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Federal Fire Service offsets salary arrears of 2000 personnel

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Federal Fire Service (FFS

More than 2000 employees of the Federal Fire Service (FFS) have been paid their outstanding salary and promotion arrears.

A statement by FFS National Public Relations officer, Abraham Paul, on Wednesday in Abuja, said the payment was a fulfilment of the commitment of the Controller-General, Mr Jaji AbudulGaniyu, to improve workers` welfare.

The statement said the payment was from 2016 to date and the arrears ranged from one month to one year.

“During the celebration of his 100 days in office, the Controller-General promised to prioritise the settlement of all pending arrears and enhance the welfare of the staff.

“Demonstrating his unwavering commitment, he has now successfully followed through on this promise, ensuring that all arrears payments are made to the deserving officers,” the statement said.

According to the statement, the settlement of the arrears not only provides the much needed financial relief to the affected individuals, but also serves as an acknowledgement of their dedication to service.

It stated that the payment signified the value placed on the workers efforts by the leadership and reinforced the importance of recognising and rewarding employees for their hard work and commitment.

The statement said the controller-general’s proactive approach towards improving staff welfare extended beyond the settlement of arrear payments, adding that since assumption of duty, he had implemented various measures to enhance the overall wellbeing of personnel.

“His leadership style prioritises the needs and concerns of the staff, aiming to create a conducive and supportive environment for optimal productivity and job satisfaction.

“Under his guidance, the service has witnessed changes that have positively impacted both the staff and the service as a whole.

“This ranged from comprehensive training programmes to acquiring state-of-the-art firefighting equipment,” the statement said.

It further added that the C-G had so far demonstrated his commitment to transforming the service into a world class institution that could compete favourably with its counterparts across the globe.

The statement said the settlement of the outstanding arrears of the affected officers was not just a fulfilment of a promise, but a testament to his vision for the service.

It explained that prioritising employee’s welfare, as well as recognising their contributions, was a way of fostering a culture of appreciation, motivation and excellence within the service.

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Hardship: Protesters Defy Police Warning, Hit Lagos Streets

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Residents have hit the streets of Lagos State to protest against the increasing spike in the price of food and the high cost of living in the country.

The protest was facilitated by a human rights group identified as the “Take It Back Movement.”

This comes against the warning issued by the Lagos State Commissioner of Police, Adegoke Fayoade, on Sunday.

The protesters were seen carrying placards of various inscriptions at Ojuelegba Under Bridge area of the state to express their grievances.

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CBN Lifts Ban On BDCs, Introduces New Operational Mechanism

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In a major development aimed at financial stability and strengthening the naira, the Central Bank of Nigeria (CBN) plans to resume its weekly intervention in the country’s foreign exchange (FX) market through the Bureau de Change (BDC) operators.

In 2021, the central bank, in a bid to achieve its mandate of safeguarding the value of the local currency, ensuring financial system stability, and shoring up external reserves, announced the immediate discontinuance of foreign currency sales to Bureau de Change (BDC) operators in the country.

However, the resumed intervention, which would reportedly commence today for funding as well as Tuesday for collection, will see the apex bank inject FX into the subsector in a bid to rescue the naira from further depreciation against major currencies, particularly the US Dollar. The collection will be at designated CBN branches in Lagos, Abuja, Kano, and Awka, while details of the naira accounts to be credited for funding bidding will also be made available today.

CBN is also expected to publish the list of eligible BDCs to benefit from its funding using certain compliance criteria.National Executive Council of Association of Bureau De Change Operators of Nigeria (ABCON) hinted on the latest developments through a memo to its members over the weekend.

The association also warned members that it will no longer be business as usual under the new supervisory regime of the central bank, as any infringement or infraction would result in outright revocation of license and prosecution.

ABCON said through the association’s various engagements with the central bank, in conjunction with ABCON’s strategic partners, CBN had agreed to its request, under the bank’s supervision, to inject liquidity into the market through a weekly intervention beginning today.

CBN assured ABCON that the new circular on the Revised Regulatory and Supervisory Guidelines to BDCs, which was introduced over the weekend, was only a draft exposure that required the association’s inputs before the release of the final guidelines by the apex bank.

To that effect, the letters of the guidelines were not cast in stone, the association’s leadership told its members, who had been worried over the sweeping reforms in the document, which, among other things, prescribed N2 billion and N500 million minimum capital for national and state BDCs, respectively.

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