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government gave the licences to the banks to operate and if its directives are not adhered to the licences will be withdrawn if the need arises.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.”


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.

Sad News – Amodu Shuaibu Is Dead (Ex-Coach, Super Eagles)

Coach Amodu Shaibu on time manages of the Nigerian Super Eagles and Technical Director of the NFF is dead.
Amodu Shaibu died in Benin three days after the death of former Super Eagles Captain and Coach, Stephen Keshi, who also died in Benin. Reports have it that Shaibu Amodu complained of chest pains on Friday night and died in his sleep. 

See The Gift Tonto Dikeh Received From a Fan - You Have to See This !

A fan decided to show love to Nollywood actress Tonto Dikeh by giving her a painting of herself today.
Tonto who shared a photo of her gift and the fan on Instagram said she will put it up in her new home.
What do you think about the gift?