₦airaland Forum

Fintechs have clearly taken over the retail space, no doubt about that.

But traditional banks still hold the public sector and commercial banking space, and that is where the real money comes from for most banks.

Do you think fintechs can enjoy ₦10 trillion in stable deposits from retail customers alone to support serious trading and large-ticket transactions?

That kind of stability usually comes from public sector funds, World Bank-assisted projects, government grants, and other institutional balances, not from the retail base where funds move in and out quickly.

In a way, fintechs have even helped traditional banks by taking away the noise and daily stress that comes with managing millions of small individual customers like me and you. This now gives the banks more room to focus on big-ticket mandates, corporate deals, and public sector relationships.

Let us be honest about the situation. A significant number of individuals who pursue studies in some institutions in neighbouring countries such as Togo and Benin do so because they were unable to secure admission or meet admission requirements in Nigerian universities. In many cases, the institutions they attend have questionable standards, and the process of obtaining certificates can sometimes lack the rigor expected of accredited universities.

As a result, when some of these graduates return to Nigeria for national service or employment, many struggle with the basic competencies required for certain roles, which can create challenges in the workplace. Furthermore, several of them encounter difficulties when attempting to pursue postgraduate studies in Nigeria, as some local universities are reluctant to recognize their qualifications.

For these reasons, I believe the decision being discussed may not have been the most appropriate

Jef4u:
This is not true because your employer don't have the authority to audit your personal account

You never work for bank be that

franchasng:
Igbo business men get money my brother, e de play e de show no be talk talk

72 freaking million in a boi-boi (servant) bank account and trust me, that's not his only account plus that guy have plenty landed properties, just a boi-boi oh



Dear single ladies, if a Bank Manager approach you for date and a boi boi of a big businessman approach you, biko follow the boi-boi oh e get why

As a BM I agree with you totally

fnep2smooth:
Nice update, Sokoto State don collect, they will turn to Borno State to give them their own Christmas gift.

I hope they are hitting the terrorist directly and not Innocent civilians.

fnep2smooth:
Nice update, Sokoto State don collect, they will turn to Borno State to give them their own Christmas gift.

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Yankee101:
His father was an extremists
He is an extremists
He mentored Mutalab the bomber from kaduna
He suoooera bandit terrorists
His aide is in jail now for collecting and inflating ransoms
Saudi imprisoned him then deported him
He tried going for hajj and was deoorted. Again by Saudi
Imagine Saudi thinking you’re preaching terrorism

Sheikh Ahmad Gumi is a controversial figure but not everything claimed about him is equally proven. Reliable reporting shows he was detained in Saudi Arabia in 2010 after inquiries about his contacts with Umar Farouk Abdulmutallab, though there is no clear public evidence he “mentored” the bomber. In 2025 Saudi authorities barred and deported him from the Hajj. Gumi is well known for going into bandit camps and acting as a negotiator — many praise this as peacemaking, while others say it encourages or legitimises criminals. One of his known associates/negotiators, Tukur Mamu, is currently facing criminal charges and prosecution testimony alleges he collected and misused ransom payments. There is no public record of an international legal designation of Gumi as a terrorist; descriptions like “extremist” are often opinion or political characterisation rather than a formal legal status.
If you want sources I used are listed below.

References (links)

* ICIR — How Gumi was detained in 2010 for alleged link with terrorist: [https://www.icirnigeria.org/flashback-how-gumi-was-detained-in-2010-for-alleged-link-with-terrorist/](https://www.icirnigeria.org/flashback-how-gumi-was-detained-in-2010-for-alleged-link-with-terrorist/)
* SaharaReporters — Flashback: How Saudi government arrested, detained Sheikh Gumi in 2010: [https://saharareporters.com/2021/03/08/flashback-how-saudi-government-arrested-detained-sheikh-gumi-2010-allegedly-having-%E2%80%98link](https://saharareporters.com/2021/03/08/flashback-how-saudi-government-arrested-detained-sheikh-gumi-2010-allegedly-having-%E2%80%98link)
* Premium Times — Why Saudi denied me access to Mecca for pilgrimage (Gumi, 2025): [https://www.premiumtimesng.com/regional/nwest/797033-hajj-2025-why-saudi-denied-me-access-to-mecca-for-pilgrimage-gumi.html](https://www.premiumtimesng.com/regional/nwest/797033-hajj-2025-why-saudi-denied-me-access-to-mecca-for-pilgrimage-gumi.html)
* Vanguard — Hajj 2025: Saudi Arabia deports Sheikh Gumi: [https://www.vanguardngr.com/2025/05/hajj-2025-saudi-arabia-deports-sheikh-gumi/](https://www.vanguardngr.com/2025/05/hajj-2025-saudi-arabia-deports-sheikh-gumi/)
* Daily Post — Saudi Arabia deports Sheikh Gumi, bars him from 2025 Hajj: [https://dailypost.ng/2025/05/26/saudi-arabia-deports-sheikh-gumi-bars-him-from-2025-hajj/](https://dailypost.ng/2025/05/26/saudi-arabia-deports-sheikh-gumi-bars-him-from-2025-hajj/)
* Punch — Mamu spent ransom share on cars, luxury trips — DSS: [https://punchng.com/mamu-spent-ransom-share-on-cars-luxury-trips-dss/](https://punchng.com/mamu-spent-ransom-share-on-cars-luxury-trips-dss/)
* BusinessDay — Tukur Mamu was allocated N50m from Abuja–Kaduna ransom — DSS witness tells court: [https://businessday.ng/news/article/tukur-mamu-was-allocated-n50m-from-abuja-kaduna-ransom-dss-witness-tells-court/](https://businessday.ng/news/article/tukur-mamu-was-allocated-n50m-from-abuja-kaduna-ransom-dss-witness-tells-court/)
* AllAfrica — Gumi replies to critics, defends negotiation role: [https://allafrica.com/stories/202511170098.html](https://allafrica.com/stories/202511170098.html)

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Blankstare:
Worst, he he's part of the northern establishment and have a son in the Nigerian army. Let's just break this country for peace sake of all

Sorry we would not, calm down

Chidollars1994:
do u have any prove

Check the same X

KosiGee:
Which of the wives benefited from this oversea ‘leadership training’??

