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4

SUNDAY NEWSWATCH, JULY 27, 2014

NEWS

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SUNDAY NEWSWATCH, JULY 27, 2014

North Central

NEWS

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+ +K + K ' % % K * # ) *K . ) K &)K &- $ )K % K $ )K 4235<K % K + +K K % ) + K+ K )) )*K )&$K *K') **&); K &,% #K &**K /') ** K &'+ $ *$K + +K + K ' 0$ %+K . *K %K ')& ) **K % K .&,# K K &% #, K . + %K &% K . "<K . + K DK +K )&$K # *+K ,)* 0;

% K *" K + K &- )%&)C*K . K +&K *,*+ %K + K +) % % K ')& ) $$ K % K*'&%*&) K 0K )K %&%MK &- )%$ %+ #K &) % 1 + &%<K K &,% + &%; )# )<K + K &- )%&)C*K . K * #&* K + +K :2<222K . *K % K *' %+K &%K + K +) % % K & K K & K + K 999K ' )+ ' %+*K +) % K %K + K ' *+K * - %K 0 )*K % K %%&,% K + +K K +&" %K K & K 42<222K .&,# K K

%+)& , K+&K$ " K+) % *K - K $&) K &$$ +$ %+K +&K + K')& ) $$ ; )*;K ,*. %<K + K )' )*&%K & K &)+ )%K &- )%&)*CK - *K * K + K +) % % K ')& ) $$ K . *K $ K +K $ " % K + K ' )+ ' %+*K * # M*,*+ % % K + )K ) , + &%K % K ## K &%K . ##M+&M &K % - , #*K % K &)'&) + K&) % 1 + &%*K +&K &%+) ,+ K +&. ) *K /' % % K+ K')& ) $$ ;

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

&% + %K ) $ %*K K ' M #&- % <K & #0K % K ,$ # K $ %K . &K *K &%+ %, K +&K ) + ) + K + +K %&K '&# + #K $ + &%K *K .&)+ K * % K & K #&& ; D K + ) &) K ) *+ + K + +K + K K % K +*K # )*K @ *' ##0K % ) #K , ) AK '&* K %&K + ) +K +&K %0K % + K + K K $ +K - K %K+ K % ) #K # + &%*<LK + K*+ + $ %+K ;

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

6

SUNDAY NEWSWATCH, JULY 27, 2014

South

NEWS

Don’t politicise Boko Haram, Ngige tells PDP Alphonsus Eze, Awka

S

`v[j^j_]^j]``v`b\j\} ]^ \_v[zq^ d]^ v[`^ d`vj_]`\ ^ ]]x]`}^ ]^ Zxx]Zz^ jv^ ^ Government not to play politics bj_^ v v^ Z`Z~^ b{\[` ]{j\}^ Boko Haram is a symptom of Z^ db ]`^ qb\]Z\] ^ _bY_^ b\^ dZq^ z]Zq]`\_bx^ j_Zj^ d`]]q\^ xv ]`j| ^ Yv``[xjbv{^ Z{q^ [{]~xzv|~]{j} ^ v ]`{~]{j^ _Z\^ q]`Zbz]q}^ _]|^_Z ]^ Zbz]q^jv^ b ]^ b ]`bZ^ _Zj^j_]|^ Z{j ^_]^\Zbq} ^ ]^ Zqq]q^ j_Zj^ ^ Zq~b{b\j`Zjbv{^b{^j_]^Yv[{j`|^_Z\^ \[YY]]q]q^ b{^ b{ bYjb{ ^ xv ]`j|^

Z{q^ [{]~xzv|~]{j ^ _bY_^ _Z\^ `]ZY_]q^ Z bYjbv{^ Z{q^ qb\]Z\]q^ level, accusing PDP of using security agencies to scare away vj]`\^ q[`b{ ^ ]z]Yjbv{\^ \v^ j_Zj^ j_]|^YZ{^`b } Charging the new state ] ]Y[jb ] ^ `}^ b ]^ \Zbq^ j_Zj^ ]^Z`]^\]{qb{ ^|v[^Z\^Zxv\jz]\}^ j^ b\^ {vj^ ]Z\|}^ ]^ Z`]^ b{^ Z^ \jZj]^ v ]`{]q^d|^j_]^ zz^ `v `]\\b ]\^ `Z{q^ zzbZ{Y]^ v`^j_]^xZ\j^]b _j^ |]Z`\^d[j^|v[^Z`]^b{^Z^`b _j^xZ`j|}^ v^ dZY ^ Z{q^ v` ^ } v[^ YZ{{vj^ b{^]z]Yjbv{^b{^ Z}^ ]^ {v ^

]^ Z`]^ \[D]`b{ ^ x]`\]Y[jbv{^ Zj^ Zzz^z] ]z\}^ v{ j^`[{^b{jv^ ^ v ]`{~]{j^d]YZ[\]^v ^xv ]`}^ _]|^ xzZ|^ d`]Zq^ Z{q^ d[F]`^ xvzbjbY\} _]^ ]{Zjv`^ zZ\_]q^ Zj^ ^ v`^ YzZb~b{ ^ jv^ d]^ x`vj]Yjb{ ^ j_]^ b{j]`]\j^ v ^ qb dv ^ _bY_^ _]^ \Zbq^ j_]|^ qv^ d|^ YZxbjZzb\b{ ^ on the ignorance of the people jv^ q]Y]b ] ^ Zqqb{ ^ j_Zj^ j_]^ z]Zq]`\^ v ^ j_]^ xZ`j|^ ]`]^ rather mortgaging the future of qb dv^b{^ b ]`bZ^x`v ]Yj}

enator Chris Ngige has taken a swipe at the ruling People’s Democratic Party (PDP) in the country, accusing it of playing politics with the Boko Haram insurgents, which YZ[\]^ _]^ ZF`bd[j]q^ jv^ j_]^ xvv`^ z]Zq]`\_bx^b{^j_]^Yv[{j`|} Ngige, who represents {Z~d`Z^ ]{j`Zz^ ]{Zjv`bZz^^ Zone in the Nigeria’s upper z] b\zZjb ]^ Y_Z~d]` ^ \Zbq^ v v^

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Oko Poly ASUP challenges management on staff, students’ welfare Alphonsus Eze, Awka

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‘Manufacturing, agriculture, key to solving unemployment’ Oluwakemi Abimbola

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L-R: Chairman, NUJ Enugu State Council, Mr Louis Dilibe; Nigerian Association of Women Journalists (NAWOJ), South-East Zonal Secretary, Ms. Ozioma Okereke, and Chairperson, Abia State Chapter, Ms. Beatrice Odoemena, at the NAWOJ Enugu State Elections ...recently. Photo: NAN

I didn’t say I’d kill anybody –Akpabio Oluwakemi Abimbola

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overnor of Akwa dv~^ jZj] ^ vq\ bzz^ xZdbv ^ _Z\^ Z|]q^ `]xv`j\^b{^j_]^x`]\\^Z{q^ v{^j_]^Y|d]`\xZY]^b{\b{[Zjb{ ^j_Zj^ _]^\Zbq^_]^ v[zq^ bzz^ [d]`{Zjv`bZz^ Z\xb`Z{j\^b{^j_]^\jZj]^ v`^d]j`Z|b{ ^ _b~} Reacting to the reports _bY_^ _]^ q]\Y`bd]q^ Z\^ Z{vj_]`^ \~]Z`^ YZ~xZb {^ d|^ qb\j`ZYjv`\ ^ j_`v[ _^_b\^ _b] ^ `]\\^ ]Y`]jZ`| ^ Pastor Anietie Ukpe, the v ]`{v`^ ] x`]\\]q^ \_vY ^ Zj^ Yv~~]{j\^~Zq]^d|^j_]^ b ]`bZ{^ ~dZ\\Zqv`^ jv^ [\\bZ ^ _b] ^ \\Z~^ \\Z~^ ^b{^Z^z]F]`^jv^ j_]^ ]Y`]jZ`|^jv^ v ]`{~]{j ^ `^ qv~^ ~~Z{[]z ^Z{q^x[dzb\_]q^

b{^{] \xZx]`\^Z{q^v{^j_]^b{j]`{]j} xZdbv^ {vj]q^ j_Zj^ Z\^ Z^ _`b\jbZ{ ^ _b] ^ \\Z~^ \_v[zq^ d]^ Yv{ ]`\Z{j^ bj_^ j_]^ \jv`|^ v ^ d\Zzv~ ^ j_]^ `]d]zzbv[\^ \v{^ v ^ b{ ^ Z bq ^Zqqb{ ^j_Zj^_]^\b~xz|^ [\]q^ j_]^ bzz[\j`Zjbv{^ jv^ YZ[jbv{^ _b\^ xvzbjbYZz^ \v{\^ bj_^ `]d]zzbv[\^ \xb`bj\ ^{vj^jv^\]] ^j_]^q]\j`[Yjbv{^ v ^ j_]b`^ Zj_]`^ b{^ v`q]`^ jv^ ZY_b] ]^ j_]b`^ Z~dbjbv{^ zb ]^ d\Zzv~^ j`b]q^ jv} xZdbv^ `] `]F]q^ j_Zj^ \\Z~^ v[zq^ `]\v`j^ jv^ Z^ q]zbd]`Zj]^ misrepresentation of his comments q[`b{ ^ j_]^ `v[{qd`]Z b{ ^ ceremony for the Permanent Peoples Democratic Party (PDP) \]Y`]jZ`bZj ^ Z{q^ {vj]q^ j_Zj^ _]^ qbq^ \v^v[j^v ^~b\Y_b] ^jv^\_]q^Y`vYvqbz]^ j]Z`\^Z{q^Y[``|^x[dzbY^\|~xZj_|}^

xZdbv^ Zz\v^ vxb{]q^ j_Zj^^ Assam, who occupies the high vAY]^v ^ ~dZ\\Zqv`^v ^j_]^ ]q]`Zz^ ]x[dzbY^v ^ b ]`bZ ^b\^] x]Yj]q^jv ^ b{^ _b\^ v`q\ ^ }}}] ]`Yb\]^ `]\j`Zb{j ^ q]Yv`[~^ Z{q^ Z^ _b _^ \]{\]^ v ^ `]\xv{\bdbzbj|^ b{^ _b\^ Yv{q[Yj^ Z{q^ Yv~~[{bYZjbv{^Zj^Zzz^jb~]\} ^ While reiterating his commitment to a peaceful j`Z{\bjbv{ ^ xZdbv^ ] x`]\\]q^ Yv{ q]{Y]^ j_Zj^ vq^ bzz^ Z{\ ]`^ the collective prayers of the people v ^ Z^ dv~^\jZj]^ v`^ b\^ bzz^jv^ d]^qv{]^Z Zb{^b{^ }

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Z{^ j_]^ ]~d]`\^ v ^ qb\[{bj|} ^ ]^ ] x`]\\]q^Yv{Y]`{^j_Zj^xvzbjbYbZ{\^ `Zj_]`^ \j`b ]^ jv^ Y[``|^ Z v[`^ Z{q^ Zq Z{Y]^ \]z \_^ Z{q^ {Z``v ^ xvzbjbYZz^vd ]Yjb ]\}^ xZdbv^ [`j_]`^ Y_Z` ]q^ j_v\]^ who feel they have what it takes jv^ \j]x^ v` Z`q^ Z{q^ `[{^ b{^ ^ to stop smearing the name of the v ]`{v`^ Z{q^ ZFZY b{ ^ _b~^ v{^ xZ ]\^ v ^ {] \xZx]`\^ Z{q^ v{^ j_]^ b{j]`{]j ^ ^ Zqqb{ ^ j_Zj^ j_b\^ bzz^ qv^ zbFz]^ v`^ {vj_b{ ^ jv^ _]zx^ j_]b`^ v`j[{]}^ The governor, who also q`[~~]q^ \[xxv`j^ v`^ `]\bq]{j^ vvqz[Y ^ v{Zj_Z{^ ]{ vb{]q^ j_]^ x]vxz]^ jv^ d]^ b bzZ{j^ Z{q^ ZjY_ [z^\v^Z\^{vj^jv^d]^q]Y]b ]q^ v`^ _vvq b{ ]q^ d|^ j_]^ Z{jbY\^ v ^ q]\x]`Zj]^xvzbjbYbZ{\}

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SUNDAY NEWSWATCH, JULY 27, 2014

NEWS

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2015: INEC fires 30 staff over electoral offences Saminu Ibrahim, Abuja

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h e Independent National Electoral Commission (INEC) has relieved the Zxxvb{j~]{j^ v„^ ¤Âš^ v„^ bj\^ \jZD^ members reportedly accused of involvement in electoral malpractices across the country during the 2011 general election. Sunday Newswatch gathered j_Zj^›´^v„^j_]^qb\~b\\]q^\jZD^‡]`]^ reportedly sanctioned for their alleged involvement in election`]zZj]q^ vD]{Y]\^ b{^ {Z~d`Z^ state,in the South-East.Other states, whose elections led to the qb\~b\\Zz^ v„^ ^ vAYbZz\‚^ Z`]^ Imo (3), Edo (1), Zamfara (1), FCT (1), Delta (1), Oyo (2), Rivers (1), Z€v\^”›•‚^Z{q^ \[{^”™•} z\v^Z^\jZD^ based at the INEC Headquarters in Abuja was also shown the way out for allegedly collaborating with politicians to perpetrate electoral fraud.Dependable sources said the Commission is prosecuting nine v[j^ v„^ bj\^ ›™^ \jZD^ Zxx`]_]{q]q^ „v`^ Yv~~bFb{€^  Z`bv[\^ „v`~\^ v„^ ]z]Yjv`Zz^ vD]{Y]\^ q[`b{€^ j_]^ governorship elections in six states.Two out of the 12 electoral vD]{q]`\^ _Z ]^ _v‡] ]`^ d]]{^ qb\Y_Z`€]q^Z{q^ZYÂ?[bF]q^‡_bz]^v{]^ was reportedly convicted. This was Yv{jZb{]q^b{^Z^z]F]`^j_Zj^]~Z{Zj]q^ from INEC to a civil society group, Say No Campaign, in response to a Freedom of Information request. INEC said those dismissed or whose appointments were j]`~b{Zj]q^ Yv~~bF]q^ vD]{Y]\^ such as refusal to carry out lawful duties and misleading the Commission, misconduct, disappearance with money meant for payment of allowances of Zq‰_vY^ \jZD‚^ ‡bj__vzqb{€^ dZzzvj^

papers, manipulation of election results and possession of Direct Data Capture (DDC) machines. Further investigation revealed j_Zj^ vj_]`^ vD]{Y]\^ zb\j]q^ Z`]^ allegation of illegal entries in the `]€b\j]`^ v„^  vj]`\^ Z{q^ ZF]~xj^ jv^ ~Zƒ]^[\]^v„^z](‰v ]`^~v{]|} _]^ z]F]`‚^ qZj]q^ [z|^ ݣ^ Z{q^ signed by the Secretary to the Commission, Augusta Ogakwu, was in response to a request by j_]^Yb bz^\vYb]j|^€`v[x^v{^ [{]^Âş^b{^ accordance with the Freedom of Information Act, for the list of the ]z]Yjv`Zz^vD]{q]`\} Say No Campaign is a coalition of civil society organisations Yv~~bF]q^ jv^ ˜€_jb{€^ Yv``[xjbv{‚^ impunity, poverty, violence and

other governance challenges in the country. Impeccable source added that the ›´^vAYbZz\^Zˆ]q^b{^Yv{{]Yjbv{^‡bj_^ j_]^ {Z~d`Z^ ]z]Yjbv{^ Yv~~bF]q^ j_]^ \Z~]^ vD]{Y] ^ Š zz]€Zjbv{^ v„^ wrong entries in the register of voters.â€? ]Z{‡_bz]^Zzz^j_]^›´^\jZD‚^‡_v^ ‡]`]^]bj_]`^]z]Yjv`Zz^vAY]`\^v`^j_v\]^ drawn from ICT and Audit Units of the election body for election duty, had their appointments terminated by the Commission. While j_]^`]~Zb{b{€^ݣ^\jZD^‡]`]^]bj_]`^ compulsory retired or dismissed b{^ ™š››}^ _]^ ~v\j^ \]{bv`^ vAY]`^ among them who hails from in Imo State was on Grade Level 16. He was retired for “refusal to carry out

lawful directives and misleading the Commission.� {vj_]`^vAY]`^qb\~b\\]q^‡_bz]^ on Grade Level 15 is from Edo State. He was found guilty of wrongful recruitment and deployment of a YvzzZjbv{^ vAY]`^ ‡_v\]^ {Z~]^ ‡Z\^ given as Dr. Paul. Those being prosecuted in court „v`^ ]z]Yjv`Zz^ vD]{Y]\‚^ ZYYv`qb{€^ jv^ Z^ qvY[~]{j^ ZFZY_]q^ jv^ j_]^ z]F]`^Z{q^\b€{]q^d|^ } }^ d`Z_b~‚^ the assistant director in charge of j_]^ Yv~~b\\bv{‹\^ z]€Zz^ \]` bY]\‚^ (prosecution) are Chukwujekwu Okeke (Anambra) and Osunlola Akinyinka (Oyo). Mr. Akinyinka is being prosecuted at the High Court in Ibadan, the Oyo state capital.

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xcept the security operatives in Oyo State take a decisive action in time, two factions of National Union of Road Transport Workers (NURTW), under the incumbent chairman, Taofeek Oyerinde aka Fele, and the former Chairman, Alhaji Lateef Akinsola alias Tokyo, may restore violence into the state. _]^ b{Y[~d]{j^ Y_Zb`~Z{‚^ Oyerinde, has accused the former chairman of the union in the state, Akinsola aka Tokyo, of planning to disrupt the peaceful atmosphere in the state as political parties gear up for the 2015 general elections. However, Tokyo denied the allegation and maintained that he remained the authentic chairman of the union based on the court judgment he got some years ago. Oyerinde, in a statement signed by him and made available to newsmen in Ibadan, stated that the security operatives in the state needed to keep watchful eyes on Tokyo, alleging that he was busy training and recruiting boys he intended to use to unleash mayhem in the state. According to him, Tokyo, who has been expelled from

Peter Dada, Akure

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o fewer than 100 persons have been arrested by the Ondo State Police Command over alleged involvement in cultism. The state police commissioner, Mr Isaac Eke, disclosed this during his courtesy call on the management of the Adekunle Ajasin University Akungba, Akoko (AAUA). Eke stated that the suspects were arrested at various locations in the \jZj]‚^„vzzv‡b{€^jbx‰vD\‚^Zqqb{€^j_Zj^j_]^Yv~~Z{q^‡v[zq^{vj^`]z]{j^b{^ bj\^]Dv`j\^jv^~Zƒ]^j_]^\jZj]^„`]]^v„^Zzz^„v`~\^v„^Y`b~b{Zzbjb]\} He said the suspects would have been charged to court but the action was impeded as a result of the strike action embarked by the judiciary workers, assuring that the suspects would still face the court action as soon as the strike action is over. While commending the school authority for the support being given jv^j_]^xvzbY]^Yv~~Z{q‚^]\x]YbZzz|‚^j_]^ ƒ[{€dZ^ b b\bv{‚^_]^\Zbq ^Š ^Z~^ happy with the report on cooperation and support of this university to the police, and I am aware of the existing good relationship.â€? Responding, the Vice Chancellor of the varsity, Prof. Femi Mimiko, on behalf of the university community, thanked the commissioner and his entourage for the visit. _]^ ^\Zbq ^Š _Zj] ]`^j_b{€^‡]^{]]q^jv^qv^Z\^Z{^b{\jbj[jbv{^jv^~Zƒ]^ j_]^xvzbY]^\|\j]~^_]`]^~v`]^]D]Yjb ]‚^j_]^ ^\_v[zq^Yv[{j^v{^[\}^ ]^ will bend over backward to do such so, as to sustain the peace in and around the university community. We will do everything possible to deepen our relationship with you.â€?

$ODDĂ€Q leads team to Brazil for cultural seminar Olaide Oyelude, Ibadan

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_]^ zZZ˜{^v„^ |v‚^ dZ^ Z~bqb^ zZ|b‡vzZ^ q]|]~b^ ‚^b\^z]Zqb{€^ a 30-man team on a week trip to the state of Bahia in Brazil, to xZ`jbYbxZj]^b{^Z^Y[zj[`Zz^\]~b{Z`^_vzqb{€^b{^j_]^Yv[{j`|^„`v~^ [z|^ ™½^jv^ [€[\j^˜`\j} While in Brazil, the monarch is expected to deliver papers at the Y[zj[`Zz^„]\jb Zz^‡_bY_^b\^j_]^˜`\j^ `ZÂ&#x;bz‰ b€]`bZ^ {j]`{Zjbv{Zz^ ]~b{Z`^ for Preservation of Shared Cultural Heritage. zZZ˜{‚^ ‡_v^ b{„v`~]q^ v ]`{v`^ dbvzZ^ ‘b~vdb^ Zdv[j^ j_]^ j`bx^ j_`v[€_^Z^z]F]`^qZj]q^™¤ž¢žÂ›ÂŁÂ‚^qb\Yzv\]q^j_Zj^j_]^„]\jb Zz^b\^d]b{€^_]zq^d|^ the Brazilian State in conjunction with the Federal Ministry of Culture and Tourism in Nigeria. According to the monarch, “the seminar is intended to promote the common cultural and historical legacies and the discussion of strategies for asset protection. It will also show the importance of the Oyo Yoruba traditions which have evolved in Brazil as a result of the trans Atlantic slave tradeâ€?. _]^~v{Z`Y_^`]YZzz]q^j_Zj^ Z{€v‚^j_]^j_b`q^ zZZ˜{^v„^ |v^Zzv{€\bq]^ his predecessors, remain sacred deities in Oyo Yoruba tradition and history in Nigeria and in the diaspora, most especially, Brazil.

L-R: Guest Speaker, Mrs. Victoria Famakinwa; Professor Bolanle Awe and Principal State Counsel, Oyo State Ministry of Justice, Mrs. Modupe Awosemusi, at an awareness campaign on Sexual and other Gender-Based Violence, in Ibadan, Oyo State‌recently.

Oyo NURTW on verge of violence again? Olusakin Babalola, Ibadan

Police arrest 100 suspected cultists in Ondo

j_]^ [{bv{^ d|^ j_]^ {Zjbv{Zz^ headquarters, was now looking for ways to cause violence for him to _GZYƒ^j_]^[{bv{^Z€Zb{} “He started these acts barely some few weeks ago, when his dv|\^ZFZYƒ]q^\v~]^dv|\^b{^ €d]{b^ and claimed that they were my dv|\^‡_v^ZFZYƒ]q^_b~‚^‡_]`]Z\‚^ he was only trying to blackmail me. I gathered from a reliable source that he is now working with one of the over ambitious Peoples Democratic Party (PDP) €v ]`{v`\_bx ^ Z\xb`Z{j^ b{^ j_]^ state,â€? Oyerinde stated. He alleged that Tokyo has been writing petitions to security operatives in the state in order to blackmail the executives and some

politicians in the state. “I was informed on Thursday by my members that some security vx]`Zjb ]\^d`v[€_j^Z^x]jbjbv{^z]F]`^ jv^j_]^[{bv{^vAY]^d[j^j_]|^qbq{‹j^ Yvzz]Yj^j_]^z]F]`^d]YZ[\]^ ^‡Z\^{vj^ around, but I am sure that it was Tokyo that is using the security operatives to witch-hunt usâ€?. Oyerinde (Fele) noted that the state has been experiencing peace since the inception of Governor Abiola Ajimobi led administration in the state, adding that any act to disrupt the peace should not be allowed by the security agents in the state. He appealed to the police and the State Security Service (SSS) in the state to commence thorough

investigation on Akinsola and put him under their watchful eye b{^ v`q]`^ jv^ „v`]\jZzz^ Z{|^ ZYj\^ v„^ violence in the state. [j^ b{^ Z^ \‡b(^ `]ZYjbv{^ v{^ j_]^ telephone yesterday, Akinsola (Tokyo) described the allegation as baseless and untruthful, insisting that it was Oyerinde (Fele) and his boys that should be investigated for their alleged criminal activities. “My judgement as the authentic Chairman of Oyo NURTW is still standing and valid; they are the ones that are denying me of its implementation. All the Y_Zb`~]{^v„^qbD]`]{j^€Z`Z€]\^Z`]^ not even happy with me because he is giving them hard times,� Akinsola said.

Impeachment, harassment will invite anarchy –APC Okoloagu (rtd) and the National Vice Chairman of the party, he All Progressives South East zone, Hon. Emma Congress (APC) in Eneukwu, also extended hand Enugu State has warned v„^ „]zzv‡\_bx^ jv^ j_]^ ]~dZFz]q^ that the ongoing wind of Deputy Governor of Enugu State, impeachment and harassment of Sunday Onyebuchi, saying he opposition governors allegedly could join APC. sponsored by the ruling Peoples The opposition party said Democratic Party (PDP), can it is not afraid of any further never succeed in subduing impeachment or ongoing threat opposition but will rather invite dangling round some of its anarchy. governors, adding that “we are Speaking weekend, during also not deterred by the recent the formal inauguration of removal of ex- Adamawa State the Dr. Ben Nwoye-led state Governor, Murtala Nyako. ]ˆ]Y[jb ]^Yv~~bF]]^v„^j_]^xZ`j|^ “What we are saying is that in Enugu, leader of APC in the if this ugly trend is allowed to \jZj]‚^ `b€Zqb]`‰^ ]{]`Zz^ v\]x_^ continue, it is capable of truncating Kenneth Ofoma, Enugu

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the ongoing democracy in the land,� just as they predicted that the impeachment actions will q]˜{bj]z|^dZYƒ˜`]^zZj]`} They said no amount of blackmail or propaganda by the PDP will force the opposition party to abandon its project of wrestling power form President vvqz[Yƒ^ v{Zj_Z{‚^Yv~]^™š›œ} The retired Army General, ƒvzvZ€[‚^ `]€`]F]q^ j_Zj^ `Zj_]`^ than addressing the litany of problems confronting Nigeria, occasioned by PDP bad governance, the administration b\^d[\|^xzvFb{€^_v‡^jv^^b~x]ZY_^ more opposition governors, as well as blackmail the APC.

2015 guber: Forum cautions Oyo PDP aspirants Olaide Oyelude, Ibadan

„v`[~‚^ ƒ{v‡{^ Z\^ ÂĄ _]^ |v^ jZj]^ {bj|^ v`[~‹^ ” •‚^ _Z\^ cautioned Peoples Democratic Party (PDP) governorship aspirants in the state not to throw the state into chaos and violence in their ]Dv`j\^Zj^‡b{b{€^j_]^xZ`j|‹\^jbYƒ]j^„v`^j_]^™š›œ^€v ]`{v`\_bx^]z]Yjbv{} T In a statement jointly signed by its chairman and secretary, Mr. Olusoji Oyelakin, and Pastor Benjamin Akpan, respectively, the forum maintained that “a situation where wrong and parochial methods with xvj]{jbZz\^v„^YZ[\b{€^qb\ZD]Yjbv{‚^_Zj]^Z{q^˜€_j^Z~v{€^j_]^x]vxz]^~[\j^ be avoided.â€? _]^ „v`[~^ Zqq]q ^ Š ]^ Yv{q]~{^ b{^ bj\^ ]{jb`]j|^ j_]^ €Z{€b{€^ [x^ v„^ seven aspirants that met in the house of a former minister in the Abacha regime, Elder Wole Oylese, which came out with a communiquĂŠ limiting the choice of governor for the state to Ibadan as much as we condemn the boast of a former governor of the state, Otunba Christopher Adebayo Alao-Akala, in a recent interview, that he was equally ganging up with Senator Ayo Adeseun and other aspirants from his area against aspirants from a particular city.â€? Sunday Newswatch recalls that of all the political parties seeking state governorship seat in 2015, PDP has the highest number of aspirants, Z~v{€\j^ ‡_v^ Z`] ^ j[{dZ^ q]dZ|v^ zZv‰ ƒZzZ‚^ zZ_‘b^ ]_b{q]^ Olaosebikan, Senator Teslim Folarin and Mr. Seyi Makinde.

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Sterling Bank grosses N49b in 6 months Friday Ekeoba

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terling Bank Plc rode on the back of increasing Balance Sheet ]AYb]{Y|^ Z{q^ €`v‡b{€^ ~Z`ƒ]j^ \_Z`]^ b{^ bj\^ Yv`]^ Yv~~]`YbZz^ banking business to deliver impressive growth in its top-line x`v˜jZdbzbj|^b{^j_]^˜`\j^_Zz„^v„^™š›£} The Interim Report and Accounts of the Bank for the six-month x]`bvq^ ]{q]q^ [{]^ ¤ÂšÂ‚^ ™š›£^ `]z]Z\]q^ Zj^ j_]^ ‡]]ƒ]{q^ b{qbYZj]q^ Z^ double-digit growth of 16.3 per cent in the gross earnings, driven by a larger growth of 20.5 per cent in interest income. Net interest income `v\]^d|^Zdv[j^£š}™^x]`^Y]{j‚^[{q]`z|b{€^\b€{b˜YZ{j^b~x`v ]~]{j^b{^bj\^ core banking operations. This also impacted on the operating income, ‡_bY_^`v\]^d|^™œ}ÂŁ^x]`^Y]{j} `v\\^ ]Z`{b{€\^ `v\]^ jv^ £½}¢^ dbzzbv{^ b{^ j_]^ ˜`\j^ _Zz„^ v„^ ™š›£^ Z\^ Z€Zb{\j^ £›}½´^dbzzbv{^b{^j_]^Yv~xZ`Zdz]^x]`bvq^v„^™š›¤}^ _]^jvx‰zb{]^ was driven by interest income, which rose from N31.08 billion in j_]^˜`\j^_Zz„^v„^™š›¤^jv^ ¤¢}ÂŁÂŁ^dbzzbv{^b{^_Zz„^|]Z`^™š›£}^ ]j^b{j]`]\j^ b{Yv~]^ z]Zxj^ jv^ ™›}™½^ dbzzbv{^ b{^ ™š›£^ Z\^ Z€Zb{\j^ ›œ}›¢^ dbzzbv{^ b{^ ™š›¤}^ v{‰b{j]`]\j^b{Yv~]^Zz\v^b{Y`]Z\]q^jv^ ››}¤^dbzzbv{^b{^˜`\j^_Zz„^ ™š›£^Yv~xZ`]q^‡bj_^ ›š}½^dbzzbv{^`]Yv`q]q^b{^j_]^Yv~xZ`Zdz]^x]`bvq^ v„^™š›¤}^ x]`Zjb{€^b{Yv~]^j_[\^`v\]^„`v~^ ™œ}ÂşÂœ^dbzzbv{^jv^ ¤Â™}ÂœÂŁ^ billion.

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SUNDAY NEWSWATCH, JULY 27, 2014

FOREIGN NEWS Air Algerie crash: UN finds second black box among debris The U.N. peacekeeping mission in Mali says its experts have found the second black box of the Air z€]`b]^Žb€_j^j_Zj^Y`Z\_]q^ _[`\qZ|^b{^ Zzb‚^ƒbzzb{€^ all 110 passengers and 8 crew members on board. The U.N. mission issued a statement yesterday that said its specialists deployed to the site had located the second black box that may help to determine what happened to the plane which many believed had encountered bad weather. _]^ b`^ z€]`b]^‘]j^‡Z\^Ž|b{€^„`v~^ [Z€Zqv[€v[^ b{^ [`ƒb{Z^ Z\v‚^ jv^ z€b]`\^ b{^ z€]`bZ^ v{^ ‡_]{^ bj^ went down in a remote part of northern Mali near the border with Burkina Faso. There were 50 French nationals on the ill-fated xzZ{]‚^ ~Zƒb{€^ `Z{Y]^ j_]^ zZ`€]\j^ Yv[{j`|^ ‡bj_^  bYjb~\‚^ j_]`]^ ‡]`]^ Zz\v^ ›™^ `]\bq]{j\^ v„^ j_]^ bj|^ v„^ []d]Y‚^ Z{ZqZ^ v{^ dvZ`q}^ v‡] ]`‚^ ~Z{|^

. Quebec residents hold vigil for victims v„^ j_v\]^ jv[Y_]q^ d|^ j_]^ j`Z€bY^ q]Zj_\^ v„^ j_]^ ›™^ Quebec residents have met at Marie Victorin Park b{^ v{€[][bz^ jv^ ]ˆx`]\\^ j_]b`^ \v``v‡\‚^ v{^ `bqZ|^ evening. v\j^ v„^ j_v\]^ b{^ ZF]{qZ{Y]^ _Zq^ jb]\^ jv^ j_]^ landlocked West African nation of Burkina Faso Z{q^ jvvƒ^ xZ`j^ b{^ Z^ \vz]~{^ `]~]~d`Z{Y]‚^ Z\^ bj^ b\^ still unknown whether a proper local burial for the victims will even be possible due to conditions caused by the wreckage. ^ qvÂ&#x;]{^ []d]Y^ `]\bq]{j\‚^ ˜ ]^ v„^ ‡_v~^ Z`]^ Z{ZqbZ{^YbjbÂ&#x;]{\‚^‡]`]^Z~v{€^j_]^››š^xZ\\]{€]`\^ who died in the crash. b{~Zzv^ v~qZ‚^ _b\^ ‡b„]^ {€]zbÂ?[]^ Z{q^ j_]b`^ Y_bzq`]{^ Zj_Z{Z]z^ Z{q^ `b]zz]^ Zzz^ qb]q‚^ Z\^ did

CVL HOLDS 13TH LEADER WITHOUT TITLE IN HONOUR OF CHIEF OLU AKINKUGBE

b{~Zjv‹\^d`vj_]`^ bz„`]q}^ zz^˜ ]^zb ]q^b{^ v{€[][bz}^ zv{€^‡bj_^j_]^˜ ]^„`v~^j_]^ v{j`]Zz‰Z`]Z‚^j_]`]^‡]`]^ seven other passengers from other parts of Quebec among the victims. ^ ^ ^ ^ \Zd]zz]^ `] v\j‚^ Z^ ~vj_]`^ v„^ j_`]]^ „`v~^ _]`d`vvƒ]‚^ ZqbqbZ^ v[Z{qZ^Z{q^_]`^\v{^ dv[dZYZ`^ Z~]v€v^„`v~^ v{Â?[b]`]‚^ Zjb{]Z[^`]\bq]{j^ Z~Zqv[^ v[{€`{Z‹\^‡b„]^Z{q^j‡v^Y_bzq`]{‚^Z{q^Z^ []d]Y^ bj|^ woman whose name was not released also died in the crash. Montreal-based Burkinabe community representative Mahamadi Savadogo said in an interview Friday that his group had tallied the Quebec`]zZj]q^q]Zj_^jvzz^Zj^››‚^_v‡] ]`} _]^ v~qZ\^ ‡]`]^ b{^ [`ƒb{Z^ Z\v^ ZF]{qb{€^ Z^ ‡]qqb{€^Z{{b ]`\Z`|^xZ`j|}^ bjZ^ v~qZ‚^ bz„`]q‹\^‡b„]‚^

did not accompany them because she is nine months pregnant with their second child. They have a threeyear-old daughter.

