The Central Bank Governor, Mr. Godwin Emefiele is expected to meet with the Managing Directors and Chief Executive Officers of all the Deposit Money Banks in the country according to a report from the Punch.
The article claims that the meeting is scheduled to hold at the headquarters of the apex bank in Abuja and is expected to be focussed on the massive sacking of workers in the banking sector.
An unnamed Bank CEO, interviewed explained the reason for the sacking;
“You will recall that the banking sector has been in the spotlight due to the huge loss of jobs by bankers. The reason for this action is obvious when you consider the fact that the banks are no longer making huge profits the way they used to.”
Reports reveal that a total of about 1,400 workers had so far been sacked between last week and Wednesday by Banks. Here is the list according to the Punch;
- Ecobank Nigeria sacked over 1,040
- Diamond Bank Plc disengaged 200
- Skye Bank also disengaged 175 members .
- FBN Holdings, the parent company of First Bank of Nigeria Limited sacked 1,000.
The manner in which the banks have also embarked on some of these mass sack elicits some form of curiosity. Typically banks do are coy at announcing mass sackings choosing to suppress any form of suspicion of ill-heath or labour union picketing. This time around, Banks are quick to issue press releases confirming the sackings and the reasons suggesting that they might be sending a stark message to the Government that its current economic policies are hurting their operations.
