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Crisis in NSITF takes new dimension as splinter group says ASSBIFI leadership now rogue union 

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The industrial crisis rocking the Nigeria Social Insurance Trust Fund, NSITF has taken a new dimension as a splinter group has disassociated itself from the Association of Senior Staff of Banks, Insurance and Financial Institutions (SSBIFI) which staged a protest today.

In a press statement Monday, the group which goes by the name, ‘The Stability Group of the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) of the Nigeria Social Insurance Trust Fund dissociated itself from today’s industrial action, saying it was politically motivated.

The group also declared that the leader of the unit ASSBIFI, Bala Tijani has drifted from a hitherto declared crusade  for the welfare of staff to rogue unionism.

 

In the statement, which its membership is more than 3,700 staff members employed between 2016-2023, and whose leaders chose anonymity for now, for strategic reasons, said they would watch no further as Bala and his cohorts hide under the facade of unionism to drive selfish political pursuits, corruption, orchestrated witch hunt and mischief  detrimental to the collective  interests of staff members.

The statement reads- “Comrades, we write you on behalf of the 3700 staff members who hitherto  belonged to the ASSBIFI NSITF Unit. We have watched with, distress, dismay and great pain how the present leadership of our unit ASSBIFI led by  Mr Tijanni Bala and his cohorts have been engaging in anti- union, anti- staff welfare activities by delving into politics and dragging all of us into unnecessary confrontation with the relevant authorities including but not limited to our Ministry, now being managed by our able Permanent Secretary.

“We shall not fold our arms and watch Bala and his  mischievous journey men confront and defy the constituted authority of the Ministry of Labour and Employment, now led by the Permanent Secretary, Mrs. Daju Kachalon who has already apprehended the internal dispute in line with section 18 of the Trade Disputes Act and invited both the unions and the NSITF management to a meeting on Tuesday, 27th June, 2023.

” Whose interest is Bala and cohorts representing  by shunning negotiation properly convened by the Ministry ? Certainly not that of the staff of the NSITF.

“Moreover, we have traced the  tacit underground support being given by ASSBIFI National to Tijanni Bala and renegades. We  are therefore serving the Management, the notice of withdrawal of our entire membership from ASSBIFI.

“We are doing so under the ILO principle of FREEDOM OF ASSOCIATION  and Section 40 of 1999 Constitution as amended .

“We shall communicate in writing to the  Management in due course, our new Unions as we discuss with NUBUIFFE and others when we conclude our negotiations with any other serious like minded Unions. Management will receive our letter duly signed by each member.

“Consequently, our check off dues for June 2023 and other succeeding months should not be paid to ASBIFFI forthwith. We further urge all good staff members to go about their duties. ”

The statement further added that the disputed issues were not new and were being effectively handled by the current Management more than the ex-while Excos  before it and should therefore be accorded support.

“For example on remittance of deducted taxes, pensions and NHF as alleged by rogue unionists, the

management showed evidence that our current taxes and pensions are up to date.They also showed evidence of agreed plans for remittance on monthly installment, of the remaining arrears of the 2013- 2017  in the next few months.

“Bala and his clique know that this present Exco Management has done their best in liquidating  these funds not accrued in their tenure. He knows that the  three previous non- performing Excos led by two of the persons  funding this insurrection couldn’t achieve half of the strides made  in staff welfare by the current  Exco.

“Bala and his cabal know full well that the current Exco promised that staff NHF will get to them shortly and in fact some have gotten.

“Besides, on the issue of staff demotion through the merger of Deputy Manager and Manager, we put on record that the union Exco led by Bala with his selfish acolytes were part of all discussions and even signed the report and request by former Managing Director, Mike Akabogu to the National Salaries Incomes and Wages Commission that subsequently froze further promotion for 2021/ 2022 unless the fund reverts to the Public Service 9-tier wage structure. They also froze any wage review in NSITF until these two conditions are met. Management on the instructions of the Ministry set up a mixed Committee of Management and our two Unions representatives.

“We were represented and the final report/agreement was sent to NSIWC. Our Unions’  Exco followed to the parent Ministry and NSIWC to defend the report before it was implemented and the embargo on promotions  lifted. Some of us benefitted from the promotion exercises, and others did not. Who is at fault please?

“A sensible and honest unionism will seek for  another round of discussion on this from management  and the Ministry, seeking for a buy-in for  a new proposal to the NSIWC. This is certainly not the arm-twisting, character assassination and threats can achieve.

“We detest the current attempt to heat up the fund, cause chaos in an already discovered plan by the union and their external sponsors to  cause the dissolution of a performing management team. We are no morons.

“The road side talk of signing the report under duress holds no water. It sounds stupid for Bala and Co to claim they were marched under duress to defend the report  at NSIWC, went to the Ministry twice to defend same.

“Has Bala told all of us that at a time, the then  Minister refused to agree to some points in the report including the  merger of  Deputy Manager  and Manager and referred the union back to Congress  only for the Bala led union to emerge with the resolution to defend the merger. Why this deceit and lies now ? “Similarly, the review of wages and salaries has the backing of Bala who from available records was until recently a staff in the Finance Department. He and four other union members were a part of making of the new wages with the Salaries Incomes and Wages Commission based on the approval to match NSITF with TETFUND, of course predicated on ability to pay.

