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FG, labour sign MoU on ₦70, 000 new minimum wage

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The Federal Government and the Labour Union have signed a Memorandum of Understanding on the ₦70, 000 new minimum wage.

 

A statement by the Office of the Head of Civil Service of the Federation on Friday, and signed by the Head, Information and Public Relations, Eno Olotu said the committee on salaries for civil servants has agreed that the new minimum wage will be implemented from 29 July 2024.

The agreement is part of the resolutions reached at the end of the committee’s meeting in Abuja on Friday.

 

According to the statement, the committee also recommended that the wage award, which the Federal Government discontinued, should be paid until 28 July 2024.

The committee, led by the Head of Civil Service of the Federation, Didi Walson-Jack, noted that the government considered the economic situation in the country before making its decisions.

 

Speaking after the signing, Walson-Jack who doubled as Chairman of the Committee, commended members for the painstaking effort put in the task assigned.

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The HCSF said, “Both the Trade Union and the Government sides have agreed on the Consequential Adjustments in Salaries arising from the new minimum wage of N70,000.

She also disclosed that all the members considered the MOU and have all signed copies, concluding the exercise by handing over copies to representatives on both sides.

She described the assignment as the shortest and most peaceful negotiations thus far, adding that the signed copy of the MOU would now be forwarded to the Federal Government for further action.

 

In his remarks, the National Chairman of the Joint Negotiating Council, Comrade Benjamin Anthony, representing the Trade Union side, commended the HCSF and expressed satisfaction with the committee’s work.

 

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JUST IN: FG declares October 1 as public holiday

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The Federal Government has declared Tuesday, October 1, as a public holiday to commemorate Nigeria’s 64th independence anniversary.

Olubunmi Tunji-Ojo, minister of interior, announced the holiday on Saturday in a statement by Magdalene Ajani, permanent secretary in the ministry.

The minister praised patient and hardworking Nigerians, adding that their sacrifices would not be in vain.

More to follow…

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Good Morning! Here Are Some Major News Headlines In The Newspapers Today: Bobrisky scandal: We won’t spare indicted officials –Minister

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1. The Minister of Interior, Olubunmi Tunji-Ojo, on Friday warned that officials of the Nigeria Correctional Service (NCoS) found culpable in the apartment-for-prison scandal involving notorious cross-dresser Idris Okuneye, a.k.a. Bobrisky, would not go unpunished. Tunji-Ojo, who spoke at a media briefing in Abuja to mark his one year in office, vowed that no personnel or officer of the Nigeria Correctional Service found involved in the ongoing probe would be spared.

 

2. Ahead of the resumption of flights to Nigeria by Emirates on October 1, the federal government has finalized an agreement with United Arab Emirates (UAE) authorities to guarantee reciprocal rights for Nigerian airlines willing to start flying to any UAE cities, especially Dubai.

 

3. The Economic and Financial Crimes Commission (EFCC) on Friday arrested a former governor of Taraba State, Darius Ishaku, over alleged fraud of N27 billion. He was reportedly picked up at his Abuja residence.

READ  FG disowns Emefiele over plan to redesign Naira, warns of consequences

 

4. President Bola Tinubu on Friday appointed seven executive directors for the Nigerian Television Authority (NTA).

 

A press release signed by his media aide, Bayo Onanuga, said the president re-appointed Ayo Adewuyi as the Executive Director of News.

 

5. The Minister of Interior, Olubunmi Tunji-Ojo, on Friday justified the increase in passport fees, stating that the rise was only about 45 percent. According to him, the increase was driven by the exchange rate between the dollar and the naira.

 

6. Justice Ayokunle Faji of the Federal High Court in Lagos State, on Friday, ordered the remand of four bloggers for allegedly cyberstalking and spreading false information aimed at insulting the Chief Executive Officer of Guaranty Trust Holding Company PLC, Segun Agbaje.

The bloggers, Precious Eze, Olawale Rotimi, Rowland Olonishu, and Seun Odunlami, were remanded at the Ikoyi Correctional Centre.

 

7. The Lagos State Police Command has summoned four of its officers to account for their alleged involvement in the extortion of N1 million from some National Youth Service Corps members.

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In an X post, a user tweeting as #YemieFash, identified as Olúyẹmí Fásípè, revealed that the corps members were threatened by the officers and later taken to the Kafaru Oluwole Tinubu House, Area C Police Command, where they were “robbed.”

 

8. The Lagos State Wastewater Management Office has sealed off the Orchid Shopping Centre in the Eti-Osa area of the state over a threat to public health.

 

This was disclosed in a statement shared on X.com by the state Commissioner for the Environment and Water Resources, Tokunbo Wahab, on Friday.

 

9. The House of Representatives has summoned the EFCC Chairman, the Nigerian Correctional Service Comptroller General, Bobrisky, VeryDarkMan, and all officers involved in the prosecution of Bobrisky.

 

This was contained in a letter written by the Lead Chairman of the joint committee, Jon Ginger Onwusibe, to parties on Friday over the disturbing allegations of corruption against the Economic and Financial Crimes Commission (EFCC) and the Nigeria Correctional Service.

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10. A Federal High Court in Abuja has ordered the Independent National Electoral Commission (INEC) to recognize Chief Olusola Ebiseni and Dayo Awude as the governorship and deputy governorship candidates of the Labour Party (LP) for the November 16 governorship election.

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CBN extends suspension of processing fees on deposits to March 2025

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The Central Bank of Nigeria (CBN) has extended the suspension of processing fees on cash deposits for six months.

 

The development comes six days before the suspension date initially fixed, expires.

 

On May 1, banks resumed the collection of processing fees on cash deposits.

 

Six days later, CBN suspended charges on the deposits until September 30.

 

However, in a circular directed to all banks, other financial institutions and non-financial institutions, dated September 24, 2024, and signed by Adetona Adedeji, CBN’s director of banking supervision, the apex bank extended the date to March 31, 2025.

 

“Further to our letter dated May 6, 2024, referenced BSD/DIR/PUB/LAB/016/023, the Central Bank of Nigeria (CBN) hereby extends the suspension of processing charges on cash deposits above N500,000 for individuals and N3,000,000 for corporates,” the apex bank said.

 

“The previous suspension, set to expire on September 30, 2024, has now been extended until March 31, 2025.

READ  Troops uncover gun manufacturing syndicate, recover arms in Kaduna 

 

“This suspension pertains to the 2% and 3% fees outlined in the ‘Guide to Charges by Banks, Other Financial Institutions and Non-Bank Financial Institutions, issued on December 20, 2019.”

 

CBN asked all financial institutions to continue accepting cash deposits from the public without any charges during the period.

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