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Consequences Of A Bank Staff Who Lost Money In The Bank - Career - Nairaland

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Consequences Of A Bank Staff Who Lost Money In The Bank by MzPecs(f): 10:18pm On Feb 16, 2016
After the day's work and trying to balance payments et all, my sister's husband found out that he lost 50,000naira to what we don't know about. He works with a Microfinance Bank.

Now, they said he's gonna face a panel tomorrow. My question is, what could be the possible outcome of this panel? Hope it won't lead to a sack letter?

I'll need answers please.. embarassed embarassed
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by Nobody: 11:14pm On Feb 16, 2016
Since everyone's busy reading bout Linda's bag ;
OP iono much about banking, buh its a terrible situation already. Bankers should be near perfect and accountable.
Pray he gets out of this mess

11 Likes 3 Shares

Re: Consequences Of A Bank Staff Who Lost Money In The Bank by hakeem4(m): 11:15pm On Feb 16, 2016
It happened to one of my neighbour . They just sacked him and put him in jail grin grin

16 Likes 2 Shares

Re: Consequences Of A Bank Staff Who Lost Money In The Bank by kelvino41: 11:15pm On Feb 16, 2016
;DYou sure say him never Dasuki d money

3 Likes

Re: Consequences Of A Bank Staff Who Lost Money In The Bank by APCcrimesHD: 11:15pm On Feb 16, 2016
only God knows...
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by demosoft: 11:15pm On Feb 16, 2016
sack
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by kingsamm(m): 11:16pm On Feb 16, 2016
Same thing happened to someone I know, She was just asked to pay up the money..
No sack letter was issued

2 Likes

Re: Consequences Of A Bank Staff Who Lost Money In The Bank by maadman: 11:16pm On Feb 16, 2016
..well he will pay the cash via a compulsory non interest loan. And probably be sacked when the loan is paid up.

6 Likes

Re: Consequences Of A Bank Staff Who Lost Money In The Bank by davedpo: 11:16pm On Feb 16, 2016
possibly it will and it may not just pray trust in God and d case will be settled
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by ibkgab001: 11:17pm On Feb 16, 2016
ok i will come back in an hours time

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Re: Consequences Of A Bank Staff Who Lost Money In The Bank by doskie(m): 11:18pm On Feb 16, 2016
deducted from his salary.
if the money is too large, he will be arrested first. and he has a referee who stood as a guarantor for him before he got that job. the referee will be invited and asked to pay.

1 Like

Re: Consequences Of A Bank Staff Who Lost Money In The Bank by ellalina(f): 11:18pm On Feb 16, 2016
A
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by Mannylex(m): 11:18pm On Feb 16, 2016
Basically , it should be a case of him paying back the shortage, it doesn't even require escalation, except it has been a regular occurrence. Am surprised he's going to face a panel... Seems a trivial issue to me though and doesn't warrant a sack.

13 Likes

Re: Consequences Of A Bank Staff Who Lost Money In The Bank by Nobody: 11:18pm On Feb 16, 2016
Experience d best teacher wink
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by Nobody: 11:19pm On Feb 16, 2016
after he's sacked, he should do a lindaikeji and say he has not been sacked
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by DICKtator: 11:20pm On Feb 16, 2016
grin grin grin grin
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by Mopolchi: 11:21pm On Feb 16, 2016
He or she pays back with his or her money.

1 Like

Re: Consequences Of A Bank Staff Who Lost Money In The Bank by obynzo: 11:21pm On Feb 16, 2016
It depends on the circumstances that led to the missing cash or cash shortage, if it was due to a fraudulent transaction i.e maybe he overpaid a cloned cheque or made a fraudulent debit, then he might be sanctioned, but if it occured as a normal shortage arising from overpaying a customer, then the shortage will be booked against him and the sum would be debited from his account. I hope that helps

2 Likes

Re: Consequences Of A Bank Staff Who Lost Money In The Bank by AltarBoy1: 11:22pm On Feb 16, 2016
This and marketing is the reason I hate bank jobs.
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by DICKtator: 11:22pm On Feb 16, 2016
MzPecs:
After the day's work and trying to balance payments et all, my sister's husband found out that he lost 50,000naira to what we don't know about. He works with a Microfinance Bank.

Now, they said he's gonna face a panel tomorrow. My question is, what could be the possible outcome of this panel? Hope it won't lead to a sack letter?

I'll need answers please.. embarassed embarassed


He may not be sacked if it is his first time.

He may face suspension or his salary would be deducted for the amount lost.

The amount should be traceable too.
The Operations manager and auditor should be about to explain the shortage


grin grin grin grin

2 Likes 1 Share

Re: Consequences Of A Bank Staff Who Lost Money In The Bank by PeterPius: 11:22pm On Feb 16, 2016
Omo odds are it will be deducted from his salary if it is die to negligence but if he stole it, he will be sacked. All these will be after the probe
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by Sunnycliff(m): 11:23pm On Feb 16, 2016
If he can't recall how the money was lost, then his not a good banker because he lacks accountability and probity which are core values in the banking sector. He could be queried or retrenched or salary deducted depending on the disciplinary decision of the management.

1 Like

Re: Consequences Of A Bank Staff Who Lost Money In The Bank by asalimpo(m): 11:23pm On Feb 16, 2016
only mfb people can answer this.
Probably, the money will be deducted from his salary.
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by xtervaganza(m): 11:23pm On Feb 16, 2016
MzPecs:
After the day's work and trying to balance payments et all, my sister's husband found out that he lost 50,000naira to what we don't know about. He works with a Microfinance Bank.

Now, they said he's gonna face a panel tomorrow. My question is, what could be the possible outcome of this panel? Hope it won't lead to a sack letter?

I'll need answers please.. embarassed embarassed

hapoened to someone I know



He paid the missing money with his own cash
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by condralbede(m): 11:24pm On Feb 16, 2016
The consequence is to pay with your personal cash,no mercy!
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by xtervaganza(m): 11:25pm On Feb 16, 2016
Sunnycliff:
If he can't recall how the money was lost, then his not a good banker because he lacks accountability and probity which are core values in the banking sector. He could be queried or retrenched or salary deducted depending on the disciplinary decision of the management.
oh my! You mean he's not good at his job if he can't remember how the money got missing?



Do you have a job? Or should I say do you know what bankers go through? It's a thankless job if you don't know and it's quite easy to make mistakes while handling cash .



Perhaps you're one of those draconian evil bosses who believe they are without mistakes

4 Likes

Re: Consequences Of A Bank Staff Who Lost Money In The Bank by lizzygrace(f): 11:26pm On Feb 16, 2016
lolz... But thank God u knw there will be conequences..... its not much money and if its the first time he got himself into this mess... well the penalty wil be minimal..
Re: Consequences Of A Bank Staff Who Lost Money In The Bank by snakie86: 11:26pm On Feb 16, 2016
Depend on the bank's policy

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