A Nigerian Man Akpos walked into a bank in New York City and requested for the loan officer. He said he's going to Nigeria for one month holiday and needed to borrow 1,000 Dollars.
The bank loan officer said the bank will need some kind of security for the loan.
So Akpos hands over the keys of his new Mercedes Benz SL 500.
The car was parked on the street in front of the bank.
The bank agreed to accept the car as a collateral for the loan.
The Bank's CEO and the staff's all laughed at Akpos for using a 110,000 Dollars Benz as collateral for a 1,000 Dollars loan.
An employee of the bank drove the Benz into the bank's underground garage and parked it there.
One month later, Akpos returned from Nigeria, repaid the 1,000 Dollars and the interest which was 10 Dollars.
The loan officer said; Sir we are very happy to do business with you. This transaction worked out nicely, but we are surprised. While you were away, we checked you out and found out that you are a multi-millionaire. What surprises us is, why would you bother to borrow 1,000 Dollars.
Akpos replied; Where else in New York City can i park my car for one month for only 10 Dollars and expect it to be there when i return.
One word for Akpos.
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