The Untold Story of How Ruthless NCBA Executives Are Pushing Loyal Employees to the Brink with Brutal Policies
A sales employee at NCBA Bank expressed discontent over unfair treatment within the institution where annual contracts are being used to deny long-term job security.
The source informed us that even after consistently surpassing performance targets, employee reports are repeatedly denied permanent positions.
A newly hired senior director has allegedly worsened the situation by drastically reducing commissions, increasing targets and hiring new salespeople who have led to excessive competition.
The employee also mentions issues of workplace harassment of sexual nature, lack of medical benefits and an environment where grievances are silenced hence creating widespread mental health challenges among staff.
“Hello, Kindly hide my ID. I would like you to highlight an issue with SALES EMPLOYEES of NCBA BANK K PLC. I am one of the employees there serving my 7th contract at the institution. We have been subjected to annual contracts, and renewal is subject to satisfactory performance. I have surpassed my targets every year, applied for several permanent positions and attended multiple interviews only to receive regret letters. The permanent positions are given to specific people and we are even forced to train them to adapt to their new working environment. Recently they hired a senior retail deputy director from Equity who has come to implement the dubious policies he applied there. First he slashed our commissions by three times and increased our targets by almost twice. Mind you, the initial targets were not easy to meet and now we are left scrambling for the minimal market share available. He has also shown nepotism and favoritism by hiring an additional 300 salespeople into roles that now compete for business with us. This has led some of us to sink into depression and mental illnesses as this was our main source of income. The management is mum and acts like nothing is happening while the salespeople are humiliated. We are not given medical covers, loans or bonuses and unwanted advances at the workplace are the order of the day. There is no way to raise our grievances as the bosses have been silenced. My colleagues contracts were recently terminated and others given threats as we are planning a mini protest internally. Please highlight this and copy the GMD so they can do something and hear our cry before things blow up.”
“there are allegations that NCBA executives are implementing harsh policies, including stringent attendance rules, restrictions on leave even in emergencies, and pressuring employees to resign or accept significantly reduced salaries, which are pushing loyal employees to their limits. These actions are perceived as an attempt to replace experienced staff with cheaper, less benefits demanding labor, reflecting a broader corporate strategy criticized for exploiting workers.”
NCBA Bank’s Hand In Fake Fertilizer Scam
Documents tabled by the prosecution in the court indicated that the firm, 51 Capital owned by controversial businessman with a criminal past Joe Kariuki used fake documents in almost all its transactions that saw it being paid Sh 206.2 million in a deal that left farmers with heavy losses.
It emerged that he used the Kenyatta’s owned bank -NCBA to defraud farmers and consequently launder money like in the NYS saga.
Details emerged how National Cereals and Produce Board (NCPB) top officials conspired with a Joe Kariuki to supply farmers with an ingredient used to reduce high acidity in the soil in the disguise of providing them with fertilizer.
Reports also indicated that those behind the scheme, bought the soil conditioner, scientifically known as diatomaceous at Sh 200 per a kilogramme and sold it to NCPB at Sh1700 , making an impeccable profit.
A total of 106,000 bags of diatomaceous 25 kg each (soil conditioner) were supplied to NCPB with 51 Capital being paid Sh 205, 222,000 through its account number 4746630018, NCBA bank, Prestige branch through Swift Code CBAFKENXXXX.
According to the documents, 51 Capital entered into a contract with NCPB on March 31, 2022 so supply to the cereals board among other items, animal supplements, GPC Guard and Diatomaceous.
Suspended NCPB Managing Director Joseph M. Kimote and Corporation Secretary J.K Ngetich signed the contract behalf of the parastatal while Josiah Kimani Kariuki, the director at 51 Capital signed on behalf of the private entity. A Mr Abraham G. Wanjiru signed the document as a witness.
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