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Why road transporters won’t join NLC planned strike – NURTW
Why road transporters won’t join NLC planned strike – NURTW
The National Union of Road Transport Workers (NURTW) under the leadership of Alhaji Tajudeen Agbede has said road transport operators are not likely to join a nationwide strike action called by the Nigeria Labour Congress (NLC).
President of the Nigeria Labour Congress (NLC), Joe Ajaero, on Friday threatened that the workers would “commence a two-day nationwide warning strike on Tuesday and Wednesday, the 5th and 6th of September, 2023” to protect the impact of removal of fuel subsidy on the masses.
The NLC had said the action was in preparation for an indefinite industrial action later in the month and to demand that state should vacate the occupation of the NURTW national headquarters, Abuja.
But reacting to the communiqué on Saturday, Agbede regretted that “from the contents of the communiqué, it clearly showed that Comrade Ajaero and his team have lost touch with present reality in the country today or are being blindfolded by political/ ethnic considerations, as this is not a perfect time for any reasonable group or person to be nursing the idea of calling out workers on strike when majority of our people are struggling to survive.
He also said the NLC should desist from making inflammatory statements capable of heating up the polity.
The NURTW leader stated this while reacting to a communiqué issued by the NLC at the end of its National Executive Council( NEC) meeting in Abuja.
Agbede’s statement read in part, “I want Comrade Ajaero to realise that the duty of the NLC is more than just dishing out strike threats all the time. I would advise him to start taking lessons from his predecessors (Comrades Ayuba Wabba, Adams Oshiomhole, etc) on how to run a proper trade union organization.
“The present administration of President Bola Tinubu is barely three months in office and Ajaero had threatened to go on strike on five different occasions. Haba! Our people in Southwest have started to read ethnic/political meanings to the NLC positions on Tinubu administration.
“Concerning our union, NURTW, we are seriously worried and disturbed by the later-day interest the NLC is showing in the affairs of our union lately. The crisis we are facing today would not have aggravated to this level if the NLC had given it the necessary attention ab initio.
“It is on record that aggrieved members and major stakeholders in our union wrote series of letters to the NLC to complain about the atrocities and highhandedness of Baruwa-led executive, but NLC did not react or act on those letters. Our members were ignored.
“If the NLC had given the letters the required attention at the initial stage, the crisis might have been nipped in the bud, but the NLC failed to respond/act because the complainers are poor members who have nothing to offer the NLC. A pure case of ‘No money, no justice’.
“For the police, I would like to commend men of the Nigeria Police for their proactive position in the union matter. The police have been very professional in their approach, conduct and utterances since NURTW crisis began.”
Agbede appealed to Nigerians and the police to disregard the NLC threats, stating that the NLC was only backing Baruwa to justify the alleged huge inducement they benefitted from him
He said, “And to Baruwa, we would like to advise him to stop wasting his money and resources on a failed project, as majority of our people have decided to move on with the Agbede-led NURTW. And of course, our members made a bold statement on Thursday at our first CWC meeting in Abuja where 80% of state councils and five out of the six zonal councils were in attendance.”
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Outrage over video of police officers collecting cash from Chinese man
Outrage over video of police officers collecting cash from Chinese man
A video currently making the rounds on social media has triggered widespread criticism and public outrage, after it showed several Nigerian police officers allegedly receiving N5,000 each from a Chinese man and his family.
In the viral footage, the uniformed officers are seen lining up in an orderly fashion as the Chinese man distributes cash to each of them.
The incident has stirred heated reactions online, with many Nigerians calling it a blatant display of unprofessionalism and a disgrace to the integrity of the Nigeria Police Force.
Human rights activists and anti-corruption advocates have condemned the act, describing it as unethical and damaging to the already fragile reputation of law enforcement in the country.
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When contacted by Vanguard, Force Public Relations Officer, ACP Olumuyiwa Adejobi, said he was unaware of the viral video or the incident.
Similarly, the Lagos State Police Command distanced itself from the footage. Its spokesperson, CSP Benjamin Hundeyin, clarified that the incident did not occur in Lagos, contrary to claims circulating online.
Public figures have also weighed in. Omoyele Sowore, former presidential candidate of the African Action Congress (AAC), described the video as “shameful” and called for the removal of the IGP.
“This is why I keep saying illegal IGP Kayode Egbetokun must leave the police force. It is the shame of the nation,” he wrote in a Facebook post.
Popular social commentator and human rights activist Martins Victor Otse, also known as VeryDarkBlackMan, called the act “disgraceful, disrespectful, and degrading,” urging the police leadership to address the matter transparently.
