Business

Trade Union Congress Sacks 25 Officers across States, citing “flagrant disobedience”

Published

1 week ago

June 1, 2026

OCHEFA

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The national leadership of the Trade Union Congress of Nigeria (TUC) have sacked 25 members among key officers across Lagos, Rivers, Enugu, and Bayelsa state.

The expulsion followed an emergency NEC meeting in Lagos, where the members adopted the recommendations of a disciplinary committee set up to investigate alleged acts of disobedience and misconduct by some officers and affiliates.

In a communiqué jointly signed by TUC President, Festus Osifo, and Secretary-General, Nuhu Toro, the NEC announced the expulsion of 11 members from Lagos, Rivers, Enugu, and Bayelsa state councils.

Among those expelled from the Lagos State Council are Abiodun Aladetan of the Association of Senior Civil Servants of Nigeria, ASCSN, Gbolahan Kabiawu of the National Union of Allied Health Professionals NUAHP, Veronica Egbukichi of ATSSSAN, and Salau Oladele of SSAUSCGOC.

Others affected by the NEC decision include members from Rivers, Enugu, and Bayelsa State councils, while 14 officers were suspended for a period of two years.

The communiqué stated that the disciplinary committee was mandated to review cases of “flagrant disobedience” of NEC resolutions and to recommend sanctions where necessary after granting fair hearing to affected individuals.

Following the expulsion, the NEC directed that all expelled persons should cease immediately from acting in any capacity on behalf of the TUC, including participation in meetings, negotiations, elections, public engagements, and media appearances.
The NEC further barred the affected persons from using TUC’s name, insignia, documents, financial instruments, and other official properties, warning institutions and the public against dealing with them as representatives of the union.

The NEC maintained that discipline remained indispensable to the survival and integrity of the Congress.
“The strength of TUC depends on the willingness of all officers, members and affiliates to respect its Constitution, obey the decisions of its organs and place the institution above individual considerations,” the communiqué stated.

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Tony Elumelu’s United Capital Secures approval to operate in Ethiopia

Elumeu lauded the transformational Prime Minister of Ethiopia, His Excellency @AbiyAhmedAli , for promoting economic reforms and regional cooperation, the Director General of Ethiopian Capital Market Authority @CMAEthiopia , Ms. Hana Tehelku, and the team at @UnitedCap on this landmark achievement.

Published

6 hours ago

June 9, 2026

OCHEFA

12 Views

United Capital Group has again secured regulatory approvals to commence operations in Ethiopia.

Its Chairman, Tony Elumelu, broke the news on Tuesday, via his official X.

” This development is particularly noteworthy because Ethiopia only recently opened its financial sector to foreign participation, making United Capital’s entry a historic step for both the company and the ongoing integration of African capital markets,” said Elumelu.

Last month, United Capital commenced operations in Rwanda, marking its formal entry into East Africa and reinforcing its ambition to build a leading continental financial services institution.

The Group’s newly established entities include United Capital Trustees Rwanda Limited, licensed to provide trusteeship services, and United Capital Financial Services Rwanda Limited, licensed to offer investment management services, including portfolio management, investment advisory, capital mobilisation, capital market advisory, and fund management solutions.

With this development, United Capital now operates in 11 countries, including Nigeria, with a strong presence in key African markets, a recent expansion into the eight countries within the West African Economic and Monetary Union (WAEMU) region, alongside a growing footprint in East Africa.

According to Elumelu, African institutions are increasingly leading, competing, and succeeding across the continent.

For decades, Africa witnessed foreign capital flowing in while profits largely flowed out.

That narrative is beginning to change.

This is Africapitalism in action — a vision that recognizes the importance of both indigenous and international capital working together to finance Africa’s development and unlock shared prosperity.

Business

Lagos developing world – class new business district —Sanwo-Olu

Sanwo-Olu said Lagos was deliberately building a globally competitive economy driven by innovation, infrastructure and private-sector participation.

Published

10 hours ago

June 9, 2026

OCHEFA

19 Views

• Invest Lagos Summit 3.0: Secretary to the Lagos State Government, ‘Bimbola Salu-Hundeyin (right); Member, House of Representatives, Kafilat Ogbara; Commissioner for Innovation, Science and Technology, Tunbosun Alake; Chairman, Commonwealth Enterprise & Investment Council (CWEIC), Lord Jonathan Marland; Vice President Kashim Shettima; Governor of Lagos State, Babajide Sanwo-Olu; his Deputy, Dr. Obafemi Hamzat; Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Bada Ambrose-Medebem; Deputy Chief of Staff to the Governor, Sam Egube, Dr Toyosi Akerele-Ogunsiji and members of the State Executives Council at the opening of Invest Lagos 3.0, themed: “Lagos – The Business Gateway to Africa”, in Lagos, yesterday.

Lagos State Governor, Babajide Sanwo-Olu, has disclosed that as part of efforts to deepen access to global capital, his administration is developing the Lagos International Financial Centre (LIFC), envisioned as a world-class financial district that would strengthen the state’s position as a gateway for investment into Africa.

Speaking yesterday at the third edition of the Invest Lagos Summit, attended by Vice President Kashim Shettima, other governors, foreign investors, development finance institutions and business leaders, Sanwo-Olu said Lagos was deliberately building a globally competitive economy driven by innovation, infrastructure and private-sector participation.

Sanwo-Olu said that the state had recorded significant economic progress in recent years through targeted reforms across transportation, digital infrastructure and industrial development.

Highlighting key infrastructure achievements, Sanwo-Olu cited investments in road networks, waterways and rail transportation, describing them as critical enablers of economic growth and investor confidence.

The governor noted that Lagos was increasingly serving as a gateway to African markets and global capital, positioning itself at the centre of continental trade under the African Continental Free Trade Area (AfCFTA).

According to him, Lagos remains one of the continent’s most strategic economic hubs, with a population exceeding 25 million and a gross domestic product steadily approaching the $300 billion mark.