₦airaland Forum

blueseacats:
Imagine, I thought they went to school?

I thought so too.

Nigerian

If all this jobs are bad, then that means there is no good job except civil service.
Not true.

IyaIode:
Some sharp guys probably kept this money without the knowledge of management, hoping that someday everybody will forget about it.

Can you keep 1 billion without management knowledge? Not to talk of NNPC money. It was a time bomb waiting to explode. The result is 5% charge. Not a good idea.

IyaIode:
Some sharp guys probably kept this money without the knowledge of management, hoping that someday everybody will forget about it.

Can you keep 1 billion without mana

Kk

Wow!

Wema Bank has laxity.
That person is not intelligent enough to get a job as an experienced hand. The bank that employed did not go for only the best at the interview stage, and 2 years is too long for them to verify those details considering that all the false information including LASU results, former bank and Nysc are all in Lagos and not from a far away state like Borno state.

ikbnice:
hw can he successful forge all these certificates and he did his work for 2years. He's got a talent or he has partners.

That's 419.

Isaiah chapter 4 ends in verse 6.

Smeeky:
Abeg which kind bible una dey use
Isaiah 4 no get verse 19...

Activa:
CBN does not fix the interest rate on fixed deposit for banks. It only sets the MPR and banks take a cue from there.

How do you 'monitor' your fixed deposit accounts?

Were you at the branch or the head office when the news came?

Now to other issues.

Given the current inflation rate of over 9%, the rates you've quoted aren't possible. If those rates happen with the inflation rate like that, the 'savings' side of the income equation will collapse.

If everybody spends his money what do u think to the bank's ability to lend?

Conclusion: the story you've written here appears fake.

I agree with you Activa. My was maintained at the last Banker's Committee meeting at 13% meaning interest on saving which is 30% of more is 3.9%. For all banks that is the minimum. So fixed deposit should go for above 4% to 10%. 4% is ridiculously low. The op bank may be distressed. Please name the bank and this would be a malicious and dangerous rumor if the info is not true.
Thanks

I don't know if any bank would give you a loan up to your severance package. But I know my bank won't.

lastpage:
I agree with you but l think the loan is being restricted to Middle/top level Mgt ... which is very unfair!

What l am saying is this: There will be situations where a Bank wants to retrench workers.
Let say one of these workers have spent three years and his/her severance package is worth #1mill but he has taken a loan of #3Mil
The best they can do is to hold-on to his severance package but since they are the ones letting him go, where would they get the remaining 2Mill?
In such situations (and l have seen a few), the bank will postpone that staff for "future" retrenchment knowing that they would suffer a 'huge' loss if they include that staff in the exercise or write it off. They have to make a choice, its their move.
.... except in case of gross 'criminal' misbehaviour in which case the staff can be open to criminal prosecutions.



Lastpage!

@ dkby, and musco4me, easier said than done.
I can relate with musco4me, because when you change hands frequently, get ready to pay the attendant shortages on the machines.
Caveat emptor.
A word is enough for the wise.

dkby:
@Musco4me, From your complain I can guess your bank, if you have 5 Atms to manage, I think you should have an Atm support staff to assist, and for weekend duty, you should have a weekend roaster where all core staff are suppose to rotate duty. Moreso as an Atm custodian you are expected to rotate that role after 6 months, where rotation is not practice, write your H..D for clarification. My2Cents.

Musco4me, you nailed it.

musco4me:
Am a banker but i hate banking work so much. U cant even have time for urself and ur family. I never wanted to be a banker but unemployment pushed me to banking because i needed to survive. Am still thinking of other biz i will engage myself in and also lookn for a non banking job. Within the 2 and half years in bankn, i hv worked as funds transfer officer, customer service officer, headteller/Atm custodian. Keeping watch over the atm is the most stressful thing u can do if ur bank is a leading bank in nigeria and if ur branch has 3 to 6 atms that need serious attention due to so much traffics on them. I leave my house b4 6.30am so that i attend to atms and put them in order b4 8am wen monitoring starts. I still go home late cos u still have to wait till 6pm wen monitoring ends. Banking is not a job ooooooo. No weekend for u, no public holidays, u just work! Work! Work! I hate bankn and planning to quit very soon.