]`^_[\dZ{q‚^d`vj_]`^Z{q^\b\j]`‰b{‰zZ‡^Z{q^j_]b`^ƒbq\^ ‡]`]^j_]^v{z|^„Z~bz|^\_]^_Zq^b{^ Z{ZqZ}^Š j‹\^`]Zzz|^_Z`q}^ „^ ^j`|^jv^[{q]`\jZ{q^‡_Zj^_Zxx]{]q‚^ ‹zz^€v^Y`ZÂ&#x;|‚Â?^\_]^ \Zbq}^Š ^_Z ]^jv^_Z ]^Yv[`Z€]‚^ZYY]xj^bj^Z{q^zb ]^„v`^j_v\]^ ‡_v^Z`]^\jbzz^_]`]}Â? `] v\j‚^¤ÂœÂ‚^_Zq^d]]{^xzZ{{b{€^j_]^j`bx^„v`^|]Z`\^Z{q^ reportedly had never been on a plane before this week.

]`^\xv[\]^ Z{{|^ `Zxxb]`^\Zbq^j_Zj^_]‹\^_vxb{€^jv^ be able to recover her remains. Š ]‹`]^_vxb{€^j_]`]‹\^xZ`j^v„^_]`^dvq|^j_Zj^YZ{^d]^ `]xZj`bZj]q‚^ \v~]^ ƒb{q^ v„^ x`vv„^ j_Zj^ \_]^ ‡Z\^ `]Zzz|^ j_]`]‚^j_Zj^\_]‹\^`]Zzz|^q]Zq‚^ ^qv{‹j^ƒ{v‡}Â?^^ _]^Yv[xz]^ _Z\^j_`]]^Y_bzq`]{‚^Z€]q^˜ ]‚^\] ]{^Z{q^{b{]} Z~Zqv[^ v[{€`Z{Z^ ‡b„]^ Z{q^ _b\^ j‡v^ Y_bzq`]{‚^ Z€]\^´^Z{q^›¤Â‚^‡]`]^Z~v{€^j_]^q]Zq}

Hundreds defy Paris ban to protest Israeli offensive in Gaza ro-Palestinian protesters clashed with police Yv[{j]`‰x`vq[Yjb ]}^ ZÂ&#x;]{][ ]^ {vj]q^ j_Zj^ v ]`^ in central Paris yesteray when hundreds of j_]^zZ\j^j‡v^‡]]ƒ\‚^˜ ]^~Z`Y_]\^_Zq^d]]{^dZ{{]q‚^ ~Z`Y_]`\^q]˜]q^Z^dZ{^d|^ `]{Y_^Z[j_v`bjb]\^ v[j^v„^Zdv[j^¤ÂšÂš^\[Y_^x`vj]\j\^ZY`v\\^j_]^Yv[{j`|} jv^`Zzz|^Z€Zb{\j^ \`Z]z‹\^vD]{\b ]^b{^j_]^ ZÂ&#x;Z^ Š `]]qv~^v„^x`vj]\j^‡Z\^j_[\^j_]^`[z]‚^Z{q^dZ{\^ Strip. j_]^]ˆY]xjbv{‚Â?^_]^\Zbq} `]{Y_^ b{j]`bv`^ ~b{b\j]`^ ]`{Z`q^ ZÂ&#x;]{][ ]^ YYv`qb{€^jv^j_]^b{j]`bv`^~b{b\j`|‚^\v~]^™‚ššš^ warned organisers in a television address that xvzbY]^ ‡]`]^ \]{j^ jv^ j_]^ zZY]^ q]^ zZ^ ]x[dzbÂ?[]^ they would be held responsible for any clashes jv^ \[``v[{q^ j_]^ q]~v{\j`Zjv`\‚^ ‡_bY_^ ][j]`\^ and could be prosecuted for ignoring a ban that photographers estimated numbered between 800 ‡Z\^Yv{˜`~]q^d|^j_]^Yv[{j`|‹\^jvx^Zq~b{b\j`Zjb ]^ and 900. court. _]^ x_vjv€`Zx_]`\^ \Z‡^ v{]^ xvzbY]^ vAY]`^ TV footage showed a minority of demonstrators \zb€_jz|^b{‘[`]q‚^j_]^„`v{j^‡b{qv‡\^v„^j_]^ `v‡{]^ ‡]Z`b{€^ dZzZYzZ Z\^ Z{q^ j`Zqbjbv{Zz^ `Zd^ ƒ]A|]_^ Plaza hotel smashed and a bus shelter wrecked. _]Zqq`]\\]\^ j_`v‡b{€^ x`v‘]Yjbz]\^ Zj^ `bvj^ vAY]`\}^ `€Z{b\]`\^q]{b]q^ZYY[\Zjbv{\^v„^Z{jb‰ ]~bjb\~} Paris police said they had made 40 arrests. Š [`^ €vZz^ b\^ {vj^ jv^ ZFZYƒ^ j_]^ ]‡\‚^ bj^ b\^ jv^ French authorities have refused to permit Yv{q]~{^ j_]^ xvzbYb]\^ v„^ Z^ €v ]`{~]{j‚Â?^ Z`]ƒ^ several pro-Palestinian protests because they ]{^ bdZ‚^ Z^ zvYZz^ xvzbjbYbZ{^ Z{q^ _]Zq^ v„^ v{]^ v„^ feared violence. Marchers clashed with riot police j_]^ ™š^ Z\\vYbZjbv{\^ v`€Z{b\b{€^ j_]^ x`vj]\j^ jvzq^ b{^ Z{q^ Z`v[{q^ Z`b\^ b{^ `]Y]{j^ ‡]]ƒ\‚^ ‡bj_^ \v~]^ Reuters. jZ`€]jb{€^ \|{Z€v€[]\^ Z{q^ ]‡b\_^ \_vx\}^ Š {jb‰ Protesters were seen waiving Palestinian ]~bjbY^ bvz]{Y]^]ˆb\j\ ^‡]^~[\j^„ZY]^bj^_]Zq^v{‚Â?^ ÂŽZ€\‚^ Y_Z{jb{€^ Š ]^ Z`]^ Zzz^ Zz]\jb{bZ{\Â?^ Z{q^ ZÂ&#x;]{][ ]^\Zbq} YZ``|b{€^ xzZYZ`q\^ `]Zqb{€ ^ Š bv{b\j\‚^ j]``v`b\j\Â?}^ v~]^x`vj]\j]`\‚^ \^Z{q^] ]{^`[zb{€^ vYbZzb\j^ j^ z]Z\j^ v{]^ \`Z]zb^ ÂŽZ€^ ‡Z\^ d[`{]q‚^ Z^ ][j]`\^ politicians have criticised the bans on the rallies as photographer said.

P L-R: Former Vice Chancellor, Obafemi Awolowo University, Ile-Ife, Prof. Wale Omole; Founder/ CEO, Centre for Values in Leadeship (CVL), Prof. Pat Utomi; former presidential aspirant, Chief Philip Chukwuedo Asiodu; wife of Pat Utomi, Dr. (Mrs.) Ifeoma; founding Chairman, FrieslandCampina WAMCO Nigeria Plc and honouree, Chief Olu Akinkugbe; his wife, Janet; former Vice Chancellor, University of Lagos, Oyewusi Ibidapo-Obe, and Prof. Albert Alos, during the 13th CVL Leader Without Title (LWT) sector leadership tribute colloquium, in honour of Chief Akinkugbe at 85, in Victoria Island, Lagos‌on Thursday.

More Syrians joining ISIL –UN

M Chief Olu Akinkugbe (2nd left), and other guests, at the occasion.

&=>?@ (H?QXY>[? \@]Q?^ $_`>j? ,j[?{|?jY }?^[>Q?{ ~ __ | ~€= ||? + ‚ YX ??j Management/Financial Consultant, Dr. Boniface Chizea; Consultant, Manufacturers Association of Nigeria (MAN), Mr. Rasheed Adegbenro; Managing Director/CEO, Kony Nigeria Enterprises, Mr. Tony Obidulu, and Founder/CEO, CVL, Prof. Pat Utomi, at the occasion.

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ore and more Syrian rebels are defecting to join the ultra-hardline Islamic State b{\[`€]{Y|‚^ \Zbq^ ^ _[~Z{^ `b€_j\^ b{ ]\jb€Zjv`\^ |]\j]`qZ|‚^ b{^ ‡_Zj^ j_]|^ q]\Y`bd]q^Z\^Z^Š |`bZ{‰b\Zjbv{Â?^v„^j_]^Zz‰ Z]qZ^vD\_vvj} ]~d]`\^v„^j_]^b{q]x]{q]{j^ v~~b\\bv{^v„^ {Â?[b`|^ v{^ |`bZ‚^\]j^[x^d|^j_]^ ^ [~Z{^ b€_j\^ v[{Ybz^b{^ ]xj]~d]`^™š››‚^b{„v`~Zzz|^d`b]„]q^j_]^ {bj]q^ Zjbv{\^ ]Y[`bj|^ v[{Ybz^|]\j]`qZ|^Z_]Zq^v„^\[d~bFb{€^j_]b`^ latest report next week. Brazilian chief investigator Paulo Pinheiro said the Islamic State - formerly known as the Islamic State in `ZÂ?^Z{q^j_]^ ] Z{j‚^ ^v`^ \b\^‰^‡Z\^[{q]`€vb{€^Z^ Š |`bZ{‰b\Zjbv{}Â? Š _Zj^ d]€Z{^ ‡bj_^ Z^ zvj^ v„^ „v`]b€{^ ˜€_j]`\‚^ {v‡^ |v[^_Z ]^Z[j_]{jbY^ |`bZ{^YbjbÂ&#x;]{\‚Â?^ `^ b{_]b`v^jvzq^ `]xv`j]`\}^Š ]^Z`]^\]]b{€^~v`]^ |`bZ{\^Yv~b{€^jv^ \b\^ j_Z{^d]„v`]}Â?

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

25

SUNDAY NEWSWATCH, JULY 27, 2014 with Bukola Bakare bukola.bakare@mydailynewswatchng.com 08034198320

ARTS & REVIEW

Chronicles, perceptions of a Niger-Delta statesman Title: Footprints of a Statesman: The Life and Times of Chief Daniel Okumagba Author: Bernard Oboatarhieyeren Okumagba

the causes of Okere-Urhobo, Warri, the Urhobo nation, the then Western Region, Midwest/Bendel State and the Publisher: Creektown Books, Ikeja, Lagos Nigerian nation at large. Chief Okumagba stayed out of Reviewer: Uzor Maxim Uzoatu political limelight in the years of military eadership in Nigeria needs author, Bernard, breaks the mold by rule but stood up to be counted when large-minded statesmen whose being a stellar graduate of Accountancy j_]^dZ{^v{^xvzbjbYZz^ZYjb bjb]\^‡Z\^zb(]q^ scope of thinking is as large from the University of Nigeria, Nsukka; v{^ ]xj]~d]`^ ™½Â‚^ ›º¢½}^ ]^ d]YZ~]^ as the nation. This needful a chartered accountant, a banker a founding member of the National nationalistic prism shaped the life v„^ b~~]{\]^ b{ÂŽ[]{Y]‚^ ]zjZ^ jZj]^ Party of Nigeria (NPN) as “he saw it as and times of Chief Daniel Okumagba, Commissioner for Economic Planning, j_]^~v\j^{Zjbv{Zz^v„^Zzz^j_]^Ϫ^xvzbjbYZz^ the remarkable Mathematics teacher- and later Commissioner for Finance. associations that came up in the wake turned-politician, who contested for the He is currently Chairman of Regents of the resumption of party politics.â€? He governorship of then Bendel State in the Consults Limited and Noly Insurance aligned himself with the views of another Second Republic. It is very rare seeing Brokers Limited; a Director of Abbey ^ Y_b](Zb{‚^ `^ _[dZ^ ƒZqb€dv‚^ dvvƒ\^ ‡`bF]{^ d|^ \v{\^ v{^ j_]b`^ „Zj_]`\^ Mortgage Bank PLC., and holds the who stressed that the NPN did not in the general scheme of Nigerian life. j`Zqbjbv{Zz^ Y_b](Zb{Y|^ jbjz]^ v„^ `[ Â‡[^ believe in a godfather-like emperor This makes Footprints of a Statesman: The R’Ovie of Agbarha Kingdom, Warri, “but in a communal sense of leadership Life and Times of Chief Daniel Okumagba, Delta State. and followership.â€? Amid immense The father-son bond is at the very a trailblazer in the realm of “a son’s intrigues, Chief Okumagba emerged as appreciation of his father, and the core of the rekindling of family values the NPN gubernatorial candidate for in the body politic. Nigerians are lessons therefrom.â€? the then Bendel State, but eventually In documenting his father’s life for used to instances where prominent lost the elections to the Unity Party of posterity, it is noteworthy that Bernard politicians cannot in truth vouch for Nigeria (UPN) candidate, Professor Okumagba dedicates the book “to the their roots. It takes a properly rooted ~d`v\]^ zzb‚^zZ`€]z|^q[]^jv^b{˜€_jb{€^ many people across the world who son to trace his ancestry through his within his party. It was largely believed believe in truth, justice, fairness, mutual celebrated paterfamilias, to wit Chief that Chief Anthony Enahoro did not respect and inter-ethnic harmony, which Daniel Okumagba, who was born on pull his weight as state party chairman were values my father stood for in his Z{[Z`|^›‚^›º™™^Z\^j_]^›™j_^Y_bzq^v„^ _b]„^ such that he was replaced by Chief Tayo Okumagba Eboh, a paramount chief journey through life.â€? Akpata. The NPN eventually won the Chief Daniel Okumagba served as ”dv`{^b{^›½Âœ¤^Z{q^qb]q^b{^›º´¤Â•^v„^ ƒ]`]‰ €v ]`{v`\_bx^ ]z]Yjbv{\^ b{^ ›º½¤^ ‡_]{^ a pioneer teacher at Urhobo College, Urhobo in Warri of present-day Delta General Samuel Ogbemudia served as D[`[{^„`v~^›º£º^[{jbz^_b\^`]jb`]~]{j^b{^ State. According to Bernard in Footprints the party’s candidate with Chief Tony ›º¢´}^ ZYƒ^b{^›º´ÂšÂ‚^_]^‡v{^j_]^]z]Yjbv{^ of a Statesman, “So spread out in ages Anenih as the state chairman. to represent Warri East Constituency were the children of my grandfather, (]`^ j_]^ ]z]Yjbv{^ v„^ z_Z‘b^ _]_[^ at the Western Region House of j_Zj^_b\^˜`\j^€`Z{qY_bzq^Z{q^~|^Yv[\b{‚^ Assembly in Ibadan on the platform the late Mr Forcados Wilkie, was older examinations, he had to start his teaching games-master. He was an astute teacher _Z€Z`b^ Z\^ b€]`bZ‹\^ `]\bq]{j^ b{^ ›º¢ºÂ‚^ of the National Council of Nigerian than my father, who was born when his career in primary schools in Adagbrassa v„^ Zj_]~ZjbY\^Z\^ZF]\j]q^jv^d|^v{]^v„^ he appointed Chief Okumagba as Citizens (NCNC). At the advent of the father, my grandfather, was already in Z{q^ Z``b^„`v~^›º£¢^d]„v`]^j`Z{\„]``b{€^ _b\^\j[q]{j\^v„^j_]^YzZ\\^v„^Â›ÂşÂœÂŁÂ–^ Z bq^ Chairman of the Board of Ajaokuta Steel to the secondary school at the inception, Okpako, who retired as a Professor Company Limited. Chief Okumagba Second Republic, Okumagba became _b\^´Âš\}Â?^ had all along been campaigning for the Grandfather Okumagba Eboh was b{^›º£ºÂ‚^v„^ `_vdv^ vzz]€]‚^ D[`[~} a foundation member and a pioneer of Pharmacology at the University of Leadership was thrust on the young Ibadan. Professor Okpako wrote in the qb ]`\b˜YZjbv{^v„^j_]^vbz^~v{v‰]Yv{v~|^ {Zjbv{Zz^ Yv~~bF]]^ ~]~d]`^ v„^ j_]^ one of the early converts to Christianity National Party of Nigeria (NPN) before when the Catholic Church made an j]ZY_]`^Â?[bj]^]Z`z|^b{^zb„]^Z\^b{^Â›ÂşÂœÂšÂ–^_]^ Urhobo Historical Society’s waado.org of Nigeria through industrialisation, becoming the party’s candidate for inroad into the coastal communities became the Secretary to the Kindred thus: “Okumagba was a great teacher of as he was reported by the Nigerian the gubernatorial election in the then v„^ j_]^ b€]`^ ]zjZ^ Z\^ ]ˆ]~xzb˜]q^ d|^ Families of Olodi, Oki and Ighogbadu Arithmetic. His specialty in my memory d\]` ]`^ v„^ Z|^ ™´Â‚^ ›º¢º^ Z\^ \Z|b{€^ Bendel State, now Edo and Delta states. Z``b}^ _]^ ]`|^b{ÂŽ[]{jbZz^€`Z{q„Zj_]`^ of Okere-Urhobo, taking over from was relative motion represented by while campaigning for governor: “The He was the pioneer Board Chairman of ]~d`ZY]q^j_]^„Zbj_‚^€]Fb{€^_b\^Y_bzq`]{‚^ j_]^  ]j]`Z{^ Z^ dZ~Gvzv^ d[`[‚^ ‡_v^ those ‘Lacombe’ problems where train economy of Nigeria is in danger and may collapse unless steps are taken to the Ajaokuta Steel Company Limited. including Daniel, baptised as Christians was until then the acting secretary. In ^ Z{q^ j`Zb{^ ^ v„^ qbD]`]{j^ z]{€j_\^ Z`]^ diversify the economy through rapid The great man passed away on June into the Catholic fraternity whilst the tradition of the celebrated African j`Z ]zzb{€^v{^Zq‘ZY]{j^j`ZYƒ\^Zj^qbD]`]{j^ industrialisation.â€? Okumagba’s zeal to re™¢Â‚^ ™ššš‚^ z]Z b{€^ d]_b{q^ Z^ Y_]`b\_]q^ sending them to the Roman Catholic leaders of the anti-colonial movement speeds, either in the same or in opposite enact the feat of steel serving as the basis legacy as a teacher, legislator, politician, Mission (RCM) School in Warri. who started out in life as teachers, directions.â€? of the industrial revolution in Europe businessman and frontline Niger Delta This way, the young Daniel obtained such as Nnamdi Azikiwe and Kwame Okumagba’s foray into politics was and America had to contend with the Nkrumah, the zestful young Daniel _b\^ ]ZY_]`‹\^ ]`jb˜YZj]^ „`v~^ j_]^ leader. kindled by Dr. Nnamdi Azikiwe, Western powers being reluctant to assist It is a well-documented oddity of prestigious St. Thomas College, Ibusa. carved his early niche as a teacher and popularly called Zik of Africa, an with the technology to set up the plant, added the dimension of serving as a history that very many famous fathers Even though he passed his matriculation inspiring speaker, who “commanded in which case Nigeria had to depend on almost always ended up siring very values that connected with my the old USSR until the military takeover infamous, if not disreputable children. „Zj_]`‚^ _]^ ‡Z\^ \]zÂŽ]\\‚^  b\bv{Z`|^ Z{q^ v„^ ]Y]~d]`^¤Â›Â‚^›º½¤Â‚^Zzz^d[j^ƒbzz]q^vD^j_]^ As the scion of Chief Okumagba, the q]j]`~b{]q}Â?^ _]`]^ b\^ v{^ xZ€]^ ¢´^ v„^ dream. Bernard Oboatarhieyeren Okumagba j_b\^dvvƒ^Z^›º´Âš^YZ~xZb€{^xv\j]`^v„^j_]^ pictures of Chief Daniel Okumagba and has in Footprints of a Statesman: The Life and the national leader of the NCNC, Dr. Times of Daniel Okumagba blazed a trail of \^ _b\^ zbFz]^ Nnamdi Azikiwe, bearing the legend political example in Nigeria. In the son’s contribution to the “Vote for NCNC and Midwestâ€? at the appreciation of the father there is a huge Fanaticism? No. Writing is exciting development of Esan, jvx^ Z{q^ Š Â&#x;bƒb‡]^ ›º´Âš^ ƒ[~Z€dZÂ?^ vista for other political families to explore and baseball is like writing. Nigerian and African Zj^ j_]^ dvFv~}^ „^ Yv[`\]‚^ ƒ[~Z€dZ^ in Nigeria’s march to true nationhood. You can never tell with either literature in general, literary went on to defeat the incumbent Chief There is the need to hold the fathers to how it will go writer, Omohan Ebhodaghe, Reece Edukugho of the Action Group account, and Chief Daniel Okumagba or what you will do; has released the much awaited for the Warri East Constituency seat in trumps because his opinions on all book: In the midst of Loafers generating excitement— the Western Region House of Assembly b\\[]\‚^ {v^ ~ZF]`^ _v‡^ Yv{j`v ]`\bZz‚^ Z`]^ to the general public. The a fever in the victim— on the ticket of the NCNC. He was a never hidden. For instance, he dismisses dvvƒ^ _Z\^ º£Âœ^ xZ€]\‚^ Z{q^ b\^ ^xbjY_]`‚^YZjY_]`‚^˜]zq]`‚^dZF]`} member of the Western Region House the Land Use Decree thusly: “I have his own way of sharing his Victim in what category? v„^ \\]~dz|^ [x^ jbzz^ ›º´¤^ ‡_]{^ j_]^ never considered the Land Use Decree community in Edo State. Born Owlman watching from the press box? a wise legislation. For one thing, it is not b{^ Z€v\‚^ d_vqZ€_]^ZF]{q]q^ Midwest Region was created. To whom does it apply? practicable.â€? the universities of Benin and \^ Z^ ¤½Â‰|]Z`‰vzq^ z]€b\zZjv`^ b{^ j_]^ This is a book to treasure indeed. Unlike Who is excited? Might it be I? Lagos respectively. Western House at Ibadan, Okumagba many books published in Nigeria, it is j‹\^Z^xbjY_]`‹\^dZFz]^Zzz^j_]^‡Z|ĂŽ He co-edited an anthology “was as hard on the central government ‡]zz‰b{q]ˆ]q}^ _]^ ›´^ xZ€]\^ v„^ ]xvY_Zz^ a duel— of poems and stories titled: as he was on the Western Region photos put history before our very eyes. a catcher’s, as, with cruel Twenty Nigerian Writers: government, whenever he saw injustice.â€? The print quality is so eye-friendly that one Portraits. He is also the puma paw, Elston Howard lumbers His well-judged submissions were duly cannot but read on and on until the very author of Hightower: Ibhayu lightly reported in The Hansard, such as the end. Footprints of a Statesman by Bernard Poetry and Photocopies and London, UK and divides his back to plate. (His spring q]dZj]\^v{^ v ]~d]`^™¤Â‚^›º´Âš^‡_]`]b{^ Okumagba deserves a place in the shelf Original. A former part-time time between North London, de-winged a bat swing.) Okumagba asked pointedly: “Why of the library of every Nigerian home and schoolteacher, he was the UK where he lives and works, They have that killer instinct; ›ºº¤žÂ‹º£^ [dzbYbj|^ ]Y`]jZ`|^ courtesy of a British Council, can’t the Western Region government institution. yet Elston—whose catching of the Association of Nigerian Z€v\^ vAY]^ Z\\b\jZ{Y]^ Z{q^ (AG-controlled) leave the Warri Urban arm has hurt them all with the bat— Authors (ANA), Lagos State Akho, Irrua in Edo State where District Council (NCNC-controlled) *Uzor Maxim Uzoatu is a literary when questioned, says, unenviously, chapter. He is also a member he has a house on a six acres on its’ own?â€? As a formidable leader, journalist, writer and author of God of Poem by: Marianne Moore ƒ[~Z€dZ^ ‡Z\^ b``]\b\jbdz]^ b{^ ˜€_jb{€^ Poetry. of the Society of Authors, land.

L

Poetry

Baseball and writing

Omohan Ebhodaghe out with In the midst of Loafers

A

26

SUNDAY NEWSWATCH, JULY 27, 2014

OPINION www.mydailynewswatchng.com

Sunday Newswatch

OUR VISION

-Tradition built on truth

To support Nigeria’s quest for justice through intellectual approach

Published by Newswatch Newspapers Ltd.

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BARRISTER JIMOH IBRAHIM, OFR - PUBLISHER

MOSES JOLAYEMI DELE FASHOMI PATRICK ASONYE OLANREWAJU OYETADE MIKAIL MUMUNI AKIN ORIMOLADE SONI EHI ASUELIMEN OLUKAYODE OGUNJOBI

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Still on Super Eagles’World Cup exit Tayo Ogunbiyi

I

t is no longer news that the Super Eagles of Nigeria crashed out of the on -going FIFA World Cup in Brazil. Having withstood France for a greater part of their second round game at the 69,349 capacity Estadio Nacional, in Brasilia, the Super Z€z]\^ ˜{Zzz|^ YZxbj[zZj]q^ b{^ j_]^˜{Zz^j‡]z ]^~b{[j]\^v„^j_]^ €Z~]‚^ z]Fb{€^ b{^ j‡v^ €vZz\^ b{^ almost quick succession. With this, Nigeria failed in her quest to surpass the second round feat it achieved in USA 94 and France 98. Only three African countries: Cameroun in Italia 90, Senegal in Korea/Japan2002 and Ghana in South Africa ™š›š^_Z ]^€vF]{^jv^j_]^Â?[Z`j]`^ ˜{Zz^ \jZ€]^ v„^ j_]^ v`zq^ [x^ since the event began in 1930. Expectations were rife in the country before the Brazil 2014 World Cup began that this time around, the Super Eagles would at least beat its own record. In as much as there is no crime in wishing one’s country the best in major sporting events, the reality, however, is that a country cannot rise above the quality of players it has in such a competition as keenly contested as the World Cup. What we presented at the on- going World Cup in Brazil, compared to what we _Zq^ v{^ vD]`^ Zj^ dvj_^ j_]^ ^ 94 and France 98 events were average footballers. Though it could be argued that in some instances, unknown and budding footballers usually force themselves into world reckoning on such a big stage as the World Cup, the truth, however, is that no country parading average players has ever won the World Cup. Those who follow the soccer trend in the country in recent time know for certain that Nigerian players no longer feature for top and revered European football clubs like it used to be in the past. Our topmost players, Mikel Obi and Victor Moses, who ply their soccer trade with Chelsea FC (with Moses on loan last season to Liverpool FC) of England,

were only good enough for the bench in their respective teams for a considerable part of the season. Viewing things from this perspective, the only thing that could have made the Eagles soar higher at the World Cup would have been mother luck. Unfortunately, mother luck was a scarce commodity for the Super Eagles in Brazil. One must, however, commend our players for giving out their best for the country throughout the competition. With the early exit of great footballing countries such as Spain, England and Italy, with their rich football culture and abundant talents, one could not but appreciate j_]^ ]Dv`j\^ v„^ v[`^ dv|\}^ ˆY]xj^ „v`^ j_]^ ˜`\j^ ~ZjY_^ Z€Zb{\j^ Iran, when they performed below par, the Eagles put up gallant displays in subsequent matches against Bosnia and Herzegovina, Argentina and France. The Super Eagles have nothing to be ashamed of losing to Argentina and France in the fashion they did. It is only a few countries in the world that could actually withstand the soccer wizardry of Lionel Messi and his team mates without d]b{€^]D]Yjb ]z|^dZF]`]q}^^^^^^^^^^^ Lots of commentators and analysts, as usual, have come down heavily on the Super Eagles Coach, Stephen Keshi, in a bid to make him a scapegoat of our exit from the World Cup. Some have accused him of taking the wrong set of players to the world tourney while others have slammed him for allegedly being biased in his team selection. While not holding brief for Keshi, it is important to state that no other coach in the history of our country, except for Clemens Westerhof, has achieved as much as Keshi did for our football. Against all odds, he won the Nations Cup in South Africa in 2013, a feat he eventually capped up with qualifying the country for the Brazil World Cup in style without having to rely on the outcome of other countries’ results. At the 2010 World Cup

in South Africa, Lars Lagerback, the Swedish born foreign coach who led us to the World Cup, despite the multimillion dollar contract he signed with our Football Federation, could not get us beyond the ˜`\j^ `v[{q‚^ Z^ feat achieved by Keshi in Brazil 2014. Rather than trading blames Z{q^ ˜{qb{€^ faults, it would be more helpful for us to make ]D]Yjb ]^ [\]^ of vital lessons learnt at the tourney in order jv^ qv^ d]F]`^ at subsequent editions. For instance, it would be more appropriate

details that concern players’ remuneration. It is, therefore, vital that our soccer authorities put in place a system that could \[AYb]{jz|^ q]Zz^ ‡bj_^ b\\[]\^ v„^ match bonuses, allowances and Zzzb]q^~ZF]`\^d]„v`]^‡]^]~dZ`ƒ^ on any major competitions. In this case, our football managers must step up their game by doing the needful. A major issue that would continue to generate `b(^ d]j‡]]{^ v[`^ „vvjdZzz^ administrators and players has always been that of lack of trust. The players don’t trust the soccer administrators because j_]|^ d]zb] ]^ j_]^ zZF]`^ Z`]^ {vj^ interested in their welfare. The way forward is for soccer administrators to embrace transparency and integrity in v`q]`^jv^]Z`{^j_]^Yv{˜q]{Y]^v„^ the players. On the issue of Stephen Keshi, though the situation concerning the real state of his contract remains a mystery, it would be in the best interest of the country to retain the YvZY_}^ _Z{€b{€^ YvZY_]\^ Z(]`^ every major tournament would for future purpose, if relevant only set us backward in every authorities could ensure that perspective. The experience team spirit is that the coach and his crew not distracted members have amassed since with the coming on board could only issues of ~Zƒ]^ j_]~^ d]F]`^ ~Z{Z€]`\}^ money and Since the days of Westerhof, other such no other Super Eagle coach e n g r o s s i n g has given hope to locally based \j[D\}^ ]‡\^ players in the country as Keshi of bickering qbq}^ v^ ~ZF]`^ j_]^ qbD]`]{Y]\^ over money that exist between Keshi and his ~ZF]`‚^ Z^ employer, the Nigeria Football r e c u r r i n g Federation (NFF), they should issue, only dvj_^‘]Fb\v{^x]`\v{Zz^x`bq]^Z{q^ goes to show put the interests of the country us as a people above all other considerations. that lack in It is, therefore, important a d e q u a t e that the two parties promptly Z{q^ ]D]Yjb ]^ sit down to map out the way planning. It is forward for our national team. a shame that Considering the fact that the a country next Nations Cup is just around of Nigeria’s the corner, consolidating on the s t a t u r e exploits of Keshi and his boys would send in South Africa and Brazil is, players to a perhaps, the most ideal path to stage as big follow. as the World Cup without Ogunbiyi is of the Features sorting out Unit, Ministry of Information & such vital Strategy, Alausa, Ikeja.

