Giwa Ihesha
Member
About two years ago, my mother had a failed POS transaction using her UBA Bank card. I think it was for N200,000 or so.
She kept going to the bank for that money, but it was never reversed. When she reported it to me, I called them, and they said she should go to her branch and give them the failed transaction slip.
She did.
Until today, that money has not been reversed.
And because the account is not in my name, there was little I could do, especially because we don’t live in the same city.
These days, when I open my email or the inbox of any of my social media handles, I see people reporting one case or another to me.
Many have made attempts to resolve their issues through other established channels like the police, courts, regulators, and other institutions, but they met even more frustration.
This is why people run to people like VDM, me, Sowore, and many others with reasonably large followings.
Because there’s nowhere else to turn to.
Court cases take years and cost so much money.
The police only pay attention if you have more money to spend.
Big corporations in Nigeria take advantage of these loopholes to steal from and deal mercilessly with ordinary Nigerians.
Look at the screenshot below and ask yourself: How many people have these banks done this to and gotten away with it?
Mayor Chikwe is just one in tens of millions.
For some, it’s just N100.
For some, it’s N1,000.
They look at the amount, consider the stress, time, and money it would take to recover the little the banks stole from them, and simply move on.
Now imagine that happening to millions of Nigerians.
The banking system is deliberately the way it is, not because they lack the resources, infrastructure, or technology to make things work as they should, but because they make so much money from the frustration of the people.
And the regulators?
They are in bed with them.
As long as one hand greases another, the rest of Nigerians can go f**k themselves.
-KAA
#kaa_truths
She kept going to the bank for that money, but it was never reversed. When she reported it to me, I called them, and they said she should go to her branch and give them the failed transaction slip.
She did.
Until today, that money has not been reversed.
And because the account is not in my name, there was little I could do, especially because we don’t live in the same city.
These days, when I open my email or the inbox of any of my social media handles, I see people reporting one case or another to me.
Many have made attempts to resolve their issues through other established channels like the police, courts, regulators, and other institutions, but they met even more frustration.
This is why people run to people like VDM, me, Sowore, and many others with reasonably large followings.
Because there’s nowhere else to turn to.
Court cases take years and cost so much money.
The police only pay attention if you have more money to spend.
Big corporations in Nigeria take advantage of these loopholes to steal from and deal mercilessly with ordinary Nigerians.
Look at the screenshot below and ask yourself: How many people have these banks done this to and gotten away with it?
Mayor Chikwe is just one in tens of millions.
For some, it’s just N100.
For some, it’s N1,000.
They look at the amount, consider the stress, time, and money it would take to recover the little the banks stole from them, and simply move on.
Now imagine that happening to millions of Nigerians.
The banking system is deliberately the way it is, not because they lack the resources, infrastructure, or technology to make things work as they should, but because they make so much money from the frustration of the people.
And the regulators?
They are in bed with them.
As long as one hand greases another, the rest of Nigerians can go f**k themselves.
-KAA
#kaa_truths