stagger:

Good move.

Let us see how the bankers will now apply themselves to entrepreneurial skills. Many of them look down on those who come to the bank to ask for loans. Now let them taste the other side of the coin.

starfox:

@ Stagger

Your response is unfortunate and just like a colleague told me before my name appeared on the sack list. Do not judge as you shall be judged likewise. Let me use this opportunity to disabuse your mind;

1. All Bankers I know wish they were entrepreneurs and never look down on them. Of course you might have encountered some arrogant ones as they abound however due to situations such as these (i.e. sack and all) they actually wish they had their own businesses.

2. As for requesting for loans, the banks have set rules that they follow therefore you need to know each bank's rule before applying for a loan. Some banks cater to just corporate clients eg Zenith and some to retail e.g. former intercontinental Bank and some stay in between.

Lastly, [b]as for tasting the other side of the coin, you are been shortsighted. Do you know how many people depend on bankers? [/b]you might not be one but one way or another you might be affected. A lot of entrepreneurs (Cobblers, traders, hair stylist etc) depend on the 'extravagance' of the banking industry and in extension bankers to make money. Therefore, your cynicism s uncalled for.

Just pray that something like this doesn't happen to your close one. I wish I could write more but well,

FXKing2012:

This is really pathetic. This is why I tell people to have a skill by the side just in case. I thank God I developed trading skills cos it gives me all the cash I need and dont have to suck up to any boss.

Nashville:

Laying off people is not necessarily a bad thing. From the bank's perspective, they want to be profitable for their shareholders. From the employees perspective, some will get new jobs and some will go into other things.

And for those talking about having a business on the side. How many profitable businesses can you do in Nigeria that can sustain a family. If all these business opportunities were there, then no work will be working. We can't all be traveling to China to import stuff. Running a private business in Nigeria is very tough and it is not for everyone.

Again some of these people layed off today will soemday thank God that this happened!

stagger:

I have no iota of sympathy for intercontinental bank or any of the workers there. You all were part of the rot that the banking industry degenerated to. You all were there watching your MD Akingbola and his cohorts looting customers' funds to build houses, buy land, buy private jets and live all manner of lascivious lifestyles.

If one of you had blown the whistle to the CBN Inspectorate in charge of banking supervision as far back as 2004 when this whole rubbish started, by now you all would have had your jobs and no one will be talking of acquiring a failing bank and the resultant layoffs that are a SURE spin-off of such exercise.

You bankers are the symbol of capitalism. It is survival of the fittest. You know how capitalism works, yet you complain when you are victims.

I do not even want to talk of some of the shabby customer service I was getting before I closed my account with that bank for good.

So from me, no sympathies whatsoever! You guys should hit the streets like some of us have been doing for years and grind out your living.

odiaero:

[/b]

Now u gone ranting in other threads too, so u have a boss too and come ranting to me that can pay u and boss while working for me, u are finished, go and upload ur screenshots as i did in the forex thread

Finecat:

@stagger
I understand your point but i still feel some sympathy for Nigerian bankers, they don't know any better. If you check my profile post back to 2007/2008, i have been warning bankers to develop other skills cause banking industry is prime to collapse. I was particular about Intercontinental bank because of their sharp practices and bad customer services. Intercontinental bank employees were the worst in the banking industry. They boast and obnoxious, predicted this was coming. I pray they find a way to support their loved ones.

kizito96:

Too Bad

saxywale:

but how is downsizing a callous move, should I run at a loss by keeping more staff than my business needs.

Hmmmmm, I think that's quite common with all Nigerian banks not just intercontinental. I was in Zenith the last time I was in Nigeria, was there to update the KYC stuff they recently introduced. The customer service was appalling.

Remii:

nothing bad with downsizing. however, after merger or bought over you don't lay off staff from only one heritage companies. you put all staff of the new company together and right sized from the poll.