The staffs of the Corporate Affairs Commission (CAC), has called off the industrial action it embarked on recently just as Bar. Jimoh Ibrahim remains the Chairman of the Commission.

The union had embarked on the strike to push for the removal of the Board Chairman, Mr. Jimoh Ibrahim, and asked for improved working conditions. The Minister of Commerce and Industry, Senator Jubril Martins-Kuye who held a meeting with all parties involved, stressed the need for Commission to remain peaceful and ever ready to work in the interest of Corporate  Nigeria.

The meeting held in the Conference Hall of the minister, had in attendance Management staff of the Ministry, Management of CAC, leaders of the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employers (AUPCTRE) and the Chairman, Board of Directors of CAC, Barrister Jimoh Ibrahim. The Meeting which was at the instance of the Minister was to find lasting solution to the crisis which led to the strike embarked upon by workers of CAC.

The Minister said whatever time spent to tackle CAC problems, was worthwhile based on the fact that CAC was a critical Institution for gauging the performance of the economy of Nigeria. He said that all the issues that were generating problems were issues that would create peace and harmonious relationship that would move the Commission forward.

Speaking to the Economic Confidential after the meeting, Bar. Jimoh Ibrahim said that as the Chairman of the Board of CAC, he has the duty to play by law, adding that everybody was well informed about the issues that led to the crisis. He said most of the actions of the Board were done in the interest of the service citing the recent automatic employments of 55 National Youth Service Corps (NYSC) members that served in the agency, the promotion of staff who were successful during the 2009 promotion exercise and also huge revenue generated within one year. He said the the board took some some measures to strengthen the workforce and stabilise the  operation in the Comission.

At the end of the meeting both sides agreed that the on-going negotiations between the management and the Union which bordered on review of the existing conditions of Service should be completed on or before end of September 2010 and be forwarded to the Board for approval. Also unresolved payment of arrears in respect of 2008 promotion for senior staff should be submitted to the Board within one week. They also agreed among other things that federal government policy and circular on the operations of Boards and management of Parastatals shall be strictly adhered to.

The agreement that was reached at the meeting was signed by the Permanent Secretary, Federal Ministry of Commerce and Industry, Dr. Abubakar Mohammad, Mr. P. E. Agbonkonkon, Ag. General Secretary (AUPCATRE), Alhaji Bello Mahmud, Registrar-General Corporate Affairs Commission and Barrister Yusuf Dauda, Chairman, CAC Branch of AUPCTRE. In the light of this the Union members agreed to call of the strike