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December 28, 2023 Civil Service Crippled After Christmas Holidays

Civil Service Crippled After Christmas Holidays

Civil servants in Akwa Ibom, Abia and Imo States are yet to resume work after the two-day public holiday for the Christmas celebration.

The Federal Government had declared Monday, December 25, and Tuesday, December 26, as public holidays.

Inspiration Fm went round Government facilities in Uyo and its environs observed that the Idongesit Nkanga secretariat and Federal Secretariats on Abak road which is usually a beehive of activities, were virtually empty.

Most of the offices were under lock and key, while the ones that opened had a few workers, who were busy cleaning up their tables and lockers.

NAN reported that Secretariats in most parts of the predominantly Christian south experience low or no turnout of workers, with many having traveled to spend the holidays with loved ones.

It was also observed that most of the shops and kiosks located within the secretariat complex, which were usually busy during weekdays, were still locked.

Some of the civil servants, who reported to work, were seen exchanging Christmas pleasantries.

Security operatives at these locations say the workers might not return till after the New Year holidays.

December 18, 2023 Electricity Subsidy Costs FG N376bn

Electricity Subsidy Costs FG N376bn

The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it was gathered on Sunday.

The latest power subsidy figures obtained in Abuja from the Nigerian Electricity Regulatory Commission, an agency of the Federal Government, showed that the government subsidised electricity in the first, second and third quarters of 2023.

It was also gathered that power distribution companies billed electricity users a total of N1.06tn nationwide during the nine-month period, but collected N782.6bn despite the blackouts in many parts of Nigeria.

On subsidy payments, it was observed that in the first quarter of this year, the Federal Government subsidised power by N36bn, this increased to N135.2bn in the second quarter, and jumped to N204.6bn in the third quarter. Figures for the fourth quarter are not because we are still in the fourth quarter of 2023.

Providing reasons for the subsidy in its just-released third-quarter 2023 report, the NERC stated that it was due to the absence of cost-reflective tariffs.

It said, “In the absence of cost-reflective tariffs, the government undertakes to cover the resultant gap (between the cost-reflective and allowed tariff) in the form of tariff shortfall funding. This funding is applied to the NBET (Nigerian Bulk Electricity Trading Company) invoices that are to be paid by Discos.

“The amount to be covered by the Disco is based on the tariff that they are allowed to charge and set out as their Minimum Remittance Obligation in the periodic Tariff Orders issued by the Commission.

“It is important to note that due to the absence of cost-reflective tariffs across all Discos, the government incurred a subsidy obligation of N204.59bn in 2023/Q3 (average of N68.20bn per month), which is an increase of N69.37bn (+51.3 percent) compared to the N135.23bn (average of N45.08bn per month) incurred in 2023/Q2; this increase is largely attributable to the government’s policy to harmonise exchange rates.

“The rise in the government’s subsidy obligation meant that in 2023/Q3, Discos were only expected to cover 45 percent of the total invoice received from NBET. For ease of administration of the subsidy, the MRO is limited to NBET only with the MO (Market Operator) being allowed to recover 100 percent of its revenue requirement from the Discos.”

On the payment of electricity bills, it was observed from the three quarterly reports of the power regulator, that consumers paid N247.09bn, N267.86bn and N267.61bn in the first, second and third quarters of 2023 respectively. This represents a total of N782.56bn.

It was also observed that during the three quarters: first, second and third, the electricity bills from Discos to consumers were N349.55bn, 354.61bn and N359.38bn respectively. The total bill for the nine-month period was N1.06tn.

November 28, 2023 EFCC Warns of New ATM Card Swap Fraud

EFCC Warns of New ATM Card Swap Fraud

The Economic and Financial Crimes Commission (EFCC) has alerted Nigerians about the Automated Teller Machine (ATM) Debit Card swapping fraud.

EFCC issued this warning in a statement signed by spokesperson, Dele Oyewale, with the Commission inundated with barrage of complaints from well-meaning Nigerians concerning unauthorized withdrawals from their bank accounts.

Oyewale in the statement said investigations by the Commission have linked such complaints to ATM Debit Card swapping fraud.

“The modus operandi of fraudsters involved in this nefarious practice involves keeping a debit card of the same bank, and in the guise of helping a confused bank customer at any ATM point, swaps the card in such a hurry that the customer would not notice and at the same time memorises the pin used in trying the fake cards,” he said.

He stated that these cards get stuck in the machine due to a wrong pin and the fraudster quickly abandons the victim, advising him or her to report to the bank while making away with the victim’s card to make immediate withdrawals from the account.

