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Silenced in plain sight…Pitiful fate of deputy bank MDs

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Silenced in plain sight…Pitiful fate of deputy bank MDs

Silenced in plain sight…Pitiful fate of deputy bank MDs
December 01
09:16 2016

• Why bankers prefer to be an ordinary Branch Manager than a Deputy Managing Director

There is a stink in the banking sector. It wafts from the habits and distended bulks of Nigerian bank chiefs. The incumbent banks’ DMDs have been cast in a bind and turned into ordinary ceremonial figureheads whose chief duties has been to rubber-stamp the banking Czars’ decisions while carrying out their will, albeit grudgingly.

Very close sources to each of the affected bank DMDs revealed that the latter are not always happy and walk around like a cloud of doom.

Life is a drag to many deputy bank chiefs, in Nigeria. They are the negligible indices in the scheme of things. The quiet characters whose industry and worth are forever smothered in the raucous din of over-celebrated and publicity-hungry superiors. Thus the title: Deputy Managing Director (DMD), rankles many deputy bank chiefs, like rusty handcuffs on the wrists of severely misunderstood and underappreciated patriots. Like most deputy governors in Nigeria, Deputy Managing Directors of banks are not known.

They are mere figure heads. People don’t reckon with them. Thus they are always quiet. Their superiors always take the shine off them. It’s really sad. No wonder some people would  say it’s better to be a branch manager than to be the DMD of a bank. Have you heard about the DMD of Skye Bank, FCMB, GTBank, Wema Bank, First Bank, Diamond bank before? Certainly not! This is because they are kept as stooges or Personal Assistants to the Managing Director in every bank.

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