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Implement N30,000 New Minimum Wage Before May Day, Labour Tells FG

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The Nigeria Labour Congress (NLC) wants the Federal Government to commence the implementation of the new National Minimum Wage for workers in the country before the May Day Celebration.

Mr Najeem Yasin, Acting President of NLC, said this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja.

He commended the Senate for approving the minimum wage bill of N30,000 on Tuesday and called on President Muhammadu Buhari to quickly sign the bill into law.

NAN recalls that the House of Representatives had earlier approved N30,000 as new national minimum wage before embarking on break for the 2019 general election.

The Nigeria Governors Forum had proposed N24,000 while the Federal Government forwarded N27,000 to the National Assembly.

“We commend the Senate for passing the minimum wage bill of N30,000 but the battle for the minimum wage was not yet over; workers will not rest until the bill is signed and implemented.

“But it is not yet over because we want them to make sure that the process gets to the logical conclusion and for the quick implementation of that N30,000. Nigerian workers are happy and commend them.

“We want the federal government to ensure its implementation before the May Day celebration, which is the Workers Day celebration. Government should greet workers with the commencement of the implementation,” the labour leader said.

Yasin, who is also the National President of National Union of Road Transport Workers (NURTW), called on the federal government to ensure effective sanctions for employers who refused to implement the N30,000 National Minimum Wage.

“We have been fighting for this N30,000 for a long time and the governors have been opposed to it. But now, it has been passed. Nigerian workers are now looking forward to the signing the bill into law,” Yasin said.

Mr Amechi Asugwuni, NLC Deputy President, also called on President Mohammadu Buhari to follow the path of honour and immediately sign into law the new pay rise document once he received it.

He, however, disagreed on call by the Senate for a review of the Revenue Sharing formulae which gave federal government 56 percent, states 24 and local government 20 percent.

He argued that the minimum wage bill was an independent bill which should not be subjected to adjustments in sharing formulae by the Revenue Mobilization and Fiscal Commission.

According to him, such calls could further slow down the already overdue implementation of the new minimum wage.

Also, Mr Joe Ajaero, President, United Labour Congress (ULC), commended the Senate for the passage of the N30,000 minimum wage.

Ajaero called on the federal government to ensure that the process of the national minimum wage implementation should not be beyond March and April.

“Government should ensure that this year May Day should be a day to celebrate the implementation of the national minimum wage. I want to say that by May 1, all employers of Labour should have implemented it,” he added. (NAN)

BIG STORY

NOVA Bank Achieves Global Cybersecurity Milestone With ISO 27032 Certification

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NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction.

The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust protection for data, systems, and online transactions amid an ever-evolving cyber threat landscape. In addition to this achievement, NOVA Bank is already certified in ISO 27001 for Information Security Management and BCMS 22301 for Business Continuity Management, further underscoring its dedication to operational excellence and security.

Speaking on the achievement, Acting Managing Director and CEO of NOVA Bank, Mrs. Chinwe Iloghalu, described the certification as a pivotal moment for the Bank and its customers.

“This certification underscores NOVA Bank’s unwavering dedication to maintaining the highest global standards in cybersecurity. As we continue to innovate with customer-centric retail products, cybersecurity remains at the heart of our operations. Our customers can rest assured that their data and transactions are protected by some of the most advanced security frameworks in the industry. Trust is built on security, and NOVA is committed to providing a secure, reliable, and innovative banking experience,” Mrs Iloghalu stated. The Bank’s Executive Director for Operations and Information Technology, Dr. David Isavwe, who also serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), emphasized the broader implications of the certification.

“The ISO 27032 certification highlights NOVA Bank’s proactive approach to addressing cybersecurity challenges. It demonstrates our readiness to protect against evolving threats and our ability to adapt to the dynamic landscape of digital banking. This certification reinforces our commitment to delivering secure and uninterrupted services to our valued customers,” Dr. Isavwe remarked.

This milestone aligns with NOVA Bank’s overarching strategy of integrating cutting-edge technology with its trademarked Phygital model—seamlessly blending physical and digital banking experiences, while maintaining an unwavering focus on customer trust and satisfaction.

As the bank prepares to launch a series of innovative retail banking products, this certification highlights its dedication to prioritizing cybersecurity, ensuring a secure and seamless banking experience for all its customers.

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JUST IN: Customs Hands Over 21 Stolen Vehicles To Canadian Government

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The Nigerian Customs Service (NCS) has transferred 21 stolen “Sport Utility Vehicles” (SUVs) and other assorted vehicles to the Canadian Government, following their recovery from various locations across the country.

 

More to come…

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Former Kogi Governor Yahaya Bello Now In Our Custody — EFCC

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The Economic and Financial Crimes Commission (EFCC) has revealed that former Kogi State governor, Yahaya Bello, has been detained in the agency’s custody for allegedly misappropriating over N110 billion in public funds.

The EFCC stated that the former governor appeared at its headquarters after months of ignoring invitations and avoiding court summons related to fraud connected to his administration.

EFCC spokesperson, Dele Oyewale, on Tuesday said that Bello had been detained and would be questioned about the allegations against him.

According to reports, Bello responded to the EFCC’s invitation on Tuesday, arriving at the EFCC office with his lawyers, but without his successor, Governor Usman Ododo, who had reportedly been shielding him from arrest.

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