Anambra State government stated that the deductions being made from salary of state employees would be to stabilize the capital of NMFB

The Anambra State government, on Tuesday, stated that the deductions being made from the salary of state employees would be to stabilise the capital of Ndiolu Micro Finance Bank (NMFB) Limited.

Ndiolu Macro-Finance Bank, established more than ten years back, is owned by Anambra State Workers.

Mr Harry Udu, Head of Service at Anambra, who briefed newsmen in Awka, stated that the deductions were made after due consultation with labour unions.

Udu explained that it was quite unfortunate that some opposition political parties were playing politics with this matter.

The HoS reported the board and management of the bank introduced the challenge to stakeholders and leaders of the workforce, after which they consented that deductions be made based on grade levels to ease capitalisation.

According to him, the lender was solely owned by employees of Anambra and not the state government as insinuated by the celebration.

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He said, “Some parties accused the authorities of deducting varying proportions from employees’ into recapitalising NMFB in accord with the directive of the Central Bank of Nigeria.

“Our labour leaders, for example, state NLC Chairman, have rebutted these false politically motivated statements and allegations.

“The Service is there to serve some other Government that is duly elected, the effort to connect these deductions into Obiano is a futile one since the workers know the reality.

“It is also untrue that employees welfare isn’t receiving sufficient attention since governor Obiano is one of the finest in that regard.

“We plead with political leaders to not waste effort and time in attempting to introduce acrimony between the governor and workers as the weakest terms have lasted for seven decades.”

The Head of Service was flanked by the management team of the lender and representatives of both NLC and TUC during the briefing.