The House of Representatives Committee on Public Petition wednesday summoned Diamond Bank Plc over the sacking of 300 staff.

It followed a petition by the aggrieved staff, which was earlier submitted by their Counsel, Stephen Ofagbor  to the House.

The lawmakers had summoned the bank to appear before it to provide explanation on the matter.

The bank didn’t however turn up at the meeting wednesday.

Essentially, the petition alleged that the “retrenchment was unconstitutional, unlawful, illegal, unwarranted, null and void” and called on the bank to reverse its decision.

Ofagbor said the affected staff have taken several steps towards their reinstatement or payment of their terminal benefits, including a demand letter from their solicitor, but all to no avail as the bank rebuffed all overtures.

He added that the affected persons were not given the opportunity to repay the loan as scheduled and are being charged interest on the unpaid balance, which they would not be in a position to pay except they are recalled or paid their redundancy benefits.
He said: “Each of the retrenched staff entitlement is based on rank and number of years served and they have been seized of all the particulars of each of them for purposes of computing their individual entitlement.

“The action of Diamond bank has caused the affected persons enormous hardship, psychological trauma, great embarrassment and above all stigmatisation.”
He added that unless adequately redressed, the situation portends great risk to the bank employees and the industry in general.

Nevertheless, Chairman of the committee, Nkem Abonta, however Adjourned hearing toMay 7, 2017 to enable the committee further communicate with Diamond bank.







https://www.thisdaylive.com/index.php/2017/04/06/house-intervenes-in-diamond-bank-staff-retrenchment-dispute/

Excellent move,

If they are confident the retrenchment wasn't unlawful, why didn't they show up yesterday? Hopefully their lawyers will advise them to show up the next hearing date.

I keep wondering what Uzoma stands to benefit if the bank crashes, as his actions so far suggests he doesn't mind running his father's business down with his strong headedness.

Mods, please allow this news grace the front page. Thanks.

some companies have the feeling that they can do anyhow without been cautioned. I know with necessary bribe this matter go die down but God and devil is watching you

Shey Na like this we go dy dy, Na like dis we go go go dy !!!!

Diamond bank should have the fear of God, 300 retrenched staff with families to feed in this recession and loans plus interest, haba mana!

Kk.. After una don make d country hard with una useless policy and bad economic mismanagement, una won come blamed bank wey drop workers



Oga make all of una park well joor... No be only summon na sermon

Maybe the guy below me cares.

NA WA O

Its a private establishment

The HOR can't do nothing

How are they going to intervene? Give them money monthly to pay staffs?


The problem with Nigeria is we spent a lot of money maintaining these our legislators and executives while they do virtually nothing to help the economy.

My only regret is not leaving Nigeria when I had the chance, because i never knew we will still be like these present days.

Wonderful...

Which they could do this to Ericsson.

No bethem dey tiff money ??

Thank Goodness

Bank work na spoil, no job security

Representing themselves

okay

babablogger:
Its a private establishment

The HOR can't do nothing

are you sure? It would help if they could because 300 people were sent to the labour market. That's troubling

bunch of clueless jokers

can they pin point which law they claim has been flouted?

or is this the usual senate media investigation which is a coded shakedown?

if the senate are serious about worker welfare in the banking industry, they should enforce unionization of staff in the banks

outside of that this comes across as the empty headed posturing they are known for.

businesses downsize everyday. it is extremely messed up, but it is what it is.

the senate will not support diamond bank if it fails.

I hate bank work. Imagine the agony the retrenched and their families will be passing through this unimaginable hard time. God please come to their rescue. Advice , the very moment you step in as bank employee, exit plan should be part of your priorities.

Mmadu111:
I hate bank work. Imagine the agony the retrenched and their families will be passing through this unimaginable hard time. God please come to their rescue. Advice , the very moment you step in as bank employee, exit plan should be part of your priorities.

self employment is the best


Guys hit me up for your well built websites.Check my signature.Thanks

Diamond Bank behaving like a Charcoal Bank.

Long overdue.

Government of the people

MAY 7th? LOL

Tolakay:
The House of Representatives Committee on Public Petition wednesday summoned Diamond Bank Plc over the sacking of 300 staff.

It followed a petition by the aggrieved staff, which was earlier submitted by their Counsel, Stephen Ofagbor  to the House.

The lawmakers had summoned the bank to appear before it to provide explanation on the matter.

The bank didn’t however turn up at the meeting wednesday.

Essentially, the petition alleged that the “retrenchment was unconstitutional, unlawful, illegal, unwarranted, null and void” and called on the bank to reverse its decision.

Ofagbor said the affected staff have taken several steps towards their reinstatement or payment of their terminal benefits, including a demand letter from their solicitor, but all to no avail as the bank rebuffed all overtures.

He added that the affected persons were not given the opportunity to repay the loan as scheduled and are being charged interest on the unpaid balance, which they would not be in a position to pay except they are recalled or paid their redundancy benefits.
He said: “Each of the retrenched staff entitlement is based on rank and number of years served and they have been seized of all the particulars of each of them for purposes of computing their individual entitlement.

“The action of Diamond bank has caused the affected persons enormous hardship, psychological trauma, great embarrassment and above all stigmatisation.”
He added that unless adequately redressed, the situation portends great risk to the bank employees and the industry in general.

Nevertheless, Chairman of the committee, Nkem Abonta, however Adjourned hearing toMay 7, 2017 to enable the committee further communicate with Diamond bank.







https://www.thisdaylive.com/index.php/2017/04/06/house-intervenes-in-diamond-bank-staff-retrenchment-dispute/

Instead of the affected persons to dialogue with the bank, they are running from pillar to post smearing the name of the bank! This is the umpteenth time I'm seeing this smear campaign in different blogs! I thought they said they have taken the matter to court? If you check well, some of them might have been involved in fraud and/or sharp malpractice before they were sacked!!!

Diamond Bank is in the habit of sacking workers over flimsy reasons. It is the only bank that hates the progress of its staff. Once you buy a new car, move into a better flat or buy your own land the sack you.