Skye Bank Disregards FG Order, Sacks 175 Workers

According to reports,Skye Bank Plc, has sacked 175 of its employees despite Federal Government warnings. The bank confirmed the development in a statement through which it explained that the affected workers failed the year 2015 appraisal exercise.


The statement explained that a combination of factors was taken into consideration in the annual exercise, which ranged from low productivity to disciplinary issues, adding that the affected employees were duly exited in line with the bank’s staff exit policy.

The statement read in part, “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.”

According to the statement, Skye Bank is adjudged by the Central Bank of Nigeria as one of the systemically important banks with over N1.3tn balance sheet, and has over 400 branches



  1. Even a drunken, clueless fisherman couldn’t destroy this country with the speed APC broom waving witches and wizards used. It has to be a world record

  2. Na wa o, na FG dey pay them salary, wey him dey give order, when environs are not conducive for business, make employer dey pay money from where. FG sit up, you na dey fail us o. Habi na when companies don sack 20,000 people na him you go create 20,000 jobs as you promised? Lie lie don too much sef

  3. Guaranty Trust Bank also sack 80 percent of all her Admin staff! We learnt from a reliable source, that they are in financial mess, that why they are trying to downsize.

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