The first wives, 2nd, 3rd or 4th wives??

It's the vice chairmen all are women

MarkNsukkaBread:
They say obtaining a Tax ID is free but I'm sure by next year corrupt government officials will start extorting money from citizens because of it

Exactly

tnerro1:
Think well , Edo is not Benue State, they love to prove outsiders wrong

In my place from the south , an indigene can be arrested or harassed by the security services for hold a screwdriver but a northerner with a cutlass will be allowed to pass freely without any challenge, in your own land oooooo

We shout in our own land but flock to UK and US for citizenship. So long as we have this mentality Nigeria would never grow

McCoy662:
What band is that?

Honestly power companies doesn't even know what they are doing these days. 6k gives me less than 30kwh but my neighbor gets over 160kwh for the same 6k. Same band A

They likely haven't classified that meter under Band A yet, which could be the reason for the issue. He might have bought the meter from someone and installed it himself, leading to the discrepancy. The authorities usually conduct inspections and should identify this in due course.

DesChyko:
Put a cost on his dressing first; who are the calibre of people who can afford that here in Nigeria?

Oga rest.

Two of my siblings are there now. One works for the biggest of the Big 4. She's only been there 2 years. In Nigeria, what are the odds?

Abeg abeg.

Without connection zero

G00dharddick:
This same guinea were forming hot team playing serious match with Nigeria. See how they have ended up embarrassing themselves against ordinary Congo

Wasn't that guinea, it was Equatorial Guinea

shadrach77:
This is a big lie! If I send money to someone back home and the person gets it, how can you say the money didn't reach Nigeria when it landed in the person's aza?

The foreign currency did not reach Nigeria that's what he means. If the currency gets here and people convert it at least banks have those funds to sell to people that need FX

GboyegaD:
I agree due to the way most people do remittance however, I feel 80% might be an exaggerated figure.

It's not

FTC

Quality20:
I'm not saying this because I'm a Hausa Fulani guy, but because its just the truth. However , I also do not deny the fact that some poor local ladies are doing some form of local club prostitution, but their percentage is quite very minuscule.
Hookup culture as a way of life as practised by other nija ethnic groups is quite a strange and unacceptable to the vast majority of our ladies here- thanks a lot to the moral and religious training common among our elders here. Ill effects of western culture isn't widely accepted or practised here in far north as it is in other regions of the Nigerian federation - this is probably the dominant reason why our ladies can't be found doing all these wild hookups.
This hookup thing is really very disadvantageous ,dangerous and demeaning to ladies. It would really be gainful if parents down south could curb or at least control this excesses of modern day dating. I can't imagine how girls doing hookup would travel across states and regions of the country and leave their parents at home without even the parent's knowledge.

Lol go to Abuja First na

Greenfaces:
Why mtn clear my 5k debt?

.I heard they cleared all debt

So apparently it's a glitch

Orathird:
It’s so unfortunate that some people think the struggle for a new Nigeria is about the Igbos.

What many of you failed to understand is that Obident movement is above religion, tribe, ethnicity and geographical location.

It’s a movement of people that want a better Nigeria that is POssible.

This time we want someone that has all the qualities of a good leader. It’s not about tribe or religion as usual.

If you're a Yoruba man and your only reason for supporting Tinubu is because is he a Yoruba man, I have 2 things to tell you.

1. You're the enemy of this Nigeria.
2. If you don't hustle, you no go see food chop.

YES DADDY

Run

orohbiro:
Nairaland men should stop this nonsense of sending me messages to my Email is annoying. I can differentiate my real Email friend and nairaland men some can't even spell well abeg he done do. Una never c fine gal before? Am not the only gal here u guys should stop fooling yourselves even one promise to always push my topic to front page if I can give him my watapp number .

So in your small mind you think you are beautiful. LOL

Canada now is there even something to think about

In Yola it's 60k for a mid sized one and up to 100k for a large one.

Congratulations but this is soo not true.

We had 4.93 in the U12 set

Congratulations once more thou.

steveneche:
Am just curious. With the current state of economy, as a lady, can you marry a guy whose salary is not up to 50k monthly?

Candid opinion please!

If you where a lady would you marry yourself

ChizzyBuna:
DONT TRY THIS AT HOME!!!

I'm still feeling the high from it,I took sniff just a little like pinch of salt.
I was warned seriously to take only a very little.

I took it around 11 pm and now it's 3 am and I feel so energetic and restless.
Also I noticed my heart beat going a bit fast but it's ok.
Here are some things I noticed from the high
1. It makes you lose appetite for food
2. It makes you stay awake for long hours.. I can't sleep
3. If I stay idle my body start scratching me, I have to stand up and do something or get busy. If I lie down on bed to rest my body start feeling uncomfortable.
I have been doing press up since 2am and it is hard to stop.
4.
So far I don't plan on taking it again. I will be flushing the remaining drug in toilet.
For now I'm still feeling the highness but I'm also very very alert.
It's like this Methaphitamine is perfect for soldiers or those who need to stay alert or awake at night.

I will update you all as the hours go, I still feel the high is still strong but I don't know what to expect later ( I hope nothing serious)
This was done for educational purpose, I don't advise anyone to try it. It is very risky

It was used in the second world war by German soldiers during their advance in Poland and France

12hrs

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