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Home > Archives for > Page 114
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Folarin Kehinde

Folarin Kehinde

Headlines

NLC threatens strike action if harassment of officials, facilities by DSS continues

by Folarin Kehinde August 8, 2024
written by Folarin Kehinde

The Nigeria Labour Congress, NLC has said that its members will boycott work if security operatives continue to harass its officials and facilities.

NLC in a statement signed by NLC Head of Media and Public Relations, Comrade Benson Upah, gave the warning in response to the invasion of the union’s headquarters by armed security personnel suspected to be from the Department of State Services, DSS on Wednesday night.

It was reported that some armed security operatives broke into the Labour House in Abuja and ransacked the offices at the 10th and 2nd floors.

A source indicated that they took various materials to their vans, claiming that these items were used to incite and organize the ongoing #EndBadGovernance protests in the country.

To this effect, the NLC leadership has directed that all its officials and staff should refrain from coming to the invaded house until further notice to avoid being incriminated.

“Given the current circumstances, the Nigeria Labour Congress has instructed all its staff to stay away from the Labour House until we are certain that no incriminating materials or harmful substances have been left in our offices by the invading operatives. To alleviate our concerns, we demand an international inquiry into this traumatic invasion.

“If this harassment continues, the Nigeria Labour Congress will not hesitate to call on its members to remain at home until their safety and security are assured.

“We warn that the stifling of public space and channels for constructive engagement, dialogue, and negotiations in light of the excruciating difficulties that Nigerians are currently facing will only exacerbate the situation. A stitch in time may still save nine!” the statement said.

The NLC has also urged President Bola Tinubu’s administration to investigate the deaths of dozens of citizens who were killed by security personnel during the ongoing nationwide protests against hardship.

The union condemned the government for employing various strategies to prevent citizens from holding demonstrations against the economic hardships caused by failed policies.

The NLC reiterated its support for the ongoing protests, tagged as #EndBadGovernanceInNigeria, urging President Tinubu to immediately reverse his anti-people policies to quell the unrest.

The organised labour also called on the Federal Government to as a matter of urgency approve subsidies on basic commodities so as to alleviate the suffering of the citizenry.

August 8, 2024 0 comments
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Headlines

NUPRC seeks collaboration to drive upstream investment, non-destructive divestment

by Folarin Kehinde August 7, 2024
written by Folarin Kehinde

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, said yesterday it was working to ensure collaboration with industry regulators and stakeholders to attract businesses in the sector, amid divestment.

The commission also said it was implementing the Upstream Asset Divestment Framework to guide the seamlessly non-destructive exit of divesting entities and promote sustainable operation for the acquiring parties.

Chief Executive Officer of the commission, Gbenga Komolafe, who disclosed this at the Nigeria Annual International Conference and Exhibition, NAICE, 2024, in Lagos, said this was all in the overriding national interest.

Speaking on the theme of the event, ”Petroleum Industry Value Chain Optimisation: The Inevitability of Midstream and Downstream Development”, Komolafe said the commission was pursuing collaboration with sister agencies, such as the NMDPRA, and other key stakeholders, to deepen end-to-end value in critical areas of operations.

To ensure robust development of oil and gas midstream operations, he said the commission would strengthen alignments on the administration of the domestic crude supply obligation and the domestic gas delivery obligation to grow the sector consistently with the provisions of the Petroleum Industry Act, PIA.

He expressed confidence that commission’s effort to foster regulatory alignments in this respect would stimulate further activities for domestic energy security in the shelter, insisting that the commission would not rest on its oars.

Komolafe said: “We are committed to entrenching collaboration for enhanced value to the industry and the nation at large, as we deliberate on the strategies and innovative approaches that will prepare the industry forward, let us remember that the optimisation of the midstream and downstream segments is not merely an option but inevitability.

“By focusing on this area, we can mitigate the risks associated with market volatility, enhance the refining capacities, and ensure a more stable and efficient energy security for our nation in the world undergoing change.

“No matter what individual views may be, the world is on the energy transition course, hence, dividend of the in-country value from the oil and gas resources via a midstream and a downstream operation is highly imperative’.”

The NUPRC boss disclosed that the commission had made deliberate and conscious efforts to position the upstream appropriately through the implementation of the ongoing regulatory framework for upstream decarbonisation and carbon monetisation in Nigeria.

