Monday, august 8, 2016 binder1 by Newtelegraphonline

More job cuts loom as Shell, IOCs’ debts hit $138bn Adeola Yusuf

ore oil workers, specifically big shots, are expected to join over 20,000 workers sacked in the oil

industry, as the debt woes of International Oil Companies (IOCs) hit $138 billion within one year. The London-based

Fitch Ratings, which disclosed this at the weekend, declared that the hope of recovery at the year-end has dimmed for Shell,

ExxonMobil, Chevron and other big oil and gas firms. These companies' debts, the rating agency said, had grown tenfold since 2008.

FG to ground airlines over N8bn debt }6

New Telegraph had recently reported plans by two IOCs – Shell and Chevron – to slash over 18,500 from their workforce in their countries of operations including Nigeria,

due to the price rout. An associate director at Fitch Ratings, Dmitry Marichenko, however, said that the results of these companies showed CONTINUED ON PAGE 6

Sanctity Of Truth

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Monday, August 8, 2016

Jonathan: I’m not Avengers' sponsor }3

/newtelegraph /newtelegraph

Vol. 3 No. 901

Salary arrears: TUC threatens to shut down Oyo today }38

Na'Abba: }10 Obasanjo most corrupt president

@newtelegraph1 www.newtelegraphonline.com @newtelegraph1 www.newtelegraphonline.com

I ate bread, water for three weeks in kidnappers' den –Lagos monarch }8

N150

Bode George battles Agbaje for PDP chair Jonathan

Ajimobi

Obasanjo

Governors, stakeholders back ex-guber candidate South-West to endorse former Deputy National Chair How Ekweremadu, Wike influenced zoning }2 Army flays killing of officers in Niger state }41

General Officer Commanding, One Division, Nigerian Army, Major General Adeniyi Oyebade, during his visit to injured soldiers at the Army Clinic in Minna... yesterday. PHOTOs: DAN ATORI

Resign or be forced out, 206 Reps tell Dogara

My life is in danger, Jibrin cries out

Hidden tooth infections could raise heart disease risk

}10

Oba Oseni

NEWS

MONday, AUGUST 8, 2016 NEW TELEGRAPH

Bode George battles Agbaje for PDP chair

Geoffrey Ekenna and Wale Elegbede

he battle for the national chairmanship of the Peoples Democratic Party (PDP) has been narrowed down to a former Deputy National Chairman of the party, Chief Olabode George, and the Lagos State governorship candidate of the party in 2015 election, Mr. Jimi Agbaje. A member of the party’s Board of Trustees (BoT) described the race as “battle of godfather and godson.” Agbaje rode on the back of George to become the party's governorship candidate. New Telegraph gathered at the weekend that while the South-West chapter of the party may endorse George as its candi-

date for the position today, governors of the party and other stakeholders outside the zone have picked Agbaje as the incoming national chairman of the party. If the court does not stop the convention scheduled for August 17 in Port Harcourt, the Rivers State capital, Agbaje is set to emerge as the PDP national chairman. An Abuja court will rule on August 15 in an application brought by the factional national chairman of the party, Senator Ali Modu Sheriff, asking the court to stop the convention. The party in the South had, last week in Port Harcourt, zoned the slot to the South-West, which since 1999 has not enjoyed the slot. The meeting concluded that the zone should produce the chairman, thereby knocking off another major contender,

Chief Raymond Dokpesi, from the South-South. With that move, the coast became clear for George, Agbaje and a former Minister of Education, Professor Tunde Adeniran, as the three candidates jostling for the position. The fourth candidate, a former Governor of Ogun State, Otunba Gbenga Daniel, pulled out of the race in support of Dokpesi. Adeniran’s candidature is not enjoying the backing of his governor, Ayo Fayose. In fact, New Telegraph learnt that Adeniran merely informed Fayose via a text message of his intention to run for the PDP national chairmanship. New Telegraph gathered at the weekend that while the South-West has concluded plans to endorse George today in

Akure, other zones are at variance with the choice, with the governors rooting for Agbaje. It was gathered that though Agbaje has not picked the form for the chairmanship, he might likely pick the form today or within the week in Abuja. Agbaje was conspicuously absent when George declared his intention to run for the seat in Lagos two weeks ago. Multiple sources told this newspaper yesterday that Agbaje is George’s major obstacle and, in fact, the man to defeat him at the convention. It was learnt that Agbaje was with the PDP governors in Port Harcourt throughout last week where the details of the coup against George was tidied. He was said to have been given an assurance of the backing of delegates

L-R: Lagos State Commissioner for Information and Strategy, Mr. Steve Ayorinde; Attorney General and Commissioner for Justice, Mr. Adeniji Kazeem; Commissioner of Police, Mr. Fatai Owoseni and Commander, 9 Mechanized Brigade, Brig.-Gen. Sanni Mohammed, at the joint briefing on the rescue of the Oniba of Iba, Oba Goriola Oseni, in Lagos … yesterday.

from the PDP-controlled states by the governors. “Agbaje is the choice of major stakeholders. We, I mean the governors, have agreed on him and we will ensure he wins the chairmanship seat,” a governor told New Telegraph last night. New Telegraph learnt that Prince Uche Secondus has been anointed to return as deputy national chairman. Also, Col. Austin Akobundu (rtd), a former National Vice Chairman (South-East) might emerge as the National Organising Secretary of the party. The post was zoned to the South-East and party leaders from the five states in the zone have agreed on the former Minister of State for Defence. Abubakar Mustapha, the former national organising secretary, from Kaduna might emerge as national secretary. George’s opponents, which are made up of the governors, led by Rivers State helmsman, Nyesom Wike and Fayose are aiming to have a “fresh face as the new face of the party.” “They believe that the party needs a new face in order to rebrand it preparatory to 2019. They believe also that the use of George or any key player in the party in the past 16 years would be counterproductive in reselling the party to Nigerians. As you are aware, the massive probe by the present All Progressives Congress (APC) administration,

How 2016 admission list cost Ojerinde JAMB job Yekeen Nurudeen

Abuja

acts have emerged on why the immediate past Registrar of the Joint Admissions and Matriculations Board (JAMB), Professor Dibu Ojerinde, was sacked alongside 16 other Chief Executive Officers (CEOs) of education parastatals last week by the Federal Government. Ojerinde, who still had about six months left to complete his second term in office before his unexpected removal, was kicked out as a result of a cold war between him and the Minister of Education, Malam Adamu Adamu, over the 2016 admission list. New Telegraph gathered that Ojerinde had long been pencilled down for sack by government because of his 'fight' and disagreement with the minister over the 2016 admission exercise into universities and other tertiary institutions. Their disagreement was

said to have deepened after the cancellation of the PostUniversities Tertiary Matriculation Examination (UTME) by the minister. Several calls, SMS and WhatsApp messages sent to the former JAMB Registrar for response to his removal were not replied as his phones have been permanently switched off. Adamu was said to have waited for an opportunity to clean up the education sector where many other chief executives would be affected to deal with Ojerinde. "For us, the removal of Ojerinde as Registrar/ Chief Executive of JAMB did not come as a surprise. The minister is very smart because he knew he was dealing with a professor. What Adamu did was to wait for an opportunity when many CEOs would be involved. "If Ojerinde had been sacked earlier, it would be seen to be politically-motivated. But now that many of them were affected, no-

body can read politics into it," a source in the education ministry who pleaded anonymity stated. Another source gave a detailed explanation on the cold war that had been brewing between the duo. He said: "After the cancellation of the Post-UTME, it was clearly stated that admissions will be based on the three criteria: Merit, Catchment and Educationally Less Developed States. Since there is no Post-UTME, after sending them the bigger list, what Ojerinde did was, to prepare a list that reflected these three criteria. "Nobody knows what the authorities of universities told the minister and based on whatever they might have told him, Adamu advised him to withdraw the list in his own interest. Ojerinde is another stubborn person, especially if he knows he is very right in what he is doing. He declined and refused to withdraw it. "After examinations,

JAMB usually sends print out to the universities. JAMB sent a bigger print out. But after agreement that admissions would be based on the three criteria, JAMB sent out a smaller print out which reflected the three criteria. The universities were not happy that JAMB conducted admissions. If you look at the Act establishing JAMB, it empowers JAMB to conduct admissions. "But the universities are saying the University Act empowers the Senate to conduct admissions. But the Act establishing JAMB has not been repealed. When you make a law, it doesn't automatically overpower it. You either repeal it or retain it. So, there is so much confusion." Our correspondent learnt that sensing danger, Ojerinde decided to withdraw the list of candidates that was sent to the universities and assuaged the temper of the minister. "But it was too late,

Ojerinde should have withdrawn it earlier. This was just the cause of their disagreement. Despite the protest from vice chancellors, the minister was solidly behind him during the cancellation of the Post-UTME. "If he had withdrawn it, I can tell you that Ojerinde would have escaped the tsunami which shook the education sector last week because he did very well in JAMB, especially with the introduction of Computer-Based Test," the source stated. When contacted, a senior director in the Education Ministry who spoke on the condition of anonymity said, "Ojerinde disobeyed ministerial directive and if you call that fighting, that is your own interpretation." It would be recalled that JAMB had, last Monday, withdrawn the list of recommended candidates for admission earlier sent to universities and other tertiary institutions.

led by President Muhammadu Buhari has done little in lifting the PDP image. Remember that even though George was cleared by the Supreme Court over allegations for which he was jailed, there is also the moral issue in it. That was also our fear when Dokpesi was running. He has a case with the Economic and Financial Crimes Commission (EFCC), which he has not cleared. So, presenting any of such people would not be in the interest of the PDP going forward,” said a source privy to the ongoing discussions. He added: “Although Agbaje is relatively new in the party, he is untainted and is somebody considered credible enough. Again, you must also understand that the governors are pushing for their own man. They want somebody who can listen to them. George is well experienced in the party. He has connection all over the country. But you and I also know that he might be a tough guy to deal with. The governors are not ready for another Bamanga Tukur now. They need somebody who can listen to them.” New Telegraph was informed that the decision to adopt George by SouthWest leaders was predicated on his experience and wide reach within the party. Proponents of the George candidacy believe that the PDP needs a strong chairman “who can pick up his phone and marshal orders and direct affairs with clarity. We don’t need a houseboy as the chairman.” “We are going to endorse Bode George tomorrow (Monday) and face the convention in Port Harcourt. There is still time between now and the convention date to iron things out properly. So, we are not worried about any other person for now. Let them come. We are willing to do battle,” said a leader of the party in the zone, who is going to be at the endorsement meeting today. As New Telegraph gathered, while George, Agbaje and others are battling it out for the national chairmanship, some of the governors are already looking beyond the convention, CONTINUED ON PAGE 3

£5m

The total amount received by West Ham in the summer 2015 transfer window. Source: 101greatgoals.com

26.59

The number of fixed-telephone subscriptions of Italy in 2003. Source: Itu.int

MONday, AUGUST 8, 2016 NEW TELEGRAPH

Jonathan: I’m not Niger Delta Avengers' sponsor Clark, Akpabio, Dickson, Metuh deny involvement in militancy

Onwuka Nzeshi, Abdulwahab Isa and Onyekachi Eze ABUJA

ormer President Goodluck Jonathan yesterday denied being one of the sponsors of the Niger Delta Avengers (NDA), the militant group which has claimed responsibility for the sustained multiple bombings of strategic oil and gas facilities in the Niger Delta. A splinter militant group, Reformed Niger Delta Avengers (RNDA), had, at the weekend, named Jonathan, several former and serving governors as sponsors of the NDA. The serving governors named as Avengers’ sponsors included Governors Nyesom Wike and Seriake Dickson of Rivers and Bayelsa states respectively. The RNDA spokesperson, Cynthia White, also identified former Governor of Akwa Ibom State, Senator Godswill Akpabio; Ijaw leader, Chief Edwin

Clark; ex-militant leader, Government Ekpemupolo (alias Tompolo); the founder of African Independent Television (AIT), Chief Raymond Dokpesi; and the Indigenous Peoples of Biafra (IPOB). Others alleged to be the NDA sponsors are a former National Publicity Secretary of the Peoples Democratic Party (PDP), Chief Olisa Metuh; a former Presidential Adviser on Niger Delta Affairs, Kingsley Kuku and Patrick Akpobolokemi, a former Director General of the National Maritime Safety and Management Agency (NIMASA) as sponsors of the Niger Delta Avengers. The statement was published by an online medium, Sahara Reporters. Curiously, the same Cynthia Whyte yesterday denied making the allegation. “We condemn the treacherous and blackmail that the press release was meant to achieve. How can Goodluck Jonathan sponsor The Avengers? If Goodluck Jonathan was given to such antics, he would not have lost the election

of March 2015,” Whyte stated in a statement. Even with the denial, Jonathan, in a statement issued by his media adviser, Ikechukwu Eze, described the attempt to enlist him among alleged sponsors of the renewed militancy in the Niger Delta as malicious. He described RNDA as a "shadowy group" which is out to create the erroneous impression that many notable Ijaw and other Niger Delta leaders were behind the current crises in the Niger Delta. "For the avoidance of doubt, we are fully convinced that such an idiotic claim is too cheap a narrative, a facile contrivance so badly concocted that any discerning mind

£8.78m

The amount of money received by Crystal Palace as facility fees for the 2015/2016 season. Source: Goal.com

would easily see through its disingenuous and duplicitous nature. Since it is not in our place to speak for all those named in the obvious fabrication, we are only intervening to the extent that its hidden intent poses a violent threat to the life of former president. "Do we need to remind anybody that the so-called Cynthia White is the selfdeclared spokesperson of the Movement for the Emancipation of Niger Delta (MEND), a violent and murderous underground group led by one Henry Orkah, which has not hidden its intention to destroy the former president? "We, therefore, have no doubt in our mind that

$37m

The total amount of salary/winnings of Eli Manning (Football) for 2016. Source: Forbes.com

MEND, as a group contracted to go after Jonathan with the mind of assassinating him, is yet to abandon this criminal and ignominious craving. It is in this light that we view the purported statement issued by ‘Cynthia White’ as not only a sadistic continuation of this sick desire, but also a futile attempt to instigate the Federal Government to needlessly go after the former president," the statement said. Similarly, Clark has described the allegations linking him with the Avengers as total falsehood. In a telephone chat with New Telegraph, Clark said it was laughable to think that he would be sponsoring violence at his age. According to him, he was among the first leaders in the region to publicly condemn the activities of the Avengers. "Why should I sponsor

towards 2019, with many of them angling for the vice presidential ticket with anybody that might emerge from the North. Wike is said to be interested in the VP slot. The Deputy President of the Senate, Ike Ekweremadu, is also said to be interested in the slot. Both are among those currently backing Agbaje. The choice of who becomes the vice presidential candidate informed the PDP leaders in the South to zone the chairmanship to the SouthWest. The party has zoned the presidency to the North while either of the SouthEast or South-South will produce the presidential running mate in 2019. The choice is between Ekweremadu and Wike. Speaking on condition of anonymity, a party chieftain in the South-West stated that "a governor of our party in the South-West is the one orchestrating the Agbaje aspiration and he has already sold the dummy to the South-South governors who have bought into the project.” "In fairness, he (Agbaje) hasn't come out publicly to declare his intentions, but his silence and absence from Bode George's declaration in Lagos speaks

volume about whether he is harbouring the aspiration to contest against the leader. "I heard that he is going to purchase his nomination form by proxy this week. We will only wait to see what he is going to do in the coming days. But it's clear that the battle for the chairmanship is within the Lagos camp," he said. But a group within the party, South-West PDP Consultative Forum, has urged Agbaje not to contest the party's chairmanship seat. "We are worried as concerned stakeholders in our dear party over the unconfirmed insinuation that Mr. Jimi Agbaje, a protégée and political godson of Chief Olabode George, the leading aspirant of our party's plum job, wants or is being pressurised to throw his hat into the ring of the contest. "However, if it is true that such is in the pipeline or is being considered, we want to state unequivocally that the aspiration defies all sense of credibility, be it morally, politically, culturally and even spiritually. If anything, Agbaje should be the first to queue behind the aspiration of Chief Bode George to bring our party out of the doldrums,” the group's coordinator, Mr. Abolore Olusi, said in a statement.

CONTINUED ON PAGE 6

Acting Director General, National Information Technology Development Agency (NITDA), Dr. Vincent O. Olatunji (left), with Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, during a visit to the commission in Abuja… recently.

How Ekweremadu, Wike influenced zoning CONTINUED FROM PAGE 2

or support the Avengers? I was the first to condemn them because of their activities. Blowing up pipelines is dangerous to our economy and our ecosystem. The impact on the environment would remain for a long time. "Secondly, we have already had the Amnesty Programme and if there is any aspect that has not been implemented, those aggrieved could bring them out for dialogue. I am right now in Warri where I have been meeting with our people to see how we can bring everybody to embrace peace. I am now 89 years and I should speak the truth at every time. It is totally untrue," he said. Clark described those linking the former president with the renewed violence in the Niger Delta as foolish, stressing that Jonathan was a man of peace who cannot be associated with violence. According to him, Jonathan could have caused

FG names BOI's Director as NERFUND’s helmsman this week Abdulwahab Isa Abuja

arring any last minute change of plans, the National Economic Reconstruction Fund (NERFUND) will have a brand new Chief Executive Officer (CEO) this week to pilot the affairs of the beleaguered finance agency, impeccable sources confirmed to New Telegraph yesterday. An Executive Director with Bank of Industry (BOI), whose identity is being guarded, has been tipped for secondment to NERFUND in Abuja. By the this development, one of the sources said the current Managing Director, Mohammed Kollere and Executive Director, Mr. Elenowor Inua, will return to the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN), their respective originations prior

to their dispatch to NERFUND two years ago. The appointment of a new helmsman for NERFUND, to be made public this week by the Finance Minister, Mrs. Kemi Adeosun, is predicated on the report by ministerial committee headed by Director, Human Resources Department in the Finance Ministry, Mr. Danie Tifato, who submitted its findings to the minister two weeks ago. The Tifato-led committee is said to have rounded off sittings three Wednesdays ago. On submission of the committee's report, the director proceeded on his retirement last week, a senior officer in the Finance Ministry told our reporter. "I can tell you that any time this week beginning from Monday, the minister will announce a new MD for NERFUND from the Bank of Industry. Don't forget the committee she set up to look into the deepening crisis has concluded

sitting and the report submitted to her. “The appointment of a new chief executive officer from BOI is a fallout of the committee's recommendations. If you recall, the committee’s terms of reference include, to investigate all allegations levelled by staff against executive management, scrutinise recommendations by past committees on NERFUND, in addition to all welfare issues raised by staff. The disbandment of present management and replacing it with a new managing director in few days’ time, is one of the recommendations by the committee as road map for NERFUND's repositioning," an insider who chose to be anonymous told New Telegraph. Contacted on phone, Director of Information, Finance Ministry, Salisu Dambatta, confirmed to our correspondent that the ministerial committee on NERFUND had concluded

sitting. He said he did not know the details contained in the report, but promised to find out and revert. His phones were not available on subsequent trials. Established in 1989 by the military administration of Gen. Ibrahim Babangida, NERFUND was set up to provide needed medium to long-term financing to viable small and medium scale production enterprises. Its objectives are to increase the quantum of goods and services available for local consumption and export, provide needed employment, expand the nation’s production base and add value to the economy. The agency has remained dormant due to paucity of operational funds. Loans granted by the agency for business expansions remain trapped with lots of funds' clients shunning repayment.

MONday, AUGUST 8, 2016 NEW TELEGRAPH

RETURNS ON SOURCES OF FUND SOLD TO CUSTOMERS FOR THE WEEK ENDED FRIDAY 05-08-2016 S/NO.

SOURCE 1 STANBIC IBTC

DATE OF FUND PURCHASED

EXCHANGE RATE

AMOUNT PURCHASED ($) 500,000.00

1-Aug-16

315.50

2 FIRST BANK

2-Aug-16

312.50

1,000,000.00

3 STANCHART

2-Aug-16

344.00

500,000.00

4 ORDINARY DOMICILLIARY PURCHASED

3-Aug-16

307.50

10,150.00

5 FCMB

3-Aug-16

310.00

500,000.00

6 EXPORT PROCEED

5-Aug-16

312.00

80,411.00

2,590,561.00

TOTAL

RETURNS ON UTILIZATION OF FUND SOLD TO CUSTOMERS FOR THE WEEK ENDED FRIDAY, 05-08-2016 S/NO.

CUSTOMER/FXPD/NON-FXPD 1 STERLING BANK PLC 2 VISA TRANSACTION

ITEM OF IMPORT ACAMS RENEWAL FEE CARD

DATE OF FUND PURCHASED EXCHANGE RATE 29-Jul-16

320.50

1-Aug-16

350.61

AMOUNT SOLD ($) 795.00 660,929.93

3 ADEYEMI FISAYO JOSHUA

ISACA CERTIFICATION

2-Aug-16

313.00

50.00

4 ADEWOLE BOLUWAJI ODUNAYO

CFA EXAMINATON

2-Aug-16

313.00

710.00 710.00

5 OGUNDUYI JAIYEOLA PETER

EXAM REGISTRATION

2-Aug-16

313.00

6 PATNASONIC IND LTD

LOAN REPAYMENT

2-Aug-16

344.50

802.00

7 PENINSULA MICROFINANCE BANK

LIVING EXPENSES

2-Aug-16

313.00

1,581.51

8 OLORODE KOYINSOLA JOSEPHINE

SCHOOL FEES

2-Aug-16

313.00

2,286.39

9 ONYEMERE UZOMA IFEANYI

SCHOOL FEES

2-Aug-16

313.00

2,323.35

10 AYARUJA EMMANUEL

LIVING EXPENSES

2-Aug-16

313.00

2,833.25

11 OJO JOSEPHINE EBUN

SCHOOL FEES

2-Aug-16

313.00

3,000.00

12 MONYEI NNAMDI

HOSPITAL BILL

2-Aug-16

313.00

3,550.00

13 ENOMA SUSAN CHINYERE

SCHOOL FEES

2-Aug-16

313.00

14 OLATUNJI SWEETIE KANYINSOLA

BOARDING FEE

2-Aug-16

313.00

4,007.70

15 AKINGBEHIN OMOTOLA AYOKUNLE

SCHOOL FEES

2-Aug-16

313.00

5,000.00

16 AYARUJA EMMANUEL

LIVING EXPENSES

2-Aug-16

313.00

5,666.50

17 KASALI OLALEKAN

SCHOOL FEES

2-Aug-16

313.00

5,693.00

18 OJO JOSEPHINE EBUN

SCHOOL FEES

2-Aug-16

313.00

7,166.00

19 OJO ISAAC UCHE

SCHOOL FEES

2-Aug-16

313.00

8,000.00

20 AKINTOLA OLUSOJI

HOSTEL BOARDING AND UPKEEP

2-Aug-16

313.00

8,251.00

21 OLADOSU OLALEYE ALXANDER

SCHOOL FEES

2-Aug-16

313.00

8,500.00

22 EWARAWON MOJISOLA BUSOLA

LIVING EXPENSES

2-Aug-16

313.00

8,683.35

23 DANIEL-KALIO BLESSING

SCHOOL FEES

2-Aug-16

313.00

9,600.00

24 HANSON OLORUNFEMI

ROME BUSINESS SCHOOL

2-Aug-16

313.00

9,689.72

25 DAHUNSI TITILAYO

LIVING EXPENSES

2-Aug-16

313.00

10,000.00

26 UGWU CHINELO JOY

SCHOOL FEES

2-Aug-16

313.00

10,000.00

27 OLADIPUPO JIDE SONOIKI

SCHOOL FEES

2-Aug-16

313.00

10,000.00

28 SACVIN NIGERIA LTD

INDUSTRIES SPARES AND ACCESSORIES

2-Aug-16

313.00

14,802.20

29 ADEYEMI KOREDE ADEKOYA

SCHOOL FEES

2-Aug-16

313.00

15,000.00

30 MELVYN NICKSON NIGERIA LTD

INDUSTRIAL RAW MATERIAL

2-Aug-16

313.00

17,716.00

31 JRHZINONE CO LTD

CHEST FREEZER/NEW REFRIGERATOR

2-Aug-16

313.00

19,732.00

32 KEEPERS INVESTMENT LTD

SCHOOL FEES

2-Aug-16

313.00

20,000.00

33 KENVEE NIG LTD

KEROSENE STOVE

2-Aug-16

313.00

20,040.80

34 GRAND CEREALS LIMITED

BLOOD MEAL

2-Aug-16

344.50

20,250.00

35 NYCIL LIMITED

ETHYL ACRYLATE

2-Aug-16

313.00

21,528.00

36 RELIANCE UNIVERSAL CONCEPT LTD

KEROSENE STOVES

2-Aug-16

313.00

24,823.50

37 BEAUMONT AROMATICS NIG LTD

INDUSTRIAL MATERIAL HANDLING EQUIPMENTS TYRES

2-Aug-16

313.00

28,785.00

38 PATNASONIC IND LTD

LOAN REPAYMENT

2-Aug-16

344.50

30,000.00

39 CELPLAS INDUSTRIES NIG. LTD

PVC GRANULARS

2-Aug-16

313.00

32,000.00

40 ACTWELL IMPEX LIMITED

INDUSTRIAL MACHINE AND SEWING MACHINE SPARE PARTS

2-Aug-16

313.00

35,876.40

41 GLOBE CHEM NIG LTD

HIGH DENSITY POLYETHYLENE LOTRENE

2-Aug-16

313.00

36,800.00

42 PRICERITE PRODUCTS LTD

MICROWAVE

2-Aug-16

344.50

39,940.80

43 TERRATIGA LTD

ANIMAL FEED CONCENTRATE

2-Aug-16

313.00

40,000.00

44 ANIMAL CARE SERV KONSULT NIG LTD

POULTRY VACCINES

2-Aug-16

313.00

40,000.00

45 PANAR LTD

PVC RESIN

2-Aug-16

313.00

40,000.00

46 LAMRADES G.V LTD

RIKON BRAND ANALOGUE QUARTZ WALL CLOCK

2-Aug-16

313.00

40,000.00

47 HENRY WEST INTERNATIONAL LTD

SUNSHOW BRAND AGRICULTURAL IRRIGATION WATER PUMP

2-Aug-16

313.00

40,000.00

48 KRISHAN NIGERIA LIMITED

TOPEX BRAND PORTABLE GASOLENE ENGINE

2-Aug-16

313.00

40,000.00

49 MEGA PLASTICS INDUSTRY LTD

ARTIFICAL RESIN

2-Aug-16

313.00

49,735.56

50 IRIS SMART TECHNOLOGIES LTD

PASSPORT BOOKLETS

2-Aug-16

313.00

50,000.00

51 SANKIL PHARMACEUTICALS LTD

PHARMACEUTICAL RAW MATERIAL

2-Aug-16

313.00

56,470.00

52 ANNIE PHARMA LIMITED

DRUGS AND PHARMACEUTICALS

2-Aug-16

344.50

66,648.32

53 PRICERITE PRODUCTS LTD

RITE-TEK BRAND APPLIANCES

2-Aug-16

344.50

79,553.00

54 RHINE INDUSTRIES NIGERIA LTD

SHEETS OF ALUMINIUM SHEETS

2-Aug-16

344.50

89,526.00

55 TEMPO PAPER PULP AND PACKAGING LTD

POLYPROPYLENE HOMOPOLYMER GRADE

2-Aug-16

344.50

173,279.28

56 MR RASHEED SARUMI

PTA

2-Aug-16

313.00

3,000.00

57 MRS SHAKIRAT SARUMI

PTA

2-Aug-16

313.00

3,000.00

58 ADEGUN AKINMADE AYOADE

PTA

2-Aug-16

313.00

4,000.00

59 ADEGUN OLAYINKA TEMITOPE

PTA

2-Aug-16

313.00

4,000.00

60 AWOSANYA IRENE OLUBUKUNOLA

PTA

2-Aug-16

313.00

4,000.00

61 EGEOLU SHARON CHIGOZIRI

PTA

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NEWS

MONday, AUGUST 8, 2016 NEW TELEGRAPH

Resign or be forced out, 206 Reps tell Dogara Philip Nyam Abuja

he 206-member T r a n s p a re n cy Group in the House of Representatives has told Speaker Yakubu Dogara to resign honourably over his alleged involvement in budget padding or be forced out. The group also alleged that Dogara diverted 50 per cent of the total capital projects allocated to Bauchi State to his constituency.” It insisted that Dogara must step aside for independent investigation to be carried out in the allegations of budget padding against him or be forced out of office. Dogara had, on Friday, dismissed calls for his resignation after a meeting with President Muhammadu Buhari at the State House, saying there was nothing like padding in the legislature. In a statement jointly signed on behalf of the Transparency Group by Hon. Bashir Baballe, member representing Ungogo/ Minjibir Federal Constituency of Kano State; Hon. Agunsoye Oluwarotimi Ojo, member representing Kosofe Federal Constituency of Lagos State; and Hon. Abubakar Chika Adamu, member representing Shiroro/Munya/

Rafi Federal Constituency of Niger State, the group asked the speaker to resign honourably. “We hereby reiterate our call on Rt. Hon. Yakubu Dogara to resign before we start exposing the sleaze and corruption surrounding the internal budget of the House,” the group stated. The three lawmakers said they released the statement “on behalf of the 206 members of Transparency Group,” although names of the other 203 members of the group were not disclosed. According to the lawmakers, Dogara should immediately step down for proper investigation or new allegations would be unearthed to ultimately force his hands. Also yesterday, leader of the Transparency Group, Hon. Mohammed Musa Soba (APC, Kaduna), in an interview with New Telegraph, accused Dogara of fraudulently earmarking more than N3 billion for projects sited in his constituency, an action he said bordered on criminality. “The general public should note that Speaker Dogara made criminal insertions (otherwise known as budget padding) to the tune of over N3 billion to his constituency alone. “While the entire zonal intervention for the three senatorial districts of Bau-

chi State and 12 federal constituencies in the state amounts to N1,666,666,666, the Speaker criminally inserted about 200 per cent of the amount, totalling N3,079,000,000 to his constituency alone,” the group said. It further alleged that Dogara “diverted 50 per cent of the total capital projects allocated to Bauchi State to the tune of N4,781,003,431 out of N9,231,289,842 allocated to the state to his constituency.” It equally alleged that N950 million purportedly meant for empowerment schemes was also diverted by the speaker. It is, however, contradictory that while the Transparency Group claims to have 206 signatures, the speaker has reportedly garnered 262 signatures bringing the total to 468, whereas the House is composed of 360 members only. But, Chairman of the House Committee on Media and Public Affairs, Hon. Abdulrazaq Namdas, in an interview with New Telegraph yesterday in Abuja, said “nobody can force Dogara out of office.” Namdas hinged his position on the fact that the allegations against Dogara have not been proven before any competent court of law. He also dismissed the 206 lawmakers purported

to be members of the Transparency Group calling on Dogara to resign, daring them to remove the speaker if they have the numbers. Dismissing the 206 signatures allegedly garnered by Transparency Group to impeach Dogara should he refuse to resign, Namdas said: “I believe that even the numbers of lawmakers’ signatures they are alleging that they have generated are not there. I’m sure they don’t even have the numbers. “Thirdly, if people are talking about transparency and have forgotten that part of transparency is the doctrine of fair hearing, then it is unfortunate. Transparency also means allowing the other party fair hearing to make his defence. So, if someone has submitted a petition, it is only natural that the person being accused be allowed to also present his own side of the story. “The good thing about these allegations is that they have been forwarded to the anti-corruption agencies and, therefore, they should allow the agencies to approach the speaker to state his defence instead of asking him to resign.” Meanwhile, barely four days after the All Progressives Congress (APC) asked him to cease fire, former chairman of the Appropriation Committee,

Hon. Abdulmumin Jibrin, yesterday broke his silence, insisting that the Speaker must reconvene the House immediately. In a statement issued last night in Abuja, Jibrin alleged that there was plan to kill him and that he has since briefed his lawyers on the matter. "I no longer feel safe. I have carefully followed their desperation to suppress what will go down in history as the biggest corruption case in Nigeria. I have prepared myself for any eventuality. I have spoken to my mum and dad extensively during the weekend. "I have prepared my family. I have handed over a handwritten note and documents to a popular SAN, a man of integrity and other persons that I believe will lay it bare even if they succeed in killing me," he said. He added that the accused "have resorted to using every tactic to narrow the allegations to only issue of padding, which in itself is a grievous offense, ignoring tens of other criminal allegations contained in my petition to the anti-corruption agencies.” "In doing so, they mischievously expanded the scope of the culpability to give an impression that the entire House, Senate and even the executive arm of government and some individuals outside NASS

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are on trial,” he noted. He pleaded with all former Heads of State and the diplomatic community, particularly Ambassador of the United States of America, High Commissioner of the United Kingdom, the German and French Ambassadors to call on Dogara to step aside to allow a thorough external investigation. Also, the Socio-Economic Rights and Accountability Project (SERAP) has disagreed with Dogara’s declaration that “budget padding is not a crime under Nigerian law.” In a statement issued yesterday by its executive director, Adetokunbo Mumuni, SERAP insisted that: “Budget padding in fact is corruption, as it is implicit in corruption offences such as abuse of office, attempt to embezzle, divert and misappropriate public funds, conspiracy to act corruptly, and illicit enrichment, which are recognised under the UN Convention against Corruption. “A prima-facie case of corruption is established when elected officials are allegedly influenced to act contrary to their obligations of office by the prospect of financial gain to themselves. Budget padding also amounts to corruption as the action is against the public interest.”

NEWS

MONday, AUGUST 8, 2016 NEW TELEGRAPH

FG to ground airlines over N8bn debt to NAMA lN329m recovered in two months

Wole Shadare

he Federal Government has directed its revenue recovery committee in the aviation industry to ensure the recovery of N8.08 billion owed the Nigerian Airspace Management Agency (NAMA) by airlines. This seems to be paying off as the committee has recovered N329 million in two months as it intensifies efforts to recover more than half of the monies before the end of the year. There are indications that the carriers also owe the Nigerian Civil Aviation Authority (NCAA) and the Federal Airports Authority of Nigeria (FAAN) N10 billion and N20 billion respectively, bringing the debt profile of the airlines

to all the agencies to over N38 billion. Cargo and charter operators that have ceased operations are among the debtors. A source in the Ministry of Transportation told New Telegraph that the measure put in place to recover the funds is to deny any “recalcitrant operator start up for departure or totally ground the operators.” He added that what the agency is demanding for is the transfer of money belonging to the agency that is in the airlines’ kitty for many years. NAMA is said to be carrying huge liability of almost N18 billion pension, high cost of operation of manning virtually all the 24 airports across the nation and growing overhead.

The Federal Government had, some few months ago, set up a committee for debt recovery, mandating the committee to recover N8.08 billion. Since then, the committee has met with the airlines. While others have rescheduled their debts, some others are said to be reluctant to defray their debts. The source gave the breakdown of the debts amounting to N8.08 billion. He said the debt before the operators took NAMA to court in 2001 was N3.8 billion with Supreme Court’s verdict that gave judgement to the agency and ruled that the carriers should liquidate the debt they owe. The court had directed that NAMA collect what was owed it by airlines from 2001 to 2013, but the aviation agency is piqued

that majority of the airlines are still challenging the verdict of the apex court. Showing documents to back up his claims, the source said after the court verdict, another N1.6 billion was also owed the agency from January 2014 to June 2016, which is yet to be defrayed. Cumulatively, airlines that have ceased operations or gone into extinction owe NAMA N1.1 billion as the committee vowed to go after them or explore legal option to recover the debts. Some of the airlines that have gone into oblivion or stopped operations but are still indebted to NAMA are Bellview, Air Nigeria, IRS, Chanchangi, Sosoliso, ADC, Savannah Air, Albarka Air, Nicon Air and Discovery Air, among others. Others debtors are op-

L-R: Minister of Power, Works and Housing, Mr. Babatunde Fashola (right) addressing stakeholders on the closure of the ApapaIjora Bridge in Lagos … yesterday

More job cuts loom as Shell, IOCs’ debts hit $138bn CONTINUED FROM PAGE 1

that the last is yet to be heard on cost-cutting measures of the companies. The first-half results, he said, indicate that oil companies "are likely to generate large negative free cash flows for the full year." He said that Exxon Mobil, Royal Dutch Shell and other oil giants have seen their debt double to a combined $138 billion. "Two years on, you could excuse mining executives for feeling smug. As crude trades well below $50 a barrel, Exxon Mobil, Royal Dutch Shell and other oil giants have seen their debt double to a combined $138 billion, spurring concerns they’ll need to keep slashing capital spending, employees and that dividend cuts may eventually be necessary," the report stated. Besides, according to Fitch, executives and analysts said the mountain of debt, which had grown tenfold since 2008, is likely to increase further in the

third and fourth quarters. "On the debt, it may go up before it comes back down,” Shell’s Chief Financial Officer, Simon Henry, told investors last week. "And the major factor is the oil price.” The main concern is that companies have so far failed to stop the increase in debt load, said Harold "Skip” York, vice president of integrated energy at consulting firm, Wood Mackenzie, in Houston. "The debt traffic light is yellow,” he said. "In the absence of an oil price uptick or sizable asset sales, commitments to maintain the dividend will face even more pressure.” In the first half of the year, Chevron generated $3.7 billion pumping crude, refining it and selling gasoline and other products. But that was not enough to cover the $4 billion it paid to shareholders over the same period, let alone the $10 billion it invested in projects. Although Chevron tried

to close the gap by selling $1.4 billion worth of assets, it still had to take on $6.5 billion in new debt over six months. The imbalance explains why the debt load has grown so quickly over the last decade. Before oil prices plunged in mid-2014, big oil companies had around $71 billion in net debt, up from a low of just $13 billion in mid-2008, when oil prices hit a record high of nearly $150. Debt levels are currently rising at an annual rate of 11.5 per cent, more than double the 5.1 per cent witnessed between 2009 and 2014, said Virendra Chauhan, an oil analyst at consulting firm, Energy Aspects in Singapore. "Whilst credit markets have been expansive and accessible during this period, investor concerns about the sustainability of this trend are valid,” he said. For some oil bosses, including Shell Chief Executive Officer, Ben Van Beur-

den, reducing debt is now the main priority, ahead of paying shareholders dividends and investing in new projects. His company’s debt has risen, especially fast after borrowing to finance the $54 billion acquisition of gas producer, BG Group, earlier this year. Yet, oil companies have been able to take on more debt fairly easily because ultra-low interest rates allow added borrowing without risking credit-rating downgrades. BP CEO, Bob Dudley, said the British company could "actually manage a little bit more” debt. "Money is so cheap right now,” he said. And Exxon executives believe the company still has significant debt capacity. "We’ve got a very strong balance sheet,” Jeff Woodbury, vice president of investor relations, told analysts during a conference call. "We’re not going to forgo attractive opportunities.”

erators of private aerodromes who have refused to remit N1.5 billion in services rendered by NAMA. Some of the airlines have been accused of diverting the funds for the settlement of their debts to other businesses. “These are public funds, but we have discovered that they put these funds into their other businesses. If airlines in Ghana are making profit, what then is wrong with our airlines? We will go all out to recover all funds. “We are asking them to spread their debts over

The sex ratio of men to 100 women in the 60+ age group of Liberia in 2012. Source: Un.org

N41.6bn

The total import value of animal and vegetable fats and oils and other cleavage products of Nigeria in 2013. Source: National Bureau of Statistics

a period of time so that they can pay up what they owe. We want commitment from them. While many are cooperating, others are recalcitrant,” the source said.

Jonathan: I'm not Avengers' sponsor CONTINUED FROM PAGE 3

chaos in Nigeria if he wanted, but chose to entrench peace and unity when it mattered most. "These people are foolish. How can they say that Jonathan is a sponsor of the Avengers? If Jonathan was a man of violence and wanted to create chaos, he could have done it by refusing to concede defeat at the 2015 presidential election? Don't they know that it was a great sacrifice he made for peace to reign in this country? This is why I am telling you that this allegation is not true. It is a total lie," Clark said. Akpabio described the allegation as baseless. “This politically motivated media propaganda is baseless, reckless and senseless. It is a fabrication from the pit of hell from those who are profiteering from the crisis in the Niger Delta and would wish no end to it. “For the avoidance of doubt, we wish to state categorically that Senator Akpabio has no link with the Niger Delta Avengers or any other militant group for that matter. “The position of Akpabio as a foremost advocate of dialogue in resolving the Niger Delta crisis is well known. He is of the strong belief that blowing up pipelines and causing further environmental pollution of the Niger Delta is not in the interest of the region as it would take over 100 years to remediate the effects of such environmental degradation. “Neither does he believe that economic sabotage at a time of economic recession that the nation is presently passing through can be an answer to the Niger Delta problem. “His abhorrence of violence in conflict resolution is legendary. Therefore, it beats our imagination why anybody in a right frame of mind would contemplate associating his name with militancy and degradation of a region

he had laboured so much to build while serving as Governor of Akwa Ibom State between 2007 and 2015,” Akpabio stated in a statement signed by his media aide, Anietie Ekong and made available to New Telegraph. An aide of Dickson told New Telegraph that there was no truth in the allegation. “It is inconceivable that Governor Dickson will be involved in the sponsorship of Avengers. There is no truth in it,” the governor’s aide said. Also, Metuh has denied the allegation that he was one of the sponsors of the militants. In a statement issued yesterday, Metuh described the plot to link him with the militant group as wicked and devilish. "I, therefore, find it very cruel that any person would, in any manner whatsoever, attempt to associate my name with anything to do with this group or its operations and I still wonder what the motive behind this sinister plot is. "Indeed, I believe this is a wicked, cruel and devilish plot to link me with such activities and, at this very time, especially as the claim is out rightly false," Metuh stated. He noted that he decided not to be drawn into any controversy, as he is presently preoccupied with matters concerning his health and court trial. According to him, he would not have responded to the allegation but for the fact that the matter borders on national security. He called on the Federal Government and security agencies to immediately investigate and arrest Cynthia Whyte, who purportedly circulated the report. New Telegraph could not reach the other personalities named as cosponsors of the militant group.

