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Is Unity Bank Plc Truly Undercapitalised And Broke?. - Career - Nairaland

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Is Unity Bank Plc Truly Undercapitalised And Broke?. by EDOE900(m): 12:02pm On Oct 12, 2016
According the online media report posted here on Nairaland indicting six Nigerian Banks as being undercapitalized by a firm in Dubai, which raised a lot of media reactions online, is to a great extent receiving some proofs of belief as one of the Banks mentioned in that report ,'' Unity Bank Plc'' which recently retrenched about 241 staff members, on the 15th of September, has been finding it very difficult to pay off these staff members. One of the staff who was affected when contacted affirmed it that none of those layed off has been paid, she complained that the delay in settling their entitlements is not suppose to be so, stressing that when the last set of 177 staff were layed off it only took less than three weeks and every one of them got their respective payments unless for those that had issues.
But that in their own case now the story is different. She complained that if the Bank wasnt bouyant enough to settle entitlements why go into sacking? The Bank cannot be paying their remaining few staff salaries and keep those layed off onhold when most of these layed off staff are owing their creditors, Landlords, Children School fees etc. She decried that some are even finding it very hard to feed their families.
To this end, Unity Bank Plc is yet to address these set of layed off staff as to let them know the true position why their payment have not been given to them. However, one the Bank staff who pleaded anonimity said the delay is as a result of clearance exercise being carried out by the Bank to ascertain who gets what and to address issues of some of these staff. But our question is do you continue to suffer over 241 families ? For only God knows when.
If truly the Bank is solvent they should immediately settle all the staff layed off, the continued delay will simply imply that the media report on the Banks solvency is nothing but the truth and calls for deep concern.

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