ZENITH BANK’S ALLEGED DUBIOUS PAYMENT OF PRODUCTIVITY BONUS EXPOSES FRAUD IN BANK

Trail Reporters

Findings by Trail Reporters, shows that, the last may not have been heard of the internal crisis rocking Zenith Bank, as details of alleged fraud in the bank emerges.

We gathered that, the network issues which the bank had experienced last month, where transactions of Customers were stalled, was as a result of the resignation of Zenith Bank’s Information Technology Officer.

Sources who spoke with Trail Reporters, said, the bank’s platform was completely shut down, as a result of non payment of productivity bonus, which the bank shares to its staffers annually, which is always paid based on the bank’s productivity assessment.

Our Medium gathered that, the productivity bonus, is captured in the appointment letters of staff, at the point of employment, of which they have been receiving the profit bonus, based on the performance of the branch where a staff works, until recently.

One of the staffers said, this money boosts the morale of any banker to work harder in the presiding year, and it is dependent on the performance of each branch, some of us used to get about two million naira and so on. But all these came to an end when Peter Amangbo became the MD/CEO of the bank.

Another source alleged that, since 2015, when Amangbo came on board as the MD, a form of confidentiality was served on all staff.

The bank compelled the staff to sign an agreement not to disclose any information to anyone.

But in early April, 2021, the bank paid PS to selected staff, most of them kept mute without telling any of their colleagues.

The PS is now for the friends and allies of Senior Directors and Zonal Managers.

We also learnt that, staff of Zenith Bank now exhibit lukewarm attitude towards their official duties, which had resulted to much queues and system collapse in the banking halls, the source stated.

Staff morale is completely down, due to select bonus payment made to some, while others are exempted because they have no one to speak for them, a staff told Trail Reporters.

When contacted by Trail Reporters, Head of Corporate Communications, Zenith Bank, Sunday Enebeli, did not respond to sms sent to his number 0704 0002*** as at the time of filing this report.

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