₦airaland Forum

naijaboy756:
Just read that Fidelity Bank has refunded $198M to the Nigerian Government. Where was internal audit and internal control when these funds where been moved? Rubbish!!! All you see in the banks is the harrassment and intimidation of lowe cadre staff by internal control of banks while the MD's and ED's move and steal billions. So where is the integrity they make soo much about? They should stop making noise joor!

Fidelity Bank Plc, we are fidelity, we keep our word by stealing billions of dollars.

Dont mind dem....

Intergrity my ass...

Just sounds like Buahris corruption stuff...

Lmao! That's life for you (especially in Nigeria)

Steal 1000 naira and u labelled as a thief and you could be beaten to death or burnt with tyres.

Steal 1Billion naira and it won't be called stealing but Fraud, Mismanagement of Fund or Embezzlement. Na dat Mismanagement of fund dey vex me pass. Someone that doesn't know what's up might just have the impression that you were not a good manager of funds.

Check out the people that have stolen Millions and Billions in this country, they move freely without any stigma.

I hear people say they can't steal cos they have a name to protect. That applies only when you still small money. Try and steal something huge you'll see the fame you'll have.

If Tafa Balogun's Son or daughter wants to marry in Nigeria today, He/she will marry from a good family without anyone saying the family name has been dragged in mud.

Welcome to Nigeria! Tho it might be same in many other countries.

Leks:
The internal auditor will at best report the anomaly to the board audit committee. And so? If the board members are already aware, what else do you want the internal auditor to do? Remember they are employees too. Blow the whistle to CBN or EFCC?

Thank you for telling those who think internal audit /auditor will be a God. Blow the whistle and blow your salary. Who will do that?

Just asking >

steppin:
A thread for Nairaland bankers to whine. Work hard, maybe you go reach MD level to steal like they do.

Imagine your low mentality.

naijaboy756:
Just read that Fidelity Bank has refunded $198M to the Nigerian Government. Where was internal audit and internal control when these funds where been moved? Rubbish!!! All you see in the banks is the harrassment and intimidation of lowe cadre staff by internal control of banks while the MD's and ED's move and steal billions. So where is the integrity they make soo much about? They should stop making noise joor!

Like a colleague of mine used to say, Management preach and scream integrity, yet they have none of it.

It's a case of double standard. .. Do as I say and not as I do.

naijaboy756:
abi!!!

naso

SmithHumble50:
Dont mind dem....

Intergrity my ass...

Just sounds like Buahris corruption stuff...

lol

Lol, there is no truthful person in the banking industry

Integrity in Nigerian banks is a figment of our imagination.

naijaboy756:
Just read that Fidelity Bank has refunded $198M to the Nigerian Government. Where was internal audit and internal control when these funds where been moved? Rubbish!!! All you see in the banks is the harrassment and intimidation of lowe cadre staff by internal control of banks while the MD's and ED's move and steal billions. So where is the integrity they make soo much about? They should stop making noise joor!

You have to understand the Nigerian Banking system and the rots involved. These banks maintain dual accounting system method whereby, they have internal records that the directors keep, they have records that will be presented to the Apex Bank whenever there is external auditing of these banks. Note that these external auditors,do compromise whenever fraud is been dictated within the system, likewise internal auditors hence it is very hard to blow up the fraud to the open.

These banks also do have dual records for their foreign correspondent banks. The one they present to the Apex Bank auditors during inspection and their own internal records whereby they keep their secret external transactions.

Unless thorough forensic experts are been used to look into their records, it will be extremely very hard to dictate the monumental fraud within the banking sector.

ikukuhero:
Imagine your low mentality.

What's low in his mentality ?

I hate hypocrites!

So many funny and ignorant comments on this thread

naijaboy756:
Just read that Fidelity Bank has refunded $198M to the Nigerian Government. Where was internal audit and internal control when these funds where been moved? Rubbish!!! All you see in the banks is the harrassment and intimidation of lowe cadre staff by internal control of banks while the MD's and ED's move and steal billions. So where is the integrity they make soo much about? They should stop making noise joor!

I think you post should be centred around poor corporate governance in Banks and honestly, in Corporate Nigeria. I was shocked to hear that the MD of Fidelity Bank was reinstated after he was released previously and this was after a public announcement made by the Bank installing an acting MD. How about Access Bank, First Bank and Sterling Bank that were caught up in the mix too.