Mikel Obi and Victor Moses, who ply their soccer trade with Chelsea FC (with Moses on loan last season to Liverpool FC) of England, were only good enough for the bench

27

SUNDAY NEWSWATCH, JULY 27, 2014

OPINION Age of impunity Goke Omolade

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y disposition, no man hewed of the Adamic nature wants to be subject to any form of restraint. Zj_]`‚^]ZY_^x`]„]`\^jv^d]^˜]`Y]z|^ assertive and this is a basic reason why `]€[zZjv`|^ zZ‡\^ Z{q^ Yvqb˜]q^ ]j_bY\^ v„^ behaviour have been habitually made part of the societal essentials. Over the ages, obedience/guarantee of safety of lives and security of all at large has had to ÂŽv‡^„`]]z|‚^bx\v^„ZYjv}^ Indeed, humanity operates on a peculiar lifestyle of personalized, national, continental and global values which interconnect virtually all spheres of activities and based on set-standards, intra- and b{j]`‰`]zZjbv{\^Z`]^\v^xZF]`{]q^d|^j_]~}^ Considered on ethnographic parlance, the perception, role-expectation and lifevision of Afro-race are as dissimilar and divergent from the Caucasian or Oriental stock as their distinct skin pigmentation! In whatever way it is taken, mankind operates on the survival instincts of d]F]`b{€^v{]‹\^zvj^Z{q^jv^Z^zZ`€]^]ˆj]{j‚^ the position of money in its all-embracing entirety can hardly be underrated because, for such, money and power are an inseparable twosome kind that predominantly decides their total being. For them, monetizing all things they have contact with is, to say the least, a way of life. Whereas, in its original innocence, money features as a medium of exchange, store of value and unit of account. No less important is the individuality of each x]`\v{^Z{q^j_]^ Zz[]\^žÂ€vZz\‰\]Fb{€^ b\‰ a-vis socialisation process one is nurtured with. A fellow with a thoroughbred values-orientation usually stands out because whatsoever comes along in the process of life journey is experientially surmountable. Upon the above exposition, typical nations evolve mainly from typical leaderships while such leaders emerge from the typical followership and inversely societal foundational events appropriately project accruing vision/ emptiness of inertia and ineptitude as each instance turns out. Even, in the analogy of God-on-man relationship, there exists three series:those who God zv ]\^ d[j^ qv^ {vj^ zv ]^ b~–^ j_v\]^ ‡_v^ vq^zv ]\^Z{q^ ]^b\^zv ]q^b{^`]j[`{^Z{q^ those who God hardly bothers about but they “cravingly loveâ€? God regardless. Traversing the annals of man, king Solomon of ancient Israel and Nigeria’s Olusegun Obasanjo were so loved by God during their stay in power but in the ]{q‚^dvj_^xvv_‰xvv_]q^ b\^`Z`]^x`b bz]€]^ to do what basically was right. Solomon was so divinely favoured (even though

disillusioned) throughout his forty-oddyear reign and this was underlain with virtual peace on all fronts while Obasanjo played the had-to-be-appeased-god during his twice-reigns of some eleven years. As if on historical coincidences, both rulers made their nations-at-large to sin. While Solomon became so idolatrous by marriage with several strange women, Obasanjo pulled Nigeria’s soul to the forest of ungodliness with the hosting of the 1977 FESTAC Jamboree and retrospectively, Nigeria in entirety ,ever since, has not recovered from that abyss of complicated fetish practices. Perhaps unknown to Obasanjo, his second foray to power (1999-2007) was a rare opportunity to remedy his mostly unqvb{€\^v„^_b\^˜`\j^`]b€{^”›º¢´Â‰¢ºÂ•^d[j^Â?[bj]^ Y_Z`ZYj]`b\jbYZzz|^ dZ\Z{‘v–^_]^jvvƒ^bj^Zzz^ as a result of his wits and native wisdom.

v‡^‡`v{€^_]^‡Z\^`]Zzz|}^ King David and Yakubu Gowon denote the pair of the second type of the above-highlighted God/man relationship where there ought to exist a forth-andback linkage though with occasional frictional hiccups. Z bq‚^ bj^ ‡Z\‚^ ‡_v^ Yv~~bF]q^ j_]^ heinous crimes of murder, adultery and bloody war campaigns and all these summed up put him on a wide distance from his Creator. Nevertheless, vq‹\^ b{˜{bj]^ zv ]^ \jbzz^ zvYZj]q^ Z{q^ ~Zq]^ _b~^ jv^ d]^ Z(]`^ vq‹\^ v‡{^ _]Z`j}^ As for Gowon, his reign was said to be comparatively steadied, save for the

avoidable, needless civil war. That at a prosperous point, Clement Isong, his Central Bank Governor, was quoted to have said: Nigeria’s problem was not about making money but how to spend it! For Gowon apologists, despite his errors of judgment, his era was aptly q]\Y`bd]q^Z\^ b€]`bZ‹\^˜{]`‚^€vzq]{^|]Z`\^ where its innate quality capability and superabundant resources were brought to the fore. For instance, at that time, it was the only nation that got involved in an engaging war without external loans. On their agonising standpoint, v‡v{‹\^ Y`bjbY\žY|{bY\^ qbD]`]{jz|^ lampooned his era as Nigeria’s most dbF]`^Z{q^j`Z[~ZjbÂ&#x;]q^x]`bvq^‡_bY_^‡Z\^ landmarked with revengeful mission, corrupt practices, inexperience, massive wastages and visionless leadership. That it was his reign that signaled the point where the nation at large started with missed/near-missed opportunities which it was yet to recover from. Of late, these never-say-die Gowon antagonists have rallied on their relentless charges that Gowon, in his dotage and with a bloody/guilty conscience to cleanse, has resorted to his so-called Nigeria-Prays jamboree! The third group of people is so repulsive to the almighty one and is made up of those rulers/leaders who have made zb„]^‡v`\]^vD^„v`^j_]b`^YbjbÂ&#x;]{\žÂ„vzzv‡]`\^ since they falsely claim to be in charge b{^j_]^{Z~]^v„^j_]^ v`qžÂ„v`^j_]^\Zƒ]^v„^ their people! This is very instructive since

Disorientation, invertebrate leadership style and apparently drawing condemnable cues from those power perverts, the citizenry similarly resort to impunity, amoral and short-cut devices to attaining set-goals

God’s word says that none gets to the position of authority ‡bj_v[j^ b\^ consent and for such people to be so decidedly wicked, perverted and tyrannical is like making

b~^ j_]^ Godfather of their devilish intrigues. ] Z „ b { €^ through historical pages, such evil-reincarnates abide from seasons to seasons, nations to nations and individuals by individuals and ridiculous enough, these rulers accountable to {v^ v{]^ v(]{^ ]{€Z€]^ b{^ j_]^ \xb`bj[Zz^ calisthenics and antics‌all in a bid for power perpetuity. It is in this sickening culture of sheer idiocy emanate all manners of vices ranging from mindless looting of the commonwealth of all with daring recklessness, maladministration, ZFbj[qb{Zz^ qb\v`b]{jZjbv{‚^ b{ ]`j]d`Zj]^ leadership style and apparently drawing condemnable cues from those power perverts, the citizenry similarly resort to impunity, amoral and short-cut devices jv^ ZFZb{b{€^ \]j‰€vZz\}^ \^ [{b ]`\Zzz|^ acknowledged, obedience to societal rules and regulations require certain degree of compulsion and it is the amount/extent by which obedience is enforced that makes all and sundry to comply, willynilly. Sometime last year in the United States, a serial criminal got loose on the society and his maddening threat became so dreadful that its President, Barack Obama, rolling up his shirt sleeve on a nationwide scene, had to mobilise all that was required to rein in the miscreant in no time. On a contrasting note, just take Nigeria’s Y[``]{j^b``bjZ{j\‚^j_]^ vƒv^ Z`Z~” •^ renegades that have sounded enough warnings since their 2003 initial hitZ{q‰`[{^ ZFZYƒ\}^ ^ \]`bv[\^ {Zjbv{^ ‡bj_^ a serious and caring leadership would have nipped in the bud their nowdevastating threats in infancy. Instead of direct, surgical operations against typical societal issues, typical rulers resort to shadow-boxing/empty sloganeering while their nation continues to avoidably fester. But can any sane being fault such ineptitude, egoistic tendencies, tactical

rather than strategic pseudonationalists? If only I were in charge of contemporary Nigeria as I would have begun with undoing what our rulers (leaders?) have done since January 1914 and as for Nigeria’s b\j\–^ ^ ‡v[zq^ ˜`\j^ Zxx]Zz^ jv^ them in the name of everything they believe in and then reach out to them, in deed and need. If they still remain recalcitrant, I would then put the world on notice by severing diplomatic relations with nations with proven YvzzZdv`Zjb ]^Yv{{]Yjbv{\^‡bj_^j_]^ b\j\}^ (]`‡Z`q\‚^ ^ ‡v[zq^ ] ZY[Zj]^ Zzz^ ‡bzzb{€^ zb b{€^ d]b{€\^ „`v~^ j_]^ b\j‰b{„]\j]q^ states, completely level the state and subsequently rebuild them. Though, weakkneed cowards may shout themselves hoarse, a strong message of none-shouldbe-above-the-law would have been well understood. This is because nothing can be more enervating for a nation of over one hundred million people to be held to ransom for over a decade by a rag-tag band of career criminals. Nor watch able bodied/ innocent people be wasted away all for the inertia/parochial interests of particularly corrupt, tenacious rulers accountable to no one except their lustful desires. In fact, as globally accepted, the best form of governance is still representative democracy and even at that, the very art and science of sound government is in `]z]{jz]\\^ x[`\[bj^ v„^ _v‡^ d]{]˜YbZz^ ~Z{^ can garner the more from accountable governance. Till date, ethnographers YzZb~^j_Zj^_[~Z{bj|^_Z\^˜ ]^\ƒb{‰Yvzv[`\^ of people: black, white, yellow, brown Z{q^ `]q–^ `Z{€b{€^ „`v~^ „`bYZ‚^ [`vx]^ ‚ \bZ‚^ ~]`bYZ\‚^ Y]Z{bY^ Z{q^ ZYb˜Y\}^ Out of all these, none is insulated against any known vice of man but it is the sense of purpose of each leadership in charge that draws the line between sanity or vj_]`‡b\]}^ v~x[z\bv{^ jv^ Yvqb˜]q^ `[z]\^ of behaviours or sheer impunity births all abnormalities in man in its self-destruct pursuit of modernity, just as disobedience x[\_]q^~Z{‹\^˜`\j^xZ`]{jZ€]^v„^ qZ~^Z{q^  ]^jv^Yv~~bFb{€^j_]^€`b] v[\^\b{^v„^j_]^ great fall.

F E9=@D47 H5>A467 I>@7 J9K49E9=@D4L C9AE@>=N?9E777777

The disastrous consequences of politics of hatred interests. _v\]^ €zbd‰jZzƒb{€^ Zq b\]`\^ v(]{^ \[D]`^ ^ vYYZ\bv{Zz^ q]€`ZqZjbv{‚^ ‡_]{^ atred is a satanic category. It their hateful propaganda stunts fuels unreasoned behaviour. collapse. During the Iraq invasion, Tony It helps to throw caution to the wind. It blurs and retards Blair used every known illogicality to the intellect. It deconstructs the structure x`vxZ€Zj]^ b{Z{bjb]\^ j_Zj^ ˜`]q^ [\_^ jv^ of human intelligence and replaces it order the “awe and shock of Iraq.â€? From _b\^`]Y]{j^[F]`Z{Y]\‚^_]^b\^v„^j_]^\Z~]^ with irrationality. When nations anchor their ego- opinion still. Tony Blair has always xvzbjbYZz^ ZFbj[q]\^ v{^ _Zj`]q^ „v`^ vj_]`^ carried on as if he is a very intelligent nations and peoples, they apply x]`\v{}^ ]^~Z|^d]^d[j^_Z\^Zz‡Z|\^x[j^ frenzied calculations, hysteria and his intelligence on the wrong side of megalomaniac indices as state policies. history. David Cameron is right to say that It is true that in the face of common Britain will not send soldiers to Iraq. danger, enemies become friends. The Soviet Union and America b\Y[\\b{€^ j_]^ ~ZF]`^ Zj^ j_]^ `]Y]{j^ [{bj]q^jv^˜€_j^ bjz]`‹\^ ]`~Z{|}^ vqZ|‚^ meeting of the Curatorium of BOSAS the USA and the UK are re-establishing ^ ^ b{^ relations with Iran, as a result of the Strasbourg, France, the body noted ISIS onslaught on Iraq .In international that “Tony Blair is forever one of those relations, ideally, there should be no responsible for the Iraqi Crisis. It noted permanent enemies but permanent ‡bj_^ \Zjb\„ZYjbv{^ j_Zj^ ]`^ Z‘]\j|‹\^ Professor Dr. Emmanuel Omoh Esiemokhai

H

Government has no intention, funds and expendable social humans to continue Blair’s ghoulish, bloody geopolitical games.� v‡^j_Zj^ ZGb^ ]˜{]`|^_Z\^„Zzz]{^b{jv^ ISIS hands, one of the major interests of oil investors has been hit. The remote cause of the Middle East crisis is the Sykes/Piko treaty in which the British and the French laid down damaging arrangements over the Middle East, over a hundred years ago. The governments of Syria, Iraq, and others did not return the blow. As ]`j`Z{q^ [\\]zz^\Zbq‚ “ Beware of the person who does not return your blow- he will not forgive you, nor allow you to forgive yourself.� The Arabs have very enduring spirit. The new spirit of reconciliation between Iran and the West is welcome. It has put to shame all those forces of negativism, who have prospered by fanning the embers of hatred for Iran, just because of

the Islamic revolution in Persia. It is very surprising that for ten years, {v^ v{]^ YZ[jbv{]q^ ^ Zzbƒb^ j_Zj^ _b\^ politics of hatred can only bear the fruit `ZÂ?^b\^{v‡^\~Z`jb{€^[{q]`}^ Zj]^b\^{v^ excuse for wickedness. There are always karmic responses to wickedness and the wicked shall never go unpunished, said j_]^ v`q^v„^ v\j} In this era of the anti-Christ, as I have ‡`bF]{‚^dbÂ&#x;Z``]^vYY[``]{Y]\^‡bzz^_Zxx]{^ [{jbz^v[`^ Z bv[`^ ^ ^Yv~]\^ down with his saints in bright array to establish a new Jerusalem.

Z b{€^b{j]`ZYj]q^‡bj_^j_]^ Z[YZ\bZ{^ `ZY]^„v`^v ]`^˜(|^|]Z`\‚^ ^_Z ]^ZYY[\]q^ them in my books of intellectual arrogance, in that what they know is knowledge and that there is ONE ^ ^ ^ }^ _Zj^ vj_]`\^ ƒ{v‡^ ~[\j^ d]^ Â?[Zzb˜]q^ d]„v`]^ acceptance. This false ideological imposition has long been exploded and has been laid to ridicule.

The lip of truth shall be established forever , the lying tongue is but for a moment. Professor Dr. Emmanuel Omoh Esiemokhai wrote from Bradford {bjbZjb ]^ AY]‚^

Hate is no excuse for wickedness. There are always karmic responses to wickedness and the wicked shall never go unpunished

28

SUNDAY NEWSWATCH, JULY 27, 2014

SCIENCE

...from the beginning

establishes viral Scientists propose method ‘HIV reservoirs speedily’ A to amplify empty space

Emmanuel Olojuanu with agency report

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ZY[[~^ ÂŽ[Yj[Zjbv{\^ ~Z|^ d]^ Z~v{€^ the most counter-intuitive phenomena of quantum physics. Theorists from j_]^ ]bÂ&#x;~Z{{^ {\jbj[j]^ ” ]_v vj‚^ Israel) and the Vienna University of Technology propose a way to amplify their force. Vacuum is not as empty as one might think. In fact, empty space is a bubbling soup of various  b`j[Zz^xZ`jbYz]\^xvxxb{€^b{^Z{q^v[j^v„^]ˆb\j]{Y]^ ‰^ Z^ x_]{v~]{v{^ YZzz]q^ Š ZY[[~^ ÂŽ[Yj[Zjbv{\}Â?^ \[Zzz|‚^ \[Y_^ ]ˆj`]~]z|^ \_v`j‰zb ]q^ xZ`jbYz]\^ remain completely unnoticed, but in certain cases  ZY[[~^ „v`Y]\^ YZ{^ _Z ]^ Z^ ~]Z\[`Zdz]^ ]D]Yj}^ ^ team of researchers from the Weizmann Institute v„^ Yb]{Y]^ ” ]_v vj‚^ \`Z]z•^ Z{q^ j_]^ b]{{Z^ University of Technology has now proposed a method of amplifying these forces by several orders of magnitude using a transmission line, channelling virtual photons. . /00/12345673704896;<=6><?=6@/06C6D2ED761F2D7J5 If you park your car somewhere and later it is gone, that is most probably not due to vacuum ÂŽ[Yj[Zjbv{\}^ d‘]Yj\^ qv^ {vj^ qb\Zxx]Z`^ v`^ reappear, that would violate the law of energy conservation. In the world of quantum physics, _v‡] ]`‚^j_b{€\^Z`]^Z^dbj^~v`]^Yv~xzbYZj]q}^Š []^ to the uncertainty principle, virtual particles can Yv~]^ b{jv^ ]ˆb\j]{Y]^ „v`^ Z^ d`b]„^ x]`bvq^ v„^ jb~]‚Â?^ says Igor Mazets from the Vienna University of Technology. “The higher their energy, the faster they will disappear again.â€? But such virtual particles can have a measurable Yvzz]Yjb ]^]D]Yj}^ j^ ]`|^\_v`j^qb\jZ{Y]\‚^ ZY[[~^ ÂŽ[Yj[Zjbv{\^ YZ{^ z]Zq^ jv^ Z{^ ZF`ZYjb ]^ „v`Y]^ between atoms or molecules- the Van der Waals „v`Y]\}^  ]{^ j_]^ Zdbzbj|^ v„^ Z^ €]Yƒv^ jv^ Yzb~d^ ÂŽZj^ \[`„ZY]\^ YZ{^ b{^ xZ`j^ d]^ ZF`bd[j]q^ jv^  ZY[[~^

Vacuum energy

ÂŽ[Yj[Zjbv{\^ Z{q^  b`j[Zz^ xZ`jbYz]\}^ _]^ „Z~v[\^ Z\b~b`^ ]D]Yj^ b\^ Z{vj_]`^ ]ˆZ~xz]^ v„^ j_]^ xv‡]`^ v„^ j_]^  ZY[[~ ^ _]^ x_|\bYb\j^ ]{q`bƒ^ Z\b~b`^ YZzY[zZj]q^ b{^ ›º£½^ j_Zj^ j‡v^ xZ`Zzz]z^ ~b``v`\^ b{^ ]~xj|^\xZY]^‡bzz^ZF`ZYj^]ZY_^vj_]`^q[]^jv^j_]^‡Z|^ j_]|^b{ÂŽ[]{Y]^j_]^ ZY[[~^Z`v[{q^j_]~} =/K?6C3Q6UF/=/3? Two atoms close to each other will also change the local vacuum around them. If one of them emits a virtual photon, which is almost instantly absorbed by the other, then on any timescale larger j_Z{^j_]^d`b]„^~v~]{j^v„^j_]^x_vjv{‹\^]ˆb\j]{Y]‚^ nothing much has happened -- the total energy is conserved. But the fact that virtual particles can d]^ ]ˆY_Z{€]q^ ~vqb˜]\^ j_]^  ZY[[~^ Z`v[{q^ j_]^ atoms, and this leads to a force. “Usually, such forces are very hard to measure,â€? says Igor Mazets. “This is partly due to the fact, j_Zj^ \[Y_^ Z^ x_vjv{^ ~Z|^ d]^ ]~bF]q^ b{jv^ Z{|^ direction, and the chances of the second atom absorbing it are very small.â€? [j^‡_Zj^b„^j_]^ b`j[Zz^xZ`jbYz]^_Z\^Z^zbFz]^_]zx^ jv^ ˜{q^ bj\^ ‡Z|Ă”^ x_`Zb~^ _Z_~vv{‚^ ]`\_v{^ Kurizki (Weizmann Institute of Science) and Igor Mazets calculated what happens to vacuum forces

between atoms when they are placed in the vicinity v„^Z{^]z]Yj`bYZz^j`Z{\~b\\bv{^zb{]^\[Y_^Z\^Z^YvZˆbZz^ cable or a coplanar waveguide (a device used in YZ bj|^Â?[Z{j[~^]z]Yj`vq|{Z~bY\^]ˆx]`b~]{j\^Z\^ an open transmission line), cooled to very low j]~x]`Zj[`]\}^ Š {^ j_Zj^ YZ\]‚^ j_]^ ÂŽ[Yj[Zjbv{\^ Z`]^ ]D]Yjb ]z|^Yv{˜{]q^jv^v{]^qb~]{\bv{‚Â?^\Z|\^ €v`^ Mazets. The virtual particles will be forced to go into the direction of the other atom. {^j_Zj^YZ\]‚^j_]^ÂŽ[Yj[Zjbv{‰~]qbZj]q^ZF`ZYjbv{^ between the atoms becomes orders of magnitude stronger than in free space. Usually, the force decreases rapidly with increasing distance d]j‡]]{^j_]^Zjv~\}^ []^jv^j_]^j`Z{\~b\\bv{^zb{]‚^bj^ „Zzz\^vD^‡bj_^v{]^v ]`^j_]^qb\jZ{Y]^Y[d]q‚^b{\j]Zq^ of one over the seventh power of the distance, as in the usual case. The researchers believe that their proposed enhancement of the power of vacuum ÂŽ[Yj[Zjbv{\^ YZ{^ _Z ]^ x`v„v[{q^ b~xzbYZjbv{\^ „v`^ [{q]`\jZ{qb{€^ Z\b~b`^ Z{q^ Z{^ q]`^ ZZz\^ forces and it may even be used for applications in quantum information processing and other emerging quantum technologies

Discovery: Four-winged dinosaur resembled airplane

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cientists have discovered a large \x]Yb]\^ v„^ ÂŽ|b{€^ „v[`‰‡b{€]q^ dinosaur that may have relied on a long, feathery tail to prevent crash zZ{qb{€\}^ _Z{€|[`Zxjv`^ |Z{€b^ ‡Z\{‹j^ a bird, but it was probably a cousin to ]Z`z|^db`q\^zbƒ]^ `Y_Z]vxj]`|ˆ^‰^Z^\j`Z{€]‚^ winged creature that sported “feathered trousersâ€? on its hind legs. A remarkable new fossil of the largest Š„v[`‰‡b{€]qÂ?^ ÂŽ|b{€^ qb{v\Z[`^ ‡bj_^ dramatic long feathers reveals a design more like a plane than a bird, a team of scientists says. v\j^ Š„v[`‰‡b{€]qÂ?^ ÂŽ|b{€^ qb{v\Z[`\‚^ like the Microraptor, were relatively light. [j^j_]^{]‡^„v\\bz‚^{Z~]q^ _Z{€|[`Zxjv`^ yangi, described in the journal Nature v~~[{bYZjbv{\‚^ ‡Z\^ Z^ `]zZjb ]z|^ zZ`€]^ x`]qZjv`|^ ÂŽb]`‚^ \Zbq^ x`v‘]Yj^ z]Zq]`^ [b\^ _bZxx]‚^Z^xZz]v{jvzv€b\j^Zj^j_]^ Zj[`Zz^

b\jv`|^ [\][~^v„^ v\^ {€]z]\^ v[{j|}^ “Flying dinosaurs were not limited to \~Zzz^€[|\‚Â?^ _bZxx]^\Zbq^b{^Z{^b{j]` b]‡}^ “It helps us understand the mechanics of j_]b`^ÂŽb€_j}Â?^ _]^ qb{v\Z[`‚^ qb\Yv ]`]q^ b{^ _b{Z‹\^ bZv{b{€^ x`v b{Y]‚^ zb ]q^ Zdv[j^ ›™œ^ million years ago. Some of its tail feathers were nearly a foot long -- the longest ever \]]{^v{^Z^ÂŽ|b{€^qb{v\Z[`‚^ _bZxx]^\Zbq}^ These “four-wingedâ€? dinosaurs get their name from their heavily feathered hind legs, which scientists think may have _]zx]q^ j_]~^ jv^ ~Z{][ ]`}^ _b\^ ÂŽ|b{€^ dinosaur wasn’t a bird, but it was probably Z^Yv[\b{^jv^]Z`z|^db`q\^zbƒ]^ `Y_Z]vxj]`|ˆ^ -- a strange, winged creature that sported “feathered trousersâ€? on its hind legs. The ˜{qb{€\^\[xxv`j^j_]^bq]Z^j_Zj^j_]^v`b€b{^ v„^ÂŽb€_j^~Z|^_Z ]^x`]Y]q]q^j_]^v`b€b{^v„^ birds, the researchers said.

_v[€_^ }^ |Z{€b^ qv]\{‹j^ Yv~xZ`]^ to the largest-known ancient bird, it’s the biggest known member of the fourwinged crowd. It weighed in around 9 pounds -- a Western gull, by comparison, weighs around two pounds. Microraptor was probably around the same size. That’s d]YZ[\]‚^‡_]{^ÂŽ|b{€‚^_Z b{€^Z\^zbFz]^~Z\\^ Z\^xv\\bdz]^]{Zdz]\^Z^Y`]Zj[`]^jv^jZƒ]^vD^ Â?[bYƒz|^v`^zZ{q^‡bj_v[j^\xzZFb{€^b{jv^j_]^ ground. Š zb€_j^b\^Z^ ]`|^]ˆx]{\b ]^d[\b{]\\‚Â?^

_bZxx]^\Zbq}^ ^Y`]Zj[`]^qv]\{‹j^‡Z{j^ jv^d]^q`Z€€b{€^Z^zvj^v„^]ˆj`Z^dZ€€Z€]^ around -- it is costly, evolutionarily speaking. [j^ ] ]{^ j_v[€_^ }^ |Z{€b^ ‡Z\^ massive compared with other fourwinged dinosaurs, it seemed to get around its weight problem with a \x]YbZz^dvq|^xzZ{}^ Zj_]`^j_Z{^_Z b{€^ a short, stubby tail like a modern bird, it had a long tail with the longest „]Zj_]`\^Zj^j_]^jbx‚^€b b{€^bj^Z^x`v˜z]^

like a modern jet plane. _]^ „]Zj_]`]q^ ÂŽb]`^ x`vdZdz|^ [\]q^ the tail to adjust its pitch -- whether its “noseâ€? was pointing up or down. That’s similar to how an airplane uses its long tail, which is particularly important in \Z„]^zZ{qb{€\^„v`^~Z\\b ]^ÂŽ|b{€^vd‘]Yj\}^ (Airplanes typically adjust their pitch for safe landings -- that’s why they seem to touch down with their noses pointing up.) Indeed, you could say this dinosaur ‡Z\^jZbz‰v`]q^„v`^ÂŽb€_j}

Vitamin D deficiency increases risk of schizophrenia

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bjZ~b{^ ‰q]˜Yb]{j^ b{qb bq[Zz\^ Z`]^ j‡bY]^ Z\^ zbƒ]z|^ to be diagnosed with schizophrenia as people who _Z ]^ \[AYb]{j^ z] ]z\^ v„^ j_]^  bjZ~b{‚^ ZYYv`qb{€^ jv^ a new study published in the Endocrine Society’s

v[`{Zz^v„^ zb{bYZz^ {qvY`b{vzv€|^Ă•^ ]jZdvzb\~} bjZ~b{^ ^_]zx\^j_]^dvq|^Zd\v`d^YZzYb[~^Z{q^b\^{]]q]q^„v`^ bone and muscle health. The skin naturally produces this  bjZ~b{^Z(]`^]ˆxv\[`]^jv^\[{zb€_j}^ ]vxz]^Zz\v^vdjZb{^\~Zzz]`^ Z~v[{j\^v„^j_]^ bjZ~b{^j_`v[€_^„vvq\‚^\[Y_^Z\^~bzƒ^„v`jb˜]q^ ‡bj_^ bjZ~b{^ } More than one billion people worldwide are estimated to _Z ]^ q]˜Yb]{j^ z] ]z\^ v„^  bjZ~b{^ ^ q[]^ jv^ zb~bj]q^ \[{\_b{]^ ]ˆxv\[`]} Schizophrenia is a mental illness with symptoms that can include delusions and hallucinations. Since schizophrenia is more prevalent in high latitudes and cold climates, researchers _Z ]^j_]v`bÂ&#x;]q^ bjZ~b{^ ^~Z|^d]^Yv{{]Yj]q^jv^j_]^qb\v`q]`} Š _b\^ b\^ j_]^ ˜`\j^ Yv~x`]_]{\b ]^ ~]jZ‰Z{Zz|\b\^ jv^ \j[q|^ j_]^ relationship between the two conditions,â€? said one of the \j[q|‹\^ Z[j_v`\‚^ _~Zq^ \~ZbzzÂ&#x;Zq]_‚^ _ ‚^ v„^ j_]^ \„Z_Z{^ University of Medical Sciences in Isfahan, Iran. “When ‡]^ ]ˆZ~b{]q^ j_]^ ˜{qb{€\^ v„^ \] ]`Zz^ vd\]` Zjbv{Zz^ \j[qb]\^ v{^  bjZ~b{^ ^ Z{q^ \Y_bÂ&#x;vx_`]{bZ‚^ ‡]^ „v[{q^ x]vxz]^ ‡bj_^ \Y_bÂ&#x;vx_`]{bZ^ _Z ]^ zv‡]`^  bjZ~b{^ ^ z] ]z\^ j_Z{^ _]Zzj_|^

x]vxz]}^ bjZ~b{^ ^q]˜Yb]{Y|^b\^Â?[bj]^Yv~~v{^Z~v{€^x]vxz]^ with schizophrenia.â€? _]^ `]\]Z`Y_]`\^ `] b]‡]q^ j_]^ ˜{qb{€\^ v„^ ݼ^ vd\]` Zjbv{Zz^ \j[qb]\^ j_Zj^ Z\\]\\]q^ j_]^ zb{ƒ^ d]j‡]]{^  bjZ~b{^ ^ Z{q^ \Y_bÂ&#x;vx_`]{bZ}^ v~db{]q‚^ j_]^ \j[qb]\^ zvvƒ]q^ Zj^  bjZ~b{^ ^ z] ]z\^ Z{q^ j_]^ ~]{jZz^ _]Zzj_^ v„^ ™‚½ÂšÂŁ^ Zq[zj^ xZ`jbYbxZ{j\}^ The studies used blood tests to determine each participant’s  bjZ~b{^ ^z] ]z\} The meta-analysis found that people with schizophrenia had \b€{b˜YZ{jz|^zv‡]`^z] ]z\^v„^ bjZ~b{^ ^b{^j_]^dzvvq^Yv~xZ`]q^ jv^ j_]^ Yv{j`vz^ €`v[x\}^ _]^ Z ]`Z€]^ qbD]`]{Y]^ b{^  bjZ~b{^ ^ levels between schizophrenic patients and control participants ‡Z\^‰œ}º›^{€ž~z}^ ]vxz]^‡bj_^ bjZ~b{^ ^q]˜Yb]{Y|^‡]`]^™}›´^ times more likely to have schizophrenia than those with \[AYb]{j^  bjZ~b{^ ^ b{^ j_]b`^ dzvvq\j`]Z~\}^ {^ Zqqbjbv{‚^ ´Âœ^ percent of the participants who had schizophrenia also were  bjZ~b{^ ^q]˜Yb]{j} ^^^Š _]`]^b\^Z^€`v‡b{€^j`]{q^b{^j_]^{[j`bjbv{^\Yb]{Y]^˜]zq^jv^ Yv{\bq]`^ bjZ~b{^ ^Z{q^bj\^`]zZjbv{\_bx^jv^Yv{qbjbv{\^\[Y_^Z\^ diabetes, cancer, heart disease and depression,â€? Esmaillzadeh \Zbq}^Š [`^˜{qb{€\^\[xxv`j^j_]^j_]v`|^j_Zj^ bjZ~b{^ ^~Z|^ _Z ]^Z^\b€{b˜YZ{j^b~xZYj^v{^x\|Y_bZj`bY^_]Zzj_}^ v`]^`]\]Z`Y_^ is needed to determine how the growing problem of vitamin ^q]˜Yb]{Y|^~Z|^d]^ZD]Yjb{€^v[`^v ]`Zzz^_]Zzj_}Â?

new study says that the HIV viral reservoir can be seeded substantially earlier than previously recognised, dimming hopes that there was a window in which the virus could be prevented from establishing a permanent foothold within its host. This latent viral reservoir of infection has proved jv^d]^j_]^db€€]\j^vd\jZYz]^jv^˜{qb{€^Z^ cure. In a sobering discovery, researchers say that rapid treatment of HIV-like infections in monkeys failed to prevent the establishment of persistent viral `]\]` vb`\^b{^Z\^zbFz]^Z\^j_`]]^qZ|\}^ The study, published in the journal, Nature, comes on the heels of news that the so-called Mississippi Baby a child once considered functionally cured of HIV due to antiretroviral q`[€^ j`]Zj~]{j^ _v[`\^ Z(]`^ _]`^ db`j_^ - had in fact been infected with the virus all along. While researchers had begun to hope that there was a window in which the virus could be prevented from establishing a permanent foothold within its host, that possibility now seems much less likely. “We show that the viral reservoir can be seeded substantially earlier than previously recognised,� wrote lead study author and Harvard Medical School virologist James Whitney, and colleagues.

^ ZFZYƒ\^ ÂŁ^ ‡_bj]^ dzvvq^ Y]zz\^ -- critical components of the body’s immune system. The virus then uses the cells to manufacture copies of itself, destroying the blood cell in the process and steadily eroding the body’s internal defenses. However, in some cases, the virus will lay dormant within a white blood cell, only to begin reproducing itself at a later date. The virus cannot be killed in this dormant state -- either by the body’s immune system or by antiretroviral drugs -- and this latent reservoir of infection has proved to be j_]^db€€]\j^vd\jZYz]^jv^˜{qb{€^Z^Y[`]}^ In the latest study, researchers infected 20 adult rhesus monkeys ‡bj_^\b~bZ{^b~~[{vq]˜Yb]{Y|^ b`[\‚^ or SIV, the simian equivalent of HIV, j_]^qb\]Z\]^j_Zj^YZ[\]\^ }^ Some of the monkeys were treated with a cocktail of antiretroviral drugs j_`]]^ qZ|\^ Z(]`^ b{„]Yjbv{‚^ |]j^ x`bv`^ to when the virus could be detected in the monkeys’ bloodstream. Other monkeys received the drug treatment Zj^\] ]{‚^›š^Z{q^ݣ^qZ|\^Z(]`^b{„]Yjbv{‚^ when evidence of the illness could be detected. In each case, antiretroviral therapy ‡Z\^ \jvxx]q^ Z(]`^ ™£^ ‡]]ƒ\}^ _bz]^ researchers had hoped the virus would not reappear in the monkeys that were treated in three days, it in fact rebounded in all of the animals. The researchers, however, did note that it took about three weeks for the virus to rebound in the monkeys that `]Y]b ]q^ q`[€^ j`]Zj~]{j^ Z(]`^ j_`]]^ days, where it took only one or two weeks in the other monkeys. In an accompanying News & Views Z`jbYz]‚^ Zb^ ]{€^ Z{q^ `}^ vd]`j^ Siliciano, both HIV researchers at Johns Hopkins University Medical School, noted that further research ‡Z\^ {]]q]q^ jv^ Yv{˜`~^ j_]^ \j[q|‹\^ results. Š [d\jZ{jbZz^ qbD]`]{Y]\^ ]ˆb\j^ between SIV infection in rhesus macaques and HIV-1 infection in humans,â€? the pair wrote. Nonetheless, they called the paper’s ˜{qb{€\^ Š\j`bƒb{€‚Â?^ Z\^ j_]|^ Z`€[]q^ that still newer medical approaches are needed to eradicate HIV.

