PDP faces Woman, 3 cashflow kids die after problems Amala meal Mu’azu
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Vol. 1, 2,No. No.10 61 Vol.
Saturday,March March 15, 2014 Saturday, 23, 2013
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Soldiers, Boko Haram in 2-hr gun battle in Borno We foiled bid to free detained suspects – Defence HQ Gunmen also strike in Kebbi, kill 2 Northern Govs urge decisive action on terror Akin Orimolade, Editor, Northern Operation; Cyril Mbah (Abuja) and Owolabi Adenusi (Yola)
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or more than two hours yesterday, Maiduguri capital of Borno State - was under siege as some daring Boko Haram in their desperation to set free some of their colleagues being
curtailed and repelled by the military, for the period that the ! " Sources said the insurgents were actually headed for the Giwa Barrack, a short distance # $ % & ! ' () # at an area called Fori, a stone’s throw from Giwa Barracks, where some Boko Haram sus& ! ! * & % # sources, responded immediate ! & >>Continued on Page 2
President Goodluck Jonathan inspecting the Karkanda Stadium in Katsina, accompanied by some ministers and the host Governor, Alhaji Ibrahim Shema... yesterday. PHOTO: ANAYO OPARA
FG extends TinCan Port concession by 5 yrs ...Urge patience over power supply
which had restricted the he Federal Govern- tional Council on Privatisa- 0 #
- erations, thus necessitating ment yesterday ex- tion (NCP) presided over ing. an extension. tended the concession by Vice President Namadi He said there were issues / * periods granted Joseph Sambo at the Presidential such as protracted court rector General, “the Council Dam Port Services Nigeria Villa, Abuja. case, which stalled the im- considered the application Limited and Five Star Lo * ' 1 2 - by the Joseph Dam and pre- Nigeria Limited, the concesTinCan Island Port and Ru- ! "# $ % & '- * 3 0 * ral Terminals respectively. ' # * * its contract obligations. # - *
* * For Five Star Logistics, lease period. sion to the two concession- by the Permanent Secretary '' * + “When the lease was aires was granted yesterday $ + # obligations that the Federal granted to Joseph Dam,
- / * *' + * # Clement Nwoji, Abuja
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>>Continued on Page 2
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Saturday Newswatch, Saturday, March 15, 2014
Cover FG extends TinCan Port concession by 5 yrs Continued from Page 1 there was a court case that restrained it from taking over and conducting its obligations in the concessioned contract; and the case dragged on for over four years. “So Council considered the application and reviewed the issues and granted an extension of * years for Joseph Dam Port Services Limited in respect of the Tin Can Island Ports, Lagos. “The second company whose issues were also reviewed is Five Star Logistics, which is handling the concession of the rural terminals on TinCan Island Port. “There were other obligations that govern + 4 * # like the dredging of the ports, mending of some of the collapsed parts of the ports which have not been done, and this has restricted the area of operation of the concessionaire. “The National Council of Privatization re + * 4 listically and graciously * tension to Five Star Logistics in respect of the rural terminals in TinCan Island.� Further, the NCP directed the BPE to move in to resolve any issue militating against the operations of Ministries, Departments and Agencies (MDAs) with particular reference to labour issues. According to Ambassador Igali, “Council today (yesterday) directed the BPE to move immediately with the relevant MDAs to look into all kinds of issues that have # * 4 just the power sector issues that are outstanding but other sectors that are outstanding. “With respect to power, it was noted that almost all payment issues have been completed but there are residual issues
* and capturing of biometrics especially with pensioners of PHCN workers who were not part of the immediate privatisation exercise but are genuine PHCN workers who have not been paid their pensions.� Currently, he said, the Federal Government is in the process of biometric data capture of those who, though not recently severed, have not been paid nonetheless. He expressed satisfaction with the performance of the new investors in the privatized Power Generating Companies (GENCOs) and
Distribution Companies ! 0235 "# 4 more patience for them to fully reorganize the 6 % He noted that some of the problems hampering immediate translation of the reforms in the power 4 delivery include gas pipeline vandalisation, as well as transformers located in the forest areas. “We are now in the process of doing biometric capture of any PHCN worker who even though was not recently severed but in the past who has not been paid his pensions. “We have captured about 50 per cent of them, and after a meeting with the National Union of Pensioners by the BPE, it was reported that we are now going to work with National Union of Pensioners to make sure that their pension allowance is paid % money is kept in the Central Bank to make sure they are paid after % On the performance of the new investors in the power sector, he said: “They are making investment plans. They are importing new equipment, they are bringing in expertise and technology from outside and also upgrading and modernising what they have within the country. They have embarked upon robust training programmes we are working together with them. “The second problem 9 * + supply is the issue of vandalization. You may hear it many times and get bored but the truth is that there is an unprecedented massive scale of vandalization that has just come up from everywhere. Sometimes we don’t understand why they do these things. “As at today, my Minister is out going about the Western axis and Delta area. Last weekend we lost 15 towers, 30KVA, not the small towers you see around but the huge ones we lost 15 of them. “No country experiences that kind of thing. We lost 15 towers in the forest where nobody will be guarding, and the security agencies are out trying to establish what happened and some people have been arrested. This is money of Nigerians providing services to Nigerians; why some people will go and bring them down we don’t understand.�
Soldiers, Boko Haram in 2-hr gun battle in Borno Continued from Page 1 Military jets, according to eyewitnesses, repeatedly dropped bombs at targeted areas, which forced the + % * # * an eyewitness, billowed * ! #!
Although four soldiers were reportedly wounded in the battle and promptly treated, the murderous in # * & & # # .)) * # ! * & * Army launched coordinat ! % / # 0 #! 1 / Mandara mountains and
24-hr curfew imposed on Maiduguri the surrounding areas of 2 * 3 Director of Defence Information, Major General 3 4 * in a statement that the lat * # ! * * Maiduguri was carried out ! 5& * apparently in an attempt to free detained members and boost their depleted * 6 # ing raid on the military ! * planned by the terrorists & * their colleagues who are being detained in the bar * 5% * & human casualty on the ter-
0 # # 7 ed their own members that # 6 1 4 * Saturday Newswatch learnt that the aerial bombardments sent the insur ! * but not without recording According to an eye witness who sought anonymity, as at 9:45am yesterday, the onslaught was still ongoing, as military planes and helicopters were seen circling the city and bombarding areas held by the insurgents, some of whom were reportedly clad in # # Saturday Newswatch further learnt that as the gun battle raged in the city, armed soldiers and police# * # # "
ment facilities in the me & Although students and $ the impact of the bombard# " %
tempt by the insurgents to * & ! !
3 ## * Facebook yesterday, Ms Rita Ladi Mshelia said: 5% & * to seem to be highly agitated and in hysteria due # 6
5
6 # report the number of casuContinued on Page 3
L-R Governor Theodore Orji of Abia State and his wife Mercy, with the Deputy Governor, Sir Emeka Ananaba and his wife Nene observing the National Anthem at a grand civic reception organised by the government and people of Abia state in honour of Lt. Gen. Azubike Ihejirika (rtd) in Umuahia. PHOTO: IBEABUCHI ABARIKWU
Argungu Attack: 2 killed, 4 injured Ayo Ajoge, Kebbi
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hree gunmen on % & two persons including a & < 2 1 # = !!! 0 % cident occurred at about 7:30 pm, near a motor & * % & # 0 $# recently decorated with * Saturday Newswatch learnt that the sound of
=C' E the attention of the people nearby, and the three gunmen indiscriminately & # stray bullets hit four per % 3 H 4< 1 & Mohammed Bello Kaoje, told Saturday Newswatch that two persons died as a result of the incident, while four others had been hospitalised and being treated the gunmen was arrested
while attempting to escape with his gang along the bye pass road, after being hit by an oncoming ! Dantagago who was also * ! # 4 & # J â&#x20AC;&#x153;As I was coming on the road, I saw an accident
* one of the gunmen that was hit by a car; he sustained a fracture on the
& #
O * was I found myself on the
& ! 6 % 0 3 ## P " # $ 4 * #
# # Kebbi State Deputy 1 ! # who rushed to Argungu the following morning to commiserate with the people in the area, com#
the people especially the youth and Good Samaritans who assisted the Po #
3
Saturday Newswatch, March 15, 2014
PDP in USA condemns killings in North East
Cover Again, INEC warns political parties against premature campaigns
Baba Negedu, Kaduna
Saminu Ibrahim, Abuja
T
he Peoples Democratic Party, United States of America (PDP-USA) chapter has condemned the recent raid by the Boko Haram sect in the North East leading to the killing of some students in Yobe State. A statement from the chapter made available to newsmen in Kaduna yesterday said the party condoles with the families of all the students killed by Boko Haram insurgents in Yobe State. The statement signed by Chairman of PDP USA, Chief Olufemi Sanyaolu, said: â&#x20AC;&#x153;It was callous, barbaric and unacceptable for anybody to take the life of another person, more so little children, in whatever guise.â&#x20AC;? Part of the statement read: â&#x20AC;&#x153;It is the height of heartlessness for anybody to kill innocent children in their sleep,â&#x20AC;? wondering if the insurgents ever considered that the students they recklessly killed do not have a say in the circumstances surrounding their being in school. â&#x20AC;&#x153;These children killed by Boko Haram insurgents are in school because their parents want them to be in school,â&#x20AC;? the statement said. The party berated the sect saying: â&#x20AC;&#x153;If you Boko Haram are not heartless cowards, why are you targeting little
children that have not done anything to you? These children represent the future of our country; do you (Boko Haram) think that you can bully them into submission? Their innocent blood is on your hands and I implore you to ask for forgiveness and tow the path of peace.â&#x20AC;? While declaring their support for the new National Chairman of the PDP, Alhaji Adamu Muazu, Sanyaolu said, â&#x20AC;&#x153;the emergence of Alhaji Muazu as our National Chairman is a proof that our great party, the PDP, can and will always be the party to beatâ&#x20AC;?, stressing that â&#x20AC;&#x153;Muazu has the unique leadership qualities of a peacemaker and bridge builder with a passion for unifying the party for the progress and development of Nigeria.â&#x20AC;? Sanyaolu requested President Goodluck Jonathan to make his intention for 2015 known, adding : â&#x20AC;&#x153;We are eagerly waiting for the formal declaration by the President to contest in the 2015 presidential election because we have seen what transformation our motherland Nigeria has undergone under his administration and we want him to complete it in his next term.â&#x20AC;? Sanyaolu declared that his chapter in the USA will give the necessary support to President Jonathan at all levels to ensure that he emerges the president come 2015.
T
he Independent National Electoral Commission (INEC) has accused political parties in the > sections of the Electoral Act on campaigns, even as the Commission claimed that it has warned the parties * + 4 anomaly. But while the All Progressives Congress (APC) berated INEC for lack of courage to enforce the law to 4 # Democratic Party (PDP) denied violating the electoral law. INEC Chairman, Professor /4 1 @ week, had noted that â&#x20AC;&#x153;all parties are guilty; we have warned them and drawn their 4 % + QX days to election. Parties are now holding rallies â&#x20AC;&#x153;Although there is need to separate and navigate these timelines, once you say â&#x20AC;&#x2DC;vote Z QX * # guilty and all parties are guilty
of this,â&#x20AC;? Jega said. Speaking with Saturday Newswatch yesterday, Chief Press Secretary to Prof Jega, Mr. Kayode Idowu said: â&#x20AC;&#x153;INEC has pointed out the position of the law; the Commission has the power to prosecute. â&#x20AC;&#x153;Political activity is a thin line between what the law prohibits and political activity. What the law prohibits is you cannot take the podium and say â&#x20AC;&#x2DC;I am a candidate for 6 [ \ for meâ&#x20AC;&#x2122;. A candidate cannot do that; a political party cannot do that; the law prohibits that, but the law does not prohibit a political party calling its people together and holding a rally,â&#x20AC;? he said. Idowu explained that the campaign that the law prohibits is that â&#x20AC;&#x153;you cannot present, or a party cannot present you as a candidate for 6 + QX * % â&#x20AC;&#x153;In 2015 for example, you cannot come out to say I am the candidate either for the governorship or the
president because what the + 4 QX days is that there is also a time frame for the party to conduct its primaries.â&#x20AC;? Idowu insisted that, â&#x20AC;&#x153;the prohibition is not necessarily political activities; holding sensitization seminars, soliciting members for parties, you canâ&#x20AC;&#x2122;t really handle those things, because that is not what the law prohibits. 2 QQ / says: â&#x20AC;&#x153;For the purpose of this act, the period of campaigning in the public by every political QX * before the polling day, and end 24 hours to that day.â&#x20AC;? 2 # 0* + * that in Ekiti State, there were banners, posters soliciting 6 # that informed the order for removal by the INEC Chairman, for violation of the law. â&#x20AC;&#x153;Everybody in Ekiti was jumping the gun, because + 4 # posters,â&#x20AC;? he said. Meanwhile, National Publicity Secretary of the All Progressive Congress (APC),
Alhaji Lai Mohammed, however, chided INEC, insisting that the Commission does not have courage to complain over alleged campaign by parties. â&#x20AC;&#x153;Why did he not stop the Peoples Democratic Party (PDP) when they went and organized rallies in Sokoto, Owerri, Ilorin, Minna, and Kaduna? â&#x20AC;&#x153;Is it now that Jega will tell the world that all parties > * act? He (Jega) has no courage to tell Jonathan to stop campaigning,â&#x20AC;? Mohammed said. Also speaking, National Publicity Secretary of the Peopleâ&#x20AC;&#x2122;s Democratic Party (PDP), Chief Olisa Metuh, disagreed with the APC. Metuh said: â&#x20AC;&#x153;We are not involved in breaching INEC guidelines. What the PDP is doing is that, in furtherance of our position as the only party that promotes national interest and unity of this country, we are going around the country to embark on peace and unity movement.
PDP faces cashflow challenges proved substantially with the removal of Tukur as state governors who hitherto refused onths after Dr. * Bamanga Tukur sistance to the party, are was removed now said to be visiting and replaced with Alhaji the Headquarters and Adamu Muazu as Na- â&#x20AC;&#x153;dropping somethingâ&#x20AC;?. tional Chairman of the A party source told ruling Peoples Demo- Saturday Newswatch cratic Party (PDP), feel- that the National Chairers from the Wadata man informed some ofHouse Headquarters of the party suggest that its he would not sign any machinery is grinding cheque or document un+ > + * 6 % til after April, when the Saturday Newswatch party is expected to hold investigations revealed its mini convention. that Muazuâ&#x20AC;&#x2122;s decision Saturday Newswatch not to sign any docu- 9 ment relating to money press are not being paid. 9 * Other bills include said day operations of the 4 * * party. the chairman include It was gathered that motor vehicle mainteAlhaji Muazu refused to 6 * sign the change of signa- directors, as well as ture Form from the par- maintenance of party tyâ&#x20AC;&#x2122;s bankers. The party, headquarters and Presithrough the sale of nomi- * 6 nation forms to guberna- among others. torial aspirants in Ekiti Contacted for comState, reportedly realised ments on the deover N300million. velopment, some 0 ** # - National Working Comcial fortune of the party 4
* * is believed to have im- to speak on the issue.
Akin Orimolade, Editor, Northern Operation & Saminu Ibrahim, Abuja
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L-R:Gov Adams Oshiomhole of Edo; Chairman, Nigerian Governorsâ&#x20AC;&#x2122; Forum, Gov Rotimi Amaechi; Govs Babatunde Fashola of Lagos and Kayode Fayemi of Ekiti at a retreat of the Forum in Lagos... yesterday PHOTO: NAN
Northern Govs urge more action against insurgency Justina Asishana, Minna
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orthern States Governors have condemned the killing of several persons in Katsina on Thursday by unknown gunmen and the reported killing of 30 Tiv farmers and destruction of property by Fulani herdsmen in Benue State, describing it as one attack too many. The Chairman, Northern States Governors Forum (NSGF), Dr. Muâ&#x20AC;&#x2122;azu Babangida Aliyu, called on security agencies to do all that is humanly possible to bring to an end the senseless killing of innocent citizens across the country, stressing that a situ-
ation where innocent Nigerians become easy targets of criminals was unacceptable. In a statement signed by Aliyuâ&#x20AC;&#x2122;s Chief Press Secretary Mr. Danladi Ndayebo, the Forum also condemned the attack on Army Brigade Command in Maiduguri yesterday by suspected insurgents calling on the perpetrators to lay down their arms and embrace dialogue. Expressing the Forumâ&#x20AC;&#x2122;s condolences to the families of the victims, Aliyu said no grievance can justify such a dastardly act against defenceless citizens. According to the statement, security agencies should en-
sure that the perpetrators are caught and brought to justice in order to prevent a reoccurrence. The Governors then
prayed God to grant repose to the souls of the deceased eternal rest and members of their families the fortitude to bear the loss.
Soldiers, Boko Haram in 2-hr gun battle in Borno Continued from Page 2 alties following the attack. The military had in recent raids destroyed militantâ&#x20AC;&#x2122;s camps in Talala, Monguzum, Sambisa forests, Gwoza, Mandara mountains as well as the general areas around Lake Chard. While the camps were destroyed, many in-
surgents were also killed. Meanwhile, a 24-hour curfew was last night imposed on Maiduguri. The military authorities charged the Civilian JTF to be vigilant and report unfamiliar faces to them, warning of the possibilities of + city regrouping to launch a fresh attack.
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6
Saturday Newswatch,March 15, 2014
South West
News
gives out cars, Mother, three children die Senator buses to constituency eating Amala in Ondo A Tunde Busari
Peter Dada, Akure
T
ragedy struck in Isua Akoko, in Akoko South East Local Government Area of Ondo State, following the death of a woman, *
* $ % Folorunsho, and her three children who all died after consumption of a > known as amala. According to the spokesman of the family,
% /* / * & who narrated the incident to newsmen, the woman > 0 $ ' * used it to prepare meal for the family, that same
* % / * & * after taking the Amala, the nine members of the family who ate it became unconscious and they were immediately rushed to the Local Government Health Centre by + aid were administered on % + # 9 to revive four of them proved abortive as one of the children died at the Health Center and on the same day, when their case was not improving, they were rushed to the State Specialist Hospital, IkareAkoko and later taken to a private hospital in
Ikare Akoko where they + 4 * * + * * * % The rest of the victims were also said to have later referred to the * $ * 3 ! $3"# 5+ diagnosis as the suspected poison was said to have damaged their intestine * ' * % When there was no improvement, the family later decided to seek spiritual means to solve the problem as they were taken to a church called Restoration Tabernacle Church in Isuaâ&#x20AC;&#x201C;Akoko where their mother and * *% However the husband
and father of the deceased # $ / Folorunso and four other children survived the * % 56 of the Ondo State Police 3 *# $ Ogodo said he was aware of the incident but
6 informed by the Isua % Speaking with Saturday Newswatch on telephone, the Police Spokesman said â&#x20AC;&#x153; I am aware of the incident by earsay but I have not been formally briefed by the Divisional Police Station in Isua /' ' +% š
Senator representing Oyo Central Senatorial District, Senator Ayoade Adeshun, has distributed cash and items worth N120 million to % Items distributed included 40 cars for individuals, 15 space buses for the smooth running of his party, the All Progressives Congress (APC) at the local government level, 200 units of motor cycles, grinding machines, deep freezers, sewing machines, generators, farm implements * 2$ ' % Close to a thousand students were given N10,000 bursary award, and traders and 53 trained women selected from 14 local governments in vocations ' * # soap and pomade making etc were given cash awards ranging from N20,000 to ÂşX#XXX% The Senator, who is also the Chairman of Senate 3 4
3 $ ' * 3 4
2 * $ # ** # said the gesture was in appreciation of the support * & * % â&#x20AC;&#x153;If somebody has done something good, it is always right to reciprocate by coming ' + #¡
he said, adding that poverty alleviation programmes must be a constant event at % He maintained that prior to the empowerment programme, he had also facilitated series of & district in addition to the employment facilities he had
9 * * * ½Xžž% Explaining the method of distribution of the items, Senator Adeseun said most
+ selected by the hierarchy of his party from the district, adding that the rest were from various groups and other political stakeholders % The event, held at Durbar Stadium in Oyo, was + * / Oyo, Oba Lamidi Olayiwola Adeyemi, former governor * 5 2 # % Omololu Olunloyo, Senator Kamoru Adedibu, the interim chairman of the All Progressive Congress (APC) in Oyo State, Chief Akin Oke, local government council chairmen and community * % * / * % Olunloyo in their separate remarks, commended the electioneering promises to the people of his %
Council boss charges students on excellence Emmanuel Olojuanu
E L-R: Lagos State Commissioneer for Works/Infrastructure, Hon. Femi Hamzat, with the Bishop, Diocese of Lagos Mainland, Rt. Rev. Isaac Ayo Olawuyi, at the 2014 Diocese of Lagos Mainlandâ&#x20AC;&#x2122;s 20th annual Synod hosted by the Yaba Circuit, Lagos.
OPC leader advocates service-oriented public office Olusakin Babalola
F
actional leader of Oodua Peoples Congress (OPC), Otunba Gani Adams, who is also the chief promoter of Olokun Festival Foundation has appealed to 6 *
themselves as be given the opportunity to give quality services to humanity because they would not be there till
% Adams made the appeal in Ibadan during the annual celebration of Okebadan Festival which took place at $ 0 * # * 4 * * 0 * * * % He said:â&#x20AC;&#x153;They should therefore, rededicate themselves to the service of CHANGE OF NAME I formerly known and called WILLIAM OCHOGWU now wishes to be known and called ONOJA W. OCHEJE EMMANUEL. Former documents remain valid. The general Public to take note.
the people, put in place policies that promote our culture, * &
youths and re-establish the Yoruba race as a leading race + *%¡ Adams added that he has no doubt in his mind that the
the development of Yoruba Âź
*% He called on governments & * with other serious minded Nigerians â&#x20AC;&#x153;to ensure that we place our culture and tradition
in their rightful positions in the %¡ The OPC leader expressed happiness and pride, noting that â&#x20AC;&#x153;we have come a long way in the advancement and promotion of Yoruba culture * ¡%
Obesere rape saga:Activists call for thorough investigation Ayodele Olaleren
F
ollowing the recent alleged & musician, Abass Akande Obesere, activists have called for a thorough investigation 4 # * 4 * charge the musician to court if * % * & / on Violence Against Women, $ % 1 3 '+ # Praise Fowowe of the Centre 2 * * / * & Osowobi of the Stand to End Rape organisation, yesterday, said the frequent cases of rape and violence against women have made it imperative
for the police to conduct a proper investigation into the Z * % â&#x20AC;&#x153;We are deeply concerned with the seeming increase in sexual crimes in Nigeria, and * *% Impunity seems to be the reason for this sexual epidemic we are currently experiencing 4 crimes and not been brought to '#¡ * 3 '+ % She added: â&#x20AC;&#x153;Last week, we all woke up to yet another reported case of alleged rape of a 29 year old woman, by & # 5 # + / & / /' * % +
are aware that the police at State Criminal Investigation Department, SCID, Panti, are still carrying out investigations 4 # + + concerned by media reports that pressure is being mounted * %
& * 6 * SCID, Panti, not to relent in their investigations, and not succumb to any pressure from Ÿ % impunity cannot and should + * % * + % allegations against Obesere need to be thoroughly * * 4 * %¡
xecutive chairman, Egbe-Idimu Local Council Development / !@3 /"# % /* Waheed Bello, has urged pupils and students in the area to take their education seriously, and excel at the forthcoming Spelling Bee % Bello stated this during the Lagos State preliminary Spelling Bee competition, organised by the council % The three best students were charged to emerge the overall winners at the state level to become the stateâ&#x20AC;&#x2122;s 5 % â&#x20AC;&#x153;We are proud of you; you have shown today how brilliant you are and we want to charge you to also make us proud at the state % ' sure you become the overall winners of this competition at the state level to emerge the stateâ&#x20AC;&#x2122;s One Day Governor, Deputy Governor and the Speaker of the state House of / %¡ In his welcome address, the LCDA Supervisor for * # % Ogungbemi, advised the students to take the competition seriously, noting that the skill they acquired during the competition would prepare them for a 4 * + * #
stressing that it will make them useful to themselves, their families and the nation % The LCDA Head of * # $ % 2% % /' # * *
* of the Executive Chairman + * % He also appreciated the Supervisor for Education,
% 5 # * 9 of the LCDA, the teachers and students who participated in the competition, praying God + * * % $ + # the LCDA has sworn-in its Community Development 3 4
Âż3 3Ă&#x20AC; members which conprises some of the chairmen of the Communities Development Association (CDAs), elected $ žX# * leadership of the council
% Consequently, the councilâ&#x20AC;&#x2122;s @ 56 # $ 0 ' Akinyemi, declared the executive members suitable Z 9 for the next three years with
9 ½Xžà ½Xžº% The elected Excos are ; Chief 1%5 /' # 3 \ $ % %5 /& # 3 \ * $%5% 5 ' # 2nd Vice Chairman and Comrade Wasiu Adefowope, 2 %
7
Saturday Newswatch,March 15, 2014
South East
News
Secind Niger Bridge: Group commends Jonathan
Police arrest suspected kidnap kingpin in Onitsha P Alphonsus Eze, Awka
A
kidnap suspect, who is alleged to have aided series of kidnappings in Onitsha, has been arrested by the Special Anti-Robbery Squad (SARS) of the Anambra State Police Command. The suspect (name withheld), a former 6
# + * taken some hoodlums who operate under
Ogbaru youths at the area, 2/ 2 6 /+' Ă&#x201E; # Oyi Local Government of the State, when another kidnap suspect, already * # 4 * and raised alarm. The SARS operatives under Chief Superintendent of Police (CSP), James Nwafor, immediately arrested the suspect, after which he made confessional culpability.
