Business
CDDN Reject NLC, Ajaero’s Attempt To Deceive Nigerians, Manipulate Public Sentiment
The Citizens for Democratic Dividends in Nigeria (CDDN), completely reject the attempts by the Nigeria Labour Congress (NLC) and its President, Joe Ajaero to deceive Nigerians and manipulate public sentiment.
We consider their fraudulent claim of betrayal as an insult to the collective intelligence of Nigerians and a blatant attempt to exploit the genuine grievances of the people for personal gain.
The CDDN, ina statement by its Executive Director, Comrade Ahmad Musa Idris, rejects any maneuver by Ajaero or the NLC to drag Nigerians into covering up Ajaero’s alleged terrorism charges and his efforts to manipulate the truth.
Joe Ajaero’s recent statements, where he claims that the government betrayed the labor movement by failing to honour a supposed agreement on a ₦70,000 minimum wage without a corresponding increase in fuel prices, are nothing but a desperate ploy to garner sympathy and deflect attention from his own criminal charges.
CDDN recalls that NLC and Ajaero openly recently betrayed the Nigerian people when they were desperate for their salary increase without taking cognizance of the plight of millions of ordinary people.
Ajaero’s sudden outcry, after months of inaction, is not only sad but also a testament to his disregard for the true interests of the Nigerian people.
When Nigerians were facing unbearable hardship and called for nationwide protests, Ajaero and the NLC turned a blind eye. They refused to participate in the protests, prioritizing their minimum wage agreement over the suffering of millions of Nigerians.
Now, faced with accusations of treason and alleged involvement in a plot to overthrow the government, Ajaero seeks to drag the NLC and the Nigerian people into his personal legal battles. This is a clear attempt to use the labour movement as a shield to escape justice.
The CDDN categorically states that Joe Ajaero must carry his cross alone. Nigerians will not be deceived by his tactics. It is evident that Ajaero is not acting in the best interests of the Nigerian people but is instead using their genuine grievances as a smokescreen to protect himself from prosecution.
The Nigeria Police’s accusation of treason against Ajaero is a serious matter that must be addressed in court, and the NLC should not be used as a pawn in this dangerous game by Ajaero whose interest and that of the downtrodden that need real salvation are in dissonance.
We urge all Nigerians to remain vigilant and not allow themselves to be manipulated by those who seek to exploit their struggles for personal gain. The CDDN will continue to stand for justice, transparency, and the true democratic dividends that every Nigerian deserves.
The Corporate Affairs Commission (CAC) has directed companies, limited liability partnerships, and business owners operating under unregistered business names to register within six weeks.
In a statement on Tuesday, the CAC warned that failure to register will result in enforcement action, including prosecution.
“The commission wishes to inform the general public that its a criminal offence under Section 863 of the Companies and Allied Matters Act, 2020 to carry on business in Nigeria as a Company, Limited Liability Partnership, Limited Partnership or under a Business Name without registration under the Act or by a name (or acronym) other than the name (or acronym) by which the business was registered under the Act,” the statement reads.
“The General Public should note that Section 729 of the Act requires every Company registered under the Act to state its name as registered and its registration number outside every place where it carries on business.
“In addition, the Company is required to state its registered name and registration number on all its official publications, including its letterhead, signage(s), marketing and publicity materials.
“In particular, the General Public should note the provisions of Section 862 (1) of the Act which provides that any person who, in any document required by, or for the purpose of any of the provisions of the Act (including the aforementioned official publications of a Company), makes a statement which is false in any material particular knowing it to be false, commits an offence and is liable on conviction to imprisonment for a term of two years in addition to a daily fine against the Company for every day during which the offence continues.
“In view of the foregoing, every Company, Limited Liability Partnership, Limited Partnership and Business Name proprietor(s) is hereby required to ensure full compliance with the above requirements of the Act within six (6) weeks of this notice failing which the Commission shall take all necessary steps (including prosecution) to enforce compliance.”
