Monday, may 25, 2015

States shared N2.92trn from ECA in four years –FG TOLA AKINMUTIMI

F

ederal Government yesterday said in addition to their constitutionally approved

Okonjo-Iweala

Vol. 5 N0. 1119

receipts from the Federation Account, the 36 states received N2.92trn from the Excess Crude Account, ECA, between 2011 and 2014.

Federal Government’s

THE

BUSINESS SECTION

AfDB invests N3trn in member countries

share from the ECA during the period was N3.29trn.

A statement by the office of Coordinating Minister for the Economy

CONTINUED ON PAGE 6>>

P.9

Free inside

Monday, May 25, 2015

N150

Jonathan handing over nation in deep crisis –APC …says Nigeria on auto pilot Buhari must get it right in 3 months –OBJ

P.4

OLAJIDE OMOJOLOMOJU

A

ll Progressives Congress, APC, has said President Goodluck Jonathan is handing over a

nation in deep crisis, even as his administration continues to contrive more crises without making any effort to solve any of them.

APC, in a statement isCONTINUED ON PAGE 2>>

NDLEA to Kashamu: Stop blaming others for your ordeal

P.7

ADVERT HOTLINES

For advert bookings and information, please contact: LAGOS 01-8446073, 08113947415 08113947419 08113947420 08113947422 ABUJA 08113947421 PORT HARCOURT 08113947418 OGBESE 08113947424

FG approves N2bn for 4 new varsities

L-R: APC Chairman, Chief John Oyegun; wife of Vice-President-elect, Mrs. Dolapo Osinbajo; Vice President-elect, Prof. Yemi Osinbajo; President Goodluck Jonathan, his wife, Patience, and Senate President David Mark, during 2015 Presidential thanksgiving and inauguration interdenominational church service in Abuja, yesterday.

PHOTO: NAN

Telcos, OPS raise alarm over fuel crisis Aviation fuel scarcity disrupts flight operations

P.7

Shekarau

Court acquits security guard after 13 yrs in prison

P.2

P.48

2

News

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Jonathan handing over nation in deep crisis –APC CONTINUED FROM PAGE 1

sued in Abuja yesterday by its National Publicity Secretary, Alhaji Lai Mohammed, however pleaded with Nigerians not to lose hope, despite the daunting challenges they are currently facing in this atmosphere of contrived chaos, saying help is on the way.

Mohammed said: “In a few days time, President Jonathan will handover to President-elect Muhammadu Buhari. Never in the history of our country has any government handed over to another a more distressed country: no electricity, no fuel, workers are on strike, billions are owed to state and federal workers, $60bn are owed in national debt and the economy is virtually grounded.

“Today, Nigerians are roaming the streets with jerry cans in hand, searching for everything from kerosene, fuel to diesel to power their homes, keep their vehicles on the road and keep their businesses going.

“They are paying as much as N300 per litre for fuel, if at all they can get it. Yet their government is not saying a word about the situation.”

The party said that while the Jonathan administration arrogantly told Nigerians that it remains in office and in power till May 29, all it has been doing is sacking people and making new appointments as if it had been deprived of the opportunity to do so in the past six years.

It said: “It is not interested in how to end the fuel scarcity that has paralysed the socio-economic lives of Nigerians; it is not interested in how to raise electricity production from its unprecedentedly-low level of 1,327 megawatts; it is not doing anything to end the strike by blue and white collar oil workers, or to stop the impending one.

“It said it is in office till May 29, but does not care how workers in 18 states, who are owed a total of N300bn in salaries under its watch, or federal workers who are owed N400bn will be paid. Yet it is running a budget of N1trn deficit.”

APC added that the Jonathan administration has deliberately stopped meeting its obligations to oil marketers, which is now around N200bn, “hence no one is lifting petroleum products

anymore. If the current energy crisis is not solved soonest, the telecommunications sector could even be grounded in a matter of days, as service providers will have neither electricity nor fuel to power their base stations. Of course, the aviation sector has already been left comatose by the fuel crisis. The whole scenario

reeks of sabotage!”

Saying that before the Peoples Democratic Party, PDP and the Jonathan administration’s spin doctors distort its message, it is important to let Nigerians know that the party is not engaging in lamentations but simply keeping the citizenry informed of the situation on the ground, with just

five days to handover date.

APC added: “If we thought the nation was being well-managed and there was no problem, we would not have embarked on a campaign of change. While we are ready, willing and able to begin to address the mammoth challenges facing us as a nation as soon as we assume office at the

centre in a few days time, we will not hesitate for a second to keep Nigerians informed of how we have been brought to this sorry pass, with a view to avoiding such a tragic turn in the future.”

Mohammed expressed sadness that the nation has been on auto pilot for the past several weeks, as the

outgoing administration has shown neither the capacity nor the willingness to resolve any of the crises it has contrived and foisted on the nation, saying: “This is the most vivid manifestation of the old saying that literally translates to a departing office holder defecating on the chair he is vacating.”

L-R: Deputy Managing Director, Arik Air, Capt. Ado Sanusi; President-elect, Muhammadu Buhari and Managing Director, Arik Air, Mr. Chris Ndulue, during a visit to the president-elect in Kaduna.

PHOTO: ADEYANJU OLOWOJOBA

Telcos, OPS raise alarm over fuel crisis

CHIDI UGWU, OLUSEGUN KOIKI, ABOLAJI ADEBAYO, JUSTIN TYOPUUSU

A

fter over one month of lingering fuel scarcity, the nation’s economy is gradually grinding to a halt as the Federal Government and oil marketers continue their war of words over which party should be blamed for the national crisis.

Investigations by National Mirror yesterday across the various geo-political zones of the country indicated that businesses had completely collapsed just as efforts by Nigerians to travel from one point to another had been hampered by nonavailability of vehicles.

Air travelers have not been left out as most airlines could not operate scheduled domestic flights due to the continued scarcity of Jet A1, otherwise known as aviation fuel in local parlance.

According to market surveys on the fuel situation in major cities, particularly in Lagos, Abuja, Port Harcourt, Kano and a few others, the fuel scarcity was pervasive with most of the filling stations lacking fuel to dispense.

Expectedly, the crisis has fuelled racketeering of products with a litre selling at between N400 and N600 in the few stations still operating in Lagos while black marketers were taking advantage of the situation to exploit motorists, selling at between N700 and N800 per litre, depending on the place of purchase.

Worried by the fuel and power crises, the Lagos Chamber of Commerce and Industry warned that the nation’s economy may be seriously undermined if urgent action is not taken by the government to tackle the current energy crisis.

The chamber, in a statement yesterday, noted that the public power supply had

practically collapsed with power generation slightly above 1000mw; while the option of alternative power generation was fizzling out with the acute shortage of petroleum products.

According to the chamber, most economic and social activities have been paralysed with an imminent shut down of the entire economy, yet there was no evidence of active engagement with stakeholders in the petroleum industry to bring an end to the crisis.

While admitting that the current administration is winding down, the organised private sector, OPS, group, stated that the impression should not be created that governance has been abandoned, adding that government needs to demonstrate accountability to the people.

“The administration has responsibility for the management of government business till the very last day of its tenure. The coun-

try and the economy should not be allowed to continue to drift as if there is no one in charge,” it stated.

It also maintained that the current situation had been taking a huge toll on the citizens and the economy in that economic activities across virtually all sectors were progressively grounding to a halt.

The chamber also pointed out that communication services were on the verge of being shut down as telecommunication companies have given indication of imminent shut down of their base stations, while the aviation sector was also on the verge of being shut down due to non-availability of aviation fuel.

It noted further that the current situation in the country had created avoidable social tension, thereby leading to many businesses either shutting down or drastically cutting down on operating hours, not to talk of the cost of transporta-

tion, which has skyrocketed.

According to the statement, investors in the petroleum downstream sector were in a quandary over the policy direction of government with regard to the sector.

The chamber therefore called for urgent intervention by President Goodluck Jonathan to bring a halt to the imminent collapse of economic and social life in the country just as it canvassed immediate engagement of stakeholders in the petroleum industry to discuss the outstanding issues of indebtedness and related labour matters, in the interest of the economy and the citizens.

At the various airports at the weekend, domestic flight operations were completely disrupted due to the continued scarcity of aviation fuel as Aero Contractors, MedView Air, Arik, First Nation, Air Peace and a few other airlines cancelled most of CONTINUED ON PAGE 6>>

National Mirror www.nationalmirroronline.net

3

PAGE

Monday, May 25, 2015

Good Health

Under-30s blood heals fractured aged bones –Research FRANKA OSAKWE

I

f you have an elderly person with fractured bones that refuses to heal, the latest research discovery should be of interest to you. According to the study, what the old fellow needs to be back on his feet could be a simple transfusion with the blood of a young person under 30 years!

This is not a vampire tale, two teams of scientists from the Hospital of Sick Children in Toronto, Canada, recently concluded a new experiment proving that young blood can heal fractured aged bones, alzheimer, dementia and even muscle atrophy, at least in mice.

The study, published in the journal Nature Communications showed that old mouse bones healed faster after a fracture when enriched with fresh blood from a young mouse.

In a procedure known as parabiosis, the research team surgically joined mice of different age together. Parabiosis is a 150 year old surgical procedure in which two living organism are joined together. During the procedure, a large layer of skin is removed from each mouse by scientist, and then the exposed surfaces are stitched together. Mice of the same age were paired together as a control. Scientist then fractured the shin bones of the mice. Older mice fractured shin bones healed better and more quickly when joined with younger mice as compared to when they were joined with a mouse of the same age. Young mice when joined with older mice saw a decrease in their ability to repair bone fractures.

Beta-catenin, a protein believed to make bone marrow stem cells produce cells that keep bone together, is usually found in high levels in older bones. However, the betacatenin levels of older mice who received blood from younger mice were much lower.

This indicates that a molecule present in young blood, still unknown, regulates betacatenin at a lower level encouraging health-

ier bone growth. The scientists say they are focusing on finding that molecule.

If scientist can find the precise molecular compound that is responsible for the healing of aged bones in mice, it may lead to new drugs that could help aging bodies act more like their youthful counterpart.

The experts feel the research could lead to treatments for disorders like Alzheimer’s disease and heart disease.

A separate team led by Tony Wyss-Coray at Stanford University performed similar experiment. His team injected blood plasma from young mice into old mice and saw an improvement in the old mice’s physical endurance and cognitive function.

But just before you contemplate drinking young blood, Wyss-Coray has warned against swapping blood at home because transfusions need to be screened for disease, matched for blood type and the plasma needs to be separated out. “Certainly you shouldn’t

DID YOU KNOW?

Music may ease chronic pain

P

eople dealing with chronic pain may get some relief by listening to music for an hour a day, new research shows.

The study in Journal of Advanced Nursing shows that adults with chronic pain reported less pain, depression, and disability and felt more empowered after a week of listening to music for an hour a day. It doesn’t matter what kind of music they listened to, the study shows.

The study comes from two researchers in Cleveland: Sandra Siedliecki, PhD, of The Cleveland Clinic, and Marion Good, PhD, of Case Western Reserve University.

The study included 60 adults with

chronic pain. The patients lived in Ohio, and were in their late 40s or early 50s, on average. All had had chronic pain for at least six months. For some, the pain had lasted for years. They were recruited from pain clinics and a chiropractic office.

start drinking blood at home,” he said.

According to the report, the clinical trials with patients suffering from Alzheimer’s disease will begin in California this October. The patients will be injected with blood from younger individuals. Scientists hope that they will react as mice have done in earlier experiments.

However, Wyss-Coray cautions that it is still very experimental.

“We will assess cognitive function immediately before and for several days after the transfusion, as well as tracking each person for a few months to see if any of their family reports any positive effects. The effects might be transient, but even if it’s just for a day it is a proof of concept that is worth pursuing”, he said.

Back in 2005, Thomas Rando of Stanford University in Califonia, in a similar experiment, discovered that young blood brought the skeletal stem cells of older mice back to the condition seen in younger mice. It also showed an improvement in injured muscles

N

ew research shows that infections can impair your cognitive ability measured on an IQ scale. The study is the largest of its kind to date, and it shows a clear correlation between infection levels and impaired cognition.

Anyone can suffer from an infection, for example in their stomach, urinary tract or skin.

However, a new Danish study shows that a patient’s distress does not necessarily end once the infection has been treated. In fact, ensuing infections can affect your cognitive ability measured by an IQ test.

“Our research shows a correlation between hospitalization due to infection and impaired cognition corresponding to an IQ score of 1.76 lower than the average. People with five or more hospital contacts with infections had an IQ score of 9.44 lower than the average. The study thus shows a clear dose-response relationship be-

ability to heal itself. Young blood has also shown to reverse heart decline in older mice.

Also, at Harvard University in 2012 Amy Wagner and her team paired older mice that have cardiac hypertrophy with younger healthy mice by connecting their circulatory systems. Cardiac hypertrophy is a condition in which the heart swells in size. After four weeks the older mouse’s heart had contracted to the size of their younger mouse partner thus proving that the blood of young mouse contains substances that might rejuvenate older mouse.

This new healing from young blood if finally established, could lead to many possibilities. It could be the real fountain of youth, healing older people of broken bones, Alzheimer’s disease, muscle damage, heart problems and even making one look younger.

There is still more to be discovered before the benefits of these experiment will be available to people, but the possibilities seems exciting.

Infections can affect your IQ tween the number of infections, and the effect on cognitive ability increased with the temporal proximity of the last infection and with the severity of the infection. Infections in the brain affected the cognitive ability the most, but many other types of infections severe enough to require hospitalisation can also impair a patient’s cognitive ability. Moreover, it seems that the immune system itself can affect the brain to such an extent that the person’s cognitive ability measured by an IQ test will also be impaired many years after the infection has been cured,” explains MD and PhD Michael Eriksen Benrós, who is affiliated with the National Centre for Register-Based Research at Aarhus BSS and the Mental Health Centre Copenhagen, University of Copenhagen.

4

Photo News

Monday, May 25, 2015

L-R: Chief Executive, Stanbic IBTC Bank, Mrs. Sola David-Borha; a member of the panel of judges for the awards, Chief Onikepo Akande; board chairman of Corporate Affairs Commission (CAC), Otunba Funso Lawal and Minister of Industry, Trade and Investment, Dr. Olusegun Aganga, during the First Annual CAC Corporate Citizens Award and dinner in Abuja, at the weekend.

L-R: Osile Oke Ona of Egbaland, Oba Dr. Adedapo Tejuoso; outgoing Chairman, Lagos Island Club, Prince Ademola Dada and Chairman on the occasion, Chairman, NATCOM/Skye Bank Plc, Dr. Olatunde John Ayeni, during a valedictory party in honour of Prince Dada in Lagos, at the weekend.

National Mirror www.nationalmirroronline.net

L-R: Secretary, Nigerian Communications Commission (NCC), Mr Felix Adeoye; Chairman, NCC board, Engr. Peter Igoh; Rector, Benue State Polytechnic, Prof. Hycinth Oluma and Deputy Director Policy, NCC, Dr. Henry Ekemadu, during presentation of ICT books to the polytechnic by the commission, recently.

Chairman, Heirs Holdings, Mr. Tony O. Elumelu and Oxford University Dean, Peter Tufano, at the historic Oxford Union, where Mr. Elumelu delivered a speech, Africapitalism as a Catalyst for Africa’s Development, at the weekend.

National News

Buhari must get his act right in three months –Obasanjo …advises him against playing Ostrich with Nigerians Femi Oyeweso, Abeokuta

F

ormer President Olusegun Obasanjo yesterday urged the President-elect, Gen. Muhammadu Buhari, not to be frightened by the enormous expectations and daunting challenges of governing the country when he is eventually inaugurated.

The former president gave the charge while hosting South West women leaders, which included the Iyaloja-General of Nigeria, Chief Folashade Tinubu-Ojo and Iyalode of Yorubaland, Chief Alaba Lawson among others, who visited him at his Presidential Hilltop mansion in Abeokuta, Ogun State, yesterday.

Obasanjo, who described the Presidentelect as an experienced leader who had once been at the helms of affairs of the country, also charged

him to take the right steps within the first three months of being sworn-in to navigate the country to the right path and direction.

Emphasising that Nigerians are watching and counting to see what would be done to better their lots, Obasanjo said Nigeria and Nigerians have a “new opportunity” in the in-coming administration of to make the country work for the better again.

Obasanjo, who maintained that Nigerian economy had been poorly managed within the last eight years, advised Buhari to be honest and truthful, warning that he should not do any “cover up” or try to play an “ostrich” on Nigerians.

He said that there are high expectations about the in-coming government to sort things out quickly for Nigerians.

He also added that there is equally a high level of

goodwill locally and internationally in favour of the new government.

Obasanjo assured the market leaders that he believed in the political acumen of the President-elect at leading Nigeria aright, insisting that Buhari is not a novice in governance.

“The situation was like this when I took over in

1999. No light, no fuel, but it didn’t take us so long before the issues of light and fuel were resolved.

“There’s something very important that I observed, the incoming President has a lot of experience, he’s not a greenhorn, it is not as if he hasn’t been into power before, he is experienced.

“He knew what we did

to turn things around, even when we were there together during the military regime, we did it together, and it was as a result of our performance that we were invited to do it again.

“What I would say is that we should all put our minds at rest, he’s someone that would perform but we must exercise pa-

tience, ‎because what has been destroyed for eight years cannot be undone overnight.

“But like the Chinese proverb, ‘the journey of a thousand miles starts with a step’, it is not only first step but first step in the right direction because if you took a wrong step, you’re not likely to get to the destination,” he said.

Jonathan urges Nigerians to pray for Buhari’s government Rotimi Fadeyi ABUJA

P

resident Goodluck Jonathan yesterday urged Nigerians to pray for the success of the in-coming government of Gen. Muhammadu Buhari.

Jonathan spoke at the Presidential Thanksgiving and Inauguration Church Service held at the National Christian Centre, Abuja.

According to him, the incoming government needs more prayers because whatever mistake they

make in the affairs of the country would affect the whole nation.

He maintained that Nigerians want good governance and prosperity as well as peace and unity of the country He said he was happy that the Church service was for the inauguration of a new government and not for the celebration of disintegration of the country or mass burial.

While bidding the congregation goodbye ahead of Friday’s handover, the

President thanked Christians for their prayer and support during his administration.

In his message, Primate of the Church of Nigeria (Anglican Communion), Nicholas Okoh told Jonathan that on the eve of his leaving office, he should reflect on what he has done right or wrong like King David in the Holy Scripture who would always seek for forgiveness from God. Okoh, who emphasised forgiveness in his message, said as God always

forgives, Nigerians should forgive each other, especially people who had disappointed them one way or the other He explained that without forgiveness, there is no access to God. The cleric described the last election campaigns as the toughest, costliest and most bitter in the history of the county He pleaded with Nigerians to be patient with the incoming government, saying that it takes time to build.

National Mirror www.nationalmirroronline.net

Monday, May 25, 2015

5

6

News

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Telcos, OPS raise alarm over fuel crisis CONTINUED FROM PAGE 2

their flights, while international airlines have re-routed services in and out of Nigeria to pick up aviation fuel.

For instance, Virgin Atlantic flights from Lagos to London Heathrow were reported to have diverted to Accra, Ghana and Majorca off southern Spain, while Air France services from Paris stopped in Dakar, passengers said.

Yesterday, the situation caused hundreds of passengers, who had hitherto hoped to get to their destinations, but were not notified of cancellation of their flights, to be stranded at the airports, especially in Lagos and Abuja.

A strong source close to one of the leading airlines, claimed that no fewer than N500 million is lost daily by airlines, agencies, ground handling companies and others providing associated services due to the scarcity of aviation fuel.

Besides, Aero Contractors, in a statement from its media consultant yesterday attributed the recent delays and cancellations to the general scarcity of aviation fuel.

The statement explained that the airline would not be able to operate over 80 per cent of its domestic flights as scheduled.

It noted that in the last few weeks, supply of aviation fuel had been irregular, which had compelled it to cancel some flights and apologised to its customers for the inconvenience they might have experienced.

It urged customers to always check its website or contact the call centre agent to affirm if their scheduled flight would operate.

Chairman of Airlines Operators of Nigeria, AON, Capt. Nogie Meggison, said the high cost of aviation fuel has been a recurring issue that must be addressed in the country.

Meggison declared that aviation fuel takes about 40 per cent of airline’s operating cost, adding that the high cost of the product was affected by a chain of supplies.

It would be recalled that activities had reached their lowest ebb in the country’s aviation industry in almost two months because of the Jet A1 scarcity.

Just last month, Arik Air claimed to be losing at least

$1m daily (about N200 million) to the scarcity and the skyrocketing price of the product.

In a related development, the telecommunications sector is also threatened as two major telecoms operators, MTN and Airtel, yesterday warned of imminent collapse of their services as the impact of the fuel scarcity takes more toll on them.

MTN warned that its network faces shutdown if “significant quantity of diesel in the very near future to prevent a shutdown of services across Nigeria” is not sourced.

“If diesel supplies are not received within the next 24 hours, the network will be seriously degraded and customers will feel the impact,” it added.

The company’s Corporate Services Executive, Akinwale Goodluck, hinted that diesel generators that power most MTN’s base stations and switches across the country were experiencing low fuel supply.

Similarly, Airtel Networks Limited informed its customers and the general public that the prevailing situation regarding the scarcity of diesel and other petroleum products was presently impacting negatively on its services.

The telecoms operator in a statement indicated that the fuel crisis was threatening its commitments to delivering best-in-class quality of service and seamless telephony experience to all Nigerians.

It stated: “While we are currently doing everything within our means as well as going the extra mile to ensure that all our base stations and switches are up and running, it is sad to note that it is becoming increasingly difficult to replenish current stock of diesel due to the lingering scarcity of the product.

“We are also concerned that if the situation persists, it may have adverse effects on our network, impacting both voice and data services.

“Airtel, therefore wishes to assure all customers that we will continue working with all our partners and stakeholders to mitigate any negative impact as we remain committed to our promise of providing exceptional services just as we seek the cooperation and understanding of all while apologising for any inconvenience at this time,” the

company added.

Reports from Taraba State also indicated that residents yesterday lamented the lingering fuel shortage in the country and called on the President-elect, Mohammadu Buhari to quickly intervene as soon as he assume office.

Business and social activities in Abuja were yesterday almost brought to a standstill as virtually all filling stations closed shop.

Residents faced hard time as prices skyrocked even at the black market where motorists usually resort in times of extreme scarcity was virtually none existence.

National Mirror gathered that 10 litres went for as much as N400 and most intercity transport parks were overcrowded as airlines cancelled flights.

“As it is going, a litre of fuel will hit N1,000 before the end of the week. Imagine I bought 10 litres for N4,000, the same quantity I bought for N2,700 three days ago. The way it is going one litre will hit N1000,” said

Emma Ani, a motorist.

The situation is causing frustration among residents in the Federal Capital City.

Before now, many independent marketers hardly sell at the regulated N87 price, particularly since the scarcity of petrol started.

Aside the Nigerian National Petroleum Corporation, NNPC, petrol stations and outlets belonging to major oil marketers like Conoil, Total, Mobil, Oando and Forte Oil, most other filling stations sell the product above the regulated price.

Scarcity of fuel had continued throughout the country, lasting for over a month in some states.

In Abuja for instance, motorists are systematically adjusting to the condition of spending quality man-hours on fuel queues, especially when they know that the filling station is dispensing at the regulated pump price.

After driving around the Federal Capital Territory, our correspondent reports that it was mainly petrol stations in the city centre that

sold fuel at the regulated N87 per litre price.

Other stations in satellite towns away from the city centre sold the product from N125 per litre.

A cross section of Taraba residents who spoke to National Mirror blamed the fuel crisis on corruption and urged the incoming government to tackle the problem head-on as it takes over government.

“How can the world’s most populated black nation and the giant of Africa as we claim, not get patrol for our daily runaround when we are among the major oil producing countries of the world, if not because of the activities of our corrupt leaders?

“For decades now, we have been exporting crude and importing refined oil because, corruption does not allow us to maintain our refineries,” one of the residents, Adugu Bako, lamented.

Most filling stations across the state are without the product and the little ones with stock are selling at between N150 and N250

per litre, depending on the location, while motorist queue for hours.

In the meantime, black marketers are cashing in on the crisis to exploit consumers as a litre of fuel now sells for N400 in most parts of the state and between N250 and N300 in Jalingo.

Efforts to get the state chairman of the Independent Petrol Marketers Association of Nigeria, IPMAN, for comment failed, but an official of the association who did not want his name mentioned, said the fuel situation was a national problem and that it is being handled by major stakeholders in the oil sector, expressing hope that soon the problem would be over.

Investigations showed that oil marketers also sell petrol at arbitrary prices in Uyo, Akwa Ibom State and other states in the South South.

A marketer said during a telephone interview with our correspondent yesterday that fuel scarcity had paralysed economic activities in Uyo and its environs.

Shops destroyed by insurgents in Baga being inspected by assessment team of National Emergency Management Agency, NEMA, during visit to Baga in Maiduguri, Borno State. INSET: NEMA Director of Search and Rescue, Air Commodore Charles Otegbade (left) and Capt. Donatus Otobo, at the General Hospital, Gajiram, during the visit, yesterday.

PHOTOS: NAN

States shared N2.92trn from ECA in four years –FG CONTINUED FROM PAGE 1

and Minister of Finance, Dr Ngozi Okonjo-Iweala, indicated that the figures showed that the states received N966.6bn in 2011, N816.3bn in 2012, N859.4bn in 2013 and N282.8bn in 2014.

The statement which was signed by the minister’s Special Adviser, Paul Nwabuikwu, attributed the low figure for last year to the steep decline in revenues due to the impact

of the crash in global oil prices, which began in the middle of the year.

The disbursements to states showed that Akwa Ibom got N265bn, compared to Rivers State’s N230.4bn and Delta State’s N216.7bn.

Bayelsa received N176.3bn, Kano N106.5bn and Lagos N82.9bn.

Other collections by the states showed that Kwara State collected N52.8bn, Enugu N51.6bn,

Gombe N47.7bn, Nassarawa N46.9bn, Ekiti N46.8bn and Ebonyi N44.3bn.

According to the statement, summary of the inflows and outflows from the Account shows that the opening balance was $4.56bn in 2011 and reached a peak the following year at $8.7bn before declining to $2.3bn in 2013.

The statement indicated that the fluctuation in the ECA reflected the sharing of the proceeds

usually requested by state governors as well as the practice of Augmentation which involves additional sharing from the ECA when available funds are not adequate to meet revenue projections.

It also clarified that subsidy and SURE-P payments were also made from the Account during the four year period.

The balance as at May 2015 is put at $2.07bn.

National Mirror www.nationalmirroronline.net

News

Monday, May 25, 2015

7

NDLEA to Kashamu: Stop accusing Obasanjo, George over ordeal OLUSEGUN KOIKI AND FEMI OYEWESO

N

ational Drug Law Enforcement Agency, NDLEA, has told arrested Senator-elect from Ogun State, Buruji Kashamu, to stop pointing accusing fingers against former President Olusegun Obasanjo and former Deputy National Chairman of the Peoples Democratic Party, PDP, Olabode George, over his predicament.

The NDLEA stated that rather than accuse the two politicians of having a hand in his arrest; it expected Kashamu to squarely face the charges levelled against him and act honourably.

The drug agency in a statement signed by spokesman, Mitchell Ofoyeju, said it would today drag Kashamu to Federal High Court for onward extradition to the United States of America, U.S.A. Ofoyeju described the case against the accused as “his personal problem.”

He said a formal request for his extradition had been received from the embassy of USA, adding that according to official report, Kashamu had been on the wanted list of both the U.S. Drug Enforcement Administration, DEA, and Immigration and Customs Enforcement, ICE, of the Department of Homeland Security, DHS, for some time.

He emphasized that

Kashamu was indicted in the Northern District of Illinois, United States on charges brought against him by ICE. According to the United States court documents, Kashamu in his days as the leader of a prolific heroin trafficking ring based in Chicago, Illinois was known as “God,” “Daddy,” and “Kasmal”.

He was wanted to stand trial on charges of conspiracy and importation of controlled substances, namely heroin, into the United States dating back to 1994.

The statement added, “Kashamu, who holds dual Nigerian/Beninese citizenship, has taken multiple preemptive actions to thwart U.S. extradition efforts such as making fanciful claims that his is a case of mistaken identity, and that his deceased brother is responsible for the crimes he is being sought after in the United States. He has filed injunctions at the federal court both in the Northern District of Illinois, United States and in Nigeria to prevent his arrest and prosecution.

“These are issues that Kashamu should prepare to address rather than point accusing fingers at eminent elder Statesmen who have no connection with the ongoing investigative process. The Senator who was placed on house arrest at the weekend is expected to appear in court in less than 24 hours.”

L-R: Accountant General of the Federation, Mr. Jonah Otunla; Minister of State for Finance, Amb. Bashir Yuguda; member, House of Representatives, PHOTO: NAN Hon. Nkoyo Toyo and Minister of Finance, Dr. Ngozi Okonjo-Iweala cutting cakes during a send-forth in her honour in Abuja.

FG approves N2bn for 4 new universities

F

ederal Government has approved N500 million for each of the four Federal Colleges of Education upgraded to Universities of Education as administrative and running costs.

The colleges are Adeyemi College of Education, Ondo; Federal College of Education, Zaria; Federal College of Education, Kano and Alvan Ikoku College of Education, Owerri.

Dr Nnamdi Olebara, Special Adviser, Media, to Malam Ibrahim Shekarau, Minister of Education, disclosed this yesterday in Abuja in an interview

with the News Agency of Nigeria, NAN. Olebara said Shekarau made the announcement when he met with provosts and governing councils of the new universities of education on May 23, in Abuja.

He said the minister assured the gathering that they would be retained.

Shekarau said the Federal Government had directed TETFund to disburse the approved sum to each of the institutions.

“The old laws establishing the colleges of education will be repealed in due course and the ap-

propriate legislatures will regularise the universities of education,’’ the minister said.

Shekarau said the ministry made concerted efforts to get the Federal Executive Council, FEC, to approve the upgrading because of the need to promote teacher education.

He expressed optimism that the upgrade would attract more Nigerians into the teaching profession with a view to producing first-class teachers.

The minister said: “The National Universities Commission and the National Commission for

Colleges of Education will supervise the transition of these institutions to their new status.

“Government will appoint Chancellors and Vice-Chancellors for the new institutions.

“The provosts will become the Deputy ViceChancellors in the interim as the Federal Government has directed that no ViceChancellor will serve in his or her zone of origin.’’

The Federal Executive Council on May 22 approved the upgrade of the four Federal Colleges of Education to Universities of Education.

NNPC clarifies award of N95bn by French court CHIDI UGWU ABUJA

M

anagement of Nigerian National Petroleum Corporation, NNPC, has opened up on the reported award by a French court of N95 billion compensation against the corporation in favour of Lutin Investment Limited, in a long-standing dispute.

The corporation made the clarification in a statement signed by its Group General Manager, Group Public Affairs Division, Ohi Alegbe.

According to the statement, the report which made the headlines on

Saturday, was fraught with material inaccuracies, which could have been avoided if the reporter had taken care to check the facts with NNPC. The corporation noted that the matter has since been laid to rest with the execution of a Settlement Agreement between NNPC and Lutin Investment with the corporation paying the said amount as full and final settlement.

The NNPC explained that the saga began in 2007, when Lutin Investments Limited (Lutin) obtained an arbitral award against NNPC for the amounts stated in the story.

“While Lutin made sev-

eral attempts to enforce the judgment within the Nigerian judicial system and by appealing to various successive government officials, including the past Attorneys-General mentioned in the story, and in various other jurisdictions, including the United States and France, NNPC resisted the enforcement of the judgment and sought to have the arbitral award set aside on grounds, inter alia, that the award was irregularly obtained.”

The corporation stated that in late 2014, following appeals by Lutin to the Federal Government and after taking advice of NNPC’s external French counsel

on the matter, the corporation offered to pay to Lutin the judgment sum it was awarded at the arbitral tribunal in 2007 if Lutin would waive all claims for interest and any additional amounts.

“Lutin accepted this offer, the parties entered into a Settlement Agreement to that effect, NNPC subsequently paid the settlement amount and the matter was thus finally settled.”

The NNPC further stated that it was an express condition of the settlement that both parties waive any benefits that might accrue to them from the judgment of the French court (which at the time was imminent

and which French counsel advised would not be stopped by the settlement).

The corporation informed that subsequently, the French court rejected NNPC’s challenge to the arbitral award. Contrary to the news story, the French court did not set aside the Settlement Agreement entered into between NNPC and Lutin in November 2014. That agreement was not in issue at all in the French court. The only issue before the court was whether to uphold an order of 2007 made by a lower court in France recognising the arbitral award.

The oil corporation said due to their agreement,

Lutin cannot seek to enforce the French judgment having expressly waived its rights to any benefits that might accrue from the judgment and having accepted the payment of the amount awarded to it in the arbitration (excluding interest and costs) as full and final settlement of all controversies between the parties.

“Therefore, as far as NNPC is concerned, all issues arising from the Lutin arbitration have been finally settled and there is no judgment debt of N95 billion or any amount whatsoever due from NNPC to Lutin,” the corporation stated.

8

South West

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Cleric urges prayer for Buhari over appointments ABIODUN NEJO ADO EKITI

C

lerics across the country have been urged to assist the President-elect, General Muhammadu Buhari, with prayers over the composition of his cabinet and other political appointments he will make on assuming office.

A renowned cleric and General Overseer, Hour of Mercy Prayer Ministry Worldwide, Moniya, Ibadan, Prophet Moses

Muyideen Kasali, said the prayers were necessary to ensure that wrong persons, who would be clogs in the wheel of progress, were not appointed.

Kasali told journalists in Ado Ekiti, Ekiti State capital, at the weekend that; “this is not a time of jubilation for clergymen in Nigeria, but a time for prayers to ensure Buhari does not appoint wrong people into his cabinet”.

The cleric, who is in Ekiti State for a five-day revival, said the incoming presi-

dent needed to sacrifice the corrupt elements around him and as well address the issues of insecurity, corruption and power to make a difference.

He said: “In actual fact, General Buhari is loved because he has the passion to make Nigeria great. But I have fear that the incoming government may not do much. Buhari has good name and the potential that can move the country forward, but he is being surrounded by wrong people considering the present po-

litical configuration.

“Spiritually, I have seen that this may be the major problem of his government.

Wrong advice to our leaders had always derailed every successive government in Nigeria. When you are good and you have bad advisers surrounding you, you will get derailed, no matter how committed you are. Buhari would have been the Messiah.

“I saw a revelation that a good captain was sailing the country’s ship, but for the handiwork of some people

who wanted to participate at all cost, it submerged.

“With what happened during the March 28 election, it is evident that God had fulfilled destiny for Buhari and he has to reciprocate by leading with the fear of God. With prayers from all anointed men of God, Buhari will lead the country well,” the cleric said.

Kasali, who said he was in Ekiti State to pray with the people to avert calamity and misfortunes, said the multi-faceted crises

rocking the state showed it needed prayers for deliverance from bondage.

He said: “Ekiti is the most educated state in Nigeria. It ought to be witnessing development, but rather, it has been from one problem to the other. A spiritual assessment of the situation revealed that there is a power somewhere working against it, which makes the land sick.

“Ekiti has potentials.

This is the time to wake up and fight against the power of darkness tormenting it.’’

Insecurity: Fayemi seeks unity in Ekiti ABIODUN NEJO ADO EKITI

F

L-R: Member, Queen of Apostle Old Girls Association, Chief Annette Adejumo; representative of Our Lady of Apostles Sisters, Rev. Sis. Nuala Edozien; Emeritus Archbishop of Catholic Church, Felix Alaba Job; Principal, Queen of Apostle Commercial Grammar School, Mrs. Aderike Ojeyinka, and Permanent Secretary, Oyo State Tescom, Mrs. Teresa Olaitan, during thanksgiving mass to mark PHOTO: NAN the 60th anniversary of Queen of Apostle Commercial Grammar School in Ibadan, yesterday.

ormer Ekiti State Governor and All Progressives Congress, APC, chieftain, Dr Kayode Fayemi, yesterday decried how the relationship between indigenes and settlers in Ado Ekiti, Ekiti State capital, suddenly degenerated to the level of destruction of properties.

Fayemi urged all Ekiti people and other stakeholders to join hands against the twin evil of violence and kidnapping,

NOGICD ACT: Court restrains Samsung, Total, others on Egina contract GBENGA OGUNBUFUNMI

A

Federal High Court sitting in Lagos has restrained the Attorney General of the Federation, AGF, National Petroleum Investment Management Services, NPIMS, Nigeria Content Development Monitoring Board, NCDB, and two limited liability companies, Samsung Heavy Industries Nigeria Limited and Total Upstream Nigeria Limited, from taking any action towards the execution of award of the contract relating to the Floating Production Storage and Offloading Unit, FPSO, in the Egina Field within OML130 pending determination of the substantive suit.

The court also restrained the defendants

and their agents from giving effect or implementing award of the aforesaid Egina FPSO contract either by way of operating or executing same in any way whatsoever pending determination of the substantive suit.

The presiding judge, Justice Okon Abang, gave the order after hearing the submissions of parties involved in the suit.

According to the affidavit sworn to by a legal practitioner, Mr John Iyene Owubokiri, and filed before the court by a Lagos based lawyer, Barrister Olukayode Enitan, the plaintiff averred that the scope of Egina FPSO oil field which is expected to produce 200,000 barrels of oil per day as stated by Samsung Heavy Industries Nigeria Limited is expected to create 50,000 jobs and is thus strategic to

the future of the Nigerian economy.

Owubokiri averred further that there are established guidelines by NNPC for tendering and award of fabrication projects in the oil and gas industry, but the guidelines were not complied with in the final award of the Egina FPSO to Samsung, as there were alleged irregularities and various breaches of extant laws of Nigeria in the award of the contract to the company. ‘’The defendants breached provisions of the Nigeria Oil and Gas Industry Content Development Act, NOGICD, 2010 and relevant laws guiding the fiscal regime of the oil and gas industry. ‘’The NOGICD Act stipulates that Nigeria Content Development Monitoring Board established by the

Federal Government of Nigeria for the supervision, co-ordination, monitoring and implementation of the Nigerian content plan in the Nigerian oil and gas industry shall approve advertisement, qualification criteria, technical bid document, technical evaluation criteria and the proposed bidders list in bids for project in excess of one million US dollars.

The Egina FPSO contract is in the sum of 3,143,499,498 U S dollars,’’ the plaintiff said.

It was further averred that Nigeria Content Development Monitoring Board established noncompliance with NOGICD Act in the technical evaluation criteria submitted

by Total Upstream Nigeria Limited and directed Total Upstream Nigeria to take corrective action before

Nigeria Content Development Monitoring Board can grant the approval to proceed, but Total ignored the directive of the NCDMB. Without approval, Total in contravention of NOGICD Act, proceeded to launch the commercial stage of the Egina FPSO contract, despite the fact that the Nigeria Content Development Monitoring Board did not approve the recommendation to award as prepared by the company regarding the Egina FPSO. Owubokiri, also contended that the covert launching by Total Upstream of its call tender without approval of technical stage and commercial template was in breach of the law, standard practice and the established process for tendering in the oil and gas industry.

which, according to him, are strange to the culture of the land.

The governor spoke at the Palace of the Ewi of Ado Ekiti, Oba Rufus Adejugbe, during a visit to the monarch over the drivers’ unions and Hausa residents clash and destruction of property in the ancient town.

Fayemi, alongside former members of his cabinet, also visited the Hausa community in the new area named Sasha where they have been relocated and the spot of the market inferno, promising the incoming Muhammadu Buhari government’s assistance.

The former governor also condemned the spate of kidnappings of Ekiti professionals and other innocent people, saying “the present negative image of Ekiti had begun to take toll on the economic activities in the state”.

He recalled how those who engaged in the hospitality businesses in the state were lamenting low patronage.

He said: “Some of my colleagues and friends would have accompanied me to Ekiti, but many of them declined the invitation as result of the spate of violence and kidnapping. I don’t think Ekiti deserves this negative label.

This is why I am calling on well meaning indigenes of this state join hands with those who are willing to return peace to the state”.

In his response, Oba Adejugbe thanked the former governor for the visit, urging him not to relent in his efforts to ensure that the peace reigned in the state.

