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Business & Finance

Ecobank Fires 50 Top Managers

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Ecobank Nigeria Plc has sacked 50 top managers of the bank.

The rank of those sacked ranged from Assistant General Manager, Deputy General Manager and above whose monthly salaries range between N1 million and N2 million.

The affected top management staff of the bank were handed their sack letters from the bank’s head office in Victoria Island, Lagos, Southwest Nigeria on Tuesday.

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The bank has been going through tough time as a result of crippling economy, occasioned by dwindling oil prices and the crumbling of the naira to dollar according a bank source.

The source said the bank had been undergoing restructuring in recent times in trying to survive in a fast collapsing Nigeria economy.

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