Exclusive: LAPO MFB staff reject 25% salary increase after 7 years of alleged stagnant pay, more

Members of staff of popular financial institution, LAPO Micro Finance Bank (MFB) have kicked against the bank management’s move to increase staff salaries by only 25% and 12.5% after 7 years of alleged stagnant pay.

Exclusive reports obtained by Kemi Filani reveals that the last time LAPO MFB’s staff‘s salaries were reviewed was in 2016, and their staff don’t allegedly get the annual (step) increment other organisations/institutions enjoy. “Our salaries have been stagnant since 2016″ after they reviewed it upwards by 15%. The management only reviews staff salaries as at will. It can take 10 or 7 years which is not supposed to be so.” A staff who pleaded anonymity told Kemi Filani.

Kemi Filani gathered that as at 2016, before the 15% review, graduate (BSC/HND) staff (CSOs) earned a net salary of seventy five thousand, seven hundred and fifty naira, eighty six kobo (N75,750.86K), and after the review, their net pay became ninety eight thousand, three hundred and fifty six naira, forty one kobo (N98,356.41K). While Branch Managers (BM) get same salary, but an extra eight thousand naira (N8,000) as duty allowances.




It was gathered that after seven years of stagnant pay, the bank management decided to increase staff salaries by 25% for Junior staff (Graduate CSO, BM, Auditors and AM) and 12.5% for senior staff (Zonal managers – ZM).

“We have had stagnant salaries for years with no one being able to complain. If you do, they will threaten to transfer you to another state, far away from your family. After we were able to complain, they decided to increase it by 25% for Junior staff and 12.5% for senior staff” another staff whispered to Kemi FIlani.

The staff continued, “We have told them that due to the current economic situation in the country, a 25% increase after 7 years wouldn’t make sense. A graduate working for over 10 years and up till now, my net pay is not up to 100K. I can not complain or renegotiate my pay, they only decide on when to review it, which isn’t a standard practice anywhere.”


Source>>> https://www.kemifilani.ng/news/exclusive-lapo-mfb-staff-reject-25-salary-increase-after-7-years-of-alleged-stagnant-pay-more

Kemi FIlani also obtained a message sent by the bank management to their staff informing them about the increase;

Bunch of ingrates if you feel that a company is not doing you well resign and move on. How many people are lucky to have Thier salary increased this period. There are still people teaching in private schools.

A

So upon all the gra gra they aren't even paid well

That's just too bad

The most heartless MfB in the world.

Some govt parastatals still pay below 50k to BSC .....

98K is not bad for marketers

Some universities pay Lecturer II with master's a little above 100K

Nigerians and stupid entitlement mentality, during Covid-19 pandemic that you people didn't work and you were receiving complete salary you didn't complain then.

glammagazine:
Exclusive: LAPO MFB staff reject 25% salary increase after 7 years of alleged stagnant pay, more

Members of staff of popular financial institution, LAPO Micro Finance Bank (MFB) have kicked against the bank management’s move to increase staff salaries by only 25% and 12.5% after 7 years of alleged stagnant pay.

Exclusive reports obtained by Kemi Filani reveals that the last time LAPO MFB’s staff‘s salaries were reviewed was in 2016, and their staff don’t allegedly get the annual (step) increment other organisations/institutions enjoy. “Our salaries have been stagnant since 2016″ after they reviewed it upwards by 15%. The management only reviews staff salaries as at will. It can take 10 or 7 years which is not supposed to be so.” A staff who pleaded anonymity told Kemi Filani.

Kemi Filani gathered that as at 2016, before the 15% review, graduate (BSC/HND) staff (CSOs) earned a net salary of seventy five thousand, seven hundred and fifty naira, eighty six kobo (N75,750.86K), and after the review, their net pay became ninety eight thousand, three hundred and fifty six naira, forty one kobo (N98,356.41K). While Branch Managers (BM) get same salary, but an extra eight thousand naira (N8,000) as duty allowances.




It was gathered that after seven years of stagnant pay, the bank management decided to increase staff salaries by 25% for Junior staff (Graduate CSO, BM, Auditors and AM) and 12.5% for senior staff (Zonal managers – ZM).

