Business
Civil Service Reforms: Customs Sacks 30 Comptrollers
This year may have started on a gloomy note for 30 Comptrollers of Customs and their dependants as the Customs Board has confirmed their retirement from service.
According to competent sources at Customs headquarters, Abuja, the Federal Civil Service Commission has published names of 32 Comptrollers of Customs alongside 51 directors from various Federal Ministries.
Details of the lists sighted by our correspondent revealed that the federal civil service commission cited redundancy and stagnation in one rank for ten years and above as the reason why the officers must quit the service.
Ordinarily, the public service rule prescribes three years as the maturity period for officers to earn their promotion to the next grade level, between GL 08 and GL 14, while the maturity period to move between GL 14 and GL 17 is four years, our source revealed.
“If following simple logic, therefore, an officer entering the civil service with a first degree would require a minimum of 27years to attain the post of a director, “he said.
This invocation of the civil service rules, according to our source, was all that is needed to send these comptrollers back to their homes.
However, reports indicate that two comptrollers (names withheld) who hitherto fell among the retirees have been promoted to Assistant Comptrollers – General of Customs leaving 30 others, unlike 2004, were 75 comptrollers were sacked in what is today known as the Customs coup of 2004.
Some senior Customs officers who do not want their names in print perceive this as an ethnic cleansing. According to them, the premature sack of comptrollers is a plot to do away with a crop of officers who are seen as power mongers and aggrieved due to the maltreatment the service has meted to them.
An assistant comptroller who led the array of critics against the sack said, “it is a deliberate plot by the present Comptroller – General of Customs to sack because he is afraid of these officers some of whom have attained the rank of comptroller while he (Dikko) was still a Chief Superintendent of Customs (CSC).
While some of the critics accused the president of demystifying the strength of the North in the scheme of allocation of officers in the major parastatals, one of the affected retirees told our correspondent on phone that the present C.G., Alhaji Dikko plotted the coup to retire them in order to pave way for young and dynamic officers whom he will be able to control and manage without confrontation and insubordination having learned from the previous administration.
The Tide finding can authoritatively reveal that a look at the date of first appointment of the affected comptrollers shows that they joined the service in 1982 while the list of ages of the affected officers stand at 49,50,52 as provided by records sighted by our correspondent.
According to an inside source, there is a serious trouble brewing in the service due to this sack saga, adding that before the final ratification by the Customs board, the said officers had been lobbying to be posted to juicy commands to make something before their retirement but for those who don’t have political fathers or emirs and obas, they were left either in redundancy at the Customs headquarters or posted to unviable commands.
But on the sack of the 30 comptrollers, a maritime analysts Chief Chibuzor Ebere, noted that changes are usually meant for good, but when the changes come as a result of what could be avoided in the name of crisis, then the reason for the change is not genuine.
“It becomes more painful when these fellows are still very young (in their 50s) and below, very healthy and active. It means that over time you lose very useful materials in the name of changes,” Chief Ebere said.
He further remarked that what maritime experts want is modernization for efficiency, reinforcing the manpower by giving them more training to cope with the global changes in the maritime industry and not throwing the effective manpower.
A source confided in our correspondent that the 30 affected and aggrieved comptrollers may join the 75 comptrollers retired in 2004 and over15 ACGs and DCGs to challenge their premature sack in a law court and shore up support for their determination for re-instatement.
Business
Association Seeks Intervention to Save Domestic Airlines
Business
CBN Reforms Impact Consumers As Dollar Card Spending Limits Rise
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
Business
WEC: FG Inaugurates Governing Board … As Nigeria Rejoins Council
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.