National Mirror www.nationalmirroronline.net

South West

Monday, May 25, 2015

9

New police boss lauds Bi-Courtney on security OLUSEGUN KOIKI

N

Chief Medical Director, LUTH, Prof. Chris Bode appealing to Medical students of the University of Lagos College of Medicine in IdiAraba, Lagos, who barricaded the school’s entrance, protesting insecurity and neglect by the administration after robbers invaded the school premises and carted away phones and other personal belongings, yesterday.

Oyo, Chinese firm partner on rail construction

O

yo State government has signed a Memorandum of Understanding, MoU, with Chinese firm, CCECC, to construct a light rail transport system covering about 24 kilometres within Ibadan.

Governor Abiola Ajimobi during the signing ceremony at the Executive Council Chambers of the Governor’s Office, Ibadan, at the weekend, described the development as another milestone in his administration’s quest to modernise

major cities in the state.

He said the project was long overdue for the state with a population of over 10 million, stressing that any city with a population of at least two million required a light rail system of transportation.

Ajimobi said the state was moving up a notch with the provision of the light rail system to ease traffic congestion and reduce the cost of transportation for individuals as well as small and large scale businesses within

Ibadan metropolis.

He explained that the rail system would initially operate within Ibadan metropolis before being extended to other cities in the state.

Chief Engineer of the Chinese firm, Mr. Li Binj, said his firm did not just come to the state with cutting-edge technology, but also with the desire to transfer such technology to the local people who he said would be engaged for the project.

Binj, while giving details on the project, said

it would move from Ojoo to Mokola, to Ibadan end of Lagos-Ibadan Expressway.

He said the project would cover about 24 kilometres within the state capital, adding that it would be completed within three years.

Binj, who signed the MoU on behalf of his firm, said the project would give employment to thousands of people in the state, aside the transfer of technology to those who would be involved in executing the project.

Ondo electricity workers protest unpaid severance allowance OJO OYEWAMIDE AKURE

H

undreds of former staff of the defunct Power Holding Company of Nigeria, PHCN, in Ondo State, at the weekend, marched into the streets of Akure, the state capital, to protest failure of the Federal Government to pay their severance allowances.

The protesters carried placards with inscriptions such as ‘We served for over 15 years without pay, benefits’, ‘We are dying, please help us’.

They marched from Hospital Road to other parts of Akure, decrying government’s inability to pay their entitlements.

The electricity workers, who were mainly contract staff of PHCN

before privatisation of the power sector, were disengaged from service two years ago.

Lamenting that the management had assured them the government would pay their entitlements, the former PHCN workers said many of their group were dying of hunger.

One of the protesters, Tunde Bada, said it was unfortunate that after two years of privatisation, government had not considered it important to pay their severance allowance after having served over 15 years.

He said: “We are pleading with government to help us; we are dying. We are here to beg because we know this government is going and we don’t know our fate. We are tell-

ing Nigerians to come out and help us.

“We have been doing everything through our union for over two years and the union has been saying they are going to do it. We are surprised that in Akure district, we

still have over 70 people that are yet to be regularized, which is not so in other zones.”

Another protester, Jacob Aluko, urged the incoming government of Presidentelect Muhammadu Buhari to consider their plight.

ew Commissioner of Police, Airports Command, Taiwo Lakanu, has commended management of Bi-Courtney Aviation Services Limited, BASL, operator of Murtala Mohammed Airport Two, MMA2, Lagos, for its emphasis on security and comfort of travellers using the terminal.

The police chief in a statement by his spokesman, Mr. Remi Ladigbolu, said the structures already put in place by operator of the terminal had made the job of the police and policing very easy.

Lakanu spoke at the weekend during a familiarisation visit to MMA2 terminal.

Ladigbolu recalled that the comment by the police chief was coming barely two weeks after Minister of Aviation, Os-

AfDB invests N3trn in member countries

A

frican Development Bank, AfDB, said it has invested $14.78 billion (N2.91 trillion) in the agriculture sector of its Regional Member Countries, RMC, in 46 years to grow their economy.

Director of Agriculture and Agro-Industry Department of the bank, Chiji Ojukwu, stated this in a statement published on the bank’s official website.

In the statement, retrieved by the News Agency of Nigeria, NAN, on Sunday in Lagos, the director said between 1968

Fashola commissions Candel’s agrochemical manufacturing plant

L

agos State governor, Babatunde Fashola, will tomorrow commission the integrated manufacturing facility for crop protection chemicals and foliar fertilisers at Lekki Free Zone.

The multi-billion naira project, which is only in its first phase, when completed will deliver a facility with capacity for 80 million litres of for-

mulated products per annum.

It will enable Candel Company Nigeria Limited, an agricultural inputs development and distribution company, to deliver solutions most suited to Nigeria’s tropical climate and peculiar farming systems.

There is currently no local production of crop protection agrochemi-

ita Chidoka, said the terminal remained the best in the country.

The police boss, who lauded the commitment of the management team to providing a secure environment for travellers and other airport users at all times, noted that the open communication channel that had existed among all stakeholders was the driving force behind the successes recorded so far.

While urging the preservation of the cordial relationship, he appealed for more collaboration as this would go a long way in making the job of policing the airport community effective and efficient.

Also, the Chief Executive Officer of BASL, Christophe Penninck, maintained that MMA2, though a very sensitive environment, had enjoyed good working relationship with men of the Nigerian Police and other security agencies.

cals in Nigeria with over $400 million in foreign exchange expended annually to import them.

Crop protection chemicals protect crops from weeds, pests and diseases when in the field, during transportation and in the store and are helping the quest for increased crop yields and better preservation by Nigerian farmers.

and 2014, the bank had approved 876 operations.

These operations had commitments valued at approximately $14.78 billion that provide support to agriculture and rural development.

“Between 2010 and 2014, about 230,000 kilometres of feeder roads were constructed and/or rehabilitated and 563,000 people benefited from improved access to transport.

“About 1.5 million people had access to improved technology and some 600 production and marketing facilities were constructed.

“In terms of natural resource management, more than 0.8 million hectares of land have been improved through re-plantation/ reforestation, benefiting about 19 million people, 45 per cent of whom were women,” Ojukwu said.

According to him, one of the standout projects in agricultural infrastructure includes the Uganda Community Agricultural Infrastructure Improvement Programme that won the U.S. Treasury Honour for Development Impact in 2013.

10

South East

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Anambra APGA repositions with 28-member executive Charles Okeke AWKA

M

oves toward repositioning Anambra State chapter of the All Progressives Grand Alliance (APGA) over the weekend crystalised in the election of a 28-member state executive committee headed by a former Commissioner for Special Duties, Chief Norbert Obi, as chairman.

The committee also has

Tony Ifeanya as Secretary, and Mr. Chinedu Nkwonta, as Publicity Secretary.

The officials were elected through a consensus arrangement that was affirmed by 1,139 delegates drawn from the 21 local government areas of the state, among whom were party secretaries, House of Representatives and the state House of Assembly members-elect and key political office holders.

Other members of the

committee elected at a special congress conducted at the Women’s Development Centre in Awka last Saturday were Mr. Tony Nwakire as Treasurer, Chief Anagbogu Titus, Vice Chairman (South), Ibenka Chinyere, Women Leader, Mr. Peter Ozumba, Y outh Leader, Mr. Chinedu Nchekwube, Auditor, and three ex-officio members, including Mr. Oraka Ignatus and Angus Ochinogu, etc.

The state Governor,

Chief Willie M. Obiano was represented at the event by his Chief of Staff, Prof. Joe Asike, while the state Commissioner for Commerce, Trade and Industry, Mr. Featu Onejeme served as the chairman of the state Congress Committee.

Highlights of the event were the formal introduction of the new executive council members and speeches from the immediate past chairman, Chief Mike Akunwata Kwentoh,

and his successor, Obi. Speaking during the ceremony which lasted several hours, Chief Kwentoh, said he was optimistic that with the election of a new executive, APGA has been repositioned to become a major opposition party in Nigeria.

He expressed joy that the party is now growing rapidly and spreading to other parts of the country.

Speaking on behalf of members of the new executive council of the party,

Chief Obi described the event as a new dawn in the history of the party.

The new state chairman who hails from Ozubulu, South Senatorial District, promised that his committee would strive to make APGA stronger and live up to the confidence reposed in it.

Chief Obi thanked the all members of APGA, particularly the governor, for giving his committee the opportunity to serve.

You must support governor-elect, clergy urges Elechi Aliuna Godwin ABAKALIKI

B

ishop of Methodist Church of Nigeria, Diocese of Abakaliki, Rt. Rev. Godfrey Agupusi, at the weekend tasked outgoing governor of Ebonyi State, Chief Martin Elechi, to support the governorelect, Engr. Dave Umahi, to enable him record uncommon development and success as the state is known for peace.

The clergy made this charge during an interdenominational church service to mark the 2015 Democracy Day celebration held at a branch of the church located at Oguja road, Abakaliki. He enjoined the governor to put aside all wrongs done to him and shun any act of bitterness in the interest of the people.

Agupusi lamented that the last general elections in some parts of the country was a declaration of war without the use of gun, calling on Igbo people to know the importance of leadership and put their house in order to enable them participate in the incoming administration.

“Today is the happiest day in the life of Chief Elechi. You came on board aggressively and wanted to fix the state within eight years.

Now, you are leaving office in good health. You can count your gains and losses in the past eight years. You must translate your handshake with your deputy and governor-elect, Engr Umahi who won the just-concluded governorship election into ‘heart-shake’ in the interest of peace and progress of the state.

In his remark, Governor

Elechi noted that he was controling his emotions to avoid shedding tears of joy resulting from the many challenges still facing the state at the end of his administration.

He said he was accused of an attempt to sabotage the incoming administration just as he protested that some of his cabinet members as well as other prominent politicians loyal to him who have just defected to the All Progressive Congress, APC, are being threatened less than 24 hours of their defection.

Elechi argued that citizens of the state especially his loyalists have a right to join any party of their choice and should not be molested or threatened.

The outgoing governor commended the Christian Association of Nigeria, CAN, Ebonyi State chapter for its doggedness in supporting his administration since the past eight years and appealed to the body to equally assist the incoming administration, especially with prayers for peace, progress and success of the state.

He recalled the assistance of CAN to the state government when it clashed with the Nigeria Labour Congress, NLC, Ebonyi State chapter, warning however that the labour body should not interfere with matters that concern political parties.

“My greatest contribution to Ebonyi State is the promotion of peace. My administration has always respected human rights and the aspirations of the people in order to ensure peace and development of the state,” he said when asked about his most significant contributions to the state.

L-R: Enugu State Governor, Mr. Sullivan Chime (3rd left) flanked on his left by Catholic Bishop of Enugu diocese, Most Rev. Dr. Callistus Onaga, Bishop Emeritus, Most Rev. Dr. Anthony Gbuji, Governor-elect, Hon. Ifeanyi Ugwuanyi, Deputy Governor-elect, Hon. Mrs. Cecilia Ezeilo, governor’s sister, Mrs. May Oji, Mr. Tochukwu Chime (son) and his daughters, Mrs. Adaora Chukwu, Miss Ezinne Chime (right), shortly after a valedictory mass at the Holy Ghost Cathedral, Ogui, Enugu, yesterday.

Factional APC chieftain condemns purported solidarity rally for Buhari in Ebonyi Aliuna Godwin ABAKALIKI

C

hairman of the All Progressives Congress, APC, Ebonyi State chapter, Mr. Ben Nwobashi, at the weekend, dissociated himself and members of the party from the purported solidarity rally held on Saturday by a faction of the party led by Pastor Eze Nwachukwu Eze, in support of President-elect, General Muhammadu Buhari (rtd), where new members were admitted into the party.

The rally, according to the party, was spearheaded by members of the Labour Party with the help of some “disgruntled elements” whose intention are to hijack the party’s structure in the state.

Mr. Nwobashi, in a statement signed and made avail-

able to journalists in Abakaliki, noted that the state executive committee was not aware of the purported rally, and therefore does not receive the blessing of the party’s leadership either in the state or at the national level.

He expressed dismay that some members of the party, who are supposed to play advisory roles towards peaceful co-existence in the party are the ones causing crisis in it, just to score cheap political points.

He reiterated the position of the party which requires that any new member must first go to his or er wards and register, as the party has suspended membership registration to concentrate on ensuring smooth transition in the country.

The chairman alleged that some stakeholders of the party have gone into secret alliance with the La-

bour Party and aggrieved Peoples Democratic Party, PDP, members to destablise the APC, adding that the leadership of the party in the state was not contacted on the programme.

National Mirror gathered that the event was to showcase the popularity of the former national chairman of the defunct All Nigerians Peoples Party, Dr. Ogbonnaya Onu, as part of the supremacy tussle in the state chapter of the party, as the lobby for the office of the Secretary to the Government of Federation, SGF, thickens.

Nwobashi lamented that the purported defections may affect the APC negatively in the state and wondered “why Onu must be encouraging corrupt and disgruntled politicians who were forced out of the PDP to come and infect the APC with their corrupt tenden-

cies?”

Recall that the purported rally was almost stopped as the state police command barricaded the state township stadium, the scheduled venue for the rally when they got information that some elements were planning to use the event to cause mayhem. But the organisers swiftly shifted the venue to the campaign office of one of Governor Martin Elechi’s loyalist, along Abakaliki-Enugu expressway.

When contacted, the state Police Public Relations Officer, DSP Chris Anyanwu, said the police did not stop the rally but that when they discovered that the President-elect was not coming as claimed, coupled with intelligence report that crisis may erupt at the venue, they decided to cordon off the venue to avoid breakdown of law and order.

National Mirror www.nationalmirroronline.net

South South

Monday, May 25, 2015

11

Edo workers cancel planned strike

…accuses clerics, royal fathers of partisanship Dennis Naku

PORT HARCOURT

R

enowned cleric and Archbishop of Diocese of Niger Delta North, Most Rev. Ignatius Kattey, has urged outgoing Rivers State governor, Chibuike Amaechi, and Governor-elect Nyesom Wike, to reconcile.

However, Wike has promised to turn the state around when he assumes office on May 29.

Kattey stated this yesterday while delivering a sermon during the inauguration church service of the Peoples Democratic Party, PDP governor-elect, Wike, and his deputy, Dr. Ipalibo Harry Banigo, at St. Paul’s Anglican Church, Diobu, Port Harcourt.

While advising Amaechi and Wike to see themselves as brothers, the cleric flayed traditional rulers, pastors and other clerics that took sides during the last general election.

“Pastors, men of God and traditional rulers should be non-partisan. They should not take sides in politics.

Amaechi and Wike are all Rivers people,” Kattey said.

He advised the governorelect not to abandon God, stressing that Wike should realise that he would be governor of Rivers State, not of party or religion.

Kattey, whose theme of sermon was ‘Praise God’, further told Wike to be appreciative of God’s faithfulness having emerged victorious at the last gubernatorial election in the state,

pointing out that had it not been God’s will, he would have failed.

He noted also that, just as Governor Amaechi was grateful to God for saving him from PDP, by granting APC presidential victory, so he (Wike) should also thank God for PDP’s victory at the state level, because he could not have known his fate at the end.

He reminded Wike of his earlier denial of being a member of secret society, saying: “All of us have taken you by your words. Be firm. If you say you are not a secret cult member, stand firm.”

In his vote of thanks, the governor-elect reiterated that he would rebuild the state, where things functioned.

Wike, who spoke through the Chairman of Transition Committee and former Deputy Speaker of House of Representatives, Chief Austin Opara, recalled that their journey to Brick House started in 2013.

He emphasised that his administration would ensure a functional legislature and judiciary, as well as respect for traditional institution.

O

rganised labour has cancelled its proposed threeday warning strike in Edo State following agreements reached after a closed-door meeting with the state government.

Executives of the Nigeria Labour Congress, NLC, Trade Union Congress, TUC, and Joint Negotiating

E

we registered slightly above 2,000 patients.

“We know the cases are more than that because some cases were treated by private medical practitioners who do not use drugs supplied by the donor agencies,” he said.

Igbinosa said there were 197 centres in the state that offered free TB services to patients under the national TB control programme.

He, however, said a major challenge affecting the success of the national programme on tuberculosis in the state was the fear of stigmatisation against sufferers.

The control officer said stigmatisation had prevented sufferers from access-

May has also been withdrawn. The 8% that was deducted from workers’ salaries will be paid back.

So the proposed warning strike has been called off,” he said.

Otoide thanked Governor Oshiomhole for his quick intervention and for always standing by the labour movement at all times.

Amended law okays 5-year single tenure for AAU VC

overnor Adams Oshiomhole of Edo State has signed into law a bill amending the tenure of Vice Chancellor of Ambrose Alli University, AAU, Ekpoma, from a four-year renewable tenure to a fiveyear single non-renewable tenure.

While assenting to the

TB prevalence raises concern in Edo do Tuberculosis (TB) and Leprosy Control Officer, Dr Osagie Igbinigie, yesterday expressed concern over the high rate of tuberculosis infections in the state.

He expressed the concern in an interview in Benin.

While stating that there were numerous cases of the infection in the state, the control officer noted that over 2,000 cases were registered in 2014.

He said the figure could be higher as some cases were recorded in private hospitals.

“There are many cases of TB in the state; in 2014

from Monday, May 25, after a meeting between the Edo government and Joint Negotiating Council, including NLC and TUC, the strike action has been suspended.

“The circular from the office of the Head of Service announcing the commencement of the pension scheme with effect from

Akwa Ibom State Governor-elect, Udom Emmanuel and Governor Akpabio, during a thanksgiving to mark Akpabio’s 8th year as governor in Uyo.

G Kattey

Council, JNC, announced suspension of the proposed strike shortly after meeting with Governor Adams Oshiomhole on Friday.

Representative of organised labour, JNC chairman, Shaka Otoide said: “In view of the notice we gave Edo State government to embark on a three-day warning strike with effect

ing treatment, and advised against it.

He said: “People are aware of the disease because we carry out campaigns at the state and local government levels.

“One challenge we have is fear of stigmatisation, the way people react to someone that has the disease. TB is like any other disease and can affect anybody.”

He said other challenges affecting the programme in the state included poor accessibility to some rural areas, unfriendly behaviour of some health workers to TB patients and shortage of manpower.

Igbinosa advised patients

bill, Oshiomhole said the need to conform to best practices as obtains in other national varsities as well as ensure peace and development in the school accounted for amendment of the Vice Chancellor’s tenure.

The governor said, “We have decided to amend the session as regards the ten-

suffering from the disease to adhere strictly to their medications, noting that improper medication often resulted in drug-resistance.

He said the commonest symptom of the disease, which is transmitted through the air, is persistent cough that must have lasted for two or more weeks.

“When people inhale the TB bacteria into their body, they may or may not come down with the disease.

“Some factors make it possible for a person to be infected such as weak immune system, amount of bacteria inhaled and length of exposure to the source of bacteria.

ure of the Vice Chancellor in order to bring it in conformity with the general practice around the country. It is now a public secret that the tenure of Vice Chancellors in federal universities has been adjusted to five-year single tenure that is non-renewable.

“The tenure of the Vice Chancellor under the AAU Act had been a four-year renewable tenure. Which means the VC can sometimes spend up to eight years as Vice Chancellor. We have decided to amend this section of the Act so that we bring it to conformity with the practice elsewhere because we think it makes a lot of sense.

“It is an open secret that the competition for Vice Chancellorship has assumed a dimension that can be quite dysfunctional to the peace of the academic environment. I am therefore convinced that the idea of limiting the tenure to one term of five years is helpful.”

The governor also expressed his satisfaction with the administration of

the present Vice Chancellor, Prof. Cordelia Agbebaku, which he acknowledged has brought lot of development to the university through astute management of resources as well as stabilising the institution and ensuring peace.

He said, “I also want to use this opportunity to state that Edo State government, based on the reports received from the Council of Ambrose Alli University and our own general overview of goings-on at the institution, convinces me that the Vice Chancellor is doing a fantastic job under a very difficult environment.”

The governor added, “The tenure of the present VC by this amendment automatically would be five years and I hope this would lay to rest the agitation and argument that the tenure of the Vice Chancellor has expired.

It has not; not only because we have amended this law but also that the last Vice Chancellor who was there spent a period of five years though the law hadn’t been amended.

12

North

Monday, May 25, 2015

Southern Borno alleges discrimination over minimum wage Inusa Ndahi MAIDUGURI

A

n association under the auspices of The Voice of Southern Borno, VOISB, on Sunday appealed to the in-coming government in Borno State to fully implement the N18, 000 national minimum wage in southern part of the state.

Southern Borno comprises nine local government areas, where five councils are located in Sambisa Forest.

A press statement issued

yesterday in Maiduguri to newsmen by VOISB Chairman, Mallam Mohammed Ya’u, said their colleagues in the northern part of Borno State are enjoying 60 percent implementation of the N18, 000 national minimum wage.

“Workers in affected councils in southern Borno are, however, languishing in poverty, because of non-implementation of the minimum wage of N18, 000,” Ya’u said.

Ya’u said the Voice of Southern Borno is a pressure group which compris-

es nine local government staff and retirees from all local government areas of southern part of the state with its headquarters in Biu Local Government Area of the state.

The statement reads in part: “Members of VOISB don’t know the reason for the disparities in salaries since they belong and work under the same Borno State Government and they go to the same market.”

“They see no reason the northern part should benefit 60 percent of the minimum wage while the

government has not implemented it in the southern parts of this state.

“The local government areas in northern Borno have been enjoying 60 per cent of the said minimum wage even without any verifications and this has given us the impression of biased leadership.”

Ya’u in the statement therefore; appealed to the state Governor, Kashim Shettima; who is returning for his second term this week to correct disparities in implementation of the minimum wage.

PHCN poles on Yelwa Federal Polytechnic Road in Bauchi, destroyed by rainstorm on Saturday.

PHOTO: NAN

Kogi APC chieftain seeks leadership’s intervention in crisis

S

enator Alex Kadiri, a leading member of the All Progressives Congress, APC, in Kogi State, has pleaded with leadership of the party to intervene in the crisis rocking the party in the state.

In an interview with the News Agency of Nigeria, NAN, in Abuja, he said the intervention was fundamental to the repositioning of the party in the state.

He expressed concern that various intra-party leadership crises were rocking the party in the state.

Kadiri called on stake-

holders in the party to do the right thing by looking into the crisis in Kogi State to prevent it from disintegration.

He urged party leaders to take cognisance of the work done by people at the grass roots and sustain the ideologies of the party.

He cautioned that APC members should not allow the ideals of party to wane because the belief of some people is that the party is made up of strange bedfellows.

He alleged that some leaders of the party in the state dominated the affairs of the party by

forcing their views and making some members to swear to an oath of allegiance to them.

“Let there be structural change in the leadership of the party in the state, let us do things differently.

“Democracy is a system where you monitor those in leadership and if they are not doing well, you change them; it is how you use the human beings that make a system democratic,’’ he said.

Kadiri, therefore, called on stakeholders in the party to resolve their differences amicably and

move the party to greater height.

National Mirror www.nationalmirroronline.net

Jang tasks Lalong on uncompleted projects James Abraham JOS

O

utgoing Plateau State Governor, Jonah Jang, yesterday urged his successor, Simon Lalong, not to abandon the numerous uncompleted projects in the state initiated by his administration, but to ensure they were completed for the benefit of the people.

The governor stated that his government, just like other administrations in the world, was unable to complete all the projects it set out to execute in the last eight years and expressed hope that the incoming administration would continue the good works.

Jang also pledged to support the incoming APC administration in the state to enable it succeed Jang who spoke during a thanksgiving church service as part of activities to mark the transition programme which held at the Government House Chapel in Jos yesterday said “Anyone who is on that seat we will support the person to succeed in other to make Plateau greater,’’ he assured.

“We have completed some of the projects, some are ongoing and others are still on the drawing board and we hope that the incoming government would complete them”.

“When we came on board in 2007, there were some uncompleted projects initiated by the administration before us and we completed them,’’ he said.

Also speaking, the Gov-

ernor- elect, Sımon Lalong urged people to love one another and remain united, saying that it is only through unity that the desires of the people would be met.

Lalong who was represented by one of his aides Mr. James Barry said that hatred destroys a people, but love unites and helps in the process of bringing the desired development.

The governor-elect appreciated God for keeping Nigeria and indeed Plateau State one and promised not to do anything that would threaten the unity of the people.

Speaker, Plateau House of Assembly Mr Titus Alams, in his remarks, said that they would be leaving office as happy persons because of the legacies they are leaving behind.

Alams said that the legislative arm under his leadership served the people with all their hearts and that made it possible for the achievements recorded in the state.

He, however, apologised to civil servants that were owed salaries, saying that it was not deliberate and blamed the dwindling oil revenue for the situation.

Pastor Chidiebere Harry, Chaplain, Plateau Government House Chapel, urged leaders to take responsibility for their actions, as they would give account of their actions to God. The cleric who anchored his sermon on Genesis 2:5 tasked those who have been elected to occupy leadership positions to take responsibility so that God would release his blessings unto them.

Privatisation: BPE yet to notify us of YEDC withdrawal —NERC

N

igerian Electricity Regulatory Commission, NERC, says it has not received any information from Bureau of Public Enterprise, BPE, indicating the withdrawal of Yola Electricity Distribution Company, YEDC, from the privitisation arrangement.

According to Mr Steven Andzenge, Commissioner, Legal, Licencing and Enforcement of NERC, the company still covers Yobe, Borno, Adamawa and

Taraba for electricity distribution.

He told the News Agency of Nigeria, NAN, in Abuja on Sunday that YEDC was still carrying on with its operations in the states.

“As far as NERC is concerned, YEDC has not entered into any force majeure in its dealings with NERC as a regulatory institution,’’ he said.

He said that in spite of the security challenges in the North East region, the company was still operat-

ing in the region.

“Yola Distribution Company has not filed any force majeure with the commission; we admit that there were security challenges in the geo-political zone.

“The company has been able to carry on business in some of its business centres in the region,’’ he said.

He explained that the commission only got the information about the withdrawal of the investor through the newspapers.

Monday, May 25, 2015

F

ollowing the April 11 gubernatorial and state Houses of Assembly elections, former Speaker of the House of Representatives, Aminu Bello Masari emerged winner and became Katsina State’s governorelect.

Masari’s election win also saw the entire 34 state House of Assembly seats going to candidates of his political party, the All Progressives Congress, APC. Before that, during the Presidential and National Assembly elections, his party had won the number one seat in the country, as well as all state’s three senatorial seats and the 15 of House of Representatives seats.

It was the first time since 1999 that an opposition party would achieve such feat, as the Peoples Democratic Party, PDP, had held sway for the past 16 years.

The closest the opposition had come to winning overwhelmingly in a general election was in 2011, under the defunct Congress for Progressive Change, CPC. At that time Masari, who had contested for the same position against Governor Ibrahim Shema, had faced anything but a smooth process within the CPC. Two factions had arisen, one in support of Masari, the other in support of another gubernatorial candidate, Senator Yakubu Lado Danmarke.

Two primaries were held at different times, with Masari and Lado emerging as parallel gubernatorial candidates, a development that further polarised the party.

During the election, the CPC went on to win the three senatorial seats, 12 of the 15 House of Representative seats, and three of the 34 state House of Assembly seats.

But the factional problem cost the CPC the gubernatorial and it lost the seat to the incumbent state governor.

This is in addition to Lado’s anti-party activities, in which he was said to have sold out to the PDP in exchange for huge amount of money and position at the Niger Delta Development Commission, NDDC. The factional problem also affected the National Assembly members as winners from both sides had to be removed from office at least on one occasion, only to be reinstated after court judgments.

But the Masari-led faction, which had Muhammadu Buhari’s and national headquarters of the CPC’s support, saw its National Assembly members serve as lawmakers to date.

Interestingly, Masari’s electoral victory made him the first since 1999 to come from the Southern part of the state to superintend over the affairs of the state.

The first state governor in the present Fourth Republic was the late President Umaru Musa Yar’Adua. Yar’Adua was from Katsina Central and served for two terms of eight years, between 1999 and 2007, before he became Nigeria’s president.

His successor, Governor Shema, is from Dutsinma council area, also located in Katsina Central, and was of the PDP. Both men, however, had deputies from the Southern part of the state.

As Masari assumes office on May 29, there are hopes his administration would build on what his predecessors had done, even though they are of different political parties.

Even Shema had emphasised this some days ago, when he called on the incoming administration to ensure continuity in governance.

It is known in not a few quarters that Shema had carried out some projects that had led to the socio-economic transformation of the state.

However, pundits are of the opinion that Masari needs to focus on some key sectors that would help improve on the state’s current developmental status.

One such area that needs focus, they said, is the agriculture sector, being that 70 per cent of people in the state are reported to be farmers.

National Mirror www.nationalmirroronline.net

13

Politics

Expectations as Masari assumes office on May 29 JAMES DANJUMA enumerates the challenges the incoming Aminu Masari administration will have to contend with and what he needs to do to take Katsina State to the next level.

Masari

They said he needs to ensure quality and timely distribution of fertiliser products to genuine farmers, promote mechanised farming, and encourage all-year-round farming for food availability.

Closely related to this is the issue of rural development; most of the state is rural which often leads to heavy rural-urban migration.

The new government could make and execute polices that allows for quality rural transformation by making available basic amenities as found in the urban areas.

In the area of education, pundits said attention should be given to quality teaching-learning process, by retraining of teachers and hiring best hands to run public schools.

They added that professional teachers of English Language, Mathematics, and the sciences, are paramount in transforming the sector.

Another area that needs attention is provision of po-

As Masari assumes office on May 29, there are hopes his administration would build on what his

predecessors had done, even though they are of different political parties.

table water; the state capital and environs often face huge water problems.

This is more so during dry seasons, a situation the encroaching Sahara desert may be responsible for.

Some years ago, the Federal Government had tried to channel water from Zobe dam in Dutsinma council area to the state capital and its environs.

The project is yet to see the light of day due to low budgetary allocation made over the years, while equipment meant for the project have virtually been abandoned.

They advised that such project among others should be looked into by incoming administration, so that water would be made available to many.

They also said the new administration should look at ways to boost internally generated revenue to complement what comes as statutory allocation.

And according to them, one way to do this is to harness existing mineral resources, as well as encourage private businesses to thrive where taxes could be collected.

They also called for collaboration with the Federal Government among other stakeholders to deal with problem of cattle rustling.

The state, especially the Southern part, has been faced with the problem, with hundreds of people killed or maimed, with thousands of cattle rustled over the years.

In addition, they called on Masari to seek suggestions from professionals and other groups on how best to run the state for a speedy socio-economic transformation.

The governor-elect had some weeks back, set up a committee of professionals from the engineering, water, power and other sectors, to come up with ideas on how to transform the state.

Born May 29 1950, Masari, who hails from Kafur council area, had his primary education at the Kafur/Malumfashi Primary School from 1957 to 1963.

He attended the Government Secondary School, Funtua, from 1964 to 1968, and AWS Training School, also in Funtua, from 1972 to 1973.

He obtained a post graduate diploma in Water Quality Control and Management from the Middlesex Polytechnic, London in 1982.

He attended the Administrative Staff College, Badagry for a month in late 1999, where he obtained a management certificate.

He served as Works Commissioner under the Saidu Barda-led administration from 1992 to 1993, and had a few years earlier risen to an Assistant General Manager, state Water Board.

He was elected on platform of the PDP in 1999 as House of Representatives member for Kafur/Malumfashi constituency, where he served as a floor member.

In 2003, he was re-elected and became Speaker; it was during this time that the infamous third term agenda of President Olusegun Obasanjo came up in which he strongly resisted.

Masari is recipient of honorary doctorates, including one from the Federal University of Agriculture, Abeokuta in 2005, and another in 2007 from the University of Nigeria, Nsukka.

14

Politics

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Sambo lied over success story of PHCN unbundling –CNPP Olajide Omojolomoju

C

onference of Nigerian Political Parties, CNPP, has described as blatant lies the statement credited to the outgoing Vice President Namadi sambo that the unbundling of the Power Holding Company of Nigeria, PHCN, was successful.

Expressing outrage at the statement credited to Sambo, CNPP, in a statement by its National Publicity Secretary, Osita Oke-

chukwu, said that available records show “that one and half years after the Federal Government privatised the unbundled assets of the PHCN, the successor companies have not fared better, to say the least, service delivery has been epileptically poor.”

It said the reason why the opaque nature of the privatisation process, which facilitated the Distribution Companies, DISCOs and Generating Companies, GENCOs, ending up in wrong hands was very obvious.

Okechukwu said: “To

this less than transparent statement from Arc Sambo, outgoing vice president, who as chairman of the National Council on Privatsation, NCP, presided over the privatisation of our electricity substructure; permit us to borrow from the comedian, Chika Okpala, alias Zebrudaya, his often used epitaph - Foul!

Foul! Foul!

“We are witnesses to how Mr Atedo Peterside, chairman Technical Committee of NCP, shouted to the high heavens when companies which failed woefully in the Net Present

Value, NPV, threshold assessment of the Technical Committee were corruptly handed over our commonwealth - Electricity Generation and Distribution Assets.

“To us in the CNPP, the mess which the vice president rated successful, was a colossal failure, because today we have less that 2000MW, the lowest electricity output in a decade; since the fraudulent winner companies were unable to meet the original intendment of privatisation; which is the revamping of our electricity substruc-

ture.”

CNPP expressed unhappiness that Peterside was vindicated, for six months later, most of the companies were unable to pay up their bid price on schedule, and unable to fix the electricity infrastructure, hence came cap-in-hand begging for financial support and today arbitrarily increasing tariff out of the range approved by the Multi Year Tariff Order of Nigerian Electricity Regulatory Commission, NERC. It said: “Had Sambo listened to Peterside and stopped the impunity

which governed the unbundling exercise, the issue of loaning or indeed dashing N230 billion to DISCOs couldn’t have arisen. For by the time we finish borrowing money to revamp the companies and pay severance allowance to PHCN staff, the whole money received as auction fee must have evaporated into thin air,” describing the situation as that of a family, which out of frustration auctioned its rickety vehicle, only for the buyer to come back requesting for loan from it to fix the vehicle.

Bye election: Constituents prefer Yale for Borno Central Inusa Ndahi MAIDUGURI

F

ollowing the death of senator-elect Ahmed Zannah Khalifa, last week, fresh battle for Borno Central senatorial seat have commenced in earnest, even as some constituents said they prefer former Senator Kaka Malam Yale who had once held the office.

Yale represented the senatorial district as candidate of the then ruling defunct All Nigeria Peoples Party, ANPP, from 2007 to 2011, when he voluntarily stepped down for former governor, Ali Modu Sheriff, who was eventually defeated by late Senator Khalifa, who was then a candidate of the Peoples Democratic Party, PDP. Khalifa who died of a protracted illness had defected to the ruling All Progressives Congress, APC, some few months to the general elections where he was returned just as all candidates of the party were.

Speaking at a joint press

conference granted by various trading unions and associations within Borno Central senatorial district in Maiduguri yesterday, the spokesman of the group, Lawan Mustapha Konduga, said of all that have begun to show interest in the vacant seat, none of them possessed the starling qualities and political experience of Senator Yale.

He said: “Yale is the man needed for this job; we have once tested him and attest to the positive benefits of his representations. Apart from that, we want an honest and trusted politician who shares similar starling qualities like that of President-elect General Muhammadu Buhari.

“We should remember, Senator Yale is not a green horn in Borno politics; he has been the chairman of Konduga council several times where we all appreciated his unprecedented achievement that earned him the ‘Best Local Government Chairman in Nigeria Award’ from no lesser person than the then President Olusegun Obasanjo.”

Participants at the APGA State Congress in Awka on Saturday.

Osahon Julius BAYELSA

I

ndications that the race for the 2016 Bayelsa State gubernatorial election may be the ‘mother of all elections’ in the oil rich state and outgoing President Jonathan Goodluck home state have continued to emerge with recent happenings, com-

Tension as Bayelsa PDP Disciplinary Committee summons Jonathan’s aide, loyalists over anti-party activities ments and body languages of politicians in the state as they prepare to do battle with incumbent governor, Seriake Dickson.

Already there is rising tension in the fold of the Peoples Democratic Party, PDP, and on the streets of

Ijaw youths’ll support incoming government – IYC President Ebere Ndukwu

I

jaw Youth Congress, IYC, President worldwide, Udengs Eradiri, has said youths of the area will not be returning to creeks, saying that the region will support the Muhammadu Buhariled incoming government if he keeps his manifesto and implement his electoral promises to the people.

Speaking during an interaction with select journalists in Lagos, Eradiri

said: “We want to take the administration by its words.

While they were campaigning they said a lot of beautiful things, they talked about the amnesty programme, developing the Niger Delta, rebuilding refineries and coastal roads. We want to hold them to their words.

But if the administration come and does the opposite, then IYC is not the only organisation that is in the region. There are other splinter organisations that don’t believe in non-violent agita-

tion.”

Adding that both the North and South West supported Jonathan when he ran his first election and while in power, Eradiri said: “It will be irrational, insensible and unthinkable to say that we will not support Buhari’s administration when the same people supported our own. It’s only because we didn’t play the cards properly in the eyes of the people that led the propaganda to move against us.”

He said: “The opposi-

tion should know that the outcome of the election especially in the South-South and South-East indicated that the President-elect is not widely accepted as the President of Nigeria. Buhari has to win the heart of our people because these are two regions that have a history of agitation for self determination and secession from Nigeria. They cannot ignore us. They have political power, we have economic power. We need to be symbiotic for there to be progress.”

Bayelsa over the disciplinary committee set up by the party and the recent outburst of Dickson, who fire a salvo to his assumed political opponents in the state.

Taking a swipe at those he considered as enemies of his government and the people of Bayelsans, Dickson had said: “Please tell these people that we are ready for them. We are ready to spread the restoration story. Their own politics is for their families and wives. But our politics is for the development of the state. When next they come to you, please ask them what they have done for Bayelsa.”

Also the summon extended by Disciplinary Committee to seven key political associates of President Jonathan in the state including Senior Special Assistant, SSA, to the Presi-

dent on Domestic Matters, Dr. Waripanmowei Dudafagh and six others over alleged anti-party activities has increased the growing tension.

Others summoned by the committee include the senator representing Bayelsa Central senatorial district, Emmanuel Paulker, former senator representing Bayelsa East, Nimi Barigha-Amangi, suspended state PDP chairman, Col. Sam Inokoba (rtd), former deputy governor, Rt. Hon. Werinipre Seibarugu and former Speaker of the state Assembly, Rt. Hon. Nestor Binabo.

Recall that BarighaAmange, Seibarugu and Hon Binabo had last week shunned the Disciplinary Committee describing the invitation as laughable and a deliberate act of witchhunting.

National Mirror www.nationalmirroronline.net

Views

Monday, May 25, 2015

15

Africa: Once upon a continent ISSA AREMU You can’t hate the roots of a tree and not hate the tree. You can’t hate Africa and not hate yourself -Malcolm X

T

oday is Africa Day! What then about it when a billion Africans worldwide in 2015 muddle through without African consciousness? We have all the structures and institution - Africa Union (AU), African Heads of States and Governments, African Parliament, etc - but we lack the real thing that would drive the African institutions: African consciousness. How many Africans remember Africa (Liberation) Day? It’s time we reinvented pan-Africanism with a demand for a continent-wide obligatory observance of Africa Day. We must promote the education and consciousness about African Renaissance!

On May 8th every year, Europeans in unison pause (with public holidays!) to mark the Victory over Nazi Germany’s aggression and oppression in Europe during the Second World War. Sixty million people (including thousands of Africans) reportedly died during Adolf Hitler’s war of attrition. But lest we forget, as many as some 100 million African lives were lost to the 19th century European brutal colonial terrorism and earlier 300 years of the transatlantic slave trade!

Younger Africans must be aware of the enormous sacrifices of the founding fathers, who through resistance and nationalism

fought for African liberation. Otherwise we lose them permanently to complacency and complicity that may nourish a repeat of the tragic history of enslavement and coloniaization. No thanks to loss of memory, Africa is sliding back into primitive tribal wars (witness South-Sudan); xenophobia, crude and violent tribalism (ala South Africa), ethno-religious wars (Nigeria’s Boko Haram and Central Africa Republic). These mutually destructive war-types in the past undermined African communities before the colonial predators came calling. Modern day visa lotteries and serial Mediterranean tragedies with boats carrying thousands of African migrant workers sinking underscore the truism that lack of memory ruins a continent.

