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‘Catastrophic Cash Crunch’: Falana-Led Coalition To Join NLC Protest At CBN Offices

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The Alliance for Surviving COVID-19 and Beyond (ASCAB), a coalition of 70 labour and civil society organisations (CSOs), says it will join the Nigerian Labour Congress (NLC) in picketing Central Bank of Nigeria (CBN) offices across the country.

On March 22, TheCable reported that the NLC directed public sector workers in the country to embark on strike to protest the scarcity of naira notes and petrol.

The strike is scheduled to hold on March 29.

In a letter to Joe Ajaero, president of the NLC, on Friday, Falana, who is the ASCAB chairperson, said the organisation stands in solidarity with the NLC on the planned action against the cash crunch in the country.

The human rights lawyer said the strike action was long overdue as millions of Nigerians were suffering as a result of the cash scarcity.

“I am pleased to be able to send solidarity greetings from ASCAB to the Nigerian Labour Congress (NLC). These are for the decision to call for action by your members over the lingering cash crisis,” the letter reads.

“We hope that this action will be implemented, as planned, and as soon as possible, as we cannot overemphasise the trauma that the cash restriction policy of the Central Bank of Nigeria (CBN) is causing, especially to poor families.

“We understand that many of the members of your member bodies have faced severe daily difficulties in finding the cash to travel to work over the last two months. So calling for members of the public sector trade unions of NLC to stay at home is nothing less than necessary and practical advice.

“For people working in the informal economy the cash restrictions have been nothing less than catastrophic. The whole POS business sector, for example, which employed approaching two million people, has now been put out of business. Markets and other areas of the informal sector have also been extremely affected by the lack of cash. Millions of poor people are now suffering a further significant cut in their merger incomes.

“This means that millions of people now go hungry on a daily basis, whilst 60 percent of the population were merely multidimensionally poor before the cash crisis started. Like the lockdown and the closure of the borders in 2020, this is another devastation forced on the mass of poor people by the Government.

“Millions of members of the NLC member trade unions are now suffering a further reduction in their living standards that they can ill afford. Over the last four years, since the minimum wage should have been last increased, prices generally have at least doubled – or putting it another way, workers can now only buy half of what they could in early 2019.

“This shows how important it is that the minimum wage is increased again, as soon as possible. In fact the International Labour Organisation (ILO) says that such minimum wages should be increased every year and this does in fact happen in most countries.

“In this situation, it is catastrophic for most working families that they have to struggle to find cash every day to travel to work, to buy food and to try and cope with the situation when any of their family falls ill. It is vitally important that the NLC has now called action over this issue and we hope that the promised action is carried through as soon as possible.

“The immediate prospects for working people do not look good. The president-elect has promised that he will end the fuel subsidy in June. The National Bureau of Statistics recently said that the price of petrol has increased by over 50 percent in the last year. The price of diesel, now at well over N800 per litre, gives some indication of the likely impact of the end of the fuel subsidy. We hope that the NLC will take appropriate action to address this threat.

“ASCAB provides its full solidarity for the action promised by the NLC which if anything is overdue. We look forward to being able to assist with the pickets of the CBN offices in every state and providing any support that we can for the planned stay-at-home action from next Wednesday, 29th March.”

BIG STORY

Court Jails Gospel Singer Moses Otitoju, Eight Others For Cybercrime

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The Federal High Court in Ilorin, Kwara State, has sentenced Moses Otitoju, a self-proclaimed gospel singer, and eight others to prison for crimes linked to cybercrime, conspiracy, and misuse of funds.

Otitoju was sentenced along with Ayodele Joseph, Adeoye Joseph, and Abubakar Abdulmalik, all charged with similar offences by the anti-corruption agency.

The charges were filed by the Ilorin Zonal Office of the Economic and Financial Crimes Commission.

According to a statement issued Friday by Dele Oyewale, Head of Media and Publicity at the EFCC, the 31-year-old gospel singer from Iyamoye in Ijumu Local Government Area of Kogi State was sentenced to six months in prison by Justice Abimbola Awogboro without the option to pay a fine.

Otitoju was convicted for keeping over N8.4 million in his bank account, which was traced to illegal activities.

One of the charges read, “That you, Otitoju Moses Sesan, sometime between October 2024 and December 2025, within the jurisdiction of this honourable court, did retain control of the gross sum of N8,404,339 in your account, being proceeds of criminal conduct, thereby committing an offence contrary to and punishable under Section 17(a) and (b) of the EFCC Act, 2004.”

Ayodele, who had N243,750 in his account, received an eight-month jail sentence without an option of fine.

His Tecno 19 phone was confiscated by order of the court and handed over to the Federal Government.

Adeoye, a native of Okene LGA in Kogi State, was also sentenced to eight months without the option of a fine.

He forfeited $220, an iPhone 13, and a Tecno Pop 9 phone to the Federal Government.

