Why Banks, CEOs Are Under Attack As Election Nears

It’s another vicious cycle, all over again.

The banking industry is in another round of trouble as another general election looms.

The multi-billion naira, carefully crafted perception about banks and invaluable image of their Chief Executive Officers are on the line as government wage a supposed anti-corruption war.

“The truth is that the corruption war is targeted at political opponents and the banks and their administrators are caught in the middle” a source pointed out to societynow.ng.

The banks as custodian of people’s – individuals, government and business entities – funds are naturally invited for questioning in whatever allegations thrown at the targeted politicians.

“And mischief makers make a mountain hole of this development decorating the banks and their administrators in very dark colors” a source disclosed.

Multiple sources inform societynow.ng “those players in the banking industry dread this period”.

“It put their business and all they stand for at great risk” a source disclosed to societynow.ng and shed better light “because even they are invited for routine questioning and cleared in whatever case involved, the blazing headlines of arrested or invited for questioning for fraud certainly do not help their businesses.”

Societynow.ng ‘s checks revealed that the development is already on.

Different corruption cases are springing up against members of the opposition parties and banks’ executives are being invited for questioning over transactions handled in order to make the charges stick.

And the blazing headlines across social media platforms have started hitting the banks very hard.

“But the curious thing is that the banking industry, which is serving as collateral damage in the face of between politicians, brings more to national development than what it is being sacrificed for!.” a source pointed out to societynow.ng.

“The effect of painting the nation’s leading banks as corrupt or their heads invited, not to even talk of arrested for complicit in a fraud case is in the international financial market is better imagined” another source pointed out to societynow.ng.