₦airaland Forum

To make full stop to this, FG should scrap hnd , so that only nd will be for polytechnics. So that all Nig will Bsc holder.

Speculation going round that zenith is appealing the ruling again. Golliat fall before small david...na so dem go fall.GOD rescue your people.

@op: go to first bank to collect a form (atm dispense error) , you will give the details of the atm machine you used,date and the amount. It will be reconcilled btw the two banks. But before this time try and check your balance again as some atm machines are configured to returned any dispensed error back to owner's acct Within some hours.

Things happened in Nigeria o...people just need to stand tall and make things right..How i wish law can be hasten...
Upon all this falsified profits we see on paper.

N970m Suit: Zenith Bank Loses Bid to Stop Trial

By Onyewuchi Ojinnaka
Published March 20th, 2012
News
Unrated

Zenith Bank Plc could not stop the hearing of N970 million suit filed against it by its sacked employees as Justice F.I Kola Olalere of the National Industrial Court (NIC) has dismissed the preliminary objection filed by the bank, challenging the jurisdiction of the court in entertaining the suit instituted against it by the employees.
In dismissing the preliminary objection, the court further awarded the sum of N25, 000 costs against the bank.
About 97 sacked employees of the bank had instituted an action against the bank demanding payment of N10 million to each of them for alleged wrongful termination of their appointment with the bank
In its preliminary objection, Zenith Bank (first defendant) also contended that the suit filed by the claimants did not disclose any reasonable course of action.
In his ruling on the arguments on preliminary objection, Justice Olalere declared that the court has jurisdiction to entertain the suit, adding that the objection raised by the bank lacked merit.
The judge further held that by the combined effect of Order 4 Rule 2 of the National Industrial Court 2007 and Section 13 of the NIC Act 2006, the court has jurisdiction to hear the suit.
On whether the suit disclosed any reasonable course of action, Justice Olalere held that at the preliminary stage the claimants need not establish their plea, pointing out that the only thing needed was for them to put some facts before the court.
The court further held that the claimants have disclosed reasonable course of action, stressing that the preliminary objection of the bank and other defendants lacked merit. Others joined as defendants in the suit are Zenith Securities Limited (second defendant) and People Plus Management Service Limited (third defendant) respectively.
The sacked employees of Zenith Bank had in suit No NIC/LA/124/2011 represented by Peter Ogbolu, Charles Chukwu, Mangey Bitrus Bulus, Adeniran Adebisi and Abdullahi Olayiwola Alfa, suing for themselves and on behalf of 97 other former employees of Zenith bank sought for an order of court compelling the first and second respondents to reinstate them immediately or in the alternative pay N10 million to each of them as compensation for the alleged unfair labour practice.
The claimants had in their statement of claim filed by Mr Olusola Salawu, their counsel, stated that they were employed at various times by the respondents as system administrators and were issued letters of employments and hand book of the first respondent stated the condition of service.
They further stated that they were paid by Zenith bank and were issued pay slip by the bank, adding that they have worked in the employment of the defendants between five and 10 years.
Besides, they alleged that contrary to the best labour practice as implemented to other categories of staff within the industry, they were never promoted nor given the opportunity to progress on the job.
The sacked bankers stated that when they decided to agitate for a fair labour practice devoid of discrimination, the third respondent (People plus Management Service) allegedly terminated their appointments without notice, positing that they were sacked due to the restructuring within the bank.
The claimants contended that rather than being disengaged on ground of redundancy and be paid redundancy benefit in line with terms and conditions of service, the respondents allegedly terminated their employment through the incorporation and help of the third respondent.
The sacked Zenith Bank employees are therefore asking for a declaration of the court that their disengagement by the third respondent was illegal, invalid, null and void and of no effect of whatsoever.
Furthermore, they are seeking for a declaration that the purported transfer of their employment to the services of People plus Management Service was done under coercion and without their approval. The matter was adjourned till March 27 for trial.



source: http://businessworldng.com/web/articles/2292/1/N970m-Suit-Zenith-Bank-Loses-Bid-to-Stop-Trial-/Page1.html

Nigeria is lawless environment where everything goes...imagine we have traffic light in some developed area but no cctv to monitor offender , not to talk database of the car n the car owner...so how are you going prosecute such offender.our entire system is not in right state.

It is a welcome development. But the cbn need to sensitize the populace the more within the period.

@pakavy
Yes they give loan. It will interest you to know that it favor big contractors because if they give loan , the bank and coy is more or less like they are into partnership as the two agree on wht will be income.even if the coy run at lost, the two will share it.

Also, about saving account , you are not expected to collect month interest as your money will not be use for any biz, except with your consent.

Islamic bank , it is to give an alternative to conventional banks.

Sentiment apart! Islamic bank operates in different developed countries like Uk , america , malaysia etc.
Their mode of operation is based on Sharia law relating to bank/biz. They don't charge you any interest for collecting loan from them rather the two parties will agree on what be their interest , even if the biz run at lost, they share it with you.unlike normal banking whether at gain or loss they charged you a fixed interest.

Also they recruit both muslim and christian as staff...it is just that their banking policies are based on sharia law relating to banking.

So, it is a matter of choice if you like go for normal banking or islamic banking. But knw it islamic bank deals with everyone.

Thanks guys...you are appreciated

Good days ...kindly assist by giving details of the major roles of branch mgr of Mr Biggs as someone is giving me offer...talk of the time and money earn...I will appreciate if guys can help.

@op ..it is quite rediculous that you are exposing your family here...on this issue is not worthy to be over floored here...is a means of acceptance which I want you to see as a natural thng.blieve me ; if your husband is happy with you ; your marriage will fare well. Imagine this your hubby is american , if he ask you to change the name , won't you be happy to do that? Don't let anyone or small issue like this cost you your marriage.

The state of our natiion is going bad day by day, this contract job is everywhere, even in banking and oil sector. But the onus lies on NLC and the govt to make things rights.I can't see the reason while NLC/govt permit bad contract agreement.Naija we need to wake up and do something.

@OP..try and see his best side...at the stage it is normal. But be firm by giving adequate guadiance wheb need arise.