Monday, june 29, 2015 (new) by GLOBAL MEDIA MIRROR LIMITED

LCCI cautions CBN on imported goods’ forex window exclusion ABOLAJI ADEBAYO

agos Chamber of Commerce and Industry, LCCI, yes-

Bello

Vol. 5 N0. 1144

terday urged the Central Bank of Nigeria, CBN, to suspend its latest monetary policy directive, which excluded 41 consumer goods’ importers from sourcing

Monday, June 29, 2015

THE

BUSINESS SECTION

DPR advises investors on fuel scarcity P.4

foreign exchange through the official markets. A statement by President of the Chamber, Alhaji Remi Bello, specifically

CONTINUED ON PAGE 5>>

National Mirror Online

Free inside

@NationalMirror

Buhari replies PDP:

21, OLOWU STREET, IKEJA, LAGOS www.medviewairline.com 01-4540927/8

FLIGHT SCHEDULE WITH EFFECT FROM JUNE 29, 2015 MONDAYS TO FRIDAYS DESTINATION

FLT NO

DEP

ARR

STOPS

A/C

ABUJA TO LAGOS

VL2101

0900

1015

B737

VL2105

1400

1515

B737

VL2103

1500

1615

B737

VL2119

1630

1745

B737

VL2107

1830

1945

B737

ABUJA TO YOLA

VL2102

1050

1200

B737

ACCRA TO LAGOS

VL0204

0800

1000

B737

VL0206

1740

1940

B737

ENUGU TO LAGOS

VL2117

0930

1040

B737

LAGOS TO ABUJA

VL2100

0700

0815

B737

VL2102

0850

1005

B737

VL2104

1200

1315

B737

VL2118

1430

1545

B737

VL2106

1630

1745

B737

VL0203

0715

B737

VL0205

1700

B737

LAGOS TO ENUGU

VL2116

0730

0840

B737

LAGOS TO PHC

VL2110

1130

1240

B737

LAGOS TO YOLA

VL2102

0850

1200

B737

PHC TO LAGOS

VL2111

1320

1430

B737

YOLA TO ABUJA

VL2103

1300

1410

B737

YOLA TO LAGOS

VL2103

1300

1615

B737

LAGOS TO ACCRA

We're cleaning Jonathan's mess …says sleaze in last govt will be revealed soon Ministerial list to wait for two months

N150

OLAJIDE OMOJOLOMOJU AND ROTIMI FADEYI

resident Muhammadu Buhari yesterday said his government was currently cleaning the augean stable, which requires scrupulous and painstaking planning. Buhari, who is 30 days in office today, having assumed office on May 29, said across all sectors, national life had been devalued, adding that it takes CONTINUED ON PAGE 2>>

SATURDAYS DESTINATION

FLT NO

DEP

ARR

STOPS

A/C

ABUJA TO LAGOS

VL2101

1000

1115

B737

VL2105

1400

1515

B737

VL2103

1500

1615

B737

ABUJA TO YOLA

VL2102

1050

1200

B737

ACCRA TO LAGOS

VL0204

0800

1000

B737

ENUGU TO LAGOS

VL2117

1420

1530

B737

LAGOS TO ABUJA

VL2100

0800

0915

B737

VL2102

0850

1005

B737

VL2104

1200

1315

B737

LAGOS TO ACCRA

VL0203

0715

B737

LAGOS TO ENUGU

VL2116

1230

1340

B737

LAGOS TO PHC

VL2110

1130

1240

B737

LAGOS TO YOLA

VL2102

0850

1200

B737

PHC TO LAGOS

VL2111

1320

1430

B737

YOLA TO ABUJA

VL2103

1300

1410

B737

YOLA TO LAGOS

VL2103

1300

1615

B737

SUNDAYS DESTINATION

FLT NO

DEP

ARR

STOPS

A/C

ABUJA TO LAGOS

VL2109

1230

1345

B737

VL2119

1630

1745

B737

VL2103

1730

1845

B737

VL2107

1830

1945

B737

ABUJA TO YOLA

VL2102

1355

1505

B737

ACCRA TO LAGOS

VL0204

0800

1000

B737

VL0206

1740

1940

B737

ENUGU TO LAGOS

VL2117

1420

1530

B737

LAGOS TO ABUJA

VL2108

1030

1145

B737

VL2102

1200

1315

B737

VL2118

1430

1545

B737

VL2106

1630

1745

B737

VL0203

0715

B737

VL0205

1700

B737

LAGOS TO ENUGU

VL2116

1230

1340

B737

LAGOS TO PHC

VL2110

1130

1240

B737

LAGOS TO YOLA

VL2102

1200

1505

B737

PHC TO LAGOS

VL2111

1320

1430

B737

YOLA TO ABUJA

VL2103

1545

1655

B737

YOLA TO LAGOS

VL2103

1545

1845

B737

LAGOS TO ACCRA

Updated June 12, 2015

L-R: Vice-President Yemi Osinbajo; his wife, Dolapo, and Administrator, State House Chapel, Mr. Abba Mshelia, after Sunday service at the chapel in Presidential Villa, Abuja, yesterday. PHOTO: STATE HOUSE

'Saraki lied, never contested APC presidential ticket' President condemns latest Boko Haram attacks

NDLEA arrests 75 persons over drug offences in Ondo

P.2

P.52

News

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

We're cleaning Jonathan's mess CONTINUED FROM PAGE 1

meticulousness and surefootedness to repair all the breaches. The President made his position known through a statement issued by his Special Adviser on Media and Publicity, Femi Adesina. He was reacting to a statement credited to the National Publicity Secretary of the Peoples Democratic Party, PDP, who said Nigerians need to join hands in prayers to save the government from further inaction and dithering after evaluating the first 30 days of Buhari in office. The statement said the Buhari administration was naturally contemplative because there was absolutely no rhyme or reason to the way PDP ran the country, particularly in the immediate past dispensation. “That is why the augean stable is being cleaned now, and it requires scrupulous and painstaking planning. Across all sectors, our national life was devalued, and it takes meticulousness and surefootedness to repair all the breaches. This, the Buhari administration will deliver,” the statement said. The statement further said what Metuh does not know was that Nigerians had already joined hands with Buhari for the nation to move forward. “They (Nigerians) are hands in hands, and that was what gave victory to President Buhari in the March 28, 2015 poll. “They had teamed up to uproot an administration that had brought the country to her knees, and was about to tip her off the precipice. “And Nigerians have resolved that never would they allow any government to divide them along regional, religious and ethnic fault lines again. “Metuh talks of people around the President conniving with bureaucrats to siphon money from the treasury. This must be deja vu, as it was the pastime of the immediate past administration, and the enormity of the sleaze will be evident when stolen money, to the tune of billions of dollars, is

recovered, and returned to the national treasury soon. “In the process of time, after all that is being planned by the current administration has matured, and bearing fruits, Nigerians will be able to determine who is serving them acceptably, and who has taken them for a ride. It is just a matter of time. “Metuh and his masters can only rue the missed opportunities to make salutary impact on the lives of Nigerians. They have a long road of regrets to travel,” the statement said. Meanwhile, former President Goodluck Jonathan was alleged to have left behind a “rotten foundation,” which has im-

peded the smooth take-off of the Buhari-led government. This further explains why President Buhari is not in a hurry to appoint anyone into the Federal Executive Council, FEC, even as this development may remain so for the next two months! It was learnt that President Buhari, 30 days after his inauguration and despite all the hues and cries trailing the non-appointment of members of his cabinet, seems not to be in any hurry to do so in the next two months because of the “rotten foundation” he inherited from the last administration. Speaking in an off-therecord chat with a set of

journalists in Abuja, a source close to the President, but who however, is not authorised to speak publicly regarding the issue, said President Buhari is reluctant to build on the “rotten foundation” he inherited from the outgone Jonathan-led administration. The source said: “You cannot even begin to imagine the situation we met on ground. Almost everything is in a state of decay. There is absolutely no way the new government can hope to achieve anything longlasting without first building a new foundation.” The source likened President Buhari’s plan of action to that of a doctor who first has to break a poorly

set bone, before resetting it afresh to allow for smooth and proper growth. Over the past week, the Commander-in-Chief has come under scathing criticism from various sources in the media, including the social media, who are worried that he has had more than three months since his election on March 28 and a month since his inauguration to assemble his team, yet no cabinet appointments have been made. In response to this, the source pointed out that it would be impossible to appoint ministers to portfolios, without first knowing which portfolios exist and which will be abolished. He said: “The President

Iyawo Dance at 2015 Ogidi-Ela Day celebration in Ogidi, Kogi State, at the weekend.

plans to cut down the number of ministries and parastatals. He wants to cut down the cost of running government. He wants to make sure that all the loopholes that enable corruption to thrive are blocked. All these are procedures that require time and careful planning. You cannot do it in a rush.” He added that President Buhari could not realistically have begun this process without first receiving the full report of the transition committee and ascertaining exactly the situation his government faced. Recall that many ministries, departments and agencies, MDAs, did not submit handover notes to CONTINUED ON PAGE 5>>

PHOTO: NAN

'Saraki lied, never contested APC presidential ticket' ROTIMI FADEYI ABUJA

he Presidency yesterday said the Senate President, Senator Bukola Saraki, never contested the presidential ticket of All Progressives Congress, APC, in the March 28 Presidential election. While reacting on telephone to the claim by Saraki that he dropped his Presidential ambition for Buhari, Special Adviser

to the President on Media and Publicity, Femi Adesina, said there was no truth in Saraki’s claim. According to him, Saraki was not among those who contested for APC Presidential ticket. “Saraki was not among those who ran for the APC ticket, we know those who ran for the primary and Saraki’s name was not there, so he cannot claim that he dropped his presidential ambition for Buhari,” Adesina said

On whether APC would sanction Saraki and other Senators who went against the decision of the party in the appointment of principal officers in the National Assembly, Adesina said only the spokesman of the party can comment on the issue. Saraki while speaking with journalists in Abuja on Saturday said he dropped his presidential ambition for Buhari, stressing that he was not contemplating any ambi-

tion in 2019 The Senate President said he had no plan to dump APC, having supported the election of Buhari as President. He said rather then quit the party, he would continue to support Buhari’s government to ensure its success. The emergence of Saraki and Yakubu Dogara as Senate President and Speaker of the House of Representatives had been enmeshed in controversy.

The party had accused Saraki and Dogara of defiling the decision, which favoured Senator Ahmed Lawan as senate president and Femi Gbajabiamila as Speaker. Meanwhile, President Buhari has condemned the latest terrorist attacks on Borno and Yobe communities by Boko Haram. In a statement issued by his Senior Special Assistant on Media and Publicity, Malam Garba Shehu, CONTINUED ON PAGE 5>>

National Mirror www.nationalmirroronline.net

PAGE

Monday, June 29, 2015

Good Health

FRANKA OSAKWE

ith this latest innovation, some men will soon be able to tell if their partner has contracted any deadly sexually transmitted infection (STI) and be spared from getting infected. A group of teenagers from Illford schools UK, have just designed a smart condom that could immediately change colour when in the presence of bacteria or viruses that causes STI. The molecules in the condom would glow different colours depending on the disease being detected. For years, scientists have sought for ways to limit the soaring rate of sexually transmitted infections (STI) such as the Human Immunodeficiency Virus, or HIV (the virus that causes AIDS), chlamydia, genital herpes, genital warts, gonorrhea, hepatitis B, and syphilis which are deadly and commonly spread through sex. Through invention of barriers such as latex condom, the risk of contracting STI could be reduced through its use even though they are not 100% safe (Sometimes, condom may break or slip off). Even when used correctly, condoms do not protect against infections spread from sores on the skin not covered by a condom. The concern about the limitations of condom and its inability to fully protect against STI has enabled these young scientists to design a smart condom that would enable the wearer to tell if his partner has STI and alerts him to take precautionary measure immediately. The molecules in the rubber would glow different colours depending on the disease being detected. The group of students took part in the TeenTech awards; a UK award for young pupils intended to promote science, engineering and technology in schools. The condom which is called the S.T.EYE has a layer infused with molecules capable of detecting the bacteria and viruses associated with the most common STIs. These would then cause the molecules to fluoresce a certain colour in low light, according to the infection detected. “The condom might glow green for chlamydia, yellow for herpes, purple in the presence of the human papillomavirus which causes genital warts, and blue for syphilis”,

Students invent condom that detects STI

…as first penis transplant recipient expects baby

explained the designers. Although still a concept at the moment, the students hope it may be possible to turn their idea into a reality in the future. Daanyaal Ali, 14, from Isaac Newton Academy in Illford, who was part of the team to come up with the idea, said he hoped the condom would make people more aware of STIs and more willing to seek treatment. He said: “We created the S.T.EYE as a new way for STI detection to help the future of the next generation. We wanted to create something that makes detecting harmful STIs safer than ever before, so that people can take immediate action in the privacy of their own

Mushrooms could boost immunity

Eating chocolate reduces risk of heart disease

The Condom

DID YOU KNOW?

new University of Florida (UF) study shows increased immunity in people who ate a cooked mushroom every day for four weeks. In the study 52 healthy althy adults, aged 21 to 41 came to the Gainesville campus, where researchers gave them hem a four-week supply off dry shiitake mushrooms (Shiitake mushrooms are e native to Asia and are e cultivated for their culiulinary and medicinal value). alue). Participants took the e mushrooms home, cleaned d and cooked

homes without the invasive procedures at the doctors. We’ve made sure we’re able to give peace of mind to users and make sure people

can be even more responsible than ever before.” The S.T.EYE was awarded first prize in the Health Category at the final of the TeenTech awards, which are intended to promote science, engineering and technology in schools. Groups of 11 to 16-year-olds were asked to come up with ‘technology to make life better, simpler or easier’. A spokesman for the awards said: “TeenTech demonstrates how the next generation holds the innovative ideas of the future in their hands.” Meanwhile, the world’s first penis transplant recipient has regained full use of his organ and is expecting his first baby. Few months ago, a 21-year-old South African man became the first person in the world to successfully receive a penile transplant and now, he and his girlfriend are expecting their first baby. Dr. Andre van der Merwe, who performed the procedure at Tygerberg Hospital in Cape Town back in December, announced the news during a recent lecture, saying that the feat is one of the greater markers of long-term transplant success. The initial procedure took Merwe and his team of surgeons nine hours to complete, thinking the transplant would take two years to become fully functional. Three months after the initial procedure, the patient already appeared to be making a rapid recovery. And now it seems the patient has recovered full use of the organ. The patient in question underwent the transplant after sustaining injuries during a ritual circumcision; the patient’s entire penis had to be amputated in order to save his life. Similar incident was reported in 2014, where a man not only lost his penis during the ritual, but he was beaten and ostracized from his community for speaking out about it.

them. Then they ate one, 4-ounce serving of mushrooms each day during the experiment. Through blood tests before and after the experiment, researchers saw better-functioning gamma delta T-cells and reductions in inflammatory proteins. pr “If you eat a shiitake mushroom every day, you m could see changes in their c immune system that are beneficial. We’re not only b enhancing the immune system, but also reducing the t inflammation that the immune system produces,” said Percival, an a Institute of Food and Agricultural Sciences faculty member. S

THE CONDOM MIGHT GLOW GREEN FOR

CHLAMYDIA, YELLOW FOR HERPES, PURPLE IN THE

PRESENCE OF THE HUMAN PAPILLOMAVIRUS WHICH

CAUSES GENITAL WARTS, AND BLUE FOR SYPHILIS

daily ration of two bars of chocolate can help cut risk of heart disease and prolong life, according to a British study. Experts say the boost to health can provide protection against heart disease and stroke. The advice ice goes against the commonly held eld belief that chocolate is bad forr you. In fact, scientists now w say there is no evidence that cutting it from your ur diet lowers riskss of cardiovascular cular disease. Cocoarich dark rk chocolate ate has long g been asso-

ciated with healing powers because it has antioxidant and anti-inflammatory properties. analysis of the confecYet a tionary’s impact on health aptionary pears to show the advantages are common than first thought more com in the nation’s and are abundant ab favourite, milk m chocolate. Professor Phyo Myint, of AberUniversity who conducted the deen Universi research, said: “Cumulative evidence higher chocolate intake is suggests that hig associated with a lower risk of future carevents. diovascular events

Photo News

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

L-R: Managing Director, Wema Bank Plc, Mr. Segun Oloketuyi; Chairman, Lafferty Group, United Kingdom, Mr. Michael Lafferty; President, Chartered Institute of Bankers of Nigeria (CIBN), Mrs. Debola Osibogun; former Secretary-General, Commonwealth, Chief Emeka Anyaoku and Managing Director/Chief Executive Officer, Airtel Nigeria, Mr. Segun Ogunsanya, during the 2015 annual lecture of CIBN in Lagos, recently.

L-R: Representative of Managing Director, Bank of Agriculture, Tokunbo Afolabi; Chairman, Jumil Farms, Maj.-Gen. Lawrence Jokotola (rtd); Deputy Speaker, Kwara State House of Assembly, Prof. Muhammed Yisa; Father of the day, Aidonogie of South Ibie Kingdom, Alhaji Aliyu Danesi and Founder, National Cooporative for Commercial and Industrial Agriculture (NACCIA), Mr. Felix Okonti, during the inaugural meeting of NACCIA in Lagos, yesterday.

L-R: Assistant Editor-in-Chief, News Agency of Nigeria (NAN), Mr. Obike Ukor; Indian High Commissioner to Nigeria, Mr. Ajjampur Ghanashyam and Editor, Foreign Directorate, Mr. Uche Annune, during NAN Forum in Abuja, yesterday. PHOTO: NAN

President, Rotary Club District 9125 of Jos, Mr. Santos Larab (left) and District Governor, Rotary International, Mr. Tola Mogbeyi Omotsola, during end of the year valedictory ceremony in Jos, yesterday. PHOTO: NAN

National News

DPR advises investors on fuel scarcity

epartment of Petroleum Resources, DPR, yesterday called on investors in the oil and gas sector to embrace small refineries in order to put an end to the lingering fuel scarcity in the country. Deputy Director, Downstream Sector of DPR, Mr. Alphonsus Mudi, gave the advice during NewsDirect Quarterly Roundtable Conference on Nigerian Economy in Lagos. The theme of the programme was “Setting Agenda for New Government on Private Refineries, Power Supply, Indigenous Participation and Financing.” Mudi described investments in modular refineries as the new way to go in order to stop importation of petroleum products. He said a modular refinery was cheaper and was capable of being moved from one place to another. The deputy director said

•India ready to help boost capacity of Nigeria’s refineries –Envoy

modular refineries were capable of handling refining capacity of between 10,000 and 35,000 barrels of crude oil per day. He lamented that out of 18 investors that had license to operate refineries in 2007, only one of was producing today. “Only the Niger Delta Petroleum Resources, NDPC, was able to set up its refinery with a total capacity of 1,000 barrels per day. “But what they are producing is for their consumption, they are refining only diesel. “The other 17 investors said they were having many challenges, including funding, securing crude for use and government incentives. “We tried to assist them by directing them to where they could get crude oil, but unfortunately, they could only get it at the world price. “But till today, we have not seen them again,” he

said. Mudi, however, gave assurance that DPR was ready to issue license to investors interested in building modular refineries. Former ExecutiveSecretary, Petroleum Products Pricing Regulatory Agency, PPPRA, Dr Oluwole Oluleye, advised government to create conducive environment for indigenous participation in the oil and gas sector. According to him, whether government wants to remove subsidy or not, Dangote has already started business. He urged the government to put power supply right, adding that it would have positive results on the masses. A former Commissioner of Finance in Osun State, Mr. Wale Bolorunduro, who was the guest speaker, urged the Federal Government to legalise illegal refineries. Bolorunduro said

government should call those involved in illegal refineries and make them to do it legally. Editor-in-Chief, NewsDirect, Dr Samuel Ibiyemi, said the purpose of the conference was to deliberate on the challenges facing the public and private sectors in business. According to him, it is also in recognition of the sectors’ collaboration in promoting in-country manufacturing of a value adding commodities to boost industrialisation. Ibiyemi said the problems could be traced to lack of government policies to encourage funding of projects by Nigerian banks and crude oil supply guarantee for private refineries. Meanwhile, India said it is ready to help end the perennial fuel scarcity in the country by boosting the capacity of local refineries through technical support. India High Commis-

sioner, Mr. Ajjampur Ghanashyam, made this known at a Forum of the News Agency of Nigeria, NAN, in Abuja yesterday. Ghanashyam, however, said India would be able to offer the support on invitation of the Federal Government through a bid. “India can come if you (Nigeria) want to technologically upgrade your refineries; if you want to increase the scientific value of your refineries; if you want to get your engineers become smarter than they are. “If you want the same refineries to do the job at 120 per cent of their created capacity; if you want people to be proud of your refineries, bring the Indians. “But this is a suggestion, which we have given to the government of Nigeria; but we will come in only when we are invited. “So, if there is an occasion - if there is a bid, then we will participate;

but this is an area in which I would say, Nigeria has the solution. “I believe personally that every solution to a problem is somewhere near the problem. You don’t need experts and philosophers from the East and the West to solve your problem. Your problems are solved here by people locally and you have the intelligence here, you have the capital here, you have the intellectual capital and you can easily resolve with yourselves. “And tomorrow, if we (India) come here to help you, that is because you will be able to avoid making the mistakes we made, and it will help you add value to your experience on the basis of our experience,” he said. According to the high commissioner, Nigeria has the capacity to be a net exporter of refined petroleum products instead of being an importer.

National Mirror www.nationalmirroronline.net

News

Monday, June 29, 2015

'Saraki lied, never contested APC presidential ticket' CONTINUED FROM PAGE 2

the President said he was deeply touched by the incidents of violence on innocent people during the month of Ramadan. According to him, the terrorists are enemies of everybody, and enemies of humanity everywhere. He noted that no sane people who believe in any God would be destroying the lives of innocent people in cold blood, adding that terrorists don’t represent any religion. The President said the pattern of their indiscriminate violence against innocent people shows that they represent nothing else but anarchy and devilry. President Buhari reminded the terrorists of his uncompromising re-

solve to tackle the insurgents with all the resources at the disposal of his government. “Make no mistake about it: this government is ever determined to discharge its fundamental duty of protecting the lives of its citizens from physical threats from any groups bent on creating chaos, confusion, and on destroying social and economic life of the people,” he further warned. President Buhari, who extended his sympathy to the families of the victims, reassured all Nigerians that his government would never tolerate to terrorist blackmail, and that our security forces would confront the Boko Haram bandits to the last man.

Describing terrorists as “cowards who lack any moral inhibition and any iota of humanity to reason compassionately”, he said they would not find Nige-

ria a safe haven, because “they would be “hunted down without mercy and compromise.” The President, however, advised Nigerian to

show more vigilance and be alert to the presence of suspicious people around them. “The terrorists are enemies of religion and hu-

manity. Mo true believers in any God would target worshipers, holy places, or people who are fasting and other innocent Nigerians,” he added.

We're cleaning Jonathan's mess CONTINUED FROM PAGE 2

the new administration until very close to the May 29 inauguration, thus compounding the smooth work of the transition committee set up by the President. He said: “Remember that he has to make sure that all these are done without job losses or mass retrenchments. All these are not a day’s or onemonth’s job.” The source also denied news reports that the absence of a cabinet in place had grounded government activities, insisting that civil servants have been supervising the day-to-day running of ministries and that permanent secretaries of the various ministries have full access to the President. “All these reports and agitations are being fuelled by politicians who want to put pressure on the President. They have tried doing it the other way but they haven’t worked. Now, they are trying to use the media. “They only want their cronies appointed to ministerial posts anyhow and they are fuelling the agitation through the media, including the social media,” the source added. He therefore advised the media not to fall for the old tricks and shenanigans of politicians, who are desperate to remain relevant

in the scheme of things. Making reference to the lingering crisis over the constitution of the leadership of the National Assembly, the source added that the crisis in the two chambers is also one of the reasons constituting a cabinet would be on hold till further notice. He said: “Look at how they are fighting among themselves. The Senate has now adjourned till July 21. That means no one to scrutinise or approve any ministerial list, even if the President has one, until the end of July.” Reminded that the Senate has agreed to reconvene to consider the President's ministerial nominees as soon as such list is ready, the source asked reporters to wait for the President’s awaited intervention in the crisis between the party and the National Assembly. “The President wants to walk his talk on stable politics and being a leader for all, he has a plan for the National Assembly,” the source added. Contacted on this issue, both Buhari’s spokesmen, Femi Adesina and Garba Shehu, said the narrative is the nearest to the truth than all the stories being peddled by many on pages of newspapers and the social media.

Former Head of State, Gen. Yakubu Gowon (right), Emir of Dutse, Alhaji Nuhu Sunusi (2nd right) and Christian leaders, during the visit of members of Nigeria Prays to Jigawa State for North-West prayer rally in Dutse, yesterday. PHOTO: NAN

LCCI cautions CBN on imported goods’ forex window exclusion CONTINUED FROM PAGE 1

canvassed a five-point measure the apex bank should take before implementing the new forex guidelines in view of the multi-dimensional implications for the nation’s economy. First, the OPS’ group stated that the policy should be put on hold pending a proper study of the demand and supply gaps in the various sectors affected by the policy. It advised that CBN should focus more on the market fundamentals and as much as possible allow market mechanism to drive the allocation of foreign exchange, explaining that the closer the rate is to equilibrium the better for the economy and less disruptive for investors. This is just as it advised the new administration to urgently set up its Economic Team and constitute its cabinet which should come up with a clear policy on trade concerning importexports, interest and exchange rates, all of which are necessary to give clear direction to the economy since some of the actions of the CBN, by implication, bother on fiscal policy measures than monetary policy. LCCI also demanded

that the ministries of National Planning, Finance and Trade and Investment should have critical inputs into policies of this nature as a necessity to stem the current uncertainty and volatilities in the economic policy space, adding that there should be an integrated approach having regard to the inter-sectoral linkages and inter dependence of sectors in the economy. It advised further that CBN should engage with stakeholders to better appreciate the dimensions of the shocks and disruptions of the policy pronouncement, saying it is important to situate policy decisions within a larger economic context than the narrow prism of monetary variables. The LCCI boss explained that the policy, if not reviewed, would put several investments at risk with implications for job losses, quality of loan assets in the banking system and the welfare of citizens and lead to the widening of exchange differentials between interbank and the parallel markets. According to him, the immediate consequence will be rampant round tripping of foreign exchange

which the CBN has limited capacity to curb, amongst other risks. Bello said: “The alternative forex markets-parallel market and the BDCs are not deep enough to meet the demand of the essential intermediate products on the exclusion list. Therefore the exclusion of the items from the forex market is as good as import prohibition. “The policy measure will lead to the widening of exchange differentials between the interbank markets and the parallel markets. The immediate consequence will be rampant round tripping of foreign exchange which the CBN has limited capacity to curb. “The CBN approach to forex allocation appears administrative in nature, a system prone to abuse and considerable corruption. It could only be likened to the import licensing era of the early eighties. “The policy has far reaching implications for investors in fabrication, construction and real estate sectors. Facilities granted to investors affected by the shock of this policy are also at the risk

of going bad.” While acknowledging the challenges of the CBN in managing foreign exchange market’s pressure over the months, especially in ensuring the stability of the exchange rate and the protection of foreign reserves, Bello said the Chamber’s recommendations were based on the likely unintended consequences of the proposed measures. According to him, many of the products on the list are intermediate goods, which are critical inputs for many manufacturing firms as well as other critical sectors of the economy. He specifically mentioned some products and sectors that would be adversely affected by the new policy to include iron rods, cold rolled sheets, wire rods, reinforcing bars, polypropylene granules, glass and glassware, the construction, real estate, fabrications, housing and others. Meanwhile, the LCCI boss said that a painstaking gap analysis to determine the domestic capacity for production vis-a- vis the demand should have preceded the policy decision by the CBN.

News

Monday, June 29, 2015

Buhari ready to improve citizens lives, says Oshiomhole

overnor Adams Oshiomhole of Edo State, yesterday, expressed optimism that President Muhammadu Buhari’s policies and programmes would impact positively on Nigerians. Oshiomhole told the News Agency of Nigeria, NAN, in Auchi, Etsako West Local Government Area of Edo State that “Buhari has the political will to make things better for Nigerians. His words: “I know that President Buhari will do better, because we had a meeting with him last week, and he is very conscious that he became a President, courtesy of the ordinary people, particularly the poor. “He is very committed at fashioning out policies and programmes, social in-

frastructure and physical infrastructure that will impact directly on the lives of the average person. “So, I can assure you that the President is determined to ensure that he justifies the confidence reposed in him.’’ The governor, however, urged Nigerians to be patient, stressing that “there will be no quick fix measures because Buhari inherited a treasury that is almost empty. “All the same, he has not come to lament that, but, he has come to give a new hope and we are more inspired now.’’ He urged Nigerians to support the President and his administration to deliver people-oriented programmes.

National Mirror www.nationalmirroronline.net

FAAN scores 93% in security audit O lusegun K oiki

ederal Airports Authority of Nigeria, FAAN, recorded 93.3 per cent in the just-concluded Aviation Security Audit of Lagos and Abuja airports. An online statement from spokesman of the agency, Mr. Yakubu Dati, stated that men of the Aviation Security, AVSEC, were spe-

cially commended for exhibiting high sense of professionalism and discipline in spite of challenges they faced as they carry out their duties. Managing Director of FAAN, Engr. Saleh Dunoma, stated this during an interaction with airport operators in Lagos. According to him, the Airport Council International, ACI, came on invitation in line with

the authority's mandate for a safe and secured airport environment. The Airport Excellence, APEX, a safety audit on the Standards and Safety of Airport facilities, was conducted at the Murtala Muhammed International Airport, MMIA, Ikeja, Lagos, and Nnamdi Azikiwe International Airport, NAIA, Abuja. The two weeks’ audit, which involved in-

spection of both day and night operations, was done to ensure that these airports maintain standards according to world's best practices. Some of the areas reviewed, according to Dati, included physical characteristics of the airport, visual aids, aerodrome manual, safety management system, airport operations, runway management and air lighting, among others.

Industrial court president advises NLC factions to resolve crisis Olusegun Koiki

igeria Labour Congress, NLC, has been advised to settle amicably the crisis currently rocking its leadership following the controversial elections of its principal officers at the 11th national delegates conference held on March 12, 2015. President, National Industrial Court of Nigeria, NICN, Babatunde Adejumo, gave the advice over the weekend to the congress when the two factions of NLC appeared before him in a legal suit between Ayuba Wabba’s faction and Joe Ajaero faction. An online media statement on behalf of the secretary general, Comrade Segun Esan, stated that Adejumo appealed to lawyers representing each of the factions to join hands to ensure amicable settlement of the lingering disputes between them. He insisted that a divided labour centre as the NLC would not bring anything good for the Nigerian worker who he described as “the engine room of the economy.” Adejumo however adjourned the case to October 8, 2015 for further hearing, but advised the parties involved in the crisis to toe the line of peace. Esan recalled that the delegates’ conference was high-

ly controversial as it was regarded as being fraught with irregularities and manipulations. The statement added: “Ayuba Wabba’s emergence as president of the NLC was unacceptable to a number of affiliate trade unions. In effect, another special national delegates conference was convened in Lagos by the Ajaero-led group in Lagos where Joe Ajaero, Igwe Achese (of NUPENG) Issa Aremu (of Textile Union), and host of others, emerged as new leaders.”

L-R: Archbishop of Kaduna Anglican Diocese/Secretary-General, Anglican Communion, Most Rev. Josiah Idowu-Fearon; former Head of State, Gen. Abdulsalam Abubakar and Mrs. Comfort Amina Fearon, during the send-off ceremony of the Fearons in Kaduna, at the weekend.

Okumagba, BGL firms’ suspension from capital market subsists —SEC Tola Akinmutimi

ecurities and Exchange Commission, SEC, yesterday declared that BGL Securities Limited, BGL Capital Limited, BGL Asset Management Limited, all BGL Groupsponsored individuals and the managing director of the group, Mr. Albert Okumagba, remain suspended from all capital market activities. A statement by the commission indicated that the management of the company had also been invited to appear before the SEC Administrative Proceedings Committee, APC, on August 4 and 5 to explain allegations of capital market infractions against the group.

It would be recalled that that the commission had suspended BGL from operating in the market over market infractions for two months following over 40 letters from investors, complaining about BGL Group Plc, and alleging indebtedness to the tune of about N5.8 billion. "Investigations were conducted and all-parties meetings were arranged by SEC during which repayment agreements were struck between BGL and some of the affected investors. Unfortunately, BGL continued reneging on promises to restitute investors,” SEC stated. The commission explained further that based on a court order from the Investments and Securities Tribunal, IST, it set up a

seven-man Interim Management Team, IMT, for BGL Group. It stated that this was a necessary, well-considered action with the sole objective of protecting investors while a more detailed forensic audit was conducted to determine the financial health of the companies within the BGL Group and the nature/extent of infractions committed by BGL management. SEC disclosed that preliminary report of the forensic auditors revealed, among other facts, that indeed the BGL Group was in a critical financial state in which the group’s management had progressively eroded its shareholders’ funds through losses sustained over a five-year pe-

riod, totaling about N48 billion as at December 31, 2014. The commission explained that the group has significant liquidity challenges, making it unable to meet its responsibilities towards clients and investors as evidenced by over N11 billion unpaid matured funds of investors. It disclosed that while the IMT, in conjunction with the forensic auditors, were conducting formal investigations, BGL obtained a Federal High Court order asking the IMT to vacate BGL premises. SEC clarified: "SEC complied with the ruling despite an existing order from the IST. In addition, BGL got another Federal High Court order mandating SEC to reverse the suspension. This

ruling was given without putting the other parties on notice (ex parte). The order has since lapsed, given the provision of the Federal High Court rules regarding all interim injunctions obtained ex parte.” Consequently, SEC reiterated that in view of the fact that the interim order has lapsed, BGL Securities Limited, BGL Capital Limited, BGL Asset Management Limited, all BGL Groupsponsored individuals (as at December 31, 2014) and Mr. Albert Okumagba remain suspended from all capital market activities. In addition, the commission stated that the affected entities and individuals had been invited to appear before the SEC APC in August to defend themselves on the

National Mirror www.nationalmirroronline.net

Monday, June 29, 2015

South West

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Group suggests N5m fine for indiscriminate tanker parking

resident, Women’s International Shipping and Trading Association, WISTA Nigeria, Mrs Jean Chiazor-Anishere, has suggested a N5 million fine for indiscriminate parking of articulated vehicles on Apapa, Tin-Can Port access road. Chiazor-Anishere, also a maritime lawyer, told the News Agency of Nigeria, NAN, on Sunday that the action would bring the needed solution to the gridlock on Apapa, TinCan ports access road. She also suggested outright confiscation of articulated vehicles found causing obstruction on the road. She said: “This will be an immediate solution to indiscriminate parking of such vehicles on the roads, especially the highways. “Government should insist that articulated vehicle drivers desist from being on the road and should be at their parking spaces by 5am.

“We have also made many propositions that government should remove the tank farms from Apapa, although this might be capital intensive. “However, removing the farms should not be an immediate solution to solving the gridlock in Apapa,” she said. Chiazor-Anishere also urged appropriate authorities to ensure that the vehicles were properly parked at approved parks. “There should be a method whereby tankers are given numbers to enable them to get to the seaport for loading of products without necessarily parking on the highways. “This can be done in such a way that at least the first 50 are called to the seaports. “If you do not have any business and you come up to the ports, then you will be fined N5 million.” She said such punitive measure would serve as deterrent to those parking such vehicles on the road.

L-R: Ojomo Oluda of Ijebu Owo, Oba Kofoworola Arulewo III; Olowo of Owo, Oba David Olateru-Olagbegi; Olori Lolade Olateru-Olagbegi; Olori Alaba Adako and Oluyere of Iyere, Oba Alaba Ebiyanmi Adako, during the traditional wedding ceremony of Prince Olaleke OlateruOlagbegi and Princess Olubunmi at Ijebu-Owo in Ondo State, at the weekend.

APC, Ekiti govt bicker over state of education Abiodun Nejo ADO EKITI

kiti State government and the state’s chapter of All Progressives Congress, APC, yesterday disagreed over condition of the education sector in the state.

The APC accused the government of commercialising education and killing legacies of the late Chief Obafemi Awolowo in the sector. But the government denied the allegation, saying the Peoples Democratic Party, PDP, administration

Ex-FUTA VC found dead ...driver, security guard fingered Ojo Oyewamide AKURE

even days after he was declared missing, the decomposing body of former Vice-Chancellor of Federal University of Technology, Akure, FUTA, Prof Albert Ilemobade, was yesterday found in one of the stores in his Ijapo residence, Ondo State. Sources alleged that the former chairman of Committee of Vice-Chancellors was murdered by his driver, Yemi, and security guard, Daniel. The two suspects have been arrested in Ogun State by a team of policemen while trying to sell a car that belonged to the deceased. It was learnt that the suspects confessed during interrogation that the SUV car belonged to their boss and that they had mur-

dered him. The decomposing body of the former vice chancellor was discovered where it was kept and later taken to the morgue. Ilemobade, his driver and security guard were last Monday declared missing. It was erroneously believed that the former vice chancellor was abducted by kidnappers, prompting relatives, church members and friends to pray and call for his release. Vicar of Vinning College, Akure, Dr. Ayodeji Fagbemi, described the death of Ilemobade as shocking, saying many thought he was kidnapped. He said: “We were together in church on Sunday. It was Father’s Day last Sunday and as usual, he was very active in our Bible study, making his contribution. During the time of thanksgiving, he danced.

“On Monday morning, we were called that he was not found. It was a very disturbing development for us. We came here straight away. The police and all of us met at the gate. “Right from the front, the gate was padlocked. There was no way anybody could get in. Mama was inside and we were out there. We could only exchange words. Later, we called iron bender to cut the padlocks. And then we entered. We saw his wristwatch just in front of the security post within the compound. “We also found that his slippers had been flung to the other side of the road. We noticed that his red car had been taken away. We have since been around, church members, friends and everybody to support them, to encourage Mama that frantic efforts were being made to get him freed. “I sent a text message to his phone number and his children were doing

the same to encourage him that those who were responsible for his abduction would ultimately return him even if they had to ask for a ransom. “It got to a time we were all getting agitated, wondering why it was taking time to release him. We were still hoping that with our efforts and prayers and efforts of the security operatives that his abductors would be apprehended and that he would be returned to us. “Everyday, our people have been coming here to pray. Even today, we still prayed for him. But I was called to come and see them here. In fact Mama was resting. “I was told that he was actually killed. It was shocking. I had to go back to the church to disperse the people, and told them the news. While we were thinking he was (abducted), he must have been killed here.”

was at present making efforts to restore education allegedly killed by the last APC administration in the state. APC Publicity Secretary, Taiwo Olatunbosun, yesterday in a statement in Ado-Ekiti said the recent announcement by the governor on the need to commercialise basic education was a disservice to the memory of the late sage. “It is another rape on the constitution of Nigeria, which guarantees Free Universal Basic Education from primary school to JSS3. Olatubosun lamented that by “the insensitive policy” the governor had marked himself out as “the last bastion of conservative partisans insensitive to universal quest to acquire basic education.” He regretted that the governor was interested in money-making instead of playing a role that would give citizens hope to survive in a competitive world where education is the vehicle for social and economic mobility. The APC spokesman urged the governor to reduce the burdens on parents he promised to help during his campaigns, saying parents and students had become distraught over the new circular by government that primary school pupils

should pay N550 examination fee while students in JSS 3 and SS2 pay N1,000 each. He said: “This is another hardship foisted on parents who are already impoverished by the poverty-friendly administration of Fayose. Governor Fayose’s lame excuse during his recent media chat on the state media that pupils and students of free education are not always brilliant is ignorance taken too far. It reveals the lack of understanding and deep-seated contempt the governor has for education. “Many successful professionals in the Southwest today are products of Obafemi Awolowo’s free education policy of the then Western Region. Therefore, we are at a loss how Fayose arrived at his conclusion,” he said. But the state government, in a statement by the Special Assistant to the Governor on Public Communications, Mr Lere Olayinka, said it was not planning to commercialise basic education in the State as alleged by APC. Olayinka said: “APC government of Dr Kayode Fayemi killed education in the state and the Fayose-led PDP government is trying all it can to restore the lost glory of the state in the education sector.”

National Mirror www.nationalmirroronline.net

South West 9

Monday, June 29, 2015

Aregbesola’s impeachment: Resign now, APC tells Justice Oloyede

…accuses judge of rehearsing PDP’s allegations Boladale Bamigbola OSOGBO.

ll Progressives Congress, APC, Osun State chapter, yesterday took on Justice Olamide Folahanmi Oloyede, who petitioned the state’s House of Assembly, demanding the probe of Governor Rauf Aregbesola. The party accused the judge of rehearsing “all the baseless allegations made by the Peoples Democratic Party, PDP, in recent time.” It subsequently told Oloyede to resign her position as High Court judge in the state, “before ganging up with the opposition

to destroy the state government.” In APC’s first official reaction to the petition of Justice Oloyede, the party, in a statement signed by Barrister Kunle Oyatomi, copies of which were made available to newsmen in Osogbo, said: “It is a gross abuse of the privileges of her office to use the platform of the state’s judiciary to mount open and destructive challenge against the state’s chief executive, who is her boss in government. “The ethics of her status in this government prohibits such frontal challenge,” the APC argued, but conceded that “if the judge is determined to

bring down Aregbesola’s government, as her petition so clearly indicates, it would be dishonorable of her to remain in government. “She is therefore, advised to resign immediately so that she will be free to pursue her delight outside the platform of government.” The statement added: “Whereas the judge, as a free citizen, has a right to

express herself on matters affecting the country and her environment, as a judge of the state High Court, she is ethically and morally restrained from making pronouncements that would be prejudicial to the administration of justice.” The party referred to the speech of Governor Aregbesola at the inauguration of the state’s 6th House of Assembly

on June 2, 2015, where he gave a comprehensive note as a counterpoise to what is contained in Justice Oloyede’s petition. “We make bold to assert that Justice Oloyede’s petition is a ‘hate’ document laced with puerile sentiments and emotive overflow that could only come from a soul burdened with destructive hatred. “Now that Justice Oloyede is distancing her-

self from the government of the state of Osun with the kind of venom and hate language profusely used in her petition, her continued stay in government is no longer tenable because she is irredeemably hateful of the person of the state governor and would never be able to dispense justice any longer in cases where the government is involved,” the party concluded.

NANS mourns death of 11 OOU students

ational Association of Nigerian Students, NANS, is mourning the death of 11 students of Olabisi Onabanjo University, OOU, Ago Iwoye, Ogun State, who lost their lives on Friday in a road mishap. Vice president (National Affairs) of NANS, Ayenuro Gbenga, expressed the mood of the association in a statement made available to newsmen yesterday in Akure. He said: “It is with caring thoughts that the national secretariat of NANS regrets and commiserates with teeming Nigerian students and the OOU, Ago-Iwoye, over the death of 11 students of the institution. “We learnt that an unlatched 20-feet container from a moving truck came off when the driver was driving against traffic and in a bid to avoid obstruction, the container fell on the passenger-bus conveying some students at the Lagos-Ibadan Expressway. “Words seem inadequate to express our sadness over the incident. “On behalf of the National Secretariat, I send this in our grieving process with sincere sympathy. “The loss of a loved one is always an unfathomable tragedy which is compounded when such death occurs at an unripe age.

“May their hearts and souls find peace and comfort.’’ The association wished the students union government of the institution, the deceased’s families and entire university community peace and courage to face the days ahead and loving memories to forever hold in their hearts.

L-R: Sen. Oluremi Tinubu; APC leader, Lagos Central Senatorial District, Prince Tajudeen Olusi and former Commissioner for Home Affairs, Hon. Babatunde Balogun, during the presentation of 220 GCE forms to the senatorial district, in Lagos, at the weekend.

