The Federal Government on Friday directed banks, insurance and financial institutions to suspend the ongoing retrenchment in the sector.
The Minister of Labour and Employment, Dr. Chris Ngige, stated this in a statement in Abuja.
“Following spate of petitions and complaints from stakeholders in the banking, insurance and financial institutions, I hereby direct the suspension of the ongoing retrenchment pending the outcome of the conciliatory meetings in the industry.
“This is as a result of the apprehension by my office on the various disputes in the sector in accordance and in compliance with the provisions of the labour laws of Nigeria,’’ the News Agency of Nigeria (NAN) quoted the minister as saying in the statement.
The statement said the decision was predicated on the fact that the continued retrenchment and redundancy by the sector had been jeopardising the outcome of the reconciliatory and mediatory processes undertaken by the ministry.
“In this wise, all the retrenchments and redundancies done in the last four months and all proposed ones should be put on hold,” it added. Click to signup for FREE news updates, latest information and hottest gists everyday
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How can you direct private business to run their business. Will you be paying their salaries and wages? Cluess APC people and government. It is your foolish and wicked policies that leads to this. If your economic policies are right they won't sack.
ReplyDeleteThis is good.
ReplyDeleteHow?is dere a ministry of bank? Or ministry of private business?thank you for that order but please compel them to employ too.
ReplyDeleteNgige, if this is what politics has done to ur head then u should be pitied. banks are not ministry of bank. they are plcs owned majorly by private shares and profit is the watch word. I am already convinced that Nigeria is technically and fantastically in the thresh hood of military rule. and if we could handle Abacha, u guys will be a walk over-just time my broad!
ReplyDeleteAre you the one paying their bills. Your govt was ntroduced all sorts of policies at a time and you think businesses would survive without cutting down staff, say it to the marines. Clueless government.
ReplyDeleteHow do you put a hold to retrenchment that has already happened even as at yeaterday let alone four months ago? Are these staff going to get their jobs back? Dear govt, let's be realistic when we open our mouth to speak and also speak the truth.
ReplyDelete.
ReplyDeleteHow do you put a hold to retrenchment that has already happened even as at yeaterday let alone four months ago? Are these staff going to get their jobs back? Dear govt, let's be realistic when we open our mouth to speak and also speak the truth.
ReplyDeleteHow do you put a hold to retrenchment that has already happened even as at yeaterday let alone four months ago? Are these staff going to get their jobs back? Dear govt, let's be realistic when we open our mouth to speak and also speak the truth.
ReplyDeleteMilitary rule has done great damage to Buhari and the senator s minds..buhari and his cohorts suffers from a type of delusion it's called Grandiose Delusion
ReplyDeleteNgige, go and direct the clueless and lying government who serve to great a comfortable business environment. Your wicked government have succeeded in destroying businesses in Nigeria.
ReplyDeleteYour lying government promised to create jobs, pay those that have no job.The banks have decided to help you have enough people to give job as well as those to pay for not having job, so that you can achieve your political scores.
Mad people in government..
This man and many of these old ministers are suffering from a sort of dementia! Are the bank's parastatals in his Ministry?? These APC ministers starting from the President are too old and bereft of ideas!
ReplyDeleteHeeeeee....I can't shout....so this is the level we have degenerated to....it's a pity,just in 1 year,everything has turned upside down...it's annoying...
ReplyDeleteNgige,Buhari and Apc,you see where you have plunged Nigeria and Nigerians into?Bad people,bad government,bad policies.
ReplyDeleteDid you obey the court not to increase electric charges? Are you the md of the banks?
ReplyDeleteMumu comments from fools
ReplyDelete