uboma:



Keep your jargon to yourself.
I don't need it.


At the same time, stop mocking those work in the banking industry.
If the government had provided the enabling environment from the start, there will better jobs for those who accepted the banking job just to make ends meet. And by the way, with your disdain for those working in banking industry, if everyone had the same mentality as yours, who will man these banks? Where will you save your money, at home?


And please stop supporting the massive sack by the banking industries. My heart goes out to the thousands who have been laid off during these fast dwindling economy.


Show some human face and keep your jargon to yourself.

I expect you to be more constructive. That guy has a good point .

It's sad that the Banking sector, which aided in discouraging SMEs, Startups and many other Industrialization venture capitalists with unrealistic interest rates, terribly uninspiring terms and conditions betraying their lack of any care for the business sector, save to turn over their hard-earned funds have now met a disturbing Waterloo.

As is supposed to be in many realistic environments, the Banking sector instead of and apart from courting public sector funds/accounts, would rely solely in powering the economy, industry, commerce and manufacturing with each mega-bank trying to outdo their counterparts in by carving niche products for them to meet specialised needs of their clientele.

But, the reverse was the case in Nigeria, in bygone eras. Banksr and their staffs threw caution to the winds, beguiled, seduced and corrupted by the Public sector accounts and slush fund accounts that came with it. Away with inspiring true innovation, encouraging grass roots development, many bank's agricultural investment portfolios thinned out to dispensing mere trickles, they had nothing for you if you were a startup fashion designer, furniture maker or cement block maker and most would never look your way if you were a petty trader who was looking to up your game. Instead of such services being made available to all with banks compassionately rendering and creatively forging bonds and providing business extension services and brand mentoring consultancy, even if in exchanged for term-based contractual domicilliation of accounts and quantifiable assets, Commercial, Capital & Merchant Banks forsook their first love and disdained the medium to low-end spectrum of the market as table droppings and food scraps.

Interestingly enough, some Microfinance Banks like Aso Savings & Loans fed fat, grew their portfolios, diversified their finance base and comfortably weathering the storms now on those same scraps due largely to the fact that of their strong presence in the Nigerian market place. Having had not major ministerial or gubernatorial links to securing salary, agency, projects or slush accounts and egged-on by the threat of minimum asset-base capitalization bench-marking, which had seen to the demise of several early micro-finance bank startups, the few survivors in the sector now perfected the art via hitting the books again and again; and perfecting the art of achieving 90, if not 100% market-place presence and support for their clientele. Many of them are thriving today because they made the business of their depositors and borrowers theirs'; a trait, which sadly, had all but become lost to the aficionados of the mainstream and Commercial "mega" Banking sector.

While this may seem unrelated but the very manner and way in which fantastic 'marketing' target figures, conditions and deadlines were issued to competing marketing teams and 'non-marketing' Bank staffers alike was not only hilarious at some point but became dangerously glaring later that these institutions were no friends of the ordinary man on the streets but they were also intoxicated with the power they courted from the higher echelons to the point of rewriting the rule books of Nigeria's banking practices of that era to a most decadent, shady and unscrupulously soulless one wherein most marketer were reduced to mere 'hustlers'.

This is reminiscent of the days when female bank staffers would add 'extracurricular" overnight services to the business of Cheque-signing, cash lodgements and loan-brokering. Many were even regularly flown on all-expense paid trips back and forth Nigeria's major metropolitan cities being feted and morally debauched by the high and mighty in the process. For those, who would argue that their private lives belonged to them to do whatever they desired with. You would be right to some extent but gravely wrong in others because prostitution starts from the point of exchanging sexual favors for money, access, life's comforts or power; and populating the banking sector with such practitioners would not only be unethical but would eventually constitute a societal menace, which it did, with several calls for reviews of such in the sector.

That the Nigerian mainstream banking sector lost their way is no fallacy but the advent of the TSA and other "anti-corruption" measures implemented by the present administration; let's hope and pray in the best interests of our country and our relatives employed therein, that this giant can find its way up, partly by contributing sincere quotas to the now heavily burdened manufacturing, agricultural and other producing sectors manned and 'chaired' by ordinary Nigerians.

Contrary to whatever ill feelings this article may stir up; it is not written to celebrate the current maladies of the banking sector. The job cuts are affecting our friends, families and loved ones, for goodness sake, so what is there to celebrate about that? But, in the interest of the future and of some of the very people being laid-off now, who would have to start, run and grow businesses themselves, it is best the sector looks inwards and learn to recognize their true cash-cows now.

As i return to praying and hoping that my cousin and friends are also spared in this soon-to-come job cuts, let's all pause for some moments of sober reflection for a fitting deja vu it is; what goes round comes round!

CosmeticChemist:



I expect you to be more constructive. That guy has a good point .

Birds of the same feathers, always flock together.

How on earth do you expect me to say that the job losses being experienced almost on a monthly basis is no big deal?

Did you really read through his insensitive comments at all?

You can join his bandwagon but may know that when you laugh at your neighbour for his downfall, yours may just be around the corner.....

@ chachanga,


You have spoken well.
The banking industry failed to live up to the meaning of core banking. SMES were not encouraged to grow. the banking industry preferred to lend to Politicians and to the oil sector. the politicians never pays up their debt, and with the global oil problem, this sector is now in ruins and their cash trapped. Writing off huge sums as bad debt has weakened the industry and with the unfavourable govt policies, they have been further weakened....

But like you said, there is really no need to laugh at those who have lost their banking jobs. these people are all our friends, brothers and sisters. we all have a friend, brother or sister that is a victim.

And I agree with your final submission, what goes around, will surely come around.

Have a good day.

silastemplar:


@pro east as i have seen your user name, i know where you are coming from so no need to comment further. Just realise the people of your region are nearly becoming laughing stocks on social media cos of unintelligent comments like this.

Like seriously? We becoming laughing stock?? lol you must be joking dude because the last time I checked, we the so called 5% have been exonerated while your demi god, buhari is being put to shame back to back!! At this rate, it would be a miracle if he survives intact till 2019. History is repeating itself in this hell-hole!!!

uboma:
@ chachanga,


You have spoken well.
The banking industry failed to live up to the meaning of core banking. SMES were not encouraged to grow. the banking industry preferred to lend to Politicians and to the oil sector. the politicians never pays up their debt, and with the global oil problem, this sector is now in ruins and their cash trapped. Writing off huge sums as bad debt has weakened the industry and with the unfavourable govt policies, they have been further weakened....

But like you said, there is really no need to laugh at those who have lost their banking jobs. these people are all our friends, brothers and sisters. we all have a friend, brother or sister that is a victim.

And I agree with your final submission, what goes around, will surely come around.

Have a good day.

Really pathetic but thx sir.
May the good Lord keep blessing you and yours in this trying seasons sir

chachanga:


Really pathetic but thx sir.
May the good Lord keep blessing you and yours in this trying seasons sir

thank you for the best wishes.
I pray same for you and your household.
Have a good night rest Sir

Josmila:


I owe you a bottle of whatever drink you take for this.

No more slush monies to do business and it seems the banks have suddenly become anaemic,

Drink away your frustration

shrinkchido:


Drink away your frustration

Find a mirror, take a close look at yourself and say "I'm the frustrated one!"