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MAY DAY: LAGOS HAS ENJOYED FOUR YEARS OF SUSTAINED INDUSTRIAL HARMONY- AMBODE

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…Thanks Labour Unions For Cooperation, Support

…Ambode, One OF Nigeria’s Most Labour-Friendly Governors, Says Labour Leaders

Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday joined thousands of workers to commemorate the 2019 edition of the May Day celebration, commending labour unions for their understanding and cooperation in the last four years that ensured the State did not witness any industrial action.

Governor Ambode, who spoke at the May Day Rally, held at the Agege Stadium, Lagos with the theme, “Another 100 Years of Jobs, Dignity and Social Justice in Nigeria”, attributed the industrial harmony and peace in the State to the maturity and cooperation of the labour unions, applauded them for adopting alternative dispute resolution mechanisms rather than resort to industrial actions.

Represented by the Commissioner for Physical Planning and Urban Development, Mr. Rotimi Ogunleye, the Governor said his administration since inception in May 2015, prioritised workers welfare and worked closely with union leaders to address policy and infrastructural issues, which according to him were the bane of effectiveness and efficiency of workers in the State.

“Having devoted myself to these objectives for the past four years and, having worked with you all, I am glad to say that it has been a pleasure to be your partner on this journey. I am proud of what we have accomplished together, and I am grateful for the cooperation and support that you have given me.

“Indeed, I am pleased that together, we have given the people of Lagos State four productive years of sustained industrial harmony. This is, perhaps, the longest period of such in the modern history of our State and this was made possible by the culture of mutual respect and understanding we nurtured and deployed.

“The culture of openness, mutual respect and frank discussions that marked our relationship with labour and the resulting period of industrial harmony allowed the government to initiate and implement programmes and policies that have resulted in immediate and long-lasting tangible values to the workers, the State government, and the good people of Lagos State,” the Governor said.

The Governor said aside regular trainings and seminars that workers in the State were exposed to, the State Government embarked on a successful campaign of reorientation in the public service to enable workers embrace the Growth Mindset in place of the hitherto limiting Fixed Mindset that pervaded the public service.

He said that conscious efforts was also made by his administration to meet the pension obligations and reduce outstanding payments, while expanding programmes geared towards providing social safety nets to the aged and retired officers of the public service.

“Very importantly, our administration concluded the review of the State’s pension law by signing the amended Lagos State Pension Reform Law in the first quarter of Year 2019.  This amendment, among others, increased the government’s pension contribution from 7.5 per cent to 10 per cent. This is a legacy that we are proud to bequeath to the hardworking officers of the Lagos State Public Service,” the Governor said. 

Noting that the theme of this year’s celebration was apt and projecting into the future ahead, Governor Ambode said he was confident that the labour union movement in Nigeria was marching forward with optimism and clear focus on the fundamental values and pillars of the labour movement.

“Indeed, the labour movement in Nigeria has come a long way and yet it remains on the right path, focusing on the values that are of utmost importance to the society and the economy.

“This theme is in line with the Federal Government’s focus on job creation, promoting entrepreneurship and creating an enabling environment for businesses to thrive. Jobs are important because they create further wealth and provide the purchasing power that enables the producers of wealth to continue to produce wealth and value.

“Dignity for workers is essential because it rewards those who diligently and laboriously apply themselves to the everyday work of creating value and earning a living with respect and social recognition. Finally, social justice is the only recipe for true peace and harmony in any society,” he said.

Besides, the Governor urged all stakeholders to see the occasion as a time to rededicate to job creation, stable work place, equality of all workers, dignity in labour and social justice, adding that the society must begin to honour, respect, and reward labour and not wealth.

In his remarks, Chairman, Trade Union Congress (TUC), Lagos State Chapter, Comrade Francis Ogunremi commended Governor Ambode for his commitment to workers welfare in the last four years especially in areas of prompt payment of salary, allowances and timely remittance of workers’ pensions, describing him as one of the most labour-friendly Governors.

He also lauded the various initiatives of the Governor in key sectors including massive road projects, solving traffic challenges especially launching of Traffic Information System, repositioning of State Emergency Agency, scaling up security architecture of the State, construction of Safety Arena, Health Insurance Scheme, among others.

Also speaking, Lagos State Chairman of Nigeria Labour Congress (NLC), Comrade Sessi Agnes Funmi commended Governor Ambode for his excellent performance, saying the efforts made so far by the Governor remained a challenge for other State Governors to strive harder to achieve.

