Business
Union Sets Up Empowerment Schedule For Members
The Association of Senior
Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has approved the setting up of an empowerment  scheme for its members.
The National President of the Union, Comrade Olusoji Salako announced this in a signed  communiqué  issued and obtained by The Tide  after the union’s National Executive  Council (NEC) meeting held in Benin City on Tuesday.
Salako said the union considered empowerment  schemes for its members to enhance  their welfare in their respective working places .
He said the schemes include providing affordable housing scheme through mortgage and a good   legal protection insurance at a very low  premium  rate,  stressing that under the good legal protection scheme, an enrollee  would pay a premium  of five thousand  including will, proporty  agreement and legal representation in times of need.
The communiqué said the union  NEC approved the setting up of committees to interface with appointed consultants to work out modalities for the schemes as a quick  reality for the union members.
The NEC of the union urged the various unit executives to encourage their members to embrace welfare  initiatives of the union, stressing that the current NEC leadership was determined to protect the overall interest  of the union’s members.
The communiqué also called upon the Federal government to redouble its efforts towards improving the security situation in the country.
The union called for an urgent review of the security strategy  employed to tackle  the Boko Haram  sect which  has been terrorizing  the North Eastern part of the country.