Following reports that the bank relieved not less than 500 staff of their duties, a top official of the bank, on Monday, said that the First City Monument Bank (FCMB) did not sack 500 but 150 staff.
The official, who pleaded anonymity, told the News Agency of Nigeria (NAN) in Lagos that the workers who were relieved of their duties on January 19, represented five per cent of the bank’s 3,000 workforce.
He said the bank had also employed some new staff to replace some of those sacked.
According to the official, the affected workers were found to have under-performed during the bank’s review of activities of its staff, adding that the development was not peculiar to FCMB, as some other banks had done same recently.
The official further attributed the sack to the economic downturn of the country due to weak prices of global commodities.