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Nairaland Forum / Nairaland / General / Career / Treasury Single Account: Banks To Sack Thousands Of Staff (42309 Views)
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Re: Treasury Single Account: Banks To Sack Thousands Of Staff by Adesiji77: 10:19am On Sep 12, 2015 |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by 989900: 10:32am On Sep 12, 2015 |
alexlee50: That is where we should be headed. You have spoken well. When I saw how much we spend on importing palm oil, poultry, sugar, and rice, I bled! Not to mention refined petroleum products, which the banks are part of the faceless cabal. It was 'free money', it is immoral, it will end someday -- that day is here. Now lets fund the real sector and grow a real economy, not the cosmetic one we've been having. |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by wiseoneking: 10:36am On Sep 12, 2015 |
Axeurdaddy:There you go again, so you are comparing imperfect "clueless" joenathan with your perfect "saviour god" buhari. I think that where joe made mistakes, he will not do thesame but restore. Are you suggesting that Buhari is the most clueless of all. Well all is change. Massive loss of job is justified by you because joe did thesame. May that wish be your portion and of your love ones lF you never saw anything wrong in what is just happening. 1 Like |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by successjohnny(m): 10:40am On Sep 12, 2015 |
SeverusSnape:. Pls try to follow events properly. Buhari never promised 2 millions jobs annually. It was Jonathan who promised that. And Buhari has not done wrong by bringing accountability into governance. |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by Nobody: 10:43am On Sep 12, 2015 |
Axeurdaddy:First it was the immigration new recruits, then some weeks ago Zenith bank did same now other banks are to follow suit, all in less than 120 days in office, what do expect one to say? 1 Like |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by Kazrem(m): 10:45am On Sep 12, 2015 |
Does anyone see the reason for the sack? “The truth of the matter is that some of these deposits, especially fixed deposits help the banks a lot, now, there is directive that government funds be withdrawn, on one hand it will ensure accountability, but on the other hand the banks will also have to reduce their staff strength or be ready to recapitalise Meaning that the wealth of the nation is with some banks and they use it for business and make profit for their self. So if there is no such huge fund in their banks they can't operate maximally? That's unhearable. 1 Like |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by alexlee50: 10:56am On Sep 12, 2015 |
989900:I agree with u bro.Do u know that if you go to the banks to access funds for a business involving manufacturing u won't get the loan, u won't even meet the requirement but these indians, lebanese and some nigerians get loans running into billions just for buying and selling business.The real sector needs to be stimulated to bring about the necessary growth in the economy. There is no point keeping our money in foreign banks and developing foreign economy when these funds could be useful to our economy. There needs to be total ban on rice and those other products we spend a lot of money importing. Bank of industry, agric banks and other banks should make loans easily available to people interested in manufacturing.we should stop importing sardines, tooth picks, vegetable/ground nut oil/palm oil.these are things that we should be able to produce to sustain the economy. With this in place the value of the naira will appreciate, there would be no need for the cbn to come up with useless policies. 2 Likes 2 Shares |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by sexylogan(m): 11:16am On Sep 12, 2015 |
INTROVERT: Valar morghulis |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by Pavarottii(m): 11:16am On Sep 12, 2015 |
Axeurdaddy:Shut up! During GEj tenure, majority of it; the economy was blooming. Highest GDP in africa, we entered JP morgan Global Bond Index, we hit highest number of barrels production since the inception of Nigeria, he hit the highest number of jobs created, quoted from NBS. World forum hosted in west africa for the first time and in Nigeria precisely. Just just a few of what happened during his aministration. 3 Likes |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by smuth(m): 11:27am On Sep 12, 2015 |
INTROVERT: We are already in winter 1 Like |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by Alfranco(m): 11:34am On Sep 12, 2015 |
Axeurdaddy:Good to hear that! The two men are mere mortals like everyone. They can make mistakes and people should tell them the truth and those who do shouldn't be seen as enemies of anyone or a particular political party. |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by frankyychiji(f): 11:36am On Sep 12, 2015 |
sweetgala:Of course. Like one policeman to 500 people. But I also want the government to do a thorough due diligence before rushing to meet international standards so that it doesn't become like the minimum wage issue where some states couldn't meet up with the demands at the end of the day. |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by engrshakespeare: 11:39am On Sep 12, 2015 |
SeverusSnape: Obviously you know nothing about bank jobs, it is the nature of banks to sack irrespective of the Govt. Av bn there, I know |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by frankyychiji(f): 11:40am On Sep 12, 2015 |
Jwhizzy:who am I to proffer solutions without being tagged a wailer. Already, somebody is dismissing my personal opinion as big grammar. |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by frankyychiji(f): 11:49am On Sep 12, 2015 |
niceeric:We are watching Buhari but thank God Nigerians are wiser due to 50yrs of misrule and would not hesitate to call out the government when they start derailing. |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by darqly(m): 12:05pm On Sep 12, 2015 |
