Greetings,
I need a little help here! I've been reading all sorts of scary news lately about the uncertainties in Nigeria's banking sector.
More especially, the "prophecy" by different economists and financial analysts that 2016 promises to be tougher than we all imagine. Now my question:
Is it advisable to go withdraw my money from the bank, save it the traditional way, and then prepare for the worst?
I don't trust this bank people. Perhaps tomorrow, minimum deposit would skyrocket to 100k and the lying liars would start blaming GEJ while the yam eaters in power would tell me stories concerning my money.

Pls advise.

All bank deposits are guaranteed and insured by the NDIC.....

I know.
Is there any possibility of increasing minimum deposits, increasing COT or even reduce daily withdrawals further? Is it better to convert the cash into landed properties?
Having cash now and lands, Which one is advisable?
I'm not very familiar with economic and financial forecast.

8 years later...

I want to sell my 3 bedroom flat domiciled at owerrinta abia state. Same location with Nigerian Navy School of Finance.
Interested guys should email me : nkembch@gmail.com
Price is good.