Posted by 9jabook.com on January 19, 2010 at 7:00am
Introduction by Abi John Balogun (weboga) & Paul Adams
How many Bankers OR very well paid Bank Workers you know that have been sacked ?
A banker is the guy that knows about banking ,The fellows that actually know what Profit & loss and Risk and Depositors funds as
relating to interest means .A banker is not the guy that drives the MD to work or the guy that makes certain the MD hasa nice time on weekends and trips abroad ? Just because you wear a tie to work does not make
you a banker .A banker is not the Guy that seats in the Tellers seat and takes a cheque from you and gives you back cash.O
yes he may look real important but He aint no Banker ! or even the Nice lady that makes everyone queue up and still manages to get us to smile on cue whilst
we wait for the sweet voice to say "Cashier numer X" ,That is a customer Service Representative that works in a Bank !
So why are the Bank Workers getting sacked instead of the Bankers !
Or does'nt the CBN have the right to put a stop to these Layoffs ? The Sacked bank MDs/CEOs can live on their stolen funds
that the EFCC will never ever know about for their next Ten Lifetimes !
Cecilia Ibru is one of the Ibrus for crying out loud ! That Family is loaded ! Oceanic Bank is just a drop in the ocean of
their Investments .
Sanusi I believe has done some good but he has also done some HARM ! great harm in the final de terracing of the common man
working in the Bank !
How many of the layabout CEOs,Regional Managers and other Managers that are looked upon as Demi Gods in the Banking industry
have been sacked ? Who recommends the sack ? what is the criteria ?
Is Bad Belly involved or Sexual harassment and all the Targets every banker is made to cough out monthly used ? Or are they
sacking the lowly paid staff in large numbers so that they can keep earning their arm robber salaries !
Why not Publish the names and positions of these people sacked so we can see the cadre and functionality they have been
rendering to their respective banks .
The ground always suffers when Elephants are fighting ! The Bankers that engaged in unethical practices that put the Nation
in this quagmire should be fished out and Sold into depositors funds slavery and made to work back their lossess ! What is a
risk management Consultant and you earn a minimum of 2.5million Naira a month as salary .Yet you keep risking and losing
money ! IT is like they have all these degrees,appelations and certifications for NOTHING !
Sanusi let it be on your head the families that will bear the brunt of these layoffs because solving one problem and creating
another will not absolve you .
The monies and properties recovered from these hoodlums in Corporate Suits should be used to subsidise bank workers that
have been sacked .There must be some amelioration of some sort or else what are they to do until they "find" Jobs in the
already saturated market ! ! !
Sanusi, We await your solutions,Looks like although Soludo had no solutions he at least did not put "San san" inside bank
workers garri. Impress us once more as we no longer hear your voice anymore abi you are holding baba go slows hand in
saudi or wherever you people are keeping him .
Main Article by Next media
While our nation’s circus show of shame went on in Abuja and Jeddah last week, another issue of relevance was playing out in
the banking industry. And this was the aftermath of Central Bank governor Lamido Sanusi’s reforms of the banking sector.
Sanusi’s hurricane might have swept through the banking sector, mowing down banks’ chief executives and directors, however,
the real casualties are beginning to show, and they are the over 8,000 men and women bearing the brunt of the reforms through
job loss. Oceanic Bank, Bank PHB Plc, UBA Plc, First Bank, GTB are laying off workers in response to the fall out from the
reforms.
It is, on the surface, easy ascribe the retrenchments in the banks on the Sanusi tsunami that took off in the middle of 2009,
but the sacking of chief executives and directors was not the immediate cause. Long before the Sanusi putsch many senior
bankers made quick money from brisk business in the confines of their offices and lived flamboyant lives comparable to those
of celebrities of the entertainment world. Soon, it became clear that despite being a private-sector driven industry the
principal actors in the banking business had abandoned all pretence at corporate governance and fiscal accountability, toying
with depositors’ money by giving out questionable loans, managing a bloated workforce, doctoring their books to impress the
public, and opening unserviceable branches. The result was an over-staffed industry, incurring huge salary bills every month,
operational liabilities and losses in excess of N100 billion.
In the light of all this, it is not inappropriate to view rationalisation of staff as an expected consequence, if banks are
to rightly address this anomaly.
The sacked workers are not employees of CBN in the first place and to disabuse the minds of critics that it did not order the
retrenchments, the CBN issued a release stating, “... the Central Bank of Nigeria has never directed commercial banks to sack
staff or rationalise branches as reported. Banks are private enterprises and the decision to engage or disengage staff is
best left to the managements and boards of the institutions. These decisions are taken on the basis of business imperatives”.
