Clergy man asks Soludo not to liquidate 13 banks

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Clergy man asks Soludo not to liquidate 13 banks
By Christopher Oji
January 5th, 2006

General overseer of Christian Pentecostal Centre International, Oko-Oba, Agege, Lagos, Pastor Adeleke Ekundayo John has appealed to President Olusegun Obasanjo to prevail on the Governor of Central Bank, Professor Charles Soludo to rescind his decision to liquidate the 13 failed banks.

Pastor John wants Obasanjo to think well of the implications of liquidating the banks, adding that the devastating effort would be better imagined than experienced.

He warned that if the banks were finally liquidated, it would spoil the anti-corruption war being waged by President Obasanjo, adding that many of the sacked workers would take to crime.

He said: "think of bankers who know too much of the use of computers. They will only resort to advance fee fraud as there is no other job for them to do.

He said that Professor Charles Soludo should realise that thousands of people would be affected if the banks are to be liquidated.

In his words, "In African setting, one worker may be feeding over 20 mouths. The aged parents are there. The children and extended families are also there. Remember that many children will drop out of school."

He said that rather than liquidate the banks, the CBN should try to assist the distressed ones rather than send their workers into the labour market He warned that God would not be happy if he hears the cry of the innocent ones who would be crying for food.

He appealed to Obasanjo to use his good office to wade into the issue to see that the failed banks are given further time to raise money for consolidation.

He questioned "what happen if the government should assist the 13 banks. It would be glorious and God will bless this country the more. People will also believe that the government was interested in the well being of its people.