Ecobank Nigeria Sacks Over 1000 Staff
by Segun Oleniju

Ecobank Nigeria has rendered more than 1000
Nigerians jobless in a new shakeup by the
company. Reports are that at least 1040 people
were sacked by the Pan African Bank.
Ecobank in its defense says it had converted over
200 outsourced personnel to permanent employees
as part of its drive to attract and reward talent,
while also repositioning for improved efficiency.
A statement by the bank’s managing director,
Charles Kie says, “The bank, in its renewed drive
for optimal performance, has in addition realigned
certain roles bank wide to ensure improved
efficiency. This necessitates the exits of some staff
who were adequately compensated.

“This is in furtherance of a market repositioning
exercise designed to strengthen the bank’s
business across all markets where it operates.”
Temporary and permanent staff were affected by
the shakeup.
Diamond Bank recently fired 200 staff and First
Bank Nigeria Holdings has said it would reduce its

workforce by 1000 in coming weeks.