The brains behind the Rumors and De-Marketing in the Banking Industry

I refer you to Vanguard Newspaper lead story of 31 March 2009 and a similar story in the Punch Newspaper of 31 March 2009. It appears that the brains behind the rumors and De-Marketing in the banking industry are gradually being unveiled. Information flowing out is indicating that a particular old generation bank is actually spreading rumors targeting customers of Oceanic Bank, Intercontinental Bank and Zenith Bank. It is also becoming clearer that the purpose is to scare off the depositors of the banks and move their deposits to the old generation bank.

There is also clearer evidence in the Money Market that staff of this particular old generation bank are actually spreading rumors about the targeted banks. The CBN should not shy away from bringing the offenders to book, even publicly since it had stipulated punishment for De-Marketing.