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3

SUNDAY NEWSWATCH, OCTOBER 5, 2014

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4

SUNDAY NEWSWATCH, OCTOBER 5, 2014

NEWS

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5

SUNDAY NEWSWATCH, OCTOBER 5, 2014

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NEWS

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6

SUNDAY NEWSWATCH, OCTOBER 5, 2014

NEWS

South West

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8

SUNDAY NEWSWATCH, OCTOBER 5, 2014

FOREIGN NEWS

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

* =*%=* = 7= * =*%=* = 3 = "%$ =- * =* = %(# (= &+*/=)& ! (=% = * = $+ = * * = %+) =% = )) # "/7= (= & = %6 3+( $ = * (= * %$7= *+!&%= - )= % = - * = * = $ )* (= % = $* ( %(7= %#( = = %(%7=- %= %## $ = * = !&% += $ = %= %(= % $ $ = * = - $$ $ =&%" * "=& (*/6

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25

SUNDAY NEWSWATCH, OCTOBER 5, 2014

ARTS & REVIEW Financial liberation: Key to human existence with Bukola Bakare bukola.bakare@mydailynewswatchng.com 08034198320

Title: Inspired Keys to Financial Freedom Author: Lanre Oyetade Publisher: The Inspirati Academy Reviewer: Bukola Bakare

E

ver heard of the phrase: “Money makes the world go roundâ€?? In other words, the consensus of opinion YZ[ \]^\[ ]_`^b[ bjjqZ[ ^xj[ zEjb[ insatiable; there is the need for people to liberate themselves from \]j[Z]^}~ jZ[z€[ b^b}Y^ [‚zƒjx\„[Â…Y€[ one can succinctly put it like that). Perhaps, with this at the back of his mind, the author of the book, Inspired Keys to Financial Freedom, who is also the Editor, Sunday Newswatch, Olanrewaju „j\^qjÂ’[ zBjxZ[ xj^qjxZ[ Zz`j[ nuggets on how they can be  b^b}Y^ „[€xjj“[ ]j[”zz~[}z`jZ[zb[ the heels of an earlier one, Inspired Keys to Successful Achievement, which were both presented to the public in August at a successful launching ceremony. ]j[ ^–^xq—–YbbYb˜[ ^_\]zxÂ’[ –]z[ YZ[ ^[ \–z—\Y`j[ xj}Y‚Yjb\[ z€[ the Nigerian Media Merit Award …™šš›[^bq[™ššœ[xjZ‚j}\Yƒj „Â?Â’[}^ Z[ the book: “A priceless collection on wealth creation, management and preservation.â€? In a bid to vividly depict the title, the front cover of the book, which j`‚ z„Z[\]xjj[`^Yb[}z z_xZ[ƒYž—^— viz white, blue and black, shows a picture of an individual being €xjjq[€xz`[^[}^˜j“[ ]YZ[˜x^‚]Y}^ „[ represents freedom. [ [ Ejx[ ^[ ”xYj€[ YbZY˜]\[ Yb\z[ \]j[  Â›ÂšÂ—‚^˜j[ ”zz~Â’[ \]j[ ^_\]zx[ Z\^x\Z[ with an acknowledgement page, following it up with a table of

POETRY Friends for Life We are friends I got your back You got mine, I’ll help you out Anytime! z[Zjj[„z_[]_x\ z[Zjj[„z_[}x„ Makes me weep And wanna die And if you agree z[bjƒjx[ ˜]\ \[–z_ qbÂľ\[`^ jx Who’s wrong or right If a broken heart Needs a mend I’ll be right there Y [\]j[jbq If your cheeks are wet From drops of tears Don’t worry Let go of your fears Hand in hand Love is sent, We’ll be friends Y [\]j[jbqĂ„Ă„Ă„Ă„ 01234567 87 94::2.

Optimism Let’s be optimistic If the planet were destroyed We’d be gone but so would all ]j[‚jz‚ j[–j[^ƒzYq 2;<92=7 >6?32>;0

contents page; divided into ZYÂĄ[ `^Yb[ Zj}\YzbZ[ Â… — Â?[ –Y\][ ^[ prologue at the end, which covers ^ [z€[\]j[¢Â™[}]^‚\jxZ“ He would follow this up with a brief but concise dedication page. Oyetade gets to business –Y\][ j}\Yzb[ [ \^˜˜jq¤[ ÂĽ ]j[ Principles’. Chapter one he calls Overcoming Limiting Money Beliefs. He borrows a quote from “[ ^xƒ[ ~jxÂ’[^[xjbz–bjq[^_\]zxÂ’[ businessman and motivational speaker known for his theories on wealth and motivation, who is the author of the book, ‘Secrets of the Millionaire Mind’. He stated that most people don’t know that there is a secret psychology to money. Hence, the reason why most ‚jz‚ j[ bjƒjx[ ”j}z`j[  b^b}Y^ „[ successful. “Lack of money is not the problem; it is merely a symptom of what’s going on YbZYqj[z€[„z_“[ ~jx[Z\^\jZ[Â… ˜“ Â? Moving on, Oyetade says limiting beliefs are thoughts imagined in one’s consciousness, jY\]jx[\z[\]j[jBj}\[\]^\[Zz`j\]Yb˜[ ˜zzq[YZ[qYJ}_ \[zx[Y`‚zZZY” j“[ j[ goes on to say that when applied \z[ `zbj„[ `^ jxZÂ’[ Zz`j[ ‚jz‚ j[ believe that they are not capable of paying the price necessary \z[ ”j[ \x_ „[ –j^ \]„“[ ]j[ ^_\]zx[ shares his personal experience about limiting money beliefs and ‚xzBjxZ[ Zz _\YzbZ[ zb[ ]z–[ ‚jz‚ j[ can overcome them. He says: “Don’t let your thoughts limit „z_ÂŻ j\[\]j`[j`‚z–jx[„z_ÂŹ[Â… ˜“[ ›Â?“ He continues with chapter two, Why Seek Wealth?, where he states that money in itself is not an end, but the things that money can purchase such as good education, healthcare and all other basic bj}jZZY\YjZ[z€[ Y€j[Â… ˜“[ÂœÂ?“[ j[˜zjZ[ further to address the scourge of poverty, emphasising what it does to the psyche of an individual. b[ qYZ}_ZZYb˜[ ]z–[ \z[ Âąjj[ €xz`[ ‚zƒjx\„’[Â…}]^‚\jx[²Â?Â’[ „j\^qj[Z\^\jZ[ that being lazy and complacent will not help people achieve much in life. He goes on to borrow a leaf from Pastor Gbenga Efueye of the Victory Cathedral, who says that: “A lazy man will hardly witness the providential power of zqÂŹ[ Â… ˜“[   Â?“[ j[ Yqjb\Y jZ[ Z_}][ causes of poverty as complacency and laziness; drunkenness and ˜ _ zb„’[–xzb˜[^ZZz}Y^\YzbZÂ’[bzb— payment of vows and pledges, neglect of works of charity. ]^‚\jx[€z_x[\^ ~Z[^”z_\[ÂĽ Y`j— jZ\jq[ xYb}Y‚ jZ[ z€[ j^ \][ xj^\YzbÂľ[ –]Y j[ }]^‚\jx[  Âƒj[ is ‘About Financial Freedom’.

j[ qj bjZ[ Y\[ ^Z[ Âś\]j[ ^”Y Y\„[ \z[ sustain one’s living standard for a }zbZYqjx^” j[ jb˜\][ z€[ \Y`jÂŹ[ Â… ˜“[ 19). He further emphasises that zbjÂľZ[ jƒj [ z€[  b^b}Y^ [ €xjjqz`[ is dependent on the level of store of wealth one has while earning income, which does not necessarily have to be cash or bank balances only. Assets can also be turned into money in the long

run. Other chapters in this section include: ‘Understanding and Controlling your Money Habits’, ÂĽ [ –zx\]„[ `zqj ¾’[ ÂĽ ]j[ Yb^b}Y^ [ Security that you Deserve’ among others. Section B talks more on Savings –Y\][ }]^‚\jxZ[ Z_}][ ^Z[ ÂĽ ]j[ `‚jx^\Yƒj[ z€[ ^ƒYb˜¤[ ]j[ ]„’[ the How’. Here, Oyetade stresses the need for multiple streams of income. Going biblical, he uses the book of Genesis to illustrate how Pharaoh’s dream depicterd solution to the then imminent economic challenges of Egypt and calls them ‘Six Lessons from the ™šº[ ˜„‚\[ ^ƒjqÂľ[ Â… ˜Z“[ ›™—›¢Â?“[ ‘Winning Wealth’s Warfare’ and ‘Handling that Pay Rise Windfall’ xjZ‚j}\Yƒj „[€z z–[Z_Y\“[ ]j[ ^ jx[

Most people don’t know that there is a secret psychology to money. Hence, the reason why most people never become $%&%'(&))* successful

chapter talks about the need to invest in one’s self. Section C is broadly titled: ‘Wealth Creation and Management’. Here, Oyetade examines issues such as managing wealth through budgeting and the inherent troubles that come with lending. Y\][ ÂĽ ]j[ _xqjb[ ^ jq[ Debt’, he cautions on borrowing large sums of money for _b‚xzq_}\Yƒj[ _ZjZ[ –]Y j[ ÂĽ ]j[ Power of Investment’ espouses more on the need to invest. He cites the examples of bonds and stock markets, money market, real estate, entrepreneurship, education, et al. [[ ^~Yb˜[^[Âź_z\j[€xz`[\]j[˜zzq[ ”zz~Â’[ Âś j^ \][ ˜z jb[ ”„[ ƒ^bY\„[ shall diminish, but he that gathers ”„[ ^”z_x[Z]^ [Yb}xj^ZjÂŹ[Â… ˜“[½ Â?“[ Oyetade tells readers to be wary z€[ \]j[ ÂĽÂ˜j\—xY}]—Ÿ_Y}~Âľ[ Z„bqxz`j¾ž[ 419ners, wonder banks and the dangers inherent in them. He adds the old clichĂŠ here: “If it sounds too good to be true, then it ‚xz”^” „[YZÂŹ[Â… ˜“[½¢Â?“ Continuing, Oyetade calls Section D: ‘Planning Your j\Yxj`jb\Âľ[ ^bq[ ~Y}~Z[ zB[ –Y\][ }]^‚\jx[ ™œ’[ –]Y}][ \^ ~Z[ ^”z_\[ ÂĽ ƒzYqYb˜[ –Y Y˜]\[ Yb^b}Y^ [ YZ— ^ZjÂľ[Â…^Z[]j[‚_\Z[Y\Â?[^bq[€z z–Z[Y\[ up with ‘Retirement Planning’ and ÂĽ Yb^b}Y^ [ xjjqz`¾ž[ zBjxYb˜[ \Y‚Z[ zb[xj\Yxj`jb\[‚ ^bbYb˜[Â… ˜“[Ă€²Â?“ ]j[ ”zz~[ ^ Zz[ ˜YƒjZ[ ^b[ YbZY˜]\[ into micro and small scale businesses and brings to the fore the role of the Small and Medium Enterprises Development ˜jb}„[z€[ Y˜jxY^[Â… Â?[Yb[ transforming ideas and dreams into reality. With the rate of unemployment ^bq[ _bqjx—j`‚ z„`jb\[ Yb[ \]j[ society, the author dedicates a chapter to ‘Becoming Your Own

zZZÂľ[ Â… ˜“[  Âš Â?“[ b[ qzYb˜[ \]YZÂ’[ he says he has been privy to ideas from two books: Hauwa Audu’s ‘Can Every Nigerian be a Millionaire’ and Ladi Olatunji’s ÂĽÂœÂœ[ _ZYbjZZjZ[ z_[ ^b[ \^x\[^bq[ _b[ b[ z_x[ –b¾“[ ]j[`jZZ^˜jZ[ are clear: one shouldn’t go into a business simply because they \]Yb~[ Y\ÂľZ[ ^[ Z_xj[ `zbj„—Z‚YbbjxÂ’[[ but rather because it will involve doing the kind of work they love doing. Section E comes with the title: ‘Understanding the Stock Market’. Oyetade hinges on the need to invest in shares and stocks and advises people to learn how to analyse stocks. “Many investors in capital markets, especially in developing countries like ours, are prone to make investment decisions based on sentiments. Results have shown that decisions made on these foregoing bases `zxj[ zEjb[ \]^b[ bz\[ \_xb[ z_\[ bz\[ \z[”j[\]j[”jZ\ÂŹ[Â… ˜“[  Â™Â?“ On beating cheating stockbrokers, he urges people to be careful when picking their stockbrokers, to seek referrals, keep abreast of prevailing market prices, keep records, demobilise Z]^xj[}jx\Y }^\jZÂ’[YbZYZ\[zb[˜j Yb˜[ their stock positions and above all, always expose the wrong deeds of }xzz~jq[ Z\z}~”xz~jxZ[ Â… ˜Z“[  Â™¢Â—  Â™ÂœÂ?“ b[ \]j[  b^ [ Zj}\Yzb[ Â… j^ \][ Preservation), Oyetade shows the intricacies involved in Love, zbj„[ ^bq[ ^~Yb˜[ ^xj[ z€[ Dependants. In his view, every man must earn an honest living from his youth which is necessary to take care of his family in the future. More importantly, the need to teach children about money is also played out here because they are \]j[€_\_xj“[ z[\]YZ[jbqÂ’[]j[^qƒYZjZ[ parents to expose their children to Zz_bq[ ‚jxZzb^ [  b^b}j[ ‚x^}\Y}jZ[ or wholesome things they would –^b\[\]j`[\z[ j^xb[€zx[\]^\[`^ jx“[ In his opinion, this exposure should start from ages three and  Âƒj“[Âś j[`_Z\[”jÂź_j^\][\z[\]j`[^[ healthy overall wealth mentality,â€? Â… ˜“[ ²½Â?[]j[Z^„Z“ With the prologue, Oyetade asks the rhetorical question: Just How Wealthy Are You? He says certain keys are important \z[ YbqYƒYq_^ Z[ —[ ]j^ \][ …–]Y}][ YZ[ wealth), knowledge which gives light, honing the right skills, wealth of experience, assets, the need to build relationships, _\`zZ\Ă‚_bÂąYb}]Yb˜[ €^Y\][ Yb[ zqÂ’[ time management and of course, `zbj„[Â… ˜Z“[ ¢Â™Â— ¢¢Â?“ b[\]j[ b^ [^b^ „ZYZÂ’[]j[]^x‚Z[zb[ the fact that there is much more to wealth than money. He ends with ÂĽ [ zžjb[ Y‚Z[\z[ }\[zbÂľ[Â… ˜Z“[ ¢ÂœÂ—  ¢½Â?Â’[–]Y}][YZ[^ [^”z_\[qzYb˜[^[Zj €[ ^‚‚x^YZ^ [ ^”z_\[  b^b}Y^ [ –zx\][ and the future ahead. Inspired Keys to Financial Freedom may come across as a bit complex to readers who do not readily ~bz–[ }jx\^Yb[  b^b}Y^ [ xj˜YZ\jxZ[ the author used to convey his messages, however, it is laced with salient tips for those willing to liberate themselves from poverty ^bq[Zj}_xj[\]jYx[ b^b}Y^ [€_\_xj“


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SUNDAY NEWSWATCH, OCTOBER 5, 2014

OPINION www.mydailynewswatchng.com

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To support Nigeria’s quest for justice through intellectual approach

Published by Newswatch Newspapers Ltd.

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

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Ogun East: Making a senatorial case Otunba Tai Bello

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b[ €j–[ –jj~ZÂľ[ \Y`jÂ’[ \]j[ x^}j[ €zx[ \]j[ ^\Yzb^ [ ZZj`” „[–Y [”j˜Yb[ in earnest, starting with party ‚xY`^xYjZ“[ z[qz_”\Â’[\]j[}zb\jZ\[ €zx[ \]j[ jb^\j[ –z_ q[ ”j[ \]j[ ~jjbjZ\[ ”j}^_Zj[ \]^\[ YZ[ –]jxj[ \]j[ €^\j[ z€[ \]j[ b^\Yzb[YZ[qj}Yqjq[ƒY^[xz”_Z\[ j˜YZ ^\Yƒj[ qj”^\j“ ]YZ[ YZ[ –]„[ Y˜jxY^bZ[ `_Z\[ ”j[ extremely careful in choosing their representatives, as the choice can make or mar any constituency and the nation at large. As such, the need for a clarion call on all prospective voters in Ogun State to wake up and do the bjjq€_ Â’[ ”„[ j j}\Yb˜[ \]zZj[ }^‚^” j[ of making governance work for the masses. Of all those presently clamouring for the senatorial slot in Ogun East, it is worthy of note that one man Z\^bqZ[z_\Â’[^bq[\]^\[YZ[ \_b”^[ _Zj„Y[ Oduntan. €[ ˜zYb˜[ ”„[ ‚jqY˜xjjÂ’[ Y\[ YZ[ ^ xj^q„[ a forgone conclusion that Oduntan stands out among the crowd. b[]YZ[z–b[–^„’[]j[]^Z[”jjb[]j ‚Yb˜[ small scale entrepreneurs with ZzE[ z^bZ[ \z[ qjƒj z‚’[ Z‚zbZzxYb˜[ skill acquisition programme for youths, empowering traders to gain access to funds, providing Okadas, ^x–^[ `z\zx[ ”Y~jZ[ ^bq[ \Y‚‚jx[ trucks as empowerment projects for commercial transportation and creating opportunities for young ˜x^q_^\jZ“[ ]YZ[ ]^Z[ ”jjb[ zb˜zYb˜[ since 2008. In a free and fair electoral contest, all others aspirants for the senatorial Z z\[Yb[ ˜_b[ ^Z\[–Y [”j[\^~jb[\z[\]j[ } j^bjxZ[”„[ j„Y[ q_b\^b“ YBjxjb\ „[ ‚_\Â’[ Y€[ \]j[ ™š ›[ ‚z [ YZ[ open, free and fair, Oduntan stands a ƒjx„[ ˜zzq[ }]^b}j[ ^bq[ –Y [ ‚xz”^” „[ defeat other aspirants. Being a grassroots politician par jÂĄ}j jb}jÂ’[ [ qz_”\[ Y€[ \]jxj[ YZ[ ^b„[ known a political personality in Ogun ^Z\Â’[\]^\[]^Z[–]^\[`^„[”j[qjZ}xY”jq[ ^Z[ ^[ €^b^\Y}^ [ Z_‚‚zx\[ ”^Zj[ \]^b[ Oduntan. He is not the type of politician that usually announces philanthropic gestures, while touring the nooks and crannies of Ogun East, which he does regularly, and the spontaneous ^Bj}\Yzb[ \]^\[ YZ[ qYZ‚ ^„jq[ \z–^xqZ[ him is unprecedented. As a man, who accepts correction, \^~jZ[ ^qƒY}j[ ^bq[  x` „[ ”j YjƒjZ[ \]^\[ \–z[ ]j^qZ[ ^xj[ ”j jx[ \]^b[ zbjÂ’[

q_b\^b[ qj bY\j „[ ]^Z[ ^[ ”j jx[ chance. One may need to see him and how he treats elders to know that xjZ‚j}\[YZ[‚^x\[z€[]YZ[”jYb˜“ \[YZ[bz\[]z–jƒjx[Z_x‚xYZYb˜’[”j}^_Zj[ q_b\^b[ –^Z[ ”zxb[ Yb\z[ ^[ qjj‚ „— }z``Y jq[ ]xYZ\Y^b[ xz„^ [ €^`Y „[ that remains distinguished in several areas, the most important of which are, high integrity, great moral standing, ^ ^}]`jb\[\z[]Y˜][‚xYb}Y‚ jZÂ’[xjZ‚j}\[ for human dignity total dedication, unyielding commitment to the pursuit z€[jÂĄ}j jb}jÂ’[^bq[^”zƒj[^ Â’[\]j[€j^x[z€[ God. The royal lineage in him has jƒjb[ Z‚_xxjq[ ]Y`[ \z[ ”j]^ƒj[ Yb[ ^[ Âź_Yb\jZZjb\Y^ [ ÂĽz`z _^”YÂľ[ `^bbjx“[ That is why I have had cause to tell ‚jz‚ j[ \]^\Â’[ Y€[ zbj[ \jbqZ[ \z[ ˜z[ ”„[ consanguinity, he is also far ahead of ]YZ[}z—}zb\jZ\^b\Z“

YZ[ €^\]jx[ –^Z[ \]j[ ^\j[ \_b”^[ Benjamin Adefolarin Oduntan, who was, a Permanent Secretary in the Old jZ\jxb[ j˜Yzb“[ YZ[ b} jÂ’[ \_b”^[ Y}\zx[ ”^„z`Y[ q_b\^bÂ’[ \]j[ ^\j[ \_b”^[ ”^x_–^[ z€[ Ă?j”_ ^bq[ –^Z[ Secretary to Ogun State Government and simultaneously the Head of Service to the Ogun State Government, a unique post at the time. Their ]z`j[ YZ[ –zxz— Ă?j”_[ Yb[ Ă?j”_[ zx\][ ^Z\[ z}^ [ zƒjxb`jb\“[ [ q_b\^bÂľZ[ paternal grandmother, the late Princess Dorcas Adesola Oduntan, (nee Adeyemi of Ipamuren) was from \]j[ _bZjb˜”_–^Ă‚ _b–^Zj[ _ Yb˜[

z_Zj[z€[ �j”_[ qj“[ z[ jZZ[ xz„^ [ –^Z[ ]YZ[ `z\]jx’[ \]j[ later Princess Esther Olufunmilayo Oduntan, who was the daughter of \]j[ ^\j[ ”^[ “[ “[ q_~z„^’[\]j[ z–_[ z€[ –_[ �j”_[ Yb[ �j”_[ ^Z\[ z}^ [

Government. A very industrious –z`^bÂ’[ Z]j[ –^Z[ \]j[  xZ\[ €j`^ j[ qYZ\xY”_\zx[ z€[ _YbbjZZ[ Yb[ Y˜jxY^[ having visited the Guinness factory in _” YbÂ’[ xj ^bq[ Yb[  Ă€Â›½Â“[ [ jx[ ‚Y}\_xj[ adorns the Boardroom of the famous _YbbjZZ[”xj–jx„[Yb[ _” Yb[\Y [\zq^„“[[ q_b\^bÂľZ[`^\jxb^ [˜x^bq`z\]jx[^ Zz[ hailed from the royal family in Oke ˜”zÂ’[ Ă?j”_[ ˜”z[Yb[ Ă?j”_[ zx\][ z}^ [ Government. [ z–’[ ^‚^x\[ €xz`[ }zbZ^b˜_YbY\„’[ \^~Yb˜[^[ zz~[^\[ q_b\^bÂľZ[”^}~˜xz_bq[ and personal achievements, it is expedient to note that a man of his }^ Y”xj[ YZ[ –]^\[ \]j[ people of Ogun East needs at this time, now that the } ^`z_x[ €zx[ Ă?j”_[ State is a top priority for all and sundry. As a B.sc (Hons) holder in Business Studies from the Polytechic Queensgate Huddersfield now University z€[ _qqjxZ j qÂ’[ England, Oduntan ]^q[ z”\^Ybjq[ ^[ professional Post graduate Diploma (Dip.M) from the ]^x\jxjq[ bZ\Y\_\j[ z€[ ^x~j\Yb˜’[ [ (UK).

j[ ”^˜˜jq[ his Professional ]^x\jxjq[ Z\^\_Z[ Yb[  Ă€½Â™[”„[”j}z`Yb˜[^[

€_ [ j`”jx[z€[\]j[ ]^x\jxjq[ bZ\Y\_\j[ z€[ ^x~j\Yb˜[ Â… “ “ Â?[ ^bq[ –^Z[ j j}\jq[ ^[ j z–[ Â… “ Â?[ z€[ \]j[ bZ\Y\_\j[Yb[ }\z”jx[ Ă€Ă€Â›Â“ He worked with West African Distilleries Ltd, from 1981 as ^x~j\Yb˜[ ^bbYb˜[ J}jx[Ă‚[ ZZYZ\^b\[ Marketing Manager. It was a meteoric rise for one so young at the time. Oduntan soon joined the Honeywell Group under the tutelage of the great industrial sage and his mentor, ”^[ \_qj~z[ ^bq[ xzZj[ \z[ ”j}z`j[ the General Manager and later the Managing Director, at a very young age of 35. [ Ejx[ ¢[„j^xZ[z€[`jxY\zxYz_Z[ZjxƒY}jÂ’[ he resigned from the Honeywell Group to form his own company, Lanrope Group of companies; a highly qYƒjxZY jq[ ˜xz_‚[ –Y\][ Yb\jxjZ\Z[ Yb[ diesel and solar energy, international \x^qj[ ^bq[  b^b}jÂ’[ zY [ ^bq[ ˜^ZÂ’[ Pharmaceutical testing equipment, Real Estate, Security Equipment supplies and training, and Hotel and ^\jxYb˜[ jÂź_Y‚`jb\[ Z_‚‚ YjZ[ –Y\][ €^}\zxYjZ[ `^b_€^}\_xYb˜[ z–b[ ^”j [ ‚xzq_}\Z[ €zx[ Z^ j[ Yb[ \]j[ Y˜jxY^b[ market. \_b”^[ q_b\^b[ €^}Y Y\^\jq[ \]j[ Zj Yb˜[ _‚[ z€[ \]j[ Y˜jxY^b[ z`‚^ZZ[ newspaper in 2007, which rapidly ”j}^`j[ zbj[ of the leading newspapers in the country at the \Y`j“[ [ j[ ”j}^`j[ the pioneer Executive Vice ]^Yx`^bĂ‚ [ z€[ the company for \–z[ „j^xZ[ ”j€zxj[ stepping aside to return to his ”_ZYbjZZ[ƒjb\_xjZ“ Oduntan has Zjxƒjq[^Z[ ]^Yx`^b[ or Director in ƒ^xYz_Z[ ‚_” Y}[ ^bq[ private institutions including the Ogun State owned Gateway Pharmaceuticals company ltd; Yxj}\zxÂ’[ Y\^qj [ Savings and Loans ltd (where he –^Z[ }z—€z_bqjxÂ?Â’[ Director, Forest Y\„[ \q[ Â… Â?ž[ ]^Yx`^bÂ’[ [ Services Limited an

The royal lineage in him has even spurred him to behave in a quintessential ‘omoluabi’ manner. That is why I have had cause to tell people that, if one tends to go by consanguinity, he is also far ahead of his co-contestants

Y [ ZjxƒY}Yb˜[ z`‚^b„[ –Y\][ zxjY˜b[ ^J Y^\Yzb[ €zx[ xzĂ?j}\[ ^b^˜j`jb\[ ^bq[ xzb\[jbq[jb˜YbjjxYb˜ž[ ]^Yx`^bÂ’[ Metrorail Ltd, Monorail construction, xYq˜jZ[ ^bq[ \x^ [ zbZ_ \Yb˜[ \qÂ’[ }^‚^}Y\„[ ”_Y qjxZÂ’[ `^b^˜j`jb\[ }zbZ_ \^b\ZÂ’[ [ Zz _\YzbZ[ ‚xzƒYqjxZÂ’[ trainers and developers in }z ^”zx^\Yzb[ –Y\][ –zx q[ xjbz–bjq[ consultants, among many others.

j[–^Z[^ Zz[^\[zbj—\Y`j[^‚‚zYb\jq[ to the Board of the Ogun State

_qY}Y^x„[ z``YZZYzb’[ \]z_˜]’[ €zx[ other schedules the appointment had \z[”j[Z]zx\— Yƒjq“ q_b\^b[ YZ[ ^ Zz[ ^[ –j [ Zz_˜]\— ^Ejx[ ‚_” Y}[ Z‚j^~jx[ q_j[ \z[ ]YZ[ –Y\’[ intelligence, eloquence and delivery.