MONday, AUGUST 8, 2016 NEW TELEGRAPH

FIRST CITY MONUMENT BANK

RETURNS ON UTILIZATION OF FUND SOLD TO CUSTOMERS FOR WEEK ENDED FRIDAY AUGUST 05, 2016 SN

CUSTOMER

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INTERGLOBEVENTURESANDTRUSTLTD CLASSICSOAPINDUSTRIESNIGERIALIMITED MARYQUEENINTERNATIONALLIMITED CLASSICSOAPINDUSTRIESNIGERIALIMITED MEGAPLASTICSINDUSTRYLTD ANIMALCARESERVICESKONSULTNIGLTD JACOBSCANAANLIMITED MULTICHOICENIGLTD TRAININGANDMAPOWERDEVELOPMENTUNIT TRAININGANDMAPOWERDEVELOPMENTUNIT NOSAKFARMPRODUCELTD/BTA OGUNBORRISIKATUE/PTA ANKELIANTHONYAPOCHI KASSIMOLUWAKEMIR/PTA OLANUBIOLABODE/MASTERCARD YEMISIFALEYE/PTA IGBALAIYEABIODUNS/PTA ADEWOLEADEKANMIA/PTA AKERELEDAYOJAMES/PTA AROMONAHSAHEEDO/PTA AJISEGIRISAHEEDO/PTA ALIUKUDIRATADEOLA/PTA ODUKOYABABAJIDEE/PTA TIJANIISMAILA/PTA EBOHONOLUBUKUNOLAT/PTA SANUSIMARIAM/PTA AZEEZMUTIATABIDEMI/PTA ABIONAABIMBOLAO/PTA PETERSOLUSOLAPE/PTA ALUREBECCAO/PTA OLORIABIMBOLAABALOGUN/PTA AREMUOLAWALEP/PTA PRAYDEPTHNIGLTD/BTA FIRSTALMONDINVESTMENT/BTA JADEGLOBALCONLTD/BTA WILLIAMSBABATUNDET/PTA YUSUFOLUWABUKOLAS/PTA IMEOKPARIAEBUNOLUWA/MASTERCARD JIMOHMUBARAKA/PTA AROWOLOJOHNSONA/PTA KOTOYEOBAFEMIOLALEKAN/PTA KAREEMSULAIMONA/BTA OBASIANAPUCHI/PTA OKUSANYAOLAYINKAB/PTA ESANBABATOPEABIDEMI/PTA ADEWOYETIMOTHYO/PTA ONAKADETOLULOPEA/PTA MURITALALATEEFA/PTA ISIAKALUKMANO/PTA MUHAMMEDYEWANDEA/PTA ADEKOYAOMOTOLA/MASTERCARD OYEFUGAOLATUNJI/PTA KESWANITIKAMDASH/BTA OLORIABIMBOLAABALOGUN/PTA ABUBAKARUMARUS/PTA OLAMETANIGENT/MASTERCARD DIPOXRESINFLOORSLTD/BTA ODUSADELANRE/PTA DAOOTCONCEPT/BTA ONYEMAEGBUTAO/BTA GRACEOKPARA/PTA UGOCHUKWUDEBORAHN/PTA OLANIKEONASILE/MASTERCARD ABDULRAZAQKASSIM/PTA SHOYINKAAGBOOLAA/PTA ARROWHEADAUTOMOBILES OGBONNALINDANKECHI UMARABDULLAHI/PTA ABODEOLABISI/MASTERCARD PETERSOLUSOLAPE/PTA PERFECTPACKAGINGLTD ABEJIDEOLUBUKOLAADETOKUNBO ANKELIANTHONYAPOCHI ANTHONYIBEKWE AVIVAINDUSTRIESNIGERIALTD ONWUGHAIBENJAMIN/BTA ONWUGHAIABIOLAS/PTA BOLALERONIGERIALIMITED FASINROMORONFOLUOLASENI IJEHCHIMENAGIJEHEBERECHUKWU MAAMATITILOPESTORES PEMOCHEMICALANDALLIEDPRODUCTS ROMARONGNIGERIALIMITED SOMOTEXNIGERIALIMITED SOTUBOADEBUKOLAIYABODE SOTUBOADEBUKOLAIYABODE ODOHCOSMAS HYBRIDSHIPPINGSERVICESLIMITED HYBRIDSHIPPINGSERVICESLIMITED HYBRIDSHIPPINGSERVICESLIMITED ODOHCOSMAS ECOLYTESYSTEMSLTD PEMOCHEMICALANDALLIEDPRODUCTS TOMOROLINVESTMENTSLIMITED NANDOPHARMACYLIMITED KAYAMAKEN/PTA BRILLIANTSHIPPINGSERVICESLIMITED OLATUNBOSUNOLADIPO/PTA MASUDAISHAABDULLAHI/PTA KESWANTPRAKASHT/BTA PREPAIDVACATIONALL/PERDIEM MASUDABDULLAHIBABA/PTA ADETUNJIOLUGBENGA/PTA EGELESUNDAYB/PTA KESWANTIHARANAP/PTA OBIANUGBASAMSONC/PTA OMOGIWAMATTHEWTAIYE ADELEYEEADELAJA ATAKEEYIMDFEDOYLESAN BAKAREOLAJUMOKEP DE-GAENIGERIALTD/BTA YUSUFTUNDEENT/PTA ADEGBEMILESOLAPEV/PTA OLUBUSOLAADEKUSIBE/PTA LUKADGLOBALVENT/PTA ADEGBEMILEO/PTA OBETTACHRISTIANIKENNA/PTA BELLOLOOKMANA/PTA AKINOLAOLANREWAJUA/PTA REWANEO.OLUDEWA/MASBDC EGUNJOBIMAYOWA/PTA OJOANUOLUWAPOO/PTA AKINRELEFRANKA/PTA OKESANJOMOSOPEFOLUWA/PTA OJUAHFABIANONYEKWELU/PTA KUSHIMORAHMONA/PTA OBASICATHERINE/PTA AKINRELEFRANKA/PTA OHAUBUNWAMAO/PTA ATEREADEYOSOLA/PTA BANKOLEOLUWAKEMI/PTA AKINRELEFRANKA/PTA EBINUMANTHONYI./MASTERCARDPREFUND OJUAHFAB-ELVISCHIWADO/PTA MARINHOOLIVIASIMISOLA/PTA EGUNJOBILAWRENCE/PTA PETERSOLUGBENGAO/PTA EMMANUELOLUWASESAN/PERDIEM AGBOOLAOLAWALE/PTA ENERGOBUILDINGCONSTRUCTIONLTD/BTA ADEGBEMILEOLUROTIMI/PTA ADEMOLAOSINUGAM/PTA EMMANUELOLUWASESAN/PTA LUKADBAKERYLTD/PTA EBINUMANTHONYI./MASTERCARDPREFUND FIRSTBANKOFNIGERIAPLC STANDARDCHARTEREDBANK CITIBANKNIGERIALIMITED DIAMONDBANK STERLINGBANK FIDELITYBANKPLC KARIMKABIRAMOTO FirstCityMonumentBankLTD SCOTTSINDUSTRIESLIMITED EZEIFEDICASMIR/MASTERCARD KATEIME/PTA EFEMAZCONSTRUCTIONANDGESERVICESLTD KLYSATGENERALENTERPRISES PEUGEOTAUTOMOBILENIGERIALIMITED BLACKHORSEPLASTICINDUSTRYLIMITED BASCONIGERIALIMITED OLAKROOFINGNIG.LTD OLAKROOFINGNIG.LTD ADEDEJIADETUTUAYOADE AARANONIGLTD AGLEVENTISNIGPLCLEVENTISMOTORS ADETUNJIOLUGBENGA/PERDIEM TEMITOPEAKINTAYO/MASTERCARD AKINBAMIMARGARETO/PTA

INDUSTRIALRAWMATERIALS TALCPOWDER500MESHPACKING: IMPORTATIONOFDIAPERS PACKAGINGMATERIALFORINDUSTRIALUSE PPCOPOLYMER VETERINARYANTIBIOTICS SCHOOLFEES PROGRAMMINGANDSUBSCRIBERSCHARGE TRAININGFEES TRAININGFEES PTA/BTA PTA/BTA TUITIONFEES PTA/BTA PREPAIDMASTERCARD PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PREPAIDMASTERCARD PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PREPAIDMASTERCARD PTA/BTA PTA/BTA PTA/BTA PTA/BTA PREPAIDMASTERCARD PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PREPAIDMASTERCARD PTA/BTA PTA/BTA SCHOOLFEES EXAMFEE PTA/BTA PREPAIDMASTERCARD PTA/BTA IMPORTATIONOFLABELSPRINTEDPAPERCORE SCHOOLFEES TUITIONFEES SCHOOLFEES RAWMATERIALFORMANUFACTURINGBOOKS PTA/BTA PTA/BTA ACCOMODATION&UPKEEP MORTGAGE TUITIONFEE SCHOOLFEES MIXTURESOFODORIFEROUSSUBSTANCES PRINTINGWHITELINEDCHIPBOARD MIDEABRANDCHESTFREEZERINCOMPLETELY SCHOOLFEES SCHOOLFEES SCHOOLFEES CHARTEREDFEEFORVESSEL CHARTEREDFEEFORVESSEL CHARTEREDFEEFORVESSEL SCHOOLFEES LIGHTINGFITTINGS. MIXTURESOFODORIFEROUSSUBSTANCES SCHOOLROOM&LIVINGEXPENSE PHARMACEUTICAL PTA/BTA CHARTEREDFEE PTA/BTA PTA/BTA PTA/BTA PERDIEM PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA TUITIONFEE SCHOOLFEES SCHOOLFEES MORTGAGE PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PREPAIDMASTERCARD PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PREPAIDMASTERCARD PTA/BTA PTA/BTA PTA/BTA PTA/BTA PERDIEM PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PREPAIDMASTERCARD INTERBANK INTERBANK INTERBANK INTERBANK INTERBANK INTERBANK ACCOMODATIONFEES FINACLE10UGRADE RAWMATERIALSFORINDUSTRY PREPAIDMASTERCARD PTA/BTA SCHOOLFEES ESSENTIALRAWMATERIALSFORINDUSTRY 14UNITSOFPEUGEOTVEHICLES polypropylenehomopolymer BAZUKIBRANDFOURSTROKEMOTORCYCLE EQUIPMENTFORCOLDROLLINGMILL EQUIPMENTFORCOLDROLLINGMILL SCHOOLFEES 1,COMPLETEINJECTIONPUMP VWTRUCKSPAREPARTS PERDIEM PREPAIDMASTERCARD PTA/BTA

DATEOFFUND EXCHANGE AMOUNT PURCHASE RATE 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16

316.00 16,335.00 316.00 49,500.00 316.00 6,211.60 316.00 27,428.00 316.00 23,925.39 316.00 100.00 316.00 6,500.00 316.00 150,000.00 328.50 6,567.20 328.50 19,600.00 305.00 3,869.84 305.00 3,869.84 316.50 4,684.25 313.00 3,000.00 313.00 2,811.00 316.50 3,975.51 313.00 4,000.00 313.00 4,000.00 313.00 4,000.00 313.00 4,000.00 316.50 3,000.00 316.50 4,000.00 300.50 4,000.00 300.50 4,000.00 313.00 4,000.00 313.00 4,000.00 316.50 4,000.00 313.00 4,000.00 312.50 3,300.00 313.00 4,000.00 300.50 4,000.00 313.00 4,000.00 312.50 5,000.00 312.50 5,000.00 312.50 5,000.00 300.50 4,000.00 300.50 4,000.00 316.50 10,000.00 300.50 4,000.00 313.00 4,000.00 316.50 4,000.00 316.50 3,000.00 316.50 4,000.00 300.50 4,000.00 313.00 4,000.00 316.50 4,000.00 313.00 4,000.00 313.00 4,000.00 316.50 3,000.00 313.00 4,000.00 313.00 1,000.00 313.00 4,000.00 313.00 3,000.00 300.50 4,000.00 300.50 4,000.00 316.50 2,000.00 316.50 3,000.00 313.00 4,000.00 300.50 5,000.00 316.50 3,000.00 313.00 4,000.00 316.50 3,000.00 313.00 100.00 313.00 3,000.00 316.50 3,000.00 328.50 10,000.00 328.50 13.49 316.50 4,000.00 313.00 2,000.00 313.00 566.29 316.00 20,000.00 0.00 5,372.00 329.00 8,340.25 331.00 17,953.06 321.00 50,000.00 321.00 4,000.00 321.00 4,000.00 329.00 6,704.83 309.00 6,217.69 329.00 7,000.00 329.00 8,012.00 330.50 45,000.00 323.00 16,530.00 317.50 3,000.95 331.00 16,008.00 330.50 21,738.86 328.50 13,780.00 344.50 520,000.00 344.50 80,000.00 344.50 400,000.00 328.50 10,765.63 328.50 28,901.25 330.00 60,525.00 328.50 6,882.00 197.50 5,000.00 300.50 4,000.00 330.50 50,000.00 320.50 2,500.00 328.50 2,000.00 328.50 2,000.00 328.50 2,490.00 328.50 2,000.00 316.50 4,000.00 328.50 4,000.00 328.50 3,000.00 328.50 4,000.00 330.50 3,395.00 330.50 20,118.40 330.50 13,580.00 330.00 1,916.14 305.00 4,000.00 313.00 4,000.00 330.00 4,000.00 316.50 4,000.00 316.50 5,000.00 330.00 4,000.00 328.50 4,000.00 330.00 4,000.00 328.50 4,000.00 330.00 3,055.00 328.50 4,000.00 313.00 4,000.00 328.50 4,000.00 319.50 4,000.00 313.00 4,000.00 313.00 4,000.00 316.50 4,000.00 328.50 4,000.00 313.00 3,000.00 313.50 1,000.00 316.50 4,000.00 328.50 1,640.00 330.00 35.00 313.00 4,000.00 313.00 4,000.00 328.50 4,000.00 313.00 3,000.00 330.00 4,500.00 313.00 1,000.00 330.50 5,000.00 330.00 4,000.00 330.00 4,000.00 330.00 4,000.00 316.50 5,000.00 328.50 145.00 310.00 500,000.00 310.00 500,000.00 310.00 500,000.00 310.00 1,000,000.00 310.00 500,000.00 310.00 500,000.00 330.50 3,233.35 330.00 100,000.00 310.50 100,000.00 330.00 1,500.00 302.00 4,000.00 310.00 9,280.00 310.00 20,000.00 310.00 836.96 310.00 40,000.00 310.00 20,000.00 310.00 20,000.00 310.00 20,000.00 310.50 6,752.00 310.00 52,428.68 310.00 30,000.00 330.50 3,735.00 330.00 5,000.00 330.50 4,000.00

170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371

ADVEEMNIGERIALIMITED AFRICANCONSUMERCARELIMITED AFRICANCONSUMERCARELIMITED AGBONTAENANGELA AJANTAPHARMANIGERIALIMITED ALUMGREENNIGERIALTD ALUMGREENNIGERIALTD CHINEDUOGOSIDANIEL/PTA EKWUEMEJACHIKEK/BTA BIFONINTERNATIONALCOLTD BIMAWAVESNIGERIALIMITED OGIRRIROBERTOSHIOKE/PTA BSVINDUSTRIESLIMITED CHFHERONNIGERIALIMITED CAMELAVEGOILCOLTD CHEMLAPNIGERIALIMITED CHUKWUDIEKEHMARTIN CLEMSON(WA)LTD CROWNSTARCOMMERCIALINVESTMENT AA2882986/AUERBACHGRAYSON AA2882985/HSBC AA2788697/BLOOMBERGFINANCELP DELIFROSTCATERERSNIGERIALIMITED DETAILEDDESIGNSLIMITED DYNAMICINDUSTRIESLIMITED EBMSYSTEMSNIGERIALIMITED EHIOKUONGHAEPETEROSAZEE EHIOKUONGHAEPETEROSAZEE EMANEUINDUSTRIESCOMPANYNIGERIALTD EMELHOUSEWARELIMITED EMELHOUSEWARELIMITED EMERGINGMARKETSTELECOMSERVICE EMOCHINDUSTRIALCOMPANY EVANSINDUSTRIESLIMITED EZEKWESILIMADUKAANDCHIDIRIM FINECHEMICALSNIGERIALIMITED FIRSTCHOICEGLOBALUTILITIESLIMITED FirstCityMonumentBankLTD FLOURISHWATERLIMITED GAUZEPHARMACEUTICALANDLABORATORIES GILCENTINTERNATIONALLTD GILCENTINTERNATIONALLTD GMTNIGERIALIMITED GREENEXPRESSMULTIDYNAMICSLTD GUAZMANJAJAINDUSTRIES ADEBIBUFUNMILAYO/MASTERCARD ADEWOYEOLUWASENI/MASTERCARD ASHCROFTFOLORUNSHO/PTA GOLDENOILINDLTD/BTA OKORIEMICHAEL/MASTERCARD ADEDIBUABAYOMI/MASTERCARD APELCAPITAL&TRUSTLTD/BTA ADEBIBUADEDAMOLA/MASTERCARD ALAOOLANIYI/MASTERCARD ADEDIBUADEDUNMOLA/MASTERCARD OMOLOLUABOSEDEO/PTA OMOLOLUAJIBADEB/PTA KAKAIBRAHIM/PTA JIBRILISMAILSISE/PTA IGWECELESTINECHUKA INANIASHOK INFINITYTYRESLIMITED INTERSWASTIKNIGLTD INTERSWASTIKNIGLTD IYKCONINTERNATIONALMARITIMEAGENCIES IYKECHUCKSMULTI-LINKSCONCEPTLIMITED JOFNIGERIALIMITED JEZCOOILNIGLTDDEPOTACCOUNT JOSHUAOHENRIETTA KAMAGINTEGRATEDSERVICESNIGERIALIMITED KAMSYCHEMICALANDALLIEDPRODUCTS NUHUMARIYA/BTA KCDOZIEHOLDINGSLIMITED LALIDPHARMACEUTICALCOMPANYLIMITED LINKEZPRODUCTSNIGERIALIMITED AYODEJISANNI/MASTERCARD BALOGUNOLUGBOYEGA/PTA OYENANJOOLAWALEO/BTA BALOGUNOSCAR/PTA ROTIMIELIZABETHO/PTA LONGJONATHAN/PTA ADENUGAFESTUSK/PTA ADEKUSIBEOLUBUSOLA/PTA OSINIBITOLULOPEI/PTA OSINIBITOLULOPEI/PTA BALOGUNBABAJIDE/PTA MIRASETNIGERIALIMITED MITSULIFTNIGERIALIMITED KOKOYEOLUSOLA/PTA MTNNIGCOMMUNICATIONSLTD NIGERIANBREWERIESPLC. NWOSUJONESNDUBUISI OMOLAREWAJUENTERPRISES SOFOLUWEBOLUWATIFE/PTA OBAJANAAGROSACKSLTD AINARAPHAELADEYEMI/PTA AINACATHERINEA/PTA OJICAMCOMPANYNIGERIALIMITED EZIKEOGOJOHNSON/BTA WASIUDEENJIMOH-ENIOLAH/PTA OLALEKANOLUWASEGUNA/PTA EDEHMOSESO/PTA STERARDRESOURCESLIMITED/BTA PAPAUWAINTERNATIONAL/BTA ALLIUABDUL-WASIUO/PTA EKWOABAUCHENNAP/PTA POPOOPLASODIQO/BTA OLUMINEVENTURESLIMITED OMOTOYETEMIDAYO ORESHADEOMOBOLANLEAINA ABUSADIATOLANIKE/PTA OSUGONZEFILICORNELIUS OZODINOBIGEORGEIBEZIMAKO PERSEUSCONCEPTSLIMITED PEUGEOTAUTOMOBILENIGERIALIMITED POLLYCARPINTERNATIONALCOMPANYLIMITED PUNCHNIGERIALIMITED RASHAINDUSTRIESLIMITED RICHLANDAUTOMOTIVEPRODUCTSLTD RICHYGOLDINTERNATIONALLTD RICHYGOLDINTERNATIONALLTD ROMARONGNIGERIALIMITED ROBINSONVENTURESLIMITED OYEWOLEADEDOYIN/PTA SEGUNODUSANYA/PTA CARAGATLTD/BTA LIADI-NOLLAUTHMAN/PTA SAROAGROSCIENCESLIMITED SHIVEXHOMEANDELECTRICALAPPLIANCESLTD SOHOMAVITAVENTURESLIMITED SOSACONIGERIALIMITED THEMUSTARDSEEDAGRICULTURALDEV.LTD TOWERPOWERABEOKUTALTD UDEJEKCONCEPTLTD UDEJEKCONCEPTLTD UCHESONCONTINENTALINDUSTRIESLTD UGOMINOINTERNATIONALLIMITED UWAERIGLOBALRESOURCES VIKINDUSTRIESLIMITED ASIMOLEUCHENNAJULIA/PTA YRAINTLANDCOYLTD ZEEMANINTERNATIONALBIZRESOURCESLIMITED ZUMACEXCELGLOBALCOMPANYLIMITED ZEKWESINDUSTRIESLIMITED QTENVENTURESLIMITED OKEKERITAUCHENNA OKEKERITAUCHENNA SOYEMIADENIKEMOMUDAT/PTA SOYEMIADENIKEMOMUDAT/PTA AJAYIBABAJIDEAYODIMEJI/PTA NKEIRUKALASISI/PTA NASIRUMOHAMMED-N/PTA KAYAMAKEN/PTA ADEMOLAOLUWAYIMIKA/PTA FALANAOLUSEGUN/PTA FALANABOLUWATIFE/PTA FALANAADENIKE/PTA AERONAUTICALENGINEERINGSERVICESLTD OLAWOYINGBOLAHAND/PTA AIRWAVELIMITED AIRWAVELIMITED AIRWAVELIMITED AIRWAVELIMITED AIRWAVELIMITED AIRWAVELIMITED AKANMUOLUMIDEA ARROWHEADAUTOMOBILES ENUKORAHKAMSIYOCHUKWUI/PTA ENUKORAHJOANCHINELO/PTA CHRISTOPHERBOBIDA DYNAMICINDUSTRIESLIMITED EKOMWERERENJANEESEOSA EMERIBEIFEOMACONSTANCE ENIOLAOLATUNDUNEBUNOLUWA FirstCityMonumentBankLTD EBRIFABIANIBOR/PTA OSIBOBABASOLA/PTA MOBOLAJIALLI/PTA OGUNRAKINYOSTELLA/PTA CROWNFLOURMILL/BTA OKECHUKWUAMAKA/PTA AYANBADEJOKAZEEMB/PTA AYANBADEJOOLUSOLAA/PTA SETAGCONCEPT/PTA BADMUSFUADABOLAJI/PTA TIMOTHYJAMES/PTA BINIBRAHIMYAHYA/PTA ADEYINKAOLUDAYO/PTA ADEKOLAADESHOLA/PTA OLUMUYIWAOGUNSANYA/PERDIEM JEZCOOILNIGLTDDEPOTACCOUNT JEZCOOILNIGLTDDEPOTACCOUNT JOHANANWORLDLTD AJIBOYEOLUWAFUNMILAYOT/PTA OLANIYANADEMOLAL/PTA TINUOYEOLUWASEUNS/PTA AJIBOYEOLUWATOYINE/PTA JIMOHLAWALO/PTA AWODUNOMOBOLANLEH/PTA OYEWALEADEBUKOLAO/PTA JUSTICEISAMUHAMMADUDODO JUSTICEISAMUHAMMADUDODO

ESSENTIALINDUSTRIALRAWMATERIAL PRECIPITATEDSILICAMFIL-P PRECIPITATEDSILICAMFIL-P SCHOOLFEES COMBISUNATE80/480 LOANREPAYMENT LOANREPAYMENT PTA/BTA PTA/BTA FLATMETALSHEETS SCHOOLFEES PTA/BTA POLYVINYLCHLORIDE HAIRCAREPRODUCTS TUTIONFEE VINYLACETATEMONOMER(VAM) TUITIONFEE TOBACCO AGRICULTURALHANDSPRAYER REPATRIATIONOFBROKAGECOMMISION REPATRIATIONOFBROKAGECOMMISION REPATRIATIONOFBROKAGECOMMISION LACTELUHTMILKINPLASTICBOTTLES SCHOOLFEES LOWDENSITYPOLYETHYLENELOTRENE POLYESTER,GASKET,CELLOPHINE. UPKEEP&ACCOMODATION UPKEEP&ACCOMODATION GUMSTAY,PACK:100YDS/ROLL 26,560PCSOFEMELBRANDVACUUMFLASK 26,560PCSOFEMELBRANDVACUUMFLASK LOANREPAYMENT TEXAPON-N70(SLES)METHYLSALICYLATE SODIUMSALTOFPALMITICACID SCHOOLFEES RAWMATERIALSFORINDUSTRIALUSE:ETHYL SCOTCHCASTSPLICINGKIT CONSULTANCYFEE WATERPURIFICATIONMACHINE LABEQUIPMENTANDMINIDRYMACHINES FISHMEALBRAND:FF FISHMEALBRAND:FF INJECTIONSASOLHRV140 WELDINGELECTRODE NEWAUTOSPAREPARTS PREPAIDMASTERCARD PREPAIDMASTERCARD PTA/BTA PTA/BTA PREPAIDMASTERCARD PREPAIDMASTERCARD PTA/BTA PREPAIDMASTERCARD PREPAIDMASTERCARD PREPAIDMASTERCARD PTA/BTA PTA/BTA PTA/BTA PTA/BTA TUITIONFEES HOMEREMITTANCE SPAREPARTS MOULDSFORMANUFACTURINGPLASTIC MOULDSFORMANUFACTURINGPLASTIC ROLLFORMINGMACHINE RECHARGEABLEEMERGENCYLAMP SKIMMEDMILKPOWDERMSKMHSPEC. BASEOIL ACCOMODATION&TUITIONFEE PPCOPOLYMER-GRADEELPROP840J CALCIUMCARBIDE50/80MM(295L/KG) PTA/BTA MOTOCYCLEINCKD SOLAMOL-2TABLET NEWMOTORCYCLESPAREPARTS PREPAIDMASTERCARD PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA TUITIONFEE MITSUBISHINEXIEZ-MRLELAVATOR, PTA/BTA TELECOMMUNICATIONEQUIPMENT RETROFITTING0.3FAYROUZSPARES MEMBERSHIPFEE HOUSEHOLDSEWINGMACHINE PTA/BTA SPAREPARTSFORTEXTILEMACHINES PTA/BTA PTA/BTA NEWSPAREPARTS PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PRE-CUT(92LOOPSWIRE)7/16WHITE SCHOOLFEES SCHOOLFEES PTA/BTA SCHOOLFEES ACCOMODATIONFEE ADVERTISINGSRVICES 14UNITSOFPEUGEOTVEHICLES AGRICULTURALHANDSPRAYER RAWMATERIALSNEWSPRINTPAPER HIGHDENSITYPOLYETHLENE PARTS&MOTORCYCLEACCESSORIES PHARMACEUTICALRAWMATERIALS PHARMACEUTICALRAWMATERIALS PRINTINGWHITELINEDCHIPBOARD HYDROCARBONRESIN PTA/BTA PTA/BTA PTA/BTA PTA/BTA GLYPHOSATE(GOBARA)360G/LTR ASSORTEDCONFECTIONARY CORNSTARCHPACKEDINPAPERBAGSOF25KG MACHINERIES BABYWALKER TRANSFORMERANDRECTIFIER SCHOOLFEES SCHOOLFEES AUTOBODYFILLERLIGHTWEIGHT NEWSPAREPARTS HYDRAULICJACKS MATERIALSFORMANUFACTUREOFINJECTION PTA/BTA POLYCARBONATEHOLLOWADNSILICONE OEMINVERTERS NEWMOTORCYCLESPAREPARTS BAGS-CKDSCHOOLBAG UPKEEP TUITIONFEE TUITIONFEE PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA FERRYFLIGHT PTA/BTA SINEWAVEHUPSINVERTERSETS-MPOWER SINEWAVEHUPSINVERTERSETS-MPOWER SINEWAVEHUPSINVERTERSETS-MPOWER SINEWAVEHUPSINVERTERSETS-MPOWER SINEWAVEHUPSINVERTERSETS-MPOWER SINEWAVEHUPSINVERTERSETS-MPOWER SCHOOLFEES SCHOOLFEES PTA/BTA PTA/BTA SCHOOLFEES SCHOOLFEES SCHOOLFEES SCHOOLFEES SCHOOLFEES SOFTWARE PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PERDIEM BASEOIL BASEOIL CHARGER,METALMAGNETS,CHOKECOIL PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA SCHOOLFEES SCHOOLFEES

4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16

310.00 310.00 310.00 310.50 310.00 310.00 310.00 330.50 330.00 310.00 310.50 330.50 310.00 310.00 310.00 310.00 310.50 310.00 310.00 330.50 330.50 330.50 310.00 310.50 310.00 310.00 310.50 310.50 310.00 310.00 310.00 310.00 310.50 310.00 310.50 310.00 310.00 330.50 310.00 310.00 310.00 310.50 310.00 310.00 310.00 330.00 319.50 330.00 330.00 330.00 330.00 330.00 330.00 330.00 330.00 330.00 330.00 330.50 330.50 310.50 310.50 310.00 310.00 310.00 310.00 328.50 310.00 310.00 310.50 310.00 310.00 330.00 310.00 310.00 310.00 330.00 316.50 330.50 316.50 330.50 316.50 330.50 330.50 330.50 330.50 316.50 310.50 310.00 330.50 310.00 310.00 328.50 320.50 330.00 310.00 330.00 330.00 310.00 330.50 330.50 330.50 330.50 330.50 330.50 330.50 330.50 330.50 310.00 310.50 310.50 330.00 310.50 310.50 330.50 310.00 310.00 310.00 310.00 310.00 310.00 310.00 310.00 310.00 330.50 330.50 330.50 330.50 310.00 330.50 310.00 310.00 328.50 310.00 310.50 310.50 310.00 310.00 310.00 310.00 330.00 310.00 310.00 310.00 310.00 310.50 328.50 328.50 330.50 330.50 300.50 300.50 300.50 300.50 330.00 330.00 330.00 330.00 330.00 300.50 310.50 310.50 310.50 310.50 310.50 310.00 332.50 332.50 330.50 330.50 310.50 332.50 332.50 330.50 319.50 332.50 302.00 330.50 330.00 330.00 330.00 330.00 330.00 330.00 330.50 330.00 330.00 330.00 330.00 330.00 330.00 310.50 310.50 310.50 330.00 330.00 330.00 330.00 330.00 330.00 330.00 310.50 310.50

3,898.06 13,120.00 11,040.00 741.99 20,000.00 853.67 3,430.95 4,000.00 1,150.00 10,000.00 4,300.00 4,000.00 58,000.00 23,000.00 5,225.00 5,000.00 5,010.00 5,000.00 22,094.00 9,589.38 11,037.74 33,055.33 7,046.90 10,947.17 50,000.00 7,046.90 6,790.00 6,790.00 4,000.00 24,787.29 16,205.23 31,250.00 34,482.30 31,002.01 4,000.00 11,621.58 5,000.00 9,658.08 4,000.00 4,000.00 7,768.00 13,805.83 21,212.26 10,000.00 4,000.00 5,000.00 700.00 3,000.00 5,000.00 5,000.00 5,000.00 4,000.00 5,000.00 9,090.00 5,000.00 1,000.00 4,000.00 4,000.00 4,000.00 1,986.00 1,300.00 41,482.10 13,310.00 17,877.74 5,000.00 8,543.21 29,281.74 100,000.00 14,771.09 36,007.48 10,000.00 4,000.00 5,000.00 5,000.00 4,500.00 35.00 3,990.52 4,000.00 3,990.52 4,000.00 4,000.00 4,000.00 4,000.00 3,998.79 3,998.79 3,833.36 6,563.00 15,195.00 4,000.00 31,250.00 30,000.00 103.00 81,140.00 4,000.00 30,000.00 4,000.00 4,000.00 5,000.00 5,000.00 4,000.00 4,000.00 4,000.00 5,000.00 4,000.00 4,000.00 4,000.00 5,000.00 10,840.00 6,790.00 1,075.00 4,000.00 6,060.00 3,000.00 9,015.00 958.74 24,502.32 30,000.00 10,955.38 11,000.00 7,000.00 5,000.00 9,154.26 25,617.50 3,000.00 4,000.00 4,000.00 2,000.00 12,195.60 22,328.12 23,000.00 25,000.00 35,663.15 24,064.00 9,015.00 4,410.00 5,000.00 7,000.00 8,000.00 47,600.00 3,000.00 30,609.40 50,000.00 4,500.00 9,000.00 13,668.00 5,000.00 10,000.00 3,688.05 3,688.05 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 100,000.00 4,000.00 141,950.00 141,950.00 130,300.00 142,010.00 30,300.00 100,000.00 13,405.00 10,000.00 4,000.00 4,000.00 969.57 3,955.00 12,586.00 4,357.48 6,000.00 50,000.00 3,000.00 4,000.00 3,000.00 3,000.00 2,000.00 4,000.00 4,000.00 4,000.00 5,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 3,735.00 870,000.00 530,000.00 20,158.08 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 8,000.00 6,285.71

372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422

LEGACYPENSIONMANAGERSLTD WUNMIABIODUN/MASTERCARD ADEYEMIADEOLA/BTA KELECHIANUKAM/MASTERCARD OKANDEJIABIODUNY/PTA ERUKUBAMISEGUNF/PTA KADIRIALIUO/PTA JIMOHKABIRA/PTA TALDAIBUM/PTA GBADEGESHINNURUDEENO/PTA KOLAWOLEOSAHEED/PTA AREWARILWANO/PTA KADIRIALIUO/PTA ADEBAYORIDWANO/PTA AKINBOGUNAKINOLAB/PTA AKINNUSIOLAMIDEA/PTA JOLAYEMIMORUFUA/PTA BALOGUNADEWALES/PTA ALIYBALOGUNQ/PTA ADIGUNBABATUNDEY/PTA OSINIBITOLULOPEI/PTA BELLOKOLAWOLEA/BTA ATIRIOJUMATANEF/PTA FABZONECONCEPT/BTA MULTLOCKNIGERIALIMITED MULTLOCKNIGERIALIMITED ADEWUSI-OKEIDERAK/PTA NDUMANYANONYELUMB OCTOGONEINTERNATIONALGAS&OILLTD davidodunukwei/pta thompsonusenobongM/pta ahmedadamu/pta ezeochachinemeres/pta dawoduolatunji/pta Sundayayeloadewale/PTA chidinmamercyndukwe/PTA OKEKERITAUCHENNA oyesilekayodea/pta amoruinterna onal/PTA ayodejiadewuyi/pta adrienne kolo/pta awoямБsayobukola/pta MAISONDEONGLESNIGERIA/BTA OLAOYEABIMBOLAO/MASTERCARD OJUAHCOMFORTN/PTA AWANIOMOWUNMIO/PTA POPOOLAIBUKUNOLUWATEMITOPE ROUSTABOUTINVESTMENTLIMITED JAIYEOLATEMITOPE/PTA TEMITOPEADEBOYE/PTA TEMITOPEADEBOYE/PTA

TRAINGFEES PREPAIDMASTERCARD PTA/BTA PREPAIDMASTERCARD PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA ASSEMBLYOFLOCKS, ASSEMBLYOFLOCKS PTA/BTA SCHOOLFEES GASOIL PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA SCHOOLFEES PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PTA/BTA PREPAIDMASTERCARD PTA/BTA PTA/BTA MORTGAGE STEELWIREROPE PTA/BTA PTA/BTA PTA/BTA

5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16

330.50 319.50 302.00 300.50 330.50 330.50 330.00 330.50 319.50 319.50 330.50 330.50 330.00 330.50 330.50 330.50 330.50 330.50 330.50 330.50 330.50 330.50 330.50 330.00 310.50 310.50 330.00 330.50 313.50 330.50 330.50 330.50 330.50 330.50 298.00 298.00 330.50 313.00 302.00 300.50 302.00 300.50 330.00 330.00 330.00 330.00 332.50 310.50 330.00 330.50 330.50

6,316.50 3,000.00 5,000.00 5,000.00 4,000.00 4,000.00 2,500.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 2,500.00 4,000.00 2,500.00 2,500.00 4,000.00 4,000.00 4,000.00 4,000.00 3,998.79 5,000.00 4,000.00 4,000.00 71,943.43 28,056.57 2,500.00 1,230.77 500,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 10,350.17 2,500.00 3,000.00 500.00 3,000.00 4,000.00 3,500.00 4,000.00 5,000.00 2,500.00 3,076.13 7,000.00 4,000.00 4,000.00 4,000.00

RETURNS ON SOURCES OF FUNDS SOLD TO CUSTOMERS FOR WEEK ENDED FRIDAY AUGUST 05, 2016

SOURCE

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40

INTERBANK EXPORTPROCEEDS OTHERS OTHERS OTHERS INTERBANK INTERBANK INTERBANK OTHERS OTHERS OTHERS INTERBANK OTHERS OTHERS INTERBANK OTHERS OTHERS OTHERS OTHERS OTHERS OTHERS INTERBANK OTHERS OTHERS OTHERS CBNINTEVENTION OTHERS INTERBANK INTERBANK OTHERS OTHERS OTHERS OTHERS OTHERS OTHERS EXPORTPROCEEDS OTHERS INTERBANK OTHERS OTHERS

DATE OF FUND PURCHASE

EXCHANGE RATE

1-Aug-16 1-Aug-16 1-Aug-16 1-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 2-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 3-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 4-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16 5-Aug-16

326.00 320.00 308.00 322.00 308.00 313.00 329.50 328.00 308.00 308.00 317.00 344.00 320.50 320.50 329.50 330.50 328.50 330.00 197.50 308.00 310.00 310.00 330.00 310.00 330.00 309.50 310.00 330.00 330.00 310.00 310.00 310.00 330.00 310.00 310.00 330.00 310.00 310.00 310.00 310.00

AMOUNT 18,404.91 50,000.00 103.05 16,530.00 170.00 500,000.00 485,584.22 152,439.02 37,966.70 673.70 3,000.95 1,000,000.00 4,000.00 4,000.00 91,047.04 16,008.00 13,780.00 45,000.00 5,000.00 102.39 6,970.00 1,000,000.00 200,000.00 124.44 4,965.00 5,000,000.00 28.10 16,666.67 151,515.15 10,870.97 1,400,000.00 434.84 21,000.00 39.20 1,100.00 84,000.00 1,741.94 1,000,000.00 120.00 784.50

monDAY, AUGUST 8, 2016 NEW TELEGRAPH

METRO Muritala Ayinla and Taiwo Jimoh

ubilation continued in the palace of Oniba of Iba, Oba Goriola Oseni, and the entire Iba community Iba Local Council Development Area of Lagos State over the monarch’s freedom from kidnappers. This came as one of those arrested for Oba Oseni’s abduction said they collected N15.1 million ransom. The monarch, who recounted his experience in the hands of his abductors, told our correspondent that, for three weeks, the kidnappers fed him with bread and two sachets of water daily. He said: “Initially when I was taken to the creek, they were giving me Eba and Ogbono, but suddenly when they negotiated the first ransom with my children and without good bargaining they stopped the food. Thereafter, they started feeding me with bread and two sachets of water. I was also sleeping on the floor. “But in fairness, they did not maltreat me. However, they were always threatening to kill me if my children refused to bring the money they demanded. One of them told me that they were sent to kill me but they had a change of heart.” The monarch also said they asked him to cooperate. He added: “I promised to cooperate with them. But I told them to also treat me gently as their father. I told them that if not that I had undressed and nothing was on my body, they would not have taken me away easily like that. I even told them to stop smoking Indian hemp near where I was kept but one of them stood up to slap me. “The smoke from the Indian hemp which I inhaled in the creek increased my blood pressure. I almost died in the creek. It was God who took me out of the kidnappers’ den safely.” Oba Oseni recalled that he was about to take his bath on July 16 when the kidnappers struck. He said: “I heard a loud noise from the living room. When I went to check the cause of the noise, I was held and I was blindfolded and taken away through their speedboat. My wife was seriously injured and a security guard in the palace was shot dead. “When they were taking me to their waiting boat, they dragged me on the ground. I sustained injuries on my legs and some other parts of my body. It got to a stage I could not bear it anymore and I fainted. They fetched water from the river and poured it on me to revive me. When we got to the creek, we passed the night somewhere. I was given water

ABIODUN BELLO abiodun.bello@newtelegraphonline.com 08023938212

...CRIME, CITY WATCH, COURTS

I ate bread, water for three weeks –Iba monarch

lWe collected N15.1m, says kidnapper

Oniba of Iba, Oba Goriola Oseni

to bathe and food. “The following day which is on Sunday, we proceeded on another journey on the water and we finally arrived in another place in the creek where I was taken to a makeshift building in the creek. On the third day they called my children on the phone. But whenever they and my children did not reach agreement on the ransom, they would vent their anger on me and threaten to kill me if my children did not bring the money to them. “With the assistance of God, my children were able to raise the first money. They delivered the money somewhere at Agbara area for the abductors, which later created a confusion within their camp. The leader of the gang and some others went away with the money, leaving the junior ones. “After the gang leader had gone with the first ransom, the junior ones came to me and said they had to renegotiate with my children or else they would lock me up in one of the rooms in the building and leave me there. Before my children paid the second tranche, they came that night and took away the bed and tore the mosquito net I was sleeping under. That day I could not sleep throughout the night owing to mosquito bites. “When one of them saw the hardship I went through, he gave me his clothes to cover my body. But others collected the clothes from me and I slept on the floor.

