Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,412 members, 7,954,647 topics. Date: Saturday, 21 September 2024 at 04:40 AM |
Nairaland Forum / Nairaland / General / Career / CBN Bars Banks From Sacking More Than 5 Staff Without Approval (24551 Views)
Was My Boss Right For Sacking Me Because I Was Hypotized. / Dangote Cement Sacks 3000 Staff Without Notice, Due Process - Sahara Reporters / Globacom Denies Sacking Female Staff Due To Marital Status (2) (3) (4)
CBN Bars Banks From Sacking More Than 5 Staff Without Approval by Islie: 8:03am On Feb 25, 2020 |
Central Bank of Nigeria (CBN) has given a stern warning to all banks to seek its approval before sacking more than five staff. The bank gave the warning in a communique released through the Bankers Committee after its meeting on Friday. https://www.sunnewsonline.com/cbn-bars-banks-from-sacking-more-than-5-staff-without-approval/ 13 Likes 1 Share
|
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by itsme01: 8:05am On Feb 25, 2020 |
They would simply keep hiring disposable Temporary or Contract staffs... CBN did something proactive and must be commended .. but that Yeye man called Chris Ngige needs to wake up as a Minister of labor and restrict contract staff and employment probation period to only 6 months, after 6 months a Temporary Staff must get an actual contract of engagement , 100 Likes 3 Shares |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by money121(m): 8:06am On Feb 25, 2020 |
Nice one |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by NaijaDonCast(m): 8:11am On Feb 25, 2020 |
Bank work were dey like to coach relegation threatened Watford, anytime them fit give you letter 7 Likes 1 Share |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by Mysticwebb: 8:12am On Feb 25, 2020 |
In that case we will space the sack to run through the year, like 4 staff at a time till we get at the required number. 37 Likes 2 Shares |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by Birdeyeview: 8:13am On Feb 25, 2020 |
things keeps unfolding itself |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by Okoroawusa: 8:14am On Feb 25, 2020 |
Banks like contract staff die 2 Likes |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by MANNABBQGRILLS: 8:23am On Feb 25, 2020 |
Good way to go.... The committee noted that while it was working on how to reduce the level of job losses in the sector, there would always be reasons people would have to be sacked from their workplaces.Unfortunately, they always have one reasons or the other. 1 Like 2 Shares |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by superlanny(m): 8:24am On Feb 25, 2020 |
Who are this ones decieving, something that has been going on under their nose for decades, it is now they have woken up, well, its folly, not to rejoice when a fool awakes from it's slumber. The job insecurity in many of these Institutions and Companies is disgraceful and embarrassing, they pay you little, work you like a donkey, then fire you with little or no warning. If they expect my gbola to rise, on this piece of news, then they must be demented. 9 Likes |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by dmbb: 8:24am On Feb 25, 2020 |
Seconded |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by ursullalinda(f): 8:24am On Feb 25, 2020 |
After thousands have lost their job.....well it's never too late. 4 Likes 1 Share |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by Highesschief1: 8:25am On Feb 25, 2020 |
You won't understand how terrible this thing is unless you have worked in a bank.. They recruit them very young and sap their youth.. No social life, all your skills die as you don't have the time to develop them or learn any new skill that will be useful to you later in life. Then suddenly you get called by your supervisor and you are asked to resign for no reason.. They will ensure the resignation letter carries the right words making it sound like you are sooo happy to resign... Most supervisor that are task with doing the dirty job also get called to drop their resignation letter too... Nothing like loyalty in the banking sector.. 45 Likes 2 Shares |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by OhiOfIhima: 8:25am On Feb 25, 2020 |
Best news ever! Thunder fire Satan... |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by sureboykris(m): 8:25am On Feb 25, 2020 |
Will the banks obey ? 3 Likes |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by Ijaya123: 8:25am On Feb 25, 2020 |
This is more like playing to the gallery. Nobody should be fooled here that the banks will comply. Did the banks inform CBN before employing the staffs? Second base Abeg... 3 Likes 1 Share |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by ultron12345: 8:25am On Feb 25, 2020 |
