₦airaland Forum

AlanTuringAI:
Just because of tribal and party affiliations, so many idiots that don't know where their next meal will come from are shouting Victory for Democracy over a person operating 16 different accounts, and who is not a renowned businesswoman. Her only source of fame is being wife of a former President.

manci:
one village woman with 16 account Nigeria will Remain under develop

linearity:
Am not trying to plead her case, but there is not wrong in owing 16 accounts and it is very easy to owe such number of accounts. I will dare to advise many entrepreneurs or people with enough money not to cluster all of them in one account.

NDIC insured each depositor up to only N500k, it then means should the back fold up and you have N3b inside, you will only get N500k period! But if you are prudent, spreading that N3b among multiple banks creates a better safety net.

Also different banks have different products, securities and services. I can have a CD account with bank A, and Fixed Deposit account with Bank B and Money Market account with Bank C, If you are a contractor or a consultant, it is possible to start opening account within the same bank as your client for easy and speed of payments, this will remove third-party bank verification and less the delay in your money becoming available to re-use to process materials for the contract, going getting your goods from abroad, if your current bank does not have the right relationships or better foreign correspondence bank, you will be forced to seek another bank and since each bank will place a cap on your transactions, which might delay your projects, you want to have more, so things will be easier for you..etc, etc, etc...All these are legit and before you know it, you have 10s of bank accounts all over the place...Each company that you form, a separate legal entity and will start having their own sets of different accounts, but you control all these accounts....When you do not have even one million to call your own, you will not comprehend the prudence in having multiple accounts, but once the money start coming, it will all make sense.

Daboomb:
Please, rejoice because she has gotten her money back, This is Nigeria.
"The Choice we make today, will determine our tomorrow"

But please, dont try to justify her owning 16 different bank account because l am sure you are also aware that those accounts cotains millions of Dollars, that she used fictitous names to open others (her Cooks, Cleaners, Servants, e.t.c) and there even many more of such accounts in different banks.
I suspect that this woman will have more bank accounts than even Dangotte group of Industries.

Daboomb:
Please, rejoice because she has gotten her money back, This is Nigeria.
"The Choice we make today, will determine our tomorrow"

But please, dont try to justify her owning 16 different bank account because l am sure you are also aware that those accounts cotains millions of Dollars, that she used fictitous names to open others (her Cooks, Cleaners, Servants, e.t.c) and there even many more of such accounts in different banks.
I suspect that this woman will have more bank accounts than even Dangotte group of Industries.

manutdrichie:
Victory for the common woman

Victory for democracy

Amebo1:
Respect for Mike Ozekhome, the only Lawyer today that has been slaying EFCC upandan

manutdrichie:
Victory for the common woman

Victory for democracy

yanabasee:
Nigeria will never get it right if we keep blaming without thinking of a possible solution to stop voting in presidents without ambition!!!

Angy55:
Your signature though

Follysho707:
Just imagine and some folks are here defending her..

BafanaBafana:
She still won't be able to touch the money. Unless the government decides to let her.

ajawara:
Ignorance and Illiteracy is a serious virus that has affected your body and brain. Please visit the nearby schools for a cure.

chinjo:
Have you forgotten about Fayose Zenith Bank account that was frozen? Has he not been making withdrawal since it was unfrozen?