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CBN sacks 200 more staff

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Last Updated on May 25, 2024 by Fellow Press

No fewer than 200 officials of the Central Bank of Nigeria were on Friday relieved of their duties.

This is an addition to the long list of ongoing disengagements in the apex bank.

This adds to the list of 117 staff sacked by the bank between March 15 and April 11, 2024.

The termination of appointments affects directors, deputy directors, assistant directors, principal managers, senior managers and lower-ranking staff.

Impeccable sources who are staff of the bank confirmed the sack to our correspondent on Friday, saying that those sacked are not less than 200.

They revealed that affected persons include older directors who were not affected by the last round of retrenchment.

One of the sources in a 20-second call with our correspondent simply stated, “It is true and confirmed.”

The staff member who could not disclose further details for fear of victimisation added that the move has caused apprehension among staff of every cadre as the management has not specified any criteria for the decisions.

Another source confirmed the information, indicating that additional dismissals are expected in the months ahead, spread out across staggered phases.

The official said, “It is real and is even more than 200 officials but the actual number is unconfirmed yet. The sack is coming in staggered phases and that is why we can’t confirm the number yet. But it is not less than 200.

“The sacked persons include directors, and other cadres but the ones that are easily known are the directors. Some of the batch of old directors that were not affected during the last round of sacks are now affected.”

The sack letter obtained by our correspondent and issued by the Human Resources Department on May 24, 2024, said the policy was to reorganise the organisation for effective operations.

The letter, lacking a signature read, “The new strategic direction of the bank has been widely publicised. In line with our new mission and vision, the bank is currently undergoing a significant organisational and human capital restructuring process.

“As a result of this review, I have been directed to notify you that your services will not be required with effect from Friday, 24th May 2024.

“Your final entitlements will be calculated and paid to you in due course. Thank you”

In February, at least 1,500 members of staff of the apex bank of Nigeria were redeployed from the headquarters located at Central Area to its Lagos office.

At the time, the CBN said the action was necessitated by several factors, including the need to align the bank’s structure with its functions and objectives and redistribute skills to ensure a more even geographical spread of talent.

It added that it was also in compliance with building regulations, as indicated by repeated warnings from the facility manager, and the findings and recommendations of the Committee on Decongestion of the CBN Head Office.

A memo issued to staff read, “This is to notify all staff members at the CBN Head Office that we have initiated a decongestion action plan designed to optimise the operational environment of the Bank.

“This initiative aims to ensure compliance with building safety standards and enhance the efficient utilisation of our office space”.

Efforts to get the reaction of the bank’s Director of Corporate Communication, Hakama Sidi Ali, was not successful as she did not pick up her call or respond to the text messages to her line.

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Food shortage in Southwest will be calamitous– Yoruba Group

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Last Updated on June 16, 2024 by Fellow Press

A Yoruba socio-political group, Yoruba Commitment Forum (YCF) has raised an alarm about the looming food shortage in the South West region of the country.

The group said, though, the impending food insecurity is a national crisis, stressing that its impact on Yorubaland is going to be calamitous.

This was contained in a statement jointly signed by Otunba Hon Tayo Onayemi, Barr. Akeem Aponmade, Barr. Femi Mokikan, Otunba Niyi Sodiya, Mrs. Buky Tunde Oshunrinde and Mrs. Sola Maja, and made available to newsmen in Abeokuta, Ogun State capital.

The YCF attributed the looming food shortage to the invasion and destruction of farmlands by rampaging Fulani herders.

The group, while calling for adequate security of farmers and their farmlands, equally appealed to the federal government to adequately compensate whose farmlands were destroyed and as well give them financial incentives, to encourage them to go back to farm.

The statement titled, “Nigeria’s headaches, food insecurity in Yorubaland”, read, “we have observed that for about seven years now, Fulani herdsmen have been engaging in a relentless destruction of farmlands and settlements in Yorubaland. These criminal Fulani elements resorted to kidnapping, raping, maiming and killing of farmers and Yoruba sons and daughters.

“Neither the governments at any level, nor Fulani herdsmen’s apologists would claim ignorance of the atrocious activities of these ruthless people. Video recordings of their wicked actions suffuse the internet. The end result is that farmers began to be scared off their farms gradually until now when farms have been completely abandoned.

“When this started years ago, foresighted individuals raised concerns; they warned about the potential danger of food insecurity beginning with rising food prices and the need to ensure a stable food supply. It appears that Southwest was deliberately targeted and the invasion of our farmlands was the execution of a conscious plan to starve our people to death.

“We, the Yoruba Nation agitators, cried out for help against the brazen onslaught, but none came from the federal government led by a Fulani man.

“Unfortunately, the hens have now come home to roost as the consequences of our action, and inaction, are now here for real with food shortages and very high prices making it increasingly difficult for our people to access the basic necessity of food.

“Before the current situation spirals out of control, we hasten to inform the government that there is no alternative to large scale farming which Fulani herdsmen have destroyed by waging a war against farmers. Subsistence farming through the backyards, as good as it is, cannot serve the purpose of assuring any people of food security. Farmlands in the South West must be made very safe.

“We state emphatically that the situation whereby a basket of tomatoes is sold for #4000 in the North while the same is sold in Yorubaland for #150,000 is callous, ruthless and unacceptable to us.

We also call for assistance to use cheaper rail transport among others to assist our market men and women. Other regions do this, why not here in Yorubaland?

