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Nationwide Strike Looms Over N30bn NSITF Fraud

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By Ozioma Ubabukoh

Nigerians should brace for a nationwide strike as workers have bemoaned the Federal Government’s attitude over the N30bn fraud allegedly perpetuated by the last Board of the Nigerian Social Insurance Trust Fund and have threatened to down tools soon.

According to labour unions in the country, the NSITF, set up to bring succour to the working class, has been looted over the years and it has not been able to fulfil the reason for its establishment.

Trouble started for a former Managing Director of the NSITF, Umar Abubakar, and his co-defendants, (some of who are former board members and current staff of the Fund), when a whistle-blower petitioned the Economic and Financial Crimes Commission accusing them of abusing their positions to divert public funds running into billions of naira.

Acting on the petition, EFCC operatives investigated the allegations and it was alleged that between 2012 and 2015, the accused received kickbacks in dollars while discharging their duties “and conspired to divert about N18bn, being contribution from the Federal Government as take-off grants and Employees Compensation Scheme for Ministries, Departments and Agencies.”

The EFCC said the money was diverted into personal accounts by an e-payment mandate. The offence is said to contravene Section 311 of the Penal Code cap 532 LFN (Abuja) 1990 and punishable under Section 312 of the same code.

The United Labour Congress called on the administrative panel of enquiry recently set up by the Ministry of Labour and Employment to conduct a thorough investigation into the alleged looting of the funds, and insisted that the government must bring the culprits to book “or risk a nationwide strike from all the labour unions in the country.”

In a telephone interview with our correspondent on Sunday, the General Secretary, ULC, Didi Adodo, said, “The ULC wishes to state categorically that we support this probe and any other action that the minister will take to sanitise the industry and make the NSITF to fulfil the aims and objectives of its existence.

“Hearing about the rot and the plundering that has taken place in that agency is enough for any right-thinking organisation and comrades to support a major probe that will not only unearth what has taken place, but to also bring the perpetrators to justice.”

The Minister of Labour and Employment, Chris Ngige, in line with a presidential directive, had recently inaugurated all the boards of parastatals under the ministry except that of the NSITF due to the alleged fraud discovered in the agency.

The boards inaugurated by the minister are those of the National Productivity Centre, National Directorate of Employment, and Michael Imoudu National Institute for Labour Studies.

President Muhammadu Buhari had in October 2017 constituted the Board of the NSITF with the former President of the Nigerian Union of Petroleum and Natural Gas Workers, Chief Frank Kokori, as the chairman.

Giving reasons why the board was not inaugurated alongside others, Ngige said he had the consent of the President to stay action on the NSITF board pending the outcome of the administrative panel of enquiry set up by the ministry “to investigate the mindless looting of the agency.”

He urged members of the other boards inaugurated to be accountable in the discharge of their mandates to avoid a repeat of the rot in the NSITF.

Ngige said, “The operations of the various parastatals must strictly conform to financial regulations, especially Section 32 of the Procurement Act. The audited accounts of the parastatals must always be prepared and submitted to the relevant authorities as and when due.

“The NSITF, for example, is reeling from massive looting with no audited accounts for five years. A whooping sum of N5bn was unearthed by an audit panel of enquiry as having been taken out of the NSITF coffers with First Bank in a single day without vouchers.”

The minister added, “Worse still, the organisation maintained no cash book as required by financial regulations. This resulted in massive looting of funds by board members acting in concert with the management staff.

“When we say N5bn was taken in one day, that’s not the only amount missing. Over N30bn cannot be accounted for and the members of the past board participated actively in the looting.”

Adodo, however, said that members of the ULC hoped that after the probe, “the NSITF will be put in proper shape to deliver on its mandate.”

“We call on the government to do a detailed investigation about the fraud in the NSITF and Trustfund, as no stone should be left unturned. These two bodies have workers’ funds, their life savings and, in this era of the fight against corruption, there should be no sacred cow,” he added.

The ULC Deputy President, Igwe Achese, who shared Adodo’s views, demanded to know the roles that the representatives of labour and private sector on the board of the NSITF played in the alleged fraud.

He said, “The probe should be extended to the board members that served in the last tenure and they should be arrested by the Economic and Financial Crimes Commission and relevant security agencies for prosecution. We need to know the roles and actions of all the board members, including representatives of labour when the fraudulent activities took place, as they were supposed to represent workers’ interest.

“If the representatives of labour were involved, Nigerian workers should rise up against the board members for not protecting their hard-earned life savings.”

Members of the Nigeria Labour Congress represented the organised labour on the NSTIF board, but when our correspondent contacted some of them, they declined speaking on the matter.

One of them said, “You know those who represented us on the board. Why not reach out to them.”

