Happenings

Nigeria is in the fierce clutches of individuals with ideology that is detrimental to the people.

This assertion was made by a former chairman of the Oyo state council of the Trade Union Congress(TUC), Comrade Andrew Emelieze at a symposium in Ibadan, Nigeria.

''In Nigeria, it is still the same old story, the same drive, the same motivation and the same ideology. The mood is not encouraging. All the while, we have been having changes in nomenclature, but in actual fact, nothing has changed. It has been eight years of manipulation and it is continuing. These individuals are fighting Nigerians. We are already witnessing the extension of hardships. I am not sure if there is any hope for Nigerians'', Comrade Emelieze declared.

Similarly, Comrade Reasheedat of the Campaign for Democratic and Workers Rights(CWDR), blamed some of those in the leadership of labor for the attitude of insensitive political office holders, saying, ''the leadership of the labor movement has been compromised. That is why we have a democracy for the rich. Also, the presence of right wing elements in labor unions in the country has furtherworsened the situation. Nigerians are now left with only one option-take their destinies in their own hands.

The lack of domestic purchasing power of citizens has been a set back for economically backward countries of the world.
Monetary expansion in these countries has resulted in the inflation of prices of goods and services to the detriment of the people.
Indeed, in a number of countries, the great majority who are poor are manipulated to focus on smart phones and related products as urgent priorities even as they wallow in abject poverty.
Sadly, these products are not locally produced, but imported from economically viable countries.
Of worry, is the fact that the real income of the workforce is side by side to the subsistence level-with little or no hope for a raise.
The unimpressive income of the workforce has ensured that productivity remains at the lowest ebb, while redundancy, inefficiency and mdeciority take the center stage.
Curiously, the prevailing hunger and poverty in a given geographical location not only inhibits  the inducement to invest but also discourages economic progress.
Nigeria is made up of an estimated land mass of 923,773km2, including varied vegetation and soil types suitable for a variety of agricultural initiatives.
Solid minerals,  namely coal, coumbite, liginite, talc, marble, baryte, gypsum, iron, crude oil, among others abound in the country.
The mentioned resources ought to be a concrete foundation for development.
The improvement in the well being of citizens is usually   the ultimate objective of  visionary leadership all over the world. In addition, this is achievable by formulating an economic policy that would ensure unhindered access to the basic needs of life by citizens.
There is no doubt that today's political office holders ought to put in place policies that would have an immediate, visible and positive impact on the quality of lives of millions of impoverished Nigerians.
The Desperate and Wicked Heart
Well wishers, supporters, admirers and loyalists of political office holders are indeed, having a field day in Molusi, Olorunsogo, Onafuwa Solanke, Oyegbami, Oshodi, Aluko and Felele communities in Ibadan, Oyo state among several other communities in Nigeria. The situation is disturbing even as lawlessness and criminality persists.
Indeed, long before now, pick pocketing has become a means to an end in different parts of Nigeria, with no convincing effort from Those-in-Authority to combat the ugly trend.The hearts of those who insist that they are representatives of the people have become seemingly desperately wicked.

A former chairman of the Oyo state council of the Trade Union Congress(TUC), Comrade Andrew Emelieze has hailed the High Court judgment that vindicated the embattled president of the Association of Senior Civil Servants of Nigeria(ASCSN), Bola Audu for human trafficking.
Comrade Emelieze gave the commendation in a statement.
''The Judiciary remains the last resort of the common Nigerian. The high court's judgment has vindicated Bola Audu of human trafficking. This is a welcome development.
After over two years of trial, the court has finally declared that Comrade Bola Innocent Audu is truly innocent in the alleged case of human trafficking . Comrade Bola Audu, a staff of the Accountant General of the Federation, and also the National President of the Association of Senior Civil servants of Nigeria, (ASCSN), who also doubles as the National Vice President of the Trade Union Congress of Nigeria (TUC) was arraigned alongside three other civil servants for human trafficking. We are full of joy to hear of the victory of Bola Audu,'' Comrade Emelieze concluded.

Infrastructure is a necessity for development but may not be a condition for advancement.

