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Union Bank Still Owing Us Seven Years’ Benefits — Former Employees Lament

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Former workers at Union Houses, Financial savings and Loans have lamented the non-payment of the termination advantages by Union Financial institution PLC.

Whereas talking with SaharaReporters, one of many victims, a lady defined how the refusal of fee by Union Financial institution had resulted within the lack of lives of about 37 individuals whereas others, together with she, with well being situations, are at the moment struggling to outlive.



Based on her, Union Financial institution terminated the appointment of workers members at Union Houses Financial savings and Loans because the latter is a subsidiary of Union Financial institution.

She defined that after a number of consultations, Union Financial institution agreed to pay the laid-off workers of Union Houses the termination advantages.

She, nevertheless, alleged that the administration of the financial institution has gone again on its phrases, thereby making life insufferable for the retrenched workers who had discovered it troublesome to enterprise into the enterprise of their alternative.

She pleaded with Union Financial institution PLC to contemplate the Transaction Implementation Settlement it signed agreeing to pay the workers of Union Houses their termination advantages.

The distraught lady stated she is a widow and a diabetes affected person who pays loads to purchase her medicine with two youngsters within the larger establishment of studying.

She stated, “I’m a former workers of Union Houses. Union Financial institution signed our termination letter, they had been those that took over the administration of Union Houses and their workers, Princewill Abumere and Kunle Owode, signed our termination letter.

“Union Houses is a subsidiary of Union Financial institution, what they did first was to vary the operations to Union Financial institution, the emblem and every thing. Within the TIA they signed then, Union Financial institution agreed to pay the workers our entitlement, now they’re buying and selling blames.

“I personally have well being challenges and they’re holding our cash. I’m a widow of 14 years, with nobody to assist my youngsters. My youngsters are within the College, I do not need my daughter to enter prostitution in class. I’m a widow and a diabetic affected person, shopping for insulin N4,500 which I take advantage of commonly. No job, nothing, one cannot do something significant as a result of they’re holding our cash.

“They’ve put us in a lot hardship and our colleagues are dying. I’ve been diabetic for over 20 years, I rely upon Insulin. They only sacked us with out paying us our entitlement. Assist us plead with Union Financial institution to pay us and preserve to the settlement within the TIA.”

One other affected individual stated, “Union Financial institution took over Union Houses and agreed to pay us, even my letter of termination was signed by Union Financial institution workers: Princewill Abumere and Kunle Owode. In settlement, Union Financial institution stated they are going to pay the compulsorily retired workers however they have not until now.

“All courtroom orders compelling Union Financial institution to pay has not yielded something optimistic and Union Financial institution had signed, of their settlement earlier than, that they are going to pay us, so that is what now we have been struggling. Union Financial institution is holding our cash now. They’re simply directing us right here and there.”

One of many affected individuals additionally defined to SaharaReporters that as of 2012, 2013 and 2014, over 500 workers members of Union Houses had been retrenched with out being paid any terminal advantages.

He stated there had been a number of consultations and conferences over the fee plan however none of that had yielded optimistic outcomes.

Based on him, at least 37 affected individuals have died because of the lack of ability to boost funds for healthcare as he known as on Union Financial institution to make sure a speedy look into the plights of affected individuals.

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