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Banks agree to halt mass sack

By Emma Ujah, Abuja Bureau Chief
Bank workers, who have been apprehensive over the retrenchment gale in sector, can now heave a sigh of relief, as Deposit Money Banks, under the aegis of Bankers Committee have agreed to halt further mass sack in the industry.

The decision was announced at the end of the 327th Bankers Committee meeting in Abuja, Thursday.

Mrs. Tokunbo Martins, CBN Director of Banking Supervision; Mrs. Bola Adesola, Managing Director of Standard Chartered Bank; Mr. Philip Odozua, retiring Managing Director of UBA; Mr. Emeka Emuwa, Managing Director of Union Bank and Mr. Isaac Okoroafor, Acting Director of Communications of the CBN, briefed the press on the outcome of the meeting.


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