Chike is a top management employee of a bank. He owns a house in Victoria Garden City and travels abroad with his family every year on summer vacation. He drives a Range Rover Sports while his wife drives a Honda Pilot and owns a shop at Ikota Shopping Complex. The shop is just to keep her busy so that she gets to leave the house in-between school runs. Their kids attend one of the most expensive schools in the Lekki area. In addition to a good pay package, Chike had access to staff loans at single digit interest rates. He was the shining light of his extended family. Then the unimaginable happened! The consolidation party ended and in came Lamido Sanusi as the new Governor of the Central Bank of Nigeria. His Managing Director was fired and sent to jail.
The devil’s alternative
Overnight, the future did not look as bright as before. Soon, his bank was acquired by another bank. Chike was called in by the new management and given a choice – the devil’s alternative as he called it. Take your benefits and leave or forfeit your benefits and start as a new hire with new conditions of service.
Chike was raving mad when he came to meet me for advice. He wanted to call it a day.
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