Wednesday June 5-11, 2019 Edition

POLITICS

BUSINESS

Udenu/Igbo-Eze Nigeria’s North: oil reserves

How far can target Atigwe go? remains

The •P13

elusive

•P19

VOX POPULI SACRUM

FOCUS

Anambra philanthropist moves to eliminate suicide among youths •P31

WEDNESDAY June 5 - 11, 2019

SPORTS Dalung gives account of stewardship

racle •P35

www.oraclenews.ng

ISSN: 2545-5869

Today

VOL.4 No.22 N200

Group to Buhari, governors:

Emulate Rwanda, S/Africa

A

s the country prepares for a new cycle of leaders, the question on every lip is, will the new administration give Nigerian women a new lease of life and put the nation on the map as one of those countries where women are acknowledged, respected and accorded full

rights?

Will President Muhammadu Buhari provide the much-needed leadership in this area and shine light on a dark corner of the nation’s life where Nigeria’s records have been very uninspiring?

Among those campaigning

Cont’d on page 2

Contest for Oando deepens, shifts to court •P2

•Urges President to increase percentage of women in new government •Calls on governors to give more roles to women •South Africa’s 50-50 model excites women, youths

•Mrs Jeannette Kagame

•Dr. (Mrs) Tshepo Ramaphosa

•Mrs. Aisha Buhari

C’River communities applaud govt’s rural development efforts From ANIEKAN ANIEKAN, Calabar

T •Wale Tinubu

Page 4

HE partnership between the Cross River State Government and the World Bank to enhance living conditions in rural and remote communities in the state

might have started yielding positive results.

Under the partnership, communities will to be provided with potable water, electrification projects, classroom blocks, bridges, culverts and drainages, according to need.

The projects were under-

taken through the Cross River State Community and Social Development Agency, an agency to implement the Community and Social Development Project (CSDP), which is a World Bank assisted project.

The CSDP deploys the

community development approach, a bottom-up development strategy that gives the poor a voice in decision making for development. In the process they are allowed to identify, design, part finance, implement, manage

Cont’d on page 2

Negotiate or vacate our lands – Anambra oil communities

2

The Oracle Today Wednesday June 5 -11, 2019

NEWS Cont’d from Pg 1 for affirmative action towards women is the Idikacho Women in Governance, a DFID/PERL-assisted women group involved in training and capacity building for rural women.

Prof. Mercy Anagbogu, South East Regional Advisor, for the group called on the First Lady, Mrs. Aisha Buhari, to lobby for inclusion of women in the current government.

Anigbogu decried the practice of mobilising women during the electoral campaign only to relegate them to the background when the time comes for governance and appointments into positions of power.

Nigeria is notoriously backwards in providing women access to power and positions of influence. In Africa, Nigeria lags far behind countries such as Rwanda and South Africa in this regard.

Rwanda is a shinning example in Africa. It has a 26 member cabinet divided equally between men and women. Women make up 36% of the Senate and 61 percent of the House of Representatives.

In contrast, only seven senators will represent 98 million Nigerian women in the Ninth Senate that will be inaugurated next week. They are Oluremi Tinubu, Lagos Central, APC; Uche Ekwunife, Anambra Central, PDP; Stella Oduah, Anambra North, PDP; Akon, Eyakanyi, Akwa Ibom South, PDP; Aishatu Ahmed, Adamawa Central, APC; Rose Oko, Cross River, North, PDP, and Betty Apiafi, Rivers West, PDP. Of this paltry number, Ekwunife and Odua are still in court fighting to retain their electoral mandates.

These facts show an urgent need for affirmative action in favour of women who by all indices are getting a bad deal in Nigeria, at a time South Africa and Rewanda are improving women’s access to power.

Despite constituting 49.2 per cent of Nigeria’s population, women are still denied access to power and decision-making roles.

For instance, men with 51.8 per cent of the population have constituted 94.2 per cent of the members of the National Assembly in the periods from 1999, leaving women with a paltry 5.8 per cent.

The problem is endemic going by the latest report from the National Bureau of Statistics.

At federal courts, 29.4 per cent of Judges were female while 70.6 per cent were male according to the records of the National Judicial Council.

The Supreme Court had only three female judges in each year (2011 to 2015), and in 2016 the number increased to four; the Court of Appeal had more female representation with 17 female judges recorded in 2011 and 2013, and the number increased from 2014 to 2016 from 25 to 26 judges.

The Federal High Court recorded 16, 15, and 20 female judges for the year 2011, 2012 and 2013 respectively, and the number increased from 17 to 23 from 2014 to 2016. The National Industrial Court had 3 female judges for 2011 and 2012, 9 for 2013 and 2014, and eight recorded in 2015 and 2016.

The share of male judges in federal courts from 2011 to 2016 was 70.62 per cent while the percentage of female judges was 29.38 per cent for the same period. No female had been the President of the National Industrial Court or the Chief Registrar of the Supreme Court from 2013 to 2016. Only one female held the position of the Chief Justice of Nigeria in 2013. It is evident that women had a constant representation of 3 in every year as Justice of Supreme Court since 2013.

State Assemblies also recorded similar low participation rates for women at 5.2 per cent while men occupied 94.8 per cent of available positions. At the local government level only 9 per cent of chairpersons

Emulate Rwanda, South Africa were females while 91 per cent were males. Women also constituted just 5.9 percent of Councilors compared with 94.1 per cent for men.

And of the 341 ministers that served from 1999 till date, only 47 (14 per cent) were female, while 294 (86 per cent) were male which is an indication that males are also dominating in appointive positions. The year 2011 showed the highest number of females appointed as ministers as their number rose to 15. The year 2003 appointments recorded the lowest number of female representations with the appointment of only four female ministers.

The highest representation of women among high-ranking government administrators with de-

cision-making powers was in the position of Special Assistant, which recorded 27.94 per cent, followed

by Head of Service (25 per cent) and Special Advisers (22.86 per cent). No woman has been nominated as the Central Bank Governor.

Representation at the National Parliament has been dismal. There were no female principal officers at the Senate in 2003, 2007 and 2011. A total of 4 women principal officers was recorded in 1999 and only one woman was recorded in 2015.

Women held the position of deputy minority leader and chief whip in 1999 as well as two deputy minority whips that emerged at different times between 1999 and 2003. While only one woman got elected to the

position of a deputy minority whip in 2015. The state assemblies mirror the Senate and House of Representatives as the number of men far outweighs the number of women.

In 2011, women representation at states assembly was 58, the highest recorded since 1999. The figures were 22, 30, 43 and 37 in 1999, 2003, 2007 and 2015. The highest number of female officers in state houses of assembly were 72 out of 1,005 officers was recorded in 2011-2015. The lowest number of 21 female principal officers was recorded in 1999-2003.

Anagbogu, a Professor of Developmental Counselling Psychology, while decrying what she described as “widening gender inequality in

the country,” appealed to President Buhari and the newly sworn-in governors to ensure gender inclusiveness in their appointments.

Amplifying the saying that whatever a man can do a woman can equally do and even better, Anagbogu adverted Mrs. Buhari’s mind to the fact that Nigeria is blessed with women who are qualified to handle any position of authority in Nigeria.

She, therefore, urged President Buhari and the governors to “rewrite the history of Nigeria with regard to gender equity issues” by giving women a pride of place in the new appointments they are set to make soonest.

Contest for Oando deepens, shifts to court

By SOPURUCHI ONWUKA

T

he tussle for management control among key shareholders of Oando Plc went tougher weekend with both Securities and Exchange Commission (SEC) and founders of the company staking everything to defend their positions.

While SEC deployed its regulatory powers to sack the top management leaders of the company for alleged infractions, the company is moving the hands of the court to push back the hammer.

Federal High Court has restrained the Securities and Exchange Commission (SEC) from removing Messrs Wale Tinibu and Omamofe Boyo as Oando Plc’s Group Chief Executive Officer (GCEO) and Deputy Group Chief Executive Officer (DGCEO), respectively.

The Oando chiefs had applied for enforcement of their fundamental rights.

Justice Mojisola Olatoregun sitting in Lagos granted an interim injunction following an application by the embattled GCEO and DGCEO, according to a report by News Agency of Nigeria (NAN) seen by The Oracle Today.

The court also restrained SEC, its servants or agents from taking any step concerning the commission’s letter dated May 31 in which

it barred Tinubu and Boyo from being directors of a public company for five years.

It also restrained the commission from imposing a fine of N91.13 million on Tinubu.

It also ordered that SEC should restrain from all actions on the said letter pending hearing and determination of the applicants’ motion for an interlocutory injunction.

The court also restrained Mr Mutiu Sunmonu from acting as the Head of Oando’s interim management team pending the hearing and determination of the motion.

It also urged the parties to maintain the status quo ante pending the determination of the motion which was adjourned to June 14.

The plaintiffs had approached the court to challenge to the intervention of the stock market regulator which sacked Mr Wale Tinubu as the company’s Group Chief Executive Officer (GCEO), and Mr Omamofe Boyo the Deputy Group Chief Executive Officer (DGCEO).

SEC had also barred both officials from being directors of a public company for five years.

The regulator had further on Sunday constituted an interim management team to be headed by Sunmonu to oversee the affairs of the company and conduct an Extra Ordinary General Meeting (EGM) on

or before July 1, to appoint a new board of directors.

It said that the new board of directors would subsequently select a management team for Oando Plc. The commission reiterated its commitment to maintaining the integrity of the stock market.

The SEC stated that its intervention in the management of the company followed the outcome of its forensic audit of Oando Plc. Oando had responded to the SEC declaration with objection, saying its management was not carried along in the forensic audit and thus was not allowed fair hearing and representation.

Head of Corporate Communications, Mrs Alero Balogun, said “the company reserves the rights to take all legal steps to protect its business and assets whilst remaining committed to act in the best interest of all its shareholders.”

SEC noted that the forensic audit carried out by Deloite Nigeria grave revealed infractions.

SEC said, “Following the receipt of two petitions by the Commission in 2017, investigations were conducted into the activities of Oando Plc (a company listed on the Nigerian and Johannesburg Stock Exchanges).

“Certain infractions of securities and other relevant laws were observed. The Commission further

now. An alternative power supply (APS) inverter was installed, which provides constant electricity to the dormitory.” He believes that the refurbished hostel has enhanced enrollment positively just as the high toll of sickness the school students suffered has put behind.

At Anong Bahumuno, the community were provided with a standard science laboratory and a drainage system that addressed the problem of flooding.

At the Community Secondary School, Anong Bahumuno in Abi Local Government Area, where the agency provided a complete science laboratory, the Traditional Prime Minister of Anong Kingdom, HRH Amos Ukomi Ekwe welcomed the intervention, as it has empowered future leaders in the community.

He added: “As a science student, I know the importance of sciences and the laboratory that has been provided. Before now, we went to Odenafa, 4 kms from here to borrow materials and educate our sons and daughters in sciences.

“We could not continue to borrow and so we pulled our resources together. We applied to the agency

and that is why we have a modern laboratory now. The students have come to know of the laboratory with complete materials and we are confident they can compete with their peers.”

He lamented the floods caused by torrential downpours of in the area.

But with the intervention of the agency, the flood in the community has been checked.

The Akam Community in Ikom Local Government Area, benefited from the construction of science laboratory blocks, a standard examinations hall while a comprehensive health centre was built for the community.

The Village Head of Ogbebit Village in Akam Clan, HH Oval Alfred Aluche, said the impact of the projects in the community cannot be quantified. “The health centre has brought health care closer to our people it has made it easy for our people to access health services. Without the health post, we found it quite difficult to go to Ikom but with this in our community, our people have easy access to healthcare and death rates, particularly during pregnancy, have reduced in the community,” he said.

C’River communities...

Cont’d from Pg 1

and own assets created towards poverty reduction.

In the process, the community provides counterpart funding of 10 percent, which includes the cost of land and labour while the Social Development Agency provides 90 percent funding, which is in the prerequisite technical expertise to execute the selected projects.

The partnership has been successful so far. At the Stella Maris Secondary School in Uyanga Model Village in Akpabuyo, the agency refurbished three dilapidated hostel blocks – Pope Francis, Pope Benedict and Pope John Paul hostels.

The Priest in Charge of academics, Reverend Father Francis Okon said: “The renovated structure has provided comfort for the students particularly during the raining season.

The dormitory is now well ventilated and there are other facilities added like light, fan as well as electricity.”

The Vice Principal, Oyira Akung noted that hitherto dilapidated hostels made the students uncomfortable. But that has changed “as the students are more comfortable

engaged Deloitte & Touche to conduct a forensic audit of the activities of Oando Plc. “The general public is hereby notified of the conclusion of the investigations of Oando Plc. “The findings from the report revealed serious infractions such as false disclosures, market abuses, misstatements in financial statements, internal control failures, and corporate governance lapses stemming from poor Board oversight, irregular approval of directors’ remuneration, unjustified disbursements to directors and management of the company, related party transactions not conducted at arm’s length, among others.”

The Commission also directed the payment of monetary penalties by the company and affected individuals and directors, and refund of improperly disbursed remuneration by the affected Board members to the company.

It said as required under Section 304 of the Investments and Securities Act (ISA) 2007, it would refer all issues with possible criminality to the appropriate criminal prosecuting authorities.

SEC stated that other aspects of the findings would be referred to the Nigerian Stock Exchange, Federal Inland Revenue Service, and the Corporate Affairs Commission.

The apex capital market regulator said, “The Commission is confident that with the implementation of the above directives and introduction of some remedial measures, such unwholesome practices by public companies would be significantly reduced.

“Therefore, in line with the Federal Government’s resolve to build strong institutions, boards of public companies are enjoined to properly perform their fiduciary duties as required under extant securities laws.”

According to the statement, the Commission maintains its zero tolerance to market infractions, and reiterates its commitment to ensuring the fairness, integrity, efficiency and transparency of the securities market, thereby strengthening investor protection.

However, Mrs Balogun delared in a statement that the alleged infractions and penalties were unsubstantiated, ultra vires, invalid and calculated to prejudice the business of the company.

“The company has not been given the opportunity to see, review and respond to the forensic audit report and so is unable to ascertain what findings (if any) were made in relation to the alleged infractions, and defend itself accordingly before the SEC,” she said.

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The Oracle Today Wednesday June 5 - 11, 2019

NEWS ACROSS THE NATION Lagos tops highly-indebted states lists …Rivers, Imo, Osun, Kaduna included

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agos has topped the list of Highly Indebted States in Nigeria in both external and domestic debts with N1.043 trillion in 2018, in a new report by the Economic Confidential.

The list also includes states like Rivers, Osun, Kaduna, Imo. While the external debt stock of Lagos amounts to N513.514 billion, the local debt stock settled at N530.243 billion.

In a meticulous investigation by a team of Economic Confidential researchers on Annual High Indebted States (AHIS) on External and Domestic Debts as of 2018, the amount owed by Lagos State represents about twenty percent of the total debts owed by the 36 states and the Federal Capital Territory (FCT) which is N5.376 trillion in 2018.

Among the front runners in the highly indebted states for the external debt stock include Edo, Kaduna, Cross River and Bauchi with $276.25m (N99.45bn), $227.25m (N81.81bn), $188.77m (N67.95bn), and $133.93m (N48.21bn) respectively.

Investigations further reveal that among the first five highly indebted states in the local debt stock saw Lagos emerging tops with N530.243 billion, followed by Delta state with N228.805 billion, Rivers with N225.592 billion, Akwa Ibom state with N198.663 billion and Cross River with N167.955 billion.

The report further shows that outside Lagos state that is leading the pack on total external and domestic debts with N1.043trn, Rivers state is second with N253.772 billion, Delta comes to third position with N251.589 billion, followed by Cross River in the fourth position with N235.914 billion and the fifth position was grabbed by Akwa Ibom with N215.099 billion.

The investigation also brought to

the fore that five states made the list of least indebted states in the external debt stock with Taraba state having $21.611m (N7.780bn), followed by Borno with $21.618m(N7.782bn), and Yobe state with $27.486m(N9.895bn) all in North Eastern Nigeria.

The remaining two states of Plateau and Kogi from North Central Nigeria have external debt stock of $28.874m (N10.394bn) and $31.584m (N11.370bn) respectively.

Of the 36 states of the federation, five (5) states account for the lowest in both domestic and external debts.

They are: Yobe, Jigawa, Sokoto, Katsina and Niger. Yobe state has a total of N37.667 billion, Jigawa N46.586 billion, Sokoto with N52.723 billion, while Katsina and Niger states have N53.220 billion and N63.915 billion respectively.

Though the Federal Capital Territory is not rated among the 36 states of the federation, its external debt profile for 2018 is $31.848 million (N11.465bn) while the domestic debt is N164.245bn bringing a total of its external and domestic debts to N175.710bn.

The report is coming at a time when several states in the country are backward in terms of internally generated revenue to execute projects that would touch lives apart from the fact that most of these states rely heavily on handouts from the monthly federal allocations from the Federation Account Allocation Committee (FAAC).

IT would be recalled that the Economic Confidential recently published a report detailing each states’ revenue generation profile in comparison to their federal allocations and concluded that many states cannot survive without federation accounts, a development regarded as a misnomer in the current economic realities.

B

traying Governors especially himself as a thief from the Nigeria’s Financial Intelligence Unit (NFIU).

While thanking members of the outgoing state’s 8th Assembly for their service to the state and collaboration which resulted in enactment of the open grazing prohibition and ranches establishment law, the governor promised to consider some of them as he makes new appointments even as he enjoined the incoming 9th assembly to put the interest of the state first on their agenda.

Create North Central Development Commission -- Ortom urges 9th NASS enue state Governor, Samuel Ortom, has urged the 9th National Assembly to create a North Central Development Commission that will enhance rebuilding ravaged communities in the geopolitical zxis of the country.

He spoke at a command performance in honour of the outgoing members of the 8th and incoming 9th Benue State house of Assembly at the new banquet Hall of Benue People’s House, Makurdi.

The Governor said the level of damage done to communities within the region was similar if not more than the North East and therefore required urgent intervention and only the establishment of a Commission would bring the needed succour to those areas.

“We are not second class citizens and must be treated with respect as part and parcel of a federating unit of this country”, Ortom stressed.

He said it will only be fair to establish such a Commission for the North Central zone having done same to other regions that have been ravaged by insurgents and other disasters.

Ortom who maintained that he was not against local government autonomy, said he will not condone any sweeping statement targeted at por-

•From left: Chairman, Tony Ojukwu presenting the Report of the Presidential Panel on Reform of the Special Anti-Robbery Squad (SARS) to President Muhammadu Buhari at the State House, Monday 2019.

Singapore court acquits Nigerian on death row

ederal Government has comFpreme mended the decision of the SuCourt of Singapore to free

a Nigerian, Mr Adili Ejike, who was earlier sentenced to death for drug trafficking in the country.

Acting Spokesperson, Ministry of Foreign Affairs, Mr Akpan Friday, said this in a statement on Thursday in Abuja. Ejike who was arrested in 2011 and sentenced to death for importing nearly two-kilogramme of methamphetamine into Singapore was granted an acquittal by the Singaporean apex court on May 27, 2019 and released with no outstanding charges.

Akpan said the Ministry rejoiced with the family of Ejike for the favourable judgment.

“The ministry also warned Nigerians travelling abroad not to accept to travel with any bag or con-

ederal Airports Authority of Nigeria (FAAN) has assured all airport users that Nigerian airports under its management are fully ready to play host to air travellers during this Sallah celebration.

The Authoroty said as part of its preparations to ensure seamless facilitation of their highly esteemed passengers during the Sallah celebrations and beyond, the VIP Protocol lounges at the terminals in Lagos and Abuja, have been refurbished to give maximum comfort and value to customers. A statement by the general manager, corporate affairs of FAAN,

“The prosecutor claimed he new about it hence the landmark judgment that secured the freedom of the Nigerian.”

He said that Ejike claimed that his childhood friend in Nigeria gave him the bag that contained the drugs to be delivered to an unspecified person in Singapore.

“This buttressed the fact that drug peddlers are using unsuspecting innocent Nigerians as conduits to transport their consignments, at the risk of the lives of the possessors of such substances. “The Ministry of Foreign Affairs, therefore, call on relevant stakeholders to step up awareness campaign for Nigerians travelling abroad not to accept to travel with any bag or container that they have not personally packed by themselves for the journey,” he said.

El-Rufai retains SSG, PPS, names Kanyip Deputy Chief of Staff T

hree senior officials of the Kaduna State Government have been reappointed to their first-term roles.

They include; the Secretary to the State Government, Balarabe Abbas Lawal, Principal Private Secretary Dr. Salisu Suleiman and Senior AdviserCounsellor Jimi Lawal.

Both Balarabe Abbas Lawal and Salisu Suleiman were among the first set of appointees named by Malam

FAAN assures of airports’ readiness for Sallah celebration

F

tainer that they have not personally packed by themselves for the journey,’’ he said.

He quoted the High Commission of Nigeria in Singapore, Mr Akinremi Bolaji, as saying that “Ejike’s acquittal made history as the first time such a decision was made in a case involving any Nigerian.

“Ejike was discharged and acquitted based on the fact that the prosecution had failed to establish that he knew the drug bundles in his suitcase were in his possession.

“This was because; he pleaded not guilty of wilful blindness or deliberately shutting his eyes to the truth of his possession of the drugs.

“During the trial, the prosecutor focused on his knowledge of the substance; while the defence claimed he had no knowledge of the substance.

Henrietta Yakubu (Mrs) stated that facilities at the nation’s airports have been generally improved upon and are functioning optimally, including airport security and other logistics which have been upgraded and strengthened to provide for the expected increase in passenger traffic in and around the airports.

Mrs Yakubu noted that new directional display units have been provided to guide travellers, especially new ones, at nation’s airports, while the dos and don’ts banners have also been displayed at strategic locations to educate newcomers.

Nasir El-Rufai before he was sworn-in for the first-term in May 2015.

A statement from Sir Kashim Ibrahim House disclosed that several Special Assistants also retained their roles, while Barrister James Kanyip, has been appointed Deputy Chief of Staff in the office of the Deputy Governor, Dr. Hadiza Balarabe.

Kanyip, a widely published lawyer, holds an LL.M in Human Rights Law. He was twice chairman of Kaura Local Government and has been a consultant to several local and international organisations.

“The Kaduna State Government is continuing its personnel selection for the second-term. Further to this, Malam Nasir El-Rufai has approved the following appointments: Balarabe Abbas Lawal, Secretary ​​ to the State Government; Dr. Salisu Suleiman, Principal ​​ Private Secretary, Jimi Lawal ​​,​Senior Adviser-Counsellor; Peter Jones​​​Deputy Chief of Staff (Administration); James Kanyip​​​Deputy Chief of Staff(Deputy Governor’s Office); Zainab Mohammed​​Senior Special Assistant, Economic Matters/ Administrator of the Kashim Ibrahim

Fellowship Programme; Adejoh Momoh​​​, Special Assistant, Research & Documentation; Joel Adoga​​​Special Assistant, Administration; Mubarak Mohammed​​Special Assistant, Project Implementation.

Other are: Hosea Sani​​​, Special Assistant, KADGIS; Maimuna Zakari​​Special Assistant, Priority Projects; Halima Idris​​​Special Assistant, Creative Arts Development; Tamar Nandul​​​, Special Assistant, Inter-Governmental Relations; Peculiar Nwaohiri​​, Special Assistant, Abuja Liaison Office; Elias Yahaya​​​, Special Assistant, Programmes; Iliyasu Jega, Special ​​​ Assistant, Protocol; and Umar Farouk Saleh, Personal ​​ Assistant. “All Special Advisers are to continue in their current roles until the expiration of the tenure of the Kaduna State House of Assembly that was elected in 2015.

“Further announcements on appointments and reappointments will be made after the newly-elected Kaduna State House of Assembly convenes,” read the state by Senior Special Assistant to the Governor (Media & Publicity), Samuel Aruwan, Monday.

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The Oracle Today Wednesday June 5 - 11, 2019

NEWS ACROSS THE NATION

Negotiate or vacate our lands, oil producing communities warn oil companies in Anambra B

By IBE NWACHUKWU

arely a week to the expiration of a two-week deadline issued

by Host Communities of Nigeria Producing Oil and Gas in Anambra state, (HOSCON) to oil drilling companies operating in the state to come forward for negotiations on the way forward HOSCON has reminded the companies of the need to comply with the directive or be prepared to pack their bags and baggages and vacate the state.

HOSCON had issued the ultimatum to the three oil prospecting companies operating in some communities of Ogbaru Local Government Area of the state asking them to come for negotiations that will protect the interest of both the companies and the host communities to avoid unleashing angry youths who have been itching to disrupt the activities of the oil companies, at the expiration of the deadline.

Chairman, Elders Advisory Council of HOSCON and traditional ruler of Ifitedunu community in Dunukofia Local Government Area of Anambra state, Igwe Dr. Emeka Ilouno who made the reminder in Awka, yesterday while speaking to newsmen, said the youths have almost gone berserk and are waiting to confront the oil companies but the elders have been holding them, adding that the fear is that after the deadline, the youths might get out of their hands, go out of control and cause mayhem.

Ilouno who identified the oil companies as Orient Petroleum Resources, Sterling Global Resources and Oil India, lamented that they have been drilling out barrels of crude oil in some communities and selling same for years now and making their money in millions without due consultation with the host communities, adding, “right now, Sterling and Oil India are operating at Ogwuikpele oil site, Anyagaugbo location and Aninri location all in Ogwuaniocha community of

Ogbaru.

Ilouno lamented that these particular oil companies were given licenses by the federal government for oil exploration only but after the exploration and discovery of commercial quantities of oil and gas in some communities,they went into drilling and selling without any negotiation with the owners of the land and without any remuneration to the state and federal governments.

Flanked by Hon. Harry Okongwu, a national officer of HOSCON and Mrs. Joy Igboka, National Assistant Financial Secretary, Ilouno stated that during their visits to the oil fields at Aguleri/Umueri in Anambra East Local Government Area where Orient Petroleum is drilling oil and Ogwuikpele/ Ogwuaniocha communities in Ogbaru Local Government Areas where Sterling Global and Oil India are drilling, they discovered that a lot of barrels of crude oil are being channeled to Oguta through pipeline for their

personal enrichment.

Specifically, Ilouno disclosed that in the case of Orient and Sterling, they operate openly day and night, while Oil India operate secretly at nights, adding that the Nigerian National Petroleum Corporation, NNPC and the Department of Petroleum Resources, DPR cannot claim ignorant of this booming oil business going on in Anambra state as to warrant giving the state 13 percent derivation.

According to the monarch, “We are wondering why the federal government has not deemed it necessary to give Anambra state 13 percent oil derivation and recognize it as an oil producing state, even years after former President Goodluck Jonathan declared it an oil producing state”.

“Lagos state which was declared oil producing state with Anambra is now receiving its full shares as an oil producing state but Anambra which has the largest quantity of gas deposit is yet to receive anything, rather,

U.S Embassy now requesting social media details from visa applicants T

he United State Embassy in Nigeria has begun requesting for social media handles of visa applicants in compliance with President Donald Trump’s proposal forthe country’s missions to investigate intending immigrants’ backgrounds before entry into the country.

US President Trump‘s administration first proposed the social media visa rules in March of 2018.

According to reports, anyone who lies about what they have been up to on social media to consular officials could face “serious immigration consequences”.

Trump did call for “extreme vetting” of immigrants before and during his time in office.

The proposal would affect about 14.7 million people annually.

Some diplomatic and official visa applicants will be exempt from the new rules.

“We are constantly working to find mechanisms to improve our screening processes to protect US citizens, while supporting legitimate travel to the United States,” the department reportedly said.

According to the U.S. Department of Homeland Security (DHS), 29,723 Nigerian immigrants who travelled to the US in 2018 overstayed their visas.

The DHS describes an overstay as a non-immigrant who was lawfully admitted to the U.S. for an authorized period, but who remained beyond his or her authorized period of admission.

In 2017, a total of 19,676 Nigerians overstayed their US visas. The number represents 10.61 per cent of the total expected departures.

In 2016, only a total of 12,043 Nigerians (6.34 per cent) who travelled to the U.S. overstayed their visas.

In May, the US embassy in Nigeria announced that for Nigerians seeking to renew their visas, the “Dropbox” process would no longer apply, except for diplomatic or government officials.

CHANGE OF NAME EMILY: I formerly known as OLIEH EMILY IFUNANYA now wish to be known as OGUEJIOFOR EMILY IFUNANYA. Former documents remain valid. Banks and General public take note

these oil companies who were given licenses for only oil exploration, have gone beyond their scope into full blown oil prospecting”.

“Federal government knows that oil is being drilled in many wells in Ogbaru Local Government Area of Anambra state and the oil; is being piped to Oguta in Imo state and yet nobody is giving the state credit for he oil, even when the quantity exceeded 10,000 barrels per day, BPD”.

“They laid an oil pipe from Ogwuaniocha to Oguta because Ogwuaniocha has a boundary with Imo state and they do this oil deal in full glare of uniformed security agencies, yet the companies do not deem it fit to come and see we the owners of the land where they are drilling the oil from”.

“In concrete terms, Anambra state is in dire need of NDDC, Ministry of Niger Delta Affairs and 13% derivation,apart after negotiating terms with host communities as landlords and it is in the course of our negotiations with the oil companies that they will tell us what to do get our credit. If the oil companies are not ready to cooperate with us, let them leave our land alone because we have so businessmen who can drill the oil and refine them”.

Oshiomhole lacks capacity to manage APC -- Odigie-Oyegun

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•Lagos State Governor, Mr Babajide Sanwo-Olu (second left) during an inspection tour of the Lagos Badagry expressway, Monday in company of top government functionaries

24.4% households in Nigeria still practice open defecation – NBS

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ational Bureau of Statistics (NBS) says average of 24.4 per cent of households in the country still practice open defecation.

The NBS disclosed this on Monday in Abuja in its report on Water, Sanitation and Hygiene – National Outcome Routine Mapping (WASH-NORM) 2018 Survey, posted on its website.

The agency said that data for the report was provided by the Federal Ministry of Water Resources and subsequently verified and validated by the NBS. It said that the practice was highest in the North central with 53.9 per cent households followed by South West with 28.0 per cent, while North West had the least with 10.3 per cent.

On access to hygiene, it said that the percentage figure of households with fixed place for handwashing with water and soap under running water was just 22.1 per cent nationwide.

It said that South East recorded the highest percentage of 32.1, followed

by North East, while North West recorded the least percentage of 18.4.

The report also said that household heads that had knowledge about handwashing in Nigeria at least two critical times was 91.4 per cent.

In the South East and South West,

it said the record was 98.8 and 94.5 per cent, while North East recorded the least percentage of 82.4.

On access to improved water facilities, the report said that the households in Nigeria that use improved source of drinking water were 73.4 per cent.

It said the South West Zone recorded the highest percentage of households with improved main source of drinking water of 87.0 per cent.

It said this was followed by South East and South South with 82.9 and 77.0 per cent, while the lowest geopolitical was North West with 62.8 per cent.

Meanwhile, the report said that 57.4 per cent of households had access to improved sanitation facility in the country.

On zonal basis, it said that South East recorded the highest percentage of households with 70.8 followed by South West with 67.6 per cent while North West recorded the least percentage of households with 39.4.

NBS said that one in five households was headed by women representing one-third of the households, while 29.8 per cent household were headed by individuals with no education.

Emir of Kano pays N6m in fines to free 33 inmates T

he Emir of Kano Muhammadu Sanusi ll CON has paid the sum of six million naira as fines and compensation to free 33 inmates of Central and Goron Dutse Prisons in Kano.

A statement by DSP Musbahu lawan K/Nassarawa, the CPRO Kano Command, said the Emir at the event urged the lucky inmates to be of good behavior in the society and to make good use of the opportunity given to them by engaging in productive ventures.

The emir further stressed that the released inmates should re-enter the society with apologies to their parents and fear of God, just as he called on them to refrain from any misconduct or unruly behavior which may negativity affect their lives.

Responding, the Controller of Prisons Kano, Magaji A Abdullah represented by the DCP Admin Yahuza Aliyu thanked the Emir for the relentless support and assistance given to the inmates and staff in Kano Command.

The elated inmates expressed their appreciation for the good gesture from the Emir.

mmediate past National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun has exonerated himself from the crisis facing the party in Zamfara and other states of the federation.

Odigie-Oyegun in a statement signed by his Special Assistant on Public Affairs, Chief Ray Morphy, said he could not be responsible for the crisis in the party as was being alleged in some quarters.

The statement was in response to allegations by six South-South APC state chairmen on Friday.

The chairmen had attributed the current challenges facing the party as a “landmine” left behind by OdigieOyegun’s administration.

While exonerating himself from the allegation, Odigie-Oyegun alleged that Mr Adams Oshiomhole, the APC current National Chairman, lacked the leadership capacity to move the party forward.

“Oshiomhole fails because he lacks the temperament required to run a political party. He lacks the capacity to manage different interests and tendencies that constitute a political party. He engages his mouth before engaging his mind, so he offends party members, so how does that constitute traps by Oyegun,” OdigieOyegun wondered.

He recalled that already, the APC Deputy National Chairman (North) had confirmed that Oshiomhole runs the party without recourse to its National Working Committee (NWC) and acts in direct opposite to its decisions.

Odigie-Oyegun noted that many party men were against Oshiomhole because of unfair treatment and injustice meted on them during the party’s last primaries ahead of the 2019 general elections.

“Only a bad carpenter quarrels with his tools, indeed Oshiomhole is degrading and de-marketing the party, rather than seek to bring more people on board, he is chasing people out of the party with his agbero style of engagement,”Odigie-Oyegun said.

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The Oracle Today Wednesday June 5 – 11, 2019

NEWS

IPOB hails Igbo Diaspora for rallies in over 100 countries From Pamela Eboh, Awka

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he Indigenous Peoples of Biafra (IPOB) has commended Biafrans and lovers of freedom all over Biafraland and various parts of Southern Nigeria who contributed in one way or the other towards the successful outcome of sit at home order in honour of its fallen heroes who sacrificed their precious lives for Biafrans to be alive today.

The group noted that pictorial and video evidence abound to lend incontrovertible credence to the fact that Biafraland obeyed IPOB sit-at-home order on May 30, 2019.

IPOB also hailed IPOB family members in the diaspora that

rallied in over 100 countries across Europe, Asia, America, Australia, South America and Africa as well as those in Lagos, Jos, Kaduna, Kano, Ibadan and Abuja who afforded without fear or favour to stay indoors.

A statement by IPOB’s media and publicity secretary, Comrade Emma Powerful reads in part, “We salute the uncommon courage, determination and resoluteness of all Biafrans that defied the military and Police threats including intimidation and harassment from Hausa-Fulani cabal in Aso Rock and South East governors to sitat-home across the length and breadth of Biafraland.

