NEWS
Current Cash Flow Below Expected Level – NLC
The Nigeria Labour Congress is maintaining its ultimatum for the Central Bank of Nigeria (CBN) to provide enough cash within two weeks or face the picketing of its offices, according to a warning issued by the group.
The Vice-President of the Nigeria Labour Congress (NLC), Adewale Adeyanju, confirmed that the NLC is monitoring the CBN’s cash supply to commercial banks, and noted that the current flow of cash is not at the expected level.
However, Adeyanju acknowledged that the situation has improved compared to previous weeks.
Recall that the NLC had previously announced plans to picket CBN state offices nationwide over the shortage of naira notes, which has exacerbated the country’s difficulties.
After engaging in numerous meetings with the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), the Central Bank of Nigeria (CBN) provided assurances that the cash crisis would be resolved.
As a result, organised labour suspended the planned strike and stay-at-home action scheduled to commence on March 29.
The Presidents of the NLC, Joe Ajaero, and the TUC, Festus Osifo, announced to journalists that the two unions would monitor the availability of cash in commercial banks for two weeks before determining the next line of action.
However, The punch disclosed that in a recent interview with Adewale Adeyanju, he stated that the NLC would meet to evaluate the ultimatum issued to the CBN and decide on the way forward.
He said, “We have given them two weeks. You know we said the two weeks is for the CBN to go and ensure that they dispense naira to all Nigerians, and it is yet to elapse. So when we meet, we are going to review it, the NLC always review its actions.
“If we are satisfied with the CBN cash flow, we will know what action to take. Although I think it is better than before, nobody is complaining now and that is why additional two weeks were given to CBN to review all their past activities so that money can be dispensed to Nigerians.
“So the threat for the strike is suspended for now until when the two weeks given to CBN elapses. If they cannot meet up and Nigerians are still agitating that the naira is not properly dispensed, congress will review its activities and get back to Nigerians.
“The NLC has its own way of conducting its activities. We gave them two weeks and suspended the planned strike to make sure the naira is being circulated to all Nigerians.
“When the deadline elapses and we find out that they did not meet up to the required standard, we are going to review our ultimatum. The two weeks ultimatum is still in place,” he stated.
Former Vice-President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, is set to address a world press conference at his residence in Abuja on Friday.
The specific reason for the media briefing has not been disclosed as of the time of filing this report.
SEE ALSO: Mambilla: ICC Orders Sunrise Power to Pay Nigeria $11.8m After 9-Year Battle
Atiku’s planned engagement comes amid several developments attracting public attention, including a recent report from TheCable concerning a $500,000 payment allegedly transferred in 2003 to his former wife, Jennifer Douglas, by Leno Adesanya, promoter of Sunrise Power and Transmission Company Limited.
TheCable reported that Adesanya told an international arbitration tribunal that the payment was part of a foreign-exchange transaction carried out for Atiku.
The report further stated that the payment was made through China Castle Investments Limited, an offshore company controlled by Adesanya.
The development comes shortly after an International Chamber of Commerce (ICC) tribunal ruled in favour of Nigeria in the $2.35 billion arbitration dispute brought by Sunrise Power over the Mambilla hydropower project.
The tribunal also ordered Sunrise Power and its promoter to reimburse Nigeria for a portion of its legal fees and expenses.
However, there is currently no official indication that Atiku’s scheduled press conference is connected to the Sunrise Power report, the arbitration ruling or any other specific issue.
The Federal Government has assured Nigerians that no one found culpable in the deaths of 37 suspected illegal miners who died in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Niger State will be shielded.
Minister of Information and National Orientation, Mohammed Idris, gave the assurance in a statement released on Friday while expressing the Federal Government’s condolences to the Niger State Government, the families of the deceased and the people of the Wushishi community.
The deaths occurred following the arrest of the suspected illegal miners during enforcement operations against illegal mining activities in the Wushishi/Lukoto axis of Niger State.
ALSO READ: 37 Miners’ Deaths: Interior Minister Arrives Minna, Set to Inspect Detention Centre
Idris said the circumstances surrounding the deaths require a thorough, transparent and impartial investigation, stressing that the government’s responsibility is to establish the facts and ensure justice is served.
The Minister of Interior, Olubunmi Tunji-Ojo, had ordered the suspension of the Niger State Commandant of the NSCDC, Suberu Siyaka Aniviye, and directed a full investigation into the incident.
“The swift action taken by the Honourable Minister of Interior underscores the seriousness with which the Federal Government views this matter,” Idris said.
He added that the investigation would be allowed to establish exactly what happened and that appropriate action would be taken based on its findings.
“There will be no attempt to shield anyone found culpable. At the same time, we mustn’t prejudge the outcome of the investigation. The Government’s responsibility is to ensure that the facts are established and that justice is served,” the minister said.
Idris stressed that while the Federal Government remains committed to combating illegal mining and other unlawful activities, enforcement operations must be conducted within the law and with respect for human life and dignity.
He appealed for calm in Wushishi and across Niger State, urging residents and other concerned parties to allow the investigation to proceed without interference.
The minister also assured the families of the deceased and the people of Niger State that the Federal Government shares in their grief and remains committed to fully establishing the circumstances surrounding the tragedy.
Minister of Interior, Olubunmi Tunji-Ojo, on Friday arrived at the Niger State Government House in Minna following the deaths of 37 suspected illegal miners in the custody of the Nigeria Security and Civil Defence Corps (NSCDC).
The minister’s visit comes as pressure mounts on authorities to explain the circumstances surrounding the deaths of the detainees.
SEE ALSO: How Can 37 Suspected Illegal Miners Die in Gov’t Custody? Nigerians Demand Answers
Tunji-Ojo is expected to meet with officials of the Niger State Government as part of his visit to the state.
He is also expected to proceed to the detention centre where the suspected illegal miners were held before their deaths.
The incident has sparked public concern and protests in Minna, with residents demanding answers over the deaths of the detainees while in government custody.
The Federal Government has ordered an investigation into the incident, while the Niger State NSCDC commandant has been suspended pending the outcome of the probe.
Details shortly…….
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