‘Insurance premium to hit N10trn in 5 years’

hairman of Insurance Industry Consultative Council, IICC, Mr. Bola Temowo, yesterday said gross premium of the Nigerian insurance industry would hit N10trn in the next five years. Temowo, who disclosed this in Lagos, said the last financial result of the industry signified great prospects for the industry and Nigeria in general. According to him, Nigeria’s insurance industry premium as at 2014 financial report hit N1.8 trillion. “The industry’s gross premium record also hit N302.105 billion at the end of 2014, a high shoot from the N69.4b of 2004. “The industry’s assets also improved tremendously with a value of N793.6 billion at the end

of first quarter this year, showing great signs of further growth,” he said. He said IICC envisages that potentials presented by the industry’s 2014 financial reports would enable it hit N10 trillion in the next five years. Temowo explained that countries with these financial indicators would

end up with viable insurance in not too distant future. “The Swiss Reinsurance estimated that the potentials of life insurance in Asia may top USD 40 trillion. “Swiss Reinsurance, before the potentials, realised that new customers needed to be brought into

the market and that they would require financial education. “Swiss Reinsurance leveraged on this and achieved greater results. “In Latin America, insurers are physically ‘packing up’ products in things and placing them in supermarket in order to associate insurance with

shopping patterns that customers are already familiar with. “This helped created trust and support financial education. “Alianza Sequros, in Columbia, has packaged policies in boxes and cans like any other consumer goods so that a customer can read and add to the cart.

Ebola, insecurity blamed for drop in Africa’s airline traffic

irline Operators of Nigeria, AON, yesterday blamed the outbreak of Ebola Virus Disease and insecurity for decline in Africa’s airline traffic. President of the group, Capt. Nogie Meggison, said this during an interview with the News Agency of Nigeria, NAN, in Lagos. NAN reports that the

International Air Transport Association, IATA, announced a decline in Africa’s airlines traffic between April 2014 and April 2015. The IATA’s report said African airlines’ traffic fell by 3.2 per cent in the year under review as capacity dropped 5.0 per cent. It also said the spell resulted in a 1.3 percentage

point rise in load factor to 67.5 per cent. Meggison said the outbreak of Ebola in some African countries, including Nigeria, during the period had a negative impact on air travel across the continent. “There was a drop because of Ebola. It affected airline operations in the continent because of the contagious and deadly

nature of the disease,” he said. He said the activities of militant groups like Boko Haram in Nigeria, Al-Shabab in East Africa and ISIS in Libya were factors that reduced air passenger traffic. “The Maiduguri Airport was closed for a very long time because of Boko Haram attacks. This affected air traffic in the region.

South East

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Ndigbo hails FG’s unbanning of textile, furniture imports

L-R: Chief Superintendent of Prisons, Dr. Chijioke Onwe; Comptroller of Prisons, Enugu Command, Mr. Ikechukwu Uchenwa and Deputy Comptroller of Prisons, Mr. Fred Akam, during a reception for newly promoted officers of Enugu Prisons Command in Enugu, yesterday. PHOTO: NAN

Student, 15, commits suicide in Imo Chris Njoku OWERRI

15-year-old secondary school student identified as Pascal Egbosimba, from Ntueke in Ideato South Local Government Area of Imo State, reportedly took his life over the weekend. The deceased, a senior secondary 2 student of Passion Model Secondary School, Egbu Uratta, committed suicide in his Egbu Layout residence in Uratta, Owerri North Local Government Area of the state. It was learnt that Pascal

used an extension cable to hang himself to a ceiling fan at midnight when his mother went for vigil. Sources told National Mirror that the deceased hung himself in the presence of his younger sister and brother, who are about five and three years old, respectively. When our correspondent visited the scene, sympathisers were consoling the deceased’s mother, while his corpse was still dangling from the ceiling as at 6:30pm on Friday. Mother of the deceased wept uncontrollably, saying she did not scold the

boy and that there was no reason for him to take his own life. Sources close to the family said the incident was too mysterious to comprehend as the boy was the quiet type who had no quarrel with anyone. One of his classmates at Passion Model Secondary School, who is also a close friend, disclosed in confidence that the deceased had told him the previous day that he was “smelling death; but I took it as a joke. I didn’t know he meant it.” Another witness said the boy might have con-

tacted a very deadly disease which he probably would not want anybody to be aware of and therefore decided to end his life. A close family said the deceased’s mother had a fortnight ago dreamt that one of her children would die and as result, she had been attending various churches in an attempt to stop any evil from befalling her family. When contacted, the officers on duty at the Uratta Police Divisional Headquarters confirmed the incident and said the DPO had just visited the compound for more details.

Ebonyi uncovers plot to make state ungovernable —Gov’s aide Aliuna Godwin ABAKALIKI

overnor Dave Umahi of Ebonyi State yesterday stated that government had uncovered a plot by politicians, who contested the governorship position in various political parties but failed, to make the state ungovernable. Senior special adviser to the governor, Mr. Ali Odefa, made this known while briefing journalists in Abakaliki. Governor Umahi condemned in strong terms the unwholesome activities of the immediate past cabinet members. Said he, “We have un-

covered a plot designed by the opposition, especially those governorship aspirants, who contested election but lost, to undermine the government. They have resolved to make the state ungovernable for the present administration. It is a threat we must take very seriously. They have vowed that they would make the state ungovernable for us, using thugs they had earlier armed to unleash mayhem during the elections. “Our message to the youths is that they should not allow themselves to be used by these desperate politicians because the man that used them

will not follow them to the prison or face the wrath of the law." Odefa restated the commitment of the present administration to fight cultism, prevent breakdown of law and order by hoodlums just as he revealed the preparedness of the governor to provide adequate security for lives and properties of all Ebonyians. His words: “The security challenges are not peculiar to any particular state in the federation. Ebonyi State is experiencing security problems, but I can assure you that the government is doing everything possible to make sure

the situation is arrested and combated to a logical conclusion. “In the past few days the people of the state have experienced assault, killings, cult-related violence, robbery attacks etc. Immediately after my appointment, I had several meetings with security agencies and government is poised to partner with them seriously to make sure that the ugly trends are combated. “At the moment, the state is safe; the situation is gradually being arrested and as we move on, we will unfold and implement our security plans for the state.

group, Ndigbo Cultural Society of Nigeria, NCSN, yesterday commended the Federal Government for its decision to lift ban on importation of textile and furniture products. The group made the commendation in a statement signed by its President, Chief Udoka Udeogaranya, in Lagos. Federal Government through ComptrollerGeneral of Nigeria Customs Service, NCS, Alhaji Abdullahi Dikko, announced lifting of the ban on June 22. Dikko, who spoke at the official launch of implementation of the Economic Community of West African States, ECOWAS, and the Common External Tariff, CET, said Nigerians could now import textile materials subject to payment of the right duty. The statement said the decision clearly showed that Nigeria could no longer play local politics with issues bordering on the economy. “With Nigeria’s dwindling oil fortune, state governments of the federation unable to pay salaries and the Federal Gov-

ernment in dire need of funds for capital projects, this sound economic decision clearly underscores the fact that Nigeria can no longer play local politics with issues bordering on the economy,” it said. The group called on those asking for a reversal of the policy to put the nation first. “Unionists crying foul over this sound policy should try to accept the reality and put the nation first before their personal interests. “They should understand that for a thriving manufacturing sector to exist, the country will have to provide the necessary infrastructure. “We will need constant electricity supply, good transportation networks, solid financing and near perfect security system,” it said. The group said it is not in doubt that the informal sector of the country is responsible for well over 98 per cent of the economic activities in Nigeria. The group therefore, urged President Muhammadu Buhari to continue to make policies that would enhance the good of the people.

S’East APC denies alleged relocation of Boko Haram suspects to Anambra

outh East chapter of the All Progressives Congress, APC, yesterday denied that the Federal Government was planning to transfer some Boko Haram suspects to Ekwulobia Prison in Aguata Local Government Area of Anambra State. It would be recalled that traders at the weekend paralysed commercial activities in the state over the alleged planned relocation. But, APC spokesperson in the South East, Mr. Osita Okechukwu, described the report as “blatant falsehood,” adding that there was no such plan. According to him, the party got in touch with the presidency over the report, which he said was denied. He said: “We wish to state categorically that the rumour making the rounds that Boko Haram detainees will be trans-

ferred to Anambra State or any other state for that matter is blatant falsehood. “We have made contacts with the presidency, Nigeria Prison Service, Ministry of Internal Affairs and they have assured us that there is no iota of truth in the mischievous rumour. “In the clarification, Nigeria Prison Service stated unequivocally that, ‘most of the terror suspects are awaiting trial and so there is no way they can be moved to another state, because they must be tried in the state where they committed the crime.’ “They went further to state that their primary and traditional duty is to move detainees from prison to trial courts, adding that moving high profile suspects from a distance more than 1,000 kilometers - from Maiduguri to Onitsha will be very difficult.”

National Mirror www.nationalmirroronline.net

Rivers to amend anti-kidnapping law Dennis Naku

PORT HARCOURT

ivers State government has revealed plan to amend anti-kidnapping law in the state to enable it demolish or seize the property of kidnappers. Governor Nyesom Wike, who stated this yesterday during a special thanksgiving service at the Royal House of Grace in Port Harcourt, said a Bill would be sent to the House of Assembly to that effect. The governor promised to ensure that under his watch, no kidnapper or sponsor of the crime benefits from proceeds of the wicked act. "Under our watch, no kidnapper or their sponsors will enjoy benefits of the crime. The Attorney General of the state has brought the bill and it will soon be sent to Rivers State House of Assembly," the governor said. He further said his administration will take firm action against cultism, pointing out that security agencies would be empowered to arrest cultists and rid the state of crime. He said insecurity as a result of kidnapping and cultism have brought negative publicity to Rivers, adding that it was time these were decisively dealt with. Wike pledged to do everything possible to make Rivers people live in comfort and enjoy the benefits of good governance. He explained that it was not time for complaints, but time to rebuild Rivers and make the state work for all and sundry. Chairman of Christian Association of Nigeria in the state, Apostle Zilly Aggrey, urged the government to take measures to improve the living condition of ordinary people of the state. Meanwhile, Governor Wike has decried the poor state of the Bori and Emuoha general hospitals in the state, promising to rehabilitate them. Wike made the promise at the weekend while

on an unscheduled visit to the two hospitals in Emuoha and Khana local government areas of the state respectively. At Bori General Hospital, the patients who were happy to see the governor lamented the dearth of facilities to save lives. Responding, the governor ordered the permanent secretary, Ministry of Health, Dr. Somieari Harry, and the chairman of Rivers State Health Management Board, Dr Okikere Iragunima, to submit within two weeks a proposal that will give the hospital a face-lift. He warned that the proposal must include budget for necessary equipment. In his contribution, Iragunima said the hospital receives about 3,000 patients monthly despite its poor condition, stressing that it serves five local government areas, namely Khana, Gokana, Tai, Andoni and Opobo/ Nkoro. He lamented that the hospital which was built by the colonial government has been ignored by successive governments in the state. Wike, who also visited the official residential quarters of the doctors and nurses, ordered that a budget on befitting quarters be submitted to him within two weeks. At Emohua General Hospital, the governor expressed sadness at the state of facilities, saying the buildings were put up before the country’s independence and were now derelict. He maintained that these must be demolished and new ones built. He further directed that access road and security be provided.

Delta APC chides gov over state’s indebtedness Amour Udemude ASABA

elta State chapter of the All Progressives Congress, APC, has joined in condemnations trailing last week’s revelation of Governor Ifeanyi Okowa on indebtedness of the state while briefing House of Assembly members on the state’s finances. Governor Okowa had last Thursday accused former Governor Emmanuel Uduaghan's administration of plunging the state into debt running into several hundreds of billions of naira. Reacting to Okowa's revelations, APC in a statement signed by media adviser, Mr. Martins Mukoro, and made available to National Mirror yesterday,

Okowa

chastised the governor, saying he was only playing to the gallery and being disingenuous in his recent reported statement over the state’s financial mess "he allegedly inherited from his predecessor. "Okowa has no moral excuse to attempt to distance himself as if he were an on-looker while the state was being wrecked. Okowa was not

an on-looker but a key participant and a major co-conspirator and he’s in no position to rescue Delta from the mess created by him and former PDP administrations." While describing Okowa's statement on the state’s treasury as an embarrassment and insult to the sensibility of Deltans, the APC media adviser stated that Okowa was only shedding crocodile tears over the huge debt profile of the state totalling over N600 billion, which his predecessor left behind. According to the party, the governor was merely setting the stage by crying wolf to divert attention in order to lay foundation for him to borrow more money to plunge the state into deeper financial crisis.

"The APC recalls having earlier forewarned Deltans, during the campaigns, that Okowa represents no change except more of the same of PDP's 16 years of misrule. From GovernorOkowa's days as commissioner, multiple times under former governorIbori to his days as Secretary to the Government under Uduaghan, (PDP) accumulated these debts.” The APC therefore charged all Deltans to, as a matter of urgency, brace up for the change that has been delayed and be ready to seize the opportunity of the expected re-run that may soon be ordered by the ongoing election tribunal and support APC at all levels to effect the desired change that will bring relief, fresh air and freedom to the state.

L-R: Vice Chairman, Central PDP, Delta State, Chief Tom Amioku; Senior Political Adviser to Governor Okowa, Chief Festus Ochonogor and State Chairman, PDP, Chief Edwin Uzor, during a visit to the leadership of Delta PDP at the party's secretariat in Asaba, over the weekend.

Police boss bags award for fighting crime Sebastine Ebhuomhan BENIN

Wike

South South

Monday, June 29, 2015

arely three months at the helm of affairs, accolades have started coming the way of Inspector-General of Police, IGP Solomon Arase, in apparent appreciation of his sincere and genuine efforts to safeguard lives and properties in the country. Arase, who was appointed during President Goodluck Jonathan’s last days

in power, will scoop an award on Wednesday, July 1, for tackling the hitherto untouchable cult gangs that made Edo, Delta, Bayelsa, Akwa Ibom, Rivers and other states unsafe for social, political and economic activities. The Award of Excellence would be conferred on the police boss during a courtesy and solidarity visit to his office at the Nigeria Police headquarters, Abuja, by leadership of the Initiative for Youth

Awareness on Migration, Immigration, Development and Reintegration, IYAMIDR. President of IYAMIDR, Solomon Okoduwa, who disclosed this yesterday in Benin City, said the organisation was recognising the police boss for his leadership style, giant strides and an impactful contribution in a short time, which has brought about safer and egalitarian society in Edo State. Okoduwa, while not-

ing the impact of Arase’s leadership on lives and properties in Edo, said the IGP’s creation of a crack team of 1,000 special police taskforce had curbed cultism and other dangerous crimes in the country. He said before now, Edo was a haven of cultists who spearheaded open brigandage and impunity as well as other deadly criminal activities like kidnapping, rape and assault without fear of the security agencies in the state.

North

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Plateau attacks: 276 killed since January, says Rep JAMES ABRAHAM JOS

bout 276 persons have been killed by gunmen in two local government areas of Plateau State, while 350 escaped with near fatal injuries since January this year. Member representing Rıyom and Barkın Ladi federal constituency in the National Assembly, Istıfanus Gyang, disclosed this to journalists at the weekend. He identified his constituency as the location the violence occurred, and blamed the Federal Government for the unending bloodbath in the state. Making references from a document of proceeding in the House, Gyang said the deaths

and injuries resulted from attacks on 38 rural communities within Barkin-Ladi and Riyom council areas. The lawmaker stressed that the constant acts of violence in Barkin-Ladi and Riyom needed to be viewed and treated by the Federal Government as acts of terrorism if it were to be effectively curtailed. He noted that inability of security agents to identify the attackers, who were consequently often simply described as ‘unknown gunmen’, was a major failure, charging the Federal Government to urgently address such failure. He said: “The policy implementing executive arm of the federal government should classify the attacks as acts of terrorism and get the In-

NIPC: Group kicks against executive secretary’s reinstatement ADEOLA TUKURU ABUJA

civil rights group, Nigerian Democratic Front, NDF, has kicked against planned reinstatement of dismissed Executive Secretary of Nigerian Investment Promotion Council, NIPC, Saratu Umar, by President Muhammadu Buhari. The group, which made the call yesterday during a press briefing in Abuja, appealed to the president to look properly into why Umar was dismissed before trying to reinstate her as, according to them, her dismissal was for failed performance. Addressing newsmen, leader of the group, Comrade Philip Agbese, admonished the president

to desist from sacrificing competence on the altar of mediocrity, noting that Umar has severally been dismissed at different instances in her working career, adding that anyone with such working history should be deemed unemployable by any government that is serious about results. According to Agbese, Umar had before her appointment as Executive Secretary of NIPC been summarily dismissed from the services of the Nigerian Export-Import Bank, NEXIM, on grounds of underperformance. The group also called on Umar to “desist from playing the religion card as a tool to gain sympathy, as Nigerians have shown they have gone past religious sentiments.”

spector General of Police to identify and prosecute the attackers.” He also urged the government to work on the Special Task Force, STF,

which was established to tackle the peculiar security challenge in Plateau, and make it “more decisive and proactive in curtailing the terror attacks

coalition of civil society groups in Abuja have called for the sack of Executive Secretary, Tertiary Education Trust Fund, TETFund, Prof. Sulei-

man Bogoro. The coalition led by one Idris Mohammed, said the fund’s boss was capable of secretly funding the Peoples Democratic Party, PDP, adding that several petitions had been forwarded to the Economic and Financial

country and design a security architecture that can safeguard rights of the citizens and arrest any further terror attacks.

Archbishop of Jos, Most Rev. Ignatius Kaigama (left) and new Chief Imam of Jos, Sheikh Muhammad Lawal, during the visit of Kaigama to congratulate Lawal on his appointment in Jos, yesterday. PHOTO: NAN

‘Nigerian prisoners live on N450 per day’ OMEIZA AJAYI ABUJA

rked by reports alleging that each inmate of Nigerian Prisons live on N3.50k day, ComptrollerGeneral of Nigeria Prisons Service, NPS, Dr Peter Ekpendu, has said the inmates were fed on a daily allowance of N450 per day. The report credited to National coordinator of Legal Defence and Assistance Project, LEDAP, Mr. Chino Obiagwu, had put the daily feeding allowance for prisoners in Nigeria at N3.50k. This amount, Obiagwu said, was only recently reviewed from the previous N2.10k. However, in a statement signed by Public Relations Officer of the Service, DCP Francis Enobore, the Comptroller-General de-

scribed the statement as untrue and a mere fabrication of the author to achieve an unknown aim. “In January 2015, the Federal Government increased feeding allowance for prison inmates from N200 to N300 per prisoner per day excluding allowance for ga,s which is N150 per inmate per day. The total provision for feeding prisoners in Nigerian Prison is N450 per prisoner per day,” he stated. The statement said it was rather unfortunate that the NGO in question neither deemed it fit to invite any prison officer to the programme purportedly organised for the prisons nor did they seek clarifications on the true feeding arrangements for prisoners before making such statement. The prisons boss noted that insidious and sensa-

Groups want TETfund boss sacked OMEIZA AJAYI

and recover occupied territories.” He further urged government to do a comprehensive security mapping of the entire

Crimes Commission, EFCC, but were unattended to during the last PDP Federal Government. He said Bogoro, as a staunch member of PDP, has no business presiding over affairs of the fund, alleging that he was capable of secret-

ly funding his party through his office. “You will discover that before now, different groups have been sending petitions to the EFCC and other anticorruption agencies to probe activities of the fund under Prof. Suleiman Bogoro.

tionalised stories about the prison to curry favour from sponsors and donor agencies can only damage the nation’s collective image. “Much as Prisons Authority is not averse to the intervention of NGOs, CBOs, FBOs and other de-

velopment partners in addressing some challenges facing the system, it however takes exception to unverified statements capable of ridiculing the organisation and bringing the reputation of the nation to opprobrium,” the statement added.

Insurgency: Mubi Poly begins lectures today

ederal Polytechnic, Mubi, Adamawa State, which shut down in October 2014 in the wake of Boko Haram invasion of the town, has re-opened for academic activities, says Director of Information and Protocol, Mr Philip Ndalamu. Ndalamu disclosed this yesterday to News Agency of Nigeria, NAN, in Yola, saying lectures will commence on Monday. “We reopened three weeks ago and staffers have equally resumed work. Arrangements have been put in place for students, who have been returning, to commence

lectures on Monday,” he said, adding that major repair works on structures damaged by the insurgents had been concluded. The College of Health Technology, Mubi, which was similarly closed during the insurgency, reopened three months ago, though Adamawa State University, also located in the town, is yet to resume. Although workers of the university have resumed, repair work on damaged infrastructure is still on. The insurgents had damaged basic infrastructure in the university.

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Politics

Tinubu: Courage in the face of adversity

peeches are not just made; they are either made to make or mar. While good speeches have the ability to rouse a nation to action and give them concrete hopes, a bad one would just do the opposite.

President Muhammadu Buhari’s inaugural speech on May 29 may not have been an exactly bad one. Unfortunately, it was not a good one either, as it failed the key parameters of measuring a good inaugural address. As many analysts have observed, there was no silver lining in the speech laying out a new framework for the emergence of a new Nigeria. In fact, Buhari’s speech was not any different from those of Nigeria’s past leaders. They failed to give accurate assessment of the deep-rooted causes of the Nigerian problem and as well encourage a quantitative and qualitative assessment or judgment. In the speech, the President talked about the states and local government joint account. It is heartwarming that he has said he will not encourage corruption in all tiers of government. He did not however outline how he intends to do that, but many have now alleged that he may want to delve into matters that fall exclusively under the states. Buhari then opened the “Book of Lamentations” when talked about the tremendous challenges that Nigeria currently faces. Among them are insecurity, fuel and power shortages, endemic corruption, impunity and many more. It would have made more sense if he had consequently outlined new directions, initiatives, new structures or federation and a proposed set of new legislations to tackle the problems. He had said: “The amnesty programme in the Niger Delta is due to end in December, but government intends to invest heavily in the projects, and programmes currently in place.” Now, that is clearly ambiguous, for, if you concede that the programme is due to end in the next six months, how again do you intend to “invest heavily in the projects”? For an administration that has not yet gotten its bearing right and still foot-dragging on making some key appointments, how does the President intend to carry out these “heavy” investments? Then he goes further to disclose of his resolve to commission a sociological study to identify the root causes of Boko Haram insurgency and their sponsors at the end of hostilities when the group is subdued. Does a man delve into a river without knowing its depth? What guarantee does he have that he will come out alive to now seek to ascertain its depth? Yes, you could have a commission of inquiry at the end of a crisis, but again, to effectively tackle an illness, one needs to first identify its causes that one does not end up treating the symptom and leaving the ailment to fester on. And what if the insurgency outlasts Buhari’s administration? That would mean leaving office without being able to concretise his pledge to “identify, arrest and prosecute” the sponsors of the group. Would this not be a violation of his campaign promise? President Buhari and many leaders of his party, the All Progressives Congress, APC, have been in and around the corridors of power for so long and one had hoped that they would have sufficient insight into governance. This was probably why many Nigerians took them very serious on their promise to rescue the Chibok girls and also win the war on insurgency within their first two months in power. When people lay claim to governance and the ability to solve problems, it is taken for granted that they have already diagnosed the problems and have immediate solutions. It is a huge error for the President to now say he will commission a study to identify, arrest and

Buhari’s inaugural speech: Tall on promises, short on vision OMEIZA AJAYI revisits President Muhammadu Buhari’s inaugural address, describing it as a mere wish-list, apparently tall on promises but depressingly short on vision.

Perhaps, the only part of the speech which has been hailed by a section of

Nigerians

is where the president said he belonged to everybody and to nobody.

Buhari

prosecute sponsors of Boko Haram. This is a top-tobottom approach and it is not always the best. The president also talked about “relocating” the military Command and Control Centre to Maiduguri. This is an indictment on his sense of tactical military judgment. Till today, what the military has been able to do is a mere replication of such centre in Maiduguri, for, it would have been fool-hardy and very tasking to relocate the entire centre to Borno State. On international relations, the President missed an opportunity to state clearly what Nigeria’s foreign policy-thrust would be. With about 50 Heads of State or their representatives in attendance, the president would have at least given a hint about this.

Unfortunately, he showed that he was not ready to lead Africa when he assured “our neighbours in the Sub-region and our African brethren... that Nigeria under our administration will be ready to play ANY leadership role that Africa expects of it.” How can Nigeria, the so-called “Giant of Africa” wait on her smaller neighbours to give it direction as to what leadership role to play? Then, he went further to thank the governments and people of Cameroon, Chad and Niger for committing their armed forces to fight Boko Haram in Nigeria. Did these countries actually commit their resources to fight Boko Haram in Nigeria? Were they not lackadaisical in the fight against insurgency? They only began to join in the fight when Boko Haram began to strike them. Again, Nigeria cannot claim to have defeated Boko Haram if it has not rescued the Chibok girls, said the President. Is it now given, that if the girls are rescued today, then Boko Haram has been defeated? This is standing logic on its head. Perhaps, the only part of the speech which has been hailed by a section of Nigerians is where the president said he belonged to everybody and to nobody. Unfortunately, even that has become a subject of discourse in plagiarism as many writers have accused the president of the greatest sin in literary arts.

Lagos PDP hails Edo tribunal, admonishes Lagos panel Deborah Didi

agos State Peoples Democratic Party, PDP, has hailed the outcome of the House of Assembly Election Petition Tribunal which has now declared a PDP candidate winner of the election. The panel had decided the case on the neglect of

the All progressives Congress, APC, to conduct its primary given the 21 days notice as prescribed in Section 85 of the electoral Act. Commending the judgment, PDP, in a release signed by its Publicity secretary, Taofeek Gani and made available to National Mirror, particularly noted that the judgment came about because of the readiness and sincerity of

the panelists to do justice according to the requirements of the law, no matter who it benefits. Lagos PDP therefore admonished the panelists in the Lagos gubernatorial and legislative panels to do justice. It said: “We welcome the Edo judgment because first, it has further strengthened our election jurisprudence that laws

and guidelines meant for elections to guarantee fair play must be sacrosanct and observed, irrespective of the players. “Second, it is exciting to us because the same contraption also occurred in Lagos State and we expect that the panelists will also do justice and eschew any issue of technicality aimed at circumventing justice.”

Politics

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Tinubu: Courage in the face of adversity Robert Boroffice

o be alive is to know the fear of death, and to be human, fear of every kind. From the womb, we are conditioned and excited by it, ashamed of it, yet ultimately governed by it. This is why fear is the main tool of any dictatorship. A sage once said: “It is not life that matters, but the courage you bring into it.” On the surface, this statement seems paradoxical; after all, the dead are incapable of courage, so how can courage be more important than life? But it is true. Any man or woman can live a life hidden in the darkness of fear, but every accomplishment in life demands courage, and courage demands self-sacrifice. To achieve success, one must risk failure. To win, you have to submit yourself to the possibility of defeat. Does this then mean that our lives matter only as much as goals and accomplishments or how much we have sacrificed are concerned? Of what value is the courage of a thief, a murderer or a dictator? Once again, “it is not life that matters, but the courage you bring into it.” If your courage inspires fear in others, then the impact of your life is a negative one and it is the lives of others you have sacrificed for your own gain. If, on the other hand, you show courage, and your courage and self-sacrifice inspire the same in others, then your life is of great value. We know of men and women like this throughout history: Jesus Christ, Joan of Arc, Nelson Mandela, Martin Luther King, people whose courage led them to great exploits, whose sacrifice etched their names in history, heroes for their just cause. If Nigerian democracy is a just cause, then former governor of Lagos State, Asiwaju Bola Ahmed Tinubu is one of such heroes. He was a chieftain of the National Democratic Coalition, NADECO, resisting the obnoxious Sani Abacha regime, going into exile in order to provide logistical support for Radio Kudirat, then the mouthpiece of the opposition.

Tinubu

In his first term as governor of Lagos State, Tinubu warned his fellow party members in Alliance for democracy, AD, against cooperating with the Peoples Democratic Party, PDP, in 2003. His advice went unheeded and, as a consequence, he was the last of the AD governors left standing in the wake of the Olusegun Obasanjo political tsunami. Alone, but undaunted, he pressed forward with politi-

cal reforms in his second term, despite every attempt of the Obasanjo administration to lay political siege on his governorship. When the statutory allocations for Lagos State local governments were denied, Tinubu improved the state’s Internal Revenue Generation, IGR, harnessing the economic strength of Lagos to deliver on the ambitious promises of progressive governance. Not content with the vindication of his stewardship in Lagos State, Tinubu once again fought to build a new progressive party from the ashes of AD. Despite resistance from the Afenifere, who mischaracterised his political vision as an attempt to hijack Yoruba leadership, his courage nevertheless inspired leaders and voters alike in Ogun, Oyo and Osun states to abandon the PDP and pitch their tent with the defunct Action Congress, which later metamorphosed into the defunct Action Congress of Nigeria, ACN. But it was the joint effort with Muhammadu Buhari and Ogbonaya Onu to integrate their parties and midwife the All progressives Congress, APC, that would turn the tide in Nigeria’s democratic journey in a manner never seen before, producing Buhari, himself a man of courage, as the President of Nigeria. There is no question as to the greatness of Tinubu’s political acumen and skill; Nigeria never fails to produce individuals of remarkable talent. But he stands alone today as a national political champion and leader of the Yoruba people, because of his uncommon courage and his willingness to make personal sacrifices so that the cause of good governance might go the distance. Like all heroes, Tinubu has faced betrayals, insinuations and stigma; he has been maligned by those whose personal ambitions are threatened by his prominence. But those who seek to demystify him do so in vain, for there is nothing mysterious about courage. •Boroffice, a former Director-General of National Space Research and Development Agency, NASRDA, is senator representing Ondo North in the red chamber of the National Assembly.

I’ll use my resources to ensure Niger gov succeeds –Kantigi

PDP lawmakers’ll resist APC’s dictatorial moves –Senator

Priscilla Dennis

ADO EKITI

MINNA

eoples Democratic Party, PDP, deputy governorship can-

didate in Niger State, Alhaji Liman Kantigi, has vowed to use his resources to wage war against any group within the PDP out to distract the administration of Governor Abubakar Sani Bello of the All Progressives Congress, APC, from working for the good of the state. Kantigi, in a press statement made available to National Mirror at the weekend in Minna, said some politicians in Niger State are very good at distracting leaders by being enemies of the state instead of joining hands after elections to make the state great. He said: “I am prepared to use my resources, my supporters to wage war

against any group trying to block him from doing his work as it is in the past. Our responsibility is to put party issues aside and join hands in ensuring the government succeeds. “God gives and take power and he has given Governor Bello, so we are mandated to follow him irrespective of our parties, this is not to seek favour from him or any appointment from him, but I discovered that the governor is young and from his utterances, he has good idea and we should all give him support and free hand to perform.” Though, a member of the PDP, the deputy governorship candidate said, he would not tolerate or be part of those planning to distract a person God has given power to lead the state or a government that has barely started working.

Abiodun Nejo

he senator representing Ekiti North senatorial district under the banner of Peoples Democratic Party, PDP, Senator Duro Faseyi, has said that PDP members in the National Assembly will resist any dictatorial move of the ruling All Progressives Congress, APC. Faseyi, who said the unrepentant stand of the APC to impose leadership

on the two chambers of the National Assembly, was demonstration of its “hidden sinister agenda” against the masses. He said in a statement in Ado Ekiti yesterday that “the insistence of few APC chieftains to control both the lower and upper chambers at all cost is suspicious. He said: “The latest development in our country calls for great concern because during the 16 years of the PDP in power, we did not witness this kind

of scenario. What we have in Nigeria today is dictatorship.” He, however, said that PDP members in the National Assembly would not fold their arms and watch, but rather continue to fight to promote the right of every Nigerian. He added: “With the good number of PDP members at both chambers, we will continue to uphold the constitution of the Federal Republic of Nigeria and also prevent any form of imposition as

APC guber aspirant pledges to transform Kogi Wale Ibrahim LOKOJA

frontline gubernatorial aspirant on the platform of the All Progressives Congress, APC, Dr. Yaqeen Abdullahi Habeeb has pledged to transform Kogi State and take it to to a greater height if given the mandate. Habeeb made the pledge yesterday while speaking in a chat with newsmen in Lokoja, stating that he has what it takes to fix Kogi State.

The former varsity don cum banker explained that he joined the gubernatorial race on APC platform for rapid development of Kogi State, adding: “What prompted me to join the race is that if you look at Kogi State you find out that we are retrogressing and not advancing; we are not developing. “Our people are not happy, and salaries are not paid. You find out that people are retired and after retirement they are not paid their benefit. The general atmosphere is such that de-

velopment has eluded us.” Lamenting the poor state of infrastructures, particularly roads in Lokoja metropolis,, he said that something needs to be done fast to rescue the state from total collapse He added: “If we sit down and say let the state go to blazes, our children will come one day and ask questions. Where were you daddy when these things went wrong? If you were there what efforts have you put in place to ensure that we do not get to where we are today?”

a result of selfish interest of few individuals at the detriment of the electorate.” Saying that no individual or group of people would be allowed to hijack the current National Assembly, Faseyi stated that the preoccupation should be “good legislations that will promote economy and political stability of the country. He added: “What an average patriotic Nigerians should be more concerned about now are good laws to promote unity, progress and economy of the nation for the benefit of this generation and unborn ones.” He said the APC deceived Nigerians to get to power with “a change mantra it did not understand”, adding: “In the 16 years of PDP in power in Nigeria, there was no time this kind of political turbulence and uproar at both chambers was witnessed except when the APC wanted to seize power at the House of Representatives through the former speaker, Aminu Tambuwal.”

National Mirror www.nationalmirroronline.net

Views

Monday, June 29, 2015

NAFDAC’s robust drive for healthy bread production MARTINS F.O. IKHILAE

or many Nigerians, bread is top on the list of their preferred staple food. The broadness of its acceptance is that as a rich source of protein, fat, carbohydrates, vitamins, iron and calcium, bread nourishes and energises the human body. This fact is not lost on the National Agency for Food, Drug Administration and Control (NAFDAC), Nigeria’s institutional regulator of pharmaceutical products and food; which is why recently it embarked on another step up action in many parts of the country on bread safety tagged Bread Quality Initiative to further enhance standards, as well as hygienic and good manufacturing practices in its production. Over 500 bakeries in Lagos State, for example, made their bread available for on the spot test during the exercise. The uncommon penchant of the Agency’s Director General, Dr. Paul Orhii, for safe bread is equally fuelled by his realization that the bakery industry in Nigeria remains a veritable source of employment for many Nigerians and revenue earner for the state and local governments. So, the recent step up action nationwide, a follow up to several other past initiatives, focused on the detection of the banned potassium bromate (removed from the list of bread improvers by World Health Organisation in 1992) and other harmful improvers. NAFDAC has consistently emphasized to bakers and flour millers the deleterious effects potassium bromated, a deadly carcinogenic improver, which has also been proved by experts to degrade vitamins A2, B1, B2, E and Niacin

AMONG THE AGENCY’S MEASURES FOR EFFICIENT SERVICE DELIVERY ARE DEPLOYMENT OF EFFECTIVE COMMUNICATION CHANNELS AND ROBUST CAPACITY BUILDING available in bread, poses to consumers. Among the Agency’s measures for efficient service delivery are deployment of effective communication channels and robust capacity building. The list includes introduction and sustenance of inter-state consumers and bakers enlightenment; regular work/talk shops for bakers; robust training for existing and would-be bakers; and certification of products with appropriate labels and authorization. Others are unscheduled inspection of baking facilities; acquainting bakers with modern production trends and practices, and engaging the press on ways and means of ensuring maximum public enlightenment. The Agency has a crop of dedicated field inspectors equipped with state-of-the-art equipments for this purpose. And NAFDAC boss is known to have been personally involved in this exercise. Closure of illegal and substandard production plants; mopping up of bad products from sales outlets; comprehensive product registration; sustainable feedback

mechanism for the resolution of consumer complaints; bringing together the bakers through unionization like the Association of Master Bakers and Caterers of Nigeria for ease of coordination, control and regulation also count among the measures. It is also instructive to note that the Agency has made it mandatory for flour millers to fortify their products with vitamins A and B. Moreover, the Agency has through intensive research, come up with healthier and internationally acceptable baking inputs for use in production. They include Morphan 500 of Morrison Industries PLC; EDC 95 Dough of Edlen International Incorporated USA; EDC 2000 (an improvement on EDC Dough Oxidant) of the same firm; Bake Rite of Chellarams PLC; and Puratos S500( blue bread improver) of Purators W-V/SA Industraialaan Belgium, among several others. Also certified by the agency are DYNAMIL of S.I LESAFFRE of France; UNIPAN super bread improver of DSM bakery ingredients MIJL WEG of Netherland; ALPHAMALT BXT of Myhlenchemeie, GM BH RERRCAMP of Ahansbury; AMIPAN of ICA Food ingredients by Kalshovenza Industry of Netherland; ANGEL of Angel Yeast Company Limited China; PANOK SUPPER BAKE bread improver of BONS Industries Limited; SUPREME LONG LIFE of Crown Flower Mills; SUPREME MAXI and SUPREME SPECIAL of the same. The others are BETTA BAKER (20Kg carton) of First Blends Limited; BETTA BAKER (10g sache)t of the same company; BRAMMCO Power Integrated Dough Improver of Networking Africa Limited; PB of Pacific Biscuit Manufacturing Nigeria Limited, VITARISE of Vitachem Nigeria Limited, NPB Bakery improver of Associ-

ated Biotechnology Limited; LGM 22T tablet bread improver of Lemmy’s Global MT Nigeria Limited; and PROSON block bread improver of IFART Limited. Another strategic function of the Agency is ensuring that decent and standardized production and hygienic practices are adopted and fully embraced by fast food service {eateries} operators, while bakers/ bakeries consistently discouraged from all forms of anti-human health sustaining practices. Also to be mentioned is the Agency’s drive to include cassava flour in bread baking, upgrading its surveillance systems, and capacity building through modernized global standardised trainings for its workforce. Consistently hosting of consultative fora with stakeholders, advocacy visits to states chief executives, traditional rulers, youth leaders, inclusion of food safety education in school curricula, institutionalizing the NYSC community development service programme, modification and sustenance of its consumers safety programme are direct and indirect ways NAFDAC is positively and progressively serving the nation and Nigerians. They conform with the global strategy of emphasising preventive and rather than reactive approach in safeguarding the safety of foods. The Association of Master Bakers and Confectioners of Nigeria and other stakeholders must work with NAFDAC to ensure that Nigerians can conveniently and confidently access hygienic and nutritious “Bread of Life” rather than unhygienic and contaminated “Bread of Death.” Ikhilae, a Lagos-based public affairs analyst, wrote via martinsikhilae@ymail.com and can be reached on 08023405821

Healthy boundaries: Nothing wrong in saying no (11) SANDRA AKUOMA

rom the first of this series, we are clear what healthy boundary is. Our focus here is on the effects of poor boundaries. Let’s begin with frustration and resentment. When you do not have healthy boundaries you continually feel like you are being pushed around. This leads to irritation, resentment, frustration. Though the reason for this state may not initially be obvious, but on deeper introspection you may find that someone has assumed that you will drop everything to go along with his/her plans. It therefore dawn on you that your frustration is related to being taken for granted. Setting boundaries means taking care of your needs before you can assist your friends and family members. The perception of being used as a doormat arises from poor boundaries setting. The result of unclear boundaries and others not knowing where they stand with you is that there is a much greater risk of being used as a doormat. It need not be malicious, but if you never say no to anyone then you can understand that they will continue to ask for favours and ply you with work and requests because the message you send allows them to do this. If you speak up when asked to do something you are not happy with others will

be able to understand and respect your needs and limits. You have to respect yourself by putting those boundaries in place before you can expect others to respect you. Too much energy is put in too few rewards Also in a relationship with unhealthy boundaries or no boundaries, like feeling responsible for other’s happiness, it feels like too much energy is being put in with too few rewards. This is because in this relationship you are doing the work; you are trying to please the other party, but too little of that positive emotional energy is being reciprocated. It shows the relationship is unbalanced, and you must definitely suffer. And if you feel guilty all the time when you are honest about your feelings, or you are always trying to cloud your ‘nos’ in the ‘yeses’ to people pleasing, the down side is that you cannot be open to people when you feel repressed by them and your frustration will show through passive aggression and resentment. The passive aggression could be in the form of sharp comments, cracking sarcastic jokes or make some subtle actions that let a little of your negative feelings seep out. It may also come out as an unexpectedly strong outburst to something seemingly minor. Stress and depression is another downside to people always pleasing others. Remember stress is having more demands that you can handle. ‘People pleasing’ can turn into a vicious cycle of chronic stress and unhealthy

WHEN YOU HAVE WEAK PERSONAL

BOUNDARIES, EVERY ACT OF COMPLIANCE, SELF-

DENIAL, OR NEEDINESS

CHIPS AWAY AT YOUR SELFRESPECT behaviours Acting against your integrity or values in order to please, not speaking up when you have something to say, adopting another person’s beliefs or ideas to be accepted are obvious effects of poor boundaries. Not defining and communicating your emotional needs in your closest relationships can lead to loss of identity. An enmeshed boundary can be summarised as follows: A feeling that you are like an extension of someone else – he/she makes the decisions, you go along with it. He makes demands, and you meet these demands. In a relationship with unhealthy boundaries or enmeshed boundaries your behaviour or opinion is seen as a direct reflection on the other person. You do not have the freedom of behaving according to your beliefs, but rather adopting those of the other person in the enmeshed relationship. It is as if the other person is in control of your life, and for vari-

ous reasons you do not feel like you can stand up to him/her. Loss of self-respect is another effect. When you have weak personal boundaries, every act of compliance, self-denial, or neediness chips away at your self-respect and the respect that others have for you. You are in a constant state of insecurity. The sad irony is that we set weak boundaries believing our behaviour will win the love and respect of others. For sure, other people will certainly take advantage of this our willing nature. The down side is that their respect for you will diminish over time, thus undermining the love you hoped to maintain. Food for thought Setting healthy boundaries means that you make the decision to be your own person, you learn to say ‘no’ when you are asked to do something which goes above and beyond and would mean losing track of your own identity. Next week will end the series with ways to set healthy boundaries in our lives. Akuoma wrote from Lagos via sanlifepointers@hotmail.com and can be reached on 0816 558 3876 (SMS ONLY) 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.

Editorial

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

All the Facts, All the Sides A PUBLICATION OF GLOBAL MEDIA MIRROR LTD BARRISTER JIMOH IBRAHIM, CFR PUBLISHER

SUNDAY OLAJIDE MANAGING DIRECTOR/CEO BEN MEMULETWON ACTING DAILY EDITOR GBEMI OLUJOBI SARTURDAY EDITOR AYO OLESIN SUNDAY EDITOR DOZIE OKEBALAMA COORDINATOR EDITORIAL BOARD CALLISTUS OKE EDITORIAL PAGE EDITOR BRINGS

ISE-OLUWA IGE ABUJA BUREAU CHIEF AUGUSTUS IMEKAN ACTING HEAD, GRAPHICS

Buhari and recovery of looted funds

resident Muhammadu Buhari was quoted as saying last week that his administration had received firm assurances of cooperation from the United States and other countries on the recovery and repatriation of funds stolen from Nigeria. Citing the report of the Ahmed Joda-led transition committee as reference, the President said several revenue-generating establishments in the country had compromised their rules of engagement, the result of which is the prevailing weak economy strutting across the nation like a monster. Buhari spoke when he had audience with members of the Northern Traditional Rulers Council led by the Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar in Abuja. “In the next three months, our administration will be busy getting those facts and the figures to help us recover our stolen funds in foreign countries”, he had stated. Also at a later meeting with state governors to find solution to the nagging problem of unpaid workers’ salaries by both states and the Federal Government, Buhari reiterated his committal statement that funds stolen by government officials who abused their offices in the recent past would be recovered and systemic leakages halted, stressing that the days

THE REVELATIONS AND SHOCK FINDS THAT MIGHT FOLLOW WOULD SURE BE DUMBFOUNDING, TO PUBLIC DELIGHT AND SUPPORT of impunity, lack of accountability, and fiscal recklessness in the management of national resources were over. “There are financial and administrative instructions in every government agency. But all these were thrown to the dogs in the past. Honestly, our problems are great, but we will do our best to surmount them. The next three months may be hard, but billions of dollars can be recovered… We will try and put the system back into the right position. What happened in the Second Republic has apparently happened again, and even worse, but we will restore sanity to the system and we will do our best”, he stated. He raised issues on governors’ tolerance of alleged atrocities committed with the Excess Crude Account (ECA) since 2011, unlawful payment of national revenue into accounts other than the Federation Account, and illegal happenings in many government

ministries, departments and agencies (MDAs), particularly the Nigerian National Petroleum Corporation (NNPC). Though he promised no immediate financial bailout for cash-strapped state governments, the President promised the refund of monies spent by states on federal projects in line with due process. A committee headed by Vice President Yemi Osinbajo would also look at the ECA and examine what funds therefrom can be shared immediately, while special succour was promised the three North East states badly ravaged by Boko Haram insurgency. The precarious deep hole into which the nation’s past gamesome leadership plunged the Nigerian economy, leaving it virtually gasping for breath, has thus justified the fuss of many that getting it right today for a better now and tomorrow may pose a very herculean task without punishing the impunities of the past. It interrogates very penetratingly why despite the brazen abuses and betrayal of public trust by those to whom the people’s power, security and welfare were surrendered, Buhari while campaigning for votes before the last March 28 presidential poll, made the obviously impossible promise of not probing past governments;

as well as reported tell-tales that suggested even after he was sworn-in as President that digging into the past was a misnomer. Pray, from whom would the Buhari-led FG ferret out the facts that would lead to the recovery of stolen funds stashed away in foreign countries; and who laundered the funds? In truth, it does seem what matters is lawful manhunt for stolen funds, following due process. The revelations and shocking finds that might follow would sure be dumbfounding, to public delight and support. And whereas some sitting public holders may belong to the culpable lot, greater numbers may be found among past revellers that held public offices. The danger corruption posed and still poses to all recesses of Nigeria’s national life demands strong aversion to tackling it selectively or apportioning time frame to be covered or let go. Official figures say about $400 billion were stolen from public coffers by Nigerian leaders between 1960 and 1999. A lot more billions of dollars must have been added to the figure between 1999 to date. Saving Nigeria from heartless looters and punishing culprits caught red handed on retrieving the booty have thus become absolutely imperative.