The suspected kidnappers

Fortunately, in the morning when they came to see me, they gave me phone to speak with my children to bring N100,000 that they were going to release me because of the present economic situation of the country. “It was then I told my children to prepare the money. Then my children assured them of the money on Thursday. Early on Saturday morning, they blindfolded me. But suddenly that day, they changed their mind. They said they were not going again, because two of them had been arrested by the police. But I persuaded them. That was how we set out in a speedboat while a small canoe followed us. When we got to the middle of the river, they asked me to go into the canoe. “That was how I started paddling the canoe. When I got to a place at Akesan, I parked somewhere and I prayed to God for guidance. Thereafter, I proceeded on the journey not knowing that I was on Iba waterways. I got down and started walking on the road. When I asked from some people where I was, I was told it was Iba Expressway. That was how two other boys who knew me in the community started shouting ‘this is oba’. That was how I reunited with my family members.” Meanwhile, one of the suspects arrested in connection with Oseni’s abduction yesterday narrated how they collected N15.1 million ransom. This was even as Governor

Akinwunmi Ambode of Lagos State said the kidnappers would face the full wrath of the law. Two of the suspected kidnappers, Toba Forejo and Isaiah Ododomu, were paraded yesterday at the Lagos State House, Ikeja. They are both from Ondo State. Narrating how they masterminded the abduction to journalists, Ododomu said nine people went to the palace to kidnap the monarch. He gave the names of the gang members to include Toba, Igodo, Mighty, Folly and Sam. According to him, Micah, who is the leader, did not go with them because “he had a babe with him at home”. Ododomu said he ventured into kidnapping when oil bunkering was becoming difficult for them. The suspect explained that the kidnappers were armed with two AK47 rifles and three pump action guns during the attack. The suspect confessed that they first collected N12 million ransom and later demanded another ransom and were given N3.1 million extra, making a total of N15.1 million which they shared among themselves. He said: “I am a bunkering man. When this government stopped the bunkering business, our leaders formed another group and we started kidnapping to manage ourselves. I am a married man and I don’t have any job to cater for my family. When we started the kidnap-

ping business, whenever they collected N500,000, they would give me N20,000. “For this one, Toba, Igodo, Mighty, and others went to Iba, they kidnapped the king. After that they demanded N500 million, later they reduced it to N40 million. They gave them N12 million the first time. After that we gathered and shared the money. “All our senior people got the lions’ share of the money. They gave Toba N1 million while Igodo and Micah collected N2.5 million each. For me, they gave me N100,000.” Ododomu added that after he travelled and came back, some of them agitated that the money given to them was small and decided to demand the remaining N28 million. He said: “I told them that we should collect any amount and decamp because they can arrest us. Because of me, they agreed to collect N3,100,000. The family of the oba brought the money and they dropped it for us at Igbehinadun waterside. We went there and brought the money and they gave me N100,000. Toba and the others shared the remaining money. Our base of operation is at Izegemo creek in Ikotun area.” Ododomu said he was the one who paddled the monarch on the water to Iba while the others fled. Another suspect, Ferejo, also said they were nine people who kidnapped the monarch. He added that he was arrested at Iyana School area.

METRO

monDAY, AUGUST 8, 2016 NEW TELEGRAPH

Fake nurse, lawyer sell baby for N500,000

Generator fume kills inspector, female NSCDC official lover Pamela Eboh Awka

E Okonkwo and Joseph

Dominic Adewole ASABA

43-year-old fake nurse, Uju Okonkwo, now in police net in Asaba, Delta State, has reportedly sold a three-month-old baby to a Lagos-based businessman for N500,000. Also a fake lawyer, Ezurum Joseph, who claimed to have graduated from the Nnamdi Azikwe University (NAU), Anambra State, in 2011 with registration number 39017, was arrested along with Okonkwo. Over the years, Joseph has provided the hideouts where Okonkwo was using to harbour her victims and has stood as the woman’s solicitor. The said fake lawyer confessed that he dropped out of school after he could not pass four courses, which prevented him from attending Law School. However, Joseph has since been defrauding unsuspecting members of the public. Three female human trafficking victims, Chinyere Ude (19), Happiness Igwe (20) and Esther Frank (17), who were respectively in their advanced stages of pregnancy, were rescued from the traffickers’ den. The girls disclosed that they were brought to the hideout by Okonkwo, a widow, who claimed to have worked at Chinonso Hospital, Nkpor in Anambra State, for the purpose of selling their babies after delivery. Men of the Special Anti-

Kidnapping Squad (SAKS) raided the hideout on Okpanam Road in Oshimili North Local Government Area of the state, after a tipoff that the three girls had been kept there and would soon deliver while their babies would be sold to the highest bidders. The state Commissioner of Police, Zanna Ibrahim, who paraded the suspects with the pregnant girls in Asaba, said Okonkwo was nabbed after an intensive surveillance by his men. Gnashing her teeth on the parade ground, Okonkwo, who said she had no registered name for her organisation and had been in the game with the lawyer for over one year, confessed that she sold a baby for N500,000 to a Lagos-based businessman. Ibrahim described the suspects as human traffickers. He said: “The matter before us is a complete case of human trafficking and other related offences. Only God knows how many innocent children they have sold into slavery, to unknown persons for money rituals. “The suspects have started helping us in our investigations.” The commissioner said the war against crimes must be won “to stop careless wastage of lives and property”. Appealing to parents and guardians to be alive to their responsibilities in providing proper guidance to their children and wards, Ibrahim said the suspects would soon be arraigned.

zenifite community at Okpuno in Awka South Local Government Area of Anambra State over the weekend became a Mecca of sort as many residents of Awka trooped there to behold the bodies of two lovers. The lovers, a police inspector and an official of the Nigeria Security and Civil Defence Corps (NSCDC), reportedly died of carbon monoxide from a generator. The name of the inspector, a father of three, could not be ascertained at press time but the NSCDC official was identified as Ifeoma Okeke, a mother of five. The two were found dead on the third floor apartment of the police officer. According to neighbours, the family of the late inspector lives in Lagos, while Ifeoma lived with her family in Awka.

It was learnt that Ifeoma had told her husband that she was attending a church vigil, only to end up in her lover’s house, in the nearby community. “The woman spent the night with her police lover, but both did not wake up until a labourer, who was to work for the inspector came in the morning and discovered their bodies. “Upon discovering of the bodies, the labourer rushed out and alerted neighbours. The neighbours followed the labour-

Ag IG, Ibrahim

Juliana Francis

igeria Immigration Service (NIS) said it had concluded arrangement to repatriate 29 illegal immigrants to Niger Republic. The NIS Comptroller, Lagos State Command, Mrs. Clara Okojie, said those being repatriated

were discovered to be without any travel document required by Nigerian law and Economic Community of West African States (ECOWAS) protocol. To ensure that those repatriated go back to their country, Okojie delegated two Deputy Comptrollers of Immigration (DCIs), Ahmed Hamzat and Saleh

olice said yesterday they had arrested four suspected assassins in connection with the July 1 gruesome murder of a member of the Oyo State House of Assembly, Gideon Aremu. The lawmaker from the Labour Party (LP), representing Oorelope constituency, was until his death the chairman, House Committee on Information, Public Relations and Se-

Abdullahi, to supervise the repatriation. Okojie advised residents in Lagos not to harbour illegal immigrants in their homes, because it was against the law. She a team of immigration officers raided Lagos Island and its environs and arrested several persons, suspected to be illegal

The Nigeriens

Police arrest Oyo lawmaker’s killers Ibadan

“I was hearing the sound of the generator, but about 4a.m., I stopped hearing the sound and that may be when the fuel finished. I was surprised when we were told that two people died in the flat,” one of the neighbours said. He said the late police officer hardly stayed around. The neighbour added that the sound of the generator was what usually made people to know whenever he was around, as it would run throughout the night. Sources also said house belonged to the inspector’s younger brother. Security operatives, comprising local vigilantes, the police and men of the NSCDC, later arrived at the scene and dispersed everybody before evacuating the bodies in an ambulance to the mortuary. However, the state Police Public Relations Officer (PPRO), Mrs. Nkeiru Nwode, said though she was yet to be briefed on the incident, the man in question was not a member of the Nigeria Police Force. She also said that the woman’s identity was yet to be ascertained.

Immigration to repatriate 29 Nigeriens

City Briefs Sola Adeyemo

er to the apartment and confirmed the incident before a relative locked up the compound to prevent the large number of people trooping into the area from further going inside the apartment,” a witness said. Some of the neighbours, who gathered in circles to discuss the incident, said the generator belonging to the late inspector was on most of the night, thus lending credence to the suspicion that its fumes might be the cause of their death.

curity. He was set to attend his PhD graduation ceremony at the University of Ilorin (UNILORIN) when he was shot dead in front of his Alakia residence by the gunmen, in the presence of his wife. Three gunmen on a motorcycle were said to have trailed him to the house and shot him several times after a brief argument, according to family source. In an attempt to quicken the arrest of the killers, Governor Abiola Ajimobi placed a N5 mil-

lion bounty on the heads of the gunmen responsible for the lawmaker’s murder. The state Commissioner of Police, Leye Oyebade, said the arrest was made possible by a combined team of Intelligence Response Team of the Inspector General of Police, Ibrahim Idris, and detectives from the state Police Command. He said: “I wish to inform you that four suspects have been arrested in connection with the crime.

immigrants of Nigerien origin. The state NIS Public Relations Officer (PRO), Deputy Superintendent of Immigration (DSI) Jide Ogungbe, said a thorough investigation of the suspects was conducted and after profiling, 29 of them were found to be without any travel document required by Nigerian law and ECOWAS protocol. He said: “These 29 people are being repatriated to Niger Republic. The Lagos State Command will also like to use this opportunity to solicit the public cooperation in area of valued information on irregular or illegal migrants living in the neighbourhood and also to note that harbouring such ones is against the law.”

Ajara Rotary Club elects Akintayo as president

otary Club of Ajara has elected Dr. Akintoba Akintayo as its 14th president to pilot its affairs in the 2016/2017 Rotary year. The official investiture of Akintayo comes up on Saturday at the Hunwaji Events Centre, Hundeyin Street, Badagry. The investiture, fundraising and luncheon under the distinguished chairmanship of Professor Ebenezer

Omikorede, the Dean Faculty of Science, Lagos State University, is scheduled to commence from noon. Akintayo, a seasoned Public Health Medical practitioner, is a graduate of the College of Medicine, University of Lagos (Mb.Bs.). He holds professional postgraduate diplomas in Obstetrics and Tropical Medicine from the Royal College of Surgeons, Republic of Ireland.

NEWS | national

monday, august 8, 2016 NEW TELEGRAPH

Na'Abba: Obasanjo most corrupt president Ibraheem Musa and Kunle Olayeni

ormer House of Representatives' Speaker, Ghali Umar Na'Abba has described ex-President Olusegun Obasanjo as the most corrupt Nigerian leader ever. He said that was because the elder

statesman was virtually broke before assuming office but engaged in questionable and indefensible expenditure while in office. Naabba who was reacting to Obasanjo’s recent allegation that members of the National Assembly (NASS) were corrupt and lacked integrity, told news-

men that he challenged the former president while he was speaker of the House of Representatives. "As the Speaker, I took Obasanjo on several issues of expenditure offences which he committed and could not show remorse. So, I don't think he has the integrity to call anybody in the NASS corrupt. This

is the man who became President with nothing and today he is one of the richest Nigerians. Let him explain to Nigerians how he acquired the money.’’ According to the former House Speaker, ‘’I don't think there is anybody more corrupt in this country like the former President. I believe you

L-R: Retired Director, Leadway Assurance Co. Ltd, Prof. Konyinsola Ajayi; Executive Director, Mr. Tunde Hassan-Odukale; Retired Director, Dr. A.B.C Orjiako; Retired Executive Director, Ms. Adetola Adegbayi; Retired Chairman, Mallam Umar Yahaya; Acting Chairman, Mr. Jeremy Rowse and Managing Director, Mr. Oye Hassan-Odukale, during a send-off dinner in honour of the retired Directors of the company in Lagos…at the weekend.

We're studying commission's report on Zaria, says Army Emmanuel Onani and Ibraheem Musa Kaduna

he Nigerian Army has said that the report of the Judicial Commission of Inquiry into the December clash between soldiers and members of the Islamic Movement in Nigeria (IMN), was being carefully studied. This, the Army noted, was with a view to being properly guided on what decision to take in respect of the aspect of the report, which was said to have indicted it. Meanwhile, the Supreme Council for Sharia in Nigeria ( SCSN) has said that members of the Islamic Movement in Ni-

geria (IMN) that were indicted in the December 12 to 14, 2015, clash with the Nigerian Army in Zaria must face the full wrath of the law. Following the December massacre, the Federal and Kaduna State governments, had come under intense pressure by international bodies, as well as human rights' organisations, to launch an inquest into the tragic incident, which claimed over 340 lives. Consequently, the Kaduna State government inaugurated a Judicial Commission of Inquiry, whose report was said to have indicted the Army, in part. However, the Nigerian Army, in reaction to the outcome of the probe, told

New Telegraph that it was still studying the report, especially the aspect that was said to have found it wanting. Asked whether or not it intended to challenge the recommendation in any way, the Acting Director, Army Public Relations (DAPR), Col. Sani Usman, said: "The Nigerian Army is studying the Judicial Commission of Inquiry's report and recommendations." In the Report submitted to the Kaduna State Governor, Mallam Nasir el-Rufai, the Panel was quoted as saying, among others, that: "The clash between the Nigerian Army and the IMN from 12-14 December, 2015, reveals a glaring failure of intelligence. The SSS, the NPF as well as the Nige-

rian Army all have intelligence functions in their mandates. “The Nigerian Army failed to by all indications gather sufficient intelligence that could have been used to follow another route for example, thereby avoiding the clash. “This inadequacy and the reluctance of these agencies to provide vital information requested raise concern on how well they are doing their work." In a communiqué read to Journalists shortly after its meeting yesterday, Chairman of SCSN, Sheikh Yusuf Sambo Rigachikun, said the Shiites must be punished for their role in the clash because according to him, their attitude towards the Army was unIslamic.

Hidden tooth infections could raise heart disease risk Appolonia Adeyemi

n undetected infection at the root of a tooth could put one at the risk of heart disease. This is the outcome of a Finnish study published in the latest issue of the ‘Journal of Dental Research’. According to Researcher John Liljestrand, "Acute coronary syndrome is 2.7 times more common among patients with untreated teeth in need of root canal treatment than among patients without this issue." An abscessed tooth is a painful infection at the

root of a tooth or between the gum and a tooth. It is most commonly caused by severe tooth decay. Other causes of tooth abscess are trauma to the tooth, such as when it is broken or chipped, and gingivitis or gum disease. The study included 508 Finnish patients with a mean age of 62, who were experiencing heart symptoms at the time of the study. Gum disease, such as periodontitis, is regarded as an independent risk factor for coronary artery disease and diabetes. Infections of root tips have been studied relatively

little in this context, even though they appear to be connected with low-grade inflammation as well. Cardiovascular diseases cause more than 30 per cent of deaths globally. They can be prevented by a healthy diet, weight control, exercise and not smoking. With regards to the health of the heart, measures should be taken to prevent or treat oral infections, as they are very common and often asymptomatic. Root canal treatment of an infected tooth may reduce the risk of heart disease, but the researchers note that more

research is needed. The newsmaxHealth reported that the coronary arteries of the patients were examined using angiography, and 36 per cent of them were found to be suffering from stable coronary artery disease, 33 per cent were undergoing acute coronary syndrome, and 31 per cent did not suffer from coronary artery disease to a significant degree. Their teeth were examined using panoramic tomography of the teeth and jaws. As many as 58 per cent were found to be suffering from one or more inflammatory lesions.

are talking about the former President Olusegun Obasanjo.’’ But when contacted on the telephone phone yesterday, the media aide to the former president, Mr Kehinde Akinyemi, declined to comment on the matter. However, a close political associate of the former president, who preferred not to be named, dismissed Na'Abba's allegation in a chat with New Telegraph. He said: "Many political adversaries or opponents of Chief Obasanjo have made various allegations in the past. So, that Ghali Na'Abba came up with another one is not new. But what I know is that virtually all these allegations against the former president are mere speculations. "If anybody has concrete evidence of corruption against Obasanjo, why can't they bring such forward? If not, they should forever hold their peace and let Obasanjo be. "On his planned elongation, I’ m aware that some monies was given to the National Assembly members both the House of Representatives and the Senate. It was alleged that the Senators got N50 million each while N40 million was given to the House of Representatives members, some collected and some did not collect. But I am aware that money was distributed by Obasanjo" he added. Na’abba also explained the padding saga that is currently rocking the House of Representatives, alleging that some members of the executive arm of government may have connived with the alleged culprits.

ASUP’s strike: We’re handicapped, says YABATECH Kayode Olanrewaju

he management of Yaba College of Technology (YABATECH), Lagos has stated its position on the ongoing strike by the college’s chapter of the Academic Staff Union of Polytechnics (ASUP), the umbrella union of lecturers of polytechnics. According to the college’s spokesman, Mr. Charles Oni, after a careful assessment of government’s regulation that payment of some “peculiar allowances” be stopped, the unions were invited to a meeting on the way forward to confronting the challenge. The lecturers on Friday embarked on a protest, which was followed by a strike to demand payment of their allowances which they claimed had been stopped by the management. “It is germane to offer a clear explanation on the strike embarked upon by the Academic Staff Union of Nigerian Polytechnic (YABATECH) chapter,” he said. While stating the true position of things in the college concerning the strike, the college insisted that notwithstanding that the allowances had been stopped in many federal polytechnics, the college was able to pay till the end of June.

22.87

The number of fixed-telephone subscriptions per 100 inhabitants of Argentina in 2004. Source: Itu.int

Kashamu: Some people after me for political reasons Onyekachi Eze ABUjA

he senator representing Ogun East in the National Assembly, Senator Buruji Kashamu, has said the recent call for his extradition to the United States was the fear by some politicians that his presence in Nigeria would be a stumbling block to their political ambition. Kashamu, who said he now devoted himself to finding peace in the Peoples Democratic Party (PDP), also accused a member of House of Representatives, Hon. Ladi Adebutu, of campaign of calumny against him over his 2019 governorship ambition. In a statement yesterday, the PDP chieftain said he had not committed any offence to warrant his ex-

tradition. "The reason for the latest onslaught is because Adebutu has declared his interest to be the governor of Ogun State in 2019 and he strangely believes that I am an obstacle to his gaining total control of the party structure that must be crushed," he said. Kashamu, who denied that he was wanted in the United States of America, said he had not lived or visited the country all through his life. He however, admitted that he "was wrongly introduced into an indictment and was arrested and tried in the United Kingdom at the instance of the Government of the United States. After an extradition trial that lasted four years, the British judiciary – one of the best in the world – ruled in my favour twice and released me.

MONDAY, august 8, 2016 NEW TELEGRAPH

Interview Budget padding saga beyond APC leadership – Soba

Politics Felix Nwaneri reports on President Muhammadu Buhari’s pattern of appointments, which some sections of the country claim is promoting a Northern agenda

A federation of unequals

he victory of the All Progressives Congress (APC) in the 2015 presidential election and consequent inauguration of Muhammadu Buhari as president, were not only turning points in the country’s political process, but ones that raised the hope of millions Nigerians, who had yearned for change after 16 years of Peoples Democratic Party (PDP) reign at the federal level. That hope of a new dawn was further heightened when the President in his inaugural speech, reiterated his commitment to serve the people without external influence and to run an inclusive government with his now famous quote: “I belong to everybody and I belong to nobody.” Many, who commended the president’s promise of fairness to all sections of the country then, are however of the view that his skewed appointments in favour of the North against South is eroding the goodwill his party enjoyed on its way to power. Critics of the President are of the view that his appointments have sectional tendencies, which have always pitted the various sections of the country. Besides sectional tendencies, they also decried that the Change mantra, which the APC sold to Nigerians during the campaigns may not be holistic as Buhari appears to be pursuing a Northern agenda. These assumptions were predicated on the belief that the appointments were in clear breach of the Principle of Federal Character as contained in Section 14 (3) of the 1999 Constitution (as amended). The section states: “The composition of the Government of the Federation or any of its

FELIX NWANERI

GROUP PoLITICAL EDITOR nwanerif@newtelegraphonline.com

Buhari

agencies and the conduct of its affairs shall be carried out in such a manner as to reflect the federal character of Nigeria and the need to promote national unity, and also to command national loyalty, thereby ensuring that there shall be no predominance of persons from a few states or from a few ethnic or other sectional groups in the government or any of its agencies.” The essence of the provision was to give equal opportunity to all ethnic nationalities and prevent tribal or regional domination of any government or its agency in a country that is made up of diverse ethnic nationalities, numbering over 350. Nigeria’s 36 states are grouped into six geo-political zones, three each in the North and South for administrative purposes. They are North Central, North-East and North-West in the northern part of the country and SouthEast, South-South and SouthWest in the southern part. But a cursory look at the appointments President has made so far shows a clear imbalance between the zones. The appointments They are: Aide de Camp to President, Lt. Col AbubakarLawal (Kano, NorthWest); Special Adviser, Media

There shall be no predominance of persons from a few states... in the government or any of its agencies

POSITION

ZONE

Secretary to the Government of the Federation

North-East

Chief of Staff to the President

North-East

National Security Adviser

North-East

Chief of Defence Staff

South-West

Chief of Army Staff

North-East

Chief of Naval Staff

South-South

Chief of Air Staff

North-East

Inspector-General of Police

North Central

Chief of Defence Intelligence

North Central

Director General, DSS

North-West

Comptroller-General of Customs

North-West

Comptroller-General of Immigration

North-West

Comptroller-General of Prisons

North-West

Chairman of INEC

North-East

Managing Director, NPA

North-West

Special Adviser, Amnesty Office

South-South

Director General, NIMASA

South-South

MD /CEO, NDDC

South-South

Executive Vice Chairman/CEO of NCC

North-West

Executive Chairman, FIRS

South-West

Director-General Budget Office

South-East

Group Managing Director NNPC

North-East

SSA National Assembly Matters (Senate)

South-South

SSA National Assembly Matters (House of Reps)

North-West

Director, DPR

North-West

Managing Director AMCON

North-West

Accountant General of the Federation

North-West

Chairman, EFCC

North-East

ADC to the President

North-West

Special Adviser, Media and Publicity

South-West

Senior Special Assistant, Media and Publicity

North-West

State House Chief of Protocol

North-West

and Publicity to the President, Mr. Femi Adesina (Osun, SouthWest); Senior Special Assistant, Media and Publicity, Garba Shehu (Kano, North-West) and State Chief of Protocol/Special Assistant (Presidential Matters), Lawal Kazaure (Jigawa, NorthWest) Others are Accountant General of the Federation Ahmed Idris (Kano, North-West); National Security Adviser, Maj. General Babagana Monguno (rtd) (Borno, North-East); Chief of Defence Staff, Maj. General Abayomi Olonishakin (Ekiti, South-West); Chief of Army Staff, Maj. General Tukur Buratai,(Borno, North-East); Chief of Naval Staff, Rear Admiral Ibok-Ete Ibas (Cross River, South-South); Chief of

Air Staff, Air Vice Marshall SadiqueAbubakar (Bauchi, North-East); Inspector General of Police, Ibrahim Idris (Niger, North Central) Chief of Defence Intelligence, Air Vice Marshall Monday Riku Morgan (Benue, North Central) and Director General, State Security Services (SSS), Lawal Daura (Katsina, North-West) Comptroller-General of Customs, Col. Hameed Ibrahim Ali (rtd) (Kaduna, NorthWest); Comptroller-General of Immigration, Mohammed Babandede (Jigawa, NorthWest); Comptroller-General of Prisons, Ahmed Ja’afaru (kebbi, North-West), Chairman, Independent National Electoral CONTINUED ON PAGE 14

POLITICS \ MONDAY INTERVIEW

MONDAY, august 8, 2016 NEW TELEGRAPH

Budget padding saga beyond Hon. Muhammad Musa Soba is the spokesperson of the Transparency Group in the House of Representatives. In this interview, the member representing Soba Federal Constituency, explains why his group is demanding an investigation into allegations of budget padding and why the All Progressives Congress (APC) should not wade into matter. Ibraheem Musa reports

The Transparency Group within the House of Representatives has been calling for a thorough investigation into the budget padding saga. But its been alleged that your group is just a paper tiger, otherwise should have head to court or petition the anti-graft agencies instead of calling for probe. Why didn’t you go to court? First and foremost, we are not paper tigers and we did not kick start the controversy, someone else did. When you are making an allegation, there is need for the accused person to defend himself, regardless of whether it is by the investigating agencies or inhouse. The entire budget padding saga started when the Chairman of the Appropriation Committee, Hon Abdulmumin Jibrin, was removed because of certain perceived wrong doings. The budget was badly tampered with to the extent that President Muhammadu Buhari witheld his assent twice or thrice before finally assenting to the bill. After that budget controversy, members pushed for the removal of Abdulmumini Jibrin and he was eventually removed. He is now saying that “I am not saying that I did no wrong, but I am not alone”. He went ahead and mentioned the names of the Speaker, the Deputy Speaker, the Chief Whip and the Minority Leader. We now decided that since Hon. Jibrin has been punished for what he did to the budget, we should also find out the level of culpability of those principal officers that he mentioned. The spokesperson of the House, Hon. Abdulrazak Namdas came out to defend the leadership of the House against Hon Jibrin’s allegations. We felt that Hon Jibrin is not quarreling with the entire House. So, the spokesman of the House shouldn’t have spoke on our behalf. So, the Transparency Group decided to address the press, calling for investigation on all those who have been accused

Soba

of budget padding. And anyone that has been found culpable should be punished accordingly. This issue is beyond the powers of the House; we only have investigation rights but that stops only at the level of administrative investigation. We, as legislators, don’t have powers to go into criminal investigation, no matter how educated or learned we are. So, we are saying that the House leadership should submit itself to proper investigation and must answer all allegations raised by Hon Jibrin. And we stated that we are not holding brief for Jibrin and he does not even enjoy our sympathy. And we do not claim to be speaking for the entire House members. We are speaking for those concerned members, over 130 of them, who are against the padding of the 2016 budget of the Federal Republic of Nigeria. We started collecting signatures even before Jibrin was removed as Chairman of the Appropriation Committee. So, let not anybody think that the emergence of Transparency Group was as a result of the fall out of Hon Jibrin’s removal. In fact, our activities led to his removal. We may have the same goal with the campaign that Jibrin is presently mounting but we don’t have the same intention with him. We are all fighting for the leadership of the House to come out clean on these allegations. He may also be fighting the leadership for the same reason but with a different intention. As people are now insinuating, he may be fighting them because he was removed as Chairman of Appropriation Committee. Hon

I dont think the party at this stage can come in and tell us to sheathe our swords

Jibrin is an authority on this issue because he chaired the very Committee that led us to this controversy. So, for anybody to think that Jibrin has no right to make these allegations, that person needs to examine himself properly. There was a time when, in the whole of this country, nobody was in possession of budget details apart from him. If we call for an in-house investigation, there will be problems because the institution has made one person to be more powerful than his colleagues. So, for that reason we are calling for external investigation in order to determine the culpability of the principal officers, committee members or even floor members of the House who have been accused of wrong doings. But is it right for the Transparency Group to invite the anti-corruption agencies, which are in the executive branch of government to investigate activities in another arm of government? Yes, it is within the ambit of the law. We have the principle of separation of powers and the executive is vested with the power to investigate criminal allegations. Our own powers are legislative powers. When people say that the executive cannot investigate us, as far as issues of budget process are concerned, that is not entirely correct. The executive cannot investigate us over what the entire House resolved as far as the budget is concerned. But not when majority of the House members are saying that they are not aware of this and that item in the budget, regardless of the fact that they say

that we have passed the budget. It is true that the budget has been passed, it is true that the implementation of the budget has even commenced, but the truth of the matter is that, when we did not possess the details and we never sat down to approve them, that is where the crime comes in. Up to 80 per cent of members of the House will tell you that they are not aware of what is contained in the Appropriation Act. This is where the crime now comes in. If we are alleging that so and so projects have been inserted without the approval of the House, then we are free to invite external investigators. Like I said earlier, we don’t have the power of criminal investigation. So, when we level an allegation, we will now ask external investigators to come and investigate whether our allegation is true or not. So, whoever is saying that on the basis of the principles of separation of powers, we shouldn’t have called the executive, is wrong. Who has the constitutional powers to conduct investigations, make arrests and prosecute? It is the executive. The judiciary is there watching, until the executive finishes with the whole process before the executive arm takes the issue to court and say these people deserve prosecution. The whole idea of the principles of separation of powers is being misconstrued by some legislators especially. As a lawyer, there is nowhere in the constitution where we are allowed to create projects, appropriate funds for them and pass the budget. That is a clear abuse of the principles of separation of

POLITICS \ MONDAY INTERVIEW

MONDAY, august 8, 2016 NEW TELEGRAPH

APC leadership – Soba powers. By inviting the anti graft agencies to do what you refer to as a thorough investigation, people may infer that the president has interest in the matter. Why didn’t you go to court and make a direct complaint? Direct Criminal Complaint has its own limits. You cannot, under this wild allegation, approach the court through Direct Criminal Complaint. If you do that, the court will refer the matter to the relevant agencies for investigation. We don’t have powers of criminal investigation. If we go to court with these allegations, we must furnish them with results of our investigation and we do not have powers to do so. It is the duty of the executive arm, including the anti-corruption agencies and the police, to do so. We lack the powers to approach the court directly. Our duty is to raise the allegations and provide the evidence and allow the relevant authorities to conduct investigations. Afterwards, they will prosecute. Some people are saying that inserting a project in the course of examining the Appropriation Bill is not a crime. And that there is no crime in our statute books that is called ‘budget padding’. How correct is this argument? This is not a moral but a purely legal issue. I told you that a document is said to have passed through a legal process, when it has undergone that process the proper way. But if people now decide to forge documents, its an illegality. Forgery and padding is the same thing. When you now present something and claimed that this was what transpired on the floor of the House, when it was not, is that not forgery? It is forgery. If you call it forgery or padding, it is all the same. I can tell you that what they did is criminal in the sense that it did not have the approval of the House before it was purportedly passed . We were not even in possession of the details of the budget when the budget was passed and now you bring new details and say that I was a party to that passage. The Appropriation Bill was duly passed. So, whether some legislators had complaints about certain aspect of the document, majority had carried the day. But did you protest then on the floor of the House when the budget was being passed or you are protesting now that the issue of padding has come up? I told you that we don’t have problems with the budget per se. But we have problems with the details that followed. No government is under any obligation in this country, to execute its budget 100 per cent. That being the case, now that we have brought out these allegations, it is everyone’s guess which projects will be the first casualties when government says that it does not have money to execute this budget 100 per cent. So, we are saying that the government should look into the details of the budget and fish out the projects that did not enjoy the approval of the House because they

were illegally inserted into the budget and then refuse to implement them. A situation whereby a member will insert N10 billion in his constituency, leaving others with N50 or N30 million, you know that something is definitely wrong with that system. My quarrel is not about the disparity but how that decision was arrived at. We want the matter investigated so that there will be no more padding of budget. This will continue if the necessary sanctions are not applied. Padding, like I said, is a criminal insertion into the budget, of anything that is not approved by the House. This is the issue. But the entire budget was passed on the floor of the House, why are you now querying with some aspects of it? It was the budget as a document that we passed into law and not the details of the budget. The details were never made known to us. Remember, President Buhari refused to sign the budget and demanded that he had to see the details before he puts his assent. When they brought the budget, he withheld assent. So, what I am saying is that, if there is a process that a document needs to pass through, you have to go the whole hog. The House leadership was even boasting, when the budget was passed, that this was the first time that money was saved in the budgetary process. The normal legislative procedure is that when a legislator has any project to include, that process must again go through the executive. We have the powers to make adjustments to the budget, reduce here, add up there and so on. But when we have reason to create new projects, we have to go through the executive. You cannot construct road without proper survey. What they did was to sit down and say ‘’I want a road constructed from my village to my in-law’s village.’’ Projects that fall under the concurrent list were included; projects that were even within the powers of the local government to execute were included, expecting the Federal Government to execute it. This is never done anywhere. You can lobby the executive if you want a certain project to be included. The project will come to the House as a bill. We will all consider it and pass it into law. Most Nigerians don’t understand this issue of constituency project. Are legislators given the money to go and execute the projects themselves or they merely identify such projects in their constituencies and nominate contractors to execute them? This whole issue started in 2007 during President Umaru Yar’Adua precisely. I think it was some legislators that went to him and lobbied him in order to have an input into the budget making process so that they can take some projects to their constituencies. And the president graciously acceded to their request and approved it. They call it zonal intervention. It is a yearly allocation to the six geo-political zones, through the National Assembly.

We are now in the era of change and we want to assist our president to give corruption a good fight

Soba

It is a practice where every member will bring projects worth the funds that was allocated to him or her. The whole money used to be N60 billion and N10 billion each will be share amongst the geopolitical zones. Out of this money, senators will take 40 per cent of the funds while the members within the state will take 60 per cent and share amongst themselves. Whatever you get, you now nominate projects equivalent to what was approved to you, so that the project will be inserted into the budgetary process. You will now look at the Agency, Ministry or Department that is responsible for executing the project and insert it there. When it is passed, it will be passed as the budget of the Federal Republic of Nigeria. After the budget is signed into law, you now follow your project to the Ministry or Department to the site where you want them to be executed. But you are not going to execute the project yourself. You are not going to nominate the contractor. So, it is not about naira and kobo, it is just paper and biro work. No one will give you even one naira to go and construct a borehole in your constituency. Given the budget padding saga, do you think that constituency projects should still be retained? It all depends on whether it can be sanitised. There is no problem if a legislator is given limited powers to nominate project for his constituency. It is done world wide. But our problem is that we abuse the system. In the past, some legislators will not even take the projects to their constituencies. They will just trade off the projects and collect their money and pocket it. The practice is that a member should not even have direct access to those that will execute the projects in his constituency. We are not supposed to have any access to the contractor or even the issuing authority. Ours is just to pin-point where the project will be sited in our constituencies

and they will be executed. So, if the system will be sanitised in a manner that it will be just and transparent, in a manner that the Federal Government will supervise the execution of such projects, I have no quarrel with that. But where some people are allowed to allocate to themselves whatever project they want, some will take N10 billion, others will take N5 billion, leaving others with a few millions worth of constituency projects, this is unjust. This will continue to bring acrimony within the legislators. That will also encourage corruption within the system because a member with billions of naira worth of projects will certainly try to have an interest in the way and manner that such projects are executed, in terms of monetary gains. If we want to tame corruption, let the Federal Government take over the entire process and distribute the projects on the basis of fairness to all the legislators. In fact, we don’t want it to be called zonal intervention any more. We want it to be called constituency projects, so that the funds allocated will be shared equally amongst the 360 constituencies of the Federal Republic of Nigeria. So that no member will be cheated or short changed as far as these zonal intervention projects are concerned. Your party, the All Progressives Congress (APC) has intervened on the matter. If the party says you should cease fire, will the Transparency Group comply? The issue of not about any political party. This is about law and order. This is about fighting corruption. In fact, this is about the slogan of our party, which says that we should all rise and fight corruption. So, we are now in the era of change and we want to assist our president to give corruption a good fight in this country, in a manner that we will reduce it to the barest minimum. So, I dont think that the party at this stage can come in and tell us to sheathe our swords simply because most of us are APC members and most of those involved in the padding saga are in APC. We do not think that that is feasible and we do not think that the party will go to that extra length to do that. We will rather respect the rule of law. There is nothing wrong with our call for the matter to be investigated. If nothing is found to have gone wrong, the accused will be exonerated . And if they are guilty, let them be punished according to the law. But the party cannot just wade in and expect us to surrender to impunity and these corrupt tendencies. If we do not start it now, then there will never be a time when we will fight corruption. This is our first budget and if we start the wrong way, I am sorry to say that the whole tenure may end up as a budget padding tenure. Because if this padding succeeds, the budgets that will come in the next three years may also succeed. Therefore it is time to put a stop to it and only investigation will reveal the real culprits and how they will be punished accordingly.

POLITICS

MONDAY, august 8, 2016 NEW TELEGRAPH

Echoes of marginalisation

C O N T I N U E D F R O M PA G E 1 1

Commission (INEC), Prof. Mahmood Yakubu (Bauchi, North-East); Managing Director, Nigerian Ports Authority (NPA), Ms. Hadiza Bala Usman (Kaduna, North-West); Special Adviser, Niger Delta Amnesty Office, Brig. General Paul Boroh (rtd) (Bayelsa, South-South); Director General, Nigerian Maritime Administration, Safety and Security Agency (NIMASA), Dakuku Peterside (Rivers, SouthSouth); Managing Director/ Chief Executive Officer, Niger Delta Development Commission (NDDC), Obong Nsima Ekere (Akwa Ibom, South-South) and Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC), Prof. Umaru Dambatta (Kano, North-West). Executive Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler [Lagos, SouthWest); Director General, Budget Office of the Federation, Ben Akabueze (Anambra, SouthEast); Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru (Bauchi, NorthEast); Secretary to Government of the Federation, Babachir David Lawal (Adamawa State, North-East); Chief of Staff to the President, Abba Kyari, (Borno, North-East); Senior Special Assistant on National Assembly Matters (Senate), Senator Ita Enang (Akwa Ibom, SouthSouth); Senior Special Assistant on National Assembly Matters (House of Representatives),Hon. Suleiman Kawu (Kano, NorthWest); Director, Department of Petroleum Resources (DPR), Modecai Ladan (Kano, NorthWest) and Managing Director, Asset Management Company of Nigeria (AMCON); Ahmed Kuru (Kano, North-West) and Chairman Economic and Financial Crimes Commission(EFCC), Ibrahim Magu (Borno, North-East). In addition to the appointments is the emergence of legislators of northern extraction as leaders of the two chambers of the National Assembly. Senator Bukola Saraki (Kwara, North Central) is the Senate President, while Hon. Yakubu Dogara (Bauchi, NorthEast) is the Speaker, House of Representatives. In the same vein, the North also heads the judicial arm of government. Justices Mahmoud Mohammed and Zainab Bulkachuwa, Chief of Justice of Nigeria (CJN) and President, Court of Appeal, respectively, are northerners. However, their appointments were not the making of the Buhari administration. They were appointed by the immediate past Goodluck Jonathan government. Appointments as reward for support Ordinarily, where the appointees come from would not have been an issue, but because the various ethnic nationalities that make up Nigeria view each other with suspicion, Buhari

Babachir

is under fire for skewing his appointments in favour of the North. The President hails from Katsina State in the North-West. Critics of the President are of the view that his mode of appointments not only negates the Federal Character Principle but runs contrary to his oath office to serve as president to all Nigerians. However, members of another political school of thought said they were not surprised with the mode of appointments given a statement credited to the President during his visit to the United States on July 22, 2015. He was quoted to have said: “Going by election results, constituencies that gave me 95 per cent cannot in all honesty be treated, on some issues, with constituencies that gave me five per cent. I think these are political realities. While, certainly there will be justice for everybody but the people who voted, and made their votes count, they must feel the government has appreciated the effort they put in putting the government in place.” Alleged ethnic agenda Though many had expressed reservation over the skewed appointments in the early days of the Buhari administration, the suspicion has continued to heighten as the President makes more appointments even to agencies of government that are considered “less attractive.” It was argued then by most political leaders of southern extraction that the neglect of the South-East, South-South and even the South-West, which played a key role in Buhari’s victory in the presidential election, in key appointments, portrays sectional tendencies as well as negates the Change mantra, which the APC sold to Nigerians during the campaigns. A former President-General of apex Igbo group, Ohanaeze Ndigbo, Dr. Dozie Ikedife, told New Telegraph that the government has failed to be fair in the distribution

Ali

Any agitation from a section of the country to get ‘juicy’ positions is only an agitation for their kinsmen to be appointed to steal

Olonishakin

Peterside

for appointments. “The appointments are contrary to my suggestion that President Buhari should be even-handed in spreading appointments. So far, the appointments by the President do not look like inclusive appointments. It looks like there is certain circle of exclusions,” he said. The spokesman for Pan Yo r u b a socio-cultural group, Afenifere, Mr. Yinka Odumakin, also holds similar view. “At this time, what is clear is that the appointments being made by the president are tilted towards a particular region of the country. Our sincere appeal to the president is a reconsideration of this approach to governance,” he said. National Publicity Secretary of the Yoruba Unity Forum (YUF), Dr. Kunle Olajide, on his part, admonished Buhari on the need to run an inclusive government.

going to make. At the end of it all, I believe we are going to have a balance. “Let’s not forget that some of those were by elections, some were statutorily the next person in rank. There is nothing the President can do about that. If it is by election, what will he do about it? Because he doesn’t control the election; the National Assembly leadership came by election. For the ones he can control, there are still so many ahead.” Buhari, on his part, pleaded for calm, assuring that he will not marginalise any section of the country in subsequent appointments. In a statement issued by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President said the appointments made so far were a “tip of an iceberg.” as more were coming. The statement read in part: “Our brothers and sisters and fellow countrymen should bear with the new administration as it takes its measured steps towards an effective take off. These appointments are just beginning. The ones down so far, apart from the security services, are mostly of people acting as unofficial advisers or staff of the President. They are mostly men and women who have been doing things for the President and the positions are being formalised. “Statistically, the appointments don’t amount to five percent of what is to come. There will come ministers, heads of government departments, federal boards and ambassadors. At the end of the exercise, no part of the country will be left feeling left out.”

