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Commercial banks berated for failing in social responsibilities

By Peter Duru, MAKURDI
Commercial Banks operating in the country have been berated for failing in their social responsibilities to their host communities despite huge profits the individual banks post at the end of every financial year.

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The banks were urged to borrow a leaf from the Central Bank of Nigeria (CBN) that has made it a matter of policy and priority to annually reach out to its host communities through financial and material assistance to the less privileged in the society.

This assertion was made by the coordinator of the Gidan Bege Home, Mr. David Audu while playing host to the management of the Central Bank of Nigeria CBN, Benue State branch who called at his office to present relief materials to inmates of the home.

Audu maintained that as cooperate citizens commercial banks owe their host communities the social responsibility of ploughing back part of their profits to the wellbeing of members of their host communities in order to foster cordial relationships between the banks and the people.
In his remarks at the occasion the Branch Controller of the CBN in Benue State , Mr. Sylvester Dozie Chukwuka disclosed that the visit of his team to Gidan Bege Home was in furtherance of the apex bank’s social responsibility to its host community.

Chukwuka noted that the staff of the bank though personal contributions annually reach out to the less privileged in the society explaining that the gesture was in furtherance of the bank’s policy thrust.

While lamenting the dehumanizing condition some of the less privileged and needy in the society find themselves the branch controller informed that staff of the CBN across the country saw this as a challenge that could be tackled through personal contributions from the earnings of individual staff of the bank.

The CBN Branch Controller disclosed that the gesture was born out of the desire of staffers of the bank to extend a hand of assistance to groups and organizations that were directly involved in catering for the less privileged in the society.

“We as staffers of the CBN take it upon ourselves to ensure that we give back to the society as part of our social responsibility to our host state; we do this annually and target beneficiaries are motherless babies homes and orphanages where the less privileged in the society are directly given succour”.

Chukwuka who intimated that Gidan Bege was picked as beneficiary of the gesture after proper scrutiny urged the coordinator of the home to ensure judicious use of the items donated to the orphanage.

He stressed that the bank would continue to render all forms of assistance to the orphanage whenever the need arose advising that the inmates imbibe the tenets of discipline and obedience to rules in the home in order to turn out responsible citizens in the future.Among items donated to the orphanage were power generating set, toiletries, giant water tanks, cash and beddings.


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