The Nigeria Deposit Insurance Corporation (NDIC) and the Chartered Institute of Bankers of Nigeria (CIBN) has cautioned banks on the use of casual workers, stating that over 75 per cent of fraud cases in the sector had been traced to outsourced bank staff.

The managing director and chief executive of the NDIC, Alhaji Umaru Ibrahim, called for a closer look at the phenomenon of outsourced or contract staff in banks to ensure healthy and sound practices in the banking industry.

According to him, bank examination reports had indicated that the high incidences of fraud and forgeries in the banking system had been linked to outsourced or contract staff.

Umaru also said that in as much as regulators appreciated the necessity for banks to cut costs, it was incumbent on all stakeholders to fashion out capacity building and other strategies to motivate all employees to contribute positively rather than engaging in criminal acts that impact adversely on the entire banking system.

The CIBN president, Otunba (Mrs) Debola Osibogun, during a courtesy visit to the NDIC, regretted that a large percentage of fraud cases in the banking sector are traced to outsourced bank staff who were neither professionals nor members of the CIBN. While noting that the institute had no control over the banks, Osibogun disclosed that a committee of the institute was already working with heads of operations of banks on the challenges posed by the outsourced staff and would soon submit its report to the Central Bank of Nigeria (CBN) for consideration.

The CIBN president also said that the institute had been mandated as the agency for competency framework for banking industry by the CBN, adding that the CIBN had visited banks’ academies and had issued accreditation certificates to the academies of the First Bank, Access Bank and Guaranty Trust Bank.

http://leadership.ng/business/459857/casual-workers-responsible-for-fraud-in-banks-ndic-cibn lalasticlala

What do you expect? That is what you get when staffs are not well motivated, have no job security and earn peanuts. BTW, FTC & TGIF.

Greedy bankers looking for cheap labour, enslaving innocent Nigerians because of the evil APC has done to the economy. No be them dey find cheap labour? If you treat them as strangers, they will be strangers. Chikina!

Hmmmm.. There's a point in what the man said.. If u burnt ur night candles for all those banking professional exams like CIBN,ICANS and other exams that makes you certified..

U wouldnt want to get urself involved in something that'll get ur certificate forfeited when you're caught but all those ond holders casual staffs can do whatever they like..

I think, its high time they're flushed out of the system. Though, frauds wont get eliminated totally from the system when they're flushed out but frauds will minimize.. My 2 cents.


Check my signature for ur customised wristband.

Strange but true

True talk

The prime reason is that banks are just after meeting their target with no or little protection for their customers.

YES THEY ARE RIGHT.

powerfulsettingz:
How

How for How market?

Only in Nigeria

I see

How would then be surviving if banks refuse employing them? May God help us.

you don't want to staff them yet with expect much from them after you give them peanut for even working long hours

nnafather:
k

for konga

Nigeria from senate 2 d banking sector all steals, nobody wants 2 back down

casual indeed

Excellent for the Economy. I feel bad when I see Sum1 that has been working in the bank since before I gain an admission becoming my subordinate by far on my first day of resumption. My 1 mnth salary and allallowance equals his 6-8mnths take home pay.

olamydey:
True talk

for MTN true talk

PRINCENWAEZE:
for konga

No, na konji.

Issokay

Look down

nnafather:
Greedy bankers looking for cheap labour, enslaving innocent Nigerians because of the evil APC has done to the economy. No be them dey find cheap labour? If you treat them as strangers, they will be strangers. Chikina!

Jamaican weeds at work, even if you are a bastard, it's a fault of APC, with only 100 days in office, what about the 16 useless years of PDP?

FRSC account in GMBs bank. A joy for casual staff to steal from according to a Nairalander.