Dtn 19 5 16

Militants shift attacks to Bayelsa, bomb Agip gas pipeline Ï MƆƓ Ə Ƒƍ ƆƌƆƏ Ɔ è ƗƆƌ Ɨ ƗƆéƇƏƆƆƖƈ Ƈ j ƌƍ Ƌ ô ƅƅ Ƒ Ɛè ƏƆƋƆ Ɔ Ƈ E Ƒè # ƑƊƈ Ï Ɛ ƆƏ ƈ ƑƆ ƣéƗ ƕ ƑƋƐƈƌ ƐƑƌ Ɛ ƈƋ ƇƈƏƌ ƈ ô9Ƅ ƌ Ï yƈ ƋƆ ƅƆ ƓƈƋƋ Ə ƒ ƐƆ Mƈ ƆƏ #ƆƋƐ Ɠ Ɔ è ƕ 1 ƒê #ƈƅƊ Ï LƈƋƈƐ Əƕ ƅƐƈ Ɠ ôƐ Ɔ Ɨ ƌƈƋƈƐ ƅƕè Ƌ ƏƊ ƐƆƋƋ Ƒ Əƈ

ÎÎÎSuspected Niger Delta militants on

Tuesday night blew up the SagbamaTuomo gas line, belonging to Nigerian Continued on page 12

dailytimesng

https://plus.google.com/+DailytimesNgr/posts

www.facebook.com/dailytimesngr

https://twitter.com/DailyTimesNGR

THURSDAY, MAY 19, 2016 VOL. 2. NO. 112

GAINERS

N150

LOSERS

NSE GAINERS AND LOSERS AS AT 17th May, 2016.

CONOIL

23.00

1.99

9.47%

UNIONDICON

13.86

0.66

5.00%

VITAFOAM

4.43

-0.47

-9.59%

TRANSCORP

1.16

-0.12

-9.38%

NEIMETH

1.05

0.05

5.00%

CUTIX

1.65

0.07

4.43%

DIAMONDBNK

1.82

-0.19

-9.45%

FO

205.32

-19.68

-8.75%

NLC strike in shaky start across states

By Our Correspondents Ï dƐƏƈƊƆ ƓƈƋƋ ƆƔƍ Ɨ ƈƐ ƍƏ ƏƆ Ɔ è ƕ Ƒ ƈ ƋƆ ƗƆƏ ÎÎÎThe indefinite nationwide strike Ï ó01ô ƍƍƏ ƅ Ɛ Ɛ ƅƊƋƈ ƍƏ ƄƋƆƌ ƌƈƏƊ Ƈ ƅƋƑƆƋƆ Ɔ ô by the Nigerian Labour ConÏ 01 Ɠ Ə Ƌ Ƅ ƑƏ ƈ Ɛ ƇƋ ƑƐƈ ƅ ƑƏƐ ƏƗƆƏè ƕ Mƈ ƆƏƈ ƈ ƄƏ ƊƆ called gress (NLC) to protest fuel price hike announced by the Federal Government Ï n ƈ Ɨƈ ƏƑƍƐ ƅƐƈƒƈƐƈƆ Ɛ G ƈƏƍ ƏƐè Ɛ ƏƆ ƐƆ ƑƐƗ Ɠ

^ƏƆ ƈƗƆ Ɛè Mƈ ƆƏƈ G Ƅ ƑƏ ƏƆ æMG çè ƌƏ ƗƆ ƕƑƄ z ƄƄ æƣƐ ƋƆƇƐç Ɨ Ɛ ƆƏ ƗƑƏƈ Ɛ Ɔ ƍƏ ƐƆ Ɛ ƈƊƆ ƈ ƇƑƆƋ ƍƏƈƅƆ ƈ ƄƑƉ êêê zƆƗ Ɔ Ɨ ƕê

NCC warns mobile network operators over unsolicited messages to consumersgB1

With the likes of Fayose in PDP, party is irredeemable – PDP chieftain

g8

Metuh was paid from Jonathan’s N21bn g12 campaign funds – Okupe

took off on a shaky note on Wednesday with partial compliance recorded in most of the 36 states of the federation and the Federal Capital Territory, Abuja, and no compliance in a few states.

Continued on page 12

Photo: TEMITOPE BALOGUN

Jaywon

It’s hard gL1 for me to quit music

Boko Haram: Troops rescue one of Chibok girls, arrest ‘husband’g28

2

Daily Times Nigeria Thursday, May 19, 2016

F id e li ty B r id g e A c c

ount

RC 103022

Daily Times Nigeria Thursday, May 19, 2016

Page Three Æ s

3

PHOTO TIMES

Editorial Education and the northern elite

E

ducation is described as the greatest legacy a society can bequeath to its citizens. Human civilisation would not have attained such dizzying heights today without the benefits of education. For example, education does not only liberate individuals from shackles of ignorance and superstition, it empowers them to challenge long held orthodoxies with a view of giving reign to freedom of thought and action.

There is no gainsaying that the gap existing between the developed and developing countries is a function of qualitative education. While the developed countries have succeeded in making education an inalienable right of the citizens, in the Third World, people still see it as privilege of a few. Even within societies, educational gaps still exist. Unfortunately, such situation is responsible for the lopsided nature of developments and the deleterious consequences for the polity. Sadly, Nigeria remains one of the most educationally unequal societies in the world. This sad situation is being accentuated by the increasing gap between the North and South.

Recent statistics by the United Nations Children Fund (UNICEF) shows that Nigeria has more than 10 million out-of –school children. According to the agency, more than 65 percent of these live in the Muslim north. For long, western education in that part of the country has been viewed with suspicion and even utter disdain. Rather, a culture that encourages the Almajiri syndrome has been allowed to flourish over the decades. These children are a common sight in many northern states.

In the end, the bulk of them are left

to fester at the margins of society throughout their lives for no fault of theirs. Most of the children recruited by Boko Haram insurgents are known to belong to this group.

Matters are not helped by the fact that tertiary education in the South has been expanding at an exponential rate because of private sector intervention. Gone are the days when governments had the monopoly of establishing universities and polytechnics. Today, many private universities are springing up in the South to avail those qualified the chance of gaining admission and pursuing their educational careers. The consequence is that few states in the South have been producing far more university graduates than the entire geopolitical North put together. This does not bode well for the country.

For the country to develop and be accorded its pride of place among comity of nations, the authorities must place high emphasis on education among all strata and sections of the society in order to liberate most of the citizens from the warped notion of getting privileged positions because of ethnicity or religion, rather than what positive contributions you make to society.

The northern elite must therefore step in to stem the dwindling fortunes of education in the region.

For long, governments in the region have been responsible for the few tertiary institutions there. That has posed handicaps to those seeking higher education. That is why we commend the efforts of former Vice President, Alhaji Atiku Abubakar and former military President, General Ibrahim Babangida for establishing private universities in the North. We call on others to emulate their example.

Daily/ Online Editor Biodun Durojaiye Deputy Editor/Southern Bureau Chief Sam Nzeh Ag Deputy Editor/ Northern Bureau Chief Lateef Ibrahim

Group News Editor Segun Adio

Group Managing Director Noel Anosike

Politics Editor Akintola Akinjide

Commercial and Business Development Manager David Morisade Adeagbo 09086207410

Asst. Business Dev. Manager Yetunde Oyelude 08033600907 Group Head Commercial & Marketing Konnie Agu 09033765031

Dep. Commercial and Business Dev. Manager Ifeanyi Emefu 08086296714

Group Head Business & Special Project Christelle Mande 08088144613

Dep. Business Dev. Manager Bello Ganiyu 08037272933

Adverts/Partnerships/ Corporate Subscription 09033765031

Head, Graphics/Design King Ododoru Technical Adviser To Publisher Innocent Nwankwo

Laureta Airamoehi 08028554956

More info: www.dailytimes.ng https://plus.google.com/+DailytimesNgr/posts https://twitter.com/DailyTimesNGR

PHOTO: BOLAJI OLASUNKANMI.

R-L: Chairman, Nigerian Breweries Plc, Chief Kola Jamodu; MD/CEO, Nigerian Breweries Plc (NBP), Mr. Nicolaas Vervelde and Kaduna State Governor, Mallam Nasir Ahmad el-Rufai and Kaduna Breweries Manager, Nigerian Breweries Plc, Mr. Bolu Obawole during a courtesy visit by NBP to el-Rufai at the Kaduna State Government House, Kaduna… on Wednesday.

Kate Osamor, MP. Representing Edmonton, Chair, All Party Parliamentary Group and Shadow Minister Women and Equalities of UK Parliament (left), receiving a copy of the Diaspora magazine from, SSA to the President on Foreign Affairs and Diaspora, Hon. Abike Dabiri-Erewa at the UK Parliament where Erewa was a guest at the House of Commons… recently.

Words On Marble :

Publisher/Editor in Chief – Fidelis Anosike Group General Manager Olisa Egbunike 08034004224

L-R: Head, Media and External Relations, First Bank Plc, Mr. Babatunde Lasaki; Publisher, Daily Times Newspapers (DTN), Mr. Fidelis Anosike; Group General Manger, DTN, Mr. Olisa Egbunike; Head Sponsorship and Events, First Bank Plc, Bridget Oyefeso; Editor, DTN, Mr. Biodun Durojaiye; Commercial and Business Development Manager, DTN, Mr. David Morisade Adeagbo and others during the courtesy visit of the bank to the Daily Times office at Agidingbi, Ikeja, Lagos… on Wednesday.

dailytimesng www.facebook.com/dailytimesngr

STATEMENTS BY THOSE WHO MATTER

Mike Ozekhome

Wole Soyinka

Shehu Sani

“Democracy is not a 100 meters Usain Bolt or Ben Johnson’s quick dash race.”

“No one is rich enough to buy yesterday but if you hustle hard tomorrow could be yours”.

“For the young, life is an opportunity; for the old life is a journey.”

4

Daily Times Nigeria Thursday, May 19, 2016

Daily Times Nigeria Thursday, May 19, 2016

5

CENTRAL BANK OF NIGERIA

Communiqué No. 106 of the Monetary Policy Committee Meeting of Monday and Tuesday, March 21 and 22, 2016 The Monetary Policy Committee met on 21st and 22nd March 2016 amidst uncertain global economic prospects and continuing challenges in the domestic economy. In attendance were 8 out of the 12 members. The Committee appraised the international and domestic economic and financial environments in the first two months of 2016 as well as the outlook for the rest of the year.

International Economic Developments The Committee noted with concern the further decline in global output at the end of 2015, which grew at 2.3 per cent, yearon-year in Q4, its slowest in three years, representing a 0.3 percentage point decline compared with 2.6 per cent in Q3. This deceleration stemmed from the continuous slowdown of growth in the emerging market economies, worsened by deteriorating conditions in the Euro area and China as well as key emerging market economies. Other factors include sustained pressure in global financial markets arising from US monetary policy normalization, depressed global oil market and persistently weakened global aggregate demand.

The slowdown in growth in the United States to 1.0 per cent in Q4 from 2.0 per cent in Q3 was attributed to slowdown in private consumption expenditure (PCE) and non-residential fixed investments. In Japan, output declined by 1.4 percentage points in Q4, 2015 in contrast to the 1.3 per cent growth recorded in Q3. The Bank of Japan’s monthly asset purchase program of ¥6.7 trillion ($56.71 billion) remains substantially sub-optimal, as the economy continues to lurch between contraction and expansion, with the adoption of a negative interest rate policy in January 2016.

In the Euro area, GDP grew by 1.5 per cent in Q4 of 2015, and projected to grow at 1.7 per cent in 2016. The European Central Bank (ECB), at its meeting on 10th of March, 2016 eased monetary policy by further reducing its refinancing rate to 0.0 per cent and deposit rate to -0.4 per cent. The Bank also expanded its monthly asset purchase program from €60 billion ($65.4 billion) to €80 billion ($87.2 billion) to further stimulate output growth and move inflation towards its long term objective of 2.0 per cent.

On the other hand, the Bank of England (BoE) sustained its stock of assets purchase, financed through the issuance of reserves at N375 billion ($536.25 billion), while retaining its policy rate at 0.5 per cent. The BoE further committed to investing N8.4 billion ($12.01 billion) of cash flows associated with redemption of the January 2016 government securities held in the Asset Purchase Facility, with a commitment to bring inflation closer to the 2.0 per cent target, reducing unemployment and promoting growth.

Uncertainties and geo-political tensions in the Middle East, including a negotiated ceasefire agreement in Syria and Iran’s reentry into mainstream international oil market may have further redefined conditions in the oil market. The market witnessed some uptick in prices following the resolve of the Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC members to pursue a higher anchor price, coupled with smaller-than-anticipated build-up in stocks at the Cushing Oklahoma delivery hub for United States crude futures.

The Emerging markets and developing economies (EMDEs) were forecast to grow at 4.3 per cent in 2016, an improvement over the 4.0 per cent recorded in 2015. However, external and domestic challenges have persisted, stemming from low commodity prices, troubled financial markets, tepid global demand, policy uncertainty as well as continuously feeble growth in global trade.

In addition, weaknesses in major emerging market economies, diminished capital inflows, rising borrowing costs and geopolitical factors have been identified as possible deterrents to growth in the EMDEs. In the environment of suppressed inflation, slow growth, weak global demand and volatile financial markets, the stance of monetary policy in the advanced economies is expected to remain accommodative in 2016, while in the EMDEs, it is expected to be underpinned by currency adjustments and other complementary policies.

Domestic Economic and Financial Developments Output The Bank had adopted accommodative monetary policy since July 2015 in the hope of addressing growth concerns in the economy, effectively freeing up more funds for DMBs by lowering both CRR and MPR, with excess liquidity arising from the lower CRR warehoused at the CBN. DMBs were to access these funds by submitting verifiable investment proposals in the real sector of the economy. The funds have not impacted the market yet because the CBN was still processing some of the proposals submitted by the DMBs. In the first episode of easing which resulted in injecting liquidity into the Banking system, DMBs did not grant credit as envisaged. Moreover, the delay in passage of the 2016 Budget has further accentuated the difficult financial condition of economic agents as output continues to decline due to low investment arising from weak demand. The cautious approach to lending by the banking system underpinned by a strict regulatory regime conditioned by the Basel Committee in the post global financial crisis era has further alienated investors from access to credit as banks prefer to build liquidity profiles in anticipation of government borrowing.

In the light of these developments, domestic output growth in 2015 remained subdued as reported by the National Bureau of Statistics (NBS). Consequently, real GDP grew by 2.11 per cent in the last quarter of 2015, more than half a percentage point lower than the 2.84 per cent recorded in the third quarter and 3.83 percentage points in the corresponding period of 2014. Overall, growth in 2015 was estimated at 2.79 per cent, compared with 6.22 per cent in 2014. The major impetus for growth continued to come from the non-oil sector which grew by 3.14 per cent in Q4, 2015 compared with 3.05 per cent in the preceding quarter.

The key drivers of growth in the non-oil sector were Services, Agriculture and Trade; contributing 1.23, 0.83 and 0.76 percentage points, respectively.

The Committee noted that the sluggish growth in output was directly attributable to certain fiscal uncertainties, which inadvertently hampered movement of labor and goods; fuel scarcity, increased energy tariffs, foreign exchange scarcity as well as slow growth in credit to private sector in preference to high credit growth to the public sector. The Committee noted that many of these factors were outside the control of monetary policy and given these limitations, in the absence of complementary fiscal and structural policies, the only option was to continue with the existing measures. The MPC believes that complementary fiscal and structural policies are essential for reinvigorating growth.

Prices The Committee noted the increase in year-on-year headline inflation to 11.38 per cent in February 2016, from 9.62 per cent in January and 9.55 per cent in December, 2015. The increase in headline inflation in February reflected increases in both food and

1

core components of inflation. Core inflation rose sharply for the first time to 11.00 per cent from 8.80 per cent in January after a lull of three consecutive months at 8.70 per cent through December, 2015. Food inflation also inched up to 11.35 per cent from 10.64 per cent in January and 10.59 per cent in December, 2015. The rising inflationary pressure was traced to the lingering scarcity of refined petroleum products, exchange rate pass through from imported goods, seasonal factors and increase in electricity tariff. The Committee noted that the factors responsible for rising inflation were more structural in nature than monetary, but reaffirmed its commitment to monitor the developments closely and to work with the relevant authorities to address the underlying drivers of the upward price movements.

Monetary, Credit and Financial Markets Developments Broad money supply (M2) grew by 2.29 per cent in February, 2016 in contrast to 1.69 and 0.25 per cent in January 2016 and February 2015, respectively. When annualized, M2 grew by 13.74 per cent in February 2016 against the provisional growth benchmark of 10.98 per cent for 2016. Net domestic credit (NDC) grew by 3.71 per cent in the same period, annualized, at 22.26 per cent. At this rate, the growth rate of NDC was below the provisional benchmark of 17.94 per cent for 2016. Credit to the private sector grew by 1.45 per cent in February 2016, which annualized to a growth of 8.70 per cent, below the benchmark growth of 13.28 per cent. The Committee noted with concern, the dismal performance of growth in credit to the private sector, noting that even at that, credit went primarily to low employment elasticity sectors of the economy. This had a significant negative impact on output growth.

Money market interest rates reflected the liquidity situation in the banking system. Average inter-bank call and OBB rates, which stood at 0.5 and 2.77 per cent on 25 January 2016, closed at 4.00 and 5.00 per cent, respectively, on March 9, 2016. Between January 25th and end-February 2015, interbank call and OBB rates averaged 1.43 and 2.68 per cent, respectively. This was traced to liquidity surfeit in the banking system. The deposit money banks were, however, reluctant to grant new credit because of rising non-performing loans (NPLs), mainly in the oil sector, amongst other reasons.

The Committee also noted the slight improvement in the equities segment of the capital market during the review period. The All-Share Index (ASI) rose by 8.1 per cent from 23,916.15 on January 29, 2016 to 25,853.58 on March 14, 2016. Similarly, Market Capitalization (MC) rose by 8.02 per cent from N8.23 trillion to N8.89 trillion during the same period. However, relative to endDecember 2015, the indices declined by 9.73 per cent and 9.74 per cent, respectively.

External Sector Developments The average naira exchange rate remained stable at the inter-bank segment of the foreign exchange market during the review period. The exchange rate at the interbank market opened at N197.00/US$ and closed at N197.00/US$, with a daily average of N196.99/US$ between January 25 and March 14, 2016. The Committee reiterated its commitment to maintaining a stable naira exchange rate. The MPC took note of the level of activity in the autonomous foreign exchange market as well as the rising demand in the interbank market but observed that the data on demand for foreign exchange, was being overshadowed by speculative demand. However, the Committee charged the Bank to speed up reforms of the foreign exchange market to improve certainty and eliminate noise and opportunities for arbitrage.

The Committee’s Considerations The Committee noted the weakening macroeconomic environment, reflected particularly in foreign exchange shortages, slowing GDP growth rate and rising inflation. Overall economic growth slowed significantly in 2015, particularly in Q4. Apparently, the conditions responsible for the slowdown – uncertainty around fiscal policy, adverse external environment, security challenges in some parts of the country affecting production and distribution of agricultural produce, low electricity supply, fuel shortages, and sluggish growth in credit to the private sector – have continued in the first quarter of 2016.

On the monetary side, contrary to the notion of liquidity overhang in the financial system, the wider economy appears starved of the needed liquidity to spur growth and employment. Recent performance of the monetary aggregates lends credence to this fact. With the exception of credit to government, growth in all the monetary aggregates remained largely below their indicative benchmarks, yet; headline inflation spiked to 11.38 per cent in February 2016, substantially breaching the policy reference band of 6 - 9 per cent. Apart from liquidity, the increase in inflation was driven by structural factors such as fuel scarcity, increased electricity tariff, persistent insecurity, exchange rate pass through and seasonality of agricultural produce. The conflicting signals from slowing growth and rising inflation present a difficult policy challenge. Though mindful of the limitations of monetary policy in influencing the drivers of the current price spiral, the Committee stressed the need to urgently address the key sources of the pressures. In this regard, the Committee reaffirmed its commitment to closely monitor the development while encouraging relevant authorities to address the structural bottlenecks.

From the monetary data, the Committee noted that the excess liquidity in the banking system was contributing to the current pressure in the foreign exchange market with a strong pass-through to consumer prices. The Committee further noted that previous efforts to reflate the economy in order to spur growth did not elicit the required response from DMBs, hence; the surfeit of liquidity in the interbank market. Obviously, the attendant low rates at that market have not transmitted to the term structure of interest rates. Concerned about the need for low interest rates to support growth and employment, the Committee urged the CBN to explore innovative ways of ensuring the unhindered flow of credit at low cost to key growth sectors even as monetary policy has to, under the circumstance, address the liquidity surfeit in the banking system as well as the pressure on exchange rate and consumer prices. The Committee hopes that fiscal and other structural policies would soon be deployed to strengthen the overall response of macroeconomic policy to the shocks.

The Committee was also concerned that with headline inflation at 11.38 per cent, noting that the policy rate had become negative in real terms. This development has the potential of keeping both foreign and domestic investments on hold. As part of measures to address the supply constraint in the foreign exchange market, yields on domestic instruments have to be competitive to attract the much needed foreign inflows. On the administrative side, this will have to be complemented by a comprehensive reform of the foreign exchange market which is currently being undertaken. For the avoidance of doubt, the Bank would continue to allow domiciliary account holders unfettered access to funds in their accounts.

The Committee also urged speedy passage of the 2016 Budget in order to halt the depressing effect of the uncertainty that engulfs

6

Daily Times Nigeria Thursday, May 19, 2016

the waiting period, hoping that the implementation of the budget would go a long way in boosting business confidence, and reinvigorating the financial markets. In the circumstance, the Committee urged the Bank to continue to upscale its surveillance of the financial system with the aim of promptly detecting and managing vulnerabilities to ensure sustained stability.

Finally, the Committee remains committed to price stability across the range of consumer prices, exchange rate and interest rate, which is fundamental to reviving economic growth and employment generation. In the meantime, the Bank would continue to leverage its development finance policy to support critical sectors of the economy. The MPC also stressed the need to sustain, deepen and speed up reforms designed to ensure focused coordination of monetary and fiscal policies.

The Committee’s Decisions The Committee, in its assessment of relevant internal and external indices, came to the conclusion that the balance of risks is tilted against price stability. The MPC therefore, voted to tighten the stance of monetary policy. One member voted to retain the CRR at 20.00 per cent while another member voted to retain the current width of the asymmetric corridor.

In summary, the MPC voted to: I. Raise MPR by 100 basis points from 11.00 per cent to 12.00 per cent; II. Raise CRR by 250 basis points from 20.00 to 22.50 per cent; III. Retain Liquidity Ratio at 30.00 per cent; and IV. Narrow the asymmetric corridor from +200 and -700 basis points to +200 and -500 basis points Thank you for listening.

Godwin I. Emefiele

Governor, Central Bank of Nigeria 22nd March 2016.

PERSONAL STATEMENT BY THE MONETARY POLICY COMMITTEE MEMBERS 1.0 ADELABU, ADEBAYO

The challenges in both the domestic and global macroeconomic environments since the latter half of 2014 appear somehow intensified. The global economic landscape is grappling with slow recovery with global growth projected at 3.0 per cent in 2016, a somewhat flat trend relative to 2015. Perhaps, more disturbing is the medium to long term outlooks for key emerging and developing economies where growth prospect is confronted by three significant headwinds. The first one is the lingering slowdown of economic activities in China in which the likelihood of quick bottom out remains low given the complication introduced by the ongoing rebalancing model. A sharper than expected slowdown in countries like China would not only weigh down on growth prospects of other developing and emerging economies but for Nigeria in particular it would aggravate the weakness in external demand for export, worsening the current account deficit which reared its ugly head at end-December 2014.

Another headwind is the persisting lower energy and other primary commodities prices. It is a little bit comforting that a rally was observed in the price of crude oil in the last one week with the price of Brent inching to about US$41/barrel but I would apply some caution in building projections around this new price. This is because the rally was not driven by fundamentals but by mere speculation of likely cut in production by OPEC members at their next meeting in April. Persistent softness in energy prices would directly impinge on at least two macroeconomic accounts. The first is the current account component of the balance of payment with potential implication on external reserves. The other area is the fiscal account as the odd of fiscal revenue under-running its target becomes elevated. The implication is either under-implementation of the budget or heightening of fiscal deficit with the attendant worsening of the fragile condition of public debt.

The last headwind from the global environment is the ongoing tightening of the monetary policy stance by the US Federal Reserves (Fed). Further tightening of monetary policy by the US Federal Reserves in the face of monetary stimulus by the European Central Bank (ECB) would widen the diverging stance of monetary policy between the two blocs, heightening volatilities in the global financial markets. Given that the tightening process of the Fed would further strengthen the dollars, the cumulative effect is elevated risk level for financial markets in developing economies and consequent acceleration of capital outflow.

The risk elements in the domestic environment are not in any way less pronounced. Firstly, inflation is above the single digit threshold of the Bank with the pressure emanating from both the core and food components. Growth is tepid as overall output growth at 2.79 per cent in 2015 was significantly lower than 6.22 per cent recorded in 2014. Another worrisome dimension on growth is the challenge with some important subsectors of the GDP. The industrial sector, with the greatest employment generating potential, contracted by 0.7 per cent in 2015, thus, it is not much of surprise that unemployment rate commenced an upward trend in the third quarter 2015. The challenge of banking system liquidity is yet unabated while the seemly perennial pressure in the foreign exchange market appears intensified as external reserves recorded a mild negative growth between end-December 2015 and March 18, 2016.

In the light of these multidimensional challenges, what is the logical way forward for monetary policy? As I have always pointed out, a careful diagnosis of the challenges revealed that monetary factors could have played some roles but the dominant factors are structural in nature. Take the issue of headline inflation for instance, the only monetary factor that could have played some role is exchange rate depreciation as other factors like growth in monetary aggregates, which could fuel aggregate demand, remained suppressed during the period. Analysis of inflation dynamics revealed that food and nonalcoholic beverages which have the highest weight in headline inflation (about 51 per cent), increased by 0.37 percentage point on year-on year basis in February 2016. Farm produce, which is an important component of food inflation, also increased by 39 percentage points during the same period. Given the significant weight of these items on inflation, any enduring effort to curtail headline inflation must of necessity tame rising risks in these areas. Some prominent factors that drive price level in these sectors are seasonality in agricultural produce, higher cost of energy, and recurring fuel scarcity. The point here is that monetary policy response alone would not be sufficient to address the current underlying rising risk to price level but in view of the fact that some forms of monetary factor is at play, I may be cautiously disposed to a modest upward adjustment in the Monetary Policy Rate. With this in mind, continuous efforts should be made to fast track fiscal and structural policies that would address the inherent bottlenecks in production process.

Another key issue is the liquidity surfeit which I would not want to treat in isolation. I would, as always, like to consider it within the context of overall macroeconomic objectives which are output growth and employment. One of the key disadvantages of excess banking system liquidity is the tendency to filter into inflation through the channel of excessive aggregate demand.

Available statistics is indicative that this has not happened so far because broad money only grew by 2.29 percent at end February 2016, translating to annualized growth rate of 13.74 per cent. The major challenge with the current liquidity surfeit is that it is not translating to improve private sector credit as anticipated when we commenced monetary easing in the second half of 2015. It is equally feared that this might eventually drive pressure in the foreign exchange market, thus a need for sterilization. My position is that we should not derail from the overall goal of monetary policy on account of some teething issues that could be handled administratively. As I pointed out earlier, growth is not only softening but contraction is taking place in key sectors like industrial sectors. If growth must be enhanced, banks must lend, and if banks must lend, liquidity must be available. From this perspective, I am of the view that concerted efforts should be put in place by all stakeholders including Bankers Committee on effective and efficient means of utilizing excess banking system liquidity in the real sector of the economy instead of sterilizing it through higher CRR. In the light of the foregoing, I would like to propose that the MPR be increased by 100 basis points to 12 percent while the CRR be retained at 20 per cent. The asymmetry corridor around the MPR could be adjusted from +2/-7 per cent to +2/-5 per cent.

2

2.0 ALADE, SARAH O. Headline inflation accelerated to 11.38 percent in February from 9.62 percent recorded in January, the highest since December 2012. Projected growth for 2016 has been further downgraded from over 4 percent to 2.3 percent according to the IMF Article IV report. On the global scene, weak economic activities in China and Euro area and geopolitical tension pose great challenge to growth in 2016. The United States is showing strong signs of recovery on the back of stronger consumer spending and improved unemployment figures. However, in the emerging market economies, lower commodity prices and sluggish growth in the economies of trading partners are affecting growth. These developments suggest that monetary policy should remain balanced and cautious in managing both domestic and global events in the face of inflationary pressure; therefore I will support an increase in Monetary Policy Rate and Cash Reserve Requirement to counter adverse external shocks to the economy and contain inflationary pressure.

Headline inflation edged up to 11.38 percent in February reflecting a combination of limited foreign exchange supply and seasonal effect as all categories of prices increased during the period. Headline inflation edged up to 11.38 percent in February 2016, from 9.62 percent recorded in January. Core inflation increased to 11.04 percent from 8.84 percent recorded in January, while food inflation rose to 11.35 percent from 10.64 percent in the previous month. This is attributable to the pass-through effect exchange rate, higher transportation cost as a result of inadequate fuel supply and seasonal effect. The current level of inflation is above the indicative target of between 6 to 9 percent set by the Central Bank and the single digit rate set for the ECOWAS monetary zone. The sudden upsurge in inflation will need to be monitored to ensure that inflationary pressure is contained, as staff projection suggests a further increase in the coming months, before moderating towards the end of the year. Therefore, in the short to medium term inflationary pressure is a major concern and monetary policy must respond appropriately.

Gross Domestic Product (GDP) growth is slowing on the back of lower international oil price and lower government revenue. The unabated decline in oil price and the negative impact on government revenue poses downside risk for domestic GDP growth in 2016 as growth has been sluggish. This is because revenue measures to mitigate the negative impact of oil price decline will include high borrowing which may impact on some growth-enhancing capital expenditures and austerity measures, including increase in tax rate and broadening of the tax base. These developments suggest that both global events and domestic risks pose huge challenge to growth in the coming months. Policies should be mindful of the impact of the fallout of decline in government revenue on growth and therefore, efforts at economic diversification should be intensified and judicious use of available resources made a priority to minimize waste.

Foreign exchange scarcity is affecting economic activities and impacting growth. While the Central Bank is making all efforts to meet all legitimate foreign exchange demand, reduced inflow is making foreign exchange scarce.. It is important for the Bank to implement policies that will encourage inflows and increase supply of foreign exchange to meet import demand and reduce Current Account Deficit (CAD) which has been widening. The lack of liquidity in the interbank market is fueling capital outflow and currency weaknesses outside the interbank market. These developments are having a dampening effect on growth. Under these uncertain conditions, monetary policy should be focused at restoring confidence in the domestic economy, increasing supply of foreign exchange, accretion to reserve and making all efforts to bring inflation to the target level.

Against this background, I vote for a change in Monetary Policy Rate from 11 percent to 12 percent, increase in Private Sector Cash Reserve Requirement (CRR) to 22.5 percent, to address the increase in inflation rate.

3.0 BALAMI, DAHIRU HASSAN Growth: The second MPC meeting for year 2016 is coming at a time when the global economy is facing a number of headwinds which includes; continued fall in crude oil and other commodity prices, weak response to stimulus and deflation in Europe, slow economic growth in China as well as declining import and export figures. In the same vain, economic growth in Europe is expected to inch up to 1.7% in 2016. The tepid growth in the global economy would continue to weaken demand for crude oil which will negatively affect Nigeria’s fiscal position, budgetary revenue and ability to execute the 2016 Federal budget and also affect the accretion to foreign reserves. Furthermore the normalization of the U.S economy and expected hike in US interest rate which also has implications on the Nigerian economy. With Nigeria being an import dependent economy, a hike in the US Fed rate implies further pressure on the Naira, while a weaker Naira and stronger dollar will lead to higher inflation in Nigeria; and this will also fuel capital outflows as investors would want to take advantage of the U.S interest rate hike. The divergence of monetary policy between the U.S.A and other developed and emerging economies will present a problem to the Nigerian economy e.g. higher interest in the U.S and lower rate in Europe. The general implication of the slowdown in growth will mean less aid for the rebuilding of the Northeast part of Nigeria that has been devastated by the Boko Haram insurgency.

Though reconstruction has commenced, it is estimated to gulp more than N1.3 trillion in order to meet with the socio economic demand of the people of the affected region. Hence, Boko Haram insurgency should be treated as a global phenomenon. Thus requiring synergy within and between countries.

At the domestic level the economy is currently heading towards stagflation. This is evidenced in declining growth with unemployment and inflation itching up. The headwinds affecting the domestic economy include the external macroeconomic imbalances highlighted earlier. In my earlier statement, I had argued that Nigeria should seriously promote growth rather than attacking inflation because of its own medium and long-term effects on the economy. Growth could be encouraged through targeted diversification of the economy using sectors like agriculture, solid mineral, education and industrialization. Nigeria has comparative advantage in the sectors. The identified sectors can be used as major growth drivers of the economy. However, it should be noted that development banking will be critical in this pursuit. The issue of the fiscal side is also of paramount importance.

Prices: The global inflation rate is likely to remain subdued as a result of weak demand and negative output gaps. The global consumer prices estimated for 2016 is expected to be as high as 6.9% for sub-Saharan Africa and 1.1% for advanced economies, while emerging and developing countries will witness 5-6% increase in consumer prices. The headline inflation in Nigeria rose from a single digit figure of 9.0% and 9.6% in December 2015 and January 2016 respectively to double digit figure of 11.4 % in February 2016 while unemployment rate stood at about 9.9 % during this period and forecasted to increase further as the implementation of 2016 budget starts.

The rise in Nigerian inflation has been attributed to several factors among which are rising food prices, hike in electricity charges, declining power generation and insufficient distribution system as well as rising prices of imported commodities given that Nigeria is an import dependent economy. In addition, lack of urgency in the move towards diversification of the economy despite the collapse of the oil prices, and lack of market friendly return to attract private sector capital in real sector of the economy. It is also envisaged that when the budget is finally approved in March the inflationary trend is likely to rise in the short run. What policy option can be put in place to tackle the problems of inflation? To my mind the shift from the consumption of foreign to locally made goods should be sustained while provision of infrastructural facilities that will encourage and raise the level of production should be improved.

External Reserve: The external Reserve rose from $27.50 billion to $27.78 billion in January and February respectively and later declined to $27.43 billion on 16th March 27, 2016 which represents a drop of 3.04% relative to the balance of $28.29 billion recorded in December 2015. The decline in revenue was attributed to fall in non-oil revenue compared to the previous month before March 2016. It is my opinion that with fall in oil price the revenue can be boosted by concentrating and boosting the growth of the non-oil sector through effective and efficient diversification of the economy as highlighted earlier. It should be noted that external reserve has been drawn to support the naira, payment for school fees abroad and Basic Travel Allowance (BTA). But again on the fiscal side, what are our authorities doing with the educational institutions, health, power, and importation of simple equipments in order to add to its demand side.

Daily Times Nigeria Thursday, May 19, 2016

The Banking Stability: The stress test conducted on the Nigerian Deposit Money Banks (DMBs) in terms of Capital Adequacy Ratio (CAR), Non-Performing Loans (NPLs) and Liquidity Ratios (LR) as well as the Return On Equity (ROE) and Return On Assets (ROA) revealed mixed results, but were generally sound and favorable relative to the prudential requirement. As at Feb 2016, the CAR stands at 16.55% above the prudential requirement of 10-15% mark for banks with national and international authorization. Similarly, during the same period under review the NPLs and Liquidity ratios were above the Maximum 5% and Minimum 30% prudential. While both ROE and ROA marginally declined from 18.09 and 2.28 ratios in February 2016, respectively. However, the banking sector is susceptible to vulnerabilities particularly that of NPLs due to their exposure to the oil companies as well as dollar loans. There should be need for improvement of the efficiency and effectiveness in the allocation of credit, foreign exchange and securities, and strengthening of the transmission mechanism of the monetary policy as well as reducing the structural vulnerability of the Nigerian economy. This can be achieved by understanding the system very well using appropriate data, policy and strategy to implement the proposed policies.

