Skye Bank Promotes Over 300 Workers

By Dipo Olowookere

More than 300 employees of Skye Bank cutting across several cadres of staff up to managerial level have been promoted by the management of the financial institution.

In a statement issued by the bank on Tuesday night, it was explained that the promotion follows the 2016 annual staff performance review exercise.

Skye Bank said this is in line with its effort to reward staff who performed creditably in their various roles during the past financial year.

Group Managing Director/Chief Executive Officer of Skye Bank, Mr Tokunbo Abiru, while announcing outcome of the annual performance exercise, congratulated all staff of the bank for their hard work in the last financial year especially given the challenging operating environment.

“We will continue to reward our staff who display high level of commitment towards their responsibilities and the bank’s strategic objectives,” he said.

Mr Abiru further noted that “a performance-driven organization is critical to the achievement of the bank’s overarching objectives” and urged the newly elevated staff to see their promotion as a call to re-dedicate themselves to excellence; assuring that those who deliver consistently on the job, would earn commensurate benefits that befit high performers.

Also, the bank revealed in the statement that it has compensated some staff in the senior management cadre with monetary reward for their diligence and productivity whilst a handful of staff who failed in the performance appraisal exercise on account of poor performance were sacked.

It was further stated that the bank’s management has since approved payment of the entitlement and severance packages to the exited staff as contained in their engagement letters and as agreed with the workers union.

Last week, Skye Bank announced the voluntary resignation of four of its Executive Directors.

They had served in Executive Management capacity for nearly two years and were part of the old Board of Directors of the bank, some of whom earlier resigned voluntarily on July 4 2016 following the intervention of the Central Bank of Nigeria which consequently re-constituted the Board.