Why FG banned 113 vessels from crude oil lifting –Investigations UDEME AKPAN
Labinjo
Vol. 5 N0. 1160
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acts emerged yesterday that the ban on 113 vessels from lifting crude from Nigerian oil
terminals was not unconnected with current moves by President Muhammadu Buhari administration to tackle head-long all forms of abuses that had characterised crude oil lifting over the
Tuesday, July 21, 2015
Senate impunity, threat to Buhari’s govt, democracy –Jibrin
past years. Investigations by National Mirror showed that the sanctioning of the affected vessels was based on security reports following ongo-
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National Mirror Online
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Buhari has clear agenda for Nigeria, says Obama Troops winning war against B’Haram –President Seeks U.S. support in tracing looted $150bn P
ROTIMI FADEYI ABUJA
resident Barrack Obama of the United States yesterday expressed confidence in the ability of his Nigerian counterpart, President Muhammadu Buhari, to tackle the multiple challenges facing the country. Obama gave the assurance in Washington DC, when he received President Buhari, who is on a four-day official visit to the U.S. According to him, Buhari CONTINUED ON PAGE 2>>
President Muhammadu Buhari (left) with President Barack Obama during their meeting in the White House Oval Ofice in Washington DC, US, yesterday.
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Ondo workers set for strike over unpaid salaries P7 P.7
Cameroun repatriates 2,000 Nigerians over Boko Haram attack 3 policemen, 5 others killed in fresh Damaturu bomb blast
Govt may arraign Dasuki, Obua for treason
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National Mirror www.nationalmirroronline.net
Cameroun repatriates 2,000 Nigerians over Boko Haram attack LIVINUS MENEDI YOLA
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ver 2,000 Nigerians have been deported by Cameroonian government in the past one week, investigation by National Mirror revealed. This was even as eight persons, including three policemen died in a fresh bomb attack in Yobe State yesterday. The deportees, according to findings by our correspondent were Internally Displaced Persons, IDPs, taking refuge on Cameroonian soil as that country tries to grapple with worsening insecurity due to attacks by the Islamic Boko Haram sect. Our correspondent learnt that Nigerian Immigration Service, NIS, were yesterday notified about the repatriation of 1,500 IDPs of Nigerian nationality taking refuge in camps set up by Cameroonian government along its border with Nigeria. Only last week, NIS Comptroller in charge of Adamawa and Taraba states, Mr. Ubi Ikpi Nkanu, disclosed the repatriation of 520 Nigerians by Cameroonian authorities. An immigration official, who did not want his name mentioned, disclosed that NIS was contacted by the Cameroonian government about the repatriation of the 1,500 citizens. He explained that the ac-
tions of the Cameroonian authorities was not willful but as a result of “security concerns based on their suspicion that some of the attacks on their home soil were perpetrated with the collaboration of some of the IDPs.” He said the fear that some members of the dreaded Islamic sect may be amongst the IDPs, caused the Cameroonian authorities to take the “involuntary action of repatriation and thereby dismantling the camps in the affected location.” “It was part of precautionary steps being taken by Cameroonian authorities to deal with worsening insecurity on its home soil arising from escalating Boko Haram attacks. “The Cameroonian government has begun the closure of IDP camps along its borders, with the repatriation of 1,500 IDPs back to Nigeria,” the official said. The repatriated persons were mostly women and children, our correspondent learnt. The deportees were yet to be evacuated due to logistic constraints on the side of the Nigerian authorities and are now camped at Sagoda, a border community adjoining both countries. Already, officials of Borno State are said to be in touch with their Adamawa State counterpart to collaborate to ensure the resettlement of the deportees in
the camps of either of the two states. But their evacuation has been hampered by the absence of trucks or bus to convey them back to the country. It was learnt that the involvement of Borno State was borne out of the fact that most of the deportees are from the state, who fled the horrific attacks on Gworza and other communities by the sect. Meanwhile, three police officers were killed in a bomb blast during a vehicle search at a checkpoint outside Damaturu, the capital of Yobe State yesterday. The state Police Spokes-
man, Toyin Gbadegesin had initially said that two police officers were among eight people who died, including two bombers. But he later said: “More investigations as to the circumstances of the incident have revealed that all the other five people, including a woman, were in the car that exploded. “Three policemen were killed in the blast,” he added. The explosion occurred at about 1:00p.m to the north of the city, on the main road to Maiduguri, Borno State. “A police highway patrol team was searching vehicles just outside the city and an
SUV with a foreign number (plate) arrived at the spot,” a witness Umar Goni said. “The police were uncomfortable, so they decided to search the vehicle. While the search was going on, another SUV arrived. It was stopped for the same search.” The second car exploded during the search, he added. A reporter with state-run Yobe Television, who was at the scene shortly after the blast, said a handbag belonging to the woman in the car was found and some explosives were recovered and defused. Gbadegesin confirmed his account.
It was not immediately clear whether the checkpoint was the target but Boko Haram Islamists have hit police stop and search points in the past. Damaturu has also been repeatedly attacked during the six-year insurgency, most recently last Friday, when explosives strapped to three girls exploded near a Muslim prayer ground and a mosque. Thirteen people were killed. The latest deaths take the number of people killed this month alone to nearly 500, and nearly 760 since Muhammadu Buhari became president on May 29, according to an AFP count.
L-R: Governor delegates, Abiola Ajimobi (Oyo), Adam Oshiomhole (Edo), Rochas Okorocha (Imo), President Muhammad Buhari, Tanko Al-Makura (Nasarawa), former Rivers State governor, Hon. Rotimi Amaechi; Kashim Shettima (Borno); Pastor Tunde Bakare (8th left), in a meeting with the United States delegates at Blair House, Washington DC, on Sunday.
Buhari has clear agenda for Nigeria, says Obama CONTINUED FROM PAGE 1
has come with a clear agenda to tackle the problem of insecurity occasioned by activities of Boko Haram as well as other violence criminal activities. Obama expressed appreciation for Buhari’s leadership style so far, saying his administration would continue to assist and help Nigeria in overcoming its challenges. He also assured that the American government would continue to partner with Nigeria in ensuring political stability in Africa and around the world. He described Nigeria as one of the most important countries in the world and congratulated the country for conducting peaceful elections.
“It is a great pleasure to welcome President Buhari and his delegation here in the White House for his first visit since the historic election that took place. “Nigeria is obviously one of the most important countries in the world, one of the most important countries in the African continent. “Recently, we saw an election in which a peaceful transition to a new government took place. Nevertheless, the people of Nigeria understand that only through a peaceful political process can change take place. “President Buhari came into office with reputation for integrity and a very clear agenda that is to make sure that he has been bringing safety, security and peace to
his country. “He is very concerned about the spread of the violence that is taking place there and the atrocities and has a very clear agenda in defeating Boko Haram and extremists. “I want to emphasise how much I appreciate President Buhari’s work so far. I have seen him put together a team so that we can do everything that we can to help him succeed and help the people of Nigeria succeed,” Obama said. He also commended Nigeria for taking leadership position in the fight against the spread of diseases like Ebola and polio, pledging that his administration would continue to accord the country the necessary recognition to bring peace
to Africa and the world. In his remarks, President Buhari commended the American government for mounting pressure on former President Goodluck Jonathan’s administration to conduct a free and fair election in Nigeria. According to him, Nigeria will remain forever grateful to America for this singular act. “The visit of the Secretary of State before the elections to see the former President, the chairman of the Independent National Electoral Commission and the opposition was a positive trend that saw us through the elections. “And, the maintenance of pressure by United States mainly and Europe to make sure that the elections were
free, fair and credible made us to be where we are now. “It would have been almost impossible if the United States did not maintain the pressure on the former Nigerian government,” Buhari said. He thanked Obama for inviting him to visit his country as well as his administration’s support to Nigeria. Buhari also met with Vice President, Joe Biden, who said Nigeria must tackle corruption and weak institutions for the country to enjoy the goodwill and benefit of reforms. Biden, speaking when he hosted President Buhari to a breakfast meeting at his official residence located at the Naval Observatory, stated that seasoned technocrats must manage key sectors of
the Nigerian economy for investors to be attracted to the country. At the meeting, Buhari and Biden had the opportunity to compare notes on the ongoing terror war and ways to successfully win the fight against terrorism, according to a statement issued yesterday by special adviser to the President on Media and Publicity, Mr. Femi Adesina. Biden shared with his guest what the United States had learnt from terror wars, counselling that victory could not come from military option alone. According to him, military option must be combined with strong socio-economic support programmes, CONTINUED ON PAGE 5>>
National Mirror www.nationalmirroronline.net
Tuesday, July 21, 2015
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Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
L-R: A beneficiary, Mr. Ozioko Christopher; Vice Chairman, Peace Mass Transit (PMT), Mrs. Ifeyinwa Maduka and Chairman, Mr. Sam Maduka, during the presentation of buses as long service award to staff of the transport company in Enugu, on Sunday. L-R: CBN Governor, Godwin Emefiele, President Muhammadu Buhari and Vice President Yemi Osinbajo, all smiling and looking great in Agbada during a Ramadan fast break at the Villa
L-R: Senior Elder, The Capstone Church, Pastor Tokunbo Johnson; Convener, The Couples Breakfast meeting, Pastor (Mrs.) Funmi Johnson; Pastor (Mrs.) Araba Akoni and Lead Pastor, First Assembly, Ogba, Pastor Steve Akoni, during this month’s Couples Breakfast meeting at the University of Lagos, Akoka, yesterday.
L-R: Wife of Oyo State Secretary to the State Government (SSG), Mrs. Bola Ali; celebrant, Mr. Tunde Laniyan; his wife, Christy, and SSG, Dr. Lekan Ali, during the 60th birthday lecture of Tunde Laniyan, a former chief press secretary in Oyo State, in Ibadan, on Sunday.
National News Tordue Salem ABUJA
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ouse of Representatives group loyal to ex-Minority Leader, Hon. Femi Gbajabiamila, for the position of House Majority Leader, yesterday kicked against the principle of federal character adopted by the Speaker, Yakubu Dogara, for allocations of posts in the green chamber. The group in a lengthy statement issued on Monday and signed by Hon. Nasiru Sani Zangon Daura (APCKatsina), said the federal character principle adopted by the pro-Speaker group only applies to appointive positions and not elective ones. The lawmaker claimed that should the principles be applied, it would mean that one of the chambers of the National Assembly would have been headed by a lawmaker from the South. “We stand on our earlier position that, while we accept and agree with the principles of federal character, the constitutional
NASS crisis: Gbajabiamila group rejects zoning provisions in that regard are strictly in reference to appointments into the federal executive and its agencies. “The principle of federal character is not intended to be given such elasticity to the extent that it extends to the running and internal workings of the House, which is not a government agency and whose members are not appointed but elected. “Assuming the federal character was meant to apply to the National Assembly, certainly one of the Houses of the National Assembly should have been headed by a southerner. Remember sir, that in the run-up to the election of the Senate president and Speaker, our party made a deliberate choice to apply this same principle of federal character such that all qualified zones will be
represented in the spirit of national unity, which we embrace. But we all know how that ended. “Furthermore, to accept the Speaker’s arrangement would mean the two most powerful positions in the Senate and House after the presiding officers would be occupied by the North,” he stated. In the statement, the lawmaker, on behalf of his group, warned that the ‘change’ principle should not be ditched on the altar of zoning. “While we maintain that our party’s mantra of ‘change’ for the growth and development of our dear nation requires that merit should not be sacrificed on the altar of zoning, we have painstakingly ensured that in the selection of our leaders in the House, all zones are represented, except the South
East, which unfortunately, is currently excluded from holding leadership positions because the House Rules disqualifies ‘inexperienced’ members from holding leadership positions. “Unfortunately, all our party members from the South East are first term legislators. The South East can be adequately compensated through other means without violating our rule on appointment of principal officers,” he said. He maintained that “Hon. Dogara, in paragraph 7 of his letter quoted the provisions of section 147 of the Constitution, which specifically requires that the President in appointing ministers shall observe the federal character principle as provided in section 14. He has inadvertently made
our point that the federal character principle is applicable only to the executive and its agencies. If the framers of our constitution had intended same to apply to the running of the legislative Houses, similar provisions, which mandated the President specifically, would have been included in the case of the National Assembly. This is how laws are interpreted and all lawyers know this, including the Speaker. This legal principle of interpretation is known as the ‘exclusion units rule of interpretation.’” According to him, “again, the Speaker referred to the Third Schedule, Part 1c of the constitution, which he quoted in part, leaving out vital provisions that would not support the position of zoning in the National Assembly. We encourage the party to
read this provision closely, particularly section 8, which lists bodies over which the Federal Character Commission has jurisdiction. Indeed, section 8 of the third schedule sets up the Federal Character Commission and it provides as follows: “In giving effect to the provisions of section 14(3) and (4) of this constitution, the commission shall have the power to – (a) Work out an equitable formula subject to the approval of the National Assembly for the distribution of all cadres of posts in the public service of the federation and of the states, the armed forces of the federation, the Nigerian police force and other government security agencies, governmentowned companies and parastatals of the states ….”
National Mirror www.nationalmirroronline.net
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Tuesday, July 21, 2015
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Why FG banned 113 vessels from crude oil lifting –Investigations CONTINUED FROM PAGE 1
ing probe as directed by the President of those involved in the ‘juicy’ crude oil lifting
business. The probe, which started in June, was aimed at unravelling unbridled illegali-
ties in the crude oil lifting regime, especially those perpetrated by some vessels and their owners, as well
as other operational infractions that were against the nation’s interests. Although details of the
A resident fetching crude from residual crude oil leakage from Adibawa Well 8 at Edagberi Community, Ahoada West LGA in Rivers State, yesterday. PHOTO: NAN
Buhari has clear agenda for Nigeria, says Obama CONTINUED FROM PAGE 2
He also promised that his country would assist Nigeria in that direction to successfully prosecute the war against terror. The United States Vice President congratulated Buhari on his victory in the March 28 presidential election, adding that it was obvious that the President enjoyed the confidence and support of the Nigerian people. Responding, Buhari thanked the United States for standing by Nigeria in the run up to the general elections, with a message that America would not brook the subversion of the people’s will. On oil theft, Buhari estimated the losses at between $10bn and $20bn, stressing that such revenue could have been deployed with salutary impact on various spheres of national life like education and healthcare, among others. At the meeting, the U.S. and Nigeria pledged renewed commitment to work as partners. During an interview with the Washington Post, President Buhari acknowledged that people are already complaining that he is slow in effecting the promised change. He however said the “task cannot and should not be rushed.” The President, during the interview promised that his cabinet would be appointed in September. “When cabinet ministers are appointed in September,
it will be some months after I took the oath of office. It is worth noting that Obama himself did not have his full cabinet in place several months after first taking office; the United States did not cease to function in the interim. “In Nigeria’s case, it would neither be prudent nor serve the interests of sound government to have made these appointments immediately on my elevation to the presidency; instead, Nigeria must first put new rules of conduct and good governance in place. “I cannot stress how important it is to ensure that this process is carried out correctly, just as it has been crucial to first install the correct leadership of the military and security services before we fully take the fight to Boko Haram. “There are too few examples in the history of Nigeria since independence where it can be said that good management and governance were instituted at a national level. “This lack of a governance framework has allowed many of those in charge, devoid of any real checks and balances to plunder. “The fact that I now seek Obama’s assistance in locating and returning $150bn in funds stolen in the past decade and held in foreign bank accounts on behalf of former, corrupt officials is testament to how badly Nigeria has been run. “This way of conducting our affairs cannot continue.
“Indeed, the failure of governance, it can be argued, has been as much a factor in Nigeria’s inability thus far to defeat Boko Haram as have been issues with the military campaign itself. “So the path we must take is simple, even if it is not easy: First, instill rules and good governance; second, install officials who are experienced and capable of managing state agencies and ministries; and third, seek to recover funds stolen under previous regimes so that this money can be invested in Nigeria for the benefit of all of our citizens,” he said. Buhari also said Nigeria was winning the war against terrorism, noting that Boko Haram has been “degraded.” According to him, the sect no longer has the capability to launch major offensive and as such resorted to attacking soft targets. He said following the sack of service chiefs, their replacements were not based on connection to government, but on track records and qualification. “These new military leaders will be based in Borno State in northern Nigeria, where the headquarters of the armed services has been relocated. “This shift of resources and command directly to the front line, in addition to the replacement of the head of the State Security Service, Nigeria’s intelligence organisation, and a new emphasis
on working in partnership with our neighbours, have equipped us to take the fight directly to Boko Haram. “Already we are beginning to see a degrading of Boko Haram’s capabilities as a fighting force. “In recent weeks, it appears to have shifted away from confronting the military directly to an increase in attacks on civilian areas, as we saw only last week when an elderly woman and a 10-year-old girl blew themselves up at a Muslim prayer gathering in north eastern Nigeria. “We should not be confused by this change, hateful as it is: It does not mean that Boko Haram is succeeding in its aims - it shows that it is losing. The President called for the support of U.S. and the international community to tackle the task ahead. He said: “We seek the support and partnership of the United States in these tasks. The importance of the fight against terrorism and corruption in Nigeria, Africa’s most powerful economy and largest populace, cannot be underestimated. “Our allies can provide the much-needed military training and intelligence as our soldiers take the war effort to Boko Haram. Similarly, we look up to U.S. businesses as well as the Obama administration to help develop governance initiatives that can ensure that Nigeria’s wealth benefits all its people, not just a few. “
security report that allegedly indicted the 113 vessels were not available to our correspondent as at the time of filing this report, a top Presidency source, who preferred not to be identified in print, confirmed that the latest action delisting the vessels from those authorised to lift products, was necessary to send the right signals to illegal operators that it can no longer be business as usual. “It was based on the intelligence report that President Muhammadu Buhari granted approval to the Nigerian National Petroleum Corporation, NNPC to sack the vessels from lifting the nation’s crude oil. “The Group General Manager, Crude Oil Marketing Division of the Corporation, Mr. Gbenga Komolafe has already communicated the decision to terminal operators in order to enable them enforce the directive,” he confirmed. The source, who declined to mention the names of affected vessels, maintained that some of them were fronted by politicians and did not properly register for lifting crude oil. Group General Manager, Group Public Affairs Division of NNPC, Mr. Ohi Alegbe, could not be reached for comments as at the time of going to Press. But another source in the Corporation said: “The President Buhari-led administration has a clear insight into the workings of the industry. It should be trusted and supported to transform the industry and by extension the nation’s economy.” Executive Director, Spaces for Change, Mrs. Victoria Ohaeri, a close watcher of developments in the industry, told National Mirror during a telephone interview that the ban was in order if they were found to have been involved in illegal operations. She indicated that the Federal Government should not only ban but also go further to impose serious sanctions on the owners. “I strongly believe that the oil and gas industry is important to many stakeholders, especially the oil companies and the Federal Government that needs to generate adequate funds for the implementation of its projects.”
“Consequently, it becomes imperative for the government to bring about sanity in the industry in order to prevent leakages and corruption,” she maintained. Director General, Lagos Chamber of Commerce and Industry, Mr. Muda Yusuf, said the Federal Government should be commended for taking such a bold step to sanitise the industry. He said: “The government should let Nigerians know the vessels and the promoters concerned. It is the right of Nigerians to know, especially under the nation’s Freedom of Information Act. “It is a good thing to ban vessels suspected to be promoting illegalities in the process of lifting the nation’s crude oil from one place to another.” The NNPC had on Sunday announced the ban of the 113 tankers from lifting products due to sharp practices recorded in the export of Nigeria’s crude. Group General Manager, Crude Oil Marketing Division of the Corporation, had indicated in a directive to terminal operators that the vessels were banned from entering Nigerian oil facilities and territorial waters. Platts, that provides global energy trading information to stakeholders, broke the news on the Corporation’s directive. It stated: “The NNPC has prohibited 113 tankers from engaging in crude oil/gas loading activities in any of the terminals within the Nigerian territorial waters until further notice. “The affected vessels have also been barred from movements within the Nigerian territorial waters forthwith. Finally, enforcement of the above directives takes immediate effect pending a notice to the contrary by Government, please.” NNPC’s grievance with the shipping companies stemmed from issues surrounding output figures related to crude oil exports at the ports of discharge. It was stated that there had been a few incidents between Nigerian authorities and their crude oil buyers on differences between the volumes of crude that were discharged when compared to the volumes on the bill of lading.
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National Mirror www.nationalmirroronline.net
FG may arraign Dasuki, Obua for treason OMEIZA AJAYI
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arring any lastminute change of plan, the Federal Government will this week arraign former Chief Security Officer, CSO to former President
Goodluck Jonathan, Mr Gordon Obua, for treason. He would be arraigned alongside former National Security Adviser, NSA, Colonel Sambo Dasuki, who is accused of sleaze and illegal possession of firearms. Obua’s arrest came after
the secret police clamped down on the houses of former National Security Adviser, NSA, Colonel Sambo Dasuki, who is also being investigated over security spending running into billions of naira. Obua was arrested on Thursday in connection
with ongoing investigations by the Department of State Services, DSS, on alleged movement of large sums of “security money” under the last administration, as well as oil theft in the Niger Delta. Meanwhile, there was unconfirmed report last
night that the state of health of Obua may be worsening. His lawyer, Onochie Onwuegbuna, had at the weekend alleged that the DSS was denying his client access to medications, in spite of being diabetic and hypertensive. Although unconfirmed
reports alleged that Obua, who has been on hunger strike, may have slipped into a coma yesterday. Since the reported transfer of its spokeswoman, Marilyn Ogar, the DSS has no known spokesperson yet, which makes it difficult to confirm any story from the agency.
No secrecy in NASS procedures –Mark
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L-R: South African Afro-pop artiste, Malaika Tshedi Mbolo; Director, Brand Communication and Sponsorship, AFRIMA, Matlou Tsotetsi; Assistant Communication Manager, ONE Campaign, Yannick Tshimanga; Chairman, International Media Committee of AFRIMA, Steve Ayorinde and Brenda Mtambo, during AFRIMA Stakeholders’ Conference at Crowne Plaza, Rosebank, Johannesburg, South Africa, recently.
Buhari’s visit: Rule of law, economy, others top discussion –Adefuye
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igerian Ambassador to the United States, Professor Ade Adefuye, has said the commitment of Nigeria to the democratic process, rule of law and good governance was important to the United States. Speaking with journalists shortly before arrival of President Muhammadu Buhari to the United States, Adefuye said the visit of the president would bring about improvement in the quality of relations between the two countries. According to him, the visit would also strengthen relationship between Nigeria and the United States and ensure renewed commitment to protection of Nigeria’s territorial integrity in terms of tackling the menace of Boko Haram. He added that the United States would like to see a shift from oil to non-oil export and improvement in agricul-
ture, power, infrastructure and solid materials, as well as other areas that would help diversify the economy. Adefuye said the United States would also like to see a world where there would be consultations than confrontations and a situation where the two countries would work together for mutual benefit. He noted that Nigeria is the largest trading partner of the United States and therefore would want to maintain the relationship. The Ambassador expressed optimism that concrete steps would have to be taken towards achieving the objectives of the two countries at the end of Buhari’s visit. Buhari left the country on Sunday for the United States where he would hold discussions with President Barak Obama. The two leaders are expected to discuss is-
sues that would focus on ways of assisting Nigeria recover stolen funds and strengthen collaboration in the fight against Boko
Haram/ The meeting would also discuss ways to work together to ensure stronger economic ties.
ormer Senate President, Senator David Mark, on Monday stressed that there was no secrecy regarding the affairs of the National Assembly. In a statement issued by his Media Assistant, Mr Paul Mumeh, in Abuja, Mark insisted that parliamentary practices and procedures dictate that all issues were carried out in the open. Mark, who was reacting to recent insinuations that the National Assembly budgets and salaries were shrouded in secrecy, maintained that such allegation was borne out of deliberate mischief, blackmail or outright ignorance. “How can anyone claim that the National Assembly budget is secret, or that our earnings were secret? “The National Assembly budget is part and parcel of the federal budget. It is not a separate document. “If anybody is in doubt,
he or she should get a copy of the national budget and clarify. “It is a public document, unless you are saying you have never seen the national budget. “It is sad and ridiculous when people give impression that the National Assembly budget has continued to be increased annually. “This is not correct. It is unwarranted and a needless accusation,” he said. Mark added that the National Assembly under his leadership was bold, courageous, steadfast and truly patriotic. “We stood on the side of the people, the truth, and transparency and above all, in the interest of the nation.” He cautioned against reducing critical national matters to politics, stressing that people should not play politics with serious national issues like appropriations.
18-year-old in remission from HIV despite stopping drugs AGENCY REPORT
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n 18-year-old French woman is in remission from HIV despite not having taken any drugs against the virus for 12 years. Doctors have presented the details of her case at an International Aids Society, IAS, conference in Vancouver. It is the world’s first report of long-term remission from HIV in a child. Experts say big studies are needed to determine why some patients can continue to control the virus after stopping treatment. The woman was born in 1996, and was passed HIV by her mother either to-
wards the end of the pregnancy or during childbirth. Aged three months, she was given four anti-retroviral drugs. But her family decided to stop the treatment when she was almost six years old. Twelve years later, the virus levels in her bloodstream are too low to be measured, although doctors have cautioned that this could change. This is strong evidence yet again of the powerful benefits of starting HIV treatment as early as possible. Dr Asier Saez-Cirion, from the Institute Pasteur, in Paris, said: “It’s likely that this girl has been in virological remission for so
long because she received a combination of anti-retrovirals very soon after infection. “With this first, highly documented case of this young woman, we provide the proof of concept that long-term remission is possible in children, as in adults. “However, these cases are still very rare. “The woman is living normally. Her case is unique, but had gone unnoticed, even among clinicians in France.” Two years ago, a young girl in America - who became known as the “Mississippi baby” - appeared to be free of HIV. But her remission lasted for just over two years
after drug treatment was stopped. Dr Saez-Cirion has also led research into a group of 14 adult patients known as the Visconti cohort. They also had no signs of the virus re-emerging, despite stopping medicine. One of the patients has had the virus under control for more than 13 years. Professor Sharon Lewin, from the University of Melbourne, in Australia, said: “The French teenager case provides strong evidence yet again of the powerful benefits of starting antiHIV treatment as early as possible. “This is an inspiring story for those of us working in this field, and for everyone living with HIV.”
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Tuesday, July 21, 2015
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Ondo workers set for strike over non-payment of salaries OJO OYEWAMIDE AKURE
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Ondo State workers have vowed to embark on an indefinite strike tomorrow if the state government fails to pay their salary arrears and outstanding deductions. State chairman of Joint Negotiation Council, JNC, Comrade Sunday Adeleye,
made the workers’ decision known yesterday in Akure while speaking with journalists. Adeleye said the expiration of a seven-day ultimatum given the state government last week made the industrial action imperative. He added: “We have been meeting with representatives of the government since last week af-
ter issuing the seven-day ultimatum. The meetings were all deadlocked. “But, if by today (Tuesday) the state government fails to yield to our demand, the union will have no other option than to embark on an indefinite strike tomorrow (Wednesday).” The JNC chairman had last week written a letter to the state government
after a meeting with labour leaders, protesting non-payment of workers’ salaries. He said the workers’ cooperative societies had collapsed due to non-release of deductions from salaries into their accounts. Adeleye noted that government’s action showed insensitivity to the plight of civil servants in the
state. He said: “Life is no longer bearable and the pride of being civil servants has become a thing of the past. Deductions for March, April and full salaries for May and June, 2015 are yet to be paid. “It is disheartening to note that cooperative societies for workers have died prematurely due to non-release of workers’
deductions to the societies and these are areas where workers look up to in times of need. “The feeling of the entire workers is that of hopelessness, disenchantment, frustration and economic enslavement of the highest order since they could no longer meet their social and family responsibilities.”
UNAIDS reduces price for infant HIV treatment
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Shehu of Borno, Alhaji Abubakar ibn Garbai (right) presenting a souvenir to Acting Chief of Army Staff, Maj.-Gen. Tukur Buratai, who paid him a courtesy visit in Maiduguri, on Sunday. PHOTO: NAN
Nigeria to start production of canned fish –CAFAN scribe
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ational Secretary, Catfish Farmers Association of Nigeria, CAFAN, Chief Rotimi Onibale, yesterday said the association would soon start production of canned catfish in the country. Onibale, who disclosed this during an interview with the News Agency of Nigeria, NAN, in Ibadan, said research is ongoing to ensure that Nigeria starts its own production of canned fish.
“Our association is in the process of research to start production of canned fish in Nigeria and we hope to implement it fully this year because it has long been overdue. “When the sardines from Tunisia and Morocco go out of production, we will be able to have our own locally made fish to eat and we will also export to other countries,” he said. Onibale added that the proposed canned catfish
would have all vital food benefits that would also be good for the growth of children. He said the project was being supported by two organisations, including the National Institute of Oceanography and Marine Research, NIOMR, and the Forum for Agricultural Research in Africa, FARA. Onibale, who noted the importance of catfish in the body system, explained that the canning process would soon be registered
and the end product made available in the market. “We are happy to announce that the canning of the catfish is still in its gradual process and we are making all efforts to register the product through the regulatory bodies in Nigeria. ``We hope that before the year runs out, all the research work would have been completed and the product made available to consumers,” he said.
Police arrest auto mechanic over alleged kidnapping
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olice Command in Abia State has arrested Ifeanyi Nwunni, an auto mechanic in Umuahia, for allegedly kidnapping a taxi driver at gunpoint. The command’s spokesman, DSP Ezekiel Onyeke, told the News Agency of Nigeria, NAN, in Umuahia on Monday that Nwunni was arrested following a tip off from a good Nigerian. He said the suspect was carrying his victim, one Ifeanyi John, in the booth of his car when he was arrested last Wednesday at
Onuimo, the boundary between Abia and Imo states. Onyeke said the suspect, who hails from Obowo Local Government Area of Imo State, was arrested with another man who is now at large. He said the second suspect, who was driving the vehicle when they were flagged down by the police, escaped into a nearby bush. He said the arrest was made during a stop-andsearch operation by a police patrol team, adding that the police are still on the trail of the second sus-
pect. Onyeke said: “The Divisional Police Station at Ubakala received a tip off that unknown persons had abducted a taxi-cab operator in the area. “The suspects were said to have pursued their victim along Ubakala Road, forcing him to divert into a lonely road where they caught up with him. “They forced him out of his car, bound him hands and feet and bundled him into the booth of their vehicle and sped off.’’ During an interview with NAN, the suspect de-
nied kidnapping the victim. He said the victim was always coming to steal some valuables, including tyres belonging to his customers from his workshop. He said having caught him he decided to take him to the police station at Obowo, where he (suspect) resided. The police spokesman urged the public to take security as “everybody’s business” and assist the police with useful information that could help them in crime prevention.
he United Nations programme on HIV/AIDS, UNAIDS, on Monday announced a 35 per cent reduction in the price of HIV early infant diagnostic technologies. This was contained in a statement issued by UNAIDS Executive Director, Michel Sidibé, in New York. Sidibé said an agreement with Roche Diagnostics was a powerful step toward ending the unconscionable failure of the world to meet the treatment needs of children living with HIV. “We now need to use this agreement to rapidly scale up diagnostic and treatment services for all children living with HIV in line with the 90-90-90 target,” the statement quoted Sidibé as saying. Sidibé said the new access price is US$9.40 per test. He said bringing together global and regional partners, the Diagnostics Access Initiative calls for improving laboratory capacity to ensure that all people living with HIV could be linked to effective, high-quality HIV treatment services. The UNAIDS boss added that the initiative was launched by UNAIDS in July 2014. He said partners involved in the negotiation of the reduced access price are the Clinton Health Access Initiative Inc., the U.S. President’s Emergency Plan for AIDS Relief and Global Fund to Fight AIDS, Tuberculosis and Malaria, among others. Sidibé said that with the peak mortality among children living with HIV occurring at six to eight weeks, the World Health Organisation recommended that all children exposed to HIV receive early infant diagnostic screening within the first two months of life. He, however, added that only around half of them receive early infant
diagnostic screening partly because costs have limited the number of testing platforms currently used in low and middle-income countries. He said the cost implication contributed to a major gap in HIV treatment access, whereas in 2014, only 32 per cent of children living with HIV received antiretroviral therapy, compared with 41 per cent adults. He explained that without knowing the HIV status of a child, it is impossible to access life-saving treatment. Sidibé also disclosed that without treatment, half of all children born with HIV would die by the age of two and majority of the remaining half would die at the age of five. He said UNAIDS has set up a target called the “90-9090.” “The ‘90-90-90’ provides that first, by 2020, 90 per cent of all people living with HIV will know their HIV status. “Second, the target provides that 90 per cent of all people with an HIV diagnosis will receive sustained antiretroviral therapy. “Third, it provides that 90 per cent of all people receiving antiretroviral therapy will achieve viral suppression.” In a related development, Roland Diggelmann, chief operating officer of Roche Diagnostics, has expressed satisfaction with Roche’s support to UNAIDS 90:90:90. Diggelmann, in a statement, said the 90:90:90 target would expand access to high quality HIV testing for early infant diagnosis. Said he: “As the leader in HIV diagnostics, Roche is proud to support the UNAIDS 90:90:90 goals by expanding access to quality HIV testing for early infant diagnosis in resource limited settings.” NAN reports that this is the second major pricing agreement the Diagnostics Access Initiative has forged with Roche Diagnostics.
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South West
Tuesday, July 21, 2015
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PDP, group differ on planned Osun summit Boladale BamigBola OSOGBO
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ain opposition party in Osun State, the Peoples Democratic Party, PDP, and a political pressure group, Committee for Issue Based Politics and Good Governance, CIBPGG, yesterday expressed divergent views regarding a summit being organised by ‘Osun Stakeholders’ in the state. PDP in a statement signed by its Osun State chairman, Alhaji Ganiyu Olaoluwa, in reaction to allegation by the ruling All Progressives Congress, APC, that the party and its
2014 governorship candidate, Iyiola Omisore, were behind the planned summit, called on the APC to face governance and stop pointing accusing fingers. The party said: "It was unfortunate that the ruling APC could be raising false alarm and accusing the PDP wrongly after it has demonstrated that it is bereft of ideas on how to lead the state. The PDP urged the ruling party to "bury its head in shame," saying "all sectors have been grounded in Osun; the state has never had it so bad since its creation." It, however, commended organisers of the summit
and urged them to come out with solutions that could take the state out of its present sorry state. Taking a different position, the Committee for Issue Based Politics and Good Governance, in another statement signed by Olanrewaju Afolayanka, obtained in Osogbo, alerted security agencies in the state on the need "to forestall the possible breakdown of law and order by members of the PDP who are allegedly planning to unleash mayhem on the state with the propose summit." According to the group, the proposed Economy and Education summit
by members of the PDP, who are using the name, Osun Stakeholders, as camouflage is a follow up plan to destabilise the administration of Governor Rauf Aregbesola, after earlier one to incite the state workers against the governor had failed. The CIBPGG stated that the propose summit being organised by "Yinka Odumakin and former governorship candidate of the Accord Party, AP, Mr. Niyi Owolade, was lacking in credibility and genuineness." The group insisted: "It amounted to insensitivity and pursuit of parochial interest on the path of
Passengers boarding free train services provided by Osun State government from Osogbo to Lagos in commemoration of 2015 Eidel-fitri celebration at Osogbo Terminus of Nigerian Railway Corporation, yesterday.
Odumakin who participated in the Osun State gover nment-organised economic summit in 2012, to organise a new summit in collaboration with the PDP stakeholders." According to the group, "Owolade who lost the
August 9, 2014 governorship election to Aregbesola was being used by his paymaster, Senator Omisore for sinister move to disrupt the peaceful atmosphere of the state through the proposed summit."
Ojo boat mishap: Two female victims still missing
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odies of two female victims, who were involved in a boat mishap in the creeks, at Ojo Local Government Area of Lagos State, are yet to be recovered, News Agency of Nigeria gathered. The agency reports that the incident occurred on Saturday evening at about 20:00 hours. A motorised boat was reportedly carrying 10 passengers, including some ladies whose remains were still being searched for. When contacted on telephone, Managing Director, Lagos Waterways Authority, LASWA, Mr. Olayinka Marinho, confirmed the incident, adding that bodies of the two ladies were yet to be recovered. Marinho explained that soon after the incident, eight of the 10 passengers in the ill-fated boat were immediately rescued by passengers in an accompanying boat. He added that the driver of the ill-fated boat would be prosecuted whenever he is arrested, adding that
he ran away after the incident. Marinho said the boat had been recovered and impounded in LASWA yard, adding that the authority’s patrol team was still conducting search and rescue operation for the bodies of the two female passengers. He warned boat operators to always abide by the rules governing maritime transportation. ``They should always ensure their passengers wear life jackets before embarking on a journey on the waterways and there is no night travel or boating under the influence of alcohol,’’ he added. A survivor, who spoke on condition of anonymity, told NAN that all the passengers were returning from a birthday party at the Happy Weekend Hotel on the Ikare beach when the incident occurred. He said the captain of the boat, simply identified as Oluwanisola, might have been under the influence of alcohol and driving recklessly at night.
FRSC warns motorists against alcohol, hard drugs
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agos State Sector Commander, Federal Road Safety Corps, FRSC, Mr. Hyginus Omeje, yesterday warned motorists to desist from driving under the influence of alcohol or hard drugs. Umeh told the News Agency of Nigeria, NAN, that most accidents on the highways were due to reckless driving by motorists, especially those who have taken alcohol or hard drugs before setting out. He said the FRSC would have to tackle the menace through relevant agencies so that the situation could be addressed from source to ensure drastic reduction
in accident rates, especially during festive periods. “I do know there has always been a law as regards sale of alcohol; what we are trying to do is like refreshing an existing law, not as if it is a new law altogether. “Now, we are only giving it a bite, because of recent happenings in the country that are now giving everybody some concern. “I think it is a step in the right direction to reinvigorate action in that direction. “For the FRSC, we have always campaigned against driving under the influence of alcohol or drugs; once you can remove the source, then you have started tack-
ling the problem properly,” Umeje said. According to him, if the supply of alcohol is tackled and banned in various parks, then the drivers would learn to drive normally and not under the influence of alcohol. He added that the relevant agency would go a step further by enforcing the ban on people who also hawk alcohol on the streets of Lagos. “If you look at the various streets in Lagos today, you will realise that alcoholic beverages are openly hawked. That will also be addressed. “If anybody is seen
hawking alcohol, he or she would be picked up. “If you just chase hawkers of alcoholic beverages away from the motor parks and you allow them on the streets, it will become easier for their customers to buy and just zoom off.” The FRSC Lagos boss also said a reduction in the sale of alcoholic beverages would also go a long way in reducing reckless driving among drivers of articulated vehicles in the country. “This is a step in the right direction and I think it will go a long way to address the menace we are having today with some of the articulated vehicle
drivers who we reasonably suspect may sometimes be under the influence of alcohol or some illicit drugs,’’ Jamiu Adeyemo, a passenger at the Ojota motor park, said the sale of alcohol had become so rampant that most commercial drivers are able to get something to drink anywhere they get to as they travel. “Even in the early hours of the day, you will see hawkers of alcoholic beverages at the motor parks, to the extent that some drivers get drunk before embarking on their journeys. “A lot of them end up having serious accidents on the highway because
they are either sleeping or over-speeding,” Adeyemo said. Olalekan Kukoyi, a passenger returning to Ibadan after the Eid-el-Fitri, said hawkers of alcoholic beverages also constituted nuisance at the parks. “Most of the hawkers do not have permanent places of abode; hence they are always at the motor parks on a round-the-clock basis. “I think if the sale is banned, it will reduce the number of accidents on the highways, as most commercial drivers now drive only under the influence of alcohol or drugs,” Kukoyi added.
