FEATURES

FEATURES

The Federal Bureau of Investigation (FBI) has revealed that investment scams accounted for $5.8 billion, representing over 50 percent of all reported crypto losses in 2024.

 

In a 47-page report, the FBI emphasised cryptocurrency’s central role in cybercrime losses, citing nearly 150,000 complaints linked to fraudulent crypto activities.

According to data from the FBI’s Internet Crime Complaint Centre (IC3), total internet crime losses skyrocketed to $16.6 billion, a 33% increase from 2023.

It noted that investment scams emerged as the most damaging among the various schemes, with reported losses totalling $5.8 billion.

The FBI report added that crypto-related scams contributed $9.3 billion, reflecting an astonishing 66% year-over-year surge.

 

Many of these investment fraud cases involved “pig butchering” scams, a manipulative scheme where criminals cultivate fake online relationships to coerce victims into investing in fraudulent crypto platforms.

The report emphasised the significant effect of cryptocurrency scams on older Americans, noting that individuals aged 60 and older have reported losses surpassing $2.8 billion, which makes them the most targeted demographic.

The FBI said it had initiated Operation Level Up in early 2024 to combat the rising trend, identifying more than 4,300 victims of crypto-related scams.

However, 76% of those contacted were unaware they had been victimised, indicating the sophistication of cybercriminal tactics.

It further stressed that scammers are progressively using QR codes, crypto ATMS, and stablecoins, like Tether’s USDT and the decentralised stablecoin DAI, to deceive users.

They sometimes employ AI-generated identities to pose as financial advisors or acquaintances online.

LEADERSHIP recalls that many Nigerians recently lost huge amounts in investment scams involving a fraudulent crypto platform called CBEX when it abruptly shut out its investors mid April.

[Leadership]

Patients, especially those in the rural communities, including the nursing mothers are having serious challenges in accessing healthcare services as a result of the ongoing strike embarked upon by the workers of the six area councils in the Federal Capital Territory.

The workers under the umbrella of the National Union of Local Government Employees (NULGE) as well as the teachers in the six area councils resumed the strike last month over non-implementation of N70,000 national minimum wage by area councils’ chairmen.

Abuja Metro reports that the council chairmen have refused to speak to the press on the lingering crisis between the councils and the workers regarding the implementation as well as the payment of other allowances.

Efforts by both the two ministers of the FCT, Nyesom Wike and Hajiya Maryam Mahmud, to resolve the crisis have yielded no result.

 

Many of the chairmen reportedly boycotted a dialogue meeting earlier called by the FCT Minister of State, Hajiya Maryam Mahmud, to resolve the crisis.

Patients groan

Abuja Metro visited some of the health centres across the six area councils, where it was observed that many of them had been under lock and key.

In many of the centres, some patients, especially nursing mothers, who came to immunise their new born babies were forced to turn home.

At the maternity health centre in Abaji, our reporter observed as the centre remained shut with no single health worker present.

A pregnant woman, Mrs Zainab Mohammed, who came by bike to see medical personnel at the centre, was forced to return home after she saw that the centre was under lock and key.

 The woman said she resides around the Kekeshi area of the town and has been using the centre for her ante-natal, adding that the closure of the centre is going to affect many of them in such condition.

“I first visited a health centre at low-cost housing and discovered that it was shut, before I decided to take bike to the maternity centre so that I can meet with any of the medical personnel to attend to me because I could not sleep last night due to waist pain. And unfortunately, on getting here, again, the centre was also shut,” she said.

A health worker at the centre, who resides close to the centre, Mrs Amina Bala, told our reporter that the centre did not open for service due to the ongoing strike over the non- implementation of the new minimum wage.

At the Kwali Township Clinic, the centre was also under lock and key, while patients who came to see medical personnel were forced to turn home.

Mrs Gladys Gambo, a nursing mother, who came to the clinic with her newborn baby strapped to her back for immunisation, said she had to leave after she was told that the health workers were on strike.

“I came this morning, being Thursday, hoping to see if I can meet with any of the immunisation officers but discovered that the clinic has been shut down,’’ she said.

Also, at Gwagwalada, the township clinic was also not opened with dust and pure water polythene bags littering its frontage.

Some patients, including staff, were seen seated in front of the clinic’s corridor discussing the strike.

