South Korea’s impeached president, currently suspended from his duties and under arrest, appeared in court on Tuesday for hearings that will determine his official removal from office. The former prosecutor ignited political turmoil in the country on December 3rd when he declared martial law, suspending civilian rule and deploying soldiers to parliament. This attempt at imposing martial law was short-lived, lasting only about six hours, as the opposition-controlled parliament defied the armed troops, voted down the decree, and subsequently impeached him for his actions. In addition to the impeachment proceedings,…
Day: February 4, 2025
Telecom Tariff Hike: NLC Pauses Protest, Awaiting Review Outcome
The Nigeria Labour Congress (NLC) has called off its planned nationwide protest against the recent 50% hike in telecom tariffs. This decision followed a meeting between NLC representatives and government officials at the Office of the Secretary to the Government of the Federation in Abuja. The tariff increase, implemented by the Nigerian Communications Commission (NCC), was justified by the regulator as necessary due to rising operational costs, including inflation, foreign exchange fluctuations, and increased energy expenses. The NCC cited its mandate under the Nigerian Communications Act, 2003, to ensure the…
Procurement fraud: Emefiele Fights EFCC’s Request for More Witnesses
Embattled former governor of the Central Bank of Nigeria, Godwin Emefiele, has urged the Federal Capital Territory High Court in Abuja to bar the Economic and Financial Crimes Commission from calling additional witnesses after 10 had testified in his ongoing procurement fraud trial. Emefiele’s lead counsel, Matthew Burkaa (SAN), contended that since EFCC listed only 10 witnesses in the proof of evidence it filed in court, it should not be allowed to call additional witnesses. But the EFCC’s prosecuting counsel, Rotimi Oyedepo (SAN), opposed the application, asserting that further testimonies…
PenCom issues new guidelines on PFAs’ branches
The National Pension Commission (PenCom) has released a new circular outlining the operational guidelines for Licensed Pension Fund Administrators (PFAs) regarding their branches and service centers. This directive aims to enhance service delivery by PFAs to meet the growing demand for pension-related services. PenCom, established under the Pension Reform Act 2004, is responsible for regulating, supervising, and ensuring the effective administration of pension matters in Nigeria. The circular specifically targets improving the accessibility and efficiency of services offered to Retirement Savings Account (RSA) holders. The circular outlines specific requirements for…