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South West
Tuesday, July 21, 2015
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Unemployment: Investors ask FG to explore poultry sector Femi OyewesO ABEOKUTA
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nvestors as well as other stakeholders in the nation’s poultry industry have called on Federal Government to explore opportunities in the sector to enable government to permanently address the challenges of unemployment in the country. This was contained in a communiqué issued at the end of this year’s three-day annual investors' summit and interactive forum of Poultry Farmers Associa-
tion of Nigeria, PANOG, Ogun State chapter, which held in Abeokuta, the state capital, recently. The investors, who all bemoaned the alarming rate of unemployment in Nigeria, also resolved that the three tiers of government would make good earnings from poultry industry as an alternative to the dwindling federal allocations orchestrated by over-dependence on oil revenue. Earlier in his welcome address, PANOG chairman in the state, Dr. Olalekan
Odunsi, lamented that government was not exploring opportunities provided by the agricultural sector through poultry farming to mitigate the challenges of unemployment in the country. Odunsi, who described agriculture as the biggest employer of labour, further said the production chain available in the sector was bigger than what oil industry can offer. He maintained that adequate investments in poultry production could serve as alternative to Nigeria’s
over-reliance in oil revenue, as such would also serve as panacea to unemployment in the country. The PANOG chairman also lamented the burden of multiple taxes which he said poultry farmers in Nigeria have been subjected to. “One of the challenges facing the poultry industry apart from finance is the multiple taxes which we the sector been subjected to. The federal, state and local governments charge different tax on poultry farmers, while we still pay
first to our association and also personal tax. So the tax system should be harmonised or perhaps the tax should be rebated”. Odunsi, however, appealed to the three tiers of government to harmonise the taxation system in the industry, stressing that such would make the investors to be able to remit taxes in tranches without necessarily having to continue with the burden of multiple taxation as presently experienced.
Lions Club to provide hospice in EKSUTH AbiOdun nejO ADO EKITI
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NUJ Presidential Candidate, Alhaji Mustapha Lamidi (right) addressing journalists during his campaign visit to Oyo State NUJ in Ibadan, yesterday. PHOTO: NAN
No plan to sack 10,000 workers, says Aregbesola
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sun State Governor, Rauf Aregbesola, yesterday denied speculations that his administration was planning to sack 10,000 workers. The governor in a press statement issued in Osogbo, the state capital, by his media aide, Semiu
Okanlawon said; “the socalled plan” to sack 10,000 workers is a figment of the imagination of opposition party members in the state. According to the statement, nowhere has Aregbesola’s administration signified intention to sack workers.
“The workers' sack speculation was part of the opposition party’s calculated move to misinform workers, confuse them and demoralise them. “Discerning and decent people have come to the conclusion that when opposition makes any allegation, you must quickly dismiss it
as being in its character to fabricate falsehood to confuse unsuspecting masses. “This latest falsehood is part of the opposition tactics to misinform workers, confuse them and demoralise them. Nowhere has the Aregbesola’s administration signified intention to sack workers.
ions Club District 404 B-2 Nigeria is working round the clock to provide a multimillion naira hospice (a place for terminally ill persons) at Ekiti State University Teaching Hospital, EKSUTH, Ado Ekiti, as one of its core projects for the year. President, Ado-Ekiti Central Lions Club, Lion Taiwo Odebunmi, who made the disclosure in Ado Ekiti, said the group with focus on helping the needy, children and youth in society needed the support of well-meaning people to achieve its aim. While speaking at a press conference in Ado Ekiti, Odebunmi said Ado Ekiti Central Lions Club had screened over 1,200 people in its Health Free Post in less than two years, adding that over 460 people had been attended to in 2015. The president said the priority of Ado Ekiti Cen-
Ondo NSCDC warns illegal private security companies
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igeria Security and Civil Defence Corps, NSCDC, in Ondo State has warned operators of illegal private guards companies to stop operations or face prosecution. NSCDC Head of Department of Private Guard Company, Mr Michael Arowolo, gave the warning in Akure yesterday. He spoke during the batch 'B' passing out parade for seven private guards companies out of 55 licensed to operate in the
state. “Let me use this passing out parade to warn those operating unlicensed private guard companies in the state to desist from the act. “Any private guard company that fails to register under NSCDC Acts and Private Guard Company Acts has no business to operate as a private security company,” he said. According to him, such private security companies operating illegally in the state will be prosecuted ac-
cording to the law of the land. He added that NSCDC would not only prosecute such illegal guard companies, it would also prosecute their staff and the company that made use of the services of such illegal private guards. “We are also going to pick them up for impersonation which carries a stronger penalty,” Arowolo added. Arowolo admonished members of the public, cor-
porate organisations and business establishments to patronise only licensed companies so that they would not fall victims of quack private guards. One of the trainees’ guards passing out at the ceremony, Mr Temitope Folagbade, who spoke on behalf of trainees, said the training had impacted a lot on them. “We have learnt so many things that we can take to our organisations to teach them on how to relate with
In his lecture at the event which has as its theme: “standard requirements and ethical practice in poultry production”, the guest lecturer, Dr. Tokunbo Ajayi attributed Nigeria's deficient in poultry production to inadequate funding on the part of governments. Ajayi, however, noted that the potential of the poultry industry is very high if adequate assistance could be provided by the three tiers of government.
our clients," Folagbade from Planet Security Company, said. The News Agency of Nigeria, NAN, reports that NSCDC trained 18 private security guards in batch 'B' drawn from seven registered private guard companies. Representatives of Controller of Prison, Comptroller of Immigration, Commander NDLEA, and Vice Chancellor, Federal University of Technology, Akure, attended the event.
tral Lions in 2015-2016 Lions year was to meet special needs of the youth as well as "create awareness on various health challenges like blindness, hypertension and diabetes, AID/ HIV and other life-threatening diseases." The Lions President, who said the group would need about N10 million to meet its budget for the year, called on well spirited individuals in the state to respond to their fund raising activities during the year. He listed some other projects embarked upon by the group to include health talk; various eye surgeries; donation of incubator to the EKSUTH, Ado-Ekiti; and yearly donations to the motherless babies home, Iyin-Ekiti, among others. Odebunmi said the theme for 2015-2016 Lions International Year, “Dignity, Harmony and Humanity”, underscored the need for "sowing seeds of harmony, understanding and peace to change the world". He said that the strategies towards achieving the theme "are by focusing on children’s areas of needs through his 'Children’s Dignity Initiative' with the support and brightening the outlook of children in hospitals and responding to the needs of children in refugee camps". He said: “The future of any community depends largely on the child and how the youths are nurtured and positioned.” Odebunmi said: "We shall also embark on mobilisation of more quality members so that the Lions can have more clubs in Ekiti State to join in the social crusade".
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South East
Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
Umeh decries poor representation by South East legislators …says Ndigbo are in a very precarious situation ChArles okeke AWKA
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ormer National Chairman of the All Progressives Grand Alliance, APGA, Chief
Victor Umeh, has lambasted South East members in the National Assembly over alleged poor representation they are offering their constituencies. Umeh expressed unhap-
Umahi laments Elechi’s mismanagement of funds AliunA Godwin ABAKALIKI
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bonyi State Governor, Chief Dave Umahi, has blamed former Governor Martins Elechi for allowing himself to be duped by contractors, who were alleged to have supplied substandard materials used in the construction of some projects in the state. Umahi lamented that the administration led by Chief Martin Elechi paid huge amount of money to foreign contractors, especially one Mr Terimor, who handled the construction of a hostel block at the permanent site of the state’s university located at Abakaliki-Enugu Expressway. The governor made this known through Commissioner for Information and State Orientation, Dr Emmanuel Onwe, while briefing journalists in Abakaliki on the outcome of executive meeting that took place at the exco chamber. Onwe said the state executive expressed worry on the high level of fraud witnessed in the state under the watch of the former governor. He said: “Some of the atrocities that occurred in the last administration
Chris njoku OWERRI
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o fewer than 10 site workers escaped death by the whiskers as a two-storey building under construction collapsed in Umudibia, Nekede, Owerri West Local Government Area of Imo State. The incident happened Saturday afternoon close to a building used as hostel by students of Federal Polytechnic, Nekede. The collapsed building has passed the lintel level before it went down after a heavy downpour at the
were so deep. Some foreign contractors come to collect money ranging from millions of naira and dollars from Ebonyi State for purposes so ridiculous and it can be described as criminal. The governor also called on the Nigeria Labour Congress, NLC, in the state to be patient with his new administration, stressing that workers’ welfare were very important and cannot be jeopardised, just as he pointed out that the option of embarking on industrial action will not solve the problem, rather it will complicate it. “Government has not reneged in its decision to honour the increment in the payment of workers salary in the state. What is been worked out is the extent of the increment. No state government in the country is paying the increased salary Ebonyi State has agreed to pay. “The rumour that is going on is that government has refused to increase salaries, but I assure you it is not true. Both the leadership of the labour union and the government are engaging in a discussion on the way forward. And so, there is no need for workers in the state to go on strike," he stated.
piness that the South East senators and House of Representatives members have been representing their people poorly. Umeh, who spoke in his country home at Aguluzigbo in Anaocha Local Government Area, Anambra State, after the triple celebration of his successful exit as APGA National Chairman, 53rd birthday and 25th marriage anniversary, accused the South East National Assembly members of pursuing selfish agenda to the detriment of the people they are representing. Umeh urged South East senators and House of Representatives members to be brave, courageous and fearless so that they would effectively represent their people. He stated that he will
Umeh
take a rest for a short period from politics and return to continue to champion the cause of Ndigbo in Nigeria. Umeh, who would not blame President Muhammmadu Buhari for the plight of Ndigbo in this dispensation, urged the president to use his good offices to give Ndigbo their dues in the country.
He said he had called on President Buhari immediately he was declared winner of the last April presidential election to congratulate him on his victory and also told him that he should not hold the voting pattern of Ndigbo in that election against them because they voted in a way their interest would be protected in Nigeria. He said Ndigbo, who are now in a very precarious position, are desperately in search of who would salvage them. He promised he would use his good offices to protect Igbo interest. Reminiscing over his tenure as the APGA National Chairman, Umeh said it was a tortuous and difficult journey and that he did very well in the of-
fice. He thanked the members of the National Working Committee, NEC, of the party for assisting him to build a strong and virile party that has become well respected in the country. He assured that by the time the various election petition tribunals wound up, the party would have recovered the governorship of Abia State and lots of Senatorial and House of Representatives, as well as House of Assembly seats. Umeh urged his successor, Dr. Victor Oye, not to be moved by opposition or critics as long as he does the right thing. He assured that he would still be around as a member of Board of Trustees, BoT, to guide and support them.
Members of Campaign for Democracy protest against marginalisation of Ndi-Igbo in the new political and socio-economic structuring of the country in Onitsha, Anambra State , yesterday. PHOTO: NAN
Workers escape death in Imo building collapse ...project engineer on the run weekend. When our correspondent visited the scene late Sunday evening, gates of the building were under lock and key, but peeping through the gates, the debris and rubbles of the collapsed building were still untouched as onlookers from within and outside the neigbourhood were coming to see the extent of the damage. Residents expressed surprise over collapse of
the building which they said was almost at the stage of completion. According to some of the students living within the vicinity, who witnessed the collapse, the building collapsed just immediately after workers left the site, having finished the day’s work. According to them, some students who came to the site to check when the building would be completed so as to pay for
rent in advance left the site when it was about to rain and the unfortunate incident happened. One of the eye witnesses said; ‘’we rushed out when we heard a thunderous noise, and we saw the twostorey building already collapsed to its foundation. “This is the house where people had worked the previous day and more than six of the workers usually sleep there at night. “In fact, one of them,
who was having his rest in the building, was called on phone by a friend minutes before the building collapsed,” the witness said. He thanked God that nobody was inside the house when it collapsed, even as he was excited that the incident did not affect nearby houses. All efforts to reach the owner of the collapsed building proved abortive as he was said to have traveled abroad, leaving
the project in the hands of the contractor, who was said to be on the run. The Site Engineer, who was sighted few hours before the building collapsed, was said to have fled, fearing that the villagers might attack him. Some of the people in the neighbourhood attributed the collapse to low quality materials and poor job by the contractor.
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News
Tuesday, July 21, 2015
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South Africa-based NGO may set up base in Nigeria
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Paramount Ruler of Edagberi community in Ahoada West LGA, Rivers State, Chief Sunny Jacob Ubele (right) presiding over a council of chiefs meeting convened to deliberate on the oil leakage at Adibawa oil field located within the community, yesterday. PHOTO: NAN
Army raises the alarm over use of COAS’ name for extortion Ubong Ukpong ABUJA
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igerian Army yesterday raised the alarm over the use of the name of new Chief of Army Staff, COAS, MajGen Tukur Buratai, by internet criminals to extort people. In a statement through
Director of Army Public Relations, DAPR, Colonel Sani Usman, the Army said three Facebook accounts with Buratai’s photographs were already in use for these activities. Usman said the unscrupulous and criminal elements had started using the Army Chief’s name through the Facebook platform request-
ing for friendship, extort and defraud unsuspecting members of the public. “So far, three such accounts exist with various types of names using photographs of the COAS in uniform and that of Director of Defence Information as profile photographs,” he said. He further disclosed that the matter has been report-
ed to Facebook and relevant security agencies for tracking, arrest and prosecution of those involved. The DAPR, however, advised the public not to accept any friendship request or overture from any of such social media accounts. Buratai was appointed COAS last Monday by President Muhammadu Buhari.
Gay marriage negates African culture —Clergy
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ishop Emma Isong, General Overseer of Christian Central Chapel International, Calabar, has described gay marriage as a negation of African culture. Isong said this in Calabar yesterday in an interview with the News Agency of Nigeria, NAN. He said: “It is antiChristianity, anti-African and anti-humanity. “It is profane; it is against the culture of the
Igbo, Yoruba, Hausa, Efik and all the cultures of different ethnic groups in Nigeria, therefore it is against African and human culture.” The clergy said no religion encourages gays, adding that the act would tend toward reducing the world’s population. He urged Nigerians, irrespective of their religious and ethnic colourations to resist such laws in the interest of unborn
generations. “It is against Islamic and Christian culture, even Buddhism culture and animal culture. “No male animal sleeps with another male animal. It is anti-world population and it is against the law of productivity and creativity,” Isong said. He described gay practice as profane and encouraged Christians to continue to pray against such practices.
He also encouraged Christians and other religious leaders in the country to join forces in resisting such laws by contesting elective positions to stop such laws from passing through various legislative houses. The clergy commended the last National Assembly and former President Goodluck Jonathan for refusing to pass the gay marriage bill into law.
Police Service Commission disowns recruitment advert
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olice Service Commission, PSC, yesterday disowned an online advertisement on recruitment of general duty police officers. Head, Press and Public Relations of the commission, Mr. Ikechukwu Ani, issued the statement in Abuja. The statement reads: “The attention of the PSC has been drawn to an online publication of an
advertisement for the recruitment of cadet ASPs in the professional cadre purported to emanate from the commission. “The commission wishes to state that the said publication did not originate from its office and it is not currently recruiting that category of police officers.” The statement advised the public to discountenance the publication.
It said the commission was currently investigating the source of the advertisement. The statement appealed to the media to always crosscheck any information before publication. It said the commission would continue to use its established channels of communication in dissemination of information. The statement said
that masterminds of the advertisement would be dealt with.
Arase, Police boss
South Africa-based non-governmental organisation, Oasis of Love Ministry International, said yesterday it would set up a base in Nigeria to campaign for a drugfree world. President of the NGO, Bishop Ejike Anyaegbunam, told the News Agency of Nigeria, NAN, in Johannesburg that the body would also assist in setting up charity homes. “We are involved in campaigns aimed at checking drug and alcohol abuse in Africa. “In South Africa, there is so much drug abuse and we are partnering with the government and other NGOs to fight drug and alcohol abuse,” he said. Anyaegbunam said the NGO had representatives in Abuja and Lagos, but was working hard to set up a centre in the country to
effectively coordinate its activities. When fully established in Nigeria, he said the NGO would partner with the government and other bodies to take its campaign to the grassroots, especially schools and markets. “Drugs destroy the future and destiny of our youths and our NGO wants to stop these vices,” he said. An Indian married to a Nigerian and member of the NGO, Mrs. Desiree Okolo, said the group wants to be more active in Nigeria to sensitise youths on drug and alcohol abuse. “We want to tell the truth about drugs, what they do to the body and how they can destroy somebody’s future. “Our NGO is also interested in telling the youths about alcohol abuse. With the knowledge, the youths can create a better future for themselves,” she said.
Shell regrets delay in cleaning Adibawa oil fields
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hell Petroleum Development Company of Nigeria, SPDC, said the delay in oil spill clean-up at Adibawa oil field is regrettable. SPDC said yesterday that the oil leakage from its oil fields located in Edagberi Community in Rivers State was caused by thieves who targeted the Well Head. A statement from SPDC spokesman, Mr. Joseph Obari, attributed the leakage at Adibawa Well-8 in Eastern Niger Delta, to activities of vandals. It also alleged that members of its host community were thwarting efforts of the oil firm to contain the leakage and remedy the polluted environment. “SPDC received reports of the incident on July 12 and took containment measures, including construction of dykes, pits and deployment of booms to prevent further impact on the environment. “The leakage was stopped on July 15, but attempts to conduct the statutory Joint Investigation Visit, JIV, on July 16 and 17 to determine the cause and extent of the leakage were unsuccessful. “The leadership of Edagbiri Betterland Community prevented representatives of industry regulatory agencies, the Rivers Ministry of Environment and SPDC from accessing the site for contain-
ment and crude oil recovery operations. “Without the JIV, SPDC cannot carry out needed repairs or proceed to clean up and remediate the site,” the statement stated. SPDC stated that it was concerned that leaving the contained crude in the environment created avoidable danger of fire and seepage further into the ground. The statement quoted SPDC’s General Manager, External Relations, Mr. Igo Weli, as saying that timely access to the spill site was fundamental to an effective response. “The quicker we can recover the exposed crude oil, the safer for the community and all other stakeholders,” Weli stated in the statement. However, Chief Sunny Ubele, Traditional Ruler of Edagberi Community, told NAN that the allegation that the community denied SPDC access was false. Ubele said the community cooperated with officials of the oil firm but expressed reservations when Shell officials attempted to manipulate the JIV procedure. “It is very untrue that we denied them access, if we did how did they manage to stop the spill, they had fixed a JIV on our meeting day and we told them to fix it for the next day.
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North
Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
FOMWAN donates food to orphans
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L-R: Adamawa State Governor Mohammed Jibrilla; Lamido of Adamawa, Alhaji Barkindo Mustapha, and Deputy Governor, Mr. Martins Babale, during a Sallah homage to Government House, Lafia.
Ex-minister, 2,000 others defect to APC in Kogi WALE IBRAHIM LOKOJA
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ormer Police Affairs Minister and Minister for Internal Affairs, Mr. Humphrey Abah, Hajia Halima Alfa, member of PDP Board of Trustee, and over 2,000 supporters have defected to All Progressives Congress APC. Receiving the PDP defectors at a rally held in Ayingba yesterday, leader of APC in Kogi State, Prince Abubakar Audu, said the mover and shak-
ers of PDP in Kogi State are now members of APC. Audu stated that the time has come for change in Kogi State, adding that the state has not been the same and poverty was slapping people in the face. He noted that the coming on board of former Minister of Police Affairs, Humphrey Abbah, former member of PDP Board of Trustees, Hajia Halima Alfa, and others will boost the popularity and chances of the party in the state. Audu pointed out that
APC was set to take over Kogi State in the next governorship election in Kogi State. Speaking at the rally, Hajia Halima Alfa, who went down memory lane, stated that in 1999 when the All People’s Party, APP, formed the government in the state, Prince Abubakar Audu performed extremely well. She called on all APC supporters to rally round the former governor to realise his ambition to return as governor once again.
She also urged party members to come out enmass and vote APC candidate during the November 21 governorship election in Kogi State. Also speaking the, former Internal Affairs Minister, Humphrey Abah, stated that Kogi State need peace and development and the only person that bring about the peace and development. Abah stated that Prince Abubarka Audu, has been tested and trusted, adding that he has done it before and he will do it again.
Investigate NAFDAC fraud, CSOs task FG ADEOLA TUKURU ABUJA
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ivil society groups have called on the Federal Government to look into allegation of alleged corruption and financial mismanagement at the National Agency for Food, Drug Administration and Control, NAFDAC, and prosecute all those found wanting. In a press statement signed by National President of Nigerians United Against Corruption, NUAC, Comrade Ola Oluwasanmi, yesterday in Abuja, called on the presidency and all anti-graft agencies to look into the matter with urgency so as to save the nation from di-
saster. “It was also learnt that about 70 per cent of contract awards by NAFDAC are usually unadvertised and awarded by the DG over phone to contractors who determine how much they want to be paid for the job, while 30 per cent advertised still lacked due process. “The DG, it was learnt, in some cases directly station staff to siphon money for him, even as he was said to be in the habit of cutting offenders loose of administrative charges in return for personal gratification. “He gives waivers to people without due process; no one knows the terms of such waivers or
why beneficiaries should be entitled to such waivers or the amount of waivers,” “The nation at a time like this should be ready to investigate traces of corruption, as it will certainly dent the nation’s image, which has already made enough negative fame from the past administration,” he said. The group further called on the presidency to ensure that an investigation is initiated into the affairs of the commission and all parties involved be made to serve as deterrent without sparing anyone. He said issues bordering on a monitoring agency as NAFDAC should not be treated with kids gloves
as millions of Nigerian lives depend on this establishment and as such not to allow fraudulent to run it aground. According to Oluwasanmi, the allegations are too grievous to be ignored and they will certainly stain the administration of President Muhammadu Buhari, who has vowed to stamp out corruption and has already started with the prosecution of former Governors Lamido and Nyako. The group has, however, commended the president for the recent giant strides in the fight against corruption which has already began reaping benefits as well as put intending looters in check.
eader of Federation of Muslim Women Association, FOMWAN, in Plateau State, Mrs Mairo Sani, said the association donated food items to 60 orphans during the Ramadan period. Sani disclosed this in an interview with News Agency of Nigeria, NAN, yesterday, in Jos. She said the food items were to alleviate the hardships faced by orphans in Jos metropolis as part of kind gesture during Ramadan period and beyond. “The food items were majorly fruits, rice, vegetables and condiments to sustain them during the fasting period and beyond,” she said. She admonished Muslim faithful to emulate Prophet Mohammed and live holy life devoid of evil while on earth. The FOMWAN official said that the Ramadan celebration should remind faithful of the need to live in peace and unity in spite of ethno religious differ-
ences. ‘’Peace is a necessary criteria to fast-track any developmental project in any society, ’’she stressed. Sani urged youths to desist from being used by certain groups who preached against peace and unity, saying ‘’it is detrimental to progress’’. She prayed for wisdom for Nigerian leaders to enable them tackle the security challenges bedeviling the nation appropriately. ‘’During the Ramadan fasting, we prayed earnestly for wisdom for our leaders to enable them put an end to the security challenges bedeviling this nation. ‘’Many lives and businesses were lost because of the insurgents attacks across the nation, especially in the North,’’ she said. She urged the public to be vigilante of strange persons and activities in their communities and report such to security personnel.
Glo ambassadors lift Nigeria’s image at MAMA Award
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igeria’s image as music headquarters of Africa was given a boost Saturday night in South Africa by many Glo ambassadors, who dusted other African artistes at the 2015 MTV Africa Music Awards (MAMA) held in Durban. Top among the Glo ambassadors who led the list of Nigerian artistes that won in different categories at the popular music awards were Dapo Oyebanjo, popularly known as D’banj, and the duo of PSquare. While D’banj won the maiden MAMA Evolution Award, P-Square took home the Best Group Award and Artiste of the Decade. D’banj won the award ahead of other superstars such as 2face and Asa, who were nominated in the same category. The Evolution category was introduced for the first time this year to celebrate artistes, who have not only made huge impact on the African music scene, but also taken African music to the global entertainment scene. The winner was jointly decided by MTV Base and online voting through Twitter and Instagram. P-Square also beat some African heavyweights to
clinch their award. They included Beatenberg of South Africa, Sauti Sol of Kenya and B4 of Angola. The Nigerian twins also won ‘Artiste of the Decade,’ in recognition of their consistency at the top of African music over the years. There was more recognition for Glo brand artistes as a third ambassador, Damini Ogulu, whose stage name is Burnaboy, won an award for his collaboration with AKA, Da Les & JR: (SA/Nigeria) on “All Eyes On Me”. Korede Bello, Reekado Banks, and Di’ja of Marvin Records, who were recently signed on as ambassadors by Glo, were also honoured as ‘Dorobucci,’ a song in which they featured prominently, was named ‘Song of the Year’. Award-winning actor, OC Ukeje, and ace comedian, Basketmouth, who are also Glo ambassadors, were nominated for Personality of the Year category. Ayodeji Balogun (Wizkid), nominated for Best Male Category and Song of the Year Category, and Flavour (Chinedu Izuchukwu Okoli), nominated for Best Live Category, completed a memorable night for acts on the Glo ambassadorial list.
Tuesday, July 21, 2015
SUPER TUESDAY
National Mirror www.nationalmirroronline.net
13
Politics
Buhari’s govt has hit the ground running –Mohammed
P
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olitical gladiators in Kogi State have in recent times hit the ground running, as they begin preparations towards the gubernatorial election to pick who occupies the Lugard House seat of power in next dispensation in the state. Political parties as well as gubernatorial aspirants have equally consulted and are still consulting various interest groups, while many aspirants have publicly declared their intention to vie for the number one seat of the state. The battle for the soul of the Confluence State will be quite interesting as many factors will come to play during the parties’ primaries scheduled to take place in August as the gubernatorial election is scheduled for November 21. The final clash of the titans will be between whoever emerged as the flag bearers of the two major political parties in the state, the ruling Peoples Democratic Party, PDP and the opposition All Progressives Congress, APC, after the successful completion of party primaries which will eventually determine who wins the gubernatorial race. Already, basking in the euphoria of wining the three senatorial seats, six House of Representatives seats and eleven House of Assembly seats in the state and the massive votes recorded for President Muhammadu Buhari on March 28, the APC in the state is already strategising to capture the state’s number one seat and occupy Lugard House. At the last count, no fewer than 20 aspirants have signified intention to contest the governorship on the platform of the APC in Kogi State, a situation which political pundits described as not too healthy for the party based on what might be the outcome of the party primary which may mar or make the party’s chance. However, the party hierarchies at both the state and national levels have a major role to play to keep the various interests together after the primaries and to work hard for the victory of the party at gubernatorial poll. The PDP, which currently calls the shots in the state as it has in its kitty the governorship and 14 House of Assembly seats, will have to work very hard to retain the seat of power come the November 21 gubernatorial election. Like every other first timers, the incumbent governor, Captain Idris Wada, will no doubt have a second shot at the governorship seat of the Confluence State. Although, he has not publicly declared his intention to contest for second term, but from the body language of the PDP at the state level and plethora of endorsements by various groups, there is a clear indication that Governor Wada may likely pick the party’s ticket and be the flag bearer of PDP. Though there are other two aspirants who have indicated interest to vie for the governorship under the platform of the PDP for now, but watchers of political events in the state gave it to Governor Wada, because the other contenders are described as paper weights, who may not be able to fight the power of incumbency. Those jostling for the APC gubernatorial ticket include former two-time governor of the state , Prince Abubarka Audu, Senator Alex Kadiri , Senator Nicolas Yahaya Ugbane, Air Vice Marshall Salihu Atawodi, Prince Sanni Shuaibu, Hon Tom Diche, Prince Rotimi Yaqub Obadofin, Engineer Olushola George Olumoroti, Suleiman Baba Ali and Yahaya Bello, popularly known as Fair Plus, Dr. Yaqeen Abdullahi Habeeb, Onukaba Adinoyi-Ojo, former military administrator of Oyo and Ondo states, Col. Ahmed Usman and former Director of National Drug Law Enforcement Agency, Chief Lanre Ipinmisho. Expectedly, the aspirants on APC platform are expected to increase as the race is open to all contenders before the primary which comes up in August. On the other hand, Governor Wada is leading two others aspirants to slug it out during the PDP gubernatorial primary in the state. The two aspirants are former National Chairman of All Local Governments of Nigeria, ALGON, in the Northern states and former chairman of Dekina Local Government Area of Kogi State, Comrade Mohammed Ali and an Abuja-based politician, Alhaji Mohammed Jibril Ahmed. It is also expected that others may join the fray in the run up to the party’s primaries.
Battle for soul of Kogi commences As the battle for the race to occupy the Kogi State Government House begins in earnest, WALE IBRAHIM looks at the contenders for the plum job and what stand each of them in good stead.
Wada
Audu
As it were, party primary is a process of selecting a party’s standard bearer out of many aspirants aspiring to a particular office. It is indeed a different ball game plan and very unpredictable, depending on the circumstances at times. This, unlike the general elections, where the electorate will decide who wins, is the prerogative of a few chosen members of the party, known as delegates. This is one of most difficult process where each of the aspirants, would rather want to match one another dollar for dollar and Naira for Naira to woo delegates to vote for them and in most cases the highest bidder will carry the day. These and other variables will certainly come to play major role in who emerges as the flag bears of the two strong political parties in Kogi State in a couple weeks.
cently in Lokoja, Wada stated that his second term ambition is in the hands of God. But in the preceding weeks, his body language indicated that all is set for the governor to vie again for the exalted seat in Kogi State. As far as PDP primary is concerned, Wada remains the best option and an aspirant to beat. The governor, who is an embodiment of humility, does not believe in do-or-die as far as politics is concerned. Perhaps this might accounted for the reasons he stamped out thuggery in Kogi State when he took the mantle power in January 2012.
Governor Idris Wada - PDP
Captain Wada is the incumbent governor of the state and like otherfirst term governors; he will want to take a shot again to retain the seat of power. Though has not publicly declared his second term ambition, several endorsements by groups, his political mentor, former Governor Ibrahim Idris and former National Chairman of PDP, Dr. Ahmadu Ali, who have endorsed his second coming, it is clear that it is just a matter of time before he throws his hat into the ring. When asked about his declaration for second term re-
The baTTle for The soul of The ConfluenCe sTaTe will be quiTe inTeresTing as many faCTors will Come To play during The parTies’ primaries sCheduled To
Take plaCe in augusT as The gubernaTorial eleCTion is
sCheduled for november 21.
Prince Abubakar Audu – APC
Prince Audu, a two time governor of the state between 1992- 1993 and 1999-2003, has been the leader of opposition in the state since he was defeated by Alhaji Idris in the 2003 gubernatorial election. He is currently the leader of APC in the state. The Prince of Niger, as he was fondly called, still believed that he has a lot to offer the state. Having done very well in terms of good governance and won laurels for the state in 2002 as the best governor in Nigeria during the media tour spare headed by former Information Minister, Prof Jerry Gana in collaboration with Nigeria Union of Journalists, NUJ. At a political rally endorsing him and the formal declaration to contest the governorship again in Lokoja, Audu carpeted his critics, saying he still has a lot to offer to put Kogi in sound footing. Audu is also an aspirant to beat; this is because he has the financial war chest to prosecute his ambition. Opinion, however, is divided over his candidature. Some political observers posited that he ought to have gone for national assignment rather than remain permanently at state level. Other believed that Audu is the best man for the job. But Audu, who had excelled at infrastructural development, believed that he can still do better if given the mandate to rule Kogi again.
Senator Alex Kadiri - APC
Senator Kadiri was a senator who represented Kogi East senatorial district between 1999 and 2003. He was said CONTINUED ON PAGE 44
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Politics
T
he Peoples Democratic Party, PDP, is in opposition, how would you rate the performance of its National Publicity Secretary, Olisa Metuh? I will say with all sense of humility that he is probably new on the job and it will be quite unfair to start evaluating or rating him because he is probably just a few months on the job. We hope he would learn the ropes and he would be able to assume the proper role of opposition. One thing you should realise in opposition is that for you to be relevant, you must be credible and also choose which battles to fight.. And above all, you must swim with public opinion. You see, no matter how strongly your party feels about an issue, if you do not correctly gauge public opinion about it and you go against it, even on principle, it will not help you politically. That is why I said you don’t have to comment on every issue when you are in opposition. And when in opposition, never give a threat which you cannot actually sustain. And above all, opposition becomes only relevant and credible if the government is not performing. When the government performs and an opposition just decides to be opposition, it becomes a nuisance to the public and very soon it will become irrelevant. But I believe that it will be unfair, I have been in opposition and I’ve done this job for about 9 years and I’m sure I didn’t start well the way I finished. So I think there is a lot of room for improvement for the opposition PDP. The burning issue presently in the country is this issue of Nigeria Liquefied Natural Gas, NLNG, over unpaid dividends and taxes, and a lot of groups including the PDP have said APC is feeding the public with lies. What exactly is the position of things with NLNG? I think what is happening now is that there is the need to come to term with the fact that everything has changed. Before now, there used to be such opaqueness surrounding what accrues to government; what is paid in. Before now, it was not unusual for the Nigerian National Petroleum Corporation, NNPC, to generate income and spend it. Before now, it was not unusual for NNPC to generate about $8 billion and N8 trillion and then pay in about N4.8 billion and nobody could actually ask questions. Now the first thing this government did and I think that it is one of the best approaches to combating corruption, was the abolition of all other accounts and said there must be a single treasury account, that all money accruing to the Federal Government must be paid into that one account. Now this was all what brought about the issue of Nigeria Liquefied Natural Gas, NLNG, when it paid its dividend for 2014, which was paid on June 17 this year. And the President said this money should be shared, using the usual formula, among the three tiers of government. But on the heels of that, the President decided that he must give the economy stimulus through the country. And in addition to asking that that money be shared, he also now directed the Central Bank of Nigeria, CBN, to create and arrange for a soft loan of between N250-300 billion to allow states that owed salaries to pay their workers so that there will be industrial peace. And finally, he directed the Debt Management Office, DMO, to buy all states’ debts with commercial banks, renegotiate them so that they will now be able to sustain them to pay salaries as at when due and also embark on developmental projects, because right now some states spend more than half of their allocation on debt servicing. Now I think it is childishness and amateurishness on the part of the PDP that rather than study this situation, went ahead to say ‘wait a minute, what are you talking about, this money was left behind by the Goodluck Jonathan administration. So you people must be lying to have said that you inherited an empty treasury.’ So when there was this controversy, we decided to go find out the truth from NLNG. And NLNG replied that it paid this money really on June 17. Of course when this was published, you see the
Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
Buhari’s govt has hit th Alhaji Lai Mohammed, National Publicity Secretary of the governing All Progressives Congress, APC, tells OLAJIDE OMOJOLOMOJU that the Muhammadu Buhari administration will fulfill its promise to Nigerians, adding that Peoples Democratic Party, PDP, is being childish and amateurish in opposition. Excerpts:
Mohammed
PDP again being very childish, I must say, said it was not possible, after all they have been on tax holiday for over 10 years. Who is talking of tax holiday? They said they paid their income tax, their dividends and their education tax. The fact that you’re given tax holiday doesn’t mean you’re not going to pay levies, education tax and dividends? That is how we now withdraw paper and found out that on May 9 and 21, 2009, NLNG had cause to publish how much it had paid to its shareholders and realised that about $4.782 billion was paid between 2004 and 2008 to the Federal Government. So we now begin to ask ourselves where this money has gone to. And because NNPC represents Nigeria on the board, money was paid to the account it domiciled with JP Morgan. So, this is what has really led to this revelation. But clearly, we can tell you authoritatively that the NLNG has been paying dividends since 2004. But the record with the office of the Account-General was that it was not aware of any dividend that was paid after 2008 and that even in 2008, all it received was $127 million, which was paid to it from JP Morgan. So there are a lot of questions to be asked. We
this era of transparency will help our economy and this is one of the most effective ways to fight corruption.
thank God that this is a new era of transparency and we are calling on the Federal Government to beam a search light on not just the NLNG but on other areas, because up till now, no Nigerians knew that we had a cash cow like NLNG. You see, because we’re talking about $4 billion, which actually translates to almost N1 trillion today or at worst N800 billion. That is just one aspect. So, for us in APC and the Muhammadu Buhari administration, we think it is a new era of transparency and henceforth it will be easier to manage this country because even though we have dwindling resources as a result of poor management, if every money is paid into the federation account, we will still have enough to manage our affairs. You can imagine nobody is accounting for N3.8 trillion from 2010 to 2014. NNPC didn’t tell us what they did with it. And we know now people, agencies just make money, spend it and remit whatever they want to the government and it should not be that way. They should make money, send it and then bring request. I think this era of transparency will help our economy and this is one of the most effective ways to fight corruption. You alleged that there have been huge withdrawals from commercial banks and that the withdrawals will not only affect those banks but also affect the economy. What steps will the government take to cushion the effect? You see about on Tuesday (last week), we got this information that following our press release the previous day, that some people in NNPC are now trying to withdraw huge sums of money from local banks. Presumably they believe that with all these search lights being beamed, very soon it will now go to where it is supposed to go. And you see, $1.2 billion, if removed from the market, is going to distort the
National Mirror www.nationalmirroronline.net
Tuesday, July 21, 2015
15
A PUBLICATION OF NATIONAL MIRROR NEWSPAPERS
Monarch calls for arrest of gay, lesbian couple THEOPHILUS ONOJEGHEN
WARRI
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or causing what could be described as an abominable act, the traditional ruler of Elepa Community in Ekeremor Local Gobernment Area of Bayelsa state, HRM King Apelle Ngbongoe, has demanded for the arrest of a suspected gay male indigene of the community and his lesbian wife by men of the Nigerian police. The call followed the September 2014 crisis in the community that was sparked off when the man, identified as Mr Albert Osagie, who is currently on the run, was reportedly caught pants down with a cohort in the unholy union. Contacted, Peter Osagie, a sibling of the on-the-run homosexual suspect, said his brother went into hiding because his life and those of his family members were being threatened. He further disclosed that extended members were being subjected to humiliation and threat by members of the community, who label them as “family of animals”. It was learnt that things went from bad to worse for Albert when revelation further emerged that his wife of many years, Abosede Osagie was also engaged in
L-R: Bishop of Bomadi Vicarate, Rt. Rev. Hyacinth Egbebu; Bishop of the Niger Delta West Diocese, Most Rev. Emmanuel Oko-Jaja and Bayelsa State Governor, Hon. Seriake Dickson, during an Interactive meeting between the Governor and Christian Leaders, in Yenagoa, yesterday.
lesbianism, despite having five children for him. It was gathered that the despicable act of the couple threw the community into confusion as Albert who was arrested by community youths was beaten to pulp and detained by local vigilante. However, it was learnt that he
escaped from the community’s custody before he could be handed over to the police for investigation and possible prosecution. Police source told our reporter that homosexuality is a serious crime that is frowned upon by both the community and the law. It carries a sentence of up to 14 years im-
prisonment. Nevertheless, much to the angst of the community leaders, Albert and his wife, Abosede, have gone underground for several months, a development that makes it impossible for the community to apprehend them. “They need to carry out
cleansing rituals because they have desecrated the land and they would face some penalties as consequences of their action. The only way to achieve that is to find them and bring them to the community,” a leader of the community who spoke on condition of anonymity stated.
ous facilities. “We have engaged NestOil Group GMD severally on this issue. He has always claimed that NNPC Group has not released funds to him to pay us. At present he is no longer accessible to us. He does not pick his calls neither is he available for a meeting. “In the alternative, kindly instruct NPDC to pay us immediately as your Interface Management
Contractor (NestOil Group Plc) has refused to pay us. Besides, NPDC awarded the contract to us in the first place. We do not have a signed contract agreement with NestOil Group Plc.” It however warned that “we want to place it on record that you should not mistake our magnanimity and simplicity in allowing you to operate freely in our communities as a sign of weakness.”
