Nigerian Banks, Insurance Firms Deny Kaduna State Residents Services Amid Protests

Nigerian Banks, Insurance Firms Deny Kaduna State Residents Services Amid Protests

- Financial institutions joined the protest against Kaduna State government on Monday over sacked workers

- Kaduna residents were not allowed to use Bank services, as well as those of Insurance firms

- Banks and Insurance firms, as well as the Nigerian Labour Congress are protesting against Governor Nasir El-Rufai

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Kaduna residents are not allowed to use Bank services from Monday, including those of Insurance and other financial companies, due to the labour strike announced in the state.

Employees of financial institutions and insurance companies have joined the Nigerian Labour Congress protest against Kaduna State Government, and this will lead to shutdown of operations.

In a statement directing employees to down tools, the National Union of Banks, Insurance and Financial Institutions Employees said the strike is a deterrent to prevent other states from mistreating their workers as Governor Nasir El-Rufai did.

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Nigerian Banks, Insurance Firms Deny Kaduna State Residents Services Amid Protests
Kaduna State governor, Nasir El-Rufai. Photo: Pius Utomi Ekpe
Source: Getty Images

The Union accused Governor El-Rufai of anti-worker policies, one of which led to the sack of over 30,000 workers in 2016. In the statement, it was revealed that the sacked workers are yet to receive their entitlement.

In the statement signed by Comrade Adamu Danladi, the zonal state secretary if the Union, it was stated that the strike is a battle that must be fought and won on behalf of the Kaduna State public servants as well.

Employees under the union were told to withdraw banking and insurance services until otherwise stated by the Union.

Meanwhile, had reported that investors lost over $11,000 to the tweets of Elon Musk. The billionaire had stated that Tesla wouldn't be accepting bitcoin as payment as initially announced.

The rejection of bitcoin by Tesla crashed the price down from $54,590 to $42,708 as at this evening. The decision also caused the market capitalisation to drop to $816.35 billion.

Tesla's announcement had made bitcoin investors think the company has sold its crypto, but Musk said the company still holds bitcoin. This announcement didn't stop bitcoin from losing more value.


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