AUPCTRE wants FG to take-over Nigeria Commodity Exchange 

The Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees (AUPCTRE), has called on President Bola Tinubu to take-over the Nigeria Commodity Exchange (NCX) and constitute a task force to run it forthwith.

Comr. (DR.) Aliyu Maradun, Chairman AUPCTRE FCT Council, at a press briefing in Abuja, called for a forensic audit of NCX since the Managing Director of NCX, Anthony A. Atuche, has been running the place like a Sole Administrator.

He said due to an on-going labour industrial disharmony at the NCX, a meeting at the instance of the Federal Ministry of Trade and Industry was held with the AUPCTRE union (National and FCT) on issues bordering on welfare of AUPCTRE members.

“A Price Cooper Waterhouse (PwC) report on workplace welfare has identified several areas for improvement and AUPCTRE demanded for a copy of the report from CBN and PwC engaged in the Human Resource Revamp in NCX.

” AUPCTRE also said NCX employees are facing serious career stagnation ranging between eight and nine years on a particular grade level due to lack of promotion, hence they demand for promotion examinations,” the Chairman said.

NCX, according to Comr. Maradun, has not discussed with their employees on the payment of the National Minimum Wage since its implementation in March 2024, therefore NCX should pay the wage including arrears.

Other demands by AUPCTRE include non-payment of repatriation allowance and other benefits to retired NCX staff as well as non-remittance of staff statutory deductions (PAYE tax, pension, NHF, and union dues) to appropriate authorities.

Comr. Maradun said the issues to do with NCX were resolved at a meeting with AUPCTRE but till date the resolutions reached remained not only unimplemented but continues to get worse, and that despite several repeated reminders by AUPCTRE, NCX continues to also to harass, victimise, and infringe on workers rights.

However, in response to AUPCTRE, the NCX MD, Anthony A. Atuche, in a letter to AUPCTRE, dated January 25, 2026, said a substantial number of issues raised had already been and are still being addressed, and said since his assumption of office in 2023 NCX had already been removed from the federal government budgeting framework following a decision of the CBN Board of NCX.

He said despite several efforts, reintegration into the federal budget has not been achieved and NCX have continued to operate under extreme challenging circumstances.