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RESPITE: CEO`S Of Nigeria Banks Agree To “Reduce” Sacking Of Staffs

Blessing Onwuyali by Blessing Onwuyali
June 10, 2016
in Business News, Spotlight
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Reports suggest that commercial banks in Nigeria have resolved to “reduce” the spate of mass sackings in recent weeks. According to Newspaper reports, this was a result of the meeting held between Commercial Banks and the CBN.

Managing Director of Standard Chartered Bank, Mrs Bola Adesola, who spoke on behalf of other bank chiefs, at a meeting held between CBN and other banks, in Abuja, yesterday, revealed that, banks have decided to reduce the exit rate of bank officials, considering the market sentiments surrounding the recent mass retrenchment of staffs, but will  not hesitate to dismiss fraudulent and corrupt staffs.

 

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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.

 

Tags: CBN NigeriaFinancial Services
Blessing Onwuyali

Blessing Onwuyali

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