Cooperative deductions: Sacked Skye Bank workers, mgt on collision course

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We’ll pay them after recovering loans from former staff – Bank

Some Skye Bank workers in Osun State laid off last February and the management of the bank may be on a collision course over the non-refund of the deductions made from their salaries as cooperative contributions while their appointment with the financial institution lasted.

We’re facing hard times, we need our money now

Our correspondent gathered that about four months after the workers were relieved of their appointments, the Skye Bank management had yet to pay the sacked bankers their cooperative money.

Several efforts made by the former bank workers to compel the bank management to pay them, it was learnt, had been unsuccessful.

The sacked workers are now accusing the bank officials in charge of the cooperative funds of allegedly refusing to pick the telephone calls made to them or cutting the calls in the middle of conversations.

The affected former staff have, therefore, urged the bank’s management to refund the deductions made from their salaries for the cooperative to enable them meet some financial responsibilities.

They claimed that they had been faced with so many dire economic challenges since they were laid off, stressing that it had been so difficult for many of them to meet their domestic responsibilities due to the current economic realities.

The spokesperson of the affected former Skye Bank workers, Mrs. Wojuade Olubukola, who was the assistant banking officer with the Fagbewesa branch of the bank Osogbo, told our correspondent that she was relieved of her job without the complete refund of her cooperative deductions.

Olubukola said she had made several efforts to communicate with the management of the bank at their head office in Lagos to no avail.

According to her, “My own case is that the bank management only gave me one third of my contributory money, when I was sacked, and since February, I have been battling with the bank to get the remaining amount of N500,000.

“When I was leaving in February with some of my sacked colleagues, we were given peanuts out of the money contributed to the cooperative.

“I spoke with the manager in charge of Skye Bank cooperative money several times to ask of my money, she would either cut the call or refuse to pick my calls.”

When contacted on the telephone, the Manager of Skye Bank Cooperative Limited, Southwest Zone, Mrs. Adeola Bakare, confirmed the development, promising that she would look into the plight of the former workers.

Bakare disclosed that the management was planning an annual general meeting scheduled for July 22, adding that the meeting would determine when and how their cooperative deductions money would be refunded.

She also disclosed that the management was already making frantic efforts at recovering loans taken by some of its sacked workers, which it would use to settle the cooperative refund. Bakare assured that the management hoped to pay every affected worker soon.