Achese said that the board members from the organised labour did not do well in protecting the workers’ savings, “which led to the high magnitude of fraud and embezzlement.”

“Therefore, they should be made to face the wrath of the law,” he added.

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Makinde Ignores Oyomesi’s Rejection, Presents Staff of Office to New Alaafin of Oyo

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Governor of Oyo, Mr. Seyi Makinde, on Monday, presented the staff of office to Abimbola Owoade, the new Alaafin of Oyo.

The presentation of the staff and certificate of recognition took place at the Oyo government house in Ibadan.

The governor presented the official instrument legitimising the reign of a king to the new monarch at the Exco Chamber of the Governor’s Office in Ibadan, the state capital.

The symbolic event was performed nearly three years after the death of the former Alaafin, Lamidi Adeyemi III.

On January 10, Makinde announced Owoade as the new Alaafin of Oyo in a statement by the Oyo commissioner for information and orientation, Dotun Oyelade, quoting the governor as approving Owoade as Alaafin following the recommendations by the Oyomesi (kingmakers).

However, some members of the Oyomesi, a few hours later, rejected the appointment of Owoade as the new Alaafin.

They argued that the occupant of the stool is chosen in compliance with the registered Alaafin of Oyo Chieftaincy Declaration of 1967, not by consultation or divination as stated by Makinde.

The kingmakers in the faction include Yusuf Akinade (Basorun), Wakeel Akindele (Lagunna), Hamzat Yusuf (Akinniku), Wahab Oyetunji, warrant chief standing in for the (Asipa), and Gbadebo Mufutau, warrant chief standing in for (Alapinni).

They added that only the Bashorun, head of the Oyomesi, can convene a meeting to elect an Alaafin, arguing that any meeting convened by Makinde was null and void.

Speaking at the event, the governor said the Alaafin’s stool is important not just to Oyo town but to the Yoruba race as a whole.

The governor maintained that he decided not to meddle in the appointment of the new Alaafin because of his administration’s belief in openness and transparency.

He said, “The Alaafin stool is very important not just to Oyo Town or Oyo State but the entire Yoruba race. So, under my watch, I made it very clear that the stool would not be for sale. It is not a stool for us to toil with.

“I met Prince Owoade for the first time in my life yesterday. I never spoke to him in my entire life until yesterday. I did not know his profile or the profile of any of the princes vying for the stool and it was deliberate, because I did not want my opinion to influence the process.

“Let me say this clearly; when we came in 2019, we had challenges with the traditional institution in Ibadanland and it has been resolved to everybody’s satisfaction.

“When it was time for us to approve the selection of Okere, some people came to me and said ‘This is our friend’. They said one person is APC and I said it does not mean anything to me whether you are PDP or APC. Why should my decision be based on political consideration? So, I approved the selection of the Saki kingmakers.

“I always tell people not to kill themselves over politicians, because we see ourselves in the night. We go to each other’s houses. Politics, electioneering is a game. It’s only when you have been elected, then governance becomes a serious business because you will take decisions that will affect millions of people. So, we will not play politics with governance.

“The Alaafin stool became vacant in 2022. We were moving towards election and people said, you have to approve the appointment of Alaafin, otherwise, Oyo people would not vote for you. I said the people should not vote for me but that I would do what was right and Oyo voted for me massively. Oyo will continue to support me.

“Let me also say briefly that those that are still hell-bent on destabilising the traditional institution in Oyo, the government is not letting down. We will prosecute them. The money they collected; they will still be prosecuted except they go to Kabiyesi. If he forgives them, I will also forgive them.”

While congratulating the new monarch, Governor Makinde prayed that his reign would bring peace and progress to Oyo Town, Oyo State and the Yoruba race.

“The coronation would be in four weeks. From today, we have an Alaafin. I congratulate the Alaafin of Oyoland, His Imperial Majesty, Oba Akeem Abimbola Owoade. I pray that your reign shall bring unity to Yoruba race wherever they may be around the world.

“I pray it would also bring progress and development to Oyoland, Oyo State as well as Yoruba race in general,” Governor Makinde added.

In his response, Alaafin Owoade promised to work for the progress of Oyo Town, Oyo State and Nigeria as well as the development of the people.

He thanked the Governor, the Oyomesi and everyone that worked for his selection and assumption of office as the 46th Alaafin of Oyo.

Earlier in his speech, the Commissioner for Local Government and Chieftaincy Matters, Hon Demola Ojo, lauded the Governor for his determination to ensure that the right processes were followed in the selection of the new Alaafin.
He also thanked those involved in the selection process.