He noted that the commission was championing decarbonisation initiatives to sustain and grow investments in upstream oil and gas, while ensuring environmental, social, and governance principles.

In his remarks, the Group Chief Executive Officer, NNPC Limited, Mele Kyari, said the NNPCL was putting in place the required infrastructure required to deepen domestic gas utilisation. According to him, the obligation for domestic gas supply and also domestic supply of crude oil into the country is by no means designed to ensure things worked for the industry.

August 7, 2024 0 comments
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Headlines

Civil Service Job: Ogun State Government demand #10,000 non-refundable application form from job seekers

by Folarin Kehinde August 7, 2024
written by Folarin Kehinde

The Ogun State government has reportedly asked persons seeking employment into its civil service to pay a fee of N10,000 for application form.

This was communicated in a memo seen by SaharaReporters and signed by the Permanent Secretary Commission, Jacobs R.O on behalf of the Ogun State Civil Service Commission.

The document noted that “Applicants are to obtain tellers from Room A261 at the Civil Service Commission for application form on payment of a non-refundable fee of ten thousand Naira (N10,000) per candidate”

It was noted that “The Application forms and other credentials should be submitted to the office of the Director, Appointment and Transfer (Civil Service Commission) Block A, Room A233, State secretariat complex Oke-Mosan, Abeokuta” the document read.

This is not the first time the state government will do so; in 2021, it was reported that the state government asked those seeking to become fire service officers in the state to pay N10,000 as application form fee.

The governor, Dapo Abiodun, had approved the recruitment of qualified candidates to the post of Fire Officer II, GL.08, Higher Fire Superintendent GL. 08 and Medical Officer II, GL.12 into the mainstream of the State civil service.

A press release signed by the Permanent Secretary, Civil Service Commission, Mr. Kolawole Ogunlana, had stated that a written examination would be conducted through the Public Service Competitive Entrance Examination on Monday, December 6, 2021 at the Federal University of Agriculture, Abeokuta.

“Candidates should obtain a teller at Room A261, Civil Service Commission, Block A, Oke-Mosan, Abeokuta for payment of non-refundable fee of N10,000, while forms must be submitted on or before Friday, November 26, 2021.” The statement read in 2021.

August 7, 2024 0 comments
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Headlines

BREAKING: Tinubu appoints new CEOs for humanitarian & social development agencies

by Folarin Kehinde August 6, 2024
written by Folarin Kehinde

Eight months after the suspension of betta Edu, President Bola Tinubu has approved the appointment of seven Nigerians to head strategic agencies and programs under the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development.

This was revealed in a statement sent to journalists today by Ajuri Ngelale, a presidential spokesman.

According to the statement, Dr Badamasi Lawal has been appointed as the Chief Executive Officer of the National Social Investment Programme Agency (NSIPA). Dr. Lawal, who holds a doctorate degree in education, previously served as a commissioner in Katsina State.

Ms. Funmilola Olotu will serve as the Programme Manager for the National Social Safety-Net Coordinating Office. Ms Olotu, who has a master’s degree in business administration, is currently the Senior Special Assistant to the Governor of Lagos State on state lotteries.

Ms. Aishat Alubankudi has been named Programme Manager for the Grant for Vulnerable Groups. Ms. Alubankudi holds a bachelor’s degree in community development and brings experience as a risk assessor and financial manager.

Princess Aderemi Adebowale will manage the Home Grown School Feeding program. Princess Adebowale is the Special Adviser to the Governor of Lagos State on Civic Engagement and has previously served as a local government chairperson.

Mr. Abdullahi Alhassan Imam has been appointed Programme Manager of the National Cash Transfer Office. Mr Imam, who holds a bachelor’s degree in accountancy, has experience as chief accountant at Northern Dairies Ltd and as a bank manager.

Mr. Ayuba Gufwan will serve as the Executive Secretary of the National Commission for People with Disabilities. Mr. Gufwan holds an LLB and is currently the executive director of the Beautiful Gate Handicapped People Centre in Jos.

Ms. Lami Binta Adamu Bello has been appointed Director General of the National Agency for the Prohibition of Trafficking in Persons. Ms Binta holds a master’s degree in public administration and has previously served as the Secretary-General of ALGON and Permanent Secretary in both the Federal Ministry of Health and the Federal Ministry of Women Affairs and Social Development.