A nursing mother, Mrs Maryam Yakubu, who came to the clinic with her newborn baby for immunisation, was also forced to return home after she was told that the clinic was not open.

Mrs Yakubu, who spoke with our reporter, said she came to the clinic for immunisation but there was no officer to attend to her.

“Actually, I was put to bed at a private hospital some weeks ago, from where they asked me to come to this township clinic to immunise the child but unfortunately, on getting to the clinic this morning, it was shut down. I was told that the workers are on strike,” she said.

She added, “Now, I have to go back home and my husband is not at home, which means I have to call him on phone to let him know the situation of things before taking any decision.’’

A community health worker at the centre, Samson Iliya, said the ongoing strike has been affecting patients in the area, adding that many patients suffering from various ailments, including HIV/AIDS, tuberculosis, high blood pressure and diabetes were not being attended to.

He said, “Several patients, including nursing mothers, who came this morning with their babies for immunisation were turned back due to the strike.”

A medical personnel at the clinic, who preferred anonymity, said the workers decided to embark on the strike due to the failure of the council chairmen to implement the new wage.

“The truth is that nobody is happy to see health workers going on strike because health is ahead of everything but we have no option than to embark on the strike as directed by NULGE to press home our demand,” he said.

Workers begin protest today

The Gwagwalada Area Council chapter of the #Take-It-Back Movement# has thrown its weight behind the joint unions of the Nigeria Union of Local Government Employees (NULGE), FCT Chapter, and the Nigeria Union of Teachers (NUT), FCT Wing, ahead of the mass protest scheduled for Thursday, April 24, 2025.

The workers are protesting over non implementation of the N70,000 minimum wage and other entitlements by the six area council chairmen.

Abuja Metro had reported that the workers earlier fixed Wednesday, April 23 for the protest but was shifted to Thursday, April 24.

Speaking to newsmen on Wednesday in Gwagwalada, the leader of the #Take -It -Back -Movement, Comrade Manasseh Ben Paul, declared that the planned protest was not just another protest but a “Thunderous declaration” against what he described as “Broken promises and deliberate neglect” of the area councils’ workers and the primary school teachers in the FCT.

He said it was unfortunate that the council chairmen had turned their workers and primary school teachers to beggars.

“These council chairmen have turned the workers and primary school teachers to beggars. Besides, teachers are the architects of communities and the guardians of our children’s futures,” he said.

According to him, the workers’ demands are clear and non-negotiable.

The Take-It-Back Movement warned that if the chairmen fail to meet the workers’ demands by the end of April, there will be mass mobilisation to shut down the six area councils and the FCTA.

Council chairs mum

The Chairman of Kwali Area Council, Danladi Chiya, who often speaks on behalf of the council chairmen in his capacity as FCT ALGON chairman, had been refusing to talk to our correspondent on the issue.

Several calls put across to his line yesterday were not answered nor did he respond to text messages earlier sent to him.

Other area council chairmen also refused to talk on the issue. One of them referred our reporter to the FCT ALGON chairman, who he said, is the only one that can speak on the issue.

[DailyTrust]

The publisher of Ovation Magazine, Dele Momodu, has accused President Tinubu of using strong arm tactics in pressuring the opposition to defect to the All Progressives Congress, APC.
Making this statement on Channels Television’s Politics Today on Wednesday, Momodu claimed that fear was driving politicians to the APC and not out of genuine loyalty.

According to him, “I’m not surprised; Okowa’s defection isn’t shocking given the recent harassment he faced.”

He added that, “I would be surprised if President Bola Tinubu genuinely believes people are joining the APC out of love or administration, this is survival now; prison as martyr days are over.

“We once admired the likes of Nelson Mandela, MKO Abiola, and Chief Obafemi Awolowo for enduring detention in the name of principle. These days, nobody wants to go to detention.

“Everybody wants to stay at home and talk about the money they’ve made from politics; name one politician who has not been harassed by either the EFCC or the ICPC at some point.”

On Wednesday, Delta State governor, Sheriff Oborevwori, defected from the Peoples Democratic Party, PDP, to the APC.

Ifeanyi Okowa, a former Delta governor and PDP 2023 vice-presidential candidate also joined the APC.

“Be assured that we will not go in the wrong direction. We will take the best direction, the best path for our people,” Okowa said in a video circulating on social media.

