news
EXPOSED! The many states that are against N30,000 as minimum wage
THE country is at present sitting on industrial powder keg over the N30, 000 new national minimum wage recommended by the Tripartite members of the National Minimum Wage Committee.
No sooner had information leaked out that the committee had concluded its assignment and report ready to be sent to President Muhammadu Buhari who inaugurated the committee on November 2017, than the Minister of Labour and Employment, Dr Chris Ngige, after the Federal Executive Council, FEC, meeting of October 10, 2018, debunked the claim that the committee was yet to arrive at a consensus figure to be recommended to the Federal Government as the new national minimum wage.
Recall that the committee was inaugurated sequel to unending pressure by Organised Labour from 2016 following the expiration of the subsisting N18,000 national minimum wage which came into effect in 2011. According to Ngige, among others, “negotiations are still on-going in light of the fact that at the last meeting, the figures submitted by the constituencies that make up the Committee are as follows: state governments, N20,000; federal government N24,000; organised private sector N24,000; organized labour, N30,000.” But the organized labour insisted that negotiations had been concluded and that in the traditions of social dialogue, spirit of tripartism and collective bargaining, the committee negotiated, deliberated, and consulted widely before arriving at the figure of N30, 000 by consensus. in response, organised labour warned that it would no longer enter into any fresh negotiations with government over the issue of a new minimum wage, informing that if government failed to implement the N30,000 recommended, it would from November 6, begin a nationwide indefinite strike Meanwhile, it was gathered that in the course of the work of the committee, it received memoranda and inputs from 21 state governments, specialised agencies of the Federal Government, Organised Private Sector, Organised Labour and the general public.
According to a source, it received memoranda from Delta, Abia, Adamawa, Imo, Akwa Ibom, Bauchi, Ekiti (which said it was consulting), Enugu, Gombe, Jigawa, Kano, Katsina, Kogi, Lagos, Nasarawa, Ondo, Oyo, Plateau, Taraba, FCT, and Borno States. Aside from memoranda, oral submissions were taken, on which robust debates were held and analysed. To complement these, hearings were held in the six geo-political zones of the country.
In order to arrive at a realistic and doable figure, studies /research were done on the cost of living index, etc. Unwilling govs From the submissions of the governors to the committee, the states that are opposed to the N30,000 minimum wage are not hidden. In fact, what the governors have done is to adpot the submission of Ondo State which is the second lowest figure besides Taraba State. From checks, it was found out that Kano with the biggest work force and a monthly wage bill of N9, 200,000.000, offered to pay N30,600.
Other states similarly, agreed to pay as follows: Adamawa, N23,000; Taraba, N20,000; Imo, not specific; Plateau, N25,000, N30,0000, & N57,0000; AkwaIbom, not specific, Bauchi, N25 200; Abia, N42,000; Ekiti, still consulting; Gombe, N28,000; Jigawa, N32,000; Kogi, not specific; Katsina, not specific; Ondo, N22,000; Lagos, will be bound by Southern State Governors Forum; Oyo, not specific; Nasarawa, N24,750, N31, 348.30; Enugu, will implement anything agreed; Delta, cannot accommodate an increase for now on present Federal Government allocation; Borno, N27,000. Investigation revealed that at the October 4th and 5th, after a two day warning strike between September 27 and 28; “and in the spirit of give and take, the members mutually agreed at the figure of N30,000 which was not favourable to any party. It was concluded with a promise that the members would come together on an appointed date to sign and submit the report to President Buhari
“It is important to explain that preceding the arrival at the N30,000 figure, the Committee relying on evidence-based approach, debated the four scenarios submitted by the Figures Sub-Committee chaired by Dr. Ngige as follows: Scenario One yielded an average of N38,508.18, median of N42,032, and mode of N36,000; Scenario Two yielded an average of N36,522.18, median of N45,000 and mode of N50,000; Scenario Three yielded an average of N37,000; Scenario Four yielded an average of N35,000.