Abubakar was handed a six-month prison term. His iPhone 16 and Samsung S10 were also ordered forfeited to the Federal Government.

EFCC prosecutors Aliyu Adebayo, Sesan Ola, Rashidat Alao, and Mustapha Kaigama led the cases, presenting statements, exhibits, and recovered funds as evidence, all of which were admitted in court.

In another case, Justices Haleema Saleeman and Sulaiman Akanbi of the Kwara State High Court found Emeka Achi, Isaac Oluwafemi, Afolabi Olatoye, Zubeiru Zubeiru Junior, and Abdulkadir Taofeek guilty of cybercrime and diversion of funds.

Justice Akanbi sentenced Abdulkadir to three years in prison with an option to pay a N500,000 fine, and ordered that N800,000, an iPhone 14 Pro Max, and a Samsung phone be permanently forfeited to the Federal Government.

Justice Saleeman sentenced Emeka, Isaac, and Afolabi to six months in jail each, with the option to pay N100,000 as a fine.

In addition, Emeka was ordered to repay N3.35 million within three months and report to the EFCC every two weeks alongside his parents until full payment is made.

Tunde Oyekola

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BIG STORY

Kogi University Lecturer Dies During Sex Romp In Hotel Room With 200-Level Student

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A senior lecturer at Kogi State University, Anyigba, named Dr. Olabode Abimbola Ibikunle, reportedly died in a hotel room following a sexual encounter with a 22-year-old student in her second year.

It was reported that the event happened on Tuesday, July 15, and the police at Anyigba were alerted shortly after. The student involved was taken into custody for questioning.

The lecturer, known across the university for his strict approach, was allegedly infamous for taking advantage of female students in return for academic favours.

Sources claim Dr. Ibikunle, who was married with children, had booked a room in a hotel alongside the student, who is studying Social Studies Education.

According to those familiar with the situation, the lecturer consumed several energy drinks prior to the incident, presumably in anticipation of vigorous activity.

Unfortunately, the lecturer collapsed and passed away during the act.

The Kogi State Police Command verified the incident to SaharaReporters on Friday, labeling it as unfortunate.

In a statement to SaharaReporters, the Command’s spokesperson, SP William Ovye Aya, stated that the student had been moved to the State Criminal Investigation Department (SCID) for deeper inquiry and potential charges.

Aya explained: “The report was received on July 16, but the unfortunate incident happened on July 15, 2025. It was the manager of the hotel (name not disclosed), who came to the police station at Anyigba and reported about his guest, the lecturer who had lodged in their facility with a 22-year-old 200-level student, 22 years old, named Gloria Samuel.

“According to the manager, the girl on that fateful day rushed to the reception and complained that the lecturer took her to the hotel, and after they had sex, the man slumped.

“So the manager rushed and informed the DPO, and the DPO rushed to the scene, and they moved the man to the hospital. On arrival, a doctor on duty confirmed the lecturer’s death.

“So the girl in question has been transferred from Anyigba Police Division to the State CID for further investigation and prosecution. An autopsy has been conducted, but right now I don’t know whether the result of the autopsy is out because I haven’t spoken with the SCID.”

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BIG STORY

FULL LIST: Tinubu Appoints IBB’s Son, Muhammad Babangida Chairman Bank Of Agriculture, Others As Heads Of Govt Agencies

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President Bola Ahmed Tinubu has appointed Muhammad Babangida, the son of the former military President, as chairman of the revamped Bank of Agriculture.

President Tinubu approved the appointment today, along with seven others. Some of them will serve as chairmen or directors-general of Federal agencies.

Muhammad Babangida, 53, is an alumnus of the European University in Montreux, Switzerland, where he earned a Bachelor’s degree in Business Administration and a Master’s degree in Public Relations and Business Communication. He later attended Harvard Business School’s Executive Program on Corporate Governance in 2002.

Others appointed by the President are:

Lydia Kalat Musa (Kaduna State) Chairman, Oil and Gas Free Zone Authority (OGFZA).

Jamilu Wada Aliyu (Kano State) Chairman, National Educational Research and Development Council (NERDC).

The Hon. Yahuza Ado Inuwa (Kano State) is the Standard Organisation of Nigeria (SON) chairman.

Sanusi Musa (SAN, Kano State) is the Chairman of the Institute of Peace and Conflict Resolution(IPCR).

Prof. Al-Mustapha Alhaji Aliyu (Sokoto State) is the Director-General of the Directorate of Technical Cooperation in Africa (DTCA).

Sanusi Garba Rikiji (Zamfara State) is the Director-General of the Nigerian Office for Trade Negotiations (NOTN).

Mrs Tomi Somefun (Oyo State) is the Managing Director of the National Hydro-Electric Power Areas Development Commission (HYPPADEC).

Dr Abdulmumini Mohammed Aminu-Zaria (Kaduna State) has been appointed Executive Director of the Nigerian Integrated Water Resources Management Commission (NIWRMC).

 

Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

July 18, 2025

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