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NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
By ESENVOSA IZAH
The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has called for compensation and settlement of its members in Heritage Bank Plc. Beingliquidated.
The ASSBIFI’s President, Mr Olusoji Oluwole, made the call in a statement on Wednesday in Lagos.
Oluwole expressed concern over the fate of members of the union in the bank, saying that they should not be unfairly treated.
According to him, the future of the affected workers is hangingin the balance.
He alleged that there was no mention of any plan to settle the workers in the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) publications and liquidation process.
“Coming at a time when the economy is in serious crisis, with hyperinflation and high unemployment rate, it is most disheartening that workers who faithfullyput in their best for decades in the bank will be abandoned to perish in penury.
“We expect and believe that NDIC will factor into the liquidation plan,criteria for compensation and settlement of the workers, “ he said.
He called on CBN and other regulators in the banking industry to deeply investigate the transactions and activities that caused the collapse of Heritage Bank.
Oluwole also called on the regulators invoke appropriate actions to recover debts and apply sanctions against any institutions or persons found guilty.
“The recent CBN order revoking the operational licence of Heritage Bank Plc. Did not come to ASSBIFI as a surprise.
“This situation could have been avoided if the regulatory authorities had heeded to the various clamour from staff, ASSBIFI and the public on the plight of Heritage Bank,” Oluwole said. (NAN)
