Senate Seeks Resolution Of Disagreement Between Banks And Labour

Posted by admin | 8 years ago | 2,344 times

The Senate Committee Chairman on Banking and Finance, Senator Rafiu Ibrahim has called for peaceful resolution of the disagreement between labour and banks over retrenchment.


Senator Ibrahim made the appeal at a public hearing on the emerging issues in the financial sector.


He commended the Federal Government for its willingness to work with the banks to find a common solution to the issue of retrenchment, which affects almost every family in Nigeria.


The Chairman also praised the Minister of Labour and Employment, Sen. Chris Ngige, for his intervention in the matter.


Ibrahim said the NASS was happy with the explanation by Ngige that he did not threaten that the Federal Government would withdraw licences from banks that continue to retrench workers; that it was a case of misrepresentation.


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