• FG Threatens To Revoke Licences Of Banks For Violating ‘No Sack’ Order

    FG Threatens To Revoke Licences Of Banks For Violating ‘No Sack’ Order

    The federal government has threatened to sanction banks and telecommunication companies, which fail to comply with its order to suspend retrenchment.

    The minister of labour and employment Chris Ngige’s statement comes after Skye Bank laid off 175 staff. The bank took the action on Monday, which happened to be the next working day after the directive by the minister. He gave the warning on Tuesday at the 105th session of the International Labour Congress (ILC) in Geneva, Switzerland. The minister expressed […]