ACCESS BANK SACKS 1,500 INTERCONTINENTAL BANK STAFF

ACCESS BANK SACKS 1,500 INTERCONTINENTAL BANK STAFF

Niyi Tabiti
Several branches of Intercontinental Bank that have been tagged ‘not performing’ has been shut down by Access Bank, the new owners of the bank just as over one thousand staff of the same bank  lost their jobs. Gistmaster gathered some of the braches of Intercontinental Bank shut down by Access Bank includes the one at Ikeja, Ibafo and Akute.Austin Edoja, the
corporate affairs manger of Access Bank confirmed the new development.
Already, close to two thousand staff of Intercontinental bank has been sacked. However, we gathered that this just the first batch. Sources told gistmaster that Access Bank also plan to sack thousands of others soon.
Intercontinental Bank was hit by massive low patronage after the Central Bank of Nigeria indicted the erstwhile Managing Director of the Bank, Erastus Akingbola and other directors of fraudulent practices.

5 Responses to "ACCESS BANK SACKS 1,500 INTERCONTINENTAL BANK STAFF"

  1. Catherine   January 30, 2012 at 1:10 pm

    The merger process was transparent. We all could see that Intercontinental Bank lost a lot of customers since Erastus' issue came up. I beleive this merger is in the best interest of Both existing customers and investors. Frankly i do not expect Access bank to retain all intercontinental bank staff members. The corporate culture and standard of the company must be upheld and retained.

    Reply
  2. Abbas Jonathan   January 30, 2012 at 1:15 pm

    Business sustainability is the fundamental thing here. I dont want to loose out of my investment in intercontinental bank simply because staff member are pitied. If all it takes to get the bank not make investors like us regret is to sack, i think it is neccessary. I also for sure know that an appraisal test was conducted for the staff. People should embrace skill acquisition.

    Reply
  3. Dare John Esq   January 30, 2012 at 1:20 pm

    Keeping the current structure on Intercontinental bank might be a mistake. If the staff are trainable, i think they should be trained. But if the arent the should be sacked. I guess the cost of training over 5000 staff members is a big one. My take is that the current structure of Intercontinental bank cannot sustain the bank and if Access bank doesnt take critical steps, they might regret this merger

    Reply
  4. Uwa   January 30, 2012 at 5:45 pm

    Why the sack at this time of the year.People who have just finished going through hell because of the fuel subsidy removal.
    Can u believe that the same Access Bank that is owing Intercontinental bank purchased the same bank???i have never heard of this kind of a thing before except in Nigeria.
    We all know that Aigboje's plan is to show his super-banking skills to lubricate his chances of becoming the next CBN governor. He is over ambitious.Uselss people

    Reply
  5. Dare John Esq   February 8, 2012 at 3:38 pm

    This issue to a layman is rather personal. Professionally access bank did nothing wrong. Banking job at large is bullshit.. People should embrace skill acquisition and entrepreneurship rather than kill yourself to retain a job

    Reply

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