| Re: Revealed: Practices In Nigerian Banks That Will Shock You by ojay2053(m): 5:17pm On Nov 20, 2015 |
Mtchew, thought it's about how they use someone's money for business especially when you want to transfer fund to foreign account. And they'll be like "the reason why it hasn't gotten to the beneficiary is because it's on cue/hold, bla bla bla. Ndi ori, some naija banks are annoying. Can't render quality service. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by marlockj: 5:18pm On Nov 20, 2015 |
maximunimpact:
The Nigerian banking work environment has recently gained the attention of powers that be, people are beginning to ask questions about some actions and in-actions of top managements in commercial banks especially policies that has to do with welfare of its employees and unrealistic targets placed on them.
Well this article is not about “targets”, as that has to be a story for another day. This is about some of the practices that happens in the bank that you never knew exists. It is true that every organization out there have rules of engagement which employees must abide by and to the best of my knowledge this is standard practice.
But why would you be interested to know what happens in the bank behind the scene in the first place? Let’s say you gave your neighbor some good amount of money to keep, and all of a sudden your beloved neighbor started upgrading his kitchen aroma, and you notice some change in the standard of living, wouldn’t you get worried about your money? Yes you do want to know what happens behind the banking hall! We are talking about people whose custody our money lies.
In this piece am going to enumerate some of the practices both written and unwritten policies which guides bankers in the discharge of their duties. Anyway since our lawmakers are investigating bank managements, I will help them speed up the process for quicker result (pun intended).
The following are my personal experience over the years in the industry:
BANKERS ARE NOT ALLOWED TO OWN ACCOUNTS IN OTHER BANKS: Bank employees are not allowed to operate bank accounts in other commercial banks, this is to enable them know everything about your financial standing. If you previously own accounts before your appointment, it is expected that you declare them. But make sure you are not making false declaration or else the CCT will be your guest (pun intended).
YOUR ACCOUNT BALANCE MUST BE PROPORTIONAL TO YOUR MONTHLY SALARY: While you are expected to save all your money in one account in your bank, it is expected that your balance at any time should be proportional to your salary. What this means is that if your salary is N100,000 and you have just worked for only six months and then your balance is N800,000, you may be inviting a beaming searchlight over your head. It will not be long until a query is issued demanding explanation for the indiscrepencies. Well there is nothing wrong about this practice, we are talking about peoples’ money here, and great care must be taken to safeguard it.
YOU CANNOT JUST LIVE ABOVE YOUR MEANS: Closely related to the above, maybe you are a big boy before your appointment and just few months with the bank you want to show off your expensive cars, jewelries, clothes and all the good things of life; you may be queried or reprimanded about your extravagance and if you are too big to contain, the bank may have to let you go.
YOU CANNOT MARRY YOUR CO-WORKER: This may not be news to you anyway, relationships are permitted among employees, albeit with slight oversight; but when it is tilting towards marriage, one of the pairs may have to consider resignation. There is nothing to worry about this buddy, it’s all about protecting our money, you never can tell what happens between husband and wife because the bond is so strong that the bank cannot contain.
YOUR BOSS CAN MAKE OR MARE YOU: In the bank there are three ways of doing things; the right way, the wrong way and the boss’s way. Believe me when I say doing things the right way cannot always guarantee your promotion or professional well-being, doing it the wrong way is not an option either, but I guarantee you will be much safer doing it ‘the bosses’ way”. You want to know why bosses’ way supersedes the right way? Try read the book “48 laws of power” and you will understand why your boss is always right. It was fun watching my boss peeing in his pants at the sight of his boss, at that point back then I will be feeling like “how does it feel boss? It is like a circle, it goes around. Everyone have a boss, and that is how it works. The most dangerous part of this arrangement is that your promotion is to a large extent in the hands of your boss.
THERE ARE PROFESSIONAL STAFF AND NON-PROFESSIONAL STAFF: This is one bitter pill hard to swallow. The bank refers to their employees as “professional staff” while the contract staff are called “support staff”. These support staff are mainly the HND and OND recruits through outsourcing companies. These set of employees are like “second class citizens” in the scheme of things and their opinion may not count that much. One funny question a colleague was asking then was: how can you call me an unprofessional staff and expect me to behave professional? Well if you fall into this category of bankers, you have no choice but to be professional in attending to customers even though you are not a professional staff.
YOU ARE NOT ALLOWED TO ACCEPT TIPS FROM CUSTOMERS: This is one policy that is almost impossible to abide by. What? I should not accept a token of appreciation from my hard work? There are so many names given to tips, some call it thank you sir (TYS) others call it COT (cost of transaction) while up North our brothers call it nagwode. You can call it all you want but we are all saying the same thing! The bank says you should not accept it except during festive period. And even when the collection mode is activated, there is a limit to how much you can accept. I bet from the MD to the cleaner, everyone has once broken this rule.