More than ₦3 billion was targeted, but about ₦677 million reached the culprits, with recovery and prosecutions underway, reflecting how banks are responding to more sophisticated fraud risks.
Nigeria’s expanding digital banking sector is facing increasingly sophisticated fraud attempts, as financial institutions adapt to faster transactions and broader online services.
A recent case involving First City Monument Bank (FCMB), linked to fraudulent activity detected in December 2025, has drawn attention to how banks are responding to such incidents, with a focus on limiting exposure, recovering funds and working with law enforcement.
According to findings referenced in proceedings before the Lagos State Special Offences Court, the incident involved unauthorised transactions tied to a digital product. Early reports erroneously suggested more than ₦3 billion was lost. Subsequent clarification shows that over ₦3 billion was targeted, ₦2.4 billion was blocked and recovered, while ₦677 million got into the possession of the culprits. This outcome reflects the bank’s cyber security and monitoring capabilities, as well as improved collaboration among regulated financial institutions and with law enforcement agencies. Several suspects and beneficiaries have been apprehended, while recovery and prosecution efforts are ongoing, led by the Economic and Financial Crimes Commission (EFCC).
Proceedings at the Lagos State Special Offences Court have resulted in convictions, including that of a repeat offender, with restitution orders issued. Related matters are also being handled at the Federal High Court in Lagos, where additional suspects are being tried in connection with the scheme. This process is aimed at ensuring that bad actors are identified and permanently blacklisted from the financial system.
Authorities say recovery efforts are continuing as additional funds are traced.
Analysts note that the pace of legal action reflects closer coordination between financial institutions and enforcement agencies in addressing cyber-related financial crime.
The case comes as banks contend with more complex fraud methods, including social engineering and automated exploitation of system processes.
As digital products and platforms expand, so too does the risk associated with cyber-crime and related fraud.
“The scale of digital banking means risks are evolving alongside the systems,” said a Lagos-based financial analyst. “Institutions are now judged by how they manage these events.”
Observers say the sector is moving toward a stronger focus on response and recovery, rather than prevention alone.
This includes improving monitoring capabilities, strengthening transaction controls and enhancing collaboration with regulators and law enforcement. The FCMB case, with limited exposure relative to the amount targeted and ongoing recovery, reflects that shift.
For customers, the primary concern is the safety of their funds. In this case, there has been no indication of losses affecting customer deposits. Maintaining that level of protection remains central to sustaining trust in the financial system.
Nigeria’s financial sector continues to grow, supported by digital innovation and expanding access to banking services.
However, analysts say fraud attempts are likely to persist as systems become more complex and interconnected.
They say institutions will increasingly be judged not only on their ability to prevent incidents, but on how effectively they respond and recover when they occur.
news
Ex-APC Deputy Guber flag bearer, Joshua MacIver backs Tinubu, express fears over implosion in Bayelsa APC
….congratulates new State Party Chairman, Warman Ogoriba
APC Deputy Governorship Candidate in the 2023 general elections in Bayelsa State, Great Joshua MacIver has declared his total commitment to the re-election of President Bola Tinubu come 2027, declaring that the Tinubu re-election project is non-negotiable.
Great Joshua MacIver, in his statement titled ” BAYELSA APC CONGRESSES: GOING FORWARD, A CALL TO LOOK INWARDS” and made available to newsmen in Yenagoa, warned APC leaders in the state to look Inward and take note of certain factors which may hinder or cut short our victory.
According to Great Joshua MacIver, such noticeable pitfalls include the imbalance in the united front being put up by the State Governor,Senator Douye Diri among various political blocs in the state.
In the statement issued at the weekend. Great Joshua MacIver stated that “First, before His Excellency, Senator Douye Diri, joined the APC in the state, there were clearly two political blocs that made up the party, with the approximate population ratios of the blocs standing at 95% to 5%.”
