Business
SEC Gives Rivers NCSU Boss Confidence Vote
The State Executive Com
mittee (SEC) of the Nigeria Civil Service Union (NCSU), has passed a vote of confidence on the Chairman of the union in Rivers State, Comrade O.T. Lilly-West for the credible manner he has so far piloted the affairs of the union.
Moving a motion to that effect during an enlarged SEC meeting of the union in Port Harcourt last Thursday, the chairman of the Ministry of Youth Development unit of the union, Comrade Sonny Eremasara said the vote of confidence on Lilly-West had become necessary to motivate him to achieve more for the union in the state going by the excellent manner he has been piloting the affairs of the union, stressing that NCSU had been re-positioned in the state under his leadership.
The motion which was greeted by overwhelming and resounding applause among members was seconded by the chairman of the Ministry of Transport unit of the union, Comrade Koko Harrison.
The visibly elated NCSU chairman in the state, Comrade Lilly-West thanked God for the gesture, saying, it was only those who were being served that would appreciate what a leader was achieving, as a dancer does not see his back.
He had earlier in a welcome address highlighted events in both the state and national chapters of the union as well as efforts being made to restore peace and harmony in the Rivers State chapter of the union and solicited the continued support, patience and commitment of members of the union to the cause of the workers and NCSU, stressing that their solidarity and unity of purpose were needed for industrial harmony and achievement of a stable, efficient and productive civil service in the state.
Lilly-West further disclosed that NCSU had zoned the position of National Deputy President of the union to Cross River State while its position of National Vice President in the South-South zone had been zoned to Bayelsa State.
This, he said was because the two states had not occupied national positions of the union in the zone.
The NCSU boss commended the National President of the union, Comrade Kiri Mohanned Shuaibu for his tenacity of purpose, his forcused leadership style and outstanding achievements inspite of the antics of those he described as fifth columnists.
He also lauded the Rivers State Head of Service, Barrister Samuel LongJohn and Chairman of the State Civil Service Commission, Mr Ngo Martyns –Yellowe for the credible manner they have been taking the civil service of the state to greater heights.
Lilly-West equally expressed concern over the political crisis rocking the state, and called on the citizenry including workers to fast and pray for the restoration of peace in the state.
He, however, urged the political gladiators to embrace peace and make sacrifices as servants of the people by burying their hatchets in the interest of the state which he described as a major contributor to the nation’s development process.
The SEC, comprising chairmen, secretaries and treasurers of the various units of the union in the state brainstormed on several issues affecting civil servants including promotion, salary deductions and the National Housing Fund among others.
The SEC was unanimous in its decision that civil servants in the state should be promoted yearly, while Comrade Lilly-West doused speculation that the state government would further deduct salaries of workers.
According to him, apart from deductions of the contributory pension fund and the new tax regime introduced by the state government, no other deductions would be carried out on workers salaries.
Donatus Ebi
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.
