The issue now is that I am not that literate as per banking stuff cos am a Surveyor, and in trying to find the real reason behind all these I am coming across things like marginal loans, non-performing loans and stuffs like that.
Would somebody please be kind enough to explain from a knowledgeable angle but in lay man language,what the exact issue is with these banks?
The first hint I got of the news was that these banks were folding up, and then the CBN comes on air to re assure Nigerians and to say it was putting in N100bn each into Intercontinental and Oceanic.
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