Presidency’s initial defence The President’s camp, in defence of the first appointments, said it was too early to draw a conclusion as there are other key positions to be filled. Presidency spokesman, Adesina, who spoke on the issue, called on those criticising his principal for appointing mostly northerners into his government to first look at how qualified those appointed are. He added that it is the President’s prerogative to appoint whoever he pleases into his government. “You cannot run away from the fact that each persons appointed merit the positions. They are qualified. But then in terms of the spread, the thing I will also like to say is that the President has the prerogative to make appointments and he knows that there is Federal Character in our constitution. “I am sure he bears that in mind as he makes the appointments that will come in the future. These are still early days in the appointments he is

The trend continues Despite Buhari’s pledge that no zone would be left out, his pattern of appointments is still in favour of the North. Only recently, the President reconstituted the NNPC Board, removing the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu from the South-South, who hitherto doubled as the corporation’s Group Managing

POLITICS

MONDAY, august 8, 2016 NEW TELEGRAPH

over Buhari’s appointments

Buratai

Ibas

Director and replacing him with a northerner. While Kachikwu is now the chairman, other members of the board are Baru, Group Managing Director, Mallam Abba Kyari, Dr. Thomas M.A John, Dr. Pius O. Akinyelure, Dr. Tajuddeen Umar, Mallam Mohammed Lawal, and Mallam Yusuf Lawal. Other appointments are that of agencies in the ministries of Health, Information and Culture, and Education. The health agencies are Centre for Disease Control (CDC), Dr Chikwe Andreas Ihekweazu; National Agency for the Control of Aids (NACA), Dr. Sani Aliyu the Nigerian Institute for Medical Research (NIMR), Prof. Babatunde Salami; National Primary Health Care Development Agency (NPHCDA), Prof. Echezona Ezeanolue and the National Health Insurance Scheme (NHIS), Prof. Usman Yusuf For the Information and Culture ministry agencies are Mr. Ishaq Modibo Kawu, Director-General, Nigerian Broadcasting Commission (NBC); Mr. Mansur Liman, Director-General, Federal Radio Corporation of Nigeria (FRCN); Mr. Yakubu Mohammed; Director-General, Nigerian Television Authority (NTA); Dr. Garba Abari, Director-General, National Orientation Agency (NOA); Mr. Bayo Onanuga, Managing Director, News Agency of Nigeria (NAN) and Mr. Osita Okechukwu, DirectorGeneral, Voice of Nigeria (VON). Those for agencies under the Education ministry are Prof. Abubakar Adamu Rasheed, National Universities Commission (NUC); Prof. Mrs. Lilian Salami, Nigerian Institute For Educational Planning and Administration (NIEPA); Dr. Hameed Bobboyi, Universal Basic Education Board (UBEC); Prof. Lanre O. Aina, National Library of Nigeria (NLN); Prof. Charles Uwakwe, National Examinations Council (NECO); ), Prof. Abba Haladu, National Commission for Mass Literacy, Adult And Non-Formal

Akabueze

Education (NCMLA&NE); Prof. Bashir H. Usman, Nomadic Education Commission (NEC) and Prof. Ifeoma Isiugo-Abanihe, National Business and Technical Examination Board (NABTEB). Others are Prof. Sunday Josiah Ajiboye Teachers Registration Council of Nigeria (TRCN); Afolabi N. Aderinto, Computer Registration Council of Nigeria (CPN); Prof. Bappah Aliyu, National Commission for Colleges of Education (NCCE); Dr. Abdullahi Bichi Baffa, Tertiary Education Tax Fund (TETFund); Prof. Garba Dahuwa Azare, National Teachers Institute (NTI); Prof. Michael Afolabi, Librarian Registration Council of Nigeria (LRCN); Prof. Steven Ejugwu Onah, National Mathematical Centre (NMC); Prof. Ishaq Olarenwaju Oloyode, Joint Admissions and Matriculation Board (JAMB) and Prof. Chinyere Ohiri-Aniche National Institute of Nigerian Languages (NINLAN). Still discontent There is still discontent despite the seeming balance in the latest appointments, especially in the South-East, which has been left out in the ranking order. Most indigenes of the zone believe that no level of appointment would be enough compensation for them as they have been tactically shut out of the President’s kitchen cabinet, which takes decisions on most critical issues before they are tabled before the Federal Executive Council (FEC) for mere ratification. Many had thought that the position of Secretary to the Government of the Federation would go to the South-East as the North-West produced the President; SouthWest, Vice President; North Central, Senate President and North- East, Speaker, House of Representatives but their calculation failed when the President opted for Babachir, who is from the North-East. First Republic Aviation Minister and elder statesman, Chief Mbazulike Amaechi,

Idris

So far, the appointments by the President do not look like inclusive appointments

who spoke the mind of most south easterners, said Buhari’s government has relegated Ndigbo to slaves in their own country. He added that the President’s action is not a punishment for Ndigbo for rejecting him at the poll, but an escalation and extension of the civil war hatred of the race. His words: “If it is about Ndigbo not voting for him, what of the Igbo, who are with him in the APC? Let me mention a case of Dr. Ogbonnaya Onu, who was the national chairman of All Nigeria Peoples Party, where Buhari contested presidential election twice. Onu's party was one of the parties that came together to form the APC. Bola Tinubu was the head of the other party – Action Congress of Nigeria, while Buhari, was the head of Congress for Progressive Change. Why was the party headed by Onu the slave of the other parties? It is anti-Igbo conspiracy.” Apex Igbo body, Ohanaeze Ndigbo, through its Secretary General, Dr. Joe Nwaorgu, said the development questions whether Ndigbo are still regarded as part of Nigeria. “Ohanaeze strongly believes that a president of Nigeria is the president for all Nigerians and that equity and fair-play for all Nigerians will be respected,” he said. The South-East is not alone in the marginalisation claim. Christians in the North joined the fray recently. Chairman of Christian Association of Nigeria (CAN) in charge of the 19 Northern States and the FCT, Rev. Yakubu Pam, who spoke on the issue, urged President Buhari to be fair in the sharing of political appointments as northern Christians have been seriously marginalised. Good governance not balancing While most people in the South are alleging marginalization over the appointments, a political school reasoned that what should be paramount to Nigerians is good governance and not ethnic balancing in

appointments. A human rights lawyer, Festus Keyamo, who reasoned along this line, said: “The so-called ‘uproar’ over the perceived ‘lopsided’ appointments made so far by President Buhari is nothing but an orchestrated frustration of a few jobless politicians who depend only on government appointments as their means of livelihood and, of course, the noise of the latest opposition party in town.” He added that the decade-long general division of government positions into “juicy” and “nonjuicy” is worrisome, insisting that the mentality that the “juicy” positions must be shared equally among the major ethnic groups was a contraption of the old order. “To my mind, all government appointments pose an equal challenge to those appointed as a call to higher service of fatherland. All public positions come with an equal responsibility to be honest, forthright and dedicated. To go further to classify them as ‘juicy’ or ‘non-juicy’ is just a euphemism for positions that have enough money from which to steal and those that are ‘dry.’ Therefore, any agitation from a section of the country to get ‘juicy’ positions is only an agitation for their kinsmen to be appointed to steal enough from which they would benefit,” he said. Buhari also got the backing of some appointees from the SouthSouth zone, which was in charge at the centre between 2010 and 2015. The South-South appointees – Head of Federal Civil Service, Winifred Oyo-Ita; Minister of Niger Delta Affairs, Dr. Stephen Oru and Senior Special Assistant on National Assembly Matters, Senator Enang, in their unanimous defence of the President, said he has not erred. Enang said: “Buhari has given us the Chief of Naval Staff, a very high ranking officer in the federal security council. He has given us the minister of Budget and then, my humble self, as the Senior Special Assistant on National Assembly Legislative Matters. He has also given us the minister of Niger Delta Affairs. “In the entire South-South region, he gave us minister of Transportation in charge of about three merged ministries. He also gave us the minister of petroleum. When I see people trying to incite others against the President over matters of appointment, I conclude that they are being unfair.” Despite the reasons advanced for justification for the pattern of appointments by the President’s handlers and his supporters, there is no doubt that the discontent will continue to grow even as the fact remains that the fundamentals of justice, which agitators of even distribution of positions hinged their arguments on are: No one should suffer wrong, and that the public good be served at all time.

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

Opinion The plea to Abigail Dominik Umosen

t is difficult to measure the arc of disconnect between the expectations of ordinary Nigerians and the capacity of the administration to meet such expectations. But there is neither difficulty nor confusion in the fact that a little more than a year after its inauguration, the story on the lips of most is anything but flattering. Of course, considerable public excitement has been generated by the dividends of the war against corruption. As a matter of fact, no tonic for mass hysteria could have been more potent than harassing politicians who hitherto appeared larger-than-life and untouchable. But unfortunately for the broom-wielding All Progressives Party (APC)-controlled administration, the continous crash in the price of crude oil upon which the country depends has inflamed the economy and grounded it in policy chaos. The consequence of this combustible mix has been amplification of disillusion, further magnifying the disconnect between the administration and the people. A glaring example of chaos in the policy environment is indiscriminate recourse to tax as revenue source for state governments most of which are irresponsible enough not to pay workers salaries for months running. In Benue, for instance, the situation has gone hilarious as officials of the Inland Revenue Board raid and harass indigent women selling tomatoes inmarkets as if they were inmates fleeing from the notoriously-porous Koton Karfe Prison in Kogi. More worrisome is the fact that while the Federal Government refuses to arrest atrocities by herdsmen who invade farmlands with their livestock, destroy farm produce and kill farmers at will, the Benue State government simulta-

neously expects victims to defy the menace and raise money to pay tax. It is not a secret that a primary reason for the yawning disconnect is the desperation by a powerful few to demonize growing agitation to reform the polity which is inevitable. They rake substantial political profit from this unreasonable resistance to an inevitability but those who wish President Muhammadu Buhari well say it is regrettable that a powerful minority have manipulated the administration into resisting change that is not only beneficial to the country’s strategic interest but also transparently unpopular among Nigerians. Like Prophet Nathan in the Holy Bible, yours truly has become boring with messages of hope that the president would heed the advice to be wary of politicians in the administration who are interested only in their selfish agenda, than in the interest of the country. Evidence of the fact that the interest of a politician is permanently in conflict with that of ordinary Nigerians is the successful manipulation of the administration to resist the genuine wish of citizens. Contrary to their manipulation, it is the few powerful politicians, rather than agitators for political reformation, that are the real enemies of the country. As a matter of fact, the most enduring reason why Nigeria remains permanently a ‘work in progress’ is this unreasonable reluctance to engage with common sense. For example, cyclical tension that continues to dissipate national energy would have been eliminated several decades ago. A very big lie fabricated by the powerful minority is the bogey that reformation of the polity (re-structuring, to some), is another name for disintegration which it is not. To most Nigerians who have tasted the advantages of size, the disintegration of

Primary reason for the yawning disconnect is the desperation by a powerful few

the country under any guise is the furthest thing from their minds. Those that are engineering disintegration of the country are those frustrating reformation by manipulating the administration to disrespect and annul the original vision of the country’s founding fathers which is what resistance to reformation of the polity translates into. The policy chaos and deliberate mischief of refusing to arrest criminalities by herdsmen who destroy farmlands and kill farmers with impunity in a country that pontificates about economic diversification had no place in the original vision of the country’s founding fathers. Refusing to upgrade ancient agricultural practices to modern trends and expecting others to accept the consequences of this anachronism also amounts to standing the original vision of the country’s founding fathers on its head. Even if we consider it humiliating to admit having been manipulated to adopt a position that is unpopular with Nigerians like resisting reformation of the polity which is only an inevitability, there is nothing humiliating in acknowledging error and sincerely working to ameliorate the damage. The country’s long-term interest and the advantages derivable from polity reformation should tower above individual egos. Like she intervened by advising the ruling APC not to renege on its campaign promises, the ‘Abigail of Aso Rock’ and First Lady, Mrs Aisha Buhari should wade into the stand-off and beg Baba that contrary to manipulations by enemies of the country, reformation of the polity is not synonymous with disintegration. We appeal to ‘Abigail’ to convince baba that only an enemy would encourage further magnification of the disconnect which widened with the outrageous price of kerosene, a staple for economicallytraumatised Nigerians. •Umosen (dominik.umosen@gmail.com) wrote in from Lagos.

The plight of accident victims (1) Adewale Kupoluyi

hat accident victims experience in the country continues to be a source of concern to many people. I have decided to share some piece of information at my disposal on the need for the relevant stakeholders to do something fast about what can be described as a social problem. Ordinarily, accidents do occur almost on a daily basis. They happen due to many factors such as human error, mechanical fault, road conditions and unforeseen reasons that are difficult to situate. When an accident takes place, the victims are oftentimes, unconscious and rely largely on the intervention of lucky co-passengers and passers-by to offer an emergency or treatment. Every year, road mishaps continue to claim many lives and property due largely to recklessness and over speeding, due to drunkenness while other drivers overload their vehicles beyond the capacity required resulting into mishaps. Whenever an accident occurs, hardly do we see anybody willing to assist. This is so not because our people are really heartless. The problem and

why this has remained so is that those that are determined to assist are usually entangled in other problems that often discourage them from helping, especially when it comes to their experience in the hands of the police. Many hospitals lack the capacity to handle traumatic accident patients. Apart from sustained injuries, the commonest cause of death is loss of blood, as many hospitals do not have blood banks to deal with such patients. Again, the fear of having patients die in clinics constitute a big problem for many hospitals because of the cost and the cumbersome nature of managing dead bodies. Most hospitals tend to reject accident victims purely on the basis of payment of cost incurred. Many general hospitals run on cash payment basis while private ones would ever hardly treat patients, freely. Therefore, it is not just enough to mandate hospitals to treat accident and gunshot victims without making adequate provisions for the settlement of the bills incurred, thereafter. A few examples of victims that have suffered from such neglect suffice. For instance, the case of Funmi Odusina, a postgraduate student of the University of Lagos, who suffered

the same fate when she was initially rescued from drowning but was eventually rejected by some private hospitals before she died, is a reminder. We recall the sad experience involving Bayo Ohu, journalist with The Guardian newspaper, who was attacked by assassins in his Lagos home in 2009. Although, he did not die instantly, he was rejected at the private hospital he was initially taken to. Apart from the issues of police report and rejection of victims, what is becoming an unpleasant trend is that, rather than giving the victims first aid treatment or conveying them to where such facility could be provided, many onlookers are found to be taking photographs of the victims under a precarious situation. The story was told of one Ruth Ejiofor, who recounted her experience when she said her husband lost control of his vehicle during an accident and what she could remember was that sympathisers surrounded their car after somersaulting thrice by recalling: “We were trapped in the car after it somersaulted three times. My husband, who was driving and was in front with me, was mangled in between the dashboard and the roof while I could hear my children

screaming for help at the back. I regained consciousness after a few minutes but noticed that I could not move any part of my body. Soon I heard voices around our vehicle and within me, I was happy that help had come at last. But even from my dying state, all I saw was just people taking our photos on their phones and murmuring. None of them made any attempt to rescue us …” Another victim, Mr. Sodipe Bakare recalled how a group of young people watched his Toyota Camry car burn to ashes in November 2015 in the Palmgrove area of Lagos, saying “As I screamed for water, the only thing the people around me did was to simply bring out their mobile phones to take pictures of the burning vehicle; my only source of income. I ran into a street to look for water but only found less than half bag of ‘pure water.’ It couldn’t do anything to save my taxi. What hurt me the most was seeing all the people, who could have helped just stand there taking photographs with their phones. I don’t know if I can ever forgive them,” he had lamented. •Kupoluyi writes from Federal University of Agriculture, Abeokuta (FUNAAB), adewalekupoluyi@yahoo. co.uk,@AdewaleKupoluyi

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As Oloyede heads JAMB ll is presently not well with admission process into the nation’s higher institutions of

learning. The whole scenario, if not addressed through genuine efforts, will not only throw the system into palpable confusion, but also unleash further crisis on the higher education sub-sector. The fresh concern being raised by the controversies trailing the new admission process as thrown up by the Joint Admissions and Matriculation Board (JAMB), the examination body saddled with the responsibility of conducting the Unified Tertiary Matriculation Examination (UTME), the qualifying examination into these institutions, is a blight on the system, if the current attendant brouhaha that is already playing itself out is anything to go by. Perhaps, the question to be asked is why should admission into schools, even secondary schools, be a matter of life and death and national calamity? The late Prof. Babs Fafunwa, the doyen of education and former Education Minister once lamented how he was turned to a mere admission officer into Unity Schools as a minister. It is apparently disgusting if this retrog ressive structure, which has refused to align with the international standard and practices should be encouraged to blossom. Over the time, and most recently, the Joint Admissions and Matriculation Board has

been in public eye, following the barrage of criticisms trailing the conduct of the UTME examinations, which was marred with various degrees of irregularities and now how to get students into the institutions. The recent appointment of Prof. Ishaq Oloyede as JAMB Registrar is expected to address this issue. Meanwhile, bedlam that greeted this year’s qualifying examination, on one hand and the question about whether or not the postUTME should be retained between the universities and JAMB on the other, have remained the unresolved burning issues. But ironically, as the controversies raged, the Education Min-

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other bombshell last week with the introduction of another admission guideline to be adopted by the institutions for the 2016/2017 academic session. Tagged: “Point Option System’ of admission,” the guideline, JAMB explained is that its provisional admission no longer makes much sense this year; as the candidates’ points tally will decide their fate. The points are evenly spread out between the candidates’ Senior School Certificate Examination (SSCE) O’Level and UTME re-

There is lack of proper synergy between the Board and the institutions

ister, Mallam Adamu Adamu had precisely on June 2 at the opening of the 2016 combined policy meeting on admissions to universities, polytechnics and other higher institutions, announced the scrapping of the post-UTME. This Federal Government position on the issue, as presented by the Minister added another twist to the entire brouhaha and to an extent put oil in the fire. As this wind of uncertainty was still blowing across the institutions, JAMB threw an-

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sults to provide a level playing field for all. In the first case, any candidate who submits only one result, which contains his or her relevant subjects, has 10

points in such examination as NECO, WAEC and GCE, while candidate with two sittings only gets two points. The next point grades, under the guideline fall into the O’Level g rades, where each grade has its equivalent point; A (6 marks), B (4 marks), C (3 marks), while the third point is the UTME scores, where each score range has its equivalent point that is summarised as 180-200 (or 20–23 marks); 200– 250 (or 24–33 points); 251–300 (or 34–43); 300–400 (or 44–60 points).

Consequently, the new guideline has since put stakeholders, including the admission seekers, parents, lecturers, management of academic institutions and admission officials in a dilemma. Though, JA M B has claimed that the guideline was scooped on its website. But, the truth of the matter is that there is lack of proper synergy between the Board and the institutions in terms of harmonising the process and saving the system and country from this opprobrium. However, with about 142 universities (federal, state and private), the country deserves and should as a matter of sanity put in place a workable admission system, instead the current system where JAMB and the institutions are working at crosspurposes as if they are in competition in which one wants to outshine the other. In fact, the current admission mess the country has found itself will further becloud its developmental view and shut the doors to the provision of qualitative tertiary education needed to energise the economic and technological growth of the nation. In this instance, the Federal Government has to act fast by playing its leadership role in order to rescue the system from its imminent collapse, because the discordant tunes between the admission umpire and institutions is a negative signal that should be checked immediately.

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

monDAY, AUGUST 8, 2016 NEW TELEGRAPH

Law FOLUSO OGUNMODEDE writes on the Nigerian Bar Association’s weeklong biennial conference holding in Port Harcourt, the Rivers state capital next week where the association’s outgoing President, Mr. Augustine Oyarekhua Alegeh, a senior wig, will formally hand over the mantle of leadership to his successor, Mr. Abubakar Balarabe Mahmoud (SAN)

Interview Akintola: Corrupt leaders must face capital punishment

News Court remands apprentice for defrauding firm of $100,000

20 23

Lawyers: Why Mahmoud must sustain e-voting

ome 50,000 members of the wig and gown profession will arrive in Port Harcourt, the Rivers State capital next week for the 27th biennial conference of the Nigerian Bar Association (NBA) where a successor, Mr Abubakar Balarabe Mahmoud will be anointed for the chair being vacated by Mr. Augustine Oyarekhua Alegeh, a Senior Advocate of Nigeria (SAN). Other officials, apart from the president will also be sworn in to run the affairs of the association in the next two years. Alegeh was elected on July 2014 in Abuja, the Federal Capital Territory (FCT). NBA elected its first Chairman, Christopher Sapara Williams in 1900, about 116 years ago. Williams, who was called to the English Bar on November 17, 1879, was elected as the first chairman of the NBA. He led the association as chairman between 1900 and March 15, 1915 when he died. He was 60 years. Williams’ death paved the way for the emergence of Sir Kitoyi Ajasa. Ajasa was called to the English Bar 24 years after Williams. He was elected NBA chairman in 1915 until his death in 1937. Ajasa was followed by Eric Olawale Moore in 1937. He was NBA chairman between 1937 and 1944. Moore was succeeded by E.J. Alex in 1944. He held sway until 1950. In 1950, Sir Adeyemo Alakija took over as NBA chairman, 37 years after his call to English Bar. He was called in 1913. His tenure ended in 1952. Alhaji Jubril Martins, who was the last NBA chairman after the associa-

FOLUSO OGUNMODEDE JUDICIARY Editor

foluso.ogunmodede@ newtelegraphonline.com

Okey-Wali

tion adopted president as title took over in 1952 and died in 1959. His death however paved the way for the emergence of Chief Fredrick Rotimi Alade Williams (SAN). The late Chief Williams, aka ‘Timi the Law’ piloted the NBA’s affairs for nine years. He was succeeded by Mr. Peter Thomas in August 1968. Two years ago, Alegeh became the association’s 32nd president, amid pomp and pageantry. Ahead of this year’s conference, about 15 members including the president were elected to run the association for another two years in the associations first adult suffrage and electronic voting. They are: Mahmoud (President), Mr. Caleb Gal Dajan, (1st Vice President), Mr. Monday Ubani (2nd Vice President) and Mr. Benedict Oji (3rd Vice President). They were returned unopposed. Others include Mr. Isiaka Olagunju, Ugbuji Cecilia Ngede, Second Assistant Secretary; Ado Aisha Abdullahi, Treasurer; Adesina Adegbite, Welfare Secretary; Ngozi Udodi, Financial Secretary; Dorcas Ngwu, Assistant Financial Secretary; Chuwuemeka Mbamala, Assistant Publicity Secretary and Oyeyemi Rafiu Balogun, Legal Adviser. All will be sworn in next week at the Port Harcourt conference. Although lawyers doubted whether the ‘spirit of the August month’, the month of vacation in the judicial calendar year could be invoked at this year’s conference, some lawyers are aggrieved that the 2016 election held on July 30 was transparent enough. This, they said may rob the conference the usual glamour as the aggrieved lawyers are already calling for a rerun. Also, a suit initiated by the aggrieved

Alegeh

Mahmoud

lawyers to stop the July 30 election which was thrown out by the court had polarized the association. All among others may not only rob the 2016 conference of the glamour but also make it less attractive. The 116-year old association which had a smooth running for ninety-two years, went into limbo for six years shortly after the first woman president, Mrs Priscilla Kuye was elected in 1992. Last month, speculations were rife that the association may expereince what happened in 1992 following a suit instituted by a disqualified candidate, Mr. John Unachukwu, to challenge the NBA adopted universal suffrage and electronic voting. Unachukwu asked the court to stop the planned elections. Specifically, Unachukwu who hired five Senior Advocates; Chiefs Bolaji Ayorinde, Emeka Ngige, Chukwuma Ekomaru, Mr. Kunle Ogunba, and Mr. Sebastine Hon, challenged NBA’s powers to adopt the contentious universal adult suffrage and the e-voting for the election, asking the court to bar the outgoing President, Alegeh, Chairman of Electoral Committee (ECNBA), Mr. Kenneth Mozia, SAN as well as the two presidential candidates, Chief JoeKyari Gadzama, SAN and Mr. Abubakar Mahmoud, SAN from conducting the NBA National Officers’ Election by Internet Voting (I-voting) on July 30 and 31, or any other dates pending the hearing and determination of the substantive suit. Besides, Unachukwu asked the court to declare that the system of voting over the Internet or Internet Voting (I-voting) proposed by the 1st, 2nd and 3rd defendants for the 2016 NBA CONTINUED ON PAGE 22

PAST NBA PRESIDENTS (1900-2016) Christopher Sapara Williams (1900–1915) Sir Kitoyi Ajasa (1915–1937) Eric Olawale Moore (1937–1944) E.J. Alex Taylor (1944–1950) Sir Adeyemo Alakija (1950–1952) Jubril Martin (1952–1959) Frederick Rotimi Williams (1960–1968) Peter Thomas (1968–1969) Chief B.M. Boyo (1969–1970) Chief Richard Akinjide (1970–1973) Chief Adebayo Ogunsanya (1973–1974) Dr. Mudiaga Odge (1974–1975) Dr. Nwakanma Okoro (1976–1978) Chief B.O. Benson (1978–1980) Chief Adetunji Fadairo (1980–1982) A.N. Anyamene (1982–1984) Prince Bola Ajibola, (1984–1985) Ebele Nwokoye (1985–1987) Alao Aka-Bashorun (1987–1989) Charles Idehen (1989–1991) Chief Clement Akpamgbo (1991–1992) Priscilla Kuye (1991–1992) Chief T.J.O. Okpoko, SAN (1998–2000) O.C.J. Okocha, SAN (2000–2002) Chief Wole Olanipekun, SAN (2002–2004) Chief Bayo Ojo, SAN (2004–2005) Prince Lanke Odogiyo (2005–2006) Olisa Agbakoba (2006–2008) Chief Olurotimi Akeredolu, SAN (2008–2010) Joseph Bodurin Daudu, SAN (2010 - 2012 ) Okey Wali, SAN (2012 - 2014 ) Augustine Alegeh, SAN (2014 - 2016)

20 Law|Interview

monDAY, AUGUST 8, 2016 NEW TELEGRAPH

Akintola: Corrupt leaders must Chief Adeniyi Akintola, a Senior Advocate of Nigeria, plies his law trade in Ibadan with branches scattered across the nation. Akintola, in this interview with SOLA ADEYEMO, speaks on immunity clause, President Muhammadu Buhari’s graft war, trial of army officers on corruption allegations and sundry issues. Some are saying that President Muhammadu Buahri is waging a war that is one-sided by prosecuting some politicians while shielding some. What is your reaction to this? Certainly not true. That type of allegation had also been leveled against former president Olusegun Obasanjo when he set up the EFCC. It was alleged that he was using the body against some set of people, though which he actually did anyway. Some governors and members of the Assembly were intimidated by the EFCC. But to say something about Buhari, he actually has to start from somewhere and he must have to start with somebody. Nigerians should be happy because Buhari is setting a precedent for other presidents coming to follow. We all have to appreciate him for the courage he has to fight the corruption because unlike before this has been raped by bad politicians with all manner of corruption. In fact, in the last administration, corruption was working as if there were no laws in the country. So to me, I will not be bothered whether Buhari is one- sided or not. I would only be bothered whether truly some monies were stolen or not, whether some set of people had actually put their hands in the public coffer or not. If we look at the modus operandi with which those people are operating, this country will not be anywhere. But as regards the people that are involved, we should leave sentiment apart. All the allegations should not be something to bother about because it was leveled against former President Babangida when he bounced on the then Minister of Petroleum. So it is on and on like that. That same allegation was leveled against former President Gowon. Some people say there are some past governors that are supposed to have been called by the EFCC such as Fayemi, Ameachi, Fashola regarding some of their activities while in office, but President Buhari has not done anything about that. What do you see to that? If those people complaining have a genuine evidence, they should call their lawyers and go to court instead of saying the president is one-sided. There are lawyers who are interested in public interest advocacy. Let them go there and direct such cases to them, and I can assure you it will be followed up. Recently, the bank accounts of Governor Ayodele Fayose of Ekiti State were frozen by the EFCC. Some are saying it is because he is the only governor opposing our president that is why he is facing the current problem. Some people are of the opinion that Fayose should not be prosecuted because of the immunity he enjoys under Section 308 of the Nigerian Constitution, while some say that he deserves to be prosecuted. Looking at it as a professional in this field, what do you think of the whole scenario? I think the opinion on Governor Fayose has to do with the inability of the press to ask those who are commenting on the issue to declare their in-

terest. You see, there is this tendency by our colleagues and compatriots to go back and forth and be sympathetic to certain interest. But it is enough to know the inclination on whose interest they sympathize. The issue is not about Fayose. I am not looking at it from the angle of Fayose. His account should not have been frozen in the first place because doing so, you are already passing judgment on him. This is because as a governor, the immunity he enjoys is a full one whereby you cannot just freeze his account. If you want to deal with him, you will have to wait for him to complete his tenure. In fact that will make me to refer to the tenure of Chief Obasanjo about the antics of dealing with a sitting governor while still in office. With all the immunity they enjoyed, he still used the EFCC to tackle those governors and that is why we are appealing to President Buhari not to follow that trend. You see, we are operating constitutional government, so if you ask for my opinion on the issue of corruption, I have even advocated for the issue of suspending the rule of law so we can deal with those people once and for all. But in as much we are operating under the rule of law, there is nothing we can do. We have to stay within the rule of law. So, if we have to deal with them we can embrace the suspension of rule of law. I am of the opinion that anybody, irrespective of his office, found guilty should be prosecuted within one week and made to face the law. But if it is our collective wisdom in this country that we shall continue to do things with respect to the rule of law, then we should be ready to stay within the tenet of the rule of law. But based on what we have as it is today, Fayose cannot be prosecuted and no executive judgment can be effective on him. Even freezing his account is another infringement on his human right as an executive Akintola governor because by freezing his account, you are already passing executive judgment on an executive government which is bad and it is wrong constitutionally. You can’t do that to a sitting governor. You cannot even fix his property. It is like you are attacking his property. That is what you are doing through the back door. And the judgments of the Supreme Court in the case of Festus Keyamo against Bola Ahmed Tinubu and Abacha are clear as to the issue of immunity and extent to which investigation can go with regard to a serving governor and serving president. So, I don’t believe in the new way by which power is being given to the EFCC to investigate the Governors and carry out execution of judgment against them. So, to that extent you cannot freeze his account. Well, I don’t appreciate doing something out of mere patriotism. What I want to drive out is that from my opinion, our fellow compatriots are allowing their political inclination to becloud their judgment and opinion. At our level, we should be objective

about it. If we find ourselves in a place we cannot be objective, then the best way is to keep silent. I must have to explain to you my feelings about it. I have said it that let us suspend the rule of law and let them face the prosecution. Try those corrupt people within a year and let them face the wrath of the law. But then we must have to be very careful not to go beyond the tenet of the law, and we must be very objective in all things we have to say. Some are of the opinion that EFCC should not have gone to that extent and that they should have waited and obtain an order of a court before freezing Fayose’s account. What is the position of the law? As a matter of fact, the provision of EFCC by the previous government is primarily to prosecute and to checkmate the people. Certainly, it does not cover any governor or any president. You cannot do what they have done to Fayose to any of the governors. You see, it is Fayose today, it can be anybody tomorrow. There is a saying in Hausa that if you are digging a pit for your

enemy to fall into, make it shallow because you might end up falling into it. The problem with our colleagues is that when they speak sometimes, they might have forgotten what they had said before on similar issue. I have gone to the archive to dig out some of the statements of our colleagues. If you look at their statement concerning the issue before, it is different to what they are saying now, which makes them to be inconsistent, and I don’t want to be making news here. But at our level, when we are commenting on the issue of national interest, we should be objective, sacrosanct. Personal interest and political inclination, should not come in when giving opinion. Even if you cannot divorce your personal interest from it, then the best is to shut one’s mouth. Top army officers are also being prosecuted for alleged stealing from the so-called $2.1billion meant to procure arms. Do you believe that what President Buhari is doing towards this particular issue is in the right direction? I think I want to subscribe to the

Law|Interview 21

monDAY, AUGUST 8, 2016 NEW TELEGRAPH

face capital punishment idea I earlier passed over that these military officers should not even be taken to the regular court, they should be taken to the military Tribunal. The provision of the Armed Forces Act 2007 Cap 820 covers that for those of them who are serving and retired. They are collecting pension through tax payers money: your money and my own money. They should be court-marcialed. In fact taking them to a regular court is even dignifying them. I don’t think anybody in his right sense could contemplate truncating democracy. The world has moved beyond that. I don’t think they could try that. And I think one should have to appeal to our military guys to stay away completely from governance because if they had allowed the civilians to have learnt the rope in 1966, our country would not have been in this state of quagmire we find ourselves now. The order, the world over is that governance is no longer in the hands of dictators and we could not afford to go back to that kind of arrangement. Anybody contemplating on that could meet severe opposition not only from Nigeria but the outside world. They should allow the civilians to make their mistakes and correct themselves. Though, there are quite a number of things that are going on now that people are now criticizing Buhari for. It is part of democracy. Even those who actually brought him to power are now saying that no no, you can’t do things like that. You can’t take us back to 1984; you are becoming dictatorial; you are being one sided; you are appointing your relatives in some various appointments. People are criticising him. The military men should let him be open to criticism and let the criticism continue. Nigerians should enjoy their freedom unless you want to break up the country. Nobody should even be thinking about it or comtemplate it because to me, it is even treasonable. Anybody thinking of that should have his or her head examined.

Assuming that only one individual went away with about N29billion, would you think something is actually wrong with Nigeria or its leaders? Are we cursed as a nation? The truth of the matter is that under Jonathan, corruption was federal-characterized whereby everybody benefited from it. Jonathan was weak through and through. He was not in charge. I was the first to adjudge him clueless based on that before any other people started saying something of such. He was just not in charge and the type of tales that are coming out now make one want to shed tears. Some people, who could think of stealing money and keep it in their closet, reservoiur, tanks, in housemaid’s account; launder money through their children. They don’t have any shame, Some have four children and all the children were involved, and it has now become a family thing. In fact, under Jonathan, everybody benefited from the corruption: From Generals, Pastors to Imams, to the traditional rulers. It was that bad. Now, under Buhari, corruption is being centralised. Only those in the kitchen cabinet are now benefiting and Nigerians are asking: Why don’t you give us back corruption so we can have food on our table? But during the Jonathan era, things were just spreading along. Even the poor man on the

Akintola

street benefited from the corruption during his time. Not that Nigerians condone corruption but what we are saying is that some of these corrupt people should be tied to the stake and shot. And I am repeating myself here for the umpteenth time that we need to tie up some people and shoot them. We have 170 million people who are suffering and those that are stealing our money are not up to 5,000, so we can afford to waste them. We have been saying it several times because this had happened in Ghana. Only 13 were lined up and shot in Ghana and everybody behaved well. We should forget about ethnicity and party affiliation. I think that is the area people should be commenting on to bring Buhari back to the rule of law. So we need to assist him and bring him back to the part of responsibility and help him to do the right thing so that the whole thing will not be ridiculed. This is because the way he goes about it, he will eventually turn some people to become heroes because there are some projects he is embacking upon that are diversionary. You are suffering from leprosy and you’re treating boil. Don’t forget that all we are having so far is still security money. We are yet to get to NNPC; we are yet to go to Aviation. They spent a lot of money on airport and the airport just collapsed. This is raining season. Go to Muritala Airport and see what was constructed there under the former Minister. We are using basins to collect water when there is rainfall. We ought to go to agricultural sector; we ought to go into the Central Bank, and pension fund too. Don’t forget that under Jonathan about N450billion just grew wings and flew away. So, those are the areas our attention should be focused. More hands need to be employed by the anti graft agencies like the EFCC and others. You don’t need to cover the field. Of course this administration is currently facing only one sector but it has to start from somewhere.Ordinarily, people should be clapping for Mr president because he is doing a great job recently because he has a good intention for this country. And for him

to get to other sectors, he has to, in my own view, use the holistic approach in fighting this corruption issue. It must go beyond this media hype because Nigerians want food on their table. Why people are crying in this dispensation is our economy that is suffering. Even the earlier supporters who supported him to get to power are also singing different tunes now, which means something is wrong. So, we need to fine tune the approach. To my mind this idea of National Assembly leadership is like a General fighting on all fronts, and suddenly opening up his flank. The enemies within who stole us blind are even enough for us to fight now, but when you are now fighting political fight, you are looking for another trouble that can cause you a lot. This is because those political enemies will not rest themselves. Th President’s advisers should know that there are many ways to kill a fowl. They need to demonstrate their inability to think outside the box and be more creative about it. For example, Chief Obasanjo made use of five different Senate Presidents while using only eight years. How he succeeded in doing this was because he made use of his brain. Obasanjo is very intelligent and he has a native intelligence in abundance. Buhari should stop making more enemies for himself. Some people are saying that in spite of these revelations of corruption, former President Jonathan should not be invited by the EFCC or be prosecuted. What do you say to this? No, no, no! I don’t buy that argument. The buck stops on his table. But when you look at the way and manner he assumed office, it was the argument that the system was manipulated to favour him, and of course he felt that those people deserved a lot of gratitude and of cause he conceded to so many things, which as a leader he should not have given room for. Give it to Obasanjo, he is a leader’s leader. Obasanjo is a man that the fact that you stand by him to assist him does

not give you the temerity to stand on the way of his program. And where the people that surround Buhari are weak, they continue to make more enemy for him more than friends, and I think he needs more friends than enemy for him to succeed this current dispensation. Buhari has a pedigree; he has a name. Give it to him. In fact a Nigerian like him is very rare to come by. He is somebody that has been a Governor, a Minister of Petroleum, a G O C, as the Head of NNPC; he has been a Head of State and he has no house in Abuja, Lagos or even abroad. This is very rear. In fact, he should be given a gold award by the Transparency International. He is a different Nigerian, but the question is that: can you say this same thing of those that are close to him? It now appears to be like he is the only one fighting whereas the fight against corruption is a collective one. Buhari is the only star player in the team and if you remove him from the team, the team collapses. You cannot have only a striker in a team. If he is not being given good passes from his team mates, he will definitely not deliver anything, even if he is the best striker in the world. Even if he is like Rasheed Yekini of this world, he will not deliver. He will not be able to put anything inside the net. What I am saying in essence is that there is need to breed more of Buharis in this country. Look at all of the Nigerian past leaders, there is no one like Buhari. Why should it be so? Why can’t we make Buhari out of me or you? That is the question we should be asking ourselves. Where did we get it wrong? In essence, will you love that Jonathan should be brought to book on the issue of corruption? It is mind boggling. I don’t buy this idea of undue immunity for past public officers. As a matter of fact what is happening today is like picking a bus conductor and leaving the driver. Exactly everyone that is being quizzed took something directly or indirectly from the president and the president has not been called to corroborate or deny the statement. Why are we shying away from the fact? And that is why I say we should suspend the rule of law for a while so that we can deal with those people. What we have on our hand is a drastic problem that needs a drastic solution. But not many of your colleagues will love this kind of resolution because many of them are representing those being tried. What do you see to that? I know many of them cannot do anything to that because many of them are doing their job. It is because of the system we are operating in Nigeria. Even your own colleagues are writing about the so-called dissenting opinion. You are doing your job, but once we all agree in our wisdom to let the rule of law be suspended or the constitutional governance take a back step, then the whole world will know that this is what we have adopted and are now practising. And by then, we would have a drastic solution. Many Nigerians are dying of hunger and it is high time we did something about saving the trend. Our President should leave the political govrnance to the partisan politicians and face the proper governance.

