NewStats: 3,265,355 , 8,186,493 topics. Date: Saturday, 14 June 2025 at 03:47 PM t3g4m

Na only your money dem go give you baba

eliwa47:
So even if I don't have up to 5m in my , I will still be a beneficiary?

OlujobaSamuel:

Insured deposits is usually a function of law, and not just a policy statement, so to alter it, the consent of the lawmakers is required.
If you are appointed the head of ndic today, even though you have it as an idea, you can't just change it, that's what I mean by talk to your lawmakers.

So Corporate firms can't talk to the Lawmakers if they know it's a serious issues...

poiZon:

So Corporate firms can't talk to the Lawmakers if they know it's a serious issues...

I think you misunderstood the word talk to your lawmakers, I'm using it in the general term, obviously only 2person will be representing you and that isn't sufficient to any law.
What I'm trying to say is the issue is within the power of the lawmakers, so anyone can raise the issue with them, individuals, corporates, executive, etc, so I'm not referring to you as a person.

This your argument is not tenable at all. The president is a southerner, CBN governor is also a southerner, the banking and finance sector is managed by mostly southerners. Why would a southern controlled sector be biased against its own?

lonelydora:
Just imagine!

Heritage bank failure is politically just like Oceanic bank and others.

Unity Bank and Providus Bank (both Northern banks) were given soft landing to merge.

Why didn't they give Heritage bank (Southerner bank) the same soft landing?

What is good for Musa and also good for Ibinabo.

Commanderinpips:



I was having about 40k in Savannah bank before it was liquidated. Just move on bro that bank is gone.

40k of those days is equivalent to about 4m today.

This bank go nearly book ashawo for you that time just to bank with them

Praxis758:



40k of those days is equivalent to about 4m today.

Lol which calculator you use?🤣

Paupitor:
This your argument is not tenable at all. The president is a southerner, CBN governor is also a southerner, the banking and finance sector is managed by mostly southerners. Why would a southern controlled sector be biased against its own?

You dey mind the illiterate. Any chance to spread propaganda dem go grab am

LucemFerre:

Lol which calculator you use?🤣

You can easily calculate using the purchasing power comparing GEJ to Buhari to Tinubu.

Savannah bank issue, though farther than those aforementioned istrations, one can easily reduce from the declining economic power/fortune.

Abee79:

Are you familiar with the term "Liquidation Dividends"? 🤣

Na only for 9ja we dey hear that one when them won thief money oooo😀😀😀

I haven't received my 35, 000 till now from the bank despite some friends had received their money.

Zetty177x:


Are they saying irrespective of your deposit with the bank, u get #5 million?

No, if less you get same amount, if more, you get 5m

Lacash:
Na only for 9ja we dey hear that one when them won thief money oooo😀😀😀

Like seriously? 🤣🤣🤣

ppogba:


The man is lucky to still have the land.
Not all land cases are as sweet as this.

Land mata no be moi moi oo.

No one can crosspath govt documented land that have the signatory of their elders

olaric:
₦5 Million across board or what?

No. For example, If ur deposit is 10m, only 5m will be given to u for now until the asset of d bank is been sold n loans is been recovered. But if ur deposit is less than 5m, u will get all ur deposit

Saturnalia:


This is why it is never advisable to buy shares in any Bank unless you’re buying the majority stake like Femi Otedola did with First Bank.

If the Bank liquidates, Na the Toro-Kobo customers go use their head carry skibo.

Between last week and tonight, GTBANK sent me more than 20 emails asking me to buy shares. I just dey delete the useless messages.

Make I buy shares with my money make Oloriburuku Segun Agbaje buy Latest Benz GLS and stamp customized License Plate 007 on it like he does with all his vehicles?

Imagine selling shares for N44.50? Even Zenith Bank is selling their useless shares for N36.50 ; whereas Femi Otedola bought his own shares at N21.

No be me tell them to mismanage their assets & liquidity. E no go better for all of them.

Access Bank own Na him still dey vex me . They sent money into my Access Bank and the fraudulent Bank debited me for “Electronic Transfer Levy”. I no fit talk.

Sanusi Lamido Sanusi remains the best CBN Governor Nigeria ever produced.

Lol everybody dey try raise capital

GTB wan finish me with email on shares

The electronic transfer levy Na everywhere dem dey charge am ooo

I never receive my money o

OlujobaSamuel:

What do you mean by scam the citizens
The money was recently reviewed from 500k to 5m, I think around April/May.
Insurance coverage will only try to cover most deposits, it can't cover all deposits, this no be issue wey we supposed drag govt or any bank for.

if Federal govt open bank, and loads of people begin deposit money and go as far as depositing more than 20m , and after a few hear them close the bank knowing that alll. They have to refund is 5m irrespective of how much you deposited, is that not a scam?

yad2eidi:
if Federal govt open bank, and loads of people begin deposit money and go as far as depositing more than 20m , and after a few hear them close the bank knowing that alll. They have to refund is 5m irrespective of how much you deposited, is that not a scam?

Banking laws do not permit fg or CBN to run commercial banking.
Banks license do not get revoked under a year of distress, it takes about 3/5yrs before the license is eventually withdrawn
It's not the whole deposit you have with a bank that is insured, if such is the case, bank directors might do as they like with depositors fund since they know there is an insurance company that will pay in case of liquidation, but since it's not all fund, the banks director will likely lose out as the assets will be liquidated and the big depositors will be treated as bank owners so they can get some compensation from the company's assets

ManoelCzar:


What are treasury bills and how does one go about that please?

https://www.legit.ng/business-economy/capital-market/1607937-interest-payable-quarterly-fg-invites-nigerians-invest-savings-bonds-n1000/

malali:



https://www.legit.ng/business-economy/capital-market/1607937-interest-payable-quarterly-fg-invites-nigerians-invest-savings-bonds-n1000/

Okay thanks 🙏

PotatoSalad:

Na why e be safe. Dem no go know where e dey 😂😂

Na so the house go big? What of people staying in flats or face me I blow you rooms??

Thanks a million.

XploraBen:

You have to make your own research.
But to get started, the Bamboo app and thereafter watch a couple of YouTube videos to gain better understanding about how to buy these stocks.

Uche559:


No. For example, If ur deposit is 10m, only 5m will be given to u for now until the asset of d bank is been sold n loans is been recovered. But if ur deposit is less than 5m, u will get all ur deposit

Okay thanks, for the information

Zetty177x:

Na so the house go big? What of people staying in flats or face me I blow you rooms??

Not a challenge. False cabinets dey hehe

arimahoseloka:
This is why opening a foreign is a great necessity, even if its trust wallet. It's safer and secure than Nigerian banks

Foreign banks don't fail?

Praxis758:



40k of those days is equivalent to about 4m today.

exactly, it is pathetic how naira nosedive to this present level.