Ecobank Disengages 35, Promotes 300

Ecobank Nigeria Plc has sacked about 35 members of its workforce over what it described as underperformance by the affected staffs.

They were said to have performed below expectation. THISDAY learnt that those affected were mostly senior staff members.

Meanwhile, the bank in a statement yesterday announced the promotion of about 300 staffs. It stated that the promotion exercise which affected about 10 per cent of the employees was in line with its commitment to recognising and rewarding excellence and exceptional performance. The promoted staff cut across all cadres of the workforce.

Deputy Managing Director of the bank, Mr. Anthony Okpanachi said the bank remains committed to rewarding excellence and will continue to take appropriate positive action in line with international best practice to sustain excellence in its work force.

He said: “Our people are our precious assets who enable us maintain service quality standards, uphold customer satisfaction and enhance our brand experience.”

The affected staff were selected through an appraisal exercise conducted using an in-house developed performance management system which uses both financial and non-financial metrics to categorize staff.

According to Mr. Okpanachi the same performance parameter used to determine the performance of those promoted, also revealed underperformance of the disengaged workers.

He maintained that Ecobank is an institution where high professional culture and exceptional performance, innovativeness and professionalism are recognised and rewarded.

Ecobank Nigeria is part of the Ecobank Group represented in 36 African countries. The Group employs nearly 19,000 people from 40 different countries.