Skip to content
October 30, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Anambra govt. explains deductions from workers’ salaries
  • National News

Anambra govt. explains deductions from workers’ salaries

Admin May 19, 2021
Harry Udu

Harry Udu

May 19, 2021

Ndiolu MFB is owned by the Workers of Anambra, it is not owned by the government. The insinuation that the directive for the deductions for recapitalisation was made by Chief Willie Obiano is totally untrue and can only be borne out of political mischief.

Harry Udu
Harry Udu

The Anambra government on Tuesday said that the deductions being made from salaries of state workers are to stabilise the capital of Ndiolu Micro Finance Bank (NMFB) Limited.

Ndiolu Macro Finance Bank, established more than 10 years ago is owned by Anambra State Workers.

Mr Harry Udu, Head of Service in Anambra, who briefed newsmen in Awka said that the deductions were made after due consultation with labour unions.

Udu said it was rather unfortunate that some opposition political parties were playing politics with the matter.

“Some parties accused the government of deducting varying percentage from workers’ to recapitalise NMFB in line with the directive of Central Bank of Nigeria,” he said.

Udu said the opposition party was trying to pitch the labour against Gov. Willie Obiano who had been good to the workers in the past seven years.

He said that the board and management of the bank presented the challenge to stakeholders and leadership of the workforce, after which they agreed that deductions be made according to grade levels to facilitate the capitalisation.

The HoS said that the bank was solely owned by workers of Anambra and not the state government as insinuated by the party.

“Ndiolu MFB is owned by the Workers of Anambra, it is not owned by the government.

“The insinuation that the directive for the deductions for recapitalisation was made by Chief Willie Obiano is totally untrue and can only be borne out of political mischief.

“Our labour leaders, including the state NLC Chairman, have already rebutted these false politically motivated statements and allegations,” he said.

Udu said that the state was in politically charged times adding with the Nov. 6, governorship election approaching, politicians would be making issues on every minor matter.

He called on all political interest groups and parties to refrain from dragging the civil service into politics.

“The Service is there to serve any Government that is duly elected, the effort to link these deductions to Obiano is a futile one since the workers know the truth.

“It is also untrue that workers welfare is not receiving adequate attention because governor Obiano is one of the best in that regard.

“We plead with political leaders not to waste time and effort in trying to introduce acrimony between the governor and workers as the cordial relation has lasted for seven years,” he said.

The Head of Service was flanked by management team of the bank and representatives of NLC and TUC during the briefing. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Anambra workers Harry Udu Ndiolu Micro Finance Bank Salaries Willie Obiano

Post navigation

Previous Konga SME CONNECT Conference draws record crowd within hours of going live
Next Bird strike: How Aero pilot saved lives of 91 persons; gets NCAA commendation

Related Stories

1 in 4 Nigerian stroke patients under 50, expert says
  • National News

1 in 4 Nigerian stroke patients under 50, expert says

October 29, 2026
Activists March to Lagos Assembly, Demand GMO Ban and Push for Agroecology MDAs
  • National News

Activists March to Lagos Assembly, Demand GMO Ban and Push for Agroecology

October 29, 2026
Imo West Senatorial seat: Okorocha rejoices over judgment, thanks Tinubu imo
  • National News

Imo West Senatorial seat: Okorocha rejoices over judgment, thanks Tinubu

October 29, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Every borrowing is a debt, stop deceiving Nigerians – Atiku’s aide fires at Oyedele
  • Business & Economy

Every borrowing is a debt, stop deceiving Nigerians – Atiku’s aide fires at Oyedele

October 30, 2026
“Obtain Necessary Permits”, Lagos Cracks Down on Illegal Borehole Drilling, to Prosecute Violators
  • metro

“Obtain Necessary Permits”, Lagos Cracks Down on Illegal Borehole Drilling, to Prosecute Violators

October 30, 2026
Drilling Borehole Without Approval Is Illegal, Punishable By Law – Lagos Govt
  • Metro News

Drilling Borehole Without Approval Is Illegal, Punishable By Law – Lagos Govt

October 29, 2026
1 in 4 Nigerian stroke patients under 50, expert says
  • National News

1 in 4 Nigerian stroke patients under 50, expert says

October 29, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.