Home / Daily News / 280 Staff of MTN sacked while Eco bank shuts down 74 branches nationwide

280 Staff of MTN sacked while Eco bank shuts down 74 branches nationwide

MTN Nigeria said it had to disengage 280 staff because it wanted to delve into full Information and Communication Technology (ICT) and digital operations.

The disengagement of some members of the staff was as a result of  Voluntary Severance Scheme (VSS), urging staff to apply for voluntary disengagement. This was introduced by the Service Provider as the company wanted to adopt a new dynamics in telecommunication.

The members of staff who opted for the VSS were 200 and then, 80 members were laid off. But the entire staff were highly and compensated.



Ecobank Nigeria has announced that 74 of its branches have been merged.

It said staff from the merged branches would be deployed to other projects.

Managing Director of the bank, Charles Kie, said the bank hoped to shift its activities to digital channels and improve customers’ experience at reduced cost.

This, he said, also supports the bank’s financial inclusion strategy and the cashless policy of the Central Bank of Nigeria.

Kie said, “After a detailed analysis of the physical network of branches needed to serve our customers, the decision was made by the Ecobank Nigeria board, and approved by the Central Bank of Nigeria, to optimize 74 out of its 479 branches.”

The statement failed to touch on Thursday’s reports that the bank had terminated the appointment of about 50 top personnel staff.

“We are deploying staff and other resources from the merged branches to other ongoing projects, while also strengthening the existing branches to make them more resourceful and up to speed in their daily activities,” he added.



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