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The Bully Called Sanusi

22 Sep 2012

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By Dele Momodu 

Fellow Nigerians, please permit me to borrow the cliché that “whatever has a beginning must have an end.” This is the only way I can describe what seems to be an end to Mallam Sanusi Lamido Sanusi’s reign of recklessness and authoritarianism at the Central Bank of Nigeria. Even if he remains in office till 2014 when his tenure mandatorily expires, he has already waltzed his way into a cul-de-sac. The reason is very simple. Sanusi appears to be a poor student of Nigerian history; otherwise, he would have known that whenever Nigerians are hailing the disciplinarian father of a recalcitrant child, the same people always turn around to ask if he wants to kill his own baby. The attention span of an average Nigerian is short and limited. Nigerians are a people perpetually in search of new heroes. We are a people so confused about what we want, whether democracy or militocracy. Many years of debilitating military interventions and interregnum have turned us into victims of acute psychological impairment.

That must be the reason many of us often deify those we believe can help us punish, or even kill, our enemies. But our romance with kill-and-go administrations is always short-lived. A good example was when the Shehu Shagari government was terminated in 1983 by Mohammadu Buhari and Babatunde Idiagbon, Nigerians spilled into the streets like locusts to celebrate their victory over a most profligate ruling party known then as the National Party of Nigeria. Many prominent members of NPN were hounded into prison, house arrest and exile. Jubilant Nigerians even saw nothing wrong with the despicable attempt to crate Alhaji Umaru Dikko alive and the abortive “mission impossible” to smuggle him back to Nigeria. We tend to love and promote selective justice and injustice. We support whichever is more convenient at any particular time.

The same Nigerians flooded the streets when the man with the toothy smile, Ibrahim Badamasi Babangida did his own coup and sent Buhari and Idiagbon into premature retirement. Yet Babangida did the exact opposite of what Buhari did by giving a human face to dictatorship and inviting prominent Nigerians to serve in his government. He garnished his solid team with a few social critics and freed the Buhari captives from arbitrary incarceration. Babangida did not end it there, he forced open the dreaded cells of the then National Security Organisation where political detainees were tied down and lived like animals. Sympathetic Nigerians thanked the new benevolent ruler and embraced him warts and all. Buhari and Idiagbon simply melted into oblivion.

Sooner than later, Babangada started his transition games and started dribbling Nigerians with the dexterity and foxiness of the legendary Maradona and his infamous ‘hand of God’. He shifted the goal posts several times while the game was on. He even transfigured, without the benefit of elections or any referendum, into a civilian President and held the whole nation spellbound. He banned and unbanned potential candidates at will in a classic case of chess whilst keeping a straight poker face all the time. Nigerians watched in utter amazement, helplessness and befuddlement as someone played them like Ping-Pong.  Meanwhile, it was alleged that under Babangida, corruption stank to high heavens. The chief critic at the time was General Olusegun Matthew Okikiola Aremu Obasanjo who called IBB all manner of unprintable names.

To cut a bad story short, an election was conducted on June 12, 1993, and the presidency was won by Chief Moshood Abiola but was annulled by General Babangida for reasons yet to be disclosed till this day. In the middle of this higgledy-piggledy, a contraption called the Interim National Government was hurriedly packaged and Chief Ernest ‘Degunle Shonekan was made its Head. That government lasted only a few months when the maximum ruler with dark goggles, General Sani Abacha arrived on the scene and sacked the ING with automatic alacrity, and everyone scampered into safety without as much as a whimper.

If IBB loved to smile like a beautiful bride, Abacha was the exact opposite as a gloomy groom. His mien was something else and everyone feared him with utter trepidation. He took over the liability of June 12 and appropriated the mandate to himself. Those who challenged him soon found their ways into prisons or on the road to Golgotha. Two of Nigeria’s most powerful army Generals of all times, General Obasanjo and Major General Shehu Musa Yar’Adua who tried to monkey with Abacha were both roasted like chicken in Abacha’s gulag. While Obasanjo was lucky to stay alive and live to tell the tale, Yar’Adua was very unfortunate, as he died in prison and was silenced forever. The winner of the election MKO Abiola and his wife Kudirat died under different circumstances. Other pro-democracy activists suffered various collateral damages, including death.

