Worker’s union in Nigeria have vowed to picket banks that failed to recall sacked workers.

Also, the Federal Government had directed banks which late last year and early this year sacked thousands of employees without due process to recall them or face sanction.

The government gave the directive after a meeting with labour representatives, workers’ unions and representatives of the affected banks recently in Abuja.

Mr Jarvis Erohmosele, General Secretary, Association of Senior Staff of Banks, Insurance and Financial Institution (ASSBIFI), said the government’s directive was in line with the unions’ demands.
"We will picket any bank that does not comply with the government’s directive,’’ Eromhosele said, adding that the government’s decision would stop the mass sack embarked upon by banks following the recent financial instability in the sector.
The Central Bank of Nigeria (CBN) was also indicted to have given the banks the directive to reduce it work force.
But the CBN Governor, Sanusi Lamido Sanusi rose in the defence of the apex bank.

Sanusi argued that right-sizing in the banking industry was a matter for the banks and not for the apex bank.

He said it was not the business of the CBN to determine the staff strength of any bank and as such, denied insinuations that the CBN gave directives to banks to retrench.