Dr. Nkosazana Dlamini Zuma, the Chairperson of the African Union Commission must bring some renewed energy and pro-active activism into the AU secretariat if Africa must matter in a globalized world. I searched in vain for the 2015 theme of the Africa Day anniversary. One recalls an OAU of Togo’s Edem Kodjo (1978 - 1983); Nigeria’s Dr.Peter U. Onu (1983 - 19 85) and Tanzania’s Dr Salim Ahmed Salin (1989 - 2001). OAU commendably offered Africa the needed leadership in the struggle against apartheid in South Africa and last vestiges of colonialism in Zimbabwe, Namibia and Angola. Nigeria is better positioned by its checkered solidarity history in the struggle for African liberation to lead a renewed panAfricanism. But that is if it’s outgoing leaders halt the last minute reported criminal scramble for “take away” Commonwealth. Or bet-

WE CANNOT DRIVE INDUSTRIALIZATION WITH POWER OUTAGES IN

ACCRA, LAGOS OR JOHANNESBURG!

ter still, if the incoming ruling party officials stop agonizing over sharing (as distinct from production) formula based on their zones, regions, villages and clans.

On assumption of office this weekend, General Muhammed Buhari must definitely act to re-fix Nigeria. He must, however, with equal energy think and act African and indeed global. General Murtala Muhammed almost single handedly roused Africa to action over Southern African liberation with the famous Africa-has-come-of-age speech. Africa today begs for quotable leaders! We need self reliance. If poorer Africa built OAU Secretariat independently, why would Africa with triple figure GDP rely on China to remodel AU secretariat years after? Contemporary Africa parades big chieftains, with their wives, wealth and power, but little vision, idealism and love of the continent.

Africa Day raises the nostalgia of eminent great African statesmen like Dr Kwame Nkrumah, Dr Nnamdi Azikwe, Tafawa Balewa, Sekou Tuore, Murtala Muhammed, Samora Machel, Amilcal Cabral, Thomas Sankara, Nelson Mandela and non-state pan Africanists like Mariam Makeba, Ngugi Ngugi wa Thiong’o, Fela Anikulapo Kuti, my late dear

Dee Bob @ 90: Amazing Grace Continues EMMA AGU

T

here is always the temptation to wax emotional and hyperbolic when doing a tribute on a benefactor. But how does one comment on Dee Bob (Chief Bob Beremako Ogbuagu) without waxing emotional?

Not to do so will amount to a disservice to the energy, zest and passion he throws into friendship, something many of us cannot attain, even if we were to live up to 90 years. But here is a unique specimen of God’s work, a rare human being whose personality defies age, gender, race, personal belief and status.

Thirty-one years since my first meeting with Dee Bob, I find it instructive, even intriguing, that nothing has changed in my impression of him as a charming, unassuming personage, a noble spirit who epitomizes love in its pristine expression and content. Perhaps that explains the difficulty of matching him as a role model.

Mr. Mike Gandonu, then principal of the Citizenship and Leadership Training Centre, in Lamingo, Jos, Plateau State of Nigeria, had written a letter, aptly tagged a ‘testimonial’, introducing me to Chief Ogbuagu. That was way back in 1984, three years after I completed the mandatory national youth service and was job-hunting. Instantly, Dee Bob adopted me as one of his ‘sons’. As the years roll by, I can attest that he has never for once retreated from loyal commitment to friendship, benign mentoring and uncompromising affinity with the truth, as the fundamental and irreducible principles of living.

For a man who rose from humble begin-

BUT WHAT MOST WORKERS FOUND COMPLETELY AWESOME WAS HIS GREAT CAPACITY FOR WORK AND HIS ENERGY WHICH MADE NONSENSE OF HIS AGE nings to the zenith of government service, professional career and social acclaim, his ascetic life, continuous labour, hard work, compassion and total submission to the will of God will stoutly challenge contemporary preoccupation with vanity and elite malfeasance, ignoble values that have blighted the fortunes of a rather endowed country.

It did not come as a surprise that he was always entrusted with challenging tasks and serious responsibilities. Among the most notable, special mention deserves to be made of his role as executive secretary of the now extinct Eastern Nigeria Development Company (ENDC), under the government of the pace setting Dr. Michael Iheonukara Okpara as premier of the defunct Eastern Region of Nigeria. Putting to practice his legendary organizational skill, broadmindedness and, to quote today’s lingo, ‘zero tolerance for corruption’, from the premier’s office.

In later years, I had the singular privilege of drinking from the fountain of knowledge of this guru in administration. That was in 1995 when, following the appointment of the managing director/editor-in-chief of Cham-

pion Newspapers, Dr. Ihechukwu Maduike as health minister, publisher Chief Emmanuel Iwauanyanwu drafted Dee Bob was from retirement, at the age of 70, to function in a transitional arrangement pending when a replacement would have been groomed. Ever the loyal friend, Dee Bob accepted, certainly not because he needed the job but to satisfy his loyalty to friendship while utilizing the platform to render selfless service to the society.

He threw himself into the job with the zeal of a crusader. He was not a novice to journalism; he was only returning to the profession that he deployed effectively, as publisher/ editor-in-chief of the defunct Northern Advocate Newspaper in Jos, to wage a scathing war against colonial rule under the aegis of the Zikist Movement. It is one of those ironies of history that many a time, that aspect of his illustrious career is often drowned by his rather dizzying successes as Governor of Rotary Club of Nigeria and President of the Nigerian Institute of Public Relations and later, the Federation of African Public Relations Associations, FAPRA. Building on the precedence set by founding managing director/editor-in-chief Prince Henry Odukomaiya and Dr. Madubuike, and drawing from his wealth of experience as administrator par excellence and public relations expert, Dee Bob ran an administration that gave a new impetus to capacity building, strengthened internal controls and guaranteed steady growth while insulating the company from the fallouts draconian operational environment of the time.

But what most workers found completely awesome was his great capacity for work and

friend and pan-Africanist, Dr Tajudeen Abdulraheem who died on Africa Day in a tragic accident in Nairobi six years ago .

At the founding of Organisation of African Unity (OAU) in 1963, Nkrumah rightly observed that independence “is only the prelude to a new and more involved struggle for the right to conduct our own economic and social affairs”. The IMF and World Bank taunt Africa as an emerging market with alluring growth rate of 7 per cent, but market for whose goods? In the 70s Fela Anikulapo Kuti sang and enjoined us to “Buy Africa”. Apart from South Africa, which accounts for 27.3 percent of the subcontinent’s total manufacturing value added, the whole continent is littered with smuggled, second hand and imported goods from Europe and China.

Nigeria scandalously exports crude oil and imports refined petroleum products. It’s time for make-in-Africa, add value to the abundant raw materials, and create jobs for the youths.

Africa should be the value addition and beneficiation/job destinations, which is impossible without electrification. In 1963, NKrumah had noted that “Our continent ....exceeds all the (other continents) in potential hydroelectric power, which some experts assess as 42 percent of the world’s total”. Fifty years after, Africa economy groans under the weight of power poverty. We cannot drive industrialization with power outages in Accra, Lagos or Johannesburg!

Happy Africa Day. Aremu (mni) is Secertary-General of Alumuni Association of the National Institute, Kuru, Jos.

his energy which made nonsense of his age.

He literally ran up the staircase to his second floor office; most young people were unable to match his pace even when, as always, he showed considerable compassion and understanding. By the time he left in February of the year 2000, after a transitional period of five years, he had left an imprimatur as a trusted father, a compassionate leader, an honest man and above all, a contented personage who regarded service, love of neighbour and fear of God as the only values to live and to die for.

For sure, at 90, this patriot has had an impressive run, touching lives. Mine is one of such lives. Beyond the favour of employment, beyond always rising to my defence each time the unfathomable but inevitable corporate intrigues played up, like many others, I will remain grateful for his unbelievable ability to discountenance human frailties, even now! Somehow, he does not have much of a choice. Visit his modestly furnished residence in Owerri, an old fashioned bungalow and you will see, hanging conspicuously on the wall: I STARTED WITH JESUS, I AM STILL IN JESUS, I WILL DIE IN JESUS. No one can make such a claim and not forgive everybody, including Emma Agu, the greatest culprits of all times.

This is wishing Dee Bob many happy returns of the day.

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.

16

Editorial

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

-News

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

SUNDAY OLAJIDE MANAGING DIRECTOR/CEO SEYI FASUGBA DAILY EDITOR GBEMI OLUJOBI SATURDAY EDITOR AYO OLESIN SUNDAY EDITOR BEN MEMULETIWON GENERAL EDITOR DOZIE OKEBALAMA COORDINATOR, EDITORIAL BOARD CALLISTUS OKE EDITORIAL PAGE EDITOR ISE-OLUWA IGE ABUJA BUREAU CHIEF AUGUSTUS IMEKAN ACTING HEAD, GRAPHICS

NASS on fourth constitution amendment

A

fter threatening severally to veto the powers of outgoing President Goodluck Jonathan and pass the 4th Amendment to the 1999 Constitution as law, the 7th National Assembly, specifically the Senate, eventually backed down. Jonathan picked holes with the constitution amendment bill, refused assenting to it, and dragged the federal legislature to the Supreme Court, challenging some issues and the process of the amendment. The apex court, in its wisdom, ordered the maintenance of the status-quo ante and adjourned the matter to June 18, a time when the lifespan of the 7th Senate would have lapsed, with grim assurances that the amendment would be revisited even after the court’s verdict on the matter.

It is not improbable that the merry-go-round the NASS embarked on since 2012 is over at huge public expense; and it is feared the exercise may be jettisoned at the end of the day.

Indeed, had the document been one of the reports of the countless committees or panels set up by the federal executive to interrogate happenings in some sectors of the nation’s life, it would have for long been tossed under the rug and forgotten without any fuss. The apprehension is that the unpredictable fate of the now im-

periled constitution amendment also awaits the implementation of the report of the 2014 National Constitutional Conference, which the Jonathan administration convened and allowed the country’s federating units to dialogue within measured limits and came up with solutions, so to say, to some of the national questions threatening the unity and peaceful co-existence of the nation’s constituents.

Jonathan said he declined assent to the 4th Constitution Amendment because, among other purported infractions by the legislature, it arrogated to itself the power to pass constitution amendments to law without presidential approval. He complained that his assent to the bill would allow the National Judicial Council (NJC) to be the sole authority to appoint the Attorney-General of the Federation. He was also not comfortable with the separation of the offices of Minister of Justice from that of the Attorney-General of the Federation, and the AccountantGeneral of the Federation from that of the Accountant-General of the Federal Government; limiting the period when expenditure can be authorized in default of legitimate appropriation from six months to three months; and provisions for fleeting rights to basic

OURS IS A COUNTRY WHERE EVEN PROMINENT

NASS

MEMBERS TURN STAMMERERS WHEN IT COMES TO COMMENTING ON THEIR SALARIES

education, primary and maternal care services without clear-cut clarifications.

President Jonathan, in addition, raised doubts on NASS’s compliance with the constitutional provision on the 4th Amendment.

He said the exercise must be supported by the votes of not less than four-fifths majority of all the members of each House of the NASS and approved by a resolution of the Houses of Assembly of not less than two-thirds of all the states in the federation (Section 9 [3] of the 1999 Constitution), et cetera. Senate Leader, Victor Ndoma-Egba, however, insisted that the NASS met the constitutional requirement of four-fifths. Besides, he said the Senate would go to court to challenge the Supreme Court order that the status quo be maintained till June 18. Ndoma-Egba said the Senate was in the process of asking its lawyers to approach the apex court, seeking to abridge the time within which the case should be heard from June 18 to an

ON THIS DAY May 25, 1997 A military coup in Sierra Leone replaced President Ahmad Tejan Kabbah with Major Johnny Paul Koromah. After the coup, Koroma was named Head of State and Chairman of the AFRC (Armed Forces Revolutionary Council). Koroma (born May 9, 1960) served as the of Sierra Leonean Head of State from May 1997 to February 1998. He received military training in Nigeria and Britain.

Letters tothe theEditor Editor Letters to

May 25, 2009 North Korea allegedly tested its second nuclear device and also conducted several missile tests, building tension in the international community in the process. The nuclear test was nearly universally condemned. The United Nations Security Council passed Resolution 1874 also condemning the test and tightening sanctions on the country. This was North Korea’s second nuclear test after that of October 2006.

earlier date, considering the fact that the tenure of the 7th NASS would end on or before June 3.

Indeed, it’s all about a bagful of incomprehensible stories after the three years and billions of naira spent on the constitution amendment exercise between 2012 and the present day. Some reports claimed N4 billion was spent on the exercise, but NdomaEgba debunked it, saying instead that the project was funded from NASS’s annual appropriated budget of N120 billion and N150 billion, without mentioning the specific amount involved.

Ours is a country where even prominent NASS members turn stammerers when it comes to commenting on their salaries, allowances and spending. However, even if the N4 billion emerged from the blues, it is still public fund that has been programmed down the drain should the constitution amendment fail to translate to law. That is a huge sum that should have been invested in more profitable ventures that would be beneficial to the Nigerian public. This huge waste of public fund is insensitive and objectionable in a country that lacks basic infrastructure; down with mass unemployment and a population that is largely poverty stricken, among other setbacks.

It is certainly no attribute of good governance.

x May 25, 2013 Suspected Maoist rebels killed at least 28 people and injured 32 others in an attack on a convoy of Indian National Congress politicians in Chhattisgarh, India. A Naxal or Naxalite is a member of any of the Communist guerrilla groups in India, mostly associated with the Communist Party of India (Maoist). The term Naxal derives from the name of the village Naxalbari in West Bengal, where the movement had its origin.

A2 18

Business Courage

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Cover

Naira Devaluation:

Real income, investment

As the efforts by the Central Bank of Nigeria, CBN, to stabilise the naira and sustain the nation’s macroeconomic stability begins to yield modest results, experts say there is the need for Nigerians to patronise locally made goods and stop pervasive abuses of monetary policies, including dollar-denominated transactions locally, in order to improve performance of the economy in the years ahead.

Udo Onyeka reports

T

he Central Bank of Nigeria, CBN, at the last Monetary Policy Committee, MPC, meeting maintained the Monetary Policy Rate, MPR, at 13 per cent but adopted a new approach for the Cash Reserve Ratio, CRR, for public and private sector deposits by aligning them at 31 per cent.

Even before then, the apex banking sector regulatory institution, had in the past few months released some guidelines to ensure foreign exchange market discipline and prevent further depletion of the foreign reserves as fiscal policy threats to the economy became more real than ever before.

Indeed, financial analysts and other economic stakeholders have over the months expressed serious concern over foreign reserves level and are still worried at the exchange rate of the nation’s currency even as it seems the monetary policy is gradually approaching the limits of policy tightening measures.

The Cash Reserve Requirement, CRR, on Private and Public Sector deposits was at the last MPC meeting set at 31 percent.

Previously, the rate for private sector funds was 20 percent and 75

percent for public funds.

The liquidity ratio was retained at 30 percent.

Nigeria’s forex reserves have been on a downward trend since last year, as central bank had to use them to support the naira which lost about 20 percent to the dollar since November of 2014.

As a result of naira’s depreciation, imported food prices have been raising inflation rate up marginally year-on-year with serious depreciative values for real income and investment potentials.

However the MPC in its report stressed the need for proactive measures to protect the reserves buffer, safeguard the value of the Naira, and engender the overall stability of the financial sector.

Stakeholders have said that the naira devaluation had resulted in some micro and macroeconomic indices’ the impact of which has not been salutary to the economy in view of its over-dependence on oil as primary foreign exchange source for the country.

Even though with good intention and unavoidable many industry watchers have said the devaluation is capable of driving export of local products, which do not exist in the required volume for now, but will cre-

Emefiele

ate an additional burden on the populace, the reason being that the cost of consumables, across the board, will escalate if not checked.

There is also the argument that with the raise in the base lending rate the cost of loanable funds would have risen. In such case the development will be counterproductive, and against the thrust of the government’s touted plan to create jobs.

Experts have said that in the developed nations when currencies are devalued, it is to encourage exports, because the prices of local products serve as an incentive and a toast for foreign buyers.

In the process, they earn foreign exchange, increase production and create additional jobs.

Unfortunately, that is not the position with Nigeria considering that the country is import dependent and the citizens

do not patronise locally made goods.

But investigations have shown that the apex is bent on changing this ugly tide.

An economic analyst and university lecturer in the Economics Department, University of Abuja, Dr. Obida Wafure of said the recent devaluation of naira by the CBN have had positive and negative ripple effects on the economy.

According to him the devaluation was capable of encouraging local industries and also bring about closure of many that depend mainly on imported raw materials.

But the situation at the moment had made it difficult to achieve this as there is no power for local industries to use to produce their goods.

“Once a currency is devalued, there are negative and positive effects to the economy, especially

at the value chain of every nation state, but the negative effect supersedes the positive effects.

The negative effect is that it will increase the rate of importation and so many industries will be shut down as they will not afford to import some raw materials.

“It will also lead to unemployment and lower the production capacity and thereby bring about inflation as the Growth Domestic Production, GDP, growth rate will fall.

“Our GDP growth rate is measured by the activities in the economy, so by the time inflation is going on, the economic activity of the country will fall, ‘’ he said.

Wafure defined devaluation as when a currency is deliberately lowered to the value of the money of one country when exchanged with another country’s currency and depreciation when low-

ered naturally.

According to Managing Director of Afrinvest and a renowned economist Ike Chioke, the CBN’s bold step is commendable in the devaluation of the naira.

He said that the action of the apex bank was appropriate in the light of all the challenges the country was facing. “You have seen the oil price decline about 30 per cent from $140 per barrel in June to below $80 per barrel.

For Nigeria, 95 per cent of our foreign currency comes from oil; so clearly, once you see such depletion, a reduction in price of course you will expect to see a gradual decline in our external reserves.

And also, the oil price UDO ONYEKA, CO-ORDINATOR BUSINESS COURAGE udonyeka@gmail.com c

Global Media Mirror Limited

National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 25, 2015

A3 19

implications for economy

given our mono-product economy, our investors tend to look at what oil is doing as a barometer of the gauge of the economy of Nigeria will do. So, once they see oil price going down, they will start taking their money out.

“So, the CBN was then faced with two forces; one is declining oil prices which are reducing result. The other one is international investors who have money in our equity market, that is our capital market system overall, who are pulling out their cash in order to preserve their investment. So, the challenge therefore, facing the CBN. I think the action they took by adjusting the exchange rate to accommodate this unusual situation is the appropriate one”, he said.

Chioke said that these are not the best of times for Nigerians, saying that what is required is for the government to back their monetary policy measures with fiscal policy measures.

“We have seen a very bold and appropriate move by the CBN, we have not seen a counter-balancing bold fiscal policy change from the central government itself such as, if you look at where we

Madubuike

Onaolapo

Chioke

are today, part of the biggest drain on our foreign reserves is oil subsidy.”, he said.

Some operators in the nation’s banking, finance, accounting and manufacturing sectors have also stated their positions with regards to the devaluation of the Naira, increase in MPR rate and other monetary policy decisions of the Central Bank.

According to Chief Executive Officer of Eczellon Capital, a Nigeriabased investment bank Mr. Deikola Onaolapo, Currency devaluation affects a number of things.

Nigeria is largely an import-dependent country at the moment. Even raw materials for manufacturing are mostly imported.

So, you expect that the naira devaluation will significantly affect cost of operations. The other aspect is that investors who have actually entered the Nigerian markets are caught up; their returns on investment have lost as much as the level of the devaluation.

Having said that, however, we are a forwardlooking organisation. If you look at what happened to Nigeria, you will see that the country was impacted by external

shocks; but the external shock was subdued by the efficiency level within the country. One of the lessons we can learn from the current situation is the need for us to improve our efficiency level in our socio-political and economic environment.

It is unfortunate that the country was caught up at the time it did but you could also argue that the administration had embarked on a number of reforms that should move certain aspects of the economy forward in the near future.

Former President of Institute of Chartered Accountants of Nigeria, ICAN, Emmanuel Ijewere, applauded the policy, noting that it was what was expected given the prevailing situation in the global oil market which has led to reduction in the price of crude to less than $70 per barrel. He said the policy decision would boost agricultural production and local goods manufacturing and reduce dependence on imported goods.

On the increase of MPR from 12 to 13 per cent, he said the adjustment would be minimal and might not adversely affect the lending rate as

being speculated. Ijewere also lauded the apex bank for rising up to the occasion, stressing that what was needed at this period was proactive measures by both the CBN and the Ministry of Finance to save the economy from collapsing.

A former Bank Chief Executive, Dennis Odife on his part, said the MPC, before arriving at its decision, must have considered many factors including increased fiscal spending, strong demand pressure linked to political events, volatility in interest rate and stalemate in FAAC disbursements, as well as moderate inflationary pressures.

“The CBN projects the inflation rate to remain below 10 percent for the next four months due to base effects and the impact of a tight monetary policy stance. Nonetheless, the major threat to price stability remains the fear of fiscal dominance and high-powered money,” Odife said.

The Chairman, Association of Stockbroking Houses of Nigeria, ASHON, Emeka Madubuike, said that the economy is losing because importing goods into Nigeria are expensive, while

exports would be cheap, thereby creating room for round tripping of the foreign exchange.

He, however, pointed out that it would result in a boost for foreign direct investment, FDI, even though inflation will surge, as more money will be chasing few goods.

The CBN had employed strategies to redeem the Naira, among many options deployed to defend the currency, was the scrapping of its bi-weekly currency auctions and a market body said it would sell dollars only at N198, a move that amounts to a de facto devaluation of the currency of Africa’s biggest economy.

Also FMDQ, a group comprising Nigeria’s main commercial banks and the central bank, said commercial banks had also been banned from reselling central bank dollars among themselves, another attempt to end speculation in the naira.

The scrapped dollar auctions made up only 10 percent of all forex trade, and abandoning them meant the central bank had effectively ditched its official 160-176/dollar target band, said Chief Executive Officer of Guaranty Trust Bank and an

FMDQ director, Segun Agbaje.

According to Head of Africa research at Standard Bank in London, Razia Khan, This not only allows the CBN to save forex reserves but also effectively gets rid of the distortion of two exchange rates.

The CBN also in April raised concerns over the increasing use of foreign currencies as a medium of exchange in the country and warned that persons caught in the illegal act risked a six-month jail term upon conviction.

In a statement signed the Director, Corporate Communications, CBN, Mr. Ibrahim Muazu, said some individuals and corporate bodies had been using foreign currencies, especially the United States dollar, to price some of their products and services, and were also using same as a medium of exchange.

The development, the bank said, was against the provisions of the CBN Act, 2007, and asked members of the public to report anyone caught transaction business in the country in foreign currencies to it or the Economic and Financial Crimes Commission.

A4 20

Business Courage

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

News

Folarin

Stakeholders task FG auto policy implementation

By Francis Ezem

M

aritime stakeholders in Nigeria have warned of dire consequences on the nation’s maritime industry should the Federal Government go ahead with the implementation of the National Auto Policy slated to take off July 1, without putting adequate framework for its success.

Stakeholders warn against hasty implementation of auto policy.

The National Automotive Council had said recently that the country will conserve a whopping N1.46trn spent annually on importation of vehicles and tyres if the new automotive policy is allowed to run its full course over a period of time.

Under the new policy contained in the 2013 fiscal policy, the government is proposing a 70 per cent tariff comprising 35 per cent levy and 35 per cent duty on Fully Built Units FBUs outside the policy, 35 per cent duty and zero levy on FBUs within the policy, 10 per cent tariff on Semi Knocked Down SKD Parts, five per cent tariff on other category of SKD and zero per cent tariff on Completely Knocked Down CKD and Capital Equipment used in Auto Assembly parts.

This warning is part of the resolution reached by the stakeholders at a town hall meeting organised in Lagos by the National Automotive Council NAC in conjunction with Ships and Ports Communication Limited.

The stakeholders sad that government should ensure that auto assembly plants start rolling out locally assembled vehicles before the implementation of the policy and also accused some auto assembly plants of hiding under the policy to import fully-built units of vehicles under the guise of semi-knocked down SKD units with the intention of shortchanging government of import duty.

Chairman of the Ports Consultative Council PCC, Otunba Kunle Folarin, one of

the stakeholders, said that Nigerians should ask themselves whether the investors can sustain competiveness, slow growth economy or change in the mobility of people.

“When there is an alternative transport mode, will it affect the demand of the policy?,” he questioned rhetorically.

The Deputy President of the National Association of Government Approved Freight Forwarders NAGAFF, Mr. Fred Akokhia said that the auto policy is a catalyst for industrialisation in the country if properly managed He however advised the government not to rush into implementing the policy.

“Government should not rush into implementing the policy rather they should check for what led to the mistakes of the past in order not to repeat it. We should do it in a way that when we come out of it, it would be a near perfect policy,” Akokhia said.

On his part, the National Publicity secretary of Association of Nigerian Licensed Customs Agents ANLCA, Mr. Kayode Farinto, who described the auto policy as ‘dead on arrival’, questioned why NAC has failed to use the money generated under the two percent NAC levy to develop the automobile industry.

“NAC should empower various higher institutions so that they could do research and develop new technologies.

“We must ensure that there is stable electricity because without stable electricity, we can’t get the policy right,” he also said.

Iran, Nigeria partners on economic development

T

he Islamic Republic of Iran is planning to develop economic and trade relations with Nigeria, the Iranian Ambassador to Nigeria, Mr. Saeed Koozechi, have said.

According to him the decision followed Iran’s new policy towards economic cooperation and trade development with the world, with priority to Africa, especially West Africa.

Koozechi stated these at a

Koozechi

news conference announcing the first Iran Solo Exhibition to be held in Lagos next month.

The ambassador said the Iranian government was also planning to establish auto spare parts plants in Nigeria in furtherance of the federal government’s automotive policy aimed at driving indigenous production of vehicles.

According to him, Iran has achieved self sufficiency in car manufacturing with annual production capacity of 1.7 million units, adding that there is need to collaborate with Nigeria in this area.

Koozechi said, “Two of the biggest car manufacturers in Iran will be featuring in the first Iran Solo Exhibition in Nigeria. These companies are going to show the samples of their cars, minibuses and trucks at the exhibition. We have good knowledge in spare parts production because 90 per cent of the spare parts are produced in Iran locally.

“This is a good solution to building spare parts plant in Nigeria and this is a good start for our cooperation. This will help to drive the policy of the Nigerian government in building plants for car manufacturing and spare parts.”

The Executive Manager, Pars Rastak, the organiser of the exhibition, Mr. Mohamad Kani, said top Iranian companies drawn from different sectors would attend the exhibition.

He listed some of the sectors to be represented at the event as building and construction, furniture and decoration, industry and infrastructure, health and medicine, and food and beverages.

According to him, the exhibition is important because the Iranian government is seeking trade relations with Nigeria in order to enhance transfer of technology, among other mutual benefits.

FG appoints VC, Registrar for Maritime University

P

resident Goodluck Jonathan has approved the appointment of Professor Mrs. Ongoebi Maureen O. Etebu and Mr. Anho Nathaniel Esoghene Lucky as Vice Chancellor and Registrar, respectively, of the newly approved Nigeria Maritime University, Okerenkoko, Delta State.

A Statement issued by the permanent Secretary, Federal Ministry of education, Dr. MacJohn Nwaobiala noted that Mrs. Etebu is a Professor of Mechanical Engineering in the Department of Mechanical Engineering, University of Port Harcourt. She graduated with a B.Sc, degree from the Univer-

sity of Pittsburgh, Pennsylvania, USA, in 1982, and went on to obtain a PhD in Mechanical Engineering from the Federal University of Technology, Owerri, FUTO, in 1997.

The Vice Chancellor also obtained an MSc in Engineering from the same university and an MBA programme from the University of Port Harcourt with a bias in Management.

She has extensive working experience in the University community and the Public Service and is currently occupying a Professional Chair for Engineering Management.

The Registrar, Mr. Lucky, obtained a BA (Education) History/Foundations degree from the University of Port Harcourt and a Masters in Industrial and Labour Relations.

He has held several positions in the University Community spanning from Senior Assistant Registrar to the position of Deputy Registrar/College Secretary, College of Health Science, Delta State University, Abraka, a position which he held until his appointment.

The UNIDO representative noted that without the use of metrology, it would be difficult to regulate trade and simple transactions may be open to abuse.

He explained that UNIDO through its NQI project would take up the reins of finalising strategic activities to support metrology towards achieving international recognition.

Director-General, SON, Dr. Joseph Odumodu, said the establishment of the National Metrology Institute would help boost the country’s export base by providing the required confidence and reliability in her exports.

Odumodu said the establishment of the institute would eliminate the incidence of inaccurate measures in trade, manufacturing, export and import activities in the country.

He added that apart from ensuring improved health standards for the citizenry, it would also ensure safe environment by providing accuracy in measurements.

He said, “Metrology, which is the science of measurement, is key to achieving 30 per cent Gross Domestic Product for the manufacturing sector.

NNDC Chairman urges Buhari on infrastructure, energy

T

Li Yong, Director General of UNIDO

UNIDO collaborates with SON on N2.65bn infrastructure project

T

he representative of United Nations Industrial Development Organisation, Mr. Shaukat Malik, has said that both the Standards Organisation of Nigeria and UNIDO have started the implementation of the N2.65bn National Quality Infrastructure project for Nigeria.

The European Union-funded project is aimed at improving standards and quality control in agencies as a way of enhancing quality of products and services.

Speaking during the 2015 World Metrology Day themed, “Measurement in National Development,” Malik said the project would boost the competitiveness of the country’s private sector and ensure the protection of its consumers.

He said, “We acknowledge that the increasing importance of metrology within globalised markets puts more emphasis on the link between costs and quality, quantity and trade.”

he Chairman, Northern Nigeria Development Company, NNDC, Alhaji Bashir Dalhatu, has advised the President-elect, Maj.- Gen. Muhammadu Buhari, to develop infrastructure and energy for faster recovery of the country’s economy.

Dalhatu gave the advised shortly after he assumed office as the new Chairman of the NNDC last weekend in Kaduna.

He appealed to Buhari to devote more time and resources in infrastructure and energy to generate employment for the rising population of the youth and women in the country.

News Agency of Nigeria ,NAN, reports that Dalhatu was former minister of Transport and Aviation, Power and Steel, and Internal Affairs, respectively, in the Gen. Sani Abacha

Dalhatu

National Mirror www.nationalmirroronline.net

administration.

NAN also reports that Dalhatu replaced Alhaji Halidu Abubakar, who served as the company’s chairman for eight years.

The new NNDC chairman said adequate energy and infrastructure would fast tract the effort to revive ailing industries in the country, particularly in the Northern region.

Speaking to newsmen on the company’s focus under his administration, Dalhatu pledged to ensure that industries owned by the NNDC were revived.

According to him, the effort will boost employment generation and faster economic growth in the 19 Northern states and owners of the company.

He said the company would invest more in the agriculture sector and agro-allied industries to revive the region’s ailing economy. ``We are going to focus more attention on the agriculture sector with the agro-allied industries to generate more employment for the youth and women in the region,’’ he said.

The NNDC is owner and stakeholder in many companies in the northern region, including the New Nigerian Newspapers, the defunct Bank of the North and now Unity Bank Plc and Hamdala Hotel Ltd. It is also a major stakeholder in the textile industry, most of which had closed down due to challenges including inadequate energy supply, among others.

Onaeko

ITF trainees to get international certification soon – DG

T

he Industrial Training Fund, ITF, said on Friday that trainees sponsored by the fund in collaboration with the Nigeria Employers’ Consultative Association, NECA and other organisations would soon get international certification.

Mrs Juliet ChukkasOnaeko, Director-General, ITF said this at the graduation

Business Courage

Monday, May 25, 2015

ceremony of automobile technicians in Lagos.

The technicians were trained by Truck Masters Nigeria Ltd, under the ITF-NECA Technical Skills Development Project TSDP. She said that the international certification would enable its trainees work anywhere in the world.

Chukkas-Onaeko reiterated that the training was to reduce the rate of unemployment and place technical education in the front burner.

“I want to congratulate the graduating students, being the first set under the Automobile and Heavy Duty Maintenance and Technician Programme.

“With the government’s automobile policy, I think this is the best time to take up such a task for the automobile industry, especially for heavy duty trucks which are more complex.

“This is a major move to support the government because it reduces the rate of unemployment among the youths.

“Most importantly, it has helped the players in the various industries to raise new breeds of excellently skilled youths, instead of relying on expatriates.

“The certification will also enable our trainees take diploma examinations in their field of training,” Chukkas-Onaeko said.

Managing Director, Truckmasters Ltd, Mr. Tony Arenyeka, lauded ITF-NECA for impacting technical skills on the youths.

The Project Manager, TSDP, Mrs Helen Jemerigbe, said that the training had been on for six years.

Jemerigbe said that the programme was responsible for the trainees’ lunch, stipends and tools.

ficer of CODE, told NAN on Friday in Abuja that the Federal Ministry of Environment had completely taken up the case of the community.

Babayemi noted that most of the machines that were procured for artisanal miners had been abandoned.

“There is the need to build the capacity of artisanal miners on how to use these machines, so that they would not go back to illegal mining.

“We have interacted with the artisanal miners and they told us that they might not be able to use the machines because they did not know how to make them work,” he said.

According to him, the artisanal miners might not use the machines if they are not encouraged to do so.

He, therefore, urged the government to build the capacity of the miners to enable them use the machines in order to sustain the remediation effort in the community.

NAN reports that ‘Follow the Money,’ a non-profit group, had advocated for the release of funds to remediate Bagega community and had monitored the remediation process.

The group is also monitoring and ensuring that rural women have access to the 750,000 clean cooking stoves and 18,000 wonder bags promised by the Federal Government in November, 2014.

NGO urges FG to boost Osita capacity of artisanal Chidoka advocates miners in Zamfara private sector-driven he Connected Development TOrganisation (CODE), a national carrier

Non-Governmental Organisation (NGO), has called on the Federal Government to build the capacity of artisanal miners in Bagega, Zamfara.

The News Agency of Nigeria (NAN) reports that in 2012, an estimated 400 children died, while thousands were poisoned from the inhalation of lead poison in six communities in Zamfara due to improper mining practices.

Bagega, with a population of about 7,535 people including 1,500 children was one of the affected communities of the lead poison.

Mr Oludotun Babayemi, a Monitoring and Evaluation of-

T

he Minister of Aviation, Mr Osita Chidoka on Friday said a private sector-driven national carrier would be the best way forward for Nigeria.

Chidoka stated this when he spoke with newsmen during the official inauguration of the Pilot and International Protocol Lounge at the Nnamdi Azikiwe International Airport, Abuja.

He said that he would share the idea with the major players in the industry, adding that the country needed flag carriers because of its strong domestic market.

“One of the things we are proposing is that Nigeria does

indeed need flag carriers so to say because we are a country that has strong domestic market and have local airlines operating.

“We believe that national carrier that is private sectordriven will be the way to go for Nigeria and we are looking forward to that,’’ he said.

Chidoka said that the Federal Government was determined to end discrimination against Nigerian pilots by making sure that every airline operating in the country had at least a Nigerian pilot.

He said that the measure, which would take effect from June 1, would encourage Nigerian pilots and give them flight experience.

The minister said that the ministry had been working with the Ministry of Interior to ensure that before any airline could bring in foreign pilot, it must have employed a Nigerian pilot.

“Before any quota permission is given for a foreign pilot, the Ministry of Aviation must be contacted by the Ministry of Interior to give a no-objection.

“This is to be sure that such airline has fulfilled the obligation of employing a Nigerian pilot and also has a training plan to keep training Nigerian pilots.

“With that in place, we will then agree for them to bring in foreign pilots,’’ he said.

Chidoka said that all the projects initiated under the current administration were on course, adding that those yet to be completed would be completed by the incoming administration.

He said that the projects in the aviation sector were projects that would enhance the future of the industry, adding that anybody that had the interest of Nigeria would complete them.

“The completion time is still about 18 months away and I believe that the incoming government would put everything in process to complete them,’’ he said.

MAN, Oron among the best maritime institutions in the world – Rector

W

ith the dwindling crude oil prices, Nigeria is focusing attention in the maritime sector, which also has vast resources to keep the economy going. No doubt, Nigeria has a large coastline of maritime activities including oil and gas. But over the years, the sector has been underutilised in both human and material resources. In the face of these challenges one institution has been consistently

A5 21

Okpo

focus on the training and retraining of qualified manpower and personnel for the sector.

The Maritime Academy of Nigeria, MAN, Oron, Akwa Ibom State, the countries only International Maritime Organisation, IMO, recognised institution has been at the fore front of producing the needed qualified seafarers for the sector.

According to the Rector of the Academy, Mr. Joshua Okpo, the school has been repositioned in accordance with the IMO standards for such a training institution, which made it among the best maritime academies in the world. He said that the school is churning out qualified manpower who are among the best in the world today. Okpo reiterated that with the dwindling oil prices, Nigeria can make huge fortunes in the maritime sector by exploring both the human and material resources especially exporting qualified manpower from the academy.

A visit to the school reveals a total upgrade and transformation cutting across infrastructures, personnel training and curriculum standardization. Joshua Okpo, the current Rector of the academy is managing the limited resources available to the institution in the past three years to achieve these feats.

The school, which has been underfunded for the past years, was however given a funding lift in 2007, when it secured a 5 per cent capacity building funds from the revenue accruing to NIMASA in its 2007 Act. But succor did not come to the school, until four years ago, when NIMASA started releasing the funds though in (bits) to the school.

The Okpo administration has been able to stabilise the academy in all spheres, which today has made the institution a conducive place for learning and character moulding.

As the new administration, assume office on May 29th 2015, the sea beckons on the General Muhammedu Buhari administration to continue the trend of achieving results with institutions like the MAN, Oron. BC

A6 22

Business Courage

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Companies & Markets

Stanbic IBTC Partners Institute on Student Financing

By Udo Onyeka

S

tanbic IBTC Bank has signed an agreement, with Madrid based Business School, Instituto De Empresa (IE) to provide financing facilities for students who get admitted into its Executive Blended Program.

Speaking at the signing event, which held in Lagos, an Executive Director at the bank, Mr. Obinnia Abajue, said the partnership was aimed at “adding value to Nigerians by helping them achieve their educational aspirations.”

For now, the financing is restricted to the executive blended program, which is targeted at working class persons who want to invest in their education status. The repayment option can extend up to four

years.

Head, international personal banking, Stanbic IBTC, Daniella Okumagba observed the partnership is targeted at solving a peculiar need.

“A lot of Nigerians have not been able to pursue their education dreams due to funding challenges. We have been able to identify this need as a bank and this partnership is a proof of that. We are therefore optimistic that Nigerians will take advantage of the offerings that this partnership presents,” she said.

She also explained the specifics of the financing programme.

According to her, “The process is straightforward: the prospect secure admission into IE Business school, speaks to Stanbic IBTC bank for financ-

ing, and, subject to meeting the required terms and conditions, the bank provides the funding.

There will be credit checks done on prospective applicants and the company where he or she works must also acknowledge they are part of the company and eligible for the facility.

“We have plans to operate this on a wider platform. But at the moment we are starting with the Executive Blended Program – which is for working class persons. It’s online, but there are opportunities for faceto-face.”

The IE Vice Chairman, Diego Del Alcazar noted that “this agreement is of strategic importance for IE and our students.

IE is a very diverse school. At our campus in Madrid, we have 106 nationalities and less than ten percent of one nationality.

Sola David-Borha, Stanbic IBTC MD

So, that’s the kind of diversity we are looking for and the African region is a very important one for us, making partnership a great opportunity.” BC

Sterling Bank to reward student customers on Children Day

I

n fulfilment of its promise to continuously reward customers for their loyalty, children with the Bank’s ‘I Can Save Account’, are in for a good moment as Sterling Bank rolls out plans to celebrate the 2015 Children Day in Lagos.

The event will feature presentation of gifts to eligible customers and the promotion of a social media campaign encouraging parents to post “selfies” taken with their children; following which followers/ fans are encouraged to vote and the top three posts are awarded prizes. A selfy is a photograph taken of oneself with a smartphone or webcam and shared via social media.

According to the Bank, the social media angle, include

the recognition of the growing importance that social media plays in not just the lives of the parents but the children.

Specifically, the Bank will

Yemi Adeola, Sterling Bank MD

celebrate the Children’s Day with lucky pupils/students in their various schools in fulfilment of one of the features of the I Can Save product. A similar event was organized to celebrate 24 account holders during the 2013 edition of the Children’s Day. Explaining the selection criteria, the Bank stated that 300 accounts with the highest average balances over the last six months will be selected.