President Tinubu expressed confidence that the new appointees will execute their responsibilities with the highest levels of integrity and diligence.

August 6, 2024 0 comments
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Employment scam in MINT: Group petitions CBN, National Assembly, CCB, others: CBN Deputy Governor Emem Usoro; her aide Olakunle Abiola indicted Leading Reporters
Business

JUST IN: CBN Approves Merger Of Unity, Providus Banks

by Folarin Kehinde August 6, 2024
written by Folarin Kehinde

The Central Bank of Nigeria (CBN) on Tuesday announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and the Providus Bank Limited.

The apex bank, in a statement by its acting Director of Corporate Communications, Hakama Sidi-Ali, said the move is designed to bolster the stability of the nation’s financial system and avert potential systemic risks.

“The merger is contingent upon the financial support from the CBN. The fund will be instrumental in addressing Unity Bank’s total obligations to the Central Bank and other stakeholders,” the statement read.

“It is unequivocal to state that the CBN’s action is under the provisions of Section 42 (2) of the CBN Act, 2007. This arrangement is crucial for the financial health and operational stability of the post-merger organisation.

“It is important to emphasise that no Nigerian bank currently faces a precarious situation comparable to that of Heritage Bank, which was recently liquidated.”

The CBN said it remains committed to safeguarding depositors’ interests and ensuring the smooth functioning of the banking sector through proactive measures and strategic interventions.

August 6, 2024 0 comments
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Business

BREAKING: First Bank sacks over 100 employees after ₦40bn fraud

by Folarin Kehinde August 6, 2024
written by Folarin Kehinde

First Bank has reportedly sacked over 100 employees in July 2024, four months after discovering that Tijani Muiz Adeyinka, a manager on the operations team, allegedly diverted ₦40 billion over two years.

In details first reported by TechCabal, Adeyinka, who is still on the run, used his authorisation to approve chargebacks to accounts he controlled.

Two people with direct knowledge of the matter claimed that at least 120 employees, including full-time and contract staff of First Bank’s large operations department, were given termination letters in July. The head of transactions at the time was also fired.

Those employees were accused of laxity in carrying out their duties and were told they should have spotted the fraud earlier. First Bank’s management team believed it was impossible for a fraud of that scale and timeline to have been executed without the knowledge of Adeyinka’s superiors.

“The CEO said there will be zero tolerance for supervisory negligence,” said one First Bank employee who asked not to be named so they could speak freely.

TechCabal first reported the alleged fraud in May, showing how Adeyinka, who was the final line of authorisation on his team, carried on his scheme unnoticed for two years. When the incident was discovered in March, the bank tried to keep the matter under wraps, suspending several operations team members indefinitely. However, First Bank became more aggressive after the fraud became public.

Several employees were questioned by the Nigerian Police Force (NPF) and detained at the Lion’s Building for at least six hours, one person with direct knowledge of the incident said. Those employees needed to post bail before they were released. Restrictions have been placed on all their personal accounts except their First Bank accounts.

First Bank did not immediately respond to a request for comments.

The blast radius may have extended farther. First Bank’s CEO at the time, Dr Adesola Adeduntan, abruptly resigned in April, eight months before the end of his tenure and less than a month after the fraud was uncovered. Adeduntan, who led First Bank for nine years and “left to pursue other interests,” was initially replaced as CEO by First Bank’s board in April 2021.

The Central Bank blocked that move, claiming First Bank’s board acted without regulatory approval. It paved the way for Dr Adeduntan to serve an unprecedented third term. One publication claimed concerns over his tenure led to his resignation in April.

August 6, 2024 0 comments
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Africa & World

BREAKING: Harris picks Walz as running mate

by Folarin Kehinde August 6, 2024
written by Folarin Kehinde

The US Vice President, Kamala Harris, announced Minnesota Governor, Tim Walz, as her running mate on Tuesday.

This is as the VP prepares to take on Republican Donald Trump in November’s US election.

US Vice President and 2024 Democratic presidential candidate Kamala Harris delivers remarks before departing George Bush Intercontinental Airport in Houston, Texas, on August 1, 2024, as she returns to Washington, DC.