Odidi contractors appeal to NNPC over delayed payment …Threaten to disrupt oil activities
THEOPHILUS ONOJEGHEN WARRI
L
ocal contractors that handled the flowlines contract awarded to community contractors in Nigeria’s Oil Mining Lease, OML 42 (Odidi Field) in Warri South Local Government Area of Delta State, has appealed to the Group Managing Director of Nigerian National Petroleum Corporation, NNPC, to prevail on Nestoil Group Plc to pay them outstanding balance. The community contractors lamented that Nestoil which NPDC used in engaging them to execute the contract in March 2014 was yet to pay them, noting that banks and community workers used during the project were already on their neck for payment. In a letter addressed to NNPC GMD in Abuja by the local contractors which was made available to National Mirror revealed that the Group Managing Director of Nestoil has been evasive
since the completion of the job. The letter titled ‘Re: Flow Lines Contract Awarded to Community Contractors in Oml-42 (Odidi Field) – Demand for Balance Payment’ reads, “Kindly prevail on NestOil Group Plc to rise up to its responsibilities as we cannot continue to hold back local communities youths and suppliers we engaged in the execution of the contract which have not been paid since last year from going to site to stop your operation.” It explained that the contracts were executed successfully and invoices were as well submitted to NestOil Group Plc for payment since September and November 2014. “NestOil Group Plc has only effected part payment of the various contractors’ invoices”, it reads further. The letter signed by Global Plan Consolidated Co Nigeria Limited, S Y Mamamu And Sons Limited, Bil-Ke Corp Services Limited, Satebas Ventures Limited, Lkon Resources Nige-
ria Company, Odidi Integrated Services Limited and Dan Mene Enterprises on behalf of the aggrieved contractors. They stated that, “The delay in the settlement of the outstanding amount on our invoices has created indescribable hardships as we took loan facilities from banks in order to execute theproject works. As a result, high interest payment is mounting on our vari-
Mulade faults part-time commissionership in proposed DESOPADEC bill THEOPHILUS ONOJEGHEN WARRI
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s uproar continue to greet the amendment of the law establishing the Delta State Oil Producing Areas Development Commission, DESOPADEC, a Warri based social critic and rights activist, Mr. Sheriff Mulade, has faulted the section of the new bill which placed commissioners on part-time basis at the board of the commission. He also berated the selection of the Managing Director on the basis of senatorial zone, saying that
both sections should be jettisoned by the Delta State House Assembly amendment Committee as it negates the purpose for the establishment of the agencies. Mulade spoke yesterday during an interactive session with newsmen in Warri. He noted that the commission was established under the administration of former Governor James Ibori to cater for the underdevelopment oil bearing communities in the state. While faulting sections of the bill, Mulade who is also an environmentalist noted that commissioners are the only direct
representatives of the oil bearing communities in the board but if relegated to be on part-time it shows no one will be there to represent the interest of the people of Urhobo, Ijaw, Itsekiri, Isoko and Ndokwa who are supposed to be the direct beneficiaries of the agency. According to him, “I urged members of the Delta State House of Assembly, particularly, those from Delta South senatorial district to rise against these sections in ensuring that they are all corrected for the benefits of the three major ethnic groups of the district.”
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Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
Foundation seeks ways of reducing kidney related deaths OSAHON JULIUS, YENAGOA
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s a part of efforts to reduce the incidents of kidney related deaths and ailments in the country, the Julie Donli Kidney Foundation, said it has intensified its campaign towards saving Nigerians diagnosed with kidney related ailments with a clarion call on multinationals and other corporate Organizations to assist on issues of advocacy and treatment of patients. The founder of the Julie Donli Kidney Foundation, Barr. Julie Donli, said though the foundation is committed to the issues of advocacy, treatment and sponsorship of kidney transplants for patients, the call for participation of multinationals and corporate organizations will increase the numbers of patients saved from death as a result of kidney related ailments the country. in a statement made available to newsmen in Yenagoa on the advocacy visit to the Director General of the Securities and Exchange Commission, Abuja, Mr. Mounir Gwarzo, it said as part of the Corporate Social Responsibility of the SEC, it is important to partner with the foundation to ensure that the awareness is taken to every state of the federation. Julie Donli, while congratulating Mounir Gwarzo, on the confirmation of his appointment as
Participants at the Nigerian Bar Association, NBA Warri 2015 Law Week in Warri, yesterday.
Director General, noted that the Julie Donli Kidney Foundation was a Non Governmental Organization set up to create awareness on the importance of kidney health and to offer some financial assistance to indigent patients undergoing dialysis treatment or kidney transplant. According to her,” The medical options available to participants for different kidney ailments and the importance of the
kidneys to overall health is to reduce the frequency and impact of kidney disease and its associated health problems. As part of the corporate social responsibility of the SEC, it is important to partner with the foundation to ensure that the awareness is taken to every state of the federation”. A patron of the foundation Mr. Collins Adeyemi and Consultant Epidemiologist Dr. David Ad-
esanya presented the certificate of conferment as patron of Julie Donli Kidney Foundation to Mr. Mounir Gwarzo who gladly accepted it. Julie Donli later used the opportunity to invite the Director General to the official Launching/Fundraising of the foundation which will place on Thursday the 17th of September 2015 at Ladi Kwali Hall Sheraton Hotel Abuja, at 6pm.
The Director General thanked the Board of Trustees for the call and assured them that SEC would live up to their corporate social responsibility in partnering with the foundation as the health of the staff and the general community at large is paramount to the commission. He then promised to partner with the foundation to ensure that their stated goals and objectives are met.
Uneasy tension in Odi community over abducted don OSAHON JULIUS YENAGOA
U
neasy tension still pervade Odi community, Kolokuma/Opokuma local government area of Bayelsa where search for the abducted Professor Zibokere Daukiye, the Chairman of the Odi Compensation Funds Disbursement Committee, commenced by security agencies and community vigilante. The Professor was abducted on Friday by yet-to-be-identified gunmen who stormed the community whisked him away by speed boat through the community river. Niger Delta Mirror investigation revealed that Odi, a riverine community made famous by the 1999 invasion and consequent destruction of the community by federal troops under former President Olusegun Obasanjo, was deserted as only few people were seen in the community as at Monday morning. This cannot be unconnected by the recent abduction of the Professor who has been having running battles over the sharing
formula of the largesse awarded to the community by a Federal High Court and the disappearance of some of the money which did not go down well with many in the community. The serenity of community has been inflamed by crisis since 1999 when federal troops under President Olusegun Obasanjo bombarded the Ijaw community to avenge the murder of security operatives by youths during the era of militancy and it was further heighten when the community was awarded N37.6bn by a Federal High Court in Port Harcourt, Rivers State, but was later paid N15bn by the government after negotiation. The N15bn compensation the Federal Government paid to the community rather than bring blessing to the community has torn the people apart as brothers engaged each other in war or words or sometimes outright confrontation, which has unsettled the community. The recent kidnapping according to one of the commercial motor bike riders who spoke on condition of anonymity may be due to yet to be agreed principle
of sharing and alleged diversion of a chunk of the money by some of the elders. He said the abducted Daukiye was appointed amidst controversies by stakeholders in the community to manage the disbursement of the compensation funds but the way it has been manage still left much to be desired hence the fear that his kidnaped may not be unconnected to the tension that has enveloped the community since the compensation money came. Niger Delta Mirror gathered that the unknown gunmen were
said to have stormed the community on Friday on a speedboat through the river, created panic in the community by firing volleys of gunshots into the air to scare away the residents. The resident afraid that they have been invaded like the invasion and consequent massacre of 1919 had fled to many directions for safety as the gunmen invaded the residence of Daukiye. Police Public Relations Officer, Bayelsa State Command, Mr. Asinim Butswat, confirmed the incident, saying, “In the early hours of Friday, some unknown
gunmen stormed the residence of Professor Zibokere Daukiye, the Chairman of Odi Compensation Fund Disbursement Committee, at Odi community, in Kolokuma/Opokuma Local Government Area. “The unknown gunmen abducted him, whisked him to a waiting speedboat and sped off to an unknown destination.“A manhunt has been launched by a combined team of Marine Police, anti-kidnapping unit and Joint Military Task Force to rescue the victim and arrest the abductors .
Agency sacks refuse contractors over poor performance DENNIS NAKU
PORT HARCOURT
T
he Rivers State Waste Management Agency, RIWAMA said it has sacked three refuse contractors over poor performance.The Sole Administrator of RIWAMA, Felix Obuah disclosed this in a statement issued in Port Harcourt on Monday and signed by his media aide, Jerry Needam. The statement said the termination of their contracts is with
immediate effect. Obuah gave the names of the affected contractors as Bant Energy Limited and Achamska Nigeria Limited, both covering Oyigbo zone, as well as Snow View Support Services operating at Ada George area respectively. The statement reads, “The Sole Administrator of RIWAMA, Felix Obuah has terminated the contracts of the following Refuse Contractors with immediate effect, due to non performance.
The affected contractors are: BANT ENERGY LTD (ZONE: OYIBO), ACHAMSKA NIG LTD, (ZONE: OYIBO) and SNOW VIEW SUPPORT SERVICES (ZONE: ADA GEORGE ROAD). The Sole Administrator however re-assures people and residents of the state of a clean Port Harcourt, the Rivers State capital and its environs, warning non-performing contractors to be committed by keeping their zones clean or face termination of their contracts.
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Tuesday, July 21, 2015
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El-Rufai and his presidential ambition MOHAMMED SEIDU
W
hen one thinks about James Freeman Clarke’s observation that “politicians all too often think about the next election, statesmen think about the next generation”, one would have thought he had Nigeria in mind. With the 2015 presidential election concluded, politicians are now setting their sights on the next elections, which come up in 2019. While the All Progressives Congress (APC) is still trying to establish itself in power, the permutations, intrigues and behind-the-scenes negotiations have started going on within the ruling party as to the person that would replace President Muhammadu Buhari, who appears not to be interested in seeking a second term. Noticing this potential vacuum, “smart” politicians have started jostling for the exalted position. Leading the pack is Mallam Nasir el-Rufai, the governor of Kaduna State. The idea of El-Rufai’s presidential ambition should not come to any keen political observer as a surprise. As one of the leading figures in Chief Olusegun Obasanjo administration, he tried unsuccessfully to lobby his colleagues to prevail on the Otta farmer to endorse his presidential ambition. He came up against a brick wall as Chief Obasanjo went over him and handpicked the late Umaru Musa Yar’adua to succeed him. Little wonder then that he constituted
himself as a staunch opposition to the presidency of Yar’Adua. He was not ashamed to get into the gutter and throw mud at the presidency in order to make Nigerians realise that Obasanjo made an error in anointing Yar’Adua. El-Rufai even lent credence to this fact in his book, ‘The Accidental Public Servant’, where he shamelessly confessed and admitted that there was no cabal anywhere when Yar’adua was incapacitated. He revealed that the groundswell of belief and opinion about the cabal was deliberately planted in the media by him and his ilk. Not discouraged, he was touted at some points in 2012 to have been the “anointed” candidate to replace Buhari after the General made the public statement to the effect that he would not be contesting elections for the presidency after 2015. In fact, the leadership of the defunct Congress for Progressive Change (CPC) seriously considered the “El-Rufai option” before Buhari made an unusual U-turn to contest again in 2015. No one should be misled by the fact that El-Rufai was arm-twisted to drop his main political ambition to contest for the governorship of Kaduna State. Indeed, this writer has it on good authority that for him to achieve this ambition, he lobbied profusely for the post of Chief of Staff to Buhari in the event that the latter would win the presidential election. My authoritative source, a top member of the APC, confirmed that El-Rufai’s
HE TURNED AGAINST HIS BENEFACTOR, ALHAJI ABUBAKAR ATIKU, AS SOON AS HE WRONGLY FELT THAT
OBASANJO
WOULD HAND OVER TO HIM legendary hatred for the party’s national leader, Asiwaju Bola Tinubu, was the only thing that stood in his way. It is likely that Nasir had a hard time convincing Asiwaju of his sincerity and loyalty. This may account for his ending up as a governor rather than Chief of Staff to President Buhari. He is presently using General Buhari as a stepping stone to achieve his selfish objective. Nasir does have a history of treacheries and betrayals. We have seen how he turned against his friends, including Dr. Ngozi Okonjo Iweala. Presently, he is hiding behind Gov. Oshiomole to taint the image of the former minister through unsubstantiated allegations concerning expense from the Excess Crude Account (ECA). He turned against his benefactor, Alhaji Abubakar Atiku, as soon as he wrongly felt that Obasanjo would hand over to him. He stabbed his friend, Nuhu
Ribadu, in the back as soon as Tinubu picked him as the candidate of choice in Action Congress of Nigeria (ACN). Mallam el-Rufai is not oblivious of the fact that he will be coming up against stiff opposition from, not only his arch enemies in the camp of Tinubu, but also Rabiu Musa Kwankwaso, Alhaji Atiku and the present Senate President, Dr. Bukola Saraki. He is not leaving anything to chance at all as he has begun a serious social media campaign about his achievements as Kaduna State governor to properly position him for 2019. He has also invested heavily in media patronage to put him in a good stead. The present Sahara Reporters reportage against Tinubu and all the supposed enemies of ElRufai is not unconnected with this man’s ambition. He uses social media to launder his image daily and to cleverly show that he is a performer, while the President is a dullard. He was the mastermind behind the social media sensation of BringBackOurGirls, and now that it has accomplished its aim, the BBOG has lost its voice. El-Rufai is a master of using proxies to fight his battles while he pretends to the Nigerian public to be a serious minded reformer. We must watch out for this shrewd man with a not too altruistic motive. How can we ever forget the monumental damage he wrought as Minister for the Federal Capital Territory (FCT)? Seidu wrote from Abuja
On the Mile 2-Apapa-Ijora gridlock UZODINMA NWAOGBE
F
or eight years, my friend and former governor of Lagos, Babatunde Raji Fashola (SAN), failed to solve the problem of the tanker drivers turning the Mile 2-Apapa Expressway into a parking space. The parking of these trucks on this highway has caused untold hardship for both residents and commuters using the road. Severally, he visited the place and applied ‘fire brigade’ approach that never took care of the situation permanently. Now incumbent Governor Akinwunmi Ambode has also embarked on the same methodology his predecessor used without favourable results. Reports has it that Governor Ambode has visited the place twice since resuming office with no concrete solution as to permanently get these tanker drivers off the highways to save the commuters who ply that route daily from the harrowing experience. For as long as Nigeria exports crude oil and turns around to import the finished product, which is very essential in driving the economy, the lingering gridlock within that axis will remain unless the man in Lagos takes decisive measures. To fix the problem, we must address the ravaging corruption and indiscipline in the system. It is embarrassing and very degrading for a nation to continue to operate a sys-
tem that allows few individuals to hold the rest of us to ransom. I think that by now both the state and federal governments should have put heads together to fashion how to end this nonsense that has become a national disgrace. I urge Governor Ambode to secretly engage two or three independent minds to investigate for him the real cause of the menace because it does appear to me the government does not understand the real cause of the problem hence, does not know how to approach the solution. It is the first step for the governor to embark on if he is seriously concerned about ending this gridlock usually caused by the tanker drivers on this route. Along this direction, the governor must engage the union members as they are the root cause of this nonsense. The union members are feeding fat from this long queue of trucks about to load premium spirit for onward delivery to their stations. It is alleged that monies exchange hand on the truck that will load what and when thereby, causing these logjam. It is distasteful, very unpatriotic that the union members are doing this to their fatherland, causing pain and early deaths to their fellow citizens because of their selfish interest. The security agencies, including the Navy, Army, Police, and even LASTMA are now neck dip in this crime against the people of Nigeria. Rather than
TO FIX THE PROBLEM, WE MUST ADDRESS THE RAVAGING CORRUPTION AND INDISCIPLINE IN THE SYSTEM the security agents maintaining sanity here, they have joined the union members and others in the racket. It is so unfortunate that our security men participate fully in the problem when they are supposed to help find the solution. At Mile 2, we have an Army Signal barracks and just a stone throw, we also have Navy and other military barracks yet, there is no discipline on the road. The question I have always asked is assuming there is military emergency in this road what would be the fate of the people? Won’t these trucks hamper the free movement of both the military and civilians alike? I also suppose Apapa-Mile 2-Ojo axis is a military zone? So, the Ambode administration in Lagos must initiate a meeting with the military and police top hierarchs immediate solution of this problem. I believe very strongly that this problem can be arrested within 48 hours if the number one man in Lagos with the cooperation of the security agencies give it all takes.
Again, let Ambode meet with the tanker owners, oil marketers and the leaders of tanker drivers union on this issue for immediate solution. Most of these tanker owners have parks where their trucks can be parked until when they are ready to load products at Apapa. But they are not using it; rather they have chosen to come to Mile 2-Apapa road to park their trucks because of the monumental corruption going on there. With the tanker owners and marketers agreeing on something tangible toward the solution, I have no doubt in my mind that the problem is near solved. The Federal Government must step up the repairs on our refineries to discourage this idea of sending our crude out to be refined, when we can do it here. We appear to be the only oil producing country in the world sending its crude out to be refined and later import same for domestic use. President Muhammadu Buhari must make it a priority to end this before vacating office in the next four years. It is part of the corruption he must fight. Uzodinma Nwaogbe wrote from Lagos. Send your views by mail or sms to PMB 10001, Ikoyi, or our Email: mail@ nationalmirroronline.net mirrorlagos@ yahoo.com or 08164966858 (SMS only). The Editor reserves the right to edit and reject views or photographs. Pseudonyms may be used but must be clearly marked as such.
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Editorial
Tuesday, July 21, 2015
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SUNDAY OLAJIDE MANAGING DIRECTOR/CEO BEN MEMULETIWON ACTING DAILY EDITOR GBEMI OLUJOBI SATURDAY EDITOR AYO OLESIN SUNDAY EDITOR DOZIE OKEBALAMA COORDINATOR, EDITORIAL BOARD CALLISTUS OKE EDITORIAL PAGE EDITOR ISE-OLUWA IGE ABUJA BUREAU CHIEF AUGUSTUS IMEKAN ACTING HEAD, GRAPHICS
Workers’ salaries and Buhari’s bail-out A mid public outrage and untold hardship workers at virtually all tiers of government in the country were subjected to for several months, occasioned by arrears of salaries owed them, President Muhammadu Buhari penultimate Monday approved three interventionist measures to save the situation. They included the sharing of $2.1 billion (N413.7 billion) dividend paid into the Federation Account by the Nigeria Liquefied Natural Gas Company (NLNG); a Central Bank of Nigeria (CBN)-packaged special intervention fund that will offer between N250 billion to N300 billion financing to states as soft loans for the purposes of settling the backlog of salaries; and a debt relief programme designed by the Debt Management Office (DMO) to assist states restructure their commercial loans currently put at over N660 billion, as well as the extension of the lifespan of such loans with reduced debt-servicing bills. The beneficiaries of the lifeline are federal workers and their counterparts in states ridiculed by financial incapacitation; and perhaps local government workers also caught in the unpaid salaries’ web. The cheerful effect of the relief could be easily visualized from the widespread applause the ges-
ture attracted from the public; and the largely contemptuous response of many Nigerians to the disputations of the opposition Peoples Democratic Party (PDP) concerning the source of the intervention fund. While the PDP suggested that the bail-out fund came from savings accumulated in the Excess Crude Account (ECA), which the government of former President Goodluck Jonathan handed over to the Buhari administration; the Presidency, in a statement by the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, dismissed the claim of the PDP as incorrect. Beyond the foregoing contentions, however, what ought to gain serious attention is how beneficiary states utilise the bail-out funds, given the predisposition of many governors to wasteful spending. Besides, this being an election year, it is not improbable that many governors contributed to their financial predicaments through lavishing state funds on bankrolling either their preferred successors, their quest for places in the senate and assisting their political parties, among others. Therefore, it is imperative that the Presidency invests as much effort in cautioning governors on the absolute need for them
July 21, 1976 Christopher Ewart-Biggs, the British Ambassador to the Republic of Ireland, was assassinated by the Provisional Irish Republican Army (IRA). Ewart-Biggs (1921–1976) was an author and senior Foreign Office liaison officer with MI6. He was assassinated by the IRA in Sandyford, Dublin, as alleged MI6 agent. His widow, Jane Ewart-Biggs, now late, thereafter campaigned to improve Anglo-Irish relations.
INDUSTRIAL CHAOS AND ANARCHY MAY NOT BE RULED OUT IN STATES WHOSE
GOVERNORS MAY WISH TO STUBBORNLY DIVERT OR TRIFLE WITH THE FUNDS to utilise the funds strictly for the purpose they were meant to serve, which is the settlement of outstanding workers’ salaries and pensions. The governors of many states caught in the salary death trap have pledged their prudent application of the funds, on the one hand; while on the other, organised labour is waiting in the wings to go for the jugular of any of them that will divert the funds. It is, indeed, the general impression that most governors did not manage their monthly allocations from Abuja properly. The General Secretary of the Nigeria Labour Congress (NLC), Dr. Peter Ozon-Eson, for example, had appealed to President Buhari to prevail on governors to ensure that on getting the interventionist fund, “they should not again blow it on other things”. He said “the first priority must be defraying the arrears of salaries and pensions
ON THIS DAY July 21, 2007 ‘Harry Potter and the Deathly Hallows’, the fastest-selling novel ever, was published. It sold 15 million copies in the first 24 hours of its release. It is the seventh and final novel of the Harry Potter series, written by British author, J. K. Rowling. The novel chronicles the events directly following Harry Potter and the HalfBlood Prince (2005), and the final confrontation between the wizards - Harry Potter and Lord Voldemort.
of pensioners who have not been paid for 11 to 12 months”. The Trade Union Congress (TUC) in Ondo State had likewise warned against the diversion of the fund in the state. The chairman of the union, Mr. Sola Ekundayo, in a statement credited to him in Akure last week, said: “Congress will not tolerate diversion of such fund into any capital project. We are not against embarking on capital projects, but our welfare must first be taken care of in terms of salaries and allowances. This is what can guarantee industrial peace in the state”. In truth, this reflects the position of workers in all the affected states. Thus, industrial chaos and anarchy may not be ruled out in states whose governors may wish to stubbornly divert or trifle with the funds. To be fore warned is to be fore armed. The governors have once been thoroughly beaten and indeed, woefully subdued by the dearth of cash. Public expectation is that they should be twice shy and intensify their search for alternative sources of revenue to sustain their states, even if it implies rooting for changes that can bring about fiscal federalism as against the ‘sharing federalism’ now in place, which favours the centre and relegate states.
July 21, 2013 Philippe of Belgium became King of the Belgians. The monarchy of Belgium is a constitutional, popular and hereditary monarchy whose incumbent is titled the King or Queen of the Belgians and serves as the country’s head of state. There have been seven Belgian monarchs since independence in 1830. The present incumbent, Philippe, became monarch on July 21, 2013.
Business
Tuesday, July 21, 2015
Another building collapse:
Experts task SON on implementation of building codes
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Aviation expert disagrees with Joda transition committee’s recommendation
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PENCOM mobilizes staff for retiring workers’ verification exercise
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AIRLINES’ FLIGHT SCHEDULES Dana Air Abuja-Lagos 9am, 1pm, 5.28pm daily Lagos-Abuja 7am, 11am, 1.23pm,3.30pm daily Lagos-PH: 7.20AM, Ph-Abuja9.54am, Abuja-ph: 3.30pm and Ph-Lagos: 5.28pm daily Lagos-Uyo: 9.20am, Uyo-Abuja: 11.07am, Abuja-Uyo 1.05pm, Uyo-Lagos: 3pm daily Weekends Lagos-Abuja: 7.02am, 9am, 3.30pm Abuja-Lagos: 9am, 2.20pm and 5.28pm Lagos -Phc: 11.07am Phc-Lagos: 1.05pm Phc-Abuja: 12.51pm Abuja-Phc: 10.50am Lagos-Uyo: 9.18am Uyo-LOS -3.03pm Uyo-Abuja: 11.07am Abuja-Uyo: 1.05pm
Aero Contractors
Trapped fund in real estate sector crucial to affordable housing –Experts With the nation’s housing gap estimated at about 17 million units, real estate experts have identified the trapped fund in the sector estimated at over N2 trillion as capable of bridging the housing deficit if effectively mobilized and deployed. In this analysis, SYLVA EMEKA-OKEREKE, takes a critical assessment of the potential benefits of the accrued pension funds for the cash-strapped but capital intensive housing sector.
D
espite sundry efforts by governments in the country and private investors to tackle the challenge of poor housing, the menace continues to undermine Nigerians’ productivity as millions of the productive population cannot afford decent homes. Even when real estate developers are doing so much to close the estimated the housing gap, the
militating circumstances, especially paucity of funds and fiscal policy challenges, have continued to hamper efforts to ameliorate the burden of homelessness among millions of socially disadvantaged Nigerians. However, recent thinking among industry stakeholders suggests clearly that the trapped fund in the sector could become handy for Nigeria to drive the agenda of
affordable housing for all if properly recovered and utilised. Reflecting on the nation’s housing sector challenge and how to address it, a Mortgage Banker, Mr. Wale Alaka, said that part of the estimated N2 trillion was capable of reducing the housing deficits in the country by over 50 percent if harnessed. Alaka believed that the Central Bank of Nigeria, CBN, must
design ways of harnessing and utilising the fund to improve the sector, saying apart from providing affordable houses for the teeming masses, the fund would also create employment opportunities for the youths. He said: “Youths are begging to work. If you harness this fund, do you know what it means? Many artisans will be employed. I tell CONTINUED ON PAGE 20
Lag-Abj: 06.50, 13.30, 16.30, 19.45 (Mon-Fri/Sat/Sun), 12.30 (Sun) 16.45 (Sat) Abj-Los: 07.30, 13.00, 19.00 (Mon-Fri/Sat, 10.30, 14.30, 19.30 (Sun, 18.30 Sat) Lag-Benin: 07.45, 11.00, 15.30 (Mon-Fri/Sat/ Sun) 12.30 (Sun 15.30 (Sat) Ben-Lag: 09.15, 12.30, 17.00 (Mon-Fri/Sat/Sun) 17.00 (Sat) 14.00 (Sun)Lag-Owe: 7.45am, 2pm daily
Med-View Airline Lagos- Abuja (Mon-Fri): 07.00, 08.50, 12.00, 16.30. Abuja- Lagos (Mon-Fri): 09.00, 14.00, 15.00, 18.30. Lagos-Yola (Mon-Fri): 8.50am. Yola-Lagos (Mon-Fri): 13.00. Lagos- PHC (Mon-Fri): 17.00. PHC-Lagos: 19.00. Abuja-Yola: 11.00. Yola-Abuja: 13.00. Lagos-Abuja (Sat): 08.00, 08.50. Abuja-Lagos (Sat): 10.00, 15.00. Lagos-PHC (Sat): 17.00. PHC-Lagos (Sat): 19.00. Lagos-Yola (Sat): 08.50. Yola-Lagos (Sat): 13.00
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Tuesday, July 21, 2015
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Trapped fund in real estate sector crucial to affordable housing –Experts CONTINUED FROM PAGE 19 you, the real estate has great potential. Money is in the sector and it has not been tapped. “Let me tell you, that real estate has the potential to change the face of the nation’s economy. If government decides to invest in the 17 million housing deficits, the resources from the sector will be bigger than that of oil’’, he stated. According to him, if the over N2 billion trapped in the housing industry is harnessed and deployed appropriately, the growing housing deficits of 17 million would be a thing of the past. While noting that Federal Government has a major role to play to reduce the growing housing deficit, he said government should declare a state of emergency in the sector to be able to reduce such deficit. An Economic Analyst, Mr. Charles Malize also noted that the nation’s banks had over $5 billion,( about N700 billion) trapped in the nation’s real estate sector as a result of the boom witnessed in the sector in 2014. According to him, the Nigerian Stock Exchange, NSE, had also acknowledged that the margin loans by banks to real estate speculators hover around the figure. Malize said: “With the excessive level of non-performing loans of nine banks, there would be limited bank financing to purchase properties as investors’ confidence has been eroded’’. He explained further that the capital market had been experiencing a slump in demand at high end while yields have dropped as investors that had loan exposures on their real estate investments are being forced to sell. He also noted that banks in a bid to recover its outstanding debts were no longer financing real estate, hence, the squeeze is expected to be more as purchasing power is limited to transactions. “Its record has shown that out of the N1 trillion, about $7.1 billion margin loans granted by banks, only N300 billion, about 2.1 billion are in the hands of some stockbrokers while the remaining N700 billion were advanced to real estate investors and speculators’’, Malize said. While noting that the purchasing power of investors in the sector is on a downward trend as there is less money in circulation, he said the sector’s exposure to capital market has lead to its current cash squeeze. Experts have also warned that, unless urgent steps were taken by the Federal Government to stem the tide, the growing financial squeeze might worsen the situation as investors in the sector may lose huge investments. Prior to the global recession, analysts had doused the tension, that the nation’s real estate sector was insulated from global financial crisis and as such might withstand the test of time. They listed Lagos, Abuja and Port Harcourt, Rivers state as some of the states immune from such crisis. However, the prevailing situation has contradicted such prediction. They listed some factors contributing to the down trend to include, the crash in oil prices, fall in exchange rate as well as injection of bailout funds into the nation’s system, according to experts, have contributed to the growing negative financial impacts of the economy and by extension, the real
Vice President, Osinbajo
Kumo
WITH THE EXCESSIVE LEVEL OF NON-PERFORMING LOANS OF NINE BANKS, THERE WOULD BE LIMITED BANK FINANCING TO PURCHASE PROPERTIES AS INVESTORS’ CONFIDENCE HAS BEEN ERODED
estate sector. With the current crisis in the banking sector, foreign investors have stopped investing in various sectors, including property developments. Already, Nigeria’s financial institutions are finding it difficult to secure credit to fund some of projects at home, just as banks have decreased ability to lend at attractive rates. Vice Chairman, Association of Estate Agency of Nigeria, AEAN, Esv Kunle Adedeji had raised alarm over the growing exchange rate. He said, ‘’I cannot buy something for N20 abroad in dollar rate and sell it N5 in local currency, so exchange rate is part of the problem. Government should develop local content; we have lots of local content that we can develop which will work for us and make the cost of building materials to crash’’. Experts said, in order not to lose equity investments, some investors have exchanged their stock with property collateral, which according to them might worsen the trend. They however argued that if out of the 17 million deficits, government decides to address 5 million deficits by providing houses at N5 million each, there would be a multiplier effect as the revenue accruing from it would be bigger than the revenue coming from any other sector. According to them, government should involve the private sector, adding that one of the ways there is no liquidity for property development is due to lack of funds. ‘’Anybody that comes out with property bond of N100 million today, it will be fully subscribed because the law compels them to invest in real estate instrument, not directly’’, they added. Some local and foreign investors have abandoned some housing projects due to financing concerns, creating more pandemonium to market stability.
Increased investments from both foreign and local investors have created increased demands for prime residential and commercial property in the country. Recent survey by the Nigeria Institution of Estate Surveyors and Valuers shows that a number of houses put up for sale early last year, remained unsold. Property prices in prime areas have suffered a sharp drop in value up to 30-40 per cent as consensus in the market is not showing any solution in sight. For instance, Banana Island and Lekki housing projects among others were said to have been built with funds from the capital market and as such, it has become difficult for investors to service their bank loans, causing further liquidity crisis for banks. Monetary policy, tax, regulations and underlying fundamental drivers such as demographics and urbanisation will have a significant impact on property markets, according to the latest real estate analysis. ‘Economic growth can certainly be a reasonable lead indicator as to which way housing markets will go,’ said some experts. Already, the International Monetary Fund is forecasting stronger growth in 2015 for six out of the 11 major countries in the region. While this should be a positive sign for home owners or investors, the reality is that in many cases there has been a divergence between short term economic growth and market performance. A finance expert, Gareth Bertram of John Charles Personal Finance said the alternative to traditional stock market is investing a self-invested personal pension (SIPP) in variety of assets. He noted that because many investors are already familiar and comfortable with the stock, the alternative option is property. Of course, this will not be right for everyone as there are risks attached, just as there are also a number of potential advan-
Eleh
tages to invest in property through SIPP as opposed to using traditional pension fund. Some reasons to invest in property include alternative to volatile and underperforming stock markets. The performance of traditional pension funds is often strongly linked to that of stock markets. Unfortunately, in recent years, stock markets have performed poorly and annuity rates are at historic lows. He said, by investing your pension in property, you can avoid volatile equity markets and find an alternative source of growth and income. Again, in investing in property, the traditional investors in stock will avoid hefty pension fund fees. Many pension funds charge significant fees for managing your investments, even when they perform poorly, thereby reducing the value of your pension. And if you invested via an independent financial advisor, IFA, you may also be paying commission to them. By taking control of your pension yourself through SIPP and investing in property, you can avoid these fees and make more of your pension pot. Also by investing your pension in property, not only could you achieve capital growth on your investments, but could also collect a regular income from a tenant. What’s more, if this rental income is enough for you to live off in retirement, you could potentially enjoy further capital growth from your investments, even after retirement. ‘’With annuity rates at historic lows of around 4 percent, the traditional option for retirees is looking increasingly unattractive. What’s more, when you buy an annuity, you give up any further growth from your pension. By investing in property with a rental income on the other hand, you have the opportunity to enjoy a regular income and still grow your capital’’, ‘’It will also boost the power of your pension by 50 percent. If you invest your pension in property, you could also take out a mortgage of up to 50 percent, thereby boosting the investment potential of your pension pot. And by renting out the property, you could effectively get someone else to pay off the mortgage while you enjoy the potential capital growth. The value of your property investments may fall or rise depending on market conditions and any other factors’’, he stated.
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Business News
Tuesday, July 21, 2015
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AGF tasks public sector accountants on fiscal prudence TOLA AKINMUTIMI
T
he Accountant General of the Federation, AGF, Alhaji Ahmed Idris, has advised Accountants working in the public sector, to ensure that government funds are prudently and judiciously managed to ensure actualization of the objectives of government’s plans and programmes nationwide. Idris, who gave the advice
when he addressed the Executive members of the Association of the National Accountants of Nigeria, (ANAN) FCT branch, in Abuja, said the decline in the revenue of the government as a result of the fall in the oil price was capable of affecting the business of governance if not properly managed. A statement issued by the Deputy Director Press OAGF and signed by Ifeanyi Okeke quoted the Accountant General
as calling for a more innovative, efficient and prudent management of the available resources, saying that ANAN, whose members are controllers of funds in the civil service, must see themselves as critical stakeholders in this administration. The AGF pledged his commitment to upholding the professional ethics of the body in the
discharges of his duty as the Accountant General of the Federation, adding that he will in line with the President’s directive ensure that all forms of leakages in public finance are plugged so that available funds will be judiciously utilized. The leader of the delegation and Chairman ANAN FCT chapter, Mr. Benjamin Ogbeide,
commended Alhaji Idris on his appointment, saying it is a glorious moment for the body, as one of her own has been elevated to this position. He pledged the commitment and support of ANAN in the FCT and the Nation in ensuring the AGF discharges his duty excellently.
FGBMFI to provide members with business opportunities DAVID AUDU
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he South West District of the Full Gospel Businessmen’s Fellowship International, FGBMFI, Lagos is set to avail its members with business opportunities during its annual business seminar with the theme “Understanding the Times.” A statement signed by the fellowship stated that the seminar, slated for Friday to Saturday July next week will afford participants the opportunity to address the prevalent economic challenges, proffer suggestions for business men and women on how to reduce the impact of these challenging and more importantly, recognise and seize the opportunities available. Among the experts listed to deliver papers during the event are the managing director of, Quest Advisory Services Ltd. and member of faculty of Lagos Business School Enterprise Development Center, EDC, of the Pan Atlantic University, PAU, Bayo Rotimi, who will speak on the topic ‘Doing business in an austerity and post election economy: challenges and opportunities’. Others are, Augustine Edet, co-founder, Nextzon, Founder SavviLaw Firm and Faculty member Enterprise Development Center, EDC, PAU, who
will also speak on ‘Attractive sectoral opportunities for MSMES in a post-election economy’; while the Senior Special Assistant to the Central Bank of Nigeria, CBN, Governor, Paul Eluhaiwe, will speak on funding and growth opportunities for MSMES from the CBN development finance perspective High point of the seminar, according to the organiser would be a presentation from the Trade Delegation from Vuka Africa Foundation of South Africa. They will also be presenting business men and women from South Africa to meet potential business partners in Nigeria from the fellowship. Vuka Africa, which means Africa Arise, will also share with Nigerian fellowship members topics such as Intra-Africa Trade and Investment – Vuka Africa’s Missions to the nations; Establishing Kingdom Economic Systems for Africa’s redevelopment and panel discussion on Africa’s Giants, South Africa and Nigeria’s economic destinies. The event will also have the business clinic to be anchored by experts from Lagos Business School and Pan Atlantic University’s Enterprise Development Center’. The statement noted further that “this year’s business seminar will be wrapped up with a session on Spiritual Empowerment.
Group Head, Corporate Communications/Youths & Diaspora Segment of First City Monument Bank (FCMB), Mrs. Uchenna Mojekwu and a former Deputy Governor of the Central Bank of Nigeria, Dr. Obadiah Mailafia, during the Association of Nigerian Women Academic Doctors (ANWAD) conference held on July 16, 2015 in Abuja.
40 Sterling Plus Cash Reward Scheme winners get prizes
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n fulfillment of its promise to reward customer loyalty and encourage a savings culture among Nigerians, Sterling Bank Plc at the weekend rewarded 40 customers in the New Sterling Plus Cash Reward Scheme. The customers were selected via an electronic raffle draw and winners emerged from various parts of the country. Sterling Plus is a new proposition for the retail segment of the market. All customers with a minimum balance of N5,000 automatically qualify for the draws with 1 ticket while subsequent multiples of N5,000 result in additional tickets. The next draw will come up this week at the Sterling Towers head office of the Bank in Lagos. The New Sterling Plus is a hybrid offering with the promise of many goodies and freebies such
as free Lenovo smartphones preloaded with cool financial and entertainment applications among others for individual customers. The Bank’s Executive Director, Finance & Strategy, Abubakar Suleiman explained that with applications such as the Sterling Mobile Banking (banking on the go), Solo music (which gives access to over 20 million songs from local and foreign artistes), Solo movies (an affordable pay per view with access to the latest Hollywood, Bollywood, Nollywood movies) and the Billionaire Club game(a financial and investment literacy tool) pre-installed on it, customers are assured of having an exciting experience while fulfilling their banking, entertainment and financial literacy needs. He disclosed that the product which can be accessed at any
Sterling Bank branch with a minimum balance of N5,000was the perfect solution for individuals interested in enjoying the benefits of both current and savings account offerings, without the associated cost of running a current account. Suleiman stated that customers with the New Sterling Plus will be entitled to a free Lenovo mobile smart phone, free cheque books, free debit cards and free alerts (SMS and e-mails) on their transactions adding that 20 people would win N50,000 each every week for a period of one year while10 people would win N100,000 monthly. According to him, “two people would win N500,000 quarterly and one lucky individual would win N1 million on special holidays (as declared by the federal government)”.