It was learnt that the police had also arrested about four men he mentioned. It was also revealed that the man gave the information which led to the kidnapping of a business man in Onitsha in September 2013. â&#x20AC;?The man paid them N12 million ransom, but was killed last month in 6 2
' * 4 #¡ a source said.
The suspect was also said to have provided information for the kidnap of the manager of Orange Drugs Pharmaceutical Company located at Obodo-Ukwu, Road, Ogbaru and one Chief Odili of Odili ventures. Police Public Relations 56 *# Emeka Chukwuemeka, a Deputy Superintendent # * arrest.
resident of Ndigbo Cultural Society of Nigeria (NCSN), Chief Udoka Udeogaranya, has expressed gratitude to President Goodluck Jonathan over the commissioning of the second Niger Bridge. According to Chief Udeogaranya, the bridge, after completion, would help advance robust economic activities in Igboland by facilitating access to the area. â&#x20AC;&#x153;With the commissioning of the second Niger Bridge and for achieving this milestone, President Goodluck Jonathan has proven an uncommon leadership quality and matched his promises with
action and has also redefined himself as a man with exceptional integrity, striding on the golden characters of dedication, devotion, allegiance, loyalty and total commitment to public service,â&#x20AC;? he said. â&#x20AC;&#x153;Ndigbo will continually be grateful to President Jonathan over his rare appointments of Ndigbo, removal of ban on goods and commodities Ndigbo trades in, the international status airport in Enugu, the Anambra oil producing state status, rehabilitation of the Lagos to Onitsha highway and several other projects which no other Nigerian Presidents in the past ever did,â&#x20AC;? he added.
Anambra appoints Lagos liaison officer
S Area Comptroller, Federal Operations Unit (FOU), Nigeria Customs Service, Zone C, Mr. Victor Dimka (left), displaying seized bags of par-boiled rice and other items before newsmen in Owerri...yesterday.
Anambra handover: Police mount special parade Alphonsus Eze, Awka
T
he Police Command in Anambra State said it would mount a special parade as part of events marking the handover of government in the state on March 17. The commandâ&#x20AC;&#x2122;s Public 56 # $ Emeka Chukwuemeka, told the News Agency of Nigeria (NAN) in Onitsha that the parade would add colour to the occasion. ``The parade will also showcase the gallantry * * 6 and men of the command to respond to any crime or emergency-related situation in the state,â&#x20AC;&#x2122;â&#x20AC;&#x2122; Chukwuemeka said. He stated that the command had made adequate security arrangement to forestall any security challenges during the occasion. ``We are ready. All security arrangement had been made. Our men had been briefed and every necessary deployment made in respect of the
occasion,â&#x20AC;&#x2122;â&#x20AC;&#x2122; he said. Chukwuemeka assured guests coming from within and outside the country
to the occasion of an ``exceptional professional treatmentâ&#x20AC;&#x2122;â&#x20AC;&#x2122; from members of the police. Governor Peter Obi will
handover to Chief Willie Obiano, the governor-elect, at the Ekwueme Square, Awka, on March 17.
ecretary to Anambra State Government, (SSG), Mr. Henry 5 Ă&#x201E; # * the appointment of the Secretary of the Anambra State Independent Electoral C o m m i s s i o n , ANSIEC, Mr. & Ă&#x201E; ' # permanent secretary for its Lagos liaison office. 5 Ă&#x201E; * * this while fielding questions from newsmen during a JP award ceremony organised by the state pilgrims board for pilgrims. Reacting to his
# Ă&#x201E; ' said he got wind of it from the office of the Head of Service. His words: â&#x20AC;&#x2DC;I have to break the news here because the appointment had been long overdue so I believe it is a testimony of the pilgrimage. â&#x20AC;&#x2DC;I decided not to keep to it to myself, I give God the glory.â&#x20AC;? It is the first appointment of a permanent secretary for the Lagos liaison office. He said that before now the office was being managed by the Special Adviser to the governor.
NEMA tasks states on disaster management Kenneth Ofoma
T
he National Emergency Management Agency (NEMA) has challenged state governments in Nigeria, especially those in the South Ă&#x201E; always make adequate budgetary provision for disaster management. The agency appealed for strengthening and proper funding of State Emergency Management Agencies, (SEMAs) by the states, as such would go a long way in reducing pressure and over dependency on NEMA. 2 Ă&#x201E; coordinator of NEMA, Dr. Bamidele, Abdulahi Onimode
made the call yesterday # +
& 6 % Onimode, who reviewed activities of the agency within Ă&#x201E; ½Xžà # * programme for 2014, said it is high time governments at all levels began to see disaster as a security issue and not mere environmental problem. He said the federal government alone do not have the capacity of shouldering disaster problems and challenges in Nigeria, due to its capital intensive nature, hence the need for local and state governments to always play their expected role on the issue.
â&#x20AC;&#x153;Disaster management I must tell you are quite enormous, multi- sectoral, multi-resourced and capital intensive across the globe including Nigeria, and that is why the local and state governments must always show serious commitment on the issue,â&#x20AC;? he insisted. The south east NEMA boss, had also advocated for more synergy between the agency and other key stakeholders in disaster handling, especially security agencies. He disclosed that the agency delivered relief materials to many communities across the Ă&#x201E; ½Xžà % 5 * *
* *
* 4 * some SEMAs as a challenge, but noted that despite all odds, 2 $/ Ă&#x201E; 6 * * * best in tackling disaster issues in its areas of jurisdiction. He added that, â&#x20AC;&#x153;though all we have achieved was made possible because of the tremendous support we always get from our workaholic and dynamic Director- General, Alhaji Sani Sidiâ&#x20AC;?. â&#x20AC;&#x153;As I speak to you, my 6 ' * some brand new operational vehicles, among which is a water tanker, trailer, a modern Multi Purpose Intensive Care
Ambulance (MPICA) and other working facilities. He also disclosed that NEMA has commenced construction of multi-million South-East Ă&#x201E; at Enugu, with a completion period of 16 months. While assuring that his policy thrust for 2014, would be to consolidate on the gains ½Xžà # Ă&#x201E; * # however, enumerated some of the feats recorded by the Ă&#x201E; * * review, to include training of scores of Federal Road Safety Commission (FRSC) personnel Ă&#x201E; correct handling of disaster and accident victims.
8
Saturday Newswatch,March 15, 2014
News
North Central
DPR seals three fuel Attack on Suswam:Tsav tells stations in Ilorin Jonathan to deploy soldiers in Benue T
Godwin Akor, Makurdi
F
ormer Lagos State Police Commissioner, Alhaji Abubakar Tsav, has called on President Goodluck Jonathan to send soldiers to Benue 2 * 4 ' * Governor Gabriel Suswamâ&#x20AC;&#x2122;s convoy last Tuesday. Tsav told Saturday Newswatch during an interview that the President, who promptly responded to the killing in
Katsina State by directing that soldiers be sent to perpetrators, should also * * + 4 ' * Governor Suswamâ&#x20AC;&#x2122;s convoy. He recalled that the Tor Tiv, Dr. Alfred Akawe ' # + 4 ' * some years ago while describing the security situation in Benue State as terrible. â&#x20AC;&#x153;It is a sad development; it is a demonstration of war against Benue
in that manner, but my advice is that we should not take the law into our own hands because jobless people will take advantage of the situation,â&#x20AC;? he maintained. Tsav said if the state * * ' 4 up on its own, wrong 4 ' *# so, the military should take it up. â&#x20AC;&#x153;If Katsina was 4 ' *# * president ordered the responsible, why canâ&#x20AC;&#x2122;t he
order the same military * 4 ' Suswam?â&#x20AC;? He queried. According to him, caution should be taken in the handling of the problem so that perceived enemies would not be 4 ' *%
* 4 was not handled with care, the Hausa who have been so law abiding 4 ' *# giving rise to religious and ethnic coloration which may not be good
he Department of Petroleum Resources (DPR) on Friday sealed three
0 for alleged under dispensing, selling 6 price and hoarding of petrol. Mr. Amos Jokodola, the Controller of DPR in the state, gave the order when he led 6 department on an unscheduled inspection in Ilorin. Jokodola said the unscheduled tour was to enforce the N97 per litre 6 # *
station was hoarding the product. The sealed stations included the Conoil Filling Station on Muritala Mohammed Road and MRS Filling Station along Wahab Folawiyo Road for alleged under dispensing. The department sealed Total Filling Station along Ibrahim Taiwo
Road for allegedly hoarding over 8, 500 litres of petrol. The controller described the action of 9 * economic sabotage and * 4 9 Federal Government to make petrol available. Jokodola ordered Poosab Filling Station in Adewole Estate in IIorin to immediately reverse its pump price from the N120 to N97 per litre. The controller said the visit was to monitor stations throughout the state to restore sanity, and curb sharp practices by petroleum marketers. He said that the unscheduled visit would be a continuous exercise, and promised that the department would not station that engages in sharp practices. Some motorists commended the DPR for sealing the stations whose action were described as â&#x20AC;&#x153;wicked and dubious.â&#x20AC;?
Cassava farmers in Niger access FGâ&#x20AC;&#x2122;s N1.2bn loan
C
hairman of Nigeria Cassava G r o w e r s Association in Niger State, Alhaji Sule Garba, said 80 per cent of its members in the state A Fulani cultural group entertaining guests during the inauguration of Fulaniâ&#x20AC;&#x2122;s Kara market as part of activities marking have accessed Federal 100-days of Isin Local Government Area administrationâ&#x20AC;&#x2122;s anniversary at Owu-Isin, Kwara State ...Yesterday. Photo: NAN Governmentâ&#x20AC;&#x2122;s N1.2 billion loan currently disbursed by the Bank of Agriculture (BOA) to farmers. Garba made the disclosure yesterday during an interview FGN/ASUP agreement Gyang Bere, Jos newsmen in the unity and future of the ongoing strike until and non-implementation with all the issues tabled of CONTISS 15 migration Minna. ational Executive the nation. However, it called on before government are for lower cadres. ``My happiness is that Council (NEC) of â&#x20AC;&#x153;Government should the Bank of Agriculture / * 2 9 politicians to demonstrate satisfactorily addressed. adequate maturity and According to the urgently include has started disbursing Union of Polytechnics ASUP monotechnics and the N1.2 billion loan (ASUP) has lamented statesmanship, both in communiquĂŠ, words and actions for wants the nomination/ colleges of technologies as meant for my members. the increasing spate national interest while selection of delegates to
* of security challenges ``This is contrary to projects, in Nigeria, especially political impunity should the National Conference interventions be curbed through > + and also the ongoing rumours among farmers 9 9 * sanctions of the people, in order needs assessment of that the national and students of educational appropriate where and when to guarantee free and public polytechnics. state executive members institutions in Nigeria. genuine participation of Rectors of polytechnics It also lamented necessary. have shared their It also called on the participants of the should follow due registration fees for the the re-emergence of and conference. process in carrying out fuel scarcity, and its government It observed that â&#x20AC;&#x153;the their functions to avoid loan among themselves. implications on the well- other stakeholders to insensitivity industrial breakdowns ``In Niger State, I being of the national demonstrate genuine and culpable adequate commitments of government towards and the consequent registered 1.9 million economy. Rising from its to improving security resolution of the 13 performance standstill in cassava farmers and 80 76th meeting held at of lives and property core outstanding issues the various polytechnics percent of them have Akperan Orshi College of Nigerians, especially that precipitated the and monotechnics.â&#x20AC;? been given N150, 000 The communiquĂŠ of Agriculture, Yandev, those of students of the on-going ASUP strike, each by the Bank of various institutions of among which are the also suggested that the Benue State, between non-establishment of appointment of rectors Agriculture,â&#x20AC;&#x2122;â&#x20AC;&#x2122; he said. 10th and 14th March, learning. Meanwhile, in a National Polytechnic should be done from He added that the 2014, ASUP also Government expressed worry over communiquĂŠ signed by Commission; the delay within the polytechnic Federal to promote granted the loan to the the growing political its National Publicity in provision of policy system Comrade frameworks for the the realisation of selftension caused by the Secretary, association across the Chirman, elimination of HND/ actualization goals Nigerian political class Clement the union urged Degree dichotomy; re- among members of the country to ensure that and its consequences on it meets the target for members to continue negotiation of the 2009 system.
ASUP laments increasing insecurity, lingering fuel scarcity
N
both local and foreign demand for cassava. The associationâ&#x20AC;&#x2122;s chairman said the loan was being disbursed in the ratio of N150, 000 per hectare of land, adding that the N1.2 billion released by government + % He said he was not sure when the second batch of the loan will be released, and how much was involved. Garba said that 80 percent of the members who had received the loan in the state were from zones `Aâ&#x20AC;&#x2122; and `Câ&#x20AC;&#x2122;, adding that the bank manager for Minna branch of the bank promised to disburse that of zone `Bâ&#x20AC;&#x2122; as soon as he resumed from vacation in April. He said that the Federal Ministry of Agriculture and Rural Development was collaborating with some research institutes to get the farmers high yielding cassava stems for cultivation. The chairman appealed to the ministry to provide cassava farmers with various processing machines, to encourage them produce enough cassava for local and foreign use.
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+ ' !H + ," '-H + ' (",H (%% ' >H +& 'H + ," '-H ²( !"&H . $H ' H % " 'H "' H !"%")) >H , " H -! H ,)($ ,& '= -H -! H "'/"- -"('H ( H H "+ -(+G ' + %>H +"' H ($(/ >H -! H !"' , H )+ ," '-H ",H %,(H , ! .% H -(H /","-H -! H ! *. +- +,H ( H -! H '"- H -"(',H . -"(' %>H " '-" H H ' H .%-.+ %H + '", -"('H A BH('H + !H¢«= (+ "' H -(H !",H ,)($ ,& '>H ! H 0"%%H %,(H /","-H-! H! *. +- +,H( H-! H H +(&H + !H ¡ H -(H )+"%H >H ,H . ,-H ( H .+() 'H (.' "%>H + ," '-H +& 'H 'H (&).2>H ' H .+() 'H (&&",,"('H + ," '->H ²(, H '. %H ++(,(=
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
¢££«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¢>£££H, .+"-2H) +,('' %H0 + H )%(2 H (+H .,! ++ D,H, .+"-2H ('H / +2H! +"' = (0 / +>H .,! ++ D,H ' H - &H 0 ,H ",, -", H H 0"-!H & ,.+ ,H "',-H -! H , .+"-2H -!+ -,= .,! ++ H ",H $",- 'D,H H+,-H &"%"- +2H +.% +H "'H -! H (.'-+2D,H ' +%2HªªG2 +H!",-(+2H-(H H!" !H -+ ,('H ! + =
13
Saturday Newswatch, March 15, 2014
NSE Daily Summary (Equities) at 14/03/2014
Nigerian stocks end week on bearish note, shedding -2.01% W Marcell Dike
ith activities in the Nigerian equities market at a low ebb on Thursday, as all sectoral indices closed in the red region with mop up strategy by value investors taking advantage of the perceived cheaper entry points of equities, and investors trading cautiously while anticipating positive corporate actions, Fridayâ&#x20AC;&#x2122;s transactions at the Nigerian bourse saw the NSE All Share Index (ASI) close on a bearish note. The NSE ASI depreciated by -0.86 per cent to close at 38,171.32 basis points, compared with the
depreciation of -1.65 per cent recorded previously. Market capitalisation was 12.261trillion at a value of 3,736,107,915.20. Meanwhile, volume traded stood at 609, 579,096 after 4,033 deals. Its Year-to-Date (YTD) returns currently stands at -7.64%, with market breadth also closing on a low as IKEJAHOTEL led 9 gainers against 35 losers topped by CCNN at the end of Fridayâ&#x20AC;&#x2122;s session- a negative performance when compared with previous outlook. Market turnover closes positive as volume traded appreciated by +66.01% against +36.80% uptick recorded in previous session. UBCAP, FBNH, and UNITYBNK
were the most active to boost market turnover. UBCAP and FBNH top market value list. NSE Banking sector recorded -2.00% to emerge the worst hit sectoral performance among others while NSE ASeM is the > X%XXĂ&#x160; * % UBCAP leads the list of active stocks that recorded impressive volume spike at the end of yesterdayâ&#x20AC;&#x2122;s session. Also, in line with its literacy amongst youths and children in the country, The Nigerian Stock Exchange (NSE) has instituted a series of activities to mark the 2014 Global Money Week which holds from 10th to
STOCK GUINNESS CADBURY BERGER UBN ETERNA
STOCK WAPCO INTBREW DANGSUGAR CCNN ZENITHBANK
CLOSE
GAINERS: TOP-5 GAIN
166.75 85.00 9.29 10.05 3.70
169.00 85.40 9.48 10.19 3.80
CLOSE
LOSERS: TOP-5 GAIN
112.50 27.01 10.45 9.70 22.08
111.00 25.71 9.44 8.76 21.38
17th March, 2014. ' ' * 9 with â&#x20AC;&#x153;A Day at the Exchangeâ&#x20AC;? Excursion Programme involving select Primary and Secondary schools students in Lagos. The students took a tour of The
CHANGE % 2.25 0.40 0.19 0.14 0.10
CHANGE % -1.50 -1.30 -1.01 -0.94 -0.70
NSE and were lectured on the workings of a Stock Exchange * % The activities culminated in a symbolic Bell Ringing Ceremony by the students to close the market for trading.
Symbol
Opening Price
High
Low
Closing Price
Change (+)
% Price Change
Trades
Volume
Value
7UP ABBEYBDS ABCTRANS ACCESS AFRIPRUD AFROMEDIA
86.77 1.35 0.91 7.52 3.71 0.50
86.77 1.35 0.91 7.60 3.80 0.50
86.77 1.35 0.91 7.50 3.53 0.50
86.77 1.35 0.91 7.51 3.57 0.50
0.00 0.00 0.00 -0.01 -0.14 0.00
0.00 0.00 0.00 -0.13 -3.77 0.00
1 1 1 1 1 1
13,196 500 1,025,000 14,367,944 4,783,163 30
1,202,155.62 645.00 932,750.00 107,902,696.00 17,261,148.00 15.00
AFRPAINTS AGLEVENT
2.72 1.47
2.72 1.47
2.72 1.47
2.72 1.47
0.00 0.00
0.00 0.00
1 1
2,000 28,315
5,180.00 42,293.05
AIICO ASHAKACEM BERGER BETAGLAS CADBURY CAP CAPOIL CCNN CHAMS CILEASING CONOIL CONTINSURE CORNERST COSTAIN COURTVILLE CUSTODYINS CUTIX CWG DANGCEM DANGFLOUR DANGSUGAR DEAPCAP DIAMONDBNK DNMEYER EQUITYASUR ETERNA ETI EVANSMED FBNH FCMB FIDELITYBK FIDSON FLOURMILL FO GLAXOSMITH GNI GUARANTY GUINNESS HMARKINS HONYFLOUR
0.77 16.16 9.29 19.02 85.00 45.00 0.50 9.70 0.50 0.50 51.90 1.05 0.54 1.60 0.71 2.08 1.77 5.85 235.00 9.50 10.45 0.99 6.50 1.41 0.50 3.70 14.00 2.57 12.10 3.40 2.24 3.11 76.00 104.00 70.00 0.50 24.30 166.75 0.50 3.90
0.76 16.16 9.48 19.02 85.40 45.00 0.50 9.00 0.51 0.50 51.90 1.05 0.54 1.52 0.71 2.01 1.83 5.85 234.70 9.50 9.93 0.99 6.51 1.34 0.50 3.83 13.96 2.45 12.19 3.31 2.19 3.15 76.00 104.00 70.00 0.50 24.30 169.00 0.50 3.90
0.74 16.16 8.83 19.02 85.40 45.00 0.50 8.76 0.50 0.50 51.90 1.02 0.54 1.52 0.71 2.00 1.69 5.85 230.00 9.50 9.44 0.99 6.37 1.34 0.50 3.52 13.96 2.45 11.61 3.28 2.18 3.01 76.00 104.00 70.00 0.50 23.15 169.00 0.50 3.80
0.76 16.16 9.48 19.02 85.40 45.00 0.50 8.76 0.50 0.50 51.90 1.05 0.54 1.52 0.71 2.01 1.83 5.85 234.70 9.50 9.44 0.99 6.50 1.34 0.50 3.80 13.96 2.45 11.67 3.28 2.18 3.15 76.00 104.00 70.00 0.50 23.70 169.00 0.50 3.80
-0.01 0.00 0.19 0.00 0.40 0.00 0.00 -0.94 0.00 0.00 0.00 0.00 0.00 -0.08 0.00 -0.07 0.06 0.00 -0.30 0.00 -1.01 0.00 0.00 -0.07 0.00 0.10 -0.04 -0.12 -0.43 -0.12 -0.06 0.04 0.00 0.00 0.00 0.00 -0.60 2.25 0.00 -0.10
-1.30 0.00 2.05 0.00 0.47 0.00 0.00 -9.69 0.00 0.00 0.00 0.00 0.00 -5.00 0.00 -3.37 3.39 0.00 -0.13 0.00 -9.67 0.00 0.00 -4.96 0.00 2.70 -0.29 -4.67 -3.55 -3.53 -2.68 1.29 0.00 0.00 0.00 0.00 -2.47 1.35 0.00 -2.56
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
1,084,918 274,963 734,014 500 186,235 25,453 5,000 908,570 2,706,100 9,000 33,738 5,121,978 26,000 601,612 118,000 2,638,260 360,800 100 278,205 150,724 5,588,268 500 6,655,042 62,984 1,500 581,452 178,804 200,000 64,052,564 3,543,300 3,856,112 1,599,582 100,800 1,488 69,634 2,750 21,473,688 55,561 30,000 1,491,623
813,666.00 4,353,149.50 6,696,583.50 9,275.00 15,671,599.00 1,097,472.50 2,500.00 7,999,327.50 1,354,493.50 4,500.00 1,663,620.75 5,226,803.00 13,530.00 917,170.25 83,280.00 5,287,498.00 619,360.00 556.00 64,137,140.00 1,403,509.62 53,792,748.00 475.00 42,815,772.00 84,678.56 750.00 2,134,447.25 2,496,468.75 490,000.00 755,984,704.00 11,641,676.00 8,417,961.00 4,953,980.50 7,373,391.00 147,014.41 4,874,391.50 1,375.00 504,260,288.00 9,381,164.00 15,000.00 5,743,524.00
14
Saturday Newswatch, March 15, 2014
NSE Daily Summary (Equities) at 14/03/2014 Symbol
Opening Price
High
Low
Closing Price Change (+)
% Price Change
Trades
Volume
Value
IKEJAHOTEL INTBREW INTENEGINS IPWA JAPAULOIL JBERGER LEARNAFRCA LIVESTOCK MANSARD MAYBAKER MBENEFIT MOBIL MRS MULTITREX MULTIVERSE NAHCO NASCON NB NEM NESF NESTLE NIGERINS NIWICABLE NNFM NPFMCRFBK OANDO OASISINS OKOMUOIL PAINTCOM PHARMDEKO PORTPAINT PREMPAINTS PRESCO PRESTIGE PZ REDSTAREX ROADS ROYALEX RTBRISCOE SKYEBANK SOVRENINS STACO STANBIC STDINSURE STERLNBANK TANTALIZER TOTAL TRANSCORP TRANSEXPR UAC-PROP UACN UBA UBCAP UBN UNHOMES UNIC UNILEVER UNITYBNK UNITYKAP UNIVINSURE UPL UTC VITAFOAM VONO WAPCO WAPIC WEMABANK ZENITHBANK
0.66 27.01 0.60 0.61 0.50 75.00 1.72 3.69 2.25 2.04 0.50 120.90 54.44 0.50 0.50 5.41 12.54 145.50 0.78 552.20 1026.35 0.50 0.50 22.01 0.78 16.63 0.56 42.00 1.90 1.57 5.13 10.93 43.00 0.58 34.00 4.40 8.46 0.60 1.35 3.77 0.50 0.50 20.18 0.50 2.26 0.50 166.05 4.04 2.75 20.10 65.00 7.24 2.48 10.05 0.50 0.50 47.00 0.50 0.50 0.50 4.08 0.54 4.50 1.66 112.50 0.88 1.07 22.08
0.69 26.85 0.57 0.61 0.50 75.00 1.72 3.69 2.25 2.04 0.50 120.90 54.44 0.50 0.50 5.41 12.35 146.00 0.77 552.20 1026.35 0.50 0.50 22.01 0.78 16.20 0.58 42.00 1.90 1.57 5.13 10.93 43.00 0.58 34.00 4.40 8.46 0.59 1.35 3.76 0.50 0.50 19.50 0.50 2.21 0.50 166.05 4.02 2.75 20.10 65.00 7.12 2.42 10.19 0.50 0.50 47.00 0.50 0.50 0.50 3.88 0.54 4.28 1.66 113.00 0.81 1.02 22.00
0.66 25.71 0.57 0.61 0.50 75.00 1.72 3.69 2.25 2.04 0.50 120.90 54.44 0.50 0.50 5.14 12.35 145.00 0.75 552.20 1026.35 0.50 0.50 22.01 0.78 16.15 0.54 42.00 1.90 1.57 5.13 10.93 43.00 0.56 34.00 4.40 8.46 0.58 1.35 3.76 0.50 0.50 19.50 0.50 2.15 0.50 166.05 3.92 2.75 20.10 65.00 6.95 2.37 9.90 0.50 0.50 47.00 0.50 0.50 0.50 3.88 0.54 4.28 1.66 111.00 0.80 1.02 21.38
0.69 25.71 0.57 0.61 0.50 75.00 1.72 3.69 2.25 2.04 0.50 120.90 54.44 0.50 0.50 5.14 12.35 145.50 0.75 552.20 1026.35 0.50 0.50 22.01 0.78 16.15 0.58 42.00 1.90 1.57 5.13 10.93 43.00 0.58 34.00 4.40 8.46 0.59 1.35 3.76 0.50 0.50 19.50 0.50 2.20 0.50 166.05 4.00 2.75 20.10 65.00 7.02 2.40 10.19 0.50 0.50 47.00 0.50 0.50 0.50 3.88 0.54 4.28 1.66 111.00 0.80 1.02 21.38
4.55 -4.81 -5.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.99 -1.52 0.00 -3.85 0.00 0.00 0.00 0.00 0.00 0.00 -2.89 3.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.67 0.00 -0.27 0.00 0.00 -3.37 0.00 -2.65 0.00 0.00 -0.99 0.00 0.00 0.00 -3.04 -3.23 1.39 0.00 0.00 0.00 0.00 0.00 0.00 -4.90 0.00 -4.89 0.00 -1.33 -9.09 -4.67 -3.17
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
654,700 555,548 534,937 59,669 1,266,350 7,291 8,000 210,000 3,000 16,439 1,000 18,837 100 53,816 33,333,333 550,389 192,008 780,572 5,964,810 250 78,943 10,000 10,000 2,000 86,000 4,602,633 4,628,960 78,609 10,000 354 7,110 20 38,300 1,010,051 158,058 264,000 125,934 212,000 8,272 1,463,804 1,000 1,000 1,451,612 3,000 10,359,778 10,000 22,810 17,176,903 1,250 76,662 272,241 23,917,848 291,474,979 1,514,968 109,000 1,000 85,818 39,746,030 1,500 10,000 489,461 55,048 145,520 11,000 3,192,152 1,064,273 1,299,333 15,048,843
436,527.00 14,595,012.00 305,068.47 34,608.02 633,175.00 519,483.75 13,120.00 756,798.81 6,650.00 33,536.46 500.00 2,237,860.00 5,172.00 26,908.00 16,666,666.00 2,865,122.50 2,371,737.00 113,651,328.00 4,499,695.50 131,147.50 78,791,488.00 5,000.00 5,000.00 41,820.00 67,080.00 74,405,688.00 2,508,878.50 3,162,777.25 18,100.00 555.78 35,550.00 207.80 1,591,534.00 575,648.56 5,112,945.00 1,166,220.00 1,118,293.88 123,555.85 10,670.88 5,508,567.50 500.00 500.00 28,295,912.00 1,500.00 22,568,112.00 5,000.00 3,792,351.50 68,408,808.00 3,275.00 1,491,482.25 17,618,010.00 167,219,744.00 705,296,832.00 15,218,924.00 54,500.00 500.00 3,879,030.25 19,873,016.00 750.00 5,000.00 1,905,277.12 29,724.96 607,339.38 17,380.00 360,121,312.00 852,168.38 1,326,490.50 324,163,040.00
0.03 -1.30 -0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.27 -0.19 0.00 -0.03 0.00 0.00 0.00 0.00 0.00 0.00 -0.48 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 0.00 -0.01 0.00 0.00 -0.68 0.00 -0.06 0.00 0.00 -0.04 0.00 0.00 0.00 -0.22 -0.08 0.14 0.00 0.00 0.00 0.00 0.00 0.00 -0.20 0.00 -0.22 0.00 -1.50 -0.08 -0.05 -0.70
15
Saturday Newswatch, March 15, 2014
Politics
Expectations in Anambra as Obiano takes charge March 17 Alphonus Eze, Awka
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16
Saturday Newswatch, March 15, 2014
Politics
Tasks before Obiano Continued from Page 15
tribunal. Delivering the ruling, Justice Akintola Akinniyi of the * * & * * registration brought against the governor-elect.
