Lagos is the most exciting city to live and its unpredictable nature gives it a buzz that is endearing and maddening at the same time. Glad January finally ended.
Did you happen to visit any of the banks on Monday 31st? You needed to have witnessed the mad rush by customers trying to update their account records to meet the CBN deadline which ended same day. Some banks could not carry out normal banking services; it was complaints galore from customers who besieged their premises, queuing endlessly.
Usually it's best to avoid going to the bank at the end of the month; you either experience a system downtime or bring your mattress and if you are unlucky to visit any bank that pays public service salaries over the counter, then its double jeopardy for you.
What truly amazes me is the last minute rush by customers to the banks; it's a well-known fact that we tend to do things at the last minute. What will be critical to the exercise is the ability of the banks to process the deluge of documents they now possess. Some banks are notorious for their civil service approach to processing customer transactions.
We just have to wait to see the outcome. But the good news is some banks will finally get the opportunity to close down inactive accounts. I think many people have accounts they never use and I’m guilty too!
I came across the Nigerian Idols show recently and was blown away by the sheer talent of the competitors. It was quite exciting to see young people strut their stuff with passion. Only bit that I found distracting was the comments by the female judge, Yinka. She just does not know when to keep quiet! I really found a lot of her comments distasteful. Dr Sid, the guest judge and Jeffrey did a much better job.
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