Associated Release, Lagos, Sunday, January 09, 2011
The Management of Intercontinental Bank Plc last Friday met with the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), in Lagos with a view to resolving the planned industrial action. Similarly, the Managements of Oceanic Bank Plc and Unity Bank Plc have also scheduled same meetings.
Based on the on-going discussions, it is expected that normal services will continue in these institutions until otherwise advised.
The managements of the three banks have advised customers to go about their businesses as none of the banks' branches would be picketed.
It would be recalled that the two unions in the banking sector - ASSBIFI and its junior staff counterpart, the National Union of Banks, Insurance and Financial Institutions Employee (NUBIFIE) had threatened to shut Oceanic Bank, Intercontinental Bank and Unity Bank tomorrow (Tuesday) over the exit of some of their members of staff.
Confirming the move by Intercontinental Bank to resolve the matter, National Deputy President, ASSBIFI, Mrs. Oyinkan Olasanoye, said the Union had meaningful discussions with the management of the Bank last Friday.
According to Olasanoye, who said: "We met with the Management of the Intercontinental Bank Plc today (Friday). We are trying to resolve the matter. We have started discussions and we are not going to picket the bank, said Olasanoye.
Intercontinental Bank Plc had recently promoted 653 staff while relieving 165 staff of their duties based on performance and disciplinary issues.
Unity Bank Plc had also two weeks ago, asked staff with performance issues to exit based on the terms of their employment, which provide that underperforming employees would not be retained by the organisation.