Please go and withdraw all your money. Before they will trace Dusunki looted money to your accounts. Thank me later

I blame buhari for this mess

How does this long write up concern me when i have my iron saving box

davide470:
I wonder why people are panicking. Banks cannot just fail again as the likes of what happened during Sanusi era.

Now we have AMCON! and a functional CBN.

In other news, if you work in a firm (banks or what-not) and the Chairman of the firm associate with some political undertones, please start looking for an EXIT! Fast..



..and I pity those who bought Skye bank shares though.. (-9.5% in one day!)

the banks in USA that crashed nko

iyatrustee:
Unfortunately, this is Nigeria!

I remember being in this situation as a marketer for Union Bank when Sanusi changed our management. You would preach a whole sermon convincing them that their deposit is safe. They have made up their minds to move their funds.

People are too afraid of our systems that they play it safe. Some would tell you they have lost monies in Societe General and Savannah banks and do not want a repeat.

Sad truth is that some bank marketers are going to meet their targets effortlessly now as those panic withdrawals are going to other strong banks.

I heard first bank is having issues too? Can anyone corroborate?

And Skye bank is still sending SMS to me on an account I abandoned years ago, even before the BVN issue.

Which First bank? Abeg no play that play near me oooo. I no wan hear story. I'm going to withdraw all my money from first bank on Thursday before I the thing enter voicemail.

If the country were well organised with everybody earning income having access to credit, there would have been no need for banks to be overly exposed to the troubled oil and gas sector. Skyebank was exposed to a threshhold of 700 billion but the money is not lost as it is collaterised but it is not performing. Whose fault? Government's fault. They are the ones supposed to organise the country. There are people employing 20 people paying salaries without fail for 10 years in this country with no access to credit. I have been there.

We never expected them to tell us our money is no save..... If everybody starts running to skye bank how many will be paid.

My advice..... If u can pull a little do it. Its better u loose some than to loose all.

But then in this 21st century bank aint supposed to close....just totin..

OlujobaSamuel:

it's true, first bank is having issues, uba is also having. uba is not as much as that of first bank. let's hope they all won't go down.
to cbn, how was Skye alloed to acquire afribank despite having all these issues?

Fraud

bikerboy1:
Ramadan break should allow me withdraw my money before it enters voice mail. Mbok!

Chill... Your money is secure.

The CBN took this action not because the bank is distressed, but because they want to prevent that risk. So Skye is not distressed.

Moreso, your money has been insured by NDIC. So relax and enjoy the elongated Sallah break.

thanks OP

OlujobaSamuel:

I understand you. I'm not comparing. it's wrong for me to do such, uba is not too serious like that of Skye and first bank.also note that all this organization doctors report. Remember oando declared huge loss in its last FR, most financial analysts still believes that report is a scam, but the reasons for such is still not known.
let's hope for the best.
The sun is still enough to dry the cloths on the line.

Please no public company can doctor their financial report not when their books are audited yearly to avoid financial misrepresentation by external auditors..They simply cannot do it cos the fear of SOX is the beginning of wisdom.

Chukzyfcb:


It seems u r monitoring thesituation like me too, lol those 4 banks only are in the safest position for now after 2015 financial report then maybe Fidelity following slightly

What about Diamond bank if inmay ask? Hope they have a bright present n future.

teekrackz:

Chilex they are nt collapsing, ur wife's money is safe.

Thanks man, I'll let her know this.

oshiokpu:


Please no public company can doctor their financial report not when their books are audited yearly to avoid financial misrepresentation by external auditors..They simply cannot do it cos the fear of SOX is the beginning of wisdom.

they do doctor report bro. US even sanctioned VW recently for doctoring a report on environmental issues or so.
it's illegal,yes, but they do it to avoid some other form of scrutiny in the hope that they won't be caught.

mradjoy:
I have an inactive savings and current account with them, but my wife's life savings is with this stupid bank.

If I may ask you Sir what made the bank a stupid bank? Look at the macro economy and tell me that everything is alright. And how much is your wife's fund?

imakewealth:


If I may ask you Sir what made the bank a stupid bank? Look at the macro economy and tell me that everything is alright. And how much is your wife's fund?

