1. The take over of DISCOs by banks today has again exposed our fragile regulatory institutions, lack of adherence to corporate governance by most wholly owned Nigeria companies (I call it corporate impunity) & lack of due delligence by federal Government during privatization.
2. The privatization done by OBJ/Atiku is still worst and while we were still battling with the fallout, @GEJonathan hurriedly handed over our commonwealth,the DISCOs to friends and cronies who were not competent with no experience of running distribution companies.
3. And here we find ourselves again . Big men with political connections are ruining the economy of Nigeria and lives of so many Nigerians without consequences for their actions. Tunde Ayeni almost ruined Aso Savings and Polaries Bank. He is a free man and I saw him with @atiku
4. When @atiku visited Gov Wike. In 2023, if @OfficialPDPNig wins he might be offered NNPC. These are some of the recklessness going on in our society that we are not paying attention to. When there are not consequences for actions it will become normal.
5. @fidelitybankplc has taken over @BEDCpower and from all indications the Board of @BEDCpower or other DISCOs who have mismanaged depositors monies like Tunde Ayeni former Chairman of Skybank and Ibadan DISCO, will go home free men & women ,support a politician with their loot,
6. once the politician or political party gets to power, they strategies and demand they get compensated with another of our commonwealth. The circle continues while we the citizens don't pay attention. Nigeria needs strong institutions & regulatory agencies urgently to tackle
7. this terrible virus . British and American corporate regulatory agencies have banned some CEOs from managing companies ,fined some heavily and sent some to jail! If we must grow and build strong businesses and economy ,our courts and regulatory agencies must be up to the task
8. Nigerians especially the poor can't be sustaining the irresponsible rich with their hard earned deposits in banks and taxes through AMCON. Government should address these issues and ensure people especially irresponsible CEOs are made to face long jail term to deter others.
9. The Legislative Arm should ensure it carries out effectively it's oversight functions and not just collect gratification while carrying out oversight . @officialEFCC should beam it's searchlight on these Legislatures and prosecute anyone found wanting.
10. The Judiciary should do the needful sending these corporate CEO thieves to jail speedily to warn others it's no more business as usual. Arik,Delta Steel,ASCON,NEPA etc are some of our commonwealth sold but mismanaged despite being undervalued and sold to friends.
*Nigeria Airways(Arik)*