Intercontinental Bank Cut Salary By 20%;can't Pay Upfront

INTERCONTINENTAL BANK(IB PLC) HAS REDUCED SALARY BY 20% & ALSO CAN'T PAY UPFRONT SINCE JUNE BEGINNING. THE BANK HAS OVER TRADED THE STOCK MARKET AND AS SUCH CAN'T PAY UPFRONT DESPITE POSTING N45 BILLION PBT AND HAVING DEPOSIT BASE OF N1.07 TRILLION. WHAT DOES THIS PORTEND FOR THE BANKING INDUSTRY?I DOUBT IF CBN IS AWARE.WITH A MANAGED SHARE PRICE OF N43 AND FINAL DIVIDEND OF 45KOBO, INVESTORS AND DEPOSITORS/CUSTOMERS ALIKE SHOULD BE ON RED ALERT.IT IS LEFT FOR YOU ALL TO DECIDE.