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Access Bank sacks over 300 workers against CBN’s directive: Report

*Report alleges the Nigerian commercial bank has been using electronic means of communication (e-mail) to notify the affected bankers of their disengagement from its services

Web Editor | ÂÌñÏׯÞ

Access Bank Plc, has sacked over 300 staff across its branches in Nigeria, in contravention of the earlier directive of the Central Bank of Nigeria (CBN) not to disengage personnel.

Most of the affected workers were contract staff, who had put in a good number of years in the organisation, report stated.

A source, who craved anonymity, said the bank had been using electronic means of communication (e-mail) to notify the affected bank’s staff.

In respect of the affected number of staff, the source reportedly noted that it was difficult to know, as the bank ensured the sack notices were not dispatched simultaneously.

It was gathered that another commercial bank in the West African country August 2021 sacked over 200 junior staff who had spent up to 10 years in the banking organisation.

Meanwhile, experts have said that moves by banks to disengage workers would further compound the disturbing rate of unemployment in Nigeria.

The National Bureau of Statistics (NBS) in a report published on the first quarter of 2021, revealed that Nigeria’s unemployment rate had risen from 27.1 percent in the second quarter of 2020, to 33 percent.

It is also recalled that the commercial bank was enmeshed in financial fraud scandal involving Flutterwave recently.

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