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Subsidy Issues : Meeting with FG and Labour ended without any resolution

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…NLC, TUC tell govt to revert to status quo

The meeting between the Federal Government and the organised labour over the issue of subsidy removal has ended without any resolution.

The meeting called on the instance of the Federal Government at the Presidential Villa, Abuja, was to find a solution to the brewing crisis over effect of subsidy removal and the hike in petroleum pump price.

Recall the government through the Nigeria National Petroleum Company Limited, NNPCL, announced an adjustment in the price of PMS on Wednesday.

Speaking to journalists after the meeting on Wednesday, President of Nigeria Labour Congress, Joe Ajaero said that “as far as we are concerned there was no consensus.”

He said the principle of negotiation was for the government and the NNPCL to revert to status, adding that, “you don’t ask to negotiate under gun point.”

On the demands of the organised labour, Ajaero said, “We should go back to status quo, negotiate, think of the alternatives and all the effects and how many of the effects this action will have on the people if it is an action that must take off.”

He said that the subsidy provision has been made up to the end of June and rhetorically asked, “why is it now. Last administration made it up to end of June. Why can’t we respect the sanctity of even that law that provided that expenditure up to June.”

On the claim by the Federal Government that there is no money to continue with the subsidy, Ajaero flanked by the President of the Trade Union Congress, TUC, Festus Osifo said, “what is the purpose of governance, is it the duty of NLC to raise funds for the government, collect tax, to sell crude at the international market when the price of crude is going high and the government that is a major importer of crude product is telling you there is no money.

“Other countries that are in the same scenario are eating fat.”

Asked whether it is realistic to continue with the payment of subsidy the NLC President said, “why do you keep on hampering on subsidy, what do you understand about subsidy, has anybody explained to you the meaning of subsidy, what did they say is subsidy?

“Is there any country even in the US there is subsidy on wheat product, is there any country that does not subsidise living of people even if it is by providing public transportation, those are the issues we are looking at.

“If you are a major producer of crude and you refine or carry the crude abroad and refine and bring it, definitely there will be difference in the price and that is what they are paying.

“If your father established a refinery and that refinery dies in your hand and you are now refining abroad, you ask yourself some questions. We have refineries in Kaduna, Sapele, Warri and Port Harcourt, why are they not functioning that we have to go and refine abroad, the transportation money, refining cost at international price or rate and bring it back here and the same government pays the difference in cost of what it is here and what is internationally, that is what they are telling you about .”

He wondered why the government should claim that it has deregulated the product and at the same time is fixing prices of the product.

Ajaero said in 2011 labour met with government and agreed on some principles including the repair of the refineries to start operation latest by December last year but nothing was done.

The person who spoke on the side of the Federal Government, Dele Alake said, “We have been deliberating on finding very amicable solutions to the issue at hand, to the queue and all of that and the increase in pump price.

“We had a very robust engagement. We cross-fertilized ideas, ideas flew from all sides and there is one thing that is remarkable even from the Labour side, and that is Nigeria. We are all looking at the peace, progress and stability of Nigeria. That is what is paramount.

“Of course the NNPCL CEO is here, Mr Kyari, we cannot go into details now because the talks are still ongoing. We cannot finish everything at one setting, so we have adjourned now, we are continuing the talks at a later date very shortly.

“But the point is that the talks are ongoing and it always better for all sides to keep talking with a view to arriving at a very amicable resolution that will be in the longer term interest for all Nigerians. That is as much as we can say now.”

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APC Launches Reps Primaries, Embraces All-Inclusive Screening Approach — Morka

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Abbas, Kalu, Ihonvbere, Doguwa, Faleke, Obasa, Amaewhule, others in race for tickets
Primaries to pick candidates of the All Progressives Congress (APC) for next year’s elections begin tomorrow.

Aspirants for House of Representatives tickets will take the first shots across the 360 constituencies.

As of last night, the party’s national secretariat was busy coordinating reports from screening centres, while appeal committees also sat to consider different cases as they arose.

“The process is tough, and the schedule is tight,” a member of the party’s National Working Committee (NWC) told The Nation.

The party assured its members that, despite the logistical difficulties, the process would proceed as planned.