* * * * Âź governor-elect. The tribunal equally struck out the application of Dr. 5 *
' & * as a party to the petitions * + * * * * party before the election, since + 4 * Chief Maxi Okwuâ&#x20AC;&#x2122;s faction of the party. Most of the petitioners who are challenging the emergence 5 * to have been hinging their hope of success on the prospect of the tribunal nailing the governor-elect on the allegation + * * registration, which is a criminal 9 % 0 + * the petition by Senator Ngige * registration against Obiano. But the ruling on the application of Obiano praying the tribunal to strike out aspects of the petition, * * $ % + #
* * * š averments on the issue of multiple registration have *
* * an Otuocha High Court in the state,â&#x20AC;? which makes an abuse of court process for the 4 *% * is clear that in the Electoral Act, multiple registration is 9 in the present circumstance, *
* *# therefore, supplying false 0 * * Electoral Commission (INEC) * Âź a person from contesting an elective position unless a court * * Âź
person. / * 1 Akinniyi, the issue of multiple * * * * 4 # * š & * %
â&#x20AC;&#x153;Consequently, that paragraph of the election petition relating to pre-election 4 # * 9 * paragraphs is hereby struck out.â&#x20AC;? # * # ** * / / * supporters of the governorelect, particularly the national chairman of APGA, Chief Victor Umeh, who in his # * + the tribunalâ&#x20AC;&#x2122;s rulings, they ! " * * * * issue against the governor # * + clear for his swearing-in on March 17. * * * registration which the opposition group has been hinging their petitions on. * + 4 * *& * * Otuocha High Court in / 2 * * Obiano, the tribunal also
* + 5 Z + * of court process if it goes into it.
* # tribunal has emphatically * 5 + in breach of any law as the * * in their petitions, stressing that * * * way of Obiano being sworn in as the next governor of Anambra State. + * * + people who have been to various courts in the country, / & * /+' # + * + *& * 4 %
* + * + * * Obiano to various courts until * *% Obiano, expressing pleasure over the rulings of the court, * + * & * & \ > * 4 & * * political opponents over his victory in the November 2013 governorship election. 2 + * + * victorious from the tribunal, 5 # + # * satisfaction in the way the * * 4 % *
Obiano
Umeh
* tribunal funny, hence one * # 3 ' # * * newsmen penultimate week + * * the appel court to challenge some of the rulings of the tribunal. # & # * that they were going to contest * * * ' their copies available to enable * 3 Appeal. * * & 3 5 # 0 3 * / /# Dr. Onyechi Ikpeazu (SAN), 3 /* /+ !2/ " * 3 ' Ikweto (SAN) respectively over some paragraphs in the Z 9 * paragraphs were pre-election 4 + provisions of the Electoral Acts, ' * & * * Âź struck them out. The paragraphs of Ngigeâ&#x20AC;&#x2122;s ' * those urging the tribunal to nullify Obianoâ&#x20AC;&#x2122;s victory on * + Âź
* + * * multiple registration in the * INEC false information. Other paragraphs of Ngigeâ&#x20AC;&#x2122; petition struck out by the * & * Z + * * + * allegations against some / / * + &
Obi
Ngige
* * % Z + + * the rulings as miscarriage of & # * # the tribunal ought not to have struck out the paragraphs at the # + * 4 * % Moreover, if what we are hearing from the grapevine * * relationship between Obiano * * * * 5 anything to go by, the honey moon will be over very soon. / * causing ripples between Obi * 5 * the local government election * of over 7,000 workers for the stateâ&#x20AC;&#x2122;s civil service, * schools at the twilight of Obiâ&#x20AC;&#x2122;s * % 5 *
government would continue to work for the drilling of oil and gas in the Anambra basin that would offer tremendous economic opportunities for the people
+ * * + * barely two months to his exit as these are seen as clear 4 5 Z * because the allocation to the local governments will not 5 * # * + salaries to the over 7,000 new + ' + + 9
* performance. After all, these were the 5 * * & * + * *
* + ' for almost seven years of his * % 5 + * be happy with the way Obi has
* * in the last few months prior to his exit as these are the monies * incoming governor. * * governor-elect, Dr. Nkem 5' ' # * * * * * % # * * those who have been talking of * +
5 * 5 + imaginations.
* in APGA let alone quarrel +
5 * 5 # stressing that APGA as a party * * * *% Reacting to allegations that 5 Z *
was to empty the treasury so that the incoming governor will not have enough resources to
' * & / 2 # *
* 5 * * borrow money from any bank + * * country.
* * * ' 1 * * * + money from any bank, ** + + engaging in such unnecessary + * * exist. * * 5 * * + * * $ žĂ&#x152;# * * + is the revenue accruing to his * % The APGA national chairman Continued on Page 79
17
Saturday Newswatch, March 15, 2014
Politics
Ahmadu Bello Airport, pride of Kebbi youths â&#x20AC;&#x201C; Nayaya The newly-upgraded Birnin Kebbi premier of Northern Nigeria, Sir
! " # $ $ AYO OJOGE " $ % % #
$& $
A
s the chairman of Kebbi State Youth Council, how do you receive the news of the upgrade of the airport to an international standard? To start with, let me commend the foresight of the governor of Kebbi State for his wonderful performance in every sector of the economy. I believe the idea of expanding the airport to its present status was informed by the need to open up the state to the outside world, promote our * + * 4 more investments to the state.
such investment considering its proximity to the international airport in Sokoto? Kebbi is blessed with a unique position on the landscape of Nigeria. It is a state sharing two international boundaries - with Benin Republic and the Republic of Niger. The volume of trade across the two boundaries is very enormous. Most of the businessmen in Kebbi State have one kind of business or the other in either Benin or Niger Republic. There
relations between Kebbi State and these two countries. In addition, over 60 per cent of the state is covered by a land mass suitable for both dry and rainy season farming activities. Therefore, you can imagine the volume of agricultural produce and other commodities coming out of Kebbi for both the domestic and international markets. 0 * properly coordinated, the airport will be a beehive of activities all year round with exports of products such as onions, garlic, beans, cassava * 4 + commodities of international demand. What other services are
you expecting the airport to provide? Apart from the need to become an export and import hub, the airport is also suitable * > destinations in the country and even beyond considering the ultra-modern equipment installed in it. Aeroplanes can * * ' 9 + ease at all times of the day or nights. The facilities at the airport are capable of handling all transactions, services and goods. All manners of aircrafts from light helicopters, choppers; airbuses to Boeing 747- can land there safely, having been fully
* and international agencies. How can the youths of Kebbi
This I believe will be complimenting the efforts of Governor Saidu Dakingari in economic empowerment, income generation, youth employment and the maintenance of peace in the state
Politics Imminent change brings freedom to Kwara By Tajudeen Kareem
T
Gov. Dankigari This airport project is the pride of the youths in the state because very soon it will be put to use for the Hajj exercise and majority of those going on pilgrimage every year are the youths. It will be a welcome relief from going to board an aircraft for either Hajj or any other destinations in other states. Equally, majority of > 2 ' Airport to various destinations are Kebbi State indigenes; so it is a welcome relief to the entire youths. Similarly, when it commences full export activities several employment opportunities, ranging from transportation, communication, warehousing, menial labour, catering and other forms of services will be provided. It will be a beehive of activities all year round I believe. What appeal do you have for the government and the people of Kebbi State, especially the youths? Now that the new Sir Ahmadu Bello International Airport has come to stay in Birnin Kebbi, I am appealing to the people of Kebbi State to support the project by making optimal use of it. It should be protected from vandals; they should give it all the support needed for it to succeed. Since most of the rural areas are linked with good roads, and have been hooked to the national grid, coupled with the state governmentâ&#x20AC;&#x2122;s incentives to agriculture, the airport will no doubt be properly utilised to export agricultural products from the state to the international market. This I believe will complement Governor Saidu Dakingariâ&#x20AC;&#x2122;s
9 empowerment, income generation, youth employment and the maintenance of peace in the state.
he punches were well measured and clinically delivered. The message was clear and loud. Kwara State is on the threshold of a change; change from the grips of predatory politics and god-fatherism in 6 % 0 # the train of change left its station 4 + the demise of the strong man of Kwara politics, Oloye Olusola Saraki on November 14 last year. Last Monday, it arrived at its major terminus - the Metropolitan Square, Ilorin, built by his son, Dr. Bukola Saraki. The Peoples Democratic Party (PDP) had rolled out its machine * 4 * * President Goodluck Jonathan and top members of the party to welcome returning and defecting politicians to the PDP fold. The event sent fear into the camp of the opposition All Progressives Congress (APC), which had * * + 4 down the impact of the gathering * % + looking back at the large crowd and the ecstasy which enveloped the city, the APC in cahoots with the state government may have literally dug its grave in Kwara State. There were powerful speeches laced with innuendoes, but all resonant with the liberation of the state from a few opportunists who had, in the last 10 years, ran the state treasury like a personal estate. But the most poignant message was delivered by a seemingly evasive politician, Senator Simeon Ajibola, representing Kwara South senatorial district at the upper chamber. The thousands of PDP supporters at the rally, he postulated, is indicative of the fact that no single individual can presently boast of having dominant control over Kwara politics.â&#x20AC;&#x153;Mr. President, you can see now that Kwara remains a PDP stronghold. Those who claim to control politics in this state are mere media tigers,â&#x20AC;? he asserted. As early as 7 am, men and women dressed in fabrics made
Gov. Abdulfatah
in PDP colours began arriving at the square for the rally which started in earnest with the arrival of President Jonathan at noon. By 10.30 am all the available seats at the arena had been fully occupied even as hundreds lined the entrance in multiple columns trying to pass through security screening. From the Ilorin Airport through Gerin Alimi to Oja Oba, many lined the routes waiting to catch a glimpse * 1 + visited the Emir of Ilorin, Alhaji Sulu Gambari at his palace. That was part of the crowd the APC derisively alleged were rented from neighbouring states, including Lagos, to welcome the President in Ilorin. The crowd-renting theory is indefensible considering the fact that PDP had a week earlier staged a test-run rally to measure its popularity in the state. That earlier rally on a Sunday, at the Lower Niger River Basin /
* + a great success, uniting major political gladiators in the state under the PDP umbrella. The 4 * + # and authentic, but the opposition APC pretended it wasnâ&#x20AC;&#x2122;t important; although spies were sent with video cameras to record the event for â&#x20AC;&#x2DC;forensic analysisâ&#x20AC;&#x2122; at the Government House the next day. The organisers of the rally believed that but for the presence of President Jonathan, the hawks holding power in Kwara would have disallowed the PDP to use the square for that event. In its desperation to keep the crowd away from the rally, the state government same day organised a phantom empowerment programme to distribute taxi cabs. The APC also directed its members to hold ward meetings across the state. Caretaker chairman of the PDP in state, Mr. Solomon Edojah, was heard threatening court action against fuji musician, Saheed Osupa, for cancelling his performance at the rally after collecting mobilisation
% * > the APC on the singer. On the eve of the Presidentâ&#x20AC;&#x2122;s visit, the opposition party suddenly erected its billboards along the routes to be plied by the President. It also printed large quantities of its posters, apparently to cover those earlier pasted by the PDP, welcoming its guests. The police had to step in and prevent a direct confrontation between the two groups.
18
Saturday Newswatch, March 15, 2014
Politics
Akpabioâ&#x20AC;&#x2122;s senatorial ambition is peopleâ&#x20AC;&#x2122;s quest â&#x20AC;&#x201C; Aide we only hear the sirens in the press. They may never have a foothold in Akwa Ibom State because we have a sophisticated political class.
Aniete Ukpe is the Chief Press Secretary/ Senior Special Assistant on Media to Governor Godswill Akpabio of Akwa Ibom State. In this interview with Assistant Politics Editor, MANSUR OLADUNJOYE, he opens up on various issues including the 2015 senatorial ambition of his boss and the various projects. He described Akpabioâ&#x20AC;&#x2122;s senatorial ambition as the project of the people of Ikot Ekpene district. Excerpts:
T
here is an allegation that ! " !
#
& ! " *
+ $ - . *
$ ) &
Those saying that are begging the question. Governor Akpabio has said repeatedly that it is the turn of Eket senatorial district to produce the next governor. His position is based on justice, equity and fairplay Ă? 4 * the people and mark him out as a statesman. Eket senatorial district is the only senatorial district that has never produced a governor in the 26 years of Akwa Ibom State. In line with the principle of zoning and
# # # and proper for the Eket senatorial district to have a sense of belonging Ă&#x201E; 6 %
Z & position. Secondly, considering his antecedents and contributions to the banking industry, Mr, Udom is
Âź
* governor of Akwa Ibom State. He is from the Eket senatorial district. He shone like a thousand stars in the banking industry and rose to the top echelon of the industry by deploying /'+ 0 4 # honesty and diligence. He is doing an excellent job as the Secretary to the State Government. He commands great respect throughout the length and breadth of the state. The fact remains that Akpabio is imbued with democratic spirit and would not impose anybody on the state. He is too much of a democrat. He wants all Akwa Ibom people to be involved in the exercise of choosing their next governor and ensuring that the legacies he is leaving behind are in safe hands. ' Ă&#x17D; Z afraid of something else that they 9 * % What are they afraid of? It is that the governor is so extremely popular that if he endorses, winks at or smiles at any aspirant, the people will immediately gravitate towards * + * over for them? So, they would want him blindfolded and gagged so that the people would not know what he thinks. But that is not possible. In every democracy, all citizens have the right to endorse anyone â&#x20AC;&#x201C; even media institutions, in spite of their strict code of impartial reporting, at times endorse candidates. When Governor Akpabio visited the new Peoples Democratic Party (PDP)
chairman, Alhaji Adamu Muazu, he said the chairman should disregard metropolitan politicians in Abuja, who cannot win elections in their wards. Who are the metropolitan politicians? It was a general statement. What the governor is saying is that if you want to contest in Akwa Ibom State, you should connect with the people in Akwa Ibom - not in Abuja. Politics is about selling yourself to the electorate - not selling yourself to Abuja. I am using Abuja here as a generic term. Home is where you * 4 # / & % 4 * /'+ Ibom, and you cannot win in Akwa Ibom by telling stories and making propaganda in Abuja. You cannot plant a farm in Abuja and harvest in Akwa Ibom. So, if you want to reap in Akwa Ibom, come and plant here in Akwa Ibom. It is as straight cut as that. Some stakeholders fear that the governor may not allow a level playing ground for the contest? That the governor will not allow a
* % / + ' + 4 that he goes by the rules. PDP has its rules pertaining to the conduct of primaries and the governor will *
4 /'+ 0 2 % @ ' 0 * earlier, their fear is that the governor has a surfeit of goodwill in the politics of Akwa Ibom State. They forget that the governor is a citizen of Nigeria and based on his human and constitutional rights, he can relate with whoever he wants to relate with and endorse anyone he wants to, just as they can also relate with or endorse whomever they want. But they want to reserve the right to endorse whoever they please and deny the governor the right to endorse anyone. Right now, the governor has not endorsed anyone, but their blood pressure is already going haywire. Endorsing someone does not break the law or uneven a level
*% / presidential election, popular presidents endorse candidates. It is only unpopular presidents who could not endorse anyone, because their support would be counterproductive. There is a moral side to this discourse. If a saint were to contest an election against a tout, I am certain that you would consider it a moral obligation to society to endorse the saint. That is why they are coming up with abstract concepts like â&#x20AC;&#x2DC;level
*Z * Ă&#x17D; %Z
Ukpe are afraid of how the people love and revere the governor. Endorsement is not imposition; so if anyone endorses anyone he does no wrong. Even the media, like the New York Times, among others, endorsed President Barack Obama in 2012. Foreign personalities like President Hugo Chavez of Venezuala and the British @ * * * # $ / 4# * * 5 openly. So, what is wrong with endorsement if it comes to that? Some governorship aspirants are claiming that they have
! "
# " $ %
"
& & "
'((( $ )
& "
In Akwa Ibom State there is *
+ have 2000 students to one teacher. How many students do we even
In 2007 the people knew which side their bread was buttered, and in race with almost 60 aspirants with one such aspirant sponsored by the then incumbent governor, they voted for Governor Akpabio. Akwa Ibom people have seen the light of good governance in Governor Akpabio and they would not go back into darkness
have in each school that we will have 2000 to one teacher? If you believe this asinine hyperbole it would mean that you multiply this number by six classes in primary school and you end up with 12,000 students in a primary school and about 16,000 in a secondary school. This is an egregious and ridiculous falsehood. One is quite shocked at the extent some people go to purvey * * % free and compulsory education has led to school enrolment being tripled. Consequently, a lot has been invested in the training and recruitment of teachers and in the building\ rehabilitation of school buildings. The success of the educational policy of this administration has received global plaudits. It is disingenuous to
' * reasons. ! " #
&
*
* % @ ' 0 *# is the people of the senatorial district + 9 * % / * % When the intent is the demand and desire of the people, who you ought to make the declaration to, then the narrative has to change. A formal declaration would be done at some # right now it is a mass movement in action by the people of his senatorial district to send someone there who would give them the best possible representation. Governor Akpabio is pleasantly surprised and overwhelmed by the level of support he enjoys from his people and their kind sentiments. & #
the All Progressives Congress (APC)
1 232
The APC is not politically on ground in Akwa Ibom State. In the last election, how many local government areas did the defuncct Action Congress of Nigeria (ACN) win? Two out of 31, and they won the two by very narrow margins through the intimidation and harassment of voters sympathetic to the PDP. The APC is like a passing ambulance â&#x20AC;&#x201C;
) "
&
# 4 5
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What the governor has done in Akwa Ibom State is phenomenal and awesome. If we were to follow the normal trend of governance, it would have taken over 50 years to achieve what we have achieved in just over six years through Governor Akpabio. The roads that he has constructed have a guarantee of over 15 years. We are talking about over 330 roads, ½X * * > % Someone, in consideration of the quality of the roads, described them as runways. All his projects are of world class standard, architectural masterpieces. Is it the airport that you want to talk about? It has one of the longest runways in the country. The airport has broken aviation records. Is it & ' # its kind in Africa? Is it the free and compulsory education programme? That was what the late Chief Obafemi Awolowo did in the West when some people in the East and North said it was not working. But now history has proven that it worked. It is working * Z
' * anymore in the streets hawking. With this programme, children of the poor now have access to quality education. That programme is a phenomenal success. Experts like Professor Wole Soyinka have commended it. The international stadium project will be completed this year and it is the best in West Africa. There are so many programmes. The Tropicana Entertainment Centre, a one-stop,
* + completed this year. If you talk about all the projects of Governor Akpabio, you will certainly be indicted of 4 \ accused of exaggeration â&#x20AC;&#x201C; they are simply too many of them. They are too many for you to talk about all of them in one day. ) 232
& ! "
#
The choice is that of the good people of Akwa Ibom State. The party certainly will serve as a springboard for the wish of the people to be expressed. Akwa Ibom people are intelligent. It is not possible to fool the people. If it were possible to fool them, perhaps, the ACN would have succeeded in 2011 when they mounted the most bizarre propaganda the world had ever known in peace time. Despite all the ACN propaganda in 2011, the people still voted for Governor Akpabio and + Ă&#x17D; * %Z 0 2007 the people knew which side * + 4 *# * race with almost 60 aspirants with one such aspirant sponsored by the then incumbent governor, they voted for Governor Akpabio. Akwa Ibom people have seen the light of good governance in Governor Akpabio and they would not go back into darkness.