Vitafoam expands operations, inaugurates new Comfort Centre
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etermined to boost its income profile, Vitafoam Nigeria Plc inaugurated the second Comfort Centre in Warri, Delta State, at the weekend. The Comfort Centre symbolizes is a strategic presence of Vitafoam in any location as it provides an easy access to the company’s products all time. Addressing the company’s key
distributors at the inauguration, the Group Managing Director, Mr Taiwo Adeniyi, explained that the rationale for a second Comfort Centre in Warri was to meet the increasing demand for the company’s products in view of the quality associated with them. On the overriding objective of a Comfort Centre Adeniyi pointed out that “the Centre is a re-
tail concept born out of need to providing convenience and complete solution for our esteemed customers’ needs for premium comfort, wellness and relaxation. “It is an experimental centre where our esteemed customers view, appreciate and experience Vitafoam products in use and the world of Vitafoam.”, he added. The company’s boss listed the products range in the Comfort
Centre as, Lifestyle products such as Eco-Robust Sofa, Cox louge, Cladding Club Chairs, Cupboard, tables sets, Duvet, Bedsheet, Throw Pillows and Memory Topper. Others are, premium health products such as spring matress and twill. He noted that the company also produces baby cot, sofa and mat. “We also have vita leisure mat,
judo trendy mat, exercise mat, music pillow and multipurpose sofa in our product range.”, he said. Commenting further, Adeniyi explained that over the years, Vitafoam had moved from being a household name in the production of just mattresses and pillows into being a foremost provider of ultimate comfort products.
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Business News
Tuesday, July 21, 2015
FG to pay N400bn subsidy claims to marketers UDEME AKPAN
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he Federal Government has promised to pay oil marketers N400 billion subsidy in order to bring to an end the nation’s prolonged fuel scarcity soon. The decision to pay the marketers and Depot and Petroleum Marketers Association, (DAPPMA) was said to have been taken at a recent meeting between them and Vice President Yemi Osibanjo in Abuja. Investigations showed that some stakeholders such as Ministry of Finance, Petroleum Products Pricing Regulatory Agency, PPPRA and the Nigerian National Petroleum Corporation, NNPC were already providing detailed information and other relevant documents to ensure the marketers are paid in the coming weeks. The Executive Secretary of Major Marketers Association of Ni-
geria, MOMAN, Mr. Femi Olawore who confirmed the development in a telephone interview over the weekend said the President Buhari-led administration had expressed its determination to tackle the scarcity through prompt payment of subsidy to marketers. “Indeed, we met with Vice President Yemi Osinbanjo who expressed the determination of the government to settle the outstanding without delay.” “The government is aware of the plight of marketers which explains why it is resolute in finding lasting solution to the challenge,” he said. He said the marketers have not been able to import commercial quantity of fuel because of lack of funds. Olawore indicated that the marketers were constrained, especially following the unwillingness of commercial banks to grant loans, adding that the marketers would be able to import more products if
the Federal Government fulfils its promise. The fuel subsidy was previously put at N300 billion before rising to N400 billion recently as a result of the new claims and verifications of PPPRA. Meanwhile, fuel scarcity has not abated in Lagos and its environs as well as other parts of the nation. A survey by National Mirror of the market situation at the weekend showed that many marketers did not have any stocks of the product to sell. Long queues were witnessed at many outlets, some of which were completely closed to customers. Illegal operators were also seen selling products at arbitrary prices, ranging from N150 to N300 per a liter. A few independents that have the product sell at between N100 and N200 per liter, depending on their locations.
National Mirror www.nationalmirroronline.net
Irish firm eyes Nigerian hospitality market ISAIAH ERHIAWARIEN
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olfing Holidays, Ireland (GHI), Irish tour and holiday organisers has picked interest in the Nigerian hospitality industry promising to extend its services to the country. According to the company, in view of its interest in the nation’s hospitality industry, it has chosen another Nigerian hospitality firm, FLV Nigeria as its strategic partner. GHI in a press statement said that it will be focusing solely on Golf vacations saying that its partnership with FLV Nigeria will not only increase the number of golf enthusiasts from Nigeria to Ireland, but will also in time, improve business networking between both countries. Senior Executive, GHI, Mr. Patrick Marsh while expressing
3rd NBAC Conference holds March 2016 OLUSEGUN KOIKI
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L-R: Chief Executive Officer (CEO) Etisalat Nig. Ltd, Mathew Wilsher; (middle), Executive Director, Lagos and West, Keystone Bank, Mr. Innocent Ike; and the Group Head, Telecoms Media, and Tech, Keystone Bank, Mrs. Yetunde Jaiyesimi; during the Etisalat N40billion loan facility event in Lagos.. last week.
Expert urges banks, others to explore blogging opportunities DAVID AUDU
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igerian financial institutions have been urged to utilized blogs and bloggers to build their respective bank brands and create viral marketing for their new and existing products. Marketing communication expert, Mr. Kayode Akinyemi, who made the call at a banker and bloggers conference in Lagos, stressed that most banks did not factor in blogging as a critical component of its online strategy. “This has naturally led to overreliance on traditional communication approaches such as advert and other conventional PR activities as well as below the-line-cam-
paigns. He said Blogs had tremendous potential as tools for online communication, online reputation management and for reaching diverse publics. “They provide a unique and personal way for banks to communicate with its current and prospective customers. By talking to people, in a conversational manner, a blog puts a human face on a bank, which is difficult to duplicate in any other way. “Blogs are 63 per cent more likely to influence patronage decisions than magazines because they offer bank customers the insight and the access”, Akinyemi added. He stressed further that in the era of digitalization and experi-
ence driven economy, financial institutions must forge strategic and profitable relationship with bloggers, and vice-versa, to create influencers and consumers of banking products that are deem as reliable brand advocates and trendsetters. Akinyemi therefore urged banks corporate communications department to begin to consider the imperative of having a blogger relations officer focusing exclusively on blogger outreach, relating with bloggers and dealing with blogging issues, tracking their impact on sales, among other things to decide which bloggers are invited to the banks events as well as who best to reach out to bloggers for product reviews and exposures.
optimism for the arrangement, explained that “Ireland ranks among the globally known destinations for the game of Golf”. This, according to him, is borne out of the fact that there are currently more than 400 remarkable and historical Golf Courses across the length and breadth of the country. Citing some unique and challenging Golf courses, which rank amongst the Top 10 Best Golf courses in the world, Marsh explained that golfers from Nigeria will benefit a lot from participating in any of the affordable tours available through FLV Nigeria. “When you play the famous Old Course at Lahinch or the challenging Trump International Golf Club Doonbeg or visit Dromoland Castle to play Dromoland - the fastest greens in Ireland…one thing you’ll be sure to do is to book for a return trip”, said Marsh.
he Lagos-based fully integrated business aviation company, EAN has said that the third Nigerian Business Aviation Conference, NBAC, 2016 would take place on 24-25th March, 2016 in the state. Given the success of the past two conferences, the Chief Executive Officer, CEO, EAN, Mr. Segun Demuren said the 2016 edition would also consist of a two-day meeting where delegates could debate and network with each other discussing the hot topics relating to the sector. The main objective of the conference, Demuren said was to continue raising awareness of the growing industry and to provide a forum for all stakeholders to ex-
change views. The last NBAC event brought together over 200 international and African delegates from across the broad spectrum of business aviation, and he anticipated that the 2016 conference would once again attract operators, financiers, lawyers, regulatory bodies and industry leaders. He added, “We were extremely pleased with the success of last year’s event and realised that a two day event, which reflects a more expansive programme thoroughly debating the increasingly complex nature of the business, is necessary. “Nigeria is one of the largest business aviation users in Africa, which is why the conference is important to all those that are operating or looking to operate in the region.”
China central bank issues guidelines on internet finance devt
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hina’s central bank on Saturday issued guidelines promoting the development of internet finance, saying it would support “qualified” financial institutions to set up platforms for online banking, insurance and securities businesses. It added it would encourage high-performing and qualified internet finance firms to list. A senior central bank researcher said last month that regulators should set up clear rules allowing banks to set up online finance subsidiaries to fend off rising competition from technology giants that have expanded into their territory.
“In recent years, China has seen rapid development in internet finance, but some problems and hidden risks have also cropped up,” an official with the People’s Bank of China, the central bank, said in a statement. Fund security, operating risks, an imperfect credit system and consumer protections were among the issues, said the official. The central bank called on the government to support internet firms in setting up platforms for expenditures and loans, crowdfunding, the sale of financial products and other financing platforms.
National Mirror www.nationalmirroronline.net
Tuesday, July 21, 2015
Jobs & Career
23
Labour urges FG to monitor disbursement of bailout funds to states T
he Association of Senior Civil Servants of Nigeria (ASCSN) has urged the Federal Government to monitor State Governments, Federal Ministries, Departments and Agencies in order to ensure that the N713.7 billion granted to them to pay outstanding salaries and allowances of public service employees was used for that purpose. In a statement issued in Lagos, ASCSN’s Secretary-General, Mr. Alade Lawal, said the advice became necessary because feelers from the states indicated that some state governors had concluded plans to divert the fund meant for settlement of arrears of salaries and allowances of workers for private purposes. Lawal said that this was why the association is requesting that the Presidency set up necessary machinery to monitor the disbursement of the fund by the state governments to ensure that it is used for the purposes for which it was distributed. “It will be a tragedy if this humongous sum of money is diverted to private pockets and not used to pay public servants their salaries and allowances some of which have been outstanding for more than nine months,” the union emphasised. The Association pointed out that that state governments should be encouraged to imbibe the culture of financial prudence and be discouraged
Buhari
NLC Deputy National President, Issa Aremu
It wIll be a tragedy If thIs humongous sum of money Is dIverted to prIvate pockets and not used to pay publIc servants theIr salarIes and allowances some of whIch have been outstandIng for more than nIne months from embarking on white elephant projects or indulging in financial recklessness and conspicuous consumption. “More importantly, it should also be
made clear to them not to develop the mentality of Oliver Twist or begin to see the Federal Government as Father Christmas that is ever ready to be doling out bailouts to them” the union
stressed. The release of N713.7 billionlifelines to states and some federal ministries, departments, and agencies to offset arrears of salaries and allowances of public service employees, the union explained, had demonstrated clearly that the high hope and expectation placed on President Muhammadu Buhari by more than 15 million voters who gave him a historic mandate was not misplaced. The union added that was the more reason why the presidency should not allow the state governments and MDAs to rubbish the good gesture of the president to Nigerian workers. ASCSN noted the Federal Government must use the Office of the Accountant-General of the Federation to supervise the bailout that would accrue to some federal MDAs to ensure that it was used to settle the salaries and allowances of federal workers. The Association explained further that arrears of allowances owed federal public service employees included but are not limited to promotion arrears outstanding since 2007, 1st 28 days in lieu of hotel accommodation, duty tour allowance (DTA), mandatory training allowance for the training organised by the Office of the Head of the Civil Service of the Federation (OHCSF) in 2010 , burial expenses and repatriation allowance, amongst others.
How to stand out in competency based interviews
C
ompetency based interviews
tions. Their purpose is to give the
Competencies relate to the job role
are now a crucial part of the
interviewer(s) a chance to assess a
and values of the company and can be
•R – Result – describe the result of the action).
interview process, and give
candidate’s suitability for a role and
found in a job description. Key compe-
Using the STAR technique will help
you the opportunity to differentiate
the candidate to demonstrate their
tencies for a job may include: decision
you stay focused on the question; dem-
yourself from the competition that
abilities and personality. One of the
making, leadership, problem solving,
onstrate your suitability and present
you are up against. In job market that
frequent ways organisations assess
conflict resolution, customer service
clear evidence to show you are ca-
is crowded with candidates all com-
candidates’ suitability is in the use of
skills, management, project manage-
pable of fulfilling the role. It is also
peting for the same role, having the
competency-based questions.
ment, budgetary control, commercial
important that you only use examples
platform to showcase skills and expe-
Faced with a pool of candidates who
awareness and team work. The key to
that end positively or with your learn-
rience in a literal sense could be the
on paper may all have similar or equal
answering related questions is to be
ing from the situation. For every in-
difference between securing a posi-
attributes for the job, a hiring manag-
specific in your response and avoid
terview, remember to also research
tion or not.
er will have to make a decision based
generalisations.
on and identify the mission statement
Our Career Tips aims to provide
on a meeting with the candidates. He/
One of the recommended ways to
and values of the company as you will
you with the tools you need to succeed
she may decide to use competency-
achieve this is using the STAR tech-
probably be questioned on these too.
in finding and securing roles to sup-
based questioning as a technique to
nique:
Interviewers always look for a fit for
port your future career development.
identify previous performances in key
•S – Situation – describe the back-
Competency based interviews are a
areas, analyse them and determine if
ground of a particular situation when
Finally, any interview should be a
critical part of the tool kit for success,
the candidate has the required expe-
you used the key competency in ques-
two-way process; it is also a good op-
and we believe getting it right at the
rience, behaviour and potential to
tion
portunity for you to ask relevant ques-
interview stage can make the differ-
fulfill the new role. The focus of the
ence to your chances of success.
interviews will be determined by the
Interviews are a crucial part of the recruitment process for all organisa-
competencies required to perform the job.
•T – Task – describe what your particular task was in relation to this •A – Action – describe the action you took
the company as well as the role.
tions that can help determine if the organisation and position are right for you.
24
Jobs & Career
Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
‘Regulating work in ‘gig economy’
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he ‘gig economy’ which includes ‘crowd-work’ and ‘work-on-demand via apps’, is often seen as the future of work. And though it makes headlines nearly daily, many important questions regarding labour protection have yet to be addressed. Crowd-work is work that is performed on on-line platforms by groups of individual workers, responding to on-line calls. It can include skilled jobs such as programming and translation to more routine jobs such as cleaning data, tagging photographs or compiling lists of books or movies that on-line customers may be interested in purchasing. The work is performed on-line by the ‘crowd’ who may live anywhere in the world so long as they are connected to the internet. With ‘work-on-demand apps’, workers perform duties such as providing transport, cleaning, home repairs, or running errands, but the workers learn about these jobs through mobile apps. The jobs are performed locally. Although there are important differences between the two types of work, they both facilitate a quick match between demand and supply, rendered possible by the internet and mobile technologies. The technology enables business and individuals to mobilize workers on a ‘pay-as-you-go’ basis, at the click of a button. It can also offer workers flexibility in their hours and place of work, and can be particularly attractive to workers who may be home-bound due to disability or other circumstances. While the ‘gig economy’ can offer new opportunities, it also poses some important risks for workers that have yet to be addressed. To begin with, we need to recognize
that we are not talking about ‘gigs’, ‘tasks’, ‘favours’, or ‘rides’— but work. And work is done by workers. Yet many of these workers have become invisible. When you stream a movie on-line, the site will recommend another movie you may like. This recommendation is based on information supplied by workers who have hand-tagged television shows and film for content, based on their knowledge. There is a worker behind the computer. But is this person benefiting from prevailing labour laws? And in the cases where labour laws are applied, it is not always clear what to do when the worker is in India but the on-line platform is based in California and the client is in Germany. If there are workers from different parts of the world, which minimum wage law prevails? And how can workers ensure income security amidst such competition? Also, how flexible is working time when compensation is so low that one has to work very long hours to make a living? Another challenge is eliminating the misclassification of employment status. Many on-line platforms are quick to dismiss any responsibility as employers, categorizing these workers as independent contractors. Some situations fall into a grey area and need to be addressed. But there are other cases of blatant misclassification, with important consequences for the worker today and in the future. The rise in the number of disputes and litigations on this issue indicates the need for responses. In addition, workers have little recourse if their work is rejected by the ‘client’, giving rise to cases of wage theft. Workers risk becoming ‘unlisted’ (or in practice dismissed) if their star ratings fall, adding
People queuing for jobs
W
hile it is generally believed that well paid jobs are scarce, employment experts believe there are jobs for the daring and bold mind.Aside the conventionally advertised jobs, employment opportunities exists for those who maximize the online job channels. Within the online job space this week, various vacancies have been advertised for inquisitive ones to seek out and apply. For instance, the jobber man job potal has the following vacancies waiting for the right candidate. One of such is the
pressure to be always connected, always available and always cheerful. There are also risks for the fundamental principles and rights at work. How can we ensure that work isn’t being performed by children? How can we ensure that compensation is not discriminatory? How can faceless workers spread across the world organize for better conditions? The ‘gig economy’ may be the future, but we have to begin by recognizing that it is indeed work and that the work should
Workers sharing idea in the office
FMC workers protest non-payment of arrears
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ealth workers, under the aegis of the Joint Health Sector Union (JOHESU), at the Federal Medical Centre (FMC), Ebute Meta,on Thursday protested against the non-payment of their promotion arrears since 2013 till date. The News Agency of Nigeria (NAN) reports that the health workers held the protest within the hospital premises. NAN also reports that the protest replaced the proposed congress scheduled for today where its leadership was expected to have briefed them on the outcome of its meeting with the hospital management. The workers had on June 23 embarked on an indefinite strike over many outstanding issues including the non-payment of their 2013/2014 promotion arrears. They displaced placards with various inscriptions including: “Enough of Intimidation
Job vacancies
position for Senior Lawyer and Litigation Officers. According to the site, a top maritime firm requires the services of a highly skilled professional to join its esteemed organization which responsibilities include to confidently manage a complex and varied file load related to high end commercial litigation matters and maintain corporate presentation and professional presentation at all times. This position requires some years post call active litigation experience; commercial practice experience would be an added advantage. The job is waiting for a male candidate to clinch.
be decent. Labour protection is not incompatible with technological innovation – it just needs to be adapted. The questions were addressed during two dedicated sessions at the Fourth Conference of the Regulating for Decent Work Network, held recently by ILO Janine Berg, Senior Economist at the International Labour Organisation, ILO and Valerio De Stefano, ILO Technical Officer on Non-Standard Forms of Employment
From the same jobber man is a fast growing financial consulting company with the strategic growth objective has vacancy for the position of Business Development Officer to drive its business development. Summary of responsibility requires that the required candidate would be responsible to the chief executive for the day to day pursuit of development plans of the organization. The successful candidate would be required to advice management on long-term organizational strategic goals; improve on the compa-
“, “Is It A Sin To Be Lecturers”, Yewande Jinadu, MD must go”, “ Pay us our call duty allowance”, “Why are we not on IPPIS” “Buhari save our souls at FMC, Ebute-Meta”, “High Tariff in government hospital ?” Shehu Sulaiman, the Chairman, JOHESU Ebute Meta chapter, said that the management had refused to give the workers a listening ear. “We went to the Budget Office in Abuja and we could not trace FMC ,Ebute-Meta staff members on the list of outstanding arrears. “We had several meetings with our management but they were not successful, we are sure that our management had collected the money. “Today, our intention was to hold a congress to decide the fate of the strike but our management organised some people among us to disrupt the congress. “They should have allowed a transparent congress but our management is playing a catand-dog relationship with us, we will not
ny’s market share to achieve financial growth; build customer relationships; identify business opportunities; negotiate and closes businesses on behalf of the company and to conduct client and market research. The jod however reaquires that the right candidate should be a graduate in marketing, cccounting or finance with at least three years working experience in marketing and business development in the services sector. He is also required to be familiar with Microsoft Office (PowerPoint, Excel, Word) and Social Media.
Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
25
Real Estate & Environment
Another building collapse: Experts task SON on implementation of building codes Disturbed by the incessant building collapse in the country, some experts in the real estate sector have urged the Standards Organisation of Nigeria, SON, to strictly enforce the new cement and block codes. SYLVA EMEKA-OKEREKE reports
Property seizure: Unilorin seeks FG’s intervention 27
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ike a festering crisis, the incessant collapse of buildings in the country has become a serious challenge to construction engineers, sandcrete and allied product manufacturers as well as Standards Organisation of Nigeria, SON. As Nigerians are still groaning under past building collapse, another one occurred last week in Lagos, where five people, including a 13-year old girl died, after a two-storey building crumbled. The teenager, a bread hawker was said to have stopped at the building for shel-
ter from the rain, when the incident occurred. LASEMA boss, Femi Oke-Osanyintolu said, the building located in Surulere area of the state collapsed due to heavy downpour, accusing the developer of using substandard building materials. National Mirror gathered that the collapse came barely 10 days, after another three-storey building collapsed in Ebute Metta area of the state, killing at least seven people. Osanyintolu said investigation into the cause of the collapse was still ongo-
NAGGW kicks-off tree planting programme in FCT 28
ing, just as some observers have raised the alarm over use of substandard cements and blocks by some dubious contractors. According to a building expert, Mr Ayo Odusile, some dubious contractors prefer to use some cements with lesser grades as well as poorly-mode blocks to cut corners. He recalled that last year new cement and block codes were issued by the SON to be complied by sandcrete and allied product manufacturers. CONTINUED ON PAGE 26
Colour schemes for your Living room 29
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Real Estate & Environment
CONTINUED FROM 25 This code, he said, is expected to differentiate cement grades in addition to ensuring that all fabricated blocks carry stamps as well as trademarks of the producers. He said, the new codes came on the heels of incessant building collapse in the country last year, which claimed may lives and damaged several properties, worth several billions of naira. Director General, SON, Dr Joseph Odumodu, who unveiled the new code, also gave October 1, 2014 as deadline for the allied product manufacturers to comply or face the wrath of the law. Odumodu had warned that at the expiration of the ultimatum, the organization would not have any other option, but to raid the nation’s markets to enforce compliance. Investigation by National Mirror confirmed that several months, after the deadline, many of them are yet to comply with the new code. A stakeholder, Mr Ben Ojeze, said the intention of the SON was to strictly enforce the new standards to stem the tide of building collapse in the country, regretting that despite the efforts of the agency, many manufacturers of those building materials are yet to comply, leading to the growing collapse. According to him, SON should ensure mass sensitisation of stakeholders nationwide on the new codes as well as new labelling requirements of cement products. It would be recalled that the new cement packaging and labelling are in line with approved NIS, aimed at safeguarding lives through compliance to standards. The new cement standards, according to the agency, are expected to carry batch number, colour grades, expiry date as well as trademark for easy identification. For instance, the 32.2mpa grade of cement, which is yellow in colour, is mainly for plastering; the 42.5mpa in green colour is for block making while 52.5mpa in red bag is used for bridges and special projects. Experts have attributed the spate of building collapse across the country to use of 32.5mpa cement grade for blockmoulding and building constructions, instead of using 42.5mpa grade meant for that purpose and 32.5mpa restricted only to plastering. Experts have noted by now, local cement manufacturers are expected to comply with the new standards, regretting that producers are yet to comply with the directives. A visit to some selling bays in some parts of Lagos and Ogun states shows that cement dealers are selling the new cement grades along with old bagged stocks. Industry watchers as well as real estate developers commended SON for implementing the standards while urging those still selling old stock of cement to comply to save the nation from the situation. Though, some of them alleged that the cement and block codes were parts of a calculated ploy to create unhealthy atmosphere, detrimental to the survival of some cement manufacturers in the
Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
Another building collapse: Experts task SON on implementation of building codes
Buhari
Odumodu
SON WAS ILL-INFORMED IN TAKING SUCH DECISION, THE OVERALL INTEREST OF NIGERIANS DID NOT APPEAR TO BE SON’S PRIORITY IN FORMULATING THE NEW POLICY AS THE INDUSTRIAL REGULATOR DID NOT FACTOR THE NEGATIVE IMPACT OF THE POLICY ON NIGERIANS
country. However, others said such government regulations would not only checkmate the spate of building collapse, but also sanitise the sector. An estate developer, Mr Daniel Metu said, “”Such policy is a serious threat to private sector, which government is claiming to support in order to diversify the nation’s economy while creating employment opportunities for many Nigerians”. In his own submission, a cement dealer, Mr Gilbert Chikwe said they still retain the old grades as many customers are still requesting for them. Apart from the new cement codes, block producers are yet to comply with the stamping of fabricated blocks as investigation shows that many block producers in some parts of Ikeja, Berger, Oshodi and Isolo areas of Lagos state are yet to stamp trademarks on their blocks. Some of them interviewed by National Mirror are yet to get new moulds that would carry new inscriptions, appealing that they should be given more time to comply with the new trademark. National Mirror further gathered that legal action had hindered the SON from implementing the new standards. A source from the SON confirmed that legal action is one of the problems hindering enforcement of the new codes, saying subsisting court judgement, restricting the agency from implementing the labelling of cements products. It would be recalled that Lafarge Cement WAPCO, Ashaka Cement and Unicem had dragged SON to court over its
decision to implement a new Mandatory Industrial Standard Order for cement manufacturing, distribution and effective usage in Nigeria. Some analysts said, the new code is in the interest of Nigerians as the country can no longer contain the incessant building collapse. On stamping of fabricated blocks, a source from SON, who pleaded for anonymity, referred National Mirror to the legal department of the agency for the update, saying there was no legal issue trailing stamping of blocks. Nigerian Industrial Standard for cement is aimed among other issues to correct labelling and guide user’s application in furtherance of continual improvement as required in standardization. Stakeholders in the sector had noted with dismay that Nigeria has been noted for substandard in building constructions and collapses, which is not a good commentary to the nation. However, some industry operators thought otherwise describing the move as wrong-headed, designed to serve the interests of a section of the industry. President, Alliance against Monopoly, AAM, an interest group, Mazi Omife Omife had noted that such move would not ensure a level-playing field for cement manufacturers in the country. “We therefore state categorically that the Standards Organization of Nigeria, SON, ultimatum to cement manufacturers on product labelling and traceability requirement is wrong-headed and designed to serve only the narrow interest
Former minister of Housing, land and Urban development, Akon Eyakenyi
of a cabal, determined to foist monopoly in the nation’s cement industry”, he stated. Operators believe that, if such monopoly is not checked, it would be detrimental to the buying public and would ultimately stunt the growth of vibrant cement market. “SON was ill-informed in taking such decision, the overall interest of Nigerians did not appear to be SON’s priority in formulating the new policy as the industrial regulator did not factor the negative impact of the policy on Nigerians’’, he added. An Ogun state-based estate developer, Tunde Oloye noted that majority of buildings in the country, including highrise ones in the urban and rural areas, were built with 32.5mpa cement grade, yet they are still solid till date. He said what the federal government needs to do is to ensure that town planning and building control agents certify builders in every state, so that when somebody wants to build and brings the plan for approval, the approval must go with materials sources because when you can have the right materials, but wrong builder, such structure may collapse. Also, structural engineers need to be trained and retrained to be able to withstand the taste of time. In this regard, government as well as private sector operators should invest in human capital development in the sector, noted for expertise. Recently, the Nigeria Institution of Structural Engineers decried the level of unqualified engineers in the sector. Nigerian Institution of Structural Engineers, NSE, said the construction sector has become an all-comer affair as regulations were lax with little or no enforcement of approved standards, noting that building will continue to come down until steps are to stem the tide. According to the institution, the situation has been laid on the corridors of the artisans, block makers, masons and other craftsmen in the building industry.
National Mirror www.nationalmirroronline.net
Real Estate & Environment
Tuesday, July 21, 2015
AFC to access $9.3bn Green Climate Fund
MORTGAGE NOTES with Adenike Fasanya-Osilaja
OLUFEMI ADEOSUN ABUJA A
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Email: Nike@MVPSolutionsinc.com Fasanya-Osilaja https://www.linkedin.com/profile/view?id=35277333
Why I support the NMRC
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y the time this column piece goes to print, the Nigerian national elections must have taken place. We have spent the last few months in a frenzy of preparation for this event, and it is a relief that it is finally happening. I offer my congratulations to the winners of the election, and offer my thanks to those who did not win the elections, for at least stepping forward to offer themselves in the service of their nation. It takes a special person to take on the rigors and stresses on running an election race, and we are a better nation because of you all. I spent the last three or so weeks writing a (long) letter to the NMRC and offering an in-depth review of the NMRC underwriting standards, as published on their website. I was honestly rather surprised at some of the comments I received on that piece. They ranged all the way from “Great piece, so on point” to “Why would you support another government agency when they are all crooks?” I have therefore decided to respond to some of these questions in today’s piece. I support the NMRC one hundred percent because I have reviewed their mandate and truly feel that, with the right guidance and hopefully lack of external influences, the NMRC may actually be the catalyst to revolutionize the Nigerian mortgage industry. The very premise upon which it is founded is the same premise that similar international organizations have been established, that have worked extremely well to standardize and enhance mortgage lending, and therefore home ownership in their nations. Put very simply, shelter is, and rightly so, a fundamental human right. Until a person is settled in their own space, they are not really in charge of their destiny. There is a peace that comes with knowing you are in your own home that is absolutely priceless. I have seen homeownership
change so many client’s lives, that I have no choice but to fight passionately for every opportunity that increases its accessibility, especially to first time home buyers. The advent of NMRC should be seen as a hugely positive event because we have seen what happens in Nigeria when there is almost zero regulation. The previous mortgage experiment in Nigeria failed due to several reasons, but the major one was definitely a lack of cohesion. This was a period in which loans were being made with predatory lending rates, excessive fees and unrealistic terms. It was so clearly ill conceived that its failure came as no surprise. I was one of the major sceptics when I heard about the NMRC until I really started to review the IDB facility paperwork. There are several new programmes and incentives required as part of the terms of the facility, that I am optimistic of a much more desirable future for the mortgage sector so long as the programmes are properly implemented. The NMRC emerges as the umbrella agency for the development and implementation of the said IDB programmes and incentives. What I consider to be its greatest strength is the fact that the agency is not the typical government agency or department. This gives it the capacity to act with the speed, agility and versatility required in today’s financial markets. Also, there is a legitimacy the NMRC brings to the industry that can only boost the profile of the Nigerian mortgage sector and provide access to funding on much better terms than we saw in the past. I also support the need for a regulatory system to weed out the bad apples and ensure that the industry produces seasoned and specialized professionals that enhance its international
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profile. With a robust educational curriculum, especially if a licensing requirement is added, we will at least be certain of employing loan officers, who are able to process transactions properly. In my opinion, all ancillary industries should also require education and licenses, especially the appraisal industry. The caveat I offer though, is that such education should be actual hands on workshops where the participants get proper education and solve real fact pattern issues, not where they just sit in conferences and listen to “abstract ramblings” as I call them. Finally, the ability of NMRC to buy closed loans as a secondary purchaser of MBS tranches is arguably its most important strength. This provides consistent liquidity and protects the market from scarcity of supply, which is the number one factor for high rates and predatory loan terms to meet demand. It also ensures that loan retail suppliers originate loans in accordance with formal underwriting standards designed to ensure sanity in the market. So, yes I do support the NMRC. xxxxx Why would I not? Whichever way you dice it, the NMRC presents a start towards the re-emergence of a stronger, saner and hopefully more productive mortgage industry, and that is well worth my strong and unfettered support. If the NMRC is well set up and properly managed, it will bring us into a time of ease and cohesion in the mortgage process, and ultimately another area in which Nigeria once again asserts itself as the continental leader it is known and expected to be. As always, I welcome all questions and comments, and encourage you to make it a great day.
ABOUT THE WRITER Fasanya-Osilaja a lawyer and mortgage expert has owned and operated Marvel Ventures Mortgage, Inc. (www.marvelmortgage.com), a Chicagobased Mortgage Brokerage Company since 2000 and has worked in the US Mortgage industry since 1996. She also consults and facilitates industryrequired activities, from set up of mortgage organisations to documentation, training and compliance.
frica Finance Corporation, AFC, has sealed a deal with Green Climate Fund, GCF, to access $9.3bn projF ect e fund. AFC was invited by the GCF to consider becoming an accredited c institution and following submisi sion of its application in early s 2015, AFC has this month attained 2 full f accreditation. The accreditation by the GCF enables AFC to access GCF’s come mitted capital of $9.3 billion; a m pool of funds for climate change p projects to be utilized by members p for on-lending, grants, lines of f credit, guarantees and other fiduc ciary functions. c The GCF with its headquarters in i Songdo Republic of Korea is a fund operating within the United f Nations Framework Convention N on o Climate Change, UNFCCC,. GCF’s objective is to promote the paradigm shift towards lowt emission and climate-resilient dee velopment pathways by providing v
support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change, taking into account the needs of those developing countries particularly vulnerable to the adverse effects of climate change. Over time, the GCF is expected to become the main multilateral financing mechanism to support climate action in developing countries. With a total of 20 accredited entities, the fund is governed by a Board of 24 members and is initially supported by an Interim Secretariat. President and Chief Executive Officer, AFC Andrew Alli, who commented on the deal said, “This is very positive news as it reinforces AFC’s status as a multilateral financial institution. Through partnering with the Green Climate Fund, AFC will have access to valuable resources to support investments across a variety of green projects, making a significant contribution to the global efforts to combat climate change”.
Property seizure: Unilorin seeks FG’s intervention
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niversity of Ilorin has appealed to the Federal Government to assist the institution to retrieve its mini campus, forcefully and illegally ceased by the Kwara Government. The appeal is contained in a letter dated June 26, signed by the university’s Vice Chancellor, Prof. Abdulganiyu Ambali, and addressed to the Permanent Secretary of the Federal Ministry of Education. A copy of the letter was made available to the News Agency of Nigeria (NAN) in Abuja on Sunday. It alleged that on June 25, ``armed personnel’’ of the state government `invaded the mini campus,’’ the university’s Institute of Education, which is designated for its Sandwich programmes. It said that the armed men broke and demolished property in the facility, as well as harassed its occupants. ``Following the development, the governor of Kwara state, Alhaji Abdulfatah Ahmed, was contacted on the telephone and the incident duly reported to him,’’ the letter said. It said the governor apologised for the action and assured that the premises would be vacated within one month with effect from June 25. `However, on-the-spot assess-
ment of the premises belies the governor’s assurance. ``The entire Institute of Education, including classrooms and offices accommodation for staff has been full taken over by the state government, thereby paralysing all the activities of the institute. ``Indeed, we found truck loads of sand, blocks, furniture, paper and records deposited in the premises which suggest restructuring of the place for permanent occupation,’’ the letter alleged. It will be recalled that the old Kwara Government, in 1975, donated the facility as a temporary site to meet part of the condition to site the institution in Ilorin. There was, however, no agreement that the university would relinquish the property to the state government. Speaking with NAN on the issue, the Chief Press Secretary to the governor, Alhaji Abdulwahab Oba said that the building was not being forcibly taken over. He said that parts of the building would be used to temporarily accommodate the State’s Board of Internal Revenue pending the completion of its permanent building on Ahmadu Bello way, Ilorin. Oba told NAN that since the university moved to its permanent site, most of the buildings at the mini campus were not being put to use.
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Real Estate & Environment
Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
Colour s your Livi
A color scheme can set the tone for y with these color combinations and liv
FRIENDLY COUNTRYSIDE Citron Green + Wheat Beige + Driftwood
Brown
Almost any time green leans more yellow than blue, it has more zin g. The pastel citron green on this living room’s walls and fabrics is countered by rustic bro wns, a light hue on the sofa, and the textural browns of the coffee table and rug to give the space a comfortable yet peppy vibe. Sleeker fur niture and doses of gray would have taken the citron from casual to chic.
Source: www.bhg.com
NAGGW kicks-off tree planting programme in FCT OLUFEMI ADEOSUN ABUJA
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s part of its sustained programme to address the challenges of desertification, the National Agency for the Great Green Wall, NAGGW, has kicked-off tree planting programme in some secondary schools in the Federal Capital Territory, Abuja. The programme, which commenced last week in the Federal Government Girls College, Bwari, followed the decision of Heads of State and Government of the Pan African Agency for the GGW (PAGGW) held at N’djamena, Republic of Chad. According to the Director General, NAGGW, Mr. Ahmed Goni, member states are required to set aside 2 hectares of land within a school premises in honour of war ravaged people of Mali. He said secondary schools were selected for the programme because it boasts vibrant and energetic youths capable of tending to the environment. According to him, the “catch
them young strategy” of creating awareness among school children on the need to plant trees to combat the problem of land degradation and climate change, is also one of the focus of the programme. Apart from this programme, Goni added that the agency had established Great Green Wall Clubs in selected schools within the frontline states. Under the programme, he said students would be trained on how to raise seedlings, plant and nurture them to maturity. These activities, he added, would be replicated in Bwari secondary schools for the establish-ment of 2 hectares orchard, estab-lishment of nursery as well as the e GGW club. Speaking on the effects of de-sertification, he said, “Deserti-fication is a major constraint to o economic and achievement of the e Millennium Development Goals. The World Bank estimated thatt over N10.5 billion is lost annually y through deforestation, desertifica-tion and drought.” He said,” If we can collectively y
take action against deforestation and other environmental related issues, we will not only improve land productivity, but would provide the bedrock for agricultural growth and create employment (both on and off-farm) while leading to a positive cycle of economic growth.” Also speaking, a Council member of NAGGW, Mr. Huzi Mshelia, underscored the significance of inculcating the culture of tree planting in young people. He said, “We cannot achieve environmental sustainability without putting the youths at the centre of our effort. Youths have
both special concerns and special responsibilities in relation to the environment. “A number of environmental risks and hazards disproportionately affect young people, who have to live for an extended period with the deteriorating environment bequeathed to them by earlier generations. As youths are distinctly enthusiastic and energetic, they can put a lot of contribution for environmental conservation. “Youths are the sparks of change and if they are willing, they can make decision and act to leave positive effects in the environment.”
Completed Mokola flyover in Oyo state
Wike evicts Iriebe estate squatters SYLVA EMEKA-OKEREKE
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overnor Nyesom Wike of Rivers state has evicted illegal occupants of the state housing estate at Iriebe. Wike, who directed the Housing Commissioner, Mr Emma Okah to immediately eject illegal occu-
pants of the estate, after inspecting it, said government would construct additional 50 low cost flats in the area. ‘’Ministry officials should recover the property of the state government’’, he stated while regretting that squatters have taken over flats built by previous administration without following due
process. ‘’The commissioner for Housing is hereby directed to immediately take possession of the housing estate and evict the squatters. It is surprising that all these residents are staying here illegally”, he stated. On the on–going construction of 50 additional flats, the governor
e l q
s b r i p a
National Mirror www.nationalmirroronline.net
Real Estate & Environment
Tuesday, July 21, 2015
schemes for ing room
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your living room. Find a fresh look for your space ving room paint ideas.
METALLIC NEUTRALS Nickel Gray + Gold Yellow
COTTAGE CHIC Ocean Blue + Cottage
Use neutrals inspired by metallics to create a chic look that’s not overpowering. In this living room, nickel gray walls envelop the space, and golden yellow patterns the window treatments. Bringing the colors of your walls and window treatments into the rest of the space is a smart step in good decor. Here, the gray pops up on the upholstery, and the golden color appears in variations on the rug and the side table between the chairs.
White + Lacq Use color fo uer Black r purposes other than living room visual inte , ocean blu rest. In this e paint alon up the room g th e top of the ’s architectu wall plays re, such as work, and the beamed fireplace w ceiling, trim all. Accesso room carry ries through the color. W out the livin hile the wh intended fo g it e ca rries the co r the space, ttage vibe the unexpec accents on ted comes by a singular way of blac throw pillo Adding a h k w and two int of somet framed pri hing a little nts. its own per d if fe sonal look. rent will gi ve a space
expressed satisfaction with the level of work done, insisting that quality work must be done. He directed that the Ministry should provide all the needed basic amenities required by the residents of the estate, including school, health centre, police post, potable water and electricity among others.
