Let me tell you a little about banking in Nigeria. The retail banking arm of the bank is what keeps them in business. My N10,000 here, my mothers pension there, mama Ufot’s daily trading business etc etc
You think it is the politician’s billions or millions that keep them in business? No! Politically exposed account is not good for business
Now if people close their accounts, move their salary accounts, stop making transfers, gtco is gone. Use your calculator and compute their daily income from charges alone.
Instead of seeing VDM as a nobody, why don’t we all call for a thorough review of his mom’s debits.
You don’t get a loan with bvn that is not yours. The bank must fish out who authorized the loan and evidence that Mrs Otse was credited with that loan amount.
In present day banking, you don’t just start debiting an account without an in-house fr@udster There is a huge rot in the banking sector and it must be addressed.
Why the blame on BVN and NIN if a fr@ud can go on for 4months despite the poor teacher laying numerous complaints. The internal control department of gtco need to step up and look into the activities of their IT staff.
This is not good at all.