The winners, according to the Bank, would be given special presents and gift packs along with Sterling Bank’s branded items.

“Other classmates would also receive gift packs along with Sterling branded items.

Letters to parents of the other

pupils introducing the I CAN SAVE account would be included in the gift packs along with the account opening package. The event would be held on three consecutive days leading to the week of the Children’s day celebration. We are doing this to ensure that the Children really have fun and look forward to next year’s edition” the bank stated.

Children’s Day is a recognized national holiday during which children are celebrated worldwide with focus directed towards their welfare. Most countries celebrate Children’s day on the 20th of November every year while countries such as Nigeria and India celebrate Children’s day on the 27th of May annually. BC

Okpekpe Road Race: We are promoting a legacy of innovation – Heritage Bank

H

eritage Bank Limited said its sponsorship of the 3rd edition of the just concluded 10-Kilometre Okpekpe Road Race in Etsako Local Government Area, LGA, of Edo State as the Official Banker, is a further proof that the bank is poised to promote its legacy of innovation through Corporate Social Responsibility, CSR, programmes.

Speaking at the race, which also featured the Edo State Governor, Comrade Adams Oshiomhole among other dignitaries, Group Managing Director/Chief Executive Officer, Mr. Ifie Sekibo, said he was happy that Heritage Bank is playing a major role in the evolving sporting brand called Okpekpe Road Race, which attracts elite international athletes to Nigeria.

This year’s edition featured 42 foreign marathoners who joined thousands of other Nigerian runners to compete for the coveted prizes. The annual international event has in its short existence of three years attained an International Association of Athletics Federations (IAAF) certification as a bronze label event on its calendar, making it the only IAAF race of such in Africa.

Both female and male winners in the race went home with juicy monetary rewards in the event, which incidentally also attracts the highest total prize money for a 10-kilometer race in the world.

For both the female and male categories, the 1st 2nd and 3rd prize winners received $25,000, $15,000 and $10,000 respectively. Aside from these there

were many other prizes won by the first eight place finishers from Edo State.

At the end of the race, Kenya’s Tanui Aifele won the women category in 33.34 minutes, with her compatriots, Rionoripo Purity and Mary Wacere taking the second and third positions respectively.

In the male category, Alex Korio also from Kenya came first winning in 29.20 minutes. He was followed by Leish Gabrsellasie of Ethiopia while Amos Mutei of Kenya came third.

Sekibo, who was represented at the event by the Directorate Head, South Emeke Anene, joined Comrade Oshiomhole to hand over prizes to the winners.

He said the bank’s partnership as Official Banker with the promoters of the event, PAMODZI Sports

Marketing Limited and the Edo State Government, was in line with the joint bid to create a platform of support and exposure for Nigerian and African youths to international marathons.

It will be recalled that Enterprise Bank Limited, which has been acquired by Heritage Bank Limited, was the Official Banker of the second edition of the race last year.

Top officials of IAAF, including its Nigerian president, Solomon Ogba, Chairman of the Nigerian Supporters Club, Dr. Rufai Ladipo, Chairman, organizing committee of the race Dan Ngerem, the race promoter, Mike Itemuagbor and the race Coordinator and Ex-International Yusuf Alli were all on hand to ensure a successful outing. BC

Ecobank secures $15m credit to support US export

E

cobank Nigeria is privileged to be the first Nigerian Bank to have utilised a credit line under the U.S. Department of Agriculture, USDA, Export Credit Guarantee Program.

The GSM 102 Program provides credit guarantee to encourage commercial financing of U.S. agricultural commodity exports, thereby assisting U.S. exporters in making sales that might not otherwise occur.

The Credit Line Under the US Government Export Guarantee Program is reserved exclusively for the export of agricultural products from the USA; it has facilitated increased trade of Agricultural products between US exporters and Nigerian importers; It has provided an avenue for competitively priced financing for longer tenors to both exporters and importers; It further provides the exporter guaranteed payment; It enables exporters to agree credit terms with importers; There is no minimum transaction size.

According to Executive Director Corporate Bank, Ms. Foluke Aboderin, the GSM 102 Facility which has the ability to be up-sized, has been used for Structured Trade Finance transactions with Cargill Financial Services International, one of the subsidiaries of the Leading International Commodities Trading House, CARGILL Inc. Deutsche Bank played the role of Confirming and Partner Bank.

The recognition of Ecobank, a member of the Ecobank Group, by the US government, further highlights the unique advantages of partnering with a counterparty who has widespread foot print across the African continent. With presence in 36 countries in Africa, Ecobank is well positioned to provide easy access to international counterparties that have transactions across Africa, the emerging frontier market with significant untapped opportunities and strong demographics.

Jubril Aku, Ecobank Nigeria MD

National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 25, 2015

A7 23

Interview

Why NIMC DG must be removed – ASCSN General Secretary The National Identity Management Commission, NIMC, has been in the eyes of the storm of late, with workers in the commission staging daily public protests to call for the removal from office of its Director General, Mr Chris Onyeneman.

In this exclusive interview with Meshack Idehen,the General Secretary of the Association of Senior Staff of Nigeria, (ASCSN); the in-house workers union of the commission,Mr Alade Bashir, gave insight into what he said are the numerous failings of the NIMC DG. Excerpts:

tion for his action.

We also picketed the offices, because the DG wanted to use the opportunity given to ministries, department and agencies by President Goodluck Jonathan to prepare their handover notes to remove the names of the workers from the payroll.

So the picketing was meant to save the jobs of more than a thousand workers. As an association, we cannot understand a situation where Nigerians who have worked meritoriously for 23-25 years should just be thrown into the labour market because of the intransigencies of one man.

Besides, there is the need to check the culture of impunity that has become the bane of Nigeria’s political space, particularly amongst chief executives of government agencies and parastatals.

T

Can you shed some light on the genesis of the crisis currently rocking the NIMC? The crisis first started in 2012 after 5,000 junior workers were thrown into the labour market by the DG of NIMC. Chris Onyenman ,after that move, commenced the plot to also sack 1,000 senior staff of the commission, stating. NIMC wanted those workers be sent back to the Office of the Head of Service of the Federation on the ground that they were not NIMC’s staff.

However, the Federal Ministry of Justice in its legal advice, told the NIMC’s management that by the 2007 Act setting up the commission, the staff in question which were inherited from the defunct Department of National Civic Registration are bonafide employees of NIMC. After the Federal Ministry of Justice gave that advice, Onyeneman, then started to campaign that the workers in question do not possess the requisite skills and competences as required by the commission. Later, he went on to accuse the staff of being fake, and at another time, alleged that irregularities have been discovered in

Bashir

their appointments, upgrading and conversion letters.

For us however as an association, we have since found out that the DG is bent on retrenching those staff, in order to replace them with his own people and friends, just like he did after sacking 5,000 junior staff in 2012.

At some point, more than 1,000 workers were issued queries the same day. Is that the way to run a government agency? The point is that if all government wants to retrench all the employees they inherited because of change of name or policies, there will be anarchy in the industrial relations arena in the public service.

How do you think this present challenge can be addressed to the satisfaction of both sides?

First, it must be said here that the Federal Ministry of Labour and Productivity has been discharging its statutory functions very well.

When we declared a trade dispute, the ministry appointed a conciliator.

In its letter of December 22 2014 to the NIMC, Minister of Labour and Productivity invoked the powers conferred on him by the Trade Dispute Act, CAP T, Laws of the Federation of Nigeria 2004, and ordered that both parties must maintain the status quo to enable a peaceful industrial relations environment for its resolution.

It is also necessary to state that the dispute is also currently being adjucated upon by the Court of Appeal, Abuja. And in line with the respect for

‘

Even till today, Onyemenam has produced only 245,000 national identity cards, after spending more than nine years in office

‘

he ASCSN seems to have become a very vocal union. How was this achieved and what was the state of the association before now?

The ASCSN has always been a union to reckon with as far as public service issues that pertains to workers welfare and wages are concerned.

As a union, we are always on the lookout for things that will see to the improvement of the welfare of not just our members, but also of all Nigeria’s workers. We have always been involved in initiating and cementing constructive engagements and in dialogues with various governments, just like those before us have done.

the rule of law, the office of the head of civil service of the federation in a letter on the 3rd of March this year, urged the NIMC’s management to take note of the fact that the matter is before a court of appeal, and as such, both parties should maintain the status quo.

That status quo, for us as an association, is in line with the civilised tenets of decorum in the public service, as that is what we want, until the matter is satisfactorily adjucated upon.

Why did the union decide to picket NIMC offices throughout the country?

Picketing became imperative to stop NIMC from sacking the workers, because in spite of the directives from the ministry of labour, and the office of the head of civil service of the federation, coupled with the fact that the matter is at the court of appeal, the NIMC director general still wanted to carry out the sack, by summoning a board meeting at night to get ratifica-

Why is the union insistent that the DG be sacked?

We are calling for his sack by government. What is very clear now is that Barrister Onyemenam is not running the affairs of the NIMC satisfactorily. How can it be that since 2012 the NIMC director general has been pre occupied with sacking of workers for no just reason, other than to satisfy his ego?

Even till today, Onyemenam has produced only 245,000 national identity cards, after spending more than nine years in office, and inspite of the billions of naira made available to him for that purpose by the Federal government.

As you are aware, the Chairman of the Independent National Electoral Commission (INEC), Professor Athahiru Jega, produced over than 50 million permanent voters’ cards within six months. What other evidence do you need to prove that Onyemenam is incompetent?

Onyemenam runs the NIMC as if it is his private estate, recruiting his kinsmen and women who are not qualified and experienced to replace the sacked staff. In some instances, he has engaged his relations as coordinators of NIMC offices throughout the country. You cannot run a federal government agency in this manner and expect good results.

This is why we are saying Barrister Onyemenam must go. Not only that, his tenure as NIMC director general must also be probed. If President Jonathan refuses to do the needful, the incoming President elect must not only sack Onyemenam whose tenure has since expired, but must also bring him to account for the stewardship, including the production of national identity cards for Nigerians which he has not done.

It is only in this way that public office holders can be checked and made responsible for tax payers. BC

A8 24

Business Courage

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Global News ABN Amro Bank. The Dutch government has held the reins ever since.

Microsoft, Salesforce talks fell through on pricing: CNBC

M Rutte

Dutch government to start selling ABN Amro this year

T

he Dutch government decided Friday to start selling state-owned bank ABN Amro seven years after it was nationalised during the financial crisis.

“A first part will be sold from the fourth quarter,” Finance Minister Jeroen Dijsselbloem told journalists after the weekly cabinet meeting.

The first tranche will be of 20-30 percent of the bank and the entire flotation will take several years, “meaning that the state remains a shareholder for several years”, said Dijsselbloem.

ABN Amro, the Netherlands’ third-largest bank after ING and Rabobank, is worth around 15 billion euros ($17 billion).

“Calm and trust have returned,” said Prime Minister Mark Rutte, adding that markets were now sufficiently stable, there was enough interest and the bank was ready.

The government also decided to implement measures to counter the possibility of a hostile takeover.

“We agree with the finance minister, entering the stock market is the best option, it’s a logical step in the development of the bank,” ABN Amro chairman Gerrit Zalm said in a statement.

ABN Amro, which traces its roots back to the 19th century, was listed on the Amsterdam Stock Exchange before being bought in 2007 by a consortium consisting of Spanish Santander, the Royal Bank of Scotland (LSE: RBS.L - news) and Belgian-Dutch Fortis.

The 71 billion-euro-deal, one of the largest in banking history, however ultimately proved a calamity for its buyers as the global financial crisis peaked.

Fortis (KOSDAQ: 141020.

KQ - news) was dismantled during the 2008 banking crisis to avoid bankruptcy and its Dutch activities including its share in ABN Amro were bailed out by the Dutch government, which then merged it back into

icrosoft Corp and Salesforce.com Inc held “significant talks” this spring but failed to agree on a price, CNBC reported, citing people familiar with the matter.

Microsoft was willing to offer about $55 billion for the world’s biggest maker of online sales software. Salesforce founder and Chief Executive Marc Benioff had expected as much as $70 billion, CNBC reported on Friday.

A potential bidder can go up to $70 billion on the high end and Microsoft, Oracle Corp and Amazon.com Inc are the companies most likely to be suitors, FBR Capital Markets analyst Dan Ives said in an email to Reuters.

Salesforce shares rose as much as 4 percent in afternoon trading, whilst Microsoft shares fell 1 percent.

Apart from the high asking price, Microsoft Chief Executive Satya Nadella was somewhat reluctant to pull the trigger on a deal of such size and consequence for his company, CNBC said.

Microsoft and Salesforce declined to comment on the report.

“Salesforce is the golden jewel in the cloud, given its leadership position and stellar brand and distribution, all that would have fit well within the Microsoft ecosystem in our opinion,” Ives said.

San Francisco-based Salesforce leads the global customer relationship management (CRM) market, which is valued at $23 billion annually, according to tech research firm Gartner.

CRM software helps companies organise and track sales calls and leads.

Salesforce provides its services online, with no software directly installed on PCs, making the company attractive to technology giants such as Oracle and Microsoft, who

Nadella

have been late entrants into the fast-growing cloud computing market.

Bloomberg reported last month that Salesforce had been approached by a potential buyer. This triggered speculation that Microsoft, Oracle, IBM , Amazon and SAP could be in the running for Salesforce.

Microsoft is currently not weighing an offer for Salesforce, Reuters reported this month, citing two people familiar with the matter.

SAP Chief Executive Bill McDermott said on Wednesday that his company would not buy Salesforce. He said SAP’s richly valued rival was unlikely to be acquired by any other player in the industry.

Noonan

Ireland’s Finance Minister warns banks: Cut your interest rates or else…

I

reland’s Finance Minister, Michael Noonan has warned that the country’s six main banks could face a penal levy if they do not make progress with cutting mortgage rates for homeowners.

The Finance Minister was speaking after holding talks with the bosses of the State’s main lenders this week. Noonan met with officials from AIB, Bank of Ireland, Ulster Bank, Permanent TSB, ACC and KBC on Tuesday and Thursday.

The government is said to be looking for an across-the-board cut in the standard variable rate (SVR) of at least 0.75 per cent.

Though he would not be specific about what rate cuts he wants, Noonan warned today that his officials will review banks’ progress over the coming weeks and will hold follow-up meetings in September ahead of the Budget the following month.

“The issue of a penal banking levy in the Budget or powers for the Central Banks to regulate interest rates will be considered at that time if sufficient progress is not made,” he warned.

Noonan said he had secured agreement from all lenders to review their standard variable mortgage rates and presents options and products to help re-

duce the burden on homeowners by the beginning of July.

“I outlined my view, that Standard Variable Rates being charged in the Irish market are too high. There was agreement from all lenders that customers should have access to more competitive mortgage products as per my recommendation,” Noonan said today.

The current average SVR in Ireland is around 4.2 per cent.

This is almost twice as high as the European average. The banks have faced increasing political pressure in recent months to reduce their rates.

Speaking at a press conference today, Noonan said he reminded the bankers that a bill from independent senator Feargal Quinn, which would give the Central Bank powers to fix interest rates, was published this week.

“I also pointed out to them that the government doesn’t have a majority in the Senate so that, you know, there’s pressure coming on the political side and that I expected them to make movement,” he said.

Earlier this month, AIB announced a cut in its rates which will come into effect in June.

Noonan said he wanted banks to offer “a range of products” and not all offer the same rate cuts.

In a statement, he said: “The banks agreed to review their rates and products and, by the beginning of July, to have simple options to reduce monthly mortgage payments for SVR customers.

“Some of the potential products include lower standard variable rates for existing and new customers, competitive fixed rate products and lower variable rates taking account of loan to value for new and existing customers.”

Noonan said that he also outlined to the lenders the need for greater competition in the mortgage market and better promotion of new products if customers wish to avail of better rates.

The position of homeowners in negative equity was also discussed with the lenders.

Germany, France usher Greece back to negotiating table

E

uropean leaders told Greece on Friday to return to the negotiating table for “intensive work” to wrap up a reform agreement before cash runs out, sidestepping Athens’ demand for a comprehensive, long-term solution to its troubles.

With his country risking default in as little as two weeks, Greek Prime Minister Alexis Tsipras flew to Riga to press German Chancellor Angela Merkel and French President

Tsipras

Francois Hollande for a political push to break the impasse in technical-level talks with European Union and International Monetary Fund creditors.

The leaders offered help, but told Tsipras to get back to focusing on talks with the so-called “Brussels Group” of European Commission, European Central Bank and IMF lenders - the trio bankrolling Greece since it nearly went bankrupt in 2010.

“It was a very friendly, constructive exchange, but it’s also clear that there must be more work with the three institutions.

There is a lot to do,” Merkel told reporters on the sidelines of an EU summit in Riga.

She said France and Germany had offered to help whenever it was needed, but said: “The conclusion needs to be found with the three institutions and there needs to be very, very intensive work.”

Acknowledging Greece’s dire financial state as its cash runs dry, Hollande said the focus should be on a quick deal that allows the reopening of aid so Greece can be sure of making payments to the IMF in early June.

“Everyone knows the deadline, because it’ll be around June 6 or 7 that Greece will need liquidity to meet certain repayments,” Hollande said. “That doesn’t mean that other phases cannot be prepared but what interests the Chancellor and I is what responses Greece can make to release the funds which would give Greece the means to pay the amounts it owes in June.”

Greece’s government put a brave face on the outcome of the talks, voicing optimism it could reach a deal in as little as 10 days, before the next IMF payment falls due on June 5.

“We think conditions have matured for (talks) to progress further and in the next 10 days, in May, for the deal to be sealed,” government spokesman Gabriel Sakellaridis told Skai TV, adding a deal would allow the European Central Bank to include Athens in its bond-buying program.

Tsipras said he was “very optimistic” of soon reaching a “long-term, sustainable and viable solution without the mistakes of the past”. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 25, 2015

A9 25

Brand Watch

NB introduces N50m Teacher-of-the-Year Award N

By David Audu

igerian Breweries Plc. has instituted a Maltina Teacher-of-the-Year Award initiative worth N50 million annually to reward commitment and diligence to duty by teachers across the country.

The award which is done on the platform of Maltina brand by the Nigerian Breweries-Felix Ohiwerei Education Trust Fund is aimed at restoring the pride of teachers and the dignity of the teaching profession.

Kufre Ekanem, the company’s Corporate Affairs Adviser, explained that the award, which is a new initiative from the Foundation, was designed to recognize, celebrate and motivate teachers in Nigeria, with a first year focus on secondary schools.

Ekanem averred that all applications will be subjected to an intense selection and judging process by an external and independent panel of judges which has been constituted to ensure transparency, credibility and objectivity of the exercise.

The 5-step evaluation process

Ekanem

of the entries received, he noted, will result in 37 state and FCT champions, from among which the Maltina Teacher- ofthe- Year will emerge.

The state champions and national winners will be celebrated in a grand ceremony on October 5, 2015, a day set aside by the United Nations to mark the World Teachers Day. The national winner will get one million naira and another one million naira to be paid into his account annually for five years.

“We hope that through this initiative, we can inspire this nation to accord our teachers their deserved credit and bring back respect to the teaching profession in Nigeria, “ Kufre said, adding that the objective of the award is to create an avenue where exceptional teachers will be showcased and rewarded annually and continuously.

Also speaking at the occasion, Mr. Victor Famuyibo, the company’s Human Resources Director described teachers as builders of the wealth of nations who deserved to be recognized, encouraged and celebrated. “Everywhere in the world, teachers play a vital role in training, coaching and determining the quality of education and this is critical to sustainable national development,” he added.

Meanwhile, the Nigerian Union of Teachers, NUT, has adopted Maltina as the union’s official drink.

Chief Wole Oyeniyi, the Acting Deputy General Secretary of the Nigerian Union of Teachers stated this at the Press Conference flagging off the Maltina

Konga offers discount on mobile app sales promo

N

igeria’s online marketplace, Konga, has launched the Big App sales promotion in a bid to promote sales via the App. The sales promo offer shoppers savings up to 75 per cent discount on any item purchased on the mobile App. Konga’s Public Relations Manager, Olatomiwa Akande said during the five days promo period, the company’s website, Konga.com will also be shut down and transactions will only occur on the mobile App. According to her, the promotion will feature sales on Konga’s full product catalogues such as the latest fashion items and accessories, mobile phones, computers, home and kitchen appliances, among others.

“In addition, shoppers who download the Konga Mobile App from Google Play Store and the App Store for the first time will be entitled to a free N2, 000 shopping voucher after their first purchase through the mobile app. In addition to the free voucher, Konga is also offering its customers several discounts on using the Konga mobile app,” she continued.

She said that the Konga’s mobile App is a convenient way to shop as products are arranged according to categories to make for easy surfing. It also has a search bar to help locate

the desired product they desire, and is designed in such a way that it gives notifications on deals and discounts on the go.

“Customers who shop with the Konga mobile app experience the same excellent quality service delivery as the desktop website as it guarantees secure and trusted order processing and offers its customers the option of saving their favourite items in addition to product reviews,” Akande concluded.

In a related development, Akande also disclosed that Dana Motors, the sole distributor of KIA range of cars in Nigeria, has launched a store on Konga.com to sell different

Teacher of the Year initiative Making the declaration on behalf of the apex body of the teaching profession in Nigeria, Chief Oyeniyi stated that “Maltina has taken the lead in bringing back the lost glory of the teaching profession. It is the first time that an organisation is putting up a project of this magnitude for teachers in Nigeria.

“We really appreciate you and the contribution your organisation is making the improvement of education sector in Nigeria.

We want to appreciate and commend your effort. I want you to know that with this gesture of yours, NUT (Nigerian Union of Teachers) has decided to make Maltina our official drink from now. At every ceremony, every event, even in our homes, Maltina will be our official and preferred drink,” he said.

He lightened up the audience with instant slogans that shows the allegiance of Nigerian teachers to Maltina as a brand.

“When I say ‘Maltina is the best soft drink in Nigeria!’ you answer me ‘No controversy!’, and when I say ‘Every teacher, student and parent in Nigeria must

drink Maltina’ you answer me with ‘Final word!’”

Chief Oyeniyi explained that the Nigerian Breweries-Felix Ohiwerei Education Trust Fund who was sponsoring the project will bring smiles to the faces of Nigerian teachers.

“Now we know that there are people out there that still appreciate and are willing to encourage teachers. I will implore other corporate organisation to follow your lead. We need more of initiatives like this to keep inspiring our teachers to do more.”

Ohiwerei is the first indigenous Chairman of the leading beverage conglomerate which has been operating in the country since 1946. The Trust Fund was established in 1994, with a seed capital of N100 million, to contribute to the development of educational sector in the country.

Over the years, the company has used the fund to assist over 20,000 students, built 250 classrooms and 22 libraries in both primary and secondary schools across 49 communities in the country BC

Etisalat excites Abuja customers at 2015 forum

E Akande

brands of KIA cars.

The new development, which is the first of its kind in the ecommerce industry in Nigeria, will provide shoppers with the opportunity of placing orders for their favourite KIA brand of cars BC

tisalat customers in the Federal Capital Territory, Abuja had a chance to interact with representatives of the company at the 2015 edition of the customer forum. The Forum, which is a customercentric initiative aimed at driving a face to face dialogue and obtaining instant feedback from Etisalat customers on its product and services held last week at Blucabana Hotel, Abuja.

Speaking at the Forum, Director, Customer Care, Etisalat Nigeria, Plato Syrimis, stressed that customer satisfaction is at the core of the company’s business and the company is committed to getting feedback from

its customers and meeting their diverse needs.

Syrimis noted that, “Etisalat introduced the Customer Forum in 2010 with the objective of demonstrating commitment to meeting the needs of our customers. We understand that, the more we engage with our customers, the easier it is to determine what we should be doing to keep them happy always.”

One of the Etisalat customers who left the event happy was Duru Micheal, a bank executive who had his son’s Cliqlite tab replaced with a brand new tab following his complaints about the tab. BC

1,000 Nigerian entrepreneurs to participate in young CEOs conference

N

o fewer than 1,000 entrepreneurs comprising young business owners in Nigeria and in the Diaspora, will participate in the Young Nigerian Chief Executive Officers’ Conference scheduled for Aug. 3 to 4 in Abuja.

This is contained in a statement issued by the Executive Secretary, Nigerian Young Professionals Forum, NYPF Dr Nuhu Atta made available to newsmen on Friday in Abuja.

The statement said the theme of the conference is: ``Promoting Entrepreneurship and Innovation in Building Economic Leaders for Tomorrow. ``

It said the confab would afford young entrepreneurs in Nigeria the opportunity to exchange ideas with their peers from other parts of the world. ``It will challenge and empower entrepreneurship mentality amongst its participants; and thus enable them to create economic revolution in Nigeria, or any part of Africa,’’ the statement added.

It said the conference would also serve as platform for young business owners to discuss the challenges they encountered and enable young entrepreneurs develop strategies to tackle their challenges.

“The conference will focus on Small and Medium Enterprises, SMEs and its impact on the Nigerian and global economy.

“It is also expected to provide entrepreneurs with the opportunity to reflect on economic progress and prospects for strengthening business-to-business linkages across Africa.

“It will engender a more integrated participation across Nigeria by renewing commitment for a tighter bilateral and multilateral cooperation across Africa.’’ the statement said.

According to the statement said the conference will focus on key sectors like Agriculture, Oil

Atta

and Gas, Information & Communication Technology, ICT, Blue Sea Economy, Marine, Manufacturing/Processing and Creative Industry.

A10 26

Business Courage

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Energy Review

Stakeholders list steps to ending lingering fuel scarcity

By Gbenga Odogun

A

gainst the backdrop of the lingering fuel scarcity that has plagued the country in the last one month, stakeholders have been expressing concerns that the crisis may not go away any time soon, while also suggesting way out of the lingering fuel scarcity.

This follows the return of queues on the streets due to oil marketers suspension of importation in what was attributed to government’s refusal to pay the outstanding subsidies allowance owed them.

“The decision to suspend the importation of Premium Motor Spirit (PMS), was due to the Federal Government’s failure to pay them their claims” said a source at the depot and Petroleum Products Marketers Association, DAPPMA, adding that most of the marketers have not been paid by the FG and this is limiting their ability to finance the importation of fuel.

According to our source “The money that the marketers were paid by the Federal Government was, according to the banks, like a tip of the iceberg, compared to the huge amount the marketers owe the banks” Majority of the marketers are not able to repay their indebtedness to the banks, making it impossible for them to secure new facilities from the banks to finance fuel import.

Meanwhile, experts and stakeholders continue to express concerns about the wave of fuel scarcity with some expressing the view that unless the federal government takes the difficult decision of removing subsidies and allow mar-

Cole

ket forces dictate the pump price of products, we may not experience reprieve from the saga of perennial fuel scarcity at least not in the near future.

Mr Tonye Cole is the Chief Executive of Sahara group, he warned that Fuel scarcity is unlikely to end soon due to three main reason namely; change of government, prospects for removal of fuel subsidies and weakening Naira, adding that the combination of these factors will affect or-

dinary Nigerian in the nearest future.

“Despite being biggest oil producer in Africa, Nigeria is heavily dependent on gasoline imports to meet domestic demands. Gasoline subsidies incurred by the government on every litre of the product had to be cut by the cash-strapped government recently by 90 per cent and it is expected that they are going to be totally phased-out soon.”Tonye said Also speaking on the same topic of fuel scarcity Barrister Opeyemi Bamidele said has the absence of a provision for fuel subsidy in the 2015 Appropriation Act is a booby trap for the incoming administration of the President-elect, Gen. Muhammadu Buhari.

Opeyemi Bamidele, Opeyemi Bamidele, The Chairman, House of Representatives Committee on Legislative Budget and Research, stated in a statement that Buhari and the All Progressives Congress (APC) should understand the full implica-

tions of this and take immediate steps to let Nigerians know where they stand on the matter .

“The truth and reality of the situation is that the outgoing PDP administration has, through the 2015 budget, removed oil subsidy and it must be made to accept responsibility for it rather than for the incoming APC administration to bask in the euphoria of having won an election without realising the booby trap into which they and the Nigerian people are walking into,” he stated Bamidele, stated that apart from the reduced amount of N21bn provided in the Act for the Subsidy Reinvestment Programme, no other provision was made in the budget for subsidized welfare services.

He warned that the absence of the provision for continued fuel subsidy portends grave implications for the Buhari administration as they would be sending Nigerians a

Dangote refinery on course to deliver by 2018

T

he 2018 scheduled completion date for the completion of the Dangote refinery and petrolchemicals is sancrosant as it is on course to deliver on time.

Speaking in Lagos at a special interactive session with economic stakeholders last week, the business mogul Alhaji Aliko Dangote said by 2017, Nigeria will be the biggest exporter of urea and ammonia as the refinery commence production. Adding that the project would not turn in huge profit unless the refinery is a huge one where you make gains based on volume.

The clarification came

against the backdrop of the recent report by Business Monitor International (BMI) in its latest report that the Jubail refinery in Saudi Arabia which has the same capacity as Dangote’s proposed plant, was built over a period of five or six years, adding that Dangote’s plant cannot be completed in less time frame. That projection pushes the expected completion time for the refinery to 2020.

Design (FEED) by another Indian firm, Engineers India Limited (EIL) at a cost of $139 million. Contract for FEED was awarded to EIL on June 2, 2014. The project was the

largest ever single consultancy assignment for EIL.ompleted in less time.

The report said while the country has nameplate refining capacity sufficient for it to be a net refined fuels exporter, the adverse consequences of fuel subsidies, poor maintenance and general outages and operational failure have seen refining capacity utilisation rates remaining below 30 per cent in the past 10 years.

It observed that as a result, Nigeria is a net importer of refined fuels, importing about 190, 000 bpd of refined fuels in 2013. This comes at a significant cost to the country. BC

Dangote

wrong signal capable of creating the impression that the APC deceived Nigerians to get there.

Meanwhile, as the disagreement rages on as to how much is being owed the marketers or even whether they were being owed at all Nigerian in the meantime continue to suffer under the yoke of high transportation cost and unbearable heat waves due to lack of petrol to power generators which has become the only source of power generation for most households in the country.

Apart from this, many businesses whether small scaled, medium or large scaled continue to groan under the yoke of fuel scarcity. Ajoke is a retail soft drink seller on Broad Street, Lagos, she told Business Courage that the whole of last week had been terrible in terms of sales as he had recorded more than 50 percent drop in sales due to lack of petrol to power her fridge to ice her drinks since electricity supply is literarily non existence in her area. Similarly, Chuks, an Electronic seller at Balogun Market said patronage has dropped drastically in the last one month due to lull in the economy made worse by the absence of fuel.

However, and in spite of the non loading activities at the depots, petrol was still being hawked openly at black markets across the Lagos Metropolis sometimes right in front of filling stations, in full view of security operatives and at exorbitant rates. At Berger Bus stop, fuels were sold in jerry cans at N200 per liter, the story is not different at Onipanu along Ikorodu Road where the security operatives appeared helpless. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 25, 2015

A11 27

Nigerians, others to pay more on money transfer cost – Report

By Isaiah Erhiawarien

I

f recent development in the financial technology sector concerning the predicted merger between two rival global money transfer companies, MoneyGram and Western Union becomes a reality, Nigerians in the Diasporas, and indeed other Africans abroad will be paying more to wire money to their family members back at home.

It was gathered last week that a possible merger by the two rival money wiring companies is in the horizon. Global mobile money transfer service WorldRemit, which raised the alarm last week end said that it was a sign of bad omen for the sector, stating that it will create a duopoly thereby resulting in a racket whereby Africans will be overcharged within the mobile money industry in Africa.

Senior Mobile Analyst at WorldRemit, Alix Murphy who revealed the planned merger said that it could open the way for the united companies to gain full control of the offline segment of the remittance market noting that it would have profound consequences for markets that are already overcharged like Nigeria, where there is huge transfer yearly.

For instance, a total of $21 billion out of $32 billion of foreign currency remittances into Africa as at 2013 was received into the Nigerian economy and it is predicted to reach $41 billion by 2016. Over the last two decades MoneyGram has facilitated over 15 million transactions in Nigeria.

“The reports about a possible merger between Western Union and MoneyGram raised major concerns about competition in the money transfer industry. While Western Union has called the reports about a possible acquisition of MoneyGram “not accurate”, we have urged regulators to take a strong stance against any such undertaking,” she said.

Murphy added, “Both companies maintain exclusivity arrangements with correspondent agent networks and have a history of anticompetitive practices. The Africa Progress Panel has denounced them for forming a ‘Remittance Super Racket’, which overcharges transfers to Africa, costing Africans over $1.9 billion every year.”

WorldRemit quoted an Overseas Development Institute report which claims that on the

average, workers sending money home to sub-Saharan Africa pay a whopping 12 percent in fees.

In contrast, the GSMA noted that the average cost of sending $100 internationally using Mobile Money as a receive method is $4 said Murphy.

“Most remittances to Africa are still picked up as cash.

Fundamentally, moving from cash-based to digital financial transactions brings enhanced security and protection: cash is anonymous, whereas digital transactions have an audit trail from end to end, not to mention increased speed and reliability,” she explained.

The challenges of competition and regulation aside, Murphy is upbeat about prospects in the mobile money industry going forward and the impact it continues to have on the lives of people.

According to the GSMA today there are 103 million active users of mobile money globally, up from 30 million in 2012, and 60 percent of these active users are in sub-Saharan Africa.

Murphy disclosed that Africa has demonstrated significant growth of late saying that the rise of now established offerings in Africa, such as M-Pesa, M-Shwari and EcoCash, is rooted in the principle of financial inclusion or ‘banking the unbanked’ She said: “Most of the attention on mobile money has fo-

cused on Kenya’s M-Pesa, but in fact many services in Africa have reached impressive scale,” saying “Services such as as Tigo Pesa in Tanzania and Rwanda, MTN mobile money in Uganda and EcoCash in Zimbabwe have some of the largest numbers of active users.”

Murphy emphasised the main benefit mobile money offers noting that it helps people who previously had little or no access to formal financial services to store, send or receive money securely on their mobile phone pointing out that the World Bank recently recognised the impact that mobile money had on financial inclusion, especially in East Africa, where 12 percent of the total population now has a mobile money account.

“I have seen first-hand how mobile money can improve

Murphy

lives, businesses and whole economies, especially in the developing world. For billions of people around the world, mobile will be their first and only means of accessing financial services,” she added.

The merger is said to be coming at time when the remittances to Sub-Saharan Africa is predicted to reach $33 billion in 2015 according reports from WorldRemit.

Analysis from online money transfer service found that remittances to Sub-Saharan Africa are projected to reach $33 billion in 2015, with growth in the region expected to be at 0.9 percent.

According to the research, with macro-level data sourced from WorldBank, stagnation in remittances to Nigeria was offset by strong growth in Kenya 10.7 percent, South Africa 7.1 percent , and Uganda 6.8 percent. Nigeria, which received $21 billion in 2014, accounts for two-thirds of remittances to the region.

The study showed that fees remain too high saying that “The average cost of sending $200 to Sub-Saharan Africa remains at 12 percent (far off the G20’s target of 5 percent); largely due to the cost of bricksand-mortar agent networks of traditional firms. There is a huge potential for mobile technology to reduce costs on both the send and receive sides.”

Based on these findings,

as well as a recent report by the GSMA ((2014 State of the Industry Report on Mobile Financial Services), WorldRemit said mobile money will play an increasingly significant role in remittances and also help to reduce fees.

Equity Bank MVNO moves in on Kenya’s mobile money market “Worldwide mobile money usage is exploding... 261 mobile money services are now live across 89 countries with 103 million active users as of December 2014. More than half of these services currently in operation are in Sub-Saharan Africa,” the company stated.

Murphy said, “Mobile money will play a pivotal role in global remittances, helping to reduce fees, improve speed and convenience for users. Most importantly, mobile money is a key enabler of financial inclusion.

There are currently two and a half billion unbanked people in the world without a bank account. One billion of these people already have access to a mobile phone and so a potential means of accessing financial services.”

She said that for many people in the world, mobile money will be their main or only means of accessing financial services adding that many countries in Africa are looking to up their levels of investment in mobile money services to capitalise on growing consumer interest. BC

A12 28

Business Courage

Monday, May 25, 2015

Samsung assures on product suitability Stories by Isaiah Erhiawarien

S

amsung Electronics West Africa has assured its customers in the country that its research team will continue to design products that are suitable for the Nigerian climate.

Managing Director, Samsung Electronics West Africa, Mr. Brovo Kim, gave the assurance at an Air Conditioner forum in Nigeria organised to launch the World’s largest capacity DVM S VRF system and smart inverter air conditioners.

Tagged The Samsung AC forum, the initiative was aimed at boosting the local industry’s knowledge of the various Samsung cooling solutions available in the Nigerian market.

Kim stated that the AC technology and solutions are evolving at a rapid rate saying that the forum was meant to bring Samsung partners up to speed on the company’s air conditioners, in Room air conditioner and System air conditioner segment.

“We want to keep our stakeholders abreast of the level of market research that goes into designing and producing Samsung air conditioners and cooling solutions, which are especially suitable for Africa and

the Nigerian climate. The ultimate goal is to provide dependable cooling to keep consumers comfortable at all times,” Kim added.

The highlight of the forum was the introduction of Samsung “DVM (Digital Variable Multi) Super” system AC, which has the world’s first and largest single capacity outdoor of 26HP. It is credited as the nextgeneration modular system in the world of high-efficiency air conditioning and has undoubtedly changed the face of cooling associated with high-storied buildings.

Samsung has also launched air conditioners with a five year warranty on compressors, keeping in mind the energy conservation and eco friendly standards being set in the air conditioning environment.

These air conditioners come equipped with R410A gas, which is, eco-friendly and Smart Inverter compressors capable of reducing energy consumption up to 40 percent in line with global standards.

The air conditioners can handle up to 50mtrs in piping length as against the conventional 10mtrs. Samsung air conditioners will also have a five year warranty period on

or West African countries to benefit from the increasing growth of digital services across, it needs to have access to reliable internet connectivity, global ICT consulting services firm International Data Corporation, IDC, revealed in a latest report.

According to Research Analyst for Telecommunications and Digital Media at IDC West Africa, Oluwole Babatope, the launch of digital services such as financial services, e-commerce, and digital media is one such strategy for creating differentiation within this ultracompetitive landscape, noting that the importance of connectivity in facilitating seamless access to these innovations is keen.

He disclosed in the report that the increasing maturity of most mobile markets in West Africa has intensified the competition for subscribers, thereby compelling operators to innovate and differentiate in terms of service delivery and provide additional non-traditional telco services.

Babatope said that in order to fully maximise the digital service opportunity, mobile operators must also provide improved connectivity alongside these new data-hungry offerings.

“Mobile financial services, online transactions on e-commerce sites, video on demand, video streaming, music streaming, and mobile gaming are all realtime services that require the least amount of latency possible between data packets,” he said.

He stated further that operators must strive to improve the quality of their network connectivity if they are to ensure a positive customer experience saying that telecommunications regulatory bodies also have a part to play as they need to pay the same attention to the quality of service, QoS, for mobile data as they do to the QoS for mobile voice.

Babatope in the report revealed that the majority of regulators across the region do not track key performance indicators, KPIs, for data services, and the few regulators that do track data KPIs do it inconsistently when compared with voice.

According to him, the regular checking of QoS for data services, together with appropriate sanctions for underperforming operators, would help to ensure an overall improvement in connectivity across the region.

The IDC’s research, which also showed that piracy and poverty can be added to the list

Babatope

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

Using Recuva as your Data Recovery Software Tool

D

Kim

compressors.

Director, Consumer Electronics, Samsung Electronics West Africa, Mr. Sunil Kumar, said that Nigerians are astute customers who are always on the lookout for the best that advancements in technology can offer.

“Samsung’s innovative products offer excellent functionality with dependability and durability. The Samsung System Air Conditioners have a Eurovent certification in performance and are also corrosion resistant, which ensures greater operational longevity with voltage protection, dual digital inverter system and a smart management system,” Kumar stated. BC

West Africa needs connectivity for digital services

F

Technotalk

National Mirror www.nationalmirroronline.net

of inhibitors affecting the growth of digital media in West Africa stressed that “Poverty is one of the two major drivers of piracy in the region (the other being poor data connectivity) and the Achilles heel of anti-piracy campaigns.

Babatope said: “The lack of sufficient funds for daily living has compelled over 70 percent of West Africa’s population to prioritise the basic needs of existence above all others, with access to digital content understandably viewed as a luxury.”

