“if God judge count the iniquity of the wicked, who shall stand?”
I seat here watching and listening to intermittently the CEOs of banks in the U.S giving comprehensive account of their transactions with regards to the bailout they got from the government a while ago. I see seated all the CEOs of the big and mightly banks. The JP Morgan Chases, Goldman Sachhs of this world are ably represented as they say what and what they have done with the moneys given to them an what amount of profit or loss they have made.
The idea behind the committee that is holding them accountable is to find out whether the CEOs can be trusted as proper custodians of public funds and whether or not they will sacrifice all that is needed to ensure that Americans have access to proper credit again credibly in the bid to grow the sunken economy.
The last time some of them were told to give account, questions fired at them bothered on their own personal sacrifices and those of the management with regards to crises situations. Questions like “Did you arrive by private jet or did you take the train or did you fly first class?” were thrown at them to see what lengths they were willing to go to indicate their empathy with Americans and the American economy crisis at present. Those whose personal spending habits didn’t reflect what they drafted on paper as reports were seriously reprimanded.
And then suddenly, with tears in my eyes, I ask myself “when will this happen in Nigeria?” When will the Jim Ovias and Tony Elumelus be brought before an equitable committee to give an account of how they have put public funds to use?
When will there be a harmonised financial year end for banks so that all the buffering up of accounts from one bank to another and mistatement of accounts by so-called auditors who have been bribed stop?
When will even the CBN governor be able brought to accountability on his projections, his statements and the state of the economy as a fall out of his policies or inactions?
This hand-in-glove arrangement that the banks have with the CBN governor such that the true state of health of the banks are not disclosed despite the fact that billions of naira of public funds are at risk may have been exposed by then.
When will those who are in charge of leading, driving and growing our economy be brought to accountability in the face of their woeful failures?
I can’t wait. I just can’t. Even the Bank of England governor can attest that the nation is in deep recession. Our own CBN governor can’t even state the banks that are “living dead” and find a solution to rescuing the public’s funds.
Who will bell the banks? and when? In the New Nigeria, I believe all that should be will be.
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There is a blog hosted at blogspot and I want to contact the owner. How can I? Thanks.
@ Corrina
Just put a comment stating that you want to contact the person on his or her site. You should get the details of contact from him or her
Good point bro. It’s now happening. But let’s fold our hands and see how far this will go. Hope not like the Halliburton scandal.