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12166303088?profile=original300 Workers, Shuts Down Branches

"We only sacked 200"
- spokesperson.
    Subomi Balogun

Financial institution First City Monument Bank (FCMB) just carried out a disengagement exercise.


Informants claimed that about three hundred staffers were affected in the development.

Most of the affected employees reportedly got their sack letter on resumption from official leave.

According to a source ‘ I believe the affected staffers were purposely sent on leave and on resumption told to report to the Human Resource department where they were give sack letters’

Aside this, insiders divulged that the management of the bank with Ladi, son of the founder and chairman of the bank Otunba Subomi Balogun as Managing Director have also shut down some of the bank’s branches across the country.
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PHCN workers go on nationwide strike
























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Workers of the Power Holding Company of Nigeria (PHCN), on Wednesday, begin an indefinite industrial action.

The workers are protesting the nonpayment of their monetisation arrears among others. The workers, under the aegis of National Union of Electricity Employees, had on Monday, released a memo instructing all members to lock all the gates to PHCN's offices and installations nationwide..

The workers' strike is coming two days before President Goodluck Jonathan is scheduled to unveil his power generation and distribution blue print. The workers are also protesting the procedure that government plans to adopt in the privatization of power distribution.

Mr Jonathan had, on Monday, approved the sale of 11 power firms, which are subsidiaries of the power company. The government insisted that this move will help to checkmate the high aggregate technical, commercial, and collection losses suffered in the course of electricity generation and distribution in the country.


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