ALLEGED N8.7B FRAUD: MALAMI’S BANKERS FILED SUSPICIOUS REPORTS ON HIS TRANSACTIONS-WITNESS. (PHOTO). #PRESS RELEASE.

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Alleged N8.7b Fraud: Malami’s Bankers Filed Suspicious Reports on his Transactions-Witness The Fourth Prosecution Witness, PW4, in the trial of the former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Wednesday, May 13, 2026, told Justice Joyce Abdulmalik of the Federal High Court, Maitama, Abuja, that Zenith Bank Plc, where the former AGF had account, filed Suspicious Transaction Report, STR, in respect of his transactions. The Economic and Financial Crimes Commission, EFCC, is prosecuting Malami alongside his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami, on amended 16-count charge, bordering on conspiracy, procuring, disguising, concealing and laundering proceeds of unlawful activities to the tune of N8,713,923,759.49 (Eight Billion, Seven Hundred and Thirteen Million, Nine Hundred and Twenty-Three Thousand, Seven Hundred and Fifty-Nine Naira, Forty-Nine Kobo), contrary to the provisions of the Money Laundering (Prevention and Pro...
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NLC VOWS TO RESIST NATIONAL ASSEMBLY’S PLAN TO DECENTRALIZE MINIMUM WAGE. (PHOTO).

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 NLC Vows to Resist National Assembly’s Plan to Decentralize Minimum Wage


The Nigeria Labour Congress (NLC) has pledged to fiercely oppose any move by the National Assembly to remove labour matters, including the national minimum wage, from the exclusive legislative list to the concurrent list, which would allow individual states to set their own workers’ wages.


Speaking on Friday at the National Administrative Council (NAC) meeting of the Central Working Committee in Abeokuta, Ogun State, NLC President Joe Ajaero described the proposal as an “exercise in futility” that undermines global labour standards. He cited International Labour Organisation (ILO) conventions, which treat the minimum wage as a national issue, recognizing countries as single entities rather than sub-national units like states.


Ajaero accused lawmakers of attempting to dismantle the national minimum wage structure and shift labour responsibilities, including the establishment of state industrial courts to handle wage disputes, to individual states. He argued that such a move violates ILO principles and would create inconsistencies in labour standards across Nigeria.


“The National Assembly should not pursue this plan unless they are also willing to let their states determine their own wages,” Ajaero stated, emphasizing the NLC’s resolve to protect the centralized wage system. The NLC’s stance highlights growing tensions between labour unions and lawmakers over the proposed restructuring of Nigeria’s labour framework.

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