WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2010-04-19 Time: 07:00:03 Posted By: News Poster
By Kunle Akogun
Abuja – The National Security Adviser (NSA), General Aliyu Mohammed Gusau (rtd), has faulted the on-going banking sector reform, saying the Central Bank of Nigeria (CBN) intervention “seemed to have damaged economic activities in the banking sector to the detriment of the larger society”.
Gusau also reviewed the on-going anti-corruption campaign in the country, writing it off as “ineffective and selective” but promised that the current administration would fight corruption employing equal standards across board.
The NSA gave these verdicts at a security awareness seminar organised for the newly appointed ministers by his office in Abuja at the weekend, according to a statement by his Chief Press Secretary, Adebisi Adekunle.
According to Gusau, the travails of the banking sector and the way they were addressed reflect the double standards, which critics perceive in the administration of justice, lamenting that “only a few banks were penalized for what every bank seems to be doing”.
Gusau said “the fragility of the economy further dictates that offenders be interdicted without damaging the sector.
CBN under Mallam sanusi Lamido Sanusi had fired the executive management of eight of the 24 banks in the country last August and October-having found the institutions to be in grave situation after a special audit jointly conducted by the apex bank and Nigeria Deposit Insurance Corporation (NDIC).
Consequently, the banking watchdog provided N620 billion ($3.9 billion) in liquidity and loan support to the eight institutions, stressing that lax management had left the banks dangerously undercapitalised.
These institutions had since been taken over by CBN appointed managements, which had since been running the banks as going concerns until new investors are found to recapitalise them.
CBN had put the non-performing loans (NPLs) of the eight banks at N1.524 trillion. The amount, it pointed out, represented 60.75 per cent of the industry’s total NPLs.
Given the provisions for bad loans, which the rescued banks and other banks were compelled to make by the apex bank, banks have since shut their doors to borrowers.
CBN had also taken other measures which include the proposed categorisation of banks and proposed scrapping of universal banking within the next 18 months, which has been condemned in some quarters.
On anti-corruption, Gusau said: “The anti-corruption campaign has been largely considered to be ineffective and selective … because it penalizes a few unfortunate individuals while society see many they consider guilty enjoying their loot in freedom”.
Acting President Goodluck Jonathan had earlier lamented that the anti-corruption war lacks vigour and that the crusade would be reinvigorated.
Gusau said some of the anti-corruption agencies in the country have credibility problems, as “their leaders are being accused of wrong-doings”.
Stating that corruption is an economic crime that threatens the survival of the country, the NSA said it is difficult to prosecute offenders because of the lengthy delays in court processes “while criminals go in and out of prisons at will, becoming serial offenders”.
He told the ministers that security of lives, properties and livelihood is threatened by crime, adding that “the crime situation in the country is so high that the law enforcement agencies appear overwhelmed by the sad situation”.
Gusau said “very little attention is paid to the prevention of crime,” insisting that pro-active security measures could assist to prevent crimes while good laws and efficient penal system will deter criminals and reduce crimes.
The NSA, however, lamented that “the country’s current legal system seems to promote crimes”.
Gusau, whose address at the seminar was titled “An overview of the nation’s security”, cautioned the new ministers on the security implications of any lapse in their actions.
He said ministers of the federation must be at the vanguard of efforts to restore sanity and stability as well as to increase public confidence in the ability of governance to function as expected.
Stressing that the enhancement of human development is a key security objective, the NSA added that “Nigeria is rated low in human development index issued periodically by international institutions.”
Public officials, he said, have to be conscious of the impressions they convey by the way they value or depreciate the worth of the average Nigerian.
He said “the carnage in Jos and the summary killing of Boko Haram suspects by the police showed the world that Nigerians do not value themselves.”
Gusau also said with incidence of polio, guinea worm, malaria and other disease, which have been eradicated in other parts of the world, the commitment of the government to human development has since been under question.
The same development, according to him, prevails in the country’s educational facilities as well as given indices of the high unemployment level, poverty, low food security arising from the country’s inability to feed its people and decaying infrastructure.
Charging the ministers to be conscious of the impact of public policy on the nation’s security, the NSA said, “I want you to always remember that national security interests are paramount and must be respected. Public policy can have significant impact.”
He said it was important for certain public policies to have security inputs just as the introduction of policies, which may be considered controversial, are implemented with adequate preparation by security agencies.
He tasked the ministers on the need to carry the people along in policy plan and implementation, saying that to do otherwise have serious consequences both in the short run and long after.
The one-day seminar took the new ministers through other relevant areas like Foreign Intelligence Activities and the Threats to Security, Security of Information, Documents and the Operations of Government and The VIP: Enhancing Personal Protection Security and Safety.
Other papers presented were on The Anti-corruption Campaign and Crime and Society: Policing and the Current Challenges of Law Enforcement.
The Secretary to the Government of the Federation Yayale Ahmed and Head of Service of the Federation Steve Oronsaye moderated the discussions.
Original Source: 
Original date published: 19 April 2010
Source: http://allafrica.com/stories/201004190122.html?viewall=1