Business Nigerian Bank CEOs Promise to Minimize Mass Sacking of Workers

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LequteMan

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The authorities at Nigerian banks have promised to halt the mass sacking of its workers.

The bank chief executive officers under the aegis of the Bankers’ Committee of the Central Bank of Nigeria (CBN), stated this at the end of its 327th meeting held at the headquarters of the CBN in Abuja.

The managing director, Standard Chartered Bank, Mrs Bola Adelola, said the mass sack in the sector was discussed at the meeting and that the banks going forward would minimise the issue of job losses.

The committee also disclosed that banks would soon commence the National Collateral Registry (NCR), which would allow the use of assets such as cars, refrigerators, mobile phones among others, as collateral for loans, if they are registered.


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