“After the entrance of His Excellency, Senator Douye Diri, ONLY THE SMALLER BLOC IS BEING CARRIED ALONG IN THE AFFAIRS OF THE PARTY, leaving the greater percentage to their fate, and this situation has the potential to build anger and dissatisfaction in our dear party.”
” The consequence of this has been the high level defection we have witnessed in the party recently and we believe more may likely follow, if we do not put our house in order.”
” If we do not pull together as a party, we may witness a situation where we will lose key stakeholders, especially after the State and National Assembly Primaries as well the Gubernatorial Primaries.”
“Finally, while it is very clear that we are the party to beat in the 2027 elections and that our loyalty to Mr. President IS NON-NEGOTIABLE, we must make haste to say that we cannot afford to create situations or loopholes in our unity which will be exploited by other political interests in the state. We cannot afford to under-rate anyone.”
“Our core interest remains the re-election of Mr. President, a project to which we have committed our all. We also pledge our total loyalty to the party as we have no alternative to the APC. However, our concern is that we must, as a party, look inwards and ensure that we do not create loopholes that can impede our common goal.”
Great Joshua MacIver, however congratulated the newly elected State Executives of the APC in Bayelsà State led by Hon. Warman Ogoriba, saying their emergence is welcomed at this critical time in our national history.
At least 23 people were killed in a series of suspected suicide bombings, police in Nigeria’s northeastern city of Maiduguri said on Tuesday.
https://www.stanbicibtcbank.com/nigeriabank/personal/products-and-services/all-loans/stanbic-ibtc-mreif-home-loans
More than 100 other people were injured in the blasts that took place on Monday evening in the capital of Nigeria’s restive Borno state.
No group has claimed responsibility for the suspected attacks.
The deadly blasts come after a military post was attacked overnight Sunday to Monday, which authorities blamed on suspected Islamist militants.
This sad incident is coming barely two weeks after Primate Elijah Ayodele, the Leader of INRI Evangelical Spiritual Church specifically warned against attacks in some states. He mentioned these states while calling on security operatives to pay close attention to them.
These were his words:
“Another attack is coming up in these following states where the military must watch carefully and intelligently; Kano, Kaduna, Zamfara, Kebbi, Niger, Borno, Kwara and Kogi state. They want to do a deadly attack, it’s preventable but it depends on how they will handle it. I have told you about the danger coming up.”
@primateayodele
Unfortunately, some of our military agencies don’t believe spiritual intelligence can save the country from so much danger hence, their neglect of this prophetic warning but now, it has been fulfilled with the miliary losing credibility by the day while Primate Ayodele continues to gain momentum.
Likewise, At least 26 passengers and crew sustained varying degrees of injuries on Monday following an accident involving the Kaduna–Abuja train, according to the Nigerian Railway Corporation (NRC).
Opeifa explained that the train departed Rigasa in Kaduna at 7:15 a.m. and was approaching Asham station around 9:16 a.m. when a loud bang was heard after the power car and trailing locomotive collided with one of the passenger coaches.
In July 2025, Primate Ayodele asked nigerians to pray not to see train mishap on the Kaduna-Abuja route.
@primateayodele #nigeriantiktok🇳🇬 #fulfillment #train #abuja #primateayodele
“Let’s pray not to see train mishap in Abuja-Kaduna, Kaduna-Abuja route.”
This has also been fulfilled.
-
society7 months agoReligion: Africa’s Oldest Weapon of Enslavement and the Forgotten Truth
-
news4 months agoWHO REALLY OWNS MONIEPOINT? The $290 Million Deal That Sold Nigeria’s Top Fintech to Foreign Interests
-
society6 months ago“You Are Never Without Help” – Pastor Gebhardt Berndt Inspires Hope Through Empower Church (Video)
-
celebrity radar - gossips2 months agoDr. Chris Okafor Returns with Power and Fire of the Spirit -Mounts Grace Nation Altar with Fresh Anointing and Restoration Grace on February 1, 2026
You must be logged in to post a comment Login
You must log in to post a comment.