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FCT Minister, Nyesom Wike Involved In Land Grabbing Scheme In Abuja—-Thecloudngr reports that an investigation by an online publication has revealed that Nyesom Wike, the Federal Capital Territory (FCT) Minister, is allegedly involved in a widespread land-grabbing operation, using front companies to acquire lands in various parts of Abuja.

TCN understands that documents obtained by SaharaReporters implicated Wike, along with Kingsley Chinda, the Minority Leader in the House of Representatives, who is reportedly a director in one of the companies, Saravera Nigeria Limited.

The report claims that Wike and his associates have been using front companies such as Saravera and Aleed Construction Limited to illegally take over revoked lands, reallocating them to their cronies.

The scheme, which allegedly includes figures like Adapoyi Akor, is said to involve the systematic appropriation of lands from unsuspecting citizens, leaving them homeless.

This revelation has drawn calls for investigations by the Code of Conduct Bureau (CCB), with several leaders demanding that President Bola Tinubu intervene.

The Southern Leaders Council has urged the CCB to act swiftly and hold both Wike and Chinda accountable for what they describe as land racketeering and abuse of office. There are also growing demands for the House of Representatives to suspend Chinda.

Furthermore, sources within the FCT Administration have called for a comprehensive audit of all revoked lands, particularly focusing on those allegedly reallocated under Wike’s directive.

“This is documentary evidence of how Wike revokes innocent people’s lands like the late Colonel Ogbebor and reallocates to himself using front companies managed and owned by his confidant, Kingsley Chinda, a sitting House of Reps member in violation of the Code of Conduct law and one Adapoyi, his agent,” Sahara Reporters quoted a source as saying in the report.

Another company in the land-grabbing scandal is Garden City Mall, Port-Harcourt which is alleged to have ties with Wike.

“Nigerians are watching to see how DSS and President Tinubu will handle this smelly FCT land scam to either confirm or disapprove the rumour by Wike camp that the president is part of everything they do with peoples lands and his people are also beneficiaries,” another source quoted in the report stated.

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#ARSAVL: Watch Free Livestream Match Between Arsenal Vs Aston Villa Here

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#ARSAVL

#ARSAVL: Watch Free Livestream Match Between Arsenal Vs Aston Villa Here—-Thecloudngr reports that free Premier League match between Arsenal and Aston Villa has emerged.

Watch the livestream match below:

CLICK HERE TO WATCH

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How Sterling Bank Uses Tiered Salary Structure to Hold Down Staff Without Promotion

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Sterling Bank

How Sterling Bank Uses Tiered Salary Structure to Hold Down Staff Without Promotion—-Sterling Bank’s recent 7% salary increase which was announced earlier this month has been met with widespread criticism and disappointment among its employees, who feel undervalued, overworked, and underappreciated.

According to sources, the bank’s Executive Trainees (ETs) will receive a monthly raise of ₦24,000, from ₦327,000 to ₦351,000, while Senior Executives will receive a monthly raise of ₦27,000, from ₦500,000 to ₦527,000.

Employees have expressed frustration and disappointment with the raise, citing the bank’s failure to keep up with Nigeria’s soaring inflation rate.

The tired salary structure of the bank has sparked a crisis of morale and motivation among Sterling Bank’s staff, with employee engagement and productivity hitting an all-time low. This has significant implications for the bank’s business, as customer satisfaction is likely to suffer.

In contrast, other banks in the industry have taken a more aggressive approach to salary increases. Union Bank and GTBank raised salaries by 40% in late 2024, in a bid to retain top talent in an industry plagued by high employee turnover and poaching.

Research shows that competitive salaries are key to reducing employee attrition in Nigeria’s banking industry. Sterling Bank’s failure to deliver on this front may have far-reaching consequences for its business.

All attempt to get Sterling Bank’s management to respond as at press time proves abortive, but insiders say that the bank’s leadership is aware of the growing discontent among its employees.

As the situation continues to unfold, one thing is clear: Sterling Bank’s employees will not be silenced, and they will continue to demand a fair and living wage.

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