19
Saturday Newswatch, March 15, 2014
Opinion OUR VISION To support Nigeriaâ&#x20AC;&#x2122;s quest for justice through intellectual approach
Saturday Newswatch www.mydailynewswatchng.com
OUR MISSION
-Tradition built on Truth
To fight for justice using intellectual approach, balanced, indepth reporting; providing a veritable platform for Africaâ&#x20AC;&#x2122;s growth, deploying our God-given talent and resources through enduring commitment and loyalty that will justify public confidence
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Letters to the Editor
Dwindling LAGBUS/BRT operations
P
ermit me a space in your widely read newspaper to express my views on the operations of the Lagos Bus (LAGBUS) and the Bus Rapid Transit (BRT). The introduction of these transport system in the state brought a big relief to numerous commuters in Lagos State. Many commuters had for long given up the idea of travelling with the yellow buses alias Danfo, because of the comfort and/or respects they derive + % From the outset when the Governor of Lagos State Babatunde Raji Fashola rolled out BRT, he outlined * %
* it categorically clear that Lagos commuters will
* 9 Ă&#x17D;$ Z * Ă&#x17D; Z% In Molue and Danfo, passengers occupy all the seats with many standing even at the doors while others even hang precariously at the edge of the high speeding vehicles. Today, the aim of the governor in introducing a transport system run the way London municipal bus services are run have been defeated. It is unfortunate to note that BRT managers lack knowledge of managing a transport system of such magnitude. * + * * 4 passengers for standing, thereby exceeding the capacity of the bus, this has been responsible for the many breakdowns in transit. Not only that, the buses
are also used to carry market women who pack their heavy wares on the walkway of these vehicles thereby ' * 6 * + respective bus stops. The management of LAGBUS and its workers are 4 organisation. The chairman is always on hand to
% + # +
+ + 4 * of its workers towards customers. For example, at the Berger Park in Ojodu, there are two notorious troublemakers, all of them women. One of the women is huge with big tits while the other is slim and light complexioned. These duo insult and assault passengers at any given opportunity; they are not amenable. What had been the bone of contention is the allocation of buses to the two routes, CMS and Leventis. Each morning, the bosomy lady will be at the + Z * 3$2 Z @ % * '# Ă&#x17D;+ # + * Ă&#x2018; 2 + react angrily; abusing all Leventis bound passengers even to the point of trying to engage someone in physical confrontation. This lady has proved to be a * > # *
* * + Leventis bound buses should be provided. M.C. Emejuiwe, Ojodu Berger, Lagos.
Jonathan and women empowerment S By Jummai Calebs
* # $ Ă&#x201C;# ½XžĂ? + Z 0 Z # + + * žQžž% The celebration is a reminder of the plight of women all over the world while it marks their economic, political and social achievements. In history, even among the most socially advanced nations of the world, the status of women was always seen as inferior to that of men. Not only were + Z * # + + # # totally excluded from participation in certain activities. All that is now changing fast! The 1995 International Z 3 # * & # + turning point for women. The Conference ended with + + * Ă&#x17D; & * / Z# * * žĂ&#x201C;Q # including the developing nations of Africa. Nigeria was * + Z + and gender equality. Before Beijing, social consciousness among Nigerian women could be said to be virtually non-existent. We knew of women leaders/activists, like Queen Amina of Zaria, Funmilayo Ransome-Kuti, Flora Nwapa, Margaret ' * & 2 + % 5 # + ' + / Z žQ½Q# + was one of the very few struggles for the liberation of womanhood in Nigeria, if not Africa. It is however, wrong to give the impression that since then, Nigerian women have been politically docile or socially inactive, either collectively or individually. There have been other notable Nigerian women leaders and role models such as Kudirat Abiola, / # /+ # & # mention but a few. Since inception of the current democratic dispensation in 1999, the Nigerian political space has been enlarged for the participation of women who now occupy key positions in the legislative, executive and judicial arms of government. Again, the list is long and the careers are assorted â&#x20AC;&#x201C; Justice Aloma Maryam Mukhtar, Chief Justice of Nigeria, Dr. Ngozi Okonjo-Iweala, Coordinating Minister for the Economy and Minister of Finance, female deputy governors in a number of states, ministers, ambassadors, commissioners, permanent secretaries and directors in the Federal as well as state Civil 2 % 0
* Z sector and the informal economy, especially the small and medium scale business sectors are dominated by women.
What is striking is that it is under the Jonathan * + 4 * Z # * % * 1 Z Agenda contains a National Gender Policy which it mainstreams into all aspects of government planning and development. A major component of that policy is women
+ %
#
' success in the creation of awareness on the participation of women in politics. Not only has a Political Trust Fund been established to provide support to women aspirants willing to participate in general elections, a database of women political aspirants has also been created. 1 Z * * + Z government from 10 percent in 2011 to over 33 percent in 2013, with the appointment of 13 female ministers out of 42, representing 31 percent and 4 special advisers out of 18, representing 23 percent. These appointments have set the 4 $
Goals (MDGs) target number three on Gender Equity and Women Empowerment. Outside politics, two micro-credit schemes have been set up to assist women: (1) the Women Fund for Economic Empowerment (WOFEE), in collaboration with the Bank of Agriculture and state governments and (2) the Business Development Fund for Women (BUDFOW), in collaboration with the Bank of Industry. The two schemes are revolving facilities with an interest rate of 10 percent. 0 ** 9 # Ă&#x152;Ă&#x152; ' Âź have been constructed and equipped across the country to increase income generation through job creation for women, especially at the grassroots level. A recent research, conducted and published in a book, titled: Goodluck Ebele Jonathan, Champion for Women, shows that Nigeria ranked 23 out of 188 countries studied, in terms of women mobilisation, appointment into positions, participation in governance and women empowerment.
To be continued next week
20
Saturday Newswatch, March 15, 2014
Opinion
Tinubuâ&#x20AC;&#x2122;s onslaught on Nâ&#x20AC;&#x2122;Delta amnesty By Michael Jegede
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07065574368
Irregularities that nailed Sanusi By Josephine Babatunde
Continued from last week / * 2 # + * *
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½XXQ# ž%½½Q ½XžX# Ă&#x152;%Ă Ă&#x152;à à ½Xžž * žĂ&#x2039; ½Xž½ + ** + * * ½Xž½ + žĂ&#x2039;%Xà ž "# / * * Ă&#x17D;3 0 2 Z ! Ă?%XĂ&#x152;Ă&#x201C; ½XžX# Ă&#x201C;%Ă Âş ½Xžž * ** X%ž½º ½Xž½"%¡ * * 3 # * +
* # * * * % # ' * * 2 * $ ! 2 $ " Ă Ă&#x201C;%½à à ½Xžž š ' ¡ +
2 $ ! " ½Q%Ă Ă&#x152;X % ** * 3 * * / ! X%ºžž "# / ! X%Ă?½º " * / * / ! ž%X½º " * + * % / * 3 # š / * > \ / * + 3 / / * / * / ½Xžž + Âź # * # * * + + + # * %¡ There are other areas of alleged fraudulent
* 3 Z % +
+ * 2 Z *
* + # + * 6 * * ' & + * ' * # + * # ' 3 # * * *# 9 2 * * # * + * * + + % 9
; < * = $
Concluded
21
Saturday Newswatch, March 15, 2014
Business & Economy
N30bn daily income loss as scars of fuel scarcity fester Abiodun Awogbemi
D
espite denials by regulators, operators, public and the government, fuel scarcity has persisted. Predictably, the situation may have had its hold on the economy. This is evident in the loss that almost crippled the economy. A crosssection of Nigerians believe that the scarcity was the machination of the government, with the aim of increasing the pump price of petroleum products. According to a transporter in Lagos: â&#x20AC;&#x153;The government has been looking for the opportunity to increase petroleum pump price in the guise of subsidy removal. Now with the former governor of Central Bank Sanusi Lamido Sanusi saga, the opportunity seems to have come.â&#x20AC;? The petrol marketers and tanker drivers, on their part, blamed the scarcity on the delay in the approval of fuel import permits by the Nigeria National Petroleum Corporation (NNPC), and warned that the situation could take weeks to normalise. But in reaction, the Federal Government said the scarcity was as a result of panic buying, which it claimed was unnecessary. What seemed like a joke snowballed into pains, anguish and losses to many Nigerians who depend on the product to do their businesses. According to reports, motorists in Kano accused petrol marketers of hoarding the commodity in order to # + * hardships on residents, and paralysing socio-economic activities in the state. *# stations were reported to have the commodity in stock, but preferred to sell to hawkers who in turn sell at exorbitant price to desperate buyers. ' ' * litres of Premium Motor Spirit (PMS) between N1,200 and N1,500 as against N500 before the scarcity which is still above the regulated pump price of N97 per litre. A ten-litre gallon of petrol, previously N1000, went up between N3000 and N3500. The Executive Secretary, Major Oil Marketers Association of Nigeria, Mr. Obafemi Olawore, explained that the stations across the country will take weeks to ease because the Petroleum Products Pricing Regulatory Agency
4^_^_` x{ |}}~ Â&#x20AC; `{x{~Â
(PPPRA) has failed to release import allocations to oil marketing and trading Âź year. â&#x20AC;&#x153;Even if the PPPRA should release the import allocation now, it would take about four weeks for marketers to bring the product into the country. The * Âź % + # now because it will take a minimum of three to four weeks to clear all the necessary papers needed before oil marketers can import products,â&#x20AC;? he said. But the Independent Petroleum Marketers Association of Nigeria !0 $/ " * 9 * # 4 cargo clearance delays on the high sea occasioned by security operatives. The President of IPMAN, Abdulkadir Aminu, said clearing processes adopted by the security agencies were time-consuming, leading to delays in Ă&#x2122; * * * %
* ships loaded with petroleum products were being delayed on the high sea. â&#x20AC;&#x153;The Nigerian Navy and other security personnel on the high sea have their own mode of operations 6 # *
4 + % â&#x20AC;&#x153;But to the best of my understanding, their delay in clearing the ships at the ports is what is responsible for the problem that the nation is facing today,â&#x20AC;? Aminu suggested. The scarcity, though ebbing, has * * 9
# * + ' Âź + to heal. A paint manufacturer said the loss
Banksâ&#x20AC;&#x2122; strangulating ter ms and conditions Pg. 23
to manufacturers was monumental, * Âź
* in moneytary terms. For instance, there was loss of man power due to shortage of fuel to power generators, absenteeism and lateness to work due scare transport, resulting in low productivity. The scarcity left several cummuters stranded at bus stops, to the mercy of the scorching sun, while those who * 9 * fares walked long distances. Narrating his experience, Mr. Bolanle Adewale, said he had to trek a long distance with his pregnant wife. â&#x20AC;&#x153;We had to trek a long distance as I didnâ&#x20AC;&#x2122;t have fuel in my car, and there was 6 * Âź stations. My wife almost gave birth at
The Petrol marketers and tanker drivers on their part blamed the scarcity on the delay in the approval of fuel import permits by the NNPC, and warned that the situation could take weeks to normalise
the road side. After delivery, I have to pay through my nose to take her home the third day. The experience of another Nigerian, /* # + * 9 according to him, he nearly lost his father who fell sick during the period. An analyst who divided the number of productive working days by the projected Gross Domestic Product (GDP) for the year said about N30 billion would have been lost every day due to the fuel scarcity, noting that an average of N30 billion would have been made daily if the product was available. A trader at Gatankowa Market, Lagos, Mrs. Theresa Okorie, said the period that the fuel scarcity lasted was terrible for her, as there was a lull in business because only few of them turned up. She also complained that even those who came bemoaned the high fares, and so could not make much sales, therefore, unable to pay her childrenâ&#x20AC;&#x2122;s school fees, prompting them to stay at home for four days. But transporters who were able to secure fuel for their vehicles are daily counting their gains and even pray for the situation to continue as they make more gains from fare charges. A taxi driver, Afolabi Tintin, said while the scarcity persisted, there were lots of passengers who were ready to pay any amount, especially car owners who were unable to procure fuel as they are not in the habit of haggling price. â&#x20AC;&#x153;So I made more than triple the amount I usually make before the fuel crisis. If this persists for a month, I will surely break even,â&#x20AC;? he said. An emergency road side petrol seller, Adebisi Olalere, said he gets his supply of fuel from his younger brother and a friend who work at a petrol station. â&#x20AC;&#x153;We get the products in the night and sell during the day. We make some + + + our backs because of possible raid from the police who harass us, and collect 4 + * ¡% During the fuel scarcity, there was loss of man labour hours as many workers do not get to their work places on time, and those that made it get exhausted, and have to relax for some time to balance emotionally. According to Lydia Ajani, â&#x20AC;&#x153;after waiting for hours at the bus stop and struggling to get a bus to my work place, I have to relax a bit as I am already tired. I also close early so as to % 5 4 Continued on Page 22
Cape Verde: Small, open economy with high per capita Pg. 75
22
Saturday Newswatch, March 15, 2014
Business & Economy Residents decry demolition of business premises in Kubwa
N30bn daily income loss as scars of fuel scarcity fester S Continued from Page 21
the evening, there is no power supply, because there is no fuel to power the individual power generating sets as majority of Nigerians provide their own power. How can one perform optimally at work the next day? A member of the Private Sector (OPS), while speaking to Saturday Newswatch, said, â&#x20AC;&#x153;We cannot asses the loss because we donâ&#x20AC;&#x2122;t have the data of the OPS and the informal sector, but the fuel scarcity has caused a monumental loss to the sector. Another manufacturer, Akpan Okoye, said there is no manufacturing company that was not negatively 9 * % â&#x20AC;&#x153;Each time there is strike or fuel # 9 most because there will be man hour loss, production loss coupled with electricity. Workers will be paid since 9# * # it is no fault of theirs. And if you want + ' # *
inviting industrial crisis which is
worst. A petrol station manager, Hazeez Oketuyi, said his fuel station do not have products to sell at the period which is unfortunate, but he has to pay the workers at the end of the month for the work they did not do. In seeking a possible way out, and to forestall a recurrence, the Organised Private Sector (OPS) has called on the Federal Government
to continue to sustain in the short term, private sector window which + * + #
as well as the supply of petroleum products in the country. In addition, the PPPRA should be restructured to
9 pricing of petroleum products to avoid the incessant increases in price by suppliers and distributors. This is because manufacturers who have converted their production processes to alternative usage such as natural gas are now counting their losses. Also, a petroleum products retailer in Lagos, Victor Ajadi, said in view of
+ ' optimally to meet local demands for petroleum products, resulting in the over dependence on import to meet local consumption, government should compel oil producing companies to produce an action plan for local
* country within a given time frame so that there will be zero importation of petroleum products.
Why banks record low turnout Johnmark Ukoko
T
he liberalisation policy of the banking sector in the late 80s brought with it â&#x20AC;&#x153;new generation banksâ&#x20AC;?. The new banks promised faster and innovative services. In other to remain relevant and compete favourably with the new banks, the existing banks embraced modernisation and new technology, and guard against the new banks which were * 9 * % The intensive competition which lasted to the early 2000s also led to the 4 * local banks by the regulatory agencies. The conditions set for the banks by the Central Bank of Nigeria (CBN) led to the reduction of the drastic reduction of banks from about 100 to the current 23 Money Deposit Banks (MDBs) in the country. In the last few years however, Nigerians have witnessed slow services * new generation banks alike contrary to the promise of a faster service delivery. Saturday Newswatch investigation at selected branches of First Bank Plc showed that the queue in the banking 4 \ + the bank are made to spend hours before 4 * * % A customer at the Oba Akran Estate, Ikeja branch, disclosed that he spend over an hour to cash a cheque, as against few minutes in the late 90s, when the ' + * * technology. The customer, who gave his name as Ayodele Sam, disclosed that he dread the idea of visiting the bank, as he sometimes spend about two hours on the Âź 4 * * %
Another customer at Access Bank Plc, Mr. Anthony Oshoma, told Saturday Newswatch that services at Access bank has also slowed down. Oshoma said he sometimes spend about two long hours on the queue, adding that some branches in the Island , Ikeja and Apapa areas of Lagos have the largest crowd in the banking hall. The source disclosed that a customer of one of the new generation banks slumped inside the banking hall sometime ago, having spent many hours on his feet. / * Partner of Crown Financial Services, Mr. Igho Ikeleku, disclosed that the slow services by the banks in recent years arose as a result of the obsolete nature of most technology deployed by the local banks in the 90s and early 2000s. According to him, sometimes one is told that the branch has no network, and this may last for many hours, thereby keeping customers waiting for hours unend. This problem applies to both the new generation and old generation banks. Ikeleku also said the massive reduction 'Z 9 ' the services the banks are rendering Nigerians in recent times. In his words, â&#x20AC;&#x153;The reforms in the banking sector swept many workers out of jobs. The banks have devised a strategy of reducing cost by employing outsourced employees, many of whom appear not to know the job as they
** * + computers while the queue gets longer.â&#x20AC;? * closure of some banks and the mergers of others have increased the numbers of bank customers. He added that the country is under banked, as many local government areas in the country has only one bank, while some others in some parts of the country have no bank. In his words, â&#x20AC;&#x153;It is only in Lagos, Abuja and Port Harcourt that banks are found
ome residents of Byazhin, Kubwa, Abuja, whose business premises were demolished by the Federal Capital Territory Administration (FCTA), have described the exercise as ``harshâ&#x20AC;&#x2122;â&#x20AC;&#x2122;. / 9 * * alleged that they were not given enough notice to enable them make alternative arrangements. Others lamented the loss of their business premises to the exercise, and complained + * 9 responsibilities to their family. Mr. Chika Ejiogu, the Pastor of Bethel Boamages Church, Byazhin, told the + +
* of the demolition plan. He said the plot where the church was erected was duly allocated to an individual, who willingly gave his consent for the church to use it. ``They came this morning and pulled * + + % Ă&#x161;Ă&#x161;/ # *
* that we can remove some of our property. This is unfair, and the government should come to our rescue,â&#x20AC;&#x2122;â&#x20AC;&#x2122; he said. Mr. Ggenga Ojo, a mechanic, whose shop was demolished, complained that the exercise had denied him a source of livelihood. ``They just came and started marking structures for the exercise. They even destroyed a vehicle that was parked here for repairs. ``We have been here since 2001 when this place was a bush. Now that we have succeeded in opening it up, they are evicting us. ``There are still large areas of bush left * * * \ * 4 #ZZ *% A spray painter, Mr. Samuel Odunayo, * 6 * * + room, and damaged some of his tools, adding that such actions could increase crime in the area.
Entrepreneur advises small businesses on use of social media
A Alade in every street. In some states of the North and in some parts of South-South, one needs to travel across two local governments before he could make bank transaction. Consequently, the few banks in those areas are always over crowded.â&#x20AC;? A lecturer at the Department of Banking and Finance of Lagos Polytechnic Mr, Idowu Oladosu in a chat with Saturday Newswatch, disclosed that the crowd and slow services Nigerians now experience in most local banks is as a result of the low morale of junior and the ** * 9# + * emoluments have been slashed in recent years, as a result of the meltdown and reforms in the banking sector. Oladosu disclosed that banking sector is no longer the prefer industry of new graduates, as a result of constant â&#x20AC;&#x153;right sizeâ&#x20AC;? and â&#x20AC;&#x153;down sizeâ&#x20AC;? ongoing in the % According to him, Nigerians should brace up to spend more hours in the banks, adding that the morale of most 9 +# * * * them to do their best.
n entrepreneur, Mrs. Precious Aremu, has said that the number of small businesses were declining because of their poor perception, and use of the social media. Aremu, who is the Chief Executive 56 3 # * Lagos that social media had the potential to % According to her, global businesses are becoming very dynamic, and called on interested entrepreneurs to harness the opportunities of social media to become globally competitive. â&#x20AC;&#x153;Since the world is witnessing increasing business innovations, entrepreneurs owe it as an obligation to key into the dynamics to reach the larger segment of the market. â&#x20AC;&#x153;These internet platforms can reach virtually almost all parts of the globe. â&#x20AC;&#x153;As this is one of the most recent ways and potent avenues of bringing out oneâ&#x20AC;&#x2122;s products to the globe, `` she added. She urged non-governmental organisations that promoted entrepreneurship to conduct regular workshops on ways to improve the distribution chain of young businesses. â&#x20AC;&#x153;The programme should be quarterly and must be more of new ideas on how to maintain the existing distribution chain,â&#x20AC;? he said. On patronage, she urged the state government to enact a bill to compel residents in Lagos to patronise small businesses in the bid to encourage their growth. She also said that sustained patronage of the emerging businesses would create more employment opportunities.
23
Saturday Newswatch, March 15, 2014
Business & Economy
Banksâ&#x20AC;&#x2122; strangulating terms and conditions Abiodun Awogbemi
I
t is obvious that before any banking transaction begins, there are basic rules and conditions a customer must meet. However, this is not reciprocated because the customer is not in a position to determine terms and * + ' % When an account is being opened or when a customer wishes to borrow money from a '# * * # + 4 4 + *# + customer has to meet. Mrs. Akolade Abibat, a would-be bank customer, had narrated how she walked into a bank requesting to open a savings account. š0 + * 6 * and conditions outlined, and I immediately asked for permission to take the form home * # 6 declined, explaining that the form needed to be
* * 4 * %¡ Saturday Newswatchâ&#x20AC;&#x2122;s visit to Zenith Bank, Abule Egba, Lagos, reveals that to open a savings account, one is expected to make an initial opening deposit of N20, 000, submit two # * * % $ are however, of the opinion that this process is to deny customers access to the terms and conditions before entering the contract. A customer who asked what happens if at the end of the day, he is not comfortable with the terms and conditions was told by the 6 * > customer had ever complained about it. Another bank customer, Owolabi Sunday, who said he had never bothered to read the terms and conditions to know what is required, complained that frivolous charges are always deducted from his account at the end of every month. At the First Bank, Abule Egba branch, individual account opening form is accompanied with First Bank Life Assurance + # and submit without knowing the implication. Mrs. Biola Fakoya, a First Bank customer said that when she picked an account opening form, she noticed that there was another FBN 4 * % / Âź # + * + she did. However, at the end of the month, she received an alert suggesting that N1, 040 had been deducted as monthly insurance deduction. Her immediate protest was confronted with the fact that she entered into a life assurance policy voluntarily with the bank. Her request to opt out meant she would lose the already deducted money. Many unsuspecting customers have been lured to the scheme, and have continued to pay even without knowing what they are paying for. Most of the terms and conditions are too * * + 4 too tiny for many to read. Another customer who shared his experience with Saturday Newswatch said much as he tried to read through he could not understand most of the terms and condition. He noted that it is even too lengthy and all are in the favour of '% š2 # 0
* + ½Ă&#x201C; * * # + 0 * Ă&#x2018;¡
Âź *% A business lawyer, Femi Olojede, said those terms and conditions are frivolous, and on the side of the bank as the customers has no input into the drafting, and has no opportunity to state his own conditions. He added that customers are at the mercy of the banks. Olojede, however, exonerated the banks in some areas saying that many customers do not care to read through the terms and conditions, stressing that some Nigerians are too lazy,
Okonjo-Iweala and care less about issues at preliminary stage 9 %
* most customers do not even ask or query deductions made by the banks, and this gives the banks the impetus to deduct money at will. For instance First Bank had washed its * 9 9 * it states thus; â&#x20AC;&#x153;...agree to be bound by these and other terms and conditions regulating the operations ' * including but not limited to internet banking, mobile banking, card services, telephone banking, automated teller machines(ATM) and money transfer services. â&#x20AC;&#x153;The customer may be charged an applicable monthly fee, and or usage fee upon signing on for this services whether or not the customer utilise the service during the period in Âź %¡ # + customers are short-changed as one has to pay for services not rendered It is more disheartening that when one wishes to opt out of any transaction with the bank, he is required to leave certain amount of money as service charge, to the bank not minding the fact that the bank has been trading with the said money over the years. A bank 6 + * * Saturday Newswatch said the aim was to discourage customers from closing their account. The banks are also known to shy away from responsibilities as this portion of the agreement suggests; â&#x20AC;&#x153;The bank shall not be liable for any damage, whether direct or indirect, special, incidental, or consequential arising out of or in connection with the service or use thereof, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation, transmission, computer virus or line or system failure, whether or not the bank or its representatives thereof were advised of the * %¡ Oloyede said this clause absolves the bank and its representatives from any laxity that might arise from their operations, and they have been hidden under the clause to shortchange the customer, especially when there is a delay or defect in banksâ&#x20AC;&#x2122; operation. # ' Z + 4 * * * * * investors, and with the economy in recession as well as bank reforms, many customers have lost a substantial amount of money to the bank. For low income customers, the risk of losing their fund is ever present with the ambiguous terms and conditions of the bank. The many sharp practices perpetrated by the banks, unknown to customers, especially in the areas of deductions do not have any legal reprieve for the customer who had inadvertently signed an undertaking that the bank can at its discretion deduct fees. Another lawyer, Jide Asalu, said â&#x20AC;&#x153;It may come as a surprise, that a basic contract
between a customer and an institution in relation to deposit and current accounts are unclear. There, of course should be some negotiations between the parties which will be subject to rules relating to contracts, and derived from the common law and statute; however, the terms may not always be reduced to writing although the courts generally have taken the approach of including contractual terms of their understanding of what should be implied in %¡ The issue of utility bill also come into focus as a customerâ&#x20AC;&#x2122;s form was rejected because he could not provide his electricity or water rate bills. According to the customer, he had just moved into a new apartment where there is no presence of public utilities, but the bank asked him to borrow someone elseâ&#x20AC;&#x2122;s, telling him that all correspondences will be sent to the address on the utility bill. The question therefore, is what if the customer does not have direct access to the house of a borrowed utility bill? The fact remains that the bank will not be liable as it had stated inter alia in its terms and condition that â&#x20AC;&#x153;Accept as * # conditions governing my account which is sent to any or all of my last known addresses * * %¡ customer said she was lucky as two months #
* ' of change of address, and â&#x20AC;&#x153;luckily they did not ' %¡ Most banks also tries to entangle itself from governmentâ&#x20AC;&#x2122;s regulation as Access Bank stated in its form thus; â&#x20AC;&#x153;To free the bank from any responsibility or liability for any loss or damage to funds deposited with the bank due to any future government order, law, levy, tax, embargo or such other causes beyond the ' %¡ The bank also lay claim to the Automated Teller Machine card as it states in its conditions that â&#x20AC;&#x2DC;This card is the property of the bank, and may be withdrawn at any time. It must be returned to the bank on demand. I further agree that the ATM may impound my card + ¡ A customer whose card was stuck in the machine could not hold the bank liable as it invoked the relevant clause in the terms and conditions. ' 6 * regards ATM cards and some issues, banks do try to protect the customers, and had not been too strict in enforcing the terms and conditions, taking the level of illiteracy among bank customers into consideration.