Exchange Rates: On the exchange rate, the official rate has been stable while the parallel market has fluctuated from N300-N315 as at 23rd March 27, 2015. A lot has been done on the demand side of foreign exchange; however, there is need to look at the supply side. Here we have to prepare adequately to get the relevant data and analysis. The gap between the official and parallel market is a source of concern because for rational economic agents it encourages round tripping which is very devastating to the economy. The level of liquidity, growth, exchange rate and inflationary trend suggest that some policy changes be put in place to deal with some of the challenges affecting the economy on the monetary side. The current situation requires tightening.

On the basis of the analysis made above, I vote in support of i.

Raising CRR from 20% to 22.5% ii.

Raising the MPR from 11% to 12% iii.

Retaining the Liquidity ratio at 30% iv.

To adjust the asymmetric corridor from +2/-700point basis to +2/-500 point basis In conclusion, The November MPC Policies and the hold that took place in January did not produce the required result in terms of effective control of the level of liquidity in the economy. Monetary authorities have to keep an eye on growth and respond to policies affecting it appropriately.

4.0 BARAU, SULEIMAN Background My vote at this meeting is largely informed by the fact that enduring growth is only feasible within the context of stable macroeconomic environment, thus the issues of rising inflation and excess liquidity deserve urgent response in order for monetary policy to remain on track. I also subscribe to a compelling need for robust fiscal and structural policies given that monetary policy alone cannot deal with these and related issues.

The risk matrix in both the global and domestic macroeconomic environments appears relatively elevated since the beginning of the current fiscal year. The tepid global growth that characterized fiscal 2015 is equally being envisaged in 2016 while pockets of financial market volatility are quite discernible. In line with the trend since mid-2014, commodity prices particularly crude oil prices have not been faring well. Although a little bit of rally is currently being observed in the global crude oil prices against the backdrop of likely freeze in output by OPEC members, the sustainability of the observed gains should be treated with guarded optimism given Iran’s position to pump more oil in their bid to recover lost market share.

As expected, the vulnerability of the domestic economy to the external environment suggests that key domestic macroeconomic indicators should show less than satisfactory outcomes. Inflation has burst the single digit threshold of the Bank while output growth continues with its lackluster performance since end 2014. Evidence of slowdown abound in the financial system particularly in the capital market though the banking system remains resilient despite the issues of rising NPLs, persistent liquidity surfeit, and excessive demand pressure in the foreign exchange market.

The critical issues confronting us remain the need to stem the rising inflationary trend, curtail liquidity surfeit in the banking system, moderate pressure in the foreign exchange markets and possibly provide some leverage to jump start growth. My candid view is that monetary policy alone cannot deliver satisfactory outcomes on all of these variables, hence the need for fiscal and strong structural policies to complement the actions of monetary authority that we have continued argued for.

Developments/Pressure Points Global Environment Lingering Softness in Global Recovery: Recent data and statistics reveal that the weakness in global growth which became pronounced in 2015 is far from being over. The interim global growth for 2016 at 3.0 per cent is suggestive of flat trend relative to 2015, which was not only below the long run average but equally the slowest pace in the last five years. It is a matter of serious concern that the post crisis recovery in the US is becoming susceptible to setback on account of strengthening dollar and low investment in mining. Perhaps, more worrisome is the diminishing growth prospects for key emerging economies. For instance, the current recession in Brazil could be prolonged and more intense than anticipated on account of ongoing political uncertainty while the contraction in Russia is being intensified by continuous slide in crude oil price. In China, managing the rebalancing process constitutes a daunting challenge to growth while flood is threatening the growth projection for India.

These developments have far reaching implications on the domestic economy. Notably, the recent rally in the price of crude oil notwithstanding, medium term developments in the price of the commodity may remain insufficiently positive to lift the country out of trade imbalance trajectory. Secondly, the country’s ability to diversify the economic base with a view to ameliorating the dwindling fortune from crude oil may also suffer severe setback as major emerging and advanced economies remain weak. Available statistics indicate that the country’s non-oil exports declined by 58 per cent at end-December 2015 as global trade remained largely subdued owing to cut-back on imports by countries like China and other emerging economies.

Resurgence of Volatility in Global Financial Markets: Unfolding developments since the beginning of the year are suggestive of renewed wave of volatility in the global financial markets. Going by the last meeting of the Federal Reserve System of the US, the frequency of rate hike this year may be lower than earlier anticipated but the ongoing divergence of monetary policy stance between the euro area and the US would continue to fuel upside risk to market volatility. In addition, uncertainties around Renminbi exchange rate is a potential spillover of volatility to global financial markets particularly in emerging and advanced economies. Indeed available data has shown that European banks equity prices have fallen by about 20 per cent since the beginning of the year while global equities shed significant weight in the months of January and February with Morgan Stanley Capital International (MSCI) World Index plummeting by almost 10 per cent.

These developments could trigger new round of capital outflow in the domestic financial markets, heightening pressure as well as renewed wave of volatility in the naira exchange rate. It could be expected that the overall impact of these risks on the banking system may not be as severe as in the previous episode of global financial instability on account of improved macroprudential buffer but the spillover should be expected to adversely impinge on the current faltered growth trajectory. This could be further compounded by the intensification of imbalances in the external sector due to rising deficit on the current account.

Domestic Environment A number of issues would continue to pose upside risks in the domestic economy and these include: Rising Inflationary Pressure: Headline inflation, at 11.38 per cent in February 2016, has crossed the single digit threshold of the Bank. The inflation dynamic is a little bit complicated given that the pressure is from both food and core components. An assessment of the upside risks is suggestive that the inflation level may remain elevated over the medium term. Among others, the exchange rate risk is prominent as economic agents begin to adjust price level in line with developments in the parallel markets even when they source foreign exchange from the interbank window. To me, the initial price adjustment is not much of an issue as this headwind would eventually ease but the more knotty issue is the self-reinforcing impetus to inflationary pressure which would inevitably increase particularly if accretion to external reserves does not increase substantially.

Persistent Liquidity Surfeit: When the Committee decided to commence monetary easing in July 2016, the intention was to free sterilized liquidity and make such available for bank lending. Available evidence to date prove to the contrary. Private sector

3

credit increased, on annualized basis, by mere 8.70 per cent at end-February 2016 against an annual target of 13.28 per cent, while between the last week of January and end-February 2016, the average inter-bank and OBB rates were 1.43 and 1.26 per cent, respectively. Comparing these market rates with the Monetary Policy rate (MPR) of 11 per cent during the period presents a clear case of liquidity surfeit in the banking system while the wider-economy lending is dismal. Besides, this development also shows that MPR, which is supposed to be the signaling rate does not, as earlier studies demonstrated, have significant influence on the money market rates.

Rising Risk in Domestic Financial Markets: The Sovereign Yield spread between Nigeria 10-year bond and similar US Treasury instrument increased from 8.56 per cent at end-December 2015 to 11.65 per cent by end-February 2016, an increase of 309 basis points. Yield spread on similar instrument in Ghana increased by mere 127 basis points while for South Africa it decreased by 34 basis points during the period. In other words, while foreign investors’ risk perception for Nigeria and Ghana has increased, the risk perception for South Africa has decreased but more disturbing is that risk perception for Ghana is lower than Nigeria. A major reason for this development is heightened exchange rate risk and rising inflation in the country. The implication of this is on the cost of financing domestic projects. Given the amount of borrowing required to finance fiscal deficit in 2016 budget (about N2.2 trillion), the financing may have to be carried out at higher interest rate with possible spillover to other rates in the economy. This could also constitute additional headwinds to growth.

Way Forward Need to Halt Creeping Inflation: Growth issues are very pertinent in macroeconomic policy but sustainable growth is only possible within the context of a stable macroeconomic environment particularly low and stable inflation. Latest empirical work undertaken by staff of the Bank on inflation-growth nexus in Nigeria indicates that inflation level of 13 per cent and above is inimical to growth. As pointed out above, foreign investors are already responding to the evolving macroeconomic environment through the pricing of long term bonds. On this note, I am of the opinion that though we are passionate about the need to jump start growth, it is expedient to follow a path that can guarantee durable upward growth trajectory, which is curtailing inflation to an acceptable threshold. Besides monetary policy actions alone cannot deliver growth. This justifies our sustained call for the pre-requisite structural and real sector reforms to support monetary policy decisions. In light of this, it becomes compelling to adjust the MPR upward Strengthening of Agricultural and Food Policies: Analysis of inflation especially from January 2016 reveals that the rise in core inflation has been relatively moderate while food inflation particularly farm produce has assumed phenomenal increase.

Given the large share of food in the average household budget, the effect is the new elevated general price level. Under these circumstances, the capacity of central bank to fight inflation is limited. It is therefore incumbent for the Federal Government particularly, the Ministry of Agriculture, to put in place robust policies for intervening in food production and distribution.

Urgent Curtailment of Liquidity Surfeit: As pointed out earlier, liquidity in the banking system has not led to improvement in private sector credit. Secondly, in the face of low money market rates and apathy towards private sector lending, the interbank foreign exchange market would likely become the ultimate destination of the banking system excess liquidity that had continued to put pressure on our exchange rate and become a fertile ground for market bubbles. Perhaps more worrisome is the fact that the disturbing weakness of monetary policy transmission signaled by the excess banking system liquidity threaten a loss of one of the vital tools of monetary policy. Against this perspective, pending the deployment of appropriate framework that would enable the banking system to channel excess liquidity into the real sector, such liquidity should be sterilized.

Structural Policies: Price stability is a cardinal mandate of monetary authority but monetary policy alone cannot address all forms of inflationary pressures particularly if the causes are structural. The structure of the economy contributed significantly to the current inflationary trend. Among others, the nature of production and distribution of goods and services played a significant role. For instance, the official price of Petrol Motor Sprit (PMS) is N86/litre but most economic agents obtained the product at a price above the official rate while the parallel market rate became the basis for costing inputs and pricing outputs.

As I have said in my previous statements, structural policies that could fast track the turnaround of domestic refineries as well as build new ones are inevitable. Relatedly, higher transportation cost contributed considerably to the up-tick in price level in the months of January and February. These points to the fact that the dominant use of road transport in the haulage of goods need to be reviewed and replaced by more efficient means like rail and water ways if inflation is to be addressed sustainably via the traditional monetary policy tools.

Besides, the high degree of import constitutes serious issue for inflation when there is large variation in exchange rate. An open economy that seeks to control inflation must of necessity take into consideration movement in the exchange rate. Within the domestic economy, nominal exchange rate at the official window depreciated by about 22 per cent at end-February on yearon-year basis while general price level increased by about 2 percentage points during the period. Anything short of this should be regarded as abnormal. The logical way forward is to reduce the level of level of import by stimulating domestic production through appropriate policies.

It is instructive to stress that significant reduction of pressure in the foreign market would be achieved if these structural issues could be addressed and this would, invariably, reduce the risk in the financial markets.

Decisions Against the background of the need to address the lingering liquidity surfeit while simultaneously stemming the rising tide of inflation particularly the core component, I voted as follows: i.

MPR be increased by 200 basis points from 11 to 12 per cent ii.

CRR be increased by 250 basis points from 20 to 22.5 per cent iii.

Asymmetric corridor around MPR be adjusted to +200/-500 basis points iv.

LR to remain at 30 per cent.

5.0 GARBA, ABDUL-GANIYU Metaphors I feel compelled to use three metaphors to illustrate the dilemma that confronts monetary policy and indeed, macroeconomic management in Nigeria today so that we could all have the conversations that is necessary for policy effectiveness and achieving the mandates of the monetary and the fiscal authorities. The first metaphor is the ‘medical diagnostics metaphor’.

When a doctor suspects that a patient is anemic, it is sound medical practice to send the patient to the laboratory for a full blood count test. When the result is ready, the doctor carefully and thoroughly analyses it to understand the problem, and if necessary recommend additional tests to determine underlying problem(s) and consult with relevant colleagues/team members before determining the best intervention for the patient. To transfuse a patient without screening the blood and without knowing the blood type of the patient is murderous and a serious criminal breach of the ethics of medical practice and the laws of any sane nation. No sane persons will use the services of such a doctor unless they were suicidal. Most serious countries will keep such doctors off medical practice for the entirety of their lives. Recently, a 46 years old US medical doctor was sentenced to 30 years to life in prison by a judge in Los Angeles after murder convictions in connection with prescription drug overdose deaths of three of her patients. She was convicted for recklessly and criminally prescribing drugs fueled by greed. The implications of this metaphor for monetary policy is that more than ever before, rigorous, critical and mandate focused and evidence based diagnostics is needed first, because so much has changed in the last decade and second, because good and bad policies have long lasting effects. Shortness of the policy sight dooms policy analysis, policy choice and actions and policy effectiveness. This is why I keep repeating the point that my vote is for “harnessing and directing all available intellectual and political resources to engage the fiscal authorities to develop a strategic macroeconomic management framework for Nigeria” for the medium to the long term.

The second metaphor is the ‘tapeworm metaphor’ and it addresses the dangers of quick-fix measures. A hungry person decides to swallow live tapeworms with a large dose of hope that his hunger would be satiated. Clearly, to swallow life tapeworms whole because one wants to satiate hunger pangs is a quick fix to a hunger problem, but an unwise solution. For only the

7

8

Daily Times Nigeria Thursday, May 19, 2016

tapeworms will benefit from such folly. Indeed, the health of the individual will become inversely proportional to the health of the tapeworms in the individual. The tapeworm metaphor implies that trading-off monetary policy independence for exchange rate stability using portfolio flows was bound to profit only portfolio investors. Sooner rather than later, their rational behaviours would destabilize the foreign exchange market and further limit the latitude of the MPC for effective monetary policy. It was also very clear from the credible evidence from sound research papers on the Nigerian Foreign Exchange Management that the Retail Dutch Auction System (RDAS) is inherently unstable because it inevitably creates arbitrage opportunities which rational speculators would inevitably take advantage of. The data on global economic slow-downs particularly in China from 2013, forward guidance on US Fed rate hike and the ‘Bernanke effects’ of May 2013 and historical pattern of movements of commodity prices all pointed to headwinds from negative commodity price shocks and reversals of portfolio flows out of commodity exporters and emerging markets. It was also clear that negative commodity price and reverse financial flows tend to have the most destabilizing effects on the financial markets and macroeconomic management of small open commodity exporters. It was also obvious to the discerning that exchange rate instability and widening spreads were highly probable in the absence a forward looking and creative macroeconomic management strategy. For it was clear that a backward looking strategy will fail to ensure the allocation of scarce forex resource to those who could best use it to create tangible values and create jobs in Nigeria. Simply put the real economy and jobs were at risk not in 2015 or 2016 but as far back as December 2011. To think that the journey to stagflation began only recently is to think amiss.

but more for those who naively walked into the ‘debt trap’. The high costs within the US could partly be attributable to both recognition and action lag which in turn, could be explained by weight given to political exigencies in decision making. The lessons for me are clear, getting out of a stagflation trap is neither easy nor low cost. That is why getting into the traps of stagflation, debt and capital account (equity and debt) is very dangerous and ought to have been avoided when they lay in the future.

The third metaphor is the ‘recovering addict metaphor’. The recovering drug addict who after being released from rehab seeks advise on how to stay off drugs from the drug dealer who aided him to develop dependence on drugs is doomed to suffer a relapse. The dealer clearly has a conflict of interest between truth and profit and a rational drug dealer would rather have a client than a friend. This metaphor applies to Nigeria’s fiscal processes where in terms of its conflict between saving excess crude and at the same time doubling its public debt every 14 quarters between 2007 and 2016 on the advice of institutions that profit from its borrowing. Like the addict, Nigeria is urged on; on a borrowing binge on the disingenuous premise that it is under-borrowed in disregard of the fiscal and monetary trade-offs and crowding-out effects.

I am persuaded based on what we know about (i) the recent inflationary pressures (it was triggered by exchange rate passthrough effects of recent forex market shifts and amplified by the post-September 2015 liquidity shocks and the lingering fuel crisis), (ii) the structural path of economic stagnation, (iii) the asymmetrical nature of interest rate policies and (iv) domestic and global economic and financial outlook, my vote is for a tightening regime. Clearly, a tightening regime conflicts with the requirements for reversing economic stagnation. The easing at the last two MPCs of 2015 which I did not support, did not achieve lower interest rates or greater access by real sector operators because the allocation pattern in key markets – money and forex – are biased against real sector operators. Without correcting for the factors that predisposes the financial markets to allocate to sectors that have lowest output and employment elasticities and to wholesale borrowers that have higher default risks, easing is unlikely to generate real investment, growth and job creation. Yet, a runaway inflation undermines the mandate of the MPC. The balance of policy effectiveness is on the side of tightening checking the advance of inflation pressures. The status quo not only is unable lower lending rates and interest rate spread, it has undercut inflation through its effects on exchange rate and undercut growth through by triggering significant supply shocks through its exchange rate effects and allocation bias.

In the constrained policy space that the MPC is in, tightening is the best option for the short term. It allows MPC to work to fix to the transmission mechanism that has been considerably weakened and distorted by attractiveness of inverted intermediation and the pricing and allocation problems of the forex and money markets that have trend effects on growth and employment.

Therefore, I am convinced about the urgent need to correct and avoid further escalation of inflation expectation and pressures.

I am also convinced about the urgency of a forward looking comprehensive strategic framework for evaluating options based on sound knowledge about nexuses, constraints, trade-offs, strength of transmission mechanisms, hysteresis and the true costbenefits of alternative choices to help the MPC make wise, effective and sustainable decisions.

When you put together, the consequences of the three metaphors, you get a strategic conundrum that makes purposeful, effective and consistent monetary and fiscal policy very difficult to achieve. Were experience the best teacher as the cliché say, then we would have learnt from the aftermath of the jumbo loan of 1978 and of the capital account liberalization of 2006.

Then we would have prepared for the shocks that were inevitable given the scope of quantitative easing globally and the risks of nomalisation.

Failures to learn the rights lessons lead to repeated cycles of errors at rising costs. I believe the window of opportunity for changing the strategic character of Nigeria’s macroeconomic management is not widening or remaining static. I believe the earlier we have purposeful, effective and sustainable harnessing and utilization of all available intellectual and political resources to develop a people-centered strategic macroeconomic management framework for Nigeria, the better for the Nigerian people. When the United States confronted the global financial crisis in the summer of 2008, the fiscal and monetary authorities and the US Senate and Congress worked together with the Presidential candidates - John Mccain (Republican) and Barack Obama (Democratic) - to put together a comprehensive strategy that started to steer the ship of their state from the precipice even when it required many to commit ideological volte-faces. I believe that Nigeria has been at such a point for some time. Every delay makes it more difficult and more costly.

Background to Decision At the March 2016 MPC I asked and attempted to answer many questions before deciding. The questions included: (i) What are the real problems confronting the economy and what are their underlying and immediate causes? (ii) What can we learnt from the recent domestic and global economic strategies, policies, interests, behaviours, market processes, the outcomes and the paths? (iii) What are the short to medium term domestic and global outlooks? (iv) What do we know about the stagnationinflation process, the allocation and pricing relations in the segmented forex and money markets, the relationships between the spot and futures forex market, the relationships between fiscal and monetary policies in the recent pasts, the effectiveness and efficiency in the allocation the loanable funds and forex and the short to long term effects of capital account liberalization of debt and equity? In addition, how has policy choices affected uncertainties, risks, expectations and rational behaviours of key players? How do we separate the short term noises in the markets and policy space from the trend factors? How strong the exchange rate is pass-through and how effective and symmetrical is the transmission mechanism of monetary policy? What is the real trade-off compatible with medium to long term low inflation growth? What are the likely effects of a high leverage fiscal expansion budget on the feasible options of monetary policy hence, on the effectiveness of monetary policy in 2016? (v) What are the domestic and global medium term outlooks? (vi) What the relationships between fiscal, monetary, prudential (macro and micro) and development finance policies? (vi) What are the strategic goals set, the binding constraints, the inherent trade-offs and framework for evaluation and choice of the best feasible options as well as the evaluation criteria? These are some of the questions that needs clear answers to in the conversations leading to a people-centred strategic macroeconomic management framework for Nigeria.

In a policy choice context, the framing of options is rather limited and costly trade-offs may be the price to pay for strategic and coordination weaknesses. What we know from the Economic Report prepared by Bank Staff is that there has been for at least 10 quarters, a steady build-up of stagnation pressures mainly in industry (peaking in the four quarters of 2015) and a build-up of inflation from November 2014 and with the most significant increase in February 2016. The build-up is partly explained by the deflationary monetary policies, the Bernanke effects which triggered the exit of portfolio, exchange rate generated supply shocks and, eventually, commodity price shocks amplified by the economic slowdown in China, Japan and the Eurozone.

It is clear from the pattern of stagnation and inflation that exchange rate pass-through is a key factor in both. It is also clear from an evaluation of the over thirty three exchange and trade related administrative measures between June 2014 and January 2016 that the consistent shifting of demand pressures first from RDAS market to interbank, then from interbank to BDCs and finally from BDCs to the parallel market has been a strong factor in (i) the widening of the exchange rate spread and the attractiveness of the arbitrage opportunities and (ii) the growing importance of the parallel forex market which ought to have been kept so small that its noise value is greatly minimized as it was when the Wholesale Dutch Auction System (WDAS) was in operation. It is also, evident from data that the growth of money supply driven by a spike in demand deposits in December 2015 and February 2016 and the final shift in forex demand to the parallel markets in January 2016, the announced commitment to supply a key player forex contributed significantly to the unprecedented spread between the ‘official interbank’ and the parallel rate from January 2016. The data on utilization of forex and indeed on allocation of credit do not show that economic activities with the highest output and employment elasticities attract forex or credit under both tightening and easing regimes. The high interest rate spreads and rising exchange rate spread signal market mal-functioning problems that need to be urgently corrected as part of a comprehensive strategy.

The MPC communiqué has given forward guidance about its commitment to forex market comprehensive strategy. Therefore, as MPC works towards the comprehensive strategy, the main issue for me at this MPC is stemming the drift into the global stagflation trap of the 1970s. The 1970s ‘stagflation trap’ made it clear that the traditional demand management strategies were ill-suited to correcting supply shocks. This is because a short-run trade-off between unemployment/growth and inflation does not exist. Stimulus programmes of Presidents Nixon, Ford and Carter administrations (before President Carter appointed Volcker as Chair of the UD Fed) worsened the stagnation and the inflation and helping the neoclassical counter revolution in macroeconomics. If we fail to learn from history, we are condemned to repeating it and much higher costs.

The lessons of history imply that the MPC has to decide which goal it could most effectively achieve in the short term for it is impossible for monetary policy on its ‘sore legs’ to stimulate growth and deflate the economy at the same time. Paul Volcker’s US Fed chose inflation. Inevitably, the sacrifice ratio was high not only for the US which suffered several episodes of recessions,

4

It is clear to me from available evidence that (i) monetary policy has more effective impact on inflation in the short term, (ii) the impending fiscal expansion will be inflationary and crowd-out private investment given its high leverage structure, (iii) the asymmetrical nature of interest rate and the malfunctions in the credit market and the rational behavior of DMBs rendered the easing at the September MPC ineffective and counterproductive (the release of the ‘forex chasing liquidity’ that MPC had been mopping-up since the huge quantitative easing of 2009-2014 contributed to exchange rate pressures), (iv) the consistent shifting of demand towards the parallel market contributed to the sustained widening of exchange rate spreads; (v) inflation has asymmetrical effects on poorer individuals, households small businesses and domestic producers (through negative budget and supply shocks), and (vi) effective fiscal-monetary-prudential-development policy coordination is necessary indeed critical to job creating growth and to macroeconomic and financial system stability. To want is not to have: nothing can be produced out of nothing!

Decision First, I strongly support the forward guidance about a comprehensive strategy for foreign exchange management framework.

In addition, my vote reiterate my conviction about the urgent need to harness, direct and put to effective use the best available intellectual and political resources to engage the fiscal authorities to develop a forward looking strategic macroeconomic management framework for Nigeria” for the medium to the long term effectiveness of macroeconomic management compatible with the long term wellbeing of Nigerians. The great challenge for MPC is to deliver on the promise of a forward looking comprehensive strategy and for the fiscal and monetary authorities to deliver on a forward looking strategic macroeconomic management framework for Nigeria.

Second, to stem and prevent a runaway inflation and its adverse economic consequences, I vote for: 1.

Increase in CRR by 2.25% to 22.5% 2.

Increase in MPR from 11% to 12% 3.

Asymmetric Corridor of -5 (SDF), +2 (SLF) 4.

Hold liquidity Ratio at 30% 6.0 UCHE, CHIBUIKE U A disturbing development that MPC was faced with at this meeting was the issue of rising inflation. With inflation rate now officially above MPR, there is very little room for maneuvre. This is because any investment at the current MPR will yield a negative real return for the investor. This has negative consequences for both the competitiveness of our financial instruments and the health of our banking sector in general. Unfortunately, this inflation problem may get worse when Government begins to implement its 2016 deficit budget. In my humble opinion, therefore, there is now a strong case for monetary policy tightening.

In following the above route however, there is need for extreme care especially given the fact that the resultant higher interest rates is likely to negatively impact on the stability of the Nigerian banking system. This is especially so because for some time now we have been witnessing a slow but consistent rise in the nonperforming loan portfolio of banks in the country.

Tightening monetary policy at this time will therefore further increase the pressure on the NPLs of Nigerian banks. The fact that the consequences of the last banking crisis in Nigeria continue to rear its head in AMCON’s financial statements remain a major reason for my trepidation in this regard.

Given the current level of inflation, I am in total agreement with the assertion that the tightening of monetary policy at the present time must include an increase in MPR. While I support the need to increase MPR, to the extent that it does not pose a material danger to our banking system stability, I consider it prudent to reiterate that I am not convinced by the argument that enhancing our country’s competitiveness in attracting foreign currency investments should also be an incentive for increasing MPR. As I have consistently argued in some of my past policy statements, the time has come for Nigeria to impose some form of restrictions on the inflow of foreign ‘investments’ into the country. This should be specifically aimed at discouraging short term portfolio inflows. History has taught us that such speculative capital inflows only offer temporary relief, mainly in the arena of exchange rates, and generally cause more harm than good. I therefore see no harm for the country to insist that the only types of foreign capital it will welcome are those that have long term investment intentions.

From the above, it is clear that the problem of monetary stability in Nigeria is more complicated than increasing MPR. Despite the obvious fiscal policy gains that resulted from the implementation of the TSA, inflation has continued to trend upwards. The main reason for this trend is the nation’s inability to diversify its economy away from its current overdependence on oil rents.

With persistent low oil prices, which has thus far shown no credible sign of abating, the ability of the country to continue to fund the indulgence of its citizens in all manner of imported goods which has been encouraged over the years by high oil prices is now very doubtful.

The result of the above is the current unrelenting pressure that is now being put on the exchange rate of the Naira. Given the dynamics of the exchange rate mechanism that is currently in place in Nigeria, a distinct and robust parallel market has emerged and the gap between the exchange rate in this market and that in the official market has continued to widen. This has created immense opportunities for arbitrage. The fact that prices and inflation in Nigeria currently correlate more with the parallel market exchange rate is evidence that such arbitrage opportunities are being exploited.

I am of course aware that the exchange rate mechanism in the country is currently being reviewed with the view of reducing (or eliminating) the variance between the official and parallel exchange rates for the Naira. It is however important to stress that whatever exchange rate management system that is arrived at will be unsustainable if the Nigerian economy continues

Daily Times Nigeria Thursday, May 19, 2016

to be dependent on oil rents.

markets and developing economies. Nonetheless, recovery and expansion in advanced economies is envisaged to remain largely robust buoyed by relatively benign conditions and accommodative monetary policy. In the US recovery is expected to be sustained albeit at a cautious pace, fuelled by cheaper energy and modest private demand. The euro area is also likely to continue its rebound largely on the back of dynamic private consumption.

On its part the CBN has been exploiting its developmental role in its attempt to promote the diversification of our economy. It has, for instance, recently used exchange rate allocation restrictions as a tool to discourage the importation of some 41 items.

As I stated in an earlier policy statement, I am in full support of the CBN’s attempt to exploit its developmental function in its bid to aid sustainable national economic development. I however believe that there is need for more studies in this area before continuing on this trajectory. This is particularly important given the fact that the CBN has a long history of exploiting its developmental function. Learning from the mistakes and/ or successes of the past will in my view lead to the formulation of more effective policies in the above direction.

Average growth among emerging markets and developing economies is forecast to increase slightly from 4.0 percent in 2015 to 4.6 percent in 2016. This is regardless of rising uncertainty related to developments in China, softened commodities and energy prices, financial markets fragilities, and weak global trade. The key downside risks to the envisaged fragile recovery in emerging markets and developing economies include the withering capital flows, currency volatility, fiscal vulnerabilities, and heightening geopolitical tensions. On the back of the uneven global outlook, accommodative monetary policy is expected to largely remain among advanced economies even as emerging markets and developing economies generally deal with currency and structural issues.

Despite its developmental role potentials, there is a limit to what the CBN can achieve without the support of the fiscal authorities. In my view, for instance, the time has come for the Federal Government to ban the import of all goods that can be manufactured locally. Another way to encourage local industrial development is to impose hefty tariffs on luxury goods and goods that have reasonable local substitutes. Although these measures may appear extreme, the stark reality, in the light of the current international oil prices, is that Nigeria is no longer in a position to support the import dependent appetite of its citizens.

It is of course obvious that for any meaningful progress to be made in the direction of promoting local industries, there is an urgent need for the Nigerian Government to also tackle the country’s poor infrastructure, declining educational standards, declining ethical standards, porous borders and rampant corruption that has now been engrained in our system.

In summary therefore, I support a tightening of monetary policy at the present time. I therefore vote as follows: (1) to increase MPR by 100 basis point from 11 percent to 12 percent (2) to retain the asymmetric interest rate corridor of + 200/- 700 basis points around the MPR; (3) to increase CRR by 250 basis points from 20 percent to 22.50 percent; and (4) to retain Liquidity Ratio at 30 percent.

In Nigeria, recent data by the National Bureau of Statistics shows that domestic output growth decelerated further to 2.1 percent in quarter four of 2015 from 2.8 percent in quarter three. At that pace, fourth quarter growth is 1.7 percentage points lower than its level in the corresponding period of 2014. Growth for the entire 2015 slowed to 2.8 percent from 6.2 percent at the end of 2014 and the average of 5.3 percent in the preceding three years. Though growth in the non-oil sector decelerated from 7.2 percent in 2014 to 3.8 percent in 2015, it continued to be the driver of overall growth given the deeper contraction of the oil sector from -1.3 percent to -5.5 percent over the same period. By respectively contributing 1.23, 0.83 and 0.76 percentage points to non-oil growth, services, agriculture and trade sub-sectors remain the key growth propellers. In line with various forecasts including staff estimates, we expect a moderate pick-up of growth to between 3.5 and 4.0 percent in 2016, especially if global conditions improve. I note that the major domestic impediment to growth is the apathy of the financial sector to lend to the real private sector even in the presence of enormous systemic liquidity.

7.0 YAHAYA, SHEHU The Global Economy The possible effects of the changes in global economic and financial variables, including that of our main trading partners on the Nigerian economy have remained fairly stable over the last quarter of 2015- positive GDP growth rates in US, UK, a bit lower but still high growth rates in China, high growth rates in India, much lower growth in the Euro area, slowed growth in South Africa, negative growth rates in Japan Brazil and Russia. Most oil producing countries are still facing difficult challenges.

This underlines the importance of developing new trading partners. Worth noting is the additional stimulus injected into the Eurozone by the ECB to support growth and the prospects for further normalization of interest rates in the US during 2016.

General price levels as well as food prices and raw materials remain low in US, UK, Europe and much of Asia and are expected to remain generally low or even in some cases dip, for much of 2016. Crude oil prices rose to around $40/barrel in mid-March, but it is not evident that even this modest rise can be sustained, due to persisting supply glut and the prospects of resumed expansion in shale oil production once the $40 dollar threshold is crossed. For oil producing countries including Nigeria, the effects of pressures on the local currency is impacting significantly on local prices.

On domestic prices, the year-on-year headline inflation rose sharply from 9.6 percent in January 2016 to 11.4 percent in February. According to the National Bureau of Statistics, this sudden ascent was attributable to the effects of acute fuel scarcity, exchange rate pass-through (especially to imported foods), and the hike in energy tariffs. Consequently, both the food and the core components of inflation rose during the month to 11.4 percent and 11.0 percent from 10.6 percent and 8.8 percent respectively, in the preceding month. Though the underlying causes of inflation in February were essentially structural and supply sided, it is exigent to curb its ascent in order to ensure that the projected trend of future inflation reverses downward.

Data on domestic monetary, credit and financial conditions indicated that, during the review month, broad money supply grew by 2.3 percent over preceding December. This implies an annualised monetary expansion of 13.7 percent relative to the provisional programmed target of 15.2 percent. Similarly, net domestic credit increased by 3.7 percent which annualises to 22.3 percent and is 7.0 percentage points below the 29.3 percent expansion provisionally targeted for 2016. The flow of credit to the private sector was unacceptably far less than anticipated. With a growth rate of 1.5 percent, the annualised growth at 8.7 percent was significantly below the target rate 13.3 percent. I note once again that sluggish growth of credit to the private coexisted perversely with a highly liquid money market.

Domestic Economy Q4 GDP dropped to 2.11%, the lowest in the year, with an overall growth rate of 2.79% in 2015, much lower than forecast.

The decline in growth rate was mainly driven by a sharp fall in the oil sector during the quarter and a significant drop in manufacturing production. It is instructive to note that, increased lending to the manufacturing sector and privileged access to foreign exchange at the official rate did not translate into higher output.

The extent of liquidity surfeit in the banking system is reflected in the repeatedly low interest rates in the market. Starting at 0.5 percent and 2.8 percent on 25 January 2016, the interbank call and OBB rates, respectively, recorded averages of 1.4 percent and 2.7 percent between 25 January and end-February 2016. The aberrant concurrence of excess liquidity in the banking sector and poor flow of credit to the private sector is expounded by the lethargy at lending to the real sector of the economy due in part to a heightened default risk. Developments at the domestic capital market indicated a rare return of bullish episodes at the equity segment. Starting at 23,916.2 points on 29 January 2016, the All-Share Index of the Nigerian Stock Exchanged grew by 8.1 percent to the 25,853.6 points as at 14 March 2016. Over the same period, Market Capitalisation rose by 8.0 percent from N8.2 trillion to N8.9 trillion.

Output in the power sector stagnated. The non-oil sector grew at a slightly faster rate than in Q3 2015. Agriculture also grew, but not fast enough. Special attention needs to be paid to this issue if agricultural production is actually to serve as the bulwark for pulling the non-oil economy forward. One important consequence of the low growth rate is that unemployment has risen consistently in each quarter of 2015, reaching about 7.5 million in Q3 2015, which is a jump of 24% over the previous quarter.

One of the most significant developments in the domestic economy is the big jump in headline inflation to 11.38% in February 2016, year on year, as compared to 9.62% in the previous month. Most of the increase emanated from core inflation, particularly processed food, housing, water, electricity, gas fuel. The increase in food inflation, though lower than core, was mainly driven by increases in imported rice and bread (due to the imported wheat component). Here, the exchange rate effect is evidently significant. It is important that the right and measured response to this price hike be developed.

During the review period, the exchange rate of the Naira to the US dollar at the interbank market continued to steady around N197.00/US$ with a daily average of N196.99/US$ between 25 January and 14 March 2016. This reflected the strong commitment of the CBN to safeguard the domestic currency, even in the presence of immense speculative pressures, using a mix of orthodox and alternative policy measures. I note, once again, that fostering a sustainable autonomous inflow of foreign exchange is expedient and imperative as this can feasibly ease the pressure on our gross official reserves. In this regard, the Bank is currently working on a number of initiatives that will boost the supply in the foreign exchange market. On official reserves, our data indicate a decline of 0.8 percent in 30-day moving average position from US$28.1 billion as at end-January 2016 to US$27.9 billion on 18 March 2016.

