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ASSBIFI kicks as First Bank sacks 6000 workers


Chairman, First Bank Nigeria Limited, Ibukun Awosika

Indications have emerged that the banking sector is still facing hard times as First Bank of Nigeria has sacked over 6000 outsourced workers and 281 core staff without recourse to the provisions of the Labour Act and collective agreement since August 2017.

The Guardian learnt that the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has, however, vowed to cause industrial unrest in the financial institution if its disengaged members were not reinstated.

A source said that the union has petitioned the Minister of Labour and Employment, Chris Ngige, notifying him of their next line of action by picketing First Bank and other banks over unlawful disengagement of workers.


However, when The Guardian called ASSBIFI’s office, the union confirmed that there was a case between it and the bank, saying they are still working on it, as the matter is already between the Ministry of Labour and Employment and First Bank.

The union also stated that the Minister was ready to intervene in the matter to ensure the sacked workers are called back.

The source added that the union also threatened to inform the bank’s customers to make withdrawals during period of unrest, as they were ready to shutdown the bank’s operations if they fail to act before the agreed date.

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