TELLERS ARE NOT ALLOWED TO BE WITH THEIR PHONES DURING BANKING HOURS: You can call it “standard practice” all you want, but the impact is great. Tellers or any staff that deals on cash transactions are not permitted to be in custody of their cell phones between the hours of 8.00AM – 4.00PM, this rule is made for the safety of customers. A case study is when a customer was rubbed after withdrawal, the customer came back and accused the teller of informing the criminals about the withdrawal simply because the teller was answering a call during the transaction. This singular incident gave birth to this rule till this day! Fair right? Yes it’s all for the safety of customers and to be more attentive to the job, cell phones can be a big distraction if not tamed.
BANKERS ARE NOT ALLOWED TO ACTIVELY RUN ANOTHER BUSINESS: It’s simply loyalty! The bank demands an undivided loyalty and commitment from their employees. In some of their staff handbook, there is a clause that insinuates a bank staff is not allowed to get involved in any business that will demand an active presence. If you must invest in other business, make sure it does not in any way interfere with your duties in the bank, or else you may have to consider doing it full time.
YOUR INTEGRITY WILL BE TESTED EVERY WEEK: The word “integrity” is like the love and vow couple confess to each other during marriage, to make the bond stronger the words “i love you” is often used to show continued commitment to the bond. Your integrity is not a one-off thing, it needs to be tested always for a continued relationship between you and your bank. The moment your integrity is in doubt, a divorce is imminent. How do they carry out this test? Well it can come in different forms, in order to remain in business with the bank you must declare all your “overages” and “shortages” accordingly. Again this is standard practice, you do not want a thief to be in custody of your money.
These facts are not necessarily bad practices, but it is for the sake of informing aspiring bankers what is obtainable in the system. So you still want to be a banker? You better start getting used to these rules.
http://www.financialwatchngr.com/2015/11/20/revealed-practices-nigerian-banks-will-shock/
Lie I have a very close frnd in zenith. I personally open access bank account for him. Why I had to open cuz he got no tym to leav the bank,he only collect ATM himself. D token also they collect!!! Also phone he do reply my whatsapp msg n evn receive my calls wen not busy,so not being with phone is a lie.it may not be all banks bt, this my guy rec calls. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by jeje123(m): 5:20pm On Nov 20, 2015 |
JUSTbuchi:
Op some of what you wrote up there ain't true
My elder bro works in a bank,diamond bank precisely and he has accounts in gtb and first bank
Secondly he's married to a banker who works in same diamond bank u may have account wit oda bank but try to be wise secretly is not allowed anywia and marry a co-worker in d same bank is possible but dat couple will not bear d same surname yes ask anybdy |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by Creamish(f): 5:20pm On Nov 20, 2015 |
Kachisbarbie:
Happy birthday in arrears. Where cake? 
I think the Op should have said some banks, but looking at it holistically these rules work in lots of banks.
He clearly stated that it's the standard, it doesn't mean there are no exceptions or rules are not broken. After all, how many bankers can look their Internal control in the face and admit having numerous accts or side businesses? hahaha... Ur cake dey fridge.  Yeah ..he shuld have said some banks. U can't run a business in my bank...it's an outright sack. The only comma I had with his write-up is the marriage thingy. Every other thing makes sense. Some cannot be done boldly..eg tips. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by Creamish(f): 5:22pm On Nov 20, 2015 |
jeje123:
u may have account wit oda bank but try to be wise secretly is not allowed anywia and marry a co-worker in d same bank is possible but dat couple will not bear d same surname yes ask anybdy not in all banks oooo... It is allowed in a bank iv been mentioning. U can get married and bear the same name.. its allowed in the HR policy. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by Nobody: 5:26pm On Nov 20, 2015 |
Creamish:
hahaha... Ur cake dey fridge.
Yeah ..he shuld have said some banks. U can't run a business in my bank...it's an outright sack. The only comma I had with his write-up is the marriage thingy . Every other thing makes sense. Some cannot be done boldly..eg tips. Gbam!
That's the only comma I see too o.
Distance is a barrier, see cake just dey fridge dey waste.  issorite, some day I will eat that cake. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by Creamish(f): 5:35pm On Nov 20, 2015 |
Kachisbarbie:
Gbam!
That's the only comma I see too o.
Distance is a barrier, see cake just dey fridge dey waste. issorite, some day I will eat that cake. Don't worry luv.. I owe u a cake so if we ever meet, put that on my tab.  |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by senator2b: 5:38pm On Nov 20, 2015 |
maximunimpact:
The Nigerian banking work environment has recently gained the attention of powers that be, people are beginning to ask questions about some actions and in-actions of top managements in commercial banks especially policies that has to do with welfare of its employees and unrealistic targets placed on them.