Senator Kawu Sumaila, Kano South, also defected from the New Nigeria Peoples Party, NNPP, ahead of the 2027 general election and joined the APC.

According to Momodu, Tinubu’s administration prioritizes using intimidation over persuasion to maintain power.

“For me, it’s clear that this government’s strategy is ‘if we can’t persuade you, we’ll force you.’ And for now, that force appears to be working. But politics can change in 24 hours,” he said.

Momodu also slammed the APC’s internal instability, stating that financial resources are the only thing keeping the party strong.

“The APC is in more trouble than any other political party in Nigeria; the only thing holding it together right now is the access to resources they have to share.

“But beneath that surface, there are serious problems. For nearly two years, APC members have blamed former President Buhari for the country’s issues.

“Now, the same party is running back to Kaduna, trying to appease him. Whether he accepts their efforts or not doesn’t matter much to me,” he stated.

Momodu claimed that governors are being threatened to support APC or face attacks.

“They’re being told behind the scenes, ‘If you support us, we’ll leave you alone. If you don’t, we’ll make life difficult for you.’ That’s the reality of the current political climate.

“And honestly, I don’t blame the governors. What choice do they have?” He said.

Citing the emergency rule in Rivers, the PDP chieftain said the suspension of Siminalayi Fubara as the governor sends a clear message to dissenters.

“Rivers State was peaceful, yet Fubara was suddenly removed in a swift and aggressive move orchestrated by a minister in Abuja, Nyesom Wike.

“Nothing happened afterward — no consequences. That sent a message, and now everyone is taking note.

“If that isn’t coercion, then what is? What exactly was Fubara’s offense that warranted such a response? Now we hear he’s negotiating with them. That’s his choice. I’m not concerned with who he negotiates with,” he added.

Momodu asked Tinubu not to trust desperate politicians, adding that his focus should be on upholding democracy, not securing a second term through coercive means.

He said Tinubu, once a pro-democracy figure, must now allow democracy to thrive in Nigeria or risk facing deep regret later in life.

[DailyPost]

 
 
 
 

The Director-General of the Debt Management Office, Patience Oniha, said Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.

Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund  Spring Meetings in Washington, D.C.

The DMO boss explained that Nigeria has enjoyed favorable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.

Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.

 FRSC Commander Urges Public to Be Proactive Amid Ojodu Collapse Response
 
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.

The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.

Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.

“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.

 

Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.

Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.

“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.

Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the central bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.

The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.

Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.

“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.

[Punch]

The Federal Government Staff Housing Loans Board (FGSHLB) says it has begun the compilation of list of retired civil servants who have defaulted on the full repayment of housing loans obtained.

Mrs Ngozi Obiechina, Head of Information and Public Relations, FGSHLB, disclosed this in a statement on Thursday in Abuja.

Obiechina quoted the Executive Secretary of the Board, Mrs Salamatu Ahmed, as saying that the move was aimed at recovering mortgaged properties from retirees who failed to meet their loan obligations.

Ahmed noted that the decision followed a recent memo issued by Mrs Patience Oyekunle, Permanent Secretary, Career Management Office, Office of the Head of the Civil Service of the Federation (HCSF).

According to her the memo reminded public servants of the mandatory requirement to obtain a Certificate of Non-Indebtedness to the FGSHLB and MDA Staff Multipurpose Cooperative Society as a precondition for retirement.

The executive secretary said that the board would take necessary legal steps to repossess properties where applicable, in line with the terms of the loan agreements.

She said this was in line with the provisions of the Public Service Rules 021002 (p), issued by the Office of the Head of the Civil Service of the Federation.

”I am directed to bring to your attention the provision of Public Service Rule (PSR) 021002 (p), which mandates all public servants to obtain a Certificate of Non-Indebtedness as a prerequisite for retirement.”

“The Federal Government will commence the seizure of mortgaged properties belonging to retiring federal public servants who have failed to fully repay housing loans obtained from the board,” she said.

Ahmed explained that the FGSHLB reserves the legal right to repossess any mortgaged property in cases where a public servant exits service without fully repaying the loan.

She reiterated that the directive also applied to already retired officers who were still indebted.

She urged all affected public servants to regularise their loan status and obtain the required clearance certificate without delay.