Skilled labor, moral and social outlook, political situation and historical narratives all play critical roles in economic development.

Indeed, the store of technical knowledge is not at par with economic resources available at a given point in time, while corruption remains a major impediment to development.

Various conditions determine the inducement to invest, but in most cases, developing countries rely on a make-believe and cosmetic approach.

Unfortunately, this has not been successful.

The potential to develop is guided by the ability and willingness to save.

Sadly, the capacity to save in developing countries is low due to low real income, which in turn is as a result of low productivity and the visible absence of the enablers of development. Some countries remain in the vicious circle of poverty not because of the lack of natural resources and a conducive environment, but because of corruption, greed and self-centeredness among those-in-authority.

However, redundancy and ignorance are challenges for the workforce in focus.

Lawlessness is now the way of life in Nigeria, due to the lingering poverty and hunger in the land.
A review of the economy and security architecture will unravel the untold story, only if a transparent probe is conducted in the days to come.
A number of the crises in the last eight years have generated revenue for a few pockets, with millions of Nigerians always contending with the sufferings and hardships during such crises.
Indeed, the interests of Nigerians have been undermined or destabilized based on ethnic, religious and gender considerations.
Sadly,  the political leaders in the states, have failed to convincingly ensure a conducive environment, but are in the nick of time, seeking direct investment.
Investors can only develop confidence in the economy when there is regular electricity supply, free flow of potable water, good and motorable roads, security of lives and property, skilled and trained power and favorable incentives for startups.

Defendant extradited from the United Kingdom

BOSTON – A Nigerian man has been sentenced in federal court in Boston for his role in online fraud schemes.

Happy Chukwuma, 30, was sentenced on May 5, 2023 by U.S. Senior District Court Judge Douglas P. Woodlock to eight months in prison (time served). On April 10, 2023, Chukwuma pleaded guilty to one count of wire fraud conspiracy. Chukwuma was indicted by a federal grand jury in August 2019. He was arrested and detained in the United Kingdom in September 2022 and extradited to the United States in March 2023.  

Between November 2015 and January 2019, Chukwuma and his co-conspirators participated in a variety of online fraud schemes, including “phishing” and romance scams. They exchanged victims’ personally identifiable information, including identification and financial documents, and engaged in financial transactions with that information. Several of the victims whose information was compromised were from Massachusetts.  

Phishing schemes mimic the appearance of legitimate websites to gather victims’ online credentials, including usernames, passwords, financial account information, social security numbers and other types of personal identifiable information. In romance scams, perpetrators generally create fictitious online personas to develop online romantic relationships with individuals in the United States, and then leverage those relationships to obtain money and property.

United States Attorney Rachael S. Rollins and Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement today.  Assistant U.S. Attorney Mackenzie A. Queenin of Rollins’ Securities, Financial & Cyber Fraud Unit prosecuted the case. The Justice Department’s Office of International Affairs, the Government of the United Kingdom of Great Britain and the United Kingdom’s Metropolitan Police National Extradition Unit provided critical assistance in securing the arrest and extradition of Chukwuma.

Source-FBI

When drawing out your business plan, let the actions of customers influence your decision.
Make your business plan simple, straightforward and workable.
Adjust your plans to be in line with market feedback.

This has resulted in the sidelining of critical sectors of the economy.
Nigeria's quest for economic growth and national development, has overtime, been impeded by the absence of broad policy objectives and strategies for achieving the country's vision statement.

Policy choices all the while have impacted negatively on the economy, which has brought about social and political instability, declining welfare and economic stagnation.
Of worry is the long term effects of the huge debts of governments at all levels and the weak Naira on the economy.
This is compounded by the challenges the perpetual absence of credible and focused leadership will bring in its stride.
Indeed, the possibility of Nigeria translating its acclaimed potential to reality remains foggy, even as the government struggles to improve education and health systems to enhance human capital for development.
Assets Declaration
Transparency  in asset declaration is crucial to good governance.
Political office holders at all levels ought to declare their assets before inauguration into office in a democracy.
Sadly, the treasury at all levels of government was looted clandestinely, under the guise of ''it is our common wealth''.