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Workers Protest as IGI Sacks Over 60 Staff Without 20-month Pay

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  • Workers Protest as IGI Sacks Over 60 Staff Without 20-month Pay

Drama as workers of the Industrial and General Insurance (IGI) Plc protest against the sacking of over 60 employees by the organisation.

Workers, who were chanting solidarity songs with placards, accused the company of owing them 20-month salaries.

One of the workers said the company distributed the sack letters via Whatsapp to the affected workers.

Protesters, however, complained that efforts to get the IGI’s Managing Director, Racheal Emenike to pay them their outstanding salaries were rebuffed as she claimed the debt was not incurred during her tenure.

Samson Onipede, the Chairman, Coalition of IGI Staff, said, “IGI has been going through liquidity issues overtime and staff members have been enduring and sacrificing for the company. But when the MD came in eight months ago, everyone thought that she would take the company in a new direction to save it from liquidation, but it turned out to be a mistake.”

Mr. Steve Ilo, the spokesperson for the company, said, “It’s true some workers were disengaged in continuation of the ongoing turnaround programme aimed at reviving the company.

‘Those affected came to our office in the morning to protest the decision. For the management, it was a hard decision to make. But the measure was long overdue and it had to be taken in order to save the company from sudden death.”

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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