15 years after, ex-bankers struggle for terminal benefits
05 July 2022 |
2:40 am
Over 1,000 bank workers, who lost their jobs to the 2006 N25 billion recapitalisation demand by the Central Bank of Nigeria (CBN), are still fighting for their terminal benefits.
Central Bank of Nigeria governor Godwin Emefiele.<br />Photo/facebook/cenbankng
Over 1,000 bank workers, who lost their jobs to the 2006 N25 billion recapitalisation demand by the Central Bank of Nigeria (CBN), are still fighting for their terminal benefits.
The apex bank had revoked operational licences of 13 commercial banks for allegedly failing to attain the financial threshold.
The erstwhile bankers, under the aegis of the Association of Ex-Staff of Non-Consolidated Banks of Nigeria, lamented that they have reportedly lost over 300 members, while a good number of others are supposedly experiencing hardships and ill-health.
The retired workers, in their suit, accused CBN of “acting contrary to the law in the consolidation exercise, as it has reneged on its promise to ensure that the interest of the disengaged workers was protected following the withdrawal of the licences of the banks that they were working for.”
Following several court actions, the chairman of the association, Magnus Maduka, at a press conference, over the weekend, said in the first instance, that they were expecting some N5.7 billion from the roughly 1116 cases that took Nigeria Deposit Insurance Corporation (NDIC) and CBN to court.
He said the association believes that NDIC and CBN did what they deemed expedient, stating that they only went to test their decisions in court.
The group appealed to both bodies to be magnanimous in settling their claims without delay.
“We want NDIC and CBN to comply with the judgment of the court on our matter without further delay. We have waited for over 15 years and we cannot continue to wait. In the first instance, we are expecting about N5.7 billion for 1116 of us who took NDIC and CBN to court.
“We appeal to NDIC and CBN not to waste our time in carrying out the judgment. Going to the Court of Appeal is a waste of time. We are not responsible for the financial crisis of the country, and we should not be held hostage.
“Our members have served this country in the banking industry for years of our lives. Some for over two decades. We are not responsible for the economic doldrums of our nation. We believe the delay in settling claims is uncalled for and could be misinterpreted to be callously punitive and not serve any positive purpose whatsoever.
“The aggregate of our benefits is a pittance to CBN and NDIC. The CBN has the weightier matter of checking the free fall of naira on its plate than the ‘crumbs from the table’ that our members have demanded for some 15 years,” he said.
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