j[ –^Z[ YbZ\^ jq[ ^Z[ \]j[ \_b”^[ _–^Ă?z„j[z€[ –zxz— Ă?j”_[Yb[™šš²Â’[^bq[ \]j[ \_b”^[ ZY˜^qj[ z€[ Ă?j”_ ^bq[ in June 19, 2010. He also holds the ]YjE^Yb}„[\Y\ j[z€[\]j[ ^x^~z„Y[z€[\]j[ ˜”j[ z”^˜”Y`z[ ~Y j[ Ă?j”_“[ \_b”^[ j„Y[ q_b\^b[”j zb˜Z[\z[`^b„[ z}Y^ [ } _”Z[ Yb[ ^˜zZ[ ^bq[ Ă?j”_[ Yb} _qYb˜[ ~z„Y[ _”’[ ^˜zZ[ z_\x„[ _”[ amongst others In a recent interview, Oduntan told the world that “Ogun State people j¥‚j}\[^bq[”j Yjƒj[\]^\[Yb€x^Z\x_}\_x^ [ qjƒj z‚`jb\[”„[˜zƒjxb`jb\[YZ[ƒY\^ „[ importantâ€?. b[]YZ[–zxqZÂ’[œ‚_ Yb˜[\]z_Z^bqZ[z€[ ‚jz‚ j[”^}~[\z[–zx~[–Y\][}zbZ\x_}\Yzb[ z€[ bj–[ xz^qZÂ’[ ”xYq˜jZÂ’[ ‚z–jxÂ’[ –^\jxÂ’[ jbZ_xjZ[^[~bz}~—zb[jBj}\[\]^\[]j ‚Z[\z[ put hard earned cash in pockets and €zzq[ zb[ \]j[ \^” j[ z€[ \]z_Z^bqZ[ `zxj[ is important. This is what makes our dear Ogun State very unique and so special. “The scale of the infrastructure \]^\[ YZ[ }_xxjb\ „[ ”jYb˜[ ”_Y \[ ”„[ \]YZ[ administration is unprecedented, and Y\[YZ[`„[”j Yj€[\]^\[”„[^qqxjZZYb˜[\]YZ[ ‚xz” j`Â’[˜jbjx^\YzbZ[„j\[_b”zxb[–Y [ qjxYƒj[ ]_˜j[ ”jbj \[ €zx[ Yb\j˜x^\jq[ development. “But we can get more from the centre \z[Z_‚‚zx\[\]YZ[ ^_q^” j[^}]Yjƒj`jb\“[ For example, we can and should get the Federal Government to fully xj]^”Y Y\^\j[ \]j[ ”jz~_\^— ^˜^`_— xj— jbYb[xz^q[^Z[Y\[YZ[}_xxjb\ „[”jYb˜[ qzbj[ Yb[ ^x˜j[ Z–^\]jZ[ z€[ \]j[ zx\][ ^bq[ z_\]— z_\]“

_q˜Yb˜[ ”„[ ]YZ[ ‚jqY˜xjj[ ^bq[ ^}]Yjƒj`jb\ZÂ’[–]z[j Zj[qjZjxƒj[\z[”j[ our senator in Ogun East, if not a man z€[ q_b\^bÂľZ[Z\^\_ZĂ“ 8F >A0B67 233;7 G94>2:7 B2;HA>6I7 1A07 >6>2

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SUNDAY NEWSWATCH, OCTOBER 5, 2014

OPINION A new Nigerian story: Kwankwaso the outlier outside the normal experience or achievement. Malcolm describes n 2002, Malcolm Gladwell men who have achieved greatest introduced the leadership successes such as Bill Gates and and change principle or law, Barack Obama as outliers. Nigeria as many would regard it, needs such at this time in our called Tipping Point. This law history or else, things might fall operates whether we like it or not apart. We need someone who can in life, organisations and societies. calm the storm in our country Tipping point is “that point at today and unite our people. We which a series of small changes need someone with a record of zx[ Yb}Yqjb\Z[ ”j}z`jZ[ ZY˜bY }^b\[ outstanding success and will. enough to cause a large, more We need someone to write a new important change.â€? Some years story of a great Nigeria. ago, a popular musician sang From a widespread study of a song with the title “which individuals with these qualities, way Nigeria?â€? Series of events one man stands tall among and incidents in our country the rest, that man is Governor today caused by its present Rabiu Musa Kwankwaso, the leadership has brought Nigeria to present Governor of Kano State. a dangerous threshold at which Kwankwaso is a man of great many would agree that the road courage, with the will to do great ahead is very fuzzy. From the things. He is a positive change housewife to the woman leading agent who doesn’t believe in large corporates, to youths both impossibilities. in school and out of school, to Take for instance, in Kano the ordinary man and woman on State, where many fear Boko the street, life is becoming more Haram and their hate for Western qYJ}_ \[ ”„[ \]j[ q^„“[ ƒjx„zbj[ education, Governor Kwankwaso seems to feel he or she is the most has championed one of Nigeria’s pained. greatest and most courageous For instance, with our youths, movements in educational the supposed leaders of empowerment, especially that of tomorrow, unemployment and the girl child. lack of empowerment has driven a An analysis of the 2014 budget sizeable number of them to crime. of Kano State shows that the In a recent chat with some youths man has set education as a across the country, 90 per cent of key driver of his government them agreed that the high rate Z‚jbqYb˜¤[ \]YZ[ Z\xYqj[ YZ[ \]j[  xZ\[ of unemployment has become of its kind in Nigeria. In the 2014 so unbearable. The problem of budget, education got the second unemployment or empowerment biggest vote of N20.85 billion of is not only plaguing our youths, a the entire public spending. It is keen observation shows that our on note that Kano State under middle aged men and women Governor Kwankwaso is one of are so broke with absolutely the few states in Nigeria that has no empowerment or enabling implemented, in practical terms, environment for self-enterprise. free compulsory education for Those who have served their all, and as stated in the words country in the civil service are of Kwankwaso himself, “in struggling with a terrible and our collective resolve to drive corrupted pension payment scheme that at times evaporates billions of funds! The urgent question we need to answer now is where we want Sarafa Tunji Isola to be as a nation? To be brief, we want a united and equitable gun State people are again Nigeria, a Nigeria where people at the threshold of taking from all regions, ethnic groups another critical political and religions live in harmony decision, especially as the and peace. We want an urgent general elections to choose their next overhaul of our education sector; set of political leaders, to whom they we want our students to stand tall want to entrust the management of among their peers and achieve their commonwealth and who will great results because they learn chart and administer the process in a conducive environment of their all-round development. As with modern infrastructure and this decision is being taken, it is, motivated teachers who are well however, very important to take an remunerated. We want a secure incisive look into what makes up Nigeria where security of lives \]j[ j j}\zx^ [ ‚^ jxb[ z€[ \]j[ ‚jz‚ jÂ’[ and property are guaranteed their expectations and a culture of by a reformed, strong and electoral choice and viability which professional police and military is gradually taken shape as the norm institutions as this will drive in the gateway state. ZY˜bY }^b\[ j}zbz`Y}[ ˜xz–\]“[ j[ In the year 2003 general elections, want a system that empowers members of the then All Peoples senior citizens in retirement and Party (APP), both the Chief not abandon them. We want a Alani Bankole and Senator Iyabo healthcare system that can care Anisulowo factions and notable for the ill here in Nigeria and leaders of the Alliance for Democracy reduce medical tourism and the (AD), which included but not limited ^ jbq^b\[ qx^Yb[ zb[ \]j[ j}zbz`„[ to Chiefs Sule Onabiyi, Femi Coker, to zero. We want a Nigeria Yemi Adefulu, Dipo Odujinrin, and that makes business enterprise other leaders, collaborated with the ^ x^}\Yƒjž[–j[–^b\[jb\xj‚xjbj_xZ[ Peoples Democratic Party (PDP) to and small business owners to win the general elections. thrive like never before. In the year 2007 general elections, In short, to borrow Malcolm however, a similar scenario played Gladwell’s book title, we want out. Many leaders of the AD in and need a leader who is an Ogun State and about eight other Outlier. An Outlier is a person political parties, under the banner of or a phenomenon that lies the Conference of Nigerian Political Ladipo Johnson

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state universities, 44 technical colleges across all the 44 local governments of the state, 23 new vocational training institutions have been established and 2,000 students received scholarship for advanced training overseas. As Nigeria sets its focus on tipping toward strong economic relevance in the comity of nations, education and empowerment of our youths hold the greatest key. This is one of the reasons we know Governor Kwankwaso

The urgent question we need to answer now is where we want to be as a nation? To be brief, we want a united and equitable Nigeria, a Nigeria where people from all regions, ethnic groups and religions live in harmony and peace

a knowledge based economy, government has already concluded arrangement to adopt a free education for all indigenes at all levels: primary, secondary and tertiary institutions in the state.� In one state alone, Governor Kwankwaso has established two

will lead Nigeria to its economic promise land. In 2010, a British Council study reported that Nigeria stood, and still stands, on the threshold of what could be the greatest transformation in its history. By 2030, it will be one of the few countries in the world that has young workers in plentiful supply. Youth, not oil, will be the country’s most valuable resource Yb[ \]j[ \–jb\„— xZ\[ }jb\_x„“[ €[ Kwankwaso can do what he has done in one state without throwing the state into debt, we can imagine what he can do in the entire country of Nigeria, with its resources. ¥‚jx\Z[ ~bz–[ \]^\[ ^Ejx[ education, infrastructural development holds the key to economic growth, as good transportation and road networks aid economic activities. In this area, Kwankwaso is an outstanding success. To restore Kano State’s economic fortunes, Governor Kwankwaso is constructing dual carriage roads, with modern street lights and drainages in each of the 44 local governments of \]j[ Z\^\j“[ ]j[ ˜zƒjxbzx[ YZ[ YEYb˜[ the face and conduciveness of the state as well-planned cities with good infrastructure and facilities increase quality of life, reduce }xY`j[ ^bq[ Yb}xj^Zj[ ^ x^}\YƒjbjZZ[ to foreign investments. Governor Kwankwaso is transforming Kano State into a haven for both citizens and investors alike. Just at the city centre, a super imposing ¹„zƒjx[ –]Y}][ YZ[  xZ\[ z€[ Y\Z[ ~Ybq[ in northern Nigeria is being built almost to completion by Governor Kwankwaso. This is not ^ [^Z[^[Zj}zbq[¹„jx[}zƒjxYb˜[zƒjx[ one kilometer is being built at the same time by the governor. Those who live in the state or have been to Kano State testify that the state

is undergoing massive physical infrastructural transformation as the Governor is transforming major residential areas in the state into districts with modern facilities as it obtains in advanced countries of the world. Pedestrians in Kano now walk on neatly-laid interlocking tiles that adorn the sidewalks of major roads. High \x^J}[^xj^Z[bz–[]^ƒj[‚jqjZ\xY^b[ bridges and high-rise medians. The Governor is visionary as he is courageous. In agreement with Nelson Mandela’s beliefs that every human being deserves a house, Kwankwaso has invested massively and aggressively in building three new cities within the state with the aim of decongesting the metropolis and bring development to remote villages. The cities have also provided ^Bzxq^” j[ ]z_ZYb˜[ \z[ \]z_Z^bqZ[ z€[ ]z_Zj]z qZ“[ ]j[˜zƒjxbzx[YZ[^[ x`[ believer in social and mass housing as he has embarked on mass housing projects with over 100,000 site and ZjxƒY}j[‚ z\Z[Yb[qYBjxjb\[^xj^Z[z€[\]j[ state such as at the western by-pass corridor of Danbare, and Kuyan Ta’inna among other areas. Drawing from the latest book from Mr. Gladwell, “David and Goliath,� I make bold to state that even though Nigeria’s problems are as many and gigantic as Goliath, Governor Rabiu Musa Kwankanso is the “David with a sling and keystones� as evidenced by his current achievements in Kano State, to help rescue Nigeria! I humbly invite Nigerians to eschew religious and ethnic bigotry and objectively investigate Kwankwaso’s tenure and service in Kano State and I am certain that many will thus rally round to support RMK for a new Nigerian story: one of peace, unity and prosperity! F ;C0:;07G9;>27407@9;E7 61;:

Collaboration, a political culture in Ogun State

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Parties (CNPP) collaborated with the PDP to win the general elections. In 2011, this culture of collaboration had gradually been entrenched as the whole members of the All Nigeria Peoples Party (ANPP), with Senator Ibikunle Amosun and others; Democratic Peoples Alliance (DPA) –Y\][ ]^Ă?Y[ qj˜”jb˜^[ j _[ ^~^[^bq[ others; with some leaders of the PDP, especially members of the national and state assemblies elected on the platform of the PDP (Hons. Abiodun ~Yb ^qjÂ’[ qQ^\[ ^q^‚z— qj j„jÂ’[ j``„[ ^ZZ^bÂ’[ [ _bĂ?Y[ ˜”j\z~_b[ and many others) collaborated with the Action Congress of Nigeria (ACN) to win the general elections in Ogun State. It should also be noted that since the year 2003 to date, no single political party has won elections without one form of collaboration or the other; and the 2015 elections is not expected \z[”j[qYBjxjb\“[ \[Z]z_ q[bz\[\]jxj€zxj[ come as a surprise that the year 2015 general elections will be determined based on this entrenched culture of collaboration. Members of the PDP, Labour Party (LP), aggrieved members of the All Progressives Congress (APC) and notable leaders of the defunct ACN would need to collaborate to win the general elections. We should not forget that the APC is a new political party that is yet to participate in any election in Ogun

State. Ogun State people voted for the ACN in 2011 and not APC. As it stands, the APC in Ogun State has been enmeshed in what looks like an intractable crisis-- factionalised, and shrinking-- while discussions are ongoing among notable political j^qjxZ[ ^}xzZZ[ ‚^x\„[ YbjZ[ €zx[ jBj}\Yƒj[ collaboration. The APC would face Y\Z[  xZ\[ j j}\zx^ [ \jZ\[ Yb[ ˜_b[ \^\j[ Yb[ ™š ›[ ˜jbjx^ [ j j}\YzbZ“[ ~Y\ [ \^\j[ YZ[ ^[ case study! It should also be noted that Z_}][ }z ^”zx^\Yƒj[ jBzx\Z[ ^xj[ _Z_^ „[ inspired by the electorates, usually six months before the general elections, in what looks like reading the political temperature and deciding on what is best for Ogun State.

It is in the light of the above that [ }z``jbq[ \]j[ jBzx\Z[ z€[ \_b”^[ Gbenga Daniel (who was an active ‚^x\Y}Y‚^b\[Yb[\]j[}z ^”zx^\Yƒj[jBzx\Z[ of the 2003 and 2007 general elections), in his renewed quest to energise such collaborative process as we march towards the 2015 general elections in Ogun State. I hereby implore all stakeholders in the opposition parties and groups in Ogun State to support this noble initiative in line with the political culture of the state. God bless the Gateway state as we work together for the emergence of a credible alternative. F :;367 G6:7 404:>297 ;@7 402:7 60D7 Steel (2007-2008).


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SUNDAY NEWSWATCH, OCTOBER 5, 2014

SCIENCE

...from the beginning

New drug-delivery capsule may replace injections Emmanuel Olojuanu with agency report

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require a new version to be engineered for each drug. Schoellhammer, Traverso, and their colleagues set out to design a capsule that would serve as a platform for the delivery of a wide range of therapeutics, prevent degradation of the drugs, and inject the payload directly into the lining of the GI tract. Their prototype acrylic capsule, two centimeters long and one centimeter in diameter, includes a reservoir for the drug and is coated –Y\][]z z–’[Z\^Yb jZZ[Z\jj [bjjq jZ[^”z_\[ ƒj[`Y Y— meters long. Previous studies of accidental ingestion of sharp objects in human patients have suggested that it could be safe to swallow a capsule coated with short needles. Because there are no pain receptors in the GI tract, patients would not feel any pain from the drug injection. To test whether this type of capsule could allow Z^€j[ ^bq[ jBj}\Yƒj[ qx_˜[ qj Yƒjx„’[ \]j[ xjZj^x}]jxZ[ tested it in pigs, with insulin as the drug payload. It took more than a week for the capsules to move through the entire digestive tract, and the researchers found no traces of tissue damage, supporting the potential safety of this novel approach. They also found that the micro-needles successfully injected insulin into the lining of the stomach, small intestine, and colon, causing the animals’ blood glucose levels to drop. This reduction in blood glucose was faster and larger

than the drop seen when the same amount of glucose was given by subcutaneous injection. Âś ]j[~Ybj\Y}Z[^xj[`_}][”j jxÂ’[^bq[`_}][€^Z\jx— onset, than those seen with traditional underthe-skin administration,â€? Traverso says. “For `z j}_ jZ[\]^\[^xj[‚^x\Y}_ ^x „[qYJ}_ \[\z[^”Zzx”’[ this would be a way of actually administering \]j`[^\[`_}][]Y˜]jx[jJ}Yjb}„“ “This is a very interesting approach,â€? says Samir Mitragotri, a professor of chemical engineering at the University of California at Santa Barbara who was not involved in the research. “Oral delivery of drugs is a major challenge, especially for protein drugs. There is tremendous motivation zb[ ƒ^xYz_Z[ €xzb\Z[ €zx[  bqYb˜[ z\]jx[ –^„Z[ \z[ deliver drugs without using the standard needle and syringe.â€? HD@J9D;KL@AMAP7@AK< This approach could also be used to administer vaccines that normally have to be injected, the researchers say. The team now plans to modify the capsule so that peristalsis, or contractions of the digestive tract, would slowly squeeze the drug out of the capsule as it travels through the tract. They are also working on capsules with needles made of degradable polymers and sugar that would ”xj^~[ zB[ ^bq[ ”j}z`j[ j`”jqqjq[ Yb[ \]j[ ˜_\[ lining, where they would slowly disintegrate and release the drug. This would further minimize any safety concern.

iven a choice, most patients would prefer to take a drug orally instead of ˜j Yb˜[ ^b[ YbĂ?j}\Yzb“[ b€zx\_b^\j „’[ many drugs, especially those made from large proteins, cannot be given as a pill because they get broken down in the stomach before they can be absorbed. To help overcome that obstacle, researchers ^\[ [ ^bq[ ^ZZ^}]_Zj Z[ jbjx^ [ zZ‚Y\^ [ (MGH) have devised a novel drug capsule coated with tiny needles that can inject drugs qYxj}\ „[Yb\z[\]j[ YbYb˜[z€[\]j[Z\z`^}][^Ejx[\]j[ capsule is swallowed. In animal studies, the team found that the capsule delivered insulin `zxj[jJ}Yjb\ „[\]^b[YbĂ?j}\Yzb[_bqjx[\]j[Z~YbÂ’[ ^bq[\]jxj[–jxj[bz[]^x`€_ [ZYqj[jBj}\Z[^Z[\]j[ capsule passed through the digestive system. “This could be a way that the patient can circumvent the need to have an infusion or subcutaneous administration of a drug,â€? says Giovanni Traverso, a research fellow at MIT’s Koch Institute for Integrative Cancer Research, a gastroenterologist at MGH, and one of the lead authors of the paper, which appears in the Journal of Pharmaceutical Sciences. Although the researchers tested their capsule with insulin, they anticipate that it would be most useful for delivering biopharmaceuticals such as antibodies, which are used to treat cancer and autoimmune disorders like arthritis and Crohn’s disease. This class of drugs, known as “biologics,â€? also includes vaccines, recombinant DNA, and RNA. “The large size of these biologic drugs makes them nonabsorbable. And before they even would be absorbed, they’re degraded in your GI tract by acids and enzymes that just eat up the molecules and make them inactive,â€? says Carl Schoellhammer, a graduate student in chemical engineering and a lead author of the paper. 789;7<=;9>9?@AB9;=9CAB9DF Scientists have tried designing microparticles and nanoparticles that can deliver biologics, but such particles are expensive to produce and Schematic drawing of micro-needle pill with hollow needles.

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doctoral student at the time of the study and now an assistant professor in the School of Arts and Sciences at Rutgers bYƒjxZY\„’[ ^bq[ ^ ]j–[ Y}}YzÂ’[ ^b[ undergraduate at NYU’s College of Arts and Science, hypothesized that b^xxz–Yb˜[ ^ jb\Yzb[ zb[ ^[  bYZ][ Ybj[ would lead it to appear closer, increase walking speed, and reduce feelings of physical exertion. Related research previously conducted in Balcetis’ lab and published last year found that people who are overweight see distances as farther than those who are average weight, especially when they are not very motivated to exercise. “People are gaining weight at alarming rates,â€? Balcetis says. “More than 1.4 billion adults and 40 `Y Yzb[~YqZ[_bqjx[\]j[^˜j[z€[ Âƒj[^xj[ overweight or obese worldwide. And in America, obesity rates have almost \xY‚ jq[Yb[\]j[ ^Z\[²Âš[„j^xZ“[ jb\Yzb^ [ narrowing might help people exercise `zxj[ jBj}\Yƒj „[ ”j}^_Zj[ Y\[ `^~jZ[ physical activity look easier.â€? The new research found that ^ jb\Yzb^ [ b^xxz–Yb˜[ ^}\Z[ ^Z[ ^b[ intervention, changing perceptions of distance, so that all people can see the qYZ\^b}jZ[Yb[–^„Z[\]^\[ \[‚jz‚ j[Zjj[Y\“ In the Motivation and Emotion

paper, the researchers conducted two experiments. b[ \]j[  xZ\Â’[ \]j[ Z\_q„¾Z[ Z_”Ă?j}\Z[ ——[ œœ[ adults visiting a New York City park in the summer -- stood 12 feet away from an open cooler, which contained cold beverages and ice. The experimenter explained to participants that they would estimate the distance to the cooler. One set of subjects was randomly ^ZZY˜bjq[ \z[ ^[ b^xxz–jq[ ^ jb\Yzb[ condition in which they imagined that a spotlight was shining only on the }zz jx“[ ]j„[ j^xbjq[\]^\[\z[”j[jBj}\Yƒj[ at estimating distance, they should qYxj}\[ ^bq[ €z}_Z[ \]jYx[ ^ jb\Yzb[ zb[ \]j[ cooler and avoid looking around the environment. The second set of subjects –^Z[ ^ZZY˜bjq[ \z[ \]j[ b^\_x^ [ ^ jb\Yzb[ condition and was instructed to allow \]jYx[ ^ jb\Yzb[ \z[ `zƒj[ b^\_x^ „[ ^bq[ in whatever way they found to be most helpful for estimating distance. _”Ă?j}\Z[ –]z[ €z}_Zjq[ \]jYx[ ^ jb\Yzb[ only on the cooler perceived the cooler as closer than did those in the natural ^ jb\Yzb[˜xz_‚“ In a second experiment, the researchers used this intervention to change perceptions of distance and improve the quality of exercise. Here, 73 participants walked 20 feet in a gymnasium while wearing ankle weights that added 15

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esearch by UC Irvine immunologists reveals new information about how our immune system functions, shedding light on a vital process that qj\jx`YbjZ[ ]z–[ \]j[ ”zq„¾Z[ ^”Y Y\„[ \z[  ˜]\[ Yb€j}\Yzb[ develops. In the online version of Nature Immunology, Neurology Professor, Dr. Michael Demetriou, postdoctoral scholar, Raymond Zhou, and other Institute for Immunology colleagues, describe a critical mechanism underlying how T cells are created, selected and released into the bloodstream. A T cell is a type of blood cell called a lymphocyte that protects the body from infection. T cell precursors called thymocytes are created in the bone marrow and migrate to the thymus - a walnut-sized organ -at the base of the neck where they turn into T cells. However, very few thymocytes become fully functional T cells, and in the current study, the Demetriou team gained important new insights into why. As they transform into T cells, thymocytes grow receptors that react to an antigen (any substance provoking an immune response) that’s bound to a small molecule called MHC. If this reaction is too strong or too weak, the thymocyte does not mature into a T cell. Demetriou and the others found that the delicate balance determining the proper reactive ability is controlled by glycosylation, a process in which a sugar ^ ^}]jZ[\z[^[\^x˜j\[‚xz\jYb[\z[˜Yƒj[\]j[‚xz\jYb[Z\^”Y Y\„[ and form. They saw that changes in the addition of sugars to receptors -- including the blocking of glycosylation -- during T cell development profoundly YbÂą_jb}jq[]z–[\]„`z}„\jZ[xj^}\jq[\z[\]j[ —”z_bq[ antigens and whether they became mature T cells. Glycosylation also may help explain the creation of self-reactive T cells that escape from the thymus and }^b[˜z[zb[\z[^ ^}~[\]j[”zq„¾Z[z–b[^b\Y˜jbZÂ’[^[‚xz}jZZ[ called autoimmunity that’s the basis of immune system disorders such as multiple sclerosis. “Understanding how T cells are selected for antigen reactivity has been an enigma, and here we have made a major advance in understanding how this selection works,â€? Demetriou said. The work, he added, represents a breakthrough in basic research and facilitates further discoveries about T cell processes that could someday yield new therapeutic approaches to infection and auto-immune diseases.

‘Men who take alcohol may have ‘contagious’ smiles’

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Photo: Christine Daniloff/MIT

Exercise: Gazing at target makes distance appear shorter, study finds ew research suggests the adage that encourages people to keep their “eyes on the prizeâ€? may be on target when it comes to exercise. When –^ ~Yb˜’[ Z\^„Yb˜[ €z}_Zjq[ zb[ ^[ Z‚j}Y }[ target ahead can make the distance to it appear shorter and help people walk there faster, psychology researchers have found. Their study, which compares this technique to walking while looking ^xz_bq[\]j[jbƒYxzb`jb\[b^\_x^ „’[zBjxZ[ a new strategy to improve the quality of exercise. “People are less interested in exercise if physical activity seems daunting, which can happen when distances to be walked appear quite long,â€? explains New York University’s Assistant Professor in the Department of Psychology and one of the study’s co-authors, Emily Balcetis. “These  bqYb˜Z[YbqY}^\j[\]^\[b^xxz– „[€z}_ZYb˜[ ƒYZ_^ [^ jb\Yzb[zb[^[Z‚j}Y }[\^x˜j\Â’[ Y~j[ a building a few blocks ahead, rather than looking around your surroundings, makes that distance appear shorter, helps you walk faster, and also makes exercising seem easier.â€? The study, which appears in the journal Motivation and Emotion, focused on Âś^ jb\Yzb^ [ b^xxz–YbÂ˜Â’ÂŹ[ –]Y}][ ^Bj}\Z[ perceptions of space. The researchers, who also included Shana Cole, an NYU

Study uncovers key process for immune system development

percent to their body weight, thus making the task more challenging \]^b[_b€j jxjq[–^ ~Yb˜“ Z[Yb[\]j[ xZ\[j¥‚jxY`jb\Â’[zbj[Zj\[ of participants received the narrowed ^ jb\Yzb[ YbZ\x_}\YzbZ[ Â…\]j„[ –jxj[ ^Z~jq[ \z[ €z}_Z[ zb[ ^[ \x^J}[ }zbj[ `^x~Yb˜[^[ bYZ][ YbjÂ?[^bq[\]j[z\]jx[ Zj\[ xj}jYƒjq[ \]j[ b^\_x^ [ ^ jb\Yzb[ condition (they were told to glance at the cone as well as look at their surroundings). Each group then completed the walking test while being timed by the experimenters. ]j[ xjZ_ \Z[ }zb x`jq[ \]j[ researchers’ hypothesis that ^ jb\Yzb^ [ b^xxz–Yb˜[ }]^b˜jq[ perceptions of distance, speed of –^ ~Yb˜’[^bq[‚jx}jYƒjq[jBzx\“ ]zZj[Yb[\]j[b^xxz–jq[^ jb\Yzb[ group perceived the cones to be 28 percent closer than did those in the natural condition group. In addition, those in the narrowed ^ jb\Yzb[˜xz_‚[–^ ~jq[™²[‚jx}jb\[ faster than did those in the natural ^ jb\Yzb[˜xz_‚“[ Yb^ „’[\]zZj[Yb[\]j[ b^xxz–jq[^ jb\Yzb[˜xz_‚[xj‚zx\jq[ that the walk required less physical exertion than did those in the b^\_x^ [}zbqY\Yzb[˜xz_‚[——[^[ bqYb˜[ that may serve as an incentive to exercise.

oes your man drink alcohol? Consuming an alcoholic beverage may make men more responsive to the smiles of others in their social group, according to new research in Clinical Psychological Science, a journal of the Association for Psychological Science. ]j[  bqYb˜Z[ Z_˜˜jZ\[ \]^\Â’[ €zx[ `jbÂ’[ ^ }z]z [ increases sensitivity to rewarding social behaviours like smiling, and may shed light on risk factors that contribute to problem drinking among men. “This experimental alcohol study, which included ^[ Zz}Y^ [ }zb\jÂĄ\Â’[  bqZ[ \]j[ } j^xjZ\[ jƒYqjb}j[ „j\[ of greater alcohol reinforcement for men than women,â€? says psychological scientist and lead researcher Catharine Fairbairn of the University of Y Z”_x˜]“ Previous research has shown that men are about 50% more likely to drink excessively than women, and much problem drinking among men occurs in Zz}Y^ [Zj Yb˜Z“ “Many men report that the majority of their social support and social bonding time occurs within the context of alcohol consumption,â€? says Fairbairn. “We wanted to explore the possibility that social alcohol consumption was more rewarding to men than to women -- the idea that alcohol might actually ‘lubricate’ social interaction to a greater extent among men.â€? ^Yx”^YxbÂ’[ xz€jZZzx[ Y}]^j [ ^„j jÂ’[ ^bq[ \]jYx[ colleagues decided to focus on an objective nonverbal indicator of social bonding, examining the infectiousness of genuine smiles in drinking groups. Genuine, or Duchenne, smiles are associated with actual felt emotion as opposed to outward displays of emotion, which may or may not be genuine. `‚zx\^b\ „’[ \]jZj[ Z`Y jZ[ }^b[ ”j[ Yqjb\Y jq[ ^bq[ measured using a standardized procedure. The researchers randomly assigned 720 healthy social drinkers, ages 21 to 28, to groups of three. Each group was then randomly assigned to receive a particular drink: an alcoholic beverage (vodka cranberry), a non-alcoholic beverage, or a nonalcoholic “placeboâ€? beverage that was described as alcoholic. The researchers smeared the glass of the €^~j[^ }z]z Y}[qxYb~[–Y\][ƒzq~^[^bq[Âąz^\jq[^[€j–[ drops of vodka on top of the drink to make it more believable.


