May God save us from the problem of a thing.to every one affected please take heart.

I think everything is going downward, those of you that was affected, it is never the end of the world. I am telling you , it is beginning for you to see opportunities arround you and I promise you that you will make good things out of your life once again.
I have experience something like that before, I know how it's going to like for those that was affected.

I can help, if you ask me of what to do now.

Its very true, a brother friend in my church works there and he told me yesterday how some of his colleagues were sacked just yesterday!

Huh!. with all this sack, sack, downsizing going on, i had better make a U-TURN!, that is finish my studies here in Europe, and stay back and huzzle for job here or in Canada rather than move back to n9ja for good job, 'I NOR FIT SHOUT OH',

To those affacted, my sympathy. However, its not the end of life. One door closes for another to open. God have a purpose for you. To our govt, encourage our youths to be self reliant. Roll out programmes to support this

Downsizing is not helping the matter, as we all know that unemployment is a serious problem in the country which their is no solution yet, i mean they suppose to reduce or cut salary and reduce overhead cost instead of downsizing they are only complicating the probem of the labour market, at least some of the banks apply the above method and is working for them instead of downsizing.
I pray this madness will stop.

To all those affected, may God help you through. God will give you a way out of this bad situation.

MY PPL I ADVICE WE STAY AWAY FROM BANK JOB FOR NOW , ZENITH STORY IS TRUE. ALMIGHTY DIAMOND BANK LAY OFF CLOSE TO THAT NUMBER MY GUYZ WAS AFFECTED BOTH IN ZENITH AND DIAMOND BANK. FIRST BANK STARTED THE RACE WITH 500+. NA ONLY GOD GO HELP US ESP. THESE HARD TIME,

whether it is a rumor or not does not matter. let's consider d families and friends of those who would be affected, d labour market that will b "up-sizied" rather than "down-sized", all above all d socio-economic and psychological tussle it brings. naija, it's time 4 deep sober reflection. hope there will room 4 youth corps member in Zenith bank 2 serve their fathers' land

Its not only in Zenith Bank, Spring Bank axed virtually an entire braanch. It sacked massively in all the branches mostly marketers, Operation staff will get their fair share soon.

The banking sector is sick.

how can things get better when events like this keep happening.

The truth as now revealed is that no bank is immuned on the global financial crisis and the Lamido's abrakadabra. Indeed, CBN has brought problems to the Nigerian Banking industry. What good has the so called reforms proferred? Salary cuts, Job losses, unemployement and so on. Folks, year 2010 is going to be a very difficult year for look of things. Banks have stopped employing, graduates tripping into the labour market everyday without hope of getting any job.

What good does Lamido have as regards the recession and job losses? Let Lamido make pronouncement on the plan to cushion the effects of his so called policy on the economy.

Lamido in a bit to solve problems created more. He sacked MDs for bad loans and brought in new ones to enjoy what they never sowed.

Lamido, the mighty are falling all for your so called abrakadabra, wake up man!

This is not good news!
I sure hope all those folks find a way out soon, and that they had a plan B while working in them banks.
come to think of it, i think this layoffs should involve more senior staffs as they made the decisions and cutting of their salaries will save the bank a great deal.

but hey dont blame Lammy guy ok?he just exposed the fact that most of the banks were a pack of cards and beter now than later, now they can build uo some honest wealth and later continue expansion.or you would rather he left them alone to continue their 'mega bank' delusions?

in dis economic melt up crisis. wetin den do 2 deserve sack letter. the way we run things 4 dis country mi i no gbadun

i am a witness. i am alive. i av been there! Glory be to God!

YES. BANKS ARE SACKING B/C SOLUDO MISLED NIGERIANS & BANKS WITH HIS "THE-MORE-YOU-LOOK-THE-LESS-YOU-SEE APPROACH TO BANK GOVERNANCE. GUESS, SOMEBODY IS LISTENING.

HAD SO-LUDO NOT PLAYED LUDO GAME WITH OUR BANKS, BAD LOANS, OVERBLOATING PUFF PUFF PROFITS, OVER-RECRUITMENTS, BUBBLES ARE CAPITAL BASE, EUPHORIA OF BANKS ARE DOING WELL IN NIGERIA WOULDNT HAVE COME TO PLAY.

DOES ANYONE CARE TO LISTEN? CEOs BRIBED HIM. BANKS LOBBIED HIM & HE SOLD OUT A GOOD INTENTION HE ORIGINALLY HAD OUT OF GREED. I MEAN, I DON'T UNDERSTAND WHY PPLE ARE STILL THINKING HE HAS ANY GOOD THING TO DELIVER IN ANAMBRA STATE.

WHEN NIGERIA HAD THE CHANCE OF REMEDYING THE ECONOMY LAST YEAR, HE CAME OUT TO SAY NIGERIA IS IMMUNE TO RECESSION.

IF U DONT KNOW, BANKS HIRED TOO MANY PPLE LAST YEAR THAT ARE NOW GOING TO BE LAID OFF ALL B/C BANKS WERE LIVING IN THE EUPHORIA OF WE ARE MEGABANKS. MEGABANK MY FOOT.

ALL AGGRESSIONS SHOULD POINT AT SOLUDO.

SOLUDO, THE BLOOD OF INNOCENT PPLE U SPILLED (AND ARE STILL GOING TO SPILL) ARE CRYING VENGEANCE!

Boko Haram has spoken

Those bank CEOs are rougues. They are the ones that put thier staff in this mess.
I am afraid for the Banking Industry, the day they stop paying thier staff well with the kind of stress they expose them too, fraud will become an everyday affair in the bank.

