National Industrial Court Orders CBN And NDIC To Pay Bank Workers N5.7bn

The National Industrial Court sitting in Lagos ordered the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) to pay over N5.7bn in terminal benefits to over 1,000 bank workers affected by the re-capitalization exercise of 2006. According to the reports, the affected workers whose banks did not meet the recapitalization requirements, leading to their … Continue reading National Industrial Court Orders CBN And NDIC To Pay Bank Workers N5.7bn