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Politics / Re: Again, The CCT Orders The Arrest Of Bukola Saraki by dearie(m): 2:22pm On Sep 21, 2015 |
Delafruita: The CCT is an inferior court to the Federal High Court. The CJN will soon make a reinstatement of the law and the CCT will be called to order in order for the judiciary not to be upturned over this issue. |
Career / Re: What Is The Lowest Income A Person Living In Lagos Should Earn To Live Decently? by dearie(m): 12:03pm On Sep 09, 2015 |
MKO4ever: You got a wise dad... Living decently to me is if one month salary can pay your annual rent. Worst case scenario would be 2 months. Anything more will mean "dragging it" . That's just my take. 2 Likes |
Business / Re: TSA: Mass Sack Looms In Banks by dearie(m): 10:55pm On Aug 25, 2015 |
Bevista: It wont really affect those small players in the public sector. The Major big time public-sector-funds-mopping banks will be terribly hit. |
Business / Re: TSA: Mass Sack Looms In Banks by dearie(m): 4:39pm On Aug 25, 2015 |
Hehehehe1: On the long run...It will aid accountability in the public sector and boost efficiency. The banks will also have no choice than to lend to the real sector to stay afloat. The economy will consequently be the best for it. 2 Likes |
Business / Re: TSA: Mass Sack Looms In Banks by dearie(m): 10:58am On Aug 25, 2015 |
Unsad: Yes, the sack wont be at all, but on the long run, the impact of the TSA will be good for the generality of Nigerians. |
Business / TSA: Mass Sack Looms In Banks by dearie(m): 10:38am On Aug 25, 2015 |
http://naijabankers.com/viewtopic.php?f=3&t=1559 |
Politics / Re: What's Your Opinion About NASS Recess by dearie(m): 6:54am On Aug 18, 2015 |
It's pathetic...We need to charge these guys to earn their pay. Otherwise it will be business as usual. |
Business / Re: The New Method Of Depositing Cash In Banks by dearie(m): 9:22am On Aug 06, 2015 |
Dindondin: It's not new though...Thanks for the information. Check out My signature for banking news. |
Autos / Re: Very Clean Registered Infinity FX 35 Full Option For Sale by dearie(m): 11:22pm On Jul 30, 2015 |
Still very much available |
Autos / Re: Very Clean Registered Infinity FX 35 Full Option For Sale by dearie(m): 6:25pm On Jul 29, 2015 |
Still Available |
Autos / Very Clean Registered Infinity FX 35 Full Option For Sale by dearie(m): 1:33pm On Jul 29, 2015 |
Very Clean Registered Infinity FX 35 06/07 Model. Full option, Keyless, Reverse Camera, American Spec, Leather Interior. Available for sale for N1.8m location: Egbeda Contact 08032439818 for negotiation. Serious buyers only.
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Business / Debtors List: Bank Customers Rush To Renegotiate Loans by dearie(m): 10:15pm On Jul 28, 2015 |
Delinquent debtors of Deposit Money Banks, whose loans have become non-performing, are rushing to the banks to renegotiate their outstanding facilities four days to the expiration of the July 31 repayment deadline set by the Central Bank of Nigeria. The CBN had on April 22 directed the banks and discount houses to commence the publication of the names of their delinquent debtors from August 1. It ordered the banks to publish the list of the delinquent debtors, whose loans remained non-performing after the deadline, in at least three national newspapers on a quarterly basis. In line with the directive, banks gave the chronic debtors a three-month ‘grace period’, which will expire on July 31. But top officials of banks told our correspondents on Monday that majority of the delinquent debtors were already re-negotiating their loan terms with the respective management of the DMBs, with a large number of the customers turning out in the last few days. A top executive of a tier-1 bank, who spoke on condition of anonymity, told one of our correspondents on Monday, “I can confirm to you that majority of the delinquent debtors are now rushing to renegotiate their loans with us; some had come earlier to do it, but we are having a large turnout in recent weeks and days. “We are still looking at the numbers but there is no going back on the CBN directive. We will definitely publish the names of those who fail to meet with the bank over their indebtedness sometime in August, but not necessarily August 1 in line with the directive.” Officials of First Bank of Nigeria Limited, Guaranty Trust Bank Plc, Diamond Bank Plc, Skye Bank Plc and United Bank for Africa Plc told our correspondents that there was no going back on the central bank’s