The Academic Staff Union of Osun State Polytechnic, Iree, at the weekend staged a protest over alleged deduction of their salaries by the management of the institution for the repayment of a loan.
It was gathered that the lecturers under the aegis of Academic Staff Union of Polytechnic (ASUP) approached a bank about four years ago for a loan, and that the loan was approved after the institution gave a letter of domiciliation to the bank. It was also gathered that the bank has been deducting the money from the lecturers’ salaries, and that some of them have completed payment. A source in the institution said some lecturers are still struggling to refund the loan because of accumulated interest.
“The accumulated interest is the cause of the problem as some of the lecturers refused to pay it. Following that development, the bank threatened to drag the management of the institution to court. That caused the management to source for funds to settle the bank, after which it started deducting the money from the salaries of the lecturers”‘, the source said.
When contacted, the Media Relations Officer of the institution, Mr. Tope Abiola, confirmed the disbursement of the loan by the bank to staff, but maintained that the management was not deducting the lecturers’ salaries.
He said the management intervened in the matter so that the institution will not lose its credibility and corporate image. Mr. Abiola said the matter is being seriously attended to so that it does not affect academic activities. He also denied allegation by the teachers that the management is yet to pay them their teaching allowance.
- Daily Trust