The Nigerian Central Bank of Nigeria (CBN) Governor, Sanusi Lamido noted that whenever Nigerian banks failed, it was only the poor depositors that suffered while the rich were never touched. He said the CBN was fully out to protect depositors’ money and shareholders

“Those found culpable in this dastardly acts are not vulnerable people that need our sympathy. If not for the rule of law, some of them (offenders) should be tied to a stake and shot.

“At the discovery of the crisis, we had the option of liquidating these banks and hand them over to the Nigerian Deposit Insurance Commission (NDIC) under the law, where a lot of people would have lost their savings or go after the so-called rich and powerful people in the country and make them to pay…”