- In the wake of anti-corruption fight, criminal masterminds urge banks’ leadership to monitor overzealous staff
By Femi Ajayi
Uneasy lies the head and beats the heart of the criminal mastermind; from one crime, they are all recognized as culprits.
Thus in the wake of government crackdown on the corrupt and looters of public fund, the usual culprits a.k.a Industry big boys, are mounting intense pressure on shareholders and directors to monitor overzealous staff eager to take advantage of the whistle blowing initiative of the federal government.
Consequently, banks have placed their staff under severe monitoring and surveillance tactics. There is the feeling amongst the top management that some overzealous workers, in a bid to take advantage of the initiative, may embarrass genuine prime customers.“
Besides this internal precaution, bank staff members and indeed banks are closely monitored by the Economic and Financial Crimes Commission (EFCC) and Central Bank of Nigeria (CBN) in a bid to recover looted funds
However, some banks are broke. Some may be truly bankrupt. The facts are mean and the statistics loom grotesquely like tragic integers of an economy in the chokehold of penury and devastation.
Prime culprits responsible for the depression stealthily stealing upon the country are the self-styled mavericks running the Nigerian financial sector amok. They are none other but the banking industry’s cowboys or rogue entrepreneurs if you like.
These characters comprise executives of top banks in the nation’s financial sectors and they are to blame for the rot and spiraling misfortunes of the sector. While Nigeria depends on them to shrewdly manage and maneuver the economy from a state of uncertainty to a state of prosperity or future affluence, these characters conspired to effect the devastation of the banking industry.
And how did they do that? By granting outrageous loans without collateral and other mandatory securities to themselves, their principals and glorified tin gods among their clients. Rather than re-energise the banking system by imbuing it with the kind of visionary, dynamic and audacious initiatives reminiscent of the best the sector has to offer, these bank executives imposed on the country, a dark pall of financial doom and controversies via their inclinations for and brazen perpetration of cutthroat practices
