By Chris Udochukwu
Legal Practitioner and political commentator, Daniel Bwala has called for the sack of all banks Executives as part of measures to restore sanity in the financial system and overcome the Forex crisis against the naira.
According to Bwala, the bank Executives are the only private sector players posting profits without loss since 2015 to date. He further stated that they should be made to account for the FX they have been receiving from CBN 2015-2024 as well as force them to pay up all loans (if any) obtained from FGN in one week or seize their assets to recover same,
Bwala made the call via his X account in reaction to the recent moves by the federal government to solve the forex brouhaha that have depreciated the value of naira against the dollar.
Bwala who took to twitter to disclose this said:
“The key to dealing blow to Forex crisis against the naira is a bit similar to the Enron Scandal in the US; which also require tough political decision;
1. Simply sack all the bank execs; they are the only private sector players posting profits without loss since 2015 to date
2. Make them account for the FX they have been receiving from CBN 2015-2024.
3. Force them to pay up all loans (if any) obtained from FGN in one week or seize their assets to recover same,
4. Replace them with CBN complaint execs,
5. Appoint a new CBN governor without a history of bank exec role who would be ruthlessly committed to this reform (if the present CBN governor is not prepared for that) Cardoso appears to be dancing around the elephant in the room
@officialABAT must succeed with his reform agenda.
Precise Post recalls that couple of days ago, a video trended on social media where the security agencies were seen arresting some bureau de change operators.