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Dr. Olutunde John Olarinde Veterinary Surgeon/Clinician

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Tel: 08107801331 E-mail: straitgate_cpts@yahoo.co.uk

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Sunday Newswatch, July 27, 2014

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a lead vocalist in the children’s choir of Foursquare Gospel Church in Warri at the age of 8. After she graduated in 2005, she moved to Port-Harcourt, Rivers State where she worked with her family law firm called, O.S Megbele & Associates while studying French in Alliiance Francaise. On the 26th Day of January 2007, Omawumi auditioned for the West African version of an internationally acclaimed TV talent show tagged ‘IDOLS WEST AFRICA.’ Omawumi, with her strong voice and out-going personality dazzled the millions of viewers across the continent with each ‘spectacular’ and was voted the 1st runner up of Idols West Africa when the competition ended in May 2007. In September 2008, Omawumi released her debut single - In the music, a kwaito based sound, which she fused with Pidgin English and the song became an instant hit, coming tops on various radio stations and getting multiple nominations and awards, including the most coveted award ‘Next Rated’ (This award came with a Kia Optima!) and Best Female Vocalist Awards from Hiphop World Awards 2009. She also featured in the Hit Single -Thank God, by the late Dagrin. Amongst her other multiple nominations were Soundcity Music Video Awards, Nigerian Music Video Awards, City People Awards, etc). She is an Ambassador for Globacom.

knew then that she had discovered a musical synagogue to hone her artistry. In 2009, music giant SONY/ATV signed her to a singer/songwriter deal and thus far, Tiwa has written for some of today’s A-list artistes and producers. She has since received song-writing credit for her contributions on Monica’s seventh studio album - New Life: The Deluxe Album, released in 2012 and available on iTunes, for the soultinged ballad Catch me. Her exposure to various genres of music, and an understanding of the written verbiage of keys, chords and harmonies has facilitated the construction of new material. She has won the City People Entertainment Award for ‘Female Musician of the Year’, ‘Best R&B Soul Song’ for Kele Kele Love at the Afrotainment Museke Online Music Awards, ‘Most Stylish Female Artiste’ at the FAB Magazine Awards and ‘Most Promising Act’ at the Dynamix Youth Awards. She also picked up the ‘Best Female Act’ at MTV Africa Music Awards. The Nigerian beauty is a triple threat with her natural song writing ability, electrifying stage presence and a voice that stays powerful, Ms. Savage is now ready to share her music with the world. She’s got a few endorsements too in her piggy – MTN, Forte Oil, Pepsi,

Niyola

Tiwa Savage Gorgeous singer/songwriter, Tiwa Savage, has it all her sleeves; especially her voice that gives the average listener chills because her soaring voice is truly one in a million. Ms. Savage took over Africa with her lead-off single Kele Kele Love, which became an anthem for women everywhere as it took the number one spot on numerous radio and television stations across the continent. Her big break was at age 16, when she started as a background singer for George Michael, lending her voice to the world-renowned musician. Her determination didn’t stop there; Tiwa went on to sing back-up for a host of artistes, including Mary J. Blige, Chaka Khan, Blu Cantrell, Emma Bunton from The Spice Girls, Kelly Clarkson, Andreas Bocelli, Ms Dynamite, and many more. She cowrote the track Collard Greens & Cornbread on Fantasia Barrino’s Grammy-nominated album - Back to me. A graduate from the University of Kent, Tiwa received her bachelor’s degree in Business Administration and went on to Berklee College of Music where she received a scholarship to pursue a degree in Professional Music. Drawn by the diversity of cultures, and extraordinary gifts of creative students, she

Seyi Shay

Omawumi From childhood, Omawumi had been known to be a playful, energetic, intelligent and extremely talented child as she was already

Deborah Oluwaseyi Joshua (born December 21, 1985), professionally known by her stage name ‘Seyi Shay’, is a Nigerian based English singer-songwriter, recording artist, performer, and record producer. She wrote and produced three songs for the soundtrack to Konami’s video game, Crime Life: Gang Wars (2005). She also wrote - You will see, a song that was included on Melanie C’s third studio album, Beautiful Intentions (2005). Shay wrote - White Lies, a song from Chip’s Transition album. In 2008, she became the lead singer for the now defunct Pop girl group From Above. The group signed a recording deal with Sony/Columbia and was managed by Mathew Knowles’ Music World Entertainment Company. Seyi Shay is currently working on her debut studio project. She has released the singles - Irawo, Ragga Ragga, and Chairman, to support the upcoming album. In November 2013, she signed an endorsement deal with telecommunications service provider Etisalat.

R&B/Pop singer, songwriter and performing artiste; Eniola Akinbo, aka Niyola is a graduate of English from the University of Lagos. Her sojourn into music began in 2000, when she emerged runner up at the Amen Starlet Competition. In 2005, Niyola began her professional music career and was briefly affiliated with eLDee’s Trybe’s Records, following that, she put pen to paper on a production deal with Freestyle’s Make Some Noise Entertainment. Niyola’s first three singles; Me n U (In da club), No more and Dem say, were released under this imprint. Niyola’s self-titled debut album was released under WestSide Music. This album spawned hit singles; Bring it on and Call my name. She was rewarded with two Hip Hop World Awards (The Headies) nominations. While with WestSide, Niyola signed a management deal with Efe Omorogbe’s Now Muzik. In 2009, she was featured on the OVATION RED CAROL theme song. Niyola has performed at major events like the Akon in Lagos Concert, the Calabar Christmas Festival, the Y’hello Festival alongside Sasha and the Celtel tour. She also took part in the first Girl Power Tetmosol project. More recently Niyola has performed at the Nigeria’s Got Talent Grand finale, EME Baddest concert, Banky W’s Grand love concert, Women Celebrating Women’s concert, and the Hp Envy Music Festival. Niyola embarked on a brief hiatus from the music scene after releasing independent single; Turn Me On in December 2011. Niyola has so far collaborated with Faze, RuggedMan, Freestyle, Sasha, L Marshall, Burnaboy and label mates; BankyW, Wizkid, Skales and Shaydee. Officially signed to EME in the second quarter of 2012, Niyola has released three singles and a video. Niyola’s debut single under the Banky W/ Segun Demuren led imprint was titled: Don’t delay me (Don’t go there), this was followed up with a video for the infectious dance number. Her next project was on the remix of UK based act; L Marshall’s Castle alongside Burnaboy. In May of 2013, Niyola next two singles; cr@zy and Toh Bad were released. The video for Toh Bad shot by Kemi Adetiba was released on November 11, 2013 to critical acclaim. Niyola and Oscar would team up again on her latest single titled; Belle No Be Show glass which features the prolific Sound Sultan.

Waje WAJE Aituaje Iruobe (born September 1), who is mostly known as WAJE, which is the acronym for “Words aren’t just enough,� is a Nigerian singer, whose vocal range covers three octaves. The lady behind the remake of P-Square’s Omoge mi and the female voice in

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the duo’s 2008 hit track, Do me, Banky W, Thief my Kele, M.I One Naira. Waje was born in Akure, Ondo State in Nigeria, then moved to Benin city, Edo State, where she was raised by her parents, Mr. & Mrs. Iruobe. As a young and gifted singer, she once sang gospel tunes to the delight of the late Archbishop Benson Idahosa of the Word of Faith Church, Benin, who was quite impressed by her gift and decided to cater for her, all through her secondary school days. After which she moved to Nsukka for a degree in social work at University of Nigeria. While in school, Waje was very much with her musical side by making sure she performed in school concerts and fellowship. She made sure she listened and learned from legends she describes as her mentors, e.g. Whitney Houston, Aretha Franklin, etc. In the year 2007, WAJE decided to take a step and fully launch her music career, still a student at the time, she paid her dues by doing a lot of free shows and gigs, singing at every given opportunity she got. The first major spotlight this got WAJE was her being featured in the hit single by PSquare, titled Do me, a massive hit track across Africa and some parts of Europe. This helped boost her career a little further, after which she participated in Advanced Warning, a reality TV show (which featured artists that are upward and on the verge of a breakthrough), the reality show was organised by MTV base South Africa and ZAIN Nigeria, where she emerged first runner up. She’s also an Ambassador for Globacom.

tions. In her words; “I’ve practically lived my life on stage�, Yemi was exposed to singing and dancing competitions as a child. She grew up in several Nigerian cities owing to her father’s job description. Yemi Alade was educated at Saint Saviours’ British Primary School, Lagos and then, Victory Grammar School, Lagos, before proceeding to the University of Lagos where she majored and graduated with a B.Sc in Geography in 2010. Yemi Alade began making music professionally in 2005 when she was the lead of a girl group called Noty Spices managed by Storm Management. Afterwards, she entered the maiden edition of the Peak Talent Show in 2009 and went on to win the competition based on her talent as a singer and performer under the supervision of Bayo Omisore. Her debut single Fimisile, featuring eLDee became a radio hit, accompanied with an engaging music video which introduced her officially as a musical force and gained her fans across the continent. In mid-2012, Yemi Alade signed a deal with Effyzzie Music Group and started working with hit producers, DJ Klem, D’tunes, E-Kelly, Sizzle Pro, Fliptyce and renowned South African producer Garth. Shortly afterwards she released her successful single Ghen Ghen Love, which was produced by the iconic OJB Jezreel. Ghen Ghen Love became a hit, topping numerous radio and video charts across Africa. She was also featured on singer Dipp’s album on the track Rock ur body and the song and video went viral and received praises earning the duo an award nomination for best R&B video category at the Nigerian Music Video Awards 2012. In the first quarter of 2013 Yemi Alade enlisted IcePrince and Sasha P for the remix of her single Ghen Ghen Love, and the massive collaboration was premiered with a high-profile online hangout, powered by Google influenced by Michelle Obama’s live Google hangout broadcast on websites and became a global trending topic. No endorsement yet for her.

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Yemi Alade Beautiful Yemi is unarguably 2014 Biggest Female Artiste so far! Her smash, Johnny is now a street anthem. ‘Johnny’ is now on everybody’s lips. Yemi Alade is an award-winning Nigerian Afro pop/R&B artiste, actress and entertainer. She grew up listening to popular music of the late 80s and early 90s and singers like Mariah Carey, Whitney Houston, Etta James and Aretha Franklin. The captivating vocal ability she possessed placed her in the church adult choir at the age of 12 and was known to have made melodies from everyday conversa-

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he remains of the wife of former Nigerian National Petroleum Company boss, Engr. Funsho Kupolokun, Olubukola Kupolokun, has been buried in Lagos. The late Mrs. Kupolokun was committed to mother earth llast week Friday at the vaults and Gardens, Ikoyi, Lagos. The ccalibre of Nigerians who converged at the wake-keep at the Lagos City Hall speaks volume of the eminence of Kupolokun L ffamily. She was laid to rest after a funeral service at the Bishop Adelakun Memorial Anglican Church, Surulere, Lagos. A Watching her husband, Funsho, and her children, Yetunde, Odunayo, Oluwole and Oluwakemi, all bemoan their fate. You could feel and touch their grief as they bade their mother and wife goodbye. The deceased, aged 63, was said to have had an unsuccessful battle with cancer, which later took her to a London hospital before she breathed her last on 29 of June. The 36-year marriage of Kupolokun has been shattered with the untimely death of the beautiful Olubukola.

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agos top business woman, Princess Toyin Kolade, few days ago, celebrated her birthday bash in Lagos. Trust the popular socialite; she put together a birthday party where she hosted a lavish party to mark her special day. The private party took place at the prestigious Bite Billionaire Lounge on Adeniyi Jones, Ikeja, Lagos, with the retinue of her business associates, friends and family members, including His Royal Highness, Oba Fatai Akamo, the Olu of Itori. Others in attendance at the party included, Seye Kehinde, the publisher of City People Magazine, actors Saheed Balogun, Iyabo Ojo, and many more.

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unmilade Abati, the handsome and brilliant son of the Presidential aide of President Goodluck Jonathan, Dr. Reuben Abati, has graduated from a United Kingdom university. Funimlade had his convocation last week in London in the presence of his siblings, mum. Elated dad, Abati, despite his tight schedule was also on ground to felicitate with his boy. Dad and mum were said to be proud of their son who was said to have graduated in flying colours from the university. The new lawyer in-the- making, it was learnt, arrived Nigeria on Tuesday into the waiting hands of his family members, who have been anxious to see him again after almost four years in the United Kingdom, studying. Further checks confirmed that Abati junior, returned to Nigeria in preparation for his Law School study and his mandatory orientation training at the National Youth Service Corps .

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ctor turned politician, Hon. Rotimi Makinde, during the week escaped death by the whiskers at Ifetedo North area of Ile-Ife, Osun State. The new development is coming few days after his campaign office in Ife was attacked. We were reliably informed that the uniform men are presently investigating the matter. The attack has been blamed on the opposition party in the state, ostensibly, to silence him ahead of the August 9 gubernatorial election in Osun State.

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52

SUNDAY NEWSWATCH, JULY 27, 2014

EXECUTIVE EDUCATION Best ways to present your business case Carolyn O’Hara

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ou’ve already put a great deal of work into preparing a solid business case for your project or idea. But when it comes to the critical presentation phase, how do you earn the support of decision makers in the room? How do you present your case so that it’s clear and straightforward while also persuasive?

What the experts say

Without a winning delivery, even the best-laid business plans are at a disadvantage. “The idea may be great, but if it’s not communicated well, it won’t get any traction,� says Nancy Duarte, the author of the HBR Guide to Persuasive Presentations and CEO of Duarte, Inc., a company specializing in presentations and corporate messaging workshops. A memorable presentation transforms “numbers on a page� into something more tangible, says Raymond Sheen, author of the HBR Guide to Building Your Business Case. “It becomes a business opportunity that we’re grasping, a problem we’re resolving, a step forward for the company.� Here’s how to create a persuasive pitch.

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v[^~Z|^d]^j]~xj]q^jv^\jbYƒ^jv^„ZYj\^Z{q^˜€[`]\^jv^ do the persuading for you, but great presenters know that the best way to hook an audience is through a story. This ‘story’ can be as simple as outlining the need, impact, and solution; the key is to present what’s at stake through a clear arc. But the more you can inject an emotional appeal or human connection into your narrative, the stronger and more memorable your YZ\]^ ‡bzz^ d]}^ _Zj^ Yv[zq^ ~]Z{^ bzz[\j`Zjb{€^ j_]^ ]D]Yj\^ of a proposed customer management system with testimonials from actual customers, or describing how the data-sharing project you want to expand helped keep employees connected during a major outage. “With a business case, odds are that you’re trying to b{\]`j^Y_Z{€]‚�^\Z|\^ [Z`j]}^Š _]^˜`\j^`]ZYjbv{^jv^j_Zj^ change is typically fear,� and the only real way to get your audience to overcome their reluctance is to “appeal to the heart and not the mind.�

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{^v`q]`^jv^€`Zd^j_]^ZF]{jbv{^v„^|v[`^Z[qb]{Y]^„`v~^ the outset, immediately identify the business need you are trying to address. Begin by asking yourself, “What is the message that I’m trying to get across?â€? says Sheen. Is there a market opportunity the company is overlooking? v]\^j_]^˜`~^{]]q^Z^{]‡^ ^\|\j]~Ă”^ z]Z`z|^Z`jbY[zZj]^

j_b\^{]]q^Z\^\vv{^Z\^|v[^d]€b{‚^d]YZ[\]^{v^~ZF]`^_v‡^ well researched or innovative your solution, you won’t get support if the need isn’t apparent or convincing. “Make sure you also show how that the need aligns with corporate goals and strategies,� Sheen says. “Just because you see an opportunity doesn’t mean that the business will want to pursue it.�

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Addressing the individuals concerns of stakeholders in the room will go a long way toward winning you Zzzb]\}^Š „^j_]^˜{Z{Y]^x]`\v{^„`]j\^Zdv[j^ƒ]]xb{€^]ˆx]{\]\^ under control, discuss expense numbers,� says Sheen. “If you have someone who is interested in growth in Asia, show how your project helps the company grow in the region.� Research past presentations and the outcomes to make sure you have your bases covered. If there are “issues that other projects have had, you should have an answer for those,� says Sheen. You might also consider giving decision makers a preview of your presentation ahead of time, and asking for their input. You can then salt their recommendations into your presentation, which will increase their investment in your success. “When you let people feel like they co-created your content, then they’ll not only support you but then

they’ll feel empowered as ambassadors,â€? says Duarte. “They’ll feel like they’re representing their own idea.â€? Find the right medium for your message Well-presented data can do wonders for persuading an audience. But overwhelming slides with needless detail or j`vFb{€^ v[j^ jb`]q^  b\[Zz\^ will also quickly lose you favor. Think carefully about the message you want to convey. Does a bar graph, table, or pie Y_Z`j^ ~v`]^ ]D]Yjb ]z|^ present your position? Are you able to circulate documents ahead of jb~]‚^ ‡_bY_^ ~b€_j^ ZD]Yj^ the data you want to emphasize in the actual presentation? Or will a unique, more entertaining route be more persuasive? “You have to know the best medium for the information,â€? says Duarte.

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But above all, make sure you avoid “relying so much on your slides that you forget to make that human connection,� says Duarte. It might also be worthwhile to use colorful metaphors, videos, or other multimedia to make your point stand out. But sometimes simpler YZ{^d]^d]F]`‚^\Z|\^ [Z`j]}^ {]^v„^_]`^Yzb]{j\^Yv{ b{Y]q^ his CEO to fund a multimillion project by relying on basic graphics he drew on a whiteboard. The real power of his presentation, she says, was in the strength of his narrative.

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v^~ZF]`^_v‡^~[Y_^jb~]^|v[‹`]^ZzzvF]q^jv^x`]\]{j‚^ you won’t know until you walk into the room whether you’ll actually have 5 minutes — or 50. It’s critical to have a short elevator pitch ready in the event your time is short. “Know which one or two slides you’re going to pull out, the ones that can tell the story,� says Sheen. By the same token, you may be asked to do a deeper dive into one facet of your case in the middle of

O’Hara

the presentation. That’s when having some appendix slides can be helpful, so that you can expand on certain elements of your case. You don’t need to have every data point memorized, Sheen says, but if someone asks, ‘What happens if we expand into Eastern Europe?’ |v[^{]]q^jv^ƒ{v‡^‡_Zj^j_]^€]{]`Zz^]D]Yj^~b€_j^d]}^ j‹\^ critical to “plan for short,� says Sheen, “and be prepared to go long.�

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Do: Ă&#x;^ ]zz^Z^\jv`|^ĂŽ^bj^‡bzz^~Zƒ]^|v[`^YZ\]^~v`]^x]`\[Z\b ]^ and memorable Ă&#x;^ x]zz^v[j^j_]^d[\b{]\\^{]]q^ĂŽ^bj^€b ]\^j_]^Z[qb]{Y]^ a reason to listen Ă&#x;^ Z ]^dvj_^Z^\_v`j^Z{q^zv{€^ ]`\bv{^`]Zq|^ĂŽ^|v[^ never know how much time you will have Don’t: Ă&#x;^  ]`zvvƒ^ \jZƒ]_vzq]`\‹^ x]j^ Yv{Y]`{\^ ĂŽ^ Zqq`]\\^ them directly to win allies in the room Ă&#x;^  ]`‡_]z~^|v[`^Z[qb]{Y]^‡bj_^{]]qz]\\^q]jZbz Ă&#x;^ ]Zq^qb`]Yjz|^„`v~^|v[`^\zbq]\^ĂŽ^{v^v{]^‡Z{j\^jv^ ZF]{q^Z^dv`b{€^`]Zq‰Zzv{€

Carolyn O’Hara is a writer based in New York City. Formerly the business editor at The Week magazine and economics reporter/producer for the PBS NewsHour, she has written for AARP Magazine, Foreign Policy, The New Republic, and others.

Don’t sell products, sell new ideas Mark Bonchek

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team creates a groundbreaking new innovation only to see it mired in internal debates. When it is eventually launched in j_]^~Z`ƒ]j‚^j_]`]^b\^Z{^b{bjbZz^ÂŽ[``|^v„^\Zz]\^jv^ early adopters, but then sales cycles become sluggish. Pilot customers are enthusiastic, but broader adoption is slow even with customer support and training. All the pieces are in place to create “disruptive innovationâ€? and “cross the chasm,â€? but the results are disappointing. What’s missing? The problem is that data, information and value propositions are not enough to sell innovative products. We all know the saying, “I’ll believe it when I see it.â€? But ‡_]{^bj^Yv~]\^jv^b{{v Zjbv{‚^j_]^j`[j_^b\^v(]{^Š ‹zz^\]]^bj^ when I believe it.â€? To sell your idea to executives, buyers, and users, you have to change not only what they think, but how they think. Without the right mental model, j_]|^‡v{‹j^\]]^j_]^x`vdz]~‚^[{q]`\jZ{q^j_]^d]{]˜j\‚^v`^ make the change. Mental models are how the brain makes sense of the vast amount of information to be processed every moment of every day. They are the lens through which ‡]^ \]]^ j_]^ ‡v`zq}^ _]^ ˜zj]`^ j_Zj^ \]xZ`Zj]\^ j_]^ \b€{Zz^ „`v~^ {vb\]}^ _]^ „`Z~]‡v`ƒ^ „v`^ ZF`bd[jb{€^ YZ[\]^ Z{q^ ]D]Yj}^ _]^Š\v`jb{€^_ZjÂ?^jv^q]Ybq]^‡_Zj^~Zƒ]\^bj^b{jv^ our conscious awareness. To understand the power of mental models, consider Dr. Ignaz Semmelweis, a physician working in Vienna in the 1840s. He observed that the death rate for puerperal fever fell tenfold when doctors washed their _Z{q\^d]„v`]^j`]Zjb{€^xZjb]{j\}^ ]^\_Z`]q^_b\^˜{qb{€\^ with his colleagues to introduce handwashing as a standard practice. Despite the data, his fellow doctors qb\~b\\]q^_b\^˜{qb{€\}^ {^„ZYj‚^_b\^Yvzz]Z€[]\^Z{q^] ]{^ his own wife thought he was losing his mind. They had _b~^Yv~~bF]q^jv^Z^~]{jZz^b{\jbj[jbv{^‡_]`]^_]^qb]q^ \_v`jz|^j_]`]Z(]`} Why couldn’t Semmelweis persuade people of his innovation? In the 1840s, the mental model of disease was an imbalance of four “humoursâ€? in the body such as phlegm, bile, and blood. Every disease was entirely internal and unique. With this mental model, Semmelweis’ colleagues couldn’t see how handwashing Yv[zq^ZD]Yj^Z^x]`\v{‹\^_]Zzj_}^ j^qbq{‹j^~ZF]`^‡_Zj^j_]^

data said. A few decades later, Louis Pasteur proved that germs, not humours, were the primary cause of disease. With this new mental model, doctors could understand how _Z{q‡Z\_b{€^ ‡v[zq^ ZD]Yj^ _]Zzj_}^ ]`\v{Zz^ _|€b]{]^ became a new standard of care. Unfortunately, this ‡Z\^jvv^zZj]^„v`^ `}^ ]~~]z‡]b\}^ ]^_Zq^„Zbz]q^jv^\_b(^ _b\^ Yvzz]Z€[]\‹^ j_b{ƒb{€‚^ Z{q^ j_[\^ „Zbz]q^ jv^ \_b(^ j_]b`^ behaviour. Innovators change the lens through which we see the world. Companies that successfully market and \]zz^b{{v Zjbv{^Z`]^Zdz]^jv^\_b(^_v‡^x]vxz]^j_b{ƒ^{vj^ only about their product, but about themselves, the market, and the world. Steve Jobs was one of the great ~b{q\_b(]`\^v„^v[`^jb~]}^ ]^Y_Z~xbv{]q^j_]^~Z{j`Z^ Šj_b{ƒ^ qbD]`]{jÂ?^ Z{q^ \_b(]q^ j_]^ ‡Z|^ x]vxz]^ j_b{ƒ^ about technology to be more personal and human. _b(\^ b{^ ~]{jZz^ ~vq]z\^ €v^ q]]x]`^ j_Z{^ j`Zqbjbv{Zz^ thought leadership. Most thought leadership tries to establish a company as an expert within the existing Bonchek ~]{jZz^~vq]z}^ _b(\^b{^j_b{ƒb{€^Y_Zzz]{€]^j_]^x`] Zbzb{€^ turns from disinterested to enthusiastic? model. Try to frame it as ‘a from’ and ‘a to’. This is not about Over the last ten years, Salesforce.com has grown „`v~^Z{^[x\jZ`j^jv^Z^~Z`ƒ]j^z]Zq]`^b{^]{j]`x`b\]^\v(‡Z`]}^ dZq^jv^€vvq‚^‘[\j^d]F]`^„v`^j_]^Y[``]{j^Yv{j]ˆj}^ \^Z{^ From the beginning, Salesforce.com has focused on ]ˆZ~xz]‚^ Yv{\bq]`^ Yv~xZ{b]\^ \]zzb{€^ \v(‡Z`]^ Z{q^ \_b(b{€^j_]^xZ`Zqb€~^v„^Yv~x[jb{€^Z\^~[Y_^Z\^\_b(b{€^ \]` bY]\^ `]zZj]q^ jv^ Šdb€^ qZjZ}Â?^ _]^ \_b(^ b\^ {vj^ Zdv[j^ “simple to intelligentâ€? or “smaller to bigger.â€? In the customers over to its product. For years, the company’s marketing strategy has Z`]Z^v„^qZjZ‚^j_]^ŠZ_ZÂ?^~b€_j^`]zZj]^jv^Z^\_b(^b{^j_b{ƒb{€^ „vY[\]q^v{^j_]^bq]Z^v„^Š v^ v(‡Z`]‚Â?^`]ÂŽ]Yjb{€^j_]^\_b(^ about decision-making (from intuition to analytics), in „`v~^xZYƒZ€]q‚^b{\jZzz]q^\v(‡Z`]^jv^Yzv[q^Yv~x[jb{€^ data models (from spreadsheets to algorithms), or how Z{q^ \v(‡Z`]‰Z\‰Z‰\]` bY]}^ Zz]\„v`Y]}Yv~^ `]Yv€{bÂ&#x;]q^ the data is used (from target to empower) j_Zj^v{z|^Z(]`^d[|]`\^[{q]`\jvvq^j_]^~]{jZz^~vq]z^v„^ J6 23Q6=F76?=2Z\2346U/23= ]ˆj‚^q]j]`~b{]^_v‡^~]{jZz^~vq]z\^Z`]^€]Fb{€^b{^ Yzv[q^Yv~x[jb{€^Yv[zq^j_]|^[{q]`\jZ{q^j_]^d]{]˜j\^v„^ the way of your success. The sticking points are usually Salesforce.com as a product. To put the power of mental models to work in your in one of three areas. You can tell which one by the associated symptom. business, start with three steps: Present: The model of how things work today. Do J6 Q73=2@86=F76?F2X _]^ ˜`\j^ \j]x^ b\^ bq]{jb„|b{€^ j_]^ [{q]`z|b{€^ \_b(^ b{^ people fail to see a problem that seems obvious to j_b{ƒb{€}^ _b\^b\^qbD]`]{j^j_Z{^|v[`^ Zz[]^x`vxv\bjbv{}^ |v[Ă”^ „^ \v‚^ j_]|^ Z`]^ vx]`Zjb{€^ ‡bj_^ Z^ qbD]`]{j^ ~vq]z^ It’s an assumption (usually unconscious) about how the v„^j_]^Y[``]{j^\jZj]}^ _b\^b\^v(]{^d]YZ[\]^j_]|^qv{‹j^\]]^ how things are related. As an example, the movie An world works. v^˜{q^j_]^\_b(‚^Z\ƒ^|v[`\]z„^Z^„]‡^Â?[]\jbv{\}^ _Zj^ {Yv{ ]{b]{j^ `[j_^ ‡Z\^ \[YY]\\„[z^ b{^ \_b(b{€^ ~Z{|^ was the original insight that led to the innovation? people’s mental model of the relationship between Where do you feel people “don’t get itâ€? about your greenhouse gases and global warming. If you are trying solution? What is the “ahaâ€? moment when someone to get people to see a problem or opportunity, focus on

disrupting their existing mental model. Future: The model of how things could be in the future. Do people recognize the problem, but fail to see how your solution could solve their problem? This was the situation faced by Dr. Semmelweis in his Vienna hospital. People agreed that mortality was a problem, but they couldn’t see how handwashing could make a qbD]`]{Y]}^ „^|v[^Z`]^j`|b{€^jv^€]j^x]vxz]^jv^[{q]`\jZ{q^ j_]^ d]{]˜j\^ v„^ |v[`^ \vz[jbv{‚^ „vY[\^ v{^ \_b(b{€^ j_]b`^ thinking in a way that reveals why your solution would d]^]D]Yjb ]}^ Transition: The model for how to bring a new future into being. Do people recognize the problem, and the value of your solution, but fail to make the change? Sometimes people recognize the need to jump from the trapeze bar they are on, and can see the merits of j_]^{]‡^dZ`^|v[^Z`]^vD]`b{€^j_]~‚^d[j^„]]z^j_]|^YZ{‹j^ make the jump. In this case, focus on a mental model `]zZj]q^jv^j_]^j`Z{\bjbv{}^ ]˜{]^Z^`vZq~Zx^j_Zj^]ˆxzZb{\^ to them how to get from where they are to where they want to go.

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_b(\^b{^j_b{ƒb{€^qv{‹j^_Zxx]{^v ]`{b€_j‚^Z{|^~v`]^ than going to a weekend yoga workshop makes you ÂŽ]ˆbdz]}^ _b{ƒ^v„^bj^zbƒ]^z]Z`{b{€^Z^\]Yv{q^zZ{€[Z€]^v`^ building a new habit – in this case a mental habit. People need to see how the new way of thinking plays out in qbD]`]{j^Yv{j]ˆj\^Z{q^\bj[Zjbv{\} “The really good innovations – the ones that change the world – need to be explained before they’re ZYY]xj]q‚Â?^ ]j_^ v~\jvYƒ‚^j_]^ _b]„^ Z`ƒ]jb{€^ AY]`^ of GE, recently wrote. One of GE’s mantras is therefore “mindshare before market share.â€? GE’s strategy focuses on being a “content factoryâ€? to disseminate powerful stories. Interestingly, GE is also the home of Crotonville, one of the world’s top corporate universities. Perhaps in the future we will see corporate universities expand beyond employees to serve customers and clients as well.

Mark Bonchek is Chief Catalyst of thinkORBIT, helping companies create engagement strategies based on pull instead of push, and the founder of SHIFT Academy.

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SUNDAY NEWSWATCH, JULY 27, 2014

JUST JUSTICE We’re not well equipped – Ogun PPRO The song amongst Nigeria’s security operatives seems to be the same. The Ogun State Police Public 6789;<=>? @A6BE? GH;I8? J6K<M;E?;=?9Q;>?;=96BR;6I?I;9Q? ? E? B6R687>? that the state police command ;>? =<9? I677? 6UG;VV6JW? 6? 87><? speaks on the impact of the state <XX;>>;<=6B? <Y? <7;A6E? ? Ikemefuna Okoye. Excerpts: What was crime rate like when 8/<607?<K7Q6/^Z7_ he Commissioner of Police, Ogun State, CP Ikemefuna Okoye, resumed duty in the command on March 15, 2012. Before he came on board, all banks in Ijebu and Sagamu area were not opened to customers because of frequent robberies. It was like hell in the state. The crime rate then was high, but it has since gone down drastically, and we have not recorded any bank robbery or violent crime in Ogun since his resumption. The issue of community crises is another aspect. Before the CP came on board, we used to have a lot of these and many other related civil unrest, but these have gone down, with the ability of the CP to preach peace at all times via alternative dispute resolution. FC=6 Q2`7073Z76 FC]76 8/<6 made in terms of curbing crime ?23Z76 8/<6 =//\6 /]706 @0/K6 8/<06 U07Q7Z7??/0_ As Muyiwa Adejobi, I decided to get down to the grassroots to make people embrace police, love and d]zb] ]^b{^j_]~^jv‡Z`q\^]D]Yjb ]^ policing. I arranged for some programmes on radio and TV to liberate the public, to be a watch dog on erring policemen who are YZxZdz]^ v„^ j`[{YZjb{€^ v[`^ ]Dv`j\^ in good policing. When I reported as PPRO in 2008, it was tough but |]Z`^ b{^ |]Z`^ v[j‚^ bj‹\^ d]]{^ d]F]`^ b{^ Zzz^ `Z~b˜YZjbv{\}^ ^ _Z ]^ j`b]q^ my best to make sure security in j_]^\jZj]^b\^d]F]`‚^Z{q^b{ Z`bZdz|‚^ reduce crime. Most of our actions and dos are commendable in Ogun. Most of my achievements are tailored to the endowments of the Commissioner of Police, CP Ikemefuna Okoye, who started with his zeal to curb crime in the state, and encouraged me to work ‡bj_^Z^qbD]`]{Y]} Is your command fully equipped to carry out their primary 07?U/3?2;2D2=8_ Well, in my own opinion as the PPRO, the police in the state are not well equipped, but then, on daily basis, we have improved in policing the state with the help of the state government particularly {v‡‚^ Z{q^ j_]^ ]Dv`j\^ v„^ j_]^ ^ can’t be over emphasised in ZY_b] b{€^]D]Yjb ]^xvzbYb{€^v„^j_]^ country.

