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Business & Finance

Emefiele to Meet Bank CEOs Over Sacking

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Barring any last-minute change in plans, the Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, will today (Thursday) meet with Managing Directors and Chief Executive Officers of all the Deposit Money Banks in the country.

The meeting, which is scheduled to hold at the headquarters of the apex bank in Abuja, according to findings, may consider the massive sacking of workers in the banking sector.

A total of about 1,400 workers had so far been sacked between last week and Wednesday by Deposit Money Banks in a move to prune down the number of workforce in the sector.

The PUNCH had last week reported that Ecobank Nigeria sacked over 1,040 of its employees, while Diamond Bank Plc and Skye Bank also disengaged 200 and 175 members of their workforce respectively.

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FBN Holdings, the parent company of First Bank of Nigeria Limited, had recently said it would prune the number of its employees by 1,000.

Following the gale of job losses in the banking sector, the Minister of Labour and Productivity, Dr. Chris Ngige, had on Friday directed the banks to stop further sacking of workers.

Read more: Punch

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