Nationalised banks reassure workers of job security

On August 29, 2011 · In News
2:34 pm

Lagos-(NAN) The management of Mainstreet Bank and Enterprise Bank, two of the banks which licences were recently revoked by the Central Bank of Nigeria (CBN), have reassured their workers of job security.

They gave the assurance in separate interviews with the News Agency of Nigeria (NAN) in Lagos.

NAN reports that members of staff of the nationalised banks have been asked to fill bio-data forms to indicate their interests in the new banks.

Some of them, who spoke on condition of anonymity, said that the process had been on since Aug. 15.

They said they were afraid that the exercise might be a prelude to the termination of their appointments.

Mr Moshood Isamotu, Head, Corporate Affairs Department, Mainstreet Bank Ltd,  formerly Afribank, said that the purpose of the forms was to get the necessary data from members of staff.

According to him, filling of the forms is a uniform process among the workers of the affected banks.

Isamotu said that the forms were necessitated because of the new management put in place in the bank.

“The form is for the transfer of our staff from the former Afribank to Mainstreet Bank.

“Also, this shows that Afribank is technically dead,” Isamotu said.

Also commenting, Mr Igwe Igwe, Head, Corporate Affairs Department of the Enterprise Bank Ltd, formerly Spring Bank Plc, assured the workers that there would be no job losses.

Igee said that the management of the bank was already working on how to repackage the bank, adding that the issue of sacking workers did not arise.

NAN reports that the CBN had on Aug. 5 revoked the licences of the three commercial banks, Afribank, Bank PHB and Spring Bank.

The banks were handed over to the Nigeria Deposit Insurance Corporation (NDIC) which created three bridge banks: Mainstreet Bank, Keystone Bank and Enterprise Bank, respectively to assume the assets and liabilities of the three banks

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