Dear People, the concept of bail i.e N100m each for these bank chiefs does not necessarily means that they will give the EFCC or goverment the money. It is a form of guranteee, this money will be recovered from the person standing for the bank chiefs should in case they jump bail. If they do not jump bail the N100m will not therefore be necessary.
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just for the records

Do not turn the Osama Obama guy to an hero because it is obvious he was disgruntled. What someone like me challenged is his story which is " Oceanic Bank Sack Over 1500 Staffs In 30days" which is never true. Sacking people in a troubled organisation is a sign of management incompetence cos anyfool can do that. I recommend a book " Who says elephant cant dance" a turn around management of the the great IBM company.
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That the management of the bank acted detrimental to jeopardise the interest of the shareholders and depositors can no be defended but certainly not true that Oceanic bank sacked 1500 in 30 days, that way the osama obama lied . Can the same be true of Union bank, the bring strong reliable bank. There is no bank that cannot go down if you understand the banking of business of mediation.
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So Mr Obama did not state the fact. If the great banks and FI can be troubled who is Oceanic bank. So Mr Obama, hope you were not sacked but asked to resign cos if you were sacked, nothing for you again in this country, not even a councillorship post for you.