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Labour Leaders Walk Out Of Meeting With FG Over Fuel Price Hike

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Labour leaders, on Sunday, walked out of a meeting with the federal government over the recent hike in the pump price of premium motor spirit (PMS), otherwise known as fuel.

The Petroleum Products Marketing Company (PPMC) had, in a memo dated November 11, 2020, increased the ex-depot price of petrol to N155.15 per litre from N147.67 — the increase took effect on November 13.

Following the increase, the product now sells between N165 and N170 per litre.

The meeting, which took place in Abuja, was a follow-up discussion on the resolutions reached at previous meetings on the increase in the price of fuel and electricity tariff.

The meeting, which began around 8 pm, ended less than 15 minutes later as the labour leaders accused the government of not being sincere with the people.

Among those present at the meeting were Najeem Yasin, deputy president of the Nigeria Labour Congress (NLC), and Quadri Olaleye, president of the Trade Union Congress (TUC).

Olaleye, who spoke on the recent increase in the pump price of fuel, expressed sadness that discussions were ongoing from the previous meeting before the fresh hike.

“Government is showing a high level of insincerity in discussions with us and is also putting us at risk with the people we are leading — with the masses. We find it difficult to move freely, but the people in government are moving freely,” he said.

Also present at the meeting were Chris Ngige, minister of labour and employment; Festus Keyamo, minister of state for labour; Timipre Sylva, minister of state for petroleum, and Boss Mustapha, secretary to the government of the federation.

Meanwhile, the NLC had, in a statement on November 16, expressed concern about the increase and insisted that it is “against the spirit and content of what organised labour agreed with government at the last negotiations over the last fuel price increase”.

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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BIG STORY

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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