Nigeria: 'Country Loses N4 Trillion to Financial Crisis'

15 October 2008

The Managing Director of Sterling Bank, Mr. Yemi Adeola has decried the financial crisis in the nation's real sector, saying the country has lost over N4 Trillion to the crisis.

Sterling bank boss who made this amazing revelation in Lagos yesterday, immediately boosted the Lagos State Security Trust with a donation of N100 million from Sterling Bank, harping that it was high time concerted efforts were made to arrest the situation by saving the banks which he pointed out have become endangered species due to attacks by armed robbers.

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