directive. However, they said some of the delinquent debtors were contesting the figures regarding their total indebtedness to the banks. This, they noted, had led to series of litigation between the banks and a sizeable number of their delinquent debtors. A spokesperson for First Bank, Mr. Babatunde Lasaki, said “Some of these customers have initiated discussions with their relationship managers and the discussions are ongoing. However, some of the debtors are contesting the figures and some of them have resulted to litigation over the matter. “We have written to the CBN to seek clarification on whether these set of customers should be included in the list (of debtors for publication), but we have yet to get a response.” The Skye Bank spokesperson, Mr. Rasheed Bolarinwa, said the lender could not disregard the CBN’s directive, explaining that discussions were at an advanced stage between the bank and the debtor customers. An e-mail enquiry requesting further information on the status of the delinquent debtors, especially the number of those that have renegotiated their facilities and the outstanding number was not replied to as of the time of filing this report. The spokespersons for UBA, Ecobank Nigeria Plc, Diamond Bank and GTBank promised to provide updates on the discussion with the delinquent debtors, but had yet to do so as of press time. Meanwhile, the Asset Management Corporation of Nigeria, the government agency that bought over the NPLs in the banks after the 2009 banking sector crisis, said on Monday that it would publish the names of the delinquent debtors in line with a CBN directive. In a public notice, the agency advised its debtors to pay up or produce feasible restructuring plans within the time stipulated by the central bank. http://naijabankers.com/viewtopic.php?f=3&t=1510 |
Business / Nigeria’s Debt Now N12.12tn –DMO by dearie(m): 10:49pm On Jul 27, 2015 |
http://naijabankers.com/viewtopic.php?f=3&t=1502#p1645 |
Business / Why Diaspora Customers Pay For BVN Registration by dearie(m): 10:40pm On Jul 27, 2015 |
Following protests by Nigerians living in the United Kingdom (UK) over the £30 Bank Verification Number (BVN) registration fee, the Nigerian Inter Bank Settlement System (NIBSS) have explained that the amount which roughly adds up to about N11,000 is the cost of the service rendered. [url] http://naijabankers.com/viewtopic.php?f=3&t=1501[/url] |
Career / Re: Bankers Whats The Way Forward?? by dearie(m): 2:09pm On Jul 27, 2015 |
Denn: I couldn't agree any less with your post. It is a clear indication of your knowledge of the industry in Nigeria. However, it is not all gloomy and sad for prospective entrants. It is just the part of the hazards which is not limited to banking. I make bold to tell you that there are so many bankers out there who don't think they would be happier elsewhere. So its a case of different strokes for different folks. I will join others to say the best thing to do is to plan your exit like you will be axed the next day and do well to live within your means so you can save up enough for the rainy days. |
Career / Re: Which Company(ies) Takes Their Staffs Abroad For Training? by dearie(m): 2:38pm On Jul 23, 2015 |
matilda02: Many companies do that even commercial banks do that especially if you are in units like Treasury, Corporate Banking, E-banking, Risk Mgt, international trades, Audit , IT etc. |
Politics / Re: Senate Rules: I’ve No Hand In Alteration — Ekweremadu by dearie(m): 7:50am On Jul 11, 2015 |
Haba, can't we read posts devoid of invective? I must say I was really enjoying @nduchucks and @ whynotthetruth mild arguments until it became wild. You guys need to understand that divisive posts llike this fuel tribal sentiments and have the tendency to widen the existing seeming gulf between us. Please be mindful of others while you post so as not to incite hatred in their minds which could degenerate to another monster like BH. God Forbid. |
Politics / Re: #bringbackourgirls Crew Meet President Buhari Today (Photos) by dearie(m): 1:30pm On Jul 08, 2015 |
Smokescreen 3 Likes |
Car Talk / Re: Passenger Bus Falls Into Lagoon Along Ijebu Ode-ore Expressway (photos) by dearie(m): 4:17pm On Jul 07, 2015 |
Na wao. Hope there are no casualties? |
Business / Re: Nine Nigerian Banks Make Top 1000 Global Banks List by dearie(m): 9:36pm On Jun 30, 2015 |
Naijabanks doing well relatively well amid all the challenges and the ill-luck bedevilling them. It's only a matter of time, and you will see them take thier rightful positions in the top 100 of the global list. naijabankers.com |
