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NLC gives FG a 7-day strike ultimatum over alleged diverted workers’ fund

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By Our Correspondent

Nigeria Labour Congress (NLC) has given the Federal Government a seven-day ultimatum to refund the alleged diverted workers’ funds from the Nigeria Social Insurance Trust Fund (NSITF) and immediately constitute the Governing Board of the National Pension Commission (PENCOM).

The organised labour also warned in a communiqué issued after its Central Working Committee (CWC) meeting in on Thursday that failure to act immediately on the demands would lead to a nationwide strike action.

Chaired by the NLC President, Joe Ajaero, the meeting x-trayed the disturbing issues affecting Nigerian workers, the trade union movement, and the state of the nation.

The communique of the meeting reads: “The Central Working Committee (CWC) of the Nigeria Labour Congress (NLC) met on Wednesday, 13th August 2025, to deliberate on urgent issues affecting Nigerian workers, the trade union movement, and the Nigerian people at large. The meeting considered the festering leadership crisis in the Edo State Council of the NLC, alarming developments in the Nigeria Social Insurance Trust Fund (NSITF), and the governance vacuum in the National Pension Commission (PENCOM)}, alongside the broader state of the nation.

“After exhaustive deliberations, the CWC resolved as follows:

“Edo State Council Leadership Crisis The CWC reviewed the situation in the Edo State Council and ratified the decision to dissolve the State Administrative Council over acts of unethical behaviour, antiunion conduct, and violations of the NLC Constitution. The meeting approved the constitution of a Caretaker Committee to run the affairs of the Council until fresh elections are conducted. The CWC reaffirmed that discipline, internal democracy, and accountability remain non-negotiable pillars of the labour movement.

“Nigeria Social Insurance Trust Fund (NSITF) The CWC expressed outrage at the ongoing assault on workers’ social protection rights through the Federal Government’s diversion of 40% of workers’ contributions to the national coffers as “revenue”, in flagrant violation of the statutes establishing the NSITF.

“Equally condemnable is the new Administration’s false claim of ownership of the NLC National Headquarters, a property owned by Nigerian workers, resort to Cyber and media-bullying of the trade unions and leadership coupled with covert moves to amend the NSITF Act in a manner that would disenfranchise workers and give government full control over the funds. The CWC warns that these actions represent a direct attack on workers’ rights, hard-earned resources, and the principle of tripartite governance enshrined in international labour standards.

“The Congress affirms that the NSITF belongs to the Nigerian working class and will mobilise all legitimate means,to ensure workers’ interests are protected.

“National Pension Commission (PENCOM) The CWC noted with grave concern the non-constitution of the Governing Board of the National Pension Commission, in contravention of the PENCOM Act and other statutes. This unlawful vacuum has allowed government to solely superintend over the pension funds contributed by workers and employers, stripping away the statutory tripartite oversight and increasing the risk of mismanagement and political interference.

“The CWC reiterates that pension funds are deferred wages, not state revenue, and demands the immediate constitution of the Board in full compliance with the law.

“State of the Nation The CWC reviewed the deepening economic crisis marked by runaway inflation, joblessness, hunger, insecurity, and the collapse of public services, all aggravated by anti-people neoliberal policies. The Congress warns that unless Nigeria adopts a people-centred development path anchored on public ownership of strategic sectors, living wages, industrial revival, and social protection, the majority of citizens will remain trapped in poverty while the ruling elite continues in opulence.

“The CWC resolved to: 1) Enforce strict compliance with the NLC Constitution in all State Councils, with zero tolerance for indiscipline. 2) Ratify the dissolution of the State Administrative Council of NLC in Edo state and the setting up of a Caretaker Committee. 3) Mobilise workers across the country to defend workers’ contributions in the NSITF and pension funds from government expropriation. 4) Demand the immediate constitution of the PENCOM Governing Board in line with the law.

“To this end, the CWC-in-session hereby directs: @) The NSITF must account for and return all diverted funds within seven (7) working days from today. b) The PENCOM Board must be properly constituted in full compliance with the law within seven (7) working days from today. ce) The Pension Commission to submit to the NLC full status report of the funds within this same period. d) If at the end of this Seven (7) working days, nothing is done, NLC will no longer guarantee Industrial peace in the Sector”.

 

Business & Economy

Bayelsa Assembly Hopeful Unveils Blueprint On Human CapitL development

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By David Owei,Bayelsa
Standard bearer of the Peoples Democratic Party (PDP) for Ogbia Constituency one in the 2027 elections into the Bayelsa State House of Assembly, Hon. Whoknows Azibola Odoko has said he would focus on human capital development, amongst others if he is elected into the State legislature.

Odoko stated this during a chat with Journalists in Yenagoa, the state capital yesterday.

Our source gathered that ex-President Jonathan is also a constituent of the Ogbia constituency one.

He said the era of voting for candidates who abandon constituents upon their elections was over, noting that there was nothing better than empowering and building constituents so that they can eke out a living for themselves.

The assembly hopeful averred that if elected, he would amongst other empowerment programmes roll out an educational support scheme for the training and retraining of his constituents.

He also pledged to facilitate the provision of jobs for constituents who have the requisite skills and credentials for employment, saying that under his stewardship as a lawmaker the constituency will heave a sigh of relief.

Speaking on the crisis rocking the PDP, the party’s candidate noted that all the major political parties in the country have their own share of problems, emphasizing that the Peoples Democratic Party would emerge stronger and more united on or before the 2027 polls.

He said: I’ll win the election. My popularity cut across party lines in the constituency and beyond. My teaming supporters are ready and willing to convert the goodwill I enjoy from across the constituency into votes for me come 2027.

