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Impunity In The Banking Sector. United Bank For Africa As Case Study. (4246 Views)
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TellAll1: 7:48am On Oct 27, 2024 |
The United Bank for Africa, UBA, has been operational for the past 75 years. Just like every other commercial bank, UBA has consistently been one of the most profitable banks in Nigeria. Precisely, it was the most profitable bank in 2023, where profits were recorded in trillions and in billions, asset-wise, in liquidity,, etc. However a humongous part of their existence as an organisation has been marred by insensitivity to the welfare of her workforce, notably, the outsourced staff. The management of UBA is quite terrible and has totally failed when it comes to staff welfare, maintenance, development, rewards, compensations, and many others. Pain points. 1. They are the least paying mega bank in Nigeria. They have core staff still earning below #160,000 even after over 10years of service in the bank. As at today, this 75 year old Bank, still have a set of work force that earn less than a Hundred thousand naira monthly. It's sad I guess?? Hygiene Officers ~#33,000+ Security Personnel ~#50,000 -#58,000 Drivers ~##50,000-#58,000 Direct Sales Agents~ #60,000 Tellers and CRO's #94,000-#113,000 Most mega banks in the past 2 years have done over 100% basic salary increment, but not UBA. There's a rumor flying underground that due to the increase in minimum wage, they are planning to take the salaries of contract staff who have worked for over five years to about #175, 000, others would be between #138,000-#154,000 for Operation staff. If you complain, senior Management like @ Alex Alozie and the likes will tell you to resign quietly, as this is UBA and not Zenith, Access nor GTB. The entire management are all pranksters, full of propaganda, quick to sanction and penalise for flimsy reasons, but have never seen the need to be competitive in payment. They would always remind you that there is no job in Nigeria, hence, you better hold this job you have because you are well paid. 2. Career Path: Having spent years in the bank, they would still not give room for conversion to a full core staff like their counterparts. Rather, they came up this month of October 2024, with a GMAP propaganda that only permits BSC holders not more than 30 years to apply. This level of disparity and Dichotomy has left a huge percentage of UBA staff( core and Contract) in pain. It makes them look irrelevant, uneducated , incompetent and unwanted. Yet, they want you to go the extra mile, but the management wouldn't. If truly we aren't qualified to take up these positions, why then were we employed? When the earliest sets of GMAP'S underwent training, this same outsourced staff were a part of the people they learnt from. Imagine you teaching your would be supervisor!!! Most banks would set conversion tests so that the high flyers amongst these core staff could make it into full time employment. 3. Unlike their competitors, contract staff (outsourced) of UBA are not entitled to any other package aside their basic salary. - No loans - No Leave allowance - No quarterly pay -No profit sharing or bonus -13th month salary is #10,000 -December package: Half bag of rice and a jar of vegetable oil. -#10,000 increment takes place every two years. 4. Work-life Balance. The kind of job done in this 75 year old bank is a Sunday to Sunday type of job. You close on weekdays, WhatsApp classes and meetings after work, market the brand every weekend ( Operation Staff 5 s while sales staff are to open 10 s Is this fair? š Aren't these workforce humans? Shouldn't they have a life of their own outside the bank? Ndi United Bank!!! Bank staff are really tired. Someone needs to hear and help them out. A satisfied staff would lead to a very satisfied customer." We work in a bank and live like the paupers", said a staff. " They would tell us not to live above our means, yet we are actually living beneath our means", said another . For a bank this profitable, owing to the fact that they garnered the most profit in 2023. , this is really bad. UBA does not reward staff effort, rather, they complain, bring up propaganda, all in a bid to dissuade staff from crying out. 9 Likes |
immortalcrown(m): 7:53am On Oct 27, 2024 |
Very bad, if true. But the workers have the choice to leave the bank. What you tolerate will not change. 4 Likes |
David4473: 11:20am On Oct 27, 2024 |
immortalcrown: It's very much true. Maybe in another Nigerian era, they could leave in a whim. Alas, they are trapped in that awful organization. They don't value their staffs one bit, and it pains me for them. 1 Like |
Esthered: 11:46am On Oct 27, 2024 |
David4473:Who trapped them? The SEs I worked with, one became an ASM with Palmpay last year, four are in UK, two will be core staff by January, 1 is a car dealer and a teller, another 3 have businesses and cash balances more than myself.....I can keep counting based on the former branch I worked. This happened last year apart from the other business owners. When I see people trying to tarnish the image of their employers, I ask to what end. If you've worked with SEs, you already know those that will grow within, leave and those that'll STICK to the system and become aggrieved in the long run most times. The system doesn't favor them but it should be a stepping stone for something better. Core staffs are told to have their exit planned the day you start, why should an SE be different? Core staff remind themselves that they begged to apply when aggrieved as most aren't headhunted, so why should an SE that obviously applied for the role come out later to bouth their employers when they know that the role has no career pathway. I hope their welfare will be improved but any SE should please have an exit plan mbok. 2 Likes 3 Shares |
AfahaAbia(m): 1:27pm On Oct 27, 2024 |
This is so so sad. I actually started my career with First bank in 2012 then moved to UBA in 2015. I worked for only about a year before I fled the country for greener pastures. All you said is 100% true. Even in those days it wasn't easy at all. A lot of colleagues I worked with those days all left Nigeria. You see working in any of those Nigerian banks, it's a big career killer!!!