Walz brings a rural Midwestern perspective to the Democrat’s campaign while also having notched liberal policy goals such as cannabis legalisation and increasing worker protections.

Details later …

AFP

August 6, 2024 0 comments
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Headlines

BREAKING: Protesters storm Wike’s private residence in Port Harcourt [VIDEO]

by Folarin Kehinde August 6, 2024
written by Folarin Kehinde

The #EndBadGovernanceInNigeria protests have reached former Governor Nyesom Wike’s residence in Port Harcourt.

Wike, the Federal Capital Territory minister, had vehemently kicked against the protest in the Nigerian capital.

While the protests seem to have died down in the FCT, the street processions are gradually picking up in Wike’s home state.

The demonstrators have now gathered at the former governor’s mansion in the state capital as the protests enter Day 6.

In response, the Nigerian Police Force has deployed additional personnel to the area to maintain order and ensure the safety of all parties involved.

The protesters had earlier stormed the Government House on the first day of the protests where they publicly embarrassed Governor Sim Fubara who tried to give them money for ‘pure water.’

Watch the video below:

#EndBadGovernance protesters reportedly storm FCT Minister Nyesom Wike’s residence in PH, Rivers State

pic.twitter.com/0Ig50tv3kY

— Instablog9ja (@instablog9ja) August 6, 2024
August 6, 2024 0 comments
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Business

NCC Directs Telcos on Tariffs Transparency

by Folarin Kehinde August 6, 2024
written by Folarin Kehinde

The Nigerian Communications Commission (NCC) has issued a directive to telecommunications operators to simplify their tariff plans, bundles, and promotional activities.

This move aims to provide clear, easy-to-understand, and accurate information about the cost of voice, short messaging service (SMS) and data services to subscribers.

The directive, titled “Guidance on the Simplification of Tariffs in the Nigerian Communications Sector,” was issued on July 29, 2024. It mandates Mobile Network Operators (MNOs) to publish a comprehensive table showing the features of their tariff plans and bundle offers.

The table should contain all necessary information for subscribers to make informed decisions, including details on add-ons, their prices, how consumers can opt-in or out, terms and conditions for renewal, and rollover policies.

The guideline is the outcome of consultations with industry stakeholders, including MNOs and Consumer Focus Groups, and extensive data analysis on consumer preferences and expectations.

The objectives of the simplification guidelines are to reduce the complexity of tariff plans and bundles, ensure transparency and fairness of promotional elements of tariff plans, protect consumers’ interests by providing clear and understandable tariff information so that they make informed decisions, and promote fair competition among licensees by standardising tariff structures.

Service providers are also required to display all relevant information about their tariffs, such as the name of the plan, price, validity period, price-per-second for on or off-network and international calls, expected data speeds, and fair usage policies.

“Operators can maintain existing bonus-led tariff plans till 31st December 2024, within which period operators are expected to educate and migrate all subscribers to the simplified tariff plans,” the directive stated.

The guidelines further mandate that MNOs must communicate tariffs to subscribers in “clear language and a user-friendly format,” with full disclosure of a subscriber’s tariff plan via Unstructured Supplementary Service Data (USSD).

The guidelines further mandate that MNOs must communicate tariffs to subscribers in “clear language and a user-friendly format,” with full disclosure of a subscriber’s tariff plan via Unstructured Supplementary Service Data (USSD).

Additionally, “operators must offer stand-alone data bundles at fair prices to avoid tying consumers with products they do not need; bonuses on promotions must be stated in actual value; access fees and asymmetric fee structures must be eliminated,” among other conditions.

The NCC emphasised that while complying with these guidelines, operators must also meet the Key Performance Indicators (KPIs) standards set out in the Quality of Service (QoS) Regulations.

August 6, 2024 0 comments
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Headlines

JUST IN: National Electricity Grid Collapses Again

by Folarin Kehinde August 5, 2024
written by Folarin Kehinde

The national electricity grid has again collapsed, leaving various homes in the country in darkness.

The collapse was confirmed by an official of the Transmission Company of Nigeria (TCN), who described it as a partial collapse.

The TCN official further revealed that power was being restored gradually.

The total generation on the grid dropped to zero as of 1:33 pm on Monday. This latest collapse marks the fifth time the national grid has failed in 2024.

August 5, 2024 0 comments
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