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Senate summons Labour Minister over threat to banks

08 June 2016, 14:37

Abuja -  The Senate has summoned the Minister of Labour and Employment, Chris Ngige over his threat to withdraw the license of any bank that retrenches its staff, reports The Cable.

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.

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.

Also read: Diamond Bank fires 200 workers

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.

- News 24


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