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Fraud

Pan-African Society for Social and Economic Change Calls for Action Against Alleged Forgery and Fraud in Nigeria's Labor Union

Strategic Insights

— 1 min read

The Pan-African Society for Social and Economic Change (PASSEC) has petitioned the Nigerian government, alleging serious irregularities in the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI). According to PASSEC, the current leadership of ASSBIFI, led by Mr. Olusoji Oluwole, has engaged in a disputed election process, forgery, and financial misconduct. PASSEC claims that Oluwole was unlawfully installed as ASSBIFI's National President, and that he had been dismissed from Sterling Bank in 2020, making him ineligible for union leadership. The group alleges that fake employment records were produced and over N300 million has been misappropriated since Oluwole assumed leadership.

Key Takeaways:

  • PASSEC has accused ASSBIFI's current leadership, led by Mr. Olusoji Oluwole, of engaging in forgery, fraud, and financial misconduct, including allegedly presenting fake employment records.
  • Oluwole was allegedly unlawfully installed as ASSBIFI's National President, following a disputed 2022 election, which PASSEC claims was made through misrepresentation of his employment status and the production of forged documents.
  • PASSEC alleges that over N300 million has been misappropriated since Oluwole assumed leadership in November 2022.
  • The organization claims that Oluwole had been dismissed from Sterling Bank in 2020, which would render him ineligible for union leadership according to the Trade Union Act.
  • PASSEC has called on the Nigerian government to launch an independent investigation into Oluwole's employment status and to refer the matter to relevant law enforcement and regulatory agencies.
  • The group has also requested the Ministry of Labour and Employment to direct the Trade Union Congress to suspend the recognition of the current ASSBIFI leadership pending the outcome of the investigation.
  • Comrade Basah Mohammed, Executive Director of PASSEC, has emphasized the urgency of ministerial intervention to preserve the integrity of Nigeria's trade union movement.

Statistics:

  • N300 million allegedly misappropriated since Oluwole assumed leadership in November 2022.
  • 2020: The year Oluwole was allegedly dismissed from Sterling Bank.
  • 2022: The year Oluwole was unlawfully installed as ASSBIFI's National President.

Sources:

  • The petition letter from PASSEC to the Honourable Minister of Labour and Employment.
  • No specific sources were mentioned in the original text for statistical or date-specific information.

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