No fewer than 50 ex-staff of non-consolidated
banks in Nigeria have lost their lives following the
alleged failure of the Central Bank of Nigeria, CBN,
Nigeria Deposit Insurance Corporation, NDIC,
ministers of finance, among others to facilitate
payment of their terminal benefits since they were disengaged in 2004. A member of the registered trustees of
Association of ex-staff of
Non-Consolidated Banks in Nigeria, Moses Okorie
disclosed this to
Journalists in Enugu. He explained that the demise of his colleagues
was caused by the
hardship they had been passing through since
they were asked to go
home without their terminal benefits, adding that
those who were still alive could no longer take care of their families. He insisted that payment of their terminal benefits
was long overdue as all of them had relocated to
their villages because they could not longer afford
to stay in the township. Meanwhile, the National Industrial Court sitting in
Enugu, presided over by Justice A.K Ibrahim has
adjourned the suit brought before it by about
14,000 of the ex bank workers against the CBN,
NDIC, minister of finance, among others to
January, 29th 2014 for adoption of written addresses. Earlier during the court’s sitting, counsel to the
ex-bank workers, Emenike Azubuike had told the
court that the 5th defendant, (the Attorney
General of the Federal Republic of Nigeria), caused
“us a big set back” by filling
preliminary objection about 6 months since the matter commenced. It could be recalled that more than ten thousand
former workers of non-consolidated banks in
Nigeria, dragged the CBN to court, seeking from
the court a declaration that they
are entitled to amelioration and compensation in
terms of their terminal benefits, salary arrears and allowances in accordance with the ‘Social Safety
Net’ enshrined in the CBN Guidelines and
Incentives
on consolidation in the Nigeria Banking Industry
of August, 5, 2004. The ex-workers also joined the NDIC, ministers of
finance, labour and productivity, and the
Attorney General of the Federation in the suit. The aggrieved ex-bank staff workers who sued as
the registered
trustees of Association of Non-Consolidated
Banks, Nigeria, are also
praying the court to determine “whether having
regards to the CBN Guidelines and Incentives on Consolidation in the
Nigerian Banking
Industry of 5th August 2004, particularly the
‘Social Safety Net”, they are not entitled to be
ameliorated and compensated in terms
of their terminal benefits, salary arrears and allowances.
banks in Nigeria have lost their lives following the
alleged failure of the Central Bank of Nigeria, CBN,
Nigeria Deposit Insurance Corporation, NDIC,
ministers of finance, among others to facilitate
payment of their terminal benefits since they were disengaged in 2004. A member of the registered trustees of
Association of ex-staff of
Non-Consolidated Banks in Nigeria, Moses Okorie
disclosed this to
Journalists in Enugu. He explained that the demise of his colleagues
was caused by the
hardship they had been passing through since
they were asked to go
home without their terminal benefits, adding that
those who were still alive could no longer take care of their families. He insisted that payment of their terminal benefits
was long overdue as all of them had relocated to
their villages because they could not longer afford
to stay in the township. Meanwhile, the National Industrial Court sitting in
Enugu, presided over by Justice A.K Ibrahim has
adjourned the suit brought before it by about
14,000 of the ex bank workers against the CBN,
NDIC, minister of finance, among others to
January, 29th 2014 for adoption of written addresses. Earlier during the court’s sitting, counsel to the
ex-bank workers, Emenike Azubuike had told the
court that the 5th defendant, (the Attorney
General of the Federal Republic of Nigeria), caused
“us a big set back” by filling
preliminary objection about 6 months since the matter commenced. It could be recalled that more than ten thousand
former workers of non-consolidated banks in
Nigeria, dragged the CBN to court, seeking from
the court a declaration that they
are entitled to amelioration and compensation in
terms of their terminal benefits, salary arrears and allowances in accordance with the ‘Social Safety
Net’ enshrined in the CBN Guidelines and
Incentives
on consolidation in the Nigeria Banking Industry
of August, 5, 2004. The ex-workers also joined the NDIC, ministers of
finance, labour and productivity, and the
Attorney General of the Federation in the suit. The aggrieved ex-bank staff workers who sued as
the registered
trustees of Association of Non-Consolidated
Banks, Nigeria, are also
praying the court to determine “whether having
regards to the CBN Guidelines and Incentives on Consolidation in the
Nigerian Banking
Industry of 5th August 2004, particularly the
‘Social Safety Net”, they are not entitled to be
ameliorated and compensated in terms
of their terminal benefits, salary arrears and allowances.
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