From the foregoing, it seems clear that the foreign currency market and the fixing of the Naira exchange rate is posing some challenges that need to be addressed. In particular, the parallel market rates appear to be having a significant effect on price levels, particularly, but not exclusively for imported goods. On the positive side, the pick up in prices of crude oil has led to an increase in external reserves to US$28 billion by Mid-March. However, it is not at all apparent that this increase will be sustained- hence measures to adapt to the long term decline in oil prices must continue to be developed and implemented, including a longer term strategy for the foreign exchange market to avoid a significant decline in reserves, intolerable pressures on the official exchange rate, declines in inward foreign currency flows.

On the whole, I note the multiplicity, complexity and simultaneity of challenges confronting the Nigerian economy at this time. These include decelerating growth, rising inflation, excess liquidity, low credit to the productive private sector, and a constricted foreign exchange supply. Most of these are largely attributable to low crude oil prices and its spill-over effects on structural vulnerabilities and a constrained fiscal space. In recent times, the MPC has adopted a largely accommodative stance of monetary policy to prop flagging growth. The aim was to release liquidity into the system with a view to elevating the flow of credit to the real sector. While the policies succeeded in raising the level of liquidity in the banking system, it however did not translate immediately to increased credit to the core private sector. Instead, financial institutions channelled the excess liquidity to the foreign exchange market and increased downward pressure on the Naira exchange rate. Consequently, the goal of bolstering growth was stymied while the heightened pressure on the exchange rate transmitted to rising inflation.

In addition, the continued delay in ratifying the 2016 fiscal budget further complicated growth outcomes, as the attendant uncertainty around fiscal policy delayed investment decisions.

The banking sector remains robust, with respect to capital, asset and income based measures, as well as a lower level of risk on the Net Open Position, albeit with slight declines in capital adequacy, return on equity and on assets, as well as an increase in NPLs. Liquidity in the banking system has remained quite high, with a significant proportion of it in the form of deposit for forex. It is pertinent to note that injections of liquidity emanating from the loosening of monetary policy has been, to a large extent, used for forex bids, and has not translated, in any significant way, into lower interest rates or higher levels of lending to the productive sectors. Lending concentration remains a cause for concern.

I reiterate that the structural vulnerabilities of the Nigerian economy, which was once again undraped by the prolonged fall in crude oil prices, is underpinned by a problem of weak aggregate supply. Nigeria needs to learn from the experiences of past episodes of low oil prices and accept the current episode as an opportunity to diversify the economy once and for all. To this end, the CBN will not relent in its efforts at supporting the broad diversification of the economy and the build-up of our domestic productive capacity. It is in this regard that I deem it fitting to be tactful in tackling the problems of slowing growth, rising inflation, liquidity surfeit and poor private sector credit. Given the apparent trade-offs inherent in policy decisions, we need to make some sacrifices and choose the least costly policy options.

Conclusion and Vote Most of the evidence is pointing towards persistent oil glut in the medium term and therefore low prices. It is necessary to develop a long term approach to the foreign exchange market, which obviously has an important effect on prices, foreign reserves, portfolio investment and FDI and therefore growth. This approach should be set, not just as a short term response to declines in forex supply, but as part of wider strategic objectives of growth, job creation and a more egalitarian society.

The other important task is to respond to the short term threat of inflation. In devising the right response, it matters if the causes of the current spike in prices is due to transient factors or due to unfolding cumulative effects of pressures in the foreign exchange market, increases in the cost of fuel and power etc. It is also important that the overall objective of supporting expansionary fiscal policy to stimulate growth is not lost sight of. At the moment, the real MPR is negative. We consider the cumulative effects of various factors as providing a better explanation of the spike in prices. Approval of the budget later in the month and the surge in fiscal spending may also generate additional pressure on price levels. Moreover, the banking sector is characterized by excess liquidity. Under the circumstances we deem it essential to tighten monetary policy and therefore vote as follows: t Raise the MPR by 100 basis points to 12%. t Asymmetric corridor to be tightened to +2/-5 t Raise CRR to 22.5% t Liquidity Ratio remains at 30%

I strongly believe that in the medium term, we need to boost productivity and domestic supply capacity to ensure that jobs and goods are in abundant supply. On its part, the CBN will sustain and strengthen its development finance initiatives to ensure that concessionary credits are channelled to strategically selected real sector ventures. In the immediate term, however, there is need to tame inflation which has maintained an upward trajectory over the last year. It is also imperative to rein in the banking system’s excess liquidity which is stoking the pressure on the exchange rate. On the balance of inflation-output trade-off, it is most optimal at this time to tighten the noose on inflation and reduce the speculative pressures on the exchange rate. To mitigate an excessive sacrifice of output growth, the CBN development finance schemes will be used to channel concessionary credit to the private sector. I am of the view that this option will correct the perverse simultaneity of excess liquidity and poor credit and will moderate exchange market pressure and the attendant pass-through to inflation.

I therefore vote as follows: 1. 100 basis points increase in MPR from 11.0 percent to 12.0 percent; 2. 250 basis points increase in CRR from 20.0 percent to 22.5 percent; 3. Narrow the asymmetric corridor from +200/–700 basis points around the mid-point of the MPR to +200/–500 basis points; and 4. Retain Liquidity Ratio at 30 per cent.

8.0 EMEFIELE, I. GODWIN, GOVERNOR OF THE CENTRAL BANK OF NIGERIA AND CHAIRMAN, MONETARY POLICY COMMITTEE Global economic performance throughout 2015 was generally tepid and uneven as output growth dropped to 2.3 percent in the fourth quarter from 2.6 percent in the third quarter. Though medium-term outlook remain modest, growth is projected to gain marginal traction in 2016 with the IMF forecasting a rate of 3.4 percent during the year. The fragile global economic environment reflects depressed demand, rising uncertainties and enormous vulnerabilities especially among key emerging

5

9

10

Daily Times Nigeria Thursday, May 19, 2016

Politics

Æs

Ortom: Compared to Suswam, I’ve not traveled at all Benue State Governor, Samuel Ortom, was on President Muhammadu Buhari’s delegation to China recently, after which he anchored business and investment fora between Chinese businessmen and major stakeholders in the North Central States of Nigeria as well as financial and investment institutions in both countries. In this interview, he speaks about the gains of the trip and addressed some concerns about it.

FREDDIE ADAMGBE was there. Excerpts: Why did you visit the assembly plant in Wuzheng?

Benue State is the Food Basket of the nation, and that at a personal level, I’m a farmer. This plant is deeply into the production of agricultural machinery

and in China here, it’s one of the best, it also has some little presence in Benue State. I came to encourage them because they’re already doing some trading in agricultural machinery like tractors and other farm implements in our

state. I’m here to discuss with the President and Chairman of this group in order to ensure that we not just go into trading of these machinery but we can start an assembly plant in Makurdi. Apart from the benefits of having these equipments close to farmers in the Food Basket of the nation, the assembly plant will generate jobs, create opportunities and create wealth because it will be a center to service neighboring states especially those in the North Central. I’ve taken advantage of Mr. President’s visit to China which opened up many opportunities

for Nigeria. I’m happy that I was part of the delegation and I want to take maximum advantage of the visit in order to ensure that my state benefits first, and I’m glad that the agreement has been signed. The chairman has agreed to start an assembly plant in Makurdi and has directed his people to do a feasibility study on how this can be done. I think that within the shortest possible time the benefits would be there with their practical presence.

Can you explain further some of the gains of your trip CONTINUED ON PAGE 11

Ortom

With characters like Fayose in PDP, party is irredeemable- PDP chieftain, Okeya In-law to Former President Goodluck Jonathan’s Chief of Staff, Dele Okeya was a former commissioner for Works and Transport in Ekiti State, and former Special Adviser to Governor Ayodele Fayose on Environment, and ex-chairman, Nigeria Building and Roads Research Institute (NABRI), Abuja as well as Peoples Democratic Party (PDP) chieftain/ financier in Ekiti State. A native of Emure Ekiti in Ise/Emure local government, he spoke with GBENGA SODEINDE on why he is leaving PDP for the All Progressives Congress (APC) saying, with characters like Governor Fayose in PDP, the party is irredeemable. Excerpts:

Fayose

Way out of Edo APC crisis, by Oyinlola

Tom Okpe, Abuja The Peace and Reconciliation Committee set up by the leadership of the All Progressives Congress (APC) to wade into the crisis bedeviling the Edo State chapter of the party, on Wednesday, said the state chapter of the party is now united, ready and

Why are you leaving the PDP? The challenges PDP is facing now is self inflicted because they could not manage their success. Before, even in Ekiti State, PDP was a lone party, a small party, but by the grace of God, we worked very hard and made it a winning party, a formidable party, a party that won election and formed a government, both in Ekiti State and at the National. PDP was in government, and it became a very successful party. Some of us stakeholders sacrificed our money and every-

thing to make the party a formidable one. After that, people I would call crooks, criminals, the scallywags and ragamuffins, hijacked the party, both at the state and at national. Before, when you have problems at the state, you take it to the national, now, it’s no longer so. There would be an implosion, the way things are going.

The aim of people like this is to get power and use it to oppress the vast majority of people and party itself. We are talking of Democracy, the party has its own constitution -internal control mechanism, code of conduct and manifestoes,

prepared for the upcoming primaries and eventual election in the state.

Receiving the report at the National Secretariat of the party in Abuja, National Chairman of APC, Chief John Odigie-Oyegun who put together the highpowered committee because of the “sensitivity of the mission”,

more so, that he is from the state, promised to implement them after going through the report.

Leader of the team and former governor of Osun State, who is also the leader of the committee, Prince Olagunsoye Oyinlola made this presentation while submitting the committee’s report.

CONTINUED ON PAGE 11

but immediately these crooks hijacked the party, they abandoned all those things that made PDP big.

Everything was jettisoned, it became the era of I don’t care, anything goes. We fought against impunity, we fought against imposition, marginalization, exclusiveness within the party, but most governors in PDP think they are god. They are like thin- gods. They don’t want to listen to anybody.

They abandoned the party’s constitution, code of conduct and resorted to their own rules. Rather than elect people, they select their cronies- people they can dictate to.

For us, we have our integrity and credibility, we cannot subscribe to that kind of one-man-show, that is why as from today Friday, 13 May 2016, I’m leaving PDP together with my supporters of over 5,000 to the APC. Can you mention names, or you are afraid?

Afraid of what? We know them, CONTINUED ON PAGE 11

Oyinlola

Daily Times Nigeria Thursday, May 19, 2016

‘‘I’ve noticed that the average Chinese man and woman are quite receptive. I’m happy with this visit especially now that they have so much and are looking for opportunities to invest outside their country. I’m discussing with quite a number of them.’’

Suswam

11 Politics

My visit to China will yield result soon— Ortom CONTINUED FROM PAGE 10

to China?

They are massive, even though we’ve not finished the signing of Memorandum of Understanding and agreements with different provinces that have indicated that they want to partner with Benue State. But I can assure you that more opportunities have been opened up for the people of Benue State because I had the opportunity of showcasing our potentials as a state in the areas of agriculture, solid minerals, as well as culture and tourism. The people here have been quite receptive to these and it’s happening at a time Mr. President visited and signed several agreements of friendship and bilateral issues that affect the two countries. I’ve noticed that the average Chinese man and woman are quite receptive. I’m happy with this visit especially now that they have so much and are looking for opportunities to invest outside their country. I’m discussing with quite a number of them. We’ve gone into discussions with vari-

ous investors and businessmen over here with emphasis on establishing their plants and factories in Benue State so that we can get maximum benefits out of these.

We’re not just looking at trading, but for members of the Chamber of Commerce in the state who are willing can start with trading because that will also be of benefit to our people. We believe that this foundation that we’ve laid with the President’s visit, the Trade Fair and the visits that we’ve paid to several provinces will definitely generate positive results for our state. For instance, we’re discussing with the government and people of Guangzhou about an agreement with them so that Makurdi can become a sister city to Guangzhou, this will bring a lot of benefits. Before you know what is happening, someone who just heard our discussion went into discussion with his government in a different province and they decided that we should come and sign an agreement that they want to partner with us, an inves-

tor who is willing to come to Nigeria and Benue State in particular

by May. He’s willing to invest in agro processing, in tourism, and is also willing to invest in solid minerals. We’ve gotten investors who have indicated interest and I’ve given them invitation to visit the state. The Nigerian Mission here in China is really supportive of these initiatives arising from the fact that our business forum for two days at the Hilton in Guangzhou was a great success.

Why do you keep looking towards China?

Today in the whole world, if you go to other parts of the world, in America, go to Europe, go to other parts of Asia, go to the Americas and everywhere in the world, you will see the presence of China, whether by way of the people or their products.

Gone are the days when we experienced substandard products from China. Today they have the capacity to produce high standard and quality products and I can attest to this.

‘PDP government in Ekiti is a one-man show at all levels’ We are set CONTINUED FROM PAGE 10

Ekiti State governor, Ayo Fayose is the chief culprit. He is the governor, the deputy governor at the same time, the chief of staff, the head of service, the SSG, the chairman of the party. He’s the speaker, the local government party chairman, the ward chairman, the councillor, the council chairman. He doesn’t consult anybody; I can’t be in the same party with such a fellow.

Is Defection the solution, why not stay and reposition the party?

With Characters like Fayose in the PDP, PDP is irredeemable.

When it comes to imposition and impunity those people behind it think its the instinct. They are having their ways which is even at variance with the majority of PDP members. I have contributed a lot to the Development of the Party in Ekiti State and when the party is crumbling, we looked at it many times; that over time, things would settle. A lot of people, stakeholders have left the party because of the rascality. A stakeholder who was the chairman of the party for eight years has left the party, former commissioners left the party, former ambassador, so many stakeholders are leaving, have left and many are still going

to leave, even the grassrooters; because the party is a one-manshow party in Ekiti State being supported by the clowns at the national.

You were once a commissioner in the first tenure of Governor Fayose, and now you are complaining bitterly about his administration and the party, was it not like this before?

During the first tenure, in two years, we disagreed. We managed ourselves, in fact there was a time he removed me from the cabinet. He dissolved the cabinet and when he was bringing people in, he didn’t bring me back. He infact asked me to bring somebody who will replace me in the cabinet. And to let him know that political office is not oxygen, I gave him three names, but in the end, he didn’t choose any of them. After three months, he brought me back, so you can see that its not been rosy between us and that time was far better, because we have quality men in the cabinet -Local government, house of Assembly. The governor was impeached because of this rascality; then, he came back through rigging.

There was no election, Fayose colluded with people at the Na-

Okeya

tional Secretariat. In several local governments, there was no election. They just went to his house and wrote names, and that was how they got the delegates.

Everything the governor is doing in Ekiti is not in the interest of the common man; the high level of taxation. A lot of PDP elders have left. In Ekiti State now, there is parallel exco, congress everywhere; even his supporters when people like us refused him, have turned their back on him. The only option left for us is to pull out our supporters from PDP; PDP cannot last, it does not have any chance of winning election in Ekiti State again.

The opportunity for rigging like they did in the past is no lon-

ger there; that opportunity can never come again in Ekiti. Its one man one vote, politics is a game of numbers.

What’s your reaction to the hike in fuel price and cash crunch generally?

I don’t believe there would be cash crunch now. We just heard that they are releasing N360 billion into the economy for capital projects. There is no hike in fuel price. What has happened is deregulation in the oil sector; everybody is now free. If you have your contact/money to bring in fuel abroad, subject to certain specification, and you can sell at any price, but not exceeding N145per litre. There is going to be point of equilibrum now. The deregulation has removed the corruption that has brought us to this level.

Subsidy is another word for corruption. I’m even of the opinion that full deregulation is better.

Your comments on Buhari’s performance so far?

President Buhari is a leader whose character is worthy of emulation. We won’t be in this kind of problem in the country if we have seen a leader of such. He’s a leader who believes he would instill discipline in the system, because part of our problem is indiscipline.

to win Edo — Oyegun CONTINUED FROM PAGE 10

“Your excellency, I must put it on record that the great support that we got from all stakeholders in Edo State made our job a lot easier. I say so because they were forthcoming in their discussions with us which shows that they were all concerned and ready to ensure that there is unity in the state chapter of our great party to ensure the success of the party at the governorship election.

“It is our belief that if this report is looked into, and the recommendations well carried out, we can be assured of a united party while going into the next gubernatorial election in the state”, he stressed.

Oyegun had added that he was under pressure to act “but doing one thing or the other will almost certainly be interpreted from different groups to mean that I am for A or for B and it is something I had to avoid at all cost because at the end of the day, I am the I am, the referee of the match that will be played.

News 12

Daily Times Nigeria Thursday, May 19, 2016

NLC strike in shaky start across states Continued from page 1 However, the leadership of the NLC has expressed confidence that the nationwide indefinite strike would achieve its purpose.

“The strike commenced this morning as I speak to you and as we progress on the indefinite strike, it will expand itself,” Vice President of the NLC, Amechi Asugwuni, said on an early morning television programme on Wednesday.

Leaders of the Ayuba Wabba-faction of the NLC, which called the strike, and civil society coalition leaders staged a protest in Abuja, with the President of the Congress, in a speech, saying traumatized Nigerian masses cannot swallow ‘this poisonous economic pill’ of fuel price hike.

He said that lack of security, sabotage, corruption and mismanagement, not necessarily subsidies, were the most serious problems of Nigeria’s oil sector.

“Organised Labour believes that the President’s approach smirks cluelessness and incompetence in tackling identified problems. Nigerians say No to ineptitude,” he said.

According to him, Nigeria is the only OPEC country that imports refined petroleum products.

“Nigeria has been held hostage: Nigeria should have refining capacity for exports to accumulate fiscal reserve,” he added.

He reeled out the demands of Nigerians, represented by the Organized Labour, NLC and TUC, from the Federal

Government as: Restoration of the pump price of PMS at N86 per litre; Reversal of the 45 percent electricity tariff increase in February 2016 and provision of pre-paid meters and stop estimated billings; Rehabilitation of our refineries in Port Harcourt (1& 2), Warri and Port Harcourt and their upgrading.

The other demands are: construction of new refineries using recovered oil loot; investigation of the activities of the NNPC with corrupt officials including those involved in subsidy scams brought to justice; reconstitution of the Boards of the NNPC and PPPRA.

Strike in shaky start

In many states, like Bauchi, Yobe, Kano, Adamawa, Jigawa and Bayelsa, normal

activities were recorded on Wednesday, but in a few states Gombe and Plateau States where schools, banks and government offices were closed, the strike succeeded.

In Abuja, all government offices, banks, schools and markets remained open with workers at their duty posts.

Amid tight security, labour leaders, who marched from the federal secretariat, did not force people to comply with the strike order.

Strike is illegal – FG

The Federal Government on Wednesday insisted that the indefinite strike embarked upon by the organised labour is illegal.

Accordingly, it warned the Nigeria Labour Congress (NLC) and its affiliate bodies to be mindful of existing

labour laws and the court injunction obtained by the Ministry of Justice stopping the strike action.

The NLC and the civil society groups have called out their members to the streets to protest the recent hike in pump price of petrol from N86.5 to N145 per litre by the Federal Government.

But ahead of the strike scheduled to begin by midnight on Tuesday, the Federal Government, when it was obvious that labour would not back down on their de-

Continued on page 14

Metuh was paid from Jonathan’s N21bn campaign funds – Okupe Ï Witness: Badeh paid $6.2m in cash for Abuja house Andrew Orolua Abuja

ÎÎÎFormer

Oyo State Governor, Abiola Ajimobi (right) with cross section of stakeholders at a peace parley organised to defuse brewing tension between farmers and herdsmen over cattle grazing, in Ibadan... on Wednesday.

mand for the reversal of the new pump price, hurriedly obtained a court injunction restraining labour from embarking on the action.

Briefing State House correspondents after a meeting of the Federal Executive Council (FEC), Minister of Labour and Employment, Senator Chris Ngige, reminded Comrade Ayuba Wabbaled NLC that, aside from the court injunction, the existing labour laws did not support

Senior Special Assistant on Public Affairs to ex-President Goodluck Jonathan, Dr. Doyin Okupe said on Wednesday that the National Publicity Secretary of the Peoples Democratic Party (PDP), Olisa Metuh was paid N400m from funds raised for the 2015 Presidential Campaigns.

Okupe, gave this testimony at the trial of Metuh in an Abuja Federal High Court on allegations of receiving the sum of N400m from the office of former National Security Adviser (NSA), Colonel Sam-

bo Dasuki (rtd) through his company Destra Investment Ltd. This is as a witness, Barrister Useni Umar, who acted as the middleman in the purchase of a property worth $6.2million by the former Chief of Defence, Air Chief Marshal Alex Badeh (rtd), told the Federal High Court that the former Air Force Chief paid in two tranches in dollars for the property.

The witness on Wednesday corroborated the principal witness testimony that the property was located at No. 6, Ogun River Street, Maitama, Continued on page 14

Militants shift attacks to Bayelsa, bomb Agip gas pipeline Continued from page 1 Agip Oil Company, NAOC, at Egbembiri, Southern Ijaw Local Government Area of Bayelsa State.

This is even as a new militant group, Red Egbesu Water Lions, has surfaced in the Niger Delta region demanding the de-freezing of the bank accounts of exmilitant leader, Government Ekpemupol, alias Tompolo as well as release the leader of the IPOB, Nnamdi Kanu and former National Security Adviser, NSA, Col. Sambo Dasuki (rtd), while another, “Niger Delta Buffalos” has

issued oil companies operating in Akwa Ibom State a seven-day ultimatum to shut down operations or face destructive consequences.

A security source, who confirmed the blowing up of the Sagbama-Tuomo gas line, said: “Egbembiri is a border town between Bayelsa and Delta states. They destroyed the Ayama section of the Ogboinbiri-Tuomo gas pipeline with dynamites at about 9.00 pm on Tuesday. That line was earlier repaired, last week and again vandalised.” We, however, suspect that dispute over the surveillance contract led to the attack.”

The Agip pipeline links major oil facilities in Delta and Bayelsa States,” he added.

Meanwhile, the new militant group, Red Egbesu Water Lions, in a statement by its Creek Network Coordinator, “General” Torunanawei Latei, said it was teaming up with the Niger Delta Avengers and Indigenous People of Biafra (IPOB).

The group issued the Federal Government a seven-day ultimatum to direct the Economic and Financial Crimes Commission (EFCC) to defreeze the bank accounts of ex-militant leader, Govern-

ment Ekpemupol, alias Tompolo as well as release the leader of the IPOB, Nnamdi Kanu and former National Security Adviser, NSA, Col. Sambo Dasuki (rtd).

The group threatened to shut down all oil exploration activities in the Niger Delta at the expiration of the ultimatum, and demanded “unconditional immediate payment to victims of the Bonga Oil Spill and Chevron gas explosion in Koluama, Bayelsa State.”

Also, another militant group with the name, “Niger Delta Buffalos” has issued all Oil Companies operating in

Akwa Ibom State a seven-day ultimatum to shut down operations or face destructive consequences.

The group sent the notice through an email emanating from gadaffi@gmail.com, posted to the ink newspaper website on Monday signed by a certain General Mankiller.

According to the email, their demands includes an apology by President Buhari for the utterances he made recently, concerning the Niger Delta Avengers, another militant group who claimed responsibility for the attacks on oil installations in Rivers State recently.

They also demand President Buhari to convene a national sovereign conference with resource control as its main agenda. Other demands includes the relocation of Mobil Headquarters to the state and the declaration of how much is paid by the company as penalty for gas flaring and immediate release of such funds to the Core Oil Communities of the state.

“We will take it no further, the blatant abuse and neglect of our region by the Federal Government: we are giving Continued on page 14

Daily Times Nigeria Thursday, May 19, 2016

13

News 14

Daily Times Nigeria Thursday, May 19, 2016

NLC strike in shaky start across states Continued from page 12 the strike they had embarked upon.

Specifically, Ngige pointed out that section 40 of the labour law prescribed that workers on essential services must give a notice of not less that 15 days to their employers before they could embark on an industrial action.

According to him, the penalty for failure to observe that section of the law was N100,000 fine or six months in jail.

He announced, however, that government was still amenable to amicable resolution of the dispute with labour and the civil society groups.

Ngige also disclosed that the board of the Petroleum Products Pricing Regulatory Agency (PPPRA), which is one of the demands by labour, would be reconstituted in the next two weeks.

Nigeria is broke, says FG

Minister of Information and Culture, Alhaji Lai Mohammed, on Wednesday, summed up reasons for the increase in the pump price of fuel by the Federal Government, saying that the country was broke and needed to raise money to keep the system afloat.

Mohammed made the disclosure while briefing the State House Correspondents alongside his colleagues, the Attorney General of the Federation, AGF and Minister of Justice, Abubakar Malami and Minister of Power, Works and Housing, Mr. Babatunde Fashola and Labour Minister, Dr. Chris Ngigie at the end of the Federal Executive Council meeting, chaired by President Muhammadu Buhari.

He said: “The current problem is not really about subsidy removal. It is about that Nigeria is broke. Pure and simple! “It is like somebody who has been earning N100, 000 a month and he is faced with a situation where his employer says henceforth you will be earning N10,000

a month. He would need to make some very painful decisions and some very painful adjustments. That is the situation with Nigeria today.

Senate to interface with FG, NLC

Also on Wednesday, the Senate Wednesday resolved to interface with the Federal Government and the organised labour on an early resolution of the industrial action by a faction of the Nigeria Labour Congress (NLC) over the fuel price hike.

The upper chamber mandated its Committee on Labour to interface with both the Federal Government and the organised labour to ensure that issues that led to the strike are quickly resolved.

Deputy Senate President, Ike Ekweremadu, announced this after about 30 minutes closed session.

Ekweremadu said that the intervention of the Senate became necessary in order to find ways and means of resolving the issues that led to

the strike to avoid inflicting untold hardships on Nigerians.

Unions threaten Lagos Airport shutdown

Unions in the aviation industry Wednesday joined factional wing of the NLC, acting under the aegis of Joint Action Front to disrupt vehicular and passenger activities around the Lagos Airport as part of the strike protest.

The unions are the National Union of Airport Transport Employees (NUATE) and the Association of Senior Services Staff Association of Nigeria (ATSSSAN).

This was just as they threatened to shut down the Lagos Airport on Thursday, should government fail to reverse the increase in the pump price of Premium Motor Spirit (PMS), otherwise known as petrol.

Adelegan Solomon, vicepresident of the NLC, made the threat while addressing protesters at the MMIA. Solomon, who is also the

Traffic gridlock at Airport Road, Ikeja, Lagos as a result of strike declared by Nigeria Labour Congress (NLC) protesters… on Wednesday.

Photo: BOLAJI OLASUNKANMI

Militants shift attacks to Bayelsa, bomb Agip gas pipeline Continued from page 12 all Oil Companies in Akwa Ibom State a 7-day ultimatum to shut down operations until our demands are met.”

They also demanded for a memorandum of understanding (MOU) between the Oil Companies and the Core Oil Communities and that the Federal Government must declare how much it has collected so far as penalty from Mobil for disobeying

the gas flaring dateline and that such monies should be remitted to the State Government and paid directly to the people of the region.

Meanwhile, Bayelsa State Governor, Hon. Seriake Dickson, on Wednesday, warned that resurgence of violence and militancy in the Niger Delta region would only exacerbate the developmental and environmental problems in the region.

Dickson in a statement

signed by his Chief Press Secretary, Daniel IworisoMarkson, warned youths in the region against violence and destruction of national assets.

The statement said the governor who spoke during a meeting with heads of oil companies operating in the state, said peace and security was needed for sustainable development and prosperity in the region.

He condemned the kill-

ing of military personnel and pipeline vandalism and assured that government would arrest and prosecute persons behind the dastardly acts.

However, Dickson called on security agencies to exercise restraint in their quest to tackle the violence, assuring that his administration was working closely with community leaders and other stakeholders to bring the perpetrators to book.

president of the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees (AUCPTRE), urged Nigerians to unanimously reject the hike in fuel price.

According to him, the N145 per litre announced by the Petroleum Products Pricing Regulatory Agency (PPPRA) will further increase the suffering of ordinary Nigerians.

He noted that Air Traffic Controllers (ATCs) were members of AUCPTRE, adding that arrangements have been perfected to ground flight operations at the air-

port from Thursday.

“Today, few planes have taken-off and landed on this airport but by tomorrow, no plane will land or take off. It is operation occupy Lagos State,” Solomon said.

Also speaking, Nasir Fagge, president of the Academic Staff Union of Universities (ASUU), said Nigerians must remain united against the ruling class.

“We are convinced that what is going on now is a war of liberation,” he said.

“We in ASUU believe that any change that does not lead to transformation is underdevelopment.”

Metuh was paid from Jonathan’s N21bn campaign funds – Okupe Continued from page 12 Abuja.

According to Umar: “Badeh instructed that the sum of $6.2million dollars be released in two tranches within the period of two weeks for the purchase of the property located at no 6, Ogun River close Maitama, Abuja”.

He said that Badeh gave the instruction after they carried out a joint inspection on the property and “he was satisfied.”

But Okupe who was testifying in the Metuh case said he heard former President Jonathan hinting that he will instruct the payment to Metuh to enable him carry out his propositions for the enhancement of his negative public perception before the 2015 general election after a presentation with other consultants at the Villa in November 2014.

Being examined by Destra’s counsel, Tochukwu Onwugbufor (SAN), he recalled that the event was attended by some leaders of the party including Jonathan, ex-Vice President Namadi Sambo, former National Chairman of the party, Adamu Mu’azu, former Senate President, David Mark, former BOT chairman, Tony Aninih, and former governors Liyel Imoke and Peter Obi. He said as the leader of the party and its presidential candidate, the president enjoys tremendous goodwill, which he uses to support his political party. He added that the

goodwill was demonstrated at the fundraising ceremony organised at the Villa before the election where the sum of N21 billion, and sums from other private sources where raised.

“It is not all the time that the president as the leader of the party doles out money but when the need arises, the president uses his tremendous goodwill, which he has, to assist his party or help to execute special programmes that are aimed at improving the fortunes of the party and the government”, Okupe said.

“Besides, as the candidate for election, the president has immense capacity to raise funds as a candidate. And this was demonstrated by the amount of money the president was able to raise publicly at the fund raising ceremony in the villa. At that ceremony the sum of over N21bn was raised.

“Still there are some others who may not like the idea of public show of support. So at all times once the president has announced his intention and he had indeed become a candidate, substantial funds became available to him and such funds became available for deployment towards programmes that he feel will enhance his chances.

“It is natural that such payments (Metuh’s) would have come from the various amounts of money he has received as donations towards his campaign.

Continued on page 21

Daily Times Nigeria Thursday, May 19, 2016

15 Opinion

Nigeria at the cross roads

N Fr. Philip Paul Tah

igeria, as one nation, remains the hope of the African Continent, one that all of Africa has waited on for too long to lead the African renaissance. Several leaders have expressed this hope and frustration, past and present, including Nelson Mandela, Uhuru Kenyatta, Atta Mills etc. Our huge population, our geographical location, and multi-ethnic mix are all potentials we have failed to use to our advantage. It is time we started asking the right questions. What is wrong with Nigeria? What is wrong with her leadership? What is wrong with her citizens? Why has Nigeria failed to rise and be among the community of nations fifty-five years after her birth? Why do we keep electing or maybe accommodating leaders who are hardly ever prepared for the job or have the requisite skills to lead?

How do we account for the near, if not total collapse of our institutions, including but not limited to our judicial systems, our school system, our religious organisations, our infrastructure, medical systems, energy systems, and indeed the confidence

of an average Nigerian in our common ability to fix our problems?

We must admit that while there are no easy answers, these are questions we can no longer ignore or pass over. Now is the time to raise them, now is the time to engage the only country we have. I do not promise to proffer answers here; neither do I think we can tackle all these issues in a single article. I am only inviting us into what I will call “Operation fix Nigeria” as we prepare to start the New Year. We owe it to ourselves, our children deserve it, Africa is expecting it, and I am sure God is demanding it. There are no easy options, there never were. We just have to start acting now. In this edition, I hope to look at “Leadership, Attitude and the Biafran Model”. However, the first part of this article will focus on Leadership and Attitude with the second part focusing on the Biafran Model.

Leadership; I am amazed and I am sure you will be too, that ever since the days of Tafawa Balewa and Nnamdi Azikiwe, Nigeria has not been able to find a leader who could command respect around the world, inspire hope and confidence in Nigeria’s ability to lead Africa, articulate a vision to move Nigeria and the

rest of Africa from a “maintenance” to a “thriving economy”. We have toyed about with leaders whose best has been colossal failure. Over the last 50+ years, under leaders from all stripes, military and civilian, we have seen our infrastructure deteriorate beyond repairs, the quality of school system degenerate to unsustainable levels, the professionalism of our military, the police force, Church ministers damaged beyond redemption. Today, we can only remember with nostalgia, when we had land phones working in our homes, pipe borne water flowing into our homes or public taps, medical care available to most Nigerians, school system with well trained and qualified teachers. The question then is: how did we get here? What went so wrong with Nigeria? How did we lose an entire generation to mediocrity, incompetence and ineptitude? These are troubling times, with very worrying signs. We cannot pray ourselves out of this mess.

We cannot simply wish them away by outsourcing our responsibility to God. Miracles do happen. However, we must do our part as Nigerians, if God must do His. Leadership is not only about elected or appointed figures with

high positions of responsibility.

That only captures a narrow definition of leadership. Technically, everyone in whatever position is a leader, and ought to act as one, as long he/she has some influence in others’ life. Acting responsibly in that position and aiding others under one’s influence to do the same is what leadership from below represents. Change does not always start from above. Indeed real and enduring change, historically, has always started from below; from committed citizens who have had it and are ready to say, ‘ENOUGH”.

We have to grow up as citizens. Now, “growing up requires courage, it is a continuous process of exposing our vulnerable areas, areas where we have not developed mastery”. It involves embracing the dark and often uncomfortable realities we hate to admit even to ourselves.

It requires the radicalism to hold oneself and others accountable for our service to others. This is what Ira Chaleff calls “courageous followership”; being responsible and holding others responsible. This is leadership from below, leadership at its best. Sadly, this is a deficiency we must embrace and redeem for Nigeria’s survival and thriving.

When democratic rule becomes organised crime

F E.O. EKE

or years, I have argued that Nigeria is run like a criminal cartel with a president, president of the senate and governors who have enormous power of patronage and leverage to break the law.

The evidence emanating from the investigation of the last National security Adviser, NSA, Sambo Dasuki has revealed the moral bankruptcy and shear criminality of those who weld power in Nigeria.

I am not a fan of president Muhammadu Buhari. However, I must hasten to add that his fight against corruption has not been far reaching enough.

He is yet to show boldness and imagination in confronting the real big monsters behind corruption in Nigeria. The president must know that without extending the search light to Tinubu, Amaechi, Peter Odili, many ex governors and senators, Obasanjo and Babangida ‘s governments; and following it up with institutional reforms and legislations to plug the identified loop holes, many will see his effort as cosmetic.

It is not enough to target the past national security adviser. All past National security advisers and defence ministers, ministers of transport, Agriculture and all

the ministers of ministries, where billions were spent without visible result since 1984, must be probed.

The ease with which governors’ loot the state treasury must be addresses and renumeration of all politicians reviewed downwards to reflect the economic reality of Nigeria.

In a country where the monthly minimum wage is less than $100.00, outrageous, scandalous and criminal are not strong enough to describe governors earning five $5,000.00 a day as estacode for foreign trips, in addition to their salary allowances and security vote, while at the same time, retaining the power to approve such trips, its duration and authorise the payment.

Revelations show that Governor Oshimole approved for himself, a 17 day trip to the US, while in many schools in his state, children sit on the floor to learn.

