Ten banks pay 143 executives N7.6bn in 2015

The executives of ten banks gathered N7.6 billion as expenses and remittances in 2015, speaking to 1.58 percent of the banks' gainfulness amid the year. 

The ten banks are Guaranty Trust Bank, Zenith bank, Access Bank, FirstBank, UBA,
Union Bank, Diamond Bank, Sterling Bank, Fidelity and Wema Bank. 

Investigation of budgetary articulations of the banks for the 2015 monetary year, uncover that the ten banks expanded aggregate cash paid to 143 chiefs by 11 percent or N742 million, from N6.84 billion in 2014 to N7.58 billion in 2015. 

The sum paid to the executives speaks to 1.58 percent of the benefit before assessment of the ten banks, which remained at N480 billion in 2015. The sum paid to the chiefs likewise spoke to 2.0 percent of aggregate staff pay rates (work force cost) in the ten banks. 

Further examination uncovers lacking exposures identifying with executives pay, expenses and remittances to board administrators, and compensations of CEOs. For instance, Wema Bank did not indicate sum paid as pay to official executives, while Access Bank and Sterling Bank neglected to reveal cash paid to their administrators and CEOs.