December 22, 2014

Newspaper of the Year

‘Oyo PDP may not field candidate’ NEWS

Page 7

•Folarin: SDP flagbearer ‘ranting’

News Lawmakers: Fayose can’t arrest us P8 Sports ‘Ideye’ll overcome goal drought’ P51 Business AMCON sells N25b Union equity P25

•Nigeria’s widest circulating newspaper

VOL. 9, NO. 3072 MONDAY, DECEMBER 22, 2014

TR UTH IN DEFENCE OF FREEDOM TRUTH

Post-2015 polls violence looms, Akinyemi warns

N150.00

Skye Bank takes over Mainstreet

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FORMER minister has warned of a looming “horrendous violence” after next February’s general election.

Prof. Bolaji Akinyemi, a former minister of External Affairs, in a December 16 letter to President Goodluck Jonathan and Gen. Muhammadu Buhari, urged the presidential candidates of the Peoples Democratic Party (PDP) and the All Progressives Congress (APC) to sign an undertaking to rein in their supporters after the election.

Akinyemi, who served during the military regime of Gen. Ibrahim Babangida, was the deputy chairman of the National Conference organised by President Jonathan, Continued on page 4

•www.thenationonlineng.net

•Prof. Akinyemi

ANKING has got another giant, with the Asset Management Corporation of Nigeria (AMCON) at the weekend transferr ownership of Mainstreet Bank to Skye Bank Plc. The transfer took place after a completion meeting where AMCON divested its interest and transferred ownership of the bridge bank to Skye Bank, which paid 100 per cent of the acquisition value.

The Nation last week exclusively reported the clearance

By Taofik Salako, Capital Market Editor

of the acquisition by the Securities and Exchange Commission (SEC), the apex capital market regulator that has statutory control over mergers and acquisitions.

At a short handover held at AMCON headquarters in Lagos, at which the directors of Mainstreet Bank and Skye Bank were present, AMCON handed over ownership and praised Skye Bank for emerging the preferred of the over 29

bidders “in the highly competitive and transparent process that took over a year to complete”.

Skye Bank was lauded “for its tenacity and doggedness in pursuing the acquisition with all sense of seriousness and professionalism”.

AMCON also praised the out-going Board and Executive Committee members of Mainstreet Bank for “their dedication and service to NiContinued on page 4

•INSIDE: ONAIYEKAN: NO EXCUSES P4 BOKO HARAM STORMS GOVERNOR’S TOWN P4

2015: How Buhari ’ll defeat Jonathan, by ex-Speaker APC candidate ‘to run issue-based campaign’ From Yusuf Alli, Abuja and Abdulgafar Alabelewe, Kaduna

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HE push to win next February’s presidential race will get a fillip this week as the Peoples Democratic Party (PDP) and the All Progressives Congress (APC) get set to open their campaigns.

At the weekend, the PDP raked in about N21 billion for its campaign. The APC is getting set for action, with a meeting today of its Chibuke Amaechi-led campaign committee.

There is optimism in the APC that its candidate, Gen. Muhammadu buhari, will defeat PDP’s President Goodluck Jonathan.

Former House of Representatives Speaker Aminu Bello Masari, who is Katsina State APC governorship candidate, spoke about how, in his view, Gen. Buhari will win the election.

Masari said should the people’s votes count, Gen. Buhari would beat President Jonathan hands down.

He spoke in Kaduna during a meeting with Katsina State indigenes resident in Kaduna.

According to him, bad leadership, corruption and lack of foresight are the problems of the Jonathan administration.

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He said: “Take the number of votes from Northwest, take the number of votes from Southwest; 90 per cent of Northeast is WHERE ARE APC, 90 per cent of NorthTHE CHIBOK west is APC, 80 per cent of South-west is APC. Edo is GIRLS KIDNAPPED APC. The worst scenario is ON APRIL 15?

Continued on page 4

•IN SESSION: The Apostolic Faith Church Annual Choir and Orchestra’s 2014 Christmas concert held at Anthony, Lagos yesterday.

PHOTO: ISAAC JIMOH

•SPORTS P14 •POLITICS P17 •JOBS P35 •CEO P37 •MOTORING P39 •FOREIGN P58

THE NATION MONDAY, DECEMBER 22, 2014

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NEWS

Dwindling •Mr. Babatunde Olajide, receiving a plaque from the Executive Secretary, Tertiary Education Trust Fund (TETFUND), Prof Suleiman Bogoro. With them is Olajide’s wife, Kehinde, during the TETFUND Long Service Award and Dinner, PHOTO: ABAYOMI FAYESE held in Abuja...at the weekend

Dwindling oil revenue has led to a crushing cash crunch in the country, forcing government to announce austerity measures and taxes on luxury items. But experts say proper harnessing of cocoa resources will help, writes SINA FADARE

A •From left: Executive Director, Operations, Bank of Industry (BOI), Mohammed Alkali; Facilitator, KPMG Partener, Mrs Adebisi Lamikanra; Managing Director/Chief Executive Officer, BOI, Mr. Rasheed OlaOluwa and Executive Director, Small Scale Enterprenues (SMES) of the bank, Mr. Waheed Olagunju; during the bank's Corporate Transformation Retreat, at the Moofhouse Hotel, Ikoyi, Lagos

• Director-General, Directorate of State Security Services (DSS), Ita Ekpenyong, flanked by (right) and Comptroller-General, Nigeria Prisons Service, Peter Ekpendu (left) and Faderera I, the Laroka of Wanikin-Ife, Kole Ojutalayo at the graduation of the Executive Intelligence Management Course (EIMC) 7 in Abuja....at the weekend PHOTO ABAYOMI FAYESE.

