September 11, 2025
Press Release
TWENTY PERCENT (20%) SALARY CUTS FOR MANAGING
DIRECTOR AND ALL STAFF
As part of efforts to salvage SIC Financial Services Ltd (SIC-FSL) and bring it
back to GLORY, Management, led by Dr. Sa-ad Iddrisu, has decided to cut the
Managing Director's and all staff salaries by 20%, effective next month, October
2025. This aligns with new cost-cutting measures implemented by management
to streamline operational expenses.
We wish to assure the public that SIC-FSL is still open to taking on new
businesses from clients and shall be rolling out new products as well, with the
first set of new products expected to be available by the end of the fourth
quarter of 2025.
To our cherished existing clients, we understand the challenges you've faced due
to the past economic crisis in 2022. We want to assure you that we are actively
seeking assistance from the government to settle all of you. Your investments
are important to us, and we are working tirelessly to turn the fortunes of the
company around for your benefit.
To our debtors, including contractors and SME’s, we are counting on you. We
trust that you will pay us what you owe once you receive your payments for
your contract certificates from the government. Your cooperation is crucial for
our collective success.
End
Signed:
Dr. Sa-ad Iddrisu
Acting Managing Director.