Business
PHCN Workers Threaten EFCC Over Arrest
Workers of the Power Holding Company of Nigeria (PHCN), have threatened to withdraw their services from all Economic and Financial Crime Commission (EFCC) formations nationwide if the anti-graft agency does not apologise for arresting their staff.
The threat is sequel to last Thursday’s arrest of two workers of PHCN by EFCC.
In a statement issued on Tuesday and made available to newsmen, PHCN’s Head of Information and Research, Comrade Reuben Peter Orlu, stated that on the fateful day, gun-trotting members of EFCC abducted PHCN workers at their national secretariat in Yaba, Lagos without following due process.
Comrade Orlu condemned the act, saying it amounts to “intimidation and harassment on our members by officials of the anti-graft agency.”
“We, therefore, demand an in-depth investigation into this abnormality of the EFCC”, the statement said.
The statement continued: “We believe that under normal circumstances, the EFCC would not have displayed such high level of unprofessionalism and unprocedural norms exhibited to the National Union of Electricity Employees, which is why we consider an in-depth investigation into the anomaly of the EFCC absolutely imperative.
“In the circumstances therefore, we demand an unreserved apology from the EFCC to assuage us in the inherent mental torture, traumatic and intimidating spook by the Commission.
“Otherwise, we may be forced to withdraw our services from all EFCC formations nationwide”, he threatened.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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