Ethnic-Geographic politics in Nigeria
Almost everything in Nigeria can be seen through the lens of geo-ethnic-politics if you look hard enough. Here's an example of the pervasiveness of cleavages and high stakes politics.The Alleged Northern Agenda in the Five Banks
Disturbing political insinuations and misgivings have so far trailed the on-going drastic reform in the banking sector. Following the summary dismissal, arrest and detention, and subsequent prosecution of the former bank chiefs and their directors, many critics, particularly from the Southern parts of the country have voiced their suspicions that the Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, may be playing out a Northern script.
The plot, as some of the critics have articulated it, is for the Federal Government to ultimately acquire some or all the distressed blue-chip banks and plant in Northerners or their fronts... The suspicions spring from persistent reports... of alleged grumblings in the North about "Southern domination" of the financial sector... Available facts in the public domain, so far, hardly substantiate the regional agenda claim, although certain grey areas in the current banking reform programme need to be addressed...
Our view is that an explicit exit blueprint, with a transparent timeframe and modality, should be urgently articulated by Sanusi to the public. Such a measure will adequately address the persisting fears of a geopolitical agenda in the CBN's present dramatic reforms in the sector...
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Labels: cleavages, economics, Nigeria, politics
posted by Ken Wedding @ 6:01 AM
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