He observed that until poverty diminishes across the region or until legal content providers and their partners explore more affordable avenues for providing their services, delivering strong growth in the West African digital media market will remain a considerable challenge.

While calling on individual governments across the region to take a firm stand against the illegal distribution of intellectual property, he stating that the industry needs heavy sanctions to be implemented and enforced to deter pirates and their distribution networks.

He added that a message of zero tolerance to piracy needs to be reiterated across the region noting that despite the clear challenges that exist, IDC expects to see growth in the West African digital services market over the coming years, particularly in the more matured markets of Nigeria, Ghana, Senegal, and Cote d’Ivoire. BC

eleting files by accident is something that happens more often than you think, no matter how careful you are. It is very important to have a tool like Recuva as data recovery software.

There are so many data recovery softwares, but with Recuva (pronounced as “recover”) you can restore files that have been accidentally deleted from the computer hard drives, external drives like USB sticks, an ipod, or even a memory card from your photo camera.

Recuva is one of the best free file/data recovery software available and it’s very easy to use. Recuva will undelete files in Windows 8 & 8.1, 7, Vista, XP, Server 2008/2003, and older windows versions like 2000, NT, ME and 98.

Things Recuva does: · It scans through your hard drives, memory cards, and USB sticks to find files and folders you have deleted. · It tells you in advance how likely it is that your file(s) can be recovered. · It helps you recover files that windows can’t help you to get back. · It securely deletes a file you may have previously deleted. · Recover emails you deleted ‘permanently’ from Microsoft Outlook Express, Mozilla Thunderbird, or Windows Live Mail. · Recover files from your iPod, iPod Nano, or iPod Shuffle and can recover songs with Apple’s FairPlay DRM. · Recover Canon RAW (.CRW) format image files. · Recover files from NFTS, FAT, and exFAT-formatted drives. · It brings all your files back.

This recovery wizard takes all the guesswork out of finding your files. All you have to do is to select the type of file you want to recover (photos, emails, videos, etc.) and where it’s likely to be (recycle bin, on a media card, etc.). As soon as Recuva’s finished, you will see a list with all the recoverable files, which you can sort in several ways or search with a customizable filter tool. Then simply select the files you want to recover and you are ready to go.

Steps to recover your files: Recuva provides you with two ways to recover your files: a wizard mode, and an advanced mode. Ideally, you should install Recuva before you need it in cases of emergencies so that it could be of great help. Here are the steps below to recover your files: 1. Click on the given link to download the Recuva and install it. It’s free and working on approximately all windows versions.

2.

When it is installed, click on the icon to open it.

3.

Click on the type of data you want to restore. “All files” will be preferred because you can see all type of data to restore and click “Next”.

4.

Select the location from which you want to restore which means you select the device by clicking on “Browse” and then “Next”.

5. Now a “Thank You” message will show on the screen click on the “Start” icon.

6. Fill the box with the tick mark of the desired file which you want to restore and then click on the “Recover” button and it will start processing.

In conclusion, note that Recuva as great as it is cannot work if windows have overwritten the area where the file used to be; it cannot recover files you have deleted securely.

For example, if you have used CCleaner software to delete files using the secure option, they are gone for good and it cannot securely delete certain very small files that are held in the Master File Table (MFT) and files of zero-byte length.

Try to save your files in different drive as a guaranteed back up means to improve the success rate in getting back your lost files and make more backups periodically. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 25, 2015

A13 29

Muhammadu Indimi:

An astute oil magnate

By Adejuwon Osunnuyi

P

Indimi

Muhammadu Indimi is one of Nigeria’s low-key ultra-wealthy business tycoons, who according to Forbes, is worth well in excess $550 million as he is rated number 27 among Africa’s 40 richest businessmen. He founded a privately held Nigerian oil exploration and production firm, Oriental Energy Resources in 1990. Currently, hdue to his rugged determination, focus and never say die spirit he is noted to have attained an enviable position not only in the Nigerian terrain, but Africa at large

erhaps, except for those that operate in the same industry with him, it is most unlikely that not many would be familiar with the name, Muhammadu Indimi. Yet, this is one distinguished and highly successful Nigerian multibillionaire businessman whom the Forbes magazine has rated number 27 among Africa’s 40 richest businessmen. According to Forbes, he is said to be having a net worth well in excess of $550 million as of November 2013 with his contribution to GDP being as much as much 0.13 per cent.

However, as a distinguished and highly successful businessman with a notable presence in the international business arena, not many are aware that his rise to the top is a story of perseverance, determination and rare courage to be successful in life.

Not known to have been born with the proverbial silver spoon like some of his compatriots who are billionaire businessmen, Indimi’s rugged determination, focus and never say die spirit is noted to have made him attained an enviable position not only in the Nigerian terrain, but Africa at large.

Born in the ancient city of Maiduguri, Borno State capital, Indimi, who has distinguished himself as a highly successful businessman with a notable presence in the international business arena, came from a noble background. As a young man, coming from a background where formal education was given little or no consideration, with determination, Indimi, had to teach himself on how to speak and write in English language, a feat which made him a reference point in his community.

Age of 16, Dr. Indimi took a bold initiative launching himself into the business world. However, in 1990, he delved into the Nigerian oil and Gas terrain as he established Oriental Energy Resources, a privately held, Nigerian oil exploration and production company. Shortly after establishing Oriental Energy Resources, the firm was awarded OPL 224 by the Federal Government.

Interestingly, Oriental’s story can be said to be that of tenacity and perseverance. In the over 20 years that it had been founded, Oriental have converted OPL224 into OML 115 and have added both the Okwok and Ebok(OML 67), assets to its portfolio.

Being a multifaceted businessman, Indimi decided to expand his business interest beyond Oriental as he continued to seek alliances with other businesses to deepen his investment portfolio in the Oil exploration industry.

With the OPL 224 in its kitty, and having started work on the OPL 224 almost immediately, Oriental Energy Resources entered into a Technical Services Agreement with DuPont Nigeria Ltd which took them through the first half of the 1990s. By May 20, 1999, Oriental received approval from the Nigerian Department of Petroleum Resources for conversion of OPL 224 into OML115 as a result of the work that had been done on the Block. In the decade of the 2000s, the growth of Oriental had witnessed unprecedented height as the firm developed a technical advisory collaboration with Joe Bruso, CEO of Sovereign Oil & Gas, which continues till today. This collaboration of the two companies resulted in a favorable result stemming from the settlement of the International Boundary Dispute between Nigeria and Equatorial Guinea which impacted Oriental’s holdings in OML 115. This result gave Oriental the opportunity to farm-in to both the Okwok field in 2006 and Ebok field in 2007 of OML 67 from Mobil and NNPC. While Indimi’s Oriental went into strategic alliances with Addax Petroleum (Okwok); Nexen E&P Services Nigeria Ltd. (OML 115); and Energy Equity Resources Oil & Gas (OML 115), in 2006, Oriental and Addax announced the successful well test of Okwok 4 flowing 32 degree API oil from the lower D2 Reservoir. In 2008, Oriental also announced entering into a Technical Services Agreement with Afren Energy Resources to appraise the Ebok Field.

This Partnership expanded quickly with announcements of Afren signing a JVA with Oriental and Addax for the development of Okwok (2009) and then Afren signing a JVA with Oriental and EER for the exploration and appraisal of OML 115 (2010). In 2009, the Continued on pg A14

Business Courage

Ebok appraisal drilling program resulted in Ebok 4 confirming a total gross oil column of 284 ft in high quality reservoir sands, the Ebok 5 encountering a total of 377 ft. gross oil column, and the Ebok 6 encountering 107 ft. gross oil pay. This was followed in 2010 with the Okwok 9 appraisal well successfully confirming the commerciality of the Okwok Field.

2010 saw the rapid development of the Ebok Field with an aggressive drilling program as by August 2010, Oriental and Afren celebrated the Naming and Sailaway Ceremony for the Virini Prem Floating, Storage, and Offloading Vessel from the Yulian shipyard in China.

In December 2010, production testing resulted on three Phase 1 production wells delivered a constrained aggregate rate of 12,500 bopd of 24 degree API crude.

In January 2011, Oriental and Afren announced the sailaway of the Mobile Offshore Production Unit from Galveston, Texas to the Ebok Field. In March 2011, Oriental received approval from the Federal Republic of Nigeria for the establishment of the Ebok Terminal for the offloading of crude oil.

By the end of March 2011, the production, processing, and storage facilities have been installed at the Ebok Field and were being readied for First Oil. By the end of 2011 the Ebok field had produced approximately 3.0 million barrels of oil. In January 2012 the initial phases of the Ebok development have been successfully completed, following the commissioning and ramp up of all 14 production wells.

An Ocean Bottom Cable 3D seismic survey over the whole Ebok/Okwok/OML 115 area was completed in November 2011 in order to acquire 348 km2 of new data. The data will assist in future development and infill planning at the Ebok Field and development planning for the Okwok field.

On April 12, 2012, Oriental Energy Resources (“OERL”) and Afren Plc (“AFR”) spudded an exploration well in the Ebok Field’s North Fault Block reaching a total vertical, and measured, depth of 4320 ft. with the Transocean Adriatic IX jack-up drilling rig. The well targeted a fault block structure located north of the Ebok Field Central Fault Block and successfully encountered 370 ft. net pay of good quality oil in the same Tertiary reservoir s sands equivalent to those being produced in the main Ebok Field development. This significant discov discovery highlights the high grade prospectivity that exists across the wider Ebok/ Okwok/OML 115 area.

Logging operations for this well have been completed with results indicating a Pmean

‘

Monday, May 25, 2015

As a young man, coming from a background where formal education was given little or no consideration, with determination, Indimi, had to teach himself on how to speak and write in English language, a feat which made him a reference point in his community

‘

A14 30

STOIIP in excess of 100 million barrels of oil. The well has now been suspended while OERL and AFR determine the optimal development solution for the North Fault Block. This development solution will likely incorporate the existing production, storage, and Ebok Terminal infrastructure located on the main Ebok Field. This solution could also involve the early drilling of new production wells from the existing wellhead platform on the Ebok West Fault Block, followed by a full field development of the Ebok North Fault Block.

Dr. Indimi, commenting on the rare feat noted: “We at Oriental are pleased at the success of this Ebok North Fault Block exploration well and what it means to the overall success of the Ebok Field. We are also encouraged as this result pro-

vides a positive indication of the productivity that exists over Oriental’s assets in the immediate area.”

While the Ebok Field produces 35,000 barrels a day, it shares ownership of the projects with U.K.-listed oil exploration company Afren Plc. The Ebok Field was awarded to Oriental Energy Resources in 2007 by a joint venture between Exxon-Mobil and the Nigerian National Petroleum Corporation.

Through aggressive exploration and drilling programs, the Ebok Field came on production in the second quarter of 2011 which initiated the largest development program for an independent Nigerian oil company to date. Oriental is looking to bring the Okwok Field on production in the 1st quarter of 2015 with OML 115 to follow shortly thereafter as it has also

developed an offshore production hub centered on the established Ebok Terminal which is used for the storage and offloading of crude oil.

Since coming on board, Oriental has been a staunch supporter of the Nigerian domestic oil industry, adhering to strong ethical EHSS policies and has been a considerable contributor to the empowerment of its local host communities.

While Oriental engages in the exploration and production of hydrocarbons in the Nigerian oil and gas industry, it does this by forming strategic alliances to leverage world class technologies and practices with local knowledge and experience to create an efficient, cost effective, and on-time approach to project implementation.

Spreading its business web, in 2012, Indimi’s Oriental decided to pitch tent in The Gambia’s energy sector, particularly the petroleum sector as he met with the president of the Republic, Yahya Jammeh.

According to Indimi, it is prudent to come as Africans and grab the existing opportunities there before the “Western powers identify the place to take it away from us”. “So it is better for us to mobilise ourselves to come and grab the opportunities here because we have seen a lot of opportunities here,” he added, as he indicated his willingness to serve as an ambassador for The Gambia to many of his close associates whom he said do not know much about the country.

“The investment climate is good and I am so impressed with the little resources the country has and with the developments here – the road network from Airport – you have first class facilities. So that shows how this country is serious. So really I am happy to be here and I am looking forward to invest,” he said.

As the sole Founder and Chairman of Oriental Energy Resources Limited, with over 20 years of experience in the Nigerian upstream and Oil and Gas sector, the 66 year-old self made oil magnate sits on the board of several privately-owned companies cutting across different sector of the economy.

As a distinguished and highly successful businessman, Dr. Indimi has received numerous awards as well as honorary doctorate degrees from notable Universities in Nigeria, Ireland and the United States. He sits on the board of International University in Africa, Kharton, Sudan. As a notable humanitarian and a philanthropist who has used his financial resources to make a difference in the lives of many individuals as well as improving the quality of life in his community and his country, Indimi has given various scholarships to students to

National Mirror www.nationalmirroronline.net

pursue their education in Nigeria and abroad.

Having contributed to the growth of the university and entrusting it with his most precious assets-his children whom he sent to study at the Lynn University, the University decided to honour him with an honorary degree of Doctor of Humane Letters.

Today, six of Indimi children serve on the board of Oriental Energy. They include, Jibrilla Indimi, Ibrahim Indimi, Ahmed Indimi, Mustafa Indimi, Amina Indimi-Fodio and Yakolo Indimi-Babangida.

In 2012, in recognition to his outstanding contributions to the Nigerian economy and national development, Indimi was awarded the Rank of Officer of the Federal Republic (OFR) by the President, Commander-in Chief of the Armed Forces of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan.

Noted for its commitment to corporate social responsibility, through his Oriental Energy, Indimi is noted to have empowered various indigenes of the host communities where his company operates. For instance, recently, in Uyo, Akwa Ibom state, the firm commissioned two major development projects which formed part of the Oriental-Afren Partnership’s community development work in the region. The projects included the renovation of and the provision of equipment for the Chemical & Petroleum Engineering Department’s laboratories and libraries at the University of Uyo. This has helped the School re-attain accreditation from the Nigerian University Commission (NUC) and Council for Regulation of Engineering in Nigeria (COREN) and forms part of a 5-year project to transform the Department into Nigeria’s number one Chemical and Petroleum Engineering Studies Center.

In 2009, the Management of the University established collaboration between the University of Uyo and the Oriental-Afren Partnership. The collaboration led to the donation of textbooks and scientific journals to the Department of Chemical & Petroleum Engineering. Between 2011 and 2012, equipment worth approximately $750,000 were purchased by the Oriental-Afren Partnership and shipped to the University of Uyo. The equipment was subsequently installed and tested by an expert from the University of Texas at Austin, USA. Technologists of the Department of Chemical & Petroleum Engineering have been trained on the operation and maintenance of the equipment. In the last few months, additional equipment has been donated by the Oriental-Afren Partnership to the University. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 25, 2015

A15 31

ThebuddingEntrepreneurs

The lamp strategy for improvement BUSINESS

what degree; by when. A goal should stretch reasonably into the future.

KLINIC

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

words, these components are responsible for the value of lamp, which is the light. Either one of the lamp components that malfunction will badly affect its ability to generate light.

What lesson can an entrepreneur learn from the lamp analysis for business improvement?

First lesson: Oil lamp has a frame work and entrepreneur requires strategic frame work for improvement.

Enterprise Strategic Framework is a comprehensive picture of the organisation’s strategy. It clarifies how individual efforts and team projects can be connected to achieve the best outcome.

Enterprise strategic framework consists of the following elements: vision; mission; strategic time frame (long term” and a near term strategic time); strategic objective.

The strategic framework begins with the vision statement. If the enterprise has a plain vision statement or cor-

W

‘

While it is obvious that oil lamp has a wick; every enterprise requires workers initiating creative knowledge (W.I.CK). Wick inside oil lamp is the component upon which burning light takes place.

It is a key component for expression of values that lamp produces for the environment

porate goals, the team may be able to easily adapt them to the needs of the enterprise.

Maureen’s vision of the Charis Flavours venture is a good example: “... sell Charis plantain chips on every street, community, state, nation and continent.”

The mission statement is the clear description of the operating responsibilities of the enterprise.

The strategic time frame is specific so that everyone has a common understanding of the time period the strategic ob-

‘

“A

n oil-lamp, observing how well it was lighting up the area around it, was filled with pride.

“Even the sun could not do better!” he boasted.

“Just then, the wind started to blow and the lamp went out.

“Next time you think of comparing yourself to the sun,” said its owner, re-lighting it, “remember the sun doesn’t have to be re-lit.” -Aesop’s Fables of The Oil Lamp Humbled Also, according to the Holy Bible, “No one, when he has lit a lamp, puts it in a secret place or under a basket, but on a lamp stand, that those who come in may see the light.”

The truth is that people rarely give attention to the lamp processes as long as it produces light. The same way it is for business. The consumers in contact with products and services focuses on value derived and not necessarily the enterprise processes.

The customer loyalty to a business value is an effect caused by the enterprise business system.

Dear entrepreneur, it is time to improve the business effect. There is a good lesson from the “The Lamp strategy.”

Lamp has many components that made an effective system for lighting room and especially in many parts of Africa. Although there are different types of lamps, which range from gas, oil, and electric lamps but we will focus on oil lamp.

The core components of oil lamp are the metal frame work, wick, and the oil. These are the core of oil lamp system for generating and lightening the environment. In other

jectives period. One of my clients mentioned earlier, Charis Flavour has a long term to be a global media celebrated value driven company by 2017.

The long term should cover a reasonable period of time— minimum 3 to 5 years.

A strategic objective is a goal to reach. It should capture the essential ingredients for business success as viewed by the management team. A strategic objective should describe: First, what is to be accomplished that has not been done yet; second, to

Motivational Business Quotes

inning is not a sometime thing; it’s an all time thing. You don’t win once in a while, you don’t do things right once in a while, you do them right all the time. Winning is habit. Unfortunately, so is losing. – Vince Lombardi

In all realms of life it takes courage to stretch your limits, express your power, and fulfill your potential. It’s no different in the financial realm. – Suze Orman The expectations of life depend upon diligence; the mechanic that would perfect his work must first sharpen his tools. – Confucius The first one gets the oyster the second gets the shell. – Andrew Carnegie

Hire character. Train skill. – Peter Schutz The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency. – Bill Gates Look well to this day. Yesterday is but a dream and tomorrow is only a vision. But today well lived makes every yesterday a dream of happiness and every tomorrow a vision of hope. Look well therefore to this day. – Francis Gray Surviving a failure gives you more selfconfidence. Failures are great learning tools.. but they must be kept to a minimum. – Jeffrey Immelt BC

Second lesson While it is obvious that oil lamp has a wick; every enterprise requires workers initiating creative knowledge (W.I.CK) Wick inside oil lamp is the component upon which burning light takes place. It is a key component for expression of values that lamp produces for the environment. In any enterprise, the quality of working team determines the value any enterprise creates.

Hence, workers initiating creative knowledge (W.I.C.K) are a strategic component for business function improvement in any enterprise. Although strategic frame work elements such as vision and mission are important but without good team there cannot be real execution and business result.

The people who initiate creative knowledge will always determine the quality of values an enterprise develop and sale to the consumers market.

Third lesson Oil lamp requires oil, a form of energy, to burn and produce light. Every enterprise that will improve on business function requires energy in the form of team motivation.

When the oil in oil lamp is exhausted then light goes off and oil lamp value diminish. It is the same way in businesses that when team members’ energy drains the productivity lowers.

Energy is the ability to work. The source of energy for team members are numerous such as financial and non financial rewards, promotion, recognition, affirmation, respect, responsibility, work life balance, spiritual. The motivated team is usually full of energy and this is very important for consistent business functions improvement.

My encouragement is for the entrepreneurs to improve business function deliberately by properly designing a strategic frame form, building a creative team who develop values for consumers and motivating them to consistently provide energy and reinvent. BC

A16 32

Business Courage

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

ThebuddingEntrepreneurs

Nigeria’s Filmhouse master He never started out with the desire to go full blast into the entertainment industry. In fact, there is every reason to believe that his present accomplishment, as modest as it is, has to do with his dynamic and visionary disposition. By virtue of his training, he was supposed to be either a medical doctor or a research scientist, but here he is, never for a day administered a drug on any patient. A brief stint as a part-time worker in a cinema in the UK was all took to alter his career path.

Today, through vision, courage, tenacity, passion and intelligence, Kene Mkparu is transforming the entertainment industry and particularly the cinemas through The Filmhouse, the company he established along with a few like minds

Y

oung, amiable and a gentleman to the core, Kene Mkparu, chief executive officer, The Filmhouse is an enigma of sort. Endowed with keen business acumen and penchant for doing things to improve the welfare of others, Mkparu, a native of Nnewi, Anambra State has a positive attitude to change initiatives.

He obtained his first degree in Bio-chemistry and Botany from the University of Nigeria, Nsukka (UNN) in 1988 and had his eyes in becoming a medical doctor. However, by the time he graduated and observed his compulsory National Youth Service Corp (NYSC) programme, things began to change.

He traveled to the United Kingdom and this time, his perception of the medical profession changed slightly. While in U.K, he obtained a post-graduate degree in bio-pharmaceuticals sciences, the study of drug designs and at that point, he never wanted to be the regular doctor-patient-hospital type of professional any longer. Rather, he wanted to be a research scientist.

However, as things turned out, Kene Mkparu ended up not being a medical doctor in practice or a research scientist.

Today, he plies his trade in the entertainment industry where he sits atop The FilmHouse, luxury cinema house in Nigeria.

So how did someone who

wanted to be a research medical scientist in the UK end up in the cinema?

According to Kene Mkparu, his interest in the entertainment industry developed during his post-graduate studies in the U.K. As he narrated to Business Courage recently, while in the U.K, he got a part-time job with Odeon Cinemas, one of the biggest cinema chain in Europe and after he finished his postgraduate studies in 1990, rather than work in a pharmaceutical company, Mkparu got a full time employment with Odeon Cinema. “I liked the job, I really did so I stayed on it,” he said.

Due to the passion he had for the job, he rose through the ranks to become an assistant manager, a trainee general manager and thereafter, the general manager.

In the process of his rising profile at Odeon, he did another Masters Degree in Business Systems Analysis, Design and Programming, which is based on how to apply IT in making business efficient, all in an attempt to deepen and broaden his understanding of the dynamics of business in the 21st century.

However, rather than stay at Odeon where he had risen to the enviable position of general manger in one of Europe’s leading luxury cinema, Mkparu chose to follow his heart, entrepreneurship. “I have always

Mkparu

had entrepreneurship in mind even as an employee and I often try to find out what it will take to make anything that I’m passionate about to happen. What do I have to do; if it is an examination, which one do I have to take to get what I want and I

would go for it? And I also want to play a part in it, I don’t just want to know how it works; I want to be part of those making it work, I have always loved to be a volunteer,” he said.

Mkparu said that what really fired his desire to go into

cinema as a business was when at a conference for senior managers at Odeon, he asked the managing director whether the company had any thought of going to Africa specifically Lagos, Nigeria because he saw the potential in it. “But unfortunately, they weren’t really interested in coming to Nigeria,” he recalled.

Fortunately for him, at that point, he had seen the huge potential inherent in bringing the cinema to Nigeria. “I had already started seeing that I could do it and I started putting together all I felt it would take to do it because I believed that it could be done and today here we are, it has become a reality.”

A year after realising Odeon wasn’t prepared to champion the change and development he so desired for his people back home in Nigeria, Kene together with a team made up of other Nigerians, decided to head back home to pursue his dream.

But while Kene and his team were putting finishing touches to their home-bound trip in 2007, he was contacted by the South-African-owned Nu Metro Cinema in Nigeria, the second biggest cinema chain in Africa.

He flew in to meet with the team but he wasn’t pleased with their offer, so he went back to the UK. A year later, he teamed up with a friend of his who was in Nigeria to set up Genesis Deluxe cinema, but the partnership did not last more than a year as he, along with his colleagues from Odeon had to leave Genesis to establish their own called The Filmhouse Cinema.

“So, we started the journey of The Filmhouse sometime in

Management Principles

Six principles for successful new growth initiatives

S

uccesses in creating new growth lies in developing a systematic, organisational capability to identify, shape, and nurture new-growth initiatives. And the responsibility for doing that lies with the Chief Executive Officer CEO and the entire senior management team.

However, an examination of the practices of firms that have successfully fostered new-growth initiatives suggests that there are six principles that managers can apply to ensure that these initiatives succeed. Those principles are: 1. Make operational excellence in the core business your cornerstone: It may sound like a paradox, but having an efficient, profitable core business based on high-quality products and services gives you the license to go further in solving customers’ problems. It also gives you the funds to support new-growth initiatives.

The core business helps uncover other customer needs that involve using products more effectively: No product sale, no surrounding needs to serve.

2. Treat growth as a discipline to be pursued at all levels throughout the company: Managing growth is demanding and scary. It’s also creative and energising. Don’t hoard the experience at the top executive level.

Instead, distribute both the responsibility and the opportunities to grow as widely as possible through your organization. That’s how unexpected champions can emerge from the ranks.

3. Develop many small, maverick ideas, not a few large ones: A culture of growth alone is not enough examine your industry, your markets, and your customers, and then develop an informed sense of the breadth of new-growth opportunities available.. Someone has to come up with the breakthrough ideas and translate them into real offerings. In addition, bad ideas have to be killed quickly, before they consume significant time and money.

During the 1990s, the Milwaukee-based Johnson Controls firm shifted its focus from assembling automobile seats, a commodity product, to providing auto makers with integrated interior modules and, more recently, with complete cockpits. Thus, it moved from providing a high-quality product to addressing auto manufacturers’ needs to reduce the risk and complexity of vehicle design and improve efficiency in vehicle assembly.

National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 25, 2015

A17 33

ThebuddingEntrepreneurs

2010 which included a lot of travelling and a lot of groundwork and all the little but very important bits that people don’t see or hear about. What we did was almost akin to the farmer; often time people describe the farm by the growing crops on it, they don’t often describe the farm when it looks bare and the seeds are in the soil yet to sprout,” he said.

It took him and his colleagues two years to put everything together before The Filmhouse launched its first two cinemas in two weeks towards the end of 2012; one in Surulere, here in Lagos and the other one in Calabar.

Six months later, the Ibadan outlet was launched and three more cinemas in Port-Harcourt, Kano and Asaba are expected to be launched before the end of the year.

Kene says that The Filmhouse is not just another cinema but a whole new cinema experience for cinema goers. He explains that be-

cause a lot of global change and transformation is taking place technology-wise in the entertainment industry, the speed of adaptability is sometimes slow. “However, The Filmhouse can hold its head high up there among global cinema giants with its state-ofthe-art digital equipment which clearly sets it apart from all others in Africa except in South Africa where only a few luxury cinemas can match what we offer,” he said.

According to him, the whole world is going digital now with the DCP kind of projectors but unfortunately, Africa is a bit slower getting digital including South-Africa, though he acknowledged that South Africa is faster than other countries on the continent.

Kene says that his aim is that all Filmhouse cinemas would be 3Ds because that is the current global trend in the industry. “You need to consider the sound and projection standards because it needs to be cinematic, it needs to

4. Shift resources from product and technology innovation to customer and business innovation: In the early 1990s, Air Liquide launched technology that allowed a smaller gas production facility to reside on the customer’s site, instead of large centralised plants. On-site production was less capital-intensive, and products could be customised for individual customers.

One important side effect of on-site production was a higher level of ongoing interaction between customers and Air Liquide staff. The on-site teams soon discovered that their industrial customers had a variety of pressing needs that Air Liquide might be able to address, the company gradually expanded from its core commodity gases to offer a set of new services.

By seizing these new opportunities, Air Liquide has expanded its potential markets, gained a greater share of customers’ wallets, and improved customer loyalty.

5. Organise to suit the needs of the new business as much as the core business: Next-generation opportunities are often materially different from the core business, with different economics, capital structures, and methods of capturing value. To succeed, these businesses need to be understood and structured in this light.

The last thing senior managers want to do is open a Pandora’s Box of exceptions. However, form must follow function, and different business structures make sense for initiatives that are different from the core operations.

6. Use selective acquisitions and alliances to catalyse growth: Many companies that decide to pursue new-growth opportunities try to do so entirely with home-grown resources. In terms of staff, responsibility is often passed to strong performers who are already stretched thin or to people who have been passed over for other opportunities, and who may be mediocre performers.

A word of caution about acquisitions and partnerships, unlike traditional acquisitions, which are often focused on cost savings or synergies with the core business, the acquisitions that matter most in a new-growth context are those that speed development, bring in required skills, open doors to strategic markets, and otherwise improve the odds of success for your new-growth initiative. Keep profitability in mind when making acquisitions, but in the context of a new business, that may take extra time to bear fruit. BC

have a bang to give a different experience; a cinema must give you a totally different and better experience from what you can get at home no matter the size of your TV screen at home,” said.

Though he studied the sciences, Kene commands an excellent understanding of the film industry which he says is segmented into four sectors: film financing, film production, film distribution and film exhibition. “We are exhibitors and our primary job is customer services; a lot of time when people apply to work with us, they tell us that they are film makers, but I tell them that we are not film makers in the sense that we are not a film production or distribution company, we are a film exhibition company.

To fit into our business takes not only liking films but also the ability to treat customers the way they should be treated in a royal manner; the primary thing is customer service and that is the background that we have.”

Kene admits that the biggest challenge to the business of cinema in Nigeria, aside from financing, is the lack of trained skills.

“For example, the technicians or what people call the projectionists need to be specially trained. So, one of the biggest challenges we have is to get people trained because you can have the best cinema and the best customer service but if you don’t have the requisite technical know-how to put that film on, then your customers won’t watch anything,” he said.

To get around the problem, what The Filmhouse did at the beginning was to try and train people. One of the people that came back with us is an expert in cinema HR and another Nigerian who happens to be an expert in cinema sound and projection in Odeon. So, we are consistently training local people in any city that we set up and we have discovered that we have created experts from these Nigerians that can even train others and work in any luxury cinema anywhere on the globe,” he said.

The Filmhouse has a technical arrangement with Jack Roe, a UK based company for its IT systems and support but stressed that he would prefer working with Nigerian companies that can adapt to provide any aspect of technology.

So far, The Filmhouse has invested over N1 billion and Kene explained that a lot of money is still needed to set up more cinema outlets, adding that for instance, it costs about N22 million to set up just one auditorium’s sound and projection, excluding the cost of acoustic walls, special seats, IT equipment and others.

Funding for The Filmhouse project came from private investment and partly from the Federal Government’s $200 million creative and entertainment industry loan executed by the NEXIM Bank and the Bank of Industry. BC

Personal Finance Why successful entrepreneurs are early risers

W

hen running a business, it may seem like there are never enough hours in the day.

Tapping into the power of mornings, a time of day when there are less demands, might be the key to increasing your productivity.

Here are a few benefits to getting out of bed earlier. *You are less likely to get distracted in the morning.

An entrepreneur’s day fills up fast. If you wait until the afternoon or evening to do something meaningful for yourself such as exercising or reading, you’re likely to push it off the to-do list altogether. *You have more willpower early in the day.

Even if you aren’t a morning person, you may have more willpower in the early hours than later in the day. During the course of the day as you’re dealing with difficult people, making decisions and battling traffic, you use up your willpower, leaving you feeling depleted toward the end of the day. *Gives you the opportunity to set a positive tone for the day If you’ve ever slept in past your alarm clock or forgotten your kids’ lunches on the counter, you know that starting off the day with a failure can bring down your mood and affect your productivity at work.

Waking up earlier allows you to start the day with a victory and set the tone for a happier and more productive day.

If the thought of waking up at sunrise makes you cringe, here are four steps to transform even a habitual night owl into a morning person.

1.

Keep a time journal One of the reasons people say they don’t like mornings is that they stay up too late, therefore, keeping a time journal for a week to show where you may be using your time inefficiently could do the magic.

2.

Imagine your perfect morning.

Imagine what you would do if you had an extra hour in the day. Would you exercise? Read the newspaper rather than simply skimming the headlines?

Getting up earlier isn’t about punishing yourself; you will not get out of bed if you don’t have a good reason to do it.

3.

Plan your morning Once you have decided what you want to do with your extra time, plan how to execute it, and set as much up as possible the night before. For example, if you want to exercise in the morning, lay out your clothes the night before, or gather the ingredients for your breakfast.

4.

Build the habit slowly You will likely hit the snooze button and sleep in if you try to switch your habits drastically. So, instead of setting your alarm for 5 a.m. when you normally get up at 7: 30 a.m. set the alarm for 10 minutes earlier each day. To make sure you don’t lose sleep, go to bed 10 minutes earlier each night. If you have trouble hitting the sack on time, set a bedtime alarm. BC

A18 34

Business Courage

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Behind d Wheels This page is open to sponsorship

By Adejuwon Osunnuyi

I

n its bid in attracting the younger generation of Nigerian customers, MercedesBenz has officially unveiled its new sporty and compact CLAClass to the country’s auto market.

Westerstar Associates, the authorised distributor of the Mercedes-Benz brand of vehicles in Nigeria, says it is set to introduce the four-door coupe with its ‘breathtaking sporty proportions’ to the market.

The firm says in a statement that the car’s cockpit has been “patterned after those in the Mercedes’ sporty cars, with round vents punctuating the dash.”

From its racing soul, to your racing heart, simply put, the CLA is designed to capture glances, not get caught by the passing air. Its coefficient of drag is among the lowest not just in its class but the entire industry, cutting fuel consumption and wind noise. Beyond its incredibly low drag, expert airflow management enhances roadholding, stability and even poor-weather visibility.

Quick to respond, light in weight, and remarkably efficient, optional variable-torque 4MATIC® all-wheel drive can take the CLA250 to higher levels of agility and all-season confidence. As the grip changes at each wheel, 4MATIC can instantly and infinitely send up to 50 percent of the engine’s power output to the rear wheels, on demand.

The true value of the CLA is how it delivers the luxury lead-

ership and advanced innovation that earn a car the ThreePointed Star. From its winglike dash, sleek color screen and high-back power front sport seats, to its available Panorama glass roof and multimedia systems, the CLA cabin sets you apart from, and ahead of, the crowd.

The fuel-efficiency and fun of a manual with the relaxing comfort of an automatic: The 7-speed DCT transmission gives you both. The racing-derived dual-clutch design makes every shifts lightning-quick yet liquid-smooth. Three driving modes (ECO, Sport and Manual) and shift paddles on the steering wheel let you take the power in your hands.

Beneath the “power dome” hood of the CLA250 awaits a powerplant for a new era. A 208-hp turbo inline-4 turns less fuel into more torque with 3rd-generation Direct Injection and rapid-multispark ignition.

ECO Start/Stop automatically stops the engine at red lights to save fuel. It eagerly fires back to life the instant you’re ready to go.

From standard Bluetooth® wireless audio streaming to the available COMAND® navigation and innovative, integrated accessories, the CLA can bring you virtually endless entertainment and countless ways to make getting anywhere easier.

And with 450 watts of available harman/kardon LOGIC7® surround sound, you won’t miss a

beat.

From your car, computer or smartphone, mbrace connects you and your CLA-Class. And it does it in the ways you already connect with the world: With an ever-growing array of apps. Remote vehicle features.

The search help of Google® and Yelp. And assistance in an emergency. Standard mbrace® includes a trial subscription to the three mbrace Packages.

According to Westerstar Associates, drivers and passengers are bound to be drawn to its prominent features such as the bonnet embedded in the front end with power domes and the diamond radiator grille.

With optimum fuel consumption, low emissions and the world’s best Cd value for

a series production vehicle of 0.22, the CLA-Class appears to have set new benchmarks in efficiency in the medium-size category.

The Chairman, Daimler AG and Head of Mercedes-Benz cars, Dr. Dieter Zetsche, says, “The CLA is a car that does not confuse mid-range with mediocrity. Its powerful design underscores the sporty side of the Mercedes-Benz brand.”

Exterior The firm says the car’s light modules and LEDs behind the headlamp cover-glass have been arranged in a way to create a “flare effect” for the daytime driving lights and indicators. This shapes the new Mercedes face.

The gently sloping roof con-

tour and the pronounced, hallmark curvature of the rear window are said to provide the CLA with a coupé-style character from the rear.

It says, “The athletic impression from the rear results from the drawn-in C-pillars in conjunction with the shoulder muscle over the rear wheel arch linings. The tail lights are framed by the muscular lines of the shoulders which extend into the rear end, the horizontal orientation of the lights emphasising the rear’s powerful and aesthetic breadth.

“A large panoramic sliding sunroof is optionally available. This sunroof consists of a fixed polycarbonate cover at the front, a moving element made of mineral crystal and side trims to match the glass look.”

National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 25, 2015

A19 35

Behind d Wheels This page is open to sponsorship

Autocare K Keeping your car transmission in i good condition 1. Check the fluid level 1 he fluid in an automatic transmission operates the clutches, provides cooling and lubrication, and even drives the vehicle. So, few things are more important than proper fluid operating level for keeping the transmission working.

Most M automatic transmissions have a dipstick for checking the fluid level. If you’re not sure where yours is or how to check the transmission fluid level, refer to your owner’s manual. tr

T

2. Check transmission problems promptly: Most transmission 2 problems start out small. They get worse over time. Very often, p you y can eliminate major repairs simply by taking care of the problem early on. Whether it’s a warning light on the dash, a p few fe drops of fluid on the garage floor, or a change in the way the th transmission operates, your best bet is to take your car in to your technician. In many cases you’ll be able to avoid a major repair re simply by catching it while it’s still a minor one.

ter. The rear bench seat emphasises the outer seats (2+1-seater). l d contrasting stitchh Coloured ing is also available, according to the selected interior appointment options. A fibre-optic cable in the opening between head restraint and backrest is optionally available as part of the ambient lighting.

The standard equipment of the new CLA-Class is particularly generous with its air conditioning, three-spoke multifunction steering wheel plus 12 function buttons, steering column adjustable in height and longitudinal direction, greentinted heat-insulating glass.

Interior The interior design also contributes to the special feel of car, especially through the selection of high quality and wellblended materials.

The CLA is fitted with integral seats in the front and rear, underscoring its sporty charac-

Engine performance The CLA is available with high-torque turbo engines, sports suspension and the optional 4MATIC all-wheel drive, keeping with its sporty positioning.

For the CLA 180, the petrol engine displacement of 1.6 litres, covers an output spectrum of 90 kW (122 hp) and 200Nm of torque.

The CLA-Class can acceler-

ate from zero to 100 km/h in 9.3 seconds and has a top speed of up to 210km/h. The fuel consumption and CO2 emission figures of 5.4 l/100 km, “All engines feature the ECO start/stop function as standard. The engines are combined with a six-speed manual transmission or with the 7G-DCT d l t h automatic t ti transt duall clutch mission, which reconciles comfort and sportiness in inimitable fashion,” the firm says.

Safety One of its standard safety features is that it carries a new Collision Prevention Assist function, using radar. The CLA can alert the driver of upcoming obstacles when it is travelling at more than 4mph, and can calculate the amount of brake force needed to avoid an impact.

Also standard are its attention assist and its coffee-cup reminder to pull over and avoid drowsy driving, and a driver knee airbag.

Its safety options are adaptive cruise control; blind-spot monitors; lane-keeping assistance; and parking sensors with parking assist.

Infotainment The CLA Class comes with standard Bluetooth, cruise control, a power driver seat, and MB-Tex upholstery, according to an online auto journal, the Car Connection. It also sports the latest smartphone connectivity functions via MercedesBenz’s mbrace2.

Weststar lists other features of the car as audio 20 CD radio with dual tuner, colour display and MP3- WMA- AAC-capable CD drive, six speakers as well as Aux-in socket and USB interface in the centre armrest for external audio and video devices. BC

3 Regular service: Transmission fluids have a number of 3. u unique properties that can wear out over time. And when they w wear out, you can bet the transmission itself won’t be far beh hind. One of the best ways to keep your transmission in good w working order is to have it serviced annually. A complete fluid and filter change every year can add years to your transmisa s sion’s life, and in the end, save you money.

4 Add a friction modifier to the fluid: New fluid can really help 4. y your transmission last longer. But there are a number of additives on the market that have demonstrated the ability to ind c crease transmission life and reliability significantly, even beyond th the extra miles you could expect from regular service.

5. Install an auxiliary cooler: The main reason for transmission failure is heat. Transmission temperatures can quickly exceed 300? F: At that temperature, seals begin to harden, clutches begin to burn, and the fluid itself breaks down. To help eliminate excess heat from the automatic transmission fluid, have an auxiliary cooler installed. This is particularly important on vehicles that tow trailers, carry heavy loads or travel over rough or mountainous terrain.

