TUC finalising plans to acquire Unity Bank
By Niyi Olaoye
The Trade Union Congress of Nigeria (TUC) said it will acquire 57 per cent stake of Unity Bank Plc and become the major shareholder of the bank very soon.
President of the congress, Comrade Bala Kaigama, gave this hint while speaking at the 10th Triennial National Delegates Conference of TUC recently.
The TUC boss said the proposed acquisition will be one of the congress efforts to reposition the congress from being spectators to investors and guarantee the welfare of its members.
The labour leader gave assurances that members of the TUC would never suffer after retirements, but enjoy the fruits of their labour.
According to Kaigama, “Through the TUC economy, we are on the verge of acquiring major shareholding in Unity Bank Plc. We have a Memorandum of Understanding (MoU) with the management and the process is on.
We will tag it as Nigerian workers’ bank and will let Nigerians know that we have a bank in place.
To build a better Nigeria, we, in TUC, shall move from just being spectators in the Nigerian economy to becoming investors in the Nigerian economy.
“We can no longer afford to sit on the sidelines and watch helplessly as others decide our future and that of our families. We must take our future into our hands. To achieve this, join me in building the TUC economy.”
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