JIM OVIA ON YELE RANTING ABOUT THE BANKING INDUSTRY AND THE ZENITH BANK HE FOUNDED.
This man and his co travelers are the co conspirators that are wholly responsible for the complete economic emasculation of Nigerians.
Let’s leave aside the multiple hidden charges they defraud their customers with. Let’s leave the fact that the banking industries here in Nigeria do not finance ideas. They actually steal ideas. Let us leave aside their very reputable inside trading and doing anything but core banking as it is done all over the world. Let us leave aside their predatorial lending that cripples individuals and private enterprises.
They basically mop up our little savings and hand it over to very few import dependent companies. Then they turn around to work towards special concessions and near monopoly for these selected few that can barely compete on a level playing field to ensure that these companies rip us all off and then share the proceed with them in interest payment. It is all a scheme.
But Let us look at their partnership with the corrupt politicians is the financial malfeasance and fleecing of public funds, especially in various states and strategic government agencies.
Go and seek and read the Arthur Nwanwko committee findings on Imo state under Rochas Rochas Administration in which the Commisiosner for Finance in the first tenure also doubled as the Zeniith bank Manager.
Zenith bank allegedly overcharged Imo state by about 40 billion Naira. Zenith bank has not denied this. Instead they are seeking to cover it up through power play.
But the same Jim Ovia is on Television beating his chest that the banks are making profit. Why won’t they ? When they seek out for state accounts and run it in the most fraudulent manner.
The CBN and other agencies that should act as a restraint is now seating on the fence.
Nigeria is being destroyed in more ways than one. It is not just the political class. They have co conspirators and those who aid and abate all they’ve done.
The question is does it matter to us?
By Chris Maduka
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