I have heared about how Nigerian Banks' marketers are now professional Prostitutes.

Below seems to further confirm this:

ERASTUS AKINGBOLA, Inter-Continental Bank MD Bizarre AMENDMENT TO POLICY ON DEPOSIT MOBILIZATION

Last View on Sun 30th December, 2007
Last Modified on Sat 29th December, 2007 12:45:18 am
Author: Posted by Admin Letters

om: Akingbola Erastus
Sent: Thu 12/27/2007 9:34 AM
To: All Intercontinental Bank Employees
Cc: Executive Management
Subject: AMENDMENT TO POLICY ON DEPOSIT MOBILIZATION


TO: ALL STAFF



FROM: GROUP CHIEF EXECUTIVE



SUBJECT: AMMENDMENT TO POLICY ON DEPOSIT MOBILIZATION



DATE: 24RD DECEMBER, 2007



A review of the total deposit position of the Bank month on month reveals that the Bank is running short of its planned monthly deposit target.



The negative variance in our deposit position is attributed to the fact that staff are not marketing our various deposit liability products and thus not meeting their targets. In addition, some account officers do not exert proper relationship management skills with their customers. As such, most accounts under their management do not witness any activity for months and some become dormant after six (6) months.



To engender a consistent and sustainable growth in our bank wide deposit position, the following will now apply effective January 2, 2007:



v For every month that staff (service or marketing ) does not achieve up to 60% of monthly deposit target, staff will be debited as follows:

1st Month: N5, 000.00 (marketer); N2, 500.00(service staff)

2nd Month N10, 000.00 ,, ; N5, 000.00 ,,

3rd Month N15, 000.00 ,, ; N7, 500.00 ,,



Thereafter, staff will be sent on suspension.



v Any non-borrowing current account that records no activity in a month, the account officer(marketing officer) will be debited N1, 000.00 (One Thousand naira only) per a/c

v If the a/c is not tagged to an a/c officer, the Branch head / GE will be debited as appropriate

v For Dormant accounts the following will apply: Marketing officer that allows an a/c being managed by him/her to go dormant will be debited N10, 000.00 (Ten Thousand naira only) monthly until the account is re-activated.

v If the a/c is not tagged to an a/c officer, the Branch head / GE will be debited as appropriate, except in cases where it is proven beyond reasonable doubt that the customer cannot be remarketed.e.g Death, relocation etc.

v For regions where more than 50% of staff are sanctioned on deposit related matters, the RBEs will each be debited N10, 000.00 (Ten Thousand naira only) monthly.

v After the 3 rd month, the RCEs will be debited N20, 000.00 (Twenty Thousand naira only).



Please be guided



ERASTUS B. O. AKINGBOLA

Please tell me this is not true.

What absolute madness. This Banking industry is nigeria is full of crap and those that work there seem to have become nothing but slaves. God help them !

I think the National Assembly should urgently conclude their investigations and carry out a critical appraisal of the operations of Banks in Nigeria. They should go ahead and enact laws that will abolish the obnoxious practices indulged by these Banks

so what else is new?

This thing about Nigeria that when something starts well you expect there should be no mistake.

people err and that is why there is the law.

Our Lawyer eat their cake and still want to have it.

Look at Innocent people in Jail and yet we have loads of Lawyers turned out on the people money.

this is the Injustice of the Elite.

Our Knowledge does not save people it rather shows off and terrorize the poor.

What absolute madness. This Banking industry is nigeria is full of crap and those that work there seem to have become nothing but slaves. God help them !

thnk before you post the fact that you are not even sure about it shows that you should not realy condem the entire banking sector