She, however, warned the Federal Government to completely drop the idea of increasing the Value Added Tax (VAT) as a means of funding the 2019 budget.

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Agbere Community Chieftaincy: Ekpodowem Abidde Calls For Disqualification of Two Candidates Over Violations

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There is a new twist in the Agbere Amananaowei Contest with one of the contestants Mr. Ekpodowem Abidde writing a letter to the Chairman of The  Electoral Committee of Agbere Community seeking the disqualification of the two other candidates, High Chief Reid Aladei and Chief Julius Torunariagha.

 

According to Abide, the two candidates, High Chief Reid Aladei and Chief Julius Torunariagha, have violated the Electoral Guidlines of Agbere Amananaowei Election, which was duly signed by the chairman Dr Tareala Nikade and  secretary Barrister Dr. Kelvin Enokie Bribena  respectively.

 

The said violated section clearly stated that anyone who is indebted to the community or has a dispute with the community is not eligible to contest for the Stool of Amananaowei of Agbere.

 

A check by our correspondent, showed that item “×” in the electoral guidelines showed clearly that a candidate must not be indebted to the community, while item “xiv” states that a candidate must not be in dispute with the community.

 

Also sighted in page 12, section 2.1.3.2 subsection iii of the Constitution of Agbere Community, It states that a candidate stands inelligible to contest the Agbere Amananaowei Election if he is indebted to the community.

 

Our correspondent spoke to a prominent indegene of Agbere Community, who pleaded anonymity, said the body language of the Chairman of the Electoral Committee showed bias for a particular candidate (name withheld).

 

And he also said the constitution and electoral guidelines are very unambiguous and explicit and expectation is for the Electoral Committee to do the needful and disqualify erring candidates and go ahead to declare Mr. Ekpodowem Abidde as Amananaowei Elect in accordance with section 2.1.4 subsection iii which clearly states “that a candidate for the election to the office shall be deemed to duly elected to such office, where being the only candidate nominated for the election.”

 

Meanwhile, a peace committee has been instituted and it is led by High Chief Ebikiri Akpolor, ” the peace committee is working to resolve all the grievances leading to the suspension of the Electoral Processes.”

 

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Fidelity Bank: Strong, reliable, built for the future

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Fidelity Bank Supports Improved Maternal Health in Lagos

Fidelity Bank Plc continues to shine as a beacon of strength, reliability, and resilience in Nigeria’s dynamic banking industry.

With a track record of delivering outstanding performance and exceeding expectations, the bank has further cemented its place among the country’s most trusted financial institutions.

In its recently released Audited Financial Statements for the 2024 financial year, Fidelity Bank posted an extraordinary 210% growth in Profit Before Tax (PBT) to ₦385.2 billion, while Profit After Tax surged by 179.6% to ₦278.1 billion. These record-breaking numbers reflect not only impressive growth but a deep-rooted commitment to excellence, even in the face of economic headwinds.

This performance is no fluke. It is backed by deliberate strategy, solid capital structure, and prudent management.

Following its oversubscribed capital raise of ₦175.9 billion in 2024, Fidelity’s Capital Adequacy Ratio (CAR) now stands at a strong 23.5%, giving it more than enough headroom to continue supporting large-scale projects, expanding services, and delivering superior shareholder returns.

Its stock market capitalization has returned to over ₦1 trillion, driven by renewed investor confidence and a 141% share price growth over the past year.

What truly sets Fidelity Bank apart, however, is the solidity of its operations and the quality of service it delivers. From individuals and SMEs to large corporates and government institutions, customers are guaranteed safe, seamless, and efficient banking experiences across every touchpoint.

At the core of Fidelity’s operations is a robust digital banking infrastructure that continues to evolve to meet the needs of a modern, fast-paced economy. Its award-winning Fidelity Mobile App and internet banking platforms offer secure, user-friendly, and feature-rich solutions for customers on the go. With innovations in real-time payments, digital lending, automated investment services, and 24/7 customer support, the bank is redefining convenience and pushing the boundaries of what banking should be.

This digital prowess was recognized with multiple awards in 2024, including “Most Innovative Mobile Banking Application” by Global Business Outlook and “Excellence in Digital Transformation” by BusinessDay BAFI Awards.