“We commend the people of Ogoni, Ijaw, Uhrobo, Annang, Igbo, Idoma, Igede, Igala, Igbanke/

Igboakiri and others who afforded to observe and remember those that sacrificed their youthful lives for us to be alive today.

“From Ogoja in the east to the border town of Igbanke in the west; from the Oturkpo in the north to the island of Bonny in the south, Biafrans observed in their own unique way a day of solemnity, reverence and respect for our departed heroes and heroines.

“Those Hausa Fulani slaves in government houses in the South East including those unscrupulous individuals and groups should cover their faces in shame.

“They threatened fire and brimstone yet the people ignored them and obeyed IPOB order.

We expect them to sponsor

fake publications seeking to downplay the effectiveness of our sit-at-home directive but that is of no consequence to us.

No matter what they do, the material evidence detailing full compliance on social media and other platforms will forever indict them.”

The group maintained that Biafra resonated all over the world like never before on the said day.

It further thanked the people of Ebonyi, Akwa Ibom, Cross Rivers, Bayelsa, Imo and Enugu States for standing firm to honour its heroes.

Continuing, the statement said, “IPOB is making effort to liberate Biafran people from this iniquitous bondage British brought us into, those saboteurs must remain silent because IPOB has proven

to all and sundry that they are in charge of this land called Biafra. All Biafran States and its provinces are firmly today declared in the open that this land belong to Biafrans and shall remain so as long as this planet earth continued to exists.

“If one thing became clearer as a result of this 2019 sit-at-home, it is the fact that people listen to IPOB high command not those Abuja contractors and politicians especially those faceless organizations and groups who were sponsored

by Aso Rock cabal and northern caliphate to politicize this sit at home order issued by IPOB with the antics of beautifying the event with their kangaroo procession and lectures today. Biafrans move on, Biafra referendum is coming in no distant time.”

Ikpeazu floors Ogah at Election Tribunal From BONIFACE OKORO, Umuahia

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Akwa Ibom State Governor, Mr. Udom Emmanuel and wife, Martha Udom Emmanuel, Chief Pascal Dozie, among dignitaries at the public presentation of a book in honour of His Deputy, Mr. Moses Ekpo at Ibom Hotels and Golf Resort, Uyo, Friday.

Those who commit suicide are failures –Cleric From BONIFACE OKORO, Umuahia

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rimate/Overseer of Father Abraham Christ Spiritual Healing Church, Nigeria, His Most Eminence, Elder Joshua Ihedigbo, has described those who commit suicide as failures, reminding them that they would not escape the wrath of God. Ihedigbo also averred that Christians do not need any weapon to shoot down the alleged Islamisation of the country by the federal government but “spiritual warfare.”

Ihedigbo, a theorist of dynamism, however frowned at the rate of suicides in Nigeria and wondered why people should take a life freely given to them

by God, and blamed those who commit suide for being unaware of the dynamics and dynamism of life.

Speaking shortly after the

2019 Pentecost and Ordination Programme of the church at Ugba in Umuahia North Local Government Area of Abia State, Ihedigbo admonished people, particularly the youth, not to allow the hardship in the country to push them into the unholy act of committing suicide.

Said he: “Anybody that commits suicide in the society is seen as a failure. So in this case, long-suffering should be our watchword.

“The world is full of dynamism, things change every day; so we should not take our lives which were given to us freely by God. “Situation of things in Nigeria should not push one to commit suicide because God owns our lives and if you forcefully take it, you will be punished by God.” On the alleged ‘Fulanisation and Islamization’ agenda of the President Muhammadu Buhari administration, Ihedigbo vehemently declared that such

a plot would not succeed in Nigeria. “If Fulanisation agenda is true, we will wage war against it spiritually,” he said.

The Primate explained that the programme with the theme: “Be A Good Shepherd,” which included the ordination ceremony, was designed to encourage those who have been ordained to work hard in God’s vineyard.

“We ordained them to become Shepherds with the commission to feed the flocks given to them,” he said.

Some of the excited newly ordained Pastors, including Christopher Onuzurike, Super Apostle Ezekiel Chigozie Iche, Dorcas Chimereze Helen and Super Apostle Ezeoma Daniel, said they have undergone the ordination to receive “spiritual power to serve God and to work with the Holy Spirit, adding that “the purpose of this power is to preach the gospel of Christ.”

he 2019 Governorship Election Petitions Tribunal sitting in Umuahia, Abia State capital has dismissed the petition brought before it

by Dr Uche Ogah and the All Progressives Congress (APC), challenging the re-election of Governor Okezie Ikpeazu.

Ikpeazu was re-elected on March 9, 2019, during the governorship poll of the 2019 general elections in the state.

But Ogah and three other governorship candidates questioned Ikpeazu’s return by the electoral umpire, the Independent National Electoral Commission (INEC).

Shortly after the announcement of the Abia governorship poll result, both Ogah who flew the banner of the APC in the contest and his All Progressives Grand Alliance (APGA) counterpart, Dr. Alex Otti, addressed a joint Press Conference where they rejected the result and demanded that INEC should cancel the entire exercise and order a re-run. They claimed that the election was riddled with malpractices.

Ogah pressed on with his grouses and approached the tribunal to nullify Ikpeazu’s victory and order a re-run.

But delivering a ruling on a motion filed by Ikpeazu at the weekend, the tribunal dismissed

•Governor Okezie Ikpeazu

Ogah’s petition on the grounds that he had abandoned the case.

The chairman of the tribunal, Justice A.L. Ogumoye, held, while ruling on the motion, that the petitioners were deemed to have abandoned their petition having failed to activate the pretrial hearing process within the stipulated time as provided in the Electoral Act (as amended.)

The panel had earlier dismissed two applications filed by the INEC and PDP on the grounds that the seal of the legal practitioner who deposed to the documents in the petition was not attached, thereby rendering the documents incompetent.

Reacting to the ruling, a member of Ikpeazu’s legal team, Barr. Uche Ihediwa, as well as the Counsel to PDP who is a Senior Advocate of Nigeria, Mr James Igwe, hailed the decision of the tribunal while counsel to Dr Ogah and the APC, Barr.

Godwin Chionye, said he would not shift any blame because the position of the tribunal was based on law.

Meanwhile, the tribunal has set June 19, 2019 as the date for commencement of the trial of the petition filed by Otti of APGA against Ikpeazu, having concluded the pre-hearing of matter last Friday.

The Oracle Today reports that Ogah caused a serious stir in Abia on June 27, 2016 when a Federal High Court in Abuja presided over by Justice Okon Abang declared him the duly elected candidate of the Peoples Democratic Party (PDP) in the party’s December 8, 2014 governorship primaries in Abia.

The court further ordered INEC to issue Ogah with Certificate of Return as the duly elected governor of Abia and withdraw the one earlier issued to Ikpeazu who was declared winner of the 2015 governorship election in Abia and was occupying Government House.

Ikpeazu who hitherto had found it convenient to operate from the Governor’s Lodge in Aba, quickly relocated to Government House, Umuahia, to prevent Ogah from taking over his seat following the swiftness with which INEC issued Ogah with a new Certificate of Return.

The Oracle Today Wednesday June 5 - 11, 2019

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The Oracle Today Wednesday June 5 - 11, 2019

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Islamisation agenda: Catholic Church initiates dialogue to unite churches in Nigeria From BONIFACE OKORO, Umuahia

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he Catholic Church in Nigeria has initiated talks with other churches with the aim of uniting churches and Christians in the country.

Vice President of the Catholic Bishops Conference of Nigeria, Most Rev. Dr. Lucius Ugorji, who disclosed this in Umuahia Sunday, said that the dialogue involving 13 other churches, was an ecumenical movement to make Christendom forge a common front in Nigeria.

According to Ugorji who is the Catholic Bishop of Umuahia Diocese, the move has become imperative given what he described as the “onslaught of Islam,” which demands that Christians should stand together.

Recall that recently, a former President of Nigeria, Chief Olusegun Obasanjo, alleged that the federal government was taking steps to Islamise Nigeria.

Currently too, the federal government said it has acquired licence to build

an exclusive radio station for Fulani herdsmen, just as controversy has been raging as to whether the federal government has given the Miyetti Allah cattle breeders Association of Nigeria N100 billion to end killing of farmers and kidnappings in the country, all pointing to an Islamisation agenda.

Amidst all these, Bishop Ugorji who is also the Administrator Catholic Diocese of Ahiara Mbaise in Imo State, said the churches need to speak with a strong united voice.

Delivering a sermon to mark the World Day of Communications, the Bishop maintained that division among Christians in Nigeria has not done them any good, adding that time has come for Christians in Nigeria to sink their differences, come together and speak with one voice on issues affecting them.

“If we all believe in Christ and do his will, if we all follow his precepts, commandments; there cannot be division among Christians.

Division among Christians is as a result of sin.

“So if we have a divid-

Monthly federal allocation responsible for lazy states — Ohuabunwa

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n industrialist, Mazi Sam Ohuabunwa, has said that the monthly federal allocation being shared by the federating states of Nigeria was responsible for many states being lazy to think outside the box.

Ohuabunwa, the President of the Pharmaceutical Society of Nigeria (PSN) made the allegation while reflecting on the economic challenges the nation was facing.

He spoke after he delivered the 6th Public Lecture organised by Crawford University, Igbesa, on “When will Nigeria Become a First Nation” on Saturday.

He said that he was in a support for the restructuring of Nigeria, adding that only retraction to regional government could engender the type of economic development Nigeria aspired to have.

“I am a full time supporter of restructuring because it is the only way to go if we want to have meaningful development as a country.

It is only independent children that will find a way of catering for themselves not those tied to the apron spring of their parents, they will not have the motivation to be self-sufficient.

“The centre or the Federal Government is still baby-feeding the states, so how do we expect them to

grow? They are on scholarships, so anything that happens after the allocation is not their concern.

“The states government executives will go to the centre to collect what they think is theirs and share it. After paying salaries and few other expenses, they will pocket the remaining money,” he said.

Ohuabunwa said that the state could not be economically viable if they are collecting free money without any urge to improve their internal revenue generation.

“Our states are not economically viable because they still receive free money from the centre, with this type of arrangement, we may not get anywhere.

“Some states executives are not motivated to work or increase the capacity of their states as long as they rely on the proceeds from the Niger Delta oil which they don’t have to labour for.

“With the oil money coming, how many state executives will think about agriculture or investment? We need to do away with oil money to open our eyes to Nigeria’s potential.

“Restructuring is the only way to go if we are sincere about development in the country; let every state make itself economically viable and stop relying on oil money,” he said.

ed body, people fighting against themselves, how can they be authentic witnesses of Christ?,” he said.

“So that is why in recent times, the church has initiated ecumenical movement so that that we will begin to mend areas of differences and come together so that we begin to have that understanding to become one for the sake of the gospel and especially in our country, with the onslaught of Islam. Christians need to come together, to stand together as to have one voice on issues.”

“So what have divided us in the past was differences in understanding the gospel and through ecumenical dialogue, some of these differences are being reduced.

“The church is having dialogue with the Anglican, Methodist and Pentecostal churches. There are 13 bilateral dialogues ongoing,” he disclosed.

The Bishop therefore enjoined Christians to be part of the efforts to unite churches in Nigeria.

“The ecumenical efforts of the church is something we all are invited to take part, making the church one, making all Christians one, beginning from our attitudes and our lives , because if everybody, Catholics and non-Catholics, believes the word of God, understands the word of God, live according to the word of God, there wouldn’t be any division,” he said.

He used the occasion to charge media workers to ensure the unity of the country, insisting that the media should be a platform for uniting the country rather than dividing it.

“The media has enormous powers to do good or to do harm and that is why the Holy Father, the Pope, is urging us to see the media as a platform for dialogue, not for highlighting of differences and divisions, especially in a country like Nigeria where we have many ethnic groups and different religious groups,” Bishop Ugorji said.

He charged journalists and other media workers to use the media responsibly.

Highlights of the celebration of the 53rd World Day of Communications with the theme “We are members of one another: From social network communities to the human community,” included prayers for media workers and blessing of their working tools by the Bishop.

The Mass was attended by the Chairman of Nigeria Union of Journalists, Comrade John Emejor,as well as the Chairman and members of Catholic Media Workers Association of Nigeria (CAMWAN).

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The Oracle Today Wednesday June 5 – 11, 2019

NEWS

Tension in Warri as Ijaw communities lock down oil firm From EMMANUEL OGOIGBE, Warri

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cores of discordant protesters from various Ijaw Communities in Delta State have locked out workers of Heritage Energy Company in Edjeba, Warri over insensitivity to their plight.

The protesters numbering over one hundred thousand, and made up of men and women, expressed bitterness over the neglect by oil servicing company for non-provision and delay of palliatives to Batan massive spill of February 18th, 2019 to the impacted communities.

The beleaguered protesters carried placards; with the inscription, “Heritage Company you are wicked, stop this discrimination of settling same impacted communities, and abandoning others: God will judge you if you fail to settle all the impacted communities”.

In a petition sent to the state acting Commissioner of police, all security agencies and the National Assembly, the impacted communities through their solicitor, Barrister Clarkson Aribogha, they lamented the huge loss of their source of livelihood which have now plunged them into serious hardship.

The people said that the Joint Investigation team that visited the team with the company’s management, confirmed that amongst over ninety three (93) communities impacted, only about five communities were given palliatives secretly.

Notably among the communities impacted are Odidi community and Surbub, Okerenkoko

community and Sub villages, Ajuju community and environs and Bomobulou and environs: others are Otogbokokoria community and others as well as Okofa area (Ogbe-Ijoh, Warri river and environs and AzaAma communities and her neigbouring environs).

“We are therefore protesting against this illtreatment, dehumanizing

us in our fathers land, hence we call on the management of the company to act fast to avoid an unpleasant situation”, said the people in their statement.

However, Messrs Aniyangha Sylvester and Hon. Kingsley Otuvubo from Ogbe-Ijoh and chairman Okerenkoko, respectively, urged the company to stop

intimidating the impacted communities while Godwin Sapele of Aya-Ama community warned that the communities will no longer tolerate the divide and rule tactics by the company.

Akpomedjere who spoke on behalf of the company told the protesters to come next Monday for an amicable meeting.

Ebie assumes duty as Delta SSG

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elta State Governor, Senator Dr Ifeanyi Okowa has sworn-in the Secretary to the State Government, Mr Chiedu Ebie, saying that those who will work with him as appointees must avoid nepotism and sectionalism.

Ebie’s swearing-in ceremony which was attended by prominent Deltans, took place at the Unity Hall, Asaba, Monday.

According to Governor Okowa who spoke shortly after the oath of office was administered on the SSG, “sectionalism and nepotism must not have a place in the thoughts, choices and actions of those who will work with me.”

“I want to assure all Deltans that this administration will continue to run an all-inclusive government whether in terms of appointments or projects distribution; we have only just started; Deltans should trust us to do the right thing, and do it we shall and I wish to emphasize that appointments into this administration will be based on merit and geographical spread, not on emotions, sentiments or for the sole purpose of political patronage,” he said.

Governor Okowa continued, “we are in a hurry to get things done and cannot afford to lose precious time; therefore, this is not the time for apprenticeship; we shall be going for men and women, who are conversant with governance, understand our policy direction and require minimal supervision to do their work; it shall be a good combination of youth and experience to ensure that governance goes on seamlessly.”

He specifically urged Mr Ebie to know that as the SSG he should be aware that his office is the engine room of governance by “maintaining an open

door policy and as much as possible make yourself available to all and sundry and give every citizen the opportunity to benefit from our programmes because, in doing this, you must be tactful, objective, just, resourceful and calm at all times.”

While expressing confidence that Mr Ebie will work tirelessly to help his administration deliver on its electioneering promises by reconciling and harmonizing the activities of Ministries, Departments and Agencies of Government for effective policy formulation and implementation, Governor Okowa asserted, “Mr Ebie is a fine gentleman who served meritoriously as Commissioner for Basic and Secondary Education in the first tenure of this administration; his civility, analytical depth, communication skills and diligence are essential qualities needed for the office of the SSG; in addition to these, modern statecraft, with all its complexities and challenges, requires team players, proactive leaders and men with large appetite for work; criteria which I am convinced Mr Ebie is well equipped with to enrich the social, political and economic narrative of our dear State.”

Ebie in his response, thanked God for the successful inauguration of Governor Okowa and his Deputy, Barr. Kinsgsley Otuaro for a second term, observing that such made it possible for his choice as the Secretary of the State Government.

While thanking Governor Okowa for the opportunity to serve the people as the SSG, he promised to carry out his functions diligently in line with the stronger Delta agenda of Governor Okowa’s administration, stating, “there is still a lot of work to be done.”

From left: Delta State Governor, Ifeanyi Okowa congratulating the newly-sworn-in Secretary to the State Government, Mr Chiedu Ebie, after a ceremony which held at the Unity Hall, Asaba, Monday.

Concerns over safety of rig in Bayelsa being addressed –N/Delta group

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Niger Delta group, the Ifalibobou Revolutionary Movement (IRM) says safety concerns over the state of an oil rig deployed to oilfields at Koluama coastal communities in Bayelsa are being addressed.

The group said that efforts were being made by leadership of the Koluama communities Rural Development Board to respond to their concerns and explain recent developments in the area.

The group had on May 7 issued an ultimatum to First Exploration and Petroleum Development Company (First E&P) to clarify the safety records of the rig within 72 hours to avoid a repeat of the 2012 rig disaster in the area.

It demanded that failure to show proof of integrity of the facility, the rig should leave the territorial waters of Bayelsa in Southern Ijaw and Brass Local Government Areas of Bayelsa.

First E&P, an indigenous oil firm in 2015, acquired Oil Mining Lease (OML) 83 and OML 85 oilfields when Chevron Nigeria Limited (CNL) divested its 40 per

cent interests in the oil blocs to become its operator.

A rig blow out in January 2012 at Chevron’s oilfield in the area resulted to a fire that burnt out the KS Endeavor rig in 48 days.

The affected coastal are Koluama 1&2, Ekeni, Foropa, Fish Town, Ezetu and Sangana, (KEFFES) The group had expressed fears over the safety of the KEFFES Cluster Communities where the oil rig deployed at First E&P oilfield is stationed.

A statement by the leader of IRM, Joseph Sese on Sunday, said the withdrawal of the quit order followed the intervention of “critical stakeholders in the oil and gas industry”.

“We are constrained to announce the withdrawal

of the 72 hours ultimatum to First Exploration and Petroleum Development Company on the 7th May 2019.

“Having reviewed all circumstances surrounding the ultimatum and, for the intervention of critical stakeholders in the Oil and Gas Industry, we have no better reason than to diffuse the ultimatum.

“This is to pave way for addressing the issues raised therein.

“We enjoin the First Exploration and Petroleum Development Company and other partners in the operation like Yinson to be frontally involved in seeing to the issues of our concern.

“This is because all issues at stake border on the fundamental existence

of the people of KEFFES Region,” the statement said.

In a reaction, Mr Mathew Sele-Epri, Chairman, KEFFES Rural Development Foundation, said the leadership had listened to the group and explained things as they were.

Sele-Epri, noted that the group was misinformed, adding that the community leadership was in a transparent relationship with First E&P guided by a formal agreement enshrined in Global Memorandum of Understanding (GMoU).

Sele-Epri described the allegations by Sese as false and unfounded as the company had established a mutually beneficial relationship with the KEFFES communities for over three years.

CHANGE OF NAME

CHANGE OF NAME

CHANGE OF NAME

UCHECHUKWU: I formerly known as AGBASO UCHECHUKWU now wish to be known as Mrs. EZEAKUDO UCHECHUKWU. All former documents remain valid.

Please NYSC, Banks and general public take note.

ULAEGBU: I formerly known as ULAEGBU PATIENCE NDIDIAMAKA now wish to be known as ULAEGBU CHINEMEREM PATIENCE. Former documents remain valid. Banks and General public take note.

OBI: I formerly known as OBI CECILIA AMADO now wish to be known as CECILIA AMARA OBI. Born on 10TH OCTOBER 1962. Former documents remain valid.

Banks and General public take note.

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The Oracle Today Wednesday June 5 – 11, 2019

NEWS

2nd term: Ayade cedes governance duties to deputy From ANIEKAN ABASI, Calabar

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ross River state Governor, Professor Ben Ayade says his deputy will assume governance duties in his second term while he will serve as a project manager.

Ayade said this is imperative so as to enable him take his signature

projects to fruition particularly the Super highway, Calachika, Bakassi Deep Sea Port, among others.

The governor made this known at the main bowl of the UJ Esuene Stadium in Calabar while taking his oath of office for the second term alongside his deputy, Professor Ivara Esu. “In order to see to the actualization of our

signature projects this term, though I have been sworn in as Governor, I will assume duties as a project manager while my deputy will be the Governor.

“Don’t expect to see me in office but in the field to see to it that these projects are actualized”, Professor Ayade said.

He said he will reloate to Ikom for one month to see to supervise ongoing work

on the superhighway and thereafter move to Bakassi.

The Governor acknowledged the efforts of previous governors who developed the state emphasizing that he will kinetically crystallize these dreams and ensure that these initiatives come to fruition.

He called on Africa to exchew tendencies that cripple the continent saying

he dressed as a farmer to his inauguration to symbolize the fact that he is out to industrialize the state and help move the continent forward.

Professor Ayade deplored the ceding of Bakassi calling it illegal and said governments policies over the years have reduced the state to want and called for redress.

He called on the Federal

Government to expedite action on the request from the state for an oil license which has been pending since 2016 so that Cross River can exploit its resources and then pay the necessary royalties.

Dignitaries who graced the swearing in include two former governors of the state, Mr Donald Duke and Dr Liyel Imoke, Florence Ita Giwa amongst others.

Okowa commissions Sickle Cell Referral Centre

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elta State Governor, Senator Dr Ifeanyi Okowa has called on Nigerians to always impact positively on the life of one person as such will engender the spirit of brotherliness among the people.

The governor made the call today (01/06/19) at the commissioning of Delta State Sickle Cell Referral Centre, Asaba.

The facility which is well equipped is donated to the state by the 05 Initiative, a non-governmental organisation founded by the wife of the Governor of Delta State, Dame Edith Okowa.

According to the Governor, “I am glad that the 05 Initiative was founded and committed to helping one individual at a time. As Nigerians, if we impact on the life of one person positively, that person will go ahead to impact on the life of another person and within a short period, we will have a country where the people will be willing at all times to help one another.”

“This commissioning exercise is coinciding with the birthday celebration of my wife, while I say, happy birthday to her, I am glad that every year she celebrates her birthday touching the lives of other people,” the governor said.

Governor Okowa used the occasion to disclose that at his 60th birthday which will be coming up in the month of July, 2019

(next month), he will be celebrating with the less privileged.

While thanking his wife for having the vision to assist people with sickle cell disorder and assist the hopeless in the society, Governor Okowa thanked donors to 05 Initiative, stating that the NGO was strictly driven by donations from individuals and agencies.

Dame Okowa in an address at the event said,”with the addition of this centre, it brings to 13 the total number of Sickle Cell Clinics established by the 05 Initiative in its relatively short history; the other twelve clinics are located at Ughelli, Sapele, Oleh, Kwale, Eku, Patani, Koko, Otu-Jeremi, Agbor, Orerokpe, Issele-Uku and Umunede.”

“Every one of these clinics is fitted with modern equipment, quality furniture, and manned by skilled and knowledgeable personnel because, as some of us here may be aware, sickle cell patients face peculiar health challenges including episodes of pain, frequent infections, delayed growth, and vision problem not to mention the social stigma associated with the disorder in our environment,” she stated, adding, “I am not expecting you to change the world; all I ask is that you change the world of one person; do that and you would have accomplished a world of good.”

Delta State Governor, Ifeanyi Okowa with the wife of his Akwa Ibom State counterpart, Mrs Martha Udom, during the commissioning of the Delta State Sickle Cell Referral Centre, in Asaba, a facility donated to the state by the 05 Initiative, a non-governmental organisation founded by the wife of the Delta chief executive, Dame Edith Okowa.

Safety remains our priority –Cakasa From ANIEKAN ANIEKAN, Calabar

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n indigenous welding company in Calabar known as Cakasa has stated that safety remains their priority and it will always comply with established procedures in the industry.

Cakasa who spoke through its counsel, Onamson Okafor debunked safety concerns raised against it in recent time by Union called Iron and Steel Senior Staff Association of Nigeria (ISSAN) and emphasized that the company is famed for its

safety procedures has received numerous awards for safety compliance.

“We have never gone against any safety rule or practice. As a rule, before you embark on any work in any construction site, whether with my client or not, you must undergo what we call safety drill first. It is must and before you go to any site activity for the day, we must make sure that you are properly kitted.” He said.

Also speaking, the Assistant General Manager on Quality Health Safety and Environment (QHSE), Engr.

Martins Agbetuyi, noted that

Cakasa which has been in existence for over 45 years and running its business in Cross River for over 10 years has never had any fatality in any of their operations.

Agbetuyi added that “Apart from that, Dangote just celebrated 2million Man LGI frame and Cakasa was in the forefront of that and we have a certificate on that.

“Before we start any project, there is something we call risk assessment that needs to be carried out and see what are the hazards that is in that job. Not only that, we create awareness every day as per the job operation we

want to carry out that day and during our risk assessment, we required that PPE be used for that job and will be identified and we don’t just issue, we issue with objective evidence which is what we have here. We have the goggles to protect your eyes, we have filters hand gloves face shift, welding mask and the rest”, Engr. Agbetuyi said.

On the issue of its relationship with the host community, the project manager, Engr. Anthony Nnadi said it has been cordial working with the two host communities, Esuk Utan and Ikot Ansa.

Urhobo back Ovie Omo-Agege for Deputy Senate President From EMMANUEL OGOIGBE, Warri

T •Senator Ovie Omo Agege

housands of All Progressives Congress (APC) faithful from Delta Central Senatorial District, Monday, held a massive solidarity rally for Senator Ovie Omo Agege bid for the office of the Deputy Senate President.

The people who are mainly Urhobo, drawn from all various kingdoms in Urhobo land, maintained that it is the turn of Urhobo to occupy that seat at the

senate.

Addressing the mammoth crowd at the conference hall of the Petroleum Training Institute (PTI) Effurun, the APC state vice chairman, central, Olorogun (Barrister) Adelabu Bodjor, said from all indications the position of the Deputy Senate position has been zoned to the south-south with Senator Ovie Omo-Agege standing as the first choice for the coveted seat.

“While the entire Urhobo nation are eagerly waiting

and looking forward to this opportunity to produce an Urhobo as Deputy Senate President for the first time in the history of the Urhobo nation, we have just discovered to our chagrin, that a handful of gangsters who have constituted themselves into an unknown group called the Urhobo Political Group who are unarguably sponsored by the enemies of Urhobo has gone on air to declare support for an Igbo Senator who is also contesting for the same position of the

Deputy Senate President” said the APC leader.

Said he: “Although it is clear that this group are being sponsored by Urhobo enemies who have been roundly beaten by the Distinguished Senator Ovie Omo-Agege in the last election, their move to support an Igbo Senator for the position that is already in the kitty of Urhobo nation can only be best described as wicked, mischievous and unpatriotic. In fact, it has been confirmed that members of that group are

neither Urhobos by origin not working in the interest of any meaningful Urhobo son and daughter, no matter their political inclination”.

He emphasized that the senate seat and by extension, the accompanying office of the deputy senate president are not for Senator Ovie Omo-Agege as a person, adding that the seat is for the Urhobo nation who voted massively for the distinguished senator to represent them in the senate.

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The Oracle Today Wednesday June 5 – 11, 2019

NEWS

Ojukwu legacy: ‘Bianca, a daydreamer’ –Obi From Pamela Eboh, Awka

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pecial Assistant to Governor Willie Obiano on Party Affairs, Chief Ben Obi has taken a swipe at the widow of late Biafran warlord, Dim Chukwuemeka Odumegwu Ojukwu for allegedly laying claim to being the custodian of symbol of authority of the late patriarch in the All Progressives Grand Alliance (APGA).

Obi’s swipe at Bianca followed the report credited to Ojukwu’s widow, Bianca Ojukwu.

Recall that in an unexpected twist at the recent national convention of APGA, held in Awka, Bianca Ojukwu and Emeka Ojukwu Jnr respectively were nominated as members of BoT of the party.

Bianca Ojukwu had been the only one from the Ojukwu dynasty that had earlier occupied the position hence, creating room for rivalry between the two.

Obi said that if such claim was made by Bianca Ojukwu, then, ‘she is a day dreamer.’

Speaking to reporters in Awka on the issue, the SA to the governor said, “That would be arrant nonsense and anybody saying that is not a true Igbo person and does not know our culture and tradition of our people.

“I learnt that Bianca is even saying the same thing.

I challenge her to attend the meeting of elders in Nnewi and sit in council with them as the head of the late Ojukwu family.

He urged her to desist from any act that would incure the wrath of Nnewi women on her adding that

would lead to their dealing her a blow traditionally.

Ojukwu, several stakeholders and members of APGA have dismissed this claim.

Reacting to the parallel convention of the Party, Obi insisted that there was no other validly conducted convention in Owerri, saying that an Ibadan High Court order gave the convention held in Awka, Anambra state a valid legal backing.

While saying that any other convention is of no effect, Obi said, “We have an Ibadan High Court Order which clears us to organize our convention in Awka and I did not see any Court order from Abuja stopping us from conducting our convention” On his part, the coordinator of APGA Integrity Forum Mr Umunna Chukwurah

7000 N-Power employment slots reserved for Anambra APC members –Chieftain From OZO RAY, Awka

alleged that there is a plot by some top APGA leaders to destroy the party following the absence of former National Chairman, Sir Victor Umeh, Amb Bianca Ojukwu, Dr Alex Otti among others at the convention.

He added: “Our Party should be very wary of the activities of Bianca and her co-travellers in the party. Bianca should go for atonement for her actions against the party and even her late husband.

“The way and manner the widow of our late leader Ojukwu is going about the politics of APGA is unbecoming of an Igbo woman and she should be called to order before things get out of hand.”

Efforts to reach Bianca for her reaction failed as calls placed to her telephone did not go through.

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ederal Government will soon while open the portal for N-Power employment this year.

The programme is said to be one of the poverty reduction initiatives of President Mohammadu Buhari’s administration.

Disclosing the federal government’s intention to commence N-Power programme this year during a youth development seminar organised by the JohnBosco Onunkwo Foundation held in Awka, Monday the state chairman of the All Progressives Congress (APC ) in Anambra Chief Basil Ejidike said the government of the federation will in no distant time begin massive job recruitments for the teeming population of unemployed Nigerians through the N-Power job creation initiative.

He therefore enjoined all APC members in Anambra state to avail themselves of the golden opportunity provided by the federal government to be part and parcel of the forthcoming N-Power programme adding that

N-Power jobs can only be accessed through the official portal that would be opened to the general public pretty soon stressing that no forms were being filled physically except that interested applicants should access information on the N-Power scheme through the official federal government portal on the internet .

Ejidike emphasized that 80 per cent of those who did proper online registration stand the chances of getting N-Power jobs through the state party secretariat of APC in Anambra state, even as disclosed further that Anambra state chapter of the party had already secured a concession from the Presidency such that Anambra has been granted about seven thousand slots from N-Power jobs this year.

He pointed out also that out of the seven thousand slots, about two thousand slots may be given to the Anambra state chapter of the Good Governance Ambassadors of Nigeria headed by Engr.

Chief JohnBosco Obinna Onunkwo, also an APC stalwart in the state.

2021: Time to overhaul political process in Anambra State –Ezeanuna From Theo Rays, Onitsha

A Abia State Governor, Dr. Okezie Ikpeazu, flanked by his wife, Deaconess, Nkechi Ikpeazu, taking the oath of office as administered by state Chief Judge of Abia state, Justice Onuoha Arisa Ogwe (sitting left) at the Umuahia Central Stadium.

Photo Ibeabuchi Abarikwu

Ebonyi council chairmen, counsellors reject council autonomy

By CHINEDU NWAFOR

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he 13 Local G o v e r n m e n t Chairmen and 171 Ward Councilors in Ebonyi State have rejected the Local Government Autonomy being proposed by Nigerian Financial Intelligence Unit (NFIU).

A 10-point resolution signed by the 13 local government areas in the state and another similar resolution signed by the Legislative leaders of the Local Governments which was transmitted to the state House of Assembly

for approval.

The council chairmen it was gathered met with the State House of Assembly alongside their ward councilors to affirm their position having signed the ten-point resolution against the position of Nigerian Financial Intelligence unit on Local Government Finances.

They emphasized in the resolution that the local government contribution for the funding of Ebonyi State University and funding of the sixty-four development centers of the State among others would continue

unhampered.

The Council Chairmen said their decision was to promote good governance at the grassroots level and restore efficient administration at the local government areas.

They maintained that a central e-salary payment platform for monthly payment of salaries and pension of Local Government Staff as first line charges should be upheld affirming that the joint state and local government projects should be maintained in accordance with the Ebonyi State and Local

Government joint project and related matters amendment law N0 007 of 2015.

Other contents of the resolution were local government contribution for the funding of Ebonyi State University and funding of the sixty-four development centers of the State among others.

The Assembly also deliberated on the memo written to the speaker by the clerk in the National Assembly, Mr. Sani Omolori and unanimously opposed the position of the Senate on the NFIU and local government finances.

head of the 2021 state governorship poll, a chieftain of the Peoples Democratic Party (PDP) Mr Zeribe Ezeanuna has drawn the attention of Ndi Anambra on what is expected of them in the election saying that it is time overhaul the process and push money politics to the corner in the State.

Speaking to journalists in his office at Onitsha Holiday Resort, Ezeanuna said that money politics has dominated the political process for so long noting that the immediate past governorship elections in 2013 and 2017 and the recent National Assembly and State House of Assembly elections in Anambra State were characterized by godfatherism and ‘money politics’ whereby the god fathers and money bags dictate the tone with their influence and money against the wish of the people.

“Elections in Anambra could be better defined as merchandised politics with few or even one person using money to buy

everybody, buy votes and everything and bulldoze the way to be declared winner of election.

The immediate past governorship election in the State is a case in point.

The incumbent Governor out spent his opponents to win election for second term in office.

“With the power of money an incumbent governor won the election in all the Local Government Areas in the State. That is a remarkable election victory in the history of democracy in Nigeria. However, the cost implications is that the election was contested and won with money and not with the true wish of the people. The people sold their votes because of hardship and poverty. Do the people know this? Of course they do.

“The point is that the electorate succumbed to the power of money and simply participated in the election in form of give me money and get my support, give me money and get my vote and go back and do whatever you like. Good governance cannot come with the man in charge doing what he likes.”

11

The Oracle Today Wednesday June 5 – 11, 2019

NEWS Rivers inaugurates 9th assembly as former Speaker, Abani re-emerges as Speaker

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ivers State Governor, Nyesom Wike, has proclaimed the 9th Rivers State House of Assembly, urging the lawmakers to work for the development of their constituencies and the state.