Autos / Re: Tokunbo Toyota Sienna 2004 American Spec. by dearie(m): 10:25pm On Jun 25, 2015 |
Still Available... |
Autos / Re: Tokunbo Toyota Sienna 2004 American Spec. by dearie(m): 8:56am On Jun 25, 2015 |
Available for urgent sale... Call for negotiation. |
Autos / Tokunbo Toyota Sienna 2004 American Spec. by dearie(m): 7:45am On Jun 25, 2015 |
2004 Toyota Sienna American Spec CD Player Power Door Fabric Interior Location: Egbeda Lagos Price is 1.7m Call/WhatsApp 08032439818
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Education / Re: What Is The Number Under The Parked Car? by dearie(m): 9:52am On Jun 24, 2015 |
Nothing |
Career / Court Orders Bank To Pay Exstaff N8.5m For Wrongful Dismissal by dearie(m): 3:59pm On May 09, 2015 |
The National Industrial Court, Abuja, on Friday ordered Ecobank Plc to pay Mr Uche Abrah , the sum of N8.5 million as his cumulative salary arrears and gratuity from 2006 to 2014. The court made the order after considering evidences in a case of wrongful dismissal instituted by Abrah against the bank. The judge, Justice Peter Lifu, in the verdict, declared that the claimant’s dismissal from the employment was wrongful and illegal. He, however, said that the claimant shall be paid three months salary in lieu of notice as dated in the defendant’s termination of employment policy. Lifu stated that the claimant should be paid his gratuity from the period of his engagement by the defendant, commencing from Aug. 2006 to Jan. 4, 2014 and also salaries from the period of indefinite suspension. He further ordered that a sum of N30, 000 should be paid as cost of suit and “the judgment should be fulfilled within 30 days or else attract an interest of 10 percent per annum’’. Abrah had approach the court with prayer that he was dismissed on the ground of alleged conspiracy to steal over N2 million from the bank. He had told the court that before his dismissal, he was suspended even when there was no evidence to prove the allegation against him. Commenting on the verdict, the claimant’s counsel, Edwin Agbu, told the News Agency of Nigeria (NAN) that the judgment could not have gone otherwise because the bank had no evidence to back its allegations. He expressed joy and satisfaction over the case, stating that the claimant was happy for receiving justice at last. http://naijabankers.com/viewtopic.php?f=3&t=1111 1 Like |
Politics / Re: Jonathan Is Not A Hero – Oby Ezekwesili by dearie(m): 10:34am On Apr 04, 2015 |
Monogamy: With all due respect Madam Oby, who asked your opinion on this matter? Why are you just bent on soiling your name and ruining whatever is left of your fading image. Why not hold on to the Chibok campaign, atleast it still hovers your name in the media and keeps it from going into 'extinction'. If you are not blinded by your hate for Jonathan, you would atleast see the volatility of your remark. Jonathan has towed the unpopular path of conceding defeat much to the chagrin of his die-hard supporters and even enemies of the populace and you run your mouth amok to utter the gibberish you just did. Mind you, the challenge with the card reader during the accreditation is enough to have caused disruption of the elections but for his calm disposition and his comments especially giving his party's position on the use of card readers, let alone his phone call and unprecedented concession of defeat. Please madam, keep your opinion to your self next time and stop making divisive statements capable of engulfing the nation in war and your type will board the next available flight out of this country leaving innocent and helpless Nigerians to bear the brunt of your nonsensical, irresponsible and highly unnecessary comments. 5 Likes 1 Share |
Politics / Re: Elombah.com Claims That Senator David Mark Lost His Seat by dearie(m): 8:57am On Mar 29, 2015 |
Dragonking: David Mark loses...liesssss 10 Likes 3 Shares |
Politics / Jonathan's Government Is Corrupt...change Agents by dearie(m): 10:18pm On Feb 10, 2015 |
