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Nigerians Trapped in UK Over High Cost of Living

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Nigerians in the United Kingdom have continued to decry the worsening economic conditions in the country, describing the situation as “disturbing”.

 Those studying or working are worried as inflation climbs to a 40-year high and energy prices rising even higher, Nigerians living in the UK are facing an unprecedented cost of living crisis.

The UK inflation rate was 4 percent in December 2023, up from 3.9 percent in the previous month. Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022.

Rishi Sunak, the nation’s Prime Minister says he is determined to cut taxes, keep inflation falling and get mortgage rates down to affordable levels.

Desirous to slow down an overheated economy, London has embarked on extensive monetary policy tightening that has helped to halve the inflation rate from 11 percent in 2022 to 4 percent in December 2023.

Yet, this has meant a slowdown in the rate of economic growth as businesses reduce investments and consumers cut down on spending.

A health worker who wants to be identified as Omoyemi said though there are food banks around with “street angels” selling at discounted prices, the cost of varieties of food items has increased significantly.

She stated that the major expense squeezing money out of her pocket is her rent bills.

“Honestly the cost of living in the UK has increased significantly. Initially, my 2 bedroom terraced house was £900-1000 but now I pay 1200 (about 2 million naira monthly).

“Food and groceries have increased too, though it is still affordable, but the increase is significant,” Omoyemi said.

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Hunger: FG to begin nationwide distribution of grains soon

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Minister of Agriculture and Food Security Senator Abubakar Kyari disclosed this on Monday.

Recall that on Sunday many Nigerians stormed a government warehouse and emptied it of foodstuffs.

“Dear Fellow Nigerians,” he wrote on his official X handle. “In these trying times, I extend my sincere compassion to those affected by the hardships in the country. I understand the gravity of the situation, especially with the unfortunate event of foodstuff warehouse looting.

“Amidst these challenges, I want to assure you that our commitment to your well-being remains resolute. We shall commence the distribution of 42,000 metric tons of grains, as approved by Mr. President, across the 36 states of the federation as one of the programs to be rolled out this week.

“We are working hand in hand with NEMA and the DSS to ensure that the grains get to the right people in the right packages and quantities. Furthermore, 58,500 metric tons of milled rice from mega rice millers will also be released into the market for stabilization.”

The minister who hailed the resilience of the Nigerian people, urged them to back President Bola Tinubu’s government in its quest to address the challenges facing the country.

“I acknowledge the strength of the Nigerian people, and it is this resilience that will guide us through these difficult times. Let us stand together to support Mr. President in his strive for a better Nigeria,” Kyari said.

“Our government under the leadership of President Bola Ahmed Tinubu is committed to addressing these challenges and working towards a more secure and prosperous future for all.”

The development is part of moves by the government to curb the hardship in the country. Since the removal of fuel subsidy and the floating of the naira, the cost of living in Nigeria has reached new highs.

There have been protests in several parts of the country as Nigerians sought the government’s attention to address the economic hardship. Several warehouses and food trucks have also been looted in some places.

But the Federal Government is calling for patience, assuring that the reforms by the Tinubu-led administration are set to yield fruit.

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Financial Crimes: Reps To Issue Warrant Of Arrest On Binance Chief Executive For Refusal To appear