Wike made this known at plenary while performing the constitutional responsibility as assigned

by Section 105 of the 1999 Constitution of the Federal Republic of Nigeria (as amended).

Wike urged the legislators to cooperate

with the executive arm to ensure the implementation of policies and programmes for the good of Rivers people.

“As we usher in the new term of this August House, I pray and hope that your deliberations will be constructive, democratic, progressive and peopleoriented.

“And that you will continue to strive hard with total commitment and sense of accountability and facilitate the implementation of our policies and programmes

to enable us set new benchmarks for development and shared prosperity for our people.

“On this positive note, it is my singular honour and privilege to officially proclaim the first session of the 9th Legislative Assembly of Rivers State,” he said.

Similarly, the Clerk of the House, Mr Standford Oba administered the oath on the 32 elected lawmakers, which amongst others included: Mr Ikunyiawaji Ibani (Andoni state constituency, Mrs Stewart Linda (Okrika) and Mr

Oguguo Anselem (Ikwerre).

The Clerk also supervised the election of two principal officers of the house; the Speaker and his deputy and also administered oaths on them.

Mr Christian Ayankwu, Ogba Egbema constituency 1 during the election of the speaker of the house nominated the former Speaker Mr Ikunyiawaji Abani of Andoni constituency to continue a second term as speaker and the nomination was unanimously supported by all 32 members.

Ihedioha tasks new appointees on rule of law, due process

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mo State Governor, Emeka Ihedioha says he would not tolerate violation of due process and rule of law by government officials in the state.

Ihedioha stated this at the swearing-in of the Secretary to State Government (SSG), Mr Uche Onyeaguocha, and the Chief of Staff (COS), Mr Christ Okewulonu.

He said his administration would promote due process in fulfilment of his campaign promises.

According to him, any government that does not respect the rule of law and

due process will fail.

“It will take you nothing to do the right thing because the laws are there and the rules are also there for government functionaries to work with. As you were sworn in today, I expect you to promote democracy in government,” he said.

The governor also disclosed that he would run an open door policy where everybody has the right to approach government officials for verification.

“This is government of the people, and I will not want any encumbrance of access to the government house,” he said.

FCT Resident Doctors give 21-day ultimatum to management

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he Association of Resident Doctors, Federal Capital Territory administration (FCTA), on Monday issued a 21-day ultimatum to its management to meet its demand or face industrial action.

President of the association, Dr Roland Aigbovo, said this in a news briefing in Abuja to explain the position of the union on the plight of doctors in the FCT. News Agency of Nigeria (NAN) reports that the ultimatum is coming at the end of its 2nd Quarter Ordinary general meeting of the association; with the theme: “Strategic leadership in the healthcare industry.”

Some of the demands according to the communiqué, is the issue of members who were successful in the 2016 and 2017 promotion exercise, but were not promoted to the next grade level as directed by the former FCT Minister, Mohammed Bello.

The group also demanded that members recently screened for the 2018 promotion exercise should reflect the next grade level, and that members should also be entitled to the first 28 days allowance.

The communiqué also requested the

authorities to address the issue of members who have completed their postgraduate training to be converted to consultants without further delay.

The association noted that the health industry was faced with myriads of problems ranging from lack of leadership to poor implementation of policies geared towards

the provision of adequate healthcare delivery.

The communiqué also affirmed that there was the need to provide acceptable and accessible healthcare to the citizenry, stressing that the resident doctors were poised to bridge the gap.

The group also noted that training and retraining had become necessary in line with the vision to

empower its members with a view to supporting policies and programmes in the health sector.

According to the group, such initiative would be geared toward advancing the health industry in the FCT in particular and the country in general.

The president noted that the demands of the union have been discussed

extensively and that members no longer feel comfortable with the delay hence the need for industrial action.

NAN reports that the association has been in discussion with FCTA management over some contentious issues which include: stagnation of our members occasioned by the implementation of the

skipping policy in the FCT. Others include; payment of first 28 days allowance and conversion of some of its members to consultant cadre following their completion of the postgraduate training.

They noted that about 150 members of the association had been stagnated due to the implementation of the skipping policy.

(From left): MD/CEO, Mutual Benefits Life Assurance Ltd., Mr. Femi Asenuga; MD/CEO, Rifugio Communications, Mr. Kayode Thomas; Group Chairman, Mutual Benefits Assurance Plc., Dr, Akin Ogunbiyi, and ED, Operations, Mutual Benefits Life Assurance Ltd, Mr. Rantimi Ogunleye at the commissioning of Rifugio’s new Experience store and unveiling of Rifugio’s Free Life Cover powered by Mutual Benefits Insurance, recently

Group calls for rejigging of Abia security architecture

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he Coalition of South East Youth Leaders (COSEYL) has called on security agencies in Abia to rejig the state’s security architecture to save lives and property of residents.

The group said urgent action was required to tame the rising wave of crime in the state, especially Aba before the city is sacked by criminals.

This is contained in a statement, Monday, by the

group’s President-General, Chief Goodluck Ibem.

The coalition condemned what it described as the increasing rate of insecurity posed to lives and property by rampaging criminals in the state.

“We are miffed by the increasing rate of insecurity in Abia State especially in Aba where criminals harass and even shoot people indiscriminately.

What is worrisome is that

the criminals raid the city without any challenge from the police or other security agencies whose primary duty is to protect lives and property.

“The recent attacks by hoodlums have shown that the police and other security agencies are not gathering enough intelligence required for adequate security of Abia state. This is indeed worrisome.

“On Friday, May 30,

2019, along Park Road in Aba, some hoodlums shot a tricycle operator in the head for foiling their attempt to kidnap a lady he was carrying in his tricycle.

“The hoodlums continued shooting for about 10 minutes and there was no response from the police, army or any other security agency,” they said.

The group therefore called on the state Commissioner of Police,

the military authorities and other security agencies in the state fortify the security architecture of the state for improved services.

The group noted that security of lives and property is the chief responsibility of any government to its citizens, hence the need for the state government to sit up and secure Abia.

“The government cannot run away from its primary responsibility and so they

should provide everything needed by our security agencies to do their job effectively.

“We call on President Muhammadu Buhari, the chief security officer of the nation, the Inspector General of Police, the Chief of Army Staff and heads of other security agencies to quickly rejig their acts to ensure security of lives and property in Abia state,’’ they said.

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The Oracle Today Wednesday June 5 - 11, 2019

HEALTH

Cancers: Avoidable lifestyles as solutions

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bout 90% and above of men globally like taking alcohol on a daily basis--whether they are healthy or not. Some of them, about 80% smoke and indulge in sexual promiscuity. Little do they know that what it adds to them is far little than the much it removes from them. It has been medically proven that about 30 to 50% of all cancers are preventable, but some practically avoidable lifestyles cause many to suffer what could have avoided.

Prostate cancer is one of the most common cancers in men and its incidence has continued to rise in many countries across the globe. The screening for and management of the prostate cancer is one of the most challenging and controversial issues in all of medicine. Recently, people are provided with information and support needed to adopt healthy lifestyle by the world health organization (WHO) and we are complementing that.

Worldwide, tobacco use is the single greatest avoidable risk factor for cancer mortality and kills approximately, 6 million people each year. Tobacco smoke has more than 7,000 chemicals, at least 250 are known to be harmful and more than 50 are known to cause cancers.

Tobacco smoking caused many types of cancers: the prostate, lung, throat, mouth, larynx, oesophagus, kidney, pancreas, bladder, stomach and cervix. Smokeless tobacco also called oral tobacco, chewing tobacco or snuff; all trigger prostate cancer as well as other cancers.

Alcohol use is a risk factor for many cancer types including cancer of the prostate, oral cavity, pharynx, larynx, liver, colorectum and breast. Risk of cancer increases with the amount of alcohol consumed,

rated 1.5 to 1.7 alcoholic content volume of a drink. For several types of cancer, heavy drinking of alcohol combined with tobacco smoking substantially increases the risk of cancers.

In 2010, alcohol - attributable cancers were estimated to be responsible for 337,400 deaths worldwide, predominantly among men with prostate and kidney cases, and women with breast and cervical cases. Avoid alcohol for your healthy living.

In 2012, approximately 15% of all cancers were attributed to infectious agents such as helicobacter pylori, human papilloma virus (HPV), hepatitis B and C and Epstein – Barr virus. The infections, predominately target and attack prostate, vagina, cervix and uterus, the reproductive organs. Over 50% of the sufferers are from the sub – Saharan Africa. Although, vaccines are available for hepatitis B virus and some types of HPV which can reduce the risk of liver, kidney and cervical cancers, respectively; but accessibility to the drugs via the government sector is quite difficult.

Environmental pollution is another heavy risk factor.

Pollution of air, water and soil with carcinogenic chemicals contribute to the cancer burden to differing degrees depending on the geographical settings.

Air pollution is classified as carcinogenic or cancer causing to humans. It has been estimated that outdoor air pollution contributed to 3.2 million premature deaths worldwide in 2012, implicating people younger than 40 years living with cancer of the prostate, breast, cervix and lung. Indoor air pollution from coal fire doubles the risk of lung cancer and breast among non – smoking women. Exposure to carcinogens also occurs via contamination of foods and water, such as aflatoxin or dioxins. Access to good and quality

HEALTH With Dr. JOHN

NWABUEZE •Calls only: +234-8127227226, Email: ogudoben@gmail.com

water supply can save people from danger of cancers.

More than 40 agents, mixtures and exposure circumstances in the working environment are carcinogenic to humans and classified as occupational carcinogens. People working in asbestos, paint, tobacco and other chemical/ petrochemical industries are more prone to the dreaded cancers. Occupational cancers are concentrated among specific groups of the working population, for whom the risk of developing a particular form of cancer may be much higher than for the general population. It is well documented that occupational carcinogens are casually related to lung, cancer,

bladder cancer, mesothelioma, cancer of the outer lining of the lung/chest cavity is to larger extent caused by work – related exposure to asbestos and other chemicals.

Exposure to all types of ionizing radiation from both natural and artificial sources, increases the risk of various types of malignancy including the leukemia solid tumour. Risk increase when the exposure occurs at young age and when the exposure amount is higher. Ultraviolent radiation and in particular solar radiation is carcinogenic to humans, causing all major types of skin cancers such as basal cell carcinoma (BCC), squamous cell carcinoma (SCC) and melanoma.

Avoiding excessive exposure,

use of sunscreen and protective clothing are effective preventive measures. Ultraviolet emitting tanning devices are now also classified as carcinogenic to human based on their association with skin and ocular melanoma cancers all of which metastasizes to breast, cervix and prostate cancers. Radiation is used in medicine at good doses to avoid cancer recurrence and thereby using it to save lives from cancers.

Residential exposure arising from radon, a naturally radioactive gas sometimes present in soil and building materials increase the risk of lung and breast cancers. Radon levels in home can be reduced by improving the ventilation, sealing floors and walls. Therefore, adopting good lifestyles, avoiding smoking, alcoholism, over indulging in fatty foods and chemical substances and unnecessary trendy can help bring solutions to the prostate, breast and cervical outcome.

WHO World Health Organization promotes breast cancer control within the context of national cancer control programmes and integrated to non communicable disease prevention and control. Please, subscribe to cancer preventive measures today and be free from cancers.

•Dr. John Nwabueze Calls only: +234-8127227226, Email: ogudoben@gmail.com

POLITICS

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The Oracle Today Wednesday June 5 - 11, 2019

Gov. Ugwuanyi’s passion Hypocrisy, political sycophancy for peace, development bane of Nigeria’s development exemplary in Nigeria --Monarch – Bishop Emmah Gospel Isong Pg 14

Udenu/Igbo-Eze North: How far can Atigwe go?

•The Issues before him Engr Simon Atigwe alias Muo who hails from Aji, Enugu Ezike in Igbo-Eze North Local Government Area of Enugu State is the new member representing Udenu/Igbo-Eze North Federal Constituency in Federal House of Representatives at Abuja. In the next four years Muo will be trading political tackles with his colleagues on the floor of the House and performing oversight functions before the watchful eyes of the good people of Udenu/IgboEze North who are expecting him to do them proud by attracting dividends of democracy back home. THEO RAYS reports…

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onsidering the harsh economic situation in the country at the moment, Nigerians expect a lot from their political leaders and or representatives. To that extent, the people of Udenu/Igbo-Eze North certainly expect a lot from Engr. Simon Atigwe, Enugu-Ezike-born civil engineer whom they gave the mandate to represent them at Abuja. The pertinent question, therefore, is how far can he go in addressing the challenges facing those that gave him their mandate? To answer this question, it is good to articulate the issues, which his constituents are very keen to see their representative give good attention to from Abuja.

But, first, the point must be made that going to the Federal House of Representatives to represent the people of Udenu/ Igbo-Eze North Federal Constituency, Engr.

Atigwe is taking over from successive Representatives who performed relatively well and impacted positively on the constituents. Counting from 1999 when democracy returned to Nigeria till date, there is no gainsaying that those that have represented the Constituency have made noticeable impact on the people that elected them From the performance of Fidel Ayogu alias Onwa 1999 -2003 under the defunct All Nigeria People’s Party (ANPP) to that of Ifeanyi Ugwuanyi alias Gburugburu 2003 2015 under People’s Democratic Party (PDP) and who later became the Executive Governor of Enugu State in 2015 and the outgoing Representative Hon Dennis Agbo alias Integrity 2015-2019, also of PDP, the people of Udenu/Igbo-Eze North have reasons to give credit to those who have had the opportunity to represent them in the Green Chamber of the National Assembly in Abuja.

As a member of the Federal House of Representatives for four years, Fidel Ayogu was the House Chief Whip and that made him quite visible in the House. In addition to visibility in the House, Ayogu attracted dividends of democracy in the area of amenities mostly water projects, gave jobs to many of his constituents and provided effective political leadership by carrying everybody along. Onwa’s most impressive record is that as a member of the House of Representatives, he was able to build capacity and popularity to contest for the governorship seat of Enugu in a very strong term.

Rising from the House of Representatives, Onwa an Architect from Enugu-Ezike, in 2003 gave the then incumbent Governor of Enugu State, Dr Chimaroke Nnamani a hot chase for the governorship seat in the Lion Building. Moving with a campaign slogan Liberation 2003, Onwa put Chimaroke

on his toes by showing capacity and popularity good enough to win the race to the Lion Building. Fear of defeat not only sent negative spasmodic wave to Chimaroke but also made him employ thugs who unleashed violence against Onwa and his supporters on the eve of the general election that year, killing people in an outright violent attack against Onwa at Ogrute, the headquarters of Igbo-Eze North.

In 2003, Ifeanyi Ugwuanyi from Orba in Udenu Local Government Area, a stockbroker with a penetrating intelligence took over the seat of Udenu/Igbo-Eze North in the National Assembly from Ayogu. Gburugburu as Ugwuanyi is popularly called made the best use of the seat in so many ways through open door policy and all-inclusive leadership to the Constituents. Gburugburu made himself accessible by always picking his phone calls and responding to the needs of the people through philanthropic donations geared towards solving people’s immediate problems. This made him very popular among the people.

Gburugburu’s acceptability and popularity earned him a second term in 2007. As a financial scientist and piercer, the Orba born Stock Broker as second term member of the House found his way to occupy a juicy position as Chairman, House Committee on Marine Transport. Often referred as a gold digger or goal getter by political pundits, Gburugburu took advantage of his second missionary journey to the House to enhance his popularity improving on his cash dash policy and in 2011 he was reelected for a third term in office.

Gburugburu was widely known for provision of stomach infrastructure among his Constituents and that served as the weapon that pierced him to victory. Courtesy of his popularity and of course his ability to send the rain into the pockets of those that come across him, in 2015 he was elected the Executive Governor of Enugu State paving the way for Dennis Agbo, a banker from Uda, Enugu Ezike to take over the seat of Udenu/ Igboeze North seat at the Federal House.

As a member of the House 2015 - 2019, Agbo took a different style of representation by discarding the tone of cash dash focusing his energy on attracting enduring infrastructural facilities to the Constituents.

Popularly called Integrity by his admirers, Agbo attracted a massive project in education by providing a well structured and well equipped classroom blocks at Igugu in Udenu and at Aji in Igboeze North. He also made impact in agriculture by establishing poultry farms at Udenu and Igboeze North among other things he did.

Observers say Agbo out performed his predecessors in their first years on seat and would have certainly go further to outshine them if he had the opportunity to go for more terms. An Observer, Hon Samuel Enyanwuma, told The Oracle Today that Integrity is a wonderful performer who left the legacy of arguably the best to have served in the Federal House from Igboeze North.

Hon Enyanwuma a former Local Government Supervisory Councilor and Chairman of a youth body in Igboeze North known as Egalu Umunano is of the view that the project that Agbo attracted in Education from Abuja will forever list his name in the good book of Udenu/Igboeze North.

Taking over from Agbo in 2019, Atigwe as earlier noted has a huge task to meet the already set standards of quality representation for the good people of Udenu/ Igboeze North. Muo as he is popularly called, the Aji born Engineer is now the political leader of Igboeze North in the first instance, thus he has to provide the people of Igboeze North with a quality and effective political leadership. He has to direct or redirect or in other words strengthen the political life of the third most largest Local Government Area in Enugu State.

There are so many challenges facing Igboeze North mostly marginalization at the State level, insecurity, lack of peace and high rate of unemployment and poverty.

Igboeze North is currently facing marginaliza-

Pg 16 tion in the scheme of things in Enugu State with less number of political appointees behind other Local Governments and lack of project delivery in virtually all sectors of governance. As the third most largest Local Government in the State, Igboeze North deserves to host at least a laudable project in infrastructure facilities either in education or in health sector.

Over the years, the people of Igboeze North shift students in large quantities to higher institutions across the State and also shift patience to hospitals across the State.

It is not bad if Igboeze North plays host to annex a structure for any of the various departments in one of the higher institutions in Enugu State such as Institute of Management And Technology (IMT), Enugu State University (ESUT) and any of the departments in the University of Nigeria Nigeria Teaching Hospital (UNTH). Igboeze North can comfortably host a campus and large sided hospital.

Atigwe can take it up to fight it out for the people by approaching and persuading the people that matters in the State. Good enough that he is in good terms with Governor Ugwuanyi who according to observers was instrumental to his emergence as the choice of the PDP for the House of Representatives election. He also has to use his good relationship with the Governor to attract more political favor in Igboeze North in the area of appointment and delivery of dividends of democracy in the areas of amenities on road, water, electricity and favorable aids in agriculture.

At home front proper, he has to unite the people mostly the political class and collaborate with relevant stakeholders and local forces such as the local government authority, the security agencies, the traditional rulers, the town union and vigilante groups to address the security challenges.

At Abuja he has to do his best to be able to toe the path of a good performer by attracting job opportunities for the youth, attract infrastructural facilities and show visibility on the floor of the House to always make his Constituents proud in that aspect.

He has to ensure to a close relationship with the Constituents, consult widely for quality effectively decision making and ensure that he doesn’t lag behind his predecessors in performance and by so doing put himself in a stronger position to be more popular, more acceptable and possibly place himself in high pedestal for subsequent political movement.

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The Oracle Today Wednesday June 5 - 11, 2019

POLITICS Gov. Ugwuanyi’s passion for peace, development exemplary in Nigeria --Monarch •Says Nsukka Zone remains marginalized in the Coal-City State • Bares his mind on emerging debate on zoning in Enugu • Urges Buhari to use 2nd term to effect positive change The traditional ruler of Amallla in Udenu Local Government Area of Enugu State His Royal Highness Igwe Patrick Eze alias Waziri is a top ranking ruler who doesn’t like to be associated with unjustified praise singing as many like him do. Igwe Waziri as he is popularly called likes to say something in his own opinion the way he feels at it. In this interview with The Oracle Today, the Amalla Monarch bares his mind on a number of issues raging from assessment of first term administration of Governor Ifeanyi Ugwuanyi of Enugu State and that of President Muhammadu Buhari to the expectations of the people of the Coal City State following the second term administration of Governor Ugwuanyi and expectations of Nigeria from President Muhammadu Buhari’s second missionary journey to Aso Rock among other things which includes the emerging debate on the issue of zoning in Enugu State. He spoke with THEO RAYS in Enugu. Excerpts Once again a new dispensation is here in Nigeria with the swearing in of President Muhammadu Buhari (as well as the governors) for a second term in office. What are your expectations from Buhari’s new administration?

Buhari’s second missionary journey to Aso Rock is an opportunity for him to attract more positive changes in the system of things in Nigeria. A more positive change in addressing the challenges facing the inhabitants of the nation. During his campaign for the 2015 election that brought him to power, he promised to bring change to the admiration of Nigeria and consequently he was voted in. People are of the opinion that the change is yet come as expected so let him use the opportunity provided by his second term to give Nigerians the kind of change they are yearning for. There is hardship and hunger in the hand. There is disillusion and confusion among the people. People are committing suicide here and there. People are not happy with reported cases of kidnapping, cultism among the youth and rising rate of unemployment. People are not happy with the reported cases of killing in the name of terrorism, banditry and cases of killings consequent upon farmers versus herdsmen clashes. So let him use his second term to get the country rid of all these challenges pressing badly on the people. Good enough that he is getting these reports because I read where he said on his return from OIC meeting held in Saudi Arabia that he will henceforth fight terrorism with full force. Similarly let him fight banditry, kidnapping and address farmers versus herdsmen clashes with full force. Address hardship and hunger with full force; fight unemployment with full force. Let there be availability of job opportunities for the youth. In most cases hardship, hunger and unemployment despair and force people to delve into crime or end up committing suicide. From the comments of the people, his performance in the last four years fall short of the expectations of Nigerians because the change he promised didn’t come as expected so let him use the opportunity of second term to give Nigerians the real change they desire to see. That is my expectations and advice to Mr President.

Coming down to Enugu State where

State, we were banking on our illustrious sons that have made great mark in their field of endeavor, fortunately Ugwuanyi was chosen among them and today Nsukka people can be bold to say that we produced a governor that is doing wonderfully well. I can also observe that everybody in Enugu is proud of him too because of his passion to carry everybody along. Under Ugwuanyi’s administration, everybody in Enugu is equal. I am mostly impressed with his passion for peace and development of the State. As a matter of fact, his passion for peace, development and policy of inclusiveness drives Enugu like one single family. Under Ugwuanyi’s administration, three things are remarkably working for the good people of Enugu State: one is all inclusive policy, two is peace and three massive development drive in all sectors like road construction in all parts of the State, undertaking of laudable projects in education, health and other sectors all over the State. These are in addition to adequate security measures in place, prompt payment of workers, giving good attention to sports development and addressing the teething problem of unemployment through skills acquisition programmes for the youth. These three issues among others mentioned have combined to make Enugu thick, strong and put the State in a better position for progress. For me, Ugwuanyi’s passion for peace and development is exemplary to other States in Nigeria and I am bold enough to say this.

Okay, narrowing down to Nsukka, what is your assessment of Ugwuanyi’s performance in the zone and what would you like him to do for the zone in his second term?

Thank you very much for this question. I can observe that Nsukka remains marginalized in the scheme of things in Enugu State regardless of what Governor Ugwuanyi did in the last four year for the zone. The marginalization of Nsukka is yet to be addressed properly and as I speak with you, Nsukka zone remains marginalized in so many areas including the area of traditional institution in the State. There is no need going into details because the statistics are there, the facts are there, the wide gap between Enugu and Nsukka is there and I am ready to go in for the debate with anybody.

•Royal Highness Igwe Patrick Eze

Governor Ifeanyi Ugwuanyi was sworn in for a second term, what are your expectations?

Let me first of all say that Governor Ugwuanyi’s re-election for a second term in office is well deserved. And I am happy

and bold enough to say that going by his performance in the last four years, he has made the good people of Udenu Local Government Area and Nsukka Zone proud. When Nsukka people were clamouring to produce the Governor of Enugu

What is your take on the emerging debate on zoning and rotation of power in Enugu State?

The traditional rulers in the State of whom am one were instrumental to zoning over the years and for me it is good to retain it. For now, the issue of zoning as far as am concerned has gone round to the three Senatorial zones in the State under a gentleman agreement. I respectfully wish to say that it is time to take it beyond gentleman agreement and gazette it properly. And by doing so, let the zoning start from Nsukka zone so as to make it more concrete in line with our culture and tradition. Our culture and tradition have it that in a family, the last born takes first from the sharing after the first set of sharing must have gone round. The first set of zoning has gone round and Nsukka like the last born that got the last part of the sharing during the first round have to come first in taking the sharing from the second round. That is the way I look at the issue of zoning and I believe it is well understood.

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The Oracle Today Wednesday June 5 - 11, 2019

INTERVIEW What wares and stocks do you deal in, in this market?

Traders in this market deal in building materials such as wheel barrow, roofing sheets of all types, nails, shovel, doors, tiles, ceiling of all types, head pan, cutlasses, rods, tanks, among many other things.

What is the level of patronage in terms of people coming from different areas to buy goods here?

This market is the largest building materials Market in West Africa and people come from all over the place to patronise us. We sell quality goods and materials at cheaper rates compared to what obtains in other places. Majority of traders in this market are manufacturers and importers. We manufacture building materials in our different factories, display them here and sell them. Some of us import what we sell and customers come from different places, both within and outside Nigeria, to patronise us.

How would you evaluate security situation in this market?

There is adequate security in this market. Apart from our internal security made up of vigilante personnel and market task force, the Commissioner of Police in the state and the Divisional Police Officer of Ogidi Station also assist us with police personnel to beef up security of lives and property. The security operatives are doing great work and everything is moving on well.

How do you check activities of touts and illegal tax collectors?

We have task-force and security men in this market. They help us check such activities. Anambra State government has made it very clear that it does not want touting and illegal collection of levies in any market in Anambra State and we are supporting the state in this regard. Our task force is working very hard to eliminate touting and illegal levies in this market. We have about 17 men that are fighting illegal levies and touting in this market. Even before government’s pronouncement on touting and illegal levies, this market already had zero tolerance for such activities.

Has your task force been able to arrest any person in connection with touting and illegal collection of levies in this market?

Yes, we have arrested three persons already, and handed them over to the appropriate authority for necessary action.

What strategy do you adopt to ensure cleanliness in this market?

This market is well organised. As you can see, every section and line in the market is well-tarred. Our policy is that every trader will have waste bin where he puts refuse. When it is full, he drops it at the general dust provided for the market by the Anambra State government. The waste bin is in front of the market. Waste disposal personnel come with their vehicle on a daily basis to dispose of the waste. This is a decent market with decent people, because, we believe that cleanliness is next to godliness.

What is your relationship with your executive, and what is the relationship of this market with the state government?

Executive members of this market work together, think together and eat

•Chief Nwankwo

Why we are supporting Anambra State government’s fight against touting, illegal taxation – Chief Nwankwo Chief Jude Nwankwo is the President- General of the Building Materials International Market, Ogbunike, Anambra State. In this interview with OGE ONYEANUSI, the market leader takes a look at activities in the market, among other issues. together. We do not have any Judas among us. We also work in harmony with the state government. The Hon. Commissioner for Trade, Commerce, Industry, Markets and Wealth Creation, Dr. Christian Madubuko, is doing wonderfully well to make sure that all markets in the state are doing very well. We are working in good terms with him. We are also partnering AMATAS, the leadership of all the markets in the state.

Apart from funds you generate internally in the market, Anambra State government equally supports markets with funds. What developmental strides were you able to pursue with these funds?

We benefitted from the first phase of N10 million given to each market by the state government. We used it to construct drainage within the market.

What facilities do you have in this ultra modern market?

With our personal efforts, we were able to provide toilet facilities, boreholes, gigantic secretariat and security towers. Anambra state government provided us with firefighting equipment and personnel. Besides these, we have ultra-modern parks, commercial banks, restaurants and recreational facilities within the market.

What challenges do you face presently in this market?

We created a new market at the back of this very one. It is an extension of the Building Materials Market. We created an access road to the new market with drainage system in place but our appeal is that the state government would help us tar the road. It is barely on kilometer.

Again, the state government promised to provide street lights and CCTV in this market, but it is yet to redeem the promises. It is also our humble appeal that the state constructs pedestrian bridge to connect the market with the Bakery

Material Market opposite our market.

Hundreds of thousands of people ply the ever busy road on a daily basis. As a result, we record casualties because this is an expressway. The bridge will save a lot of lives if put in place.

What is your appeal to traders in the market?

My appeal is that they should support us and work with us. They should also support the government of Anambra State in all its policies by being law abiding.

How has this market been helping the state in efforts to raise its IGR? We have been paying our taxes and dues whenever necessary. We have been paying sanitation levies, market taxes, development levies, among other things. So, we have been doing our best to assist in raising the state’s IGR in our own capacity.

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The Oracle Today Wednesday June 5 - 11, 2019

INTERVIEW

Hypocrisy, political sycophancy bane of Nigeria’s development – Bishop Emmah Gospel Isong

INTERVIEW

Few weeks ago, the federal government secured a radio license for the Fulani herdsmen, do you welcome this decision of government?

My take on that is very simple; all other ethnic groups should also ask the federal government to provide them their radio that ends the news. The Ibibio’s should go for their radio, the Annangs should go for it also, sponsored by the federal government, the Itsekeris should go, the Hausas should go, Igbos should also go for it. They no longer need to hide under IPOB, they no longer need to call it radio Biafra, Radio Igbo, so me it’s a good development by the federal government, it will broaden the scope and provide all the 370 tribes their own radio station so it’s a good development and I support the federal government.

Still on the issue of herdsmen radio, the federal government said its under nomadic education in the federal ministry of education?

Yes that’s why I’ve said earlier that every tribe should also be accommodated by the government, other tribes also have nomadic education. You’ve come here once, and I said the only way we can solve the problem of Fulani herds-

men was that we should have Ibibio herdsmen, and Igbo chicken men, you people laugh because you don’t write these things I am saying. The Ibibio people should form themselves into Ibibio goats men, the Ijaw should have Ijaw fishermen, these things will balance well, and people won’t listen to me. I have my way of balancing situations. All those crying foul and crying bull will not help us, these people have gone far. If these herdsmen, goats’ men and fishermen had formed themselves, it would be 50-50, and by now Buhari would have said that what is sauce for the goose is also sauce for the gander and this is political balancing. Once these people come with A, you come with B and it balances and these things will be quiet. Nobody understands grammar, most of these Fulani herdsmen, they don’t listen to news, they don’t read your newspaper, these things people should proactively and intelligently handle situations. If for instance someone is coming with a knife to stab another and he knows he’s about to be stabbed, I should also carry a knife with me. If you say your knife is for tomatoes, mine is for potatoes, so you laugh I laugh, but something should let you know that I am ready for you. So when you say you were not coming to kill me, I will also say I am not coming to kill you, you say I am not harming you and I also say I am not harming you, so it becomes a comedy and we end the nonsense. When we begin shouting that they are going to kill you, or me then the people will begin to laugh. What an average extremist wants to hear is that you are frightened, cry foul and begin to raise alarm that is the islamization.

The condition upon which the minds of the people have been subjected to intimidation and fear to the point that they begin to run away that is islamization. Islamization is mind control, systems and policies, influencing laws and ways of life, full stop. Nobody will force you to come under Koran but so far you exercise that influence and fear that they have come. How do three armed robbers intimidate the whole state by creating fear. With two gunshots, all of you scramble under your beds. Have you ever seen an armed robber in the police station, he is like a baby in nursery school, power must equate power to bring down the equation – that is what is called equilibrium. So nobody should sit down here and talk about islamization, raise an equal and balanced thing, bring something to the table. If they are talking about nomadic education, we have a lot of nomadic people in my village with goats, they should also wake up. The governors of the south/south, Southeast and south-west should also raise up. You get a radio, I get a radio. So there should be equal request. People should stop blaming Buhari or whatever. If for instance I am a father and have five children, one

comes to my table and I’m eating bread and he says daddy give me bread, instead of you to ask for your bread, you start making noise, he is giving my brother bread this is not a good house, it’s a storm in the teacup. What the four brothers should do is to march on a line to my bedroom and say yes sir, I am told bread is flowing I need my own, I will give you your bread.

So do you believe the South East Development Commission for the South East is a move in the right direction considering the fact that we have the NDDC and now the NEDC? As much as possible. As much as we can do anything to develop Nigeria. Why must one section have the Niger Delta Development Commission and another area has the North East Development Commission, it’s their right. That is why people are clamoring for restructuring; it was an economic restructuring and not really a political restructuring in a way. We are saying that there is an imbalance in the development of Nigeria and number two, Nigeria did not start with this kind of federalism. This federalism does not favour equal development of all the regions.

Like you see what has been happening in Zamfara, people have been profiting from gold, diamond and you and I were feeding them with the money from oil when they have all these resources.

If you are fighting oil bunkering in Bayelsa, you are not fighting diamond bunkering in Zamfara. So it is this inequality, unfairness and unevenness in the development of the country that causes the tribal agitations, regional restiveness, and of course the formation of militia groups which tomorrow, without good security archicture, can burst into a worse civil war than Rwanda this is what we are crying for and so my advice is always technical, and I am saying that without peace, which is the pivot of other economic development, Nigeria will not go far. All these houses people are sharing and driving big cars, three months civil war, everybody will scramble for help.

What do you think is really the bane of Nigeria’s development?

I wrote on my twitter page that the bane of Nigeria’s development is social hypocrisy and political sycophancy.

I ask a question today, must all PDP people attack Buhari, and not find out a good things he has done, must all APC people say that Buhari has performed 100%. It’s sickening to hear APC say that Buhari is a perfect man, nothing is wrong and carry go, I cry and weep.

For the PDP people, is there nothing good that Buhari has done for the past four years, can you be honest and say he did nothing, you cannot say that. As for the APC people, be very honest with yourselves, do you think people are feeding well with this Buhari economy,

Presidential panel recommends state, LG police residential Panel on Reform of the SpePNigeria cial Anti-Robbery Squad (SARS) of the Police Force has recommended the

As Nigeria marks 20 years of democracy, PFN Publicity Secretary, Bishop (Dr.) Emmah Gospel Isong spoke on how the nation has fared, the challenges facing the country as well as the Church and identifies hypocrisy, sycophancy as the bane of Nigeria’s development. From Calabar, ANIEKAN ANIEKAN, reports...

Nigeria recently marked 20 years of democratic rule and a number of our compatriots seem to loose faith in this democratic experience, so do we have any reasons to be optimistic?

The only thing that makes a nation thrive forward in the midst of crisis is optimism, positivity, patriotism. Nigerians are very resolute people so the spirit of hope. So Nigerians should drop negativity, hypocrisy. I use this medium to appeal to Nigerians to respect offices because offices today may be Mr. A, tomorrow it will be Mr. B. so if you abuse the president today and say he is a cow, tomorrow you and that office will you like somebody to call you a cow, animal, idiot. In America for instance, as dirty as American politics is, if you burn American flag or speak against America, both Trump, Hilary, Obama will drop their differences and fight. When Osama was killed they all rejoiced because he was a common enemy of America.

