• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News

The Finance Ministry Has Delivered A Perfect Response To Its Protesting Workers

Nairametrics by Nairametrics
June 21, 2016
in Business News
The Finance Ministry Has Delivered A Perfect Response To Its Protesting Workers
Share on FacebookShare on TwitterShare on Linkedin

The Federal Ministry of Finance was on Monday faced with protest from some of its staff claiming that they were being owed unpaid allowances amounting to N1.2 billion. According to sources, they were demanding the removal of the Minister of Finance, Kemi Adeosun on the grounds that she had collected a house rent of N30 million annually but will not approve their allowances of N1.2 billion.

The Ministry of Finance wasted no time in delivering their own side of the story and we dare say it was a perfect response to what could have been very embarrassing for the government. Here is it;

 

MoreStories

Alberta adds $135 fee for worker immigration applications in 2026

Alberta adds $135 fee for worker immigration applications in 2026

April 10, 2026
EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC busts alleged ‘yahoo academy’ in Abuja, arrests 31 suspects 

April 10, 2026

FEDERAL MINISTRY OF FINANCE

PRESS UNIT, 4TH FLOOR, PHASE II

NEWS RELEASE

STAFF PROTEST OVER N1.2 BILLION SPECIAL OVERTIME UNJUSTIFIED

A joint protest by some staff of the Federal Ministry of Finance, Office of the Accountant-General of the Federation and the Budget Office of the Federation to back a demand for the payment of an unofficial allowance in the sum of N1.2 billion has been brought to the attention of the Management of the Federal Ministry of Finance.

The Management wishes to state as follows:

i. The payment of what the protesting staff called a Special Overtime (SOT), was stopped by the last administration in 2014 on the ground that it was not listed in any extant government Circular, Financial Regulations or the Public Service Rules;
ii. The sum of N1.2 billion computed by the staff union for payment could not have been budgeted for in 2016 in the first place, not only  because of the paucity of funds, but  also the fact that the SOT allowance was not part of the remuneration in the Federal Public Service; and
iii. The Federal Ministry of Finance, the Office of the Accountant-General of the Federation and the Budget Office of the Federation, do not individually or collectively, owe any of their personnel their salaries.

In view of the foregone, the Management of the Federal Ministry of Finance wishes to categorically state that the protests have no justifiable grounds.

SALISU NA’INNA DAMBATTA

Director (Information)

June 20, 2016

 

Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Next Post
Why Some People Are Currently Making A “Kill” From The Stock Market

Why Some People Are Currently Making A "Kill" From The Stock Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

nairametrics




DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics