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Stop Building Expensive Estates With Workers’ Money, NLC Tells Fmbn

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The Nigeria Labour Congress (NLC) yesterday cautioned the management of Federal Mortgage Bank of Nigeria (FMBN) to stop building estates for the super-rich with funds deducted from poor workers’ salaries.
The organised labour warned the FMBN to avoid a situation whereby poor homeless workers would be forced to park into expensive houses it was building for rich men in highbrow areas, many of which it said remained unoccupied.
President of the NLC, Comrade Ayuba Wabba, gave the warning at a groundbreaking ceremony for the construction of an estate on an expanse of land acquired in Karshi, Nasarawa State, by the Public Complaints Commission branch of the Parliamentary Staff Association of Nigeria.
The NLC president said: “There are so many houses in Abuja today that are unoccupied. These are houses that were built with workers money, deducted from their meagre salaries, and yet the workers cannot afford them.
“We have told them that a time will come when they won’t need to invite people to occupy those houses because poverty will soon push us to park our loads into any empty house we see, built with deductions from our salaries.
“There is an estate built by the FMBN along the Abuja-Kaduna Road which they could not sell because they are expensive, people went there and occupied the buildings. We are getting there gradually.
“When you go round the city, just look for buildings built with workers money that are left unoccupied.
“Yes, we are getting to that point when 90 per cent of the people would be below the poverty line and the FMBN is building for the super-rich who are just 10 per cent. Housing schemes must be for the 90 per cent.
“Governments in the past were building houses for workers and would later sell the apartments to them at affordable prices.
“That is the type of system that we want now. We should practice a system that takes care of everyone including the vulnerable.
“Although government said it is doing something about it but we believe whatever they are doing is not enough.
“We have enormous resources in this country that could take care of the need of everybody.

“One of the necessities of life is accommodation. It is so important because every worker wants to be a tenant but a home owner.
“One thing that consumes the income of a worker is rent. If you save your rent for 35 years, it can build a house for you.”
He however said the NLC was partnering with the FMBN to build affordable houses in all states of the federation so that workers could have roofs upon their heads.
He said: “Because we are stakeholders. We are social partners with the FMBN, I have set up a committee who are meeting with the Managing Director of the FMBN and his other officials to try to look at how workers could benefit from what they are contributing.
“The money does not belong to the FMBN. It belongs to the workers because the funds are deducted from their salaries.”
The Chief Commissioner, Public Complaints Commission, Chille Igbawua, and top officials of PASAN said the Karshi estate project will help cushion the effect of accommodation problems of the PCC staff.

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FG Approves 4 New Channel Management Firms For Seaports

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The Federal Executive Council (FEC) has approved four new channel management companies for seaports across the country in a move aimed at improving vessel navigation and port operations.
Speaking at the recently concluded Annual General Meeting of the Nigerian Association of Master Mariners (NAMM), former General Manager, Marine and Operations, Capt. Ebubeogu Ihenacho, disclosed that there would be changes in the ownership of the Lagos Channel Management Company Limited and the Bonny Channel Management Company.
According to Ihenacho, the four channels serving Nigeria’s major port clusters will have different channel management companies as approved by the FEC.
He said a new company had been approved to manage the Lagos port channel, with a change of name, while the Calabar Channel would be managed by the Calabar Channel Management Company.
He added that Bonny Channel Management Company had also undergone a change of ownership.
On the Warri Channel, Ihenacho said the Federal Government had approved China Harbour Engineering Company (CHEC) and two other companies to form a consortium to manage the Escravos Channel.
He said: “For Warri, it was approved for China Harbour Engineering Company, CHEC, and two other companies, who would now form a consortium.
That consortium will now form a Special Purpose Vehicle (SPV) with the Nigerian Ports Authority to manage the Escravos Channel.”
Recall that the management of the NPA had declined to renew the concessions of the Lagos Channel Management Company Limited and the Bonny Channel Management Company, opting instead for six-month extensions of the existing arrangements.
By; Enoch Epelle
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RIRS Warns Against Unauthorised Tax Collection

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The Rivers State Internal Revenue Service (RIRS) has warned motorists, transport operators and business owners against paying taxes, levies or charges to Unauthorised persons and organisations, insisting that only the Service and its duly appointed agents are legally empowered to collect taxes on behalf of the state government.
The Service gave the warning in a public notice dated October 21, 2026, signed by its Executive Chairman, Sir Israel O. Egbunefu, FCTI, in which it clarified that the Rivers State Ministry of Transport was not authorised by the state government to collect road tax or any other tax, levy or charge from motorists and transport operators.
RIRS also specifically disowned Explore Strategic Alliance Ltd, located at No. 7 Rumuodaolu Market Road, Port Harcourt, declaring the company had not been appointed or authorised by either the state government or the Service to collect Motor Vehicle Transport (MOT) tickets or any other tax on its behalf.
The revenue agency consequently cautioned members of the public against making payments to the company or any of its staff, stressing that anyone who ignored the warning would do so at their own risk.
It reaffirmed that only the legally authorised agency responsible for tax collection in Rivers State and the appointed agents that would carry out such duties in accordance with the law.
The Service urged taxpayers to demand official identification from anyone claiming to be its tax agent and verify the person’s credentials directly with RIRS before making payments.
It further warned that individuals or groups found impersonating tax consultants, agents or their representatives to collect Unauthorised taxes would be arrested and prosecuted in accordance with the law.
RIRS also called on members of the public to report suspicious persons and activities relating to Unauthorised tax collection to the Service for appropriate action.
The agency advised taxpayers seeking clarification or assistance to visit any of its offices or contact it through its official email address, info@riversbirs.gov.ng.
The Service reiterated its commitment to protecting taxpayers, promoting voluntary compliance and safeguarding the integrity of tax administration in Rivers State.
By: King Onunwor
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Bayelsa consumers Groan  Over Inflation As Traders Remain Helpless Over Low Patronage 

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Consumers and traders at the Swali ultramodern market in Yenagoa, capital of Bayelsa State have continued to groan over high prices of commodities and poor Patronage due to cost-push inflation.
The Tide reports that in the past weeks prices of goods and services in Yenagoa metropolis has experienced increase.
Notable services like transportation have also increased  lately due to increase in the pump price of fuel that has recently further exacerbated inflation in the prices of staple foods like rice, beans, garri and others.
Speaking with The Tide on a market survey, a trader, Mrs Tovie Barakabo said a bag of bean which sold between N120,000-N130, 000 now goes for N140,000-N145,000.
Mrs Barakabo also hinted that the only commodities whose price has not gone up was price of millet which sells N60,000, while big bag of garri now sells for N30,000.
The Tide further gathered from other inside Source that 25 litres of Kings cooking oil currently sells N75,000 as against the former price of N57,000.
Other commodities such as delicious vegetable oil  now goes for N68,000, Pure vegetable oil currently goes for N66, 000, while spaghetti is now N18,800 per bag.
The market survey also discovered that Sonnia tomato mix sells N75,609, while a big and small basket of fresh tomatoes are sold for N30,000 and N6,500 respectively.
A disappointed custom, Mrs Juliet Domo who fielded questions from The Tide expressed her worries over the inflation, calling on government to take decisive stands against inflation.
By: Ariwera Ibibo-Howells, Yenagoa
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