Millions of customers are on the brink of losing their hard-earned money to another round of consolidation, if the banks go ahead to recapitalize their operation, Bold News has learnt.
This came, as Federal Government, through the Central Bank of Nigeria(CBN) is pressuring banks to increase their capital, in order to provide effective operation.
Industry source, who pleaded annoymity, said the banks aware of the development, ditto the government.
The source said:” The banks and the government are aware about the plans to raise capital for operation. However, depositors, whose money would be use for recapitalization may be caught unaware. That is too bad, as nobody knows exactly, the date set for recapitalization


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