Business
Trade Union Congress Sacks 25 Officers across States, citing “flagrant disobedience”
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 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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Business
WEF could appoint Lagarde as its next chair, sources say
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
•European Central Bank President Christine Lagarde
The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider reshuffle at the top of the ECB.Lagarde’s ECB term is scheduled to end in October 2027.
Leaving early would give European Union leaders a chance to pick a new ECB President before France’s spring presidential election, which opinion polls suggest the far-right could win, and could pave the way for a deal involving two other senior ECB roles.
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
No final decision has been taken yet, they said.
A spokesperson for the WEF said the forum could not confirm when the next full Board of Trustees meeting would take place, but that the aim was to hold one before the end of the year.
Business
Germany plans tax on sugary drinks
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
The German cabinet has approved draft legislation to tax sugary drinks in Europe’s biggest economy.
If passed by the German Bundestag, the tax will take effect on 1 July 2027.
The coalition aims to raise revenue for the federal budget while encouraging manufacturers to reduce sugar content and offer healthier products.
The levy is intended to ease pressure on the healthcare system, which faces costs of more than €2 billion every year linked to the high consumption of sugary drinks, which contributes to obesity, diabetes and tooth decay.
According to the federal government, Berlin is using the tax to implement “what associations from the fields of health, science, child protection, and consumer protection have long been demanding.”
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
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