Good news at last for Northern Rock savers- the Nigerian State Bank has today agreed to buy the beleaguered building society for the sum of £108 billion.
Peter Hillditch, the General Manager confirmed this morning that secret negotiations, which had taken place over the last couple of days had been successful:
"Due to the extremely short timescale in which this deal has been brokered, the terms and conditions are somewhat unconventional. Lagos Bank will transfer £32000 of the money into each of our customers' accounts once we have sent all their details including addresses, passwords and mother's maiden name. We feel that this is a truly wonderful result for all our members."