Equity Bank, once celebrated for its customer service and employee satisfaction, is now facing serious allegations that have tarnished its reputation.
Reports from a reliable but anonymous source suggest that the bank has been unfairly terminating employees under questionable circumstances.
The accusations paint a troubling picture of workplace mistreatment, where staff are forced to leave their positions without following proper procedures.
The source revealed that many employees received termination letters citing poor performance.
However, what raises alarm is the apparent disregard for standard protocols such as performance improvement plans or show-cause notices.
Employees were given no opportunity to defend themselves or improve their performance before being dismissed.
This approach not only violates basic labor rights but also suggests a lack of regard for employees’ dignity and well-being.
Even more disturbing is that some of those affected were on maternity or annual leave, showing that no exemptions were made for vulnerable employees.
This paints a harsh picture of a company that prioritizes cost-cutting or internal restructuring over the welfare of its workforce.
Such actions send a chilling message to the remaining employees, creating an atmosphere of fear and insecurity.
The situation has worsened as reports emerge of terminated staff being coerced into signing resignation letters.
According to the source, employees are being pressured to resign voluntarily, possibly to avoid the bank’s obligation to provide severance packages or deal with legal claims for wrongful dismissal.
This tactic not only exploits the vulnerable position of the affected staff but also raises serious ethical questions about the bank’s operations.
Forcing employees to sign resignation letters under duress is not only unethical but could also be legally challenged as it undermines the principles of fair labor practices.
The scale of the terminations is another cause for concern.
Allegedly, more than 500 employees in a single branch were affected, and with approximately 200 branches across the country, the number of impacted staff could be staggering.
This widespread action indicates that this is not an isolated incident but a systematic approach that may be part of a larger, undisclosed agenda by the bank’s management.
While Equity Bank has yet to comment on these allegations, the silence from the leadership only adds to the growing unease.
Customers, employees, and the general public are left questioning the values and integrity of an institution that has long positioned itself as a champion of social and economic empowerment.
If these reports are true, Equity Bank’s image as a trusted financial institution is under threat.
The alleged treatment of employees could result in a backlash not only from current and former staff but also from the public and regulatory authorities.
The bank risks losing its credibility and the trust of its stakeholders, all because of decisions that appear to prioritize profits over people.
Equity Bank must address these allegations transparently and take immediate steps to rebuild trust before its reputation is irreparably damaged.
