Saving & Banking

Good News for workers in Nigerian banks over retrenchment




CBN Governor Emefiele


Commercial banks in the country had assured that they would halt retrenchment of staff and contribute to stimulation of the economy, the Central Bank of Nigeria(CBN) said on Wednesday.

Mrs Tokunbo Martins, Director, Banking Supervision of the Central Bank of Nigeria (CBN) made the disclosure while briefing newsmen at the end of the Bankers Committee meeting in Lagos.

READ ALSO  How we usually rob ATM users of their money,suspect reveals

Martins said that chief executive officers of the banks reminded themselves of the role of banks in a challenging economy, with regards to lending.

According to him, the executive officers interfaced with key players in the pension industry on how the country can leverage on the huge opportunities in the sector to stimulate the economy.

He said that deliberation at the meeting centred on the safe investment of pension funds.

READ ALSO  AfDB, UBA sign $ 150 million line of Credit

There have been uneasy calm in the banking industry in recent time due to the retrenchment of bank staff.

As the retrenchment escalated, the Minister of Labour, Dr Chris Ngige, had a dialogue with banks authorities on how to end the exercise.

To Top