Is it not strange that the powers-that-be in their wisdom sooner than later thought it fit to invite General Obasanjo to take over the mandate that should have been that of Abiola? The man who made it all happen was Babangida who had been publicly scandalised many times by the same Obasanjo. It is also interesting that Obasanjo would later block the same Babangida who helped him back to power when the man wanted to stage a comeback. The drama also became a theatre of the absurd when General Mohammed Buhari also came back on the scene after quitting power since 1985. He’s been contesting permanently since 2003 and he’s yet to give up. The same Nigerians who called him the wicked tyrant are the same people saying he’s the best man for the task of changing Nigeria for the better no matter how old and weak he may have become since leaving power 27 years ago.

This is my summary of Nigeria’s history that Sanusi failed to read or possibly chose to ignore. A good student of Nigerian history would always try to check when the market is over and the traders must close shop and go home. Sanusi did not understand this and behaved as if he was the de facto President of Nigerian. He had cashed in on the weakness of the Jonathan administration to run his own parallel government and haul insults at anyone who dared to challenge him. He neither spared the executive nor the legislative arms of government. He went meandering from one controversial policy to the other and bullied everyone into submission. If he didn’t know other things, he understood the magnitude of our docility and took full advantage of it. It was always obvious to discerning minds that Sanusi is a man of tall ambitions who was willing to do anything to achieve his aims and goals. He spent money on outlandish projects and anything that caught his fancy and ran a personal fiefdom.  

I must confess that when Mallam Sanusi started his highly-controversial tenure at CBN, on June 4, 2009, I saw through the smokescreen of his vengeful mission very early in the day, and warned many of those jumping up like frogs thinking a Messiah had finally landed on our shores to take caution. While acknowledging his academic brilliance, I was duly worried about his unbridled radicalism. He did everything in the extreme and lacked the tolerance to persuade others. In the process, he stepped on too many toes and acted like he was beyond control. He fought for total autonomy for the CBN and campaigned vociferously against any form of audit by anyone of his actions as CBN Governor. He thus became a loose cannon and a sword of Damocles against his foes. His word was law as everyone feared his tempestuous outbursts. 

You must give it to him, Sanusi  is a princely and charming man. He’s the type that most ladies would see and curtsey. He loves attention and attracts it almost effortlessly. He would have done so well as a Nollywood actor or a music superstar. It is strange how a man of such sartorial tastes ended up in banking and not showbiz. The profession he chose was traditionally reserved for taciturn and conservative characters and not for vainglorious and adventurous rabble-rousers. His major weakness was his sharp tongue. He could almost raise the dead with it.

Sanusi had managed to capitalise on the kill-and-go mentality of most Nigerians to win sympathy for his dangerous annihilation of his enemies without caring for the stray bullets that may hit innocent bystanders. In other to catch a few rats, Sanusi chose to set fire to the whole village. He needed to disguise his real intentions and motives by taking on an entire institution and sacking otherwise brilliant bankers in the process. Some innocent people had their eventful careers terminated by a rampaging bull that was goaded on by a neurotic society and a vindictive population. It was so tragic that the warnings of a few of us fell on the deaf ears of those who were more interested in the extra-judicial crucifixion of those perceived as rogue bankers. Nigerians allowed themselves to be mesmerised and hypnotised and hoodwinked by a quintessential bully in search of victims to devour.

Sanusi’s eloquence and debonair presence made it possible for many of his unwary admirers to get carried away by his sophistry. But they didn’t need to look too far to realise that his combative approach would soon go up in smoke like others before him. Perhaps, he would have fared better as a military dictator than as a sanitary inspector in the cesspool of banking mess. The game he played was too hot to handle and for too long. He should have known that one way or the other anyway, the chicken must come home to roost. And bullies always have their terminal dates.  This is because, according to Wikipedia, “a bully is a constant harasser of the weak.” A bully argues his victims into submission through intimidation and name calling.

