When Nigeria’s Banks Silence the Press: Inside Their Reputation Protection Racket
Nigeria’s leading banks preach transparency and investor protection in annual reports. Behind the scenes, they hire expensive reputation managers to bury stories of board resignations, governance probes and legal troubles. Journalists who dare to expose these practices face defamation suits, arrests and even imprisonment. Vendors who refuse to collude are blacklisted, threatened and forced into crippling debt. Millions in hard currency are allegedly used to scrub past scandals and protect major clients while regulators turn a blind eye. Ordinary Nigerians remain unaware of hidden risks on bank balance sheets. Shareholders deserve honesty. Journalists deserve the freedom to report without fear. It is time for real accountability in Nigeria’s banking sector.
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