“We have had stagnant salaries for years with no one being able to complain. If you do, they will threaten to transfer you to another state, far away from your family. After we were able to complain, they decided to increase it by 25% for Junior staff and 12.5% for senior staff” another staff whispered to Kemi FIlani.

The staff continued, “We have told them that due to the current economic situation in the country, a 25% increase after 7 years wouldn’t make sense. A graduate working for over 10 years and up till now, my net pay is not up to 100K. I can not complain or renegotiate my pay, they only decide on when to review it, which isn’t a standard practice anywhere.”


Source>>> https://www.kemifilani.ng/news/exclusive-lapo-mfb-staff-reject-25-salary-increase-after-7-years-of-alleged-stagnant-pay-more

Don't mind these ones, they have job security in a private organization for well over 7 years getting salary increase and full salary during the pandemic and they are still complaining.

Jokerman:
Some govt parastatals still pay below 50k to BSC .....

98K is not bad for marketers

Some universities pay Lecturer II with master's a little above 100K

Hmm while other MFB staff are crying now because CBN has revoked the licenses, obviously the few ones like Lapo that is still managing the thrive should be commended for even trying to increase salaries during this period. I think these staffs complaining now will be alright last last.

glammagazine:
Exclusive: LAPO MFB staff reject 25% salary increase after 7 years of alleged stagnant pay, more

Members of staff of popular financial institution, LAPO Micro Finance Bank (MFB) have kicked against the bank management’s move to increase staff salaries by only 25% and 12.5% after 7 years of alleged stagnant pay.

Exclusive reports obtained by Kemi Filani reveals that the last time LAPO MFB’s staff‘s salaries were reviewed was in 2016, and their staff don’t allegedly get the annual (step) increment other organisations/institutions enjoy. “Our salaries have been stagnant since 2016″ after they reviewed it upwards by 15%. The management only reviews staff salaries as at will. It can take 10 or 7 years which is not supposed to be so.” A staff who pleaded anonymity told Kemi Filani.

Kemi Filani gathered that as at 2016, before the 15% review, graduate (BSC/HND) staff (CSOs) earned a net salary of seventy five thousand, seven hundred and fifty naira, eighty six kobo (N75,750.86K), and after the review, their net pay became ninety eight thousand, three hundred and fifty six naira, forty one kobo (N98,356.41K). While Branch Managers (BM) get same salary, but an extra eight thousand naira (N8,000) as duty allowances.




It was gathered that after seven years of stagnant pay, the bank management decided to increase staff salaries by 25% for Junior staff (Graduate CSO, BM, Auditors and AM) and 12.5% for senior staff (Zonal managers – ZM).

“We have had stagnant salaries for years with no one being able to complain. If you do, they will threaten to transfer you to another state, far away from your family. After we were able to complain, they decided to increase it by 25% for Junior staff and 12.5% for senior staff” another staff whispered to Kemi FIlani.

The staff continued, “We have told them that due to the current economic situation in the country, a 25% increase after 7 years wouldn’t make sense. A graduate working for over 10 years and up till now, my net pay is not up to 100K. I can not complain or renegotiate my pay, they only decide on when to review it, which isn’t a standard practice anywhere.”


Source>>> https://www.kemifilani.ng/news/exclusive-lapo-mfb-staff-reject-25-salary-increase-after-7-years-of-alleged-stagnant-pay-more

Try to borrow a few friends money and see how many will return it as promised, talk less of borrowing people you don't know this staffs complaining will be okay.

HeartlessMan:
The most heartless MfB in the world.

Inasmuch as he doesn't have anything to fall back to, let him just use the pay dey hold body. It's better den ntin after 30days. But, if he has contingency plans, he can fall back to it.

Nonsense organization 😣😣

Solsix:
Bunch of ingrates if you feel that a company is not doing you well resign and move on. How many people are lucky to have Thier salary increased this period. There are still people teaching in private schools.

this is how poverty destroys you people, Judges that collect 80x this amount got more than 100% increase, and you're here supporting this foolishness

Let them all resign ,and give chance to many desperate people looking for work to be employed ,

Ok