Itsrm:


The days when bankers were doing real banking. When last did anyone beg you to open an account with them?

Now they just sit back and make easy money.

GloriousGbola:



People were not meeting target, oga at the top sent general warning email and someone forwarded it out of the company and it went viral

https://www.nairaland.com/722543/access-bank-md-aigboje-aig-imoukhuede


I read that AIG took the public beating then hired some forensics guys to track down who sent out the email.

Itsrm:


The days when bankers were doing real banking. When last did anyone beg you to open an account with them?

Now they just sit back and make easy money.

iamoyindamola:

You can't even leak sensitive information like this
These guys are just stupid by default, true or false this kind information is very risky
Everyone knows the terrorists don't value their own lives

GloriousGbola:


real banking?

not sure how hustling people to open account translates to real banking, unless those people are unbanked to begin with.

iamoyindamola:
Bandidos(spanish series)

https://driveseed.org/file/5TSfx0QXAL

9/11 documentary

https://driveseed.org/file/0lMwlu31AN

the cold war documentary

https://driveseed.org/file/MWnxaxc6Ai


Blueraydick

BlueRayDick:


Banking has evolved beyond what it used to be. The advent of FinTech's, modern microfinance banks and even new & existing commercial banks embracing IT solutions for banking services is why u don't see anybody coming to beg u to open account with them.

Itsrm:


It's from that same hustle you get people who are loaded with cash to open accounts and do your fixed deposits. It's when they open accounts you get to sell your loan offers to them. So it's real banking.

These days, banks don't even like fixed deposit or your deposit in savings account. They call them high cost funds. They prefer low or no cost funds like current account deposits. They know there's easy money to be made elsewhere.

GloriousGbola:


i am not sure it is about easy money so much as it is about actual value.

liveLongNprospa:
What does it mean to be middle class?

And how much do you have to earn in Nigeria right now to fall under middle class

Itsrm:


No, I disagree. It's because they are no longer reliant on getting new bank accounts as they used do.

I remember when it used to be a thing to celebrate bankers who bring in accounts with huge money to the bank. They will send a mail and copy all staff nationwide.

These days, they no longer do it.

Itsrm:


You've been following the arguments on twitter.

In my opinion, if you have a car, can send your kids to decent schools, feed properly and can afford most basic things you need then you're a middle class earner.

I'll put the amount between 400k-1m monthly.

iamoyindamola:

Car is a luxury why not change the car to a house that is your own
Not paying house rent is a better peace of mind than owning a car you will surely be spending on

BlueRayDick:


lolz

House gangan is the luxury. Do u know what it takes to build a house in Nigeria today? If u can afford to pay ur rent as at when due and fuel a car that belongs to u; then u doing well in middle class.

U go need years of serious savings to even think of digging foundation in Nigeria of today, if not make e no be say na yam u go later plant for that ground wey u dig o

iamoyindamola:

Car is a luxury why not change the car to a house that is your own
Not paying house rent is a better peace of mind than owning a car you will surely be spending on

iamoyindamola:

To get a good car in today nigeria you will be needing from 5m
Are you saying with 5m you can't buy land and build 2 bedroom bungalow with it?

Itsrm:


I read somewhere cement alone will cost you 3m in todays Nigeria to build a 2 bedroom apartment.

Itsrm:


I don't see cars as luxuries. I think it's a necessity.

Secondly, a lot of people including myself belong to a school of thought that it's a waste of money building a residential apartment. It will probably cost me my rent of 50-60 years to build a decent 2 bedroom apartment in PH today. Why will I want to do that?

So one can be a middle class earner and either cannot afford to build his own house or it doesn't just make financial sense to do it.

iamoyindamola:

Wetin happen na
Cement 3m to build house

seankafor:
hmm, so you don't like to be confined in your own space and privacy 🔏?

Itsrm:


You've been following the arguments on twitter.

In my opinion, if you have a car, can send your kids to decent schools, feed properly and can afford most basic things you need then you're a middle class earner.

I'll put the amount between 400k-1m monthly.

iamoyindamola:

To get a good car in today nigeria you will be needing from 5m
Are you saying with 5m you can't buy land and build 2 bedroom bungalow with it?

liveLongNprospa:


400-1m?
Interesting.
But what about holidays? Like travelling to another country atleast once a year. Should that be impossible for a middle class family? Is 1m salary capable of paying for that especially if you have kids?

izzou:


Buy land where?

iamoyindamola:

To get a good car in today nigeria you will be needing from 5m
Are you saying with 5m you can't buy land and build 2 bedroom bungalow with it?

liveLongNprospa:


400-1m?
Interesting.
But what about holidays? Like travelling to another country atleast once a year. Should that be impossible for a middle class family? Is 1m salary capable of paying for that especially if you have kids?

BlueRayDick:


Take it from me as someone who was actively involved in a residential building project between may to September 2023( It was to complete an already roofed uncomepleted building project o) ; N5m will not do shit for u in Lagos as far as building a 2 bedroom is concerned.

Do u even know how much u will do aluminium window? Sharp sand truck, red sand truck, bags of cement, blocks...etc

Omo, u better go use ur N5m buy camry make u dey enjoy ur life

BlueRayDick:


Take it from me as someone who was actively involved in a residential building project between may to September 2023( It was to complete an already roofed uncomepleted building project o) ; N5m will not do shit for u in Lagos as far as building a 2 bedroom is concerned.

Do u even know how much u will do aluminium window? Sharp sand truck, red sand truck, bags of cement, blocks...etc

Omo, u better go use ur N5m buy camry make u dey enjoy ur life

BlueRayDick:


Bankers still get target to get new customers and they still try as much as they can to meet them. At least they still lambast people who don't meet targets at MPR meetings.

What I'm saying is that banks nowadays make money from different channels that were not available to them in the past. Some of the commercial banks have their own fintech like Wema's alat, GTB's squad, etc that competes with other Fintechs as payment solutions which earns them more income. Banks like Accessbank, UBA etc have overseas branches in the UK and other countries. The group does not need to send marketers to come knocking ur door every week like Jehovah witness before they make money nowadays.

That's the point I was trying to make.