Business
Workers Shut Ibori’s Daily Independent Newspaper
It is apparently a whirlwind harvest season for former Delta State governor, Chief James O. Ibori, who may have sowed the wind during his tenure.
Ibori who is struggling hard to redeem his image because of allegations of corruption against him, had his newspaper, Daily Independent, shut down, Tuesday morning, as his problems continued to compound.
The Lagos-based national newspaper was off the news-stand as the workers commenced the strike to express disenchantment with the management of the Chief Executive Officer, Mr. Ted Iwere and protest non-payment of salaries for four months among other grievances.
One of the most notable of the grievances of the workers is that for the past eight years, none of the old staff has been promoted, while some of the newly employed ones have been promoted. They are also angry that 22 workers considered some of the best hands were sacked last week.
The 22 senior staff members were alleged to have been sacked because they refused to be the mouthpiece of the newspaper owner, Chief Ibori. Some workers alleged that they were forced to launder Ibori’s image by writing editorials, letters to the editor and articles attacking those opposing the embattled ex-governor.
Their refusal was said to have cost them their jobs. Another complaint of the staff is the undue transfer of the editor of the Sunday edition of the paper, Ogwike Nwachukwu to Abuja.
Before the recent development, Daily Independent has had several challenges. There was a time when Ibori brought in Philips Consulting Firm to take over the management of the newspaper, sidelining Ted Iwere.
Ibori later brought in two South Africans to the company. This has however, not helped the newspaper and its owner, who is facing political difficulties of his own as the governments of the United Kingdom and the USA are said to be scrutinizing his finances and bank accounts abroad.
Ibori and some of his associates are facing charges of money laundering in a London court. The Federal High Court in Abuja has fixed November 6 to rule on whether to quash the 170 –count charge preferred against him by the Economic and Financial Crimes Commission (EFCC).
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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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