Well this article is not about “targets”, as that has to be a story for another day. This is about some of the practices that happens in the bank that you never knew exists. It is true that every organization out there have rules of engagement which employees must abide by and to the best of my knowledge this is standard practice.
But why would you be interested to know what happens in the bank behind the scene in the first place? Let’s say you gave your neighbor some good amount of money to keep, and all of a sudden your beloved neighbor started upgrading his kitchen aroma, and you notice some change in the standard of living, wouldn’t you get worried about your money? Yes you do want to know what happens behind the banking hall! We are talking about people whose custody our money lies.
In this piece am going to enumerate some of the practices both written and unwritten policies which guides bankers in the discharge of their duties. Anyway since our lawmakers are investigating bank managements, I will help them speed up the process for quicker result (pun intended).
The following are my personal experience over the years in the industry:
BANKERS ARE NOT ALLOWED TO OWN ACCOUNTS IN OTHER BANKS: Bank employees are not allowed to operate bank accounts in other commercial banks, this is to enable them know everything about your financial standing. If you previously own accounts before your appointment, it is expected that you declare them. But make sure you are not making false declaration or else the CCT will be your guest (pun intended).
YOUR ACCOUNT BALANCE MUST BE PROPORTIONAL TO YOUR MONTHLY SALARY: While you are expected to save all your money in one account in your bank, it is expected that your balance at any time should be proportional to your salary. What this means is that if your salary is N100,000 and you have just worked for only six months and then your balance is N800,000, you may be inviting a beaming searchlight over your head. It will not be long until a query is issued demanding explanation for the indiscrepencies. Well there is nothing wrong about this practice, we are talking about peoples’ money here, and great care must be taken to safeguard it.
YOU CANNOT JUST LIVE ABOVE YOUR MEANS: Closely related to the above, maybe you are a big boy before your appointment and just few months with the bank you want to show off your expensive cars, jewelries, clothes and all the good things of life; you may be queried or reprimanded about your extravagance and if you are too big to contain, the bank may have to let you go.
YOU CANNOT MARRY YOUR CO-WORKER: This may not be news to you anyway, relationships are permitted among employees, albeit with slight oversight; but when it is tilting towards marriage, one of the pairs may have to consider resignation. There is nothing to worry about this buddy, it’s all about protecting our money, you never can tell what happens between husband and wife because the bond is so strong that the bank cannot contain.
YOUR BOSS CAN MAKE OR MARE YOU: In the bank there are three ways of doing things; the right way, the wrong way and the boss’s way. Believe me when I say doing things the right way cannot always guarantee your promotion or professional well-being, doing it the wrong way is not an option either, but I guarantee you will be much safer doing it ‘the bosses’ way”. You want to know why bosses’ way supersedes the right way? Try read the book “48 laws of power” and you will understand why your boss is always right. It was fun watching my boss peeing in his pants at the sight of his boss, at that point back then I will be feeling like “how does it feel boss? It is like a circle, it goes around. Everyone have a boss, and that is how it works. The most dangerous part of this arrangement is that your promotion is to a large extent in the hands of your boss.
THERE ARE PROFESSIONAL STAFF AND NON-PROFESSIONAL STAFF: This is one bitter pill hard to swallow. The bank refers to their employees as “professional staff” while the contract staff are called “support staff”. These support staff are mainly the HND and OND recruits through outsourcing companies. These set of employees are like “second class citizens” in the scheme of things and their opinion may not count that much. One funny question a colleague was asking then was: how can you call me an unprofessional staff and expect me to behave professional? Well if you fall into this category of bankers, you have no choice but to be professional in attending to customers even though you are not a professional staff.
YOU ARE NOT ALLOWED TO ACCEPT TIPS FROM CUSTOMERS: This is one policy that is almost impossible to abide by. What? I should not accept a token of appreciation from my hard work? There are so many names given to tips, some call it thank you sir (TYS) others call it COT (cost of transaction) while up North our brothers call it nagwode. You can call it all you want but we are all saying the same thing! The bank says you should not accept it except during festive period. And even when the collection mode is activated, there is a limit to how much you can accept. I bet from the MD to the cleaner, everyone has once broken this rule.
TELLERS ARE NOT ALLOWED TO BE WITH THEIR PHONES DURING BANKING HOURS: You can call it “standard practice” all you want, but the impact is great. Tellers or any staff that deals on cash transactions are not permitted to be in custody of their cell phones between the hours of 8.00AM – 4.00PM, this rule is made for the safety of customers. A case study is when a customer was rubbed after withdrawal, the customer came back and accused the teller of informing the criminals about the withdrawal simply because the teller was answering a call during the transaction. This singular incident gave birth to this rule till this day! Fair right? Yes it’s all for the safety of customers and to be more attentive to the job, cell phones can be a big distraction if not tamed.