It is more disheartening that when one wishes to opt out of any transaction with the bank, he is required to leave certain amount of money as service charge, to the bank not minding the fact that the bank has been trading with the said money over the years
Domestic Flight Schedule Arik Air LOS - ABV: (Mon-Fri/Sat/Sun) 07.15, 09.15, 10.20, 13.05, 15.20, 16.20, 16.50, 18.45 ABV- LOS: (Mon-Fri/Sat/Sun): 07.15, 09.40, 10.20, 12.15, 15.15, 16.15, 17:10 (Sun) 12.15, 15.15, 16.15 LOS-PH: (Mon-Fri) 07.15, (Sun) 07.30, 11.40, 15:50 (Sat) 11.50, 3.50, 17:05 ABV-PH: 07.15, 11.20, 15.30 (Mon-Fri) 07.15, 16.00 (Sat) 13.10, 16.00 (Sun) PH-ABV: 08.45, 12.50, 17.00, (Mon-Fri) 08.45, 17.30 (Sat) 14.40, 17.30 (Sun) ABV-BENIN: (Mon-Fri/Sat) 08.00, 12.10 (Sun) 08.56, 12.10 Aero LOS-ABV: (Mon-Fri/Sat/Sun), 06. 50, 13.30, 16.30, 19.45, ABVLOS: 07.30; 13.00; 19.00 LOS- ABV (Sun) 12.30 16.45 (sat) ABV_LOS 10.30, 14.30, 19.30 18.30 Sat) LOS-BENIN: (Mon-Fri/Sat/Sun), 07.45, 11.00, 15.30, 12.30 (Sun 15.30 (Sat) BENIN-LOS: (Mon-Fri/Sat/Sun), 09.15, 12.30, 17.00 IRS LOS- AB: (Mon-Thur) 07.30, 8.30 7.45 8.45 09.30 10.30 11.30 12.30 13.30 14.30 15.30 16.30 17.30 LOS-KANO: 08.00 09.15 10.30 11.45 14.3015.40 18.15 19.30 LOS-MAID&YOLA: 09.30, 11.30 FRI-SUN 10.30 12.30 KANO-LAGOS 07.30 0.45 14.00 15.15 17.30 18.45 KANO- ABV 10.45, 11.30 ABV â&#x20AC;&#x201C;LAGOS 09.00 10.30 11.00 12.00 13.00 MedView LOS â&#x20AC;&#x201C;ABV (Mon -Fri) 07.00, 08.15, 08.50, 12.00, 14.00 ABV â&#x20AC;&#x201C;LOS: (Mon â&#x20AC;&#x201C;Fri) 09.00, 10.15, 15.00, 16.15, 18.30 19.4; ABV â&#x20AC;&#x201C;YOLA: 13.00, 14.10 LOS â&#x20AC;&#x201C;PH 17.00 18.00; PH-LOS 19.00, 21.00 Sats: LOS â&#x20AC;&#x201C;ABV 08.00, 08.50, 09.15 ABV-LOS 10.00, 11.15, LOS â&#x20AC;&#x201C;ABV 08.50, ABVYOL11.00, 12.10, YOL-ABV 13.00, 14.10, ABV-LOS 15.00. 1615: LOS-PH 12.30, 13.40, PHLOS 1420, 1530 SUNS: LOS-ABV 12.00, 13.15, 16.30, 17.45, ABV-YOL 13.55, 15.05, YOL-ABV 15.50, 17.00 ABV-LOS 17.30, 18.45, 1945 LOS-PH 11.30, 12.40, PH â&#x20AC;&#x201C;LOS 13.30, 14.40
24
Saturday Newswatch, March 15, 2014
Business & Economy Jigawa farmers get goats, water pumps
MSMEs: Killing goose that lays golden eggs T While it is said that the Micro, Small and Medium Enterprises (MSMEs) are the oil needed to lubricate the engine of the economy of any country, the same cannot be said of Nigeria. In other climes such as Japan, China, India, and in Europe and the United States of America, MSMEs sector provides about 80 percent of jobs. In Nigeria, many factors are militating against the growth of the sector that could engage many unemployed youths. JOHNMARK UKOKO reports.
C
hina, Japan, India and entire Asian economy are thriving today, while Nigeria
* regularly churned out by the Federal Governmentâ&#x20AC;&#x2122;s economic team to the contrary. $2$ # continued to close shops as a result of harsh operating climate while their promoters and employees are aimlessly roaming the streets.
+ Lagos, the Director-General of Lagos Chamber of Commerce and Industry (LCCI), Mr. Muda Yusuf, raised alarm $2$ could be further depleted as recent events in the country could worsen the situation of the sector. The Lagos chamber boss stressed that the unending power cut and 4 * Ă&#x201E; * $2$ have had to contend with. This view is shared by the DirectorGeneral of National Association of Chambers of Commerce, Mines and Agriculture (NACCIMA) Dr. John Isemede, in recent interview. Isemede * pay for nonexistent power supply by the various Distribution Companies (DISCOs). Speaking on the challenges of public + particular and Nigerians in general, Mustapha Chike Obi, the Managing Director of Asset Management Company of Nigeria (AMCON), while delivering a paper recently in Lagos disclosed that Nigeria does not have what it takes to provide uninterrupted power supply for many years. According to him, Nigerians and + * * on alternative power supply for a long time.
Jonathan High interest rate is another a major $2$ * grapple with. Isemede said the high interest rate and lack of collateral required by Money Deposit Banks !$ " * sector to close shops. He lamented that Bank of Industry (BOI) which is mandated to provide long term credit facility that the MSMEs Âź > business, does not provide that facility to the sector on the pretence that they lack the needed collateral the bank required. The BOI Executive Director, Mr.
* 5 & # * + exchanging views with journalists in Abuja. He said his bank would not * does not have adequate collateral required by his bank. In his words, â&#x20AC;&#x153;BOI is not Father Christmas. It will only grant credit facility to companies that can provide the required collateral. There is no two ways about that. We have a duty to protect the government and
Nigeria does not have what it takes to provide uninterrupted power supply for many years. According to him, Nigerians and will continue to depend on alternative power supply for a long time
Aganga development partners funds in our ' 4 %¡ A member of Jigawa State Chamber of Commerce, Mr. Idris Hassan, in a telephone chat with Saturday Newswatch, disclosed that security challenges across the country is also a & $2$ % Hassan stressed that small business ' * 24 hours security services for the personnel and the business, in view of the harsh business environment. â&#x20AC;&#x153;We are in a critical situation. Many * shops, while their promoters have > * % $ + + + ' * to embrace bike riding along areas where they are still allowed to operate. 2 4 + the entire Northern region, once known #¡ *% Multiple taxation has impacted on the performance of the sector, according to the Lagos chamber. The countryâ&#x20AC;&#x2122;s leading chamber has consistently said over taxed by the various levels of government. Small and Medium Enterprise Development Agency of Nigeria (SMEDAN)â&#x20AC;&#x2122;s data carried out in 2010, and obtained by our correspondent, showed that Nigeria has a total of 17, ½Ă&#x201C;Ă?# Ă&#x2039;Ă&#x152;ž $2$ # + employment of 32, 414, 884 persons, and contributing 46.54 percent to the countryâ&#x20AC;&#x2122;s Gross Domestic Product (GDP). A lecturer of Small and Medium Enterprises (SME) business at the Lagos State Polytechnic, Mr. Adelowo Anjorin, in chat with Saturday Newswatch, stressed that the sector has lots of potentials despite the challenges they currently grapple with. The don stressed that if the sector is properly positioned and developed, it could generate the much needed employment for the countryâ&#x20AC;&#x2122;s teeming youth population, and give the Z + % The lecturer said that many countries of the world have used the platform of Micro, Small and Medium Enterprises to combat unemployment and under development. He charged Nigeria to emulate nations that have transformed their economy.
he Community-Based Agriculture and Rural Development Programme (CBADP) have distributed goats and water pumps to 65 farmers in Guri Local Government Area of Jigawa State. The programme, supported by the International Fund for Agricultural Development (IFAD), is designed to encourage agriculture and infrastructure development. It is also to reduce poverty and provide means of livelihood to rural dwellers. Mallam Adamu Isa, IFADâ&#x20AC;&#x2122;s Communication Officer, said this at the distribution of the items to Abunabo and Matara-Babba farmersâ&#x20AC;&#x2122; groups. Isa explained that 20 water pump machines, 30 tube wells and 10 work bulls were given to irrigation farmers. Also, 20 goats and 60 sheep were distributed to women groups to enable them engage in livestock production. He added that several sets of assorted fishing kit were also provided to fishermen to encourage fishery. Isa said that the gesture was to support farmers, and improve the socio-economic wellbeing of farming communities. â&#x20AC;&#x2DC;â&#x20AC;&#x2122;The items were given to the farmers under a soft loan revolving scheme,â&#x20AC;&#x2122;â&#x20AC;&#x2122; Isa said. He urged them to ensure effective utilisation of the items, to promote participation in the programme.
Sales manager bolts with employerâ&#x20AC;&#x2122;s N6.8m
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he police in Lagos have arraigned a 28-year-old sales manager, Victor Anigbo, over alleged theft of his employerâ&#x20AC;&#x2122;s N6.8 million. The accused, whose address is unknown, is facing a two-count charge of conspiracy and stealing at an Igbosere Magistratesâ&#x20AC;&#x2122; Court. The prosecutor, Cpl. Innocent Odugbo, told the court that the accused conspired with a salesgirl still at large to commit the offences between May 3 and December 1, last year, at Shop AD38, International Trade Fair Complex, Lagos. He said the accused stole a total of N6.8 million belonging to their employer, Mr. Uchenna Asiegbu. He said the offences contravened Sections 285(7) and 409 of the Criminal Law of Lagos State, 2011. Section 285 (7) prescribes seven years imprisonment for clerks and servants stealing from their employer, while Section 409 provides a two-year jail term for conspiracy. The accused, however, pleaded not guilty to the charges. The Magistrate, Mrs. A. Botoku, granted the accused bail in the sum of N500, 000 with two sureties in like sum, and adjourned the case to April 7 for mention.
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65
Saturday Newswatch, March 15, 2014
Special Report Exploiting the benefits of Shea butter Olabisi Akinbode
M
edical experts, have on many occasions, underscored the 2 4 # 9 + * extracted from the nut of the / 2
* arid savannah regions of West and Central Africa. / * # 2 4 9 # skin conditions, ulcerated skin, stretch marks, dryness and cell regeneration, among others. Cosmetologists agree that 2 4 *
4 * * * ' + soaps and beauty products. / # + # *
2 4 # 4 processes from the nuts have 9 * * many Nigerians, particularly those in the rural areas. They noted further that the
2 4 + ' + * * dermatologists, adding that it has
* ' product in the market. + food manufacturing companies 2 4 # especially those producing chocolate. 0 ' + * *
# / & 2 * ' / # * 2 4 Ibadan, Oyo State, says that the traditional method of * 4 quite laborious. She insists that the outer shell of 2 source of Shea 4 be removed, adding that this is traditionally done by + * young girls. â&#x20AC;&#x153;This is + * crushing of the + * # + crushed nuts are roasted in large pots. â&#x20AC;&#x153;Then, the nuts are ground to form a smoother paste by adding + *
She butter
* *\ # + separate the oil. š ' * 9 and left to cool and in the process, + * # 2 4 * 2 oil, are produced. š 2 4 * upon cooling and the Shea oil, + * + # Âź *% 2 4 later shaped into balls for sale,â&#x20AC;? Amusan explained. 6 2 4 ' ' # $ % 0 + # mother in Ibadan, said her daughter
+ * 2 4 % Similarly, Mr. Jimoh Alegbe, a barber in Molete, Ibadan, said he uses Shea 4 as an
shave ointment on his customers. Prof. Kunle George, a consultant dermatologist at the University College Hospital, Ibadan, equally
* 2 4 * for the management of dry skin, skin rashes, eczema, dermatitis, cold, frostbites, aches and tensions, among others. â&#x20AC;&#x153;The moisturisers in Shea 4 ' * + glands produce,â&#x20AC;? said Dr. Jody Levine, a clinical instructor of Dermatology at Mount Sinai School $ * # + ' 3 %
+ # 2 4 nauseating smell, insisting that 6 treating many skin problems, its + 9 % $ % + ' # / + Shopping Complex, Ibadan, said that she has stopped using * 2 4 9 2 4 customers usually complain about a moisturiser and skin ointment. its smell. š2 4 â&#x20AC;&#x153;The smell is the only bad thing > '
6 2 4 \ can be done about it, many people + + Âź #¡ body; it is the skinâ&#x20AC;&#x2122;s best friend. š 2 4 explained. Irrespective of the complaints, natural vitamin A cream; it is also cosmetologists insist that fresh Shea + 4 * # healing properties for the skin. š2 4 * 9 * # a base for medicinal ointments; it is after rubbing it on the skin. They noted that the unpleasant * ' * 2 4 lotion, limiting the capacity of 4 * the skin to absorb ultraviolet because of improper production radiation,â&#x20AC;? he said. methods or age. * #
2 4 longer active in old or rancid Shea 4 # ** 2 4 * *% All in all, cosmetologists noted +
* 2 4 the purest form of the lard, adding that due to its manual extraction # 4 its vitamins, minerals and other natural properties. ?
Irrespective of the complaints, cosmetologists insist that fresh Shea butter should not have a strong, offensive odour that lingers, long after rubbing it on the skin
66
Saturday Newswatch, March 15, 2014
Special Report Agony, fears of NNPC pipeline residents Ayodele Olalere
S
eun Adelola, a computer engineer used to live in the Ajegunle area of Lagos State. In 2007, he relocated to Ijegun, a suburb of Ejigbo as a result of the high cost of rent in his former area. For him, Ijegun 9 * accommodation. At that time, he was not bothered about the danger numerous petroleum pipelines which * 4 * % # 4 a cheaper accommodation was more % 2 # 2 + * 9 # * to him, he lives in the fear of the unknown. Esther, a fashion designer, was a resident of Egbeda before she moved to Ijegun to join her husband after her wedding. Before her wedding, she had advised her husband to relocate from Ijegun for fear of the petroleum pipelines in the area. However, like Seun, the allure of cheaper accommodation made him reject her * % #
+ open, with the untold fear that the * % # the pipelines did burst in 2008. * living on petroleum pipelines in some parts of Lagos, and other parts of the + 3 situated. Ijegun, Aboru, Arepo are some of the areas where pipelines are located, and while other residents of Lagos
+ *# living in these areas live in the fear of what could befall them if the pipelines explode. * * * *
% $ the victims were people living within # + * pipelines or closer to the pipelines. 0 + * * $ žĂ&#x2039;# 2008, there was an explosion at Ijegun after a bulldozer struck an oil pipeline. Although the explosion was said to be an accident as construction workers ' ' * * # + inferno. * * homes and schools, one of which was 0& 2 % $ žº * ½X + * * + žXX
People scooping oil at the Ijegun oil spill
lost their lives including a pregnant + * Ă? * % 2 were reported to have been run over +
% 0 / ½Xž½# occurred in the Arepo area of Ogun 2 + * '% * + * * vandals who broke the pipeline to siphon petroleum products. 5 1 žà # ½Xžà # incident occurred in the same area, ' Ă X + + siphoning petroleum products from * 3 % * + * 2am led to the loss of three lives, while some residents including a medical * * & % * nightmares people living on pipelines have to live with. â&#x20AC;&#x153;It is what we have to live with,â&#x20AC;? said Seun. He continued, â&#x20AC;&#x153;When I + * # * * * * % 0 * * Z + place, but the house rent where I was living in Ajegunle was too much to *\ + + 0 area.â&#x20AC;? š + * Z know what might happen the next minute because of these pipeline vandals. You might be sleeping in * ** hear the sound of explosion in the ** % + people are not building houses in this ' ' + whether there are pipelines on the * %¡ â&#x20AC;&#x153;At times, those that sell lands would
Lagos is not an oilproducing state, but the lives of so many people living along oil installations in Lagos are in danger. We have been living on contaminated water in this area for years. Six years ago, we 458 5 9 : 5; < = < to the Nigeria National Petroleum Corporation, but nothing has since been done to address the situation be aware that there are pipelines *# + * # * + * % Some residents have discovered petrol inside their living rooms, so, itâ&#x20AC;&#x2122;s not hard to imagine what would have happened to such persons had the pipeline exploded before the * \ + * have been consumed. It will be worse Ă&#x17D; 0 Z + ÂşX living in one building. Right now, * * ' + + '
+* % * %¡ Âź # was discovered in a well in the Ejigbo area, a distance of few kilometres to 0& % + # $ % Adedeji Ogunba on Aminatu Ilo Street, + * * + * + + * % / * 3 3 / !3 /"# 1 /' # + ' * + # ÂşXX# XXX residents of the area were in danger as some of the buildings in the area are 4 % According to him, oil pipeline installations in places like Ejigbo, 0& # / + 5* # 0 & # 0 * and Baruwa, Aboru are constant threat to the lives of the people living within the vicinities. â&#x20AC;&#x153;Lagos is not an oil-producing # living along oil installations in Lagos are in danger. We have been living on contaminated water in this area % 2 # + * 6 3 # has since been done to address the situation,â&#x20AC;? he said. He added, â&#x20AC;&#x153;In the whole of Ejigbo, + + # can perceive the strong smell of fuel. + 9 * # * borehole, since the surface water has * % + \ * + * + 9 * % + + * %¡
* * + * that occurred in Ijegun if urgent 4 * % /' # /* * $ 4 +# 2 /
# who owned a building in Aboru, told 2 * + + * the area poses is far higher than the
+ * * 9 % â&#x20AC;&#x153;I agree that the costs of renting an * these areas are not as expensive as # to look at the dangers here. Imagine * # * * # * * * sleep because of fear of explosion. * * as the roads are not tarred just to avoid 4 ' %¡ /* * * + * Z built his house in the area if he knew that there are petroleum pipelines in the area. He said that while he was in 2 / # * * build a house, but was surprised on žº * that the house was built not far from Continued on page 67
67
Saturday Newswatch, March 15, 2014
Special Report
Agony, fears of NNPC pipeline residents Continued from page 66
NNPC pipeline. Mr. Segun Abayomi, whose house is * 0& # * Saturday Newswatch that he decided to erect a building n the community because it came at a cheaper price at the time he bought it, not minding the danger the pipelines pose. š0 * N400, 000 four years ago, but did not commence construction until after one and half years. Though there is no pipeline on my land, but there is, some two kilometres away from where % + # # 0 * ask myself what if there is a serious explosion from the pipelines, will my house be safe? No one knows what can happen,â&#x20AC;? he lamented. 9 + * government to sensitize the people on the dangers of living on, and close # 9 sometimes do not yield results as many people still ignore warnings. 0 * + * danger these pipelines pose and to '# + inscriptions like â&#x20AC;&#x2DC;NNPC pipelineâ&#x20AC;&#x2122; are usually erected at the vicinity where these pipelines are located so that whoever wants to erects any structure on the land would be aware. Many of the roads in these areas are also not tarred to avoid ' 4 construction equipments. 5 9 + in April last year when NNPCâ&#x20AC;&#x2122;s Task Force descended on the residents of / # 9 0 * /' # 5 2 # / # 0& / \ ' 0' \ 0 0 & # & # 0& / * 0& * * 0 5 # + had structures on NNPC pipeline way. Also, the action was carried out at the 3 & Lagos State. 0 ½Xžà # 3 the destruction of structures on pipelines following the Arepo incidents. Properties worth millions of naira were demolished in the process. Churches, mosques were not spared as they were mowed down 6 Nigerian military that spearheaded the demolition. Places like Akute, Alagbola, Fagba were equally visited by the demolition team. However, barely eight months after the demolition, people have started erecting new structures on the pipelines, not minding the danger. This is in spite of the fact that NNPC had erected signboards warning people of the dangers associated with erecting structures close to NNPC pipelines.
Oil well in Ejigbo
Demolished building on pipeline in Arepo
0 + ' + # fences, street gates, block industries, welding workshops and shades, * 5 0' / @ Government Area where the demolition had earlier taken place. & @ Council Development Area (LCDA), Mr. Kehinde Bamigbetan, while 9 on pipeline on the residents, urged the NNPC and the government to be proactive in ensuring that adequate monitoring is conducted to ensure that no one is allowed to erect structures on the pipelines. â&#x20AC;&#x153;The situation at hand is beyond 3 & * % / a responsible organisation, they must investigate the extent of leakage with a view to replacing the leaking pipes, and providing new source of water supply for the over 5,000 members of
the community who can no longer use their wells. They should be held responsible for negligence in monitoring the pipelines * + * % 0 expected of the NNPC to monitor their pipelines, and alert the physical planning authorities of host states each time the area is being abused so 4 + * curbed.â&#x20AC;? Also, Governor Babatunde Fashola @ 2 # * 0 0& * Pipeline and Petroleum Marketing Company (PPMC) in February this year said, â&#x20AC;&#x153;We are standing on a pipeline, where is the warning signals that this is a pipeline? Now, that does & * close to a pipeline. This is one pipe leakage too many for Lagos. There are long distance consequences for this kind of thing.â&#x20AC;?
How pipeline vandals crippled oil supply â&#x20AC;&#x201C;NNPC
T
he Nigerian National Petroleum Corporation, NNPC, has provided graphic details of how the activities of pipeline vandals *
> + of petroleum products and crude supply in its pipeline system leading to a colossal cost of over N174.57 billion in product losses and repairs of products pipelines within the last 10 years. According to the corporationâ&#x20AC;&#x2122;s Managing Director, Dr Mohammed Sanusi Barkindo, the advent of illegal bunkering, pipeline vandalism and product theft has massively impacted on the capacity of Nigeriaâ&#x20AC;&#x2122;s massive oil and gas assets to function optimally. Barkindo explained that though the combined working capacity of all the 21 Pipelines and Product Marketing Company, PPMC, depots nationwide, excluding holding capacities at the
# * * 6 à ½ * # 65 days for kerosene and 42 days for diesel, activities of pipeline vandals have made it impossible for the facilities to function full blast. ' * + * 4 point, the NNPC GMD said a total žĂ&#x2039;#XĂ&#x201C;Ă ' + recorded within the last 10 years, ** + Ă QĂ&#x201C; ' representing 2.4 per cent were due to ruptures, the activities of unpatriotic vandals accounted for 15,685 breaks + QĂ&#x152;%Âş cent of the total number of cases. According to records, the System 2E/2EX which conveys products from
/ $ ' * * + * / the haven of pipeline vandalism in the country particularly the Port
/ Ă&#x2DC;0 + % 0 # Ă&#x201C;#žXÂş ' + * * along the system 2E within the period ÂşX%Ă of the total number of petroleum products pipeline breaks in the % 4 ' 3 with a cost of N78.15 billion in product loses and pipeline repairs. The System 2A product pipeline route which conveys products from 2 & Ă&#x2DC;5 * ' second on the scale of pipeline break + Ă #½ºQ about 20.2 per cent of the total volume of products pipeline breaks in % + ½X%Ă Q * and pipeline repairs. The System 2B which carries * / 3 $ 2 0 * 0 * recorded 2,440 breaks leading to a Ă&#x152;Ă %Ă&#x2039; * and pipeline repairs. 5 # ' * * 4 ' Forcados Pipeline has rendered the $ ½XXQ# thus making it impossible to evacuate crude oil/condensate from some Shell operated facilities. â&#x20AC;&#x153;Currently, over Ă XX#XXX * * žĂ?X * * * and about 55 vandalised points so far repaired at a cost of N11 billion,â&#x20AC;? he said.
