STOP GIVING SENSITIVE ROLES TO CONTRACT STAFF ..CBN TELLS BANKS



The Central Bank of Nigeria (CBN) has warned commercial banks to desist from giving sensitive banking roles to contract staff, as they may not have a stake in the banks.

CBN Director, Banking and Payments System Department, ‘Dipo Fatokun who disclosed this at the weekend during the unveiling of the Nigeria Electronic Fraud Forum (NeFF) report in Lagos, said the apex bank has severally, encouraged banks to ensure that their staff are those with something at stake.

“A temporary staff may not have a stake in the bank so to say. So, it is encouraged that if they have staff that are not permanent, they should not give them responsibilities or roles that will expose them to critical functions of a bank,” he said.

Continuing, Fatokun said: “If you are giving somebody an authority to approve transactions of high magnitude, and he does not have a stake in your bank, then you are already exposing yourself. 

So, this been going on and I believe many banks understand the need to rely on their key staff for major duties. That is one of the reasons, the fraud attempts have been rising, but the value lost declining”.

CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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