/16 ?<UU/0=2]76 C076 =F76

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Okoye

residents in terms of information Q2??7K23C=2/3_ Hmmm, members of the public share information with the police now with rest of mind, particularly the PPRO. With v[`^ ]Dv`j\^ jv^ `]\jv`]^ Yv{˜q]{Y]^ and trust in the minds of the members of the public, Ogun people have seen policing vis a vis sharing of information as a civic responsibility which they do ‡bj_^ ‘v|‚^ Z{q^ j_b\^ _Z\^ xZbq^ vD^ b{^ the state. FC=6 FC]76 ;7736 =F76 ZFCDD7347?6 /@6=F76Z/KKC3Q6?/6@C0_ Our challenges so far are not zb~bj]q^ jv^ ~|^ vAY]^ v`^ jv^ j_]^ state command. They are general challenges in the country, and j_]^ ^ ‡bj_^ j_]^ „v`Y]^ ^ Z`]^ ‡v`ƒb{€^ v{^ j_]~^ v{]^ Z(]`^ j_]^ other; I am optimistic that the police will get to the promise land soon. How would you describe your relationship with other security C473Z27?_ Our relationship with other security agencies is excellent. Even the CP’s zeal to embrace them all is fantastic. We are the father to all other security agencies particularly in terms of internal security; we need them to achieve adequate protection of lives and property. So we relate on daily basis, we even have a forum called Heads of Security Agencies in Ogun, headed by the Commissioner of Police; likewise, the PROs of all agencies have their forum, so we relate regularly. ?6 =F76 4/]703K73=6 C??2?=2346 236 C381C8_ _]^ ]q]`Zz^ v ]`{~]{j^ Z{q^ state government are assisting tremendously in many regards. _]^ ]q]`Zz^ v ]`{~]{j^ _Z\^ organised many trainings and workshops for PPROs all over j_]^ Yv[{j`|‚^ Z{q^ ] ]{^ j_]^ ^ has organised many retreats for PPROs, making us more

Adejobi

x`v„]\\bv{Zz^ Z{q^ ]AYb]{j‚^ Z{q^ |v[^YZ{^\]]^j_]^qbD]`]{Y]^b{^j_]^ present PPROs and the past or previous ones in the country. What can you say is the reason for the rampant ritual killings C3Q6F/16FC]768/<6;7736C;D76=/6 70CQ2ZC=762=_ Well, ritual killing is one of the crimes we have in the society. We experience it in Ogun but we always arrest some of the perpetrators. We go round the communities in the state to sensitise them on the need to be security conscious and keep watch on their children or wards. We are going to try more to reduce ritual killing to its barest

The police in the state are not well equipped, but then, on daily basis, we have improved in policing the state with the help of the state government particularly now, and the efforts of the IGP can’t be over emphasised in achieving effective policing of the country

minimum in Ogun. The reason for ritual killing is not farfetched, people want power by all means, and many want quick money. So they are always deceived to look for human parts or blood. This is criminal. We have all encouraged religious leaders to preach against this in worship centres. Can Ogun residents now sleep 12=F6=F7206=1/6787?6ZD/?7Q_ I don’t encourage people to sleep with their two eyes closed; it’s not too good because I expect everyone to be at alert ‘[\j^ zbƒ]^ j_]^ v|\^ Yv[j^ ~vFv ^ Be Prepared. But the respite is that Ogun State is safe. So, when residents sleep, they should feel police presence even in their sleep, and feel psychological policing. But sincerely, security b\^ d]F]`^ b{^ €[{^ Z{q^ x]vxz]^ can testify to this. As the PPRO in Ogun, I have good feedback from members of the public and I am always impressed; aside some corrupt and recalcitrant xvzbY]~]{^ Z{q^ vAY]`\^ ‡_v^ deviate from the ethics and norms of the profession and ideological x]`\x]Yjb ]\^ v„^ j_]^ ^ jv‡Z`q\^ reforming the police. But we are ready to tackle them as well. How would you describe 8/<0?7D@_ Muyiwa Adejobi is the Police [dzbY^ ]zZjbv{\^ AY]`^b{^ €[{^ State; I am from Orile Owu, |]qZZq]^ vYZz^ v ]`{~]{j^ v„^ Osun State. I graduated from the University of Ibadan with B.sc `Y_Z]vzv€|^ Z{q^ ]v€`Zx_|^ (Comb. Hons.) and Masters in ]ZY]^ Z{q^ v{ÂŽbYj^ j[qb]\^ „`v~^ the same Premier University. I am a prince from Orile Owu who can become the Oba at Z{|^ jb~]^ Z\^ vq^ ‡b\_]\^ Z{q^ married to Kemi, an Assistant Superintendent of Police, with children.

54

SUNDAY NEWSWATCH, JULY 27, 2014

Vibes NEWSWATCH

Tope Olukole tope.olukole@mydailynewswatchng.com 08082477041

SUNDAY NEWSWATCH, JULY 27,, 2014

How top actress almost ruined my dream –Bimbo Bello Over a decade ago, she started her sojourn in Nollywood as an actress, but along the line, she UG;/6J\? =<IE? >Q6? Q8>? taken to make-over as a career. Today, Abimbola Bello has become a force to reckon with amongst her peers. She spoke about herself and career in this chat with AJIBADE ALABI. Excerpts: Going into movie making, what were your parents’ dispositions? have just my mum, my dad is late, and mum never objected to my decision because she respects my judgment a lot, especially when it comes to taking decisions about my life. She would give her consent and watch closely how you progress. When she saw me doing well on the job, she became impressed. How do you cope with the rigors involved in the industry? I got my training under the leadership of Bukky Osadare, a member of Odunfa caucus. At the initial stage, I went for acting, but when I discovered the great numbers of people lined up for acting, I took a decision that has taken me here today. My purpose of going into movie making was basically for money; nothing but to make ends meet in a legitimate way. I quickly realised that j_]`]^Z`]^zvj\^v„^\]€~]{j^v{]^Yv[zq^˜j^b{jv^ in the industry. They are as follow: D.O.P, costumier, make-over, lighting etc. b{Y]^Zzz^ ^Z~^Z(]`^b\^YZ` b{€^Z^{bY_]^„v`^ myself and smiling to the bank, I had to make acting secondary while I learnt another Z\x]Yj^ v„^ ˜z~^ ~Zƒb{€‚^ Z{q^ j_Zj^ b\^ ~Zƒb{€^ x]vxz]‹\^„ZY]\^zvvƒ^€vvq‚^Z{q^Y`]Zjb{€^]D]Yj\^ when and where necessary. y Movie industry y is another big g environment where a child is given an exemplary g p training besidess whatever he or she might have got from home. There were lots of experiences, es, but I thank God am still doing great on the job. j But what people le say outside is that movie environment ment corrupts people K/076=FC36?FCU76=F7206D2@76@/06;7E706 U76=F7206D2@76@/06;7E706 especially ladies. s. What is your take on this? Anyway, that’s t’s for those that came with a notion of sleeping around. I could uld remember very well, when I joined many years y back, there was great discipline; e; respect and d honour thrived greatly in the industry. Of course, we can’t rule out people with myopic thought of coming into the industry purposely to sleep with notable stars. People with such {vjbv{^ qv{‹j^ €v^ „Z`^ d]„v`]^ j_]|^ ˜Â&#x;Â&#x;z]^ v[j^ of the industry. If she doesn’t abandon the x`v„]\\bv{‚^ q]˜{bj]z|‚^ \_]^ ‡v[zq^ d]Yv~]^ relegated. Really? Oh yes because she never joined with good

I

g promiscuous p intention and being would not y for long; law of diminishing make her stay return will definitely come. Y o u claimed you have been practicing y professionally for 10 years, what is thee d secret behind your success? d Actually, God ss is my success se, and of course, ed He’s blessed eat me with great he expertise on the kejob. My make\{‹j^ v ]`^ \j[D^ b\{‹j^ uba for the Yoruba nre movie genre ople p alone, people glish g from English Bimbo movie and TV mas soap dramas seek me for their job. Meanwhile, ile, I qv^ vj_]`^ \j[D^ jvv^ like bridal make-up and other functional activities. I think the top secret behind every successful x]`\v{^b\^x[Fb{€^j_]^d]\j^b{^|v[`^‘vd} When you juxtapose acting to make-over, which is more lucrative? Well, I think this has to do with one’s interest. One glaring thing here is, by the time I started making money on this job, had it been I restricted myself to acting alone, I might be playing roles in movie for free. But since 10 years ago, I have been seen as a boss on the job, someone that needs to be paid in location. If it were acting, the scene I would want already has hundred persons that could do it d]F]`^Z{q^] ]{^„v`^„`]]‚^\v^~Zƒb{€^q]~Z{q\^ for money might not arise. As a crew member, you have to be paid no ~ZF]`^‡_Zj} So you trained at Odunfa caucus, right? Not really, I started with Kunle Aford and his advice is what a has taken me this far. Way back, he used use to ask this question: ‘Must que q every eve one of you act in movies?’ He did tell us that entertainment industry indus is wide, that we could cou do so many things and become g great instead of being g ins adamant on one aspect. His word wo was a great encouragement to enco many man of us then, and an today, our group members g are found a b{^ qbD]`]{j^ sphere of the Bimbo movie world. W h o are your contemporaries then? Regina Chukwu is one of them, Yemi Terry, Shola Rose, Samson Kogberegbe, Okiki Afolayan, there’s one Ibrahim that is very good in continuity, we were together. There was one lady too, Adewummi, a make-over artist. We are all doing great today.

What is your take on the issue

of sexual harassment in the industry? Like I said earlier, it all depends on who you are and what you want for yourself. I never experienced such because I didn’t join with the aim of sleeping with any star. I have never dated anybody in the movie industry. I see everybody as colleague and I believe so much in friendship than dating. Friendship lasts longer than dating, because once you are into it, many things can arise. When you might want to opt out your partner might still want it to continue, this will bring enmity. I believe so much in platonic friendship between me and my colleagues. Do you have any bad experience so far on the job? Actually, I have seen a lot, but there’s this particular one I shed tears anytime I remember it. My dream of being in this industry almost got killed by an elderly actress. My boss used to keep things for people when we were in location; this made people see me as someone they could trust with their things. We were at a location in Lagos, and there was this elderly actress, she was the rave of the moment then. Though I wouldn’t want to mention her name, er she gave me h e r things to keep, I did and I returned i t when we were through. But quite unfortunately, the woman’s slippers got ot missing and she claimed I stole it. I searched everywhere here and and dI had to trek from Isolo too Governor’s Gov overno ove rnor’s r’s Road in Ikotun, Lagos, otun, La os, Lag around 6.am where w e here shot earlier, to ransack nsack the house for the slippers; but they y were nowhere to be found. I went home to telll my y mum what happened and nd she said Bimbo I should go back and tell them to search well. Meanwhile, eanwhile, the \Zbq^ \zbxx]`\‹^ \bÂ&#x;]^ ]^ ‡Z\^ Z`v[{q^ £™^ ‡_bz]^ ^ [\]q^ \bÂ&#x;]^ ¤´Â‚^ d[j^ j_]^ owner wouldn’t let me be. I returned to the location and told them ^Yv[zq{‹j^˜{q^bj}^ |^dv\\^Z{q^\v~]^v„^~|^ colleagues stood by me that I was wrongly accused. A day later, the slippers were found

unde the bed where another under y a costumier, hid it with lady, j_]^b{ j_]^b{j]{jbv{^v„^jZƒb{€^bj^Z(]`^ j_]^Z j_]^ZYj`]\\^~b€_j^_Z ]^z](} w profusely, I became I wept deje j dejected. That allegation cou could have sent me awa from the industry away sup p supposing my mother did not ask me to go back. Th Thank God today, I am stil on the job and the said still act actress still sees me every tim time. R Really? Yes, but I don’t think sh still remembers that she in incident. S Supposing you didn’t g back that day, where go a what would have and b become of you today? Maybe, I might have become a business woman. Buying and selling would have become my resort. Let’s talk about acting, do you act at all? Oh, yes I do! Remember Reme I said I started with acting, but when I discovered the mad rush in acting, I had to seek solace elsewhere. Despite the „ZYj^j_Zj^ ^Z~^~v`]^b{jv^~Zƒ]‰v ]`^\j[D‚^|]j^ ^ZYj^ sometimes and I have featured in a good number of movies. There are lots that are yet to be released. People will see more of me in movie soon. Do you intend coming out with a movie? Oh yes! That is part of my plan for this year and ‘am working seriously to achieve that. Does one needs training to become a professional on this job? Oh yeah! You need to get trained; meanwhile, your passion too is needed. You must have passion for the job and make research and other relevant j`Zb{b{€^v(]{‚^\v^j_Zj^|v[^Yv[zq^d]^€`]Zj^v{^j_]^‘vd} What is your advice to people out there? Well, I want to state here that we all cannot become actors or actresses; some people have to work behind the scene. Whatever you take on as a means of livelihood, work hard and pray, surely you will be there. Are you married? No! But I am a single parent. Are you searching? I am not because I have someone in my life. Can you give up this profession if your husband asks you to? W h y {vjĂ ^ |^_v~]^~ZF]`\ {vjĂ ^ |^_v~]^~ZF]`\^ If myy would-be to me. m

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husband wants to quit, I will, because all I crave for is a beautiful home and a wonderful family. I say this everywhere a n d

people see me as being senseless. I detest those that leave their husband and children at home for weeks, months all in the name of acting! If my husband ‡Z{j\^~]^jv^Yv{jb{[]^‡bj_^j_]^‘vd‚^˜{]Ă ^ [j^ ^‡bzz^ ~Zƒ]^\[`]^~|^_v~]^„`v{j^b\^{vj^ZD]Yj]q^b{^Z{|^‡Z|}

55

SUNDAY NEWSWATCH, JULY 27, 2014 Bayo Ogunyemi bayo.ogunyemi@mydailynewswatchng.com 08094311491

Music&Classics

Theorising practice and practising theory: A phenomenology of music in Nigeria A+=0? 1+@1 %8 12+ 0* B05&?&35' J+$1&3+ %8 12+ K0=>+36=14 %8 J5?%6 =0 12+ N$5*+<=$ Q+66=%0 *+'=>+3+* 74 R3%8+66%3 N012%04 S U9+<+W=+ X+3+0=

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_]{^ jZz b{ ^ Zdv[j^ j_]v`| ^ ]^ Z`]^ ZYj[Zzz|^ `] ]``b{ ^ jv^ j_]^ `] ]Yjbv{^ v ^ j_]^ j_b{ b{ ^ ~b{q^ v{^x`ZYjbY]^á^ _Zj^_[~Z{^`]Z\v{^ Yv[zq^Zd\j`ZYj^ `v~^ _Zj^_]^_Z\^qv{]^ bj_^_b\^ _Z{q\^ v`^ _v ^ _[~Z{^ `]Z\v{^ YZ{^ ] xzZb{^ Z{^ vd\]` ]q^x_]{v~]{v{}^ {^j_b\^\]{\] ^j_]v`|^b\^Z^ qbZY_`v{bY^ZDZb` ^Z^`] ]Yjbv{^v{^Z^xb]Y]^v ^ v` ^ v`^] Z~xz] ^v`^x_|\bYZz^qZj[~^`] ]\jZdzb\_b{ ^ j_]^\j]x\^j_Zj^x`vq[Y]q^j_]^ v` ^v`^j_]^\j]x\^ j_Zj^ Z ]¾ b ]^`b\]^jv^j_]^qZj[~^Z\^Z^ [bqb{ ^ x`b{Ybxz]^ v`^ `]x`vq[Yb{ ^ bj ^ v`^ Z\^ [bq]^ jv^ ] xzZb{b{ ^j_]^qZj[~} {^]Z`zb]`^jb~]\ ^j_]^j v^Yv{Y]xj\^ j_]v`|^Z{q^ x`ZYjbY] ^ ]`]^Z{^b{\]xZ`Zdz]^vYY[xZjbv{}^ _]^ ~]Z{b{ ^v ^j_]^ v`q^ j_]v`| ^ bj^b\^ZYj[Zzz|^Z^ `]] ^ v`q ^ b\^ x_bzv\vx_|^ _bY_^ Z\^ á^ Z{q^ YZ{^\jbzz^d]^`] Z`q]q^Z\^á^Z^x`ZYjbYZz^x`v ]\\bv{}^ ^ j_]v`b\j^ Z\^ j_]^ x_bzv\vx_]` ^ j_Zj^ b\ ^ v{]^ _v\]^ x`ZYjbYZz^ vd¾vYY[xZjbv{^ Yv{\b\j]q^ v ^ j_]v`b b{ ¾x_bzv\vx_b b{ ¾Yv{j]~xzZjb{ } _[\^ ^ _Z ]^ ZYj[Zzz|^ Zzz[q]q^ jv^ \[Y_^ Z^ x`ZYjbY]^ b{^ j_]^ jbjz]^ v ^ j_b\^ z]Yj[`] ^ j_]^ j v^ xZ`jbYbxz]\ ^ j_]v`b b{ ^ Z{q^ x`ZYjbYb{ ^ Yv[zq^ d]^ jZ ]{¾[{q]`\jvvq^ Z\^ ]xbj_]j\^ v`^ Z\^ ]`d\}^ _]b`^b~xzbYZjbv{^ v`^j_]^]\\Z|^ bzz^{vj^ Y_Z{ ]}^ _b\^ ~]Z{\ ^ _]j_]`^ j_]^ j_]v`|^ b\^ x`ZYjbYZz^ x`ZYjbYb{ ^v`^j_]^x`ZYjbY]^j_]v`]jbYZz^ j_]v`b b{ ^ j_]^ ]\\]{Y]^ v ^ j_]v`|^ Z\^ dvj_^ x`ZYjbY]^Z{q^`] ]Yjbv{^`]~Zb{\^[{Y_Z{ ]q} The aims of this essay _]^ j_]~]^ v ^ v{]^ Yv{ ]`]{Y]^ v` Z{b ]q^ d|^ j_]^ \\vYbZjbv{^v ^ b ]`bZ{^ [\bYvzv b\j\^ Z\^ _]v`b]\^ Z{q^ `ZYjbY]\^ v ^ [\bY^ b{^ Z^ [zjb ]j_{bY^ Zjbv{} ^ _b\^ j_]~]^ b\^ `]Zzz|^ j_v[ _j x`v v b{ }^ _]^ j_]v`|^ v ^ ~[\bY^ á^ v`^ `Zj_]` ^

Positivist science $%&'* *+/0+ 12+%34 56 5 7%*4 %8 90%:0 85$16 1251 6150* 12+ ;3%%8 %8 +<;=3=$5' >+3=/$51=%0 50* :2=$2 6+3>+6 8%3 1+61=0? 50* +@;'5=0=0? %12+3 ;2+0%<+05 :=12=0 =16 53+5 %8 3+'+>50$+

j_]^j_]v`|^v ^Z{|^Z`j^Z\^\[Y_^á^b\^[{j_b{ Zdz]^ bj_v[j^j_]^x`ZYjbY]^v ^j_Zj^Z`j^bj\]z }^ [j^_]`] ^ ]^ Z`]^ jZz b{ ^ v ^ j_]v`b]\^ b{^ `] ]`]{Y]^ jv^ Z^ \b{ z]^ \[d ]Yj^ ~ZF]` ^ Z^ xz[`Zzbj|^ Z\^ Z Zb{\j^ Z^ \b{ [zZ`bj|^á^~[\bY ^j_Zj^[{b ]`\Zz^zZ{ [Z ]} This plurality of views and practices in music is a very marked characteristic of our country. _Zj^Yv[zq^d]^j_]^YZ[\]^v ^j_b\^xz[`Zzbj|Ô^ \^bj^ j_b\^zZ{ [Z ]^ ~[\bY ^ _bY_^b\^ {v {^b{^] ]`|^ Y[zj[`]^ v ^ j_]^ v`zq^ v`^ b\^ bj^ bj\^ ~Z{b ]\jZjbv{^

v`~\^ b{^ j_]^ qbD]`]{j^ Y[zj[`]\Ô^ _Zj^ b\^ j_]^ ]\\]{Y]^ v ^ ~[\bYÔ^ \^ j_b\^ ]\\]{Y]^ qbD]`]{j^ v`^ `]zZjb ]^ b\ â b\^j_]^qbD]`]{j^Y[zj[`]\Ô^ _Zj^b\^ ~[\bY ^d|^j_]^ Z|Ô^ _Zj^Z`]^j_]^]D]Yj\^v ^~[\bY^ v{^~Z{Ô^ _Zj^b\^j_]^ v`j_^v ^~[\bYÔ^ Z{^j_]^ Z{\ ]`\^ jv^ j_]\]^ []\jbv{\^ x`v bq]^ Z^ Yz[]^ jv^ [{`Z ]z^ j_]^ ZxxZ`]{j^ ~[zjbxzbYbj|^ v ^ j_]v`b]\^ v ^ ~[\bYÔ^ `^ \_v[zq^ ]^ ZYY[\]^ ~vq]`{bj|^ bj_^ bj\^ qb\b{j] `Zjb{ ^ qb\v` Z{b b{ ^ Z{q¾ v`^ qb\v`b]{jZjb{ ^ x`vx]{\bj|Ô^ _]^ \vz[jbv{^ v ^ j_]\]^ []\jbv{\^b\ ^jv^Z^zZ` ]^] j]{j ^j_]^Zb~^v ^ j_b\^]\\Z|¾\_Z`b{ } My sources of inspiration _b\^ b\^ {vj^ ~|^ `\j^ ]\\Z|^ v{^ j_b\^ b\\[]}^ ^ _Z ]^q]qbYZj]q^j v^vj_]`^]\\Z|\^jv^Z\x]Yj\^v ^ j_b\^\Z~]^b\\[] ^j_]^ `\j^YZ``b]q^j_]^\Z~]^jbjz]^ Z\^j_b\^x`]\]{j^v{] ^j_Zj^b\^ _]v`b b{ ^ `ZYjbY]^ Z{q^ `ZYjbYb{ ^ _]v`| ^ Z^ x_]{v~]{vzv |^ v ^ ~[\bY^ ]q[YZjbv{^ b{^ b ]`bZ ^ Z{q^ j_]^ \]Yv{q^ v{] ^ jbjz]q^ b ]`bZ{¾ `bYZ{^ [\bYvzv |^ b{^ j_]^ zvdZz^ Yv{j] j }^ _]^ j v^ xZx]`\^ ]`]^ x`]\]{j]q^ Zj^ j_]^ db Z{{[Zz^ Yv{ ]`]{Y]^v ^j_]^ \\vYbZjbv{^v ^ b ]`bZ{^ [\bYvzv b\j\^b{^ Z^ ^ Z{q^ d`Z Z^ ¢ ^ `]\x]Yjb ]z|}^ vj_^ ]\\Z|\^ _Z ]^ d]]{^ ]xj^ b{^ [{x[dzb\_]q^ forms as I would not let them d]^ x[dzb\_]q^ b{^ Zd`bq ]q^ ]`\bv{\}^ I am also not the only x]`\v{^ _v^ _Z\^ ~v ]q^ jv^ []\jbv{^ Z\x]Yj\^ of the growing loss of fortune in the b ]`bZ{^ ZYZq]~bY^ ~[\bY^ q]zb ]`|^ Z{q^ ~[\bYZz^ x`ZYjbY]\}^ ^ will mention only two among the most x`v~b{]{j ^ `v ]\\v`^ `\^ v\[^ ~bdb|b^ dbqb ]^ bj_^ _]`^ ]`|^ ]zz `]\]Z`Y_]q^ ]\\Z|^ jbjz]q^ _bj_]`^ [\bY^ q[YZjbv{^b{^ b ]`bZ ^ º½¢ ^Z^xZx]`^x`]\]{j]q^ Zj^ j_]^ [\bY^ q[YZjv`\ ^ Yv{ ]`]{Y]\^ Z{q^ `v ]\\v`^ Z ^ []~]^b{^_b\^b{Z[ [`Zz^z]Yj[`]^ jbjz]q^ v^ d]^ v`^ {vj^ jv^ d]^ Y[zj[`Zzz|^ `]z] Z{j ^ j_]^ b~xv`jZ{Y]^ v ^ d]b{ ^ Y`]Zjb ]z|^ ]Z`{]\j ^ q]zb ]`]q^b{^ º½¤^b{^j_b\^ ]`|^Z[qbjv`b[~} ^Z~^b{\xb`]q^d|^j_]^xv\j[zZj]\^v ^ `v }^ b~^ {Z_^ b{^ _b\^ b{Z[ [`Zz^ z]Yj[`]^ jbjz]q^ ]{^ vj_b{ ^b\^ v~]j_b{ ^_]^b\^{vj^Z^~[\bYbZ{^Z\^ \[Y_ ^d[j ^Z^~[\] ^d]b{ ^Z^x_bzv\vx_]`}^ {vj_]`^ b{\xb`Zjbv{^ v`^~]^YZ~]^ `v~^Z^{v{ b ]`bZ{^ á^ Z^ _b _z|^ ]`[qbj]^ ~]`bYZ{^ ~[\bY^ \Y_vzZ`^ á^ bzjv{^ Z`dbF^v ^ Z` Z`q^ {b ]`\bj|}^ b\^xZx]`^ jbjz]q^ v{j]~xv`Z`|^ [\bY^ v~xv\bjbv{^Z{q^ [\bY^ _]v`|^ Z\^ v{j]~xv`Z`|^ {j]zz]Yj[Zz^

b\jv`|^ jv ]j_]`^ bj_^ _b\^ Yv~~]{j\^ Zj^ j_]^ ]{\[b{ ^ `v[{qjZdz]^ qb\Y[\\bv{^ Z(]`^ j_]^ ~[\bYvzv bYZz^ Yv{ ]`]{Y]^ b{^ Z` Z`q^ {b ]`\bj| ^ Z\^ ~]`bj]qz|^ `]x`vq[Y]q^ b{^ j_]^ dvv ^ ]`\x]Yjb ]\^ v{^ [\bYvzv |} ^ v`jv{^ bd`Z`| ^ º¢ } Phenomenology as an enquiry tool _]^ \_v`jYv~b{ ^ v ^ x_]{v~]{vzv |^ Z\^ Z^ x_bzv\vx_bYZz^qb\Ybxzb{]^b\^j_Zj^v ^zZ|b{ ^vx]{^ dZ`]^ ZYj\ ^ x_]{v~]{vzv b\j\^ qv^ {vj^ x`]\\^ jv^ x`v ]`^ \vz[jbv{ ^ j_]|^ [\j^ Z{Zz|\] ^ Z{q^ j_]b`^ v` ^b\^qv{]à^ _]^b{j]`]\j]q^Yv[zq^x`]\\^v{^Z{q^ {q^\vz[jbv{\} {^j_b\^\_Z`b{ ^_v ] ]` ^ ^\_Zzz^{vj^z]Z ]^Zzz^j_]^ bq]{jb ]q^x`vdz]~\^[{ZF]~xj]q^á^ZdZ{qv{b{ ^ Zzz^jv^ []\\^v ^j_]^b{j]`]\j]q ^j_]^x`vdz]~\^ bzz^ d]^bq]{jb ]q ^Z{Zz|\]q^Z{q^v(]{ ^\v~]^\vz[jbv{^ x`vD]`]q^ _]`]^bj^b\^{vj^x[`xv\]z|^z](^ v`^|v[^ jv^b{ ]`^ `v~^j_]^qb\Yv[`\]} Theory {^Yv{j]~xv`Z`|^jb~]\ ^j_]`]^b\^Z^zbFz]^\_b(^ b{^ j_]^ Yv{Y]xj^ v ^ j_]v`|}^ _Zj^ x`b{Ybxz]^ v ^ \b~[zjZ{]bj|^ v ^ x`ZYjbY]^ Z\^ j_]v`|^ Z{q^ j_]v`|^ Z\^x`ZYjbY]^dvj_^ ]\j]q^b{^j_]^b{qb bq[Zz^ {v {^ as theorist or philosopher – as I hinted on

Professor Mereni

earlier – has undergone a split. For, as time went v{ ^x_bzv\vx_|^j[`{]q^q] {bjb ]z|^jv^Yv{{vj]^Z^ \_]]`^Y]`]d`Zz^] ]`Yb\]^b{^Z{Zz|jbYZz^j_b{ b{ ^á^ Zd\j`ZYjbv{ ^jv^_]`~]{][jbY\}^ _]v`|^j_]{^YZ~]^ jv^\b {b |^j_]^ `[bj^v ^Z{Zz|jbYZz^j_b{ b{ ^v ]`^Z^ \[d ]Yj ~ZF]`}^ _bz]^j_]^x`ZYjbY]^v ^j_Zj^\[d ]Yj^ ~ZF]`^d]YZ~]^j_]^vYY[xZjbv{^á^j_]^ vd^á^v(]{^ x]` v`~]q^d|^Z{vj_]`^x]`\v{ ^]} }^Z^j]Y_{bYbZ{^ Yv~xZ`]^ j_]^ `b\jvj]zbZ{^ qb\jb{Yjbv{^ d]j ]]{^ j] {] ^d]{Z[\] ^]xb\j]~]^b{^_b\^ vzbjbY\ } vj^Zzz^q] {bjbv{\^v ^j_]^ v`q^j_]v`|^b{^bj\^ Yv{j]~xv`Z`|^ [\]^ \_v[zq^ Yv{Y]`{^ [\^ _]`] ^ b{^ ZYj^ \v~]^ _Z ]^ x`vdz]~^ v ^ zb~bjZjbv{}^ v`^ b{\jZ{Y] ^xv\bjb b\j^\Yb]{Y]^Yv[zq^q] {]^j_]v`|^ Z\^Z^dvq|^v ^ {v {^ ZYj\^j_Zj^\jZ{q^j_]^x`vv ^ v ^]~xb`bYZz^ ]`b YZjbv{^Z{q^ _bY_^\]` ]\^ v`^ j]\jb{ ^Z{q^] xzZb{b{ ^vj_]`^x_]{v~]{Z^ bj_b{^ bj\^ Z`]Z^ v ^ `]z] Z{Y]}^ _]^ zb~bjZjbv{^ v ^ \[Y_^ Z^ q] {bjbv{^b\^Yz]Z` ^bj^YZ{{vj^\jZ{q^Z\^q] {bjbv{^ v`^ j_]v`|^ b{^ ~Z{|^ _[~Z{b\jbY^ qb\Ybxzb{]\}^ và^ {q^{vj^Zj^Zzz ^ v`^~[\bY^j_]v`| ^j_]v`|^v ^ _b\jv`|^]jY} ]^\_Zzz^_v ] ]`^z]Z ]^vD^j_]^Yv{\bq]`Zjbv{^ v ^ \[Y_^ j_b{ \^ _]`]^ Z{q^ j[`{^ \j`Zb _jZ Z|^ jv^ ~[\bY^j_]v`|^Zdv[j^ _bY_^j_b\^\_Z`b{ ^b\} Music theory {^ b] ^v ^j_]^xz]j_v`Z^v ^ b] \ ^vxb{bv{\^Z{q^ \jZj]~]{j\^ _bY_^Z`]^Yb`Y[zZjb{ ^]\x]YbZzz|^b{^ v[`^ Yv[{j`| ^ `b _jz|^ v`^ `v{ z|^ [{q]`^ j_]^ {Z~]^ v ^ j_]v`|^ á^ Z{q ^ b{^ j_b\^ \x]Yb Y^ YZ\] ^ ~[\bY^j_]v`|^á^bj^ bzz^d]^{]Y]\\Z`|^jv^d]^x`]Yb\] ^ `b _j^ `v~^j_]^v{\]j ^v{^ _Zj^~[\bY^j_]v`|^b\ ^ ZYYv`qb{ ^jv^j_]^q] {bjbv{^ b ]{^Z{q^ZYY]xj]q^ d|^Yv{{vb\\][`\^Z{q^ ZY_zZ[j] ^á^~]{^v ^j_]^ qb\Ybxzb{]} _]^ Z~v[\^ j_^ Y]{j[`|^ ]`~Z{^ ~[\bYvzv b\j ^ Z`z^ Zz_Z[\ ^ q] {]q^ ~[\bY^ theory as the agglomeration of all the thoughts v{^Z{q^b{^~[\bY} bj_^ \[Y_^ Z^ q] {bjbv{ ^ ] bq]{jz| ^ Zzz^ \[Y_^ j_b{ \^Z\^~[\bY^_b\jv`| ^~[\bY^Z]\j_]jbY\ ^~[\bY^ x\|Y_vzv | ^ ~[\bY^ \vYbvzv | ^ v` Z{vzv |^ ]jY^ Yv~]^[{q]`^j_]^[~d`]zzZ^v ^~[\bY^j_]v`|}^ [j^

