{"id":225057,"date":"2010-01-24T21:19:00","date_gmt":"2010-01-25T02:19:00","guid":{"rendered":"tag:blogger.com,1999:blog-16711557.post-5653219483293628134"},"modified":"2010-01-24T21:19:49","modified_gmt":"2010-01-25T02:19:49","slug":"former-nigerian-oceanic-bank-director-engaged-unwanted-workers","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/225057","title":{"rendered":"Former Nigerian Oceanic Bank Director Engaged Unwanted Workers"},"content":{"rendered":"<div style=\"float: right; margin-left: 10px; margin-bottom: 10px;\"><a href=\"http:\/\/www.flickr.com\/photos\/53911892@N00\/3837766711\/\" title=\"photo sharing\"><img decoding=\"async\" src=\"http:\/\/farm4.static.flickr.com\/3424\/3837766711_f7e466abc4_m.jpg\" alt=\"\" style=\"border: solid 2px #000000;\" \/><\/a><br \/><span style=\"font-size: 0.9em; margin-top: 0px;\"><a href=\"http:\/\/www.flickr.com\/photos\/53911892@N00\/3837766711\/\">Former CEO of Oceanic Bank Cecilia Ibru of Nigeria is facing scrutiny over the collapse of the financial sector inside the oil-producing West African state.<\/a><br \/>Originally uploaded by <a href=\"http:\/\/www.flickr.com\/people\/53911892@N00\/\">Pan-African News Wire File Photos<\/a><\/span><\/div>\n<p>Ibru engaged 19,000 unwanted workers \u2013CBN<\/p>\n<p>Written by Auwalu Umar, Kano<br \/>Nigerian Daily Trust   <br \/>Sunday, 24 January 2010 22:33<\/p>\n<p>Embattled former managing director of Oceanic Bank Mrs Cecilia Ibru engaged 19,000 workers for the bank through a job consultancy firm fronting for her and the bank did not need such employees, according to Central Bank governor Sanusi Lamido Sanusi.<\/p>\n<p>Fielding questions on a Freedom Radio\u2019s special programme in Kano at the weekend, Sanusi also said the bank at present had 199 branches spread all over the country that were yet to be completed. Of the number, he said, only 66 were approved by the central bank for their construction.<\/p>\n<p>The CBN boss said Mrs Ibru collected N20 billion as rent for the bank\u2019s new branches that are under construction. Sanusi said the former bank chief executive also paid herself huge amount of money through the job consultancy company for the employment of workers who are yet to assume office in the bank\u2019s new branches that are yet to be completed.<\/p>\n<p>Sanusi said the ongoing reforms in the country\u2019s banking sector became imperative given the level of decay in the sector. He said CBN cannot allow corruption to continue there and doing so, he said, would indicate that the apex bank approves of the dirty deals in the financial sector.<\/p>\n<p>Giving more lights on the ongoing retrenchment in the country\u2019s banks, the CBN governor said the exercise was in order because most banks used depositors\u2019 monies to pay staff salary which he said was totally contrary to the banking ethics. He cited the example of Oceanic Bank that pays N4.2 billion every month as staff salary, saying the profits the banks generates are not enough to pay such huge monthly staff emoluments.<\/p>\n<p>He also said his major challenge today was to continue to develop the micro-finance institutions in order to tackle the problem of poverty in the country, saying Malaysia and Tunisia are today better off because of the impact the micro-finance institutions they established had made in poverty eradication.<br clear=\"all\" \/><\/p>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/16711557-5653219483293628134?l=panafricannews.blogspot.com' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former CEO of Oceanic Bank Cecilia Ibru of Nigeria is facing scrutiny over the collapse of the financial sector inside the oil-producing West African state.Originally uploaded by Pan-African News Wire File Photos Ibru engaged 19,000 unwanted workers \u2013CBN Written by Auwalu Umar, KanoNigerian Daily Trust Sunday, 24 January 2010 22:33 Embattled former managing director of [&hellip;]<\/p>\n","protected":false},"author":4243,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-225057","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/225057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4243"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=225057"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/225057\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=225057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=225057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=225057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}