AS many Nigerians continue to react to the recent action by the Central Bank of Nigeria (CBN) on five commercial banks in the country, an appeal has gone the National Union of Banks and Financial Institutions Employees (NUBIFIE) to raise questions on the employment status of some of their members.
A Lagos based legal consultant and managing director ofÂ Premier Total Loto, Atiemo Gyan gave the advice in Lagos in a chat with newsmen, an occasion where he disclosed that about 70 percent of bank workers in the country were all contract staff.
Gyan, who strongly condemned the attitude of the management of some of the commercial banks who abuse young girls by employing and intimidating them by sending them to generate huge deposits from businessmen at all costs, also remarked that there are too many round pegs in square holes in the system. He said: â€œThe Nigerian banking system needs urgent restructuring. This is long overdue, even the National Assembly mentioned this but they rested the issue, checking the books and operations of commercial banks regularly will bring sanity and credibility into the system.
“The relationship between the former governor of CBN, Prof Chukwuma Soludo and CEOs of the commercial banks was too close to allow for strict supervision of their operations, the regular dinners held in honour of the ex-CBN boss should have been for the less privileged. Repayment of loans should not be taken as a bargain for pardon, rather, the CBN should give out the appropriate penalties to defaulters because an offence has already been committed. How would one explain the collateral given for a N44 billion loan?â€
Gyan said the fate of millions of Nigerian depositors should not be left in the hands of few privileged people, stressing that a proper legislation should be put in place to regulate the ethics and conduct of banking in the country. CBN, according to him, should review the policy of loans and facilities so that small scale enterprises and less privileged depositors can benefit and be assisted to develop their businesses.