Thursday 15 May 2014

IGI owes staff salary, fails to remit pension, housing funds

High profile insurance company, Industrial and General Insurance Plc, is in arrears of staff salary, The Eagle Online has learnt.
The company last paid some of its staff in March, this newspaper learnt on Sunday.
Those who have been paid their March salary are junior and intermediate staff, it was learnt.
The management staff are yet to earn their March salary.
Remi Olowude 1
As at press time, no staff had been paid April salary.
Apart from this, the company has also failed to remit pension and housing contributions made by staff in the last two years.
This is more so for the housing fund.
The Eagle Online learnt that the housing fund has not been remitted for over two years.
The company has only just paid part of the personal income tax of staff, over which the Lagos State Government sealed its premises recently.
It was gathered that the government has only given the company a grace period to pay up or be sealed again.
It was learnt that things went out of hand for the company after its Executive Vice Chairman, Sir Remi Olowude, fell ill about two years ago.
Olowude has been out of the country since then.
A source said that the management that has been in place since the exit of the vice chairman has failed to put the welfare of the staff first as Olowude did.

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