8 Likes 1 Share |
David4473: 1:37pm On Oct 27, 2024 |
Esthered: Can you hear yourself? Calling out an employer that treats their staff like trash is bad mouthing them? It's people like you that makes these people get away with the atrocities they commit. Coming here to yarn nonsense. Is the Nigeria of last year the same as now? who can afford to leave their job regardless of how bad it may be in this time? And you say they are not trapped. With all due respect to whoever you may be, you don't have sense. 8 Likes 3 Shares |
David4473: 1:40pm On Oct 27, 2024 |
To get a picture of how bad it is, there is a branch on the island that forces its tellers to stand while working. For hours, nobody deserves that.
4 Likes |
Kollyk11(m): 1:52pm On Oct 27, 2024 |
oga go unity bank and compare,UBA na better bank
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franklingud(m): 2:19pm On Oct 27, 2024 |
UBA stole my father's N10k when he died in the year 1998. My mother too, of blessed memory, tried her best to claim the money but UBA didn't give her the chance. Imagine 10k as that year, isn't it about N10m nowadays?? Since then I have been suffering till date. Bad things will happen to the owners of that bank and it has already started with Nwigwe and his family. More is coming anyways. 4 Likes |
Esthered: 2:50pm On Oct 27, 2024 |
David4473: Why can't someone afford to leave their jobs oga especially having experience in the branch of a bank when they can be transfer the skills elsewhere. I'm on job boards and there are vacancies oooo.....some with poor remuneration. I tell SEs that you first have to work on your mindset and if you conquer that, you'll never be trapped in a poor system like contract staffing. I've worked in a Lebanese firm where the blacks don't have privileges and we called ourselves contract staff as the expatriates were treated better, instead of me to stay and wallow in my misery of unfair labor practice, I left. 1 Like 1 Share |
Esthered: 2:53pm On Oct 27, 2024 |
David4473:I read about it on LinkedIn and I thought to myself that that's the height of it. Would I stay with leg pain for months, I'll leave my oga. I used to have that fear of the unknown to change roles but a colleague told me that opportunities abound and I have been seeing and a relative got a job in an oil and gas firm from a job board. Ask them when last did they apply to jobs, a colleague said some don't even have CVs. I ed when conversion exam was happening and the SEs that were supposed to be practicing were always on Instagram during their spare time, or is it one that told me she hates mathematics and doesn't want the stress..... Those in my circle knows that I always encourage them to leave the system especially when young. 1 Like 1 Share |
Elzazzi: 3:24pm On Oct 27, 2024 |
franklingud: 10k of 1998 isnāt 10M now. You people like exaggerating 8 Likes 1 Share |
David4473: 6:12pm On Oct 27, 2024 |
Esthered: This is the mindset of "As long as i'm not affected..." I have never worked as a SE in any bank, all I know is every employee, regardless of their field, deserves better. Condoning this sets a harmful precedent for future staff, cause there will always be more. What's wrong is wrong and we need to nurture the habit of calling them out. 2 Likes |
Esthered: 6:25pm On Oct 27, 2024 |
David4473:Ok sir. |
WINDSOW(m): 6:38pm On Oct 27, 2024 |
If only Tony Elumelu knew the plan I have for UBA. The bas tard organizations dashed my hope in 2006 when, at their Maryland branch after the helicopter servicing company, the mumu HOP asked me, in an interview, who my parent were. I swear if God picked my call like Bill Gates, I will turn their branches to industrial poultry. 3 Likes |
