News

NLC rejects CBN’s cybersecurity levy, demands immediate reversal

Published

2 weeks ago

May 8, 2024

Advocate News Nigeria

We’re not after your job, implement our agreements, NLC replies Tinubu

NLC President, Joe Ajaero

The Nigeria Labour Congress (NLC) has rejected the recent directive by the Central Bank of Nigeria (CBN) of 0.5 (0.005) per cent Cybersecurity Levy on electronic transfers.

Mr Joe Ajaero, NLC President disclosed the NLC position in a statement made available to newsmen on Tuesday in Abuja.

Ajaero was reacting to a recent circular issued by the CBN, mandating banks and payment service operators to effect the deductions, effective in two weeks.

The CBN has said that the move, ‘ostensibly aimed at bolstering cybersecurity measures, threatens to exacerbate the financial strain already faced by the populace’.

Ajaero said the NLC vehemently condemned the directives and therefore called for immediate stoppage and reversal of the policy.

According to him, this levy, to be implemented by deduction at the transaction origination, is yet another burden on the shoulders of hardworking Nigerians.

“The Nigeria Labour Congress recognises the importance of cybersecurity in today’s digital age.

“However, imposing such a levy on electronic transactions, without due consideration for its implications on workers and the vulnerable segments of society, is unjustifiable.

“This levy stands as another tax too much for Nigerians, burdening them with additional financial responsibilities.

“We see in this levy as another gang up by the ruling elite to continue its extortion and exploitation of hapless and helpless workers and the masses,”he said.

He noted that while the CBN had exempted interbank transfers and loans transactions from the levy, the broader impact on everyday transactions would not be overlooked.

He added that such deductions directly affect the disposable income of workers and further diminish the purchasing power of the common citizen.

The NLC president also noted that domestic manufacturers and other businesses were already shuttering as a result of the stifling socioeconomic environment.

He added that, yet, instead of creating a business-friendly environment to encourage greater investments in the economy, the opposite seems to be what is being practised.

Ajaero therefore, called on the Federal Government to reconsider the directives and prioritise policies that alleviate the financial burdens of Nigerians.

“We urge a collaborative approach between the government, regulatory bodies, and stakeholders to develop sustainable cybersecurity measures that do not unduly burden the populace.

“We reiterate our commitment to championing the rights and welfare of Nigerian workers and masses,”he said. (NAN)

News

Alleged N6bn laundering: Fidelity bank staff testifies against Mompha

Published

3 hours ago

May 20, 2024

Advocate News Nigeria

A Fidelity Bank compliance officer, Mr Ezekoli Ozoemenam, on Monday testified against a social media celebrity, Ismaila Mustapha (alias Mompha) charged with six billion Naira money laundering.

Ozoemenam, the fourth prosecution witness, was led in evidence by the Economic and Financial Crimes Commission (EFCC) counsel, Mr Suleiman Suleiman.

The witness testified about the package of an account of the bank allegedly linked to Mompha.

The witness said that EFCC requested the account’s opening package and he responded to it.

“This is the Fidelity Bank opening package of the account that I sent to EFCC.

“It was printed from a perfectly working computer,” he said.

The prosecution, thereafter, tendered the document and prayed the court to admit it in evidence.

Defence counsel, Mr Kolawole Salami, told the court that he reserved his objection to the tendering of the document in evidence.

During cross-examination of the witness, Salami asked the witness whether he knew the branch of the bank in which the account was opened.

Salami also asked the witness if he was working at the bank’s headquarters at the time the account was opened in 2016.

The witness replied in the negative, adding that he was not at the headquarters.

“As at the time the account was opened, I was not at the headquarters.

“I was part of the internal control, and I moved from branch to branch, but I cannot remember which branch I was at, when the account was opened.

“Anomalies in bank accounts are reported to the Nigerian Financial Intelligence Unit (NFIU) and not EFCC but I do not know if the account was ever reported to NFIU.

“I cannot speak to the nature of the transactions conducted through the account as I am not the relationship manager,” the witness said.

Counsel to EFCC, thereafter, appealed to the court for a witness summons to compel appearance of EFCC’s next witness.

The counsel said that he needed the witness summons because the witness complained of feeling unsafe and receiving threats to his life.

Justice Mojisola Dada, however, said that it was the duty of prosecution to ensure appearance of its witnesses in court.

Dada said: “There is no special cause placed before the court to warrant a witness summons.

“I do not know what position he is occupying that will make him feel threatened.

“If EFCC cannot secure his protection, how does a witness summons guarantee his protection?” the judge asked.

Mompha is currently at large. His trial in absentia started on June 3, 2023 when a compliance officer with Access Bank testified against him.

The court, on Sept. 21 2022, ordered commencement of Mompha’s trial in absentia after he failed to appear before it severally.

EFCC had, on Jan. 22, 2022, arraigned Mustapha alongside his company, Ismalob Global Investment Ltd., on eight counts bordering on six billion Naira laundering.

