JUST IN: Heritage Bank’s Head Office Shut Down Over Sack Of Over 1,000 Staff

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), has shut down Heritage Bank’s head office in Lagos following the sack of over 1000 personnel by the management of lender led by Mr. Akinola George-Taylor without following due process, THE WITNESS reports.

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The union said it had resolved to continue with the picketing until the management of the bank decides to do the needful by ensuring the sacked workers get their legitimate severance package.

The aggrieved ex-staff of the bank have locked the gate and prevented anyone from going in or out of the bank’s head office located at 143 Ahmadu Bello Way, Victoria Island, Lagos.

Recall, THE WITNESS had exclusively reported in October 2023 that in less than one year after assuming office as Heritage Bank’s chief executive officer, Mr. Akinola George-Taylor forcefully booted out over 70 senior staff members of the bank, while a number of others were asked to resign plunging the bank in further crisis. More worrisome was the fact that the affected staff were disengaged without paying them their accrued entitlements and allowances.

THE WITNESS had also reported that the internal crisis allegedly instigated by the bank chief was in an attempt to rid the bank of those suspected to be loyalists of some board members, and employ his own people. The move, sources disclosed, were unconnected with the new bank chief’s plan to oust some board members who are said to be at loggerheads with him, from the bank. The bank’s chief was said to be enjoying the support of a top shareholder of the bank whom sources say is allegedly determined to solely take over the bank and get rid of the owners.

When contacted by our reporter, Ozenna Utulu, the head of Corporate Communications of Heritage Bank promised to get back to our reporter but never did as at the time of filing this report.

More to come…

SOURCE: THE WITNESS NG