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FG takes Daily Trust to NMCC over Samoa report

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The National Media Complaints Commission (NMCC) yesterday confirmed the receipt of the Federal Government’s complaints against Daily Trust Newspapers over its story on the Samoa agreement.

Acknowledging the receipt in statement, the NMCC (Ombudsman) said it has launched investigation into the matter.

The statement, signed by NMCC Chairman Emeka Izeze and interim secretary and Feyi Smith, said that the federal government’s complaint, dated July 8, was signed by Dr. Ngozi Onwudiwe, Permanent Secretary of the Federal Ministry of Information and National Orientation, on behalf of the minister, Mohammed Idris.

The government, according to the statement, alleged that on July 4 2024, the newspaper published an article “containing false and misleading information that severely threatens national security”.

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The statement said that in the complaint, the government alleged that “on July 4, 2024 the newspaper published on its front page, a news item titled ‘LGBT: Nigeria Signs $150 Billion Samoa Deal.

“In the report, it said that the government had endorsed a European Union (EU) partnership agreement (referred to as the “Samoa Agreement”), with member states of the Organisation of African, Caribbean, and Pacific States (OACPS).

It said that the agreement was signed “despite some conditional clauses that compel benefiting nations to support the agitations by the Lesbian, Gay, Bisexual, Transgender and Queer (LGBTQ) community for recognition”.

The government, according to the statement, described the report as “false and misleading”.

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It quoted the government as saying that, as a result of the alleged false report, “individuals and government officials have been subjected to hate speech, threats, intimidation, and cyber-bullying across social media”.

According to the statement, the government is, therefore, asking the NMCC to intervene in the matter and, among other things, carry out a thorough investigation of the alleged misleading publication.

It also urged the Ombudsman to direct the newspaper’s management to publicly retract and correct the alleged false information, with equal prominence as the original article.

It also urged the NMCC to direct the newspaper’s management to issue an unequivocal apology for “allegedly recklessly disseminating false information and implement stricter editorial guidelines to prevent a repeat of such alleged unwholesome report by any newspaper in the future”.

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Just in: Plateau Govt Approves N70k Minimum Wage for Civil Servants

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By Kayode Sanni-Arewa

In line with discussions reached after consultation with relevant stakeholders, the Plateau State Government has approved immediate implementation of the N70, 000 minimum wage for the workforce in Plateau State.

The cheering news is contained in a Press Statement signed by the Head of Civil Service in the State, Stephen Pam Gadong.

Full text of the statement reads in part:

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Following the Agreement of the Committee on Consequential Adjustment on Salaries on 13th, November, 2024, the Executive Governor of Plateau State, His Excellency Barr. Caleb Mutfwang, has approved the immediate implementation of the N70,000 minimum wage for workers in the state.

The Implementation is a demonstration of the Governor’s commitment to prioritizing the wellbeing of the workforce in acknowledgement of their invaluableble role in driving the State’s developmental goals.

As the new wage policy is administered, Civil Servants are encouraged to embrace this gesture by recommitting to their duties with renewed dedication and zeal in order to foster a culture of productivity and excellence in service in the State.

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Before final liquidation, NDIC set to auction Heritage bank properties

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In a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank (In-Liquidation), the Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of auctioning the landed properties and chattels of the defunct bank.

According to the Corporation, this exercise is in line with its statutory powers as the Liquidator of failed banks under section 62 (1)(d) of the NDIC Act, 2023, noting that; “This is another follow-up action sequel to the disposal of physical assets and chattels belonging to the defunct bank at its leased locations nationwide”.

This was contained in a statement signed by the Director, Communication and Public Affairs Department, Bashir A.

Therefore, the auction of the landed assets shall be by competitive bidding in sealed bids scheduled to take place at the six (6) selected locations of the Corporation across the country, for the affected 36 branches of the failed bank beginning from Wednesday 4th December 2024.
“Buyers who wish to participate in the auction are expected to follow laid down guidelines purposely aimed at ensuring transparency, fair competition, equity, and accountability to enable recovery of commensurate values from the exercise. This is critical for the payment of liquidation dividends to eligible claimants.

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The Corporation shall give preference to financial institutions who are willing to buy at the highest auctioned value to allow for the continuation of provision of banking services to the Nigerian public at the designated locations”, adding; “This is desirable towards bolstering financial inclusion as envisaged by the financial system regulatory authorities.

“However, Corporate bodies and Private individuals willing to compete are equally eligible to compete in the process without prejudice, the auction shall be open and competitive to all bidders.

Furthermore, bidders will be allowed to inspect the properties and chattels across all locations one week before the date of disposal.”

Importantly too, the statement said; “All interested parties are to make available 10% bid security of the value of their sealed bids to be dropped in the bid box provided at the specific centre out of the six locations of the Corporation as contained in the published advertisements.

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“All interested bidders are advised to submit their bids only at the designated NDIC offices covering their choices amongst Abuja, Lagos, Bauchi, Kano, Enugu, and Port Harcourt.”

Meanwhile, the Corporation has vowed that there would be no hiding place for debtors of the defunct Heritage Bank whose financial obligation portfolio is in the region of over N700 billion.

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Naira slumps in parallel market

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The Naira experienced a slight depreciation yesterday, slipping to N1,740 per dollar in the parallel market compared to its previous rate of N1,735 per dollar on Tuesday.

According to data from FMDQ, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market (NAFEM) strengthened, rising to N1,645.4 per dollar from Tuesday’s rate of N1,689.88 per dollar. This marks an appreciation of N44.48 for the Naira.

The market also saw a significant increase in dollar trading activity, with turnover climbing by 122.5 percent to reach $236.84 million, up from $106.44 million the previous day.

As a result, the gap between the parallel market and the NAFEM exchange rate widened, now standing at N94.6 per dollar, up from N45.12 per dollar recorded on Tuesday.

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