• From left: Chief Technology Officer, Slim Trader, Mr. Martin Pagel; Deputy Managing Director, Arik Air, Captain Ado Sanusi; Managing Director, Arik Explorer, Kencho Omojafor; and Chief Software Architect, Slim Trader, Mr. Chris Teizel, at the inauguration of Arik Air Explorer, held at Arik Air Corporate Headquarters, Murtala Mohammed Airport, Ikeja, (MMIA),Lagos...at the weekend.

PHOTO: ISAAC JIMOH AYODELE.

S Consul-General of the United States Diplomatic Mission in Nigeria, Mr. Jeffrey Hawkins is no stranger to any part of the country. But one thing that has shocked him most is the failure of the country to take maximum advantage of its cocoa resources. His belief is that the country could shore up its earnings by billions from chocolate – a bye product of the cash crop.

The envoy’s position will make more sense in the light of dwindling oil fortunes, a development which has made the Federal Government propose new tax regime next fiscal year.

Coordinating Minister of the Economy and Minister of Finance Dr Ngozi Okonjo -Iweala, presenting the 2015 Budget proposal to the National Assembly, said : “Government is going to implement a sole charge on luxury goods; a 10 per cent import sole charge will be imposed on new private jets which are being brought into the country.”

Mrs. Okonjo-Iweala added that a sole charge was also proposed on business and first class flight tickets and on luxury items.

Hawkins feels cocoa has the potential to help the country out of oilinduced woes. The envoy told his audience at a conference on cocoa value chain that Nigeria has not positioned itself to take advantage of the opportunity of insatiable worldwide appetite for chocolate He regretted that despite the trend of technology in assisting massive production and processing of agricultural produce, Nigeria is still lagging behind.

It was at a conference organised

by Nigeria Expanded Trade and Transport, NEXTT, in collaboration with USAID and Olam to x-ray holistically the crises and forces that are militating against cocoa explosion.

His words: “When I travel through the regions of Nigeria, I am struck by the fact that cocoa is still raised by hand, not by machine, and remains a very labour-intensive commodity to produce. Cocoa production is still very much a family enterprise, from planting to carrying the bags of cocoa beans to the buyers, who may be far away from their farms. Despite the physical labour involved, farmers are realising very limited incomes from their efforts.”

Hawkins pointed out that with the emerging trend in the demand

•Dr. Akinwumi

of darker chocolate, especially in new markets such as China, international buyers were predicting a potential cocoa shortage by 2020. He challenged all the stakeholders to tap into the huge potentials by increasing the production level in the country.

According to him, the way out is a holistic approach to the massive production of cocoa in terms of finance and investment, technology and technical assistance to raise quality and making cocoa a viable prospect for youth employment.

But the Minister of Agriculture, Dr Akinwumi Adesina, believes the country is on the right track. He said Nigeria will soon witness an explosion in the cocoa industry due to the incentives introduced by the Federal Government to accelerate the expansion of cocoa production in the country has generated a lot of discourse among the industry stakeholders.

Adesina, who spoke at a cocoa summit in Abuja, said the Jonathan administration had developed the Cocoa Value Chain, under the Agricultural Transformation Agenda (ATA), to shore up the country’s cocoa output which has been very low in the international market.

The minister lamented that “While Cote d’ivoire’s cocoa has grown to over 1.4 million metric tons and Ghana at over 720,000 metric tons in the last decade, Nigeria’s had remained low at about 250,000 metric tons, until the recent efforts which are beginning to yield the desired dividends.

Though, the minister argued that the production level has increased from 250,000 metric tons to about 370, 000 metric tons, stakeholders, comprising the producers, input suppliers, traders, exporters, indigenous and multinational companies, cocoa processors and cocoa farmers, disagreed with him. The stakeholders registered their opposition at a cocoa conference in Lagos, where they faulted the minister’s claim and insisted that the country has no concrete data on cocoa production.

THE NATION MONDAY, DECEMBER 22, 2014

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revenue...How cocoa can help

•Aikpokpodio

Speaking on the global trend in the industry and understanding Nigeria’s market share, Mr. Dimeji Filani, the former Managing Director of Armajaro, a major player in the cocoa industry and an officer with Barry Callebaut, another stakeholder player in the cocoa business, noted that the fortune of cocoa began a downward slide following heavy politicisation of policy on the crop.

