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WEDNESI)AY,JUNEI3,20l2
appolntmmts &
manElc<ement ~
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World Bank lists ways to end food importation
Fem.i Mlldnde. Ado-I kill A N offidall'f the World hu advised 1'l...8ank N'"eria to heg- n to fashion out ways (,f I dding value to food prod1 1Ced in the country II.!I 1 Wl~ of ending food impor8t~'" 1M Senior Communicllliun Specialist
o
for the bank, Mr. Obadiah Toho~l. stated this in an mtervlt!W with OUf correspondent in Ado-F...kiti onTucsday,shorUyafierilie sixth World Bank/Federal GovernlMnlof Nigeria ,IOint 5U~rvisJon mission of the South West :wne of third nationAl FADAMA develolllllent project. He said that the nation
CEO complacency marred JP MOJ'gan investment office
J
PMORGAN Chase' " Company could ba"", 5pOtted trouhl' at Its chid' inYe5lment ,ffJCe long before trad'!f5 tbeTe racked up at least $2 -,n in losses. Dlle tea5(JI1 it :Ji In't ~ Olief Executive Ofik"'r, Jamie Dimon. Bloomix'rg Tf'por1ed that Oimrn In-.ated the ClO differelltJ~ from other JPMorpn lIepanments, exempli~ it (rom the rigorousscruti \)'heappJied to risk manag' menl in the inverune:nt baltk. according to pt"JP\.' who ha\-e ....orked a h,' highest Ihe finn executive 11'Ve1; and have di~ t knowkdge of tJle mailer. Wben some of bis mos1 ser tar advisers,
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.,f
induding the heads of the lDVC5tment bank, raised concenu about the taclc of t.ran5parency and qualit)' of internal controls in tbeClO, o;mon bnlshed them off, said one o f the people, who asked not to De ide.ntified bea~ the discussions \rere pn\'lue.. O;mon'sactionscoolrasl with his repulBtion 11.'1 A risk· aver.M! manag~r who demands regular and e:UtaUllth-e reviews of every COI'lM!'r of the bank. While Dimon has said ~ didn't know how dangerous bets inside the CIO had become, the loss o n those tmdes calls into question whether a nyone can mana&e a financial empIre as ~ as JPMorpn.
Id Jo ffund Of' woo. 5a\"e a ',0 I II ?"lId start addmg value, to Its £ann prod~ str'e'lSlng that the, nnll~n was bl~ wtth ferule land. whicll could support tbe produc:tton of Illany crops. Tohomdct said Nigeria coo1d stop its citizens from eating imported rice only if the Iocnlly produced rice met ~ign standards. He said, "Stopping food importation ·'is not only about producing it locally but it is about "dding value to the locally-produced
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rMany Nigenallll prefer parboiled ~ to the ones produced in the country. But to stop this practice. vallie should be added to ~ produced locally. The gm-.::mment should put in mon~ 10 productKm lind V/lJue addition. Local rice also needs to be well packaged to make it atlracti~ to consumers. destoningsoould be done and if these liTe done I am sure Nigerians wnn'l need to be preached to to slop buying imported rice." The World Bank omcinl said that there was II timr NigerialUi used to watch foreign films. H~r,
University of
Glamorgan
he said this changed when Nigerian ItCtOI"!l and ItClnsses decided to do exlTajobbyenhancingthe.ir production. He said because of Ihis ertl1!lljob, Nigerians were no longer crazy about ro~ign films. The Project Coordinator
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of FADAMA In Elcili State, Mr. Adek~nle. Fatoba, ailed on Nigenan youths to embrace agric:uilul'e. i,n order to prevent food cns15 in tbecounlry. He said thai there were k>U of opportunities to make: wealtb in ayicultu~ and processing. saying
agriculture
could
create
jobs for millions of jobless youths in thecounlry. The South West Coordinator of FADAMA, Albaji RasaIaSalawu urged states in the t.O~ th;t were )'e.t 10 pay their counterpart fund 10 do so to e:nable people to benefit from the
• programme.
Brussels plans EU-wide banking union from 2013 A smgle
regulator
to
~ banks across
all Z7 European Union slates could be in plm:e as early as 2(113 lIa:oniing to the European Commission. TheBritishBroodcasting Corporation reported tha i a contnwersial new bank bail-out fu nd financed by a ta..I on financial institutions was also planned The proposal includes an EU-wide deposit guarantee scheme to protect S3Yers in the event of A bank colla~
TIle United Kingdom has saKi it would not sign up to a full bRnlting union. suggesting it should only be fotellrowne members. The BBC understands a timetabk for the plan will be ap-eed Itt II European Council Meeting on 28 and :tC}Junein HnlMels.
European Commission President Jose Manuel Barroso supports rapid implementation o f tJle pion with initial provisions, such as common bank supervision, being inlruduced as early as January 2013 But, a commission spokesman W1U keen to pornt out thai "talks hrrw-n Mr Barroso and the other presidents lor the European Council. Eurogroup and Europe!'n Central Bonk] were in the earlystages-. He added that some elements or banking union could be IIChieved quite quickJy ~ithoul changes to existing EU treaties whilst othen would be more complicated and take Ion.~
However,
tho
vice-president of the Bundesbank warned that "comprehensive changes to EU treaties" would be needed. Sabine l.auteMChlaeger added that banking union should go hand-in-hand with fiscal union to ensure governments do not undennine EU financial stability by breakln8 budget spending niles.
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MARKETERS! rHl\IJIfIS7/FIY.I:R es:., .... -""""
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VACANCIES Qu.llf1c:atlons· • ONDorHND
Associate of Accounting Technicians (AAT) EXP'rienct: • Minlm.Jm of 3 years WI:lri( experience in audIt-reiated ftnctions.
,,-_t
(3) POST PRESS OPERATORS
accounts ~
Fiflng tax, dorumen~
• Updating dlentledgers
Job [)escrfDUOO' WriI¥lg recetpts • SupportIng the Account Manager as • Operating eutomated saddle stitcher, Ihree-knife trimmer and other finishing _ad , OtherdutJesassigoed
• Maintaining and servicing the machines • Preparing production reports QuallHcation' • ONO
of Accounting Technicians Knowledge Skills and EXD8deoc;' j • extensive knowledge of saddle stitching, using a three-knife bimmer, folder, perfect ~,guIIIotine and more. of 2 years WI:lri( experience In • Minimum of <4..5 years relevant worIt ao:::ouot-rnlaled functioos.
(2) AN AUDITOR
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audit
WBstelScrap disposal audit
Storeaudit
""'" '""""'lion 0ccssI00aiestlma6on audit
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Interested and qualified candidates should
forward their appllcaOOn letters and Cvs on or before two weeks from date of this publcation to
Email: plInchnlgltd@punchng.com
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Assistant Manager, AdmlnlstraUon. Punch Nigeria Umtted, Punch Place, Kilometer 1<4, Lagos-lbadan Expntnway. Ogun State. P. M, B. 21204, liI_Ja. Lagos.