Business
Enterprise Bank Sacks 150 Workers

Representative of the President, Chief Mike Onolememen (left), being congratulated by the President, Architects Registration Council of Nigeria, Mr Umaru Aliyu (right), at the 53rd General Assembly Conference of Nigerian Institute of Architects in Abuja, recently. With them are Minister of Mines and Solid Minerals, Mr Musa Sada (2nd right), and 24th President, Nigerian Institute of Architects, Mr Ibrahim Haruna.
Enterprise Bank Limited, one of the nationalised banks, has retrenched about 150 workers.
Checks by The Tide source last Monday showed that the affected workers were part of the 250 employees nationwide pencilled down for rationalisation.
Sources close to the bank told reporters that the sacking caught across all units of the bank.
At some of the branches on the Lagos Island, workers who confirmed the rationalisation, said that fear and apprehension had enveloped workers in most of the branches.
He said that the bulk of them were living in fear as the management could call on anybody to resign.
Efforts by reporters to confirm the reasons for the retrenchment from the banks’ management proved abortive.
The Association of Senor Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has confirmed the mass sack.
Mr. Emma Ilodianya, one of ASSBIFI secretaries, said that fractionalisation of the union was affecting the urgent resolution of the crisis in Enterprise Bank.
“The bank’s workers belong to a faction of the ASSBIFI that is affiliated to Trade Union Congress, while our own faction belongs to the Nigeria Labour Congress.
“I can only confirm to you that 250 workers were sacked by the bank, but we are not handling the issue from this end,” Ilodianya said.
One of the affected workers, who spoke to reporters on the condition of anonymity, said he was retrenched without any tangible reason.
He said that the management was sacrificing junior workers because of their refusal to reduce their salaries.
Reports say that Enterprise Bank had on February 14, 2012, asked 150 of its workers to resign or face sacking without any reason.
The Assets Management Corporation of Nigeria (AMCON) had earlier in September, 2013 invited interested buyers to acquire 100 per cent stake in the bank.
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