Business
Bayelsa Uncovers 3,867 Ghost Workers …Saves N3.52bn
Bayelsa State Government has uncovered a total of 3,867 ghost workers in its service.
This is the fall out of five months biometric screening of 53,000 workers in the state. The report of the biometric screening indicated that Bayelsa government also saved N3,516 billion at the end of the exercise.
A total of 11,132 workers, bigger than the total workforce of many states in the federation reportedly failed the test.
Apart from the 3,867 uncovered as ‘ghost workers’, the report said 7,265 were declared irregular, requiring further action by government including prosecution, refund of salaries and possible sack. Their offences involved duplication of names unauthorised appointments, retirement age racketeering, medical fitness problems and presentation of fake academic documents.
The 38-page report submitted by the head of the screening committee the director – general of Due Process Bureau, Kemedi Von Dimeari, attracted the wrath of the governor, Timpre Sylva, who had been under pressure balancing the budgets of the government due to declining revenue in the face of increasing expenditure.
According to the D.G a total of 48,829 workers presented themselves and 38.892 staff members were successful at the screening that cut across ministries, parastatals, agencies, departments and others. He, however, made a plea for offenders that presented themselves to the committee with confessions.
He, declared: “Our observations are that first, most of the ministries, departments, agencies, authorities, local government including the new rural development authorities are over staffed. Also we observed that the staff ratio distribution in the various units was not bringing results, where some units have more staff than the required hands”.
Continuing, Dimeari said, “the most important recommendation in the report is to put in place an impregnable HR Oracle system to ensure cases of ghost workers and irregular employment do not occur against.
“The second recommendation is that of deterrents. We must ensure that the people who had caused the state to lose so much money be sanctioned. And lastly. It is very important that we put in place a decentralised system of salary payment. A situation where the treasury department prepares vouchers and pays salaries is subject to abuse. We will expect the ministries and other agencies to pay up salaries of their workers.
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.