22 Law|File

monDAY, AUGUST 8, 2016 NEW TELEGRAPH

Discordant tunes over NBA elections One week after it elected its leadership for the 2016/2018 year, members of the Nigerian Bar Association (NBA), at the weekend appraised the e-voting process adopted by the Augustine Alegeh-led NBA for the 2016 elections. TUNDE OYESINA reports

lthough the outgoing President of the lawyers’ umbrella body, the Nigerian Bar Association (NBA), Mr. Augustine Alegeh, SAN and his executives were euphoric at the success of the newly introduced adult universal suffrage and e-voting for the 2016 NBA elections, a mixed feeling at the weekend trailed the elections. Notwithstanding its shortcomings, lawyers, who shared their experience during the July 30, 31 elections, thumbedup the e-voting, describing it as the best of all legacies ever bequeathed to lawyers by past NBA presidents especially after the 1992 NBA logjam. While activist lawyer, Kayode Ajulo, Dupe Omole and Joyce Ebirim said it was nothing but a fluke, others disagree. Mr Ahmed Raji, Geraldene Anekwe, Chuks Ugwunne, Tosin Bamisile, Peter Magaji, Abdul-Maroof Abdul Rasak, Innocent Ohaikhire and Paul Nwasa, although said they experienced an initial difficulty, they said the e-voting was a welcome initiative that would give the association if modified, a turnaround for the best in terms of its electioneering mechanism. Raji, a Senior Advocate of Nigeria, said the exercise was very commendable and worthy of emulation. He said: “The e-voting used by NBA has shown that the Bar is a leading association showing good example to the entire country. The exercise was risk free and there was no need for people to travel from one place to another. It has shown the level of development in the NBA. I think the entire nation should learn from the Bar which conducted an electronic voting to elect its leaders. “The exercise being employed for the first time is highly commendable.” Anekwe said the e-voting system, even though it was new, was a welcome development. She said: “For the first time since I was called to the Bar about 10 years ago, I was able to vote as a lawyer without any stress and without travelling several kilometers. It is a good development.” Also, Ugwunne noted that the best thing that has happened to the Bar under the Augustine Alegeh’s regime was the introduction of the evoting system. He said: “It made the vot-

ing so easy for me. It also gave me the opportunity to have a say in electing the leader of my association. Though, the network was a bit bad, but after several attempts, it scaled through.” In his assessment, an Ibadan based lawyer, Bamisile said that the e-voting worked well in Ibadan. He said: “The portal opened without delay and I did my voting. It did not take me much time before I completed the process. I think INEC can learn from the Bar in the conduct of its subsequent elecGadzama Raji tions.” An Abuja based lawyer, Magaji said the e-voting sysresult of a hitch in the system. tem worked well. According to him, “the porShe described the e-vottal opened on time and without ing as a failure. Omole said: It is really painful wasting time, I was able to cast “It is a planned and calcumy vote. All other colleagues lated way to disenfranchise to me that I could who voted around my area in lawyers from participating not vote. The portal Garki did not have any probin the election. The portal lem at all. The system is a good did not open at all. I tried refused to open. I innovation. But we received it several times here with information from some of a few of my colleagues and tried it several times, I can tell you that we were our colleagues in Bwari that the network was not all that very disappointed. I don’t yet it did not go think that the country’s good and this prevented some through technology has improved of them from voting.” for the Bar to introduce Abdul Rasak, an Ilorin based lawyer, said the exercise such a thing.” was a bit cumbersome because of the network malfunctioning. He said: “After several attempts and time taken, it went C O N T I N U E D F R O M PA G E 1 9 Felix Fagboungbe, Ahmed Raji through. I don’t think we are and Mr. Norrison Quakers. elections was contrary to and matured enough to begin that Others are activist lawyer, in this association, else most ultra vires their powers under Mr Fred Agbaje, Kayode Ajulo, relevant provisions of the NBA lawyers will surely be disenVincent Obibiaku, a law teacher, franchised. Even here, a hand- Constitution 2015 as amended. Dr. Shuaib Tokede, Friday IghoHe sought among others, ful of lawyers were not lucky daro, Ugochukwu Onuora and enough to get through, hence the following orders; “an order Mr. Monday Ubani. upholding the principle of unithey could not vote.” All did not only laud the elecIn Benin, Ohaikhire said versal suffrage enshrined in tion but set agenda for the inthe NBA Constitution by susthe e-voting was not only a coming NBA president. welcome development, it had pending the use of voting over For instance, Akintola said Internet (I-voting) and ordering given room to lawyers to parthe e-voting and the universal ticipate and decide in who the adoption of electronic voting suffrage adopted for the NBA become their leader, the net- (with paper ballot backup) for all 2016 election remained the best. work though prevented some branches across the country in He said: “Well, I think what the 2016 NBA general elections. lawyers from voting. But his relief collapsed like has happened is a welcome “It is really painful to me development because I believe that I could not vote. The por- a pack of cards as the court diswhat belongs to us should be tal refused to open. I tried it missed it as lacking in merit. overseen by all. The former Undaunted, his team are alseveral times, yet it did not system of delegate election is go through. I think this issue ready asking for the cancellation characterized by corruption, of the election that produced of network should be properinefficiency and of course, the ly considered before the next Mahmoud as the 33rd NBA overbearing attitude of the local President. This may however election”, he stated. chairmen. Ohaikhire was echoed by make the 2016 Port Harcourt “The former system of bringconference less attractive. Nwasa, who said it was not reing delegates to a place, putting Notwithstanding, scores of ally easy to access the portal at lawyers have applauded the elec- them in hotels and what have the beginning. you, has made these delegates “But with time, I was able tion result, describing it as the to be susceptible to corruption. best, fair, free and transparent to open the portal and cast my These delegates are used to colvote. I think the system should in NBA history regardless of the lecting money from contestants teething problems that characbe upgraded”, he stated. for their welfare and accommoHowever, Omole who plies terised the adopted electronic dation. voting. her law trade in Lokoja, the Before the introduction of Prominent among them are Kogi state capital expressed e-voting, presidential aspirants four Senior Advocates of Nigedispleasure that she was spend a fortune on delegates. Do unable to cast her vote as a ria---Chiefs Adeniyi Akintola,

Ajulo said the e-voting was nothing but a fluke. He said: “I think there is too much politicking around it for a professional organization, it made one feels it is more to the offices. It portrayed lawyers in bad light and sent the wrong signal about the profession.” Another Abuja based lawyer, Ebirim, faulted the system, saying e-voting was nothing but a gross failure. “I tried for several hours but I could not access it. I am not happy at all”, she said.

‘Why Mahmoud must sustain e-voting’

you know it cost about N250million just to accommodate about 700 delegates. Local branches will also invite the aspirants for the launching of one magazine, newsletter, bar center and what have you, all in a bid to collect money from them. “You can imagine how much an aspirant would have spent going round about 110 branches nationwide. The delegate system also helped in creating monsters and godfathers at the various branches and states. That was what we went through in the past. All these have finally been put to rest. Also, those who have been practicing bar will go back to their jobs and start practicing law. Many of these people have no office. They always wait for election period to carry out their nefarious activities. They have proposals for contestants. I was a victim. They chart out plans and proposals running into billions of naira for contestants on how to become NBA president. I am glad that all these have stopped. “The e-voting was so smooth. All the 23 lawyers in my chambers gathered together in a place and we all voted there. Do you know that in 30 minutes, we’re all done with the voting. So, it is CONTINUED ON PAGE 24

monDAY, AUGUST 8, 2016 NEW TELEGRAPH

Court remands apprentice for defrauding firm of $100,000 Akeem Nafiu

n a p p r e n t i c e, Akeem Sulaiman Olaitan has been remanded in prison custody by Justice Abdulazeez Anka of the Federal High Court in Lagos for allegedly swindling a foreign firm, Topkings Partner (HK) Limited of $100,000. This was sequel to the arraignment of the accused person before the court by the Special Fraud Unit (SFU) of the Nigeria Police Force, Ikoyi, Lagos, over the alleged offence. In a charge marked, FHC/L/333C/16, filed before the court by CSP Effiong Asuquo, it was alleged that the accused person had on or about

Auta

January 2016, under false pretence and with intent to defraud, ob-

tained the sum of $100, 000 from the firm. The police alleged

that the accused obtained the said money under the guise that he works as JV operator with the Nigerian National Petroleum Corporation (NNPC) and that he is in a position to deliver crude oil worth the sum to the firm. Besides, the accused person was said to have caused the transfer of the money to his bank account number, 36887918; with account name; Alimity Obanisare and Gas Nigeria; domiciled with First City Monument Bank (FCMB). The offences were said to be contrary to Section 1(1)(a)(b) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006, and

Law|News 23 Court remands 20-year old, five others over 1.9kg of marijuana

Section 15(1)(a)(ii)(3) of the Money Laundering (Prohibition) Act, 2004, as amended. The accused person however pleaded not guilty to the charge upon his arraignment. Consequently, Defence lawyer, Mr. John Owoyemi, in an oral application, urged the court to admit his client to bail in the most liberal terms. T he request was however tur ned down by Justice Anka on the ground that there was no such application before the court. He subsequently ordered that the accused be remanded in prison custody and adjour ned the matter till September 22, for hearing.

NBA VP-elect wants Buhari to tackle hunger, poverty Akeem Nafiu and John Chikezie

ice President-elect of the NBA, Mr. Monday Onyekachi Ubani, has called on President Muhammadu Buhari to urgently address what he described as the growing rate of poverty and hunger in the country. The lawyer made the call at a press conference in Lagos on the launch of ‘The Monday Onyekachi Foundation’ designed to help the less-privileged in the society. He said: “Over 120 million Nigerians are currently living below the poverty line and the number is growing daily. At over 60 per cent and counting, the soul of our nation is under the siege of hunger and deprivation. People are hungry and they need help now. “While I must commend President Mohammadu Buhari for his dogged fight against corruption, it is equally important and urgent for all Nigerians to support, unreservedly, our President’s anti-corruption war. After all, corruption brought us to where we have found ourselves today. “But as individuals, at our different levels, as neighbours, friends and families, we need to be there and stand by each other to help the weak in our midst, in this trying

time of our history as a nation and as a people. It is when we come to the aid of the weak among us that we are strong together.” The NBA VP-elect also noted that the launch of the foundation was a privilege to serve humanity and save the souls of the poor and the less privileged Nigerians, who had been battered and broken by the harsh realities of life. According to him, “the event of August 6 is to appreciate all the opportunities God has given me to lift the downtrodden from the throes of poverty to another level. It is not about me, it is about them. Ubani went on: “It is about those Nigerians whose lives have been transformed by the little seed I sowed to save them from their predicament. The passion to sustain this humanitarian initiative is what has given birth to the Foundation. “There is a limit to how many Nigerians I can personally help with my limited resources. But mobilising friends, other individuals and institutions, public and private, local and foreign, there is no limit to what we can achieve. “In other words, we can create a system that would work for the majority. My joy and my ambition, therefore, are to see millions of Nigeri-

ans delivered from the indignity of poverty, want, lack and deprivation.” Ubani further acclaimed that the launch of the charity organisation, which was to honour his birthday, would serve as his gift to improving humanity. He said: “I believe that the issue of charity and the innate desire to improve the quality of lives of my fellow humans and Nigerians in particular are the motivations driving the establishment of this Foundation. “Albeit, the occasion doubles as my birthday celebration, it is actually an appreciation of a privilege to serve humanity and save the souls of the poor and the less privileged Nigerians who have been battered and broken by the harsh realities of life. “The Foundation, which would be revealed on August 6, is an overwhelmed passion to assist the poor and the needy inherent in our society, to which sustaining the flare gave rise to this initiative. “The Foundation will run programs in four different areas. These are youth literacy Initiative whose goal is geared towards ensuring every youth can read, write and solve the most fundamental and basic life questions. The youth creative and media forum’s basic aim is to raise a new generation

Ubani

of young people who can dare to dream and believe in the unseen possibilities that await them in life.” He also revealed other areas like ‘men of standard’ which is a skill acquisition program targeted specifically at men, who by reason of circumstance, had found themselves unable and ill-equipped to provide for themselves and their families simply because they had no particular necessary skills to become gain-

fully employed or selfemployed, as the case may be. Also ‘women of substance’ which would develop a number of training courses aimed at equipping women with the skills necessary for earning a good living and putting food on their respective tables. Lagos governor, Mr. Akinwunmi Ambode alongside other dignitaries would grace the occasion billed to take place at Sheraton Hotels, Ikeja, Lagos.

Akeem Nafiu

20-year old boy, Muyideen Olanrenwaju and five others have been remanded in prison custody by Justice Babs Kuewumi of a Federal High Court in Lagos. They were remanded in prison for having in their possesion cannabis sativa aka marijuana. This was sequel to their separate arraignment before the court by the National Drug Law Enforcement Agency (NDLEA) on a count charge each. They were said to have been arrested last month in various part of Lagos metropolis. The information contained in the charge sheet revealed that Olanrewaju was caught with 1.9 kilogrammes of marijuana on June 10 at Odo-Eran Market, along Cele express-way. Also arraigned are Olaiya Nurudeen (28), who was caught in possession of 1kg of marijuana at Masa Masa on June 6 and Ikechukwu Ojuogwu, who was caught at Katangua Market in the Abule Egba area of Lagos with 1.4kg of the illicit substance on June 8. Others are Wale Emmanuel (21), who was also caught at Katangua Market, Abule Egba with 200 grammes of marijuana on June 8, Abubakar Usman (21), who was found with 700g of marijuana on June 6 and Ahmed Idris (24), who was caught by NDLEA operatives on June 4 in possession of 900kg of Canabis at Apapa, Lagos. All the accused had no legal representation and they allpleadedguiltytotheoffence when the charge was read to them. Upon, their guilty plea, they begged the judge to temper justice with mercy. Addressing the court, NDLEA lawyer, Mr. J.I. Aernan, said the offence was contrary to Section 11 (c) of the National Drug Law Enforcement Agency Act Cap N30, Laws of the Federation of Nigeria, 2004. He urged the court to grant him an adjournment to allow him review the facts of the case and come up with evidence against the accused persons. He also sought the remand of the accused persons in prison custody. Consequently, Justice Kuewumi adjourned the matter to September 8 and 9 for review of the facts of the case and possible sentencing of the accused persons. The judge also ordered that the accused persons be remanded in prison till the next adjourned date.

24 Law|news

monDAY, AUGUST 8, 2016 NEW TELEGRAPH

Mahmoud era begins August 19 C O N T I N U E D F R O M PA G E 2 2

a welcome development. This system has corrected all the anomalies associated with the delegate system.” On his expectations for the incoming NBA President, Mahmoud, Akintola said “with regards to my expectations from the Mahmoud’s administration, I think it is too early to say but nonetheless, I must congratulate all members of the Bar, we are all winners in this situation. “What I expect members of the Bar to do now is to sustain this legacy of e-voting and universal adult suffrage. Efforts must also be made to fine tune it in order to address any complaints or challenge. We can fine tune the process to meet the modern demands of the best electoral practices. “The Institute of Chartered Accountants of Nigeria (ICAN) has started e-voting long before it’s embraced by the NBA. Lawyers that were working against it have sinister motives. Those who practice Bar will generally not welcome it because it has put a stop to their means of livelihood. “So, I congratulate Augustine Allegeh on this innovation, even though, we started the crusade before he became president. I believe the Bar has now been democratised. So, I expect the new NBA President, Abubakar Balarabe Mahmoud to build on this legacy.” Akintola was echoed by Fagbohungbe, who said Mahmoud was more than capable to sustain his predecessor’s legacy. He said although he may not have firsthand information on the e-voting, Mahmoud was competent to lead the Bar. He said: “Unfortunately, I don’t have much to say now. I don’t know where there could be fault because it is more of technical Internet process. So, until I see or hear more of complaints from other lawyers, that is when I can comment. On his expectations from the president-elect, he said, “I know both of them that contested for the presidency. They are my colleagues and friends. Both of them are competent to be NBA president. I believe the new president will also have his own areas of focus. He should focus on those areas that will help him to live a lasting legacy. We have been having presidents of the Bar. Each of them will come and go but the NBA will remain. So, I urge the new president to leave a lasting legacy.” Raji asked Mahmoud to ensure that discipline reigns supreme in his tenure. He said: “The Code of Ethics for lawyers should be strictly implemented so that lawyers will not be seen from a bad light in the society as they are being seen today. “The task before the new President is enormous as he will be expected to redeem the image of lawyers, which has been dented before now. “He should also work towards the enforcement of the rule of law. It should be made to know that every accused stands innocent until it is proved otherwise. Also, the fact that a client of particular lawyer is convicted does not mean that such lawyer is bad. “Our profession is about law and not feelings or what a person thinks it should be. These are the issues the new leadership of the Bar should enforce and give prominence to. When I say this, I mean awareness should be given on the way and manner our

Quakers

work is done.” Another Senior Advocate, Quakers was not different. Quakers asked Mahmoud to fulfill his campaign promises. He said: “Well, first and foremost, I think he should carry out his campaign promises. You can’t promise to execute tasks and responsibilities, then, after you have been elected or sworn into office jettison the promises. I believe there is a reason why he canvassed for votes and put himself forward to be elected the president of the Bar. So, what he should do after being voted in is to roll up his sleeves, hit the ground running and implement all his policies and plans.” Agbaje said the NBA election had lost its glamour as the best of the association had gone with the 90s’ real activists. He described today’s NBA as ‘manipulation, superimposition and threats’, tearing apart the once endeared NBA. He said: “The NBA is no longer what it used to be, particularly, starting from 1990. The good NBA of the past ended in the 90s. What we have now is manipulation, superimposition and threats which are not good for the development of the NBA. “The annual NBA conference is supposed to be a revolving, galvanizing and uniting occasion for all lawyers. But what we have now is not encouraging. Younger lawyers are not encouraged. I was barely eight years old at the Bar when the then leadership of the NBA spotted my intellectualism and nominated me as a speaker for the 1990 conference. That is a memory I still cherish up till now. “Will the current leadership of the Bar spot any wisdom in a lawyer that is less than eight years at the Bar? They are always giving everything to senior lawyers. How will the Bar be united under such circumstance? “In Lagos now, we have two factions of the NBA, how does that unite the Bar? The Lagos State branch is heavily polarised and the NBA is silent. You now begin to wonder what is happening. When we were Bar activists, NBA was always in the fore-front at getting both the Federal and state governments on their toes. Look at the crisis of alleged padding of the 2016 budget currently rocking the House of Representatives, if it were to be in the past, the NBA would have taken a stand on it. If it were to be in those days, a stand point would have also been taken by the NBA on the

Agbaje

issue of Judges that are being humiliated while on the Bench in violation of their rights. “We are not saying corrupt judges should not be sanctioned but the right procedure must be followed. On my expectations from Mr. Mahmoud’s administration, I know he is going to perform. The two presidential aspirants are credible candidates. So, I expect Mr. Mahmoud to ensure that during his tenure, the NBA take critical positions on major national issues that threaten the rule of law. NBA should no longer be docile. The association should not just be heard under him but must always be seen. There must also be fairness in the promotion of lawyers as Senior Advocate. “Lawyers should not be discriminated against because of their position. The new NBA president must also ensure that justice is done to those judges that were humiliated out of the Bench. He must also ensure that sanity reigns at the Ikeja branch of the NBA. What is not good is not good. What we need at the Bar is fairness and not injustice, if our position as lawyers is about fairness to everybody.” Ajulo said that the expectation of the Mahmud-led executive council was already codified in the NBA books. He urged the newly elected officials to activate the codified provisions “and there will be vibrant NBA of our dreams again.” Ajulo further asked Mahmud to expedite actions on how to revive the embarrassing snail speed of the justice system in the country. “Matters take such a long time, hence erosion of faith in justice and the law. This is the area where the judiciary has been given a bad name. You will remember that President Buhari has said this repeatedly. “The new President should build a good synergy between the Bar and the Bench so as to facilitate the quick dispensation of justice”, Ajulo said. To Obibiaku, the new NBA President must take the welfare of young lawyers into consideration as they have been left out severally in the scheme of things. He said: “There is a serious issue which the new President should look into. It is the issue of young lawyers’ welfare, even starting from their days at the law school. We have been pushing for this for a long time but it is not

yielding. “Medical students are being paid when they go for internship, but law students are not paid a dime when they go for attachment. This is not good enough. “Also, the salary of young lawyers is too ridiculous. You can imagine, a fresh lawyer being paid as low as N15, 000 a month, when a fresh doctor is paid hundreds of thousands. “The new President should please help the plight of young lawyers, so that they can also be seen as well to do person in the society.” Tokede believes Mahmoud should first leverage on Alegeh’s unbeatable record if he must move the NBA to greater heights. He said: “Most importantly, the stamp and seal policy should be improved. Lawyers’ directory should be regularly updated. “Another area, the new leadership should look at is the issue of the number of lawyers being churned out every year. That number is just too much. When they are called to Bar, except for anyone who comes from a well to do family, it can be so difficult to get a place to practice. “I think the leadership of the Bar can make case with the Council of Legal Education to reduce the number of times in a year, lawyers are called to Bar. “The number of intake should also be reduced. This will enhance a quality breed of lawyers. As a teacher, I have seen various students, and I wonder why they are studying law. Such students still make it to the law school, and eventually called to Bar. “So, the new leadership should work on this aspect. This will give our profession more integrity.” Ighodaro called on the President elect to address his priority and the re-organization of the Bar right. Ighodaro said: “I think this question is an extremely important one. It raises fundamental questions about the structure and the organization of the legal profession in Nigeria. For many years we have been grappling with declining standards in the legal profession. “There are serious ethical issues. There are also serious complaints about professional misconduct amongst lawyers which tend not to be addressed swiftly. The time has come when we should be asking some hard questions. We need to interrogate the architecture of the regulation profession in our country. “Take for instance, in the United Kingdom, the Legal Services Act 2007 introduced major reforms in the structure of the regulation of the legal profession in that country. The legal profession was no longer to be self -regulating. The representative arm of the profession was separated from the regulatory arm. The Legal Services Board Act as overarching regulator.” “The Bar Standards Board regulates the Bar with the Bar Council remaining as the representative arm. The representative arm for the solicitors is Law Society and the Solicitors Regulatory Authority regulates them. The question of course for is: is the existing system outdated? Do we need a new representative and regulatory structure for the legal profession in Nigeria? Successful reforms have been undertaken in many other countries, and even in our sister African countries for instance Kenya, Ghana have all embarked on serious reforms.

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

Interview ‘Local technology devt’ll unlock economic prosperity’

Business What's new Telcos’ outgoing ported lines rise to 543,160

Money Line Weak naira: Analysts predict 17.35% inflation for July

34 36

Rates Dashboard INFLATION RATE June 2016 ..............................16.5% May 2016...............................15.6% April 2016............................13.7%

LENDING RATE Interbank Rate....................12.57% Prime Lending Rate...........17.93% Maximum Lending Rate...26.83%

EXCHANGE RATE

(Parallel Market as at August 5)

(Interbank as at August 5)

USD . . . . . . . . . . . . . . . . . . . . . . N398 Pounds . . . . . . . . . . . . . . . . . . . . N510 Euro . . . . . . . . . . . . . . . . . . . . . . . N415

l Foreign Reserves – $26.001bn as at 4/8/2016

USD . . . . . . . . . . . . . . . . . . . . . . N311 Pounds . . . . . . . . . . . . . . . . . . . N414 Euro . . . . . . . . . . . . . . . . . . . . . N347

Source: CBN L-R: Pro-Chancellor and Chairman, Governing Council, University of Ibadan, Umar Musa Mustapha; former President of Nigeria and Distinguished Lecturer, Chief Olusegun Obasanjo; Group Head, Agric. Finance, Sterling Bank Plc., Mrs Bukola Awosanya; Director, Public Communication, UI, Mr. Olatunji Oladejo and Protocol Officer, Mr. Gboyega Badejo, at the First Eminent Business Persons Lecture organised by the University of Ibadan School of Business ( UISB) supported by Sterling Bank Plc in Ibadan.

p.26

TSA: Policy renewal suffers setback as premium income dips p.26

Illicit finance flow: Nigeria is Africa’s biggest loser –Report •Suffers $20bn losses in 10 years

The Business Desk Ayodele Aminu

APPLAUSE Agency commends planned probe of multi-nationals’ N1 trillion tax evasion

Deputy Editor (Business)

Bayo Akomolafe

Asst. Editor (Maritime)

Sunday Ojeme

Asst. Editor (Insurance)

Tony Chukwunyem

Asst. Editor (Money Market)

Dayo Ayeyemi Property Editor

Adeola Yusuf Energy Editor

Wole Shadare Aviation Editor

Chris Ugwu

Capital Market Editor

Abdulwahab Isa Finance Editor

Taiwo Hassan

Industry, Agric & Brands Editor

Kunle Azeez

Senior Correspondent

Chuks Onuanyin Energy

Nnamdi Amadi Reporter

Johnson Adebayo

Asst Production Editor

Adeola Yusuf

Kampala, Uganda

igeria is the biggest loser in the outflow of illicit finance by multi-nationals in Africa, Transparency and Accountability agency in Africa, TrustAfrica, has said. Specifically, the agency said Nigeria’s losses to this menace had exceeded $20 billion in 10 years. The latest report of the Global Financial Integrity showed that over $17.8 billion was siphoned from Africa’s biggest crude exporter between 2004 and 2013. Project Director, TrustAfrica, Briggs Bomba, told New Telegraph in Kampala, Uganda, that Nigeria was yet to block the outflow, which has continued to increase.

Stating that his agency was willing to assist Nigeria, he maintained on the sideline of a Thomson Reuters Foundation workshop for 14 outstanding journalists in Africa, held in Kampala, that TrustAfrica had just added $5million grants to the office of the vice president as addition to hundreds of millions of dollars of aids for the country. Out of the total 435 grants valued at $20.48 million aids to countries in Africa between October 2006 and December 2013 (seven years), Nigeria has received over 10 different grants from the agency, Bomba said. “$8.1 million, which is 40 per cent of these grants given in seven years went to West Africa in which Nigeria had a fair share. This is different from the $5 million grant we gave to office of the Vice President of Nigeria on the anti-corruption fight,” he said. Bomba added that he had personally sought information from officials at the Nigeria’s Federal Inland Revenue (FIRS) services on why the country is ranked as the highest loser of revenues to tax evasion and Illicit Finance Flow (IFF). “Now, the question we ask is that how come Nigeria still rank as the highest in illicit finance flow in Af-

$69.8 billion Being the amount Nigeria lost in the oil and gas sector between 1996 and 2014 to underinvoicing of oil exports from the country to the United States

rica?” he queried. Illicit financial flows are transactions involving the transfer of the proceeds from the exploitation of the resources from a particular region to another, either through money laundering and other illegal means, or commercial activities, without the commensurate value in returns. In the oil and gas sector alone, between 1996 and 2014, under-invoicing of oil exports from Nigeria to the United States, this newspaper had earlier reported, hit $69.8 billion, a 24.9 per cent worth of all oil exports to the United States. The United Nations Conference on Trade and Development (UNCTAD), which divulged the massive fraud arising from under-invoicing of crude oil exports from Nigeria to the United States, noted that the country lost $69.8 billion of its common resources to the United States through illicit financial flows arising from under invoicing from oil export by International Oil Companies (IOCs). Secretary-General of UNCTAD, Mukhisa Kituyi, who unveiled the report, said that over and underinvoicing of trade transactions facilitated billions of U.S. dollars in CONTINUED ON PAGE 26

BUSINESS |news

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

Telcos’ outgoing ported lines rise to 543,160 •Glo tops Internet usage table VALUE More subscribers see value on porting service

Kunle Azeez

he number of outgoing ported telephone lines on mobile networks in Nigeria has snowballed to 543,160 till date, official data obtained by New Telegraph from the country’s telecoms regulator has revealed. The development is coming even as Nigeria’s indigenous telco, Globacom, topped the mobile Internet subscriptions table while also pushing its voice active subscriptions to over 36 million. The Nigerian Communication Commission (NCC) data obtained at the weekend, which is for the month of June, is the latest in the industry. According to the numbers, additional 20,208 telephone lines switched networks in the month, increasing the existing 522,386 ported lines recorded as at May. With the new addition, the overall outgoing ported lines, thus, soared to 543160. The NCC data revealed that, of the 20,774 outgoing ported

Illicit finance flow: Nigeria is Africa’s biggest loser –Report CONTINUED FROM PAGE 25

illicit financial flows into or out of some developing nations. Trade mis-invoicing is thought to be one of the largest drivers of illicit financial flows from developing countries, so that the countries lose precious foreign exchange earnings, tax, and income that might otherwise have been spent on development. Meanwhile, the agency has commended the move by President Muhammadu Buhari to probe multinational firms operating in the country as part of the on going anti-corruption war. The Federal Government said it was losing huge revenue through evasion of taxes by some multinational companies. It is estimated that over N1 trillion had been lost to multinationals in tax evasion. “As at the last count, over N1trillion has been lost over a period of time and the revenue companies have found that they were losing more money in terms of tax evasion and avoidance than what they were even receiving as grants from multinational agencies,” Minister of Information, Lai Muhammed, said while confirming the probe of the multinationals.

lines witnessed from various GSM networks including Glo, MTN, Airtel and Etisalat, the networks recorded 4,701; 8,593; 5,111 and 2,369 respectively. Outgoing ported lines are those lines that maintain an outward movement from an existing network to settle on a new mobile network, where they settle as incoming ported lines. Earlier, the report showed that porting activities witnessed a fluctuating trend since the beginning of this year, as details of the data showed that in January, February and March, outgoing ported lines stood at 14,867; 16,845 ; 21,261; 18,616 and 20,966 respectively. Introduction of MNP in 2013 has widened telecoms consumers’ choices, as subscribers are able to migrate from one network to another without changing their lines. Since 2013, the monthly porting on mobile networks, mainly the Global System for Mobile

Communications (GSM) networks of MTN, Glo, Airtel and Etisalat, has been gaining traction. According to the NCC figures, the introduction of the service had created wider service choices for telecoms subscribers, as no fewer than 446, 010 had leveraged the porting service by changing operators. Currently, there are over 149 million active telephone lines on the four GSM networks with opportunity to migrate from their existing networks to other network, as they may deem fit. Active subscriptions dropped from active 152 million mobile lines since last October, following regulatory directive to MTN to deactivate over five million subscribers on account of violating subscriber registration rule. Following the launch of the service in 2013, telecoms networks in June, July, August, September, recorded 5,802; 6,753,

12,039 and 13,072-ported lines respectively. In October, November and December 2013, the monthly figure also increased to 14,296; 7,830 and 5,850 in that order. The number of subscribers porting their telephone lines also continued in the upward swing in 2014. As at January last year, the number of ported lines were 6,880; 7,080 in February; 13,383 in March; 14,183 in April; 9,365 in May; 10,325 in June and July, 2014, the figure had risen to 11,110. By the end of August 2014, the total number of monthly ported telephone lines was 13,878; 18,980 in September; 16,697 in October; 13,578 in November and 10,539 in December. By January, this year, the monthly ported lines stood at 14,330; 14,801 in February; 14,718 in March; 15,357 in April and in May, the figure stood at 18, 071. In June, July, August, Septem-

ber, October, November and December, the figure seated at 21, 152; 28,712; 19, 453; 20, 370; 16,579; 18, 258 and 17,558 respectively. Speaking on porting activities in the country, Director, Public Affairs at NCC, Mr. Tony Ojobo, noted that MNP is a needbased value-added service for willing subscribers. He said, “MNP is not a compulsory service that people must subscribe to. If a subscriber sees a need for it, he or she may switch from his or her current network to another and if not, he or she remains on its current network.” Meanwhile, the June data has revealed details of how the four major operators fared in the data market in the month of June, 2016. In the figures published on the commission’s website, data grandmasters, Globacom, finished on top of the table with a total of 26,628,065 Internet subscribers.

L-R: Executive Director, Asset Management Corporation of Nigeria, (AMCON), Mr. Kola Ayeye; Managing Director/Chief Executive Officer, Mr. Ahmed Kuru and the Corporation’s Head, Finance & Budgeting, Mr. Olugbenga Ataiyero, when Kuru briefed the media in Lagos at the weekend.

TSA: Policy renewal suffers setback as premium income dips UNCERTAINTY Government’s indecision discourages investors and encroaches on disposable incomes

Sunday Ojeme

nability of the Federal Government to release enough money into circulation has drastically affected the premium profile of insurance industry, as most policyholders have reneged on their policy renewal. New Telegraph findings revealed that recent economic policies including the Treasure Single Account (TSA) scheme put in place by the government have further weakened the already battered premium expectation of the operators.

An industry player, who confided in our correspondent, pointed out that the accelerated policies put in place by the Minister of Finance, Ms. Kemi Adeosun, to reengineer the sector had become puerile, as premium payment that forms the basis for the industry growth has not been forthcoming. He lamented that for a whole year, the sector could only record a 19 per cent increase in gross premium income under the current administration, stressing that the Federal Government’s economic direction had not been too clear to investors. According to him, it has actually been an admixture of feelings in terms of the economic impact on insurance. When the economy is facing a challenge, insurance suffers. He said: “The economy and insurance as you are aware are like Siamese twins. In the last

one year, the government has been battling with the economy in terms of direction. This indecision is preventing investors from putting down money and it is also encroaching on the disposable incomes of Nigeria making it difficult to make insurance a priority. You recall that even when the economy was a bit stable, the industry was a fragile, not many people like to be insured. “The other catchment is the corporate. The same thing applies to them. Certain government policies are not giving them idea on what to do. Even now premiums are no longer being paid, basically because of the TSA (Treasury Single Account). Now everything goes into one account. That’s not good for insurance. “In the face of this, however, the sector is expected to pick up with time especially with the consolidation bill. When the

bill is eventually signed into law, it is going to impact positively on the industry. At least, the bill will ensure the industry is capitalised to where it should be and it will also ensure the full implementation of Compulsory Insurances.” A few weeks ago, the industry announced a total premium of N350 billion in its business activities in 2015, against N294 billion it recorded in 2014. This represents 19 per cent increase from last year’s figure. Although the immediate past Chairman of the Nigerian Insurers Association, Godwin Wiggle, who reeled out the figures, did not give detailed breakdown of how the premium was collected for the period, findings, however, showed that in 2014 premium, general insurance segment stood at N184.96 billion while gross premium from life segment stood at N108.57 billion.

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

BUSINESS |Stock Watch

As the healthcare industry battles with operational challenges, GlaxoSmithKline Consumer Nigeria Plc has had its fair share of the struggle, CHRIS UGWU reports

Challenges espite the change mantra of the present administration, the operating environment has remained very challenging as a result of high cost of borrowing, epileptic power supply, poor infrastructure, Boko Haram activities in the North Eastern part of the country and increasing militants’ activities in oil rich Niger Delta. The situation was aggravated with the sharp fall in the price of crude oil and the consequent weakening of Naira against Dollar and other currencies since the last quarter of 2014. The health care industry was not insulated, as the sector is still seen as a weaker competitor, when compared with international firms despite the fact that the sector has great potential for Nigeria. However in spite of the harsh milieu, analyst has rated some health care companies in Nigeria as performers. Some of these companies are making strong strides on the back of the federal government’s commitment towards making the sector self-sufficient as well as improving the overall standard and quality of its products and service delivery, thereby making the constituent companies able to compete internationally. The government’s commitment is being demonstrated through the reinforcing of the National Agency for Food and Drug Administration (NAFDAC). However, the overall economic and business climate have been a mixed fortune for manufacturing companies due to mounting economic challenges, hence; GlaxoSmithKline Consumer Nigeria Plc like its competitors was not insulated. Although the company remained leader in terms of share price among the pharmaceutical firms listed on the floor of the Exchange, it has depreciated significantly in response to the massive sell pressure that has enveloped the Exchange and also it remains susceptible to the challenges facing the manufacturing businesses in Nigeria. The company’s activities have definitely impacted on a negative note, by the continued insecurity prevailing in some parts of the country, a situation that has compelled many companies to scale back their expansion drive in those regions. The company’s bottom-line, which had declined by 47.77 per cent in profit after tax for the financial year ended December 31

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

GSK Nigeria: Contest, weak consumer spending squeeze earnings 2015, also degenerated to a loss after tax of N3.705 billion for the half year ended June 30, 2016. Market watchers attributed the sustainable loss to stiffer competition and lack of accessibility to key markets in the Northern part of the country coupled with increased financing cost, which have resulted in slow growth of many fast moving consumer goods companies. Just as other quoted firms in the local bourse are facing depression in share prices, market sentiments for the shares of GSK, one of the nation’s foremost healthcare products manufacturers listed on the floor of the Exchange, has dwindled relatively due to challenging environment faced by the real sector of the economy. The share price, which closed at N35.20 per share in September 30, 2015, has recorded a decline in growth. At the close of business last Friday, the company’s share price stood at N18.50, which translates to a decrease of N16.7 or 47.44 per cent drop year-to-date. Financials GlaxoSmithKline ended the year 2015 with 47.77 per cent slide in profit after tax for the financial year ended December 31, 2015. According to filing with the Exchange, profit after tax (PAT) dipped 47.7 per cent to N965.047 billion from N1.848 billion in the corresponding period of 2014. Its pre-tax profit for the year ended also declined 57.95 per cent to N1.157 billion from N2.752 billion recorded a year earlier. Revenue however, moved from N30.521 billion in 2014 audited period to N30.634 billion in the review period of 2015; indicating a marginal growth of 0.4 per cent. Based on the performance, the company proposed a dividend of 30 kobo to its shareholders for the full year ended 2015. GlaxoSmithKline Consumer Nigeria, the company behind beverage brands of Lucozade and Ribena, among others, began the financial year 2016 with its net income for the first quar-

GSK Nigeria 2015 July 31

N18. 45

August 30

N18.50

September 30

N35.20

October 31

N38.20

November 30

N38.00

December 31

N34.20

January 2016

N26.99

February 29

N24.98

March 31

N24.98

April 30

N22.55

May 31

N20.50

June 24

N23.02

very challenging year; during, which time the country witnessed economic adversities. He emphasised that in spite of the challenges of 2015, GSK still invested significantly in marketing campaigns and activations to support its brands and demonstrate commitment to their loyal consumers.

Managing Director, GSK Consumer Nigeria Plc, Mr. Thandalam Dayanand

The share price, which closed at N35.20 per share in September 30, 2015, has recorded a decline in growth

ter ended March 31 2016 declining by 37 per cent to N188 million, from N297 million in the same quarter a year earlier. However, the beverage and healthcare company saw a slight lift of 2.5 per cent in sales for the quarter to N7.6 billion, from N7.5 billion a year earlier. Cost of goods sold for the period climbed 15 per cent to N5.2 billion, from N4.5 billion in the previous quarter. The group closed the half year with a loss after tax of N3.705 billion for the second quarter ended June 30, 2016 as against a profit after tax of N2977.373 million declared a year earlier. Similarly, the group recorded a loss before tax of N3.620 billion compared to N424.819 million posted the same period of 2015. Its revenue dropped from N15.444 billion in the H1 period of 2015 to N13.96 billion in the review period of 2016, showing a decline of 9.57 per cent, the company said in a filing with Exchange. Reasons for earnings decline GSK Nigeria’s revenue and profits continued to be impacted by competition and weak consumer spending triggered by macro-economic headwinds. Chairman of the company, Mr. Edmund Onuzo had listed the major factors responsible for the significant decline in profitability to include exchange losses arising from devaluation of the Naira following the crash in oil prices. Speaking at the 45th Annual General Meeting (AGM), Onuzo said that despite the prevailing economic challenges of 2015, the company remains committed to ensuring that its shareholders get returns on their investments. Onuzo said the decline in profitability recorded by the company was attributed to a

Outlook The chairman noted that the company is strongly committed to attaining and sustaining high performance and will continue to invest in adequate human capital, sustainable corporate responsibility initiatives while also ensuring that the company fulfills its mission to improve the quality of lives in Nigeria by helping people to do more, feel better and live longer. Onuzo maintained that GSK’s focus is to continually maximise existing business opportunities with renewed commitment to a sustainable business through investment, product innovation and capacity development. In response, the shareholders approved the Board’s recommendation, lauded the Board for its performance and urged them to continue to work tirelessly to take the company to greater heights and also produce better results in the new financial year. The Board of GSK Consumer Nigeria Plc, at an Extra Ordinary General Meeting held immediately after the AGM, also recommended for approval by shareholders, a binding offer from Suntory Beverage & Food Limited (SBF) for the divestment of its drinks bottling and distribution business following due diligence and negotiations between SBF and GSK Nigeria. Explaining the rationale behind the decision, Onuzo said: “The divestment decision was reached to enable GSK Nigeria refocus and reinvest in the rapid expansion of the business portfolio and deliver more value to shareholders. He explained that despite this transaction, GSK Nigeria would still be listed on the Exchange and would continue to manufacture, market, and distribute a portfolio of leading healthcare brands including Sensodyne, Panadol, Horlicks and, in future, the legacy Novartis brands, such as Voltaren and Otrivin”. He said that GSK Plc UK is committed to Nigeria in the long term and will continue to develop strategies to invest in the business to support the GSK consumer business. Conclusion The operating environment for GlaxoSmithKline Consumer Nigeria Plc like other health care companies has remained challenging due to intense competition and naira exchange rate pressure. It is however, hoped that the company would continue to adapt business strategies to fit the dynamic operating environment.