+- +
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72
Saturday Newswatch, March 15, 2014
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73
Saturday Newswatch, March 15, 2014
Business & Economy NDDC promises better Minister must support service delivery cocoa sector â&#x20AC;&#x201C;Stakeholders T At the recent Centre for Values in Leadership annual lecture, the Minister for Agriculture, Dr. Akinwumi Adesina, underscored the push to boost agriculture, especially in the production and export of cassava. In the same vein, stakeholders in the cocoa sector are canvassing for more support. MARCELL DIKE writes.
T
he Cocoa Association of Nigeria (CAN), led by Robo Adhuze, whose group was at the recently concluded annual lecture, has called on the Minister of Agriculture, Dr. Akinwumi Adesina to give same support to cocoa farmers as he did to cassava farmers, adding that stakeholdersâ&#x20AC;&#x2122; revenues are set to grow strongly in Nigeria; the worldâ&#x20AC;&#x2122;s fourthlargest cocoa producer, as a result of efforts to improve productivity and higher prices on international markets. Adhuze pointed out that CAN is working assiduously to boost Nigeriaâ&#x20AC;&#x2122;s cocoa production from 10 per cent in the 2014 season, as prices are rising to a more favourable level for farmers. He emphasized that although Nigeria ranks behind Cote dâ&#x20AC;&#x2122;Ivoire, Ghana and Indonesia in cocoa production, citing International Cocoa Organisation (ICO) statistics, CAN is determined to overtake some of these countries this year. Putting together data for the start of the new season, which has two stages â&#x20AC;&#x201C; the main harvest running from September 2013 to March 2014, and a second from June 2014 to August 2014, he expects the periods to vary depending on weather, which he predicts will be positive. Thus, annual output is being put around 200,000 to 250,000 tonnes in recent years, rising to 270,000 in 2012/13, according to CAN. The industry peaked in the early 1970s, when output reached 300,000 tonnes per year, placing Nigeria second in the world at that time, behind Brazil. But the country experienced a decline to 90,000 tonnes by 1999 when some farmers replaced cocoa plantations with other crops. But things, according to him, have revived since then, thanks to plantings in the middle of the last decade. According Adhuze: â&#x20AC;&#x153;As the Agriculture Minister has done with cassava; he has declared
governmentâ&#x20AC;&#x2122;s plans to double cocoa output to 500,000 tonnes by 2015. So, government is looking forward to spurring activities in several key agricultural sectors, ranging from cassava to oil palm, as well as cocoa with a host of initiatives to strengthen yields, revive dormant land, improve efficiency and enhance %¡ Adhuze also said that the Cocoa Research Institute of Nigeria (CRIN) has been distributing highyield disease-resistant beans which mature in 18 months; considerably quicker than the 4 to 5 year maturity of traditional beans. His words: â&#x20AC;&#x153;The new varieties yield 1.5 tonnes of cocoa per hectare on average; three times more than the older crop. CRIN is also working to boost productivity by training farmers in harvest techniques, crop spacing, weeding, pest control and the use of %¡ As international cocoa prices rose to a two-and-a-halfyear high on January 27, with demand outstripping supply, the international US stockpiles of
Government is looking forward to spurring activities in several key agricultural sectors, ranging from cassava to oil palm, as well as cocoa with a host of initiatives to strengthen yields
Adesina
cocoa beans declined by 3.3 per cent, while the price of cocoa for delivery in March increased by 3.5 per cent ($97) to $2,889 per tonne on the ICE Futures US exchange, the highest price since September 2011 and the second 3.5 per cent rise in three trading sessions. The price of cocoa butter - used in chocolate manufacturing also went up. While the worldâ&#x20AC;&#x2122;s largest cocoa traders can expect a global shortfall of 185,000 tonnes between supply and demand for the year ending September 2014, as consumption rises by 3.5 per cent. Output is already slowing in West Africa as the harvest â&#x20AC;&#x201C; which has been affected by rainfall - comes to an end. Continued rise in demand for chocolate in emerging markets may lead to a sustained deficit, pushing prices further upwards, analysts suggest. Nigeriaâ&#x20AC;&#x2122;s cocoa farmers should be well-placed to take advantage of these favourable market conditions, particularly with the recent drive to increase productivity â&#x20AC;&#x201C; which is already experiencing yields rise. If all goes according to plan, the recovery seen over the past decade and a half should accelerate. But as pointed out, even if it meets its production goals, Nigeria still lags behind the regionâ&#x20AC;&#x2122;s leaders in cocoa output â&#x20AC;&#x201C; Cote dâ&#x20AC;&#x2122;Ivoire, which produces around 1.4m tonnes a year, and Ghana, which averages 900,000 to 950,000 tonnes, and saw a spike to 1.1million in 2011/12. The association argues that these countries have been able to outperform Nigeria partly due to clearer government policy towards the sector, which includes robust support of the sector. With the FG increasingly rolling out measures and incentives to improve agricultural production and development across board, cocoa is well-poised to benefit. This should also include ensuring that the sector can remain competitive even if price ease in the longer term.
he Managing Director of the Niger Delta Development Commission (NDDC), Mr Bassey Dan-Abia, pledged + * * 4 service delivery to the people. Dan-Abia made the pledge in Uyo at the 2014 NDDC Board and Management Retreat.
* 9 re-focus and ensure sustainable development for the people of the Niger Delta. The theme of the retreat is: â&#x20AC;&#x153;Re-focusing the 3 4 2 ¡% / * 9 and face the challenge of repositioning the 9 / 4 % â&#x20AC;&#x153;We subscribe to and imbibe the spirit of excellence; our organisation will no longer be perceived as a â&#x20AC;&#x2DC;money sharing institution, but rather as a national metaphor for sustainable development. â&#x20AC;&#x2DC;â&#x20AC;&#x2122;The task of re-focusing NNDC is our collective responsibility.â&#x20AC;&#x2122;â&#x20AC;&#x2122; The managing director called for 4 * # * * * # regular self-reappraisal and strict adherence to good corporate governance. He also told the workers to imbibe good organisational core values and boardroom harmony to ensure excellent service delivery in the commission. The chairman of the companyâ&#x20AC;&#x2122;s board, Senator Bassey Ewa-Henshaw, described the theme and timing of the retreat as apt. â&#x20AC;&#x153;I believe that it is now time to tell ourselves some home truths. â&#x20AC;&#x2DC;â&#x20AC;&#x2122; It can no longer be business as usual. Substantial and immediate changes for the 4 ' % He urged the workers to exhibit right 4 * + '# Ă&#x17D;Z would play a major role in re-orientating the minds of all towards a re-focused NDDC. â&#x20AC;&#x153;I hope that this retreat will re-orientate our * # * 4 ** the image problem of NNDC. â&#x20AC;&#x153;All of us must leave Uyo with a more 4 * * #¡ + Henshaws.
Tax experts list benefits of TIN Thankgod Ofoelue, Benin
I
n order to put Edo State on the path of socio-economic development, the Acting Chairman of the Joint Tax Board (JTB), Alhaji Kabir Mashi has enjoined the indigene of Edo State to embrace the Tax Payers 0* ! 0 " going on in the country. Mashi stated this at a stakeholdersâ&#x20AC;&#x2122; sensitization workshop on TIN organized by the Edo State Internal Revenue Service (EIRS) in collaboration with the JTB in Benin City during the week. Mashi, represented by the Programme Manager, TIN, Oduba Oduba, cited the uniqueness, reliability and centralized nature of tax information as one of the reasons for the introduction of TIN, saying, â&#x20AC;&#x153;The TIN enables you to do all your tax businesses anywhere in %¡ Mashi, commended EIRS for keeping > > # * * ** biometric data equipments. Chairman of EIRS, Chief Oseni Elamah explained that TIN was put in place for the purpose of unifying all eligible tax payers in the country, arguing that with the introduction of TIN, all obstacles about multiple taxations posing challenge to growth in the tax administration would be removed, and thereby improve transformation. He disclosed to newsmen that Governor Adams Oshiomhole was ready to key into + * 4 the state, adding that the World Bank which had evaluated the developmental strides of Oshiomhole adjudged him one of the progressives in Nigeria.
74
Saturday Newswatch, March 15, 2014
Business & Economy Police arraign businessman for receiving stolen property
Transporters knock banks over funding challenges A Johnmark Ukoko
P
romoters of Small and Medium Enterprises (SMEs) have over the years blamed the failure of the sector to contribute meaningfully to the economic growth of the country on the inability of local banks to grant credit facilities to the sector. Today, transporters have also raised alarm at the failure of banks to support their sector. * > + * facility to sustain it. In Nigeria, it has * 6 2 and Medium Enterprises (SMEs) to secure bankâ&#x20AC;&#x2122;s credit facilities. This development prompted government and the then Prof. Charles Soludoled Central Bank of Nigeria (CBN) to initiate the Small and Medium Equity Investment Scheme (SMEIS), as a tool to compel local banks to fund the sector. Despite the huge amount contributed by banks to the scheme, the SMEISâ&#x20AC;&#x2122; initiative failed to achieve its aims * 6 4 ' % was unable to draw from the funds as a result of their inability to meet the Âź
fund. Consequently, the apex bank was forced to scrap the scheme. However, the Managing Director of ADROG Cargo Handlers, Mr. Sola Ajayi, had berated local commercial banksâ&#x20AC;&#x2122; unwillingness to grant genuine transporters and businessmen credit facilities, as one of the reasons the country has remained under developed. Ajayi disclosed that local banks demand bogus requirements from transport promoters before credit facilities are granted, lamenting that the situation has forced many transport
% The ADROG Cargo Handling boss lamented that many local banks lack the ability to grant cargo handling
* # + is obtainable abroad, adding that the * * 6 * compete favourably with their foreign counterparts. The transporter claimed that â&#x20AC;&#x153;the bank charges are too many. Banks have upfront charges among so many other charges the banks expect cargo handling
* % charges by the banks have driven * * transporters out of business.â&#x20AC;? He lamented that many local banks are afraid of granting credit facilities to * * the country, adding that such fear has made many local banks to introduce one charge after another to discourage * *
from applying for credit facilities from the local banks. The ADROG boss appealed to the banks to reduce their interest charges as cargo handling and transport are special sectors which need the support of everyone to grow, in view of the special nature of the sectors to the countryâ&#x20AC;&#x2122;s economy. Ajayiâ&#x20AC;&#x2122;s sentiment is shared by an 6 * @ # $ % Irabor Nelson, in a chat with Saturday Newswatch @ % said that many of the local transport + challenges. He disclosed that local banks are not favourably disposed to extend credit facilities, because of the high rate of accidents and the deplorable state of the countryâ&#x20AC;&#x2122;s road networks. Nelson disclosed that in the past, local banks were quick to grant credit facilities to reputed transport companies, explaining that many now defunct local transport companies stayed long in operations due to the supports the banks gave them, lamenting however, that situations have changed today. Reacting to the cargo handlers and transporting companiesâ&#x20AC;&#x2122; complaints against the local banks, Head, Small and Medium Enterprises (SMEs) Nigeria, Ecobank, Mr. Olusunkanmi Olowo, said some banks still grant credit facilities to transport and cargo handling companies. Olowo disclosed that Ecobank Nigeria provided the credit facility that led to the purchase of Bus Rapid Transport (BRT), adding that BRT is a success story today. 'Z 6 * the promoters of the BRT project had approached many banks for credit
It is true that banks D E ? ? F ? ?
F
Fashola facilities to provide the buses without success, but when they approached Ecobank, they got the credit facility required.
* * ' * * 6 * transport companies, because of the terrible road network in the country as well as the incidence of high road accidents in the country. In his words, â&#x20AC;&#x153;It is true that banks
* * 6 * transport companies. This is because of the situation of most of the roads, which has led to many road accidents. Ecobank are ready to grant credit facility to well packaged transport companies. It could recalled that the promoters of BRT had approached more than 10 banks before coming to us. Today, BRT is a success story.â&#x20AC;? Also, a source at Diamond Bank Plc, told Saturday Newswatch that his bank regularly grant credit to SMEsâ&#x20AC;&#x2122; promoters and transport companies within 90 days of credit lines application. * ' 6 * ' * of many SMEs projects across the country, adding that many transporting companies have also got credit facilities from his bank to remain in business. The popular local transport companies * * @ # Inyang and Brothers Transport 3 @ *# 0Ă&#x201E; '+ Transport Company, Ekenedilichukwu 3 @ *# @ # + @ # ** * 3 @ *# 3 @ @ * * / 3 @ * many others. Most of the companies were noted to have closed shops few years after the death of their promoters or the government that established them, owing to paucity of funds, mismanagements and high rate of road accidents among many other factors. The years ahead will show if the local banks will change their approached to funding of transporting, and cargo handling companies in view of the strategic role the sectors play in any countryâ&#x20AC;&#x2122;s economic development.
n Abuja Senior Magistratesâ&#x20AC;&#x2122; Court has granted a # 3 Ă&#x201E; Ă&#x201E; ' # ž + two sureties after being charged for receiving stolen property. The accused, 32, of Jabi Garage, appeared before Senior Magistrate Abdullahi Illelah on Monday on a onecount charge of being in possession of stolen property. The prosecutor, Inspector Phillips / # * Ă&#x201E; ' was arrested with 50 metres of armoured cable valued at N115,000 on February 22. Apollus said that a team of police 4 * @ 3 Division in the FCT made the arrest. He alleged that during interrogation, Ă&#x201E; ' * 4 * item from one Danladi Abubakar of / + $ ' # @ 3 * other at large. The accused, however, pleaded not guilty to the charge. The Magistrate adjourned the case till March 17 for hearing.
Dangote Sugar to support FGâ&#x20AC;&#x2122;s integration policy
T
he Group Managing Director, Dangote Sugar, Mr Graham Clark, has said that the company would support the Federal Governmentâ&#x20AC;&#x2122;s integration policy to enhance local generation of raw materials. Clark disclosed this during a courtesy visit and ringing of the closing bell on the Nigerian Stock ! 2 " @ % He said that the company was working to ensure that most of the raw materials that were being imported were made available locally. â&#x20AC;&#x153;This would save importation cost for both manufacturing companies, individuals and the nation at large. â&#x20AC;&#x153;Through this medium the cost of production will be subsidised and reduced to make the products more 9 * #¡ *% He said the company would promote rural economy through its continuous
9 goods needed in the country were produced locally. Clark said that the company would continue to double its capacity in Nigeria to ensure enhanced returns to all stakeholders. š + + products for the development of Nigeria, and to enhance market share. â&#x20AC;&#x153;Nigeria is naturally endowed with agricultural, mineral and natural resources, which if well exploited, have the potential to grow the economy. š + * stimulating the sugar industry in Nigeria, and in making agriculture 4 Ă&#x201E; #ZZ said.
75
Saturday Newswatch, March 15, 2014
International Business
Cape Verde: Small, open economy with high per capita Eric Elezuo
C
ape Verde comprises ten islands, nine of which are inhabited, and is located 375 miles (600 kilometres) 9 2 % * area of all the islands is 1,557 square miles !Ă?#XĂ Ă Âź ' "# Ă&#x201E; * 0 *% * % 2 # # $ # * 2ĂŞ > * * like, with stretches of sand dunes while 2 # 2 / ĂŞ # # * 2ĂŞ Nicolau are more mountainous and arable, * * % \ # #
* žQQÂş% # # * 2 + * # * 4 *% * * + * * * * žº \ 3 * Âź * / * * + * % + * * žQĂ&#x152;Âş# * + # +
* * * + * žQQX% 3 * / Z * % * * * * ½X * * * * % / # 3 * Z * % $ 3 * / * * % 0 0 * ' + $ % 3 * that lacks resources and has experienced * % / # * * 6 ' # + * * % $ Z * ! " * % 3 * Z
* + žQQX # * + 6 * * * # * * # + žQQ�% 3 * +
# + * ' ! 3 * * " * *# žQQQ# % 3 * * * * # * * * * 2 0 * 2 % 0 ½XXĂ&#x152;# * * * 3 * @
* 3 !@ 3"# * * % On December 18, 2007, the General Council * * 5 ! 5" * ' 3 * 5% / +
9 1 ½à # ½XXĂ&#x201C;# Ă X * 3 * # + ' ½à 1 % ' Âź Cape Verde to adapt some of its economic % 0 # +
* introduce a new Customs Code, and * * + + /
* * / 0 % / * * 0 5 ! 0 5"# 3 * * * # # * ' # * * * # * + !@ + % žXžĂ&#x2DC;000Ă&#x2DC;QX# žQQX% @ # 5 *# š0 * + 3 * + % + + * % 5 + 3 * + *
%¡ * + commerce, transport, tourism, and public
!Ă&#x152;X " % # * * * *
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* * * * % / Ă?X # * * +% / Ă&#x201C;½ * *% # * # *% 3 * # 3 * *# * *
* * * 4 \ 4 ½X % the lack of resources, sound economic * * * % 3 * * * # * 4 * * % * * * > + # # 4 # * Z * % # * * + 4 *# 3 * * + * % žX * * #
+ % ½X * caused the deaths of 200,000 people and
Jorge Carlos Fonseca * % * # + 3 * * * % *
* * % * žQQX # * * Z Ă&#x201C;X # * ½XX½# * * * *% 0 *
* 3 * Z + % # 3 * & / % 0 + 2# * % 0 ½XXĂ&#x201C;# 3 *
Nonetheless, Cape Verde enjoys a per capita income that is higher than that of many continental African nations. It has sought closer economic ties with the US, EU and Portugal. In 2008, Cape Verde became only the second country after Botswana to be promoted by the United Nations
* + * * ' ÂşX * * % 0 #
+ # three international airports and hundreds of ' * % # concerns that it poses a threat to the Cape * Z % 0 * * ' +
* * Z + % Cape Verde became independent in 1975, # # +
* % + countries planned to unite, but the plan was * * žQĂ&#x201C;X * % 0 žQQž# 3 * *
presidential elections, which were won / $ $ # + * * Z * # / * % $ Cape Verde, there are no known existence of embassies between the Cape Verde * * % + + 3 * +
2 @ % International economic ties between the two 3 / 2 ! 35 /2" + + ž� / % + ' 3 * # + \ / * % # +
* @
/ 3 'Ă&#x2DC;3 / 2 3
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Continued on Page 76
76
Saturday Newswatch, March 15, 2014
International Business
Continued from Page 75
International recognition Cape Verde is a small open economy, which is very dependent on the external > * * * * !Ă&#x152;Âş " * * > + ! % %
# 4 * *"% 0 an economy based on services, which Ă&#x152;X % * + * * ! essentially limited to the textile, footwear * * "% + ½XXX# 3 * * * Âź #
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"% ?- ( ?* (? ()? ( ? 4? (?) +( ? $? $ "%) ? &( # ) )6? +( */? + ( )? ( ?%$?)* $ ? (%+$ ?* ? "% !7?! & $ ? $? " ? / ?%$? , (/?& (*?% ? * ? %* "6?? +$ (/?) (, ? )? , " " ?%$?34> %+(? ) )? *%? ?*%?* ? %# %(*?% ?* ? + )*)6 ! ? $/?%* (? +) $ ))7? )& ""/? $? ( ?- ( ? $, )*%()? "/? %$ (%$*?( "? $ ? (* ? "?% )* " )7?* ? %)& * " */? $ +)*(/? )?$%? . &* %$6?Â&#x2021; (%"?Â&#x2013;%)& * "? )? & (* +" ("/?& $ ? /?&%%(? %## *# $*?% ? *)? %(# (?)* 9?7? ? *%(7?- ? $ ?* ? & ( &* %$?% ?* ?&(%&( *%(? %+*? % >) ! ()6? ## $+ "? )? +(* (? -%(( ? /?- *? ? "" ? $) $ ( */?% ?-%(! ()?*%?) ( ? )?# $ # $*?, ) %$6? $? * ? $ 7? ? # ?%+*?% ?* ? "" $ ? ? 4? (?& ()%$6? Â&#x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Â&#x2021; (%"? Â&#x2013;%* "? )? %& $ ?- * ?* ? ( ? ( " */6? ## $+ "? (%-$)? *?* ? %, ($# $*?&%" /7? %$*( )* $ ? *?- * ?* ?&( * ? $?%* (? " # )?- ( ? %* ")? ( ? $ %+( ? )?! /?&" / ()? $?* ?*%+( )#?) *%(6? ( - $ ? $? $)* $ ? (%#?* ? $ * ? Â&#x2021;( ? # ( * ?8 Â&#x2021; 9?- ? %$%#/? )? , "/? ( , $? /? ( , $+ ? (%#?*%+( )#6? <Â&#x2013;%* ")? ( ? , $? ? ( * $ ?)& ?*%?%& ( * ? $ ?# ! ?&(% ?*6? * ?* )? * ? %, ($# $*? )?( & $ ? * ? (+ *?% ? *)?) $) * , */?*%? - *?* ? %* ")?)* $ ? %(? $?* ? %$%#/6? ?- ) ?%+(? %, ($# $*? %((%-)? ?" ? (%#? Â&#x2021; ? $ ?# ! ? ( ? ? *%+( )*?$ * %$7=? ? .&" $ 6? ? ? ")%? && " ? *%? %, ($# $*?*%?* !" ? * ?&(% " #?% ? " *( */7? - 7? %( $ ?*%? #7? )? )+9?% * $ ? $ +)*(/?&" / ()6? Â&#x2013; ? #% $ ? ?) *+ * %$? %* ")?& (# $ $*"/?%& ( * ?%$? &%- (? $ ( *%(6?
+
& ( * %$)? # $ (? % ?
)? Â&#x2013;%* "7? Â&#x2021; %> ! * 7? Â&#x2021; %*+$? (7? )?)*( )) ? * ? $ ? %(? %, ($# $*? *%? %#& $) * ? $, )*%()? - * ? ( $ "/?* . * %$?&%" )6 (? ) ? )+ ? ? %#& $) * %$?-%+" ?$%*?%$"/? $ %+( ? %* (? $, )*%()7? +*? ")%? %%)*? %)& * " */? +) $ ))6 .? 8 Â&#x2021; 9? *%? * ? ( "? $" $ ? , $+ ? (, ? 8 9? $ ? $* ($ "? ( , $+ ? * . )7? * *? )7? Â&#x2021; ? %$? )* 9?? ) " ( )? *%? * ? )* * ? %, ($# $*? )?- ""6 < *? )? - *? - ? ) ""? * *? - ? ( # *? & (*? *%? * ? ? - " ? ?, ? & (? $*? % ? * ? )* 9? ) " (/? )? & ? *%? * ? )* * ? %, ($# $*6? ²+)*? )%# ? -? /)? %?* ?"% "? %, ($# $*? (%+ *? ? * $ # $*? ( * ? ""? % ? 3517?111? %(?" )*?/ (? $ ? * ? ) # ? #%+$*? %(? 31247=? ? %#&" $ 6?? (? " # $* ? * *? * ? #%( ? #+"* &" ? * . )? * ? %* "? )? )+ * ? *%7? * ? #%( ?) (, ? ( )? ( ? ")%? ( , - 6? < ? %$"/? - /? - ? $?& /? )?*%?*( $) (?* ? %)*? *%?* ? +)*%# ()6= $? * ? )% "? ( )&%$) " */? (%"! ? % ? )? %* "? *%? * ? %)*? %##+$ */7? (? ) ?
)? Â&#x2013;%* "? )? $%*? " ! $ ? $? $* / $ ? - * ? * ? & %&" 6? Â&#x2013; ? ) ? * ? %* "? )? ( )&%$) " ? %(? * ? &(%, ) %$? % ? * ? *( $) %(# (? - ? )+&&" )? " *( */? *%? * ? $ %+( %% 6? < , $7?- $ , (?* /? , ? ))+ )? %$? * ? *( $) %(# (7? - ? * ! ? ( )&%$) " */? %(? *)? # $* $ $ 6?Â&#x2021;")%7?- $ , (? - ? , ? %&&%(*+$ */? %(? #&"%/# $*7? - ? %$* *? * ? %##+$ */? " (7=? ? .&" $ 6 "" $ ? )?" )*?23?#%$* )? $? +) $ ))7? (? # 4? ? * *? *? )? $%*? $? ? ? % ? (%) )?%- $ ?*%?* ? "" $ )? $+# ( * ? %, 6? Â&#x2013; 7? %- , (7? )? %$ ? $*?% ?- *? ? "" ? ? ( *? +*+( 6 < ? * $!? % ? %(? - ( ? - ? - ( ? / )* ( /7? - ( ? - ? ( ?*% /6? %?* ? "%(/?% ? % 7? - ? ( ? % $ ? ?$ 7=? ? ) 66 ? Â&#x2013; ? +( ? * ? %, ($# $*? *%? #&(%, ? %$? " *( */? )+&&"/? *%? ( + ? * ? %)*? %$? ) "? )+&&"/7- ? )? %(# ? ?)* " ? "* ($ * , 6 ;, ? %$ ?* (%+ ? ?"%*?% ? "" $ )? $?* ?& )*?%$ ?/ (? - ? , ? %# ? %( %4? $? ))+ )? $%-? )? /%+? $? ) ? * *? #%)*? % ? %+(? " $*)? ( ? & %&" ? (%#? %+*) ? Â&#x2021; %? ! * ? $ ?# %( */?% ?* #? ( ? %(&%( * ? " $*)6?
