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Nairaland Forum / Nairaland / General / Business / CBN & Bankers Committee Suspends Lay-offs In Banks (59070 Views)
Nigerians Vent Their Anger On CBN, Bankers / CBN Bankers Committee Suspends Lay Offs In Banks / Bankers Committee Introduces Two Classes Of BVN (2) (3) (4)
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Re: CBN & Bankers Committee Suspends Lay-offs In Banks by MzTunechi(f): 7:17pm On May 03, 2020 |
Commendable. I hope they adhere |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by OdefaGirl(f): 7:18pm On May 03, 2020 |
This is actually a good news...... you just saved lives..... what about those who have been laid off since Thursday or so? |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by PRECIOUS14482(m): 7:20pm On May 03, 2020 |
Thanks to CBN...I reported this issue to CBN, EFCC and Ministry of Finance and Budget on Friday via twitter. 1 Like 1 Share |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by jaxxy(m): 7:20pm On May 03, 2020 |
SLAP44: Cbn can intervene in general bank policies if neccessary to either regulate it more, curtail abuse of powers and disrupt the economy. In this case mass sacking wud be dangerous. The ripple effect will be a calamity. Government driectly or via cbn has to intervene because of the special situation. |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by holo: 7:22pm On May 03, 2020 |
This is a welcome development. It is important we help preserve the existing jobs in these crucial times. I thank the Bankers Committee and the CBN for this Directive. Indeed, it can only take our collective effort to weather the storm and challenges this pandemic is posing at us. |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by Mahmudk2: 7:24pm On May 03, 2020 |
Nonsense, Idiot, Mumu, Wawa Kawai, God Punish U & Ur Generation For Trying To Let Us Know Ur Opinion. Sum1 Wit Family Is Trying To Loose His/her Means Of Livelihood & U Are Saying D People Wit High Authourity Above Doz Bnks Shuld Kip Watching Wit Pleasure? It Wil Not Be Well Wit U. Wit People Lyk U In A Comunity U Can Do Worst Than Ganduje. |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by gift2xl: 7:25pm On May 03, 2020 |
Nice 1 |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by MyOpinion1(f): 7:25pm On May 03, 2020 |
sexylassie2: That is how it works, in as much as I don't subscribe to laying staff off at least the CBN should tell us explicitly how they are going to help the commercial banks in case of any loss and by any implications will not affect the customers money |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by wacuc0: 7:26pm On May 03, 2020 |
[left][/left] SLAP44:That is the work of CBN. Remember when it gets bad for the bank, the same CBN gives them money to bail them out. This is not a business loss for the banks rather a Force-Majeure. It is left for the CBN to work out the way to cushion the effect. |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by dadexcel: 7:28pm On May 03, 2020 |
SLAP44:.....the more reason for you to know that for the banks to agree to this is deal , CBN made them so offers.... |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by evansjeff(m): 7:28pm On May 03, 2020 |
sexylassie2: There are several other ways to cut cost apart from sacking. You just read that both the CBN and the banking committee have agreed on a policy so what’s the problem about? Are people just sitting deliberately waiting for bad news? Think about their wives and children and other dependents 4 Likes |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by adabaraabdul: 7:29pm On May 03, 2020 |
In as much as i dont want anybody to lose his or her job, i find his CBN directive reallly lugubrious, if the cbn will give the banks interventions or bail out funds I will understand this. But I dont even understand how this will work. Very funny. |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by ChengHun(m): 7:29pm On May 03, 2020 |
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Re: CBN & Bankers Committee Suspends Lay-offs In Banks by A305: 7:29pm On May 03, 2020 |
The igwe has spoken! |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by Lush100(m): 7:30pm On May 03, 2020 |
Full time and part time. Please which work is part-time in the bank? If they say full time staff and contract staff, I could understand, But part-time, Until I confirm from top people that the circular is genuine and binding, It's with a pinch of salt |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by 234GT(m): 7:30pm On May 03, 2020 |
sexiestharam: Read the press release again. Contract staff are covered. If the government bails out banks with taxpayers money, so be it. Bankers pay heavy taxes, so there is nothing bad in bailing the industry out. 1 Like |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by Netmuch(m): 7:30pm On May 03, 2020 |
SLAP44: Ogbeni you are heartless... Ppl like you should be sacrificed to the gods. Wetin ppl go chop in this time? |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by Nobody: 7:31pm On May 03, 2020 |