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Dr. Olutunde John Olarinde Veterinary Surgeon/Clinician Tel: 08107801331 E-mail: straitgate_cpts@yahoo.co.uk

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ir, how would you rate the performance of the Independent National Electoral Commission (INEC) in view of the recent elections in Ekiti and Osun States? Our politicians are greedy and lack contentment. They want election results to favour them all the time without recognising the fact that the electorates have rights to their choice. It is interesting to note that when Peoples Democratic Party (PDP) won the governorship election in Ekiti State, the All Progressives Congress (APC) cried foul that it was rigged by the PDP. When the outgoing Governor John Kayode Fayemi took the step of a statesman by accepting defeat and congratulated the Governor-elect-Ayodele Fayose, APC denounced this and vowed to challenge the election in the tribunal. PDP, as a party and its members were basking in joy over the result of June 21 governorship election victory in Ekiti State. However, when PDP Governorship candidate, Senator Christopher Iyiola Omisore lost the August 9 Governorship election in Osun State to the incumbent Governor Rauf Aregbesola of APC, PDP rejected the result and cast aspersion on the result. One unique feature of the two elections was that all the international and national observers, including journalists, adjudged the election as free, fair and credible. All the candidates involved as well as top members of the political parties in the two states, in separate interviews, described the organisation of the election by INEC as credible when it was going on. But as soon as the results were out, they started singing another tune. To me, INEC deserves commendation and all Nigerians should pray for them to excel in the 2015 elections. You predicted the removal of some state governors after the 2007 elections and it came to pass as the Governors of Edo, Anambra, Ondo, Ekiti and Osun states were sacked by the Court of Appeal. As we march towards 2015, will the same scenario repeat itself? The situation cannot repeat itself in 2015. This is because INEC is now more prepared than before. INEC has put in a large measure of intellectual approach as it now engages academics in its ad-hoc duties. This is a clear radical departure from the past. There is a marked difference in the materials as they are coded according to poll units and booths. Adequate security provision by the Federal Government has drastically reduced the tide of violence arising from electoral thuggery characterised by ballot box snatching, stuffing of already thumb-printed ballot papers as well as other

vices which do not make votes to count. INEC has improved on its procedure and mode of conducting free, fair, transparent and credible election with significant reduction in its imperfections or human error. Sir, you predicted the emergence of Dr, Goodluck Ebele Jonathan as a governor without going through the rigours of election and his ascending to higher political office in 2005, it has come to pass as he was elected President of Nigeria in 2011. Two years ago, you again predicted his re-election. With about six months to the Presidential election scheduled for February 2015, has the situation changed? Let me tell you, heaven and earth would pass away but the words of the Lord spoken through His Prophets shall not go unfulfilled. I have said several times that Goodluck Jonathan is my spiritual son as he passed through me but I have never one day visited him or curry any favour from him since he became the President. Even, if I don’t like him or his administration’s policies, I have to say it as the spirit directs. And the Spirit of the Lord doesn’t lie or change like human beings. I have said that except he (Jonathan) voluntarily withdraws from the race, or dies before 2015 which are the only options that can prevent him from winning, which I don’t foresee. You should bear in mind that I am not a member nor have any affiliation or flair for any political party. My congregation is made up of people with different political leanings and political parties. I have also mentioned it in my numerous interviews that it is the metaphysical or spiritual realm that determines the physical. And nothing happens without the knowledge of God. Jonathan’s presidency has a hand of God in rectifying past injustices, deprivation of his people despite their contributions to the national economy with their natural endowments. What is your reaction to the recent adoption of President Goodluck Jonathan as the sole candidate of PDP by its various organs? Well, PDP was not the first party to use this system in Nigeria politics. You would recall that Action Congress of Nigeria (ACN), which is the leading party in APC coalition, used this method in the run up to 2011presidential election to produce Alhaji Nuhu Ribadu. It is an irony that it is the same APC that is criticizing this method. This is not to say that the system is perfect or the best as it depends on which angle one looks at it. To me, what matters most in political party organisation is subjecting all variables to an all-inclusive arrangement that

satisfies the tenets of internal democracy. If the party believes that the system would be less expensive and make their national convention or primary election less rancorous, they may adopt it. However, the most important issue is conforming with ingredients of internal democracy in order to retain the loyalty and dedication of its members. It used to be a thriving model in the eastern blocs in those days but now completely eroded. PDP should recognise that Nigerians are prying at them as models of open, transparent internal democracy which has always characterized their past national convention that has culminated in their choice of presidential candidate. But the All Progressives Congress (APC) has vowed to wrestle power from the ruling Peoples Democratic Party (PDP), which is the platform of President Jonathan. The party has lined programmes for its primary election. What do you see about this leading opposition party? I have said it from the beginning that the party is composed of different people with different ideological background and orientation that is diatrically opposed to each other. They are strange bad fellows that cannot flock together. The euphoria with which the party was started has been diminishing. The last national convention of the party led to the defection of Chief Tom Ikimi and Senator Ali Modu Sheriff groups from the party to the ruling PDP. Now, that the party plans primary election, is it not another acid test? Will this not lead to another depletion of its members? Or even partial disintegration of a boisterous opposition? As it is, I don’t see the party really positioned to dislodge the ruling PDP. The array of gladiators seeking to become president speaks volume. There are about 10 of them Gen Muhammadu Buhari (rtd), former Vice President Atiku Abubakar, Governor Rabiu kwankwaso of Kano, Rochas Okorocha of imo, Adams Oshiomole of Edo State, House of Representatives speakers Aminu Tambuwal, Senator Bukola Saraki of Kwara State, and the publisher of Leadership newspaper, Mr. Isaiah Ndanusa. The fact that more than 80 per cent of the presidential aspirants on the APC platform are PDP defectors shows that it is their presidential ambition, which they have found difficult to realise under the PDP that drove them to APC. Would these set of politicians continue their loyalty to APC if they lose in the primary election? Would Gen Buhari accept the leadership of Turaki of Adamawa, Alhaji Atiku and vice versa? Would the younger presidential hopefuls within the party align with the oldies? Would individual personal ambition not affect the success of the party in 2015?

APC from inception has been branded as an�ethno-religious� organization. Even after the national convention, how well has the party been able to remove this toga? How far has the party been rebranded from the initial perception by the cynical public? A critical appraisal of these factors among others from the physical realm, not to talk of spiritual realm points to the fact that inability to achieve internal cohesion within APC with just about six months to the presidential election would be their undoing. Therefore, APC has not been positioned and does not possess the magic wand to wrestle power from the ruling PDP at the federal level. APC should be wary of an imminent internal implosion. This is because too many ambitious politicians cannot easily cohabit in a single particular party. It is this ambition that will always be their driving force. And a virile opposition is needed to make democracy thrive on solid footing. Are the APC leaders and members committed to this ideal? Some people have advocated a return to parliamentary system of government as they alleged that presidential system of government is too expensive. What is the way forward? First, no system in this world is perfect, either parliamentary or presidential, is it not the same people that are going to operate it. It is the people that drive a system to a logical success in any given circumstance. Any system riddled with large scale corruption cannot make any serious or meaningful developmental headway. In Nigeria, virtually every sector has been infected with corruption. Corruption has become a master that is very difficult to tame because it has permitted all sectors. Our ability to move closer to God and seek divine favour by changing from our corrupt ways rather than political systemic change is what we require. As expensive as Presidential System of Government appears, the United States of America and a host of other smaller countries round the world has been operating it for decades without complaining. The other thing that I believe Nigerians require is a wholesome review of our constitution and judicial system. Our constitution has too many loopholes for corruption and pilfering of our resources while the judicial system favours the strong against the week, the rich against the poor. A thorough look into the recently concluded confab recommendations is desirable. There is need to check the excesses of the leaders and the led, Nigeria will be great. What is your position on the happenings at Synagogue Church of All Nations where a section of the building collapsed, killing many


people? Nobody can judge a Man of God. It is only God that can judge him. What happened that has generated a lot of controversy is an accident. Nigerians are fond of condemning people at the slightest opportunity. I had an accident a long time ago and lost my driver and two other members and I know what people said about me. It can happen to anybody‌ it is purely an accident. What T.B Joshua needs now is our prayers and support. I have known T.B Joshua for long. We have worked together before when we were in the Celestial Church of Christ. I was in Ketu, he was in Mende. He is a man, who cannot hurt a fly. He is somebody who has the fear of God. We all grew up together. We are from the same state and almost the same town. I am from Owo and Akure by birth. He is from Arigidi Akoko, which is about 20 minutes journey from each other. We should always think about the good image that this man has brought to Nigeria and Africa. He has used his God-given talent to rebrand the image of the country. He has helped the poor, irrespective of religion. The problem of Africa, most especially Nigeria is that we easily forget the good deeds of someone the moment there is crisis. These are the things that I have experienced in the past. I have lost contact with the T.B Joshua since 1984-1985. He is a master on his own and I am also a master of my own. He cannot bribe me and I cannot bribe him. What is your position on the crisis rocking the Christian Association of Nigeria (CAN), as the Catholics are allegedly threatening to pull out? Personally, I bear no grudge against Pastor Ayo Oritsejafor but the way that the association has been constituted for some years now has left much to be desired. I have restated it times without number that I cannot belong to an association that will be doing some things in the public and behaving differently from the underlying ones. The way that the leadership of the association is structured of late has turned it into another unregistered political party or pressure group. The romance with Aso Rock Villa has doused the past vibrancy of the association. The Bible enjoins clerics to respect the constituted authority but does not direct religious leaders to become subservient or appendages of that authority. There is a Yoruba adage that says that if the wise saying of the elders did not come to pass in the morning, it shall be so in the evening time. The controversy of the use of CAN president’s jet for arms deal exposed through the arrest in South Africa is another subject of ridicule in the Christendom. Thus, it is not a great surprise that the Catholic were alleged to have pulled out of CAN. This is because most of the orthodox churches, wary of doing anything unbiblical as they are sensitive to public criticisms in but this is not so with majority of the Pentecostal missions leadership. Most of the orthodox and spiritual churches are afraid of sanctions as well as wrath of God for their actions or inactions. The assumption of the CAN leadership by the Pentecostal arm that centres

their preaching on prosperity has affected the growth of CAN. The horizon changed. Remember, I am the Spiritual President of Africa, so I know what I am doing. What is your take on popular pastors getting involved in divorce in recent times? Marriage as an institution was established in the Bible. Adam married Eve, Abraham married Sarah. The first miracle of the Lord Jesus Christ was at a marriage. Paul wrote extensively on marriage. However, divorce was never instituted in the Bible. To compound it all, the men of God involved in divorce of late are those that felt they are sophisticated and are fond of criticising others. They should remove the log in their eyes before looking into the speck in other people’s eyes. This has been raising series of question. How can a man who is not manly or responsible enough to build and hold his home together put the congregation of the church of God together? It is high time; they sat down and think of how they will stop ridiculing the church and Christendom. What are the moral lessons that will impact on a non believer? How would their actions win souls for Christ? At the same time, one cannot totally blame because them we don’t know the reasons for their divorce. It is not all the time that the problems come from the man. Some women want to lord themselves on their husbands because they are pastors. Now, you want to become the traditional ruler of Akureland, Ondo State capital, as a social critic and clergy that speaks boldly on national issues, what position would you find yourself because as a first class traditional ruler your speech would be gagged? I will choose to be a clergy and social critic than to be a traditional ruler. Anywhere that I will be gagged, it is better for me to forget it than to accept it. My calling as a prophet of God is to speak the truth, no matter whose ox is gored. And this is what I have been doing over the years. To change from doing this would mean that I have abandoned the call of my creator in its entirety. I will rather die than sell my right. If being a traditional ruler would make me lose my right, I will rather live that throne and serve my God. Remember that I am the lonely voice in the wilderness. That is one of the reasons I like to fight alone. This is because some people can sell their right because of money. At my age now, if I don’t know where I am going, I should be able to know where I am coming from. I cannot sell my right for any amount. During the late Gen Abacha’s regime, I fought alone. I was arrested and tortured in an underground sell in Abuja but I thank God that today, I am still alive. I am not afraid of death, what I am afraid of is life after death. Where am I going? What legacy am I leaving behind? I have not visited any governor or president all along. I have resisted all attempts to buy my right. President Goodluck Jonathan has been my spiritual son and friend. Even when he became governor and now the President of this great country, I have never visited him. I am not a portfolio pastor. My right is my right. Are you telling us that you are not prepared to be a traditional ruler? I am still waiting for God’s call. I cannot do anything without hearing from God. I have said it once that kingship is not a do or die affair. God has not told me or called me to be a traditional ruler. It is my people that need my service to be the traditional ruler of Akureland. I have only heard the call of the people but I have not heard the call of God, who is the king of kings, Lord of lords and final arbiter over mankind. Remember, that he is the alpha and the omega. That is why I don’t but more pressure. I am a born prophet, the general overseer of a church. I am a shepherd with several sheep and followers. How can I leave my followers all over the world for a throne (kingship)? Are you now saying that you don’t want to be the Deji of Akureland, capital of Ondo State? What I am telling you is that I am waiting for God’s call. I am praying for God to give Akure land a good king. It doesn’t necessarily mean that it should be me. Though my people want me to be king, God did not tell me that it should be me. So, I am praying that God would give the kingdom, a king that will bequeath peace, growth and development to the community. God has done more than I have expected for me. I am blessed by God as I have adhered to his instructions too.

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layinka Adedayo, owner of the popular, quick service restaurant, Tastee Fried Chicken chain, has taken solace in God since the demise of her only son, Olubunmi Adedayo, last year. In honoring the deceased, the headquarters of the fast-food joint has been renamed Bunmi’s Place. The unveiling of Bunmi’s Place reportedly held a couple of weeks back, after a remembrance service. We gathered that, while the corporate headquarters in Victoria Island, Lagos, has been renamed, other retail outlets across the country remain TFC. Until his untimely death, Olubunmi was the Executive Director at TFC. His parents staged a superlative wedding for him six years ago in Dubai, the United Arab Emirate and the union is blessed with two lovely girls.

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illionaire businessman and Chairman of Orange Drugs Limited, Chief Tony Ezenna, is said to have concluded all arrangements to give out his daughters’ hand in marriage. The bride-to-be, Cynthia Uchenna Ezenna, will be tying the nuptial knot with Chukueke Elurihuka Gboneme at Our Lady of Perpetual Help in Victoria Island, Lagos. Already, the box-like invitation cards are being circulated. The reception for the classy wedding is billed for the Grand Ballroom of Oriental Hotel, Victoria Island, Lagos.

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wo time minister, Chief (Mrs) Nike Onikepo- Akande, seems to be ageing gracefully. The beautiful woman of substance is joining the septuagenarian club. In celebrating the milestone, Akande and her hubby, Chief Adebayo Akande, will be playing host to captains of industry, top politicians, government functionaries, royal fathers and other well wishers at the Grand Ball Hall of Eko Hotel and Suites, Victoria Island, Lagos.

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M

en’s wrist watches say a great deal about them. A wristwatch suggests a man’s sense of style and can indicate how he chooses to spend his leisure time. It can also allow a wearer to show off a bit of his personality, and accentuate his ensemble in a smart manner. Some men are willing to spend large sums of money to make a statement with their watch, though this is not always necessary, and there are many watches available that deliver accuracy, durability, and style to go along with features that active men appreciate. With that in mind, the top 13 best men’s wristwatches, presented here, are all precise and stylish timepieces.


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9 + 9 ) 9 ) 29 9 ' 9 ) 9 9 9 19 (9 ) 9 5 9 ' 9 ' 9 9 9 9 9 9 ) 9 9 9 9 9 9 9 9 9 ) 9 9+ 9 9 9 9 9 1 ' ' " ' ' ' ' ' ' " $ ) 9 9 9 9 9 9 9 9 9 9 ) 9 9 9 ! 9 9 9 9 9 9 9 9 9 9 9 9 9 ' 9 9 9 9 9 9 9 9 ) 19 # 9 9 9 9 9 ) 9 9 9 49 ) 9 9 9 9 9 J 99 29 9 9 9- 9 9 9 29 9 9 9 9 9 9 9 9 9 9 9 9 19( 9 9 9 9 9 49 ' 9 7 9 B9 9 9 9 9 9 9 9 9 9 29 9 7 9 9 9 ) 19 5 9 9 9 9 9 6 9 ) 9 9 9 + 9 9 ) 19 9 9 9 9 9 9 9 9

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52

SUNDAY NEWSWATCH, OCTOBER 5, 2014

EXECUTIVE EDUCATION Unexpected outcome of success Srini Pillay

Joe Panepinto

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ƒjx„”zq„[ zƒjZ[ ^[ –YbbjxÂ’[ xY˜]\Ă“[ zÂ’[ unfortunately, not always. In my coaching ‚x^}\Y}jÂ’[ `^b„[ jÂĄj}_\YƒjZ[ ^bq[ jb\xj‚xjbj_xZ[ ƒjb\[ \]jYx[ €x_Z\x^\YzbZ[ –Y\][ \]j[ _bj¥‚j}\jq[ bj˜^\Yƒj[}zbZjÂź_jb}jZ[z€[\]jYx[Z_}}jZZ[Ă™[Z_}][^Z[\]jYx[ ^bÂĄYj\„[ zƒjx[ ”jYb˜[ ^” j[ \z[ `^Yb\^Yb[ \]jYx[ –YbbYb˜[ Z\xj^~Â’[\]j[€j^x[\]^\[\]j„[–Y [”j[Zj\[_‚[\z[€^Y Â’[^bq[\]j[ envy others feel toward them for their good fortune. Turns out that, according to recent research, these kinds of worries aren’t just in their heads — they’re very real. Here’s a summary of that research, along with suggestions for overcoming these traps. zbÂľ\[ qz[ ƒY}\zx„[ ^‚Z¤[ [ [ xj}jb\[ Z\_q„[ Z]z–Z[ \]^\[ ‚jz‚ j[ Ă?_q˜j[ j¥‚xjZZYƒj[ –YbbjxZ[ ^Z[ ^xxz˜^b\[ }z`‚^xjq[\z[Ybj¥‚xjZZYƒj[–YbbjxZ[^bq[^xj[ jZZ[ Y~j „[ \z[–^b\[\z[”j€xYjbq[\]j`“[ jYb˜[Ă?_q˜jq[bj˜^\Yƒj „[€zx[ „z_x[Z_}}jZZ[YZ[Ă?_Z\Y ^” „[^b[Y`‚ Y}Y\[€j^x“[ Z[^[xjZ_ \Â’[ Z_}}jZZ[}^b[]jY˜]\jb[^`”Yƒ^ jb}jÂ’[jƒjb[_b}zbZ}Yz_Z „’[ ^”z_\[ –YbbYb˜“[ ]^\[ }^b[ „z_[ qz[ ^”z_\[ \]YZĂ“[ j^xb[ \z[`zqjx^\j[–]jb[^bq[–]jxj[„z_[j¥‚xjZZ[]^‚‚YbjZZ[ ^”z_\[„z_x[Z_}}jZZ“[ ]^xj[\]j[˜zzq[bj–Z[–Y\][z\]jx[ successful people. And focus your conversation on other things you are developing when you are Z_}}jjqYb˜[Zz[^Z[bz\[\z[^bbz„[‚jz‚ j“[ \xY~Yb˜[^[”^ ^b}j[ ”j\–jjb[^_\]jb\Y}^ „[^q`Y Yb˜[„z_x[]^‚‚YbjZZ[^bq[ ‚xj\jbqYb˜[\z[Âśbz\[}^xjÂŹ[YZ[Y`‚zx\^b\“[ j[Z]z_ q[jbĂ?z„[ \]j[`z\Yƒ^\Yzb[\]^\[}z`jZ[€xz`[”jYb˜[Z_}}jZZ€_ Â’[x^\]jx[ \]^b[Z^”z\^˜Yb˜[z_xZj ƒjZ[–]jb[–j[^xj[Yb^_\]jb\Y}“[ zx[ jÂĄ^`‚ jÂ’[ ^„’[^[}_xxjb\[} Yjb\Â’[zEjb[Z`Y jZ[Yb[^[‚ j^Zjq[ way when he announces good news to his company zx[\]j[‚_” Y}Â’[”_\[^ –^„Z[€z}_ZjZ[zb[\]j[_b}zbÂź_jxjq[ ‚^\][^]j^q“[ j[^ƒzYqZ[ Z\[‚_`‚Z[^bq[zƒjx\[ZY˜bZ[z€[ victory even when he is overjoyed, and reserves this for conversations with select people in his life. z}_Z[zb[\]j[ƒ^ _j[„z_[”xYb˜’[bz\[zb[–YbbYb˜[‚jx[Zj¤[ bz\]jx[Z\_q„[€z_bq[\]^\[–]jb[‚jz‚ j[^xj[ZY`Y ^x[”_\[ Z_‚jxYzx[\z[_Z[Yb[\]jYx[^}]Yjƒj`jb\ZÂ’[z_x[”x^YbÂľZ[}zbÂąY}\[ center is activated leading to envy. In addition, when \]jZj[‚jz‚ j[€^Y Â’[z_x[”x^YbÂľZ[xj–^xq[}jb\jx[YZ[^}\Yƒ^\jq[ leading to feelings of schadenfreude (pleasure when someone else falls from grace). When we win, we assume that others will feel similarly, as we project our z–b[€jj Yb˜Z[zb\z[\]j`“[ ]YZ[€j^x[`^„[”j[_b}zbZ}Yz_Z[ zx[}zbZ}Yz_Z[^bq[`^„[qYZx_‚\[z_x[}zb qjb}jÂ’[}^_ZYb˜[ ^bÂĄYj\„[^”z_\[\]j[jBj}\[z€[z_x[Z_}}jZZ[zb[z\]jx[‚jz‚ j“[ To counteract this fear of someone else wishing we –z_ q[€^ Â’[€z}_Z[YbZ\j^q[zb[\]j[ƒ^ _j[\]^\[„z_[”xYb˜[ to the world rather than winning per se. This will help

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”zzZ\[„z_x[}zb qjb}j[qjZ‚Y\j[\]YZ[€j^x“[ zx[jÂĄ^`‚ jÂ’[ ^\]„’[^[ [–]zZj[`j\jzxY}[xYZj[\z[\]j[\z‚[ jE[z\]jx[ ‚jz‚ j[˜^Z‚Yb˜’[ÂśqYZ\x^}\jqÂŹ[‚jz‚ j[€xz`[\]jYx[Z]z}~[ ”„[€z}_ZYb˜[zb[\]j[ƒ^ _j[\]^\[\]j[}z`‚^b„[”xz_˜]\[\z[ the world. \^„[ Yb[ \]j[ Âś]jxj[ ^bq[ bz–¤[ ]jb[ –j[ ^b\Y}Y‚^\j[ future reactions from others, this may actually prevent us from achieving or maintaining success, and if –j[ \]Yb~[ \zz[ `_}][ ^”z_\[ \]jZj[ xj^}\YzbZÂ’[ \]j„[ `^„[ ‚xjƒjb\[_Z[€xz`[Z_”ZjÂź_jb\ „[^qjÂź_^\j „[}zb\xz Yb˜[ z_x[j`z\YzbZ“[[ z[`^b^˜j[\]YZ[}zbZjÂź_jb}j[z€[Z_}}jZZÂ’[ Z\z‚[ zƒjx\]Yb~Yb˜[ \]j[ Z_}}jZZ“[ z}_Z[ zb[ \]j[ Âś]jxj[ ^bq[ bz–“[ j\[ ˜z[ z€[ –zxx„Yb˜[ ^”z_\[ \]j[ €_\_xj[ ^bq[ x^\Yzb^ YžYb˜[ \]j[ ‚^Z\“[ [ ”ZjZZYzb[ –Y\][ \]j[ ‚^Z\[ }^b[ ”j[qYZ\x^}\Yb˜[^bq[YZ[bz\[^ –^„Z[]j ‚€_ “[ ZzÂ’[Y\[–Y [ prevent you from clearing your mind. The study ^”zƒj[ Z]z–Z[ \]^\[ –]jb[ –j[ Yb\j˜x^\j[ –]^\[ –j[ ^xj[ anticipating into the here-and-now, we are more likely \z[`^b^˜j[z_x[j`z\YzbZ[`zxj[jBj}\Yƒj „“[ ]YZ[`j^bZ[ enjoying, accepting, and motivating ourselves with our

Z_}}jZZjZ“[ zjÂ’[^b[jb\xj‚xjbj_xÂ’[^ –^„Z[Âśxj}^ Y”x^\jZÂŹ[ ^Ejx[j^}][xz_bq[z€[€_bqYb˜[”„[Zj Yb˜[bj–[˜z^ Z[^bq[ €z}_ZjZ[ zb[ –]^\[ ]j[ ]^Z[ \z[ jÂĄj}_\j[ zb[ bz–’[ x^\]jx[ \]^b[ z”ZjZZYƒj „[ \x„Yb˜[ \z[ œ‚Z„}]z z˜YžjÂŹ[ ]YZ[ ‚xYzx[ victories. He chooses a time to let go and moves on. j^}][]Y˜]jx¤[[ Yb^ „’[–]jb[–j[^xj[^\[\]j[Z_``Y\[z€[ z_x[}^xjjxZÂ’[–j[`^„[”j}z`j[”zxjq[\z[\]j[‚zYb\[\]^\[–j[ Z z–[qz–b[\zz[`_}][^bq[”j}z`j[qYZzxYjb\jq“[[ ]YZ[YZ[ }^ jq[Âś\]j[Z_``Y\[Z„bqxz`j“[ z[‚xjƒjb\[”zxjqz`Â’[ „z_[]^ƒj[\z[^ –^„Z[”j[ zz~Yb˜[€zx[Z\Y`_ ^\Yb˜[–^„Z[ to apply your mastery. When you have mastered Zz`j\]Yb˜’[ ^Z~[ „z_xZj €¤[ z–[ „z_[ }^b[ Ybbzƒ^\j[ ^xz_bq[ \]YZĂ“[ ^\}][ z_\[ €zx[ „z_x[ z–b[ ”zxjqz`[ ^Z[ Y\[}^b[ j^q[„z_[\z[Z^”z\^˜j[„z_xZj €’[^bq[^ Zz[–^\}][ z_\[€zx[xj^}\Yƒj[ ^\jx^ [Z]YEZ[Yb[Ă?z”[]Yjx^x}]„[ZY`‚ „[ \z[jZ}^‚j[„z_x[”zxjqz`[z€[`^Z\jx„“[ _^b˜’[^[€_bq[ manager, sticks to his investment process within his }z`‚^b„[^bq[^Ejx[^[Z\xj^~[z€[`^Ă?zx[–YbZÂ’[]j[x^YZjZ[ \]j[ ”^x[ jƒjb[ `zxj[ €zx[ ]Y`Zj €[ ^bq[ jb˜^˜jZ[ Yb[ \]YZ[ Âśxj^}]YbÂ˜Â“ÂŹ

