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Tag: Nigeria

  • More troubles for Abure, as LP founders ask him to resign

    There seems to be no respite for the National Chairman of Labour Party, Julius Abure, as the founders of the party, Trade Union Veterans (TUV), on Sunday, asked him to resign.

    Lamenting that allegations of fraud against the chairman have greatly dented the image of the Party, they accused Abure of refusing to implement the Memorandum of Understanding (MOU) brokered by the Independent National Electoral Commission (INEC) and signed by all stakeholders but preferred to sideline the Board of Trustees headed by Comrade Ejiofoh and all those who laboured tirelessly to get Labour Party registered because of his hidden agenda which had now come to the open

    TUV members include the pioneer President of the Nigerian Labour Congress, NLC, Comrade Hassan Sunmonu, the 2nd President of the NLC, Comrade Ali Chiroma, the pioneer General Secretary of the Congress, Comrade Aliyu Dangiwa, the 2nd National Treasurer of the NLC, Comrade S. O. Oshidipe.

    Others are Comrade S. O. Z Ejiofoh, the Board of Trustees Chairman and pioneer Chairman of Labour Party, Comrade Lawson Osagie Esq, Comrade Salisu Mohammed, all of whom were the main actors in the formation and registration of Labour Party.

    In a statement in Lagos by Lawson Osagie, TUV lamented that the noble ideals that prompted the formation of the LP to free Nigerian people from decades of bad governance are being desecrated by the leadership of the party.

    The statement said: “We cannot sit down and continue to watch as the ideals, principles, and ethical values of Labour Party we toiled so much to build over the decades are being rubbished by one man.

    “Consequently, we urge Abure to step aside now as the National Chairman of Labour Party and in his place, the Board of Trustees should appoint a Caretaker National Chairman that will organize Congresses in the States before the National Convention can be convened.”

    TUV members also stressed the need for the Board of Trustees under the Chairmanship of Comrade Ejiofoh to be enlarged to accommodate representatives of the new stakeholders namely Mr. Peter Obi, Governor Alex Otti, and the Labour Party Legislative Caucus, saying: “This body will be charged with the implementation in spirit and letter of the MOU referred to earlier.”

    They noted that the Supreme Court under Justice Uwais ruled long ago that workers have the right to form a political party to defend and promote their interest, noting “How then can any well-read and informed lawyer say that NLC has no business in politics or is a meddlesome interloper in the affairs of Labour Party formed by the Trade Unions themselves.

    Read also: BAUCHI: Four women die during stampede for zakaat

    “For the benefit of those who want to know, the 2009 Constitution of the Labour Party in which NLC and Trade Union Congress of Nigeria, TUC Presidents, and Secretaries are made statutory members of National Executive Council, NEC, of LP were the input and contribution by the Edo State Council of LP and Julius Abure was Secretary of the subcommittee on the Review of the Constitution while Comrade Lawson Osagie was the Chairman and a Benin-based legal practitioner, Adams Aliyu was also a member.”

    According to them, “Abure’s current rhetoric about the role and place of NLC in the LP is not only disappointing but embarrassing to the culture of comradeship and solidarity of the trajectory and historical perspective of the labour movement in general and LP in particular.

    “Those attacking the Presidents of NLC including the current one, Comrade Joe Ajaero for defending the ethical values of the founding fathers of LP now being desecrated by Abure are not informed or knowledgeable in the hierarchical structure or organs of the NLC and how decisions are made.

    “No individual takes decisions at the NLC. It must go through organs such as the National Administrative Council, NAC, the Central Working Committee, CWC, and the NEC. This is the old tradition which is still followed and respected religiously because NLC is a democratic organization in which power resides in organs and not in an office.

    “Abure has refused to implement the MOU brokered by INEC and signed by all stakeholders but prefers to sideline the Board of Trustees headed by Comrade Ejiofoh and all those who laboured tirelessly to get Labour Party registered because of his hidden agenda which had now come to the open.

