ASSETS & FINANCIALS

CAC agrees to pay workers N1bn salary differentials, pension

CAC agrees to pay workers N1bn salary differentials, pension
The Registrar-General, Corporate Affairs Commission, Mr Bello Mahmud

The management of the Corporate Affairs Commission has agreed to commence the payment of differentials in the salaries of the executive and non-executive members of staff of the commission amounting to N1,002,967,400.15.

The management also accepted to pay the workers’ pension arrears from January to June this year immediately after paying the July salary.

The agreement was reached at the end of the reconciliatory meeting on Wednesday involving the Minister of Labour and Employment, Senator Chris Ngige; the management of the CAC; President, Nigeria Labour Congress, Ayuba Wabba; and Amalgamated Union of Public Corporation, Civil Service Technical and Recreational Services Employees.

The agreement, which was contained in a communiqué at the end of the meeting, stated that the differentials of the workers’ salaries from July 1, 2014 to July 31, 2016, would be captured in the 2018 budget.

The commission also consented to withdraw the legal suit it instituted against the union at the National Industrial Court, while the workers were asked to call off the strike.

The communiqué, signed by the Registrar-General, CAC, Bello Muhamad, and Wabba, among others, read in part, “It was agreed that the CAC shall take full responsibility for the payment of the 18 per cent pension contribution effective from January 1, 2017, until there is a national wage review and that no worker shall be victimised on account of participation in the industrial action.”

The Head, CAC, Lagos Office, Mr. Tolulope Sonaike, stated that the nationwide strike action by the workers had been called off on Wednesday night.

Speaking at the 2017 Public Practice Day of the Institute of Chartered Secretaries and Administrators of Nigeria in Lagos on Thursday, Sonaike apologised for the inconveniences the strike action might have caused members of the public, saying that the commission was back to serve Nigerians better.

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