NLC Raises Alarm Over Alleged ₦20bn Emergency Contracts at TCN

  The Nigeria Labour Congress has petitioned the Federal Government over what it described as a planned ₦20bn ā€œemergency refurbishmentā€ contract within the Transmission Company of Nigeria, warning that the move could drain public resources and further weaken the country’s already fragile electricity transmission infrastructure. In a letter dated Sunday and addressed to the Minister…

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Naira Redesign:Ā EFCC Witness Reveals Bank Hoarding During Naira Crisis.

ABUJA — An investigator with the Economic and Financial Crimes Commission (EFCC) has officially linked commercial banks to the currency crisis of 2022. Testifying before the FCT High Court on Tuesday, Chinedu Eneanya confirmed that various banks hoarded newly redesigned notes. This institutional infraction reportedly intensified the severe cash scarcity that crippled businesses and households…

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