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TUC hails CBN’s sack of bank CEOs

By Victor Ahiuma-Young
UMBRELLA organisation for senior staff associations in the country, Trade Union Congress of Nigeria (TUC), Sunday lauded last weekend’s sack of the chief executives of five banks for alleged misconduct by the Central Bank of Nigeria (CBN).

It said the action would bring sanity to the nation’s financial institutions.

The organisation also called on appropriate agencies of government, especially the security operatives, to ensure that all those who borrowed monies from the banks and have refused to pay up were not only brought to book, but that every kobo is recovered from them.

In a telephone chat with Vanguard, TUC’s President-General, Mr. Peter Esele, argued that it would be better for Nigerians to know the state of the nation’s banks rather than live in a life of lies and false hope about solid financial sector.

According to him: “The sacks of five bank chief executives last Friday by CBN for alleged misconduct is very good and a welcome development for the nation, particularly the financial sector.”


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