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Experts, Groups Want NDDC Audit Supervised by New Board

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Tax officials at NDDC headquarters

Positive reactions from segments of the society have continued to trail President Muhammadu Buhari’s pronouncement on Thursday for a forensic audit to be undertaken on the operations of the Niger Delta Development Commission (NDDC).

While receiving governors of the states that make up the Commission in Aso Rock, President Buhari said what is presently on the ground in the Niger Delta region does not justify the huge resources that have been made available to the organization.

Mr Femi Adesina, Presidential Spokesman, quoted President Buhari in a statement released from his office as expressing disappointment with the current state of operations at the NDDC vis-à-vis the volume of funds that have been pumped into the interventionist agency.

“I try to follow the Act setting up these institutions especially the NDDC. With the amount of money that the Federal Government has religiously allocated to the NDDC, we will like to see the results on the ground; those that are responsible for that have to explain certain issues.

“The projects said to have been done must be verifiable. You just cannot say you spent so much billions and when the place is visited, one cannot see the structures that have been done. The consultants must also prove that they are competent,” the President said.

It would be recalled that the Presidency had been angered with reports of messy water hyacinth amounting to about N1.9bn purportedly approved and paid to phoney companies by the current interim Management team. The controversial payments which were in clear breach of Presidential directive and violation of extant procurement rules were said to have alarmed top Presidency Officials.

In their swift reaction, experts and stakeholders in the Niger Delta have expressed support for the presidential directive on forensic audit. They however urged President Buhari to quickly put the new Board that he appointed in August in place since they have never been part of the NDDC in the past, to help supervise the audit.

Dr Jeffrey Emerson, a Development Economist in Port Harcourt, who has written extensively on the Niger Delta, while lauding Buhari’s bold move stated that “It’s a very laudable and encouraging move. Stakeholders like us are elated but in carrying out the audit, it has to be supervised by a new Board, the New Board that has never been part of the rot in the past. You don’t expect the acting Managing Director or bureaucrats who have been part of the rot in the past to supervise that audit…The auditing team should work independently with a team and that team, in my view should be the newly named Board. That is the standard practice globally.”

In their own reaction, the President of Ijaw Diaspora Coalition, Elder Johnson Ebibai stated that it was widely reported in the national media that the commission under the current interim management had secretly interviewed and was set to recruit over 300 new staff members without a board approval for such massive recruitment, and it took the intervention and outcry of well-meaning stakeholders in the Niger Delta Region to halt the exercise.

In his view, this, therefore, is not the leadership that should be entrusted with this level of activity to unravel what has happened in the past which involves them.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Workers’ Day: NLC Decries Deteriorating Standard of Living of Nigerian Workers

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NLC protests in Abuja

By Adedapo Adesanya

The Nigeria Labour Congress (NLC) has outlined demands to the federal government while expressing deep concerns over the deteriorating economic conditions of workers as the world marks the International Workers’ Day (May 1).

NLC President, Mr Joe Ajaero, said Nigerian workers are groaning because of poor pay as a result of the economic policies of President Bola Tinubu as well as growing insecurity and political interference in labour affairs across the country.

Mr Ajaero described the current state of the Nigerian economy as hostile to workers, noting that the removal of fuel subsidy, Naira devaluation and rising inflation have plunged millions of households into deeper poverty.

He maintained that the current economic trajectory has eroded the value of wages, rendering workers helpless and unable to meet basic needs.

“It is clear that the policies of the government, particularly the ill-timed and unstructured removal of fuel subsidies and the floating of the Naira, have pushed Nigerian workers and their families to the brink,” he said.

The NLC president reiterated the labour union’s position on the new minimum wage, stating that N70, 000 is the barest minimum that workers can accept under the current economic conditions. He argued that the amount, though still insufficient considering the skyrocketing cost of living, could serve as a starting point for negotiation.

He lamented the increasing hunger facing workers in the country, “We are hungry,” he said, adding that, “The minimum wage cannot buy a bag of rice. If you are sincere and you go to work every day, 20 days, your salary is gone on transportation.

“We are not asking for luxury. We are simply demanding a wage that allows a worker to live a dignified life, pay rent, feed their families, send their children to school, and transport themselves to work.”

He said that even this figure would need to be adjusted periodically to keep pace with inflation and market forces.

“If the government can effectively implement some of the measures they have put in place -such as the N70, 000 minimum wage, the CNG transport system, and the students’ loan- then one can say that the renewed hope idea is working. I think the foundation has been laid, but we need the real implementation of these,” he stated.

On energy and transport, he criticised the government’s failure to deliver on the promised palliatives to cushion the effect of subsidy removal. He cited the delay in rolling out Compressed Natural Gas (CNG) infrastructure and vehicles, which was supposed to provide affordable alternatives to petrol-powered transportation.

“They promised us CNG buses. Where are they? They promised wage awards. Many states have not implemented anything. The promises made last year have remained largely on paper,” he said.

He called on the Federal Government to accelerate the implementation of energy reforms, especially in the transportation sector, to alleviate the burden on workers who spend a significant portion of their income on transportation.

Mr Ajaero also raised concerns over the inconsistencies in salary payments and implementation of wage awards across various states and federal agencies.

He noted that many state governments have either failed to implement the approved wage increases or are paying workers below the agreed minimum wage, thereby violating labour agreements.

He pointed out that the disparities in the federal and state public service salary structures were unacceptable and called for immediate harmonisation, including a review of salary step progression and grade levels to ensure equity.