BANKERS ARE NOT ALLOWED TO ACTIVELY RUN ANOTHER BUSINESS: It’s simply loyalty! The bank demands an undivided loyalty and commitment from their employees. In some of their staff handbook, there is a clause that insinuates a bank staff is not allowed to get involved in any business that will demand an active presence. If you must invest in other business, make sure it does not in any way interfere with your duties in the bank, or else you may have to consider doing it full time.
YOUR INTEGRITY WILL BE TESTED EVERY WEEK: The word “integrity” is like the love and vow couple confess to each other during marriage, to make the bond stronger the words “i love you” is often used to show continued commitment to the bond. Your integrity is not a one-off thing, it needs to be tested always for a continued relationship between you and your bank. The moment your integrity is in doubt, a divorce is imminent. How do they carry out this test? Well it can come in different forms, in order to remain in business with the bank you must declare all your “overages” and “shortages” accordingly. Again this is standard practice, you do not want a thief to be in custody of your money.
These facts are not necessarily bad practices, but it is for the sake of informing aspiring bankers what is obtainable in the system. So you still want to be a banker? You better start getting used to these rules.
http://www.financialwatchngr.com/2015/11/20/revealed-practices-nigerian-banks-will-shock/
i totally disagree with the first & Second write up, i have some friends who work in the bank and still have an account with other banks too. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by Nobody: 5:42pm On Nov 20, 2015 |
1 Like |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by AKAKAK(m): 5:44pm On Nov 20, 2015 |
The op does not know anything about banking
BANKERS ARE NOT ALLOWED TO OWN ACCOUNTS IN OTHER BANKS: This is pure lie almost all bankers have accounts in other banks here is absolutely no element of truth in this
YOUR ACCOUNT BALANCE MUST BE PROPORTIONAL TO YOUR MONTHLY SALARY: Another lie, before you can be questioned your balance must be excessively high like 1000% of your income
YOU CANNOT JUST LIVE ABOVE YOUR MEANS: The biggest lie many bankers actually live above their means and borrow perpetually
YOU CANNOT MARRY YOUR CO-WORKER This is very true for most banks
YOUR BOSS CAN MAKE OR MARE YOU: This is also true to a large extent
THERE ARE PROFESSIONAL STAFF AND NON-PROFESSIONAL STAFF: This is true just that full staff instead of professional staff
YOU ARE NOT ALLOWED TO ACCEPT TIPS FROM CUSTOMERS: There is this rule but most tellers don't follow it
TELLERS ARE NOT ALLOWED TO BE WITH THEIR PHONES DURING BANKING HOURS :True
BANKERS ARE NOT ALLOWED TO ACTIVELY RUN ANOTHER BUSINESS: Called conflict of interest but most bankers don't follow this rule
YOUR INTEGRITY WILL BE TESTED EVERY WEEK: True |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by noblegrex: 5:49pm On Nov 20, 2015 |
maximunimpact:
u have no idea about what you are saying.....those who indulge in having many accounts are doing it at their own risk and it is illegal. as for business I wrote it should not interfer with the bank job, where in the right up did you see thou shall not do any other business? your comments about marriage truly exposed your ignorance on banking matters. you'll have people like that everywhere.they can't help and they'll criticize those doing it.why can't he think of putting up something like that if he so much has idea of what they're doing in Banks.no mind am,u don try. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by Nobody: 5:50pm On Nov 20, 2015 |
menix:
People should stop saying what they don't know..
It's a law but an old law that staff keep beating..
My Boss then was married to a staff who works at Marina but the wife must maintain her old surname.
Infact my Brother is married to an HR officer yet they re still within the system but on code.. I have friends who are married in Zenith (The man was transfered to a different branch.) And the bank was aware of the marriage. Not all banks bro... 1 Like |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by WoodcrestMayor(m): 5:54pm On Nov 20, 2015 |
Some banks allow you to marry within.Dey only make sure u dont work in the same dept to guard against conflict of interest. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by SavageGarden(m): 6:00pm On Nov 20, 2015 |
What's this op even saying? Do you know how many times I've given tips to tellers..they even confidently ask you..like its a right..somebody tell this op to stop spreading lies..what arrant nonsense I'd this...and many tellers punch their phones too! |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by buragidi(m): 6:01pm On Nov 20, 2015 |
maximunimpact:
u have no idea about what you are saying.....those who indulge in having many accounts are doing it at their own risk and it is illegal. as for business I wrote it should not interfer with the bank job, where in the right up did you see thou shall not do any other business? your comments about marriage truly exposed your ignorance on banking matters. Ur Bank must be Zenith Bank |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by menix(m): 6:03pm On Nov 20, 2015 |
Strahovski:
I have friends who are married in Zenith (The man was transfered to a different branch.) And the bank was aware of the marriage.