ON THIS DAY June 29, 1995 The Sampoong Department Store collapsed in the Seocho-gu district of Seoul, South Korea, killing 501 and injuring 937 others. The fatal structural failure occurred in the Seocho-gu district of Seoul, South Korea. It was the largest peacetime disaster in South Korean history – 501 people died and 937 were injured. The Sampoong Group began construction of the Sampoong Department Store in 1987.

June 29, 2009 Yemenia Flight 626 crashed into the Indian Ocean, killing 153 people and leaving a 12-year-old schoolgirl, Bahia Bakari, as the sole survivor. Yemenia Flight 626 was an Airbus A310-324 twin-engine jet airliner operated by Yemenia as a scheduled international flight from Sana’a, Yemen, to Moroni, Comoros. It crashed while on approach to Prince Said Ibrahim International Airport in Comoros.

June 29, 2014 The Islamic State of Iraq and the Levant (ISIL) selfdeclared its caliphate in Syria and northern Iraq. ISIL, also known as the Islamic State of Iraq and Syria or the Islamic State of Iraq and ash-Sham (ISIS), or simply as the Islamic State, is a Salafi jihadi militant group and self-proclaimed Islamic caliphate. As of March 2015, it had control over territory occupied by 10 million people in Iraq, Syria, et cetera.

A2 18

Business Courage

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Cover

Cutting governance ce cost to mitigate poverty, boost economic growth The continuous fall in the amount of revenue accruing to the Federal government following the sharp drop in the prices of crude oil in the international market has led to the growing stakeholders ’ call on government at all levels to reduce the cost of governance in order to ensure deployment of more funds into the provision of infrastructure and social services. Gbenga Odogun reports

resident Muhamadu Buhari ’s statement on the state of the economy last week has put paid to any doubt about the worrisome state of the nation ’s economy. Speaking to state house correspondents last Monday, the President said that he met the nation ’s treasury virtually empty with debts running into millions of dollars! A day after and in what appeared to be why Africa ’s largest economy was plunged into its present state of scal comatose and productive inertia, Buhari also told state governors that “there are nancial and administrative instructions in every government agency but all these were thrown to the dogs ” To say that the over bloated cost of governance has been impacting the economy negatively over the past years is an understatement. For instance, today no fewer than 18 states are falling behind in meeting their salary payment obligations, while their capacity to provide social services such as health, education, potable water, food security and agricul-

ture, amongst others, has been vitiated by pervasive scal recklessness, particularly in the 2015 preelection months. Whereas successive administrations have continued to carry on as if the provision of social services is not implied in their social contract with Nigerians, corruption with impunity has been elevated to statecraft by political leaders such that the electorate ’s hope for better days ahead is zzling on daily basis. The pervasive challenges of epileptic power supply due to poor funding, fuel shortages arising from subsidy fraud and mismanagement of the nancial and other resources have pushed Nigeria, the once ourishing and buoyant country with great potential to become global economic giant, down the abyss of economic hopelessness. Even when they are aware of the multipronged challenges facing the country, analysts have in recent times identied the cost of running a Presidential democracy in a scally reckless environment where corruption has become a key component of public sec-

tor administration, as the most predatory factor militating against rapid transformation of the nation ’s economy. Writing in the Nigerian Journal of Economics and Social Studies, a social scientist, Adeolu Adewole, of the Department of Economics and Demography Studies, Covenant University stated that Nigeria ’s presidential system of government remained one of the most expensive in the globally. He posited: “Political analysts and other stakeholders have described the system as over-bloated and unsustainable. They attributed the high cost of governance in the country to corruption, impunity and duplicity of the functions of Ministries, Departments and Agencies, MDAs, as well as the jumbo pay of political ofce holders. ” The worrisome condition of the economy has necessitated the growing calls by development experts for drastic reduction in the size of governance personnel and institutions, especially of political appointees, to free up funds for development. For instance, the past few months have wit-

nessed the stoking of public discourse on this issue with contributors across the broad spectrum of the social order voting against bogus salaries and entitlements of political ofce holders as well as the need to prune Ministries, Departments and Agencies, MDAs, in such a manner that would reduce wastages in public governance at Federal, State and Local Governments levels. Justifying the need for reduction in governance cost in the weeks before the Presidential election, the President and Chairman of Council of the Chartered Institute of Bankers of Nigeria, CIBN, Mrs. Debola Osibogun, urged the incoming administration to cut down on the retinue of political aides attached to heads of ministries, department and agencies. According to her, the most important issue requiring urgent attention of any government elected is to tackle the problem of the high cost of governance. She canvassed: “If you look at the number of special advisers and personal assistants, you will notice that they have rendered

Osibogun

the bureaucrats who are in the ministries almost redundant and they get paid. They should allow them to do their jobs and reduce the number of people they bring when they get appointed. ” Recently, the seasoned political economist and development expert, Prof. Pat Utomi, noted that high cost of governance remained Nigeria ’s albatross that must be dealt with if socio-economic progress is to be made in the country and in order to make public life very simple. He explained: “In most parts of the world, politicians do not go around with the long motorcade and number of aides they go around with in Nigeria. It is Nigeria that you will see a minister having so much aides and wherever he goes, they go with him. “Buhari should ensure that public life is made very simple so that it will be easier to touch the people, feel and know about them ”, adding that “governance should not be about moving in motorcades, living in mansions and not stopping at trafc lights. ’ ’, Utomi added. Perhaps it is in response to this growing clamour for efcient public sector budgets that some newly elected lead-

ers have now initiated the journey towards a more responsive governance by reducing the and entitlements of principal state ofcials in the Executive and Legislative arms of government as well as the size of their political aides. The newly elected governor of Kaduna state, Mallam Nasir El-Rufai has also indicated his intention to make do with a smaller cabinet by reducing the number of commissioners in the state to thirteen as against the twenty-four that were appointed by the previous government. The governor said he would also place strict limits on the number of aides that the 13 commissioners can recruit to support them, adding that the state government must direct more of its resources to delivering public services adding that doing so, required a reduction in the proportion consumed by government. The House of Representatives in Nigeria has also promised to enact legislation that would cut UDO ONYEKA, CO-ORDINATOR BUSINESS COURAGE udonyeka@gmail.com c

Global Media Mirror Limited

Editorial

Tuesday, June 30, 2015

National Mirror www.nationalmirroronline.net

All the Facts, All the Sides A PUBLICATION OF GLOBAL MEDIA MIRROR LTD BARRISTER JIMOH IBRAHIM, CFR PUBLISHER

ISE-OLUWA IGE ABUJA BUREAU CHIEF AUGUSTUS IMEKAN ACTING HEAD, GRAPHICS

Saving the nation’s textile industry

n what may rightly be termed a veiled reference to further deterioration of the predicament of the Nigerian textile sector, the Sunday Ajaero-led wing of the Nigeria Labour Congress (NLC) said lately that 44 textile mills totally or partially shut down business last year. It was reported that the Federal Government was now contemplating the recreation of a national task force on smuggled textiles, counterfeiting and faking of textile raw materials and finished products, all aimed at revamping the sector. There is voluble literature on the plight of the Nigerian textile industry in recent decades, all lamenting the industry’s freefall from grace to grass since the 1990s. In the 1960s and 1970s, when the government backed it with firm interventionist policies, the sector thrived lucratively. Measures often cited as having driven the success included the firm ban placed on the importation of textiles during and after the Nigerian Civil War (1967-1970), up to 1978 through 1984. Technological sophistication and advancement in the sector were also said to be highest in sub-Saharan Africa during the period. The cumulative result was that by the late 1980s, the Nigerian textile market had emerged as the third largest in Africa, with over 160 vibrant textile mills

BY THE LATE 1980S, THE NIGERIAN TEXTILE MARKET HAD EMERGED AS THE THIRD LARGEST IN AFRICA… WITH OVER

500,000 DIRECT AND INDIRECT JOBS

and about 500,000 direct and indirect jobs created by textile companies. As at 1985, there were about 180 textile mills in the country, employing about one million Nigerians. Companies like United Nigerian Textile Limited (UNTL), Aswani Textile, Afprint, Asaba Textile Mills, Edo Textile Mills, among others, were making waves as the country’s textile capacity accounted for 60 percent in West Africa. However, the fortunes of the sector began to dwindle in the early 1990s. With the decline of textile firms from124 to 45 between 1994 and 2005, which reflected in a drop in employment by 87 percent from 150,000 to about 20,000 during the period; and the few surviving firms operating at less than 40 percent installed capacity; total collapse of the industry became imminent. Pressure to liberalize international trade via poorly restrained bilateral and multilateral engagements and inhospitable local economic

infrastructure (epileptic power supply is a good example), among others, were likewise fingered as responsible for the economic crash. Textile manufacturers began to feel the pinch of unstable political situation, massive smuggling and high production costs occasioned by generally poor infrastructure provisioning, excessive taxes and levies, and unstable government policies, among others. The situation worsened in 1997, when ban on the importation of textiles was officially lifted. Inferior imported products flooded the market, sending many big players in the industry packing. The following couple of years witnessed the closure of about 50 more companies, with 80,000 jobs lost. Capacity utilization in the sector in 1996 was put at 60 percent. By 2002, however, it had slipped down to about 28 percent. Indeed, as at the end of 2009, only about 34 textile companies with a workforce of less than 25,000 were said to be in operation. The vicissitudes, most probably, informed the ban former President Olusegun Obasanjo administration placed on all imported textile products effective from January 1, 2004. Still the sector failed to pick up. Reports early last year also indicated that the effort of the late President Umaru Musa Yar’Adua government to revamp the sector through the

establishment of a N100 billion Cotton, Textile, and Garment (CTG) Revival Fund, managed by the Bank of Industry (BoI) was equally a huge failure. National Association of Chambers of Commerce and Industry, Mines and Agriculture (NACCIMA) President, Alhaji Mohammed Abubakar, was credited as saying the intervention fund failed because the issues of raw materials, particularly cotton and modern technology/ machinery needed by the industry were not taken into considzeration before the FG dished out the CTG fund. “If you give loan on an existing factory to develop; when the raw material is not being supplied competitively; when the loan is not enough to change the machineries completely to be competitive to world standard, you are not going to make it”, Abubakar stated. He also complained about training and the urgent need train personnel that would work competitively. We consider addressing these critical issues alongside problems posed by persisting infrastructure deficit; policy somersaults and generally inhospitable business climate that discourage fair competition, very critical. They must be streamlined and factored into any further moves sincerely meant to return textile mills back to business, considering the sector’s heavy job creation potentials, among other benefits.

ON THIS DAY June 30, 1991 Roughly 32 miners were killed when a coal mine caught fire in the Donbass region of Ukraine and released toxic gas. Donbas is a historical, economic and cultural region of eastern Ukraine and southwest Russia. A coal mining area since late 19th century, it has become a heavily industrialized territory suffering from urban decay and industrial pollution. Donbas is currently the most densely populated of all the regions of Ukraine.

June 30, 1997 The United Kingdom transferred sovereignty over Hong Kong to the People’s Republic of China. Hong Kong was acquired from three separate treaties: The Treaty of Nanking in 1842; The Treaty of Beijing in 1860; and The Convention for the Extension of Hong Kong Territory in 1898, which gave the UK control of Hong Kong Island, Kowloon and the New Territories (area north of Boundary Street and south of the Shenzhen River, etc.).

June 30, 2013 The United Kingdom transferred sovereignty over Hong Kong to the People’s Republic of China. Hong Kong was acquired from three separate treaties: The Treaty of Nanking in 1842; The Treaty of Beijing in 1860; and The Convention for the Extension of Hong Kong Territory in 1898, which gave the UK control of Hong Kong Island, Kowloon and the New Territories (area north of Boundary Street and south of the Shenzhen River, etc.).

National Mirror www.nationalmirroronline.net

Utomi

the cost of governance. At the resumption of plenary last Tuesday, the need to cut cost of governance in line with the oil-rich nation ’s economic challenges, was one of the core points outlined by the Speaker of the House, Yakubu Dogara, during his presentation of the 2015-2019 draft legislative agenda to lawmakers. According to him, the legislative agenda takes lessons from the experiences of the 7th House of Representatives and seeks to consolidate the gains and achievements thereof. “The House recognizes that there remains widespread citizens ’ distrust of public institutions and government generally. “It is also recognised that there is a lot of public misconceptions and misperceptions about the functions and contributions of the legislature to Nigeria ’s overall socioeconomic and political development. “The 8th House of Representatives will legislate to cut the cost of running government, reduce wastage and tackle revenue leakages ’ ’, Dogara said. The speaker stressed that the House would play its part in rescuing the country from hunger, poverty, disease, social, economic, political and

Business Courage

Monday, June 29, 2015

Abosi

Nwagbara

infrastructural challenges. He said “the 8th House of Representatives, as peoples ’ parliament, will be sensitive to public demands for transparency and accountability. “Our legislative actions would therefore seek to build public condence and trust and be responsive to citizens ’ questions regarding the conduct of legislative business. Some Civil Society Organizations who staged a protest in Abuja last week at the National Assembly Complex however, demanded a cut of as much as 90 per cent from the member ’s salaries and allowances as well as the scrapping of allocation for constituency projects. The protesters said that demand was important in view of the number of Nigerians living in poverty and the country ’s revenue. The Executive Director, Conscience Nigeria, Mr. Tosin Adeyanju said the CSOs staged the protest because Nigerians were angry about the jumbo pay to lawmakers and appointees despite the country ’s economic reality. Adeyanju said Nigerian lawmakers were the highest paid in the world, adding that “we need this money to develop our in-

frastructure ’ ’. “In 2013, the National Assembly allocation and budget was about N50bn; by 2015, it has astronautically jumped to about N120 billion for just 469 people. Is it justiable? “For a country that has over 180 million people, and in a nation that is in economic crises with huge dependence on oil revenue that has dipped by 50 per cent, we need to save Nigeria from imminent collapse or is it that they want this country to turn to another Greece, ’ ’ Adeyanju said. He called on President Muhammadu Buhari to lead by example and to ensure that the number of political appointees

El-Rufai

A3 19

was reduced and their wages cut by 60 per cent. “Political position must be made less attractive so that political assassination can stop and cost of electioneering in the country can reduce, ’ ’ Adeyanju said. Similarly, senate president Dr Bukola Saraki said the National Assembly has concluded plans to bring down the cost of running it to N120bn from the N150bn expended by the previous Assembly. A Lagos-based maritime lawyer, Mr. Osuala Nwagbara, also added his voice to the growing call the for the reduction of the number of ministries and ministers. Nwagbara also said

that government should slash the salaries and allowances of the elected representatives in the National Assembly as well as unnecessary overseas travels. “The number of vehicles allocated to politicians should also be reduced because they are purchased from the taxpayers ’ money, ’ ’ Nwagbara opined. “Growth in the economy will continue even if at lower than forecast rates, if government adopts reduced cost of governance by cutting wastes and ghting corruption, ’ ’ said Kalu Abosi, an investment expert. Abosi, who is the Head of Corporate Finance and Capital Markets, SPA Ajibade and Company, said that that the present economic challenges faced by Nigeria were not insurmountable as things were not as bad as people made them to appear adding that government must ght corruption to a standstill failure of which can kill the economy. Dr Adegoke Ajila, a lecturer at the Department of International Relation, Obafemi Awolowo University, Ile-Ife, berated members of the National Assembly for their “extravagance ’ ’. Ajila noted that the chunk of national expen-

diture was consumed by the lawmakers in the last 16 years. “Sincerely, Nigerian people have been seriously short-changed by the lawmakers who are elected to protect their superior interests. “It is pathetic that while an average civil servant is crying over the implementation of N18,000 minimum wage, lawmakers were raking in millions monthly with pride. “It is important for this administration to put a stop to this anomaly and distribute the commonwealth of the nation evenly and equitably for the good of all, ’ ’ Ajila said. In the same vein, a chieftain of the All Progressives Congress in Osun, Alhaji Saka Adejobi, called for openness in the implementation of salaries and allowances of the public ofce holders. Adejobi said salaries and other emolument of the public ofce holders, especially members of the National Assembly should no longer be secret, to promote transparency in governance. Experts were unanimous in their assertion that funds saved from the reduction in the cost of governance could be diverted to fund those areas neglected as a result of high cost of governance. BC

A4 20

Business Courage

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

News ‘Nigeria’s shipping industry saturated with over-aged, young unemployable seafarers’ By Francis Ezem

hipowners Association of Nigeria SOAN has said that most of the able seamen in the country are either over-aged or young but unemployable because they are not properly trained. President of the association, Engineer Greg Ogbeifun, who spoke in Lagos at a one day seminar organized by the Maritime Association of Nigeria MARAN as part of activities marking this year’s Seafarers Day celebration in Lagos, observed that the demise of the Nigerian National Shipping Line NNSL has dealt a great blow to indigenous human capital development in the country. He also cited the various challenges faced by the Maritime Academy of Nigeria, Oron, Akwa Ibom such as poor funding, which has made it difficult for the academy to attract qualified lecturers and poor management occasioned by government’s interference in the running of the academy. According to him, the cumulative effect of this is that most of those adequately trained by the NNSL on board its vessels are very old, as none of them is less than 50 years while majority of the young ones, most of who are not properly trained cannot man the ship. “You can agree with me that most of the seafarers trained by the NNSL, who are over 50 years of age lack the competence to handle the new vessels, many of which are sophisticated than what they are used to in those days and the young ones, who are not properly trained cannot handle such vessels either”, he lamented. He noted that this seeming dilemma has left the indigenous shipping firm with only one option of employing foreigners, which is not good for the growth and development of shipping in Nigeria.

Ogbeifun

L-R: Executive Director, Ivory Banking, Heritage Banking Company Limited, Mrs. Mary Akpobome; Director, Community Development Service and Special Project, National Youth Service Corps, Mrs. Victoria Bose Okakwu; Managing Director, Heritage Banking Company Limited, Mr. Ifie Sekibo and Director-General, National Youth Service Corps, Brigadier General Johnson Olawunmi, during a courtesy visit by the NYSC Management team to the Bank’s head-office recently

In the face of all these, he noted that the Federal Government and its agencies in the industry have not helped in creating the needed framework that would galvanise the growth and development of the industry. He cited the establishment of a world-class training institution in Apapa, Lagos then by the Nigerian Ports Authority, which also served as a major capacity building instrument to augment the efforts of NNSL and MAN Oron. On the way out of the problem, he said that government should properly fund the existing training institutions while trying to create new ones so that the issue of human capacity building would continue to be in the front burner always.

Insurers lose N60bn on third-party motor insurance By Udo Onyeka

nsurance companies in the country are losing at least N60bn annually on third-party motor insurance it was gathered. The loss was due to activities of insurance racketeers that do sell fake insurance certificate to the unsuspecting motorists, thereby, depriving the genuine underwriters of income. Moreover, the inability of Nigerians to insure their vehicles is seriously cutting down expected income of the insurance industry. As it stands, about 15 million vehicles are on Nigerian road, with only three million vehicles having genuine insurance certificates, a development stakeholders in insurance industry said is far from

Wiggle

expectations. Speaking at a press briefing organised by the Nigerian Insurers Association ,NIA, in Lagos yesterday, the Chairman of the association, Mr. Godwin Wiggle, said each third-party insurance certificate costs N5,000, saying that, the total costs of the 12 million vehicles yet to, either purchase insurance or are uninsured amounted to N60bn, which he stressed should be more, if other types of insurances, such as Group Life Insurance, Public Building Insurance, among others, are added to it. According to him, “the situation might remain the same because nobody has been prosecuted for failure to buy or have a genuine insurance cover. We lose N60bn on thirdparty motor insurance alone on a yearly basis and we still have other types of insurance, especially, the five compulsory ones that are also witnessing poor patronage from both the government and the people. Because people are not getting insurance, federal government is also losing tax that could accrue from such business.” He was annoyed that several laws on insurance are just created without implementa-

tion, urging the law enforcement agencies to enforce these laws. If government can embark on enforcement, by prosecuting the erring ones, he said this will enhance the profitability of not only the insurance industry, but the whole economy. While warning the people to always patronise genuine insurance firms, he said they should beware of fake insurance firms, who parade themselves as genuine insurers, selling fake insurance papers to unsuspecting vehicle owners at the point of renewing or getting their vehicle documents from the Vehicle Inspection Offices,VIO, across the country.

Bauchi establishes Speed Monitoring Posts to curb overspeeding

auchi State Transport Company, operators of Yankari Transport Company says it would establish Speed Limit Monitoring Posts along

various highways within the country, to monitor the speed limit of its drivers. General Manager of the company, Mr Micah Ishaku, made this known on Friday in Bauchi in an interview with the News Agency of Nigeria, NAN. Ishaku, who had just received an award of excellence conferred on the company by the Federal Road Safety Commission, FRSC, for maintaining standards, said that the posts would be established at strategic locations He said that such posts would be manned by officials of the company to check overspeeding and reckless driving by drivers of the company. According to him, the company has consistently warned its drivers to adhere strictly to the 100 km per hour speed limit; as such defaulters will be penalised. He disclosed that the measure would complement the efforts the FRSC in ensuring the protection of lives and property on the highways. The Manager stated that interactive sessions between drivers of the company and regulatory agencies had been intensified to enlighten the drivers on what was expected of them. He said that the company would produce and distribute pamphlets to its drivers on road safety codes and regulations, while dedicated telephone lines would be given out to passengers to call the management of the company in case of over speeding and reckless driving by staff. Speaking on the ‘Standard Maintenance Award’ conferred on the company by FRSC, the manager described it as “encouraging and will go a long way in boosting our efforts.” “Out of 47 transport operators, only 16 operators were awarded with the certificate and it is an encouragement to us in the transport business, and government-owned transport company for that matter.

NACCIMA kicks against lifting import ban on textiles

Mohammed Abubakar, Bauchi state governor

he Director-General of NACCIMA, Mr Emmanuel Cobham, has condemned the recent revocation of the ban on importation of textiles products. He told the News Agency of Nigeria, NAN, in Lagos on Friday that the revocation of the ban would expose the Nigerian textile industry to serious danger. Cobham said lifting the embargo on importation of textile products would be counterproductive to government’s efforts

National Mirror www.nationalmirroronline.net

to revive the moribund textiles sector of the economy. NAN recalls that the Federal Government, through the Comptroller-General of the Nigeria Customs Service, Alhaji Abdullahi Dikko, on June 22 announced the lifting of the ban on textile and furniture products. Dikko said that Nigerians could now import textile materials into the country if the right duties were paid. “We are mortgaging our economy; the economy will not grow under such circumstances. We now depend on China and India for things that can be locally produced. “We need to protect our industries because there are various stages of development - when we crawl, fall, stand, walk, and within this period, we scrutinise ourselves for changes. “The stage where we run is when the international community accepts that our products meet international standards and embrace them. ” Cobham, however, said that the lifting of ban on importation of textile products could bring competition that would drive local textile manufacturers towards excellence. “It is a challenge to local textile producers. No matter the odds against them, the more they produce and are in the market, the greater their chances of improvement. ”

Musa

FG to support Jigawa revive Free Trade Zone

he Federal Government has said it was ready to partner with Jigawa Government to revive the Free Trade Zone in Maigatari border, Maigatari Local Government Area of the State. The Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Alhaji Abdulkadir Musa, stated this when he paid a courtesy visit to Gov. Muhammad Badaru in Dutse on Friday. Musa said it was worrisome that the Maigatari Free Trade Zone had been inactive for quite some time hence needed to be revived because of its potentiality to boost the economy

Business Courage

Monday, June 29, 2015

A5 21

designed to provide nancial assistance to help rehabilitate Corp members who suffer disabling injuries during their National Youth Service Programme. He added that through constant support of the Bank and other well meaning individuals and corporate organisations, the NYSC Hope Alive Scheme has been able to offer a new ray of opportunity for disabled young Nigerians to pursue their dream of self realization. Managing Director of Heritage Bank, Mr. Ie Sekibo praised the NYSC for having the foresight and humanitarian spirit to set up the Hope Alive Initiative.

L-R: Chairman of Council, Nigeria Netherlands Chamber of Commerce, Reginald Ihejiahi, Managing Director/Chief Executive Ofcer, Teco Company Limited, Engr., Charles Aladewolu, Chief Executive Ofcer, Financial Derivative Company Ltd, Bismarck Rewane and Managing Director/Chief Executive Ofcer, Fidelity Bank Plc., Nnamdi Okonkwo at the Annual General Meeting of the Nigeria Netherlands Chamber of Commerce sponsored by Fidelity Bank Plc. in Lagos

of the state and the country. He said the federal government was in the process of reviewing the status of the country ’s Free Trade Zones, including that of Maigatari, with a view to reviving them. Musa said Maigatari zone had an advantage because of the railway line from Ringim to Nguru in Yobe. “With the programme we are doing in our ministry right now, when Maigatari zone is revived, it will not only serve Nigeria, but also serve markets in Niger Republic ’ ’, the permanent secretary said. He also said federal government would like to collaborate with the state government on skill acquisition schemes to generate jobs for unemployed youths. Musa explained that he was in Government House to discuss with the state government on how Dutse International Cargo Airport could be utilized to the fullest. In his remarks, Gov. Badaru reiterated government ’s commitment to collaborate with any government or organisation that would boost the economy of the state.

NAGAFF commended FG on capacity building in maritime industry

he National Association of Government Approved Freight Forwarders, NAGAFF has commended the Federal Government for enhancing capacity development in the freight forwarding industry. The association gave the commendation in a message issued by NAGAFF ’s Chairman, Ethics, Complaints and Disci-

pline, Mr Chris Agba. Agba said the Council for Regulation of Freight Forwarding in Nigeria, CRFFN, had played immense roles in capacity development in the industry. He said through training and retraining programmes, freight forwarders had been able to maintain their pride of place in the shipping market. According to him, government has provided this life line in form of training and continuous retraining through CRFFN, now being threatened by a few individuals. News Agency of Nigeria, NAN, reports that the ve freight forwarding groups have been divided over collection of practitioners ’ fees by the CRFFN. ``As globalisation remains an important concept, the Federal Government has fashioned out a mechanism to assist in providing an enabling environment for maritime actors and stakeholders, through our unbiased regulatory council, CRFFN, ’ ’ Agba said. He said CRFFN was saddled with the responsibility to instil professional standards in the freight forwarding practice. ``The council is further poised to help streamline procedures and raise operational standards, capacity building and empowerment, through continuous training and retraining programmes, ’ ’ Agba said.

NYSC commends Heritage Bank on youth development

ational Youth Service Corps, NYSC, has lauded Heritage Bank for its commitment to youth empowerment, especially in the area of promotion of entrepreneurial culture

Sekibo

among youth in the country. Speaking during a courtesy visit by the NYSC top management team to the Heritage Bank headquarters in Lagos, the Scheme ’s Director General, Brigadier General Johnson Bamidele Olawunmi declared that youth empowerment is vital to the development of any country. According to him, to tackle the rate of unemployment and enhance the economic growth of any country, the youth population segment must be encouraged and supported to develop entrepreneurial skills and self-reliance. This, he said, led to the establishment of the Skill Acquisition and Entrepreneur Development ,SAED, by the Scheme as a way of channeling more concerted efforts to youth empowerment to achieve the desired results. Brigadier General Olawunmi thanked Heritage Bank ’s management for recently offering employment to thirty ex-corps members in addition to granting of loan facilities to many others to start their businesses under its SME Loan Scheme. The NYSC helmsman also showed profound gratitude to the Bank for its strong support for the NYSC Hope Alive Initiative Scheme, a programme

Experts seek reforms in nancial sector

inancial experts have said new reforms in the nancial services sector will help to reposition the industry and prepare it to drive economic growth. The experts spoke in Lagos at a forum organised by Lekki Gardens Estate Investment. Chief Executive Ofcer, Lead Capital Plc, Mr. Abimbola Olashore, said new reforms in the banking sector would guarantee fair banking practices and better regulatory supervision. According to him, the move will help to unlock the nancing gap in various sectors of the economy including the 17 million housing decit in the real estate market. Presenting a paper on ‘Unlocking the opportunities in the Nigerian residential real estate market: The investor ’s perspective ’, Olashore said Africa ’s growth presents investment opportunities in key sectors given the sheer size of the market and the continent ’s potential. “By 2030, more than 50 per cent of Africans will be living in cities. The key drivers in Africa real estate are political stability, macro-economic reforms, rapid urbanisation, and growing middle class, ”he said. He said the sector had challenges with issues that border on land registrations, access to nance, lack of infrastructure, importation of raw-materials, and affordability. According to the Lead Capital boss, the opportunities inherent in the real estate sector hinges on the increasing population growth in which more than 80 per cent of Nigerians live in settlements. The investment forum had in attendance various captains of the industry who spoke on how opportunities could be unlocked in the real estate sector through the banker ’s perspective, investor ’s perspective, infrastructural banker ’s perspective, pension manager ’s perspective and fund manager ’s perspective. BC

A6 22

Business Courage

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Companies & Markets

Sterling Bank to publish names of delinquent debtors By Udo Onyeka

terling Bank has concluded plans to publish the names of individuals and institutions with nonperforming loans on national newspapers, including social media if they fail to repay loans obtained from the Bank. This is in line with a directive from the Central Bank of Nigeria, CBN, mandating banks to publish said names in at least three national daily newspapers. With non-performing loans in the industry totalling N390bn in May 2015, the apex bank has given a deadline of July 31, 2015 for delinquent debtors to change the status of their accounts from non-performing to performing, failing which their names ,including directors in the case of companies, will be made public. Sterling Bank admitted that some of its delinquent debtors had approached it after receiving formal notice for amicable settlement to avoid embarrassment. “Some delinquent debtors are making frantic efforts to repay their loans and avoid their names being published, while others are hopeful that the CBN will extend the deadline and are asking for more time to pay. “Our position on this remains that those who negotiate agreeable terms of repay-

ment before the expiration of the deadline will not have their names published; while the names of other delinquent debtors will be published in compliance with the CBN ’s directive ”, the bank statement said. The Bank commended the CBN for alerting operators and the general public to the increasing volume of NPLs and for coming up with a solution to curb this potentially dangerous trend.

In a circular signed by Director of Banking Supervision, Tokunbo Martins, and sent to banks and Discount houses, the CBN noted the rising trend of NPLs and insisted that the industry ’s NPL ratio must not exceed the prudential limit of 5 per cent in order to improve the banking industry ’s asset quality. The apex bank noted that at present, the loan portfolio of the deposit money banks was N15

trillion, while non-performing loans constituted about 3.3 per cent of that gure. The CBN said delinquent borrowers are to be given three months beginning from May 1, 2015 to start making repayment. Borrowers whose loans remain non-performing after that period will be banned from Nigeria ’s foreign exchange market, government bond markets and their names will be published in national dailies. BC

nnovative Mobile phone Company, Tecno has launched its latest mobile device which would run on one of Intel ’s Atom Processor for tablet, the WinPad 10. The device, which is a cross between the tablet and laptop would be available for sale across the country and is expected to offer users a whole new experi-

Okonkwo

eometric Power which has established a 141 megawatt captive power for industrial use in Aba, Abia State is collaborating with General Electric to build 1,080 megawatt power plant. The plant is to be located in Abia State. Prof. Barth Nnaji who conrmed the development at the West African Power Industry Convention, WAPIC, in Lagos said the rst phase of the project that would generate 500 MW would be completed in 2019 at a cost of $800 million. He said the rm had also appointed London-based Standard Chartered Bank as nancial advisers for the rst phase of the plant. “We have a 1,080 megawatt project in partnership with General Electric. The power goes to the national grid. What we are doing is to build up power projects in this way, ” he said. Nnaji said the rm was in discussions with some Chinese, European and US investors and expected nancial close by year-end. Construction would start early next year. BC

Chevron to sale 40% stakes in oil blocks L-R: Business Partner/Director, Tiffany Amber, Nkiru Adekoya; Founder/Artistic Director, Tiffany Amber, Folake Coker; Divisional Head, Corporate Communications, Diamond Bank Plc, Ayona Trimnell, and Retail Directorate, Diamond Bank Plc, Aisha Ahmad at the Diamond Bank Women of Vision Press Brieng in Lagos

Tecno partners Intel, others to launch new WinPad 10 By Adejuwon Osunnuyi

Geometric Power partners GE on power generation

ence. According to Tecno Management, WinPad 10 is a 10.1 inch HD screen device and it is expected to offer consumers an entirely unique watching video and browsing experience. The device comes with a 5.0 MP Back Camera and 2.0 MP Front Camera that give a captivating interface, virtual quality and a smooth operating experience on its preloaded Windows 8.1, while running on Intel Atom Processor Z3735F, Quad Core 1.83 Ghz, a 32GB ROM and 2GB RAM. The broader ROM and RAM also offer space to users to store and run apps at the same time. The Tecno WinPad is more mobile than a laptop, more productive than a tablet and more affordable than an Ultrabook. It has dual “Boom ” speakers with amazing surround stereo sound which offers high quality sound and brings a new experience of sound perception to its users, thus offering more than a triple package.

Speaking at the launch of the device, the Vice General Manager of Tecno Mobile Nigeria, Chidi Okonkwo said the new WinPad will help to expand the company ’s market and provide new opportunities to those who desire to work on the Windows Operating System. “We are indeed excited to bring this product to the market along with new Windows Operating System and Intel ’s very fast Atom Processor. We are offering those whose lives are mobile a smart bouquet of efciency. With a full charge, the user can surf the web, run different applications, watch movies and even play games at the same time. The Tecno WinPad offer users six hours of video playback time and 150hours of standby time, ’ ’ he said. Consumer Manager, Intel Corporation Nigeria, Womiloju Olabanji described WinPad as an efcient device, adding that its Intel processor offer users a brilliant and faster experience. Olabanji noted, ‘ ’The Atom

Processor Z3735F, Quad Core 1.83GHz is a fast and an efcient quad-core. Actually, the 4 cores it operates on, is why the WinPad would be very efcient for multitasking in comparison to dual core processors. The Pad, with these processors would be highly-benecial to those whose businesses involve multitasking. ” In addition, the Consumer Channel Group Director of Microsoft Nigeria, Mark Ihimoyan said that, “For full PC power and total tablet fun, there ’s nothing like a Windows 2 in 1. Touch, click or type – you choose what ts your style and activity. All the great apps you need are in the Windows Store, plus you can play Xbox games, music and videos. Use Skype to video chat, take notes with Ofce, and get your photos and les from anywhere with OneDrive. ” Tecno has in the past successfully launched smartphones into the Nigerian Market, releasing its rst tablet running on the android Operating System into the market in 2013. BC

.S. oil major, Chevron Corporation is concluding plans to sell its 40 percent stakes in two more Nigerian shallow water offshore oil blocks, Oil Mining Leases, OML, 86 and 88 in the Niger Delta area. Chevron in February completed the sale of its 40 percent stakes in two Nigerian shallow water offshore oil blocks, OML 83 and 85, to local rm First Exploration & Petroleum Development Company Limited, First E&P. Reuters reported that, oil theft, pipeline vandalism and uncertainty over taxes in Nigeria ’s proposed oil bill, which is still in the making, has been holding back billions of dollars in investment, especially in capital-intensive deepwater offshore blocks, leading some multinational upstream rms to sell them. Last year, Oando completed the acquisition of ConocoPhillips ’s upstream oil and gas business in Nigeria. The US oil major, it was learnt, plans to divest 40 per cent from Oil Mining Leases, OMLs, 86 and 88, both located in shallow waters off Bayelsa State, bringing to seven the number of oil blocks sold by Chevron since 2013. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, June 29, 2015

A7 23

Companies & Markets

Arik Air, Police to partner on improving Security By Udo Onyeka

he Managing Director of Arik Air, Chris Ndulue, has pledged to work with the new Commissioner of Police, Murtala Muhammed International Airport, Lagos to improve security in its operations. Ndulue made this known when the Police Commissioner, Mr. Taiwo Lakanu paid courtesy visit to the airline ’s headquarters in Lagos. He urged the police to sustain

and improve security at the airport to end the incursion of unwanted persons at the restricted areas of the airport and prevent those who sneak into the airport and enter the wheel-well of aircraft as stowaways. Ndulue also noted that police should have access to every part of the airport and should not be prevented from working at the restricted areas, remarking that at other parts of the world police have unfettered access to all parts of the airport in order

Custodian and Allied to drive growth through innovation

he Managing Director, Custodian & Allied Insurance Plc, Mr. Wole Oshin, said his rm will continue to drive its growth through innovation, technology and better service delivery. Oshin, who stated this during a public lecture to mark 20 years anniversary of the rm in Lagos said: “We are a best practices company that has consistently delivered superior performance and do not engage in unhealthy practices capable of negatively impacting the general nancial sector. We provide professional service whilst embracing our ethical value system, delivering service to our numerous clients and at the same time reaching out to the general public with products designed with all classes of clients in various business groups in mind. ” He stressed that the company is committed to sustainable development of its environment through proper governance and risk-management methods. Promising that the company will continue to exceed expectations by constantly pushing the frontiers of innovation, service delivery, technology as well as processes in delivering tailor-made, customer-focused products and services to its customers, he vowed that the underwriting rm will ensure that every stakeholder derives maximum value from the Custodian franchise. Speaking on its 20 years of

Oshin

existence, he said the Custodian Group currently sits on Assets in excess of N50bn, Annual Earnings of over N25bn and Pension Assets under management in excess of N160bn. Oshin pointed out that the full year result published recently, show a prot after tax of N4.5bn, representing an increase of 26.23 per cent over the N3.603bn recorded in 2013. He noted that the company recorded a 17.8 percent growth year-on-year in owners ’ fund complemented by a total equity of N22.48bn as at December 31, 2014. Earlier, the Chairman of the rm, Mr. Michael Ade Ojo, said 20 year of existence of the rm has been an interesting journey with several layers of challenges unfolding in its wake, amidst individual and team sacrices, unrelenting commitment to excellence and unrivalled zeal to succeed. BC

to effectively maintain peace and ensure the protection of passengers and other airport users. He said that Arik Air has well-trained aviation security personnel which would always collaborate with the Nigeria police for maximum protection and prevention of any kind of crises. Mr. Lakanu in response said he is determined to collaborate with airlines to improve security at the airport, but however noted that the airport is vast with so many acreages of land to be covered, adding that police is trying to plug the loopholes. “The essence of my visit is to establish a relationship to let

you know that we will work together. I want you to be free to criticise us. The public is our police. They are supposed to police the police. You are professionals if you notice any excesses you have to draw my attention to it and I will take it up personally. We need to create conducive environment for you people to work. To create enabling environment and the only way we can do it is to make sure that the area is crime free. Here is a technical environment, which is vast with acreages of land. It is too big, ” he said. Lakanu said he would fully utilise the strength of the police

under his command to prevent crime at the airport. “If you come to the ramp you will see a lot of policemen there. That has reduced the crowd there and I am going to work with the Nigeria Air Force to make sure we reduce the number of people that have illicit access to the airport; then concerning your own area, whenever you have problem, do not hesitate to call on us. I believe in being proactive instead of being reactive. Let us personalise this relationship for maximum result. It is going to be a better relationship between the police and Arik. BC

L – R: Executive Director, Business Development, The Nigerian Stock Exchange (NSE), Haruna Jalo-Waziri; Senior Oil Industry Analyst, Bloomberg Intelligence, Phillipp Chladek; Group Executive Director, Oando Plc, Mobolaji Osunsanya; Chief Executive Ofcer, NSE, Oscar N. Onyema, OON; Head of Market Structure Strategy, MEA, Bloomberg L.P., Shelloua Chakri; Chief Executive Ofcer, Seplat Petroleum Development Plc, Austin Ojunekwu Avuru and Managing Director,Mobil Oil Plc, Adetunji A. Oyebanji at the NSE-Bloomberg CEOs Roundtable for Banking & Oil Industries at the Exchange

Fidelity Bank to promote savings culture among children

he Executive Director, Shared Services, Fidelity Bank Plc, Mrs. Ugochukwu Chijioke, said the lender will extend its nancial literacy initiative to kids and young minds as a way of promoting savings culture among children. She said introducing the habit of saving to children early in life would help them to secure their future and grow up to become responsible adults. The director, who stated this while presenting cash gifts to beneciaries of the lender ’s customer loyalty scheme, said the initiative is meant for both children and adults. The bank had recently launched a reward system for customers who operate the Sweeta Account and Fidelity Personal Savings Scheme. The former is for children while the FPSS is for adults. She said: “Fidelity Bank is really about giving the customers more and more extra value for anything and everything

wherever is possible. “Fidelity is about important things, and one of the most important things we want parents to be aware of is to bring the children to the bank every

now and then to deposit N100 or N1000 in their accounts. ” According to her, as the children grow up in life, such culture becomes part of their life and this will lead to nancial prosperity.

