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In Nigeria; Senate Summons Labour Minister Over Threat To Banks


Abuja – The Senate has actually mobilized the Minister of Labour and also Employment, Chris Ngige over his danger to take out the permit of any kind of financial institution that retrenches its staff.

The summon follows a point of order raised on the floor of the Senate on Wednesday by Rafiu Ibrahim, Chairman Senate Committee on Banking, Insurance and other fFnancial Institutions.

News24 reports that Ngige had on Tuesday threatened that the federal government will withdraw the operating license of any bank and telecommunication company that failed to yield to its earlier directive to stop mass sack of workers in their employ.

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Ngige issued the threat in Geneva, Switzerland while addressing newsmen after the plenary session at the on-going 105th  session of the International Labour Conference (ILC) of the ILO.

But the Senate on Wednesday said it would investigate the threat.

The Senate also summoned the Central Bank of Nigeria (CBN) and managements of banks.

No date has been fixed for the appearance of Ngige and others summoned.

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