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Shocking! 80% of Bankers, Insurers, Financiers are Casual Staff- ASSBIFI

An Association has revealed that about 80 per cent of bankers, insurers and financiers, are composed of casual staff.

The Association of Senior Staff of Banks, Insurance and Financial Institutions, ASSBIFI, also argued that a major problem in the country’s financial sector had been casualisation.

It argued that in every bank, insurance company, and financial institution in Nigeria, almost 80 per cent of the staff there are casual workers.

The association’s President, Mrs Oyinkansola Olasanoye, asserted at a forum in Lagos on Thursday that casual workers are inadequately compensated people regarding salaries and allowances in financial institutions.

According to Olasanoye, some of the fraudulent activities in the sector may be because these workers are not professionals, well-trained and are embittered due to inadequate compensation.

She said presently, the Labour Law Act made provisions that there will be contract staff, but our battle is that those contract staff should be allowed to have the dignity of labour and adequate compensation.

Casual Staff

HOWEVER, the ASSBIFI president said the association had a plan toward creating a sort of career path for such workers by putting in place regulations in the Federal Ministry of Labour.

She said: “The casual workers are not employees of the institution; a third party provides them, and the Ministry of Labour also registers these providers.

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