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Nairaland Forum / Nairaland / General / Politics / Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! (30467 Views)
FG Has Created 8m Blue Collar Jobs - Ngige, Minister Of Labour / Mass Sack: Ngige Meets Senators Over Withdrawal Of Banks' License.Photos / Senate Summons Ngige Over Threat To Banks.. (2) (3) (4)
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Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by koboko69: 9:18pm On Jun 13, 2016 |
Wildrage: Stop being ignorant. Look at the statement very well. He mentioned the government, we gave them the license, he never personalised it like saying I will withdraw. That being said, no one is forcing any worker on the employer, what we are saying is if u are gonna laynoff staffs, follow due process. Stop the sentimental slavery mentality and call a spade a spade 3 Likes |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by koboko69: 9:20pm On Jun 13, 2016 |
grandstar: Wow...how is this? |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by CioAngels(f): 9:23pm On Jun 13, 2016 |
I was so vexed when i read some of their comments, i now wondered what else do they want from a caring and fighting minister? Sincerely, i think this is the first time a minister will publicly vet his anger against corporations maltreatment of their staff. My issue now is, will the minister maintain this working methodolgy so that workers can work without fear? Well, i should not blame the employees becos they are not allowed to unionise so they don't know their rights, even those that knows will not mention it for fear of job loss. My honorable minister, if you can go extra mile for the workers, you should mandate corporations to let employee have a union, after all is not a Nigerian thing, it is world over. Mostly the Asians/indians who our government officials collects bribe from which gives them the power to use Nigerians like slaves. Private schools should also be made to allow their staff to belong to a union also. 4 Likes |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by grandstar(m): 9:31pm On Jun 13, 2016 |
koboko69: Do you know there is $20b in private dormicillary accounts in Nigeria unused? Do you know there are billions of dollars waiting to enter this country once the currency is devalued? Nobody is ready to sell forexat 199 when it's 350 at the black market. My friend who exports lead stopped the business because he would be forced to convert the forex earned at 199. I wanted to start exporting kolanuts this year but the 199 rate discouraged me. Even people receiving $100 Western Union are seething because they convert at about 195. 2 Likes |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by koboko69: 9:43pm On Jun 13, 2016 |
grandstar: You are very funny. . We are talking about covering about 20% . We all know oil brings more than 70% of our fx. 1 Like |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by Nobody: 9:44pm On Jun 13, 2016 |
IsraeliAIRFORCE:u lie bro! 4 Likes |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by CHIJIOKE1314: 9:56pm On Jun 13, 2016 |
koboko69: Let me show you one IPAd Yoot, before this hate you feel for Igbos tarnish you.. "Buhari answer to unemployment is not to implement judicious economic policies but to order private businesses not to lay off their staff" -- Femi Aribisala "Ngige threatens the government will revoke the licences of banks that retrench staff. What nonsense! How will such a stupid move save jobs?" -- Femi Aribisala "What we have is a mumu government with mumu ministers." -- Femi Aribisala I hope Femi is IPad enough for you? |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by Tolakay: 10:05pm On Jun 13, 2016 |
Babacele: |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by agrovick(m): 10:06pm On Jun 13, 2016 |
To think I called him a comedian on that previous thread.
