Disbursement of bailout fund: NLC pickets Abia Government

NLC pickets Abia Government on bailout fund

The disbursement of the N14.1 bailout fund in Abia State may have run into a hitch, as the state branch of Nigeria Labour Congress (NLC) has concluded plans to picket UBA, on Monday, should the bank maintain its aggressive stand against the disbursement of the fund.
The State Chairman of the NLC, Comrade Uchenna U. Obigwe, said the bank had been observed to be deceiving the bailout committee set up by the state government.
“We have since found out, much to our embarrassment, that the officials of the bank were feeding us with lies. We want to find out from the officials of UBA this afternoon why we should not picket the bank on Monday (today) for not making sure that this money which was given to them to pay Abia workers is duly disbursed to their rightful owners.”
Obigwe used the opportunity to re-iterate his earlier statement that the bailout fund would not be enough to pay to pay gratuities.

Sources have it that UBA and other banks used as bailout fund accounts bankers had deliberately delayed the disbursement of the fund in bulk but chose to do so on monthly basis, thus creating the atmosphere that the state government, through the bailout committee, was lying and could, therefore, not deliver on its promise of paying the workers their salaries before the end of October.


Except this is ironed out with the bank, the Abia State civil servants’ hope of getting paid from the bailout fund, would unrealistic.

Source: Daily Times