MONDAY, AUGUST 8, 2016 36 NEW TELEGRAPH

MONDAY, August 1, 2016 BUSINESS | Capital Market 29 NEW TELEGRAPH

TheNigerian NigerianStock StockMarket MarketExchange Exchangeas asat atJuly July29, 8, 2016 The 2016

Insurance

ALARMING Available records revealed that about 12 million out of 16 million vehicles on the roads use fake insurance documents

L-R: CBN Deputy Governor, Corporate services, Mr Adebayo Adelabu, Deputy Governor, Operations, Alhaji Suleiman Barau, Chairman, House committee on Banks and other Financial Institutions, Hon Chukwudi Jones Onyereri and Vice Chairman, Hon Zakari Salisu Ninigi at two-day retreat for members of the committee in Uyo, Akwa Ibom state over the weekend.

ollowing the success recorded in the use of Bank Verification Number (BVN) for financial transaction and also check crimes, the Federal Government has resolved to deploy same technology to control vehicle registration in the country. The technology is part of move to ensure that premium paid for vehicle insurance are automatically charged and channeled to the appropriate quarters. Commissioner for Insurance, National Insurance Commission (NAICOM), Mohammed Kari, said these during a parley with insurers, brokers and agents in Abuja. He said the Federal Government plans to constitute a body comprising the Commission, Federal Road Safety Commission (FRSC), Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service to checkmate and control motorists’ activities through the deployment of the technology. According to him, the minister believes in the power of technology and has asked that it be fully deployed to increase premium income in the industry. He was optimistic that more tax will be earned because a proper record of vehicles in the country would be ascertained. He said: “The minister has said she is constituting a body which will comprise of NAICOM, Federal Road Safety, Federal Inland Revenue and the Customs. By using the Bank Verification Number (BVN) technology, all vehicles in

Vehicle insurance: FG may deploy BVN to check abuse Nigeria will be registered to an individual. “She also believes that the tax money will help people know how to avoid use of 10 cars or whether they pay their taxes. Insurance will automatically be charged on vehicles because a number like the BVN will identify it. The motorist will automatically get a notice. Technology will assist us in all of these plans.” Kari stated that NAICOM on its part, beyond providing leadership and a sane regulatory environment for insurance entities to operate, has continually introduced market developmental programmes and initiatives aimed at increasing pen-

etration and assisting insurance institutions enhance their premium revenue generation and, by so doing, increase the industry contribution to the nation’s Gross Domestic Product (GDP). He said: “In 2009, the Commission launched the Market Development and Restructuring Initiatives (MDRI) programme. This is a medium term industry development plan designed by the Commission with focus on the enforcement of compulsory insurance products, increase insurance awareness, reduction in incidences of fake insures/insurances and increase agency reform. “This initiative was successfully launched in the six

Lagos pays N891m to 324 retirees

he Lagos State Government has lifted the hope of its workers, as it paid the sum of N891 million to another batch of 324 retirees from the Mainstream Civil Service, Local Governments, State Universal Basic Education and other Parastatals of government for the month of July 2016. While presenting the benefits to the pensioners, the Director-General, Lagos State Pension Commission (LASPEC), Mrs. Folashade Onanuga, advised the beneficiaries to use the lump judiciously, stressing that they should not engage themselves in any business they are ignorant of so as not to become victims of fraudsters. She pointed out that the Lagos State Government had fulfilled its part of the payment and that it was now left for the Pension Fund Administrators /Annuity Service Providers to take over the responsibility of paying the retirees their lump sum and pension monthly. She reiterated that the Com-

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

mission would continue to monitor the activities of pension operators to ensure that they continue to fulfill their obligations to the retirees. She stated that a total sum of N16.336 billion had been paid to 3, 924 retirees by the Lagos State Government as accrued pension rights through LASPEC in the last 12 months. Commenting on the pay-

ment, a non-governmental organisation, ‘Comfort the Discomfort International Charitable Foundation’ commended the Governor of Lagos State, Mr. Akinwunmi Ambode, for his magnanimity in the payment of the arrears of pensions at this crucial moment of economic downturn in the state and the nation at large.

geo-political zones and Abuja. The Commission also followed up with massive awareness campaign, roadshows and seminars again in all the zones of the country. These efforts were geared towards making the insurance institutions richer and better. “The Commission has also recently embarked on the sensitisation of Ministries, Departments and Agencies (MDAs) of government on the compelling need for adequate insurance of their assets. We have equally canvassed the engagement of insurance professionals to handle their insurances to ensure they procure proper insurance policies,” he added. Recently, the Senate mandated its Committee on Banking, Insurance and other financial institu-

Insurer tasks women on health needs

ales Manager, FBNInsurance Limited, Ngozi Umechurumba, has counseled women to take their health seriously by going for regular checkup. Umechurumba gave the advice during a breast and cervical screening exercise for girls and women in Lagos, according to a statement. She acknowledged the importance of woman’s place in

STI reports 97% growth in profit

overeign Trust Insurance Plc has recorded 97 per cent growth in profit after tax (PAT) in its 2015 operations. According to the accounts, which National Insurance Commission (NAICOM) and Nigerian Stock Exchange (NSE) approved, PAT rose from N294.943 million in 2014 to N582.209 million in 2015. A statement made available to New Telegraph said the underwriting firm had concluded plans to hold its 21st Annual

General Meeting (AGM) following the approval by the regulators. Managing Director, STI, Mr. Olaotan Soyinka, said the highpoint of the AGM will be the unveiling of the new Chairman of the Board of Directors in the person of Mr. Oluseun Ajayi and other members of the newly constituted Board. The pioneer chairman of the company, Ephraim F. Faloughi and other members of the board retired on April 7, 2016, after two decades of meritorious service

tions to look into recent findings that showed that over 12 million motorists in the country use fake insurance papers. Stakeholders including NAICOM were charged to deliberate on ways and means of ensuring the strict implementation and compliance with the six compulsory insurance schemes as provided in the Act and invoke sanctions where necessary. The resolutions followed a motion by Senator Ahmed Salau Ogembe (Kogi Central) and eight others entitled, “Implementation of the compulsory insurance in Nigeria as provided in the ‘Insurance Act Regulation, 2003.’ Senator Ogembe lamented that of the 16 million vehicles in the country only four million were properly insured.

to the organisation. Speaking on the financial performance, Soyinka said that the underwriting firm sustained its growth in Profit after Tax by 97 per cent from N294.943 million in 2014 to N582.209 million in 2015. He said this was made possible by the cost reduction mechanism adopted by the company, in which management expenses reduced to N1.425 billion against N1.490 billion in the previous year with a 4.6 per cent decrease. STI’s gross premium written

every home. “As home makers, it is important that women look after their health so they can have the presence of mind and body to contribute their bit to their family’s quest for a better tomorrow. Only a healthy home can aspire to grow wealth. So, beyond selling insurance, this is one of the many ways of showing our clientele and prospects that we are all for a better society,” she posited. The exercise, which was put together by FBNInsurance Limited in conjunction with Rotary Club of Omole, witnessed a large turnout of women from all walks of life including senior secondary school girls, according to the statement. The Deputy Medical Director of the health facility used for the exercise, Dr. Erivea Kuti, also lectured the participants on the cultural and traditional myths that have unfortunately contributed to the spread of cancer. She said: “It is not every time you notice an unusual growth on your breasts that you begin to think spiritual attack.”

BUSINESS | Insurance

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

Why Royal Exchange is listing N3bn bonds, by Muktari

he G ro u p Managing Director, Royal Exchange Plc, Auwalu Muktari, has said that the management’s decision to list N3 billion bond by October this year is part of the company’s proactive move for higher responsibilities. Muktari, who disclosed this at the Nigerian Stock Exchange (NSE), said the capital raising exercise was in line with ongoing reforms in the industry. The Risk Based Supervision (RBS) he explained, required increased capital structure for bigger ticket risks and Royal Exchange was set to be at the forefront in this regard. Royal Exchange last week announced plans to list N3 billion bond on the Exchange in October 2016. Proceed from the bond is expected to position the 95-years old firm to play big and underwrite big-ticket risks. The managing director said: “By October 2016 we want to play big in the Nigerian insurance industry and with need for more capital in the industry,

we are restrategising to make sure that we have the required recapitalisation to play bigger and take the opportunity in the insurance industry. “Besides that, the company is setting up a pension fund administration company, a

PFA so that we can tap into the opportunity of the annuity business. “In 2015, we strategised to start doing annuity business under our life company. And we have a very good strategy of marketing the annuity

businesses and we made an income of about N1 billion in 2015. “The annuity funds are there in our books and we are assuring our shareholders and the investors that as soon as we continue to grow

L-R: Group General Manager/Legal Counsel, Royal Exchange Plc, Sheila Ezeuko; Executive Director, Market Operations and Technology, Nigerian Stock Exchange(NSE), Ade Bajomo; Group Managing Director, Royal Exchange Plc, Auwalu Muktari, and Director, Adeyinka Ojora, during the closing gong ceremony at the NSE by the insurance company in Lagos last week

Reinsurance firm posts 83.6% increase in profit

ontinental Reinsurance Plc has reported a profit before tax of N2.92 billion in 2015, up from N1.59 billion the previous year. The figure represents an increase of 83.61 per cent. The gross premium income also moved to N19.7billion from N16.4billion in 2014 while shareholders’ dividend payout grew at an annual growth rate of 12 per cent per annum over the last five years. Chairman of the company, Mrs. Nadia Fettah-Alaoui, disclosed these figures during the company’s Annual General Meeting (AGM) in Lagos. She said the board and management were pleased with the performance over the past year, as it showed that the company had the right team to provide credible services to its clients. On his part, the Group Managing Director, Dr. Femi Oy-

etunji, said: “We maintain a firm commitment to grow our company sustainably through volume growth, improved operational efficiencies, and development of critical skills. This bolsters our confidence in our optimism that we will continue to deliver top and bottom line growth on a sustained basis for our shareholders and other stakeholders.” Dr. Oyetunji thanked shareholders and Board members for their support, adding that the Company was in another challenging year, because of the poor economic performance seen in most African countries mostly due to low commodity prices and volatility from dollars interest rate. In the insurance and reinsurance space, competition is steeper and the excess capacity of Europe, the US and Asia is now targeting markets across Africa. Currency risk and regu-

latory risk have become top of mind issues, he remarked. He said that the Board and Management of Continental Re are finalizing a strategic plan to strengthen the company, to ensure it increases its market share and continue to provide credible reinsurance security and services to clients and sustainable value to shareholders. Continental Reinsurance currently operates from six strategic locations across Africa through a combination of regional and subsidiary offices. Although the contribution from the Nigeria grew by 10 per cent year on year, its contribution to the group constituted 54 per cent of the total Non-Life business in 2015 down from 60 per cent in 2014, and this reflects ongoing success in the strategy to pursue growth in new territories, thereby reducing concentration in the Nigerian market.

Experts to brainstorm on robust pension benefits

nsurance and pension experts are expected to brainstorm on ways to create a robust pension benefits for retirees during the 2015 Nigerian Insurance and Pension (Inspen) Awards coming up next week. A statement by the Chief Executive Office Inspen Media, Chuks Udo Okonta, said experts drawn from insurance and pension sectors would

our annuity funds the technical provisions made by the regulations will continue to show the sign of profitability. So, we are working towards that. From the 2016 accounts you will see that we have returned to profitability”

be on hand to seek solution to the plights of retirees and make contributions on how to improve retirement benefits operations. He noted that the Theme paper: ‘Robust Pension Key to Better Life After Work’ would be delivered by the Director-General, Ondo State Pension Commission, Jaiyeola Olowosuko.

The event to be chaired by a former Board Member, National Pension Commission (PenCom) and Director, Centre for Pension Right Advocacy Ivor Takor, MNI, will also have a former Director General, Chartered Insurance Institute of Nigeria (CIIN), Adegboyegba Adepegba, as the Special Guest of Honour.

Osun presents N1.2bn bond certificates to retirees

ov. Rauf Aregbesola of Osun on Friday presented N1.2 billion bond certificates to 194 retirees in the state. The bonds were presented to retirees under the Contributory Pension Scheme (CPS) in local governments and public primary schools in the state. While making presentation, the governor promised that his administration would continue to make the welfare of pensioners a priority. He recalled that in 2010, the administration committed N400 million to pension and further increased the monthly pension obligation to N250 million while it also paid N3 billion that year. “By March 2012, our pension obligation rose to N300 million monthly which cost N3.5billion. But in December 2012, about 5,000 retirees were added to the existing 9,000 pensioners in the state. In 2013, we increased our monthly pension to N520 million and paid out N5 billion in the same years. “In 2014, though the economic meltdown had started and we started having difficulties on pension payment, we still committed a total sum of N4.9billion to pension,’’ he said. The governor pointed out that in spite of the financial challenges in the country, the state government was still committed to the payment of pensions and gratuities to retirees, adding that the contributory pension as a win-win’ scheme and as such his administration would ensure that no retiree was short-changed. Earlier, the Head of Service in Osun, Mr Sunday Owoeye, expressed delight at the state’s commitment to the welfare of workers while the Permanent Secretary, Bureau of Local Government Staff Pension, Mr Kayode Afolabi, said the CPS was aimed at assisting civil servants to save toward their retirement.

BUSINESS | Financial Market News

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

BUSINESS | Financial Market News

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

Total deals at NSE fall 44% in HY 2016 APATHY FPI transactions decreased by 54.29 per cent from N588.99 billion to N269.22 billion

Stories: Chris Ugwu

ollowing the low sentiment that had pervaded the nation’s bourse, total transactions for the first half of the year decreased by 43.95 per cent from N1.114 trillion recorded in 2015 to N624.41 billion in 2016. Low sentiment in the market had worsened following investment apathy, which had made both foreign and local investors remained on the sidelines owing to the upset in the financial market arising from drop in oil price, insecurities, and poor financial results being released to the investment community. The factors, which impacted on the market were drop in the crude oil price, delay in passage

of budget, lack of clear policy direction, depressed consumer purchasing power, expected weak corporate earnings, flight to safety by foreign investors on account of the weak Naira and anticipated devaluation. However, on monthly basis, available statistics obtained from the Nigerian Stock Exchange’s (NSE’s) website showed that total transactions at the nation’s bourse increased by 49.97 per cent from N103.92 billion recorded in May 2016 to N155.85 billion (about $0.55 billion) in June 2016. Domestic investors conceded about 2.33 per cent to their foreign counterparts. Domestic transactions increased by 20.11 per cent from N63.34 in May 2016 to N76.08 in June 2016. FPI transactions increased by 96.57 per cent from N40.58 billion in May 2016 to N79.77 billion in 2016. On a monthly basis, the Exchange polls trading figures from major custodians and market operators on their foreign portfolio investments (FPI). According to the reports,

monthly foreign inflows slightly outpaced outflows, as foreign inflows increased by 102.58 per cent from N20.96 billion in May to N42.46 billion, while foreign outflows also increased by 90.11 per cent from N19.62 billion to N37.30bilion within the same period. In comparison to the same period in 2015, total FPI transactions decreased by 54.29 per

growth in unclaimed dividends in Nigeria, the SEC had engaged the CBN and other stakeholders on key initiatives. In particular, we set up a committee comprising the SEC, CBN and representatives of Registrars in 2013 to work on the e-Dividend programme. The committee’s work and advocacy played a crucial work in facilitating the significant progress already achieved, including the new directive on accepting cheques into savings accounts. “Through excellent collaboration with the CBN, the Nigerian Inter-Bank Settlement System (NIBSS) and deposit money banks, the Commission was able to develop and deploy the e-Dividend Mandate Management System (e-

The institutional composition of the domestic market increased by 27.37 per cent from N30.65 billion in May to N39.04 billion. The retail composition increased by 13.31 per cent from N32.69 billion in May to N37.04 billion in June. Institutional investors marginally outperformed their retail counterparts in the period under review.

Nestle Nigeria records 94% drop in H1 profit

estle Nigeria Plc has reported 94 per cent drop in profit after tax for the second quarter ended June 30, 2016. The company in a filing with the Nigerian Stock Exchange (NSE) posted a profit after tax of N535.809 million for the second quarter as against N8.887 billion recorded a year earlier, accounting for a drop of 94 per cent. Nestle also reported a profit before tax of N896.449 million in contrast to N10.606 billion in 2015, indicating a drop of 92 per cent. However, the company’s rev-

Unclaimed dividend: SEC lauds CBN’s savings accounts directive

he Securities and Exchange Commission (SEC) has commended the Central Bank of Nigerian (CBN) directive mandating banks to accept dividend warrants into the savings account of investors. SEC in a public notice obtained from its website said it was pleased to notify the investing public that dividend warrants can now be deposited into savings accounts. This followed the directive from the apex bank via circular referenced BPS/DIR/ GEN/CIR/03/005 dated 28th July, 2016 instructing banks to allow customers with BVN to deposit cheques into their savings account. “As part of several measures to put an end to the

cent from N588.99 billion to N269.22, whilst the total domestic transactions decreased by 32.34 per cent from N525.00 billion to N355.19 billion. Highlights of the domestic composition of transactions on The Exchange between January and June 2016 showed that the total domestic transactions increased by 20.11 per cent from May to June 2016.

DMMS) as an online portal for enrolling investors. Retail investors have since then been enrolling onto the platform using their Bank Verification Numbers (BVN). Investors who successfully register on the e-DMMS will be able to receive their dividends directly into their accounts,” the Commission said. The regulator noted that in addition to the e-DMMS, investors with previouslyreceived dividend warrants could now deposit same into their savings accounts in line with the CBN circular under reference. The SEC said: “This is an important achievement investors have been clamouring for in Nigeria since the inception of the capital market.”

enue stood at N80.442 billion during the period under review from N65.924 billion reported in 2015, representing a 22 per cent growth. Commenting on the results, the company’s management said: “We are pleased that our revenue increased by 22 per cent in the first half of 2016 despite the tough economic environment. In both the first and second quarters of 2016, our revenue grew by double digits, thereby confirming the great value that our brands provide consumers. The increase in the

cost of sales was mainly due to higher material costs resulting from currency devaluation. “Operating profit for the period has increase by 10% despite pressure on input costs. Net profit has been negatively impacted by the revaluation of the foreign loans due to Naira devaluation. The Board and Management will continue to implement necessary measures and cost saving initiatives to address the macroeconomic challenges and remain fully committed to the long term potential of the business in Nigeria”.

Royal Exchange’s HY pre-tax profit down by 20%

oyal Exchange Plc has posted 20 per cent drop in profit before tax for the second quarter ended June 30, 2016. The group in a filing with the Nigerian Stock Exchange (NSE), posted a profit before tax of N251.672 million for the second quarter as against N314.975 million recorded a year earlier, accounting for a drop of 20.09 per cent. However, the group reported a profit after tax of N171.138 million in contrast to N170.242 million in 2015, a marginal increase of 0.53 per cent. Royal Exchange’s gross premium written stood at N8.434 billion during the period under review from N6.279 billion reported in

2015, representing a 34.32 per cent growth. The firm posted 326.96 per cent growth in profit after tax for the first quarter ended March 31, 2016. It posted a profit after tax of N154.714 million for the first quarter as against N36.236 million recorded a year earlier, accounting for a growth of 326.96 per cent. Also, the group reported a profit before tax of N227,520 million in contrast to N50.670 million in 2015, an increase of 349 per cent. Royal Exchange’s gross premium written stood at N5.781 billion during the period under review from N3.622 billion reported in 2015, representing a 59.60 per cent growth.

BUSINESS | Interview

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

‘Local technology devt’ll Dr. Dan-Azumi Mohammed Ibrahim is Director General, Office for Technology Acquisition and Promotion (NOTAP), one of the 17 parastatals under the Federal Ministry of Science and Technology. In this interview with KUNLE AZEEZ at the agency’s headquarters in Abuja, he laments wanton importation of foreign technologies into the country and its economic effects. He also harps on the need to domesticate technologies in Nigeria and what the agency is doing to deepen promotion of technology innovation and commercialisation, among others. Excerpts:

Ibrahim

What is the status of NOTAP in developing the frontiers of local content technology in Nigeria? he National Office for Technology Acquisition and Promotion (NOTAP) is one of the 17 parastatals of the Federal Ministry of Science and Technology. One of the major mandates of the office is to regulate the inflow of foreign technologies into Nigeria but we also have the responsibility to encourage the development of local technologies. Technology, in real sense, is what demarcates developed and developing nations. Nations that have developed very well, I think, have been able to come up with technologies that could power their economies and, according to our records, more than 90 per cent of the technologies that power the Nigerian economy are foreign and, as a nation that is aspiring to become independent, we have to come out with policies and programmes to ensure that we develop local technologies. In terms of local contents, what I would say is a result of technological research and development (R&D). Japan does not have one-tenth of the resources Nigeria has but Japan is one of the global economies to reckon with. Why is this so? It is because they have been able to develop technologies. Technologies will help us convert the local resources we have in this country to the level that it could become either a product or a service or even a raw material to even existing industries. So, in terms of local contents, you must have to have technology developed because, as I said, more than 90 per cent of the technologies that power the Nigerian economy be it in manufacturing, power, banking, ICT, are all imported. If the technologies that power your economy are imported, how you will be able to develop local contents is either to develop technology locally that would now add value to resources you have or you allow technologies from outside into your own country but by that time, you prepare what we call the ‘human magnet’ that should be able to capture some of those technologies

brought into this country, domesticate them, adjust them and make them your own technologies. That is how we would be able to improve on local technologies. Nigeria has been refining oil for a very long period of time and the technologies, in terms of oil refinery, are imported and despite the fact that the refineries have been in existence for over 50 years, we still rely on people from outside to come and do the turnaround maintenance. It is because we have not placed a lot of emphasis on developing our human capacity that would enable us to develop our technologies or bring in technologies, adjust them and make them your own technologies. Iran was in the same level with Nigeria but now; Iran can comfortably export refineries outside their own country. So, in terms of local content, we are not doing too badly but we have a lot to do. First of all, from where are the technologies generated? Technologies are generated as a product of R&D efforts. Where do R&D efforts take place? They take place in universities and research institutes. So, these are the sources of technologies. These are where the technologies are expected to come off to catapult Nigeria into economic prosperity but how are our universities faring? How are our research and development institutions faring? Do they have enough equipment? Do they have the capacity? Even though we have the human capacity, if you look at infrastructures in terms of laboratories, workshops and so on, we are not doing very well. So, for us, to ensure that our local content policies continuously increase, we have to place a lot of emphasis on our infrastructure that will assist our universities and research institutes to now encourage them to carry out R&D efforts that could generate technologies. Specifically, let’s look at the area of foreign software licensing in Nigeria. What is your

Despite the fact that the refineries have been in existence for over 50 years, we still rely on people from outside to come and do the turn-around maintenance.

assessment of activities in that space? In the last six years, more than 99.9 per cent of the software packages that are used in the banking industry are imported and if you see the amount of money that leaves this country as software licensing fees, you will shed tears. In fact, it is with pain and difficulty that we approve those software agreements. But we have no option. So, five to six years back, we said to our self that we had to do something to ensure that Nigerians must do the deployment of every software package coming from any foreign country to Nigeria. Nigerians must be part of the deployment exercise. Through this exercise, you will be able to develop the capacity of Nigerians in terms of the deployment of those software packages. If you are involved in the deployment of software in the various sectors, by the time you deploy and maintain it over a long period of time, you may be able to acquire some of the skills and technological expertise needed. So, in the process, I would insist that any software coming into the country, Nigerian firms must be involved. If you involve a Nigerian firm, you are developing the Nigerian firm’s indigenous capacity. Then, another thing is that, we feel also that, we must give them the financial muscles. If software is imported into the country, the amount of money you pay is in lump sum. Then, after one year, you pay what we call technical service fee. That is like mountainous fee and we insist, out of this mountainous fee, six per cent must be paid to Nigerians. So, any software agreement coming into Nigeria and registered with us, we insist that its deployment must involve a local vendor who will also get 40 per cent of the annual service fee. With this arrangement, you are economically empowering Nigerians; you are also developing the capacity of Nigerians through software development. Through this action,

BUSINESS | Interview

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

unlock economic prosperity’ CV NOTAP •Established in 1979 Bio Data •Born on October 1, 1960 in Hardawa, Misau L.G.A, Bauchi State. Education •WAEC, Government Secondary School, Bauchi •B.Sc., University of Maiduguri, Borno State •M.Sc., University of Newcastle Upontyne, UK •PhD., Abubakar Tafawa Balewa University, Bauchi (2004) •Trained at International Training on Strategy for Sustainable Agricultural Development, the Institute of Rural Development Hyderabad, India •Trained at International Training on Breeding of Horticultural Crops, Institute of Vegetables, Flowers, China Academy of Science, Beijing, China Career •Acting Director, Technology Promotion and Commercialisation Department (TPCD), NOTAP (September 2010) •Director, TPCD, NOTAP (December, 2014) Professional affiliations •Founding member, Neem Association of Nigeria •Member, Soil Science Society of Nigeria •Member, Fisheries Society of Nigeria. we have been able to see now that Nigerians have developed capacity or are developing very serious capacities in terms of software development. Now, they have started coming out with some software solutions. The truth, however, is that we cannot be in a hurry because where more than 99.9 per cent of software that powers the Nigerian economy are imported, it takes time for Nigerian software to comfortably compete with those of foreign software packages. Another thing is the attitude of Nigerians. Some of those software solutions they import have so many modules and not many of the modules end up being effectively utilised by Nigerians. But Nigerians are able to customise some of those modules to suite our environment. The issue is, yes, local software products have started penetrating but in a slow pace. But it is a matter of time as far as I am concerned. Now, the software products imported into the system are paid in dollars. The truth is that Nigerian economy can no longer sustain that kind of extra expenditures. We are used to getting dollars freely. Now, source (s) of foreign exchange is very scarce. The reality on ground will now force establishments in Nigeria to now use locally developed software solutions. And as a matter of fact, what is local is, by far, cheaper; it is robust and, by far, in terms of maintenance, the people that develop the software are always there locally to support you 24/7. So, the Nigerian economy has started accepting the software developed in the country but it would take time. But I feel the five years efforts that we have put in place are yielding positive results. The Central Bank of Nigeria (CBN) recently introduced a flexible exchange rate. What effect do you think this portends for the industry in the area of local patronage? You see, a good number of industries bring experts from outside the country and bring in software and in some cases, raw materials from outside. Now, if you look at the current flexible exchange rate, what we used to get is N198 as official rate but now it has catapulted to over N330. So, if you continue to rely on an imported product that means you will pay a lot of money. By the time you produce a product, it may not be within the reach of an average Nigerian and the Nigerian population is a very good market for all international organisations in terms of manufacturing, software licensing and what

Ibrahim

The reality on ground will now force establishments in Nigeria to now use locallydeveloped software solutions.

have you. So, this forex regime will now force us to start developing things locally. For instance, if a company is importing raw materials from abroad, we have a company within the country that is trying to produce something similar to that. It would be far cheaper producing the product locally than to import raw materials. If you keep importing, in this kind of scenario painted, you won’t be able to compete favourably because cost of production will be too expensive and an average Nigerian would not be able to afford it. Even the companies have started looking inwards. For instance, PZ is working assiduously to source calcium carbonate from China and we have a lot of calcium carbonate in Nigeria that is not yet fully tapped. We have had a forum within Nigeria and PZ has acquired about 26,000 hectars of land to plant palm trees so as to be able to extract palm oil. This is backward integration effort instead of them to continue importing oil for their own operations, they are now looking inwards to develop their oil and they are now going into farming. Would you say that our local content policy is robust and how well do you think the country is implementing it? For us to move forward as a nation, all regulators must have to be patriotic. Put your nation first and our ‘elder brother nations’ did a lot and that is why we are enjoying the services they have rendered. I have been able to go to school through scholarship from secondary up to PhD level. Now, from nursery and primary today, people are paying from their own pocket. That is not sustainable. So, if you want to improve on local content development, the regulators must have to be nationalistic. We have to insist that if we have certain raw materials, solutions or capacities in this country, we insist that anybody, who is coming to do business with us, has responsibility to invest in local content. If we leave it the way it is, we won’t go anywhere. Look at the waiver issue, in those days, people were given waiver to import rice and even after importing the rice, they refused to pay what we call the customs duty and some even over-imported. If you want to develop local rice, I cannot understand why you give somebody a waiver to import rice, instead of offering firms incentives to produce locally. It is counter-productive. However, we are looking inwards now and the situation is changing because we know that focusing on effective indigenous technology development is key to unleashing the nation’s economic prosperity. Government is spending

a lot of money now in agriculture and we are trying to block some of these major leakages so that huge quantum of money can now be diverted into the productive sector. You recently disclosed that NOTAP has been able to save the nation N188.8billion that could have resulted in capital flight in the last four years. How were you able to achieve this? Well, first of all, let me say that it is difficult to say how much we are losing as a result of influx of various technologies into the country because not all agreements come to NOTAP for registration. So, we looked at those agreements coming to NOTAP for registration from economic perspectives. Sometimes, they would bring experts from outside to do one thing or the other. Where we feel that we have Nigerians having requisite capacity to do the same job, we say ‘No’ to bringing expatriates from abroad to come and do those jobs. So, if they allocated, say $100,000 for that, we would cut it off and we have Nigerians that can do it and must involve Nigerians and that agreements we have saved $100,000 that would have gone out of this country. But before we register it, if it is a fresh agreement, we take due diligence to go and crosscheck if the exact factory or firm exists, they would give us the addresses of the transferor and transferee, what they do and we take time to go there. We look at records and find out whether the office exists in the address given and then we discuss. Sometimes, we go to those addresses, they don’t exist. So, that would have been a source of capital flight. Once it doesn’t exist, you cancel that agreements, we say we are not going to register it and it is through this process – if you quantify the quantum amount of money we saved that would have gone out of this country- that has amounted to about N188.8 billion, which we saved the nations between 2000 and 2014. What could have gone outside this country as capital flight, it is through this process that we saved it.

Corrigendum The addition of “MBA, 1998 Ondo State University, Ado Ekiti, Snr. Mgt. Prog (SMP 18), 2003, Pan African University (LBS)” in the profile of Odilim Enwegbara, in our Monday interview of August 1, 2016, was a production hitch, which was inadvertently included. The error is regretted.

BUSINESS | MONEYLINE

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

Weak naira: Analysts predict 17.35% inflation for July

Rising Naira falls to N400/$ on parallel market

Tony Chukwunyem

gainst the background of the steady decline of the naira against the dollar on the parallel market in recent weeks, analysts at First Security Discount House (FSDH) Group have predicted that the depreciation of the local currency will push July inflation to 17.35 per cent from 16.48 per cent recorded for the previous month. In a note obtained by New Telegraph, the experts said, “We expect the July 2016 inflation rate (year-on-year) to increase to 17.35per cent from 16.48per cent recorded in the month of June 2016. We expect the increase to come from the increase in the prices of food items and other non-food items as a result of the depreciation in the value of the naira.” Besides, the analysts stated, “Our analysis indicates that the value of the naira depreciated at the inter-bank market and the parallel market by 11.89per cent and 6.63per cent respectively in July 2016. The naira lost N38.19 and N25.00 at the inter-bank and parallel market to close at US$/ N321.16 and US$377 respectively as at the end of July. The depreciation recorded in the exchange rate between the two months would put further pressure on domestic prices.” The naira plunged to N404

against the dollar on the parallel market last Friday. It also closed marginally lower on the official interbank market, ending at N311 per dollar, 0.3 per cent weaker than the previous day’s close. The naira dropped steadily on the parallel market for all of last week after opening at N381 on Monday. Traders say dollar demand has been high from individuals travelling abroad for their summer holidays. The CBN had in a circular on

July 22 directed agent banks to approved international money transfer operators, to sell foreign currency accruing from inward money remittances to licenced Bureaux De Change (BDCs) operators. The circular said that all international money transfer operators would be required to remit foreign currency to agent banks for disbursement in naira to beneficiaries. Forex dealers said the apex bank had hoped that the move

kye Bank Plc., has expressed its readiness to assist states in the country improve on their Internally Generated Revenue (IGR) generation, plug leakages in collection of services across all revenue channels and help solve ghost workers syndrome through efficient payroll software expertise. In a statement, the bank, which said it currently leads IGR mandate in no fewer than six Northern states in the last 12 months, handles several other revenue services and revenue mandates for ministries, departments and agencies of several states and the Federal Government. The Bank has mandates as

the payroll bank for Kogi, Nasarawa and Katsina States, in addition to being re-appointed as lead collecting bank for Kogi, Kano, and Taraba states in the areas of IGR and services. In addition, the bank handles the Hajj Commission Collections accounts for several states in the North, as well as the Federation Account and Allocation Committee’s accounts of some states. Recently, the Lagos State Government directed all its Agencies, Ministries and parastatals to increase business relationship with Skye Bank, just as Kogi State re-appointed the lender as its lead collecting Bank for the State Internally generated Revenue and ser-

N19,142,526.05m N18,579,219.49m 16.5 14 10.77 US$40.8 US$26,001,062,269

Mar, 2015 Mar, 2015 June, 2016 26/07/2016 Mar 2015 5/8/2016 4/8/2016

Source:CBN

Tenor (Days) Call 30 90 180

FGN Bonds

TTM

Price 104.65 114.59 111.96 120.58 109.60 100.54 83.82 97.56

1.07 3.24 3.87 5.82 7.95 9.81 14.31 18.29

NIBOR

Rate (%) 4.4583 9.1071 11.0102 12.3790

Bid Yield 10.38 10.55 11.60 11.44 12.27 12.40 12.44 12.49

Change (%) -2.50 ▼ -0.74 ▼ -0.65 ▼ -0.68 ▼

Change (%) -0.02 ▼ -0.01 ▼ 0.00 ↔ 0.00 ↔ -0.07 ▼ -0.08 ▼ -0.03 ▼ 0.02 ▲

Price 104.80 114.89 112.26 120.88 109.90 100.84 84.12 97.86

Tenor (Months)

Change (%) -0.02 ▼ -0.01 ▼ 0.00 ↔ 0.00 ↔ -0.07 ▼ -0.08 ▼ -0.03 ▼ 0.02 ▲

NITTY

Rate (%) 6.9949 7.2368 8.0819 9.2061 9.5872 10.5042

1 2 3 6 9 12

Treasury Bills

Offer Yield 10.24 10.45 11.51 11.38 12.22 12.34 12.39 12.44

Change (%) 1.12 ▲ -0.27 ▼ -0.17 ▼ -0.11 ▼ 0.03 ▲ 0.42 ▲

Money Market

Maturity Date Discount Bid Yield Change (%) Discount Offer Yield Change (%) Rate (%) 7.67 7.82 -0.51 ▼ Open-Buy-Back (OBB) 3.83 30-Jun-16 7.92 8.08 -0.51 ▼ 6-Oct-16 8.59 8.34 8.71 -0.31 ▼ Overnight (O/N) 4.33 8.99 -0.31 ▼ 16-Mar-17 9.36 10.28 -0.07 ▼ 9.11 9.98 -0.07 ▼

Spot($/N)

Bid 199.14

Offer 199.24

Change (%) 0.57 ▲

NIFEX

Spot($/N)

Bid 199.0000

CBN Clearing Rates of January 7, 2016 Spot($/N)

196.00

197.00

0.00 ↔

vices. The news of the re-appointment of Skye Bank was contained in a letter signed by the State’s Accountant General, Alhaji Momoh Jibrin and addressed to the Group Managing Director and Chief Executive of the Bank, Tokunbo Abiru. The bank’s IGR and service mandates also cover states in the South South, South West, North Central and the South Eastern parts of the country. The bank has helped and still helps several states raise their revenue profile as well as block leakages in their tax administration system. Skye Bank Nigeria is cred-

Offer 199.1000

Change (%) -1.75 ▼ -2.08 ▼

Change (%) 0.00 ↔

ited to have developed IGR and employee biometric solution that has been deployed for the enhancement of IGR collections and abolition of Ghost worker syndrome in several states in Nigeria. Skye Bank has also assisted several states in Nigeria to execute transformative and life-impacting projects through enhanced Internally Generated Revenue (IGR) and plugged leakages and wastages from the hitherto rampant cases of ghost workers syndrome through, which several billions of naira were lost to hundreds and thousands of non-existent workers on the payroll of several states.

AfDB invests $9m to boost agriculture in Nigeria

As at

Description 15.10 27-APR-2017 16.00 29-JUN-2019 15.54 13-FEB-2020 16.39 27-JAN-2022 14.20 14-MAR-2024 12.50 22-JAN-2026 10.00 23-JUL-2030 12.1493 18-JUL-2034

revealed that only two banks, First Bank of Nigeria Limited and Ecobank Nigeria, had done some transactions with BDCs. A BDC operator, who requested anonymity, said, “ On Friday morning, We got a report that First Bank of Nigeria Limited and Ecobank Nigeria were selling and this led to the naira appreciating on the black market. However, by afternoon, we heard that the banks were not selling and this pushed the naira to N400 to the dollar.”

Skye Bank pledges improved IGR for states

Economic Indicators M2* CPS* INF MPR 91-day NTB Bonny Light Ext Res**

would help narrow the gulf between the official and parallel market rates and boost dollar liquidity. However, BDC operators who spoke with New Telegraph in Lagos, accused banks of failing to comply with the CBN’s directive. Although the Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, denied that banks had refused to sell remittances to the BDCs, investigations by New Telegraph at the weekend

he African Development Bank has approved a $9 million equity in the Fund for Agricultural Finance in Nigeria (FAFIN) to provide expansion capital to agricultural Small and Medium-sized Enterprises (SMEs). FAFIN is a first-generation private equity fund that provides financial, capacity-building and technical assistance to commercially viable SMEs in the Nigerian agribusiness sector, through a unique value chain-centric approach, and using a combination of equity, quasi-equity and convertible loan instruments. FAFIN implements its strategy and constructs its portfolio through a bifocal lens consisting of the twin objectives of competitive financial returns and measurable positive social impact. The German KfW Development Bank and the Government of Nigeria, through the Federal Ministry of Agriculture and Rural Development (FMARD), jointly sponsor the Fund. The Fund Manager is Sahel Capital (Mauritius) Limited, a fund management firm incorporated in Mauritius in 2013. The project is expected to deliver strong development outcomes from household benefits and employment through the creation of a large number of jobs and the provision of certain agricultural products. The project’s contribution to inclusive growth is expected to

be significant, given the large numbers of jobs to be created and out-growers to be reached at the level of sub-projects. Its contribution to green growth is expected to be low, because the Fund targets the agribusiness sector with some expected negative effects on the environment. The Fund’s primary focus will be on SMEs across the agricultural value chain with crop value chain and geographic diversification. It aims at fixing broken value chains to increase efficiencies, reduce post-harvest loss, and increase smallholder farmer incomes and SME agribusiness profitability. Investment instruments will be primarily quasi-equity (convertible bonds, preference shares and structured royalties) and direct equity. The ticket size ranges from $ 500, 000 to $ 5 million. The Fund is aligned with the Bank’s 10 year strategy focusing on inclusive growth, strengthening agriculture and food security, and access to local SME finance; which is encapsulated in the Bank’ High Five Development Agenda for Africa, specifically Feed Africa and Industrialise Africa. It is also in line with the Bank’s Strategy for Agricultural Transformation in Africa (2016-2025), Strategy on Jobs for Youth in Africa (2016-2025) and the Bank’s Country Strategy Paper for Nigeria (2013-2017), which supports an enabling environment for agriculture.

monDAY, AUGUST 8, 2016 NEW TELEGRAPH

FG arraigns Turkish Airlines over breach of law T he Federal Government has dragged the Turkish Airlines before a Federal High Court in Abuja over alleged criminal violation of the enabling law of the Consumer Protection Council (CPC) and for impunity. A statement from Head, Media, CPC, Abiodun Obimuyiwa, said the Attorney General of the Federation (AGF), Abubakar Malami, a Senior Advocate of Nigeria (SAN) filed a threecount charge against the airline and two of its principal officers, Liker Ayci and Rasak Shobowale, the airline’s Board Chairman and Commercial Manager respectively before Federal High Court 11 in Abuja. The prosecution came on the heels of the consistent refusal of Turkish Airlines to respond to lawful requests of CPC for a full situation report on the airline’s alleged shoddy treatment of passengers of Flight 623 from Istanbul to Abuja on 25th and 31st of December 2015 and 9thof January 2016, which prompted the Council to approach the Office of the Attorney General of the Federation for the prosecution of the airline. According to the charge list with number FHC/ ABJ/CR/147/21, the Federal Government alleged that the three accused persons between the 20th December

2015 and March 2016 “without sufficient cause, refused to provide the Consumer Protection Council documents on Turkish Airlines’ policy on delayed baggage”, thereby committing an offence punishable under section 18 of the CPC Act. The accused persons were also arraigned before the court for allegedly neglecting, without sufficient cause, to attend and testify before CPC on the number of passengers aboard Turkish Airlines Flight 623 from Istanbul to Abuja on 25th and 31st of December 2015

as well as 9th of January 2016, who were affected by its untimely delivery of baggage, thereby committing an offence punishable under section 18 of the CPC’s enabling law. The Federal Government also accused the airline and its two principal officers of violating the same section of the CPC Act by neglecting, without sufficient cause, to attend and testify before the consumer protection agency on the detailed steps taken by the airline to provide redress and compensation to pas-

sengers aboard its Flight 623 from Istanbul to Abuja on the said dates, who were affected by its untimely delivery of baggage. The AGF had, in a letter of March 17, 2016, signed on his behalf by the Director of Public Prosecution of the Federation, Mohammed Saidu Diri, threatened to prosecute the Turkish Airlines in the event of its failure to respond to the Council’s lawful demand for the full situation report, irrespective of the airline’s engagement with any other relevant agency.

any loyalists and supporters of the Deputy Speaker of the House of Representatives, Hon. Lasun Yusuff, numbering more than 1,000, yesterday afternoon formally disowned the embattled parliamentarian at a rally held in his hometown, Ilobu, headquarters of Irepodun Local Government Area of Osun State. That was even as pressure has continued to be mounted on him to deliver the southwest region in the

embers of the Nigerian Guild of Editors (NGE), the body of editors in the country, have restated their belief that agriculture remains the best alternative to revive Nigeria’s wobbling economy. This position was part of a communique issued at the end of a four-day 12th edition of

Abuja

enate President, Dr. Bukola Saraki, yesterday congratulated the Managing Director of New Telegraph newspapers, Mrs. Funke Egbemode, on her official confirmation as the President of the Nigeria Guild of Editors (NGE), during the guild’s 12th annual conference in Port Harcourt, last week. Saraki, in a statement by his Special Adviser, Media and Publicity, Yusuph Olaniyonu, in Abuja, noted that Egbemode, who is the Managing Director and Editor-in-Chief, New Telegraph Newspapers, is a square peg in a square hole, having risen through the ranks to get to her present position.

