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New guidelines for contract workers’ll reduce fraud in financial sector — ASSBIFI

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 The Association of Senior Staff of Banks Insurance and Financial Institutions ASSBIFI has said the new approved guidelines for contract workers in banks insurance and financial institutions would reduce incidence of fraud in the sector Its National President Mrs Oyinkan Olasanoye made this known at an event to mark the World Day for Decent Work celebration held on Friday in Lagos The News Agency of Nigeria reports that the Federal Ministry of Labour and Employment had in September issued the Guidelines on Labour and Administration Issues in Contract Non Permanent Workers in Banks Insurance and Financial Institutions Olasanye said that the guidelines provide in clear forms good industrial relations principles and key terms and conditions of employment to be observed by stakeholders in the financial sector The guideline would improve job satisfaction and staff performance reduce incidence of fraud traceable to discontented casual workers in the financial sector It will generally reduce exploitation and other unfair labour practices capable of escalating industrial conflicts and crises in the work place Also it will regulate conditions of employment and standardise non permanent employment especially in the areas of career progression salaries and wages and disciplinary measures health and safety corporate performance and productivity she said She urged relevant stakeholders especially employers in the financial sector to cooperate and collaborate with focal agencies of government and unions concerned According to her the aim is to achieve the objectives of the guideline and improve industrial relations practices and standards in Nigeria We struggled to ensure the formulation and put into operation of this guideline to check unfair labour practices exploitation and grievances in the sector Inferring from reliable but unempirical records available to us most insider induced frauds particularly in the banks are perpetuated by disgruntled casual employees These employees do not have the training and orientations usually given to the regular employee they do not have that sense of belonging because of their poor conditions of employment which opens them to temptation But today with this guideline the non permanent employee can pursue a career line unionise and draw from benefits of collective bargained agreements Olasanoye said NewsSourceCredit NAN
New guidelines for contract workers’ll reduce fraud in financial sector — ASSBIFI

Association of Senior Staff of Banks

The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), has said the new approved guidelines for contract workers in banks, insurance and financial institutions would reduce incidence of fraud in the sector.

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Its National President

Its National President, Mrs Oyinkan Olasanoye, made this known at an event to mark the World Day for Decent Work celebration held on Friday, in Lagos.

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News Agency

The News Agency of Nigeria reports that the Federal Ministry of Labour and Employment had in September issued the ‘’Guidelines on Labour and Administration Issues in Contract Non-Permanent Workers in Banks, Insurance and Financial Institutions’’.

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Olasanye said that the guidelines provide in clear forms, good industrial relations principles, and key terms and conditions of employment to be observed by stakeholders in the financial sector.

‘’The guideline would improve job satisfaction and staff performance; reduce incidence of fraud traceable to discontented casual workers in the financial sector.

‘’It will generally reduce exploitation and other unfair labour practices capable of escalating industrial conflicts and crises in the work place.

‘’Also, it will regulate conditions of employment and standardise non-permanent employment, especially in the areas of career progression, salaries and wages, and disciplinary measures, health and safety; corporate performance and productivity, ‘’ she said.

She urged relevant stakeholders, especially employers in the financial sector, to cooperate and collaborate with focal agencies of government and unions concerned.

According to her, the aim is to achieve the objectives of the guideline and improve industrial relations practices and standards in Nigeria.

‘’We struggled to ensure the formulation and put into operation of this guideline to check unfair labour practices, exploitation and grievances in the sector.

‘’Inferring from reliable, but unempirical records available to us, most insider induced frauds, particularly in the banks, are perpetuated by disgruntled casual employees.

‘’These employees do not have the training and orientations usually given to the regular employee; they do not have that sense of belonging because of their poor conditions of employment which opens them to temptation.

‘’But today, with this guideline, the non-permanent employee can pursue a career line, unionise and draw from benefits of collective bargained agreements, ‘’ Olasanoye said.

NewsSourceCredit: NAN

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