Nigeria Ecobank Plc in a statement on Wednesday, debunked negative message spreading on social media, that it sacked about 1200 members of its workforce. According to the Bank, it only decided not to renew the contracts it had with its third-party recruitment agencies after the expiration.
Similarly, the Pan African Bank noted that “As a demonstration of the bank’s concern and compassion for the affected personnel of our contractors, palliative measures were put in place by the bank to cushion the effect on them.
“These include payment of contract cessation packages of over half a billion Naira already paid through their employers as well as opportunity given to those with requisite qualification to apply to the bank for permanent employment.
“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.”