Nigerians are known world over as conmen, drug dealers and witchfrats. Bank customers in Uganda, Kenya and Rwanda are in shock after one of the East African banks, Fina Bank was sold to Nigerians. Speculations in Nairobi, Kigali and Kampala are that the Nigerians bought Fina Bank in order to steal peoples’ money.

“We can not trust Nigertians with our money, those guys are crooks,” Agness, one of the Fina Bank customers in Kampala said. The people of East Africa fear to associate with Nigerians because most of the people who forge ATM cards and withdraw peoples’ money in East Africa especially in Kampala are Nigerians or have a connection with Nigerians.

The shock befell on the people of East Africa after learning that Fina bank operations in Rwanda, Uganda and Kenya are to be renamed and rebranded as subsidiaries of Guaranty Trust (GT) Bank. This development comes after Guaranty Trust (GT) Bank acquired 70% stake in Fina Bank stake shares in Uganda, Kenya and Rwanda.

The Guaranty Trust (GT) Bank and the shareholders of Fina Bank recently entered into a share sale and purchase agreement for the acquisition of 70% stake in Fina Bank without the consent of Fina Bank customers.

Guaranty Trust (GT) Bank has business operations in Cote D’Ivoire, Gambia, Ghana, Liberia, Nigeria, Sierra Leone, and United Kingdom. The Guaranty Trust (GT) Bank deals business loans, accounts, personal salaries, savings foreign exchange, treasury and bills banking.

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