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Don1DeMaco
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guy na wah for you ohhh, so out of all this plenty this wey we dey talk na woman wey dey work 4 zenith with big breast u dey find, tell me with this salary wey them reduce na u wan make am up 4 am wey u say make she call u and not flash, if i may ask no vex abeg where u sef dey work/ wetin u dey do??? u dey find woman u no drop your own CV u suppose tell them wetin u get to offer and for your info Jim don pay and e reduce the salary so u beta start to dey prepare on how u wan take remove am, hehehehehe
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sammyzacks (m)
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[font=Lucida Sans Unicode][font=Lucida Sans Unicode][color=#006600][b][color=#006600]To all Zee staff,
I am not going to sympathize with you over what supposedly happened. I just want to say" pursue you dreams".
You must have had a reason for joining Zee and in every relationship there is always a trying moment. So, if you believe that you have a future with Zee, just stay right there. otherwise its hi time your started considering other options.
Merry x mas to all of ya in arrears.[/color][/color][/font][/font][/b]
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sammyzacks (m)
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To all Zee staff,
I am not going to sympathize with you over what supposedly happened. I just want to say" pursue you dreams".
You must have had a reason for joining Zee and in every relationship there is always a trying moment. So, if you believe that you have a future with Zee, just stay right there. otherwise its hi time your started considering other options.
Merry x mas to all of ya in arrears.[/color][/b][/color][/color][/font][/font][/font][/b]
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yogazaki (m)
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EmekaNaija,
Don't blow smoke up our ass all because you goggled T24.
Now on the consolidation of banks; pre-consolidation many banks in Nigeria could not handle a single financing of medium to longer term project in the country. The banks could not support major telecommunication projects much less the oil industry. Anyone that stole 20Million naira or whatever the capital base was then could easily setup a bank. The CBN took the foresight and used its power by increasing the capital base requirements; these has made our banks stronger and more robust.
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Jairzinho (m)
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I also need a very responsible,caring,luving,
Very pretty,fair and bursty lady working for Zenith bank between 22-25yrs old for a serious relationship.You can call me on 08067132398,please don't flash callme.
I can't believe this !  |
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Egavlas (m)
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To all Zenith Bank friends online,
I hope you find it in your hearts to forgive your Boss.
So many family trips were cancelled, many marriages postponed, many investment opportunities lost, many school fees might not be paid.
These are some of the bandwagon effects of this new development. It is really a big pity.
Dont blame your boss, he is trying to grow the business. I think the way he has gone about it is not splendid, but you can't just leave your job immediately.
What you need is a plan!! A plan to save up and start your own biz, where you have no fears for the Monday morning. I think this experience is still another reminder that we need to push into doing businesses of our own rather than working for a salary.
Think about it,
Thank God! For a moment there, I thought you were going to end it with giving us a Link to some Forex trading or club. Thanks for keeping it here  |
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Jairzinho (m)
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HOLDEN AT THE PEOPLE'S COURT OF NAIRALAND
HONOURABLE JUDGE JAIRZINHO HIMSELF In the matter of Konye & others too scared to come out - PLAINTIFFS vs Zenith BankJim OviaT24and their agents - DEFENDANTS I have gone through all ,and in summary these are the issues: 1. The 1st DEF is alleged to have increased the plaintiff remuneration about 3 months ago with the sole aim of competing with Oceanic bank,however a few days to the end of the year,they surreptitously restructured this same 'enhanced remuneration' to include a performance based pre-requisite. 2.The Platiffs breached confidentiality aggreements by coming to the open with the above in exercise of their fundamental Human rights to free speech as enshrined in the UN &African charters & confirmed by the 1999 NG constitution. 3.That the 3rd DEF is a failed project. 4. That the 2nd DEF is really interested in financing other projects with revenue saved from the 1st allegation. 5.That a member of Nairaland called Finecut is a real pain in the butt of fellow citizens. JUDEMENT Please find below my ruling: A.I find the 1st & 2nd def guilty on the 1st count as they should have incorporated the 'performance appraisal' in the salary increase in the first place if they didn't have ulterior motives,or they could be accused of lacking basic/fundamental management foresight. B.I find the plaintiffs NOT GUILTY on count 2,and no disciplinary action should be taken against them. C. I however find the plaintiffs GUILTY of spreading false information regarding the 3rd DEF as regards count 3. D.I will reserve ruling on count 4. E.COUNT 5 - is hereby referred to the relevant authorities for necessary and urgent action. Appedix: The 1st & 2nd DEF are expected to formally apologise to the plaintiffs and revert to status quo ante until the next salary review. I so RULE . . . . . . COURT !!!! |
