On Monday, one of Nigeria’s nationalised banks retrenched about 150 of their staffs. Reasons for this act is still unknown to the public.

The retrenchment was done across all the units in the bank and across their branches. Most of the workers still at the bank now live in fear that they don’t know the next step the bank will take and don’t know who will be sacked next.

ASSBIFI- Association of Senior Staff of Banks, Insurance and Financial Institutions also confirmed this mass retrenchment.
Enterprise bank has been having issues before now and they have asked 150 of their workers to resign or else they would be sacked, this was in Feb 2012.

“One of those affected said the retrenchment was without a tangible reason. He also said that the Junior staffs are the one sacrificing their jobs because the salaries of the senior ones could not be reduced,” anonymous person.

Earlier in September, 2013, the Asset Management Corporation of Nigeria (AMCON) had invited interested buyers to purchase the bank.