The President of the Association of Senior Staff of Banks  Insurance and Financial Institutions (ASSBIFI), Comrade Oyinkan Olasanoye, says the association is sponsoring  bills at the National Assembly to change labour  laws in the banks and other institutions, its president, has said.

Speaking with newsmen, Olasanoye said most of the laws regulating the sector were old and needed to be repealed.

She also said the association was planning to inaugurate job loss insurance scheme in view of the mass sack in the financial sector.

The president maintained that the association would continue to fight the menace, which she said was a big challenge in the country.

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