In April 2024, Mahmud Bello, the commission’s registrar-general, said business owners in Nigeria can conveniently register their businesses online within 48 hours.
The Minister of Interior, Dr Olubunmi Tunji-Ojo, has announced plans to establish a centralised system for the authentication and verification of all travel documents in Nigeria.
He made this known during a meeting in Abuja on Tuesday with the United Kingdom’s Minister of State, David Hanson.
In the company of Hanson were delegates from the UK Home Office, National Crime Agency, and the British High Commission.
According to Tunji-Ojo, the initiative aims to tackle immigration and document fraud, particularly those associated with border control.
“We discovered that one of the key drivers of rising document fraud is the absence of a centralised, real-time verification system,” he said.
“Currently, if someone submits 20 documents, you may need to contact 20 different issuing agencies to verify them. That breeds inefficiency.”
He explained that the proposed system would allow real-time verification of all documents—such as bank statements, passports, and certificates—at a single centre.
The minister also said Nigeria was ready to take the lead in formulating a regional strategy for border control, noting that regional differences required customised approaches.
“To tackle a heterogeneous problem with a homogeneous approach will not work,” Tunji-Ojo stated.
“That’s why we’re planning a regional border conference to allow for the development of unified yet adaptable strategies to combat migration and border-related challenges.”
He further disclosed that Nigeria’s EU visa solution platform would go live on May 1.
According to him, this will allow for more efficient processing and international cooperation while safeguarding national security and promoting investment.
“We now have a policy that ensures a response—approval or rejection—within 24 to 48 hours of applying for an EU visa,” he said.
Speaking on President Bola Tinubu’s Renewed Hope agenda, Tunji-Ojo emphasised the administration’s commitment to preventing corruption rather than merely reacting to it.
“Our performance will be judged not by the number of convictions or recoveries but by how many crimes or frauds we prevent,” he said.
In his remarks, Hanson expressed the UK’s readiness to continue collaborating with Nigeria to improve criminal justice outcomes.
Hanson noted that the UK was reviewing its e-visa system and migration policies while exploring ways to expand trade, business, and skills development opportunities with Nigeria.
“My colleagues at the High Commission are eager to maintain strong engagement with the Nigerian government,” he said
According to him, the UK looks forward to enhancing cooperation in tackling crime and fraud.
“You can rest assured that the National Crime Agency, the High Commission, and the Home Office are ready to extend a hand of partnership,” he said.
The Central Bank of Nigeria (CBN) has announced a significant review of the documentation requirements for transactions conducted through the Pan-African Payment & Settlement System (PAPSS) in Nigeria.
This initiative is part of CBN’s ongoing commitment to foster seamless intra-African trade, financial inclusion, and operational efficiency for Nigerians engaging in cross-border payments within Africa.
In a circular dated April 28, 2025, CBN introduced simplified documentation for low-value PAPSS transactions — allowing individuals and corporates to use basic KYC and AML documents for transactions up to USD 2,000 and USD 5,000 respectively. Higher-value transactions will still require full documentation as outlined in the CBN Foreign Exchange Manual.
The CBN also stated that Authorized Dealer Banks (ADBs) can now source foreign exchange for PAPSS settlements directly from the Nigerian Foreign Exchange Market, without relying on the CBN. Additionally, export proceeds repatriated via PAPSS must be certified by the processing banks.
The apex bank urged all banks, exporters, importers, and individuals to familiarize themselves with the new guidelines and leverage PAPSS for seamless cross-border transactions across Africa.
Launched by Afreximbank in partnership with the African Union and the African Continental Free Trade Area (AfCFTA) Secretariat in January 2022, PAPSS serves as a centralized payment and settlement platform that enables instant, secure, and efficient cross-border transactions throughout Africa.
By facilitating payments in local currencies, PAPSS minimizes reliance on third-party currencies, reduces transaction costs, and supports the rapid expansion of trade under the AfCFTA.