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questions & ANSWERS DID THE IGBO KNOW ANYTHING ABOUT BANKING BEFORE?

PREMIER: INTERNATIONAL 06-03-2023
Adeyemi Olajide » Did the Igbo know anything about Banking before?

Did the Igbo know anything about Banking before?

Answer: Yes. Igbo banking was more in the nature of Savings and Loans. The authentic Igbo savings and loans invention called "Isusu' in which contributions are pooled each week and one person, who has the need, collects, is still in practice. Igbo slaves took this invention to the Caribbean Islands where they still practise it and call it "Sue Sue."


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