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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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Waterfront Summit: KPV Founder Engages Lagos Commissioner on Sustainable Coastal Future

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Prince Adegboyega Adekoya has expressed deep commendation for the Honorable Commissioner for Waterfront Infrastructure Development, Dayo Bush Alebiosu, following a strategic engagement at the recently held Waterfront Summit in Lagos.

Prince Adekoya described the conversation with the Commissioner and key members of the Lagos State Ministry as inspiring and forward thinking, praising Alebiosu’s visionary leadership in championing a sustainable coastal future for Lagos State.

According to Adekoya, the discussions went far beyond infrastructure. They centered on the need for holistic coastal development one that places people, culture, and the long-term continuity of Lagos at the core of every project and policy direction.

He noted that his commitment to this cause is both personal and ancestral.
“It is my prerogative, birthright, and royal duty to safeguard the waters, lands, and shining sands my ancestors protected,” he stated.

Adekoya also emphasized his role as a key stakeholder and founder of KPV Global Network, a thriving community of creatives. He affirmed that the network is strategically positioning the creative sector as a strong driver of Nigeria’s bold moves in global culture, tourism, and creative diplomacy.

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Again, Fayose Makes Scathing Remarks Against Obasanjo Hours After Former President Attended His Birthday

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Former President Olusegun Obasanjo and ex-Ekiti State governor, Ayodele Fayose, on Monday renewed their old enmity, with Fayose raining insults on the 89-year-old ex-president, whom he declared “belongs in the zoo”.

The feud between the duo dates back to the beginning of the Fourth Republic, when Obasanjo was president and Fayose was governor in Ekiti State.

Obasanjo had sent the Economic and Financial Crimes Commission after Fayose over a poultry project embarked upon by Fayose, which Obasanjo declared was fraught with corruption.

The relationship between them has been frosty over the years, with Fayose seizing any chance to lash out at Obasanjo, alleging his Olusegun Obasanjo Presidential Library in Ogun State is a product of corruption.

Fayose repeatedly demanded that Obasanjo return his N10m contribution to the building of the library.

However, in a dramatic twist, ahead of his 65th birthday last week, Fayose had visited Obasanjo in his Ogun home and invited the ex-president to the birthday.

 At the birthday party in Lagos, however, Obasanjo, who was the Special Guest of Honour, recounted how  Fayose had abused him severally in the past without batting an eyelid.

He explained that despite asking for forgiveness from him several times, Fayose would still go ahead to abuse him in a display of arrogance.

 The former President said he was surprised that Fayose would be bold enough to invite him to the birthday.

 Addressing the gathering,  Obasanjo said, ”Some people called me and said that we heard that you are going to attend Fayose’s 65th birthday, have you forgotten how he abused you? But I said that they should not worry, irrespective of his character, he remains one of my children. The Yoruba will say ‘Won kii le omo buburu f’ekun paje’, meaning that you won’t say your child is bad and offer him to a tiger to devour.

 “But you are not the best of my political children, you’re not, but you have made achievements that must not be ignored.”

Obasanjo said, haunted by his past acts, Fayose could not, at first, directly approach him to invite him to his birthday, but instead sent  a former minister, Osita Chidoka, “to come and sound me out.”

“You could not come to me directly because you knew that you had not done so well by me,” Obasanjo said, “‘Bi iwo ba se rere, ara ki o a ya o’. So, I told Osita to tell you that he had delivered the message you sent him to me. You later phoned me and I said that you could come to see me at any time.

“Even at that, you could not come directly to knock at my door; you took precautions, you sent Foluso ahead of you, who came before you, to gauge my feelings and pulse, after which you arrived about an hour later.

“When you came to me, you called your wife, and while on the phone with your wife, I said that the two of you have not done well. Mo ni eyin meejeji kii s’omoluwabi; and your wife completely disarmed me.

“She said, ‘Yes, Baba, you are right, please forgive us,’ and what else can I do? You have asked for forgiveness, and I have forgiven you, but the right lesson must be learned.”

Obasanjo then launched into his past relationship and feud with Fayose.

Quoting Romans 12 vs 15, Obasanjo said the Bible enjoins Christians to “mourn with those who are mourning, while we should also rejoice with those rejoicing.”

He said, “Like I said, that we are here to thank God for his mercy and faithfulness, you must always understand that you’re who you are and where you are by the special grace of God, and so you must always give praise to him.

