Ecobank enlists fleet operators for Lagos operations

Ecobank unveils Fintech Challenge competition for African start-ups

Ecobank Nigeria has enlisted the services of three fleet management companies to handle its transport services on Pay As You Go basis for its Lagos operations. The partnering companies include Uber, AA Rescue, and Car4U.

Under the new arrangement, the Bank has concessioned its pool car services and its erstwhile outsourced drivers numbering about 300 are taking possession of the cars as part of the Bank’s commitment to empower the drivers. The drivers have also been given the option of either joining the fleet management companies or utilizing their newly acquired vehicles as they desire. Relevant Training programmes in partnership with the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) have further been organized for all the drivers to effectively support the transition of the drivers to entrepreneurship.

The Bank in line with its commitment to ensuring transparency and fairness, fully engaged the umbrella Union of the drivers, NUBIFIE, and negotiated and agreed the foregoing terms.

A statement from the Bank explained that the measure will enable the drivers become entrepreneurs.  The drivers have applauded the initiative of the bank in providing them with cars and enabling them.  The initiative also allows experts in fleet management handle the Bank’s transport operations while the Bank focuses on core banking.




The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Financial Watch. Every investment and trading move involves risk. You should conduct your own research when making a decision.

About Cynthia Charles 1207 Articles
She is a prolific writer and has special interest on writing about business and opportunities. She can be contacted via [email protected]

Be the first to comment

Leave a Reply

Your email address will not be published.