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BREAKING: Ministry of Labour directs NIBSS to pay redundancy benefits to 23 sacked workers

“The management of NIBSS is hereby directed to commence redundancy negotiations with the workers' representatives in line with the provision of Section 20 of the Labour Act."

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NIBSS Headquarters

The Ministry of Labour and Employment has directed the Nigeria Interbank Settlement System, NIBSS to commence redundancy negotiations with the 23 ex-workers sacked by the firm recently.

In a letter dated 25th November 2019, obtained by our correspondent on Thursday, the Ministry described as unfair the way the staff were laid off and directed NIBSS to pay the appropriate redundancy benefits.

“The management of NIBSS is hereby directed to commence redundancy negotiations with the workers' representatives in line with the provision of Section 20 of the Labour Act, sub-section 1(a) and 2 in the interest of social justice, equity and fairness,” said the letter which was signed by the Permanent Secretary Ministry of Labour and Employment, Mr William Alo on behalf of the Minister of Labour, Dr Chris Ngige, and addressed to NIBSS.

The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) was copied.

Also, read How NIBSS violated its HR policy in sacking 23 staff

According to the letter: “The Ministry's position is that the management of NIBSS acted unfairly and did not take into consideration the psychological effect of the sudden loss of employment could cause the affected workers, especially when they have put in between 5 - 25 years in the service of your organisation;

“Regrettably, the deduction of "unearned upfront payment" from the workers' contributory gratuity scheme of the bank was unjust, given that it was management's decision to terminate the employment of the affected workers.”

The ministry said it viewed “the termination of the 23 workers at once without cause, as a case of redundancy, as it is an indication of excessive manpower, as enshrined in Section 20 of the Labour Act, CAP L1, Laws of the Federal Republic of Nigeria (LFN) 2004”.

You can read the full letter here

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