Tag: owing

  • ‘Why Taraba is owing retirees N11b’

    Taraba government on Friday said the shortfall in revenue allocation and the need to pay salaries as at when due were reasons the state government was owing retirees N11 billion gratuity.

    The state’s Head of Civil Service, Mr Simon Angyo disclosed this at the state accountability programme ‘Face the Press’, organised by the Senior Special Assistant to Gov. Darius Ishaku on Public Affairs.

    He explained that though the government was promptly paying pension, salaries and other entitlements of workers and retirees, the backlog of gratuity would be cleared as soon as the state’s economy improved.

    Angyo expressed delight over the understanding reached between workers of the state owned University, Polytechnic, School of Nursing, and College of Education, who had earlier embarked on strike over unresolved issues with the unions.

    He said that government had engaged the respective labour unions into negotiations that yielded fruits, leading to the suspension of the strikes.

    “Let me inform you that as we speak, no union is on strike in the state. All the civil servants in the state who were on strike have called off the strikes.

    “We have engaged the umbrella union body for our Polytechnic, College of Education, School of Nursing and the Academic Staff Union of University and have reached a point where all the groups have agreed to call off the strikes.

    “This goes to show the commitment of the state government towards the well being of its workers.”

  • ‘Fed Govt owing construction firms over N500b‘

    ‘Fed Govt owing construction firms over N500b‘

    President, Federation of Construction Industry  (FOCI), Solomon Ogunbusola, yesterday said the Federal Government is owing construction companies over N500 billion.

    He lamented that most of his members are currently on the verge of extinction.

    “It is distressing to observe that many construction firms are on the verge of collapse as a result of the huge debts owed by the Federal, states and local governments,” he said in a statement.

    FOCI is the umbrella body for building and civil engineering contractors, sub-contractors, and plant and equipment suppliers.

    While congratulating Gen Muhammadu Buhari (rtd) on his election, he noted that FOCI has contributed in a great measure to the construction of modern Nigeria since FOCI’s incorporation in 1954.

    He said: “Reliable sources confirm that over N500 billion is owed by the Federal Government alone. This has led to loss of jobs within the industry. We wish to bring to notice of our president-elect that at present, the construction companies generally are working at 30 per cent capacity following the mass retrenchment of our workers due to delay/non-payment of certified jobs by various arms of government.

    “FOCI is concerned that if the situation is not arrested in good time, it could lead to further loss of jobs and eventual collapse of the construction industries.

    He also noted that with its over 100 registered members across the federation including but not limited to Julius Berger Nigeria Plc, Dantata & Sawoe, Cappa & D’ Alberto Plc, S & M Nigeria Ltd., Setraco Nigeria Ltd., P.W Nigeria Ltd, Gilmor Nigeria Ltd, Zebercel Ltd among others, the sector is operating below 40 per cent staff strength due to mass retrenchment.

    He appealed to the incoming administration for urgent intervention.

  • ‘NFF not owing Flying Eagles’

    ‘NFF not owing Flying Eagles’

    Secretary of the Nigeria Under-20 team currently, through to the final of the Africa Youth Championship (AYC) Aliyu Ibrahim Auwal, says contrary to reports making rounds the Nigeria Football Federation (NFF) is not owing the team any match bonus.

    Reacting to the news Aliyu told SL10.ng on phone from Senegal, that all of their match allowances have been paid and the bonus for the final game against Senegal will be in his custody by today.

    “It’s not true we are being owed, all our bonuses have been cleared as I speak to you, now we are in town shopping,” he told SL10.ng.

    “The only bonus we are yet to get is the one for the final match and I have already been informed it will be given to us a day before the match, so that report is false, as a matter of fact, praises should go to the Amaju Pinnick-led board of the NFF, for ensuring the boys are well motivated for the final match”.

    Nigeria will on Sunday take on host Senegal in the final match of the Africa Youth Championship and a win will give Nigeria a record seventh title, more than any other team in the history of the competition.

  • 13,000 debtors owing AMCON, says Chike-Obi

    13,000 debtors owing AMCON, says Chike-Obi

    The Asset Management Corporation of Nigeria (AMCON) yesterday said it is still being owed debts valued at billions of naira by 13,000 debtors.

    Its Managing Director, Mustafa Chike-Obi who spoke yesterday  while handing over Enterprise Bank Limited and Mainstreet Bank Limited to Heritage Bank Limited and Skye Bank Plc respectively,  said the corporation made over 25 per cent returns from each of the lenders, adding that it plans to sell Keystone Bank Limited immediately after the general elections next month.

