. . . . As Obi fails to address minimum wage issue

WORKERS in the employ of the Anambra State Government yesterday walked out of the venue of the Sixth Public Service Lecture organised by the state government disappointed.

The workers had thought that Governor Peter Obi would use the occasion to make a pronouncement on the N18,000 minimum wage, but were dissapointed as the governor carefully avoided the topic throughout his address.

Our correspondent sighted many of the workers speaking in hushed tones, while others murmured before the started walking out one afther the other.

The governor, however, reassured residents of the state that he would leave Anambra State far better than he met it, saying that the era of pensioners gnashing their teeth on retirement had gone, as retirement benefits will now be paid as when due.

Obi had used such fora to make strong statements on workers' wages in the past, but his current stand on the issue is that no two states in the federation should be compelled to pay uniform wage.

Meanwhile, the Central Bank of Nigeria (CBN) has said that the need for a strong, reliable and viable banking system where the bulk of depositors’ funds available to any bank informed the regulation of the banking sector of the economy.

CBN’s Deputy Governor and Head of its Financial System Directorate with responsibility for implementing the far reaching reform of the Nigerian financial system and ensuring financial system stability, Dr. Kingsley Chiedu Muoghalu, said this yesterday at a lecture on ‘Nigeria’s Banking Sector Reform’, organised by the Office of the Head of Service, Anambra State,
He identified fostering a strong, safe, stable and reliable banking system as the primary objective of the banking regulation and supervision. Muoghalu said it would engender and sustain the confidence of depositors and other stakeholders, and that the banking sector reform became inevitable following the global financial crisis.

The CBN deputy governor also said that an equally virile, responsive, efficient and effective public service is necessary to create the enabling conditions for economic growth and development.

He identified failure of risk management and corporate governance characterised by corruption, fraud, greed, self-serving tendencies and other unethical practices as the causes of various banking sector crises witnessed in the past.


http://www.compassnewspaper.com/index.php?option=com_content&view=article&id=1840:-anambra-workers-walk-out-of-public-service-lecture-&catid=37:general-news&Itemid=607

Greedy and selfish politicians . . .

I really wonder when this 'monkey dey work, baboon dey chop' policy will end in Nigeria!