Banks Set To Close Many Of Their Branches

When a lot of banks were busy opening mega (unnecessary) branches the public and all this fake shareholders association was busy praising them.

The truth is that the rate at which banks were opening branches in Nigeria compared to the rate at which the  number of people depositing or opening account with the banks did not correlate. Now that they have come backto earth they have no choice but to close unprofitable branches.

And the CBN must not move the December deadline no matter what. We need to know the truth state of these banks becasue a lot of them were busing borrowing money from other banks to pad their cash balance sheet. After reporting their financial result they will them return the money to the other bank that will be releasing it own result in 3 months time. With a unified result of  December  31 everybody releases their result within the same period.

All this stuff is what Soludo should have done before it  got out of hand.