Sanusi’s Interview With London Financial Times (2)
By Les Leba Absent a fortnight or so ago, Lamido Sanusi, our new Central Bank Governor gave a detailed interview to the London Financial Times. It was clear that the new CBN top dog is not too happy with the performance of the Central Bank management and the Securities and Exchange Commission in their primary duties as the policemen of the money and capital markets. Although Sanusi agrees that there is no system that is infallible, but he also insists that both operators and regulators should at least be honest enough to admit whenever they make mistakes and thereafter set forth with determination to remedy their failings! As a starter, CBN auditors have now been deployed to banks to investigate the extent of the burden of margin loans which banks granted their customers for the purchase of the shares of the same lending banks.
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Sanusi’s Interview With London Financial Times (2)