Leading lights of the party, which controls an overwhelming majority in the Green Chamber, such as Speaker Abbas Tajudeen, Deputy Speaker Benjamin Kalu, House Leader Prof. Julius Ihonvbere, spokesman Akin Rotimi, long-standing member Ado Doguwa, Finance Committee Chairman James Abiodun Faleke, former minister Nkeiruka Onyejeocha, Chijioke Edoga and Leke Abejide, who defected from the African Democratic Congress (ADC), are among those seeking tickets to return.

Among those seeking a return to the House are Bimbo Daramola (Ekiti), Kafilat Ogbara (Lagos), Oluwole Oke (Osun) and Donald Ojogo (Ondo).

There are also high-profile lawmakers from state Houses of Assembly bidding to move to the House of Representatives.

These include Speakers Mudashiru Obasa (Lagos) and Martins Amaewhule (Rivers).

National Publicity Secretary Felix Morka said the date fixed for the intra-party selection is sacrosanct.

The screening of the contenders has set the stage for what is largely expected to be direct primaries and, in some cases, consensus arrangements.

According to the APC guidelines, direct primaries should be adopted where consensus agreements fail.

Sources said the panel cleared all aspirants from Lagos, Ondo, Ekiti, Enugu and Rivers states.

However, a source said members of the Appeal Committee were at the Treasures Suites in Abuja handling last-minute petitions arising from the screening exercise.

According to the source, governors still hold the ace, having been saddled by the party with negotiating the “mode of primary” best suited for their respective states.

A senior party official confirmed that the committee refused to bow to external interference.

He said despite intense lobbying and “pressure from opponents,” the screening panels opted for an all-inclusive approach.

The source added: “No aspirant was disqualified. I was part of the team that handled Lagos, Ondo, Ekiti, Enugu and Rivers states, and I am sure that all the aspirants were cleared.

“There was pressure to disqualify some, but the screening committee stood its ground.”

The party’s National Working Committee (NWC) reviewed the report of the screening committee on Tuesday and yesterday.

While the official results have not been formally gazetted, sources at the party’s headquarters confirmed that the reports have been ratified.

Already, the NWC has dispatched primary election committees to the states to liaise with governors for rancour-free shadow elections that will produce acceptable candidates.

A member of the NWC reiterated the party’s resolve to adhere to the revised schedule of activities and timetable.

He said: “We have done everything possible for the primaries to be held as scheduled.”

Emphasising that the timetable would not change, Morka said the clarification became necessary following misleading reports.

He said the primaries will be held as follows: senatorial, May 18; House of Assembly, May 20; governorship, May 21; and presidential, May 23.

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Breaking : Energy Commission DG Nabbed by EFCC Over Alleged N500bn Scam

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Operatives of the Economic and Financial Crimes Commission have arrested the Director-General of the Energy Commission of Nigeria, Dr. Mustapha Abdullahi, over alleged money laundering offences.

A source within the anti-graft agency, who spoke on condition of anonymity because he was not authorised to comment officially on the matter, disclosed on Wednesday that Abdullahi was arrested in Abuja and is currently being held in the custody of the commission.

According to the source, the investigation involves alleged fraud amounting to about N500 billion.

“We have arrested the Director-General of the Energy Commission of Nigeria, Dr. Mustapha Abdullahi, over alleged money laundering offences. He was arrested in Abuja and is currently in our custody. The amount involved is estimated at N500 billion,” the source said.

The commission is yet to issue an official statement regarding the arrest as investigations continue.

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Foreign Investors Drag Senator Fasuyi to EFCC Over Alleged $2.98 Million Fraud

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Senator Cyril Fasuyi, representing Ekiti North Senatorial District, has been dragged before the Economic and Financial Crimes Commission (EFCC) over an alleged fraud involving the sum of $2,980,535.00.

The petition, submitted by Mr. Nuel Wilson, West Africa Regional Representative of Integrated Packaging Systems FZCO (IPS Ingredis) and its Nigerian subsidiary, IPS Ingredis Integrated Systems Limited, accused Senator Fasuyi and his wife, Mrs. Elizabeth Adun Fasuyi, of conspiracy, fraudulent conversion, obtaining by false pretence, stealing, and diversion of foreign investment funds.

According to the petition, which was acknowledged by the EFCC on December 10, 2020, the Dubai-based company alleged that the senator and his wife, operating under the name Legacy Foods Limited, failed to remit payment for products supplied to them after several business transactions.

The petition stated that IPS Ingredis, a company registered in Dubai, United Arab Emirates, conducts the business of sales, supply, and distribution of raw materials across different countries, including Nigeria, through its local subsidiary based in Lagos State.

