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REMEMBER THEM? THE DEAD GENERATION BANKS OF YESTER YEARS

Ugodre Obi-chukwu by Ugodre Obi-chukwu
September 12, 2012
in Uncategorized
Official:  The CBN Will Approve Your Employment Letter Before You Join Any Bank
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Lobi Bank, Abacaus, African Express Bank etc. remember those banks? Well, just over 10 years ago the Nigerian banking landscape was full of “New Generation” Banks that employed thousands of Nigerian graduates and mismanaged billions of depositors funds. It’s quite easy to forget these names in the future so I decided to dig them up. Thankfully the NDIC on its website still has a list of off all the failed banks in Nigeria that has since been dead and buried. Some lucky ones ended up been taken over by bigger banks. Here they are;

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Did you loose money in any of these banks??

 

Tags: NDICNews Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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WHY YOU SHOULD BE WORRIED, DESPITE NIGERIAN BANKS MAKING N243B PROFITS IN 6 MONTHS

Comments 4

  1. resourcedat says:
    September 12, 2012 at 10:01 am

    REMEMBER THEM? THE DEAD GENERATION BANKS OF YESTER YEARS https://t.co/uqk3SuYS

    Reply
  2. ugodre says:
    September 12, 2012 at 10:01 am

    REMEMBER THEM? THE DEAD GENERATION BANKS OF YESTER YEARS https://t.co/XbwOoBKJ

    Reply
  3. ugodre says:
    September 16, 2012 at 4:44 am

    BLOG POST:: REMEMBER THEM? THE DEAD GENERATION BANKS OF YESTER YEARS – Lobi Bank, Abacaus, African Express Bank etc…. https://t.co/ki5AA6u2

    Reply
  4. 100001985863433 says:
    September 17, 2012 at 11:10 am

    Thanks a lot for reminding us about the Structural Adjustment Programme (SAP) era and the distressed banks in the Nigerian banking industry. I did not loose money in these banks but I carried a detailed research on the causes of distressed banks in Nigeria.

    Reply

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