So let us see hunger, unemployment, terrorism as our common enemies. The problem with the country is that the winner takes it all and it’s not too nice.

Bring in one or two people of opposite opinion. Criticism and opposition are not signs of enmity. As at now, nobody around Mr. President has been bold enough to tell him that there is hunger in the land, nobody has been bold and I can tell you that President Buhari does not know. The only one that was close to that was when Amaechi’s alleged audio tape leaked and he later denied that his voice was cloned so I now ask if his voice was cloned is it true that Nigerians are suffering?

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The Oracle Today Wednesday June 5 - 11, 2019

•Bishop Emmah Gospel Isong

do you feel they are eating, are they happy? This is the kind of hypocrisy that makes me feel we have abandoned the project called Nigeria and are pursuing different chicken in our mother’s backyard. Nobody is honest and speaking the truth. Very close to the truth is Okorocha of Imo. You people call him a devil but watch a statement he recently made at the National Economic Council, I don’t know if you watched that clip that is the boldest Nigerian alive by its mother. He stood in front of Osinbajo and others and said very crucial things particularly that we have failed the people. He said Buhari has good intentions but he identified the enemies of democracy and the people heating up the system. How many Nigerians can speak like Okorocha, I’m not his fan but I feel he is the boldest man alive in the country. We don’t speak the truth to power. People don’t come headlong and collide for the sake of our children so that what you suffer, your children will not come and suffer.

As an economist, what do you think of the recent NFIU decision stopping state governors from transacting on local government funds?

As an undergraduate, my thesis was on local government autonomy, so I am more or less an expert on local govern-

ment financing. Who are the grassroots and the local government areas, what is the closest government, who is in charge of the paramount rulers, the primary school teachers, if you put all these answers into a basket, it is being undertaken by local government councils. The only caveat is abuse of power and it was under that guise that state governors came as senior brothers to keep the money and they are eating it. Imagine any local government in Nigeria having one solid cottage industry, in 774 local governments, just think about it, with our over 8 trillion naira budget, do you think the government does not have the capacity to create one cottage industry all the local government areas. You can see that we are hypocritical and not sincere to the population. All politicians return to their wards during elections and even me I went to my ward, that’s where voting begins. If local governments were developed, there will be no ruralurban migration therefore crime will reduce. How does crime begin, it starts with 600 youths coming from Ogoga, arrive in Calabar for greener pastures and after six years, they have not been able to have a house to stay, no food to eat, and the devil will use any idle hands work.

Do you think religious leaders have failed in their work overtime considering their level of closeness with members of the political class and government officials?

Government, politicians have infiltrated the whims and caprices of religions corridors, polluted pulpits both on mosques and churches, played the game for many years. There is no government functionary that is not taken to church. They have entered our buttocks, and have perched on our scrotum like a tsetse fly. So the answer is a retracing of the steps by the church.

The religious system must pull out of the political circle, and then you can be a voice of your own. And secondly, government should stop campaigning on the pulpit and stop spreading messages on the pulpit. Any message you have, call your religious leader and talk to them to go and tell their members.

Don’t carry campaigns and messages to the pulpit because it has caused problems. There is nowhere you take politics to and there will be no problems. If you take politics to your bedroom, you and your wife will fight, so the political infiltration by political platforms is what you are seeing not that religious leaders have failed in their work.

establishment of state and local government police.

Chairman of Panel/ Executive Secretary, National Human Rights Commission (NHRC), Mr Tony Ojukwu, disclosed this when the panel submitted its report to President Muhammadu Buhari on Monday at the Presidential Villa, Abuja.

The panel also recommended the dismissal of 37 police officers and 24 for prosecution.

Buhari, had in August 14, 2018 directed NHRC to constitute a Special Panel to investigate allegations of human rights violations and abuse of office against SARS and the Nigeria Police Force.

The panel was also mandated to recommend the reform or restructuring among other appropriate recommendations to improve public safety and security in the country.

Ojukwu said that the panel was accordingly constituted and comprised representatives of relevant institutions.

He said that the Panel called for and received 113 complaints on alleged human rights violations from across the country and 22 memoranda on suggestions on how to reform and restructure SARS and the Nigeria Police in general.

Ojukwu said that the panel sat in the six geo-political zones of the country to afford complainants and the police the opportunity to present and defend the allegations.

“At the end of its public hearing and having listened to complaints as well as defendants and their counsel, the Panel recommended thirty seven (37) Police officers for dismissal from the force. ”Twenty four (24) were recommended for prosecution. The panel also directed the Inspector General of Police to unravel the identity of twenty two (22) officers involved in the violation of the human rights of innocent Citizens.

“The police was directed to pay compensation of various sums in forty—five (45) complaints and tender public apologies in five (5) complaints and directed to obey court orders in five (5) matters.”

He said that the police was directed to immediately arrest and prosecute two (2) retired senior Police officers found to have violated the rights of citizens (one for extrajudicial killing and the other for illegal takeover of Property of a suspect).

The chairman said that the panel also recovered two vehicles illegally auctioned by SARS Officers and returned them to their owners.

He listed some of the other key recommendations of the panel to include: “Significant improvement in the funding, kitting and facilities of the Nigeria Police Force; strengthening Information and Com-

•Tony Ojokwu

munication Technology of the Force.

“Establishment of State and local government police.; institutionalising a Special Investigation Panel to annually hear and determine complaints on alleged human rights violations against operations of the Nigeria Police Force; “Strengthening the Police Rapid Response Complaints Unit of the Nigeria Police and other internal complaints mechanisms of the Force to make them more responsive.

“Renaming the Special Anti—Robbery Squad (SARS) to Anti-Robbery Section (ARS) which was its original name and to make the section operate under the intelligence arm of the Police from the divisional, area command, state command, zonal command up to the Force Headquarters level. ”This will also remove the stigma presently associated with the name SARS. Ensuring the ARS limits itself to tackling armed robbery while other intelligence and operational units are strengthened to perform their various special tasks.”

Buhari said the panel was constituted as a result of public outcry and various media reports on allegations of human rights violations perpetrated by officers and men of SARS. He said that reforming the Nigeria Police Force in line with Nigeria’s laws and international best practices had been one of the major policies of the administration.

“In order to reposition the Nigeria Police Force to effectively carry out its statutory responsibilities, I have taken major steps by increasing the workforce of the Nigeria Police as well as improving the welfare of Police officers, because they put their lives on the front line on a daily basis so that the rest of us may freely go about our business in safety.

“However, in carrying out their statutory responsibilities, the police must at all times act within the ambit of the law and must not violate the fundamental human rights of Nigerians whom they have sworn to protect.

“Where the rights of Nigerians are violated by police officers while discharging their functions, the government has a responsibility to address the instances of violation in line with its human rights obligations and ensure that such Police Officers are held accountable for their actions.

“It is in recognition of our obligations under the Constitution of the Federal Republic of Nigeria and International Human Rights Laws, that this Administration decided to set up this Presidential Panel and directed the National Human Rights Commission (NHRC) to constitute its membership in order to investigate the various public outcries and media reports alleging human rights violations against citizens by officers of SARS. “The panel was empowered to make appropriate recommendations not just for holding Police Officers found wanting accountable, but also, on ways SARS and by extension, the Nigeria Police could be generally reformed,’’ he said

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The Oracle Today Wednesday June 5 - 11, 2019

INTERVIEW Plastic bags ban has created thriving industry for youths in Kenya –Environmental activist Preparatory to establishing the Nigerian Chapter of Catholic Youth Network for Environmental Sustainability in Africa (CYNESA), Allen Ottaro, the Kenyan-born Executive Director of the faith-based environmental group which is mobilizing African youths to fight environmental challenges in the continent in a unique manner, paid a working visit to Nigeria. In this interview with BONIFACE OKORO, the 35-year old Kenyatta University graduate of Environmental Planning and Management gave an insight into the workings of the group. Ottaro said that Kenyan government has demonstrated its firm commitment to environmental sustainability in that country by banning single-use plastics, adding that inventing alternatives has led to youths producing bags and ornaments from water hyacinth.Excerpts: What is CYNESA all about The network is a platform that serves to bring together young Catholics from all across the African continent to respond to the twin challenges of environmental degradation and climate change. The idea is to create a forum where, as young people, we can offer solutions to these very important challenges that face our continent which is on the frontlines of issues that have to do with climate change, but also environmental degradation.

The uniqueness that this network aims to bring is the faith perspective to these challenges.

What are the objectives of CYNESA At the moment, our work is divided into three main areas. The first area is formation, that is bringing awareness to young people but also to the wider community; being able to help the young people to understand what are the contemporary environmental issues that we face in the continent but also to understand what our Catholic faith invites us to do as a response towards these environmental challenges.

Contemporary environmental issues are important to understand because it is difficult to act completely if people do not understand why is it they are acting.

For example, some years ago, there was a big campaign in Kenya to plant trees. Some people saw a business opportunity out of that and they planted a lot of eucalyptus tree because the electricity company was buying the logs from these trees to make poles for electricity transmission.

Well, some were planting these trees along river banks and these trees are very water intensive, so they suck a lot of water from the ground and as a result, those rivers and streams were drying up.

So, the intension was good in terms of planting the trees but they planted the wrong trees in the wrong place. If they had understood what type of trees are suitable for climatic zones that need to be grown in specific areas, then they would really have been able to benefit the environment.

So, for us, education is really important for people to understand what solutions are necessary at what time and what context.

The second area of work that we have is networking and advocacy and the organization itself, by its very nature, is a network, which means that we connect different people in different parts of the continent.

The network was formed in Kenya, but

we said that young people in Kenya would also have to share with our colleagues in Tanzania, Zambia and Uganda, to know what it is that they also face.

It is easier for people who are making environmental policies and leaders to listen to you if you speak as people from many countries rather than when you speak as only one country.

The third element of our work is facilitating young people to create concrete environmental action plans relative to their areas.

What has CYNESA been able to achieve I can say that we certainly have achieved some milestones. One of the key things we have been able to achieve is to establish the presence of the network in 10 countries at the moment and part of my mission is to help establish a chapter of our network here (Nigeria) because we have not had the opportunity to have our presence in West Africa. So, Ghana and Nigeria will be the first two countries that we will be able to establish our chapter in West Africa. We also have a chapter in Tanzania, Zambia, Zimbabwe, Rwanda, Burundi, Democratic Republic of Congo, South Africa and Uganda The second area is being able to awaken the realization among young people, especially among young Catholics, of the connection between their faith and care for creation.

People will think that caring for the environment is for the people from the environmental management authority or from the Ministry of Environment.

But we were able to help to them realize that, in fact, care for the creation is something that is a task for everybody, that everybody is affected by the impacts of environmental degradation and therefore everybody has a responsibility to do something towards addressing that.

We have also been able to run a number of projects. In Kenya, we’ve been able to run waste management training in the County of Mombasa and this was fruitful because it targeted women leaders from different faiths and traditions – Christians, Moslem, Hindus, etc., and brought them together to say how can women be able to participate in managing the waste that is produced at household level because when it goes out to the neighbourhood, it creates a problem for everybody.

In this programme, we were able to get together the representatives of County government in Mombasa but also the representative of the national government and the National Environmental Management Authority. Often in our

•Allen Ottaro

communities, it is a blame game: government officials would always blame the citizens for destroying the environment and citizens would always blame the government for not doing enough to protect the environment.

So, in this training, we were able to bring everybody together to create a space for dialogue and say let’s not blame each other but let’s find out what does each one of us have to do; what is the view point of government, what is the view point of the community; how do we join forces and arrive at a mutual area of agreement where we can actually work together.

In Tanzania, we had some success with the engagement of some schools. We have what we call a very successful club at Loyola High School at Dar es Salaam in Tanzania where they were able to set up a club in their school which has been taking a lead role in effective environmental management on the school campus.

So, the club has managed to get other students and even teachers to be able to say reduce the use of plastics in school, thereby reducing the amount of waste generated at particular point in time.

We’ve also been successful in getting accreditations with the United Nations agencies that deal with different environmental issues. For example, we now have accreditation with the United Nations Environment Programme which has its headquarters in Nairobi; the United Nations famous Convention on Climate Change which means we are able to access documentation and invitation to meetings where policy makers are meeting to discuss important elements to deal with climate change at global level; the Convention on Biological Diversity which enables us to follow what is the thinking at the global level in terms of biodiversity and how can we then act locally in terms of protecting our bio-diversity but also

being able to have access to the people who make policies for our governments because in a lot of these meetings, you have easy access to your policy makers than if you are trying to get appointments to go and see them in their offices at home.

What is your assessment of the commitment of your home government to sustainable environmental programmes I can say that there is a strong commitment. This is also based on the tradition of environmental leaders that we have had in Kenya. Just to mention the late Prof. Wangarĩ Maatha who won a Nobel Peace Prize because of her work on environmental protection and she is known world-wide for establishing the Green Belt Movement which is well known for promoting environmental preservation.

About two years ago, the government of Kenya banned the use of single-use plastic bags and now, people are no longer allowed to use single-use plastic bags.

If you go shopping in a super market, you have to use a reusable bag and the industry players have been able to adapt and to find alternatives because in the beginning, many people in the manufacturing sector were making a lot of noise and saying, well, it is not possible for us to ban plastic bags because we will lose a lot of jobs in those industries which make the plastic bags and there are no alternatives.

But the government showed its commitment and its resoluteness by sticking to the law and they ensured that the creativity of people in finding alternatives that are specific to the law were able to come up.

Now, people go shopping in the supermarkets, they carry their bag packs, others carry woven bags from daiso, for example, or from weeds that can be found

Continued on Page 32

19

BU$IN£SS The Oracle Today Wednesday June 5 – 11, 2019

•Energy •Finance

•Stock

•Insurance

•Aviation

•e-Platform

Nigeria’s oil reserves target remains elusive

By SOPURUCHI ONWUKA

G

overnment’s aspirations of the petroleum industry over the past 15 years remains from realization following a number of fiscal and policy twists in the operating environment.

Principally, the country’s target to build sustainability in the industry through sundry programmes to grow cumulative reserves stock to over 40 billion barrels of liquids is almost unable to spark off, and visibly appears to be in reverse movement.

Consequently, the realization and sustainability of other policy aspirations for the petroleum industry including growing production to 4.0 million barrels per day, increasing Nigerian content of the industry to 70 percent, and developing a continental upstream industry activity hub have become elusive.

From cumulative reserves status of 37 billion barrels when the targets were set in 2005 and deadline for realization was set for 2010, the industry has struggled to post a reserves status of 36.1 billion barrels at the end of 2018, indicating marginal depletion.

According to data available at the Department of Petroleum Resources (DPR), industry exploration verve took a plunge in 2006 when investors and government polarized over fiscal proposals built into the Oil and Gas Industry Reforms Committee (OGIC) Report which later transformed to the controversial Petroleum industry Bill (PIB).

The vehement disagreement between investors and government over tax issues and new operating terms that separates gas from oil agreements did not only stall legislative movement of the bill at the National Assembly, it also froze licensing rounds in the country since 2007 and cut industry investments in new deepwater exploration.

Shell which leads upstream operations in the country had

declared in an official statement that further investments in exploration would not happen, adding that it would channel its wild cat investments to other regions where the terms of operation are better.

The company had stated that the realization of the country’s broader economic aspirations would also suffer from the impact of bad upstream policies as, it pointed out, private investments that would support revenue targets from the petroleum industry would not come.

The Oracle Today reports that the petroleum industry accounts for over 90 percent of government’s total foreign exchange revenue, over 80 percent of total funding support to international trade and over 75 percent of total national commodity export.

The petroleum industry also provides over 60 percent of total revenue support to government’s annual budgets, and contributes about 40 percent of the country’s gross domestic product (GDP).

Since the fiscal dispute broke out between government and investors in the industry, exploration activities have barely struggled to slow reserves depletion as commercial investors deploy more attention to cost plus margin recovery through accelerated development and production investments.

Shell’s Bonga Main deepwater field came online in 2005 to lead a string of resource recovery operations in the region. Since then, ExxonMobil has brought online its deepwater Erha field, and Chevron has streamed its deepwater Agbami field.

Total has been most prolific with deepwater asset recovery, consecutively bringing online the Akpo, Usan and Egina fields. It is also working on development of proximate Porewei deepwater field and conventional offshore Ikike field.

Together, the deepwater developments produce over a

CBN Exchange Rates as at june 3, 2019 Currency Buying(NGN) Central(NGN) Selling(NGN) US DOLLAR 305.95 306.45 306.95 POUNDS STERLING 386.3843 387.0157 387.6472 EURO 42.664 343.224 343.784 SWISS FRANC 306.8091 307.3105 307.8119 YEN 2.825 2.8296 2.8343 CFA 0.501 0.511 0.521 WAUA 420.7962 421.4839 422.1716 YUAN/RENMINBI 44.2909 44.3637 44.4366 RIYAL 81.5823 81.7156 81.849 S/AFRICAN RAND 21.0686 21.103 21.1375 DANISH KRONA 45.8751 45.95 46.025 SDR 421.4767 422.1655 422.8543

•Tourism

Energy WED 2019: Chevron Nigeria Limited’s commitment to environmental stewardship P24 Insurance

Life insurers generated N329bn premium from annuity in 2018 –PenCom

GMD, NNPC, Dr. Maikanti Baru million barrels of oil per day. This implies acute depletion in a country with poor reserves replacement ratio.

The 1993 production sharing agreements (PSAs) which formed the basis for exploration activities that yielded Nigeria’s initial deepwater discoveries are also currently under implementation crises, leading to accounting disagreements at export terminals and further worsening investor confidence in the upstream exploration.

Few deepwater exploration successes including the Owowo and Etisong are results of optimization activities in already active licenses.

However, the few deepwater discoveries and appraisal upsides in producing assets have proved insufficient to build enough reserves to fully replace output from production sites.

The situation in the country is worsened by the allure of recurrent acreage licensing rounds by governments of countries in emerging exploration provinces in the African continent where major multinational companies with significant interest in Nigeria are now diverting exploration energy.

Thus, the rising competition for investible exploration funds has worsened the phase of fiscal impasse in the local petroleum industry to inflict negative reserves to production ratio on the national petroleum stock balance.

With Nigeria pumping oil everyday under 55 joint venture agreements, 35 production sharing contracts, few sole risk agreements

and a number of marginal field operations, production pressure on existing reserves translate to rapid depletion.

Thus, national aspiration for reserves growth has missed several deadlines since 2007, 2010, and 2015 deadlines. And it will ultimately miss the new 2020 deadline as deepwater rig count remains low and wild cat spuds zero down.

Whereas failures in the realization of petroleum liquids production, processing and other value derivation targets are more pronounced, the sustainability of the industry is falling behind targets as exploration investments drop.

According to records at DPR, reserves currently has fallen to 36.1 billion barrels while depletion rate has risen to 1.9 percent, indicating that the country will run dry of oil in the next 50 years if urgent steps are not taken to rebuild reserves.

Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, admitted in a presentation at an industry conference that regional competition for exploration investments have toll on Nigeria’s reserves growth targets, lamenting that indigenous companies have not reached the height to assume control of the industry.

He stated that Nigeria must position for attraction of floating international exploration funds in order to grow her crude oil reserves by minimum of two billion barrels a year as the only way to overcome depletion and move towards growth target.

P26

TRAVEL

Transcorp Hilton Abuja, Ethiopian emerge top winners at WTA 2019

P27

e-Platform

Nigeria records N34.02trn e-payment transactions in Q1 2019 P28 Equity & Capital Market

Poor sustainability practice, bane of business failures –Alake P29

Stock Market Highlights As At MONDAY JUNE 3, 2019

Summary

ASI DEALS VOLUME VALUE EQUITY CAP BOND CAP ETF CAP

30,928.29 3,850.00 246,091,330.00 N2,817,979,536.21 N13,622,477,916,538.18 N10,914,606,433,681.10 N5,851,500,101.64

Top 5 Trade S/N Coy 1.

FCMB 2. GUARANTY 3.

OANDO 4.

UACN 5.

ZENITHBANK

(By Volume) Value(N) 70,558,374 N112,981,755.37 33,986,838 N1,069,476,403.30 27,145,333 N103,268,852.35 24,334,114 N157,156,741.35 8,843,607 N178,536,673.15

5 Top Gainers

Symbols NESTLE FLOURMILL DANGCEM UPL ACCESS 5 Top Losers

Last Close Current N1450 N1460 N13.6 N14 N199.5 N199.8 N1.8 N1.97 N6.1 N6.25 Last Close Current

SEPLAT JBERGER NASCON ETI GLAXOSMITH

N549.9 N21.85 N16.25 N11.15 N8.5

N500 N19.7 N14.75 N10.05 N7.65

Change 10 0.4 0.3 0.17 0.15 Change

%Change 0.69% 2.94% 0.15% 9.44% 2.46% %Change

-49.9 -2.15 -1.5 -1.1 -0.85

-9.07% -9.84% -9.23% -9.87% -10.00%

The Oracle Today Wednesday June 5 - 11ߺ, 2019

ISSN: 2545-5869

The

EDITORIAL

racle www.oraclenews.ng

Today

20

VOX POPULI SACRUM

Help Patients with Depression

O

wing to the hard times witnessed in the past few years, many Nigerians have come down with different types of mental disorder. It is no surprise that cases of suicide are rising in the country. Yet, our people do not even understand that many who commit suicide are just patients that deserve treatment or care.

Depression is a medical condition marked by loss of interest or pleasure, inability to sleep, weight loss, constant fatigue, muscle aches, headaches, back pain, restlessness, feeling of guilt, and thoughts of suicide. One interesting fact is that this sickness affects every class of people: rich and poor, old and young, employed and unemployed, educated and uneducated, married and unmarried, men and women.

The World Health Organization states that depression is the leading cause of disability in the world, as the number of people suffering from depression and or anxiety disorders have increased by almost 50% since 1990.

In commemoration of the World Mental Health Day 2018, recently, the Nigeria National Depression report states that at least 60 million Nigerians are at risk of suffering from depression.

It further found: “31.6% of polled respondents reported experiencing depressive symptoms.

Putting this in perspective, 3 out of every 10 Nigerians are at risk of depression; 27.8% of respondents reported experiencing symptoms of anxiety. While both physical and mental health is important for a flourishing life, mental illness explains more of the misery in the society more than physical illness, poverty or unemployment.”

A depression patient could jump into a well or river and drown. She could deliberately drink a poisonous substance. He could tie a rope to a tree and hang. She could fall from a tree or high-rise building. He could run into a vehicle on an expressway. He could become addicted to

drugs in a vain effort to “cure” his worries. Suicide national mental health policy and creating a viable bombers used by terrorists could be patients with legislative framework to meet global standards, indepression too. When a man decides to give up his vesting in public education to influence the culture life for a cause, he means business. to one that promotes resilience and creates safe Anyone who shows signs of depression should be spaces for emotional and mental healing, and inwatched closely. One pervasive form is the one vesting in research, innovation and development.” that usually afflicts women during pregnancy Those who control the resources of the nation should (prenatal depression) or after they have given give their compatriots hope, or else they will conbirth (postnatal/postpartum depression). And tinue to live in fear with suicidal neighbours. Acts medical authorities say it afflicts two out of every of injustice and economic recessions fuel suicidal 10 women of childbearing age. Left unprotected, tendencies. Over 130million Nigerians live below she could easily commit suicide. the poverty line today; they have become nervous Of the 60 million Nigerians estimated to be dewrecks. Frustration has kept many in beer parlous pressed, perhaps half a million are already dead. where they take illicit gin or sniff Indian hemp.

Only high-profile cases are reported. Many “Only when people are sustainably happy can they communities choose to live in denial: they attribtruly flourish, innovate, and make the world a ute deaths by suicide to supernatural forces or better place,” said Damola Morenikeji, one of the “the enemy” at work. Some heap blames on the authors of the Depression report. “The collecvictims. At times, even the relations of a suicide tive roles of governments, businesses, and other victim refuse to disclose the actual cause of death, stakeholders have to transcend from creating an for fear of being despised. environment purely for wealth creation to creating Things are getting unbearably tough in the country, environments that facilitate the genuine well-being and mental diseases like depression, which are and flourishing of people. rarely treated here, are taking their toll on Ni“Human misery is real; the goal of every intervention gerians. It is only when a mental case becomes should be to reduce misery while increasing the irreversible that family members chain the victim happiness of people. Investing in citizens’ happiand seek psychiatric doctors. ness and well-being should not be a luxury, but a We are great pretenders, however. Many Nigerians necessity.” live false lives – they buy big cars and houses with Nigeria has no job for psychologists yet. Thankfully, money borrowed from banks. Until recently, religious houses have taken over the job. Let peosmiling faces were common wherever you went, ple understand, however, that mental illness is of despite the misery in the land. various types. It is not only the people admitted in We do not approve of suicide or thoughts of suicide psychiatric hospitals or who roam the streets and in any way. Only a coward would take their own eat from dustbins that are “mad”. It takes a mental life. Many people who faced extreme poverty a illness for one to consider taking their own life. decade ago are millionaires today, and it is not because they took to armed robbery, cybercrime or other crimes.

Our Vision The Nigeria National Depression report advises: TO BE among the top five newspapers in Ni“Nigeria needs to be proactive in taking mental geria and, in due course, the Numero Uno; and emotional health seriously by reviewing the to be a newspaper of records that effective-

ly caters to the information needs of all segments and sections of the Nigerian society as well as all social classes and cultures. Essentially, we want to be a responsible corporate citizen, a commercially viable, properly organised media business, which meets its obligations to society, government and the workforce.

Culled from Asukwo blogshot.com

Mission WE INTEND to contribute to the development of an inclusive Nigerian society, with a view to getting rid of the dark sides of our national life (slothfulness, greed, corruption, nepotism, totalitarianism, etc); to continually engender and sustain national debates that would ultimately lead to the enthronement of healthy national values--hard-work, justice, equity and fairplay, transparency, good governance, resulting, in themselves, the egalitarian Nigerian society of our dream. We will give voice to the voiceless and at all times, strive to be balanced, objective, honest, truthful and fair to all sides; so that through The Oracle Today, our people, the Nigerian people can see a bright light at the end of what has been a very dark tunnel. And we shall do all this in absolute trust in God who blesses good intentions.

21

The Oracle Today Wednesday June 5 - 11, 2019

OPINION

Britain, go or stay (but) stop diverting attention A

By OWEI LAKEMFA

Nigerian genius, Odia Ofeimum asked me a rhetorical question: “How does a minority which takes control of the majority, retain power?” He answered: “ By force or falsehood.” I added: “Or both.” Although he raised it within the context of the ethnocentric power relations in Nigeria, it is also true of Britain.

The Vikings from the Scandinavian countries of Sweden, Norway and Denmark for three centuries from 800 AD, poured out, attacking ships and raiding coastal areas especially in Europe. They later forced France to cede the northern part of the country to them, which they named Normandy. The Vikings had a sense of entitlement, so when the AngloSaxon (English) throne became vacant in 1066 following the death of Edward the Confessor, who left no heirs, Norwegian Vikings led by Harald Hardrada felt they had a right to seize the throne. But the invaders were defeated by the English led by Harold Godwinesson. However, the war-weary English were no match for a second invading Viking army, this time the Normans led by 38-year old William, Duke of Normandy. William crowned himself, king of England on Christmas Day in 1066 and became known as William the Bastard or William the Conqueror.

Applying Ofeimum’s theory of how minorities rule majorities, history showed how the conquering Vikings/Normans established the British monarchy, which subsist until today, ruled the majority English, brought Scotland and Wales and part of Ireland under their control and called the new territory, United Kingdom. It also showed how small Britain invaded 95 countries in the world, conquering and colonizing vast territories including India

By CLEM ONYEMAECHI

T

he sage, Socrates once said that “an un-examined life is not worth living.”

It, therefore, presupposes that as we trudge on in our existential journey, there is need for periodic review of how the journey is being spent with a view for amends where necessary.

The countdown to the end of the Restoration Administration of His Excellency Hon. Henry Seriake Dickson, governor of Bayelsa State has begun with barely nine months left for him to vacate office on February 14, 2020.

He has played his part. However, this write up is not intended to dwell on the modicum of achievements the administration seems to have made; it is rather to point out the grey areas for the aspirants who are already swarming to throw themselves into the fray for the governorship contest to take note.

I arrived this state on a tour of duty in late 2012, same year that Gov. Dickson became governor. My arrival coincided with the period the Ministry of Information was coordinating Media tour of different ministries and the projects they were doing.

I learnt it was aimed at showing the media the task before the new administration and how it was going about tackling them. I joined in the tour to few places before some overzealous media aides to the governor disqualified some of us who just reported to duty in the state, claiming that we were not part of the tour from the beginning!

I remember that one of the places we visited before the ‘hawks’ struck was a place at the Swali area of the state; near Silver bird 93.7 fm station. There we were shown what our guides referred to as a three star hotel under construction and contracted to the Anyiam Osigwe Group.

We were told that the hotel was being constructed with the latest technology in building which does not make use of cement blocks.

They showed us some containers which according to the government officials guiding us that all that was required to complete the hotel were in those containers, adding that within a few months the hotel would be done with. This one of the representatives of the Anyiam Osigwe Group on ground there also corroborated. In fact he precisely mentioned

and Nigeria, singing “Rule, Britannia! Britannia, rule the waves!” and vowing that the sun would never set on its empire. But the sun actually set on it as the bruising Second World War saw the demise of the empire called “Great” Britain.

A humbled Britain tried to join the European Common Market (now the European Union, EU) in 1963 and 1967, but then French President, Charles De Gaulle vetoed it. His argument was that Britain with its balance of payment problems, devalued currency, tradition of obtaining cheap food from all parts of the world and its “habits and traditions,” was unfit to join the rest of Europe.

De Gaulle died in 1970 and, three years later, Britain under Prime Minister Edward Heath was admitted into the European Common Market. Forty-nine years after De Gaulle blocked Britain, the country itself voted to exit the body in what has become known as Brexit. But in the last three years, Britain which, had taken the democratic decision to exit the EU, continues to dilly dally rather than take a principled position.

That tells a lot about Old Britain which, to use a trite English expression, wants to eat its cake and have it; it claims to belong to the European Union without wanting to abide by its basic programmes. A major achievement of the EU is a common currency, the Euro, but Britain sticks to its British Pound. EU has a common visa, the Shengen, but Britain sticks to its own individual visa. Britain, which had through the use of force, falsehood, cunning and unparalleled ruthlessness ruled, conquered, colonized or seized major parts of the world including the United States, Canada, Australia, the Palestine and many parts of Africa, Asia and the Caribbean, in Brexit, exposed itself as merely a smart alec with a sense of

entitlement.

Although it voluntarily joined a union, which logically dictates that it must give up some of its sovereignty, Britain complained it was losing some sovereignty to the EU Executive and wanted it fully restored.

While EU law allows free movement of member-countries’ citizens including the right to live and work in parts of the continent, Britain sought to restrict the free movement of citizens from EU member countries especially from Easter European countries like Romania and Poland.

While Britain gets a lot of services from the EU including subsidy for its farmers, it complains that it is contributing £13 billion ($19 billion) annually to the EU. The Brexit supporters argued that it is better for Britain to directly control and utilize this contribution.

So Britain held a referendum on June 23, 2016 based on the question: “Should the United Kingdom remain a member of the European Union or leave the European Union?” The result was 17,410,742 or 51.89 per cent voting Brexit and 16,141,241 or 48.11 percent voting to remain. The results showed that the primary force for Brexit were the English who voted 53.38 per cent for exit and 46.62 percent to remain. The only minority group that voted for exit was Wales with 52.53 percent for and 47 per cent against. Scotland which is trying to secede from the United Kingdom posted an overwhelming 62 percent to remain while 38 percent voted exit. Northern Ireland with its restless Irish population who want to have unfettered access to the rest of Ireland, voted 55.78 percent to remain while 44.22 percent voted Brexit. While only 33 per cent of Asian voters and 27 per-cent of Black voters wanted exit, the rest voted for Britain to remain in the EU.

With the vote, Prime Minister David Cameron, who had campaigned to remain, resigned and his hard-line Home Secretary, Theresa May who was also opposed to Brexit, replaced him vowing to implement a programme she campaigned against.

On March 29, 2017, her government invoked Article 50 of the Treaty on European Union, starting a two-year process within which Britain was to exit the EU. That was when the tantrums started. So, when the exit date came, Britain remained undecided, with Mrs. May rushing a number of times to European countries and the EU headquarters in Brussels to beg for more time, which she got under humiliating circumstances. Although her three years in office have been consumed

by Brexit, she has lost all votes in parliament on the issue.

Brexit has become non-stop comedy in which Britain not only entertains on the world stage, but also popularizes and coins all sorts of words and expressions. These include Brexit, Irish Backstop, Blind or Blindfold Brexit, Hard Border, Chequers Plan. No Deal Brexit, Hard Brexit, Soft Brexit, Slow Brexit, Leavers, Brexiteers, Brextremist, Brexiters, Lexiters, Brexiter, Remainer and Remoaner.

Exactly one week ago, the Prime Minister tearfully resigned. Theresa May wept in May for failing to achieve the Brexit mission she never had faith in; it is not her failure, but that of her country which placed responsibilities on a person who by speech, demonstration and vote showed clearly she was opposed to Brexit.

I would have campaigned for the Brexit entertainment to continue, except that it is diverting attention from serious global issues like insecurity, senseless wars, growing mass poverty, hunger and climate change.

Bayelsa: The road not travelled... (1) the particular month in 2013 that the project would be delivered and praised the state government for having such a vision.

Interestingly, that is the level the project has remained till this day with grass now overgrowing the area. But Governor Dickson in most of his public outings would always boast that he has a vision to make Bayelsa the tourist destination in Nigeria and the Dubai of Africa!

However, the same apoplectic effort was made towards the completion of Bayelsa’s ‘Monument of Disgrace’, (apologies to Dr Goodluck Jonathan), the 18 floor Tower hotel. The project has turned out to be a piece of pie for successive administrations in the state as each of them from Late Alamieyeseigha who initiated the project has always done some piece of work on it to justify the huge sums they would claim to have spent on it and thereafter abandon it. Same with the current administration.

At a certain time in 2013 at a ceremony in the Banquet Hall, Government House, Yenagoa, Governor Dickson announced that he had awarded contract for the completion of the Tower Hotel. He said that the contract had been taken away from Gitto Construction Company and re-awarded to Sedogi Nig. Ltd, announcing 18 months as the completion period. He also presented a draft in billions of naira covering the amount it would take to complete the project and further announced that a reputable company from South Africa had been engaged for the furnishing of the 18 floor hotel.

It was then celebrated that the ‘Monument of Disgrace’ would soon turn to a Monument of Honour. But that coinage by Dr Goodluck Jonathan while bemoaning the level of under performance by Timipre Sylva when he was governor of the state is, sadly, still haunting the state as the 18 floor hotel project stands abandoned in a disheveled state in the heart of the Central Business District of the state capital.

