The Association of Senior Staff of Banks, Insurance and Financial Institutions is set to drag the Management of Ecobank Plc to court over the recent sack of its members working with the bank. According to a statement issued by the union, the Bank Management will be dragged to court for failure to pay severance packages to the affected disengaged staff.

The union said its members were disengaged by the bank through exercise referred to as non-performance exit without appropriate stipulated procedures in accordance with the extant labour law.

The union said the bank had refused to pay the sacked workers their entitlements and two months salary in lieu of notice as stipulated in the conditions of service. The leadership of the union said the bank management was advised to apply the criteria used in the previous exercise for the affected staff since both exercises are based on non-performance evaluation.

The union said the bank has allegedly refused rather insisting on recalling the affected disengaged staff than pay them off.

The statement further stated that  the union have had series of meetings with the management of the bank to mediate and resolve the crisis all to no avails.

However, The Tide reliably learnt that the management of the bank is insisting not paying any of the affected staff severance packages because they are consistent non performers by the bank’s evaluation and appraisal methodology.

The Tide was further told by a reliable source within the Ecobank Port Harcourt main office that the disengaged staff were not affected by redundancy but they consistence non performance evaluation by the management of the bank.