“Upon my election I’ll institute an aggressive empowerment scheme in education, jobs creation and employment generation for my constituents.

“The era of electing candidates who don’t have anything to offer to the constituency is over”.

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Business & Economy

Senate approves N2.285trn FCT 2026 Budget ……Allocates 76% to capital projects

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By George Mgbeleke

The Senate on Thursday passed the 2026 Statutory Appropriation Bill for the Federal Capital Territory, (FCT) approving a total expenditure of N2.285 trillion for the administration and development of Abuja.

The approval was sequel to the presentation of the harmonised report of the Senate and House of Representatives Committees on the FCT during plenary.

Vice Chairman of the Senate Committee on FCT, Senator Austin Akobundu, presented the report on behalf of Committee Chairman, Ibrahim Bomai.

According to Akobundu, the budget is based on a projected revenue estimate of N2.385 trillion as it allocates N165.7 billion to personnel costs, N378.2 billion to overhead expenditure, and N1.741 trillion to capital projects across the territory.

He said 76.19 per cent of the total allocation is devoted to capital expenditure, while recurrent expenditure accounts for 23.8 per cent.

The appropriation, he added, complied with constitutional provisions and followed extensive consultations between the joint committees and officials of the Federal Capital Territory Administration.

“The committees met with the minister and other relevant officials of the FCTA and deliberated extensively on the subject matter,” Akobundu said.

Lawmakers described the budget as balanced and development‑oriented, with potential to accelerate infrastructure growth and improve security in Abuja and its satellite communities.

Deputy Senate President Barau Jibrin commended the proposal, calling it “top notch” and reflective of a strong commitment to infrastructural transformation in the FCT.

“Mr President, the budget is top notch. You know, I am the only one in the history of the legislature in this country that had the opportunity to serve as chairman of the appropriation committee in the House and in the Senate. So when I see a good budget I know it’s a good budget.

“A budget that has a total of N2.2 trillion and out of this, N1.7 trillion is going for capital shows his willingness and determination to continue to position FCT to the admiration of all,” he said.

Also contributing, Senator Abdul Ningi also described the budget as well‑packaged and balanced, noting that it addressed observations raised by the Senate Committee on the FCT during earlier budget reviews.

In his remarks, the Senate President Godswill Akpabio commended the committee for a job well done and urged the FCT Minister, Nyesom Wike not to relent in the development of the Territory.

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Business & Economy

NNPC SCANDAL: HURIWA Blasts EFCC, ICPC, NASS, Presidency Over “CRIMINAL SILENCE” …….AS “Billions Vanish Without Accountability”

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By George Mgbeleke

The Human Rights Writers Association of Nigeria (HURIWA) has expressed outrage, anger, and deep national embarrassment over the staggering failure of Nigeria’s anti-graft institutions and political leadership to act decisively on the monumental waste and alleged corruption surrounding the Nigerian National Petroleum Company Limited.

It is a massive national shame that despite over $2.4 billion reportedly sunk into the so-called Turnaround Maintenance of the Port Harcourt and Warri refineries, there is little to no tangible result to justify such colossal expenditure. Yet, those responsible walk free, uninvestigated, and unprosecuted.

In a statement signed by HURIWA’s National Coordinator Comrade Emmanuel Nnadozie Onwubiko, the group unequivocally condemned what it describes as the disgraceful inertia of the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC), which have failed woefully in their statutory duties to arrest, investigate, and prosecute those indicted in this apparent economic sabotage.

“Why are the officials responsible for this monumental waste not in jail?” HURIWA demands.

“What exactly are the EFCC and ICPC waiting for? Must Nigerians continue to tolerate impunity of this scale?”

Even more disturbing, HURIWA accuses the National Assembly of Nigeria of turning what should be a serious probe into a political charade designed to generate campaign slush funds rather than deliver justice.

“Otherwise, how do we explain the endless hearings without consequences? Why has no single high-profile conviction emerged from these investigations?” the group queried.

HURIWA did not spare the Presidency, holding Bola Ahmed Tinubu accountable for what it described as a “deafening silence and unacceptable inaction” in the face of what it called one of the most brazen financial scandals in Nigeria’s recent history.

“This administration cannot continue to look the other way while public wealth is looted in broad daylight. The President must act—decisively and immediately—or risk being seen as complicit,” the statement added.

The association warned that history would deliver a harsh verdict on all institutions and individuals who have failed to act.
“Posterity will judge this National Assembly harshly for what appears to be a dangerous connivance with corrupt elements within the NNPC to drain public resources meant for national development,” HURIWA declared.

HURIWA further described the latest move by the Nigerian National Petroleum Company Limited to enter yet another agreement with foreign partners as “a suspicious recycling of failed strategies,” insisting that without accountability, no reform can succeed.

The group, however, commended prominent industrialist Aliko Dangote for what it described as his courage in consistently speaking out against systemic corruption in the oil sector.
“At a time when many have chosen silence, Dangote has shown uncommon patriotism by drawing national attention to the rot in the system. His voice reflects the frustration of millions of Nigerians,” HURIWA noted.

HURIWA therefore demands:

Immediate arrest and prosecution of all officials linked to the failed refinery rehabilitation projects;

A transparent forensic audit of all funds spent on refinery maintenance;

Public disclosure of all contracts, contractors, and payment structures;

Immediate overhaul of anti-corruption agencies for failure to act;

An end to what it termed “legislative theatrics” in place of real accountability.

“Nigeria cannot continue like this. This culture of impunity must end. The looting of public wealth must stop. The time for action is now,” the statement concluded.

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