By investadvocate

Feb 18 2011 12.51 GMT 

Lagos (INVESTADVOCATE)-The Nigeria Labour Congress (NLC) has call off the picketing of Union Bank of Nigeria Plc (UBN) and directed its members nationwide to vacate the premises of the Bank for smooth operations.

 

This was contained in a Statement Friday February 18 2011 by Francis Barde, Principal Manager Corporate Affairs of the Bank and made available to investadvocate in Lagos Nigeria.

 

The Statement affirmed that the order followed the agreement reached Wednesday February 17 2011 night under the intervention of Emeka Wogu, the Honourable Minister of Labour and Productivity, with Union Bank and NLC which called off the industrial action against targeted at the Bank and sought to cooperate with each other in ensuring permanent industrial peace.

 

“Following constructive and fruitful deliberations, we are pleased to announce that all issues in dispute that led to the current action between the Nigeria Labour Congress (NLC) and the management of Union Bank of Nigeria PLC have been addressed to the mutual satisfaction of all parties”, the statement said.

 

This is coming on the heels of a protracted face-off between the Funke Osibodu led Management of the Bank and its staff.