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House of Reps threaten Mainstreet Bank over workers’ sack

The House of Representatives, weekend, threatened to declare Mainstreet Bank hostile to the parliament over its reluctance to comply with the lower chamber’s resolution to re-instate the 41 sacked

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قديم 07-09-2012, 07:14 PM
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تاريخ التسجيل: Apr 2012
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افتراضي House of Reps threaten Mainstreet Bank over workers’ sack

The House of Representatives, weekend, threatened to declare Mainstreet Bank hostile to the parliament over its reluctance to comply with the lower chamber’s resolution to re-instate the 41 sacked staff of Afribank which it inherited.

Chairman, House Committee on Legislative Compliance, Moroof Akinderu-Fatai, had expressed frustration at the way the management of Mainstreet Bank refused to cooperate with the committee in its bid to resolve the labour dispute between it and the former Afribank staff.


Akinderu-Fatai observed that the managing director of the Bank had never appeared before the committee despite several invitations sent to him and maintained that the committee decided to continue the intervention in the interest of peace and justice for the 41 sacked staff of the predecessor bank.


He expressed surprise that the new Bank would only acquire the assets of the Bank and reject all its accompanying liabilities including the sacked staff who were expected to be reinstated.


Said he: “If we cannot resolve this, we may be left with no other option than to report back to the House that they have refused to comply with the resolution and the House would regard Mainstreet Bank as being hostile to the parliament. This means that the Bank should forget having anything to do with the parliament.”


According to him, “the Bank had insisted that it cannot reinstate the sacked workers unless the Central Bank of Nigeria, CBN, and the Nigeria Deposit Insurance Corporation, NDIC, endorsed the decision, but these agencies had informed the House that they had no such powers over Mainstreet Bank.”


Officials of NDIC, CBN and AMCON who were at the hearing disclosed that they had no power to dictate on what the Bank would do as such critical decision concerning employment and sack of workers rests solely with the management of Mainstreet Bank.


The committee frowned at the disposition of the Bank to the resolution of the matter as Chairman of the House Committee advised the agencies involved in the labour dispute to resolve the matter amicably.

House of Reps threaten Mainstreet Bank over workers’ sack.

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