Letter to CBN Sanusi, EFCC Waziri and bank executives

Echoing what most Nigerians know, Clinton came and talked about corruption in high places of Nigeria and probably those afraid of their shadows started shouting wolves, openly and discreetly. This is no story telling: I was once in the banking sector and I know of a particular case involving a bank CEO where its recently […]

Echoing what most Nigerians know, Clinton came and talked about corruption in high places of Nigeria and probably those afraid of their shadows started shouting wolves, openly and discreetly.

This is no story telling: I was once in the banking sector and I know of a particular case involving a bank CEO where its recently sacked chief executive had caused to be written off, a non-performing facility of about N400 million. It was outstanding against a (now) sitting governor of one of the south-south states before his new status. This obliteration of the facility was within few months the governor came on seat. On what basis was that written off and if the former chief executive, who is believed to hail from the state, allegedly as the governor, confirm that it was not written off but liquidated; then the public would like to know how the sitting governor managed to liquidate such a facility few months in office, if not from looting the state treasury. The obliteration of the facility came on the heels of the bank’s external lawyers taking the case to court but this action was prevented by the bank’s Chief Executive.

To Mr CBN governor Sanusi (including the EFCC chairman Waziri and the new bank CEOs, this and the likes must be fully investigated as test cases, I beg of you, since you now seem poised to put to rest all the past wrongs in the Nigerian banking industry.

Dr (Engr) Tunde Abayomi, Adeola Odeku, Victoria Island Lagos.