Fidelity Bank’s ability to adapt, innovate, and empower is equally evident in its commitment to the MSME sector, which remains the backbone of the Nigerian economy. Through strategic partnerships like the one with SMEDAN, the bank is driving inclusive growth by providing low-interest funding, capacity building, and market access to small businesses across Nigeria and beyond.

With over 9.1 million customers, 255 business offices, and a growing presence in the United Kingdom through FidBank UK Limited, Fidelity Bank is not just keeping pace—it is setting the pace.

As the bank continues to expand its services, scale up its technology, and deepen its market presence, one thing remains clear: Fidelity Bank is built on a solid foundation, powered by visionary leadership, and driven by a commitment to excellence.

In a world where trust, performance, and innovation are everything, Fidelity Bank is the institution that continues to stand tall, serve exceptionally, and soar higher—today, tomorrow, and into the future.

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Accountability Group Petitions National Assembly, Accuses Transport Minister of Selling Railway Assets as Scraps

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Centre Counters SERAP On Increased Budget For National Assembly*

 

A civil society organisation, Alliance for Public Asset Protection and Accountability (APAPA), has petitioned the National Assembly over what it described as a “coordinated and deliberate scheme” to strip the country’s railway system of valuable assets under the guise of scrap sales.

In a detailed petition submitted to Senate and the House of Representatives, the group accused the Minister of Transport, Sa’idu Ahmed Alkali, of conniving with officials of the Railway Property Management Company Limited (RPMCL) and handpicked consultants to unlawfully dispose of railway assets worth billions of naira without proper accountability.

The petition, signed by its president, Dr. Aminu Garba, described the activities of the ministry as a “brazen betrayal of public trust” and called for the immediate sack of the minister.

“We have credible intelligence that the Minister of Transport, in collusion with officials of the Railway Property Management Company Limited (RPMCL), has engaged private consultants to dispose of critical railway infrastructure without transparency or accountability,” the petition reads.

“These so-called consultants are not known to the public service. They were handpicked without competitive bidding, and their sole mission is to oversee the hurried sales of functioning railway equipment labelled falsely as scrap.

“Some of the locomotives and signalling systems being sold were acquired less than a decade ago and are still in good condition. These are not outdated machines — they are valuable assets.

“The buyers are mostly Chinese firms who, in collaboration with insiders, acquire these items at rock-bottom prices and ship them abroad. The Nigerian people gain nothing from these transactions.”

The group alleged that since Alkali’s appointment, the railway sector has recorded no meaningful progress. On the contrary, it said trains frequently break down in remote and dangerous locations, leaving passengers stranded and exposed to security threats.

“Instead of consolidating on the gains recorded under the Muhammadu Buhari administration, particularly in railway modernisation and safety, the current leadership of the Ministry of Transport is singularly focused on self-enrichment and clandestine deals at the expense of national development,” the group noted.

“In the last one year, the rail sector has regressed significantly. Trains now break down mid-journey in the middle of nowhere. There are no new coaches. No investment in safety. No innovation. Only secret asset sales and dubious scrap deals.”

The civic group further alleged that locomotives, steel tracks, signalling equipment, and other high-value railway infrastructure were being sold as scraps to Chinese companies and other private entities without due process or remittance of proceeds into government coffers.

“We find it disturbing that there is no visible reinvestment of proceeds from these so-called scrap sales. The Ministry has failed to provide any financial records showing inflows to the government purse,” the group added.

“Instead of improving rail safety and efficiency, the current administration of the Transport Ministry has made rail travel more dangerous and unreliable. The few trains in operation are poorly maintained and frequently stranded.

“We therefore demand the immediate sack of Minister Sa’idu Ahmed Alkali and a full public inquiry into the activities of the Railway Property Management Company Limited and the consultants involved in these suspicious transactions.”

The group also accused the minister of ignoring existing policies and bypassing the Bureau of Public Procurement (BPP) and Infrastructure Concession Regulatory Commission (ICRC), both of which are statutory agencies responsible for asset disposal and infrastructure concessions.

“This government cannot afford to look the other way while national assets are looted in broad daylight,” Dr. Garba stated.

In a message directed to the leadership of the Senate and House of Representatives, the group urged lawmakers to act swiftly to salvage what is left of Nigeria’s railway sector before it is stripped bare.

The CSO warned that it would mobilise civil society and initiate a nationwide campaign to expose the alleged rot if no action was taken within 30 days.

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