Banking in Nigeria has greatly advanced. In the past, you will find long queues but today the opposite is the case. Many of them have embraced technology and have simplified the banking process. Regardless, there are still some annoying things that these banks do that are very frustrating. In line with this, Jumia Travel, the leading online travel agency shares some of these things.

Asking you to bring utility bill to open an account

Whenever you visit a bank in Nigeria to open an account, you are asked to bring a utility bill to confirm your address. Sometimes you begin to wonder, what you really need a utility bill for when you have BVN. BVN has every information about an individual including the fingerprints. You cannot change your fingerprint but you can change your address.

They deduct your money due to unnecessary charges

You know one of the annoying alerts you get every month are the charges from your bank. The way some banks remove your money will tempt you to go to the bank to withdraw all of it and transfer it to another one.

They cannot process your complaint because your names are different

If you use two names in one document and use three names in another document, some banks will never accept or process the document from you. They will tell you the process may get stuck because of the name difference.

You have to wait for days when the ATM refuses to dispense money and you have been debited

A faithful morning, you use the ATM of another bank to withdraw but the ATM refuse to dispense and your account is debited. Just be prepared for a long battle with your bank because you will not get your money back in 24 hours. First, you have to complain to your bank for them to reverse and depending on the bank, it can take weeks or months. If you don’t have money, you are on your own for that day. The question is why can’t they reverse it immediately?

And you need money urgently and they tell you ‘no network’

You don’t have money and you have tried several ATMs and they are not dispensing cash. You have no choice than to withdraw money at your bank. You walk into your bank and they tell you that there is no network, you will just get frustrated. The annoying thing is that if there is no network at that branch, it will be same at other branches. And without the network, they cannot do anything! Just start praying that the network comes back!

Source: http://www.opinions.ng/5-annoying-things-nigerian-ban/

Lalasticlala talk true, you have had one or more of such experiences. Seun told a story once.

it's not a lie, especially the deduction of money every month, may GOd help us

Server is down
That is the statement that annoys me the most

The management and board of Nigeria”s foremost bank, First Bank, have a lot of explanation to do to the Nigerian and global audience particularly their customers over alleged underground financial recklessness going on in the bank in which top management and board members have been fingered as masterminds.

The full details of the dealings contained in a petition by a human rights group obtained by thegazellenews.com revealed that about N50 billion was involved in the spurious loan deals which revolves around the top management and board members of the bank.
The petition, by the Social and Economic Rights Derivatives Centre, thegazellenews.com can revealed, has been forwarded to various agencies, institutions and top government officials in the banking sector for action and investigation.

The petition signed by the Executive Director of the group, Comrade John Eyinayya and dated April 12, 2017, has been forwarded to the following:
The Economic and Financial Crimes Commission (EFCC)
The Governor of the Central Bank of Nigeria (CBN)
The President of the Senate,.Senator Bukola Saraki
The Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara
The Chairman of the Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Adebayo Ibraheem
The Chairman of the Presidential Committee on Corruption, Professor Itse Sagay.

A copy of the petition currently in possession of thegazellenews.com, the Social and Economic Rights Derivatives Centre is asking the aforementioned bodies to investigate the Chairman of the FBN Holdings Plc, Mr Ayoola Oba Otudeko; former Group Managing Director of the bank, Dr Bisi Onasanya; and former Chairman of First Bank, Prince Ajibola Afonja over alleged “financial recklesness and dangerous insider deals”.
In the petition, the human rights group wants the Group Chairman of the FBN Holdings Plc, Mr Ayoola Oba Otudeko investigated alongside with the management of First Bank for allegedly collecting N29 billion from the bank through FBN Trustees and having the said loan curiously and dubiously written off without the knowledge and consent of the bank’s shareholders.
Thegazellenews.com also gathered through the petition that Otudeko also took a N9 billion Sun Trust credit line from First Bank without following due process.

It was also alleged that an unspecified huge billions of naira was allegedly siphoned from the bank through a company named Sinod Petroleum while the sums of N4.82 billion and N4.7 billion were suspiciously and dubiously released to Broadwaters Resources Limited and Nujutek Nigeria Limited respectively without due process. In her internal audit report, the Client Audit Executive of the bank, Uduak N. Udoh, submitted thus:
“The term loan of N4.7 billion approved in August 2015 but disbursed to Nujutek Nigeria Limited in October 2105 purportedly to commence Terminal Shipping Operations and Logistics was packaged and approved without proper credit analysis and due process.
“The facility was purposefully arranged to pay down the facility of N4.82 billion, packaged in the name of Broadwaters Resources Limited in February 2015.

The approval process and grid for this earlier loan was also intentionally circumvented by top management staff of the bank”.
Apart from Otudeko, other top former and current staff fingered in the huge loan scam are:
Bisi Onasanya, former GMD/CEO with staff number 013946
Abiodun Odubola, former Executive Director of the bank with staff number 023687
Cecilia Majekodunmi, ex-General Manager with staff number 007240
Omolade O Olawore, former Deputy General Manager and ex-Head, Credit Risk Management Department with staff number 019379
Olayemi O Agboola, Deputy Manager, Credit Analysis and Processing Department with staff number 019368
Nwanguma Olufunmilayo, Assistant General Manager and former Group Head, CBMG, Lagos Island with staff number 026562
Nduka U Dike, Manager who is the Business Manager of CBMG, Marina Lagos with staff number 025515 and
Idode Stephen Ikhazuagbe, Relationship Manager, CBMG, Marina Lagos with staff number 026536.

