Hello all,

Banking in Nigeria has been such that as a customer of a bank (none of them left out), you hardly earn a paltry 3-4% per annum while when you turn to the same bank for personal loans or small business loans (a core function of bridging the deficit side of the economy), they give you all sorts of pre-requisites and ask you to pay as high as 30% per annum (if at all you meet those requirements) on your money and other customers' money, with the excuses that they have to service power costs, high rent cost on big spaces they occupy, unnecessary high fixed cost like branch vehicles, huge salary wages they pay many of their unfriendly staff (both junior and top management). This is killing economic activities in Nigeria, driving businesses down and creating problems for many.

Even the new consumer finance banks (you know them) have become worse, offering loans for as high as 70%, 80% per annum. Yes they were able to alleviate the problem of long requirement list of their big brothers, they are beginning to expand their fixed costs which they eventually pass onto desperate customers who are in emergency situations. Seems like they are compounding borrowers' problems?

A company is poised to launch the Bank of the Future, Bank for Today! (Bank for this generation), where Nigerians are offered efficient credit-risk allocation at the most competitive returns and best borrowing rates coupled with exceptional service delivery! The vision is to offer Nigerians single-digit borrowing rate and solve problems for many people! Sounds crazy right! (as low as 1% per month). We are looking for those that think they are crazy and passionate enough to disrupt the Nigerian Banking Sector! (Professionals and Disruptive Investors)

We are in the process of putting all requirements in place and also putting the right team together. The team will eventually include management consultants, ex-commercial bankers/ investment bankers, lawyers, accountants and financial analysts.

If you believe you share similar vision of disrupting the Nigerian banking space, let's meet you to rub minds! send an email to:admin@angelstartups.com.ng with the subject: Bank of the Future, Bank for Today!

Come 2016 onwards, Nigeria will witness a banking revolution!

Be prepared!