Wikipedia explains further that a bully is usually arrogant and narcissistic and by bullying others, he feels empowered. He suffers from “personality disorders, quickness to anger, use of force, addiction to aggressive behaviours, engaging in obsessive or rigid actions…well-planned and orchestrated attempts at character-assassination…” It explains that a bully cannot exist or thrive without the active connivance “of a large group of relatively uninvolved bystanders.” It is the ability of the bully to create the illusion of a support base from the majority that propels him to instil the fear of God into people and prevent them from speaking out against him. This is palpable in Sanusi’s case as no member of the economic team or the Institute of Bankers could openly speak up against the excesses of this man. Even our President appeared to have been clearly subdued; the reason he quickly assented to a foolish experiment. Bullies exert and expand their power when they see the unwillingness of anyone to challenging or taking them on because they depend largely on mob action.

Wikipedia puts it succinctly: “When the bully encounters no negative response from observers, it provides social approval for the bullying and encourages continuation of the behaviour.” Most people ignore bullies because they are not in any present danger themselves, or may feel that there’s no point becoming the next victim, so better to keep mute. But there is never a guarantee that anyone can escape the bully, as General Obasanjo must have discovered when Sanusi referred to him as “a poor economist.”

I believe three things ended Sanusi’s regime of fear. The first is that he did not gauge the mood of his ubiquitous mob who did not subscribe to his N5,000 note misadventure. If he read their lips, he would have known he was on his own and would have avoided the risk of dancing naked in the market place. And the second was his attempt to stylishly rubbish a former President and Commander-in-Chief, Olusegun Obasanjo. No matter the degree of the seeming cold war between Obasanjo and his estranged godson, President Goodluck Jonathan, no one would allow Sanusi get away with such sauciness while he’s still a public servant.

The last straw is the rumour of Sanusi’s Presidential ambition which he has since denied. But denial or not, the Jonathan crew would never close their two eyes again where Sanusi is concerned, and he has become a potential enemy and a marked man whose wings must be clipped.

He should have realised that a child who buys a pair of shoes for his limping father must be ready to listen to the dark tales of his lineage.
By his own feathers, Sanusi is now smitten! That is how the cookies always crumble.

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  • Sir, your comments seem to reveal some ill feelings you have towards this man, beyond the actions he has taken. I disagree with Sanusi Lamido Sanusi's attention seeking approach. I also disagree with how he handled the failing banks. With more internal strategies, panic could have been prevented and they likely would not have declined to the level they did. However, the failure of the banks was due to the actions of those bankers you termed "brilliant". Erastus Akingbola, Cecilia Ibru, Francis Atuche, Dayo Famoroti and others were all brilliant thieves and fraudsters. The theft of depositor's funds is about as archaic an enrichment scheme as imaginable. They needed to go down and quickly. If that did not happen, they would have bribed even the Chief Justice of Nigeria to facilitate a court injunction barring their arrest and/or prosecution. The fire-brand approach utilized by Sanusi is very similar to that of Nasir El-Rufai. Yet, El-Rufai's praises are still being sung. Whatever the case might be, the introduction of a N5,000 note was ill-advised.

    From: Olatunji Bello

    Posted: 8 months ago

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  • Bob dee, you are on target. One can only wonder who is in charge in Nigeria. This is where federal character and Zoning has led Nigeria. My must take our nation back

    From: Mayor

    Posted: 8 months ago

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  • What a wholistic and master piece, exciting, incisive and inspiring... Oh I just went up to see the writer...Dele Momodu. Shun Sir!!

    From: Samuel

    Posted: 8 months ago

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  • MASTERPIECE AS ALWAYS. BUT I KNOW SANUSI WILL NOT ALLOW TO BE SHOVED ASIDE WITHOUT ANOTHER CONTROVERSY.

    From: FEMI

    Posted: 8 months ago

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  • for a long time Dele, this is a good write up and I wonder who could agree less with you on this. Sanusi Bullies the Finance industry because, no restraint is placed on him by the executive or himself. He was able to understand that the present regime is not interested in much meddling with the running of institution. This latest project of his, was a step too far hence the attention he got!

    From: madu

    Posted: 8 months ago

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  • Thank u. He is so arrogant and power drunk

    From: adeniyi

    Posted: 8 months ago

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  • I don't think you should rely on Wikipedia as a reference point. Anyone, even you, can edit that article and write what they want about Sanusi. Who knows, may be you wrote the text that you just quoted.