Highlighting the signicance of the reward system to the customers, Chijioke, who admitted that savings culture was not easy to imbibe, advised parents not to toy with the future of their kids. BC

Anchor Insurance promises efciency, prompt claims payment

nchor Insurance Company Limited has promised its teeming customers and shareholders efciency in the discharge of its duties to them. It equally vowed to continue to settle claims as at when due, saying this is what the company lives for. A statement from the company signed by its Spokesperson, Mr. Kehinde Olaniyi, stated that prompt settlement of genuine claims, “has been our culture and this we intend to keep doing so as to give condence to the insuring populace and create more awareness for insurance culture in Nigeria. ”

To this end, he disclosed that Anchor Insurance paid N23m to Niger Delta Power Holding, Sapele Power Plant, as claims, within three days of receipt of discharge voucher. This payment, he said, was made to indemnify Niger Delta Power Holding for a claim that occurred as a result of electronic fault leading to arcing and re in the main generator and subsequent explosion and re in main transformer and Gas Turbine unit at its Sapele Power Plant. The company, through Olaniyi, stated that the payment of this claim has indeed demonstrated the company ’s

willingness to support the Federal Government ’s drive in revamping the power sector. He added that insurance played a key role in sustaining the power infrastructure so as to ensure adequate, efcient and constant generation and distribution of power in the country. He re-emphasised that Anchor Insurance is adequately capitalised with multi-disciplinary management who has expertise in handling power and energy insurances backed by robust and solid technical partnership with leading reinsurance underwriters and reinsurance brokers both locally and internationally. BC

A8 24

Business Courage

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Global News reject TPP. So it is a prerequisite for a TPP agreement to include high standard protection for new drugs, ” the Japanese ofcial said. But the ofcial nonetheless sounded an optimistic note. “I don ’t think any remaining issues cannot be resolved if there is sufcient political attention and input required to solve these in time for the ministerial meeting that we expect to be held before the end of July, ” he said. Abe

Japan, U.S. can reach agreement for July pan-Pacic trade deal

apan and the United States are likely to resolve outstanding bilateral issues so that a 12-nation Trans-Pacic Partnership (TPP) deal can be struck at a multilateral ministerial meeting expected in July, a senior Japanese ofcial said on Friday. A deal between the United States and Japan, the world ’s largest and third-largest economies, is vital to clinching the multilateral TPP pact, which would cover 40 percent of the world economy. The deal is a key part of U.S. President Barack Obama ’s strategic rebalance to Asia in the face of a rising China. The politically touchy matters of access to Japan ’s market for farm products including rice and the U.S. market for auto parts are among remaining bilateral issues, the ofcial said told Reuters. “It is not anticipated that these remaining issues will be stumbling blocks for a U.S.Japan agreement, ” the ofcial said. “We are condent we will be able to resolve them in time for concluding TPP negotiations overall. ” After a six-week Congressional battle, the U.S. Senate voted 60 to 38 on Wednesday to grant Obama “fast-track ” power to negotiate trade deals and speed them through Congress. Japan and some other countries had wanted fasttrack to be approved before making nal offers on the trade deal. The Japanese ofcial declined to give details of the negotiations. Intellectual property protection including for newly-developed drugs ranks high among the issues to be resolved to clinch the multilateral TPP deal, which would harmonize rules and standards and lower trade barriers among the 12 developed and emerging nations. “If not conducted satisfactorily, it could very well be a reason for the U.S. Congress to

Ad executives cautious about growth, gear up for contract battle

he reluctance of big companies to spend at a time of lackluster global growth and fewer major sporting events this year are dampening demand for advertising, said the chief executives of two leading ad agencies. In separate interviews on Friday, Martin Sorrell of WPP (WPP.L) and Maurice Levy of Publicis (PUBP.PA) sounded cautious about the prospects for the advertising market, citing a lack of vibrancy in the U.S economy, weakness in Brazil, Russia and China, and Europe ’s continued fragility. “There is a lot of uncertainty, ” Levy told Reuters. “Companies have cash to spend but are not in the mood to do so, and consumers are not feeling condent either. ” Research rm Zenith Optimedia, owned by Publicis, recently cut its growth forecast for the global advertising market to 4.2 percent down from 4.9 percent earlier this year. For his part, Sorrell said that the major companies served by WPP agencies such as Ogilvy and Mather and Group M were very focused on cost controls, sometimes to the detriment of long-term investment in their brands and products. “Business is tough. Clients are very demanding in an environment where top-line growth is lower than it was before the nancial crisis began, ” he said. Against that backdrop, the world ’s top six ad agencies face upheaval because an unprecedented $27 billion in media buying and planning contracts are up for review in the coming months at companies including Coca-Cola (KO.N), Procter and Gamble (PG.N) and L ’Oreal (OREP.PA). That is requiring them to defend some major contracts, while trying to steal others from rivals. Morgan Stanley estimated that Publicis was the most exposed, with 1.7 percent of sales at risk and 2.5 percent of earnings per share. It is defending seven contracts including P&G,

General Mills (GIS.N), TwentyFirst Century Fox (FOXA.O) and Coca-Cola. For WPP, about 1.1 percent of revenue and 1.6 percent of earnings per share are risk as it seeks to keep nine contracts including Volkswagen (VOWG_p.DE) and Unilever (ULVR.L). Both Sorrell and Levy claimed the reviews were an opportunity to win business, while acknowledging that the fees would be lower on the new deals than the old ones. “The reviews are worrying for the agencies but their effects will also be felt on media owners because the price of ads will fall further, ” Levy predicted, referring to TV broadcasters, print outlets, and radio. Levy said added the Publicis had already kept one contract with beauty products maker Coty (ULVR.L) with billings of $600 million and another with coffee specialist Keurig worth $500 million.

Oil markets soft as markets eye Greece, Iran uncertainty

rude futures rose modestly Friday on hopes for a deal that would help Greece avoid a debt default, and on uncertainty over whether a nuclear deal could be sealed with Iran next week that may end crippling sanctions on its oil exports. A suicide bombing by Islamic State militants in Kuwait, which killed 25 people and wounded more than 200, raised fears about the security of Middle East oil supplies, lending some support to crude. Other acts of violence with varying impact on the market included a terror attack in France, the shooting deaths of 28 people in Tunisia, including Western tourists; and the killing of at least 145 civilians in northern Syria by Islamic State militants. Greece ’s Finance Minister Yanis Varoufakis said he saw no reason for Athens not to have a deal with its creditors by Saturday as Athens worked toward an agreement that would help it avoid a debt default and stay in the euro zone. A senior EU ofcial, however, said Greece will probably be in arrears with the IMF for a few days. “If there is a resolution to the Greece problems, this market could get a big boost, ” said Phil Flynn, analyst at the Price Futures Group in Chicago. Brent futures were up 10 cents at $63.30 a barrel by 1:58 p.m. EDT. U.S. crude rose 5 cents to $59.75. In rened oil products, gasoline rose 0.7 percent while

ultra-low sulfur diesel gained 0.3 percent on short-covering after sharp losses in recent sessions. In Vienna, major differences remained at talks between Iran and world powers on key issues such as sanctions relief and U.N. access to Iranian nuclear sites ahead of a June 30 deadline for a nal deal, senior Western diplomat said. On the data front, oil services rm Baker Hughes said the U.S. oil rig count, a measure of future production, fell by 3 this week. It was the smallest drop in ve weeks and a sign that the collapse in U.S. drilling was coming to an end, with crude prices recovering after a 60 percent slump between last June and March this year. “We ’re bottoming out and should see an end to this drop in the coming weeks, ” Matt Smith, director of commodity research at New York-based Clipper Data said, referring to the rig count. No longer so secret, Swiss banks look to expand after purge Switzerland ’s private banks are close to ridding themselves of undeclared European accounts, a salutary process but one which has undermined efforts to grow their businesses. Following the nancial crisis, cash-strapped governments chased accounts hidden at banks in Zurich, Geneva and Ticino where wealthy Europeans had taken advantage of Switzerland ’s famous bank secrecy rules. Stunned by arrests of highprole clients for tax evasion, large numbers of European citizens have joined voluntary disclosure program and pulled cash from Swiss banks to pay penalties and clear back taxes. After billions of Swiss francs in withdrawals, recent gures from UBS (UBSG.VX) suggest the tide is beginning to turn. In the rst three months of 2015, the Zurich-based bank reported its steepest quarterly net percentage rise in European assets in over three years. That has helped to justify the bank ’s decision to refocus on wealth management and slim down its investment bank. “For the industry, and in particular UBS, the bulk of the

Varoufakis

European cross-border outows may be behind us, ” said Kinner Lakhani, an analyst at Citi.

There are still bumps in the road ahead for Swiss banks.

global tax data sharing program, which Switzerland is set to implement from 2018, could trigger a fresh round of outows, especially from emerging market depositors. An end to European withdrawals however, would make it easier for banks to grow the amount of assets they manage. In recent years Swiss private banks have had to drum up fresh business simply to offset the amount of withdrawals. Clearing the books of undeclared accounts has been no small task. One prominent Swiss banker estimates that they made up more than 80 percent of many banks ’ assets prior to the nancial crisis. But at the end of 2014 some 95 percent of German assets with Swiss banks had been declared, according to the Swiss Bankers Association. The industry group expects this to reach 100 percent by the end of 2015. France, Britain and Austria have also given taxpayers the chance to disclose undeclared accounts. Bank secrecy in Switzerland for foreign account holders was effectively when the country signed up to the Organisation for Economic Cooperation and Development ’s (OECD) tax data sharing program last year. But its legacy will haunt the industry for some time yet. Earlier this year, leaked les suggested HSBC ’s (HSBA.L) Geneva-based private bank may have enabled clients to conceal millions of dollars in assets in years past. HSBC this month agreed to pay Geneva authorities 40 million Swiss francs ($43 million) to settle a money laundering investigation at the bank. Banks have reacted by overhauling their business models, devoting more resources and jobs abroad, particularly to Asia, which is the world ’s fastest production line for multimillionaires and billionaires. Switzerland ’s banking expertise has helped it to retain its position as the largest offshore wealth center with $2.4 trillion in assets as of 2014 according to the Boston Consulting Group. But the withdrawals have been a major challenge. Martin Schilling, a director at accounting rm PricewaterhouseCoopers, estimates that between 350 billion and 400 billion francs have left Swiss banks since the nancial crisis, with the majority going to other European countries. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, June 29, 2015

A9 25

Brand Watch

Experts canvass transparency in CSOs, CSR initiatives for poverty eradication Stories by David Audu

he need to foster shared understanding and mutual trust between CSR vehicles, non-governmental organisations and host communities in the execution of developmental projects is imperative. This was the major talking point at the giving back conference organised by BusinessDay newspaper with support from the British American Tobacco Nigeria Foundation, BATNF. Divisional General Manager, Conferences and Events, BusinesDay, Mr Amadi Iheukwumere, who represented the Publisher and Chief Executive Ofcer, BusinessDay news-

paper, Mr. Frank Aigbogun, emphasised the need for the private sector to assist government in tackling poverty and youth unemployment. “We have seen the serious problem that poverty and unemployment pose to the economy and that government and public policies alone cannot solve the problem. Therefore, we cannot leave it to government. So, we decided to ask: does the private sector have to sit back and watch? Do they have any role in poverty reduction and youth and unemployment? We can see that having a large number of youths unemployed portends danger for the nation. So, this conference is

meant to see if there is any role for social investment in reducing poverty, ” he said. He charged companies in Nigeria to demonstrate the “understanding that being socially responsible is not something that should be forced on them ” but a way to tackle the challenge. Area Head, Corporate Affairs, British American Tobacco Nigeria, Seyi Ashade, noted that the BATN Foundation developmental strides could be seen in about 120 community development projects across the country where it has worked assiduously in alleviating poverty and improving the fortunes of people in the countryside.

Some of these interventions and support schemes include the Dry Season Vegetable Production in Niger State, Cassava Processing Cottage, Oyo State; Rice Enterprise Development in Doko Niger State, Vegetable Enterprise Development Project, Ajera, Badagry, among others whose beneciaries list cuts across a value chain of about 1,543 people. “As a responsible corporate citizen, BATNF has consistently employed innovative solutions in assisting rural farmers to contend with climate change crisis, ” Ashade said. She also noted that the Foundation has proactively managed potential ashpoints that occur on ac-

count of nomadic ranchers grazing on farmers ’ farmlands in some communities, noting that “BATNF remains fully committed to empowering benetting communities. ” She stated further that the Foundation conducts a thorough needs assessment before embarking on any initiative as well as regularly monitoring the progress of it projects. Some of the resource persons at theevent include; Founder, Imaginarium Creative Group; Mr. Ferdinand Adimefe, Member, Lagos State Public Procurement Agency Board; Mr. Ayodele Adebusoye, and Chief Executive Ofcer, Livewell Initiative, Mrs. Bisi Bright. BC

Airtel rewards trade partners for loyalty, commitment

L – R: Chairman/CEO, Mobil Oil Nigeria Plc & Director, Society for Corporate Governance Nigeria (SCGN), Tunji Oyebanji, Director/Fellow, SCGN, Professor Pat Utomi, MD/CEO, NDIC, Alhaji Umaru Ibrahim, President, SCGN, Chief Olusegun Osunkeye, CEO, Economic Associates, Dr Ayo Teriba & SAN, Director/Fellow, SCGN, Dr Fabian Ajogwu, at the 2015 Executive Breakfast Meeting of the Society in Lagos

XLR8 wins Guinness Nigeria corporate brand account

ommunication management consulting rm, XLR8 has been selected by Guinness Nigeria to manage its corporate brand. A statement from XLR8 noted that the appointment follows an extensive selection process that included an open pitch for credentials presentations followed by panel discussions. Guinness Corporate Relations Director, Mr. Sesan Sobowale, commented that “throughout the selection process, we were impressed by XLR8 ’s industry and market knowledge and we feel condent that the organisation possesses the wherewithal to add value and provide support as we partner to achieve our business objectives. ” According to Chief Execu-

tive Ofcer of XLR8, Calixthus Okoruwa XLR8 is both delighted and honoured to have Guinness Nigeria join its impressive roster of blue-chip brands. “Any organisation that has been able to build a brand and sustain its iconic status for more than 250 years deserves all the respect and adulation it gets. “We are indeed, humbled by this opportunity to be of service to this formidable organization and will continue to seek to justify the condence which it has reposed in XLR8, ” Okoruwa said. With a solid track-record of market performance, Guinness Nigeria has been in Nigeria since 1960 and is a member of the Diageo Plc, the world ’s foremost premium alcoholic drinks company. Its robust portfolio of

products includes a wide range of premium alcoholic and nonalcoholic beverages including Guinness, Foreign Extra Stout, Harp, Malta Guinness and Orijin. XLR8 has since its founding in 2004, consulted for some of the world ’s best known and most respected brands across different industry sectors that include technology, banking and nancial services, broadcast and entertainment, fast moving consumer goods, among others. “Guinness Nigeria is the latest addition to the very distinguished clientele for which we are eminently proud to be of service, and as always, we shall strive to ensure that our work speaks for us in the value that we deliver, ” said Okoruwa. BC

irtel Nigeria, has rewarded its top performing trade partners with Sports Utility Vehicles among other luxury prizes. The event, held in Lagos recently, offered a platform for the Telco to honour its channel partners while celebrating their contributions and achievements in the past year. It also provided an opportunity to encourage them to partner with company to continue to enrich the lives of its customers. Speaking at the occasion, the Managing Director & Chief Executive Ofcer of Airtel Nigeria, Mr. Segun Ogunsanya, commended the company ’s channel partners for their commitment, loyalty, focus and hard work, attributing the growth of the company in the last nancial year to the strong support it received from all its channel partners. “We thank all our Channel Partners for demonstrating exceptional zeal towards the achievement of the business objectives of our company. As partners in progress, they have contributed immensely to our success and fullment of promises made by the Airtel Nigeria to its teeming customers. “There is no doubt that our highly esteemed Channel Partners deserve to be acknowledged and commended for the effort they have invested into their businesses and the drive they have shown towards the success of this brand. It stands to reason that we offer you a warm handshake and encourage you to keep partnering with us to deliver better results ”, Ogunsanya said. He described Airtel ’s part-

nership with its channel partners as a winning partnership rooted in shared interest to enrich the lives of Nigerians, shared values that reinforce people empowerment and innovativeness, and most importantly, a shared passion to win customers for life. He also assured them that Airtel Nigeria would continue to provide support and assistance where needed and increase its investment in network quality and performance. . According to him the company will continue to invest in the expansion of network and the enhancement of quality of service, adding that the rm continue to evolve innovative new products to offer telecoms consumers across the country. Akwa-Ibom based Channel Partner and Managing Director of Idems Utilmate Ltd, Mr. Unyime Idem won the CEO ’s Award for Excellence and the grand prize of a 2015 Mercedes Benz GL 450, while another Channel Partner and Managing Director of C&N Abuson Investments Ltd, Chief Ogoeze Nwabueze, won a 2015 Toyota Land Cruiser for emerging as the National Primary Sales Champion. Prizes presented to other winners included brand new Toyota Hiace buses, generators, laser jet printers, Shop on Wheels, mobile tabs and a 2015 Hyundai Elantra donated by Zenith Bank, one of the sponsors of the rafe draw. The event, themed Winning Customers for Life Partnership attracted over 70 Airtel Channel Partners drew from across the country, and featured special musical and comedy performances. BC

A10 26

Business Courage

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Energy Review

Nigeria groans as crude oil theft vitiates developmental drive The increasing wave of crude oil theft estimated at a whopping N433bn yearly is giving the Federal Government a lot of concern given its threat to socioeconomic development of the country. In this analysis, Gbenga Odogun reflects on the problem and how to tackle it.

il theft has become a reoccurring phenomenon in Nigeria, with the country losing an average of 400,000 barrel of crude per day to the oil thieves. This translates to a loss of a whopping N433bn annually at the current rate of $65 per barrel. The Nigerian Navy which conrmed this noted that the loss was due to poor law enforcement presence in the waterways The Chief of Naval Staff, Vice Admiral Usman Jibrin, made the disclosure in Abuja, when he defended its 2015 budget proposal before the Senate Committee on Navy. Jibrin who credited the statistics to a recent revelation made by Chatham House, London. Said the statistics did not include the amount of oil suspected to have been stolen from export pipelines, cost of oil spillage cleanup, and loss of income to shing com munities and environmental degradation. Oil theft is a nefarious commercial enterprise usually associated with criminal gangs, militants tapping crude from pipelines for local rening, while the large quantities of stolen crude leaves Nigeria ’s shores to foreign countries where it is sold illegally to make more money. The unwholesome act poses a great threat to the survival of Nigeria as a mono-economy because the oil and gas industry provides the highest revenue/income to the federation coffers. Government opted to check activities of oil theft hitherto commonly associated with militia group from Niger Delta

A worker at an illegal renery fed by stolen crude oil

region awarded security contract estimated over N17bn to some egg-heads of the exmilitant groups to protect the country ’s pipeline against vandalism as well as other activities oil thieves. Curiously, rather than the situation abating, it has rather assumed astronomical dimension, calling to question the real characters behind the theft. Previously, the dominant thinking was that militants and other miscreant were largely behind the pipeline vandalism and oil theft. However, a closer evaluation of the situation has shown that beyond pipeline vandalism, several methods are adopted to cart away crude oil and disposed of at high sea, and going by the sophistication and the paraphernalia required to engage in the illegal trade, it is obvious illegal oil bunkering may be perpetuated by highly placed individuals with some international business clouts and machinery to embark on the illicit act. Of course, it could only be the privileged elite of the society with inuence in the corridors of powers, who in collaboration with security personnel would easily beat off efforts to checkmate their nefarious deeds. True, there are security surveillances of oil installations, but the elements are often at the back and call of these inuential persons who command enough political clout to determine who gets posted where and when.

Jibrin

“The Nigerian Navy is constitutionally tasked with the protection of our maritime assets and recently the Chatham House revealed that Nigerian crude oil is being stolen at an industrial scale. It conservatively estimates that about 100,000 barrel per day, valued at N1.18bn is stolen daily due to poor law enforcement presence, which is translated to N433.62bn annually, ’ ’ he said. Jubrin attributed the inability of the Navy to curb criminality in the nation ’s waters to lack of adequate funding, and called for better funding of the service. A statistic released by oil. com also revealed Nigeria as having the highest incidents

of crude oil theft in the world. According to the statistics on their website, with as much as 400,000 barrels of crude oil stolen daily, Nigeria is ranked worse than Mexico, Iraq, Russia and Indonesia on the top ve countries most plagued by oil theft. The report put Nigeria ’s losses to crude theft at $1.7bn, about N272bn per month, representing 7.7 percent of Nigeria ’s Gross Domestic Product, GDP. “This represents 7.7 percent of Nigeria ’s GDP vanishing, or more than the country spends on education and healthcare. “These numbers paint a harsh picture about the inability of the Nigerian govern-

ment and the multinational oil companies in Niger Delta, to do anything about this rampant theft ” the data stated “With oil theft hitting record levels in 2013, the G8 has been reminded of its 2000 pledge to help Nigeria solve this crippling problem. “However, as the Global Financial Initiative points out, ‘stolen Nigerian crude oil is transported on internationally registered vessels, sold to international buyers, processed by international oil reneries and paid for using international bank accounts ’. “With one group of thieves admitting to prots of nearly $7,000 a day from their illicit activities, it will take some doing to stop them, ” the report stated. Painting a pathetic picture, former Minister of Finance Dr Ngozi Okonjo-Iweala, whose worry reects the anxious care of the majority in the country, also conrmed that over 4,000 barrels of crude translating to N7 billion is lost daily to the activities of oil thieves. Also, the Nigerian National Petroleum Corporation (NNPC) admitted that the country loses a huge chunk to the nefarious activities of oil theft. Last year alone, the corporation says Nigeria lost between $25 million and $75 million Euros (N33 million and N100 million) to pirates attack of 966 sailors with the resultant loss of the above amount in product and worth. The Nigerian Navy attributed its inability to effectively curb this menace to inadequate funding. He said going by the 2015 overhead cost proposal of seven billion Naira, the service would nd it difcult to maintain sufcient presence on the nation ’s waters. He said the Navy required N205bn as capital budget for 2015 but based on the envelope system, it submitted only a capital budget of eight billion naira. Jubrin said that this represented 96 percent reduction. “The Nigerian Navy appreciates the nancial constraints of the Federal Government but wishes to point out the importance and economic benets of an improved funding. The report called on Africa ’s largest economy and top oil producer to bring this racket to a “full nal stop ”. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, June 29, 2015

A11 27

Fairly used PCs, devices market share surpass new products By Isaiah Erhiawarien

rends across the world seems not have been favouring markers of PCs and tablet as sales and shipments in the past few months is on the decrease according to watchers of the Information Communication Technology ICT industry. While patronage of the fairly used PCs and devices appears to be on the increase even in the face of environmental impact, makers of these technological devices are not resting on their oars at shunning out new brands of PCs and devices into the market. For instance, on Thursday, Tecno Mobile did a simultaneous media launch of its latest WinPad in Nigeria and Kenyan as part of its strategy to continue to remain relevant in the device market where competition gets tense regularly. According to the International Data Corporation, IDC, Worldwide Quarterly PC Monitor Tracker, the total worldwide PC monitor market shipped more than 29 million units in the rst quarter of 2015, a decrease of -12.0 percent compared to rst quarter of 2014 and 1.5 percent less than forecast. Director, Worldwide Trackers at IDC, Phuong Hang stated that although there were a few bright spots, Japan experienced a gain of 2.0 percent over the previous quarter after four consecutive quarters of decline saying that IDC expects the trend of declining PC monitor shipments to continue for the near term. “Some improvement may come later in the forecast as new product campaigns spark a modest recovery in the consumer segment, aided by contributions from the SMB and SOHO segments ” said, Hang. IDC in his report predicted a yearly decline of -3.4 percent in worldwide shipments to 28.8 million units in the second quarter of 2015 anticipating that around 120 million PC monitor units will be shipped for full year 2015, and that by 2019, worldwide shipments are expected to be less than 104 million units. Gartner, another global

An ultra-mobile hybrid device

market rket watchtcher said t h a t worldw i d e hybrid d e v i c e shipments pments is on Pace to Reach 21.5 million ion units in 2015, 5, up 70 percentt from 2014. The IT business intelligence rm observed in lligence rm its June report hybrids represent 12 percent of total mobile PC sales in 2015 adding that hybrid ultra-mobiles to be the fastest-growing segment of mobile PC market in 2015. Research Director at Gartner, Tracy Tsai said that “Of the 21.5 million hybrid devices shipped in 2015, 8 million will be ultra-mobile tablets ,two-in-one tablets and 13.5 million hybrid ultra-mobiles ,two-in-one detachable and convertible ultramobiles. This will make hybrid ultramobiles the fastest-growing segment of the mobile PC market with 77 percent year-on-year growth. ” According to her, the combination of portability, productivity and exibility of touch and a keyboard in one device is attracting some notebook

and tablet users to replace their de-

vices with hybrid form factors saying that “PC vendors are expanding into this segment with a value proposition to compete with Apple and Android-based tablet vendors. Sales of hybrid devices have not stopped growing since 2012, totaling 12.6 million units in 2014 and expected to reach 58 million units in 2019. ” Gartner analysts added that, despite hybrid devices achieving strong growth, clamshells will remain the mainstream form factor, accounting for 87 percent of mobile PCs in 2015 and 74 percent in 2019. On the consumer and business markets of the sector, Gartner said that PC vendors are expanding into hybrid devices for notebook and tablet users — the primary targets for the hybrid form factor. According to a Gartner

survey of more than 21,000 respondents across ve counrespondent tries ,U.S., China, Brazil, InGermany, conducted dia and Ge third quarter of 2014, in the thir as many as 11 percent of tab10 percent of desklet users, 1 top users and eight per cent notebook users are considof noteboo replacing their current ering repla device with a hybrid device in two years. the next tw enterprise segment, In the e departments are struggling IT departm to make a compelling case to purchase hybrid ultra-mobiles for users because the PC installed base is predominantly Windows 7 and legacy applications are not touchbased. “However, this will change when businesses start to migrate to Windows 10, ” said Tsai noting that “Windows 10 on hybrid ultra-mobiles will offer a better user experience with touch and voice as well as universal Windows apps apps written just once that receive device-specic user experience tweaks to allow them to run on different Windows devices. ” Businesses will also need to prepare for the end of extended Windows 7 support by January 2020. It is now a good time to look beyond the clamshell notebook to con-

sider if other form factors will make a better productivity t. An over of the market by the report showed Asus as the rst vendor to introduce a two-in-one ultra-mobile, was the No. 1 hybrid ultra-mobile device vendor in 2014 with 41 percent market share. Gartner said that Asus shipped 3.1 million hybrid ultra-mobile units, up 263 percent year on year adding that “to keep up its market share, Asus needs to increase investment in convertible-type hybrids with smaller screen sizes of less than 13 inches, and broaden the price bands it addresses. Currently, hybrid ultramobiles are accounting for 15 percent of Asus ’ mobile PC shipments in 2014, the highest mix ratio among all PC vendors. ” Lenovo however, took the No. 2 position in 2014 with 1.9 million shipments of hybrid ultramobiles, an increase of 331 percent year on year. Lenovo focused its hybrid strategy on expanding into the consumer market, and successfully increased its share of hybrid ultramobiles in North America from 6 percent in 2013 to 31 percent in 2014. Similarly in Western Europe, Lenovo ’s hybrid ultramobile market share grew from 16.5 percent to 27 percent from 2013 to 2014. HP was the third-largest player in the hybrid ultramobile market in 2014, selling 800,000 units. In 2014, HP signicantly expanded its product line in this segment with a broad range of consumer models across a variety of price points, from $199 to $1,999. This enabled the company to rise from the No. 7 position in 2013. Microsoft ’s Surface is classied as a tablet ultra-mobile rather than a hybrid ultramobile under Gartner ’s denition, as the touch-and-type keyboard is optional. In the ultra-mobile tablet segment, Microsoft was No. 1 with 36 percent market share in 2014. Combining the ultramobile hybrid and the ultramobile tablet, Microsoft was No. 3 with 14 percent market share worldwide, just behind Asus and Lenovo. BC

A12 28

Business Courage

Monday, June 29, 2015

SAP Africa pilots Africa Code Week in Nigeria

Technotalk

AP Africa last week announced a software coding pilot project at the Ojodu Grammar School as part of the run-up to Africa Code Week ,ACW, in October 2015. 100 children aged between 8 and 11 will be taught software coding skills in a hands-on workshop facilitated by SAP. Tailored to youth skills development in eleven African countries, the ACW programme will target an estimated 20 000 children (ranging in age from 8 to 24 years) participating in software coding workshops in South Africa, Angola, Cameroon, Egypt, Ivory Coast, Kenya, Morocco, Nigeria, Senegal, Togo and Tunisia. Africa Code Week is being driven by SAP along with partners Simplon from France, the Galway Education Centre from Ireland and the Cape Town Science Centre. Its purpose is to empower youth, teachers and parents with the language of software programming using a freely available Scratch system. “SAP is committed to helping Africa ’s youth become uent in software coding, the language of the digital age. With the Africa Code Week initiative, we hope to enable Africa ’s youth to further contribute to the continent ’s success in this digital age, ” said Franck Cohen, SAP President: Europe, Middle East & Africa.

Mobile Business Intelligence Apps

Cohen

“SAP is proud to be part of the Africa Code Week programme which aims to provide African youth with the critical skills required for today ’s challenging job market. This exciting programme aligns perfectly with the SAP Africa ’s Skills for Africa initiative which promotes both skills development and job creation across the continent. It will also contribute to Africa becoming a future net exporter of technology skills to the rest of the world, ” Cohen said. He noted further that software coding is everywhere and the youth of today have to be empowered with coding skills. Software coding is growing in popularity and computer literacy is becoming a signicant driver in establishing future generations in the

workplace. However, less than one percent of African children leave school with basic coding skills. “Preparing the ground for Africa Code Week is critical and these software pilot projects are giving us a clear picture of best-practices to adopt across other African countries as the project gains momentum. ” A new Harbor Research study has found that while 65 per cent of today ’s technology applications generate revenue, the number will rise to 80 per cent by 2018. Although smart homes, wearables and sports markets currently lead in application development today, future growth will come from the health care and automotive sectors, as well as smart cities. BC

Microsoft provides growth opportunities for SMEs By Isaiah Erhiawarien

s part of its strategy to empower every person and every organisation on the planet to achieve more, Microsoft Mobile Devices and Services, MMDS, in Nigeria connected with over 150 Small and Medium Enterprises, SMEs, business owners at an event tagged, Night of Business Unusual. At the event, Microsoft shared with the business owners its end to end business mobility solution as well as

Makwane

with Esther Ozue (ozueesther@nationalmirroronline.net) 08059234648 (sms only)

By David Audu

National Mirror www.nationalmirroronline.net

products and services that can enable them and their businesses do more and be more productive on the go. Managing Director, Microsoft Nigeria, Kabelo Makwane, in his welcome address shared with guest the new trends in technology which includes; social, cloud, mobility and big data; he also gave insights to Microsoft strategy for the future with emphasis on mobility and productivity. He said, “We would be reinventing productivity and business processes to achieve more on the go Technology is moving at a fast space. We live in a social world, where there are about 6.8 million devices that are out there. We communicate with these devices whether smart phones, tablets, you name it. It has become a part of our daily lives creating a platform for businesses to explore. ” He surmised that Microsoft ’s global strategy was to create more opportunities while explaining that the company ’s focus is to be the leading platform and Productivity Company for the mobilerst, cloud-rst world. Business Group Director, Mi-

crosoft Ofce Division, Microsoft Nigeria Ade Ajayi, in his presentation on Driving Productivity for SMEs, said Microsoft developed solutions that enable small and medium sized businesses to collaborate effectively. “Every small business really wants to grow and Microsoft is investing in technologies to enable them do this. We have a cloud environment that allows you respond to your customers regardless of where you are so you no longer have to be bound by physical environments. It is Microsoft ’s priority to make sure small and medium sized businesses are safe either online or ofine. ” “The world is changing and you need to adapt to how you do business. We have solutions that allow you drive connection to your business. Ofce 365 enables SMEs get the competitive advantage by understanding your customers and making meaningful connections to build long-term relationships. With SharePoint Online and One Drive for Business, you can easily share documents – from invoices to orders for new materials with customers and partners. ’ ’ BC

ast week we discussed exploring Mobile Business Intelligence option but this week we are looking at Mobile Business Intelligence (MBI) applications in a broader dimension, focusing more on MBI tools with increasing relevance to businesses. MBI provide real-time sales, revenue and customer data in dashboards small enough to t on an employee ’s tablet or smartphone screen. Employees are using their smartphones to do their work often and as such, they need great MBI tools that will function when they are on the move. Here are few apps that can help you achieve this: Mobi Ofce: Mobi Ofce ia a free app which provide viewing capabilities for existing sharepoint reports and charts, as well as microsoft business intelligence. It offers additional functionality, including the capability to download and view reporting services reports from multiple reporting servers and bookmark and history features for quicker navigation. Yellown: Yellown provides mobile BI tools that are easy to customise and personalized dashboards. Based on its client-based business intelligence app, it lets anyone create customised reports and dashboards that can be published and accessed from any platform or device. The tool also incorporates enterprise collaboration capabilities within the mobile app, which let you collaborate and discuss issues relating to specic charts and associate a conversation with specic reports or data points. It provides both online and ofine work modes. Jaspersoft: Jaspersoft has a browser-based architecture for the ipad, iphone and android devices. Features for end users include an ad hoc design environment that allows for on-the-y creation of new reports or dashboards. IBM cognos mobile: Cognos mobile provides the capability to view BI content from many types of mobile devices, to create multiple dashboards and to push those reports to devices. Cognos mobile provides drill up, drill down and drill through capabilities on and ofine. Cyfe: Cyfe is a small business tool of choice with its cloudbased service and mobile app which provides users with allin-one business dashboards for a monthly subscription fee. Dashboards are easy to set up and have ready-to-use widgets that connect to social media, marketing, monitoring and sales data sources such as salesforce, google analytics, twitter, gmail and feedburner. It also connects to internal databases and lets you combine internal and external data to create dashboards. Roambi: Roambi app is intuitive to use and easy to integrate with systems that range from salesforce and IBM cognos to microsoft excel and microsoft reporting services. Microstrategy: Whether on the road or in a conference room with a large LED display, Micro Strategy ’s mobile app platform delivers users snapshot dashboards. The app provides interactive scorecards and the capability to use the iOS app airplay to present and control visualised data on to a TV. Microstrategy also includes transactional apps which provide real-time interactions designed to trigger business processes in an internal system. Microstrategy mobile differentiates itself from other mobile BI tools with its support for multi-language content, ofine analysis capabilities, and customised alerts that use push notications when specic thresholds or criteria have been met. TIBCO Spotre: TIBCO spotre is analytics software that is cross platform. It integrates with data source types, ranging from SQL server and SAP Business Information Warehouse to XML, Atom and RSS. Microsoft Power BI: Microsoft ’s free app lets you browse your ofce 365 sites to easily nd all your reports in the cloud and interact with your live reports by ltering, sorting, forecasting, and highlighting data. SalesClic: SalesClic is a sales management tool that integrates with salesforce, google apps and highrise. It leverages the historical data stored in a salesforce or other database to help ne-tune the sales process, identify risk opportunities and improve sales forecasts. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, June 29, 2015

A13 29

Remi Makanjuola:

The ‘Caverton ’ entrepreneur His choice of entrepreneurial endeavour is strategic. After several years of banking career which culminated in his appointment as Executive Vice Chairman of the defunct Devcom Merchant Bank, Remi Makanjuola did not opt to place his fortune in the finance sector. Rather, he opted for the maritime and the oil and gas sectors; two highly lucrative service industries in Nigeria. Today, he is better for it as his Caverton Group of business continues to play a role in the economic growth of the nation By Adejuwon Osunnuyi

emi Makanjuola may not be a very popular name in the realm of highly successful Nigerian businessmen, but the impact which his chain of businesses has made in the Nigerian economy over the years cannot be easily dismissed with the wave of the hand. A graduate of the Universities of Leicester and Manchester, Makanjuola ’s experience in the business world transverses various sectors of the economy, where he sits on the board of several key institutions in the country. Having acquired over two decades of progressive banking experience, the last being as Executive Vice Chairman of the defunct Devcom Merchant Bank, owned by the business mogul, Mike Adenuga Jnr, his earlier career path has indeed stood him in good stead in the running of Caverton Offshore Support Group where he is the founder and Executive Chairman. Caverton is Africa ’s rst integrated offshore support service provider. The company provides marine, aviation and logistics support services to oil exploration and production rms based in West Africa. His sojourn into the Oil and Gas servicing is perhaps instructive. Primarily, when Makanjuola formed the Caverton group, what he had in mind, as gathered by Business Courage was for him to create the rst fully indigenous integrated offshore support company in Africa, which is able to provide “end-to-end ” services to its clients and other major players within the industry.

In the petroleum shipping industry where Makanjuola had in mind to massively explore, operations in the sector have always been lopsided in favour of the foreign multinational rms. It was perhaps, in response to the prevailing imbalance that the ministry of transport in conjunction with the National Maritime Authority had to set up a committee to work out the modalities for the involvement of Nigerian shipping companies in this trade. This was also buoyed by the passage of the Cabotage Bill into law by the National Assembly, restricting transportation of petroleum products in the region to Nigerian owned vessels, an area where foreign companies had always fed fat. Even under the current dispensation, Nigerians are yet to fully tap the benet from the lucrative maritime trade as what many Nigerians rms had managed to achieve was simply becoming agents to foreign shipping rms. Determined to break away from the norm, Makanjuola, full of vision, courage and determination in July 1999 incorporated Caverton Marine Limited as one of the Nigeria ’s fastest growing indigenous shipping companies. As an indigenous shipping company, Makanjuola believed that the coming of Caverton Marine would go a long way in introducing young vessels (which had not been the case for numerous shipping companies) in the region as a way of promoting indigenous participation aside being a protable venture. Thus, from the word go, Carverton Marine Limited was set for rapid growth and expansion in line with government policy on

Makanjuola

substantial indigenous participation in key sectors of the nation ’s economy. Since inception, carverton Marine limited has rendered services to many organizations like Oando Plc- supply of petroleum products, Total- supply of petroleum products, African Petroleum, now Forte Oil,- supply of petroleum products, Shell Trading and Shipping Company UK-/ Vessel charter, Shell Petroleum Development Company- Vessel charter, Nigeria LNG- Vessel charter, Oxton Company limited, Belize(foreign)-Vessel charter. As a follow up to the Caverton Marine, Makanjuola again raised the bar with the establishment of Caverton Helicopters in September 2002 as a charter, shuttle, sales and maintenance company providing varieties of services in the Marine and Oil and Gas sectors, including equipment supplies, provision of Marine Vessels, Workboats, Jack up rigs, Tugs and allied equipment and services. Caverton Helicopters and Caverton Marine, which made up the group, together have provided services to clients working within the Nigerian oil and gas industry for a combination of 15 years and currently have a global workforce of over 500 employees. Headquartered in Lagos, Ca-

verton Helicopters is the rst wholly indigenous civil helicopter company to work in the oil and gas industry. Operating from facilities around the country and more recently in other parts of West Africa, Caverton Helicopters provides a range of services including transportation, maintenance, search and rescue and related services to offshore oil companies and other business sectors. While Caverton Helicopters was initially set up to bridge the gap in the on-shore helicopter services, the company has since broaden its scope by venturing into the offshore support service industry and has become a key player in the provision of various services to the major oil and gas companies. Caverton Helicopters currently operates out of a 10,000 square metre ight facility at the Murtala Muhammed Airport in Lagos, a 9,000 square metre facility in Port Harcourt, Rivers State and operates a heliport in the Lagos Metropolis (Victoria Island), and also operates a facility in Cameroon, West Central Africa. The company ’s focus and primary business, according to information made available to Business Courage, is to provide logistics and environmental support services to oil and gas elds

with broader plans to support energy operations along the West African shelf as well as other ancillary support services. Over the years, Caverton Helicopters has been able to diversify its range of services following on the success of the shuttle services between Victoria Island and Ikeja, Lagos. For Caverton, it has been able to make its mark as it currently offers services such as offshore and onshore logistics (helicopters and xed-wing), private charters (including air tours and aerial photography), maintenance, repair and overhaul services (helicopter), executive ground handling services (helicopter and private jets) and hangerage and use of facilities at the private terminal. Boosted by the successes it has so far achieved in the aviation, oil and gas section, Caverton Helicopters also decided to raise the bar with its appointment as an AgustaWestland Authorized Service Centre for the AW139 intermediate twin helicopter in Nigeria. With this, Caverton ’s service centre based in West Africa ’s commercial hub, Lagos provides maintenance and repair services and an extensive a spare parts Continued on pg A14

Business Courage

inventory for the type, offering an even greater level of service to AW139 operators across the region. Caverton ’s relationship with AgustaWestland, the Anglo-Italian helicopter company, a total capability provider in the vertical lift market, owned by Italy ’s Finmeccanica, was further strengthened with a partnership agreement. Through its rotorcraft systems design, development, production and integration capabilities, its experience in the training business and its customer focused integrated operational support solutions; the company delivers unrivalled mission capability to military and commercial operators around the world. Caverton also has an agreement with Heli-Union as well as DanCopter A/S. HELI-UNION was founded in 1961 to rapidly become France ’s largest helicopter operator. With over 70 per cent of its activity conducted internationally, the company is present on four continents and ranks among the world leaders on its market. Heli-Union ’s teams of professionals are recognized for their high level of skills and experience as well as for their ability to perform their works under virtually all types of environments, including the most hostile ones. The third of the Caverton Helicopters ’ partners, DanCopter A/S, is a Danish helicopter company founded in 2002. The company transports passengers to platforms and ships in and around the North Sea and is a company which highly priorities safety, quality, honesty, and great exibility on all levels. DanCopter is a well known and respected helicopter company in the European market. The position in this business was further strengthened in 2008 when the Norwegian concern Blueway AS bought 100 per cent of DanCopter shares. Blueway AS has years of experience with helicopter operations in many parts of the world. Clearly, all these afliations and partnership agreements have tremendously helped the operational efciency and scope of Caverton Helicopters. Recently, it entered into a partnership with Shell companies in Nigeria which provided it a loan of $85 million to upgrade its eet with more advanced aircraft, the AW 139. With the $85 million loan, Caverton placed orders for six AW 139s, making it the largest operator of the aircraft in Sub-Saharan Africa. Under the Caverton/Shell agreement, while two aircraft would be used for Shell Nigeria Exploration and Production Company (SNEPCo), the rest would be used in the operations of Shell Petroleum Development Company (SPDC). The deal, according to Chike Onyejekwe, SNEPCO Managing Director, is a giant step for a Nigerian company. ” Recalling that the partnership journey started in

2010 when the company awarded the biggest aviation contract to a Nigerian company, Onyejekwe said that both Shell and Caverton have worked hard to take the contract to a higher level, assuring that the story will get even better in the coming years not just for Shell companies but also for service providers in the aviation sector and the wider economy. Makanjuola himself afrmed that in two years since Caverton signed the contract with Shell, the company has grown from one with a staff strength of 90 to over 500, creating a pool of highly skilled Nigerians that can work anywhere in the world. “The support we have enjoyed from Shell is a lasting testament to Nigerian content development, ” he said. The AW 139 is a new generation twin-engine helicopter that incorporates the latest technology for safer and more economical operations. It seats 12 passengers with a state-of- the-art cockpit to reduce pilot workload and cabin air-conditioning as well as more luggage capacity. Caverton will repay the loan from the proceeds of the contract it executes for Shell. Caverton currently operates six AW139 ’s performing offshore transport missions in support of the oil and gas industry in Nigeria and is the largest operator of the type in the region. Geoff Hoon, Managing Director Business, AgustaWestland, who spoke at the signing ceremony, noted that while he was delighted Caverton Helicopters have ordered the AW139 to meet their requirements for a long range helicopter to serve deepwater oil and gas rigs, he was of the belief that the contract highlights the continued success of the AW139 in West Africa and grows its successful partnership with Caverton Helicopters, who are not only the largest operator of the type in the region but are also its Authorised Service Centre. To Makanjuola, the order represents another major milestone for Caverton as it broadens its client base and continues to increase its capacity in Africa. The choice of the AW139, according to him, was a testament to its unrivalled performance and capability in the company ’s operating environment as it remains condent that it will continue to deliver exceptional results for Carverton. The AW139 delivers best-inclass performance with a maximum cruise speed of 165 knots (306 kph), and superior performance for range, endurance and hovering. With its power reserve, the AW139 assures Category “A ”

‘

Monday, June 29, 2015

(Class 1) performance from a helipad (elevated or at ground level) at maximum take-off weight. The AW139 is the market leader in the medium twin class and the only helicopter in service in its class that meets all the latest safety requirements. Carverton is believed to have more than 500 aircraft which are now in service performing many roles including EMS/SAR, offshore transport, VIP/corporate transport, law enforcement and military transport. More than 180 customers from almost 60 countries have ordered over 700 AW139 helicopters so far. Designed with inherent multirole capability and exibility of operation, the AW139 is capable of carrying up to 15 passengers at very high speed, in a most spacious and comfortable cabin. The ample baggage compartment is accessible both from the cabin and externally. The AW139 provides the best power reserve of any helicopter in the medium twin-engine class. The AW139 is powered by two Pratt & Whitney PT6C-67C turboshaft engines. Together with this and a state-of-the-art 5 bladed main rotor, the AW139 delivers a high cruise speed even in demanding conditions at all weights. The AW139 is a new generation medium twin-engine helicopter offering unmatched performance, capacity and safety. It meets the most stringent civil and government certication standards, including the FAA and JAA FAR/ JAR Part 29 requirements. Caverton Helicopters is the rst wholly indigenous civil helicopter company to acquire the AW139 Helicopter. Its helicopters are fully equipped and tailormade to handle the requirements of offshore support operations in Nigeria. Aside the AW139, other latest addition to the Caverton Helicopters eet includes the S-76C series. While the S-76C series has been improved to meet the needs of today ’s operators and the rigors of the demanding offshore oil support mission, it incorporates technological advances that deliver enhanced safety and reliable performance day after day, mission after mission. The S-76C++ helicopters features modern technology enhancements, including more powerful engines, along with important safety features and improvements. Also, Caverton Helicopters currently operates two DHC6 Twin Otter airplanes on a dedicated passenger transfer basis. This is high-winged, unpressurized;