It is therefore not surprising that many governors make more foreign trips than they visit schools and hospitals in their state. Foreign travel is another ingenious way to loot the treasury and impoverish the country.

In spite of evidence that successive senate presidents and speakers of house of representative have abused their office to enrich themselves through procurement of vehicles, houses for legislators and

bank loans on behalf of legislators, nothing has been done to stop this.

The current senate has budgeted more than N4 billion for cars for senators, that will be converted to personal property after four years.

How can that be morally justifiable in a country, where millions of youth roam the streets without jobs and the country lack basic infrastructure?

Sadly, reforms that will turn Nigeria into a fair and accountable democracy under the rule of law are not being pursued.

Why is there no attempt to reform the civil service so that civil servants can serve the state, rather than government in power? Why should governors retain the right to appoint permanent secretaries in face of what is known about how this arrangement aids corruption? When will Nigeria taken away from governors the right to appoint director generals or permanent secretaries?

In a country with the kind of problem Nigeria has, it is scandalous that in six months, the senate has not passed a single progressive legislation.

Instead, the senators are planning to criminalise free speech. By openly supporting the senate president in the criminal case brought against him and, voting to support the granting of immunity to its members,

the senate is saying that it supports criminality.

There is no reason why the people should not pass vote of no confidence on the senate and consider dissolving it. What one sees is a senate, which is genetically corrupt with majority of members, who are not fit for the position they occupy.

The recycling of ex governors as senators is another reason why the attempt to address corruption in Nigeria will fail. They have no other aim, but to escape prosecution for looting their states.

As the days go by, the government looks more and more like organised crime in action and Nigeria needs a new generation of leaders with moral compass, who understand how to build free, fair and accountable democratic society based on the rule of law to enhance peaceful coexistence.

What the Buhari administration must do, if indeed it is honest and sincere, is to set up a public judicial commission of inquiry into corruption and abuse of power in Nigeria so that lasting lessons can be learnt.

Without a strategic approach to the war on corruption, which draws from empirical evidence of what is known about corruption in Nigeria, the current effort will be another fire on a grass that will soon be stamped out.

16

Daily Times Nigeria Thursday, May 19, 2016

Believe in the Naira We dream of a Nigeria where the Naira will be a popular international currency of transaction, but it will continue to remain a dream when YOU choose to rely on foreign over Nigerian. Demand for foreign exchange weakens the Naira and weakens the economy.

That is why when you fly Arik Air to London Heathrow, New York JFK or Johannesburg, you demonstrate your belief and confidence in the Naira and in Nigerian. You are contributing to stimulating domestic growth and building a country we can all be proud of. #ArikAdvantage • 10 years of Safe and Reliable flying.

• 28 new, state-of-the-art aircraft.

• Fleet maintenance by world renowned Lufthansa Technik, Iberia & SAMCO. • Only West and Central African airline with a triple IOSA certification.

• Employ over 3,000 Nigerians.

• Unbeatable value to a network of 19 domestic destinations, 10 West and Central Africa destinations and 3 international destinations.

Fly Arik Air. Demonstrate your faith in the Naira.

a r i k a i r. c o m West and Central Africa’s Leading Airline

Daily Times Nigeria Thursday, May 19, 2016

17 News

IMAGES OF NLC STRIKE ON WEDNESDAY

L-R: Barr. Malachy Ugwumadu; Head, Industrial Relations and Organisation, NLC, Com. Emma Ugboaja and Ikechukwu Ikeji at Airport Road, Ikeja, Lagos.

NLC members protesting in Osun State

A cross section of protesters at Ikeja, Lagos

Chairman, NLC, Anambra State, Mr. Jerry Nnubia (4th left) and others in Awka.

Inscriptions at the NLC Abuja rally.

Members of the NLC, TUC and Joint Action Front in Ibadan.

Protesters in Benin, Edo State

Ever busy Ikorodu Express Way, Lagos a shadow of itself... on Wednesday PHOTOS: : BOLAJI OLASUNKANMI; TEMITOPE BALOGUN AND OLAWALE ROTIMI.

18

Daily Times Nigeria Thursday, May 19, 2016

Crime Æ s

Nigeria Customs Service FOU Zone ‘A’ releases first quarter report ÏL ƕƄ ƄƆƔƏƍƄ ƑƆƎ ƕƏƎƓ Ƌ Ɔƕ Ɛ ƉƏƄ ƅ ƐƄƍ MÕÕƢƊ

Some of the seized parboiled rice, others

Part of the seized vegetable oil

Joy Anyim The Nigeria Customs service FOU Zone ‘A’ has disclosed that goods with a Duty Paid Value (DPV) of N668,392,940.00 was seized in the first quarter of the year (January – April) 2016 by the unit.

The disclosure was made recently at a press statement issued by the unit. Also in the press statement, 42 suspects were said to have been arrested in connection with the seizures.

The Controller of the Unit, Comptroller Umar Mohammed Dahiru who gave the breakdown of seizures commodity by commodity said one 141 different seizures of rice totalling 8,148 bags of 50kg parboiled rice and 50 bags of 25kg with DPV of N53,124,500.00.

On the second item, the Controller stated that 112 different seizures of imported frozen poultry products, totaling 20,742 cartons with DPV N112,006,800.00 were seized during the same period.

On 24 kegs of 10 liters, one hundred and forty 140 cartons of kings oil, one hundred and twenty 120 pieces, 1,250 N18,788,400.00.

Dahiru further said 32 Units

of Vehicles, 12 cut buses with DPV of N87,210,000.00 and on general merchandise, 148 different seizures comprising of new and used textile materials, new and used foot wears, mosquito insecticide, spaghetti noodles, various soap and detergent, used tyres, narcotics, compressors, hard drugs, Indian hemp etc, with DPV of N397,263,240.00.

While making a comparative analysis of the 2016 first quarter report viz-a-viz the report of corresponding period of 2015, Comptroller Dahiru said that although the Unit intercepted 628 different seizures with a DPV N428,664,404.00 only.

It is obvious that the quality of seizures for the period 2016 is far higher than the corresponding period of 2015.

“This is an eloquent testimony to the fact that we are principally concerned about quality seizures as against inconsequential ones.”

He disclosed further that, “despite the harsh economic realities, the Unit was still able to demonstrate capacity in actualising the set objectives of the Service, particularly in enforcing the fiscal policies of the Federal Government of Nigeria.”

Furthermore, the Controller noted that the items were seized in line with sections 46 and 47 of the Customs & Excise

Comptroller Dahiru

‘‘This hostile approach is actually quite expected because of the growing desperation among smuggling kingpins to thwart the efforts of our operatives, using all available means, both conventional and unconventional methods. The Unit has remained undeterred and unshaken even in the face of this aggressiveness on the part of these smugglers and their collaborations.’’

Management Act CAP C45 LFN 2004, which are on ‘forfeiture of goods improperly imported’ as well as ‘penalty for improper importation of goods etcetera’, with attendant penalties.

On the operational challenges of the unit, the Dahiru said it is instructive to note that the successes recorded in this first quarter came as a result of the painstaking effort of the operatives. “This is in view of the fact that these smugglers are becoming more daring by the day and in most cases displaying uncommon courage and tenacity in challenging our operatives.

“This hostile approach is actually quite expected because of the growing desperation among smuggling kingpins to thwart the efforts of our operatives, using all available means, both conventional and unconventional methods. The Unit has remained undeterred and unshaken even in the face of this aggressiveness on the part of these smugglers and their collaborations.

“Beyond the issue of hostility are the challenges of ignorance by most community dwellers – inhabitants of these areas, who are mostly ‘crossers’ in local parlance; they feign ignorance of the existing laws on import and export. And this is why they engage in these nefarious activities, clearly ignorant of its socio-economic implications to the Nation’s economy and even to their wellbeing.”

Summarily the Controller emphasised that smuggling, just like scavenging is a global menace and that countries all over the world are constantly strategising on how to suppress it in their domain, using various methods. And that it is in view of this that the Federal Operations Unit Zone ‘A’, have keyed into the various strategies, including the use of ICT in gathering intelligence amongst others.

The Controller also expressed his deep appreciation for the immeasurable and unflinching support from the top echelon of the Service, personified by the Comptroller General of Customs, Retired Col. Hammed Ibrahim Ali and his able lieutenants which have led to remarkable results.

Daily Times Nigeria Thursday, May 19, 2016

Man stabs own twin brother to death Ïd Ɠ Ƅ Ɔ ƐƄƍƓ ƎƏƂƂ ƍ Joy Anyim It is a popular belief that when babies come as twins, they are often said to be closer and truthful to each other than normal siblings; but this belief was proved wrong on Monday morning as one Destiny Mfonabasi John stabbed his twin brother, Israel John to death on Olorunkemi Street in the Somolu area of Lagos State.

It was gathered that Destiny John, 22, from Akwa Ibom State and his brother who live in the same house with a friend named Christopher of the same address at Bariga, had on Sunday evening at about 11pm put on a generator set Destiny had bought newly and was celebrating.

The generator was left till the next morning when Destiny had woken up and for reasons best known to him, stabbed his twin brother to death.

After the act, Destiny was said to have fled to Ogunbadejo, a neighbouring street where his uncle, Mr. Akpan lives to inform him that there had been a fight and that his brother Israel sustained some injury.

The Daily Times gathered that Destiny stabbed the victim more than 70 times in different parts of the body on early on Monday morning.

The Akwa Ibom State indigene reportedly stabbed his brother in the neck, head, armpit and stomach and kept stabbing until he died.

Our correspondent gathered that Destiny fled to Ogunbadejo,

‘‘My brother was always making me spend money, he was in the habit of taking money from me all the time; he never wanted my progress as he was always dragging me down despite how hard I tried to make things work out well. He is very stubborn and never listened to me even when I advised him to stop keeping the wrong company.’’ a neighbouring street, to report to an uncle that his brother had sustained serious injuries during a fight.

The uncle and his wife had immediately followed him to the house around 7am, where they met a team of policemen from the Pedro division, removing the corpse.

Their roommate Christopher, under interrogation by the police at the time saw Destiny and his uncle and wife enter the compound and immediately pointed at Destiny as the culprit. He was subsequently arrested.

Christopher who was present at the scene of the crime tells how it all happened.

“My name is Christopher Edoho, I am from Akwa-Ibom state.

I and the twins live in the same room at No. 41 Olurunkemi Street Bariga. On the day of the incident which was on Sunday at about 11pm, we put on the generator, we were listening to music and even dancing that night.

“The generator was on till the next morning at about 6 am on Monday morning when I woke up to prepare for work. I was the first person who woke up and I left the room while both Destiny and Israel were asleep.

“I went out to take my bath and do some exercise. I however returned to the room at about 7 am.

On getting into the room, I saw

Destiny

Destiny, stabbing his brother Israel who was still lying on the bed with a knife. I was surprised and started shouting at Destiny I tried to stop him but he immediately dropped the knife and ran away.

“Israel was left in the pool of his own blood. By this time the neigbours around rushed to our room, we were all surprised. I

immediately rushed to their elder brother’s house that is called Samuel. When Samuel came, he was also surprised and called their uncle whose name is Akpan. The police was also alerted and I was taken to the station and my statement was obtained at Bariga Police Division.

When The Daily Times visited

19 Crime John Destiny who is now in detention at the State Criminal Investigation Department, it was obvious that he did not understand the implication of what he had done, as he was speaking as one who is not in his right senses, saying he did not kill his brother.

When asked why he stabbed his brother, Destiny said, “My brother was always making me spend money, he was in the habit of taking money from me all the time; he never wanted my progress as he was always dragging me down despite how hard I tried to make things work out well.

“He is very stubborn and never listened to me even when I advised him to stop keeping the wrong company.”

From his attitude, our correspondent asked the suspect if he was into drugs and he said yes. “I take cannabis.“ Samuel John, an elder brother to the twin who owned the restaurant where they worked said the two had never had such a serious fight.

“They are my younger brothers and they had never had any serious misunderstanding. I was even shocked when I was called and informed of Destiny stabbing his own twin brother to death.”

Our correspondent also contacted their Uncle Mr. Akpan Udoh who said, “I brought them to Lagos as the sons of my elder sister who is late. I brought them to sort for greener pasture. But this that has happened is just unbelievable; I am ashamed of what Destiny has turned into.”

The Police Public Relations Officer, SP Dolapo Badmos, confirmed the incident and added that the case will be charged to court soon for prosecution She said, “The suspect stabbed the victim to death while sleeping at about 6.30am on Olorunkemi Street, Bariga.

Three nabbed for gang-rapping a 16-yr-old girl Oguntade Ismaila

Akaniyene Ubong (Left) and Lasisi Ibrahim

A 16-years-old girl is under medical observation after three young men abducted and gang-raped her all night in Alakuko area of Lagos last week.

The victim (name withheld) who was brutally defiled was taken to Marabel Hospital where she is noe receiving treatment for the trauma and injuries she sustained in the hands of the gang.

The incident happened on Tuesday May 12 2016 at 22 Adejumo Street, Alakuko area in Ifako/Ijaiye Local Government Area of Lagos where the victim lives with her parents. The sus-

pects were identified as some of the idle youths who laze about the neighbourhood as street boys.

Following the dastardly act, the Police in Alakuko Division mounted a manhunt on the suspects and succeeded in arresting two out of three.

The two suspects are Sunday Lasisi Ibrahim (17), and 19-years-old Akaninyene Ubong; the third suspect is still at large but the police is combing the area for him.

The victim’s ordeal started after she was sent by her parents to buy foodstuff for the family around 9pm. Unknown to her, the suspects had laid ambush,

monitoring her movement around the area.

They reportedly pounced on her and dragged her into the darkness It was gathered the suspects warned her to cooperate with them otherwise they would kill her and bury her without anybody knowing what happened.

The victim complied out of fear and they raped her in turns to the early morning before the ran away.

When the victim returned to her house, her parents and their neighbours were already searching for her. The matter was reported to the police who CONTINUED ON PAGE 20

Crime 20

Daily Times Nigeria Thursday, May 19, 2016

I use my tricycle to convey guns for politicians, robbers – Suspect Ismaila Oguntade

The damaged End of Discussion belonging to the victim

Civilians cry out as uniformed men go wild in Jos Chijioke Kingsley, Jos Residents in Jos have cried out over the frequent abuse of civilians by men in uniform in the Plateau State Capital.

The latest call to curtail their excesses was made recently after a fight ensued between a civilian (name withheld) and a military personnel known only as DD John, a flight officer attached to the Joint Tax Force (JTF). The fight was said to have ensued at Spring Valley, a popular relaxation sport in the area.

An eyewitness account told our correspondent that four group of civilians came to the relaxation center to spend the evening. “While sipping their drinks, one young man sat close to them at a different table,

smoking and puffing directly to their face; unknown to them, the smoker was a military officer but was in mufti.

“When the fellows motioned on him to shift direction so as to stop puffing smoke on their faces, the officer stood up and slapped one of the civilians and, in retaliation, fight ensued, which led to the military personnel calling for reinforcement that led to a heavy show down at the relaxation spot that evening,” our source said.

In the process however, one of the civilian’s vehicle was smashed and badly damaged with the windshield broken beyond repairs.

The owner of the vehicle, who does not want his name in print, told The Daily Times that they have to scamper for safety when

the military officer called for reinforcement leaving his car behind.

However, when the soldiers could no longer find them, the military men allegedly descended on the red End of Discussion Honda, having identified it to belong to one of the cars of the fleeing civilians in the fight.

The Divisional Police Office (DPO) who is handling the matter at Anglo Jos Divisional Police Post said that the matter is still being investigated, assuring both parties that the Police is committed to restoring peace.

The spokesperson for the JTF, Captain Ikedichi Iweha, said he is yet to be briefed on the matter, but promised to communicate development to our correspondent in due time.

The Lagos State Police Command on the trail of armed robbers terrorising residents in parts of the state recently clamped down on a group of suspected armed robbery gang.

The lucky break came when the police arrested a man partially blind alleged to be involved in armed robbery. Curious as it sounds, but following his confession as a professional armourer for cultists and armed robbers in the state, five other members of his gang were arrested.

The suspect, 29-year-old Muyideen Ibrahim, a tricycle operator was arrested by operatives attached to the Federal Special Anti- Robbery Squad (FSARS) of the Lagos State Police Command alongside five other suspected members of his gang.

According to the police, Ibrahim and his gang were arrested with locally made pistols and live cartridges they allegedly use to rob residents in Lagos State.

Other members of the gang include Ramonu Sanusi, Rilawanu Ayinde , Sodiq Olaide and Kazeem Idris.

In his confession to the police, Ibrahim denied he is a member of any armed robbery gang but admitted he is a political thug employed by gangs in the state to use his tricycle to convey weapons for robbery gangs.

“I am not an armed robber, but I work as a political thug.

I use my keke Marwa (tricycle) to convey weapons for different robbery gangs in Lagos State.

Rape: These boys have killed me — mother CONTINUED FROM PAGE 19

took her to hospital and went after the suspects.

The mother of the victim Mrs. Makinde Oluwatobi, 36, a petty trader, narrated her shocking experience to our correspondent: “I sent my daughter to buy gari that night for the family to eat, not knowing she had been abducted. I searched for her all

the night but couldn’t see her. It was early the next morning that people came to call us that our daughter was found laying on the ground and bleeding. These boys have killed me; my daughter was treated like this.” She wailed.

The suspect Lasisi Ibrahim confessed that truly, they were three in number who slept with

the young girl.

“I know her very well in the area and she also knows me well too. I don’t know what came over me before I joined in the act. She is more or less my sister,” he claimed.

The case been transferred to the State Criminal Investigation Department Panti for further investigation.

Muyideen Ibrahim

The armed robbery gang members also belong to different cults and confraternities in Lagos State. These boys work for politicians who give them guns to intimidate and oppress their rivals particularly during elections.

“I am not part of that; I don’t kill or fire gun though I work for the politicians. Sometimes too I handle a gun to protect our politicians from harm and to scare their rivals. Most of the guns were given to us by politicians for their protection. We get the guns from some honourables at Onike, Yaba and they pay us at the end of the day for the job of protecting them.”

Ibrahim revealed that some politicians end up not retrieving the guns from them and in some cases, “we refuse to return the guns to them. Most of the thugs are cultists and they are from different confraternities, but during elections, the politicians use all of them for their support. One of such cultist and armed robber is known as Dagbe Ahmed. Dagbe was living with me, though I never knew he is an armed robber. I was arrested because the police got to know that he lives with me. Dagbe and I work for different politicians. I do not fight or kill like other thugs. I just operate my tricycle after elections to sustain myself and my family.”

Commissioner of Police, Lagos State, Mr. Fatai Owoseni said the police are on the trail of other members of the gang identified as Oshanleke and Sodiq Kashi and promised that they will be arrested soon.

Daily Times Nigeria Thursday, May 19, 2016

Continued from page 14 “After the publicity campaigns by Metuh, we got feedbacks from the public that the results of the campaign were favourable”, he added.

Under cross examination

by EFCC counsel, Sylvanus Tahir, the witness denied knowledge that the former NSA was the source of the money.

His words: “I have seen the payment mandate from the office of the former NSA to Destra but this thing does not make any meaning to me. I want you to explain what is?”

Earlier, a witness Collette Odenigbo, a technical consultant to the PDP spokesman, testified that Metuh told the committee investigating the office of the former NSA, that he was ready to make a refund if the source of the N400 million paid into his company’s account was proven not to be from the presidency.

Odenigbo, a US trained management consultant and former aide to former Imo State Governor Ikedi Ohakim, said he accompanied Metuh to the invitation of the ONSA sometime in November, 2015.

Being cross examined by defence counsel, Tochukwu Onwugbufor (SAN), the witness said at the ONSA, they were introduced to the committee and its chairman queried Metuh on the sum of N450 million remit-

Metuh was paid from Jonathan’s N21bn campaign funds –Okupe ted into his company, Destra Investments Ltd from the former NSA, retired Col. Dasuki.

He said Metuh explained to them that he was not aware of the N450 million from the NSA but the sum of N400 million from the office of President Goodluck Jonathan.

“Chief Metuh told the panel: ‘Are you aware that the former President raised campaign contributions and some of the money domiciled with the president?

“He told them that if the source of the money was not from the presidency, he was ready to refund it. He said he had no intention to defraud the federal government or anybody. They told him to go that they will get back to him. Shortly after he was arrested by the EFCC”, the witness said.

Justice Okon Abang adjourned the case to continue today.

But Umar who was testifying before the same Justice Abang told the court in the Badeh case that after he got an instruction from Air Commodore Salisu Abdullahi Yushau to get a beautiful edifice for a retiring home for Badeh, he inspected four properties together with Yushau.

Led in evidence by the prosecution counsel Rotimi Jacob (SAN) said: “when I got the instruction from Yushau, the first inspection was carried out between myself and Yushau.

“The second inspection was carried out between myself, Badeh and Yushau while the third and fourth inspection was a joint inspection between myself, Badeh, his wife, son by name Sam and Badeh’s daughter.

“It was after the joint inspection of the property that Badeh having been satisfied with the property at no. 6 Ogun River instructed that the sum of $6.2milion dollars be paid in two tranches for the property” he said.

Under cross examination by the defence counsel, Chief Akin Olujimi (SAN), the witness said that he did not state in his statement at the EFCC that they inspected four properties before Yushau picked the one on Ogun River street because he was giving a summary of his statement to the EFCC. On whether he was aware that Yushau had told the court in his testimony that they inspected only three properties, the witness said, he was telling the court what he knew about the transaction and not what Yushau told the court.

“I do not know that Yushau told the court that we inspected three properties, what I know is that we inspected four. The 1st inspection that we carried out was between myself and Yushau.

“I told the court what happened, my own side of

AJAYI JOHNSON GBENGA

ANORUE CHIMA NNAMDI

I, formerly known as JOHNSON GBENGA now wish to be known and addressed as AJAYI JOHNSON GBENGA. All former document remain valid, general public please take note.

I, formerly known as ANORUE CHIMA wish to be known and addressed as ANORUE CHIMA NNAMDI. All former document remain valid, general public please take note.

ANTHONY ODION EGUABOR

ANIMASHAUN TAJUDEEN ALADE

UDOSEN ESTHER DAVID I, formerly known as UDOSEN SANDRA DAVID now wish to be known and addressed as UDOSEN ESTHER DAVID. All former document remain valid, general public please take note.

I, formerly known and addressed as, T. A . Animashaun, now wish to be known and addressed as, Animashaun Tajudeen Alade. All former documents remains valid. General public should take note.

CORRECTION OF NAME That Adekeye Oluwaseun Adewumi And Olumide Seun Adekeye And Adekeye Olumide Adewumi Is The Same My Correct Name Is Adekeye Oluwaseun Adewumi All Former Documents Remain Valid General Public Should Take Note

21 News

the story, it was after the 4th joint inspection and all of them were happy with the property that Yushau gave me the go ahead to negotiate with the property owners.

“It was Yushau that gave me the go ahead to negotiate with the owners of the

property” he stated.

Chief Olujimi thereafter prayed the court for a day adjournment to enable him get the required materials for proper cross examination.

The anti-graft agency accused Badeh of using Nigerian Air Force fund to buy

and develop landed assets in Abuja for himself and two sons between January and December 2013.

Badeh who served as the Chief of Air Staff and later became the Chief of Defence Staff and retired from the military last year has denied the charges.

Rescued Chibok girl, Amina Ali, with her 4-month old baby Safiya in Damboa Local Government Area of Borno State… on Tuesday night.

ANAGHA ORIE GOODNESS

LISA OLOMOLA PAUL

I, formerly known as ANTHONY ODION BALDWIN wish to be known and addressed as ANTHONY ODION EGUABOR. All former document remain valid, general public please take note.

I, formerly known as SAMUEL GOODNESS IFEOMA now wish to be known and addressed as ANAGHA ORIE GOODNESS .

All former document remain valid, general public please take note.

I, formerly known as LISA OLOMOLA ADEYEMI wish to be known and addressed as LISA OLOMOLA PAUL. All former document remain valid, general public please take note.

I, formerly known as CHARLES AMAKA VICTORIA wish to be known and addressed as ONURAH CHIAMAKA VICTORIA. All former document remain valid, general public please take note.

MRS OLASEHINDE OLUWAKEMISOLA PRECIOUS

MRS SODIMU TEMITOPE LABAKE

IBRAHIM LUKMAN ADEDOYIN

KELANI IBRAHIM BABATUNDE

I, formerly known and addressed as, OGUNBIYI OLUWAKEMISOLA PRECIOUS, now wish to be known and addressed as, MRS OLASEHINDE OLUWAKEMISOLA PRECIOUS. All former documents remains valid.

General public should take note.

I, formerly known, called and addressed as MISS OLOYEDE TEMITOPE LABAKE now wish to be known called and addressed as MRS SODIMU TEMITOPE LABAKE. All former documents remain valid, Banks and the general public take note.

ISMAILA ABDULAHI DANJUMA

CONFIRMATION OF NAME That I Am The Same Person Bearing :Safariyu Ayinde kusimo and Safari kusimo and Safariyu kusimo All Former Documents Remain Valid General Public Should Take Note

I FORMALLY KNOWN AND ADDRESSED AS OMALE ISMAILA DANJUMA, NOW WISH TO BE KNOWN AND ADDRESSED AS ISMAILA ABDULAHI DANJUMA. ALL FORMER DOCUMENTS REMAIN VALID. GENERAL PUBLIC TAKE NOTE

CORRECTION OF NAME

CONFIRMATION OF NAME

That My Name Was Wrongly Written As Isiaka Ahmed Ishola My Correct Name Is Name Isiaka Hameed Ishola.

All Former Documents Remain Valid General Public Should Take Note

That I Am The Same Person Bearing Adekunjo Abosede Adunni And Abosede Adunni folorunsho now Wish To Be Addresse as Adewale Abosede Adunni All Former Documents Remain Valid General Public Should Take Note

ONURAH CHIAMAKA VICTORIA

I Formerly known and addressed as IBRAHEEM LOOKMAN ADEDOYIN now wish to be known and addressed as IBRAHIM LUKMAN ADEDOYIN All former documents remain valid, general public please take note.

I formerly known and addressed as OGUNSOLA IBRAHIM BABATUNDE. Now wish to be known and addressed as Mrs. KELANI IBRAHIM BABATUNDE All former documents remain valid, general public please take note.

ARIMI SODIQ I, formerly known as Salako Rafiu wish to be known and addressed as Arimi Sodiq. All former document remain valid, general public please take note.

ABIOLA OLUWAGBEMISOLA OJO

I, formerly known as MISS BIOLA BURAIMOH LAWAL wish to be known and addressed as ABIOLA OLUWAGBEMISOLA OJO. All former document remain valid, general public please take note.

Public Notice 22 ISLAMIC SOCIAL ENGINEERING AND EMPOWERMENT.

Daily Times Nigeria Thursday, May 19, 2016

UDO UNITED BROTHERS ASSOCIATION

NKPODU SOCIO-CULTURAL FORUM.

This is to inform the general public that the above named has applied for Registration to the Corporate Affairs Commission under Part “C” of the Companies and Allied Matters Act 1990.

THE GENERAL PUBLIC IS HEREBY NOTIFIED THAT THE ABOVE NAMED HAS APPLIED TO THE CORPORATE AFFAIRS COMMISSION FOR REGISTRATION UNDER PART “C” OF THE COMPANIES AND ALLIED MATTERS ACT 1990.

The general public is hereby notified that the above named Forum has applied to the Corporate Affairs Commission for Registration under part “C” of the Companies and Allied Matters Act 1990.

Trustees 1. Sogbesan Abdulfattah Adetola 2. Maryam Shehu Mohammed.

3. Ajijola Abdul-Hakeem Bolade dirisu.

4. Adamu Sani Isakoto.

5. Rukayat Oziama Salaudeen.

6. Lawal Ademola Abideen.

7. Abdullah Adeyanju Binuyo.

8. Alhaji Saka Salman.

THE TRUSTEES ARE: 1. CHIEF ISRAEL ONAH - CHAIRMAN 2. CHUKWUEMEKA ANOZIE 3. CHIEF OBINNA EZEOBA 4. AFODINKPA MICHAEL - SECRETARY 5. JOSEPH EDE 6. HAPPINESS ANIEKWE 7. SUNDAY ANIEKWE 8. CHIEF EMMANUEL OKAFOR - (TRADITIONAL PRIME MINISTER) 9. CHIEF OBINNA NWANERI

The Trustees are 1. Mr Emmanuel Nwachukwu 2. Mr Clement Okoli 3. Mr Basil Okafor 4. Mr Walter Okafor 5. Barr Ikemefuna Okekwe.

Aims 1. To develop the apacities of youths by building their spirituality, skills and morals .

THE AIM AND OBJECTIVE: 1. TO PROMOTE THE WELFARE OF MEMBERS

The Aim and Objectives: 1. To establish a viable association of Ukpor people of like minds that meets regularly 2. To foster love, social interaction, Progress and welfare of its members.

Any objection to the Registration should be forwarded to the Registrar general, Corporate Affairs Commission, Plot 420, Tigris Crescent, Off Aguiyi Ironsi Street, Maitama, Abuja within 28 days of this publication.

ANY OBJECTION TO THIS REGISTRATION SHOULD BE FORWARDED TO THE REGISTRAR GENERAL CORPORATE AFFAIRS COMMISSION, PLOT 420, TIGRIS CRESCENT, OFF AGUIYI IRONSI STREET, MAITAMA, ABUJA WITHIN 28 DAYS OF THIS PUBLICATION.

ANY OBJECTION TO THIS REGISTRATION SHOULD BE FORWARDED TO THE REGISTRAR GENERAL CORPORATE AFFAIRS COMMISSION, PLOT 420, TIGRIS CRESCENT, OFF AGUIYI IRONSI STREET, MAITAMA, ABUJA WITHIN 28 DAYS OF THIS PUBLICATION.

SIGNED:BARR.TAOFEEQ SALMAN OLUWATOYIN (08174701323)

SIGNED : SECRETARY

Signed: Triune partners

GLOBAL INITIATIVE FOR RAINING, ENLIGHTMENT AND DEVELOPMENT This is to inform the general public that the above named initiative has applied for Registration to the Corporate Affairs Commission under Part “C” of the Companies and Allied Matters Act 1990.

CHRIST TODAY GOSPEL CENTRE.

MOUNTAIN OF LIFE HEALING AND PROPHETIC MINISTRY

THIS IS TO INFORM THE GENERAL PUBLIC THAT THE ABOVE NAMED CHURCH HAS APPLIED TO THE CORPORATE AFFAIRS COMMISSION FOR REGISTRATION UNDER PART “C” OF THE COMPANIES AND ALLIED MATTERS ACT NO. 1 OF 1990.

The General Public is hereby notified that the above named MINISTRY has applied to the Corporate Affairs Commission for registration under Part “C” of the Companies and Allied Matters Act of 1990.

TRUSTEES 1. AJAYI TOPE. - CEO 2.TAIWO TITILOPE DEBORAH. -SECRETARY

THE TRUSTEES: (1).EDWARD POGAH, (2). EMUH CHIDI OSUYA, (3). ANTHONY POGAH.

Names of Trustees Are: (1) Moses Adamson - General Overseer (2) Kolu Sulbeni Season - Chairman (3) Uduevbo Humble Osime - Secretary (4) Momoh Maxwell - Treasurer (5) Edike Daniel - Member.

Aim and objectives 1. To promote the delivery of qualitative youth oriented education in Nigeria 2. To promote educational activities aimed at empowering the Nigerian populace and fostering the development of the world at large.

AIMS & OBJECTIVES: (1) TO FULFILLED THE CALL OF GOD IN MY LIFE. (2), TO PROCLAIM THE AGAPE & UNDILUTED GOODNEWS OF GOD. (3), AN AVENUE FOR JESUS CHRIST TO BE MAGNIFIED IN THE LIVES OF BELIEVERS.

Aims and Objectives: (1) Salvation (2) Prophetic Healing (3) Deliverance and Prosperity (4) Provision for special needs from time to time should the need be.

Any objection to the Registration should be forwarded to the Registrar general, Corporate Affairs Commission, Plot 420, Tigris Crescent, Off Aguiyi Ironsi Street, Maitama, Abuja within 28 days of this publication.

ANY OBJECTION TO THIS REGISTRATION SHOULD BE FORWARDED TO THE REGISTRAR OF CORPORATE AFFAIRS COMMISSION, PLOT 420, TIGRIS CRESCENT, OFF AGUIYI IRONSI STREET, MAITAMA, ABUJA WITHIN 28 DAYSOF THIS PUBLICATION.

Any objection to this registration should be forwarded to the Registrar General, Corporate Affairs Commission, Plot 420 Tigris Crescent, Maitama, Abuja within 28 days of this publication.

SIGNED: SECRETARY.

Signed: Nwosu Chinedu Sabinus Esq. (Solicitor)

Signed: AJAYI TOPE. CEO

ALFITROT ISLAMIC CENTRE FOR PREACHING AND GUIDANCE

CHRIST FOLLOWERS EVANGELICAL MINISTRY GOSHEN LAND

The general public is hereby notified that the above named has Applied to the Corporate Affairs Commission (CAC) for registration under part “C” of the Companies and Allied Matters Act 1 of 1990.

This is to inform the general public that the above named has applied for Registration to the Corporate Affairs Commission under Part “C” of the Companies and Allied Matters Act 1990.

THE TRUSTEES ARE: 1. ALH. ABDUL MAJEED ABDUL JABAAR AAL-IMAAM 2. ALH. MUHALY ABDUL JABAAR OKUNOLA 3. LATIFU SABITU AKANJI 4. NAFISAT ABDUL MAJEED

Trustees 1. PROPHETESS ESTHER OLUWAKEMI ADEBAYO - General overseer/President 2. SISTER OMOLARA CHRISTIANA OLOFA - Supervising Officer 3. MR. KAYODE PETER ADEDIRAN- Secretary 4. MR. JAMES GBADERO - Treasurer 5. MRS. ESTHER OMOWUMI AJIBOYE - PRO

AIMS: To propagate the religion of Islam.

Any objection to this registration should be forwarded to RegistrarGeneral Corporate Affairs Commission, Plot 420, Tigris Crescent off Aguiyi Ironsi Street, Maitama Abuja within 28 days from the date of this publication.

AIMS: To preach the gospel of our Lord Jesus Christ.

Any objection to the Registration should be forwarded to the Registrar general, Corporate Affairs Commission, Plot 420, Tigris Crescent, Off Aguiyi Ironsi Street, Maitama, Abuja within 28 days of this publication.

Signed: Trustees

Signed: Trustees

LOSS OF DOCUMENT

MRS. UKENYE VIVIAN CHIDINMA

This isto notify the general public of loss of documents belonging to Mr. Okoro Clement Reg. as 68/68/1622 & 47/47/1398 inrespect of Land situated at Plot 525 Independence Layout Enugu got lost. All effort to trace it proved abortive. If found

I, formerly known and addressed as, MISS. OKOCHA VIVIAN CHIDINMA, now wish to be known and addressed as, MRS. UKENYE VIVIAN CHIDINMA. All former documents remains valid. General public should take note.

CONFIRMATION OF NAME

SIMON CYRIL DUNA

THAT I AM THE SAME PERSON BEARING ADENIJI OLADIMEJI AND ADENIJI OLADIMEJI AKINMIYI AND ADENIJI OLADIMEJI JAMES ,ALL FORMFR DOCUMENTS REMAIN VALID GENERAL PUBLIC SHOULD TAKE NOTE

I, formerly known and addressed as, SIMON CYRIL DUNA ISHAKU MABALE, now wish to be known and addressed as, SIMON CYRIL DUNA. All former documents remains valid. General public should take note.

MRS. EPBABARI IGOCHUKWU BLESSING WALI

PATIENCE KINGSLEY ONUNGWE

EPE PROFESSIONAL WOMEN ASSOCIATION THIS IS TO INFORM THE GENERAL PUBLIC THAT THE ABOVE NAMED ASSOCIATION HAS APPLIED TO THE CORPORATE AFFAIRS COMMISSION FOR REGISTRATION UNDER PART “C” OF THE COMPANIES AND ALLIED MATTERS ACT NO. 1 OF 1990.