    From: mafar ka

    Posted: 8 months ago

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  • Lovely illustration. Nice piece!!!!

    From: Zinga

    Posted: 8 months ago

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  • Sanusi should always av in mind dat no champion 4eva, frm the nigerian history he should learn more that the people supporting him r still going to be the ones that wud remove the stool frm his balance.......General with high esteem and honour mr dele momodu you are too much

    From: ahmad rojas

    Posted: 8 months ago

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  • Dele, this exactly sums up Sanusi's reign of terror. I must confess that this is one of the best articles that i have read in recent times. Let him ( Sanusi) be warned that he who carries an ant infested firewood should always expect the visit of a lizard.

    From: Shayo Daniels

    Posted: 8 months ago

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  • A beautiful and poetic, but most importantly truthful article.

    From: Olayinka

    Posted: 8 months ago

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  • I am happy that you chose to be serious for once. Instead of engaging in jollof rice and goat meat journalism, you chose to tackle an issue that I consider one of the existential threats to the nation. Sanusi is one of the most dangerous men in Nigeria. His sin are multifarious. He is pretty much running a parallel government. President Jonathan better wake up before it is too late. These are some of the few things that this man did that would have any central banker in jail or at leat losing his job in any decent society: donating millions of naire to riot victims whether in kano or Lagos or wherever, unilaterally sacking the c.e.os of publicly traded banks, capping the tenure of c.e.os of shareholder owned banks, limiting the amount of cash that citizens can deposit in a certain time frame, having a chieftaincy title a few days after some top executives of cbn perished in a plne crash and had the insensitivity of wearing the so called turban to work the next day looking like a clown. To name a few. This man is usurping both the executive and legislative functions of the federal government. He is also usurping shareholder powers in deciding who runs atheir business. This is an outrage. I can go on and on. Mr Momodu, please do not end with this piece. You should make this a crusade. Sanusi belongs in prison or at least out of the cbn. He is a very dangerous and callous man.

    From: mogbo

    Posted: 8 months ago

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  • Only a poor economist will see himself as always right, from day one, Sanusi has been failing us. After smoking those giant bankers and subjecting the financial sector to foreign investment fear, he went on and argue in favour subsidy removal which turn out to be a scam, and now 5000 naira note. It is so apparent that Sanusi is a poor student of economics living a glass house yet throwing stones.

    From: Fashola Kazeem

    Posted: 8 months ago

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  • Mr Momodu, your article today sounds like a resounding cymbal awashed with empty and fatuous notes. I think one's opinion about anyone should be unbiased, factual and clear especially when it is going to be in the public domain. While I do not subscribe to having the N5,000 note as I see it as a reminder of nigeria's so called robust economy in a sardonic /paradoxic sense, Mr Sanusi has every right to call obasanjo a poor economist if he feels so when he he is stating the obvious. This is the problem with people like you, obasanjo was supposedly democratically elected as well as supposedly served us so why can't Sanusi say what and how he felt about him, he did not insult him as far as I am concerned. It is only in Nigeria where people who are in office serving the nation are worshipped like they are monarchs and totalitarians. This should not be enabled by the ignorance of some . While Sanusi's restructuring plans does not help in increasing disposable and/or discretionary incomes of Nigerians and fiscal policies which would decrease unemployment amongst youths as well as Increase GDP per capita significantly, he has also sold it as a highfalutin idea knowingly/unknowingly . Until I begin to see a backward trend where the naira begins to gain against the dollar and co, with the various indices mentioned above ,the economy of Nigeria would remain suspect to me and this should be the crux of your argument rather than trying to garner populist support

    From: Uche

    Posted: 8 months ago

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  • My dear Brother, Dele, your write-up was well written and compelling. I like to read your write ups. I believe however, that you will do a great disservice to this country if you abandon the pen for political office. As you rightly drew sanusi's attention to history, great social critics never do better than those they criticize. Stick to the pen and history will have a revered place for you. Thanks.

    From: Kingsley, Abuja

    Posted: 8 months ago

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  • Sanusi needs to be re-educated. We have had enough of his negative slide drama. This historical mind travel and baring of his dirty underwear should make him realise we cannot have his impaired mind on the show glass anymore.