JONATHAN'S GOVERNMENT IS CORRUPT -THEY WANT CHANGE 1. Obasanjo’s government spent $16bn for power, and only achieved to change the name of NEPA to PHCN, yet some people and Obasanjo says Jonathan’s Government is corrupt. 2. Obasanjo’s government, Olusegun Obasanjo and Atiku Abubakar were involved in a $180m Hallibuton bribery scam that made world news, Yet Obasanjo says Jonathan’s Government is corrupt. 3. Obasanjo’s government, Obasanjo and Atiku spent about N1tn with Siemens for the production of National ID Card, with a N34bn bribery scam. I am yet to get mine, Yet Obasanjo says Jonathan is corrupt. 4. Bola Ahmed Tinubu used Babatunde Fashola to build 1 kilometer of road for N1.2bn, while Akpabio builds same for N120m. Yet Tinubu and Fashola says Jonathan is corrupt. 5. Bola Tinubu and Fashola spent $460 million (N55 billion at the 2009 exchange rate of N118/$1) of tax payer’s money in the name of Lekki-Epe Concession Company (LCC) to build a toll gate, and yet taxed Lagosians even after claiming to buy back the concession, for using the road with no records, Yet Tinubu, Fashola and Obasanjo says Jonathan is corrupt. 6. Buhari delegated all powers to Afri-Project Consortium (APC), a consulting firm owned by his Wife’s brother, which allowed his Inlaw’s firm to Initiate all projects for the PTF, Approve all projects for the PTF and Execute all projects for the PTF. APC was able to make away with N25,758,532,444 (Twenty-five billion, seven hundred and fifty-eight million, five hundred and thirty-two thousand, four hundred and fourty-four Naira). Buhari says he did not know. Yet Buhari, Tinubu claims Jonathan is corrupt. 7. Rotimi Ameachi spent N50bn to build a 2Km monorail that is yet to be completed. And Ameachi, Tinubu, Buhari says Jonathan is corrupt. |
Business / Standard Chartered To Cut More Jobs by dearie(m): 9:19pm On Jan 09, 2015 |
http://www.naijabankers.com/viewtopic.php?f=3&t=673 |
Nairaland / General / Re: My Experience With An Unarmed Robber In A Banking Hall by dearie(m): 8:44pm On Jan 09, 2015 |
iamphilips: People should be more vigilant and alert in banking halls. I must state here that this has always been happening and it is not new at all. Ensure you deal only with staff behind the counter or at least a staff on ID card except if you have been seeing them in the branch before. Branch Management also has to be vigilant to protect unsuspecting customers 1 Like |
Business / Banks Plan Massive Job Cuts, Slow Branch Expansion by dearie(m): 2:57pm On Jan 09, 2015 |
http://www.naijabankers.com/viewtopic.php?f=3&t=662#p791 The difficult regulatory environment, which is due to take toll on the financial sector this year, has forced a number of banks to commence the process of cutting jobs and put on hold branch expansion plans. While some of the banks laid off some workers late last year, it was learnt that most of the lenders were planning to cut their employees’ numbers this month and in February. Our correspondent gathered that some of the financial institutions were already outsourcing a number of job functions, a development that has seen some of them transfer a significant number of their employees to third-party companies. Just last week, Skye Bank Plc announced that it had transferred its tellers, drivers, security personnel and other support staff members to three outsourcing firms. Hundreds of the bank’s workers are said to have been affected by the development. The decision, which came less than one week into the New Year, led to the disengagement of the affected employees from the bank and their subsequent transfer to third-party firms. Skye Bank, however, said in a statement on Sunday that the move was part of the initiatives to strengthen all cadres of its workforce. According to the statement, the outsourcing companies appointed to take over the employees are Optimum Continental Services, Strategic Outsourcing Limited and Integrated Corporate Services Limited. The bank gave the assurance that the outsourcing firms would engage the affected employees under the same terms and conditions as they were employed by the financial institution. Investigation by our correspondent showed that the decision of the banks to reduce their workforce and branches was meant to assist them to cut costs in the face of a looming decline in their profitability this year. A top official of one of the major lenders, who prefer to speak under condition of anonymity, said, “Some banks have laid off a few workers; others are planning to do so. Some will engage more contract staff. All the measures are aimed at cutting costs because the banking business environment is increasingly becoming challenging.” He added that Nigerian banks had the tradition of sacking some workers at the end of each year. Unity Bank Plc had in July last year announced the disengagement of 170 of its workers as part of efforts aimed at repositioning it for effective service delivery. The bank also stated that it had recruited over 300 