Are Nigerian Banks Committing Crimes Against Humanity?

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October 01, 2012 /by Ahmed Sule and Three Anonymous Bankers 
 



 

Related News/Articles: 

1.    Are Nigerian Banks Committing Crimes Against Humanity?

2.    The Case for Human Dignity/Rights in the Nigerian Banking Environment

3.    Human Rights, Crimes against Humanity & the Nigerian Legal Framework

4.    Human Rights Violations in the Nigerian Banking Sector

5.    Impact of Crimes against Humanity in the Nigerian Banking Sector

6.    Banking & Human Rights – Steps Needed in Nigeria 


Executive Summary 

The banking sector has played an important role in the Nigerian economy.
 

However, despite all the good done by our banks, there has been a disturbing trend within the sector i.e. many banks have been committing gross human rights violations against its employees. 


The paper - Are Nigerian Banks Committing Crimes Against Humanity? - explores the prevalence of crimes against humanity in the Nigerian banking sector. Since your firm acts as auditors/consultants to many of the Nigerian banks, we think it is important that you are informed about what is going on in the sector from a human rights perspective. The ongoing gross human rights violation has the potential to impact your client’s financials in the event of a class action by aggrieved employees.
 

The Universal Declaration of Human Rights (UDHR) and the Nigerian Constitution promotes the dignity of human beings, however, this principle has been contravened by the sector.
 

There are various forms in which the rights of bank employees have been trampled upon in our Nigerian banks. The human rights violations can be classified into the following five categories:

• Unrealistic, Unreasonable and Unattainable Targets

• Degradation of Employees’ Dignity

• Discriminatory Practices Against Women

• Exploitative Working Hours

• Vicious Dismissal Policies
 

The human rights abuse occurring in the Nigerian banking sector has resulted in the following negative impact:

• Staff health has been jeopardized

• Family breakdown

• Negative view of bank employees by the public

• Discouragement of future generations

• Economic loss for banks, shareholders and the economy

• Bankers have been forced to engage with people whom they would not normally associate with
 

Going forward, the banks, the Federal Government of Nigeria, the United Nations and its agencies, the Central Bank of Nigeria and the general public all have a role to play in making crimes against humanity a thing of the past in the Nigerian banking sector.
 

Related News/Articles:

 

·        Are Nigerian Banks Committing Crimes Against Humanity?

·        The Case for Human Dignity/Rights in the Nigerian Banking Environment

·        Human Rights, Crimes against Humanity & the Nigerian Legal Framework

·        Human Rights Violations in the Nigerian Banking Sector

·        Impact of Crimes against Humanity in the Nigerian Banking Sector

·        Banking & Human Rights – Steps Needed in Nigeria
 

Disclaimer/Advice to Readers:
While the website is checked for accuracy, we are not liable for any incorrect information included. The details of this publication should not be construed as an investment advice by the author/analyst or the publishers/Proshare. Proshare Limited, its employees, contributors and analysts accept no liability for any loss arising from the use of this information. All opinions on this page/site constitute the authors best estimate judgement as of the publication date and are subject to change without notice. Investors should see the content of this page as merely one of the factors to consider in making their investment decision. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions and judgement. This contribution is published without malice or bias; and with the consent of the author(s) for circulation to its online investment community in accordance with the terms of usage. Further enquiries should be directed to the author Ahmed Sule, CFA at
suleaos@gmail.com 

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