    From: Fatima Johnson

    Posted: 8 months ago

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  • Even a blind man can see that Sanusi eyes the seat at Aso Rock. He may be a brilliant banker but he definitely lacks the quality of a Leader and is sure not the kind of Unifying leader we need in this delicate state of our nation where disintegration seems to be in the minds of many. My candid advice he should have his appointment terminated.

    From: KC

    Posted: 8 months ago

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  • The most annoying thing about sanusi is his arrogance and belief that he can get away with anything. His involvement in the forceful transfer of ownership of Intercontinental Bank should be probed with immediate effect.

    From: wikileaks

    Posted: 8 months ago

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  • Bob Dee, I salute your attention-consuming style of weaving your thoughts into words. This is no doubt an interesting article. However, i feel that the argument here against Sanusi's suicide mission with the N5000 note was only predicated on sociological considerations. I personally do not support the planned N5000 note because I am yet to meet an economist who can satisfactorily convince me that if the national economic indices is tilting towards printing larger denominations, then that is a telltale sign of economic ailment. If Zimbabwe printed as high as a single Zim$5m and we called it economic collapse, how then will printing N5000 single bill not be pointing in the same direction.
    However, Bob Dee, this article can only spark in Sanusi a feeling of fulfillment that the writer may only be agood historian and not a soumd economist as well. I would have loved to see some economic justifications to buttress the arguement. Same is my fault with Dino Melaye's radical Anti-corruption Network position on the issue too. Yes we are all against it, but it is important we match Sanusi one on one with economic data and arguements against his authoriterian decision.
    Otherwise, nice article, well historically researched and captivatingly served for saturday dose of Pendulum. Big up.

    From: Idris Titus

    Posted: 8 months ago

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  • great piece from dele, but he forgot to add that. the only reason why Sanusi was brought to head the CBN was to fulfill, the northern agenda, which includes to take over banks owned by the southerners and hand them over to the northerners through the back door

    From: kaycee

    Posted: 8 months ago

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  • wow Bob Dee, there is no doubt that we still have cerebral people left in Nigeria...thanks for this piece!

    From: usman aminat o

    Posted: 8 months ago

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  • For once in my life, i can say Dele did justice to this story. I have always known it, that SLS is arrogant, a bully, a disgruntled element, arrogating unnecessary powers to himself. Above all, he is so inconsiderate and insensitive. While the dead bodies of his staff from the ill fated Dana crash were still lying cold at the morgue, he took a chieftaincy title and even wore the regalia to the office, what impunity and arrogance? For those who didn't know who he is, now you know. I am waiting for 2013 when he will be butted out of office so he will have all the time to pursue his political ambition. I am happy the N5000 malady is now history. What a way to clip his feathers.

    From: stella agwu bond

    Posted: 8 months ago

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  • very nice write up brother, your style is really amazing and unparalleled!!!
    greetings
    tope

    From: yomi akintobi

    Posted: 8 months ago

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  • This is a well written piece from Bob. Sanusi has eventually cashed in on the weakness of the Jonathan administration but trust me his polices will certainly fail. He has become a bull in a China shop but sooner than later his wings would be clipped.

    From: williams

    Posted: 8 months ago

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  • This is well written piece. Sanusi is a bull in a China shop. He has cashed in on the weakness of the Jonathan administration but trust me his polices will certainly fail.

    From: williams

    Posted: 8 months ago

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  • That was a good write up. In the history of CBN,no governor had been controversial and flippant like Soludo and Sanusi. CBN governors are noted for their maturity, being quiet and working behind the sceen,unlike the duo aforemention whose's mode of administration is show off, pulicity seeking, arrogant, power drunk and lastly controversial. I think the duo behave that way because they are addressed as governors and are unaccountable for the budget of the Bank.So, they tend to equate themselves with state governors. I hope Mr. President would be well guided when appointing the next govenor of CBN

    From: David Tatua

    Posted: 8 months ago

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  • This article on Sanusi Lamido have said it all about who the CBN governor is. Its quite unfortunate GEJ is the president and have allowed Sanusi to dictates much on the economy policies of his administration. This really showed how weak GEJ is in decision making. Sanusi hauling insult at the former president shows how power can easily consume the 'righteousness' May God deliver Nigeria from bad leaders with unproductive policies.

