Unions to shut down banks nationwide from January 2, 2020
sunnewsonline.com Nov 18, 2019 4:53 AM
Bimbola Oyesola

Bearing last minutes intervention by the Federal Government, workers in the nation’s banking sector at the weekend threatened to ground all banking operations nationwide begining from January 2, 2020.

The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) and its counterpart, the National Union of Banks Insurance and Financial Institutions (NUBIFIE) told newmen at the weekend that workers in the sector would embark on an indefinite strike over failure of their employers to review the Collective Bargaining Agreement in line with extant law. Speaking at the ASSBIFI 10th Triennial National Delegates Conference held at the NAF Conference Centre, Abuja, the President of the union, Oyinkansola Olasanoye said there has been a deliberate disrespect of Human Rights by some of the employers (Banks) contrary to the provision of the Central Bank of Nigeria (CBN) anchored principle three of Nigeria sustainable banking principles (July 2012).

“We have been stretched beyond limit and we are by this meeting informing our employers and the Federal Government that if they employers in the banks fail to come to the negotiating table as we have written them, by January 2, 2020 the two unions in the sector will shut down operations,” she stated. She lamented that despite the fact that the union as a reasonable trade union has continued to use dialogue option, the employers have been reluctant and refused to come to the negotiation table for a review of the expired Collective Agreement for the industry since 2007 as per provisions of Wages Board and Industrial Council Acts of 1973.

“It is on this note that we are again reminding the Minister of Labour and Employer, and the employers in the finance sector to come to the negotiating table to ensure appropriate review of the collective bargaining agreement in line with the extant laws,” Olasanoye said.

The ASSBIFI President who was re-elected for the second term saluted the courage and commitment of the CBN for policy formulations in the quest to resuscitate the economy. She however urged both the CBN and National Insurance Commission (NAICOM) to thread with caution and not to stampede operators or allow ill-experience foreigners to hijack the companies in the name of recapitalisation, adding that this will further jeopardise the situation in the financial services sector .

“Besides, the regulators should keep applying best of wisdom in the process, knowing full well the implication of this policy on job losses to a willing workforce”, she added.

Also speaking at the event, the President, Trade Union Congress (TUC) , Quadri Olaleye, said the rate of unemployment and crime has been on the rise.

https://www.sunnewsonline.com/unions-to-shut-down-banks-nationwide-from-january-2-2020/

Hmm

Why?
I have money In my acct at the moment, but before then, am certain money will come my way. I will withdraw all my cash before December 25th

Nothing seems to work again in this country,I would love to see the change we voted for

Even ministry of works no get work. This country is becoming a waste of space in world map.

2020?
They need enough time to collect egunje.

Why didn't they shut it down now and let them come back and collect 13th month.

Anyway, whatever would make banks stop paying their casual staff peanuts, I'll encourage it.

Which one be union again.. Is it union bank?

Strike. Strike.. Strike...
Everybody just Dy strike anyhow.

At what point does the common man begin to feel the impact of these strikes sef? From NLC to ASUU to those oil guys, we never see anything. When would citizens rise up to 'strike' against the hunger, insecurity and corruption in the land?

P.S As December Don Dy reach, the oil guys go soon strike so them go fit Hurd petrol and cause scarcity.

All is well

yes shut it down day must get sense by force

Hmm! Trust the banking sector, they would retaliate by massive layoff.

Na to withdraw all my money before that time!

I read and i nor know why

Z

K

It is well.

Hmm

This country is not just working...


I am a professional website designer...check my signature

OK na every body one go on strike we go known who win and who lose

Then I go carry AK-49 go retrieve my money

Make we withdraw money to use for house when una go strike!

It will be settled before that date sha. I trust my zoogeria ogas at the tops

................ after nnpc and entire petroleum sector, this is the second most corrupt industry and sector in Nigeria.
I just dislike the banking sector for everything it represents.

let me withdraw all my cash bikonu

Finally, Buhari Economy Policies don Catch Up with this Upcoming Bank

please what is the bone of contention? are they fighting for casualisation of workers, or they need more money to fund the organisation? or banker salaries should also be review upward?

This one Na empty threats now..

I have never read or heard about banks going on strikes

Why wait till next year


Please shut it down tomorrow

Fools

Before January 2 they will cancel it and extend it.

would be interesting if this is true and doable
bank workers are among the most exploited in our landscape
our banking industry is a model for aspiring 1%ers everywhere

No problems