Now that the 'small' guys know what the 'big' guys are doing, without them being assured of job security, 'grab what you can grab' will become the other of the day!

where were dese middle cadre staff wen management was approving dese facilities for oil and stock merchants who had no ability to repay, dey were not dere and it wasnt even any of dere business.so why are d mgt staff not losing dere jobs?, All dese smack of selfishness and d real n true capitalist spirit. The truth of the matter is dat most of dese bank self styled big boys had "cuts" from all dese facilities, now middle n junior cadre staff like us are being laid off, Am in zenith and honestly am truly demotivated by dis sack stuff. I wasnt affected but we never knew that hitherto all mighty zenith can sack, it means the pics is more gloomy dan we thought, May God help us,

Jeeez!!!! The sack was just too sudden. Most of the affected staff were caught unawares. It just re-emphasizes the fact that it's good to have a Plan B, Plan C and Plan BC just incase, cos job security is about 40%. And for those who didnt, well, take heart cos it's not the end.

Weep not if u r affected, losing a bank job may turn out to a blessing in disguise, because bank job is more or less living in bondage.The releive gives you the much needed time to look for a more refreshing job, or better still, to exploit your entrepreneurial skills.

ples let face the fact now. i told a group of people sometime ago on the issue of CBN taken our treasury cash to rescue the sick banks/unbalance banks that "can they survive to pay our treasury cash back as scheduled"? Now almost one trillion naira in trap.

Fellow Nigerian it is time for NATIONAL ASSEMBLY to rescue our economy from total collapse.

If banks are downsizing due to economy met down,then we Nigerian should rise up to fixed the salary of political office holder to save our nation.

YES. i could remember sometime ago i posted on bankers area that "all glitter are not gold". That banker should diversify their earning incase of firing and now it come to pass. where do they want to get job that will match mr.big and tantalizer lunch?

Good day.

.

Salary slashing, staff sacking, eventual increase in unemployment of youth, increase in poverty level.

well, these are part of dividends of Sanusi banking reform.

i pray it is not too late before our eyes clear, our leaders wake up and God Almighty safes us

we are still looking

Insert Quote

Salary slashing, staff sacking, eventual increase in unemployment of youth, increase in poverty level.

well, these are part of dividends of Sanusi banking reform.

i pray it is not too late before our eyes clear, our leaders wake up and God Almighty safes us

we are still WATCHING

Hmmmmmmmmmmmmmmmmmmmmmmmmmm

Sanusi's reform still remains one that can always do more arms that good just as the writer said.
Looking at the Thisday news paper of Thursday 3rd DEC, it was written there that CBN(sanusi) wrote the MD of intercontinental bank to reduce salary and lay off some staff. Just as Sanusi(Almighty) will has it, 26 senior staff of that bank according to Thisday paper Friday 4th DEC, were asked to resign. insider information revealed that more list is still being compiled.
This is the trend of Sanusi' banking reform. all banks have now choose to be sacking staff either as advised by CBN or for them not to be caught up in the mess.
what of increment in the ever growing unemployment figure in Nigeria.

God shall help us

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adigun101
Posts: 143

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Re: Sanusi Incompetent To Manage Cbn
« #66 on: Yesterday at 09:45:41 PM »

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Quote from: realmen on Yesterday at 08:45:25 PM
Sanusi's reform still remains one that can always do more arms that good just as the writer said.
Looking at the Thisday news paper of Thursday 3rd DEC, it was written there that CBN(sanusi) wrote the MD of intercontinental bank to reduce salary and lay off some staff. Just as Sanusi(Almighty) will has it, 26 senior staff of that bank according to Thisday paper Friday 4th DEC, were asked to resign. insider information revealed that more list is still being compiled.
This is the trend of Sanusi' banking reform. all banks have now choose to be sacking staff either as advised by CBN or for them not to be caught up in the mess.
what of increment in the ever growing unemployment figure in Nigeria.

God shall help us

if the above is true, then it means that CBN is actively running some Nigerian banks. Well this is banking made in Nigeria. But I predict it will lead to a comatose Banking sector just like our comatose economy and comatose president !
How befitting !


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naijaking1
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Re: Sanusi Incompetent To Manage Cbn
« #67 on: Yesterday at 10:04:39 PM »

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Quote from: adigun101 on Yesterday at 09:45:41 PM
if the above is true, then it means that CBN is actively running some Nigerian banks. Well this is banking made in Nigeria. But I predict it will lead to a comatose Banking sector just like our comatose economy and comatose president !
How befitting !


Of course the statement is true, I saw the article too.
Any unbiased observer will see the criminal incompetency of Sanusi from a mile away. My brother, your prediction will be in line with those of banking and financial experts like Chie Edonien of Eket.

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realmen
Posts: 21

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Re: Sanusi Incompetent To Manage Cbn
« #68 on: Yesterday at 10:50:42 PM »

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Economy wise, all banks have refused to give out money(loan) for any business or investment of any kind or magnitude or importance.
FG and CBN begged, advised and implored banks to start given loans, but they all refused. Banks refused to continue with existing facilities, and ask customers to pay down prematurely. all these are to conform with Sanusi's reform. or better still to play safe.

oil importers are not availled facilities to import again as before.
foreign banks are asking for cash back up for Letter of Credits from all Nigeria banks now as they trust no bank in Nigeria again. we are believe to be birds of the same feathers.

banks are confused to do real business
as they dint know what may happen next.

all these definitely are affecting economy



i pray God help Nigeria


NIGERIANS WE NEED PRAYERS SERIOUSLY AT THIS LEVEL OF OUR ECONOMY UNEASE

na wah oh well thats where the bank are going to now our mind no rest