    From: Faronbi O. Samuel

    Posted: 8 months ago

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  • Thank God someone from onset saw it the way i have been seeing it. this guy was a product of Nigerian power sharing nonsense, after Soludo the North felt it was their turn, instead of looking for qualified Northern Economic professor or graduate they decided to use their sick northern political paddy paddy to choose the governor of an important part of the Nigerian economy, I have been saying this guy knows nothing about economics, yet that shouldnt had been his problem if he worked with the numerous economics working with him in the central bank, but because of his BULLYING habit as the writer highlighted he chose to operate as an island, Sanusi is not a leader, this guy cannot get to were he is now in a developed society

    From: Peter Onoja

    Posted: 8 months ago

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  • How I sincerely wish this tale about eventual fall of Sanusi Lamido, the fulani emperor of CBN will quickly translate into reality. Sanusi has since forgotten that he's a civil servant and not a military dictator. I can see he has come to the end of the road. He may likely serve out his tenure, but will never really have his way again at CBN. His lost of this fierce currency battle at last, has not only demystified Sanusi but decimated him.

    From: nwatah.com

    Posted: 8 months ago

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  • Thank you Bob Dee for your boldness in tackling this bully and extremely irritating CBN Governor. Like many leaders in the country, Sanusi is power drunk. But his unmitigated level of arrogance sets him apart from his fellow oppressors. Nigeria is tragically populated by leaders who constantly think they are bigger than the country!

    From: Nick APata

    Posted: 8 months ago

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  • I have not for once liked Sanusi o!
    I saw his arrogance and knew he was out for vengance also got ambitious in the process.

    People need to read this to him.

    From: Jesse

    Posted: 8 months ago

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  • Bob dee, thanks i printed this article regarding bully, to stick intomy office wall, secondly thanks for been there for obasanjo when it matters, omo ale lo nfi owo osi ju we ile baba e, which you are not in this case.good piece , ride on bro.f

    From: muyiwa adesanya

    Posted: 8 months ago

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  • Every hero is always a bore in the end

    From: YB

    Posted: 8 months ago

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  • "......Sanusi chose to set fire to the whole village. He needed to disguise his real intentions and motives by taking on an entire institution and sacking otherwise brilliant bankers in the process......"
    Dele i assume the brilliant bankers you reference are your friends, because the books don't lie all these sacked bankers were fouling in their management. None of these people targeted by Sanusi had clean hands or operated pure banking. Dele you need to learn never to take the brief for a guilty person....That is the biggest problem with Nigerians....

    From: ThussaiththeLORD

    Posted: 8 months ago

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  • Nigeria is really an interesting story. I earnest wait for the transformation of this country, what am not sure is if nigerians can really change their here & there ideologies. Kudos to Chief Momodu.

    From: dr oderanti obafemi

    Posted: 8 months ago

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  • Brilliant

    From: Bobo

    Posted: 8 months ago

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  • Opportunity can and is making way for fools . That a policy looks good does not mean that Sannusi is wise.The attribute of true Leadership must not be mixed with Vengeance and insensitiveness to the feeling of your people. To lead you must have to live in the mind of the lowest and the weak to embrace their desire for you. Sannusi must fail because he does not want Nigeria to work,
    Sir, how much millions does he need for the army he wanted to sponsor with the money he was going to steal after the introduction. The God almighty ko ni gba fun in Jesus name.
    Thanks Bob Dee. Ori yin koni dota ati ti awon omomyin and bee ni ati ti emi t'omo.in Jesus name

    From: damola Modified(flourish)

