United Bank for Africa (UBA) Plc, a leading pan-African financial services group headquartered in Nigeria yesterday night laid off over 1000 staff for reasons unknown to the media but suspected to be the increasing staff strength.
UBA was rumoured to have signed the Popular Nigeria Pop star Wizkid on an endorsement deal worth $3 million [1Billion Naira] but on January 3rd sacked over 1000 staff after a brief meeting for undisclosed reasons.
The staff were made to stay in the banking hall till 10:30 pm all in a bid to know their fate.
This is the first time UBA is sacking her workers and it came as a shocker to those affected.
Honestly, this is a terrible way to start the new year for those affected… It’s just a pity.