The House of Representatives is to probe money deposit banks (MDBs) for abusing the rights of their workers by setting unrealistic deposit targets for them.
The lawmakers regretted that when the workers failed to meet the targets, they were usually subjected to harassment, intimidation, demotion and summary dismissal by the management.
The decision of the lawmakers followed the adoption of a motion by Segun Adekola (APC, Lagos), who described the trend as outright breach of the dignity of the human person and of labour. He said it negates the concept of decent work Agenda of the International Labour Organisation (ILO).
He said: “Banks give their employees targets to bring in unrealistic and unattainable irrational deposits ranging from millions to billions of naira, within a time frame ranging from one to six months.
“These banks resort to unethical means to ensure that the targets are met by either explicitly or implicitly encouraging their workers, especially the female ones to engage in indecent behaviours to attract the deposits.
“Many banks are guilty of enslavement through the policy of causalisation of workers without adequate welfare packages, high level of stagnation without promotion, discriminatory practices against female workers, long working hours and vicious dismissal policies.”
In his contribution, House Leader, Femi Gbajabiamila regretted that the unwholesome practices of the banks was defended during a public hearing when a similar bill he sponsored in the last Assembly scaled second reading.
At the hearing, Gbajabiamila said female management workers of some of the banks said female workers were not compelled to ‘solicit’ for deposits.
Saying such practices could not be replicated by the banks that have branches abroad and other banks operating in the country with foreign affiliation, the Minority Leader urged the House to rise up and do something to enforce the dignity of labour.
“Many of the banks have footprints abroad where they cannot engage in such practices, but here, their workers throng the corridors of power, knocking at doors and seeking deposits from clients.
“Women are victims, but we also have young men who are victims too,” he said.
On her part, Nnnena Ukeje (PDP, Abia) said the House may not be able to legislate on the matter, but could appeal to the moral conscience of the banks management on how un-dignifying their policies are since prostitution has different forms.
The Speaker, Yakubu Dogara before putting the motion to vote, appealed to the conscience of the banks while calling for policies to discourage ‘corporate prostitution’ in the country.
The Committee on Banking and Currency was given a month to carry out the investigation and report back to the House.


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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