By Uzoma Akobundu
Ecobank Nigeria has given reasons for rationalising its personnel recently.
The bank said in a statement on Thursday denied it sacked the personnel as the rationalisation affords the personnel the opportunity to key into palliatives that would be beneficial to them.
The palliatives, Ecobank said, runs into billions of naira.
The statement read: “In addition, the bank has offered them the opportunity to become Xpress point agents of Ecobank Nigeria 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 said the palliatives showed the demonstration of Ecobank Nigeria’s concern for the affected personnel.