that is not all yet. _Zj^ ~[\bYvzv b\j^ Zz_Z[\ ^ qb\jb{ [b\_]q^ d]j ]]{^ j_]^ j v^ dvqb]\^ v ^ ~[\bY^ j_]v`| ^ j_v\]^ _bY_^ ]^{v`~Zzz|^`] ]`^jv^\b{ z|^Z\^j_]^ j_]v`|^ v ^ _Z`~v{| ^ j_]v`|^ v ^ Yv[{j]`xvb{j ^ `[qb~]{j\^ v ^ ~[\bY^ ]jY^ ]`]^ Yvzz]Yjb ]z|^ j]`~]q^Yv~xv\bjbv{^j_]v`|^b{^j_]^\]{\]^v ^j_]^ j_]v`|^ v ^ j_]^ \v[{q^ ~Zj]`bZz^ ~Z ] [x^ v ^ j_]^ ~[\bY ^ Zz_Z[\^ YZzz]q^ bj^ Z{q ]` z]_`] ^ j`Z{\^ Z{q v` ^j_]v`| } ^ _]^vj_]`^dvq|^v ^~[\bY^j_]v`| ^Yv{\b\jb{ ^ v ^ x_bzv\vx_bYZz^ Z{q^ zbj]`Z`|^ ~ZF]`\ ^ ]`]^ `] ]``]q^jv^Z\^x_bzv\vx_bYZz^j_]v`|^v ^~[\bY} {^ b{j]`]\jb{ ^ ZYj^ b{^ Zz_Z[\ ^ q] {bjbv{^ b\^ j_]^ qb\jb{Yjbv{^ Z{q¾v`^ ]~x_Z\b\^ ~Zq]^ v{^ j_]^ x`]xv\bjbv{^ ^Z{q^ ^ j_v[ _j^ {^Z{q^ ^ ~[\bY ^ YZxbjZz^b\^~b{] } _]^Yv{Y]xj^v ^j_v[ _j^v{^~[\bY^b\^ Yz]Z`^jv^[\}^ xZ`j^ `v~^ `bF]{^v`^ {vjZj]q^~[\bYZz^Yv~xv\bjbv{\ ^ j_v[ _j\^ v{^ ~[\bY^ v[zq^ Yv~x`b\]^ j_v\]^ j_b{ \^ `] ]``]q^ jv^ Zdv ]^ Z\^ zbj]`Z`|^v`^x_bzv\vx_bYZz^ j_]v`|^ v ^ ~[\bY}^ [j^ what are thoughts b{^ ~[\bYÔ^ _]|^ Z`]^ ~[\bY^ b{^ \v[{q \v[{qb{ ^ ~[\bY ^ ~[\bYZ^ b{^ ZYj[ ^ b{^ x]` v`~Z{Y] ^ ] ]{^ _]`]^ bj^ is not `bF]{^ down or notated v{^ ~Z{[\Y`bxj^ xZx]` ^ j_]|^ are thoughts realized in ZYjbv{^ á^ \v[{q^ZYjbv{ ^ vYZz^ \v[{q^ ZYjbv{^ vYZz^ ~[\bY ^ v`^ b{\j`[~]{jZz^\v[{q^ZYjbv{^ b{\j`[~]{jZz^~[\bY^ á^] j]~xv`b\Zjbv{^]jY} } _[\ ^b{^j_]^zv{ ^`[{ ^] ]`|j_b{ ^ `bF]{^v{^ ~[\bY^d|^] x]`j\^b{^j_]^ ]zq^ Z{q^j_]^bq]{jbj|^v ^ \v~]^v ^j_]\]^] x]`j\^ bzz^\vv{^d]^`] ]Zz]q ^b\^ xZ`j^Z{q^xZ`Y]z^v ^~[\bY^j_]v`| ^j_b{ \^ `bF]{^ v{^ Yv~xv\bjbv{ ^ v{^ _b\jv`| ^ v{^ Z]\j_]jbY\^ ]jY}^ {^ j_]^ \Y_vvz¾^ YzZ\\bYZz^ ~[\bY ^ j_]^ Yv`x[\^ v ^ Yv~xv\bjbv{\^ d|^ Z`bv[\^ Yv~xv\]`\^ jv ]j_]`^ bj_^j_]b`^Z{Zz|\]\^v ^j_]b`^ v` \^Z{q^j_]^ v` \^ v ^vj_]`\^Z`]^b{Yz[q]q^b{^j_]^dvq|^v ^ `bjb{ \^ ]^`] ]``]q^jv^Z\^j_]v`|^v ^Yv~xv\bjbv{ ^ _bz]^ j_]^ `bjb{ \^ v ^ ~[\bYZz^ ] x]`j\ ^ ~[\bYvzv b\j ^ ~[\bY^Z]\j_]jbYbZ{\ ^~[\bY^x\|Y_vzv b\j\ ^~[\bY^ ]q[YZjbv{b\j\ ^ `v~^ j_]^ Z{jb [bj|^ jbzz^ qZj] ^ Z`]^ b{Yz[q]q^b{^ _Zj^ Z\^`] ]``]q^jv^Z\^j_]^zbj]`Z`|¾ x_bzv\vx_bYZz^ j_]v`]jbYZz ^j_]v`|^v ^~[\bY}^^^ African music theory _Zj \^ j_]{^ j_b\^ jZz ^ v ^ `bYZ{^ ~[\bY^ {vj^ _Z b{ ^ Z^ j_]v`|^ d]YZ[\]^ j_]|^ Z`]^ v`Zzz|^ _Z{q]q^ qv {^ ]jY}^ `]^ j_]|^ {vj^ _Zj^ ]^ `] ]``]q^jv^Z\^~[\bY^b{^\v[{qÔ^ `bYZ{^~[\bY\^ Z`]^ Yv{Y`]jb Zjbv{\^ v ^ j_v[ _j\^ ~Z{b ]\jb{ ^ b{^ ~[\bYZz^\v[{q^ZYjbv{} {^ b ]`bZ ^ ]^ YZ{^ `]Yv {b ]^ j_]^ \v[{qb{ ^ j_]v`|^ v ^ v[`^ j`Zqbjbv{Zz^ ~[\bY\ ^ j_]|^ Z`]^ v`Zz^ ~[\bY\^ b{^ x]` v`~Z{Y] ^ `v~^ _bY_^ ~[\bYvzv b\j\^Z`]^]zbYbjb{ ^Z{q^ `bjb{ ^qv {^v{^ xZx]`^j_]^j_]v`b]\^Zj^j_]b`^dZ\] ^Z{q^\] ]`Zz^v ^ v[`^Yv~xv\]`\^YZ{¾qv^ v` ^ bj_^j_]~}^ `v~^ j_]~ ^j_]|^`]Zzb ]^ [`j_]`^q] ]zvx~]{j^v ^j_b\^ j_]v`|^b{^Z{q^j_`v[ _^j_]b`^v {^Yv~xv\bjbv{\} <?2Z6Q7 37Q {^ [`j_]`Z{Y]^ v ^ v[`^ [{q]`\jZ{qb{ ^ v ^ ~[\bY^j_]v`|^Z{q^v ^j_]^qb\Yv[`\]^b{^x`v `]\\^ j_]^ {]Y]\\bj|^ v ^ Z{\ ]`b{ ^ j_b\^ [{qZ~]{jZz^ []\jbv{\^ Z`b\] ^ j_]|^ Z`]^ Zj^ j_]^ dZ\]^ v ^ Zzz^ j_]^ Y[``]{j^Z` [~]{j\ ^{vj^v{z|^b{^v[`^Yv[{j`| ^d[j^ Zz\v^b{^~Z{|^xZ`j\^v ^ `bYZ{^Z{q^j_]^ v`zq^b{^ general. Y% 7+ $%01=0&+* 0+@1 Q&0*54

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!!"(! 2; &; %;& "" ;(! $( 1 (%' % "% 2; & ; ; & ; #%" ( ! ; "('&' ! ! ; &'( !'&; &; !"'; % * % ! ; (& ; "&';# % !'&; "!7'; ';# ; !; ' %;# &;" ;*"% ; ! ;&";' ,; % ;!"'; ; '"; # ,; ' %; % !7&; & "" ; &; '""1 8 ; & ; ( ; ! ; ,; # && "!; "%; ( ' ! ; % !; "%; (! $( ! &&; &!7'; !; % ! ; (& ; "&'; # % !'&; "!7';# ,;' ;& "" ; &; &; ! ; * !; ( ; ! ; ; !7';& ! ;' ; % !; * ,1; ; ; "; &; '"; % ! ; ! ; # ; * ' ; ' ; # % !'&; '"; # & ; # ,; (#; &"; ' '; ' ; & "" ; !; &"; # ,; ' %&; ! ;&' D;29; ( ;& !;& 1 ; ; ' '; %; "! ,; ! ; &; (! ! 1; 8 ; ) ; #(# &; ' '; ) ; % ( ' ; %" ; ,; & "" ; ! ; % ; !"*; !; & "! %,; & "" &; ! ; ' %; # % !'&; ) !7'; # ; ' ; & "" ; &1; "2; ' ; ! ; &; & ,; (! ! 2; ('; ' ! ; " ; "%; ,; (& ! ; * "; &; !; " ; % '; #; ,; && &' ! ; !; (! ! ; ! ;' ! ; " ;' ;&'%( '(% ; &; (! "(%&2;&";* ; "!7'; ) ;'";*"%%,; "('; "(%& # , ! ; "(& ;% !'1 # , 8 " ; # % !'&; ) !7'; # ; "%; ; * " ; * " & && "!; ! ; ' %; % !; ) ; ") ; (#; '"; "' %; && &1; ; !7'; (&'; ") D;"% ;"% ; '"; & ! ; &( ; % !; " ; (& ; ' ,; % ; ) %,; % !'; ! ; "('&' ! ! ; &'( !'&1; "*; !; ; ) !; "('& & ! ; ' ; * ,3; ; ; "2; ; * ; !"'; ; & ! ( ;; ! ; ,; # && "!29; & ; (%' %; 1 "* ) %2; & ; "! ( ; ' '; %; " % ; "%; % !&% ; !; ' ; ! % &'; ('(% ; &; "%;' ;& "" ;'"; ) %' & ; '& ; ('( ' %"( ; ' ; (! $( ; #(# &; ' '; & ; ' %" #%" ( &1 #%" 8 ,;) & "!; ! ;* & ; &; "%;' ;& "" ; 8

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

57

SUNDAY NEWSWATCH, JULY 27, 2014

Sunday Business Investment escalation using commodity exchange: How viable? Investment diversification is one major hallmark of every thriving economy, more especially as it gives prospective and existing investors the choice to have multiple streams of income. FRIDAY EKEOBA writes that while the setting up of the Commodity Exchange by its proponents was meant to serve the need of the investing public in the *+-* /0 1+/23 4*5678 *79 deepening of the economy, the market is yet to live up to expectation. Investment in equities ctivities at the local bourse in recent times have resulted in investors seeking answers to questions bordering on whether investment in the market still {]]q\^jv^d]^z](^Zj^j_]^z] ]z^v„^b{ ]\jb{€^ only in equities and securities as it is the case with the Nigerian capital market. ] ]`Z€b{€^ v{^ qb ]`\b˜]q^ b{ ]\j~]{j^ ‡b{qv‡\^ _Z ]^ d]]{^ j_]^ _Zzz~Z`ƒ^ v„^ developed markets in making players in the investable markets enjoy adequate return on their investment as well as q]]x]{b{€^j_]^ Zz[]^v„^j_]b`^~Z`ƒ]j}^ The local investors’ new desire jv^ _Z ]^ j_]b`^ b{ ]\j~]{j^ xv`j„vzbv^ in the market spread can be said to have been occasioned by past disturbing experience in the slide v„^ j_]^ x]`„v`~Z{Y]^ b{qbYZjv`\^ b{^ j_]^ market which saw to the colossal loss in investment values in the market in 2008. As an emerging market, experts have observed that the market needs to gradually deploy windows it wants investors to stake their monies in because the regulators still lack the `]Â?[b\bj]^ ~Z{xv‡]`^ Z{q^ b{„`Z\j`[Yj[`]^ jv^Yvx]^‡bj_^qb ]`\b˜]q^„]Zj[`]\}^ bzz^qZj]^Z{q^„`v~^Z ZbzZdz]^\jZjb\jbY\‚^ while the developed economies have Zdv[j^½Âœ^jv^ºš^x]`^Y]{j^v„^j_]b`^]Yv{v~b]\^ being captured by their exchanges, the Nigerian capital market can only boast

A

Okonjo-Iweala

Jonathan

v„^YZxj[`b{€^™š‰™™^x]`^Y]{j^v„^]Yv{v~bY^ operations in the country. Investors in the nation’s capital market ”]ˆY]xj^ „v`^ „]‡•‚^ Z`]^ v(]{^ j_Z{^ {vj^ made to believe that investment in the equities or securities on the Exchange is the only sure path to wealth creation. What constitute investment? Events have since shown that what really constitutes wealth creation is {vj^ ‘[\j^ b{ ]\j~]{j^ b{^ ]Â?[bjb]\^ v„^ j_]^ ~|`bZq^v„^Yv~xZ{b]\^b{^j_]^~Z`ƒ]j‚^d[j^ b{„v`~Zjbv{^v{^‡_Zj^jv^€v^„v`‚^b{^j]`~\^ v„^\jZƒb{€^v{]‹\^qb\xv\Zdz]^b{Yv~]}^ ]„v`]^j_]^Y`]Zjbv{^v„^j_b\^~Z{|^\jZj]\^ in Nigeria, what the government used b{^ q] ]zvxb{€^ ~v\j^ v„^ j_]^ `vZq\^ Z{q^ ]qb˜Y]\^j_Zj^Z`]^zvYZj]q^b{^ Z`bv[\^xZ`j\^ v„^j_]^Yv[{j`|^‡Z\^~v{]|^q]`b ]q^„`v~^ „Z`~^x`vq[Y]}^ [j^ ‡bj_^ j_]^ Zq ]{j^ v„^ Y`[q]^ vbz^ b{^ j_]^ œš\‚^ ~v\j^ v„^ j_]^ Y_Z{{]z\^ ‡_]`]^ €v ]`{~]{j^ \v[`Y]q^ „v`^ „[{q\^ „v`^ development were done away with and investment in that particular sector ”Z€`bY[zj[`]•^d]YZ~]^q]Zq}^ Until recently, when the Federal

Government started trying to make a `]j[`{^  bZ^ bj\^ `]„v`~\‚^ b€]`bZ{\^ _Z ]^ not yet seen any reason to stake their money in agriculture. Much as the Nigeria’s Stock Exchange _Z\^ d]]{^ ‡]zz‰q] ]zvx]q‚^ _Z b{€^ d]]{^ ZF]\j]q^ jv^ d|^ j_]^ b{j]`{Zjbv{Zz^ communities’ (i.e. other Stock ˆY_Z{€]\^ b{^ j_]^ ‡v`zq•‚^ b{ ]\jv`\^ b{^ the Nigerian economy have stepped up Z^\bz]{j^YZ~xZb€{^„v`^j_]^qb ]`\b˜YZjbv{^ v„^ j_]^ ˆY_Z{€]^ jv^ ZYYv~~vqZj]^ j_]^

Currency

The problems with TCN –BPE Director Pg. 59

Continued on Page 58

Exchange rates as at 23/07/2014 Buying (N) Central (N)

US DOLLAR POUNDS STERLING EURO SWISS FRANC YEN CFA WAUA YUAN/RENMINBI RIYAL DANISH KRONA SDR

154.73 263.5207 208.4523 171.484 1.5259 0.299 237.348 24.958 41.2569 27.9478 238.0521

BUSINESS INTERVIEW

BUSINESS NEWS

Commodity Exchange. A commodity in this respect is a product, which trades on an Exchange. This includes cocoa, rubber, palm ƒ]`{]z‚^xZz~^vbz‚^YvD]]‚^_bq]\^Z{q^\ƒb{‚^ €vzq^ ‡_]Zj‚^ YvFv{‚^ `bY]‚^ Yv`{‚^ dZ`z]|‚^ `|]‚^ ŽZˆ\]]q‚^ €`Zb{‚^ \v`€_[~‚^ d[F]`‚^ ]€€\‚^ xvjZjv]\‚^ ‡vvz^ jvx\‚^ „Zj\^ Z{q^ vbz^ (including lard, tallow meal, groundnut oil, Soya bean meal oil, and all other

Africa’s exchanges can become effective catalysts for their countries’ economic development

Pg. 61

155.23 264.3722 209.1259 172.0381 1.5309 0.309 238.1149 25.0391 41.3903 28.0381 238.8214

Selling (N) 155.73 265.2238 209.7995 172.5923 1.5358 0.319 238.8819 25.1202 41.5236 28.1284 239.5906

MONEY/CAPITAL MARKET

Why CBN retain rate cut at 12% Pg.60

58

SUNDAY NEWSWATCH, JULY 27, 2014

BUSINESS COVER

Investment escalation using commodity exchange: How viable? Continued from Page 73 Zj\^ Z{q^ vbz\ ^ YvFv{^ \]]q\ ^ `v[{q{[j ^ v|Z^ d]Z{\ ^ v|Z^ d]Z{^ ~]Zz ^ zb ]\jvY ^ x`vq[Yj\^ Z{q^ v`Z{ ]\ ^ \vzbq^ ~b{]`Zz\^ Z{q^ Zzz^ vj_]`^ jZ{ bdz]^ vvq\^ Z{q^Z`jbYz]\ ^] Y]xj^Zzz^\]` bY]\ ^ `b _j\^ Z{q^ b{j]`]\j^ b{^ _bY_^ Yv{j`ZYj\^ v`^ [j[`]^ q]zb ]`|^ Z`]^x`]\]{jz|^d]b{ ^q]Zzj^ bj_}^ Commodity exchange _|^j_]^ ]q]`Zz^ v ]`{~]{j^ \]]~\^ jv^ _Z ]^ jZ ]{^ [x^ j_]^ Z[{jz]j^ jv^ \]j^ [x^ j_]^ d[ Z^ ]Y[`bjb]\^ Z{q^ v~~vqbjb]\^ Y_Z{ ]^ ^ b{^ ºº½ ^ jv^ x`b~Z`bz|^j`Zq]^b{^Yv~~vqbjb]\^ \[Y_^ Z\^ ~Zb ] ^ \v` _[~^ Z{q^ ~bzz]j ^ Z\^ vxxv\]q^ jv^ j`Zqb{ ^ b{^ \]Y[`bjb]\^ \[Y_^ Z\^ dv{q\^ Z{q^Yv~xZ{|^\jvY ^~Z|^|]j^d]^ [{ {v {}^ _]^vd ]Yjb ]^v ^qb ]`\b YZjbv{^ v[zq^ d]^ jv^ qb\Yv[`Z ]^ j_]^ ] xZ{\bv{^v ^x`vq[Yjbv{^ _bz]^ Zj^ j_]^ \Z~]^ jb~]^ \jb~[zZjb{ ^ j_]^q] ]zvx~]{j^v ^Zzj]`{Zjb ]^ zb{]\^v ^ZYjb bj|}^ b ]`\b YZjbv{^ Yv[zq^d]^ bj_b{^j_]^Yv~~vqbj|^ \]Yjv`^ b{jv^ j_]^ x`vq[Yjbv{^ v ^ {v{ j`Zqbjbv{Zz^ vvq\^ bj_^ `v b{ ^ ~Z` ]j\ ^ v`^ b{jv^ j_]^ x`vY]\\b{ ^v ^Yv~~vqbjb]\^Z{q^ b{^ ~Z{[ ZYj[`b{ ^ Z{q^ \]` bY]^ ZYjb bjb]\}^ b ]`\b YZjbv{^ v[zq^ z]Zq^ jv^ Z^ bq]{b{ ^ v ^ j_]^ `Z{ ]^ v ^ x`vq[Yjbv{^xv\\bdbzbjb]\^ bj_b{^ j_]^x`b~Z`|^x`vq[Yjbv{^\]Yjv`}^ j^ v[zq^Zz\v^z]Zq^jv^b{Y`]Z\]q^ x`vq[Yjbv{^ \x]Yj`[~^ Z{q^ jv^ Z^ Y_Z{ ]^b{^j_]^`]zZjb ]^\_Z`]\^v ^ x`b~Z`|^x`vq[Yj\^b{^Z `] Zj]^ v[jx[j}^

v ] ]` ^ qb ]`\b YZjbv{^ jZ ]\^jb~]^Z{q^{]]q\^Zq] [Zj]^ {Z{YbZz^ \[xxv`j}^ _]^ zv{ j]`~^ q]Yzb{]^ b{^ Yv~~vqbj|^ x`bY]\^ Z{q^ j_]^ vzZjbzbj|^ _Z ]^ Yv{\j`Zb{]q^ ]Dv`j\^ jv^ `Zb\]^ b{ ]\j~]{j^ Z{q^ qb ]`\b |^ x`vq[Yjbv{}^ zz^ j_b\^ Zxx]Z`\^ jv^ d]^ j_`]Zj]{b{ ^ Yv~~vqbj|^ ] Y_Z{ ]^ b{^ j_]^ qv~]\jbY^ ~Z` ]j}^ Advantage of a commodity market b b{ ^Z{^b{\b _j^b{jv^ _Zj^Z^ v~~vqbj|^ Y_Z{ ]^ ]{jZbz\^ `]Y]{jz| ^ `v }^ Z^ ]{ Z ^ _Zb`~Z{ ^ b ]`bZ{^ ZxbjZz^ Z` ]j^ {\jbj[j]^ ^ \Z|\^ bj^ b\^ Z{^ v` Z{b ]q^ ~Z` ]j^ x`v bqb{ ^ j_]^ {]Y]\\Z`|^ ZYbzbjb]\^ v`^ j`Zqb{ ^ v ^ Yv~~vqbjb]\^ [j[`]\ ^ vxjbv{\^ Z{q^ vj_]`^ q]`b Zjb ]\^ j_v[ _^ `] b\j]`]q^ Z{q^ zbY]{\]q^ d`v ]`\}^ zz^ Yv~~vqbj|^ Yv{j`ZYj\^ ~[\j^ \x]Yb |^ x`bY] ^ Yv{j`ZYj^ j]`~\^ [Z{jbj| ^ xzZY]^ v ^ q]zb ]`|^ Z{q^ `Zq]^ v`^ [Zzbj|}^ _]^ x`bY]^ b\^ [\[Zzz|^ q]{v~b{Zj]q^ b{^ Z^ xZ`jbY[zZ`^ Y[``]{Y|^ zb ]^ ^ qvzzZ`\ ^ `bjb\_^ v[{q\^ j]`zb{ ^ ]jY ^ \Zbq^j_]^ ^dv\\}^

]^ \j`]\\]q^ j_Zj ^ Z{vj_]`^ Y_Z`ZYj]`b\jbY^v ^j_]^ Y_Z{ ] ^ b\^j_]^Yv{j`ZYj^j]`~^\x]Yb |b{ ^ j_]^ qZj]^ v`^ `Z{ ]^ v ^ qZj]\^ q[`b{ ^ _bY_^ j_]^ Yv~~vqbj|^ ~[\j^ d]^ q]zb ]`]q ^ _bY_^ d]Yv~]\^ j_]^ ]D]Yjb ]^ Yv{j`ZYj^ qZj] ^ Zqqb{ ^ j_Zj^ bj^ Zz\v^

Foodstuff

\x]Yb ]\^ j_]^ q[`Zjbv{^ v ^ j_]^ Yv{j`ZYj}^ _]^ vz[~]^ v ^ j_]^ Yv~~vqbj|^ jv^ d]^ q]zb ]`]q^ ~[\j^d]^\x]Yb ]q}^ v`^Yv{j`ZYj\^ d]j ]]{^ j v^ xZ`jb]\ ^ j_]^ xvb{j^ v ^ q]zb ]`|^ ~Z|^ d]^ Z{| _]`]^ Z `]]q^ d|^ dvj_^ xZ`jb]\}^

v ] ]` ^jv^~]]j^Z{^vdzb Zjbv{^ v{^ Z{^ v` Z{b ]q^ Y_Z{ ] ^ j_]^ q]zb ]`|^ xvb{j\^ ~[\j^ d]^ j_v\]^ Zxx`v ]q^d|^j_]^ Y_Z{ ] }^ v~~vqbjb]\^ Z`|^b{^ [Zzbj|^ v`^ `Zq]^ Z\^ YvYvZ^ v`^ YvFv{ ^ q[]^ jv^ Z`bZjbv{\^ b{^ `v b{ ^ ]{ b`v{~]{j\ ^ _Z{qzb{ ^ Z{q^ x`vY]\\b{ ^~]j_vq\}^ _]^ `Zq]^ ~[\j^ d]^ Z `]]q^ [xv{^ d|^ j_]^ j`Zqb{ ^ xZ`jb]\^ Z{q^ j_]^ x`bY]\^ Zq [\j]q^ jv^ `] ]Yj^ [Zzbj| ^ _]^ Zqq]q}^ x]Z b{ ^ v{^ j_]^ j_`]]^ qb\jb{Yj^ ~Z` ]j\^ b{^ Yv~~vqbj|^ Y_Z{ ] ^ `v }^ ]{ Z^ ~Zb{jZb{]q^ j_Zj^ j_]^ YZ\_^ ~Z` ]j ^j_]^ [j[`]^~Z` ]j\^Z{q^ vxjbv{\^~Z` ]j^Z`]^j_]^xbzzZ`\^v{^ _bY_^j_]^ Y_Z{ ]^`] vz ]\}^ v`^ j_]^ YZ\_^ ~Z` ]j ^ bj^ [`j_]`^zb~bj]q^b{jv^\xvj^~Z` ]j^ Z{q^ v` Z`q^ ~Z` ]j ^ bj^ `] ]`\^ jv^ Z^ YZ\_^ ~Z` ]j^ v`^ x_|\bYZz^ Yv~~vqbj|^j_Zj^b\^Z ZbzZdz]^ v`^ b~~]qbZj]^q]zb ]`|}^ {^ j_]^ vj_]`^ _Z{q ^ v` Z`q^ ~Z` ]j^b\^YZ\_^~Z` ]j^b{^ _bY_^Z^ \]zz]`^Z `]]\^jv^q]zb ]`^Z^\x]Yb Y^ YZ\_^ Yv~~vqbj|^ jv^ Z^ d[|]`^ \v~]jb~]\^ b{^ j_]^ [j[`]}^ _]^ ~Zb{^b{\j`[~]{j^b\^j_]^ v` Z`q^ Yv{j`ZYj ^ _bY_^ YZ{^ d]^ q] {]q^ Z\^ Z{^ Z `]]~]{j^ d]j ]]{^ j v^ xZ`jb]\^ b{^ _bY_^ v{^ \]Fz]\^ j_]^ vj_]`^Zj^Z^\x]Yb ]q^ [j[`]^qZj]}^ v` Z`q^Yv{j`ZYj\ ^b{^Yv{j`Z\j^ jv^ [j[`]\^ Yv{j`ZYj\ ^ Z`]^ x`b Zj]z|^{] vjbZj]q^Z{q^Z`]^{vj^ \jZ{qZ`qb ]q}^ {|^j`Z{\ ]`]{Y]^ v`^ zb [bqZjbv{^ v ^ j_]^ Yv{j`ZYj^ ~[\j^d]^qv{]^ bj_^d]^qv{]^ bj_^ j_]^~[j[Zz^Z `]]~]{j^v ^d[|]`^ Z{q^j_]^\]zz]` ^ ]{ Z^{vj]q}^ _]^ [j[`]\^~Z` ]j^b\^Z^ v`[~^ _]`]^ d[|]`\^ Z{q^ \]zz]`\^ ]{j]`^ b{jv^ `~^ Yv~~bj~]{j^ jv^ ~Z ]^ Z{q^ jZ ]^ q]zb ]`|^ v ^ \x]Yb ]q^ Yv~~vqbjb]\^ Zj^ \v~]^

For the cash market, it further limited into spot market and forward market, it refers to a cash market for physical commodity that is available for immediate delivery

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v ] ]` ^ j`Zq]`\^ b{^ [j[`]\^ ~Z` ]j^Z`]^x`b~Z`bz|^b{j]`]\j]q^ ]bj_]`^ b{^ ~Z{Z b{ ^ {Z{YbZz^ `b\ \^ j_`v[ _^ _]q b{ ^ v`^ b{^ x[`]^ \x]Y[zZjbv{^ `Zj_]`^ j_Z{^ b{^ j_]^ ZYj[Zz^ ] Y_Z{ ]^ v ^ j_]^ Yv~~vqbjb]\}^ v{j`ZYj\^YZ{^d]^ vD\]j^d|^ {Z{YbZz^j`Z{\ZYjbv{\^ d] v`]^ bj\^ Yzv\b{ ^ qZj]^ \v^ j_Zj^ {v^ ] Y_Z{ ]^ v ^ j_]^ x_|\bYZz^ Yv~~vqbj|^] ]`^jZ ]\^xzZY]}^ [j[`]\^ Yv{j`ZYj\^ Z`]^ ] ]Y[j]q^ v{^ v` Z{b ]q^ v~~vqbj|^ Y_Z{ ] \ }^ _]|^ Z`]^ {vj^ d]j ]]{^ j v^ v`qb{Z`|^ b{qb bq[Zz\ ^ d[j^ ] b\j^ v{z|^ d]j ]]{^j_]^d[|]`^Z{q^\]zz]`^v ^ Z^Yv{j`ZYj^Z{q^j_]^ Y_Z{ ]^v`^ bj\^ `]x`]\]{jZjb ] ^ j_]^ Yz]Z`b{ ^

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j_[\^ ZYbzbjZjb{ ^x`bYb{ }^ j^ bzz^ d]^ `]YZzz]q^ j_Zj^ j_]^ [j[`]\^ ~Z` ]j\^ _]zx^ jv^ q]j]`~b{]^ j_]^ d]\j^ Y[``]{j^ x`bY]\}^ zz^ dbq\^ Z{q^ vD]`\^ Z`]^ Z `] Zj]q^ Z{q^ j_]^ x`bY]\^ Zj^ _bY_^ j_]^ j`Zq]\^ Z`]^ ] ]Y[j]q ^ q]j]`~b{]q^ j_]^ d]\j ^ Y[``]{j^ ~Z` ]j^ x`bY]}^ {^ Zqqbjbv{ ^ j_]^ x`bY]\^ Z`]^ x[dzbYz|^ qb\\]~b{Zj]q^ Z{q^ j_]`] v`]^x`v bq]^Z{^]Z\|^ Z|^ jv^ q]j]`~b{]^ Z^ x`vq[Yj^ v`^ b{\j`[~]{j \^ Zb`^x`bY]}^ {vj_]`^ d]{] j^ v ^ j_]^ v~~vqbj|^ Y_Z{ ] ^ jv^ ] b]^ b{Yz[q]\ ^ _Zj^ |v[^ \_v[zq^ {v ^ b\^ j_Zj^ [\j^ Z\^ b{^ dZ{ \^ Z{q^ \jvY ^ ~Z` ]j\ ^ j_]^ v~~vqbj|^ Y_Z{ ]^ b\^ ]\\]{jbZzz|^ Z{^ b{\jbj[jbv{^ v`^ ~vdbzb b{ ^ b{ ]\j~]{j ^ j_`v[ _^ j_]^ ZYjb bjb]\^ v ^ _]q ]\^Z{q^\x]Y[zZjv`\} Launching electronic warehouse receipt system v^ dvv\j^ bj\^ vx]`Zjbv{ ^ j_]^ v~~vqbj|^ Y_Z{ ]^ zZ[{Y_]q^ Z^ xbzvj^ ]z]Yj`v{bY^ Z`]_v[\]^ `]Y]bxj^ \|\j]~^ ] ^v{^ [z|^ } _b\^ Z\^ ~Zq]^ {v {^ b{^ Z v\^ d|^ ^ v ^ ^ [\[ ^ dq[z`Z_~Z{ ^ v_Z~~]q^ }^ Z{j[`Z b ^ ^ Z{ ^ v ^ `bY[zj[`]^ v ^ Z{q^ vzZ^ Z bq v`_Z ^ ^ jZ{dbY^ ^ vzqb{ \^xzY} YYv`qb{ ^ jv^ dq[``Z_~b{ ^ jZ{dbY^ ^ vzqb{ \^ zY ^ b\^ v{]^v ^j_]^dZ{ \^YvzzZdv`Zjb{ ^ bj_^ j_]^ ]{j`Zz^ ]Y[`bjb]\^ z]Z`b{ ^ |\j]~^ ^ Z{ ^ v ^ `bY[zj[`]^ Z{q^ j_]^ ]q]`Zjbv{^ v ^ `bY[zj[`Zz^ v~~vqbj|^ \\vYbZjbv{^ v ^ b ]`bZ^ ^ v{^ j_]^ x`v ]Yj} Meanwhile, Stanbic IBTC C3\62?6=F76?7ED7K73=6;C3\J _]^ {] ^ xzZj v`~ ^ dq[z`Z_~Z{^ ] xzZb{]q ^ bzz^ ]{Zdz]^ Z`~]`\^ jv^ xzZY]^ j_]b`^ Yv~~vqbjb]\^ Zj^ Z{^ ZYY`]qbj]q^ Z`]_v[\]^ b{^ qbD]`]{j^ xZ`j\^ v ^ j_]^ Yv[{j`|^ Z{q^ bzz^d]^b\\[]q^Z{^]z]Yj`v{bY^ `]Y]bxj^ \jZjb{ ^ q]jZbz\^ \[Y_^ Z\^ Yv~~vqbj|^ j|x] ^ [Zzbj|^ Z{q^ [Z{jbj| ^ v {]`^ Z{q^ vj_]`^ `]z] Z{j^ b{ v`~Zjbv{}^ _]^ q]xv\bjv`^ bzz^ _Z ]^ j_]^ Y_vbY]^ v ^ [\b{ ^ j_]^ `]Y]bxj^ Z\^ YvzzZj]`Zz^ jv^ vdjZb{^ dZ{ ^ zvZ{\^ v`^ v`^j`Zqb{ ^v{^j_]^] Y_Z{ ]}^ {vj_]`^vxjbv{^b\^jv^ ]]x^\[Y_^ Yv~~vqbjb]\^b{^j_]^ Z`]_v[\]^ [{jbz^ j_]b`^ x`bY]\^ \jZdbzb ]^ v`^ Zxx`]YbZj]} xZ`j^ `v~^ ]{\[`b{ ^ zb [bqbj|^ v{^ j_]^ ] Y_Z{ ] ^ dq[z`Z_~Z{^ \jZj]q^ j_Zj^ j_]^ b{bjbZjb ]^ bzz^ ]{Yv[`Z ]^ j_]^ x`v b\bv{^ v ^ \jZ{qZ`q^ \jv`Z ]^ ZYbzbjb]\^ v`^ vx]`Zjv`\^ b{^ j_]^ Z `bY[zj[`Zz^ Zz[]^ Y_Zb{^ Z{q^ ~Z ]^ j_]^ Z`]_v[\]^ `]Y]bxj\^ Z^ x`b~]^ jvvz^ v ^ j`Zq]^ _bz]^ ZYbzbjZjb{ ^ZYY]\\^jv^ {Z{Y]} Drawbacks from the product market ] b]^_v ] ]`^\Zbq^j_Zj^ j_]^ \x]Y[zZjv`\^ b{^ j_]^ v~~vqbj|^ Y_Z{ ]^ `b\ ^ j_]b`^ YZxbjZz^ b{^ j_]^ ] x]YjZjbv{^ v ^ ~Z b{ ^ x`v j ^ ] ]{^ Z\^ \[xxz|b{ ^ j_]^ YZxbjZz ^j_]^\x]Y[zZjv`\^_]zx^jv^ Y`]Zj]^zb [bqbj|^b{^j_]^~Z` ]j}^