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…as legal adviser say two executives were arrested by NSA
By Gloria Ikibah
The House of Representatives had said it will evoke its constitutional powers against Binance Holdings Limited and issue a warrant of arrest for its failed to appear for public hearing to respond to series of allegations of terrorism,  money laundry,  tax invasion among other financial crimes.
This was the resolution of the House Committee on Financial Crimes Chaired by Rep. Obinna Ginger, at its resumed investigative hearing on Monday in Abuja.
Naijablitznews.com recalled that a coalition of civil society organisations led by the Niger Delta Youth Council Worldwide and Empowerment for Unemployed Youths has written a petition against Binance Holdings Limited in January to investigate the firm’s activities.
The Committee had summoned the Managing Director of Binance, Richard Teng in a letter dated 12th December, 2023 and signed by its chairman, Rep. Ginger Onwusibe requesting his appearance at the hearing.
However, instead of the Management team of the Company to appear before the House Committee as required by law, a team of lawyers was sent, but were told by the committee that their representations will not be accepted.
Rather than appear before the committee Binance wrote through it’s lawyer Senator Ihenyen.
Speaking during the public hearing, in Abuja on Monday, the committee chairman, decried that the Chief Executive of Binance Holding limited, Mr Richard Teng has refused to appear before the committee after series of invitations.
Lawmaker stated that there was need to report to the larger House to evoke its constituonal powers for the arrest of Binance Executive.
Rep. Dogongaro therefore moved a motion for the committee to report to the larger house to enable it use its powers to arrest Binance Executives and make them appear before the committee.
The Chairman put it to a vote and it was unanimously adopted by committee members.
Rep. Ginger Onwusibe, while restating the resolve of the Committee to fight financial crimes maintained that, “the committee will be forced to recommend to the House to arrest Binance executive since they have failed to appear before the committee.
“As long as the committee is concerned,  Binance is not at this meeting because we have said it severally that we do not want representation by lawyers but the chief executives should appear before the committee.
“Binance is not here. We have taken a position on it in our last sitting that we are not going to entertain legal representation from Binance and that position stands.
“Based on the fact that Binance is not here, we need to make a recommendation to the House of Representatives for the House to invoke its powers of subpoena to issue a warrant for the leadership of Binance to be arrested and be brought to this Committee to answer questions of the grave allegations leveled against them in the petitions brought to us by the Empowerment for Unemployed Youths and Niger Delta youths Council.
“This Committee has resolved to recommend to the House to invoke its constituonal powers by issuing a subpoena and a warrant for Binance executives to be arrested and brought to this Committee to answer these questions relationship financing of terrorism, money laundering and other financial crimes as stated in the petition including evasion of tax.
“We thanks the petitioners for unearthing this grievous financial crimes going on in this country for more than six years now. Binance has been operating in the financial space of this country for more than six year and they have not less than 20 million Nigerians that they are exploiting.”
Earlier in his response, the legal team of Binance led by Senator Ihenyen who’s representation was rejected said Binance executives did not appear before the committee because two other executives of the organisation were arrested upon their arrival to Nigeria by the office of the National Security Adviser and still in custody.
According to him, other executives of the company which is not based in the country, were apprehensive because of two of their executives that were arrested recently and are still in custody.
He said: “Indeed we acknowledge that our client Binance was clearly given the time within it must respond to the petition as well as appear today before this committee
“Binance has been able to response to send a written responds dated 28 February 2024.
“The response to the petition attaches two annexures for purpose of fully responding to the issues and allegations raiswd by the petitioners in their written petition dated 5th December 2023.
“The second resolution was that Binance representatives must be here. We would like to plead your indulgence that the situation that Binance has been faced with particularly in the last seven days have forced a very difficult situation on it. What has happened is that two Binance executives who came into the country were arrested by another Nigerian authority specifically the National Security Adviser. And since then till date this two Binance executives are still in custody. For this reason it has been extremely difficult for the global of Binance to mobilize other executive members of the company to Nigeria because there is genuine concern about their safety and security. So this is the situation that we have been forced to contend with. This is not a show of any disrespect to this House
“We believe the responses given by our clients would to a large extent address any outstanding issues or issues raised by the petitioners. If there are any outstanding areas that Binance has to respond to either by being in Nigeria physically or by making further written correspondence, we will do our best as legal counsel in Nigeria to advice Binance to proceed accordingly subject to the discretion of this House.
When asked by Rep. Ginger if those two arrested were coming to respond to the invitation of the committee or for another invitation.
He responded” As the legal counsel to Binance, we have information that Binance was planning to have Representatives on the ground but at time these two persons were arrested, it had not been expressly communicated to us that these two persons are the delegates for that purpose.
“We are aware there are quite a number of executives spaning the region of Europe, America and Asia in the Binqnce team. It is possible that one of these persons who was arrested or none of these persons were going to be delegates to this Honourable House today.
“Following the arrest of two executive,  other persons could could not come into Nigeria because if the first if been arrested too.
“Binance has responded appropriately to the demands of the committee and as our client we are pleading that this honorable committee consider taking the report”, he added.
Naijablitznews.com reports that Binance Holdings Limited, operators of Digital Assets Exchange in Nigeria has been operating in Nigeria over 6 years allegedly without any adherence to financial regulatory frameworks and has been accused of exploiting Nigerians and committing other financial crimes.
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Oyo health professionals embark on 7-day warning strike

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By Francesca Hangeior

Health professionals under the aegis of the Nigerian Union of Allied Health Professionals (NUAHP) working in various health facilities owned by the Oyo state government on Monday, March 4, embarked on a 7-day warning strike.

The strike will involve laboratory scientists, physiotherapists, dental technologists, dental therapists, medical social workers, radiographers, nutritionists, dietitians, and health records and information managers in all general, state, and specialist/teaching hospitals throughout the state.

The practitioners include the Association of Medical Laboratory Scientists of Nigeria (AMLSN); the Nigeria Society of Physiotherapists (NSP); the Association of Dental Technologists of Nigeria (ADTN) and the Nigerian Dental Therapists Association (NDTA).

Others are the Association of Medical Social Workers of Nigeria (AMSWON); Association of Radiographers of Nigeria (ARN); Association of Nutritionists and Dietitians (AND); Association of Health Records and Information Management Practitioners of Nigeria (AHRIMPN) and the Oyo State Association of Hospitals and Administrative Pharmacists (CSAHAP).

The workers said they decided on the warning strike due to the failure of the state government to exceed the demands which have been tabled before various government committees in over two years.

The ten-point demand put forward by the group and seeking urgent government intervention include: “Implementation of the new national hazard allowance for health professionals; implementation of teaching allowance for NUAHP members who are deeply involved in the training of interns and students on clinical and research postings; adjustment of CONHESS table for our members in the service of Oyo state as already implemented for medical doctors since 2021.”

The demands also include: “Urgent revamping and adequate funding of the state health facilities; release of promotion letters for qualified members who participated in the last promotion exercise in the state; skipping of CONHESS 10 on CONHESS salary table as applicable to Grade Level 11 (on GL Scale) as awarded by National Industrial Court of Nigeria (NICN); restoration of call duty allowance for dental therapists, recruitment of more health workers and professionals to include members of NUAHP to replace those who are retiring and those who left the service of the state, among other demands.

Addressing a press conference before declaring the strike at a Congress held Monday, NUAHP unit chairman, Comrade Olanrewaju Ajani, flanked by other others said the Union will no longer allow her members to be sidelined and treated as inconsequential in the scheme of things in the health sector in the state.

He said: “The Union will no longer look and allow her members to be sidelined, treated as inconsequential in the scheme of things in the health sector in the state.

“We therefore urge the government under the able leadership of Governor Seyi Makinde to urgently look into NUAHP members’ grievances.

“Our members are already pushed to the wall to have resorted to taking this step after exhausting all mechanisms to avoid a trade dispute.

“The 7-day ultimatum as indicated in our letter expired early hours of Monday, 4th March. We hereby direct all our members across all the hospitals and health facilities across the state to proceed on a 7-day warning strike from Monday 4th of March, 2024 till 11th March 2025 and if after the expiration, there is no feasible outcome, the Union will declare an indefinite strike afterwards.”

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