Islamic group issues strong warning to Nigerian banks over looming sack of thousands of workers
The group pointed out that the banks do not need to dismiss their staff having made huge profits.
And MURIC’s statement noted that Nigerian banks may soon embark on massive sack of workers due to the three months lockdown.“This fear is justified because of past experiences. Retrenchment is common among employers at the slightest excuse since Nigeria runs a capitalist laissez-faire economy. Nobody seems to care about the welfare of the proletariat,” the Islamic human rights group noted.
MURIC recalled that Unity Bank just announced N506.07 million quarterly profit while Guaranty Trust Bank’s profit before tax surged by 2.1% to N58.2 billion in the first quarter of 2020.It also noted that Zenith Bank has recently announced a 3% pre-tax rise to N58.7 billion around the same time same with Access Bank which posted N211b earnings with N45b profit, while UBA also made N30b profit.
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