Oyewale said this card swapping typically happens in any service delivery point, such as Point of Sale (POS) terminals, ATM points, among others.

The fraudulent practice is gaining momentum across the country and the banking public has been enjoined by the EFCC to be more circumspect in the use of debit cards.

The Commission added that in view of the foregoing, the following tips may be useful in avoiding further financial losses by the banking public: Cards should be kept in sight or a safe place.

“Whenever you get your card back after making any payment, make sure it is actually your card and not just one that looks similar. Regularly check your bank statements for any unknown transaction,” Oyewale said.

“Set transaction alerts to monitor any activity on your accounts or with your bank card. Cover the keypad with your hand or body when entering your PIN at POS terminal/ATM machines.

“Do not be in a rush to make payments or withdrawals and request for assistance only from officials of the bank. Call your banks to block your ATM cards immediately when your cards are stuck in the ATM machines or whenever you observe any irregularity.

“Ensure you know your bank’s ATM offline blocking code and quickly make use of it whenever it is misplaced or stolen. Dial the USSD code *966*911# and follow the pop-up instructions to block your ATM card instantly.”

Oyewale said the EFCC will not relent in safeguarding personal, corporate and national finances in its quest to rid our nation of all forms of economic and financial crimes.

November 21, 2023 #SLI: Breaking Free from the Comparison Trap: Embracing Your Unique Journey to Joy

#SLI: Breaking Free from the Comparison Trap: Embracing Your Unique Journey to Joy

In exploring the comparison conundrum, the aim is to shed light on the complexities surrounding this ubiquitous aspect of human behavior, urging readers to navigate life’s journey with self-awareness and acceptance

It reminds me of a J. Cole’s song titled “Love Yours.” Following that, take note of the quote: “Comparison is the thief of joy.”

Now, let’s delve into the conversation and explore the perspectives of our guests, Mr. Ukeme Umoh and Mr. Dachief Umoh, both social analysts, on the topic of comparison. In our recent talk on Sharing Life Issues, we discussed the pressure of comparison and how comparing ourselves to others can really mess things up. People end up doing crazy stuff just to be like someone else.

  • The central query emerges: Is comparison a trap?

According to Mr. Ukeme Umoh, , comparison involves scrutinizing others and perceiving a lack in oneself, fostering a desire to acquire what others possess. Comparison happens when you look at someone and think they have something you don’t. It’s about putting yourself next to that person and figuring out what they have that you don’t, and why you should have what they’ve got. Mr. Dachief Umoh expands on this, highlighting how people often place themselves on the same pedestal as those significantly above them, inadvertently dragging themselves to places they never thought possible and lengths that they never could imagine they could go. In essence, comparison is about positioning yourself beside another person, attempting to acquire what they have or to be someone you’re not.

Examining the concept of healthy comparison, Mr. Dachief Umoh dismisses the idea, asserting that there’s no such thing as healthy comparison. He argues that comparison stems from desire, not necessity, emphasizing that everyone is unique, with each person having a distinct purpose in the world. On the contrary, Mr. Ukeme Umoh holds a different view, suggesting that comparison can sometimes help overcome complacency. He believes in looking at what others are doing, especially if you feel you’ve reached the supposed end of your journey.

Dachief contends that each person has a unique life path, emphasizing that just because someone has something at 22, like a house, while another person at 50 doesn’t, doesn’t imply failure. He emphasizes that individuals should follow their own life routes without being influenced by the trajectories of others.

While comparing with someone heading in the same direction isn’t necessarily frowned upon, Mr. Dachief emphasizes the distinction between needs and wants, asserting that comparison typically arises from desires rather than genuine needs. He stressed the uniqueness of individuals, highlighting that no two people are alike, and their life journeys will never be identical. Therefore, comparing oneself with others becomes illogical, considering that various factors can influence one’s path to success. Which means you have to understand who you are in the first place, and understand where you are going to, because, someone might make it at 22 while another person is suppose to make it at 30 because of certain things that are on your path to that “making it”.

Mr. Ukeme, concurring with Mr. Dachief to some extent, introduces the idea of healthy comparison, suggesting that looking at individuals at similar life stages can provide a motivational push. If someone is achieving success in a shared pursuit, it can inspire the belief that you can accomplish the same, especially if you’re engaged in similar endeavors. While Mr. Ukeme acknowledged instances where looking at others can be beneficial, he underscored the need to be cautious and suggests doing so selectively, particularly when combating complacency.

 

Written by Maris “Damaris” Iloka

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