Heritage Bank Plc. is in big trouble.

Report reaching us has it that the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has shut down its head office in Lagos.

This is following the sack of over 1000 personnel by the Akinola George-Taylor led management without following due process, sources said.

Sources squealed that the union said it had resolved to continue with the picketing until the management of the bank decides to do the needful by ensuring the sacked workers get their legitimate severance package.

According to sources the aggrieved ex-staff of the bank have locked the gate and have prevented anyone from going in or out of the bank’s head office at 143 Ahmadu Bello Way, Victoria Island, Lagos.

We learnt that less than one year that Akinola George-Taylor had assumed office as the Chief Executive Officer of the bank that he has sacked over 70 senior staff members, while a number of others were asked to resign plunging the bank in further crisis.

Sources said that the affected staff were disengaged without paying them their accrued entitlements and allowances.

However, we gathered that the internal crisis allegedly instigated by Akinola George-Taylor was in an attempt to rid the bank of those suspected to be loyalists of some board members, and employ his own people.