As with other investments, you must NEVER put all your eggs in one basket. Not all banks will be affected as badly as others; Some banks have a healthy mix of deposits (liabilities) whilst others (We ALL know them ) depend largely on government and public sector funds. Banks in Nigeria have largely been one-way businesses: Take from government, giving low rates and lend to the public at premium rates. Now that government funds are not the bonanza they used to be, perhaps banks will look at sectors that critically need funding and investments to scale up or succeed, and actually support these businesses for a change. Blaming the job losses (esp in the private sector) on Buhari is just plain lame as these are profit making entities, not NGOs. If they cannot increase profits or even break even, they have to reduce wastes and cut costs. 2 Likes |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by Folabimi(m): 12:14pm On Sep 12, 2015 |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by njola34(m): 12:14pm On Sep 12, 2015 |
People should learn to ask question before opening their mouth to talk. Nigerians have been so use to doing things the wrong way. We all have to go back to the basis Now for the sake of our unborn child. The Federal government said they want their funds in their own bank(CBN) and suddenly this as resulted in issues ......Over the years the banks fat cat feeds. On this easy funds, forgetting it will end someday since in their mind it is nigerian, doing the wrongthing is normal......It is all over now.......................... 3 Likes |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by ibisko04: 12:25pm On Sep 12, 2015 |
SeverusSnape:If you have friends who are bankers, I have siblings who are bankers. This is not about bankers losing their jobs but about the system correcting itself. All these jobs being lost now will be regained by this time next year when everything must have started taking proper shape. We have been deceiving ourselves for long time. An economy that produces almost nothing for the local market is nothing but rents seeking economy. We are only promoting other countries products. Let us start looking inward for our consumables, let us go back to local production of our needs. Let us do away with the crazy for imported materials that can be made locally. People are only going to be more proactive now. Let those that lost their jobs put on their thinking cap and make something happen. |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by ahaika23: 12:32pm On Sep 12, 2015 |
you have this you have that, tell me when, where and what industry was downsizing when GEJ was president. Was it not GEJ who made sure more companies established, gave youths millions in YOUWIN to start their businesses? Blinded by sycophancy! Spits on quote. Axeurdaddy: |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by fortune1968: 12:34pm On Sep 12, 2015 |
SeverusSnape:NA ur papa be dullard not our beloved President . |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by ugbah007: 12:54pm On Sep 12, 2015 |
Bank work is only good for women not men. |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by niceeric(m): 1:24pm On Sep 12, 2015 |
frankyychiji:I tell u bro,we're way wiser now! |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by ademega(m): 1:43pm On Sep 12, 2015 |
Obiwiz:good questions. what I know is something good is coming out of BUHARI administration and I will eat from the goodies |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by christinie(f): 3:52pm On Sep 12, 2015 |
Uwc. Adesiji77: |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by InvertedHammer: 3:58pm On Sep 12, 2015 |
SeverusSnape:/ Any entity that is not a government-licensed contractor but whose revenue is fully dependent on government's patronage does not fit to exist. So Nigeria banks have no business model outside of handling government allocations? Banks should go back to banking and financing--the core principles of the industry. \ 2 Likes 1 Share |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by ogundokun: 4:14pm On Sep 12, 2015 |
SeverusSnape:perhaps they are corrupt. |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by favourlove1: 4:16pm On Sep 12, 2015 |
Axeurdaddy:I presume you have a very good job that's y u sound the way u do. First bf PMB came up wth single federation ac dint he knw dat this was gono happen? Second imagine whr all the banks in nigeria lays off over a thousand staff. Pls! |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by christinie(f): 4:27pm On Sep 12, 2015 |
Paid e-rats always justifying all buhari's evil deeds by telling us that GEJ was that way too. GEJ never introduced policies that made people lose their jobs massively like what's happening now. Let's even assume that GEJ was like that, DIDN'T APC PROMISE US CHANGE or is it negative change? Axeurdaddy: |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by iomoge2(f): 5:00pm On Sep 12, 2015 |
emerged01: And who said we don't have decision makers in d making? It's like saying the old should keep ruling us till they die n d young are not ready to take up d job. I know a top shot banker who was sacked after 20years of service. He was negligent in his duties and fraud happened under his nostrils. This guy has opened a loan company. They now gI've. out short term loans to individuals who reside in Lagos. He has a full office, employed over 20graduates n businesses booming. His people collect over 120k take home montly. If he was still seating his ass.s in dat bank or if he wasn't shown d way out... Those 20would be roaming d street They have made enough, they should invest n enlarge our economy. Let there be space for others. |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by babestella: 5:59pm On Sep 12, 2015 |
There many effective and accountable ways of keeping govt many on commercial banks without having to pull them out to a central account in can. The nature of our economy is such that commercial banks depends heavily on government money/public sector funds to be able to stay afloat and also give out loans to SME and other businesses. One thing that comes to mind is how many Nigerians have good jobs and are able to save some money at the end of the day after all expenses. I see a situation where the banks will go almost under as a result of this issue and then buhari will extend a bailout proposal to them. |
Re: Treasury Single Account: Banks To Sack Thousands Of Staff by samuelson06(m): 6:12pm On Sep 12, 2015 |
SeverusSnape: I never believed you were this stupeed until today. Guy, relax abeg. No government was designed for your personal success or failure or even for those of your friends and acquaintances. Let this sink into your skull pls. Leave President Buhari alone and take your life to the drawing board once again. |
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