ASSBIFI Cautions Banks Over Unreasonable Targets, Urges FG To Intervene | Independent Newspapers Limited
Newsletter subscribe


ASSBIFI Cautions Banks Over Unreasonable Targets, Urges FG To Intervene

Posted: Sep 30, 2015 at 12:23 am   /   by   /   comments (0)

By Nkasiobe Oluikpe,


The Association of Senior Staff of Banks Insurance and Financial Institutions (ASSBIFI) has called on the Federal Government to caution banks over the setting of unreasonable targets and perpetuation of casualization and outsourcing of staff so as to avert looming industrial crisis in the banking industry.

ASSBIFI’s President, Comrade Sunday Salako, made this appeal in Lagos yesterday at a press conference on the successful resolution of the intra-union crisis between ASSBIFI and Union Bank/UBA units.

He said the preponderance of unreasonable targets, outsourcing and casualisation  in the sector is unprofessional and satanic, adding that  his union would not watch helplessly without doing something concrete to promote healthy banking in Nigeria.

He said: “We are ready to do business with employers in the financial sector in Nigeria with the highest ethical and professional standards. We have strengthened the capacity of our members nationwide to cope and deliver results in their assigned jobs.

“We are ready to grow organisations with our requisite skills and knowledge but we will not allow employers to hit us below the belt with unfriendly policies.

Salako further said the change revolution being  promoted  by President Muhammadu Buhari’s administration should also wished away  era of financial recklessness and  corruption in the nation’s financial sector.

According to him, the successful resolution of the intra-union squabble would not only strengthen ASSBIFI but also empower the union to frontally protect workers in the sector as well as be in the vanguard of healthy banking system in Nigeria.

Salako, who expressed satisfaction over the resolution of the eleven years crisis, said the Central Working Committee of ASSBIFI has now been expanded from 15 to 19 to pave way for members of the re-absolved commercial banks.

He said: “Without mincing word therefore, we want to equivocally reiterate here that the intra union crisis between ASSBIFI National Secretariat and Union Bank/UBA Units have been successfully resolved with effect from 1st August, 2015.

“Interestingly, the court upheld the Settlement Agreement signed by both parties in 2007 and that agreement has been duly implemented now. It is also of importance to note that the units have been remitting their check-off dues with effect from August 2015.

“Indeed, we would like to say that the resolution of the crisis was made possible mostly because of the disposition of the current leadership of Union Bank and UBA Units,who discovered that it was sheer foolhardly to continue the litigation at the detriment of our teeming members,who have been at the receiving end since 2004.”