Business
Fresh Crisis Splits Rivers Transport Corporation
Disagreement over management of resources of the Rivers Transport and Investment Cooperative Union Limited (RTICUL) has resulted to another division of the Union, as a splinter group has gone ahead to establish another cooperative transport outfit.
The new firm, The Tide reliably gathered is known as the Rivers Transport Cooperative Union Limited which is also registered with the Rivers Cooperative Federation (RCF), with its office at the Cooperative house, and is headed by one Mr. Ibinoye Sunday, popularly known as “one-eye man”.
Investigation revealed that disagreement began among the executive members of the union who had distrust among themselves over revenue accruing to the union, while some were accused of diverting the funds to private account for personal gain.
Speaking on the issue when The Tide visited his office, the President of the transport cooperative, Mr. Tubonimi Wokoma said that all that has happened was a game plan by some persons to cripple the operations of the union.
According to him, “what happened is not enough for them to pull-out from the union, but I think such is the manifestation of their game plan and hidden agenda”.
On his part, the leader of the new transport cooperative group, Mr. Ibinonye told The Tide that he recently discovered a huge fraud in the system, while they in the field were made to believe that there was no money in the system. He posited that between January and July 2011, the Union made about N1.2 million Naira, and accused the President of diverting the Union’s fund for personal enrichment, and vowed to fight for the recovery of the fund.
It would be recalled that a faction of the former executive of the union broke out about two years ago on the same issue, leaving only the President behind.
Corlins Walter
Business
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