IamANigerianMan: 6:48pm On Oct 27, 2024 |
immortalcrown:I am a security personnel, The current banking system has destroy Nigeria.. we are investigating one Chinese man now, he has 40 different in Nigeria, all the address are in China... I ask myself, can this happen in their country.... Banking system need to be sanitize 4 Likes 1 Share |
haybhi1(m): 11:52pm On Oct 27, 2024 |
franklingud:lol, no be even 100k o, 10k... chai, e don tey wey sapa don dey Nigeria sha... Lol, this dude just made my day with his funny comment. Nigha literally equated 10k to 10M...lol... you seem high on groundnut. You must be an obedient 2 Likes |
MrAmbrose(m): 4:56am On Oct 28, 2024 |
And some of these staff will be feeling like goddess of the moon and the sun, when they're busy counting people's money, infact I'm referring to the ladies working in banks, why do they carry themselves with so much pride? Especially the beautiful ones ![]() |
jaklad(m): 5:15am On Oct 28, 2024 |
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RevenuesBoost(f): 5:29am On Oct 28, 2024 |
immortalcrown:fact |
Harddiskng(m): 7:58am On Oct 28, 2024 |
Omo i donāt know the kind of leadership Tony Elumelu is offering UBA but I have started to believe he is living some kind of facade cuz the good book says - āas the anointing oil that was poured over Aaron's head, that ran down his beard and onto the border of his robeā: meaning whatever is going on at the top would get to other parts below. I going to their HQ many many years ago, the leadership are the rudest set of corporate people I have ever seen. Very very disrespectful, even the middle level management guy coordinating was visible stressed and not comfortable around his own Oga. Everybody just dey walk no single smile, before It was turn I had already said God-forbid to UBA. Lo and behold, the guy was trying to demean me that he just met for the first time in his life. Me sef fast-warded the interview for him by telling him I donāt fit i am a fit for the role lol and carried my kaya hurriedly out of their building that was already giving me weird creepy vibes. 1 Like |
Javalist: 8:01am On Oct 28, 2024 |
franklingud: Oga small small abeg. 10k naira in 1998 is not more than 800k today even at official dollar rate of that time. |
Baldwretch: 1:33pm On Oct 28, 2024 |
TellAll1: Hello OP. Are you an employee of UBA and did you write this yourself or you got it from someone? Are you a contract staff of UBA? If yes, for how long have you worked with them. |
franklingud(m): 4:16pm On Oct 29, 2024 |
Elzazzi:Bro I am not exaggerating anything. 10k is a huge amount of money that year. An empty plot of land and Toyota hiace van was worth about 3k or 5k in old achara layout ENUGU STATE. Nowadays in the same area, empty plot of land could go for N30m, N40m. Make enquiries bro |
franklingud(m): 4:21pm On Oct 29, 2024 |
Javalist:Bro I am not gonna argue with you. Ask older people about it. A plot of land and Toyota hiace van was worth about 3k-5k back then in the 90s. My dad had 2 hiace buses back then before he traveled abroad, returned and was assassinated. |
franklingud(m): 4:26pm On Oct 29, 2024 |
haybhi1:I am not an obedient, neither am I interested in Nigeria politics whatsoever. I am not gen Z. I am not high on whatsoever. And I am not your mate. If you don't Know how to make research on issues concerning Nigeria's downfall from giant to dwarf then keep quiet. 10k in the 90's could buy you a plot of land and build you house to the finish bro. That's why when we complain about Nigeria, we know what we are saying. 1 Like |
haybhi1(m): 10:06pm On Oct 29, 2024 |
franklingud:All right. Don't take offense. |
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