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The Acting Chairman of the National Salaries, Incomes and Wages Commission, Ekpo Nta, has promised pensioners that their earnings will also be increased after the Federal Government reached an agreement with organised on the new .

Nta stated this when the National of the Union of Pensioners, Abel Afolayan, visited him alongside the union’s leadership in Abuja.

Earlier, Afolayan had told Nta, “The issue is that the vast majority of the pensioners rely on the token they receive for survival. Tension has died down with the agreement reached between the FG and organised labour over percentage consequential adjustments increase; but with the pensioners, the tension is high, and if we don’t have anything tangible to present to them or tell them at our meeting next week in Ibadan, there will be problems. They (pensioners) will say when are we having our own structure and templates?

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“We still have people earning N2,000, some earning N10,000. Vast majority of pensioners in this country earn below N10,000. It is people in this category that are agitating. We want to know when our own will start on your table.”

Nta told the pensioners their allowance was not ignored during the minimum wage negotiation.

He said, “This is the time we should have a major reform in our pension administration concerning the pensioners. There must be total U-turn of pension management in the country. It is a huge repository of funds and you must be abreast of what is happening. Certain per cent were deducted from the pensioners’ salary when they were working and they must know how this fund is being spent.

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“You should not be asking for peanuts because if you don’t do it now, the problem that will come will be worse than the past. I agreed entirely with you; what I am saying is that it would be done.

“We must have a policy from the local government to the FG level on how to take care of our senior citizens. Everybody was aware during negotiation on the minimum wage and its consequential adjustment that there must be corresponding increase for pensioners and we shouldn’t wait for agitation again before we do that.”

He added, “If for it is N30,000, then you must also define what minimum earning pensioners should get. I know that government is already working on it. It is being addressed because all along the negotiations, it has always been in consideration, and it was asked at the Federal Executive Council meeting; so everybody is aware that it must be done.”

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Abass Sulaiman Adegoke, well known as Adegoke is a student of Federal Polytechnic Ede studying Civil Engineering, He is a media enthusiast, loves traveling, and has a special interest in personal development.

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BREAKING: Shoprite begins moves to leave Nigeria

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South African superstores, Shoprite Holdings Limited, has stated it will auction its outlets in , The Nation can report.

The decision, it said, was informed by the COVID-19 pandemic, which it said has affected businesses worldwide.

In its “Operational and Voluntary Trading Update (52 Weeks Ended 28 June 2020)” released on Monday, the megastores with presence in virtually all parts of Nigeria said the retail supermarkets arm will be disposed.

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The update reads: “Following approaches from various potential investors, and in line with our re-evaluation of the Group’s operating model in Nigeria, the Board has decided to initiate a formal process to consider the potential sale of all, or a majority stake, in Retail Supermarkets Nigeria Limited, a subsidiary of Shoprite International Limited.

“As such, Retail Supermarkets Nigeria Limited may be classified as a discontinued operation when Shoprite reports its results for the year. Any further updates will be provided to the market at the appropriate time.”

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Order Buhari To Publish Details Of Govt Loans Since 2015, SERAP Tasks Court

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THE Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal High Court, Abuja to order Muhammadu Buhari to “publish details of loans that have been obtained by the government since May 29,  2015, including the interest rate, the total amount of debts so far incurred by this government as well as details of the  projects on which the loans have been spent.”

Joined as respondents in the suit number FHC/ABJ/ CS/785/2020 are the Attorney- General of the Federation and  Minister of Justice, Mr Abubakar Malami; Minister of Finance, Budget and National Planning, Ms Zainab Ahmed, and the director-general of the Debt Management Office, Ms Patience Oniha.

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SERAP is seeking “an order of mandamus to direct and compel President Buhari to tell Nigerians the names of countries and bodies that have given the loans, specific repayment conditions and whether any public officer solicited and/or received bribes in the negotiations for any of the loans and if there is a plan to audit the spending of the loans to resolve any allegation of mismanagement and corruption.

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SERAP is also asking the court to “direct and compel President Buhari to tell Nigerians if he would instruct the  Independent Corrupt Practices and other related offences Commission (ICPC) and the Economic and Financial Crimes  Commission (EFCC) to monitor the spending of all loans obtained since May 2015.”

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