These banks are just ripping us off for no reason.... As long as the current cbn governor a former first bank MD is there, he will only think about enriching commercial banks and he has done all this perfectly well. It's high time they slash this transfer to 10 naira for transaction.

Dz is d reason I unsubscribed SMS alert services and hotlist Ed my card from zenith bank, fbnh and GT bank.
Stealing clients money from the time of Lord lugard

Banking sector

Telecom sector


Are the biggest criminals

MTN

First bank

Case study

Ever since human beings decided to start using money to exchange for services, Mr Bank came into the picture to render their service of securing your money in his banking vault. Then issuing you an account number to access your money whenever you need it.

Nobody has ever been in control of Mr Bank. He charges you whatever fee he likes for his bank security services.

If you don't think he's fair, just take out your money from his bank. You can keep the money any other way you like.
This is the basic principle of Bank.

The western nations use other more methods to circumvent the bank. They value art works. So the rich purchase art works/paintings. They can sell this in later times when the art works becomes an antique. Others purchase jewelry, diamond, gold. And others buy land and hang on to the land.

Hope cbn is reading this thread and seeing as their boys dey rip us.

Just2endowed2:
These banks are just ripping us off for no reason.... As long as the current cbn governor a former first bank MD is there, he will only think about enriching commercial banks and he has done all this perfectly well. It's high time they slash this transfer to 10 naira for transaction.

He was formally in Zenith bank
Executive director I zenith gambia
And zenith Nigeria

Till we stop bank MD becoming CBN governor, this nonsense is gonna continue, although sanusi tried a bit in this regard

I am a shareholder in three of those banks, namely Zenith, FBN and Access. I'm happy that my companies are making ''cool'' profit and it's reflecting in my dividends. You would too, if you were in my shoes. The good thing is that I am not a customer of any of those banks. So I am not being gyped of money in the name of account maintenance fee. Talk about eating your cake and having it.

Germannig:
I am a shareholder in three of those banks, namely Zenith, FBN and Access. I'm happy that my companies are making ''cool'' profit. You would too if you were in my shoes. The good thing is that I am not a customer of any of those banks. So I am not being gyped of money in the name of account maintenance fee. Talk about eating your cake and having it.

I want to buy their shares like you. How do I go about it safely.?

thats how thy stay afloat


come and open account with 500 naira


the aim is to collect the 500 from you if you dont use the account thru charges

5 banks fleeced N15.7b in Q1 2019

dheaven:
I want to buy their shares like you. How do I go about it safely.?

You'd have to talk to a stockbroker. I am not one.

The real SCAMMERS are Nigeria Banks. and nobody to check their excess since we don't have leaders but LOOTERS.

Jiang:
Bubu was right, majority of Nigerians & it's institutions are fantastically corrupt. lets just admit it


If you feel offended, you MUST BE PART OF THAT MAJORITY, SUBCONSCIOUSLY trying to defend urself. thief!!!

Your buhari would have been more appreciated if he was not actively defending corruption in his govt and party while releasing the efcc on the opposition in a bid to weaken them.

If you want to be taken serious, don't ever quote buhari.
He is a corrupt hypocrite.

[quote author=ayanleye12 post=77964861]First to comment[/quote stop using Glo or Airtel

dipoolowoo:
By Modupe Gbadeyanka

A total of N15.7 billion was netted by the five biggest banks in Nigeria from maintaining the account of their customers in the first quarter of 2019, the research team of Business Post has confirmed.

The five bank are Zenith Bank, Access Bank, Guaranty Trust Bank (GTBank), United Bank for Africa (UBA) and First Bank, which our research team tagged ZAGUF.

Some days ago, the banks, alongside other publicly quoted companies, released their financial statements to the Nigerian Stock Exchange (NSE) for the period ended March 31, 2019.

An analysis of the financial positions of these ZAGUF banks showed that the amount generated from Account Maintenance Charges increased in the period under review when compared with the same period of last year.

In the first quarter of last year, the five big boys in the Nigerian banking industry generated the sum of N13.2 billion from Account Maintenance Charges, indicating that the amount increased by N2.5 billion or 18.94 percent in 12 months.

A further analysis of the results indicated that Zenith Bank made the highest amount from maintaining accounts of customers domiciled with them.

The lender netted N5.238 billion from current account maintenance charges against the N4.962 billion it generated in the first three months of 2018.