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MyPeace (f)
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@Jairzinho abeg no kill me with laugher  so, the case should rest in peace. Abi somebody wan put appeal?? |
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ochi-aha (m)
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hmmm. Our economy is really in a bad shape as its only the service sector like Banks that are returning multi-billion naira profits, while the real sector (manufacturing sector) is no where to be found and are even appealing to banks like Zenith not to squeeze them out of the capital market through taking all the funds available for investment.  Zenith is currently raising fresh funds from the capital market, I wonder what the cut in salaries of their staff, if its true, will do to Investors interest in taking up their share offer. |
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daynike (f)
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Slashing of salary might be true,because among every rumour there is always an element of truth. NIgeria to me is a lawless country whereby your employer will wake up one day and think of maximising their own profit at the detriment of the satff.They always breach contract and the next thing they will say is they do abide to letters,anyway let's hope for the best and pray to be an employer.The case of Zenith Shares ,we should not forget to what happened in the case of Enron.Enron happened to be one of the biggest energy coy in USA,many people bought Enron's Shares not quite long ,it was declared bankrupt,while their auditoors were still reporting that in their own opinion THEIR FINANCIAL STATEMENT SHOWS TRUE AND FAIR VIEW.Although the higer the risk the higher the return ,we should still be careful in buying into stocks and fight and against breach of contract
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Babs_O (m)
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What is really happening in Zenith.
Zenith Securities Seem to be having some serious problems. Money I paid into my stock broking account since first week of December has still not reflected and they have not done trading for me. Worse they no more respond to enquries or complaints. Yet they have collected and drawn on my two checks this December Promptly. To make matters worse their newly upgraded (downgraded) Zenith securities web portal stopped accepting log on from me today. Now I need to start shopping for another new stockbroker as of late Zenith Securities have been useless!. Even phone calls are no more picked rather tou get phoney voice messages no one is available.
What is really happening at Zenith is it the T24 or reduced salary demotivation or some other more fundamental problems?
I have decided If I do not get the current impasse no buying of their IPO.
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wonderz (m)
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@all,
I've been out of circulation. But it's obvious now that it is true that the salary cut story is true. Watch out for my new post under another name soonest!
Cheers!
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graca7 (f)
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can any zenith bank staff confrim that the salary cut was effected on Friday? Most likely the salary was rearranged - cash and BIK; a portion may relate to productivity  |
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babasin (m)
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ERASTUS AKINGBOLA, Inter-Continental Bank MD Bizarre AMENDMENT TO POLICY ON DEPOSIT MOBILIZATION
Last View on Sun 30th December, 2007
Last Modified on Sat 29th December, 2007 12:45:18 am
Author: Posted by Admin Letters
om: Akingbola Erastus
Sent: Thu 12/27/2007 9:34 AM
To: All Intercontinental Bank Employees
Cc: Executive Management
Subject: AMENDMENT TO POLICY ON DEPOSIT MOBILIZATION
TO: ALL STAFF
FROM: GROUP CHIEF EXECUTIVE
SUBJECT: AMMENDMENT TO POLICY ON DEPOSIT MOBILIZATION
DATE: 24RD DECEMBER, 2007
A review of the total deposit position of the Bank month on month reveals that the Bank is running short of its planned monthly deposit target.
The negative variance in our deposit position is attributed to the fact that staff are not marketing our various deposit liability products and thus not meeting their targets. In addition, some account officers do not exert proper relationship management skills with their customers. As such, most accounts under their management do not witness any activity for months and some become dormant after six (6) months.
