Fraud: Financial institutions’ staff to adopt whistle blowing


Following growing complaints by customers of financial institutions especially banks as well as fraud reports from the regulatory authorities, senior officers of the sector under the umbrella trade union, the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) may have begun the process of deploying whistle blowing windows in addressing the issues.

Disclosing this at an interactive session with stakeholders in the financial sector, National President, ASSIBIFI, Mrs. Oyinkan Olasanoye, said, “We will be entrenching sound corporate governance practice in our various institutions, as well as utilizing the window of whistle blowing in addressing issues of concern in the financial sector on fraudulent activities.”

She said the association would be pushing for industrial peace and harmony while creating a well-developed, disciplined and responsive workforce that will increase individual productivity and that of the organization.

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