Oceanic Bank Headquarters Shut Down by Workers

Transactions, other daily activities at the Oceanic Bank Headquarters and all its branches in Lagos State,  were paralysed due to the decision of the new owner of the bank, Ecobank to pay the disengaged staff paltry sum of money as severance package.

The headquarters of Oceanic Bank on Ozumba Mbadiwe Street, Victoria Island, was shut following protest by disengaged staff who rejected the severance money offered them by the bank.

It was learnt that  hundreds of staff of the former Oceanic Bank, which were recruited by Oceanic Security have been laid off and fears still lingers that more workers will lose their jobs in the wake of banking reforms and mergers.