Makanjuola himself afrmed that in two years since Caverton signed the contract with Shell, the company has grown from one with a staff strength of 90 to over 500, creating a pool of highly skilled Nigerians that can work anywhere in the world

‘

A14 30

National Mirror www.nationalmirroronline.net

Makanjuola

twin-engine turboprop aircraft is a 20-passengers STOL utility aircraft developed by de Havilland Cananda. The de Havilland twin other (DHC-6) is a highly manoeuvrable, versatile aircraft which can be own slowly (80-160 knots/150-300 km/hr). The aircraft xed tricycle undercarriage, STOL abilities and relatively high rate of climb have made it a successful cargo, regional passenger airliner and MEDEVAC aircraft. Around the world in jungles, deserts, mountains, the Arctic, and anywhere where rugged reliability and short-take-off-andlanding are required, the Twin Otter is often the rst choice for dependable passengers ’ safety and condence. Caverton Helicopters also operates a eet of two Bell 412 EP Helicopters for on-site and offshore logistic services. The Bell Helicopters 412 EP twin turbine helicopter is an advanced technology design with excellent reliability and dependability derived from the rich heritage of the Bell Huey series. These various helicopters are serving commercial needs of over 115 countries throughout the world. The latest version of the venerable series is the Bell 412EP. Aside Carverton Helicopters and Caverton Marine Limited (Shipping), Makanjuola is also the founder of Le Global Gas Limited, the company, an indigenous oil and gas service company which is Nigeria ’s largest independent marketer and distributor of LPG and a key lifter from the current Nigeria LNG LPG domestic LPG supply programme. There is also the Carverton Properties Limited involved in real estate development. Makanjuola believes that his group of business in its few years of existence has risen to prominence through a steady and consistent adherence to global standards, processes and systems. Having earned public condence in the management of

public funds and public affairs, Makanjuola is the Chairman, Board of Directors, Lagos State security trust fund which was conceived by the Governor of Lagos State, Babatunde Raji Fashola and established by a Law of the Lagos State House of Assembly in September 2007. The idea of establishing the fund which is modelled on a public/private arrangement became imperative when the Governor received and reviewed the report of the high powered Security Committee he established under the chairmanship of Musiliu Smith, former Inspector General of Police, to look into ways and means of combating the growing menace of violent crimes in the state and the seeming inability of the police to confront this challenge in spite of their best endeavours. A review of the report made it crystal clear that the problem was essentially related to logistics, mobility, communications, kitting and so on especially when considering the peculiar challenges the state poses. It was the nding of the security committee that a minimum of N3.7 billion was required as the cost of providing standard security cover for Lagos State including the waterways. The Fund was a practical response to the reality of the operational deciency of the Police and other federal security agencies within the state due to long years of neglect by the Federal Government, particularly in areas of funding and provision of modern equipment. As the Chairman of the Board, he has been responsible for the day to day administration of the Fund. Since coming on board, the state has been able to beef up the police with Armoured Personnel Carriers, APC, and Patrol Vehicles among other security kits. Makanjuola, an experienced banker and economist, also serves as the chairman of Vono Foam Plc. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, June 29, 2015

A15 31

ThebuddingEntrepreneurs BUSINESS

Improve on your social success

With Mamora Victor Mamora is a system thinker and advisor whose belief and activator leadership strengths are directed towards improving workers perspective for city and enterprise development.

e-mail: olusegunmamora@gmail.com

uccess is contagious. The truth is that it has many friends. Everybody is quick to associate with success, successful people and successful project. Success has no enemy in real sense and it is inuential. Conversely, no one wants to identify with failure. Have you noticed that businesses and entrepreneurs that are successful do attract more employees and investors than those with failure results? In addition, successful entrepreneurs and businesses are more involved in corporate social responsibility and usually attract consumers ’ patronage and people ’s love. Social success does not reduce wealth but expands circle of wealth. When your desire in business is to inuence social development by deliberately giving back, then people will recognise your kind gesture. In a real sense, a deep thinking entrepreneur knows that there is no achiever anywhere but a receiver of opportunity that any other person could have received and it inuences their give back to society attitude. The reality is that life is designed in such a way that there are certain things we have to do for the good of the society without expecting any nancial gain. We must take responsibility for the environment where we create wealth and appreciate the residents that accommodated our business operation. Social success is taking responsibility to set a smart goal for society development and doing it with delight. Social success is high ranking among types of success in business leadership. Think of Bill and Melinda gate foundation with leadership of Bill gate and Real Woman Foundation with leadership of Nike Adeyemi. Both are examples of social success in leadership. Leadership is in-

uence and social success is the best leverage. There is great deal this day about leadership, and there is no other time it is required than now. Nations of the world are in dire need of leadership, which is valuable inuence via social development. Entrepreneur in the present generation might nd it difcult to have market acceptability in a community where people doubt his interest in the social development of that community. Although social success matters in entrepreneurship and business leadership, but it starts with clear mission. The mission to make a difference in the society where your business is located and in the life of the individual is the basis for social success. People do not care knowing the nancial and brand worth of your enterprise until they know your passion for social development and responsibility to the society that provided the space for you to operate business. In any society where human race is around, we will have sick people who need to be taken care of by a Samaritan. You and I know that no

‘

Conversely, no one wants to identify with failure. Have you noticed that businesses and entrepreneurs that are successful do attract more employees and investors than those with failure results?

matter how well a society is, there will be alcoholics, there will be people in problem with dangerous drugs, there will be people who need compassion and to be helped with rehabilitation. Boys and girls, growing, need support of leaders and experiences to form their character and that give them a role model. There are tremendous opportunities to improve on your social success by having clear mission to be involved in social development at your level. Every problem in society is your opportunity for social success. You are either part of the problem or the solution because there is no middle ground. Recently, I have been following the trend of event at L.I.F.E initiative, a nongovernmental organisation that was founded by an entrepreneur whose name is Samuel Obafemi George. Obafemi is a real

estate entrepreneur with core business function on Lagos Island properties development and sales, yet he recognised the need for social success. He has a mission for leadership and entrepreneurial skills development of secondary or high school students in the city of Lagos. Every time I see the L.I.F.E initiative event and read the programmes that impact on the lives of the teenagers, then I see an entrepreneur whose mission for social good is improving his social success status. “At L.I.F.E Initiative we push you to believe and become, it does not stop there, we equip you too. ”-Samuel O. George Just like John C. Maxwell would say success is a journey, so also is that social success is a journey. The clarity of mission to consistently improve on opportunity for social development improves

Motivational Business Quotes

o win without risk is to triumph without glory. – Pierre Corneille

To succeed … You need to nd something to hold on to, something to motivate you, something to inspire you. – Tony Dorsett Statistics suggest that when customers complain, business owners and managers ought to get excited about it. The complaining customer represents a huge opportunity for more business. – Zig Ziglar I wasn ’t satised just to earn a good living. I was looking to make a statement. – Donald Trump Whether it ’s Google or Apple or free software, we ’ve got some fantastic competitors

your social success too. So what values do social success adds to an entrepreneur private life and corporate organisation?

‘

KLINIC

and it keeps us on our toes. – Bill Gates The critical ingredient is getting off your butt and doing something. It ’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer. – Nolan Bushnell My son is now an ‘entrepreneur ’. That ’s what you ’re called when you don ’t have a job. – Ted Turner Leadership is a potent combination of strategy and character. But if you must be without one, be without the strategy. – Norman Schwarzkopf BC

The rst value is fulllment. In the year 2007, I went with the Managing Director of Aron Engineering limited on a private mission eld to villages, Ogun and Oyo states boundary, south west Nigeria where many poor people live without water , electricity, school, and hospital. His mission was to preach the gospel of Christ, feed the villages for the period of his stay and be involved in building an infrastructure that benets the lives of the people. While we slept in his car at night, discussing the mission, he told me that as a business leader, he derives fulllment on the mission eld. Seeing people accessing a better opportunity makes him glad. The experience of making life better for others and putting smiles on peoples face gives personal satisfaction and it is pleasing. The second value is attraction. Organisations that address social challenges are usually in the good book of consumers. The Indomie noodles interest in the school children learning processes and programs sponsorship adds to its brand leadership in that noodles product category. Corporate social responsibility attracts the interest of consumers and inuences decision for products purchase. Enterprise that expresses love becomes attractive and remains in good record of society. My encouragement is that as an entrepreneur you should not be weary in doing good to your society for in due season, if you faint not, will be rewarded. Go ahead to improve on your social success. BC

A16 32

Business Courage

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

ThebuddingEntrepreneurs

Driven by

uncommon passion

He had set out to read Mass Communication at the Olabisi Onabanjo University, Ago-Iwoye, Ogun State but had to abandon the classroom in pursuit of an entrepreneurial dream and today, Wande Adalemo superintends over Oxygen Broadband Networks, Nigeria ’s first metropolitan wi-fi/ internet service company

ike most entrepreneurs, the road to the top is usually not a rosy one and only those who can persevere, focused and resolute could breast the tape. These are, perhaps, the same attributes that saw Wande Adalemo through the thick and thin to his present status as an entrepreneur and chief executive ofcer of Oxygen Broadband Networks, an indigenous an internet service company. What is however striking about Adalemo ’s entrepreneurial sojourn was that, this is a man that, until 1998 never set his eyes on a computer, not to talk of knowing how to use it. He was practically green as far as information technology was concerned. He had registered to read Mass Communication at the Olabisi Onabanjo University, Ago-Iwoye Ogun State but his interest changed when he visited his cousin, Femi Adalemo, who was then the Chairman of the Nigerian Internet Exchange Committee. It was while he was in his uncle ’s ofce that he saw, for the rst time, the use of the internet, particularly the use of email. “I went to his ofce and he said he wanted to send a mail to someone in the United States. Five minutes after, the person in the US had responded to the mail and that surprised me. I couldn ’t sleep that night, and in the morning, I went back to him and asked him to teach me how to develop something that will make Nigerians send and receive e-mails

easily. I told him I wanted to do something that would make it easier for every Nigerian to send email. He told me it was networking and that was how it started. So, as I grew in my knowledge of what the Internet access and broadband were, it became more of a passion, ” he said in a recent interview. In Adalemo ’s own account, that was how he developed the passion that has today become a money spinner. But then, he admitted that getting the technology was one thing and putting it together was another but stressed that getting funding is usually very challenging. In his own case, it took him almost seven frustrating years before the required funding came his way. “We had spoken with a thousand of individuals to put their money in the business and the answer we kept getting was no. Eventually, we found someone and it was an interesting story. We met the rst investor, who later became a co-founder of the company, in 2005. I didn ’t have a penny that day and then a friend of mine called and said there was someone that is interested in this crazy idea of yours, let ’s go and see him. ’ Wande said that he had to trek from Iponrin, mainland Lagos to Ajose Adeogun in the highbrow Victoria Island to meet the investor. “I had met several potential investors who had discouraged me but I did not give up. So, when I got there, he told me; ‘If you cannot convince me in two minutes, I cannot invest in this because

Adalemo

an idea that cannot hit someone in two minutes is no good idea. ’ Well, I think I was able to hit him in two minutes and the next question he asked was how do we move? ” he recalled. That was the beginning of what is turning out to be a wonderful experience for Wande who had to forgo academics for his dream of entrepreneurship. “The rst thing we did was to go around the world to see where WiMax was failing

because my own idea was that WiMax will not work but WiFi will. So, how do we get WiFi to work? And from there, he got some of his friends involved in the business. ” Oxygen Broadband Networks started out with a $2 million investment and it is believed to have so far invested N1 billion with a network infrastructure already in place and duly licensed by the Nigerian Communications Commission

(NCC) as a broadband network company. The company is using the popular Computer Village in Lagos as its pilot scheme for the Wi-Fi network to provide access to the Internet. By using Wi-Fi technology, he says a fault tolerant and exible infrastructure can be delivered. Already, a central Network Operation Centre has been put in place to enable a 24/7 monitoring of the network and to guarantee fast

Management Principles Henry Fayol ’s 14 principles of management * Specialisation/Division of Labour principle of work allocation and specialisation in order to concentrate activities to enable specialisation of skills and understandings, more work focus and efciency. *Authority with corresponding responsibility: If responsibilities are allocated then the post holder needs the requisite authority to carry these out including the right to require others in the area of responsibility to undertake duties. *Discipline: The generalisation about discipline is that discipline is essential for the smooth running of a business and without it – standards, consistency of action, adherence to rules and values – no enterprise could prosper. “in an essence – obedience, application, energy, behaviour and outward marks of respect observed in accordance with standing agreements between rms and its employees ” *Unity of Command: The idea is that an employee should receive instructions from one superior only. This generalisation still holds – even where we are involved with team and matrix structures which involve reporting to more than one boss – or being accountable to several clients. The basic concern is that tensions and dilemmas arise where we report to two or more bosses. One boss may want X, the other Y and the subordinate is caught between the devil and the deep blue sea. *Unity of Direction: The unity of command idea of having one head (chief executive, cabinet consensus) with agree purposes and objectives and one plan for a group of activities) is clear. *Subordination of individual interest to the general interest: Fayol ’s line was that one employee ’s interests or those of one group should not prevail over the organisation as a whole. This would spark a lively debate about who decides that the interests of the organisation as a whole are. Ethical dilemmas and matters of corporate risk and the behaviour of individual “chancers ” are involved here. Fayol ’s work – assumes a shared set of values by people in the organisation – a unitarism where the reasons for organisational activities and decisions are in some way neutral and reasonable. *Remuneration of staff: The general principle is that levels of compensation should be “fair ” and as far as possible, afford satisfaction both to the staff and the rm (in terms of its cost struc-

National Mirror www.nationalmirroronline.net

Business Courage

Monday, June 29, 2015

A17 33

ThebuddingEntrepreneurs reaction times in case of faults by the local NOC personnel. Already, over 20,000 connections are believed to be on its network in the first Hotzone. According to him, the second phase of the company’s expansion will be the ASPANDA Market at the Lagos International Trade Fair Complex, Alaba and Oke Arin markets.“For or us at Oxygen, we are taking our WiFi network to a point where we have a hot spot in virtually every major street in Lagos. It begins to tell us where we need to start focusing our attention in Nigeria. It also begins Adalemo to tell us where we need to start building broadband ecosystems. We need to start looking at solutions that will enable people to just plug and deliver broadband services to everybody,” he said. Adalemo says his company believes that “your Internet should be wherever you are going and instead of carrying your modem or dongle around, if you know that Oxygen is present at the place you are going to such as the cinema, restaurant, clubs and malls, among others; then, it becomes a better option for you.” Clearly, things are already looking up for Adalemo’s Oxygen Broadband Networks. The company has partnered with Nigeria’s

Main One Cable Company as well as with Loop21 Mobile Net, a Wi-Fi hotspot software development company located in Austria. It has also sealed a partnership deal with the Nigeria Inter-Bank Settlement System Plc (NIBSS), to provide its WiFi network for Point of Sale (PoS) connectivity at the Computer Village and Oke Arin Market. In order to meet up with the growing demand for its services, Oxygen Broadband Networks says it has laid out an expansion plan, which would see it invest another N200 million in rolling out services in six locations across Lagos State before the end of 2012.“We are doing another

tures and desire for profitability/surplus). *Centralisation: Centralisation for Henry Fayol is essential to the organisation and a natural consequence of organising. This issue does not go away even where flatter, devolved organisations occur. Decentralisation – is frequently centralisaed-decentralisation !!! The modes of control over the actions and results of devolved organisations are still matters requiring considerable attention. *Scalar chain / Line of authority: The scalar chain of command of reporting relationships from top executive to the ordinary shop operative or driver needs to be sensible, clear and understood. *Order: The level of generalisation becomes difficult with this principle. Basically an organisation “should” provide an orderly place for each individual member – who needs to see how their role fits into the organisation and be confident, able to predict the organisations behaviour towards them. Thus policies, rules, instructions and actions should be understandable and understood. Orderliness implies steady evolutionary movement rather than wild, anxiety provoking, unpredictable movement. *Equity: Equity, fairness and a sense of justice “should” pervade the organisation – in principle and practice. *Stability of tenure: Time is needed for the employee to adapt to his/her work and perform it effectively. Stability of tenure promotes loyalty to the organisation, its purposes and values. *Initiative: At all levels of the organisational structure, zeal, enthusiasm and energy are enabled by people having the scope for personal initiative. (Note: Tom Peters recommendations in respect of employee empowerment) * Esprit de Corps: Here, Fayol emphasises the need for building and maintaining of harmony among the work force , team work and sound interpersonal relationships. In the same way that Alfred P Sloan, the executive head of General Motors reorganised the company into semi-autonomous divisions in the 1920s, corporations undergoing reorganisation still apply “classical organisation” principles – very much in line with Fayol’s recommendations. BC

N200 million investment and we are going to six new locations by December 2012. We are partnering with malls on the Island, Surulere, and high traffic restaurants. We already have agreements with all of these people,” Adalemo said. The expansion, according to him, will see the company expand to 20 locations in March 2013, and 100 locations in Lagos by 2015. It would focus on Abuja, Port Harcourt and Kano later. “Of the N200 million needed to roll out services by December 2012, we have attained N75 million equity investment to date, which means that we are really set to move to these new locations,” he said. The company currently operates with 100 per cent private equity fund from the board of directors which he said “are putting in more funds to see us expand,” but said further that the company had already attracted institutional investors such as Google and Main One Cable Company, which were interested in investing in it and help boost broadband access in the country. Adalemo emphasised that the company would continue to expand because he believed WiFi technology would play a major role in boosting Internet access in Nigeria. “Because we believe that everybody should be on the internet and we are restricted by regulations as to how to expand (we cannot cover wide area), we decided to take the internet to where everybody is going,” he said. Expectedly, Adalemo does not regret the fact that he could not finish up his programme at the university but urge young Nigerian entrepreneurs not to be deterred by environmental challenges surrounding but remained focused, stressing that he dropped out of school when he found out that academic works were disturbing his entrepreneurial drive. “I will say that I am also a proud school dropout because at some point, I realised that pursuing academic excellence was interfering with my passion for this dream. May be Oxygen would have become a dream earlier but for exams in school,” he said He however cautioned that his position should not be misconstrued to mean that he encourages people to drop out of school but to “think outside the box. The emphasis on paper qualification in our society has not helped us. If school will limit you as an entrepreneur, get out; and if it will enhance you, stay with it.”BC

Personal Finance

Tips to avoid credit card fraud

redit card fraud is most certainly on the rise, especially when it comes to the Internet. Although it is becoming safer to enter your credit card on a secure server online, there are still some precautions you should take when giving your credit card number to anyone — whether in person or on a trusted site. Use common sense Keep an eye on your credit card every time you hand it out. Write down exactly what was purchased and where so that you have a record of exactly how much you are spending. This helps you to know if you were charged in excess of what you actually spent, of if someone made unauthorized charges to your card.

Be careful whom you give your card to Don’t give out your credit card number to anyone who called you unless you are sure who the company is. Legitimate companies do not call you and ask you for a credit card over the phone, especially if they are just calling to “verify” your identity. Don’t respond to emails asking for information A scam called “phishing” is on the rise, in which what looks like a legitimate email message comes in asking you to verify your credit card details via email. If it was a trusted company, they would refer you to their website and never ask for specific details. Don’t write your PIN number on your card This includes not having it nearby in your wallet, in your car, or on you personally. This will give the thieves plenty of opportunity to wipe out your credit card completely. Use your shredder If you no longer use a specific credit card, then don’t leave it hanging around. There are many shredders now that are strong enough to shred plastic credit cards. Shredding also includes getting rid of any credit card applications that come in the mail, especially those with your personal details such as social security number, address, or employment information. When using credit cards in public places, shield numbers from potential cameras or people behind you Cell phone cameras are being used more and more to capture a picture of your credit card details, which is then later used for a personal shopping spree. Always Sign Your Card and Include Instruction to “See Drivers License” Although it may be a hassle to whip out your driver’s license every time you use your credit card, it will save you a lot of trouble if someone else tries to use it. Aside from these tips to avoid credit card fraud, there is more that you can do to stay safe. Mostly it involves treating your credit cards like you would your cash. Only carry as many as you need, and hide the others in a lock box. Write down all your account numbers and expiration dates in a place others won’t be able to find, and lastly, do not give out your credit card numbers to anyone that you don’t fully trust. BC

A18 34

Business Courage

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Behind d Wheels This page is open to sponsorship

By Adejuwon Osunnuyi with agency report

he facelifted model for 2015, Peugeot 3008 is here. Still on the same (previous generation) 308 platform, but looking a bit smarter now and featuring satellite navigation and a reversing camera as standard. It is a car designed around the nuclear family. Other tweaks consist of new LED daytime running lights, dual storage bins under the floor and Arkamys digital sound processing. The 3008 is sold now in just the one (‘Active’) level of trim, but with two drivetrain choices, a 1.6-litre turbo-petrol fourcylinder, or a 2.0-litre turbodiesel. For this test, the 3008 was diesel powered. Now effectively a generation old, the facelifted Peugeot 3008 finds itself facing bold new competition in the form of the BMW 2 Series Active Tourer and – from its own stable – the Citroen C4 Picasso. The competition is priced significantly higher and the 3008 was updated back in March, but only 52 have been sold for the year to date. That’s a major slump for a car that sold over 500 in 2011. It’s probably no coinci-

dence that in 2010, Mercedes-Benz cut the price of its B-Class to peg back sales of BMW’s X1. The B-Class was no SUV, but there was some packaging overlap for buyers who wanted a high hip point, a roomy interior and some load-lugging ability. Perhaps the Peugeot 3008 was collateral damage. Canny buyers, given the choice of a B-Class for just under $37,000 or a 3008 starting from just under $36,000, presumably felt it was no contest. The 3008 probably wasn’t helped by chintzy, upright styling that promised at least some degree of off-road ability – but without the mechanicals to back that up. A few cosmetic tweaks can’t conceal that the updated 3008’s footprint is largely as it was, which means it’s the wooden spooner measured against B-Class, Active Tourer and C4 Picasso. The Peugeot’s driving position and wheelbase combined restrict rear-seat legroom on the right side of the car. Legroom in the rear was basically adequate for older kids (up to mid teens). It was marginal for adults of average height or taller. Rear-seat headroom was fine, however, even with the optional pan-

oramic glass roof fitted. The 3008 provided easy entry and exit, although rain water did collect above the side doors during a downpour and the body of water dropped in when the doors were opened. The front seats were flat and firm; they’re not recommended for a long journey, and it would even go so far as to say the rear seats felt more comfortable than the seats in front. Finding a driving position to suit was challenging. Tilting the seat base up and dragging it forward left enough legroom behind and placed me the right distance from the steering wheel. But then the pedals were too close. On the plus side, the way the instrument panel, centre fascia and console wrapped around was pleasing. But the layout was marred by the stubby stalks for cruise control and audio system at 8 and 4 o’clock positions behind the wheel. It means the 3008’s wheel is neat to look at, but the controls are concealed and difficult to use without longer familiarisation. The 3008’s optional headup display was very easy to use, and provided simple adjustment for height and brightness. Unexpectedly, there was no accessory posi-

tion for the key lock. The ignition had to be switched to ‘On’ for music to play through the audio system or for the map lights to be used. In the luggage compartment is where the 3008 lifted its game. The false floor could be raised for additional storage underneath. The rear seats fall forward by operating the finger pulls in the sides of

the load area, plus there were additional hand pulls on the seat backs for lowering the seats from the rear side doors. A two-piece tailgate was a nice touch. The upper section rose enough for easy loading, but without (necessarily) hitting the ceiling in the garage. The lower section was easily opened and closed too, with a small lever/handle to unlatch.

National Mirror www.nationalmirroronline.net

Business Courage

Monday, June 29, 2015

A19 35

Behind d Wheels This page is open to sponsorship

Autocare Tips

ere is a list o of Do ’s and Don ’ts for you to follow. These tips w will keep you safe, and will keep your car operating at its best as well as maintaining a respectable appearan appearance throughout the year. Do not Wash vehicle wh when painted surfaces are hot or in direct sunlight. Use dish soap or clothes detergents. Use sponges on paint. Allow hard water to dry on paint. You must dry off the bo body before doing the wheels and tires, or w wash wheels and tires rst with separate water/ cleane cleaner/tools. Le Leave bird droppings and bug splashes on pain painted surfaces. Clean off with lots of water and terry cloth as soon as you notice them. Leave spills or human/pet accidents in car carpets, upholstery, or on leathers. Vacuum/water, um vacuum/water repeatedly to get the out. Leathers should be wiped clean them wit a damp terry cloth. with

Facing out from the boot was the car ’s reversing camera, now a standard feature, but not providing a sufciently bright view at night, despite the strong glare from the reversing lights. Out on the road, the 3008 offered better dynamic strengths and performance than its family-friendly packaging had suggested. Coupled

to a moderately adaptive and reasonably rened six-speed automatic transmission, the diesel engine was full of vim and vigour, whipping up torque almost immediately when the light turned green. There was little apparent turbo lag, in other words. But the engine ’s performance didn ’t come at the expense of fuel consumption. Over the week the trip computer posted an average of 7.7L/100km, which was a little better than it might have been, with about 80km of freeway travel undertaken over the seven days. Nor did the engine ’s healthy output provoke heaps of axle tramp or torque steer. Loss of traction only occurred as a consequence of provocation by the driver. Mostly the 3008 was surefooted in very wet conditions. That was the case not only under acceleration but also braking and cornering. The stability control system was congured to keep the engine on the boil, even in tight turns on wet roads. The 3008 held on very well and even heavy use of the right pedal in the wet didn ’t result in signicant push. While the 3008 ’s roadholding was commendable, punting it a little harder in the rst place

was an act of faith. Quite simply, the steering was not very communicative and the initial response was slower than its three rivals tested in our comparo from last month. When it came to washing off speed, the brake pedal felt as mushy as the steering felt devoid of life. The 3008 rode rmer than expected of a vehicle of this type, but that did translate to the better than expected roadholding. That roadholding did produce an unfortunate byproduct however, road noise. But while the tyres were the major source of NVH in the 3008, the engine was also very clattery under full load from 3000rpm. The 3008 was a bit rowdy too in other ways. In intermediate gears it emitted a strange whirring noise from the transmission and there were other similar noises when the electric parking brake grabbed, or the infotainment screen and the head-up display retracted. Some of the features tted to the test vehicle were part of a $3500 Premium Pack option. These included the colour head-up display, rear sunblinds, the panoramic glass sunroof (with an electrically-powered blind) and leather upholstery. BC

D Do W Wash vehicle when painted surfaces are cool and in the shade, and only with carw carwash specic soap, mitts or cotton terry towels available in most auto parts stores and the auto departments of KMart, etc. Dry off body p paint with cotton or microber towels before water spots begin forming. Wipe leathers wi with barely damp towels only. Clean off bird dr droppings and bug splash ASAP with lots of water and soft terry. Check tire pressure regularly, using the recommended pressure usually listed on the driver ’s side door jamb. Change wiper blades at annual inspections, whether they “need it ” or not. Remove carpet mats and use all weather mats for winter (Nov - March). Follow manufacturer ’s maintenance schedules. Rotate and balance tires at annual inspections and at a six-moth interval between inspections. Don ’t forget to ask for the safety check while this is being taken care of. The simplest way is to own two complete sets of tires and wheels. The cost is little more than the typical deductible for one accident not to mention the insurance premium cost of a chargeable accident. “All season ” tire merely means “not really good in any specic season. ” A second set of tires will save your factory rims or “best ” rims, and keep you and yours safe by preventing accidents. Some dealers/repair shops will even store the extra set for you in order to keep you coming back to them. Automotive uids — your vehicle ’s lifeblood Today with the abundance of self service gas stations sometimes the only way to ensure your vehicles uids receive the attention they need is for you to check them yourself. Maintaining proper uid levels is inexpensive. However, improper maintenance and low uid levels can make driving more difcult and lead to serious damage and shorter engine life. Fluids Maintenance Schedule Monthly - Check level and condition of uids Yearly - Have brake uid checked for contaminants and breakdown Yearly - Have coolant checked for acid content and protection capabilities These maintenance intervals are based on normal driving conditions. BC

XXXXXXXXXXXXXX A20 36

Business Courage

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

REGULATORS

Maritime Safety: Nigeria NIA leverages EAIPN to curb capital ight T domesticates IMO laws Stories by Udo Onyeka

igeria has taken a major step towards concluding the process of domesticating ve International Maritime Organisation, IMO, regulatory instruments with the submission of the instruments of assent to ve protocols of the IMO in London. This feat was achieved through the collaboration of Nigerian Maritime Administration and Safety Agency, NIMASA, being the focal point of all IMO conventions in Nigeria and the Federal Ministry of Transport, FMOT, in a bid to ensure that Nigeria continues to implement the various safety measures and practices as endorsed by the IMO. According to a statement the Nigerian High Commissioner and Permanent Representative to the IMO, Dr Dalhatu Sarki Tada, who presented the instruments to the IMO Secretary-General, Koji Sekimizu on behalf of the Nigerian Government listed the instruments to include the Safety of Lives at Sea Protocol 1988 ,as amended and the Marine Pollution MARPOL Protocol of 1997. Others are the Protocol of 2005 to the

Akpobolokemi

Suppression of Unlawful Acts, SUA, Convention 1988, Protocol of 1988 to the SUA Convention Against Fixed Platforms on the Continental Shelf, and the Protocol of 1988 to the International Convention on Load Lines. Tada noted that “this submission is borne out of the desire of the Nigerian Government to curb the menace of piracy and promote shipping activities in Nigeria and the Gulf of Guinea in line with international best practices ’ ’ Responding, the IMO Secretary-General expressed the organisation ’s pleasure on the submission of these core instruments, particularly three

of which border on Ships Standard, SUA Convention and SUA Protocol, which are signicant towards prevention of piracy. Sekimizu therefore urged the Nigerian government not to relent in its war against piracy in the Gulf of Guinea. Director General of NIMASA, Dr Ziakede Patrick Akpobolokemi who was represented by the Executive Director Maritime Safety and Shipping Development Capt. Bala Agaba, noted that with the deposition of the instruments of assent, the Agency was obliged to enforce the provisions of the conventions to the letter, not only on Flag Ships but also Port State Administration. Nigeria will now domesticate and gazetted these instruments, which will provide the basis to develop guidelines on the implementation of the conventions and protocols. Nigeria is not only highly placed but also occupies a strategic position in world shipping trade in the Gulf of Guinea. The signing of these instruments will therefore mark a turning point in the ght against ship piracy, pollution prevention and control as well as load line convention on the ship standards. BC

CBN redesigns Credit Risk Management System for banks

he Central Bank of Nigeria, CBN, has said it was in the process of redesigning the Credit Risk Management System,CRMS, for banks in order to promote safety and soundness of the nancial system in the country. As a result, the apex bank has asked commercial banks to support the project by nominating staff members who would work with the CBN to ensure the success of the proposed new CRMS. The development is also expected to lead to the reduction of non-performing loans in the banking system. The apex bank in a circular dated June 23, gave banks two weeks to send the necessary information to its ofce. The circular, signed by Director, Financial Policy and Regulation, Mr. Kevin Amugo, said: “The CBN is in the process of redesigning the Credit Rick Management System to enhance data integrity and promote the efciency of the regulatory submission process. The objective is to have the CRMS support the credit administration process in the nancial services industry as well as

promote the safety and soundness of the nancial system in Nigeria. ” The circular also required banks to provide a schedule of borrowers ’ categories and types of loans and advances. The banks are also expected to provide to the regulator a list of major collaterals and types used to secure loans and advances. Global rating agency, Fitch Ratings, had a few months ago predicted that bank ’s non-performing loans will rise above ve per cent by the end of this year. It said the recent oil price shock and subsequent currency pressure had weakened the Nigerian operating environment and was likely to result in lower Gross Domestic Product growth in 2015. In turn, the banks are likely to report weaker protability, asset quality and capital ratios, Fitch said in a new report, ‘2015 Outlook Nigerian Banks: Oil Shock and Policy Moves Test Bank Resilience and Ratings ’. The rating agency afrmed the Long-term Issuer Default Ratings of 10 Nigerian banks, with all outlooks being stable.

They were Zenith Bank Plc, FBN Holdings Plc, First Bank of Nigeria Ltd, United Bank for Africa Plc, Guaranty Trust Bank Plc, Access Bank Plc, Diamond Bank Plc, Fidelity Bank Plc, Union Bank Plc and First City Monument Bank Ltd. Fitch has also afrmed the national ratings of Stanbic IBTC Bank Plc and Stanbic IBTC Holdings Plc. The ratings are all in the ‘B ’ range, indicating highly speculative fundamental credit quality, and factor in Fitch ’s expectation of increasingly challenging economic conditions and market volatility in Nigeria, ” it said. Fitch forecasts the sector ’s non-performing loans to rise above the Central Bank of Nigeria ’s informal cap of ve per cent, but below 10 per cent by end-2015. “This reects high credit concentrations as well as emerging risks, particularly in the oil and gas, and power sectors, ” it said. According to the rating agency, these factors, together with a shift to Basel II and CBN ’s revised regulatory capital computation rules, are likely to add more pressure on capital than previously expected. BC

he Nigeria Insurers Association, NIA, said it will tap on the Energy and Allied Insurance pool of Nigeria, EAIPN, platform to curb capital ight, build local capacity in Oil and Gas underwriting and increase retention of oil business locally. The NIA also said that the Marine Module of the Nigerian Insurance Industry Database, NIID, has uploaded over 7,000 marine policies into the database. The Chairman of the NIA, Mr. G.U.S. Wiggle, disclosed this in Lagos said that the marine module of the NIID has become fully functional and member companies have started uploading their marine certicates. He said the Association haven succeeded in the motor module of the NIID advanced to the marine which had a lot of outow of which the NIID was deployed to restrain the fraud of fake marine certicates. He said that the Association has sustained engagement with the relevant stakeholders such as CIBN, NCRIB, Nigerian Customs Service and NAICOM to seek their support for the initiative. We intend to reach out to

other relevant institutions. The aim is to plug the leakages in import business resulting in loss of billions of naira premium accruable to the insurance industry, this he said attests to the general acceptability of this project and the need to support it in the interest of the industry and the national economy. He added that the Technical Management Board led by a past chairman of the association, Mr. Wole Oshin has been inaugurated while Africa Re has been appointed as the Pool Manager. Twenty (20) member companies have so far subscribed to the Pool. It would be recalled that NIID was introduced into the Nigerian Insurance Industry in 2011 and till date has uploaded about 300,000 policies. NIID is electronic platform designed by the NIA to store data of insured vehicles, aid verication of genuine policies and curb the menace of fake insurance certicates. With the NIID, a motorist can send SMS to 33125 with policy number or vehicle plate number or visit the NIID website to verify genuineness of his or her vehicle insurance papers. BC

‘Regulatory intervention in IEI to protect policyholders, investors ’

he Interim Chairman, International Energy Insurance, IEI, Mr. Mohammed Ahmad, has said that the recent intervention of the National Insurance Commission, NAICOM, in the company was to protect the interest of its policy holders and investors. Ahmad, who stated this during the rm ’s Brokers Forum in Lagos, noted that “regulatory intervention was to ensure that individual interest does not destroy the institution, particularly that there were squabbles amongst board members. ” He stated that intervention does not amount to stress on the company, but could be for the interest of the industry to avoid laying a bad precedence.

Ahmad

We are not here to close IEI, but ensure that actions of the board do not undermine the institution, he said. According to him, “We gave you license not because of the money you paid but because you have promised to exhibit good character, integrity and good corporate governance. We are not here to stay long, but to nish our assignment within the specied time of rst six months. ” He assured the brokers that the company will look at all claims outstanding and pay up within the shortest possible time. He said the interim board has embarked on restructuring of the company ’s operations, relationship with brokers as well as investment amortization, adding that the company is healthy and have the capacity to meet all its obligations. Amad stressed the new board ’s focus is to bring stability and return the organization to stronger capacity to be able to compete effectively and meet its obligations. At the Brokers Forum, the rm unveiled their online Marine Cargo product, meant to assist importers do business without hassles, a remarkable demonstration of the company ’s innovativeness and growth initiatives. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, June 29, 2015

A21 37

Stock market last week Equities turnover of 1.439 billion shares worth N26.406bn in 18,110 deals were traded last week by investors on the oor of The Exchange in contrast to a total of 1.282 billion shares valued at N31.297bn that exchanged hands last week in 19,143 deals. The Financial Services Industry (measured by volume) led the activity chart with 919.073 million shares valued at N8.388bn traded in 10,033 deals; thus contributing 63.89 per cent and 31.76 per cent to the total equity turnover volume and value respectively. The Construction/Real Estate Industry followed with a turnover of 187.939 million shares worth

N9.464bn in 274 deals. The third place was occupied by Consumer Goods Industry with 143.344 million shares worth N6.003bn in 3,031 deals. Trading in the Top Three Equities namely – Zenith International Bank Plc., Julius Berger Nigeria Plc and Wapic Insurance Plc., (measured by volume) accounted for 489.554 million shares worth N13.376bn in 1,637 deals, contributing 34.03 per cent and 50.66 per cent to the total equity turnover volume and value respectively. ETPs Also traded during the week were a total of 1,945 units of Exchange Traded Products

(ETPs) valued at N533,746.50 executed in 23 deals compared with a total of 624 units valued at N235,319.49 transacted last week in 20 deals. Retail Bonds There was no trade on bonds recorded in the week under review. However, a total of 2,284 units of Federal Government Bonds valued at N2.398m were traded last week in 2 deals. Index Movement The NSE All-Share Index and Market Capitalization depreciated by 1.22 per cent to close on Friday at 32,853.49 and N11.215trn respectively. Similarly, four of the Indices nished lower during the week, while three other Indices: NSE Consumer Goods, NSE Oil/Gas, NSE Lotus II closed higher by 0.12 per cent, 1.26 per cent and 0.81 per cent respectively. However, the NSE ASeM Index closed at. Summary of Price Changes Twenty-two equities appreciated in price during the week, lower than 28 equities of the preceding week. Fifty-four equities depreciated in price, higher than 46 equities of the preceding week, while one 117 equities remained unchanged, lower than 119 equities recorded in the preceding week. BC

NSE trading hall

Market Indicators for Week Ended 26-06-15 All-Share Index 33,121.65 points Market Capitalization 11.311,690,876,359.93

NASD OTC REPORT 1 OUTSTANDING OFFERS AND BIDS ON NASD OTC Outstanding deals since April, 2015. Security SD ACORN PETROLEUM PLC SD ARM LIFE PLC SD ARM PROPERTIES PLC SD AFRILAND PROPERTIES PLC SD BGL PLC SD CAPPA AND D'ALBERTO PLC SD CENTRAL SECURITIES CLEARING SYSTEM PLC SD DUFIL PRIMA FOODS PLC SD FRIESLAND CAMPINA WAMCO NIGERIA PLC

Industry Oil & Gas Financials Financials Financials Financials Industrials Financials Consumer Goods Consumer Goods

SD FOOD CONCEPTS PLC

Consumer Services

SD FUMMAN AGRICULTURAL PRODUCTS INDUSTRIES PLC SD GEO-FLUIDS PLC SD GOLDEN CAPITAL PLC SD INDUSTRIAL & GENERAL INSURANCE PLC SD JAIZ INTERNATIONAL PLC SD NIGER DELTA EXPLORATION & PRODUCTION PLC

Consumer Goods Industrials Financials Financials Financials Oil & Gas

SD PARTNERSHIP INVESTMENT COMPANY PLC SD RESOURCERY PLC SD RIGGS VENTURES WEST AFRICA PLC SD SPRING MORTGAGE PLC SD SWAP TECHNOLOGIES AND TELECOMMS PLC

Financials Technology Industrials Financials Technology Financials

RUSTRUSTBOND MORTGAGE BANK PLC

Nominal value (േ) 0.50 0.50 0.50 0.50 0.50 0.50 1.00 0.50 0.50 0.50 0.50

Last Offer Date 15-Jun-15 16-Jun-15 16-Jun-15 18-Jun-15 16-Apr-15

Offers Volume offered Last Offer Price Last Bid Price 1,207,000 1.23 2.66 100,000.00 95.00 16,050 5.20 4.52 8.20 156,457 300.00 290.00 ########### 0.86 -

0.50 0.50 0.50 1.00 10.00 0.50

5-Jun-15 14-May-15 17-Jun-15 5-Jun-15

0.50 0.50 0.50 0.50 1.00

15-Jun-15 4-Jun-15 15-Jun-15

621,899.00 50,000 145,800.00 2,336,000 991,280.00 886,800 ###########

2 DEMATERIALISATION AND CUMULATIVE TRADE IN OTC SECURITIES 19-Jun-15

Security SD ACORN PETROLEUM PLC SD ARM LIFE PLC SD ARM PROPERTIES PLC SD AFRILAND PROPERTIES PLC SD BGL PLC SD CAPPA AND D'ALBERTO PLC SD CENTRAL SECURITIES CLEARING SYSTEM PLC SD DUFIL PRIMA FOODS PLC SD FRIESLAND CAMPINA WAMCO NIGERIA PLC SD FOOD CONCEPTS PLC SD FUMMAN AGRICULTURAL PRODUCTS INDUSTRIES PLC SD GEO-FLUIDS PLC SD GOLDEN CAPITAL PLC SD INDUSTRIAL & GENERAL INSURANCE PLC SD JAIZ INTERNATIONAL PLC SD NIGER DELTA EXPLORATION & PRODUCTION PLC SD PARTNERSHIP INVESTMENT COMPANY PLC SD RESOURCERY PLC SD RIGGS VENTURES WEST AFRICA PLC SD SPRING MORTGAGE PLC SD SWAP TECHNOLOGIES AND TELECOMMS PLC

RUSTRUSTBOND MORTGAGE BANK PLC

Industry Oil and Gas Financials Financials Financials Financials Industrial Financials Consumer Goods Consumer Goods Consumer Services Consumer Goods Industrial Financials Financials Financials Oil and Gas Financials Technology Industrial Financials Technology Financials

0.73 0.85 274.00 1.09

0.18 -

0.53 2.17 1.02

Bids Volume Bidded Last Bid Date 1,602,000 18-Jun-15 50,000 10-Jun-15 558,380 5-Jun-15 81,950 18-Jun-15 1,550,400 -

Year end 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec 31/Mar 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec 31/Dec

Total Share Capital Volume % '000 Dematerialised Dematerialised 2,000,000,000 5,785,673,000 1,900,000,000 1,249,000,000 12,000,000,000 196,875,000 5,000,000,000 6,753,333,334 976,335,936 5,650,000,000 3,600,000,000 4,257,668,000 1,170,324,536 14,231,238,000 11,829,700,000 181,408,000 2,875,595,000 2,576,686,039 880,394,000 7,138,199,210 2,705,378,000 10,945,334,000

41,278,346 606,000,000 12,040,382 72,428,500 102,907 38,232,855 171,723,293 83,817,426 550,329,772 65,087,688 968,058,020 1,216,500 7,956,004 43,831,878 516,100,000 14,750,000 90,629,755

103,903,142,055 3,283,583,326

18-Jun-15 -

TRADE INFORMATION (JAN 2015-TILL DATE)

DEMATERIALISATION INFORMATION

Introduced by Company Registrars Meristem Securities Limited CardinalStone Registrars Limited APT Securities & Fund Limited African Prudential Registrars Plc Mega Equity Limited African Prudential Registrars Plc APT Securities & Fund Limited African Prudential Registrars Plc Nigerian Int. Securities Ltd Unity Registrars Limited UBA Stockbroking Firm African Prudential Registrars Plc Greenwich Securities Limited African Prudential Registrars Plc Anchoria Investment & Securities Lim Nnenna Ejekam Associates Capital Bancorp Plc First Registrars Limited Stanbic IBTC stockbrokers limited Meristem Registrars Limited Integrated Trust & Investment LimitedPAC Registrars Limited Icon Stockbrokers Limited Meristem Registrars Limited Sterling Capital Market Limited African Prudential Registrars Plc Greenwich Securities Limited GTL Registrars Limited APT Securities & Fund Limited African Prudential Registrars Plc FCSL Asset Management Co. Limited United Securities Limited APT Securities & Fund Limited First Registrars Limited APT Securities & Fund Limited EDC Registrars Limited APT Securities & Fund Limited Mainstreet Bank Registrars Limite Primera Africa Securities Limited PAC Registrars Limited Signet Investment and Securities Limi PAC Registrars Limited Prominent Securities Limited United Securities Limited

2.06% 10.47% 0.00% 0.96% 0.60% 0.05% 0.76% 0.00% 17.59% 1.48% 0.00% 12.93% 5.56% 6.80% 0.01% 4.39% 1.52% 20.03% 0.00% 0.00% 0.55% 0.83% 3.16%

If you do not see your unquoted Plc on this list or for further enquirys consult your NASD OTC participating broker or visit our website at www.nasdng.com

DEALS 14 9 5 1 56 280 54 14 23 12 49 6 12 15 550

VOLUME 13,890

218,134 6,300 303 12,451,510 135,071,129 6,301,140 10,789,938 110,159,250 10,250 6,190,477 1,900 112,400 15,560 281,342,181

VALUE (േ) 29,417.90

542,705.10 18,900.00 30,300.00 58,599,857.00 42,512,608,878.23 3,357,780.00 16,067,149.62 110,214,996.00 8,712.50 1,280,723,002.25 2,660.00 110,044.00 35,607.30 43,982,350,009.90

A22 38

Business Courage

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

FBN Holdings: retail banking, technology drive prot F

BN Holdings posted an increase in prot for the nancial year ended December 31, 2014 on commercial banking business, which is built on an extensive retail network and a robust information technology platform. Despite the tough operating environment, particularly the regulatory headwinds that saw most of the lenders reporting negative prots, the group showed commendable growth across all the key performance indicators buoyed by the complementary performance of non-bank subsidiaries with gross earnings growing by 21.3 per cent to N480.6billion and prot before tax at N92.9billion. Protability The holding company announced a prot after tax of N82.8billion for the 2014 nancial year, an increase of 17.3 per cent when compared to N70.6billion recorded in the same period of 2013. The group gross earnings stood at N480.6billion, up 21.3 per cent when compared to N396.2billion recorded in the corresponding period of 2013. The group declared a non-interest income of N111.8billion, up 66.1 per cent from N67.3billion recorded in 2013, while net interest income added 6.0 per cent to N243.9billion in the review period from N230.1billion in 2013. Further analysis showed that other key indices appreciated in value, as impairment charge for credit losses and operating expenses rose 27.7 per cent and 27.5 per cent to N25.9bn and N236.8bn respectively. The bank however surprised many by proposing a meager dividend per share of 10 kobo and bonus issue of one for every 10. By paying 10 kobo, the bank is essentially paying out just 3.9 per cent of its earnings per share of 255 kobo. In trying to assuage shareholders, the bank claimed the cash

dividend and script (bonus issue) represents a N1.05 dividend and a 10 per cent dividend yield. Speaking on the result, the Group Chief Executive Ofcer, Alhaji Bello Maccido, said that the group recorded a strong nancial performance in 2014, in spite of the highly challenging operating environment. “We remain focused on diversifying our revenue streams through the extraction of value from our recent bank acquisitions, consolidating our position in the investment banking space, especially with the acquisition of Kakawa, and expanding our insurance business scope. “Our investment in technology, human capital and portfolio expansion are beginning to shape the longterm fundamentals of the group and will deliver a positive return on investment over the longer term. However, in the short to medium term we continue to ensure our business remains as resilient as can be to the shifts in the regulatory and macro-economic environment; shore up our risk management processes; and, drive efciencies across the group, ” he said. Liquidity The group total assets hit N4.3 trillion, up 12.2 per cent year-on-year from N3.9trillion recorded in the same period of 2013, while customer deposits rose 4.2 per cent to N3.1 trillion, from N2.9trillion recorded in the corresponding period of 2013. Customer loans and advances (net) stood at N2.2trillion, up 23.2 per cent from N8 trillion recorded in 2013 nancial year. On the key ratio, pre-tax return on average equity stood at 18.7 per cent from 20.0 per cent in 2013, while post-tax return on average equity stood at 16.7 per cent, from 15.5 per cent in the corresponding period of 2013. The group net interest margin dropped to 7.6 per

Maccido

cent, from 8.0 per cent in 2013, while cost to income ratio rose to 66.7 per cent, from 62.7 per cent the preceding year. However, the level of non-performing loan ratio dropped marginally to 2.9 per cent, from 3.0 per cent in 2013, while the banking group liquidity ratio stood at 44.0 per cent, from 44.2 per cent as at December 2013. Adequate provisions have been made on the impaired assets with coverage ratio being 137.9 per cent, from 97.7 per cent in December 2013. “We will continue to reinforce loan growth within our preferred sectors and dened risk appetite as well as proactively manage and drive efciency within our portfolio, ” the holding company said. The group capital adequacy ratio stood at 16.7 per cent (Basel 2), just 1.67 per cent higher than 15 per cent minimum requirement by the Central Bank of Nigeria, CBN. This puts the bank at risk at defaulting and as such paying further cash dividends could just

see them fall below the 15 per cent band. Business Strategy The holding company is a shell companies with no signicant operations and income streams. FBN Holdings completed the acquisition of 100 per cent equity of Kakawa Discount House Limited (Kakawa) which is now a direct subsidiary of FBNH. FBN Insurance Limited completed the acquisition of 100 per cent equity interest in Oasis Insurance Plc, while First Bank acquired International Commercial Bank, ICB Senegal to complete the acquisition of the ICB West African operations. First Bank concluded a $450 million subordinated Tier 2 debt issuance in the international markets for general banking purposes. FBN Holdings Plc, owner of First Bank Nigeria, said it expects to benet from a surge in sales of bonds by state governments to replace dwindling oil revenue and after peaceful elections bolstered investor condence.

