​The management of Ecobank Nigeria has fired 1040 of its

staff. A source in the bank says the job cut was initially

pegged at 1400 but it was reviewed down to 1040. A

statement by the bank’s Managing Director, Charles Kie,

states that certain jobs in the bank are being streamlined for

a reduced number of people to do so as to bring about

improved efficiency. The statement in part reads;

“The bank, in its renewed drive for optimal

performance, has in addition realigned certain roles

bank wide to ensure improved efficiency. This

necessitates the exits of some staff who were

adequately compensated. This is in furtherance of a

market repositioning exercise designed to strengthen

the bank’s business across all markets where it

operates.”he said