Firstly thanks for asking, did you see the humongous amount Tunde Ayeni is owing the bank? if not go ahead and do a google search about him and Skye Bank along with all Tunde Ayeni's crony capitalism and cronyism.

Now looking at macro economy of Nigeria, we all know it isn't smiling at the moment, but this isn't the bank's problem because Ayeni's cronyism hasn't just began, e don tey well well. And why would you or anyone blame the woes of Skye Bank on the economy when we all know that the current economic downturn just started less than a year, Ayeni and his cronies failed to service their loans for years and here's the aftermath of unserviced loans.

Now ask yourself my friend, what if these loans had been given to serious minded people/businesses, would it have had same effect as that of Tunde Ayeni's cronyism of loans without interest? I believe otherwise!

Lastly, my wife isn't a millionaire yet, but she disclosed to me she's got up to few figures less than a 1M with them, the funniest part is that she's been trying hard since the inception of this account to register for internet banking, mobile banking but couldn't simply because of one problem or the other from her branch, even the ATM that was issued isn't gonna work till tomorrow!

As a Techie guy, I would have been of help by moving her fund to other bank sharply had all the avenues to do this wasn't blocked by this block head bank!

My brother can you now see reasons I called this bank stupid out of annoyance! even though CBN assured us that we are safe with skye bank in the meantime, now if you're in her shoes will you handle this case with kid gloves?

Won't depositors quickly withdraw their hard earned money? Once bitten,twice shy!

mradjoy:


Firstly thanks for asking, did you see the humongous amount Tunde Ayeni is owing the bank? if not go ahead and do a google search about him and Skye Bank along with all Tunde Ayeni's crony capitalism and cronyism.

Now looking at macro economy of Nigeria, we all know it isn't smiling at the moment, but this isn't the bank's problem because Ayeni's cronyism hasn't just began, e don tey well well. And why would you or anyone blame the woes of Skye Bank on the economy when we all know that the current economic downturn just started less than a year, Ayeni and his cronies failed to service their loans for years and here's the aftermath of unserviced loans.

Now ask yourself my friend, what if these loans had been given to serious minded people/businesses, would it have had same effect as that of Tunde Ayeni's cronyism of loans without interest? I believe otherwise!

Lastly, my wife isn't a millionaire yet, but she disclosed to me she's got up to few figures less than a 1M with them, the funniest part is that she's been trying hard since the inception of this account to register for internet banking, mobile banking but couldn't simply because of one problem or the other from her branch, even the ATM that was issued isn't gonna work till tomorrow!

As a Techie guy, I would have been of help by moving her fund to other bank sharply had all the avenues to do this wasn't blocked by this block head bank!

My brother can you now see reasons I called this bank stupid out of annoyance! even though CBN assured us that we are safe with skye bank in the meantime, now if you're in her shoes will you handle this case with kid gloves?

Pls pls pls pls, remove her money, no sentiments
There're 24 other banks

stagger:
What I cannot understand is this:

Why would any member of the board of directors, the Chairman, MD or anybody in such positions be allowed to borrow such staggering amounts of money from banks they are supposed to be administering? Does this not constitute conflict of interest? N82billion owed by a director? N109 billion incurred by the Chairman? Gracious me!

Having insider related loans is not a bad thing...so long as due process is followed with clear intention of duly running it to perform. You would not even expect a director of bank A to go do his banking transactions with a rival bank just because he's on your board. On the contrary...It should be a symbiotic relationship where you gain from each other.

sunjos79:
Won't depositors quickly withdraw their hard earned money? Once bitten,twice shy!

The essence of this post is to enlighten the public and assuage them on the need not to panic.

You are not helping the economy by encouraging a run on the bank. Not even the so called healthy banks can withstand a run.

There are people's fathers, mothers, sons, daughters, sisters, brothers, aunts, uncles, cousins, friends, etc working directly and indirectly with the bank. You endanger their source of livelihood with such advice.

l recently opened an account there. how come i didn't hear this

I recently moved to live in Oklahoma City. I could not find a branch of Chase Bank in this city. Then I managed to find the site usa-banks.info/chase-bank/oklahoma/oklahoma-city/. There I managed to find the location and working hours of this bank. To quickly find the desired bank branch, you just need to enter the address or phone number.