Group Seeks Intervention in NAICOM, Union Feud

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A professional group, Committee of Concerned Finance Professionals, has called on financial regulators to intervene in the crisis between the management of the National Insurance Commission (NAICOM) and its employees under the aegis of Amalgamated Union of Public Corporations, Civil service Technical and Recreational service Employees (AUPCTRE).

The group said the allegation of financial recklessness levelled against some officials, which degenerated into crisis, had not been resolved.

A statement by the Chairman of AUPCTRE, Gabriel Anitekhi and Secretary, Yussuf Gindinrin, said: “We have learnt that the battle between the executive management of NAICOM and AUPCTRE is no longer smooth, as there is no mutual working cordiality among staff and members of the commission.
“There are further indications that this is unconnected with the failed attempt of the regulators to adhere strictly to the agreement as contained in the Memorandum of Understanding (MoU) signed by the warring factions after the March 22 protest in Abuja.

“Instead, the management through the Director of Administration faulted the agreement in another circular to the union and members of staff.”