Nigeria’s leading microfinance bank, LAPO Microfinance Bank, has reiterated its commitment to the well-being of its employees, promising to review the disputed additional working hours associated with the bank’s loan recovery exercise.
In a statement released by the bank, it stated that the measures were introduced as operational interventions in response to portfolio recovery priorities and the need to maintain sound portfolio quality.
To achieve this objective, the bank’s management said it remains committed to ensuring that operational requirements are implemented responsibly, with due consideration for the welfare of its employees.
The statement read:
“The recovery measures were introduced as operational interventions in response to portfolio recovery priorities and the need to maintain sound portfolio quality. In pursuing these objectives, LAPO Microfinance Bank remains committed to ensuring that operational requirements are implemented responsibly, with due regard for employee welfare and the standards that guide the Bank’s operations.
“The Bank remains committed to constructive engagement with its employees and other relevant stakeholders and will address any matters requiring attention following the review.”
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