Op! Thanks for opening my eyes. 1 Like |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by Tolakay: 10:08pm On Jun 13, 2016 |
koboko69:LIFO |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by grandstar(m): 10:57pm On Jun 13, 2016 |
koboko69: Do you know that remittances brought in $21b in 2014? Oil may bring in the bulk presently but it has to be appropriately priced or else artificial scarcity of the sort that is happening now will occur. Many oil exporting countries like Russia and Columbia have seen massive falls in the value of their currencies following the crash in oil prices. They are not experiencing dollar shortages because they accepted market realities. Even super prudent Norway , a country whose budget will balance if oil hit $20 a barrel saw a 26% reduction in the value of its currency. Even Canada with a buoyant oil sector and we'll diversified economy saw the Canadian dollar go from parity to the dollar to 1 US $ buying 1.30 Can $. When your forex earnings are going down, your currency will naturally depreciate.When there is a massive influx, it will appreciate. Just like the mathematician does not determine 1+1=2, likewise you do not need the IMF to tell us the obvious. This is simple economics. Even the Hausa forex traders know this. 1 Like |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by koboko69: 11:18pm On Jun 13, 2016 |
grandstar: Some OPEC countries have devalued their currency, how exactly has it helped their economy? Hmm, which remittances brought $21bn? If the government raked on $21bn asides oil money in 2014, Jonathan has a billion questions to ans In b/w do u know the fx reserves in the countries u mentioned? Nigeria didn't really have dollar shortage when oil fell during Yar'Adua's reign, why....ans is a robust foreign reserve still strong enough to sustain a 15months import needs of Nigerians. 1 Like 1 Share |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by kedeojo(m): 12:06am On Jun 14, 2016 |
A big kudos to the poster. Some of us knew all dis for long but political sentiment will not let us speak d truth. The same banks government grant bailout too in excess of 600 billion some years ago, will now believe dey can now disobeyed, knowing fully were they are d regulators. Dis is actually d kind of government we are been waiting for. I urge all of us always choose d path of honour. Most of dis banks are not business inclined, cos their been operational is to provide avenue for corrupt government officials to starch our money in their banks and also help to keep in foriegn banks too for them. If u say u don't support government in dis, then it means u people are comfortable with d maltreatment of nigerians in the hand's of Chinese, Indians and Labanese notably. Let us always dwell in constructive criticism for the sake of our country as things will soon get better. |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by kedeojo(m): 12:07am On Jun 14, 2016 |
A big kudos to the poster. Some of us knew all dis for long but political sentiment will not let us speak d truth. The same banks government grant bailout too in excess of 600 billion some years ago, will now believe dey can now disobeyed, knowing fully were they are d regulators. Dis is actually d kind of government we are been waiting for. I urge all of us to always choose d path of honour. Most of dis banks are not business inclined, cos their been operational is to provide avenue for corrupt government officials to starch our money in their banks and also help to keep in foriegn banks too for them. If u say u don't support government in dis, then it means u people are comfortable with d maltreatment of nigerians in the hand's of Chinese, Indians and Labanese notably. Let us always dwell in constructive criticism for the sake of our country as things will soon get better. |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by jaz(m): 12:41am On Jun 14, 2016 |
A lawyer staff of a multinational audit firm quoted these sections relating to unionism and she got silenced right in the presence of everyone |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by folaonhigh(m): 1:28am On Jun 14, 2016 |
the government needs to check manufacturing companies at agbara ogun state, they pay poor money and some of them are not in union. this has to be check. |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by oluwaahmed: 5:17am On Jun 14, 2016 |
I think we nid 2 stop politicisin dis issue & call a spade a spade. How can sme1 rily be defendin d minister 4 his thoughtless comments. Dose dt wer sacked wer neither APC nor PDP, so y rush here 2 defend a dull comment 4rm a minister. Readin tru dis post I can say dat d likes of koboko69;omenka et all R all unemployed or work in d public sector. Yes d banks sack witout recourse 2 labor unions or laws, but is it a reason 2 withdraw deir licence? Do u knw ow many bankers will lose deir jobs if licence is withdrawn? Sme banks hav as much as 20,000 employees. So do d maths if 200 is sacked as againt d whole 20,000 sacked. Sme1 even unintelligent argued dt d govt will get sme oda bank 2 take ova d assest of d unlicensed bank or simply "nationalise it"( I ope u Dnt mean sell 2 tinubu ). D FG cannot even allocate enuff money 2 states talkless of injectin funds 2 sustain anoda bank. Also wit corporate acquisitns staff of d acquired bank are seen as toxic assests & laid off eventually. If Ngige had threatened sanctions it wld hav made a lota sense but d withdrawin license card actually made me lose respect 4 d man I tot was highly educated. Ow do u expct d banks 2 survive dis harsh economic trend wit inflatn @ abt 14% & smes closin shop err'day? Did d govt stabilize power, so dat banks won't spend billions on it evry month? D govt removed C.O.T; introduced TSA;no power, wer do u xpct d banks 2 now make d profit 4rm. Banks no longer lend cos bizs R not prospering, carry 20mill 4 fix deposit & chk ow much intrst u wld get; or rather still ow much is d govt sellin treasury bills now(i tink 8% 4 now). Pls I beg everybody unemployment is no joke. Dnt support any1 whose jagajaga policies will lead any1 @ hme. Dis is d time d govt has 2 step up & guide us outa dis mess. A rugged captain is known wen he sails outa rough sea successfully, he bcoms a legend. |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by olabalo4al(m): 5:30am On Jun 14, 2016 |
