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Ekiti Debt Less Than N60bn; Not N170bn, Fayemi Preparing Grounds For Impending Failure – Fayose

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The immediate past Governor of Ekiti State, Mr. Ayodele Fayose has insisted that his administration did not commit the State to any financial institution in form of bonds and commercial loans, describing claim by Governor Kayode Fayemi that the State was indebted to the tune of N170 billion as false and “a way of preparing grounds for his impending failure just as he did when he assumed office in 2010.”

Fayose’s Media Aide, Lere Olayinka, said in a statement issued on Wednesday that Ekiti State indebtedness was under N60 billion and that the debt was either directly incurred during Fayemi’s first tenure or as a result of the loans restructuring done at the instance of the federal government and the Federal Economic Council.

He gave the breakdown as follows; Commercial Bank Loan, N2,087,788,065.28; CBN Grant for Water Project, N163,450,000; Excess Crude Account Backed Loan, N9,545,173,472.78; Bailout, N9,083,761,215.40; FGN Bonds, N18,226,699,707.18; State Bonds, N3,484,469,345.51 and Budget Support, N16,869,000,000.

While challenging Fayemi to name the banks being owed the N170 billion and monthly repayment by the State Government to such banks, Olayinka said; “He should not wait till 100 to cook up false stories of how much debt was left by the Fayose administration. He should rather tell Nigerians how it is possible for a State that is indebted to the tune of N170 billion to be making N1.1 billion repayment monthly.

“Instead of lying so blatantly to cover up his impending failure, Fayemi should publish the Debt Management Office (DMO), Ekiti State Executive Council and House of Assembly approvals for the loans since no loan can be taken without these approvals.”

Describing Fayemi as a “multiple-mouthed” person, Olayinka said; “In September this year, Fayemi claimed that Ekiti debt was N117 billion, one month after, he said the debt is N170 billion. So the debt increased from N117 billion to N170 billion in less than 30 days?

“The reality is that Fayemi is reputed for speaking from both sides of his mouth. In the past, when Fayose assisted him to be governor, he described him (Fayose) as an honourable person whose word is always his bond and today, he goes about denigrating the same Fayose.”

Fayose’s spokesperson, who admonished Fayemi to face the task of governance and stop his usual grandstanding, said; “The federal government deliberately refused to release legitimate funds belonging to Ekiti State to the Fayose administration and for this reason, the arrears of salary could not be cleared as promised.

“We are aware that in a matter of days, the withheld fund of over N30 billion is to be released to the State by the federal government as a refund on federal roads construction, arrears of Budget Support and Paris Club refund.

“Our plea is that Governor Fayemi should stop making excuses and use the over N30 billion to pay workers salary.

BIG STORY

Labour Gives FG May 31 Ultimatum To Reverse Electricity Tariff Hike

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The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have given the federal government until May 31 to reverse the electricity tariff.

The labour bodies gave the ultimatum in a communiqué issued in Abuja on Monday at the end of a joint emergency national executive council (NEC) meeting of the NLC and TUC.

On April 3, the National Electricity Regulatory Commission (NERC) approved an increase in the electricity tariff for customers in the Band A classification, from N66 to N225 per kwh. The tariff hike attracted public outcry and calls for its reversal.

On May 13, members of organised labour picketed the headquarters of the NERC, the federal ministry of power, and the Abuja Electricity Distribution Company (AEDC) in Abuja, demanding a reversal of the tariff. The protest was replicated across Nigeria.

In the communiqué, the unions said the action taken by the government without consideration for the hardship of the masses was “unjust and burdensome”.

“The NEC once again vehemently condemns the unilateral increase in electricity tariffs by the authorities,” the communiqué reads.

“This action, taken without due consideration for the economic hardships faced by the masses and the provisions of the law, is deemed unjust and burdensome.

“The NEC reaffirms its demands for an immediate reversal of the tariff hike and the vexatious apartheid categorization into bands to alleviate the suffering of Nigerian workers and citizens and gives the National Electricity Regulatory Commission and the federal government until the last day of May 2024 to meet these demands.”

The organised labour said appropriate actions would be taken if the government failed to meet its demands.

“This includes, but is not limited to, the mobilisation of workers for peaceful protests and industrial actions to press home these demands for social justice and workers’ rights,” the unions said.

The labour unions also reiterated the May 31 ultimatum for the federal government to finalise the new national minimum wage fixing process for workers.

“We need an agreement that will genuinely reflect the true value of Nigerian workers’ contributions to the nation’s development and the current crisis of survival facing Nigerians as a result of government’s policies,” the labour movement added.

“The NEC affirms its commitment to ensuring that the interests and welfare of workers are adequately protected in the negotiation process.

“The NEC-in-session therefore reiterates the ultimatum issued by the NLC and TUC to the federal government, which expires on the last day of this month.”

The organised labour directed all councils whose state governments are yet to fully implement the N30,000 national minimum wage and its consequential adjustments to “immediately issue a joint two-week ultimatum to the culpable state governments to avert industrial action”.

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BREAKING: Lagos Speaker Obasa Loses Father At 83

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Rt. Hon. Mudashiru Obasa, the Speaker of the Lagos State House of Assembly, has lost his father.

Pa Suleimon Atanda Obasa, a businessman, passed on at the early hours of Tuesday at the age of 83.

Baba Obasa, a loving family man and community leader in his lifetime, was a successful businessman in the oil and gas and in the transportation sectors owning filling stations.

He was also reputed for his success in farming, through which many citizens have always been empowered.

A devoted Muslim, Pa Obasa dedicated his life to the service of Allah and mankind taking care of the needy and the less privileged.

He is survived by his wives, children and grandchildren among whom is the Speaker of the Lagos State House of Assembly.

His remains would be interred at 4pm in the Agege (Old Abeokuta Motor Road) area of Lagos State, according to Islamic rites.

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Nigerian High Commission Accumulates £8.4m Unpaid Congestion Charges In London

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The Nigerian high commission in London, United Kingdom (UK), has accumulated £8.4 million as unpaid congestion charges.

According to a datasheet released by Transport for London (TfL), the sum is related to unpaid fines and fees that diplomats racked up between the beginning of the congestion charge in 2003 and the end of the previous year.

The TfL is in charge of managing the city’s transport network, which includes the tube, buses, trams, cars, bikes and river services.

A daily fee of £15 is imposed for driving within a designated area of central London between the hours of 7 a.m. and 6 p.m. on weekdays and noon and 6 p.m. on weekends and bank holidays.

There are discounts and exemptions for various groups of people and vehicles, such as residents, taxis, and fully electric cars.

TfL insisted that the payment is a service charge, despite diplomats’ claims that the congestion charge is a tax and they are therefore exempt from paying it under the Vienna Convention.

“This means that diplomats are not exempt from paying it,” the body said in the datasheet.

“The majority of embassies in London do pay the charge, but there remains a stubborn minority who refuse to do so, despite our representations through diplomatic channels.”

According to TfL, the envoys representing different countries owed over £143.53 million in congestion charge payments.

The embassies of the US and Japan are the worst offenders, with debts of £14.6 million and £10.1 million, respectively.

India is in third place with £8.5 million, while Nigeria stands in fourth.

Other countries on the list include Russia, China, Poland, Ghana, Kenya, and France.

The five-page document listed Togo as the country with the least charges at £40.

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