It is reliably gathered that all is set to weed over 1500 staff of INTERCONTINENTAL BANK by its new owner, Access Bank without severance package 30/01/2012.The basis of the massive sack is the new appraisal system which Access Bank introduced in INTERCONTINENTAL BANK on 8th Nov 2011.This appraisal system made it compulsory for an officer of ABO level to bring in over N150M in two months in current accounts or risk being sacked.They termed it OPERATION JUST CAUSE(OJC).We also gathered that in Access Bank,the OJC in operation is just opening of new accounts with zero balances.The question is,why did't they(Access) use they same measuring standard in Intercontinental Bank,i.e opening accounts with zero balances?

We do remember that the Governor of CBN said that the financial system sanitization would lead to jobs preservations among other benefits,but it appears the reverse is the case now for Intercontinental Bank staff.

we call on well meaning Nigerians,especially Mr. President(Goodluck Jonathan) and Honourable members of National Assemble to swing into action by stopping Access Bank from carrying out this massive weeding of INTERCONTINENTAL BANK STAFF(over 1500) as this would cause untold hardship to the affected staff.This would certainly have adverse effect on our economy as every average worker in Nigeria has over 20 persons depending on him/her.Once again,we sincerely call on Mr. President to save some souls.

For Lagos branches, sack letters are to be distributed in best western hotel, Allen Avenue. It is really pathetic.

Moderator, let this make front page pls.

Make we hear word. For crying out loud inasmuch as this is not a welcome news we are in a capitalist economy and you have no right stopping a company from downsizing to remain profitable. We can only make sure those to be sacked are paid their entitlements. They never signed a contract to work for Intercontinental Bank forever.