The Banks

[hispy99]

Originally Posted by nosa2

Truth is that until I see this requirement on the official CBN website or document I refuse to believe that SLS would be so stupid. I've heard a lot of "facts" being peddled that turned out not to be facts, and if truly SLS stipulated an unconstitutional geopolitical criteria then he's unfit to be CBN governor.

See Part 2, Under "Licensing of Commercial Banks"

For the avoidance of doubt:
a) A Commercial Bank with regional banking authorisation shall be entitled to carry on its banking business operations within a minimum of six (6) and a maximum of twelve (12) contiguous States of the Federation, lying within not more than two (2) Geo-Political Zones of the Federation, as well as within the Federal Capital Territory.

[nosa2]

Originally Posted by hispy99

See Part 2, Under "Licensing of Commercial Banks"

What a shame, to me this shows a tribalistic mindset. What is the legal definition of geo-political zones? It's actually a creation of the PDP and thou it seems to have caught on in society it has absolutely basis in law and definitely won't stand up in court.

[pegheneji]

Originally Posted by emmanuel ewumi

Eastern business in Maiduguri, Makurdi, Sokoto, Warri, Lafia should not be encouraged.

you are actually contracditing yourself with this statement. if they form regeonal bank how will it help easterners on maiduguri. CBN is wrong in that statement becCAUSE a national bank can still encourage the business of these people

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[emmanuel ewumi]

Originally Posted by pegheneji

you are actually contracditing yourself with this statement. if they form regeonal bank how will it help easterners on maiduguri. CBN is wrong in that statement becCAUSE a national bank can still encourage the business of these people

It is to help the businesses of the stakeholders in Maiduguri. You are the person that said Fidelity can always take of about Eastern businesses in Onitcha, Aba, Nnewi. I then asked what should happen to their businesses in a place like Lokoja, Maiduguri etc.

Stakeholders in an area, should always be encouraged to form any group, association or organisation that they think can unleash the economic potential in where they are domiciled. The groups, associations or organisations can be a bank, Industrial estates, Educational institutions, Free trade zones,Small and medium business parks etc.

[nosa2]

Originally Posted by emmanuel ewumi

It is to help the businesses of the stakeholders in Maiduguri. You are the person that said Fidelity can always take of about Eastern businesses in Onitcha, Aba, Nnewi. I then asked what should happen to their businesses in a place like Lokoja, Maiduguri etc.

Stakeholders in an area, should always be encouraged to form any group, association or organisation that they think can unleash the economic potential in where they are domiciled. The groups, associations or organisations can be a bank, Industrial estates, Educational institutions, Free trade zones,Small and medium business parks etc.

Do you own a business?

[overload]

Banks to commence bio-metric data capture for customers

He said the national data system had not been forthcoming and that banks have decided not to continue to wait for the purported national data system by the National Identity Management, but to go ahead with their own data

Now its the banks that will be doing what a responsible govt should have done all this while

[pegheneji]

Originally Posted by emmanuel ewumi

It is to help the businesses of the stakeholders in Maiduguri. You are the person that said Fidelity can always take of about Eastern businesses in Onitcha, Aba, Nnewi. I then asked what should happen to their businesses in a place like Lokoja, Maiduguri etc.

Stakeholders in an area, should always be encouraged to form any group, association or organisation that they think can unleash the economic potential in where they are domiciled. The groups, associations or organisations can be a bank, Industrial estates, Educational institutions, Free trade zones,Small and medium business parks etc.

i never made mention of those places, the reason of mentioning fidelity and easterners is to let you know that we do not need regional bank as you supported in CBN's speech when you mentioned wema and unity.
The main point here is that we do not need regional bank to meet the banking needs/support for easterners. you mentioned that there is unity and wema thereby supporting regional for the east. you actually mixed many points up as you later agreed that unity is a national bank. anyway, i think this issue is not worth the attention only that SLS is an apostle of confusion

[emmanuel ewumi]

Originally Posted by nosa2

Do you own a business?

Yes.

