Dismissed Diamond Bank Staff Protest Non-Payment Of Severance


Diamond Bank staff who were recently affected by the downsizing exercise carried out by the bank have decried the non-payment of their severance pay by the management after terminating their appointments suddenly.

The over 400 hundred dismissed staff also allege that Diamond Bank is trying to make them unemployable by claiming that their disengagement is due their non-performance, but which in reality is not true as many of them have good/excellent performance rating in their appraisals. This they describe as not only malicious but wicked.

The aggrieved workers who spoke to newsmen in Kaduna at the weekend said the disengagement terms by Diamond Bank should not be different from that of the other banks which adequately settled all the terminated staff their severance pay and other entitlements in line with labour laws of disengaging workers on the basis of redundancy or anything related.

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The group has vowed not to allow Diamond bank get away with their action. They promised to engage all means within the law to ensure that the bank does not get away with this illegality, because over 400 people are not a small number.

diamond bank

They added that it is obviously the only bank that is refusing to pay its former workers their severance pay after terminating their appointments unannounced.

They urged the bank to stop peddling falsehood and own up to their responsibilities. The affected workers claim that many of them have good/excellent performance ratings during previous appraisals including the last one done by the bank.

Spokesman for the group says they were in Kaduna to consult with various human right activists/lawyers, labour leaders and other notable figures who will help advance the case and have been consulting widely across the country on the matter to know the precise action to take.

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The spokesman urged the government to put necessary measures in place to prohibit not only banks but other organizations from arbitrarily terminating their staff’s appointment at the slightest economic challenge, pointing out that the ability to absorb economic shocks and manoeuvre is also a necessary aspect of organizational commitment.