5 effective ways to work from home Carolyn O’Hara

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ore people are foregoing a lengthy commute and working from home. Whether you are a full-time freelancer or the occasional telecommuter, working z_\ZYqj[^b[zJ}j[}^b[”j[^[}]^ jb˜j“[ ]^\[^xj[\]j[”jZ\[ ways to set yourself up for success? How do you stay focused and productive? And how do you keep your work life separate from your home life? What the experts say The days when working from home conjured an image of a slacker in pajamas are rapidly disappearing. Technological advances and employers looking to lower costs have resulted in more people –zx~Yb˜[z_\ZYqj[^b[zJ}j[\]^b[jƒjx[”j€zxj“[ „[zbj[ jZ\Y`^\jÂ’[\j j}z``_\Yb˜[Yb}xj^Zjq[Yb[\]j[ “ “[”„[½ÂšÂş[ ”j\–jjb[ ™šš›[ ^bq[ ™š Â™Â“[ Âś ]j[ z”ƒYz_Z[ ”jbj \Z[ €zx[ –zx~jxZ[Yb} _qj[ÂąjÂĄY”Y Y\„’[^_\zbz`„’[^bq[\]j[}z`€zx\[ of working in your own space,â€? says Ned Hallowell, author of the forthcoming Driven to Distraction at Work. And done well, working from home can mean a marked increase in output. A Stanford University study last year found that the productivity of j`‚ z„jjZ[–]z[–zx~jq[€xz`[]z`j[–^Z[ ²º[]Y˜]jx[ \]^b[\]jYx[zJ}j—”z_bq[}z j^˜_jZ“[ jz‚ j[zEjb[€jj [ they make more progress when working from home, says Steven Kramer, a psychologist and author of The xz˜xjZZ[ xYb}Y‚ jÂ’[^bq[Âśz€[^ [\]j[\]Yb˜Z[\]^\[}^b[”zzZ\[ people’s work life, the single most important is simply making progress on meaningful work.â€? Here’s how to –zx~[€xz`[]z`j[jBj}\Yƒj „“ Maintain a regular schedule Âś Y\]z_\[Z_‚jxƒYZYzbÂ’[jƒjb[\]j[`zZ\[}zbZ}Yjb\Yz_Z[ z€[_Z[}^b[Z ^}~[zBÂ’ÂŹ[Z^„Z[ ^ z–j “[ j Yb˜[^[Z}]jq_ j[ not only provides structure to the day, it also helps you stay motivated. Start the day as you would if you –zx~jq[Yb[^b[zJ}j¤[ j\[_‚[j^x „’[˜j\[qxjZZjqÂ’[^bq[ try to avoid online distractions once you sit down to

Tell your team what customers should say about them

work. Whether you just started working at home or „z_ÂľÂƒj[”jjb[qzYb˜[Y\[€zx[`zb\]Z[zx[„j^xZÂ’[\^~j[^[€j–[ –jj~Z[\z[qj\jx`Ybj[\]j[”jZ\[x]„\]`[€zx[„z_x[q^„“[ ]jb[ Zj\[xj^ YZ\Y}[j¥‚j}\^\YzbZ[€zx[–]^\[„z_[}^b[^}}z`‚ YZ][ zb[^[q^Y „[”^ZYZ“[Âś ^~j[^[Z}]jq_ j[^bq[Z\Y}~[\z[Y\Â’ÂŹ[Z^„Z[ x^`jx“[ ^~j[ Z_xj[ „z_[ ˜Yƒj[ „z_xZj €[ ‚jx`YZZYzb[ \z[ ]^ƒj[qz–b\Y`j“[ €[„z_[]^ƒj[\z[–zx~[jÂĄ\x^[]z_xZ[zb[^[ ‚xzĂ?j}\Â’[˜Yƒj[„z_xZj €[Zz`j[jÂĄ\x^[€xjj[\Y`j[ ^\jx[zb[\z[ compensate. Set clear boundaries When you work at home, it’s easy to let your work Y€j[” _x[Yb\z[„z_x[]z`j[ Y€j“[Âś b jZZ[„z_[^xj[}^xj€_ [ \z[`^Yb\^Yb[”z_bq^xYjZÂ’[„z_[`^„[Z\^x\[\z[€jj [„z_Âľxj[ always at work and lose a place to come home to,â€? Hallowell says. That’s why it’s important to keep the two distinct. One way to do that is to set aside a separate space in your home for work. You also want to make sure your friends and loved ones understand \]^\[jƒjb[\]z_˜][„z_[^xj[^\[]z`jÂ’[„z_[^xj[zB[ Y`Y\Z[ q_xYb˜[ „z_x[ Z}]jq_ jq[ –zx~[ ]z_xZ“[ Âś €[ \]j[ qzzx”j [ xYb˜ZÂ’[_b jZZ[ Âľ`[xj^ „[j¥‚j}\Yb˜[Zz`j\]Yb˜’[ Âľ [Y˜bzxj[ it,â€? says Kramer. That not only helps you stay focused, ”_\[`^~jZ[Y\[j^ZYjx[\z[˜j\[z_\[z€[–zx~[`zqj[^\[\]j[jbq[ z€[\]j[q^„“[Âś }]jq_ j[„z_x[\Y`j[–Y\][„z_x[€^`Y „’[^bq[ –Y\][„z_xZj €’[Z^„Z[ x^`jx“[Âś _\[\]zZj[zb[„z_x[q^Y „[ calendar as seriously as you would your work.â€? And qzbÂľ\[–zxx„[^”z_\[Z\z‚‚Yb˜[€zx[\]j[q^„[Y€[„z_Âľxj[zb[^[ xz [–Y\][^[‚xzĂ?j}\“[ ^_ZYb˜[Yb[\]j[`Yqq j[z€[Zz`j\]Yb˜[ –Y [`^~j[Y\[j^ZYjx[\z[Ă?_`‚[Yb\z[\]j[\^Z~[\]j[bjÂĄ\[q^„[ Ă™[^[\Y‚[\]^\[YZ[ƒ^ Yq[€zx[jƒjx„zbjÂ’[”_\[jZ‚j}Y^ „[\]zZj[ –zx~Yb˜[€xz`[]z`j“[Âś xbjZ\[ j`Yb˜–^„[–z_ q[\x„[\z[ leave the middle of a paragraph at the end of the day,â€? Z^„Z[ x^`jxÂ’[ ÂśZz[ –]jb[ ]j[ Z^\[ qz–b[ ^˜^YbÂ’[ ˜j Yb˜[ Z\^x\jq[ –^ZbÂľ\[ ]^xq[ ”j}^_Zj[ ]j[ ~bj–[ –]jxj[ Y\[ –^Z[ going.â€? Take regular breaks \[ `^„[ ”j[ \j`‚\Yb˜[ \z[ –zx~[ Âą^\[ z_\Â’[ jZ‚j}Y^ „[ if you’re trying to prove that you’re productive at ]z`j“[ _\[ Y\ÂľZ[ ƒY\^ [ \z[ Âś\^~j[ xj˜_ ^x[ ¼”x^Yb[ ”xj^~ZÂ’¾[

says ^ z–j “[ z–[zEjb[YZ[”jZ\Ă“[ jZj^x}]jxZ[^\[^[ Zz}Y^ [`jqY^[}z`‚^b„[xj}jb\ „[\x^}~jq[\]j[]^”Y\Z[z€[ their most productive employees. They discovered \]^\[ \]j[ ”jZ\[ –zx~jxZ[ \„‚Y}^ „[ –zx~jq[ Yb\jb\ „[ €zx[^xz_bq[›™[`Yb_\jZ[^bq[\]jb[\zz~[^[ ĂšÂ—`Yb_\j[ ”xj^~“[ bq[\]jZj[xjZ\zx^\Yƒj[”xj^~Z[bjjqbÂľ\[\^~j[^b„[ ‚^x\Y}_ ^x[€zx`“[Âś \[}^b[”j[^Z[ZY`‚ j[^Z[Z\^xYb˜[z_\[\]j[ window or reading the newspaper,â€? says Hallowell, ^b„\]Yb˜[\z[˜Yƒj[„z_x[”x^Yb[^b[z‚‚zx\_bY\„[\z[”xYj¹„[ xj}_‚jx^\j“[Âś ]j[”x^Yb[YZ[ Y~j[^b„[z\]jx[`_Z} j“[ \[ bjjqZ[\z[xjZ\Â’ÂŹ[Z^„Z[ x^`jx“[Âś z[€zx[^[–^ ~Â’[˜j\[Zz`j[ jÂĄjx}YZjÂ’[Z\xj\}]“[ ]jb[˜j\[”^}~[\z[–zx~“ Stay connected xz zb˜jq[ YZz ^\Yzb[ }^b[ j^q[ \z[ –j^~jbjq[ productivity and motivation. So if you don’t have ^[Ă?z”[\]^\[xjÂź_YxjZ[€^}j—\Y`j[–Y\][z\]jxZ[zb[^[q^Y „[ ”^ZYZÂ’[ „z_[ bjjq[ \z[ ‚_\[ Yb[ \]j[ jÂĄ\x^[ jBzx\[ \z[ Z\^„[ }zbbj}\jq“[ ^~j[ ^[ ‚zYb\[ z€[ Z}]jq_ Yb˜[ xj˜_ ^x[ }zBjjZ[ ^bq[ `jj\Yb˜Z[ –Y\][ }z j^˜_jZÂ’[ } Yjb\ZÂ’[ ^bq[ –zx~[ ‚jjxZ“[ j\[ Ybƒz ƒjq[ –Y\][ ‚xz€jZZYzb^ [ organizations. And use online networking sites like Yb~jq b[ \z[ `^Yb\^Yb[ }zbbj}\YzbZ[ –Y\][ €^x—¹_b˜[ }zb\^}\Z“[ Yb}j[ƒYZY”Y Y\„[}^b[”j[^b[Y`‚zx\^b\[€^}\zx[ Yb[–]z[˜j\Z[‚xz`z\jq[Â…zx[Z}^‚j˜z^\jqÂ?[”^}~[^\[\]j[ zJ}jÂ’[}]j}~[Yb[^Z[zEjb[^Z[„z_[}^b[–Y\][}z j^˜_jZ[ ^bq[ Z_‚jxYzxZ“[ Âś j [ ‚jz‚ j[ –]^\[ „z_Âľxj[ qzYbÂ˜Â’ÂŹ[ says Kramer. Share some of the tasks you’ve ^}}z`‚ YZ]jq[\]^\[q^„“[Âś \ÂľZ[}xY\Y}^ „[Y`‚zx\^b\[bz\[ Ă?_Z\[€zx[„z_x[}^xjjxÂ’[”_\[€zx[„z_x[‚Z„}]z z˜Y}^ [–j — ”jYbÂ˜Â’ÂŹ[]j[Z^„Z“ Celebrate your wins When you’re working on your own at home, Z\^„Yb˜[`z\Yƒ^\jq[}^b[”j[qYJ}_ \Â’[jZ‚j}Y^ „[–]jb[ qYZ\x^}\YzbZ[ Ă™[ ^}j”zz~Â’[ \]^\[ ‚Y j[ z€[ ^_bqx„’[ \]j[ } zZj\[\]^\[bjjqZ[zx˜^bYžYb˜[Ă™[^”z_bq“[ bj[Z`^x\[ way to maintain momentum is to spend a moment zx[\–z[^}~bz– jq˜Yb˜[–]^\[„z_[]^ƒj[”jjb[^” j[\z[ ^}}z`‚ YZ][ \]^\[ q^„’[ x^\]jx[ \]^b[  ¥^\Yb˜[ zb[ –]^\[ you still need to do.

z–[qz[„z_[˜j\[j`‚ z„jjZ[\z[”j]^ƒj[Yb[–^„Z[ \]^\[qYBjxjb\Y^\j[„z_x[”x^bq[\z[\]j[‚jz‚ j[ \]^\[`^ jx[`zZ\[\z[„z_x[”_ZYbjZZ¤[}_Z\z`jx[ prospects, clients, partners, colleagues, and recruits? Too many companies are still trying to create thick `^b_^ Z[\]^\[ ^„[z_\[jƒjx„[‚zZZY” j[Z}jb^xYz[^bq[^[ }zxxjZ‚zbqYb˜[ ”x^bq—^‚‚xz‚xY^\j[ xjZ‚zbZj[ Ă™[ ^b[ ÂśY€[\]j„[qz[\]YZÂ’[„z_[qz[\]^\ÂŹ[~Ybq[z€[^‚‚xz^}]“[ jx„[ reactive. Y\][ \]j[ –zx q[ ^[ `jZZ„[ ‚ ^}j[  jq[ –Y\][ _bj¥‚j}\jq[ ZY\_^\YzbZÂ’[ Y\ÂľZ[ Ă?_Z\[ bz\[ ‚zZZY” j[ \z[ anticipate everything. (I’d argue it’s not even qjZYx^” j“Â?[ z[ Y€[ „z_[ }^bÂľ\[ Z}xY‚\[ jƒjx„[ Yb\jx^}\YzbÂ’[ what are some ways to drive a consistent customer j¥‚jxYjb}j[ €xz`[ ^[ qYƒjxZj[ x^b˜j[ z€[ j`‚ z„jjZ[ across an even more varied range of interactions? b[‚xj‚^xYb˜[€zx[^[”x^bq[j¥‚jxYjb}j[–zx~Z]z‚[–Y\][ ^[xj\^Y [”^b~Yb˜[}_Z\z`jx[xj}jb\ „[zbj[~j„[j j`jb\[ ”j}^`j[ ‚xj „[ } j^x¤[ z_[ ]^ƒj[ \z[ –zx~[ €xz`[ \]j[ z_\}z`jZ[”^}~“[ bq[\]j[”jZ\[–^„[\z[qz[\]^\[YZ[\z[ –zx~[”^}~[^bq[€xz`[^[ZYb˜ j[Âź_jZ\Yzb¤[ ]^\[qz[„z_[ –^b\[\]j`[\z[Z^„[^Ejx[\]j„[–^ ~[^–^„Ó ]YZ[YZ[ZY`‚ j[”_\[‚z–jx€_ [Z\_B“[ j\ÂľZ[Y _Z\x^\j“ bj[}^b[\j []YZ[~YqZ[]j[–^b\Z[\]j`[\z[”j[]zbjZ\Â’[ ]^xq–zx~Yb˜[ ^bq[ –j —”j]^ƒjq“[ _\[ \]j„[ Ă™[ Y~j[ „z_x[j`‚ z„jjZ[Ă™[}^b[^ –^„Z[^Z~¤[Âś ]^\[\]j[]j}~[ does that mean?â€? bZ\j^qÂ’[zbj[}^b[\j [\]j`¤[Âś [–^b\[„z_x[\j^}]jxZ[ to say you’re honest, sports coaches to say you’re hard working, and grandparents to say you’re well”j]^ƒjq“[ z\[Ă?_Z\[\]Yb~[zx[€jj [Y\[”_\[^}\_^ „[Z^„[Y\“ „[ ÂąY‚‚Yb˜[ \]Yb˜Z[ ^xz_bq[ ^bq[ ”jYb˜[ Z‚j}Y }[ ^”z_\[ \]j[ z_\}z`jZ[ zbj[ j¥‚j}\Z[ €xz`[ \]j[ ƒ^xYz_Z[ ‚jz‚ j[\]j„¾ [jb}z_b\jx[q_xYb˜[\]jYx[q^„¤ ]^b˜j[ \]j[ ^}}z_b\^”Y Y\„“[ \ÂľZ[ bz[ zb˜jx[ ^”z_\[ \Y}~Yb˜[^[”z¥“[ z_x[xjZ‚zbZY”Y Y\„[qzjZbÂľ\[jbq[zb}j[ you’ve said or done something from a list I gave you. It ends when you’ve driven the outcome we’re looking for. }}z_b\[ €zx[ \]j[ _bj¥‚j}\jq“[ €[ \]j[ €z}_Z[ YZ[ zb[ what someone is going to say when they walk away, \]jb[Y\[xj^ „[qzjZbÂľ\[`^ jx[–]^\[\]j[ZY\_^\Yzb[YZ[\]^\[ they’re walking away from. The consistency is not in \]j[”j]^ƒYz_x[”_\[Yb[\]j[˜z^ “ }\Yƒ^\j[ \]jYx[ }_ \_x^ [ ~bz– jq˜j“[ ]YZ[ YZ[ ^[ ”Y˜[ zbj“[ ƒjx„zbj[ YZ[ qYBjxjb\“[ bq[ ]z–[ „z_[ Yb\jx^}\[ with someone to make them think you’re honest zx[ ]^xq–zx~Yb˜[ zx[ –j [ ”j]^ƒjqÂ’[ `^„[ ”j[ ƒjx„[ qYBjxjb\[ €xz`[ ]z–[ [ –z_ q[ qz[ Y\“[ \ÂľZ[ \]j[ –]z j[ freedom-within-a-framework idea and puts the zb_Z[zb[\]j`[\z[ Â˜_xj[Y\[z_\“ ^~j[Y\[Z‚j}Y }“[ „[Yqjb\Y€„Yb˜[\]j[^_qYjb}j[^bq[ \]j[z_\}z`jÂ’[ ÂľÂƒj[`zƒjq[”x^bq[”j]^ƒYzx[€xz`[\]j[ land of the vague to the world of the concrete. ]^\[ qYq[ \]YZ[ zz~[ Y~j[ €zx[ \]^\[ xj\^Y [ ”^b~Yb˜[ } Yjb\[ [–^Z[\^ ~Yb˜[^”z_\Ă“ \Z[ j^qjxZ[–^b\jq[\]jYx[”x^bq[\z[”j[~bz–b[€zx[ \]xjj[ \]Yb˜Z¤[ Yb˜jb_Y\„’[ ZY`‚ Y}Y\„’[ ^bq[ ]_`^bY\„“[ zÂ’[ YbZ\j^q[ z€[ qzYb˜[ \]j[ _Z_^ [ Ă™[ jÂĄ]zx\Yb˜[ \]jYx[ j`‚ z„jjZ[\z[”j[Yb˜jbYz_ZÂ’[”j[ZY`‚ jÂ’[^bq[”j[]_`^b[ — we translated those three things into what they Z]z_ q[Z\xYƒj[\z[˜j\[z\]jxZ[\z[Z^„[^”z_\[\]j`[Â…^bqÂ’[ ”„[^ZZz}Y^\YzbÂ’[\]j[”x^bqÂ?“[ z`j[jÂĄ^`‚ jZ¤ [Âś [qYqbÂľ\[j¥‚j}\[]Y`[\z[qz[\]^\Â’[”_\[ Âľ`[˜ ^q[\]j„[ did.â€? (Ingenuity) [ Âś ]^\[ –^Z[ j^Z„[ ^bq[ –j [ –zx\][ \]j[ jBzx\“[ (Simplicity) [Âś z–’[Z]j[˜j\Z[Y\“[ ]j[~bj–[Ă?_Z\[–]jxj[ [–^Z[^bq[ what I needed.â€? (Humanity) Of course, you have to supplement all of this –Y\][ \x^YbYb˜[ €z}_Zjq[ zb[ ‚zZY\Yƒj[ jÂĄ^`‚ jZ[ ^bq[ ‚^x^`j\jxZ[ ^xz_bq[ –]^\ÂľZ[ ^}}j‚\^” j[ zx[ ^ z–jq[ ^bq[ –]^\ÂľZ[ bz\“[ _\[ ”„[ Z\^x\Yb˜[ –Y\][ \]j[ jbq[ ^bq[ \]Yb~Yb˜[^”z_\[–]^\[„z_[–^b\[‚jz‚ j[\z[Z^„[^”z_\[ „z_x[ ”x^bq[ ^Ejx[ „z_[ –^ ~[ ^–^„’[ „z_ÂľÂƒj[ ˜z jb[ ^[ ‚xj „[˜zzq[Z\^x\“

Joe Panepinto is a senior vice president at Jack Morton Wordwide, a brand experience agency, and an adjunct professor at Boston University’s College of Communication.


53

SUNDAY NEWSWATCH, OCTOBER 5, 2014

JUST JUSTICE Human rights: NOPRIN, lawyers carpet NPF over denial of Amnesty report

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ollowing the denial by Nigeria’s police of torture which a report by the Amnesty International(AI) indicted then for, the Network of Police Reform in Nigeria (NOPRIN) has carpeted the police force for refuting the indictment. AI had, on September 18, accused the Nigeria Police and military for routinely torturing women, men and children as young as 12 with beatings, shootings, rape, electric shocks and using of pliers to pull out teeth and nails. The international human right watch agency had also said most people detained by the security agents were denied access to the outside world and prevented from seeing their family or lawyers. Amnesty said violation of human rights has become an institution in Nigeria with many police stations having an informal OC Torture, `j^bYb˜[ ÂśzJ}jx[ Yb[ }]^x˜j[ z€[ torture.â€? It had also stated that people are frequently and indiscriminately being arrested and are tortured Yb[ ÂśZ}xjjbYbÂ˜ÂŹ[ \z[  bq[ Z ^`Y}[ extremists. “Across the country, the scope ^bq[ZjƒjxY\„[z€[\zx\_xj[YbÂąY}\jq[zb[ Nigeria’s women, men and children by the authorities who are supposed to protect them is shocking to even the most hardened human rights observer,â€? he said. Some of the forms of torture described by AI are people being forced to stand on broken glass for days, pouring melting plastic on people’s backs, women being raped with foreign objects, people being shot in the knee or hand and ‚_ Yb˜[ z_\[ z€[ \jj\]Â’[  b˜jxb^Y Z[ and toenails with pliers. It said Nigeria’s Constitution bans torture but the country has no law making it illegal or punishable. AI also indicted the government that it is aware of the problem ”j}^_Zj[ Y\[ ]^Z[ Zj\[ _‚[ ^\[ j^Z\[  ƒj[ xjZYqjb\Y^ [ }z``Y jjZ[ ^bq[ working groups over the past 10 years to reform the criminal justice system and eradicate torture, but nothing else has been done. As soon as the report went viral, Nigeria’s Police Force denied the charges and accused Amnesty z€[ bz\[ ]^ƒYb˜[ €^}\Z[ \z[ ”_ xjZZ[ Y\Z[ allegations. The police authority said that since Nigeria came out of decades of military dictatorship in 1994, “the Police Force has ZY˜bY }^b\ „[Y`‚xzƒjq[zb[Y\Z[]_`^b[ rights records, owing largely to training and re-training, community ‚z Y}Yb˜’[ ^ Y\_qYb^ [ }]^b˜j[ ^bq[ structural transformation,â€? though it promised to investigate the allegation. However, NOPRIN, reacting to the report and the Nigerian Police qjbY^ Â’[ Z^Yq[ Y\[ –^Z[ ”^Rjq[ \]^\[ \]j[ police authority could deny such allegations. In a statement issued by NOPRIN

through its National Coordinator, Okechukwu Nwanguma, it said the Nigerian Police Force is only hiding the fact as stated by Amnesty. “How can the Nigeria Police Force deny Amnesty International’s latest report documenting cases of torture and abuse by its personnel? How can the NPF deny that its personnel engage in torture, summary and extrajudicial executions and other human rights abuse,â€? it asked. NOPRIN added that rather than ^}}j‚\Yb˜[ \]^\[ \]jxj[ ^xj[ Âą^–Z[ Yb[ its human rights record, the police are embarking on face saving as jÂĄj`‚ Y jq[”„[Y\Z[qjbY^ “ “Nigeria Police authorities should refrain from playing the ostrich by their habitual denial and cover up of the atrocities of their personnel. They should, instead, tackle seriously and with sincerity, the fact of routine and egregious human rights abuses by police personnel which are as obvious as a sore thumb.â€? Corroborating Amnesty, NOPRIN said Nigeria Police is known for its violation of human rights. It also indict the police authority of ‘looking’ the other way’ when its men perpetrates such abuse. It added that rather than punish any of its men who violates human rights, the police authority encourages them by shielding them from prosecution. “It is not in dispute that Nigeria Police personnel routinely abuse the human rights of Nigerians with impunity. Police authorities are also reluctant to punish and deter abuses either because sometimes, these abuses are ordered or condoned at the top or they simply want to cover up to protect the police from public scorn. Since August 2013, NOPRIN has forwarded no less than 10 ‚j\Y\YzbZ[ \z[ \]j[ zJ}j[ z€[ \]j[ [ }zb}jxbYb˜[ qYBjxjb\[ }^ZjZ[ z€[ breach of established arrest and detention procedures, torture, detention without trial, denial of detainees’ access to family, legal representation and medical care. This is very typical of SARS Awkuzu, Anambra State, under Mr. James Nwafor, O/C SARS. “Despite all the petitions with details and evidence of abuse by or under Mr. James Nwafor, this blood-thirsty policeman has xj`^Ybjq[ ^\[ ]YZ[ ‚zZ\[ }z``Y Yb˜[ more and more atrocious human rights abuses every day with impunity,â€? it stated. Citing another instance, the statement said “In the case of one Chinagorom Ihejiagwa, who has been in detention at SARS Awkuzu since May 29, 2014, a High Court in Anambra State made an order in June on the Anambra State Commissioner of Police and in particular, Mr Nwafor, the O/C SARS Awkuzu, to grant him bail or produce him in Court. The O/C SARS did not only dismiss

Suleiman Abba

the order, but has continued to contemptuously disregard it and NOPRIN has brought this case to \]j[ ^ jb\Yzb[ z€[ \]j[ [ –Y\]z_\[ any known action. How can a police behave in this way in a democracy and yet, the NPF is refuting Amnesty International’s charges in its latest report.â€? It added: “To lend credence to the report by Amnesty and prove the NPF wrong, NOPRIN will compile afresh, all cases of torture, extrajudicial killing and sundry abuses previously sent \z[ \]j[ [ ^bq[ ^\Yzb^ [ _`^b[ Rights Commission (NHRC), and challenge the police -this time, to investigate and make their  bqYb˜Z[‚_” Y}“ Reacting, a legal practitioner and human rights activist, Barrister Umar Faruq, told Sunday Newswatch that Amnesty b\jxb^\Yzb^ [ YZ[ ^[ }zb x`^\Yzb[ z€[ the brutality the Nigerian Police is known for. Âś[ z[ `^ jx[ ]z–[ \]j[ Y˜jxY^[ Police tried to deny the allegations, the facts are there for all to see. They are so brutal that every Nigerian sees a policeman as an enemy, not a friend. I stand corrected that they are the most hated government agency in Nigeria. They are so corrupt and do not have respect for human rights. I have had to handle so many cases of abuse by the police and what I have found out is that they act with impunity. They believe they have the gun and no citizen dares challenge them whenever they misbehave,â€? he said. He added “The most annoying thing is that even those at the top of the NPF are also guilty of it. They shield their men, they will tell you they conducted in-house trial and promise that the police would be prosecuted but at the end, such policeman would only be transferred to another station or state.â€? Also, Barrister Komolafe Richard

said until the Nigeria Police is reformed and its men trained on the need for upholding human rights according to the best practice in other parts of the world, cases of violation of human rights will continue to be on the increase. “I think the Police Force needs to be reformed and its men trained. ^b„[ z€[ \]j[ ‚z Y}j[ zJ}jxZ[ }^`j[ from a rough background and have been used to torture. They need to be educated and informed that human’s dignity is essential. Anyone found violating it must be prosecuted and made to face the full wrath of the law,� he said.