    “The Labour Party was recommended by the then Political Bureau set up by General Ibrahim Babaginda (rtd) during his transition as the 6th Political Party to be registered but the process was scuttled when General Babaginda opted to form the Social Democratic Party, SDP, and the National Republican Convention, NRC.

    “The struggle to form the Labour Party continued until it was eventually registered as Party for Social Democracy Party, SDP, and after the NEC meeting in Bauchi in 2001, the name of the Party was changed to Labour Party.”

    Source

  • Six Delta-Bound ‘Cultists’ Arrested With Guns, Bullets In Osun

    No fewer than six suspected cultists have been arrested by operatives of Nigeria Police in Osun State.

    The suspected Eiye confraternity members were arrested at a motor park at Ipetu Ijesa in Ori-Ade Local Government Area with guns and bullets.

    The suspects were said to be coming from Ilorin and headed to Delta State for a cult clash.

    The Spokesperson of Osun State Police Command, Yemisi Opalola, confirmed arrest of the suspects.

    “A police team moved to the motor park at Ipetu-Ijesa and apprehended the six suspects.

    “Four cut-to-size locally made pistols with 155 rounds of live 9mm ammunition were recovered from the suspect. The suspects confessed to being members of the Eiye confraternity from Ilorin town, Kwara state and heading to Delta state for cultism operation,” said Opalola.

    Six Delta-Bound ‘Cultists’ Arrested With Guns, Bullets In Osun is first published on The Whistler Newspaper

    Source

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  • You thought you were extra special when he left his baby mama

    You thought you were extra special when he left his baby mama - Man tells South African woman after she announced end of her relationship

    A South African man, Keemetswe, commented on a post by a radio content producer, Ngcebo Mcobothi, after she announced the end of her relationship with the father of her child. 

     

    “He left his first baby mama did he not? Wena you thought you were extra special,” he wrote. 

     

    Reacting to the comment, Ngcebo denied snatching him from his baby mama.

     

    “So people who have kids when you meet them don’t deserve to be loved? Who he chose to love before me has nothing to do with me and why it ended. I grew up in a loving home and I was loved and made to feel special Everyone deserves to be loved. Maybe that’s what you need to find instead of writing tweets for engagements,” she wrote.

     

    You thought you were extra special when he left his baby mama - Man tells South African woman after she announced end of her relationship
    You thought you were extra special when he left his baby mama - Man tells South African woman after she announced end of her relationship
    You thought you were extra special when he left his baby mama - Man tells South African woman after she announced end of her relationship
    You thought you were extra special when he left his baby mama - Man tells South African woman after she announced end of her relationship
    You thought you were extra special when he left his baby mama - Man tells South African woman after she announced end of her relationship
    You thought you were extra special when he left his baby mama - Man tells South African woman after she announced end of her relationship
    You thought you were extra special when he left his baby mama - Man tells South African woman after she announced end of her relationship
    You thought you were extra special when he left his baby mama - Man tells South African woman after she announced end of her relationship

     

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  • Personnel ‘Terribly’ Injured As Smugglers Taking Nigerian Fuel To Cameroon Attack Customs Officers, Try To Burn Officers In Adamawa

    They were said to have intercepted the smugglers around Sahuda, a border town in the Mubi South Local Government Area of Adamawa State.

    Smugglers on Sunday attacked and injured a Nigerian customs officer around Sahuda, a border town between Nigeria and the Republic of Cameroon, SaharaReporters has learnt.

    Officers attached to the Adamawa/Taraba Area Command were attacked while blocking the smugglers from ferrying Premium Motor Spirit (PMS), also known as petrol to the Republic of Cameroon.

    They were said to have intercepted the smugglers around Sahuda, a border town in the Mubi South Local Government Area of Adamawa State.

    The smugglers reportedly turned violent and mobilised a mob who attacked the officers with clubs and daggers. They also smashed a patrol van in the process. They were about to set the officers ablaze when military officers came to their rescue.

    Comptroller of the Area command, Salisu Abdullahi Kazaure, confirmed the incident to SaharaReporters on Sunday.

    Kazaure said an Incident Report had been forwarded to the customs headquarters in Abuja.

