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Nigerian Labour Union, NLC Directs Officials To Visit Commercial Banks To Ascertain Level Of Cash Scarcity

March 28, 2023

This is coming ahead of the labour union’s National Executive Council (NEC) meeting on Tuesday (today).   

The Nigeria Labour Congress (NLC) has directed its officials to monitor commercial banks across the country and report the availability and dispensing of Naira notes.

This is coming ahead of the labour union’s National Executive Council (NEC) meeting on Tuesday (today).   

According to the directives, the officials of state councils of the NLC and industrial union affiliates are to take pictorial evidences of the actual situations at each deposit bank they visited to confirm “whether the banks are dispensing cash or not, and report same to the NLC headquarters.”

It was gathered that the monitoring exercise would end by 12.30p.m to enable the NEC meeting that will commence by 1p.m at the Labour House, Abuja, where the labour union will take a final decision on Wednesday’s planned nationwide strike over the protracted Naira scarcity.

It was learnt that the National leadership of NLC issued the directive Monday after it reportedly held a closed door meeting with the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele and the Minister of Labour and Employment, Chris Ngige, over the planned strike.

Confirming the directive, an official of the NLC was quoted as saying, “Yes, the directive was given yesterday.  Union leaders are to go around their areas to monitor commercial banks this Morning before 12.30pm and show pictorial evidence of the situation at the banks.

“Whether they are dispensing cash or not. The pictorial evidences are to be forwarded to Congress headquarters to be us assess the activities of Commercial banks before the NEC meeting by 1pm to enable us take a final decision on tomorrow’s planned industrial action.”