The Ecobank Nigeria on Wednesday said it has not sacked any of its direct staff contrary to some online reports.
The bank, in a statement, explained that it only terminated third-party services and returned personnel to engaged to their recruitment agencies.
It said some palliatives were put in place to cushion the effects on those affected, including 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.
Ecobank said the gesture showed its concern and compassion for the affected personnel.
“...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.
“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.
“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.
“They are to be absorbed into the system at the end of their training as permanent staff," Ecobank said.
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