“Across the country, the scope and severity of +/0+102 (%3('+24 on Nigeria’s women, men and children by the authorities who are supposed to protect them is shocking to even the most hardened human rights observer,� he said


54

SUNDAY NEWSWATCH, OCTOBER 5, 2014

Vibes NEWSWATCH

SUNDAY NEWSWATCH, OCTOBER 5, 2014

Writing songs comes naturally to me –Sunny Neji Although he grew up singing and dancing to native songs, Sunny Neji, akaMrFantastic,sayshewas exposed to contemporary music when he came to Lagos to live with his elder brother. With hits such as Oruka, Idembono, Face me I face you, Lovey Dovey ,and several other songs, the Cross River State indigene comes from a musically– inclined family. In this interview with BUKOLA BAKARE, he recalls some of the experiences that have inspired him to sing as well as the key things he looks out for when writing his songs. What pushed you into music? huckles)I wasn’t pushed into music. I believe that everyone has been created to do something in particular. Just like the Bible said that we have all been given talents, so it’ss how much you are drawn to do somethingg that makes you go there and how muchh passion. I was born into music and I am m also passionate about it and that’s why I am m still in music. It’s not like I just sat down and d thought this was the best vocation for me, it’s t’s ngg something that comes naturally to me. Writing ng songs come naturally to me, so I am just doing what I like best. ou In other words, it wasn’t like something you opted for as a pastime? No. 7<; FKH; D9?7CC; ]J9<; FKH; ]DK@9; FKHD; ^DP@ ^DP@; song? I can’t recall exactly, but I am sure that it was sometime in the eighties and I can’t remember the title of the song. Professionally, how long have you been in music? I have been doing this professionally since 1991. Obviously, theree must have been upss d and downs here and there? I am not yet et ^\[ €_  jq[ ^bq[ \]^\[ me is because I come from a period when en tryy I saw the industry completely structured ed and I have been een around and I have ave seen all the structures ures within go down and

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collapse. We are now in an era where the industry has no structures and a lot has gone wrong, so I can’t Z^„[ [ ^`[ €_  jq“[ [ –z_ q[ ]^ƒj[ zƒjq[ ^[ situation where things would be ”j jx[\]^b[\]j„[–jxj“[ What are those things you look out for when writing your songs? I am inspired by my personal experiences: what I am going through at that particular point in time, what is happening around me in the country and the world at large. The environment is also a contributory factor. Do you write all your songs? To a large extent, yes. Let us go back in time. Were there any experiences that have helped shaped you into who you are today? [^`[\]j[ ^Z\[z€[ ƒj[}]Y qxjb[^bq[`„[€^\]jx[ was a soldier. I was born in Yaba, Lagos and my €^\]jx[xj\Yxjq[Z]zx\ „[^Ejx[`„[”Yx\][\z[xj\_xb[\z[ my village in Ogoja, Cross Rivers State, where I grew up. I grew up in a musically inclined family, singing and dancing. Did you y start singing g from the church, most ^x\YZ\jZ[zEjb[Z^„[\]^\Ă“[ ^x\YZ\jZ[zEjb[Z^„[\]^\Ă“

Neji

No, N I grew up singing i i and d dancing traditional music. I mean native and down-to-earth music. That means you can Th dance very well? dan can dance I traditional music trad but not hip-hop or Z\_B[ Y~j[ \]^\’[ Zz[ [ Z\_ grew up singing and ggre dancing because da my grand-father m used us to be a chief of several quarters aand our compound was always a w beehive of cultural b activities. However, a I was exposed to contemporary music when I came back to Lagos to live with my older ”xz\]jx[ ^Ejx[ `„[ father’s death. He was a music lover and I remember we had every kind of music in the

house then, from Jazz to pop, rock, apala, fuji, juju highlife and country music, so I became exposed to contemporary music through him. I think my stay with him helped to give me inspiration and direction into music. How many albums do you have to your credit now? There was an album before Mr. Fantastic which didn’t do very well, so it’s not known and that was in 1993. Then, we had Roforofo before Oruka. I have also released the album, Timeless, among others. Did anyone in your family raise an eyebrow when you decided to go into music professionally? No one raised an eyebrow, they were used to it by the time I started out, so I have no regrets doing what I do. What is your philosophy of life and do you have role models who you look up to? []^ƒj[^[qYBjxjb\[z_\ zz~[\z–^xqZ[ Y€j[”j}^_Zj[ [Zjj[jƒjx„”zq„[˜zYb˜[qz–b[qYBjxjb\[xz^qZ[^bq[ routes and we can only get the best out of life if we go down the road, learn our lessons from our experiences and be the best. I do not really pick things from people because we do not have similar experiences. Maybe expe p people peo do, but I do p not. not I believe in selfdiscovery. dis You need to discover yourself ^bq[ ^b  bq[ z_\[ –]z[ yyo are, understand you your yyo make-up and with w your makeup, up p be the best you can ca be. In life, that is why we are human h beings, we w are not a piece of furniture, we progress and go through ups and downs. You have to experience everything, so just j live your life. g p p y That’s myy general philosophy. A there th other th things thi that th t catch t h your fancy apart Are from music? (Pauses) I don’t think I have enough time to ˜j\[qYZ\x^}\jq[zx[^ x^}\jq[\z[\]Yb˜Z“[ b[qjƒj z‚jq[ countries like Europe and America, things are so well structured but the reverse is the case here. Everything is so dis-organised that you spend three quarters of the day trying to understand the disorganisation (chuckles) so where is the time to relax and do other things? It’s a challenge in Nigeria, but we are trying to be the best that we can be. In this business, are there clashes with your home front? It is not easy, but when you have a supportive wife, then it becomes easy. God has blessed me because I have a God fearing wife and of course, my kids, they are all wonderful. What are your likes and dislikes? \[YZ[qYJ}_ \[€zx[`j[\z[qYZ Y~j[^b„zbj“[ ^„”j[ it’s just me, but I tend to make excuses for people. Even when you do something terrible to me, I just try to make an excuse and observe why you did that thing, so I’m too understanding, peharps to a fault. I believe there is always a reason behind jƒjx„\]Yb˜[^bq[Y\[YZ[ƒjx„[qYJ}_ \[€zx[`j[\z[‚Y}~[^b[ zBjb}j“[

D Dazzling Mirage premieres at p Nollywood N Film Festival F

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he Nigerian High Commission is hosting a community reception to launch Nollywood Film F Festival and premiere Dazzling M Mirage in Wellington on October 9 at Paramount Cinemas and in A Auckland on October 16 at Rialto C Cinemas Newmarket. Nollywood Film Festival is envisioned as an annual festival e tthat screens the best of Nigerian m movies in New Zealand and Australia. A Tunde Kelani’s Dazzling Mirage is a an inspiring story of how a young ssickle cell carrier overcame social sstigma and prejudice. Chris Dada’s L Lagos Stories and Tunde Kelani’s M Maami are the other Nigerian m movies screening at the festival tthis October. As part of the festival, there will b be academic forums at Victoria U University of Wellington (VUW) a and Auckland University of T Technology (AUT). The forum h hosts are: the Film Studies programme at VUW; and African p C Communities Forum Inc as well a asWest Indian & Caribbean Society at AUT. a The theme of the forum is “ “Nigerian Movies in the Diaspora: Social, Cultural, Political S and Economic Issues�. The k keynote speaker is the Nigerian High Commissioner, Ambassador H A Ayoola Olukanni. The panellists are: Professor JJonathan Haynes (Long Island U University); Dr. Onookome O Okome (University of Alberta); Dr. Kole Ade Odutola (University of K F Florida); Tunde Kelani (Director o of Dazzling Mirage and Maami), and Chris Dada (Director of Lagos a S Stories).


55

SUNDAY NEWSWATCH, OCTOBER 5, 2014 Bayo Ogunyemi bayo.ogunyemi@mydailynewswatchng.com 08094311491

Music&Classics

‘My work on Pastor Adeboye divinely inspired’

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j[ YZ[ ^[ ˜x^q_^\j[ z€[ `_ZY}[ €xz`[ \]j[ ”^€j`Y[ –z z–z[ University and a m u s i c teacher with so many y „j^xZ[ z€[ j¥‚jxYjb}j“[ Yjb}j“ Some years ago, g he embarked on a ‚xzĂ?j}\[z€[}z`‚Y Yb˜’[ Y Yb˜’[ notating, arranging ging g g and recording ding g z€[ `_ZY}^ [ ZY}^ [ }z`‚zZY\YzbZ[ z€[ \]j[ General Overseer seer z€[ \]j[ jqjj`jq[ `jq ]xYZ\Y^b[ ]_x}][z€[ ][z€[ zqÂ’[ ^Z\zx[ bz}]“[ }]“[ A. Adeboye. ye. y Last week in Lagos, during ng an interview, w, he spoke ke extensively on \]j[‚xzĂ?j}\[\z[\]YZ[ YZ correspondence. e. ÂĄ}jx‚\Z¤[ What are those e things that at informed yourr decision to o embark on thiss project? The greatest }]^ jb˜j[ z€[ \]j[^x\[z€[`_ZY}[ making in this society is preservation. That is, xjZjxƒ^\Yzb[z€[–zx~ZÂ’[‚xjZjxƒ^\Yzb[z€[ ~ \Y € xY˜]\ZÂ’[ ‚xjZjxƒ^\Yzb[ z€[ €zx`Z[ ^bq[ Zz[ on. How can my work outlive me in Y\Z[zxY˜Yb^ [€zx`Ă“[[ z–[}^b[ [j¥‚ ^Yb[ `„[ }zb}j‚\[ z€[ ^x\Z[ \z[ ˜jbjx^\Yzb[ yet unborn while am not there? Those are the challenges we need to xjZz ƒj“[ b[ }^Zj[ z€[ `_ZY}Â’[ \]zZj[ ^xj[ \]j[ q_\YjZ[ z€[ ^[ `_ZY}z z˜YZ\Â’[ –]Y}][ [ ^`“[ ‚^x\[ €xz`[ ‚jx€zx`^b}jÂ’[ \]^\[ is what we are trained to do. In z\]jx[ } Y`jZÂ’[ „z_[ Zjj[ –zx~Z[ z€[ ˜xj^\[ artists, popular or otherwise, in the ^x}]YƒjZÂ’[ „z_[ Zjj[ ^b^ „ZYZ[ z€[ \]jZj[ –zx~Z[ ^bq[ \]jZYZ[ –xY jbÂ’[ j¥‚ ^YbYb˜[ the various concepts in the works such that even in a century to come, such works ks can still be reproduced. And like it is said, you need eed the past to moderate te and determine and d improve on the €_\_xj“ For instance, there are three things that could happen to this particular work Yb[ xjƒYj–[ Â… ”^[ Oludande by ^Z\zx[ qj”z„jÂ?[ Y€[ what I did was not done. One, it can’t be lost, I mean the entiree nd composition lost and xj\„“[ „ €zx˜z jb[ Yb[ Y\Z[ jb\Yxj\„“[ red to Two, it can be altered `Â’[ jƒjb zZj[ Y\Z[ zxY˜Yb^ [ €zx`Â’[ jƒjb[ \]j[}z`‚zZjx[}^b[€zx˜j\[\]j[€zx`[ ˜j\[\]j[€zx`[ ˜ or the melody or even the th original i i l lyrics at conception. Three, it can be Z\z jb[ ^bq[ ”j€zxj[ „z_[ ~bz–[ Y\Â’[ \]j[ }xjqY\Z[ €zx[ \]j[ –zx~[ YZ[ ^Z}xY”jq[ \z[ someone else. Funny enough that other person might have not gone out deliberately stealing it, but since he is

bz\[^ Zz[^–^xj[z€[\]j[zxY˜Yb^ [z–bjxÂ’[ he assumes authorship. [ z–’[]^ƒYb˜[qYZ}zƒjxjq[\]^\[ ^Z\zx[ Adeboye is a talented musician, he actually has a strong musical background. Like the Yoruba will say, he is ‘omo a y a n ’ because he hears the drum llanguage. He iis passionate aabout music. H He composes ssongs at w will and as occasion de demands, he w write songs €z €zx[ ]YZ[ ^bb_^ [ ‘ew ‘ewi,’ he recites at the annual }zb }zbƒjb\Yzb[ z€[ \]j \]j[ jqjj`jq[ Christian ]_ ]_x}][ z€[ God God, very good pra p praise and wor worship songs. I no now said, the entir entire human race, not only ]j[ jqjj`jq[ Chris Christian Church, or th the Christian c o m m u n i t y, his primary constituency }^bbz }^bbz\[ ^Bzxq[ \z[ lose the creativity z€[ \]YZ[ ˜xj^\[ `^b[ z€[ zq“[ j[`_Z\[qz}_`jb\Â’[–j[`_Z\[ preserve and we must retain the Art z€[ ^”^[ qj”z„j“[ These songs needed to be notated zb[`_ZY}^ [Z}zxjZ[€zx[‚zZ\jxY\„[^bq[\z[ ^ƒzYq[ qYZ\zx\Yzb[ z€[ \]j[ `j zqYjZ[ ^bq[ texts. Now, we can keep his works Yb[ Y”x^xYjZ“[ ‚^x\[ €xz`[ ]^ƒYb˜[ Y\[ Yb[ audio, we have it in print. Generations yet unborn can orchestrate it, they }^b[qz[ƒ^xY^\YzbZ[z€[\]j[–zx~ZÂ’[Y\[}^b[ be rearranged, but still, he will be entitled to his credits. Are you saying you are the ^DP@; @K; 9M{ 9M{7D|; K8; @JAP; project? ”Zz _\j „Ä[ ^b„[ ”Zz _ ]^ƒj[ ” ”jjb[ –xY jb[ abou about Daddy A d e b o ye , ]YZ ]YZ[ Y€jÂ’[ upbringing, academic pursuits, cconversion, m marriage and m ministry, etc, b but nothing h has been – –xY jb[ ^”z_\[ his musical qua q qualities and com compositional abiliti abilities. These ^xj[ Zz` Zz`j[ z€[ –]^\[ motivate motivated me. You may y come in contact with people p p ta talking about his music, has ever music but no one o put it in lines and space like I have done. And let me say this, until text YZ[ ‚_\[ Yb[ `_ZY}^ [ ^b˜_^˜j[ …–]Y}][ –j[}^ [ ƒj[ YbjZ[^bq[€z_x[Z‚^}jZÂ?Â’[Y\[ is never music but poem. Now, with what I have done, you can determine

the melody, the contour, the key and time signature that the songs are composed. Another thing we hope to do is to talk about the history surrounding the compositions. That will surely come in the next edition. With what I have done, Baba, or anyone else, can go to any orchestra worldwide and give them this book and they will play it the exact way it is sung by Baba Adeboye, no alteration bz[ `zqY }^\Yzb“[ ]^\[ YZ[ \]j[ Ă?z„[ z€[ `_ZY}z z˜„“[ €[ „z_[  bq[ „z_xZj €[ Yb[ any ministration and you have the YbZ‚Yx^\Yzb[ z€[ ZYb˜Yb˜[ ^b„[ z€[ ^Z\zx[ Adeboye’s composition in its original €zx`Â’[ Ă?_Z\[ ^Z~[ €zx[ \]j[ `_ZY}[ qYxj}\zxÂ’[ give this book to him, so long he can read music, you are good to go. How were you able to source these materials? Determination got me these materials. It wasn’t an easy task. I spent several years collecting the material and notating it. It started when I was zbj[ z€[ ]YZ[ ”^}~— ”^}~ u p musicians. I knew new him to be a pastor astor but suddenly, I discovered his musical abilities. ies. He would come me around to teach ach us these songs ngs g p e r s o n a l l y. Initially, I thought ght it was a one ne zB[ \]Yb˜’[ \]^\[ ^\[ he would stop op p coming. But the he man kept coming ng g –Y\][ qYBjxjb\[ b\ compositions. That was when n the idea struck k me. I started d ‚_ Yb˜[\z˜j\]jx[[ \]j[ \jÂĄ\[ z€[ \]j[ \zbY}[Zz €^[^Z[]j[ taught. I also got through the tape ministry at the headquarters z€[\]j[}]_x}][^\[ ”_\j[ j ^“ ” \ What are the challenges now? Are these books on the stands? Good question. The challenges are enormous. The books are in the bookshops in the United States but _bqjx[^[qYBjxjb\[}Yx}_`Z\^b}j“ What do you mean by that? ]jb[ [  bYZ]jq[ –Y\][ \]j[ compilation, notation and analysis, I ”j˜^b[\z[ zz~[€zx[]j ‚jxZ[^bq[Z‚zbZzxZ[ –]Y}][ –jxj[ bz\[ €zx\]}z`Yb˜“[ Ybq[ „z_Â’[ [qYqbÂľ\[Ă?_Z\[qz[\]YZ[zb[`„[z–bÂ’[ [ Zz_˜]\[ ^bq[ ˜z\[ ^‚‚xzƒ^ [ €xz`[ \]j[ jbjx^ [ ƒjxZjjx[ ]Y`Zj €[ ”j€zxj[ [ ‚xz}jjqjq[ ^bq[ –]jb[ [  bYZ]jqÂ’[ [ –^Z[ ˜Yƒjb[ ^[ j jx[ \z[ ˜z[ ^]j^q[ ^bq[ ‚_” YZ]“[[ ]jbÂ’[^[€xYjbq[z€[`Ybj[Yb[\]j[ US came and I discussed it with him ^bq[ ]j[ ‚xz`YZjq[ \z[ ]j ‚[ zz~[ €zx[ ^[ publisher in the US. He did and the book was published in the US. To my _ jx[ qYZ`^„’[ [ ˜z\[ ^[ }z‚„[ ^bq[ –]^\[ qYq[ [ ZjjĂ“[ „[ €xYjbq[ ‚_\[ ]YZ[ b^`j[ ^bq[‚Y}\_xj[\]jxj[^Z[^[}z—^_\]zx“[ ]YZ[ –^Z[ \zz[ `_}][ €zx[ `j[ \z[ ”j^x“[ [ –^Z[ q_`”€z_bqjq“[ [ }^ jq[ \z[ }]^ jb˜j[ ]Y`Â’[]j[}z_ q[bz\[”_\[Ă?_Z\[^‚z z˜YZj“ He and his publisher even managed to meet the General Overseer during zbj[z€[]YZ[Â… jbjx^ [ ƒjxZjjxÂ?[\xY‚Z[\z[ the USA. They planned to get him to launch the book. They went there

purposely to present the book to him €zx[ ]YZ[ ” jZZYb˜[ ^bq[ jbqzxZj`jb\“[ [ was told the G.O, not seeing me nor xj}z˜bYZYb˜[ ^b„zbj[ z€[ \]j`[ ^Z[ \]j[ ^_\]zxÂ’[ Z`j \[ ^[ €z_ [ ‚ ^„“[ j[ ‚Y}~jq[ the book, smiled and put it down. He qYq[bz\[x^YZj[Y\[_‚[€zx[\]j[}zb˜xj˜^\Yzb[ to see and to encourage them to get a copy each. He never endorsed it, I guessed that he saw two names as authors, and he knew he approved \]j[‚xzĂ?j}\[€zx[zb „[zbj[‚jxZzbÂ’[–]Y}][ YZ[`„[]_`” j[Zj €“[ j[–^Z[Z_x‚xYZjq[ \z[  bq[ \–z[ ^_\]zxZ[ \]jxj[ ^bq[ \–z[ Z\x^b˜j[ €^}jZ[ ^Z~Yb˜[ ]Y`[ \z[ jbqzxZj[ the book. What are your plans moving forward now? jZÂ’[ [^`[`zƒYb˜[€zx–^xq“[ [–^b\[\z[ publish it in Nigeria. I am done with ^[ bj–[ jqY\Yzb“[ [ zxj[ bj–[ Zzb˜Z[ ^xj[ already included, which the G.O has added in the last ten years. But now, I need credible people to work with. I bjjq[`jb[z€[Yb\j˜xY\„[\z[‚^x\bjx[with in ensuring that this thi work is moved out to school, libraries, churches, conservatories and theaters nationwide and worldwide. a T There are more m schools tteaching music these t days, both private and p public. They p learn about le Handel music H zž^x\Â’[

^q„bÂ’[ Beethoven and Be several other se Western classical We composers who com lived several live centuries back. I cen think thin we must start learning about our lear z–b[ z–b \zz“[ b[ €^}\Â’[ \]YZ[ \]YZ YZ[ \]j[ \„‚j[ z€[ works that interest wor the westerners. They are eager to learn about our own artistes, but }^b[ bq[`^\jxY^ Z“[ Already, I have been talking to ‚_” YZ]jxZ[”_\[„j\[\z[ bq[zbj[\]^\[ shares same vision with me. It is not about the mass market, which we can’t dispute. The market is there, but it is about sustaining a vision, about keeping a vision, ^[ j˜^}„[ ^ Yƒj[ €zx[ `^b~Ybq[ \z[ Z^ƒz_x[ €zx[ Y€j“[ zÂ’[ \]j[ \jx`Z[ ^bq[ conditions must be such that will propagate the vision and the gospel we are all talking about, the great commission. Also, I plan to do the launching Y``jqY^\j „[ ^Ejx[ ‚_” Y}^\Yzb“[ [ am hoping and believing that very soon, the Lord will lead the right person to me. You see, it is not my ‚xzĂ?j}\Â’[ [ ]^ƒj[ \]YZ[ Z\xzb˜[ ”j Yj€[ that this is the reason the Lord led `j[ \z[ ]j[ jqjj`jq[ ]xYZ\Y^b[ ]_x}][z€[ zq[Zjƒjx^ [„j^xZ[^˜z“[ [ am already done with the next two editions. How soon are we seeing the second part? z\[Ă?_Z\[\]j[Zj}zbq[‚^x\Â’[”_\[\]j[ \]Yxq[^bq[z\]jxZ[–Y [€z z–[^Z[Zzzb[ as the Lord blesses me with good people as helpers and sponsors.


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SUNDAY NEWSWATCH, OCTOBER 5, 2014

Sunday Business Market growth:Viability of mergers, acquisition of brokerage firms drive Operators, especially the brokerage arm of the equity market suffered greatly after the 2008 stock market crash. Majority )* +-/ 1345 -67/ -69;3< been able to sustain their operation,therebyresulting in all forms of measures, to at least, keep their business 6=)6+ FRIDAY EKEOBA posit that, for the quantum of businesses returning to the market presently, stockbrokers need solid bottom-lines to enhance their sustainability he investment climate in the nation’s capital market YZ[ ˜x^q_^ „[ Z]YEYb˜[ ^–^„[ from the uninformed class of YbƒjZ\zxZÂ’[–]Y}][}zbZ\Y\_\jZ[ښ[‚jx[}jb\[ ‚xYzx[ \z[ \]j[ ]_˜j[ `j \qz–b[ \]^\[ ]Y\[ \x^qYb˜[ Yb[ \]j[ jÂź_Y\YjZ[ `^x~j\[ ”j\–jjb[ ™šš½[^bq[™š ÂšÂ“ ]j[ `^x~j\[ –Y\]Yb[ \]YZ[ q^x~[ ‚jxYzq[ had become an anathema of all sought €zx[ YbƒjZ\zxZÂ’[ Yb} _qYb˜[ \]zZj[ –]zZj[ ”j Yjƒj[ ”j€zxj[ bz–[ YZ[ \]^\[ \]j[ `^x~j\[ is a spinning machine for money `^~Yb˜[–]jxj[\]j[x_ jZ[z€[qj`^bq[^bq[ Z_‚‚ „’[ –]Y}][ YZ[ \]j[ ‚xY`^x„[ €^}\zx[ Yb[ \]j[ qj\jx`Yb^\Yzb[ z€[ Z\z}~[ ‚xY}jZ[ –^Z[ xj j˜^\jq[\z[\]j[”^}~˜xz_bq“[ bƒjZ\zxZÂľ[–z_ q[bz\[€zx˜j\[„j^x[™ššÚ[ –]jb[ }z`‚^xjq[ \z[ \]j[ Z\^\j[ z€[ ]j^ \][ z€[ \]j[ `^x~j\[ bz–“[ bƒjZ\zxZ[ Yb[ \]^\[ „j^x[ xj}zxqjq[ `zxj[ \]^b[ œš[ ‚jx[ }jb\[ ˜xz–\][Yb[”z\][}^‚Y\^ [^‚‚xj}Y^\YzbZ[Yb[ their equities and Return on Investment (ROI) as it relates to dividend on their ]z qYb˜Z“[ \[ –^Z[ –Y\][ \]YZ[ Z^`j[ `YbqZj\[ \]^\[ investors approached investment Yb[ Z\z}~Z[ Yb[ ™šš½[ zb „[ \z[ ”j[ Z]zx\[ Yƒjq[ Z\^x\Yb˜[ €xz`[ ^x}][ –]jb[ \]j[ \–Yb[ `^x~j\[ YbqY}^\zxZÂ’[ \]j[ ^x~j\[ capitalization and All- Share Index –]Y}][`j^Z_xj[\]j[˜xz–\][zx[z\]jx[–YZj[ z€[ \]j[ `^x~j\[ ”j˜^b[ \z[ ˜z[ Zz_\]–^xqÂ’[ –]Y j[ zb[ z}}^ZYzb^ [ ”^ZYZ[ \]j[ `^x~j\[

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Onyema

Oteh

–Y [xj}zƒjxÂ’[zb „[\z[‚ _b˜j[^˜^Yb“[ Many factors can readily be said to ]^ƒj[ ”xz_˜]\[ \]j[ `^x~j\[ qz–b[ zb[ Y\Z[ ~bjjZ“[ bƒjZ\zxZ[zb[zbj[]^bqÂ’[z–bYb˜[\z[ poor education see the market as a place €zx[\]j[˜j\—xY}]—Ÿ_Y}~ „[–]Y j[z‚jx^\zxZ[ (Stockbrokers, Issuing Houses) at times, by pass rules governing the market and –]Y j[ \x„Yb˜[ \z[ ”j[ Z`^x\Â’[ Z]zx\—}]^b˜j[ \]jYx[} Yjb\Z“ Margin loan palaver b[ \]j[ –^~j[ z€[ \]j[ qz`jZ\Y}[  b^b}Y^ [ industry crisis, individual brokers, jZ‚j}Y^ „[ Z\z}~[ ”xz~Yb˜[  x`Z[ –jxj[ highly indebted to most of the banks to the sum of several billions of naira, even ^Z[`^Ă?zxY\„[z€[\]j`[Z_Bjx[Yb[\]j[]^bqZ[ z€[\]j[”^b~ZÂ’[–]z[_bY ^\jx^ „[\zz~[zƒjx[ \]jYx[^}}z_b\[z‚jx^\YzbZ“ ]j[ Z\z}~”xz~jx^˜j[  x`Z[ –]z[ –jxj[ `j^b\[\z[q^b}j[\z[\]j[–]Y`[^bq[}^‚xY}j[ of the banks module of trying to recoup

\]j[€^}Y Y\YjZÂ’[Yb[\]j[‚jxYzq[ ^Yq[zB[} zZj[ \z[ښ[‚jx[}jb\[z€[\]jYx[Z\^B[Yb[z\]jx[\z[}_\[ \]jYx[}zZ\[z€[z‚jx^\Yzb“ zZ\[ z€[ \]j[ ”xz~jx^˜j[  x`ZÂ’[ –]z[ –jxj[xjZYqjb\[zb[\]j[ ÂĄ}]^b˜j[”_Y qYb˜[ z–bYb˜[ \z[ \]jYx[ ‚zzx[  b^b}Y^ [ ”^ZjÂ’[ –jxj[^Z~jq[\z[‚^}~[z_\[z€[\]j[”_Y qYb˜[ ”„[ \]j[ }z_b}Y [ z€[ \]j[ ÂĄ}]^b˜j[ q_xYb˜[

Currency

World Bank approves $500m for Nigerian SMEs Pg. 59

Continued on Page 58

Exchange rates as at 2/10/2014 Buying (N) Central (N)

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

BUSINESS INTERVIEW

BUSINESS NEWS

xz€“[ qY[ ~jxj~j— b„_Y~j[ \Y`j[ ^Z[ Yxj}\zx[ jbjx^ [z€[\]j[`^x~j\“[[[ A stockbroker said then in a market related conference that: “If by any means a bank gets information that `zbj„[ –^Z[ ‚^Yq[ Yb\z[ ^[ Z\z}~”xz~jxÂľZ[

154.75 249.7046 195.4957 161.737 1.4217 0.2783 228.7066 25.2068 41.248 26.2595 229.8502

155.25 250.5114 196.1273 162.2596 1.4263 0.2883 229.4455 25.2887 41.3812 26.3444 230.5928

Selling (N) 155.75 251.3182 196.759 162.7822 1.4309 0.2983 230.1845 25.3706 41.5145 26.4292 231.3355

MONEY/CAPITAL MARKET

IOSCO releases report No policy sincerity in waste-conversion-to- wealth on market-based financing for SMEs, policy –Tiough Pg. 61 infrastructure Pg.60


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SUNDAY NEWSWATCH, OCTOBER 5, 2014

BUSINESS COVER

Mergers, acquisition of brokerage firms: How feasible? Continued from Page 57 account, immediately the bank will comes for its loan to be repaid.” He said: “Stockbrokers now xj jx[ xj ^¡Yb [ Yb[ \]jYx[ zJ}jZ[ ^bq[ qj^ Yb [ Y\][ Y j[ _bqZ[ Yb[ \]jYx[ }zBjxZ[ ^bq[ bz\[ zYb [ out to look for clients or even to convince clients to buy stocks because as soon as such money hits their accounts, the bank deducts it as part of their loans”. The worse of it all, according to him is that “if there is any way the stockbroker opened another account in another bank, they (banks he is owing) will come harassing them with security operatives claiming that the stockbroker is owing them and now decided to patronize another bank and abandon them.” [ Y` Y}^\Yzb [ \]YZ[ ^ Y\_qj[ makes stockbrokers to relax and just watch development pending when tangible decisions will be taking in that regards by the Federal Government. However the paucity of funds [ xz~jx^ j[ x`Z[bj}jZZY\^\jq[ calls by the regulators for them \z[ Z]zxj _ [ \]jYx[ z z` Ybj [ The need for market operators in the nation’s capital market to adhere to the proposed minimum requirements to operate in the stock market or face sanction has continued to generate controversy in the investment community. While some believed that the initiative has become necessary if the stock market must be made to operate in line with what is obtained globally others felt otherwise noting that recapitalization of Z\z}~[ xz~jx^ j[ x`Z[ YZ[ jYb [ speedily pursued, so as to deny some the right to key into the planned sale of the Exchange. It would be recall that Exchanges all over the world including the Nigerian stock exchange expects minimum standards for operators who wish to maintain operating }jx\Y }^\j [ ]jb}j[ \]j [ `_Z\[ ensure that they meet the minimum capital requirements and also comply with all operational requirements. j zxj[ bz [ ^ j` \Z[ ]^ j[ been made for the stockbrokers to recapitalise but have always met a brick wall. In 2008, the Securities and Exchange Commission (SEC), in collaboration with the Nigerian Stock Exchange directed the x`Z[ \z[ Yb}xj^Zj[ \]jYx[ }^ Y\^ [ base from N20million to N1billion. It was the belief of the regulatory bodies that the x`Z[ z_ q[ j[ ^ j[ \z[ `jj\[ the requirements to boost the market. But the issue generated controversy in the market; pitching market operators against the regulators. They considered the amount as too outrageous.

