The mass sacking of personnel from various banks in
Nigeria has in recent time stirred panic in the hearts of
many Nigerians, especially the young ones graduating
daily from various higher institutions across the
What is the way forward for the sacked professionals?
An economic melt-down has been blamed for the mass
sacking of bank staff, a development which has caused very
heated debates at various levels, causing many to doubt the
possibility of a future for young Nigerian professionals.
It is no news that Nigeria has so many youths (graduates)
loitering the streets, with hopelessness boldly written on
their faces. However, even as the hardship struck hard at
the Nigerian economy, three banks were outstanding in the
sense that they did not lay off staff, a feat which many of
our new generation banks must strive to attain.
Below are the top three outstanding Nigerian banks which
did not lay off their staff in troves. It is remarkable to note
this because so many lives were destroyed, families broken
due to the massive retrenchment of the times.
3. Guaranty Trust Bank
Having clinched the African Banker Award for innovation in
2016 under the leadership of Mr Segun Agbaje, Guaranty
Trust Bank (GTB) has kept a very good record. Beyond
bringing simple banking for every Nigerian regardless of
class, GTB has kept in line with their principle of being an
employer of choice which goes beyond the regular pay
GTB within the year in focus was one of the leading banks in
terms of training and mentoring staff. Leveraging
advancements in technology to pioneer innovative
products, there is no doubt that their rapidly growing
customer base has help them to keep and nurture their
staff even in the face of a dying economy.
2. Zenith Bank Plc
With over 500 branches and business offices in prime
commercial centres in all states of the federation and the
Federal Capital Territory (FCT), there is no doubt that Zenith
Bank is one of the largest in Africa. But being large is not all
it takes in the banking industry; hence Zenith has continued
to grow operating on a culture of excellence and strict
adherence to global best practices.
Having grown its shareholder’s fund of N20million in 1990
to N509.25billion as at year end 2013, one can easily
understand how this bank has been able to maintain its
staff, seeing to their welfare and ensuring that they are not
let go into the oblivion of the Nigerian economy.
1. Fidelity Bank Plc
Without mincing words, Fidelity is undoubtedly among the
fastest growing commercial banks in Nigeria today. With a
stable and innovative management as led by (Nnamdi
Okonkwo), this bank’s staff are jealously admired in the
banking industry. The bank has earned itself a reputation
for quick service and SME banking.
University graduates also often seek to join the bank
because of its graduate and leadership training programs.
Little wonder why in 2014, Fidelity Bank announced the
promotion of 963 out of its employees, on conclusion of its
2014 annual staff performance appraisal.
These three Nigerian banks have distinguished themselves
and as such deserve worthy mention. This piece has been
written as to give upcoming professionals in the banking
sector an idea of where they can build their carrier without
fear of sudden retrenchment, as well as to urge other banks
within the sector to stop the massive dismissal of their staff,
as this has a grave adverse effect on Nigeria as a nation.