Ecobank Nigeria has denied sacking direct staff contrary to reports in some media platforms (Qed.ng not inclusive).
The bank said in a statement on Thursday that it only terminated third-party services and returned personnel so engaged to their recruitment agencies.
It said that some palliatives were put in place to cushion the effects on those affected.
According to the bank, these include payment of contract cessation packages of over half a billion naira as well as opportunity given to those with requisite qualifications to apply for permanent employment.
It said that the gesture showed the demonstration of the bank’s concern and compassion for the affected personnel.
“In addition, the bank has offered them the opportunity to become Xpress point agents of Ecobank as a way of further providing them entrepreneurial and financial empowerment.
“May we state that Ecobank is not obligated to renew its contract with the service providers involved.
“As part of the bank’s business strategy, Ecobank Nigeria is investing in the employment of full-time graduates.
“Over 300 graduates are currently undergoing training at the bank’s state-of-the-art academy recently accredited by the Chartered Institute of Bankers of Nigeria.
“They are to be absorbed into the system at the end of their training as permanent staff,” the bank’s statement said.