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SEC recent action on capital requirements However, given the transformation ongoing in the capital market with increased volume of transactions, the board of SEC recently in pursuant to section 313(6) of the Investments and Securities Act (ISA) 2007, approved the new minimum capital requirements for all categories of capital market operators. Following the amendments, the capital requirement for broker/dealer was increased from N70 million to N300million. For broker only, the capital requirement was increased from N40 million to N200 million; while for dealer, it was raised from N30 million to N100 million. T h e minimum c a p i t a l requirement for Issuing House also been increased from N150 million to N200 million; while that of underwriter went up from N100 million to N200 million. For a registrar in the Nigerian capital market, the minimum capital requirement rose to N150 million from N50 million; while for those in trustees business, the capital requirement was raised to N300million, from N40 million. Furthermore, the minimum capital requirement for rating agency was increased from N20 million to N150 million; while the capital requirement for corporate investment adviser remains at N5 million. From an initial capital requirement of N500,000 every

is fraudulent stockbrokers adding that many shareholders have been victims of share sales without authorisation, share price manipulation and failure to execute orders among others. The broker explained further that those broking x`Z[ qj} ^xjq[ Yb^}\Y j[ jxj[ due to their inability to raise the minimum capital base of N70 million while the others declared unactivated were among those licensed to operate but have not commenced operations. [ Z\z}~[ xz~Yb [ x`Z[ ]^q[ earlier being suspended by the NSE over failure to meet the NSE revoking minimum capital base of N70 licenses of 10 million. qj^ Yb [ x`Z[[[[[[[[[ Recent position of the NSE The NSE said recently that it will It came as a revoke license of any dealing member movie from the that has not been active for six months. blues when the This was part of the new amendments NSE several months back the NSE is making to its rules. However, in apparent move to announced reduce the number of dormant the revocation market operators, the NSE is of Licenses of 10 Dealing proposing an amendment to its rule M e m b e r regarding revocation of inactive Firms just as dealing members. According to the amendment, it declared 48 and 27 others under no circumstances shall a inactive and dealing member cease to carry out i n a c t i v a t e d its day to day business activities for respectively as which it was licensed to operate at February 10, without any reasonable cause. “Where a dealing member is 2012. inactive for a period of six consecutive This was months, the Exchange shall revoke contained in a Circular the license of the dealing member,” number BDR/ the NSE said. The exchange explained that a CIR/1/AAA/02/12 to all Dealing dealing member shall be considered Members Firms and posted on \]j[zJ}Y^ [ j ZY\j[z [\]j[ [[ Yb^}\Y j[ Y [ \]j[ x`[ ]^Z[ bz\[ xj}zxqjq[ Although the management of any trading activity without being the NSE in the Circular did not suspended by the exchange or the give reasons for their action; a Securities and Exchange Commission senior broker on the condition (SEC), which is voluntary. of anonymity said that the Mergers and acquisitions options Y\][ qj\jx`Ybjq[ jBzx\[ \z[ jbZ_xj[ qj^ Yb [ x`Z[ ]zZj[ Y}jbZjZ[ that the recapitalisation exercise in the were revoked had various issues ranging from being `^x~j\[Z}^ jZ[\]xz_ ] [Zz`j[ b^b}Y^ [ bankrupt to various fraudulent experts have called for merger and acquisition among the market activities. He noted that one menace operators in the country. This according to them, will that investors in the Nigeria translate to form of synergy and try capital market have had to to combine strengths of the big ones contend with over the years and weaknesses of the smaller ones

individual investment adviser is expected to have at least N2 million as capital; while fund/ portfolio manager’s minimum capital requirement has be raised from N20 million to N150 million. The development has received a public outcry as most operators faulted the move suggesting that the stock xz~Yb [ x`Zµ[`YbY`_`[}^ Y\^ [ should be determined by the level of business they want to do. But the regulators have remained irrevocable in their resolve to ensure that operators meet the requirements as many of them are currently inactive.

Exchanges all over the world, including the Nigerian Stock Exchange, expect minimum standards for operators who wish to maintain their operating '20+($'&+25

to ensure economic of scale because there are so many of them that don’t have the capacity to survive under tougher terrain. Managing Director/CEO, Crane Securities Limited, Mr. Mike Eze said he foresees the new capital requirements heralding an era of mergers and acquisitions among j¡YZ\Yb [ x`Z[ \z[ xzq_}j[ Z\xzb jx[ institutions. Eze reacting to the development said that the recapitalization will witness possible merger and acquisition which will lead to the reduction in the b_` jx[z [ xz~Yb [ x`Z [ According to Eze, there will be apathy on the part of brokers which will translate into unemployment because of the massive unemployment that will follow. “The labour market is going to j[ _x\]jx[ Yb±^\jq[ Y\][ b_` jx[ z [ people that will be retrenched in the xz~Yb [ x`Z ¬[]j[Z^Yq In his own contribution, the President of the Institute Capital Market Registrars (ICMR), Mr. Bayo Olugbemi advised market operators to seek the option of merger and acquisition to enable them meets the new capital requirements. Olugbemi in an interview with Sunday Newswatch said the industry is highly fragmented with most of operators lacking both human and capital capacity. “I always advise that there is room for mergers and acquisition. What the regulators is doing is to strengthen the liquidity base of the operators. I believe there should rather be a one per cent owner of a living company than to be a 60 per cent shareholder of a dying rated company. There is nothing wrong in mergers and acquisition. Though partnership in Nigeria is tough, we always want to do it alone but if you want to go faster go alone, if you want to go far go with other people. Looking at your company prospect in the next j[ j^xZ [\jb[ j^xZ[^bq[ z_[^xj[bz\[ satisfy, take the option of synergy, merge or acquire, if you can’t do it alone call others to come and join you j}^_Zj[\z j\]jx[\]j[ j jx [\]j[`zxj[ the merrier. We encourage people to go into merger and acquisition if they cannot do it alone since the Securities and Exchange Commission has said there is no going back in recapitalisation’, he added. Conclusion As things stand now, investors’ moral about the capital market seems to have been further brightening owning to the simple fact that, what the market regulators were expecting from equity market was a move that z_ q[ ]j [ xj\_xb[ }zb qjb}j[ ^bq[ further deepen the market in terms of value. The market terrain although appears to still be going through some teething challenges, all indictors in the market shows positive and in line with what the runners of the Exchange are seeing in the present and immediate future. However, the NSE must as a call to duty, to the public, keep Yb jZ\zxZ[ ]z[ ^ ^ Z[ Z_BjxZ[ the backlash of any wrong action from going concerns, informed, of anything that z_ q[ ^q jxZj [ ^Bj}\[ \]jYx[ investment. Notwithstanding, the liquidity squeeze and the forthcoming election in 2015, there are hopes that investors z_ q[jbq[\]YZ[ j^x[ j jx[\]^b[ last year.


59

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BUSINESS NEWS

World Bank approves $500m for Nigerian SMEs William Anaebonam

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he World Bank’s z^xq[ z€[ ÂĄj}_\Yƒj[ Directors has ^‚‚xzƒjq[ ^[ }xjqY\[ z€[ $500m for Nigeria to increase ^}}jZZ[\z[ b^b}j[”„[ `^ [^bq[ Medium Enterprises. The bank, which disclosed this in a statement made ^ƒ^Y ^” j[ Yb[ ”_Ă?^Â’[ Z^Yq[ the credit would come from its International Bank for Reconstruction and jƒj z‚`jb\ÂľZ[ jbqYb˜[ window. ]j[ jƒj z‚`jb\[ Yb^b}j[ xzĂ?j}\[ –Y [ ‚xzƒYqj[ Z\^” j[ funding to support the growth of Nigeria’s SMEs through the establishment z€[ ^[ qjƒj z‚`jb\[  b^b}j[ institution. ]j[ [ –Y [ ‚xzƒYqj[ \jx`[

€_bqYb˜[ \z[ j Y˜Y” j[  b^b}Y^ [ intermediaries to lend to Z[ ^bq[ –Y [ ^ Zz[ ‚xzƒYqj[ partial credit risk guarantees to participating commercial banks. According to the bank, the project is in support z€[ ˜zƒjxb`jb\ÂľZ[ jBzx\Z[ \z[ promote the growth and job }xj^\Yzb[‚z\jb\Y^ [z€[\]j[‚xYƒ^\j[ Zj}\zx[ \]xz_˜][ Y`‚xzƒjq[ ^}}jZZ[\z[ b^b}Yb˜“ Y`Y\jq[ ^}}jZZ[ \z[  b^b}j[ YZ[ a key obstacle to enterprise growth and entrepreneurship, particularly for young people, and it is a major obstacle faced by the SMEs, the bank said. It noted that only 6.7 per cent z€[ Y˜jxY^b[  x`Z[ xj‚zx\jq[ ]^ƒYb˜[ ^[ z^b[ zx[ ^}\Yƒj[ Ybj[ of credit in 2014, adding that SME lending made up only ^xz_bq[ ƒj[‚jx[}jb\[z€[\]j[\z\^ [

commercial bank lending. The World Bank Country Director for Nigeria, MarieFrancoise Marie-Nelly, said, “Women entrepreneurs in Nigeria are held back by knowledge gaps, limited access to markets, and challenges regarding land ownership rights, which in turn, limit their access to  b^b}j“ Âś ‚j}Y }[ ^ jb\Yzb[ –Y [ ”j[ paid to strengthening the capacity of businesswomen to address these challenges.â€? The Lead Financial Sector Specialist and Task Team Leader of the Project, Arnaud Dornel, was quoted as saying, “The DFI will be operationally ^bq[  b^b}Y^ „[ Z_Z\^Yb^” jÂ’[ and will be subject to xj˜_ ^\Yzb[ ^bq[ Z_‚jxƒYZYzb[ by the Central Bank of

Nigeria, which will enforce requirements similar to those applied to commercial banks, including strong prudential transparency and accountability standards.� The World Bank added that the project drew on experiences from other countries, such as Germany, Brazil, South Africa and Mexico, and had been qjƒj z‚jq[ Yb[ }z ^”zx^\Yzb[ with other donors supporting qjƒj z‚`jb\[  b^b}j[ xj€zx`Z[ in Nigeria, namely: the €xY}^b[ jƒj z‚`jb\[ ^b~’[ Germany’s KFW, French jƒj z‚`jb\[ ˜jb}„’[ ^bq[ the United Kingdom’s Department for International jƒj z‚`jb\“ The project will be implemented by the Ministry of Finance and is expected to x_b[€zx[Zjƒjb[„j^xZ“

L-R: Director, Customer Development and Shopper Marketing, FrieslandCampina WAMCO Nigeria Plc, Wilco van Dijken; Chief Executive 2LqYV> */((+' )KzF@?QEKF '?{K ,|>V?} 1?QEKF?} ~EFFV> KL E >V|VFQ?QEKF &K€ VQEQEKF 0| %K‚?}V 2{EF@?€K}? &K RK|QEFG 0=1ƒ| >K„VYQ )?€V -K|V R %VF„?€EF ?F@ &REVL ([VYzQE…V 2LqYV> =RV $€†?||?@K> >EFYV -K|Rz? @z>EFG QRV $€†?||?@K>| Xz€€EQ ?Q ‡FE…V>|EQ{ KL /?GK| ˆ>VYVFQ}{ RKQK ?@KFz XVGzF

Senate confirms Anohu-Amazu, Usman Pencom, NCAA DGS

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jb^\j[ ]^Z[ }zb x`jq[ Chinelo Anohu-Amazu as Director General of the National Pension Commission Â… Â?Â’[ jƒjb[ ^Z[ Y\[ }zb x`jq[ ^‚\^Yb[ _]~\^x[ Usman the Director General z€[ \]j[ Y˜jxY^[ YƒY [ ƒY^\Yzb[ Authority (NCAA). The two Director Generals were recently nominated by President Goodluck Jonathan Yb[ ^[ j jx[ \z[ jb^\j[ xjZYqjb\Â’[ ^ƒYq[ ^x~Â’[ ^Z~Yb˜[ \]j[ _‚‚jx[ }]^`”jx[ \z[ }zb x`[ \]jYx[ appointments. [ b[ \]j[ j jxÂ’[ xjZYqjb\[ Jonathan had said the appointment was in consonance –Y\][ \]j[ ‚xzƒYZYzbZ[ z€[ \]j[ Pension Reform Act 2004 as amended. Recall that Chinelo AnohuAmazu, who represents south east in the PENCOM, had been in acting capacity since December 2012 when the tenure of the former Director General, M. K. Ahmad ended. While congratulating ]jx[ zb[ ]jx[ }zb x`^\YzbÂ’[ Deputy Senate President, Ike Ekweremadu, who presided zƒjx[ \]j[ ‚ jb^x„’[ }]^x˜jq[ \]j[ new DG to bring transformation to the pension industry to ensure that pensioners are paid their entitlement as at when due. [ j^b–]Y jÂ’[ZYÂĄ[`zb\]Z[^Ejx[ President Jonathan sacked Fola Akinkuoto as the Director jbjx^ [ z€[ \]j[ Y˜jxY^b[ YƒY [ ƒY^\Yzb[ YƒY [ _\]zxY\„[ Â…[ NCAA), Captain Muhktar Z`^b[ –^Z[ }zb x`jq[ ”„[ the Senate as the new boss of NCAA. President Jonathan had two –jj~Z[ ^˜z[ –xY jb[ ^[ j jx[ \z[ the Senate requesting for the }zb x`^\Yzb[ z€[ Z`^b[ ^Z[ NCAA boss. It was alleged that the sack of former boss of NCAA and other ^ƒY^\Yzb[ ]j^qZ[ z€[ ‚^x^Z\^\^ Z[ was because of the fallout of the bullet proof car purchase by \]j[€zx`jx[ YbYZ\jx[z€[ ƒY^\YzbÂ’[ Stella Oduah.

FG to implement waivers on VAT, stamp duties in capital market

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\xzb˜[ YbqY}^\YzbZ[ ]^ƒj[ emerged that the federal ˜zƒjxb`jb\[ YZ[ Zj\[ \z[ Y`‚ j`jb\[ \^ÂĄ[ –^YƒjxZ[ ^bq[ Yb}jb\YƒjZ[ ^‚‚xzƒjq[ ”„[ President Goodluck Jonathan to ”zzZ\[}^‚Y\^ [`^x~j\[^}\YƒY\YjZ[Yb[ 2012. Jonathan had, through the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi OkonjoIweala, announced forbearance €zx[Zz`j[Z\z}~”xz~Yb˜[ x`Z[^bq[ abolished stamp duties and VAT payment on secondary market \x^bZ^}\YzbZ[ ^Z[ ‚^x\[ z€[ jBzx\Z[ \z[ xjƒYƒj[ \]j[ Y˜jxY^b[ }^‚Y\^ [ market.

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forbearance for stockbrokers was implemented last year, the payment of stamp duties and VAT on secondary market transactions continues. The Director General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh had last year explained that the delay was due to non˜^žj Yb˜[z€[\]j[^‚‚xzƒ^ “ She had explained that the ‚xz}jZZ[ Ybƒz ƒjZ[ \]j[ YbYZ\x„[ z€[[ Finance, Ministry of Justice and jqjx^ [ b ^bq[ jƒjb_j[ jxƒY}j[ (FIRS), adding that the number z€[^˜jb}YjZ[Ybƒz ƒjq[–^Z[^ Zz[^b[ issue.

z–jƒjxÂ’[ \z‚[ }^‚Y\^ [ `^x~j\[ Zz_x}jZ[ }zb x`jq[ ^Z\[ –jj~[

\]^\[\]j[€jqjx^ [˜zƒjxb`jb\[–^Z[ xj^q„[–Y\][\]j[˜^žj j[–]Y}][–Y [ ˜Yƒj[ j˜^ [”^}~Yb˜[\z[\]j[–^YƒjxZ“ Âś ]j[ ˜^žj j[ YZ[ xj^q„[ ^bq[ with the next few weeks, it will formally be made public. This is ^[˜zzq[qjƒj z‚`jb\[”j}^_Zj[–j[ ]^ƒj[ –^Y\jq[ €zx[ \]YZ[ €zx[ ^ `zZ\[ two years now,â€? a source said. The new President of the Nigerian Stock Exchange (NSE), Mr. Agboje Aig-Imoukhuede, ^ Zz[ ˜^ƒj[ ^[ ]Yb\[ z€[ \]YZ[ qjƒj z‚`jb\[ –]jb[ ]j[ Z^Yq[ ^\[ ^[ qYbbjx[ Yb[ ^˜zZ[ \]^\[ ƒjx„[ Zzzb[ stamp duties and VAT would no longer be paid on transactions in the secondary segment of the capital market. Market operators had called

for quick implementation of the Yb}jb\YƒjZ[ \z[ `^~j[ \]j[ `^x~j\[ €zx[^ x^}\Yƒj“ Âś [Z\xzb˜ „[”j Yjƒj[\]^\[Z‚jjq„[ implementation of decisions ”„[ xj˜_ ^\zxZ[ ^bq[ ˜zƒjxb`jb\[ –z_ q[^ Zz[]j ‚[”zzZ\[}zb qjb}j[ z€[ YbƒjZ\zxZ“[ zx[ jÂĄ^`‚ jÂ’[ \]j[ quick implementation of the xj`zƒ^ [ z€[ Z\^`‚[ q_\YjZ[ ^bq[ VAT payment on secondary `^x~j\[\x^bZ^}\YzbZ[}z_ q[^ x^}\[ stronger interest in the market,â€? Group Managing Director of BGL Group, Mr. Albert Okumagba had said. Another market operator had ^ Zz[_x˜jq[\]zZj[Ybƒz ƒjq[Yb[\]j[ implementation should put their acts together and ensure the

zxqjx[\^~jZ[jBj}\“ “While one must acknowledge the intricacies due to the number z€[ ^˜jb}YjZ[ Ybƒz ƒjq[ Yb[ \]j[ implementation, it is not encouraging \z[ bz\j[ \]^\[ zƒjx[ zbj[ „j^x[ ^Ejx[ ^[ qj}YZYzb[ –^Z[ \^~jb[ ^bq[ ^‚‚xzƒ^ [ ˜Yƒjb[ ”„[ \]j[ ‚xjZYqjb\’[ Y\[ YZ[ „j\[ \z[ be implemented. This, to me, sends –xzb˜[ZY˜b^ Z[\z[\]j[YbƒjZ\Yb˜[‚_” Y}[ and entire capital market community. [”j Yjƒj[\]j[˜zƒjxb`jb\[Z]z_ q[~jj‚[ to its promises,� he had said. The operators stressed that Y`‚ j`jb\Yb˜[ \]jZj[ Yb}jb\YƒjZ[ –z_ q[”zzZ\[jBzx\Z[\z[xjq_}j[}zZ\[z€[ transactions in the Nigerian capital `^x~j\’[ –]Y}][ YZ[ ”j Yjƒjq[ \z[ ”j[ ]z qYb˜[ ”^}~[ ZY˜bY }^b\[ ‚^\xzb^˜j[ from the market.


60

SUNDAY NEWSWATCH, OCTOBER 5, 2014

MONEY/CAPITAL MARKET

IOSCO releases report on market-based financing for SMEs, infrastructure Friday Ekeoba

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he International O r g a n i s a t i o n of Securities Commissions (IOSCO) has published a research note on Market-Based Long-Term Financing Solutions for SMEs and Infrastructure. The note is a compilation of recent examples of capital market solutions in developed and emerging markets that have contributed \z[ \]j[  b^b}Yb˜[ z€[ Z`^ [ ^bq[ medium enterprises (SME) and infrastructure projects. According to a statement, the research note was prepared for the G20 Finance Ministers and Central Bank Governors. It describes innovative structures and products in equity capital markets, debt capital markets, securitization and pooled investment vehicles that provide practical solutions to broadly recognized challenges €zx[  b^b}Yb˜[ z€[ Z[ ^bq[ infrastructure projects. The note also provides key takeaways from each jÂĄ^`‚ j[ ^bq[ Yqjb\Y jZ[ \]j`jZ[ common to the innovations. ]j[ `^x~j\—”^Zjq[  b^b}Yb˜[ solutions described in the note cover many jurisdictions across a wide geographical region, while several case studies reference cross-border activities and/or have regional reach. It will be recall that, since \]j[™šš½[˜ z”^ [ b^b}Y^ [}xYZYZÂ’[ the banking sector which has traditionally been a major source of funding for long\jx`[  b^b}Yb˜[ Â… Â?[ bjjqZÂ’[ ]^Z[ _bqjx˜zbj[ ^[ ZY˜bY }^b\[

deleveraging process. This has increased the gap between supply and demand for LTF in many economies around the world. As governments implement austerity measures and face budget constraints, public funding for SMEs and infrastructure projects has been constrained. Against this backdrop of constrained funding, there ]^Z[ ”jjb[ ^[ ˜x^q_^ [ Z]YE[ €xz`[ a pre-dominantly bank-funded model for LTF towards a model that includes a greater share of capital market-based funding. In recognition of the increasing role that the capital markets play in the provision of LTF for SMEs and infrastructure,

IOSCO established the LongTerm Financing Task Force in November 2013 to review the issues and challenges facing LTF and opportunities for growth. Q.C. Co-Chair of the LTF Task Force, Vice Chair of the IOSCO Board and Chair of the Ontario Securities Commission, Howard I. Wetston, stated that: Âś ]YZ[xjZj^x}][bz\j[xjÂąj}\Z[\]j[ important contribution that IOSCO is making in this area, as well as its expertise in terms of the oversight of the capital markets. The note contains concrete and practical capitalmarkets based solutions that address the increasing demand €zx[ zb˜—\jx`[  b^b}Yb˜[ ”„[

SMEsâ€?. Co-Chair of the LTF Task Force, Vice Chair of the IOSCO Board, Chair of the Growth and `jx˜Yb˜[ ^x~j\Z[ z``Y jjÂ’[ and Chair of the Securities Commission Malaysia, Ranjit Ajit Singh, said that: “Given \]j[Z}^ j[z€[ zb˜—\jx`[ b^b}Yb˜[ needed globally, particularly for infrastructure development ^bq[ [  b^b}Yb˜’[ ^[ Zz_bq[ market conduit that can jBj}\Yƒj „[ }]^bbj [ €_bqZ[ for economic growth and productivity is of paramount importance. The publication of this research note underscores IOSCO’s commitment to facilitating pragmatic market”^Zjq[ b^b}Yb˜[Zz _\YzbZ“

L-R: Assistant Group Manager, Yaliam Press Limited, Mr. Abdul Gbolahan; President, Chartered Institute of Professional Printers of Nigeria (CIPPN), Mr. Wahab Lawal, and Managing Director, Tripple Gee Plc, Mr. Karim Giwa, at a recent CIPPN Seminar in Lagos

Private investors may take over new national carrier aviation

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arring any last minute change, investors may soon take over the Nigeria national carrier in the aviation industry as the domestic economy is seeking private investors to inject fund into the industry as it expands its aviation sector, a Bloomberg report has said. According to the report, Chidoka who spoke with Bloomberg TV Africa in an interview in New York and which was aired said Nigeria will spend about $2 billion over four years on rebuilding old airport terminals and constructing new ones as demand for travel grow. ‘’The government wants to start a national carrier within the same period to tap growth. It will be commercially run. Conversations are on across many possible private sector organisations, both local airlines in Nigeria and then some international airlines,� the aviation minister said. The report says while the Ethiopian Airlines Enterprise and Kenya Airways Limited have emerged as global players in recent years, Nigeria has no major carrier since the liquidation of the Nigeria Airways about 10 years ago. ]j[ xj‚zx\[ ^Jx`jq[ \]^\[ Y˜jxY^[ signed a $500 million loan agreement last year with the Export-Import Bank

of China to fund new terminals in four cities including Abuja, Lagos, Port Harcourt and Kano. ‘’The contract was won by China Civil Engineering Construction Corp,’’ it said. “We are totally changing the face of four key airports; Nigeria is studying the ‚zZZY”Y Y\„[z€[^ x^}\Yb˜[‚xYƒ^\j[}^‚Y\^ [\z[ do that,� Chidoka said. The Nigeria’s aviation minister further said that the government is also building 13 cargo airports across the country for the export of perishable agricultural produce such as pineapples, mangoes

and tomatoes. ‘’About $1 billion has been provided by the state for the current plans, with another $1 billion earmarked within the project’s duration of four years, he said. Nigeria Airways was liquidated in 2003 and replaced with Virgin Nigeria, a joint venture in which Richard Branson of Virgin Atlantic Airways owned 49 percent stake and the airline changed Y\Z[ b^`j[ \z[ Yx[ Y˜jxY^[ Yb[ ™š Âš[ ^Ejx[ x^bZzb[‚_ jq[z_\[^bq[Y\[}j^Zjq[¹„Yb˜[ two years ago.

The Bloomberg report said the number of air passengers travelling both domestically and internationally in Nigeria climbed up to 3.75 million last year from 520,263 in 2003, according to World Bank data. “Privatisation of some operations of the airports may be on the cards, it will most likely be airport management, things like that, collecting of revenues, managing lounges. We have to build infrastructure that matches our aspiration,� Chidoka said.

SEC DG, Phillips Oduoza wins Ai Index Series Award

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he Director General of Securities and Exchange Commission, Mrs. Arunma Oteh, has been declared African Capital Markets Personality of the Year 2014 for her outstanding work with the Securities and Exchange Commission of Nigeria. Africa investor (Ai), a leading international investment and communications group, announced the winners of the prestigious 2014 Ai Index Series Awards. The results were revealed at the Ai CEO Institutional Investment Summit, which took place at the New York Stock Exchange. Launched in 2007, and linked to the Africa investor (Ai) Index Series, the Ai Index Series Awards are the only panAfrican Awards designed to recognise Africa’s best performing stock exchanges, pension and sovereign wealth funds, listed companies, investment banks, research teams, regulators, socially responsible companies and fund managers. It is a uniquely African capital markets platform. Commenting on the winners, Hubert Danso, CEO of Africa investor, said, “Congratulations to all Ai winners. Once again, this latest Academy of Ai bqjÂĄ[ jxYjZ[ –^xqZ[–YbbjxZ[^ jZ\Z[\z[ the world class quality and investment leadership that prevails in Africa, and we are delighted to be able to recognise them, along with all the shortlisted companies in all the hotly contested categories.â€? Most Innovative African Stock Exchange was awarded to the Egyptian Exchange, while Standard Bank was recognised as Best African Investment Bank. Standard Chartered Bank nabbed the Award for Best Africa Research Team. The Securities and Exchanges Commission of Nigeria took Most Innovative Capital Markets Regulator. The Best Performing Broker in Africa went to Auerbach Grayson & Co while Old Mutual was awarded Best Africa Fund Manager. Seplat Petroleum Development Company of Nigeria was recognised as Best African Listing. In the Ai Index company categories, Best Performing Ai100 Company was awarded to Zambia Sugar; Best Performing Ai40 Company went to Safaricom; Most Innovative Ai SRI 50 Company was awarded to Kenya Airways, and Most Innovative Ai SRI 30 Company went to Guaranty Trust Bank. Mark Wiessing, CEO of National Y}xz b^b}j[ ^b~Â’[ –^Z[ xj}z˜bYZjq[ ^Z[ Ai100 CEO of the Year. Safaricom CEO Bob Collymore took Ai40 CEO of the Year and Ai SRI 50 CEO of the Year went to Titus Naikuni, CEO of Kenya Airways. Ai SRI 30 CEO of the Year was awarded to Phillips Oduoza, CEO, UBA Bank.

Cross-border securities holdings rise to $46 .7tr –IMF

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nternational Monetary Fund (IMF) said cross-border holdings of securities climbed up nine percent to $46.7 trillion for 2013 year end according to the Fund’s Coordinated Portfolio Investment Survey (CPIS) in the review period. ]j[ [Z^Yq[Ăš¢[j}zbz`YjZ[Z_”`Y jq[ end-December 2013 data and 56 economies reported data both for endJune and end-December 2013, holdings Yb}xj^Zjq[”„[Ă€[‚jx}jb\Â’[ ^x˜j „[xjÂąj}\Yb˜[ strong increases in equity prices in several advanced markets. The survey said as at end-December

2013, 70 per cent of the total portfolio investment assets ($ 32.7 trillion) were concentrated in 10 economies. The United States, the United Kingdom, Luxembourg, Japan and Germany x^b~jq[Yb[\]j[\z‚[ ƒj“ According to report, the CPIS covered only end-December holdings in 2001-2012. ‘’Starting with end-June 2013 data, a number of enhancements were adopted, including semi-annual frequency, acceleration in dissemination of results, and enhancements in the scope of the data collection, including the collection of data on the institutional

sector of the non-resident issuers of securities, and on the institutional sector of the resident holder cross} ^ZZY jq[”„[\]j[YbZ\Y\_\Yzb^ [Zj}\zx[z€[ selected non-resident issuers,’’ the IMF said. Economies covered by the CPIS are also encouraged to report additional detail on the currency composition of holdings, as well as on their portfolio investment liabilities. The concepts and principles underlying the CPIS are aligned with the IMF’s Balance of Payments and International Investment Position Manual, sixth edition (BPM6).

