ADB sacks 15 management members

The Head of Marketing of the Agricultural Development Bank Adams Sulley and fourteen other management members of the bank have been sacked, according to Starr News.

It is unclear what has necessitated their sudden dismissal but sources within the Agriculture-inclined bank say they are perceived to be against recent decisions being taken by the managing director of the bank Stephen Kpodi.

Some of the officials affected by the action include, head of Risk Merchandani Sanjay, head of Corporate Banking Wilson Kwesi Abedu, Procurement officer Owusu Ansah Nana Akua, head of Asset and Liability management Zigah John Kwame Mensah among other top guns of the bank.

A dismissal letter given them today, November 11 2015, indicates that the action is of immediate effect.

The letter, however, noted that the move is as a result of some organizational restructuring being undertaken by the financial institution.

Some of the affected persons have already started packing out,  out partner station Starr  fm sources noted.

An IPO sale of ADB has been marred by court suits and heated agitations between management and staff of the Agriculture inclined bank.The offer has been put on hold following the inability of the management, staff and other stakeholders to agree on the way forward.