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Abure Suspended as Labour Party Member, Not Chairman—NTC

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Julius Abure

By Modupe Gbadeyanka

The National Transition Committee (NTC) of the Labour Party has clarified that the embattled chairman of the party, Mr Julius Abure, was suspended from office by the Edo State chapter of the group as an ordinary member and not as chairman.

The committee, which is the highest public engagement body of the political party headed by a former chairman of the Nigeria Labour Congress (NLC), Mr Omar Abdulwaheed, said Mr Abure seized to be the chairman of the Labour Party since 2023.

Mr Abdulwaheed, speaking in Abuja through the chairman of the NTC’s sub-committee on Media and Publicity, Mr Tony Akeni, said the courageous action led by Abure’s ward chairman, Mr Thompson Ehiguese, and his ward officers, was commendable.

“As a law-abiding party and process-respecting committee, we have been waiting for the documents of the suspension action before putting a statement out.

The NTC received them today (Sunday) and our legal experts have thoroughly analysed them. The infractions adduced in the document of suspension correspond with solid evidence of Abure’s incredible combinations of gross administrative, financial and anti-party misconduct already long in our possession,” he said.

The labour leader further said, “Having done that due diligence, I wish to assure you that our party in Edo State has done a splendid and legally impeccable job of Abure’s suspension, and could even have gone farther!”

“From a plethora of evidence before us, the Abure we all now know is a walking mountain of anti-party contraventions against both our party’s constitution and the laws of Nigeria. Like a burst abscess, the suspension comes as a huge relief to the body of our party both in Edo state and nationwide,” he added.

Mr Abdulwaheed said, “Let me make further necessary clarification on the action that just took place a few days ago in Edo state. Please, note this very well. Julius Abure was not suspended from our party as national chairman of the party but as an ordinary member of the party.

“This is because by Justice Gabriel Kolawole’s consent judgement of March 20, 2018, and by the mediation terms of a sequel irrefutable agreement signed on June 27, 2022, among the suspended former national chairman, the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), the incontestable owners and landlord of Labour Party, an agreement whose terms and documents were witnessed and are in co-custody of the Independent National Electoral Commission (INEC), Abure’s chairmanship tenure and his entire National Working Committee (NWC) comprehensively terminated since June 27, 2023.

“The documents of that judgement and its legal ramifications are in the public domain for every sincere Labour Party member, public researcher and legal pundit to examine for themselves.”

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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UBA’s Abiodun Coker Wins Future Leader in Media Management Award

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Abiodun Coker

By Modupe Gbadeyanka

The Media and External Relations Lead of United Bank for Africa (UBA) Plc, Mr Abiodun Coker, has been crowned the Future Leader in Media Management.

He clinched this award at The Industry Summit/Awards held on Friday, May 2, 2025, in Lagos, with several persons from across all sectors in attendance.

Mr Coker’s recognition further cements his growing reputation as one of Nigeria’s most dynamic and future-ready communications leaders, with his eyes firmly set on redefining the media management landscape.

The award jury, chaired by Mr Tolulope Ogunjobi, a renowned broadcast business correspondent and Business Editor at TVC News, said Mr Coker was bestowed with the honour because of his exceptional achievements in the public relations field during the year 2024.

The team said one of them was his masterful handling of UBA’s 2024 rights issue, which successfully closed on December 24, 2024, and the impactful execution of the bank’s 75th Anniversary Campaign, both of which were described as commendable and exceptional.

According to the jury, his management of UBA’s media ecosystem during the year under review was remarkable, with several media professionals praising his public relations craftsmanship and ability to skilfully manage the image of one of Africa’s most formidable financial brands.

“Abiodun Coker’s achievements in 2024 are a beacon for greater accomplishments ahead. He is undoubtedly one of the strategic communication experts to watch in 2025,” the jury noted.

A seasoned professional, Mr Coker’s journey from an acclaimed financial journalist at BusinessDay Newspapers to a powerhouse in corporate communications has been nothing short of inspiring.

With over eight years of robust journalism experience, coupled with leadership roles at top-tier public relations firms such as BD Consult Ltd and Quadrant, he has consistently demonstrated his ability to transform and manage leading brands successfully.

