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Nairaland Forum / Nairaland / General / Career / Appointment Terminated Unjustly And The Staff Asked To Refund Salaries (22511 Views)
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Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by LUGBE: 8:02am On Oct 08, 2017 |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by Beowulf(m): 8:04am On Oct 08, 2017 |
ziddy: Please could you refer to the particular legislation of Nigerian law that requires the collaterisation of every loan? 1 Like |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by pedrilo: 8:05am On Oct 08, 2017 |
SweetJoystick:as a banker, this is the only valid point so far. |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by SweetJoystick(m): 8:08am On Oct 08, 2017 |
pedrilo:Lol I be ex banker |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by Ten06(m): 8:10am On Oct 08, 2017 |
It depends on the agreement she signed when taking the loan, if she sign to pay within the duration of 3 years the bank have no option than to wait until that time before they can finish collecting their money |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by ezteem(m): 8:11am On Oct 08, 2017 |
ddestiny145: She's definitely going to payback as most of these companies make you sign that you'll finish up loan even if you are laid of. Money can make people blindly take loans. 2 Likes |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by san316(m): 8:15am On Oct 08, 2017 |
It's possible that she was sacked for disciplinary issues. If it was a lay-off, they will deduct the outstanding balance from her entitlement. But how does the bank expect her to pay? From where? 1 Like |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by AntiWailer: 8:15am On Oct 08, 2017 |
SweetJoystick: I was about typing and i saw this. You are spot on. Thank you. |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by ttmacoy: 8:16am On Oct 08, 2017 |
The first thing she needs to do is read any documents she signed or the company policy on staff loans to ascertain what should happen if she is fired. If it was a loan she should have signed a contract which should spell out what should happen in such a situation. My expectation without having the details is the bank should allow her continue to pay the loan in instalments but I do not expect the bank to write off the loan even if she was fired. She still owes the money. ddestiny145: |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by AntiWailer: 8:16am On Oct 08, 2017 |
ezteem: They dnt have to. They will spoil her credit rating. |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by Nobody: 8:19am On Oct 08, 2017 |
ddestiny145: |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by AceVentura: 8:22am On Oct 08, 2017 |
@Poster, Please ask your sister what she did that made the Bank ask her to go. If she was relieved of her duties due to downsizing, the Bank usually clears any loans that she has with them. In my opinion, she was involved in something fishy thus her predicament. Tell her to be truthful before coming here to ask for help.... So says a "banker". 1 Like |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by Nobody: 8:22am On Oct 08, 2017 |
Your Sister should know what we call "Loan Recovery" and the Methods use. She don't have to worry that won't do a jerk to her. By next year it will be written off and they will only revisit it if she get employed again and her employers ask of reference from the bank. Hard luck to you. Sometimes that's the way the cookie crumbles. ddestiny145: |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by Naturelle05: 8:25am On Oct 08, 2017 |
ddestiny145:that's the problem with loan,people are always in a hurry to get a loan without asking question,question like this should be asked, no body can boast of having a job tomorrow except you are self employed or work for government, loan from organization won't stop them from sacking you at anytime. She has to go to the bank and have an agreement with them but trust me they won't forfeit it. 2 Likes |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by Xyzee: 8:28am On Oct 08, 2017 |
AceVentura: Not true! It is most likely Performance. That's not meeting her budget. A lot of Bank employees go for this reason. |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by Xyzee: 8:31am On Oct 08, 2017 |
Naturelle05: Getting a loan is the only advantage you enjoy working in a Bank. Get a loan and invest! Build a house, business etc. I bet you that's what you would have achieved. |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by XX01(f): 8:36am On Oct 08, 2017 |
Beowulf: I tire o. People will just be fabricating things and terming them facts. |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by aniyphil: 8:37am On Oct 08, 2017 |
ultron12345: Note that when a staff is disengaged by any organization . . .the organization should also be ready to write off the loan owed by the staff as he/she did not tender any resignation . . .the loan was meant to run for an agreed period and so cannot be paid back in one fell swoop or even in installments . . .how is he/she expected to pay back . . .he/she just lost a source of livelihood so how will you expect the loan to be paid back? |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by Beowulf(m): 8:42am On Oct 08, 2017 |
XX01: My sister, I am still waiting to be enlightened o. I am just giving him the benefit of the doubt. |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by onymodel(m): 8:49am On Oct 08, 2017 |
A lot of people do not understand the dynamics of banks and loans. 1. Ask her if she was outsourced or a full staff. 2. If she was the former, ask her if she got a letter of indemnity from her contracting company. 3.If the latter, who insured the loan. Insurance normally are the one to pay off the loan that's why 1% of the total amount is given to them and 2.8% for senior citizens. Better still let her whatsapp me 08137572574 let's talk more on this. |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by ipobarecriminals: 8:49am On Oct 08, 2017 |
