₦airaland Forum

Guys, d MTN night plan, whats d time frame? I mean from what time to what time?

Indications emerged on Monday that the management of Oceanic International Bank Plc was set to lay-off about 1,400 workers in a cost cutting exercise desfined to return the bank to the path of profitability.

It was learnt that the figure represents 40 per cent of the bank’s 3,500 employees.

Findings by our correspondent further showed that the management of the bank, which declared a loss of N286bn on Friday had also approved 30 per cent salary reduction.

Already, 250 of the affected workers had received their sack letters in an exercise aimed at pruning down the bank’s workforce and cutting down operational costs.

A reliable source in the company told our correspondent on Monday that the list of the remaining 1,150 workers slated for early disengagement from the bank was ready. The source said their sack letters would soon be released.

It was gathered that the first casualties in the phased exercise were shown the way out of the bank for sundry offences, especially that their personal accounts were in the red.

Consequently fear has gripped the employees of the bank in the wake of the latest development.

Oceanic Bank is one of the troubled banks rescued by the Central Bank of Nigeria, which examined the books of the 24 banks in the country. The erstwhile management of the bank, headed by Mrs. Cecelia Ibru, was sacked on August 14 along with four other bank chiefs for granting huge non-performing loans, which affected the wellbeing of the financial institutions.

The Managing Director of the bank, Mr. John Aboh, had at a news conference in Lagos recently, said the pruning exercise was inevitable in view of the state of the bank. Aboh, was, however, silent on the details and magnitude of the exercise.

Aboh also said that some unviable branches of the bank had been shut down as part of measures to salvage the ailing financial institutions.

However, investigation by our correspondent showed that the management had compiled and approved a list of 1,400 workers to be eased out of the bank. A top official of the bank told our correspondent on Monday that the Aboh-led management had authorised the list for implementation.

The source further stated that the sack of about 250 officials of the bank last week was a prelude to the full implementation of the decision of the management.

The source stated, “I can tell you authoritatively that 250 workers have already been sacked for all manners of offences, including that their personal accounts were in debt. The management just started with that figure because the target is 40 per cent of the bank’s workforce of 3,500. To be specific, no fewer than 1,400 employees of the bank, which represents 40 per cent of the workforce, would be sacked at the end of the exercise.

“The management has also agreed to 30 per cent salary reduction.

“The management is very serious and committed to the exercise. Already, the workers in the administration department of the bank have been scattered and transferred to different parts of the country, especially the northern axis.

“Confusion and apprehension reign in Oceanic Bank because of the decision of the management. We just pray that the managing director will rescind the decision because of the acrimony that is likely to result from the implementation,” added the source who craved anonymity.

When contacted on the telephone, Aboh, who reiterated that sacking of workers was inevitable, however, said that it was premature to speculate on its details.

He added that it was not true that 40 per cent of the workforce would be affected.

Aboh, who confirmed that some workers were sacked last week, said the figure was less than 250. But he declined to specify the exact figure.

He said, “We are not done with the process yet because we are observing all procedures. We are looking at all files to enable us draw reasonable conclusion on the way forward. I told journalists at a press conference recently about the exercise (sacking of workers), but we are not ready for it yet. Wait until we do it,” Aboh added.

How much is 2001 Toyota Camry with Leather interior?

not now but surely soon.

Or maybe im just crazy about Toyota Camry, the new generation (MUSCLE) 2007 - date is just awesome.

U dig it? Camry na baba.

Camry! Camry! Camry!

With 2.5M, I'll rather buy a clean titled 2007 Toyota Camry than the new Yaris. That new generation camry is my dream ride.

Emperoh what is RORO?

Help! My Sony Vaio laptop is just a year old, but the battery has been giving me a lot of headache lately, it does not last more than 5 minutes when it is unplugged from the power supply mains, presently I can only use it with power, is it not too early to develop this kind of problem? pls can anybody help to diagnose what the problem could be and if possible help to get me out of it, do i have to buy a new battery pack? guys pls help.


Also my DVD drive has stopped recognising discs, i visited the microsoft support page posted here and it did not fix the problem, I was told the problem stemmed out because I upgraded my Vista Home premium to SP2. Do I have to purchase another drive? and if I purchase another drive won't the problem resurface? Guys Pls Help a brother. Thanks.

Sholar 1. I need a clean 1999 Toyota Camry, how much will get it, and can u dig out a leather version of the car, if not how much will get me a leather sofa 2001 Camry? 2. Whats the price of a 2001/2002 Peugeot 306?[color=][/color]

you will only get this one in museums. its extinct.[color=][/color]

@lanre you told him to go to ur thread, why not paste the link to your thread for easy location.[color=][/color]

Flavio:
The fastest toyota in in production is the MK4 TOYOTA SUPRA TWIN TURBO.

KIND REGARDS

Yeah I dig that! that machine knows nothing but SPEED! Just like a fire was made to burn, the car was made to race.

The life of a car lies in the hands of the user, if u ask me this car was badly used.

@Inspired in case man wan come check out your showroom, where is it located, i know you normally add some extra thousands to the cars once they land naija, but I would still like to deal with you maybe because of your clean rides or maybe because i dont like waiting to clear, so chief inspired where is your showroom located? man needs a clean 1999 camry or 2001 camry, leather of course.

@Phemmy can u do the 2001 Camry for 1.250M?[color=][/color]

@Phemmy, whats your pre-order price for a neat 2001 Toyota Camry LE with leather seats (non-accidented)?
U got mail.

The name Inspired is synonymous with clean cars. kudos man.

@Poster, Get me an EX leather and I'll give u that amount.

underliner but u know this object has no life now, haba.

IMO this car should have been buried. It is dead and gone!

@Inspired how much will pre-order a clean 2001 Honda Accord EX with Leather and other options?

@Phemmy u didnt reply my request, How much can u arrange for me 2001 Honda Accord EX 4 cylinder with Leather interior?

@Nice Guy, What I want specifically is Honda Accord 2001 'Ex' clean with Leather interior, I got 1.2M to drop, I'm gonna call u soon as I'm ready, you can as well help source for it. I prefer Golden colour.

No be say because u no gbadun my style o, at all at all, na im badi pass o.

Fhemmmy:
38K Miles for a 2000 Model ride? Nice one.
Post the VIN and let the police run a carfax check on it

Very funny , Phemmy u wan arrest the guy?

Nice Guy, how much is a 2001 Honda Accord EX Full options with leather interior (preferrably Golden Colour)?

@Phemmy what is your  pre-order price for a clean 2001 Honda Accord EX Full options with leather interior (preferrably Gold colour)?

Mr Inspired what an illustration. Comparing humans to machine, Blood aint gas u know. The truth is that once those salvaged vehicles are fixed, u can hardly notice anything on personal inspection. The carfax report is d only judgemental tool we've got.[color=][/color]