There was once a great and viable company called Ciscon Nigeria Ltd. A choice place to work. Ciscon had multiple contracts with many multinationals and money was flowing in. The MD Shawley Coker decided that invoices will be paid 70% in USD and 30% in Naira. The dollars were wired directly to his private Barclays Account.

The 30% Naira was used to pay salaries, do capital projects and even build new companies. One daythe M.D. woke up and transferred all the company landed assets and buildings to annew coy he created called Shawsand Estate. These were buildings erected out of Ciscon funds. Ciscon then began to pay rent to Shawsand estate in millions of dollars. A new method of taking funds from Ciscon purse. He also established numerous coys like Shawsand Medical and Goldtrex for one of his longtime girlfriend.

CIscon Nig became short of funds and rather than give back from the 70% in dollars, the M.D. took out more funds and loans to acquire some companies in the US hoping to attract his weight lifting Son into the business.
He acquired failed companies and the coys are still failing. Using greay funds from Ciscon Nig
He acquired top quality equipment yet no viable jobs came in.

The management of Ciscon Nigeria limited has consistently and criminally cheated its staff of their personal entitlementover the years. This came to a head recently when the MD fraudulently tried to reveiw tge already earned tweminal benefit of his staff. His previous wicked acts include:

1.Non payment of salaries- Ciscon staff in Nig have not been paid salaries since April 2016 yet clients are paying.

2. No promotion for over 6 years. The last promotion for staff was done in 2010.

3. Removal of annual inflation increment: this was removed over 5 years ago when he wanted to acquire the US companies.

4. Removal of staff bonus. At best the M.D. used to approve the sharing of a maximum of 2% of the annual profit. Usually after many.inflated expenses, yet that bonus was reomoved over 4years ago.


5. Deduction of employee tax without remitting it to tax office. Therefore employee could not obtain tax clearance and tax identification numbers.

6. Continuous deduction of pension from staff and non remittance to the Pension fund administrators from January 2014 to date. The implication here is that personnel loses both capital and interest monthly as the fund is not available for trading in the interest of the personnel. Overtime Ciscon had failed to pay the penalty for withholding employee pension as stipulated by Section 11, subsection 6 & 7 of the Pension reform Act of 2014. Also staff that had already been laid off cannot exhibit their right to access 25% of their pension fund as stipulated by section 16, subsection 2C of the pension reform Act due to the non remittances up till their month of termination of employment.

7. Continuous deductions from staff and non remittances of National housing fund (NHF)


8. Non remittances of staff cooperative deductions to the cooperative accounts which implies that personnel loses both capital and interest monthly as the fund is not available for trading in the interest of the personnel.

9. Non remittances of staff welfare deductions to the welfare accounts which implies that personnel loses both capital and interest monthly as the fund is not available for trading in the interest of the personnel.

Please all relevant and respective agencies should please look into these and act accordingly.


10. The last act was his unsuccessful attempt to reduce staff terminal benefits which were already earned. Staff insisted on being paid their due benefits as a providence fun was supposed to have been opened for that payment. Worse still a few weeks after shedding crocodile tears and attempting to hoodwink stafg into believing Ciscon is broke, he outright acquired a couple called OD Rentals for a sum much higher than the total of all his staff terminal benefits.


He has tried to claim the non payment of salaries is due to the downturn in the Oil and gas industry but this is a blatant lie and earlier this year he purchased two large parcels of land in Lagos worth over N700million with Ciscon money.

Ciscon is not only owing staff but also owing vendors. Rather than live up to their responsibility, the management of Ciscon through their typist - Chioma Kenoshionya, a gf of the M.D. issued letters of termination to staff and inspite of several instructions from the ministry of Labour and even the minister. CISCON has not ony refused to reinstate the terminated staff but also stopped paying salaries.


The staff of Ciscon need their salaries to be paid and would not back down till it's done. If Ciscon cannot meet is basic obligation of paying salaries and vendors then maybe it's time to wind it up.

Cc
Seun
Lalasticlala
Ishilove
Semid4lyfe
Obinoscopy

This is a serious matter, I thought only Nigerian bosses act this way, but this is a foreigner enslaving Nigerian staffs in our own country. This issue should be reported to relevant authorities if possible the legislative arm of government. May God help us in this country