NECA slams FG over banks license withdrawal threat

Nigeria Employers’ Consultative Association (NECA) has condemned the move by the Minister of Labour and Employment, Senator Chris Ngige, over threat to banks that the Federal Government would be forced to withdraw their operating licences should they continue to breach the directive to halt further retrenchment of workers, pending stakeholders meeting next month.

Reacting to the threat made by the Minister, Director-General of NECA, Mr. Segun Osinowo, said the Minister was not only ignorant of Labour laws but also reckless in arrogating the powers of the Federal Government to himself.

He said: “NECA is not informed by the ideological consideration or an interest concentration because Nigerian employers are equally Nigerians and they are interested in the welfare of Nigerians. The truth about it is that any employer that is worth its salt will not treat its valuable assets, which is human resource, with ignominy or as slaves, to use the word of the minister.