RSU Holds 81st Inaugural Lecture In PH

The Rivers State University (RSU), has held its 81st Inaugural Lecture centred on the topic: ‘Eating well and sleeping well in fragile financial markets: the banking dilemma and corporate financial puzzles’.
The inaugural lecture, which was delivered by Prof. Adolphus Joseph Toby at the university’s Senate Building, was to show how the policy action of the Central Bank of Nigeria (CBN) and banking institutions affect the depositors.
In his remark, the Vice Chancellor of the university, Prof. Nlerum Sunday Okogbule, said, “Today, is another special day in the history of this university; because, today, we are witnessing the 81st Inaugural Lecture of this university. This Inaugural lecture today is particularly unique because it is coming from one of the biggest masquerades of this university.
“Inaugural Lectures play important role in the academic life of any university. It enablesprofessors to disseminate to the university community and the outside world the result of their several years of research in their area of specialisation.
“Such knowledge can ably be used either by government policy makers or industries to promote development in the society. It is also an avenue for showcasing or marketing the university to the outside world.”
In his Inaugural Lecture, Prof. Adolphus Joseph Toby, spoke “on the need to know your bank”.
He argued that between 2007 and 2009, the banks in Nigeria had been eating well and sleeping well while Nigerians were not sleeping well.
While speaking on the banking dilemma, Toby, opined that when a bank was robustly liquid, there was a high profitability.
He faulted the CBN for not properly regulating and managing the finances of the country.
However, he concluded that the CBN must change how it does business, adding that they should allow informed people to also serve with the monetary policies.
The ceremony was attended byformer deputy governor of Rivers State, Sir Gabriel Toby; and his wife, Dame Christy Toby; the Vice Chancellor of the RSU, Prof. Nlerum Sunday Okogbule; Amanyanabo of Opobo and Chairman, Rivers State Council of Traditional Rulers, King DandesonDouglasJaja; members of Senate Lecture Committee, former VCs of RSU, professors, lecturers and students to the university.