Minister of Labour and Employment, Chris Ngige, has been told to appear before the Senate over his threat to withdraw the license of any bank that retrenches its staff. The Senate said it finds the threat alarming and could create more problems. Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Rafiu Ibrahim, said…
Tags: banks
BREAKING: FG Orders Banks To Stop Retrenchment Exercise
Financial institutions in Nigeria have been ordered to put a halt to the mass retrenchment exercise embarked upon by some of them lately. A statement issued on Friday by Minister of Labour and Employment, Chris Ngige, disclosed that this decision is coming due to issues in the industry. “Following spate of petitions and complaints from…