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NLC Warns Against Hike in Fuel Price

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NLC President, Comrade Ayuba Wabba

Following the purported plan by the federal government to hike the price of petroleum products, the Nigerian Labour Congress (NLC) wednesday threatened to take drastic action over any move to further hike fuel price after the last increase.

Though the federal government has clearly denied any such plan, the NLC at the end of an emergency Central Working Committee (CWC) meeting said congress is not taking such a plan lightly.

In a communique signed by NLC President, Ayuba Wabba and Secretary General, Dr. Peter Ozo-Ezon, “expressed concern at the body language of the oil marketers which points to the process of yet another round of increase in the pump price of petroleum products, warning that another spate of increase in any form will not be acceptable.”

NLC further declared that “In view of the incalculable damage any further increase in the pump price of petroleum products will cause, marketers should not contemplate this option.”

They also “called on NERC and DISCOs to obey without further delay, the subsisting court order by reviewing downward the current electricity tariff.”

NLC noted: “that in spite of the subsisting court order declaring as illegal the electricity tariff review, NERC and DISCOs are yet to comply with the court order.”

The organisation added that “in view of the growing difficulties in the economy associated with inflation and devaluation of the Naira, a new minimum wage is not only imperative but urgent as the current minimum wage cannot take the workers to the next bus stop.”

Meanwhile, the association said it would next week stage a protest against the Nasarawa State Governor, Alhaji Tanko Al-Makura, over alleged impunity and abuse of workers’ right.

To that effect, the NLC said it will “declare August 23, 2016 as national day of mourning in honour of the dead and injured workers in Nassarawa State.

“Invite Nigerian workers and civil society allies from across the country to Lafiaon August 23, 2016 to peacefully protest against the illegal actions, impunity and murderous schemes of Al-Makura.”

The NLC explained that “even if workers were on protest, the right to lawful assembly and protest is guaranteed by the 1999 Constitution, Labour Legislations and ILO Conventions to which Nigeria is a signatory.”

They also expressed “outrage at the concerted effort by the Nasarawa Police Command and the government of Nasarawa state at a criminal cover up.”

The body also described “the shooting as barbaric, tragic and saddening, noting that the absence of remorse by the Nasarawa Police Command or the Nasarawa State Governor shows it was a premeditated action.

“The mindless violence unleashed on workers is part of a calculated attempt by some governors to silence lawful and peaceful protests against their acts of impunity, unlawful and criminal conduct and will be resisted by workers with everything workers have.”

They added: “There have been systematic and co-ordinated attacks on the rights of workers in some states such as Nasarawa, Kogi and Imo by way of non-payment of salaries and pensions; illegal whittling down of the workforce via declaration of workers as ghost workers; unlawful abrogation of working days and hours; and surreptitious sacking of workers.”

NLC further demanded for “full justice for the injured and the dead by way of unbiased investigation, appropriate punishment and full compensation for the victims of this senseless shooting “Put in place a series of actions to compel the government of Nasarawa State and Nasarawa Police Command to account for their actions,” the NLC stated.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

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Netanyahu

Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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