Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Diamond Bank issued 15-day ultimatum over sacked workers

15 July 2016, 20:00

Abuja - An Abuja-based Legal Practitioner, Frank Tietie, has accused the management of Diamond Bank Plc of unfair labour practices against some recently sacked workers of the bank.

In a letter dated June 29, and addressed to the Managing Director of the lender, Tietie said that the workers were “rudely” informed of their sack by e-mail on May 27.

He said that the action breached the provisions of Section 20 of the Labour Act on redundancy as well as “other labour regulations, standards and best practices”.

The lawyer alleged that 400 workers were affected, but the bank confirmed the sack of only 200 in a statement on May 27 .

‎According to Tietie, Diamond Bank goes further to unilaterally deduct supposed ‎long-term loans from the bank accounts of the affected workers against earlier agreed loan tenures.

‎‎‎He said such an action was unbecoming of a Nigerian bank against its staff, which was yet to recover from the trauma and shock of the unexpected termination of their employments.

“By that action, they have been further subjected to the punishment of being suddenly thrown into serious financial dire straits.

“This is despite the unblemished and meritorious services they had rendered to the bank as committed and dedicated staff for periods ranging from one to 20 years.”

He gave the bank 15 working days from the day of receipt of the letter to enter into negotiations with representatives of the affected workers or face legal action.

Also read: Diamond Bank fires 200 workers

The Head of the bank’s Media Relations Unit, Ikechukwu Omeife, reaffirmed the lender’s claim that only 200 workers were affected.

Omeife explained that the sack was part of a rightsizing recently undertaken by the bank to “optimise cost and enhance value for the shareholders at the end of the business year”.

He said that the affected 200 employees were those whose performance records were lower than the minimum required to drive the bank’s strategic growth plan.

Omeife wondered why the lawyer singled out Diamond Bank for attack over an exercise that was a normal practice in the corporate world and which other banks had also undertaken.

The spokesman denied knowledge of the alleged loan deductions but said it was also a standard practice in the case of sacked workers with loan obligations to their employers.



Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...