No one is praying to die unexpectedly but the obvious truth is that people die unexpectedly everyday.

 As you leave your house, it's only God that knows whether you will make it home alive or not. We are not praying for the worst but we need to let at least one person in our family especially wife or children to know all the secrets of our bank accounts, ATM pins and everything they need to know in order to withdraw money from our accounts in case something happens.

*Read the confession and warnings of a bank manager.* After reading this, share to your husband or wife or children of the assets and money you have in bank accounts. Wives also inform your husbands.
Please read the warnings of a female bank manager.....

While talking with a female bank manager she made a scary revelation to me. She told me how Nigerian bank vaults are filled with monies of dead men who kept their bank accounts secret from their wives.

She explained it was against bank ethics or policies for an account officer to inform the relatives of a deceased customer of his account (without his permission). And since the man is dead without giving his permission the bank dubiously keeps silence on the money. She told me it is rampant among many businessmen, even the Christians. She revealed many instances of dead men whose families are still suffering even though they have millions stashed in their secret accounts.
She mentioned one that happened few months back. The man died and the wife was crying all over the place, looking for money to bury him or even do his funeral. Whereas the man had nothing less than 60 million naira in his accounts. The banker said it got to a stage that she could no longer bear it, her conscience was pummelling her.

She had to go against her bank rules, and got in contact with the widow and revealed to the woman how much her husband had in his accounts and how to claim them. She also told of another story of one man who escaped death but his right hand was paralysed.

He couldn't sign his chequebook with his left hand and he was in a desperate situation that needed him to sign papers and cheques. That was how he learnt his own lesson the hard way. As soon as he got better, he immediately made his wife co-signatory to all his accounts and involved her in all his businesses. What if he had died? So, that was how his family would have suffered in the midst of plenty.
This stupid behaviour is not reserved for wealthy men alone, even paupers who earn little too have their own complex issues. I just read on the wall of an Igbo group where a man complained of how his friend refused to release his ATM Pin Number to his wife even though there was an emergency at home, and his ATM was at home.

Many orphans and widows that are suffering today are put in that condition by their uninformed dead father. Women and Retirees are not left out; someone told me how a relative of hers died and none of her relatives knew where all her properties scattered all over the world are.

Not even one house. Not even a dime in her accounts. If you knew billions unclaimed in banks belonging to selfish dead people, you would weep. Banks and Bankers grow fat on these oafs. Please do the needful now that you still have the breath to do so, of course tomorrow is pregnant and only God knows what it will deliver. A word is enough for the wise daddy and mummy.

Thank u.

With crude oil price rising steadily above benchmark level approved in the 2019 budget, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday warned the federal government against embarking on a spending spree. It urged the government to begin to save for the rainy day.

In its communique at the end of its two-day meeting in Abuja on Tuesday, the committee asked the federal government to urgently build financial buffers through a more realistic crude oil price benchmark in its budget.

“The crude oil benchmark in the 2019 budget is $60 per barrel at 2.3 million barrels per day output level. Now that price is almost at $70 per barrel, what the MPC is saying is that there is no need for government to say it should begin to spend since we have more money by increasing the budget benchmark from $60 per barrel to say $69 or $70.

“If the money is realised between $69 and $72, we should save and build buffer for the rainy day when it happens,” the committee said.

Also, the committee recommended a framework to speed up the recovery of delinquent loans in the banking system and open up access to credits to the real sector to boost growth of the economy.

The committee also called on the CBN to urgently establish modalities to promote consumer and mortgage lending in the economy to boost the flow of credit to the real sector and drive output growth.

Sustaining Growth

The CBN governor, Godwin Emefiele, said the MPC noted the National Bureau of Statistics (NBS) Gross Domestic Product (GDP) report which showed the economy grew by 2.01 per cent in the first quarter of 2019 compared with 1.89 per cent in the corresponding quarters of 2018.

Driven largely by the non-oil sector, which grew by 2.47 per cent in the first quarter of 2019, against the contraction of the oil sector by 2.40 per cent during the period, the committee said real GDP is projected to grow by 2.34 and 2.36 per cent in the second and third quarters respectively.

The committee, however, observed that actual output in the economy remained below its potential. It urged the federal government to take steps to sustain the stability in the financial system; continue the special interventions in agriculture, manufacturing and small and medium enterprises sectors by the banks.

The committee emphasised the need to sustain efforts in improving transport infrastructure to address distribution challenges; continue expansion of business activities and increase supply of foreign exchange to growth-stimulating sectors of the economy.

To boost capacity for non-inflationary growth in the economy, the MPC stressed the need for increased credit delivery to the private sector as the main engine of growth.

The committee frowned at the poor flow of credit from the Deposit Money Banks (DMBs) to the private sector, urging the CBN to urgently take steps to curb the growing appetite of the banks to patronise other sectors.

Curbing Inflationary Pressure

The MPC called for a close monitoring of rising inflationary pressures in April 2019, driven largely by food shortages during the Easter season, the commencement of the planting season as well as persisting security challenges in some of the food producing regions of the country.

Urging the relevant authorities to strengthen efforts to address the security challenges and improve food production, the MPC encouraged financial intermediating institutions to ensure loans to the agricultural sector were channeled effectively to end users.

Noting moderating non-performing loan (NPL) ratios from about 19 per cent on the average a year or two ago, and from 15 to 17 per cent average to current level of about 10 per cent, the committee said it remained above the prudential benchmark of five per cent.

It expressed optimism that the steps to be taken by the CBN to support the banks through structured engagements in administrative, legal and regulatory framework to mitigate credit risks.

This, it said, will open up the credit delivery to the economy and bring the NPLs down to an acceptable level as well as encourage the DMBs to start lending money more ‘aggressively’ to sectors considered to be risky.

The committee called on the CBN to provide a mechanism to limit DMBs access to government securities, saying such unfettered access “was crowding out private sector lending.”

Curbing banks’ dealings on government securities, the MPC noted, would redirect lending focus to the private sector and spur the much needed growth in the economy.

It called on the government to use all machinery at its disposal to increase tax revenues to enable the government fund its budget adequately.