Nation
CBN Shops for Investors In Five Banks …Following Sack Of MDs
Following the sacking of the management of five commercial banks, the Central bank of Nigeria, CBN, is now looking for investors for the financial institutions which are now under its supervision.
The CBN Governor, Lamido Sanusi said the N400 billion injected into the affected banks would be converted into tiers through all-purpose shares in order to attract investors.
Meanwhile, the Nigerian Stock Exchange, (NSE) has placed the sale of the five banks whose chief executives were sacked last week on hold, for two weeks.
The banks are Afribank, Oceanic Bank, Intercontinental Bank, Finbank and Union Bank.
Nation
Bizman Alleges Threat To Life …Seeks Police ,Govt’s Intervention
Nation
UNIZIK Lecturers Protest Non-Payment Of Salaries For Five Years
About 1,000 lecturers of the Nnamdi Azikiwe University, Awka have protested non-payment of their salaries after five years of employment.
The protesting lecturers said a total of 12 of their colleagues, who were employed at the same period have died while waiting to be paid their emoluments.
Wielding placards with inscriptions to tell their stories, the lecturers appealed for payment of their salaries, saying that the current economic hardship in the country bites more on them and their families.
One of the affected lecturers, Mr Ibezim Echezona, said, “Our members are dying and we have buried 12 members so far, the last one was this year and this is someone that we saw last December and today she is no more and that is to tell you what we are going through due to non payment of our salaries for five to six years now.
“This problem is in the hands of the university because the IPPIS is no more. We demand an explanation. They should tell us if it is Abuja or the school management that is holding our salaries.”
Another staff who works at the Center for Disabilities And Special Needs Research, Mr Chukwuebuka Emmanuel said since his employment in 2019, he has not received any remuneration, yet he has been delivering services.
Emmanuel, a blind staff said: “We were employed since 2019 and till date we have not received any salary and initially we were told that the problem is with the Integrated Payment and Personnel Information System IPPIS. Later the then Governing Council came on board and approved our payments and capturing, yet nothing came out of it.
“This has been affecting us generally not to talk of people with disabilities and it has not been easy as a family man taking care of his wife and children.
“If I remove my spectacle you can see that I am crying and we are owing our landlords and there is a limit at which the landlord can assist you and what do I tell my children when they demand school fees and other needs?
“We do not know those that are holding our salaries we do not know if it is the Federal government or the Ministry of Education or the University,” he said.
Nation
50% Telecom Tariff Hike: NLC Fixes Date For Nationwide Protest
Nigerian workers have announced February 4, 2025, as the date to embark on a nationwide protest against the 50 percent telecommunications services tariff hike in the country.
The Nigerian Labour Congress, NLC, disclosed this in a statement yesterday.
This comes as the Nigerian Communications Commission on January 20, 2025, announced the approval for telecom companies to hike services tariffs by 50 percent.
The approval has sparked a wide tide of rejection by Nigerians, including the NLC.
In an update to press home their opposition against the telecom tariff hike, the NLC vowed to shut down the country through a nationwide protest.
This is part of its mobilisation against the planned 50 percent telecom tariff hike.
The Tide’s source noted that the nationwide protest was agreed on at the National Admini-strative Council, NAC, of the labour union.
The protest aims at sounding a note of warning to the government that workers would resist the planned hike as it would worsen the poverty level across the country.
Recall that NLC had, on January 22, rejected the 50 percent telecommunication tariffs hike approved by the Federal Government through the Nigerian Communications Commission, NCC.
The NLC said that the 50 percent tariff hike approval, at a time Nigerian workers and the masses are grappling with unprecedented economic hardship, is a clear assault on their welfare and an abandonment of the people to corporate fat cats.
“This decision, coming at a time when Nigerian workers and the masses are grappling with unprecedented economic hardship, is a clear assault on their welfare and an abandonment of the people to corporate fat cats,” the statement by NLC president, Joe Ajaero partly reads.
Earlier, Nigerians under the aegis of the National Association of Telecoms Subscribers vowed to drag the Nigerian government and telcos to court over the 50 percent telecoms service tariff hike.
Meanwhile, the government had repeatedly justified the latest telecom tariff hike on rising inflation which stood at 34.80 percent in December.
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