Nigeria’s unemployment worsens as Access Bank sacks lay-off over 300 staff


One of the major commercial banks in the country, Access Bank, has reportedly sacked over 300 staff across its branches in Nigeria, people with knowledge of the matter tells Naija247News

It was gathered that most of the affected workers were contract staff, who had put in a good number of years in the organisation.

A source, who craved anonymity, said the bank has been using electronic means of communication (e-mail) to notify the affected bankers.

On the number of staff affected, the source said it was difficult to know, as the bank ensured the sack notices were not dispatched at the same time.

Our correspondent to get the response of the bank on the alleged sack has not yielded any result as the mail sent to the financial organisation is yet to be attended to as at the time of filing this report.

Naija247news reports that another commercial bank in the country had in August 2021 sacked over 200 junior staff who had spent up to 10 years in the organisation.

The moves by banks to disengage workers, experts say will further compound the nation’s unemployment woes.

A report published by the National Bureau of Statistics (NBS) in the first quarter of 2021, revealed that Nigeria’s unemployment rate has risen from 27.1 per cent in the second quarter of 2020, to 33 per cent.