Skye Bank Rewards Excellence, Promotes 300 Staff

After a management shake-up which saw the resignation of four top executives over the weekend, there were spreading reports of impending lay-off spree at Skye Bank.

But contrary to the widely held view, the bank has announced the promotion of over 300 staff following the 2016 annual staff performance review exercise.

The bank also announced monetary compensation for staff in the senior management cadre as reward for their diligence and productivity, while 55 staff who failed in the performance appraisal exercise on account of poor performance were exited.

The management of the bank said it 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.

Announcing the outcome of the annual Performance exercise, Group Managing Director/Chief Executive Officer of Skye Bank, Mr. Tokunbo Abiru, noted that the bank will continue to reward staff who “display high level of commitment towards their responsibilities and the bank’s strategic objectives.”

He stated that a “performance-driven organization is critical to the achievement of Skye Bank’s overarching objectives.” He 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.

Skye Bank, designated as one of Nigeria’s eight (8) Systematically Important Banks (SIB), by the regulatory CBN, is a leading retail and commercial Bank renowned for its electronic banking solutions as well as its product portfolio which supports families, students, Small & Medium Enterprises (SMEs) and professionals across the country.


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