To engender a consistent and sustainable growth in our bank wide deposit position, the following will now apply effective January 2, 2007:
v For every month that staff (service or marketing ) does not achieve up to 60% of monthly deposit target, staff will be debited as follows:
1st Month: N5, 000.00 (marketer); N2, 500.00(service staff)
2nd Month N10, 000.00 ,, ; N5, 000.00 ,,
3rd Month N15, 000.00 ,, ; N7, 500.00 ,,
Thereafter, staff will be sent on suspension.
v Any non-borrowing current account that records no activity in a month, the account officer(marketing officer) will be debited N1, 000.00 (One Thousand naira only) per a/c
v If the a/c is not tagged to an a/c officer, the Branch head / GE will be debited as appropriate
v For Dormant accounts the following will apply: Marketing officer that allows an a/c being managed by him/her to go dormant will be debited N10, 000.00 (Ten Thousand naira only) monthly until the account is re-activated.
v If the a/c is not tagged to an a/c officer, the Branch head / GE will be debited as appropriate, except in cases where it is proven beyond reasonable doubt that the customer cannot be remarketed.e.g Death, relocation etc.
v For regions where more than 50% of staff are sanctioned on deposit related matters, the RBEs will each be debited N10, 000.00 (Ten Thousand naira only) monthly.
v After the 3 rd month, the RCEs will be debited N20, 000.00 (Twenty Thousand naira only).
Please be guided
ERASTUS B. O. AKINGBOLA |
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Jairzinho (m)
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What is really happening in Zenith.
Zenith Securities Seem to be having some serious problems. Money I paid into my stock broking account since first week of December has still not reflected and they have not done trading for me. Worse they no more respond to enquries or complaints. Yet they have collected and drawn on my two checks this December Promptly. To make matters worse their newly upgraded (downgraded) Zenith securities web portal stopped accepting log on from me today. Now I need to start shopping for another new stockbroker as of late Zenith Securities have been useless!. Even phone calls are no more picked rather tou get phoney voice messages no one is available.
What is really happening at Zenith is it the T24 or reduced salary demotivation or some other more fundamental problems?
I have decided If I do not get the current impasse no buying of their IPO.
To be frank with you most stockbroking firms leave a lot to be desired,but if you're going to move,move to cashcraft. i don't work for them ,but by & large they meet up. Cheers, |
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BENALA
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DEAR, BABS O
[color=#006600]THANK YOU FOR LETTING US KNOW ABOUT ZENITHSECURITIES BEHAVIOUR, BUT LET US SAY IT WAS DUE TO THE YULETIDE SEASON.
HAVE YOU BEEN DEALING WITH THEM BEFORE NOW, IF YES HOW SWIFT WERE THEY IN RESPONSE TO YOUR MANDATE?
PLS BRIEF US ABOUT THE PAST EXPERIENCE EXCLUDING WHAT WE HAVE HEARD AND AFTER YULETIDE EXPERIENCE.
N/B: I AM ABOUT TO MIGRATE TO ZENITHSECURITIES, SO THE INFORMATIOM WILL BE OF IMMENSE CONSIDERATION
THANKS
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saintbeng (m)
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Hey, Jairzinho. We need to iron things out about Zenith Securities. Just get in touch with me on saintbeng@gmail.com. As regards Pay Cut, I'll wait and watch what would happen in the next couple of months before I make my comments. |
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FBS
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@babasin, is your post real?  |
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Finecat (m)
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@FBS
It is real. I also read it myself and i also heard that some of their employees have lost their jobs and the bank is considering closing some branches in other cities outside of Lagos or reducing the over-all workforce. In my opinion, i think most of these banks have bitten more than they can chew. I saw this coming and that's why i didn't buy any bank stocks. Everytime i express to people about my concerns for the banks, all i heard is " The banks are strong, they have N25B capital base and bla bla bla" What people didn't realize is that some politicians used the banks to launder their money overseas and now that the politicians are in trouble, the banks are also in trouble. The Recapitallization scam was the biggest fraud ever in the Nigerian banking systems. Get ready for another round of re-structure in the banking system that will finally reduce the number of banks to 5-10.
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seun001 (m)
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i think u guys should wait until u are paid before u tell nairalanders. I really respect Mr Jim Ovia he is a reputable,
renowed,respectable,responsive,intelligent Banker. I don't think Mr Jim Ovia can be irresponsible and senseless to do
what u said. Please we should not misinformed the public. I am a shareholder and i have been banking with zenith for 9years
I have assited zenith bank in getting deposit from a multinational oil and gas company. I believe that the staffs of zenith are articulate,intelligent and goal getter.
I found it hard to believe that Jim ovia we let the staffs of zenith down. I f jim ovia cuts the salary of staffs,he will indirectly cut there morale,attitude to work and loyalty to Zenith bank.