“The board is currently compiling a list of such retirees, which will be forwarded to relevant regulatory agencies for debt recovery.

“The FGSHLB remains committed to enforcing compliance and ensuring proper loan recovery procedures are followed, ” she added. 

[Vanguard]

Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, says the political future of former Vice-President Atiku Abubakar “looks bleak”.

Onanuga said the coalition being planned by Abubakar and his allies to challenge the All Progressives Congress (APC) in 2027 has “disintegrated”.

On Wednesday, Sheriff Oborevwori, governor of Delta, and other top political leaders in the state, left the Peoples Democratic Party (PDP) for the APC.

Ifeanyi Okowa, former Delta governor and PDP vice-presidential candidate in the 2023 elections, is also expected to defect to the ruling party.

 

Abubakar had handpicked Okowa as his running mate for the 2023 presidential election.

The PDP is currently battling a wave of high-profile defections amid speculations that more party leaders could join the APC in the coming days.

Responding to an X post by Tunde Rahman, Onanuga said Okowa’s defection and the stance of some members of the defunct Congress for Progressive Change (CPC), have created problems for the proposed coalition.

 

“Atiku’s political future looks bleak. The coalition that he, El Rufai, Babachir, and new member Baba-Ahmed are cobbling together has disintegrated,” Onanuga said.

“Potential allies, including former running mate Ifeanyi Okowa and defunct CPC members, are giving his leprous group a wide berth. Atiku is a loser again.”

Abubakar has repeatedly expressed a desire to build a coalition of opposition political parties to wrest power from the APC ahead of the 2027 election.

Amid the coalition conversation, PDP governors ruled out the possibility of a merger or coalition with any other political party.

[TheCable]

The Nigerian Governors’ Forum has called for increased recruitment into security agencies and the adoption of technology-driven solutions to tackle the worsening security situation in the country.

Naija News reports that the forum, led by Kwara State Governor AbdulRahman AbdulRazaq, made the announcement following their meeting in Abuja on Wednesday.

The communiqué was read by Imo State Governor, Hope Uzodimma.

Uzodimma highlighted that the governors have set up a committee to work alongside security agencies in order to implement a joint strategy aimed at addressing the rising tide of killings, particularly in states like Benue, Plateau, and Katsina.

The committee’s primary focus will be to tackle the increasing violence, which has seen an uptick in attacks by suspected herders and armed gunmen.

The call for swift action follows a series of deadly attacks across the country. On March 9, at least 15 people were killed in renewed attacks by suspected herdsmen in Katsina-Ala Local Government Area of Benue State.

On April 14, another attack in Zike hamlet, Plateau State, resulted in the deaths of at least 52 individuals, including an entire family of eight, with many properties destroyed.

In response to these brutal incidents, the 36 state governors have urged security agencies to confront these challenges directly, stressing the urgency of restoring peace and stability across the affected regions.

Governor Uzodimma informed journalists that the Forum had received a presentation from the Chief of Defence Staff, General Christopher Musa, on an innovative security initiative aimed at strengthening both national and subnational security capabilities.

The initiative focuses on early threat detection and coordinated responses, with the phased deployment of advanced technology to improve surveillance, crisis management, and public safety.

“The project envisions the phased deployment of advanced technology and infrastructure to improve surveillance, crisis management, and public safety.

“Governors expressed support for the initiative’s objectives and underscored the importance of technology-driven solutions in addressing evolving security challenges at the state level,” Uzodimma said.

In addition to security matters, the governors also received a presentation from the Minister of Housing and Urban Development, Ahmed Musa Dangiwa, on unlocking the economic potential of land through federal-state partnerships for land reform.

The proposal aims to formalise land ownership, enhance tenure security, and boost internally generated revenue across states. The governors welcomed the initiative, noting its potential to catalyse investment, improve urban planning, and enhance land-based revenue generation.

The forum also discussed a strategic partnership with Powercom Smart Grid Nigeria Limited (PSGN) to revamp the electricity distribution sector by leveraging private sector investment.

The proposed agreement would involve PSGN assuming control of select distribution companies and introducing smart grid technologies to enhance service delivery and energy access.

Kaduna Governor Uba Sani Advocates For State Police
Kaduna State Governor, Uba Sani, also weighed in on the ongoing security issues, emphasizing the need for state police to effectively address security concerns at the subnational level.

