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Pensioners split over N200m unremitted check-off dues

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2 years ago

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A disagreement has broken out among members of the Federal Civil Service Pensioners Branch (FCSPB) over claims of unremitted N200 million check-off dues by the Nigerian Union of Pensioners (NUP).

While FCSPB’s Chairman Sunday Omezi accused the NUP of refusing to remit an entitled check-off dues totaling N200 million to his branch’s coffers, some members of the same branch have refuted the claims, saying it is a false accusation.

Omezi had gone to court to demand the direct release of allocations from the Pension Transitional Arrangement Directorate (PTAD), like other affiliated organisations.

The union leader told reporters in Abuja that the decision was taken because the branch had allegedly been short-changed by the NUP, the umbrella body of pensioners in the country, with over N200 million.
He demanded that his branch should have direct access to the money, like other unions affiliated to the NUP.
But a group, Concerned Federal Civil Service Pensioners Stakeholders, under the leadership of Alhaji Ahmed Lawal and Chief Ignatius Godsfrey Uzormah, accused the Omezi-led leadership of gross mismanagement of their branch’s funds.
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They expressed displeasure over the accusation that the NUP was withholding FCSPB’s money.

The pensioners said Omezi’s tenure had expired, adding that he has no right to demand or receive funds on behalf of their branch.

They said: “Please, be informed that Mr. Sunday Omezi is no longer the National Chairman of the Federal Civil Service Branch of the Nigeria Union of Pensioners, as he claimed. His tenure expired on July 17, 2022. He is, therefore, an impostor by claiming to be the National Chairman of the branch.

“The NUP cannot, therefore, continue to pay the monthly dues to the defunct Exco, led by Comrade Sunday Omezi, having expended his tenure of office. While we prepared to hold an election in July 2022, the same Comrade Sunday Omezi and his team took the NUP to court to fraudulently obtain an injunction against the holding of the election after he and his team collected N9.6 million to conduct the election.

“As we speak, the matter is still pending at the National Industrial Court (NIC) in Abuja. How then do you adjudicate over a matter that is pending in court?

“His action is, therefore, an affront to our collective sensibilities as members of the Federal Civil Service Pensioners Branch and an affront to the institution of Judiciary. Comrade Sunday Omezi should stop parading himself as the National Chairman of the Federal Civil Service Branch henceforth, until a new election is held to fill the vacant positions or he would be charged with contempt of court.”

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PH refinery: 200 trucks will load petroleum products daily, says Presidency

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16 hours ago

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November 26, 2024

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Port Harcourt Refinery

PH refinery: 200 trucks will load petroleum products daily, says Presidency

No fewer than 200 trucks are set to load petroleum products at the government-owned Port Harcourt Refinery, the presidency has said.

A presidential spokesperson, Sunday Dare, made this known in a statement through his official X handle on Tuesday.

Newstrends had reported that the Nigerian National Petroleum Company on Tuesday announced that Port Harcourt Refinery has resumed operations and crude oil processing after years of inactivity.

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Reacting, Dare said, “200 trucks are expected to load products daily from the refinery, Renewing the Hopes of Nigeria.”

He added that “the Port Harcourt refinery has two wings.

“The Old Refinery comes on stream today with an installed production capacity of 60, 000 barrels per day of crude oil.”

 

PH refinery: 200 trucks will load petroleum products daily, says Presidency

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Breaking: CBN increases interest rate to 27.50%

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17 hours ago

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November 26, 2024

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Breaking: CBN increases interest rate to 27.50%

 

The Central Bank of Nigeria (CBN) has raised the lending interest to 27.50 per cent from 27.25 per cent.

This latest increase in the Monetary Policy Rate came after a meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Monday and concluded Tuesday.

The Monetary Policy Rate measures the benchmark interest rate.

The CBN Governor, Yemi Cardoso, announced this in Abuja on Tuesday after the MPC meeting, last for the year, held at the apex bank’s headquarters.

He said the MPC voted unanimously to raise the MPR by 25 basis points from 27.25% to 27.50%; and retain the Cash Reserve Ratio (CRR) at 50% for Deposit Money Banks and 16% for Merchant Banks.

The CBN governor also said the MPC retained the Liquidity Ratio (LR) at 30% and Asymmetric Corridor at +500/-100 basis points around the MPR.

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Nigeria’s unemployment rate dropped to 4.3% in Q2 – NBS

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21 hours ago

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November 26, 2024

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Nigeria’s unemployment rate dropped to 4.3% in Q2 – NBS

 

Nigeria’s unemployment rate stood at 4.3 per cent in the second quarter of 2024, the National Bureau of Statistics (NBS) has said in its latest report.

The report released on Monday said the unemployment rate decreased compared to the 5.3 per cent recorded in the Q1 of 2024.

The NBS defined the unemployment rate as the share of the labour force (the combination of unemployed and employed people) who are not employed but actively searching and are available for work.

“The unemployment rate for Q2 2024 was 4.3%, showing an increase of 0.1 percentage point compared to the same period last year,” the report stated.

“The unemployment rate among males was 3.4% and 5.1% among females.

“By place of residence, the unemployment rate was 5.2% in urban areas and 2.8% in rural areas. Youth unemployment rate was 6.5% in Q2 2024, showing a decrease from 8.4% in Q1 2024.”

Report also said the unemployment rate among persons with post-secondary education was 4.8 per cent; 8.5 per cent among those with upper secondary education, 5.8 per cent for those with lower secondary education, and 2.8 per cent among those with primary education in Q2 2024.

Employment rate – 76%

The report showed that the employment-to-population ratio, which measures the number of employed workers against the total working-age population, increased to 76.1 per cent in Q2 2024.

“In Q2 2024, 76.1% of Nigeria’s working-age population was employed, up from 73.1% in Q1 2024,” the report stated.

Self-employment – 85.6%

The report further showed that Nigeria’s labour market saw a notable shift as the proportion of self-employed individuals increased in Q2 2024.

It stated, “The proportion of persons in self-employment in Q2 2024 was 85.6%.”

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