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Union Homes Plc depositors’ beg FG to intervene in bank’s strike palaver


ABUJA — As Union Homes Saving and Loans Plc, remains grounded due to industrial unrest that has crippled activities of the bank nationwide for over a month as a result of unpaid salaries and other benefits to workers, depositors have called on the Federal Government to intervene to save the leading mortgage institution from imminent collapse.

Speaking on behalf of the depositors under the auspices of Public Welfare Support Organisation, its coordinator, Kemi Komolafe said the strike by workers has adversely affecting the business operations of the institutions as depositors’ money had been trapped.

Komolafe lamented the inability of the management to resolve the crisis that led to the strike, knowing well that closing the bank for a day would affect its customers.

She wondered why the bank could be closed for over a month without Nigerians talking about it, noting that if it were the conventional commercial banks that had been on strike there would have been an outcry.

According to her, “we are losing our customers too, because we cannot meet up with their demand for lack of fund, our families are suffering because our monies are trapped.

“Please we call on the Federal Government to intervene, we have expressed our concern to the management but nothing is done yet.”

She expressed regret that depositors with bulk finance stake in the bank but could not access it since the strike began.

It would be recalled that workers under the aegis of Association of Banks, Insurance and Financial Institutions, ASSBIFI, and other allies of labour shut down the operations of the bank nationwide, including the headquarters about four weeks, alleging among others, wrongfully termination of the employment of 400 workers without paying their entitlements.


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