Diepreye Solomon Peter Alamiesiegha

xreal:
I don't wish him dead oo.

I hope this news is false.

BTW, which one be DSP? him na police?

if na police, I don swallow my words oooo, he fit die if na police .

The department that is not into marketing like customer service, cash and tellering etc.

saxywale:
i hope someone can answer this question. What department is operations in a bank? Nigerian trained bankers use that word alot. I worked in retail banking, then regulatory risk department in a bank not in Nigeria before returning back to engineering.

A down to earth analysis. Truth being told. And the customers don't care that there is only one Customer service staff one teller 4 Atms one marketer in the bank . They complain about slowness and other issues and don't realise that the staff are over stressed, poorly renumerated, understaffed. And sometimes not promoted for as much as 10 years. And they expect magic just like the employers.
God help us.

MAYOWAAK:
These days, I am always saddened when I go into any banking hall in Nigeria. The environment is often depressing. Maybe it’s that desperate look on the faces of the staff, that tells you they’ve been barraged insulted this morning, threatened that their jobs could disappear at any moment. The culture has always been that the board asks the MD to perform the impossible, all they are interested in is the huge profits. The MD equally unleashes terror on his EDs and GMs. It’s like nuclear energy. You know, the atomic bomb. It starts small, but by the time it rolls down the rank and file, it picks up velocity, meanness and wickedness. This culture is what drives many a ‘bank worker’ to hate the system so much, they too start thinking of defrauding the banks. By the time the hateful energy reaches the guy on the shop floor, he just can’t take it anymore. It also drives them to make mistakes in their duties, apart from taking their dignity away.

The marketing guys bear the brunt. These days, many banks have employed marketers based strictly on commission. Some earn just N30,000 (less than $200) a month, if they don’t manage to open new accounts. Marketing cars? Where you see am? I see them sometimes trekking long distances after leaving my office. It’s depressing. Banking is far from what it used to be. In my first exposure to being a relationship officer, in 1997, I was allocated about 14 accounts, and told to grow the business on them. I was given a bit of pressure to open new good relationships. But today, the management of banks no longer care about relationships. They give instructions to their staff to go open 10,000 accounts each. Let me give them a feedback right here right now; it is damaging to your business, to the psychology of your staff, to how we the customers view you, and to the banking profession at large. It just does not make sense. How on earth is anyone going to manage 10,000 accounts? Not even 1,000. Not even 100.

What happened to banking? Most of the problem came from the executives, past and present. Nigerian banks are commercial banks. But they want to roll like the investment banks of Canary Wharf or Wall Street. Only better. They want to earn – at the top levels – better than those guys. They can even do personal deals that the Wall Street bankers would get jailed for. They live large, become high rollers. Some get courted by the government, given awards and appointed into all sorts of committees. This creates antagonism between the banks and the customers. The regulator steps in, determines the excesses of the banks, and rolls out the sanctions.

Unfortunately, it is the rank and file who suffers. The first to get wasted are those junior people. They are the first whose careers are stalled. In the days when the current executives were climbing the ladder, they knew they had a career. But today, careers are finished. What you get when you walk into a banking hall, apart from empty cubicles where they had planned to have human beings dispensing cash until e-Banking came along, are those sad eyes that I hate to look into. It’s not as if it’s easy for those of us outside, but it depresses one to see those faces, and oftentimes, to be told by them in hushed tones just how desperate things are, as they slip their CVs into your palms or obtain your email for the same purpose.

And then we all form the mob and rain down on the banks. Every customer is sure that they are overcharging his/her account even if there is no evidence. No one wants N1.00 to be taken as charges for anything. Some banks used to pay you for withdrawing money from your account. When I see the fees they take for sundry services, I wonder how they survive. For me, the issue is not generator and diesel. As standard businesses, with loads of staff to pay, you have to generate some good income. Nigerians say the banks should face their core business of lending. But we forget that even we Nigerians are very bad debtors. See what we had to move to AMCON, bailouts for many of our big men, many of whom hold national awards! The nation as a whole had to pay. For normal customers, 70% - 80% of the loans go bad. You give a loan and the man thinks it is just cash flow by any means. He decides to re-bury his grandmother who died 25 years ago! He pays tithes of 10% to his church because his pastor told him “you have to pay on every cash flow so that ‘Gaaad’ blesses the rest!!”