TRUSTEES 1.OLUSESAN TEMITOPE ISHMAIL 2.OLUFUNKE MOORE- CHAIRMAN 3.SHAFAU RUKAYAK IYABODE- SECRETARY 4.PRINCESS ADENIKE OPALEMO 5.TAIRU SARATU MODUPE 6.BOWALE SIDIKAT TOYIN. AIMS AND OBJECTIVES 1.To Improve the area known as EPE Division of Lagos state for the benefit of the inhabitant of the area.

2.To encourage/empower women to get involved in their communities to make a difference 3.To serve as formidable association for the benefit of the people of EPE Division.

ANY OBJECTION TO THIS REGISTRATION SHOULD BE FORWARDED TO THE REGISTRAR OF CORPORATE AFFAIRS COMMISSION, PLOT 420, TIGRIS CRESCENT, OFF AGUIYI IRONSI STREET, MAITAMA, ABUJA WITHIN 28 DAYSOF THIS PUBLICATION. SIGNED: SECRETARY.

SAULI IDOWU SANNI FOUNDATION The General Public is hereby notified that the above named INITIATIVE has applied to the Corporate Affairs Commission for registration under Part “C” of the Companies and Allied Matters Act of 1990.

TRUSTEES ARE. 1 MR ADELEKE SANNI - CHAIRMAN, 2 MRS IBIDUN .S.OLUSANYA 3 MRS BUKOLA MORDI 4 MR FARUQ ABBAS -SEC 5 MRS INGHA OMOLOLA ANDERSON 6 MR OLUWATOYOSI SANNI ,

NKPODU SOCIO-CULTURAL FORUM. The general public is hereby notified that the above named Forum has applied to the Corporate Affairs Commission for Registration under part “C” of the Companies and Allied Matters Act 1990.

The Trustees are 1. Mr Emmanuel Nwachukwu 2. Mr Clement Okoli 3. Mr Basil Okafor 4. Mr Walter Okafor 5. Barr Ikemefuna Okekwe.

AIM AND OBJECTIVE 1 PROVIDE FINACIAL ASSISTANCE TO INDIGENT AND BRILLIANT STUDENTS FOR THE PAYMENT OF THEIR SCHOOL FEES 2 PROVIIDE FINACIAL AND MATERIAL SUPPORT TO THE LESS PRIVILEGED IN THE SOCIETY

The Aim and Objectives: 1. To establish a viable association of Ukpor people of like minds that meets regularly 2. To foster love, social interaction, Progress and welfare of its members.

Any objection to this registration should be forwarded to the Registrar General, Corporate Affairs Commission, Plot 420 Tigris Crescent, Maitama, Abuja within 28 days of this publication.

ANY OBJECTION TO THIS REGISTRATION SHOULD BE FORWARDED TO THE REGISTRAR GENERAL CORPORATE AFFAIRS COMMISSION, PLOT 420, TIGRIS CRESCENT, OFF AGUIYI IRONSI STREET, MAITAMA, ABUJA WITHIN 28 DAYSOF THIS PUBLICATION.

SIGNED CHAIRMAN

Signed: Triune partners

WEALTH YENEI ME SAMUEL EKONG

OKORIE UKPABI HELEN I FORMALLY KNOWN AND ADDRESSED AS Olanrewaju Ukpabi Helen, NOW WISH TO BE KNOWN AND ADDRESSED AS Okorie Ukpabi Helen. ALL FORMER DOCUMENTS REMAIN VALID. GENERAL PUBLIC TAKE NOTE

MRS. ABAYOMI ADERINOLA IDOWU MARY

MRS. OLUWATOSIN ADEBOLA MOSES

I, formerly known and addressed as, MISS. EPBABARI BULO, now wish to be known and addressed as, MRS. EPBABARI IGOCHUKWU BLESSING WALI. All former documents remains valid.

General public should take note.

I, formerly known and addressed as, PATIENCE KINGSLEY DAUGHTER, now wish to be known and addressed as, PATIENCE KINGSLEY ONUNGWE. All former documents remains valid. General public should take note.

I, formerly known, called and addressed as NYENEI ME UMOH EKPEYOUNG now wish to be known called and addressed as WEALTH YENEI ME SAMUEL EKONG. All former documents remain valid, Banks and the general public take note.

KUA TERNENGE JOSEPH

EMEKA CALISTA ONYIYECHI

MRS. MOFFAT MARY NMA

GEORGE AMAKA BENEDETH

SHITTU MURITALA ADEKUNLE

OKAFOR AUSTIN ARINZE

I, formerly known and addressed as, KUA TERNENGE SIMON, now wish to be known and addressed as, KUA TERNENGE JOSEPH. All former documents remains valid. General public should take note.

I, formerly known and addressed as, ALAO GIFT ONYIYECHI, now wish to be known and addressed as, EMEKA CALISTA ONYIYECHI. All former documents remains valid. General public should take note.

I, formerly known and addressed as, MISS. NWATOR MARY NMA, now wish to be known and addressed as, MRS. MOFFAT MARY NMA. All former documents remains valid. General public should take note.

I, formerly known and addressed as, AMAKA OGBU, now wish to be known and addressed as, GEORGE AMAKA BENEDETH. All former documents remains valid. General public should take note.

I, formerly known as SHITTU YUSUF ALHAJI wish to be known and addressed as SHITTU MURITALA ADEKUNLE. All former document remain valid, general public please take note.

I, formerly known as OKAFOR ARINZE OBIORA wish to be known and addressed as OKAFOR AUSTIN ARINZE. All former document remain valid, general public please take note.

I Formerly known and addressed as Miss. AOFOLAJUWONLO ADERINOLA MARY now wish to be known and addressed as Mrs. ABAYOMI ADERINOLA IDOWU MARY All former documents remain valid, general public please take note.

I formerly known and addressed as OLUWATOSIN ADEBOLA FAMORIYO. Now wish to be known and addressed as Mrs. OLUWATOSIN ADEBOLA MOSES All former documents remain valid, general public please take note.

Daily Times Nigeria Thursday, May 19, 2016

23 News

N L C N AT I O N W I D E S T R I K E

Strike fails in Lagos as NLC, groups march on airport road …Block roads leading to airport …Passengers, commuters trek to terminals, destinations …Threaten to shut down Lagos Airport completely …As FAAN assures passengers of adequate services Chukwuemeke Iwelunmo

ÏÏÏMembers

of the Nigerian Labour Congress (NLC) belonging to the Comrade Ayuba Wabba-led faction and Civil Society Organisations,

on Wednesday, blocked the road leading to the Murtala Muhammed Airport (MMA), Lagos, at the Ikeja end resulting in heavy gridlock, thereby leaving air travellers, commuters and motorists stranded. Generally,

the strike was not a success in the state.

The road which was blocked for about six hours affected the free flow of traffic, while intending air passengers had to alight from their vehicles and trekked to

their various terminals.

The blockade and protest is in fulfillment of the threat by the Comrade Wabba Ayuba faction of the NLC to go ahead with the nationwide strike after talks with the Federal Government broke down.

The NLC, the National Union of Air Transport Employees (NUATE), and other civil society groups gathered at the roundabout close to Forte Oil and Arik Air, where they sang

solidarity songs and made antiFederal Government speeches as it concerns the hike in petrol pump price from N86 to N145 per litre.

At the scene of the protest, no fewer than 10 Police vehicles, which brought in policemen from both the Airport Police Command and beyond were seen monitoring the protesting groups.

Some of the groups that were at the Lagos Airport with the NLC, include, Joint Action Front (JAF), Academic Staff Union of University (ASSU), Committee for the Defence of Human Rights (CDHR) among others.

Speaking at the protest, the Secretary, JAF, Comrade Abiodun Aremu, stated that the strike action embarked on by labour and other groups is to

Low compliance witnessed in Ebonyi Jacob Ogodo Abakaliki

ÏÏÏThere was low compliance

NLC protest in Asaba, Delta State… on Wednesday.

Strike failed in Kano Yakubu Salisu Kano ÏÏÏ The strike action embarked

upon by the Nigeria Labour Congress (NLC) appeared to be ineffective in Kano, as banks, markets, schools and other offices have continued with their daily activities.

Observation shows that all markets in the state remained open on Wednesday. It could be recalled that the state’s market leaders have earlier announced that they won’t take part in the industrial action.

Public and private Schools in the state, including tertiary institutions remains open as academic activities continues without any hitches.

Residents of Kano interviewed on the recent development, shared almost same opinion as majority were of the view that the strike was not necessary.

Strike partially successful in Edo Titus Akhigbe Benin

ÏÏÏThe nationwide strike declared by the Nigeria Labour Congress (NLC), on Wednesday, was partially successful in Edo State as the state public service workers stayed away from their offices in obedience to the directive of the state council of the union which asked the workers and others to stay at home.

However, it was observed by Daily Times correspondent who monitored the strike action that banks, Courts and some public schools were opened for business, even as federal parastatals and agen-

cies in the state also opened for business.

Commercial activities in Benin went on as usual, as markets and other commercial outlets opened for business just as taxi and bus drivers were in operation throughout the day.

Meanwhile, the State Chairman of NLC, Comrade Emmanuel Ademokun, led some members of the Congress and Civil Society groups to enforce the strike and had earlier in the day matched from their Secretariat at James Watt, off Mission Road, and went through the King’s Square (Ring Road) to Sapele Road.

on Wednesday with the directive of Nigeria Labour Congress (NLC) in Ebonyi state, as some of the government offices were open for activities while few offices were under locks.

Offices including the federal secretariat at Nnorom Street, Abakaliki, and others mostly federal owned offices were among the few under lock as workers were seen waiting outside, discussing in groups.

Media houses in the state, such as the state owned radio and television stations, Nigeria Television Authority and Unity FM, have been shut down reportedly

by Labour task force.

When our Correspondent visited Ebonyi State High Court premises, it was observed there was no court sitting, as according to one of the staff, who said, “we just received labour circular this morning directing us to proceed on strike and as you can see no court is sitting”.

Meanwhile, there was confusion in the state as the Nigeria Labour Congress (NLC) and another group under the aegis of Junior Labour Union issued a counter statement dissociating themselves from the strike.

It was gathered that the State Chairman of NLC in the state, Comrade Ikechukwu Nwafor, had on Monday declared that the ongoing strike by the union and the Trade Union Congress (TUC), would be total in the state.

NLC, CSOs join strike in Anambra Nkiru Nwagbo Awka

ÏÏÏThe Nigerian Labour Con-

gress (NLC), Anambra chapter, and Coalition of Civil Societies on Wednesday, joined the industrial action declared by their national leadership of the NLC. A ruling of the Industrial Court of Arbitration had on May 17, restrained the NLC from embarking on the threatened indefinite strike which was meant to protest the increase on the pump price of petrol from N86.5 to N145 per litre.

Chairman of the NLC in Anambra, Mr. Jerry Nnubia, on rising from a closed door meeting of State Executive Council of Labour unions and civil society at the NULGE secretariat, Awka, disclosed the position of Anambra Labour union.

Nnubia said the decision was

in line with directive from the national headquarters of the union, threatening that it would be total.

He directed workers to stay away from public office, adding that the union would commence picketing on Thursday.

He said the labour demanded that the Federal Government revert the price of petrol to the N86 and N86.50 regime before entering into negotiation with stakeholders.

According to the Chairman, “For us, we are a democracy and we deserve to be carried along, if there is need for increase in pump price there should be consultation.

“We expect that the Federal Government should focus on fulfilling their campaign promises reducing poverty, unemployment, inflation and not increasing electricity bill and petrol price.”

News 24

Daily Times Nigeria Thursday, May 19, 2016

N L C N AT I O N W I D E S T R I K E Shun NLC strike, Edo tells workers .To enforce ‘no work, no pay’ ÏÏÏEdo State government has directed workers in the state Public Service to shun the strike action embarked upon by the Nigeria Labour Congress (NLC) and stay at their duty posts, warning that any worker who shuns work under the guise of strike will forfeit his or her pay.

The government, in a statement by the Head of Service, Mrs. Gladys Idahor, said “all workers are expected to be at their duty posts. Any worker who stays away from work will forfeit his or her pay as ‘no work, no pay’ will be strictly enforced.

“All public schools and institutions are expected to

remain open as school is in session.

“Heads of Departments and Parastatals are directed to keep records of workers’ attendance for further action.”

Workers in Edo State Public Service should be aware that the current strike embarked upon by the NLC is illegal as the National Industrial Court had issued a restraining order on the strike.

FCT minister begs Labour to shelve strike Idu Jude Abuja

ÏÏÏAs

the Nigeria Labour Congress (NLC) kick starts industrial strike action Wednesday, the FCT Minister, Malam Muhammad Musa Bello has appealed to the organised labour to shelve the proposed nationwide strike in the interest of the nation.

The Minister, who made this appeal in his office, reiterated that present situation does not call for strike as the country is presently passing through economic challenges.

His words: “I will like to appeal to the labour leaders to listen to the appeals from the generality of the people that it is not the time to strike in Nigeria because we all

know what our dear country is going through economically.”

According to him, “we all know what the present administration under the leadership of President Muhammadu Buhari is doing to ensure that we get out of the economic challenges we are facing, which really is as a result of factors that arose totally beyond the control of everyone in government now, including the citizens.”

Malam Bello remarked that the Minister of State for Petroleum, during his interactive session with the members of the House of Representatives, had explained the rationale behind the hike and all the reasons were definitely very convincing as they are a reflection of reality on ground.

Labour protest under heavy security surveillance in FCT Idu Jude Abuja

ÏÏÏDespite late night warning

L-R: Chief Okongor Bachot; DSP Ndarake Neji (rtd); General Manager, British-American Tobacco Nigerian Foundation (BATNF), Abimbola Okoya; Hon. Lawrence Takor; Chief Jumbo Takon at the commissioning and handover ceremony of the Solar Powered Borehole at Akparabong community, Ikom Local Government Area of Cross River State by BATN Foundation… on Wednesday.

Bankers, artisans defy NLC order in Oyo

Remi Oladoye Ibadan

ÏÏÏBusiness activities in banks

and many privately owned businesses in Ibadan, the state capital of Oyo State, were in full operation on Wednesday, against the order of a faction of the Nigeria Labour Congress (NLC) in demanding for the reversal of the price of the Premium Motor Spirit (PMS), popularly known as petrol.

Comrade Ayuba Waba led fac-

tion of the NLC had in Abuja order all workers to embark on nationwide strike to demand for the immediate reversal of the pump price from N145 to the initial N86.50, while the factional President, Comrade Joe Ajaero-led faction order workers to remain calm and go about their normal work without any hindrances.

Banks operations and activities in major markets, artisans’s shops, private schools and other privately owned businesses were running smoothly, while hun-

dreds of members of NLC were demonstrating round the state capital.

Pupils of public schools were sent back home while their counterpart in private schools stay back in school premises for the day activities.

There were scanty operations at both the state and federal government offices as many workers did not show up at their offices, while those who were at work did not do any serious work.

Labour unions cripple business activities in Delta Nosa Ogiugo Asaba

ÏÏÏBusiness activities includ-

ing government owned offices were on Wednesday shut down

by Labour Unions in Delta State, who defiled the National Industrial Court which restrained the Nigeria Labour Congress (NLC) from going ahead with its planned strike action over hike

in fuel.

The protest recorded in Warri, Ughelli, and other major cities in the state, started in the early hours in Asaba where the unionists in large numbers took to the streets, armed with placards: “We need a change in fuel price, the increase is too much for Nigerians, we say no to fuel increase”.

Popular Ogbeogonogo Market in Asaba was shut down, includ-

ing petrol stations along Nnebisi Road where the Labour Union protesters marched through with long vehicle filled with musical equipment entertaining on lookers with “Nigeria Jagaga”, popular Idris Abdulkarim song over the years.

The Unionists in solidarity songs called on federal government to rescind its decision on fuel increase to N145 or face continued industrial strike action.

by the Federal Government to the Nigerian workers, not stay out of their normal routine duties, thousands of labour leaders and civil servants in the Federal Capital Territory, Wednesday, took to the streets in protest against the Federal Government removal of fuel subsidy, which led to fuel price hike from N87 to N145.

The protest, which began as at eight o’clock Wednesday morning, saw heavy equipped security men from the police, the army,

DSS and civil defence corps, as well as other security outfits, with the denial of the labour union having access to the Eagle square to perform its traditional ritual addressing its members.

While addressing faithful members who trooped out to perform the protest outside the Eagle square, the president of the Nigeria Labour Congress, Comrade Ayuba waba, told the Nigerian workers not to tarry over the threat of the Federal Government as the country belong to them as citizens, stressing that the federal government under Muhammadu Buhari, has failed to shift ground on the grey areas presented by the labour union.

NLC shuts down A’ Ibom secretariat Paulinus Nta Uyo

ÏÏÏThe Akwa Ibom State secre-

tariat, on Wednesday, resembled a graveyard after officials of the Nigerian Labour Congress (NLC) and the Nigerian Union of Teachers (NUT), locked the Idongesit Nkanga Secretariat, ordering all civil servants to vacate the premises.

To this end, members of the public, who had one thing or the other to do at the secretariat,

were stranded.

At the ministry of works, the commissioner, who is the cousin of the state governor, Mr. Ephraim Inyang, ordered all staff of the ministry to come to work or be fired, but when officials of NLC stormed the premises, the staff of the ministry took to their hills and vacated the ministry.

When our correspondent visited the capital city, public schools and other public parastatals were closed.

Strike shuts private, govt sectors in Plateau Chijioke Kingsley Jos

ÏÏÏThe strike action embarked

upon by the Nigerian Labour Congress (NLC) over the fuel subsidy removal, on Wednesday, paralysed business and commercial activities in Jos and Bukuru Axis of Plateau state.

Our correspondent who visited some parts of the town observed that most banks and com-

mercial business centres in the state did not render services to customers.

However, some Union members who spoke to our correspondent accused the Federal Government for fractionalising NLC in order to score cheap political gains, but vow that labour will stop at nothing to see that the common man is protected from the anti-people policies of government.

Daily Times Nigeria Thursday, May 19, 2016

25 Opinion

I oppose the strike but…

ÏÏÏ

Nigerian Labour Congress’s principal wing has called for a nationwide strike to oppose and resist the increase in fuel price by a whopping margin of 65%, that is, from about 86 naira to 145 naira. I understand the sentiment of labour, not in what they have argued per se but in the dire consequence of such a monumental increase on inflation and the welfare of the most vulnerable in society, particularly unemployed youths, majority of women and children. However, in the overall interest of these same marginalised folks, IT IS GOOD FOR SUBSIDY REGIME TO GO. It is also good for the downstream petroleum sector to be fully deregulated. I therefore hope that government will immediately commence the unbundling and privatization of NNPC as this is a sine qua non to any one believing in the existence of deregulation: government is not a business man and should not be in business but should be the overall regulator of all and not a market participant, be in petroleum or any other sector..

In the last six weeks in this column, we have been discussing management

of petroleum refining, specifically, grassroots refining. Now is the time to argue, for the umpteenth time and if we are serious about deregulation that we must now work towards the legitimisation of grassroots refining carried out by families and other small scale players in the industry who are currently tagged and categorised as illegitimate refineries.

These refineries are run by hundreds of operators, from the creeks all the way into Northern Nigeria, all along the petroleum pipelines, which is the source of their primary raw materials, crude oil, which crude is meant, originally, for the three big ‘legal’ refineries in Port-Harcourt, Warri and Kaduna.

Permit me to repeat my previous prayers along the above line of legitimisation of local grassroots refineries. Our prognosis is that President Muhammadu Buhari should, one, decriminalise ordinary local/grassroots/rural/ creek people’s refining of crude into motor spirits and other petroleum products.

That government should stop throwing the baby out with the water. These local grassroots refiners who use local technology should be seen and recognised as

ingenious, not criminals.

Two, government should supply them with crude oil. Not for free, but at a cost close enough to the amount we supply big local legal refineries in Warri, Port-Harcourt and Kaduna.

These local/grassroots refiners would pay. They can pay. Theirs is a lucrative business and money-driven.

So they can afford the cost of the crude oil, which is the raw material of the small scale refineries.

Three, government should encourage them to unionise, for discipline and best practice as well as for the purpose of their preventing further pipeline vandalisation. They are on ground: they know who is vandalizing or who is capable of vandalizing pipelines. Once you make these potential heroes of our petroleum economy legitimates, they will monitor and secure the pipelines free of charge. If we don’t legitimize them, we continue to make it more and more impossible to secure the pipelines, especially in the creeks and deep forests, North and South of Nigeria. Four, aggressively increase the number of these grassroots local petroleum refiners and help them to improve on their existing technology, which costs nothing to the government. Instead of shutting them down in hundreds, let us increase them in thousands. I am envisaging increasing them to at least 100,000, each capable of producing 2,000 litres (10 drums) of motor fuel a day. That is, altogether, 200,000,000 million litres, daily, more than quadruple Nigeria’s current daily

W E A T H E R ABUJA

ASABA

LAgOS

Low 24°C High 37°C

Low 25°C High 36°C

Low 25°C High 34°C

KADUNA

IBADAN

ILORIN

Low 24°C High 34°C

Low 23°C High 36°C

Low 24°C High 36°C

Activists protesting new fuel pump price on Wednesday

need. We can export the rest.

Each grassroots refinery producing 2,000 litres has a turnover of not less than 100,000 naira a day and 36,500,000 naira a year per refinery. At a production wage bill of 10%, that is 3,650,000 naira in new jobs and taxable incomes per refinery. On a wage bill of 25,000 naira per month, which is far more than the current national minimum wage of 18,000 naira, each decriminalised grassroots refinery can employ about 15 young Nigerians each.

If government accepts our proposal/suggestion to increase the number of these local grassroots petroleum refiners to 100,000 this year 2016, that is 1,500,000 (one million five hundred thousand) youths taken off the labour markets. Nigerians and Africans are communal.

If you provide jobs for 1.5 million Nigerians, you would have fed 15 million people. You would have also

created a multiplier effect for the economy, because most of the incomes of this grassroots indigenous petroleum workers will be invested back into the local economy. Add to this the taxes that would be paid by these local petroleum workers, which, at just 10%, would bring into government coffers not less than N365, 000,000,000 (three hundred and sixty five billion naira) minimum, in taxes, to various governments in the country.

In part one of this article and in this part two, we have set the stage for the main thrust of our argument, to wit and specifically, that our government and law makers should make an urgent legal/regulatory reform to make it possible for the Department of Petroleum Resources (DPR), Nigeria’s petroleum regulatory agency, to implement the above suggestions. I believe that from our analysis and submissions so far, we have

proven the case for law and regulatory reform in the petroleum upstream sector.

We only need to reiterate that if the above steps are taken, that is, if the hitherto illegal grassroots refineries are legalised, multiplied, unionised and supplied with crude oil, it will translate to billions of naira in new taxes to government at all levels.

This is in addition to its ensuring and assuring security of petroleum pipelines at little or no cost to government.

As I had also argued in the past, after the above suggestions have been implemented, the few true criminals, vandals, would emerge and be isolated for prosecution and incapacitation as majority of legitimate grassroots petroleum refiners would naturally embrace the proposed new legal regime that would have legitimised them.

R E P O R T KANO Low 29 °C High 41°C

BENIN CITY Low 15°C High 23 °C

P/HARCOURT Low 23°C High 34 °C

CALABAR Low 26°C High 38°C

ENUgU Low 25°C High 35°C

WARRI Low 25°C High 35°C

26

Daily Times Nigeria Thursday, May 19, 2016

Health Æ s ƾƠơÕ ƑƗ ƆƐë z y Ƌ ƑƗ 01 Ƈ Ə ƋƋ ƅ Ɛƈ MơƾêÕƄ Ƈ Ə ƈƌƌƑ ƈ Ɛƈ

Dr. Wonodi

A non-governmental organisation, Women Advocates for Vaccines Access (WAVA) has lauded the Federal Government for the allocation of N12.6 billion in the 2016 budget for vaccines, devices and operations programmes for polio, measles and other vaccines preventable diseases.

In a statement signed by the convener of the NGO, Dr Chizoba Wonodi, she said the budgetary al-

location is a commendable step as Nigeria works to sustain the progress made towards polio eradication and closing the immunization gap.

“We are pleased that the National Assembly granted the request we made to preserve the routine immunisation budget during an interactive session with its leadership on the 2016 Budget Proposal.

We had as well followed up with public sensitization on radio and

social media on the need for sufficient budgetary allocation for vaccines in 2016.

“We call on the Ministry of Finance to ensure timely release of the fund and urge the National Primary Health Care Development Agency (NPHCDA) to ensure efficient utilization of the approved budget,” she said.

Addong, Wonodi said as Nigeria has started an exit transition from GAVI funding support, it im-

Continued on page 27

Continued on page 27

z6R ƏƆƅ ƌƌƆ Ɨ ƐƏƆ ƐƌƆ Ɛ Ƈ ƗƆƍƏƆ ƈ è ƔƈƆƐƕ Ɨƈ ƏƗƆƏ Ƈ Ə Ɠ ƌƆ Ƌƈƒƈ ƓƈƐ 01L

E Ɠ ƕ ƑƏ ` Ɔ Ƒ Ƈ ƅƐ Əè Ɔ ƐƕƍƆè M1R ƑƏ Ɔ Mƈ ƆƏƈ A non-governmental organisation, Rhesus Solution Initiative (RSI) has urged Nigerians to know their Rhesus factor status, genotype and blood group in order to put an end to the incidences of maternal and infant mortality in the country.

Rhesus (Rh) factor is an inherited protein found on the surface of red blood cells. If your blood has the protein, you’re Rh positive. If your blood lacks the protein, you’re Rh negative.

Rh positive is the most common blood type.

According to the World Health Organisation (WHO), Nigeria is the second largest contributor to the under–five and maternal mortality rate in the world.

As part of the awareness strategies, RSI organised a road walk from Isheri roundabout to Igando/Ikotun Local Council Development Area (LCDA), Lagos at the weekend to sensitize the public on the importance of knowing their blood group, Rhesus status and genotype.

Speaking to newsmen after the walk, Founder/President of the NGO, Mrs Olufunmilayo Banire said, with more awareness on rhesus factor and its incompatibility, the incidence of infant mortality will be re-

plies that the government’s share of the cost of vaccine procurement and storage will increase progressively.

“The Nigerian Country MidYear Plan (cMYP) analysis shows that the government is required to budget a minimum of N14 billion in 2017 and N40 billion in 2020; thereafter, an average of N52 billion will be required every year.

The World Health Organisation (WHO) has recommended treating obstetric complications, depression and anxiety disorders; attention to female sexual health such as counselling, and the provision of information and education for more than 200 million girls and women worldwide living with female genital mutilation (FGM).

Female genital mutilation (FGM) describes all procedures that involve the partial or total removal of external genitalia or other injury to the female genital ^ ƏƐƈƅƈƍ Ɛ Ɛ Ɛ Ɔ Ɠ ƏƆ Ɔ Ɠ ƋƊ Ƈ Ə ƋƈƇƆ ` Ɔ Ƒ Ƈ ƅƐ Ə Ə ƈ ƆƗ Ƅƕ ` Ɔ Ƒ d ƋƑƐƈ 9 ƈƐƈ ƐƈƒƆ Ɛ Ɛ Ɔ ƓƆƆƊƆ Ɨ ƈ G

Continued on page 27

Nigeria loses 800,000 children under five years annually

Ï6 ƋƇ Ƈ Ɛ Ɔ Ɔ ƗƆ Ɛ ƒƆ ƌ Ƌ ƑƐƏƈƐƈ Ɛ Ɔ Ƒ ƗƆƏƋƕƈ ƅ Ƒ Ɔ Stories by Lara Adejoro In Nigeria, about 12.3million children suffer from chronic malnutrition, out of which 300,000 are at risk of dying. For those that survive, reaching their full potential becomes an uphill struggle.

Malnutrition including undernutrition and micronutrient deficiencies (Vitamin A deficiency, Iron deficiency, Iodine deficiency disorder and Zinc deficiency) remains a major problem of

public health significance in Nigeria.

The 2015 National Nutrition and Health Survey indicates that 19.4 per cent of children under the age of 5 in Nigeria are underweight, 32.9 per cent are stunted and 7.2 per cent are wasted.

These have far-reaching effects on individuals and impede the economic development of nations.

However, the deficiencies can be effectively tackled through

food fortification.

Food fortication is defined by the World Health Organisation (WHO) as “the practice of deliberately increasing the content of an essential micronutrient, i.e. vitamins and minerals (including trace elements) in food irrespective of whether the nutrients were originally in the food before processing or not, so as to improve the nutritional quality of the food supply and to provide a public health benefit with minimal risk to health.”

In a bid to reduce the undesirable impact of malnutrition and sustain the food fortification programme in Nigeria, the Global Alliance for Improved Nutrition (GAIN) in collaboration with the National Agency for Food Drug Administration and Control (NAFDAC) hosted a Stakeholders Dialogue on Food Fortification with the theme, “Sharing our Successes and Challenges: Align on the way forward.”

Continued on page 27

Daily Times Nigeria Thursday, May 19, 2016

27 Health

Know your Rhesus factor, 2016 Budget: WAVA lauds FG for allocating genotype, NGO urges Nigerians N12.6b for immunisation Continued from page 26

duced.

Explaining, Mrs Banire said, “Rhesus incompatibility occurs when a Rhesus positive man and a Rhesus negative woman come together and they are prone to having still birth or infant deaths, babies with jaundice, miscarriages.”

She said, the NGO has also taken the awareness campaigns to secondary schools, tertiary institutions, Traditional Birth Attendants (TBAs), Religious Birth Attendants (RBAs), Local Government Areas (LGAs) “and we’ve over time given Rhogam injections to over 1000 women that are challenged financially and we still intend to do more to ensure that in the next few years, Rhesus incompatibility is reduced or totally eradicated.”

When an Rhesus incompatibility is identified, Rhogam will be given as a shot, during week 28 of pregnancy (it will also be given after chorionic villus sampling, amniocentesis, miscarriage, ectopic pregnancy, abortion, uterine bleeding, or any trauma during pregnancy that could leak some of the fetal cells over to you) and then again within 72 hours after delivery (if, that is, the baby is indeed Rhpositive; if he or she’s Rh-negative, the shot isn’t necessary because there are no ‘foreign’ cells for your immune system to respond to), ensuring that subsequent pregnancies are as safe as the first.

According to Mrs Banire, Rhesus incompatibilty is prevalent among the Yoruba race.

“We have statistics done by researchers and we also have our

own statistics as well. Out of the 5000 people that we’ve been able to test, we have identified over 6 per cent prevalence in Lagos state,” she said.

Also speaking, Professor Adekunbi Olabanjo, a pathologist and Vice President of RSI said it is important for both man and woman to know their Rhesus status.

“If a woman who is Rhesus negative marries a man who is rhesus positive, they can give birth to Rhesus imcompatible child and can result into stillbirth or miscarriage. Some men can be Rhesus negative and we know that that kind of blood group is not readily available, so if there is a need for blood, if we as volunteers or those who are negative don’t donate, then there could be a shortage when it’s needed.

“We also encourage voluntary blood donation so that there will be blood available when it is needed and blood donated voluntarily is the safest blood, it is screened for infections. Usually, those that donate blood commercially are high risk people, there could be infections in their blood,” Olabanjo said.

Wife of Lagos State Governor, Mrs Bolanle Ambode, represented by wife of the Special Adviser to the Governor on Information and Community Development, Mrs Fatimah Bamigbetan commended the NGO for creating awareness in the country on Rhesus factor.

The All Progressives Congress (APC) National Legal Adviser, Dr Muiz Banire called for concerted efforts to eliminate Rhesus factor incidence.

Continued from page 26 “Given the political will demonstrated in the 2016 budgetary provision, we consider this a huge step towards sustainable funding for immunization. Immunization remains one of the most cost-effective and economically-rewarding health interventions yielding at least sixteen dollars per dollar invested.”

Wonodi also commended the Johns Hopkins International Vaccines Access Center (JHU-IVAC) and Direct Consulting and Logistics (DCL) for supporting the NGO’s advocacy work with the provision of evidence and key messages.

She pledged to support every action taken by government and other partners towards achieving uninterrupted and equitable access to immunization in Nigeria in line with the Sustainable Development Goals (SDGs).

Dr. Wonodi

WHO recommends treatment of depression, anxiety disorders for women living with FGM Continued from page 26 organs for non-medical reasons.

FGM has no health benefits, can cause grave harm, and violates the rights of girls and women.

Procedures can cause severe bleeding, problems urinating, and later cysts, infections, and death. FGM can also result in complications in childbirth and increased risk of newborn deaths.

The world health body said, health workers need to be prepared to provide care to girls

and women who have undergone FGM. But, health workers are often unaware of the many negative health consequences of FGM and many remain inadequately trained to recognize and treat them properly. As a result, many women may suffer needlessly from physical and mental health consequences due to FGM. “Health workers have a crucial role in helping address this global health issue. They must know how to recognize and tackle health complications of

FGM,” says Dr Flavia Bustreo, WHO Assistant Director General. “Access to the right information and good training can help prevent new cases and ensure that the millions of women who have undergone FGM get the help they need.”

New WHO guidelines to improve care for millions living with FGM warn against the so called “medicalization” of FGM, for example when parents ask health providers to conduct FGM because they think it will be less harmful.

Mental health: Expert launches film, health App, radio Continued from page 26 The #NigeriaFutureFortified stakeholders dialogue was aimed at reviewing the successes and challenges of food fortification in Nigeria and examining the contextual factors which drive reach, impact and sustainability.

The summit was attended by key players in the sector such as Federal Ministry of Health, Standards Organization of Nigeria (SON), Nigeria Customs Service, National Primary Health Care Development Agency (NPHCDA), Federal Ministry of Budget and National Planning, Master Bakers Association of Nigeria, Development Partners

and the Industry.

Speaking at the summit, the acting Director General of NAFDAC, Mrs Yetunde Oni acknowledged the fact that good nutrition is an essential driver for sustainable development.

“When people’s nutritional status improves, it helps to break the intergenerational cycle of poverty, generates broad-based economic growth and leads to a host of benefits for individuals, families, communities and nations”.

In his keynote address, the honourable Minister of Health, Prof. Isaac Adewole, represented by the Director of Food and Drugs Services, Federal Ministry of Health, Mrs Abisola

Akinbisehin, noted the fact that “the Federal Ministry of Health is concerned with the formulation and implementation of policies related to health, creating awareness on reproductive, maternal, neonatal and child health, ensuring sound nutrition including infant and young child feeding and care and safety of the elderly and adolescents.

Prof. Adewole acknowledged some of the remarkable success Nigeria had attained in addressing micronutrients deficiency problems with the support of international organizations and development partners such as GAIN, UNICEF and Micronutrient Initiative (MI).

He said “this administration

is aiming at developing a National Policy on Food Fortification to enable the country have a uniform set of principles/guidelines that would serve as a model for the rational addition of essential vitamins and minerals to food and for effective compliance to mandatory food fortification regulations by the Industry”.

Country Director of GAIN, Dr. Francis Aminu recognized the fact that food fortification is a cost effective technology that yields huge returns on investments.

“We want to build on the experiences, achievements and lessons we have learnt over the years. Also we are catalysing the partnership that will be needed

to move food fortification forward. In the past we have been doing it almost all alone. Now we are having more stakeholders and we have to expand the partnership to be able to see how we move food fortification forward”.

Stakeholders at the summit agreed that scaling up the availability and consumption of fortified foods in Nigeria will contribute to the achievement of a number of Sustainable Development Goals (SDGs), reduce the incidence of Spina Bifida in unborn children, anaemia among women of reproductive age and enhance cognitive development within the first 1000 days of life for children.

News 28

Daily Times Nigeria Thursday, May 19, 2016

Gen. Ihejirika’s suit: Fresh application stalls judgment Andrew Orolua Abuja

ÏÏÏFresh applications filed by

the defendants to a N100b libel suit instituted by former Chief of Army Staff, Lt., Gen. Azubuike Ihejirika (rtd) against Australian hostage negotiator, Stephen Davies and two others, on Wednesday, stalled judgement.