Nonetheless, our sympathy goes to the affected workers, many of whom are young people either just beginning to live life on
their own or raising a family.
Given the state of the nation’s economy, losing a well paying job in the bank is a predicament that many people will not take
lightly. It is frustrating and depressing.
What is being experienced in the industry now should serve as a lesson for future operations, and a pointer to the need for
vigilance in monitoring and regulating the banking sector, to guard against the ugly practices that have become the norm in
the industry. Chief amongst these are the questionable employment conditions of service for staff, characterised by the
practice of ‘casualisation’ of workers and the abuse of female bank staff. Reports are rife to the effect that many banks,
rather than properly recruit workers, resort to a cost-saving ad hoc arrangement of periodic hiring and dismissal. This is a
practice that devalues the profession and contributes to the lowering of ethical standards of practice. In the same vein,
female bank workers are faced with employment conditions that compromise their future plans.
Oftentimes, their brief includes unrealistic targets that open them to unethical and immoral practices that compromise their
dignity. We view these developments as part of the general corruption that compromised the banking sector where the rot
started from the top.
We urge the managements of our banks to exhaustively explore all avenues to ensure that the rationalisation is reduced to a
barest minimum. One way to do this would be for the banks to reduce staff salaries, especially at senior levels. Some
unjustifiable allowances of management staff would very easily pay the wages of significant numbers of persons further down
the corporate ladder.
Advertising, branding and sponsorship budgets, which ballooned irresponsibly during the consolidation era, as banks struggled
to rebrand and reposition themselves within and beyond the country, should be curtailed, and the savings therefrom used to
save jobs.
We cannot afford to send such a huge number of educated and experienced persons into the job market. Before now, the virtual
collapse of entire industries, like textiles and tyre manufacturing, rendered thousands of people jobless. We have to take
every step possible to ensure that the banking industry does not complicate an already serious unemployment crisis. The cost
of doing this will be nothing compared to the price we will have to pay for the alternative: flooding our streets with
jobless professionals who are as desperate as they are savvy.
Read more…
Posted by 9jabook.com on January 19, 2010 at 7:19am
Introduction by Abi John Balogun (weboga) & Paul Adams
How many Bankers OR very well paid Bank Workers you know that have been sacked ?
A banker is the guy that knows about banking ,The fellows that actually know what Profit & loss and Risk and Depositors funds as
relating to interest means .A banker is not the guy that drives the MD to work or the guy that makes certain the MD hasa nice time on weekends and trips abroad ? Just because you wear a tie to work does not make
you a banker .A banker is not the Guy that seats in the Tellers seat and takes a cheque from you and gives you back cash.O
yes he may look real important but He aint no Banker ! or even the Nice lady that makes everyone queue up and still manages to get us to smile on cue whilst
we wait for the sweet voice to say "Cashier numer X" ,That is a customer Service Representative that works in a Bank !
So why are the Bank Workers getting sacked instead of the Bankers !
Or does'nt the CBN have the right to put a stop to these Layoffs ? The Sacked bank MDs/CEOs can live on their stolen funds
that the EFCC will never ever know about for their next Ten Lifetimes !
Cecilia Ibru is one of the Ibrus for crying out loud ! That Family is loaded ! Oceanic Bank is just a drop in the ocean of
their Investments .
Sanusi I believe has done some good but he has also done some HARM ! great harm in the final de terracing of the common man
working in the Bank !
How many of the layabout CEOs,Regional Managers and other Managers that are looked upon as Demi Gods in the Banking industry
have been sacked ? Who recommends the sack ? what is the criteria ?
Is Bad Belly involved or Sexual harassment and all the Targets every banker is made to cough out monthly used ? Or are they
sacking the lowly paid staff in large numbers so that they can keep earning their arm robber salaries !
Why not Publish the names and positions of these people sacked so we can see the cadre and functionality they have been
rendering to their respective banks .
The ground always suffers when Elephants are fighting ! The Bankers that engaged in unethical practices that put the Nation
in this quagmire should be fished out and Sold into depositors funds slavery and made to work back their lossess ! What is a
risk management Consultant and you earn a minimum of 2.5million Naira a month as salary .Yet you keep risking and losing
money ! IT is like they have all these degrees,appelations and certifications for NOTHING !