59

SUNDAY NEWSWATCH, JULY 27, 2014

BUSINESS NEWS

The problems with TCN –BPE Director

T

he Director-General of the Bureau of Public Enterprises ” •‚^ `}^ ]{‘Z~b{^ Dikki has shed some light on the issue of poor transmission capacity of the Transmission Company of Nigeria (TCN), which is a major hindrance jv^ ZFZb{~]{j^ v„^ \j]Zq|^ ]z]Yj`bYbj|^\[xxz|} He said that the transmission company, ‡bj_^ bj\^ ]ˆjZ{j^ ˜{Z{YbZz^ stock cannot be said to be [{q]`„[{q]q} bƒƒb^ \Zbq^ „[{q\^ Z ZbzZdz]^ to TCN as at now are ] ]{^ ~v`]^ j_Z{^ ]{v[€_^ for it to meet immediate j`Z{\~b\\bv{^jZ`€]j\}

]^ \Zbq ^ Š _]^ €v ]`{~]{j^ _Z\^ jZƒ]{^ Z^ zvj^ v„^ b{bjbZjb ]\^ Z{q^ _Z\^ x`v bq]q^ „[{qb{€^ jv^ j_]^ ^ „v`^ b~x`v b{€^ j`Z{\~b\\bv{}^ ã¤ÂšÂš^ ~bzzbv{^ xZ`j\^ v„^ j_]^ ã›^ dbzzbv{^ [`vdv{q^ zvZ{^ ‡]`]^ €b ]{^ to TCN, there are also loans from the AfDB and JICA to the TCN and currently, funding is not really the ~Z‘v`^Y_Zzz]{€]^Zj^ } “TCN is in the process of identifying and executing projects that will utilise Z ZbzZdz]^ „[{q\‚^ ‡]^ Z`]^ {vj^ \Z|b{€^ j_Zj^ ‡_Zj^ j_]|^ _Z ]^ {v‡^ b\^ \[AYb]{j^ d[j^ ‡_Zj^ j_]|^ _Z ]^ {v‡‚^ j_]|^ _Z ]^ to utilise before we can talk

Zdv[j^Zqqbjbv{Zz^„[{q\}Â? electricity wheeling capacity when substantial amount of the company has the wheeling _]^ ^ Y_b]„^ _v‡] ]`^ jv^´ÂšÂšÂš~‡} electricity is expected to be YZxZYbj|^ jv^ q]zb ]`^ j_]^ xv‡]`^ Zq~bF]q^ j_]^ \]Yjv`‹\^ [`€]{j^ Nebo said with the federal €]{]`Zj]q^ Z{q^ j`Z{\~bF]q^ j_Zj^‡v[zq^d]^€]{]`Zj]q} {]]q^„v`^˜{Z{YbZz^dvv\j^„`v~^ €v ]`{~]{j‹\^ Yv~~bj~]{j^ for distribution across the Aside from the problem j_]^ €v ]`{~]{j^ b{^ j_]^ „v`~^ to upgrade the operations Yv[{j`|} of inadequate gas to v„^\[d\bq|} v„^ j_]^ ^ Z{q^ bj\^ ZAzbZj]\‚^ The minister noted that xv‡]`^ j_]^ €Z\‰˜`]q^ xv‡]`^ “We are also going to the transmission company the new management of plants, another thing that `]~b{q^ €v ]`{~]{j^ v{^ j_]^ ‡v[zq^ _Z ]^ {v^ ]ˆY[\]^ „v`^ the TCN has been focused, posed serious threat to the issue of subsidy because not meeting up with the d[j^ Zq~bF]q^ j_Zj^ Z^ zvj^ \jbzz^ xv‡]`^ x`b Zjb\Zjbv{^ b\^ xvv`^ this market was designed ]Y]~d]`^ ™š›£^ q]Zqzb{]‚^ needed to be done to ensure j`Z{\~b\\bv{} v{^ Z^ q]˜{]q^ Ă• ^ zv\\^ threshold and by reason of that percentage, you know j_Zj^\v~]^`] ]{[]^b\^Zz`]Zq|^ z]Zƒ]q^v[j} Š _Zj^ b\^ ‡_|^ €v ]`{~]{j^ ~Zq]^ x`v b\bv{^ b{^ ™š›£^ „v`^ subsidy and we need to bring j_b\^`] ]{[]^b{jv^j_]^\|\j]~^ to bridge the gap of payment due to the Gencos so that we don’t hurt them because the Gencos are not being paid fully and if they are not being paid, they could consider not generating and if they don’t €]{]`Zj]‚^Z^ bYbv[\^Y|Yz]^‡bzz^ Yv~]^b{}Â? Dikki said the agency would ensure that €v ]`{~]{j^ `]z]Z\]\^ j_v\]^ subsidies funding to enable it oil the market mechanism and ensure that the power \]Yjv`^ Yv{jb{[]\^ jv^ \[` b ]^ Z{q^€`v‡} Resently, Minister of v‡]`‚^ `v„}^ _b{]q[^ ]dv^ `]ZA`~]q^ j_]^ ]Y]~d]`^ L-R: The Managing Director, Capital Bancorp Plc, Mr. Aigboje Higo; General Manager/Head, Legal and ™š›£^ q]Zqzb{]^ €b ]{^ jv^ Regulation Division, The Nigerian Stock Exchange (NSE), Ms. Tinu Awe, and Chairman, Capital Bancorp the TCN to upgrade its „_Q ~^ \_XY€_ ~€†€_X^> Y €@]Q> _ _ XjQ= €@ % jQ€^` ? Š^  ? Y Š=? ‹>ÂŒ?^> j }Y€QÂ… (HQ= jÂŒ?

Apapa gridlock destroying nation’s economy –LCCI

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he perennial gridlock on the Apapa-Oshodi Expressway and other access roads leading to the two major seaports in Lagos (Apapa and Tin-Can Island) is destroying businesses and the economy at large, said the Lagos Chamber of Commerce and Industry ” •} Remi Bello, LCCI President, said the total collapse of transportation logistics and access to the major ports has brought about an urgent need to relocate the tank farms to the outskirts of the city as they constitute serious \Z„]j|^_ZÂ&#x;Z`q\^jv^j_]^xv`j^[\]`\} Š ]Fb{€^jv^j_]^xv`j\^_Z\^d]Yv~]^Z{^ [{x`]Y]q]{j]q^{b€_j~Z`]–^~v b{€^v[j^ v„^j_]^xv`j\^b\^] ]{^Z^€`]Zj]`^{b€_j~Z`]}^ The entire system has become totally q|\„[{Yjbv{Zz^ Z{q^ q]zb ]`|^ v„^ ]~xj|^ Yv{jZb{]`\^Z{q^j_]^] ZY[Zjbv{^v„^YZ`€v^ _Z\^ d]Yv~]^ Z^ j]``b„|b{€^ ]ˆx]`b]{Y]‚Â?^ \Zbq^ ]zzv} He said there was an urgent need to `] b ]^j_]^`Zbz^\|\j]~^„v`^j_]^x[`xv\]^v„^ ] ZY[Zjb{€^YZ`€v^„`v~^j_]^ Z€v\^xv`j\} “The nation needs to make the

`]˜{]`b]\^ „[{Yjbv{Zz^ jv^ `]q[Y]^ importation of petroleum products ‡_bY_^‡bzz^`]q[Y]^j_]^Yv{ ]`€]{Y]^v„^ jZ{ƒ]`\^Zj^j_]^ Z`bv[\^xv`j\^Z{q^j_]`]^ b\^{]]q^jv^Zz\v^b~x`v ]^j_]^`]zbZdbzbj|‚^ safety and integrity of pipelines across the country as a means of ~v b{€^ x]j`vz][~^ x`vq[Yj\‚Â?^ _]^ \Zbq}

He disclosed that charges by _Z[zZ€]^  ]_bYz]\^ _Zq^ b{Y`]Z\]q^ astronomically because of the long j`Z ]z^ jb~]^ Z\^ ‡]zz^ Z\^ j[`{Z`v[{q^ time resulting from the slow pace v„^ YZ`€v^ ] ZY[Zjbv{^ „`v~^ j_]^ xv`j\^ and paralysis of other businesses along the axis because of reduced patronage due to reduced access by

Y[\jv~]`\} This, he added, was taking a toll v{^ j_]^ x`b Zj]^ \]Yjv`^ Z{q^ j_]^ ]{jb`]^ economy, especially in frequent accidents resulting from fallen containers in transit because of the state of the roads and high demurrage resulting from the slow ] ZY[Zjbv{^v„^YZ`€v}

UK widens massive pension reforms

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`bjZb{^‡v[zq^€b ]^~v`]^‡v`ƒ]`\^ the choice to cash in their pension \Z b{€\‚^ j_]^ €v ]`{~]{j^ \Zbq‚^ expanding on reforms set out earlier this year that hit the share prices v„^ b{\[`]`\}^ b{Z{Y]^ b{b\j]`^ ]v`€]^ Osborne caught Britain’s pensions industry by surprise in March when he said he would scrap a rule forcing many x]vxz]^ jv^ d[|^ Z{^ Z{{[bj|‚^ Z^ ˜{Z{YbZz^ x`vq[Yj^ j_Zj^ Yv{ ]`j\^ x]{\bv{^ \Z b{€\^ b{jv^Z^€[Z`Z{j]]q^b{Yv~]^v{^`]jb`]~]{j}^ As part of what is seen as the biggest reform of pensions in a generation, from April next year people will face a much lower tax penalty if they access their

x]{\bv{^\Z b{€\^]Z`z|^Zj^j_]^Z€]^v„^œœ}^ Osborne said yesterday that these rights would apply to more pension schemes than originally planned, taking j_]^ {[~d]`^ v„^ x]vxz]^ ZD]Yj]q^ jv^ ›½^ ~bzzbv{‚^v`^~v`]^j_Z{^_Zz„^j_]^‡v`ƒ„v`Y]}^ The original plans applied only jv^ q]˜{]q‰Yv{j`bd[jbv{^ ‡v`ƒxzZY]^ x]{\bv{\}^ _]^zZj]\j^x`vxv\Zz\^]ˆj]{q^j_]^ Y_Z{€]\^jv^q]˜{]q‰d]{]˜j^\Y_]~]\}^ Companies that sell annuities will be able to sell more complex products that Zzzv‡^ v{]‰vD^ z[~x‰\[~^ ‡bj_q`Z‡Zz\^ Z{q^qv^{vj^xZ|^Z^Yv{\jZ{j^b{Yv~]}^ v~]^ industry experts fear that people may be \vzq^[{\[bjZdz]^b{ ]\j~]{j\}^

Š j^ ‡bzz^ d]Yv~]^ b{Y`]Z\b{€z|^ qbAY[zj^ „v`^v`qb{Z`|^b{ ]\jv`\^jv^qb\Y]`{^‡_]j_]`^ j_]|^Z`]^ZYj[Zzz|^€]Fb{€^Z^€vvq^x`vq[Yj^v`^ {vj‚Â?^ v~^ Y _Zbz‚^j_]^_]Zq^v„^x]{\bv{\^ `]\]Z`Y_^Zj^d`vƒ]`^ Z`€`]Z ]\^ Z{\qv‡{‚^ \Zbq}^ {\[`]`\‹^ \_Z`]\^ ‡]`]^ zbFz]^ Y_Z{€]q}^ Shore Capital equity analyst Eamonn zZ{Z€Z{^\Zbq^j_]^~v ]\^‡]`]^zZ`€]z|^Z\^ ]ˆx]Yj]q}^ [j^x`bY]\^v„^zv{€‰qZj]q^ ^€v ]`{~]{j^ bonds fell, with 30-year yields up as much Z\^ ™^ dZ\b\^ xvb{j\^ Z\^ b{ ]\jv`\^ „]Z`]q^ j_]^ Y_Z{€]\^‡v[zq^`]q[Y]^q]~Z{q}^ {\[`]`\^ j`Zqbjbv{Zzz|^d[|^zv{€‰qZj]q^€v ]`{~]{j^ dv{q\^jv^Yv ]`^Z{{[bj|^xZ|v[j\^

Zimbabwe transforms Exchange, to open way for public listing

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he Zimbabwe Stock Exchange (ZSE) had been transformed into a company from a mutual society, opening the way for a public listing on the bourse it operated, Finance b{b\j]`‚^ Zj`bYƒ^ _b{Z~Z\Z^ \Zbq}^ The ZSE had been owned and run d|^\jvYƒd`vƒ]`\^\b{Y]^›º£´Â‚^d[j^Z(]`^ demutualisation the brokers hold ´½^ x]`^ Y]{j^ ‡_bz]^ j_]^ €v ]`{~]{j^ v‡{\^ j_]^ `]~Zb{b{€^ \_Z`]\}^ Chinamasa said stockbrokers and j_]^ €v ]`{~]{j^ ‡v[zq^ \]zz^ _Zz„^ j_]b`^\_Z`]\^‡_]{^j_]^ ^b\^zb\j]q}^

]^qbq^{vj^€b ]^Z^qZj]^„v`^j_]^zb\jb{€‚^ d[j^Z{^vAYbZz^„`v~^j_]^dv[`\]^\Zbq^ this should happen within three |]Z`\}^ _]^ ´Âœ^ Yv~xZ{b]\^ zb\j]q^ v{^ the ZSE had a combined market YZxbjZzb\Zjbv{^v„^ĂŁÂŁ}Âşdbzzbv{}

Ecobank Group gets nod to open investment bank in Kenya

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BI Corporation Kenya Limited, a subsidiary of Ecobank Capital has been granted an b{ ]\j~]{j^dZ{ƒ^zbY]{\]^d|^j_]^ Capital Markets Authority in ]{|Z} Ecobank Capital (registered Z\^ YvdZ{ƒ^ ] ]zvx~]{j^ v`xv`Zjbv{•^b\^j_]^b{ ]\j~]{j^ banking arm of the Ecobank `v[x‚^ ‡bj_^ vx]`Zjb{€^ vAY]\^ currently in Abidjan, Accra, Lagos and Douala, including

q]Zzb{€^ ~]~d]`\_bx^ v„^ ˜ ]^ African stock exchanges: the Ghana Stock Exchange, Nigerian Stock Exchange, Bourse RĂŠgionale des Valeurs Mobilières in Abidjan, Douala Stock Exchange and Bourse des Valeurs Mobilières d’Afrique ]{j`Zz]^b{^ bd`] bzz]} Ecobank Capital’s entry into Kenya follows its acquisition v„^ j_]^ b{ ]\j~]{j^ Zq b\v`^ Iroko Securities Kenya Limited in July 2013 and subsequent

application to the Capital Markets Authority for an b{ ]\j~]{j^ dZ{ƒ^ zbY]{\]^ b{^ v ]~d]`^™š›¤} Ecobank Capital joins a €`v‡b{€^ {[~d]`^ v„^ ˜{Z{YbZz^ \]` bY]\^ b{\jbj[jbv{\^ b{^ ]{|Z^ ‡_bY_^ Z`]^ ~v b{€^ b{jv^ b{ ]\j~]{j^ dZ{ƒb{€^ jv^ complement their commercial dZ{ƒb{€^\]` bY]\} Speaking when he announced the CMA licensing, Ehouman Kassi, Managing

Director of Ecobank Kenya and head of Ecobank’s East Africa regional cluster, said “increased Yv`xv`Zj]^ ZYjb bjb]\^ b{^ j_]^ Z\j^ „`bYZ^Z{q^ ^`]€bv{\^_Z ]^ Y`]Zj]q^ Z^  bd`Z{j^ ]{ b`v{~]{j^ „v`^b{ ]\j~]{j^dZ{ƒb{€Â?} Moyo Kamgaing, Managing Director of Ecobank Capital, \Zbq^ j_Zj^ ^ { ]\j~]{j^ Corporation Kenya Limited’s d[\b{]\\^ ZYjb bjb]\^ ‡bzz^ ]{Yv~xZ\\^ ]Â?[bj|^ Ă•^ q]dj^ capital markets, structured

j`Zq]^Z{q^Yv~~vqbj|^˜{Z{Y]‚^ x`v‘]Yj^˜{Z{Y]‚^Z{q^Yv`xv`Zj]^ Zq b\v`|^jZ`€]jb{€^ Z\j^ „`bYZ‹\^ vbz^ Ă•^ €Z\‚^ b{„`Z\j`[Yj[`]^ (power, ports, roads, airports and telecommunications), commodities and FMCG \]Yjv`\} In the past two years, Ecobank Capital has arranged v ]`^ ĂŁÂŁ^ dbzzbv{^ b{^ ˜{Z{Yb{€^ „v`^ x`b Zj]^ Z{q^ x[dzbY^ \]Yjv`^ clients across 12 African Yv[{j`b]\}

60

SUNDAY NEWSWATCH, JULY 27, 2014

MONEY/CAPITAL MARKET

Why CBN retains rate cut at 12% Friday Ekeoba

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he fourth-straight month of ZYY]z]`Zjb{€^ b{ÂŽZjbv{^ b{^ j_]^ domestic economy has been adduced at the reason that prevented the new central Bank of Nigeria v ]`{v`‚^ `}^ vq‡b{^ ~]˜]z]^ „`v~^ Y[Fb{€^ b{j]`]\j^ `Zj]\^ Zj^ _b\^ ˜`\j^ xvzbY|^ meeting since taking over the role in June. According to agency report forecast based on a study by 15 economists, ~]˜]z]^ƒ]xj^j_]^d]{Y_~Z`ƒ^Zj^Z^`]Yv`q^ high 12 percent owning to not too palatable need for any increament. The governor, who took over from Z~bqv^ Z{[\b^ Z(]`^ _]^ ‡Z\^ \[\x]{q]q^ in February, said last month he intended to pursue “a gradual reduction in interest rates,â€? while maintaining exchange-rate

stability. The report said, while naira bonds returned 12 percent this year, the best Z(]`^ [`ƒ]|^ Z~v{€^ ›´^ [`vx]‚^ bqqz]^ East and Africa emerging markets tracked by Bloomberg, future gains may hinge v{^ ‡_]{^ ~]˜]z]^ YZ{^ \jZ`j^ j`b~~b{€^ borrowing costs. Consumer-price growth in Africa’s biggest economy was 8.2 percent in June, the highest level in 10 months, and security risks have risen Z~bq^ b{Y`]Z\b{€^ ZFZYƒ\^ d|^ vƒv^ Z`Z~^ insurgents in the north. The “compulsion to reduce benchmark b{j]`]\j^`Zj]\^~Z|^]ˆb\j‚^d[j^Yv`]^b{ÂŽZjbv{^ _Z\^˜`~]q‚Â?^ _b]„^ Yv{v~b\j^„v`^ bqqz]^ East and Africa at VTB Capital in London, Raza Agha, had said. Monetary-policy caution is likely “particularly at a time when Nigerian domestic politics and the security situation implies risks remain elevated,â€? he said. Reduce Rates Developing-nation debt returned 4.8 percent this year, according to Bloomberg

indexes. The naira gained 1.3 percent in the second quarter, the best three-month performance in seven periods, paring its 2014 loss to 1.2 percent. It traded 0.1 x]`Y]{j^zv‡]`^Zj^›´Â™}™š^x]`^qvzzZ`^d|^› ¤½^ p.m. in Lagos. ~]˜]z]‚^ ‡_v^ [{jbz^ _b\^ Zxxvb{j~]{j^ ‡Z\^Y_b]„^]ˆ]Y[jb ]^vAY]`^v„^ ]{bj_^ Z{ƒ^ Plc, had during the 2-day MPC meeting in the week announced the bank’s rate decision in Abuja. _bz]^Yv~~]{jb{€^v{^Y[Fb{€^`Zj]\‚^j_]^ governor said the bank would “maintain Z^ ~v{]jZ`|‰xvzbY|^ \jZ{Y]‚^ `]ÂŽ]Yjb{€^ j_]^ liquidity conditions in the economy as well Z\^ j_]^ xvj]{jbZz^ ˜\YZz^ ]ˆxZ{\bv{Â?^ d]„v`]^ February elections. Exchange Rate _bz]^b{ÂŽZjbv{^Â?[bYƒ]{]q‚^j_]^`Zj]^_Z\^ _]zq^ ‡bj_b{^ j_]^ dZ{ƒ‹\^ jZ`€]j^ `Z{€]^ v„^ ´^ percent to 9 percent and foreign- currency reserves are at a four-month high, giving room for the regulator to defend the naira at twice-weekly dollar auctions to commercial lenders.

Š ~]˜]z]‚^Zzv{€^‡bj_^j_]^Yz]Z`^~Z‘v`bj|^ of policymakers, stated his commitment to exchange-rate stability,â€? analysts with FBN Capital Ltd. in Lagos Gregory Kronsten and Olubunmi Asaolu, said. “We therefore see the accumulation of `]\]` ]\‚^ Z{q^ ~vq]\j^ ˜\YZz^ d[D]`\‚^ Z\^ Z^ sound reason for an unchanged stance.â€? Some MPC members may argue for a rate increase, according to FBN. Regardless of the outcome, investors will \]]ƒ^ YzZ`bj|^ b{^ j_]^ €v ]`{v`‹\^ ˜`\j^ ^ statement giving reasons for the decisions. _]^ qZ|^ Z(]`^ ~]˜]z]‹\^ [{]^ Âœ^ \x]]Y_^ on borrowing costs, the naira fell to a two-month low and Reuters reported he \Zbq^j_]^Y[j\^‡v[zq{‹j^_Zxx]{^[{jbz^Z(]`^ February. When the governor “talked in June Zdv[j^`Zj]^Y[Fb{€‚^~Z`ƒ]j\^`]ZYj]q^\_Z`xz|^ Z{q^_]^Â?[bYƒz|^YzZ`b˜]q^_b\^xv\bjbv{^jv^\Z|^ it wasn’t going to happen immediately,â€? an economist at FCMB Group Plc, Alan Cameron, said in Abuja on July 15. “It’s not something that’s likely to happen at this meeting.â€?

&X{Y€|{ $^? &€jY^€__?^ \‚€ \{Xj $^? &€|| j ~^ Â?>Q= ^ \Y?^> Y=>^ _?@Y †^>?]jÂŒ j?ÂŽ{|?j €j {?>Â?X^?{ €@ Œ€€ { >j ,†  j \‚€ }Y Y?

Financial information: OECD release full global standard for automatic exchange

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he Organization for Economic Cooperation and Development (OECD) has released a document encompassing standard agreements for the automatic ]ˆY_Z{€]^ v„^ ˜{Z{YbZz^ information between countries Z\^ ‡]zz^ Z\^ {]‡z|^ q`Z(]q^ guidance on implementing those agreements, in moves generally welcomed by Global Financial Integrity (GFI) a Washington, DCbased research and advocacy organization. According to a statement, the OECD also asked for comments from the public by September 12th about how the framework for voluntary disclosure by taxpayers could be improved. The documents are expected to be formally adopted at the G20 Summit in Australia in November ™š›£‚^ Z(]`^ Zxx`v Zz^ d|^ j_]^

G20 Finance Ministers at their September 20-21st meeting in Cairns. GFI’s legal counsel and director of government ZDZb`\‚^ ]Zj_]`^ v‡]‚^ ^ \Zbq^ “Global Financial Integrity has been advocating for the creation of a global system of automatic exchange of ˜{Z{YbZz^ b{„v`~Zjbv{^ \b{Y]^ v[`^ „v[{qb{€^ b{^ ™šš´Â‚^ Z{q^ ‡]^ consider publication by the OECD a very successful and important step forward. This needs to be an ongoing process, _v‡] ]`‚^ Z{q^ {vj^ Z^ ˜{b\_]q^ product. The real test will be whether the standards create Z^ „[{Yjbv{b{€^ Z{q^ ]D]Yjb ]^ \|\j]~^v„^]ˆY_Z{€]^v„^˜{Z{YbZz^ information, and whether that system is truly global, with low b{Yv~]^ Yv[{j`b]\^ x]`~bF]q^ and willing to participate. We have concerns that some of the provisions may prevent these two critical goals.â€?

^ `]\]Z`Y_^ ˜{q\^ j_Zj^ bzzbYbj^ ˜{Z{YbZz^ ÂŽv‡\^ q`Zb{^ `v[€_z|^ US$1 trillion per year from q] ]zvxb{€^ Yv[{j`b]\ĂŽ\jbÂŽb{€^ economic growth and fuelling crime, corruption, and tax evasion. “We continue to have concerns that the provisions `]€Z`qb{€^bq]{jb˜YZjbv{^v„^‡_v^ owns or controls bank accounts may not be adequate to make those determinations, and ‡bj_v[j^ Yv``]Yj^ bq]{jb˜YZjbv{^ of the real people behind the accounts, the system cannot produce results,â€? noted Ms. v‡]}^ ^ Š _]^ q`Z(^ Zz\v^ zZYƒ\^ a framework for determining whether countries meet the qZjZ^x`b ZY|^Z{q^Yv{˜q]{jbZzbj|^ standards referred to in the q`Z(‚›^xvj]{jbZzz|^~Zƒb{€^j_Zj^ a subjective assessment made by one country about another, which could be used as an ]Z\|^ ‘[\jb˜YZjbv{^ „v`^ `]„[\b{€^ to exchange information, when

the real reasons for the refusal may be market-driven or for political leverage.� GFI also expressed disappointment that the information being exchanged appeared to be limited to use by tax authorities. Š _]^ Žv‡^ v„^ bzzbYbj^ ~v{]|^ around the world is not just tax evading money, it includes other criminal and corrupt money,� noted GFI President Raymond Baker. “It is a poor use of global resources to collect and exchange this information but then restrict its use solely to tax authorities. The world’s criminal investigators are struggling to trace the money j_Zj^˜{Z{Y]\^Z{q^`]‡Z`q\^q`[€^ j`ZAYƒ]`\‚^ Yv``[xj^ xvzbjbYZz^ regimes, and terror networks. zzbYbj^ ˜{Z{Y]^ b\^ Z^ \|\j]~bY^ issue, not just a tax issue, and this new tool should be used to ˜ˆ^j_]^\|\j]~^Z\^Z^‡_vz]}�

Investors getting scared of junk bonds

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ond buyers are sending a loud message this ~v{j_ ^ _]|^ ‡Z{j^ a break from the riskiest securities. The past three weeks have marked the biggest collective souring on high-yield bonds since last June, bringing an abrupt halt to the 10.4 per cent return over the previous 10 months. Even short-term junk-rated notes — typically more immune to such swings in sentiment — _Z ]^ \[D]`]q‚^ ‡bj_^ b{ ]\jv`\^ yanking the most money ever „`v~^ Z^ ZYb˜Y^ { ]\j~]{j^ Management Co. exchangetraded fund focused on such debt. It’s hard for bond buyers to stomach extra risk in the face v„^]\YZzZjb{€^Yv{ÂŽbYj\^b{^ ZÂ&#x;Z^ and Ukraine, especially when j_]|‹`]^ €]Fb{€^ Zdv[j^ j_]^ lowest compensation ever to own speculative-grade debt. Borrowing costs are now starting to rise for the leastcreditworthy U.S. companies amid the violence in some of the world’s more volatile regions, underscoring just how intertwined the global economy has become. “The market reaction highlights what our credit investors considered the number one concern in our recent survey — namely, geopolitical risk,â€? wrote Bank of America Corp. ” •^\j`Zj]€b\j\^z]q^d|^ Z{\^ Mikkelsen in a July 17 report. Z\j^ ‡]]ƒ^ j_]|^ x[zz]q^ ã´Âš¢^ million from Pimco’s 0-5 Year

b€_‰ b]zq^ v`xv`Zj]^ v{q^ index ETF, data compiled by Bloomberg show. That was the biggest withdrawal in the three-year-old fund’s history, and is a reversal in fortunes for an ETF that received $1.8 billion of deposits over the past year.

b€_‰|b]zq^ {vj]\^ ~Zj[`b{€^ b{^˜ ]^|]Z`\^v`^z]\\^_Z ]^zv\j^ 0.4 per cent in July, Bank of America Merrill Lynch index data show. The overall U.S. junk-bond market is down š}´¤^x]`^Y]{j} Federal Reserve Chair Janet Yellen’s warnings this month that “valuations appear stretchedâ€? in high yield have built on a growing sense of dread that this overheated asset class will result in severe losses when the market turns. The same concern about rising rates doesn’t seem to be plaguing investors in higherrated debt yet. They poured $2.8 billion into investmentgrade bond funds last week, helping generate positive returns of 0.2 percent on the notes this month, Bank of America data show. Meanwhile, yields on U.S. junk bonds have climbed to 5.94 per cent from a record zv‡^v„^Âœ}´º^x]`^Y]{j^v{^ [{]^™¤Â‚^ according to Bank of America Merrill Lynch index data. In spite of the Fed’s pledge to keep benchmark interest rates low for a prolonged period, junk-bond investors are starting to get weak-kneed and preparing for the worst.

