The founder of IrokoTV rips into the Nigerian banking sector and deems it to be ineffective in helping young companies grow.

He chronicles his personal experience with Zenith Bank and suggests that the banking sector is corrupt, incompetent and unwilling to actually help create value.

In his words: "An investor once told me that Nigeria is basically owned by 200 families. And maybe every 25 years, 5–10 join their ranks. It appears the Nigerian banking sector is for them. The rest of us are just here to spectate and fund their party. Then wallow in the mess they create.

For me. Fv3k Zenith Bank PLC and their like."

Please read more at http://amore.ng/are-nigerian-banks-useless/

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