*How Nigerian Banks Quietly Eat Your Savings* May 31st, 2025 |Paul Aremo-Oluwa *_Why Leaving Your Money in the Bank is Like Locking It in a Room With Hungry Mosquitoes_* Once upon a time in Lagos, Uncle Mike collected ₦200,000 from his cooperative society. He danced azonto, sprayed small change at Mama Nkechi’s buka, then strolled gallantly into his bank to “keep the money safe.” Two years later, when he checked his balance, his account was hovering around ₦186,000. “Wait, what happened?” he cried. Simple: charges. Uncle Mike had unknowingly hosted a bank party where he brought the meat, the jollof rice, and the cooler, while the bank brought plastic spoons and still chopped the lion's share. 😩 Dear reader, if you, like Uncle Mike, still believe the bank is your “safe place” for growing money, this article is for you. Read it, laugh small, then do better. Because e no go better if you just dey deposit and dem dey deduct.