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TUC Threatens To Sue FG Over Fuel, Naira Scarcity

Published

1 year ago

February 10, 2023

The Trade Union Congress on Thursday threatened to take “constitutional and legal ways” against the Federal Government over the lingering scarcity of new naira notes and fuel.

Speaking during a press conference in Abuja, the National President of the trade union body, Festus Osifo, noted that many Nigerians were “on the brink of financial collapse” due to the policy initiative of the Central Bank of Nigeria.

He said, “The problem, as you know, is that Nigerians have been betrayed by the banking system which has been unable to pay them their money on demand. They have also been failed by the Federal Government which unilaterally decided to change the three highest denominations of the currency, fixed dates for the change, and is utterly incapable either to deliver on its promises or protect the populace from financial strangulation.”

Speaking on the issue of fuel scarcity and planned hike in pump price, Osifo called for the construction of local refineries.

“The lengthy explanations on why there are long queues at fuel stations and prices of PMS being far above the official price can no longer be tolerated. All we demand is that petrol returns to fuel stations and is available at the official price across the country. As we have often stated, the answer to the fuel shortage question, is the local refining of our petroleum product needs. Local refining would add value to our crude oil, provide local jobs and not only save us foreign exchange but would enable us earn far more income.”

On the steps to take should the government refuse to settle the pressing issues, Osifo said, “The TUC has no choice but to defend the populace and prevent any tragic scenario or situation.”

Related Topics:#CBN #FG Naira Redesign Naira Scarcity TUC

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VIDEO: Villagers Give Nigerian Soldiers Heroic Welcome After Successful Operation

Published

4 hours ago

April 19, 2024

Editor

A heartwarming video of some villagers giving a heroic welcome to soldiers returning from a successful operation in the North East has been shared online.

The Nigerian Army shared the video online as the soldiers returning from their military operation were met with cheers and celebrations from local residents recently.

The Army wrote: “Heartwarming welcome accorded to Nigerian Army heroic troops in the Northeast region after a successful operation in Sambisa and Timbuktu Triangle during Operation Desert Sanity III. This video clip captures the genuine and heartfelt welcome extended by the local communities to the valiant troops in appreciation of their successful operation.”

Watch the video below…

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JUST IN: Court Clears Ex-AGF Adoke Of Money Laundering Charges

Published

5 hours ago

April 19, 2024

Editor

A Federal High Court in Abuja on Friday discharged and acquitted former Attorney-General of the Federation and Minister of Justice, Mohammed Adoke (SAN) of the money laundering charges brought against him by the Economic and Financial Crimes Commission.

The presiding judge, Justice Inyang Ekwo, while delivering a ruling on a no-case submission filed by the former AGF, held that the EFCC failed to establish a prima facie (sufficient evidence) case against him.

“I find that there is no evidence to prove the alleged offences against the first defendant (Adoke),” the judge said.

However, Justice Ekwo ruled that Aliyu Abubakar, the second defendant, has to open his defence because he has a case to answer.

EFCC had preferred a 14 counts charge against Adoke and an oil mogul, Aliyu Abubakar.

In the charge, the anti-graft agency alleged that Adoke sometime in August 2013 in Abuja accepted a cash payment of the dollar equivalent of N300 million from Abubakar and thereby committed an offence punishable under section 16(2)(b) of the money laundering Prohibition Act 2011 as amended.

Details later…

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Police Seal Off Benue APC Factional Secretariat

Published

6 hours ago

April 19, 2024

Editor

Armed policemen have sealed off the secretariat of the All Progressive Congress,APC, in Makurdi, the capital city of Benue State.

The party secretariat belongs to the Austin Agada-led APC Working Committee located along JS Tarka Way opposite the Railway Market in Makurdi.

There are two party secretariats in the capital city.

The other one belongs to Benjamin Omakolo’s team which is located along Kashim Ibrahim Way.

The Publicity Secretary of the Agada faction, Daniel Ihomun, said that the sealing off of their secretariat may not be unconnected with the inauguration of members of the zoning committee for the forthcoming local government election.

“We are to inaugurate members of the zoning committee for the coming local government election today at our secretariat only for the government to send policemen and their thugs to seal off the secretariat,” Ihomun said.

It was learnt that policemen and Armour Personnel Vehicle were deployed to the Agada-led office as early as 6am on Friday.

Efforts to get the reaction of the state Police Public Relations Officer, Catherine Anene, to ascertain the reason for the sealing off of the party secretariat were not successful as her phone rang out at the time of filing this report.

The Agada-led faction had constituted a 21-men zoning committee drawn from the three senatorial districts of the state and was expected to be inaugurated on Friday.

But in a swift response, the Omakolo-led team had in a statement issued by its Publicity Secretary, Terseer Agber, called on all party members and the general public to disregard the zoning committee constituted by the Agada-led committee.