That is nigeria for u, a clime where rights is being infringed on by some elements who wants to sabotage the nation for their pocket and all u see, is the non informed ones blinded with religious/ethnicity/tribalism extremist come here to rant.... |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by dfrost: 7:24am On Jun 14, 2016 |
koboko69: koboko69 I concur with all your assertions but look at things from the other side of the divide too: 1. Has the government protected the rights of the employees ever since even when Labour intervenes? Do you think of there was a case where the government protected, people won't tap into such and use that as a precedent to use their rights? 2. What ever happened to dialogue instead of threatening? 3. Of course Ngige must have seen this coming so proactive measures of holding town hall meetings with stakeholders should have been the best option. What do you think? Before answering, please keep an open mind. I'm not a politician nor partisan. |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by hundredhundred: 7:25am On Jun 14, 2016 |
IsraeliAIRFORCE: Get lost, you are too proud and have no shame. Hypocrite |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by koboko69: 7:28am On Jun 14, 2016 |
dfrost: The option was dialogue was already opened before. The minister made the directives that sackings be suspended and negotiations should go on first, not up to a week after another bank announced laying off staffs. That was what occassioned the threat. Read Ngige's statement again. This as been going on in the past, but no minister had ever taken any action. Ngige should be applauded for this. |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by dfrost: 7:38am On Jun 14, 2016 |
koboko69: Thanks for the promptness in replying. What of points 1 and 3 raised? |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by koboko69: 7:54am On Jun 14, 2016 |
dfrost: Answered 3 already. As for num 1, if u read the news lately, you will see the bank have agreed to stop the sackings, as CBN and other stakeholders had a meeting with them. You can read here http://tribuneonlineng.com/banks-agree-to-halt-mass-sack This is the first time the government is taking proactive steps to stop this kind of mass sacking trend. |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by themanderon: 8:28am On Jun 14, 2016 |
its sad that many years of military rule has left many of us with slave mentality, we don't even want to fight for our rights, we are just content with the bowl of porridge we are given in exchange for fighting for what is truly ours. until we start doing things the right way in this country we will continue to remain in the woods. 1 Like |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by hajifaty: 8:46am On Jun 14, 2016 |
There is one thing that is certain in this country. Which is very obvious that 99 percent of Nigerians will remain fool and political bigot till the world end. If you try to correct them they call you all sort of names. 1 Like |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by dfrost: 9:10am On Jun 14, 2016 |
koboko69: I applaud the move. Hope we sustain it. I'm also concerned about employees whose wages have been slashed and those whose salaries have been stopped close to for months now. It's really a trying time for our economy. I hope we still provide food for our families By the grace of Almighty God. |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by grandstar(m): 9:50am On Jun 14, 2016 |
koboko69: You should be condemning Soludo rather than praising him. When the oil price collapsed rather than allow the naira to depreciate, he spent ab $20b defending the currency. Even the defence was ineffectual. The official rate was 122 while the black market fell to as low as 190. Immediately Sanusi took over, he devalued the currency to 150. Immediately, the black market climbed to around 155. This ended the pressure on the naira. Dollar shortages would have eventually occurred during Yaradua's time, if the oil price stayed low and Sanusi did not devalue, dollar shortages would have eventually occurred. You are asking what benefits did some countries derived from devaluations. You are asking the wrong question. Whether 1+1=2 is beneficial or not, it still remains 2. If your forex income is declining, your currency will weaken whether it is beneficial or not. That is the law. The benefits of devaluations can easily be derived by Buhari's refusal to devalue. First and foremost, their currencies have not crashed like the naira which is exchanging at 370 to the $. The disparity between the official rate and black market is small, less than 5%. There are no chronic dollar shortages. Factories and companies are not closing up and sacking workers left, right and centre. And most importantly, their economies are not plagued with a recession 1 Like |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by iswallker(m): 10:13am On Jun 14, 2016 |
DMeanMan: @dmeanman take it easy man, why you taking it out on me....am not the one who put the economy on recession... and on the contrary, am an individual with focus and i champion a lot of courses. God will help us... |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by AprokoNaija: 11:58am On Jun 14, 2016 |
koboko69:Thanks. |
Re: Ngige's Threat To Banks; See Labour Acts Breached By Banks: Know Your Right!!! by dearsly(m): 4:42pm On Jun 14, 2016 |
MVLOX: Dear Zombie!...Never quote me again! I'm not ya mate!... |
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