According to a liable source who pleaded anonymous, the reason for the sack ranged from poor performance, right sizing and disciplinary issues.
Meanwhile the 625 staff received their letters of termination since last Friday, 28 April,2017.
Recall that this trend of retrenchment of workers in the financial services sector started in 2016 with Skye Bank sending 175 of its employees into the labour market.
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Again, Ecobank sacked more than 1040 employees with Diamond Bank firing 200 of its workers.
Meanwhile, the Central Bank of Nigeria, continues to rate some of these banks high following the current economy crisis, which has resulted in the reduction of their work force.