Financial expert Njoku Nkwachukwu has mentioned ways customers can identify banks that are struggling in Nigeria.
Nkwachukwu, a guest on Nigeria Info’s Hard Facts, spoke on the strength and stability of Nigerian banks following the Central Bank of Nigeria’s revocation of the operating licence of Heritage Bank.
While explaining what the bank should have done to prevent their licence from being revoked, he said Nigerians should not worry about the banking sector but pay attention to the operations of their banks.
He noted that failed transactions and unexplained branch closures are red flags that should be taken note of.
“When you go to your bank branch and it happens that the transaction you want to do, they were unable to do it, it's a red flag,” he said.
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