Not all banks bro... When you say the bank is aware, what do you mean  Is Human Resource department aware If u go through my post, I said people beat the law, cous those who re even suppose to keep the law re guilty.. What they do is that the lady keeps her original surname as long she intends staying at the bank.. People work for there transfers inorder to avoid the vices of working with her in same office. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by Nobody: 6:23pm On Nov 20, 2015 |
ednut1:
tell me more mr i know it all.i no get ur time. illegal indeed worked there for a year i guess u were either fired for disobeying direct order or relieved a support staff. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by mikolo80: 6:37pm On Nov 20, 2015 |
maximunimpact:
u have no idea about what you are saying.....those who indulge in having many accounts are doing it at their own risk and it is illegal. as for business I wrote it should not interfer with the bank job, where in the right up did you see thou shall not do any other business? your comments about marriage truly exposed your ignorance on banking matters. and you are slave or very ignorant. do you know what illegal means? na to get bank work hammer for court case if them disturb me about account in another bank. illegal ko leggedis ni |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by comradee1248: 6:38pm On Nov 20, 2015 |
maximunimpact:
The Nigerian banking work environment has recently gained the attention of powers that be, people are beginning to ask questions about some actions and in-actions of top managements in commercial banks especially policies that has to do with welfare of its employees and unrealistic targets placed on them.
Well this article is not about “targets”, as that has to be a story for another day. This is about some of the practices that happens in the bank that you never knew exists. It is true that every organization out there have rules of engagement which employees must abide by and to the best of my knowledge this is standard practice.
But why would you be interested to know what happens in the bank behind the scene in the first place? Let’s say you gave your neighbor some good amount of money to keep, and all of a sudden your beloved neighbor started upgrading his kitchen aroma, and you notice some change in the standard of living, wouldn’t you get worried about your money? Yes you do want to know what happens behind the banking hall! We are talking about people whose custody our money lies.
In this piece am going to enumerate some of the practices both written and unwritten policies which guides bankers in the discharge of their duties. Anyway since our lawmakers are investigating bank managements, I will help them speed up the process for quicker result (pun intended).
The following are my personal experience over the years in the industry:
BANKERS ARE NOT ALLOWED TO OWN ACCOUNTS IN OTHER BANKS: Bank employees are not allowed to operate bank accounts in other commercial banks, this is to enable them know everything about your financial standing. If you previously own accounts before your appointment, it is expected that you declare them. But make sure you are not making false declaration or else the CCT will be your guest (pun intended).
YOUR ACCOUNT BALANCE MUST BE PROPORTIONAL TO YOUR MONTHLY SALARY: While you are expected to save all your money in one account in your bank, it is expected that your balance at any time should be proportional to your salary. What this means is that if your salary is N100,000 and you have just worked for only six months and then your balance is N800,000, you may be inviting a beaming searchlight over your head. It will not be long until a query is issued demanding explanation for the indiscrepencies. Well there is nothing wrong about this practice, we are talking about peoples’ money here, and great care must be taken to safeguard it.
YOU CANNOT JUST LIVE ABOVE YOUR MEANS: Closely related to the above, maybe you are a big boy before your appointment and just few months with the bank you want to show off your expensive cars, jewelries, clothes and all the good things of life; you may be queried or reprimanded about your extravagance and if you are too big to contain, the bank may have to let you go.
YOU CANNOT MARRY YOUR CO-WORKER: This may not be news to you anyway, relationships are permitted among employees, albeit with slight oversight; but when it is tilting towards marriage, one of the pairs may have to consider resignation. There is nothing to worry about this buddy, it’s all about protecting our money, you never can tell what happens between husband and wife because the bond is so strong that the bank cannot contain.
YOUR BOSS CAN MAKE OR MARE YOU: In the bank there are three ways of doing things; the right way, the wrong way and the boss’s way. Believe me when I say doing things the right way cannot always guarantee your promotion or professional well-being, doing it the wrong way is not an option either, but I guarantee you will be much safer doing it ‘the bosses’ way”. You want to know why bosses’ way supersedes the right way? Try read the book “48 laws of power” and you will understand why your boss is always right. It was fun watching my boss peeing in his pants at the sight of his boss, at that point back then I will be feeling like “how does it feel boss? It is like a circle, it goes around. Everyone have a boss, and that is how it works. The most dangerous part of this arrangement is that your promotion is to a large extent in the hands of your boss.