    Chike-Obi commended the buyers while the AMCON Chairman, Alhaji Aliyu Kola Belgore presented awards to the former management of the bridged banks. Skye Bank and Heritage Bank also got goodwill letters from the corporation.

    The AMCON chief said bridging the banks was a necessity because of their impact on the banking system. He said it was the corporation’s choice to divest from the banks adding that the decision has been worthwhile.

    Managing Director, Heritage Bank Limited, Ifie Sekibo thanked the former Managing Director, Enterprise Bank, Ahmed Kuru for efficiently managing the bank by taking up the responsibility of assisting the Central Bank iof Nigeria (CBN) to stabilise the bridged bank and returning it to profitability.

    Group Managing Director of Skye Bank Plc, Timothy Oguntayo, said the bank saw value and synergies in the acquired bank and promised to harness and optimise the value. He thanked the regulators for granting all the required clearance and approvals that paved the way for the acquisition and eventual takeover.

    CBN Governor, Mr. Godwin Emefiele, warned against a reoccurrence of the factors which led to the takeover of the three bridged banks.

    He said if the bridge bank option had not been adopted in 2011, the systemic crisis in the banking sector would have been unprecedented and costly in terms of its effects on other banks.

    HBCL Investment Services Limited (HISL) is promoted by Heritage Bank paid N56 billion to acquire Enterprise Bank from the AMCON.

    Sekibo said the acquisition will enable the bank become bigger and more innovative. He said the combination of the two banks will produce a force to be reckoned with and a paradigm shift in the banking industry.

    “We have always seen Enterprise Bank as one of the potential giants in Nigeria’s banking landscape. With a truly vast branch network, innovative and professional staff, solid assets and large customer base, Enterprise Bank is easily one of the preferred banks for value creation wherever you might be in the country.

    “The partnership process will seamlessly birth an entity that would be optimum of excellence and innovation. In less than two years, we have redefined the concept of banking and emerged as one of the fastest growing banks in Africa. Partnering with Enterprise Bank, whose vision is in line with ours, will ensure we continue delivering distinctive financial services, building on our legacy of innovation while creating, preserving and transferring wealth across generations,” Sekibo said in a earlier statement.

  • What is wrong with Pastors owing private jets?

    What is wrong with Pastors owing private jets?

    Recent criticisms generated by the increasing number of our religious leaders acquiring aircrafts should be expected. This is so because such men of God are seen to be above the board and should be men not cut-out for worldly things. They are supposed to be men that should be distracted by the vanities of this world so that they can effectively discharge their duty of winning souls for Christ.

    They are expected, against all odds, to stand firm in faith even in the face of daunting earthly trials, persecutions and tribulations.

    But failure to adhere to this disciplined life is fast on the increase among a reasonable number of such high-flying Nigerian pastors.

    Basically, the church is founded on the principles of virtue and sacrifice for the sake of Christ – a foundation laid on the threshold of propagating Christ’s teachings – to win souls by helping to bring those who have gone astray into the fold and to lead the faithful to salvation, being the ultimate desire of every devout Christian.

    It is regrettable that many of our pastors and churches today have strayed away from this original obligation and purpose of pursuing righteousness, at the altar of chasing earthly material things as they never practiced what they preached.

    But contrary to popular position, the ownership of private jets among pastors is not a luxury but a necessity and an essential tool for their pastoral and public duties. These pastors claim that evangelism will be made easier and more efficient through the use of jets.

    However, the wealthy American, Warren Buffet recently punctured this line of argument when he said, “Everyone who says he needs a private jet to make important appointments is a liar. They need it for their ego. Name one of them that is busier than I am or who owns more US corporations than I do”. Buffet, who was once the richest man in the world, does not even own a jet as he often flies in commercial aircrafts!

    Forbes magazine claimed that the nation may have spent about $6.5 billion in the purchase of private jets by government officials and pastors, a trend that had grown exponentially from about 20 jets in year 2000 to the current level of more than 160.

    Top on Forbes’ list are pastors, especially, those of the Pentecostal churches, which have allegedly spent over $250 million on their new found hobby.

    Pastor Ayo Oritsejafor, President of the Christian Association of Nigerian is, perhaps, the latest but he’s really not the only one who now flies around the world in the comfort of his luxurious aircraft.

