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Insolvent Media Houses Prepare For Bank Loan To Pay Workers


According to NAN report, some of the media houses owe their workers salary arrears of between three and 21 months.

The (NLC) on Tuesday urged media organisations that could not pay the salaries of its workers to take loan from a commercial bank to meet their obligation.

The President of the NLC, Mr Ayuba Wabba, made the appeal when he spoke to NAN on telephone in Lagos.

Wabba was reacting to a call by the Union of Journalists (NUJ), FCT Council, that the Federal Government should initiate for insolvent media organisations.

He said that from the government was a refundable loan and commercial bank could also perform such obligation to enable them to meet their responsibilities to their workers.

“The financial bailout issue is about priority and not about the fund. There are commercial banks where organisations in distress can go and take loan.

“It is not for the government to start giving out loans to the public or private companies to pay the salaries of workers because it gave to state governments,” Wabba said.

He said that some of the states had started to pay back the loans given to them in August.

The NLC president further advised union leaders to understand the details of any government or recommendation before they make their contributions.



source: PM News

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