there's nothing any lawyer can do to help ur sister.Ask her what she use the loan for?If not for one clothes,undies,shoes,owambes Aso ebi etc.Most of these pipu live a fake lifestyle.They eat what a BDO,BM never eat.If Tolu buy iphone,the giraffe neck among them too must buy.They never use the loan to buy land/do biz but just waste it.Ur sister is probably one of those contract staff.Look here,there's nothing anybody can do to help her,she must pay the money back sam sam.Abi dey forced her for the loan? 1 Like |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by Beowulf(m): 8:50am On Oct 08, 2017 |
AceVentura: With all due respect, the bit in bold could not be further from the truth! No bank in Nigeria will ever or has ever done that. When the bank sacks you, they crash your loan into your account and soak up every credit there. If there's nothing, it throws your account into debit! In fact, in some cases you will see a credit alert for your salary for that month enter your account immediately followed by a debit alert for the same amount for the loan repayment. I think it's also presumptuous to think his sister was involved in something shady. I know many friends "tsunamied" from banks for no reason. A friend went on maternity leave, came back and on the first day was sacked! She couldn't log into her system and IT told her to speak with HR. 2 Likes |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by GratefulHeart23(f): 8:55am On Oct 08, 2017 |
SweetJoystick: She can sue them for that. Most Banks would consider restructuring from Staff loan to commercial loan or go after 'naive' guarantors due to the uncertainty of the loan recovery duration. In this era of MicroRate Client Protection palaver, recovering this type of loan can take like forever coz as a Bank, you can't force a client to repay a loan when he/she has no means of sustenance let alone repayment. As a Bank, all you can do is either wait till he/she secure a means of likelihood and agree on an instalment which might take like forever in this present economy or try your luck by going after her guarantors. Mind you, a learned guarantor won't make such repayments coz the default isn't voluntary on the part of the client. Events of job loss, death, fire outbreak, flood and other natural disasters are not usually included in the guarantee form, insurance and restructuring do take care of such. Repayment by restructuring do take long. Ideally, you only have the right to blacklist such clients on Credit Bureau if there are evidence that you have contacted the client and yet he/she refused to pay after securing a means of livelihood. In a contry like Nigeria, this loan is as good as a write off, repayment might never come back. I smell termination due to fraud or flaunting any of the contractual terms here anyway coz if the job loss is due to downsizing, the person involved won't be compelled to pay. |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by Nobody: 8:59am On Oct 08, 2017 |
Beowulf: bofia 2004 |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by aviationguy: 8:59am On Oct 08, 2017 |
it's depends on the loan agreement,beside to refund loan after termination is not likely possible but they can deduct the loan from her terminal benefit or pensions. The bank can terminate her appointment if it's feels her services is no longer required in the bank,irrespective of her loan been repayment. but I will advise she discuss with the H. R manager for proper settlement of the loan repayment. |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by pat1612(m): 9:17am On Oct 08, 2017 |
shurley22:Is time to learn then how to manage if same thing happen I am here to learn |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by ERICOPLC(m): 9:18am On Oct 08, 2017 |
It is a two way thing. If your sister is dismissed she will not pay back, as she goes home with nothing. But that means she may not be gainfully employed by any government or an established private company anymore. If her job was terminated, the loan balance will be deducted from her terminal benefit. If she is on contract/temporary appointment, the appointment letter would have spell out what will happened in this type of case. But this defer from company to company as industrial practice. |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by shurley22(f): 9:22am On Oct 08, 2017 |
pat1612: Yeaa sure |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by MrBigiman: 9:32am On Oct 08, 2017 |
U and ur sister want to leave a company without paying ur debt. Probably ur sister took d loan because she knew she'll be kicked out, and wanted something dat will stop d company from sacking her. If u underperform u'll be sacked loan or no loan. Better find a way to pay ur loan. Rubbish! |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by 400billionman: 9:36am On Oct 08, 2017 |
Guitarlife: Oyibo. Bekee.. |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by aalex1: 9:50am On Oct 08, 2017 |
ddestiny145:What should the share holders and depositors do since it is their funds that were used to grant the loan. Did she collect the loan to secure her employment? as u said she had no intention to leave. She should have known that job security in banks is not assured before she took the loan....hope she invested the money well that she can use proceeds to repay and not that she used it to buy accessories to slay and pepper them.. 1 Like |
Re: Appointment Terminated Unjustly And The Staff Asked To Refund Salaries by ipobarecriminals: 9:52am On Oct 08, 2017 |
GratefulHeart23:"sew" them on top of another customers money abi?Dey forced the loan on her/she asked for it?Dey there dey speak grammar.I'm in that system too,so i knw watsap. |
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