Union tasks buyers of Polaris Bank on job security of staff

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Polaris Bank customers to win N26m in ‘Save and Win’ Promo Campaign
Polaris Bank customers to win N26m in ‘Save and Win’ Promo Campaign

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has urged the new owners of Polaris Bank to ensure that the jobs of the existing staff are secured.

The union made the call in a statement signed by its Secretary General, Mr Sheikh Muhammed, on Sunday, following the recent sale of the bank.

The News Agency of Nigeria (NAN) reports that the Central Bank of Nigeria and the Asset Management Company of Nigeria had on Oct. 20 announced the sale of Polaris Bank to Strategic Capital Investment Limited.

The House of Representatives on Wednesday okayed the sale of Polaris Bank, noting that the acquisition followed laid down procedure and the relevant presidential approval.

‘’As a Union, we insist on the right thing to be done, even as we are prepared to defend the rights of our members in any eventuality arising therefrom.

‘’Whoever comes onboard at Polaris Bank must be prepared to treat existing staff with utmost care and…



Source: Vanguard Newspaper