Organized by The Industry Newspaper, the leading brand marketing publication in West Africa, the prestigious awards recognize outstanding professionals shaping the future of brand marketing and communications across the region.

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FG Reassures Investors More Enabling Investment Climate

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kuramo capital

By Adedapo Adesanya

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has reiterated the federal government’s commitment to fostering a more enabling investment climate, anchored on macroeconomic stability, structural reform, and a clear pathway to inclusive prosperity.

He gave this assurance at a high-level private dinner, organized by Kuramo Capital Management Lagos as part of Africa Venture Capital Week.

The Minister lauded Kuramo Capital and its partners for their steadfast belief in Africa’s promise and highlighted the alignment between private capital and Nigeria’s renewed hope reform agenda.

According to a statement, participants recognized the vital role of blended finance and innovation in driving sustainable development.

The event brought together a distinguished group of global investors, development partners, and business leaders for a candid exchange on unlocking long-term capital for Africa’s growth and transformation.

It also marks Kuramo Capital’s first formal convening in Nigeria in several years, underscoring a renewed sense of commitment to deepening its strategic footprint across the continent.

Mr Edun said with this renewed commitment, the federal government is poised to unlock new opportunities for economic growth, investment, and inclusive prosperity.

He also called for more investment into the country, assuring participants that the right mechanisms are being put in place towards driving Nigeria’s development and improving the lives of its citizens.

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FG Moves to Fast-Track Household Cash Transfer Scheme

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cash transfer programme

By Adedapo Adesanya

The federal government is fast-tracking the implementation phase of its economic and financial inclusion strategy aimed at improving access to economic opportunities for Nigerians.

This was disclosed by the Deputy Chief of Staff to the President, Mr Ibrahim Hadejia, at the inaugural meeting of the Technical Committee of the Presidential Committee on Economic and Financial Inclusion (PreCEFI).

He said that “Financial inclusion is not just about having a bank account—it means access to quality services, credit, and the visibility that digital platforms offer.”

The meeting was held at the Presidential Villa, Abuja, on Wednesday.

The federal government established an inter-agency task force to address challenges delaying President Bola Tinubu’s approved conditional cash transfers to 15 million vulnerable households.

The task force includes the National Identity Management Commission (NIMC), National Social Safety-Nets Coordinating Office, National Cash Transfer Office (NCTO), Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement System (NIBSS).

The mandate of the taskforce goal is to unlock bottlenecks and fast-track the distribution of critical financial support to Nigeria’s most vulnerable.

The meeting also endorsed steps to work with state governments in localising data from the Enhancing Financial Innovation and Access in Nigeria (EFInA) Access to Financial Services survey – a biennial study conducted by the EFInA.

Mr Hadejia explained that the meeting brought together high-level stakeholders from government agencies, financial institutions, and academia to align on the President’s vision and execution roadmap.

“We are off to a very good start. What has led to the success of what we’ve done so far is alignment and inclusive stakeholder engagement,” he said.

On hsi part, the committee’s Secretary, Mr Nurudeen Zauro, said the meeting also approved PreCEFI’s strategic roadmap and governance structure.

Mr Zauro, who is also the Technical Advisor to the President on Financial Inclusion, said ” an inter-agency committee has been established to address delays in the disbursement of conditional cash transfers to 15 million households as mandated by President Tinubu.

“We will be presenting the report to the National Economic Council and the Nigerian Governors Forum to ensure data is domesticated and acted upon at the subnational level.”

Also, Director-General of NIMC, Mrs Abisoye Coker-Odusote, explained that digital identity plays a foundational role in achieving inclusion goals.

“The beauty of the NIN is that it bridges the financial divide. It provides access to health, education, and agricultural services and strengthens national data infrastructure,” she said.

The Director of Consumer Protection and Financial Inclusion at the CBN, Mrs Aisha Isa-Olatinwo, urged the committee to focus on implementable outcomes that serve those at the base of the pyramid.

According to her, financial inclusion is one of the eight reform pillars of the President’s agenda.

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