Over d past few days i have been pondering whether our Money is now safe with the the recent alarm raised by Auditors about Nigerian Banks saying "we doubt their state of health" .
IF the verdict of a renowned auditing firm on Nigerian banks is true, then many depositors may soon be in trouble. The auditing firm, PriceWaterHouseCooper (PWC), on Tuesday gave a damning verdict about some Nigerian banks, saying they might not be as healthy as being portrayed by the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC). Still on d issue,the auditing firm, known for its uncompromising stand on financial matters, stated in Abuja that many of these banks were not actually healthy.
The renowned audit firm continued in it's statement on the global financial crisis and implications for Nigeria that some of the banks had already signaled interest in government’s intervention in their operational activities. Furthermore,recent threats have emerged on the arrest of bank debtors and seizure of assets.
It's only reasonable at this point in time to say that most Nigerian Banks are having a rough time which always affect customers directly or indirectly.May GOD help 9JA and may Nigerians also help themselves.
Why not name the specific banks in the report and link to it instead of trying to extrapolate from some specific banks to "most banks". Details matter, man. Don't generalize.
Why not name the specific banks in the report and link to it instead of trying to extrapolate from some specific banks to "most banks". Details matter, man. Don't generalize.
SEUN DON'T BLAME HIM BLAME SANUSI HIS RASH AND CHILDISH ACT IS TO BLAME I WAS IN BAR ON SUNDAY A MAN CAME UP TO ME AND SAID DAT NIGERIAN ALL BANKS R BOUT TO GO BANKRUPT SO U SEE THE NEWS IS ALL OVER THE WORLD SANUSI ACTED IN A RASH WAY
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