79
Saturday Newswatch, March 15, 2014
Politics
This time, APCâ&#x20AC;&#x2122;ll win landslide in Benue â&#x20AC;&#x201C; Party chieftain Architect Joe Ikyaagba was the founding national organising secretary of the defunct All Peoples Party (APP), which later became the All Nigeria Peoples Party (ANPP). He also won election on the platform of the APP to represent Jerchira federal constituency in the House of Representatives but the mission was scuttled because of the sudden death of the late former Head of State, General Sani Abacha. In this interview with DANIEL GBABO at his Makurdi residence, the former commissioner of works in Benue State explains why he left the Peoples Democratic Party (PDP) for the All Progressives Congress (APC) and why President Goodluck Jonathanâ&#x20AC;&#x2122;s planned national conference is a good idea though ill-timed. Excerpts:
Y
ou were a chieftain of the Peoples Democratic Party (PDP) for over 10 years. What informed your decision to dump the party for the All Progressives Congress (APC)? My defection into the APC is not up to one year. By April I will be a year in the APC. Be that as it may, at the national level and as a true patriot and a democrat for that 4 #
+ * * its democracy. Unfortunately, it has been shown over time that the Peoples Democratic Party (PDP) lacks internal democracy. Former President Alhaji Abubakar Atiku only recently spoke vehemently about it. Several
* 9 *
* + the party. I am not used to a system of impunity; hence the wisdom and desire for me to move out of the PDP. Secondly, this action would have been taken much earlier but for the fact that there was no cohesion % 0 ' + + * * the period of the former military * # 0 * ! *"% # + & 4 * time; but I do believe that we are all ' purposes. So, at this point when * * alternative to the PDP, it is most * the second reason I have to dump the PDP for the APC. The APC provides a very viable and robust platform for % What are the chances of the APC, come 2015? It is on record that the real party 2 + support has never been the PDP. I am aware and anybody who has been around can testify to that. If you can * *
* # about the new platform, then it will be very easy for one to point to the / 3 + 2 % of the way, one needs to really push because we are very conscious of the * * *
its chances. However, the situation in several other states where the PDP
* * in Benue too, we can make it. The * 4 '
* 0 * + to make it this time. How do you hope to penetrate certain areas, for example, Zone C, where the Senate president and a host of other PDP chieftains come from? * 2 0 * * % 3 # * / * * table in Makurdi. I later moved over 3 3 + + ' own senatorial zone. I built and + * * a senator. The APP of Benue State * * % 0 + secretary of the APP. By the time I moved into the Benue PDP, it was heavily factionalised. I was involved * PDP that was under the leadership of /' % 2 # * # + ' + ' * 0 2
It is on record that the real party in Benue State with grassroots support has never been the PDP. I am aware and anybody who has been around can testify to that
Ikyaagba + 0 * over and over. So, today, as I move into the APC, I have to work within \ + ' + the senatorial zone where I come % # + ' + # 0 + * + / 3 * 0 operations to my senatorial district the entire state. I do know that when *+ ' ' 9 * +
* Z *+ % 0 # those who support the party at the + other smaller components. Those are the people you need reach out to and % + 0 * % How do you hope to break the jinx, given the background that the PDP has always won in spite of the opposition since 2003? 0 * Z ' + deal. First, we never had one opposition party per se. They were all independent candidates. 4 * * * occasions but they had always failed. * alternative not just at the national level but also in Benue State. That + ' around. Secondly, I am not the only + *
* + oppression of the PDP. There are + time to decamp to the APC and that will be a major blow to the PDP in Benue State. I am conscious of that and I know where all the bones are *% + people out of the PDP to support the only robust mass movement of the APC, it will be quite certain that this time the APC will win landslide over and above the PDP. What is your take on the National Confab and the controversies that have continued to greet its convocation by Nigerians? Some of us have been quite critical about the national confab at this point in time. The concept of the *% + # % \ + # the approach is most undesirable of democracy. We are not in a military
% 2 # 0 * Z
+ + * * + % *
* * politics. It would have been a blossom + that make up the nation to decide who should represent them and speak on their behalf. For these two reasons, I donâ&#x20AC;&#x2122;t believe in it. Recently, the Independent National Electoral Commission (INEC) declared that it would not conduct election in troubled areas of the North. What do you think this portends for the 2015 elections? Well, it will be most unfortunate if such happens. How fair would that Ă&#x2018; 0 * # * * * + # % It is very obvious to everybody + % 4 * + * be their president. We should kick % What is your assessment of the President Jonathan-led Federal Government? # 0 *
*% Âź % $ *
* * * out. Some of the reasons are, one, + happens to be corruption. When you + * * 3 ' \ + *
4 * towards the unfortunate manner in + * * ministers, you will see that it is most unfortunate. We are not serious about ' + + * % If we cannot handle corruption then it means we cannot develop. Secondly, the last election that took place in Anambra State was such a % + % + + + + * * $ * + + * South Africa. Our shameful conduct * * * * % 0 QX comfortable with the performance of the present administration at the federal level.
Obianoâ&#x20AC;&#x2122;s swearing-in Continued from Page 16
* continuum, and therefore when Obiano formally takes + March 17, he would continue to receive the stateâ&#x20AC;&#x2122;s statutory allocation and revenues from other sources with which to
% Dr. Okeke equally said contrary to what people have
# 5
* * election, and wondered why he would turn around to condemn it. He said all these were speculations from the enemies of the APGA % However, Saturday Newswatch * / * was not bothered about + 5 * + tenure; rather, his concern is on how to step up the tempo + predecessor achieved. # 5 * + he spoke with newsmen at the 4 /+' %
said he would confront what he called three economic enablers which have 15 items, * # * * + # immediately he is sworn in. He also said there are four pillars of his administrationâ&#x20AC;&#x2122;s + + * # Ă&#x2014; * will take place in the food basin areas of the state to provide * * * * industries which in turn would * &
youths of the state and; oil and %
* would continue to work for * * the Anambra basin that would 9 * opportunities for the people. / * # / ' + * in trade and commerce, + ' the West Coast of Africa and + * * * improve trade and commerce * + + 9 / *
* wares to the entire world. The last of the pillars, said Obiano, is industrialisation of the state, which he said his administration would pursue * & opportunities for the people of Anambra State and make the state economically viable.
80
Saturday Newswatch, March 15, 2014
Politics
Yoruba are going to Confab with demand for true federalism â&#x20AC;&#x201C; Odumakin Human right activist, Yinka Odumakin, a delegate to the confab on the platform of Yoruba nation disclosed that the race has as one of its core agenda, a call for selfdetermination and proper federalism "#$"%&'()*%+/'0'"1%$%2131/% 451/4$6% Assistant Politics Editor, MANSUR OLADUNJOYE, writes:
governments while Kano State collects on the strength of 44 local governments. That can only happen where there is no proper federal arrangement. People want to break Nigeria now because of the 52 per cent revenue kept by the centre; people want to change those controlling it and those who truly love the country must come to admit that Nigeria cannot continue this way. There is need for paradigm shift.
S
3 & "
Justice Idris Kutigiâ&#x20AC;&#x2122;s ability to steer the conference safely ashore? I have not interacted with him personally, but I heard he is a man of integrity. Throughout his tenure on the bench, we didnâ&#x20AC;&#x2122;t hear any scandal about him. I expect him to perform excellently well. This shall be our own Philadelphia conference. / * are denied light of the day by the presidency, what happens? I donâ&#x20AC;&#x2122;t think this will happen. The President will not toy with this especially if one considers the caliber of people across the country yearning and preparing for it. Look, if this is not handled very well there wonâ&#x20AC;&#x2122;t be election next year. It is not a threat; it is a clear case.
ir, you were one of the agitators for a national conference. Now, as one of the nominees, what do you consider to be the agenda for discussion? Well, we cannot pretend that all is well in Nigeria. In any case, if all is well there wouldnâ&#x20AC;&#x2122;t be call for a national conference. That we are talking of a confab is a testimony that there are issues + 4 * * in the polity. Nigeria is not 4 * % 0 situation where on the eve of our centenary, Boko Haram went on killings 69 and abducted 32 people. It was a message to us that Nigeria 4 * % / * * 4 * is the fact that there is danger lurking. Our politicians are prepared for war, considering their comments, threats and actions. You heard former military Head of State, General / * / ' + said last week that the feud between President Goodluck Jonathan and the North may lead to the disintegration of Nigeria. That is from a man who has been going about troubled countries as UN
% / * politicians are tell us to forget Nigeria should they not have the power in 2015. Some militants from the South South are saying it is a must that President Jonathan returns next year or the country ceases to exist. So, in the midst of this, what we need now is the intervention of statesmen who can see beyond the next election; look at the next generation; look at the future of this country through a giveand-take-manner; come to the table and exchange ideas and reach consensus that can prolong the life of this nation to a build truly united country and at the end, avert the looming disaster. But the Igbo, through Prof. Ben Nwabueze, are calling for secession. How disposed are you towards this?
In the Yoruba agenda, we also included the fact that selfdetermination should be the right to secede. Does this mean that the activistsâ&#x20AC;&#x2122; community has shifted from the call for regionalism? No! You know that the United Nations agree with the right to secede. There is a country called Ethiopia. It had issues until 1995 when the nationals held a conference at the end of which they produced a constitution and section 39 of that constitution recognises the right for selfdetermination to the point of secession and from 1995 up till now, no section of that country had exercised that clause but before the conference, they + it. This clause has been there; they were careful, but they have not been provoked to exercise it. Yugoslavia and USSR are other countries, for example. They pretended not to have issues, but where are they today? They have disintegrated. So, the right to secede does not break a country. It is only when people are forced together against their wish that separatist feelings come in. Even when people know that they have this clause, they hardly use it. On what platform are you going? I am going on the platform of the Yoruba nation. What are the sentiments you and your team are going to whip up? We are not going to whip up any sentiment there. Let me tell you that the Yoruba nation is the most stabilising factor in Nigeria; we are about the only one among the big nationalities in Nigeria that have never questioned the corporate essence of Nigeria, even when we come under serious threats. We have been subjected to injustice than any other tribe in Nigeria; we have never said â&#x20AC;&#x153;end
Odumakin Nigeria.â&#x20AC;? Between 1962 and 1966, we knew what the late 3 5 /+ + went through in the hands of Northern Peoples Congress (NPC) government. We didnâ&#x20AC;&#x2122;t say â&#x20AC;&#x153;break Nigeria.â&#x20AC;? â&#x20AC;&#x2DC;June 12â&#x20AC;&#x2122; % years we were pushed beyond the wall; our brothers from the East were already leaving the South West in readiness for breakup. We were only asking for justice. On July 5, 1993 when the late Head of 2 # 2 / # rolled out the tanks 365 dead bodies were counted in Lagos State. We didnâ&#x20AC;&#x2122;t ask for war. / ' * to go to war so that he could destroy Yorubaland, we didnâ&#x20AC;&#x2122;t fall for that gambit. We are going to the conference with a federalist agenda. For Nigeria to progress, it must embrace federalism. It has been argued that there is no way you can run a multi-ethnic nation on unitary line without having problem. Federalism is the
we are going there to ask for proper federal constitution. Today, Nigeria is neither a republic nor a federation. It is federalism that Yoruba is taking to that confab that is what can save the country
answer. We killed federalism in 1966; that is why the best means of government in Nigeria remain in the past. So, we are going there to ask for proper federal constitution. Today, Nigeria is neither a republic nor a federation. It is federalism that Yoruba is taking to that confab; that is what can save the country. Do you think the northerners share same view that you appear to share with the Igbo on secession? No! They donâ&#x20AC;&#x2122;t share same view with us and there is a reason for that. We need to talk to ourselves; this is the moment of truth for this nation. I think it was Tanko Yakassai that reminded /+ + Z * republic, after the motion for independence by the 3 / in 1953, the North (NPC) came up with confederal arrangement for Nigeria with an eight-point programme where they were saying that every region should be on its own; that there should not / \ we should have loose centre with just few core services. Of course, the NPC and Northern Elements Progressive Union (NEPU) were unitarists but / * banner of federalism. Now those calling for confederalism have changed their minds because of oil. When oil was found in the South South and there was the need to keep it, the proceeds made them to change their minds. Imagine Bayelsa State, one of the richest oil-producing states having eight local governments while Kano has 44 and when the time for sharing comes, Bayelsa State collects revenue on the basis of eight local
What is your view of â&#x20AC;&#x2DC;no-goâ&#x20AC;&#x2122; areas at the conference? No responsible government will allow talk on break up. / * # 0 * Z
participants should be gagged. How will you react to Prof. Wole Soyinkaâ&#x20AC;&#x2122;s refusal to accept the centenary award? There is need for people to really understand the nature % / # 4 * % The country does not have % / # + many people fought him in the North. To some people, / + * 0 say that if they had honoured all past heads of state and / # + * be riot in Kano. Until we are able to build consensus around certain issues, we cannot have national honours. Soyinka rejected the honour / + list, just because we do not have agreed national culture, shared values; no agreed consensus; no agreed view on heroism and honour. Until we do that, it is abnormal to talk about national honour.
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Saturday Newswatch, March 15, 2014
PDP storms Imo, holds rally amid pomp
Groups decry quality of delegates to confab Mansur Oladunjoye
S
Emma Mgbeahurike, Owerri
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he city of Owerri, Imo State capital, came alive and bubbled once again with the gathering of thousands of supporters of the Peoples Democratic Party (PDP), including the who is who in the party for what it tagged, â&#x20AC;&#x2122;Unity Rally,â&#x20AC;&#x2122; recently. Stalwarts of the PDP from the entire country emptied into Imo to give the necessary hype, taste and candour to what could be referred to as the â&#x20AC;&#x2DC;storming of Imoâ&#x20AC;&#x2122; with the intention to take over the state in 2015. This is accordance with the fact that the party believes that the state is a PDP state, not minding the elite conspiracy coupled with the revolution of the masses in 2011 which led to the emergence of Owelle Rochas Okorocha, then of the All Progressives Grand Alliance (APGA), as governor. The partyâ&#x20AC;&#x2122;s present posture is aimed at re-conquering the state as expressed by the elite and members who gathered at the Dan Anyiam Stadium who relieved their errors and miscalculations in the saga of the 2011 governorship election, which moved former Governor Ikedi Ohakim to tell all, including President Goodluck Jonathan, Vice President, Namadi Sambo and Senate president, David Mark, that he did not lose the election, but only lost the calculation. Impressed with the large turnout of the partyâ&#x20AC;&#x2122;s supporters and bigwigs, Jonathan, exclaimed: â&#x20AC;&#x153;What we have here is the timber and caliber, including the caterpillars of Imo politics; who is left?â&#x20AC;? He stressed that Imo State belongs to the PDP and that the party only lost in 2011 due to squabbles and wrangling. He used the opportunity to caution members to guide against such â&#x20AC;&#x153;costly mistakeâ&#x20AC;? and reclaim what rightfully belongs to them. This was accompanied by harvest of souls and receipt of decampees from the defunct Action Congress of Nigeria (ACN). Those who joined the party at the event include former Governor Achike Udenwa, Senators Ifeanyi Araraume and Chirs Anyanwu who is decamping from APGA, Chief Mike Ahamba (SAN), Chief Noel Chukwukadibia Chief Cosmas Iwu and their sympathisers. Chief Udenwa stated that he understood Imo politics and as such could pull the needed strings, thus positioning himself as the â&#x20AC;&#x2DC;grandmasterâ&#x20AC;&#x2122; of Imo politics. This development sent a very strong signal to the stateâ&#x20AC;&#x2122;s All Progressives Congress (APC) which after the event lamented how Imo people sang PDP praises. President Jonathan, at the event, advised Nigerians against the shedding of innocent blood in the name of politics as no blood is worth shedding for any reason. According to him, â&#x20AC;&#x153;the day Nigerians will learn how to play politics without 4 # 4 democracy.â&#x20AC;? He stressed that politics is not a * * 9 # follow the world standard and learn to play politics of accommodation and inclusiveness. He sought for more membership
Politics
President Jonathan (second from left) at the PDP rally in Imo State for the PDP before it is too late, noting that the time for defected members and all persons who intend to join the party to come in is now as anybody who joins later would be regarded as a latecomer. He explained that the PDP represents the overall interest of the nation and that if it runs into problem, it would impact negatively on the African continent. He said: â&#x20AC;&#x153;We are here for a unity rally and to receive back our members that stepped aside. We used to be together and I am happy to receive them back to the fold; we have not changed our logo and we have not changed our name, the party portrays viable ideological values.â&#x20AC;? He revealed that the doors of the party are open for anybody to contest election and that â&#x20AC;&#x153;you donâ&#x20AC;&#x2122;t need to be a money bag to contest elections.â&#x20AC;? Explaining that Imo State belongs to the PDP and that all notable
extraction, the President said: â&#x20AC;&#x153;We will take over the state come 2015 and this is a clear indication that we are set for the crusade.â&#x20AC;? President Jonathan noted that the PDP had become the symbol of the nation because of its consistent promotion of democratic principles, rule of law and politics of inclusiveness and stability, expressing delight that the state had really returned to the party. Also speaking, the national chairman of the party, Alhaji Adamu Muazu, expressed astonishment over the 2011 internal wrangling and the miscalculation that cost the party the number one seat in the state. He told PDP members aspiring for elective posts in 2015 that â&#x20AC;&#x153;this is the dawn of a new era and we because power comes from God.â&#x20AC;?
What we have here is the timber and caliber, including the caterpillars of Imo politics; who is left?
He assured that the partyâ&#x20AC;&#x2122;s umbrella is large enough to accommodate anyone wishing to join the party even as he pleaded for team work and espirit de corps among them to enable the party comes out victorious in all the 2015 contests. Vice President Sambo described the occasion as a clear testimony of the success story of President Jonathan and the national chairman # 4 * 6 laboured to inject new blood into the party. In his comment, the chairman of the partyâ&#x20AC;&#x2122;s board if trustees, Chief Tony Anenih, stressed that a record had been created and enjoined party members to practise politics of reconciliation to enable 4 % According to him, the return of the former members to the party marks eloquent testimony that the party is set for greatness. He expressed optimism that the electorate would stand solidly behind the President come 2015 as they did in 2011. Senate president Mark, his deputy, Ike Ekweremadu, deputy speaker of the House of Representatives, Chief Emeka Ihedioha, chairman of the PDP governors forum, Governor Godswill Akpabio as well as the /9 # % Viola Onwuliri, all spoke in the same vein and enjoined the Imo electorate to vote massively for the PDP in 2015 so that they could fall in line with democracy tenets and move the nation to the next level. Reacting, the senior special assistant (SSA) on media to the state governor, Sam Onwuemeodo, said Governor Okorocha has put to shame some chieftains of the PDP in the state who wanted to use the visit of President Jonathan to blackmail him, when he personally received Mr. President at the Imo airport with other prominent citizens of the country. Said he: â&#x20AC;&#x153;The PDP chieftains in the state had tried to cause trouble in the state with the Presidentâ&#x20AC;&#x2122;s visit, but the state governor kept his cool, and allowed wisdom to prevail, and went to the extent of urging Imo people to come out in large number to receive Mr. President. š 4 * PDP leaders in the state to deceive Mr. President to come to the state through the Delta State Airport was 9 * $ % * who was said to have insisted on visiting through the Imo Airport since he has no personal problems with Governor Okorocha.â&#x20AC;?
ome Yoruba groups during the week said it * 6 to prove that the regionâ&#x20AC;&#x2122;s delegates to the national conference are the best it could 9 % A statement signed by representatives of each of the eight groups said the list was a detour from the advocacy made from all quarters, especially the Yoruba royal fathers, that the region must send its â&#x20AC;&#x153;First 11â&#x20AC;? to the conference, if it must maximise the opportunities it presents. The groups were represented by Afenifere Renewal Group (ARG) â&#x20AC;&#x201C; Hon. Olawale Oshun, Oodua Foundation â&#x20AC;&#x201C; Prof. Banji Akintoye, Oodua Nationalist Coalition â&#x20AC;&#x201C; Adesoji Aderemi, Agbekoya Reformed Society â&#x20AC;&#x201C; Chief Kunle Oshodi, Oodua Peoplesâ&#x20AC;&#x2122; Congress â&#x20AC;&#x201C; Edward Olusola Ajayi, Atayese â&#x20AC;&#x201C; Chief Adekunle Olaiya, Covenant Group â&#x20AC;&#x201C; Dr. Kola Afolabi, and Afenifere Youth Forum â&#x20AC;&#x201C; Dotun Atilade. The statement titled â&#x20AC;&#x2DC;South Westâ&#x20AC;&#x2122;s Confab Delegates List: is this our â&#x20AC;&#x153;First 11,â&#x20AC;?â&#x20AC;&#x2122; * * * list published by the Federal Government as a â&#x20AC;&#x153;gathering of the good, the bad, and the ugly.â&#x20AC;? It said: â&#x20AC;&#x153;While we cannot speak on how delegates from other ethnic nationalities and interest groups emerged, we owe the Yoruba people a duty to provide some insights about the delegates from the South West. Not doing so, in our view, may be misinterpreted as an endorsement of the process. â&#x20AC;&#x153;We could have sent our own list of delegates to the 56 2 Government of the Federation. But we did not. We put the regionâ&#x20AC;&#x2122;s interest above any other considerations in order to create a united platform that will best serve the aspirations of Yoruba people. This decision seemed right, considering the advocacy from every quarter that the region
dd
must send its â&#x20AC;&#x153;First 11â&#x20AC;? to the conference. This informed our decision to participate at the Ishara unity meeting and also at the Grand Yoruba Summit in Ibadan. š + # * 6 those that masterminded the
4 # truly represents Yorubaâ&#x20AC;&#x2122;s â&#x20AC;&#x153;First 11.â&#x20AC;? The â&#x20AC;&#x2DC;selectionâ&#x20AC;&#x2122; process got so convoluted that people who did not expressly endorse the harmonised Yoruba Agenda for 2014 national conference made the delegates list! â&#x20AC;&#x153;This is a worrisome development that gives some credence to the rumour making the rounds that the delegates to the national conference might have been selected for other reasons at variance with the plan to restructure the country and
* many problems. Should this conference therefore fail to meet the expectation of our + 4 federalism - let every Yoruba son and daughter know where the betrayal emerged from. â&#x20AC;&#x153;We are still asking ourselves if there is truly an unspoken agenda that the President wants to achieve by convoking this conference and we would wish the answer is negative. But the myriad of controversies trailing the published delegate list by the Federal Government suggests that some delegates were forced in against the wish of the people. â&#x20AC;&#x153;Certainly, there are some delegates whose credibility and loyalty to the Yoruba agenda and the pursuit to restructure Nigeria is unwavering. There are also those who are perceived, largely due to their antecedents, as reactionary elements who would rather want the retention of the status quo. We hope those in 4 their worth at this conference and put national interest above any parochial interest,â&#x20AC;? it declared.
30-month salary arrears: NUJ vows to disrupt Champion Newspapersâ&#x20AC;&#x2122; award
L
agos State chapter of the Nigeria Union of Journalists (NUJ) has vowed to disrupt the planned award ceremony by the management of Champion Newspapers Limited (CNL). This is because the newspa + 9 + yearsâ&#x20AC;&#x2122; salary. Speaking at the March congress of the union last Saturday, its chairman, Mr. Deji Elumoye, expressed disappointment with management of CNL for spending millions + * 4 + * ceremony which is scheduled for next month, and during which it wants to honour Gov-
ernor Kayode Fayemi of Ekiti State as Governor of the Year. According to Deji, the union has no problem with the honouree, but the newspaper which has so much to spend on an award and yet not will 9 + already living in penury. â&#x20AC;&#x153;I assure you that the award will not hold; we will disrupt it. If they like they should take it to Imo State, the home of the publisher; we will be there. We will carry placards,â&#x20AC;? the chairman threatened, adding that the union has been patience enough with the management and could no longer bear with it.
