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WORLD / Odd News
Banks told stop using women to lure clients
(Agencies)
Updated: 2007-09-14 11:52
Abuja -- Nigerian banks must stop using attractive women to persuade
customers to open accounts, Senate President David Mark was quoted as
saying in Thursday's newspapers.
Mark said that despite a consolidation of the sector in 2005 that reduced
the number of banks to 25 from 89 and was supposed to make them more
efficient, many banks still used women to attract new business.
"Banks have made it a policy to employ beautiful ladies and give them
targets to meet," Mark said during the inauguration of the new Senate
committee on banking and insurance on Wednesday.
"This is unacceptable and must stop. You ordered the consolidation, so I
think you must do something to stop it," he said, addressing officials of
the central bank.
"We thought that with the consolidation in the banking sector, the banks
will have enough money and capacity to get customers. Why is it that all
these girls are now moving around hustling as if they are looking for
something other than money?"
The consolidation, triggered by the central bank's decision to raise the
minimum capital base for banks twelvefold, has been hailed by the
Nigerian government as one of the major successes of a broader programme
of economic reforms.
Banking stocks have boomed on the Lagos stock market since the
consolidation, but analysts say many of the banks remain weak because
they are reliant on deposits from government agencies and do little
retail business.
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