Sani highlighted the limited role governors currently have in tackling the problem due to constitutional constraints but expressed optimism that discussions around the creation of state policing would soon gain traction.

“In my opinion, it’s not an indictment. I do agree that we have a limited role to play concerning the Constitution of Nigeria. Don’t forget that even tomorrow, by the grace of God, it’s one of the areas we are going to look at – the possibility of the creation of state policing in Nigeria, which for me would go a long way in addressing insecurity, particularly at the sub-national level,” Sani said.

Sani also spoke about the importance of taking responsibility as a leader, citing his success in mitigating communal and religious clashes in Kaduna during his time in office.

He acknowledged the need for increased security forces but called for a non-kinetic approach to tackling the problem, especially given the limited number of military and police personnel in the country.

The forum’s discussions highlighted the urgent need for a collaborative approach in tackling Nigeria’s security challenges.

Governor Sani concluded by emphasizing the importance of working together, stating, “We don’t need to blame each other. We have to look at other areas of addressing the issue of insecurity. That is the reason why I believe we all have to work together.”

The International Trade Union Confederation, ITUC, has revealed that at least 664 million workers worldwide do not earn enough to lift themselves and their families out of poverty. 

This figure represents one in every five workers globally.

 

In light of this, the ITUC has called on all governments and employers to engage in genuine social dialogue and to ensure that living wages become a reality by strengthening minimum wage frameworks and expanding collective bargaining systems.

In a statement, the ITUC expressed support for a new initiative by the International Labour Organisation, ILO, aimed at ending the global crisis of poverty wages. 

The ILO recently launched a programme that prioritizes the principle of a living wage in its support to member countries.

According to the ITUC, this development follows years of persistent advocacy by trade unions. Under the new program, the ILO will provide technical support to governments and social partners to estimate and implement living wages in accordance with tripartite principles.

ITUC General Secretary, Luc Triangle, explained that “this initiative builds upon a landmark agreement reached in February 2024, in which ILO constituents adopted a shared understanding of the living wage concept and the principles guiding its estimation and application.

“This is a major step toward ensuring fair wages and dignified livelihoods for workers worldwide. It is a scandal that hundreds of millions of working people are still earning poverty wages. This new program represents a critical shift from decades of advocacy to tangible action. It’s time for every worker to earn enough to live a decent life.”

 

Triangle reiterated the ITUC’s call for governments and employers to commit to genuine social dialogue, emphasizing that living wages are fundamental to inclusive and sustainable economic development.

The ITUC highlighted that, by conservative estimates, 664 million workers globally live on wages too low to meet basic needs. The ILO’s new program is expected to expand technical assistance to countries, helping them develop accurate cost-of-living estimates to support evidence-based wage negotiations. It will also strengthen wage-setting institutions, including collective bargaining systems and tripartite minimum wage frameworks.

The ITUC views this initiative as a vital tool in bridging the gap between minimum and living wages and called for strong union participation in its implementation. It also urged governments to ratify and implement ILO Convention 131 on Minimum Wage Fixing.

“This framework—developed with the involvement of workers’ unions—is essential for ensuring that minimum wages reflect the real cost of living and are regularly updated to keep pace with rising living standards,” the ITUC said.

…Begins campaign for platform workers’ rights

 

Meanwhile, International Trade Union Confederation, ITUC, has taken over the struggle for Platform workers’ rights. 

 ITUC is backing the campaign with Time to Deliver: Rights for All Platform Workers.

According to ITUC: “We demand urgent action to stop exploitation, and to deliver fair wages, decent working conditions and the right to organise. 

“The call for all platform workers to receive the same protections as all other workers will take centre stage at the  International Labour Conference, ILC,  in June, where we are pushing for a new ILO Convention and Recommendation to set global standards for fair treatment.  

Join our fight to ensure that platform workers – from care workers, to couriers, to content moderators – are no longer denied the rights they deserve.  

 

“Also at the ILC:   The  ITUC Global Rights Index  2025  will be launched, revealing the latest trends in workers’ rights violations worldwide. We will take a clear message to the governments and employers at the ILC: workers’ rights must be respected, and unions must be free to organise without fear.  

