• Contact Us
  • About Us
Sunday, December 14, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Labour plans fresh showdown with 7 banks

metro by metro
December 28, 2016
in News
0
0
SHARES
0
VIEWS
NLC
NLC

Seven money deposit banks might be facing a fresh hurdle in the early months of 2017 as organised labour is engaging in clandestine talks within its ranks for a showdown with the affected banks in the New Year. 

 Leading in the planned onslaught against the banks, as revealed by BusinessDay investigations, are National Union of Banks Insurance and Financial Institutions (NUBIFIE) backed by the National Union of Electricity Employees (NUEE) and National Union of Petroleum and Natural Gas Workers (NUPENG) under the aegis of United Labour Congress.  
The planned picketing of the banks, according to a source is fallout of the inability of the management of the affected banks and NUBIFIE to resolve lingering issues around “sack of workers without recourse to industry collective bargaining agreement, refusal of unionisation among other anti-labour practices”  
Hit by the implementation of the Treasury Single Account (TSA) by the federal government with the attendant huge withdrawals some deposit money banks resorted to massive staff rationalisation, leading to 1,000 bank workers losing their jobs in 2016. Labour had reacted swiftly by announcing plans to picket the banks.
Sunday Salako, former president of Association of Senior Staff of Banks Insurance and Financial Institutions (ASSBIFI), had faulted the decision of the Federal Government to pull the funds from banks in one swoop, saying it amounted to “stripping the economy of energy” when banks are denied funds to advance loans to businesses.
Although an intervention by the federal ministry of labour and employment, leading to a meeting in Abuja, involving the Ayuba Wabba led Nigeria Labour Congress (NLC), Trade Union Congress (TUC), representatives of the banks and Nigeria Employers’ Consultative Association (NECA) averted the disruption of the banks’ operations, NUBIFIE, backed by the then NLC faction led by Joe Ajaero, insisted on the picketing on the grounds that it was not part of the Abuja meeting and that the parties in attendance could not speak for the bank workers who are its members.
The renewed plan to mobilise against the banks early next year, it was learnt, would be jointly prosecuted by some 16 labour unions affiliated to United Labour Congress (ULC), the new labour centre formed three weeks ago, and led by Joe Ajaero, as president and Achese Igwe, as deputy president. The two unionists double as general secretary of NUEE and National Union of Petroleum and NUPENG respectively.
“Nigerian banks do not see the need to respect the country’s extant labour laws. In the New Year, we would be taking on seven of them, one old generation and six new generation banks. They must not be allowed to play above the law. While we agree the employer can hire and fire, there are laws guiding this. You do not wake up and sack massively without subjecting yourself to the industry collective bargaining agreement without the union. This is what obtains in different sectors of the economy and it is backed by our labour laws.”
The source said before launching the onslaught in the early months of next year, “we would officially intimate of the employers’ body, adding that “the issue of unionisation in the banks would be put on front burner in the coming year.”

Read Also

FG Makes Tax ID Mandatory For Nigerians To Operate Bank Accounts From January 2026

Supreme Court Declares FG’s Seizure Of LG’s Funds Unconstitional, Yet Strikes Out Osun’s Suit

Angry Contractors Lay Coffin In Front Of Ministry Of Finance In Protest

Previous Post

Dozens of Boko Haram fighters surrender in southern Niger

Next Post

Boko Haram may have used Chibok girls as shields during attack – Nigerian army

Related Posts

Ahead Of Agreed Minimum Wage, President Tinubu To Send Bill To NASS, Takeaways From Anniversary Broadcast
Breaking

FG Makes Tax ID Mandatory For Nigerians To Operate Bank Accounts From January 2026

December 12, 2025
Supreme Court Adjourns Suit On CBN Naira Swap To Feb 22 For Hearing
News

Supreme Court Declares FG’s Seizure Of LG’s Funds Unconstitional, Yet Strikes Out Osun’s Suit

December 5, 2025
Angry Contractors Lay Coffin In Front Of Ministry Of Finance In Protest
News

Angry Contractors Lay Coffin In Front Of Ministry Of Finance In Protest

December 3, 2025
“Very Shocking’: Obi Reacts As Reno Omokri, Fani Kayode Make Tinubu’s List Of Ambassadors
News

“Very Shocking’: Obi Reacts As Reno Omokri, Fani Kayode Make Tinubu’s List Of Ambassadors

December 2, 2025
Next Post
Chibok girls

Boko Haram may have used Chibok girls as shields during attack - Nigerian army

Households Earning Less Than N250,000 Or Less Monthly Won’t Pay Tax-Oyedele

Banks To File Reports On Accounts With N25m Quarterly Turnover Under New Tax Law

December 13, 2025
Ahead Of Agreed Minimum Wage, President Tinubu To Send Bill To NASS, Takeaways From Anniversary Broadcast

FG Makes Tax ID Mandatory For Nigerians To Operate Bank Accounts From January 2026

December 12, 2025
NFF Apologises Over Super Eagles’ World Cup Miss

AFCON 2025: Chelle Names 28-man Super Eagles squad, Nigeria’s Group C Rivals Ahead Of Morocco Tournament 

December 12, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version