Ibeto Cement Company has announced the
commencement of payment of the outstanding retirement benefits for
former employees of the Nigerian Cement Company Plc.
The company said in a statement made
available to our correspondent on Monday the was sequel to its emergence
as the core investor and majority shareholder in Nigercem Plc.
It said, “The company has commenced the
payment of final withdrawals payment, being retirement benefit scheme
due to 72 staff members of Nigercem Plc from their contribution and that
of the Company from Crusader Life Insurance Limited.”
It added that the payment would last from Monday, May 20, 2013 to Wednesday, May 22, 2013.
Stressing that it had faced several
challenges in fulfilling its obligations, the company said, “The
foregoing welfare initiative by Ibeto, no doubt, is in consonance with
its avowed aim and objective to resuscitate and revamp the moribund
cement company despite unlawful challenges by Chief Martin Elechi,
Governor Ebonyi State.
“However Ibeto Cement Company Limited is
undeterred in its determination to resuscitate the company, and improve
the socio-economic well-being and welfare of staff of Nigercem Plc, its
host communities and Ebonyi State, South-East geo-political region and
Nigeria in general.”
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