I pity all of you rejoicing. It seems some of you went through high school and university, read economics and then when issues that require sound economic analysis arise, people brain go just enter Agbaya mode. The only way this will be feasible is: 1. CBN will cut the banks a lot of regulatory slack to make more money. This will be to the detriment of the larger economy and stifling funds the real sector, which is the only sector that will pull us out of the recession needs. 2. Direct bail out funds by the FG. Starving the real sector if needed funds. 3. Huge tax rebates. Again detrimental to the larger economy. The number of jobs it will keep is negligible to the damage this will cause. 4. They were mum on what the salary scale would be. Guess what, they will simply divide the total salary they would have paid had they sacked people by the total number of staff without sacking and adjust peoples salary grade. So effectively , the only way If 1-2 were not the case is a general downgrade in salary. N:B There is never going to be a win win situation. Someone or something has to loose because of this decision. The question is hope the other side will not mind. 1 Like |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by sonnie10: 7:32pm On May 03, 2020 |
SLAP44: Maybe that is why CBN is called regulator. They just won’t let these players behave anyhow |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by oluwasegun007(m): 7:35pm On May 03, 2020 |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by masseratti: 7:35pm On May 03, 2020 |
naptu2:I was wondering myself, are they going to take over the management of a distressed bank? |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by K4daniel: 7:36pm On May 03, 2020 |
CBN is a bankers bank, it regulates and control the activities of commercial banks. It can lend money to Access Bank to enable it come bank to life. CBN of today is not like those days, it would ensure safe and sound banking system where no oppression and fear of sacking, it will not allow access bank cause confussion and economic difficulties for staff whose hope and daily income depends on their jobs, if care is not taken other banks may also join Access in doing same thing. Thank God for sane man like CBN governor Emefule who is doing a great Job. |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by sexylassie2(f): 7:36pm On May 03, 2020 |
evansjeff: reducing the labour force or unpaid leave is the only way to cut cost in this downturn in this option reducing the labour cost is the only solutions with what has happen, it means tax payers is going to pay to bailout banks, i hope you know they increase vat to 7%, imagine what more they will do to make the masses suffer so that they wont sack nobody in the bank what several ways do you suggest to cut cost? 1 Like |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by naptu2: 7:36pm On May 03, 2020 |
masseratti: naptu2:
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Re: CBN & Bankers Committee Suspends Lay-offs In Banks by Nobody: 7:37pm On May 03, 2020 |
Good decision ,but it is time to make our business enabling environment flawless so we can attract new FDI..especially from those running away from China. |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by idtwo: 7:37pm On May 03, 2020 |
Oga, the banks are still making good profit, you only need to see their 1st quarter report. It is just a question of tolerating a little less profit than they earlier projected by not sacking workers, this is better for the society in the long run. Nobody said they cannot reduce wages a bit but don't sack people at this time. The guys at the top echelon are the ones that take the lion share of the wage bill in reality, not the low cadre. SLAP44: |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by Kingzy4pep(m): 7:37pm On May 03, 2020 |
HarunaWest:LOL. Seems you're a banker. |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by Yuceeluv(f): 7:39pm On May 03, 2020 |
Lol i will allow a banker/ex-banker reply you. Be like you no know how banks do. HarunaWest: |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by masseratti: 7:39pm On May 03, 2020 |
naptu2:okay... I just pray all ends well at the end of this pandemic, the truth is that we just don't have the money to keep both the private or public sector afloat right now. |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by Adakintroy2: 7:39pm On May 03, 2020 |
SLAP44: Oga go one side. Talk like someone with soul small. See how you rush come to protect business while others DE protect human being. |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by SavageMaster: 7:41pm On May 03, 2020 |
naptu2: This is good. On top of the hunger virus, some banks still want people to lose their jobs |
Re: CBN & Bankers Committee Suspends Lay-offs In Banks by Kingzy4pep(m): 7:42pm On May 03, 2020 |
Yuceeluv:Madam, truth is bank marketers aren't working now. |
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