It was heart wrenching when Bayelsa was recently listed as one of the states that can

hardly cope without federal allocations. With a thinking government, Bayelsa has no business being listed among such states. All it takes is a simple look around the state to exploit the areas it has comparative advantagefishing, agriculture and allied services. Water is common place in Bayelsa, the soil is still fertile despite the ravages by oil spill.

So any conscious investment in these two main areas would unlock the state’s potentials and open doors for economic prosperity and employment. With this, the perennial problem of cultism and other forms of criminality ravaging the state would be drastically reduced as the youths who engage in them would be meaningfully engaged in productive ventures.

Bayelsa used to have fishing trawlers, but some strange stories are now being weaved around the whereabouts of the trawlers. At some time it was said that government was looking for partners or buyers to sell off the trawlers. The picture has remained hazy! But such are the things serious governments use to generate huge resources if deployed to good use.

The present government has also spent enormous resources to establish the Yenegwe Aquaculture Farm, but no sooner was it commissioned than it was abandoned to rodents and other dangerous animals making places of abode there as luxuriant weed have taken over the place now.

With 50 earthen ponds and other facilities at the aquaculture village, the government made a lot of noise of how it would use the facility to take many youths out of the streets and engage them there. According to the Commissioner for Agriculture, the state was aiming at becoming a world exporter of smoked fish, citing the airport under construction as what would complement the effort as it would serve as the export route for the smoked fish to other parts of the world where they are needed. The dream may have been buried!

What may soon follow is the gradual vandalization of the facilities as is common in most

government facilities that the government does not have interest in, or established to score some cheap political points.

It is the same story at the Edebebiri Cassava Processing Farm in Sagbama Local Government Area. The lofty dream of making the state world exporter of starch may have gone awry because nothing seems to be happening there.

And so when the governor started celebrating his private sugarcane and cucumber farms in his village in Toru Orua, Sagbama Local Government Area, inviting musical artists and other tourists to the farm, many observers said he ought to have shown the example by having similar farms owned by the state, so that when he begins to showcase his own as he is doing now, it would be said that he has left similar legacy for the state.

THE GROUP Managing Editor/COO Felix Oguejiofor Abugu Deputy Managing Editor/COO Sopuruchi Onwuka Chairman Editorial Board Igwebike Mbanefo SE/SS Editor Odogwu Emeka Odogwu Acting BDM Kelechi Nze Head, Graphics & Designs Nnamdi Alex Chukwu Circulation Manager Felix Oti

22

The Oracle Today Wednesday June 5 – June 11, 2019

BUSINESS

Dangote Cement unveils new sustainability report, adopts GRI, NSE guidelines

D

angote Cement Plc (DCP), the largest listed company on The Nigerian Stock Exchange (NSE) and the leading cement conglomerate in Africa, has released its 2018 Dangote Cement Sustainability Report, outlining its sustainability initiatives, activities and achievements during the 2018 financial year.

The report was unveiled on Thursday, 30 May 2019, at the maiden edition of ‘Facts Behind the Sustainability Report’(FBSR), an interactive forum created

by The Nigerian Stock Exchange to further promoteEnvironmental, Social and Governance (ESG) performance and reporting among listed companies in Nigeria, in line with its newly introduced NSE Sustainability Disclosures Guidelines.

Dangote Cement Plc, Nigeria’s biggest indigenous company, aims to make the culture of sustainability a business imperative through its 7-Pillar approach to Sustainability, called “The Dangote Way”.

With major operations in three locations in Nigeria and across 14 African countries, the organisation is enhancing its positive impact on the economy, environment and society through an integrated approach that mainstreams sustainability across the entire business.

This process includes publishing its maiden GRI-Standards compliant sustainability report.

DCP isalso committed to aligningits operations with the group-wide sustainability vision, driven by its 7 Sustainability Pillars,through extensive engagements with internal and external stakeholders. The 2018 DCP sustainability report is structured according to these Pillars and covers the financial and non-financial performance in four countries, namely Nigeria, Ethiopia, Senegal and South Africa.

By aligning with the 7 Pillars(institutional, cultural, operational and environmental, economic, social, financial), the cement giant ensures that every aspect of its business is run in line with global sustainability principles; thereby embedding sustainability - beyond issues of risk management and compliance in its day-to-day business operations.

Speaking during the event, Group Managing Director, Dangote Cement Plc, Engr.

Joseph Makoju said, “we have identified and are leveraging sustainability to drive regulatory compliance, proactive risk management and building trust and goodwill in the countries, markets and communities where we operate.”

The Chief Executive Officer of the NSE, Mr. Oscar N. Onyema, OON, said “better ESG reporting is key to strengthening capital markets and achieving a sustainable global economy.

The Exchange is strategically positioned to influence the adoption of globally recognised sustainability standards by Nigerian businesses and we continue to highlight the importance of sustainable business practices in delivering value to our listed companies and investing public to support economic growth”.

“To consolidate our efforts of partnering listed companies to create value through reporting, we are happy to launch the NSE Facts Behind the Sustainability Report to facilitate more meaningful engagement between investors and listed companies on ESG risks and opportunities. We welcome the Executive Management of Dangote Cement Plc for the maiden edition of FBSR to brief the investing community on details of their first ever stand-alone sustainability report. It is our belief that this giant step taken by DCP will encourage other listed companies, especially those on the Premium Board, to come for

their FBSR at The Exchange.

This will provide them the platform to showcase their efforts in sustainability and corporate governance as well as address investors’ requirements on ESG issues”, added Onyema.

In a goodwill message delivered at the event, the Group Managing Director, Dangote Industries Limited, Olakunle Alake stated that “at Dangote Group, the vision of the business from the outset is to create value for all stakeholders and positively impact and transform the economies where we operate. This is what we call ‘The Dangote Way’. If our experiences in the last three decades are anything to go by, we can say with utmost confidence that this sustainable business model has been a win-win.

Our people and economycentric approach to business has no doubt been the fact

behind the great success that the Dangote business story has become, and the anchor on which our continued growth, expansion and longevity is anchored.”

DCP’s performance in the institutional pillar in 2018 shows a consistent focus on upholding corporate governance that is in line with global best practice and evolving regulations in its different markets.

In the year under review, DCP aligned its 7 sustainability pillars with global principles and standards including the United Nations Global Compact, IFC Performance Standards, Global Reporting Initiative, SEC Code of Corporate Governance, NSE Sustainability Disclosure Guidelines, Global Cement and Concrete Association, Nigeria Code of Corporate Governance 2018 and the United Nations Sustainable

Development Goals.

On DCP’s cultural pillar, 2018 saw tremendous progress in efforts to build a workplace where diversity, equality, values, ethics, rule of law and active staff involvement are nurtured. According to the Group Chief, Sustainability, Dangote Industries Limited, Dr. Ndidi Nnoli, “the Dangote Sustainability Approach is built around the 7 Pillar Methodology which prioritises Compliance Assurance and involves extensive stakeholder engagement. In 2018, beyond our global peer review, we carried out a comprehensive employee survey which targeted a diverse group of 1170 employees across twelve countries. Through this survey, we objectively identified the main topics that Dangote Cement employees considered to be material to our business.

In 2019, we’ve extended

our engagement to include external stakeholders.”

Dangote Cement’s pilot Sustainability Week was held in September 2018 with over 500 employees in about 6 countries involved incommunity development projects.

DCP’s performance in the operational and environmental pillars showed progress in its commitment to innovation in production processes and standards, particularly in Operational Health and Safety. With a distribution chain of over 500 superdistributors and 7,000 sub-distributors, DCP controlsNigeria’s largest supply chain, making the company a major contributor to local content. Also in 2018, 57 percent of DCP’s procurement were from local contractors, vendors and suppliers.

Group Head, Corporate Communication, Dangote Group Plc, Anthony Chiejina; Chief Executive Officer, Aliko Dangote Foundation Zouera Youssoufu; Chief Executive Officer, The Nigerian Stock Exchange (NSE), Oscar N. Onyema, OON; Chief Executive Officer, Dangote Cement Plc, Engr Joseph Makoju; Group Managing Director, Dangote Group, Mr Olakunle Alake; Chief Finance Officer, Dangote Cement Plc, Mr. Guillaume Moyen and Group Head, Sustainability & Governance, DIL, Dr Ndidi Nnoli during the Closing Gong Ceremony to commemorate maiden edition of the Facts Behind the Sustainability Report at the Exchange in Lagos.

Buhari Govt should privatize government-owned refineries, deregulate petroleum downstream sector –BudgIT

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udgIT has called on President Buhari to privatize all government-owned refineries while also fully deregulate the petroleum downstream sector.

According to the findings of our new policy brief “Inside Nigeria’s Local Refineries” Nigeria’s government-owned refineries in Kaduna, Port Harcourt and Warri incurred a cumulative loss of N32.8 billion in 2017 and N126.2 billion in 2018, making a total loss of N159 billion in

the two most recent years alone.

Moreso, with an average combined refining capacity utilization of merely 8.27 percent in 2018, the government-owned refineries are consistently unable to meet local demand, putting Nigeria in a precarious situation of importing nearly 91 percent of locally consumed petrol and significant portions of other refined products used locally.

It is instructive that only one private refinery, Niger

Delta Petroleum Resources (NDPR), has commenced operation in Nigeria despite the country issuing over 44 refinery licenses to investors so far some of them issued since 2007. Of these licenses, as issued by DPR, 15 are already expired.

It is no coincidence that the only Modular Refinery that has commenced operation is the NDPR which produces AGO (diesel), one of the refined petroleum products that are fully deregulated.

On the heels of the foregoing, BudgIT is asking

the Nigerian government to deregulate the downstream sector. This will make many stagnating private-sector refinery projects more attractive to investors, we maintain.

“If the remaining 29 refinery projects with active licenses come onstream, Nigeria will successfully unlock refining capacity of nearly 32.7billion litres of PMS per year, 19.6billion litres of Diesel per year and 6.5billion litres of Aviation fuel per year. This is sufficient to meet the

country’s refined products needs and also supply the West African market,” noted Gabriel Okeowo, BudgIT’s Principal Lead.

A refinery industry as vibrant as this could generate product sales of nearly N13.1trillion per annum for investors and create additional 439,062 wellpaying jobs for Nigerians across the entire value chain, the policy brief says.

The Nigerian government needs to invest at least 5 percent of its annual budget for the ministry of

petroleum on research and development, especially concerning optimizing the local refining technology in Nigeria. As an example of local efforts, Prof. Ibrahim Mohammed-Dabo and his team from Ahmadu Bello University (ABU) have developed an early prototype for local crude oil refining. Unfortunately, this isn’t receiving sufficient attention from the government and the private sector for further research, development and commercialization.

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The Oracle Today Wednesday June 5 – June 11, 2019

ANALYSIS

Post acquisition: Access Bank on course to be African gateway to the world

By JEROME USHAKANG

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arely two months ago, Access Bank Plc and the now defunct Diamond Bank Plc formally merged as the last hurdle of the two banks was surmounted.

Shareholders of both entities unanimously approved the marriage, giving Access Bank their consents to acquire Diamond bank plc. And now, Access Bank Plc has settled down to business.

The new enlarged Access Bank currently has a network of 600 branches spread-out in ten countries, covering three continents. In addition, the bank now has a total of 27 million customer base including 12 million with mobile accounts making it Africa’s biggest bank in terms of customer base.

Addressing shareholders on the bank’s future outlook, the elated Group Managing Director/CEO, Mr. Herbert Wigwe, said that with the

merger fully consummated, Access Bank’s strategic plan in the next five years is to be the African gateway to the world.

Wigwe also told shareholders that with the merging of the former Diamond Bank whose comparative advantage lies in retail banking and Access bank in core banking into one bank, will enable the bank to fully entrench itself in the retail market with a view to lowering its funding cost.

He said, “In pursuit of our vision to be one of the leading Banks in Nigeria, we took accelerated strides in the last quarter of the year towards achieving our overall retail strategy.”

On the Bank’s performance for the financial year ended December 31, 2018, Wigwe said, “2018 marked a significant year of progress for the Bank amidst an unfavourable macro climate.”

Six-point strategy

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n order to become Africa’s Gateway to the world. Access Bank has defined its next five years (2018 - 2022) with intent to achieve its set goal. This is in addition to its vision to be the world’s most respected African Bank.

Locally, the bank aims to be the number one bank in Nigeria by rapidly growing its retail customer base, SME client base, and by dominating the top 100 Nigerian corporate.

Internationally, the bank will develop an integrated global franchise by growing its presence in key African markets, global financial gateways including London and New York, and trade hubs such as Dubai and China.

The new strategy has six strategic segments as enumerated below:

Retail Banking Growth and Consolidation in wholesale markets: The Bank seeks to dominate the rising middle-income segment by offering seamless Omni channel experience and

•Chairman, Access Bank, Mosun Belo-Olusoga

unparalleled customer service, including leveraging the franchise to offer unique cross-border products and accounts. The bank will also drive the consolidation of its leadership in domestic wholesale banking by dominating the top 100 corporates in Nigeria, with the target being at least 80 relationships.

Digitally led: To achieve model, and in addition to delivering excellent customer service, it will automate several customer journeys and processes. The Bank will conduct business with a focus on longterm relationships, adding value and giving individuals the power of banking by working with companies, growing their business and empowering their employees, suppliers and distributors.

Customer focused: Customers are recognised as the heart of its business model, and in addition to delivering excellent customer service; it will automate several customer

•GMD, Access Bank, Herbert Wigwe

Global collaboration Access Bank will also pursue a deliberate and structured international expansion that will focus on the business’ overall strategic objectives as well as strong collaborations to be the global financial gateways of United Kingdom, United States and Hong Kong. The bank will also exploit the trade hubs of China, Lebanon, Dubai and Mumbai, key

Meanwhile, historical review of Access Bank has shown that over the years, the bank has implemented strategies built on strong corporate governance and has therefore remained profitable and sustainable as a business franchise.

In addition, its corporate philosophy and brand-promise reflect sustainability and best practice as its foundation principles. In line with these principles, the bank has continued to strengthen governance practices, thus, enhancing its

monitoring capabilities to ensure it serve the needs of the business, customers and shareholders.

Access Bank has a strong track record of acquisition and integration. It was one of the first to successfully comply with the Central Bank of Nigeria’s banking consolidation policy through the acquisition of Capital Bank International Plc (Formerly Commercial Bank Credit Lyonnaise Limited) and Marina International Bank Limited by merger.

The three banks were fully integrated operationally - people, process and technology - in a record time of 60 days, known as the Access Bank Plc integration.

Access Bank also acquired 75 percent majority interest in the former Intercontinental Bank Plc with all its assets, liabilities and undertakings. In January 2012, Access Bank announced the conclusion of its acquisition of the former Intercontinental Bank, creating an expanded Access Bank, and making it one of the largest four commercial banks in Nigeria.

2018 as against N2.06 trillion achieved in December 2017, while Customer deposits increased by 14 percent to close the year 2018 at N2.57 trillion from N2.25 trillion in December 2017.

Capital Adequacy (CAR) remained adequate at 20.8 percent, taking into consideration the regulatory transitional arrangement of IFRS 9 implementation.

On a full impact basis, CAR stood at 19.9percent. Similarly, Liquidity ratios of 50.9 percent in December 2017 as 47.2percent

remained well above regulatory requirements.

Commenting on the results, the Group Managing Director said,” We made solid progress throughout 2018 in line with our 2018-2022 five-year strategy, and we remain committed to the achievement of our strategic imperatives going forward; as we continue to invest in our people and technology in order to improve operational efficiency and service touch points with earnings growth in 2019.”

According to him, the

contribution of the Bank’s subsidiaries to the Group profits grew by 116 percent to close the year at N27.9 billion, underlined by the effective implementation of overall strategy.

He added that to achieve being a digitally led bank, Access Bank will consolidate its digital portfolio of applications across SBUs and stimulate the migration of transactions to self-service channels which will enable the bank to focus on achieving synergies across channels.

journeys and processes. The Bank will conduct business with a focus on long-term relationships, adding value and giving individuals the power of banking by working with companies, growing their business and empowering their employees, suppliers and distributors Analytics driven, with robust risk management The Bank aims to remain the industry leader in Risk Management and have prioritized many key initiatives to support its goal in relation to Credit, Market, Operational, Compliance, Digitized risk management.

African markets as well as the rest of Africa.

Creation of a universal payments gateway The Bank intends to lay the foundation to play in all parts of the payments value chain in both operating and non-operating countries by, enhancing crossborder and domestic transfers in countries where it both has a presence and where it does not and across all business segments and payments flows.

Performance Review

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n x-ray of the bank’s financial statement for the year ended December 31, 2018 showed an increase of 58 percent in Profit After Tax (PAT) to close at N95.0 billion from N60.1 billion in the corresponding period of 2017.

The audited results showed that Gross Earnings grew by 15percent to settle at N528.7 billion in 2018,in contrast to N459.1 billion in 2017, with interest and non-interest income contributing to 72 percent and 26 percent respectively.

Profit Before Tax (PBT) for the period was N103.2 billion, showing 32 percent growth from N78.2 billion in 2017 while Return on Average Equity (ROAE) stood at 19 percent with a Return on Asset of 2.1 percent in full year 2018.

The asset base of the Bank remained strong and diversified with growth of 21 percent YTD in total assets to N4.95 trillion in December 2018 from N4.10 trillion in December 2017.

Loans and Advances stood at N2.14 trillion as at December

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The Oracle Today Wednesday June 5 – 11, 2019

ENERGY

WED 2019: Chevron Nigeria Limited’s commitment to environmental stewardship “What’s the use of a fine house if you haven’t got a tolerable planet to put it on.”

“Air Pollution,” the theme for World Environment Day 2019, is a potential environmental risk that can impact people as well as the environment.

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hese words of Henry David Thoreau underscore the emerging conversations as we mark yet another World Environment Day (WED).

The World Environment Day (WED), which takes place annually on June 5 is the biggest event to celebrate and promote environmental awareness and sustainability across the globe.

Established by the United Nations General Assembly in 1972, WED aims to raise global awareness and mobilize people to take positive environmental action to protect nature and the planet Earth.

This global event has since become the principal vehicle through which the United Nations stimulates worldwide awareness about the environment. It also gives a human perspective to environmental issues, empowers people to become active agents of sustainable development and advocates multi-stakeholder partnerships in support of the environment. From 1973, when the first WED was held, the event has always been marked with different campaign themes and discussions focusing on environmental stewardship.

“Air Pollution,” the theme for World Environment Day 2019, is a potential environmental risk that can impact people as well as the environment. Available statistics show that air pollution is the fourth-largest threat to human health, behind high blood pressure, dietary risks and smoking.The World Health Organization (WHO) data shows that there were an estimated 6.5 million deaths worldwide from air pollution-related diseases in 2012.

Chevron Nigeria Limited (CNL), the operator of the joint venture between the Nigerian National Petroleum Corporation

• Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, Jeff Ewing.

(NNPC) and CNL (NNPC/CNL JV) conducts its business in a socially and environmentally responsible manner in compliance with regulatory requirements, best practices and has made environmental stewardship part of our social investment programs. For over 50 years, CNL has remained an active agent of sustainable development and strong advocate of partnerships in support of the environment.

Explaining CNL’s commitment to the environment, the Chairman/Managing Director, Jeff Ewing noted that CNL is happy to be part of the solution to global environmental issues wherever the company operates through its sound environmental management policy that supports environmental stewardship and sustainable development.

According to Mr. Ewing, “CNL has in place a companywide operational excellence management system that delivers industry-leading performance in process safety,

personal safety and health, environment, reliability and efficiency. CNL has a record of responsible environmental stewardship everywhere it operates and has also established enduring partnerships with governments, non– governmental organizations, business organizations and communities. CNL has been supporting and sponsoring various programs aimed at preserving the environment.

These partnerships and efforts have been recognized and applaudedwithin and outside Nigeria.”

In protecting the environment and helping to manageair emissions, CNL has invested extensively in projects aimed at eliminating routine flares from its operations and establishing a profitable gas business through a range of domestic, regional and export supply projects.

These projects helpfulfill NNPC/ CNL JV’s Domestic Gas Supply Obligation and support the

Nigerian Gas Master Plan. These projects include the Escravos Gas Plant, the Escravos Gasto-Liquids plant, Sonam Gas Development and the Abiteye and Makaraba Non-Associated Gas Development. Through investments in gathering and processing associated gas, routine flaring has been reduced by over 90% from 2008 to date in CNL’s operations.

CNL’s environmental stewardship process lays the foundation for sound environmental management. The identification, assessment and management of environmental risks is capturedthrough the entire project cycle from inception to operations to decommissioning.

CNL recognizes the importance of minimizing our environmental footprint and preserving biodiversity and the NNPC/CNL JVstrives continually to achieve world class environmental excellence by assessing and reducing potential impacts on the environment arising from its

Contest for Oando deepens, shifts to court

By SOPURUCHI ONWUKA

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he tussle for management control among key shareholders of Oando Plc went tougher weekend with both Securities and Exchange Commission (SEC) and founders of the company staking everything to defend their positions.

While SEC deployed its regulatory powers to sack the top management leaders of the company for alleged infractions, the company is moving the hands of the court to push back the hammer.

Federal High Court has restrained the Securities and Exchange Commission (SEC) from removing Messrs Wale Tinibu and Omamofe Boyo as Oando Plc’s Group Chief Executive Officer (GCEO) and

Deputy Group Chief Executive Officer (DGCEO), respectively.

The Oando chiefs had applied for enforcement of their fundamental rights.

Justice Mojisola Olatoregun sitting in Lagos granted an interim injunction following an application by the embattled GCEO and DGCEO, according to a report by News Agency of Nigeria (NAN) seen by The Oracle Today.

The court also restrained SEC, its servants or agents from taking any step concerning the commission’s letter dated May 31 in which it barred Tinubu and Boyo from being directors of a public company for five years.

It also restrained the commission from imposing a fine of N91.13 million on Tinubu.

It also ordered that SEC should restrain from all actions on the said letter pending hearing and determination of the applicants’

motion for an interlocutory injunction.

The court also restrained Mr Mutiu Sunmonu from acting as the Head of Oando’s interim management team pending the hearing and determination of the motion.

It also urged the parties to maintain the status quo ante pending the determination of the motion which was adjourned to June 14.

The plaintiffs had approached the court to challenge to the intervention of the stock market regulator which sacked Mr Wale Tinubu as the company’s Group Chief Executive Officer (GCEO), and Mr Omamofe Boyo the Deputy Group Chief Executive Officer (DGCEO).

SEC had also barred both officials from being directors of a public company for five years.

The regulator had further on

Sunday constituted an interim management team to be headed

by Sunmonu to oversee the affairs of the company and conduct an Extra Ordinary General Meeting (EGM) on or before July 1, to appoint a new board of directors.

It said that the new board of directors would subsequently select a management team for Oando Plc. The commission reiterated its commitment to maintaining the integrity of the stock market.

The SEC stated that its intervention in the management of the company followed the outcome of its forensic audit of Oando Plc. Oando had responded to the SEC declaration with objection, saying its management was not carried along in the forensic audit and thus was not allowed fair hearing and representation.

Head of Corporate

operations.

CNL continues to conduct Environmental Impact Assessments and Environmental Evaluation studies of its Joint Venture and Deepwater operations to ensure potential environmental impacts are identified and mitigated in accordance with environmental performance standards and industry best practices. We continue to invest in available technology for tracking and managing of our ecological footprint in our areas of operation.

CNL’s commitment to preserving the environment has left enduring landmarks in the landscape. In 1992, CNL established the Lekki Conservation Centre - a center of excellence in environmental research and education, reserved as a sanctuary for the rich flora and fauna of the Lekki Peninsula.

The 78-¬hectare facility was set up by CNL in partnership with the Nigerian Conservation Foundation (NCF).

NCF is Nigeria’s foremost nongovernmental organization dedicated to environmental conservation and an affiliate of the World-Wide Fund for Nature.

In 2005, CNL and its affiliatesbegan to support a yearly postgraduate research scholarship for doctorate students in environment and conservation, instituted by the NCF. In addition, CNL hosts the annual S. L. Edu Memorial Lecture to promote environmental management awareness.

Esimaje Brikinn, CNL’s General Manager, Policy, Government and Public Affairs, notes that beyond the awards, CNL continues to collaborate with all stakeholders to safeguard the environment. “We are continually working to improve our processes to reduce pollution and waste, conserve natural resources, and reduce potentially negative environmental impacts of our activities and operations,” he remarked.

Communications, Mrs Alero Balogun, said “the company reserves the rights to take all legal steps to protect its business and assets whilst remaining committed to act in the best interest of all its shareholders.”

SEC noted that the forensic audit carried out by Deloite Nigeria grave revealed infractions.

SEC said, “Following the receipt of two petitions by the Commission in 2017, investigations were conducted into the activities of Oando Plc (a company listed on the Nigerian and Johannesburg Stock Exchanges).

“Certain infractions of securities and other relevant laws were observed. The Commission further engaged Deloitte & Touche to conduct a forensic audit of the activities of Oando Plc.

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The Oracle Today Wednesday June 5 – 11, 2019

ENERGY WED: Nigeria celebrates harvest of gas investments

By SOPURUCHI ONWUKA

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he celebration of the annual World Environment Day (WED) for 2019 appears to have plugged naturally into coordinated efforts by government and players in the Nigerian petroleum industry to harness and monetize the country’s natural gas resources for economic growth purposes.

The WED which takes place annually on June 5 is established by the United Nations General Assembly in 1972 to form the biggest event to celebrate and promote environmental awareness and sustainability across the globe. The annual event aims to raise global awareness and mobilize people to take positive environmental action to protect nature and the planet Earth.

This year, the celebration draws attention to drastic decline in the quality of air around the world. From dust pollution in China and India to pillars of smoke billowing from industrial plants in Japan, Europe and America through to hot flares that burn uncaptured natural gas at oil production sites across all continents, the earth’s atmosphere is constantly invaded by harmful wastes from human activities.

Whereas the theme of air quality is spiked by constant bouts of dust pollution in industrial China, it amplified traditional concerns about the role of oil mining companies in capping emission of heavy hydrocarbons that pollute the air with poisonous substances.

The theme thus plays into traditional issues of gas flares in Nigeria which ranked among the first five biggest gas flaring nations in the world, and the timing coincides with concerted investment race for gas commercialization which, by default, curbs gas flaring and associated toll on the quality of air.

Besides the quality of air for human health and sustenance, gas flare is globally condemned as key source of green house elements that expose the earth to increasing solar heat and rays that are harmful to plants and animals.

Central in the quest for global air quality, The Oracle Today reports, is the concerted effort among governments, agencies and petroleum industry players to drastically cut the volume of routine gas flares at oil production sites to barest operational and safety necessity.

Global petroleum industry data show that the volume of gas flared between 1996 and 2006, during which time awareness of the detrimental impact of flare emissions on the global climate grew, ranged between 150 billion cubic meters (bcm) and 170 bcm; and Nigeria’s share of the total volume was approximately 24.1 bcm.

Global campaigns against climate change have traditionally featured Nigeria as a source of green house gas emission, contending that gas flaring in the country releases large amounts of methane, which has a very high global warming potential.

According to experts, gas flaring not only wastes a potentially valuable source of energy; it also adds significant carbon emissions to the atmosphere. They confirm that gas flare combustion is typically incomplete, releasing substantial amounts of soot and carbon monoxide, which contribute to air pollution and health problems.

According to a report by the United Nations Environmental Programme (UNEP), gas flares release a variety of potentially poisonous chemicals such as nitrogen dioxides; sulphur dioxide; volatile organic compounds like benzene, toluene, xylene and hydrogen sulfide; as well as carcinogens like benzapyrene and dioxins.

Eni builds Angola’s Block 15 reserves to 1.8 Bbbls

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ith a fifth discovery announced on Monday ton contain about 400 million barrels of stock oil, Italy’s Eni has successfully booked in some 1,8 billion barrels of reserves for operated Blocl 15, offshore Angola.

Besides, the new discoveries will enjoy economies of existing development infrastructure with fast track recovery to be tied back to already active floating production, storage and offtake vessels in the acreage area.

As the latest discovery was announced on Monday, making it fifth oil discovery in 12 months in the prolific deepwater Block 15, analysts interpret it to mean that Eni has unlocked a purple patch that might yield more discoveries offshore Angola.

The discovery comes at a time when Eni is seeking exploration investors to boost it’s sagging oil production which has dropped to lowest in decades. The country is hosting investors to licensing round this week as part of industry conference scheduled in the country.

The announcement of light oil discovery in the Agidigbo prospect close to its existing West Hub development is expected to provide a major boost to the licensing round.

Eni said post-drill results indicate between 300 and 400

million barrels of light oil in place.

The discovery has further upside that will be proved by an appraisal campaign planned in early 2020, it said.

Production from this field will be fast tracked to the Armada Olombendo FPSO, therefore extending the East Hub’s production plateau, and will be part of the Olombendo crude export grade.

Agidigbo is the fifth discovery of commercial nature since Block 15/06 restarted its exploration campaign a year ago.

It follows the discoveries of Kalimba, Afoxe, Agogo and Ndungu. The five discoveries combined are estimated to contain up to 1.8 billion barrels of light oil in place.

These five discoveries altogether are estimated to contain up to 1.8 billion barrels of light oil in place, with possible upside.

“These new discoveries further confirm the exploration potential of the block and the effectiveness of the exploration skills and proprietary technologies that Eni is utilizing to unlock the full potential of the area,” the oil major said.

The Block 15/06 Joint Venture comprises by Eni (operator, 36.8421%), Sonangol P&P (36.8421%) and SSI Fifteen Limited (26.3158%).

•Minister of State, Petroleum Resources, Ibe Kachikwu

Power sector debts: Gascos, Gencos seek direct deals

By SOPURUCHI ONWUKA

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he failing commercial relay in the government arranged gas-to-power programme has left players in the upstream end of the chain to seek market outside the regulated cost recovery channels controlled by the power distribution companies in the country.

The gas companies (Gascos) and Generation companies (Gencos) are currently scouting for buyers of their commodities outside the government arranged commercial relay which guarantees credit supply of both gas and produced power to marketing companies who make returns after collecting bill payment by electricity consumers in the country.

Under the arrangement, the numerous Gencos who take gas on credit from Gascos channel all their production through the Nigerian Electricity Trading Company (NBET) through the national grid operated by the Transmission Company of Nigeria (TCN) to the different Discos.

The NBET which brokers supplies between Gencos and Discos receives supplies and associated invoices from the Gencos, agrees on wheeling tariff with the TCN and allocates electricity volumes to the Discos. Thus, NBET is responsible for guaranteeing cash returns from the Discos to TCN and the Gencos.

Unfortunately, NBET has proved incapable of enforcing full payment and ensuring significant cash returns for other players in the investment chain. While the Gencos push our monthly invoice of N55 billion, NBET only recovers about N13 billion or 24 percent of total invoice. The situation, according to sources in the agency, has led to incremental debt build up across year.

NBET says most of the power distribution companies declare low revenue returns from distribution of allocated electricity, dashing hopes that the pile up of invoices at the agency might not be eventually paid.

However, the Discos regularly point at high technical, commercial and collection losses as the key reason for revenue shortfall from

... direct supply from Gencos comes with service contracts which, he added, guarantee steady supply, stable operations planning and enhanced productivity. the market, blaming government for regulated tariff, poor credit support buffers, huge electricity debts and policy inconsistency.

Checks by The Oracle Today shows that the 11 Electricity Distribution Companies (Discos) in the country collectively owe power producers over N1.2 trillion in unpaid invoices for electricity supplied them for sale to consumers.

Spokesman for Gencos, Dr. Joy Ogaji, told our correspondent that some 60 percent of the owed invoices belong to Gascos while the remaining amount form net debt to the electricity producers.

The debts accumulate as a result of the regular losses declared by the Discos who are in constant dispute with electricity consumers over allegations of poor services and outrageous bills mostly generated by estimation.

Thus none of the 11 Discos have been able to fully discharge full payment obligation for electricity supplied them through NBET. Sources at NBET blame the management of the Discos for running huge overhead and inflated operating costs which, according to them, result in high profit for the Discos and huge losses for their suppliers.

Following several unsuccessful efforts by the Ministries of

Power and Petroleum Resources respectively to resolve the debt impasse in the gas-to-power programme enunciated by government to debottleneck gas supply issues in the power sector, government issued the eligible customer declaration enabling power companies to deal directly with bulk demand customers.

With the declaration which has been decried by Discos as cutting off their high end customer base and weakening their capacity for commercial viability, Gencos have now joined the fray in scouting for customer eligible customers defined with base loads in excess of five megawatts per hour.

With the development, many manufacturing concerns that run huge bills on self generation have signed deals running into billions of Naira per month with some Gencos that operate proximate facilities for direct supply.

One of the companies whose spokesman explained the situation to our correspondent stated that the new deal with a Genco has proved that the problem of power supply to industries reside with different agencies that mount toll gates in the value chain.

He reiterated the position of maximum demand customers in the Nigerian electricity supply industry that the market should be liberalized to accommodate direct offtakers while groups of small consumers could be taken together

by Discos as customer clusters.

According to him, more and more companies including commercial concerns like banks and manufacturing firms are taking the direct supply option which, he said, limits cost of electricity supply to Genco bills.

Besides, he said, direct supply from Gencos comes with service contracts which, he added, guarantee steady supply, stable operations planning and enhanced productivity.

It is not clear whether declaration of eligible customer policy by government would assist cut the mounting debts in the gas-to-power programme as Gencos eliminate costs associated with TCN, NBET and Disco services to trade directly with high profile customers.

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The Oracle Today Wednesday June 5 – 11, 2019

INSURANCE & PENSION PAL Pensions trains students on financial literacy, employability

AIICO culture geared towards giving back to society –Fajemirokun

xperts in various professions on Thursday in Ilorin held a training programme for students of the University of Ilorin on financial literacy, investment, entrepreneurship and career growth.

The programme tagged: “NEXTU’, was sponsored by PAL Pensions, a Pensions Fund Administrator (PFA).

The panelists provided the students with knowledge and guidance for unleashing their potentials in finance, entrepreneurship, technology, new media, entertainment and life choices.

Speaking on the rationale behind the project, Ms Sunmisola Mark-Okoma, the Head, Brand Management and Corporate Communications of PAL Pensions, said the initiative was in line with the Corporate Social Responsibility of PAL. According to her, it is aimed at teaching Nigerian youths financial literacy and employability, having observed the gap amongst the youth.

“We noticed that there is a gap amongst the youths because most people have talent to make money and get rich.

“However, to become wealthy requires another set of skills to enable the money work for you and that is what we are trying to teach the students here, ” she said.

Mark-Okoma, who disclosed that the outfit had been to 10 federal universities under the second edition of the programme, said it was to avoid mistakes of the past.

She also explained that another initiative, “NEXTU Academy’’, targeted at final year students of universities would soon be introduced.

