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LequteMan
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Nigeria - Employees of Mainstreet bank are reportedly gripped with panic over the sack axe hanging over their heads as top managers of the institution has been asked to leave by its new owners.
Skye bank had in 2011 acquired Mainstreet Bank from the Asset Management Corporation of Nigeria, AMCON for an amount of N126m, The New Telegraph reports.
Reports say the sacked staff which include General Managers (GM), Deputy General Managers (DGMs) and Assistant General Managers (AGMs) were hired by the former Group Managing Director/Chief Executive Officer (DGMD/CEO) of Mainstreet Bank, Ms. Faith Tuedor-Matthews.
Also affected in the exercise said to be ongoing are the General Manager/ Chief Risk Officer of the bank, Mr Kevin Ugwuoke, Deputy General Manager/ Credit Risk Manager, Mr Patrick Modilim, General Manager/Chief Financial Officer, Mr Ebenezer Kolawole and the Head, Human Resources, Salome Garba.
Only two top officials in Tuedor-Matthews’ team were spared (AGM in charge of IT and GM in charge of Operations) obviously because of the strategic positions they occupy.
Sources within Mainstreet Bank told our correspondent that the manner in which the disengaged staff were informed that their services were no longer needed had made most of the bank’s workers to be worried about the safety of their jobs.
#Skye #Mainstreet #Nigeria
Skye bank had in 2011 acquired Mainstreet Bank from the Asset Management Corporation of Nigeria, AMCON for an amount of N126m, The New Telegraph reports.
Reports say the sacked staff which include General Managers (GM), Deputy General Managers (DGMs) and Assistant General Managers (AGMs) were hired by the former Group Managing Director/Chief Executive Officer (DGMD/CEO) of Mainstreet Bank, Ms. Faith Tuedor-Matthews.
Also affected in the exercise said to be ongoing are the General Manager/ Chief Risk Officer of the bank, Mr Kevin Ugwuoke, Deputy General Manager/ Credit Risk Manager, Mr Patrick Modilim, General Manager/Chief Financial Officer, Mr Ebenezer Kolawole and the Head, Human Resources, Salome Garba.
Only two top officials in Tuedor-Matthews’ team were spared (AGM in charge of IT and GM in charge of Operations) obviously because of the strategic positions they occupy.
Sources within Mainstreet Bank told our correspondent that the manner in which the disengaged staff were informed that their services were no longer needed had made most of the bank’s workers to be worried about the safety of their jobs.
#Skye #Mainstreet #Nigeria