If jim ovia truly cut the salary of staffs,he will have a tough time at the next Zenith A.G.M,because the shareholders slogan will be "JIM OVIA MUST GO" he has to resign
as the MD of zenith,if he is not capable to lead zenith bank. The staffs and customers of Zenith are our cash cow, they have done a lot to make zenith a success story.
i think Jim ovia should have is head examine if He truly cut staffs salary. I also need a very responsible,caring,luving,
Very pretty,fair and bursty lady working for Zenith bank between 22-25yrs old for a serious relationship.You can call me on 08067132398,please don't flash callme. in other words, Jim Ovia is not a reputable,reknowned,etc. in your words because it's true he re-structured their salary. and by the way,wish u good luck in your search. |
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bebe4u (f)
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people better start withdrawing your cash.remember allstates trust bank that became distressed after selling shares, no warning no signs. be wise people i bet its not a good feeling to loose your income to these scamers.
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Jairzinho (m)
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Has anybody heard from Konye the originator of this thread? S/he definitely couldn't have been foolish enough to post the thread from his/her office system,or could s/he? |
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Nji
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jairzinho i think i share the same fear with you because i was fortunate to be among the first guys to read the thread she started but logging on this morning i didnt see it there. also gone through the whole thing and realised no response from her, its kind of strange don't you think?
very few people are aware (hope she is not among) that her location could be narrowed down using her ip add. esp if she was stupid enough to use her office system. konye please let us know if u are still alive oh.
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konye (m)
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i am fine thanks for your concern,even if u didnt ve to use words like stupid and all.
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Sweet T (m)
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@Konye
Nice to see that you are fine, but i have a question. Why did you change from a female to male all of a sudden. And how are things at your bank? Did they actually cut your pay?? And what is going on in banking sector, it seems like Intercontinental is cutting their staff pay too.
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Abdul2007 (m)
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I spoke with so bank Manager in Ojo Rd,Apapa,V.I,Amuwo Odofin. i was told that this salary cut only affected few zenith bank staffs and it is going to be a temporary salary cut. i am really sorry for those affected zenith bank staffs,i sincere and honestly appeal to all affected zenith bank staffs to accept my apology and please continue to be loyal,hardworking and determine and dedicated to zenith banks. You are all part of zenith bank success story and please Konye confirm this from your collegues. The patient Man eats the biggest meat. Please be patient with zenith bank everything will be resolve amicably. Zenith bank is the most customer friendly,most capitalized,most reputable,most respectable bank in west Africa. Dont be afraid Konye u have the right to express your outrage on this issue,but it is going to be temporary.we all look forward toa brighter and rewarding future in Zenith bank. All zenith bank shareholders and directors will look into this issue. Be patient with us. I wish all Zenith bank staffs,shareholders,Nairalanders a wonderful and prosperous and successful new year. I love u all.
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celebritee (m)
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Who be this Abdul2007 sef?. It is quite clear that you are a proper aboki. please continue to be loyal,hardworking and determine and dedicated to zenith banks.  (all these after a cut in pay?) The patient Man eats the biggest meat. Please be patient with zenith bank everything will be resolve amicably. Zenith bank is the most customer friendly,most capitalized,most reputable,most respectable bank in west Africa. Your abokimeter no get equal. Please spare us the attempt to break our heads with your grammar. I do hope you have found your Zenith queen with big breasts, @Konye, you still did not satisfy our curiousity, Did you use your office system? and what is the pay like for entry level now. A nairalander said 88k. How true is it? Thanks for having the balls (since you are a man now) to start the thread. You are definitely not stupid. Be seeing u. |
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MyPeace (f)
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but how did Konye delete her previous post from her profile? l think Seun helped her to do this, because all her previous post l read before now, are all gone.
Seun u try shaa to protect her job, because those previous post could easily give away her identity.
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Jairzinho (m)
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Seun isn't involved,
You can delete all anything you've posted by returning to it ,click on modify & Voila !
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yimiton (f)
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This is really a sad story.
Zenith marketers are now totally desperate. They practically go from office to office and sometimes you get calls from them without an idea on how they ever came across your name or your number.
My heart goes out to both our male and female young graduates working as marketters with these banks. I imagine how happy they would have been getting this job and how desperate and scared they'll be now. The fear of loosing your job is not fun at all.
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