“Why didn’t Bala and cohorts confront them at National Salaries Incomes and Wages Commission? They accepted only to realise six  months later  that  consolidated salaries is not good.

“We wish to also inform all that   wages in the public service – from the  President to the last man in the service  is consolidated including transport,   housing, utilities, lunch. Only special allowances are not.  Bala knows this, yet decided to incite members.

“The issue of recruitment of staff since 2020  and promotion is one that fully exposed the nepotism that Bala and cabal have been trying hard to disguise. The recruitment of qualified persons to fill vacant positions where the existing staff members  fail on grounds of  competence cannot be faulted. The promotion of deserving staff members who passed exams and turning down others who failed the promotion exam or were not promoted because of lack of vacancies can also not be faulted.

“60% of our membership came into NSITF between 2016 to 2023 and ASSBIFI both Domestic unit and National have been ‘swallowing’ our check off dues, of course being mismanaged, misappropriated by Bala and his cabal  without accountability.

“Time  has come for Bala and his gang , one of whom is in the  Real Estate Department in the Head Office  to account for  about N64m said to have been spent  on travels and publicity since they were elected.

“There is no basis whatsoever to witch hunt a  properly recruited staff members whose appointments passed statutory endorsements  from the Head of Service of the Federation, the Ministry of Labour and Employment Budget Office, and the Federal Character Commission, the final approval authority and the President in the case of Management Exco.

 

“But as workers in unionism, do we have the right to dictate to our employer how to run his enterprise. Staff  who failed exams set by Public Service Institute as advised by Office of the Head of Service were shown their score.  Same for Computer based tests by Human Resources Department.

“It is therefore wicked for  Bala and his rouge unionists to demand  that all staff employed between  2020 and 2023 be first sacked and   then followed by 2016 to 2020 notwithstanding the very high unemployment rate in the country even when their engagement followed due process.

“Interestingly, some of his criminal cohorts are also caught in this bracket but unfortunately behaving and talking as if NSITF were their birthplace,” the statement concluded.

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Speaker, 14 other River State assembly members decamp to APC

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15 members of the Rivers State House of Assembly, led by Speaker Martin Amaewhule, have left the Peoples Democratic Party, PDP, for the All Progressives Congress, APC.

Amaewhule disclosed the lawmakers’ decision during Friday’s plenary, attributing their defection to what he called a “clear division” within the PDP.

“Distinguished colleagues, very happily, let me announce that your Speaker has decided, and has indeed written to my ward chairman of my decision, to leave the PDP. APC is my new party,” Amaewhule said.

Amaewhule’s Deputy, Dumle Maol, is one of the 16 lawmakers that joined APC as well.

All the lawmakers, who have jumped ship, are core loyalists of the Minister of the Federal Capital Territory, FCT, Chief Nyesom Wike.

 

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CBN rolls out new directives to track financial fraud

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The Central Bank of Nigeria,has rolled out a new framework ito expedite handling of fraud accusations and refund victims.

Customers must report suspected fraudulent transactions within 72 hours under this draft guideline, and financial institutions have 16 working days to look into the matter and repay money.

The action comes in the wake of a dramatic increase in banking sector fraud.

According to data from the Financial Institutions Training Center, losses in the first quarter of 2025 increased to ₦3.29 billion, a startling 603 percent increase over the previous year. In the same time frame, reported cases also increased to 12,347.

The November 26, 2025, proposed regulations seek to improve bank accountability, expedite reimbursements, and boost prevention.

Director of the Financial Policy and Regulation Department Rita Sike signed the circular, which describes stricter regulations intended to prevent fraud before it occurs.

The apex bank’s ongoing fight against financial fraud has advanced with the adoption of this guidance. To enhance cooperation between operators, it established the Nigeria Electronic Fraud Forum in 2011.

It directed banks to establish specialized fraud bureaus four years later. By requiring BVN or NIN for account opening, it reinforced Know Your Customer checks in 2023.

 

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DSS arrests medical doctor treating wounded terrorists

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Operatives of the Department of State Service have arrested a medical doctor treating wounded kidnappers inside the forest in different parts of Kwara State.

The suspect, whose name could not be ascertained at press time, was also involved in supplying drugs to kidnapping gangs operating in Kwara.

The DSS intercepted the medical doctor in the Jebba area after intelligence reports revealed that some couriers had been moving medical supplies from Sokoto to treat wounded bandits hiding in forests across the state.

A security official said many of the criminal groups have sustained gunshot injuries in recent encounters with forces.

The source said, “So, we are advising improved security measures in health facilities in thickly forested areas which the kidnappers may target.”

Confirming the development, the Chief Press Secretary to the Governor of Kwara State, Rafiu Ajakaye, said the arrest was another significant breakthrough in ongoing efforts to combat banditry.

Ajakaye noted that the state government will continue to strengthen collaboration with security agencies to shut down all channels aiding kidnapping activities.

 

 

 

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