“We aim to secure a strong and legally-binding standard on biological hazards.  As well as resistance, April is also a month of  remembrance. This International Workers’ Memorial Day will focus on protecting workers’ rights in the age of Artificial Intelligence, AI, because AI is too often being used to control and exploit workers rather than support them.  

May 1, International Workers’ Day, will be time to  Take Back Democracy!  While billionaires profit, workers face low wages and crumbling public services.

Says they’re hobnobbing with enemies of party

Urges Tinubu to tackle insecurity

 

 

Former Deputy National Chairman of the Peoples Democratic Party, PDP, Olabode George, has advised former Vice President, Atiku Abubakar, and FCT Minister, Nyesom Wike, to leave the party immediately because of their anti-party activities.

 
 

He said the party was being embarrassed by the open display of affinity by the two to the All Progressives Congress, APC.

George, in a statement also advised President Bola Tinubu to create a special fund account where managing directors of banks could deposit, at least, N20 billion each annually to alleviate the suffering of the masses.

On PDP crisis, he wondered why Atiku and Wike should be hobnobbing with opposition elements and still claim to be part of the PDP structure.

He said: “What exactly is going on? Anybody who is tired of PDP should leave and join another party. Enough of this embarrassment. As a founding elder of this party, I will not watch while some people openly disrespect the party. It is impossible.”

George, who queried the reason Atiku visited former President Muhammadu Buhari in Kaduna with other politicians, said: ‘General Muhammadu Buhari, retd, remains my boss but he is not a member of our party.

“So, why is Atiku hobnobbing with him politically? Is he not guilty of anti-party offence already?

The other day, President Bola Tinubu told Wike that APC must win the council election in FCT and he agreed.

 

“Wike has been given a direct order to win FCT for APC and he still claims to be a member of PDP. Are people now shameless politically that they cannot be principled? Where is the leadership of our party? Why are they tolerating Atiku and Wike? Why are they allowing the duo to continue to embarrass our party publicly?

“Now, some governors are joining them to endorse Tinubu’s reelection in 2027. I ask again: what exactly is going on in our party? Has discipline gone to the dogs? Has everything broken down completely? Has sanity taken flight in the way we run the party now?

“Nigerians are yearning for change, which only the PDP can offer because ours is the only organised party. Apart from Ganduje, who else do you know in APC NWC? APC is a one-man show being controlled from the Villa.

“This is the time for the national leadership of PDP to take decisive steps to save our great party. As a founding member of our party and an elder statesman, I call on other elders of our party to call Atiku and Wike to order, as the two are not bigger than the PDP.

“They cannot continue hobnobbing with enemies of our party and think I will keep quiet. The truth must be told every time without minding whose ox is gored.

 

“This is the time to save our party from those undermining PDP from within. If Atiku is strategising on how to form a coalition with others because of 2027, he should do that outside the structure of our party. You cannot be within and be working against the interest of this party. We will never allow that.

“Wike’s case is very clear to everybody. He wants to be in the good books of Tinubu while working against our party. He is an adult and knows what is good for him politically, but you cannot claim to be in the PDP and be working against the interest of the party.

“Many people do not know that what Wike did in Rivers, leading to the emergency rule declaration of March 18 is anti-party activity.

“He organises live interviews across television stations as if he is the president and attacks PDP in the process. If there is any iota of shame left in him, this is the time for him to leave our party.

“His strategy is to continue to work within the party for the President’s reelection. This is the time for our party leadership to wield the big stick because nobody is more powerful than the party.

 

“The moment we remove the liabilities in our party, we will be in a formidable position, as an opposition party, to take over power from APC at the federal level in 2027.

“Due to the anti-people policies of APC, Nigerians are going through a lot and they are waiting for PDP to alleviate their suffering in 2027.”

On the rising wave of insecurity in the country, the PDP leader said: “Insurrection, insurgency, kidnappings, killings and corruption have taken over the land. As the Commander-in-Chief, what exactly is Tinubu doing to reverse this ugly trend?

“The way people are being killed in Benue and Plateau, does it make sense? The nation is drifting and this is the time for former Presidents and opinion leaders to speak truth to power. We can’t continue this way.”
To the Atona Oodua of Yorubaland, bankers are part of the professionals who created economic hardship in the country

George also queried the source of the billions of naira declared by banks as profits yearly.