    Posted: 8 months ago

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  • My long time favorite columnist!Keep it up.Reuben Abati was the reason I only buy The Guardian while he was with us.Now you have become the reason I only buy the Thisday.That is the only intoxicating column I read there,after which i give out the paper.
    Well about Sanusi,I got so embarrased by him the moment he decided to shell out 100million naira to victims of Kano state bomb blast and,an afterthought 50million naira to Christian victims of same blast somewhere. I wonder why anyone isnt asking what authority he had to do that.Not even our president could ask.They said the largesse was CSR!How a public servant could have so much effontry to dip his hands into our coffers without querry beats me.
    Anyway,I dont seem to agree with yr assertion that,he unfairly victimised those bank execs who ran their banks aground.Unfortunately,there may have been collateral damages in the process.Is it not possible for such victims to seek redress in the courts?Afterall, Madam Cicellia Ibru didnt deny her own faults.I think its the smart Alecs who have taken advantage of ourwarped financial systems over the years, that are giving the impression that,SANUSI was being unfair to them.Well,the courts are there.Akingbola has been vindicated albeit miraculously.
    I think the courts are the only avenue for antbody to vindicate himself,because,I am not too sure we have all the facts of their financial dealings which the CENTRAL BANK has.Are ther penalties/damages for wrongful prosecution?Let them seek and claim for such.
    Dele,I have been following you for years,yr journalistic endeavours,yr political endearvours.

    But can you enlighten me why you think its below your status to start as local government chairman,show yr performance to be visible to every one,then you will only do minimum campaign for the gubernutorial,therefter,you can go in for presidency.In every of those stages,only yr performance will only campaign for you.This is because,I am sure you will perform,except of course you dissappoint us.
    Talk about OSHIOMOLE in Edo state and FASHIOLA in Lagos state.
    I am sure if they keep their present performance till their tenure,their shot at the presidency may be more smoothsailing than for you, if you have to contest against such people.I am not questioning yr political optimism.I know you are with NC Party.Again it may be good if all of you in opposition are able to come together.Who knows,if you are able to win the presidential election,there might be a chance that you be made a minister of works where I wish you demonstrate what you can do,or how about the POWER ministry.See what Proff.Nnaji did in a few years he was there!But they didnt let him!Did they?
    Look, even the Abiola who is yr mentor had so much national influence cultivated over the years, to have won the annulled election of June,1993.

    Think about it.

    thank you.

    From: ISRAEL OBADAN

    Posted: 8 months ago

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  • Me just love the proverbs you used to drive home your point sir,and I must say I found your article very explosive Now you have' belled the cat' by standing up to condemn an outlandish policy...he that has hear let him hear.

    From: @akinmodupe

    Posted: 8 months ago

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  • Me just love the proverbs you used to drive home your point sir,and I must say I found your article very explosive. Now you have' belled the cat' by standing up to condemn an outlandish policy...he that has hear let him hear.

    From: akinmodupe

    Posted: 8 months ago

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  • I do not know who allow dele momodou to write anything. I have read many of his write-ups, and they are weak and watery. What has the babangida story got to do with sanusi. Sanusi has his issues but you should think before you write stuff. You are also always looking for ways to bring up the Abiola story. Sanusi has done very well in the banking sector considering what might have happened. He is power drunk but that is a Nigerian problem compounded by the weak leadership provided by good luck J. You should stick to your ovation stuff where all you do is praise sing. It suits you better

    From: smillinggood

    Posted: 8 months ago

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  • Nice piece. But Nigeria needs powerful institutions and not powerful people

    From: Nkem

    Posted: 8 months ago

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  • Twale baba mi ,sir u have said it all this man called Sanusi has just finished Dancing kokoma in village square and he will smit by those that put him there, how can a civil servant some one appointed FGN talking to a former president and commander of d armforce of Nigeria thats the height of insult and disrespect from a well read man who suppose to b a nollywood star than being an Economis seating in central bank as Governor trying to distroy an Economy to crown it all having an ambition to unseat his own commander in chief president jonathan ie by contesting d next election in 2015,waoo what an actor sanusi well i think he has written his name in d black book of PDP silence will now b his portion IJN arrogant mallam,God bless u sir for this wonderful article i love

    From: victor

    Posted: 8 months ago

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  • Thanks for your piece. I have respect for your views on issues like i have for sanusis before the latest policy reversal which i believe can be committed by any mortals. All his weaknesses highlighted is not contestable. However, having been corrected, i dont think all the epistle used to castigate this fellow is fair. Despite all the atrocities stated, are we saying this man did not achieve anything as CBN helmsman? What lesson/s do you want us to learn from all the presidents mentioned in relation to Sanusi's offence. Lastly, I am surprised that sanusi is giving every dick,tom and harry to praise Obasanjo who I am yet to read any good thing he achieve why he was in charge as president from any journalist. Anyway, I look forward to reading unbiased view from your end.
    Thanks.

