Labour Party Condemns Seizure of Corper’s Discharge Certificate

Chuks Okocha in Abuja

 The Labour Party (LP) has called on President Bola Tinubu to halt his administration`s descent to “authoritanism” by directing the National Youth Service Corps (NYSC) to issue a discharge certificate to Ushie Rita Uguamaye, popularly known as Raye, who criticised poor monthly allowance for corps members.

The party also called on the president to “rein in overzealous state agents determined to turn Nigeria into a repressive state under the guise of protecting the regime.”

A statement by Ken Asogwa, Senior Special Adviser to the interim National Chairman, Sen. Nenadi Usman, noted: “The NYSC’s claim that Raye’s certificate was withheld because she missed her mandatory April 2025 biometric clearance is nothing more than a deliberate attempt to “give a dog a bad name in order to hang it.”

 It explained that the decision to withhold Raye’s discharge certificate, “is yet another vengeful act emblematic of President Bola Tinubu’s APC administration.”

“According to Raye’s account, her Local Government Inspector (LGI) unjustly denied her the opportunity to complete the biometric process for that month.

“Independent findings corroborate her story: Raye presented herself at the LGI centre in April with all required documentation, only to be turned away by the official on duty.

“It is deeply regrettable that freedom of expression and the right to hold opinions – guaranteed under Section 39(1) of the 1999 Constitution (as amended) – have effectively been criminalised by this intolerant APC government.

“What exactly did Raye say that is not already common knowledge? Is there any Nigerian today who does not know that this APC government is “terrible” in its policy initiatives and implementations? Why, then, should she be victimised for merely echoing an open secret?

“While it is no secret that this government is hypersensitive and incapable of accommodating dissent, particularly regarding its lacklustre policies that have impoverished millions and plunged over 133 million Nigerians into multidimensional poverty in just two years, we urge President Bola Tinubu to demonstrate at least a pretence of tolerance.

“He should immediately direct the NYSC to issue Raye her discharge certificate, having fulfilled all lawful requirements. The President must also rein in overzealous state agents determined to turn Nigeria into a repressive state under the guise of protecting the regime.

As this government continues its dangerous descent into authoritarianism, we call on all Nigerians to remain vigilant. Our democracy is endangered not only by the tyrannical impulses of this rudderless APC administration but also by the silence and acquiescence of men and women of good conscience.”

In March 2024, Ushie Rita Uguamaye, an NYSC member serving in Lagos State, posted a video decrying the cost-of-living crises, and the poor state of the welfare of corp members.

The video, in which she called President Bola Tinubu “a terrible president”, went viral. She also complained about the air quality in Lagos state. Her video spread widely across social media, generating many comments, as many Nigerians resonated with her concerns about the worsening economic hardship.

The controversy escalated further when Rita posted another video, which this time included the recording of a phone conversation with her NYSC Local Government Inspector (LGI), who threatened her with sanctions unless she took down the initial video, citing its political content.

Uguamaye later apologised for some of her comments, which she said were misconstrued as “talking down” on Lagos.

Raye, who is supposed to finish her service in the second quarter of the year, in a recent post on Instagram, raised an alarm, saying she went to the NYSC office to claim her discharge certificate, but she was not given.

Reacting to her post, the NYSC’s claim that Raye’s certificate was withheld because she missed her mandatory April 2025 biometric clearance, a statement the Labour Party described as “nothing more than a deliberate attempt to “give a dog a bad name in order to hang it.”

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    Investing in the stock market is a long-term strategy for building wealth. In Nigeria, as in other parts of the world, investors expect to benefit from dividends, capital appreciation, or both. However, the recurring problem of unclaimed dividends has cast a shadow over the credibility of the capital market, with many retail investors expressing frustration at the role of registrars. While these concerns are understandable, blaming registrars exclusively oversimplifies a much broader and more complex issue.

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    The delay in processing dividend claims is sometimes outside the registrar’s control. For instance: When shareholders provide incorrect or inconsistent data; When banks delay in validating or updating mandates and When investors fail to follow up after initial submission.

    Even in cases where shareholders visit registrar offices, delays may still occur due to missing documentation or legacy issues related to paper-based systems from decades ago.

    While the Securities and Exchange Commission (SEC) has taken steps, such as issuing a circular on unclaimed dividends and establishing the Unclaimed Funds Trust Fund, there may be a need for stronger enforcement and clearer redressal mechanisms.

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    Obligations and reduce the risk of identity theft:

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    *Jonathan Eborah, the Registrar/Chief Executive, Institute of Capital Markets Registrars, writes from jonathaneborah@yahoo.co.uk

    The post Addressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital Market appeared first on THISDAYLIVE.

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    Jonathan Eborah Investing in the stock market is a long-term strategy for building wealth. In Nigeria, as in other parts of the world, investors expect to benefit from dividends, capital
    The post Addressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital Market appeared first on THISDAYLIVE.

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