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Osun POS operators announce new charges

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The Association of Mobile Money and Bank Agents in Nigeria, AMMBAN, Osun State Chapter has revealed that it will review upward its charges for Point of Sale, POS, transactions.

AMMBAN disclosed that its decision is as a result of the current economic reality in the country which has negatively impacted the business.

It also revealed that another resultant effect is that many POS agents have already been shown the way out of the business.

The association which made this known in a statement released at the end of its general meeting on Saturday in Osogbo also contended that if the trend continued unchecked, it was capable of blowing the unemployment rate out of proportion leading to an imminent threat to security of lives and properties.

In the statement signed by the State Chairman, Badru Asimiyu and the State Secretary, Gbadebo Lukman, the association lamented the numerous challenges facing POS Operators presently in the country.

“Problems such as the surging inflation, overwhelming increase in transport fare and other overhead costs, tightened source of funding, increase in rents, staff demand for salary rise, high POS paper costs, data subscriptions, security costs, multiple taxation/levies, loss of funds through licensed operators’ channels, fraud, and robbery attacks are confronting our members.

“Despite all these, agency banking, also known as POS business, remains the greatest SME sector that is easy to enter for an average youth to earn a living, in fact the greatest employer of labour in the country today.

“We therefore direct POS Operators in Osun State to adjust the service fees in a patriotic manner as collectively agreed at the meeting to allow both the agents and the customers a breathing atmosphere in the face of galloping inflation and naira floating marauding all and sundry.

“The new prices are as follows: N1000-N3900 =N100, N4000-N5900= N150, N6000-N7900=N200, N8000-N10000=N250.

“All our zones are also directed to ensure POS operators carry out their services in line with the agreed convenience fees for transactions and in accordance with peculiarities of each zone in a patriotic manner.”

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Senators jostle over seats in newly renovated chamber

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A rowdy session marred the resumption of the Senate to plenary on Tuesday as senators fought over the seats.

The plenary had started around 11 am and immediately after the procession, the Senate President, GodsWill Akpabio, read out announcements, specifically the names of the lawmakers who had celebrated their birthdays while the Senate was on break.

It was while the announcement was ongoing that Senator Sahabi Yau (APC, Zamfara North) started to raise his voice at the Senate leader, Opeyemi Bamidele (APC, Ekiti Central) while he in return pointed his finger at Yau as if giving him a stern warning.

Immediately, Danjuma Goje (APC, Gombe Central) joined his colleague Yau in shouting at Bamidele and the chairman, of Senate Services, Sunday Karimi (APC, Kogi West) who was in charge of the seating arrangements.

The fight was triggered by the seating arrangement in the newly renovated hallow chamber.

Some ranking Senators were said to have been angry at the seats allocated to them in the front row on the last right side of the aisle.

The Senate President eventually told them to approach the chair one after the other but Yau didn’t oblige him.

The rowdy session lasted for about 20 minutes as senators bickered.

After the Senate President read his welcome-back speech, the Senate leader, moved that the Senate resolved into a closed-door session.

The Senate after that, at about 12: 05 pm resolved into an executive session.

The Senate had on March 20, adjourned plenary till April 16, but postponed resumption twice to allow for the completion of the chamber which had been under renovation since 2022.

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Electricity tariff hike: You failed Nigerians, Falana blasts Power Minister

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Human rights lawyer, Femi Falana, has passed a vote of ‘no confidence’ on the Federal Government, saying that the minister of Power, Adebayo Adelabu, has failed Nigerians.

Falana was reacting to Adelabu’s appearance before the Senate on Monday to defend the increase in the electricity tariff and what Nigerians would pay.

He also stated that the move was a policy imposed on the Nigerian government by the International Monetary Funds and the World Bank.

Speaking on the Channels TV show on Monday night, Falana said, “The Minister of Power, Mr Adebayo Adelabu has failed to address the question of the illegality of the tariffs.

“Section 116 of the Electricity Act 2023 provides that before an increase can be approved and announced, there has to be a public hearing conducted based on the request of the DISCOS to have an increase in the electricity tariffs. That was not done.

“Secondly, neither the minister nor the Nigeria Electricity Regulatory Commission has explained why the impunity that characterized the increase can be allowed.”

Falana also expressed worry over what he described as impunity on the part of the federal government and electricity regulatory commission.

Falana alleged that the Nigerian government is heeding an instruction given to her by the Bretton Wood institutions.

The Senior Advocate of Nigeria accused Western countries led by the United States of America of double standards.

According to him, they subsidize agriculture, energy, and fuel and offer grants and loans to indigent students while they advise the Nigerian government against doing the same for its citizens.

Following the outrage that greeted the announcement of the tariff increase, Adelabu explained that the action would not affect everyone using electricity as only Band A customers who get about 20 hours of electricity are affected by the hike.

Falana, however, insisted that neither the minister nor the National Electricity Regulatory Commission, NERC, had justified the tariff increase.

The senior lawyer said that Nigerian law gives no room for discrimination against customers by grading them in different bands.

He insisted that the government cannot ask Nigerians to pay differently for the same product even when what has been consistently served to them is darkness.

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Israeli PM vows ground attack on Rafah “with or without” deal

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Israeli Prime Minister, Benjamin Netanyahu, on Tuesday pledged to launch a ground attack on Rafah “with or without” a deal with Hamas.

Speaking in a meeting with families of hostages, Netanyahu said that Israel had begun the evacuation of Palestinian civilians from Rafah, according to his office.

“We will enter Rafah and eliminate Hamas battalions there, with or without a deal, to achieve the total victory,” he said.

Israel considers Rafah as Hamas’s last major stronghold in the Palestinian enclave.

Rafah is Gaza’s southernmost city, where about 1.2 million Palestinians have been seeking shelter.

The remarks were made as Israeli and Hamas negotiators were in Egyptian-brokered talks on a deal for a ceasefire for the nearly seven-month-long Gaza conflict that will secure the release of hostages.

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