Business
Insiders Finger Those Behind Harsh Talks About Polaris Bank As CEO Sonola Digs In
digging deep in his resolve
Sponsors of recent harsh comments against Polaris Bank have been identified.
Insiders label them as those profiting from the limiting old order.
New Chief Executive Officer, Kunle Sonola has started implementing initiatives to put in place the anticipated “new era of sustainable growth”
SocietyNow.Ng gathered that central to achieving this is the need to “eliminate channels of exploitation” and draw up “new goals and objectives.”
It is the opposition to the strategies put in to achieve these set targets that are the cause of the harsh comments an unnamed source stated.
Some aggrieved persons caught on the other side of the new approach to make the bank more profitable, by Sonola and his team, are fingered as behind the harsh comments.
“Some of the Bank’s staff obtained loans and have refused to serve them because of the Bank’s magnanimity. Attempts by the Bank to recoup these monies have seen them shouting blue murder. Indeed, some staff have sorted their case out while others are genuinely working on recovering the loans. Of course, some weak minded staff resorted to sponsoring social media stories to bend the hand of the management of the bank.” a report monitored by SocietyNow.Ng on Highstreet.Ng provided insight into the grouse of some of the aggrieved persons.
Reacting to some of the accusations in the harsh comments by the aggrieved persons, an insider pointed out that regarding allegations of accrued Uber expenses being deducted at a go, Audit revealed an abuse of the process.
Findings reportedly revealed that “some Managers were using Uber on public holidays and unauthorized hours” among other things.
“Of course, what do you expect when new management comes on board, you expect Strategy sessions, meetings, retreats, Monthly and Quarterly reviews to discuss vision, business plans, and performance.” is the response for claims of meeting at ungodly hours.
SocietyNow.Ng gathered that Sonola is digging deep in his resolve to bring achieve better results in the face of this development.
The CEO who took office on Monday, October 24, 2022 – after the purchase of Polaris Bank by Strategic Capital Investment Limited (SCIL) in the same month – is said to be unwavering in blocking revenue leaks, particularly in the loan books.
“Change and Innovation are often frowned upon, but the truth is that Polaris Bank is witnessing its best years in a very long time with this new management” the insider asserted.
Recently listed as significantly improved in the 2022 KPMG Nigeria Banking Industry Customer Experience survey, Polaris Bank continues to get accolades with the leader by kilometers performance of award-winning Digital Bank, VULTe.
