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PMS cost: Fat cats scamming, ripping-off Nigerians with false claims – NLC
“Padding of costs and abnormal margins seems to be the order of the day considering the revelations from the ongoing controversy between Marketers and Dangote group. It is entirely possible that Nigerian workers and masses are being ripped off by those who control the levers of Economic power in Nigeria which explains why the domestic public refineries may not immediately be allowed to come on stream.”
These were the exact words of the Nigeria Labour Congress (NLC), with which they put a lie to the current back and forth exchange by players in the Nigeria downstream oil industry with regards to the actual cost of Premium Motor Spirit (PMS), otherwise known as petrol, which price has virtually hit the roof, rising from just N189 before May 29, 2023 to N1,300 currently.
The body representing the junior workforce, which with the Trade Union Congress (TUC) collaboration is leading organised labour in Nigeria, made the damning declaration as part of its resolutions after its National Executive Council (NEC) meeting at the weekend.
Stressing the accusation of the players deliberately ganging up against Nigerians, the body, stated that the right thing must be done and those involved must loosen their grips to end the current excruciating hardship in the country.
The statement, added: “The NEC-in-session noted with increasing dismay the shenanigans around the
appropriate pricing of petrol (PMS) in Nigeria. It observed that there may be a gangup against Nigerians by fat cats in the industry as the current price of the product is significantly higher than the real market price.
“NLC demands appropriate pricing of petrol and calls for the Public domestic
refineries in PH, Warri and Kaduna to quickly come back on stream to break-up
the monopolistic stranglehold the big players have on the industry.”
On the same day, the body directed its members in states that are yet to commence the implementation of the new minimum wage of N70,000 approved recently, to commence an indefinite strike, beginning from December 1, 2024.
“The NEC notes with deep frustration the persistent delay and outright refusal by
some state governments to implement the 2024 National Minimum Wage Act. This betrayal by certain governors and government officials across the country flies in the face of both legality and morality, as workers continue to be denied their rightful wages amidst rising economic hardship. It is a blatant disregard for the law and the lives of millions of Nigerian workers, who are being exploited by the very leaders sworn to protect them.
“The NEC therefore resolves to set up a National Minimum Wage Implementation
Committee that will among others commence a nationwide assessment,
mobilization and sensitisation campaign, educating workers and citizens on the
need to resist this assault on their dignity and rights. Furthermore, the NLC shall
initiate a series of industrial actions in all non-compliant states and shall not relent until the minimum wage is fully implemented across Nigeria.
“To this end, all state Councils where the National Minimum Wage has not been
fully implemented by the last day of November, 2024 have been directed to proceed on strike beginning from the 1st day of December, 2024. Nigerian workers demand justice, and justice they shall have,” the NLC communique read in part.
Bemoaning the situation of continued and unchecked rise in inflation, the NLC also regretted the costs of basic necessities spiraling beyond the reach of the average worker, among others, demanding immediate, concrete interventions from the Federal Government, not token measures, to relieve this suffering.
“We call for the implementation of comprehensive social protection policies that shield Nigerians from poverty, provide affordable healthcare, and ensure a wage that reflects the true cost of living. To this end, we call for a wage review across the nation including a review of all the policies that have rather emasculated Nigerian people,” it said.
Seyi Makinde of Oyo State, Governor of Oyo State, on Thursday, finally threw his hats into the ring by declaring his intention to run for president in 2027, with a message – history beckons.
The governor, whose ambition has been a matter of speculations for months now and who had teamed up with forces angling to force President Bola Tinubu, out of power, told a teeming crowd in Ibadan on Thursday that time had come to reset Nigeria.
At a mega-rally to announce the alliance between the People’s Democratic Party (PDP), and the Allied Peoples’ Movement, (APM), Makinde, expressed worry over the dwindling fortunes of Nigerians, vowing to engage Nigerians to end the drift.
Hear him: “Without a multi-party system, there is no democracy. Where is our multi-party? Where do we go from here? We have been pushed to the wall.
“They calculated and self-opposition cannot unite but I am here to say that the opposition is the everyday Nigerian. This is the time for all us to ensure Nigeria works for us. This is the time to confront it fears. It is time to engage as citizens and not spectators.
“For the opposition political parties, this is the time to unite and work in unity and give our nation the much reset it needs. The time to reset Nigeria is now. Ibadan is the city of warriors. The first grand alliance is formed. The PDP and APM is formed. This handshake will allow us to field candidates from presidency to state Assembly. And so, I declare my candidacy for office of the president of Nigeria.”