    Pastors David Oyedepo of the Living Faith Church (Winners’ Chapel) is also said to own three private aircrafts, namely the Gulfstream G550 said to cost over $40 million, Gulfstream V Gulfstream G450 and a Lear Jet, which cost about $15 million and $14 million respectively.

    Pastor Enoch Adeboye, General Overseer of the Redeemed Christian Church of God, RCCG, is said to own a Gulfstream Jet 5 brand worth $30 million. Pastors Joseph Agbodi of the Victorious Army Ministries, Sam Adeyemi of the Daystar Ministries and Temitope Joshua are said to own private jets, among others.

    With the array of jet-owing pastors, the general feelings among the

    people is that the expensive lifestyles of these pastors are in contrast with the teachings of Christianity, especially, amid the glaring poverty and hardship in the land.

    Such resources committed to flamboyance and misplaced priorities like the purchase of jets as well as the cost of maintenance could have been deployed into more useful activities that will have direct impact on the lives of the pastors themselves and the people, in terms of generation of employment, social services and municipal facilities that will, in turn, spawn income for the churches and invariably reduce the burden of imposing frequent levies on the already drained members.

    Apart from the controversial private jets, churches are now seen as places where religious leaders own choice properties, fortunes and to an extent, join the political train, to acquire power to become relevant in the

    society. This is made worse when religious leaders compete among themselves to own fleet of aircrafts, travel in expensive jeeps in convoys of siren-blaring vehicles or have chains of businesses – these acts call to question, the sincerity of those who claim to have such divine calling.

    Apart from some missionaries such as the orthodox and the Catholic Churches that have established schools, hospitals and other social services for both the rich and the poor, most of the churches that we now have run such ventures to secure their investments.

    In a desperate bid to get money, some religious leaders go extra miles to make clearly unsubstantiated, cynical and spurious claims from their followers, who attend these churches, in a bid to get miracles, which in most cases, are non-existent.

    From time-to-time, they organize vigils, crusades, deliverance services

    and other crowd-pulling revivals, to bring together as many multitudes of worshippers to contribute to a pool of offerings that are managed absolutely with largely low level transparency and devoid of accountability.

    Many of the so-called men of God are highly dictatorial as they engage in various antics such as divide-and-rule that tend to nefariously solidify their grip on the financial fortunes

    of their churches and weaken the collective will of their congregations and resist any form of lawful challenge.

    Proliferation of churches is, no doubt, a recent phenomenon in Nigeria as most of the existing ones were born in the late 1980s, after the economic depression occasioned by the Structural

    Adjustment Programme and the painful Breton Wood institutions induced policies. This is coupled with the prolonged military rule that had induced some negative socio-political consequences

    for the nation – endemic corruption, unemployment, sectarian crises and increased poverty.

    These societal problems, fostered by bad governance over the years had led not a few adherents to quickly wish for a way out of such problems that governments, as a constitutional duty, had failed to offer any succour – so the fastest and easy way-out – visit mushroom churches, dance and smile away sorrow.

    And at the end, people’s pitiable conditions remain same or even become more critical as the religious leaders smile home with financial resources at the detriment of these hapless people. It is instructive to note that recently, the Catholic Bishop of Sokoto Diocese, Most Rev Matthew Hassan Kukah, observed that ‘the acquisition of private jets by Christian leaders diminishes the moral voice of the church in the fight against corruption’.

    Kukah spoke against the backdrop of the presentation of a private jet to Pastor Ayo Oritsejafor, by members of his church, at the 40th anniversary of Oritsejafor’s ministry.

    The Prelate, who was guest speaker at the annual Founder’s Day Anniversary lecture of Providence Baptist Church in Lagos, described the exhibition of such opulence by church leaders as ‘embarrassing’.

    “The stories of corrupt men and women being given recognition by their churches or mosques as gallant sons and daughters and the embarrassing stories of pastors displaying conspicuous wealth as we hear from the purchases of private jets and so on clearly

    diminish our moral voice”, he had stated.

    The nation is in dire need of change, due to the near collapse of all known social institutions – government, economics, education and marriage. For other pastors that may be contemplating of

    purchasing their own private jets – which in all frankness is nothing but a status symbol – they should shelve such plans and be made to realize that the church, more than ever before, must be real agent of the much-desired change in the nation.

    •Kupoluyi wrote in from

    Federal University of Agriculture, Abeokuta.