Philip Nyam Abuja

An over loaded vehicle with goods/ people on Bwari Kaduna Express Road …at the weekend

efforts of the leadership to mobilise signatures in support of the Speaker, Hon. Yakubu Dogara and others accused of padding the budget by the former Chairman of the House Committee on Appropriation, Hon. Abdulmumin Jibrin. Leading the decamped yesterday, former Supervisory Councillor for Works in the local government, Hon. Afeez Adebiyi, from Ward 3, said their decision to pitch their tents with the deputy speaker against the decision of the party has

denied them a lot of opportunities within the party, and that the character of their erstwhile leader has not justified their decision. Other leaders of the team also included Mr. Adebowale Yusuff and Azif Azeez from Ward 5, Lasun Yusuff ’s ward and Mustafa Musibau from Ward 1. They pleaded with the party to forgive them for joining the Yusuff-led faction of the APC. The crowd, which danced round three major communities of Ilobu, Ifon and Erin Osun, all

in the Irepodun/Orolu/ Olorunda/Osogbo Federal Constituency where Yusuff represents, first assembled at the constituency express their displeasure. The development had also denied the camp of the deputy speaker the avenue to hold its monthly meeting, which he was said to have arrived the town for on Saturday but some of the members who had come for his faction’s meeting were said to have been booed out of the venue by the decampees.

Agriculture, best option to revive economy – NGE Mojeed Alabi

Chukwu David

He said though the requirements of the new responsibility were herculean, he had no doubts about the ability of the new president to take the NGE to the next level. He said: “Egbemode is not just a technocrat and media executive of repute, she is a professional per excellence. She is a living example of the saying that ‘What men can do, women can do better,’ even though practitioners in the media are generally referred to as ‘gentlemen.’ “I believe that her confirmation as the new President will not only mark a positive turning point for the NGE, it would also serve as an inspiration for more Nigerian women to get to the height of the journalism profession,” he said.

Nigeria needs urgent budget reform – DG NILS

Budget padding: 1,000 supporters dump deputy speaker Mojeed Alabi

37 NGE: Saraki congratulates Egbemode News|NATIONAL

the Guild’s conference, which was successfully rounded off yesterday at the Presidential Hotel, Port Harcourt, Rivers State. In the communique issued at the end of conference and signed by both the newly appointed President of the Guild and the Secretary, Funke Egbemode and Victoria Ibanga respectively, the group blamed the poor state of the economy on

what it described as the nation’s over-reliance on oil and gas as sources of revenue for the country and concluded that there was urgent need to diversify the economy. The conference, which was chaired by a former Governor of Ogun State, Chief Olusegun Osoba and declared open by Rivers State Governor, Nyesom Wike, had the theme; “Economic Diversification: Agriculture As Option For A

Prosperous Nigeria.” The statement reads in part; “That agriculture is the most viable option to adopt to revive the nation’s economy, create employment for the army of unemployed youths and usher in prosperity for the country and its peoples. That agriculture has suffered serious neglect as a result of negative mindset, reliance on outdated methods and gross underfunding, among others.”

irector-General (DG) of the National Institute for Legislative Studies (NILS), Dr. Ladi Hamalai, has said that a budget reform bill is urgently required to address the challenges facing the nation’s budgetary process. Hamalai, who made this known at a training workshop on budgetary processes orgnised by the NILS for journalists covering the parliament in Abuja at the weekend, argued that unless there was a high level of connivance, it was not easy for funds meant for the implementation of National Assembly members’

constituency intervention to be diverted. She said the difficulty was due to the audit tracking system required to obtain payment certifications. The DG, however, agreed that the management of the annual budget, MTEF and development plans had been marred by the absence of efficiency, ineffectiveness and lack of transparency in planning and execution. According to her, “it is imperative at this point in time to initiate the process of introducing reforms through legislations in the budget process.” She said there was the need for reforms in the budgetary process as obtained in other climes.

Firm commences due diligence at Itapke mining site

ining and geological experts brought in by Global Steel Holdings Limited, at the weekend moved to the site of the National Iron Ore Mining Company (NIOMCO) Itapke. They however have begun due diligence which is the first plank of the modified concession agreement recently signed by the Federal Government and the world renowned steel making and mining conglomerate. The expatriates were joined at the site by Nigerian geologists and other engineering staff of NIOMCO as well as officials of the Federal Ministry of Solid Minerals Development, who were supervising the process. At a meeting, which took place at NIOMCO’s board room, the Managing Director, Global

Steel Holdings Limited, Dr. Samuel Nwabuokei, recalled that since after the agreement was signed, a team from the company had paid courtesy visits to the Governor of Kogi State, Alhaji Yahaya Bello and the Ohinoyi of Ebiraland, His Royal Majesty, Alhaji Ado Ibrahim, expressing happiness on how the two leaders gave them warm reception as well as stated support for the new concession.

£80,000 The weekly salary of Javier Hernadez of Real Madrid/Manchester United in 2014/2015. Source: Paywizard.co.uk

£16,000 The daily salary of Javier Hernadez of Real Madrid/Manchester United in 2014/2015. Source: Paywizard.co.uk

NEWS | south-west

Sola Adeyemo Ibadan

he Oyo State Chapter of the Trade Union Congress (TUC), has threatened to shut down the administration of Governor Abiola Ajimobi today following government's inability to pay workers’ six months, salary arrears. The action is sequel to the expiration of a five-day ultimatum that the union gave to the state government to pay all the arrears being owed the workers. But the government said it was impossible to pay the salary arrears in view of the dwindling nature of the Federal Allocation. Though the union under the Caretaker chairmanship of Andrew Emelieze, backed out of the similar industrial face-off between the Nigeria Labour Congress (NLC) and the government about two months ago, it yesterday decided to slug it out with Governor Ajimobi, whom it alleged was insensitive to the plight of the masses in the state. Of the seven months

monday, august 8, 2016 NEW TELEGRAPH

TUC threatens to shut down Oyo over unpaid salaries O

Osun retirees get N1.2bn bond certificates Adeolu Adeyemo Osogbo

salary the government was owing the workers which precipitated the last seven two months strike by the NLC led by Comrade Waheed Olojede, an agreement was said to have been reached that the strike be called off as the government had promised to pay two out of the seven months arrears. The government has however just paid one month salary about two weeks after their resumption, an action which

many workers said was a breach of the agreement and insensitiveness towards their plight. Speaking on a private radio station on Saturday, Emelieze had said "the TUC is going to shut down Oyo State on Monday (today) through a mass rally by workers. This is sequel to the expiration of the fiveday ultimatum we gave the government to pay all our outstanding salaries. “We cannot continue like this. The government cannot

claim that it cannot pay us our salaries because it is our statutory right. We are going to march on the Government Office to tell the Governor that workers are dying. We can no longer accept this in Oyo State", he said. Efforts to speak with the TUC boss yesterday failed as his mobile phone number was not available to ascertain whether the union was still poised to go ahead with the decision.

Reacting however, one of the media aides of Governor Ajimobi, Mr Akin Oyedele, said "the TUC had given us 5-day ultimatum since last week. We have told them that our books are open to the NLC and we are discussing with them on salary payment. If the TUC say they are coming tomorrow (today), let them come. Heavens will not fall. We don't have anything to hide and we have made it clear to the Labour union,” he said. Ijaw cultural group performing after the friendly match between Team Ijaw and Team Yoruba organised by Lagos Chapter of Ijaw Community in Lagos …at the weekend. PHOTO: NAN

34.97m

The total population of women of Dem. Republic of the Congo in 2012. Source: Un.org

sun State Governor, Ogbeni Rauf Aregbesola at the weekend presented N1.2billion bond certificates to retirees during the Contributory Pension Scheme programme, organized by the Local Government Staff Pension Bureau, at the Multipurpose Hall, Local Government Service Commission, Osogbo. He said in spite of the tough financial challenges following the dwindling of oil prices and depleted receipt from the Federation Account, the state had been committed to paying pensions and gratuities to retirees. He said: "In 2010, we committed N400million to pension. In 2011, we increased our monthly pension obligation to N250million and we paid N3billion that year. "By March, 2012 our pension obligation rose to N300million monthly which cost N3.5billion. But in December, 2012 about 5,000 retirees were added to the existing 9,000 pensioners in the state and in the following year, 2013, we increased our monthly pension to N520million and paid out N5billion in the same years."

Ondo varsities shut over industrial action

Osun PDP tackles Aregbesola on N70bn foreign debt

Akure

Adeolu Adeyemo

Babatope Okeowo

he management of the Ondo State owned universities; Adekunle Ajasin University, Akungba-Akoko (AAUA) and the State University of Science and Technology, Okitipupa (OSUTECH) have sent their students home on compulsory holiday over government's inability to resolve the industrial dispute with workers of the institutions. The state governor, Dr. Olusegun Mimiko had at

separate meetings with the leadership of the unions pleaded that lecturers of the two institutions should suspend their strike in the interest of the students. He, however, promised that their salaries would be paid as soon as they resumed work. But his entreaties were shunned by the striking lecturers, compelling the institutions’ authorities to direct their students to vacate the schools’ campus pending when the management would issue a contrary directive for their

return to school. The decision of the OSUTECH chapter of the ASUU was contained in a communiqué issued at the end of its congress and signed by the union’s chairman, Dr. Dipo Komolafe. In a three -point communiqué, which centered on the strike action, the union explained that the adamant attitude of the management /council of the university and the attitude of government were capable of permanently stopping academic activities in the university

Komolafe directed all ASUU members to sustain the strike action until all salaries and allowances due to staff of the university were fully paid while government should also ensure full payment of Earned Academic Allowance to deserving lecturers. Similarly, the AUUA lecturers said they would not resume work until their outstanding salary arrears in addition to payment of deductions which were also in arrears were paid by the Mimiko-led administration.

Oyo RTEAN petitions CP, raises the LCDA administrator denies plan to extend tenure alarm over bloody clash Sola Adeyemo Ibadan

embers of the Oyo State branch of the Road Transport Employers Association of Nigeria (RTEAN) in the Ibadan metropolis have raised the alarm over alleged threats by their rival National Union of Road Transport Workers (NURTW) to displace them from their parks and foment another round of bloody clash. There had been a violent clash between the two groups three weeks ago at the Iwo Road interchange,

Ibadan, where many people were injured and passers-by thrown into an unnecessary panic following power tussle over collection of tickets and control of motor parks. Although, the State Commissioner of Police, Mr. Leye Oyebade had since intervened in the crisis, members of the RTEAN according to a petition submitted to the police, now live in palpable fear, alleging that their rival union, NURTW members, had displaced them from their motor parks in 11 local governments in the state.

Muritala Ayinla

head of this year’s local governments’ election in Lagos state, politicians in Iru-Victoria Island Local Council Development Area (LCDA), have raised the alarm over an alleged plan by the Council Administrator, Princess Aderemi Adebowale to extend her tenure through the "back door." Governor Akinwunmi Ambode of Lagos State had warned in the state 57 sole Administrators to focus only on increasing the Internally Generated Revenue and desist from con-

testing the council polls. While swearing in the Council Administrators for the 20LGs and 37LCDAs in the state, the governor had charged them not to show interest in the local government poll. Contestants to the positions of the chairmanship in the council on different political platforms, include Hon. Akinwunmi Bayode, among others. But reacting to the allegation shortly after the Stakeholder's Forum organised by the council, Adebowale described the allegation as totally baseless and unfounded.

Osogbo

he Osun State Chapter of the Peoples Democratic Party (PDP), yesterday challenged Governor Rauf Aregbesola to explain what it described as sudden rise in the state's foreign debt profile from zero in 2010 to N70 billion as at April this year. The party, in a statement issued in Osogbo by its spokesperson, Prince

Diran Odeyemi wondered why this could be so, alleging fraud in the state’s debt profile. The party however demanded explanation as to why a state handed over with "no foreign debt burden and mere N8 billion domestic debt portfolio in 2010 November will, at the moment be hovering on the ditch of bankruptcy. Rather than resorting to name calling, Osun will expect clear explanation on this.”

Military/Civilian cooperation’ll tackle insecurity –GOC Babatope Okeowo Akure

he Nigerian Army has advocated militarycivilian cooperation in order to tackle violent crimes and insecurity in different parts of the country. Speaking at the weekend during the presentation of communication equipment to the Nigerian Army by an industrialist, Prince Rotimi Ibidapo, the Brigade Commander of the 323 Artillery Brigade, Akure, Ondo State capital, Brigadier-General Charles Ofoche said the military and other

security agencies would continue to protect the state's territory from any criminal minded people. However, he said the military and other security agencies needed the support and cooperation of the citizens in order to tackle insecurity in the state. Ofoche, who commended Ibidapo for the gesture said the equipment would be judiciously used for the effective communication in the brigade and also help in strengthening security in the state as peace remains crucial to the development of any community.

monday, august 8, 2016 NEW TELEGRAPH

Charles Onyekwere ENUGU

nugu State Chapter of the All Progressives Congress (APC), has reassured Rev. Ejike Mbaka of the Adoration Ministry, Enugu, that President Muhammadu Buhari will not disappoint Nigerians in providing the expected democracy dividends to them. The party, in a statement signed by its Publicity Secretary, Mrs Kate Offor, said the President will not fall short of the expectations of Nigerians because he was committed to lifting the country out of misery. The party noted that the immediate past PDP government did a lot of irreparable damage to the socio-economic life of Nigeria which Buhari will fix with time. The statement reads in part: "Let us once more salute Reverend Father Ejike Mbaka, the crusader of the masses, liberation ideologue and Head, Adoration Ministry, Catholic Church Enugu State; for speaking truth to power, as evidenced by his unrelenting attack on those in power and his memorable prediction of President Muhammadu Buhari's

south-east | news

group proscribed for signing APC to Mbaka: Buhari will Women unilateral MoU with herdsmen not disappoint Nigerians T victory on January, 2015. "We wish to reassure Fr. Mbaka that President Buhari will not in the fullness of time disappoint Nigerians or fail to fix our dilapidated social and physical infrastructure. Never! Buhari is devotedly committed to pull Nigerians out of poverty, hunger and squalor. "We agreed completely with Fr Mbaka that 'it is not easy everywhere. Hunger is everywhere. Hunger is in the atmosphere. There is a sword moving about in the country. People are dying like flies. The sword of hunger is eating the land. "We also agree with him that, 'The past PDP government was a grasshopper and locust to Nigeria. The past government was a disaster to the land of Nigeria. The past government was cancer to this country. There is no need to cover their incalculable and iniquitous mess. "For us yesterday and for true reality is the architecture of today and nobody can wash yesterday away. Therefore, Fr Mbaka is correct in stating that the past regimes sowed the

whirlwind we are regrettably reaping today. “If the $16 billion expended on power supply was prudently expended; if the three Greenfield Refineries awarded on 13 May, 2010 was not dead and fund decayed in the sand; if the $8.3billion spent on the old gauge Lagos-Kano Railway were for standard gauge; if the EnuguOnitsha, Enugu-Port Harcourt, 2nd Niger Bridge and other federal roads monies budgeted were not eaten by locust; if the monies meant for Enugu coal were not embezzled and if the billions budgeted for our schools and hospitals did not grow wings; hunger couldn't have been in

the land, unemployment could have been drastically reduced and our prosperity could have been guaranteed. "For the avoidance of doubt, we the members of the All Progressives Congress (APC), Enugu State and by extension Nigeria, feel the pains and pangs of hunger, feel the gruesome hardship and abject poverty ravaging the land. We are not immuned to hunger and the gross unemployment dislocating our youths. "To be candid, in our close door meeting with Mr President, he disclosed that he is aware, concerned and worried over the sordid economic situation."

he people of Afikpo North Local Government Area of Ebonyi state otherwise known as Ehugbo, yesterday proscribed a group identified as Nzuko Inyom Ehugbo, for signing a Memorandum of Understanding (MoU) with Fulani herdsmen. The MoU was allegely endorsed by the proscribed group in the area for grazing of their cattle without the consent of traditional council of elders and other relevant stakeholders. This is even as the traditional ruler of Ohaisu autonomous community in the area, His Royal Highness Ewa Elechi, escaped dethronement by the people for allegedly directing the women group to sign

the MoU. The monarch however denied giving any directive to that effect. Rising from their enlarged meeting held at Ogo Amaelu Amaelu Amangballa play ground, the people under the umbrella of Ehugbo General Assembly, described the MoU signed by Mrs. Felicia Egwu and Mrs. Grace Alu Oti , the representatives of the women group, with the herdsmen as betrayal and an affront. They said the action of the women group was condemnable because it had earlier been resolved that cattle should not pass through farmlands owing to constant destruction of crops without compensation which had brought untold hardship to people of the area. According to them, “The duo of Mrs. Grace Alu Oti and Ezinne Felicia Egwu were neither appointed, nominated, elected nor directed by Ehugbo people to act, represent or work for and or on behalf of the people in any capacity including going into any memorandum of understanding with one, Alhaji Dabo Ardo, leader of cattle owners in our area.

2,230

CONFIRMATION/change OF NAME

EGBOBI

I, Formerly known and addressed as Egbobi Theophilus now wish to be known and addressed as Egbobi Theophilus Nwabueze. All former documents remain valid. General public take note.

Ekelojuoti

This is to confirm that Olawale Wahab and Ekelojuoti Olawale Wahab is the same person now wish to be known and addressed as Ekelojuoti Olawale Wahab. All former documents remain valid Skye Bank, Fcmb Bank and the general public please take note.

PUBLIC NOTICE

PRECIOUS STONES MINISTRIES INTERNATIONAL

The general public is hereby notified that the above named Church has applied to the Corporate Affairs Commission for Registration under Part “C” of the Companies and Allied Matters Act 1990. The Trustees are: 1. Pastor Olagundoye Isaac Kayode - (Chairman) 2. Mrs. Adebimpe T. Akintade (Sec.) 3. Mrs. Awodiji H. O. (Treasurer) 4. Mrs. G. Esho 5. Mrs. Olagundoye Bosede E. 6. Mrs Oluwatoyin Adeleke AIMS AND OBJECTIVES ARE: 1. To preach the undiluted words of God. 2. To usher souls into the Kingdom of God. 3. To proclaim and teach about the path way of salvation and deliverance. 4. To teach on the principle of giving and love among brethren. 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: ADEBIMPE O. AKINTADE (Secretary)

PUBLIC NOTICE

GOSPEL TRUTH BIBLE MISSION

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 Trustees are: 1. Pastor Adeleye Adeniyi 2. Mrs. Adeleye Olabisi Toyin 3. Emmanuel Taiwo Olanrewaju AIMS AND OBJECTIVES ARE: 1. To preach the gospel of our Lord Jesus Christ 2. To proclaim and teach about the path way of salvation and deliverance. 3. To usher souls into the Kingdom of God. 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

Catholic Knights during the sacrament of confirmation of Catholic faithful by the Archbishop of Abuja, John Cardinal Onaiyekan at the Saint Peter Clever Chaplaincy, University of Abuja's permanent site in Abuja …yesterday. PHOTO: NAN

Transporters want more security presence on highways Kenneth Ofoma ENUGU

ajor transporters in Nigeria, under the aegis of Association of Luxury Bus Owners of Nigeria (ALBON) and the Association of Mass Transit Operators of Nigeria (AMTO) have called for increased security surveillance on Nigerian roads. The transporters, after a joint meeting in Enugu said that the call became necessary due to the deplorable state of the roads and increasing insecurity on the nation’s highways.

They however called on the Acting Inspector General of Police, Idris Ibrahim, to provide 22-hours police patrol on the major flash points on highways across the country. They also decried the multiple taxation imposed on their members by the various states and local government areas across the country, saying it was seriously affecting their business. The resolution signed by President and Secretary of ALBON, Sir Dan Okemuo and Hon Frank Nneji (OON), as well as the President and Secretary of AMTO, Chief

G. N. Inyiaba and Comrade Duhu Francis Ede ,respectively, called for a downward review of the taxes and levies. “The Federal Government should carry out urgent repair works and maintenance on all arterial roads across the country,” they pleaded. The two bodies equally appealed for a reduction of import duties on all commercial vehicles, their spare parts and tyres saying despite all the difficulties transporters were facing in their operations and the prevailing inflation in the country, they had not increased the transport fare.

Anambra targets 2.6m for immunisation Pamela Eboh Awka

nambra State Commissioner for Health, Dr. Joe Akabuike, has expressed the readiness of the government to have 2.6 million persons immunized during the 2016 first round of Maternal, Newborn and Child Health

Week (MNCHW) which commences today in many health facilities across the state. Addressing journalists in Awka yesterday, the commissioner said the campaign was targeted at 275,606 pregnant women, 1,212,666 women of child bearing age, 992,181 children between the ages of

6 to 59 months who would be supplemented with Vitamin A and 220,485 children of age 0 to 11 months. He also added that 9 months old babies will be vaccinated against measles and yellow fever, while pregnant women of child bearing age would be administered with Tetanus Toxide (TT).

The total area (in sq. km) of water of Thailand. Source: Worldfactsandfigures.com

Ebonyi uncovers five illegal miners Uchenna Inya ABAKALIKI

bonyi State Commissioner for Solid Minerals, Chief Donatus Njoku, has said that the activities of five illegal miners operating in Abakaliki has been uncovered by the government. He made this disclosure while reacting to the three months deadline given to mineral resources speculators by the Federal Government to register or have their licenses terminated. The commissioner said he had forwarded the names of the illegal miners to the Federal Ministry of Solid Minerals for necessary action after thorough investigations. Njoku said government will no longer tolerate activities of such operators at the expense of public interest. He described the state as investment destination especially for miners and stressed that the area had abundant deposit of limestone, zinc, marbel and lead.

News|south-south

Tony Anichebe UYO

etirees, irrespective of arrears of gratuity owed them by the Akwa Ibom State Government, will have to exercise more patience for the federal government allocations to the state to improve before their arrears of gratuity are settled, finance commissioner, Mr. Akan Okon, has said. He said that Governor Udom Emmanuel was very transparent and accountable in whatever he wanted to do, adding that the government had to do things differently from the way it used to do during the period of abundance, so that everyone would enjoy and benefit from the current economic realities of the country. According to him, the allocation that was meant for local government activities from bank accounts coming to Akwa Ibom was barely enough to pay for primary school teachers, who were working, and the staff, not to talk of the pensioners.

Unpaid salaries: A’Ibom appeals to workers, retirees Okon, who spoke at the weekend at an interactive session between the joint Akwa Ibom State House of Assembly committees on education and labour matters and stakeholders in the education sector in response to petitions forwarded to the House by some aggrieved persons and groups over the nonpayment of their salaries and allowances by the state government, said government was prioritising anything it wanted to do now with the lean resources in its possession. Some of the stakeholders at the meeting included retired primary school teachers, some lecturers in the College of Education, AfahaW-Nsit who

N539.63bn The total revenue of 2015 Government Quarterly Target from Non-oil taxes for the 2015 Q2. Source: Firs.gov.ng

said their salaries and allowances were stopped in June 2013, the All Nigeria Conference of Principals of Secondary Schools (ANCOPSS) as well as the Council of Unions in the state-owned tertiary institutions among others. It would be recalled that pensioners drawn from the 31 Local Government Areas of the state recently took to Wellington Bassey Way in Uyo, the state capital, carrying placards with different inscriptions to indicate that they had not been paid for months. The finance commissioner said Governor Emmanuel, upon assumption of office, paid gratuities at the local government level owed between 2002 and

27.61

The average age of football players in Italy in the 2013-2014 season. Source: Football-observatory.com

2015. He said: “The kind of governor we have today, Governor Udom Emmanuel, is very passionate about the welfare of civil servants, the primary school teachers and all the people that are working under government. “He resumed on May 29, 2015. In June, he made sure money was available to clear arrears of 10 years. For me, I believe that gave hope. If he could pay 10 years, what is in three years?” Okon maintained that the state is in a very challenging time where revenues have gone down as a result of the fall of prices in the international oil market, where oil is the state’s major source of revenue. “A situation that we used to receive, in some months N20b, some months N30b; and now some months we receive N5b and we have a wage bill of N4.8b…

monDAY, AUGUST 8, 2016 NEW TELEGRAPH

Underdevelopment: Apologise to your kinsmen, Delta group tells ex-minister Yekeen Nurudeen ABUJA

socio-political organisation, Concerned Anioma Patriots (CAP) has called on a former Minister of Defence and chieftain of the People Democratic Party (PDP), Chief Chris Agbobu, to apologise to his kinsmen from Delta North for the party’s involvement in under-developing the region for the past 17 years. The organisation was reacting to comments by the ex-minister over the state of affairs in Delta State under PDP. A senior citizen of Anioma, Chief Hyacinth Enuha, had accused the administration of Governor Ifeanyi Okowa, of worsening the condition of Delta North, his (Okowa’s) Senatorial District.

I’ll continue to fulfill my mandate, Dickson tells Bayelsans Chris Ejim YENAGOA

ayelsa State Governor, Hon. Henry Seriake Dickson has promised that, despite the dwindling finanL-R: Akwa Ibom cial resources occasioned State Deputy by the general economic Governor, Mr downturn, his adminisMoses Ekpo; tration would continue to Senate Minority fulfill its obligations to the Leader, Godswill people of the state, espeAkpabio and cially the workforce. Speaker, Akwa Governor Dickson, Ibom State House who gave the assurance of Assembly, Hon in his opening remarks at Onofiok Luke, the 62nd State Executive during the 29th Council meeting in YenaAnniversary goa, stated that the govcelebration of Mboho Mkparawa ernment would continue Ibibio, in Uyo …at to do its best to deliver on its mandate of providing the weekend. quality infrastructure, social amenities and welfare of the citizenry. He however commended do Augustine, remarked the public service and the that the days of the Peo- entire people of the state ples Democratic Party for their support and un(PDP) in Ndokwa nation were numbered.

SDP chieftains berate Delta lawmakers Dominic Adewole ASABA

chieftain of the Delta State chapter of the Social Democratic Party (SDP), Hon. Edemanya Felix, yesterday carpeted the state’s legislators, accusing them of being subservient to the executive arm of government. This came after the Speaker of the state House of Assembly, Rt. Hon. Monday Igbuya, lambasted those peddling such speculation, maintaining that the House would remain loyal to Governor Ifeanyi Okowa in as much as the Governor was keeping pace with his prosperity agenda. But the SDP chieftain who spoke in Kwale, Ndokwa axis of the state, wondered why the lawmakers had been bootlicking in the past one year.

According to him, the lawmakers should have called the governor to order over the parody of democracy going on in the state. He said: “The legislators in Delta state have abandoned their primary responsibilities of law making and oversight functions to become stooges to the executive arm.” Felix took a swipe at the Speaker, who he described his leadership style of “I concur”, as an embarrassment. He said: “I must say that this current House of Assembly is an embarrassment to the entire Deltans. I learnt the other day that the Speaker has already endorsed Governor Okowa for second term. How can a leader of a legislative arm of government debase the arm of government to that extent?” He said except something is done urgently, the

legislative arm of government in the state would be completely swallowed. Also, a leader of the party, Comrade Ikwuobo-

Socio-cultural organisations, agents of development, says Emmanuel Tony Anichebe UYO

kwa Ibom State G ove r n o r M r. Udom Emmanuel has described socio cultural organisations as catalyst of development, saying that the patriarch of Ibibio Union has contributed tremendously in the creation, unity and development of the state. Governor Emmanuel stated this shortly after his induction as member of Mboho Mkparawa Ibibio during the 29th anniversary of the

socio-cultural organisation held at Mboho Mkparawa Ibibio International Secretariat/ Community Centre in Uyo yesterday. Governor Emmanuel observed that socio cultural-organisations, like Mboho Mkparawa Ibibio, Esu Ulap Oro, Ati Annang, Afigh Iwaad Ekid and others, were progenies of the Ibibio State Union, adding that the Mboho Mkparawa Ibibio was “an iconic off-shoot of our celebrated fore runners who placed service above self for the collective benefit of the people.”

Agbobu, responded, using abusive language to defend PDP. But CAP in a statement by its Chairman, Smart Ajaja, General Secretary, Martin Nwaokobia and Public Relations Officer, Fusia Ofuasia, issued in Abuja yesterday insisted that Okowa’s regime had underdeveloped Delta North more than the governments of James Onanefe Ibori and Emmanuel Uduaghan. “It is common knowledge that PDP underdeveloped Delta state. Well-meaning Deltans are joining forces in the state. It will no longer be business as usual. The opposition in Delta state will do its job of holding the Delta state government constructively accountable as Chief Enuha has done.”

derstanding in spite of the difficult times stressing that, the government will keep faith with its policies and programmes geared towards making life more meaningful for Bayelsans. “I want to express my gratitude to Bayelsans for their support, understanding and prayers offered for the peace and development of the state. Government will continue to meet its obligations to the expectations of our people. “Particularly, I want to also thank the public service for their support and understanding to bear with us in our trying moments. “Though the economic downturn experienced in the state is due to the dwindling national economy, the government is working very hard to turn things around by diversifying the economy of the state,” he said.

Abe warns Wike against false corruption allegation

Emmanuel Masha PORT HARCOURT

enator Magnus Abe, the All Progressives Congress (APC) candidate for the Rivers South East Senatorial District in the legislative re-run election, has warned Governor Nyesome Wike against making false corruption allegations against him. Abe, who gave the warning while speaking to scores of APC supporters in Ataba town in Andoni Local Government Area, during the burial ceremony of late elder Caleb Simon Benjamin Ogbologugo, said there was no time in his politi-

cal career that he diverted funds meant for projects. Wike recently alleged that Abe diverted funds meant for schools and hospitals construction in Ogoni to personal use, an accusation that Abe noted was aimed at tarnishing his image. Abe said that his name was not associated with corruption but of service, idea generation and sound intellect, and warned “that people should not forget their past easily”. He said: “You know, he is a governor and I am not a governor. But Rivers people know him and they know me.”

News|north

monDAY, AUGUST 8, 2016 NEW TELEGRAPH

Ganduje sacks Accountant General Muhammad Kabir KANO

overnor Abdullahi Umar Ganduje of Kano State has relieved the state Accountant General, Dr. Danjuma Adamu of his job. The decision by Ganduje is believed to be at the behest of members of the Kano State House of Assembly. It would be recalled that the lawmakers on June 20, 2016 passed a vote of no confidence on the Accountant General based on claims that he lacked the wherewithal to oversee the finances of the state. The lawmakers accused Adamu of ignoring several calls by the Assembly to explain some issues relating to the finances of the state, and that he doesn’t keep

financial record of the state because he was not well grounded as a professional accountant. Our correspondent gathered that on August 2, the State House of Assembly wrote a letter of reminder to governor Ganduje to get the rid of Dr. Adamu. Investigations revealed that the lawmakers became uncomfortable with Adamu who is a known ally of the immediate past governor of the state, Senator Rabiu Musa Kwankwaso, to identify with Ganduje’s developmental agenda for the people of Kano State. Kano State Commissioner of Information and Internal Affairs, Muhammad Garba, in a terse statement confirmed the sack of Adamu.

Benue Assembly receives 220 petitions on bailout mismanagement Cephas Iorhemen MAKURDI

he Committee on Public Petitions, Bills Review and Appraisal of the Benue State House of Assembly at the weekend said it was in custody of 220 petitions bordering on non-payment of salaries as a result of the mismanagement of the bailout funds. It also said N86 million released to the leadership of the Assembly for the purchase of computers for the biometric exercise in the state were never utilised, insisting it was not part of the House’s func-

tions to carry out biometric exercise. Chairman of the committee, who is also a member representing Logo State Constituency, Hon. Kester Ikyenge, disclosed this during his constituency briefing at Anyiin, headquarters of Logo Local Government Area of the state at the weekend to mark his one year in office. He said the House had no business embarking on an exercise for which it was not trained to carry out, adding that up till date, no computer had been purchased for the said exercise. Speaking further on the 220 petitions, Ikyenge

said his office, which was in a dilapidated state, was daily inundated with pensioners and local government staff over issues bothering on salaries and pension for which the state government was currently owing pensioners for over 11 months. Ikyenge also informed his constituents that he was being victimised by his colleagues for his position on the shoddy manner the House leadership handled the controversial N750 million used for the purchase of cars. The lawmaker further explained that he was offered less than what was

earmarked for the purchase of his official car, which he turned down, adding that principal officers of the House took offence when he reported the matter to Governor Samuel Ortom. He maintained that in the last one year, he sponsored the payment of Senior Secondary Certificate Examinations (SSCE) of about 100 students and the rehabilitation of about 40 boreholes across the constituency, among many others. Speakers at the occasion commended the action of the lawmaker and pledged to support him.

Plateau harps on agriculture to diversify economy Musa Pam Jos

lateau State Governor, Simon Lalong, has restated his administration’s commitment to turn around the economic fortunes of the state through harnessing its huge potential in agriculture. Lalong spoke in Port Harcourt at the weekend in a statement by his Senior Special Assistant on Media and Publicity, Mr. Mark Longyen, at the 12th All Nigeria Editors’ Conference, with the theme; “Economic Diversification: Agriculture As Option For A Prosperous Nigeria.” The statement said the government was leveraging on the benefits of public and private investment through private sector partnership to achieve the goal of diversifying its economy from reliance on oil revenue to agriculture to achieve food

security. It said government’s decision to engage in massive agricultural ventures through public and private sector partnership was deliberate to ensure that agriculture became the driver of a mixed sector economy for job creation. “To this end, the Plateau State Government, in partnership with the World Bank Support Scheme, established Fadama Micro-Finance Bank in November, 2015, awaiting final CBN licensing.”

Ilorin

wara State government yesterday said it has disbursed over N430 million as subvention to seven of the state-owned tertiary institutions in 2016, noting that an outstanding balance of N87 million will be released this month. The beneficiary institutions include the Kwara State University (KWASU); Kwara State Colleges of Education in Ilorin, Oro and Lafiagi; Kwara State College of Arabic & Islamic Legal Studies; Kwara

PHOTO: DAN ATOR

30.65% Army flays killing of officers in Niger

The capital importation percentage share of Shares of Nigeria in 2008. Source: National Bureau of Statistics

34.6m

The total population of men of Dem. Republic of the Congo in 2012. Source: Un.org

Kwara disburses N430m to state-owned tertiary institutions Biodun Oyeleye

The General Officer Commanding, One Division, Nigeria Army, Major General Adeniyi Oyebade (middle), inspecting a cache of arms and ammunition recovered from bandits in Minna... yesterday.

State College of Nursing, Oke-Ode and the Kwara State School of Nursing and Midwifery, Ilorin. Commissioner for Finance, Alhaji Demola Banu, who disclosed this in a statement made available to newsmen, said the government had reviewed the subvention accruing to the institutions by deploying mechanisms to block loopholes and wastages in the system. He further said that after the review, it became obvious that the internal revenues generated by some of these institutions were enough to meet their financial obligations.

Dan Atori MINNA

he Nigerian Army yesterday condemned the killing of officers and men of the military by bandits in villages located in Bosso Local Government area of Niger State and the continuous negative criticism by some people. Addressing journalists yesterday in Minna, the General Officer Commanding (GOC) 1 Division of the Nigerian Army, Major General Adeniyi Oyebade said

even though the military lost 11 of its men, the operation in Kopa, Dagma and Gagaw villages of Bosso Local Government Area of Niger State saved the lives of millions of Nigerians. According to him, “if the weapons recovered in the communities had found its way outside the state, a lot of lives would have been lost. Those who are busy criticising and condemning us unjustly don’t even realise how we have saved millions of lives. Are they even aware of these weapons in the possession of

these bandits that attacked us,? Oyebade queried. “They killed 11 soldiers, including a 2nd Lieutenant while one officer is still missing. The operation came about because of intelligence report about gun runners who have been bringing and selling crude and sophisticated weapons to robbery gangs that have been terrorising people. “Our actions saved the lives of millions in Nigeria and Niger State. Imagine if those weapons have been allowed to spread across the state, many people would

have been maimed.” He added that despite the loss of some soldiers during the operation, the army will not be deterred and distracted in getting rid of every criminal element in the state and nation. Accordingly, he said: “In the course of the engagement, seven bandits were killed and 57 others arrested. Several weapons, crude and sophisticated weapons were recovered. Imagine if these had found their way into other communities; imagine the lives that would have been lost.”

Sokoto’s N780m women entrepreneurship centres ready soon S okoto State government said at the weekend that it has released N155 million for the completion of the construction of the women entrepreneurship development centres in the 23 local government areas of the state. It said when completed, the centres will serve as research and training facilities with a view to empowering women, enlightening the public on gender-relat-

ed issues and the rehabilitation of inmates. A statement issued in Sokoto by the spokesman of Governor Aminu Tambuwal, Malam Imam Imam, said the N780 million model centres are expected to be put to use in the second quarter of 2017. Meanwhile, at least 100 women have benefited from the N50, 000 grants given to each beneficiary by the Sokoto State Small

and Medium Scale Enterprises Development Agency (SOSMEDA) under its conditional cash grant to extremely poor citizens in the state. The funds were distributed in Sokoto by the Commissioner for Women Affairs, Hajiya Kulu Sifawa and the SOSMEDA Director General, Turai-Jummai Alhassan. Specifically, the centers are designed to train wom-

en in sewing, knitting, catering services, as well as adult provision of education lessons. “In recognition of the importance of women development centers in poverty eradication and economic development of women in Sokoto, Governor Tambuwal approved the payment of outstanding liabilities to contractors to enable them move back to site to complete the centres.”

WORLD \ NEWS

undreds of thousands of Turks gathered in Istanbul yesterday summoned by President Tayyip Erdogan to denounce a failed coup - a show of strength staged in the face of Western criticism of widespread purges and detentions. The “Democracy and Martyrs’ Rally” at the Yenikapi parade ground, built into the sea on the southern edge of Istanbul’s peninsula, marks the climax of three weeks of nightly demonstrations by Erdogan’s supporters, many wrapped in the red Turkish flag, in squares around the

Turkey’s president stages mass rally in show of strength after failed coup country. Banners in the crowd read “You are a gift from god, Erdogan” or “Order us to die and we will do it”. But it was also the first time in decades that major opposition parties joined a rally in support of the government in the nation of almost 80 million. “We’re here to show that theses flags won’t come down, the call to prayer won’t be silenced,

Several killed as Ethiopia police clash with protesters

everal people are feared dead in clashes in northwestern Ethiopia between police and anti-government protesters, amid a wave of unrest. Friday police arrested dozens of demonstrators during massive rallies in the capital, Addis Ababa. The government has been facing protests from the two largest ethnic communities over alleged human rights abuses and other issues. Authorities have banned demonstrations and blocked social media. Despite the ban, people took to the streets in several parts of the country for a third consecutive day yesterday, Emmanuel Igunza reports from Addis Ababa. The worst violence took place in the north-western

city of Bahir Dar in the Amhara region - the homeland of the Amhara people. Police used tear gas and fired in the air to disperse thousands of people who had blocked roads and chanted antigovernment slogans. Unconfirmed reports say several people were killed. One resident told the BBC he had seen a friend being shot in the head by security forces. Overnight protests continued in the Oromia region, which surrounds Addis Ababa, with police arresting dozens of people. The unrest was sparked last November by a plan to expand the capital into Oromia. This led to fears farmers from the Oromo ethnic group, the largest in Ethiopia, would be displaced.

