kennygee:
Na wa o. I could have swore diamond bank is doing well.

Aquariann:


Or you'll rather they go the way of societal general bank and co so people can wake up one day and hear that they've lost all their life savings?

Don't blame Buhari, blame the banks' management who were busy throwing investors money about like father Christmas rather than engage in proper investment banking. Their woes didn't start under Buhari.

It is just a matter of time for another job loss in the banking sector, when skybank acquired main street bank (former Afribank) after about 6months plus I know a few staffs who lost their job
Ps, can you show me a link where employees of the recently acquired Skye bank lost their jobs after being acquired by Polaris bank.

DWJOBScom:
Not Diamond Bank!
Access bank can’t afford to acquire DBN

Aquariann:


Or you'll rather they go the way of societal general bank and co so people can wake up one day and hear that they've lost all their life savings?

Don't blame Buhari, blame the banks' management who were busy throwing investors money about like father Christmas rather than engage in proper investment banking. Their woes didn't start under Buhari.

Ps, can you show me a link where employees of the recently acquired Skye bank lost their jobs after being acquired by Polaris bank.

Aquariann:


Yinmu. Didn't you read where it was stated that Diamond officials were the ones that approached Access bank, cap in hand?

If dead Eco bank could acquire the almighty Oceanic bank, anything is possible.

Na only Pascal Dozie I dey pity. Watching his son run down an empire he built.

alsudan:
Buhari why? See the number of banks you have liquidated. Can't count the number of friends that lost their jobs in the banking sector alone since you became President. You can still leave that office honorably or be disgraced next year.

Topmaike007:
which type of thing is dis one,if access bank buy Daimond bank,I no use Daimond bank be dat again.acess bank no be bank at all...

Acjohn:
If access buy them I go change bank be that, too many complaints from Access customers

Acidosis:


Instead of reading through annual reports of these organisations, Nigerians would rather sit back and rely on hearsays and public opinion. It's not by name or coziness of banking halls o.
I'm so not surprised seeing this report.

Acidosis:


Instead of reading through annual reports of these organisations, Nigerians would rather sit back and rely on hearsays and public opinion. It's not by name or coziness of banking halls o.
I'm so not surprised seeing this report.

Aquariann:
Good. Another one about to bite the dust. TSA and BVN is really exposing these Nigerian banks. Once upon a time, they were busy giving huge loans to characters like Ben Bruce and other Nigerian billionaires without collateral. After all, several government agencies had multiple bank accounts with them, so no shaking.

Sponsoring politicians was the order of the day as against giving loans to promising small and medium scale businesses whom they'll demand your left kidney and grandfather's balls as collateral in return.

Now, no more excess and free government money, Ben Bruce and co can't repay their bank loans, they are all running around like headless chickens.

After Skye bank, who would have believed Diamond bank is not stable?

nopretense:


Bank with Uba!
That bank is a silent achiever with brilliant and experienced Managers.
Ask pple dat r way conversant with the banking sector

Aquariann:


Yinmu. Didn't you read where it was stated that Diamond officials were the ones that approached Access bank, cap in hand?

If dead Eco bank could acquire the almighty Oceanic bank, anything is possible.

Na only Pascal Dozie I dey pity. Watching his son run down an empire he built.

kennygee:
Na wa o. I could have swore diamond bank is doing well.

darqly:


Ecobank was never dead, people just look at Ecobank Nigeria and fail to realize the parent company ETI is one of Africa's biggest banks.
Oceanic was a disaster waiting to occur, anyone in financial circles could see it, even them. The only mighty thing about them was their pay, Oceanic staff acquired by Eco are some of the most ill-trained and uncouth workers in the industry.

DBN focused on the wrong strategy in my opinion and were striving to enter tier one status instead of solidifying tier two status. Access bank is a proxy GTBank, and if they don't watch it, will inherit all of GT's problems with none of the innovations.

Yoighaman:


STB acquired UBA, don't forget that.

DWJOBScom:
Not Diamond Bank!
Access bank can’t afford to acquire DBN

Aquariann:


Lol. The dead comment wasn't supposed to be taken literally. For all their shitty services, I have two accounts with them.

Was just trying to explain to the fella I quoted it's not by packaging and pretty front desk girls.

At bolden, me thinks it's a result of inexperience in the part of Uzoma. He was an outsider to the system.

Acjohn:
If access buy them I go change bank be that, too many complaints from Access customers

Aquariann:


Exactly what I just mentioned, dude was in the sciences for a better part of his formative years and later went on to study something that had to do with balancing Chemical equations and reactions in the university.

Now I'm all for parents allowing their kids to choose their career path, but I also see reason with parents who pick certain course of study for their kids.

I mean, Pascal (like most Nigerian parents who owned businesses) knew and hoped that one day, Uzoma will head the company, but yet did not mentor and guide him through a particular career path. He probably believed that the guy would one day take over irrespective of what he studied after all it's his inheritance.

But I guess what is needed to be a successful CEO in today's business world goes more than a right to inheritance.

One can argue today that God is Good motors is the most successful transport company in Nigeria. That is because the founders son (who runs the company now) has always been in the scene. Probably with loads of all the ideas he implemented burning in his head back then.

Remember Ekene Dilichukwu motors? Their Toyota buses with a simple "ekene" written in small letters in a blue background. After he died, the busines died with him because his own children were interested in court cases against themselves rather than competing with GUO and GIG

maybachmusic:
Hmm so diamond was weak




GT and zenith for life

naijacartoon:
chai...which kind thing be this? no new generation bank to trust again be that o!

freshdude99:

Lol GT is even weaker, just wait let them finish paying innoson that money. You will of GT no more

Topmaike007:
wow so what are the things required to open savings account with uba

automatix:
bros, one of their staff once revealed to me that the bank is broke cos I was thinking of proposing a product to them...

Buhari don finished them.

nopretense:


A valid ID
Utility bill
Passport-size photograph
BVN

However, Leo (our virtual banker) is available on whatsapp and Facebook messenger to help you out on immediate account opening and other transactions. Thanks.

olumide4christ:


I want to respond to the bolded above..

It doesn't always have to be so...your son or daughter doesn't always have to run your company after you have left the stage. GTBank is a perfect example. I worked with Babatunwa Adenirokun, the son of late Tayo Aderinokun MD of GTBANK, at a top notch property development firm some years ago. Tayo Aderinokun was alive then. Tunwa his son studied Business Administration abroad and had interests in Real Estate.
Tayo Aderinokun did not send his son to work in or head GTHomes which was the real estate subsidiary of GTBANK then. He rather sent Tunwa to our boss (his friend) to learn the ropes & be disciplined under him rather than in GTHomes where he would have been treated with kids gloves as "Oga's Son". Our boss actually said this then. I never met Tayo Aderinokun personally but this action of his made me respect him highly.
Even after Tayo Aderinokun's death, the son wasn't elevated to one of the top executives of the bank, rather the guy is doing his own business and investing in his peculiar interests. GTBANK is moving on and for me is still the best bank in this country for now!
Besides other examples given here, I was also told by a major dealer in stationery on the Island of the popular Onward paper mill which has almost folded up as a result of the way the owner's children mismanaged the company, took some loans that couldn't be serviced to the point that the paper mill would only produce if dealers deposited funds with them ahead of time.

Business owners can always hire executives to manage their interests if their children do not possess the requisite qualities.

That's my take.

freshdude99:

Lol GT is even weaker, just wait let them finish paying innoson that money. You will of GT no more

tng:


it was a merger, that's why the name ''UBA'' remained

OgogoroFreak:
are you sure about this? I thought uba is still in operation oh