Experts harp on tackling housing deficit problem SYLVA EMEKA-OKEREKE
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xperts have said that with about 70 percent out of the nation’s population being at the mercy of shylock landlords, the federal and state governments are expected to move quickly to stem the tide of the housing crisis. According to statistics, Nigeria requires over N50 trillion to reverse the nation’s housing deficit of 17 million. A Real Estate Expert, Mr Sunny Nnaji said, past and present administrations have not confronted the
Conducting the governor round the Estate, the Rivers State Housing Commissioner, Emma Okah said the 50 flats will be completed in one month. He informed the governor that the occupants of the structures completed by previous administrations were illegal squatters who took possession of the estate
without paying rent. Also on Saturday Governor Wike inspected the portion of the East West road where the State Government and other stakeholders are intervening. He also inspected different road projects under construction in Port Harcourt City.
housing problems with masculine gusto, as no country leaves its housing sector at the mercy of market forces. Already, over 80 percent of Nigerian adults are said to be living in rented apartments, compared to 19 percent in South Africa and 22 percent in Ghana. World Bank had warned that the rising population of the country might reach 289 million by the year 2050, thereby increasing rural and urban drift as well as rising building costs, exerting pressure on shelter. According to a report, the housing deficit rose from 7 million in 1991 to 12-15 million in 2008 and 17-18 million in 2012. Nnaji said, unless the federal government promise to build one million new housing units yearly, the situation will get worse. According to him, ‘’Since the second phase of the national policy on housing was announced in 1972, under which about 5 million housing units were to be delivered by the three tiers of government, less than 200,000 have
actually been delivered till date. Federal Housing Authority, FHA, has delivered only 35,309 housing units nationwide since it was established in 1973. \ In Lagos metropolitan area, for instance, the number of housing units rose from 393,000 in late 1970s to 700,000 by 1992 and 1.25 million units in 2012. For a population estimated at over 160 million, the housing shortage of about 17 million new units is needed immediately, according to some experts. The situation is the same across the country and is also evident in the Federal Capital Territory, where corruption-driven deviation from the city’s master plan by successive administrations, has created a network of slums in the area and in parts of neighbouring states. \ ‘’Our governments should immediately commence corrective measures to remove Nigeria from its ranking by the United Nations Population Commission as having one of the highest slum proliferation rates in Africa’’,he said.
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Real Estate & Environment
Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
US property sales dip due to stronger dollar F
ewer overseas buyers are purchasing property in the United States with currency exchange playing its part in the drop off, a new analysis report suggests. In general home sales during the first four months of 2015 have been the best in eight years with year on year growth of 9 percent helped by a drop in fixed mortgage rates of almost 0.5 percent. But the National Association of Realtors reports that the number of international buyers dropped to 2 percent during the first four months of 2015 from 2.5% a year earlier, a 19% decline.
About three fourths of real estate agents who work with international clients report that changes in foreign exchange rates have a moderate to very significant effect on foreign buying. Indeed, the US dollar has strengthened against currencies used by many foreigners who buy homes in the country. For example, from the beginning of 2014 o April 2015, the US dollar appreciated 10% relative to the UK pound, 13% relative to the Canadian dollar and 26% relative to the euro. Notable exceptions to these large swings in foreign exchange
values were the Chinese yuan and Hong Kong dollar, which have closely tracked the value of the US dollar. A new analysis report from real estate firm Core Logic points out that a stronger US dollar makes property more expensive for foreign buyers whose currencies have weakened. Consequently, purchases by foreign buyers have dropped, especially for those whose currency was most affected by the foreign exchange swing. ‘In addition to the shock caused by the stronger US dollar, the markets where foreigners
tend to buy have had strong home price appreciation in the last few years. For example, many Canadians, Europeans and South Americans prefer to buy along the Southeast coast of the US for the beaches, cultural amenities, warm winter temperatures and accessibility,’ the report says. Canadians made roughly two thirds of their US home purchases during the first four months of both 2014 and 2015 in Florida. Of these purchases in 2015, nearly a half was located in the Miami-Fort Lauderdale-Palm Beach area where home prices rose about 8% from April 2014
to April 2015. ‘Couple that with the effect of a stronger US currency, and the average Canadian considering a home purchase in south Florida saw a jump in purchase cost of 20% to 25% in the past year,’ it explains. The report suggests that foreign buying could continue to decline, level off or increase in 2016 depending on the value of the US dollar relative to most foreign currencies, but the uncertainties surrounding how the Euro zone will resolve the debt crisis in Greece has made it more difficult to project foreign currency movements.
Property prices up by 9.6 percent in Canada
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US property
Demand could push up prices in Spain –Report
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nquiries from international buyers for property in Spain have reached record breaking levels at a time when prices are still falling but demand could push up values in popular areas. Spanish property portal Kyero, which lists more than 200,000 homes from 3,000 estate agents, said it has had its busiest ever quarter and properties prices from €50,000 to €100,000 are proving most popular. The firm’s latest quarterly report shows that 28 percent of all enquiries were for properties at €100,000 or less and they are also proving popular with domestic buyers. The report also suggests that prices could start rising because of the demand. Valuations Company Tinsa has released data which shows that a total of 35 popular locations have seen price raises between the first quarter of 2014 and the same period in 2015. The previous year saw just four of those areas register price increases. The upward movement indicates that those seeking properties in the €50,000 to €100,000 range might soon have to up their budget in order to get what they
are looking for. The Kyero research confirms that Spain’s coastal areas are some of its most popular with second home buyers looking for a holiday home with easy access to beaches. Alicante, home of the Costa Blanca, is the most popular province, according to the Kyero report with 31 percent of all enquiries focusing on that region. Malaga was the second most popular area, accounting for 15% of total enquiries. ‘Spain’s beaches offer some fantastic, family friendly holidays and many of those buying here want to own a property within a short walk or drive of at least one beach. Apartments are by far
the most popular choice, accounting for 39 percent of all enquiries during the last quarter, 10 percent ahead of villa enquiries,’ said Kyero founder Martin Dell. ‘Many families like the idea of owning an apartment that comes with a shared swimming pool that the condominium company maintains. It’s less hassle and expense than owning a villa with its own pool,’ he added. The Kyero report also reveals that it is three bedroom properties that command the most interest, with 32 percent of all enquirers looking for properties of that size. Two bedroom properties came a close second, with 30 percent of total enquiries.
verage residential property prices in Canada were 9.6% higher year on year in June while sales activity is up 11% compared to a year ago, the latest index data shows. On a monthly basis national homes sales edged back, however, down 0.8 percent from May to June, according to the index from the Canadian Real Estate Association (CREA). But sales levels in May and June marked the strongest monthly readings in more than five years and June sales were up from the previous month in about half of all local markets, led by increases in Hamilton-Burlington and in the Durham Region of the Greater Toronto Area. And average prices are being pulled up by growth in Greater Vancouver and Greater Toronto. Without these two locations then year on year growth is just 3.1%. Also, the monthly increase in sales there was offset by monthly sales declines in Ottawa and Montreal. The actual, not seasonally adjusted, national average price for homes sold in June 2015 was $453,560 but excluding Greater Vancouver and Greater Toronto it was a more modest $346,904. Low interest rates are helping boost consumer confidence and
home sales activity this summer, according to CREA president Pauline Aunger. But she added that low interest rates are benefiting sales in some areas more than others. All real estate is local, with trends affected by a combination of local and national factors. Gregory Klump, CREA’s chief economist, explained that records sales prices in Greater Toronto would be even higher were it not for an ongoing shortage of listings for single family homes in the area. ‘The combination of strong demand and a shortage of listings are continuing to fuel single family home price increases,’ he added. The number of newly listed homes for sale was little changed, down a marginal 0.2 percent in June compared to May, marking the third consecutive month in which they remained stable. There was roughly an even split between the number of local markets showing an increase in new listings and those showing a decline. The national sales to new listings ratio was 57.2 percent in June. Although little changed from its reading the previous month, it is up from the low of 50.4 percent in January when it reached its most balanced point since March 2013.
Property prices in Singapore nose dive
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ingapore’s private residential property prices experienced steady declines in September, according the latest quarterly data from the Urban Redevelopment Authority. Both private and public home prices continued to slip in the third quarter of the year. Private home prices fell 0.6% and are now down 3.8% on an annual basis. This is the fourth straight decline,
albeit a slight deceleration, after a fall 1.0% in the second quarter. But private home prices are still 56% above the last trough in 2009. Public housing continued to fall for the fifth straight quarter by 1.6 percent compared with 1.4% in the second quarter of the year and have now fallen 6.8 percent from the peak of the market. In August sales fell 15 percent month on month and 43 per-
cent year on year. It is the lowest monthly figure since December 2013. But the outlook is pessimistic, according to a report from Barclays which says that prices are expected to plunge by 20 percent in 2015, with vacancy rates expected to hit a record high 10 percent in 2016. According to Barclay’s, the drop is in view of market expecta-
tions of rising interest rates, and will coincide with peak supply as unsold inventory rises across both high and low end property sectors. ‘We expect both volumes and prices to slide given the ongoing government curbs, looming oversupply, and rising interest/mortgage rates in the second half of 2015. We maintain our negative stance on the Singapore residential sector,’ the report says.
Aviation
Tuesday, July 14, 2015
National Mirror www.nationalmirroronline.net
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Open Sky Policy: U.S airlines’ decry Gulf carriers’ dominance The United States, U.S, Government promoted the Open Sky Policy for its carriers to possible gain unrestrained access to countries it has air service agreements with. However, it appears the policy is not totally giving its airlines competitive edge as Middle East carriers are taking larger share of the markets. OLUSEGUN KOIKI writes.
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he United States carriers have unarguably been the leader in the sub-sector for several years. Thanks to the support and consistent policies from its government. The carriers have several things going for them while several agreements were signed with other countries in a bid to give their airlines the leverage to continue to dominate the global aviation sector. In fact, the U.S. carriers have always been comfortable with the policies and its collaboration with smaller and less developed aviation countries. But, it seems all that is being rubbished at the moment with the birth of gulf carriers that are equally receiving same attention from their home governments and this situation is gradually taking the U.S carriers from their comfort zones and is seeking changes from their collaboration with the gulf carriers and governments. The three big U.S. carriers; American Airlines, Delta Air Lines and United Airlines are no longer comfortable with the trio of Qatar Airways, Etihad Airways and Emirates Airlines as they now seek for a change of gear from their relationships. The U.S carriers are now calling for the abrogation of the Open Skies Policy and agitate for ‘Fairer Skies agreements with the Gulf airlines. The cold war between the two separate airlines started about two years ago, but reached its peak when the three U.S airlines openly canvassed its government to restrict the expansion of the three Gulf carriers in its country, arguing that the airlines are receiving massive grants from their home countries. The Chief Executive Officer, CEO, of American Airlines, Doug Parker recently alleged that three state-owned airlines in the Middle East have unfairly received billions of dollars in government subsidies and called on the United States Government to review aviation trade agreements with the airlines. Parker specifically accused Emirates Airlines of benefitting from the $2.3 billion in subsidised airport infrastructure since 2004,
Emirates aircraft
Delta 747-400 aircraft
By the time the competition Becomes more intense, AmericA could just simply step in And implement to the full their open sky Agreement with adding that the Gulf carriers took passengers and revenues from U.S. carriers, and force U.S. airlines to reduce, terminate or forego services on international routes. He also said that Emirates benefitted from $2.7 billion in subsidies from the government’s assumption of fuel hedging losses while government also provided Emirates $1.6 billion in letters of credit. But, all these allegations were debunked by the leading Middle East carrier. The President, Emirates Airlines, Sir Tim Clark, defending the allegations explained that despite what some carriers may think air passengers were not proprietary to airlines. He insisted that what Emirates was doing was competing in the marketplace with great products and competitive offers, which appealed to the consumers who choose to fly with it.
nigeriA
On the allegation of infrastructure investment, Clark, explained that the Government of Dubai had made these investments, like other progressive emerging market economies with long term benefits in mind. He added, “Comparably lower airport charges or charge exemptions for transfer passengers are neither a subsidy nor discriminatory as all airlines that use the infrastructure at Dubai International, DXB, benefit. Emirates pays the full published rates at DXB, which are highly competitive, commercially based, and in fact higher than a number of other comparable major airports such as Kuala Lumpur, KUL.” On the allegation of fuel hedging losses, Clark maintained that all cash losses incurred by Emirates as a result of its fuel trades in place in 2008/09 were settled in full from the airline’s own cash reserves and not paid for by the government of Dubai. But, there are fears in the local front that the squeezing of American carriers from Middle East and Europe may eventually be at a disadvantage to the Nigerian domestic airlines, no thanks to the same open sky agreement the country as with the U.S government. Stakeholders and professionals are worried that with the open sky agreement with the U.S, the airlines may eventually turned Nigeria and some other less financially strong countries into their local markets, which may benefit the air travellers, but spell doom for the country and local operators whose passengers would be taken over especially when the country didn’t have a national carrier to promote its course. Speaking in an interview with our correspondent, the CEO, Finum Aviation Services,
Engr. Sheri Kyari insisted that by the time the fierce competition grew between the American and Gulf carriers, the U.S airlines may want to look inward into countries they know they had an edge in terms of competition and travel capacities. He explained that the only way Nigeria could be free from such unfavourable competition was to immediately commence untying the agreements it had with the US, which he said might even take about eight years to be concluded as spelt out in the agreement. Also, he called for the re-establishment of a national carrier for the country for it to improved air travels and withstand competition, but noted that such should not be funded by the government. He suggested that every potential investor should be allowed to invest and grow the airline for the benefit of the country. He said, “By the time the competition becomes more intense, America could just simply step in and implement to the full their open sky agreement with Nigeria. That’s to say America can come into this country and establish an airline here and do cabotage operations in the country and that would basically close down domestic operations by Nigerian carriers and then, an average traveller may gain, but aviation development may not gain anything from it. “If I’m to advice government, I think we would have to start quickly to untie ourselves from the open sky agreement with the US and ensure that our domestic market grows. Secondly, we must have a national carrier that we must put everything into it. The national carrier we are talking about is not the one that the government would come in and pump in money, we are talking about a carrier that Nigerians would be so eager and interested in and invest in so that we can make it a mega carrier too and we would be able to start and reach out to a lot of places that Nigerians fly to.” Also speaking recently, a consultant, Knights and Wrights, Mr. Tayo Orisadare condemned the open sky policy just as he insisted that the continent’s carriers had bright future. He emphasised that the Open Sky policy was detrimental to the local carriers and urged the government to device a mean to control it. He said, “The local carriers should be able to operate as best as the foreign airlines were doing. The local carriers should be brought to their feet before an Open Sky policy should be operated in any country.” He challenged the government to provide infrastructure and enabling environment for indigenous airlines to function optimally in the country. Besides, an aviation enthusiast, Mr. Emmanuel Olisemeke, decried that open sky or Bilateral Air Services Agreements, BASA, Nigeria had with other countries had always been lopsided against the nation and its carriers.
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Aviation
Tuesday, July 21, 2015
Aviation expert disagrees with Joda transition committee’s recommendation StorieS: oluSegun KoiKi
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he Federal Government has been advised not to implement some of the recommendations submitted to it recently by the Ahmed Joda Transition Committee on the development of aviation in Nigeria. The Director, Strategy, Zenith Travels, Mr. Olumide Ohunayo disagreed with the committee on the merging of the debtor airlines to Asset Management Company of Nigeria, AMCON, to form a major carrier and its recommendation to the presidency on recapitalisation exercise to indigenous carriers. Ohunayo told journalists that the submission of the committee on debtor airlines to form a major carrier was wrong, stressing that the debts of most of the airlines were more than their liabilities. He added that the taking over of Aero Contractors some few years ago by AMCON due to debts had not helped the fortune of the airline, rather, its operations had continue to nosedived. It would be recalled that the Federal Government through AMCON currently had 60 per cent share in Aero while the Ibru’s family re-
tained 40 per cent, but its fleet had since reduced from 12 at takeover period to about five at the moment. Ohunayo insisted that the resuscitating medication by AMCON was not working and advised to look inward for other options such as advertising for buyers or shop for turnaround airline experts not unemployed expatriates to help the recovery process before a merger. He added, “Aan outright merger now will be counterproductive and a subtly subsidy for families who mismanaged their airlines using funds from banks owned by Nigerians.” On the committee’s recommendation to the government on the under-utilisation of routes, the aviation analyst said this was a good initiative, stressing that the airlines focused much on the trunk routes leaving other domestic routes to a flight or two per day. He opined that the under-utilised routes could be improved upon if the airport facilities were pulled to extend operational hours, by drastically reducing charges and fees at such airports and by also giving interested airlines some Incentives. “It’s the joint responsibility of the Federal and State Governments
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year. Osowe in the statement stated that the letter of appreciation was signed by the institution’s Head of Aviation Management, Engr. E. O. Onwuka, on behalf of the Rector, Capt. Sam Caulcrick. He emphasised that the flagship aviation college in the country extolled the strategic training initiative being promoted by BASL and promised to strengthen its collaboration with the company. BASL is the first and only private terminal operator in Nigeria. The company commenced operations in 2007 and is today adjudged the best and most convenient terminal in the country. Just recently, the terminal operator carried out IATA training for its members of staff in a bid to properly
L-R: Sales Manager (Trade), Air France/KLM, Mr. Stephen Omadevuae, former Rector of the Nigerian College of Aviation Technology, NCAT, Capt. Adebayo Araba, Managing Director, Sesby’s Travels, Mrs. Adeola Sesby-Banjoh, Account Manager, Air France/KLM, Mr. Lawal Dauda and Sales Executive (Trade), Qatar Airways, Mr. Simon Osunkunle at the launh of online portal of Sesby’s Travels in Lagos recently.
Airside shegzzy4live2000@yahoo.co.uk 08186007273
Mockery of aviation in Nigeria
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Olumide Ohunayo
to attract flights to those airports, with the Federal Government taking the lead. If we improve facilities and increase operational hours it will benefit our airlines, passengers and the economy at large,” he said. Ohunayo further condemned the recapitalisation recommendation for the indigenous airlines, describing it as progression in error. Rather, he suggested that the government could use fleet as the barometer of measurement by moving it from the current minimum of two aircraft to 10 aircraft for domestic and West Coast routes and minimum of 12 aircraft for international routes.
NCAT commends BASL over IATA training programme
he management of the Nigerian College of Aviation Technology, NCAT, Zaria, has lauded the management of BiCourtney Aviation Services Limited, BASL, operators of the Murtala Muhammed Airport Two, MMA2, Lagos, for its contribution to human capital development in the sector. Media statement by the Corporate Communications, BASL, Mr. Ayotunde Osowe stated that the terminal operator received the commendation following the full sponsorship of four instructors from the college for a week long course in ‘Airport Route Development and Commercial Management’ in May This year. The course was organised by the International Air Transport Association, IATA, in Lagos, in May this
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reposition its working environment and make it more conducive for travellers and other airport users. BASL had said that the workshop, among other things, was designed to promote quality, effective and efficient services by airport professionals in the areas of management, marketing, operations and security. The company stated that the workshop ultimately was not about obtaining paper or international certificate, but rather to ensure customers’ satisfaction, safety, security and many other things that make travelling via the airport terminal a worthwhile experience.
he immediate past Minister of Aviation, Chief Osita Chidoka revealed in one of his meetings with stakeholders in Lagos that aviation industry in Nigeria contributed a paltry 0.4 per cent to the country’s Gross Domestic Product, GDP, in 2013 while several other countries contributed between five to seven per cent to their economies in the same period. Also, the newly sworn-in of the Aviation Round Table, ART, Mr. Gbenga Olowo in his maiden press briefing, disclosed that the combined number of aircraft owned by Nigerian airlines are just 57 with Arik Air having the highest fleet with just 26 while South African Airways alone has 67 aircraft in its fleet! Just recently, the Managing Director, Omni-Blu Aviation Services, Mr. Akin Olateru informed that the leading gulf carrier, Emirates earned a turnover of $24 billion in 2014
Two ground incidents at Lagos Airport: who bear the cost?
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ithin 11 days, there were two major ground incidents involving aircraft at the Murtala Mohammed Airport tarmac. The first was that of the Emirates Airlines and Hak Air in which the two aircraft involved suffered substantial damage to their wing and tail respectively. Till date, the Accident Investigation Bureau, AIB, is still trying to unravel the cause of the incident. Last Friday too, two aircraft belonging to FirstNation Airways brushed their wings at the Murtala Mohammed Airport Two, MMA2, Lagos. The management of the airline this time around imposed the blame on the marshallers of the Federal Airports Authority of Nigeria, FAAN, accusing the marshaller of incompetence. Airside just like every other
stakeholder is however worried by this incidents as airlines involved would incurred thousands of dollars debts in the cause of carrying out repairs on the affected parts. Airlines operating into the Nigerian airports severally incur unnecessary debts due to several shortcomings at the airports. About two weeks ago, the President, Airline Operators of Nigeria, AON, Capt. Nogie Megision lamented that its members lose about $180 million to incident of bird strikes annually. The questions are ‘can FAAN or any other agencies responsible for these massive losses by the airlines responsible for the costs?’ ‘Or is it the airlines that would be left to suck their wounds all alone?’ Airside feels solution should be provided as all these losses contributed in no small measures to the short lifespan of the nation’s carriers.
had also uniquely deliver value for its shareholders by accelerating its capital returns while also paying down debt. He however noted that the leading carrier had more work and opportunity ahead of it on all of these fronts as the management continues to execute on the long-term plan. He continued, “Our significant fuel savings in the September quarter should allow us to produce another record quarter with more than 30 per cent EPS growth, a 19-21 per cent operating margin and $1.9 billion of operating cash flow. Delta’s operating revenue for the June quarter increased one per cent, despite $160 million in foreign
currency pressures, which reduced unit revenues by approximately two points. Passenger unit revenues declined 4.6 per cent on a 3.9 per cent decline in yields. Delta saw solid progress with several of its revenue initiatives, including Branded Fares, which increased passenger revenues by $56 million, and its enhanced agreement with American Express, which produced an incremental $60 million in revenue. “Our commercial initiatives continue to gain traction in the marketplace and we will produce summer margins in excess of any achieved in our history,” said Delta’s President, Ed Bastian.
Delta airline’s income up by 22%
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elta Air Lines has reported financial results for the June 2015 quarter, including adjusted net income of $1 billion or $1.27 per diluted share, up 22 per cent from the June quarter of 2014. The airline in a statement from its media consultant in Nigeria stated that its record results had allowed it to invest in its employees through higher wage rates, profit sharing and improve the experience for its customers through new aircraft and innovative partnerships with global carriers. The Chief Executive Officer, CEO, of the airline, Mr. Richard Anderson stated that the carrier
financial year in ticket sales while Nigeria’s total earning in crude oil exploration within the period stood at just $19 billion. Emirates Airlines earned $5 billion in revenue more than what Nigerian earned in crude oil exploration! Airside says it is obvious that Nigeria is just a spectator in aviation industry and is making mockery of the numerous potentials open to exploration in the sector. With a population of over 170 million, Nigeria should be one of the leading participants in the global aviation industry, but the reverse is the case here. Airside is unhappy that a country that prides its self as the most developed economy in the continent and a giant in Africa is crawling on several fronts and a passenger in aviation practice. Time for the incumbent government to change the pendulum is now.
Tuesday, July 21, 2015
Insurance
National Mirror www.nationalmirroronline.net
33
govt to strengthen country’s NIA urges insurance firms on Canadian disasters response capacity EAIPN subscription T T StorieS by tola akinmutimi
he Nigeria Insurance Association, NIA, at the weekend advised risk underwriters in the country who were yet to subscribe to the Energy and Allied Risks Insurance Pool of Nigeria (EAIPN) to do so in order to retain capacity in oil and gas underwriting business and curb capital flight incidence in the country. The Chairman of the Technical Board of EAIPN, Wole Oshin, who gave the advice hinted that currently the Pool which formally was formally floated early this year had 14 subscribers with total contributions of 40 per cent of their subscribed lines amounting to $4 million (about N720 million), saying that others joining the EAIPN would help in addressing capital flight which is one of the major challenges undermining capacity building in the nation’s insurance sector. The NIA chief also urged insurance firms that had subscribed to cede businesses to the pool in order to grow the capacity of the local market in energy and allied risks underwrit-
ing. The 14 companies include, Leadway Assurance Company Limited, Royal Exchange Insurance Co. Ltd, Consolidated Hallmark Insurance Plc, Sovereign Trust Insurance Plc, Custodian and Allied Insurance Plc, Aiico Insurance Plc, and Lasaco Assurance Plc. Others are Linkage Assurance Plc, Sterling Assurance Company Limited, Prestige Assurance Plc, Industrial and General Insurance Plc, Nigerian Agric Insurance Corporation (NAIC), NEM Insurance Plc and NSIA Insurance Company. Oshin expressed the hope that since the Pool is being promoted by NIA member-companies other companies would subscribe to the Pool after it had been launched. According to him, African Reinsurance Corporation (Africa Re) has emerged as the Manager of the Pool after a rigorous selection process, adding that the company is expected to use its global connections and experience to manage the pool profitably and build the requisite
NIA DG, Sunday Thomas
capacity. He explained that with the industry regulatory institution, National Insurance Commission (NAICOM), supporting the initiative there would be a structure that will guarantee the continuous funding of the Pool and as well as guarantee its patronage. Oshin said that the Board of the Pool also anticipated a situation where a large proportion of businesses emanating from the country will have some element of the Pool.
Hygenia, Kwara Govt hold health insurance advocacy forum today
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ygenia Community Health Insurance and Pharm Access and Kwara State Government have concluded arrangements on their One-Day Conference on the State Health Insurance Research and Advocacy slated for today in Ilorin, the state capital. The Permanent Secretary, State Ministry of Health, Alhaji
Abdulfatah Ahmed
R. Ayinla, in a statement hinted that the forum would highlight the achievements of the State’s Community Health Insurance Scheme with a view to showcasing as a model from which other states could learn from in their efforts towards the attainment of Universal Health Scheme through state support health insurance scheme. Ayinla indicated that representatives of the World Bank, Department for International Development (DFID), National Health Insurance Scheme and the Dutch Ministry of Foreign Affairs, Permanent Secretaries, State Ministries of Health and other stakeholders would participate in the conference The Kwara State Community Health Insurance Scheme, which has over 100,000 enrollees and secured two international mention and recognitions last
year, is a collaborative initiative with Pharm Access Foundation and Hygeia Community Health Insurance Scheme, the state’s Health Community Insurance Scheme partners, The State Governor, Dr Abdulfatah Ahmed, will declare the event open.
he Federal Government announced at the weekend four new projects to help improve Canada’s ability to respond to natural disasters, such as flooding, and address public health emergencies. James Bezan, parliamentary secretary to the Minister of National Defence and Lawrence Toet, the MP for Elmwood-Transcona, made the announcement on behalf of Associate Minister of National Defence, Julian Fantino. The projects were announced as part of a $12 million investment funded through the Canadian Safety and Security Program (CSSP), the Department of National Defence (DND) said in a press release. Two projects will aim to mitigate the impact of natural disasters. The first project will “leverage the Government of Canada’s significant and ongoing investment in the space Earth observation sector to develop a real-time, web-accessible flood prediction and monitoring prototype system for Canada,” the release noted. Partners will include NASA and Natural Resources Canada. The second project will study measures that could strengthen the resilience of Canada’s water sector. Public Safety Canada and the Canadian Water and Wastewater Association, in partnership with Dalhousie University in Hali-
fax, will lead the project. The other two projects will tackle the issue of public health emergencies. The first project will seek to develop “comprehensive models to enhance our understanding of antimicrobial resistance, which threatens the effective prevention and treatment of an ever-increasing range of infections caused by bacteria, viruses and more,” the DND said. The second project will expand the Canadian Network for Public Health Intelligence platform to enable its use on mobile technologies and develop new tools to foster improved communication on issues related to human, animal and environmental health. “The projects announced today will help ensure greater safety for Canadians in the face of natural disasters and public health emergencies,” Bezan said in the release. “As a Manitoban, I am all too familiar with the devastating impact of natural disasters, such as flooding, on communities and families. The development of an innovative real-time webaccessible flood prediction and monitoring prototype system is a positive step forward, as it will assist many communities in Manitoba and beyond better prepare for such a natural disaster.” (Source – Canadianunderwriter.ca)
Gable signs 50% quote share deal with Swiss Re
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nsurer Gable Holdings Inc on Thursday said it has signed a 50 per cent quota share agreement with Swiss reinsurance company Swiss Re. Under the terms of the deal, Gable will provide a package motor, personal accident and household insurance policies for the domestic Danish market. Under a quota share arrangement, a fixed percent-
age of each insurance policy is reinsured, in this case 50 per cent. The three-year deal will be administered in Denmark by Husejernes Forsikring Assurance Agentur AS and Howden Insurance Brokers AB. It expected to deliver annualised gross written premiums of around GBP3 million, Gable said.
“We are delighted to be working alongside Swiss Re on a quota share partnership and our Danish partner Husejernes Forsikring Assurance, for the launch of this new combined product which broadens our product range in the Danish market,” said Gable Chief Executive William Dewsall. (Source - Businessinsurance.com)
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Insurance
Tuesday, July 21, 2015
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PENCOM mobilizes staff for retiring workers’ verification exercise StorieS: tola a kinmutimi
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he National Pension Commission, PENCOM, has intensified arrangements for the commencement of the verification and enrolment exercises for federal workers employees due for retirement between January and December, 2016. National Mirror reliably gathered that apart from mobilizing its workforce for the nationwide exercises slated to kick off next Monday, the Commission is also working round the clock to ensure that logistics problems that might undermine the exercise are completely addressed. The exercise, which covers Federal Ministries and Parastatals, Academic Institutions, Health and Research Institutions, Paramilitary; and Police, is taking off in Lagos, Ogun, Kwara, Ekiti, Adamawa, Gombe, Taraba, Cross River and Akwa Ibom states in July while other states’ are expected to start in August. The exercises will be concluded on 4th September this year. Unlike the previous year’s verification and enrolment exercise which was conducted in 14 centres nationwide, this year’s exercise is taking place in 16 centres. According to a source in the Commission, the management is determined to ensure that all affected employees are not left out in the proposed
PenCom DG, Anohu Amazu
exercise, hence its efforts to make sure that all staff relevant to it are mobilized beginning from this week. She said: “What we noticed was that at the end of the exercise last year, some of these people could not be captured not necessarily because of their personal faults but because of some problems of documentation in their years of service. In this year’s exercise, the management is committed to eliminating all areas of hiccups and ensure a hitch-free exercise. “As we speak now, all hands are on deck to mobilize those who will play roles in the various centres to move to
Commissioner for Insurance, Fola Daniel
their locations while the issue of logistics is being addressed. So, by the management’s plans, this year’s exercise will be an improvement on last year’s as the Director General has made it clear that we must achieve 100 per cent success”, she added. On the suspension of the in-house registration of those who could not participate in last year’s exercise, she confirmed that since the Commission had earlier notified those affected, it was expected that at the end of this exercise for 2016 retiring federal workers, those who had not completed the 2015 verification exercise would be
given opportunity to do so. “Those you talked about as per 2015 exercise would still be allowed to perfect their documentation. Some did not participate then due to posting and missing documents to substantiate that while others have to do with omissions in their records at the office of Head of Service. “So, with all these lapses, the Commission has given them another opportunity to participate in the exercise which some of them had done. I think after the new exercise for 2016 retiring workers, those who missed previous verification and enrolment exercises would be allowed to participate in it. You know, it was suspended on July 15 to allow for a hitch-free enrolment exercise for 2016 retiring workers”, she assured. It would be recalled that the PENCOM had earlier informed all employees of Treasury Funded MDAs of the Federal Government about the nationwide verification and enrolment exercise. Those affected are those who are due to retire between January and December, 2016 by virtue of attaining 60 years of age or 35 years in service whichever is earlier or 65 years and or 70 years of age for employees of Tertiary institutions for the purposes of proper documentation and subsequent payment of their retirement benefits.
NIEF tasks Buhari on appointment of Insurance Commissioner
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he Nigerian Insurance Employees Forum, NIEF, an umbrella body for insurance employees in the country, has advised President Muhammadu Buhari to ensure that the appointment of a new Commissioner for Insurance Commissioner is devoid of politicking with a view making sure that a competent person is put in the position. The Forum’s position on the appointment of the new Insurance industry regulator was contained in the communiqué issues at the end of its 9th Council Meeting held last week in Lagos. Specifically, the communiqué signed by the NIEF’s National Coordinator, Prince Jide Akinyooye and Alhaji Ahmed Owolabi, stated that appointing the right person to fill the position being vacated by the outgoing Commissioner for Insurance, Mr Fola Daniel, would be beneficial to the development of the industry. NIEF stated: “We are making passionate appeal to President Muhammadu Buhari not to politicize the appointment of the next Commissioner for Insurance and to ensure that the needful is done within reasonable time. “It will be beneficial to the develop-
ment of insurance sector “if a round peg is put in the round hole” by making such appointment from the available bunch of seasoned insurance executives in relation to general practice in the advance economy. This will guarantee cross-fertilisation of ideas that would propel the sector”, it added. On the achievements of the outgoing Commissioner, the Forum commended his contributions to the growth of the sector, especially on the ‘No Premium No Cover Policy’ which, it projected, would result to long-term benefits for the insurance business and economic development of the country. As part of its recommendations to boost the industry’s growth, the NIEF urged the Supervisory and Monitoring Unit of the regulatory institution, the National Insurance Commission, NAICOM, to opt for corrective approach instead of the usual punitive option being adopted that sometimes is capable of threatening the going concern of most companies in the sector. “We expect NAICOM to create and adopt simple format of rendering quarterly and annual returns from other financial units, such as banks as it is frustrating and sad to mention that the
current NIACOM’s Return Template is too cumbersome and unnecessarily lengthy in such a way that requires modification towards reality, accuracy and simplicity”, the Forum noted. It also restated the need for government and the regulatory authorities to
improve public awareness about insurance and its invaluable roles in national economic development, adding that “it is high time for the government to reduce its avoidable burden by sensitizing the public on the essence of insurance as a catalyst of industrial growth”
PartnerRe improves merger plan terms with Axis Capital
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n an effort to encourage shareholders to support a merger with Axis Capital Holdings Ltd., PartnerRe Ltd. announced Thursday it is offering to increase, by 52 per cent, a special dividend that PartnerRe shareholders would get in the event of such a merger. Both of the Pembroke, Bermuda-based companies write reinsurance and commercial primary insurance worldwide. Both have Toronto of-
fices. PartnerRe and Axis Capital announced Jan. 25 that their board members unanimously approved a merger agreement, which is subject to regulatory and shareholder approval. A merger would create a global top 5 reinsurer, Axis Capital stated at the time. But EXOR S.p.A. also wants to acquire PartnerRe, which is traded on the New York Stock Exchange. PartnerRe
stock opened at $119.14 April 14 when EXOR announced an offer to acquire PartnerRe at $130 per share. It is currently trading at more than $134. All figures are in United States dollars. Both PartnerRe and Axis Capital shareholders are scheduled to vote Aug. 7 on whether to merge. EXOR is urging PartnerRe shareholders to vote against the merger. (Source – Canadianunderwriter.ca)
Tuesday, July 21, 2015
Money
National Mirror www.nationalmirroronline.net
35
‘Why mobile money is yet to flourish in Nigeria’ Udo onyeka
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anaging Director /Chief Executive Officer of Airtel Nigeria, Mr. Segun Ogunsanya, has said mobile banking also known as mobile money is not working in Nigeria because the Central Bank of Nigeria, CBN, has continued to refuse giving licence to telecommunication companies, telcos. Ogunsanya said that as long as the service remains bank-led instead of telcoled, its acceptance and usage will remain low. The Airtel boss who said this recently in a panel discussion at the annual lecture of the Chartered Institute of Bankers of Nigeria, CIBN, enjoined CBN to learn from Kenya on how their banking regulator partnered with telcos to drive mobile money to its enviable position in Africa. Ogunsanya said mobile banking is not working in Nigeria due to the way it is structured. “The only reason is that it is bank-led. If it is telco-led, you will be amazed the change that would happen. We have engaged the regulator here a number of times and nothing has happened”, he said. According to him GSM companies have what it takes to collaborate with CBN and the banks in order to deepen retail banking and make money from that space since agency banking is yet to takeoff properly in Nigeria. Ogunsanya, therefore called for a review of the current mobile money model, saying a telco-led model would help expand retail banking, thereby driving financial inclusion in the unbanked seg-
Ogunsanya
GTbank MD, Segun Agbaje
ment. He said telecoms companies are not permitted to provide their own mobile money services as the current model approved by the apex financial regulator empowers banks to provide mobile money services, while telecoms companies play only a supporting role. The apex had earlier insisted that it was aware of the huge potentials of telecommunication operators in driving mobile money, but opted to license banks and other financial institutions to avoid clash of interest between banks and telecommunications operators. It also said such model would enable it monitor the amount of money in circulation. However the CBN governor was quoted
recently as saying that effective operation of mobile money transaction, the CBN was also reviewing the regulatory frameworks and guidelines for mobile money services in the country. The main objective of the review, he said was to provide enabling environment for operation of mobile payment services. Many have noted that the mobile money was gradually growing in the country. Some have said that with adequate enlightenment and cooperation between telcos and financial institutions mobile money will grow in Nigeria as is the case in Kenya. Director, Banking and Payment Systems Department, CBN, Mr. Dipo Fatokun, recently at a workshop on Mobile Money and Emerging Payment System for lawyers said Nigeria has recorded total transactions of N700bn through the mobile money banking system since 2012. Fatokun, who was represented by a Deputy Director in the department, Mr. Jimoh Itopa, said the apex bank had licensed 23 mobile money operators in the country. He put the value of mobile money transactions conducted monthly at about N30m. According to the official, the apex bank would continue to make sure that the necessary things that would support thriving mobile money are put in place in the country including the enabling environment. “Apart from the 23 mobile money operators, there were about 80,000 mobile agents spread across the federation that have been given approval to carry out mobile money transactions.“We have licensed 23 mobile money banking operators and on a monthly basis, these operators conduct a total transaction of about N30 million monthly. “In addition, there are over 80,000 mobile agents where people can also go and conduct mobile money transactions,” Fatokun said. He also said to ensure the safety and stability of the mobile money banking system, the apex bank was collaborating
Ecobank Cote d’Ivoire consolidates
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cobank Cote d’Ivoire has said that it consolidates its position in order to contribute to the development of the country. Speaking at the officially inaugurated its new head office building in Abidjan Deputy Group CEO of Ecobank, Evelyne Tall Daouda, said the new head office building illustrates the firm commitment of the Ecobank Group to consolidate its position in Côte d’Ivoire, to contribute to the development of the Ivorian economy, to take part in the creation of wealth and tangible employment for young people. Congratulating the Managing Director of Ecobank Côte d’Ivoire, Charles Daboiko and his team for bringing the building project to fruition, she this would provide quality banking services for many more Ivorians. Established in Côte d’Ivoire in 1988, Ecobank
Côte d’Ivoire is one of the 36 subsidiaries of the pan-African banking group Ecobank, under the group’s parent and holding company Ecobank Transnational Incorporated, ETI. Ecobank Côte d’Ivoire finances 13 per cent of the Ivorian economy, having paid 14 billion CFA francs, $23.5m, in taxes to the Ivorian Treasury in 2014. With 655 employees and 55 branches across the country, the Ivorian subsidiary has total assets of 850 billion CFA francs, $1.4bn and recorded profit before tax of 17 billion CFA francs, $28.7m, in 2014. “Ecobank Côte d’Ivoire is a pearl in our network and we are proud of our subsidiary. It provides us with an important platform through which we can continue to contribute to the economic development of Côte d’Ivoire as we offer our Ivorian cus-
tomers access to banking services and financial resources,” Group CEO of Ecobank, Albert Essien, said after the ceremony: The Mayor of the host district of Plateau, Bendjo Akossi, emphasised that Ecobank Côte d’Ivoire’s new head office building was designed by African architects. The building’s main architect, Ibrahima Konare gave a presentation showing the various stages of construction and highlighted the avant-guard design of the building. Pierre Magne, Chairman of the Ecobank Côte d’Ivoire Board of Directors, said the new head office was constructed at a cost of roughly 12 billion CFA francs ,$20.2m, which “showed the confidence of the Ecobank Group in the future of Côte d’Ivoire and its firm commitment to support the country in its journey to towards the 2020 development horizon.”
with Nigeria Deposit Insurance Corporation, NDIC, to insure the fund. “The NDIC deposit policy doesn’t cover these funds. So we have to work with NDIC to see how we can institute a passthrough Insurance policy. “This means that, even though the money is sitting in one account, it represents the deposits of various subscribers. This will recognise the contributors to that pool, that every single individual who has contributed in that pool will be recognised and compensated in the event that the bank is liquidated. So this has put confidence in the subscribers that their money is safe,’’ he said. According to industry watchers, telcos are gradually coming to terms with the reality of the CBN Model. This has led to consummation of business agreement between some telcos and some banks. For instance Guaranty Trust Bank ,GTB and Etisalat, formed a strategic alliance aimed at connecting 55 million unbanked Nigerians through the mobile payment system. Speaking on the partnership, Matthew Wilsher, chief executive officer at Etisalat Nigeria, said, “The partnership will begin a journey for unbanked customers from our over 22 million subscriber base.” A few months back, Globacom, the second national carrier, launched the Glo Xchange, a Mobile Financial Services, MFS, agent network stretching across the telecoms operators’ more than 35,000 dealer and sub-dealers throughout the nation. This move, according to Business Monitor International, BMI, is by far the largest and the first operator-led initiative to establish a wide-reaching network of MFS agents in Nigeria. In the same vein Airtel has launched an innovative payment service in partnership with Access Bank. This new service dubbed, ‘Access Money’, allows customers to perform simple, secure and instant financial transactions using their phones. A global management consulting firm, the Boston Consulting Group, has projected that Nigeria stands to generate $1.5bn from mobile money services by 2019; heart-warming projection which experts say may remain a dream unless stakeholder collaborate on moving mobile money forward. According to them, a collaborative effort between banks and telecommunications companies will drive mobile money services beyond the present stage. Since the launch of mobile money in the country in 2012, only 11.9 million adults, 12.7 per cent of the adult population, are aware of the services, a report by the Enhancing Financial Innovation and Access has stated. Out of the number, the EFInA report noted that only 0.8 million adults ,approximately 0.8 per cent of the adult population, currently used mobile money services.