    The Indent Report seen by SaharaReporters reads in part, “On Sunday 17th March 2024 at about 1130hours following the unwavering efforts of the Command Officers for effective border management and to suppress smuggling activities at the Command’s territorial borders, the Command operatives led by SC T Suleiman, comprising ASCI UU Abdullahi, ASCI MS Ibrahim and others while on information patrol along Mubi-Sahuda road intercepted three (3) tricycle (Kekenapep) loaded with Premium Motor Spirit (PMS) suspected to be smuggled goods being taken out of the Country into the Republic of Cameroon.

    “An attempt by the officers to prevent the smuggling of the product, the smugglers launched a mob attack on them and even tried to burn the officers alongside the official vehicles.

    “The swift intervention and re-enforcement from the Nigerian Army saved the situation. However, one of our officers was terribly wounded and the windscreen of one of the operational vehicles was smashed.

    “The officers were able to secure, evacuate and bring 45x25L Jerry Cans of the PMS from the tricycles to the station amidst the struggle.”

     

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    Source

  • BAUCHI: Four women die during stampede for zakaat

    Four women have been confirmed dead at the venue of the distribution of Zakaat by a Bauchi based philanthropist, the Chairman of AYM Shafa group of companies.

    The crowd, largely women, old and young, married, unmarried and divorcees had gathered at the Jos road headquarters of the Company as early as 7am on Sunday for the distribution of the Zakaat items.

    It was reliably gathered that the exercise started smoothly as the beneficiaries were called in in groups to receive the items until the others became restless and apprehensive leading to a struggle to get in to the main premises.

    In the process, a stampade ensued as the women tried to force themselves inside and in the process, many of them fell on the ground and were trampled upon leading to the casualties.

    They were rushed to the Abubakar Tafawa Balewa University Teaching Hospital (ATBUTH), Bauchi for medical attention where four of them were confirmed dead.

    While confirming the development, State Police Command PPRO, SP Ahmed Wakili said that the Command received a distress call from ATBUTH on the people being rushed there for medical attention.

    According to him, “On receiving the distress call, the Commissioner of Police, Auwal Musa Mohammed immediately directed for urgent action directing for mobilization of personnel to the scene for action.”

    The PPRO added that, “On getting to the scene, the Police operative joined in the rescue operations, cordoned off the area in order to prevent further casualties while the exercise was stopped.”

    He added that, “The victims were rushed to the ATBUTH unconscious after which a Medical Doctor confirmed that Four of them were dead. Others including a 17 year old girl are currently receiving treatment at the hospital.”

    The PPRO also said that the Command frowns at such development which put the lives of people at risk considering the present economic situation in the country.

    He added that the Command is appealing to individuals and organisations that have plans of embarking on such to adequately inform the Command in order to mobilize personnel to the venue for effective crowd control.

    All efforts to get official confirmation and reactions from the management of AYM Shafa on the development proved abortive as no official was available to talk to Journalists at the office.

    By Yemi Kanji,

    Source

  • Atiku, Obi Speak On Release Of Kaduna School Children, Call For Strengthening Of Safe School Initiative

    Atiku-Abubakar-at-Lagos-Business-School-

    Presidential candidates of the Peoples Democratic Party (PDP) and the Labour Party in the 2023 elections, Atiku Abubakar and Peter Obi, have expressed delight in the release of the Kaduna School children.

    The children who were abducted from secondary and primary schools in Kuriga, Chikun Local Government Area of Kaduna State when armed men stormed the school abducting over 200 on March 7 regained freedom in the early hours of Sunday.

    Atiku in a statement said he is elated at the news of the release of the abducted school children in Kaduna, who were held for 16 days.

    “I commend all those who worked tirelessly to make their release a reality,” he said advising that, “As we celebrate with their families and friends, let’s be mindful that, like stage four cancer, this state of insecurity that has befallen our nation is metastasising and needs proactive measures to stem it.

    “I can only imagine the trauma that these vulnerable children have suffered. It is recommended that the children receive psychotherapy care by professionals.

