Over 400 hundred disengaged staff of Diamond Bank 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 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.

In addition to the non-payment, the workers lamented, Diamond Bank is also 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.

The spokesman of the group who preferred anonymity said they will not allow the bank to get away with their action.

"Diamond Bank is not the only bank that sacked its staff recently, but obviously, it is the only bank that is refusing to pay its former workers their severance pay after terminating their appointments unannounced.

“And to further strengthen their refusal to pay, the bank is telling the public that we were sack due to our non-performance. This is not only a malicious lie but it is wicked because by saying that, they are trying to render us unemployable.

“But on the contrary, many of us who were affected, numbering over 400, have good/excellent performance rating during previous appraisals including the last one done by the bank. The records are all there.

"So, Diamond Bank should stop peddling falsehood and own up their responsibilities. If they are sacking because of economic reasons, they should say so and adequately settle anyone they terminate his or her appointment. That was what other banks did.

“However, we will 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.

“We have been consulting widely across the country on the matter to know the precise action to take and we are in Kaduna to consult with various human right activists/lawyers, labour leaders and other notable figures who will help to advance our case," the spokesman said.

The spokesman added that the bank has already thrown all their accounts into debit, suspended their visa cards as well as threatening them to immediately pay up any money owed it as a result of the upfront allowances paid them in January/February and that it (the bank) shall begin to apply the staff rate of 4% interest for 90 days, after which it shall begin to attract interest at Monetary Policy Rate.

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.

When contacted, the Group Managing Director of Diamond Bank, Uzoma Dozie said "I cannot talk to you because I cannot verify who you are, but if you read their contract, you will know if they were to be paid remuneration or not."

http://www.dailytrust.com.ng/news/business/400-disengaged-diamond-bank-staff-protest-non-payment-of-severance-pay/154738.html?platform=hootsuite

Moderators, please send this to the front page. This wickedness must not go free. People very close to me have been affected, and it's too unfair.

E no easy for this Buhari government oh,
Small time now,
Him ediot spokesman go talk say na only few opposition politicians dey complain of hardship.

hungryboy:
E no easy for this Buhari government oh,
Small time now,
Him ediot spokesman go talk say na only few opposition politicians dey complain of hardship.

Bros... It's a terrible evil diamond bank Wan pull so.

Lalasticlala biko, do the needful.

This yet that has happened to Nigeria...

I hope that crazy Femi Adesina is reading this.

So eventually they were later relieved of their appointment, after FG issued much threats and made us all to believe the whole situation was under control.

Poor country

Self-employment is the best employment. Ask my igbo business men. Most of the Estates in Abuja are owned by igbos: Efab, Prince n Princess, Saharah 1,2,3 etc...

In another news:
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In Nigeria only few people, minority is complaining of poverty and hardship...Femi Adeshina, 2016!

Adeshina the manager of liar hope u 're reading this now cos small time u go say ma only Few people for ur family dey complain. .... Lai Mohammed still fair pass this idiot.

My name is Nmor eric pls I need job, anyone that can help should help, am tire n confused @ ericnmor43@yahoo.com

what is diamond bank? Neva heard dat bank name b4 oo

some among the sacked diamond staff voted for change.
how dem go dey feel now? eya, buhari don change am for dem. lol

what a country

.

My country Nigeria
So help me God

Where is the law. What is the law doing in all this? I'm sure the power that be that's suppose to mediate for these few whose right is being trampled upon is somewhere watching after the needful have been done-bribed.

Diamond bank should pay the sacked staffs.

We have Labour laws in this country which should be followed, I don't know what is in there contracts but I believe our Labour laws must supersede what ever contract them have been made to sign
The laws were made so crazy capitalist don't take advantage of the downtrodden so they must be followed.........U just can't take advantage of people and throw them out just Like that.

We need our laws to count, they are not there for decorations...

If u don't speak out about injustice today it may be your turn tomorrow......

The bank job

CHANGIII

it is quite disheartening and so unfortunate. My advice to all working, please value your jobs,have a Plan B and stop living an extravagant lifestyle.

What a

Dincorrect:
please my dear mods, stop banning me.
I created this new account to beg you to unban me and fellow Nairalander help me out.
Please those of you who are seeking the authenticity of my plea just like the person who requested for my Landlord's contact, my house address and the picture of the house of which I provided all, this is real it is not a scam.
I'm the most shying man on earth, I had to swallow my ego to resort this.
Help me please.
you can contact me via 09056459800
God bless

Just wondering what it'd be like if we all should come on NL pleading for aid on our financial issues. Dude please!

GasAndOilTheory:
This present administration is the worst thing yet
that has happened to Nigeria...

TANTUMERGO007:
CHANGIII

pedrilo:
some among the sacked diamond staff voted for change.
how dem go dey feel now? eya, buhari don change am for dem. lol

April 2015, under the 'transformation' train, Diamond bank sacked over 1000 workers. Excerpts of the report below:

Mass Sack At Diamond Bank
"The economic downturn in the country, coupled with the difficult regulatory climate, seems to be taking its toll on the financial sector as one of the top financial institutions, Diamond Banks Plc has sacked over 1,000 workers...."

http://www.pmnewsnigeria.com/2015/04/14/mass-sack-at-diamond-bank/

I'm sure up to half of those 1000 workers sacked in the first week of April last year voted for TRANSFORMATION. If I must reason like a mumu, then I would say they totally deserved the instant transformation to joblessness. But fortunately, I'm not a mumu like so many on this forum, so I will simply wish the affected staff the best, wish for an end to the economic downturn in the country which started since mid-2014, and call on the government and labour unions to seriously look into the case of their severance packages.