The National Investment Bank (NIB) has denied that 29 of its branch managers have been asked to proceed on accumulated leave this week as part of a restructuring programme.

Joy Business has learnt the removal of the branch managers was the first phase of the bank’s restructuring.

Joy Business has sighted one of the letters containing the bank’s directive. It also confirms the move is the result of what it describes as “an organization review with a view to strengthening its operating units”.

A statement from the bank, signed by its public relations officer Nana Defie Badu, however, says only three branch managers have so far been asked to go.

Source: Joy Business/