SEC Staff Union Protests Lack Of Promotion, Poor welfare

Some aggrieved staff of the Securities and Exchange Commission (SEC) have staged a protest over what they described as unnecessary delay in staff promotion and poor welfare amongst others..

The protesting staff, mostly senior staff, who barricaded the entrance of the headquarters of the Commission for several hours on Monday expressed their frustrations at getting the management to address their demands over a long period of time.

Other reasons according to the union includes delay in the conduct of promotion exercise, which necessitates promotion of staff, appointment of deserving staff as directors and disregard for the welfare of the staff members.

They also decried high-handedness and total disregard for the staff by the management which has ignored pleas by staff for negotiation regarding their demands.

Meanwhile, the Management of the Securities and Exchange Commission through its Executive Commissioner Corporate Services, Mr. Ibrahim Boyi while addressing the protesting staff, assured them of the Management’s readiness to dialogue with them in order to ensure industrial harmony.

According to Boyi, some of the demands are currently being considered by the management team of the Commission.

He said “The Board of the Commission is currently meeting to approve the appointment of qualified senior staff as directors and we believe this process will be concluded very soon.

“We are already in discussions with the staff representatives as we speak, and we hope that at the end of today we will come out with agreements that would be beneficial to all and help to ensure peace and industrial harmony in the SEC”, Boyi said.

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