But I urge that we have a rethink about the way we have been raining down on our banks. They are shrinking. Their businesses are shrinking. Even their staff are shrinking in size. No, it’s not the gym. It’s the stress and bad cash flow. It’s the sanctions they receive from their bosses who are mostly at their wit’s end. It’s the psychological trauma of being cursed at every meeting for not meeting ‘targets’. It’s the trauma of being employed as an internal control officer, an internal auditor, only to be asked to go and meet your family and raise N200million in new accounts. It’s the apparent failure of the current banking business model. The problem is; can we imagine how the ideal situation will look like? Certainly, the executives have to reduce their expectations. They probably have to earn less because the cash flows will not sustain the expectations of the past. But those at the lower echelon need protection from the regulators and the rest of us. They need a proper return to the days when they could be happy that they have careers. The exuberance of the Soludo days – when branches were opened everywhere at huge costs – are since over. The illusions have disappeared. The industry has shaken out. Many have been laid off. But we should not stand aside as the industry shrinks to death. Indeed we should not bring out our own machetes and inflict more blows as part of the lynchmob.

I hope the banks find their mojos back. A lot of them are just marking time. The days of innocence are gone. Even we the people will not be happy with the picture when it all comes tumbling down. It’s also about the disappearance of the middle class. The only ‘safe’ industry in Nigeria is oil and gas. Telecoms has shaken out too; is still shaking out. Let’s have some mercy for our banks and bankers please. Believe it or not, they need it.

BY:TOPE FASUA

Nice this is reality.

Imagine spending 5 years or more in a bank and you can't boast of having a million in account despite being employed as a graduate. And every one calls you banker?
It's a funny world. They even label you stingy, that may be you are building a house in your home town. Without realising that there is no investment anywhere.
Lol

Zico5:
Working in the bank is an advance slavery. I worked in the bank for 5 solid years before I was booted out. I lived at Abule egba, joining staff bus at 5:30 everyday and I worked at VI. I at times got home around 11:30pm everyday. It was when I was sacked that I realized that I was living another man's life. I looked at the reward but could not see any. The only gain was the tag former banker. For almost 6 months I couldn't reason on next agenda. But thank God that my eyes was opened to the need and I filled it. I studied statistics and mathematics, I used the privilege to start a tutorial class in my vicinity and today, it is growing from strength to strength. I looked back and tell myself now that working for urself is the best way to realized one's potential. Most important, I have time to think on my own and plan my family.

You said it all

Denn:
The moment a bank expects young grads to get in funds at any cost, integrity and professionalism is sacrificed.

The most promoted bankers are not the best bankers....they are people who can meet set targets.

Overtime, we get people who can just bring in deposits or roll over term loans in higher positions. The real professionals are frustrated out.

Banking is more than just getting in deposits or booking loans.

That is why we have a lot of bad loans in the system. The real intelligent bankers have been frustrated out. Cowboys now reign supreme.

I look at some products developed by banks and can only laugh. Where is the innovation?

I attend MPRs and listen to the jumbles being read by the unit heads. Deposits....deposits....deposits....

Some jackal will even abuse parents of low deposit scavengers.

A paradigm shift is required. Focus should be on profit via professional service and not on vacuuming all the deposits in the country just to play at the interbank market.

What is zenith bank doing to help the SMEs for example. How many dark skinned girls do you see in Zenith Bank? Is banking excellence dependent on your skin colour and skirt lenght? Must I look sexy to be a banker ?

What is diamond bank doing to reduce the enormous visa credit card bad debts booked from relentless 'marketing'. Did they not learn from ecobank's mistake using the same template?

Why is Stanbic focused on temporary makeshift branches with very few relationship officers? Relationship is key and should constitute the main workforce....not expatriates in the head office.