 

“There is what is called round-tripping. There is also insider abuse, hidden and fraudulent charges. All these are targeted at Nigerians. You can’t see a bank MD in the United States, United Kingdom, Canada, Germany, United Arab Emirates etc in private jets every other day.

“Here, our Bank MDs not only charter private jets but own jets. Where are they getting the money from to maintain this type of luxury and lifestyle?

“The government must look into this. Now that Tinubu is trying to lessen the burden of Nigerians, these bank MDs should be made to pay not less than N20 billion each into this special intervention fund account.

“Now that he is back in Nigeria, Tinubu should also be serious about projecting the image of this country.”
“No rat, lizard or cockroach was killed in Rivers yet, you declared emergency rule and suspended an elected governor just because you are the commander-in-chief.

“People don’t use power like that. Nigeria is called the Giant of Africa but economically, constitutionally and politically, are we a Giant in the real sense of the word?

 

“Nigeria spent billions of dollars to restore peace, security, democracy, economic and political independence in South Africa, Liberia, Sierra Leone, Gambia, Zimbabwe and others.

“It is an anti-climax that what we gave to others that led to stability, we don’t have at home. Are we now the Giant of Africa only on paper, and not in reality?”

A few days ago, the leadership of the Nigeria Labour Congress, NLC, received a two-man delegation from the International Monetary Fund, IMF, comprising the IMF Resident Representative for Nigeria, Christian H. Ebeke, and, Axel Schimmelpfennig from Washington, D.C. 

The purpose of the visit was to assess how Nigerian workers and the general populace are being affected by the current socioeconomic environment and the hardship resulting from government policies. 

The IMF delegation , led by Schimmelpfennig also sought insights from the NLC regarding the state of the labour market in Nigeria. According to them, the information gathered would contribute to the IMF’s annual country report for Nigeria.

Vanguard learned that preparations for the meeting had been ongoing since the NLC President’s earlier meeting with officials from the World Bank and the IMF in Washington.

IMF explains reasons for visit

Upon arrival at Labour House, the NLC leadership welcomed the IMF before the team briefed the NLC leadership on their mission, since the meeting was held at the instance of the Fund.

Sources at the meeting disclosed that the IMF team acknowledged that the Nigerian government has been grappling with fiscal challenges since assuming office. They emphasized that the IMF’s recommendations are purely advisory and not mandatory, based on the prevailing realities in each country.

The delegation expressed concern that, often, governments do not follow the IMF’s recommendations to the letter, instead adapting them to align with political objectives. In effect, the IMF attempted to distance itself from the adverse consequences of some recent economic reforms in Nigeria.

Nevertheless, the IMF team requested continued engagement with the NLC going forward.

 

Ajaero’s response

In response, the NLC President made it clear that governance should prioritize citizens’ welfare over profit-making.

He criticized the austerity measures often recommended by the IMF, noting that they have worsened living conditions for Nigerians.

It was gathered that Ajaero particularly highlighted the removal of fuel subsidies, which he said has led to increased suffering, hunger, and poverty among workers and the general population.

The NLC President argued that t”here was no real subsidy to remove in the first place, as the government was already profiting from crude oil sales.

 

He described the “subsidy removal” as merely a justification for increasing fuel prices. He equally questioned the use of the revenue purportedly saved from the subsidy removal, especially since the government continues to borrow heavily.

“He pointed out that the cost of essential services—such as education and transportation—has tripled, leading to widespread hardship. He condemned the growing disparity between the worsening living conditions of citizens and the increasing wealth of government officials.”

Ajaero emphasized that “genuine reforms should improve the welfare of the people, not enrich those in power. He also criticized the government for not consulting key stakeholders before implementing the subsidy removal policy.

This exclusion, he said, has exacerbated the country’s economic challenges. “He noted that inclusive dialogue could have produced better strategies and outcomes, lamenting that the government has isolated itself from valuable advice.”

On the national minimum wage, “the NLC President complained that the N70,000 wage is not being implemented sincerely across all levels of government. Instead, the government has continued to impose additional taxes, worsening the financial burden on citizens.”

 

Ajaero urged “the IMF to advise the government to ease this pressure and allow citizens to breathe. He warned that rising poverty levels could lead to social unrest if left unaddressed.”

He concluded that “the current reforms have only widened the gap between the ruling class and the people, worsening the lives of ordinary Nigerians while enriching those in power.”