The North has launched fresh moves to seize the current fallout of the reforms in the banking sector to significantly increase its shareholding in the sector. The move by the North was part of the resolution at its recent meeting held in Kaduna which communiqué was not released to the public.However reliable sources at the meeting told The Nation that the meeting decided on a comprehensive mobilisation of its elites towards taking control of a chunk in the banks' shares. To achieve the dream, the Arewa Consultative Forum, ACF's National Working Committee, NWC has set up a committee to implement the plan. The Nation reliably gathered that the issue was part of the main agenda during the ACF National Working Committee's last two meetings in Kaduna . An aspect of the resolution obtained by our correspondent stated: “On issues concerning the banking sector, the (ACF) chairman stated that a committee was set up by the National Working Committee in order to address the issue. It stated that 'the North must take advantage of any opportunity of acquiring equities in the banking sector.” The decisions were contained in a resolution reached at the end of its July 1 meeting and signed by ACF's chairman, General I.B.M. Haruna (rtd) and its Secretary-General, Colonel Musa Shehu (rtd). Another meeting held on September 30 also reaffirmed this position. The Nation learnt that more rigorous discussion of the issue took place at the September meeting.The meeting presided over by General I.B.M. Haruna (rtd) exhaustively discussed issues surrounding mobilization of northerners for decisive investment towards acquiring worthwhile equity holdings in the banking industry