Why should a banker earn 25k monthly. Should he even be a temporary staff? A bank thrives on fiduciary relationships. At least your worker must trust that he will have his job permanently. Else, he uses your internet access to search for job. DSA my foot

The whole cauldron of ineffective 'marketing' must be thrown away and new processes must be adopted.

Jeromejnr:
The whole world has gone nuts

The responses here shows this. Nobody cares. it's a shame.

mercylicious:
She could be a branch mgr of a cash centre
The cash centre will be also attached to another branch.

Branch manager, as in marketing, or operations?
It's a big risk whichever way.

Ymodulus:
Mr man, you claim Sahara Reporters is biased, now daily Mail. Please give me your own neutral news house.

This has nothing to do with Mandela. Also using one of their past to judge their future is wrong. They may have reasons and facts for calling Mandela a terrorist.

They may have reasons and facts for calling Mandela a terrorist.

Smh for some people. You just spoilt any points or sense you were making.

Well the University has it's licence approved by NUC so work can restart.

Whatever happened to 234next.com

[quote author=BRIMHOME ppost=32279433]Ok[/quote
The day I dropped my resignation my billionaire boss tried to talk me into staying till the end of the month. But I clearly explained that I would be leaving by the end of the week ]
He couldn't persuade me and said okay. I interviewed a lot of people for the firm. One finally succeeded. For the next 2 years no one could do the job I Did. A lot of staff came in and left within months.

OrangeDream:
Dis bankers will find dia suit unusually uncomfortable in d comin weeks to com.. Heat evrywhere.. lol.. God go help una o.. One of my banker frend dat left d party som tyms ago said, pple tink u are a big boy wen u work in a bank?? But dey don't know dat, dats where poverty starts.. lol

You can say that again. That's where poverty starts.

kenmaro:
I have also been a victim too. My client withdrew over a million naira in the banking hall of UBA bank in Lagos to pay me. All the note(1000naira notes) bundles were sealed in a nylon pack. Only for me to discover a counterfeit perforated note in one of the packs while depositing the money in another bank. I took d note back to UBA but was surprisingly denied by the bank teller. Most Nigerian bank officials are criminally minded and suspicious. Always reconfirm your cash before u leave their presence no matter how large d amount even if it will take some extra time. Change we seek in Nigeria is not only in the govt and political sector, all of us, Nigerians, need a comphrensive individual change. Including all foreigners domicile in Nigeria.

The money you got sealed in nylon pack was likely from CBN.

afanide:
What do u mean by NO EVIDENCE?

The withdrawer he made has a record of the amount, Time, Denomination, and possibly number written on each note.


If they dont co-operate, get a charge and bail Lawyer and he will win the case for u.

Just like that?

chidooh1:
You allowed your ears to hear and accept nonsense from them. It happened to me in lagos, we discovered a day after and rushed back to Eko bank, u need to see what happened, everybody was begging us including their security men we threatened the brand manager to the extent that he took us to his office with serious begging. The one thousand note was replaced and we ordered him to distroy the counterfeit which he did immediately. We took over the bank, all operations stopped they begged and told us not to tell outsiders. It took only two of us to achieve that, don't fear arrange ur friends and embark on a serious mission there. That branch is aware of that, that's what they do they collaborate with fraudsters to help sale counterfeit for them.

Don't try that on a bad day.

inikamoze:
Punctuation marks are FREE. Bros pls use them...

The manager that gave you 2k was for which bank? UBA Or First?

Kirinwa:
Sue Ecobank for fraud. Contact me. Its a good case. What people don't know is there's a cctv in every ATM.

You think there is a CCTV in every ATM?

pasino26:
Bros no way, am suing them the idiots. Am good o, na una work carry me enter Omoku.

In all I did record my conversation with them inside the bank. The way they were sending me from one desk to another. The response was anticipated, just getting ready to make them pay wella. I told the manager to get the footage from the cctv in the atm ready. Am just laughing in Swahili.



No worry, in court it's all bout facts. They will have to disprove me and three other witnesses I have their contact with that footage. Funny I waved it in front of the camera. My lawyer friend got #700k for cockroach inside a coke bottle for his younger brother outside court talk more of when I've #1000 counterfeit from a bank.

You think the camera is a CCTV?