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Global Business
Tuesday, July 21, 2015
Greek banks ready to open Monday, expect long queues
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reek banks expect long queues but no major problems when they reopen on Monday for the first time in three weeks, although withdrawals will still be limited and capital controls will remain, senior banking officials said on Sunday. The cautious reopening of the banks, and an increase in value added tax on restaurant food and public transport from Monday, are aimed at restoring trust inside and outside Greece after an aid-for-reforms deal last week averted bankruptcy. Prime Minister Alexis Tsipras is trying to turn a corner after bailout terms he reluctantly accepted prompted a rebellion in his leftist Syriza party. He sacked party rebels in a government reshuffle on Friday and is seeking a swift start to talks on the bailout accord with European partners and the IMF before elections which Interior Minister Nikos Voutsis said were likely in September or October. The government on Saturday issued a decree ordering the lenders to pull up their shutters on Monday after they were closed on June 29 to prevent the system collapsing as withdrawals skyrocketed over worries on Greece’s debt crisis. The head of Greece’s banking association Louka Katseli urged Greeks, who will be able to withdraw 420 euros a week at once instead of just 60 euros a day, to put their money back.
“Tomorrow when the banks reopen and normality is restored, let’s all help our economy. If we take our money out of chests and from our homes - where they are not safe in any case - and we deposit them in the banks, we will strengthen the liquidity of the economy,” she told Skai television on Sunday. Sigmar Gabriel, economy minister of Germany, the biggest contributor to eurozone bailouts, said the deal could succeed where previous ones failed because the European Union now emphasizes growth and investment rather than just austerity. It would depend on reforms being enacted and “convincing the population that this is a path that allows Greece to assert itself rather than becoming a permanent almsreceiver,” he said in extracts from a television interview. French President Francois Hollande, who pushed hard for a deal, said the Greek crisis had weakened Europeans’ faith in the European project and revived calls for the creation of a euro zone government. “What threatens us is not an excess of Europe but its insufficiency,” Hollande wrote in an op-ed in the Journal du Dimanche weekly newspaper. The deal struck at a euro zone summit last week allowed the Euro-
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Mohammad Gawdat
value was more than the total market capitalization of Caterpillar Inc (CAT.N), the world’s biggest construction equipment maker. Google’s shares hit a record high of $703, valuing it at $471.50 billion and cementing its position as the world’s second most valuable company after Apple Inc. At least 27 brokerages raised price targets on Google’s stock, with analysts also welcoming new Chief Financial Officer Ruth Porat’s emphasis on disciplined spending. At the highest price target of $800, Google would be valued at $545 billion. Apple is valued at about $740 billion. The energy brought to Google by Porat, who joined in May from investment bank Morgan Stanley (MS.N), is likely to drive the stock in the short and medium term, analysts say. “She is known to be tough as nails when it comes to expense management ...,” FBN Securities analyst Shebly Seyrafi said. “A lot of investors are comforted by the fact that her first quarter as CFO, reporting, she is delivering.” Google said on Thursday that watch time for YouTube rose 60 percent in the second quarter and the
Regulators to seek penalty on Toshiba for false accounting – Nikkei
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apan’s financial watchdog plans to seek a financial penalty on Toshiba Corp (6502.T), currently being investigated by an independent committee over accounting irregularities, the Nikkei reported on Saturday. The Securities and Exchange Surveillance Commission (SESC) believes the company falsified financial statements and will recommend as early as September that the Financial Services Agency impose a fine, the business daily said, citing Tsipras sources. pean Central Bank to top up emerA source familiar with the gency credit lines which the Greek matter told Reuters that regubanking sector needs to survive. lators will begin studying the “The banks are ready to open and we don’t expect any major problems on Monday,” an official at the Central Bank of Greece told Reuters. As well as getting a weekly limit instead of a daily one, customers will also be able to access their safety deposit boxes and withdraw money without a credit card. Deposit boxes are not affected by the capital restrictions and clients can therefore take whatever they want from them, bank officials said. But restrictions on transfers abroad and other capital controls remain in place.
Google gains billions in value as YouTube drives ad growth oogle Inc’s (GOOGL.O) shares closed up 16.3 per cent at $699.62 on Friday, adding about $65 billion to its market value, as strong growth in YouTube viewership eased investor concerns about Facebook Inc’s (FB.O) push into video. Google’s class A shares chalked up their largest single-day percentage change in more than seven years on Friday. The surge, which comes a day after it reported better-than-expected profit for the first time in six quarters, sent the Nasdaq composite index to a record intraday high. The rise in Google’s market
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video service had more viewers aged 18-49 on mobile alone than any U.S. cable network. Online video ads could be a $17 billion opportunity in the United States alone by 2017, Jefferies & Co analysts said, and YouTube looks best positioned to benefit. Google and Facebook are trying to woo big companies to market products via online videos. But YouTube has an edge over Facebook as it has a more mature monetization platform that seems to attract the best content, Piper Jaffray analyst Gene Munster said. Google’s ad revenue rose 11 percent to $16.02 billion in the second quarter. Paid clicks rose 18 per cent. “This growth has steadily held in the mid-to-high teens since at least Q1:13,” RBC analyst Mark Mahaney said. “Such consistency is a rarity, especially for a behemoth business...” Google said the gap was closing between mobile and desktop “cost per click” (CPC), or the average price of online ads. Mobile ads are usually cheaper because of smaller screen space. Mobile CPCs are likely to exceed desktop CPCs in the long term, Munster said.
case to weigh potential penalties after the committee announces its findings on Monday. An SESC spokesman declined to comment, while Toshiba officials were not immediately available for comment. A separate source familiar with the matter said on Friday that the committee’s report was likely to conclude that top executives - including CEO Hisao Tanaka, and former company presidents Norio Sasaki and Atsutoshi Nishida - had been aware of delays to the booking of losses. Toshiba expects to take up to $3 billion in charges related to six years of improper accounting.
Toshiba laptop
JPMorgan reaches $388m settlement in mortgage securities case
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PMorgan Chase & Co (JPM.N) agreed to pay $388 million to settle a suit by investors claiming that the largest U.S. bank had misled them about the safety of $10 billion worth of residential mortgage-backed securities it sold before the financial crisis. The lawsuit, brought by Fort Worth Employees’ Retirement Fund and other investors in offerings made before the 2008 financial crisis, accused JPMorgan of misleading them about the underwriting, appraisals and credit quality of the home loans
Nicholas Johnson
underlying the certificates. The lawsuit said that after Lehman Brothers Holdings Inc failed, the certificates were worth at most 62 cents on the dollar. JPMorgan agreed to a $13 billion settlement with the Justice Department in 2013 over allegations that the bank had misled investors in mortgage-backed securities about the soundness and risks of the investments that helped bring on the subprimemortgage crisis of 2008. Throughout the litigation process, JPMorgan has said that the poor performance of the certificates was not due to the quality of the loans, but was caused by the collapse of the overall economy. The $388 million settlement was disclosed in a court filing on Friday. It is subject to approval by a judge. The case, whose caption names a different plaintiff, is Fort Worth Employees’ Retirement Fund v. JPMorgan Chase & Co, U.S. District Court, Southern District of New York, No. 09-03701.
Tuesday, July 21, 2015
Capital Market
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Capital market: Stakeholders optimistic about equities rebound, market growth Johnson okanlawon
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he Nigerian stock market has been on a free fall over the last few weeks with the index closing negative every single day except few days that recorded gains since the beginning of the month. The Index has so far lost over N794 billion in market capitalisation. Many factors have been attributed to the persistent decline in the value of stocks, particularly uncertainty over the value of naira, which is being traded above the official limit of N196.75 to the dollar. There have been increased speculations, which has triggered a sell-off in the stock market as investors dump stocks and other naira denominated assets to guard against any devaluation. But stakeholders in the Nigerian capital market have expressed confidence that the 2015 will impact on investors’ return on investment despite the continuous dumping of stocks by many investors. The Managing Director of Lambert Securities Limited’ Mr. David Adonri, Managing Director, said that if the price of crude oil stabilizes and the macroeconomic authorities continue tight monetary policy, intensifies austerity and curtail imports, confidence will return to the economy and the capital market. However, added that long term solution lies in diversification and restructuring of the economy to be less import dependent. He said that the devaluation of the naira was an evidence that the macro economy was in distress. The Managing Director, Asset Management & Research, Dunn Loren Merrifield, Mr. Tola Odukoya, stated that the economy fared well in the first quarter of the year , but the consistent decline in oil prices over the last few months has put the domestic economy at risk given Nigeria’s reliance on oil revenues. “Meanwhile, I believe the significant progress being made towards diversifying the economic base via manufacturing and agriculture will positively impact economic growth in the 2015 if the current policies and pace of progress are sustained,” he said. He, however, stated that the current state of the market presents a very good opportunity for investors given the attractive asset prices. According to him, his optimism is based on his mediumto-long term outlook for the Nigerian, which is strongly positive, despite the short term challenges that will occur in the months ahead. Commenting as well on the outlook for 2015, BGL Plc in its Economic Review and Outlook for 2015, stated that the International Monetary Fund, IMF forecast that Nigeria would grow by
SEC DG, Gwazo
NSE DG, Oscar Onyema
Beneath the impressive valuations of the nigerian equities market is the expanding middle income group attracting improved financial performance of firms in the
fmcg and retail space
seven per cent in 2014 and 7.3 percent in 2015 would be supported by the sustained strong growth of the non-oil sector which is expected to grow by 7.7 percent in 2014 and 7.9 percent in 2015.The company added that key downside to the forecast includes the possible loss of the economic value added of the North East regions if the scale of insurgence increased. “In addition, the recent slump in oil price and the consequence of fiscal and monetary policy actions, which are largely contractionary, represent potential drags on output growth,” the company added in the report. On the equities market, the research firm noted that fundamentals show that Nigeria’s equities market may be significantly underpriced, adding that Price Earning, PE ratios of most sectors on the Nigerian Stock Exchange, NSE, are lower than that of its peers. On sector to sector review, BGL researchers stated that the banking sector, agriculture and oil and gas are very attractive, while the Fast Moving Consumer Goods, FMCG, sector which were hitherto overvalued have experienced significant price correction and the sector currently offers value for investments. “Beneath the impressive valuations of the Nigerian equities market is the expanding middle income group attracting improved financial performance of firms in the FMCG and retail space. “Due to identified infrastructure gaps in terms of housing, transportation and
power, we expect more focus on building and construction going forward. In addition, since the provision of the infrastructure needs is largely to be private sector driven, we expect better efficiency and transparency in the handling of the projects with positive implication for the capital market. “The merger between Lafarge WAPCO Cement Plc and Ashaka Cement Plc in order to achieve cost reductions through scale and removal of duplicated duties has positive potential effect on the sector. The newly launched Mortgage Refinance Company (MRC) is expected to boost housing development over time; leading to increased demand for building materials,” the report stated. They said that consumer goods stocks, which are defensive stocks and have the capacity to generate cashflow all year round portends huge value for these companies. In addition, the ban on the importation of some items and the increase in tariff on some create a favourable competitive environment for the players in the sector. The return to profitability of some consumer goods companies after years of negative performance signal that they have started benefiting from the restructuring embarked upon while the consistent positive performance of the industry bellwethers offers an attraction to the sector’s stocks, the company said in the report.
Stanbic IBTC MD, Sola David-Borha
In his own reaction, Mr. Taiwo Oderinde, National Coordinator, Proactive Shareholders Association of Nigeria (PROSAN),“The year 2014 was so significant in the history of our capital market because of some landmark events that took place. First, our market capitalisation grew to fourteen trillion naira .It shows a full recovery after 2009 global financial crisis. The Chief Executive Officer, Stanbic IBTC Asset Management, Mr. Olumide Oyetan said “There is bright future for the market as long as there continue to be positive policies and proactivenesss of operators. We are going to promote the culture of investing in Exchange Traded Funds, ETFs in Nigeria. “It’s just like taking out some insurance policies out of one’s life and begin to gamble on which other insurance policies would take your adequate cover. There is the need for the investors to learn how to invest and invest in the long-term securities like the ETFs.” Speaking on the ETF contribution towards attaining N1 trillion minimum capitalisation targets in 2016 overall growth in the stock market for the year, he disclosed that the Stambic IBTC ETFs contribution would be minimal for the period, judging from the low investors education on the funds and some other factors needed to be addressed in promoting such aspect of investment. On the NSE meeting the N1 trillion target market capitalisation, he said “As a component of $1 trillion target by the Exchange, though, its a laudable move but we are still far from that feat because lots have to put in place to achieve the target. When all those factors, as being put together by the management of the Exchange are in place like bringing more products, derivatives, options and many more, then, that becomes achievable and then ETFs Year-on-Year would start increasing.
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Features
Tuesday, July 21, 2015
Prof. Offiong Offiong
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Prof. James Ekpoke
Two dons in race for Unical VC RICHARD NDOMA, CALABAR
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s the battle for who occupies the seat of Vice Chancellor university of calabar gradually gathers momentum, the two dramatic personae in the race are strategising on how to outwit each other. The two contenders are current Deputy Vice Chancellor Academics Prof.Zana Akpagu and former Commissioner for Education under the Imoke`s administration which just elapsed some months ago, Prof.Offiong Efangha Offiong. King-makers for the Vice Chancellorship position , those charged with the responsibility of determining who becomes the institution’s Vice Chancellor are currently in the "market place” trying to shop for the best egg head for the plum job. Prof.Offiong Effangha Offiong is said to be holding series of nocturnal meetings with men that matter in the issue of selecting or appointing the institution’s Vice Chancellor to enable his ambition sail through. This is not to say that Prof.Akpagu is sleeping over the matter. Akpagu is either not resting on his oars but is also said to pulling his strings to enable him grab the top job. The Unical Vice Chancellorship tussle is already beginning to take a dangerous dimension manifesting signs of fierce political battle involving friends and foes of ed Zana Akpagu and Offiong Effangha who now resort to holding nocturnal meetings to strategise on how to out- wit each other in the game, threatening fire and brime- stone that the institution would know no peace except their leader becomes the VC. National Mirror gathers that some groups are already in court challenging
the decision of the university to reduce the length of service required for professors contesting for VC from ten years to seven years. This is because the authority of the University of Calabar came up with a resolution that they have reduced the years of candidates vying for the position of VC from 1Oyears to 7years so as to pave way for more persons to hunt for the top job. A development which supporters of Offiong criticized and said that such a reduction would encourage mediocrity which might end up lowering the standard and quality of leadership in the institution. The two gladiators are said to be very intellectually sound and morally upright with a pedigree that would not be in doubt any time and any day given the fact that both of them had held appointments in the state and were never found wanting in any way and as such good for the top job, having taught in the institution and have a wealth of experience in governance on how to run administration of any kind. While Zana had been a commissioner for Education and also Special Adviser in Cross River State before returning back to the class room to impact knowledge. Offiong on the other hand had been ASUU Chairman in Unical branch. Offiong had also served as Commissioner for Education in the Imoke`s government .But pundits said that the political calculations and equation seems not to be in favour of Prof. Offiong given the fact that Offiong hails from the Southern Senatorial District of Cross River state.A senatorial District that in the past years have taken its shot in the Vice Chancellor ship position. The South took its shot when Ex-Gov.Donald Duke ruled the state as governor with Prof.Ivara Ejemot Esu and prof, Asuquo as Vice Chancellors. Prof. Esu hails from
Biase Local Government while Duke hails from Calabar South .Those watching the political development in the university said that even though both Esu and Duke comes from two different local governments,the truth is that both Esu and Ex-Gov Duke comes from the same senatorial district i.e the southern senatorial district. Akpagu’s supporters claimed that the south had taken their shot when it has to do with VC ship position in the University of Calabar. However,a multi disciplinary scholar and lecturer in the History and International Studies department, Barrisster Maxwell Eba in a brief interview claimed that the University of Calabar has its peculiar culture and tradition when it comes to who becomes the ViceChancellor. Maxwell said that each time a particular senatorial district produces a governor it is the institution`s convention that same senatorial district also produces the Vice Chancellor.A convention that is unwritten but binding by all stakeholders of the University of Calabar. Eba stated," the University of Calabar had always had a zoning formular or agreement which is used in the selection of the institution`s Vice Chancellor which is unwritten but binding”. Political observers at the University of Calabar said there was an existing Act called University (Miscellaneous Provisions) Decree No 11 of 1993 and Universities Miscellaneous Amendment Act of 2003 which grants the institution Governing Council to begin the process of appointing a new Vice-Chancellor. However, Chief Okon Etim who claimed to be a retired staff of the University of Calabar said that he is conversant with the culture, norms and values of the institution.He said that It
is a moral issue which had been in existence since 40years ago when Unical was established and disagreed with those canvassing for the position not to be zoned to the north to have a re-think so as not to cause chaos in the institution. He said that in the forty years of existence of this University nobody from the north has ever occupied the post of Vice-Chancellor. According to the retired Unical worker,"Let me give you a run down of those who have governed Unical. The South has produced four ViceChancellors,namely Prof. Charles Effiong, Prof. Solomon Unoh, Prof. Ivara Esu who is now current Deputy Governor of Cross River State and Prof. Bassey Asuquo all these four Vice Chancellors come from the South. According to Chief,Etim, the Central Senatorial district had also taken their share twice because Prof. Kevin Etta and the incumbent Vice Chancellor Prof. James Epoke both hailed from the Central."Now tell me if I had mentioned any one from the north who had taken a shot at the Vice Chancellor? My advice to those from the Central and the South who are agitating to take over from incumbent VC Prof. James is to allow equity and fairplay to prevail . But for Mrs Mary Takim, a petty trader at the Watt Maket who said her two daughters pursuing degree programmes in Unical urged king-makers of the institution not to feign deaf ears but instead heed to the clarion call of the north and give them fair hearing in other that those from the north could have a sense of belonging too,"There are part of this state just like when they asked in the secular politics that opportunity be given to the people of the north and CONTINUED ON PAGE 38
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Features
Tuesday, July 21, 2015
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NAN MD urges media to promote nation-building T
he Managing Director, News Agency of Nigeria (NAN), recently urged the media to contribute positively to building a better Nigeria. Niboro made the call in his office in Abuja when he received a delegation from the University of Abuja, led by the Vice Chancellor, Prof. Micheal Adikwu. His words, ``It is clear that in the function of nation-building you must have positive media. "Since 1999 we have achieved democracy and this is the longest stretch of democracy that we have experienced in this country and because of this I tell my colleagues all the time that the war is over. The military is gone. ``This is democracy; you cannot win all the time; power must shift from one place to the other and how do we assist every government (that comes) in building the country of our dream. "The kind of things our leaders go through here is sometimes unbelievable. If you Google (for) the most abused President in the world, the thing that will come up will be Goodluck Jonathan of Nigeria. "They have transported it to the present and even the present administration is being attacked less than two months in office. "What can a government achieve in two months? What is two months in the life of a nation? Now the new President is already being called all kind of names. ``We keep our country perpetually unstable because of all these things." Niboro said that it was unfortunate that the Nigerian media, through their reportage, had led the world to believe
that the country was a corrupt society. He said: ``Today Nigeria is regarded as one of the most corrupt countries in the world, but I do not agree with that view.``We must learn to build our nation; we do not have any other country to call our own; we must remain here and serve it. ``If we ridicule our leaders and ridicule our country, which country are we going to call our own? "Here, there is nothing that is sacred; anything can be written; anything can be published no matter what happens. ``Even if it sets the country ablaze nobody cares; yet we come back and say Nigeria is unstable, Nigeria is not growing." The managing director said that the agency would support the university in the setting up of its radio station and in the area of training for its students. "I look forward to working closely with you and the university authorities. I am happy to hear that you have a radio station. We will work with you and in the area of training. We are fully on ground." Speaking earlier, the vice chancellor said that the delegation was at NAN to seek the agency’s cooperation in the area of training for the university’s mass communication students on industrial attachment. Adikwu also solicited the agency assistance in the setting up of the university’s radio station. "We have so many things we can do together - the News Agency of Nigeria and the university.``There is a little radio station we are trying to set up. The
project has been on for a while; we want to make it functional. We want to solicit your help. ``We have paid the license for two years now and the various process of activating it is already on. So that is one of the reasons we are here. "The other issue is as a university we do media arts, we do not have a de-
thrown out”.The 52 years old professor of Chemistry boost. Offiong said he left the university partially adding he is one with a passion for the university stressing that he had told his VC before leaving that he would be back. “I had done several research within this period. Between 2007 to 2015 I have taught and supervised 9 PHD students who have graduated.i think all these statements are made by those who have lost the point because they are just unnecessarily desperate to become the VC. If I may ask does the issue of where one comes from address the problems that Unical have?,All these kind of sentiments are distractive ! I rather had wanted people to ask if Offiong has the capacity to manage the institution. I never joke with my weekends. I teach,and supervised thesis for over 39 students both degrees, PGD and PHDs categories.I supervised a thesis in physical science written by one Christiana Mbonu who got best thesis award by the National University Commission in Abuja. I did all these even when I was a
Commissioner. We have enjoyed tremendous goodwill from all the people that we have consulted. Incidentally, my supporters are mostly from the South. I can count on the support of very prominent son and daughter from the South. Let me not go by mentioning them by names but trust me we have tremendous support from the South more than anywhere else and of course the immediate past governor who was my classmate in school. “We have been talking and I have his backing. The incumbent governor, Prof. Ayade is from my ward. There has been precedence- when Donald Duke was governor he strongly supported and projected Prof. Bassey Asuquo who is from his ward, so there is precedence. When Donald Duke was there he was able to produce a ViceChancellor from his home from the same ward in Calabar. The South and of course Epoke became Vice-Chancellor during the regime of Governor Liyel Imoke. Now we have a northern governor, naturally things should be allowed to play out the way they use to play in the past.
partment of mass communication yet, although we are working on that. ``We are sure you have the capacity to help us bring that to the fore and our students in English sometimes they will need to do attachments; this is a very good place to come to as far as those areas are concerned."
Mr. Niboro, Director General, News Agency of Nigeria
Two dons in race for Unical VC CONTINUED FROM PAGE 38
the politicians understood and granted them their heart desire, ” the petty trader maintained. "At least for the first time let Unical VC come from the north for equity fairness and justice”, she said. When contacted to comment on the issue, Prof. Offiong Effangha Offiong who doubled as Chairman for commissioners of education in Nigeria said he was shocked to hear people trying to use where one comes from as a criterion for qualifying for VC .I expect them to be talking of standard and not where one comes from ‘’ he noted .Besides that I learnt some people are saying that I had lost touch because I left the university for a state assignment . “Yes I am the only one who consistently held the post of Commissioner for Education for eight years without being thrown out of office by my boss that is why I think my boss I think I have broken a record that no one had ever broken in the state. I do not know any one with a record of holding the the position of Commissioner for Education from the beginning of an administration to the ends without being
It is very easy to forget history deliberately when it doesn’t favour you, so when a governor was from the South he produced a Vice-Chancellor from the South, when the governor was from Central, somebody from the same local government-Abi emerged as the Vice-Chancellor so now there is a governor from the north which is from also from my own local government. So there is precedence, what is good for the goose is equally good for the gander”Akpagu said. But the institution’s current Vice Chancellor, Prof. James Ekpoke debunked who was however fingered in the tussle that he had annointed a candidate of his choice to succeed him. But Ekpoke in a swift reaction said “It is quite unfortunate for any one to think that I can anoint any one to succeed him” . He admitted that his only blame was that he chose someone from the north to be appointed Deputy VC without knowing that the fellow has an ambition for the position of the VC.”Ekpoke said the two candidates would definitely appear before a panel of interviewers and he thinks he is not going to be the one to answer questions for any one and that both gladiators would speak for themselves.
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Global Business
Manage, meddle or magnify? China’s corporate debt threat
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eijing may have averted a crisis in its stock markets with heavy-handed intervention, but the world’s biggest corporate debt pile - $16.1 trillion and rising - is a much greater threat to its slowing economy and will not be so easily managed. Corporate China’s debts, at 160 per cent of GDP, are twice that of the United States, having sharply deteriorated in the past five years, a Thomson Reuters study of over 1,400 companies shows. And the debt mountain is set to climb 77 per cent to $28.8 trillion over the next five years, credit rating agency Standard & Poor’s estimates. Beijing’s policy interventions affecting corporate credit have so far been mostly designed to address a different goal - supporting economic growth, which is set to fall to a 25-year low this year. It has cut interest rates four times since November, reduced the level of reserves banks must hold and removed limits on how much of their deposits they can lend. Though it wants more of that credit going to smaller companies and innovative areas of the economy, such measures are blunt instruments. “When the credit taps are opened, risks rise that the money is going to ‘problematic’ companies or entities,”
said Louis Kuijs, RBS chief economist for Greater China. China’s banks made 1.28 trillion yuan ($206 billion) in new loans in June, well up on May’s 900.8 billion yuan. The effect of policy easing has been to reduce short-term interest costs, so lending for stock speculation has boomed, but there is little evidence loans are being used for profitable investment in the real economy, where long-term borrowing costs remain high, and banks are reluctant to take risks. Manufacturers’ debts are increasingly dwarfing their profits. The Thomson Reuters study found that in 2010, materials companies’ debts were 2.8 times their core profit. At end-2014 they were 5.3 times. For energy companies, indebtedness has risen from 1.1 to 4.4 times core profit. For industrials, from 2.5 to 4.2. Gao Hong, investor relationship principal at railway equipment maker Jinxi Axle Co (600495. SH), which has seen its debt-tocore profit multiple triple to 10.25 between 2010 and 2014, said the company struggled to find profitable capital projects to invest in, so put money into short-term bank products that guaranteed returns.
Tuesday, July 21, 2015
Japan’s Mitsubishi to make prisoners of war apology
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n executive from the Japanese company will make the apology to former POW James Murphy, 94, and the relatives of other one-time prisoners. The executive will express remorse at a ceremony at the Simon Wiesenthal Centre in Los Angeles, officials there say. Campaigners say it is the first formal apology by a Japanese firm to POWs. “We hope this will spur other companies to join in and do the same.” said Rabbi Abraham Cooper, associate dean at the centre. The apology in Los Angeles on Sunday is being made independently China President Xi Jinping of the Japanese government, officials “The risk for these (capital) say. They say that it is an important programmes is so high and the rate of return so low that we have to make the best decision for our investors (by) purchasing bank products. Last year, we made profits thanks to the sale of CNR shares,” said Gao. Much of the new lending is going to China’s notoriously inefficient state-owned enterprises (SOEs) as part of the government’s fiscal stimulus. “They are lending more to fund infrastructure projects, and some may be done by SOEs where leverage is increasing as a result,” said Tao Wang, UBS head of Chi- Mitsubishi na research.
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Fiat truck
ing a U.S. buyout fund and valuing the business at less than 2.5 billion euros ($2.7 billion), was rebuffed in June as FCA would not agree to sell for less than 3 billion euros, one of the sources said. Gualberto Ranieri, a U.S.-based spokesman for FCA, said Magneti Marelli is not for sale. Debt-laden FCA could sell the unit either in parts or in entirety, the sources said, adding that no final decision on a disposal had been taken. Magneti Marelli has often been
gesture ahead of the 70th anniversary of the end of the war in August. “Mr Murphy will represent all the American POWs who were put to labour in the then company’s mines in Japan,” a Mitsubishi spokesman told the AFP news agency. The mines operated at four locations run by Mitsubishi’s predecessor company, Mitsubishi Mining Co. Only two living survivors could be located to accept the apology, and, only Mr Murphy is fit enough to make the trip to Los Angeles, local media reported. About 500 American POWs were forced to work in the mines from among the thousands of allied, Philippine, Korean and Chinese prisoners who were pushed into slave labour by the Japanese.
Marks and Spencer clothing boss
Exclusive: Fiat Chrysler exploring $3.3bn sale John Dixon quits of auto parts unit Magneti Marelli iat Chrysler Automobiles (FCA) (FCHA.MI) is considering whether to sell its auto parts maker Magneti Marelli after receiving interest from potential buyers, according to sources familiar with the matter. At least two U.S. private equity funds are looking to team up with industry players and submit joint bids for Magneti Marelli, which supplies all major carmakers in Europe, the Americas and Asia, three sources told Reuters. A recent offer, by a group includ-
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touted as a takeover target. While FCA has always denied any interest in selling, the sources said the Italian-American carmaker had recently told interested parties it may reconsider its plans. The world’s seventh-largest carmaker currently has its hands full with a planned flotation of sports car maker Ferrari, slated for after mid-October, and any decision on Magneti Marelli would be taken after that, the sources said. Yet U.S. buyout funds have been working on the dossier for months, the sources said. “Letters are piling up on Fiat’s table,” one of the sources said. “We expect Chief Executive (Sergio) Marchionne to react to these approaches sooner rather than later.” A sale of the unit, which employs more than 38,000 and is present in 19 countries, could help FCA pay off some debt and fund a 48 billion euro investment plan. The plan could gain traction as Marchionne’s plea to merge with rival carmaker General Motors (GM.N) is so far falling on deaf ears.
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e took over running the clothing and homewares business in 2012 after starting out on the shop floor. M&S has battled to revive the division, most recent figures showed like-for-like sales down 0.4 per cent in the quarter, in contrast, food sales were up 0.3 per cent. Mr Dixon had been regarded as a contender to become M&S chief executive if Marc Bolland decides to leave. However, Steve Rowe, the head of food, is said to be a more likely successor. Mr Rowe will now assume re-
Dixon
sponsibility for the non-food business, while Andy Adcock steps up to become director of food. Retal analyst Nick Bubb said: “It is a shame that John is leaving, but it looks as if he was moving down the internal pecking order at M&S, having been given the thankless task of running M&S clothing. “It remains to be seen how far the current M&S food boss Steve Rowe, the internal favourite to replace Marc Bolland as CEO in due course, will be handicapped by taking on John’s difficult job.” Before running general merchandise, Mr Dixon had revived the fortunes of the company’s food division. He said he had “thoroughly enjoyed” his time at M&S. “I now have the opportunity to become a chief executive and have therefore resigned from this great company,” he said. Mr Bolland and M&S chairman Robert Swannell both thanked Mr Dixon for his contribution to the business. Mr Dixon’s total remuneration in 2014-15 was £1.1m, up from £939,000 in 2013/14.
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Tuesday, July 21, 2015
Bayelsa Shell’s Gas plant host community shuts oil field OSAHON JULIUS YENAGOA
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Students of Delta State University protesting the activities of crimals in the area, yesterday.
Investigate threat to aspirants’ life, group tells IG RICHARD NDOMA CALABAR
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group of concern Crossriverians of Monday charged the Inspector General of Police IG Solomon Arase to with immediate effect begin investigation into the threat to life of Cross River PDP Guber aspirant Mr. Joe Agi (SAN) with a view to arresting those found culpable. The group pointed out that it is only by so doing that those planing to carry out any assassination plot can be deterred. It could be recalled that Joe Agi, a plaintiff in the suit challenging the multiple age declarations of the governor of Cross River, Prof. Ben Ayade had last week alleged threats to his life from the governor. He had also petitioned the IG, alleging that the governor in connivance with Police Officers in zone 6 is doing everything to eliminate him. But Secretary General of Supreme Coalition, Cross River State initiative,who reacted to the allegation, Mr. Odu John Odu condemned in strong terms the allegations of threat on the life of Agi and stressed that, “If
what I have read that the Governor and PDP in connivance with the police are looking for means to eliminate Barr Joe Agi is true then the whole of Cross River State is in jeopardy” “It means that the Police who are supposed to be chief security agents are now coming to be chief destroyers, and then it would put us in total crisis.” The leader of the coalition charged the Police IG to look into the matter critically and ensure that whosoever is involved in such act is dealt with accordingly. “The IG should call the governor to order because as the chief security officer of the state he should not allow such things to be heard of him”.Odu said, “The Youths of Cross River State and the peace loving people of the state are following up this matter. We know where this is all coming. Joe Agi has the right to challenge what he thinks is not right in court and shouldn’t be intimidated. We are all equal before the law” Odu threatened that should anything funny happen to Agi, youths of the state will go on a street protest as a way of ex-
pressing their grievances.” If Joe Agi’s life is tempered with, we want to assure that PDP in the state and the State government that people would go on the street to protest. We will do everything possible to make sure such a thing does not even happen” Also speaking on the alleged threat to Agi`s life, was an ICT whizkid and renowned Public Affairs analyst in the state, Comrade Okoi Iwara described the threat as sad and unfortunate which according to him is coming at a time when Cross Riverians are supposed to live like brothers. Iwara called on security agents particularly the police not to treat the matter with kid gloves but ensure that those allegedly involved in the act are brought to book. While also reacting to comments made by former Chairman of Ikom local government, Barr. Ndoma Egodo concerning the perjury suit filed by Agi against the governor, he said, “Ogar Ndoma prevailing on Joe Agi to withdraw his suit against Governor Ben Ayade on account of sacrifice is an opinion of Egodo which is based on
sympathy looking at the lens of the law from the point of morality. “Joe Agi is not a greyhound in Cross River State politics; he is a senior advocate of Nigeria who believes firmly in justice, who believes in equity and fairplay in all ramifications of life. “Barr. Egodo would agree with me that law is not morality and the reason Joe Agi is in court is to contest the validity of the law based on evidence of numerous age declaration in the suit before Abuja federal High court praying his lordship to give interpretation to sections relevant to requirements of PDP Primary election has contained in the Party’s guidelines. “The truth must be told and the court will stop at nothing based on the evidence before it to make pronouncement come July 22, 2015” He also expressed delight that Egodo had alluded to the fact that PDP would have disqualified Governor Ayade in the first instance if Joe had brought the petition before the party. “I therefore urged Egodo to exercise patience while we wait for the court verdict”
he Shell’s Gbarain-Ubie Integrated Gas Plant located at Koroama community, Yenagoa local government area in Bayelsa state have been shut down by the host community and operations at the gas field have come to a stand still . The angry host are currently embarking on a protest to demand power supply from the power plant component of the facility as hundreds of youths, women, and elders of the community had blocked the access road to the facility and suspended ongoing work at the gas plant located in the community. Chief Sabu Martins , Paramount Ruler of Koroama in Yenagoa, Local Government Area in Bayelsa who addressed the aggrieved members of his community urged them to remain resolute until their aims were achieved. He said that the oil and gas endowed community suffered the adverse impact of gas flares and deserved supply of electricity generated with gas from the area to ameloriate their sufferings. He noted that that the protest had been ongoing for the past three weeks and resulted to forcing contractors to vacate the community until the oil firm gives a commitment to provide electricity for them. “Today I and my people, we are protesting to SPDC and to the federal government as well Koroama is a host community and has the largest proven gas and oil reserve in the entire Shell operations in this area. “We have agreed that we could die here if light, the only demand we have is not given to us, then Shell will never operate on our land, we have given them time to remove their things, we want government to intervene,” the Monarch said. Also addressing the protesting members of Koroama community , Miss Ankio Briggs, a Community Rights Activist noted that the demands of the people who host the gas plant was modest. “What I have I heard them say today is not different from what has been said for a very long time , what they are demanding in line with what Adaka Boro demand. “This story about host communities who I call the owners of the resources, , it is about self determination, it is about corporate social responsibility the demand is just and right.
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Tuesday, July 21, 2015
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Widow raises alarm over land dispute RICHARD NDOMA CALABAR
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Executive Secretary, National Christian Pilgrims Commission, Mr John Kennedy-Okpara (left) and Rivers State Governor Nyesom Wike, during a courtesy visit to the governor in Port Harcourt recently.
New Delta NIESV promises better welfare for members THEOPHILUS ONOJEGHEN WARRI
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he new Chairman of the Delta State Chapter of the Nigerian Institute of Estate Surveyors and Valuers, NIESV, Chief Efe Appih has promised to prioritise the welfare of members and reposition the association to meet its statutory function in the state. Speaking during his acceptance speech after he emerged chairman of the body weekend in Asaba, Delta State capital, Appih noted that the NIESV under his reign would witness speedy growth. He reiterated that fresh ideas would be injected into the state chapter while promising to open
a temporary take off office which will serve as secretariat to meet needs of members and the public. According to him also, the current Exco would provide the institution with website, functional e-mail accounts and a Facebook page to enable members have access to all that they needed to move forward. According to him, all policy decisions of the Council would be brought to the attention of Branch members for their information/contributions, adding that; “We plan to collectively source for local and national jobs for our members. We shall establish a Co-operative Society to assist ourselves and encourage savings, as obtainable in some
branches.” Appih posited further that the current Exco would provide the institution with website; functional e-mail accounts and a Facebook page to enable members have access to all that they needed to move the body forward. He said “We shall deliberately pursue and increase our membership strength and take us to our next level without unnecessary bottlenecks.” Chief Appih also promised to partner with vibrant branches and organizations to train members overseas at minimal costs (Group Visa). “We shall plan, arrange and embark on field trips and vacations for Branch members with
our families to places of our choice. We shall encourage the formation of Estate Surveyors and Valuers’ Wives Association as it was in the past and in other vibrant branches,” he stated. Those elected along Appih are Edna Emuakpeje (Vice Chairman), Reward Ugbomor (Secretary), Clement Ugwu (Financial Secretary), Ita Davis (Publicity Secretary), Godwin Konyefa (Treasurer), Ighorodge (Assistant Financial Secretary) and Sylvester Eboigbe (Assistant Treasurer). Others include Mudiaga Umunadi (Assistant Secretary), Chris Okolo, Richardson Osifo, R. A. Ndidi and Moses Ojor as Unofficial members.