Under this initiative, she said that graduates on national service would have opportunity to work and earn money.

Among the panelists were; Tobi Bakare, a banker and a housemate in the Big Brothers Naija Reality Show and Oluyomi Ojo, a young entrepreneur.

Stories by VICTOR NZE

E

A

s Nigeria joined the rest of the world to mark the 2019 Children’s Day, AIICO Insurance Plc., took the opportunity to live out its passion for enabling people live better lives as it visited Hearts of Gold Children’s Hospice in Surulere to spend the day with the children at the hospice.

The Heart of Gold Children’s Hospice is a home for abandoned, orphaned and sick children suffering from a vast range of congenital abnormalities and children with terminal or life threatening illness.

According to the Executive Director/Chief Operating Officer, Mr. Babatunde Fajemirokun, the insurer’s corporate social

responsibility is tailored to encourage literacy and boost healthcare delivery in communities across the country.

“AIICO has a culture of giving back to society in ways that impact a significant uplift in the lives of people. Our Corporate Social Responsibility programme is centered on: promoting literacy and STEM education, skills acquisition and aiding in the delivery of quality, affordable healthcare for all.

“This initiative had two aims; the first was the intervention in providing better health care for the children at the hospice.

The second was to igniting a spirit of compassion in younger generation who will be our future leaders. A number of our staff’s children were part of the visit to the hospice.”

The Heart of Gold Children’s Hospice has over the years continued to ensure that all the children under its care receive the best possible attention for their health since 1990.

The hospice offers comfortable, caring and a loving environment for these children by providing a nurturing safe environment, palliative healthcare and comfort.

Their remarkable work in ensuring a better life for the children whom have various medical challenges has had significant impact in Lagos State with government, individuals and corporate body’s lending a hand.

During the visit to the home, AIICO donated items such as; beds, mattresses, generator, microwave, foodstuff and toiletries.

Management of the AIICO Insurance Plc, including the Executive Director/Chief Operating Officer, Mr. Babatunde Fajemirokun, and others at the Hearts of Gold Children’s Hospice Surulere to celebrate the 2019 Children’s Day with presentation of food items to the establishment, Monday.

NEM Insurance seeks approval to raise N2.6bn

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oard of NEM Insurance Plc has said it plans to raise an additional capital aimed to improve operations of the company.

In a statement issued by the firm, it was disclosed that the amounted needed for now is about N2.640 billion, which would be raised through issuing of additional shares of the insurer.

NEM Insurance said it wants to issue new 1.056 billion ordinary shares of 50 kobo each at N2.50k per unit by a Special/Private Placement.

However, before this can be done, the board is seeking authorisation of shareholders of the company.

This approval would be sought at the Annual General Meeting (AGM) of the firm slated for Tuesday, June 25, 2019 at the Federal Palace Hotel, Lagos.

“That on the recommendation of the directors, the shareholders hereby authorise the directors to raise additional capital through the issuance of not more than 1,056,000,000 ordinary shares of 50 kobo each, at N2.50k per share by way of a Special/Private Placement.

“That the shares proposed to be issued pursuant to the above resolution and the rights attaching thereto shall rank at least pari passu with the ordinary shares held by the existing shareholders in the company.

“That the shareholders hereby waive their pre-emptive rights under Article 43 of the Company’s Articles so as to enable the Special/ Private Placement to proceed.

“That for the purpose of giving effect to the above, the board be and is hereby authorized to agree, make and accept all such term(s), condition(s) and modification(s) as it may deem fit, including, condition(s) and modification(s) stipulated or required by any relevant authorities and to seek all requisite approvals from the appropriate authorities, appoint consultants and advisers, finalize and execute all agreements or documents and to do all acts, deeds and things in this connection and incidental as the board in its absolute discretion may deem necessary and expedient.”

Digital tools driving captive insurance’s 3rd party business –Report Life insurers generated N329bn premium he number of captive New technologies can help per cent increase over the last from annuity in 2018 –PenCom

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insurance companies writing third-party business is growing at double-digit pace as the digital era expands the ways that organizations can provide and service insurance, according to global insurance broker Marsh.

Technology advances, including mobile applications and blockchain, are making it easier for organizations to offer insurance to third parties including customers and suppliers, Marsh notes in its 2019 Captive Landscape Report, which examines trends among 1,100 captives managed by Marsh Captive Solutions globally.

captives not only insure new risks but also reduce expenses by streamlining the handling of policy information, proof of insurance, and claims payments, the report notes.

Common third party coverages include extended warranties, auto liability, theft, travel accident and independent contractor/customer risk vendor policies.

According to the report, 22 per cent of Marsh-managed captives wrote some form of third-party business in 2018, representing a year-over-year increase of 12 per cent and a 62

five years. In particular, coverage for contractor, vendor, and customer risk continued its steep growth trajectory, increasing 138 per cent among Marsh managed captives in the past five years. In 2018, Marsh captives writing such third-party risk generated a total of US$162 million in net premiums.

Marsh-managed captives wrote more than US$3 billion of net premiums for extended warranty coverage in 2018. The number of Marsh captives writing such coverage, which protects a variety of assets from computers to automobiles, increased 22 per cent over the last five years.

FBNInsurance pays N4.8bn claims in 2018

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BNInsurance Limited has presented its annual report to shareholders at the company’s Annual General Meeting (AGM) which held in Lagos recently.

Addressing the members of the press, the Managing Director/Chief Executive Officer, FBNInsurance Limited, Val Ojumah, stated that the company closed the year with positive results and also made prompt claims payments

to customers despite the unpredictable economic situation in the country occasioned by preparation for the just concluded general election.

Reviewing the year, Val Ojumah stated “we grew Gross Premium Written (GPW) by 33% to N26.0bn in 2018 from N19.6bn in 2017; while Profit Before Tax (PBT) appreciated by 44% from N4.2bn in 2017 to N6.13bn in 2018. The performance,

he said, was driven by the company’s sustained growth and penetration into the retail segment of the industry. “Over the same period, as a responsive and responsible organisation, we promptly paid claims to our Clients to the tune of N4.8bn which is a 66% increase from N2.9bn in 2017. Our strategy remains to provide financial security to our customers. We are keen to attain uncontested leadership status in the

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ife insurance operators have generated N328.88 billion premium from annuity since the inception of the Contributory Pension Scheme (CPS).

According to the National Pension Commission (PenCom) in its fourth quarter 2018 reports, life underwriters also made monthly annuity payments of N3.26 billion as at the end of fourth quarter, 2018.

PenCom noted that it approved a total of 4,350 applications for retirement under life annuity during the quarter, bringing the total number of retirees receiving their retirement benefits through

the annuity plan to 61,652.

It added that the 4,350 retirees received N8.61 billion as lump sum payment and paid premium of N38.91 billion to the insurance companies and monthly annuity of N260.14 million.

In 2017, annuity provided the largest chunk of premium income amounting to N77.77 billion, which is 48 per cent to Life Insurance Companies.

Data obtained from the Nigerian Insurers Association (NIA) revealed that Life Insurers earned N44.58 billion, 28 per cent from group life and N39.27 billion from individual life business.

life insurance sub-sector as well as aggressively exceed our customers and shareholders’ expectations,” he said. The company also announced a dividend of 65k per share, representing 81% increase from 36k that was declared for 2017.

Commenting on the company’s financial returns, Chairperson of the Board of Directors, FBNInsurance Limited attributed the growth and outstanding performance

of the company in 2018 to its commitment in putting its clients first and resilience in achieving remarkable milestones. “Ours is a business of trust and as part of our efforts geared towards maintaining indisputable leadership in the life insurance sub-sector, we have built a solid foundation where our clients can insure their trust because of our reputation over the years of paying claims promptly” she said.

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The Oracle Today Wednesday June 5 – 11, 2019

Travel & Hospitality Transcorp Hilton Abuja, Ethiopian emerge top winners at WTA 2019 Stories by VICTOR NZE

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he finest travel and hospitality brands in Africa and the Indian Ocean were, Sunday, unveiled at a star-studded World Travel Awards (WTA) Africa & Indian Ocean Gala Ceremony which held at the Sugar Beach in Mauritius.

The Transcorp Hilton in Abuja again won the top prize in the ‘Africa’s Leading Business Hotel’ category as Kenya scooped the ‘Africa’s Leading Destination’ award.

Meanwhile the lush forests, wild waterfalls, unique wildlife and paradise beaches of Mauritius helped it lift the title of ‘Indian Ocean’s Leading Destination’, as well as the new category of ‘Indian Ocean’s Leading Adventure Tourism Destination’.

Hundreds of the leading travel industries figureheads from across Africa and the Indian Ocean attended the ceremony at Sugar Beach – A Sun Resort, which borders the vast sands of Flic-en-Flac Beach.

“Our inaugural ceremony in Mauritius has proved an incredible success. We have had the privilege of recognising the leading destinations, hotels, resorts, airlines and travel providers from across Africa and the Indian Ocean and my congratulations to each of our winners,” remarked Graham E. Cooke, Founder, WTA. On his part, Honorable Anil Kumarsingh Gayan, SC, Minister of Tourism, Republic of Mauritius, said: “It was a big honour and a great

privilege for Mauritius to host the WTA Africa & Indian Ocean Gala Ceremony 2019.

“Such a glittering event would not have been possible without the dedication and unwavering support of my good friend, Mr. Graham Cooke, and his wonderful team. Thank you for making 1 June 2019 such an exciting and memorable evening.”

In the aviation sector, Ethiopian Airlines was voted ‘Africa’s Leading Airline’, whilst ‘Africa’s Leading Airport’ went to Cape Town International Airport. In the Indian Ocean, Air Mauritius claimed the titles of ‘Indian Ocean’s Leading Airline’ and ‘Indian Ocean’s Leading Airline – Business Class’.

South Africa’s Table Mountain was named ‘Africa’s Leading Tourist Attraction’. Kenya enjoyed a strong showing, with Kenya Tourist Board named ‘Africa’s Leading Tourist Board’, capital Nairobi winning the new category ‘Africa’s Leading Business Travel Destination’, and Kenyatta ICC picking up ‘Africa’s Leading Meetings & Conference Centre’.

In the Indian Ocean categories, the Maldives cemented its reputation as the definitive romantic nation by being named ‘Indian Ocean’s Leading Honeymoon Destination’, whilst Seychelles picked up ‘Indian Ocean’s Leading Sustainable Tourism Destination’.

Hospitality winners included Hilton Hotels & Resorts (‘Africa’s Leading Hotel Brand’), Saxon Hotel, Villas & Spa (‘Africa’s Leading Boutique

From Left: Head, Finance, Business Services & HR, Lufthansa (West Africa), Solomon Adeusi; National President, National Association of Nigeria Travel Agencies (NANTA), Bankole Bernard; General Manager Sales, Nigeria and Equatorial Guinea, Lufthansa Group, Adenike Macaulay; Managing Director/Chief Executive Officer of Financial Derivatives, Bismarck Rewane, and Partner, Aelex Legal Practitioners & Arbitrators, Fubara Anga at the opening of Lufthansa Group’s new Lagos office in Ikoyi on Friday.

Hotel’), Thanda Island, Tanzania (‘Africa’s Leading Luxury Island’), Pangolin Chobe Hotel, Botswana (‘Africa’s Leading New Hotel’), Legend Golf Resort & Spa, South Africa (‘Africa’s Leading Sports Resort’), and Transcorp Hilton Abuja (‘Africa’s Leading Business Hotel’).

The ceremony marked the third leg of the WTA Grand Tour 2019 – a search for the finest travel and tourism organisations in the world. Other 2019 regional ceremonies include Montego Bay (Jamaica), Abu Dhabi (UAE), Madeira (Portugal), La Paz (Bolivia), Phu Quoc (Vietnam), with the winners progressing to the Grand Final in Muscat (Oman).

Occupancy surges, profits drop for MENA hotels

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ccupancy levels at hotels in the Middle East & North Africa (MENA) surged to 78.2 percent in April, but it was not enough to prevent profit levels falling for an eighth consecutive month, according to the latest data tracking full-service hotels.

Profit per room at hotels in MENA fell by 2.9 percent in the month to $92.95. Despite the decline, this was a high for 2019 and 9.1 percent above the year-todate GOPPAR figure at $85.19.

While occupancy was up, average room rate was down 4.1 percent YOY to $169.65. The combination equated into a 1.0-percent YOY drop in RevPAR to $132.70.

Beyond RevPAR, hotels in the

region suffered a 0.7-percent decrease in ancillary revenues, which contributed to a 0.9-percent decline in TRevPAR to $226.40.

This was also a peak for 2019.

The profit performance of MENA hotels was further impacted by escalating payroll costs, which increased by 1.6 percent YOY to $57.98, on a per-available-room basis. This is equivalent to 25.6 percent of total revenue.

“The almost consistent YOY growth in room occupancy, amidst rapid increase in supply over the last 24 months, has been a positive story for hotels in the Middle East & North Africa. The challenge continues to be the falling ADR and, consequently, gross operating profit,” said

SAA boss, Jarana resigns

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arely weeks after revealing turnaround plans as well as route expansion, the Chief Executive Officer of South African Airways (SAA), Mr. Vuyani Jarana has resigned from the state-owned airline.

Jarana’s resignation letter to SAA board chairperson Johannes “JB” Magwaza, last Sunday, said the CEO resigned due to uncertainty about funding and how slow decision making processes were delaying the airline’s turnaround strategy.

Jarana according to reports recently raised concerns that

legislation was stifling the airline’s competitiveness, making it difficult to compete in the market.

He spoke of restrictions imposed the Public Finance Management Act, which would in some cases require three levels of approval for a matter which required urgent action.

Jarana was appointed chief executive of the embattled national carrier in August 2017.

He left his five-year stint as the chief officer of Vodacom Business, to become the eighth person since 2010 – either a permanent or interim basis – tasked with turning

Michael Grove, Director of Hotel Intelligence, EMEA, HotStats.

Hotels in Abu Dhabi narrowly missed out on a fourth consecutive month of YOY profit growth this month, as GOPPAR fell by 0.3 percent to $73.38.

Mirroring the performance of the region, the drop in profit came despite room occupancy soaring to 87.1 percent, exceeding the most recent high of 86.6 percent recorded in November 2017.

However, mirroring the broader story, ARR was down 3.7 percent in the month to $127.65.

The decline in rate wiped out the growth in volume and ancillary revenues, and contributed to the 1.1-percent decrease in TRevPAR to $205.88. around the fortunes of SAA. Jarana replaced the company’s chief technical officer, Musa Zwane, who was acting in the position since 2015.

Recall Eskom’s Phakamani Hadebe announced a week ago that he would be stepping down at the end of this month.

While there has been no confirmation from the national carrier, the South African Broadcasting Corporation (SABC) is reporting that Jarana tendered his resignation on Thursday.

Much like outgoing Eskom CEO, Jarana was tasked with stabilizing the national carrier around and turning it into a profit-making business.

Dana Air opens more outlets in Abuja, Uyo

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ana Air has opened more sales and ticketing outlets in Abuja and Uyo to provide more convenient booking options for its guests.

The airline in a statement by its Media and Communications Manager, Kingsley Ezenwa said the outlets which will be officially opened on the 2nd of June 2019, is to meet with growing requests by its guests to have more outlets outside the airport. ‘’We are pleased to announce that on the 2nd of June 2019, we shall be opening more outlets in Abuja and Uyo in fulfillment of the requests of our guests for us to have more outlets outside the airport for booking, reservations and other ticketing and sales activities. ‘’Opening the outlets is the precursor and having reached the peak of our plans for further strategic expansion, we felt the need to open more outlets to provide more options and convenience for

our teeming guests. ‘’The new outlets in Abuja are located at Silverbird entertainment center, central area Abuja, Transcorp Hilton Hotel, Maitama Abuja, and KIA Plaza Utako, Abuja and in Uyo, the new outlet is located at number 81 Oron road, with more to come in the next quarter. ‘’We wish to also thank our guests for massively downloading our user –friendly mobile app and for taking advantage of all convenient check-in and booking ideas that we make available like the smart booking on WhatsApp (07051190363), self-service kiosk located at departure hall of MMA2 and the Dana Air mobile app available for download on Play store and Apple store and our guests can perform any flight related activity on the go.

At the moment we have over 10k downloads and we can only appreciate our guests for choosing the smartest ways to book.’’

NAMA, GCAA reach deal on cross-border search, rescue

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igerian Airspace Management Agency (NAMA) has signed a Memorandum of Understanding (MOU) with the Ghana Civil Aviation Authority (GCAA) for effective synergy and collaborative cross border search and rescue around the common boundaries of the two states.

The memorandum of understanding which was signed at NAMA corporate headquarters in Lagos with a high-powered team of GCAA officials stipulates guidelines and procedures for collaboration on aircraft and weather/ terrain information sharing, deployment of manpower as well as search and rescue equipment in the event of an incident or accident.

NAMA at the event also signed Letters of Agreement with the visiting Ghana team specifying procedures to be followed for tactical separation of aircraft between Lagos and Accra.

Stipulated in the Letters of Agreement are details such as how air traffic controllers exchange or manage the movement of aircraft

across the two centres in terms of radio frequencies, the point at which to transfer aircraft as well as established boundaries and altitude for transfer of aircraft across the common borders.

Also contained in the agreement are procedures of handling emergencies, transfer of aircraft using technical systems such as Controller Pilot Data Link (CPDLC) and Automatic Dependent Surveillance Contract (ADSC) as well as standard separation between aircraft compliant with that of the adjacent state.

The two states also discussed the possibility of a partnership which would enable NAMA undertake the training of some of its operational personnel at the Ghana Civil Aviation Academy by virtue of its affiliation with renowned training institutions globally, just as they deliberated on the need for both states to share information on air navigation plans as this would ensure compatibility and interoperability of Air Traffic Management Systems to be deployed by each state.

28

The Oracle Today Wednesday June 5 – 11, 2019

e-Platform

Nigeria records N34.02trn e-payment transactions in Q1 2019 Stories by VICTOR NZE

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ational Bureau of Statistics (NBS) has said the value of transactions recorded on Electronic Payment channels in the first quarter of 2019 was N34.02 trillion.

In a report released last week, the statistics office stated that this was carried out in a total of 557.08

billion transactions.

According to the report, the NIBSS Instant Payments (NIP) transactions dominated the volume of transactions recorded, recording 232.82 billion transactions valued at N24.17 trillion in the period under consideration.

An analysis showed that 1.47 million transactions worth N1.15 trillion were carried out via

cheques, with ATM recording 202.96 million transactions valued at N1.54 trillion.

In addition, 83.76 million transactions worth N633.81 billion occurred on POS, 20.82 million transactions valued at N107.65 billion on the web payment platforms, and 2.93 billion transactions worth N100.69 billion were carried out via mobile payment systems.

On the m-Cash platform, 58,704

transactions worth N183.44 million occurred, e-bills pay had 316,534 transactions valued at N141.65 billion, Remita recorded 1.46 million transactions worth N19.25 billion, NAPS had 10.70 million transactions worth N6.15 trillion, while Central Pay recorded 232,727 transactions valued at N1.60 billion.

Also, in the report by the NBS, it was disclosed in the report that in terms of credit to private sector, the

total value of credit allocated by the bank stood at N15.21 trillion as at Q1 2019.

Oil & Gas and Manufacturing sectors got credit allocation of N3.49trn and N2.23trn to record the highest credit allocation as at the period under review.

As at Q1, 2019, the total number of banks’ staff increased by 0.33 percent quarter-on-quarter from 104,669 in Q4 2018 to 105,017.

Apple granted patent for foldable device

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pple has filed a patent application for a foldable device, which folds inwards much like the Samsung Galaxy Fold.

In Apple’s patent the device has a display layer and a protective cover layer on top that are designed to fold or bend along a specific bendable region (like the hinge on the Fold).

The protective layer (which will be on top of the display layer) will reportedly be made of a ceramic material like glass, sapphire or zirconia.

The figure below shows a folding device with the display

on the inside, folding in on itself.

It could be the same device, only folded a third time, or possibly even a separate design.

Rumors tentatively suggest 2020 as the designated year of release of Apple’s first foldable iPhone.

Meanwhile Apple was reportedly granted a second patent for a Smart Keyboard Folio.

The released figure suggests that it will feature a trackpad on one side and possibly a keyboard and Apple Pencil-enabled touch area on the other.

Meanwhile, Sony may be working on a foldable phone of its

own – the Xperia F. It is in the early stages of development as reports coming out of China claim that the phone is set to launch next year.

The screen will have Sony’s trademark 21:9 aspect ratio and will use a flexible OLED panel from Samsung. It’s likely that this will be a vertical folding design as the Samsung and Huawei foldable phones (which fold horizontally) have squarish aspect ratios.

According to the rumors, the Sony Xperia F will sport a 5G modem, which may be Sony’s first.

Unless the company unleashes a 5G-connected Xperia at IFA, of course.

NOTAP moves to ensure all technologies run on Nigerian software

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irector-General, National Office for Technology Promotion and Acquisition (NOTAP), Dr Dan-Azumi Ibrahim, Thursday, said that the agency was working toward ensuring that all technologies in the country would run on Nigerian software.

Ibrahim made this known on Thursday in Lagos, during the Maiden Edition of the Tourism and Technology Summit 2019.

The director-general was represented by the Principal Technology Officer of NOTAP, Mr John Omesili.

He said significant progress that supported this narrative was already on ground.

“Today using pay stack, we can directly charge cards and allow

payments to be made to local businesses.

“We have an online travel websites such as Wakanow and hotels-finding service, hotels.ng.

These brands use software to run their businesses; they show how ICT and Tourism can work together to bring desirable products to the market place,’’ Ibrahim said.

According to GlobalData 2018 Report, Technology Trends in Travel & Tourism, technology is fostering a change in the travel and tourism industry regarding how companies interact with customers.

“Consequently, travel companies are adopting various technologies to improve operational efficiencies and meet customers’ expectations at every

stage of their journey,’’ he said.

Ibrahim said that looking into the future there were six trends to watch out for in the tourism industry.

He said that the six trends included: Augmented and Virtual Reality (AR/VR), Artificial Intelligence (AI), Internet of Things (IoT), Voice Technology, Wi-Fi Connectivity and Wearable Devices.

The NOTAP boss said that Nigerians could leverage on these trends to create new realities in the tourism space.

According to him, Nigeria has the best brains around the world and it must use them.

He said that Nigeria could be the first country to sell or franchise Virtual Reality software for the

Digital Tourism in the world.

Ibrahim said that using real time location sensors, the country could create digital experiences never imagined.

“We have no other country than Nigeria and it is the result of our collective efforts that can make our country great and an investment hotbed.

“Our collective efforts can make our country one that is adequately supported by the tourism sector, creating sights, sound experiences and stories that will by all means further a better Nigerian narrative.

“I am sure that the effective utilisation of Nigerian technological and innovative intelligence in this sub-sector would go a long way to stabilise the economy and move

our country to the next level of economic prosperity,’’ he said.

Ibrahim lamented that 60 per cent of technologies used in Nigeria are foreign.

He said that the cost of using foreign technologies was enormous, with minimal contribution toward reducing the unemployment level in the country.

“Presently, about 55 to 60 per cent of technologies utilised within the Nigerian economy are foreign ICT based,” Ibrahim said.

According to him, to manage the situation, NOTAP in collaboration with the World Intellectual Property (WIPO), Central Bank of Nigeria and other stakeholders developed the Local Vendor Policy in 2007.

LG’s NeoChef raises bar on culinary experience

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t’s no longer news that fast foods are mostly bad for our health. Junk foods are clogging our collective arteries and making us spend more money. Soft drinks are giving us diabetes and even that innocent restaurant salad can have three times as much fat as flaxseed oil.

However, to many people who prefer home cooked meal, they want to do so in no time without any stress. They want to have it all – watch the television, play with the kids, surf the internet on their smartphones and at the same time have their dinner at home before going to bed.

Of course, this can only be possible through tech innovation.

With a vision to provide innovative, clean and efficient energy solutions for a better tomorrow, LG Electronics introduced NeoChef microwave ovens with Smart Inverter technology that allows for

flexibility to select the power level at the start of the cooking process and varies the power delivered during the cooking process depending on the cooking option selected. The NeoChef microwave ovens use an uninterrupted linear supply of power to more evenly cook, reheat or defrost food.

According to Mr Jiung Park, General Manager, Home Appliances Division, LG Electronics, West Africa Operations, the ergonomic LG NeoChef Microwave Ovens were produced to take culinary and microwave ovens to a new level.

“Families are on-the-go more than ever and the LG NeoChef can help consumers prepare food in a simple, fast and efficient way”, he said.

“LG NeoChef Microwave oven is an all-in-one unit with revolutionary cooking capabilities.

From delicately fermenting yoghurt

to melting chocolate, to popping corn and baking cakes, the LG Inverter microwave is a versatile cooking solution. It comes with the latest Smart Inverter technology, hygiene-enhancing features like AntiBacterial EasyClean, Hexagonal Ring and LED Lighting.

“It saves you time, electricity and energy, taking the guesswork out of microwaving with precise power distribution – providing varied power levels and cooking options, for everything from fresh vegetables, to heating your pizza perfectly and defrosting meat.”, Mr Park explained.

LG NeoChef uses precise, variable power control between 300 to 1,200 watts to evenly cook or

defrost food – helping to eliminate dreaded cold centres and overcooked edges.

Its humidity-sensing technology determines when food is cooked and automatically turns off the microwave to help prevent the over- or under-cooking of meals.

The elegant LG NeoChef eliminates trim and parting lines with its sleek, unified tempered

glass front.

This minimalist, glossy front combines with a refined matte exterior to allow the NeoChef to seamlessly blend in with the decor of any kitchen.

The exquisite contrast between the microwave’s unified tempered glass and metal give it a distinguished, refined look. The ergonomically designed rounded pocket-style handle and diamond cut dial weds form to function to deliver the ultimate in precision and user-convenience.

The NeoChef extends its usability enhancing features into input with its simple intuitive sliding touch control which simplifies operation.

29

The Oracle Today Wednesday June 5 – 11, 2019

EQUITY & Capital Market

Police sealed off Oando for SEC’s interim management installation

Stories By JEROME USHAKANG

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he Group Managing Director of Dangote Industries Limited (DIL), Mr. Olakunle Alake has attributed more failures in businesses in developing economies owing to poor sustainability and governance practices in addition to hostile operating environment.

Alake in a goodwill message delivered on the floor of the Nigerian Stock Exchange (NSE) on the occasion of the “Facts Behind Sustainability Report” presented to the capital market community by Dangote Cement Plc from its 2018 sustainability report , stressed that the launch of the NSE sustainability disclosure guidelines has provided a lever on which quoted companies could anchor the drive towards business longevity, competiveness and continued growth.

He said, “There could be no more appropriate businesses to lead the sustainable development journey than businesses that are publicly owned and listed.”

According to him, if all listed companies in Nigeria could champion this noble course, the multiplier effect on the Nigerian and wider African economy would be enormous.

He stated that the renewed call for businesses to develop a culture of sustainability –which simply means,adopting global best practices in economic, social and environmental impact management , as well as in corporate, comes at a time when more businesses are failing in developing economies.

The Group Managing Director said that he was delighted to officially unveil the first “Facts Behind the Sustainability Report” on the floor of the Exchange . He said, “As the biggest listed company in Nigeria , and a member of the 8-member premium board of the NSE, we understand our responsibility to champion sustainability development in the capital market and in Nigeria.

Alake emphasized that the historic event was a clear demonstration of the progress that is being made in the corporate sustainability space in Nigeria and the propelling role that the Nigerian Stock Exchange is playing in this regard.

He explained that as a responsible leader in corporate Nigeria, Dangote Group has in the last couple of years intensified its sustainability journey.

“This is to ensure that the concept is acculturated and integrated into all aspect of our businesses. We develop our unique seven-sustainability pillar approach, covering institutional, operational, environmental, financial, economic, social and cultural sustainability.

By adopting this approach, we are ensuring that all business functions at Dangote Group own and embrace sustainability and make these global principles the way we do our businesses. Alake said.

He noted that there is a strong business case for corporate sustainability , adding that the global call for businesses and institutions to be run more responsibly to enhance their positive impact and reduce negative externalities, is beneficial to businesses, their stakeholders, the society and the larger economy.

In his own words, Alake said, “At Dangote Group, the vision of the business from the outset is to create value for all stakeholders and positively impact and transform the

M •President/CEO, Dangote Group, Alhaji Aliko Dangote

•CEO, NSE, Mr. Oscar Onyema

Poor sustainability practice, bane of business failures –Alake economies where we operate. This is what we call ’The Dangote way ‘. We can say with utmost confidence that this sustainable business model has been a win-win.

He on behalf of their President/ CEO Alhaji Aliko Dangote , the Board , Executive Management ,all employees, shareholders and stakeholders of Dangote Group commended the Nigerian Stock Exchange for the privilege given Dangote Cement Plc to be the first listed company to officially unveiled the “Facts behind the sustainability Report.

Also speaking at the ceremony, the Chief Executive Officer of the NSE, Mr. Oscar Onyema said, On behalf of the Council, Management and Staff of The Nigerian Stock Exchange and the entire capital market community, I welcome the Board and Executive Management of Dangote Cement Plc to the maiden edition of Facts Behind the Sustainability Report presentation.

The Exchange continues to highlight the importance of sustainable business practices in delivering value to its listed companies, the investing public and to support African economic growth. Since the NSE launched the Premium Board, the growth of NSE Premium Index has demonstrated that incorporating high levels of corporate governance and sustainability at the core of a business are critical factors for delivering sustainable investor value.

We firmly believe that promoting transparent disclosures on environmental, social and

governance issues can help listed companies access the long-term sustainable capital that will help them contribute their role as private sector organisations to achieving the sustainable development goals.

It is a journey that we are travelling as well. In 2013, we developed a sustainability strategy that was anchored on the four pillars of Marketplace, Workplace, Community and Environment.

These pillars allows us to embrace sustainability principles in our operations, internalize the values as employees, and influence our ecosystem whilst remaining a good corporate citizen. To further raise the bar, we joined the Sustainable Stock Exchanges Initiative and the World Federation of Exchanges, two reputable organisations that fuel our aspiration of fostering the growth of long term sustainable finance.

In achieving this commitment, NSE had reached a number of milestones. We launched the first Climate Bond Initiative certified Sovereign Green Bond. Developed a savings bond that promotes inclusiveness in the bonds asset class.

Earlier this year, we released the NSE Sustainability Disclosure Guidelines which is mandatory for Premium Board listed companies. Further to the issuance of these Guidelines, we hosted a Sustainability Reporting Implementation Workshop in partnership with the Global Reporting Initiative. This was a way of helping listed companies understand the reporting requirements of the recently launched NSE Sustainability Disclosure Guidelines.

embers of staff of Oando Plc were earlier on Monday morning denied access into the company’s corporate headquarters situated at Ozumba Mbadiwe Street in Victoria Island, Lagos as operatives of the Nigerian Police Force (NPF) sealed the building.

The Police’s takeover of the building is in line with the directives of the Commission on the constitution of an Interim Management Team, to take over the running and affairs of the company.

This follows the conclusion of SEC’s investigation into the affairs of Oando Plc. The investigation unraveled serious infractions by the company, ranging from false disclosures, market abuses, manipulation of financial statements, internal control failures, among others.

Since SEC reviewed its findings and requested the resignation of Oando’s Group Chief Executive Officer (CEO), Mr. Wale Tinubu, Oando share price crashed to fivemonth low. Oando’s share price fell 9.6percent to N4.20 last weekend as the news of SEC’s demand made the rounds. The stock closed the month 13.4percent down and is now the lowest share price (N4.15) since January 2019. Following the statement by SEC, Oando plc issued a statement to the NSE denying the development. : While the alleged ‘official statement‘ had tried to defend the position and integrity of

Oando Plc, the denial casts doubt over the company’s innocence in this matter. It should be noted that the earlier statement was signed by the Company Secretary, Mr Ayotola Jagun. It is still on the Nigerian Stock Exchange website right now.

However, in a statement issued to the Nigerian Stock Exchange (NSE), the company said the alleged statement attributed to Oando Plc was not released by the company or the Chairman of Oando, HRM Oba M.A. Gbadebo. Oando plc issued a statement to the NSE denying the development.

Meantime, Oando refuted the statement, and urged the public and its shareholders to be aware that the alleged ‘official statement‘ was not from Oando. The statement read:“Our attention has been drawn to an unsigned document circulating online addressed to the Securities and Exchange Commission (SEC) and allegedly from the Chairman of Oando PLC (the ‘Company’ or ‘Oando’).“We would like to use this medium to inform the general public that the Company has not officially released a statement or letter in response to the SEC. We urge the general public to be aware.”

The messy situation began about two years ago after two of its directors (Gabriel Volpi and Alhaji Dahiru Mangal) accused the company’s management of financial recklessness and denying them adequate representation on the board.

SEC, EFCC Pledge to Strengthen Collaboration

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he Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have agreed to collaborate in combating crime in the Nigerian capital market.

This agreement was reached when the Management of the SEC met with the Management team of the EFCC at the EFCC Corporate Headquarters in Abuja weekend.

Acting. DG of the SEC, Ms. Mary Uduk who led the team, said the visit was necessary in order to close ranks in the face of re-awakening of Ponzi schemes, cybercrime and other fraudulent activities that have engulfed the market in the last few years.

Uduk also stated that the visit was aimed at revisiting the

•Ag. Chairman, EFCC, Mr. Ibrahim Magu

Memorandum of Understanding (MoU) signed between the SEC & EFCC on January 19, 2017.

According to Uduk some areas where the MoU seeks Cooperation of both Agencies includes training, secondment of middle cadre officers of the SEC to the EFCC and those of the EFCC to the SEC, cross boarder asset seizure, repatriation of stolen funds from the Capital market and prosecution of offenders amongst others.

“We have had reasons to work together on some cases in the past. There is no better time for the SEC and EFCC to collaborate more closely than now” she added.

Responding, the Ag. Chairman of the EFCC, Mr. Ibrahim Magu thanked the Executive Management of the SEC for the gesture and stressed the need to strengthen collaboration between both agencies.

Magu also assured the SEC team of the EFCC’s support in ensuring that clauses embedded in the MoU are executed given the magnitude of fraudulent activities currently on going in the country.He reiterated the need for joint training of staff of both organizations, and said there is need to review the MoU in order to achieve both organization’s objectives.

On the rising spate of Ponzi schemes in the country, Magu stressed the need for more sensitization campaigns between the the SEC and the EFCC to ensure unsuspecting Nigerians do not continue to lose their hard earned money.

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The Oracle Today Wednesday June 5 – 11, 2019

MONEY Market E-payment transactions hit N34.02 trillion, as NPL stood at N1.6 trillion in Q1, 2019

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Stories By KAYODE OGUNWALE

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total of 557,083,712 electronicpayment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019.

This according to National Bureau of Statistics (NBS) in its latest report on Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength data posted on its website.