“We expect a lot of the state governments to go to the market to issue bonds to be able to fund their projects, ” Chief Executive Ofcer Bello Maccido said in an interview. “It presents an opportunity for the investment-banking business. ” Also, the group said it expects loan growth at its banking unit to slow to four per cent this year, down from 23 per cent last year, as it shifts focus to shortterm trade finance transactions. The top tier lender, with over N2.2 trillion on its loan book, will be conservative on loans in 2015 after financing power and oil sectors last year but income will rise from short-term lending. Maccido said that the holdings company should generate a tenth of its revenues from its investment banking and insurance units combined by 2016, up from around seven per cent now, after it acquired Kakawa Discount House and Oasis Insurance last year. Company Background FBN Holdings Plc is the Nigerian-based (non-operating) nancial holding company for the banking and non-banking operations of the First Bank Group. FBN Holdings Plc was incorporated in Nigeria, as a limited liability company, on October 14, 2010, to act as the ultimate holding company for the FBN group in compliance with CBN guidelines. The company was converted to a public liability company on August 13, 2012. Analyst opinion For shareholders of the bank, one can begin to prepare for a capital raising exercise by the bank. The bank will surely want to raise equity or quasi equity to help shore up their capital adequacy ratio. Not doing that will mean the bank has to rely on prots this quarter and the next to push it further away from the default line of 15 per cent. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, June 29, 2015

A23 39

STOCKWATCH Stock Exchange weekly equities summary as at Friday, June 26, 2015 SECURITY

PRICE (=N=)

AGRICULTURE/AGRO-ALLIED Crop Production FTN COCOA PROCESSORS PLC 0.50 OKOMU OIL PALM PLC. 28.66 PRESCO PLC 33.50 Fishing/Hunting/Trapping ELLAH LAKES PLC. 4.26 Livestock/Animal Specialties LIVESTOCK FEEDS PLC. 2.15 CONGLOMERATES Diversied Industries A.G. LEVENTIS NIGERIA PLC. 1.47 CHELLARAMS PLC. 3.95 JOHN HOLT PLC. 0.94 SCOA NIG PLC 4.44 TRANSNATIONAL CORP. OF NIG.PLC 2.78 U A C N PLC. 42.01 CONSTRUCTION/REAL ESTATE Building Construction ARBICO PLC. 5.30 CAPPA & D ’ALBERTO PLC. NT Building Structure/Completion/Other COSTAIN (W A) PLC. 0.88 G CAPPA PLC 14.46 Non--Building/Heavy Construction JULIUS BERGER NIG. PLC. 48.50 ROADS NIG PLC. 6.29 Real Estate Development PINNACLE POINT GROUP PLC NT UACN PROPERTY DEV 10.50 Real Estate Investment Trusts (REITs) SKYE SHELTER FUND PLC 100.00 UNION HOMES REAL ESTATE INV 45.22 UPDC REAL ESTATE INVESTMENT TRUST 10.00 CONSUMER GOODS Automobiles/Auto Parts DN TYRE & RUBBER PLC 0.50 Beverages--Brewers/Distillers CHAMPION BREW. PLC. 6.27 GOLDEN GUINEA BREW. PLC. 0.93 GUINNESS NIG PLC 153.50 INTERNATIONAL BREWERIES PLC. 19.01 JOS INT. BREWERIES PLC. 1.66 NIGERIAN BREW. PLC. 148.01 PREMIER BREWERIES PLC 3.26 Beverages--Non-Alcoholic 7-UP BOTTLING COMP. PLC. 179.10 Food Products BIG TREAT PLC NT DANGOTE FLOUR MILLS PLC 3.86 DANGOTE SUGAR REFINERY PLC 6.90 FLOUR MILLS NIG. PLC. 34.00 HONEYWELL FLOUR MILL PLC 3.46 MULTI-TREX INTEGRATED FOODS PLC 0.50 N NIG. FLOUR MILLS PLC. 18.05 NATIONAL SALT CO. NIG. PLC 7.90 P S MANDRIDES & CO PLC. 5.35 U T C NIG. PLC. 0.50 UNION DICON SALT PLC. 11.84 Food Products--Diversied CADBURY NIGERIA PLC. 35.15 NESTLE NIGERIA PLC. 891.45 Household Durables BETA GLASS CO PLC. NT NIGERIAN ENAMELWARE PLC. 31.82 VITAFOAM NIG PLC. 5.63 VONO PRODUCTS PLC. 1.14 Personal/Household Products P Z CUSSONS NIGERIA PLC. 32.00 UNILEVER NIGERIA PLC. 45.50 Textiles/Apparel UNITED NIG. TEXTILES PLC. NT FINANCIAL SERVICES Banking ACCESS BANK PLC. 5.77 DIAMOND BANK PLC 4.10 ECOBANK TRANSNATIONAL INC. 22.00 FIDELITY BANK PLC 1.75 FIRST CITY MONUMENT BANK PLC. NT GUARANTY TRUST BANK PLC. 27.00 INTERCONTINENTAL BANK 13.50 SKYE BANK PLC 2.40 STERLING BANK PLC. 1.98 U B A PLC 4.90 UNION BANK NIG.PLC. 9.35 UNITY BANK PLC 2.50 WEMA BANK PLC. 0.95 ZENITH BANK PLC 19.25 Insurance Carriers, Brokers & Services AFRICAN ALLIANCE INS. COY. PLC 0.50 AIICO INSURANCE PLC. 0.97 CONFIDENCE INSURANCE PLC NT CONSOLIDATED HALLMARK INS. PLC 0.50 CONTINENTAL REINSURANCE PLC 0.97 CORNERSTONE INS. COY. PLC. 0.50 CUSTODIAN AND ALLIED INS. PLC NT EQUITY ASSURANCE PLC. 0.50 GOLDLINK INSURANCE PLC 0.53 GREAT NIGERIAN INSURANCE PLC 0.50 GUINEA INSURANCE PLC. 0.50 INTERCONTINENTAL WAPIC INS. PLC NT INTERNATIONAL ENERGY INS. PLC 0.50 INVESTMENT AND ALLIED ARN. 0.5 LASACO ASSURANCE PLC. 0.50 LAW UNION AND ROCK INS. PLC. 0.50 LINKAGE ASSURANCE PLC 0.50 MANSARD INSURANCE PLC 2.96 MUTUAL BENEFITS ASSURANCE PLC. 0.50 N.E.M INSURANCE CO (NIG) PLC. 0.70 NIGER INSURANCE CO. PLC. 0.50 OASIS INSURANCE PLC NT PRESTIGE ASSURANCE CO. PLC. 0.50 REGENCY ALLIANCE INS. COY PLC 0.50 SOVEREIGN TRUST INSURANCE PLC 0.50 STANDARD TRUSTASSURANCE PLC 0.50 STANDARD ALLIANCE INS. PLC. 0.50 UNIC INSURANCE PLC. 0.50 UNITY KAPITAL ASSURANCE PLC 0.50 UNIVERSAL INS. COMPANY PLC 0.50 WAPIC INSURANCE PLC 0.50 Micro Finance Banks FORTIS MICROFINANCE BANK PLC 5.42 NPF MICROFINANCE BANK PLC 1.05 Mortgage Carriers, Brokers &Services ABBEY MORTGAGE BANK PLC 1.25 ASO SAVINGS AND LOANS PLC 0.50 INFINITY TRUST MORTGAGE BANK PLC 1.42 RESORT SAVINGS & LOANS PLC 0.50 UNION HOMES SAVINGS&LOANS PLC 5.78 Other Financial Institutions AFRICA PRUDENTIAL REGISTRARS 2.7 CUSTODIAN AND ALLIED INS. PLC 4.05 CRUSADER ( NIG) PLC. NT DEAP CAPITAL MGT & TRUST PLC 0.64 FBN HOLDINGS PLC 7.96 FCMB GROUP PLC 3 ROYAL EXCHANGE PLC. 0.50 STANBIC IBTC HOLDINGS PLC 27.05 SIM CAPITAL ALLIANCE VALUE FUND 103.24 NIGERIA ENERGY SECTOR FUND 552.20 UBA CAPITAL PLC 1.36 HEALTHCARE Healthcare Providers EKOCORP PLC. 3.72 UNION DIAGNOSTIC &CLINICAL PLC 0.50 Medical Supplies MORISON INDUSTRIES PLC. 1.82 Pharmaceuticals

NOTE NT=Not Traded on 26-06-15

52 WK HIGH

QUANTITY

9,140 261,540 107,996

0.64 107.81 41.14

52 WK LOW

0.50 20.92 8.24

SHARES OUTSTANDING

2,200,000,000 476,955,000 1,000,000,000

EPS

0.10 2.29 7.55

MOV. (%)

N/A -9.16 4.69

0.50 31.55 32.00

4.26

60,000,000

0.00

N/A

4.26

1,249,104

7.18

0.68

1,199,549,736

0.07

-4.87

2.26

100,150 300 17,558 512 6,693,406 2,658,148

2.08 6.43 5.89

0.71 4.15 1.07

2,191,895,983 963,900,300 389,151,408

0.11 0.16 1.09

0.00 N/A N/A

5.89 71.10

0.50 28.00

821,666,666 1,600,720,323

0.09 4.38

N/A N/A

1.47 3.95 0.94 4.44 2.78 42.00

375 3

26.00 95.49

5.05 95.49

148,500,000 196,876,000

0.33 4.50

N/A N/A

5.30 NT

807,550 217

2.66 14.46

0.72 14.46

920,573,765 125,000,000

0.00 0.00

N/A N/A

0.92 14.46

27,437 1,832

83.75 10.60

19.86 6.61

1,200,000,000 20,000,000

6.74 1.69

-7.43 N/A

52.39 6.29

NT 324,368

7.28 20.90

7.28 8.82

1,375,000,000

0.00 2.20

N/A 0.00

NT 10.50

93 100 6,350

100.00 50.00 10.50

100.00 50.00 0.00

20,000,000 250,019,781

5.82 0.19

N/A N/A

100.00 45.22 10.00

5,016

0.50

4,772,528,415

0.00

N/A

0.50

54,992 8,132 28,374 172,515 50,000 1,808,302 513,550

19.48 0.68 297.41 30.00 9.09 179.40 0.97

3.13 0.68 209.10 5.34 0.81 91.10 0.93

900,000,000 272,160,000 1,474,925,519 2,112,914,681 562,000,000 7,562,562,340 126,000,000

0.00 0.00 8.66 0.63 0.00 5.03 0.00

N/A N/A -6.97 N/A N/A -0.01 N/A

7.00 0.93 165.00 18.52 1.66 148.02 3.26

24,150

75.90

38.12

640,590,362

4.46

N/A

178.10

NT 224,970 1,588,435 187,271 952,850 53,816 159,011 2,835,920 2.08 124,000 50 100

0.50 10.68 12.85 109.24 4.11 1.21 29.70 14.00 5.94 0.93 13.31

0.50 3.85 3.26 50.00 1.83 0.50 17.51 3.65 5.35 0.50 4.22

2,000,000,000 5,000,000,000 12,000,000,000 1,879,210,666 7,930,197,658 3,722,493,620 178,200,000 40,000,000 1,233,375,004 360,000,000

0.00 0.00 0.81 3.38 0.34 0.00 0.00 1.05 0.08 1.13 0.00

N/A -0.26 -0.86 -2.02 -8.95 N/A N/A -7.06 N/A 0.00 N/A

NT 3.87 6.96 34.70 3.80 0.50 18.05 8.50 5.35 0.50 11.84

5,725 390,319

64.53 1250.00

8.33 400.00

3,129,188,160 792,656,250

1.57 28.34

-6.44 4.88

37.57 850.00

25,333 100 187,845 15,000

15.58 36.19 5.54 2.88

10.03 32.27 2.91 0.57

63,360,000 819,000,000 300,000,001

3.90 13.92 0.71 0.00

N/A N/A 3.68 N/A

NT 31.82 5.43 1.45

156,973 119,119

56.00 76.00

21.02 27.60

3,176,381,636 3,783,296,250

1.34 1.42

0.72 1.11

31.77 45.00

0.97

0.57

843,284,027

0.00

N/A

20,610,779 1,358,484 5,746,153 4,669,271 NT 11,491,149

12.39 7.85 17.51 3.47 8.30 29.99

4.70 1.92 9.90 1.13 3.04 13.02

17,888,251,479 14,475,243,105 9,873,614,567 28,974,797,023 16,271,192,202 29,146,482,209

1.61 1.71 3.67 0.68 0.60 3.08

-5.41 -2.61 0.00 -2.23 #VALUE! 0.15

5,074,965 2,601,379 11,173,106 1,469,943 359,359 1,128,531 9,778,427

7.05 3.05 9.60 15.30 1.16 1.88 27.40

2.65 0.80 1.64 2.34 0.50 0.50 11.96

13,219,334,676 12,563,091,545 32,334,693,693 13,509,726,273 33,675,576,085 12,821,249,880 31,396,493,790

0.97 0.63 1.70 0.44 0.18 0.00 3.30

-4.00 -3.41 -5.04 -3.11 0.00 -5.00 -1.13

200 1,627,718 NT 9,140 1,882,960 62,000 9,054,578 4,754 NT 42,003 165,731 NT 698,304 NT 14,710 100 220 23,600 1,319,465 10,579,013 52,100 1,654,611 27,973 5,028 100 1,650 161,547,689 25,000 200 518,140 1,368,084

0.50 1.42 0.64 0.52 1.45 0.72 2.44 0.50 0.69 0.60 0.50 2.50 2.50 0.50 0.50 0.61 0.50 2.87 0.63 1.01 1.11 0.50 1.24 0.53 0.59

0.50 0.50 0.61 0.50 0.58 0.50 1.08 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 1.06 0.50 0.50 0.50 0.50 0.50 0.50 0.50

20,585,000,000 7,809,391,256 211,626,000 6,000,000,000 10,372,624,157 8,820,010,363 5,100,846,808 8,847,298,420 4,549,947,000 3,827,485,380 720,000,000 5,061,804,000 6,420,427,449 28,000,000,000 7,323,313,227 3,437,330,500 4,083,713,569 10,000,000,000 7,998,705,336 5,332,830,881 5,649,693,923 5,003,506,791 2,508,315,436 6,668,750,000 5,203,757,266

0.00 0.19 0.00 0.05 0.15 0.02 0.24 0.01 0.00 0.03 0.01 0.00 0.00 0.02 0.00 0.00 0.02 0.25 0.00 0.37 0.02 0.04 0.06 0.04 0.09

N/A 0.00 N/A N/A 0.00 0.00 0.00 N/A N/A N/A N/A N/A 0.00 N/A N/A N/A 0.00 -1.00 N/A -7.89 N/A N/A 0.00 N/A 0.00

0.50 0.50 0.50 0.50 1.55

0.50 0.50 0.50 0.50 0.50

8,493,173,450 2,581,733,505 13,000,000,000 16,000,000,000

0.00 0.00 0.02 0.00 0.07

N/A N/A N/A N/A

10,000,000 584,766

6.60 1.22

0.00 0.72

500 500 500 220,000 4,570

1.65 0.50

1.37 0.50

4,200,000,000 8,679,148,676

0.03 0.02

N/A N/A

0.50 0.99

0.50 0.50

13,175,732,404 7,812,500,000

0.30 0.00

N/A N/A

3,778,005,975 1,333,333,333 32,632,084,358

0.00 0.15 2.45 1.23 0.13 1.53

313,164 369,250 500 5,000 8,812,914 27045923 1,050,953 3,807,836 465 100 1,926,013

2.1

0.5

0.61 2.02 21.50 5.70 1.33 20.72 103.24

0.50 2.02 8.57 2.90 0.50 10.64 98.33

1.70

0.00

1.18 0.19

0.50 0.92 NT 0.50 1.00 0.50 NT 0.50 0.53 0.50 0.50 NT 0.50 0.5 0.50 0.50 0.50 2.99 0.50 0.76 0.50 NT 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 5.42 1.14

0.63

3,608,657,661 18,750,000,000

6.10 4.21 22.00 1.79 NT 26.96 13.50 2.50 2.05 5.16 9.65 2.54 1.00 19.47

N/A N/A -5.35 N/A -1.99

0.29

1.26 0.50 1.42 0.50 5.78 2.74 4.00 NT 0.64 8.41 3.08 0.50 27.60 103.24 552.20 1.41

170 40,000

5.05 0.50

4.32 0.50

498,600,908 3,553,138,528

0.13 0.00

N/A N/A

3.72 0.50

100

10.54

7.39

152,178,750

0.00

N/A

1.82

N/A=Not Avialable @

SECURITY

PRICE (=N=)

EVANS MEDICAL PLC. 1.32 FIDSON HEALTHCARE PLC 3.18 GLAXO SMITHKLINE CONSUMER PLC 44.00 MAY & BAKER NIGERIA PLC. 1.42 NEIMETH INT PHARM PLC 1.43 NIGERIA-GERMAN CHEMICALS PLC. 6.32 PHARMA-DEKO PLC. 2.20 ICT Computer Based Systems COURTEVILLE BUSINESS SLN PLC 0.50 Computers and Peripherals OMATEK VENTURES PLC 0.50 Electronic Communications Services MTECH COMMUNICATIONS PLC 0.91 IT Services COMPUTER WAREHOUSE GROUP PLC 3.98 NCR (NIGERIA) PLC. 11.02 TRIPPLE GEE AND COMPANY PLC. 1.69 Processing Systems CHAMS PLC 0.50 E-TRANZACT INTERNATIONAL PLC 3.34 Telecommunications Services IHS NT HIS NIGERIA PLC 2 NT HIS NIGERIA PLC 1 NT MTI PLC 0.5 INDUSTRIAL GOODS Building Materials AFRICAN PAINTS (NIGERIA) PLC. 2.72 ASHAKA CEM PLC 22.60 BERGER PAINTS PLC 11.24 CAP PLC 41.00 CEMENT CO. OF NORTH.NIG. PLC 10.50 DANGOTE CEMENT PLC 170.00 DN MEYER PLC. 0.76 FIRST ALUMINIUM NIGERIA PLC 0.50 IPWA PLC 0.50 PREMIER PAINTS 10.93 LAFARGE WAPCO PLC. 100.00 PAINTS & COATINGS MANFACT.PLC 1.33 PORTLAND PAINTS & PRDT NIG. PLC 4.45 Electronic and Electrical Products AUSTIN LAZ & COMPANY PLC 2.09 CUTIX PLC. 1.65 NIGERIAN WIRE AND CABLE PLC. 0.50 Packaging/Containers ABPLAST PRODUCTS PLC. NT AVON CROWNCAPS & CONTAINERS 1.52 BETA GLASS CO PLC. 35.46 GREIF NIGERIA PLC 11.48 NIG. BAGS MANFACT. COY PLC NT POLY PRODUCTS (NIG) PLC. NT W A GLASS IND. PLC. 0.63 Tools and Machinery NIGERIAN ROPES PLC 7.46 NIG SEW MACH. MAN. CO PLC. 0.15 STOKVIS NIG PLC. 0.14 NATURAL RESOURCES Chemicals B.O.C. GASES PLC. 4.86 Metals ALUMACO PLC 7.75 ALUMINIUM EXTRUSION IND. PLC. 10.43 MINING SERVICES MULTIVERSE PLC 0.50 Paper/Forest Products HALLMARK PAPER PRODUCTS PLC. NT THOMAS WYATT NIG. PLC. 0.67 OIL AND GAS Energy Equipment and Services JAPAUL OIL & MARITIME SER. PLC 0.50 Integrated Oil and Gas Services OANDO PLC 15.36 Petroleum &Petroleum Products Distributors BECO PETROLEUM PRODUCT PLC 0.5 CONOIL PLC 40.85 ETERNA PLC. 2.41 FORTE OIL PLC. 182.00 MOBIL OIL NIG PLC. 158.85 MRS OIL NIGERIA PLC. 50.54 TOTAL NIGERIA PLC. 165.00 Exploration and Production SEPLAT PETROLEUM DEVT. CO, LTD. 331.25 SERVICES Advertising AFROMEDIA PLC 0.50 Apparel Retailers LENNARDS (NIG) PLC. 3.15 Automobile/Auto Part Retailers R T BRISCOE PLC. 0.77 Courier/Freight/Delivery RED STAR EXPRESS PLC 4.80 TRANS-NATIONWIDE EXPRESS PLC. 1.27 Employment Solutions C & I LEASING PLC. 0.52 Hospitality TANTALIZERS PLC 0.50 Hotels/Lodging CAPITAL HOTEL 4.07 IKEJA HOTEL PLC 3.80 TOURIST COY NIG PLC 3.51 TRANSCORP HOTELS PLC 9.63 Media/Entertainment DAAR COMMUNICATIONS PLC 0.50 Printing/Publishing ACADEMY PRESS 0.91 LEARN AFRICA PLC 1.26 STUDIO PRESS (NIG) PLC. 2.30 UNIVERSITY PRESS PLC. 5.61 Road Transportation ABC TRANSPORT PLCPLC 0.50 Specialty INTERLINKED TECHNOLOGIES PLC 4.43 SECURE ELECTRONIC TECH.PLC 0.5 Transport-Related Services AIRLINE SERVICES AND LOGISTICS PLC 2.08 NIG. AVIATION HANDLING COY PLC 4.77 SUPPORT AND LOGISTICS CAVERTON OFFSHORE GROUP PLC 3.42 ASeM CONSTRUCTION/REAL ESTATE Property Management SMART PRODUCTS NIGERIA PLC NT CONSUMER GOODS Food Products MCNICHOLS PLC NT OIL AND GAS CAPITAL OIL PLC NT NAVITUS ENERGY PLC NT Personal/Household Products ROKANA INDUSTRIES PLC. NT HEALTHCARE Pharmaceuticals AFRIK PHARMACEUTICALS PLC. NT INDUSTRIAL GOODS Electronic and Electrical Products NT ADSWITCH PLC. NT NATURAL RESOURCES Metals W.A. ALUM. PRODUCTS PLC. NT Food/Drug Retailers and Wholesalers NT JULI PLC. NT ETF ’s Sector ETF LOTUS HALAL EQUITY ETF NT NEWGOLD EXCHANGE TRADED FUND NT VETIVA GRIFFIN 30 ETF NT

QUANTITY

52 WK HIGH

52 WK LOW

SHARES OUTSTANDING

EPS

MOV. (%)

74,488 1,444,640 66,411 163,454 251,300 100 572,185

4.80 2.50 69.00 3.38 1.76 8.59 3.50

0.50 0.61 18.97 1.23 0.58 7.36 1.83

486,473,856 1,500,000,000 956,701,192 980,000,000 1,925,717,268 153,786,012 100,000,000

0.58 0.24 3.07 0.09 0.00 0.00 0.00

-16.98 -6.47 0.00 -5.33 11.72 N/A N/A

1.59 3.40 44.00 1.50 1.28 6.32 2.23

37,000

0.96

0.50

2,960,000,000

0.11

0.00

0.50

100

0.50

2,941,789,472

0.00

N/A

0.50

0.91

4,966,666,668

0.00

N/A

0.91

400 100 5,460

18.70 2.94

13.12 2.07

108,000,000 492,825,600

0.00 0.03

N/A N/A

3.98 11.02 1.69

27,420 1,080

0.50 4.97

0.50 3.13

4,620,600,000 4,200,000,000

0.04 0.04

N/A N/A

0.50 3.39 NT NT NT 0.5

100

0.50

4,893,594,400

0.00

N/A

2,000 1,557,197 40,673 20,474 1,514,719 1,167,463 40,890 600 6,000 60 109,667 50,000 72,650

2.86 29.98 12.20 67.50 12.99 210.01 3.54 0.75 1.34

2.86 8.01 6.82 13.78 4.00 102.00 0.50 0.50 0.50

260,000,000 2,239,453,125 217,367,585 560,000,000 1,241,548,285 15,494,019,668 242,908,200 2,109,928,275 513,696,000

0.07 0.80 0.91 1.66 1.12 5.77 0.06 0.00 0.00

N/A 5.12 0.00 0.00 -10.10 -2.86 N/A N/A N/A

110.00 2.41 7.22

39.80 0.50 2.27

3,001,600,004 792,914,256 400,000,000

6.83 0.36 0.43

1.01 N/A N/A

2.72 21.50 11.24 41.00 11.68 175.00 0.76 0.50 0.50 10.93 99.00 1.33 4.25

100 220,132 100

2.00 2.39 0.73

2.00 1.20 0.50

510,396,608 2,220,000,000

0.05 0.19 0.00

N/A -4.62 N/A

2.09 1.73 0.50

NT 561 1,361 100 NT NT NT

3.98 5.94 13.18 13.28 3.60 1.86 0.63

3.98 1.71 9.04 12.68 1.60 1.05 0.63

N/A N/A

42,640,000 6,215,000,000 240,000,000 199,066,550

0.00 0.00 3.23 0.90 0.24 0.22 0.00

N/A #VALUE! N/A N/A

NT 1.52 37.32 11.48 NT NT 0.63

100 200 NT

8.69

8.26

265,409,280

0.00

N/A

0.14

2,918,000

0.00

N/A

25,000,000 683,974,528

7.46 0.15 0.14

10,000

9.35

5.68

393,120,000

0.76

-4.89

5.11

320 100

7.75 12.39

7.75 10.55

75,600,000 100,000,000

0.00 0.24

N/A N/A

7.75 10.43

100

0.50

4,058,989,226

0.01

N/A

0.50

NT 4,050

3.22 1.38

3.22 0.67

50,000,000 220,000,000

0.04 0.00

N/A N/A

NT 0.67

1,408,720

1.02

0.50

6,262,701,716

0.00

0.50

4,924,248

24.80

9.32

2,262,711,568

1.24

-3.40

15.90

10000 2,577,516 2,541,040 412,758 22,164 167,074 43,476

76.00 4.87 115.64 146.00 59.00 190.01

16.96 1.32 7.73 106.00 16.20 118.75

693,952,117 1,249,162,828 1,080,280,628 300,496,051 253,988,672 339,521,837

2.69 0.61 1.43 9.93 1.04 12.91

-2.74 -7.31 1.12 6.61 N/A 3.71

0.5 42.00 2.60 179.99 149.00 50.54 159.10

306,355

28,677,671

200

0.72

0.50

100

3.48

4,035,497,307

315.80

0.00

N/A

0.50

N/A

3.15

209,933

2.45

1.00

980,294,400

0.00

-8.33

0.84

2,572,000 3,000

5.10 3.45

2.19 0.73

589,496,310 198,819,763

0.52 0.00

-4.00 N/A

5.00 1.22

4,059,547

1.64

0.85

865,808,912

0.00

N/A

0.56

1,500

0.75

0.50

3,211,627,907

0.00

N/A

0.50

100 599,750 1,000 2,800

1.72 3.88 10.00

0.64 3.51 10.00

2,078,796,396

0.00

2.15

4.07 3.72 3.51 9.63

1,000

0.51

0.50

8,000,000,000

0.43

N/A

0.50

16500 224,498 20 20,800

3.09 2.78 5.77

1.39 2.52 3.00

771,450,000 425,641,111

0.00 0.00 0.61

N/A N/A -7.27

0.95 1.21 2.30 6.05

955,140

1.29

0.50

1,507,000,000

0.21

N/A

0.53

6 40,000,700

5.15 1.88

4.90 0.80

236,699,511 5,631,539,736

0.00 0.00

N/A N/A

4.43 0.5

111,000 246,274

5.90 8.81

1.27 5.08

634,000,000 1,230,468,750

0.50 0.43

N/A -5.17

2.08 5.03

189044

3.6

1.43

1.04

45,000,000

0.12

N/A

100

2.26

1.02

201,885,335

0.00

N/A

100000 1000

NT NT

0.60

30,000,000

0.00

N/A

0.50

24,898,850

0.00

N/A

NT NT

1.88

1.63

125,005,250

0.00

N/A

NT NT

NT NT 1,000

0.50

6,650,000

0.00

N/A

3.05

2.76

194,700,000

0.00

N/A

41 10

2,706

2,003

#VALUE! 49467

NT NT NT

A24 40

Business Courage

Monday, June 29, 2015

%& ! ( "$!" $& %

' "$!" $& % !$ %

0>.=4;?4:9 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0

-0/=::8 8,9>4:9 B4?3 >4??492 =: =::8> -0/=::8 2@0>? .3,70? =::8> -:D> <@,=?0=> >B488492 ;::7 -,=-0.@0 3@? ,9/ 2,?0 3:@>0 &* ,95@8, >:6:=: -@5, -

0/=::8 /0?,.30/ 3:@>0 B4?3 # 070.?=4. 2,?0 -:=03:70 >;,.0 1:= >B488492 ;::7 A,.,9? >?,?0 /4=0.?7D :;;:>4?0 2,80> A477,20> -@5, 8 17::=> :114.0 .:8;70C B4?3 , -,96492 3,77 -@47/492 >4??492 :9 ><8 09?=,7 @>490>> 4>?=4.? -@5, - ,>6492 $0>4/09?4,7 7,9/ 80,>@=492 ><8 6,?,8;0 -@5, 8 0/=::8 /0?,.30/ /@;70C :9

><8 -=,348 -/@77,34 =0>.09? :11 %:B0848: >:6:=: -@5, 8 ,>6492 0/=::8 /@;70C B4?3 ,77 =::8> 09>@4?0 >4??492 =::8> ,9/ -0/=::8 # ,9/ , 2090=,?:= 3:@>0 )@>0 -@5,

8 -0/=::8 -@92,7:B B4?3 >4??492 =::8> ,77 =::8> 09>@4?0 , 2,?0 3:@>0 ,9/ , .,= ;:=.3 >4??492 :9 ><8 )@>0 E:90 -@5, 8 ,>6492

@94?> :1 0/=::8 17,? >4??492 :9 8 7:92 @-B, 0C;=0>> -@5, 8 ,>6492 -0/=::8 /0?,.30/ 3:@>0 B4?3 >;,.4:@> 74A492 =::8> B077 1494>30/ >B488492 ;::7 &( >@=A0477,9.0 .,80=, 0?. ?3 A09@0 B,=48;, -@5, 8 9:> :1 -0/=8 17,?> 9: 7:.6 9:> ,?0 :@>0 :9 ><8 )@>0 -@5, 8

/849

0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 =0>0=A:4= :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0

National Mirror www.nationalmirroronline.net

!% "$!" $& % !$ %

0>.=4;?4:9 B,=03:@>0 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0

-0/=::8 1@77D /0?,.30/ /@;70C B4?3 ,77 =::8> 09>@4?0 ,9/ 2::/ >0.@=4?D >D>?08 4?D >.,;0 0>?,?0 )@8-, 4>?=4.? -@5, 8 ,>6492 -0/=::8 1@77D /0?,.30/ /@;70C B4?3 ,77 =::8> 09>@4?0 >B488492 ;::7 =::8 # ,9/ , ;09? 3:@>0 4?D >.,;0 0>?,?0 )@8-, 4>?=4.? -@5, 8 ,>6492 @94?> :1 -0/=::8 /@;70C0> B4?3 :90 =::8 # 0,.3 , ;=4A,?0 49-@47? 2,=,20 1:= .,=> >B488492 ;::7 6( 2090=,?:= ,9/ 6( 1:= -,.6 @; ,9/ , 7? B,?0= ;: -@5, 8 ;0= @94?

><8 $0>4/09?4,7 7,9/ B4?3 ! >:6:=: -@5, 8

9/@>?=4,7 B,=0 3:@>0> -,D> ,?,4 ?0=0 ),D @>349 !9 $0<@0>? -0/=::8> -@92,7:B >8,47 >?,?0 ,=D7,9/ !9 $0<@0>? 7:.6 :1 7@C@=D 17,?> -0/=::8> -0/=::8>

9/ A0 :B:9 >?,?0 ;,5, !9 $0<@0>?

-0/=::8 -@92,7:B >4??492 :9 ><8 -05@ 0664

8 0B7D =09:A,?0/ -0/=::8 /0?,.30/ 3:@>0 B4?3 # >4??492 :9 ><8 7,9/ ,;;, >?,?0 ,=D7,9/ 8 ,>6492

"!$& $ !'$& "$!" $& % !$ %

0>.=4;?4:9 :9 , ;7:? :1 7,9/ :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0 0>.=4;?4:9 :.,?4:9 "=4.0

-0/=::8 /@;70C =::8 < =:,/ .3,=70D :D ,=0, B,=48;, -@5, !9 $0<@0>? ><8 7,9/ 0349/ %30=,?:9 :?07 -@5, 8 ,>6492 ?,>?01@77D 1494>30/ 7@849@8 .@=?,49 B,770/ ,9/ >0=A4.0/ ;@=;:>0/ -@47? :114.0 .:8;70C >4??492 :9 8 E:90 )@>0 -@5, -

>?:=0D -@47/492 ,9/ ,

-@92,7:B

B4?3 :1 ! -, =:,/ -D >4:6;: >?=00? $@8@:8,>4 8 ,>6492

;7:?> :1 7,9/ B4?3 :1 ! =?4770=D @9.?4:9 -, =:,/

8 ,>6492 ;7:?> :1 7,9/ B4?3 :1 ! 0>4/0 4/074?D ,96 -D =?4770=D @> >?:; -, =:,/ 8 ,>6492

( $ !'% ! %" % &! & $ $ %'$ ' ABUJAÂ&#x2026;â&#x20AC;Ś

! " + &$ '% %% $ ' =:,/ >?=00? ,2:>

,=49, ,2:> ,?30/=,7 =4A0 9@2@

9:> :1 -0/=8 17,?> 9:

-0/=::8 17,? ;09?1::= 9:> -0/=::8 17,? -,>0809? 9:> -0/=::8 >4??492 :9 ><8 ,=64 =0, -@5, 8 '9/0A07:;0/ 7,9/ ;7:?> 80,>@=492 ><8 @>?4.0 'B,4> >:6:=: -@5, B,4> >:6:=: -@5, 8

' "%%' ' $(*' $ * " $ ' ') *" , + , *!

# " $ %$&'%& ') (") # " %# +++ $ %$&'%& ') (" # ) %# $

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Law & Justice nationalmirrorlaw@yahoo.com

“Living with a man and having children for him alone does not necessarily make a woman a wife of a man” Justice Dahiru Musdapher, former Chief Justice of Nigeria xx

Let’s adopt radical measures to tackle delay in justice delivery –Sowemimo 42

Lagos State Solicitor–General, Mr. Lawal Pedro (SAN)

Oyeyipo (SAN)

SAN, other lawyers justify why adoption laws are rigorous Despite the existence of several orphanage homes in the country, many prospective adoptive parents can hardly fulfill their lifelong desires of fostering children due to the complexities in the adoption laws and bureaucracies in the adoption procedures in some states of the federation. FRANCIS FAMOROTI writes.