In attendance at the event were the Deputy Governor of Oyo State, Barr. Abdulraheem Bayo Lawal; a former Speaker, Oyo State House of Assembly, Senator Monsurat Sunmonu; member representing Oyo East/Oyo West House of Assembly, Hon. Rahman Olorunpoto; Awise Awo Agbaye, Professor Wande Abimbola and his wife, Iyanifa Ajisebo Abimbola; some members of the Oyomesi as well as traditional rulers in Oyo Kingdom.

Top government functionaries in attendance included the Secretary to the State Government, Prof. Olanike Adeyemo; Chief of Staff to the Governor, Otunba Segun Ogunwuyi; Head of Service, Mrs Olubunmi Oni, mni, and the Permanent Secretary, Ministry of Local Government and Chieftaincy Matters, Mr Joel Ajagbe.

Sources: TheCable and Channels TV

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Viral Video: The Okoya Family Comprises Responsible Citizens

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Many have been baffled about the recent viral video of the Okoya boys, Subomi and Wahab.

The Viral Video was shot privately to promote a song release ‘CREDIT ALERT’.

Looking at their parent’s life trajectories this unfortunate situation doesn’t accurately represent who the boys are.

Their father, an industrial giant is an easy going man whose passion for his trade has seen him dominating the business landscape over the last 65 years, while their mother whom the high society holds in high esteem as the epitome of brain and beauty is a workaholic who has equally inculcated the virtues of hardwork in all her children with a mantra “money doesn’t fall from the trees, you have to work to earn it’.

The ongoing debates surrounding the viral videos of the Okoya boys alleged abuse of the Naira is not necessary. While I quite agree with the authorities on measures being taken to curtail the abuse of Nigeria’s currency and its integrity, this particular scenario is a private video shot immaturely to promote the young boy’s upcoming song, “CREDIT ALERT’’ as the purpose of the video was simply to promote their music in a style emblematic of western music styles and trends, not necessarily to show off or demean Nigerian law enforcement.

They are young adults who have constantly demonstrated their sense of responsibility as citizens of Nigeria and will continue to uphold the law.

No doubt, the Okoya family comprises responsible citizens of the country, who constantly uphold what Nigeria stands for.

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A Requiem for a Trojan, Chief Olabode Emanuel

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By Eric Elezuo

When men pass away, life experiences a definite slow down for as many loved ones as they may have known, but when men like Chief Olabode Emanuel are no more, the entirety of creation is alerted; mourning becomes a case study, and wails as loud as thunder clap are heard from nigh and far. That is because they touched lives indescribably.

That is the story of a titan, who bowed out of a wonderful performance on January 4, 2025, just at the turn of a fresh year, after nine decades of meritorious existence, breaking barriers and churning out one first another another. Bode Emanuel, as he is fondly known, was many things in one package, traversing the world of financial entrepreneurship with ease, and into industrialisation as a construction guru as well as a boardroom wizkid with his glorious spell at UAC’s Grand Cereals, where he retired in 2021.

A proud alumnus of the prestigious St. Gregory’s College, Bode Emanuel is a typical example of he came, he saw and he conquered.

His death as announced by the Old Boys Association of St. Gregory’s College (SGCOBA) though sent shivers down the spines of not a few, was still taken with equanimity and total reverence to the will of Almighty God as a result of the numerous lives his existence touched and turned around. Many hears his name, and smile.

A revered Board of Trustees Member of the institution, the nonagerian, before his demise, was also a Chartered Accountant par excellence, a Fellow of the Institute of Chartered Accountants of England and Wales (ICAEW), and a member of the Institute of Chartered Accountants of Nigeria (ICAN).

The statement announcing his death read: “As a seasoned administrator with vast experience, Chief Emanuel has served as the Chairman of the Board of many local and international corporate organizations.

“These include: BoriniProno & Co. Limited, Trevi Foundations of Nigeria Limited, Foundation Construction Limited, Saipem (Nigeria) Limited, Hogg Robinson Nigeria Limited, and Grand Cereals Limited.

“Aside St Gregory’s College Old Boys Association, he was a board member of, Nigerian Life & Provident Company Limited, Sterling Assurance Company Limited, Macmillan Nigeria Publishers Limited – Publishers of Primary, Secondary and Tertiary Books and Publications in Africa – amongst others. Details on burial arrangements are “to be announced by the family.”

Born on April 20, 1935, Bode Emanuel has either headed or founded several notable business and professional bodies including being a foremost member of the Ikoyi Club, and founding member of the New Partnership for Africa’s Development (NEPAD) Business Group Nigeria, which he rose to become its 4th Chairman in 2022.

Chief Emanuel is survived by a vast array of family members, friends and colleagues, including his beloved wife and confidante, Mrs Anana Bode Emanuel.

The entrepreneur will be sorely missed!

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