82
Saturday Newswatch, March 15, 2014
Politics
2015: INECâ&#x20AC;&#x2122;s powers & premature campaigns by parties impunity on the part of politicians, recalling that political parties in the country had earlier signed a code of conduct and Mansur Oladunjoye, promised not to overheat the Asst. Politics Editor polity. He said: â&#x20AC;&#x153;When you look around, what you see are he nationâ&#x20AC;&#x2122;s electoral umpire fundamental breaches against - the Independent National these agreements.â&#x20AC;? Electoral Commission According to him, â&#x20AC;&#x153;posters (INEC) - had on January 25 and billboards also fall within released the timetable for next 9 % Z yearâ&#x20AC;&#x2122;s general elections, hinting poster pasted and you sit back the political class about the and say someone put it there on implications of campaigning my behalf. If someone put it there, earlier than November this year. why did you not stop him,â&#x20AC;? Jega Alas! INECâ&#x20AC;&#x2122;s seriousness and asked. will were tested and proven Jega however explained that 9 there is â&#x20AC;&#x153;a thin lineâ&#x20AC;? between the which have, even before the * 9 % release of the timetable, been If a rally is to â&#x20AC;&#x153;promote the natural stylishly campaigning. progress of the party and not the The state of ridicule the exercise candidate,â&#x20AC;? this will not breach has reduced INEC to, prompted political pundits to query whether the Act, but if a party goes there to say vote for me, then you have the Commission is capable of crossed the line.â&#x20AC;? taming the wild parties and However, criticisms in their sponsors. As challenging as no small measures have this poser may seem, it has not continued to trail the INECâ&#x20AC;&#x2122;s 4 * timetable. They are alleging from analysts. * > # 0 3 # % /4 Jega, last Monday, at a parley with prompting the commission to announce that the timetable news managers in Lagos State, was informed by rational and restated his warning to political logical considerations, and not parties to stop violating the rules sentimental or ulterior motives. governing electioneering ahead Governors of the All of the 2015 polls. He complained that all the parties had violated the Progressives Congress (APC) have alleged that the timetable rules on campaigns. was induced by the presidency. He had said: â&#x20AC;&#x153;It is wrong for But INEC in a statement signed anyone to be campaigning for by the chief press secretary to votes as a candidate for now. the INEC chairman, Mr. Kayode Since parties had not conducted Idowu, said the commission was primaries, no candidate could lay mindful of its own operational claim to any platform yet. When 6 9 * practices in grouping national in 2015, it is wrong because there elections together for one day, and is no platform. This can only state elections together for another happen when primaries have day. been conducted.â&#x20AC;&#x2122;â&#x20AC;&#x2122; According to the statement, The INEC boss warned 1 # +
* Âź politicians to play by the rules, from the audience after a saying the Commission, police presentation at Chatham House, and other security agencies were London, penultimate weekend, identifying politicians that had dismissed suggestions that INEC breached the rules in some states, was under external pressure in adding that defaulters shall soon designing the election timetable be brought to book. the way it did. Jega, however, gave the parties Jega argued that â&#x20AC;&#x153;nobody has leave to hold rallies provided put us under any pressure. We they do not campaign for votes did these things logically and for the 2015 elections, hoping rationally, in terms of what we that the 2015 polls would be 4 %
considered best for our country.â&#x20AC;? Responding to an enquiry also expressed concern over the on the rationale for the election 4 * ' * # schedules, the INEC chairman especially politicians. explained that the country is not He urged such politicians to developed enough to have all 4 * * the elections in one day. He also the rules of the game, noting that disagreed with suggestions that INEC had substantially â&#x20AC;&#x153;placed the elections were drastically square pegs in square holesâ&#x20AC;&#x2122;â&#x20AC;&#x2122; to reordered, when compared with ensure improvement in future those of 2011.
% š * 9 â&#x20AC;&#x153;As far as we are concerned, that anyone who does anything wrong will have himself or herself the presidential election is not * % + * * to blame,â&#x20AC;? he added. that we combined the national The commission at the parley, elections, so you canâ&#x20AC;&#x2122;t say that disclosed that it has started presidential election is placed compiling names of politicians
#¡ *% who have already started Meanwhile, on Jegaâ&#x20AC;&#x2122;s campaigning prematurely for disclosure that his commission possible sanctions, reminding all was compiling a list of electoral that the culprits have breached the Electoral Act, which stipulates law breakers, political parties, mainly the opposition members that candidates can only begin and some civil society groups campaign 90 days to an election. dismissed INECâ&#x20AC;&#x2122;s threats which He described this act as
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INEC Chair
APC Chairman they said would amount to nothing. Interim national publicity secretary of the APC, Alhaji Lai Mohammed, said Nigerians expected Jega to speak out when the ruling Peoples Democratic Party (PDP), started its campaign ahead of others, saying â&#x20AC;&#x153;that he (Jega) has not impressed anybody. The President has been going round; he went to Minna, Sokoto, Kwara and Imo states, and Jega did not say anything. Has he now found his voice? â&#x20AC;&#x153;It is like an umpire in a football match who has allowed a team to score a goal using their hands,
If INEC no longer has the power to do its job, it must tell us instead of saying all the parties have done this or that. We are not campaigning and we are not doing any rally. The commission knows this
PDP Chairman
LP Chairman now shouting that he was to maintain the rules; it is too late,â&#x20AC;? he added. Similarly, the national chairman of the Labour Party (LP), Chief Dan Nwuanyawu, said INEC has since showed that it lacks the courage to discipline political parties found contravening the Electoral Law. He noted that it is wrong for Jega to accuse all the political parties of contravening the law when he (Jega) knew the parties that were involved in the illegality. He said: â&#x20AC;&#x153;That statement by Jega was unfortunate. It was unfortunate because we have
4 activities of some political parties contravening the Electoral Law on campaign. â&#x20AC;&#x153;Instead of mentioning the parties that are involved, he said all the parties. That is wrong and unfortunate. It is not acceptable and we wonâ&#x20AC;&#x2122;t accept that. â&#x20AC;&#x153;If INEC no longer has the power to do its job, it must tell us instead of saying all the parties have done this or that. We are not campaigning and we are not doing any rally. The commission knows this.â&#x20AC;? Human rights activist, Mr. Ebun-Olu Adegboruwa, and the president, Nigerian Voters Assembly, Mr. Mashood Erubami, advised Nigerians not to take INEC and Jega serious. While Adegboruwa urged Nigerians to take INECâ&#x20AC;&#x2122;s assurance â&#x20AC;&#x153;with a pinch of salt,â&#x20AC;? Erubami described it as a contradiction. Adegboruwa, who is also a legal practitioner, said: â&#x20AC;&#x153;The information from INEC chairman, Prof. Jega, that the commission is compiling a list of election rulesâ&#x20AC;&#x2122;
breakers, should be taken with a pinch of salt, having regard to the previous records of the commission. â&#x20AC;&#x153;Under and by virtue of the 1999 Constitution and indeed the Electoral Act, INEC is saddled with the responsibility of directing * 9 and conduct of political parties registered by it. â&#x20AC;&#x153;But this has not been the case % 0 *
* 4 * dignifying for INEC to admit that the political parties currently existing, especially the PDP and APC are more powerful than INEC. â&#x20AC;&#x153;The commission has become like a toothless bull dog that is only barking and cannot bite. Otherwise, what is the essence of INEC making rules that it cannot enforce or implement? And if this is the trend now, pre-2015 election, only God can say what will become of 2015, when the real election comes.â&#x20AC;? He also said that beyond this, > INEC rules should be sanctioned by INEC, either through * Âź candidate or prevent them from participating in the particular election for which they breached the rules. On his part, Erubami said: â&#x20AC;&#x153;It is a contradiction; what we have to know is that INEC lacks the capacity to bring election 9 * 9 % 0 3 * for the assistance of the Nigerian Bar Association, all to no avail. Therefore compiling the list 9 * * electoral impunity but a means to achieving the end.â&#x20AC;? Meanwhile, Saturday Newswatch recalls that the INECâ&#x20AC;&#x2122;s timetable runs thus: Presidential, National Assembly elections: February 14, 2015: February 28, 2015: Gubernatorial and State Assembly elections: June 21, 2014: Ekiti gubernatorial elections - June 21, 2014 and Osun gubernatorial â&#x20AC;&#x201C; August 29, 2014. According to a statement by INEC secretary, Mrs. Augusta Ogakwu, the timetable also shows that the last day for the conduct of party primaries is April 14, 2014. The timetable further shows that the last day for submission of forms CF001 and CF002 at the INEC headquarters is April 21, 2014. Publication of personal particulars of the candidates shall take place on April 26, 2014. The last day set aside for withdrawal by candidates and their replacement by political parties is May 7, 2014; while the last day for submission of nomination forms is May 20, 2014. 6 voters is also scheduled for same day while the commission set aside publication of notice of poll for June 4, 2014. The table also shows that submission of names of party agents for the polls to the electoral 6 area council is June 5 while the last day for campaigns is June 19, 2014.
83
Saturday Newswatch, March 15, 2014
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has been one of the most consistent advocates of a national able to b that it is unacceptable be and rejected the non-inclusion conference to discuss the fum a confe shoved it aside, from confer- of its delegates in the national ture existence of Nigeria. In conference. ude. ence of such magnitude.
deed, a national conference is views â&#x20AC;&#x153;The IYC the exclu- one of the foremost demands hat its exThe IYC alleged that / * 4 % "/
* 4 * 4 of% the IYC as enshrined in the !/ / " / ! / !/ & " !/ Â&#x2021; deny Ijaw youths and exto deny Ijaw youthss and the " / "% / Declaration. / by historic / $ / % /Kaiama % !/ */ !Delta / / the # " â&#x20AC;&#x153;Therefore, ĂŹ / " / youths Niger pportu Niger Delta the opportunity / & " " / for # " the / IYC, tension /% " $ */ # */" / # # !!/ 4/ */ ! / " the privilege / " " / )the umbrella ! / of canvassing their ageage-long # $ /to participate body of all"*/Ijaw / $ ! / / ! !/ / # / ! # "/ their / / " / / " # !*/ and canvass !) ce co clamour for resource control */ % !/ youths worldwide, the fourth /!#! age-long # / 4/ */% /% !/!#! !" " / $ / $ " "/ " / " / # /position / $ resource / / on. and self-determination. largest ethnic group in Nige" / $ on / ('*/ % control % / -!/! "&/ / / " / /" / $ " / / " /% / / and selfdetermination at the / " / According to a state statement " */% ria to/ $ be ! excluded "#from a list / &/ # !/ /& / # / / " &*/ !" " ! # "& !*/ % $ */ / + # !" &)/ #! */ / that conference. by IYC spokesman,, Mr Mr. Eric national / has a total of 12 nominees / #/
/ " " / #! / $ " #! */ % / " / " $ !/ â&#x20AC;&#x153;It is on record that the IYC ,/ &/" /& # / Omare, the group ffrowned $ */ " /
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87
Saturday Newswatch, March 15, 2014
Soulmate
With Amina Brai Omoike amina.omoike@mydailynewswatchng.com Tel: 0708-737-6877
I donâ&#x20AC;&#x2122;t trust my boyfriend
I
* + 0 0 * Z % Ă&#x2018; # * 2
Kate, Z * * žXX % we all know that nobody is perfect * ' * + * % 2 4 ' + + % @ Z * * + % $ # * + are. If youâ&#x20AC;&#x2122;re religious, discuss those beliefs now. Talk about how + + *% @ about each other, your pasts and * % Discuss acceptable and % 0 ' # * * % If your partner disagrees with ' # ' yourself if itâ&#x20AC;&#x2122;s worth doing and '
+ Ă&#x2018; * + + * * you. Itâ&#x20AC;&#x2122;s not fair for one person to set boundaries and then not * '
% 5 ' yourself can do. 3 % with what youâ&#x20AC;&#x2122;re up to and what you expect, the less guesswork needs to be done. When thereâ&#x20AC;&#x2122;s Âź thatâ&#x20AC;&#x2122;s where distrust can creep in. Donâ&#x20AC;&#x2122;t break boundaries and * Z % / + % your own conscience. If your Âź # * Z *%
* + * ' Ă&#x2018; 4 * to hide, so if you do this you will % 0 * ' # * Z lie when youâ&#x20AC;&#x2122;re asked. The worst thing that could happen probably will and that is that if your partner
* # + * # %
Which are my wifeâ&#x20AC;&#x2122;s safe days?
W
hich are the safe days + Ă&#x2018; $ + * I had sex on the third day of her cycle, when she was still bleeding a 4 % 0 * Ă&#x2018; 2 * ½Ă&#x152; * žº % * + + * # +
% Peter, Badagry You need not use a condom during the seven days of the menstruation and the last seven days of her menstrual cycle. The safe period refers to the window period where a woman is less
likely to get pregnant if they have unprotected intercourse. The normal womanâ&#x20AC;&#x2122;s menstrual cycle is supposed to last 28 days. Of these only days eight to 19 are considered fertile i.e. a woman is likely to have a baby through unprotected intercourse, all other days are safe. The cycle is considered to 2154D%&4"#%"#1%F/G"%*$I%'J%2)11*4D5%$D*% ends when the bleeding starts again. Opting to have sex during the â&#x20AC;&#x2DC;safe periodâ&#x20AC;&#x2122; isnâ&#x20AC;&#x2122;t fool-proof though. A lot of women have irregular cycles and the cycle length can vary from women to women. Thatâ&#x20AC;&#x2122;s why the so-called â&#x20AC;&#x2DC;safe periodâ&#x20AC;&#x2122; is not in truth not that safe $D*%4"KG%2131/%"'%(G1%L'D*'0G%'/%'"#1/% contraceptive methods like the oral pill to prevent unwanted pregnancies.
W
Wole, a 40-year-old Mastersâ&#x20AC;&#x2122; degree holder needs a working class lady for a serious relationship. Call: 08038341039 6 Ă Q * * resident in Port-Harcourt. I need a beautiful lady of 25 to 28 years that fears God, has respect for herself as a wife to * * + % 2 * be working-class or doing % 2 * * body and should be ready for a relationship which would lead % 2 * % % Call: 07019830040, 08036725736 # * Ă?Ă?# * 5 2 * @ %
* $ # # + + * * % 2 * * +
Ă X * Ă Âş old. Call: 09093305024 Joshua, 26 years old, resident in @ ' &
* * Ă Âş Ă&#x2039;X% 0 * needed. Call: 09032427264, 08039263817 $ # Ă X *#
* + % 0 % Call: 07055044513, 08038468641 $ 2 0 @ % 0 ½Q *% 0
* * between the ages of 20 and 27 for a serious relationship. Call: 08095878875, 08109028537 $ /& 5 + 5 * 2 # * Ă Âş% 0
* * +
½Q * à à for a serious relationship. Call: 07031557778 2
* * 3 + ' + Ă&#x2DC; + Ă X Ă?X % Call: 08129829838
When should I have another child?
* * 1 % 0 + + * * Âź ' % 0 post-graduate course and a full + % + # 0 to start work in 2015. I want to * Ă? + ' Ă? ' 0 % Ă&#x2018; Okwuchi, Lagos
Dating Calls
Okwuchi, Many studies agree that every woman should wait for two to three years in between births. Waiting 18 to 23 months after the birth of your last child before conceiving another seems best for the new babyâ&#x20AC;&#x2122;s health, according to several studies. Having a gap of less than 17 months 4G%$GG'L4$"1*%&4"#%$%G45D4FL$D")I% increased risk of having a baby of prematurely and underweight. The risks are highest for babies conceived less than six months after the birth of a previous child. And those conceived
0'/1%"#$D%FU1%I1$/G%$J"1/%"#14/%L)'G1G"% sibling also face an increased risk for these outcomes compared to babies conceived 18 to 23 months after the last birth. Generally, a womanâ&#x20AC;&#x2122;s body needs time to recover from the stress of giving birth and replenish all the nutrients she lost as a result of the F/G"%+/15D$DLI6% 'DL14U4D5%$5$4D% 18 to 23 months after giving birth may also capitalize on changes to your body as a result of the previous +/15D$DLI%$D*%24/"#%"#$"%21D1F"% carrying another baby.
Do you have a relationship or an emotional issue to share or seek advice on? Contact the number above (SMS only).
# #
* * Christian, responsible, honest and trustworthy,
* * + ' + Ă&#x2DC; + Ă X Ă?X % Call: 08137163321 TJ, aged 48 years is educated and *% * 0 * # he needs a working-class single +
�X * �º + * @ # 2 0 * friendship. Call: 07081431259 2# �½# * @
* # * + ' * +
½º à º relationship. Call: 07083249216
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( != # = $# ! "5= # " ! = 8 $ & ( #"= )&'(95= & "( -= ) (= ( = $ #$ = # = Â&#x2122;# = Â&#x2021; # )"& "= * = " &= -#5= )" + & '= + "= ( -= '(#&! = = #!$#)" = -=)' = -= ')'$ ( =& () '('=(#= &&-=#)(= ( &=" & #)'= ( * ( '4 = ( & = ( (=( = & =# = " = #!$#)" = '= -= = #+" = -= #" = &)= ' ' 4= Â&#x2021;= ' & = #" ) ( = "= ( = #!$#)" = & * = ( = $& ' " = # = = " '= # = 6 == '= " = "# ()&" = ( !'5=') '( " =( (=( =$ = + '= = & ! " = * "4= " =# =( =&##!'=+ '=' =(#= #"( "= 9= & "(= '= + = #& " = (#= '#)& = #" = (#=( =! "-=* ( !'=# =( = " 4= Â&#x2021; ( #) = ( = # = ( !9'= ' & = #&= ' ' = #) = = "#(= - = & ') ('5= ( = $# = = #!! " = "= "( "' = )"(= #&= != + ( = = * += (#= ( &#+ " = (=#"=( =$)&$#' = #&=+ = ( = #!$#)" =+ '=' (=)$4= Â&#x2021;= # = '#)& = ' #' = ( (= '#! = ) " = & '! "= + #= *# )"( & = " #&! ( #"= #)(=( =$ 5= #" =&! =( (= ""# "(= $ #$ = = #'(= ( &= * '= "=( = #!$#)" 4 :_ -= ' = ( -= )') -= &= ( = &-= # = '#! = $ #$ = "= ( = ! " (5= )(= #) = "#(= #= "-( " = )' = ( -= + & = " &#)'4= (= + = #)" = "= ( = $ = ' #+ = ( (= (&) -= ( -= + & = "(#= = ' & #)'= & ! = "= ( (= #!$#)" 5= " = + = +#) ="#(=& "(=)"( =( -= & = ) (5;=( ='#)& =' 4
_ = =# =Â&#x2122;# =Â&#x2021; # )"& "= * 5= = # #&)"' #= Â&#x2021; # 5= + "= ' = #)(= ( = # = ' #* &-= "= '= #!!)" (-5= ,$& '' = ' # 4= _ #) =Â&#x2021; # = #" =&! =( (= = = = )' " ''= & ( #"' $= + ( = ' ' 5= =' = = ="#(= "#+= != -#" =( (4 : "=Â&#x2021;) )'(= '(=- &5= = ! = (#= )-= "= & =# = " = &#!=! 4= Â&#x2013; = (# = ! = = + "( = (#= )' = ( =$ = #&= = !=* =+ & = (#&'=+#) = #! = " =& #& = ( &= = !'4= = = "#( " = "'(= ( '= )' = = ' += (= '= $ &(= # = * #$! "(= # = ( = #!!)" (-4= = " * &= " += = + '= "(#= '#! ( " = ' 5;= = ' 4
# = ) = ( #"'= 6 == &5= = -#= ( ( = #!! " 5= ' = )+# < " #&5= ' = &= ! "9'= "* ' #"= # = ( = #!$#)" = # #+ = = ( $< #9== & * = &#!= = &#)$= # = -= '()& = $ #$ 5= + #= = #" =!#)"( =')&* " = #"=( =')'$ (= " = '= " 4= _ = = ' = '$ ( = ( = (= ( (= "# # -= + '= && '( = )& " = ( = & 5= &= ! "= = ,$& '' = #" = " = "= "')& " =( = " = & = &#) (= (#= ## 4= : )&= ! "= & = & -= ! $$ " =#)(='(& ( -=(#= (=( = #+" &= # = ( = #!$#)" = " = '=! ! &'4=_ -= ""#(=&)"= #& * &4=Â&#x2021;" =( '= '= '#=( " =
( = $) = (#= = * "(= " = )&" ' = )'= + ( = " '' &-= ) = ( (= +#) = = (#= ( &= && '(= #& =( -=& &#)$= " = )' = !#& = *# 4=_ =( ' =# = 4= " = ( !=+ = = '-= =( =$) = ##$ & ( =+ ( =)'5;=' =' 4= )&( &= " #&! ( #"=& * = ( (= ' ' = '= =" ( * =# = -#4=Â&#x2013; = + '=' =(#= * = " #" = '= *# ( #"= '= =*) " ' &= "=0./0= #&= (& ( #" = " 5= = " = '#! = ! ! &'= # = '= ! -= & $#&( -= &#+" = (4= (= + '= &"(=( (= '= #&()" = " = + ( "= = - &= + "= = ) (= = ( '( ) -= )&" ' = )" #+= "= '= #! (#+"5= " = * = = =$&# = = '(- 4= :Â&#x2013; '= $ #$ = ! = )& #)'=
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* ' #" = # = &= # = 8 9 * ' #" = Â&#x2013; %) &( &'5= ' 5= ')"= ( ( 5= Â&#x2021; + "! = 4= ²#' ) 5= '= #!! " = ( = "'$ (#&< " & = # = # 5= Â&#x2122;) !! = Â&#x2021; ) &= " = ( = # = &* = #!! '' #"= #&= '= & "(= * ( #"= (#= )$ & "( " "(=# = # 4 _ = = '#= ( " = # = #&= ( = * #$! "(= + = = ,( " " = $$& ( #"= (#= ( = #!! '' #" &= # = # 5= & !=Â&#x2122; ' ")4 = : (= '= (( &= (#= = ( = ( "= (#= = ( = ( 4= = '#= ' " & -=( " =!-=$ & "('= " = ! -= #&= ( &= #* = " = & 5= " = !#'(= !$#&( "( -5= = ( " = !-= #* " = + = " = & "= #&=( &= & = " =$& - &'5;= =' 4 = _ = 5= ( & #& 5= $&#! ' = (#= #) = '= #&(= "= ! ( " = ( = ,$ ( ( #"= # = ( = $# = )( #& ( '= " = = = & '$#"' = # &= (#= ( = $) = " = ( = " ( #"= '= = + # 4 : -= ( = '$ = & = # = # 5= = + = #"( ") = (#= = ( = (#= !-= )(-5= " = = !#& = $&# ( * = "= ' &* " = !-= ( &9'= " = ! & (#& #)' -5;= = 4
! ! !
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#)' = " = # ( =( = -=# = &= &4=_ -= &#* = =_#-#( = !&-= &=6 " 7=#)(=# =( = #!$#)" 5= " = = "( & = ( = &= (##5;= = 4 =_ = " 5= =' 5= ' $ = &#!= ( =' " 5= " =+ "(=(#= (-= "(& = (=Â&#x2122;# # 4=Â&#x2013;#+ * &5= !) = = ')'( " = )"' #(= " )&-= )& " = ( =#$ & ( #"4= ( &=! ! &'=# = ( = " 5= ( & #& 5= " #" = != " = ! +# = (=Â&#x2122;# # 4 = : = + '= ')&$& ' = (= ( = + -= #( &'= * 5= " = = = (#= ( = !) = #! 4= (= + '= * "= !) 9'= ' '( &= ( (= (## = )'= (#= = # (#&=+ "=+ =(# = = =( (= = + '=' #(=+ "=+ =+ & =& ()&" " = &#!= = $ &(-4= _ = # (#&= * = = ) = = + = + = #) = "#(= 9=#& ='#=+ = (=( = #'$ ( 4= = + & = (= ##= & =+ "=( = # = && '( =)'5;= =' 4 ! +# = " = '= $ &(" &'= & = ( " = (= ( = $ =Â&#x2021;"( < # &-= %) = 6 Â&#x2021; 75= ) 5= "= + & = ( -= & = $ " = ( =$# = "=( &= "* '( ( #"4
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'$#"'#& = ( = 4= = & )' = (#= $ -4= _ = ! "= '= & * " = (& (! "(= "= #'$ ( = "#+4= = + '= (# = = #'(= '#! = !#" -= "= ( = 4= 4= = & = + ( " = #&= + (= ( = $# = +#) = #= "#+5;= ='#)& =' 4 _ = ( ) '= + & = '#= ' = (#= * = 4= = ( = & ' " = # = = = # = ( = & 5= )(= ( = ! "= = ' $ = #& = ( &= && * 4=
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Saturday Newswatch
WORDS ON MARBLE
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-Tradition built on Truth
Vol. 02, No. 61
Saturday, March 15, 2014
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Dollarisation of Nigerian Economy: Progress in error
Unrestricted and over-bearing demand for the US dollar by Nigerian politicians and business class is exerting a lot of pressure on the naira, thereby weakening its purchasing power
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