“Secondly, governments must incentivise farmers whose investments have been destroyed during the war of attrition waged against them by Fulani terrorists. Without government’s financial assistance, there is no way most farmers will be able to go back to farming, even if security of their lives and new investments are assured”, the statement concluded.

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After 25 years, Nigerians yet to enjoy dividends of democracy — Northern Groups

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Last Updated on June 15, 2024 by Fellow Press

The Coalition of Northern Groups (CNG) has called for sober reflection on Nigeria’s democracy and democratisation process as Nigeria marks 2024 Democracy Day and 25 years of unbroken democracy.

The CNG, in a statement by its national coordinator, Jamilu Aliyu Charanchi, a copy of which was made available to journalists in Abuja on Friday, claimed that democracy as it is being practised in Nigeria has failed to provide its dividends to the people after two and a half decades of its practise.

The pro-northern groups contended that despite the nation’s richness in natural and human resources, Nigerians continue to suffer from abject poverty and economic instability, which were not recorded even during military dictatorships.

It said that it is important to note that the National Bureau of Statistics (NBS) reported that the poverty rate in Nigeria stands at an alarming 63%, with over 133 million Nigerians living in multidimensional poverty.

“Similarly, the NBS disclosed that unemployment has reached a stunning 33.3% in the country, while youth unemployment is at an unprecedented over 50%, leaving young Nigerians devoid of decent jobs or sustainable means of livelihood.

“In the same vein, before returning to democracy, Nigeria’s inflation was just 10%, while now in a free democratic setting, inflation has risen to an all-time high of 33.69%, depleting people’s purchasing power and weakening their standard of living; whereas interest rate has sharply risen from 6.05% in 1999 to 26.25% in 2024, suggesting tighter monetary policy in the midst of high inflation and economic challenges.

“It is on record that the number of out-of-school children has increased from 7.4 million in 1999 to 18.5 million in 2024, highlighting a severe decline in educational accessibility over the past 25 years of our democratic engagements.

“Disgustingly, job racketeering to the highest bidder, inflating contracts, and kickback collection by political elites and senior civil servants have irrevocably decayed our civil service at all levels, resulting in the destruction of the fabric of Nigeria as a country with a lot of potential,” it said.

The CNG argued that these economic challenges are a direct result of years of mismanagement, corruption, and lack of genuine commitment to the development of the Nigerian economy by those who have sworn by the holy scriptures to promote good governance.

It said that unfortunately, over the years, the Nigerian economy has been bastardized and surrendered to the Bretton Wood institutions of the IMF and World Bank through the removal of subsidies in healthcare, education, energy, etc, adding that consequently, unpatriotic leaders and capitalist-backed technocrats who continued to propagate a free-market economy devoid of government interventions suddenly lose their voices and relevance.

It noted that the minimum wage has drastically decreased in value from the equivalent of $195 in 1981 to only $21.22 today, indicating a substantial erosion of purchasing power and economic hardship for low-income workers.

It also noted that fuel prices have seen a dramatic increase from N20 per liter in 1999 to N701.24 per liter in 2024, reflecting severe inflation and apparent antipeople economic policies from the beneficiaries of democracy since 1999, adding that diesel prices have surged to N1415.06 in 2024, which is significantly higher than in 1999, indicating a steep rise in energy costs.

“It is evident, therefore, that democracy in Nigeria only works for politicians and senior civil servants, while Nigerians continue to languish in poverty and misery.

“Suffice it to say that politicians, senior civil servants, and top defense and security heads have not only cornered the country to serve them but also are deploying their amassed wealth to restrict the dividends of democracy in Nigeria.

“It is regrettable that under democratic dispensation, destitution and pauperization have been deliberately entrenched in Nigeria due to the relegation of our economic planning and strategies to the dictates of capitalist, neoliberal, racist, and imperial institutions such as the World Bank and the International Monetary Fund (IMF).

“The CNG observed that the exchange rate of our Naira against the US dollar has depreciated drastically from N84.70 in 1999 to N1,479.69 in 2024, pointing to severe devaluation of the currency; public debt has escalated from around N3 trillion in 1999 to N97.34 trillion in 2024, highlighting a significant increase in the country’s borrowing and debt burden.

“Also, prior to our return to democracy in 1999, oil production has decreased from 2.21 million barrels per day (bpd) to 1.28 million bpd in 2024, indicating a decline in one of our major source of revenue.

“Tragically, according to the United Nations, over 35,000 have been killed in the North East insurgency under the watchful eyes of the leaders that claim to promote democracy. In the same vein, Global Observatory said about 15,000 have been killed in the North West alone.

“Additionally, millions of people, including women and children, have been rendered internally displaced persons (IDPs). This unprecedented catastrophe has been normalized in Nigeria’s democracy,” it said.

The CNG said it is rather despicable that our democracy in Nigeria has been hijacked by a select few who prioritize their personal gain over the collective good of the nation, noting that corruption is endemic, and accountability is almost non-existent, deeply entrenched in our political system.

“As we observe this Democracy Day, the CNG calls on all Nigerians to reflect on the state of our nation and question the effectiveness of our democratic system. It is evident that democracy, in its current form, has failed to deliver on its promises of development, security, and prosperity for all Nigerians, as only a select few politicians and senior civil servants amass questionable wealth while bequeathing depravity to the masses.

“Therefore, as Nigeria marks 25 years of continuous democratic sojourn, we must engage in a candid reflection to domesticate this democracy or design a system that aligns with our tradition, culture, and history, which is capable of providing security, promoting economic development, and fostering true people’s participation,” it said.

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