Trial judge, Justice Valentine Ashi had fixed judgement for Wednesday after Stephen Davies, who accused Ihejirika of sponsoring Boko Haram insurgency in the North East Nigeria and Thisday Newspapers Limited, as well as Nduka Obaigbena, whose Newspaper published the story,failed to enter appearance in court.

Mr. Davies had in August 2015

accused the retired general, a former governor of Borno State, Ali Modu Sheriff, an unnamed senior official of the Central Bank of Nigeria (CBN), as well as a man based in Cairo, Egypt, of being among the top sponsors of the Islamic insurgents.

When the case came up on Wednesday for judgement, the 2rd and 3rd defendants brought a motion pursuant to Order 7 Rule 1 of the Court rules and section 36 of the 1999 constitution, praying for an extension of time to file and enter their defense out of time.

Counsel to the 2nd and 3rd defendant, Frank I. Chude, informed the court of the motion seeking for an extension of time within which to file their defense and other court processes.

L-R: Representative of Lagos State Governor and Commissioner for Local Government & Community Affairs, Hon. Muslim Folami (2nd left), with Osolo of Isolo, Oba Kabiru Kolawole Agbabiaka; Executive Secretary, Isolo LCDA, Hon. Olusegun Jubril; Contractor, Oba Marudeen Adeposi and former member, Lagos House of Assembly, Hon. Niyi Fabiku during the official commissioning of the sectional rehabilitated Okota Road, Isolo... on Tuesday

Lawan caught on video collecting $500,000 from Otedola, says witness

Andrew Orolua, Abuja

ÏÏÏDavid Igbodo, second pros-

ecution witness in the trial of former Chairman of the House of Representatives ad-hoc Committee on Fuel Subsidy, Farouk Lawan, on Wednesday, told an FCT High Court in Lugbe, Abuja, that Farouk was caught on video receiving USD 500,000 from Otedola.

Igbodo, who is Commissioner of Police, Legal Services and Investigating Police Officer (IPO) in the office of Inspector General of Police (IGP), Special Investi-

gation Unit, told the court that Farouk was caught on video due to a sting operation by the Department of State Security (DSS).

Testifying before Justice Angela Otaluka, Igbodo said after Farouk had collected the 500,000 USD at the house of Femi Otedola on April 24, 2012, he (Farouk) proceeded to the House of Representatives and crossed the name of Zenon Oil that was earlier indicted in a report before the ad-hoc Committee.

In the words of Igbodo, “I found out that on April 24, 2012 at about 3:47am in the morning, the defen-

Boko Haram: Troops rescue one of Chibok school girls, arrest ‘husband’ ÏÏÏThe

Nigerian military, on Wednesday, announced that its troops have rescued one of the missing 220 girls of Government Girls Secondary School, Chibok Borno state.

Director of Army Public Relations (DAPR), Colonel Sani Usman, confirmed the rescue in a terse statement made available to the media.

Amina Ali Nkeki was said to be among the rescued persons by our troops at Baale near Damboa.

The army also stated that a Boko Haram terrorist, Mohammed Hayatu, who claimed to be Amina’s husband, was also arrested.

According to the army statement, “Further to that, in continuation of Operation CRACKDOWN, troops of 25 Brigade Damboa in conjunction with Ci-

vilian JTF deployed in one of the blocking positions at Baale, near Damboa rescued one Miss Amina Ali and a suspected Boko Haram terrorist, Mohammed Hayatu, who claimed to be her husband.

Both were brought to Headquarters 25 Task Force Brigade Damboa at about 2.30pm today.

“Preliminary investigation shows that she is indeed one of the abducted Chibok School girls abducted by Boko Haram terrorists on 14th April 2014 in Chibok and her name is Amina Ali as against Falmata Mbalala that was earlier stated.

Meanwhile, the rescued girl has reportedly revealed that six of her colleagues have died in captivity.

The girl, who was reportedly found breast-feeding a child, said their captors shielded them from the military.

Lawan

dant was in the house of Otedola and was given the sum of 500, 000 USD and was caught on video due to the sting operation by the DSS. “The purpose of the demand

and acceptance was to remove the name of Zenon Oil and AP Petroleum from the list of indicted companies,” David told the court.

Following the case of alleged bribery against Lawan by the Independent Corrupt Practices and other related offences Commission (ICPC), Lawan and one Boniface Emenalo are standing trial before Justice Angela Otaluka on a seven-count criminal charge bordering on obtaining $620,000 from Otedola in order to doctor the committee’s report in favor of Zenon Oil and Gas Limited.

Led in evidence by the prosecu-

tion counsel, Adegboyega Awomolo (SAN), the witness further told the court that: “on the same April 24, 2012, the defendant after collecting the sum at the house of Otedola, crossed the name of of Zenon Oil earlier indicted in a report before the committee at the House of Representatives”.

He further said: “To my findings, the defendant (Farouk) admitted collecting the 500, 000 USD. “He admitted he went to the house of Femi Otedola and collected the sum of 500,000 USD, crossed the name of Zenon from the list.’’

No document linking Saraki to London property — EFCC witness Andrew Orolua Abuja

ÏÏÏThe Economic and Finan-

cial Crimes Commission (EFCC) prosecution witness, Mr. Micheal Wetkas, on Wednesday, told the Code of Conduct Tribunal that he had no official documents linking the Senate President, Bukola Saraki, to the ownership of London properties.

Wetkas, who made the confession during cross examination by the defence counsel, Mr. Paul Usoroh (SAN), said, prosecution only obtained unofficial information of the London properties from their foreign partners in London.

He said the partners promised to oblige them with the official documents of the property, but

they are yet to do so.

“In our investigation, we normally receive unofficial information from our foreign partners” he said.

Wetkas also informed the tribunal that Saraki used the N375million obtained from GTBank to buy House No. 7 and 8, Whittaker Street, London, in 2011 and 2015 respectively.

He said the tilled number of the House No. 8, was NGL802235 and the second property Number was NGL802661.

The witness said, he had requested from the GTBank to oblige him with the details of the properties and the address.

He said the bank told them that the addresses of the properties were not disclosed to them.

Wetkas said from the loan

documents attached, showed that the N375miilion loan collected

by Saraki from GTBank and the narration indicates that he used the said money to buy properties in London.

“When we see the statement on the mortgage redemption transfer telex, we are convinced that the defendant used the funds to acquire property in London” he said.

EFCC lead counsel, Rotimi Jacobs (SAN), has lamented the pace in which the defence was handling the case.

Jacobs accused the defence of attempting to confuse and demoralise the witness.

The Chairman of the tribunal, Mr. Danladi Umar, adjourned the case till May 25 for continuation of cross examination.

Daily Times Nigeria Thursday, May 19, 2016

Abiodun Taiwo, Abeokuta

ÎÎÎA

defamation case instituted by the senator representing Ogun East at the National Assembly, Buruji Kashamu, against a member of Peoples Democratic Party (PDP), in Ogun State, Deji Babington Ashaye, was in Wednesday stalled due to lack of evidence.

Counsel to the accused person, Emmanuel Emili, complained that the prosecution was yet to furnish him with the evidence.

The prosecutor, Inspector Sunday Eigbejiale, told Magistrate Oriyomi Sofowora of Abeokuta Magistrate Court 1, sitting in Isabo, that a copy of the evidence was not ready and would be made available in due course.

Emili, who told the court that he was ready to go on with the case, explained that justice was not for the complainant alone, but that the accused person also had a right to fair hearing.

According to him, having the evidence would allow the

29 News

Defamation: Kashamu’s case against party member stalled accused person to respond properly and adequately to all issues raised.

Magistrate Sofowora however adjourned the case till June 3.

Emili had earlier applied for the discontinuation of the case on the ground that Kashamu had failed to attend the sittings as ordered by the court.

Emili said: “For the fourth consecutive time, the com-

plainant is not in court, despite the stern warning by the court. We are here today and he’s not here again.

“He had come to the court to get justice, yet, he is not in court. The case should be struck out and if he is ready for the matter, he should come back and do the case.”

Sofowora turned down the application on the ground that it would be unfair for the case to be struck out, since a

witness in the matter and the accused person were in court.

She maintained that the fact that the original complainant wasn’t in court doesn’t mean that the case had been abandoned.

Speaking after the sitting, a witness in the matter, who is also the Special Assistant, Media and Publicity, to the Kashamu, Austine Oniyokor, explained that his principal had to fly a private jet to attend

the case in the last adjourned date but that the matter had been before his arrival.

He explained that Kashamu was ready to withdraw the case if the accused person would show remorse and apologise.

A factional Chairman of the party in the state, Sikirullahi Ogundele, who was also in court described the action of Kashamu as a show of power, condemnable and needless.

Enugu constructs 20 roads

By Moses Oyediran Enugu

ÎÎÎThe

Enugu State Government said that it had constructed no fewer than 20 road projects covering 35km in the past one year.

The Commissioner for Works and Infrastructure, Dr. Patrick Ikpenwa, made the disclosure, while speaking with journalists, in Enugu.

He said that the government had invested so much on road construction, in spite of the economic challenges.

He listed some of the completed urban roads to include Holy Ghost Rd, Samuelson Rd, Holy Trinity Rd, Nawfia St., Mbanefo St. in New Haven, Ridgeway Rd, Colliery and Lake Avenue all in the metropolis.

Others are Airport Roundabout-Emene-Eke Obinagu Rd, 9th Mile By-pass, Isiuzo St. and Abakpa Nike Rd. He said that some of the rural roads – including 11.6km dualisation of Opi-Nsukka Rd, Udenu Ring Rd, Umuezebi Rd, and Post Office RoundaboutOdenigbo-Ogurugu-Ikenga Rd all in Nsukka, were in various stages of completion.

“Work is also in progress at Obechara Rd Junction, A m a n k wo - A m e ke - A m a h brewery, Orie Emene-Adoration Ground, Nkpokiti Estate Internal Roads and Ibuzo St in Independence Layout,” he said.

Fire: Lagos salvages N106.32b, loses N17.72b Benjamin Omoike

ÎÎÎThe Lagos State Govern-

ment, on Wednesday, said that property worth N17.72 billion were lost to fire incidents while N106.32 billion worth of goods and property were saved in the last one year by the State’s Fire Service.

The Commissioner for Special Duties and Inter-Governmental Relations, Oluseye Oladejo, gave the breakdown at the ongoing Ministerial Briefing in Alausa, Ikeja.

Oladejo said the Lagos State Fire Service had undergone various transformations to enhance its operational capabilities and capacity to effectively curtail fire outbreaks and related emergencies.

He said that a total of 1,772 calls were received and promptly responded to in the last one year. Oladejo said that 118 victims were rescued, while 89 dead bodies were recovered. He stressed that during the period under review, the fire service secured the approval of the governor to recruit additional 100 officers to undergo intensive professional basic fire-fighting training to boost its staff strength and capability.

‘Delta won’t sponsor pilgrims twice’ L-R: Wife of Lagos State Governor, Mrs. Bolanle Ambode; Principal, Queens College, Dr. (Mrs.) Lami Amodu and Convener, Iyalode Mentoring Girl-Child Initiative (IMGCI), Chief (Mrs.) Bintu-Fatima Tinubu during the 4th Edition of IMGCI programme at Queens College, Yaba, Lagos… on Wednesday.

Tensions heightened over A’ Ibom LG polls Paulinus Nta Uyo

ÎÎÎThere is a palpable ten-

sion in Akwa Ibom State as to when the constitutional executive councils would be elected to run the affairs of the 31 Local Government Areas.

It could be recalled that barely a month after being sworn into office, Governor Udom Emmanuel constituted a nine-man Transition Committee each to run the 31 Council for 6 months pending when the Local Government election would be conducted by the State Independent Electoral Commission (AKISIEC). And by December, 2015, following an executive bill from the Governor, the State House of Assembly, led by Onofiok Luke, extended the tenure of the Transition Committees to another six months which

woyuld expire in June.

This continued elongation of the Committee, which was widely described by pundits as illegal and unconstitutional, has raised a lot of dust among the political class and, indeed, the general public.

A former Chairman of Local Government and Chieftaincy Affairs in the State, Mr. Bassey Udoh, told our reporter that the development was counterproductive and inimical to growth and development in the grassroots. According to him, the Committees were serving the State Government and not the people of the areas.

Findings, however, confirmed that since they were simply handpicked by the State Government, they had no constitutional powers to execute developmental projects, bargain or negotiate the interests of the people.

A cross section of mem-

bers, including Chairmen of the Transition Committees, regretted their appointments and maintained that the state government, in the last 11 months, had starved them of funds to develop the areas.

The worst affected were those who had earlier nursed ambition to contest for either Councillors or Chairmen of the Local Councils. According to them, their hopes weree almost dashed as the State Government, through its body language, was not yet prepared to conduct the local government election.

The effect was that they keep spending money in spite of the harsh economic realities. “We must maintain and service our support base”, a chairmanship aspirant noted.

Currently, as the extended period is running out in June, there are rumours and indication that another

round of Care Taker Committee may be set up to run the Councils for another six months, a development which has created panic and mix feelings among the political class, especially those who were eyeing the councillorship, chairmanship and other offices in the local governments and the heat, has obviously shaken Governor Udom’s support base.

Gov. Udom

Nosa Ogiugo, Asaba

ÎÎÎAs preparations for the

2016 Christian pilgrimage to Israel gathers momentum, the Delta State Christian Pilgrims Welfare Board has said that it was already putting in place stringent measures to ensure that those who had benefited from the state government’s sponsorship to the Holy Land were not availed such privileges this year.

The Executive Secretary of the board, Rev. (Prof.) Oke Akokotu, told our correspondent that it was an offence for a particular individual to enjoy such a privilege more than once, while there were millions of Deltans (Christians) who were looking forward to such opportunity, but were being denied.

The Executive Secretary appealed to government officials, political stalwarts and Christian leaders in the state who had the privilege of nominating intending pilgrims to the Holy land to ensure that their nominees were those who had never enjoyed government sponsorship.

30

Thursday, May 19, 2016

EXTRATIME

Toure in talks with Inter boss Mancini

Toure

Y

aya Toure’s agent has confirmed that the Manchester City midfielder is in talks with Inter, though any move hinges on the Serie A club’s ability to stump up the cash for a permanent switch.

Toure has been widely tipped to leave City after six seasons at the Etihad Stadium, with Pep Guardiola - a coach he fell out with in his Barcelona days - set to take over from Manuel Pellegrini for 2016-17.

The Ivorian has long been linked with renewing his ties with former City manager Mancini, who recently talked up Toure as being a player the type of which Serie A has never seen.

And a summer switch could be on the cards, provided Inter match City’s valuation, with a loan spell apparently off the table.

Toure’s agent Dimitri Seluk told reporters: “We are talking with Mancini.

“We are still trying to find a solution with Manchester City, who want to sell Toure on a permanent basis, they are not interested in loaning him.

“I can’t say if there are other clubs interested.

He has a contract, however, nothing special. Inter? It’s a good club.”

Varane wants more big-game experience

R

eal Madrid defender Raphael Varane has spoken of his disappointment at his minimal role in the club’s run to the Champions League final.

The France international started five of Madrid’s six group games, as well as the 2-0 win over Roma in the last-16 first leg.

But Varane’s inclusion in the remaining games was limited to a sole appearance as a stoppage-time substitute in the 3-0 quarter-final second-leg win over Wolfsburg.

Madrid subsequently booked their place in the final against city rivals Atletico by seeing off Manchester City in the semis, but with Sergio Ramos

and Pepe an established central defensive partnership, Varane looks likely to be watching on from the bench again at San Siro.

“Up until November I played practically every match,” he said. “It’s also fair to say that I did make a few mistakes which I don’t normally make.

“But looking back over the season as a whole, there’s no point in focusing on that - it’s outweighed by the positive things which happened.

“It’s true that I would have liked to have been a part of the more decisive games at the end of the season - especially in the Champions League.

Varane

Pires : PSG will struggle to replace

Ibrahimovic R

Ibrahimovic

obert Pires believes Paris Saint-Germain will have a tough task to find a suitable replacement for the departing Zlatan Ibrahimovic.

The 34-year-old striker – who has an expiring contract - has confirmed he will leave the club after Saturday’s Coupe de France final against Marseille and received a fond farewell after scoring twice at his last Parc des Princes appearance against Nantes last weekend.

Pires feels Ibrahimovic’s impact with PSG was one that went beyond scoring goals, even if there were plenty of them – he has 48 to his name in all competitions this season.

The Arsenal icon, 42, does not envy PSG’s task in

replacing a player he thinks will leave an “empty space”.

“He will leave an empty space at PSG because he left his mark since coming to the club with what he did, what he said and the goals scored,” Pires said.

“Now the PSG board will have to think about who will replace Zlatan Ibrahimovic. I think it will be very difficult. I have no idea.”

Offering his own take on who the PSG should look to replace him with, Pires suggested the targeting of stars from two of Europe’s top clubs in Bayern Munich and Barcelona.

“I thought Robert Lewandowski but he extended his contract with Bayern,” he said, although the Poland international’s deal is yet to be officially confirmed.

Mitroglou makes permanent

Benfica switch

G

reece international Kostas Mitroglou has completed a permanent move from Championship outfit Fulham to Portuguese champions Benfica, the club announced on Tuesday.

Mitroglou has joined on a fouryear contract, keeping him at the Estadio da Luz until the end of the 2019-20 season.

The 28-year-old joined Benfica in 2015 on a season-loan deal, scoring 20 goals as Benfica won a third consecutive Primeira Liga title - finishing two points above rivals Sporting CP.

Saul extends Atletico

deal until 2021

A

tletico Madrid have confirmed that Saul Niguez has agreed terms on a new contract at the Vicente Calderon until 2021.

Wednesday’s announcement means Saul, who came through the ranks at Atletico, has extended his previous deal by a further 12 months. Saul made his debut for the club in a Europa League clash with Besiktas in March 2012, before going on loan to Rayo Vallecano for the 2013-14 campaign.

Bayern best move for

Lukaku, says father

R

Lukaku

omelu Lukaku’s father says the striker is seeking a move away from Everton, claiming Bayern Munich would the most suitable club for his son.

The Belgium international enjoyed a strong season on an individual level, netting 18 goals in 37 Premier League appearances as Everton struggled to a mid-table finish under Roberto Martinez, who was sacked before the final game of the campaign.

Thursday, May 19, 2016

EXTRATIME

31

ENGLISH PREMIERSHIP

Terry

Pedro:No

Chelsea regrets!

signs new Chelsea deal C

helsea captain John Terry has signed a new one-year deal with the club.

Terry’s future had been subject to much speculation, with Chelsea announcing last Friday that they had offered their longserving captain fresh terms to continue his 18-year playing career at Stamford Bridge.

The former England skipper subsequently revealed that he would take time to consider the “different role” on offer from his boyhood club before making a decision, before then

offering an emotional on-pitch statement after Chelsea’s final game of the season on Sunday.

And Chelsea confirmed on Wednesday that the 35-year-old has opted to stay put following discussions with incoming manager Antonio Conte, who will take over after leading Italy at Euro 2016.

Terry said: “I am delighted to sign a new contract with the club. Everyone knows I’m Chelsea through and through.

P

Terry

“I am looking forward to next season under the new manager and hopefully we can make it a successful one.

“Also, a special mention to the fans for their continued support. You’re the best in the world.”

Chelsea chairman Bruce Buck added: “We are delighted John will spend another year at the club. He has been the leader of the Chelsea squad throughout the most successful period in our history.

Demichelis

fined for betting M Demichelis

artin Demichelis has been fined and warned about his future conduct after accepting a Football Association (FA) charge in relation to betting.

Manchester City defender Demichelis was charged in March over multiple alleged violations of “Rule E8 concerning football matches” dating between January 22 and February 15 of this year.

The FA confirmed on Wednesday that the veteran Argentina international had admitted breaching Rule E8 “in respect of 29 bets placed on football matches” and had been penalised to the tune of £22,058.

Rule E8 bans players from betting “either directly or indirectly, or instruct, permit, cause or enable any person to bet on any result, progress or conduct of a match or competition in which they participate or have

G Playing in EPL my childhood dream —Xhaka

ranit Xhaka has revealed that he wants to play in the Premier League amid growing speculation that a move to Arsenal is imminent.

B o r u s s i a Monchengladbach confirmed on Tuesday that they had received a bid for the highly-rated Switzerland

participated in during a season, or in which they have any influence”.

Newcastle United and England winger Andros Townsend was suspended for four months - three of those suspended - and fined £18,000 for breaching betting regulations in 2013.

That was the same year Cameron Jerome was fined £50,000, while Dan Gosling received a £30,000 fine in 2014.

midfielder, with the player himself telling reporters that he expects his future to be resolved before Euro 2016 begins next month.

It is believed that Arsenal are in pole position to secure the 23-year-old’s services, and he said on Wednesday: “The Premier League is not my goal, but a childhood dream. It is a dream that

could be fulfilled.”

Xhaka added that he does not know whether talks are taking place between Gladbach and Arsenal.

“As of now, I am still a Gladbach player,” he added.

“That might change in the next weeks, or it might not.

There will definitely be a decision before the European Championship.”

edro insists he has no residing feelings of disappointment over his switch from Barcelona to Chelsea, despite the two clubs’ contrasting seasons. The Spain international, 28, enjoyed eight trophy-laden seasons with Barca, winning five league titles as well as the Champions League on three occasions. But, with first-team opportunities becoming limited behind Lionel Messi, Neymar and Luis Suarez, Pedro opted for a move to Stamford Bridge to join the reigning Premier League champions ahead of 2015-16.

Aguero:

Guardiola will help Man City in UCL quest

A

fter speaking to Lionel Messi, Sergio Aguero is relishing the opportunity to work with manager Pep Guardiola, who he believes can help Manchester City win the Champions League. Guardiola will be at the helm in 2016-17 after replacing Manuel Pellegrini and he inherits a City team desperate to make an impact in Europe. Aguero acknowledged City were not good enough in the Champions League, but the Argentina international believes that could change under the guidance of Guardiola.

Leicester

arriveThailand

to heroes welcome

L

eicester City were given a heroes welcome after arriving in Thailand on Wednesday following their remarkable Premier League triumph in 2015-16. Claudio Ranieri’s side lost just three games all season as they completed one of the most unlikely sporting accomplishments. Leicester finished 10 points above second-placed Arsenal in the league standings, just over twelve months after fending off relegation to the Championship with a sensational escape.

Deco:Mourinho‘perfect’for Man Utd!

J

ose Mourinho is the “perfect” man to guide Manchester United into the 2016-17 season, according to former Portugal playmaker Deco.

Louis van Gaal on Tuesday reaffirmed his intention to remain in the Old Trafford hot seat for another year, but speculation persists that the former Chelsea boss will

oust the Dutchman.

And Deco, who won the Champions League under Mourinho at Porto in 2004, says United - fifth-placed finishers in the Premier League this season - would be on to a winner in appointing his countryman.

“I don’t know if he’s going to United

Eriksen

but, if it’s true, in my opinion he is the right man for the job,” he said.

“In this moment United needs to bring back all its history and I think Mourinho is the perfect coach to train United.”

Discussing his time with Mourinho at Porto, Deco continued: “I worked

with Mourinho when he was starting in football. At that time we had fantastic players and one young coach like Mourinho giving us everything he knows.

“For us it was a fantastic moment because in that time I learned a lot. Not just me, me and the other players.

Mourinho

Published by FOLIO COMMUNICATIONS LTD, Lateef Jakande Road, Agidingbi, Ikeja. website: www.dailytimes.com.ng; email: info@dailytimes.com.ng. Tel: 018447948. GROUP EDITOR: BIODUN DUROJAIYE News Hotlines: 08138773277, 08173901838. Advert Hotlines: 08086296714

THURSDAY, MAY 19, 2016

VOL. 2. NO.112

Price: N150

UEFA to elect

Platini’s

successor

Sept 14 EUROPA LEAGUE CUP FINAL

Liverpool surrender lead to

Sevilla ÏFail to end European drought

S

evilla lifted the Europa League trophy for a third successive season by beating Liverpool 3-1 in the final in Basel on Wednesday night.

Liverpool squandered the chance to end an 11-year European drought, while Sevilla qualified for next season’s Champions League group stage despite finishing seventh in La Liga.

Daniel Sturridge’s exquisite first-half goal would have been worthy of winning any UEFA showpiece but Jurgen Klopp’s side failed to capitalise and went to pieces in the second half.

Kevin Gameiro scored just seconds after the interval as the Reds were exposed defensively before Coke grabbed two in the space of six minutes to end Liverpool’s dream of a return to the gloried European nights of yesteryear.

Emre Can had the first shot of the match in the eighth minute, David Soria pushing the ball away to his left.

Then Sturridge had an effort, but he couldn’t hook a shot into the net from Nathaniel Clyne’s pass -- a defender clearing from inside the six-yard box.

Sturridge then had another chance in the 25th minute but Soria came out to smoother his effort.

Sevilla got their first real chance on the half hour, Kevin Gameiro going inches wide with the overhead kick.

Coke is mobbed after scoring his first goal.

Liverpool found the breakthrough in the 33rd minute, and it was Sturridge with a wonderful finish. He received the ball just inside the area and beat Soria with a superb, curling effort with the outside of his left foot that bent inside the opposite post.

Liverpool thought they had a second five minutes later when Dejan Lovren headed in from a corner but Sturridge, in an offside position, attempted to get a flick on the ball and the flag went up.

The Premier League side were dominate now, in search of a second before half-time, but they had to be content with a one-goal advantage.

But all Liverpool’s hard work was undone just 18 seconds after the restart as Sevilla levelled. Mariano skipped past two defenders before superbly squaring for Gameiro, who couldn’t miss from five yards out.

Two minutes later and Gameiro was through on goal. He looked certain to get a shot away until he was caught by Kolo Toure, who made a vital last-ditch tackle to snuff out the danger.

Sevilla were bossing the second half, and Gameiro missed another chance on the hour -- N’Zonzi’s flick on dropped for the striker but Mignolet managed to force the ball over the bar.

And they got their reward in the 64th minute, Coke with a fine finish from the edge of the box to turn the tie on its head.

U

EFA will elect a replacement for former president Michel Platini at a meeting in Athens on September 14.

Platini was banned from all footballrelated activity last year, after receiving a “disloyal payment” from then-FIFA president Sepp Blatter in 2011.

The Frenchman, who continues to deny wrongdoing, has since seen that suspension reduced to four years by the Court of Arbitration for Sport (CAS), but they did not overturn his ban when their verdict was delivered on May 9. Following that decision, Platini confirmed his intention to resign.

UEFA has been without a president since the revelations and a new one will be chosen in September, meaning European football’s governing body will not have someone in the role permanently during Euro 2016 in France, which gets under way in less than a month’s time.

In a media conference in Basle on Wednesday, stand-in UEFA general secretary Theodore Theodoridis revealed senior vice president Angel Maria Villar would take over Platini’s official duties at the both European club cup finals and the Euros.

When asked if UEFA now considered Platini to be guilty following numerous failed appeals, Theodoridis replied: “It is not for UEFA to judge decisions of courts, we have t o accept them and adapt.”

Platini

c J e i

p r w P a

Business Times Daily Times Nigeria

First Bank commends Daily Times legacy Page B2

FG moves to float Green Bonds Page B6

Group hails TUC, NLC faction for renaging on Page B3 strike

Orange Group to establish Regional office in Nigeria

L – R: President Paul Biya of Cameroon; Keynote Speaker and Chairman of Heirs Holdings , Mr Tony Elumelu; and Former Prime Minister, Republic of Korea, Dr Chung Un-Chan, at the International Economic Conference organised by the Government of Cameroon, tagged ‘Investing in Cameroon,’ held in Yaoundé, Cameroon … on Tuesday.

Charles Okonji One of the world’s largest trading and telecoms company, Orange Business Services, a subsidiary of the Orange Group, on Tuesday reaffirmed its commitment to support enterprises in Africa with expansion of its sales operations in Lagos, Nigeria.

This is contained in a statement by Mr Giorgio Heiman, Vice President, Orange Business Services, Africa, and made available to Daily Times.

CONTINUED ON PAGE B2

NCC warns mobile network operators over unsolicited message to consumers Ïd Ɠ ƄƅƅƄƃƎƆƐƄ ƕ ƎƄ ƅ ƍ ƍƎ ƃ ƕƄ ƼƽƽƼ ƍƄƊ Ɔ CƏ Ƅ Ơƞ Lateef Ibrahim Abuja The Nigerian Communications Commission, NCC, on Wednesday reminded mobile network operators in the country that the effective date for the compliance with its directive that they (the service operators) should dedicate a short code2442-on their networks for use of subscribers to opt into ‘do not disturb’ database to register their numbers against

unsolicited messages remains June 30, this year.

The Commission specifically warned that sanctions await non-compliance on the part of any network operator.

The Executive Vice Chairman/ Chief Executive Officer of the NCC, Prof. Umar Garba Danbatta gave the reminder at the 77th edition of the Telecom Consumer Parliament (TCP) held at the Musa Yar’Adua centre in Abuja.

The TCP is one of the

initiatives of the NCC that brings together industry stakeholders to discuss and address key issues affecting consumers and suggest possible means of resolving them and ensuring that they ultimately obtain a good service experience.

Prof.

Danbatta further disclosed that the NCC has put in place several other measures that will ensure that service providers meet the needs of the consumers in view of the importance attached to them.

Thursday, May 19, 2016

According to him, “As the EVC/CEO of the NCC, I work tirelessly to put in place various strategies and policies that will enable the Commission actualise its vision of becoming a responsive, world-class communications regulatory organization that, above all, protects and empowers the consumers.

“On assumption of duties at the NCC, I unveiled my CONTINUED ON PAGE B2

NUPENG tasks FG on minimum wage, palliatives demand Joy Ekeke The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called on the Federal Government to announce palliatives to cushion the effects of the new pump price.

NUPENG said that its members are not on strike and are going about performing their legitimate duties.

It stated that it aligned with the Comrade Joseph Ajaero led faction of the Nigeria Labour Congress not to embark on a nationwide strike action.

In a statement signed by the NUPENG President Comrade (Dr.) Igwe Achese stated that the union has directed all its members nationwide to go to work and ignore the calls by the Ayuba led faction of the NLC to go on strike.

It stated that the leadership of NUPENG does not subscribe to any strike action and that members should go about their lawful duties, while it awaits full commencement of negotiation with government on review of the minimum wage and palliatives that will cushion the effect of the fuel price hike.

The Union called on its members working in oil installations, loading depots to be alive to their responsibilities.

NUPENG reiterated that all filling stations must be opened for the petrol station workers to dispense petroleum products to the end users.

Nigeria drops as Africa’s biggest oil producer Opeoluwani Akintayo Nigeria is no longer Africa’s largest oil producer as a result of vandalism by militants in the Niger Delta. The alarming rise in attacks on oil facilities now means Nigeria is no longer Africa’s largest oil producer, with a country like Angola taking the spot with 1,782, 000 barrels per day as against Nigeria’s 1, 722, 000.

Nigeria’s oil output slumped to over 20-year low and this is likely to impact the country’s total output for the next six months, Business Times analysis has shown.

This is because workers of Nigeria’s biggest oil companies, Shell and Chevron have been evacuated from the region and facilities have also been shut down.

Presently, no repair is going on there because the new militancy

Ï Ɛ ƕ ƉƆ Ɗ Ɖ Ƒ Ƌƍ ƕƏƃƎƆ `ƄƋ ƍƎ

group which claimed responsibility for the vandalisations, the Niger Delta Avengers, have barred repairs, and have also threatened to deal with oil companies sited within the region.

Attacks on Nigeria’s oil facilities have risen in the last five months of 2016, following years of relative calm, after the 2009

amnesty by Goodluck Jonathan’s administration halted attacks on oil installations.

According to estimate, the outages have impacted approximately 800,000 b/d of the country’s total production capacity of 2.2 million b/d.

Production of key export grades like Qua Iboe, Forcados,

Bonny Light and Escravos have all been recently affected.

Minister of oil for state and resources, Emmanuel Kachikwu said Monday the country’s oil production has declined to 1.4 million b/d from around 2.2 million b/d at the beginning of the year due to the wave of attacks on production facilities in the Niger Delta.

Business News B2 Orange Group to establish Regional office in Nigeria CONTINUED FROM PAGE B1

According to the statement, the company has established a new sales office in addition to the existing customer support activities in the country.

It added that the objective was to support senior information technology decision makers with strategies to grasp the market opportunities being brought by digital transformation.

The statement said that the potential for businesses to expand in Nigeria was demonstrated by the size and rate of growth already achieved by existing Orange clients, especially in the financial sector. ``The expanded Orange Business Services presence in Lagos helps support the many Nigeriabased businesses who want to increase their business performance and profitability. We act as a trusted advisor to help our customers compete on an equal footing in what is rapidly becoming a global market. This includes competitive and highquality IT services delivered in all countries in which they operate,’’ he said.

It said that the Orange Business Services in Nigeria supports both Nigeria-based businesses, ``which are growing and transforming due to digital technologies, and multinational companies from elsewhere on the continent and beyond.’’ ``We place great emphasis on local presence in our markets; there are many growth opportunities in IT, particularly in high-growth markets like Nigeria and across West Africa. But these can only be harnessed if service providers have a local understanding of strategic, political and cultural sensitivities in a region. ``Orange delivers consistently reliable telecommunications across Africa, including in hardto-reach places and in jurisdictions where the regulatory environment is still developing.

Daily Times Nigeria Thursday, May 19, 2016

First Bank commends Daily Times legacy Azubike Nnadozie First Bank Nigeria (FBN) has commended the management and staff of the nation’s pioneer newspaper, the Daily Times of Nigeria, (DTN), for keeping the publication going despite myriads of challenges.

Speaking during a courtesy visit to Daily Times Head Quarters in Ikeja, Lagos, by a team led by First Bank’s Media and External Relations staff, Head of the unit, Mr Tunde Lasaki, expressed the bank’s readiness to partner with the newspaper, which he noted is Nigeria’s heritage newspaper

brand, just like the First Bank is a heritage bank brand. He said such partnership would strengthen the operation of both parties.

Lasaki said, “We want to build a very good relationship with the media. We’ve seen that the media have strategic and very important roles that they play in the society, our job also complements each other.”

Lasaki further explained how the relationship could be of benefit to the bank and the media. He described the media as a heterogeneous tool with which consumers can easily be reached.

In the same vein, The Publish-

er/Editor-in-Chief of Daily Times, Mr. Fidelis Anosike welcomed the prospects of a mutual relationship with FBN believes that it would go a long way in reviving Daily Times Nigeria and would be of benefit to the two parties.

“Our partnership with you will be a great one,” he said.

The DTN Chairman further briefed the FBN team on the Miss Nigeria pageant which is organised by Daily Times, and other concerns in the parent group which he believes are meant to create a positive perception concerning Nigeria as a nation and building its heritage.

R-L: Obafela Bank-Olemoh, special adviser to Lagos State governor on Education; Wole Oshin, GMD, Custodian and Allied Insurance Plc, and Olushola Rasaq-Ajala, executive secretary , Ilupeju Odi Olowo LCDA, at the re-opening ceremony of the refurbished Ilupeju Public Library by Custodian and Allied Insurance Plc in Lagos, on Wednesday.

DStv Compact subscribers get front row view of Europa League final After last season’s Houdini-style great escape from what seemed like certain relegation, the objective for Leicester City going into the new campaign was to attain the 40 points which are more often than not needed to survive and win the English Premier League – and they did!

DStv subscribers on DStv Compact have been enjoying a front row seat to all this EPL drama and MultiChoice is delighted to announce even more good news that tomorrow (18 May 2016), DStv Compact subscribers they will be treated to even more football action as the final match of the Europa League between Liverpool and Sevilla will be available on DStv Compact live on SuperSport 11 at 20: 45 CAT. Before the match, SuperSport will showcase the highlights of the semi-finals and quarter-finals from 16:00 CAT followed by the studio match build up at 20:00 CAT. It has been a truly rollercoaster football season which DStv Compact subscribers had the opportunity to enjoy on two new SuperSport channels, SS11 and SS12, following MultiChoice Africa’s addition of the EPL and La Liga to the Compact bouquet at no extra cost.

