Like a leopard that can never change its spots, the gangsterism usually associated with the new generation banks has also been extended to other country they now operate. According to a report by City People weekly all is presently not well with two Nigeria banks operating in The Gambia. These banks are Keystone Bank (Gambia) and Access Bank (Gambia) and this explains why the Central Bank of The Gambia (CBG) took over the running of Access Bank and Keystone with immediate effect. When CBG took over on May 5, 2014, the statement was published in many local newspapers. Although the CBG did not give details as to what prompted the sudden takeover by the country’s sale regulatory banking authority, we hear it is as a result of gross mismanagement of the 2 banks. However, the CBG pointed out that the move is meant to stabilize and bring sanity to The Gambia’s Nigerian-dominated banking industry. The CBG said it will henceforth supervise the management of the 2 banks branches in the country. Since the turn of the millennium the Gambia banking industry has been dominated by Nigerian-owned banks, value at billions of dollars. Right now, the story making the rounds in banking circles is that the 2 banks have been badly mismanaged and the management of the 2 banks in Nigeria has recalled many of their Senior Managers back home. A few of them have in fact been fired. But tongues are wagging as to those behind the crisis rocking the 2 banks. As it is, there are allegations and counter allegations flying around as to who and who should be held responsible. There is also alleged reluctance on the part of the management of the 2 banks in Nigeria to set up investigation panels to thorough investigate the fraud content of crisis. So bad has the situation become D189 million). Consequently, the CBG acting under Section 8 (2) (g) of the Banking Act, 2009 decided to return Access Bank (Gambia) Limited to their owners with effect from May 12,2014. The Central Bank of The Gambia says it would continue to ensure that banks in the country operate in a safe and sound manner. For those who don’t know, lets tell you a bit about Access Bank (Gambia) Limited, which is a full service commercial bank operating in The Gambia. It is a private limited liability company incorporated on June 27, 2006. Located at 47 Kairaba Avenue, KS.M.D, The Gambia, The bank is owned 75% by Access Bank Nigeria Plc (A top ten Nigerian Bank) and 25% by Gambian Investors. The Bank commenced operations on October 27, 2006 on receipt of the Central Bank of The Gambia operating license. The Bank’s branch network has significantly expanded since the commencement of operations, The bank has branches at strategic locations in the country with the view of serving its most treasured customers irrespective of location. Currently, the banks staff strength is close to 200 made up of a team of highly motivated professionals. The-bank’s structure is broadly divided into two; which is Operations and marketing. The Operations team ensures seamless service delivery across the various product offerings. The Marketing team is defined by the bank’s market focus which is sub divided into five sectors; Commercial Banking, Retail Banking, Corporate Banking, Public Sector And Treasury/Investment Banking Units. The bank’s robust IT platform, Flexcube 6.2 enables its delivery time and quality service across all channels. As for Keystone Bank, it is a full service commercial bank wholly owned by the Asset Management Corporation of Nigeria (AMCON) and was granted banking license on August 5,2011, by the Central Bank of Nigeria (CBN). The Bank met and exceeded all capital and capital adequacy requirements of the CBN and assumed the deposit liabilities, certain other liabilities and assets of former Bank PHB PIc, following the revocation of the erstwhile bank’s operating License by the CBN. The Chairman of Board of Directors of the bank, Mr. Jacobs Moyo Ajekigbe OFR, had a successful banking career, crowning the final 6 of his 32 years experience as the Managing Director/CEO of First Bank Of Nigeria Plc. The Executive Management Team of the Bank is headed by the Managing Director/CEO, Philip Ikeazor, a professional banker with over 25 years cognate experience. He was General Manager, Corporate Banking, Institutional Banking and Wholesale Banking at Ecobank Nigeria and United Bank for Africa (UBA) at various times and was pioneer Managing Director/ CEO of Ecobank Kenya in 2008.