6. Install a cooler line filter: All automatic transmissions have some type of filter inside them. But these filters vary in effectiveness. Meanwhile, loose dirt and metal particles can quickly erode thrust washer and bushing surfaces, clog up passages, and reduce transmission life. One of the best ways to eliminate these contaminants is to add an in-line filter to the transmission cooler lines. These filters are inexpensive and highly effective in removing damaging particles from the transmission fluid.

7. Service the cooling system: You may not realise it, but your car’s cooling system does more than keep the engine running cool: It also cools the transmission fluid, through a heat exchanger built into the radiator tank. So a faulty cooling system cannot only damage your engine; it can reduce transmission life as well. In fact, transmission damage may occur long before the engine overheats. To avoid both engine and transmission problems, keep your car’s cooling system clean and in tip-top condition.

8. Tune the engine: The engines and transmissions in today’s cars are linked far more closely than in the past. A problem with engine performance can put much more strain on the transmission than one that’s running properly. That’s another reason why it’s important to keep your car’s engine in good running order. A good running engine reduces the stress on your transmission, so the transmission can last longer without requiring major repairs.

9. Help the transmission shift: Virtually all transmission wear takes place during the shifts; almost none occurs between the shifts. So, one way to reduce transmission wear is to reduce the load during the shift. Pay attention to the speed when your transmission shifts normally. Then, just before the normal shift speed, learn to back off the gas just a bit. Easing off the gas will force the shift, while reducing the load on the clutches. BC

A20 36

Business Courage

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

REGULATORS

Court injunction stopping NCCG code, a setback – FRC chairman The Financial Reporting Council of Nigeria, FRCN, last Monday cancelled scheduled public hearing on the draft National Code of Corporate Governance, NCCG, as some interested parties obtained a court injunction to stop the event when they still had the opportunity of commenting on the draft.

In this interview with Udo Onyeka, Chairman, FRC, Hajia Maryam Ibrahim, who described the action of this group of persons as a setback for the economy, said Nigeria cannot afford not to have NCCG now, among other issues. Excerpts

W

hat was the grouse of those that obtained court injunction stopping the NCCG code public hearing?

They just felt simply they don’t just want the public hearing heard. We could not find what actually was the injury they would have suffered had the public hearing been heard.

It supposed to be a place where they would have said how they feel about the code and protect

nance like Botswana. And what you find in Nigeria if you look at the FRC laws is what exactly they too have adopted. I don’t know why we do not want to move forward as a nation.

Ibrahim

the issues they are raising. We already have comments from independent shareholders association. May be they did not want a dissenting voice from the independent shareholders.

This would have brought the fact of the matter to the fore at the hearing. So it is a way of preventing us from going ahead with public hearing and we are all surprised at the development.

However we have talked to our lawyer. And he would go to the court to present the required documents. We are taking the right steps and we are waiting for the right thing to be done.

What is the implication of

the court injunction stopping the public hearing?

The implication is that this is a setback for the Nigeria economy, not really for FRC. But you can say it is setback for the FRC strategic implementation of the code. But then Nigeria populace should know that until we get a good corporate governance code put in place. I want to say that by the grace of God come May 29 a new government will be in place. We need thatn code for disciplinary measures. It is very important and key for the country. I just returned from Mauritius which is rated as the best in Africa in corporate governance and most of the other countries have adopted good corporate gover-

What are some of the advantages of NCCG code?

It is an opportunity to raise the bar in both public and private institutions and would also make directors personally accountable for their actions and inactions.

As you are well aware, our nation currently boasts of six different persuasive codes issued by six different regulators to meet the need of the entities they regulate. The six different persuasive codes were issued and are currently being applied by the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation, National Insurance Commission, National Pension Commission, the Securities and Exchange Commission, the Corporate Affairs Commission and the Nigerian Communications Commission.

Modern society believes that the era of very weak and persuasive corporate governance codes is long gone due to stiff competing environment for foreign direct Investment; of which binding regulation is a major factor being considered by investors and stakeholders.

Provisions were made for the development and enforcement of a National Code of Corporate Governance in the Financial Reporting Council of Nigeria Act No. 6, 2011.

On media reports claiming that there were divisions in the FRC’s board?

I am surprised when I saw that publication. When people want to be mischievous they can really be. The money for FRC Academy contributed by banks is still very much intact, what I do know is that we have subscribed to international accounting standard board where we needed to clear about 120 thousand pounds because we are stakeholders, the government didn’t give us the money but we needed to pay and the board has taken a decision that before the FRC start its developmental issues that the money should be invested in the treasury bills, the boad has taken all that decision so when people talk I wonder where they come from.

When the board members saw some of the publications, they were surprised. There is no problem at all among the board members.

I think what happened was that there were some arrears that needed to be paid to some categories of staff but you know this is a young board and eventually they were paid.

Some members of staff also needed to be promoted but it has to follow due process. We are also surprised about reports of financial impropriety levelled against the FRC management. The board members had seen all the council’s bank documents and there was no missing fund. BC

Odumodu harps on need for inter-African trade

T

he Director General of Standard Organisation of Nigeria, SON, who is also the current president of African Organisation for Standardisation, ARSO, Dr. Joseph Ikem Odumodu has observed that African countries have the great potentials for building a robust economic base that will transform the continent into a strong economic hub, but must first ensure that all elements of economic sabotage are dealt with.

Addressing the media in Lagos, Odumodu said that if Africans could trade with one another, the common enemies of the continent like counterfeiters and purveyors of sub-standard products across the continent would be defeated.

According to him, over 80 per cent of sub-standard products circulating in Africa come from outside the continent, a

situation which he described as quite worrisome.

The ARSO President who was speaking against the backdrop of ARSO President’s forum coming up in Abuja, Nigeria next month, said the event expected to gather together Chief Executive Officers of National Standards Bodies, NSBs, in Africa, tagged “Africa Rises for Standards in Abuja” holds June 22-24, 2015.’

He said hosting the Chief Executive Officers (CEOs) of National Standards Bodies (NSBs) in Africa, through the ARSO President’s Forum calls for celebration, as a milestone in the history of ARSO in particular and Africa in general, as its outcome will fulfil the dreams of the founding fathers of the African Union (AU) and by extension, the ARSO. This first of its kind event, also fulfils a long desire

by Africa to take its future and development in its hands.

He added that the Abuja Forum will amongst other expectations bring about the strengthening of the standardisation capacities of Africa through dialogues, information and experience sharing, which will form the key elements required to promote and sustain Africa’s productivity and trade.

He further said that ARSO, seeks to integrate the whole of Africa through standardisation to empower the continent to look within itself for sustenance, adding that standardisation is capable of breaking borders and barriers inhibiting trade and development. The Giant strides being recorded by some countries and Regional Economic Blocks in exports to other continents are noted and laudable but could be bet-

ter without the current intracontinental barriers which have continued to remain stumbling blocks even with neighbours.

He implored industrialists, traders, service providers and development partners to help SON by sponsoring the Abuja forum which he said is expected to cost over One Hundred Million Naira. The ARSO President’s forum, according to the Chairman of the organising committee who is a Director in SON, Dr. Paul Angya, is indeed a major continental project that will bring together all experts and heads of standards bodies across the world to come and cross-fertilise ideas.

Part of the programme would be made in Africa Expo where exhibitors who would participate in African Expo coming up in Cairo, Egypt would be selected.

Odumodu

The pre-ARSO Stakeholders/Media Launch in Lagos was attended by representatives of government agencies, businessmen, industrialists, development partners as well chieftains of security organisations. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 25, 2015

A21 37

Stock market last week (ETPs) valued at N990,777.65 executed in 23 deals compared with a total of 25,469 units valued at N3.339 million transacted last week in 53 deals.

Retail Bonds A total of 10,333 units of Federal Government Bonds valued at N11.795m were traded this week in 2 deals. There was no trade in bonds in the previous week.

NSE trading hall

Equities turnover of 2.943 billion shares worth N16.045bn in 21,306 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.626 billion shares valued at N14.426bn that exchanged hands last week in 20,124 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2,624 billion shares valued at N8.189bn traded in 11,611 deals; thus contributing 89.14 per cent and 51.04 per cent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with a turnover of 82.643 mil-

lion shares worth N4,752bn in 3,753 deals. The third place was occupied by the Conglomerates Industry with 73.966 million shares worth N365.50m in 948 deals.

Trading in the Top Three Equities namely – Lasaco Insurance Plc, United Bank for Africa Plc, and Skye Bank Plc, (measured by volume) accounted for 1.864 million shares worth N2.028 billion in 1,972 deals, contributing 63.33% and 12.64% to the total equity turnover volume and value respectively.

A

ETPs Also traded during the week were a total of 25,211 units of Exchange Traded Products

NASD OTC REPORT

NASD OTC MARKET REPORT

Index Movement The NSE All-Share Index and Market Capitalization depreciated by 0.49 per cent and 0.45 per cent to close on Friday at 34,272.09 and N11.644trn respectively.

Similarly, all indices finished lower during the week with exception of the NSE Insurance index that edged higher by 0.99 per cent while the NSE ASeM index closed flat.

Summary of Price Changes Thirty-nine (39) equities appreciated in price during the week, higher than thirty (30) equities of the preceding week. Thirty-two (32) equities depreciated in price, lower than forty-one (41) equities of the preceding week, while one hundred and twenty-two (122) equities remained unchanged, same as recorded in the preceding week. BC

WEEK 21

1 OUTSTANDING OFFERS AND BIDS ON NASD OTC Outstanding deals since March, 2015.

Security Industry SD ACORN PETROLEUM PLC Oil & Gas SD ARM LIFE PLC Financials SD ARM PROPERTIES PLC Financials SD AFRILAND PROPERTIES PLC Financials SD BGL PLC Financials SD CAPPA AND D'ALBERTO PLC Industrials SD CENTRAL SECURITIES CLEARING SYSTEM PLC Financials SD DUFIL PRIMA FOODS PLC Consumer Goods SD FRIESLAND CAMPINA WAMCO NIGERIA PLC Consumer Goods SD FOOD CONCEPTS PLC Consumer Services SD GEO-FLUIDS PLC Industrials SD GOLDEN CAPITAL PLC Financials SD INDUSTRIAL & GENERAL INSURANCE PLC Financials SD JAIZ INTERNATIONAL PLC Financials SD NIGER DELTA EXPLORATION & PRODUCTION PL 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

RUSTRUSTBOND MORTGAGE BANK PLC

Financials Technology Industrials Financials Technology Financials

Offers Nominal value (₦) 0.50 0.50 0.50 0.50 0.50 0.50 1.00 0.50 0.50 0.50 0.50 0.50 0.50 1.00 10.00 0.50 0.50 0.50 0.50 0.50 1.00

Last Offer Date 19-May-15 20-May-15 21-May-15 16-Apr-15 27-Apr-15 12-May-15 14-May-15 14-May-15 24-Apr-15 21-May-15 18-Mar-15 18-May-15

Bids

Volume offered Last Offer Price Last Bid Price 429,800 1.93 2.40 212,500 5.20 4.42 276,396 291.00 275.00 1,550,000.00 0.60 0.51 234,166 0.86 753,550 0.25 50,000.00 0.85 16,000 255.00 1,261,000.00 1.28 1.10 44,978,780 0.62 386,800 2.18 265,000.00 1.38 -

2 DEMATERIALISATION AND CUMULATIVE TRADE IN OTC SECURITIES 22-May-15

Security Industry SD ACORN PETROLEUM PLC Oil and Gas SD ARM LIFE PLC Financials SD ARM PROPERTIES PLC Financials SD AFRILAND PROPERTIES PLC Financials SD BGL PLC Financials SD CAPPA AND D'ALBERTO PLC Industrial SD CENTRAL SECURITIES CLEARING SYSTEM PLC Financials SD DUFIL PRIMA FOODS PLC Consumer Goods SD FRIESLAND CAMPINA WAMCO NIGERIA PLC Consumer Goods SD FOOD CONCEPTS PLC Consumer Services SD GEO-FLUIDS PLC Industrial SD GOLDEN CAPITAL PLC Financials SD INDUSTRIAL & GENERAL INSURANCE PLC Financials SD JAIZ INTERNATIONAL PLC Financials SD NIGER DELTA EXPLORATION & PRODUCTION PL Oil and Gas SD PARTNERSHIP INVESTMENT COMPANY PLC Financials SD RESOURCERY PLC Technology SD RIGGS VENTURES WEST AFRICA PLC Industrial SD SPRING MORTGAGE PLC Financials SD SWAP TECHNOLOGIES AND TELECOMMS PLC Technology RUSTRUSTBOND MORTGAGE BANK PLC Financials

Market Indicators for Week Ended 22-05-15 All-Share Index 34,459.70 points Market Capitalization 11,652,876,038,670.61

Volume Bidded Last Bid Date 1,212,500 21-May-15 1,000,000 15-May-15 6,000 21-May-15 200 14-May-15 14-May-15 200 -

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 LimNnenna Ejekam Associates Capital Bancorp Plc First Registrars Limited Stanbic IBTC stockbrokers limited Meristem 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 Lim PAC Registrars Limited Prominent Securities Limited United Securities Limited

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

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 4,257,668,000 1,170,324,536 14,231,238,000 4,014,429,720 181,408,000 2,875,595,000 2,576,686,039 880,394,000 7,138,199,210 2,705,378,000 10,945,334,000

39,997,346 6,000,000 10,513,835 72,428,500 407 38,212,855 166,694,539 82,817,426 548,946,441 64,987,688 909,102,121 1,201,500 3,570,100 42,656,878 515,900,000 14,750,000 73,554,205

92,487,871,775 2,591,333,841

2.00% 0.10% 0.00% 0.84% 0.60% 0.00% 0.76% 0.00% 17.07% 1.47% 12.89% 5.55% 6.39% 0.03% 1.97% 1.48% 20.02% 0.00% 0.00% 0.55% 0.67% 2.80%

DEALS 9 5 5 1 41 212 40 9 13 4 2 4 10 10 359

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

VOLUME 9,400

VALUE (₦) 22,974.00

118,417 271,718.25 6,300 18,900.00 303 30,300.00 12,415,160 58,422,832.00 3,570,984 1,089,331,948.13 5,035,850 2,626,883.00 10,787,538 16,065,347.62 108,910,200 109,992,853.00 500 425.00 66,000 8,250,000.00 1,400 2,056.00 112,000 109,796.00 12,050 27,955.50 141,254,246 1,344,904,865.50

A22 38

Business Courage

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Nigerian Breweries: Concerns over decline on return of equity

N

igerian Breweries earnings for the financial year ended December 31, 2014 dropped due to the impact of devalued naira and fluctuating foreign exchange, which affect input cost. However, the company increased cash dividend despite a decline in earnings per share. The company recorded earnings per share of N5.62 in the period, down 1.4 per cent, compared to N5.70 in 2013.

On the contrary, cash dividend declared for the period increased by 5.6 per cent to N4.75, compared to N4.50 declared in 2013 and it translates to payout ratio of 84.5 per cent relative to 78.9 per cent in the preceding year.

Profitability The company’s revenue remains almost flat for the financial year ended December 31, 2014, as it recorded N266.4bn, a decline of 0.8 per cent when compared to N268.6bn recorded in the same period of 2013. The decline in revenue is a reflection of the intensity of competition in the market. On a quarterly basis, Nigerian Breweries’ revenue stood at N71.6bn in the fourth quarter, higher than N53.2bn in the third quarter of 2014 by 34.5 per cent.

The company recorded 1.0 per cent decline in cost of sales, which lifted gross profit margin marginally. The cost of sales stood at N130.8bn, from N132.1bn recorded in the same period of 2013. The variance in the decline in relative to revenue led to a 10 basis points fall in cost of sale /revenue ratio to 49.1 per cent relative to 49.2 per cent in 2013.

However, the average prices of grains which are major input in the processing of both alcoholic and non-alcoholic beverages declined in the review period relative to the preceding year. For example, the average prices of barley and corn declined 29.2 per cent and 25.5 per cent respectively to $146.1tonne and $129.88/ tonne in 2014 compared with $206.36/tonne and $258.96/

Nico Vervelde, MD/CEO Nigerian Breweries

tonne in 2013.

Efficiency However, the continuous decline in returns on equity and returns on assets poses a concern. For the year under review, the company recorded returns on equity and returns on assets of 24.7 per cent and 12.2 per cent respectively compared to 38.3 per cent and 17.0 per cent in 2013.

The decline in the indicators is a reflection of weakness in the overall efficiency in the current year, however the consistency in the pattern of decline over the years is a concern. The company recorded the highest return on equity and return on assets of 60.5 per cent and 26.5 per cent accordingly in the past five years, 2010 and the lowest in the review year, though profit margins have remained stable over the period.

Exposure to foreign exchange Nigerian Breweries currently sources 43 per cent of its raw materials locally, implying that the company has over 50 per cent exposure to foreign exchange. However, it also sources its raw materials via Heineken (parent company), which its effects on currency may not be pronounced.

The company’s export sales constitute a mere 0.20 per cent of total sales revenue, which is inconsequential. Its major exposure to currency risk relates to importation of raw materials, spare parts.

The company has various measures to curb exchange rate risk in the long term, however, sustained pressure on the local currency against the dollar is expected to affect the company’s performance dearly.

Business strategy Nigerian Breweries and Consolidated Breweries merged late last, which is expected to efficiently manufacture products of both entities through the combined operational capacity of both companies, as products will also be sold and distributed across the entire combined sales and distribution network of the two companies The merger ensures that Consolidated Breweries’ quality brands are marketed and distributed nationwide, hence creating more value for all stakeholders in the future.

The company investments in the last two years amounted to about N15bn. In 2013 alone, N6bn was invested in new equipment, capacity expansion and process standardization.

The merger provides a platform where the enlarged company benefit from economies of scales in procurement, distribution and manufacturing of all the products on offer.

Heineken NV Position “This has created improvement in our operational efficiency and cost savings. The impact of these measures is already manifesting in our performance in the result of

2014. In the first quarter of 2014, we reported very strong volume growth well ahead of the market average,” the Managing Director, Boudewijin Haarsma said.

Companies Background Nigerian Breweries Plc, formerly Nigerian Brewery Limited, is a Nigeria-based company. The company is a subsidiary of Heineken N.V. Incorporated in 1946 Nigerian Breweries plc pioneered the brewing of lager beers in Nigeria when it introduced Starlager beer in 1949. Today Nigerian Breweries operates eight breweries in Nigeria and has a diverse range of products. Apart from it brewing activities, the company is also involved in the marketing of stout and non-alcoholic malt drinks and the bottling.

Analyst’s opinion Long-term solvency and stability position of the company is optimal despite increases in financial gearing.

The company’s solvency and stability position in the longterm is within acceptable level, though financial gearing ratio increased to 12.6 per cent in 2014, from 7.4 per cent in 2013. BC

National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 25, 2015

A23 39

STOCKWATCH Stock Exchange weekly equities summary as at Friday, May 22, 2015 SECURITY

PRICE (=N=)

AGRICULTURE/AGRO-ALLIED Crop Production FTN COCOA PROCESSORS PLC 0.50 OKOMU OIL PALM PLC. 30.26 PRESCO PLC 30.69 Fishing/Hunting/Trapping ELLAH LAKES PLC. 4.26 Livestock/Animal Specialties LIVESTOCK FEEDS PLC. 2.42 CONGLOMERATES Diversified Industries A.G. LEVENTIS NIGERIA PLC. 1.54 CHELLARAMS PLC. 3.95 JOHN HOLT PLC. 0.90 SCOA NIG PLC 4.44 TRANSNATIONAL CORP. OF NIG.PLC 3.07 U A C N PLC. 41.20 CONSTRUCTION/REAL ESTATE Building Construction ARBICO PLC. 5.30 CAPPA & D’ALBERTO PLC. NT Building Structure/Completion/Other COSTAIN (W A) PLC. 0.85 G CAPPA PLC 14.46 Non--Building/Heavy Construction JULIUS BERGER NIG. PLC. 52.00 ROADS NIG PLC. 6.29 Real Estate Development PINNACLE POINT GROUP PLC NT UACN PROPERTY DEV 10.10 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. 6.78 GOLDEN GUINEA BREW. PLC. 0.93 GUINNESS NIG PLC 155.72 INTERNATIONAL BREWERIES PLC. 20.00 JOS INT. BREWERIES PLC. 1.92 NIGERIAN BREW. PLC. 153.28 PREMIER BREWERIES PLC 3.43 Beverages--Non-Alcoholic 7-UP BOTTLING COMP. PLC. 178.00 Food Products BIG TREAT PLC NT DANGOTE FLOUR MILLS PLC 4.07 DANGOTE SUGAR REFINERY PLC 6.41 FLOUR MILLS NIG. PLC. 35.00 HONEYWELL FLOUR MILL PLC 3.60 MULTI-TREX INTEGRATED FOODS PLC 0.50 N NIG. FLOUR MILLS PLC. 18.05 NATIONAL SALT CO. NIG. PLC 8.05 P S MANDRIDES & CO PLC. 5.35 U T C NIG. PLC. 0.50 UNION DICON SALT PLC. 11.84 Food Products--Diversified CADBURY NIGERIA PLC. 39.90 NESTLE NIGERIA PLC. 881.00 Household Durables BETA GLASS CO PLC. NT NIGERIAN ENAMELWARE PLC. 31.82 VITAFOAM NIG PLC. 4.95 VONO PRODUCTS PLC. 1.22 Personal/Household Products P Z CUSSONS NIGERIA PLC. 28.66 UNILEVER NIGERIA PLC. 45.00 Textiles/Apparel UNITED NIG. TEXTILES PLC. NT FINANCIAL SERVICES Banking ACCESS BANK PLC. 6.29 DIAMOND BANK PLC 4.49 ECOBANK TRANSNATIONAL INC. 21.70 FIDELITY BANK PLC 1.90 FIRST CITY MONUMENT BANK PLC. NT GUARANTY TRUST BANK PLC. 29.10 INTERCONTINENTAL BANK 13.50 SKYE BANK PLC 2.57 STERLING BANK PLC. 2.13 U B A PLC 10.50 UNION BANK NIG.PLC. 10.50 UNITY BANK PLC 2.36 WEMA BANK PLC. 0.96 ZENITH BANK PLC 22.25 Insurance Carriers, Brokers & Services AFRICAN ALLIANCE INS. COY. PLC 0.50 AIICO INSURANCE PLC. 1.00 CONFIDENCE INSURANCE PLC NT CONSOLIDATED HALLMARK INS. PLC 0.50 CONTINENTAL REINSURANCE PLC 1.00 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 0.53 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 3.00 MUTUAL BENEFITS ASSURANCE PLC. 0.50 N.E.M INSURANCE CO (NIG) PLC. 0.88 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 0.53 Micro Finance Banks FORTIS MICROFINANCE BANK PLC 5.42 NPF MICROFINANCE BANK PLC 1.28 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 6.4 Other Financial Institutions AFRICA PRUDENTIAL REGISTRARS 3.03 CUSTODIAN AND ALLIED INS. PLC 4.00 CRUSADER ( NIG) PLC. NT DEAP CAPITAL MGT & TRUST PLC 0.67 FBN HOLDINGS PLC 9.15 FCMB GROUP PLC 3.14 ROYAL EXCHANGE PLC. 0.50 STANBIC IBTC HOLDINGS PLC 30.00 SIM CAPITAL ALLIANCE VALUE FUND 103.24 NIGERIA ENERGY SECTOR FUND 552.20 UBA CAPITAL PLC 1.49 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 22-05-15

52 WK HIGH

QUANTITY

52 WK LOW

9,140 261,540 107,996

0.64 107.81 41.14

0.50 20.92 8.24

SHARES OUTSTANDING

EPS

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

0.10 2.29 7.55

MOV. (%)

N/A 6.40 2.30

Previous

0.50 28.44 30.00

70

4.26

4.26

60,000,000

0.00

N/A

4.26

1,249,104

7.18

0.68

1,199,549,736

0.07

0.83

2.40

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

-4.94 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

1.62 3.95 0.90 4.44 3.19 40.00

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

0.81 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

0.58 N/A

51.70 6.29

NT 324,368

7.28 20.90

7.28 8.82

1,375,000,000

0.00 2.20

N/A -1.46

NT 10.25

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

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 0.46 N/A N/A -1.22 N/A

7.09 0.93 155.00 20.00 1.92 155.18 3.43

24,150

75.90

38.12

640,590,362

4.46

N/A

176.00

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 -12.28 -2.88 0.00 3.75 N/A N/A 0.63 N/A 0.00 N/A

NT 4.64 6.60 35.00 3.47 0.50 18.05 8.00 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

0.00 -2.11

39.90 900.00

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 -22.41 N/A

NT 31.82 6.38 0.94

156,973 119,119

56.00 76.00

21.02 27.60

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

1.34 1.42

-1.17 -0.07

29.00 45.03

NT

0.97

0.57

843,284,027

0.00

N/A

NT

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

1.78 2.75 0.65 0.53 #VALUE! -1.36

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

18.43 -0.93 101.92 0.00 0.00 -3.03 0.14

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 0.00 N/A 29.41 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 1.00 NT 0.50 0.99 0.50 NT 0.50 0.53 0.50 0.50 NT 0.53 0.5 0.50 0.50 0.50 3.00 0.50 0.68 0.50 NT 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.54 5.42 1.26

0.63

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

6.18 4.37 21.56 1.89 NT 29.50 13.50 2.17 2.15 5.20 10.50 2.23 0.99 22.22

N/A N/A 1.78 N/A 0.00

0.29

1.25 0.50 1.42 0.50 6.4 2.99 4.17 NT 0.67 8.99 3 0.50 30.00 103.24 552.20 1.49

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. 1.81 FIDSON HEALTHCARE PLC 3.59 GLAXO SMITHKLINE CONSUMER PLC 44.00 MAY & BAKER NIGERIA PLC. 1.86 NEIMETH INT PHARM PLC 1.20 NIGERIA-GERMAN CHEMICALS PLC. 6.32 PHARMA-DEKO PLC. 2.23 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 4 NCR (NIGERIA) PLC. 11.02 TRIPPLE GEE AND COMPANY PLC. 1.69 Processing Systems CHAMS PLC 0.50 E-TRANZACT INTERNATIONAL PLC 3.39 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 21.50 BERGER PAINTS PLC 10.00 CAP PLC 41.50 CEMENT CO. OF NORTH.NIG. PLC 10.50 DANGOTE CEMENT PLC 177.90 DN MEYER PLC. 0.83 FIRST ALUMINIUM NIGERIA PLC 0.50 IPWA PLC 0.50 PREMIER PAINTS 10.93 LAFARGE WAPCO PLC. 96.08 PAINTS & COATINGS MANFACT.PLC 1.33 PORTLAND PAINTS & PRDT NIG. PLC 3.47 Electronic and Electrical Products AUSTIN LAZ & COMPANY PLC 2.09 CUTIX PLC. 1.58 NIGERIAN WIRE AND CABLE PLC. 0.50 Packaging/Containers ABPLAST PRODUCTS PLC. NT AVON CROWNCAPS & CONTAINERS 1.52 BETA GLASS CO PLC. 36.40 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. 5.11 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. 0.73 OIL AND GAS Energy Equipment and Services JAPAUL OIL & MARITIME SER. PLC 0.50 Integrated Oil and Gas Services OANDO PLC 17.71 Petroleum &Petroleum Products Distributors BECO PETROLEUM PRODUCT PLC 0.5 CONOIL PLC 41.91 ETERNA PLC. 2.80 FORTE OIL PLC. 177.80 MOBIL OIL NIG PLC. 154.00 MRS OIL NIGERIA PLC. 50.54 TOTAL NIGERIA PLC. 148.03 Exploration and Production SEPLAT PETROLEUM DEVT. CO, LTD. 350.00 SERVICES Advertising AFROMEDIA PLC 0.50 Apparel Retailers LENNARDS (NIG) PLC. 3.15 Automobile/Auto Part Retailers R T BRISCOE PLC. 0.80 Courier/Freight/Delivery RED STAR EXPRESS PLC 4.80 TRANS-NATIONWIDE EXPRESS PLC. 1.15 Employment Solutions C & I LEASING PLC. 0.69 Hospitality TANTALIZERS PLC 0.50 Hotels/Lodging CAPITAL HOTEL 4.07 IKEJA HOTEL PLC 3.90 TOURIST COY NIG PLC 3.51 TRANSCORP HOTELS PLC 9.63 Media/Entertainment DAAR COMMUNICATIONS PLC 0.50 Printing/Publishing ACADEMY PRESS 1 LEARN AFRICA PLC 1.15 STUDIO PRESS (NIG) PLC. 2.30 UNIVERSITY PRESS PLC. 6.00 Road Transportation ABC TRANSPORT PLCPLC 0.60 Specialty INTERLINKED TECHNOLOGIES PLC 4.66 SECURE ELECTRONIC TECH.PLC 0.5 Transport-Related Services AIRLINE SERVICES AND LOGISTICS PLC 2.45 NIG. AVIATION HANDLING COY PLC 6.08 SUPPORT AND LOGISTICS CAVERTON OFFSHORE GROUP PLC 3.51 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

-9.05 12.19 -0.45 16.25 9.09 N/A N/A

1.99 3.20 44.20 1.60 1.10 6.32 2.13

37,000

0.96

0.50

2,960,000,000

0.11

0.00

0.50

100

0.50

0.50

2,941,789,472

0.00

N/A

0.50

NT

0.91

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

4 12.19 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

Previous

100

0.50

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 5.03 0.00 -3.49 0.00 -0.34 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

-2.16 N/A N/A

2.72 20.47 10.00 43.00 10.50 178.50 0.83 0.50 0.50 10.93 98.20 1.27 3.64

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 0.00 N/A

2.09 1.58 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 33.00 11.48 NT NT 0.63

100 200 NT

8.69

8.26

265,409,280

0.00

N/A

0.14

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

0.00

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

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 0.73

1,408,720

1.02

0.50

6,262,701,716

0.00

0.00

0.50

4,924,248

24.80

9.32

2,262,711,568

1.24

-0.56

17.81

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

4.98 3.70 2.64 1.78 N/A -1.31

0.5 39.92 2.70 173.23 151.30 50.54 150.00

306,355

28,677,671

200

0.72

0.50

100

3.48

3.48

209,933

2.45

1.00

2,572,000 3,000

5.10 3.45

2.19 0.73

4,035,497,307

387.00

0.00

N/A

0

N/A

0.50 3.15

980,294,400

0.00

-13.04

0.92

589,496,310 198,819,763

0.52 0.00

-2.44 N/A

4.92 1.06

4,059,547

1.64

0.85

865,808,912

0.00

N/A

0.69

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

2.90

4.07 3.79 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 -0.50

1 1.15 2.30 6.03

955,140

1.29

0.50

1,507,000,000

0.21

N/A

0.56

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

4.66 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 -10.59

2.11 6.80

189044

3.7

60

1.43

1.04

45,000,000

0.12

N/A

NT

100

2.26

1.02

201,885,335

0.00

N/A

NT

100000 1000

NT NT

NT

0.60

0.60

30,000,000

0.00

N/A

NT

NT

0.50

0.50

24,898,850

0.00

N/A

NT

NT NT

1.88

1.63

125,005,250

0.00

N/A

NT NT

NT NT 1,000

0.50

0.50

6,650,000

0.00

N/A

3.05

2.76

194,700,000

0.00

N/A

2,706

2,003

41 10

#VALUE! 49467

NT NT NT

NT NT NT

A24 40

Business Courage

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

41

Law & Justice nationalmirrorlaw@yahoo.com

‘’It is undoubtedly true that the system of government the constitution contemplates is based on a separation of powers ’’ Retired Justice of Supreme Court, Justice Modibbo Alfa Belgore xx

Constitution amendment procedure should be rigorous, says 42 Oyeyipo

Rivers State Governor, Rotimi Amaechi

N’ Delta: How Adaka Boro was tried, convicted

45

California prostitute bags six years jail term

46

Governor-elect, Wike

How to resolve crisis relating to Rivers Gov-elect inauguration —SANs Barely few days to May 29, the controversy over who is constitutionally empowered to administer oaths of allegiance and oaths of office on Rivers State Governor-elect, Chief Nyesom Wike, and his deputy, Mrs Ipalibo Harry-Banigo, is reverberating in the state. WALE IGBINTADE examines the issue in line with views from some lawyers in the country.

S

ections 185 (1) and (2) of the 1999 Constitution (as amended) stipulate the procedure for administering the oath of allegiance and the oath of office of a State Governor. Specifically, Section 185 (2) states that “the Oath of Allegiance and oath of office shall be administered by the Chief Judge of the State or Grand Kadi of the Sharia Court of Appeal in the State, if any, or president of the Customary Court of Appeal in the State, if any, or the person for the time being respectively appointed to exercise the functions of any of those offices in any state”.

Therefore, it is not in doubt that the constitution vested on each of the offices stipulated under Section 185(2) of the Constitution, the power to administer oath of office to a governor.

My take is that if you cannot get the Chief Judge of the state or Grand Kadi of the Sharia Court of Appeal of the state, or President of the Customary Court of Appeal in the state,

then no governor can be sworn in.

However, there is an impending constitutional crisis that may arise in Rivers State, where at present there is no Chief Judge, acting Chief Judge or President of the Customary Court of Appeal, as the substantive president was suspended by the National Judicial Commission (NJC).

Already, the Attorney- General of the Federation and Minister of Justice, Mohammed Bello- Adoke (SAN), has directed the Chief

Judge of Bayelsa State to administer the Oath of Allegiance and Oath of Office on the Rivers State Governor-elect, Wike, on May 29.

According to AGF, the request became necessary because of the existing vacuum in the office of the Chief Judge of Rivers State as well as the office of the President of the Customary Court of Appeal of the state.

The AGF in his statement also admitted that the absence of a sub-

stantive CJ had created a vacuum and rendered strict compliance with requirements of Section 185(1) and (2) of the 1999 Constitution under which Wike should be sworn in virtually impossible. He said the decision to appoint Bayelsa state CJ to carry out the exercise in accordance with Section 185 (2) was to avert any likely constitutional crisis in the state on May 29 when Wike was expected to be sworn in as governor.

But, there are divergent views among lawyers over the directive of the AGF and whether the constitution envisages a situation where there is no substantive Chief Judge or president of the Customary Court of Appeal in the State.

Speaking on the issue, former Dean, Faculty of Law, University of Benin, Prof. Itse Sagay (SAN), declared that no swearing CONTINUED ON PAGE 44

42

Law & Justice

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Constitution amendment procedure Adetunji Oyeyipo, a Senior Advocate of Nigeria (SAN), was a member of the National Executive Committee of the Nigerian Bar Association (NBA) between 2000 and 2002.

In this interview with WALE IGBINTADE, the one-time Secretary, NBA, Kaduna branch, speaks on a wide range of legal issues that include the amendment of the constitution and the challenges before the Supreme Court, among others. Excerpts.

Some senior lawyers have often argued that the 1999 Constitution lies about itself when it says “We the people” in its the opening chapter whereas the constitution itself was drafted by few people assembled by the military. What is your take on this issue?

I don’t think the constitution was drafted by few people who were just put in one room and asked to come up with a constitution. Yes, the constitution may not have involved a wider range of people that some other people may want but, don’t forget that the constitution was drafted during the military regime. However, you must bear in mind at all times that there was wide consultations and there were certain committees that were put in place by the military government to consider the constitution.

Again, the constitution if you take a look at it and put it side by side with the 1979 Constitution, you will find out that they share a lot of similar provisions.

The 1979 Constitution was a product of a Constituent Assembly of people who were elected and some appointed who came together to consider what sort of constitution that should govern the country and they came up with the 1979 Constitution. What the 1999 Constitution has attempted to do was to improve on what the 1979 Constitution has done.

But, let us for purposes of argument agree that the constitution was put together by military men. We have had civilian administrations for the past 16 years; the country has been governed from local government level to state government level to the Federal Government level by civilians. Tell me, what have they done about it? You will see that all the attempts made to come up with some other constitution have not fared very well. During the Obasanjo administration, there was a conference set up which everybody now believe was actually put in place because of his alleged third term agenda, it failed.

Again, we had a national conference set up by the Jonathan administration which had all sorts of people at the conference, the composition of the confer-

Oyeyipo, SAN

I think there should be a filtering mechanism at the Court of Appeal that will determine whether any proposed appeal should get to the

Supreme Court

at all ence itself was criticised by almost everybody. You’ll find all kinds of interest groups claiming that they were excluded or they were marginalised. In Nigeria, I can assure you that if you asked everybody to come and vote on every section of the constitution, they will still come up with some forms of excuses that, they have been excluded.

What is the way out?

I think what we should do is to hold on to the 1999 Constitution as it is and perhaps if we can get whatever useful reports from the national conference and use it as a basis for amendment of the 1999 Constitution. When people complain about the constitution that it tells lies about itself and if I remember very well, I think it

was the late Chief Rotimi Williams SAN, one of the best legal brains that Nigeria has ever produced who raised this issue when he said the preamble to this constitution which says: “We the people of Nigeria having resolved….” When people say that, I think they are doing that against the realities of our country, Nigeria and against the realities of how the Fourth Republic came into existence.

Some have alleged that the adoption law in Nigeria is too cumbersome, do you share this view?

I don’t. 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. 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.

You find out that our children can’t speak the mother tongue very well and language is the very first line of contact when you talk of culture. Therefore, over time we have become seriously confused about what exactly is our culture in Nigeria. 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

National Mirror www.nationalmirroronline.net

Law & Justice

Monday, May 25, 2015

should be rigorous, says Oyeyipo 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.

The 2015 elections have ended, what are your expectations from the election tribunals?

Well, for the first time in the 16 years life of this particular republic, we find losers in the elections accepting defeat and even openly congratulate the victors. This is a very good sign. I think it is partly a reflection of the level of fairness in the conduct of the election by INEC. I think to a large extent, in most part of the country, elections were free and fair and people just decided to accept that. Having said that, there are some cases where the losers feel that elections were not free and fair, there were some malpractices and so they can challenge the elections. That is alright, that is why the law courts are there while people like us are also there to assist anybody who have any grievances about the elections to ventilate their grievances before the appropriate tribunals.

What I expect is that the tribunals will probably not have as much issues as in the past. The 1999 elections and the 2003 elections up to the 2007 elections were characterised by widespread malpractices. I mean one of the elections, I believe it is the 2007 election that was conducted with ballot papers that were not serialised and that is a very, very grave non-compliance with the Electoral Act. Because, if you use ballot papers that were not serialised it becomes difficult to audit the elections based on the ballot papers used for the election.

But here, we have ballot papers serialised, we have the card readers which unfortunately failed in some places and which INEC said in those areas where the card readers does not work, you can use manual accreditation. All these things put in place by INEC will help the tribunals to determine whether the elections ought to be upheld or should be annulled. I expect that those who will go to the tribunals will go, I expect lawyers to come up with their usual arguments but, I think to a large extent it will be fairly easier for the tribunals to come to just decisions in these cases.

Some of your colleagues have observed that the number of appeals before the Supreme Court is enormous and that the court is over burdened. Do you share this view?

Yes, I do, the apex court is actually over burdened, there are too many appeals going to the Supreme Court. I think the solution really includes, one, ensuring that these Justices of the Supreme Court have aides who can help them to do their researches on issues that come up; such that even before the matter is called in the open court, the Justices would have had a fair idea of what the issues are all about

43

and would have even known which areas they want the parties to address them on.

Then, it would be easy for them without difficulty to dispense with the matter.

Secondly, I think there must be a mechanism for filtering appeals that go to the Supreme Court. Right now, there are certain appeals that go to the Supreme Court as of right. Criminal appeals where there is death penalty, civil appeals which involves question of law alone, interlocutory appeals which also involve question of law alone. I think there’s should be a filtering mechanism at the Court of Appeal that will determine whether any proposed appeal should get to the Supreme Court at all.

You see, our people have this nature that unless the Supreme Court has spoken on their case, they will not give up.

I think it’s wrong. The solution really will be to make sure that the aides of the Justices of the Supreme Court are people who are very well -educated, very well learned and who can make the jobs of the Justices easier and appeals going to the apex court must be properly filtered to make sure that it is only the ones that raised genuine issues of substantial law that end up at the Supreme Court. The Supreme Court is not like a Magistrate’s Court or a Customary Court where you take all kinds of cases to for adjudication.

