• News
  • Updated: March 27, 2023

Naira Scarcity: Banks Not Dispensing Cash Should Be Reported — NLC

The Nigeria Labour Congress (NLC) has instructed workers to report banks not dispensing cash to its state councils.

The directive comes ahead of the planned National Executive Council (NEC) meeting on Tuesday where a final decision will be taken on Wednesday's nationwide strike.

The instruction to report banks was given during the weekend after NLC's NEC meeting on Friday where affiliate unions and state councils of NLC were directed to monitor the cash situation and how banks were dispensing naira notes to workers.

Broaching the subject in a chat with Vanguard, NCL President Joe Ajaero stated: "Our affiliate unions and state councils were directed to monitor the situation. Workers have been directed to report banks not dispensing cash to NLC state offices.  

"Our state councils and affiliates unions are to report back to us the prevailing situations in their states by Tuesday when we will hold another NEC meeting.

"The report we get from them will determine our next line of action. 

"In fact, the seven days ultimatum we gave will expire on Tuesday (March 28).

"The report will determine our final decision. As we speak, I am out on the streets of Abuja monitoring the situation.

"I am aware also that officials of the Central Bank of Nigeria, CBN, were in Lagos on Saturday and Sunday to monitor the situation.”      

Related Topics

Join our Telegram platform to get news update Join Now
Sydney Elike
Sydney Elike

A Graduate of Theatre Arts, Writer, Movie Buff, Filmmaker, Avid Reader, Video Game Enthusiast and a...

More From this Author


consolidated hallmark insurance plc Financial Services

Consolidated Hallmark Insurance (CHIPLC) Plc is a general insurance company in N...

access bank plc Financial Services

Access Bank plc, is a Nigerian multinational commercial bank, owned by Access Ba...

sterling bank plc Financial Services


0 Comment(s)


See this post in...