Mr Ogbonna gave Oxbridge TC students an exciting, inspiring and insightful presentation on banking in Nigeria. He formally introduces himself as a manager for Access Bank, and informs student that this presentation is going to be an interactive session. So students should feel free to ask questions at any time.
Mr Ogbonna’s definition of banking?
Any institution offering deposits subject to withdrawal, on demand and making loans of commercial or business nature.
History of banking
Where banks are needed; if there is an economy there is a bank. Any subsistence economy, where everybody produces for themselves will need a bank.
Goldsmiths were the first set of bankers; they mainly kept valuables and running cash for customers.
The genesis of banking can be traced to the development of trading/business activities over the years.
The Oldest bank in the world Coutts and Co, now part of the Royal Bank of Scotland.
First records of banking in Nigeria were in 1892. The first bank in Nigeria was the African Bank Cooperation now aptly known as "First Bank of Nigeria".
Banking regulation in Nigeria
Out of 25 banks in Nigeria only 4 survived during 1952-1958, due to lack of regulation
A Model Banker
Mr Ogbonna’s definition of banking?
Any institution offering deposits subject to withdrawal, on demand and making loans of commercial or business nature.
History of banking
Where banks are needed; if there is an economy there is a bank. Any subsistence economy, where everybody produces for themselves will need a bank.
Goldsmiths were the first set of bankers; they mainly kept valuables and running cash for customers.
The genesis of banking can be traced to the development of trading/business activities over the years.
The Oldest bank in the world Coutts and Co, now part of the Royal Bank of Scotland.
First records of banking in Nigeria were in 1892. The first bank in Nigeria was the African Bank Cooperation now aptly known as "First Bank of Nigeria".
Banking regulation in Nigeria
Out of 25 banks in Nigeria only 4 survived during 1952-1958, due to lack of regulation
A Model Banker
- Is very prudent
- Pursues a straight forward upright and legitimate business
- Recognises the associated risks and takes a conservative approach
Miss T. Raji
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