Skip to main content

Federal Govt. Threatens To Revoke Licences Of Banks Violating Its ‘No Sack' Directives

Following the news of the retrenchment of 200 staff of Skye bank today, the federal government has released a statement threatening to sanction banks and telecommunication companies, that fail to comply with its order to suspend retrenchment. FG on June 4th, prevailed on Banks and Insurance companies to



halt retrenchment exercises for now due to the hard economic realities.
The Minister of labour and employment, Chris Ngige gave the warning at the 105th session of the International Labour Congress (ILC) in Geneva, Switzerland today June 7th.

“The federal government gave the licences to the banks to operate and if its directives are not adhered to the licences will be withdrawn if the need arises. We will go a step further if they continue. We know what to do. They need to comply. They need to come to the negotiation table. We halted the spate of sack in the oil industry and we succeeded. Even if you are going to lay off, there is a way to declare redundancy, there is a process. Section 20 of the labour act says it. You must call the unions and discuss with them.

You don’t just treat them as slaves in their own country and you want us to keep quiet. We want them to maintain the status quo. As far as I am the minister of labour, I will protect the interest of workers; same to the telecommunication companies, they are also talking about compiling lists without discussing with anybody.”

Comments

Post a Comment

Popular posts from this blog

Nollywood Actor, Yemi Solade Compares Cynthia Morgan to a Cow

Yoruba Actor,  Yemi Solade  yesterday took to his instagram shade to throw a heavy subtle shade at Dancehall artiste –  Cynthia Morgan . He posted a side by side picture of Cynthia Morgan with a Cow and captioned it  “COWsquare” . He was referring to the fact that Cynthia’s had a nose ring on in the picture…same as the cow. His reasons and intentions for pulling this is unknown, but Yemi claims he never knew Cynthia Morgan was an Entertainer. He has since deleted the post from instagram and has refused to apologize…instead he is battling a blog on instagram who first reported the story. Fans are saying he should just apologize and move on.
Post a Comment
Read more

Hahaha! Read Hilarious Open Letter To Coca-Cola By An Angry Consumer

Hahaha, Mehn! Some people dey para oh!!! The ongoing Coca-Cola “Share A Coke” campaign has really gotten loads of consumers worked up as they are yet to find their names on a Coca-Cola bottle. Consumers including @dj_staffy who wrote an open letter to them on their Instagram page. It’s hilarious! The dude is really pained. LOL Read below: AN OPEN LETTER TO COCA COLA ! The MD/CEO Coca Cola Nigeria and Worldwide Sir/Madam Let me start by saying a ‘Big kudos’ to your company for a fantastic idea, “Share A Coke”. It’s indeed an awesome innovation! But then let me quickly bring to your notice that following the wonderful strategy of share a coke, collect a coke or buy a coke, whatever name you call it. Where someone’s name is written on the (plastic) Coke bottle or Can. I have noticed with total dismay that ‘Nobody Has Shared or Bought any form or shape of Coke for me’! And this is because, according to my little resear...
Post a Comment
Read more

You Have To Read This Hilarious Open Letter to Jim Iyke for Dating a White Woman

Jim Iyke welcomed his child named Harvis Chidubem Iyke with his white boo Dana Kinduryte last week. A fan who’s very sad to hear the news wrote an open letter to blast the actor. The letter was published on PlaygroundTV. Read it below. Dear famous guys. Some of you were born with you riches, some acquired, some are self-made. This is to all male celebrities/politicians/famous big boys. Here is a lady expressing herself, I woke up this morning with the news of another home base celebrity choosing a white chick over us Haba! Na wetin na? We help in making you popular by buying your CD’s and DVD’s, watching your movies, watching you play soccer and after so much shouting and screaming at the top of our voices in support of your career what do we get in return? Nothing! Instead you chose to date and marry the white chick. Where were they when we were screaming and shouting our strength out in support of your career? Very soon Europeans will ban you guys from da...
Post a Comment
Read more