new members of staff, mostly at the entry level. Zenith Bank Plc, Union Bank of Nigeria Plc, Diamond Bank Plc, Enterprise Bank Limited and Keystone Bank Limited had in the last two years sacked hundreds of their workers. Findings revealed that the latest threat of disengagement had to do with the need to realign for their operations for tougher 2015, especially as the monetary policy environment continues to get tighter. Some of the regulatory measures introduced by the Central Bank of Nigeria aimed at protecting the economy, according to findings, have started affecting the banks’ profitability, with major impact to be felt this year It was learnt that apart from job cuts, the banks were also planning to reduce the number of new branches to be opened this year. Other major projects and sponsorship programmes for third-party companies, which may not readily add to the bottom line, are also due to be axed by bank executives. Global rating agency, Fitch Ratings, and other international and local research firms had late last year predicted that Nigerian banks would witness a fall in profitability this year. On November 25, 2014, the CBN’s Monetary Policy Committee devalued the naira by eight per cent; raised Monetary Policy Rate from 12 to 13 per cent; and also increased the private sector Cash Reserve Requirement from 15 to 20 per cent. The development, which led to the immediate withdrawal of about N500bn from the banking system, was said to have affected the banks adversely. Also, in a bid to halt the sliding naira, the CBN had in December stopped the banks from keeping any of their funds in foreign currencies. It also said dollars bought from it must be utilised within 48 hours, adding that the actions were aimed at stopping the banks from speculating on the exchange rate. Experts said the recent regulatory measures would have major negative effects on the banks this year, adding that they were already feeling the effects of previous actions by the CBN, especially the increase in public sector CRR, the Asset Management Corporation of Nigeria’s levy increase, and the gradual removal of certain bank charges. The Managing Director, HighCap Investment and Securities, Mr. David Adonri, said although banks had been affected by previous regulatory measures, the recent actions of the CBN would further affect their operations beginning from the first quarter of this year. “A number of banks will declare good year-end results for the last financial year. But starting from the first quarter of this year, their profits may begin to decline owing to some of these regulatory headwinds,” Adonri said. Fitch, in a report released on October 8, 2014, said actions aimed at protecting the economy and the banking system by the CBN would make the profits of the Deposit Money Banks for this year to drop. While recalling that some of the previous regulatory headwinds had led to weaker profitability and “stemmed credit growth” in the first half of 2014, the rating agency said Nigerian banks’ assets growth and earnings would experience further fall over the next 18 months. Fitch, however, observed that the nation’s banks were performing well despite the twin hurdles of tight monetary policy actions and new rules. The CBN had in July 2013 increased the CRR on public sector deposits to 75 per cent from 12 per cent in order to curb inflation. It also reduced how much the banks could charge accountholders whenever they withdrew money as part of its plans to phase out the Commission on Turnover charges. AMCON had similarly raised its annual levy on the banks to 0.5 per cent from 0.3 per cent of their assets. According to Fitch, the AMCON levy and network expansion strategies have made the banks to experience earnings pressure and high operating costs. The Fitch report added that “the banks are now seeing some asset quality deterioration with rising absolute non-performing loans, reflecting fast loan growth since 2011. “Most banks’ NPL ratios remain below the five per cent prescribed by the CBN, but Fitch views this as unsustainable in the long-run. Very high loan concentrations by borrowers and sectors expose banks, particularly the smaller banks, to significant event risk |
Politics / Re: Close Revenue Accounts With Banks – FG Orders Mdas by dearie(m): 2:40pm On Jan 09, 2015 |
Wrong time to effect this in my own opinion. You are just going to stifle banks' income and push them to laying off their staff earlier than necessary. |
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