Many Employees of the Union Bank of Nigeria are fed up with what they say are oppressive, anti-labour practices that treats them like slaves. The National Labour Congress (NLC) acted on this disenchantment by picketing and literally shutting down several branches of Union Bank of Nigeria.
Simultaneously, Union Bank's shareholders are taking action by filing a lawsuit against the Managing Director of Union Bank of Nigeria Plc, Mrs Funke Osibodu. The shareholders allege that Mrs. Osibodu and her colleagues are engaged in corruption, using the bank's funding for their personal benefit to the shareholders and bank's detriment.
Unfortunately, the customers who have money in the Union Bank of Nigeria are unable to access their much needed money and caught in the middle of what could be an important turning point in workers' rights in Nigeria.
MANY customers of Union Bank of Nigeria Plc, who thronged the branches of the bank on Wednesday to transact business, were helpless as the Nigeria Labour Congress (NLC) continued its picketing of the branches of the bank across the country.
The NLC took over all the branches and offices of Union Bank in Abuja on Wednesday, sealed them off, switched off their sources of power and chased out the few staff who were on duty.
As early as 8.00 a.m., officials of the NLC led their members in what the congress described as a final showdown and complete closure of the bank and instantly commenced the picketing from the bank’s headquarters in Area 3, Abuja.