Rubbish Banks are private businesses which depend on performance to make profit to pay their staff, not government agencies which do nothing and receive allocation at the end of the month. They want to infest the performance-driven private banking sector with their useless, unproductive, redundant and incompetent civil service attitude. So if staff are misbehaving or unable to meet performance target, the bank can't sack them? They should keep paying incompetent and unproductive staff? Rubbish I trust the banks will fight this or it will just be another paper law that wouldn't be enforced. Anyone who can't perform should be booted out. If the bank can't pay you any longer, then it's better you're sacked than to keep you and be owing you salary for months while tarnishing their reputation. In fact, the government civil service should be copying these banks. Every month, there should be Performance Review for in all government offices for all staff. Anyone unable to perform should be sanctioned and if he/she continues, should be booted out and more productive people employed. No wonder they like government work, where they earn money without adding value, where they enter office by 10am, gist with their colleagues till 12pm while using their non-chalant attitude to frustrate the people their supposed to provide services to, then sleep till 2pm when they'll begin packing their bags to leave before 4pm. And at the end of the month, office will receive allocation and staff will receive salary for doing nothing. I've always said, the Nigerian Civil Service is the largest welfare scheme in this country, where free money is shared to unproductive people. 23 Likes 1 Share |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by helinues: 8:26am On Feb 25, 2020 |
When the banks must have settled your staffs first before firing... |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by Nobody: 8:26am On Feb 25, 2020 |
Lol. No labour laws. Or maybe just lack of enforcement. You sack people without cause in civilized climes, you pay dearly for your mistake o. Anyway, this law won't work. There are 56 weeks in a year. Sack 5 every week. You'll reach your target number. Enforce labour laws. Or Banks should start hiring temps that are paid daily or weekly. 2 Likes 1 Share |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by Oblitz(m): 8:26am On Feb 25, 2020 |
Nice one |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by Simplebeauty: 8:26am On Feb 25, 2020 |
unrealistic policies 'Smart' banks now force their staff to resign Anyway please tell your friends to tell a friend that I give cheap loans |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by sammirano: 8:26am On Feb 25, 2020 |
Banks will simply frustrate staffs to make them resign. 1 Like |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by salbis(m): 8:26am On Feb 25, 2020 |
Audio communique from CBN. |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by GodSaklek(m): 8:26am On Feb 25, 2020 |
Great,... This is what they would have done since |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by Slawormir: 8:26am On Feb 25, 2020 |
Damnnnnn niggarrr Great move |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by lawrenzooo: 8:27am On Feb 25, 2020 |
Mysticwebb:You still cannot sack 2000 staff in a year even if you sack 4 staff everyday. Be guided. 2 Likes |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by ednut1(m): 8:27am On Feb 25, 2020 |
4 every week or forced to resign to the rescue . . More contract staff too 1 Like |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by damosade(m): 8:27am On Feb 25, 2020 |
Ask me and I will tell you wetin my eyes see for bank. Awon Time waster . |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by Tulsaguy: 8:27am On Feb 25, 2020 |
itsme01: The most painful aspect is the hiring firms who takes close to 50% off your salary monthly, just because u pass through them... |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by hisexcellency34: 8:27am On Feb 25, 2020 |
Rubbish talk |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by Reference(m): 8:29am On Feb 25, 2020 |
money121: How is it a nice one. The effect is that hiring staff will become more tedious and the process will be laced with all manner of stiff conditions and hard contract clauses. Banks will become reluctant to hire, period. It bites both ways. A free market hates regulations. You simply cannot legislate your way to prosperity and in this case job security. The CBN should let banks do whatever they have to do to survive within reasonable limits. The CBN shares more responsibility than banks for the poor state of the economy of which the dynamics of the job market are critical factors in play. If the economy is good jobs will be created and secure. Banks donot have the liberty of so called external reserves from crude sales to toy with irresponsibly like the CBN. They are a business not an NGO. If they go under much more people will suffer, 4 Likes |
Re: CBN Bars Banks From Sacking More Than 5 Staff Without Approval by itsme01: 8:29am On Feb 25, 2020 |
Tulsaguy: haaa!! 50% yet we have ministry of labor and they are turning blind eye to this evil 1 Like 1 Share |
What Are The The Best 3 Computer Training Centers In Lagos? / Kogi: Screening Committee Discovers Level 13 Medical Officer With School Cert / My Employer Robbed Me In Broad Daylight!
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 33 |