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FG Housing Loan Scheme: Applicants Want Probe

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Some applicants of the Federal Government Staff Housing Loans Scheme, have called for a probe of the activities of Federal Government Staff Housing Loans Board (FGSHLB), the operators.
The applicants made the call in Abuja, Thursday, saying, the activities of the board undermined the objectives of the government to provide decent housing for the citizens, especially public servants.
They accused workers of the board of manipulating the process for self-aggrand-isement at the expense of genuine applicants.
The applicants said, while those who genuinely met the conditions for accessing the loan were dropped, late applicants who bribed officials and their collaborators benefitted.
An applicant and employee of an agency of the Ministry of Information and Culture, Mr Ugochukwu Livinus,  said, he applied in 2010 and was assigned file number HB40109.
Livinus, told  The Tide that he got approval for five million naira to build a three bedroom bungalow in April, 2013 after which he was asked to pay N65, 000 as insurance for mortgage and accidental expenses.
He said, he made the payment to the board’s Central Pay Office while the approval letter was signed by the Executive Secretary of FGSHLB at the time.
He said, besides paying the N65, 000 he also committed his hard-earned money as poor civil servant to do a building plan and bill of quantity.
Livinus noted that, he did all this because of his belief in the system but since April 11, 2013, he had not received any further communication while those who applied later had been given their money.
He alleged that some officials of the FGSHLB, in collaboration with some private developers, were doing everything possible to frustrate civil servants from accessing the loan.
Livinus alleged that, some applicants, who agreed to work with private developers and officials of the board, received approvals and disbursement of funds to them soon after they applied.
Another applicant, who preferred not to be named, said, her application was approved in 2012 but she had yet to receive her money after fulfilling all the conditions.
The lady said, she has four years to retire from service but had no house.
She said that, her greatest challenge was that officials of the board claimed that original land documents which she submitted to the board were missing.
“For heaven’s sake, they should give me my land documents since it is obvious that I may not get the four million naira that was approved for me.’’
She urged relevant authorities to investigate the board, saying that, the fraud in the board was alarming.
Mrs Simbiat Adeleke and Mrs Bola Ajamgbadi also applicants, called on the government to probe the board’s activities.
She queried the board’s claim of lack of funds as the reason for non-payment of beneficiaries’ approved loans.
“How can the board claim no money as the reason for non-payment while it is recovering loans directly from the beneficiaries’ salaries?
“ This is supposed to be a revolving loan and the board got a substantial amount from past administrations.
“The board needs to render an account on how it disbursed the initial money it received and how much it has so far recovered in order to convince anybody that it lacks the funds to continue paying approved loans.
“Moreso, why should it continue to approve loans if it has no money to pay?
‘’Truly, something is wrong about the board’s activities which the government should move in quickly and uncover.’’
Meanwhile a director in one of the government parastatals, who pleaded anonymity, called for an urgent scrutiny of the board’s activities.
The director said that deduction of the second tranche of the loan approved for him in 2011 was already ongoing while he had not received the loan.
“Integrated Payroll and Personnel Information System (IPPIS) has started deducting the second instalment more than a year ago and all I hear from the board is no money, be patient.
“I believe the board does not have an efficient way of tracking repayments otherwise, they should be able to know when one’s payment is due and pay accordingly,’’ he said.
He urged the Federal Government to overhaul and probe the activities of the board, adding that the place was fraught with irregularities.
All efforts by our source to clear issues that the applicants raised with Dr Hannatu Fika, the Executive Secretary of FGSHLB, were said to have failed.

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PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
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SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

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The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
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NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products 

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The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu
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