Questions Over EFCC’s Scrutiny Of Bankers’ Assets

The Economic and Financial Crimes Commission, EFCC decision to beam its searchlight on bankers’ assets will have minimal effect on the majority of bank workers, industry sources have revealed.

The move  GreenWhiteGreen GWG gathered would indeed further expose the disproportionate utilization of contract staff by the majority of Nigerian banks.

The use of casual staff or contract staff to handle banking activities has been a sore point in the industry with some of the banks having contract staff as the majority in the workforce.

According to the Nigeria Bureau of Statistics, NBS survey, released in 2020, there were 45,350 contract staff in the banking industry as at December 31, 2019.

That figure represented about 43% of the number of bank workers in the country.

While a few of the banks have completely abolished the use of contract staff, others have continued to harness contract staff in carrying out all but the most sensitive of banking duties.

Upon this reality, the bank workers union, National Union of Banks, Insurance and Financial Institutions Employees, NUBIFE has called on the EFCC to focus on the senior management of the banks in its assets’ scrutiny.

GreenWhiteGreen GWG had reported that the EFCC had ordered bankers in the country to submit their assets declaration forms to it by June.

Deputy General Secretary, NUBIFIE, Sola Aboderin, reacting to the development told The Punch:

“Who are the bank workers? They should go to CBN (Central Bank of Nigeria) and ask who are the bank workers. The CBN has said that about 90 percent of those working in banks are not bank workers,” he said.

“So if you are saying tellers, marketers, and others are not bank workers, then fine. In that case, they (EFCC) should focus on the management of the banks,” he said in reference to the move by the EFCC on scrutinising bankers’ assets.

He added, “I’m telling you that if you enter into the branch of any bank today, hardly will you find more than three or four people working as real staff of the bank. The rest are outsourced staff.

“From the gate to the teller, note cashier, marketer, etc, they are all outsourced staff. So who do they want to investigate? If they really want to investigate, then they should go and investigate the managements of banks.”

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