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Pls Someone Should Break It Down. This Skyebank News. - Business - Nairaland

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Pls Someone Should Break It Down. This Skyebank News. by zamirikpo(m): 7:55pm On Jul 04, 2016
please guys, i dont really understand what this news means to an average investor/depositor , management changed ,bad liquidity.....etc, to me its all Greek, please can an enlightened nairalander break it down for us.

clues to if

1. people could still withdraw there deposits /saving.
2. the bank folds, how much do depositors get from NDIC
3. they will they sack workers.
4. how can a bank that acquired another bank be in distress.
5. since the introduction of 25billion capital base, i thought it was impossible for banks to get to this point.
6. why would the CBN allow any bank to get this issues.

please ur answers would enlighten us all. cos at it is more banks may still have the same problem, na so e take start before.....
Re: Pls Someone Should Break It Down. This Skyebank News. by hordunayodt: 8:01pm On Jul 04, 2016
It simply means, keep your money where your hand can reach.
Re: Pls Someone Should Break It Down. This Skyebank News. by ojun50(m): 8:18pm On Jul 04, 2016
Yes they we reduce workers or reduce there salary.

NDIC we only pay u 50k any tin above that u are on yr own.
Re: Pls Someone Should Break It Down. This Skyebank News. by zamirikpo(m): 8:24pm On Jul 04, 2016
@ojun50.....i doubt , how can NDIC pay u just 50k......please serious insights please......


@hordunayodt....what if ur money is already out of reach.....
Re: Pls Someone Should Break It Down. This Skyebank News. by ojun50(m): 8:33pm On Jul 04, 2016
zamirikpo:
@ojun50.....i doubt , how can NDIC pay u just 50k......please serious insights please......


@hordunayodt....what if ur money is already out of reach.....

am seriously serious bt nt 100 percent sure
Re: Pls Someone Should Break It Down. This Skyebank News. by paveinc(m): 9:24pm On Jul 04, 2016
only shareholders are at risk of losing their stake,if not all.since the introduction of [i][/i]ndic, depositors dont have to worry about losing their cash..it will take time
Re: Pls Someone Should Break It Down. This Skyebank News. by zamirikpo(m): 10:47pm On Jul 04, 2016
@paveinc, thanks, but what will take time......

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