STUNTING! CBN Closes BANK PHB, Afribank and Spring Bank (Revokes Licenses)

Date: 06-08-2011 2:57 am (13 years ago) | Author: Daniel Bosai
[1] 2 3 4
- at 6-08-2011 02:57 AM (13 years ago)
(m)
Its Game over for Bank PHB, Afribank and Spring Bank.

AHEAD of the September 30 deadline given rescued banks to recapitalise, the Central Bank of Nigeria (CBN) yesterday announced the revocation of the licences of Afribank, Spring Bank and Bank PHB, which were yet to sign Transaction Implementation Agreements (TIAs) with investors aimed at injecting funds to capitalise them, thereby failing to show enough commitment to the process since the new teams were named in August 2009.

The Central Bank of Nigeria (CBN) has revoked the operating licences of Afribank, Spring Bank, and BankPHB, as they have not shown capacity and ability to recapitalise before the September 30 deadline.

However, Bank PHB Plc  will become Keystone Bank Limited. Keystone Bank will continue the operations of the Bank PHB.

Posted: at 6-08-2011 02:57 AM (13 years ago) | Addicted Hero
- frayobkk at 6-08-2011 03:59 AM (13 years ago)
(m)
i hope that those ppl that has money there CBN will make sure that everyone getts its money back
Posted: at 6-08-2011 03:59 AM (13 years ago) | Gistmaniac
Reply
- DHash at 6-08-2011 12:52 PM (13 years ago)
(m)
Mallam Sanusi Lamido Sanusi, This is our country please make things possible for us. Na Naija we day.
Posted: at 6-08-2011 12:52 PM (13 years ago) | Gistmaniac
Reply
- malvin2525 at 6-08-2011 12:58 PM (13 years ago)
(m)
Noted Shocked Shocked Shocked Shocked
Posted: at 6-08-2011 12:58 PM (13 years ago) | Gistmaniac
Reply
- falanaoludare at 6-08-2011 01:04 PM (13 years ago)
(m)
MY SISTER MONEY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Posted: at 6-08-2011 01:04 PM (13 years ago) | Newbie
Reply
- Teganto at 6-08-2011 01:08 PM (13 years ago)
(m)
Ma money
Our money

Chai
Posted: at 6-08-2011 01:08 PM (13 years ago) | Upcoming
Reply
- ajanni at 6-08-2011 01:12 PM (13 years ago)
(m)
mine too at PHB
Posted: at 6-08-2011 01:12 PM (13 years ago) | Grande Master
Reply
- open_reality at 6-08-2011 01:13 PM (13 years ago)
(f)
Chai!!!!!!! I pity people wey get money inside the bank. R.I.P to the banks.
Posted: at 6-08-2011 01:13 PM (13 years ago) | Gistmaniac
Reply
- open_reality at 6-08-2011 01:18 PM (13 years ago)
(f)
Quote from: ajanni on  6-08-2011 01:12 PM
mine too at PHB

