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Hey, the Banks Are Robbing Us


PLSCOPE BY Eddy Odivwri    Eddy.Odivwri@thisdaylive.com
With the benefit of hindsight, I would not now blame Alhaji Bakin Zuwo, former governor of Kano State in the second republic in whose home was found N3.4m stacked in bags, after the December 31 1983 coup led by then Gen Mohamadu Buhari (our sitting President). When the military men who searched his house asked him why he kept all that money in the house instead of the bank, Bakin Zuwo (who had no formal education) retorted and said: “Me, I no trust Bank”. That was 37 years ago. If Bakin Zuwo did not trust the banking system 37 years ago, I wonder what he would have said now, if he was yet alive. He died in 1989, at 54. But truth is that many Nigerians, including myself, are losing the trust in banks. But because we have very limited options, we still retain their services, choicelessly. ....

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Banks sack 7,957 in 9 months


• Operators grappling with skill inadequacy
• Planned competence test not triggered by noticeable gap – CBN
• From our record, only one bank retrenched, says NUBIFIE
The perennial human capital crisis in the banking sector got worse in the past few months, The Guardian investigation found.
This was partly triggered by increasing disengagement of employees, which insider sources described as “worrisome”.
The Central Bank of Nigeria (CBN) warned the banks against sacking employees as speculation of mass retrenchment made the round earlier in the year, following the outbreak of COVID-19.
Finding has shown that the banks, notwithstanding, have taken haircuts. However, more of the contract staff might have been affected by the reduction in personnel liability. ....

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