₦airaland Forum

Never heard of this banks

Banks closed 100 years ago, are you just paying today? What’s the value of the money now?

Ok

Money launderjng shops
I believe they all served their purposes

Eco bank nor join

If you don't know any of these banks then you must be from this new generation. These are old banks that existed in the 80s and late 90s.

Greyworld:
Is it just me that doesn't know any of those banks?

These are briefcase banks.

Woodshot:
In the US you would hear names like; JPMorgan Chase
Citigroup
Wells Fargo & Co
U.S. Bancorp
PNC Financial Services
Truist Financial Corporation
Goldman Sachs ...

But these Nigerian banks names would make me not put my money there

Inferiority complex kee you there

Dead and unknown banks!

Allied Bank and Gulf Bank ring bells.

Theboss001:
Inferiority complex kee you there

I see reason why you're pained... one or two of the banks are yours.

Greyworld:
Is it just me that doesn't know any of those banks?

Lolz, these banks existed late late 90s to mid 2015s. Most closed down during the bank consolidation exercises by cbn when they were asked to raise their operating capital.

My money dey Savannah bank o,or am I hallucinating,Obasanjo go dey laugh me now.

TheBillyonaire:
These banks existed as SPV for money laundering

I feel you. U know what's up

Greyworld:
Is it just me who doesn't know any of those banks?

Hehehe! You be gen-Z
Most of these banks "went under" during HRM Sanusi's stint as CBN Gov.

Greyworld:
Is it just me that doesn't know any of those banks?

These are 1990s banks.

Woodshot:
In the US you would hear names like; JPMorgan Chase
Citigroup
Wells Fargo & Co
U.S. Bancorp
PNC Financial Services
Truist Financial Corporation
Goldman Sachs ...

But these Nigerian banks names would make me not put my money there

Indeed, but you will put your money in Silicon Valley Bank that just packed up, abi no be Yankee them they also?

Or that year wey Lehman Brothers wan destroy the world financial sector.

Greyworld:
Is it just me that doesn't know any of those banks?

That means you are just yesterday pikin.

These are those banks of yester years that cannot meet up with CBN capitalization fund and did not have merging partner to meet up the capitalization

After 20+ years, my baby sis wey dem born then don dey prepare for marriage.
Only God knows how still dey alive amongst the depositors.
Btw, is it the current insured sum of NDIC that would be used or the insured sum then, make person no get 5k on top sey 10k dey the account, forgetting sey 5k then na 50k today, if not more

Ikpunnegi01:
Dead and unknown banks!

Stop exhibiting your ignorance.

CrownLands:
Hehehe! You be gen-Z
Most of these banks "went under" during HRM Sanusi's stint as CBN Gov.

This is not true.
It's not the Sanusi you are referring to, it's the Sanusi (Joseph Sanusi, he is from Ondo) before Soludo and some during Soludo time. Few happened during Muhammad Sanusi (the one you are referring to) tenure.

Obj, Joseph Sanusi and Soludo tried for this bank recapitalization, if not, we for dey hear shege now with the economic crisis we have been facing of recent (globally and locally), people go just reach bank, hear sey money no dey, transfer no go, card transaction no work, Branch Manager is no where to be found, MD and other directors don japa

How many times dem go close Hallmark

You're not yet born when they were in operation

Greyworld:
Is it just me that doesn't know any of those banks?

TheBillyonaire:
These banks existed as SPV for money laundering and the 1.39 billion will also be shared to ghosts populating their ledgers.

Hoo-Ray!

Spoken like an insider, maybe even part of the players😅

Woodshot:
In the US you would hear names like; JPMorgan Chase
Citigroup
Wells Fargo & Co
U.S. Bancorp
PNC Financial Services
Truist Financial Corporation
Goldman Sachs ...

But these Nigerian banks names would make me not put my money there

inferiority complex won't kill you. What are the names of banks from Egypt, Sudan or Senegal.

Woodshot:
In the US you would hear names like; JPMorgan Chase
Citigroup
Wells Fargo & Co
U.S. Bancorp
PNC Financial Services
Truist Financial Corporation
Goldman Sachs ...

But these Nigerian banks names would make me not put my money there

Their history and performance over the years made their names sound all that...if its about names how is PNC better than PHB or GTB...even these liquidated ones have very cool names

No matter how efficient the other banking platforms （contemporary ones） could be, don't drop the TRADITIONAL ones for them cause the latter are always safer； although this doesn't mean you can't use the former too. This advice is just telling you to lean more on the latter.

Woodshot:
In the US you would hear names like; JPMorgan Chase
Citigroup
Wells Fargo & Co
U.S. Bancorp
PNC Financial Services
Truist Financial Corporation
Goldman Sachs ...

But these Nigerian banks names would make me not put my money there

na so them sef go dey look our own banks names as cute.

Are they Nigerian banks, or do they exist, because i haven't heard of them before.

Woodshot:
In the US you would hear names like; JPMorgan Chase
Citigroup
Wells Fargo & Co
U.S. Bancorp
PNC Financial Services
Truist Financial Corporation
Goldman Sachs ...

But these Nigerian banks names would make me not put my money there

Inferiority complex done ruin your confidence.

It is not about name.