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Fashola urges banks to stop casualisation, deposit targets

By on October 22, 2014

The Governor of Lagos State, Mr. Babatunde Fashola, has asked banks in the country to rethink some of their practices, including the growing trend of casualisation of labour.

The governor also stressed the need for banks to curb what he described as ‘unreasonable deposit targets’, which were being imposed on workers.

“The banking sector needs to rethink certain aspects of its practices,” said Fashola at the annual Investiture of the Chartered Institute of Bankers of Nigeria on Saturday in Lagos.

The governor, who was represented by the Commissioner for Economic Planning and Budget, Mr. Ben Akabueze, stated that some banks sited their branches in certain locations without consideration for the needs of their customers in terms of provision of parking space.

“There is also the increasing trend towards casualisation,” he said.

Speaking earlier, the President and Chairman of Council, CIBN, Mrs. ‘Debola Osibogun, said the institute remained in the vanguard of best practice, with the recently launched Code of Conduct for the Nigerian banking industry being the major step taken to ensure that members observe sound ethical standard both in and off the job.

She said in the last few months she had visited some banks to propagate the gospel according to the code and elicit the support of the managements of the banks.

“I am pleased to inform you that at all the banks visited, the managing director/ chief executives attested to the code and directed their members of staff to do so. This is a clear demonstration of their resolve to support the building of the banking profession to drive economic growth and development in Nigeria in particular and Africa in general,” she further said.

She however requested all bankers who were yet to attest to the codes to do so before the expiration of the deadline, adding “My hope is that going forward, no banker will work at cross purposes with the ideals, customs and practices of this noble profession.”

 

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