Syrian rebels break government siege of Aleppo

ebel factions in Syria say they have broken a weeks-long government siege of Aleppo, amid scenes of rejoicing in the crucial northern city. Sources close to government forces denied that they had been pushed aside and said they had driven the rebels back from an artillery base. UK-based activists say the rebels have indeed managed to link up with their comrades in eastern Aleppo. But the rebels have so far failed to establish a secure route, they add. There were sporadic clashes and air strikes on Sunday morning, after the reported ending of the siege, monitors said. Govern-

ment forces cut Aleppo’s rebel-held areas off in July, with some 250,000 people living under siege. Rami Abdel Rahman, head of the Syrian Observatory for Human Rights, a UK-based activist group, said the rebels had broken the siege but the route was “not fully secure yet”. Friday, the rebel groups said they had stormed an artillery base in the city. But the Syrian army said it had repelled the assault and inflicted heavy casualties on the rebels. Meanwhile, a US-backed alliance of Kurdish and Arab fighters seized most of Manbij - a key Syrian city - from so-called Islamic State.

China launches first mobile telecoms satellite from Beijing

hina has launched its first mobile telecommunications satellite. The Tiantong-01 satellite will establish a mobile network serving China, the Middle East, Africa and other areas, the state run Xinhua news agency reported. It was sent into space after midnight local time in Beijing (16:00 GMT) yesterday. The ground service will be operated by China Telecom, which is owned by the Chinese state. The country is also preparing for the next round of its manned space mission. Saturday two launch rockets

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

arrived at a launch centre in northwest China. They will carry a second module of the country’s planned space station - replacing Tiangong 1 which has ended its service - and a staffed spacecraft called Shenzou-11. China sent its first astronaut into space in 2003, and since then has taken huge advancements. The head designer of China’s lunar missions told the BBC earlier this year that China plans to settle on the Moon and explore Mars. The country’s space programme is led by the military.

and our country won’t be divided,” said Haci Mehmet Haliloglu, 46, a civil servant who traveled from the Black Sea town of Ordu for the rally. “This is something way beyond politics, this is either our freedom or death,” he said, a large Turkish flag over his shoulder and a matching baseball cap on his head. Erdogan has vowed to rid Turkey of the network of U.S.-

based cleric Fethullah Gulen, whose followers in the security forces, judiciary and civil service he accuses of orchestrating the attempted power grab and of plotting to overthrow the state. The cleric was an ally of Erdogan in the early years after his AK Party was elected in 2002. He has denied the charges and denounced the coup which came at a critical time for a

NATO “frontline” state facing Islamist militant attacks from across the border in Syria and an insurgency by Kurdish rebels. Tens of thousands of people have been suspended, detained or placed under investigation since the plot - including soldiers, police, judges, journalists, medics and civil servants - prompting concern among Western allies that Erdogan is using the events to tighten his grip on power.

There have been several events held to promote the referendum by the government.

Thais approve new constitution in referendum

ritics say the constitution is undemocratic and cements the military’s hold on democracy in Thailand. Thailand has voted to accept a military-backed constitution, according to results based on more than 90 percent of votes counted yesterday. Al Jazeera correspondent Wayne Hay, reporting from Bangkok, said that 94 percent of the votes have been counted so far and 61.4 percent had voted in favour of the military-drafted constitution while 38.6 percent had voted against. Voter turnout was just over 50 percent. Full results from the referendum are due Wednesday. “In any normal situation, or course, you would say, well that’s democracy and that’s how things work, a turnout of over 50 percent is a fairly clear margin - case closed,” Hay said. “But, of course, this was not a normal situation. “In the lead-up to this refer-

endum there were some very harsh laws put in place by the military government preventing, banning any public debates or criticism of the referendum or the constitution. Indeed many people were arrested,” Hay said. “So to a certain extent, for opposition figures, for critics of the military, there was something of a climate of fear leading up to this. So it certainly wasn’t a normal situation.” Critics, including Thailand’s major political parties, have said the constitution is undemocratic. The vote now paves the way for a general election promised by the military government in 2017, but the newly-adopted constitution requires future governments to rule on the military’s terms. The most divisive clauses in the constitution calls for a military-appointed senate - including six seats reserved for military commanders - which will act as a check on elected members of parliament. Crit-

ics fear the appointed senate will straitjacket elected politicians. One clause in the draft constitution also allows for an unelected prime minister to take power in the event of a political crisis - which is what happened when Thailand’s army chief Prayuth Chan-ocha, now prime minister, grabbed power in a coup in 2014. After casting his vote in Bangkok earlier yesterday, Prayuth urged people to vote, adding “this is democracy so all eligible voters please come out”. Ironically, Prayuth had banned open debate on the constitution and scores of people were arrested in the leadup to the vote. The preliminary results also starkly illustrate Thailand’s bitter geographic divide. Only the impoverished and rural northeast of the country - a region that has voted in droves for successive governments turfed out by the Thai army - voted against the charter.

Oscar Pistorius treated in hospital after slipping in cell

ailed South African Olympic athlete Oscar Pistorius has received treatment in hospital for wrist injuries. A prisons spokesman said the injuries were “minor” and he had been returned to prison after late Saturday’s incident. Carl Pistorius said on Twitter his brother had “slipped in his cell” and reports he had injured himself intentionally were “completely untrue”. The athlete is serving a six-year sentence for murdering his girlfriend Reeva Steenkamp in 2013. Last month, prosecutors said

the sentence was too lenient and they would appeal. Earlier yesterday, a report by City Press quoted an unnamed security guard at Kalafong Hospital in Pretoria as saying the athlete had wounds to his wrists that had been bandaged. It said blades had been found in a subsequent search of Pistorius’s cell. Carl Pistorius said he had visited his brother, who was “doing well given the circumstances”. “He slipped in his cell and injured himself, nothing serious,” he said, adding that suggestions of a suicide attempt

were “completely untrue and sensational”. The 29-year-old athlete was initially given a fiveyear term for manslaughter, but was found guilty of murder on appeal last December. He had admitted killing Ms Steenkamp, 29, but said he mistook her for an intruder at his home in Pretoria. Pistorius was once one of the world’s most admired sportsmen, inspiring millions with the way he overcame his disability to achieve athletic success. He won six Paralympic gold medals and, at London 2012, became the first athlete to compete in both the Paralympic and Olympic Games.

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

Sport News

Did you know?

Sport

That the Olympic symbol represents the union of the five continents and the global meeting of athletes at the Olympic Games

Ighalo relishes pre-season goal

International Iwobi, Akpom, Iheanacho score as Arsenal beat City

44 45

Exclusive:

Olympics saga: Siasia threatens to quit

…decries intrusion from ministry Emmanuel Tobi

Mikel (right)

resh facts that emerged from the U-23 Eagles’ camp in Maunus, Brazil revealed that Head coach, Samson Siasia, is ready to quit his job halfway into the Rio 2016 Olympics following intrusion from top officials from the Sports Ministry. New Telegraph can exclusive report that Siasia who led Nigeria to winning silver medal at the 2008 Olympics , is not comfortable with top officials of the ministry who are trying to frustrate his efforts and are bent on dividing the team. “The coach has been calm because of the players who have endured hardship with the team but he is ready to quit if this unending efforts to sabotage his work does not stop,” our source

said. “Nigerians should know that a lot of people are working against the U-23 Eagles and Siasia is very upset but he has been keeping his cool and that is why he has not replied any of the accusations coming from the Sports Ministry and the minister, Solomon Dalung,” our source added. It was learnt that some politicians through the ministry attempted to force player on the coach and this did not work because the quality of the players was too low for the team. “They also approach the NFF president Amaju Pinnick to assist them to inject players into the team but Pinnick told them point blank he doesn’t want to be involved so that he can have the moral justification to evaluate Siasia

Siasia

fairly. The U-23 Head Coach is also irked about the decision of Dalung to sideline him in Atlanta at the heat of the travelling brouhaha in the USA. “Mikel Obi, the captain, overnight became the person in charge but because of Mikel’s loyalty to Siasia, the coaching crew has been calm. They have threatened to sanction the coach, they frustrated and abandoned the team in Atlanta but the coach is just poised to qualify to the quarterfinal first before opening up so Nigerians can know what is happening,” our source added. If the U-23 Eagles records a win against Sweden, Siasia could open up and then throw in the towel.

NFF shields Rohr from Lagos media Coach to be unveiled in Abuja today

Charles Ogundiya Adekunle Salami Group Sport Editor

Emmanuel Tobi Assistant Sport Editor

Ajibade Olusesan Sport Correspondent

Charles Ogundiya Sport Correspondent

he Nigeria Football Federation on Sunday made a dramatic Uturn over its plan of bringing Super Eagles Manager in-waiting, Gernot Rohr, to watch the Nigeria Professional Football League game between Ikorodu United and Shooting Stars of Ibadan in Lagos. It was reported that the coach who arrived Nigeria in the early hours of Saturday was stopped from watching the game in oth-

er to protect him from the Lagos media who trooped to the stadium to get first hand information from the coach. A member of the NFF who craved anonymity told New Telegraph that people have started asking questions and since they are yet to officially unveil the coach, it is important to stop him from talking. “The reaction of the media to the news that Rohr will be in Lagos made the federation to stop him from coming to watch the game.

“It is important we did not repeat the mistake of the past. The Paul Le Guen experience has taught us a big lesson, so we need to conclude the deal before allowing him to talk to the media.” It was further revealed that the coach would be unveiled in Abuja on Monday (today) as both parties have reached agreements. The coach according to another source has already agreed stay in the country unlike Le Guen who wanted to work from his base in France.

Gernot Rohr

Ibrahimovic heads Man United to victory }45

SPORT NEWS

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

Ighalo relishes pre-season goal West Brom chase Eagles striker

Emmanuel Tobi

uper Eagles striker, Odion Ighalo has expressed delight on his goal during Watford’s 2-2 draw at home to FC Lorient in a preseason friendly. Ighalo who scored in the 58th minute while speaking to wat-

FansdisruptIkorodu, Shooting game Charles Ogundiya

NPLF RESULTS Ikorodu Utd

1-1

Enyimba

0 – 0 Sunshine

Shooting (Abd)

El Kanemi

1–0

Rivers Utd

Heartland

1–0

Nasarawa

Plateau Utd

2 – 0 Ifeanyi Uba

Abia Warriors

0 – 0 Akwa Utd

Sunshine

2 – 0 Tornadoes MEN OLYMPICS

Fiji

1-5

Mexico

Honduras

1-2

Portugal

Ighalo (right)

StarTimes secured EPL matches for subscribers – Kafar Charles Ogundiya

arketing Director of Digital TV company, StarTimes Nigeria, has said the company decided to secure live broadcast of the English Premier League matches to fulfill the yearning of their subscribers. The TV company announced at the weekend that Nigerians subscribers can now watch the EPL on its platform. “Securing the EPL on StarTimes platform highlights our commitment towards ensuring quality contents for our subscribers,” he said. “We are committed to giving our subscribers maximum entertainment, be it

sports, movies, music, news documentary and kiddies.” While adding his own voice, the Public Relations Head, Israel Bolaji, said subscribers should be able to enjoy the best not minding what they could afford. Bolaji added: “StarTimes football loving subscribers can now enjoy LIVE EPL matches on weekends as well as the replays on NTA Sports 24 (STarTimes channel 270). “We continue to offer the very best content mix with sharp images and at very low bouquet rate as low as N600 and N1200 etc. “Our subscribers don’t have to struggle so much to afford and enjoy the best of all round content.”

Obaje to replace Junior Ajayi at Sfaxien T unisian club CS Sfaxien have moved quickly to replace Nigeria Olympic team star Junior Ajayi with the leading scorer in the Nigeria league Godwin Obaje. Sfaxien, whose president resigned following fans’ protest over the recent transfer of Junior Ajayi to Al Ahly of Egypt, have already contacted Obaje’s club Wikki Tourists in this respect. “The Tunisian club have contacted Wikki on Obaje. They want him as a direct replacement for Junior Ajayi,” an official said. Obaje is the leading scorer in the Nigeria league with 14 goals for title chasers Wikki. He is a powerful and direct playing centre-forward, who besides scoring goals works hard for the team.

Last year, he posted a shortlived stint at Slovak champions AS Trencin only to head back to the home league after a contractual dispute.

Obaje

t was another show of shame by the Lagos fans as they disrupted the Nigeria Professional Football League match between Ikorodu United and Shooting Stars of Ibadan. Crisis started when the visitors equalised through Ajani Ibrahim with two minute to the end of the regulation time. Chinedu Onyelolu had given the home team a first half lead. Immediately after the Shooting Stars’ goal, the fans went haywire, attacking the visitors’ supporters that travelled with the team from Ibadan while anybody with Shooting’s jersey were not spared. The players on the field were not spared too as they were pelted with stones and sachet water on the field while the referee and players of both teams were stranded on the field. The few security personnel at the stadium who were mostly NSCDC staff were unable to salvage the situation as the match officials were also attacked while they were been rescued out of the stadium. The incident happened in the full glare of some top officials of the Nigeria Football Federation led by the vice president, Seyi Akinwumi and a director of the League Management Company, Nduka Irabor. This is the second time such incident would be happening in Lagos, the first experience was when Shooting Stars inflicted the first home defeat of the season on MFM with the Agege Stadium banned for three matches.

fordfc.com said: “As a striker, goals breed confidence, and I always try to give my best. “I’m happy to score, but most importantly it’s about the team performance. We have new players and we are still trying to understand what the manager wants. We’ve put in enough work over pre-season, with new tactics.

Meanwhile, West Brom are interested in signing Watford striker Odion Ighalo before the transfer window shuts, according to Sky sources. The Baggies want to bring in a new striker before allowing Saido Berahino to leave the club and they tried to sign West Ham's Diafra Sakho last week.

Rohr not good enough for Eagles – Akpoborie F

ormer Super Eagles striker, Jonathan Akpoborie, says the move by the Nigeria Football Federation to hire Gernot Rohr as the new coach of the Super Eagles is far from being the best. Rohf's familiarity with African football having coached Gabon, Niger and Burkina Faso couple with a stint with Etouil Du Sahel of Tunisia makes him a firm favourite

Akpoborie

for the NFF led board of Amaju Pinnick. "I am not really against NFF decision to hire a foreign coach but I am sad that the football house are planning to appoint Gernot Rohr as Super Eagles manager," Akpoborie revealed to Soccernet.com.ng "Going by his CV on some of the teams he has managed, I don't think he deserves the senior national team job. Hiring an average foreign coach for the team won't change the declining level of football in the Super Eagles. "Coaching teams like Niger, Gabon and Burkina Faso may be great but not good enough for Nigeria. It would have been better to allow some of our indigenous coaches to manage the team than offer it to Rohr." he said.

Abuja hosts Charity football fiesta

ll is now set for the Goal '16 Charity football fiesta billed for August 13 at the Citybridge Sportsplex, City Park, Wuse II, Abuja. Goal’16 is a charity football tournament, as well as a fiesta initiated to emphasize the need for assimilation of the less privileged into the society, the event is an embodiment of ‘The Goal Initiative’, which was birthed to support less privileged children and promote the development of the ability of the youths in Nigeria.

This year’s event will be the 3rd edition following two successful editions involving a large gathering of the percentage of the youthful population of Nigeria that inhabits the federal capital territory, Abuja. Goal’16 has been reinstated to express the full idea behind the Goal initiative; as such, it will feature series of activities that connotes 'Togetherness', which will involve children from four orphanages in Abuja, as well as the whole society.

Boboye quits as Abia Niger will beat Nigeria 3-0 in Niamey, Coach boasts Warriors' Coach Ajibade Olusesan

Ajibade Olusesan

ennedy Boboye has resigned from his post as head coach of Nigeria Professional Football League outfit, Abia Warriors. The tactician steps down as handler of the Umuahia based side after their goalless draw at home against Akwa United on Saturday. A 0-0 draw at home versus Akwa United ended Abia Warrior’s chances of picking up a continental ticket at the end of the season. Following the result at the Umuahia Stadium on Saturday, Boboye took the decision to step down after just eight months at the helm. Abia Warriors are 15th on the Nigeria elite division log with 36 points from 29 games despite making a blistering start in the first half of the season.

iger U-17 coach Soumaila Tiemogo has written off Nigeria’s Golden Eaglets, boasting his team will reverse a 1-0 loss in Abuja by winning 3-0 in the return leg at home to advance to the next round of the tourna-

Manu

ment. “In Niamey, we beat Nigeria 3-0 insha Allah. We prepared very well for this qualifier. The Nigeria team are not a team,” said the coach. “Once we score the first goal, everything will change.” However, Eaglets coach Manu Garba argued that Niger will be under pressure to win in front of their fans and that could well work against them. “Niger are not a bad team, but they will be the ones under pressure in the return leg,” he said.

INTERNATIONAL SPORT

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

Argentina coach wants Messi back ew Argentina head "I have felt frustrated N coach Edgardo Bau- for losing a match or a za has expressed his de- final and understand sire to persuade Lionel Messi to reverse his retirement from international football. The Barcelona forward made his decision in June after missing a penalty in the shootout as the Albiceleste lost to Chile in the Copa America Centenario, a third major final loss in as many years. Bauza, who succeeds Gerardo Martino, is quoted by BBC Sport as saying: "My sole intention is to see if I can talk football with Messi. From that will come the possibility of him being called up in our next games. "I want to tell him my idea and for him to tell me how things are with him and then we'll see what comes out of it.

that statement [of quitting] when you are overwhelmed with frustration, but I know it can be reversed." Argentina face 2018 World Cup qualifiers at home to Uruguay and away to Venezuela in the first week of September.

Man United players posing with trophy after winning the Community Shield

Messi

Mourinho relieved to finally land Pogba

ose Mourinho is delighted that Manchester United are on the brink of signing France midfielder Paul Pogba from Serie A champions Juventus. Mourinho was speaking after United had released a statement on Sunday saying Juve had given the player permission to have a medical with the club ahead of a potential world record transfer. "Finally, it's amazing that

Pogba

such a good player is with us," Mourinho told a news conference after United's 2-1 Community Shield victory over English champions Leicester City. "Finally we have him. He comes to a winning side, a team who have (won) their last two matches, in the FA Cup and today. "He has to work hard to come to the team." British media have reported that United will pay a world record fee of 105 million euros ($A153.17 million) for the 23-year-old who had joined the Italian giants on a free transfer from the Old Trafford club in 2012. "Paul Pogba has been granted permission to have a medical in order to finalise his transfer from Juventus to Manchester United," United said on their website.

Community Shield

Ibrahimovic heads Man United to victory

brahimovic announced his arrival in English football with an 83rdminute winner as Manchester United edged Leicester City 2-1 at Wembley on Sunday to win the Community Shield. The for mer Paris Saint-Germain striker had had a quiet game, but he outjumped Wes Morgan to head home Antonio Valencia's cross to earn Jose Mourinho his first piece of silverware as United manager. Leicester talisman Jamie Vardy

had earlier punished an error by Marouane Fellaini to cancel out FA Cup match-winner Jesse Ling ard's first-half solo goal for United, who claimed a recordextending 21st Community Shield. United, who have confirmed they are close to re-signing former player Paul Pogba from Juventus, open their Premier League campaign at Bournemouth next Sunday. Leicester manager Claudio Ranieri handed official debuts to close-season signings Ahmed Musa, Luis

Hernandez and Nampalys Mendy. While his side came up short, he will have been encouraged by the brightness of their dis-

Iwobi, Akpom, Iheanacho score as Arsenal beat City Emmanuel Tobi

igeria trio of Alex Iwobi, Chuba Akpom and Kelechi Iheanacho scored on Sunday as Arsenal concluded their pre-season programme unbeaten by overcoming Manchester City with a 3-2 victory over Manchester City in Sweden. Alex Iwobi and Chuba Akpom, both of whom have been hugely impressive this pre-season, were on the scoresheet, whilst Theo Walcott also found the net, but Arsenal’s victory came at a cost with Gabriel suffering what appeared to be a serious injury. Krystian Bielik entered the fray in the closing stages

as a replacement for the Brazilian, but Jeff Re-

ine-Adelaide, Chris Wil- were all unused substilock and Gedion Zelalem tutes. Sergio Aguero put Manchester City ahead when he scored in the 30th minute while Iheanacho scored City’s second goal late into the match after heading in Jesus Navas’ cross to end the game 3-2 in favour of Arsenal. Iwobi with three goals appears to have done enough to command a starting berth for the opening Premier League fixture against Liverpool next weekend, whilst Akpom will hope to at least make the bench for that game after scoring four goals Akpom (left) in four friendlies.

play, three months on from their 5,000-1 Premier League triumph. They launch their league title defence at Hull City on Saturday.

Pistorius denies suicide attempt report O scar Pistorius has denied reports that he attempted to take his own life after being rushed to a private hospital in Pretoria to treat injuries suffered in jail. The shamed South African Paralympian, serving a six-year sentence for killing girlfriend Reeva Steenkamp in 2013, was taken to Kalafong Hospital from his prison cell on Saturday. It had been suggested by reports in Pistorius's homeland that the athlete had failed with a suicide attempt, having suffered injuries to his wrist, but these claims have been rejected by the 29-year-old. A spokesman at the Department of Correctional Services said: "Oscar Pistorius denied speculations of a suicide attempt. As a policy principle we cannot further discuss a particular offender's personal condition in the public domain." Pistorious served an initial one-year sentence for manslaughter, although the conviction was later overturned

and he was then convicted of murder.

Pistorius

SPORTS

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

Olympics Rowing delayed due Bribery: IOC confirms recall of Kenyan athletics manager to fears of sinking

he second day of the Rio Olympic Games was delayed after the rowing arena was hit by strong winds, with organisers deciding that the conditions were simply too difficult to compete in due to the threat of boats sinking and cancelling the day's action.

he International Olympic Committee confirmed on Sunday that Kenya’s athletics manager Michael Rotich has been recalled after a media report that he sought a doping bribe. The Sunday Times newspaper and German television channel ARD filmed Rotich demanding 10,000 pounds ($13,000/11,800 euros) for agreeing to give a warning when doping tests would be carried out. IOC spokesman Mark Adams told a briefing the Kenyan National Olympic Committee had asked for

On day one, the Serbian pair of Milos Vasic and Nenad Bedik were running third in their heat and on course for the quarter-finals when thy capsized after hitting a rogue wave caused by the winds coming off the Corcocado mountain that harbours the Christ the Redeemer statue and looks over Rio de Janeiro. Races proceeded on Saturday without interruption despite the Serbian crew sinking, with former Olympic gold medallists Sir Steve Redgrave and James Cracknell questioning whether the heats should have been postponed.

Rotich to leave. “I understand that the NOC has asked that he leaves because they feel his presence is distracting,” Adams told a briefing. “They are very serious allegations. We wait to see the evidence.” But Adams added that the Kenyan track and field team “is probably the most tested team in the past two years.” He said there had been 416 tests on Kenyan athletes in competition and 432 out of competition. “I don’t think there can ever have been a stronger testing regime of athletes.”

Toriola out, Quadri in

A Oshonaike

Oshonaike, other African stars crash out was not a good day for African playIoftersthe competing in the women’s singles Rio 2016 Olympic Games as most

of them were shown the exit in the first round of the competition. The quartet of Dina Meshref (Egypt), Olufunke Oshonaike (Nigeria), Han Xing (Congo Brazzaville) and Edem Offiong (Nigeria) joined Nadeen El-Dawlatly (Egypt) in the first round. But they all fell to their opponents in the first round with Dina Meshref losing 4-1 to Thailand’s Komwong Nanthana, while Han Xing also surrendered to Thailand’s Sawettabut Suthasini 4-3. Olufunke Oshonaike fell to Puerto Rico’s Adriana Diaz 4-2, while Edem Offiong was edged out by Belarus’ Pavlovich Viktoria 4-1. Nadeen El-Dawlatly who unlike others started her campaign in the first round was not match to Hungary’s Petra Lovas 4-0 to exit the singles event. Oshonaike, who was Team Nigeria’s flagbearer during the opening ceremony admitted after managing to win her preliminary match that, ‘I’m so tired, I don’t know where I am. I didn’t get to bed until after 2.00am in the morning, I feel like a bomb has hit me. Experience got me through today. I could not focus, I could not concentrate but I carried the Nigerian flag.”

Venus

Belgian upsets Venus

he biggest shock of the opening day of the Olympic Tennis Event at Rio 2016 came when Belgium’s Kirsten Flipkens upset four-time Olympic gold medallist Venus Williams 4-6 6-3 7-6(5) in a marathon match on Centre Court lasting three hours 13 minutes. Flipkens, the world No 62, recovered from the loss of the first set and was 5-3 down in the decider, but capitalised on her veteran opponent’s growing weariness in temperatures still in the mid-20s to force a final set tiebreak, which she won 7-5. It was an emotional moment for the Belgian, who fell to the ground in celebra-

tion before kissing the Olympic rings inscribed on the court behind the baseline. The 30-year-old, who missed the last two Olympics through injury, described the victory as: “Top two, next to my win over [Petra] Kvitova at Wimbledon in 2013.” She added: “The Olympics is a tournament you play once every four years; I’ve never played the Olympics before so it was already a dream coming true for me… but then to beat Venus Williams, one of the biggest champions in our history, on Centre Court, gives goose bumps all over the place.”

Mikel: Chelsea teammates asked about Etebo C Etebo (left)

helsea players were eager to know about Ogenekaro Etebo, after his four goals for Nigeria in their opening game at the Rio 2016 Olympics against Japan, according to captain of the Nigerian side Mikel John Obi. CD Feirense of Portugal forward Etebo, stole the headline in Nigeria’s 5-4 win over Japan scoring four times in the nine goal thriller from just five shots

on target,and it has brought the abilities of the former Warri Wolves ace to the world. “I spoke with some of my teammates and about three of them wanted to know about Etebo, He has done himself a whole lot of good but that is just one game, I strongly believe he can do more” Mikel said in the pre match conference ahead of Nigeria’s clash against Sweden.

frica’s Olympic appearance record holder, Segun Toriola, has crashed out of the table tennis men’s singles event of the Rio Olympic Games after losing to Japan’s Nowa Koki in the round two on Sunday. The 41-year-old, who is appearing at his seventh consecutive Olympic Games, lost 4-2 to the Japanese at the Riocentro Pavilion three. However, it was a sweet victory for another Nigerian, Aruna Quadri, who defeated Slovakia's Wang Yang 4-1 to move into the 3rd round of the men's singles.

Toriola

Stray bullet flies into Equestrian media centre T

hough the center is near a military complex, no one is sure where the bullet came from. A stray bullet cut through the plastic roof of the equestrian media center on Saturday, alarming journalists and underlining concerns about the host city’s ability to guarantee security at the world’s biggest sporting event. No one was injured in the incident. The equestrian venue is sited next to a military complex, though police are still trying to discover who fired the bullet and from where, a spokesman for the Rio 2016 organizing committee said.

SPORT

MONDAY, AUGUST 8, 2016 NEW TELEGRAPH

Bundesliga: Nsofor gets four-match ban

igeria forward Victor Obinna Nsofor will miss the first four games of his new German Bundesliga club SV Darmstadt 98 after he was sent off in his former club’s last game of last season. Nsofor is therefore ruled out of a German cup game on August 21 against Bremer SV as well as Bundesliga games against Cologne ( aw ay ) , Eintracht Frankfurt (home) and Borussia Dortmund (away). In May, Nsofor saw red in the 89th minute of a crucial Bundesliga 2 match for MSV Duisburg against Wurzburger Kickers. Duisburg lost the game at home 2-1 and were relegated to the third divi-

sion. Darmstadt coach Norbert Meier has said he was delighted to sign “a good and experienced player who has played for some

big clubs”. The Nigeria forward has played for Inter Milan, West Ham, Lokomotiv Moscow, Malaga and Chievo Verona.

Suleiman ‘ll surpass Odizor’s record in 12 yrs – Kanayo Adeolu Johnson ABUJA

ollywood actor, Kanayo O. Kanayo, has predicted a brighter future for tennis following a stunning performance by the country’s number one U-14 player Suleiman Ibrahim at the finals of St John Grassroots tennis championship decided at the centre court of the tennis court of the National Stadium, Abuja on Saturday. Kanayo said he was captivated by the grace, calm and excellent dexterity of the of the sport displayed by young Suleiman whom he said would make waves in the sport in the next 12 years. “I don’t know we have talents like Suleiman in the sport in this country, if he is well guided and promoted, the sky will be

his limit,” an excited Kanayo said at the presentation ceremony. He personally doled out a cash of N10,000 to Suleiman for beating his opponent Abdulsalam Mohammed 6/0 6/0. Earlier in the day, Musa Mohammed defeated Joel Sylvanus 7/5 6/2 to win the U-16 boys finals, while Lucky Danjuma defeated 4/1, 2/4, 7l5 to win the U-10 boys. Salamatu Haruna emerged the U-10 girls winner by beating Mary Azi in two straight sets. Speaking after the championship, the President of the Nigeria Tennis Federation Sani Ndanusa commended the sponsor Mrs. Blessing Egwu who promised to make the tournament a bi-monthly event. He said if such tournaments come up regularly, Nigeria would return to the summit of the sport in Africa.

Chairman of NFF Technical and Development Committee, Chris Green, with Eagles Manager Gernot Rohr at a meeting in Abuja on Saturday

Ikeja Golf Club celebrates Ibru

embers of Ikeja Golf Club have joined Delta State and millions of other Nigerians in paying glowing tributes to the late former Governor of Delta state, Olorogun Felix Ibru, who was laid to rest on Wednesday at his home town. According to the captain of the club, Akin Areola, “He was a great golfer, a lover of our great club and anytime time Ibru was in Lagos he must visit the club and when he visits we enjoy his company. His fatherly advice, his gentle nature and above all his love for the game of golf are some of

Pat Ekeji’s Corner patrick.ekeji@yahoo.com 08159364282 (sms only)

Little things that matter

Nsofor (right)

the memories we will miss most in him.” Olorogun Ibru, the captain explains further, was one of the founding fathers of the club in 1968 and remained a faithful member until his death. Before his demise, the distinguished Senator Felix Ibru was a Trustee of the Club and to show his love for the club even after his death, a cheque was received by the club as a voluntary donation towards the development of the club. A yearly golf tournament is also being instituted in honour of the great golfer.

had raised a dialogue on the value of an Olympic Gold Medal to Nigerians, amongst others, the core of that conversation was on the premium Nigeria placed on an Olympic medal. Our preparations for Rio 2016 was certainly not near to being fair enough because of funding challenges, it really has never been. This rather unpleasant yet recurring situation is invited by the perennial low budget provision for the sports sector in general. The Olympic Games is the World’s cynosure of sporting competitions, preparing to participate and expecting podium results is not achieved within one Olympic cycle. This point has been over flogged. In an Olympic/ Paralympic Games, latest advancements in sports technology is put on play by outcome of athletes performances through expression of skills, use of equipment, management of teams and individual athletes, and of course organizational perfectionism. Details of these go beyond the defined boundary within which this column is confined. Our country is, in reality very, very far away from the application of modern trends in the management of sports and this is because of our self-imposed limitation arising from so much misdemeanor. Nonetheless, Nigeria must play sports and we must be part of the world at events that are important to the committee of nations. Olympic Games is important to the committee of nations. The following discussion is an extraction from my repertoire of experiences as a participant-observer on the subject of TEAM NIGERIA at the Olympic Games. Food: At a major Games such as the Olympics, eating discipline is one “little thing that matter”. Coming from a culture (black Africa) where eating quality food is a ‘privilege’ open only to the affluent, managers of our athletes (many of who come from very humble families and in fact are bread-winners for their families), need to be very conscious of the attitude of the athletes to their exposure to very good quality food on offer at the Games village cafeteria. Uncontrolled consumption of meals certainly leads to weight gain and possible pre-competition discomfort which affect in a rather negative way, the performance of the athlete. Movement within the Games Village: The Games Village is in itself, a tourist destination and athletes are invariably tempted to take a tour of the very vast surrounding and this usually is at the cost of athletes’ rest time. In practical terms of sport science, rest and meditation are very important aspects of getting ready for an event. This requires self-discipline, a trait which sadly, I tried to institute but could not completely establish in our sports culture.

Loss of money: Some of our athletes have had their monies (acquired from accumulated payment of daily allowances) stolen either long or shortly before conclusion of their events. This devastates the victims and getting such athletes recover psychologically is a challenge. This was one of the reasons I introduced payment of all allowances and or bonuses into individual bank accounts which all members of TEAM NIGERIA contingent must have in the Games Village. Stage fright: At an Olympic Games, one very key aspect of performance which influences performance is stage fright. An ordinarily very good athlete can lose to an opponent not quite as good due to stage fright, compounded by inferiority complex especially against opponents from perceived more advanced countries. It gets worse if such an opponent is rated higher in that event. I saw some of our athletes crumble even before the whistle to go into “combat” is blown. This psychological intrapersonal “battle” cuts across in team sports, individual, dual or combat events. So what is the little thing that matter here? Expose our athletes to as many first class pre-gamescompetitions as possible in order to break that huge barrier of inferiority complex. It really can only be controlled or conquered with exposure and more exposure to top level, world-class competitions which sadly, is a major lacunae in our build-up to the Games. Authority: Who is in charge? It is likely that the aspect of who exercises authority over our athletes is peculiar to us. Nigeria Olympic Committee would claim that the athletes belong to her in the period of the Games. By the International Olympic Committee mandate, National Olympic Committees of participating countries are responsible for their contingents during the Games. The Chef de Mission is head of the management team of TEAM NIGERIA but only to the extent of his contacts with the various Sports Federation Presidents who, on some occasions, issue conflicting instructions to that of the Chef de Mission even when such directives conflict with the overall interest and discipline of the contingent. Last week, as CNN re-rolled the news story of our Olympic Team’s travel arrangements hiccups in Atlanta USA, it reminded me of avoidable glitches in the flight arrangements by the same NFF in 2010, for the Super Eagles on their way to Johannesburg for the FIFA World Cup. While receiving Gianni Infantino at the Villa two weeks ago Mr President admonished the NFF thus “…We will take the development of football very seriously and I encourage the NFF to behave itself…”

On Marble

It is only when some ladies have discovered the wreckage money has done to others that they realise the danger of making money the only master key to their heart.

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In 1919, Luisa Capetillo challenged the mainstream society by becoming the first woman in Puerto Rico to wear trousers in public. Capetillo was sent to jail for what was then considered to be a “crime”, but, the judge later dropped the charges against her.

Public arena T he column you write

Lessons from the MPC Meeting Boniface Chizea

he Communique of the 108 MPC meeting when it was released came like a bolt from the blues in consideration of the fact that the major aspect of the decision of that meeting took most commentators by surprise. It was expected that the fact that the Nigerian economy has gone into recession following negative growth rates for two consecutive quarters, the MPC would be more concerned with reflating the economy which is not consistent with the resulting tightening posture which was subsequently announced as an outcome of the meeting. It is also a fact that the Governor of the Central Bank himself following his briefing of the Senate just a few days before the meeting did serve notice that he was going to focus on growth instead of on fighting inflation and therefore the expectation was that there is going to be a hold decision at worst, even if a hold decision was returned after the last meeting in May with the proviso that the hold decision was taken with a view to allowing the fiscal authorities some time to kick start fiscal measures for a reflation of the economy. Though reflexively most economists would recommend tightening in the face of rising inflation but sometimes it is ideal to take a step back to consider the objective circumstances that have accounted for the rising and persistent inflationary spiral which in our particular situation had shown an upward trend since the month of February; that is for over five months now before a decision is taken. It is obvious that in the particular situation of the country that the cause for rising persistent inflationary spiral is due to structural factors; that is, the monoculture reality of the Nigerian economy whereby the country is overly dependent on the oil sector to earn foreign exchange inflows for an economy so exposed to the external sector; the rising energy cost as a result of the removal of subsidy with its pass through effect on transportation costs and therefore farm produce and other related costs; the electricity tariff which has now been beclouded by some uncertainty as the court has ordered a reversal of the recent hike in tariffs of 45 per cent which increase was effected to commence the attainment of cost reflective tariffs to meet the clamour and demand of the private sector investors; which is then capped with the rising costs and uncertainty due to the volatility of the exchange rate and massive loss in value as the country embarked on the flexible exchange rate regime in deference to the clamour by most stakeholders that the peg regime was not aligned to the fundamentals of the economy. With the unsavoury fallout of the increasing risk profile of the economy as international rating agencies proceeded to delist Nigeria thereby reducing the availability and at once increasing the cost of credit. What is somehow reassuring is that we are at one with the MPC in

CBN governor, Godwin Emefiele

Finance Minister, Kemi Adeosun

the correct diagnoses of the cause of the rising inflationary spiral as it observed that; ‘’ The rising inflationary pressure was largely a reflection of structural factors, including high cost of electricity, high transport cost, high cost of inputs, low industrial activities as well as higher prices of both domestic and imported food products.” And therefore to most informed analysts and commentators it beggars belief that in spite of this correct reading of the situation that a decision to hike in the Monetary Policy Rate (MPR) by two hundred basis points was returned based on a vote of 5 for and 3 against. What must be admitted is that in spite of the fact that cost push factors would seem to account for the rising inflationary spiral that monetary targets were also exceeded implying that we cannot wholly discount excess liquidity as a contributory factor. When annualized, M2 (The broad measure of money) grew by 16.52 per cent in June 2016 against the provisional growth benchmark of 10.98 per cent for 2016. Also net domestic credit grew by 12.52 per cent in the same period; annualized at 25.04 per cent. The increased credit to the private sector is a welcome development as it aligns with the desire to boost productivity in the

economy as the private sector remains the veritable engine for economic growth. But the decision to hike the MPR has been rationalized as due to the consideration that the core mandate of the Central Bank is the maintenance of price and exchange rate stability and therefore in attempting to prioritize it was felt safe to keep fidelity with this core mandate by concentrating on fighting inflation. It has been argued that the Central Bank has limited capacity on its own to facilitate the growth of the economy in spite of its imperatives and therefore should be better advised to calibrate its intervention as it deploys available instruments by fighting first inflation which also indirectly could boost productivity as the value of money is increased. Then there was of course the palpable concern that the recently introduced flexible approach to the determination of the exchange rate which has precipitated further weakness on the exchange rate attributed to the normal reaction to a new regulatory reform has been slow in delivering the anticipated low hanging fruits of resumed inflow of portfolio investments which meant that there is some work to do to achieve this objective. Therefore the hike in interest rate would also in addition to the attempt to remove the bemoaned uncertainty in the hitherto adopted pegged approach to the determination of the exchange rate, improve on the attractiveness of the fixed income securities. And if perchance by means of this policy we can improve dollar liquidity in the economy leading to more stability in the exchange rate which could in turn boost productivity and therefore facilitate the much desired growth of the economy. The immediate consequence of this latest development of the hike in the

The increased credit to the private sector is a welcome development

base interest rates is obvious as it will immediately impact the cost of credit in the economy which based on demand elasticity will be passed on to borrowers thereby impacting negatively the prevailing price levels in the economy. Therefore in the interim, salary earners would be grossly affected as their purchasing power is reduced leading to contraction in productivity; loss of jobs and an overall elevation of the misery index in the land. The Domestic Money Banks will be negatively impacted as rising interest rates would normally precipitate rising credit defaults with the consequent effect of undermining bank profitability as equity capital is eroded. The Stock Market will be impacted as investment flows from the money market to fixed income securities to capitalize on enhanced returns often to the disadvantage of equities probably undermining critical indices for the measurement of the viability of the Stock Market. It is also a known and acknowledged fact regarding the imperatives of coordinated action between the monetary and fiscal authorities, anchored by fiscal policy, to initiate recovery at the earliest possible time which must not be under estimated. Therefore the Federal Government is encouraged to fast track the implementation of Budget 2016 which held out so much promise for the reflation of the economy to resume productivity and growth to enable the country spend itself out of the dangling sword of Damocles of recession but which is currently not receiving the desired attention with the distinct possibility of lack of adequate implementation and as a consequence dashing all the hope held out for the reflation of the economy with the resumption of growth as anticipated of the fiscal policy. •Dr. Chizea wrote in from Lagos.

HIGH CHIEF

BUHARI WON’T LET NIGERIANS DOWN– Presidency

- Won’t? When they are already down?

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