In case you have your money in any of these banks, help yourself now before it is too late. by mid this year any of the following banks will be folding up or merging.
SPRING
OCEANIC
INTERCONTINENTAL
BANK PHB
FINBANK
AFRIBANK AND
UNION BANK
, If you dont act fast, i no know no dey o!
, thisday newspaper of today , not sure what pg

If those banks don't fold by that time, make sure you go fold them abi?.

Ewu!!

@poster

And which bank do u advice us to bank with?

, You go know which bank, if your money zabb!

Why is it that people don't gather enough information before spreading false rumours?
Well, I guess we should take this piece of advice.

all lies

better to be safe than sorry, buy a safe today!

, link
http://www.nigeriansinamerica.com/vbulletin/showthread.php?t=17096
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The Central Bank of Nigeria (CBN) has said that the number of banks in the country may be reduced from 24 to 20 by mid this year, when the industry is expected to have consummated recapitalization deals. The CBN Deputy Governor, Financial System Stability, Mr. Kingsley Moghalu, who made the disclosure at the Salter’s Hall, Fore Street, East Central London yesterday explained that the reduction in the number of banks was informed by the fact that about four would likely be taken over through mergers and acquisitions.

“By mid of 2011, the banks will be taken. Twenty or 21 banks will remain after the reforms. We are not legislating any number but the way it appears now, about three or four banks will be swallowed up in mergers and acquisitions,” he said.

The deputy governor, who was responding to questions from prospective investors and stakeholders in the Nigerian $500 million Eurobond billed to be issued tomorrow, pointed out that at the beginning of the banking reforms, about 87 to 90 international and local financial institutions had expressed interest to invest in the rescued banks but that the number of interested buyers had since reduced to about 17.

The rescued banks include the eight that were bailed out last year by the CBN with N620 billion tier two capital and another two banks found lacking in capital or liquidity after the joint examinations of the banks last year. They are all fraught with two challenges – how to regain liquidity after losing over N1 trillion in assets and also how to recapitalize to meet CBN’s capital adequacy level.

Foreign and local investors including Standard Chartered Group, FirstRand, Capital Alliance Group, Habib Bank Pakistan, First City Monument Bank (FCMB), Access Bank, Fidelity Bank and First Bank had indicated interest in one or two of the banks namely: BankPHB, Union Bank, Afribank, Oceanic Bank, Spring Bank, Intercontinental Bank and Finbank.

However, some industry stakeholders are pessimistic about the likely outcome of the negotiations which they said had dragged on for too long. There have also been concerns that with the exit of some of the prospective buyers, some of the banks may not get the core investors envisaged by the CBN. But after AMCON bought about N2.2 trillion of the bad assets of 21 eligible banks last year, in exchange for about N1 trillion consideration bonds, thereby injecting fresh liquidity into the banks and cleaning up their books, there have been fresh optimism that many of the banks will be recapitalized before mid this year.
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So help thyself

This is not true. Most of this banks are in good condition especially with CBN loans, AMCON loans and the debt office. Sanusi is a criminal and is trying to make the banks look bad so he can sell them, and of course hs share or settlement wouldnt be N1. The CEO's he put in those banks then are his people and this is eveidence by what is happening in Union bank today. Sanusi that seems to be fighting corruption and bad loans have turned a blind eye cos it is his people.

So the banks are good, let just hope some bad uys are implicted soonest so we can know the truth.

@Poster, get your facts right. Why are you killing these banks with your mouth. Monies have been refunded my Mrs Ibru to Oceanic to the tune of billions of Naira.
Have you stopped to think what will happen to the staff of these banks your bad mouthing. Please if you are a former employee and was sacked, this is not the way to carry out your revenge.

I don't know who gave you the post of CBN Governor to make such announcement on his behalf. Go to CBN website and get you info straight. Its folks like you that makes IT experts want to censor the internet.

link
http://www.nigeriansinamerica.com/vbulletin/showthread.php?t=17096

@xamphara, Stop downloading every info you get on personal blogs, go for authentic sources of information. "Nigerians in America" who are they?

any body who buys into dos bank do so @ his own risk.CBN cannot sell wat e does not own.

If any of them are not financing your projects, then what it wrong with being a step ahead, take ur cash and transfer into another bank, abi hand dey pain u to write cheque, Im something small in mine, something I can bear the pain before they finish their paper work,this is nigeria. One will surely get his/her cash for sure, but what if needed urgently and they are in the middle of their paper bureaucracy stuff. Thanks my brother.

Guy thanks 4 d rumour, there's always an iota of truth in every rumour.BE WISE!!

Heading says five banks but the body has seven banks. Which one?