Business
Shareholders Lament Investment Destruction In Banking Sector
The President of Nige
rian Shareholders Solidarity Association (NSSA), Chief Timothy Adesiyan has said that the investment of shareholders in the banking industry worth billions of naira had been destroyed under the reform programme of the suspended Central Bank of Nigerian Governor (CBN), Mallam Sanusi Lamido Sanusi.
Adesiyan said the suspension of Sanusi was long overdue and was no longer expected since his tenure was almost ended.
He noted that the removal of the CBN governor would have been done long ago or left by the President as May/June is by the corner.
He said that the shareholders are not happy with him for the forceful nationalisation of three banks belonging to the shareholders, adding that banks are not even doing well with Asset Management Corporation of Nigeria (AMCON).
In a related development, the National Co-ordinator, Proactive Shareholders Association of Nigeria (PROSAN), Mr. Taiwo Oderinde said the suspension was a welcomed development and even overdue for Sanusi to leave the system.
Oderinde said that shareholders have been crying and calling the government to sack him, adding that Sanusi is not even loyal to the government and his suspension is a big lesson for his successor.
He said that the position of the CBN governor is not for politicians since the position is very critical and can affect the economy, adding that the suspension would not have any negative effect on the economy.