THERE ARE PROFESSIONAL STAFF AND NON-PROFESSIONAL STAFF: This is one bitter pill hard to swallow. The bank refers to their employees as “professional staff” while the contract staff are called “support staff”. These support staff are mainly the HND and OND recruits through outsourcing companies. These set of employees are like “second class citizens” in the scheme of things and their opinion may not count that much. One funny question a colleague was asking then was: how can you call me an unprofessional staff and expect me to behave professional? Well if you fall into this category of bankers, you have no choice but to be professional in attending to customers even though you are not a professional staff.
YOU ARE NOT ALLOWED TO ACCEPT TIPS FROM CUSTOMERS: This is one policy that is almost impossible to abide by. What? I should not accept a token of appreciation from my hard work? There are so many names given to tips, some call it thank you sir (TYS) others call it COT (cost of transaction) while up North our brothers call it nagwode. You can call it all you want but we are all saying the same thing! The bank says you should not accept it except during festive period. And even when the collection mode is activated, there is a limit to how much you can accept. I bet from the MD to the cleaner, everyone has once broken this rule.
TELLERS ARE NOT ALLOWED TO BE WITH THEIR PHONES DURING BANKING HOURS: You can call it “standard practice” all you want, but the impact is great. Tellers or any staff that deals on cash transactions are not permitted to be in custody of their cell phones between the hours of 8.00AM – 4.00PM, this rule is made for the safety of customers. A case study is when a customer was rubbed after withdrawal, the customer came back and accused the teller of informing the criminals about the withdrawal simply because the teller was answering a call during the transaction. This singular incident gave birth to this rule till this day! Fair right? Yes it’s all for the safety of customers and to be more attentive to the job, cell phones can be a big distraction if not tamed.
BANKERS ARE NOT ALLOWED TO ACTIVELY RUN ANOTHER BUSINESS: It’s simply loyalty! The bank demands an undivided loyalty and commitment from their employees. In some of their staff handbook, there is a clause that insinuates a bank staff is not allowed to get involved in any business that will demand an active presence. If you must invest in other business, make sure it does not in any way interfere with your duties in the bank, or else you may have to consider doing it full time.
YOUR INTEGRITY WILL BE TESTED EVERY WEEK: The word “integrity” is like the love and vow couple confess to each other during marriage, to make the bond stronger the words “i love you” is often used to show continued commitment to the bond. Your integrity is not a one-off thing, it needs to be tested always for a continued relationship between you and your bank. The moment your integrity is in doubt, a divorce is imminent. How do they carry out this test? Well it can come in different forms, in order to remain in business with the bank you must declare all your “overages” and “shortages” accordingly. Again this is standard practice, you do not want a thief to be in custody of your money.
These facts are not necessarily bad practices, but it is for the sake of informing aspiring bankers what is obtainable in the system. So you still want to be a banker? You better start getting used to these rules.
http://www.financialwatchngr.com/2015/11/20/revealed-practices-nigerian-banks-will-shock/
which 1 is the shocking 1? I didn't see it ooo! If its all this things an average literate person knows all, no need 2 say it as SHOCK |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by MrBONE2(m): 6:56pm On Nov 20, 2015 |
ednut1:
clearly the author has never worked in a bank . some are lies, *most bankers transfer their salary to other banks immediately it is paid to other banks * many bankers have other businesses like farms, car sales business etc * some people work in banks to gain experience/escape boredom, the money they are being paid is not up to 5% of what they get from their rich parents * u can get married to ur co worker in a bank like stanbic but must not be in the same unit/dept. stop misleading people No doubt,you are right Oups,May the Great One"GOD"bless you. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by Khez: 7:15pm On Nov 20, 2015 |
|
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by sexyyoyo(m): 7:32pm On Nov 20, 2015 |
ambassadorgozie:
Tanx.
Bank job na pure slavery nd house arrest.
But wetin man go do.