The NLC president further urged the government to reform the country’s tax regime, which he said unfairly targets the poor while allowing multinational corporations and political elite to evade taxes.

“It is only in Nigeria that someone earning N50, 000 a month is taxed heavily while the real billionaires are not paying their fair share. This system must change,” he said.

Additionally, the labour leader condemned the growing state of insecurity in many parts of the country, which he said not only affects productivity but, also, endangers the lives of workers, especially those in rural communities and high-risk professions.

He also criticised the decay in the health and education sectors, lamenting that many workers can no longer afford basic healthcare or quality education for their children. Turning to internal challenges within the labour movement, he decried the increasing political interference in union activities, particularly in Rivers and Edo states.

He accused state governors of undermining the autonomy of the trade unions, suppressing workers’ voices, and in some cases, promoting parallel union leadership to create division.

“In Rivers State, we are witnessing a complete breakdown of labour-government relations. Retirees are not being paid, union meetings are disrupted, and workers’ rights are trampled upon. In Edo, we are dealing with a crisis of leadership instigated by the state government,” he alleged.

He urged the federal government to call erring state governors to order and protect the rights of workers as enshrined in the Constitution to prevent the escalation of events in those states. He further stated the status of no May Day celebrations in the states still stands. He challenged the government to prioritise social services in its spending plans and cut waste in governance.

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Nigeria, UK Sign Partnership to Detect, Disrupt Rising Fraud

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UK Nigeria

By Adedapo Adesanya

Nigeria and the United Kingdom (UK) have further boosted their partnership to detect, disrupt and deter rising financial losses and increasingly sophisticated fraud threats against UK citizens.

The UK’s Minister for Fraud, Mr Lord Hanson; Nigeria’s Attorney General and Minister of Justice, Mr Lateef Fagbemi (SAN); and the National Security Adviser (NSA), Mr Nuhu Ribadu, signed a Memorandum of Understanding (MoU) on a joint action plan, formalising a commitment to deeper collaboration.

According to a statement, the partnership will provide increased protection for victims by focusing on earlier detection of threats, faster law enforcement intervention, and the disruption of cross-border criminal networks before they can cause harm.

It will also support stronger systems to help prevent people from falling victim to fraud in the first place.

Areas of collaboration include intelligence sharing, trend analysis, and joint performance monitoring as part of a new, expanded UK Fraud Strategy due to be published later this year.

“The public will be better protected from fraud as law enforcement collaboration between the UK and Nigeria is stepped up under a new joint fraud action plan agreed between the two countries today,” the British High Commission said in a statement shared with Business Post.

The joint plan action navigates around five key elements: information sharing and operational coordination, including the potential for joint law enforcement operations involving the UK’s National Crime Agency (NCA) and Nigeria’s Office of the National Security Adviser; development and strengthening of National Fraud Strategies through the exchange of best practice, frameworks, and lessons learned, along with potential joint public awareness campaigns to deter fraudsters; and exploration of collaboration between financial, online, and telecoms regulators and industry bodies in both countries to help close loopholes exploited by criminals.

Others include sharing insights on the misuse of financial systems, with the potential for joint studies and research into emerging threats, as well as, identifying training needs and delivering capacity-building initiatives, starting with targeted training for Nigerian prosecutors by the UK’s Serious Fraud Office, with further programmes planned, subject to funding.

Speaking on this, Lord Hanson, said, “Fraud ruins lives. It strips people of their savings, their confidence, and their sense of security. The fact so many of these crimes now originate overseas makes our international partnerships more important than ever.

Our new agreement with Nigeria will help us better identify and stop fraud before it happens, crack down on criminals who exploit our systems, and ultimately protect the public from the devastating impact of fraud.”

Adding his input, NSA Ribadu said, “Building on the foundation of the past successes, we must confront crime with greater seriousness, deepen collaboration across all fronts; addressing enablers, supporting victims, and pursuing perpetrators, and sustain an unyielding commitment to protect our societies.”

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Akpabio to Lead Dignitaries to 6th Timeline Awareness Lecture in Lagos

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godswill akpabio timeline nigeria

By Modupe Gbadeyanka

Radisson Blu Hotel in Ikeja GRA, Lagos, will be busy on Thursday, May 29, 2025, for the 6th Timeline Awareness Lecture organised by an online newspaper, Timeline Nigeria.

Dignitaries from across the country led by the Senate President, Mr Godswill Akpabio, will attended the event tagged Importance of Media in Information Gathering, Disclosure in the Face of Security Challenges: The Achievements of President Bola Ahmed Tinubu and Other Barriers.

The socio-political platform was designed to educate and sensitise the public on pertinent issues concerning the society at large.

Participants will have the opportunity to listen to lectures about importance of information gathering and many successes of the President Tinubu-led administration in two years.

A statement from the organisers said the Senate President will chair the programme, while the former Chief of Army Staff (COAS), Mr Tukur Buratai, is the keynote speaker.

Other speakers include the Chairman of the House Committee on Defence, Mr Babajide Benson; and an executive of the of Independent Media and Policy Initiative, Mr Niyi Akinsiju.

Other personalities to grace the occasion are the Governor of Ogun State, Mr Dapo Abiodun; the Governor of Osun State, Mr Ademola Adeleke; the Chairman of the Senate Committee on South East Development Commission, Mr Orji Uzor Kalu; the Chairman of the Senate Committee on Appropriations, Mr Adeola Olamilekan; the Chairman of the Senate Committee on Humanitarian Affairs and Poverty Reduction, Mrs Oluranti Adebule; and a notable businesswoman, Mrs Folashade Okoya, among others.

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