The petitioners viewed the underground financial dealings going on in First Bank as a big threat to the development and growth of the nation’s economy hence the need d it to be properly investigated with perpetrators made to face the wrath of the law.

https://breaking.com.ng/nigeria/exclusive-n48b-loan-fraud-rocks-first-bank-how-otudekos-n29b-loan-was-written-off-without-due-process-other-details/

Suffering and smiling.....

Like if you think Ecobank and GTB bank are most guilty of all these accusations.
Share for other banks.
My Keystone bank is the best for me.
No yeye charges

*yawns*

The utility bill is the most useless part of it.
I pray we get there, when with a NIN (National Identity Number) we can open an account.

Funny. It took access bank four good months to correct their mistake on my bvn

ACCESS BANK all d way

Op u r Damm ryt..

A bottle of shekpe for OP! But don't get drunk...

Sincerely I hate banks but do I have a choice

The answer is "NO". Just have to put up with their unnecessary demands and charges...

Like recently, dom account I opened since on the 3rd of this month isn't ready until now... Imagine

Nice one OP

I'm currently battling no.4 with GTB. It's over 3 weeks now and they're still yet to reverse the failed ATM transaction. Very frustrating to say the least

Opinionated:
Banking in Nigeria has greatly advanced. In the past, you will find long queues but today the opposite is the case. Many of them have embraced technology and have simplified the banking process. Regardless, there are still some annoying things that these banks do that are very frustrating. In line with this, Jumia Travel, the leading online travel agency shares some of these things.

Asking you to bring utility bill to open an account

Whenever you visit a bank in Nigeria to open an account, you are asked to bring a utility bill to confirm your address. Sometimes you begin to wonder, what you really need a utility bill for when you have BVN. BVN has every information about an individual including the fingerprints. You cannot change your fingerprint but you can change your address.

They deduct your money due to unnecessary charges

You know one of the annoying alerts you get every month are the charges from your bank. The way some banks remove your money will tempt you to go to the bank to withdraw all of it and transfer it to another one.

They cannot process your complaint because your names are different

If you use two names in one document and use three names in another document, some banks will never accept or process the document from you. They will tell you the process may get stuck because of the name difference.

You have to wait for days when the ATM refuses to dispense money and you have been debited

A faithful morning, you use the ATM of another bank to withdraw but the ATM refuse to dispense and your account is debited. Just be prepared for a long battle with your bank because you will not get your money back in 24 hours. First, you have to complain to your bank for them to reverse and depending on the bank, it can take weeks or months. If you don’t have money, you are on your own for that day. The question is why can’t they reverse it immediately?

And you need money urgently and they tell you ‘no network’

You don’t have money and you have tried several ATMs and they are not dispensing cash. You have no choice than to withdraw money at your bank. You walk into your bank and they tell you that there is no network, you will just get frustrated. The annoying thing is that if there is no network at that branch, it will be same at other branches. And without the network, they cannot do anything! Just start praying that the network comes back!

Source: http://www.opinions.ng/5-annoying-things-nigerian-ban/

....Good one

Who do banks when I have my wooden box? Very reliable and stress free, all I need to do to collect my money is to find a very good hammer.

Okaakoko:
Funny. It took access bank four good months to correct their mistake on my bvn

Lol, but to collect their monthly money from it will take them only a second.

alexistaiwo:
Like if you think Ecobank and GTB bank are most guilty of all these accusations.
Share for other banks.
My Keystone bank is the best for me.
No yeye charges

Have u heard of fidelity Bank? They deduct money without any reason or alert.

Hmm

Just here to say GT bank is a fraud.
Seriously we don't have a financial institution in this country.
We are so outdated in every aspect of our lives, I begin to believe something is either wrong with the Nigerian air or water.

Ginaz:


Lol, but to collect their monthly money from it will take them only a second.

I tell you.
They interchanged my first and middle name. To correct that alone, it took them from late November 2016 to second week of April.

All dis banks and dre wahala eehn. Dat was aw first bank deducted ma cash fr no reason, went to complain and it took dem like forever to reverse it. Mscheew! D branch manager had to pay me up frm his purse sha o.

long ATM queue is anoda issue

"No power supply and our generator is faulty... the engineers are on their way from PHC. Hope the person you're sending the money to isn't expecting urgently cos we might not be able to post it until power is restored "

ok

Na Network Customer care own dey vex me pass!!!

They know they couldn't get it done and you'll hear...

"We apologize for the inconveniences, can you hold on while I run a check on your line? (Na lie ooo, dem no run anything ooo) They play that jingles of theirs and come back, "Sorry, the server is down now and I couldn't run the check, kindly call us back"

Noted

Opinionated:
Banking in Nigeria has greatly advanced. In the past, you will find long queues but today the opposite is the case. Many of them have embraced technology and have simplified the banking process. Regardless, there are still some annoying things that these banks do that are very frustrating. In line with this, Jumia Travel, the leading online travel agency shares some of these things.

OP, there are still long queues. E be like say you never see First Bank and UBA ATM queue before.