The incident has intensified calls for accountability, with many Nigerians demanding disciplinary action and systemic reforms to restore public confidence in the police force.
This is the most dizgr@ceful,disrespectful,degr@ding video i have ever seen of our police force,it is not just a slap to the Nigerian police force but also a slap to every Nigerian and Nigeria as a country,I weep for Nigeria,I am calling on the inspector general of police to… pic.twitter.com/ev0y8kSriY
— thatverydarkman (@thatverydarkma1) April 15, 2025
Outrage over video of police officers collecting cash from Chinese man
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Nigerians lose N1.3tn as ponzi scheme CBEX collapses
Nigerians lose N1.3tn as ponzi scheme CBEX collapses
Thousands of Nigerians face financial ruin after the collapse of CBEX, a digital investment platform accused of running a Ponzi scheme that allegedly vanished with over ₦1.3 trillion ($850 million USD). The fallout has sparked widespread distress, with victims sharing devastating stories on social media.
One investor, quoted in a transcribed audio obtained by Daily Sun, described being lured by a friend’s promise of a 100% return on a $100 Bitcoin investment within 35-40 days. Initially wary due to past scams, she was reassured after visiting CBEX’s Egbeda office, where a supposed EFCC certificate suggested legitimacy. “I visited the office only to see even a kind of a certificate from EFCC that they are aware of these people, that they are not scammers and the rest of them. So that convinced me into investing $100,” she said.
Despite her caution, limiting her investment to $100, her funds vanished when withdrawals were halted. “As my investment matured last week Monday, I planned to withdraw it this week. Only for us to wake up yesterday, 14th of April, around 5 p.m., all the money in our account has vanished,” she recounted. Other reports cite losses of up to ₦3 million, with one man allegedly writing a suicide note after investing his home and borrowed funds. The audio claimed, “About three people have been reported dead. So many attempted suicide because of this Ponzi scheme.”
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The scale of the alleged fraud has raised questions about regulatory oversight. The anonymous victim asked, “The question now is to the authorities, where are they, when Nigerians are injecting this kind of money in this kind of investment?” CBEX’s offices in Egbeda and Ikeja added a veneer of credibility.
Financial experts noted the Central Bank of Nigeria (CBN) has long warned against Ponzi schemes promising unrealistic returns. A Lagos-based forex broker, @Obobanj, tweeted, “The Central Bank of Nigeria (CBN) has long warned citizens about the dangers of Ponzi schemes, cautioning against investments that promise unrealistic returns. Despite this, platforms like CBEX continue to attract large followings, often collapsing without warning and leaving chaos in their wake.”
Social media reactions on X range from sympathy to criticism. “Nigerians don’t learn,” tweeted @ricky_chiekezie, reflecting frustration over repeated scams. The victim’s despair was palpable: “God, oh, God, oh, what have I done to deserve this? Huh? What have I gotten myself into? God, please help me. Hey, whoa. CBEX has finally killed me, oh.”
As victims reel, calls grow for authorities to investigate CBEX and hold perpetrators accountable. The forex broker emphasized, “The collapse serves as a reminder of the critical need for financial literacy and vigilance in the face of seemingly lucrative investment opportunities.”
Nigerians lose N1.3tn as ponzi scheme CBEX collapses
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Stop promoting risky coins, unlicensed platforms, SEC warns influencers
Stop promoting risky coins, unlicensed platforms, SEC warns influencers
Following the sudden collapse of CBEX crypto trading platform, the Securities and Exchange Commission (SEC) has warned celebrities and influencers against endorsing or promoting unregistered digital asset platforms and meme coins.
After users lost access to their funds in CBEX, aggrieved ‘investors’ looted the office of Smart Treasure (ST Team), an arm of the cypto trading platform in Ibadan.
It is against this background that Emomotimi Agama, Director-General (DG) of SEC, spoke against the promotion of unregistered digital asset platforms and meme coins by influencers.
Citing the provisions of the Investments and Securities Act 2025 recently signed by President Bola Tinubu, Agama said the act established clear rules and regulations for digital asset platforms, including registration requirements to promote transparency and trust.
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According to him, this allows SEC to crack down on illicit activities, such as ponzi schemes, pump and dump tokens, and unregistered exchanges.
He said, “It is important that even for celebrities, we must be cautious around what we do. Becoming influencers or introducing meme coins that do not mean well for the generality of Nigerians are not going to be tolerated.
“The ISA 2025 is intended to promote FinTech growth and innovation, specifically within the Digital Asset space, while ensuring regulatory compliance.
“However, I want to say this very clearly. If it is not registered, it is illegal. The law will be enforced.”
Stop promoting risky coins, unlicensed platforms, SEC warns influencers
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