Access Bank MD, Aig, looks embattled |
These are not the best of times for Access Bank Plc. The financial
institution which has been snaking from one scandal to another has
landed on a new one. Access Bank’s litany of woes started with the
alleged N500m extravagant send forth party it staged for its MD, Mr.
Imoukhuede whose tenure would soon come to an end. The party which held
at the upscale Intercontinental Hotel on Victoria Island, Lagos saw the
bank flying in American pop star, Mariah Carey at a whopping cost to
entertain their select guests. As if that was not enough, the bank laid
off about 200 of their staff not long after. Which expectedly fetched
them the ire of the general public, which is asking why they should
spend so much on a party when they could have used the money to take
care of the sacked staffers. The latest we have on the matter is that
those tipping Aig to succeed Mallam Lamido Sanusi are not happy with the
bad press his send forth party is currently generating. Confusion now
reigns in their midst on how to sell him in the next few months-or
whenever the time comes. And as a result, his people have begun working
round the clock on how to stem its further spread. More details later.
-Culled from YES! International Magazine.
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