By: Abdul Shakur Omae
Dr Sa-ad Iddrisu, Managing Director of SIC Financial Services Ltd, has ignited controversy after reportedly admitting that the company cannot pay staff salaries and is surviving only on the hope of a government bailout.
In a widely circulated Facebook post, he allegedly stated that he can no longer financially support party footsoldiers in the northern Region urging them to “lower their expectations” and seek help from other figures within the National Democratic Congress, which emphasized that he is “not the only appointee” from the region.
The remarks have triggered backlash, with critics describing them as a rare but troubling glimpse into alleged behind the scenes expectations placed on political appointees to bankroll party activities.
Some observers say the statement raises uncomfortable questions about whether the government is struggling to finance state institutions and are being quietly stretched to serve political interests, even as SIC Financial Services Ltd faces claims that no serious investor is willing to touch it in its current condition.
