Fidelity Bank and the Non Academic Staff Union, NASU, University of Ibadan Chapter, are in a financial quagmire.

Reports say the bank allegedly issued the Non Academic Staff Union, NASU, loan for the institution staff some months ago. The loan is meant to run for two years and its servicing ought to have been done with by now.

According to sources, it is gathered that the financial institution and the management of the union are reportedly not fair and transparent with their fellow colleagues in the dealings of the loan; as the staff in service were told that they would have to pay for the leftovers of the retired staff, who refused to pay up their loan before their retirement and had already spread the outstanding onto others.

It is understood that this position was, however, kept away from them until they were confronted with this reality in the bank.

The NASU Chairman, Comrade Abiodun Rasaki Omisore, who allayed the fears of his colleagues that they are going to get to the root of the issue, allegedly joined hands with some staff of the bank to defraud them.