CBN has given too much power to the Nigerian banks, hypothetically the banks should have the view of achieving a common goal, To work towards creating an ideology that will benefit the economy as well as giving them their level of desired Profit "legally".....its a shame that the body governing all the financial institutions in the country is asleep, either intentional or not..BANKERS are liars, they are killers all the same, they play the largest role in the mirage of problems that tends to beset the Nigerian economy, (when I say BANKERS, I am not talking about the minute workforce) too much indemnity that works vaguely in the direction of the masses and too favorable for them (bankers) in terms of profit....CBN should prove to NIGERIANS that it is gallantly awake by reducing, in fact by delimiting the amount of money that can be FIXED or transfered from the consolidated revenue fund account, federation account,contingency fund account as well as the development fund account to individual or body corporate account to the Minimum...By now you should know where I stand, what I want to achieve through this write up the. Cardinalist approach to the theory of consumer behavior states that"Human wants are unlimited and they are of different intensity. The means at the disposal of a man are not only scarce but they have alternative uses. As a result of scarcity of resources, the consumer cannot satisfy all his wants"......also the law of DIMINISHING marginal Utility describes a familiar and fundamental tendency of human behavior. The law of diminishing marginal utility states that, “as a consumer consumes more and more units of a specific commodity, the utility from the successive units goes on diminishing”...............
GOD help us if they continue like this....