The court, on June 22, 2022, issued a bench warrant for his arrest following his absence in court.

The court also revoked bail it granted the defendant.

The social media celebrity was equally absent in court on June 26, 2022.

On July 10, EFCC accused him of flouting the court’s order by travelling to Dubai with a new international passport.

The charges against Mompha include conspiracy to launder money obtained through unlawful activities and laundering of money obtained through unlawful activities.

The others are retention of proceeds of criminal conduct, use of property derived from an unlawful act, possession of a document containing false pretences, and failure to disclose assets.

The judge adjourned the case until July 1 for continuation of trial.

News

Lagos seals 840 event centres over safety violations in one year

Published

4 hours ago

May 20, 2024

Advocate News Nigeria

Over 840 event centres and social facilities in Lagos state have been shut down in the last one year, over safety infractions and non-compliance with extant laws.

The commissioner for special duties and intergovernmental relations, Gbenga Oyerinde, during the ministerial press briefing to mark Governor Babajide Sanwo-Olu’s first year in the second term, said the ministry is working in line with the THEMES Plus agenda to mitigate risks and protect life and property.

According to him, the Lagos State Safety Commission carried out enforcement action at 840 facilities, including event centres, clubs, lounges and hotels, and construction sites for safety infractions. He added that about 7,819 facilities were inspected to ensure safety, and another 5,220 were issued with fire safety compliance certificates.

The commission also carried out about 365 environmental safety advocacy initiatives.

The commissioner also said the Fire and Rescue Service rescued 376 victims during the period under review. Property worth N152.22 billion was preserved, with 82 casualties and N25.37 billion in property lost.

He added: “In line with efforts to bolster infrastructure, three new fire stations are nearing completion in Ijegun-Egba, Satellite Town, and Ijede, while an ultramodern workshop at the Alausa headquarters is nearly finished to cater to the agency’s fleet maintenance needs.

“Additionally, land spaces have been identified for the development of additional fire stations in Ibeju, Lekki, and Ifako Ijaiye.

“The Fire and Rescue Service is also sustaining its focus on enhancing fire mitigation and emergency response strategies, aligning with the THEMES Plus Agenda. Key statistics from the year’s emergency calls show 2,537 incidents, including 1,627 fire calls, 191 rescue calls, 93 salvage calls, and four explosions, alongside 607 false alarms.

“This highlights the critical need for increased awareness of fire safety measures to combat the impact of negligence and non-compliance with safety codes.”

Also during the year under review, he said the welfare of personnel received a boost, with special allowances approved for firefighters, including uniform maintenance, shift allowances, hazard allowance, and provision of personal protective equipment.

News

Bandits spotted flying drone at unknown location

Published

4 hours ago

May 20, 2024

Advocate News Nigeria

Bandits spotted flying drone at unknown location

The bandits operating the drone

A group of bandits has demonstrated skills and expertise on drone operation.

In a video posted by ZagazOla Makama, a counter-insurgency expert, at least five bandits were seen sitting on the floor.

One of bandits was seen operating a drone while the others watched it navigate through the air.

Laughing and excited as the operator maneuvered the device, one of the bandits could be heard saying, “There is something that holds it (the drone) there in the air.”

Later they spoke in chorus, albeit in a manner that appeared to reveal their utter conviction and satisfaction with the display.

The video, however, elicited reactions from X Users, who expressed a wide range of opinions, with many raising concern about the level of insecurity in the country.

An X Use, @angel_abaji, said: “This is very bad to the fight against bandits.”

@realadnantweet: “There’s is conspiracy theories behind kidnapping & banditry in Northern Nigeria.

Rumour is going round that those criminal elements are being sponsored by the powerful men in order to divert the public attention from the illegal mining of rich mineral deposits in those regions.”

@mr_stitch01: “This is because they are sponsored by high profile rich elites.”

@igwedip: “How are they even getting these drones??”

@Godmvde: “Bokoharam members have long been using drones to track the movement of Nigerian soldiers, this isnt news. The Nigerian terrorism industry will keep on growing as long as it keeps getting its needed financial, logistical and military support from the government.”

@Aminpac: “How sure are we these ones are Bandits?”

@oil_shaeikh: “How did you just profile them as bandits?
Please explain.
Or has any nomad in the bush turned into bandit?”

@carliid: “Now the government may try to ban or seriously regulate use of drones instead of coming up with more sophisticated means of tracking them. We really need to wake up.”

@legenduryjrini: “The Army should be the ones using drones just like the war in Ukrainian, But in my country is the other way round, Is it a crime to be a Nigerian, There was peace in the country just like Ghana, They should share the country for God sake.”

@Gracepikin001: “This is because they are being coached and integrated by other external extremes, they are having constant contacts with other groups that have used and experimented with drone surveillance. This is a big problem for the military as they will be spotted before hand.” (Daily Trust)