Skye Bank fires 200 Workers Despite FG Directive

Skye Bank has barely a day after the government issued a directive to banks to stop sacking workers, sacked around 200 Staff members.

Due to the state of the economy, a lot of banks had been sacking employees as a way to keep themselves stable. This has led to over 5000 jobs lost in less than 2 months. The government stepped in to intervene, directing that banks were to stop sacking staff members.


Skye Bank apparently flouted this order but came forward with a robust defense stating that those sacked failed their 2015 appraisal exercise.

The statement read, “The staff disengagement exercise is coming a year after the bank’s successful integration with the erstwhile Mainstreet Bank, which it acquired in October 2014; the integration exercise described by analysts as a landmark in Nigeria’s banking industry has significantly improved Skye Bank’s ICT capacity and helped strengthen the bank’s service delivery,”  

‘The bank extended its appreciation to the affected staff for serving the bank, describing them as members of the family who will always be accorded deserving respect in their future dealings with the bank.”