Rafiu Ibrahim, chairman senate committee on banking, insurance and other financial institutions, hinted the decision of the senate in a point of order he raised on the matter on the floor of the senate on Wednesday.
“The minister of labour made a statement threatening banks to stop retrenchment of staff. Banking being a very sensitive industry, any misguided statement can have a throwback on the industry; it can create a run on the banks,” he said.
“As the chairman of the senate committee on banking and finance, we want to invite the minister, the central bank and the banks to know if they are talking about retrenchment and what will happen.
“We want to know the basis of the directive and the basis of the threat.”
Senate President Bukola Saraki only reacted cursorily to Ibrahim’s statement since he came under 43- which has to do with personal explanation.
“They will come and meet before your committee isn’t it? So, it is just for our information,” he said. Click to signup for FREE news updates, latest information and hottest gists everyday
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Unfortunately Ngige has joined the band wagon of those cajoling this great country.Let the house teach him his job.
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