Crime › Re: Hausa And Fulani Clash At Agege Abattoir Market In Lagos, 1 Hausa Killed (Pics) by ikemesit4477: 7:01am On Sep 08, 2016 |
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Politics › Re: Tom Marino Writes Kerry, Accuses Buhari Of Autocratic Tendencies by ikemesit4477: 3:17pm On Sep 04, 2016 |
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Christianity Etc › Re: Nobody Can Islamise Nigeria - Pastor Kumuyi by ikemesit4477: 9:35am On Sep 03, 2016 |
nyabinghi: Allah created jesus that was why jesus wailed Allah Allah lamasabachtani. Ask your silly pastors why they can't tell you the truth.you said God is foolish maybe your lame god ,the bible is full of poo all I know Allah is a son of a bitch! |
Christianity Etc › Re: Nobody Can Islamise Nigeria - Pastor Kumuyi by ikemesit4477: 9:24am On Sep 03, 2016 |
winj: When Southern Nigerian cannot do anything about something they simply say rubbish like no one can force us to do this and that or no one can islamize us or the will of the yeye people cannot be blah blah...
Kumuyi is just as useless as the average southern Nigeria because Nigeria is already an islamic dominated country and no one seems to be doing anything about it: -Northern Nigerian states no longer abide by the Nigerian constitution, they follow islamic law -Southern Nigerians cannot live in many parts of Northern Nigeria because they are no longer part of Nigeria -Southern Nigerians are killed daily by northerners with impunity
so what is that fool talking about? Do you know you are a fool? |
Career › Re: Economic Recession: Banks, Insurance Firms Slash Workers’ Salaries by ikemesit4477: 9:05am On Sep 03, 2016 |
basilo101: Dayo Oketola, Nike Popoola, ‘Nonye Ben-Nwankwo, Fisayo Falodi, Gbenro Adeoye, Tunde Ajaja, and Jesusegun Alagbe
Hit by the current economic recession in the country, most money deposit banks and insurance firms have slashed their workers’ salaries by between 20 and 50 per cent.
Investigations by Saturday PUNCH revealed that Diamond Bank Plc, Heritage Bank Plc, Zenith Bank Plc, First Bank Plc and Wema Bank Plc have reduced their workers’ salaries as of August 31, 2016. This has also been confirmed by management sources and workers in the affected banks.
While Diamond Bank was said to have slashed salaries by 30 per cent, Heritage by 30 per cent, First Bank and Wema Bank workers’ salaries were slashed by 20 per cent each. It was learnt that the banks tied the decision to cut salaries to workers’ ability to meet deposit targets, which have become unrealistically high in recent time. Hence, workers who failed to meet their targets had their salaries slashed.
Investigations also revealed that some insurance companies have extended the targets of premium generation to their employees.
Before, the marketing departments of the underwriting firms and insurance agents were responsible for generating premium for the companies.
Due to the economic crisis in the country, many insurance firms increased the targets for their marketing departments’ workers with threats of not paying them salaries if they failed to meet it (targets). As such, insurance workers who failed to meet their premium targets, according to industry sources, also had their salaries slashed.
An insurance employee, who spoke to one of our correspondents, said, “Before, it was only the marketers that they used to give targets to. Now, some of us also have targets ranging between N40, 000 and N100, 000 monthly and our promotion and salaries are tied to our performance.”
A Zenith Bank worker, who simply identified herself as Nkem, confirmed the slash in salaries.
Nkem said she resumed work after her annual vacation only to discover that she didn’t get the same salary that she had always received.
Similarly, another Zenith Bank employee, who spoke on condition of anonymity, told one of our correspondents that there was eight per cent cut in their salaries, beginning from August.
The source said the reason given by the bank was that the workers had not been paying the correct tax, hence, the bank had to start the deduction to regularise the tax payable.
On the fear that some workers could be sacked, the source said such fear had always been there, but the current one was beyond description.
He said, “The problem now is that there has not been any promotion since last year, which seems strange.”
An employee of First Bank, who spoke on condition of anonymity, said he had been sleeping and waking up in worry in the past two weeks due to fear of being sacked.
The banker, who just got married in Lagos, said workers had received an email from the bank’s Managing Director about a “new development soon.”
