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Old Jul 4, 2009 , 03:23 PM   # 2 (permalink)
Default Re: Insider Thefts In Nigerian Public And Private Enterprise: A ‘First Bank’ Example



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I am a student of the Barkin Zuwo school of banking: put your money under/inside your pillow. Dig a hole somewhere safe and near and bury your hard-earned money there. If robbers rob you or your money get pilferred by your members, at least you know who to hold responsible or who to suspect. It is better that members of your family pilfer your money than to have it stolen by some corporate rogues.

In December 2008, I was debited N20,000.00 by an ATM for an account domiciled with another bank even though no cash was dispensed. I reported promptly to my bank, filled forms and answered countless questions. Seven months later and after countless visits, phone calls, denials, corrections, more denials, corrections and all, my money is still trapped in the over-flowing cash vaults of the Banks while I grief. Bank customers lose millions of Naira to banks and their ATM/kalo-kalo machines daily without knowing it.

Nigerian banks are mere kalo-kalo kiosks ran by a bunch of greedy and fashionable shylocks.

The only way to avoid them is to follow in the wise foot steps of Barkin Zuwo...

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Africa doesn't need strongmen, it needs strong institutions… Barack Obama
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