Deduction
Kano NLC suspends planned strike
The organised labour has suspended the three-day warning strike it planned to commence today (Thursday) in Kano over the deduction of workers salary for the month of March by the state government. The NLC Deputy National President, Najeem Yasin, announced the suspension of the strike on Wednesday night at a joint news conference with other labour movement and affiliates in Kano after a meeting with the State government team led by the Head of Civil Service, Hajia Binta Lawan Ahmed. The NLC had last week given a seven-day ultimatum to the state government to refund and stop what it described as “illegal deduction” from civil servant salaries or face industrial action. Similarly, the labour leaders insisted that failure of the government to stop the “unexplained” deduction before the end of ...
Court dismisses case against CBN’s directives on bank charges
The Federal High Court sitting in Abeokuta, Ogun State Capital, has dismissed a suit instituted by a legal practitioner, Olumide Babalola, challenging the Central Bank of Nigeria (CBN) policy on Current Account maintenance Fee contained in the Guide to the Charges by Banks and other financial Institutions of January 2020. Babalola had instituted the action in the name of his law firm, Babalola LP, in which he contended that the policy and guidelines of the CBN violated his fundamental human rights. The CBN, through its Counsel, Adeleke Agbola, of Cheakley Chambers, however challenged the suit on the ground that the plaintiff lacked the legal capacity to institute the suit on a policy that affects the public. In his Notice of Preliminary Objection to the Suit, Agbola had contended that the ...
NNPC declares N13.43 billion trading surplus for November 2020
The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020. This is contained in the November 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru Obateru said the trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue in the period under review. The report indicated that in November, NNPC Group’s operating revenue as compared to October 2020, decreased slightly by 0.02 per cent or N0.09billion to stand at N423.08 billion. Similarly, expenditure for the month decreased by 1...
Kano government reaffirms commitment to minimum wage, says deductions temporary
Kano state government has reaffirmed its commitment to the continuous implementation of the N30,600.00 minimum wage for civil servants. It however said, that deduction in November/December workers’ salary was a temporary measure informed by the drop in federal allocation and dwindling internally generated revenue occasioned by the COVID-19 pandemic. The state commissioner for Information, Malam Muhammad Garba who stated this in a statement, Thursday, indicated that the deduction was necessary to keep the government going in the face of the prevailing economic recession facing the country. “The state government took the measure instead of contemplating on paying half salary or in batches as obtained in other states or layoffs. “Similar temporary measure was taken, including cut in the allow...
Roger Federer hints at withdrawal from French Open after Saturday’s hard won match
Former world one, Roger Federer, was made to go at great lengths to reach the last 16 of a Grand Slam for a record-extending 68th time by Germany’s world number 59 Dominik Koepfer in their battle, which the Swiss won 7-6 (7-5) 6-7 (3-7) 7-6 (7-4) 7-5 in a late-night slugfest at Roland Garros. Although the tennis icon was solid in his opening two matches, with encouraging victories over qualifier Denis Istomin and former US Open champion Marin Cilic, upon his return to Open action after two knee surgeries, he got a tough test of his mettle on Saturday. The 20-time Grand Slam champion knew it was not going to be plain sailing, as newsmen reported him as saying, and he found out just how in the night-session showdown with Germany’s Koepfer. It was tough enough to make Federer admit that, base...