It said Nigeria Inter-Bank Settlement System Instant Payment transactions dominated the volume of transactions recorded with 232,816,102 volume of NIP transactions valued at N24.17 trillion were recorded within the period under review.

It, however, said that in terms of credit to the private sector, the total value of credit allocated by the banks stood at N15.21 trillion as at first quarter 2019.

It said the Oil and Gas and Manufacturing sectors got credit allocation of N3.49 trillion and N2.23 trillion respectively to record the highest credit allocation as at the period under review.

Also, the total number of staffers of the banks increased by 0.33 per cent quarter-on-quarter from 104,669 in the fourth quarter, 2018 to 105,017 in the first quarter, 2019.

Meanwhile, the latest statistics also revealed that Nigeria’s banking sector recorded N1.676 trillion worth of non-performing loans as of the end of March 2019.

Their gross loans stood at N15.480 trillion, while the loans after specific provisions stood at N13.739 trillion in the period under review.

NPLs on a Downward Path: A total of N2.18 trillion was recorded

AfDB provides €100 million partial guarantee for commercial agriculture in Africa

• Kufre Ekanem, Managing Director, Philosoville Limited and Executive Producer of Hymnodia, a reality TV show created around hymns and worship; being commended with a handshake by Rev. (Col.) Bante Kauche, Director, Chaplain Services, Nigerian Army, and Kenneth Ekhuemelo, (Middle) winner of Hymnodia Season 1; during the car prize presentation to Ekhuemelo, at the All Saints (Army Headquarter) Cathedral, Abalti Barracks, Surulere, Lagos. in the first quarter of 2018 as nonperforming loans. This figure dropped to N1.93 trillion in the second quarter, only to pick up in the third quarter of 2018 at N2.24 trillion, before declining again in the fourth quarter to N1.79 trillion.

The ratio of the non-performing loans to total loans for the first quarter of 2019 was 10.83 percent, while non-performing loans to total loans after specific provisions was 12.2 percent.

What this means: There is a clear positive medium-term impact on the economy when nonperforming loans decline. It is widely acknowledged that economies of countries that constantly find

solutions to its NPLs perform well even as the supply of credit increases.

Why this matters: Nonperforming loans are a burden for both lenders and borrowers.

According to a report, NPLs reduces credit availability, distort the allocation of credit, negatively affect market confidence, and slow economic growth. It is always advisable for regulators and stakeholders not to ignore NPLs’ problems in order to avoid deterioration.

The Managing Director/Chief Executive Officer of the Asset Management Corporation of Nigeria, Mr. Ahmed Kuru, recently

called for the revisit of the failed Bank Act. This, he believes, will make operatives in the banking sector to accountable.

Note that bank employees risk losing their jobs when the debtors they approved a loan for doesn’t pay back as when due or refuses to finance its loan or the loan goes bad.

Earlier Development: Earlier on, we reported that the Committee of Banks’ Chief Executive Officers (CEOs) disclosed plans to go tougher in efforts to bring blacklisted defaulters to book. The CEOs have perfected plans for all banks to cooperate and collaborate in order to fish out all defaulters.

he Board of Directors of the African Development Bank (AfDB), over the weekend has approved a €100 million partial credit guarantee (PCG) to the structured finance company, African Agriculture Impact Investments Ltd (Mauritius), to develop commercial agriculture in Africa.

The Mauritius-based company will leverage the Bank’s PCG to catalyse additional financing from international pension funds through an Agri-linked Note to facilitate investments in sustainable farmland and agricultural infrastructure across Africa. It will be authorized to operate in various African countries through a special purpose entity that will include two other active portfolios worth €62.5 million.

The investments are expected to target agricultural assets that will support multiple value chains including but not limited to; wheat, maize, barley, sorghum , livestock, dairy, as well as diverse fruits, vegetables and nuts. It comes with strong social, environmental and economic development impact including the generation of over 8,000 jobs with significant involvement of women and youth. It will help disseminate commercial-scale agribusiness and farm operational capacity across Africa with high complementarity with small-scale farmers through technical, managerial and financial skills transfer.

“This is a landmark transaction that demonstrates the Bank’s bold actions and firm commitment to the “Feed Africa” objective by promoting food security and connecting African farms to adequate finance, skills, technology, and markets both regionally and internationally” – Atsuko TODA, Director Agriculture Finance and Rural Development, reacting to the Board’s approval.

The project is in line with the Bank’s strategic priority for Agricultural Transformation in Africa as it will contribute to the expansion of agricultural finance and in increasing food productivity, import substitution, and value addition on the continent.

Fidelity Bank restates commitment to Youth development

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anaging Director / Chief Executive Officer, Fidelity Bank Plc, Nnamdi Okonkwo, has described sport as a strong element in youth development.

Okonkwo stated this at the closing ceremony of the Anambra State U13/U17 Academicals which took place at St. Mary’s High School, Ifitedunu, Anambra State at the weekend.

He explained that Fidelity is pleased to partner with the state as a way of giving back to the society, stressing that through

the initiative the bank also intends to curb youth restiveness by engaging them meaningfully.

“Since sport is a very strong element in youth development, we felt we needed to partner with the state to make sure we get this competition going strongly. You can see what happened here today and I think that it was really an international standard show they put up. We are proud to have supported that and we are looking forward to continuing this support,” he said.

Earlier, the Deputy Governor,

Dr Nkem Okeke, who represented the governor, Chief Willie Obiano, said that the competition was a demonstration of the governor’s belief and commitment towards advancing the cause of the youths in the state.

According to him, engaging the youths in all forms of programmes, projects, sporting activities, skills acquisition are all part of youth development to keep them away from social vices.

“We’ve all had a wonderful day seeing these kids show their

skills in football. You can see the enthusiasm of these kids,” Okeke said.

He commended Fidelity Bank Plc for sponsoring the tournament, noting that the presence of the MD/CEO of the bank at the finals showed the commitment of the bank to the initiative.

He called on other corporate organizations to take a cue from Fidelity and sponsor other events.

“It’s not just football that we play here. There are other

games like basketball, tennis, whatever, they can be involved in organizing these and I know we have the players in Anambra,” he stated.

Meanwhile, Central School, Ekwulobia defeated Eri Primary School three goals to one to lift the U13 trophy and a cash prize of N500,000.

At the U17 category, Community Secondary school, Uga beat Metropolitan College, Onitsha 3-2 to win the trophy and cash prize of N1,000,000.

Access Bank facilitates capacity training programmes to support SMEs

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ccess Bank Plc through its business club initiative is building the managerial capacity of entrepreneurs to the level they can easily succeed in their respective businesses using information technology.

The programme which held recently at the Las Vencedoras Gardens in Port Harcourt witnessed a lot of SMEs from all walks of life and covered topical areas in capacity building.

Head, Retail Banking, Access Bank Plc, Victor Etuokwu, reiterated the commitment of the bank to impact small and medium enterprises positively.

“It is something we have to do and take as our primary role in the economy, we are providing a lot of benefits targeted at developing the macroeconomic landscape of the country. The Access Bank business club is designed for SMEs to meet and network with each

other in a relaxed atmosphere outside the banking hall which has significantly helped business owners grow their network whilst increasing the bank’s customer base,” Victor said.

In his keynote address, Information Technology investor, Hyacinth Iheanachor, advised Nigerians entrepreneurs to keep up with changing trends in technological innovation to grow their businesses and to avoid

being displaced by “disruptive technology”.

Iheanachor who explained disruptive technology as improved innovation which displaces old ways of doing business said the trend has put many entrepreneurs caught unguarded out of business and misery. He said, “The commonest experience we can share in Nigeria was the introduction of GSM or mobile phones which

almost immediately collapsed the dependence on landlines and analogue phones.

“We must realise that disruptive technology is not about negativity. It has improved efficiency in banking, education, media, virtually all facets of our lives. All businesses need to maximise its benefits. In a world ruled by technology, you either shape up or fall out in your business,” Iheanachor concluded.

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The Oracle Today Wednesday June 5 - 11, 2019

FOCUS

•Some of the dignitaries and resource persons at the youth symposium organised by JohnBosco Onunkwo Foundation .

As Anambra philanthropist moves to eliminate suicide among youths...

From Awka, OZO RAY writes that against the backdrop of increasing spate of suicides among Nigerian youths, an Anambra philanthropist and not-tooyoung-to-run political leader, JohnBosco Onunkwo has, through his Foundation, the JohnBosco Onunkwo Foundation, begun moves to curb tendencies among youths to take their own lives.

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he spate of suicide amongst youths in recent times have become so pathetic and worrisome such that governments , corporate institutions , non-governmental organisations , individuals and many others have taken a decisive action to curb the menace and to also redirect the minds of the younger generation towards channelling their youthfulness in meaningful ventures especially as it concerns the exploration and exploitation of their innate potentials and proclivities for selfhelp as well as self-reliance and to equally contribute their token to the growth and development of humanity in general rather than resort to taking their own lives over frustrations and vicissitudes of life .

In order to find lasting solution to suicides as well as give hope to the youths , a charitable organization known as JohnBosco Onunkwo Foundation took the bull by the horn to dissuade youths from suicidal thoughts and actions that could warrant them to take their own lives . The organization renowned for its humanitarian services across the country , organized a symposium for youths in Anambra state where they were made to understand that at the end of every dark tunnel , there is a silver

lining . The programme which was tagged the New Conversation and done in collaboration with the Anambra State Chapter of Good Governance Ambassadors of Nigeria afforded the platform for seasoned resource persons to educate youths on how to rediscover themselves and depend less on government to realise their dreams and aspirations .

The theme of the symposium which was “ Redeeming Our Youths To Rediscover Their Roots : A Capacity Building Interactive cum Initiative Forum “ was a timely intervention to the menace of suicidal acts as it sought to address erratic thoughts and actions amongst youths which could plunge them into committing suicide . Founder of JohnBosco Onunkwo Foundation and convener of the youth symposium Engr . Chief JohnBosco Onunkwo an accomplished Anambra-born oil and gas magnate based in Port Harcourt Rivers State Nigeria as well as a philantropist of no mean repute took time to explain to the youths that there was absolutely no reason why a youth should commit suicide when he or she can persevere to become a force to reckoned with as well as a reference point in history . Onunkwo who spoke so passion-

ately to the youngsters that listened with avid attentiveness at Omar Event Centre Awka , told the story of how he rose from grass to glory as a youth who had to fend for himself most of the time . He emphasized that no guts , no glory ; that there was need for youths to rediscover themselves and diversify into other spheres where they have comparative advantage .

According to him , “ we have to tell the people that government can not do everything . Time has come when the people should call themselves to a meeting and begin to think about what they can do within themselves and be able to stand .

I believe in capacity building and I believe in the diversification agenda of president Mohammadu Buhari where he said that people should not only think of one source but should think about diversification .

Diversification is a survival strategy . “ He noted that youths should tap into their talents to get greener pastures . The business mogul equally stated that people perish for lack of knowledge and that the seminar has produced positive response which will go long way to reduce suicide and other social vices . He pointed out that the symposium exposed youths to the dangers of

suicide and why the idea of suicide should not be conceived in the first instance . That the whole essence of the interactive forum was for people to have hope in themselves as well as believe in themselves . He said it was the second edition of the New Conversation series where people were told to be less over-dependent on governments , politicians and others for their daily bread even as he noted that he has been in philanthropic services for more than fifteen years uplifting humanity . He however revealed that subsequent editions of the New Conversation series would be held before long , stressing that he would use the platform of the interactions with the youths to further encourage them to be innovative , inventive and resourceful to be able to attain economic independence while his foundation would provide the needed backing to those who discovered as well as explored other areas of comparative advantage to stand out amongst the crowd while making efforts also through JohnBosco Onunkwo Foundation to disabuse as well as dissuade young people from attempting suicide or other vices detrimental to their dreams and aspirations and capable of putting them in perpetual jeopardy .

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The Oracle Today Wednesday June 5 - 11, 2019

FOCUS

As Esimone assumes duty as UNIZIK VC From OZO RAY, Awka

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t was a celebration galore at the auditorium of Nnamdi Azikiwe University Awka Anambra state on 3rd June , 2019 which the university witnessed a hitch-free transition from the government of Prof.Joseph Eberendu Ahaneku the outgone vice chancellor to a new administration which has Prof.Charles Okechukwu Esimone as the 6th vice chancellor and supritendent of the university . Historical facts say that the hand-over ceremony was one of the most transparent in the life of Nnamdi Azikiwe University as previous transitions were characterised by secrecy and what have you . But the university on 3rd June , 2019 witnessed a new era of paradime shift where an elaborate ceremony was done in the full glare of the public .

On the occasion , the former vice chancellor Prof.Joseph Eberendu Ahaneku reeled out some of his achievements which he noted played very significant role in the transformation of the university from what he met on ground upon assumption of office to what it is at the moment upon his exit .

Eberendu described Nnamdi Azikiwe University as a prayerful community stressing the need for the new vice chancellor to embrace benefactors and friends of the university for more infrastructural developments in the university . He said also that the new VC had served as Deputy Vice Chancellor ( Academics ) for four years and thereafter served as his Special Adviser on Academic Matters . According to him , the new VC will surpass his accomplishments because he has utmost confidence in his administrative acumen . Although he observed that there may be distractions and detractors but the new VC should be focused in executing his development agenda for Nnamdi Azikiwe University as the overall objective is to make the institution a world class university .

Dignitaries on the occasion who spoke on the person and personality of the new vice chancellor concurred that Prof.Charles Okechukwu Esimone will cause a monumental difference in the university . One of such very important personalities who lent credence to the new VC’s credentials and qualifications was the first female professor of mass communication in sub-saharan Africa Prof

•Prof .Joseph Eberendu Ahaneku the outgone vice chancellor to a new administration which has Prof. Charles Okechukwu Esimone

Chinyere Stella Okunna who took cognizance of the fact that Prof Charles Okechukwu Esimone was an intelligent person and that his ability to pilot the affairs of Nnamdi Azikiwe University was not in doubt . Also an Associate Professor in the Department of Mass Communication of the university Dr.Ifeoma Dunu noted that the new vice chancellor would perform creditably well and that his emergence came with a glimmer of hope and great expectations for Nnamdi Azikiwe University community even as she suggested that the VC should touch every sector of the university for an all-round development . He however posited that all hands must be on deck to catapult Nnamdi Azikiwe University from 4, 047 position to the top 200 universities in the world under his watch .

Meanwhile Prof. Charles Okechukwu Esimone in his maiden address to Nnamdi Azikiwe University community shortly after his installation as the 6th Vice Chancellor of the institution rolled out his work plan for the university saying “ I am coming to this job with a vision primed on promoting the highest standards of academic excellence , productive community service , administrative reforns , discipline and advances in a matrix of human capacity building , infrastructural development , staff and students’ welfare as well as internally generated revenue . “ Esimone was emphatic that research , teaching , discipline , infrastructure and welfare would form his core areas of concern as vice chancellor of Nnamdi Azikiwe University Awka stressing that his administra-

tion observe zero tolerance to plagiarism , sexual harassment and inducement ; that a mechanism would be put in place to identify culprits and punish them accordingly . He was equally specific that in the realm of discipline , his administration will introduce digital attendance register which will require biometric fingerprints for clocking in and out of work for staff and clock into lecture halls by students pointing out that non-performing staff of the uuniversity will be declared redundant and maybe shown the way out.

•Prof.Joseph Eberendu Ahaneku handing over to Prof. Charles Okechukwu Esimone at the university auditorium .

INTERVIEW

... Ban has created thriving industry for youths Cont’d from page 18 easily on the shores of lakes and so on.

What is considered weeds, for example, we have water hyacinth from the Lake Victoria in the western part of Kenya which is considered a menace on the lake because it invades the lake and makes it impossible for fishermen to go fishing.

But young people have been collecting these weeds and drying them, using them to make bags and other ornaments.

And so, the government has been able to show that, in fact, what people can see as a challenge can be transformed into an opportunity. So, in this case, they have been able to achieve two important objectives: they have been able to reduce the amount of plastic litters that you can find in Kenya and they have been able to spur a new industry in terms of people who can now be able to make bags and baskets, etc, which they would not otherwise have been able to do if this plastic bag ban was not in effect.

What are the major setbacks to attaining environmental sustainability in Africa In Africa, I think we have a major challenge in terms of implementation and fol-

low-up with the treaties and conventions and policies that our governments sign or come up with.

In many cases, African governments come up with some of the best policies on different issues that we can find in the world: be they environmental or social, etc. Other countries from Asia and other parts of the world, they come to our countries to study our policies. But the difference is those countries go back and they implement those policies.

If you think of countries like Singapore, Malaysia or South Korea, some of those countries were at the same level as many of our African countries at the time our African countries were attaining independence in the late 50s and early 60s.

But if you look at the situation now, those countries are many years ahead of us and it is simply because they took time to implement the policies and to followup on the implementation of those policies that they prepared, some of which they took from us.

And I think this where the role of the civil society and organizations such as ours, the faith based-organizations, becomes very important because if you have given somebody a responsibility by

way of electing them into specific offices or having been appointed by the people you put into power, they hold that power on behalf of every ordinary citizen.

Therefore, it is upon us to ensure and to hold them to account by ensuring that these policies that they have put in place and that they put to good use the funds that we pay informs of taxes.

Mostly, governments complain that they cannot implement because they lack the funds to do it but if you observe how the budgets are managed by different African governments, a lot of money is lot to corruption.

If we plug these loopholes and ensure that we lose as little revenue as possible and that a lot of the funds that we pay in taxes, that we channel these monies to proper use to the implementation of the goals and objectives that we set for ourselves as African countries but also as global goals, for example, through the sustainable development goals, that we are able to eradicate poverty, provide access to quality environment, healthy and clean environment for all our people, that is very important because it will reduce the cost, for example, in terms of healthcare burden.

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The Oracle Today Wednesday June 5 - 11, 2019

Anambra 2022: Is Bishop Ephraim Okechukwu Ikeakor an option?

Anambra people are already in electioneering mood, even, when Anambra State Governorship election is still over two years away. There is agitation that it shall go South of Anambra this time around, whereas some are saying it is now open for every zone in the state to contest.

Against all arguments, time shall tell why there is opposition to the zoning formula in the state. Is it really true that it has gone round and now, it is free for all zones to slug it out; whichever zone that wins should start the next rotation of zoning?

Some argued that Chief Chukwuemeka Ezeife, Dr Chinwoke Mbadnuju, Senator Andy Uba, Dame Virgy Etiaba have taken turns for the South; while Senator Chris Ngige and Chief Peter Obi have taken turns for Anambra Central and Governor Willie Obiano has taken the shot for Anambra North.

These periods no matter how one looks at it, they argued equals to two terms each or so.

The Rt. Revd.

Ephraim Okechukwu Ikeakor (JP) last week muted the idea of being given the chance to govern a state in Nigeria to showcase what true leadership is all about but warned that the wicked and saboteurs of the government will cry as so many people doing things with impunity will go to jail. He said state Governors have no need going cap in hands begging for Federal Allocation when God imbued each state with resources to be selfsufficient. He said if only wastages could be minimized by elected officials, things would be much better in Nigeria with workers’ salaries paid as at when due, rather than the outrageous arrears. He wept on the outrageous debt owed by states.

He was speaking ahead of this week’s Amichi Anglican diocesan 2nd session of the 4th synod starting from Wednesday 5th June through Sunday 9th of June 2019 at the Cathedral Church of St Andrews, Amichi, Nnewi South, Anambra state.

Theme of this year’s synod is ‘’Rediscovering and harnessing the ministry of the laity for holistic and effective Church growth’’, to be handled by a Professor of Engineering, former Vice Chancellor of UNN and former Minister for Power, Prof Chinedu Ositadimma Nebo and a Professor of Accountancy cum Evangelist par Excellence and a member of Governing Council of Unizik, Prof Emma Okoye.

Bishop Ikeakor had stressed the need for better synergy between the Clergy and Laity of the Church, lamenting situations clergymen see members of the laity as threats in the vineyard, even as he condemned the suppression of the lay ministry in the Church.

According to Ikeakor Lay ministry should be given all the support and encouragement to do exploits for Jesus Christ in His vineyard.

After listening to his erudition on how to make Nigeria work again, the Principal of Holy Child Convent, Amichi, Ijeoma Ndoeche took the Bishop unawares when she requested to know if it is not possible for the Bishop to take up the mantle of leadership by contesting election as a Governor of Anambra state since 2022 is at the corner, and the Archdeacon in charge of the Cathedral, who doubles as the Diocesan Communicator, Ven Chukwuemeka Chukwuebuka wanted to know if

In

CORNUCOPIA

By Odogwu Emeka Odogwu Telephone number: 08060750240

E-mail : odogwuchampionawka@yahoo.co.uk

•Bishop-Ikeakor and Governor Obiano there are laws inhibiting him as a Bishop from taking on the prodding from Ijeoma.

But, Bishop Ikeakor, however pointed out that, the ordinance laws governing his ordination as a priest and consecration as a Bishop is an inhibition, as he cannot serve two masters at a time unless he first resigns as a Bishop. They nearly asked him to resign to contest the 2022 election. They forgot Anambra is highly polarized in religious issues particularly between Anglicans and Roman Catholics.

Bishop Ikeakor insisted that with the prayers of Mama Amichi and President of Amichi Diocesan Mothers Union, his wife, Mrs Nkem Ikeakor that he can do exploits.

And truly, Amichi is a community but has been transformed by Bishop Ikeakor’s foresight and prudent usage of resources with the support of his wife’s prayers, the clergy and laity.

Bishop Ikeakor was born on 4th of May, 1966 in Port Harcourt, Rivers State. His Primary and Post-Primary education were at Primary School, Umuchu; and Boys’ Secondary School, Umuchu (now Umuchu High School), his home town. He studied Political Science and Library Science at then Anambra State University of Technology (ASUTECH), now Nnamdi Azikiwe University Awka.

He went for Master’s Degree in Education Administration at the same University among others.

He also attended Trinity Theological College, Umuahia graduating with Distinction in Theology and Religious Studies.

He was ordained a Priest in 1997 by Bishop the then Bishop of Enugu Diocese, Right Reverend Gideon

Otubelu, OFR. He had a rapid growth as he was preferred Canon in 1998; and an Archdeacon in 2000 by The Rt. Revd. Benson C. B. Onyeibor, the Bishop of Abakaliki Diocese.

He was elected the Bishop of Anglican Diocese of Amichi on 12th November, 2008; and consecrated on 11th of January, 2009.

Bishop Ikeakor is angry on the poor governance by Governors and other leaders at all levels, who are blind to the tenets of true democracy. He lamenting that Dubai that came to borrow money from Nigeria is now world’s destination point. He referenced Governor Peter Obi as a good leader for raising the bar in leadership with Anambra state and rather than borrow, he left N75B in the coffers of the state. He prays for genuine leaders to emerge and show the difference in the 20 years of Nigeria’s democracy.

As Nigeria celebrates 20 years of uninterrupted democracy what Bishop Ikeakor said during last year’s Synod remains relevant in what is happening in Nigeria of today. Bishop Ikeakor had said that Nigerian politicians are the greatest deceivers in the whole world, adding that since 1999, ‘’I am worried that if nothing is done and done urgently, this country will go into pre-medieval period again because we are completely consumer nation since 1999 till date. ‘’….I think we are practicing ‘Democrazy’. If we want to face reality, we must sit down. How can we run functional government without genuine democrats?

Forget about party affiliation, God has blessed this country with

intellectuals, forget who they are loyal to. Get these intellectuals together to work for the progress of the nation. ‘’The best brains in universities that are lecturing the world over are Nigerians. Go and check Nigeria professors in UK, Harvard, America, Russia, but here, the environment is too bad that they cannot operate here. ….Technologically, educationally, economically, socially, we are moving backward’’. ‘’A young lady said that she went to Ghana and that the boy that was brought to teach her computer programming was a 9 year old boy. It was a 3 year old Chinese boy that taught her programming and you must call them boss. But here in Nigeria, 30 years old people are sagging and frying their hairs, politicians are hiring young girls to come and dance naked when they come for political function.

Where are we heading to? We are in trouble and we must wake up. Are we not thieves and armed robbers in positions of authority? ‘’Airports where people use their hand to open and search in the name of security search. What are they searching? …..In abroad, no one touches your bag, the computer does that, unlike here in Nigeria. We are in trouble, this democracy day we are celebrating makes me angry, that is why I say you can agree or disagree with me.

Bishop Ikeakor is not hiding his disappointment with politicians as he said: ‘’Today, when synod is organized, politicians are given awards, but we know that they are killers. They rig elections and they are not Christ like in character. So, what award are you giving to them?

Rather than preach the gospel, we

massage the ego of politicians to enable them donate handsomely.

He emphatically stated that the fight against corruption in Nigeria under President Muhammadu Buhari is laughable, quoting Romans Chapter 12 vs 1-2 which reads thus: “I beseech you brethren by the mercies of God, that you present your bodies as living sacrifice, holy and acceptable which is your reasonable service and do not be conformed to this world but be you transformed by the renewing of your mind, it is only then that you can prove that you’’. ‘’What this implies is that no man that has not been renewed in mind by God that can meaningfully and feasibly fight corruption. The computer people will say, garbage in garbage out. Until God touches a heart of someone, there will be no peace. Which corruption in Nigeria is greater than marginalization and ethnic cleansing we are experiencing today in this country?

What is corruption? What is stealing? ‘’I came back from Bayelsa last two weeks and wept for that part of the country. What greater corruption is this that this people are producing this oil but they are living like 9th century human beings? Living in huts and shattered places, no network, no good food, no good schools and we are still talking about fighting corruption.

We can’t fight corruption without justice and equity, it is not possible.

Until we have renewed minds and allow God to renew over our lives, fighting corruption can only be a political slogan and malign in Nigeria and if you look at what is happening today, if you want to be free from corruption, join the ruling party and your corruption case will close. Join the ruling party and you become a saint, but if you fail, you become corrupt. We are not going anywhere until we face reality. ‘’In 2011 when I was reading my presidential address, I said something which a lot of people did not agree with me. I said it point black that Muslims are having serious plans from what Babaginda promised Organization of the Islamic Council (OIC) during his tenure, to what the current Buhari promised. I want to tell you that it is the current agenda that is ongoing and this killing is not stopping tomorrow, if not, the Muslims know that the only man that has the heart to kill and support killing without blinking his eyes is the President.

ThoughBishopIkeakorreferenced Hon Chris Azubuogu, Member Representing Nnewi North, Nnewi South and Ekwusigo in the Federal House of Representatives as the only true politician who returned to the National Assembly based on his good works, he was worried that good people don’t get the opportunities to serve. Is Bishop Ephraim Okechukwu Ikeakor an option in Anambra 2022? Not at all, because, all he wants is people with ideology and manifesto to turn things around for the citizenry.

He is available for advisory roles.

Where are these people? Anambra 2022 is close by and the drummers have already started moving to Umuchu ,Nnewi and Awka zone for PDP and APC candidates, whereas APGA drummers are at Isuofia, but considering Umuchukwu and Nnewi? Who is Anambra’s next Governor?

•Phone Number: 08060750240 E-mail :odogwuchampionawka@ yahoo.co.uk

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The Oracle Today Wednesday June 5 -11, 2019

Crime

Bandits better equipped than military, says Zamfara Gov.

Troops smash Katsina kidnap syndicate, arrest 5 suspects

attached to the 17 Brigade Tbinroops Nigerian Army, on Exercise ‘HarKunama 111,’ deployed at Faska-

Z

ri in Faskari Local Government Area of Katsina State, have conducted a successful cordon and search as well as raid operations at the Sheme village, Ruwan Godiya forest and surrounding localities.

A statement by the Acting Director, Army Public Relations, Col. Sagir Musa, said the operations resulted in the arrest of five kidnappers behind the Sheme village, along Ruwan-Godiya forest axis, adding further that at the moment patrols are ongoing in the neighbouring suspected bandits’ hideouts.

During preliminary investigation, the apprehended suspects confessed to have been involved in the recorded kidnapping incidents in Members of a kidnap syndicate arrested behind Sheme village, along Ruwan-Godiya forest axis in Katsina by troops attached the general area, as well as sending to the 17 Brigade Nigerian Army, on Exercise HARBIN KUNAMA 111, deployed at Faskari in Faskari Local Government Area of their victims to their ring leaders Katsina State that are based in the deep forest at Ruwan-Godiya.

Consequently, troops further exploited deep into Ruwan-Godiya Forest setting Bandits/Kidnappers hideouts on fire.

“Troops continued to dominate the area with patrols, to deny the bandits/kidnappers freedom of action. Members of the public are again enjoined to give credible information about suspicious move- Stories by VICTOR NZE ments of bandits and criminals to the nearest army or any other secuhe Inspector General of Police rity agencies for necessary action,” (IGP) Mohammed Adamu, has the statement read. ordered the immediate post- unqualified meritorious service to from 2016 to January, 2019.

He is expected to bring to bear ing of CP Ahmed Iliyasu to the Kano the Force and the nation at large.’

State Command as Commissioner CP Ahmed Iliyasu, who holds a his wide policing and law enforceMaster’s Degree in Business Admin- ment experience in managing the of Police in charge of the State.

The posting is with immediate ef- istration (MBA) from the Ambrose complex security challenges in the Ali University, Ekpoma, was until his beautiful and ancient city of Kano. fect.

Commenting, the Inspector GenA statement from Mr Frank Mba, recent deployment, the Force Provthe Force Public Relations Officer, ost Marshal, Force Headquarters, eral of Police, while wishing the outnambra State Police Command Force Headquarters, Abuja, said Ili- Abuja. going CP Wakili Mohammed a blisssaid on Wednesday it had discov- yasu replaces the CP Wakili Moham- He had also held command posi- ful retirement, enjoined the new CP ered a child-stealing kidnapper’s den med, who retired from the Force tion as the Commissioner of Police to up the ante in ensuring effective and arrested two female suspects May 26, this year ‘after 35 years of in charge of Ogun State Command policing of the state.

IGP orders Iliyasu to assume Kano Command

Police uncover kidnapers’ den in Anambra A

and rescued a victim.

The command’s Public Relations Officer (PPRO), Mr Haruna Mohammed, in a statement said that the suspects were arrested at about 06:30 am following intelligence report to Police detectives attached to the Command Special Anti-Robbery Squad (SARS).

The suspects are Ifeyinwa Ezename (50) and Caroline Mbonu (75).

The PPRO said that the suspects had in 2012 conspired with one David Nwachukwu now in prison custody and had stolen the seven-year old child from the biological mother one Azubuike Jennifer.

He said “the stolen child has been rescued and reunited with his parents”.

He also said that another eightyear-old child was equally rescued from the suspects as they could not give satisfactory account of how the victim came to be with them, adding that after investigations the suspects would be charged to court for prosecution.

The PPRO further said that on May 28, at about 10:22pm, operatives attached to Awada Division on Stop and Search at Ezeiweka road, Onitsha, by NEPA junction arrested one Stanley Ekegbobe (31) of Obosi in Anambra.

He added that the suspect was intercepted inside a “Keke’’ tricycle and on sighting the Police took to his heels but was overpowered and arrested. According to him, exhibits recovered from the suspect include one fabricated revolver pistol and one life ammunition.

T

…As Mohammed retires

amfara State Governor, Yari Abdulaziz Yari, has admitted that bandits terrorizing state are better equipped than the Nigerian military confronting them.

Yari who revealed this after a meeting with President Muhammadu Buhari in Abuja, Tuesday, also stressed that there would be no more negotiations with the bandits as, according to him, these dialogues have not brought any respite for the people.

“Well, I have told my people that negotiations will no longer take place during my time because I have done that three times but it did not work.

This is in the sense that we know their capacity.

“For instance, during the first dialogue, they invited some of our team, Army, DSS, Police and my Chief Security Officer, as well as some traditional rulers representatives and we have seen what they have.

“They are in control of the kind of weapons that the Command In Zamfara State does not have. In one armoury alone, they have over 500 AK47; we saw it. Our people were even given the chance to take pictures.

“But when we said we will dialogue, offer amnesty, that they should surrender their arms, I can tell you till date, we did not get up to 90 AK47.

So, it is a deceit. That is why I said no more dialogue during my tenure.

“During the dry season, they will look for dialogue because they know the security can get access to anywhere in the forest and they have no place to hide. But when the rainy season comes and the forest becomes thicker, they will return to their normal practice.

“That is why I said there has to be a show of force before anything else. I know that in any war, eventually, you have to come to the table and dialogue, but the situation we are right now, sincerely speaking, a dialogue is not needed at this point in time,” Yari said.

FCT Police nab 26 for robbery, cultism, others NDLEA official he Federal Capital Territory (FCT) she shared her experience with a ed with serious injury on his hand Tsuspects Police Command has arrested 26 Good Samaritan who took her in his the same day.” kiled in Lafia He said effort was being intensiover their alleged involve- car and trailed the suspects to 3rd ment in armed and one chance rob- Avenue in Gwarimpa, where some fied to arrest other members of the T bery, cultism, drug peddling as well policemen on duty in the area were gang who are currently at large. as destruction of police and FRSC observation posts at Zuba.

Parading the suspects before journalists at the command headquarters, Deputy Commissioner of Police in charge of Operations, DCP Usman Umar, said the arrests was a result of the proactive security measures put in place by the FCT Police Command to beef up security and fight crime in the territory.

According to him, two suspected ‘one chance’ robbers, Chinedu Onyeama, 36; and Chibiuke Ojiribe, 30; were arrested on May 23, 2019, at about 11:40hrs by police operatives from Gwarimpa Division, acting on tip off.

He said the suspects are members of a notorious ‘one chance’ robbery syndicate who operate around Kubwa Express Way and Gwarimpa axis.

“The suspects picked their female victim from Dutse Alhaji as a passenger en-route AYA, but mid-way the victim requested to alight from the cab following the suspicious activities of one of the suspects, Chibiuke Ojiribe, who brought out one US dollar note to pay for his supposed transport fare.

“After she successfully alighted,

alerted.

“Upon receipt of the information, the police operatives immediately swung into action and arrested the suspects in their green colour Mazda 323 with registration number KWL 188 NU,” Umar said.

The police boss said exhibits recovered from the suspects include: palm fronts, old clothes, gun powder, leather carpet and a cartoon, adding that investigation is on-going.

Similarly, three suspected cultists: Samuel David, 19; Kefas Audu, 19; and Saad Saleh, 20; all of Jikwoyi, Phase 1, were arrested for attacking one Victor Emenike with dangerous weapons.

DCP Umar said: “On April 22, 2019, at about 21:00hrs acting on tip off, Police operatives arrested the suspects, who attacked one Victor Emenike with dangerous weapons and also chopped-off their victim’s hand.

“The suspects, who are members of the Junior Vikings Confraternity (JVC), noted in their statements that the Attack, which happened on April 22, at about 20:00hrs was to retaliate for a member of their gang who was attacked and inflict-

Similarly, on April 22, police operatives from Mabushi Division, following a tip-off, arrested one Anthony Chukwuma, 23; and Richard Bassey, 23; all of Jahi 1, suspected to be members of JVC. The police boss said the suspects, who have been terrorising residents of Jahi and its environs, have been on the police wanted list for their involvement in cultism and other criminal activities.

