By investadvocate

Jan 10 2011 03.02 GMT

Lagos (INVESTADSVOCATE)-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.

 

This was contained in a Release made available to investadvocate by Media Consultant to the three Banks Sunday January 09 2011 in Lagos Nigeria.

Similarly, the Managements of Oceanic and Unity have also scheduled same meetings.

Given these developments, 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, 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 staff.

Confirming the move by Intercontinental Bank to resolve the matter, National Deputy President, ASSBIFI, Mrs. Oyinkan Olasanoye, said the Union had meaningful discussion with the management of the Bank last Friday.

According to Olasanoye, who said: “We met with the Management of the Intercontinental Bank today (Friday). We are trying to resolve the matter.We have started discussion and we are not going to picket the bank, said Olasanoye.

Intercontinental Bank had recently promoted 653 staff while relieving 165 staff of their duties based on non-performance and disciplinary issues.

Unity Bank had also two weeks ago, asked staff with poor performance to leave based on the terms of their employment, which provide that underperforming employees would not be retained by the organisation.