    From: Abdulsalami Ibrahim

    Posted: 8 months ago

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  • Mr. Momodu,
    If anything, It has become more of a certainty than a probability that the Central Bank of Nigeria (CBN) is not independent. Once public opinion is sought on a Monetary Policy decision that is purely a CBN's professional decision, political expediency becomes the end result.

    Needless to say i thoroughly enjoyed your historical perspective, Your article would have been richer and more convincing if more emphasis are made on the Pros and Cons of the proposed N5,000 denomination by CBN; and why you sincerely believed it was a wrong decision for Nigeria.

    From: Robert Ngwu

    Posted: 8 months ago

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  • brilliant bankers? Bob Dee di you see the UK courts recent confirmation of Akingbolas brilliant stealing of half a billion pounds of hard working Nigerians money? I can see from that one sentence where all your motivation comes from. You support thieves. after all they are the ones that kept your praise singing magazine afloat with pictures of their mansions, private jets and lavish weddings. How will you like Sanusi? Now AMCON and and CBN have put the lid on further loans I expect more acidic pieces from your pen. LOL

    From: LWKMD

    Posted: 8 months ago

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  • The Hypocrite ... i dont even mind hypocrisy if the facts are presented intelligently and logically. cant see any evidence of that here.

    From: msdee

    Posted: 8 months ago

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  • One always sees in your articles a desperation to meet the submission deadline. Just check the many non-sequiturs in this twaddle. In the context of your article, what peculiar lesson could Sanusi have learnt only from Nigerian history that he couldn't have from history in general? Your answer: 'A good student of Nigerian history would always try to check when the market is over and the traders must close shop and go home.' Now your answer will flunk any history student. Why rehash the overwritten Nigerian history again if not only a desperation to fill up your article with words, however irrelevant. And it is ironical that you accuse Sanusi of bullying. If you knew better and your description of the man was any accurate (I am sure it isn't of course) you would be much obliged to him and strike up a comradeship with him. For isn't it satisfactorily witnessed in this article, in which native aphorisms are employed for the solitary purpose of impugning Sanusi, how you've refused to tackle the ideas of Sanusi intelligently, but have simply plunged ahead to call him names in the way--you yourself will have us enlightened--bullies do.

    From: Opeye

    Posted: 8 months ago

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  • Very brilliant article. How in the world would a common man like Sanusi pass insults at one of the foremost leaders in this country. Where was he when Chief Obasanjo was fighting for the unity of this country. Was he not brought up to understand that elders are meant to be respected? We were made to believe he is from a royal background but his conduct and body language negates the qualities of those with such backgrounds. I am certain that the national assembly would not have opposed the CBN having full autonomy but for the excesses of this immature being called Sanusi. Can one however blame them?

    From: Tunde

    Posted: 8 months ago

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  • Dear sir to summarize your article ,you first argued that ,history has shown us that Nigerian leaders tend to start with the popular moves which infer ,the right thing to do in the perception of public opinion and in view of obvious infringements .they later get carried away and abuse their popularity. Later you moved to show that despite da sanusi s popular actions ,they were wrong ,who among the banks and bankers whether in public opinion or those that have been convicted have shown us they were innocent or if indeed their banks are healthy or viable ?

    From: smdikwa

    Posted: 8 months ago

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  • Its democracy that allows empty jesters like Dele Momodu and Femi Fani-Kayode to command full page features, clebrating common thieves as "brilliant bankers" and mistaking the vanity of his camera lens for the gifts of a visionary.

    From: Frank

    Posted: 8 months ago

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  • That is how the cookies always crumbles...mmh what a bitter sweet story of a dictator in disguise...

    From: kaka

    Posted: 7 months ago

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  • WELL WHO DO YOU BLAME? IS IT NOT THE SEE NO EVIL HEAR NO EVIL JONATHAN

    From: CHUN

    Posted: 7 months ago

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