Comments on: A Clamour for more Information

By: tunde alaa

tunde alaa — Thu, 09 Jul 2009 08:04:04 +0000

One important assignment sanusi lamido should not fail to do is curbing our banks from defrauding the public, in recent time with the introduction of atm all over the place, banks now make it mandatory for customers to withdraw their money from the machine if the amount is below certain figure, this is good but the point is that you get to these banks, their atm will not work and their officials will advise you to cash your money from the counter, after taking the money you will now be penalised for not using the same atm that earlier tells you that the financial institution in not available on the network. This has happened to me several times, Skye bank is the worst culprit in this case, CBN govnr should please call the bank to order and some othe culprits.

By: Patrick Agbobu

Patrick Agbobu — Wed, 08 Jul 2009 21:22:40 +0000

Mr Sanusi I watched your confirmation in the senate, you are a straight shooter and you are fearless. You should come out and tell Nigerians the truth, about the health of most of our banks. Majority of the banks are very stressed and will very soon go under. Their stock in trade now is, to go all over the world, asking people to buy shares in their banks. What they do with the money, they are collecting from these innocent person, nobody knows. There are no manufacturing and sustainable business sectors in Nigeria, so where are they jnvesting the money. Can you say categorically, that the Central bank of Nigeria, knows where the money is, or are they using the money, to pay themselves fat salaries and allowances? This is a worrying situation and it must be properly investigated and explained. From information available only about 5 banks in Nigeria are in fairly good shape.

By: Ben

Ben — Tue, 07 Jul 2009 14:56:23 +0000

Let us stop scape-goating Bankers.

Finance people from bank, insurance, stock brokers etal, are generally crooks that occupy prime position in religious organisation. They are the round trippers as well are swindlers of poor salary earners. I tell you; UBA, without adequately educating my uncle, a police sergent ,gave him a loan and today he pays with all his salary monthly, leaving nothing for him to at least carter for family needs.

GOVERNMENT SHOULD BEAM HER SEARCH LIGHT ON THE ACTIVITIES OF FRAUDSTARS MASQURADING AS BANKERS IN SOME NIGERIAN BANKS.

By: Mr. M

Mr. M — Tue, 07 Jul 2009 14:04:09 +0000

Hey guys let FREE MARKET SYSTEM work, banks are not charity organizations, if any one of them charge too much fees, close your account and move your money to another bank after you have not properly researched them very well, at least Nigeria now have many good banks to choose from. I honestly think that Mr.Soludo single handedly saved Nigeria by heading the reform of Nigerian bank. We still expect more growth, I can honestly say that Nigerian banks are now operating at high levels.

By: Segun

Segun — Tue, 07 Jul 2009 00:46:56 +0000

I am of the opinion that Nigeria banks are waking up. They are now specializing in segmentation and performing above average despite the downward economic trend which is not peculiar to Nigeria alone. Oceanic bank is noted for Housing and Estate Development, Diamond Bank is noted as Bank of the Masses, Guaranty Bank is known for short term investment, Intercontinental Bank is noted for helping Masses with low collateral base to establish, First Bank is a general high income base supporter with solid collateral while Union Bank is noted for Agriculture. Stanbic Bank is for the wealthy etc. Above all nearly all of them are high on interest rates and bank charges except First bank that seems to be the most stable and reliable banking institution in Nigeria. I just love the dynamic change and I wish to be part of the Information Technology change that may revolutionize banking sector in Nigeria. Second to First Bank is Intercontinental Bank while the successes in UBA and Zenith needs to be improved. i will score all of them low in relationship banking and very very low in Agric. banking. Overall bank performance in Nigeria is far better than a decade ago. Let there be more positive changes and they also contribute towards energy growth with more government concessional rebates and encouragements.

By: Bernard

Bernard — Mon, 06 Jul 2009 13:15:39 +0000

Why has Oceanic Bank not paid dividend since 2007? Or are they using shareholders’ dividend for their daily operations???

By: Akinsola

Akinsola — Mon, 06 Jul 2009 10:08:18 +0000

As far as I know, nobody will charge me without getting to know what charge we are talking about.For UBA, people talk about it in a nasty manner especially the Bank’s charges but let me make u understand the fact that all businesses are there to make or maximize profit and get to pay her work force.

By: Oye

Oye — Mon, 06 Jul 2009 09:30:52 +0000

Omolola, I agree with you!! The general feeling in the public is that UBA is very “fraudulent” in the way they keep introducing various charges that cannot be backed up in the bankers tarrif.

As far as disclosure goes, the general belief in banking is that GTB has one of the best levels of disclosure and least levels of cooking the books.

By: STO, Toye

STO, Toye — Mon, 06 Jul 2009 08:03:25 +0000

Which amongst these banks can we really exenorate??? Incindentally, these are our brothers and sisters who occupy front seats in the Churches and may be the Mosques too. Hypocrites ALL!!!

By: omolola

omolola — Mon, 06 Jul 2009 00:29:19 +0000

UBA is a fraudulent bank, when it comes to hidden charges they take the cake.