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NUBIFIE x-rays pros and cons of outsourcing in Nigeria financial institution



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By Lanre Adesanya

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), with a bid to streamlining activities in the Nigerian financial sector, ensuring compliance with the extant laws of the land and economic realities in the industry as it affect service providers, has chart a friction reduction model for practitioners, citing outsourcing of non core services as a leeway to aid professionalism.

Championing this course in a parley organized by the body, theme: Tripartite Interactive Session to Address Labour Issues and Challenges Relating to Labour outsourcing in the Financial Sector in Nigeria.

NUBIFIE President Comrade Danjuma Musa raise the grey areas in outsourcing stressing the need for good grasp of the contractual laws and its applications without infringement on the rights of the players in the industry.

The resource persons who presented different papers on ‘Labour outsourcing practice in Nigeria’, at the well attended fora includes; Barr. (Mrs) Maureen Ovie (Chief Labour Officer, Federal Ministry of Labour and Employment, South West zone, Mr. Neye Enemigin, President Human Capital Providers’ Association of Nigeria (HUCAPAN), Dr. (Mrs.)Lucy Newman, MD/CEO, Financial Institutions Training Centre (FITC) and Comrade Joe Ajaero Nigeria Labour Congress.

While the three presentations toed the same line, mirroring what non core service providers experience in course of service delivery and fine tuning how collaborative and concerted effort from key players in the industry can bring about harmonious coexistence.

Comrade Joe Ajaero pick holes in the outsourcing model noting that if there exist no social safety net for outsourced frame of the industry there is no need to outsource .

“Enforcement of penalty on defaulting stakeholders who violates the laws guarding the industry is important, but the tripod which has two sides together and leaving the toiling worker at the mercy of the government and the investors, negotiating the benefits of the outsourced workers is evil”. He stressed.

He added that,”Outsourcing is related to terrorism, as it is fast becoming a global phenomenon but this does not make it moral, the fact that there is a vacancy makes outsourcing evil”.

Partnering with NUBIFIE, the Federal Ministry of Labour and Employment South West, led by Dr.(Mrs.) Ifeoma Anyanwutaku, the Zonal Director stressed the modalities of issuing Recruiters’ License, noting that legal frameworks can’t be toyed with .

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