Following were First Bank, which earned N3.218 billion in Q1 2019 in contrast to N2.986 billion in Q1 2018, and GTBank, which raked N3.045 billion in the period under review versus N2.745 billion earned exactly 12 months ago.

Occupying the fourth position was Access Bank, which generated N2.212 billion from Account Maintenance Charges against N896 million in Q1 2018, while UBA raked N1.967 billion in Q1 2019 versus N1.598 billion in Q1 2018.

https://businesspost.ng/2019/04/29/5-banks-earn-n15-7bn-on-account-maintenance-charges-in-q1-2019/

Why wont Zenith bank come first on the list?
I just get various debit notifications for spurious charges
Thunder go fire them all foe all my monies them don chop because i no fit do them anything.

Debramaye:
That's how one Nigerian bank kept taking part of the money I do send to my cousin thinking he's doing fraud because he's receiving in dollar, sadly he's not sure about other methods of receiving money, before it'll disappear in thin air smh

why not via Western Union?

mBillz:
This is a rip-off! CBN should wade in ASAP.

The charges are approved by the same CBN.

i already knew zenith bank would top the list before opening this.. This bank are robbers with suit and pen as there arms. As a corp member you must be owning them before months end. I no fit wait to finish nysc close that account and unfriend anybody that bank with them too.

Predators!

I wish cryptos could take over so all these fradaulent banks would go under. You can never try this in the west.

I know say GTBank go dey, after their fraudulent deductions from innocent customers(like me) accounts, na God go judge them

Na so Gtb just deduct 230 from my account. No text , no email notification.
Bloody criminals

If you dont understand the game of money, it will definitly work against you. The banks print the money and also steals it back.

Godlylifeoneart:
Dz is d reason I unsubscribed SMS alert services and hotlist Ed my card from zenith bank, fbnh and GT bank.
Stealing clients money from the time of Lord lugard

will I need to go to the bank, if I wan unsubscribe from SMS alert. GTB

lomprico:
Na so Gtb just deduct 230 from my account. No text , no email notification.
Bloody criminals

Dey deduct my 44.60 yesterday

dipoolowoo:
By Modupe Gbadeyanka

A total of N15.7 billion was netted by the five biggest banks in Nigeria from maintaining the account of their customers in the first quarter of 2019, the research team of Business Post has confirmed.

The five bank are Zenith Bank, Access Bank, Guaranty Trust Bank (GTBank), United Bank for Africa (UBA) and First Bank, which our research team tagged ZAGUF.

Some days ago, the banks, alongside other publicly quoted companies, released their financial statements to the Nigerian Stock Exchange (NSE) for the period ended March 31, 2019.

An analysis of the financial positions of these ZAGUF banks showed that the amount generated from Account Maintenance Charges increased in the period under review when compared with the same period of last year.

In the first quarter of last year, the five big boys in the Nigerian banking industry generated the sum of N13.2 billion from Account Maintenance Charges, indicating that the amount increased by N2.5 billion or 18.94 percent in 12 months.

A further analysis of the results indicated that Zenith Bank made the highest amount from maintaining accounts of customers domiciled with them.

The lender netted N5.238 billion from current account maintenance charges against the N4.962 billion it generated in the first three months of 2018.

Following were First Bank, which earned N3.218 billion in Q1 2019 in contrast to N2.986 billion in Q1 2018, and GTBank, which raked N3.045 billion in the period under review versus N2.745 billion earned exactly 12 months ago.

Occupying the fourth position was Access Bank, which generated N2.212 billion from Account Maintenance Charges against N896 million in Q1 2018, while UBA raked N1.967 billion in Q1 2019 versus N1.598 billion in Q1 2018.

https://businesspost.ng/2019/04/29/5-banks-earn-n15-7bn-on-account-maintenance-charges-in-q1-2019/

Why shdnt I do the new MMM and play football bet??
Banks been chopping my money teytey n can't do shits about it

People wey EFCC supoose dey pursue. This is grossly unjust.

You are the Fourth Monkey. Opunnuu...

Jiang:
Bubu was right, majority of Nigerians & it's institutions are fantastically corrupt. lets just admit it


If you feel offended, you MUST BE PART OF THAT MAJORITY, SUBCONSCIOUSLY trying to defend urself. thief!!!

Regulated fraud system