Unfortunately, that is what they have turned the Supreme Court to.

How do you see the current face-off between the Presidency and the National Assembly over the Fourth Alteration Act 2015?

Well, the issue of constitutional amendment cannot but engenders a lot of interest. Going by the proposed amendment, it appears it covers wide area which includes the delicate but fundamental issue of separation of powers. Mr. President felt that the National Assembly did not comply with the mandatory provisions of the 1999 Constitution as amended that is, Section 9 of the constitution. He also felt that a lot of the amendments really ought to be reconsidered and so he sent the bill back to the lawmakers.

But, I am more interested in the legal reasons for rejecting the bill because if I understand Mr. President very well and the honourable Attorney-General of the Federation, what they are saying is that the National Assembly did not comply with the mandatory provisions that are required. Such amendment requires four-fifths majority of members of each House in the National Assembly as required by the constitution and also that each state Houses of Assembly passing the motion approving all those sections of the constitution. I think the President is well within his prerogative to do that. I also think that the way and manner this amendment was rushed, in my opinion, leaves much to be desired. I am not sure all the states Houses of Assembly actually debated these things and like I said, I am not sure because I don’t know but, everything appears to have been rushed.

States have developed a penchant for suppressing and practically treating the local government areas and administration as extra- ministerial bodies So, you think the President has done the right thing?

Yes, I think the President is most likely on sure footing in this matter but again, I must say that I am not fully aware of the facts. If you look at the previous exercises of the constitutional amendments in 2010 and 2011, although those ones were on a very narrow area, it has to do more of the electoral process than this one. You will see that even those constitutional amendments were done in a hurry. I for one, I don’t believe this is the way a constitution of a country should be amended. I think it should be much more rigorous procedure which allows for a wider range of consultations, an involvement of as many people as possible before that sort of amendments are carried out.

Some of your colleagues are of the view that not all the things in our constitution ought to written. What is your take on this?

Well, it is difficult to say these are the things that should be in a constitution and these are the things that should be out of the constitution. Well, of course, it is common knowledge that England has unwritten constitution and they still run

very well and they understand the way the system works, but, you cannot really say this must be in the constitution and this other issue must not be in the constitution. But, for a country like Nigeria, where even when things are in black and white people still find a way around it.

For example, people quarrel about the issue of local government they are asking whether why the issue of local government should be a constitutional matter?

Yes, there are arguments for and against it, but then you find out that states have developed a penchant for suppressing and practically treating the local government areas and administration as extra ministerial bodies under the control of state government which should not be. And this is a matter that is under the constitution so you can imagine what will happen if it was not under the constitution. I think most of what you have in the constitution that people quarrel about were put in there by the framers of the constitution because they took into consideration the nature of our people and the fear is that if you don’t put this in the constitution they will abuse it and I think the fears are justified.

44

Law & Justice

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

How to resolve crisis relating to Wike’s inauguration — SANs CONTINUED FROM PAGE 41

in could take place until any of the judicial officers assigned by the constitution is appointed. ‘’ My own view, having read section 185 (2) of the constitution is that it is impossible because the constitution does not envisage a situation where there would be no Chief Judge, no President of the Customary Court of Appeal of the State. This situation is one in a million circumstances. So, the Rivers State situation is so peculiar and I doubt whether that was what the constitution was anticipating’’. ‘’My own inclination is that we are in a situation where nothing can be done. My take is that if you cannot get the Chief Judge of the state or Grand Kadi of the Sharia Court Appeal of the state, or President of the Customary Court of Appeal of the state, then no governor can be sworn in’’.

But Dr. Abiodun Layonu (SAN) expressed a contrary view. According to him, the situation has not created any constitutional crisis stressing that ‘’taking of oath of office is merely ceremonial’’ and nothing more.

He said ‘’the oath is formality and ceremonial. Any judge in the absence of those can administer it. What the Attorney-General of the Federation and Minister for Justice has done is justifiable on ground of necessity though I ll rather use a Judge of Rivers State. ’’ Chief Mike Ozekhome (SAN), aligned with Layonu and argued that ‘’What the Attorney-General has done is constitutional and legal, so as to avoid serious constitutional crisis. Governor Rotimi Amaechi has erroneously thought that by ensuring that the courts in Rivers state are closed down for nearly one year, he can prevent the new governor from being sworn in. That was a wrong legal advice given to him, if there was one given to him either by his Attorney-General or any other person.

According to him, ‘’the outgoing gover-

Sagay

Nwobike

The request of the AGF is not proper. If there is a vacuum, the best way to address it is to ask a judge in Rivers State to perform the task of swearing in the new governor. nor of Rivers State should have known that there is no way an incoming governor will not be sworn in’’.

Ozekhome further argued that even if the AGF failed to take steps, the NJC could have intervened and appointed one of the most senior ranking judges in Rivers State as acting Chief Judge just for the purpose of swearing in the new governor. He insisted that what the Attorney-General has done ‘’is legitimate and it’s needed’’.

In the same view, Dr. Joseph Nwobike (SAN), said the directive of the AGF was in accordance with the provisions of Section 185 of the constitution, hence there would

Bar

Jokes

Lawyer’s funeral

A man is at his lawyer’s funeral and is surprised by the turnout for this one man.

He turns to the people around him. “Why are you all at this man’s funeral?” A man turns towards him and says, “We’re all clients.” “And you ALL came to pay your respects? How touching.” “No, we came to make sure he was dead.”

Pickpocket in court

A pick pocket was up in court for a series of petty crimes. The judge said “Mr. Banks you are hereby fined $100.” The lawyer stood up and said “Thanks, my lord, however my client only has $75 on him at this time, but if you’d allow him a few minutes in the crowd. . .”

Robbed Lawyers

Ozekhome

Two lawyers are in a bank, when, suddenly, armed robbers burst in. While several of the robbers take the money from the tellers, others line the customers, including the lawyers, up against a wall,

be no crisis on May 29 But, in his opinion, Mr. Olu Daramola (SAN) said ‘’ the request of the AGF is not proper. If there is a vacuum the best way to address it is to ask a judge in Rivers State to perform the task of swearing in the new governor. Asking the Bayelsa State Chief Judge to perform the swearing in is an assault on the hallowed principle of federalism and the constitution’’ Speaking in the same vein, Lagos lawyer, Ebun-Olu Adegboruwa said ‘’ The swearing in of a governor of a state is a matter for the internal affairs of that state and this cannot be usurped or taken over

and proceed to take their wallets, watches, etc. While this is going on lawyer number one jams something in lawyer number two’s hand.

Without looking down, lawyer number two whispers, “What is this?” to which lawyer number one replies, “It’s that $50 I owe you.”

I sentenced accused’s arm to one year jail term A lawyer defending a man accused of burglary tried this creative defense: “My client merely inserted his arm into the window and removed a few trifling articles.

His arm is not himself, and I fail to see how you can punish the whole individual for an offence committed by his limb.” “Well put,” the judge replied. “Using your logic, I sentence the defendant’s arm to one year’s imprisonment. He can accompany it or not, as he chooses.” The defendant smiled.

With his lawyer’s assistance he detached his artificial limb, laid it on the bench, and walked out.

Justice Triumphs

A lawyer had a jury trial in a very difficult business case. The client, who had attended the trial, was out of town when the jury came back with its decision, which was for the lawyer and his client.

The lawyer immediately sent a telegram to his client, reading, “Justice has triumphed!” The client wired back, “Appeal at once!”

by the Attorney General of the Federation.

Although it is true that section 185(2) of the 1999 Constitution permits the Chief Judge or the President of the Customary Court of Appeal, of another State, to swear in a governor in another State, such function, can only be performed, at the behest of the particular State concerned, in this case Rivers State, and not upon the directive of the Hon. A.G.F., with due respect. ‘’I appeal to the Governor of Rivers State, Rotimi Amaechi, to formally request the Chief Judge of Bayelsa State, to conduct the swearing in. The fact that the All Progressive Party is challenging the election of Nyesom Wike, before the Election Petitions Tribunal, is no reason to frustrate his swearing in, as required by law. The pendency of APC’s petition, is in itself a concession of the election of Nyesom Wike, however wrongful, it may have been.’’

LEGAL TIPS Law regulating Juvenile Offenders in Nigeria

*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 tried for rape or defilement, but may be tried and convicted for indecent assault, which is a lesser offence.

Written by Francis Famoroti, Judiciary Editor .We welcome feedback and reactions from readers via our email: nationalmirrorlaw@yahoo.com

National Mirror www.nationalmirroronline.net

Law & Justice

Monday, May 25, 2015

45

N’ Delta: How Adaka Boro was tried, convicted The Late minority rights activist, and pioneer of the present day Niger Delta struggle, Isaac Jasper Adaka Boro, was a leading figure in the emancipation of the Niger Delta people in the country’s post-independent era. Boro and two of his followers were later tried for treason by the Federal Government in 1966. They were eventually convicted and the Supreme Court unanimously affirmed their conviction. FRANCIS FAMOROTI, Head, Judiciary, writes.

FAMOUS CASES

A

daka Boro came into prominence in 1966 when proclaimed an Independent Niger Delta Peoples’ Republic with a flag and an emergency constitution.

He paraded himself as the General Officer Commanding the Niger Delta Volunteer Force (DVS) and leader of the Liberation Government.

Due to Boro’s intense agitation for resource control, it was learnt that he formed a band of fighters and allegedly trained them in the use of explosives and arms.

Sometimes in March 1966, Boro, armed with a theory he called XYZ, declared Ijaw Republic thus: “Today is a great day, not only in your lives, but in the history of the Niger Delta.

We are going to demonstrate to the world what and how we feel about oppression”.

The activist and his followers also allegedly attacked a police station, blew up the armoury and took rifles and ammunition.

They also reportedly blew up oil pipelines and engaged the police in a gun battle. Boro and two of his followers, Samuel Timipre Owonaru and Nottingham Dick were arrested and charged before Justice Phil-Ebosie, then of the Port Harcourt High Court, Eastern Nigeria.

Specifically, they were prosecuted for treason contrary to section 37(1) of the Criminal Code (CC).

The charge reads: Isaac Jasper Adaka Boro, Samuel Timipre Owonaru and Nottingham Dick between the 20th day of February, 1966 and the 7th day of March, 1966 at Yenagoa in the Port Harcourt Judicial Division and in diverse other places in the Niger Delta levied war against the State in order to intimidate or overawe the head of the Federal Military Government.

Although the men pleaded not guilty, the trial judge found guilty of the offence as charged and sentenced them to death.

The trial judge held that Boro and others levied war against the State and did so in order to frighten the government into agreeing to their carving out an area of Nigeria as an independent republic. This, the court declared was an offence against the enabling proviso of the CC and it did not matter that the government had a superior force or that its head was too far from the scene of the plot to be frightened. Boro and others were therefore convicted.

On appeal, their counsel accepted that the men had levied war but argued that the object of section 37 (1) of CC was to protect the personal safety of the head of state and that to sustain the charge it must be proved that the head of state was intimated or overawed by fear of injury to his person.

In its verdict, the appellate court dismissed their appeal and affirmed the decision of the lower court.

Aggrieved by the judgement, the appellants appealed to the Supreme Court. Chief

G.K.J Amachree appeared for Boro and others while S.D Adebiyi and S.O Sogbetun represented the State.

The Supreme Court panel included the then Chief Justice of Nigeria, Justice Adetokunbo Ademola, Justices Onyeama, G.B.A Coker, Ajegbo and Lewis.

Delivering the lead judgement on December 5, 1966, the then CJN, Justice Ademola, reviewed the trial and conviction of the appellants at the lower court and held that the two main documents admitted as exhibits were drafted by Boro and typed on his instructions . The court said the copies of these documents were posted in various villages in the course of the operations of the DVS. According to the apex court, ‘’ after his arrest, the first appellant (Boro ) made two detailed statements to the police in which he admitted that he organised, and recruited men into, the DVS and trained them in the use of firearms and explosives and that he directed and took part in the operations.’’

Justice Ademola said it was in evidence that the other two appellants also admitted being part of the organisation that blew up pipelines at Odi and Oloibiri.

The Supreme Court disagreed with the submission by counsel to the appellants that there was a difference between intimidating and overawing the Head of State. ‘’We consider the Head of State is an embodiment of the State and, in our view, to intimidate the Head of State is the same thing as intimidating the State. In answer to a question from the court Mr. Amachree admits that there can be no doubt that there was sufficient evidence before the learned trial judge to show that there was intent to levy war, but he said that there was nothing to show that there was intent to intimidate The Late Adaka Boro or overawe. ‘’In our view, however, not only was the levying of war proved in this case but the evidence established an intent to overawe ue to oro s intense agitation for resource the Head of State of the Federal Military control it was learnt that he formed a band Government when interpreted as the embodiment of the State as we have indicated of fighters and allegedly trained them in in this judgement it should be.’’ the use of explosives and arms ometimes in The apex court said the only ground of appeal before it failed and the appeal must arch oro armed with a theory he be dismissed. called declared jaw epublic The Supreme Court accordingly affirmed the decision of the appellate court and also dismissed the appeal. However, Nsukka to study Chemistry, died in myste- ties in the Niger- Delta increases. fate played out in Boro’s favour as he was, rious circumstances in Okrika.

He was the legendary environmentalist albeit temporarily, rescued from the trouIt was gathered that to his kinsmen, Boro whose memory will continue to stir curiosbled waters. It was gathered that during the remains the most important figure in Ijaw ity, even from his grave. Last week, the Ijaws civil war, the Yakubu Gowon regime grant- and Niger-Delta after Izon’, the latter being who are his kinsmen celebrated the annual ed him amnesty. the man reputed to have founded the Ijaw Isaac Adaka Boro day that often draws over Despite Boro’s conviction and subse- nation over half a millennium ago. To the 200,000 participants in the Niger Delta. quent freedom, the Niger Delta people com- Ijaws, Izon occupies the place of Moses in At the ceremony, Esther Boro, eldest prising the young, the old and women still Jewish mythology, but after him, Boro ‘is daughter of the late Boro, laid, who laid adore and revere him as a rare gem whose next.’ the wreath on behalf of the family, told spirit continues to hang on the skies of the Interestingly too, Boro’s popularity the gathering that she was robbed of her oil-rich region. from his six-feet celestial home at a memo- father’s care by his struggle and agitation Boro, who attended Proccorl Primary rial park in Port Harcourt, has continued to for a better Ijaw nation and an emancipated School in Kiama and Henry College, Warri soar as the intensity of the militant activi- Niger Delta. before proceeding to University of Nigeria,

D

M

B ,

’

1966, B XYZ,

,

.S

I

R

Law & Justice

46

Australian court jails Iraqi smuggler for10 years

California prostitute bags six years jail term A

USA

lix Tichelman, the California call girl accused of injecting Google executive Forrest Timothy Hayes with a lethal dose of heroin, has pleaded guilty to involuntary manslaughter and other charges.

BBC report says that she was sentenced to six years behind bars, though she’s only expected to serve three of those years, the Santa Cruz Sentinel reports.

“This was an accident and a panic and she is so, so sorry,” Tichelman’s public defender Jerry Christensen told the court.

Hayes was found dead onboard his yacht in November 2013. Camera footage from the boat showed Tichelman

SYDNEY

A

n Iraqi man has been sentenced to 10 years in jail by an Australian court after pleading guilty to smuggling asylum-seekers from Indonesia.

BBC report says that Sayed Omeid helped organise two boats carrying a total of 555 asylumseekers to the Australian territory of Christmas Island in 2001, authorities said.

Omeid, 43, from Erbil in Iraq’s north, had pleaded guilty to the people smuggling charges..

During sentencing in the Perth District Court, Judge Mark Herron said Omeid played a central and integral role in bringing 555 people from Indonesia to Christmas Island.

“People worked for you and received instructions from you,” Judge Herron said.

He said Omeid organised accommodation, transport, food, false

National Mirror www.nationalmirroronline.net

Monday, May 25, 2015

Australian Prime Minister, Tony Abbott

passports and boats to bring people to Australia.

“You exposed the passengers to potentially unsafe conditions in unreliable and overcrowded boats,” Judge Herron said.

He rejected Omeid’s lawyer’s contention his client had been motivated by humanitarian or altruistic purposes.

injecting Hayes with the drug, then abandoning him to die, finishing a glass of wine before leaving the yacht.

Tichelman was arrested last July after she was lured back to Santa Cruz, where the crime took place, in a prostitution sting.

Santa Cruz Deputy Police Chief Steve Clark described Tichelman’s behaviour in the video as cold, adding that she later did Google searches of herself “looking for information on and looking for ways to get herself out of it.”

Hayes was not the first person involved with Tichelman to die in this manner. Her former boyfriend, Dean Riopelle, was hospitalized in Milton, Georgia, for a heroin overdose in September 2013 and died a week later.

US President Barack Obama

UAE court hears forged e-visas’ case DUBAI

A

United Arab Emirates court has commenced hearing in a suit filed against a Filipina travel consultant that she forged e-visa forms and emailed these to a woman and her mother who wanted to visit Dubai.

According to ABC report, the Filipina, 25, was accused of effectively embezzling some Dh6,100 (P71,041) from a travel agency when she faked the two e-visas, Gulf News reported.

She did not face the Dubai Court of First Instance where she was scheduled to enter a plea on Wednesday, however, as she was not brought out of jail.

Presiding judge Fahd Al Shamsi adjourned the case until the Filipina is brought from her detention.

In the case, a woman told prosecutors she asked the Filipina to book twoway tickets for her mother and sister and to issue them visit visas.

She said the defendant emailed her in January photocopies of the visas and claimed that she sent the original to the Philippines.

The defendant was cited admitting

to prosecutors that she forged the visas and kept the money for herself.

It was the second case against the Filipina, who had admitted earlier she embezzled Dh64, 000 through forging e-visas.

At the time, she confessed printing out authentic tourist visa forms from Dubai’s General Directorate of Residency and Foreigners’ Affairs online system.

She then made photocopies of these, and tampered with the tourists’ details on them before sending them to potential tourists. She is to be sentenced in this case on May 28.

Breach of contract: Bank may pay N10 billion damages COMMERCIAL LAW Wale Igbintade

A

Lagos High Court has fixed hearing of a N10 billion breach of contract suit filed by WTS Broadcast Limited against First Bank Nigeria till June 9 as efforts to settle the matter out –of- court appeared to have broken down.

The trial judge, Justice Yetunde Adesanya adjourned the matter for the bank to open its defence as the claimant had already closed its case at the last adjourned date.

WTS Broadcast Limited through its lawyer, Chief Bolaji Ayorinde SAN, prayed for an order declaring that the conversion by the bank of N4.5billion fund released to it by the Debt Management Office was unlawful.

Specifically, the claimant is asking for an order directing First Bank to reverse forthwith all interest, management, insurance and facilitation fees on the purported N5billion loan facility allegedly granted to the claimant’s totaling N537,029,777,86 and any other charges by whatever name or description.

The claimant in suit No- LD/45/ 2013 stated that the money represented profits

and monies due to it (claimant) upon the successful completion of a contract dated September 17, 2009, funded by the Federal Government of Nigeria through the Debt Management Office and Nigeria Television Authority respectively.

It urged the court to order the bank to immediately reverse and pay the sum of N7, 373, 958, 00 deducted from the claimant’s account for the demurrage incurred as a result of the six months delay in clearing from the Nigerian Ports, Apapa Lagos, equipments imported by the claimant.

The claimant alleged that the delay in clearing the equipment arose as a result of First bank’s misplacing the Bill of Lading covering the importation.

The claimant in its witness statement on oath alleged that sometimes in 2009 the Federal Government of Nigeria was to host the FIFA under 17 Football World Cup Tournament in several cities across Nigeria.

The firm bided for the contract and was awarded to upgrade and refurbish the broadcasting equipment’s of the Nigeria

Television Authority to be able to cover the tournament.

But, the bank in its statement of defence, accused the claimant of approbating and reprobating about the facts that led to the transaction.

The bank contended that the suit was frivolous, vexatious, and unmeritorious and constituted an abuse of judicial process.

The bank denied the claimant statement of claim and urged the court to dismiss the suit in its entirety.

The magistrate threatened me with contempt –Akinwande

M

y first appearance was before a Magistrate Court while I was serving as a youth corps member. The case file was

handed over to me by my senior, who instructed me to go to court and pick a date for commencement of the trial.

I did not have much time to check the case file before the matter was called. So, I never knew what to tell the presiding magistrate, but I was just laughing. He was surprised at my attitude and asked when I was called to Bar. I told him that it is my first time of appearing in court on my own, he stood

down the matter for about 30 minutes so that I could study the case file and proceed with the matter, but when I came up again I still repeated my former habit of laughter, he frowned at me and threatened me with contempt of court, but I told him that my senior colleague instructed me to come and pick a date for trial and that I did not know anything about the matter. He pardoned me, but warned me to change my attitude in court and a new

Aderonke Akinwande

National Mirror www.nationalmirroronline.net

Law & Justice

Monday, May 25, 2015

47

Issues in legal equality, federal character principle Ayokunle Akinpelu

Every society that is

T

seriously interested

he role of the law in ensuring the development of the society cannot be underestimated; law has been described as a binding force by which the society is held together as a single unit which ensures growth and development of the people. Law should therefore respond to the yearnings and aspirations of the people at all times. At the birth of the industrialization era in first world countries, laws were passed to square up with the arising societal and developmental challenges created by industrialization. This definitely has been one of the bait by which first world countries left the third world countries behind to wallow in penury and backwardness. Law as the society is transient, dynamically fundamental to national growth and development; but is law in itself the determinant of national development? NO. Law as a tool for national development cannot be functional until certain principles are religiously upheld and worshipped and to such class belongs “legal equality”. The concept of legal equality has stemmed out from the age long philosophy of liberalism; legal equality advocates that everyone is equal before the law. Anatole France, stated: “in its majestic equality, the law forbids the rich and poor alike to sleep under bridges, beg in the streets, and steal loaves of bread” This principle has received international affirmation in Article 7 of the Universal Dec-

in her development must ensure the entrenchment of her laws in equality and not promote any form of mediocrity in her developmental plans laration of Human Rights (UDHR) which states: “All are equal before the law and are entitled without discrimination to equal protection of law”. Thus, the law should not give regards to anyone on the basis of race, gender, nationality, colour, ethnicity, religion and disability. Legal equality has of necessity involves creation of opportunities for all on merit and not on mediocrity. This principle definitely forms part of the basis for the creation of government as an institution to cater for all citizenry regardless of their place of birth or even economic status. Adherence to this principle should therefore not be compromised by frivolous provisions of the law, law should rather complement legal equality. Law must never be used as a tool to encourage the creation of inequalities in the society; law must promote equality, which

includes but not limited to equal distribution of facilities and amenities, equal access to opportunities and equal treatment of all classes of persons. Law must be entrenched in legal equality, which is in itself is based on merit and not mediocrity. Every society that is seriously interested in her development must ensure the entrenchment of her laws in equality and not promote any form of mediocrity in her developmental plans.

First world countries seem to have long understood this age-long principle of equality and as such entrenched their laws in legal equality; putting away all forms of affirmative actions that tend to slow down their national development.

Affirmative action was in itself designed to promote the attainment of equality of persons who had either been subjugated by other members of the society or had been discriminated against based on extrinsic factors. Affirmative action is the policy of favouring members of a disadvantaged group who had suffered from discrimination within a nation in order to accelerate their integration into the society. This principle has been applied in different countries across the globe, from America to Europe, to Asia and even down to Africa. The United Nations through her Convention on the Elimination of All Forms of Racial Discrimination (CEAFRD) has given regards to this principle, Article 2.2 stipulates: “States parties shall, when the circumstances so warrant, take, in the social, economic, cultural and other fields, special and concrete mea-

sures to ensure the adequate development and protection of certain racial groups or individuals belonging to them, for the purpose of guaranteeing them the full and equal enjoyment of human rights and fundamental freedoms...”. This principle would therefore be laudable when applied in the appropriate context and not based on some frivolous pretext of ethnically discrimination.

The application of this principle should be corrective; hence once the purpose has been achieved it should be expunged from the laws. A recourse to Article 2.2 CEAFRD continues by stating “…these measures shall in no case entail as a consequence, the maintenance of unequal or separate rights for different racial groups after the objectives for which they were taken have been achieved”.

In Nigeria, the principles of affirmative actions can be found in the federal character principle, which has also been enshrined in the constitution. Section 14 (3) Constitution of the Federal Republic of Nigeria, 1999 3rd Alteration states: “The composition of the Government of the Federation or any of its agencies and the conduct of its affairs shall be carried out in such a manner as to reflect the federal character of Nigeria and the need to promote national unity, and also to command national loyalty, thereby ensuring that there shall be no predominance of persons from a few state or from a few ethnic or other sectional groups in that Government or in any of its agencies.”

Akinpelu, a Lawyer writes from Lagos.

CONTINUED NEXT WEEK

EVENTS

L-R: Nigerian Bar Association (NBA), Lagos branch Chairman, Mr. Alex Muoka, State Chief Judge, Justice Olufunmilayo Atilade, and Justice Abdulfattah Lawal of the State High Court in Lagos, recently.

FRONT ROW: Lagos State Chief Judge, Justice Olufunmilayo Atilade (middle) with Nigerian Bar Association (NBA), Lagos branch Chairman, Mr. Alex Muoka (left) and Justice Abdulfattah Lawal of the Lagos State High Court alongside top judicial officers and branch executives/2015 Law Week Committee members during a courtesy visit to the CJ, recently.

Chairman, NBA, Ikeja branch, Mr. Yinka Farounbi and the Attorney-General and Commissioner for Justice, Lagos State, Mr. Ade Ipaye at a dinner in Lagos, recently.

Secretary, NBA, Lagos branch, Mr. Adebola Lema and branch Chairman, Alex Muoka at a dinner.

48

National Mirror www.nationalmirroronline.net

Monday, May 25, 2015

Community Mirror The figure of extreme poverty in our society – 110 million by current estimates makes it clear that our biggest national problem is the extreme poverty of the majority.

Vice President –elect –Prof. Yemi Osinbajo

Ejigbo torture victim narrates ordeal in court MATTHEW IRINOYE

A

prosecution witness, Ajoke Agomo, one of the females accused of stealing pepper and subsequently tortured at the Oba Morufu International Market in Ejigbo area of Lagos, recounted her ordeal before Justice Oluwatoyin Ipaye of the State High Court, Ikeja.

While being led in evidence by

the Lagos State Director of Public Prosecution, Mrs. Idowu Alakija, the witness said she was at home when the 1st defendant (Baba Oloja) came and demanded to know the whereabouts of her daughter.

“I told him that I did not know the whereabouts of my daughter (Nike) and he started searching the house.

“When he sighted her at the gate he gave me a slap. As I rushed to tell my husband, he and another

man named (Tinrin) had dragged my daughter away.

“When we got to the market place they had already stripped my daughter and my step daughter (Julie) naked.

“They then proceeded to strip me naked also, rubbing pepper all over my face and private part,” she said.

Agomo also alleged that the 1st defendant and others mixed the pepper with gin and rubbed it into

their private parts, stirring with a stick.

“Baba Oloja now told my husband to bring N150, 000 to which we said we did not have. We then begged him and he collected N20, 000 from us,” she said.

She added that she was later contacted by Dr. Joe Odumakin who took up her case and took her and her daughters to the National Assembly where they were given money to treat themselves.

She however, pleaded the court to get justice for her and her daughters.

Earlier Justice Ipaye had granted bail to the ten defendants charged in connection with the torture, attempted murder and sodomy of the women.

The defendants include Isiaka Waidi, 61; Saheed Adisa, 29; Lateef Tijani, 37; Ahmed Adisa, 65; Azeez Akinosun, 36; Others are Jimoh Busari, 50;

Adekunle Adenuga, 38; Oloruntoyin Dauda, 46; Buhari Yusuf, 22; and Abdullahi Haruna, 20.

All the counsels to the defendants, in separate applications, urged the court to grant the defendants bail on liberal terms, noting that a lower court had on June 27, 2014 granted some of them bail and they have satisfied their bail condition.

The judge said, “I will be delivering one ruling on all the applications. It is equally settled that all defendants are innocent until proven guilty. Having considered the charge preferred against the defendants, they are hereby granted bail in the sum of N250,000 each, with two sureties in like sum, She added that the sureties must be blood related and must have three years tax clearance.

The matter was however adjourned till July 14, 2015 for continuation of trial.

Buhari tasked on police reform ADESANYA ADELEKE Women selling peppered bush meat at Diko market in Niger State, yesterday.

PHOTO: NAN

Court acquits security guard after 13 years in prison WALE IGBINTADE

A

fter spending 13 years in prison custody, a Lagos High Court has discharged and acquitted a security guard, Abubakar Zibo, charged with the murder of his friend, Charles.

Delivering judgment, Justice Kayode Ogunmekan held that the prosecution failed to prove allegation of conspiracy and murder levelled against him beyond reasonable doubt as required by Section 1 of the Evidence Act, 2011.

The court held that it was trite law that the burden of proof in a criminal case is on the prosecution, adding that where the prosecution failed to prove its case beyond reasonable doubt, the accused must be discharged and acquitted.

Justice Ogunmekan stated that ‘’the standard of proof of

crime is such that it is only when all the essential ingredients of an offence have been satisfactorily proved by the prosecution that same can be said to have been proved beyond reasonable doubt’’.

The prosecution had opened its case on December 2005 and closed same on December, 13, 2012 having called one witness in person of the Investigation Police Office, Inspector Omorodion while the defence lead by the Director, Legal Aid Council, Lagos zone, Mrs. L.Y Salau closed its defence on October 16, 2014 respectively.

Salau had argued that the only Prosecution Witness PW, (Investigation Police Officer) did not take part in the preliminary investigation of the case and that none of those who did testify in court.

She had argued that the testimony of PW was mainly on hearsay and it was in doubt that IPO

visited the scene of the incident.

During trial, the prosecution had told the court that Zibo had on November 12, 2001 murdered one Charles and was said to have made a confessional statement to the police.

According to the prosecution, the deceased and one Umoru (now at large) were gambling and a fight ensued which resulted to physical combat between the accused and the deceased.

However, the prosecution witness admitted that he did not witness the incident hence he had not firsthand information but what he was told by the Police Officers at Satellite Police station who carried out preliminary investigation on the matter.

In his examination-in-chief, the accused had informed the court that on November 2, 2001, his friend Umoru wanted to travel and he pleaded with him to relieve him at his place of work.

N

ational Coordinator of Network on Police Reform in Nigeria, NOPRIN, Okechukwu Nwanguma, have made a passionate plea to the in-coming administration of General Muhammadu Buhari to implement previous reports on Police reforms to better the lot of the Nigeria Police Force.

Addressing journalists in Lagos, Nwanguma frowned at the manner the Nigeria Police were viewed in the eyes of the public, stressing that its leadership of whom much is required from, has not helped the situation.

He is, however, of the opinion that apart from giving the police a face-lift in terms of improving its infrastructures, police welfare and personnel which he says is abysmal state.

Hailing the appointment of Solomon Arase as the new IGP, he said the body is elated that the choice was not a misplaced one, considering the antecedent of the new Police top brass.

He recalled with nostalgia his exploit as Deputy Commissioner of Police, Commissioner, AIG stressing that he remain one

officer who would not condone low level corruption as he once made junior officers under his command, to refund money alleged to have been extorted from members of the public.

“Arase is a rare breed officer who is not only compassionate but has the operational capacity as well as sound professional disposition to take the ill equipped and badly motivated workforce that is prone to bad mannerism to a greater height.

His exploit as he ascends to his present position are worthy of note”, he stated.

In his contribution, the National Coordinator of Initiative for Public Safety Security and Educational Management (IPSSED) Emeka Nwanevu co-host of the interactive session noted that the confirmation of Arase few days ago speaks volume of the importance that those who nominated him for the job have behind their minds and as such he should realize that Nigerians are expecting much from him.

He is of the opinion that the in-coming administration should retain him so that Nigerians will tap into the experience the Police chief has garnered over the years.

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

49

World News

Iraq regains ground from ISIS, mass deaths reported in Palmyra

We say thank you to our liberators. Thank you for enabling us to stand here today in freedom, and we bow our heads in memory of the fallen.

50

–DUTCH PRIME MINISTER, MARK RUTTE

Ethiopia’s ruling party leads poll, opposition says supporters harassed Paul Arhewe

WITH AGENCY REPORTS

E

thiopians voted yesterday in a parliamentary election that is expected to hand a landslide win to the ruling party, which boasts about delivering strong economic growth, while opponents complained that their supporters were harassed.

In power for almost a quarter of a century, the Ethiopian People’s Revolutionary Democratic Front (EPRDF) has overseen the transformation of a nation that was on its knees after communist purges and famine to one that now attracts foreign investors.

But critics say it allows little room for dissent. The outgoing parliament of 547 seats had just one opposition member.

“In so many village areas, our people are being harassed and our representatives are being driven away. They are forced to vote for the EPRDF,” Bekele Nagaa, a member of the biggest opposition coalition Medrek, told Reuters.

The government dismissed

Voters in long queues at a polling station, yesterday.

the charge. It has promised a free and fair vote.

“They (the opposition) have been campaigning freely,” Prime Minister Hailemariam Desalegn told Reuters as he cast his vote in his Gununo constituency, about 330 km (200 miles) west of Addis Ababa. “There has not been any repression.”

Experts do not expect a major shift in opposition fortunes in

this vote, the first since Prime Minister Hailemariam Desalegn took over from Meles Zenawi, the rebel-turned statesman who died in 2012.

“I will give my vote to the ruling party because I do not have faith in the opposition parties’ ability to govern,” said graphic designer Yohannes Seife, 24.

Ethiopia’s economy has been one of the fastest growing in Af-

rica. The World Bank forecasts growth of 10.5 percent in the year starting in July. But some say it is time for new leaders.

“I’m sick of the ruling party.

We are a young country and young people and we need change,” said a 28-year-old who asked that his name not be published for fear of government reprisals. He said he would vote for the opposition Blue party.

Somali lawmaker killed in Mogadishu attack

A

Somali member of parliament has been shot dead in Mogadishu in an attack by suspected Islamist militants.

Security officials said that Yusuf Dirir was killed when gunmen opened fire on his car.

Three workers from the Transport Ministry also died in a separate drive-by shooting on Saturday.

The attacks in the capital city came as a number of people were killed in clashes between al-Shabaab gunmen and government troops in southern Somalia.

Police said that Mr Dirir had been killed when gunmen in a minibus blocked his route and sprayed the car with bullets.

“He was a man that has long served his country and wanted to see a united Somalia,” said speaker of parliament Mohamed

Osman Jawari.

Local media said that another MP had also been wounded in the incident and was in hospital.

There was no immediate claim of responsibility but the killings are the latest in a string of assassinations of politicians in the war-torn country.

Al-Shabaab, which is affiliated to al-Qaeda, has waged a series of attacks to try to overthrow the government Islamist militants from the al-Shabaab movement shot dead Abdullahi Qayad Barre near the presidential palace in February by opening fire on his car.

At least five MPs were murdered last year and the group has said that it will continue to target MPs. In another development, alShabaab clashed with government troops early on Saturday in

WORLD BULLETIN

UN, EU urge dialogue in Burundi after politician’s killing The United Nations and the European Union urged Burundi’s government and its opponents not to let violence derail U.N.-sponsored dialogue, after an opposition politician was shot dead and opponents said they were walking away from talks.

U.N. Secretary-General Ban Ki-moon condemned the killing by unidentified gunmen on Saturday of Zedi Feruzi, the head of the UPD party, who opposed President Pierre Nkurunziza’s bid for a third term.

The EU, the biggest donor to aid-reliant Burundi, echoed the condemnation and urged “all parties to engage in good faith in political dialogue,” spokeswoman Maja Kocijancic said.

President Nkurunziza’s decision to run for another five years in office has triggered the worst crisis in the small African country since the end of an ethnically charged civil war in 2005.

Tripoli demands help to halt Europe-bound migrants Europe cannot halt the deadly traffic of African migrants across the Mediterranean unless it ends a boycott of forces that have seized power in the Libyan capital and helps authorities there cope, the de facto government in Tripoli said.

Chaos and civil war since NATO warplanes helped topple dictator Muammar Gaddafi in 2011 have turned the North African country into the launching point for human traffickers smuggling tens of thousands of people across the Mediterranean.

Mass graves of suspected trafficking victims found in Malaysia

Al-Shabaab militants

Awdigle district and Mubarak village, south of Mogadishu.

At least 17 people have reportedly been killed but the death toll has not been confirmed.

“We did not sleep last night because they exchanged shells and

gunfire throughout the night,” resident Afrah Hussein told Reuters news agency.

Al-Shabaab, which is affiliated to al-Qaeda, was pushed out of Somalia’s capital by African peacekeeping forces in 2011.

Mass graves and suspected human-trafficking detention camps have been discovered by Malaysian police in towns and villages bordering Thailand, the country’s home minister said yesterday.

Home Minister Ahmad Zahid Hamidi said officials are determining whether the graves were of human-trafficking victims, but did not say how many dead bodies were discovered.

“This is still under investigation,” he told reporters on the sidelines of an event in Kuala Lumpur.

According to media reports, the mass graves were believed to contain the bodies of hundreds of migrants from Myanmar and Bangladesh.

50

World News

WORLD BULLETIN Italian coast guard rescues 70 migrants from crowded boat Seventy Afghan and Iraqi migrants were rescued from a packed boat off the southeastern coast of Italy and brought to shore on Sunday, Italy’s coast guard said.

Italy closed down a specialized naval mission to rescue migrants in the Mediterranean last year, but continues to bear the brunt of the rescues as the European Union and member states conduct talks on how to deal with the influx.

Two Italian coast guard cutters brought the group to the port of Santa Maria di Leuca in Puglia.

There were two women and four minors on board, the coast guard said in a statement.

Refugees escaping war and persecution and economic migrants from Africa and the Middle East have poured into Italy this year. Lawlessness in Libya gives traffickers a free hand to pack people into boats.

Romero was killed out of hatred for his faith –Pope Pope Francis urged pilgrims filling St. Peter’s Square on Pentecost yesterday to take “the heroic examples” of a slain El Salvadoran bishop and an Italian nun who worked in Kenya who were beatified this weekend.

Francis stressed that Archbishop Oscar Romero of El Salvador was killed out of hatred of his faith, saying “he chose to be among his people, especially the poor and the oppressed, even at the price of his life.” Romero was assassinated as he celebrated Mass in 1980.

The pope said Irene Sefani served the people of Kenya with “joy, mercy and tender passion.”

Beatification is the first step toward sainthood.

Renowned US mathematician killed in crash US mathematician John Nash, who inspired the Oscar-winning film A Beautiful Mind, has died in a car crash with his wife, police have said.

Nash, 86, and his 82-year-old wife Alicia were killed when their taxi crashed in New Jersey, they said.

The mathematician is renowned for his work in game theory, winning the Nobel Prize for Economics in 1994.

His breakthroughs in maths - and his struggles with schizophrenia - were the focus of the 2001 film.

Russell Crowe, who played him, tweeted: “Stunned... My heart goes out to John & Alicia & family. An amazing partnership.

Beautiful minds, beautiful hearts.”

The film’s director, Ron Howard, also tweeted his tribute to the “brilliant” John Nash and his “remarkable” wife.

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

Iraq regains ground from ISIS, mass deaths reported in Palmyra

I

raqi forces recaptured territory from advancing Islamic State militants near the recently-fallen city of Ramadi yesterday, while in Syria the government said the Islamists had killed hundreds of people since capturing the town of Palmyra.

The fall of Ramadi and Palmyra, on opposite ends of the vast territory controlled by Islamic State fighters, were the militant group’s biggest successes since a U.S.-led coalition launched an air war to stop them last year.

The near simultaneous victories against the Iraqi and Syrian armies have forced Washington to examine its strategy, which involves bombing from the air but leaving fighting on the ground to local forces in both countries.

In a sharp criticism of Washington’s ally, U.S. Defense Secretary Ashton Carter accused Iraq’s army of abandoning Ramadi, a provincial capital west of Baghdad, to a much smaller enemy force.

“The Iraqi forces just showed no will to fight,” he told CNN’s State of the Union program.

“They vastly outnumbered the opposing force, and yet they withdrew from the site.”

