Bankers' Forum

I know guys that works in Intercontinental and Oceanic. Intercontinental and oceanic did not pay their staff for the month of August and the pay was cut after it was received. The new MD of intercontinental said he was shocked to see how much the bank earmark on expenses every month, he said the bank can not obviously support the expenses. There are rumors that the bank plans on closing several branches.

@Finecat i wonder where you get your crap info from, i work in Oceanic, and i have been paid my salary till date, pls get your facts right, that aint saying the sector hasnt become stressed, but in God we trust

Tell the truth, the bank missed a month of payment. You guys just got paid within the last 2 weeks. I'm  not surprised, you are a banker you will sugar coat your job even when the roof is falling. Yeye job.

Finecat, this is why we are always at loggerheads

ure an unrepentant alarmist and the way u peddle falsehood is shameful

for real, did any of your friends tell you they were not paid for the month of August?

?

You bank workers never cease to amaze me. Your case is a typical case of suffering and smiling all in the name of portraying the false "big boy" image to the public. The public is laughing at all you doofus. Working in a bank is the most unfortunate job in Nigeria today. And i still by my words, Oceanic bank did not pay for one month. I had to burrow one of their employees some money because he was broke. Even before August, their salary was affected due to the Okocha football thing being taken out of their salary.

Omo see mutual spewing of vitriolics. . . Make una sha take am easy on urselves

haba,this is a big lie ooo,   

my husband is an intercontinental bank staff, and they have not ad any issues with their salaries till date,

haba stop spreading bad and wicked rumours,its not healthy,  for you and for odas 

Dose it mean that Bankers are surfering or what, they dont want to appriciate God for the job .
Is it because Sanusi is tryin to reorganise the Banking sector.

If surfering or not in any JOB you finb your self give thanks to God.

Thanks.

You go pay them?

Accept my Sincere Condolence

though am not  a bank staff but i work as a vendor for banks, the truth of the  matter is i have discovered its the same thing every where, a good paying job tries to get all of your energy and time comesurate to what they think they pay you, really its not a time to  complain but to thank God for this previledge, you need to see the song of frustration being sang by folks out there unempmoyed, abeg dupe ti e o oooooooooooooo

i have nothin to say and know that this bank work is very killing.at least my brother once told me that.abeg, where and how is diamond bank?i wud like to go and open an account with them since they re among d strongest banks. Abeg suggest

This is a job I will never contemplate in my life

what additional qualifications do you advice a banker to obtain while he is working?

@ All


The crisis in the nation's banking industry has begun to take its toll on the employees of the banks, as many of them have lost their jobs. Investigation by LEADERSHIP showed that no fewer than four banks have laid off a good number of  their staff, while others are threatening to embark on massive  retrenchment  as part of measures  to cut down operating cost. Consequently, it was gathered that an old generation bank that received a clean bill of health from the apex bank with head office in Marina, Lagos, recently sacked 400 workers for their inability to meet set target, while a new generation bank with its head office in Adeola Hopewell in Victoria Island, Lagos, has sacked 700 staffers, mostly marketers, due to liquidity crisis. It was also gathered that another new generation bank, after reducing staff salary by 30 per cent, has compiled names of about 900 workers to be sacked before the end of November, while another new generation bank that was among the five banks that failed the Central Bank of Nigeria  and Nigeria Deposit Insurance Corporation’s  stress test, last week reduced its staff strength by 30 per cent. It was also gathered that others are still compiling lists of staff to be thrown into the labour market. Other reasons given by the banks for the sack, according to investigations, ranged from low productivity, inability to meet set targets, to the need to save cost in the face of the prevailing circumstances in the sector. However, a banker who pleaded anonymity said that some banks (names withheld) used outrageous targets as  benchmark to determine who should be sacked  and failure to meet the target would lead to automatic sack. The source said that all staff that were close to the former management fired by the CBN were either sacked or posted to their remote branches. Sources close to the banks told Leadership that most of the banks are doing everything possible to slash their overhead cost, to enable them recover from their exposures to both the capital market and the oil and gas sector. They also explained that following the  tight monitory policy of the CBN, in terms of adopting risk management structure, most banks have taken steps to reduce cost by quietly downsizing staff,  especially those who are unproductive and unable to meet their target. Although  inside sources in the four banks  denied news of the sack, LEADERSHIP gathered that their managements are still prepared to sack any staff that is found incompetent. It was also gathered that anxiety is mounting in some banks, whose  new managements plan massive sack over what the workers regard as frivolous excuses such as staff indebtedness to the bank and failure to meet targets.


http://www.leadershipnigeria.com/index.php/news/cover-stories/8142-sack-fever-grips-banking-industry

THE MEDIA ALL CAN'T BE TELLING LIES.
FINECAT CARRY GO