You poor fool. You've got no penny. All you've got is bomb to destroy people. (u bloody boko haram member). Just shut the f**k up and focus on ur poor akawo box. Pls get lost so reasonable people can post comments.
Posted: at 6-08-2011 01:18 PM (13 years ago) | Gistmaniac
Reply
- acome at 6-08-2011 01:23 PM (13 years ago)
(m)
my share what happen to it?
Posted: at 6-08-2011 01:23 PM (13 years ago) | Upcoming
Reply
- Serendipity at 6-08-2011 01:45 PM (13 years ago)
(m)
Why
Posted: at 6-08-2011 01:45 PM (13 years ago) | Newbie
Reply
- toibeli at 6-08-2011 02:07 PM (13 years ago)
(m)
Good move by Central Bank to safeguard the peoples deposit.
Posted: at 6-08-2011 02:07 PM (13 years ago) | Gistmaniac
Reply
- luqcyking at 6-08-2011 02:25 PM (13 years ago)
(m)
Mallam Sanusi Lamido Sanusi, This is our country please make things possible for us. Na Naija we day.
Posted: at 6-08-2011 02:25 PM (13 years ago) | Upcoming
Reply
- GoonishME at 6-08-2011 03:29 PM (13 years ago)
(m)
I hope this doesn't mean peoples money(s) in these banks are gone???
Posted: at 6-08-2011 03:29 PM (13 years ago) | Upcoming
Reply
- Unlimitedd at 6-08-2011 04:55 PM (13 years ago)
(m)
i no wan hear anything ooo...my money ooo haaa!!!!
Posted: at 6-08-2011 04:55 PM (13 years ago) | Upcoming
Reply
- Teganto at 6-08-2011 06:00 PM (13 years ago)
(m)
my fwend money
Posted: at 6-08-2011 06:00 PM (13 years ago) | Upcoming
Reply
- Teganto at 6-08-2011 06:05 PM (13 years ago)
(m)
children schl fees. Wtf
Posted: at 6-08-2011 06:05 PM (13 years ago) | Upcoming
Reply
- sammy111 at 6-08-2011 06:13 PM (13 years ago)
(m)
sha CBN said dat dey will bridge banks 2 bcome one soooo....so i believe dat nobody will lose a kobo
Posted: at 6-08-2011 06:13 PM (13 years ago) | Upcoming
Reply
- brainline at 6-08-2011 07:03 PM (13 years ago)
(m)
Dis is d reasons why pple do nt wnt 2 put dere money in d banks....... dey av 2 do somthin abt d customers money,if it is 2 refund no prblm......
Posted: at 6-08-2011 07:03 PM (13 years ago) | Upcoming
Reply
- Clays at 6-08-2011 08:23 PM (13 years ago)
(m)
Life goes on
Posted: at 6-08-2011 08:23 PM (13 years ago) | Newbie
Reply
[1] 2 3 4
ReplyFollow

Login To Post Reply

fire TRENDING GISTS fire

TODAY'S TOP

  1. "How Sandra Duru Hired Me To Damage Natasha’s Reputation" – Journalist Confesses

  2. Biology Teacher Who Has Been Teaching For 18 Years Cries Foul After Scoring 37 In UTME

  3. Fire Guts Truck At Ibadan Mechanic Workshop, No Casualties Reported

  4. 16-Year-Old Maths Wizard, Olamide Aderibigbe Scores 336 Overall In UTME; Scores 98 in Maths

  5. "Afrobeats Is Not Akon's Creation" – Veteran Producer, ID Cabasa Fires Back At Singer's Claims

  6. Lagos Police Foil Cult Meeting, Arrest Three, Recover Firearms in Elemoro

  7. NDLEA Seizes Over 500kg Of Skunk In Bauchi Drug Bust;Two,Isaac Onogure & Ikechukwu Peter Nabbed

THIS WEEK

  1. Lady Calls Out JAMB After Mysterious Overnight Change in Brother’s UTME Result

  2. “He Got Me Pregnant”: Nigerian Lady Accuses Popular Pastor Of Sexual Misconduct In Viral Video

  3. "Why Was I Held Hostage?" — VeryDarkMan Blasts GTBank Over EFCC Arrest Ordeal (Video)

  4. Socialite, Pretty Mike Shows up to 2025 AMVCA Looking Like This... (Photos)

  5. Pregnant Woman Dies Mid-operation As Jehovah’s Witness Doctor Refuses Blood Transfusion

  6. Wizkid. Ayra Starr Face Backlash Over “Gimme Dat” Lyrics Allegedly Insensitive To Amadou Diallo

  7. AMVCA 2025: Seven Doors & Lisabi: The Uprising Light Up Nollywood’s Biggest Night (Full Winners

  8. Lagos Lady Recounts Ordeal in 'One Chance' Bus, Says She Was Hypnotized, Robbed & Abandoned

  9. Chaos In Port Harcourt as Woman Acts Erratically After Alleged Drop-Off By Suspected Yahoo Boy

  10. PHOTOS: How Your Favourite Celeb Stepped Out For 2025 For AMVCA Cultural Night

TOP MEMBERS:
  • gogoman 469
  • fineboy77 384
  • felicilin 215
  • bohlah 153
  • kacylee 112
Read More

Featured Discussions

Read More