By Afolabi Oyekunle. Most banks in Lagos state on Monday locked their premises and refused to pay money to their numerous customers as they said they are waiting further directives from the Central Bank of Nigeria.   It was observed that the banks decided to close their offices while awaiting further directive from the Central Bank of Nigeria following the Supreme Court’s ruling of Friday. A seven-member panel of the apex court on Friday held that the old N200, N500 and N1000 notes remain legal tender until December 31. It also nullified the Federal Government’s naira redesign policy, declaring it as an affront to the 1999 Constitution.                          CBN It was also observed that many customers who were at their banks to make transaction were disappointed as they were denied access. A representative of one of the banks,   said that they decided to close their gates pending directive from th...

By Afolabi Oyekunle. Outsourcing companies in the banking sector have been  challenged to copy the practice in other countries and emulate same in Nigeria. National President of National Union of Banks Insurance and Financial Institutions, ( NUBIFIE) Comrade Anthony Abakpa said the way outsourcing is practice in other countries  is not the way it is practice in Nigeria. Speaking with Correspondent Afolabi Oyekunle, Comrade Abakpa said workers should be treated according to International Labour Organization (ILO) acts on outsourcing and all the conditions laid down by the Ministry of Labour and Employment. NUBIFIE National President  Comrade Anthony Abakpa. He said some outsourcing companies still see their employees as those they could shortchanged and subject to unfair labour practices. Comrade Abakpa said outsourced staff should be entitled to collective bargain, right incentives and clear conditions of services from  their point of entry and departure ...

By: Afolabi Oyekunle. The era of Casualisation of workers in the country without regard for their welfare,  seems to be on the way out, as Nigeria Labour Congress (NLC)  is out to regularise and ensure employers comply with labour acts. Towards this the Nigerian Labour Congress is all out to confront employers who delight in enslaving workers in the name of Casualisation. The newly elected president of Nigeria Labour Congress, Comrade Joseph Ajaero said it will not be business as usual for the employers as the Congress under his leadership is out to engage such employers, and to achieve this, it is reviving its anti casualisation committee to work with the industrial unions under NLC. Ajaero emphasised the position of the NLC to workers during his tour of industrial unions in Ogun and Lagos states. Ajaero speaking at one of the unions flanked by NUCFLAMPEE president Comrade Olatunji Adegoke. The NLC president therefore order the industrial unions to comply the name...

By: Afolabi Oyekunle.  The Cashless policy of the Central Bank of Nigeria has more advantages than disadvantages, as it is capable of boosting the economy, reduce kidnapping, theft and needs to be supported by the people.  NUBIFIE National President Comrade Anthony Abakpa. This is coming from the National Union of Banks Insurance and Financial Institutions (NUBIFIE), as the Union hierarchy, the National President Comrade Anthony Abakpa and General Secretary Comrade Mohammed Sheik spoke to Correspondent Afolabi Oyekunle. The President Comrade Abakpa said the policy will do the country  and the people a lot of good which has already started manifesting as kidnapping is presently at the lowest ebb, and many kidnappers have been forced to relocate. Comrade Abakpa said as a result of the cashless policy, money will revolve in the banks, and the banks will be able to use it for businesses, having enough to lend for trade and commerce thereby boosting the economy. He...

Afolabi Oyekunle.                  NLC president Comrade Joe                     Ajaero. The Labour Party as presently stand does not serve the interest of Nigerian workers but those using the party to fulfill their political ambitions. This is coming from the Nigeria Labour Congress President Comrade Joe Ajaero who has vowed that the party is to be reorganised, ideologies and make it conform with demands of workers. Ajaero said this while touring several industrial unions where he preached to the workers to be political active.  The NLC president said henceforth anybody that is elected on the platform of the Labour party must meet with the ideology stand of the NLC; must not be anti-labour and should be corrupt free. He said the NLC would not watch to see a Labour party that is not representing the interest of workers. Ajaero called on workers to see the Labour party as their...

By Afolabi Oyekunle. The Maritime Workers Union of Nigeria has issued a two week ultimatum to the Federal government for the payment of all monthly payments of seafarers or face shutdown of maritime sector. The ultimatum was given in.Lagos by the President General of the union, Comrade Adewale Adeyanju at the instance of the newly elected President of Nigeria Labour Congress Comrade Joseph Ajaero, who frowned that the seafarers have not been paid their allowances. .             MWUN President Comrade                              Adeyanju. Ajaero who was at the headquarters as part of his tour of unions was told by Comrade Adeyanju that the International Oil companies OIC had refused to obey government marine notice 106 of 2014 as well as extant stevedoring regulations on payment of desiring workers. Ajaero said it is unheard of that the union had written to government to ...