Militants renew call for continuation of amnesty THEOPHILUS ONOJEGHEN WARRI
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ilitant youths from Ijaw extraction in the Niger Delta region have called on Presiden t Muhammadu Buhari to disregard calls for the scrapping of the amnesty programme saying that stopping the programme can destabilize the relative peace in the region. The former agitators acting under the umbrella body of Meinbutus Federated Communities, one of the frontline organizations that started the Niger Delta Struggle, yesterday, said it was particularly worried by the recent statement by Itsekiri youth leader, Chief Ayiri Emami who asked Buhari to scrap the programme.
In a statement issued by Hon. Andabofa Namah (Olabrakonpre Community), Comrade Turbos Demeteide (Ogbokone Community), Christopher Portua (Bolou Ama Community), Denco Moni (Leader, Meinutus) and Charles Mokena on behalf of the group berated those calling for the scrapping of the programme by Buhari. It particularly said Ayiri recent outburst was borne out ethnic hatred for the Ijaw Nation saying that the Itsekiri youth leader who recently defected to the All Progressives Congress after the presidential election, was not a very important person when it comes to Niger Delta struggle. The body of former armed carrying Ijaw youths maintained that in the heat of the struggle for
a better deal for the region, Ayiri was nowhere to be found as such has no justification for calling for the scrapping of the amnesty programme which was granted as a way of engendering peace in the region. The statement posited that Ayiri was only promoted by the government of Delta State under the leadership of James Ibori and Emmanuel Uduaghan to benefit from the efforts of those who fought for the region. It reads: “This has once again demonstrated Ayiri Emami’s hatred for the Ijaw people for obvious reasons. In the first place, the amnesty programme was designed for only ex-agitators in the Niger-Delta. It was not a programme for all comers. “However, upon the declara-
tion of amnesty and when Ayiri and his Itsekiri kinsmen saw the success of the programme, the Itsekiris under the umbrella of the Itsekiri National Youth Council (INYC) started agitating for inclusion of Itsekiri youths despite the fact that they were obviously not entitled to be included in the programme. “President Jonathan in his usual magnanimity approved 500 (five hundred) slots for Itsekiri youths out of which about 100 are at present doing Masters and Doctorate degree in the United Kingdom. “If the amnesty programme is stopped, who would pay the school fees of the Itsekiri beneficiaries in the UK? Would Ayiri pay for them or he wants all Itsekiri youths to be like him!
n 87-year old Widow,Mrs. Nkoyo Bassey has raised an alarm on the threats and name calling by authorities of the Mount Zion Light Gospel Full Gospel Church Abitu Avenue,Anantigha Community in Calabar South Local Government Area of the State. The aged widow accused the church of allegedly encroaching on her only piece of land,which could have been her only joy having lost her late husband to the cold hands of death. Mrs. Nkoyo Bassey raised alarm alledging that the church is treating to arrest her son with a view to sending both of them away from her piece of land so as to pave way for them to erect another another structure on the disputed parcel of land. ”They keep reigning abuses on daily basis each time they stand on their pulpit,branding me as a witch, yet they are on my landed property and at the same time threatening to maim me and my son (Imoh).This Is why am using this medium to call on His Excellency ,Prof Ben Ayade to wad into this matter least this people kill me and my son” Nkoyo pleaded. The embattled aged widow claimed she had done all that was necessary to make her persecutors obey the court order which restrains the church from further encroachment in her parcl of land but all that the church could do was to intimidate and oppressed her and her son because they feel she had no one to fight for her as her husband is late. “This people have been disturbing my peace, serenity and tranquility on daily basis with gien that several types of drums and tambourines are played in the afternoon and night which the old widow claimed had risen her blood pressure. But authorities of the. Mount Zion Full Gospel Light House stated that the piece of land was acquired from one of the monarchs in the area, Clan head late Chief Okokon Ambo and that the seller was no longer alive but investigation have revealed that the seller (Ambo) is still alive. Niger Delta Mirror made went out to ascertain if the clan Head in question was. Still alive. visited the “dead” Clan Head, Chief OIt was discovered that Chief Okokon Ambo was still alive and admitted that he was the one who did transaction for sale of controversial parcel of land and that he sold the land to the church because he owns the land by virtue of inheritance.
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Politics
Tuesday, July 21, 2015
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he ground running –Mohammed economy and even put a lot of pressure on the naira and I hope it is not a coincidence that between Monday and today the naira suffered about 11 per cent depreciation, at least in the parallel market. All what we are asking the government is that it should ask NNPC to account for all the monies it received within the period, especially in the area of dividends and other taxes paid by NLNG. We want to know where it was paid to and what it was used for.
There have been cries that the Buhari government should have hit the ground running, considering the massive support it enjoyed from Nigerians. What exactly is the reason for the slow pace of the Buhari administration? I want to say quickly that we are not slow. We are being deliberate, we are being painstaking and we are being thorough. You see the President places so much emphasis on competence, experience and above all integrity. If you are going to wage war against corruption, you must come in with three minds. You must make sure that you have people with very high level of integrity in the right places. Secondly, it is not correct that we are slow; on the average, between 1999 to date, it takes an average of 6-9 weeks for any administration to appoint its ministers. And these are administrations where either the President is succeeding himself or a party succeeding itself. This is the first time you have a root and branch transition and then given the need also to balance in terms of North-South dichotomy, in terms of Muslims-Christians, in terms of geo-political zones. It is important that whoever wants to do that, needs to be very careful. However, it appears to us that people have been so bent about the issue of ministers and appointments and they have failed to realise that this government is running very smoothly. You see, the President campaigned on three issues majorly: insecurity, economy and corruption. And I think if you examine each of these, he hit the ground running on all of them. Take security for instance, hardly was he sworn in when he commenced on shuttle diplomacy to Chad, Niger; called a meeting with of the Lake Chad Basin Commission comprising of Nigeria, Niger, Chad, Cameroon and Benin all in an attempt to strengthen cooperation in fighting Boko Haram. From there he went to G7 meeting, where again he took his request. And back home again, he called a meeting of ECOWAS and a meeting of the ECAS all in an attempt to isolate Boko Haram. So as we’re speaking today, the Multi-National Joint Task Force, MNJTF, that could not take off in six years is now taking off. As a matter of fact, until two days ago, the commander was a Nigerian. He is now the one that has become the Chief of Army Staff. It’s unfortunate that we have seen a spike, what we call random opportunistic bombing, because despite all these efforts, why is it that we have this spike in bombing and killings by Boko Haram? Anybody who has studied the insurgency phenomenon will understand that when an insurgency is on its way out like this, is in the throes of death. This is the way they behave. To start with, Boko Haram has been weakened in terms of organisation; it no longer hold territories. Before, it held key territories where it launched attacks, but today it has been dispersed, it has been dislodged, it has lost coordination. So, what you see happening now are lone wolves, who are now causing this havoc. We regret it and we sympathise with the victims and their families. But we want to assure Nigerians that the President is very much on top of this matter and he knows that the major failure of the previous government in tackling Boko Haram was lack of intelligence. That is why if you see today the appointment of the service chiefs and the NSA, about four of them are people with intelligence background. The NSA was first the Director of Defence Intelligence before he retired. Kayode Olonisakin was head of the Signals before he went to Minna. Morgan was in intelligence in the Air Force, and of course we have a new Director of Defence Intelligence. So coupled with all the support we have garnered from the international community and our neigh-
bours and the launching of the MNJTF at the end of this month and the fact that we now have professional intelligence officers in key military positions, I think it’s a matter of time and we will be able to blunt the effectiveness of the Boko Haram. And I’m happy that even the agenda of Mr President in Washington is corruption, insecurity and terrorism and the economy. So we just want Nigerians to appreciate that we are not leaving any stone unturned. In the area of economy, you see you cannot separate economy from corruption, because if there is corruption, it kills the economy. The idea that the President has abolished other accounts for a single account, I think is fantastic. It will help the economy. Also, I think the stimulus package that the President gives states and the Federal Government, because there are many states and federal parastatals that are not able to pay salaries. You see it is amazing that the PDP came up again and said there is nothing special about what the President has done; the money belongs to the country. Of course, but the same money was there and before Jonathan left, some states owed ten months salaries; why didn’t they use the money for that rather than using it for election? We have a Minister of Finance and Coordinating Minister for the Economy who didn’t even know what was going on in the oil sector. People are not paid salaries and Transformation Agenda Nigeria, TAN, was everywhere in Nigeria and most people are criticising the bailout and didn’t even see the other two aspects of the bailout, especially the refinancing of the loans of states in commercial banks. To me this is one of the major aspects of the bailout, because this will allow the states to meet their obligations. What the Buhari government is doing is that he is bringing to the table integrity, competence and transparency. And of course in the area of corruption you can see all of a sudden, the anti-corruption agencies have woken up. But honestly, there is nothing actually we have really done; we have not put anything down. We have not made any laws about corruption, yet the anti-corruption agencies are working. Like I earlier said, we have no Minister of Power but power has improved; we have no Minister of Finance, but the federal account has gone up because everybody is taking his moral compass from the leader. As a key actor in the governing party, there have been speculations that the immediate past President might face probe. Is there any plan to really look at the activities of the past government? What this government is going to do is that it does not want to be distracted by probes. It will not also interfere with activities of any agency either anti-corruption or judiciary or anybody. But this government does not believe in witch-hunting; however if any of the anti-corruption agencies decides to take up any of matter, it is within their powers and I don’t think this government is going to interfere. But what happens if there are glaring or clear cases of
We appeal to NigeriaNs to support this goverNmeNt. this goverNmeNt is goverNmeNt they caN trust. this goverNmeNt is a
goverNmeNt that Will make aNy sacrifice that is Necessary for the people
corruption, embezzlement, misappropriation? It is only Mr President that can answer that. If somebody asks me if Mr President hasn’t signed an agreement with the immediate past president, I will say only two of them know what they agreed upon. We are not party to that. But I think a lot of revelations will come up and it is left to the President to make decisions on such revelations. You alleged that there were collaborations between the PDP and Independent National Electoral Commission, INEC, officials in Rivers State over the petition going on presently at the tribunal. I want you to throw more lights on this. The truth is that when we went to tribunal in Rivers, of course just as any other political party is entitled to ask INEC to release documents for inspection. You are entitled to ask for certified true copy of documents you want to use as supporting evidence. But in this particular Rivers case, not even the order of tribunal has moved the Resident Electoral Commissioner, REC, the legal officer, who simply refused to obey the orders of tribunal and when a petition was even written and copied the INEC chairman, he instructed them, but they still disobeyed him and fact is on record that they should invite them for questioning. So we believe seriously that INEC that is failing in Rivers and some directors at the headquarters are working to frustrate the petition of our candidate. Having failed to obey court order, we now wrote both the IG and the DSS to come and enforce the order because they have refused to obey. So they quickly ran to the media that we are trying to arm twist tribunal. So what would the party do if the situation remains the same? We may have to ask our lawyers what to do. For me I don’t really know what relief we are going to ask for. But clearly they want to frustrate us so that the day 180 rules, the six months will catch up with us. That’s what they want, that’s what they are doing! On the final note, what’s your advice to Nigerians as we begin this era of change? We appeal to Nigerians to support this government. This government is government they can trust. This government is a government that will make any sacrifice that is necessary for the people and they should please don’t be dissuaded or discouraged by what I see as the bad mouthing coming from the PDP. When the President said he was cutting down his salary and that of his vice, it is symbolic. The idea is to let Nigerians know how committed they are to the Nigerian project and probably invite other people to emulate them. When the President turned down a request, an approval to spend N400 million on cars, he was setting a precedent. If the 36 states governors follow in his footsteps, we will be saving about N14.4 billion. I think we look at it from this point. And I want to assure you that this government is for real, it promised change and the change will come. So Nigerians should remain steadfast, should not be distracted and should not be discouraged. We want to welcome robust opposition, but when it becomes militant, when the opposition becomes perturbing and ridiculous, it must be ignored. I read they said they will not recognise the outcome of any election conducted by Mrs Zakari and I said that it’s childish and amateurish. You cannot invalidate an election on the grounds that one party or the other refused to recognise the validity of the result. There is a limit to opposition, it has to be reasonable. We want to assure Nigerians that no matter the rot we met, we will still endeavour to fulfill all our electoral promises.
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CONTINUED FROM PAGE13 to have worked assiduously to ensure victory for the APC in the last election in Kogi State. Apart from his posters which dotted the party secretariat in Lokoja, the former lawmaker seemed not to have declared his interest publicly. Sources however hinted that Senator Kadiri is still consulting. Political observers stated that the senator is too old for now and might not possess the agility to run around and withstand the rigours of governance.
Tuesday, July 21, 2015
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Battle for soul of Kogi commences
Senator Nicholas Yahaya Ugbane – APC
The two-term senator, who represented Kogi East senatorial district, was also a former Commissioner for Education. Ugbane started his political career with the defunct All Nigeria Peoples Party, ANPP and later defected to the PDP in 2006 to enable him win PDP senatorial ticket for the second term. He also contested the gubernatorial primary in 2011 and is returning to contest again under the APC. He stated that he was heeding to clarion calls of the good people of Kogi State to reposition the state. How Senator Ugbane would win largely depends on how wealthy he is presently to prosecute his gubernatorial ambition.
Kadiri
Bello
Habeeb
Olumoroti
Obadofin
Ali
believed to have good educational background and financial muscles to prosecute his ambition. He is out to prove a point.
Chief Lanre Ipinmisho - APC
Dr Onubaka Adinoyi-Ojo - APC
The former Managing Director of Daily Times of Nigeria, Dr. Adinoyi-Ojo is also jostling to contest for the governorship seat of Kogi State. Adinoyi-Ojo contested for the same position in 2011 under the platform of the PDP, but later withdrew for reasons best known to him. This time around he will have other contestants to contend with in APC. He has bill boards and posters dotting Lokoja and Okene landscapes.
Prince Rotimi Obadofin – APC
Prince Obadofin is a familiar face on the political terrain of the Confluence State. He has been there since the days of the Alliance for Democracy, AD, as gubernatorial candidate in 2007. He disclosed that he has offered himself for service of the state and this offering, according to him was borne out of the conviction that Kogi is a failed state and desires to be transformed to a higher pedestal. He lamented, in a chat with journalists in Lokoja, that Kogi State cannot be compared with any states created at the same time in August 1991. Obadofin is contesting on the platform of APC. The Lagos-based rights activist wants to bring his wealth of experience from Lagos and Osun states to bear on governance if given the mandate
Olushola George Olumoroti - APC
The Port-Harcurt based petroleum engineer is also a familiar face on the political scene of Kogi State. He belongs to group of young generation of politicians, who felt that many things have gone wrong in the state since its creation and there is urgent need to right the wrongs now. Olumoroti is believed to have a good financial background to prosecute his gubernatorial ambition.
Alhaji Yahaya Bello – APC
Alhaji Bello, who made foray into the murky water of politics as the chairman of Kogi APC Youth Arise Movement for Election of President Buhari, is now a force to be reckoned with in Kogi politics. Bello, young and very vibrant, has supporters that cut across the three senatorial districts of the state. He has been seen as a beacon of hope. The cross section of Kogi youths referred to him as the only bridge between the old and young generation, which they also called a generational change. A successful business man, he is
Suleiman Baba Ali – APC Baba Ali is a popular figure in Kogi politics. He was once a Commissioner of Health, during the defunct ANPP administration led by Prince Audu between 1999 and 2003. A young politician who believed that things are not going well with Kogi State, 24 years after its creation, thinks the time has come for a change that works. With good educational background and successful private business, Baba Ali believes he has what it takes to change the fortune of the Confluence State.
Dr Yaqueen Abdullahi Habeeb - APC Dr. Yaqeen Abdullahi Habeeb is renown academician cum banker who has been in underground politics for long time, He was former Personal Assitant to the former Minister of Industry, Chief Kola Jamodu. He recently told journalists that his decision to join governorship race was borne out of lack of meaningful development in Kogi state and has solution to Kogi problems. A first class graduate of Economic from ABU, Zaria said he likes proffering solution intractable problems confronting states like Kogi.
Chief Ipinmisho was the former Director National Drug Law Enforcement Agency, NDLEA, and is making foray into murky water of politics. He has expressed his willingness to contest the APC primary to effect change in the Confluence State. With him joining the gubernatorial race makes it number five from Kogi West senatorial district eyeing the exalted seat of the state.
Comrade Mohammed Ali - PDP Comrade Ali was former ALGON chairman for the 19 Northern states and former chairman of the largest local government in Nigeria, Dekina Local Government Area of Kogi State. Ali came to limelight as student union leader and was appointed Special Adviser on Student Affairs to former governor of the state, Alhaji Idris. He also contested the ticket for the House of Representatives’ seat for Dekina/Bassa federal constituency in 2010, on the platform of the PDP and lost. He became liaison officer for Dekina and won local government election in 2013 and was later impeached. Young Ali later became the youth chief campaigner for the former President, where he was said to have made fortunes. He is out to challenge Governor Wada during the PDP gubernatorial primary.
At the lAst count, no fewer thAn 20 AspirAnts hAve signified intention to contest the governorship on the plAtform of the
Apc in Kogi stAte
Prince Sanni Shuaibu - APC Prince Shuaibu is an Abuja-based communication expert. He is a familiar personality in Kogi politics. He contested for the House of Representatives’ ticket for Ankpa/Omola/Omaboro federal constituency in 2006 and 2010 respectively. He is out to right the wrongs in the state, if the delegates consider him fit for the job. Having transversed the nooks and crannies of the country, Prince believed that Kogi was not getting it right for now and there is need for change.
Colonel Ahmed Usman, rtd - APC Col Usman was military administrator of Oyo and Ondo states. He took a shot at the governorship in 2011 and he is out again to make a statement for the people of Kogi State that experience is the best teacher and that he still has much to offer. Meanwhile observers of political events in the Confluence State have continued to take cursory looks at the APC and expressed fears that too many aspirants look dangerous as it may tear the party apart on the long run, while they decried the lukewarm attitude of members of the ruling party, PDP, in showing no interest to contest governorship. Prior to this time, PDP used to have as many as possible aspirants, but only two are courageous enough to show interest in the governorship seat. More worrisome is that while aspirants have continued to emerge on daily basis on the platform of APC, other political parties have been silent over the gubernatorial election, despite that the electoral umpire, Independent National Electoral Commission, INEC, has fixed dates for both party primaries and gubernatorial elections in Kogi and Bayelsa states.
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Emerhor urges Christian-Muslim synergy for peace and unity
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chieftain of the All Progressives Congress, APC, and its gubernatorial candidate in the April 11 elections in Delta State, Olorogun O’tega Emerhor, has passionately appealed to Muslims and Christians in Nigeria to respect each other’s religion and not insult one another’s beliefs in the name of freedom of speech so as to avoid spread of hate. Emerhor in a statement by his Media and Political Communication Adviser, Dr. Fred Latimore Oghenesivbe, said Muslims and Christians are created by God/Allah with divine primary assignment to be agents of peace. He said the two pillars of Islam: the Holy Quran and the Sunnah promote love, peace, tolerance, freedom of belief and mutual understanding, adding that act of terrorism and killing of innocent people is strongly condemned in Quran: Surah Al-Inaam, verse 151. Positing that the Hadith is full of examples of Prophet Muhammed, peace be upon him, where he has shown love and affection even to perfect strangers, non-believers and enemies of Islam, Emerhor added that in the same token, Jesus Christ preached love, peace and tolerance, which is why freedom of belief and mutual understanding remains the only remedy to cure acts of terrorism,and promote global peaceful coexistence to secure a progressive future. In his Eid El-Fitr message, he congratulated the Sultan of Sokoto and President-General of the National Supreme Council for Islamic Affairs, NSCIA, His Royal Eminence, Anirul Munineen Sultan Muhammadu Sa’ad Abubakar III and Muslims all over the world on this auspicious occasion. He described the Sultan as a royal father with vast knowledge, wisdom and great virtue, urging Muslims in Nigeria to emulate his detribalised and patriotic qualities so as to take Nigeria to the next level of socio-economic development. Assuring that President Muhammadu Buhari will do everything and anything within his powers to put
Politics
Tuesday, July 21, 2015
an end to the Boko Haram insurgency, effectively and efficiently manage the human, material and financial resources of our nation to bring about positive socio-economic transformation that will restore the prestige and leadership role of Nigeria in the continent of Africa and in the global community, Emerhor said President Buhari needs the support of all Nigerians more than ever before to enable him cleanse the system and establish structures that will serve as pillars of national development. He said the fight against corruption and blocking of financial leakages are crucial to good governance, which is why Mr. President requires sufficient time to balance all equation for the benefit of Nigerians.
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APC-USA, Canada welcome Buhari to Washington Olajide OmOjOlOmOju
U
nited States of America and Canada chapters of the All Progressives Congress, APC, have joined all APC members in the Diaspora to welcome President Muhammadu Buhari to the US as the President began a state visit yesterday. In a statement by coordinator APC-USA, Francis John; chairman APC-Canada and Director-General, Buhari Diaspora Campaign Support Group Center, Prof Isa Odidi, and made available to National Mirror, will like to join All APC members in Diaspora, APCUSA and APC-Canada said that they were happy the visit took place, calling on all delegates on the entou-
rage to “take advantage of the opportunity presented by this trip to forge a mutually beneficial relationship between Nigeria and United State of America.” The statement further added: “We also like to commend Mr. President and his handlers for making time available to meet with Diaspora Nigerians in the Americas and Canada, despite his very busy schedule. “To this end, we like to call on Nigerians who will be present at the Town Hall Meeting scheduled for Tuesday at the Embassy between 06.00 pm and 08.00 pm to show their support with decorum during the parley with Mr. President. Reiterating to President Buhari that Nigerians in Diaspora are highly skilled and patriotic citizens with dip roots and connections
in the international communities where they reside with many holding citizenships in those communities, the statement added: “We call on Mr. President to tap from this ‘pool’ of Nigerians the much needed talents for nation building, which Mr. President has embarked on. “Nigerians in Diaspora are willing and able to offer spectacular services in all sectors of the Nigerian economy. Many of these Nigerians have been your ardent supporters for over a decade, culminating into an indefatigable support during your successful presidential electioneering campaign. These Nigerians are among the best fit for your government. They called on President Buhari to provide the opportunity for Nigerians in Diaspora to do for Nigeria
Anambra State Governor Willie Obiano (8th right) with state members of NIA, during their visit to the governor in Awka, yesterday.
what Indians and Chinese in Diaspora did for their countries, helping to leapfrog their countries into industrial, technological, economical and social utopia. The statement added: “Once again it is our pleasure to welcome Mr President and members of his delegations to Washington DC, among whom are: Yusuf Buhari, Governors Umaru Tanko Al-Makura, Adams Oshiomhole, Kashim Shettima and Abiola Ajimobi; Godwin Emefiele, Rotimi Amaechi, Senator Hadi Sirika, Ambassadors Paul Bulus, Ayodele Oke, Prof Isa Odidi, A.A. Musa, Lawal A. Kazaure and G.B. Igali; Alhaji Aliyu Ismaila, Aliyu Yahaya Gusau, Dr. Mahmud Mohammed, Pastor Tunde Bakare, Ismaila Isa Funtua, Mr. Femi Adesina, Dr. Suhayb Sanusi Rafindadi, Mohammed Sarki, Kalu Abba, Snr, Air Commodore N. B. Bali, Nura Rimi, Bashir Abubakar, Lt. Col. M. Lawal Abubakar, Abdulkarim Dauda, Yau Abdullahi, Adamu Sambo, Emmanuel Anrihi, Bayo Omoboriowo, Lawal Mato, Snr, Gbenga Folagbade and Shehu Lawal Abubakar. “Finally, we would like to thank President Barack Obama for inviting President Buhari and hosting him at the Blair House, the official state guest house for the President of United States. We wish both Presidents a successful deliberation and look forward to President Obama’s reciprocal visit to Nigeria in the near future.”
My political destiny not tied to Jonathan -Ikiogha OsahOn julius YENAGOA
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ormer President Goodluck Jonathan’s close ally and former Chief of Staff to the Bayelsa State governor, Chief Diekivie Ikiogha, has given reasons for leaving the Peoples Democratic Party, PDP, for the All Progressives Congress, APC, saying that his political destiny is not tied to the former President. Ikiogha had at an elaborate ceremony held at Community Second-
ary School, Kpansia open field, Yenagoa, along with many of his PDP faithful, embraced the APC. He was believed to be one of the brains behind the emergence of Seriake Dickson as governor in 2012, but indications of frosty relationship between Dickson and Ikiogha emerged when Dickson removed him in controversial circumstances as Chief of Staff, Government House, Yenagoa and redeployed him to Abuja liaison office. Ikiogha said notwithstanding his friendship
with Jonathan, he had decided to jump into the ship of the APC to chart a new political course for himself. Asked why he left the PDP for another party when Jonathan was still in PDP, Ikiogha said: “Maybe people are getting it wrong or they are looking at it from a different point of view. Well I do not have anything with former President Jonathan. “Our relationship (Jonathan and I) remains very cordial and I feel that my political destiny is not
tied to anybody. It is not tied to friendship; it is not tied to even my wife or my mother or my father. Yes, here is a man that we started together, we have been able to raise him to the level of the President and he has finished what he needed to do and has come back home. Must I not chart my political course?” He said he left the PDP because it was full of deceits and betrayals as well as lacking in internal democracy. On the forthcoming governorship election in
the state, the APC leader, who is one of the top aspirants, said the APC would trounce the PDP, irrespective of whether the PDP fields Dickson or not. He also spoke on his relationship with the state party leader, Timipre Sylva, saying both have cordial relationship, adding: “You are aware that I served under Sylva as commissioner twice. He left for APC and for me to go back to APC means that we are cordial. We are good. We are birds of a feather, that is why I should go where he is.”
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Politics
Olajide OmOjOlOmOju
U
nless the rule of law is restored in the eighth Senate, the foundation of impunity and double-talk being played out in the current Senate is capable of derailing the Muhammadu Buhari administration This is the submission of Senator Barau Jibrin, APC Kano, in an open letter to the Deputy Senate President, Senator Ike Ekweremadu and Senator Muhammed Danjuma Goje, made public in Kano yesterday. Senator Jibrin, a former chairman, Appropriation Committee, House of Representatives, regretted that “the Saraki-Ekweremadu group in their desperate political ambition, which manifested few days before the June 9 betrayal, suddenly turned upside down time-tested values of democracy and leadership they had professed publicly and privately. He recalled in the letter how Senator Ekweremadu, in a paper titled “Leadership in the National Assembly” presented in Abuja at the Induction Certificate Course on Legislative Studies for the eighth National Assembly held on April 27, had espoused party supremacy, particularly as
Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
Senate impunity, threat to Buhari govt, democracy –Jibrin it affects the appointment of principal officers of the Senate. He said Ekweremadu had said inter-alia: “The offices and functions of officers of the Senate, for instance, are enumerated in Chapter 6 of the Senate Standing Orders. Thus, in addition to the presiding officers captured therein, Sections 25 to 32 provide for the following offices: Majority/Senate Leader, Minority Leader, Deputy Majority Leader, Deputy Minority Leader, Majority/Chief Whip, Minority Whip, Deputy Majority Whip and Deputy Minority Whip. “However, whereas the entire members of the House elect the presiding officers, whether in the Senate or the House of Representatives, the above listed offices are party affairs and are supplied by the affected parties, accordingly. Generally, as the titles imply, the posts of Majority Leader, Deputy Majority leader, Majority/Chief Whip, and Deputy Majority Whip are supplied by the party with majority mem-
bers in each house of the National Assembly while the reverse is the case for Minority Leader, Minority Whip and their deputies.” Jubrin said: “But lately you made an unfair remark that the National Assembly was not a party secretariat when our great party insisted that its supremacy and wishes in the matter of who occupied leadership position be respected.” He said this is not only the flouting of the rules concerning the party’s latitude to present the leadership of its Senate caucus that Senator Ekweremadu has provided support for, but he has also provided support to Senator Saraki to flout the ranking rule in the legislature, unlike what he explained at the same public gathering inter alia that in ranking rule: “both the
House and Senate Standing Orders lay emphasis on legislative experience. In the Senate for instance, Order 2 provides that nomination of senators to serve as presiding officers and appointments of principal officers and other officers of the Senate or on any parliamentary delegations shall be in accordance with the ranking of senators. “In determining ranking, the following order shall apply: senators returning, based on number of times re-elected; senators who had been members of the House of Representatives; senators elected as senators for the first time. “This rule, though not law in itself, is a parliamentary norm, even in the United States of America and has been variously upheld by the courts. It is protected by
Section 60 of the 1999 Constitution.” Senator Jibrin, who chairs the Publicity Committee of the Senate Unity Forum, SUF, submitted that the parlous situation foisted on the Senate by impunity and double-talk will persist until “we see to it that the rules you have enjoined others to breach are asserted.” He advised Senators Saraki and Ekweremadu that “as they remain in the eighth Senate wanting to make laws for the people of Nigeria, they must themselves obey the rule of the game.” On Senator Goje, a former governor of Gombe State, Jubrin said he could not understand his sudden change from being an adherent of rule of law and party disciplinarian. He said: “Senator Goje told me among others at the Aminu Kano House at
Asokoro, Abuja before the purported inauguration of the eighth Senate what we already knew, that the appointment of principal officers of the Senate is the purview of the concerned political parties that have their members in the Senate guided by ranking rule of the Red Chamber. “But I was surprised to hear Senator Goje insisting on the floor of the Senate that the so-called zonal caucuses are the ones that should appoint the principal officers instead. I wonder which part of the Senate Standing Order Senator Goje relied on to make his assertion, as I know that neither the extant Senate Standing Order 2011 as amended nor the forged one, currently being used by the Senate contains the position that is being canvassed by Senator Goje.”
APC’s mission is to rescue Nigeria –Ondo Rep OjO Oyewamide AKURE
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member of the House of Representatives representing Idanre/Ifedore federal constituency of Ondo State, Bamidele Samson Baderinwa, has called on Nigerians to be patient with the government of President Muhammadu Buhari. Baderinwa said the prime mission of the All Progressives Congress, APC, government was to develop the country and not to further plunder it. He spoke yesterday while flagging off the rehabilitation of a major road linking Ero town in Ifedore Local Government Area with the Akure-Ilesha expressway. The road project, which is about 1.4 kilometres, is sponsored by the lawmaker and will cost about N2.8 million. Baderinwa promised to embark on more community projects across the federal constituency to commemorate his 100 days in office in October.
He said: “The APC government has come to build, not to destroy. So, Nigerians should be patient with the present federal government. “The glory of a king is the welfare of his people. We cannot continue to watch while our people suffer. This road has been in a sorry state due to its neglect by past and present governments. “Numerous potholes and gullies have rendered it impassable for motorists. And this has made life hellish for people living in the town. It was the unpleasant situation that drew my attention.” He said other projects billed to commemorate his 100 days in office include free health care services, empowerment programmes for youth, women, old people and farmers. Others are provision of potable water through boreholes and extension of rural electrification, which will be equitably distributed among all the communities in the federal constituency.
L-R: Special Adviser to Rivers State Governor on Media, Mr. Opunabo Inko-Tariah; Commissioner for Justice and Attorney-General of the state, Mr. Emma Aguma and Mr. Shadrack Akalokwu, during a news conference on the judgment of the National Industrial Court on the sacked 23 local government chairmen and Rivers Government in Port Harcourt on Monday. PHOTO: NAN
Associations endorse APC guber aspirant wale ibrahim LOKOJA
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head of All Progressives Congress, APC, governorship primaries in Kogi State, groups, associations and stakeholders have endorsed Prince Sanni Shaibu for the governorship ticket of the party. Prince Shuaibu may create upset in next month primary of the party as different associations, including delegates across the 17 councils of the state have endorsed his candidacy. In a ceremony that was attended by stakeholders,
party stalwarts and elders of the party in the state, the delegates and associations’ leaders pledged to rally round Prince Shaibu to pick the party’s ticket for the November 21 gubernatorial election. According to the spokesperson of the group, Hon. Yusufu Ahmed, the associations have been watching the activities of the prince with keen interest, and resolved to throw their weight behind him to lead the party and the state to its desired glory. He said the state needs a vibrant, consistent and successful businessman in the mould of Prince Shaibu
who has international connection to pull the state out of its present doldrums, adding: “We are tired of promise and fail, which has been the stock of trades of the past leaders.” The associations, he said, believe that the only way out for the state to take its place in the comity of great states is a generational change of power, not recycling of the older generations who brought the state to its present sad situation. Ahmed added that the only person who can handle this onerous task and give the state the colour of development it requires presently is Prince Shaibu,
whom they said had assisted many states out of their challenges in the past. Receiving the group, Prince Shaibu commended them for their support, saying that he has been under intensive pressure of meaningful and enlightened community of Kogites to contest and bring his experience to bear and develop the state. He said having obliged to their request; he is assuring the people of the state that he will strive to bring the state to the status of civilised world; even as he said he has already developed his blueprint to that effect.
National Mirror www.nationalmirroronline.net
Capital Market
Tuesday, July 21, 2015
47
Lion’s Head, United Capital to manage local bond fund Johnson okanlawon
L
ion’s Head and United Capital Asset Management have been appointed fund managers for Africa Local Currency Bond Fund, ALCB, stablished by KfW on behalf of German Federal Ministry for Economic Cooperation and Development. A statement from the firm said the ALCB Fund’s mission was to support local African banks, financial institutions, agribusiness, and renewable energy companies to issue bonds and similar instruments in local currency. It explained that the Fund
aims to improve and diversify access to long term funding in domestic capital markets for the benefit of Micro, Small and Medium-sized Enterprises, MSMEs. The Chairman, Lions’ Head, a merchant bank based in London and Nairobi, Bim Hundal, was quoted as saying that the ALCB Fund as the latest innovative vehicle to be established by the group, following similar initiatives in microfinance, agri-finance, interbank lending and foreign exchange hedging. He said, “Lion’s Head is known for financial innovation and pushing boundaries in the markets in which we operate and KfW has a long
track record of promoting local financial sector development in Africa. “We are excited to add the ALCB Fund to our asset management platform. It exemplifies our commitment to bringing about change through the use of targeted, financially viable investment strategies.” According to the statement, United Capital and Lion’s Head will be expected to implement an institutional upgrade, grow the fund to a size beyond $100m in the medium term. The Group Chief Executive Officer, United Capital, Oluwatoyin Sanni, was
quoted as saying, “It is an honour to be selected as fund managers alongside Lion’s Head in the management of the ALCB Fund. This further validates our capability and service proficiency strength at United Capital.” The Deputy Group Chief Executive Officer, Mr. Wale Shonibare, who is also the Managing Director, Investment Banking, United Capital, said, “At United Capital, we are focused on delivering high impact innovative investment strategies for our clients. KfW has taken the first step in establishing the fund to invest in local currency bonds in Africa.
Transcorp agribusiness invests in extraction tech Johnson okanlawon
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ransnational Corporation of Nigeria, Transcorp, has announced that its agribusiness subsidiary Teragro Commodities Limited has acquired and installed extraction cup technology. A statement from the company said the new technology will instantly enabling the company to deliver superior quality juice concentrates that meet international quality standards. It quoted Teragro Chief Executive Officer, Mrs. Dupe Olusola, as saying that the extraction cup revolutionizes its production process and
ensures that concentrates it produces will pass even the most stringent international standards. “This investment elevates us to the top of local concentrate producers and ensures that Teragro is able to compete with any international concentrate producer from Spain, Brazil, the United States and more,” the statement added. It explained that Teragro processes orange and pineapple concentrates, mango purées and orange-peel oil for industrial markets in a 26,500mn TPA capacity plant called Teragro Benfruit Plant in Benue State. The statement explained
that the technology will help Teragro products meet international quality standards through tests conducted in International labs in Brussels and France, the new technology increases the capacity of Benfruit Plant. The Chief Executive Officer of Transcorp, Mr. Emmanuel N. Nnorom stressed the importance of the investment for Teragro, saying, “We have received positive commendation from our biggest customers. The acquisition represents a clear commitment to meeting their requirements and ensuring that the country’s largest beverage manufacturers have local suppliers with the highest
quality products on offer.” He said that Teragro is committed to alleviating poverty, creating employment and economic growth through investment in agriculture. The company recently signed a memorandum of understanding (MoU) with the Benue State government to lease land to establish citrus farms with improved varieties of citrus fruits and to diversify crops. In addition, it continues to invest in capacity building for farmers as part of its Afri capitalist commitment to doing well for investors, while doing good for the community.
US stocks edge higher as earnings boost confidence
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he United States stocks were slightly higher in late morning trading yesterday, as better-thanexpected earnings from big companies overshadowed a fall in commodities. Shortly after trading began, the tech-heavy Nasdaq composite added to its gains from last week and touched a record for the third straight day as investors shift focus to earnings from concerns surrounding Greece and China. Gold prices plunged as much as four per cent to their lowest in more than five years while copper prices hit their lowest in nearly two weeks. Oil prices fell too on signs of a growing glut in refined products.