How Tarka marched to prison, regained freedom 45

Dutch court orders govt to cut greenhouse gas emissions 46

r and Mrs Omowunmi (not real names) have been married for about 15 years without a child. Desirous of adopting a child, the couple visited a Lagos-based orphanage for information and steps to be followed in becoming adoptive parents. A female official of the home informed them that their first port of call in making their dream come true would be to visit the Ministry of Youth and Social Development, Block 7, Alausa, Ikeja, to obtain details of the guidelines for adopting and fostering children in the orphanage homes. On a visit to the Social Welfare unit of the Youth and Social Development Ministry, an official who was on hand was not helpful as she asked the couple to come back another day because the unit has put on hold the task of attending to prospective adopters. This official refused to answer further questions pertaining to information on the requirements to adopt a child. Mr. Omowunmi was obviously frustrated by the non-receptive attitude of the official of the unit. Like Mr. Omowunmi, many childless couple have been frus-

THE

GOVERNMENT DEPARTMENT WANTS TO BE SURE THAT PEOPLE WHO SEEK TO ADOPT THESE CHILDREN GENUINELY WILL LOVE THESE CHILDREN AS IF THEY WERE THEIR OWN BIOLOGICAL CHILDREN AND THEY WILL NOT TURN THESE CHILDREN INTO SOME OTHER OBJECTS AND SO IT HAS TO BE RIGOROUS, ON THAT POINT I CANNOT FAULT THE ADOPTION LAW trated by the complexities in the procedure of adopting a child in the country, especially in Lagos State. Indeed, Nigerian adoption laws are complex and vary from state to state. In essence, prospective adoptive parents, who intend to adopt a child, should first obtain information on adoption in individual states through the social welfare office where the adoption will take place. Suffice to say that the most current Lagos State Adoption Laws can be found in chapter A5, volume 1, of the revised edition of the laws of Lagos State, 2003. Hereinafter called (Adoption laws,

or ALLS). In the preamble to the law, the it provides “for the adoption of certain juveniles and for the purposes connected therewith”. The Adoption Laws of Lagos State was first formulated in 1968, under No. 14 of 1963 Cap. Laws of Lagos State. The adoption laws have undergone at least three other amendments since then. Furthermore, most of the adoption and child welfare laws of former western and some mid western states, including Ondo, Oyo, Osun, Ogun, Ekiti, and even Edo and Kwara states each borrowed extensively from the Adoption laws 1968 of Lagos State. Each of these states has since

modified her adoption laws in line with her cultural practices and indigenous local customs. The Adoption Laws of Lagos State (ALLS) applies to “adoption of certain juveniles under the age of 17 years, who are abandoned, or whose parents and other relatives are unknown or cannot be traced after due enquiry certified by a juvenile court.” In determining who can adopt, the law requires the adopting party to be not less than 25 yearrs. In a case of a joint adoption application, the law requires that at least one of the parties not be less than 25 years, and should be at least 21 years older than the juvenile. Consent seems to play a paramount and important role in the court granting an adoption order. The law further goes on to state in Sec 5(1)(a) that before making an adoption order, every consent required by Sec 4 of this law must be first obtained, and such a consenting party must understand the nature and effect of the adoption order for which the application is made. National Mirror in separate interviews in Lagos spoke with CONTINUED ON PAGE 44

Law & Justice

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Let’s adopt radical measures to tackle Seyi Sowemimo, a Senior Advocate of Nigeria, SAN, was called to the Nigerian Bar in 1978. He also obtained his postgraduate degree from the University of London. In this interview with WALE IGBINTADE, the lawyer with 37 years’ post-call experience, speaks on the contemporary issues in the legal profession, the award of senior advocates and delay in the justice administration, among others. Excerpts:

The Chief Justice of Nigeria, Justice Mahmud Muhammad, recently called on stakeholders to rid the legal profession of bad eggs in order to restore dignity to the profession. How relevant is this call? I think it is timely because cases of misconduct are on the increase and if nothing is done to check it immediate, it will be damaging for the profession. Fortunately, the Legal Practitioners’ Disciplinary Committee is quite active and it came out with a decision to disbar one of the senior advocates in person of one Mr. Kunle Kalejaye. The decision will help to send some signals to lawyers that it is important that they conduct themselves properly and professionally. So, the call is timely, one also hope that in discharging its responsibilities, the Legal Practitioners’ Privileges Committee will also ensure that those who have complaints against them are given fair hearing. In recent past, the Legal Practitioners Privileges Committee has intervened once or twice to caution and discipline senior members of the Bar. These actions have help to set right signals to members of the profession. A legal luminary, Chief Afe Babalola (SAN), has recommended that appointment of Senior Advocate of Nigeria should follow the practice in England where the title is awarded to all that are qualified for the rank yearly rather than choosing only out of the backlog of qualified lawyers. Do you share his view? I am prepared to support that position. All I will say is that the criteria for appointment should be made high enough to ensure that it is not all and sundry that can just qualify for the rank. They have to ensure that those appointed are seasoned advocates. They have to ensure that the system put in place are not open to manipulations. If the standards are high enough, then if all those that apply meet the criteria, they should all be appointed. What do you mean by the standard being high enough? What I mean is that that number of years that qualifies one to apply has to be looked into. The number of cases and the

Sowemimo (SAN)

AT THE COURT OF APPEAL LEVEL, WE NEED TO HAVE A SITUATION WHEREBY SENIOR LEGAL PRACTITIONERS ARE APPOINTED STRAIGHT FROM

BAR TO THE COURT OF APPEAL AND EVEN TO THE SUPREME COURT

THE PRACTISING

type of courts before whom the applicants have appeared are also important. I believe that those requirements should be high enough to ensure that those who are appointed help to maintain standard within the profession. Once those standards are high enough and they are able to meet them, then everybody that meets the standard can be appointed. If the criteria are not stringent, then you may not get the best in terms of quality of those appointed. Despite measures put in place, we still experience delays in the administration of justice. How do you address this problem? The question of delay is commonplace. It has been with us for a long time. The only thing is that people are paying greater

attention to it now especially in criminal cases. Today, people see that those who are corrupt are not being punished timeously as they would have expected. I think the problem also has to do with the fact that a lot of our judges are not seasoned judges. Many of them did not practice long enough before being appointed to the Bench. So, it’s when they get to the Bench that learning process comes about. Again, we have Rules of court, which are very open to abuse. So, when you have sensitive high- profile cases, you find out that those who conduct such cases will exploit the loopholes within the system. Unless something is done, these things will continue. For instance, you find that when an application is brought before a lower court

to quash charges or raise a preliminary objection against the charge and a ruling is delivered, one of the parties may appeal on the ruling of the court. Unless we have a situation in which application for stay of proceedings pending appeal are not granted, you find that such delays will continue. In a situation where the preliminary objection is challenging the jurisdiction of the court, should a court still continue to hear such matter? I think it’s one or two things. It is either we put in place a system whereby appeals on such issues are dealt with expeditiously and are given priority. The alternative may be that we let the trial continue and both the issue of jurisdiction and whatever issues that fall out of the trial can then go to the Court of Appeal. If a man is raising an issue of jurisdiction and once he appeals against your ruling you stay proceedings, the consequence of that is that for about three to five years when the matter is at the Court of Appeal, nothing would be done. Again, after Court of Appeal has determined the issue of jurisdiction, he may go to the Supreme Court. At the end of the

National Mirror www.nationalmirroronline.net

Law & Justice

Monday, June 29, 2015

delay in justice delivery –Sowemimo day, the issue of jurisdiction may have taken ten years without the court dealing with the substantive matter. So, the best thing would be that both jurisdictional issues and the substantive matter be dealt with at the lower court. Then, whatever appeal any of the parties wants to maintain should go to the higher court. There is also the possibility of establishing special courts at the trial level and at the Court of Appeal level. The Court of Appeal may have a criminal division whereby those justices will only concentrate on criminal cases. Other divisions can be dealing with the general civil appeals. Once litigants know that these appeals can be dealt with expeditiously, the temptation to exploit the loopholes will be reduced. You’ve just said some judges are not seasoned. So, what is your view on the appointment of judges? I think most judges should come from the practising Bar. What we have now is that many of the judges come from the ministries and other public institutions especially from the Ministry of Justice. I do not believe that those judges that come from the ministries have as much exposure as those from the practising Bar. If for instance, you are a private legal practitioner and a case takes you ten years to deal with, you find that it will impact on the financial return to you as a practitioner. But, if you are in the ministry of justice and a matter takes ten years, you will still get your remunerations. So, a judge from the ministry is not likely to be as sensitive to the issue of delay as somebody from the practising Bar. One is not saying there are no good materials in the ministries but what you find is that the appointment are skewed more towards those who come from the ministries and other administrative sectors than from the practising Bar. Even at the Court of Appeal level, we need to have a situation whereby senior legal practitioners are appointed straight from the practising Bar to the Court of Appeal and even to the Supreme Court. It should not necessarily be a process of promotion, which has been the practice in the past. We need to have such flexibility within our system. We must also look into the possibility of having recorders as in the case in United Kingdom or Associate Justices in which case, it will mean that private legal practitioners can be coopted on an ad-hoc basis to deal with court cases at the appellate level. It could be during the summer vacation or any other time within the year. Senior practitioners who are interested should be appointed as recorders and cases can be assigned to them to deal with in order to decongest the court. Senior legal practitioners, especially old members of the Inner Bar can be invited when you have important constitutional cases at the Supreme Court in which they are not involved. You can co-opt them as Associate Justices of the Supreme Court and they can help to deal with matters. Unless we begin to be more creative we will not be able to deal with this issue of delay. Even at the Supreme Court, I will not be surprised if there are appeals that are of ten years old that have not been heard. So, if you have such backlogs of cases and you don’t adopt radical measures

to address the issue the problem will still persist. Some of your colleagues have expressed preference for Alternative Dispute Resolution (ADR) mechanisms. Do you think this will address the problem of delay in the justice administration? I don’t think ADR is the way out. There are some types of disputes that can be settled by the ADR process. There are some disputes that are more complicated and need to go through a trial process. This delay is not confined to Nigerian courts alone, although we are justified when we complain of delay. All we have to do is to continue to appeal to our judges particularly the judges at the high courts to be more industrious in performing their functions. I think that some judges could handle matters more speedily than they do at present. We need to appeal to judges at the trial courts for some increased productivity and that those who are appointed to the Bench should be seasoned practitioners. Most especially, those who are appointed to the Bench should be people from the Bar, people who have active practice. With that sort of background and experience they can perform more efficiently at the high court level. It is a different thing when you have someone who is coming from the practising Bar and somebody who is coming from the ministry or other places. Those coming from the ministry are not well exposed to the rigours of the trial process. You find that the output differs depending on where they are coming from. Not enough lawyers are being appointed from the practising Bar. Most of the people being appointed are either from the ministry or the magisterial Bench and other administrative positions. Naturally, it takes them time to come to grip with the duties they need to perform at the high court level. That is partly what is contributing to delay in our courts. They are not appointing the right calibre of professionals to man the high court Bench. A country like England is doing so well because for people to go to high court Bench, they pick them from the rank of Queen’s Counsel which is the equivalent of Senior Advocates that we have in Nigeria. These are people who have reached the peak of their professional career. They have distinguished themselves at the Bar. They are the cream of the Bar and by the time you put them on the high court Bench, they are very much at home with what they are doing. They are very experienced professionals but what we have in most cases is that people who are yet to make a mark are appointed to the Bench and that reflect on the work they do. Most car parks in the Lagos High Court premises have been occupied by impounded vehicles and those levied by execution. How do you think this could be addressed? The impression I had was that some land had been acquired where these items are being kept. Certainly, it is not ideal for you to have the court premises occupied by these items. Matters that have to do with execution should be given speedy hearing. Once, the court has been informed that execution has been levied; there should be

UNLESS WE BEGIN TO BE MORE CREATIVE WE WILL NOT BE ABLE TO DEAL WITH THIS ISSUE OF DELAY.

EVEN AT THE SUPREME COURT, I

WILL NOT BE SURPRISED IF THERE ARE APPEALS THAT ARE OF TEN YEARS OLD THAT HAVE NOT BEEN HEARD time limit within which the matter should be disposed so that these goods are not wasted. For instance, a car laying idle at the high court premises for about three years, you will discover that by the time you conclude the matter, the cars may not worth much and the value will be so diminished. Even if you were to sell it, you will find that it will not be of help to any of the parties. I think everything has to do with delay that we have been talking about. There should be timelines in respect of different matters. Just recently, about 46 Bills were passed into law within 10 minutes by the 7th National Assembly. How do you see this? Well, I am happy that those laws have been passed. I only hope that they have complied with processes. What I disagree with is that it took them so long for them to pass the laws. They waited until the dying

minutes of the life of the 7th national assembly. I don’t think 10 minutes will allow for proper debates. One of the laws they passed was the Whistle Blowers Act that will enable people to pass-on information to anti-corruption agencies, so I am happy they passed the laws. What are you expectations from the 8th National Assembly? We hope the 8th National Assembly will not wait until the last minutes before dealing with bills pending in that Assembly. I hope with the public perception of President Buhari and the public clamour for change, the future is bound to be brighter in terms of governance in this country. So, I am expecting members of the 8th National Assembly to be more diligent in carrying out their duties.

Law & Justice

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

‘Some govt officials often demand money from prospective adopters’ CONTINUED FROM PAGE 41 some lawyers who expressed divergent views on the issue. Mr. Adetunji Oyeyipo, SAN disagreed with the suggestion that the adoption law in Nigeria is too cumbersome. According to him, ‘’I do you share this view. You see, we have to consider two things, the African society actually has its own mechanism for taking care of children who don’t have their biological parents with them anymore or with children whose biological parents are unable to look after them or even couples who for some reasons are not able to have children of their own. Oyeyipo explained further that ‘’I am not a particularly old person but, when I was growing up there was a time I didn’t even know the number of children that my parents had because I grew up with cousins, distant cousins, near cousins even children of friends and other people referred to as houseboys or house helps who somehow become integrated into the family. So, adoption in the way the English man has it is rather alien to our culture but then as our culture continues to develop and we began to have the influx of European or western cultural norms into our system, we became confused. He said ‘Let us go back now to the issue of adoption law, we now have something that is alien to us but, you know you have to have all these things in place to prevent an abuse of the adoption system. You want to be sure that people who seek to adopt these children genuinely will love these children as if they were their own biological children. You want to be sure that they will not turn these children into some other objects and so it has to be rigorous, on that point I cannot fault the adoption law.’’. A former Second Vice-President of the Nigerian Bar Association, NBA, Mr. Adekunle Ojo, spoke in the same vein. He said

Taiwo

Ojo

THE PROCESS OF ADOPTING A CHILD IS TOO CUMBERSOME AND THERE ARE TOO

MANY PAPER WORKS.

THE PROCEDURE HAS BEEN BASTARDISED, SOME GOVERNMENT OFFICIALS EVEN DEMAND FOR MONEY BEFORE THEY PROCESS THE PAPERS that for every process there must be steps and those steps should not be circumvented because of people who appeared to be in hurry. Querying how long it took the adopters to get a child adopted between when application was under process and when

Lawyer and honest man

Bar

Jokes Lawyer with business cards

An airliner was having engine trouble, and the pilot instructed the cabin crew to have the passengers take their seats and get prepared for an emergency landing. A few minutes later, the pilot asked the flight attendants if everyone was buckled in and ready. “All set back here, Captain,” came the reply, “except one lawyer who is still going around passing out business cards.”

A woman and her little girl were visiting the grave of the little girl’s grandmother. On their way through the cemetery back to the car, the little girl asked, “Mommy, do they ever bury two people in the same grave?” “Of course not, dear.” replied the mother, “Why would you think that?” “The tombstone back there said ‘Here lies a lawyer and an honest man.’”

Only two bullets

You find yourself stuck in a hole with a murderer, a rapist, and a lawyer. You’re armed but you only have two bullets left, what do you do?.

Witness’s testimony

A witness to an automobile accident was testifying. The following exchange took Two prisoners are talking about their place between the lawyer and the witness: crimes: The lawyer: “Did you actually see the George: “I robbed a bank, and they gave accident?” me 20 years” The witness: “Yes, sir.” Herman: “Hmm. I killed a man, and I’m The lawyer: “How far away were you here for 3 days” when the accident happened?” George: “*WHAT* I rob a bank and get 20 The witness: “Thirty-one feet, six and one years; you kill a man and get 3 days” quarter inches.” Herman: “Yeah, it was a lawyer.” Culled from Cool Funny Jokes: Lawyer

Get away with murder

the child was eventually handed over to them, Ojo said the duration could not be determined by the desires of the adopters rather it would be determined by the welfare officers that are attending to the matter. He said “this time around child abuse is rampant; parents at times abuse their children so there are several things to be considered to take precaution before an orphan will stay with a total stranger. Besides, there is a need to check the suitability of the man who wants to adopt, such like his accommodation and his place of work. “A man who wants to adopt will not look at the stringent conditions because if the conditions are not stringent, we will not be able to curtail the aftermath effect of the child abuse”. “I think the way it is now will allow the welfare officers to determine certain things if the extortion is involved I don’t think that is good enough but a situation where to ensure that the right thing is done for the children and the proper monitoring is done to those orphanage homes the condition cannot be soft but can only even be stringent than what we have now”. He added. Mr. Oyetunji Badmus supported Ojo’s position. He said that there are instances where people go to the orphanage home to

adopt children and use them for whatever they wanted without taking care of them. “I think anyone who wants to go for child adoption should follow the laid down procedure of the Child Right Law and Family Court Rules. Such person will go before a magistrate to be interviewed to know where he works, his pedigree, and where the child is being taken to so that every child in Nigeria or in Lagos for example, will be traceable to whoever adopted the child”. “Formerly, anybody can just go to an orphanage home and adopt a child with just little process and such child cannot be traceable but now we are sure that if a child is being taken from an orphanage home such child would be traceable to a particular place”. But the Second Vice-President of the NBA, Mr. Taiwo Taiwo however differed on the issue as he observed that ‘’What I have discovered in this country is that, the process of adopting a child is too cumbersome and there are too many paper works. He argued that ‘’I believe that when it comes to adoption, it ought to be simplified in the interest of that child, who needs a home and not an orphanage. By they are through with the paperwork the child is already seven years old or more. He is now conscious of his surroundings. But, a situation where procedures for adoption are simplified, these little kids can be adopted at seven to eight months or one year and be with the family that genuinely seek to adopt them. I have heard from orphanages homes what they go through before they can get a child adopted by people who really need them. If there is a law that permits adoption, then we should simplify the process for adoption. Taiwo said ‘’The procedure has been bastardised, some government officials even demand for money before they process the papers. They forget that the interests of the children are paramount. Nobody wants to leave in an orphanage; everybody wants to live in the comfortable of a home. The constitution and laws of Nigeria supports child adoption in order to give succour to married couples who could not give birth to children. ‘’

LEGAL TIPS Law and Juvenile Offenders *A juvenile is a child or young person between the ages of 1 and 17 years, who under the law may be handled for an offence in a manner different for an adult. *A Juvenile offender is a child or young person who is alleged to have committed or has been found to have committed an offence. The categories of Juvenile Offenders Those under 7 years of age are Infants. Those between the ages of 7 and 14 are Children. Those between the ages of 15 and 17 are

young adults. Law governing juvenile offenders The Laws governing juvenile offenders are the Criminal Code, the Criminal Procedure Law, the Children and Young Persons Law (CYPL) and the Children and Young Persons Act (CYPA). CYPL *While the Criminal Code defines a child as anyone under 12 years of age, CYPL defines a child as a person less than 14 years. Criminal Responsibility Under the Criminal Code:

*A Child under seven (7) years of age is not criminally responsible for any act or omission. *A Child above seven (7) years of age but below 12 years is presumed incapable of crime unless it is shown that he /she was capable of knowing that the act was wrong. *A male child under 12 years of age may not be tired for rape or defilement but may be tried and convicted for indecent assault which is a lesser offence. We welcome feedback and reactions from readers via our e-mail: nationalmirrorlaw@yahoo.com

National Mirror www.nationalmirroronline.net

Law & Justice

Monday, June 29, 2015

How Tarka marched to prison, regained freedom Joseph Sarwuan Tarka was a Senator in the National Assembly between 1979 and 1980. About 51 years ago, he was convicted for abusing the reverred Sardauna of Sokoto, Sir Ahmadu Bello, in the first republic. Tarka later served as a Federal Commissioner in Gen. Yakubu Gowon’s cabinet and he eventually resigned over scandalous allegation of corruption. FRANCIS FAMOROTI, Head, Judiciary reports.

FAMOUS CASES

he late Joseph Tarka was a Second Republic politician. He hailed from Benue State and was a Former Minister for Transport and then Communications under General Yakubu Gowon. He was one of the founding members of a political organisation, United Middle Belt Congress (UMBC), dedicated to the protection of advocate for the country’s Middle Belt. Tarka was known to have exerted considerable influence in the Middle Belt and he advocated for a separate region for area from the Northern part of the country. His uncompromising stance made him and some of his supporters to kick against the Sardauna of Sokoto-led Northern Peoples’ Congress (NPC). Tarka was elected to a seat in the Federal House of Representative in 1954 on a non-party basis, at age 22. In 1957, he emerged as president of the UMBC, which formed an alliance with the Action Group, the dominant South West party. Tarka was re-elected in 1959. His reelection saw him as the first Tiv legislator to be re-elected for a second term. It was believed that he attained this feat in part due to his charisma, his father’s reputation and the goodwill he received from the Tiv Progressive Union. He was arrested in 1962 on charges of treasonable felony with some other Action Group leaders, but was acquitted for lack of evidence. His style of politicking in December 1964 led to his arrest for allegedly abusing the Sardauna. He was also accused of inciting one Mallam Bala Amma to beat up the leader of NPC in Makurdi zone. According to a Daily Times publication, the Headlines in its No 233 September 1992 edition, Tarka was said to have been arrested in Gboko for the alleged offence. He was subsequently arraigned before the Gboko Magistrate’s Court and tried. During the hearing of the case, the prosecution witness, Mallam Bala told the court that Tarka abused the Sardauna on the day of the incident and asked a man to assault him in a market place. Cross-examined by the defence, Bala said he did not conspire with anyone to implicate Tarka and thereby rendered him incapable of campaign for the 1964 December elections. In his judgement, the Magistrate, Mallam Umar Ibrahim, ruled that there was sufficient evidence to establish that Tarka committed the offence. The magistrate sentenced Tarka to four months imprisonment without an option of fine. Tarka appealed against the verdict and pleaded to be granted

Tarka

General Gowon (rtd)

AS MINISTER OF COMMUNICATIONS, TARKA WAS FORCED TO RESIGN IN 1974 AFTER AN ALLEGATION OF CORRUPTION WAS LEVELLED AGAINST HIM, WHICH WAS MADE PUBLIC AND BACKED BY A SWORN AFFIDAVIT

bail. The court refused his plea and clamped him to Kaduna prison. Tarka eventually regained his freedom and remained a strong force to reckon with in Middle Belt comprising the present day Benue and Plateau States. After General Yakubu Gowon took over the reign of leadership as the Head of State in August 1966, Tarka was appointed the Federal Commissioner of Transport and later of Communications. As Minister of Communications, he was forced to resign in 1974 after an allegation of corruption was levelled against him, which was made public and backed by a sworn affidavit. Though, there was no government sanction or official inquiry to the allegations, at the time, Tarka remained the first but one of the earliest federal ministers to resign over allegations of corruption. The allegation of corruption was widely acclaimed to have been made by his fellow-Tiv , Godwin Daboh. Daboh’s action was allegedly instigated by other prominent elements in the region. This was the period when the catch phrase in some of the leading national dallies in the mid -70s was ‘’If you

Tarka me, I will Daboh’’. After leaving office, Tarka entered private business and was quite successful sometimes acting as a representative of foreign business concerns. In the lead-up to restoration of democracy with the Nigerian Second Republic, Tarka aligned with northern politicians to form the National Party of Nigeria, on which platform he unsuccessfully competed in the Presidential elections. Born on July 10, 1932 in Gboko, his father was a village teacher and administrator. After his elementary, middle school and teacher training course in Bauchi, he also became a teacher in his home town. Tarka then worked as a science and rural science teacher in Katsina Ala and for the Tiv Native Authority. Before taking a purge into politics, he was involved in the establishment of the teachers union in Middle Belt. He was elected Senator for Benue East in 1979, and was appointed chairman of the Senate Committee on Finance and Appropriation, a position he held till his death on March 30, 1980 at the age of 48.

Daboh

Law & Justice

German court cancels trial of 94–years–old Auschwitz medic

German Chancellor, Angela Merkel

chambers from Aug. 15, 1944-Sept. 14, 1944. He reportedly was a member of an SS paramilitary unit at the time. A spokesman for the prosecution, Stefan Urbanek, told SVZ that there also is “evidence that the defendant could stand trial.” The state of Mecklenburg-Western Pomerania reportedly has investigated an additional 15 cases over the past two decades, but never brought any of them to trial due to a lack of evidence of personal involvement in crimes, according to reports.

Group holds first digital conference WALE IGBINTADE

Legal professional network, Thelearnedfriends. com, is to hold her maiden edition of the E-Legal Conference 2015. The conference is scheduled to hold on July 9, 2015, at the Metropolitan Club, Kofo Abayomi, Victoria Island, Lagos. The theme for this year’s conference is ‘’Tomorrow’s Legal’’ and the primary objective is to provide thought leadership for the Legal industry on ICT solutions. Key players in the ICT and Legal industry from around the world will enlighten delegates on the latest enabling tools and software developed for today’s Law Practice. Expert speakers include but not limited to Mark Slade, British CEO Ringier Digital Marketing; Senibo Bara-Hart Legal Adviser, Samsung - West Africa and Azubuike Ezenwoke, Dean-Student Affairs, Covenant University. Barrister Alex Mouka, chairman of the Nigerian Bar Association

(NBA) Lagos branch will inaugurate the conference as the keynote speaker. Those expected to participate in the E-Legal conference include Policy and legal professionals, paralegal professionals and ICT professionals. TheLearnedFriends.com is an online news aggregator and social media platform focused on showcasing technological innovations in the Legal Sector.

National Mirror www.nationalmirroronline.net

Dutch court orders govt to cut greenhouse gas emissions THE NETHERLANDS

BERLIN

German court will not put on trial a 94-year-old man who was charged as an accomplice in thousands of murders at Auschwitz, saying he was mentally unfit to stand trial. The district court of Neubrandenburg announced the decision in the case of Hubert Z., a medic at the concentration camp. The defendant suffers from dementia, the court found, and his mental state is worsening with no chance of improvement. Hubert Z. had been charged as an accomplice in the murders of 3,681 people in the Auschwitz gas

Monday, June 29, 2015

n a sweeping victory for environmental activists that could have global repercussions, a Dutch court has ordered its government to cut the country’s greenhouse gas emissions by at least 25 percent by 2020 to help fight global warming. The ruling by The Hague District Court could lay the foundations for similar cases around the world, said the director of Urgenda, the organisation that took the government to court on behalf of 900 Dutch citizens. According to Associated Press, climate activists in the packed courtroom clapped and cheered as Presiding Judge Hans Hofhuis read the ruling, which Greenpeace called “a game-changer in the fight against climate change.” The ruling came in the same month that Pope Francis released a massive encyclical on the envi-

ronment urging nations to quickly overhaul their economies to cut emissions and save the Earth. The Dutch plaintiffs argued and the court agreed that the government has a legal obligation to protect its people against looming dangers, including the effects of climate change on this low-lying country. Large swaths of the Netherlands are below sea level and vulnerable to rising sea levels blamed on global warming. “This is a great victory. The judge said exactly what we wanted and had the courage and wisdom to say to the government ‘you have a duty of care toward your citizens,’” said Marjan Minnesma, the director of Urgenda. But, The Dutch government, which can appeal, said it was studying the ruling. Environment Minister Wilma Mansveld said the government and Urgenda “share the same goal. We just hold different opinions regard-

ICC building at The Hague, Netherlands

ing the manner in which to attain this goal.” Mansveld said the Dutch are working toward European Union greenhouse targets cutting emissions by at least 20 percent by 2020, compared with benchmark 1990 levels.

Espionage: North Korean court sentences two Seoul spies for life NORTH KOREA

North Korean court has sentenced two South Koreans to a lifetime of hard labour for spying on the secretive kingdom. A report by ABC says that Kim Kuk-gi and Choe Chun-gil were convicted of conspiracy to overturn the state, espionage and illegal entry and of working under the control of the US and South Korean governments. “The crimes of the spies of the puppet intelligence agency prove that the United States and the puppet South are the masterminds of political terror and kingpins of trickery and show what miserable plight awaits those who conspire with them,” the report said. The defence counsel requested leniency after the prosecution

North Korean leader Kim Jong-Un

sought the death penalty, it added. South Korea’s unification ministry voiced “strong” regret over the North’s decision to hand down the “grave” punishment, according to the Yonhap news agency.

“We call for the North to immediately free and repatriate the detainees. The government will do its best to bring them back home,” the ministry added. When the North announced the arrest of Kim and Choe in March, branded them “heinous terrorists.” At a press conference held in the North, Kim and Choe said that they were bribed by a senior agent from Seoul’s spy agency to collect information on the communist nation and criticise its system, although it was widely thought that they had been coerced into making this statement. In addition to Kim and Choe, Pyongyang is holding a South Korean man with a US green card who was a student at New York University and a South Korean missionary.

I shook uncontrollably –Odum

t was a memorable day for me in 2010 shortly when I was called to the Nigerian bar, I never prepared to appear alone because I was supposed

to appear with my principal, but he called to say he was held up in traffic so I had to take the bull by the horn. The matter was before Magistrate Bola Folarin-Williams then sitting at the Ogudu Magistrate District. It was a civil matter, there was a dispute between a landlord and his tenant and I was to represent the landlord so, as soon as my case was called, I was shaking uncontrollably even as I announced my appearance before the court. She

smiled and asked if I was a new wig? I said yes. She said, you are welcome to the bar! With the assistant of the senior colleagues who sat beside me I was able to address the court for the purpose of being there and fortunately the decision of the court favoured my client. I was very happy when I came out of the court, since then I have gotten boldness to appear before any judge and present my matter very well.

Angela Odum

National Mirror www.nationalmirroronline.net

OLA OLATAWURA I .INTRODUCTION aving personally studied the grand corruption problem for close to two decades, I reassert that it is actually possible to root out corruption cum ruination within a few short years, thereby taking the country back to the vision of the founding fathers. Previously, this and similar claims of eliminating corruption were countered as naïve, silly, or mad. Interestingly, President Muhammadu Buhari, secured his exhilarating mandate in the tension soaked March 28, 2015 Presidential Election with the seemingly ‘wild’ promise to stop the corruption rot. In his campaign declaration speech he decried the situation where: “It is only in Nigeria that corruption is not stealing.” This remark remains evergreen. Similarly, Vice President Yemi Osinbajo, is well regarded for his scholarly publications on anti-corruption, several which predate the first Nigerian dedicated statute. In order to capture the adverse severity of the corruption of the period and find a permanent solution, we must, as we all usually come back to do, embrace Mallam Adamu Ciroma’s conceptualisation of “ruination” being mislabelled as “corruption” as the being the real threat to Nigeria’s stability and growth, democracy, as well as the present Buhari – Osinbajo Presidency. Although the fight against corruption was alarmingly not itemized as one of the listed priorities in the Presidential Inauguration Speech, as Malam Adamu Ciroma later assures, there is no cause for fear, because ‘hatred of corruption is in the President’s genes’. News reports of the Presidential duo already indicate and point to personal conduct examples as signposting measures. In view of disturbing and lurid

Law & Justice

Monday, June 29, 2015

Combating corruption from 2015 evidence of a decade of corrupt practice, the next part provides suggestions or steps the Presidency needs to endorse or take to prevent the certain disaster lying ahead with dallying with ruination. II.RECOMMENDATIONS In additional to measures being contemplated to be implemented by the regime, the following strategic recommendations on probes, appointments, law reform, prosecution of incumbent governors, etc, are identified as valid new ways and means of combatting corruption by legal process in Nigeria. 1. The 1999 Constitution in section 15 (5) expressly states that the government shall abolish corruption practices. As a result, there technically should be no slow down to measures to root out corruption nor should the Federation be corruption tolerant. In the face of evident corruption in the past regime, it is within the President’s power, but more importantly, his prime duty to probe activities and individuals, whether at a sectorial level (eg Petroleum, Finance, Defence) or at a broader level. Probes, being more factual, will enable the interested incumbent understand how to abolish corrupt practices that stifle a sector and thereby prevent the evident effects of the increasingly sophisticated grand corruption on national security, sectarianism, public order, safety and massive poverty. Corruption may be positioned as a war on the Nigerian state. In commencing the duty to fight corruption, a principled pending task, in the light of section 15 (5), is for the President to direct the administrative cum ministerial review,

and if necessary, judicial determination, of the controversial clemency or pardon granted to convicted corrupt public officers, and the legality of plea bargain obtained in corruption trials. Only if the President, the combined symbol of the values of state and Commander-in-Chief neuters the corrupt through illegalisation measures, seizing assets, prevent or remove the corrupt from future public office, and promote virtues of public and national life, will good governance and Nigeria be secure. 2. The saying what is good for the goose is good for the gander applies. If the President and his team do not pursue the corrupt evident in the past regime there will justifiably be pragmatic strategic resistance from major forces within his party to prevent corruption in this regime. If the regime achieves substantial success in preventing corruption, it must realize that those corruptly enriched by past regimes will have more resources to fight his regime, get allies, and ultimately defeat the party in the next elections. Corruption will then return with a vengeance. 3. There is now more legal authority for the present Buhari government to fight corruption than previously. Agencies have been created at the domestic level and are being supported by foreign governments. Interestingly, international law applicable to Nigeria now back actions against national and transnational corruption. There are also more countries ready to fully practically support Nigeria’s anti-corruption drive. The effect is that the present regime has no excuses for failing to successfully combat corruption. In this context, Nigeria should consider the following policy actions: insert

anti-corruption measures and penalties in bilateral investment and economic development treaties, reward and honor countries who assist Nigeria to fight the menace of corruption, and blacklist countries who support official corruption from trading, commercial, and investment opportunities. 4. With regard to immunity, the present regime will be legally right to take the position that there is no immunity for corruption. It will therefore be right to challenge claims of immunity by the President or Governors. In other words, the President may declare that the regime, including its agencies, will not recognize immunity for corruption and related economic and financial crimes. The truth, fully recently explained elsewhere, is that in the context of the topic, section 308 of the Constitution (1999) only gives immunity of prosecution for acts done before the assumption of office by the President or the Governor. Therefore, the section is currently erroneously misinterpreted. Implementing the view requires no doubt some public relations at the political level, particularly with governors of opposition parties. The Buhari – Osinbajo Presidency can stage a coup of sort, if it gets all incumbent Governors to reject immunity for corruption, but are assured of new provisions in the existing ICPC Act recognising and protecting honest or good faith endeavours during their term in office. Dr. Olatawura, of Goldmann Lagos Transnational Lawyers, Abuja delivered this paper at a Seminar organised by the Adamu Ciroma’s Friends of Development of Nigeria in Abuja recently. TO BE CONTINUED NEXT WEEK

EVENT

L-R: Lagos State DPP, Mrs. Idowu Alakija; Lagos High Court judges, Justice Sedotan Ogunsanya and Justice Kudirat Jose during a visit to Ikoyi prisons in Lagos, recently.

L-R: Justice Oluwatoyin Ipaye; Chief Judge, Justice Funmilayo Atilade and Controller of Prisons, Lagos State Command, Mr. Vincent Ubi.

Chief Judge of Lagos State, Justice Atilade receiving gift of some items produced by inmates of the prison.

Chief Judge, Hon. Justice Atilade (4th left); Controller of Prisons, Lagos State Command, Mr. Ubi (3rd left) and other officials.

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

Community Mirror Naira will continue to deprecite when all we do as a people is to import eveerythimg from ordinary geisha and toothpicks to even eggs. Central Bank Governor – Godwin Emefiele

Community demands equal treatment from govt WILLIAMS ATTAH, GOMBE

eople of Balanga Local Government Area of Gombe State has called on the government under Dr. Ibrahim Hassan Dankwambo to ensure equal treatment of all communities especially in provision of infrastructural facilities. This call was made by chairman of the Peoples Democratic Party (PDP) in the local government area when he led other top party stalwarts from the local government area on a courtesy visit to the Deputy Governor, Charles Iliya. Chairman of the party, Alhaji Ibrahim Adamu Koraw, who described the team as pioneers of PDP in the LGA and who must be recognized and applauded for the enormous role they played in ensuring

People buying pineaples at railway fruit market in Kaduna, yesterday.

PDP’s victory, said Balanga has consistently supported the PDP since 1999. He pleaded for construction of many roads in the local government that has

made the affected communities un-accessible. Alhaji Haladu Baushe Galadima, a PDP elder in Balanga told the Deputy Governor that

PHOTO: NAN

he was a Deputy to the entire people of the State as such must not discriminate against any community to favour his own. He should accord equal

treatment to the communities. The Community however thanked Dankwambo for appointing one of its own, Mr. James Pisagih, as the Acting Secretary to the State Government (SSG). In his response, the State Deputy Governor, Honourable Charles Iliya said the State Government was trying its best to meet the needs of the various communities across the state and emphasized that appointments cannot reach all and should not always be expected as this was not available enough to reach the entire citizenry. He called on them to educate their communities that most needs of all communities revolves around hospitals, schools, roads and others which the Government is tirelessly working on despite the lean allocation from the Federation Account.

Report policemen extorting okada riders –Ondo CP OJO OYEWAMIDE AKURE

ndo State Police Commissioner, Isaac Eke, has called on people of the state to report any policeman who extorts them to the nearest police station. Eke said the command would continue to work harmoniously with everybody in the state to ensure that peace reigns supreme. He denied allegation by members of the Amalgamated Commercial Motorcycle Riders Association of Nigeria, ACOMORA, in Ondo State that some men of the command were fond of extorting them. The association had last week protested alleged extortion on a daily basis by policemen from Ijapo Division in the state capital. Eke, who spoke with journalists yesterday Akure, said the last weekend’s crisis between the two parties was caused by a brawl that ensued between a policemen on duty and Okada riders at Oke Ijebu area of the state capital. The Commissioner said: “A policemen attached to Ijapo police station had a brawl with the commercial motorcyclists over an obstruction of duty. The policemen were on official duty when an ‘okada’ man obstructed them on

their way. “In the course of the melee occasioned by the brawl, the okada man sustained injury as a policeman was applying minimum

force to bring him to the police station. “Later the Area Commander, Akure, Edward Ajogun immediately prevailed over the matter

and appealed to them and they were dispersed . “To further consolidate the peace accord, he invited all the parties involved in the imbroglio

where amicable settlement was finally reached and all parties went on their various ways satisfied. So the issue of extortion did not rise at all.”

NEMA commences evacuation of blocked drainages, canals in Imo CHRIS NJOKU

ational Emergency Management Agency (NEMA) in collaboration with corps members in Imo, under Emergency Management Vanguard (EMV) has commenced evacuation of debris from major drainages and canals in Owerri metropolis to avert flooding in some parts of the state. Coordinator of NEMA, Owerri operation officer, Dr. Innocent Ezeaku, who led the team, said the agency was only concerned of the likely incident of flooding in some parts of the state. He said the only way to avert the likely occurrence of flooding in the near future was to open all exiting water channels. “The exiting water channels only needed to be opened and cleared of refuse to accommodate sufficient volume of flood waters in the coming days’, he

said. Ezeaku blamed some of the flood incidences recorded in the state on blockage of drainages by sand and refuse and advised people residing within the flood prone areas to relocate to safer

places until the rainy season is over. He also urged the people to always abide by environmental regulations. “We should all abide by the principles guarding the environment and equally stick to

early warning measures”, he said. The NEMA coordinator however, advocated for strict enforcement of monthly sanitation exercise in the state, adding that it will go a long way in flood control.

Hoodlums destroy MDGs community water project WALE IBRAHIM LOKOJA

he N70 million Millennium Development Goals (MDG) community surface water project in Egume, Dekina Local Government of Kogi State has been vandalized by unidentified hoodlums. National President of EgumeOme Descendants Union (EODU), Mr. Joseph Ochalifu, disclosed this while briefing newsmen after inspection of the vandalized engine room of the water project yesterday in Egume. Ochalifu decried the action

of hoodlums who on Sunday night invaded the engine room at River Adale and destroyed major components of the engine and accessories without taking anything away. He noted that the intension of the perpetrators was to incapacitate N70 million water project and stop it from pumping water to members of the community saying that their action was anti-development, inhuman and excessively wicked. The community leader said the development was capable of retarding the progress of the community as a people more so that the surface water project

was sited there to alleviate the suffering of the people. He urged the Vandals to change and think of how to develop the area rather than “destroying a project that is of immense benefit to the community and discouraging government from providing basic needs of the people.” Ochalifu expressed concern over resurgence of criminal activities in the area which according to him is capable of destroying the community entirely. He urged the police and other security agencies in the area to intensify efforts at bringing the culprits to book.

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

World News

Debt crisis: Greek banks feel the pain Afolabi Gambari,

Iranian nuclear talks are set to go on beyond tomorrow’s formal deadline for a deal, a senior US official said yesterday. The admission came as Iran’s Foreign Minister Mohammed Javad Zarif prepared to fly back to Tehran from Vienna, Austria, where talks are taking place. Observers said Zarif probably needed to seek guidance over a stumbling block in negotiations, how much access Tehran will grant to nuclear monitors. The negotiations aim to see limits placed on Tehran’s nuclear programme in exchange for international sanctions on Iran. The so-called P5+1 - the US, UK, France, China and Russia plus Germany-want to limit Iran’s sensitive nuclear activities to ensure that it could not build a nuclear weapon quickly.

WITH AGENCY REPORT

reek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras said yesterday. Tsipras, however, assured that the deposits were safe after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks. Greece is due to make a 1.6bn (£1.1bn) payment to the International Monetary Fund (IMF) tomorrow, the same day that its current bailout expires. Tsipras did not give details of how long banks would stay shut, or exactly what controls on capital would be imposed. It means the government will put limits on the amount of money individuals and businesses can withdraw or transfer. It is likely that the amount of money individuals can withdraw from ATMS will be limited, with some reports suggesting a 60 (£42;

Customers queuing in front of a bank in Athens, yesterday

$66) daily limit. Overseas transfers of cash are also likely to be restricted, as well as cheque and credit card transactions. Eurozone finance ministers blamed Greece for breaking off the talks, and the European

Commission took the unusual step on Sunday of publishing proposals by European creditors that it said were on the table at the time. But Greece described creditors’ terms as “not viable”, and asked for an extension of its current

deal until after the vote was completed. “I am awaiting their immediate response to a fundamental request of democracy,” the PM said. The announcement comes after a particularly turbulent few days for Greece.

Islamic State (IS). He said army reservists would be deployed to tourist sites. About 80 mosques accused of inciting violence would be closed within a week, he added.

Friday’s attack was the deadliest in Tunisia’s recent history. In March, militants killed 22 people, mainly foreigners, at the Bardo museum in the capital Tunis.

“Sousse will never die!” the crowds chanted. “The victims are my brothers and sisters in humanity,” one protester, Karima Benhajj, said in tears.

Sousse residents denounce attack

eople in the Tunisian resort town of Sousse yesterday held a march to denounce the attack in which at least 38 people, most of them tourists, were killed by a gunman on a nearby beach on Friday. The crowds, who gathered at a hotel also targeted by the attacker, also marched through the town expressing sympathy with relatives of the victims, 15 of whom were British. Tunisia’s PM Habib Essid announced a security clampdown after the attack claimed by

WORLD BULLETIN Negotiators shift Iran talks

‘Kuwait mosque bomber was Saudi’

uwait said yesterday that the attacker who carried out Friday’s suicide bombing at a Shia mosque was a Saudi citizen. The Interior Ministry named the bomber as Fahd Suleiman Abdulmohsen al-Qaba’a,

Protesters on a street in Sousse, yesterday

according to state media. The ministry said he flew into Kuwait on Friday just hours before he detonated explosives at the mosque, killing at least 27 people. The Islamic State group, which regards Shia Muslims as

heretics, says it was behind the attack. Last month, an IS branch in Saudi Arabia carried out bombings on consecutive Fridays on Shia mosques there. More than 200 people were injured in Friday’s bombing at Imam Sadiq Mosque in Kuwait City, the bloodiest ever attack on Shia Muslims in the country’s recent history. Several people have been arrested in connection with the attack, including both the owner and driver of the car in which the bomber arrived at the mosque. They have also arrested the owner of a house which the bomber is said to have visited, even as the interior ministry said initial investigations showed he was a supporter of “extremist and deviant ideology”.

Space rocket explodes mid-air An unmanned rocket by Elon Musk’s SpaceX on a resupply mission to the International Space Station exploded yesterday just minutes after launch. It wasn’t clear what caused the rocket, named Dragon, to fail. SpaceX will conduct an investigation overseen by the Federal Aviation Administration. It was the third resupply mission to fail in recent months. The three astronauts on the space station have about four months worth of supplies, according to NASA. Yesterday’s flight was carrying more than 2 tons of goods, including 1, 500 pounds of food and provisions for the crew. More cargo missions are planned this summer, including Russian flights on July 3 and July 22, and a Japanese launch on August 16. The next SpaceX flight is scheduled for September 1.

Bus crash kills one, injures scores A bus carrying 34 British schoolchildren between the ages of 10 and 12 yesterday crashed into a bridge in Belgium, the school said. One person was killed, authorities said, but all the students survived. Several students were taken to local hospitals, Brentwood School in the UK said in a statement. One student is in intensive care, being treated for a head injury. The lone fatality was the bus driver, according to the mayor of Middelkerke, a city on the north coast of Belgium, about 50 kilometers (30 miles) northwest of Dunkirk, France. The accident happened on a highway, and there were 42 people aboard the bus, all from Britain, the mayor said. That included 34 children, seven supervisors and the driver, according to the statement from the mayor’s office.

News

Monday, June 29, 2015

National Mirror www.nationalmirroronline.net

arrest 30 more NASS crisis: APC should sanction Police cultists in Edo divisive members —Group A P Sebastine Ebhuomhan

group, Youths for Change Nigeria, has voiced concerns regarding the National Assembly crisis involving leadership of the All Progressives Congress, APC, with some of its members placing selfish ambition over the party’s will. The group’s national leader, Seun Bobade, in a statement issued in Lagos yesterday noted that the party was bigger than any individual ambition. “We have been following the National Assembly fracas and it is quite

shameful that a certain group of APC legislators have decided to impede the party’s plan to provide good governance on the altar of greed and selfish ambition. “These legislators have been identified, and it has become clear for all to see that they lack concern for people of the country or respect for due process. These are qualities that shouldn’t be exhibited by people who we have elected to be our lawmakers. “We are saddened by this shameful act that

these legislators have demonstrated; we want to remind them that they all ran under the platform of the party and not as independent candidates, therefore party supremacy should be adhered to by all members on the APC platform. “Elements that would not allow the party to actualise its plans for the people should be shown the way out without sentiment. There should be zero tolerance for individuals who would rather satisfy their selfish interests at the expense

of the party’s and the people of this country. Sanctions should be meted out to members who go against the party that brought them in for elective positions. This will serve as deterrent and curtail future rebellion within the party,'' the group said. It said no personal interest should be allowed to undermine the supremacy of the party, adding: ''We implore the leadership of APC to do the needful now to prevent future embarrassing situations.''

Inspector General of Police, Solomon Arase (left) and the Vice chancellor, National Open University of Nigeria, Professor Vincent Tenebe, when the VC paid a courtesy visit to the IGP at the Police Headquarters in Abuja, at the weekend.

