Looking at what's happening in Cyprus I forsee the same thing happening in Nigeria within the next few years.

Cyprus needed a 'bailout' as external debts became due (bonds).

So the Govt is raiding people's accounts in order to repay these debts (up to 40% being taken from people)

The depositors are helpless and just have to accept the 'daylight robbery'.

So given the ridiculous amounts we (the govt) borrows, when these debts become due what do you think the govt will do?

Funny..... It won't happen here.

But even if it will, kobo they won't find in my acc