However, as stated in the Government White Paper on the recommendation of the Ministerial Committee, other factors aide from government inactivity, contributed largely to the demise of the bank.
Some of the findings in this respect are as follows: A cross section of Nigerian University graduates Some of the findings A total of 225 number of staff were verified to be on payroll of the bank extant civil servant rules and procedures were observed not to have been followed in the appointment/transfer/secondment, promotion, confirmation and discipline of some of the staff of the bank. Some staff were abysmally stagnated for too long. A total of 49, current pensioners; 17 referred pensioners and 6 classified as pensioners outside unified Pension Scheme were verified.