The global lender said the coverage of the CPIS is augmented with information from two (2) other IMF surveys, namely Securities held as Foreign Exchange Reserves, and Securities held by International Organizations. These data sets are disseminated at an aggregate level only, as the data are collected on a }zb qjb\Y^ [”^ZYZ“[ The CPIS is the only global survey of portfolio investment holdings, and collects information on cross-border holdings of equities and long- and Z]zx\—\jx`[qj”\[Zj}_xY\YjZ[} ^ZZY jq[”„[ the economy of residence of the issuer.


61

SUNDAY NEWSWATCH, OCTOBER 5, 2014

BUSINESS INTERVIEW

No policy sincerity in waste-to-wealth policy in Nigeria –Tiough With the increasing cost of building materials in the domestic economy, this year’s winner of Prof. Babatude Fafunwa Foundation Post Doctoral Student, Dr. Daniel Momngu Tiough, has said venturing into alternative materials in property growth is germane to bridging the huge gap in infrastructural development. With his Doctoral thesis centred on ‘Production of walling materials using rice hulk and sawdustasaggregates, -/ /?@36EG/; +-6+ 1G;EGH5 have shown that it is more cost-effective to use blocks made from combination of rice and sawdust in the built industry. FRIDAY EKEOBA brings excerpt:

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˜zƒjxb`jb\[ YZ[ _bZ\^” j[ ”j}^_Zj[ j z€[ YbZ_x˜jb\Z[ ^bq[ z\]jx[ Zj}_xY\„[ „ }]^ jb˜jZ“[ zxx_‚\Yzb[ Zjj`Z[ \z[ z xj^x[ Y\Z[ ]j^q[ Yb[ ^ [ }zxbjxZ“[ ]j[ j[ zƒj[ €zx[ Zj €[ YZ[ `zxj[ \]^b[ \]j[ zƒj[ j €zx[ \]j[ }z_b\x„“[ \zxYjZ[ ^xj[ ]j^xq[ q[ q^Y „[ z€[ ]z–[ `zbYjZ[ `j^b\[ €zx[ x[ qjƒj z‚`jb\^ [ ‚xzĂ?j}\Z[ €zx[ \]j[ j ”jbj \[ z€[ \]j[ `^ZZjZ[ ^xj[ ”jYb˜[ ˜ j`”jžž jqÂ’[ Z\z jb[ zx[ ^_bqjxjq“[ q“ \[ \]jxj€zxj[ Zjj`Z[ ^[ \^ [ qxj^`[ \z[ z[ ^}Âź_Yxj[ Yb€x^Z\x_}\_xj[ bj}jZZ^x„[ \z[ z[ ^}]Yjƒj[\]j[b^\YzbÂľZ[qxj^`[z€[ YZYzb[ b[ 20:2020. J7@; K@J9D; @JA<€P; =K; FKH; @JA<|; | @J9; €KB9D<M9<@; KH€J@; @K; LH@; A<; <; LC7?9; 8KD; @J9; 9?K<KMF; @K; {9; P9C8; 8 PHP@7A<7{C9 zx[ z_x[ j}zbz`„[ \z[ ”j[ Zj €[ €[ Z_Z\^YbYb˜’[ [\]Yb~[\]j[˜zƒjxb`jb\[ Z]z_ q[ Â…YÂ?[  Â˜]\[ }zxx_‚\Yzb[ –Y\]z_\[ ]^ƒYb˜[ Z}^‚j˜z^\Z[ Â…YYÂ?[ jZ\^” YZ][ Ybq_Z\xYjZ[ ^bq[ jb}z_x^˜j[ _Zj[ z€[ z}^ [ x^–[ `^\jxY^ ZÂ’[ Â…YYYÂ?[ ˜zƒjxb`jb\[ ^bq[ \]j[ ‚jz‚ j[ Z]z_ q[ ‚^\xzbYžj[ z}^ „[ ‚xzq_}jq[ ˜zzqZÂ’[ Â…YƒÂ?[ –j[ Z]z_ q[ qYZ}z_x^˜j[ Y`‚zx\^\Yzb[ z€[ \]Yb˜Z[ \]^\[ –j[ ^xj[ }^‚^” j[ z€[ ‚xzq_}Yb˜’[ …ƒÂ?[ –j[ ^Z[ ^[ }z_b\x„[ ^bq[^Z[^[‚jz‚ j[Z]z_ q[jb}z_x^˜j[ ^bq[ ‚^\xzbYžj[ xjZj^x}]jZ[ €xz`[ z_x[ _bYƒjxZY\YjZ[ ^bq[ YbZ\Y\_\YzbZ[ z€[ ]Y˜]jx[ j^xbYb˜“[ zZ\[ z€[ \]j[ Y\j`Z[\]^\[–j[”_„[€xz`[ ]Yb^[^bq[

^‚^b[ ^xj[ ‚xzq_}\Z[ z€[ Z\_qjb\ZÂľ[ xjZj^x}]jZ“[ ]jYx[ }z_b\xYjZ[ ^bq[ }z`‚^bYjZ[ jb}z_x^˜j[ ^bq[ €_bq[ Z_}][ xjZj^x}]jZ“[ €[ –j[ qz[ Z^`jÂ’[ –j[–Y [`zƒj[} zZjx[\z[”jYb˜[\]j[ ˜Y^b\[z€[ €xY}^[\]^\[–j[} ^Y`[\z[”j“ J9; €KB9D<M9<@; J7P; ?K<@A<H9=; @K; ?9C9{D7@9; @J9; D9ƒ{7PA<€; K8; @J9; A€9DA7<; ; @K; „…†‡{<; 7<=; @JAP; J7P; LH@; A€9DA7; 7J97=; K8; K@J9D; 8DA?7<; ?KH<@DA9P‚; {H@; 9?K<KMA?; ]7@?J9DP;7D9;P7FA<€;@J7@;A@;J7P;<K@; {9ˆ9D; @J9; CA89; K8; @J9; M7<; K<; @J9; street. What is FKHD; D97?@AK<; @K;@JAP Y ˜ j x Y ^ Âľ Z[ [ `^„[ ”j[ ޛ š”bÂ’[ –j[ `^„[ } ^Y`[ \z[ ”j[˜xj^\jx[\]^b[ z\]jx[ €xY}^b[ } z _ b \ x Y j Z Â’[ ]z–jƒjxÂ’[ [ \]Yb~[ \]^\[ –j[ Z]z_ q[ measure the } z _ b \ x „ Âľ Z[ ˜xj^\bjZZ[ ”„[ \]j[ €z z–Yb˜[ YbqY}jZ[ —[ Y€[ –j[ ^}]Yjƒj[ €zzq[ Zj}_xY\„[ €zx[ z_x[ ‚jz‚ jÂ’[ if the masses ]^ƒj[ ^}}jZZ[ to proper ]j^ \]}^xjÂ’[ Y€[ –j[ ]^ƒj[ `zxj[ Y\jx^\j[ ^bq[ j b Y ˜ ] \ j b j q[ ‚z‚_ ^}j[ \]^b[ the illiterate ^bq[ Y˜bzx^b\[ masses that –j[ ‚xjZjb\ „[ ]^ƒj“[ j[ –Y [

also be a greater people if we allow the masses to choose who will rule them. Do you agree that D9 HAPA@9; ^<7<?A7C; {7PA?; |<K]C9=€9; AP; <99=9= <99=9=; A8; @J9; 9?K<KMF; MHP@ MHP@; €DK] Yes I agree that requisite  b^b}Y^ [ ~bz– jq˜j[ ”„[ }Y\YžjbZ[ YZ[ bj}jZZ^x„[ Y€[ \]j[ }z_b\x„[ `_Z\[ ˜xz–“[ jz‚ j[Z]z_ q[ j^xb[\z[”j[ `zxj[ ‚x_qjb\[ –Y\] –Y\][ xjZz_x}jZ[ ^bq[ ^bq Z ] z _ q[

}^_Zj[ jƒ^}_^\Yzb[ p r o b l e m s . ]jYx[ `j\]zq[ z€[ jƒ^}_^\YzbÂ’[ –]Y}][ YZ[ ”„[ ” _ x b Y b ˜[ causes soil qj˜x^q^\YzbÂ’[ causes health ]^ž^xqZ[ ^Z[ ^[ result of the }^x”zb[ qYzÂĄYqj[ ^bq[ }^x”zb[ `zbzÂĄYqj[ \]^\[ comes as a result

Tiough

”xYb˜[ ^bq[ jb}z_x^˜j[ ‚xz˜x^`Z[ \]^\[ –Y [ ”xYb˜[ qjƒj z‚`jb\[ ^bq[ ^ Zz[ ˜jbjx^\j[–j^ \]“[ Yb^b}Y^ [~bz– jq˜j[ ^ Zz[ jbZ_xjZ[ €zx[ ”j jx[ `^b^˜j`jb\[ of facilities. b[„z_x[xj}jb\[ zZ\— z}\zx^ [Zj`Yb^x[ „z_[\x„[\z[‚Yb‚zYb\[zb[\]j[bjjq[\z[_Zj[ –]^\[–j[]^ƒj[Yb[z_x[jbƒYxzb`jb\[\z[ ”_Y q[\]j[b^\YzbÂ’[}^b[ „z_[ ‚ j^Zj[ \]xz–[ `zxj[ Y˜]\[zb[\]YZĂ“ b[ `„[ xj}jb\[ ‚zZ\— qz}\zx^ [ Zj`Yb^xÂ’[ [ \^ ~jq[ ^”z_\[ \]j[ _Zj[ z€[ xY}j[ ]_Z~[ ^bq[ Z^–q_Z\[ Yb[ ”_Y qYb˜“[ ]j[ –zx~[ }zb}jb\x^\jq[ zb[ \]j[ ‚xzq_}\Yzb[ z€[ –^ Yb˜[ `^\jxY^ Z[ _ZYb˜[ xY}j[ ]_Z~[ ^bq[ Z^–q_Z\[ ^Z[ ^˜˜xj˜^\j“[ [ ]^q[ z”Zjxƒjq[ \]^\[ ]j^‚Z[ z€[ xY}j[ ]_Z~[ ^bq[ Z^–q_Z\[ ^xj[ Zjjb[ Yb[ ^x˜j[ Âź_^b\Y\YjZ[ ^xz_bq[z_x[xY}j[`Y Z[ ^bq[Z^–[`Y Z“[ []^q[ xj^q[ \]^\[ xY}j[ ]_Z~[ YZ[ _Zjq[ Yb[ ^ ^„ZY^[ ^bq[ z\]jx[ }z_b\xYjZ[ ^Z[ ^[ ‚zžz ^bÂ’[ _Zjq[ Yb[ bqY^[ \z[ ˜jbjx^\j[ ‚z–jx“[ ^–[ q_Z\[ YZ[ _Zjq[ Yb[ Zz`j[ ‚ ^}jZ[ €zx[ }jY Yb˜[ \Y jZ[ ^bq[ jƒjb[€zx[^˜xY}_ \_x^ [ _ZjZ“[ jxj[Yb[ Y˜jxY^[ ]z–jƒjxÂ’[ \]jZj[ `^\jxY^ Z[^xj[Zjjb[^Z[ \z\^ [–^Z\j[^bq[\]j„[

In India, rice husk is used to generate power in some places because it is ecologically friendly and cheap. Sawdust also abound in our country but it is seen only as waste

z€[\]j[”_xbYb˜“[ ]YZ[research therefore ‚xzq_}jq[ ”xY}~Z[ `^qj[ z€[ xY}j[ ]_Z~[ ^bq[ Z^–q_Z\“[ ]YZ[ xjZj^x}][ –^Z[ _bqjx\^~jb[ \z[ ^ jƒY^\j[ jƒ^}_^\Yzb[ ‚xz” j`Z[ €^}jq[ ”„[ xY}j[ ^bq[ Z^–[ `Y jxZ“[ \[–^Z[^ Zz[\z[_\Y Yžj[^ƒ^Y ^” j[ z}^ [ `^\jxY^ Z“[ _x\]jx`zxjÂ’[ Y\[ –^Z[ `j^b\[\z[}zbƒjx\[–^Z\j[\z[–j^ \]“[[ J7@; J7P; {99<; @J9; D9PLK<P9; PK; 87D‚; 8DKM;9A@J9D;@J9;{HPA<9PP;?KMMH<A@F; KD; P@7|9JKC=9DP; A<; @J9; =KM9P@A?; 9?K<KMF; 7<=; ]J7@; =K; FKH; @JA<|; @J9F;PJKHC=;@K;=K ]j[ xjZ‚zbZj[ z€[ \]j[ ”_ZYbjZZ[ }z``_bY\„’[ zx[ Z\^~j]z qjxZ[ Yb[ \]j[ qz`jZ\Y}[ j}zbz`„[ Zjj`[ bz\[ \z[ ”j[ ^Z[ Y\[ Z]z_ q“[ z[ €^xÂ’[ €j–[ ”^b~Z[ ^xj[ jb}z_x^˜Yb˜[ jb\xj‚xjbj_xZ]Y‚[ ƒjb\_xjZ“[ zxj[ Z\^~j]z qjxZ[ Z]z_ q[ \^~j[Y\[_‚zb[\]j`Zj ƒjZ[ \z[jb}z_x^˜j[ qz`jZ\Y}[ ˜xz–\][ z€[ \]j[ j}zbz`„[ ”„[ jb}z_x^˜Yb˜[ xjZj^x}]Â’[ z}^ [ ‚xzq_}\Yzb[^bq[jb\xj‚xjbj_xZ]Y‚“[ J7@;AP;FKHD;7=BA?9;@K; @J9;{HAC=A<€; P9?@KD; K8; @J9; 9?K<KMF‚; ?K<PA=9DA<€; ^<=A<€P;A<;FKHD;D9P97D?J;]KD| YbqYb˜Z[ €xz`[ `„[ xjZj^x}][ ]^ƒj[ Z]z–b[\]^\[\]j[`^\jxY^ Z[z€[xY}j[]_Z~[ ^bq[ Z^–q_Z\[ ]^ƒj[ ‚zZZY” j[ €_\_xj[ Yb[ \]j[ ”_Y qYb˜[ Ybq_Z\x„“[ z–jƒjxÂ’[ \]j[ ‚xjZjb\[xjZj^x}][bjjqZ[\z[”j[Y`‚xzƒjq[ _‚zb[ Yb[ Zz`j[ ^Z‚j}\Z[ \z[ `^~j[ Y\[ ^}Âź_Yxj[ `zxj[ Z\xjb˜\]“[ ]j[ ”_Y qYb˜[ Ybq_Z\x„[ Z]z_ q[ \]jxj€zxj[ jb}z_x^˜j[ xjZj^x}]jZ[Z_}][^Z[\]YZ“[ ]j[”_Y qYb˜[ Ybq_Z\x„[ Z]z_ q[ YbZ\Y\_\j[ xjZj^x}][ ˜x^b\Z[Yb[YbZ\Y\_\YzbZ[\z[\x„[^bq[”xYb˜[ z_\[ ^xj^Z[ z€[ ”_Y qYb˜[ Y`‚xzƒj`jb\[ _ZYb˜[ z}^ [ `^\jxY^ Z“[ ]j[ Ybq_Z\x„[ Z]z_ q[ ^ZZYZ\[ xjZj^x}]jxZ[ –Y\][ qjƒj z‚`jb\^ [ Yqj^Z[ \z[ Y`‚xzƒj[ zb[ \]jYx[xjZj^x}]jZ[€zx[\]j[Ybq_Z\x„“


62

SUNDAY NEWSWATCH, OCTOBER 5, 2014

MOTORING

FRIDAY EKEOBA friday.ekeoba@mydailynewswatchng.com

Cadillac flagship sedan to be named CT6

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adillac has said that it will name its new, lineuptopping sedan the CT6, marking the start of a \z‚—\z—”z z`[ zƒjx]^_ [ z€[ \]j[ luxury brand’s nomenclature. “The Cadillac CT6 continues z_x[ ”x^bqÂľZ[ j jƒ^\Yzb[ ^bq[ ˜ z”^ [ growth,â€? Cadillac chief marketing zJ}jx[ –j[ Yb˜]^_Z[ Z^Yq[ Yb[ ^[ statement. “CT6 will constitute an entirely new approach to the prestige sedan, emphasizing a q„b^`Y}[ qxYƒYb˜[ j¥‚jxYjb}j[ ^bq[ ^qƒ^b}jq[\j}]bz zÂ˜Â„Â“ÂŹ ]j[ xj^x—–]jj —qxYƒj[ Zjq^b[ that is slated for a launch in late 2015 was code-named LTS q_xYb˜[ Y\Z[ Yb\jxb^ [ qjƒj z‚`jb\“[ Yb˜]^_Z[ Z^Yq[ j^x Yjx[ \]YZ[ „j^x[ \]^\[]j[ƒYj–jq[ ^qY ^}ÂľZ[b^`Yb˜[ strategy as a weakness and was –zx~Yb˜[zb[xjƒYZYb˜[Y\“ ]j[ Âœ[b^`j[YZ[qjxYƒjq[€xz`[ the CTS, its “centerpiece car line,â€? Cadillac said in a statement, and YbqY}^\jZ[ ^[ Âś}z`Yb˜[ Z]YE[ \z[ ^[ ZY`‚ Y jq[ b^`Yb˜[ }zbƒjb\Yzb[ for future Cadillac models.â€? “CTâ€? will be used for car models, with \]j[b_`”jx[xjÂąj}\Yb˜[\]j[ZYžj[^bq[ position in the lineup.

Yb˜]^_Z[ Z^Yq[ \]^\[ \]j[ bj–[ b^`Yb˜[ }zbƒjb\Yzb[ –Y [ ]j ‚[ Z]z‚‚jxZ[”j jx[_bqjxZ\^bq[j^}][ ƒj]Y} jÂľZ[ ‚ ^}j[ –Y\]Yb[ ^qY ^}ÂľZ[ hierarchy. But he said the nameplates would change only –]jb[ ^[ ƒj]Y} j[ YZ[ xjqjZY˜bjqÂ’[ meaning that the ATS, CTS and

XTS names will stick around for Zjƒjx^ [„j^xZ“ The CT6 will “expand the Cadillac range upwards -meaning it will not replace any current product,� Cadillac said Yb[\]j[Z\^\j`jb\“[ \[–Y [”j[Z z jq[ ^”zƒj[\]j[ [^bq[ ’[^Y`Yb˜[to

Honda Civic Type-R to feature at Paris motor show

“join the elite group of top-class large luxury cars.â€? [Z^Yq[\]j[}^x[–Y [_Zj[^qƒ^b}jqÂ’[ lightweight materials and “new body construction techniques to reduce fuel consumption while enhancing qxYƒYb˜[q„b^`Y}Z[^bq[Z^€j\„“ The car is expected to borrow Z\„ Yb˜[}_jZ[€xz`[\]j[ ^qY ^}[ `Yx^Ă?[ concept. x^ƒYZ[ jZ\jxÂ’[ jÂĄj}_\Yƒj[ }]Yj€[ engineer for the CT6, said in a

statement that the car will be built on a new architecture and will be the “lightest and most agile carâ€? among \z‚— jƒj [ _ÂĄ_x„[Zjq^bZ“

j[ Z^Yq[ \]j[ Zjq^b[ ]^Z[ ”jjb[ engineered using lessons learned from the ATS and CTS sedans, which were built on a new, lightweight platform. [ –Y [ ”j˜Yb[ ”_Y qYb˜[ \]j[ œ[ in the fourth quarter of 2015 at its j\xzY\— ^`\x^`}~[‚ ^b\“

Mercedes Benz displays S500 Plug-in Hybrid at motor show

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^\jZ\[ ƒjxZYzb[ z€[ zbq^ÂľZ[ ]z\[ hatch will feature a turbocharged jb˜Ybj[€zx[\]j[ xZ\[\Y`jÂ’[^Z[–j [ as a manual gearbox The latest round of information to ]^ƒj[ ”jjb[ xj j^Zjq[ ”„[ zbq^[ xjƒj^ Z[ that the new hot hatch will feature a 2.0-litre turbocharged petrol engine that will produce more than 276bhp. b[ ~jj‚Yb˜[ –Y\][ ‚xjƒYz_Z[ „‚j[ [ models, whose naturally-aspirated jb˜YbjZ[ ]^ƒj[ ^ –^„Z[ ˜Yƒjb[ \]jYx[ ”jZ\[ –]jb[xjƒƒjq[]^xqÂ’[ zbq^[YZ[‚xz`YZYb˜[

\]^\[\]j[bj–[jb˜Ybj[–Y [zBjx[Âś]Y˜]— xjƒƒYb˜[‚jx€zx`^b}j“[ The Japanese company adds that the new engine will be paired with a sixspeed manual gearbox, rather than a fast-changing automatic such as you’ll  bq[Yb[\]j[ [  ²Â›Y[^bq[ jb^_ \[ Z‚zx\[ YzÂ’[ ^bq[ \]^\[ qxYƒjxZ[ –Y [ ”j[ ^” j[\z[Zj j}\[^[bj–[ÂĽĂ&#x; Âľ[`zqjÂ’[–]Y}][ will sharpen up the car’s responses for track use. The new system will change the jb˜Ybj[ `^‚[ \z[ ^[ `zxj[ ^˜˜xjZZYƒj[

Zj Yb˜[^bq[Yb}xj^Zj[Z\jjxYb˜[xjZ‚zbZj’[ ^Z[ –j [ ^Z[ Z\YBjbYb˜[ _‚[ ^b[ ^ —bj–[ ^q^‚\Yƒj[ q^`‚jx[ Z„Z\j`[ \]^\[ \]j[ „‚j— [–Y [˜j\“[ \]jx[qxYƒjx—€z}_ZZjq[˜^q˜j\x„[–Y [ include a ‘steer axis’ system which

zbq^[ Z^„Z[ –Y [ ]j ‚[ \z[ `YbY`YZj[ torque steer.

zbq^[–Y [qYZ‚ ^„[Y\Z[ YƒY}[ „‚j— [ zb}j‚\[Yb[^[ƒYƒYq[Z]^qj[z€[” _j[^\[\]j[ ^xYZ[ z\zx[ ]z–’[\z[˜Yƒj[Z]z–˜zjxZ[ a strong hint toward the way the ‚xzq_}\Yzb[ƒjxZYzb[–Y [ zz~“[

Ways to extend life span of your car

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]jxj[ ^xj[ ZY`‚ jÂ’[ ^Bzxq^” j[ ways to keep your car in good condition. One of the `zZ\[zƒjx zz~jqÂ’[„j\[z”ƒYz_Z[ ways, is to follow the recommended maintenance schedule for your ‚^x\Y}_ ^x[ ƒj]Y} j“[ ‚jbq[ ^[ €j–[ minutes reading the maintenance schedule and follow it religiously. Beyond that, here are the ways to `^~j[Z_xj[„z_x[}^x[qxYƒjZ[^bq[ zz~Z[ like new for years to come. Â? J9?|;@J9;‘HA=P j˜_ ^x „[}]j}~[\]j[ jƒj [z€[„z_x[zY Â’[ \x^bZ`YZZYzb[ Âą_YqÂ’[ ^b\Y€xjjžjÂ’[ ”x^~j[ ^bq[ ‚z–jx[ Z\jjxYb˜[ Âą_YqZ“[ [ zbZ\^b\[ ƒY˜Y ^b}j[–Y [–^xb[„z_[z€[ j^~Z[Zzzbjx[ rather than later which will help you ^ƒzYq[ ‚xz” j`Z[ ^ZZz}Y^\jq[ –Y\][ z–[ jƒj Z“[ [ zZ\[ }^xZ[ bjjq[ \]jYx[ Âą_YqZ[

}]^b˜jq[jƒjx„[¢Â’ššš[\z[›’ššš[`Y jZ“ Â? FD9;M7A<@9<7<?9 Check your tyre pressure regularly. ]jb[ „z_x[ \„xjZ[ ^xj[ ‚xz‚jx „[ YbÂą^\jqÂ’[ it helps the tyres last longer and handle ”j jx“[[ \[^ Zz[]j ‚Z[Z^ƒj[zb[˜^Z[q_j[\z[ „z_x[}^x[x_bbYb˜[`zxj[Z`zz\] „“[[ ^~j[ sure to check the wear of your tyres at j^Z\[ \–Y}j[ ^[ „j^x“[ [ j‚ ^}j[ ^b„[ –zxb[ tyres immediately. A worn tyre cause ‚zzx[]^bq Yb˜[^bq[^Bj}\Z[z\]jx[‚^x\Z[z€[ „z_x[ ƒj]Y} j[ Yb[ bj˜^\Yƒj[ –^„Z“[ \ÂľZ[ ^ Zz[ q^b˜jxz_Z[^bq[}^b[}^_Zj[Âą^\[\„xjZ[j^ZY „“ Â? 9LC7?9;{7ˆ9DF [ƒj]Y} j[–Y\][^[z q[zx[q„Yb˜[”^ jx„[YZ[ a common problem that can cause your car alarm to stop working or your car to Z\z‚[x_bbYb˜“[[ z[^ƒzYq[‚z\jb\Y^ „[”jYb˜[ Z\x^bqjq[–Y\][^[qj^q[”^ jx„’[`^~j[Z_xj[ \z[xj‚ ^}j[„z_x[q„Yb˜[”^ jx„[^Z[Zzzb[^Z[

you see signs of diminished power. Car ”^ jxYjZ[ ^xj[ _Z_^ „[ ZY`‚ j[ \z[ xj‚ ^}j[ yourself. Â? 9LC7?9;]A<=PJA9C=;]AL9D;{C7=9P If you can’t see your windshield properly when it’s raining or snowing jƒjb[ –]jb[ „z_x[ –Y‚jx[ ” ^qjZ[ ^xj[ zbÂ’[ Y\ÂľZ[ \Y`j[ €zx[ bj–[ zbjZ“[ [ Y‚jx[ ” ^qjZ[ are probably one of the easiest things to xj‚ ^}j“[[ Y`‚ „[ YE[„z_x[–Y‚jx[” ^qjZ[ zB[ \]j[ –YbqZ]Yj q[ ^bq[ Zjj[ Y€[ \]j„[ ^xj[ xY‚‚jqÂ’[”xY j[zx[q^`^˜jq[Yb[^b„–^„“[[ If they are, replace them immediately ZYb}j[ qxYƒYb˜[ –Y\]z_\[ } j^x[ ƒYZYzb[ compromises your safety and others in your car. If you continue to see issues –Y\][ „z_x[ –YbqZ]Yj q[ ƒYZY”Y Y\„[ jƒjb[ ^Ejx[ „z_[ ]^ƒj[ xj‚ ^}jq[ „z_x[ –Y‚jx[ blades, there may be deeper issues with your windshield.

