Business
Unions Shut Caverton Helicopters’ Operations
Aviation trade unions have shut down the operations of Caverton Helicopters at the Murtala Muhammed International Airport , Lagos over alleged sack of 150 workers.
The unions – the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and the National Union of Air Transport Employees (NUATE) – accused the airline of anti-labour practices.
The Tide source reports that members of both unions, chanting various solidarity songs, barred workers and clients of the airline from entering its premises for several hours.
The protesters carried placards with inscriptions such as “Casualisation/Outsourcing is Evil, Workers Say No”, “No Alternative to Condition of Service, No to Impunity in Caverton” and “Workers’ Rights Must be Protected”.
However, there was a tight security presence as policemen from the Rapid Response Squad and other aviation security personnel were on ground to forestall any breakdown of law and order.
Addressing the protesters, Mr Olayinka Abioye, General Secretary, NUATE, said the unions decided to shut down the airline’s operations in Lagos, Warri and Port Harcourt to protect the rights of workers.
Abioye flayed the decision of Caverton’s management to declare 150 workers redundant in view of the current economic situation in the country.
According to him, the affected workers were paid only a month salary in lieu of notice despite some of them having spent up to 13 years in the airline’s service.
He further alleged that some of the workers were outsourced to another company, Bluebay, and their salaries were slashed without any negotiation with labour.
“We are shocked that management chose this ignoble path of ambushing the union by declaring a whopping 150 members of staff redundant, while we were still discussing and negotiating a new salary structure and condition of service.
“We believe that this indecorous position is ultra vires, null and void and of no effect.
“Our principle of industrial relations is not to use “carrot and stick” tactics in negotiation and go ahead and shoot the union at the back.
“We want to inform the management of Caverton Helicopters that unless they reverse themselves by concluding the ongoing negotiation that was aborted, we may not guarantee industrial peace in their locations across Africa,” he said.
Abioye emphasised that the dream of the airline’s founder, Chief Remi Makanjuola, was to empower Nigerians, provide work for them and develop the country as a whole.
He alleged that since the company was handed over to Makanjuola’s son, it had been grossly mismanaged and might be run aground if care was not taken.
Abioye called on the Nigerian Civil Aviation Authority (NCAA) to carry out a financial audit on Caverton Helicopters to know their current financial status.
Also speaking, Mr Frances Akinjole, General Secretary, ATSSSAN, urged aviation companies and airlines to stop treating Nigerian workers as slaves.
However, Caverton had in a letter addressed to the NUATE, which was sighted by our source claimed that the sacking of the workers was based on the review of its operational exigency and economic climate in the country.
The letter dated Oct.28 and signed by the airline’s Industrial Relation Manager, Mr Segun Alebiosu, said the move was in accordance with Section 20 of the Nigeria Labour Act.
It said the affected workers were offered accrued salary up to the effective date, one month salary in lieu of notice and contributory pension up to the last full month.
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
Business
Yenagoa’s Radisson Hotel Ready December — NCDMB, Other
Business
RIRS Sets Tomorrow As Deadline For Individual Tax Returns Filing
-
News15 hours agoRSG Reiterates Commitment To Youth Dev
-
Oil & Energy13 hours agoTranscorp Energy, Renewvia Partner On Renewable Energy Gap
-
Business13 hours agoNSCDC Discloses Illegal Dump Site In Ikwerre Community
-
Rivers13 hours agoPolice Launch Community-Centred National Day Celebration In Rivers, Today
-
Business13 hours agoYenagoa’s Radisson Hotel Ready December — NCDMB, Other
-
Maritime13 hours agoMWUN Raises Alarm Over Port Security Lapses In Lagos
-
Maritime13 hours agoNNS Hands Over Two Suspected Stowaways to Immigration Service
-
Environment13 hours agoFG Alls For stronger Partnerships, Women Inclusion In Water Governance
