The Akwa Savings and Loans Limited, owned by the Akwa Ibom government, said it had disengaged about 40 employees.
The bank’s Managing Director and Chief Executive Officer, Mr Ebong Bassey, disclosed this at an interactive session with newsmen in Uyo on Monday.
He said, “We have disengaged 40 of our staff and very soon more than 50 others will also be disengaged.
“This is a move to aggressively restructure the bank and reposition it for global competitiveness.”