The MDs' of these Banks should have been removed regardless of whether the Board of Directors were aware of the transactions. CBN should sanction the removal. However, the CBN governor is also the Chief Implementator of the shenanigans.

external auditors too need to be held accountable

SmileXtraone:
If you reside in Benin City, this is the best time to get on the SMILE 4G LTE Network. Come on board Now while this promo lasts

1. Atel Kit with 20GB @ N9,800 (5GB anytime + 15GB MidNite over 3 months) : 15GB MidNite = Get 5GB bonus monthly when you recharge 5GB anytime bundle monthly.

2. Smifi kit with 70GB @ N16,800 (10GB anytime + 60GB MidNite over 3 months) : 60GB MidNite = Get 20GB bonus monthly when you recharge 5GB anytime bundle monthly.

3. Router offer with 160GB @ N25,800 (10GB anytime + 150GB MidNite over 3 months) : 150GB MidNite = Get 50GB bonus monthly when you recharge 10GB anytime bundle monthly.

why you no put the picture of the fat fake new device that goes for 9800.

whine all you want.....
You just wish you can also be a control or audit person too....
if you have problems declaring an overage in the cash transactions you handle, then just resign cos you arent fit for the banking sector..case closed..

LuckyLadolce:
Control officers (auditors) are management's slaves.. They do their (management) bidings. Very silly set of nincompoops. All they know is to add 1k to your cash, and if by mistake or whatever means that 1k gets missing, they will tage you "you have intergity issue". You need to know how profit is being shared in banking sector.. Those people at the top are devils. Bastards!

naijaboy756:
Just read that Fidelity Bank has refunded $198M to the Nigerian Government. Where was internal audit and internal control when these funds where been moved? Rubbish!!! All you see in the banks is the harrassment and intimidation of lowe cadre staff by internal control of banks while the MD's and ED's move and steal billions. So where is the integrity they make soo much about? They should stop making noise joor!

my guy, this is d type of bulllshitt we face in this patchwork of a country, d dull head illiterate political class using d supposedly brilliant n smart financial gurus to steal money.

laginks:
whine all you want.....
You just wish you can also be a control or audit person too....
if you have problems declaring an overage in the cash transactions you handle, then just resign cos you arent fit for the banking sector..case closed..

ideally that's how it is meant to be. But if from the head, they don't keep the rules, why punish the tail that doesn't keep to the same rules?

hhhhhm 9ja banks and mago mago Mc charge Debit alert charge Mc maintainces fee Fx maintance charge Fx advance monthly fee

steppin:
A thread for Nairaland bankers to whine. Work hard, maybe you go reach MD level to steal like they do.

Haha

No mind all the counter staff..

steppin:
A thread for Nairaland bankers to whine. Work hard, maybe you go reach MD level to steal like they do.

steppin:
A thread for Nairaland bankers to whine. Work hard, maybe you go reach MD level to steal like they do.

Them tell u say top positions no just by hard work? Most peeps work hard than the MD self but still they are stagnant. Most rich thieves cajole fools that is the reward for their hard work they are reaping, they are smart ass. They work smart and not work hard. When u apply wisdom u surpass those that work tirelessly n hard in no time. Dem no be d same ooo. These mofo steal with pen, brain etc. While those that work hard do it with strength, interest and devote and dedicate their time and yet nothing to show. No be by strength o.

steppin:
A thread for Nairaland bankers to whine. Work hard, maybe you go reach MD level to steal like they do.

The trouble witn Nigeria. Yet some ignorant losers liked this retrogressive viewpoint already.

steppin:
A thread for Nairaland bankers to whine. Work hard, maybe you go reach MD level to steal like they do.

Thumbs down 4 u

banks in nigeria profits mainly from crime eg moneylaundering and there is a nigerian bank who prefers to pay fines for moneylaundering rather than desist from it.

Pls tell them

Pyno30:
For the passed Three days now over 5000 bank workers have turned into jobless added to the millions of jobless Nigerians by Banks

pls which bank is that?

majekdom2:
why you no put the picture of the fat fake new device that goes for 9800.

Bros that device no too bad na, provided you are connected to the SMILE 4G LTE netork. The speed and quality of service is what matters. Abeg come join us for smile oo.

egobetatoday:
pls which bank is that?

Ecobank. UBA. Diamond.

SmileXtraone:
Bros that device no too bad na, provided you are connected to the SMILE 4G LTE netork. The speed and quality of service is what matters. Abeg come join us for smile oo.

so you know it is fake . device matters too . that device cannot be passworded. it should be taken off the market. its not just about the service, the product matters too. I have the real one , wanted to get another and was offered the fat ugly fake modem. show this to your supervisor because the competition is real . btw,have you seen how beautiful spectranet modems are.