As discussed yesterday, the casualisation of bank staff is one of the major reasons for the continuous fraud in the banks.

Another reason is the poor welfare of these staff and the unequal treatment with other core staff.

Another reason is the the lack of water-tight control system. A staff that is on contract and left on a particular desk for too long or left in a particular branch for too long can eventually be so used to the system and beat the control measures once there is an opportunity to do so and commit fraud.

Suffice it to say that, a lot of frauds are going on not reported by the banks, they are handled by the Internal Control Unit.

If you learnt anything from this, kindly share with someone out there.

Dr. Emmanuel Idenyi Shaibu
animn, ace, f.hcd, f.dss, m.frcn, fimc, cmc, cms, FAiPA, DPA
The Millennium Entrepreneur

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