The riveting football action will continue even after the football season wraps with the muchanticipated Euro 2016 that kicks off on 10 June until 10 July on SuperSport 11 and SS12 for Compact subscribers.

Shinkafi LG to partner private sector for gold mining Charles Okonji

Gov. Yari

In its efforts towards the diversification of the economy and massive job creation, Shinkafi Local Government Council of Zamfara has recently expressed its readiness to partner with private companies in gold mining.

Alhaji Sani Galade, the

council Chairman, disclosed this to newsmen shortly after the 2016 budget defence at the State House of Assembly in Gusau.

He stated that through public private partnership in gold mining, the council would create wealth and job opportunities, enhance revenue generation and address infrastructural

challenges. ``Already we have secured license through the state government from relevant authorities, so we want to use this opportunity to utilise this,’’ he said.

He added that priority would be given to agriculture, water supply, road construction and education in order to fasttrack development in the area.

NCC warns mobile network operators over unsolicited message to consumers CONTINUED FROM PAGE B1

strategic vision for five years (2015-2020) in an 8-point agenda designed to promote innovation, investment, competition and consumer empowerment.

“These 8-point pillars rest on a tripod of “As”, which

include Availability of service, Accessibility of Service and Affordability of service. As can be deducted, the agenda is solely directed at ensuring that the consumer is optimally satisfied with the services being provided.

“As you are probably aware by

now, the Commission responded to the cries of consumers by recently issuing direction to all mobile network operators mandating them to dedicate a short code, 2442, on their networks for use by subscribers to opt-in to Do-Not-Disturb

database to register their numbers against unsolicited messages.

“The effective date for compliance is 30th June, 2016.

There are sanctions for noncompliance to this direction”, he said.

During the TCP, which had the title, “Hearing the Voice of Consumers”, presentations were taken from two selected consumer advocacy groups, one each representing consumers from the Northern and the Southern parts of the country.

Daily Times Nigeria Thursday, May 19, 2016

B3 Business News

Group hails TUC, NLC faction for renaging on strike Joy Ekeke The Stand Up Nigeria (SUN), a coalition of 50 other civil society organizations has commended unions who reneged on the planned strike against the fuel price increase.

SUN praised the unions for shunning the strike being called upon by a faction of NLC, describing it as a needless venture that was arranged to service the interest of a few minority.

National Cordinator of (SUN), Comrade Philip Agbese while reacting to the outcome of the meeting between the federal government and labour said it is obvious that patriotic Nigerians have resolved to support the current administration’s deregulation policy.

He said the action of the Fed-

eral Government at the first instance is in the best interest of the larger population of the people and no amount of intimidation should cow President Muhammadu Buhari into submission.

According to Agbese, Nigerians have since realised that a strike action is not in their best interest, adding that the antideregulation supporters are economic saboteurs who are working against the interest of the generality of Nigerians.

Agbese said by standing on the side of the people and supporting the deregulation, the factional NLC President, Comrade Joe Ajaero has shown that he is a true leader of the NLC and should lead the labour movement in Nigeria.

He accused the Ayuba Wabba faction of not doing anything to

protect workers rights, saying “workers are being owed several months salaries and the NLC did not go on strike.”

He argued that subsidy only enriches a few and impoverish the larger population.

According to him, the N1.2 trillion paid out as subsidy in 2015 budget, if properly invested in other sectors should have built more infrastructures and created jobs.

He said, “As I speak, we have received the casket that signifies the final death of “subsidy” which has been used to milk the resources of this country by a certain minute minority and it shall be formally interned by 2pm today in the full glare of the Nigerian media for all to see that this epidemic will never visit us again in the nearest future.”

Ambode solicits Microsoft partnership on security, service delivery Tony Nwakaegho Mr. Akinwunmi Ambode, Lagos State Governor, said that the State Government would explore areas of cooperation with Microsoft International especially in the area of improving security in the State as well as the justice sector reforms so as to enhance service delivery to the people.

Governor Ambode made this remark when the President of Microsoft International, Mr. JeanPhilippe Courtois paid him a courtesy visit at the Lagos House, Alausa, Ikeja, adding that his administration would take full advantage of the existing cooperation between the State Government and Microsoft and utilize technology to engender more efficient and prompt service delivery to Lagosians.

“I want to let you know that the

Charles Okonji

L – R: Alhaji Garba Bello Kankarofi, APCON Registrar, Mr David Okeme, President Advertisers Association Of Nigeria (ADVAN) Alhaji Lai Mohammed, Hon Minister of Information and Culture and Mrs Johan Ihekwaba, General Manager Marketing UAC Foods Nigeria at the 2016 Advertisers Association of Nigeria (ADVAN) Marketers Conference in Lagos ... recently.

The Federal Government has signed a N14 billion capacitybuilding and upgrade of power training facility loan agreement with the French Government.

This was contained in a statement issued on Tuesday by Mr Olivier Delefosse, Country Director, French Development Agency (AFD).

He said the Memorandum of Understanding (MoU) was signed during the recent visit of President François Hollande of the France to Abuja to attend the Second Regional Summit.

He explained that the agreement was signed between AFD and the Ministry of Finance in the presence of Hollande and President Muhamadi Buhari.

“A 46.2 million U.S. dollars (about N13bn) subsidised loan

areas that you have spoken about are areas that are of interest to this administration. I am very high on wanting to see major issues that relate to security and judicial sector reforms and again beyond the fact that when you put a whole lot of things in place.

“We are also aware that technology will drive us to the point where we really want to make Lagos a globally competitive city and so for Microsoft to come to partner with us is a thing of joy, I want to commend you for making this visit for also opening up to our officials here, that whatever it is that is in the scale of business here that we have taken, this is the time now to take advantage of this particular visit in the areas of judicial sector reforms, safety and other areas of delivering services to our people in a more faster and efficient way,” he said.

FG signs 14bn capacity-building loan agreement with France granted by AFD to the Government of Nigeria, to enhance vocational training in the power sector, was signed. A 100 million U.S. dollars (about N248bn) subsidised line of credit granted by AFD to Zenith Bank, dedicated to the financing of investments of electricity distribution companies (DisCos), was signed.”

Delefosse stated that additional and paired financing agreements were signed by Mrs Laurence Breton-Moyet, AFD Chief Operating Officer and a member of the AFD Executive Board.

Strike... Our airports remain open – Dati General Manager Public Affairs, Federal Airports Authority of Nigeria (FAAN), Mr. Yakubu Dati spoke with some aviation correspondents on the level of strike across the airports. Chukwuemeke Iwelunmo was there. Excerpts What is your reaction to the ongoing strike?

As you can see, flights have commenced operation as early as scheduled and we have had morning flights early this morning from Lagos, Murtala Muhammed Airport, the Nnamdi Azikiwe Airport in Abuja and other airports across the country, so we have been doing our schedule operations across the country for all the airlines except of course where we have delays due to scarcity of aviation fuel, Jet A1, workers are out

ensuring that the activities go on as schedule.

What if airport is shut down Thursday as threatened by labour?

Well, it is a free country but we of the Federal Airports Authority of Nigeria are committed in ensuring that we give the services that we are been paid for and that is why we are out to ensure that we continue with our operations and we also want to thank the security agencies who have ensured that the operations at

the airports across the country are going on as scheduled and the staff are also turning up to ensure that they provide the service that we are been paid for.

What happens if FAAN staff join strike?

The fact remains that, FAAN does not rely on revenue allocation from the Federal Government to pay salaries and our staff are well aware of that and that is why, they have come out enmasse to ensure that we operate because if

we do not open our airports to operate and give services, we may not be able to raise the money that we need to pay ourselves for the work, so we have a responsibility if we want to get our money to ensure that we work and get paid for the services that we provide because we are service providers.

Well the issue of flight cancellation has been ongoing, it is likely because of the challenge of getting aviation fuel and I believe that it is the same reason that is responsible

for the cancellation, already airports are been made to address those issues.

Do you have any message for passengers concerning the development?

Well our message to passengers is that the airports are all open, we are all operating and our staff are already at their desks to ensure that we provide the services that we are paid for and we will continue to do so within our capacity.

Money Market B4

Daily Times Nigeria Thursday, May 19, 2016

Naira gains N21, sells at N342/$1 unofficial rate Ï`ƄƊ Ɔ ƍƄ ƆƉƆƄ Ǝ Ǝ Ƌ ƍ ƉƉƄƉ Ɗ ƍƈƄƎ ƅ ƍ Ǝ Ƅ Ǝ Ɔƍƕ ƕ Ɠ Stories by Motolani Oseni After a significant plunge in the value of the Nigerian currency immediately the federal government of Nigeria announced the new pump price for fuel last week, the Naira has gained a total point of N21, trading on Wednesday in Lagos, Kano, Port-Harcourt and Abuja at N342 per US Dollar at the parallel market.

Foreign exchange traders in Lagos have linked the slight appreciation in the price of the naira, to the money market swift recovery from the shock of the recent hike in the pump price of petrol from N86.50 per litre to N145 per litre, which they said was responsible for the free fall of the local currency at the market.

The Naira began its steady appreciation since the opening of market activities on Monday, gaining 4.4 percent over the dollar at the parallel market, and sustained the rate on Tuesday with a difference of N18 from its highest rate of N363 sold at the weekend.

The nation’s currency, as at last Wednesday fell to N345 from N321 per dollar, and further crashed to as low as N363 on Friday and over the weekend.

This is an indication that the federal government took the decision to increase petrol price to encourage marketers to import the product, a move which has been

bemoaned by the forex traders operating in Lagos. They pointed out that the forex scarcity was biting hard at the parallel market.

However, the local currency exchanged at N420 and N380 to pounds sterling and the euro, respectively, at Wednesday’s trading.

Meanwhile, the official Central Bank of Nigeria (CBN) rate re-

mained at N197 to the dollar.

According to Vice-President Yemi Osinbajo, the naira is currently trading at N285 to the dollar at the second tier market, which is seen as the semi-official market, and or the commercial banks’ interbank market. That does not operate at the central bank’s official market rate.

While speaking on the need to

increase the price of petrol, Osinbajo said: “We realised that we were left with only one option.

This was to allow independent marketers and any Nigerian entity to source their own foreign exchange and import fuel.

“We expect that foreign exchange will be sourced at an average of about N285 to the dollar, (current interbank rate).”

Consequently, Central Bank of Nigeria, the apex bank, has made its stance known in a statement issued recently that it has not devalued the naira.

However, the existence of a third-tier foreign exchange market has been strongly linked to the federal government plan not to devalue the nation’s currency, the naira.

L-R: Managing Director, Ibadan Electricity Distribution Company, Mr. John Donnachie; Acting Managing Director/ Chief Executive Officer, Ikeja Electricity Distribution Company, Mr. Anthony Youdeowei; Executive Director Association of Nigerian Electricity Distributors, Mr. Sunday Oduntan; and Managing Director, Chief Executive Officer, Mr. Neil Croucher, at a press conference on power privatisation exercise in Lagos... on Tuesday.

MasterCard to boost financial inclusion in Rwanda with $1m MasterCard Center for Inclusive Growth will commit up to $1 million over the next three years to advance economic growth and financial inclusion in Rwanda.

This was announced recently by Raghu Malhotra President, Middle East and Africa for MasterCard at the World Economic Forum on Africa (WEF) in Kigali.

According to Malhotra, “The Rwandan story is one of triumph over adversity, and the country stands as an example on how embracing technology and striving for a financially inclusive society can overcome the challenges of poverty. MasterCard is committed to helping develop a Cashless Rwanda, and the establishment of the grant is further testament to the importance we place

in our collaboration with the Rwandan government.”

Rwanda has made important strides when it comes to financial inclusion. According to the World Bank only 16 percent of adults in Sub-Saharan Africa have bank accounts. In Rwanda, however, 42 percent of adults own a financial account, whether formal or informal, and 1.6 million people have opened accounts in the country’s national SACCO savings and loan program.

Raghu pointed out that in Rwanda, small businesses comprise 97.8 percent of the private sector and account for 36 percent of private sector employment. Emphasising how important it is for the private sector to get involved to offer assistance and expertise.

The funds will be used to

deliver a holistic mix of tools and resources, providing an opportunity to connect microentrepreneurs in Rwanda to the formal economy, thus helping them to expand their business.

Similarly, the Executive Director, MasterCard Center for Inclusive Growth, Shamina Singh, said that igniting broad-based economic growth presents one of the most complex and urgent challenges of our time. We are in a unique position to help provide business owners in Rwanda with

DTN Exchange Rate Monitor

access to useful market insights, expertise, technology and a global network of likeminded individuals.

“Partnering with MasterCard to drive growth in our business sector is another important step in empower-

ing our citizens,” says Francis Gatare CEO of the Rwanda Development Board. “This intention will go a long way in helping us reach our goal of creating full financial inclusion and a cashless economy in Rwanda”, Singh said.

CBN Exchange Rate

Date

Currency

Buying(NGN)

Central(NGN)

Selling(NGN)

5/17/16

US DOLLAR

196

197

197

POUNDS STERLING

28388.64%

285

285

EURO

222

222

223

SWISS FRANC

7/18/00

201

201

YEN

178.98%

2

2

CFA

0

0

0

WAUA

10/1/00

276

277

Currency

Official Rate

Parallel Market

USD

197

342

YUAN/RENMINBI

1/30/00

30

30

2/21/00

52

53

276.6736

277.3794

278.0852

EUR

225

379

RIYAL

GBP

285

420

SDR

Daily Times Nigeria Thursday, May 19, 2016

B5 Brands & Marketing

Lagos NIPR commences 6-month membership audit exercise Lagos State Chapter of the Nigerian Institute of Public Relationship (NIPR) has commenced its membership audit aimed at evaluating and improving the Chapter’s effectiveness and governance processes.

The membership audit, involving the transfer of data from hardcopy to digital version and cloud including the search for members with incomplete biodata will ensure that members are constantly engaged and connected with the Institute. The exercise will be linked to the Recertification exercise and Master Class projects.

Speaking at the press briefing, Chairman, Lagos NIPR, Mr. Olusegun McMedal, said the audit will last for six months adding that the process will enable the Secretariat update its membership record and offer advice on procedure for status upgrade.

According to him, “The Executive team realised that our members are the Chapter’s greatest asset. Thus, this exercise is one of the cardinal focus of the present administration to nurture and protect membership in line of the vision to run a government of inclusion. The exercise will appreciably reduce paperwork and cost of operation in addition to ensuring prompt notification of meetings, events, subscription renewals and upgrades.”

L-R: Chief Operating Officer, Adiba Supermarket, Samuel Udeji; Human Resource Manager, Nengi NiyiOseni; Chief Executive Officer, Chris Udeji and Dr. Eloka Umeh, at the launch of Adiba.com an online mall of the company in Lagos... recently.

AAAN set to hold AGM in Uyo Stories by Godwin Anyebe Preparations are in top gear for a successful hosting of the 43rd Annual General Meeting of the Association of Advertising Agencies of Nigeria in Uyo, Akwa Ibom State. The AGM scheduled to hold between the 19th and 21st of May 2016 at the Le Meridien Ibom Hotel and Golf Resort, is themed “Communication as a tool for National Development”

According to the organizers of the AAAN Annual General Meeting, the event in Uyo promises to be fun filled and engaging as a series of activities have been lined up to ensure delegates enjoy the rich hospitality that the state offers even in the peak of deliberations. To kick off the AAAN 2016 AGM in Uyo, SO&U Limited will be hosting delegates to an exclusive welcome dinner.

The dinner, which will hold on Thursday 19th May from

IS Internet solutions Nigeria bags Internet Service Provider of The Year award IS Internet Solutions Nigeria, one of the leading internet service providers in Nigeria has bagged an industry awards at the just concluded Beacon of ICT Awards ceremony which held recently in Lagos.. The company won the award of the Internet Service Provider of the year 2016.

At the event, IS Internet Solutions outstanding achievements in the ISP space was recognized

and the organizations ability to create tailored ISP solutions to their enterprise clients and their quality of service delivery accounted for them emerging as the ISP of the year.

The CEO/MD of IS Internet Solutions Nigeria, Olusola Teniola, said, “We are happy and honored to receive this award that stands as a recognition of our hardwork, dedication, and exemplary and

tailored solutions, in the ISP space.”

The Chairman of Open Media and former Executive Chairman of the Nigerian Communications Commission, Dr. Ernest Ndukwe, chaired the occasion which was also attended by representatives of Zenith Bank, Rack Centre, DHL, GT Bank, Phase3 Telecoms and Wakanow who were also winners in other categories.

Hollandia Soya Milk reiterates health benefit Widely known and loved for its nutritious and health benefits apart from delicious taste and smooth texture, Hollandia Soya Milk from the stable of chi limited, is back with amazing new look, size and design for consumers nationwide.

Commenting on the new launch, Chi Limited’s Managing Director, Mr. ‘Deepanjan Roy said

“We know that health is one of the biggest motivating factors in consumers’ decision making process, so we decided to give them a healthy soya drink that has absolutely no cholesterol leading to a healthy heart and active life”.

According to him, “This is clearly amplified on the pack, which features a strong blue colour combination and an assort-

ment of small icons that typify various sporting activities that connect with the health conscious consumers. The pack is really unique; it comes in 2 fantastic sizes; the 1 litre pack and the smaller 315ml pack which has prismatic shape making it great for carrying about just the right amount of Hollandia Soya Milk to stay active after some strenuous activity.”

7pm, would have the State’s Deputy Governor Mr. Moses Ekpo as its Special Guest of Honour. According to Mr. Ufot, the welcome dinner offers the delegates an opportunity to relax, network and enjoy the hospitality of the state. Whilst commending the organizing committee members for their professionalism, excellence and dedication, he noted that the SO&U Group would continue to play a prominent role in AAAN activities.

Speaking further, Mr. Udeme Ufot described the theme of this year’s AAAN Annual General Meeting “Communication as a tool for National Development as an appropriate and strategic discourse highlighting the importance of communication for national development”. Noting that no country has ever witnessed rapid development without creating a proper communication framework to ensure effective information dissemination.

Adiba.com opens store in Lekki, 3 more stores in Lagos Sequel to the growing population of online shoppers across the country, a top player in the e-commerce industry in Nigeria, Chris Udeji, Chief Executive Officer of adiba.com has disclosed that only 9per cent of the shopping class in Nigeria does it online.

Access to internet on mobile has created massive awareness and players have taken advantage of this platform to launch out several platforms to sell to Nigerians and other shoppers.

Udeji, who spoke to the media at the launch of Adiba.com offline store recently in Lagos said despite the fact that the future of shopping is online, most Nigerians still prefer to touch and feel their goods before the purchase them. Adding that “this is the reason we are setting up physical stores to create

convenience for our customers.”

Online is well defined, said the Adiba.com boss. “We found out that a lot of people have no facility to shop online. Only 9per cent of Nigerians are really shopping online. As a result, you cannot rule out the traditional shoppers and that is why we are giving our online shopping customers the opportunity to interface and know where Adiba.com comes from.”

Since online really do not address the issue of customer complaints, Adiba.com has provided a channel. Customers of the ecommerce platform can now lodge their complaints of whatever form at the physical stores, which would set up in Ikorodu, Ikeja, and Ikota to complement the Lekki’s pilot store. He noted.

Capital Market B6

Daily Times Nigeria Thursday, May 19, 2016

FG moves to float Green Bonds Stories by Afolabi Adesola The Minister of Environment Mrs. Amina J. Mohammed has said that the ministry of environment is taking actions towards creating a green bond as part of its bid to diversify the economy.

This was made known during a courtesy visit to the Nigerian Stock Exchange for the closing gong ceremony on Tuesday in Lagos.

The issuance of green bonds is a means of raising finance for climate friendly purposes. It provides opportunity for economies to grow in a manner that is climate resilient, ensuring poverty reduction whilst meeting its energy deficiency.

According to The Chief Executive Officer of the NSE, Oscar Onyema, these efforts are part of the Exchanges’ sustainability program. Hence a need to provide the platform for the minister to discuss with organisations

under sectors such as the Pharmaceuticals, Building, Industries and fast moving consumer goods listed across sectors of the market.

Mrs. Mohammed who had earlier met with CEO’s of companies in a bid to discover incentives that could foster growth enhance diversification and create a safer environment, explained that her visit to the NSE is to reemphasize the Federal Government’s commitment to sustainable use and management of the environment in the fight against poverty and food security, adding that the ministry of environment requires a cooperative business approach with the private sector.

She further pointed the ministry’s commitment towards putting together a framework and platform geared to tackle the challenges posed by climate change such as desertification, waste management and oil spillage in the Niger delta region.

Typically, a green bond is a

Summary of activities on NSE ASI DEALS VOLUME VALUE CAP

26,763.86 3,976.00 670,803,986.00 2,057,433,113.23 9,192,258,585,900.14

NSIA CEO executes NSE closing gong ceremony The Chief Executive Officer (CEO) of Nigeria Sovereign Investment Authority (NSIA) Mr. Uche Orji visited the Nigerian Stock Exchange to sound the closing gong at the end of trading activities on Wednesday 18th May. Orji while addressing stockbrokers and financial journalists at the ceremony commended the NSE management team and market operators for keeping faith in the market by introducing different classes of products, despite the global economic challenges facing nation.

Speaking on NSIA’s focus, he said that five key areas which includes, agriculture, healthcare, real estate, power, and toll roads will receive attention for the development of domestic infrastructure in the remaining part of 2016 unto 2017.

He also stated that because Nigerian spends a lot in medical tourism, the healthcare sector will see the constructions of five

medical diagnostic centres and a specialist hospital in federal hospitals located in the six geopolitical regions in Nigeria, adding that works have commenced on the Second Niger Bridge, while the National Assembly are having a national stakeholders meeting on tolling policy.

On his part the Doyen of the day Mr Sam Ndata of Compass Securities Limited, urged the NSIA to bring parts of the funds to the market, especially the listable funds. The NSIA has three funds which includes, the Future Generations Funds (FGF) with 40 percent, the Nigeria Infrastructure Fund 40 percent (NIF) and the remaining 20 percent for the Stabilisation Fund (SF).

The NSIA is an agency of the Federal Government of Nigeria set up by President Goodluck Jonathan’s administration on May 28, 2011 to manage funds in excess of budgeted hydrocarbon revenues.

fixed income instrument issued for the exclusive purpose of financing projects that have positive environmental or climate benefits. The typical features of normal bonds apply to green

bonds as their tenors, structures and currencies are based on investor demands. Most importantly, a transparent process is required by investors to ensure that the finance raised is con-

nected to specific projects and the expected positive impacts can be evaluated. Green bonds may be issued privately or publicly by government and corporate entities.

Head, Portfolio Management, Debt Management Office (DMO), Mr. Dele Afolabi; Head, Policy, Strategy & Risk Management, DMO, Joe Ugoala; Vice Chairperson, Capital Market Correspondents Association of Nigeria (CAMCAN), Chinyere Joel-Nwokeoma, Director General, DMO, Dr. Abraham Nwankwo; Chairman, CAMCAN, Goddy Egene; Head, Organisational Resourcing, DMO, Hannatu Suleiman, and Head, Market Development, DMO, Monday Usiade at one-day workshop organised for CAMCAN by DMO in Lagos recently.

Equities market closes upbeat, improves by 0.41 percent The Nigerian equities market on Wednesday improved from previous day’s losses as all-share index (ASI) added 0.41 percent to close at 26,763.86 points against a decline of 0.61 percent to close at 26,655.48 points recorded previously.

Market capitalization likewise added N19.7 billion to close at N9.19 trillion compared to the N56.2 billion loss recorded on Tuesday to close at N9.17 trillion.

The financial sector retained dominance on the activity chart as Wema Bank led the top trad-

ers accounting for 380.5 million shares worth N275.5 million, Diamond Bank traded 60.2 million shares worth N102.7 million, while Transcorp sold 47.3 million shares worth N53.2 million.

Zenith and UBA also transacted 45.1 million and 23.2 million shares worth N671.1 million and N93.5 million respectively.

In all a total of 670.8 million shares valued at N2.1 billion were exchanged by investors in 3,976 deals.

Nigerian breweries led the days 22 advancers gaining N2.48 to close at N127.5 per share, Zenith Bank followed adding 58

kobo to close at N15.02 per share while Guaranty Trust Bank increased by 51 kobo to close at N19.54 per share. Presco and Dangote Sugar grew by 49 and 2 kobo each to close at N35.51 and N6.2 per share respectively.

On the other hand, 7up led the day’s 23 losers dropping N4 to close at N141 per share, followed by Flourmill with a loss of N1.17 to close at N22.33 per share, while Total declined by one naira to close at N169 per share. Unilever and Guinness also depreciated by 79 kobo and 75 kobo to close at N32.01 and 99 kobo per share respectively.

NSE to change how share prices are determined The Nigerian Stock Exchange wants to change the way share prices are determined.

They made this announcement via a recent circular published on its website. According to the exchange, the proposal basically classifies equities into groups for calculating price movements.

Group A: comprises equities priced at N100.00 per share or above.

Group B: equities priced at N5.00 per share or above but less than N100.00 per share.

Group C: equities priced at N 0.01 per share or above but below N5.00 per share.

According to the exchange, the minimum quantity of equities traded that will change the published price of an equity security shall be as follows: Group A: Ten Thousand (10,000) units (presently 50,000 units).

Group B: Fifty Thousand (50,000) units (presently, 10,000 units).

Group C: One Hundred Thousand (100,000) units (newly introduced).

The introduction of tick size, which is the minimum price movement that equities will trade shall be as follows:

Group A: Ten (10) Kobo. Group B: Five (5) Kobo, Group C: One (1) Kobo.

What does this mean? Let’s use one of the group as an example; For (Group A) stocks that are below N5 per share to get a price movement, at least 100,000 units of the stock must exchange hands. If you therefore buy or sell less than 100,000 units the share price will not change regardless of how much you buy or sell it.

Typically, the share price that appears on the stock exchange ticker may not be the same as the price at which the shares was actually bought or sold.

Daily Times Nigeria Thursday, May 19, 2016

B7 Capital Market

NSE DAILY ACTIVITY SUMMARY ( EQUITIES) 18-05-2016

Motoring B8

Daily Times Nigeria Thursday, May 19, 2016

MERCEDES-BENZ SERIES

Luxury bus owners hail FG on subsidy removal, deregulation Stories by Chukwuemeke Iwelunmo

The withdrawal of subsidy on fuel and the recent announcement of a new pump price for the premium motor spirit or petrol by the Federal Government have been hailed by the Association of Luxury Bus Owners of Nigeria (ALBON) as decisions that would have positive impact on the availability of the products to end users.

Reacting the efforts by govern-

ment to address the unending problem of scarcity, the President of ALBON, Sir Dan Okemuo, disclosed that members are of the view that the removal of fuel subsidy would also result in massive private sector investment in the downstream sector of the oil and gas industry.

“It is self-evident that no private investor would invest huge sum of money in a sector that is heavily and rigidly regulated by the Government”, Okemuo argued.

The association, however, appealed to government to plough the savings from the subsidy removal into the maintenance and rehabilitation of major highways across the country.

Last week while announcing government’s latest move to address the problem of availability of fuel in the country, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, had disclosed that any Nigerian entity could now import PMS, subject to existing quality specifica-

Mercedes C-Class to success It is an enduring belief among lovers of MercedesBenz that stepping into any car wearing the three-pointed star badge should lower the driver’s heart rate by a couple of beats per minute, compared to the average car. Such has been the relaxing, calming and comfortorientated qualities of the luxury brand’s interiors, especially the current C-Class.

The C-Class is clearly one of Mercedes-Benzs most popular passenger cars, having sold, as at last year, over eight million saloons and estates of this model series since it was first launched in 1982. But beyond interior qualities and sportiness, the new C-Class has other factors interplaying in its favour.

They range from aesthetic highpoints, like the distinctive and powerful front end of the car, sleek exterior bodywork and

an attractive colorful scheme, to the use of high-quality materials, better performance and impressive fuel efficiency.

Compared to its predecessors, the new C-Class engine is with lower CO2 emissions.

Mention must be made of the intelligent drive systems. These intelligent systems actively support the C-Class driver and noticeably reduce his workload.

They help to monitor and analyse the vehicles’ environment in order to warn and identify

potential dangers. Other generous safety functions include the attention assist, adaptive brake control system and the blind spot assist to mention a few. All C-class models use the companys tried and true 7-speed automatic transmission.

Fuel consumption is greatly minimized due to the Blue EFFICIENCY function. This is responsible for shutting down the engine while the vehicle is stationary or in a red traffic light situation. Its powerful four cylinder engine also assures environmental compatibility and diligence as regards fuel consumption.

The new C-class has more legroom (due to the longer wheel base) unlike the slightly cramped feelings of rear seat passengers in the past, as well as bigger boot space (with a capacity of 480 litres).

tions and other guidelines issued by regulatory agencies.

Dr. Ibe Kachikwu, said all oil marketers would be allowed to import petroleum on the basis of foreign exchange procured from secondary sources.

The ALBON President also said: “The association notes with satisfaction that the deregulation would ensure that petroleum products are readily available in the country as it is envisaged that private investors would embark upon both the im-

portation of petroleum products and the establishment of private refineries.

“However, as we support the removal of fuel subsidy, we also urge the Federal Government to channel the money that would be saved by this removal to the development of the nation’s infrastructures especially the urgent repair and re-construction of major arterial roads across the country to enhance easy movement of people and goods across the country”.

BMW releases new M240i, with 250kW

and CO2 emissions are also said to be 7 percent improved.

Identical upgrades are being made to the five-door BMW M135i, which becomes the M140i.

Lower down the pecking order, the four cylinder 2-litre turbo petrol engines also get a boost with the 120i /220i and 125i gaining an extra 5kW to produce 135kW and 165kW respectively.

The most powerful four-cylinder derivative, the 228i, will become the 230i with a power increase of 5kW to 185kW. Also from July 2016 orders, three new features from BMW Connected Drive, which were previously only available for the BMW 7 Series and BMW 6 Series, will also find their way to the BMW 1 Series, 2 Series Coupe/Convertible, 3 Series and 4 Series. These include a new menu display and higher screen resolution for the infotainment system, and optional wireless smartphone charging. The speech recognition feature will also recognise normally spoken sentences instead of predefined text instructions.

It follows the recent upgrading of the 335i to the 340i with an up-powered version of the 3-litre turbo six-cylinder petrol engine.

From July production, which should be in showrooms around October, the current M235i’s outputs of 240kW/450Nm will be raised to 250kW and 500Nm in the new M240i, which matches the muscle of the 1 Series M Coupe that was built from 2011 to 2012.

The M240i will be available with a choice of six-speed manual or eight-speed automatic transmissions.

Driven :BMW M2 is fast, grippy, vocal.

The power injection improves the 0-100km/h sprint by 0.3 seconds (the 240i now does the deed in 4.8 seconds in manual and 4.6 seconds in auto), whilst fuel consumption

Life&

Times Thursday, May 19, 2016

Jaywon Beyond music and popularity

L2,3

P

Interview L2

Daily Times Nigeria Thursday May 19, 2016

It’s hard for me to quit music

–Jaywon

Next World Music act and CEO, Oluwajuwonlo James Iledara, fondly known as Jaywon, gained limelight courtesy of his new single, Filebe, which became national anthem and ever since, he has proved that he understood the music game properly dishing out mind-blowing songs and breathetaking videos, and shows no sign of quitting music anytime soon. The Kogi State-born super star recently released yet another album titled ‘Oba Orin’ which is doing quite well in the music market.

Jaywon has all the reasons to be happy as he has scaled through past struggle days to a well-bred artiste. Cornered during the shoot of yet another video off his new album, Juwonlo spoke with MUTIAT ALLI about the journey so far, current project and other issues. Enjoy… was released that the first income that comes in must go to charity and I thank the almighty for making it possible for me and with the support of Mr. Churchill (Tonto Dike’s husband), I was able to put smiles on their faces in my own little way.

With your charity move, do we get to see you float your foundation soon?

I don’t think I will want to own a foundation to my name for now because there are so many things attached it. A lot of celebrities own foundations and at the end of the day, there is nothing to show for it. For anytime I am in a good mood, I visit a home to reach out to them in my own small way because it’s always good to give as the heart of giving can never be quantified.

At the point of your visit, were there plans of taking full responsibilities of a particular child that struck you?

Man proposes and God disposes; adopting has always been part of my dream in life, we will see what we can actually do to actually adopt one of these children and take care of them. While I was there, I realised so many things you know; and one is how cruel humans can actually be. I was shocked when I saw a baby who was less than six months old with name Glory that was dumped outside by her supposed parent. I may not have the capacity to adopt one of them now but I have promised that whenever I am in Abuja, I will always stop by to see how they are all fairing.

What informed your decision to take part of the proceeds from the album to charity?

The truth is I have always wanted to do that for so long but when your actions and plans are restricted by record label, you don’t just have a choice than to follow their rules but now that I am my own boss, I can take decisions on my own. I said to myself when the album

Back to your album, why the name, Oba Orin?

Oba Orin is a name I got from one of my fans shortly after I released ‘This Year’ which is one of the greatest songs ever out of Nigeria and still remains ever green. I equally come to term that whenever I perform ‘This Year’ at shows, the response I get is usually Jaywon Oba Orin; so when I was thinking of the title for the album, Oba

Life&

T E A M

You recently dropped your album, ‘Oba Orin’; what has been the feedback since its release?

We thank God, the feedback has been very positive as words of encouragement also follow suit. I am not relenting anytime soon as all hands are on deck towards the coming project. In fairness, we received good comments and for other comments, we will surely work on them as stepping stones. We recently wrapped off the video shoot of a new video from the album titled ‘Gbadun’ featuring Mavin record act, Reakado Banks as directed by my brother, Unlimited LA. Determined as I am, the first two weeks sales of the album was taken to a motherless baby home in Abuja as plans are still in the pipelines for more of such.

Entertainment Correspondent Mutiat Alli

Society Correspondent Abimbola Obatayo

Photography Quadri Olowolagba

Graphics Daniel Ekiye

Orin was the first that came to mind.

In one of your songs, ‘Jolly Muke,’ you were full of praise and sounded more of like a Church Boy? For ‘Jolly Muke’ where I featured Alapomeji boss, 9ice, the song is just a reflection of the glory of God in my life and career as a whole and I took time out to give praises to him because I don’t have any other God that I worship.

Both in the lyrics and video, I showed my hustle spirit from nobody to somebody and the fact that I am still standing in the industry and people still reckon with the brand Jaywon is worthy of praise for me.

Will you say this is the best album so far from Jaywon’s brand?

Remember I cannot be the judge here neither will I say this is my best album judging from my previous work but I leave members of the public to give their verdict on that. When I was preparing to drop this album, I had two albums ready but decided to push this out first and the response I have been receiving is good as people even adjudged it best album in 2016 and album of the year. It’s left for the people to decide if the album is good enough; I sing for people to enjoy my brand the more.

From all the tracks from the album, which will you consider your favourite?

That will definitely be ‘Show Me’ because so far whether you like it or not I’ve been trying to actually keep a relationship, to actually stay calm, stay out of scandal and just have a woman to myself but a times it feels like it’s very hard to achieve. You will realise that the girl you have relationship with turns out be the celebrity when ordinarily you are supposed to be the super star there.

It’s my most beloved track for all the bachelors.

Continued on L3

Daily Times Nigeria

Thursday May 19, 2016

L3 Interview

‘I want to be remembered as one of the greatest Nigerian artiste’ Continued from L2

prayer keeps me going.

Take the music away from Jaywon, define your personality?

Oluwajuwonlo is an easy going personality, friendly and very accommodating; I see myself as the boy next door as music is my life. I am the every other guy on the street but the only difference now is that I am popular because of my chosen career. I am also that person that when angry and you think I will be muddy, with music, I am back to life and won’t remember anything that happened between us. In essence, music gives me life and that’s why it’s hard for me to quit.