The command also arrested a suspected drug peddler, Daniel Obi, 36; of Jikwoyi, Phase 1, for being in possession of 40 wraps of dried leaves suspected to be marijuana, on May 6, 2019.

He said the suspect would be arraigned in court upon the conclusion of investigation.

Similarly, eight suspects have been arrested following investigation into the destruction of Police and FRSC observation posts by some hoodlums at Zuba on May 23.

The suspects include: Masaudu Abdulkarim, 28; Muktari Musa, 30; Abdulrahaman Lawali, 23; Sani Sulweiman, 20; Nasiru Alhassan, 20; Abdulkadir Sanusi, 20; Shuaibu Iliyasu, 25; and Abdulmajid Ibrahim, 26.

he Police Command in Nasarawa State has confirmed the killing of Mr Dennis Onoja, an official of the National Drugs Law Enforcement Agency (NDLEA) by unknown persons in Lafia.

ASP Usman Samaila, the Police Public Relations Officer (PPRO) in the state, who confirmed the incident Thursday in Lafia, the state capital, said it happened in the early hours of Wednesday at the deceased residence in Tudun-Kauri axis of Lafia metropolis.

According to him, it was raining at the time of the incident while the victim’s power generating set was on and the noise made it impossible for his neighbours to know what was happening.

He said that one of the neighbours went to charge the battery of his mobile phone in the victim’s apartment when he saw his lifeless body in his room.The command’s spokesman said the neighbor had knocked on the door repeatedly without any response.

“The neighbour decided to peep through the window and saw the victim in a pool of his own blood. He alerted the victim’s colleagues who came to the scene and reported the incident to the police,” Samaila said.

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The Oracle Today Wednesday June 5 – 11, 2019

SPORTS Dalung gives account of stewardship

By MADUABUCHI KALU

I

mmediate past Honourable Minister of Sports and Youth Development, Barrister Solomon Dalung has tendered his scorecard saying he takes pride of doing certain things despite the situation he found himself.

According to him he had three important things that he achieved as the man who oversees the sports industry in the country the last four years. Dalung said he took pride in reviving the national Youth Games which was in doldrums by the time he assume office as Sports Minister and today the National Youth Games is back through which talents are discovered and their talents horned for national glory.

Speaking further, the Plateau State-born lawyer turned Politician disclosed that he was able to ensure that the National Sports Festival held after more than four years it was in the come. And lastly, he revealed that he is most honoured and satisfied that he was able to revive the National Stadium Swimming Pool Complex in Lagos after more than twenty years of abandonment.

He said the three things are what some of the things that he achieved while in office that he should be remembered for saying for the National Stadium Swimming Pool, he feels happy that it has become a beehive of activities as Nigerians and swimmers make use of the facility.

“The high point of my stewardship as sports Minister will be measured by the revival of some of the sporting traditions that were abandoned for a very long time. And even some of the infrastructure.

“The Olympic Swimming pool in Lagos would

•Solomon Dalung remain very dear to me because when I assumed office it has been abandoned for over twenty years, today it has been put to use.

“The national Youth Games, when I came on board it has been abandoned for about three years, today the National Youth Games is a phenomenon a sporting phenomenon that has contributed positively in the building of talents and defining our image.

“I will not also forget the National Sports Festival (NSF) which at a point in time, it does appear to the Permanent Secretary that we will not be able to realize our ambition of hosting it but by share determination and conviction I told him lets push on. I told him that I would want posterity to remember me that this is where I die fighting than for it to be recorded that this is where I abandoned the struggle,” Dalung declared.

Gusau debunked his purported suspension ... Says ‘there is rancour on the way we chose the technical director’

By MADUABUCHI KALU

T

he President of the Athletics Federation of Nigeria (AFN), Ibrahim Gusau has debunked his purported suspension by the board of the Federation saying there may be internal rancor in the Federation following the way they chose the Technical Director may have really caused rancor saying that some were aggrieved that they were not chosen for the plumb job.

Of course Mr. Sunday Adeleye is the man who was chosen as the Technical Director of the AFN and for most elite athletes, they said he was not the best athletes of his time and not one of most success and of course he is the one who is leading the AFN in terms of technical matters currently and he says all of these are the reason there is rancor here and there as far as athletes in Nigeria is concerned.

In his words: “We have our internal fighting. When I became the AFN President by popular votes, of course you recalled that I had 48 votes against 2 that contested against me. I had a problem with appointing committees, I had a big problem.

“One of the very good committees was the Technical Director post which is mostly like the engine room of the Federation. Believe you me, it is not hidden secret. The current Technical Director was not my first choice but my first choice made some errors and I felt in leadership, you look at different parameters to a leader.

“A leader does not have to be a nice person but if he is a good leader, he leads well.

“So, I had about five to six people out of 13 who wanted to be technical director. Six out of 13, if I give one you think that the other five will be happy with me? I leave you that question.”

It is recalled that just last week some board members of the Athletics Federation of Nigeria (AFN) announced that they have impeached their president, Ibrahim Gusau for his alleged role in the missing $135,000 mistakenly credited to the AFN last year by the International Association of Athletics Federation (IAAF).

They explained that his alleged impeachment was to enable them have hitch-free investigation on how the mistaken IAAF $135,000 credited to Federation developed wings without trace.

It is also noted that the immediate past Minister of

Sports Hon. Solomon Dalung who summoned a meeting of the board of the AFN about three weeks ago, later told the country that the international athletics body was blackmailing the country because according to him, the money was send for golden relay and it was used for that he disclosed.

In the words of Dalung on the matter before he exited office: “I think Nigeria has been unfairly treated because the issue has been painted and promoted as if there was any wrongdoing on the part of Nigeria,” Mr Dalung said.

“Certainly not, grants were released to Nigeria on the 17th of May 2017. IAAF on the 19th confirmed the transaction; those from IAAF after two months turned round and cried foul that it was a mistake.

“I smell rat in the whole thing and I believe that the whole thing has been orchestrated in an attempt to blackmail Nigeria,” the minister told journalists at Saturday’s race.

He continued: “Even when we went into it, we were not even convinced what the mistake was, is it a mistake of Nigeria or that of IAAF? “When did they realise they made a mistake when the transaction was confirmed? I made a mistake in transferring money… I realised within 10 minutes and I called my bank and I retrieved the money. Why did it take IAAF two months to realise a mistake? An international organization highly reputable?

“I think it is not about money erroneously credited to Nigeria, but there is a calculated attempt just to diminish and destroy Nigerian athletics, otherwise, I don’t see why they call it a mistake. We didn’t apply for a grant.”

•Ibrahim Gusau

Hearn reacts to Wilder’s tweet on Joshua’s loss to Ruiz Jr.

By MADUABUCHI KALU with agency report

A

nthony Joshua’s promoter, Eddie Hearn was triggered in response to a Tweet by WBC heavyweight champion, Deontay Wilder on Saturday night in which he gloated at AJ’s seventh round knockout loss to Andy Ruiz Jr. (33-1, 22 KOs) at Madison Square Garden in New York. Hearn said that Wilder has “zero class” and that he hopes Ruiz Jr. beats him if he gets passed Joshua in their rematch later this year.

Wilder happily pointed out that former IBF/WBA/WBO heavyweight champion Joshua (22-1, 21 KOs) “QUIT” in the seventh round after he was knocked down twice by Ruiz with heavy shots. Hearn didn’t argue that fact, because it’s pretty obvious that’s what the case was. Joshua spit out his mouthpiece after he was dropped for the second time in the seventh round, and the fourth time in the fight.

Joshua hung both arms against the ropes, and didn’t show much interest when the referee asked him if he wanted to continue fighting.

It sure looked like Joshua quit against Ruiz, which is fine. Why continue fighting if you’ve got no chance of winning, and you’re about to get poleaxed by the blinding fast Ruiz?

However, you can understand where Wilder is coming from in saying that Joshua quit. Wilder is the type of guy that believes fighters should go out on their shield like warriors from the past. Watching Joshua seemingly quit against Ruiz in round 7 was off putting to Wilder.

“I saw Wilder’s tweet. It is what it is. I don’t think he’s at the top of the list in terms of class, but we’ll get him,” said Hearn to Behind the Gloves in talking about Wilder gloating about Joshua’s loss to Ruiz.

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The Oracle Today Wednesday June 5 – 11, 2019

SPORTS Djokovic reaches 10th successive French Open quarter-final

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op seed, Novak Djokovic’s untroubled progress continued at the French Open as he chalked up a fourth successive straight-sets victory on Monday, this time outclassing Jan-Lennard Struff to reach the quarter-finals.

His 6-3 6-2 6-2 defeat of the 45th-ranked German means Djokovic is the first man to reach 10 successive quarter-finals at Roland Garros — a feat even Rafael Nadal has not achieved.

Struff was bidding to reach his •Amaju Melvin Pinnick first Grand Slam quarter-final and provided some early resistance in drizzly conditions on Court Philippe Chatrier.

Djokovic had an early chance to break in the second game, but Struff won a fierce baseline rally to avert the danger.

It felt like only a matter of time The Oracle Today Sports

NFF in shock over non submission of 2019 AFCON budget

By MADUABUCHI KALU

T

his is not the best of times for the Amaju Melvin Pinnick led board of the Nigeria Football Federation (NFF) as the Federation sweat over non submission of its 2019 Africa Cup of Nations (AFCON) budget by the Sports Ministry.

Just 18 days to the commencement of the 2019 Africa Cup of Nations (AFCON), competition in Egypt, the country’s football governing body, the Nigeria Football Federation (NFF) shocked Nigerians at the weekend by disclosing that they have discovered that their budget for the 2019 AFCON was not submitted by the supervising ministry, the Sports and Youth Development Ministry.

There is no gaining saying that there is no love lost between the Amaju Melvin Pinnick led board of the Nigeria Football Federation

(NFF) and the immediate past Minister of Sports and Youth Development, Hon. Solomon Dalung.

They just discovered that the budget for the 2019 Africa Cup of Nations was excluded by Federal Ministry of Sports and Youth Development for appropriation by the Federal government.

Of course it is an open secret that there has been a serious trouble between the NFF leadership and the immediate past Sports Minister Hon. Solomon Dalung who has been fingered as the one who allegedly dropped the budget for the AFCON and other sundry competitions this year for what the Ministry submitted to the Federal Government.

However, no reason has been given for his action even as his beef with the leadership of the NFF remains an open secret.

gathered that the NFF submitted its budget three times to the immediate past Minister of Sports and Youth Development, Solomon Dalung.

It is therefore, surprising that it was not included in the envelope of the Ministry to the Federal Government.

It is quite unbelievable. This is a big problem not only for the NFF but the entire country since there is no way the NFF could carry out their programmes without the financial backing of the Federal Government.

The image of the country is at stake here and we believe that if it is true that it was the immediate past Minister of Sports and Youth Development that removed the NFF budget as alleged, there is need for the government to sanction him seriously in order to avoid a repeat of this embarrassing situation in the near future.

By MADUABUCHI KALU

T

he Nigerian national female football team, Super Falcons, departed their Avita Resort in Bad Tatzmannsdorf camp in Austria yesterday (Tuesday) for France for the 8th FIFA Women’s World Cup finals.

This much was made public by no other person than the Director of Communication of the Nigeria Football Federation (NFF) Demola Olajire, via a statement on Monday that the team were on a two-week residential camp in Austria.

“The team were on a two-week residential camp at the Avita Resort in Bad Tatzmannsdorf and will spend Monday night in Vienna before flying to Paris on Tuesday for the 8th FIFA Women’s World Cup finals.

“The team are in high spirits in camp after handsome wins in two friendly matches against top clubs in Eastern Europe; the team defeated the Hungarian Premier Division side, Halandas Viktoria 5-1 in Hungary and recorded three goals against ZNK Pormuje in Slovenia,’’ Olajire said.

Olajire disclosed that individual accomplishments are also a booster for the team.

“Asisat Oshoala, who scored a brace in each of the friendly matches, has secured a substantive contract with FC Barcelona Ladies in Spain.

Falcons storm France yesterday for 8th Women’s World Cup

“Only weeks ago, she became the first African to score in the final of the UEFA Women’s League, even as FC Barcelona lost to defending champions Olympique Lyon in France.

“Uchenna Kalu, who scored the other goal against Pormuje on Sunday, is in a rich vein of form, after scoring nine goals to emerge top scorer of the WAFU Women’s Cup of Nations in Abidjan, just before the trip to Austria.

“There is a new bounce to the

steps of power forward Desire Oparanozie, who has been made captain of the squad, and energetic winger Francisca Ordega is rearing to go after fully settling down to football life in China.

“Petite forward Rasheedat Ajibade will be attending her first major finals as a foreign-based professional, and Chinwendu Ihezuo, who scored against Viktoria in Hungary, is also in great mood after settling down in China.”

before Djokovic moved up a gear though, and in the seventh game he brought up two more break points with a stunning backhand passing shot.

He duly converted with a smash after softening up Struff with a series of punishing groundstrokes into the corners.

After holding serve to take the opening set, Djokovic rolled through the next two in cruise control, making only 11 unforced errors in the one hour 33 minute workout.

He will face either Italian Fabio Fognini or German’s Alexander Zverev in the quarter-final.

Djokovic is bidding to become only the second man to hold all four Grand Slams simultaneously twice, having first achieved the feat three years ago when he won his only French Open title.

Semenya

cleared to compete by Swiss Court

C

aster Semenya will not need to take testosteronereducing medication after a Swiss court temporarily suspended a new IAAF ruling, her legal team says.

The Olympic 800m champion, 28, last month lost her challenge to the Court of Arbitration for Sport (CAS) against the implementation of a restriction on testosterone levels in female runners.

The ruling would have affected women competing from 400m to the mile.

“I hope following my appeal I will once again be able to run free,” she said.

“I am thankful to the Swiss judges for this decision.”

Following the decision by CAS, the South African took her appeal

to the Federal Supreme Court of Switzerland, citing the need to defend “fundamental human rights”.

Her legal representative, Dr. Dorothee Schramm said: “The court has granted welcome temporary protection to Caster Semenya.

“This is an important case that will have fundamental implications for the human rights of female athletes.”

In its initial judgment, CAs found that the new rules proposed by the IAAF - athletics’ world governing body - for athletes with differences of sexual development (DSD) were discriminatory, but concluded that the discrimination was “necessary, reasonable and proportionate” to protect “the integrity of female athletics”.

‘Woodward has zero understanding of football!’

–Van Gaal

F

ormer Manchester United manager Louis van Gaal has slammed the club’s appointment of Ed Woodward, claiming the Red Devils’ executive vice-chairman has “zero understanding of football”.

The Glazer family brought a divisive figure on board at Old Trafford when completing a bigmoney takeover in 2005.

He has risen through the ranks and took on his current role in 2012.

Questions have been asked of him on a regular basis over the course of the last seven years, with United having endured a humbling fall from grace since Sir Alex Ferguson headed into retirement.

Van Gaal is among those to

have been charged with the task of trying to deliver a reversal in fortune .

He lasted just two seasons in the dugout and believes part of the reason he struggled to convince in English football is because United have the wrong management structure in place.

The former Ajax, Bayern Munich, Barcelona and Netherlands boss told 11 Freunde : “At Bayern, the people in charge are football men.

I always appreciated that.

“At Manchester United, on the other hand, Ed Woodward was installed as CEO - somebody with zero understanding of football who was previously an investment banker.

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The Oracle Today Wednesday June 5 – 11, 2019

SPORTS

NBBF invites 8 players to camp for 3×3 African Beach Games

AFCON 2019: Pascal assures of T an enthusiastic Super Eagles

By MADUABUCHI KALU

P

atrick Pascal, the Super Eagles camp coordinator, has assured Nigerians that they can look forward to an enthusiastic team following the opening of the team’s camp in Asaba for the fast approaching 2019 Africa cup of nations in Egypt.

Pascal stated this while fielding question on brila. net. He said the Eagles are made up of players who are ready to learn and are young with ambition and a demonstration of determination to do well.

He explained that Nigerians can be rest assured of quality representation at the AFCON proper.

“We have to believe in ourselves, the most important thing is that we have players that are ready to work, that are disciplined, a very young team, future team and they were doing very well for their team.

“Our team all what we are focusing is just for us to go and do well to represent well at the AFCON.” Meanwhile, the Eagles’ team camp opened on Sunday at the Stephen Keshi Stadium Asaba, Delta State on Sunday.

The Gernot Rohr’s charges had two training sessions on Monday, morning and evening. It is recalled

that Eagles’ captain, John Obi Mikel was one of the early arrival as he led other invited players to storm Asaba on Sunday while leading the two training sessions.

Reacting to the early arrival of his captain to the camp means, Rohr said Mikel’s early arrival meant he is very committed to do well and to lead the team to the 2019 AFCON in Egypt.

“Mikel has at all times been a professional and the fact that he arrived here early means that he is very committed to do well and to lead us,” Rohr was quoted

by Allnigeriasoccer as saying.

“We expect 25 players here but some of them cannot come in today because they had games– like Ighalo came yesterday from China — Alex Iwobi is also being expected.

“So, the team will be complete in two days but already 18 players have arrived here in Asaba.

“Training will start immediately today to get our players ready.”

Mikel Obi, who last played for his country at last year’s World Cup in Russia, is currently without a club after Middlesbrough released him but he hopeful of getting a club before the 2019/2020 season which starts in August.

German minister rules out 2036 Olympic bid

G

ermany’s interior minister Horst Seehofer has ruled out a bid to host the 2036 Olympics, saying in an interview published on Monday that it would be “unthinkable” on the 100th anniversary of the 1936 Games in Berlin.

Held three years before the outbreak of the Second World War, the 1936 games are widely remembered as a propaganda coup for Adolf Hitler’s Nazi regime.

In March this year, Berlin’s state minister of the interior Andreas Geisel faced heavy criticism after he appeared to suggest Berlin should bid for the 2036 Olympics in an interview with Tagesspiegel newspaper.

However, the 69-year-old Seehofer, whose ministry also holds the sports portfolio, said Germany could not be seen to celebrate the centenary of the Nazi-era Berlin Olympics.

“It would be unthinkable. If we did that, we would bring on an unspeakable international discussion and harm the Olympic idea,” he told Frankfurt-based newspaper Frankfurter Allgemeine Zeitung (FAZ).

“How would people see it across the world?

Germany celebrating the 100-year anniversary of the Nazi Olympics? That cannot happen.”

Aside from concerns over associations with the Nazi regime, there is scant public support for hosting the Olympics in Germany.

Public referendums, in 2015 and 2013, rejected proposed Olympic bids to host the summer games in Hamburg and a winter edition in Munich respectively.

Seehofer said that he was generally in favour of a German Olympic bid, but voiced concern that the International Olympic Committee (IOC) had become too focused on commercial success.

“In the eyes of the public, the IOC has wandered too far from its original idea and into commercialism,” he told the FAZ. He called on the IOC to “de-commercialise” and said he had “a lot of sympathy” for the German Athletes’ Commission, which last year demanded that the IOC share a quarter of its profits with Olympic participants. •Zvonimir Boban

he Nigerian Women’s 3×3 Basketball team have begun camping in Abuja for the 1st Africa Beach Games (ABG) in Sal, Cape Verde, from June 18, 2019.

The Oracle Today Sports reports that the head coach of the team, Acha Chris, invited the eight players to camp on May 30 for the championship.

Mr. Afolabi Oni, the Nigeria Basketball Federation (NBBF) spokesman, made this known in a statement he issued on Monday.

Oni said that the team consists of a member of D’Tigress World Cup record breaking team, Akaraiwe Nkem Uwa (First Bank) alongside Anaswem Josette (Customs) and teenage sensation, Okoro Ifunanya (First Bank).

Others are; Mac Dangosu, Musa Murjanat (GT 2000), Dang Lina Ubol (Plateau Rocks), Gloria Umeh (Plateau Rocks) and Iornumbe Regina (First Bank).

He said that four of the eight players would be selected at the end of the camping to represent the country at the games.

Oni said the competition would serve as qualifiers for the World Beach Games in San Diego, California, USA, later this year.

The spokesman said that the team, camped at Agura Hotel in Abuja, would train twice daily.

“The head coach hopes to get the players in shape on time for the first ever edition of the Africa Beach Games,” he said.

Oni said that in line with the Federal Ministry of Youth and Sports roster, the 3×3 D’Tigress team would depart for Sal on June 16.

Boban kicks against stadium closures for racism

F

ormer Croatia international Zvonimir Boban says he is against football matches being suspended if players are racially abused by a small number of fans, days before England play for the first time since their black players were targeted by Montenegro supporters.

England takes on the Netherlands in the Nations League semi-final on Thursday three months after a 5-1 Euro 2020 qualifying win in Podgorica that was overshadowed by monkey chanting from some home supporters, which sparked a call from Manchester City striker Raheem Sterling for stadium closures in the event of racist abuse.

But in an interview with AFP, FIFA Deputy Secretary General Boban said he does not believe suspending matches for abuse dished out by a small number of spectators is the right move.

“If 25 per cent of the stadium have a really discriminatory behaviour, yes … but if for five people, for three guys, we have to stop the game and empty the stadium, I’m not in favour, I’m in favour of these people being put in jail,” Boban said.

“Why should we be defeated by few idiots? Now because of three drunk fascists, we should stop the game? They should be taken out (of the stadium), then prosecuted immediately.

“But we need help from authorities; FIFA doesn’t control the police.”

Montenegro will have to play their Euro 2020 qualifier against Kosovo on June 7 behind closed doors after being hit in April with a one-match stadium ban, which they had unsuccessfully appealed despite the furore surrounding the abuse.

38

The Oracle Today Wednesday June 5 – 11, 2019

Love and Living

...With Ireto Temofeh

MODEL OF THE WEEK

LOVE NEWS

Revealed: The biggest MYTH about the clitoris and why the CAT position is the best for female orgasms

W

hen you think of sex education classes, you might remember a sheepish-looking teacher, lots of awkward giggles and something about a condom and a banana.

What you might not remember is lots of the facts about genitalia and their functions - which is something two women are out to change.

Medical academics, Dr Nina Brochmann and Ellen Støkken Dahl, are the co-authors of the bestselling book, The Wonder Down Under - which arrives in Australia this month.

The Wonder Down Under aims to explain everything you ever wanted to know about the vagina but didn’t dare ask, from the truth about the clitoris’ inner life to whether the elusive G spot really exists.

‘One new hypothesis is that the G-spot is not a separate physical thing at all, but simply a deep-lying inner part of the clitoris that’s stimulated during sex,’ Dr Nina and Ellen wrote for FEMAIL earlier this month.

‘Hold on, you might say. The inner part of the clitoris? What inner part? And this brings us to perhaps the biggest myth we discovered in our research,’ they continued.

‘We’ve been brought up to believe the clitoris, the site of all female sexual pleasure, is roughly the size of a raisin.

‘But the truth is this little button is just the tip of an iceberg, a small part of a large and extraordinarily sensitive organ that extends deep into a woman’s pelvis.’

It’s not just the G spot that’s exposed, either. Dailymail

Name: Beauty Tel: +2348189549698 • If you want to be our next ORACLE GIRL, e-mail or forward your photos/data to ireto007@yahoo.com. Call 07031028714.

ODD NEWS

Heart attack threat ‘up 40% after an infection’

P

atients who suffer common infections have a much greater risk of having a heart attack or stroke in the years to come, a major study has found.

The findings suggest hundreds of thousands should be given statins or other heart pills if they

suffer a chest infection or bladder problem.

A project tracking 1.2million patients found those admitted to hospital for pneumonia or urinary tract infections were 40 per cent more likely to have a heart attack within eight years. They were also 150 per cent more likely to suffer a stroke.

This suggests infections have an even greater impact on heart health than obesity, which raises the risk of strokes and heart attacks by about 25 per cent.

The research team, from Aston Medical School in Birmingham and the University of Cambridge, believe this is because infections cause long-term inflammation in blood vessels – making them more prone to clotting and clogging.

Patients who suffer an infection should be treated in the same way as someone with high blood pressure, raised cholesterol or diabetes, the researchers said. This could involve prescribing statins or aspirin as a preventive measure to

cut the risk to their heart.

Nearly 600,000 people are admitted to hospital with chest infections such as pneumonia in England every year. About 300,000 are admitted with urinary infections.

The study, which will be presented today at the American College of Cardiology conference in Orlando, also found that those who had had infections were more likely to die if they did suffer a heart attack or stroke.

They were three times more likely to die from a heart attack than those who had not had infections, and almost twice as likely to die if they had a stroke.

Cardiologist Dr Rahul Potluri, of Aston University, said: ‘Our figures suggest that those who are admitted to hospital with a respiratory or urinary tract infection are 40 per cent more likely to suffer a subsequent heart attack, and 2.5 times more likely to have a stroke, than patients who have had no such infection –

and are considerably less likely to survive from these conditions.’

Experts have shown greater interest in the role of inflammation in heart disease after a study last year found that treating patients with anti-inflammatory canakinumab could cut their risk of having a heart attack by 24 per cent. Doctors say this drug – not yet available for heart patients – could represent the biggest breakthrough in cardiovascular medicine since statins were developed 30 years ago.

Dr Potluri said: ‘Infection appears to confer as much, if not more, of a risk for future heart disease and stroke as very well established risk factors such as high blood pressure and diabetes.

‘Although inflammation has

Romantic Joke Stolen Credit Card Q: Why didn’t the man report his stolen credit card?

A: The thief was spending less than his wife.

been linked to atherosclerosis [when plaque builds up in arteries], this is the largest study to show that common infection is such a significant risk factor.’

Lead author Dr Paul Carter, an academic clinical fellow at the University of Cambridge, said: ‘The data illustrate a clear association between infections and lifethreatening heart conditions and strokes – and the figures are too huge to ignore.

‘Serious infections are amongst the biggest causes of death in the UK directly, but our research shows infections that are severe enough to lead to hospitalisation may present a delayed risk in the form of atherosclerotic diseases.

Dailymail

39

The Oracle Today Wednesday June 5 – 11, 2019

True Confession

I

don’t want to disclose my name so that people who are close to me won’t be able to detect my identity. All I can say is that I’m married to a former prostitute whom I met in Benin. But I did it for love.

I grew up in Lagos and after I graduated from YabaPoly in the 90s, life was very hard for me. I walked about looking for a job all over Lagos until my feet were sore.

I submitted so many job applications to many different companies and banks that I lost count.

Sometimes I would write an aptitude test and pass, but still I wouldn’t get the job. I would be invited for an interview, but somehow, something always went wrong along the way to prevent me from getting the job that I badly needed to help my family and keep body and soul together.

After three years of searching for a job in Lagos in vain, I was invited for an interview by a company based in Benin City.

“

Prostitutes are the best wives to have because they have seen the world, so when they decide to change, they change permanently.

One of their officers had already assured me that they were going to offer me the job. The man had even collected some money from me as a bribe.

So, I travelled to Benin City with the little money I could borrow from friends with the expectation that when I resumed work at the company, I would repay the money. But to my greatest shock, I traveled to Benin City and was turned down by the company.

After that incident, I made up my mind to commit suicide. But I didn’t know which method I should use to kill myself.

So I sat at a bus stop weeping from

‘I’m in love with a prostitute’ 7pm to 10pm. It was while I was crying and thinking of my life that a girl walked up to me and asked what the matter was.

I poured out my story to her amidst tears. And she asked me whether I had a place to sleep in Benin that night.

I told her that I had nowhere to sleep and had no money to return to Lagos because I had placed all my hope in the man who had promised me the job.

She comforted me and invited me to sleep in her place that night.

Esther took me to her room in a brothel and we slept there together that night.

Before we slept, she told me her own pathetic story of how she was forced into prostitution because her parents died when she was five years old and her extended family members abandoned her and her siblings.

I took pity on her too, and realized that I wasn’t the only one who had serious problems in the world.

That was how I fell in love with her.

From that moment, I and Esther started our friendship and promised to stand by each other forever.

We got married five years ago, and I must confess that she is really a good and faithful wife. I now know that when

people say that a prostitute can never change, it is not true.

Prostitutes are the best wives to have because they have seen the world, so when they decide to change, they change permanently.

That is why my wife always tells women that there is no amount of money she hasn’t seen before, which a man would now give her to make her unfaithful to me.

Do you have a story or comment about this confession? Call 07031028714.

WEDNESDAY June 5 - 11, 2019

The

www.oraclenews.ng

T

he New Telegraph newspaper report of Monday, June 3, 2019, putting the total debt portfolio of Imo State at N98.7bn, is misleading. The debt profile of Imo State is no breaking news to anyone from the state. It dominated the political discourse during the campaign period. It was one of the points on which all the governorship candidates agreed. There was a consensus that the state was terribly in debt. Then, it was pegged at about N350bn.

Former Governor Ikedi Ohakim had in January 2019 pegged the total domestic debt profile of the state at N350bn.

He disclosed that the N350 billion debts hanging on the neck of the state was made up of borrowings and debts owed to contractors, pensioners, civil servants and judgement debts. He warned that “the huge debt profile will become a bigger monster to the development of the state if an experienced person is not elected governor in 2019”.

“A neophyte will not be able to handle such intricate economic matter”, he noted. Imo people are therefore lucky that they elected capable and vastly experienced hands as Governor and Deputy Governor, and therefore not in doubt that the economic quagmire of the state will be holistically addressed.

Despite the revelations of the over N350bn debt hanging on the state which former Governor Owelle Rochas Okorocha bequeathed to his successor, the New Telegraph report of Monday, which was obviously quoting figures from the Debt Management Office (DMO) pegging the domestic profile of the state at N98bn is at best unreliable.

Imo State has a staggering history of both local and domestic debts. According to the DMO, the external debt of Imo State as at 2010 was $49,768,367. This got up slightly in 2011 to $50,277,216. In 2012, it went up high to $51,973,693 and in 2013 the figure was $52,712,924. In 2014, this figure went up to $52,949,586, while in 2015 it soared to $59,163,843 ostensibly for funding the 2015 elections. In 2016 the onward journey of the external debt continued to rise to $60,217,190. By December 31, 2017, this figure had risen to $62,848,234. This figure translates to about N20bn as at 2017. The figure up to 2018 is not ready available, even though this period of four years forms crucial part of the borrowings.

On the domestic scene, the debt profile of the state in 2011 according to the DMO was N25,419,400,000. This figure decreased to N16,700,730,000.

It decreased further in 2013 to N12,633,534,790. This decrease did not last long as the domestic debt profile shut up again to N28,946,448,914 in 2014, exceeding the debt profile as at December 2011 by over N3bn, about N12bn higher than that of the previous year and about N16bn higher than as at 2012. If the 2014 domestic debt profile was troubling, that of the 2015 was heart rending as it stood at N71,743,513,593. This went up to N93,267,764,679. As at December 2018, the DMO says that the domestic debt of Imo State has jumped to N98,782,494,271.

The DMO is not statutorily mandated to look into the internal running of the states, such as whether the states

40

racle Today

VOX POPULI SACRUM

ISSN: 2545-5869

Imo debt burden: Need for an audit COLLINS

UGHALAA

•Okorocha

owe their pensioners, civil servants and contractors, or whether the states incur judgement debt or not. But these regrettably form subheads in the debt profile of the state because these are actual contractual obligations the state entered into. Therefore, while we cannot throw away the DMO’s tabulation of the debt profile of Imo State at as December 2018 at N98,782,494,271, it is so unreliable that no meaningful economic planning can be based on it.

To get the actual debt profile of the state we must add the about N152bn judgment debt, N57bn owed pensioners, the debts owed contractors and civil servants. These figures will sum to up to over N350bn. It is simple arithmetic: 98bn+20bn+57bn+152bn will equal to N327bn. Add undisclosed debts owed contractors and

•Ihedioha

deductions made on pensions and salaries of civil servants, what you get will not be less than N350bn.

It is therefore shameful that in the midst of this life threatening debt figures the immediate past government of Owelle Rochas Okorocha had the temerity to even claim it was owing no banks and never borrowed a dime from any bank. However, since leaving office on May 29, Imo people and Nigerians at large have been treated to the absurdities that transpired under the Okorocha administration. We have seen Okorocha’s underbellies. Now we know that the taste of the bitter kola is not same with its sound in the mouth.

Since Governor Emeka Ihedioha assumed duty on May 29 after taking his oath of office alongside his Deputy, Hon Hon (Engr.) Gerald Irona, there has been

widespread news that the former Governor, Owelle Rochas Okorocha, not only did not hand over to his successor but that the government was left a shadow of its self. The rot seen in the government house might be a pointer to how the government was run under Governor Okorocha. No one can smile over the news that even generators, kitchen utensils and books were carted away from the government house. This unprecedented recklessness must not be left unchecked.

If the state was pillaged with such reckless abandon, who knows how much of the state resources have been frittered away?

During his inaugural speech on May 29, Governor Ihedioha assured the people of the state that his government “shall enthrone appropriate Due Process mechanism as a cardinal administrative tool of our government in order to achieve value for money and ensure fairness, transparency and competitiveness in the running of government business.

To this end, we shall revive and revitalize the Bureau of Public Procurement (BPP) in the State and strengthen enabling laws on the subject” The Governor had also noted that “In the light of recent revelations by interest groups, various institutions and agencies of state, many have asked what becomes of those who recklessly plundered our commonwealth. My answer is simple: They will be held accountable. While this administration will be forward looking and not embark on any witch-hunting, those who have held positions of authority must prepare to render account of their stewardship to the people because our resolve to hold their feet to the fire of probity and accountability is iron-clad”.

Therefore, in the light of the worrisome developments in the state in the last few days especially as it relates to the condition of the state, Governor Ihedioha should live up to his bidding and do the needful by having a look into the accounts of the state through a proper independent audit of the state account.

Reputable international audit firms such as KPMG should be employed to wear their eyeglasses and look through their lenses into the accounts of Imo State. This is the best way “We cannot play the ostrich pretending that all is well when indeed we are in a deep hole”. This “broken” Imo State cannot “climb out of the depths of despair” no matter how “steep, arduous and tortuous”, without a look into the state accounts.

• Collins Ughalaa could be reached via email: ughalaacollins@gmail.com, or via telephone: 07066222944.

The Oracle Today is published by The Oracle Newspapers Limited. Head Office: 116 Awka Road, Onitsha. Lagos Office: 25 Remi Fani-Kayode Street, GRA Ikeja. Abuja Office: 1st Floor, Plateau House, Central Business District, Abuja, FCT. ISSN: 2545-5869 Email: oracletoday2016@yahoo.com, Twitter: @oraclenews.ng Facebook: oraclenews.ng@facebook.com Website: www.oraclenews.ng Advert hot lines: 09078310060, 09061836916. Editor: FELIX OGUEJIOFOR ABUGU.