Eyo Ekpe, a professor of cardiothoracic surgery at the University of Uyo Teaching Hospital (UUTH), on Wednesday, gave a detailed account on how operatives of the Economic and Financial Crimes Commission (EFCC) manhandled him on Monday.
He told reporters that he was at sea on why he should fall victim to the assault against his person and eventually arrested given that was not right person directly involved in the information the agency sought.
Some operatives of the EFCC who invaded the hospital, had whisked Ekpe away after firing teargas to scare away the workers, patients and visitors to the hospital, following what appeared like a fracas the ensued over what it claimed was a routine duty in the facility.
Ekpe, Deputy Chairman of the hospital’s Medical Advisory Committee (MAC), described how an operative had first entered his office to make inquiries on why the hospital was yet to give a response to an EFCC inquiry over a medical report linked to a suspect facing trial.
He detailed how he briefed the operative that the said response was being prepared and even went ahead to show him the draft of a letter in that regard, which needed to go through the gamut of official endorsement before being released.
Hear him: “The head of that internal medicine department looked at the report and also discovered that the name of the doctor that signed the report is not a member of staff of that department.
“I had prepared prepared a response to the EFCC on Monday, May 11, 2026, based on the findings. When the EFCC operative visited my office the next morning to collect the document, I told him that the response was ready in draft. I even showed him the draft, but told him that the document still needed approval from the Chief Medical Director (CMD) of the hospital before it could be officially signed and released.
“He pretended to have accepted that. He left, but later later returned with another armed operative and informed me that I was under arrest. I asked him why. I was not the one that issued the medical report. My name is not on the medical report. The report was not issued from my unit.
“But he said I would get the answer when I get to their office. I then asked him to at least wait for my staff member who I sent on an errand before joining them. But they refused.
“They started pushing me. They dragged me out of the office. Then I began to cry while they were dragging me. They had warned me not to speak. They had taken my phone. My cry as they were dragging me, attracted the workers to the scene, who enquired what was going on, but because they ordered me not to speak, I couldn’t say anything. They had their guns.
The members of staff of the hospital initially blocked them from taking me away. They then made a call. After that I saw many masked and armed men came violently, broke the protector, threatening the people that were around and people ran away.
“They picked some staff that were still by me. they dragged me and other staff, five of us into their van downstairs. By that time they discovered that the gate of the hospital were locked. So, they drove towards the gate and packed and the commotion continued. We were inside the van.
“I was so emotionally and psychologically traumatised that I couldn’t even look out of the vehicle to see what was happening outside. But I know that teargas and live bullets were shot. That’s all I can say for now.”
Joyce Abdulmalik, of the Federal High Court, Abuja, heard on Wednesday, how Zenith Bank raised alarm over the huge transaction in one of its branches by Abubakar Malami, former Attorney General of the Federation and Minister of Justice (AGF-MoJ).
The bank said it immediately filed a Suspicious Transaction Report (STR) in respect to the transactions, during its appearance in the ongoing trial of Malami, his wife, and son over allegation of massive looting of funds belonging to the Federal Government during his tenure.
Mashelia Bata, a compliance officer with the bank, who appeared as witness in the case, where Malami, et al, are facing a 16-count charge bordering on alleged money laundering to the tune of N8.7 billion, to which they pleaded not guilty, gave the testimony while being questioned on the bank’s roles in the matter.
Details of the testimony conveyed by the Economic and Financial Crimes Commission (EFCC), stated how the compliance officer who was cross-examined by Adebayo Adedeji, lawyer to the defendants admitted that the deposits in the account statements complied with the guidelines of the Central Bank of Nigeria (CBN).
Arguments had stretched when Adedeji, opposed Jibrin Okutepa (SAN), lawyer to the EFCC, who had asked the witness to explain the meaning of a suspicious transaction report, stressing that there was no ambiguity in the term.
However, Okutepa, in response, maintained that section 215(3) of the Evidence Act did not preclude him from re-examining the witness while urging the court to allow the question for proper explanation.
After Abdulmalik, agreed and overruled Adedeji, the witness told the court that banks were required to alert the Nigerian Financial Intelligence Unit (NFIU) about fund deposits coming in a repetitive pattern, adding: “Any deposition of funds seen in a pattern or repetitive, you must escalate it to the NFIU.”
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