[emmanuel ewumi]

Originally Posted by pegheneji

i never made mention of those places, the reason of mentioning fidelity and easterners is to let you know that we do not need regional bank as you supported in CBN's speech when you mentioned wema and unity.
The main point here is that we do not need regional bank to meet the banking needs/support for easterners. you mentioned that there is unity and wema thereby supporting regional for the east. you actually mixed many points up as you later agreed that unity is a national bank. anyway, i think this issue is not worth the attention only that SLS is an apostle of confusion

Unity is not a regional bank, the only regional bank is wema Bank.


http://www.businessdayonline.com/NG/...regional-banks According to the CBN guy


He lamented that out of 9000 Micro finance banks in Nigeria 440 of the banks are in the south and that out of this number only 164 of them are in the South East,” 18 in Abia, 75 in Anambra, 8 in Ebonyi, 23 in Enugu and 40 in Imo state” he noted. He however pointed that without sound education they would be no development,urging the forum to have the challenges of education as a major priority.

[nosa2]

Originally Posted by emmanuel ewumi

Yes.

Then you should know that businessmen don't care for tribe or associations, running a business in Nigeria is hectic enough and to expect businessmen to start forming tribal associations is just ludicrous

[emmanuel ewumi]

Originally Posted by nosa2

Then you should know that businessmen don't care for tribe or associations, running a business in Nigeria is hectic enough and to expect businessmen to start forming tribal associations is just ludicrous

Stakeholders' association. That is why we have Manufacturers Association of Nigeria, Nigerian Employers Consultative Association, Depot Owners Association of Nigeria, Bankers Forum, Bakers Association. Small and Medium Enterprise Association.

Even in international business and diplomacy we have Paris Club, G7, NATO etc.
What is the essence of this group to enhance and protect their business, security, economic and political interests.

[nosa2]

Originally Posted by emmanuel ewumi

Stakeholders' association. That is why we have Manufacturers Association of Nigeria, Nigerian Employers Consultative Association, Depot Owners Association of Nigeria, Bankers Forum, Bakers Association. Small and Medium Enterprise Association.

Even in international business and diplomacy we have Paris Club, G7, NATO etc.
What is the essence of this group to enhance and protect their business, security, economic and political interests.

How many of these are based on tribe

[emmanuel ewumi]

Originally Posted by nosa2

How many of these are based on tribe

I never mentioned tribe, I have always used the word stakeholders. Dangote, Folawiyo, Otudeko, Adenuga, Coscharis, Ibile holding, Ibeto, Okoya etc are all stakeholders in the South West. Nothing stops these people from forming any group or organisation that will further enhance their businesses.

Stakeholders can be united by various factors, occupation, industry, market, location, interest etc.

[emmanuel ewumi]

Originally Posted by emmanuel ewumi

I never mentioned tribe, I have always used the word stakeholders. Dangote, Folawiyo, Otudeko, Adenuga, Coscharis, Ibile holding, Ibeto, Okoya etc are all stakeholders in the South West. Nothing stops these people from forming any group or organisation that will further enhance their businesses.

Stakeholders can be united by various factors, occupation, industry, market, location, interest etc.

As matter of fact Manufacturers from various industries, business, states established a Manufacturer's Bank in Nigeria ie Manny Bank in the 90s. The bank later merged during Soludo's consolidation era. The sole aim of the bank was to finance manufacturing.
UAC and her subsidiaries were the Major shareholder in the former Prudent bank, that later merged to become Skye Bank.
The mega bank introduced by Soludo led to mega fraud and manipulation in our banks.

[goldsun]

Originally Posted by emmanuel ewumi

As matter of fact Manufacturers from various industries, business, states established a Manufacturer's Bankin Nigeria ie Manny Bank in the 90s. The bank later merged during Soludo's consolidation era. The sole aim of the bank was to finance manufacturing.
UAC and her subsidiaries were the Major shareholder in the former Prudent bank, that later merged to become Skye Bank.
The mega bank introduced by Soludo led to mega fraud and manipulation in our banks.

so there were no fraud before the consolidation

[emmanuel ewumi]

Originally Posted by goldsun

so there were no fraud before the consolidation

We had fraud but not the over 100 billion Naira fraud by a banker after the consolidation. Bankers had more money to play and gamble with.