SSBIFI: 70% of Workers in the Financial Institutions are Casual
Ugo Aliogo
The President, Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), Oyinkan Olasanoye, has stated that the financial institutions are reducing staff strength and working hours to cut down on operational cost while stating that about 60 to 70 percent of the workers in the financial institutions across the country are casual workers.
She also stated that freelancing jobs dominate the work space while describing the current reality of industrial jobs in Nigeria as a state of manhour lost, unskilled labour acquisition and labour lost.
Olasanoye, who disclosed this yesterday in Lagos during media briefing, said this unprecedented labour lost in the economy is expected to create a solidarity economy that would promote healthy work environment and decent jobs.
According to her, the youthful workers in the industry are struggling with the job market, hence, this has created more job loss and casualisation of employment in our IT conscious stage.
She said almost all the casual workers in banks are direct employees of an outsource company while stating that this is pointer to job insecurity as many local companies and factories are currently not working.In her words: “I can tell you that 60 to 70 percent of the workers in the financial institutions are casual workers. They are not employees of the banks or insurance companies, they are coming to duty with the attitude that they are temporary workers; they are coming with the attitude that they lack job security, so it will be easy for them to be used as Trojan horse.”
She further explained that over 70 percent of Nigerian workers in the financial institutions, including banks and insurance sectors are casuals, noting that many Nigerians mistake all workers in the financial institutions as permanent staff and as such, they are the ones committing internet frauds.
The ASSBIFI boss said bank workers are professionals with grounded ethics of the profession while disagreeing that 50 percent of financial crimes committed in the banking sector are done by sacked workers of some banks, said Nigerians generally are endowed with high skills and intelligence.
Regarding the prevailing high-wired internet frauds been perpetrated in the nation’s banking sector, she said majority of the workers in the sector are not staff of banks, insurance and other financial institutions, rather the outsourcing companies.