Sanusi let it be on your head the families that will bear the brunt of these layoffs because solving one problem and creating
another will not absolve you .
The monies and properties recovered from these hoodlums in Corporate Suits should be used to subsidise bank workers that
have been sacked .There must be some amelioration of some sort or else what are they to do until they "find" Jobs in the
already saturated market ! ! !
Sanusi, We await your solutions,Looks like although Soludo had no solutions he at least did not put "San san" inside bank
workers garri. Impress us once more as we no longer hear your voice anymore abi you are holding baba go slows hand in
saudi or wherever you people are keeping him .
Main Article by Next media
While our nation’s circus show of shame went on in Abuja and Jeddah last week, another issue of relevance was playing out in
the banking industry. And this was the aftermath of Central Bank governor Lamido Sanusi’s reforms of the banking sector.
Sanusi’s hurricane might have swept through the banking sector, mowing down banks’ chief executives and directors, however,
the real casualties are beginning to show, and they are the over 8,000 men and women bearing the brunt of the reforms through
job loss. Oceanic Bank, Bank PHB Plc, UBA Plc, First Bank, GTB are laying off workers in response to the fall out from the
reforms.
It is, on the surface, easy ascribe the retrenchments in the banks on the Sanusi tsunami that took off in the middle of 2009,
but the sacking of chief executives and directors was not the immediate cause. Long before the Sanusi putsch many senior
bankers made quick money from brisk business in the confines of their offices and lived flamboyant lives comparable to those
of celebrities of the entertainment world. Soon, it became clear that despite being a private-sector driven industry the
principal actors in the banking business had abandoned all pretence at corporate governance and fiscal accountability, toying
with depositors’ money by giving out questionable loans, managing a bloated workforce, doctoring their books to impress the
public, and opening unserviceable branches. The result was an over-staffed industry, incurring huge salary bills every month,
operational liabilities and losses in excess of N100 billion.
In the light of all this, it is not inappropriate to view rationalisation of staff as an expected consequence, if banks are
to rightly address this anomaly.
The sacked workers are not employees of CBN in the first place and to disabuse the minds of critics that it did not order the
retrenchments, the CBN issued a release stating, “... the Central Bank of Nigeria has never directed commercial banks to sack
staff or rationalise branches as reported. Banks are private enterprises and the decision to engage or disengage staff is
best left to the managements and boards of the institutions. These decisions are taken on the basis of business imperatives”.
Nonetheless, our sympathy goes to the affected workers, many of whom are young people either just beginning to live life on
their own or raising a family.
Given the state of the nation’s economy, losing a well paying job in the bank is a predicament that many people will not take
lightly. It is frustrating and depressing.
What is being experienced in the industry now should serve as a lesson for future operations, and a pointer to the need for
vigilance in monitoring and regulating the banking sector, to guard against the ugly practices that have become the norm in
the industry. Chief amongst these are the questionable employment conditions of service for staff, characterised by the
practice of ‘casualisation’ of workers and the abuse of female bank staff. Reports are rife to the effect that many banks,
rather than properly recruit workers, resort to a cost-saving ad hoc arrangement of periodic hiring and dismissal. This is a
practice that devalues the profession and contributes to the lowering of ethical standards of practice. In the same vein,
female bank workers are faced with employment conditions that compromise their future plans.
Oftentimes, their brief includes unrealistic targets that open them to unethical and immoral practices that compromise their
dignity. We view these developments as part of the general corruption that compromised the banking sector where the rot
started from the top.
We urge the managements of our banks to exhaustively explore all avenues to ensure that the rationalisation is reduced to a
barest minimum. One way to do this would be for the banks to reduce staff salaries, especially at senior levels. Some
unjustifiable allowances of management staff would very easily pay the wages of significant numbers of persons further down
the corporate ladder.
Advertising, branding and sponsorship budgets, which ballooned irresponsibly during the consolidation era, as banks struggled
to rebrand and reposition themselves within and beyond the country, should be curtailed, and the savings therefrom used to
save jobs.
We cannot afford to send such a huge number of educated and experienced persons into the job market. Before now, the virtual
collapse of entire industries, like textiles and tyre manufacturing, rendered thousands of people jobless. We have to take
every step possible to ensure that the banking industry does not complicate an already serious unemployment crisis. The cost
of doing this will be nothing compared to the price we will have to pay for the alternative: flooding our streets with
jobless professionals who are as desperate as they are savvy.