I,m even abot to enter My bro @ d long run, wen u dont meet ur target of Deposits, u will be asked to Use ur own hand and resign. IF u refuse to, they will sack u and stain ur file. Am a victim of such. How do u justify that? Nigeria govt should do something. Its killing us |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by nairalandbuzz(m): 7:32pm On Nov 20, 2015 |
I was asked to leave GTB cos I've got more money in my account than my salary... I enter probe tire |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by ihejimagha(f): 7:42pm On Nov 20, 2015 |
the author has never worked in a bank . some are lies, *most bankers transfer their salary to other banks immediately it is paid to other banks * many bankers have other businesses like farms, car sales business etc * some people work in banks to gain experience/escape boredom, the money they are being paid is not up to 5% of what they get from their rich parents * u can get married to ur co worker in a bank like stanbic but must not be in the same unit/dept. stop misleading people [/quote] I once worked with stanbic, u can do transaction with oda banks, u can marry ur colleagues and a token of 500k will be given to u. 1 Like |
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| Re: Revealed: Practices In Nigerian Banks That Will Shock You by ahmbal(m): 8:16pm On Nov 20, 2015 |
Its so amazing aw some pple wud jst cum up with write up on issues, 1. you can operate other account in as much as its not toward a hidden agent 2wrds your work 2. I TOTALLY disagree wt dt, dy only monitor ur acct wen on debit or an heavy inflow cums in. 3. this is not only in banking sectors, its everywhere even amidst our family 4. you are lost on this one, my uncle married es colleague wen dy met at d general meeting at dr work place 5. it depends on how u present urself (and its everywhere) 6. Its general everywhere,even in our institutions 7. u no wish to collect it niii, tips koo , expo nii................... collect as mauch as e dy cum,enter bank for December and see as hamper dy plenty anyhow for their office 8. it depends on the unit or post u re handling at a particular time, so its not new ,its called (work ethic) 9. why would you be eating rice and amala at a time,u be thief nii ? 10. every week koo, everyday nii.................nah so space dy for useless tinx so OP, ibegi always find d real image of finx b4 u cum here to write. Obviously u have NEVER worked in a bank before. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by ColeworldMD(m): 8:48pm On Nov 20, 2015 |
ednut1:
clearly the author has never worked in a bank . some are lies, *most bankers transfer their salary to other banks immediately it is paid to other banks * many bankers have other businesses like farms, car sales business etc * some people work in banks to gain experience/escape boredom, the money they are being paid is not up to 5% of what they get from their rich parents * u can get married to ur co worker in a bank like stanbic but must not be in the same unit/dept. stop misleading people I think OP wanted to highlight the level of discipline instilled in bankers but unfortunately like you pointed out it's not being followed. Heck bankers use their bank just to collect salaries & using their phones while customers are waiting. Then again there's no such thing as a perfect system but what is obtainable now is waay beta than back in the day.. Shout out to bank of the north |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by franklingud(m): 9:33pm On Nov 20, 2015 |
End time banks. Dis one na slavery!  |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by FRANKOXY(m): 9:57pm On Nov 20, 2015 |
Which Of the banks coz I don't see this in Union and 1stbank.  |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by maximunimpact(m): 9:59pm On Nov 20, 2015 |
One thing i want to make clear is that most of the people disputing the facts stated above are either close to bankers or they work in the bank yet they have never seen or read their staff handbook. Since no one has not told them the standard practice they assume the rules doesn't exist. This is why someone will get into trouble and get fired, maybe the bank will not be generous enough to tell them their offenses and later they will run to nairaland and cry foul that bank job is unsafe. If you work in a bank please take out time to read through your staff handbook. it will help you a lot. |
| Re: Revealed: Practices In Nigerian Banks That Will Shock You by kakashi12(m): 10:17pm On Nov 20, 2015 |
maximunimpact:
The Nigerian banking work environment has recently gained the attention of powers that be, people are beginning to ask questions about some actions and in-actions of top managements in commercial banks especially policies that has to do with welfare of its employees and unrealistic targets placed on them.
Well this article is not about “targets”, as that has to be a story for another day. This is about some of the practices that happens in the bank that you never knew exists. It is true that every organization out there have rules of engagement which employees must abide by and to the best of my knowledge this is standard practice.
But why would you be interested to know what happens in the bank behind the scene in the first place? Let’s say you gave your neighbor some good amount of money to keep, and all of a sudden your beloved neighbor started upgrading his kitchen aroma, and you notice some change in the standard of living, wouldn’t you get worried about your money? Yes you do want to know what happens behind the banking hall! We are talking about people whose custody our money lies.
In this piece am going to enumerate some of the practices both written and unwritten policies which guides bankers in the discharge of their duties. Anyway since our lawmakers are investigating bank managements, I will help them speed up the process for quicker result (pun intended).
The following are my personal experience over the years in the industry:
BANKERS ARE NOT ALLOWED TO OWN ACCOUNTS IN OTHER BANKS: Bank employees are not allowed to operate bank accounts in other commercial banks, this is to enable them know everything about your financial standing. If you previously own accounts before your appointment, it is expected that you declare them. But make sure you are not making false declaration or else the CCT will be your guest (pun intended).