    “We also do not need to wait for the next incident before putting mechanisms in place to forestall it.

    “To this end, I recommend the strengthening of the Safe School Initiative that prioritises the protection of schools, especially in the areas that are most vulnerable to mass kidnap of school children.

    “But above all, there should be an overhaul of the security architecture to meet the demands of the threats facing us,” Atiku said.

    Obi on his part said, “It is comforting to hear that 287 school children abducted in Kaduna have been released. It is hard to imagine the mental pain and trauma the children must have gone through in the hands of their abductors.

    “The report of their release is, however, reassuring to the nation and their parents. I thank the government, the security agencies, and all those who made immense efforts to see that our children are released from captivity and reunited with their families.

    “Efforts should also be made, not just to release many of our people in the different kidnappers’ dens across the country, but to end the scourge of insecurity completely.

    “We must ensure that every Nigerian is safe in Nigeria, by not giving terrorists any operating space in our nation. No Nigerian should ever be a captive or hostage anywhere in his fatherland.”

    The former Anambra State Governor encouraged “every Nigerian, in the midst of these dark and fearful nights in our nation where danger seems to be lurking on every corner, to remain hopeful for the new dawn of a secure and safe nation – the New Nigeria which is POssible.”

    Atiku, Obi Speak On Release Of Kaduna School Children, Call For Strengthening Of Safe School Initiative is first published on The Whistler Newspaper

    Source

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  • Those who want the Naira to be N400 to the Dollar are living in a dream world — Former CBN deputy governor, Kingsley Moghalu, says

    Those who want the Naira to be N400 to the Dollar are living in a dream world ? Former CBN deputy governor, Kingsley Moghalu, says

    Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria, has said that those who want the Naira to be N400 to the Dollar are living in a dream world. 

    Taking to his X account, Moghalu explained that the exchange rate should reflect its market value in reality. 

    He claimed that Godwin Emefiele’s era at the Central Bank created artificiality that it sought to maintain to please economic illiterates in political power at the time. 

    He stated that the artificiality created room for massive arbitrage by speculators which bled the economy. 

    He suggested that the sooner the country focused on the creation of value-added manufacturing export economy that earned forex beyond oil in real and significant terms, the better. 

    He wrote: “Those who want the Naira to be N400 to the $ are living in a dream world. Even discounting for the negative impact of speculative attacks on the value of the Naira, the exchange rate will (and should) reflect its market value in reality, not the artificiality that the Emefiele era central bank sought to maintain to please economic illiterates in political power at the time. 

    “That artificiality created room for massive arbitrage by speculators which bled the economy. Nigeria does not (yet) have a productive export economy. That’s the heart of the matter. 

    “And we do not have $100 billion in foreign reserves. So on what basis would the Naira forex rate return to some fantasy land soon? It will also take time to regain or achieve full investor confidence such as we had when we were there (and the rate was N150-165 to the $. 

    “The sooner we focus on a painstaking creation of value-added manufacturing export economy that earns forex beyond oil in real and significant terms, the better. Key to this is the electricity conundrum in which we are at less than 4,000 megawatts of generation for a population of 200 million for decades now. 

    “Take power to even 20K megawatts (let’s not talk of 50K for South Africa’s 60 million population or Brazil’s 181K megawatts for a population only slightly larger than Nigeria) and you will see what the Nigerian entrepreneurial spirit is capable of.”

     

    Those who want the Naira to be N400 to the Dollar are living in a dream world ? Former CBN deputy governor, Kingsley Moghalu, says
    Those who want the Naira to be N400 to the Dollar are living in a dream world ? Former CBN deputy governor, Kingsley Moghalu, says

    Source

  • BUSINESS ROUNDUP: Court orders Binance to submit data to EFCC; Nigeria’s 2023 imports rise to N35.9tn; Other stories

    Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week —from the capital market to the mainstream business activities, while not forgetting the tech/economy build up.

