Labour Shuts NSITF Headquarters Over Staff Salary ‘Cut’

On Friday, members of the organized labor staged a protest and closed down the headquarters of the Nigeria Social Insurance Trust Fund (NSITF) over allegations of salary cuts for workers by the fund's management.

The aggrieved protesters, led by the President of Trade Union Congress (TUC), Festus Osifo and executive members of the Association of Banks, Insurance and Financial Institutions (ASSBIFE), started their demonstrations at about 11:00am.

Armed with placards with various inscriptions, the protesters alleged that the management led by Mrs Maureen Allagoa, the Managing Director of the Fund, had made deductions of consequential taxes from their salaries to the tune of N2.1bn which were not remitted.

Addressing the protesters, Osifo said the protest and subsequent shutdown of the Fund became imperative after efforts made by the leadership of ASSBIFE to resolve the issue amicably with the management failed.

The protesters urged President Bola Tinubu to sack the MD of the agency with immediate effect to avert “looming crises” in the Fund and called on the Economic and Financial Crimes Commission (EFCC) to probe their claims.

Both the MD of the Fund, Mrs Allagoa and spokesman of the Fund, Mr Godson Nwachukwu could not be reached for comments at the time of filing this report.