YOUR ACCOUNT BALANCE MUST BE PROPORTIONAL TO YOUR MONTHLY SALARY: While you are expected to save all your money in one account in your bank, it is expected that your balance at any time should be proportional to your salary. What this means is that if your salary is N100,000 and you have just worked for only six months and then your balance is N800,000, you may be inviting a beaming searchlight over your head. It will not be long until a query is issued demanding explanation for the indiscrepencies. Well there is nothing wrong about this practice, we are talking about peoples’ money here, and great care must be taken to safeguard it.
YOU CANNOT JUST LIVE ABOVE YOUR MEANS: Closely related to the above, maybe you are a big boy before your appointment and just few months with the bank you want to show off your expensive cars, jewelries, clothes and all the good things of life; you may be queried or reprimanded about your extravagance and if you are too big to contain, the bank may have to let you go.
YOU CANNOT MARRY YOUR CO-WORKER: This may not be news to you anyway, relationships are permitted among employees, albeit with slight oversight; but when it is tilting towards marriage, one of the pairs may have to consider resignation. There is nothing to worry about this buddy, it’s all about protecting our money, you never can tell what happens between husband and wife because the bond is so strong that the bank cannot contain.
YOUR BOSS CAN MAKE OR MARE YOU: In the bank there are three ways of doing things; the right way, the wrong way and the boss’s way. Believe me when I say doing things the right way cannot always guarantee your promotion or professional well-being, doing it the wrong way is not an option either, but I guarantee you will be much safer doing it ‘the bosses’ way”. You want to know why bosses’ way supersedes the right way? Try read the book “48 laws of power” and you will understand why your boss is always right. It was fun watching my boss peeing in his pants at the sight of his boss, at that point back then I will be feeling like “how does it feel boss? It is like a circle, it goes around. Everyone have a boss, and that is how it works. The most dangerous part of this arrangement is that your promotion is to a large extent in the hands of your boss.
THERE ARE PROFESSIONAL STAFF AND NON-PROFESSIONAL STAFF: This is one bitter pill hard to swallow. The bank refers to their employees as “professional staff” while the contract staff are called “support staff”. These support staff are mainly the HND and OND recruits through outsourcing companies. These set of employees are like “second class citizens” in the scheme of things and their opinion may not count that much. One funny question a colleague was asking then was: how can you call me an unprofessional staff and expect me to behave professional? Well if you fall into this category of bankers, you have no choice but to be professional in attending to customers even though you are not a professional staff.
YOU ARE NOT ALLOWED TO ACCEPT TIPS FROM CUSTOMERS: This is one policy that is almost impossible to abide by. What? I should not accept a token of appreciation from my hard work? There are so many names given to tips, some call it thank you sir (TYS) others call it COT (cost of transaction) while up North our brothers call it nagwode. You can call it all you want but we are all saying the same thing! The bank says you should not accept it except during festive period. And even when the collection mode is activated, there is a limit to how much you can accept. I bet from the MD to the cleaner, everyone has once broken this rule.
TELLERS ARE NOT ALLOWED TO BE WITH THEIR PHONES DURING BANKING HOURS: You can call it “standard practice” all you want, but the impact is great. Tellers or any staff that deals on cash transactions are not permitted to be in custody of their cell phones between the hours of 8.00AM – 4.00PM, this rule is made for the safety of customers. A case study is when a customer was rubbed after withdrawal, the customer came back and accused the teller of informing the criminals about the withdrawal simply because the teller was answering a call during the transaction. This singular incident gave birth to this rule till this day! Fair right? Yes it’s all for the safety of customers and to be more attentive to the job, cell phones can be a big distraction if not tamed.
BANKERS ARE NOT ALLOWED TO ACTIVELY RUN ANOTHER BUSINESS: It’s simply loyalty! The bank demands an undivided loyalty and commitment from their employees. In some of their staff handbook, there is a clause that insinuates a bank staff is not allowed to get involved in any business that will demand an active presence. If you must invest in other business, make sure it does not in any way interfere with your duties in the bank, or else you may have to consider doing it full time.
YOUR INTEGRITY WILL BE TESTED EVERY WEEK: The word “integrity” is like the love and vow couple confess to each other during marriage, to make the bond stronger the words “i love you” is often used to show continued commitment to the bond. Your integrity is not a one-off thing, it needs to be tested always for a continued relationship between you and your bank. The moment your integrity is in doubt, a divorce is imminent. How do they carry out this test? Well it can come in different forms, in order to remain in business with the bank you must declare all your “overages” and “shortages” accordingly. Again this is standard practice, you do not want a thief to be in custody of your money.
These facts are not necessarily bad practices, but it is for the sake of informing aspiring bankers what is obtainable in the system. So you still want to be a banker? You better start getting used to these rules.
http://www.financialwatchngr.com/2015/11/20/revealed-practices-nigerian-banks-will-shock/
I work in a bank and most of these things don't apply |
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