BENIN

olice in Edo State have arrested 30 more suspected cultists and 20 kidnapping suspects in an all-out war against cultism and kidnapping gangs recently re-launched by the new Inspector-General of Police, Solomon Arase. The 30 suspects brings to 152 the total number of cult leaders and members arrested in Edo since the renewed crackdown was launched in May by the Nigeria Police. Edo Commissioner of Police, Samuel Adegbuyi, disclosed this while speaking on the current security situation in the state in his office at the command’s headquarters, Benin City. Adegbuyi explained that the suspected kidnappers were intercepted by highway patrol teams of the command at different locations in the state, stressing that they confessed to the crimes. He added that 107 arms and ammunition were recovered from them, even as 15 kidnapped victims were also rescued. The police chief, who recalled how the command arraigned 227 cultists in May, further stated that the additional 30 suspected cultists were presently undergoing interrogation prior to being charged to court if found culpable. “Apart from the 227 high profile cultists that were

arraigned in court between May 2 and 9 this year, we have 20 other suspects who confessed to have kidnapped various prominent individuals in the state and outside the state. Fifteen victims of kidnapping have been rescued while nine AK47 riffles were recovered in the process. “One Beretta pistol and about 60 locally made weapons as well as some paraphernalia of military outfits were recovered also,” he said. Adegbuyi explained that as part of the proactive measures of the IGP, more highway patrol vehicles were being deployed in locations within the state such as the Benin-Lagos Expressway, Benin-Agbor Highway, Benin-Akure Road, Auchi-Okpella Road, Ibilo Road, Ehor and Benin Bye-pass. The CP, who said some of the suspects were not resident in Edo but often used the state as an escape route, commended the efforts of local vigilante groups, whom he said had assisted by using their knowledge of the terrains to aid police officials in tracking down criminals even at odd hours. Adegbuyi therefore sought the continuous collaboration of all stakeholders in Edo including traditional and religious leaders in order to tackle crimes and make the state safer for lives and properties.

China, Osun partner to resuscitate cocoa industry S uccour has come for moribund Cocoa Processing Company in Ede, Osun State, with the intervention last Thursday of two Chinese firms who promised to resuscitate the comatose cocoa industry. This disclosure was made when the Chinese firms visited Governor of Osun State, Rauf Aregbesola, at Government House, Osogbo. Resuscitation of the cocoa company promises to create many jobs in the state. The two China-based companies - Skyron Corporation and Golden Monkey Group of Com-

panies - promised that production will commence in the next six months. Skyron group, led by Mr. David Shi, while expressing similarity between its firm and that of Ede, stressed that the company had been in the business of cocoa processing for the last 10 years. He said the company would turn around the moribund cocoa processing company in no distant time. According to him, "Cocoa processing industry is not a new terrain to Skyron having been engaging in similar sector

and company in the last 10 years. "Skyron group had a turnover of $6.4bn in 2014 with visible investment in agriculture and construction sector established across the world including Lagos and other states in Nigeria." Also the head of delegation of Golden Monkey Corporation of China, Mr. Liu Jin Hiu, assured that aside resuscitation of the cocoa industry, confectionery company would also be established. Liu added that the group is ready to embark on massive production of

cassava as raw materials for the confectionery. He said, "Golden Monkey Corporation remains the number one producer of candies and chocolate in China; reviving the cocoa processing company in Ede will not be a problem. "The partnership with the government of Osun in reviving the cocoa project will end up being a win-win project. We have several investment companies in West Africa, especially Cote d'Ivoire with 55 additional branches throughout the world." In his remark, Governor Aregbesola dis-

closed that Osun is ready to provide an enabling environment for the investors, urging them to consult him in the event of challenges in pushing ahead the project. The governor further described Osun as the largest producer of cassava in the country. He assured that land and personnel already committed to cassava cultivation and investment were guaranteed, saying the government was looking forward to speedy revival of the cocoa processing company in Osun. Aregbesola also advised the foreign inves-

tors to be up to date in the use of technology and equipment by replacing the obsolete machinery in the moribund company. In his words, "We hope that with result-oriented activities and hard work, your company will hit the ground running as we are committed to ensuring that your investment will yield profit as operation commences. "We desire for others what we desire for ourselves. We therefore challenge you to allow activities to start at the cocoa processing company in Ede latest November this year."

National Mirror www.nationalmirroronline.net

North

Monday, June 29, 2015

Dogara urges prayers for Buhari, other leaders TORDUE SALEM ABUJA

o succeed in providing the desired leadership for Nigeria, Nigerians

must pray for President Muhammadu Buhari and other leaders of the country, says Speaker, House of Representatives, Yakubu Dogara. Dogara called for

Abolurin seeks support for Boko Haram victims OMEIZA AJAYI ABUJA

ommandant General, Nigeria Security and Civil Defence Corps, NSCDC, Dr. Ade Abolurin, has tasked Nigerians and donor agencies on the need to support victims of Boko Haram insurgency, especially women and children. He said a tour of Internally Displaced Persons, IDP, camps in parts of the country indicates that without sufficient support, victims in those camps have a bleak future. Abolurin spoke in Abuja when he received a group of children under the aegis of Children Gov-

ernment of Nigeria led by their president, Simbiat Saheed. Represented by Deputy Commandant General, Operations, Evans Ewurum, the NSCDC Commandant-General noted that “women and children have suffered a lot in the hands of the insurgents.” He called on Nigerians to team up and cooperate with security agencies so as to permanently address the wave of insecurity in the country. “There is need for all stakeholders in the country to join hands with the security agencies in the country to restore peace,” he advised.

prayers at Living Faith Church, Durumi, Abuja, yesterday, according to a statement issued by his Special Adviser on Media and Public Affairs, Turaki Hassan. He attributed the economic and political crises in the country to lack of adequate attention by Nigerians and leadership to spiritual-

ity. “I want to plead because the problems we have in the country now are not conventional. So, conventional wisdom cannot solve them. We need divine wisdom,” he said. “Without prayer, there is no way we can succeed. I therefore, urge that we offer prayers and

supplication for all the leaders, beginning from the President to the least person in authority. “This will enable us embrace the wisdom that comes from God and apply this to providing solution to the problems that are no longer conventional.” In his sermon, Pastor John Adelakun, who

read scriptures from Matthew 6:33, Malachi 3:l7, Ephesians 6:18 and other verses of the Holy Bible, called on the congregation to immerse themselves in the service of God in order to attract His blessings. Adelakun admonished that servants of God won’t struggle to be lifted to high places.

Transfer rape cases to HQs, FIDA tells police PRISCILLA DENNIS MINNA

iger State chapter of International Federation of Female Lawyers, FIDA, has pleaded with the state’s Police Command to transfer all cases of rape to its headquarters to fast-track investigations. Chairperson of FIDA in the state, Fati Suleiman Takuma, during a courtesy visit to the Niger Police Commissioner, Emmanuel Amore, said the association does not take rape cases lightly and was ready to fight it to a standstill for a

better society. She explained that FIDA, which deals with all forms of oppression and violence against the less privileged and vulnerable in the society, was aware of many cases of rape being delayed in some Divisional Police posts due to one reason or the other. Pleading with the commissioner to transfer such cases to the state headquarters for speedy investigations, the FIDA chairperson expressed readiness to partner the command to eliminate not only rape cases, but any violence against women and children in the state.

Al-Makura warns land speculators IGBAWASE UKUMBA LAFIA

overnor Umaru AlMakura of Nasarawa State yesterday warned that he would not hesitate to deal decisively with anyone directly or indirectly involved in fraudulent sale of government’s lands and properties. He warned that whosoever

purchases government land or any item belonging to government from unauthorised person or group of persons under any guise, was opening themselves to avoidable risk. The governor gave the warning in a press statement signed by his Special Assistant on media and publicity, Ahmed Tukur, and issued to journalists in Lafia, the state capital.

Participants at Ramadan lecture organised by Islamic Medical Association of Nigeria, Gombe chapter, on health consequences of modern day lifestyle in Gombe, yesterday. PHOTO: NAN

Borno govt dissolves boards of agencies, parastatals INUSA NDAHI MAIDUGURI

overnor Kashim Shettima of Borno State yesterday approved dissolution of all state chairmen of

boards of agencies and parastatals alongside their members with immediate effect. Just last week, Governor Shettima announced the appointment of Usman Shuwa as Secretary

to the State Government. Shuwa replaced Ambassador Baba Jidda, the longest serving SSG since former Governor Ali Modu Sheriff ’s administration, while Yakubu Bukar and Modu Musa

Kidnapped Kogi judge freed WALE IBRAHIM LOKOJA

ogi State resident High Court Judge, Samuel Obayomi, who was kidnapped by unknown gunmen, has been released. Obayomi, who was abducted on May 25 by kidnappers at gunpoint after killing his police orderly, was set free after 34 days in their custody. Commissioner of Police, Samuel Ogunjemilusi, who confirmed his release to newsmen in Lokoja yes-

terday, said Obayomi was released Saturday night between 10 and 11:30. Ogunjemilusi stated that he could not say how and where the judge was released or if any ransom was paid except that he had been taken to a safe place, adding that he was yet to be released to his family. Chief Judge of the state, Nasir Ajanah, also confirmed the release of Justice Obayomi. “We thank God for that, but I cannot give you more information than you already have,” he stated.

It would be recalled that Justice Obayomi, the resident High Court Judge of Ebogogo in Adavi Local Government of Kogi, was kidnapped on Monday, May 25, at about 8:45 on his way to the office by a threemember gang donning black. The judge whose police orderly, Cpl Usman Musa, was shot dead on the spot was driven away in his Toyota Yaris car from GRA in Okene. The abductors had demanded N150 million ransom for his release.

retain their positions as Head of Service, HoS and Chief of Staff, CoS, respectively. A statement issued and signed by the new SSG, Shuwa, and made available to National Mirror in Maiduguri, stated that, “The chairmen and members of the constituted boards and commissions, including agencies and other standing committees, have been dissolved with immediate effect, except those of the Local Government Service Commission, State Civil Service Commission and Pension Board.” The chairmen have however been directed to hand over the affairs of their ministries to the Permanent Secretaries. Shettima, while expressing appreciation for their services to the state, wished them prosperous future endeavours.

News

Ojo Oyewamide AKURE

en of Ondo State Command of the National Drug Law Enforcement Agency, NDLEA, have arrested no fewer than 75 people in connection with drug related offences between January and June 2015. The command also seized 61,298.474kg of Indian hemp (cannabis sativa) within the period under review. State Commander of the agency, Mohammed Sokoto, stated this at the weekend during commemoration of the United Nations International Day

CHANGE OF NAME

AJAYI: I,formerly known and addressed as Miss Ajayi Esther Oluwakemi, now wish to be known and addressed as Mrs Adeyemi Esther Oluwakemi. All former documents remain valid. General public take note

CHANGE OF NAME

ORJI: I, formerly known and addressed as Miss Orji Chizoba Alexandra, now wish to be known and addressed as Mrs Onyeocha Chizoba Alexandra. All former documents remain valid. School of Nursing U.N.T.H Enugu and School of Midwifery Abiriba Abia State and Embassies and High Commissions and Nigeria Government Parastatals and agencies and general public should please take note.

CHANGE OF NAME

OKEKE: I, formerly known and addressed as Miss Okeke Ifunanya Nicole, now wish to be known and addressed as Mrs Nkwonta Sandra. All former documents remain valid. General public should please take note.

CHANGE OF NAME

OKAFOR: I, formerly known and addressed as Miss Okafor Chinenye Chiamaka, now wish to be known, called and addressed as Mrs Ejiofor Chinenye Chiamaka. All former documents remain valid. General public should please take note.

CHANGE OF NAME

RAJI: I, formerly known and addressed as Raji Sabith Abosede, now wish to be known, called and addressed as Banjoko Sabith Abosede (Nee Raji). All former documents remain valid. General public should please take note.

CHANGE OF NAME

Formerly known and addressed as Miss Abibat Olayinka Ojoye, now wish to be known and addressed as Mrs Abibat Olayinka Ogunrinde. All former documents remain valid. General public should please take note.

CHANGE OF NAME

Formerly known and addressed as Miss Christiana Yemisi Fagade, now wish to be known and addressed as Mrs Christiana Yemisi Kotun. All former documents remain valid. National Bureau of Statistics and general public take note.

NDLEA arrests 75 persons over drug offences in Ondo … seizes 61,298kg of hemp against Drug Abuse and Illicit Trafficking in Akure, the state capital. Sokoto explained that the command had destroyed 342.32 tonnes of Indian hemp plantation in the state and also convicted 18 persons to various jail terms within the period. He commended the state government for its

CHANGE OF NAME

AYISU: I,formerly known and addressed as Ayisu Lawrence Richard, now wish to be known and addressed as Agbeti Lawrence Richard. All former documents remain valid. General public take note

CHANGE OF NAME

OGBODO: I, formerly known and addressed as Miss Ogbodo Vivian Chinenye, now wish to be known and addressed as Mrs Ejezie Vivian Chinenye. All former documents remain valid. General public should please take note.

CHANGE OF NAME

OBI: I, formerly known and addressed as Miss Obi Roseline Chika, now wish to be known and addressed as Mrs Okonkwor Roseline Chika. All former documents remain valid. General public should please take note.

CHANGE OF NAME

AGADA: I, formerly known and addressed as Agada Michael Ameh, now wish to be known, called and addressed as Gabriel Michael Ameh. All former documents remain valid. General public should please take note.

CONFIRMATION OF NAME

This is to confirm that Taiwo Funmilola Adebimpe is the same one person as Taiwo Funmilola, that henceforth wish to be called and addressed as Taiwo Funmilola. All former documents remain valid. Osun State Polytechnic Iree and general public should please take note.

CHANGE OF NAME

Formerly known and addressed as Miss. Rachael Chitu Orlu, now wish to be known and addressed as Mrs Rachael Chitu Owomero. All former documents remains valid. General public should please take note.

CHANGE OF NAME

Formerly known and addressed as Miss. Umoru Tawakalitu, now wish to be known and addressed as Mrs. Toriola Tawakkaltu. All former documents remain valid. General public should please take note.

PUBLIC NOTICE

UNIVERSITY OF LIVERPOOL ALUMNI IN NIGERIA

This is to inform the general public that the above named old students have applied to the Corporate Affairs Commission, Abuja For Registration Under Part ‘C’ of the Companies and Allied Matters Act No. 1 Of 1990.

THE TRUSTEES ARE:

1. Pastor Oluremi Adeyinka Morgan 3. Prof. Lovett Lawson (Chairman) 5. Otunba Francis Oluwagbenro Meshioye 7. Faith Osiobe 9. Bar. Joy Eta Duncan (Secretary)

National Mirror www.nationalmirroronline.net

Monday, June 29, 2015

2. Prof. Ifeoma Isabela Ulasi 4. Mrs. Godiya Yohanna 6. Colonel Ngeribika A. Gobo-Abraham 8.Ayobami Joseph Owoeye

PRINCIPAL AIMS AND OBJECTIVES:

1. To connect University of Liverpool alumni members resident in Nigeria to the university, and to each other. 2. To support the University’s mission of “learning to make a difference” in the lives of individuals, enterprise and communities in Nigeria. 3. To foster bonds of cooperation and friendships among past and present students of the university resident in Nigeria and to create, promote and nurture viable networks that would enhance welfare of all members. Any objection to the registration, should be forwarded to the Registrar-General, Corporate Affairs Commission, Plot 420 Tigris Crescent Off Aguyi Ironsi Street, Maitama, Abuja within 28 days from the date of this publication.

SIGNED: BAR. (MRS) JOY OKEZIE- PAUL

efforts in eradicating drug business and consumption among people of the state. The NDLEA boss said: “No doubt, the Cocoa Revolution Initiative, CRI, is the most practical step towards eradication of cannabis plantation on the one hand and an economic revolution on the other for a sustained socio-econom-

CHANGE OF NAME

ILUGBUSI: Formerly known and addressed as Miss Ilugbusi Olubunmi Bosede, now wish to be called and addressed as Mrs. Omotayo Olubunmi Bosede. All former documents remain valid. General public should please take note.

CHANGE OF NAME

MAA: I, formerly known and addressed as Miss Maa Paula Uche now wish to be known and addressed as Mrs Okonkwo Paula Uche. All former documents remain valid. General public should please take note.

CHANGE OF NAME

Formerly known and addressed as Mrs Grace Obialinamma AgoromJohnson, now wish to be known and addressed as Grace Obialinamma Johnson. All former documents remain valid. General public should please take note

CHANGE OF NAME

IHUARULA: I formerly known and addressed as Ihuarula Isaac Micheal Chukwujindu, now wish to be known and addressed as Isaac Micheal Chukwujindu. All former documents remain valid. FEDPONEK and the general public take note.

CHANGE OF NAME

I formerly known and addressed as Ogewu Favour Obiorah, now wish to be known and addressed as Nnubia Chukwuma Chikamso Favour. All former documents remain valid. General public should please take note.

CHANGE OF NAME

ARIYIBI: Formerly known and addressed as Miss Ariyibi Gbemisola Abosede Christianah, now wish to be known and addressed as Mrs Odeniyi Gbemisola Abosede. All former documents remain valid. General public should please take note.

CHANGE OF NAME

Formerly known and addressed as Fayehun Oluwatoyin Olufunke, now wish to be known and addressed as Olowookere Oluwatoyin Olufunke. All former documents remain valid. General public please note.

ic growth and development of the state. “At this critical time when the country is experiencing economic downturn and with Nigeria operating on a mono-

CHANGE OF NAME

MOMOH: I Formerly known and addressed as Mrs. Adijat Ayodele Momoh, now wish to be known and address as Mrs. Adijat Ayodele Balogun. All former documents remain valid. General public to take note.

CONFIRMATION OF NAME

I, Miss Alabi Omolara Blessing with Account number 3042853254 with First Bank Plc, is the same and one person as Mrs. Agboola Omolara Blessing. That henceforth, I want my name to appear on the said Account number as Miss Alabi Omolara Blessing. All former documents remain valid. First Bank Plc and general public take note.

CHANGE OF NAME

OLIOBI: I, formerly known and addressed as Miss Oliobi Kosisochukwu Costance, now wish to be known and addressed as Mrs Anasi Kosisochukwu Costance. All former documents remain valid. General public should please take note.

CHANGE OF NAME

OJUKWU : Formerly known as Miss Ojukwu Fidelia Ndidiamaka, now wish to be known and address as Mrs Umendu Fidelia Ndidiamaka. All former documents remain valid. Imo State University, Akalabo Micro Finance Bank and public note.

CHANGE OF NAME

Formerly known and addressed as Miss Balogun Modupeola Florence, now wish to be known and addressed as Mrs AhmadTijanny Modupeola Florence.All former documents remain valid. General public take note

CHANGE OF NAME

BABATUNDE: Formerly known and addressed as Miss Babatunde Rukayat Kemi now wish to be known and addressed as Mrs Shittu Ruqayah K. Sheriffdeen. All former document remains valid. General public should please take note.

CHANGE OF NAME

Formerly known and addressed as Agubuzu Osmond Santos Afamu, now wish to be known and addressed as Mr. Onwuamaeze Santos Osmond Afam. All former documents remain valid. General public should please take note.

CHANGE OF NAME

I formerly knwon, called and addressed as Miss Christine Emli, henceforth wish to be known and addressed as Mrs. Christine Adebayo. All former documents remain valid. General public should please take note.

PUBLIC NOTICE

GREAT UNITY HOUSE OF PROGRESS CLUB.

This is to inform the general public that the above named body has applied to the Corporate Affairs Commission for registration under the part C of the Company and Allied Matters Act 1990.

THE TRUSTEES ARE:

1) Ikenna Callistus Akajiobi 2) Okwudili Ukpai Nicholas 3) Uchenna Ezeoke Kenneth

AIMS AND OBJECTIVES ARE:

commodity-oriented and import-dependent economy, the state government’s cocoa revolution initiative wouldn’t have come at any better time than now.”

CHANGE OF NAME

OGUNBOWALE: I Formerly known and addressed as Miss Elizabeth Ayobamidele Ogunbowale, now wish to be known and address as Mrs Elizabeth Ayobamidele Ajakaiye. All former documents remain valid. NIMR and General public to take note.

CHANGE OF NAME

Formerly known and addressed as Miss. Olukemi God’sgift Dosunmu, now wish to be known and addressed as Mrs. Olukemi God’sgift Jegede. All former documents remain valid. General public take note.

CHANGE OF NAME

I formerly known and addressed as Miss Adewoyin Aderonke Adefisibe, now to be addressed as Mrs. Olaleye Aderonke Adefisibe. All former documents remain valid, Nigeria Police Force and general public take note.

CHANGE OF NAME

Formerly known and addressed aa Agor Paul Efemba, now wish to be known and addressed aa Anyasi Paul Efemba. All former documents remain valid. General public should please take note

CHANGE OF NAME

Formerly known and addressed as Aderinwale Adedoyin Raphael, now wish to be known and addressed as Aderinwale Adedoyin Raphael Abeeb. All former documents remain valid. General public take note

CHANGE OF NAME

MURTALA: Formerly known and addressed as Rukaiya Murtala now wish to be known and addressed as Rukaiya Garba. All former document remains valid. General public should please take note.

CHANGE OF NAME

Formerly known and addressed as Olayiwola Ayishat Atonke, now wish to be known and addressed as Akinyemi Aisha Atoke. All former documents remain valid. General public should please take note.

CHANGE OF NAME

I formerly known and addressed as Mrs Grace Shaba Wodu, now wish to be known and addressed as Mrs. Grace Wodu Shiawoya. All former documents remain valid. General public should please take note.

While calling on the cannabis planters in the state to turn a new leaf, Sokoto implored them to embrace the lucrative agro-economic initiative of the government.

CHANGE OF NAME

Formerly known and addressed as Gwakzing Domren Roseline and Arinze Roseline Ebele, now wish to known and addressed as Arinze Roseline Ebele Domren. All former documents remain valid. General public take note

CHANGE OF NAME

Formerly known and addressed as Olabisi Toyin Oyetola, now wish to be known and addressed as Omokanye Toyin Leah. All former documents bearing my former names remain valid. General public to take note.

CHANGE OF NAME

I formerly known and addressed as Miss Oloruntola Olanike Mary, now to be addressed as Mrs. Oluwatowoju Olanike Mary. All former documents remain valid. The general public ahould please take note.

CHANGE OF NAME

Formerly known and addressed as Miss Ogunlesi Titilayo Oluwakemi, now wish to be known and addressed as Mrs Asoro Titilayo Oluwakemi. All former documents remain valid. General public take note

CHANGE OF NAME

Formerly known and addressed as Miss Onyogo Onyeka Mercy, now wish to be known and addressed as Mrs Nantoma Onyeka Mercy. All former documents remain valid. America Embassy and General public take note

CHANGE OF NAME

CHUKWUDILE: Formerly known and addressed as Miss Chukwudile Olivia Ifeyinwa now wish to be known and addressed as Mrs Azubuike Olivia Ifeyinwa. All former documents remain valid. General public should please take note.

CHANGE OF NAME

Formerly known and addressed as Miss Goodness Oyibo, now wish to be known and addressed as Mrs. Goodness Oyibo Sylvanus. All former documents remain valid. General public should please take note.

CHANGE OF NAME

I formerly known, called and addressed as Miss Mozie Pamela Oluchi henceforth wish to be known and addressed as Mrs. Edeh Pamela Oluchi. All former documents remain valid. General public take note.

PUBLIC NOTICE

OKANGA COMMITTEE OF FRIENDS CLUB

This is to inform the general public that the above named body has applied to the Corporate Affairs Commission for registration under the part C of the Company and Allied Matters Act 1990.

THE TRUSTEES ARE:

-Chairman. -Vice Chairman. -Secretary.

1) Ekemezie Ignatius Ikechukwu 2) Okoli Chidi Francis. 3) Ezeani Christopher Aniob.

-Chairman.

AIMS AND OBJECTIVES ARE:

To enhance unity and discipline among the members.

Any objection to the above registration should be forwarded to the Registrar General, Corporate Affairs Commission, Plot 420 Trigis Crescent, off Aguiyi Ironsi Street, Maitama, Abuja, within 28 days of this publication.

SIGNED: IKENNA CALLISTUS AKAJIOBI -CHAIRMAN.

SIGNED: EKEMEZIE IGNATIUS IKECHUKWU -CHAIRMAN.

Monday, June 29, 2015

It was like that at times. But we have looked beyond the draw with Gambia. We are focused on way forward.

National Mirror www.nationalmirroronline.net

Sport

Lulu drums Principals Cup support

–SOUTH AFRICA COACH, SHAKES MASHABA

Glo League results

Ex-Eagle, Mancha, faults NFF over Keshi Joel Ajayi ABUJA

ormer Super Eagles midfielder, Patrick Mancha, has criticised the approach of the Nigeria Football Federation in dealing with the ongoing crisis of confidence between the federation and Super Eagles Coach, Stephen Keshi. Mancha, who spoke to National Mirror in Abuja yesterday, described the NFF’s action as overzealous. “There is mechanism for managing crises in organizations and I think the NFF has not adhered to this reality and it is most unfortunate because the resultant

crisis is needless,” Mancha, who is currently Coach of Nigeria National League side Plateau United, said. “Even if Keshi had indeed applied for the Ivorien job as the NFF alleged, the issue should have been treated internally instead of impressing on the public that all is not well between the federation and the coach,” he added. “No matter what, Keshi deserves some respect. Not only is he the longest serving captain of the Eagles to date, he also coached the Eagles to AFCON success in 2013 and holds the record of the being the first Nigerian to win the AFCON as play-

Onazi

Giwa

El-Kanemi

Ifeanyi

Wikki

Sharks

Heartland

Enyimba

Nasarawa

Bayelsa

Kwara

Lobi

Abia

Akwa

Wolves

Rangers

Sunshine

Pillars

Dolphins

er and as coach. “In other climes, the football federation would treat such coach like a common criminal and I think we need to set good example as a big football nation.” Mancha, however, berated Eagles’ goalkeeper and captain, Vincent Enyeama for his comment of the safety of Kaduna as venue for the June 13 AFCON 2017 qualifier with Chad. “Vincent was wrong to have made such comment public when he knew exactly how to channel his grievances,” the former Nigerian junior international further said.

Wikki goes top of Glo League

ikki Tourists FC of Bauchi yesterday shot to the top of the Globacom Premier League table after the side pulled an away 1-0 victory against Ifeanyi Ubah FC. Wikki has now recorded 27

points from 14 games, a point more than last week’s leader Sunshine Stars, who lost 1-0 in Enugu to Rangers. The coach Abdul Maikabatutored Tourists’ goal came in the 77th minute through Chukwudi Samuel’s strike.

The first half was goalless as both teams tried themselves for size. In the 51st minute, Godwin Obaje came close for the visitors, but Ifeanyi Ubah’s goalkeeper Jonah saved. On the hour, the visitors

changed Victor Yakubu, who could not continue due to knock he received in the first half, with Nafiu Balla. Ezuokeaba Christopher’s header only grazed the crossbar in the 65th minute In the 80th minute, Ifeanyi

Ubah’s Elu Wilson was denied a goal as Wikki goalkeeper Sani Haliru gathered the ball. Four minutes to the end of the game, the home side’s Thompson wasted a big chance for an equaliser when he headed over the bar.

Sports

Monday, June 29, 2015

s the courts get pounding from today, former Wimbledon semi finalist and British great, Tim Henman, looks at the male contenders for the top prize

Novak Djokovic Novak Djokovic is raring to go for Wimbledon, after taking a break following his defeat by Stan Wawrinka in the French Open Final. Henman’s prediction: He’s the favourite going in and he’s the number one player in the world for a reason. He has only lost one really big match this year at the French Open and when you reflect on Wawrinka’s performance it was incredible the way he played, so Djokovic is the favourite but I think Murray and Federer are a pretty close joint-second. The draw means that he will have to be on his game from the word go as his first-round opponent Philipp Kohlschreiber is an experienced campaigner, but on the other side of the coin you would have to say it would be a huge surprise if Djokovic didn’t get through the first couple of rounds. It will focus his mind and I am sure on Monday he will be ready and

Wimbledon Open 2015:

Behold! The contenders in All-England Club Roger Federer

Murray

Djokovic

Roger Federer is a master of the grass, having won the Wimbledon title seven times. Henman’s prediction: The other Grand Slams are getting harder and harder for him on different surfaces over five sets but on the grass courts he is still the most aggressive player and grass is the toughest surface to defend on. If he is going to add to his Grand Slam tally then I definitely think it will be at Wimbledon. I don’t think this will be his last chance at Wimbledon either, I think he could be a contender for a good two or three years yet.

clay master, will still have a lot to prove on the grass this time. Henman’s prediction: He has had a dip in form and hasn’t been as consistent or confident in his game. He has an interesting section of the draw, if he can get through then he could face Murray in the quarter-finals which would be exciting. I wouldn’t be overly surprised if he didn’t make the quarters, he has not been as consistent this year but it’s a very dangerous thing to write off any of the ‘Big Four’ guys like Federer and Nadal who have been so consistent at the biggest events. He won Stuttgart on grass and he has won here twice. He has improved this year but when you reflect on the heights that he has reached in the past then he has not played as well. He is still only 28 so I won’t be writing him off.

Stan Wawrinka Stan Wawrinka is entering into this competition as a dark horse. Nonetheless, he will take no chances at emerging tops after what he did to fellow Swiss

Rafael Nadal raring to go.

Andy Murray Andy Murray could possibly route his way to the final, thanks to a favourable draw. Henman’s prediction: His game is better than it has ever been right now, he has played fantastic tennis for the last six months, having won Queen’s his preparation has been spot on but that doesn’t guarantee him anything. Wimbledon was an environment that I thrived in and played some of my best tennis at because I was able to concentrate on the things that I could control like preparation and performance. That is something Andy has done very well and when you get out on Centre Court when you have got that support behind you and atmosphere it is a huge bonus. It also helps him to have won Wimbledon before.

National Mirror www.nationalmirroronline.net

Spanish star Rafael Nadal has just claimed the Stuttgart Open title with an impressive straight sets win over Viktor Troicki. But he, as Nadal

Federer

Roger Federer at the French Open. Henman’s prediction: I think he can contend as he has the firepower. He hits the ball so hard and is so strong off both wings, but the question mark would be his movement. If you can get him on the back foot then that is the area he will struggle. He has been in the quarterfinals last year and had a tight match against Federer on Centre Court where he was up a set and then it went to a tie-

Wawrinka

break in the second. I wouldn’t write him off but I think his movement is the reason he has not done too well at Wimbledon in the past.

Injury knocks out Ferrer Elbow injury has forced out Spanish David Ferrer out of the Wimbledon Open starting today. Ferrer had been due to face Britain’s James Ward, who will instead face lucky loser Luca Vanni of Italy. His withdrawal is good news for Andy Murray and Rafa Nadal. If the draw had gone according to seedings, Ferrer would have faced Nadal in the last 16, and Murray in the quarter-finals. “Unfortunately I won’t be able to play at Wimbledon because of an injury to my elbow,” the 33-year-old said yesterday. “It’s time to get better as quickly as possible,” he added. Ferrer had played in 50 consecutive Grand Slam tournaments, dating back to the 2003 Australian Open, the fifth highest total in the open era.

Ferrer

National Mirror www.nationalmirroronline.net

Sports

Monday, June 29, 2015

Lulu drums On NFF, Keshi and Enyeama saga Principals Cup support F ormer NFF president, Alhaji Sani Lulu, has declared support for organisers of the 2015 FCT Principals Cup Football Competition. Lulu, who is a former FCT’s Director of Sports, gave the support during a speech in Abuja over the weekend when he watched his side FOSLA Academy play a friendly match with Supreme Court FC Feeders team, said the Principals Cup would enhance football development at the grassroots. “It is laudable that the organisers have involved corporate bodies in the initiative,” Lulu said. “It would also provide them the opportunity to invest in the future of the young players that would emerge from that competition,” he added. “It is obvious that no country in the world can develop effectively in football if adequate attention is not paid to the grassroots.” The Proprietor of FOSLA Academy, who also holds the traditional title of Omachi Attah Igala, said the competition would enable his wards to exhibit their talent to all Nigerians. “I believe they will give a good account of themselves,” Lulu further said.

Sani Lulu

Amaju

Aderonke Ogunleye-Bello

ince the inception of the current board of the Nigeria Football Federation last year, there have been crises at different levels that have caused great distraction for the players, federation and football loving Nigerians. In the history of Nigerian football, and as much as I can recall from my childhood days, I do not recall the football federation imposing a fine on a player for bagging a red card in a game. It is for this reason that I found it absurd that Super Eagles midfielder, Ogenyi Onazi, was handed a $5, 000 fine by the NFF for his red cad against Chad in the AFCON 2017 qualifier on June 13 in Kaduna. Call it criticism, and I will say no. It is a simple analysis of the recent process and procedures of the activities of the NFF in terms of discipline. And why not? It is good to be disciplined. In my local Yoruba dialect in South West Nigeria, there is a saying that goes thus: “Ilu ti o s’ofin, ese o si nibe”. Translation: “you can never go wrong in a town without a rule of law”. Having said that, I am not against the discipline of any coach or player. But it is a fact the fine handed Onazi observed no law as he has not committed any offence to warrant the punishment meted to him. Let the NFF do the right thing, namely, come up with a ‘disciplinary clause’ for players without delay. The NFF took side like an aggrieved stepmother who will get delight in the downfall of his rival’s children. What confidence will that give to the NFF? After all, Onazi has been issued a two-match ban by

Keshi

CAF. It was then left for the NFF to launch an appeal as other federations would do. Instead, the Nigerian federation opted to, as they say in local parlance, pour sand sand for Onazi garri. Brazilian striker Neymar got a red card and a four-match ban in a Copa America game with Colombia. Immediately after, the Brazilian FA had thought out how to appeal the ban. It was to no avail, however. But it was the effort that counted. Apparently, the Brazilian FA values and respects its players. In a game of football, anything can happen and tension rises. When it does, it is a sign the players are totally committed to the cause of the country. Eagles captain, Vincent Enyeama, made alleged uncomplimentary remarks about the team’s safety in Kaduna and we no go hear word again. Na wetin, why you make am captain? Feelers at the camp had even suggested that players also complained to Enyeama earlier on the safety concerns. Let me digress a little. A few months ago, Pillars FC of Kano players were robbed and shot at by armed bandits on their way to an away league game. Thank God no life was lost. But even if it had been the other way, would Pillars have stopped playing the Nigeria Premier League? Without any fuss, Enyeama was spot on. In his capacity as captain of the team, he has absolute right to express his concern about the safety of his team. Perhaps, he also ought to have addressed the issue internally before going public. But no matter. If the NFF thinks Enyeama has erred, why not call and speak to him? There is no code of conduct for them, so why crucify them? These are the players you still use for God’s sake. Countries in the Western world

Enyeama

respect their players who get pampered regularly with five-star treatment. If the NFF can’t provide the players all these, then it should not knock them to the ground. NFF President, Pinnick Amaju, went on air last week to say there are mafias in the Super Eagles and that the Eagles are not friends with each other. Amaju also went overboard in his remark as such sensitive issue could well be discussed with the players over dinner. So, who will sanction the NFF President? Let the reader be the judge. After a private interaction with some NFF members, I discovered that the board may decided to sack Stephen Keshi to probably avenge the coach’s behavior that held the board members to ransom after Nigeria won the AFCON title in South Africa in 2013. Keshi is yet to be forgiven. So, for how long will they ambush Keshi at the expense of Nigeria? Egypt is preparing to play Nigeria home and away in the AFCON 2017 qualifiers. At the same time, Nigeria is not stopping at efforts to get rid of Keshi as well as persecute its players when all energy and resources should be pooled towards to winning the crucial games on the way to Gabon 2017 finals. The fact is that players are adults who have their own minds. It is therefore imperative to counsel the NFF to desist from acts that could push the players to sabotaging the team and ultimately the overall national interest.It is not too late to take the trio of Onazi, Enyeama and Keshi to a private meeting with a view to settling the saga amicably and put Nigeria’s quest for a ticket to the AFCON 2017 finals back on course. Ogunleye-Bello is an Abuja-based award-winning journalist

NWPL: Confluence set for resumption Glo League: Aba Elephants maintain winning streak

late goal by Lola Philips ensured that Confluence Queens snatched a 1-1 draw against Capital City Dove in a warm-up match played at the Area 3 Pitch, Abuja at the weekend. The Wada Queens had on Wednesday arrived in Kaduna for a training tour that ended on Thursday as they intensified preparations for the resumption of the Nigeria Women Premier League which went on break as a result of Super Falcons’ participation at the 2015 FIFA Women’s World Cup in Canada. The Lokoja club defeated Spotlight

Queens 2-0 against Spotlight Queens and earned 1-1 draw against the same opponent at the training pitch of the Ahmadu Bello Stadium, Kaduna. Confluence Queens have returned to the Kogi State capital to continue preparation for the resumption of NWPL against Osun Babes at home on July 4. It will be recalled that Kogi State Governor, Captain Idris Wada, recently launched new Hummels kits for the state teams campaigning in different leagues as a way of motivating the players to excellence.

nyimba FC of Aba yesterday continued its impressive run as the side remained unbeaten in the last seven games of the Nigeria league after handing a 2-0 defeat to Nasarawa United in Aba. Enyimba now has 26 points from 14 games to go third on the table behind leader Wikki Tourists and Sunshine Stars. The last game Enyimba lost was in Week 7 when it lost 2-0 to Ifeanyi Ubah

FC. Christian Obiozor opened the scoring with a superb volley to the roof of the net in the 12th minute of the game to give goalkeeper Ibrahim Pius no chance. In the 50th minute, Ifeanyi George doubled Enyimba lead. In the 25th minute, Obiozor fell down inside the 18-yard box after he rounded the goalkeeper, but the referee did not give a penalty. In the 29th minute, rampaging Obiozor again had his sight at goal, but he headed wide off Daniel Etor’s cross.

WORLD RECORD First timekeeping device Vol. 05 No. 1143

Monday, June 29, 2015

N150

First used in Mesopotamia in c. 3500 BC, the time sick - a primitive form of sundial - was the first “clock” ever developed by Man.

How progressive are our progressive politicians?

his narrative is my own contribution to the ongoing national conversation on the quality and substance of Nigerians politics. The discourse is fuelled by the crisis that engulfed the 8th National Assembly after the June 9 elections of the leaderships of the two chambers of the institution. The emergence of Dr. Bukola Saraki and Hon Yakubu Dogara, both of the APC, as the Senate President and Speaker of the House of Representatives respectively ‘against the run of play’ coupled with fact that Senator Ike Ekweremadu of the PDP, against convention, became the Deputy Senate President, unleashed torrential furors and furies from ‘conformist mainstream APCers’, who have insisted on the supremacy of the party on an issue like this. Since the development, the media have been

HeartBeat Callistus Oke Callistusoke@nationalmirroronline.net 08054103275 (sms only) inundated with commentaries by so-called progressive Nigerian intellectuals and politicians, who have viewed such unwholesomeness as an unmistakable sign that the nation’s Progressive Movement has come under assault from ‘reactionaries’ in and outside APC. A particular writer upbraided and denigrated the members of the coalition that successfully orchestrated such an assault on what the APC mainstreamers see as orthodoxy as ‘agents of darkness’. I, like the aged that shudder whenever ‘dry bone’ is mentioned, always grin and shudder when attempts are made to create fixations in our domestic politics along conservative-progressive line. Such divide exists in the imagination of the writers. The truth about our domestic politics is that the political parties are so deideologised that no one party in the country can claim to be exclusively progressive in the same way that the hood does not make the monk! I once confronted my senior professional colleague, Chief Ebenezer Babatope, one of the authentic surviving Awoists and thus a committed progressive (?), why he sought and found accommodation in a party like PDP. His blunt answer, which I found pragmatic and flexible, was that the extant Nigerian political parties are stripped of ideological trappings. The chief is a living human encyclopeadia of the nation’s evolutionary phases of party politics. So, he knows his Onions. The truth is that ideology-based political parties died with Second Republic. Forget the farce that was the stillborn Third Republic, when the General Ibrahim Babangida-led military regime bamboozled Nigerians with the meaningless a

IN THE FOURTH REPUBLIC, POLITICIANS’ CLAIMS TO PROGRESSIVISM ARE MORE IN WORDS THAN DEEDS, SUCH DESCRIPTIVE AND DISTINGUISHING LABELING IS A FARCE little-to-the-left Social Democratic Party (SDP) and a little-to-the-right National Republic Convention (NRC). The exercise is nothing short of voodoo politics. The Fourth Republic’s scenario is well painted by Chief Babatope, a member of PDP Board of Trustees. All over the world, progressivism is reformist in nature and arises from a determined effort by politicians and their intellectual bedfellows to make the state work with the enunciation of positive policies and programmes using the instrumentality of government. Central also to progressive politics is the purification of governmental processes to curb waste and corruption, socialization of law to promote people and workers welfare through improved education, minimum wage and social security. Let me add also that it embraces the promotion of child rights and affirmative actions on human rights. We saw the emergence and promotion of

progressivism in Nigerians during the era of regional self government shortly before independence on October 1, 1960, when governments of the three original regions of Eastern Nigeria, Northern Nigeria and Western Nigeria, led by principled and authentic progressive politicians – Dr. Nnamdi Azikiwe in the East, Alhaji Ahmadu Bello in the North and Chief Obafemi Awolowo in the West – embarked on populist programmes and policies (like Awo’s Free Primary Education introduced in 1958) that promoted the happiness of the people. Authentic progressive politics ended with the Second Republic. Historians and social scientists would admit that this ‘Golden Era’ witnessed less of the banal politics and wholesale pillage of public resources like we have these days. This was why socioeconomic development was made possible in the three regions. The legacies of Awo, Zik and Bello are still there for anyone to verify today. There were identifiable vices during that era, but they had more to do with expansionist proclivities of regional political leaders, who coveted followership in other regions in their drive to control the centre. In the Fourth Republic, politicians’ claims to progressivism are more in words than deeds, such descriptive and distinguishing labeling is a farce. For such claims to stick look out for these signs: pursuit of sweeping, effective changes; socialization of resources; equalization of opportunities; socialization of access to education; institution of robust social welfare system; protection of the child-boy and child-girls, including criminalization of child-girl marriage; zero tolerance to corruption, and a host of other reformist programmes. Thus, if we are put to progressivism in perspective, its application must be elastic enough to identify and accommodate individual politicians that subscribe to progressive philosophy in Nigeria. As they exist in the APC, so they could also be found in APGA and PDP. And as we have bad guys in the PDP, so they could be found in the other parties. Let no individual or party lay exclusive claim to progressivism. The taste of the pudding, they say, lies in the eating.

Sport Extra

I’m committed to Madrid’s contract terms–Ronaldo

eal Madrid forward, Cristiano Ronaldo, yesterday refuted reports that he is unhappy at the club and might leave this summer. The Portugal superstar is understood to be unhappy

with the sacking of coach Carlo Ancelotti, whom he supported openly in the final weeks of Madrid’s unsuccessful campaign. He was also reported to have fallen out with club President Florentino Perez along with the

influential duo of goalkeeper Iker Casillas and defender Sergio Ramos who is reported to be nearing a switch to English Premier League side Manchester United. “I haven’t spoken to any media. Honestly, I’d like

them to stop these false reports and leave me a little in peace,” Ronaldo told Portugal’s leading sports publication, A Bola. “The reports are absolutely false,” the star man who scored 61 goals last sea-

son, added. “I am very happy at the best club in the world and very focused and confident of a new season full of successes. “I’ll say it again that I’m NFF President, Aminu Maigari happy and settled.” Ronaldo

Printed and Published by Global Media Mirror Ltd: Head Office: Mirror House, 155/161 Broad Street, Lagos Tel: 07027107407, Abuja Office: NICON Insurance House, Second Floor, Central Business District Area, Abuja Tel: 08070428249, Advert hotline: 01-8446073, Port-Harcourt Office Suite 115, NICON Hotel, 6, Benjamin Opara Street, Off Olusegun Obasanjo Rd. GRA Phaze 3, Phone 07032323254, Email: mail@nationalmirroronline.net. Acting Editor: BEN MEMULETIWON. All correspondence to PMB 10001, Marina, Lagos. Printed simultaneously in Lagos, Abuja and Akure. ISSN 0794-232X