The problem with such institutions has not been funding or organisation. It has been our inescapable Nigerian attitude in management and response to management. The People s Bank, even by recent history, cannot be equated to other accused institutions by any standard. Mutual influence and complements among public institutions have always been mistaken for duplication of functions. Look at this.
Government wants to quell the flourishing poverty through the baby programme poverty alleviation.
But it is turning a blind eye against the complementary potency of the People s Bank to the programme. It appears to the poor people of Nigeria that the attempt to shake the People s Bank is going to serve some interest. It is not anything less than a grand conspiracy to bury the past, the People s Bank s past. The managers before the incumbent who found themselves somewhere in the waters of the nascent democracy, are exuding guilt of misappropriation and diversion of funds, which incapacitated the Bank to give it the name haunting it today. Now the incumbent management s efforts at revitalising and empowering the Bank is a threat to the old culprits who are, and whose patrons now in top shots, and who would want to hijack and bury the past by doing away with the People s Bank.