Ensure Safety of our Deposits-Micro-Finance Banks Customers

Micro Finance banks in Nigeria have been called upon to put mechanisms in place to protect customers from negative tendencies by credit officers. This call was made by some customers in Ibadan, Oyo state, Nigeria, while recounting their experiences in recent times. ''These credit officers have for long engaged in unethical practices, such as collecting daily contributions and not remitting the same to their employers. We want to be sure that our daily contributions arrive safely at the vaults of our micro-finance banks. Most of us you see here have gone through harrowing experiences with those who collect our daily contributions. The management of the bank should put measures in place to ensure our daily contributions get to them and ensure the safety of our deposits, ''they advised. However, the Head of Credit of Apex Trust Micro-Finance Bank in Ibadan, Mr. Kunle Olagunju advised customers of the micro-finance bank who have complaints to visit its offices to lodge such complaints, saying, '' that is the reason why we are here. We are insured by the Nigeria Deposit Insurance Corporation,'' Mr. Olagunju stated.
Solomon Adewunmi is the Editor-in-Chief of New Federation (news2day.emyspot.com), People(2day.emyspot.com) and Federationewsday(one.emyspot.com) He attended Ajeromi Ifelodun High School, Olodi-Apapa, Lagos and the University of Lagos, Akoka, Lagos. He possesses - * BBC/EC CERTIFICATE IN NEWS JOURNALISM (FEB. 2001) * CERTIFICATE IN ARTS AND CULTURE CRITICISM (NANTAP MAY 2001) * CERTIFICATE IN PEACE JOURNALISM (JUSTICE, DEVELOPMENT AND PEACE COMMISSION) *CERTIFICATE IN CONFLICT ANALYSIS[UNITED STATES INSTITUTE OF PEACE ONLINE TRAINING PROGRAMME, OCT.2004] *CERTIFICATE IN INTERFAITH CONFLICT RESOLUTION( UNITED STATES INSTITUTE OF PEACE, JAN. 2009).

Comments

Post a Comment

Popular Posts

Understanding Repression

Image
The bad harvest of 1792 in England, the grave discontent among the people, the high rate of unemployment, the prohibitive prices of food items, repression by the government among numerous other factors had adverse effects on its socio-economic and political development. In Nigeria in 2021, insecurity, hunger, poverty, the high unemployment rate, violent crimes, incompetence, misplaced priorities, mediocrity, the beautification of lies and falsehood, the condemnable activities of state actors and their agents have visible prints in every part of the country for the people to see. Indeed, the insinuation is that leadership at all levels has derailed. The ignoble roles played by the likes of John Castle, Oliver, and George Edwards, all provocative agents of the government and spies, have further dented the image of the leadership and also eroded its credibility. The actions of Pitt in the House of Commons and Grenville in the Lords resulted in the passage into law of the Seditious Meetin...
Read more

Emerging Natural Factors

Image
In most countries around the world, the interest of an individual has never been greater than those of these countries. However, this is not the case in several countries in sub-Saharan Africa.Indeed, a political party that has attained political power, is at an advantage to address the fundamental national question revolving around equality and justice. Unfortunately, in Nigeria today, the political party in power is proud to have regional and ethnic alliances which have ensured a divided country. The rule of law is increasingly being rubbished on a daily basis while political and religious intolerance is now the culture and tradition.The unabating state of insecurity and the unending violence which has claimed several thousands of lives, suggests that the former and the latter have become means to various ends for Those in Authority. A political party ought to be a medium for the expression of the choice of the electorate and the avenue through which like-minded people may expr...
Read more

The Last Resort of The Common Man : Nigerians Keep Hope Alive On The Judiciary

Image
The Justice Kayode Esho panel report on the Judiciary of 1994, indicted several Judges in Nigeria for wrongdoing.  Although the report recommended most of the Judges, including Justice N.S.N Onnogben, then a Judge of the Appeal court , Calabar, Cross River state, for retirement/dismissal, the Judicial review panel headed by Justice Bolarinwa Babalakin gave most of them and Justice Onnogben a clean bill of health, thereby nullifying the recommendations of the Justice Esho panel.  Justice Onnogben was a high court Judge, when the recommendation was made, but was however, promoted to a Judge of the Appeal court.  Again, the Justice Babalakin panel reversed the recommendation by the Justice Esho panel that Justice E.I.D Emeordi of the Delta state Judiciary be dismissed.  This reversal did not go down well with the Delta state government, which eventually retired Justice Emeordi and Justice G.O Akoro. While justifying his retirement, the then Attorney General and...
Read more