He said, “We have been receiving hints of more lay-offs due to the economic recession in the country, which has deeply affected the banking sector. Some employees lost their jobs two months ago. We also learned that another set of people will be laid off between September and October.”
Saturday PUNCH learnt that Ecobank has yet to slash its workers’ salaries, but there is apprehension among the bank’s employees that their pay might be slashed any moment from now.
One of the bank’s senior members of staff, who preferred to be addressed as Handsome Guy, said it had become a tradition among Nigeria’s banks to be imitating one another’s policies, especially those affecting workers’ welfare.
A worker with First Bank Plc, who simply identified himself as Jimson, confirmed to one of our correspondents on Thursday that most bank workers now go to work with the fear that they could be sacked anytime.
“There is perpetual fear in all banks. Every category of workers in the banks is affected by the economic crisis,” he said.
He, however, noted that some bank workers had been resigning and travelling abroad, especially the United States and Canada, to avoid being sacked.
Jimson said, “One of my colleagues just resigned last month because of the fear of losing his job and travelled to the U.S to seek greener pastures. But those who are not interested in leaving Nigeria have devised many means to survive the harsh economy should their letters of sacking come anytime. They are setting up small scale businesses.
“The most common ones are laundry services and restaurants which require capital outlay of N500, 000.
“The academically-sound ones among them have been moving to private universities to take appointments there. The problem is on the high side now. There is perpetual fear among bank workers that they can be fired at anytime.”
The National Union of Banks, Insurance and Financial Institutions’ Employees confirmed the development in the banks to Saturday PUNCH.
NUBIFIE Secretary General, Mohammad Sheick, said the issue had become a serious concern to the union.
Sheick said, “There is apprehension in the banking sector. Recently, there was mass sacking by banks and the Federal Government directed that those who were sacked during that period should be recalled.
“We have had about two meetings with the Federal Ministry of Labour on the issue and we are hopefully looking at the possibility of the ministry calling us to another meeting so that we can have an understanding on how to respond to the emerging issues like economic recession and other factors that are affecting the operations of banks.
“Even before the economic recession, the banks have always responded to any policy of the government negatively. The first thing that came to the mind of the banks’ management, which the union has always disagreed with, is to lay off workers.
“They (banks) have to think outside the box and objectively. If they want to cut cost or reduce certain expenditure because of certain government’s policy, then the reality is that they should know where they should direct their attention.
“I can volunteer to say that the thing that eats deep into banks profit and loss is nothing other than the kind of lifestyle of the management staff of the banks. For example, the monthly salary of one executive director is more than the salaries of 100 workers. This is apart from other privileges and perks attached to him as an executive director.”
The Head, Corporate Communications, First Bank, Mr. Babatunde Lasaki, denied that the lender cut its employees’ salaries.
In a response to an emailed question, he said, “This is totally incorrect and unfounded. First Bank staff salaries, allowances and bonuses are being fully paid as and when due.”
The spokesperson of Zenith Bank, Mr. Akin Olaniyan, could not be reached on the telephone. Text message and email questions sent to him were not responded to.
The spokesperson, Diamond Bank, Mike Omeife, denied that the bank had cut the salaries of some of its workers.
The Director-General, Nigerian Insurers Association, Mr. Sunday Thomas, said everybody is a marketer in the insurance firms because they need the premium to operate all the departments.
“It will not be out of order for the companies to give employees targets except the target is unrealistic,” he said.
However, economists said the high deposit targets and the attendant fear by bank and insurance workers could be a strategy by the two industries to survive the current economic reality in the country.
A renowned Economist and Managing Director, Cocosheen Nigeria Limited, Ikeja, Lagos State, Mr. Henry Boyo, agreed that such a measure could be a strategy by banks to remain in business.
He said, “Every sector in the country is affected by the economic crisis, not only the banks. For instance, if a company asks you to pick between being sacked and your salary being reduced, I think most people would prefer the latter option. This could be what is happening.”
Another Lagos-based economist, Dr. Babatunde Abrahams, predicts the mass sacking of workers in banks and insurance firms going by the latest development.