Iraq’s government, along with Iran-backed Shi’ite militiamen

An Islamic State fighter aims his weapon during a battle against Syrian government forces

and locally-recruited Sunni tribal fighters, launched a counter-offensive on Saturday, a week after losing Ramadi. A police major and a pro-government Sunni tribal fighter in the area said they had retaken the town of Husaiba alSharqiya, about 10 km (6 miles) east of Ramadi.

“Today we regained control over Husaiba and are laying plans

to make more advances to push back Daesh fighters further,” said local tribal leader Amir al-Fahdawi, using an Arabic acronym for Islamic State, also known in English as ISIS or ISIL. “The morale of the (pro-government) fighters is high after the arrival of reinforcements and loads of ammunition,” Fahdawi said. “Today’s advance will speed

up the clock for a major advance to regain control of Ramadi.”

Planes were bombing Islamic State positions on the opposite bank of the Euphrates river, where the militants were launching mortars and sniper fire to prevent the pro-government forces advancing, Fahdawi and the police major said.

Saudi forces, Yemeni militants in heavy border fight

S

audi forces and Yemen’s Houthi militia traded heavy artillery fire which destroyed part of the main border crossing between the two countries overnight, residents said yesterday, an escalation of the two-month war.

The Haradh border crossing, the largest for people and goods between the world’s top oil exporter, Saudi Arabia, and its impoverished neighbour, was evacuated amid shelling which razed its departure lounge and passport section, witnesses said.

Residents of several Yemeni villages in the area left their homes and fled from the frontier, which has turned into a front line between the kingdom and the Iran-allied rebels.

Arab air raids hit military bases and weapons stores in the capital Sanaa and local officials said a mid-level Houthi commander, Abu Bassam al-Kibsi, was killed in an air strike in the central province of Raymah.

Saudi Arabia has led an Arab coalition bombing the Houthis and backing southern Yemeni fighters opposing the group and loyal to the exiled government in Saudi Arabia headed by Presi-

Houthi rebels transport part of a Saudi fighter jet found in Bani Harith district north of Yemen’s capital Sanaa, yesterday.

dent Abd-Rabbu Mansour Hadi.

The Sunni Muslim states believe the Shi’ite Houthis are a proxy for influence by their arch rival Iran, but their campaign has yet to reverse the rebels’ battlefield gains.

Local fighters combating the Houthis in Yemen’s south reported Saudi-led air strikes on a major air base controlled by the

group in Lahj province and say they killed eight Houthi fighters in an ambush in Dalea province on Sunday.

Residents in the central city of Taiz said Houthi forces and pro-Hadi fighters fired tank and artillery shells at each other throughout the city overnight, killing five civilians.

The Houthis seized control

of a military base on a strategic mountaintop in the centre of the city, eyewitnesses said.

A United Nations-backed peace conference set for May 28 in Geneva remains in doubt, as Hadi’s exiled government in Saudi Arabia has expressed reluctance to attend before the Houthis recognize their authority and quit Yemen’s main cities.

National Mirror www.nationalmirroronline.net

North

Monday, May 25, 2015

51

Ebola: Nigeria can contain any epidemic —AU Marcus Fatunmole ABUJA

A

frican Union (AU) has expressed confidence in Nigeria’s ability to contain any epidemic, wherever it occurs.

Coordinator of AU’s response to Ebola in West Africa and Director, Department of Social Affairs of the AU Commission, Ambassador Olawale Maiyegun, stated this yesterday in Abuja when he led a team of 250 Nigerian volunteers, who helped fight the Ebola virus disease in Liberia and Sierra Leone back to the country.

The contingent was part of health professionals and other citizens who offered

to help the English-speaking countries which had recorded high casualties from Ebola to combat the disease.

Maiyegun said of the volunteers: “I took them all away from Lagos on December 5, 2014, and I am bringing them back today in one phase. I want to thank them for following our protocol.

No contamination; they are assets to Nigeria and Africa. Should we have another epidemic today; Nigeria has a strong army of health workers that can confront it.”

The elated volunteers, who arrived the Nnamdi Azikiwe International Airport in the nation’s capital at 2:30am yesterday, were

received by Federal Government delegation, led by the Minister of Health, Dr. Khaliru Alhassan. He was represented by the Permanent Secretary in the ministry, Mr. Linus Awute.

AU, through its AU Support to Ebola Outbreak in West Africa, ASEOWA, sponsored the aid givers for the six-month assignment.

However, they will be quarantined in Nigeria, despite having undergone a similar exercise before returning to the country. They had met all requirements to be certified free from the vi-

rus by the WHO in their host countries, the Federal Government said.

Addressing National Mirror on arrival at the airport terminal, Dr. Joshua Obasanya, who spoke on behalf of the team, said the volunteers were delighted to have rendered such an aid to the Africa nations.

He said none of the volunteers was infected by the virus nor died for whatever reason in the countries.

In his remark, Alhassan thanked the team for its devotion, discipline and pro-

fessionalism. His words: “I want to say well done to this great Nigerian team, which through patriotic devotion, left this country well-determined, with a very strong discipline and is back today with a very great success, a success that has been acknowledged the world over - that a disease that came in to threaten a sub-region has been suppressed. We were able to do this through the collective undertaking of the entire population that make up Nigeria, because while you were there,

everybody prayed and wished you well.”

Meanwhile, some of the volunteer who spoke with our correspondent said though they were not paid for the service, all allowances promised them by the AU had been paid.

President Goodluck Jonathan was expected to meet with the volunteers yesterday; but there was a change in the time of the meeting. He has not met with the volunteers who were lodged in various hotels in Abuja as at the time of filing this report.

Police to ensure successful inauguration in Niger Priscilla Dennis MINNA

N

iger State Police Command has put in place measures to ensure a successful inauguration of the state’s Governor-elect, Alhaji Abubakar Sani Bello, on Friday in Minna, the state capital.

Against this back-drop, no fewer than 7,000 personnel would be drafted to strategic areas around

Ise-Oluwa Ige

H

ouse of Representatives member-elect, Mr. Christian Abah, representing Ado/Okpokwu/Ogbadibo Federal Constituency of Benue State, whose election was nullified last week by a Federal High Court in Abuja has requested the Court of Appeal to set aside the verdict.

He is contending that the judgment of the high court was a nullity because it was delivered without jurisdiction.

He specifically argued that the trial judge, Justice Adeniyi Ademola, was aware that an appeal on the suit was pending before the Supreme Court when he went ahead to determine the suit.

He said apart from the appeal pending before the Supreme Court, there was an application for stay of proceeding pending before

venue of the ceremony to ensure adequate security.

The state’s Commissioner of Police, Mr. Olusola Amore, stated this in Minna, and also called on people of the state to be law-abiding and support the police in protecting lives and properties.

Amore, however, singled out the media for commendation over the role it played in the state before, during and after the 2015 general elections.

Assistant Director, Planning, National Emergency Management Agency (NEMA), Mrs. Fatima Kasim (left); Director, Search and Rescue, Air Commodore Charles Otegbade (3rd left) with representatives of local governments in Maiduguri filling assessment forms during NEMA assessment team’s visit to Maiduguri, yesterday.

PHOTO: NAN

Disqualified House of Reps-elect fights back …asks Appeal Court to set aside judgment

the trial judge.

His lead counsel, Mr. Sunday Ameh (SAN) said: “When the trial court heard the substantive matter on April 24, 2015 and reserved judgment for an unspecified date, it was no longer having jurisdiction in view of the appeal that has been entered in the Supreme Court and the pending motion for stay of proceedings.”

He also faulted the refusal of the trial judge to convert the originating summons with which the plaintiff filed the case into a writ of summons.

He said: “This suit is for a declaration that the appellant committed an act of fraud, which cannot be entertained by way of originating summons.

“The manner in which

the suit before the lower court was commenced was grossly incompetent and the lower court lacked jurisdiction to entertain it.”

Ameh further faulted the trial judge saying that there was no evidence before the lower court to support the finding that the appellant committed fraud and perjury.

He added that the documents relied upon by the court were fatally discredited by separate documents submitted by the appellant.

He also asked the appeal court to set aside the judgment on the ground that it was against the weight of evidence.

He asked the court of appeal to remit the case back to the Federal High Court for fresh trial by another judge.

Last week, Justice Ademola ordered the Independent National Electoral Commission, INEC, to nullify the certificate of return issued to Aba as he held that the allegation of certificate forgery levelled against him by the plaintiff, Mr. Hassan Saleh, was proved.

Abah was said to have forged an Ordinary National Diploma certificate in Accountancy purportedly obtained from the Federal Polytechnic, Mubi, in 1985.

Justice Ademola said his findings revealed that an earlier judgment of the National/State Assembly Election Petition Tribunal sitting in Makurdi delivered on September 6, 2011, and a letter by the registrar of the polytechnic, Mr. Su-

leiman Buba, affirmed that the certificate presented by Abah to INEC was forged.

The court ordered the Inspector-General of Police, Mr. Solomon Arase, to immediately commence prosecution of Abah for forgery and perjury.

Abah, who was the Peoples Democratic Party, PDP’s candidate for the constituency was unopposed and had been declared elected by INEC, being the only candidate presented for the March 28, 2015 election.

The court also declared all the votes that accrued to him in the PDP’s primary held on December 6, 2014, as wasted while declaring Saleh, who came second as winner of the primary.

He ordered INEC to issue a fresh certificate of

return to Saleh.

The court also ordered the incoming Speaker of the 8th National Assembly to swear in Saleh as the member representing Ado/Okpokwu/Ogbadibo Federal Constituency.

The court also berated the conduct of the counsel for the PDP and Abah in the suit, Mr. Sunday Ameh (SAN) for his frivolous applications and tactics to delay the hearing of the case.

Justice Ademola therefore ordered that the processes filed in the suit and his judgment be served on the Nigeria Bar Association, the Legal Practitioners Disciplinary Committee and the Legal Practitioners Privileges Committee with a view to taking appropriate actions against Ameh.

52

News

Monday, May 25, 2015

Sambisa: Only six women returned pregnant –NEMA ...warns against stigmatising rescued women, children ational Emergency Management Agency, NEMA, at the weekend, confirmed that only six women rescued from Sambisa forest, Borno State, returned with pregnancy, even as it warned against stigmatising the rescued women and children.

Director General of the agency, Muhammad Sani-Sidi, who made the disclosure, also gave the warning at an interactive media platform hosted by PRNigeria.

This is coming as the Federal Government assigned therapeutic experts to treat post Traumatic Stress Disorder, PTSD, in

victims of terrorism.

Government has initiated assessment and treatment of prolonged PTSD to control the physiological symptoms, which can enable the patient to tolerate and work through the highly emotional material in psychotherapy.

Sani-Sidi who commended the military in their combat against terrorism further disclosed that out of about 300 victims of Boko Haram rescued from the forest, majority of them were children.

“Out of the 275, sixty three came unaccompanied and that is very worrisome, it is a terrible situation to have children under the age of five unaccompanied, meaning they have lost their par-

CONFIRMATION OF NAME This is to confirm that Chief (Mrs.) Felicia Erogbo is the same person as Felicia Uduefebraye as formerly referred to. All documents bearing either name remain valid. The general public should please take note.

I formerly known and addressed as Loveth Dada, now wish to be known and addressed as Loveth Umukoro. All former documents remain valid. The general public should please take note.

Ubong Ukpong ABUJA

N

CHANGE OF NAME

Formerly known and addressed as Shonaya Oluwayemisi Abosede, now wish to be known and addressed as Omolaja Oluwayemisi Abosede. All former documents remain valid.

General public take note.

CHANGE OF NAME

Formerly known and addressed as Caroline Tari Suowari, now wish to be known and addressed as Wenghimokinren Caroline Tari Johnson. All former documents remain valid. General public take note.

CONFIRMATION OF NAME

This is to confirm that Olarinde Ademola Ayobam is the same one person as Olarinde Ademola Ayobami, that henceforth wish to be known and addressed as Olarinde Ademola Ayobami. 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. Adebayo Fatimo Abiodun now wish to be known and addressed as Mrs. Olabimtan Fatimo Abiodun. All Former documents remain valid.

General public please note.

CHANGE OF NAME

CHANGE OF NAME

Formerly known and addressed as Morakinyo Kudirat Biola, now wish to be known and addressed as AdamsonOrelope Kudirat Biola. All former documents remain valid. General public take note.

CHANGE OF NAME

ents and we cannot link them with their parent at the moment, six of them came with pregnancy and that is a sympathetic situation,” he stated. “ I must put it on record that only six of them came with pregnancy and we must add however, that we must be very careful not to stigmatise this innocent Nigerians who were under captivity and came back with pregnancy so that we don’t end up stigmatising the child that is yet unborn. I think we must respect their rights and be careful by the way we talk about the issue and we should respect their rights”, he said The NEMA boss explained that the success recorded by the military CHANGE OF NAME

Formerly known and addressed as Miss Temitope Omobolanle Lasisi, now to be known and addressed as Mrs. Temitope Omobolanle Ogundiran. All former documents remained valid.

LOSS OF DOCUMENT

The general public is hereby informed of the loss of original letter of land allocation of Plot 3A Block No. 1X Federal Low Cost Housing Estate Trans-Ekulu Enugu, belonging to Ezeugo Uwakwe which was transferred to Godwin Ekigwe. If found please contact Barr. S. O. Nnamani or call: 08035618261

CHANGE OF NAME

against Boko Haram has led to a drastic reduction in the number of internally displaced persons.

He cited the instance of Adamawa State where six camps are presently hosting about 27,000 IDPs in Yola, compared to about fourteen camps at the beginning of last year in the state alone” Insisting that humanitarian work cannot be handled only by government especially where terrorist activities were the cause, Sani-Sidi disclosed that his agency had enjoyed tremendous support from the Borno, Adamawa, Yobe and Gombe state governments, where IDP camps are located in the north eastern part of the country.

LOSS OF DOCUMENT

This is to inform the general public of Loss of Original Deed of Conveyance documents Reg.as 6/6/935 ,the land situates along Odenigbo Road Nsukka, the Land belongs to Mrs. Mbaezu Esther of 20 Igboeze Street Independence layout Enugu .If found contact the Ministry of Lands and Urban Development Enugu.

CHANGE OF NAME

OKONKWO: I, formerly known and addressed as Okonkwo Amaechi Francis, now wish to be known and addressed as Okeke Amaechi Francis. All former documents remain valid. General public take note.

LOSS OF DOCUMENT

National Mirror www.nationalmirroronline.net

One killed in Ibadan OPC factional clash Kemi Olaitan IBADAN

T

he crisis rocking Oyo State chapter of the Odua Peoples Congress, OPC, Oyo State chapter, took a new twist yesterday evening with the death of one of its members, Dauda, fondly called ‘Eranla’ in Apete, Ibadan.

National Mirror learnt that some members of the group from Bere, also in Ibadan, launched an attack on their Apete counterparts, as the Apete group headed by one ‘Bendel’, which the Bere group claimed were no longer registered members of OPC in the state.

It was gathered that the Bere faction claimed that the Apete group had ceased to be known as members of OPC, but the group continued to operate under their umbrella.

Sources informed that the Bere group believed that their colleagues from Apete had endlessly tarnished their image, de-

CHANGE OF NAME

I formerly known and addressed as Miss Ruth Ene Ogbole, now wish to be known addressed as Mrs. Ruth Ene Alechenu. All former documents remain valid.

NYSC and General public note

CHANGE OF NAME

Formerly known and addressed as Miss Femi-Olatunji Violet Omolabake, now wish to be known and addressed as Mrs Olatunji Violet Omolabake. All former documents remain valid.

General public take note.

Formerly known and addressed as Miss Tiamiyu Ganiyat Arinola, now wish to be known and addressed as Mrs Ajayi Ganiyat Arinola. All former documents remain valid.NYSC and General public take note.

The public is hereby notified that the C of O (no 0034986) of the Property of Mr Akuetaire Omonfuma Christopher was Lost. all efforts to find was Futile. The report has been made to Appropriate Autherities.

Bereau of Lands and Survey,Ogun State please note.

EDEH: I, formerly known and addressed as Miss Edeh Amarachukwu Jennifer, now wish to be known and addressed as Mrs. Chigekwu Amarachukwu Jennifer.

All former documents remain valid.

General public take note.

CONFIRMATION OF NAME

CONFIRMATION OF NAME This is to confirm that Waheed Rofiyat O. is the same one person as Waheed Rofiyat Olabisi, that henceforth wish to be known and addressed as Waheed Rofiyat Olabisi. All former documents remain valid. General public should please take note.

CONFIRMATION OF NAME This is to confirm that Adu Paul is the same one person as Adu Paul Segun, that henceforth wish to be called and addressed as Adu Paul Segun. All former documents remain valid. Osun State Polytechnic, Iree and general public should please take note.

Formerly known and addressed as Miss Kehinde Folasade, now wish to be known and addressed as Mrs Soyemi Florence Folasade.All former documents remain valid.General public take note.

This is to confirm that Omodogbe S. Igbekele is the same one person as Omodogbe Igbekele, that henceforth wish to be addressed and called as Omodogbe Igbekele. 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 Jecinta Chinasa Eligwe, now wish to be known and addressed as Mrs Jecinta Chinasa Osuala. All former documents remain valid. General public take note.

PUBLIC NOTICE PA-MUSA ADEOGUN BASHORUN FAMILY WELFARISM FOUNDATION

The general public is hereby notified that the above named foundation has applied for registration to the Corporate Affairs Commission (C.A.C) under part ‘C’ of the Companies and Allied Matters Act,2004.

THE TRUSTEES ARE: 1. Abdulsalam Olayinka Sulaimon 2. Falana Babatunde Tajudeen 3. Alao Muriziq Abiodun

AIMS AND OBJECTIVES ARE: 1. Bashorun family welfarism.

2. Social responsibility to the community.

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 of this publication.

SIGNED: TRUSTEES

CHANGE OF NAME

I formerly known and addressed as Isaac Amaka Blessing now wish to be called and addressed as Iwuoha Amaka Blessing. All former documents remain valid.

The general public should please take note.

CHANGE OF NAME

JUBRIL: Formerly known and addressed As Miss Blessing Owowumi Jubril, now wish to be known and addressed as Mrs. Blessing Owowumi Adeleye. All former documents remain valid.

General public take note.

PUBLIC NOTICE EDUCATION TREASURE FOUNDATION The public is hereby notified that the above named Foundation has applied for registration to Corporate Affairs Commission under Part C of Companies and Allied Matters Act of 1990 THE TRUSTEES ARE: 1.Chief Stanley Ukachukwu Offonry 2. Dr Ikechi Mgbeke 3 Chief Livinus Ogbumba Chukwuma Mazi.

4 Mr Obioma Udeogu 5 Mr Chinedum Nnuforole 6.Mr Joseph Uzodinma Ogbanu

AIMS AND OBJECTIVES ARE:

1 Acquisition of well researched knowledge based education activities training manuals.

2.Private research on education and related activities.

3.Publication of well researched materials ,books ,booklets ,and magazines.

4.Training of students and contestants through quizzes,puzzles,seminars and conferences 5. Provision of Training Infrastructure.

Any objection to the said registration should be forwarded to the Registrar – General Corporate Affairs Commission Abuja within 28 days of this publication.

SIGNED: JOSEPH UZODINMA OGBANU - SECRETARY ( BOT )

CHANGE OF NAME

CHANGE OF NAME

OGBUNAFOR : Formerly known as Miss Catherine Chizoba Ogbunafor, now wish to be known and addreseds as Mrs Augusta Oluchukwu Nwankwo. All former documents remain valid. General Public take note.

CHANGE OF NAME

EKUNDAYO: Formerly known and addressed as Ekundayo Oyinkansola Omotolani, now wish to be known and addressed as Okegbemi Oyinkansola Omotolani.

All former documents remain valid.

General public take note.

CHANGE OF NAME

Formerly known and addressed as Adeniji Rukayat Abisola, now wish to be known and addressed as Oke Rukayat Abisola. All former documents remain valid.

General public should please take note.

CHANGE OF NAME

Formerly known and addressed as Miss Shobowale Sholabomi Oluwakemi, now wish to be known and addressed as Mrs. Gbadebo Sholabomi Oluwakemi. All former documents remain valid. General public should please take note.

spite not being functional members. Consequently, after several appeals, they stormed Apete yesterday afternoon to flush them out,it was learnt.

During the attack, the Bendel’s group leader was said to have been seriously injured with machete cut.

However, a member of the group, Dauda, was unlucky as he got killed during the fight.

The remains of Dauda, sources said, had being taken away by men of the Oyo State Police Command while Armoured Personnel Carriers, APC, were immediately stationed to return sanity to the area.

When contacted, the state Police Public Relations Officer, Adekunle Ajisebutu, said the police command have provided adequate security in the area, saying; “we’ve provided adequate security in the area. Our men are already on ground to forestall any further outbreak of law and order.”

CHANGE OF NAME

NWEKE: I, formerly known and addressed as Miss Nweke Vivian Chika, now wish to be known and addressed as Mrs. Chikelu Vivian Chika. All former documents remain valid. General public take note.

CHANGE OF NAME

MADUFOR: I, formerly known and addressed as Miss Madufor Kaosisochukwu Ruth, now wish to be known and addressed as Mrs. Udogu Kaosisochukwu Ruth. All former documents remain valid.

General public take note.

CHANGE OF NAME

Formerly known and addressed as Miss Oluwakemi Omosola Ogunnaike now wish to be known and addressed as Mrs Oluwakemi Omosola Ndola.

All former documents remain valid.Citizenship and Leadership Training Centre and General public take note.

CHANGE OF NAME

DIKE : Formerly known and addressed as Dike Nkemdilim Evelyn, now wish to be known and addressed as Akhigbe Nkemdilim Evelyn. All former documents remain valid.

General Public take note.

CHANGE OF NAME

Formerly known and addressed as Ejighionwu Ugo Uko, now wish to be known and addressed as Ugbaja Ugo Grace. All former documents remain valid.

General public should please take note.

CHANGE OF NAME

Formerly known and addressed as Anyanwu Happiness Chineme, now wish to be known and addressed as Anugwom Happiness Chineme.

All former documents remain valid.

Immigration and general public should please take note.

CHANGE OF NAME

Formerly known and addressed as Miss Adebayo Adebukola Feyisayo, now wish to be known and addressed as Mrs. Odusanya Adebukola Feyisayo. All former documents remain valid. General public should please take note.

Monday, May 25, 2015

I am perfectly satisfied with my decision to try a new challenge in Qatar. I really can’t wait to feel it

Organisers ready to host the world

S

1

West Brom

Villa

0

1

Burnley

Chelsea

3

1

Sunderland

Palace

1

0

Swansea

Everton

0

1

Tottenham

Leicester

5

1

QPR

Man City

2

0

Southampton

Newcastle 2

0

West Ham

Stoke

1

Liverpool

6

Sport

Aluko goes down with Hull City

uper Eagles midfield er, Sone Aluko, failed to fly yesterday with Hull City as the side got relegated fro m the English Premier League after dr awing goalless with Ma nchester United on the last day.

Needing a win to eve n give itself a sniff of survival, Hull’s result was insignifican t as Newcastle United be at West Ham 2-0 at St James’ Park.

Hull will join Burnley and Queens Park Rang ers in the Championship next season.

David de Gea was mi ssing from the Manc hester United squad nursing a hamstring injury, which presen ted Va ldes with his first start for the club.

The former Barcelon a keeper looked a bit rusty in the early sta es and nearly presen gted Hull with the open ing goal on 18 minutes when he fumbled a rou tine cross in the six ya rd box. McShane was on hand to turn the ba ll home but he was cor rec tly given offside and the goal was chalked off.

EPL results 4

53

55

–BARCELONA MIDFIELDER, XAVI HERNANDEZ

Arsenal

National Mirror www.nationalmirroronline.net

AFCON qualifier:

Keshi calls Enyeama, 14 others for Chad C

oach Stephen Keshi has invited goalkeeper and captain Vincent Enyeama and 14 other overseas-based professionals for next month’s 2017 Africa Cup of Nations qualifying match against Chad in Kaduna.

The three-time FIFA World Cup star is joined by defenders Godfrey Oboabona and Kenneth Omeruo, midfielders Ogenyi Onazi and Babatunde Michael and forward Ahmed Musa who featured at last year’s FIFA World Cup finals in Brazil.

Right back Leon Balogun,

Israel-based John Ogu, former Switzerland junior international Steven Ukoh, China-based Aaron Samuel and Odion Ighalo, whose 20 league goals helped Championship side Watford FC to the English Premiership, have also been called, alongside former junior international Rabiu Ibrahim.

New faces William TroostEkong, a defender based in The Netherlands, Kingsley Madu of AS Trencin in Slovakia and Portugalbased Anderson Esiti complete the list.

Full list Vincent Enyeama Godfrey Oboabona Kenneth Omeruo Leon Balogun William Troost-Ekong Kingsley Madu Ogenyi Onazi John Ogu Babatunde Michael Rabiu Ibrahim Anderson Esiti Steven Ukoh Ahmed Musa Aaron Samuel Odion Ighalo

Ifidzhen, Otu rule CBN Tennis Paul Erewuba

T

he 37th Central Bank of Nigeria (CBN) Tennis Open Men and Women’s Championship ended yesterday at the National Stadium, Lagos with Melissa Ifidzhen and Thomas Otu winning the Women’s and Men’s singles titles respectively.

Otu came from one game down to beat Michael Moses 3-6, 6-3, 6-4 while unseeded Russianborn player Ifidzhen outclassed the women’s defending champion and tournament top seed Christy Agugbom in to straight sets of 6-2, 6-4.

The pair of Albert

Bikom and Sunday Maku emerged champions in the men’s doubles event when they defeated Michael Moses and Christian Paul 6-2, 4-6, 17-15, while Ifidzhe paired Sarah Adegoke to beat Aminat Quadri and Aanu Aiyegbusi 6-3, 6-1 in the women’s event.

Number one seed Alex Adewale also defeated Jelili Ishola 6-0, 63 to emerge winner in the wheelchair men’s category while top seed Remi Basanya beat Foluke Shittu 5-7, 6-7, 6-1 in the women’s category.

CBN Director of Corporate Communications, Ibrahim Mu’azu, said the sponsor was delighted with the playing and would improve on its effort subsequently.

Sports

54

Monday, May 25, 2015

National Mirror www.nationalmirroronline.net

B’ball:

Usman powers Savannah to All Star victory Paul Erewuba

T

he 2014 All Star Most Valuable Player and Kano Pillars’ guard, Abubakar Usman, over the weekend led Savannah Conference team to win the 2015 NBBF/DStv All Star Game at the Indoor Hall of the National Stadium, Lagos.

Savannah Conference led Atlantic Conference and dominated in the four quarters of the encounter by out-dunking their opponent 10266.

Action at the 2015 NBBF/DStv All Star Game at the Indoor Hall of the National Stadium, Lagos at the weekend

Jamiu, Bello shine at NNPC-NAPIMS Open

A

two-day NNPC-NAPIMS Open Table Tennis Championship ended at the weekend in Lagos with Afeez Jamiu and Fatimo Bello winning the Men and Women’s singles titles respectively.

Jamiu defeated Azeez Sholanke 4-2 in the finals played at the Molade Okoya-Thomas Indoor Sports Hall of Teslim Balogun Stadium, Surulere Lagos while Bello defeated Abosede Odusanya 4-2.

Both winners got N100, 000 each in the competition organised by the Architect Femi Sokoya-led Lagos State Table Tennis Association, as Sholanke and Odusanya received also received N75, 000 each, while joint third place winners in the men’s singles, Ayo Omoafar and Rilwan Akanbi and their counterparts in the women’s singles, Aminat Fashola and Atinuke Olaide, got N50,000 each.

“We resolved to use the competition to keep our players busy while maintaining Lagos as the home of table tennis in Nigeria,” Sokoya said.

“We will also strive to discover more talent ahead of the next National Sports Festival,” the chairman added.

The competition was sponsored by National Petroleum Investment Management Services (NAPIMS), a subsidiary of Nigerian National Petroleum Corporation (NNPC).

Lagos’ DOS, Tandoh

NNL: Kogi boss counts draw gain Afolabi Gambari

C

hairman of Kogi United Football Club of Lokoja, Mr. Abdul Sule, has described the goalless Nigeria National League Week 2 encounter between his side and Supreme Court FC of Abuja in the Federal Capital at the weekend will motivate United to gain promotion to the elite Nigeria Premier League next season.

The Wada Boys had

drawn their Week 1 game at home against Spo tlight FC of Katsina and now have 2 points as they host Yobe Desert Stars in Lokoja on May 30.

“I am satisfied with the players’ display and I think they will go places if they can sustain the performance,” Sule, who is a former Super Eagles’ defender, said yesterday, adding, “On our part, the management will continue to support the team.

Coach of Kogi United, Yomi Elijah, believes his

NBBF donates to kids Paul Erewuba

T

he Nigeria Basketball Federation (NBBF) over the weekend through its Community Outreach Programme, donated food and other materials to a Motherless Baby Home, Hearts of Gold Children’s Hospice, a palliative and respite home for abandoned children with mental and physical disability, Autism, Hydrocephalus, Cerebral Palsy, Down

“It feels so good that the Savannah Conference won this year’s All Star event, having won it also last year, Usman, who hailed the sponsor’s effort, told National Mirror, said.

“I must say that Nigeria basketball league has improved so much, especially in the past three years.

Basketball in Nigeria was dominated by the Atlantic Conference giving the impression that others were lagging behind,” he added.

The Slam Dunk and 3 points shootout challenge was won by Mark Mentors’ Timothy Kwaor.

syndrome and Dylesxia.

The Outreach involves reaching out to kids and the less privileged in the society, a tradition of the NBBF which was introduced last season on a day before the All Stars game is played.

President of federation, Tijani Umar, described the gesture as a social responsibility while presenting the gifts Founder of the Home, Mrs. Laja Adedoyin.

“We feel that there is

much more to be done in the lives of less privileged children and we urge every Nigerian to care for them,” Umar said.

Adedoyin, who thanked the NBBF for bringing succor to the children, said: “These children are brought here with divergent problems. But the most important thing is that they have a home to sleep in.

“We need individual and government assistance to keep them alive.”

players have regained their confidence after the home draw, saying the promotion target is still intact.

“It’s unfortunate we failed to put away the few chances we created against Supreme Court but I think the lapses noticed would be corrected before we meet Desert Stars on Saturday,” the gaffer said.

“We have resolved to henceforth not to get our feet off the pedal until we achieve promotion,” he added.

Alli okays Okpekpe marathoners

T

echnical Director of the Okpekpe Road Race, Yusuf Alli, has predicted a bright future for Nigeria’s long distance runners if they prelicate their performance at the recent event in Edo State.

“The excelling athletes will be handed over to the Nigeria Sports Commission (NSC) for better development and improvement, as well

as expose them to better coaching,” Alli, a former long jumper, said.

“As the technical Director of the race, I discovered that the Edot State long distance runners are improving every year and if they continue in this stride, they would compete with the best in the world,” the technical committee member of the Athletics Federation of Nigeria (AFN) added.

National Mirror www.nationalmirroronline.net

Sports

Monday, May 25, 2015

55

The Auckland North Harbour Stadium that will host the opening match on May 30

Countdown to New Zealand 2015...

Organisers ready to host the world Paul Erewuba

W

hen the FIFA U-20 World Cup kicks off on May 30, spectators can be guaranteed of the best seeing the best young football talent around the world.

The Local Organising Committee of New Zealand is working with Host Cities across the country to guarantee a fan experience to match what will happen on the pitch.

Twenty-four countries from the six FIFA Confederations will participate in the 20th edition of the tournament that be-

gan in 1977 in Tunisia.

Argentina and Brazil, who have won the title six and five times respectively, are the two most successful nations at this level and both are in this year’s event, with Argentina playing their group matches in Wellington and Brazil based in New Plymouth.

Fifty-two matches will be played in New Zealand’s seven cities spanning the length of the country in search of glory.

The cities are Christchurch, Dunedin, Hamilton, New Plymouth, Wellington and Whangarei.

No doubt, this will afford

‘football crazy fans’ all over the world the chance to see the world’s future stars dazzle in what tourists term “one of the most beautiful parts of the world.”

With barely five days to go as anticipation builds up, the world will get to see future legends of the beautiful game, each looking to find fame like Lionel Messi, Sergio Aguero, Andres Iniesta and Diego Maradona before them.

The FIFA U-20 World Cup, until 2005, was known as the FIFA World Youth Championship, for male players under the age of 20.

In the 19 tournaments held, only nine nations have won the title. Argentina is the most successful team with six titles, followed by Brazil with five.

Portugal two and while Ghana, Germany, Spain, France and formerly existing nations Soviet Union and Yugoslavia with once each.

The countries that will do battle at this year’s edition are Mali, Nigeria, Senegal, Ghana, Korea DPR, Myanmar, Qatar, Uzbekistan Austria, Germany, Hungary, Portugal, Serbia, Ukraine, Honduras, Mexico, Panama, USA, Fiji, New Zealand, Argentina,

Brazil, Colombia and Uruguay.

The competition which takes place for the first time in New Zealand will the third time on Oceanian soil after Australia staged the 1981 and 1993 editions.

France are the current champions, after beating Uruguay 4-1 in a penalty shootout in the 2013 final. However, the French will not be able to defend their title after failing to reach the final round of the UEFA qualifying tournament.

Therefore, France becomes the fourth consecutive incumbent title holder to fail to qualify for the subsequent tournament.

Glo subscribers recount Old Trafford experience G lobacom corporate subscribers sponsored to watch the EPL match between Manchester United and Arsenal FC at Old Trafford Stadium in Manchester, United Kingdom recently have returned home with memorable experiences.

The trip was packaged by Globacom, the official telecoms partner of Manchester United Football Club in Nigeria, Ghana and Benin Republic, as a reward scheme for its High Networth Individuals.

Accompanied on the trip by Head of Corporate Sales, Globacom, Mr. Kamaldeen Shonibare, Head of I.T, Frigoglass, Mr. Babatunde Muftau, Managing Director of SB Telecoms, Mr. Afolabi Abiodun and Group Head, Procurement and Services, Oando, Mr. Folahan Mudashiru, the subscribers described the trip as refreshingly different after they were welcomed by Globacom and Manchester United officials.

Others on the trip are Executive Director, Services/Company Secretary, Mid Western Oil, Mr. Chris Omoru and

Head of IT, MRS Oil Plc, Mr. Oghenekaro Ologe.

Shonibare said the trip was packaged in appreciation of what he called the overwhelming support the network received from the corporate sector over the years, adding that Globacom would always appreciate and reward its business partners.

A Major highlight of the trip was the presentation of a specially packaged Manchester United jersey signed by the iconic club’s players to Head IT, MRS Oil, Mr. Ologe, for predicting the result of the Manchester United versus Arsenal match correctly.

Globacom in 2010 signed a five-season relationship with the Manchester United. The deal that has seen both global brands partnering on several football developing projects was renewed for another five years this year.

“This was just one of the numerous benefits enjoyed by Glo subscribers,” Shonibare added, stressing, “Nigerians yet to join the Globacom network should do so without delay.”

Head IT, MRS Oil, Mr. Oghenekaro Ologe, Glo Corporate Customer, Manchester United legend, Gary Pallister, and Head of Corporate Sales,

WORLD RECORD First evidence running Fastest mileoffiorganised reman’s carry

N150

Vol. 05 No. 1119 Monday, May 25, 2015

T h e e a r l i e s t ev i d e n c e o f o r g a n i s e d r u n n i n g w a s a t M e m p h i s , E g y p t c . 3 8 0 0 B C . I n f o r m a t i o n f r o m A r c h i ve s .

The change pursuits that could matter T he President Goodluck Jonathan era’s last chapter will be closed on Friday May 29 with the inauguration of the General Muhammadu Buhari presidency. That event will usher in the second stage of the CHANGE that will define the nation’s socio-economic and political life in the next four years. The first occurred on March 28 when majority of Nigerians indicated their preference for the APC candidate in a popular election.

The content of APC’s much vaunted CHANGE will take concrete form after the investiture of General Buhari. From then onward its politics will move from the realm of perception to that of reality as Nigerians wait to hear and feel the promised CHANGE in all facets of their national life! Thereafter the CHANGE will take a personality of its own that could positively

HeartBeat Callistus Oke

Callistusoke@nationalmirroronline.net 08054103275 (SMS ONLY) anthonykila@mail.com or negatively alter the consciousness of the people, depending on the colour and content of the strategic enforcement frameworks of the administration’s policies and programmes.

The first test of the Buhari presidency’s mark of seriousness will be the resolution of the prevailing logjam created by the dislocation of the nation’s fuel demand-supply mix by oil marketers. A situation where a 30 litre container of PMS now goes for N16, 000 in the black market; filling stations only sell in the night to black marketers, and roadside oil marketing has become the norm with housewives, able bodied youths as active participants, is a recipe for mass action.

President Jonathan might have pulled Nigeria from the tipping point with the magical telephone call he made on March 31 to General Buhari to concede victory; yes, that altruistic act made nonsense of all the doomsday prophecies; and arrested the separatist demons that had possessed Ijaw militants and sedated the proclivities of the northern power mongers; but his last one month in office has been very uninspiring, to say the least. Many Nigerians have made a case of abandonment against him, which would be difficult to fault.

Coming to specifics, one feature of the expected change would have to centre on mindsets. The mandate of Nigeria’s President is a national one. Making it so is a deliberate contrivance of the nation’s grundnorm to leave nobody in doubt that,

THIS US VERSUS THEM SYNDROME IS WHY NIGERIA HAS STAGNATED. THIS

MINDSET MUST CHANGE indeed, the President is a national figure. I hope General Buhari will shun all attempts to reduce his presidential mandate to a regional one, and that he is is perceptible enough to know who to take counsel from in the running of the nation’s affairs.

The members of the North’s intelligentsia class should stop all attempts to corner the Buhari presidency for their ‘exclusive use’! It was the very reason the late President Umaru Musa Yar’Adua’s short era was very tumultuous. It is also the very reason the geopolitical coloration the contestation for national power has assumed. Whoever is so favoured to drive the governance process of the country at the highest level must be good enough to know who to listen to and who to ignore. Ethnicisation of the nation’s presidency only leads to politics of exclusion and marginalization in the country.

Ethnicisation of politics is responsible for the non-passage of the Petroleum Industry Bill six years after it was introduced on the floor of the National Assembly in 2009. Many have commended it as a very radical piece of law that could transform the nation’s oil industry, yet our

lawmakers have allowed mundane considerations bordering on ethnicity to stall its passage. This us versus them syndrome is why Nigeria has stagnated. This mindset must change.

There is also the preponderant inclination of government towards projecting, promoting and protecting big special interests. Our governments at all levels, but particularly at the federal level, increasingly pander to special interests to the detriment of public interest. We all know why the nation’s four public refineries are not in functional state: The interest of the oil importing cabal is promoted above that of the public. Of course, the mandarins in NNPC are well oiled to sustain the status quo ante. This must not continue.

What about the import duty waiver, contract award, political appointments, etc? In the way government business is conducted, some organizations and individuals have a disproportionate and unfair influence over governments. The result is that the power and greed of the few too often win out over the needs of the many. Our new leader must address this.

As a matter of fact, the nation needs a high dose of economic nationalism as one very serious change element in the new government. It is what could alter the policies and processes with which national institutions approach governance.

The system’s inherent contradictions would continue to haunt and destabilize the polity. The earlier a radical change is effected the better for the health of the nation. Securing the cooperation of the over pampered federal legislators and bureaucrats on the issue would be a daunting task.

But if they refuse to change, they should be changed.

Buhari’s antecedents are enough to deter corrupt practices, what we now need are the right policies, laws and institutions to fix the institutional and systemic decay in the system. The first 100 days of the new administration are very critical in the success of the change crusade ahead.

Sport Extra

w

Drogba set for Chelsea departure

C

helsea forward, Didier Drogba, yesterday confirmed he will leave Chelsea the London club at the end of this season.

The Blues won the English Premier League 2014-15 title with three games to spare.

Drogba, who starred for Chelsea from 2004 to 2012, had rejoined the

club last year following a spell with Turkish side Galatasaray.

The 37-year-old has also scored 104 goals in 253 League appearances for the Londoners.

“I want to play for at least one more season and in order to play more football I feel I need to go to another club,” Drogba said, although he was silent on

his destination, amidst speculations that he is headed to the Major League Soccer.

“I believe I can still give more to the sport,” he added.

Drogba

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.

Editor: SEYI FASUGBA. All correspondence to PMB 10001, Marina, Lagos.

Printed simultaneously in Lagos, Abuja and Akure. ISSN 0794-232X.