By Suoyo Ekubo
The Rivers State University (RSU), on Wednesday held its 81st Inaugural Lecture centered on the topic ‘Eating well and sleeping well in fragile financial markets: the banking trilemma and corporate financial puzzles’.
The Inaugural Lecture which was delivered by Prof. Adolphus Joseph Toby at the University Senate building, was to show how the policy action of the Central Bank of Nigeria and Banking institutions affect the depositors.
The Vice Chancellor of the University, Prof. Nlerum Sunday Okogbule, in his remark said, “Today is another special day in the history of this university. because, today we are witnessing the 81st Inaugural Lecture of this university. This Inaugural lecture today is particularly unique because it is coming from one of the biggest masquerades of this university.
“Inaugural Lectures play important role in the academic life of any university. It enable Professors to disseminate to the University community and the outside world the result of their several years of research in their area of specialization.
“Such knowledge can ably be used either by government policy makers or industries to promote development in the society. It is also an avenue for showcasing or marketing the University to the outside world.”
In his Inaugural Lecture Prof. Adolphus Joseph Toby spoke about need to know your bank. He argued that that between 2007 and 2009 the banks in Nigeria have been eating well and sleeping well while Nigerians are not sleeping well.
While speaking on the banking trilemma Prof. Adolphus Joseph Toby, opined that when a bank is robustly liquid there is a high profitability. He faulted the CBN for not properly regulating and managing the finances of the country. However, he concluded that the CBN must change how it does business, he added that they should allow informed people to also serve with the monetary policies.
The ceremony was attended by His Excellency Gabriel Toby, former deputy governor of Rivers State, the Vice Chancellor of the RSU, Prof. Nlerum Sunday Okogbule, HRM King Dandeson d. Jaja Jeki v ,Treaty king Amanyanabo of Opobo, Members of Senate Lecture Committee, former VCs of RSU, Professors and Students to the University.