He said, “If anyone has been watching economic trends for a while in the country, you will discover that the sacking of workers is inevitable. Banks trade with customers’ deposits, but I can tell you that very few people have money in banks in this harsh economic period.” http://punchng.com/economic-recession-banks-insurance-firms-slash-workers-salaries/?utm_source=twitterfeed&utm_medium=twitter This is real, where am working they started slashing my salary since June. |
Christianity Etc › Re: Nobody Can Islamise Nigeria - Pastor Kumuyi by ikemesit4477: 3:33pm On Sep 02, 2016 |
Berbierklaus: You are wise
Everything happening in Nigeria today points to the fact that christians might soon become endangered specie.
We pray not,but the earlier these men of God realise what's going on the better for all of us who born dog? Till you die! |
Family › Re: I Came Home To Pick Up Something And Caught Wife With Her Lover – Husband by ikemesit4477: 12:00pm On Sep 02, 2016 |
donbenedict: Where is dis Igando customary court sef. Do you want to dissolved your marriage too? |
Health › Re: Proliferation Of Fake Condoms In Nigeria. by ikemesit4477: 7:07pm On Aug 30, 2016 |
amtaken: Why are there so many fake condoms in Nigeria today?
Most of them break while being used.
Can the Ministry of health look into this please, considering the fact that this could be hazardous to the health and can also lead to unwanted pregnancies? Tell your man to always take it easy! |
Romance › Re: 22 Hidden Signs Of A Gay Nigerian Man by ikemesit4477: 10:28pm On Aug 29, 2016 |
Berbierklaus: Going by this list then 90% of Nigerian men are gay   including your brothers |
Romance › Re: Airport Worker Dies After Sex With Girlfriend (photo) by ikemesit4477: 12:14pm On Aug 29, 2016 |
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Agriculture › Re: Chickens Forced To "Skip" Meals As Cost Of Poultry Feed Rises By 100% by ikemesit4477: 1:49pm On Aug 27, 2016 |
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Politics › Re: It's Wrong For Mikel, Siasia To Accept $390,000 Gift - Senator Ogba by ikemesit4477: 5:44am On Aug 26, 2016 |
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Events › Re: Akinade And Olufunto Married As Virgins!! (Photos) by ikemesit4477: 5:54pm On Aug 21, 2016 |
kaziblake: It's not a new thing cos I'm also one 
Bad belle take note
Modified See painment I don't know what's you guys fvcking business...I decides to keep my myself is none of your headache pls Team virgin Are you sure you are not using vibrator? |
Politics › Re: "I Have Found My Missing Original Certificates" - Obaseki by ikemesit4477: 9:38am On Aug 18, 2016 |
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Jobs/Vacancies › Re: Nigerian Ports Authority (NPA) Recruitment Of 2016 To Start Soon by ikemesit4477: 4:10pm On Aug 12, 2016 |
essay123: Tried to post this but got banned twice. I have an idea why dont we come together to invest. We have many unemployed youths DAT can save 50k to 150k just to buy phones. What if about 100 of us came together and contributed 100k. That should be 10000000naira. There are many businesses we could do with that, if we could expand am sure in about 2 or 3 years time we could all be getting back our investment annually. Just saying is a nice idea but people are wicked! |
Sports › Re: Ogenyi's Mastercard Used In Shanghai By Fraudsters by ikemesit4477: 5:58pm On Aug 09, 2016 |
jideniceguy: imaging the damaged instead of imagine the damage. Chai! RIP English  hmm, project supervisor! |
Romance › Re: 11 Super Qualities That Describe A Husband Material. by ikemesit4477: 4:47pm On Aug 09, 2016 |
skarlett: How else will you know he can satisfy you in bed if you don't have sex with him  His joystick size! Lol |
Family › Re: Woman Slaps Husband At LUTH Car Park Over Unclad Photo On His Phone (snapshots) by ikemesit4477: 10:57pm On Aug 07, 2016 |
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Celebrities › Re: Toyin Aimaku’s Fan Commented On The Exposure Of Private Part In New Photo by ikemesit4477: 3:36pm On Aug 06, 2016 |
HungerBAD: I see parts but nothing private.