“I also said that we are here for stock taking, part of what you yourself have said. I knew you, and I was with you because of the initiative you took to give water to the people of Ekiti State at that time; you will remember this vividly. It was this initiative that set you apart and made me fall in love with you.

“I didn’t know you from anywhere before that time; it was S. K. Babalola that I knew and was going to support for the 2003 governorship because of his track record with the Nigerian Union of Teachers.

“However, I later pitched a tent with you and dumped Babalola, who, in any case, was also not a member of our party, PDP, then. You remember that we were at Efon Alaye to campaign, and one of their challenges there was erosion, which we promised to fix, and we fulfilled our promise.

“Ayo, there is a difference between being courageous, being bold and being foolhardy. Courage, boldness and foolhardiness do not go together.

“There is also the virtue of humility, which goes with humility. Humility is one of the virtues that mark out our character in Nigeria, particularly the people of Yoruba land. Integrity is also another virtue. We had a campaign and, by the grace of God, you won the election.

“And when you won, you wanted to do a lot of good things. One of those things was to help the farmers. When you came to me, I said that if you wanted to help the farmers, one of the things you could do is to either subsidise the chicks or the feeds and not that, as a government, you will say you are establishing a poultry farm.

“I said that Gomboro could come, and within the time the memo to buy this and that was still going from the table of one government official to another, the disease would have cleared all the chicks. And you will remember this story, I came to your farm and I saw the chicks that were about two weeks old with their shavings very neat and asked, ‘Ayo, se awon adiye tiyin ki yagbe ni’  (Don’t your own type of chicks excrete?).

“And your brother, Oyinlola, the then governor of Osun State, was telling you right there, ‘I told you that if he (Obasanjo) doesn’t know anything, he knows about poultry’.

 “You also remember that, before this issue about poultry, some came to say that you did not go to Olivet Baptist School, Oyo, but I knew that you went to the school and finished there. We can see those who were your mates and those who were your seniors, so that is unlike some people, who we really don’t know the school that they attended.

“If you remember, you and your wife came to me at Oyinlola’s house and begged for forgiveness for all that you had said to me, and I said that I had forgiven you, but you never stopped. You also came to my house and apologised. I said that I had forgiven you, but you still didn’t stop.

“Ayo, I did not ask you to contribute to my library, or did I? The governors decided, and you joined them. I never begged you for money for anything except when you came last week, on Tuesday.

“I told you that since you will make me abort my trip from Kigali, Rwanda and come back on Saturday when I was supposed to be back on Sunday, you would be the one to pay for that because I can’t be using my retirement money for such.

“But if it will be of interest to you, it was Alhaji Aliko Dangote who sent the plane that brought me back to the country. So, the money you sent through Foluso is still with me. I have kept everything intact.

“Obviously, part of why you have called me to this occasion is to make things right with those whom you might have offended. I also want to urge you to still think about those people you have offended and call them for a truce. Forgiveness and repentance are quite important.

“You must repent from all misconduct because we must begin to prepare for heaven, because no one will escape the judgment of God. Please join me in singing this song, ‘Ope mi ko i to, ojojumo ni o ma dupe…’”

Clearly angered by Obasanjo’s remarks, Fayose, on Monday, sent the ex-president a “Thank You” text message, filled with insults.

The Punch

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Dan Agbese, Newswatch Co-Founder, Dies at 81

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One of the founders of Newswatch magazine, Chief Dan Agbese, is dead.

According to a statement issued by the Agbese family of Ikpilogwu clan of Agila district, Ado Local Government Area of Benue State, he died on Monday.

“We hereby announce the passing away of our husband, father, grandfather, brother, uncle and mentor: Chief Dan Agbese, the Awan’Otun of Agila.”

“Chief Agbese transited to eternal glory this morning, Monday November 17, 2025. He was aged 81.

“Burial arrangements would be announced by the family in due course.

“Born May 12, 1944 in Agila, Chief Agbese was a renowned journalist and author, famous for his seminal contributions to journalism practice in Nigeria and renowned for his satirical columns.

He was editor of The Nigeria Standard and New Nigerian newspapers, and General Manager of Radio Benue, Makurdi.

“Chief Agbese was one of the founders of the trail-blazing Newswatch magazine and was until April 2010 its Editor-in-Chief.

“Before his passing, he wrote several books and maintained weekly columns in notable newspapers including the Daily Trust and The Guardian, while running a media consultancy with his friends and colleagues, Ray Ekpu, Yakubu Muhammed and Soji Akinrinade.

“He is survived by his wife , Chief Rose Agbese, their six children, and seven grandchildren.”

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