The dollar index was up marginally at $97.87. It had earlier hit a three-month high due to expectations of a Federal Reserve rate hike this year. “The commodity markets are lower which is a concern because if those prices fall then economic growth isn’t as strong as we thought,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. On Friday, strong earnings from Google pushed the tech-heavy Nasdaq to a record close, which gained 4.3 per cent for the week, its largest weekly gain since October while the S&P 500 stopped just short of its record high. Tech earnings will con-
tinue to be in focus this week pected to have fallen 2.9 per with IBM reporting after the cent, according to Thomson close yesterday and other big Reuters estimates. tech giants such as Apple, YaRate (%) hoo and Microsoft expected to Inflation 8.2 report later this week. 13 Of the companies that have MPR reported earnings so far, 71 per Crude oil price $58.96 cent have reported earnings above analyst expectations, Exchange Rates (N) above the 63 per cent that typi- WAUA 270 cally beat in a quarter. USD 196.95 However, only 51 per cent 214 have beaten on revenue, below EURO CFA 0.32 the 61 per cent. US companies were expect- YEN 1.64 ed to post their worst sales deSWISS 202 cline in nearly six years in the FRANC second quarter, in part due to POUNDS 293 the strong dollar that reduces STERLING the value of US companies’ SDR 273 overseas income. Profit is ex-
Source: NSE
Inter-Bank Rate Naira
US Dollar
$1
N196.95 Market indicators All-Share Index 31,628.20 points Market capitalisation 10.8trn
Stock Updates GAINERS COMPANY
OPENING
CLOSING
CHANGE
% CHANGE
UNITYBNK
2.35
2.46
0.11
4.68
LIVESTOCK
2.03
2.11
0.08
3.94
CAVERTON
3.42
3.55
0.13
3.80
AFRIPRUD
2.70
2.79
0.09
3.33
UACN
40.01
41.30
1.29
3.22
NEM
0.67
0.69
0.02
2.99
PORTPAINT
5.00
5.10
0.10
2.00
MANSARD
2.75
2.80
0.05
1.82
7UP
189.00
189.00
2.75
1.48
SEPLAT
330.11
335.00
4.89
1.48
CHANGE
% CHANGE
LOSERS COMPANY
OPENING
CLOSING
AGLEVENT
1.40
1.33
-0.07
-5.00
FLOURMILL
32.30
30.69
-1.61
-4.98
HONYFLOUR
3.23
3.07
-0.16
-4.95
UBN
8.91
8.47
-0.44
-4.94
OANDO
14.68
13.96
-0.72
-4.90
EVANSMED
0.83
0.79
-0.04
-4.82
CWG
3.98
3.79
-0.19
-4.77
CONTINSURE
1.10
1.05
-0.05
-4.55
TRANSEXPR
1.44
1.28
-0.06
-4.48
ACADEMY
0.95
0.91
-0.04
-4.21
FGN Bonds
Bid
Description
Offer
Price
Yield
Price
Yield
13.05 16-AUG-2016
1.10
98.72
14.31
98.87
14.16
15.10 27-APR-2017
1.80
100.70
14.60
100.85
14.51
16.00 29-JUN-2019
3.97
103.05
14.95
103.35
14.85
15.54 13-FEB-2020
4.60
101.90
14.94
102.20
14.85
16.39 27-JAN-2022
6.55
105.79
14.97
106.09
14.90
14.20 14-MAR-2024
8.68
96.31
14.96
96.61
14.90
Closing Market Prices of July 10, 2015
Treasury Bills Maturity Date
Bid
Offer
15-Oct-15
13.57
14.07
7-Jan-16
13.24
14.17
2-Jun-16
12.85
14.52
NIBOR Tenor
Rate (%)
O/N
14.7500
1M
14.1621
3M
15.9148
6M
16.6935 The Fixings of July 13, 2015
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Capital Market
Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
Stock exchange daily equities summary Equities as at July 15, 2015 1st Tier Securities
1st Tier Securities Sector
Company name
No Of Deals
Quotation(N)
Quantity Traded
Value of Shares(N)
Sector
Company name
No Of Deals
Quotation(N)
Quantity Traded
Value of Shares(N)
Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
49
Community Mirror Our government came into being through the combination of Peter Obi and Victor Umeh on one side and the people on the other, but unfortunately Obi left us. So, we are willing to welcome anybody who wishes to return, including Obi. –Governor of Anambra State, Willie Obiano
Child trafficking: Immigration officers’ wives take campaign to traders Patience ogbo
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ampaign against child trafficking and child abuse received a boost in Lagos State by Immigration officer’s wives, urging women to desist from child trafficking. Women under the aegis of Immigration Officers Wives Association, IMMOWA, went
to Asejere fish market at Makoko area of the state, where they met with traders and fishermen. Lagos State Comptroller of Nigeria Immigration Service, Mrs. Justina Aladi Ahmadu, was at the market to give first hand information on the danger of child trafficking and child abuse. She said, “The Nigeria
Immigration Service is concerned about the ugly trend of child trafficking and child abuse. It is in this regard that we decided to visit the market to enlighten women on the danger of child trafficking and child abuse. “We also educated them on the need to engage in healthy life style and family planning. We also sensitize them on the need to keep their children in school and they should stop using their children as hawk-
ers. We also encouraged them to have a family size they can cater for so that poverty will not push them to giving their children out as domestic workers where they can be abused and even trafficked out of the country to work as prostitutes. We condemn child labour and everything that diminishes the potentials of children”, she added. Mrs. Ahmadu also used the occasion to enlighten the traders to have valid travel documents, saying that anyone who is not a Nigerian should go back to their country and get a valid passport. “You are enjoined to get the ECOWAS travel certificate or na-
tional passport. You must come through the authorized routes and before your business in Nigeria, you should apply for resident’s card” she said. Also speaking at the event, the Acting Chairperson of IMMOWA, Mrs. Theresa Nkechi Ohumaegbulam, stated that the Immigration Officers wives will take the campaign against child trafficking to other markets in the country adding that the turnout was impressive. The traders expressed joy at the enlightenment campaign as they said the campaign was timely and impacted them positively.
APC chieftain makes case for Christian headship of Yaba LCDA Dare akogun
F A taxi driver conveying loads of animal hide at Ojaba, Ogbomosho, Oyo State. PHOTO: ABIOLA ABDULHAMMED
Man in court for defiling 13-year-old Dare akogun
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75-year-old man identified as Gabriel Nwakama, has been arraigned before an Ikeja Magistrate’s Court in Lagos for allegedly defiling a 13-year-old girl. Nwakama, who resides at 4, Oloosa-Oke Street, Ogundimu, in Iju-Ishaga area of the state, is facing a twocount charge of assault and defilement. While testifying in court, the prosecuting officer, Rachael Williams, said the
75-year-old man lured the girl into his room while she went to fetch water in his compound where he allegedly defiled her. “The accused covered her mouth and defiled her. He told the innocent girl not to tell anyone, else he would kill her. “Out of fear, the girl kept quiet when she got home but the mother who suspected foul play threatened to beat her if she did not tell her what happened,” she said. “The girl finally opened up three days after and the accused was arrested.’’ According to Williams, the
suspect committed the offence on July 12 in the defendant’s apartment. William told the court that the offence contravenes Sections 135 and 137 of the Criminal Law. The accused however pleaded not guilty to the charge preferred against him. In his ruling, the Chief Magistrate, Tajudeen Elias consequently granted Nwakama bail in the sum of N500, 000 with two sureties in like sum. Tajudeen subsequently adjourned the case till July 22.
or equity and fair play to be seen as preached in this dispensation of ‘change,’ the All Progressives Congress has been urged to support a deserving Christian to head the Yaba Local Council Development Area. An APC chieftain, Samuel Adebanjo, made the plea while speaking to newsmen in Lagos, pointing out that since creation of the council no Christian has been given the privilege and support by the ruling party in the state to be the chairman. Adebanjo, who was MD/CEO, Gallant Systems, pointed out that it is no longer a secret that the underground electioneering campaigns for the chairmanship position of the various local government seats in Lagos State have already commenced. According to him, from the first chairman of the council, Prince Kayode Olowu, till the immediate past chairman, Mr. Jide Jimoh, are all Muslims even though we have two predominant religions, Christianity and Islam, who make up the party. “I will not like to be misquoted in this contest, what I am insinuating here is that Christians have been marginalised by the leadership of the party because I personally believe that the Muslims
Adebanjo
are more active in partisan politics than their counterparts (my personal opinion) or maybe I should have said ‘in the West’ or in the constituency Yaba LCDA. “My final submission here is that justice and equity regarded as equality before the law is not an abstract ideal but it should be demonstrated in our human relationships and tolerance for one another’s feelings. This is why I absolutely believe that the two sides of the coin should be seen as equal,” he added. “While we wait to see and know the gladiators vying for the chairmanship positions in Lagos State without being biased, I pray the APC leadership in Yaba LCDA gives the party ticket to a deserving Christian, who is filled with the spirit of excellence, the opportunity and support to steer the affairs of the LCDA in the next dispensation,” he prayed.
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Tuesday, July 21, 2015
World News Long queues as Greek banks reopen
51
What threatens us is not an excess of Europe but its insufficiency. –FRENCH PRESIDENT, FRANCOIS HOLLANDE
Bird flu spreading across W’Africa, spillover feared, UN warns Paul arhewe,
WITH AGENCY REPORTS
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highly contagious strain of avian flu is spreading across West Africa, decimating poultry farms and stoking fears the virus will jump from birds to humans, the U.N.’s food agency warned yesterday. Markets and farms in Nigeria, Burkina Faso, Niger, Ivory Coast and Ghana have been hit with the deadly H5N1 virus over the past six months, the U.N.’s Food and Agriculture Organization (FAO) said. If the virus continues to spread, it could affect more than 330 million people across West Africa, hurting food security and human health in a region still recovering from the Ebola crisis. “Urgent action is needed to strengthen veterinary investigation and reporting systems... to tackle the disease at the root, before there is a spillover to humans,” Juan Lubroth, head of the FAO’s animal health division, said in a statement. In Nigeria alone, 1.6 million birds have been killed by the virus or culled to stop its spread
Medical practitioners examining a chicken for bird flu virus
since last year, the FAO said, damaging the economy and robbing citizens of a relatively cheap source of protein. H5N1 bird flu first infected humans in 1997 in Hong Kong. It has since spread from Asia to Europe and Africa and has become entrenched in poultry in some countries, causing millions of poultry infections and several hundred human deaths.
Other West African countries including Benin, Cameroon, Mali and Togo have not identified bird flu cases and need to continue monitoring the situation to help prevent its spread, the FAO said. Local veterinary officials have been urged by the U.N. to try to trace where infected animals were sold to find sources of the outbreak in order to halt its
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Habre does not recognise the court and was brought there by prison guards. Waiting for the trial to open, the former Chadian leader shouted: “Down with imperialists. [The trial] is a farce by rotten Senegalese politicians. African traitors. Valet of America”. There were scuffles in court as some people chanted their
support for Habre Habre was taken out of the courtroom and the trial began without him. He then refused to come in after the break that followed the opening statements, and the trial has been suspended until Tuesday when the judges ordered that Mr Habre would be forced to attend.
Security personnel surround former Chadian dictator Hissene Habre inside the court
AFRICA BULLETIN
Last four Ebola cases in Liberia discharged The last four cases of Ebola in Liberia were discharged from a treatment clinic in the capital of Monrovia yesterday, meaning there were no more confirmed carriers of the deadly virus in the West African country. The group of four, released from the ELWA treatment unit to cheers and applause, were part of new wave of Ebola infections in Margibi County just outside Monrovia discovered in late June. Two other confirmed cases have since died, including the sister of one of the released patients. “The (Ebola treatment unit) is not a death camp; you can come here and survive,” said Tolbert Nyenswah, head of Liberia’s Ebola response. “This is what we can demonstrate even if Ebola comes back.”
France delivers first batch of fighter jets to Egypt spread. Poultry production has grown rapidly across West Africa in the past decade, the Ivory Coast alone has seen output expand by more than 60 percent, but regulatory systems haven’t kept pace, the FAO said. The organization is asking donors for $20 million to respond to the avian flu outbreak and to help prevent its spread.
Chadian former dictator, Habre, removed from Senegalese court
had’s former President Hissene Habre has been removed from the courtroom at his trial for crimes against humanity. He shouted that the process was “a farce”, as he was waiting for proceedings to begin. The trial in Senegal’s capital, Dakar, marks the first time one African country has prosecuted the former leader of another. Habre denies being responsible for hundreds of deaths during his rule from 1982 to 1990. The trial follows a 25-year campaign to bring him to justice. Many of Habre’s alleged victims have been calling for it since his overthrow and exile in Senegal in 1990. Parallels were later drawn with the attempts to get the former Chilean military leader Augusto Pinochet extradited and put on trial for crimes against humanity in Spain in 1998.
National Mirror www.nationalmirroronline.net
Victims of Hissene Habre’s regime have waited 25 years to have this day in court. Many doubted that Mr Habre would even show up, as up to now he had refused to cooperate with the court, but he did appear, albeit briefly, surrounded by a dozen security guards. Despite the scuffle that took place inside the court-room as he was removed, the trial started on time and the first 100 witnesses are in Dakar waiting to give evidence. The African Union requested that Senegal establish this court so that Mr Habre would be tried “on behalf of Africa”. As many see the International Criminal Court as unfairly pursuing African leaders, this trial is a step towards creating grounds for credible international justice in Africa. This is a huge opportunity to show that Africa can hold its leaders to account.
Egypt on Monday took delivery of three Rafale fighter jets from France, the first of 24 warplanes sold in a 5.2 billion euro ($5.6 billion) deal earlier this year. Egyptian authorities took charge of the planes at an air base in southern France, and they will be flown to Cairo by specially trained pilots today. Cairo is hoping to boost its military presence as it faces an unstable Libya to the west and threats from militants linked to the Islamic State group in its Sinai Peninsula to the east. For Egypt, the agreement is also a show of support for President Abdel Fattah al-Sisi, who overthrew his Islamist predecessor in 2013 and wants to break a US monopoly over arms sales to Cairo.
Italian construction workers kidnapped in Libya Four Italian construction workers have been kidnapped in Libya, the Italian foreign ministry has said. They were abducted near a compound owned by Italian oil and gas group Eni in the western Mellitah area, the ministry said. Italy closed its embassy in Libya in February, calling on Italians to leave because of the dangers to foreigners. The country is beset with warring factions four years after the civil war that ousted leader Muammar Gaddafi. The foreign minister Paolo Gentiloni told Italian media on the sidelines of a meeting of EU foreign ministers that it was difficult to speculate about who was responsible for the abduction at this stage.
National Mirror www.nationalmirroronline.net
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reece reopened its banks and ordered billions of euros owed to international creditors to be repaid yesterday in the first signs of a return to normal after last week’s deal to agree a tough new package of bailout reforms. Customers queued up as bank branches opened for the first time in three weeks yesterday after they were closed to save the system from collapsing under a flood of withdrawals. Increases in value added tax agreed under the bailout terms also took effect, with VAT on processed food and public transport jumping to 23 percent from 13 percent. The stock market remained closed until further notice. The bank closures were the most visible sign of the crisis that took Greece to the brink of leaving the euro earlier this month, potentially undermining the foundations of the single European currency. Their reopening followed Prime Minister Alexis Tsipras’ reluctant acceptance of a tough package of bailout demands from European partners, but a revolt in the ruling Syriza party now threatens the stability of his government and officials say new elections may be held as early as September or October. “It is positive that the banks are open, though the effect is psychological for people more than anything else,” said 65-year-old pensioner Nikos Koulopoulos. “Because to be honest nothing much changes given the capital controls are still in place,” he said. Limits on withdrawals will remain, however -- at 420 euros ($455)per week instead of 60 euros per day previously -- and payments and wire transfers abroad will still not be possible, a situation German Chancellor Angela Merkel said on Sunday was “not
World News 51
Tuesday, July 21, 2015
Long queues as Greek banks reopen
People waiting to enter a Piraeus Bank branch at the city of Iraklio in the island of Crete, Greece, yesterday.
a normal life” and warranted swift negotiations on a new bailout, expected to be worth up to 86 billion euros. “Capital controls and restrictions on withdrawals will remain in place but we are en-
tering a new stage which we all hope will be one of normality,” said Louka Katseli, head of the Greek bank association. Greeks will be able to deposit cheques but not cash, pay bills as well as have access to safety
UN Council supports Iran nuclear deal
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he U.N. Security Council yesterday backed Iran’s nuclear agreement with world powers but the Islamic Republic’s Revolutionary Guards attacked the resolution, underlining powerful opposition to the deal. U.S. President Barack Obama hailed the United Nations endorsement, saying it showed last week’s accord commanded broad international support as the best way of ensuring Iran never gets nuclear weapons. The European Union also ap-
proved the deal, which curbs Iran’s nuclear program in return for easing economic sanctions, while Germany rapidly moved to revive its once close trading relationship with Tehran. At the United Nations, the Security Council unanimously adopted a resolution that was negotiated as part of the agreement reached in Vienna between Iran and the six powers. In return for lifting the U.S., EU and U.N. sanctions that have crippled its economy, Iran must
Suspected ISIS suicide bomber kills 28 in Turkey
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suspected Islamic State suicide bomber killed at least 28 people, mostly young students, in an attack on a Turkish town near the Syrian border yesterday. Television footage showed bodies lying beneath trees outside a cultural center in the mostly Kurdish town of Suruc in southeastern Turkey, some 10 km (6 miles) from the Syrian town of Kobani where Kurdish fighters have been battling Islamic State. The blast tore through a group of mostly universityaged students from an activist group as they gathered to make a statement to the local press about a trip they were planning to help rebuild Kobani. The Hurriyet daily said the attacker was an 18-year old woman, but there was no confirmation. “Our initial evidence shows that this was a suicide attack
deposit boxes and withdraw money without an ATM card. Bankers said there may be minor disruptions after the extended interruption to services but said they expected services to resume largely as normal.
by Islamic State,” one senior official in Ankara told Reuters. A second official also said Islamic State appeared to have been responsible and that the attack was a “retaliation for the Turkish government’s efforts to fight terrorism”.
Turkey’s NATO allies have been seeking tighter controls on a porous border with Syria that serves as a frontline in the battle against Islamic State. But monitoring is difficult with 1.8 million Syrian refugees now settled on the Turkish side.
Acting ambassador to the United Nations from United Kingdom and other ambassadors from Russia, Spain, and the U.S. vote on a U.N. Security Council resolution at the U.N. headquarters in New York, yesterday.
accept long-term limits on the nuclear program that the West suspected was aimed at creating an atomic bomb, but which Tehran says is peaceful. U.S. Ambassador to the United Nations Samantha Power said the deal would make the world “safer and more secure”. However, the agreement still faces opposition in the U.S. Congress and some Middle East states, including Israel and Saudi Arabia, as well as from the Revolutionary Guards and other Iranian hardliners. Even before the Council passed the resolution in New York, top Guards commander Mohammed Ali Jafari denounced it for interfering with Iran’s military operations and crossing “red lines” set by Supreme Leader Ayatollah Ali Khamenei. “We will never accept it,” he was quoted as saying by the semi-official Tasnim News Agency. Iranian hardliners are worried that U.N. inspectors may gain some access to sensitive military sites under the resolution, which becomes international law. The country’s senior nuclear negotiator, Seyed Abbas Araghchi, dismissed critics’ concerns and called the resolution an “unprecedented achievement in Iran’s history”. The deal must be approved by Iran’s National Security Council and later by Khamenei. Parliament’s role is not clear.
WORLD BULLETIN
Cuban flag raised over Washington embassy The Cuban flag was raised over Havana’s embassy in Washington yesterday for the first time in 54 years as the United States and Cuba formally restored relations, opening a new chapter of engagement between the former Cold War foes. Cuban Foreign Minister Bruno Rodriguez presided over the re-inauguration of the embassy, a milestone in the diplomatic thaw that began with a breakthrough announcement by U.S. President Barack Obama and Cuban President Raul Castro on Dec. 17. The U.S. Embassy in Havana was also officially reopened for business. But the Stars and Stripes will not be hoisted there until a visit by U.S. Secretary of State John Kerry expected next month. Without fanfare in the pre-dawn hours, maintenance workers also hung the Cuban flag in the lobby of the U.S. State Department, where it joined the banners of other countries with which the United States has diplomatic relations. Serious differences remain between the United States and Communist-ruled Cuba, and efforts toward full normalization of ties are expected to proceed slowly for now. But the steps that officially took effect on Monday carried enormous symbolism after more than two years of initially secret negotiations between governments that had long shunned each other.
EU vows new support for Tunisia after tourist attack The European Union (EU) promised yesterday to boost political and economic support for Tunisia to ensure its transition to democracy was not derailed by last month’s deadly attack on a tourist resort. The attack on the resort of Sousse left 38 tourists dead, most of them British, and came just months after the deaths of 22 people in an attack on the Bardo Museum in the capital Tunis in March. The Tunisian economy has been hit hard as several governments have now warned their nationals against visiting the country. “There is a strong desire to support Tunisia in its efforts to make the transition to democracy and with its economy, especially tourism,” EU foreign affairs head Federica Mogherini told Tunisian Prime Minister Habib Essidm after he met EU foreign ministers. Mogherini said both sides were looking at border controls, preventing youth radicalisation and improving trade ties to help the economy, for example by increasing quotas for Tunisian olive oil and other products. “We have shown our solidarity since (the pro-democracy protests of) 2011,” Mogherini told reporters. “We support reforms and we want to form a real partnership so that Tunisia remains a model for the future in the region,” she said, referring to turmoil across North Africa and the Middle East.
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Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
Group facilitates release of 20 inmates in Yola
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L-R: Plateau State Governor Simon Lalong; Emir of Wase, Alhaji Mohammed Sambo and Deputy Speaker, House of Assembly, Alhaji Yusuf Gagdi, during Eid el-Fitri traditional Sallah homage to the governor in Jos, yesterday.
El-Rufai happy over hitch-free Sallah in Kaduna A ZA MSUE KADUNA
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aduna State Governor, Malam Nasir el-Rufai, yesterday expressed gratitude for the Sallah celebrations in the state without breach of law and order. The governor’s special assistant, Media and Publicity, Samuel Aruwan, who stated this while addressing journalists in Kaduna, also hailed the traditional and religious
leaders for the joint efforts that brought about the hitch-free celebrations. El-Rufai said government was pushing resources to provide schools, hospitals and roads as well as efforts at job creation and skills acquisition for youths. He called for strong public support for the difficult but necessary steps being taken to cut costs and free resources for development.
His words: “We are grateful to the Almighty God for granting us peace. We thank our citizens, security agencies and traditional and religious leaders for the joint efforts that brought about a hitchfree Sallah celebration. “The patriotism and diligence exhibited by security agencies is commendable; the moral support from clerics and monarchs and the consciousness of our citizens have helped immensely.
We urge every segment of our community to continue to cooperate to promote peace and security. “Government is determined to tackle poverty and provide qualitative education, well-equipped hospitals and infrastructure, and promote social justice in the state.” It would be recalled that Gombe and Yobe states experienced explosions which killed many during the Sallah celebrations.
Court nullifies LG tenure law in Nasarawa IGBAWASE UKUMBA LAFIA
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Nasarawa State High Court sitting in Lafia, the state capital, has nullified a law passed by the House of Assembly last year, reducing the tenure of local government council officials from two years to one. The state High Court presided over by Justice Aisha Ahmed, had on
July 15, 2015, declared that the law passed by the former Assembly was unconstitutional, ruling that the tenure of chairmen should continue to be two years. This was disclosed to journalists in Lafia at a press briefing by the lead counsel to Nasarawa State chapter of the Association of Local Governments of Nigeria, ALGON, Barrister Mary
Onyeka. She said: “As you are all aware, the tenure of local government chairmen of Nasarawa State was reduced from two years to one by the House of Assembly; this position led the chairmen to engage our services and we went to court to challenge the law reducing the tenure. “We were able to look at the law and we discovered that the constitutional
provisions were not followed, which was part of what we presented to the court, and we duly challenged the constitutionality of the controversial law, especially as the Assembly did not follow the procedure.” Barrister Onyeka stated that they - team of ALGON lawyers - hope that the people responsible would abide by the rule of law.
n Adamawa State-based nongover nmental organisation, Fombina Grassroots Development Association, yesterday facilitated the release of 20 inmates in Jimeta and Yola prisons. Project manager of the association, Alhaji Abubakar Njidda, made this known when he presented gift items to the inmates in Yola. Njidda said the inmates, who regained freedom were those sentenced to prison terms over civil cases, adding that the association could only pay the fines of the 20 convicts. “The gesture became necessary in order to give assistance to those who deserve it,’’ Njidda said. He said the association would continue to follow due process in seeking the release
of those who were convicted over civil cases and could not pay their fines. Responding, District Head of Yola, Alhaji Sa’adu Bawuro, advised the ex-convicts not to engage in any act that could make them return to the prisons. Bawuro urged them to go into business ventures that could make them self-reliant, able to care for themselves and their families. “I hope that you have learnt a lesson from your little stay in the prisons. You should try to become responsible people as you are going back to your respective families,’’ Bawuro said. He commended the association for its support for the less-privileged, and urged other publicspirited organisations and individuals to emulate the gesture.
Sallah: NURTW didn’t hike transport fares –Official
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ational Union of Road Transport Workers, NURTW, said it did not increase transport fares throughout the Sallah period as a result of the current economic hardship faced by Nigerians. NURTW’s director of publicity, Mr. Kefas Dogonyaro, made this known during an interview with the News Agency of Nigeria, NAN, in Gusau yesterday. He said “even though we knew many petrol stations sold fuel above approved Federal Government price of N87 per litre, we maintained our fares so as not to add to the suffering of the people.” He said all passengers that boarded vehicles at
the motor parks enjoyed the regular fares charged without any increase. Dogonyaro said the union would continue to encourage passengers to board vehicles at designated motor parks where details of passengers are usually obtained to guard against any unforeseen circumstance. He assured that officials of the union were always watchful of movements at the parks as a measure to guard against security breach. He appealed to all good citizens to assist the union and security agents by reporting any suspicious movement to the union’s offices situated in all motor parks or the nearest security outfit for quick action.
Emir tasks Bauchi govt on fertilisers for 2015 farming
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mir of Bauchi, Alhaji Rilwanu Adamu, has called on the state government to provide fertilisers for farmers for the 2015 farming season. Adamu made the call in Bauchi when he paid Sallah homage to Governor Mohammed Abubakar.
He further called on the state government to provide tractors and pursue the construction of Kafin Zaki Dam and other dams to boost irrigated agriculture in the state. Adamu also urged the governor to solve the persistent water problem facing Bauchi metropolis as well as tackle deplor-
able state of roads to ease transportation problems. He thanked Almighty Allah for the successful completion of Ramadan fast, and commended the state government and Islamic scholars for the peaceful atmosphere that prevailed during the period. Responding, Abubakar promised to adopt a holistic approach toward re-
habilitating the bad roads in the state to reduce the pains of the people. He assured that his administration would rehabilitate some roads in Bauchi metropolis in spite of the lean financial position of the state government. The governor said that apart from the rehabilitation, the state government would ensure that new
roads are constructed to provide access to various communities in order to boost the economic life of the people. “Despite the fact that we inherited an empty treasury, we are doing everything possible to address the challenges. “We are just less than two months but we inherited four months’ salary
arrears; we sourced funds and reduced the salary arrears as we have sympathy for our workers. “I want to correct the impression that the Federal Government has given us money to pay the remaining arrears, because as at today, we have not received any amount to settle the salary arrears,” Abubakar said.
Tuesday, July 21, 2015
National Mirror www.nationalmirroronline.net
53
Sport
Brume eyes Okabare’s status
We are determined on our “look inward policy” and there will be no looking back as we move forward –President, Football Association of Zambia, Kalusha Bwalya
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Poor run: Pillars sack Emordi AbdulgAfAr OlAdimeji And PAul erewubA
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Jordan Ibe has acquitted himself well at Anfield
Re-building:
Ibe gets Oliseh’s look-in
AfOlAbi gAmbAri
WITH AGENCY REPORT
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uper Eagles Coach, Sunday Oliseh, has considered having talks with Liverpool striker, Jordan Ibe, according to reports yesterday. Ibe’s father is Nigerian even though he has represented England at various age-group levels. The Nigeria Football Federation (NFF) had earlier in the year hinted it was making efforts to get Ibe to commit to Nigeria.
National Mirror learnt that Ibe’s consideration was sequel to Oliseh’s declaration at his unveiling last week in Abuja that Nigeria had fallen short of motivational players in the senior national team players. “The competition for places is no longer there like in our days in the Eagles,” Oliseh lamented. “I think the new orientation should focus on the need to make the competition return in earnest so that the Eagles can reclaim their rightful position in the comity of
footballing nations,” the former Nigeria international said. Ibe is with Liverpool at the Reds’ training base in Australia ahead of the new season. The 19-year-old who can play as a striker or playmaker, made his debut for the Liverpool first team after he played on loan at Derby County on loan the previous season. It, however, remains to be seen if Ibe can be convinced to rescind his decision to play for England at the senior level.
he inconsistent performance of Pillars FC of Kano in the ongoing Glo Premier League has claimed its first victim as management yesterday relieved Coach Okey Emordi of his appointment as Technical Adviser. Pillars’ Media Officer, Rilwan Malikawa Garu, explained that the decision on Emordi was aimed to repositioning the reigning league champion as the season ended its first stanza on Sunday when the Kano club was forced to a 3-3 draw against Lobi Stars in Makurdi after leading 2-0 earlier on. “The Pillars’ board thanks Emordi for the services he has rendered to the club, while wishing him the best in his future endeavors,” Garu said. “A meeting will tomorrow (today) to discuss on Emordi’s replacement and announcement will be made in due course,” the media officer added. National Mirror investigations revealed that players and fans of Pillars had passed a vote of no confidence on Emordi who last season steered the club to a third straight league title. Meanwhile, former Super Eagles assistant coach, Daniel Amokachi, and Nasarawa United Coach, Mohammed Baba Ganaru, are the front runners to replace Emordi, according to latre reports yesterday. “We will call for applications even though the time is short as the league will resume after a two weeks,” Malikawa informed.
Emordi
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Tuesday, July 21, 2015
Zenith B’ball: IGP Queens, First Bank in semi-final Paul ErEwuba
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ith two straight wins against Nigerian Customs on Sunday and yesterday’s 71–51 victory over Benue Princess, the IGP Queens have emerged as the first team to book a quarter finals ticket at the on-going finals of the 11th Zenith Bank-sponsored Women’s Basketball League holding at the National Stadium, Lagos. Defending champion First Bank of Lagos is also through with two wins. The Elephant Girls defeated Benue Princess 95–30 on Day 1 to earn their first victory before defeating the Nigerian Customs yesterday.
T/tennis: Union Team set for Cameroun IfEanyI Eduzor
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igerian’s representatives in the men’s team event of the African Club Championship holding in Yaounde, Cameroun from July 22 to 26, Union Bank Table Tennis Club of Lagos, will depart the country tomorrow. Coach of the team, Samson Ajayi, who disclosed this to National Mirror yesterday, said the team comprised five players and a coach. They include David Faleye, Ahmed Bello, Wale Olaniyi , Ogunalade Azeez and Junior sensational, Nurudeen Hassan
Action during IGP Queens and Dolphins (in white shirts) and Customs’ game at the Zenith Basketball event in Lagos
Group B top contender, Dolphins of Lagos, also cruised yesterday after whitewashing Sunshine Angels of Akure in a one-sided game. Captain of IGP Queens Julie Onyelugo said she was glad to lead the Police team to its first ever semi finals since the commencement of the Zenith Bank Women’s Basketball League eleven years ago. “The victory belongs to the entire team because it was a collective responsibility,” the captain added. Benue Princess joined crashed out of the competition yesterday with two straight loses alongside Sunshine Angels of Akure and the Nigerian Customs.
NTTF boss, Oshodi
with Samson Ajayi leading the team as the coach. Union Bank’s choice was based on its excellent performance at the 2014 Nigerian Table Tennis Championship held in Lagos. “The players are in good shape to do Nigeria proud having trained very hard for the competition. “This is not the first time we will be representing Nigeria. “We also did well in 2009 in Togo and came back with the third position trophy, as well as in 2010 and 2011 in Morocco where we finished third due to some traveling delays.”
National Mirror www.nationalmirroronline.net
Ambode commits to badminton IfEanyI Eduzor
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agos State Governor, Akinwunmi Ambode, said that his administration will sustain sponsorship of the Lagos International Badminton Classics to aid the sport’s development in Nigeria, even as he announced that prize money for the tournament will be increased in the next edition. He told National Mirror at the closing ceremony of the 2nd edition of the classics held at the Rowe Park Sports Centre,Yaba that the successful hosting of the tournament is an indication that with proper planning, Nigeria can host any sporting event. “We will sustain the championship for the next four years and I believe this will encourage more countries to be part of the classics,” Ambode said.
Director General of the National Sports Commission, Alhassan Yakmut, who attended the event, commended the Lagos government for its sponsorship of various international classics. Chairman of Lagos State Badminton Association, Francis Orbih, also said badminton had witnessed tremendous progress in Nigeria. Meanwhile top seed, Sai Praneeth of India defeated Adrian Dziolko of Poland 21-14, 21-11 to emerge winner in the men’s singles event while Javuholt Russka of Czech Republic beat Dzge Bayrak of Turkey24-21, 21-15 to win the women’s singles event. In the men’s doubles, Manu Attri and Sumeath Raddy of India defeated Adam Cavalina and Przemyslaw Wacha of Poland 21- 17, 21-17 as Pradinya Gadre and Sikki Reddy of India beat
Dzge Bayrak and Neslihan Yigit of Turkey 2-1 in the women’s doubles. Robert Matiuslak and Nadiezda Zieba of Poland defeated Kona Tarun and Sikki Raddy of India 21-17, 21-17 in the mixed doubles. The week-long tournament attracted athletes from 26 countries.
Governor Ambode
National Mirror www.nationalmirroronline.net
Sports
Tuesday, July 21, 2015
Brume eyes Okabare’s status
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fter a sparkling performance at the Athletics Federation of Nigeria (AFN) Golden League Meet held recently at Akure, Ondo State, reigning Commonwealth and Africa’s Long Jump champion, Ese Brume, is dreaming of outshining Nigeria’s sprint queen, Blessing Okagbare, in future.
Brume, who has already qualified for the All African Games slated for September this year in Congo Brazzaville, says she intends to use the continental platform to shine. “I am working hard towards making my dream come true,” she told National Mirror. “The Akure Golden League meet is over and I have started
working towards the Warri Relays which will precede the national trials for the World championships and All African Games,” she added. On her heroine Okagbare, Brume said: Blessing is a team leader, focused, hard working and determined to achieve her set goals.”
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Ese Brume
IAAF World Youths: Watson, others lift USA
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he USA unsurprisingly topped the medal table in Cali, doing so with a record medal haul. They won their eighth gold medal of the week in the final event, the mixed 4x400m relay, which was making its debut at these championships. The quartets were comprised of two boys and two girls, with teams allowed to de-
cide the running order. Only the USA and Canada used the boy-girl-boy-girl strategy, and wound up taking the gold and bronze medals. The US quartet of Keshun Reed, Lynna Irby, Norman Grimes and Samantha Watson were never truly threatened during the race, Watson bringing them home to a decisive victory in 3:19.54.
Watson
South Africa’s Kyle Appel, having blasted through the first 200 metres of his anchor leg, found himself in a headto-head, battle-of-the-sexes duel with Canada’s Kyra Constantine for the silver medal. He edged it just to grab the silver medal for South Africa, with both teams credited with the same 3:23.60. In the girls’ 800m, little more than a hour before the relay, Watson produced a performance of superb tactical awareness, taking victory in a personal best of 2:03.54. The 15-year-old sheltered behind Ethiopia’s Foziyu Niguse and Italy’s Marta Zenoni on the first lap before sweeping into the lead and unleashing a potent kick with 200 metres to go, building a lead that Zenoni and Ethiopia’s other runner, Gadese Ejara, simply couldn’t close. Ejara also ran a PB of 2:03.54 in second while Zenoni finished third in 2:04.15. “It was a very hard race. I had to fight a lot,” Watson said.
Star Quote…
Run when you can, walk if you have to, crawl if you must; just never give up –Dean Karnazes (Ultra Marathon Runner)
Beijing 2015: Drouin, 50 others make Team Canada
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thletics Canada has named a team of 51 athletes to compete at the IAAF World Championships, Beijing 2015 from August 22 to 30. “The World Championships are the last major measuring stick as we prepare for the 2016 Olympic Games,” Head Coach and Chief Technical Officer, Peter Eriksson, said. “Our team objectives are clear; improve on our country rank-
ing and the number of medals, top-eight, top-12 and top-16 finishes. Individually we are looking for athletes to place higher than their ranking entering the event,” Eriksson added. The team includes 12 Canadian record-holders and three of the athletes who won individual medals at the 2013 World Championships: heptathlete Brianne Theisen-Eaton, decathlete Damian Warner and high jumper Derek Drouin.
Drouin
WORLD RECORD
Most baked beans eaten in five minutes Fastest marathon dribbling two basketballs
N150
Vol. 05 No. 1160 Tuesday, July 21, 2015
The most baked beans eaten with a cocktail stick in five minutes is 271 and was achieved by Ashrita Furman (USA) in Jamaica, New York, USA, on 11 August 2014.
Buhari and the predatory politicians
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he current power struggle within the leadership of ruling APC leadership is not entirely unexpected. The fusion and marriage that gave fruition to this political contrivance was borne out of a desperate opposition poised to wrench power from the then ruling PDP. In executing the master plan for wrenching power from the PDP, credit must be given to the leaders of APC for the ingenious manner they laundered and projected the Buhari persona as an incorruptible, honest and patriotic. The change mantra around which the APC campaign revolved was personified in an individual and not hinged on the articulation of a sound ideological leanings or economic blueprint for the development of the country.
Guest Columnist
Baba
Crusoe
Thus, the key to the success of the party in the last general elections was the perception that the buck stopped at the President’s table, and that as the Commander-in-Chief, Buhari, as a man of unassailable integrity, would surely deliver on his promises. However, from current realities, it may not be entirely wrong to assume that the motivating factor for some leading members of the party was not the desire to bring positive change to the polity and introduce a new lease of life to otherwise bruised and disillusioned Nigerians, but the selfish quest to appropriate political powers to themselves and perhaps, enjoy the spoils of victory with impunity. Nigerians were truly aware that there are quite a great number of well known political hawks in the APC with ignoble records for unbridled corruption. However, the reality was discountenanced on the conviction that Buhari would be strategically positioned as president to tackle corruption and bridle the sleazy feathers of his associates. Exploiting our people’s collective disaffection, despair and lingering sense of alienation from governance and subsisting recourse to corruption with impunity, the promoters of APC launched vitriolic attacks on Jonathan presidency and laid the blames for decades of ineptitude and maladministration at his door steps. With each passing day, Buhari’s image as the “Redeemer” the country needed, was given a greater push and impetus, both in terms of cataloguing the failures of the Jonathan government as well as in showcasing what Buhari would do within two months of his administration. The concept of ‘change’ canvassed and
THE SHADOWY HANDS OF POLITICAL PREDATORS ARE GETTING CLEARER AND MORE VISIBLE AS EVENTS UNFOLD IN THE POLITY ingeniously foisted on the sensibilities and sensitivities of Nigerians was somewhat magical in its appeal, inducing massive endorsements from the populace and inspiring hopes for the dawn of a new era of progress and economic emancipation of impoverished Nigerians. It had a bandwagon effect, and was eventually the catalyst for the change in the country’s political reengineering process. The enormous goodwill trailing his emergence as the newly democratically elected President of the country is still visible everywhere and has not been whittled down in the midst of the crisis threatening to tear his Party asunder. But there are worrisome indications that the bonds and marriage of convenience and expediencies that brought together the hitherto opposing political parties into one amorphous union is falling drastically apart, posing great consequences to the Buhari presidency. The burden of expectations on Buhari is too much and seems to tilt towards the fringes of naivety and irrational assumptions about his ability to fix all
the country’s problems with one fell swoop on corruption. For now, the issue is not whether Buhari is fit, ready, willing and able to govern with integrity and commitment to the well being of Nigerians, because it is too early to assume otherwise or even to question his credibility. He has done nothing to indicate that one month into his Presidency, the patriotic streak which was the major plank of his electoral victory is now in doubt. A dispassionate appraisal of his approach to the crisis in his party shows a measure of maturity, not being swayed by hasty decisions or succumbing to the promptings of extraneous influences and interests. Buhari may have been confronted with unforeseen situations, but he seems to have considered measured steps, taking things gradually on their strides as a better option in grappling with the ensuing challenges in the polity. The shadowy hands of political predators are getting clearer and more visible as events unfold in the polity. To expect Buhari to plunge head on and get into undue collision course with these elements, will be uncharitable and politically inexpedient. Of course, he is being held somewhat hostage by the weighty influences of quite a great numbers of soldiers of fortune and birds of prey, who are hell bent on receiving political dividends and rewards for their roles in making him president. While their demands and insistence on having their way might pose some dangers to the sustenance of the democratic process and realization of the hopes and aspirations upon which the mandate for change was given by the Nigerian electorate, Buhari will be seriously distracted in future if he fails to take enough time to address the issue at its formative period. To hit the ground running as soon as possible is quite ideal, but to do so in the midst of unresolved internal crisis is portentously dangerous. Crusoe, a public affairs analyst, wrote from Lagos via bazcrusoe@yahoo.com
Sport Extra
F
IFA President, Sepp Blatter, had to stop his press conference yesterday following a comical scene caused by British comedian Simon Brodkin. Blatter had called the press conference following the organisation’s announce-
Comedian pelts Blatter with cash ment that elections for the new FIFA president will be held in February next year, yet was interrupted by Brodkin, who had snuck into the press conference and began throwing fake banknotes at
the president, who stepped down from his post two months ago following the ongoing FBI investigations into corruption. Security was then called to remove the comedian from
the room as Blatter walked out, only to return a few minutes later after the banknotes had been cleared away. Blatter then confirmed he would not be running for the president in next year’s elec-
tions, before revealing his wish for a future career in journalism. “I will not contest in 2016,” the Swiss said, adding that he would like to become a radio journalist.
Blatter
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