lliE GUARDiAN', Monday,April18,20n
261 BUSINESS
How Middle East, North Africa's crises hiked food prices, byWorld Bank By Adeyeml Adepe1un with agency report 'J'HE World Bank has 1 warned that rising food prices, driven partly by rising fuel costs, are pushing millions of people into extreme poverty. The World Bank, which said world food prices, was 36 per cent above levels of a year ago, stressed that the hike was driven by problems in the Middle East and North Africa, and remain
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volatile, adding that this has pushed 44 million people into poverty since last ·June. Speaking at the International Monetary Fund and World Bank spri ng meeting at the week· end, the President of World Bank, Robert Zoellick, said a further 10 per cent rise would pusfi 10 million more below the extreme poverty line of $1.25 (76p) a day. ?oellick warned that 10 per
THE COMPANIES AND AlliED MAnERS ACT, 2004 MEMBERS' VOlUNTARY WINDING UP PURSUANT TO SECTION 451
cent the price of staples could lead to 34 million more poor. Accoraing to the World Bank estimates there are about 1.2 billion people living on less than $1.25 a day. "More poor people are suffering and more people coula become poor because of high and volatile food prices. "We have to put food first and protect the poor and vulnerable, who spend most
of their money on food." The World Bank says prices of basic commoaities remain close to their 2008 peak, with the J'rices of wheat, maize an soya all rocketing. The only exception, accord· ing Zoellic, is nce, which has fa llen slightly in price in the past year. The bank suggests a number of measures tQ help alleviate the impact of high food prices.on the poor.
THE FEDERAL REPUBLIC OF NIGERIA THE COMPANIES AND AlliED MATTER ACT. 2004 MEMBERS' VOLUNTARY WINDING UP
RC: 491,208
OF
EXTRACTS OF WRITTEN RESOLUTION OF THE SHAREHOLDERS OF WEST AFRICA ESMISA (NIGERIA) LIMITED DATED 11TH DAY OF APRIL 2011
WEST AFRICA ESMISA (NIGERIA) LIMITED RC: 491,208
Notice Is hereby given that pursuant to the prbvtsions of
PURSUAIIT TAl.ElTIUN 491f11UFTHE DlLMnUSA.AlUEI.JA11EIJAClll
sections 234 and 457 of the Companies and Allied MATIERS Act, 2004, the shareholders/directors of the above na med company, have agreed and adopted the following resolutions in
lieu of a formal meeting: 1. A Special Resolution to the effect that: the affairs of WEST AFRtCA ESMtSA (NIGERIA) LIMITED be and are hereby wound up voluntarily pursuant to section 457 of the Companies and Allied MATIERS Act 2004,
NOTICE OF APPOINTMENT OF LIQUIDATOR
The Registrar General Corporate Affairs Commission Plot 420, Tigris Crescent Off Aguyi lronsi Street, Maitama - Abuja Nigeria
2. An Ordinary Resolulion to the effect that: Mr. Sannl A. Oosunmu a chartered accountant with BOO Professional
Services, of Plot 15, IPM Avenue, CBD. Atausa, Ikeja, Lagos be and is hereby appointed Liquidator for the purpose of winding up
the affairs of the Company Dated this '11thdayof April, 2011.
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WEST AFRICA ESMISA NIGERtA
I, Mr. Sanni A. Dosunmu chartered accountant with BDO Professional Services of 15, IPM Avenue, Alausa, Ikeja, Lagos, hereby give nolice that I have been appointed Liquidator of WEST AFRICA ESMISA (NIGERIA) LIMITED by virtue of a Special Resolution of the company passed at the Extraordinary General Meeting olthe company held on 11th April 2011 . Dated this 11th day of April 2011
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Lid
Sanni A. Dosunrnu (Liquidator)
Barbinder Chambers, Elephanl Cement House (5th ROOf) Assbifi, Alausa Ikeia. Lagos ~~g:~~ ~ ~~;~01473 13 34 Email : esmlsanlg @linkserve.com
They include encouragi ng food-producing countries to ease export controls, and to divert production away from biofuels production when food prices exceed certainlimits. Other recommendations include targeting . . social assistance and nutritional programmes to the poorest,
better weather forecasting, more investments in agri· culture, the adoption of new technologies - such as rice fortification to make it more nutritious, and efforts to address climate change. It also said financial measures were needed to prevent poor countries being sl)bject to food price volatility.
Chevron hits 580,000 bpd, pledges continuous investment in Nigeria By Roseline Oke", rHEVRDN Corporation has \...pledged commitment for continuous investment in the Nigeria oil and gas sector as its deepwater production capacity hits 580,000 barrels per day (bpd). Chairman/Managing Director, Chevron operations in Nigeria, Andrew Fawthrop told The GuiJIdian recently in Lagos that the company now produces 250,000opd from Agbami oil field and 330,000bpd for itself and Nigerian National Petroleum Corporation (NNPC). Chevron is the third-largest oil producer in Nigeria and one of its largest investors, spending more than $J billion (N450 btllion) yearly. He disclosed that the company. in 2011, would make significant investment in gas to liquid plants and delivering of gas to the local market in Nigeria. Fawthrop said that the company's Escravos Gas-to-liquids project, worth $8.4 billion, would be ready for commissioning in the nex1 two years. Chevron Nigeria limited and the Nigeria National
Petroleum Corporation (NNPC) are constructing a 34,000·barrel·per-day plant in Escravos, Nigeria, to convert narural gas into clean transportation fuels. In Chevron's 20U Fact Sheet, the company explained that the total daily production in 2010 in Nigeria average 524,000 barrels of crude oil (237,000 net), 206 million rubic feet of narural gas (86 million net) and 5,000 barrels of li~uefied petroleum gas (LPG) 2,000 net~ It ad ed that the construction at the Olero Creek Flow station project expected to be completed m 2013. "Work to lay a new pipeline to transport natural gas from Abiteye to processing facilities completion is planned for the fourth quarter of 2011. "Total daily production from the Early Production System averaged 32,000 barrels (10,000 net). Shallow-water exploration continued in 2010. We evaluated 3-D seismic data from Oil Mining leases 53 and 95. As of early 20U, work to identify deep gas prospects continued. A natural gas exploration well, Funiwa Deep, would be drilled in the fourth quarter of 20U.
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SEMINAR/WORKSHOP AGENDA: 8:30am - 5:30pm (Daily)
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Day 1: First tinie;: Adoption ofIF){S
' Expositiou of Key Differences between IFRS Standards, ' Nigeria/USA GAM ' . .
Day2 i Present,ttion of tlilancial statements, Accounting policies, changes in
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9 Hief/Senlor ,A.ccountants, Finan¢ial
Analysts, ~rii1clpal Accountanlj;, Chartered Accountants, Chairmen/Board members. of Board, of Internal Revenue. Chairmen/members of Economic !Planning Commission-, Accountant G~nerafs
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PARTNERS: PRION SERVICES, INDIA
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APpro"ed
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rn recognition of the quality of its lta ining. PIRON has been certified with
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the highly prestigious Gold Approvcd sta tus by ACCA, the Global body of '
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Professional Accountants
pg-
Abhlshek Asthana Fln';'ncltt'
r~::r.:.~'! South Africa
Executive Director PI RON Services, India
Programme Leader,
Chartered Accountants Training North-West University, South Africa