We won’t bail out banks with public funds FG Anounced
The Federal Government has ruled out any possibility of providing bailout funds to banks to boost their operations, following the gale of job losses in the banking sector in the last two weeks.
A top government official told one of our correspondents on Saturday that it would be wrong for the government to bail out the banks with pubic funds because all the other sectors of the economy were faced with one challenge or the other.