Read more…
The last is yet to be heard about the predicaments of the sacked renowned provincial Pastor, Ituah Ighodalo of The Redeemed Christian Church of God (RCCG), Christ's Church Parish in Gbagada, Lagos. He was recently expelled by the General Overseer Pastor Enoch Adejare Adeboye on account of ‘‘adultery’’ perpetuated by him, which was said to be in contrary to the church doctrine and ultimately biblical provisions.
Such act expressly contravened what was contained in the Holy Bible Matthew 19:3-9: ‘‘The Pharisees also came unto him, tempting him, and saying unto him, Is it lawful for a man to put away his wife for every cause? And he answered and said unto them, Hath ye not read, that he which made them at the beginning made them male and female, And said, For this cause shall a man leave father and mother, and shall cleave to his wife: and they twain shall be one flesh. Wherefore they are no more twain, but one flesh? What therefore God hath joined together, let not man put asunder. They say unto him, why did Moses then give writing of divorcement, and to put her away?
He saith unto them, Moses because of the hardness of your hearts suffered you to put away your wives: but from the beginning it was not so. And I say unto you, whosoever shall put away his wife, except it be for fornication, and shall marry another, committeth adultery: and whoso marrieth her which is put away doth commit adultery.’’
This drastic decision which the leadership of the Redeemed said would help to sanitize the church and will also serve as deterrent to others has been described by many stakeholders in Christendom as harsh, cruel and victimizing on someone who had contributed positively to the growth of the church of God. They also decried the celebration, attention and prominence that the church has been giving to other people who do worst things than what Ighodalo did.
The unpleasant development has however thrown a lot of Christian believers into strong confusion on which doctrine to subscribe to, following different interpretations made by men of God over this contentious issue. Besides a notable Pentecostal pastors like Pastor Chris Okotie had re-married after many years in divorce, and heaven did not fall.
In another dramatic twist, founder of Latter Rain Assembly, Dr. Tunde Bakare has joined the critics who opposed to the recent sack of Pastor Ituah Ighodalo of the Christ Church Parish of the Redeemed Christian Church of God for remarrying 10 years after divorcing the wife of his youth. Dr Bakare was once part of the Redeemed family but left after sharp disagreement between him and the church leadership.
Bakare while delivering sermon decried the controversial sacking of Pastor Ighodalo by Pastor Adeboye. Speaking essentially in parables, the pastor said the church’s action was not in consonance with the Holy Scriptures.
According to Bakare who was born a Muslim, this same church that sacked a pastor for remarrying would honour other individuals with more than one wife, offering them prime positions in the church. His words: “As a young Christian, a man married a total stranger and when it was time for him to come home, his wife refused to follow him.
“The man came down, gathered people to intercede for him for 10 years while gathering the flocks for his God and after 10 years, he decided to re-marry and all of a sudden, the church said they found it somewhere in the Bible that he cannot remarry, whereas those with three wives are given front seats in the church.”
Such was the level of the degeneration of the church generally to the extent that those who belong to occultic organisations, he argued, would be given very important personality (VIP) treatment in the church at the expense of imparting strict religious doctrines. Bakare averred that very many churches have actually embraced sorcery in order to perform fake miracles.
One will recall that the Lagos based clergyman, Bakare predicted in 1999 that the former President Olusegun Obasanjo would be killed but the predictions never came to pass, a pronouncement which led to his apprehension by men of the Nigerian SSS.
A source revealed that the embattled Pastor Ighodalo was said to have announced to his congregation that he was quitting the church even as he disclosed to the church the circumstances that led to his failure of his former marriage. He disclosed that his former mistress, Lucy-Ann Summer refused to join him in Nigeria and after much persuasion failed, she later left. Disclosing that the expectations from the marriage were not met by the woman, and that she met someone else that met those expectations.
Consequently, Ibidunni Ajayi, then a Youth Corps member came to his life. The courtship lasted over four years according to a source, even though he proposed to Ibidunni after 18 months of friendship. Ibidunni and Itua became married on 26 February 2007 and it was followed by the traditional wedding three days later in Ibadan, Oyo State.
Pastor Ituah Ighodalo despite his present travails had robust pedigree, an Accountant and writer; Editor-in-Chief of TIMELESS Newspaper owned Christ Church. He is a fellow of the Institute of Chartered Accountants of Nigeria and of the Chartered Institute of Taxation. He is also a member of the Nigerian Institute of Management, and the Managing Partner of Ighodalo and Associates (a Firm of Chartered Accountants and Management Consultants.
Read more…
