Agribank introduces whistleblower platform
17 September 2021 | Banking
Agribank has introduced an anonymous whistleblower platform where unethical, corrupt or fraudulent activities can be reported by staff, the public and other stakeholders.
The introduction of the whistleblower platform is intended to provide overall guidance for reporting concerns or wrongdoings and to further encourage staff, customers and all other stakeholders to raise concerns within Agribank rather than overlooking the problem or reporting such concerns through inappropriate channels.
Agribank public relations officer Fillemon Nangonya said the bank is committed to the highest standards of ethical, moral and legal business conduct.
“Agribank regards ethical business behaviour to be the responsibility of every person in the bank and it is reflected not only in our relationships with each other but also with our customers, suppliers, shareholders and other stakeholders.”
Agribank’s code of ethics and related corporate policies are key components of its commitment to high standard of business and personal ethics in the conduct of its business, said Nangonya.
He said offences such as fraud, bribery, corruption, theft and receipt of facilitation payments can be reported.
Misuse of company property and damage to company property can also be reported.
“Users of the bank’s whistleblowing reporting platform must act in good faith and are therefore encouraged not to make false accusations when reporting any concerns,” said Nangonya.
He stressed that any employee who knowingly or recklessly makes false or misleading statements may be subjected to disciplinary action as per the disciplinary code and procedure of Agribank.
Furthermore, members of the public or stakeholders of Agribank who report unfounded accusations to tarnish the image or brand of the bank will be reported to the relevant authorities.
He added that members of the public or stakeholders have the choice to report an incident anonymously, and the identity of such a person will always be protected.