When Will We Nigerians Learn?

I was reading a post on Nairaland where someone was contemplating suing First Bank for denying him a business loan. 

My question is: when will we learn that banks will say anything just to have you open an account with them?? They can even promise you a wife, husband, house, etc just to get you to open that account. Please do not fall for all those their cheap scams.


Read his story below:

I have a corporate account with First Bank. Last June 2013, I applied for an Operational Vehicle Loan of 2.7million naira. They said I would pay 30% equity which I consented. Thereafter, they requested for several documents: (1) 3 years financial statement (2) cash flow (3) statement of networth (4) Registered company documents and others. (5) 1 year Statement of Account Initially, the Business Manager told me that it won't take more than 3weeks to get the loan processed. To my surprise, its taking over 5 months or so and nothing is doneAnd the worst part is that the Business Manager is neither picking my calls nor replying my sms's.

I further went to report to the Area Manager(Branch Development Manager-BDM). The BDM apologised to me and asked me to get back to the Business Manager. 3days after, the BM is yet to pick my calls nor reply my SMS. 

I want to ask my lawyer to write them. When First Bank approached me for opening of account last year, I told them I can't run an account without any support to my business. They agreed to givee all the necessary support after running the account for 6months. Furthermore , it cost me money to provide some of the documents they requested for. I paid a chartered Accountant to prepare those documents. 

I need your contributions. If I don't hear from them till on December 2,2013, I will have to commision my lawyer to write them

If his lawyer is to sue so the bank gives him the N2.7  million loan, then he should have a rethink because the lawyer (say even a moderately good one) would cost him nothing less than that amount and the case would probably stay years in court before judgement would be passed.

Brother, kpele!! That is the price we pay for not being Dangote, Adenuga, etc.