FORMER BANKERS, UNDER THE AEGIS OF THE ASSOCIATION OF EX-STAFF OF NON-CONSOLIDATED BANKS OF NIGERIA HAVE GIVEN THE CENTRAL BANK OF NIGERIA (CBN) AND THE NIGERIA DEPOSIT INSURANCE CORPORATION (NDIC) (NDIC) AN ULTIMATUM TO PAY THEIR N5.7BILLION BENEFITS.
THE CHAIRMAN OF THE ASSOCIATION, MAGNUS MADUKA, ISSUED THE ULTIMATUM ON BEHALF OF THE MEMBERS THIS FRIDAY SAYING IT HAS BEEN ABOUT TWO WEEKS AFTER THEY WON IN COURT.
IT WOULD BE RECALLED THAT A NATIONAL INDUSTRIAL COURT IN LAGOS HAD ON MAY 23 ORDERED THE FEDERAL GOVERNMENT AGENCIES TO PAY OVER N5.7BN TERMINAL BENEFITS TO MORE THAN 1,000 BANK WORKERS AFFECTED BY THE RE-CAPITALISATION EXERCISE OF 2006.
THE JUDGE SAID HE GAVE THEM (CBN AND NDIC) THREE MONTHS TO PAY UP, FAILING WHICH THE DELAY WILL BEGIN TO ATTRACT 10 PER CENT INTEREST ON THE SUM