]j[ jx}jqjZ[ jbž[ ›šš[ _˜— Yb[ „”xYq[ –^Z[ z_\ Ybjq[ €zx[ display at Paris auto show during the week. The car is one of at least 10 new plug-in hybrid models the company plans to introduce by 2017 — as the jx`^b[ `^b_€^}\_xjx[ zz~Z[ \z[ €_  [ strict carbon emission requirements in _xz‚j“ The new long-wheelbase S500 Plug b[ „”xYq[–Y [”j[€z z–jq[”„[^[‚ _˜—Yb[ ]„”xYq[ ƒjxZYzb[ z€[ \]j[ `YqZYžj[ [ } ^ZZ[ next year. ]jb[ jx}jqjZ[ –Y [ xz [ z_\[ ‚ _˜— Yb[ qjxYƒ^\YƒjZ[ z€[ z\]jx[ xj^x—[ ^bq[ ^ — –]jj —qxYƒj[`zqj Z[Yb} _qYb˜[Y\Z[ ZÂ’[ jÂĄj}_\YƒjZ[ €xz`[ ‚^xjb\[ ^Y` jx[ \z q[ industry watchers last week. ]j[ ›šš[ _˜— b[ „”xYq[ –Y [ ^xxYƒj[ in some international showrooms in ^x}][z€[bjÂĄ\[„j^x“ Âś ]j[ ›šš[ _˜— b[ „”xYq[YZ[\]j[ xZ\[ luxury saloon with the performance z€[^[ ½[^bq[\]j[€_j [}zbZ_`‚\Yzb[z€[^[ compact model. The greatest challenge in this is \z[ \x^bZ ^\j[ jJ}Yjb}„[ Yb\z[ Z_‚jxYzx[

performance. In this respect, there is a highly interesting parallel with our successful Formula 1 racing car, which likewise ]^Z[ ^[ \_x”z}]^x˜jq[ Âœ[ jb˜Ybj[ ^bq[ ^[ ]Y˜]—\j}][]„”xYq[qxYƒjÂ’ÂŹ[Z^„Z[`j`”jx[ z€[\]j[ ^Y` jx[ z^xq[z€[ ^b^˜j`jb\[ xjZ‚zbZY” j[ €zx[ xz_‚[ jZj^x}][ ^bq[ jx}jqjZ— jbž[ ^xZ[ jƒj z‚`jb\Â’[ xz€“[ x“[ ]z`^Z[ j”jx’“[ ]j[ `zqj [ zBjbZYƒj[ xj‚xjZjb\Z[ \]j[ biggest commitment to plug-in power by a German premium brand to date. Audi plans to launch at least four plug-in hybrids, starting with the Audi ²[ ‚zx\”^}~[j—\xzb[\]^\[YZ[Z}]jq_ jq[ \z[^xxYƒj[Yb[Z]z–xzz`Z[\]YZ[ j}j`”jx“ ]j[ ›šš[ _˜—Yb[ „”xYq[ zBjxZ[ ^[ Z„Z\j`[z_\‚_\[z€[²Â™Â›[~ [^bq[œ›š[ `[ torque, sprints from 0 to 100 km/h in Ă?_Z\[›“™[Zj}zbqZ[^bq[}^b[qxYƒj[_‚[\z[²²[ km on electric motors alone. ]j[ }jx\Y jq[ }zbZ_`‚\Yzb[ YZ[ ™“½[ litres/100 km, which corresponds to 65 g CO2/km emissions. j„[ j j`jb\Z[ z€[ \]YZ[ Y`‚xjZZYƒj[ z_\‚_\[ ^xj[ \]j[ Âœ[ ”Y\_x”z[ ^bq[ \]j[ Yb\j Y˜jb\[]„”xYq[qxYƒj“


63

SUNDAY NEWSWATCH, OCTOBER 5, 2014

PERSONAL FINANCE WEALTH & WISDOM

Problems money can’t solve

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f only I had more money‌ I’d be happier.â€? “I wouldn’t be in such a truss.â€? “I could buy all the things my heart desired.â€?And the list goes on. It’s true: money can wash ^–^„[ „z_x[  b^b}Y^ [ woes if used properly, but there are a number of other issues it simply can’t solve. What money can’t solve â[ [ zzx[ Z‚jbqYb˜[ habits It’s not how much you make, but how you spend it. A hard week at work or unexpected promotion may call for a reward — but is it within reason, or are you relying on credit cards to support your excessive spending habit? Contrary to popular belief, if you don’t take care of your money, it won’t take care of you. Just think of a luxury car: it glistens on the

roadway, but what ]^‚‚jbZ[ ^Ejx[ „j^xZ[ of neglect? It loses its value and visual appeal. My advice: start living within your means and being disciplined with your spending. Your wallet will thank you. â[ zzx[ ‚]„ZY}^ [ ^bq[ spiritual wellness If you’re empty inside, all the money in \]j[–zx q[}^bÂľ\[ [\]zZj[ voids. Don’t believe me? Think of all the wealthy individuals who seemed to have the perfect life, but resorted to drug-use or even worse, suicide. I’m almost certain money wasn’t the issue; it was the depression beneath the surface that drove them over the edge. And not even a luxurious vacation, multi-million dollar mansion, or brand new yacht could ease the pain. You must take action to become physically

and spiritually well, because no one else can do it for you. â[[ ^xY\^ [YZZ_jZ Even if your spouse YZ[ ^ x^}\jq[ \z[ \]j[ material things you can purchase for them, underlying issues may still exist. (And you should start to wonder if the bond is genuine if shopping sprees are the highlight of your union).

It’s not how much you make, but how you spend it

Most discord in a marriage stems from issues way deeper than money, so showering the love of your life with presents each time a verbal disagreement erupts won’t permanently ease all the pain and heartache they’ve endured. Open communication and compromise will. â[ „Z€_b}\Yzb^ [ relationships It’s no secret: wealthy ‚jz‚ j[ ^xj[ zEjb[ \]j[ }jb\xj[ z€[ ^ jb\Yzb[ among those of a lower social status. But if the money were gone today, how many of their so-called “friendsâ€? would remain in their corner? Not many, because the relationships would bz[ zb˜jx[”j[”jbj }Y^ [ to the social climbers. z z`[ Ybj¤[ `zbj„[ can buy a lot of things, but it can’t buy happiness and genuine relationships.

Principles of creating good fortunes Chidozie Christian Okoko

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ave you ever wondered how you can improve your luck? Why do some people get sick while another stays healthy even when there is no Zjb\Y`jb\[ ^ ^}]jqĂ“[ Why does one person Zjj`[ \z[  bq[ –j^ \][ ^bq[ prosperity everywhere while another never succeeds at anything? Many believe that the answer to all these questions is ‘luck’. Oxford Advanced Learner’s Dictionary qj bjZ[ ÂĽ _}~Âľ[ ^Z[ ˜zzq[ things that happens to you by chance, not because of your own jBzx\Z[ zx[ ^”Y Y\YjZ“[ z`j[ people seem to have all the lucks; they always win, but the onus is that real good luck is about ^ x^}\Yb˜[˜zzq[€zx\_bj[Yb[ your everyday decisions. Lucky people meet their perfect partners, achieve their lifelong ^`”Y\YzbZÂ’[ ^bq[ €_  Yb˜[ careers, and live happy and meaningful lives. Their success may not be due to them exceptionally

working hard, being amazingly talented or intelligent. Instead, they simply appear to have an ability to be in the right place at the right time and enjoy more than their fair share of lucky breaks. Looking at ‘hard work’ as part of the things that makes luck or fortune, we see that it does not necessarily equal success. But, among other factors helps on the way to success. It might `j^bZ[ ‚_ Yb˜[ ƒjx„[ Z\xzb˜[jBzx\Z[Yb\z[^[\^Z~Â’[ xjZj^x}][}zb x`Z“[[ Knowing that nobody is responsible for what happens to you but “youâ€?, means that you can take a long hard zz~[ ^\[ „z_x[  b^b}j[ ^bq[ start working towards ^}]YjƒYb˜[ ˜zzq[  b^b}Y^ [ ]z_Zj[ ^bq[  b^b}Y^ [ independence. Thomas

jBjxZzb[ Z^Yq[ Âś [ ^`[ ^[ great believer in luck, and I found out that the harder I work, the more I haveâ€? By being patient, persistent and having a ‚zZY\Yƒj[^ Y\_qjÂ’[„z_[–Y [ see more lucky result on your way.

The lucky may be said to be skilled at creating, noticing and acting upon chance opportunities. They do this in various ways including positive thinking, adopting a xj ^¥jq[ ^ Y\_qj[ \z[ Y€j[ and being open to new experiences. If you are the type of person who believes that the glass cup is half full, not half empty, then you are already familiar with positive thinking. Information gathered shows that being optimistic can relieve

Knowing that nobody is responsible for what happens to you, but You

stress and help you live zb˜jx“[ ^~Yb˜[ jBj}\Yƒj[ decisions by listening to your intuitions and feelings, allows luck to come on your way. In addition, taking steps to actively boost your intuitive abilities such as meditating, clearing your mind from other ill-thoughts helps you to persist in the face of failure, and shape your interactions with others in a positive way. Having known that the future is certainly going to be full of good fortune, your expectation becomes Zj €—€_  Yb˜[ ‚xz‚]j}YjZ“[ Various psychological techniques are employed to cope like imagining how things could have been worse; still you need to believe that you will overcome the ill-fortune someday. Lucky people make jBj}\Yƒj[ qj}YZYzbZ[ ”„[ listening to their intuitions as I earlier said. And, these are ways of planting the seeds of success in our subconscious which helps us to think positively, and to be more prepared for the Z_}}jZZ“[ j`jb\[ “[ \zbj[ asserts that whatever the mind of man can conceive and believe, it can achieve.

Courtesy: Chidozie Christian Okoko is co-author of the book, Financial Tutorial: First Aid Treatment to Money Problems. Contacts: 08069734699, chidochrisozonegold@ yahoo.com.

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

!"# $%& ' " (%& ") % $' —Dante

Stocks:To hold or to trade?

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he question as to which investment strategy to adopt in stock investments has been a long-standing one. It ]^Z[ zEjb[ ”jjb[ ^Z~jqÂ’[ Âś ]z_ q[ [ ”_„[ Z\z}~Z[ \z[ xjZj [ Yb[ \]j[ Z]zx\—\jx`[ Yb[ zxqjx[ \z[ `^~j[ ‚xz \Z[ \]xz_˜][ }^‚Y\^ [ appreciation (i.e. price increases) or should I buy to hold for the long-term in the hope that the stock will grow substantially in value by outperforming the market?â€? And the question is not surprising since it is well known that even though stock markets, especially in developing economies, have great potential for returns, they are equally highly volatile in price and performance especially in the short-term. It is thus interesting to hear some investors in the market profess that the best strategy is to buy fundamentally strong stocks and hold them over the long-term, while some others will swear that the only way to make good money is to do active trading over the short-term. Impressed...personally jxZzb^ „’[ [–^Z[Y`‚xjZZjq[”„[Zz`j\]Yb˜[ [˜^xbjxjq[€xz`[ an interview I conducted some years back with one of the greatest investors the Nigerian system has produced – Alhaji Umar Faruk, who also happens to be the leader of one of the nation’s shareholders’ associations. Alhaji Faruk told me of how he invested N200,000 in the First Bank stock in a particular year and had this same investment become about N13 million in just 12 years without any single additional investment in that stock. This is a typical buy and hold approach or strategy to investing in the market. I was quite young and impressionistic in stock market `^ jxZ[ \]jb[ ^bq[ ‚xjZ_`jq[ \]YZ[ –^Z[ \]j[ ”jZ\[ YbƒjZ\`jb\[ Z\x^\j˜„’[ \^~Yb˜[ ^Ejx[ Y\[ ^Z[ Zzzb[ ^Z[ [ Z\^x\jq[ YbƒjZ\Yb˜[ Yb[ \]j[ market myself. However, in the course of covering the market and writing articles on it, I was soon to encounter contrary convictions about strategies in investing in the market. I remember vividly a rejoinder I received to one of my articles in which I had advocated the ‘slow and steady’ approach to investing as opposed to an aggressive and speculative one. The respondent made a profound submission shooting several holes in my treatise and arguing that, just like he had experienced, speculative investment was indeed the most lucrative strategy in the market. z[ [ Z\^x\jq[ zz~Yb˜[ Yb\z[ \]j[ xj ^\Yƒj[ ^qƒ^b\^˜jZ[ z€[ j^}][ Z\x^\j˜„[^bq[`„[Z_”`YZZYzb[€zx`Z[\]j[Z_”Ă?j}\[`^ jx[]jxj“ Bu -and-hold strategy This strategy is based on the assumption that, based on historic evidence, stock prices will go up in them long-term. Users of this strategy buy stocks with strong fundamentals and hold them for a long period while ignoring the short\jx`[‚xY}j[Âą_}\_^\Yzb[€zx[–]Y}][\]j[`^x~j\[YZ[–j [~bz–b“ Apart from the advantage of price growth in the long-term, \]YZ[ Z\x^\j˜„[ ]^Z[ \]j[ ^qqY\Yzb^ [ ”jbj \[ \]^\[ jZZ[ YZ[ ‚^Yq[ ”„[ the investor in form of broker’s commissions since he trades less frequently. Users of this strategy need to have adequate information in determining which company possesses good fundamentals; they then buy into them and hold for several years. The major disadvantage of this approach is that historical information on which the decision is based does not xj`^Yb[ƒ^ Yq[Yb bY\j „“ Speculative or market-timing strategy Basically, market timers watch the market, make predictions based on available information, buy at low prices hoping to sell when the prices substantially swing up, thus making a gain. Many individuals who have got this strategy right have been known to make considerable amounts of money from \]j[ `^x~j\Â’[ Yb} _qYb˜[ ^xxjb[ _Bj\Â’[ \]j[ j˜jbq^x„[ Z\z}~[ market investor, who has made fortunes through this strategy. ¥‚jx\Z[^˜xjj[\]^\[^\[”jZ\Â’[`^x~j\[\Y`Yb˜[YZ[ƒjx„[qYJ}_ \[\z[ use as one can never tell just when the prices are at a ‘high’ or at a ‘low’ and warn that users of this strategy should learn to get in and out at modest points while resisting the factor of greed. Another possible disadvantage to this strategy is the high broker’s commission the user has to pay by virtue of the high frequency of transactions, especially in the case of small transactions.

Finale It is considered safe by most experts that a combination of both strategies be employed by investors; buying some fundamentally strong stocks on buy and hold grounds, especially in the primary market for use in the distant future e.g. for the payment of one’s wards’ tertiary education and buying others from the secondary market for active trading to grow one’s funds in the short-term. What proportion each takes in the combination will then be dependent on the YbƒjZ\zxÂľZ[z”Ă?j}\YƒjÂ’[xYZ~[\z jx^b}j[^bq[Z‚j}Y }[ZY\_^\Yzb“


64

SUNDAY NEWSWATCH, OCTOBER 5, 2014

GLOBAL BUSINESS

China takes bold step to lift economy M

Microsoft to tap $2tn Indian cloud market

William Anaebonam with agency report

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hina has cut mortgage rates and down payment levels for some home buyers for \]j[ xZ\[\Y`j[ZYb}j[\]j[™šš½[ ˜ z”^ [  b^b}Y^ [ }xYZYZÂ’[ `^~Yb˜[ zbj[ of its biggest moves to boost an economy increasingly threatened by ^[Z^˜˜Yb˜[]z_ZYb˜[`^x~j\“[ The relaxation of lending rules for home buyers was accompanied by Z\j‚Z[\z[Yb}xj^Zj[ b^b}Yb˜[€zx[}^Z]— Z\x^‚‚jq[ qjƒj z‚jxZÂ’[ –]Y}][ `^„[ have problems paying their debts if \]j[ ‚xz‚jx\„[ qz–b\_xb[ ‚jxZYZ\ZÂ’[ ^Z[ `^b„[j}zbz`YZ\Z[j¥‚j}\“[ Yet some analysts cautioned YbƒjZ\zxZ[ ^˜^YbZ\[ \]Yb~Yb˜[ \]^\[ \]j[ ]z_ZYb˜[ `^x~j\[ ^bq[ ”xz^qjx[ economy were poised to stage a Z\_bbYb˜[xj}zƒjx„“[ A glut of unsold or unoccupied homes and buyers’ expectations of further price declines could temper ^b„[xj”z_bq“[ Âś jÂľxj[ ‚xz”^” „[ \^ ~Yb˜[ ^”z_\[ Zz`j[ Z\^”Y YZ^\Yzb[ ^\[ ^[ z–[ jƒj Â’[ ”_\[Y\ÂľZ[‚xz”^” „[_b Y~j „[\z[qxYƒj[^[ xj”z_bq[ Yb[ \]YZ[ `^x~j\Â’ÂŹ[ Z^Yq[ ]_[

^Y”Yb’[^b[j}zbz`YZ\[^\[ zx˜^b[Yb[

zb˜[ zb˜“[ “House prices are probably going \z[}zb\Yb_j[\z[qj} YbjÂ’[”_\[^\[^[Z z–jx[ ‚^}j“[ The housing downturn has –jY˜]jq[ zb[ ^ xj^q„[ ZzE[ qj`^bq[ Yb[ ]Yb^Â’[ q^`‚jbYb˜[ }zbZ_`jx[ }zb qjb}j[ ^bq[ Z ^Z]Yb˜[ qj`^bq[ for related products from home ^‚‚ Y^b}jZ[\z[˜ ^ZZÂ’[}j`jb\[^bq[Z\jj “[ _\[jƒjb[Y€[\]j[`^x~j\[zb „[Z]z–Z[ ZY˜bZ[z€[”z z`Yb˜[z_\Â’[Y\[}z_ q[‚_\[^[ Âązzx[ _bqjx[ €^ Yb˜[ ˜ z”^ [ ‚xY}jZ[ €zx[ raw materials such as copper and Yxzb[ zxjÂ’[ ]j ‚Yb˜[ ”Y˜[ }z``zqY\„[ ‚xzq_}jxZ[ Y~j[ _Z\x^ Y^“[ ]j[bj–ZÂ’[–]Y}][}^`j[zb[\]j[jƒj[z€[ \]j[ z qjb[ jj~[ ]z Yq^„’[ ZY˜b^ jq[ that China’s central authorities were serious about preventing further deterioration in the property `^x~j\Â’[–]Y}][^}}z_b\Z[€zx[^”z_\[ Â›[ ‚jx}jb\[z€[\]j[–zx qÂľZ[Zj}zbq—”Y˜˜jZ\[ j}zbz`„“[ Âś j[–Y [Zjj[\]j[`^x~j\[”zz`[–Y\][ Z^ jZ[q_xYb˜[\]j[ z qjb[ jj~Â’ÂŹ[Z^Yq[ Y_[ _^bÂ’[ \]j[ ]j^q[ z€[ xjZj^x}][ ^\[ jb\^ YbjÂ’[ ^[ ‚xz‚jx\„[ }zbZ_ \^b\Â’[ Yb[ ]^b˜]^Y“[ Âś _}][ ˜zzq[ bj–Z[ –Y [ `^~j[ developers adjust their sales strategy zƒjxbY˜]\Â’ÂŹ[ ]j[ Z^YqÂ’[ ‚xjqY}\Yb˜[ ^[  Â›[ percent monthly jump in property

Jibao

Z^ jZ[Yb[ }\z”jx“[ j}zbq—]z`j[ ”_„jxZ[ }^b[ bz–[ ˜j\[ ^[ ²Âš[ ‚jx}jb\[ qYZ}z_b\[ zb[ \]jYx[ `zx\˜^˜j[ x^\jZÂ’[ ^b[ zBjx[ ‚xjƒYz_Z „[ Y`Y\jq[ zb „[ \z[  xZ\—]z`j[ ”_„jxZÂ’[ \]j[ }jb\x^ [ ”^b~[ ^bq[ \]j[ ”^b~Yb˜[ xj˜_ ^\zx[Z^Yq“[ Downpayment levels were also }_\[\z[²Âš[‚jx}jb\[€xz`[ÂœÂšÂ—ĂšÂš[‚jx}jb\“[ Home prices fell for the fourth consecutive month in August while new construction activity continued \z[Z _`‚’[ j^qYb˜[`^b„[^b^ „Z\Z[\z[ argue that only a cut in mortgage

signal from the central government \]^\[ Y\ÂľZ[ \Y`j[ \z[ ˜j\[ ”^}~[ Yb\z[ \]j[ `^x~j\Ă“ÂŹ[ Z^Yq[ Y`[ zbqzbÂ’[ ^b[ j}zbz`YZ\[^\[ [ ^b~[Yb[ Yb˜^‚zxj“[ [[ z[Z_‚‚zx\[\]j[]z_ZYb˜[`^x~j\Â’[¢Âš[ z€[¢Âœ[xj˜Yzb^ [ ]YbjZj[˜zƒjxb`jb\Z[ have already abolished housing investment limits that were originally in place to calm frothy ]z`j[‚xY}jZ“[ j\Â’[‚xY}jZ[]^ƒj[}zb\Yb_jq[\z[qxz‚[ Yb[^[xj}zxq[b_`”jx[z€[}Y\YjZ“[ Now authorities have relaxed the x_ jZ[jƒjb[€_x\]jx“[ In cities without housing YbƒjZ\`jb\[ Y`Y\ZÂ’[ ”^b~Z[ jbq[ \z[ those buying their third homes and who do not have any outstanding _b‚^Yq[`zx\˜^˜jZ“[ ^b~Z[ –jxj[ ‚xjƒYz_Z „[ ”^xxjq[ from lending to residents who were trying to buy more than two homes Yb[”Y˜[}Y\YjZ“[ “For families that own one home ^bq[ ]^ƒj[ ‚^Yq[ zB[ \]jYx[ `zx\˜^˜jZÂ’[ ”^b~Z[ Z]z_ q[ \xj^\[ \]j`[ ^Z[  xZ\— ]z`j[ ”_„jxZÂ’ÂŹ[ \]j[ jz‚ jÂľZ[ ^b~[ z€[ ]Yb^[^bq[\]j[”^b~Yb˜[xj˜_ ^\zx[ said in a joint statement on the }jb\x^ [”^b~ÂľZ[–j”ZY\j“[ ^b~Z[ Z]z_ q[ Âź_Y}~jb[ \]jYx[ disbursements of mortgages and lend to healthy property developers that have commercially viable ‚xzĂ?j}\ZÂ’[\]j[xj˜_ ^\zxZ[Z^Yq“[ z`j[ –z_ q—”j[ ]z`j[ ”_„jxZ[ have reported long waits for loan applications to be processed by rates could turn things around for the ”^b~Z[ –]Y}][ ^xj[ –^x„[ z€[ \^~Yb˜[ on even more exposure to the Zj}\zx[^bq[\]j[j}zbz`„“[ Factory output and a broad –j^~jbYb˜[ Zj}\zx[ ^Z[ ”^q[ z^bZ[ measure of credit supply in China } Y`”“[ z[ ‚^„[ €zx[ \]j[ `zx\˜^˜jZÂ’[ \]j[ ”z\][ Z~Yqqjq[ _bj¥‚j}\jq „[ \z[ ZY¥— xj˜_ ^\zxZ[ Z^Yq[ ”^b~Z[ Z]z_ q[ Zj [ „j^x[ z–Z[\]YZ[Z_``jx“[ That fuelled bets that China’s `zx\˜^˜j—”^}~jq[ Zj}_xY\YjZ[ ^bq[ leaders would have to further loosen ”zbqZ[–Y\][ zb˜jx[`^\_xY\YjZ“[ Developers on their part were  Z}^ [ ^bq[ `zbj\^x„[ ‚z Y}YjZ[ Y€[ \]j„[ wish to grow the economy by around also encouraged to sell bonds in ړ›[ ‚jx}jb\[ \]YZ[ „j^xÂ’[ ^Z[ \^x˜j\jq[ ”„[ \]j[ Yb\jx”^b~[ `^x~j\Â’[ ^bq[ ^[ ‚Y z\[ €zx[ xj^ [ jZ\^\j[ YbƒjZ\`jb\[ \x_Z\ZÂ’[ \]j[˜zƒjxb`jb\“[ Âś [\]Yb~[\]j[”Y˜[`^}xz[}^ [€zx[ ]Yb^[ zx[ ZÂ’[ –z_ q[ ^ Zz[ ”j[ Z\^x\jq[ \z[ is: will home buyers respond to the ”xz^qjb[ b^b}Yb˜[}]^bbj Z“[

German unemployment rises

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he number of those out of –zx~[ Yb[ jx`^b„[ ‚zZ\jq[ ^[ Z_x‚xYZj[ ˜^Yb[ Yb[ j‚\j`”jxÂ’[ with seasonally adjusted _bj`‚ z„`jb\[xYZYb˜[”„[ Â™Â’ššš[€xz`[ _˜_Z\Â’[\]j[ ^”z_x[zJ}j[Z^Yq“[ The increase pushed the total number of unemployed in Europe’s ”Y˜˜jZ\[j}zbz`„[\z[™“À ½[`Y Yzb“[ Analysts had expected _bj`‚ z„`jb\[ \z[ qxz‚[ ”„[ ™’ššš[ Yb[ _˜_Z\“[ The unemployment rate was _b}]^b˜jq[ ^\[ ^[ `zxj—\]^b[ \–z[

qj}^qj[ z–[z€[ÂœÂ“Ăš[‚jx[}jb\“[ b[ Zj^Zzb^ „[ _b^qĂ?_Z\jq[ \jx`ZÂ’[ _bj`‚ z„`jb\[ €j [ ”„[ Ă€¢Â’ššš[ \z[ ™“½Âš½[ `Y YzbÂ’[ \]j[ ^”z_x[ zJ}j[ Z^YqÂ’[ resulting in the unadjusted rate €^ Yb˜[€xz`[ÂœÂ“Ăš[‚jx[}jb\[ ^Z\[`zb\][\z[ œ“›[‚jx[}jb\[Yb[ j‚\j`”jx“[[ j^b–]Y j[[\]j[Zj^Zzb^ „[^qĂ?_Z\jq[ _bj`‚ z„`jb\[ x^\j[ Yb[ ^‚^b[ €j [ \z[ ²Â“›[ ‚jx}jb\[ €xz`[ _ „¾Z[ ²Â“½[ ‚jx}jb\Â’[ Yb\jxb^ [^B^YxZ[`YbYZ\x„[q^\^[Z]z–jq“[ Economists’ median forecast ]^q[ ‚zYb\jq[ \z[ ^[ Âą^\[ xj^qYb˜[ ^\[ ²Â“½[ ‚jx}jb\“[

]j[ Ă?z”Z—\z—^‚‚ Y}^b\Z[ x^\Yz[ –^Z[  “ š[ Yb[ _˜_Z\Â’[ _b}]^b˜jq[ €xz`[ the previous month when the ratio } Y`”jq[\z[Y\Z[]Y˜]jZ\[ZYb}j[ _bj[ ÀÀ™’[ according to data from the labour `YbYZ\x„“[ The median estimate from economists had indicated that the x^\YzÂ’[ ^[ `j^Z_xj[ z€[ ^”z_x[ qj`^bqÂ’[ –z_ q[xj`^Yb[_b}]^b˜jq“[ ]j[ b_`”jx[ z€[ bj–[ Ă?z”[ zBjxZ[ €j [ š“Ú[ ‚jx}jb\[ Yb[ _˜_Z\[ €xz`[ \]j[ ‚xjƒYz_Z[ `zb\][ ^bq[ –^Z[ qz–b[ š“œ[ ‚jx}jb\[€xz`[^[„j^x[^˜z“[—[ j_\jxZ[

Investors wary amid Hong Kong unrest

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ZY^b[Z]^xjZ[˜z\[zB[zb[\]j[ÂąY‚ZYqj[ foot as continued civil unrest in

zb˜[ zb˜[Z^‚‚jq[}zb qjb}jÂ’[ while the dollar index was in ZY˜]\[z€[^[€z_x—„j^x[]Y˜][^Ejx[`^x~Yb˜[Y\Z[ ”jZ\[Âź_^x\jx „[˜^Yb[Yb[ZYÂĄ[„j^xZ“[ Trading in Asia was expected to be more Z_”q_jq[ \]^b[ _Z_^ Â’[ –Y\][ ]Yb^[ } zZjq[ for National Day and investors warily monitoring developments in Hong Kong’s ‚xz—qj`z}x^}„[ _bxjZ\Â’[ ^Z[ \]z_Z^bqZ[ z€[ protesters stepped up pressure on the }Y\„¾Z[‚xz— jQYb˜[˜zƒjxb`jb\“[ ÂľZ[ ”xz^qjZ\[ YbqjÂĄ[ z€[ ZY^— ^}Y }[ Z]^xjZ[z_\ZYqj[ ^‚^b[–^Z[qz–b[š“¢[‚jx}jb\Â’[ –]Y j[ ^‚^bÂľZ[ Y~~jY[Z\z}~[^ƒjx^˜j[€j [š“™[

‚jx}jb\“[ ^‚^bÂľZ[”jb}]`^x~[xzZj[¢Â“Ă€[‚jx}jb\[ Yb[ j‚\j`”jxÂ’[\]j[”Y˜˜jZ\[`zb\] „[xYZj[ZYb}j[ ^Z\[ zƒj`”jx“[ ]j[ ^b~[ z€[ ^‚^bÂľZ[ } zZj „[ –^\}]jq[ \^b~^b[ Z_xƒj„[ z€[ ”_ZYbjZZ[ Zjb\Y`jb\[ xj j^Zjq[”j€zxj[\]j[`^x~j\[z‚jbjq[Z]z–jq[ ”Y˜[ `^b_€^}\_xjxZÂľ[ }zb qjb}j[ Y`‚xzƒjq[ Z Y˜]\ „[ Yb[ \]j[ ^\jZ\[ Âź_^x\jxÂ’[ ”_\[ ZjxƒY}j— Zj}\zx[ Zjb\Y`jb\[ –zxZjbjqÂ’[ ^qqYb˜[ \z[ jƒYqjb}j[\]^\[^[Z^ jZ[\^ÂĄ[]Y~j[}zb\Yb_jZ[\z[ –jY˜][zb[\]j[j}zbz`„“[ ]j[ qz ^x[ YbqjÂĄÂ’[ –]Y}][ \x^}~Z[ \]j[ ˜xjjb”^}~[ ^˜^YbZ\[ ^[ ”^Z~j\[ z€[ xYƒ^ [ }_xxjb}YjZÂ’[ \z_}]jq[ ^[ €z_x—„j^x[ ]Y˜][ z€[ ½ÂœÂ“™ ½Â’[^bq[ ^Z\[Z\zzq[^\[½Â›Â“Ă€²Ă€Â“[ ]j[ j_xz[ Z~Yqqjq[ ^Z[ z–[ ^Z[ Ăž Â“™›Ú [ zb[

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