The director-general, while briefing stockbrokers on the outcome of the meeting with the CBN Governor, Alhaji Sanusi Lamido Sanusi, in Abuja on Friday, said there is no cause for alarm as the CBN had explained that it was aware of the margin loan and those shares they brought with the loans are still intact.

She said: "On the speculation that there will be a mass arrest of stockbrokers because of margin loan, CBN Governor said he understands what it is all about and that you did not go away with the money, that he knows what margin loan is, that the shares you bought with it are not thrown away."

She continued: "He asked me to tell the market that the presentation, which the new bank MDs and CEOs were to give us by Monday, 7th September as to their goals and what they are planning to do has been postponed.

"Reason is that CBN governor who prefers to come and brief the market himself, in the company of the new five bank MDs is to travel to China next week but not with bank MDs. He is going to allay the fears of those Chinese banks that have relationship with Nigerian banks that nothing is wrong with our banks. He will be away for one week, but we are looking at anytime from 13th of this month."

She said the governor is yet to fix a date for the meeting, but it would take place on the Lagos trading floor of the Nigerian Stock Exchange.

The Guardian Newspaper, Monday September 7, 2009