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Nairaland Forum / Nairaland / General / Politics / Cartels Running Commercial Banks In Nigeria — Senate (12054 Views)
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Cartels Running Commercial Banks In Nigeria — Senate by Adesiji77: 7:51am On Jun 07, 2017 |
…Says CBN policies killing SMEs; plans talks with CBN, banks, NDIC http://www.vanguardngr.com/2017/06/cartels-running-commercial-banks-nigeria-senate/ 4 Likes 2 Shares |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Benjom(m): 7:53am On Jun 07, 2017 |
Re: Cartels Running Commercial Banks In Nigeria — Senate by sarrki(m): 7:58am On Jun 07, 2017 |
Useless senators No single bill passed on anti corruption 9 Likes |
Re: Cartels Running Commercial Banks In Nigeria — Senate by kaboninc(m): 8:02am On Jun 07, 2017 |
These lawmakers sef.. . When they have no solution to our problems, they generate a comic response.. .which one is cartel again? The banks are in for business. They use people's money for business and they must account for it else they pay the price. So as much as possible they invest in if possible zero risk investments. Unfortunately these investments were made possible by the same government for which the Senate is part of. We have very high interest rates because of the peculiar nature of our economy....so many things are just not right. We have a fundamental issue that has to be addressed by the Fiscal Authorities... Please Distinguished Senate, part of this problem is your continued attitude for throwing mombo jumbo when you can't even sit to find a solution to our problems. Thanks. 9 Likes 1 Share |
Re: Cartels Running Commercial Banks In Nigeria — Senate by kaboninc(m): 8:02am On Jun 07, 2017 |
sarrki: Our problem is not corruption. There is corruption even in The Vatican City 5 Likes |
Re: Cartels Running Commercial Banks In Nigeria — Senate by OZAOEKPE(f): 8:05am On Jun 07, 2017 |
sarrki:The best Senate in the history of this country 1 Like |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Rombust: 8:05am On Jun 07, 2017 |
Ok |
Re: Cartels Running Commercial Banks In Nigeria — Senate by MisterGrace: 8:11am On Jun 07, 2017 |
These people don't have names? The interest rates are way too high. They need to burnt to death. 1 Like |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Nobody: 8:23am On Jun 07, 2017 |
High interest rates will chase anyone who has good business idea from going to get loan in Nigeria 1 Like |
Re: Cartels Running Commercial Banks In Nigeria — Senate by sHOTdownHawk: 8:53am On Jun 07, 2017 |
Trying explaining to nigerian why their banks make more money than SA or Kenyan. Nigerian Banks are the biggest thieves in Nigeria. More than all politians together. 3 Likes |
Re: Cartels Running Commercial Banks In Nigeria — Senate by IBBG(m): 9:14am On Jun 07, 2017 |
if the senate can tackle this, then this is the best thing the 8th assembly senate has achieve in this current administration. The interest rates banks charges for SMEs is just criminal. 2 Likes |
Re: Cartels Running Commercial Banks In Nigeria — Senate by calibet(m): 11:33am On Jun 07, 2017 |
This country they fear me ooh. Dont know who to trust again |
Re: Cartels Running Commercial Banks In Nigeria — Senate by jerryunit48: 11:34am On Jun 07, 2017 |
Am laughing |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Ngasky(m): 11:35am On Jun 07, 2017 |
Cartel indeed! Useless sinators is there any law that says if you invest in bank A you can't invest in bank B? Whoever have the funds can invest at his risk in any bank of his choice. And bank must make profits or they will fold up that's the nature of banks worldwide. You can't make them to retain staffs by force rather if they are smart they can make severance pay to be at least 6-12 months salary this will discourage disengagement of staffs, and make it 12 months pay to be paid to contract staffs at the end of their contract or termination of the contract. Also make any bank in Nigeria to retain it's licence must have at least 10 branches in every state and FCT or else they should merge to attain this condition. As for ATM Make every branch must have atleast 4 machines. make it that any machine that is offline for 5minutes the bank should be charged 50k for the first one hour and 10k each for the consecutive hours that it remained offline Also any customer that has funds in his account and tries to withdraw, if the machine doesn't dispence as the customer demands, 50 naira should be immediately credited into his account and 100 naira would be credited to FG. The above will make the banks to be serious about their ATM's and government will generate a lot of revenue 5 Likes 2 Shares |
Re: Cartels Running Commercial Banks In Nigeria — Senate by free2ryhme: 11:36am On Jun 07, 2017 |
these same senators loot and keep funds in these cartel running banks so who is deceiving who 3 Likes |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Tajbol4splend(m): 11:36am On Jun 07, 2017 |
Nigeria system of governance is just unbelievable |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Nobody: 11:36am On Jun 07, 2017 |
The Senate also accused the Central Bank of Nigeria, CBN, and commercial banks of killing the Small and Medium Enterprises, SMEs, with high interest rate, adding that indicators have shown that only about 3% of SMEs starting up in th country had access to credits from banks, despite employing about 88% of the nation’s work force. So, Senate wants banks to lower interest rates In this country? In this economy? Might as well just ask banks to open their doors and dash people money like that. Senate should make condition easier for SME's to operate...like fixing the lights, transport, etc. 4 Likes 1 Share |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Nobody: 11:37am On Jun 07, 2017 |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Edu3Again: 11:37am On Jun 07, 2017 |
Na Dunce dey run 9ja econom. |
Re: Cartels Running Commercial Banks In Nigeria — Senate by magoo10(m): 11:41am On Jun 07, 2017 |
Meanwhile diamond bank charges on my accounts for the past few months is really giving me a cause for concern it is not a good way to encourage businesses.haba 3 Likes |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Guyman02: 11:41am On Jun 07, 2017 |
Cartel is now the new lexicon for Cabal One hour and still very few comments on this topic, everyone is commenting on Biafra and Arewa youths threats 3 Likes |
Re: Cartels Running Commercial Banks In Nigeria — Senate by GeneralOjukwu: 11:42am On Jun 07, 2017 |
Says a Senate led by Bukola Saraki whose family single-handedly ruined Societe Generale and TRADE banks.... 3 Likes |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Nobody: 11:43am On Jun 07, 2017 |
Ok |
Re: Cartels Running Commercial Banks In Nigeria — Senate by AntiWailer: 11:45am On Jun 07, 2017 |
Says SARAKI led Senate Nigeria is a joke. 2 Likes 1 Share |
Re: Cartels Running Commercial Banks In Nigeria — Senate by herkeym001(m): 11:46am On Jun 07, 2017 |
Noted |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Nobody: 11:58am On Jun 07, 2017 |
MMM |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Blue3k(m): 11:59am On Jun 07, 2017 |
Summing up this trash. Until Nigeria brings inflation under 10% banks won't lend at lower rates. No bank in the history of existence will lend you money under the inflation rate. Why would a bank risk capital when it can get higher returning just colletin interest. Trying to get inflation and exchange rate under control would be best long term solution. Yes they are right access to credit is important. Saying banks are cartels when Nigeria as a country is part of OPEC cartel is laughably absurd. 3 Likes |
Re: Cartels Running Commercial Banks In Nigeria — Senate by opalu: 12:05pm On Jun 07, 2017 |
Wow |
Re: Cartels Running Commercial Banks In Nigeria — Senate by Lanretoye(m): 12:21pm On Jun 07, 2017 |
awon vibes cartel .ni. |
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