Organised Labour under the aegis of the National Union of Banks, Insurance and Financial Institutions, NUBIFIE, has picked hole in the ongoing amendment of 35-year-old Bank Employees Declaration of Assets, BEDA, Act 1986, saying some aspects of the amendment bill are offensive and infringe on individuals rights and liberty.
This came as Nigeria Labour Congress, NLC, called for regulation manual to regularise ‘non-permanent’ staff of banks and other financial institutions as part of ongoing review of the nation’s Labour Laws.
In a welcome address at the 11th, 7th Quadrennial Delegates Conference , QDC, of NUBIFIE in Lagos Weekend, NUBIFIE President, Anthony Abakpa, listed some of the challenges confronting the sector, among which is the BEDA.
According to him, “another challenge facing the industry currently ongoing at the National Assembly has to do with the Bank Employees Act Declaration of Assets. While we appreciate the rationale behind the review of the act, which is to enhance accountability, transparency, integrity and good corporate governance in the banking industry. Nonetheless, we are concerned with some aspects of the amendment bill which has tended to infringe on individual rights and liberty. Individuals who are not employees of banks, such as children, spouses etc should not be subjected to any part of the act simply because of an affinity to an employee of a...
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