The complainant explained that the business relationship between both parties began in November 2015 after the suspects were introduced to the company by one of its Chinese customers. Following several meetings, the Fasuyis allegedly represented themselves as credible business partners interested in the company’s line of products.

Based on the agreement, the company reportedly supplied various raw materials, including corn starch, maltodextrin, shortening, maltose syrup, and other products to Legacy Foods Limited through multiple purchase orders.

The petition further alleged that goods worth over $9 million were supplied to the suspects during the course of the business relationship. However, the company claimed that after selling the products, the suspects allegedly refused to pay the outstanding sum of $2,980,535.00.

“Our clients supplied goods worth over $9,000,000.00 to the suspects. The suspects, after selling all the goods, refused to pay the sum of Two Million, Nine Hundred and Eighty Thousand, Five Hundred and Thirty Five United States Dollars worth of products already supplied,” part of the petition read.

The foreign investors also accused the suspects of allegedly diverting proceeds from the sales for personal use and benefits, despite repeated demands for payment.

According to the petition, investigations allegedly revealed that the products supplied had been sold and disposed of, while proceeds were allegedly converted for personal gains.

The complainant described the development as “a calculated attempt to dispossess foreign investors of their investment in Nigeria through fraudulent means.”

The petition also emphasized the need for Nigerian authorities to protect foreign investments and uphold the spirit of bilateral investment agreements between Nigeria and the United Arab Emirates.

Meanwhile, the petition named Mrs. Elizabeth Adun Fasuyi as a co-suspect in the matter. She was reportedly present in court alongside her husband at a point during proceedings but allegedly avoided arrest by operatives of the anti-graft agency.

Senator Cyril Fasuyi, representing Ekiti North Senatorial District, has been dragged before the Economic and Financial Crimes Commission (EFCC) over an alleged fraud involving the sum of $2,980,535.00.

The petition, submitted by Mr. Nuel Wilson, West Africa Regional Representative of Integrated Packaging Systems FZCO (IPS Ingredis) and its Nigerian subsidiary, IPS Ingredis Integrated Systems Limited, accused Senator Fasuyi and his wife, Mrs. Elizabeth Adun Fasuyi, of conspiracy, fraudulent conversion, obtaining by false pretence, stealing, and diversion of foreign investment funds.

According to the petition, which was acknowledged by the EFCC on December 10, 2020, the Dubai-based company alleged that the senator and his wife, operating under the name Legacy Foods Limited, failed to remit payment for products supplied to them after several business transactions.

The petition stated that IPS Ingredis, a company registered in Dubai, United Arab Emirates, conducts the business of sales, supply, and distribution of raw materials across different countries, including Nigeria, through its local subsidiary based in Lagos State.

The complainant explained that the business relationship between both parties began in November 2015 after the suspects were introduced to the company by one of its Chinese customers. Following several meetings, the Fasuyis allegedly represented themselves as credible business partners interested in the company’s line of products.

Based on the agreement, the company reportedly supplied various raw materials, including corn starch, maltodextrin, shortening, maltose syrup, and other products to Legacy Foods Limited through multiple purchase orders.

The petition further alleged that goods worth over $9 million were supplied to the suspects during the course of the business relationship. However, the company claimed that after selling the products, the suspects allegedly refused to pay the outstanding sum of $2,980,535.00.

“Our clients supplied goods worth over $9,000,000.00 to the suspects. The suspects, after selling all the goods, refused to pay the sum of Two Million, Nine Hundred and Eighty Thousand, Five Hundred and Thirty Five United States Dollars worth of products already supplied,” part of the petition read.

The foreign investors also accused the suspects of allegedly diverting proceeds from the sales for personal use and benefits, despite repeated demands for payment.

According to the petition, investigations allegedly revealed that the products supplied had been sold and disposed of, while proceeds were allegedly converted for personal gains.

The complainant described the development as “a calculated attempt to dispossess foreign investors of their investment in Nigeria through fraudulent means.”

The petition also emphasized the need for Nigerian authorities to protect foreign investments and uphold the spirit of bilateral investment agreements between Nigeria and the United Arab Emirates.

Meanwhile, the petition named Mrs. Elizabeth Adun Fasuyi as a co-suspect in the matter. She was reportedly present in court alongside her husband at a point during proceedings but allegedly avoided arrest by operatives of the anti-graft agency.

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