    Here are the Headlines

    • Nigeria’s 2023 imports rise to N35.9tn
    • Adaora Umeoji appointed Zenith Bank’s first female GMD
    • CBN clears valid FX transactions backlog
    • Nigerian govt approves suspension of Custom’s 25% penalty on improperly imported vehicles
    • Court orders Binance to submit data to EFCC

    Summary

    The total value of Nigeria’s imports rose to N35.9tn in 2023, up from N25.5tn in 2022 representing an increase of N10.4tr. This increase was brought about by the devaluation in the Nigerian currency.

    The breakdown of the data indicates that imports totaled N6.4tn in the first and second quarters of 2023, increasing to N9tn in the third quarter and further to N14tn in the fourth quarter.

    In terms of volume, manufactured imports were the highest at N18.3tn, followed by agric imports at N2.2tn and raw materials at N3tn.

    Dr Adaora Umeoji has been appointed as the first female Group Managing Director of Zenith Bank Plc, effective June 1, 2024.

    This was disclosed in a statement signed by the Company Secretary, Michael Otu, which was filed with the Nigerian Exchange Limited on Tuesday.

    Umeoji will take over from the current GMD, Dr. Ebenezer Onyeagwu, whose time in office expires May 31.

    The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of $7 billion have now been settled, in a fulfillment of a key pledge made by the apex bank’s Governor, Mr. Olayemi Cardoso.

    In a statement on Wednesday, the apex bank’s Acting Director, Corporate Communications, Mrs Hakama Sidi Ali, in Abuja confirmed that independent auditors from Deloitte Consulting meticulously assessed these transactions, ensuring that only legitimate claims were honoured.

    She said that the CBN recently concluded the payment of $1.5 billion to settle obligations to bank customers, effectively settling the residual balance of the FX backlog.

    Following the alleged illicit transaction totalling about $21bn by Binance Holdings Limited, Justice Emeka Nwite of the Federal High Court, Abuja has ordered the cryptocurrency exchange platform to provide the Economic and Financial Crimes Commission (EFCC) with the comprehensive data or information of all persons from Nigeria trading on its platform.

    Justice Nwite granted the interim order after ruling on the ex-parte motion moved by the EFCC’s lawyer, Ekele Iheanacho.

    The interim order was granted to enable the anti-graft agency to unravel the money laundering and terrorism financing allegations leveled against Binance.

    The federal government has approved the suspension of the 25 percent penalty previously imposed in addition to import duty on improperly imported vehicles by the Nigeria Customs Services.

    In a statement signed by the NCS National Spokesman, Abdullahi Maiwada on Friday, March 22, 2024, the Service revealed that the Honourable Minister and Coordinating Minister of the Economy Mr Wale Edun has approved the suspension of the 25% penalty previously imposed in addition to import duty on improperly imported vehicles.

    According to the NCS statement, “The Nigeria Customs Service (NCS), under the directives of the Honourable Minister of Finance and Coordinating Minister of the Economy, has initiated a 90-day window, effective from 4th March 2024 to 5th July 2024, for the regularisation of import duties on specific categories of vehicles.

    ON NGX ROUND UP: Investors close week with N146b

    Investors in the Nigerian equities market closed the week on a high with a profit of N146.95 billion as stocks like NSLTECH, JULI, DAARCOMM, NEM thrived on the floor of the Nigerian Xchange.

    This is even as the NGX-ASI increased to 104,647.37 from 104,387.47 recorded at the close of the previous trading day on the bourse.

    Similarly, the market capitalization increased today by N146.95 billion to N59.169 trillion from N59.022 trillion recorded at the close of the previous trading day.

    ON TECH SCENE: Moove, NCC, X, Solaris, tappi, P1 Ventures, Barakah, Microsoft, Google, are some of the names that made the headlines this week.

    Nigerian-founded mobility fintech startup Moove, has secured $100 million in Series B funding, bringing its total raised capital to over $460 million and valuing the company at $750 million.

    Also, The National Economic Council (NEC) has endorsed the implementation of the $617.7 million Investment in Digital and Creative Enterprises (i-DICE) programme in the 36 states of the federation and the FCT.

    Source