Are you currently enjoying your celebrity status?

Of course, it’s good to be known, it’s good to be famous, it’s good to be recognised, it’s good to be ok, to actually know that people love you, they listen to you, they enjoy listening to your music. So I’m enjoying it but I don’t let it affect me.

With several industry players on your album, how easy or tough was it getting them on the album?

It wasn’t easy and at the same time, it was easy because for me, the first question I ask you when I call you for collaboration is “can you do it”? If you cannot do it, let me know now so that I won’t start to chase you up and down like new babe. I think that’s basically what helped me in getting these collaborations done at ease. They were all supportive from the beginning to the end.

So who amongst them, did you enjoy recording with during the album process?

Sincerely, I enjoyed every bit with all the artistes on my album, from the recording process to the finished work. Everybody was eager just like I was too. I want to use this medium to show appreciation to 9ice, Olamide, Reminisce, Tiwa Savage, Reakado Banks, and Ortisefemi to mention but few for making the album a success.

Being the CEO of your label, how do you juggle all the responsibilities of family and tight schedules?

It’s not been easy I must say; it’s been tough but I am enjoying it. I’m enjoying the fact that I’m paying people salary. Of course I run a company and I always tell them if I don’t make money, there’s no way I’ll pay, so you need to work so you can make money you know, so I’m enjoying the fact that I run a company, I’m the boss and I’m still going to get partners as time goes on. It’s been stressful; you can imagine I’ve been in Abuja for how many days, I came into Lagos from Abuja recently and I’m in the state shooting a video already; I have other things to attend to within the period I’m in Lagos, so it’s a lot of work for me. I’m enjoying the fact that the money is coming in and at the same time, I schedule my plans properly.

With your tight schedules, do find time to check on your parents in Kogi?

Off course I find time to visit my parents no matter my busy schedule; my mum understands me very well; her support and

How have you been able to keep off scandal?

It’s not been easy , it’s been God all the way, because I don’t know how I have been able to manage it; I don’t just do more than myself, I stay on my zone and I am cool.

So how do you feel when you read negative stories that are not true about you?

I just laugh it out because I know them very well and I know that, ok, it’s important that the paper must sell or the online platform is trying to gain traffic. I just feel bad when some artistes go out to actually react, sometimes you just have to ignore, ignore everything if you don’t want it to trend but if you want it to trend, you can talk.

The industry has witnessed a lot beefs and controversies this year; do you think hitting fellow artistes is necessary?

I don’t know of anybody but for me, I think it’s good because when someone fires at you wrongly, be prepared for a feedback that has sense in it. The thing is sometimes it’s fun, you know, sometimes it’s just fun, you just have to speak up and you have to ignore a whole lot of things. So, when I hear people say, people steal songs, they’ve been stealing my song from the beginning of my career till date and sometimes I just ignore them, but when I feel like talking, I would say like ‘come on men, give me some kudos, give me some respect’. This is my intellectual property, when you pick a line or two from my song, accord me the respect.

From somebody who started with ‘Filebe’ and taking over the industry, what do you think is your Unique Selling Point?

My voice is still my market and when I started, people said I sing like 9ice but today I’m happy they’ve been able to differentiate us and you know 9ice is baba, Jaywon is baba now too. We thank the Lord.

Do you have any female artiste you are dying to have collaboration with in the industry?

I seriously want to do collaboration with Asa because she is one of the greatest female artistes from Africa; I respect and love her craft so much.

So, do you have a celebrity crush?

None for now.

Which award are you like looking forward to have one day?

It’s not an award, it’s just, I don’t just want to come to the industry and go. I want to be remembered for good, to be one of the greatest Nigerian artistes, greatest ever out of Africa, so it’s more than an award to me, it’s like a mark. Just like one of my uncles use to say; wither you are good or bad, you will be remembered. What you will be remembered for, that’s what is most important. I want to be remembered as one of the artistes who ever came out of Nigeria or Africa and he’s doing great.

Has there been any point in your career that you’ve felt like quitting?

Yes there have been times when I felt like quitting the music career because it’s actually weird when you do things right and some people feel like it’s not enough, if you don’t make yourself visible enough, people feel like he’s dead. You can just satisfy a quota of the populace even if you keep it real.

What’s the craziest thing a fan has done to you?

Asking me to sign autograph somewhere crazy, at least that’s one of the craziest ever that I’ve ever experienced.

When should we be expect the wedding bell?

This year.

Music Gist L4

Daily Times Nigeria Thursday May 19, 2016

Mutiat Alli

Love meets art in Simi’s ‘love don’t care’ video 2Face and Mr. Godwin Obaseki, APC gubernatortial aspirant

2Face and Mr Matthew Iduoriyekemwen, PDP gubernatortial aspirant

2Face takes Vote Not fight ….Visits Edo State campaign to Edo gubernatorial aspirants While in Edo State to receive his honorary degree from Igbinedion University, Okada, 2Baba took the opportunity to promote his ‘Vote Not Fight’ campaign in the state with the coming gubernatorial election holding in November, 2016. 2Face paid a courtesy visit to Mr. Matthew Iduoriyekemwen - the PDP gubernatorial aspirant for the state - and presented him with a bottle of Campari before officially introducing him to the #VoteNotFight campaign. The aspirant expressed delight at the visit and assured 2Baba that he would do his part to ensure peaceful elections take place in Edo State.

Courage, emotions and exciting talents on episode six of The Voice Nigeria!

In what is already turning out to be one of the most exciting competitions on African television, viewers were once again treated to a spectacular blend of entertainment, courage, passion and incredible talent as aspiring singers thrilled coaches and fans alike in episode six of The Voice Nigeria, proudly sponsored by Airtel in association with Coca Cola.

Sunday’s episode saw #TeamTubaba win over the silky voiced Obed Ogbonna and the petite songstress Precious. #TeamWaje continued her impressive streak as she won over male vocalists Promise and Uche Michael, while #TeamPatoranking scored with Benjamin and #TeamTimi successfully wooed Kofo.

Highlights of the show included the performance by visually impaired Adim, who inspired a rousing applause from the audience for his courage, and opera singer Amanda who could not garner support from the coaches despite a sterling performance.

At the end of the episode, the teams were neck deep in competition with #Teamwaje leading the pack with 11 talents. #TeamTubaba, #TeamPatoranking and #TeamTimi each have 10 talents in Africa’s most exciting television show.

Timi

Waje

Not stopping there, the pop star equally visited the APC aspirant, Mr. Godwin Obaseki to seek support and enlighten him about the #VoteNotFight campaign. Mr. Obaseki, like his PDP counterpart, assured 2Baba of his unflinching support for the campaign and assured him of his commitment towards ensuring peaceful elections in the state.

The “Vote Not Fight, Election No Be War” campaign is an initiative that seeks to promote peaceful participation in elections, one that recognises that political participation, not violence, is the best way to advocate for change.

HoneyTongue’s Mother of All Comedy Concert set to hold in Lagos

Signed to X3M Music label, Simi’s meteoric rise in the industry emphasises the label’s reputation in building music superstars.

Again, Simi wows her fans with her artistic talents in the new music video of ‘Love Don’t Care’. Released this year, on Valentine’s Day precisely, the love ballad speaks of a love that soars above tribal and social prejudices. Since its release, the ballad has received massive airplays due to its compelling narrative and beautiful harmony of the traditional instrumentals.

Known for her comedic storytelling lines with evocative messages, Simi showcased her artistic taste in this video. The use of space and African prints in the video perfectly balances the folktale imagery of the song.

The video starts with Simi lying on a bed. Another character playing her mother is also seated on the bed making a call while Simi

beautifully sings. The video follows similar narratives, carefully making the characters glued to their part without direct communication with the singer. The video ends with Simi returning to her bed.

Simi also dazzled her fans with her ballet dance steps, proving once more that she is multi-talented.

Directed by Clarence Peters, the video is subtly embellished with iconic images of Nigeria’s history, reminding us that in our diversity lies our unity.

Simi

Meet Omo Baba Teacher

Owen-G The long awaited comedy concert tagged #HoneyTongueFunnyByNature is scheduled to hold in Lagos on Sunday, May 29, 2016 at the Open Arcade event centre, Ogba, Lagos.

In a chat with the organiser, Adeyemi Asaba, he disclosed that the event is set to become a standard for the comedy and entertainment industry in general.

With the lineup of artistes and comedians invited to perform, guests will be treated to wholesome entertainment in a very unusual way. The organisers of #HoneyTongueFunnyByNature have concluded plans to make this event a much talked about show long after it is gone.

With a blend of comedy, music and dance; the show promises to thrill everybody to the peak with rib-cracking jokes from the host and the array of stars who will also grace the stage that includes Owen G, Drsmile, 1stBon, Saco, Still Ringing, Ajele, Calibird and MC Damola others are Kenny Blaq, Arole, ATM, Password and HumourMongaz.

OBT, an acronym for Omo Baba Teacher (Yoruba for The Teacher’s child), is a Nigerian singer, song-writer, music producer and performer. Born February 4, 1995, OBT (real name, Adigun Samson Adeyinka), was raised on a combination of Fuji, Juju, Highlife and Gospel music. At the age of twelve he taught himself to play the drums and over the years has mastered his creativity.

Influenced by the music and performances of musicians that includes Brymo, 2Face and King Sunny Ade, OBT is fully prepared for the industry as he recently dropped his official single titled ‘Dance’ as produced mixed and mastered by South African based producer, Dr. Jazz.

‘Dance’ a feel good song that reminds people how important it is, especially in difficult times to dance and be merry. The song is an absolute breath of fresh air and a break from the usual sound clouding the Nigerian airwaves.

In chat with Life &Times, OBT disclosed that he is on the move to change the face of music in the industry with the blend of afro pop and highlife tunes.

OBT

Daily Times Nigeria

Thursday May 19, 2016

L5 Movie Gist

Mutiat Alli

Femi Branch celebrates 25th Lip Sync Battle Africa: Industry anniversary with “Shalanga” Uti Nwachukwu goes head-to-head ... Featuring Yaw & AY on Democracy Day against Tumisho Masha Renowned playwright and director, Femi Branch is set to showcase his latest stage play titled “Shalanga” at the eighth edition of Yaw’s annual event holding on Sunday, May 29, 2016 at the Eko Hotel Convention Centre, Victoria Island, Lagos.

The play is one of Femi Branch’s new books in celebration of his 25th anniversary and it features the acting talents of Steve “Yaw” Onu and AY. Shalanga is a satirical stage play that mirrors the past and present of the country in a tongue-in-cheek fashion. It is the latest in a series of stage collaborations between Yaw and Femi Branch following previous edition of the show that featured Koffi in a stage play ‘PO’.

In addition to the much-anticipated stage play, the night will also feature performances

Uti

Femi Branch from Phyno, Olamide, Korede Bello, Reekado Banks, Burna Boy, Solidstar, Seyi Shay, Adekunle Gold, YCEE, Naomi Mac, Reminisce, Humble Smiths, Lil Kesh, Vector and comedians of the federal republic.

Yvonne Jegede shares thought on depression With the alarming rate of reports of suicidal attempt in the country, talented Nollywood actress, Yvonne Jegede has shared her thought via her social media page saying high percentage of suicidal attempt is as a result of depression.

In her post, she wrote: “Depression is an ailment we Africans take for granted. We assume when someone cries out for help it is “attention seeking”. We don’t have to wait for someone to take their lives before we know they weren’t joking or seeking attention. People have issues that money or achievements can’t solve, sometimes its finding peace. When you feel you have no reason to live, some people pray to be in your position so that they can at least be grateful. Don’t keep your troubles to yourself, speak to people around you, e.g your guardian, spiritual leaders, older/experienced friends... The human mind is very tender and can be polluted by thought and voices that can drive one to do things another man will never be able to understand.

Nigerian BBA winner/TV Personality, Uti Nwachukwu and South African actor/TV presenter, Tumisho Masha, are the latest celebrities to feature on reality contest, Lip Sync Battle Africa. The duo will clash in a sizzling on-screen confrontation in front of millions of TV viewers across Africa, dissing each other in comic mockery.

After lip syncing (or miming) to two songs of their choice, just one of them will lift the Lip Sync Battle trophy.

Commenting on his appearance in the upcoming episode, Uti said: “Are ya’ll ready for a lot of fun??? Even I don’t

know what to expect!!One thing’s for sure!!!

- I’m in it to win it, so Tumisho had better watch out! I’m coming for him like fire & brimstone!!! Hehehe. Anyway guys, I hope you all have fun watching me do my thing!”

Responding, Masha said: “I love Lip Sync Battle and I can’t wait to hang out with Pearl and D’Banj on set, and perform some of my favorite songs for the audience. I hope the viewers at home will have as much fun seeing me in costume as my wife did!”

The African version of the global TV hit, Lip Sync Battle Africa is hosted by South African actress and TV presenter, Pearl Thusi, alongside Nigerian superstar, D’Banj.

Episode 4 of Lip Sync Battle Africa airs on

Road to AMAA 2016: Soldier story, Osimiri, others lead nomination

Yvonne

Seun

Tumisho

As the date of to AMAA 2016 draws near, over 420 films from filmmakers across 25 African countries of which 25 feature films and eight short films have been nominated by the jury for the awards. Joining them are Soldier’s Story and Osimiri. South African highly rated flick, ‘Ayanda’ and Ghanaian flick, ‘The Cursed One’ are also among.

Nigeria’s OC Ukeje and Daniel K Daniel will be slugging it out in the Best male in a lead role category alongside their contemporaries from other parts of Africa.

While Iretiola Doyle, Omoni Oboli, Dakore Akande and Nse Ikpe-Etim have been jointly nominated for the Best Female Lead Act joining Zina Ojei, Adesua Etomi and Fulu Mogoveni to contest for one of the most coveted category of the awards

ceremony.

The award head of jury, Husseini disclosed that AMAA received nominations from Cape Verde, Gambia, Morocco, Uganda, Togo, Burkina Faso, Ghana, Cameroun, Mali, Ethiopia, Niger, Kenya, Algeria and Egypt, including Nigeria and expressed satisfaction about the quality of the films.

“We are very happy about the quality of works that came into the competition this year and it gladdens our heart that every year the objectives of the awards are being achieved with film makers in Africa and beyond upping their game,” said Husseini.

Africa Movie Academy Awards (AMAA) scheduled to hold on June 11, 2016 in PortHarcourt, Rivers State.

Toyin

Seun Egbegbe takes chill pill on Toyin Aimakhu Weeks after dragging their affair to the public, Movie marketer, Seun Egbegbe after several threats to actress Toyin Aimakhu career after their relationship went soar, has retracted his foul word after the Lagos State Police Command intervened on the issue.

The movie producer not only apologised for his words but also signed a police undertaking not to disturb Toyin Aimakhu.

Seun Egbegbe, who was asked to

report to the office of the Lagos State Commissioner of Police, Fatai Owoseni, on Monday, May 16, 2016, has now agreed to desist from disturbing the actress.

As for his apology, Seun Egbegbe of Ebony Films wrote: “I hereby regret any inconveniences I might have caused Toyin Aimakhu. She’s is an A-list actress, anyone who wants to do business with her should deal with her as a celebrated artiste. I wish her the best.”

Daniel K Daniel

Adesua Etomi

Mixed Grill L6

Daily Times Nigeria Thursday May 19, 2016

Mutiat Alli

GCGT enters grand finale

...as brand ambassador set to release official single

L-R: God Children Great Talent (GCGT) Ambassador, Praise Olorunsuyi; one of the Judges, Mr. Wole Oni; member GCGT Board of Trustees, Regina Jemide and Executive Secretary, GCGT, Bimbo Nwozoro, at the press conference to announce Grand Finale of the GCGT competition in Lagos, on Tuesday.

In its 6th season, organisers of the yearly God’s Children Great talent (GCGT) have revealed that the competition finale following the success recorded during the regional and semi-final will hold May 30, 2016 at the Eko Hotel & Suites in Lagos. With over 2,000 entries, ten contestants have been shortlisted to battle for the ultimate prize of five million naira.

In a chat with Life &Times, member GCGT Board of Trustees, Regina Jemide disclosed that entry into the competition was free as the GCGT competition is a social development project of the Redeemed Christian Church of God, Apapa Family which focuses on discovering, grooming and producing young talents and stars in the various fields of artistic expression across Nigeria and beyond.

TV personality, Uti Nwachukwu, Sarah

Boulous, Dayo Benjamin-Laniyun, Wale Oni, and Jeremiah Gyang amongst others have been revealed as the judges for the grand finale while prolific music producer, Cobhams Asuquo, is a guest performing artiste.

However, high point of the grand finale is the release of the first official single of the Season 5 winner of the contest who equally doubles as the brand ambassador, Ms. Praise Olorunsuyi, an undergraduate of the University of Lagos.

This year’s edition of the contest had multinational brand as Cadbury Bournvita, Airtel, and Alexander Forbes amongst others as partners.

Adebola Williams announced as Globacom brand ambassador Media personality and co-founder of Red Media Africa, Adebola Williams, has joined the list of brand ambassadors of the national telecommunications operator, Globacom. He is the first non-entertainment ambassador for a major Nigerian telecoms company.

A statement released in Lagos by Globacom on last week said Williams is among the new set of ambassadors signed on recently by the firm.

The media personality has quickly settled down as brand ambassador by featuring in a television commercial which is already running on local and international media including CNN, the statement noted.

The telecoms company said it decided to expand its list of ambassadors to include younger, hardworking Nigerians whose achievements in entrepreneurship and other endeavor are inspiring the coming generation. Although many of its brand ambassadors are entertainment and sports celebrities, Glo explained that it desires to demonstrate to youths that even without being in sports and entertainment they could still be rewarded and celebrated as long as they showed diligence in their chosen areas of endeavor.

Williams is co-owner of the very successful brands, The Future Awards Africa, Y! Africa

and YNaija.com. He played a major role in the rebranding of President Muhammadu Buhari for the 2015 general election.

In 2015, Globacom added several new celebrities to its brand endorsement portfolio.

They include comedians Bovi Ugboma and Ayo Makun, popularly called AY. Musical artistes, Reekado Banks, Korede Bello and Hadizah Blell (Di’ja), as well as Nollywood stars, Patience Ozokwor, popularly called Mama G, and O.C Ukeje.

Debola

Lagos, Ogun agog for Goldberg Fuji audition The cities of Egbeda and Sango-Otta in Lagos and Ogun states respectively came alive recently when thousands of upcoming Fuji artistes trooped to Havannah Hotels, Egbeda and Maridom Palace Hotel, Sango-Otta the venues for the auditions for the annual Fuji music talent hunt, Goldberg Fuji t’o Bam, to battle for the Wura 1 crown of Fuji and a cash reward.

The annual Fuji concert which is in its fourth edition started with a glamorous audition filled with twists and turns as contestants strived to outsmart themselves to make the list of those who will proceed to the quarter final.

Among the contestants who auditioned in Havannah Hotels was Ibrahim Kareem, a blind man who came from Ilorin, the capital of Kwara State to participate in the contest.

Speaking about his participation, Kareem, whose stage name is Fuji Solution, said people

should not look at his status as a blind man but base their assessment on his performance.

He disclosed that he was not born blind, but blamed his plight on an unfortunate incident that robbed him of his sight.

Addressing the contestants before audition, Alhaji Sikiru Ayinde Agboola (a.k.a SK Sensation), Chairman, National Project Committee of the Fuji Musicians Association of Nigeria, who is also Chairman, Panel of Judges; encouraged them to put in their best. He said the judges were looking for the best amongst them; thus every participant will be given equal opportunity. Other members of the Panel are: Alhaji Isiaka Ayinde (a.k.a Fine Kabaka), a Fuji musician; and Mr. Adekunle Abolade, Radio/TV Presenter and Yoruba Film Actor.

At the end of the keenly contested auditions, a total of 40 outstanding potential Fuji talents grabbed the selection ticket at the two centres.

Audu Maikori, Chude Jidenowo, others for New Media conference

Audu Maikori and Tosin Ajibade After recording success at the maiden edition of the conference, organisers of the New Media Conference have hinted that all hands are on deck towards the smooth running of the second edition of the conference billed to hold 27th of May, at Four Points by Sheraton Hotel, Lagos.

The year’s theme is: “Business Unusual: Nurturing a more Vibrant New Media industry in Nigeria”, and will cover topics relevant such as Corporate branding, Digital Agency, Social Media Influence, tech blogging and New Media.

“This year’s conference is particularly important,” said conference organiser, Ms. Tosin Ajibade, adding, “we are converging to articulate

interests and inputs from stakeholders in the Nigerian online/digital media space and seeking to turn the results of that conversation to real-world uses. Following the success of the maiden edition in 2015, we will be broadening and deepening the conversation in 2016.

“With the support and partnership of leading brands and experts, we are committed to empowering and enlightening individuals and corporate organizations with useful information and exposure towards a more rewarding new media practice in Nigeria.

“We would be having NMC Showcase, where selected participants are allowed to showcase and exhibit ideas. The winner will get a scholarship worth N300, 000 from Orange Academy”.

This year’s conference will feature keynote speakers that includes Mrs. Lola Masha, Country Manager for OLX Nigeria, Ms. Olajumoke Okikolu, Senior Manager, Product Marketing at Samsung Electronics West Africa (SEWA) and industry experts like Chude Jideonwo, Adaora Mbelu, Ono Bello, Audu Maikori, Subomi Plumptre, Femi Falodun, Chinedu Abili-Mordi, Joy Isi Bewaji, Oluseun Onigbinde, Iyinoluwa Aboyeji, Bankole Femi and more.

Land tussle: PMAN urges FG, IGP to wade in The Performing Musician Association of Nigeria (PMAN) has sought the support of the Federal Government and the Inspector General of Police to wade in into the association’s land tussle case of monumental fraud, stealing, forgery and criminal conversion of PMAN landed property in Abuja against Mr. Tee Mac and his cohorts.

According to the PMAN president, Mr. Pretty Okafor, the Performing Musicians Employers’ Association of Nigeria otherwise known as “PMAN “as registered under the Trade Union’s Act of the Federal Republic of Nigeria, was allocated a parcel of land measuring more than 8 hecters for the purpose of developing a modern day music and entertainment complex in Abuja by the Federal Government of Nigeria in 1992 and thereafter, reallocated between 1999 and 2003. While arrangements

were being made to develop the place in accordance with the original plan, Mr. Tee Mac Omatshola Itseli in 2010, clandestinely went to the Corporate Affairs Commission (CAC) and registered ”Performing Musician Association of Nigeria- using the same acronym (PMAN), with which he deceived the FCT authorities that granted him a certificate of occupancy of the said land.

Meanwhile, the Inspector General of Police, Mr. Solomon Arase, has set up a high powered investigation into the matter, by inviting all those involved in the issue to come and say what they know.

With this development, it is hoped that the association albeit, the Industry will soon heave a sigh of relief as the cause of the perennial crisis of the body will soon be over.

Daily Times Nigeria

Thursday May 19, 2016

L7 Music&Movie/Review

Joey Akan

Album Review: Kiss Daniel has a lengthy triumph in “New Era” album It is gladdening to see a fledgling act in Nigeria break free from the shackles of underground music and into the light of mainstream acceptance. For this to happen, the artiste needs three potent elements to make that push to commercial freedom – appealing content, intense marketing, and a shrewd understanding to make a star out of yourself.

Having a hit song still remains the surefire way, but the consistency to stay fresh and renewed keeps you in the limelight. That’s why the history of Nigerian music, and life itself is laden with many who flattered to deceive, flashed once in the pan, never repeated their trick, and quickly returned to dire obscurity.

Kiss Daniel had his big flash in 2015, ushering in a Christmasbeaten Nigeria into the dreaded year of the General Elections with the melody and drums of ‘Woju’. That trick has since found a way to be consistent, and it has led him to this point where he is recognized as a Nigerian star. Just over a year since that big break, he has kept his hits rolling off a conveyor belt, looking pretty, and begging to be appreciated. Those hits have spawned an ambitious album, where the only feature on it was from the family – G-Worldwide Entertainment – with label mate Sugarboy having the three nods on the project, together with production and writing credits.

Kiss Daniel brings on the magic from the start, announcing his ascendancy in Nigerian music with the thumping ‘New King’, before going on a long, heady, love-filled journey to win a girl’s heart. The singer sticks to the subject which has been largely responsible for his success. The track album feels like an emotional meandering through all the stages of love and romance, peppered with gratitude to God for success.

Love shines through on the tropical ‘Jombo’, the ubiquitous ‘Mama’, the haunting ‘Gobe’ and many others. There’s happiness on ‘Good time’ and ‘Laye’, vacant spaces on ‘Give into’, and an Akon-esque burlesque feel on ‘Kudi’. The best work on this album resides on ‘Are you alright’, an immersive, percussion

heavy candy, as Kiss Daniel passionately deals with the relationship between money and love, while ‘Kiss me’ gives up a longing that is paradoxically clingy and manly in execution.

The singer’s vulnerabilities shine forth, as effortless songwriting make him shine.

Versatility is also one of Kiss Daniel’s strengths. There’s a rattling dancehall patois on ‘Sin City’, while the clangy gong on ‘Duro’ combines with Kiss Daniel to bring out a delivery

reminiscent of 9ice in his prime. There’s also the much crowded reflective and thankful tracks about the struggle and success. ‘All God’ is perhaps the most popping thanksgiving song that has ever been laid in a studio. ‘Alone’ employs cohesive live elements, while another day is morbidly satisfying.

Even though a majority of songs do not fall flat on their faces, the lack of external influence is missed. Sugarboy appears on three of the weakest tracks, with the choice of songs unflattering to the talents of Daniel’s trusted label mate. A selective infusion of Hip-hop and dancehall acts would have done wonders for ‘New King’ and ‘Sin City’.

Kisss Daniel is an insanely gifted act who possesses a wide range of delivery styles, and he utilizes this to stellar effects on the album, with each song presenting a new vocal facet of the man. A 20-track album, this delivery works wonders to bypass the law of diminishing returns, and where it fails, it is not too evident.

Where Kiss Daniel scores his home run is in the songwriting of the album. “New Era” wins heavily in that department, with very few holes in the lyrical composition of the LP. Production was limited to a very select crop of engineers who brought their most diverse sounds on it.

Kiss Daniel’s first effort is a model for today’s acts. This is the era where people can boast of the top awards in music with no album. Where instant gratification and internet assisted shortcuts to fame have neutralized the gatekeepers of the Nigeria music industry. This is the age where technology rules, and old fashioned sweat is frowned upon. Kiss Daniel seeks to marry both worlds, releasing a solid body of work, barely a year after fortune smiled on him and his hard work payed. Perhaps that is why he feels like the real deal, combining substance with the pop-adored ‘fineboyism’ to make music which is immersive, content-filled, and worthy of a “New Era”.

Antique failed to deliver on its promise Ife olujuyigbe A 2014 film, The Antique tells the story of a kingdom invaded by spirits and robbed of a priceless antique that holds a major significance in the royal family. Forty years after this antique is stolen, the king’s son (Samuel Ajibola) is struck with a deadly illness that can only be cured when the antique is recovered by a young maiden from Irava, the land of spirits. Uki (Oge Indiana), a young motherless girl is chosen in spite of pleas from her old father and her lover, Uyi (Gabriel Afolayan). While she is away, a vindictive widow, Isoken (Kiki Omeili) tries to seduce Uyi and is later discovered to have sabotaged the selection process along with the chief priest for very selfish reasons.

Produced by Darasen Richards and Adetokunbo Odubawo (Dj Tee), The Antique makes a failed attempt to connect to the present day by making it a story told in the museum to an inquisitive visitor (Olu Maintain) by the curator (Tee A). In the end, the antique is stolen very unconvincingly by a white man. How he manages to pull this off without the instant judgment the gods are famous for puts the acclaimed potency of the antique in question.

The storyline isn’t the most original, following the likes of Nollywood classics like Igodo and The Egg of Life, stories renowned for sending men or women in search of a relic that can save the lives of other villagers. Still, The Antique infuses its own uniqueness with the story of the scheming seductress who really is the unsuspected antagonist. There is also an inclusion of comic relief with Uriri, portrayed by famous comedian Akpororo.

A love interest is not new, but it works with Uyi’s profession of his undying love in spite of the many challenges he has to face to prove it. Loyalty on the part of Osas (Omowumi Dada) also makes for a pleasant spice.

Epic movies mean attention to detail in costuming and props, and The Antique does a brilliant job at it, with the setting and accessories employed. The cinematography is brilliant and so

is the soundtrack, which is very cultural and fitting for every scene. I am a fan of how the movie begins by focusing first on the lovebirds and gradually tilting towards the rescue journey.

Despite knowing that the entire plot is centered on the antique, it is brilliant that the writer manages to create a balance of the happenings in the village with the adventures on the way to Irava.

The movie is star-studded, with some of the biggest veterans making cameo appearances, although some of these seem unnecessary. The queen (Bimbo Akintola) is initially portrayed as having an interesting story about her, but we quickly realize it is all a fluke, as her character does almost zilch eventually. Ricardo Agbor who acts as Oba Akugbe barely does a thing except frown and bare his beads-adorned chest. Kiki and Omowumi give stellar performances, embodying their roles perfectly, and while Gabriel is the innocent lover boy to be empathized with, the chemistry between him and Oge seems almost nonexistent.

Olu Jacobs is handed the predictable role of king once again, and while he is great at it, it springs no surprises whatsoever.

Funsho Adeolu’s performance as Enoma, an old, poor and grieving father is ovation worthy, especially with the way he carries himself like he’s three times older.

The Antique would easily have been a classic without its sloppy end, which not only waters it down with its terrible acting, but also reduces the credibility of the entire story. Minor grammatical errors too do not help matters. For example Uki says at some point, “I am Ukinebo…I have overtook…’ and it would seem like Tee A wasn’t given a script at all as he keeps stuttering through his scene, fishing for what to say. The Antique doesn’t deliver well on the promise of its stars, and doesn’t quite hit the spot, thanks to its inconsistencies, but it passes for a good attempt; something a little more attention to detail could have fixed.

Daily Times Nigeria

Thursday May 19, 2016

Showing on

Showing on

Movies Comedy Channel 104

Movies ACTION Channel 110

22:28

13:00

Thu, 19 May16 SL

Thu, 19 May | PG 13V

Oscar winner Kevin Spacey and Danny star in this film about three salesmen who dissect life as they wait for a man who could make or break their sales targets. Danny DeVito, Kevin Spacey.(1999)John Swanbeck

Jackie Chan turns on the charm in this action film. A chauffeur is thrust into the world of international espionage when he puts on a suit that gives him extraordinary powers.

Jackie Chan, Jennifer Love Hewitt. (2002) Kevin Donovan.

101 M-Net

23:35 Behind The Scenes: Unbroken 00:00 Chicago Med 00:50 Behind The Scenes: 1st Project 01:20 Shakesspeare School Year 02:28 Behind The Scenes: Walking On Sunshine 02:40 Behind The Scenes: Annie 03:15 Made In Hollywood

04:00 MasterChef Australia 05:00 The Ellen DeGeneres Show 05:59 The Middle 06:29 Sarah Graham's Food Safari 07:30 Chicago Med 08:30 From Rough 10:04 Behind The Scenes: The Theory Of...

10:30 The Goldbergs 11:00 The Ellen DeGeneres Show 12:00 MasterChef Australia 13:00 Carte Blanche 14:00 Shades Of Blue 15:00 Modern Family 15:30 The Big Bang Theory 16:00 The Ellen DeGeneres Show 17:00 Kevin From Work 17:30 MasterChef Australia 18:33 My Story

118 Telemundo

23:40 The Face Of Destiny 00:30 Elena's Ghost 01:20 Broken Angel 02:10 Broken Angel 03:00 The Face Of Destiny 03:50 Fearless Heart 05:20 Elena's Ghost 06:10 Husband For Hire 07:00 The Face Of Destiny 07:50 Fearless Heart 08:40 For Love And Justice 09:30 Cruel Love 10:20 Husband For Hire 11:10 The Face Of Destiny 12:00 Fearless Heart 12:50 For Love And Justice 13:40 Cruel Love 14:30 Husband For Hire 15:20 The Face Of Destiny 16:10 Fearless Heart 17:00 Broken Angel 17:50 Broken Angel 18:40 Husband For Hire 19:30 The Face Of Destiny 20:20 Fearless Heart 21:10 Broken Angel 22:00 Broken Angel 22:50 Husband For Hire

120 BBC Brit Entertainment

23:14 The Graham Norton Show

11:10 Would I Lie To You?

00:04 An Idiot Abroad

11:40 QI

00:54 The Cube

12:15 The Cube

01:41 Police Interceptors

13:05 Top Gear

02:29 John Bishop's Australia

14:55 Police Interceptors

03:24 Undercover Boss USA

15:45 Undercover Boss USA

04:10 Pointless

15:55 Would I Lie To You?

05:00 The Cube

16:20 QI

05:50 Would I Lie To You?

17:00 Pointless

06:25 QI5

18:00 Top Gear

07:00 Police Interceptors

19:00 Dragons' Den

07:45 Top Gear

20:00 QI

08:40 Pointless

20:30 Youngers

09:35 Undercover Boss USA

21:10 Top Gear

10:20 Ducks Quacks Don't Echo

22:05 Top Gear: Special: Best Of British

155 AfricaMagic World

152 AfricaMagic Epic

23:37 Behind The Scenes: Secret Room 00:00 Music On Africa Magic

23:00 Most Shocking 23:50 World's Wildest Police Videos 00:40 World's Wildest Police Videos 01:30 Freakshow 01:55 Extreme Reality Clips 02:20 Sexy Car Wash 03:15 Sexy Car Wash 03:45 Video Zonkers 04:10 South Beach Tow 04:35 South Beach Tow 05:00 World's Wildest Police Videos 05:45 World's Wildest Police Videos 06:35 Top 20 Countdown: Most Shocking 07:25 Video Zonkers

07:50 South Beach Tow 08:15 South Beach Tow

09:00 Good Morning Africa

08:40 Most Shocking

10:00 Lies That Bind

09:35 World's Wildest Police Videos

10:30 Lies That Bind

10:30 World's Wildest Police Videos

11:00 Lies That Bind

11:30 Baywatch

11:30 Lies That Bind

12:30 Top 20 Countdown: Most Shocking

13:00 Music On Africa Magic 14:00 Music On Africa Magic 15:05 Music On Africa Magic

01:00 Good Morning Africa

16:00 Star Gist

00:10 Mystic Mirror

11:10 Maiden Of Destruction

02:05 53 Extra

16:35 Deal Or No Deal Sa

01:26 Mirror And Beauty

12:39 Sacred Skull

02:45 Star Gist

17:25 53 Extra

02:25 Africa Rising: Behind The Scenes

14:20 Twins Of The Rainforest

03:15 Star Gist

18:00 Jara

14:48 Behind The Scenes: The Place

03:45 Jara

18:30 Tinsel

15:00 Enemy Must Obey

04:25 Jara

19:00 Lies That Bind

17:02 Enemy Must Obey

05:00 Goodmorning Africa

19:30 Lies That Bind

06:01 Only Hope

19:10 The Mastermind

06:00 Deal Or No Deal SA

20:00 Jacob's Cross

07:50 Mother's Tears

20:55 Behind The Scenes:Next Dean

07:00 53 Extra

20:55 Jacob's Cross

09:31 Painful Secret

21:05 Royal Desire

07:30 Star Gist

21:55 Jacob's Cross

05:35 Behind The Scenes: Secret Room

128 SONY MAX

08:00 Jara

12:00 Deal Or No Deal SA

03:40 Impostor

L8 TV guide

13:30 South Beach Tow

14:00 World's Wildest Police Videos 15:00 World's Wildest Police Videos 16:00 Most Shocking 17:00 Top 20 Countdown: Most Shocking 18:00 South Beach Tow 18:30 South Beach Tow 19:00 Baywatch 20:00 Extreme Reality Clips 20:30 Rude Tube 21:00 Rude Tube 21:30 Freakshow 22:00 Sexy Car Wash