09/06/2016

Ekiti workers in trouble



File photo of protesting workers
Owed several months, Ekiti workers are faced with the refusal of banks to grant them loans henceforth 

– The banks have complained that previous beneficiaries have not been able to pay back since they depend on government for salaries 

– A source says Ekiti is not the only  affected state as other states owing their workers could also face similar challenge Banks in Ekiti state have stopped giving out loans to workers following the inability of previous beneficiaries to meet the payment plan. 

 File photo of protesting workers Most of the beneficiaries are workers who are being owed salaries for various months by the Governor Ayodele Fayose administration. The commercial banks have therefore decided to place an embargo on lending to them, according to a report by the News Agency of Nigeria (NAN) which quoted bank sources in Ado Ekiti. The report said the granting of loans to workers was stopped more than two months ago adding that “the banks took the decision when it became apparent that those with old loans could no longer fulfill their monthly repayment obligations to their banks.” 
 Banks harass lawmakers over unpaid loans NAN said further investigation revealed that some of the banks have been finding it difficult to cope with the situation, hence their decision to adopt the strategy. It also quoted some of the affected civil servants, who did not want to be named, as confirming the development. The affected workers said their applications to banks for top-up loans were declined while fresh applications were left unattended to. 

 The Ecological funds of corruption and misuse The report further quoted a staff of one of the first generation banks as saying that the embargo was from their corporate headquarters and that the decision did not target Ekiti alone but other states with records of backlog of unpaid salaries. 

Only federal workers, private individuals, traders, businessmen, contractors as well as artisans with records of fidelity are currently qualified to obtain loans, the report said. It has been reported that the banks too are heavily indebted. The federal government on Monday, May 30, made fresh moves to recover loans granted to some of these commercial banks and other financial organisations in the country.

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