61

SUNDAY NEWSWATCH, JULY 27, 2014

BUSINESS INTERVIEW

Africa’s exchanges can become effective catalysts for their countries’ economic development – Hajji A f r i c a n Exchanges are seeking greater recognition from 3:- ;/+<9 27*7=6*< system and have therefore sought closer corporation among one other. Mr. Karim Hajji, who was recently appointed to the Executive Committee of the African Securities Exchange Association (ASEA), in this interview, looks forward to making a @68762=*73 =/73+6BD36/7 to the African Securities Exchanges. WILLIAM ANAEBONAM B+678@ you excerpts:

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ou were recently appointed as a Member of the Executive /KK2E776 /@6 6 =7DD6 <?6 about yourself and what you are bringing to the table? I am very honoured to be a member v ^ \^ ]Y[jb ]^ v~~bF]]}^ j \^ a wonderful opportunity for me to make a real contribution to developing the ever closer ties between securities exchanges in Africa and to cooperating b{^Z`]Z\^v ^~[j[Zz^d]{] j^jv^~]~d]`^ countries. The Casablanca Stock Exchange can genuinely add value in areas where it has a strong reputation – technological expertise, investor education and high-quality human capital, not to mention its track record in overcoming obstacles. The Casablanca Stock Exchange b\^ j_]`] v`]^ ]zz^ xzZY]q^ jv^ vD]`^ guidance and generate ideas so as to help other African exchanges in their development. .Stock Exchanges in Africa have been clamouring for global recognition regarding the contribution made to their countries’ development? Do you think we are halfway there? African exchanges have provided investors with some of the best returns over the past 10 years. The Nigerian Stock Exchange saw its market capitalisation and volume rise by 40% and 12% respectively b{^ }^ _b\^ Z\^ ] ]{^ d]F]`^ j_Z{^ the Johannesburg Stock Exchange, Africa’s leading exchange and the Shanghai Stock Exchange, one of the world’s most promising markets. It’s not surprising therefore that these exchanges are looking for global recognition. Even less surprising is the extent to which they have become real catalysts for their countries’ economic development. African countries are

enjoying strong growth. wth. Enormous projects ts are being undertaken and the he banking sector is unable to meet such strong demand and for capital by itself. But ut the stock exchanges aree able to, provided that they y Z`]^ ZF`ZYjb ]^ jv^ dvj_^ companies and investors. tors. It is essential however ever that they overcome their various shortcomings ings g and deal with issues sues such as governance, ance, technology and liquidity. dity. y This is a huge challenge enge g of course, but I’m convinced that Africa’s ca’s securities exchanges ges g YZ{^ d]Yv~]^ ]D]Yjb ]^ b ]^ catalysts for their eir countries’ economic mic development, gain the recognition that they y ~]`bj^v{^j_]^ zvdZz^ {Z{YbZz^ {Z{YbZz stage and help increase ase their countries’ share of the he global economic pie. There have been talks alks by the African union of an African Exchange. How achievable evable is this? What model do you u see working best? A pan-African securities urities exchange would indeed be an excellent way v ^ ZY_b] b{ ^ Yzv\]`^ {Z{YbZz^ {Z{YbZz integration in Africa rica but that would `] [b`]^ \b {b YZ{j^ structural changes, as well as the acquisition of technology and infrastructure and Karim Hajji the harmonisation of regulatory, legal and accounting standards. Above all, such a project requires political will. It would be a long process but certainly advantageous over the long term. In the mean time, we can all work together to increase dual-listing or launch on Global depositary receipts for example, in order to develop our cooperation and the liquidity of our respective markets. What is the value of ASEA to Member Exchanges and where would you like to see ASEA in the next 5 years? ASEA was founded with the aim of establishing mutual cooperation and exchange of information among its African member countries. An additional goal was to raise awareness of Africa’s securities exchanges among j_]^ zvdZz^ {Z{YbZz^ Yv~~[{bj|^ b{^ v`q]`^jv^ZF`ZYj^xvj]{jbZz^b{ ]\jv`\} This was the main reason for establishing the FTSE ASEA panAfrica index series in partnership with the FTSE Group. It is expected that ASEA will see a rise in its membership, enabling it to achieve ever closer integration between Africa’s securities exchanges. .Casablanca Stock Exchange is one of the oldest Exchanges in Africa. Comment on the achievements and outlook for the Exchange. The Casablanca Stock Exchange was established in 1929. It has since undergone a number of reforms, the most important one being in 1993 which transformed it into the exchange that we recognise today. The stock market has grown over the years. The

number of companies listed on the Exchange has risen from 53 in 2004 to 77 in 2012, an increase of 45.2%. Total market capitalization rose by 114.9% from MAD207bn to AD445bn over the same period. Between 2007 and 2012, MAD96.3bn was raised on the Exchange through debt and equity. In 2011, issuance amounted to 2.25% of GDP, a level which has remained relatively stable since 2007. The Parliament is currently examining a series of regulatory reforms, which, when adopted, will help boost the market. These include the introduction of a number of measures aimed, in particular, at developing the futures market. The Casablanca Stock Exchange

It has since undergone a number of reforms, the most important one being in 1993 which transformed it into the exchange that we recognise today.

is also working g with a number of stakeholders towards tow developing a clearing g house for derivative products as well as introducing introdu a new trading system. y New legislation leg g authorising securities lending/borrowing lend was recently y passed. p pas A number of other marke market related bills are in the pipeline. p pipeline p The Casablanca Ca Finance City y project p j proj will also be positive p for f the Casablanca Stock Exchange Ex as it will ZF`ZYj^b{j]`{Zjbv{Zz^b{ ]\jv`^ ZF`ZYj^b{ interest and foster an ecosystem y with investment banks, advisors, lawyers, fund managers, which help p further improve liquidity liquidi and develop IPOs. Are they th any caps on foreign investors? What is the ratio ra of domestic to foreign investors? in In 2012, 2012 foreign investors accounted for 14per cent of volume on the central market. ]`^ j_]^ xZ\j^ ]^ |]Z`\ ^ foreigners g accounted acc for 29 per cent of total market m capitalisation. The Casabla Casablanca Stock Exchange is able to provide African companies com with the capital necessary for their growth. _]^ dvFv~^ zb{]^ is that there are no constraints on foreigners when investing in securities listed on the Casablanca Stock Exchange. What measures are being undertaken at the Bourse de Casablanca to increase investor education? The Casablanca Stock Exchange bq]{jb ]q^ b{ ]\jv`^ ]q[YZjbv{^ Z\^ Z^ strategic priority several years ago. We have a Stock Exchange School within the Exchange. Each year, the Stock Exchange School conducts 50 or so training seminars and conferences aimed at a very wide audience including groups of students, individuals, bank sector employees and others. These training seminars explain in simple terms how the stock market works, its role in the wider economy, the various stock market products available to investors and how to invest in the stock market. The Stock Exchange School now has its own website in order to reach out to as many people as possible. We are also a member of the Global Money Initiative, having participated in the launch of the Wikia-Operation HOPE Global Money Initiative (WHGMI). “Banking on Our Future” b\^Z{^v{zb{]^ {Z{YbZz^zbj]`ZY|^b{bjbZjb ] ^ founded by Mr. John Hope Bryant. It enables people in low-wealth communities to learn about the language of money in as many as j_b`j|^qbD]`]{j^zZ{ [Z ]\} We have also teamed up with Injaz Al Maghrib, a member of Junior Achievement Worldwide, in launching “The Stock Market in action”. This educational programme enables Moroccan high school \j[q]{j\^ jv^ ZY [b`]^ {Z{YbZz^ zbj]`ZY|^ and knowledge about the stock ~Z` ]j^ Z{q^ vj_]`^ {Z{YbZz^ x`vq[Yj\^ in a simple and fun way.

62

SUNDAY NEWSWATCH, JULY 27, 2014

MOTORING

FRIDAY EKEOBA friday.ekeoba@mydailynewswatchng.com

Mercedes-Benz S550 plug-in hybrid

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ercedes-Benz nz has revealed that its new superp economical al S550 Plug-in g Hybrid sedan dan will ggo on \Zz]^zZj]`^b{^™š›œ^Zj^Z^x`bY]^j_Zj^vAYbZz\^ `bY]^j_Zj^vAYbZz\^ from the German carmaker maker suggests gg would be close to $100,000, positioningg 000, p it slightly above the existing $94,400 S550 sedan. Set to make its public lic debut at the Paris Motor Show in October, the ˜`\j^ ]`Y]q]\‰ ]{Â&#x;^q]qbYZj]q^ qbYZj]q^ plug-in hybrid model uses a new parallel gasolineneelectric drive train thatt is claimed to net the big luxury sedan combined cycle consumption of 84 mpg (U.S.) on the European test cycle while providing it with a zero-emissions electric range of more than 20 miles. At the heart of the plush four-door is the he Mercedes twin-turbocharged charged g 3.0-liter V6 direct-injection ection gasoline g engine. The 90-degreee unit, unit already ˜F]q^ jv^ Z^ `Z{€]^ v„^ `]Y]{j^ ~vq]z\‚^ including the recently unveiled £šš‚^ƒbYƒ\^v[j^¤Â™½^_x^Z{q^¤ÂœÂ›^zd‰(^ of torque. The fuel engine is supported by a disc-shaped electric motor mounted within the forward section of the S550 Plug-In Hybrid’s standard seven-speed automatic gearbox. The brushless ~vjv`^q]zb ]`\^›š¢^_x^Z{q^™œ›^zd‰(^v„^ torque. The electric motor draws energy „`v~^ Z{^ ½}¢Â‰Âƒ ž_^ zbj_b[~‰bv{^ dZF]`|^ ~v[{j]q^ ‡bj_b{^ j_]^ ÂŽvv`^ v„^ j_]^ j`[{ƒ‚^‡_bY_^b\^`]q[Y]q^d|^ÂŁ}½^Y[‰(^b{^

YZxZYbj|^‰‰^„`v~^Z^\jZ{qZ`q^›½}¢^Y[‰(^ jv^›¤}Âş^Y[‰(}^ _]^`]Y_Z`€]^jb~]^b\^™}Âœ^ hours. Altogether, the gasoline engine and electric motor provide Mercedes-Benz’s latest hybrid model with a combined

system v[jx[j^ v„^ £¤´^ _x^ Z{q^ £¢º^ zd‰(^ v„^ torque. By comparison, the standard S550 sedan’s twin-turbocharged 4.7-liter V8 direct injection fuel engine ƒbYƒ\^v[j^ÂŁÂŁÂş^_x^Z{q^œ›´^zd‰(}^ _]^ existing S400 Hybrid, which uses a mild hybrid set-up that combines a naturally aspirated 3.5-liter V6 direct injection fuel engine and electric motor, boasts a combined system v[jx[j^v„^¤ÂšÂ™^_x^Z{q^™¢¤^zd‰(} _]^ ]z]Yj`bY^ ~vjv`‚^ dZF]`|^ Z{q^ associated power electronics of the S550 Plug-In Hybrid add 440

pounds to the curb weight of the new car, taking it to 4,718 pounds. The hybrid system operates b{^ „v[`^ qbD]`]{j^ ~vq]\ ^ _|d`bq‚^ e-mode, e-save and charge, allowing the driver to choose between fuelelectric or pure electric running ‡_]{^ j_]`]^ b\^ \[AYb]{j^ dZF]`|^ charge. A further innovation is a so-called haptic accelerator pedal, which vibrates when sensors detect Z^\x]]q^qbD]`]{jbZz^jv^Z^\zv‡b{€^YZ`^ ahead to prompt the driver to slow qv‡{^„v`^Zqq]q^]AYb]{Y|}^

MercedesBenz claims the S550 Plug-In Hybrid accelerates from 0 to 62 mph in 5.2 seconds and reaches a top speed limited to 155 mph. The big new sedan averages CO2 emissions of just 105g/mile. As a point of reference, the existing S400

Hybrid, which uses a mild hybrid system, with a comparatively small 0.9-kW/h lithiumbv{^ dZF]`|‚^ Z{q^ qv]\^ without plug-in recharging, returns a claimed 37.3 mpg (U.S.) and 237 g/mile. In e-mode, the new Mercedes-Benz is claimed to possess a zero-emissions range of 20.5 miles. This will be extended in selected countries, including China, through the use of a zZ`€]`‰YZxZYbj|^ dZF]`|^ jv^ ~]]j^ various regulations, according to Joachim Schommers, head of engine development. Following its debut in the S550 Plug-In Hybrid, Mercedes-Benz’s latest fuel-electric hybrid system is planned to make its way into new GL550 Plug-In Hybrid and ML550 Plug-In Hybrid models in 2015.

Mazda unveils all-new 2016 Mazda 2 BMW 3-series, M3 hit with airbag recall ...575,000 BMW models from 2000-06 included

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MW is recalling nearly 600,000 3-series and M3 models from 20002006. In certain cars, a safety defect in the passenger front airbag could produce internal pressure, causing j_]^ b{ÂŽZjv`^ jv^ `[xj[`]^ v{^ deployment. BMW says that in the event of a crash, metal fragments could strike the passenger or other occupants. Z`\^ ZD]Yj]q^ b{Yz[q]^ j_]^

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azda has been on a roll lately. The Mazda 3 and Mazda 6 are arguably the best cars to buy in their respective segments. The Mazda CX-5 is v{]^v„^j_]^d]F]`^\~Zzz^Y`v\\v ]`\^v{^j_]^ market, and the Mazda Miata is, well, it’s the Miata. With no intention of slowing down, Mazda unveiled the production version of its fourth-generation Mazda 2, based on the previous Hazumi concept shown at this year’s Geneva motor show.

j^ Yv~]\^ Z\^ zbFz]^ \[`x`b\]^ j_Zj^ j_]^ production 2 looks almost exactly like the Hazumi concept that previewed it. In other words, it means that the Mazda2 looks damn good. Running with the Kodo design language of other current Mazda models, the 2 adopts the front grille treatment of its larger siblings, and carries a surprisingly great stance for such a small car. This is thanks in large part to the success of the vehicle’s body lines, similar to larger Mazda models, which manage

to look natural on a car with such small proportions. The 2016 Mazda 2 will be coming to the market later this year. Mazda has announced that the 2 will come with a 1.3-liter gasoline and 1.5-liter clean diesel engine for the Japanese market, while U.S. engine options will be announced at a later date. If the Mazda 2 follows in the footsteps of other Mazda models, then this should be one fun sub-compact.

2000-2005 3-series sedan, 20002006 3-series coupe, 2000-2005 3-series sports wagon, 20002006 3-series convertible and the 2001-2006 M3 coupe and convertible. BMW will notify owners and dealers, and will replace the airbag where necessary. Notices will be mailed to owners in August; the recall is expected to begin in October, when the supply of parts is available.

63

SUNDAY NEWSWATCH, JULY 27, 2014

PERSONAL FINANCE WEALTH

The burden of financial pressure Money Matters

Adebayo Adeleke =@B?4=9AI4BA;546=ADLW@C99N?9E

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hile sharing my thoughts on the subject of money with thousands of people over the last ten years, a particular acronym has come to stay. Good enough, my audience everywhere appeared to have fallen in love with it. It is called GSM-U. It is a very simple, easy to remember acronym. It is easy to remember because everyone can relate with the phenomenon called wireless telephony. Practically everyone carries a gsm handset around nowadays. Before exploring the concept and details of GSM-U, let me �[bYƒz|^ \_Z`]^ ‡bj_^ |v[^ b{^ j_b\^ ‡`bj]^ [x‚^ Z^ ‡bF|^ d[j^ x`v„v[{q^ opposite of GSM-U. It is another acronym I recently developed. It is called GAU. Both GSM-U and GAU are \[~~Zjbv{\^v„^x]vxz]\^ZFbj[q]^jv^ the subject of money, particularly how people handle money. While GAU is descriptive, GSM-U is prescriptive. What is GAU? It simply means: Get And Use. {^ `]zZjbv{^ jv^ ~v{]|^ ~ZF]`\‚^ ^ means get the money, A stands for and while U means use the money. Put together, GAU means get and use the money. But in South Western Nigeria, the word ‘gau’ is also a common expression when someone enters

a trap or big trouble. It is used jv^ q]\Y`bd]^ Z^  ]`|^ qbAY[zj^ v`^ complex situation where rescue may be foreclosed. \^Z^˜{Z{YbZz^Yvb{Z€]‚^Z{|v{]^ that has a disposition to always get and use money would enter €Z[^ĂĄ^Z^db€^˜{Z{YbZz^j`v[dz]}^ ]^ ‡v[zq^d]^j`Zxx]q^˜{Z{YbZzz|}^ ]^ would be caught in an endless Yb`Yz]^ v„^ ] ]`‰^ ‡v`ƒb{€‚^ ] ]`‰^ earning and ever- spending. He would never rest because he would never have enough. Therefore, he would never experience freedom from ˜{Z{YbZz^ x`]\\[`]\}^ _b\^ b\^ irrespective of increase in b{Yv~]}^ Z`ƒb{\v{‹\^ Z‡^ ”b{^ bj\^ ˜{Z{YbZz^ ZxxzbYZjbv{•^ \Z|\^ j_Zj^ expenses would always rise to meet income. Sadly, many people are ]{\{Z`]q^ b{^ j_b\^ ˜{Z{YbZz^ ~]\\}^ Nearly over 90% of the middle class is in this category. They labour only to pay the bills. They get money and spend it immediately on things that [zjb~Zj]z|^ qv{‹j^ ~ZF]`}^ ^ ~]Z{^ j_b{€\^j_Zj^qv^{vj^Zqq^\b€{b˜YZ{j^ value to their lives. Some jZƒ]^ ]ˆx]{\b ]^  ZYZjbv{^ j_Zj^ b~~]qbZj]z|^ \]{q^ j_]~^ dZYƒ^ jv^ zZdv[`^ ˜]zq}^ _]b`^ Zxx]jbj]^ for consumption is insatiablefurniture, electronics, shoes, phones, cars etc etc. The GAU people have started living above their income by

mortgaging future earnings. They now buy perishable things and pay over the next few months. They mount up bills and put themselves constantly under j_]^d[`q]{^v„^˜{Z{YbZz^x`]\\[`]} ^zvj^v„^dZ{ƒ^\jZD^Z`]^Y[``]{jz|^ in this situation. They are in \]`bv[\^ x]`\v{Zz^ ˜{Z{YbZz^ ~]\\}^ This also accounts for increasing `Zj]^v„^„`Z[q^b{^j_]^dZ{ƒb{€^\]Yjv`} They have entered gau. They are ensnared by their money ZFbj[q]}^ _]b`^ ~v{]|^ x`vdz]~^ qv]\^ {vj^ Yv~]^ „`v~^ zZYƒ^ v„^ b{Yv~]^ v`^ b{\[AYb]{Y|^ v„^ b{Yv~]}^ j^ Yv~]\^ „`v~^ zZYƒ^ v„^ [{q]`\jZ{qb{€}^ ZYƒ^ v„^ xv\bjb ]^ ZFbj[q]^ b{^ _Z{qzb{€^ ~v{]|}^

Poor man advised his rich friend who was “over spraying cash� at a party to be cautious. In response, the rich friend held a currency note up to his face and asked his friend to read the inscription on it.

ZYƒ^v„^[{q]`\jZ{qb{€^v„^~v{]|^ management manifests in b~x`vx]`^ ˜{Z{YbZz^ d]_Z bv[`\}^ These behaviours soon form a xZF]`{}^ ]_Z bv[`Zz^ xZF]`{\^ over a period of time become Z{^ ZFbj[q]}^ _b\^ ZFbj[q]^ j_]{^ q]˜{]\^j_]^˜{Z{YbZz^Y_Z`ZYj]`^v„^ a person. ZYƒ^v„^˜{Z{YbZz^[{q]`\jZ{qb{€^ has given birth to get and use ZFbj[q]} I recall a very funny dialogue between two characters in a very popular Yoruba play. The play Š v{^`v^x]^‡]`]^{bÂ?^‡Z\^‡`bF]{^ by the literary icon, Adebayo Faleti. In the play, a poor man advised his rich friend who was “over spraying cashâ€? at a party to be cautious. In response, the rich friend held a currency note up jv^ _b\^ „ZY]^ Z{q^ Z\ƒ]q^ _b\^ „`b]{q^ to read the inscription on it. The poor friend was an illiterate. The `bY_^~Z{^\Zbq ^ j^b\^‡`bF]{^_]`]‚Â?^ money is meant to be spent.â€? The irony is even the rich man ‡Z\^Zz\v^Z{^bzzbj]`Zj]^zbƒ]^_b\^xvv`^ friend. ^ zvj^ v„^ x]vxz]^ d]_Z ]^ zbƒ]^ this rich illiterate. They share the same worldview about money. They all say: money is to be \x]{j}^ _]|^ Zzz^ \[D]`^ „`v~^ €Z[^ syndrome. ]j^ Z{q^ [\]^ ZFbj[q]^ b\^ descriptive. That is the current status of many. We can and should ~v ]^jv^d]F]`^[{q]`\jZ{qb{€^v{^ ~v{]|^~ZF]`\} Adebayo Adeleke is the Managing Director and Chief T4?;A>I47 ,?457 @B?4=9A7 4BA;5467 >E>A4DV7 @7 54@=7 46A@A47 @BD7 >BI46AE4BA7 ?9E:@BWN7 47 C@67 <44B7 @7 ?C@>5E@B7 987 @;D>A7 ?9EE>.4467 987 E@BW7 X;9A4D7 ?9E:@B>46N7 4=7 YZY[[[\][^_V7 YZ`[Z[`]p]\7 4qE@>=7 =@B?4=9AI4BA;546=ADLW@C99N?9E

Getting rich by certain way Chidozie Christian Okoko

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apital can mean many things. j\^ \x]Yb˜Y^ definition depends on the context in which it is used. But, in general, it refers jv^ ˜{Z{YbZz^ `]\v[`Y]\^ available for use. The €]Fb{€^v„^bj^b\^Z^xZ`j^v„^j_]^ x`vY]\\^ v„^ €]Fb{€^ `bY_–^ and it is a part of the result which invariably follows the doing of things in a certain way. Nobody is prevented „`v~^ €]Fb{€^ `bY_^ d|^ zZYƒ^ of capital; if you begin to do things in a certain way, {v^ ~ZF]`^ _v‡^ xvv`^ |v[^ may be, you will begin to have capital. These certain way could be the way you approach your customers, the way you handle your products, \]` bY]\^ v`^ ] ]{^ j_b{ƒ}^ „^ you have no capital, you can get capital; if you are in the wrong business,

you can get into the right business; if you are in the wrong location, you can go to the right location; if you are in the wrong thought, you can be in the right thought. Having seen that it is not Z^ ~ZF]`^ v„^ ]{ b`v{~]{j^ or location that counts for something as seen in my previous article of 25th Z|‚^ ™š›£–^ €]Fb{€^ `bY_^ also involves whole lots of necessity in dealing with people and their behaviour. If anyone in your town can get rich, so you can get rich as well. Wealthy people possess prosperity consciousness, that is, they have perspectives and habits that help them rich. Developing that prosperity consciousness b\^j_]^˜`\j^\j]x^jv^˜{Z{YbZz^ independence. And, becoming rich depends on sharing the right habits

Z{q^ jZƒb{€^ j_]^ Yv``]Yj^ steps over and over again; it is no accident. No wonder people who ZFZb{^ ]ˆY]zz]{Y]^ ”Z{q^ money) have a “result orientation� That is to say, they focus on behaviour that gets them desired outcome, and they do not get distracted. In fact, the odds are against you if you intend to become rich, ZFZb{^ Z^ _b€_]`^ z] ]z^ of prosperity, without having to do more than you merely wish for it. So, you must discipline |v[`\]z„‚^ |v[`^ ZFbj[q]\‚^ your habits and your behaviours. [j‚^ b„^ |v[^ „]]z‚^ j_b{ƒ^ and do the right things over and over again, you will achieve your ambition. So, it is not Z^ ~ZF]`^ v„^ Y_vv\b{€^ Z^ particular business or profession; people get rich in every business and in every profession. Your next door neighbours in the same vocation can remain in poverty while you are rich. Studies gathered that you can do well in

d[\b{]\\^ ‡_bY_^ |v[^ zbƒ]^ ”Z{q^_Z ]^xZ\\bv{^„v`•^Z{q^ which is congenial to you; and if you have certain talents which are welldeveloped and exposes the best experiences in those business with the exercising of those talents then, you can do well in that business which is suited to your locality. You may be the poorest person in the continent, deeply in debt; you may neither have friends, b{Ž[]{Y]^ {v`^ `]\v[`Y]\‚^ but if you begin to do things in this certain way, you must infallibly begin to get rich. Indeed, you can begin in your present business and in your present location to do things in the certain way which eventually may cause success. From the above points, I must come to the Yv{Yz[\bv{^ j_Zj^ €]Fb{€^ `bY_^b\^j_]^`]\[zj^v„^€]Fb{€^ things done in a certain way. Courtesy: Chidozie Christian Okoko >67 ?9q@;AC957 987 AC47 <99KV7 >B@B?>@=7 ;A95>@=|7 >56A7 >D7 54@AE4BA7 A97 9B4W7 59<=4E6N7 9BA@?A6|7 YZY_p]\}_ppV7 ?C>D9?C5>69~9B4J9=DL W@C99N?9EN7

& WISDOM

with Lanre ‘Inspirati’ Oyetade 08039428648 (SMS only) lanre.oyetade@mydailynewswatchng.com

!"# $%& ' " (%& ") % $' —Dante

About swindlers in ‘business’ cloaks

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64

SUNDAY NEWSWATCH, JULY 27, 2014

GLOBAL BUSINESS

Russia moves to cripple social media William Anaebonam with agency report

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resident Vladimir Putin had signed a law, requiring Internet companies to store all personal data of Russian users at data centres in Russia, a move which could chill criticism on foreign social networking sites like Facebook Z{q^ ‡bF]`}^ _]\]^ Yv~xZ{b]\‚^ ‡_bY_^ qv^ {vj^ _Z ]^ vAY]\^ b{^ [\\bZ‚^ _Z ]^ become a vital resource for opposition groups and refuse to hand over user qZjZ^jv^€v ]`{~]{j\}^ _]^[\]^v„^ [\\bZ{^ data centres would make them and other Internet companies subject to Russian laws on government access to b{„v`~Zjbv{}^ The Kremlin said the law was aimed at “improving the management of personal data of Russian citizens on computer networksâ€? and that companies which do not comply with the legislation would be

dzvYƒ]q}^ Lawmakers who introduced the bill had complained that data stored abroad was at risk of being hacked and stolen by Y`b~b{Zz\}^ The law could also cause problems for Russian companies such as tourism websites and airlines that rely on foreigndZ\]q^v{zb{]^dvvƒb{€^\]` bY]\}^ Russia’s Association of Electronic Communication (RAEC), a group that lobbies on behalf of Internet companies,

warned earlier this month that “many global Internet services would be b~xv\\bdz]�^[{q]`^j_]^{]‡^zZ‡}^ Internet companies have also warned that the two years before the measures Yv~]^b{jv^„v`Y]^b\^{vj^\[AYb]{j^jb~]^„v`^ j_]~^ jv^ ˜{q^ v`^ d[bzq^ qZjZ^ Y]{j`]\^ v{^ ‡_bY_^jv^\jv`]^j_]^qZjZ}^ The Internet data law comes amid a number of measures cracking down on public dissent in Russia, including b{j`vq[Yb{€^ ‘Zbz^ j]`~\^ v„^ [x^ jv^ ˜ ]^

years for repeated participation in unsanctioned protests and restrictions on the activities of non-governmental v`€Z{b\Zjbv{\}^ It is also in line with other recent Internet restrictions, including a requirement for bloggers to register as media if they have more than 3,000 followers and a law directed against “extremistâ€? language that could see [\\bZ{\^€v^jv^‘Zbz^„v`^[x^jv^˜ ]^|]Z`\^„v`^ `]j‡]]jb{€^ŠvD]{\b ]Â?^b{„v`~Zjbv{^

Opponents call for halt to fracking

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South African environmental group renewed its call for a moratorium on shale-gas fracking, as the government moves closer to a decision on whether to allow the process opponents say b~x]`bz\^‡Zj]`^�[Zzbj|}^ The Treasure Karoo Action `v[x‚^ {Z~]q^ Z(]`^ j_]^ \]~b‰ desert area of South Africa j_Zj^ _Z\^ ZF`ZYj]q^ x]j`vz][~^ exploration companies, started in Johannesburg the latest phase of a campaign to block the drilling

j]Y_{b�[]}^ An April 2011 moratorium placed on shale-gas exploration in South „`bYZ^]{q]q^b{^ ]xj]~d]`^™š›™}^ The government on October 16 published proposed regulations for hydraulic fracturing as it seeks to tap as much as 390 trillion cubic feet of `]\v[`Y]\^b{^j_]^ Z`vv}^ Opponents of fracking, which blasts water, chemicals and sand into rock to release natural gas, say bj^`b\ƒ\^Yv{jZ~b{Zjb{€^€`v[{q^‡Zj]`}^ Royal Dutch Shell is among explorers to have applied for permits

jv^]ˆxzv`]^j_]^ Z`vv}^ South Africa, which imports ¢Âš^ x]`Y]{j^ v„^ bj\^ Y`[q]‰vbz^ {]]q\‚^ estimates shale gas may generate 1 trillion rand of sales within three decades, helping to bring it closer to \]z„^\[AYb]{Y|}^ Energy Minister Tina Joemat ]F]`\\v{^ \Zbq^ j_]^ q] ]zvx~]{j^ of shale gas “can’t be dismissed,â€? ZYYv`qb{€^jv^Z^j`Z{\Y`bxj^v„^Z^\x]]Y_}^ “Our government has adopted a cautious and responsible approach that seeks to understand the risks to j_]^]{ b`v{~]{j^xv\]q^d|^„`ZYƒb{€}

L-R: Group Head, Coral Banking, Heritage Bank, George Oko-Oboh; Executive Secretary/CEO, National Health Insurance Scheme (NHIS), Dr. Femi Thomas and Executive Director, Heritage Bank, Niyi Adeseun, during the launch of the NHIS Mobile Health Insurance Scheme in Lagos.

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il price has risen on geopolitical tensions fuelled by a warning of tougher sanctions against Russia and ˜]`Y]^˜€_jb{€^b{^ ZÂ&#x;Z‚^j`Zq]`\^ \Zbq}^ Brent North Sea crude for delivery in September climbed ´£^ Y]{j\^ jv^ \jZ{q^ Zj^ 㛚½}¤Â™^ Z^ dZ``]z^b{^ v{qv{^~bqqZ|^q]Zz\}^ US benchmark West Texas Intermediate (WTI) for August b{Y`]Z\]q^ ¤£^ Y]{j\^ jv^ 㛚£}º¤^ a barrel compared with v{qZ|‹\^Yzv\b{€^ Zz[]}^ “The crises in Ukraine and j_]^ ZÂ&#x;Z^ j`bx‚^ Yv[xz]q^ ‡bj_^ the risk of tougher economic sanctions against Russia, caused oil prices to climb,â€? said

Oil prices rise analysts at Commerzbank in a {vj]^jv^Yzb]{j\}^ EU foreign ministers tackled tougher Ukraine crisis sanctions against Russia, divided as to how far to go and with Britishled calls for an arms embargo x[Fb{€^ `Z{Y]^v{^j_]^\xvj}^ The downing of Malaysia b`zb{]\^ÂŽb€_j^ ›¢^zZ\j^‡]]ƒ‚^ allegedly by pro-Moscow rebels using Russian equipment, has changed the situation completely and requires a much tougher response, said Britain’s _bzbx^ Z~~v{q}^ _]^ qv‡{b{€^ v„^ j_]^ ›¢^ ÂŽb€_j^ v ]`^ `]d]z^ j]``bjv`|^ b{^

Ukraine has put Moscow’s support of the separatists under more scrutiny than ever amid allegations the plane was blasted out of the sky with a Russian\[xxzb]q^~b\\bz]^\|\j]~}^ Russia is the world’s secondbiggest oil producer and there are fears that tougher sanctions Yv[zq^ZD]Yj^j_v\]^\[xxzb]\}^ Ukraine is also a major conduit for Russian gas exports jv^ [`vx]}^ Regarding the crude-rich Middle East, the UN chief and Washington’s top diplomat were _vzqb{€^Z^Ž[``|^v„^~]]jb{€\^b{^ Cairo to push for an end to two

‡]]ƒ\^v„^ bvz]{Y]^b{^ ZÂ&#x;Z^j_Zj^ _Z\^ƒbzz]q^Âœ½Âœ^ Zz]\jb{bZ{\}^ \^ j_]^ Yv{ÂŽbYj^ ]{j]`]q^ its third week, neither side showed any sign of willingness to pull back, with Israel pursuing a relentless campaign of shelling and air strikes, and Zz]\jb{bZ{^ ~bzbjZ{j\^ _bFb{€^ dZYƒ^‡bj_^`vYƒ]j^˜`]^Z{q^˜]`Y]^ ZFZYƒ\^v{^j`vvx\^vx]`Zjb{€^v{^ j_]^€`v[{q}^  ]`Zzz‚^ ™¢^ \`Z]zb^ \vzqb]`\^ have died in the past four days, with 13 killed on Sunday alone in what was the bloodiest single day for Israel’s military \b{Y]^j_]^ ]dZ{v{^‡Z`^v„^™šš´}

China to loan $4bn to Venezuela in exchange for oil

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hina will provide Venezuela with a new $4billion credit line under an agreement, with the money to be repaid by oil shipments from ^~]~d]`^ ]{]Â&#x;[]zZ} The deal was inked during a 24-hour visit to Venezuela by Chinese President Xi Jinping, ‡_v^b\^v{^Z^jv[`^v„^ Zjb{^ ~]`bYZ} The money will go into the Joint Chinese-Venezuela Fund, which focuses on infrastructure and economic development in j_]^ v[j_^ ~]`bYZ{^Yv[{j`|} President Nicolas Maduro said the Venezuelan government would also put $1-billion into the „[{q‚^ j_v[€_^ vAYbZz\^ zZj]`^ \Zbq^ j_Zj^Z~v[{j^‡Z\^b{^„ZYj^㙉dbzzbv{} The government said the fund has about $40billion in it, though it was not clear if that included the amounts covered by the Z€`]]~]{j} AYbZz\^ \Zbq^ j_]^ Y`]qbj^ ‡v[zq^ be repaid by shipments of about 100,000 barrels per day of crude vbz^Z{q^x`vq[Yj\} Under the leadership of late socialist President Hugo Chavez, Venezuela vastly expanded its use of loan-for-oil agreements with China, which helped ease \j`]jY_]q^ \jZj]^ ˜{Z{Y]\^ ‡_bz]^ Zz\v^ b~x`v b{€^ j_]^ YZ\_^ ÂŽv‡^ v„^ \jZj]^vbz^Yv~xZ{|^ } President Maduro, who won ]z]Yjbv{^ zZ\j^ |]Z`^ Z(]`^ _Z ]Â&#x;^ died from cancer, has continued j_Zj^xvzbY|} Š j‹\^ Z^  b`j[v[\^ ”˜{Z{Yb{ۥ^ formula which does not create v{]`v[\^ q]dj\‚Â?^ Zq[`v^ \Zbq}^ “We’ve reached the point of no return in a deep relationship with _b{Z}Â? PDVSA said Venezuela is now sending about 524,000 bpd to _b{Z‚^Z^˜€[`]^]ˆx]Yj]q^jv^`b\]^jv^ ›^~bzzbv{^dxq^d|^™š›´} Bilateral trade between Venezuela and China has soared to 㛺}™‰dbzzbv{^ Z{{[Zzz|‚^ Yv~xZ`]q^ with just $183-million in 1998, the year Chavez came to power, vAYbZz\^\Zbq} Chinese entities participate in transport, housing, education, electricity, communication and vehicle-assembly projects in ]{]Â&#x;[]zZ} “The Chinese economy continues along solid development zb{]\^ Z{q^ b\^ b{^ ˜{]^ Yv{qbjbv{^ jv^ ƒ]]x^€`v‡b{€‚Â?^\Zbq^ b{xb{€}^ “China will be a co-operation partner for all countries of the ‡v`zq^zbƒ]^ ]{]Â&#x;[]zZ}Â? Among 38 accords signed was also a memorandum of understanding for China’s EximBank to lend $1-billion to PDVSA, an agreement for mineral exploration, the purchase of 1,500 Chinese buses and the creation of Z^{]‡^Y]~]{j^„ZYjv`|} Venezuelan opposition politicians say much of China’s loans in the last 15 years have been wasted amid corruption, b{]AYb]{Y|^ Z{q^ zZYƒ^ v„^ j`Z{\xZ`]{Y|^b{^x[dzbY^„[{q\} “If we are the country with the world’s biggest oil reserves, why do we have to indebt ourselves with China?â€? asked one opposition leader, Henrique Capriles, via ‡bF]`‚^ q]~Z{qb{€^ b{„v`~Zjbv{^ and accountability on a series of _b{Z‰„[{q]q^x`v‘]Yj\}

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