The introduction of the structural Adjustment programme in 1986 as a panacea to economic depression in Nigeria has witnessed incessant but erratic policy adjustment and this has a direct consequence on the Banking and financial sectors of the economy. In fact the development has almost crippled the sector, all in an attempt to restore the dwindling fortunes of the economy. As a result of the stiffer regulations, controls and deregulations through the mechanism of increased bank licensing, interest and foreign exchange rates structures and the ruthless issuance of stabilization securities effect, the banking sector was forced to surrender the arm chain Banking and adopt new dynamic strategies in developing and marketing its financial products. This was how the new ideas, marketing plan, and strategy were conceived and developed by the Banks. Hence the Banks went back to the drawing board to fashion out the best way forward with a view to consolidating their customers base thorough the design of new products.