Moreover,who made people the Moral Police?If any woman is comfortable in whatever she is wearing,then we should let her be. hmmm I was thinking they are talking about p**sy |
Crime › Re: EFCC Arrests 3 FAAN Staff For N100m Fraud Using 8 Accounts by ikemesit4477: 9:49pm On Aug 05, 2016 |
stephenduru: The EFCC, on August 2, 2016 arrested a level six officer of the Accounts Department of the Federal Airports Authority of Nigeria, FAAN, Christy Olabode, for an alleged fraud to the tune of N100 million. Also arrested was her younger brother, Abdul-Shehu Obaze, a staff at the Commercial Department of FAAN in Ilorin, Kwara State, and Dominic Ojo, an IT officer at FAAN Headquarters, Lagos. Her arrest followed an anonymous petition, which indicated that she allegedly diverted the said sum, by inserting names of non-FAAN staff into its payroll. She allegedly conspired with Obaze, to perpetrate the fraud.
Obaze was found to have maintained not less than eight accounts in seven new generation banks, which were used to receive the funds for onward distribution to “several high ranking officers within the FAAN”. The funds were being paid into his various bank accounts with the narrative, “Furniture Allowance”. However, while allowance for FAAN's furniture is usually paid once in three years, Obaze received the “allowance” several times within a year.
Investigations carried out by the EFCC revealed that the fraud had gone on since 2013. It unearthed a payroll with names of many dead, retired and disengaged staff of FAAN listed against Obaze's different bank accounts. Upon interrogation, Obaze, a level nine officer, confessed that other FAAN officials were involved in the massive fraud, including Olabode's husband who works in the Human Resources department of FAAN. Olabode and Ojo currently enjoy administrative bail, while Obaze remains in EFCC custody. They would be charged to court as soon as investigations are concluded.
Source: http://www.trezzyblog.com/2016/08/n100m-fraud-efcc-arrests-three-faan.html smokers are liable to die young! |
Crime › Re: We Were Initiated Against Our Will At A Party – Aiye Cult Members (pic) by ikemesit4477: 4:32pm On Aug 05, 2016 |
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Foreign Affairs › Re: Sasha Obama Starts A Job At A Restaurant by ikemesit4477: 10:47pm On Aug 04, 2016 |
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Jokes Etc › Re: If You Take Him Out Of Village, You Can Never Take The Village In Him (photo) by ikemesit4477: 5:27pm On Aug 04, 2016 |
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Education › Re: HND/Bsc Dichotomy Resolved By The National Council On Establishment by ikemesit4477: 5:21pm On Aug 01, 2016 |
rattlesnake: Can you dictenomy knowledge? nonsense low self esteem!!!!.....i pity HND holders Go hug transformer for all I care! |
Family › Re: Teenager Gives Birth At Ilu Iboro Without Being Aware Of Pregnancy (photos) by ikemesit4477: 8:01pm On Jul 28, 2016 |
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Politics › Re: Police In Igando Used Drone To Track Movement Of Militants, Lagos. PICS by ikemesit4477: 7:15am On Jul 27, 2016 |
ChangeIsCostant: Earlier today, policemen engaged in a gun battle with militants in Igando, a suburb of Lagos. It was gathered that the militants stormed the area around 4am, looting shops and shooting into the air. According to reports, the heavy shootout, which has left three policemen injured, has caused residents of Igando, especially those around Ikejobi Avenue, Ewedogbon Bus Stop to flee their homes or hide indoors. They cannot use it to track boko haram ! Men of the Rapid Response Squad deployed a drone and helicopter to track the movement of the militants in the inner streets of Ewedogbon, Igando as depicted in the pictures.
Source; http://www.nationalhelm.net/2016/07/see-drone-and-helicopter-police-used-to.html |
Crime › Re: Police Charge Unmarried Man With Adultery, Collect N10,000 Bribe at ATM (Pic) by ikemesit4477: 9:58am On Jul 19, 2016 |
Then what about the lady they arrested along with him? |
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Crime › Re: Robber Hit With His Own Charm, Slumps In Lagos (photo) by ikemesit4477: 11:04am On Jul 18, 2016 |
the hunter has became the hunted |
Politics › Re: Policemen Push A Man's Car From Gutter - Photos by ikemesit4477: 10:44am On Jul 18, 2016 |
wonder shall never end! |