March 4, 2021

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Crisis Rocks Akwa Savings And Loan over Bankruptcy

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Akwa Savings and Loan Bank staff under the aegis of National Unions of Banks, Insurance and Others Financial Establishment (NUBIAFE) have expressed their grievance over non-payment of two years salaries and mismanagement of the institution’s funds by the managing director of the bank, Mr. Ebong Bassey.
The aggrieved union members who stormed the bank, chanting songs with placards of various inscriptions “Akwa Saving and Loans Ltd, two years of no salary” “Ebong Bassey, RIP,” “Akwa Savings must not go down, Gov. Udom act now” and many others, aired their opinions during a peaceful protest at the bank premises along Abak Road, Uyo.
Explaining the reasons for the protest, the union’s chairperson, Bassey Mbede hinted that the staff of the bank were protesting non-payment of staff salaries for two years as there was no business transaction in the bank for two years as well.
She said the institution’s staff decided to embark on the protest to tell the state governor to come to their aide to pay them their two years salaries as they could not be paying transportation to work every day and go back with nothing.
Mbede lamented that there was no business transaction in the bank and as such they could not pay their customers who deposited money in the bank and called on the state governor Mr. Udom Emmanuel to look into the situation.
“The staff here are protesting that they have not been paid for two years and no business transaction for two years now. We are here to let the whole world know and to tell the governor that we are suffering. We are here to tell the world to come to our aide. We can’t be paying our transportation to work every day and go back without a token.
“There is no difference, the whole place is reluctant, no business. We can’t pay ourselves, we can’t pay our customers that is the reason we are here to tell His Excellency to come to our aid” she lamented.
Secretary of the Union, Mr. George Akpan, in his opinion noted that after the state governor, had invested N1.5bllion into the bank; the money was mismanaged and the staff had not received their salaries for the period of two years now.
Akpan maintained that since the bank was owned by the state government and the management board appointed by the government, the government should come to their aid.
Efforts to speak with the embattled manager was unsuccessful as he could not be accessed due to tension. However, a senior management staff, Mr. Aniefiok Idem said the crisis would be resolved soon.

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