One of the numerous past motivational messages by Pastor Mensa Otabil, where he expressed fears about going to make a mess of himself, by accepting to chair a banking board without a background in finance has gone into circulation.
It is unclear when this message which has been re-shared this week was recorded, but indications are that, it was recorded whilst Pastor Mensa Otabil, who is also the General Overseer of the International Central Gospel Church (ICGC) was still chairman of the defunct Capital Bank.
“I didn’t have banking training but I’m a chairman of a bank and I was intimated the first time, I said wow!, what am I going to do, I’m going to make a mess of myself,” Pastor Otabil acknowledged.
“But you know, money is so easy to understand, just find where it is coming from and where it is going and that is it," he added.
"Where is the money coming from, and where is it going, track it, and you know, I sit down there and I have all these bankers and people who have all kinds of banking degrees and I ask very simple questions, what about this, what about that, ah! We haven’t thought about that, its just common sense, you look at facts, you query the facts, you demand answers from the facts and you get the answers, it's not just hard.
“If I can do it, and I was horrible with mathematics, still horrible with mathematics but I realise that, really, in finance, you don’t need serious mathematics, it’s just addition and subtraction, that’s all.
“Income, cost, expenditure, net [Voila] and I could do addition, I could do subtraction, I could do some multiplication, some division, if it goes beyond that ,.. I’m just blank. But I just realized that all you need to do is just add up, add up the numbers, subtract and be detailed and be logical and you will understand it, it’s not that tough really.”
Below is a video and transcript of the message
“I don’t need time, too much time to do a lot of things I do, I’m a Pastor of a local church. I’m an overseer of a big church denomination, I’m a Chancellor of a university, I’m a chairman of a bank, I’m a chairman of a pharmaceutical company, I work with an ICT company, I sit on various boards, I run my private consultancy, I sit on think tanks and advisory boards, I do so many of these things and I still jog, I lift weights and I still love my wife, alright. [applause]
How are you able to do all of these things? I don’t need eternity, it’s just efficient work habits and the skills you develop along the way to help you to make decisions very quickly, to manage your time more efficiently and to be able to think through the solutions that people struggle with.
And I just realise I could do that, I mean, I didn’t have banking training but I’m a chairman of a bank and I was intimated the first time, I said wow!, what am I going to do, I’m going to make a mess of myself.
But you know, money is so easy to understand, just find where it is coming from and where it is going and that is it, that's it.
Where is the money coming from, and where is it going, track it.
And you know, I sit down there and I have all these bankers and people who have all kinds of banking degrees and I ask very simple questions, what about this, what about that, ah! We haven’t thought about that, its just common sense, you look at facts, you query the facts, you demand answers from the facts and you get the answers, its not just hard.
If I can do it, and I was horrible with mathematics, still horrible with mathematics but I realise that, really in finance, you don’t need serious mathematics, it’s just addition and subtraction, that’s all. Income, cost, expenditure, net [Voila] and I could do addition, I could do subtraction, I could do some multiplication, some division, if it goes beyond that ,.. I’m just blank. But I just realized that all you need to do is just add up, add up the numbers, subtract and be detailed and be logical and you will understand it, it’s not that tough really.
Source: Graphic Online
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This should be a lesson to cooperate organizations going forward. There're somethings prayer & fasting and eloquence can't change. How could the man of God who spend most of his time studying and preaching the gospel be tapped to chair a bank board?, a position knowledge and experience is always required. I tax on regulators to leverage this crisis to heavily regulate the banking industry
By their fruits you will know them. Continue exposing your self n underbelly. Premonition indeed
Arrogance killed this man!!!
Mat16:18
The LURE OF MONEY is often stronger than COMMON SENSE!!
No wonder your bank failed. You underestimated the dictates of your job. Banking is more than addition and subtraction. Those are for operational staff. Your job was strategic and you failed woefully. If you admitted it's about tracking the source and destination of money then you must surely be aware of where the money that came from BOG went. That is what we are mad about.
Wow!!!!!!!. For lack of knowledge my people are destroyed says the Lord ooooooooo Pastor. Hmmmmmmmmm
just a charlattan period.destroyed several families through negligence,4th generation thinker indeed,caused multiple families to go hungry yet he had money to buy a ranch and send his kids outside university hypocrite,they're all the same.
some of the things he said are true but he fell from his high horse because of arrogance, greed and pomposity. There are people sitting on boards all over the world, some of them not having any training in finance. Others sit on huge hospital trusts managing budgets equivalent to some countries budgets. Others who are partners and directors of law firms with only scanty knowledge of the law. Some are editors of newspapers but do not know they way to journalism schools. You can be in those positions if you are humble and want to learn. This mans utterances and behaviour show that he is not humble. He thinks he is better than everyone so he strategically affiliated himself with those in the political circles to have his way. I remember very well at the inception of his church i think after about three years he schemed to become the head of the Christian Council. When it backfired he was so bitter and tongue lashed the christian council. That is why his church was never part of that fraternity. I do not know if he has corrected that but i doubt it. His supposed motivational speeches are just self aggrandisement and talking down at people.