NIGERIAN BANKS ?? Where do i put my MONEY :

2009-07-17T08:56:00.000-07:00

Following the survey conducted on the nigerian Banking sector, By The African Report (TAR) , there have been a wave of caution going through the minds of investors concerning which bank to bank with.

The banks were grouped as follows:

STRONG BANKS:

Diamond Bank,
First Bank,

Guarantee Trust Bank (GTB) and

Skye Bank.
SATISFACTORY BANKS:

Afribank,
Citibank,

Equitorial Trust Bank,

Fidelity Bank,

Platininium Habib Bank (PHB),

Stanbic IBTC,

Standard Chattered Nigerian Bank,

UBA,

Zenith Bank

SHAKEN BANKS:

Access Bank,

Ecobank,

First City Monument Bank,

Intercontinental Bank,

Oceanic Bank,

Sterling Bank,

Union Bank

STRESSED BANKS:

First Inland Bank,

Unity Bank,

Wema Bank and

Spring Bank

Although many nigerians have questioned the reliability of the report. The Truth may not be far fetched from TAR'S report . Among those grouped as stressed banks the troubled WEMA Bank has already been purchased by Bank PHB,

Facts are there that Wema Bank has not presented an audited account since 2007 , while UNITY Bank is yet to release its 2007 audited account. Many depositors are now sacred of the fear of ones money been traped in a failed bank.

THE BIG QUESTION REMAINS WHERE DO I PUT MY MONEY?

NAIRA BUS

NIGERIAN BANKS ?? Where do i put my MONEY :