Filani lamented that Armajaro, a company that was shipping about 60,000 metric tons at its peak now struggls to ship about 10000 metric tons. He blamed the trend on the politicisation of the cocoa business.

He noted that politicians, and not professionals, are often appointed as managers.

He recalled that a lot of money earmarked for cocoa production under the administration of former President Olusegun Obasanjo, ended up in the pocket of politicians in farmer’s garment.

Filani noted that Nigeria’s production figure was deliberately inflated from 200,000 metric tons to 400,000 metric tons just to cover up.

He noted that the country may never get it right unless the government mustered the political will to wield the big stick against saboteurs and involve professionals, who have the passion for the cocoa industry.

Filani challenged the government to always monitor the Export Expanded Grants (EEGs) given out to cocoa exporters so that at the end of the day, the votes will not be diverted.

Speaking on how to boost production, the expert nobody needed a rocket science to understand the prevailing crisis. He said anything short of massive investment will amount to a waste of time.

In a similar submission, the Managing Director of Multi-Trex Integrated Foods Plc and one of the pioneer cocoa processor in the country, Mr. Dimeji Owofemi, said the time has come for the government to go back to the drawing board and jettison the issue of monotonous conferences that would lead to no-

•Akoroda

•Cocoa pods

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Research is the key to return cocoa to its lost glory in the country. All over the world, data is a global phenomenon on which new techniques and innovations are based where.

Owofemi urged the government to embark on aggressive enlightenment campaign on local consumption of cocoa to boost its production.

He regretted that the production of cocoa by peasant farmers has been abandoned for a very long time, adding that it was necessary to replace the ageing trees with improved varieties that can yield within 16 months. This, he said, should be done in collaboration with youth empowerment scheme so as to raise a new generation of cocoa farmers.

Besides, Owofemi said the youths must undergo re-orientation and retraining to re-focus their attention from non-existing white-collar jobs in other sectors of the economy.

“You don’t invite the youths to a loose game, they will not come,” Owofemi said.

He identified poor funding, policy inconsistency as the bane of the cocoa business.

Perhaps the fundamental issue that gave the stakeholders serious concern was statistics which they put at zero level, a situation they agreed has contributed immensely to backwardness in the production of high grade cocoa.

The Executive Director of the Cocoa Research Institute of Nigeria (CRIN), Prof. Malachy Akoroda, said the country has learnt nothing since 140 years ago, when cocoa was introduced.

Akoroda said financial problem facing cocoa industry would end with the injection of the proceeds

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from if two and a half days oil drilling.

The agronomist argued that massive production of cocoa can only be achieved with adequate funding of the CRIN, which he noted, can provide all the needed statistics on the crop. He noted that the revolution in Cote d’Ivoire was attained by such intervention.

He said: “Each of the 22 cocoa producing states would be well mapped and once that is done, the foundation has been laid and this can be build upon.

“Research is the key to return cocoa to its lost glory in the country.

All over the world, data is a global phenomenon on which new techniques and innovations are based.

The sad story is that nobody knows the production statistic of cocoa and until we do that, we would not know where we are going.”

He regretted that the farmers who toil all-year round gets between six to 10 per cent of the several billions being generated from cocoa annually.

“The issue of raw materials, which is the cocoa beans, must be tackled with all seriousness with a back up consistent policy that will not short change the farmers at the long run. This will give room to address the issue of quality and packaging which will go a long way to improve cocoa explosion,” he explained.

Akoroda said the country needed cocoa philosophers with passion absolute commitment for the crop to make a change.

Advocating for a direct action and mobilisation of cocoa farmers, Dr Jibayo Oyebade, who is the chairman of Cocoa Revolution Project, a pilot programme being funded by the Ondo State government said the experiment of Oda Cocoa Farm in Ondo should be reference a point for the Federal Government to demonstrate its readiness to rescue the industry.

Oyebade, who made a submission on how to attract youths to cocoa farming, noted that resuscitation of the Oda Cocoa Farm was was targeted towards the youths and that about 250 of them have been given Intensive training on pruning and maintaining of large cocoa plantations.

He said: “We engaged the youths to prune the old coca tree and then plant another 100, 000 units on line and arable crops like tomatoes, banana are planted in the middle so that before cocoa started fruiting, something will be fall upon by the new farmers. Government also gives them allowances so that they will not run away.”

Speaking in the same vein, Mr. Kayode Faleti, the Senior Programme Manager in charge of the Southern Regional Office of the USAID, explained that a vibrant cocoa business will discourage youths from crime.

Faleti urged the to go straight into action by involving those who can actually explore all the potentials in cocoa from primary production to end-users.

According to him, lack of access to large parcels of land remained a major problem militating against commercial agriculture. He urged government’s intervention.

“In terms of production, we are not there and more worrisomely we are not on the right track. Some of the farmers are not ready to lease their farms for commercial production and the old plantation needs re planting, therefore we need government intervention to arrest this situation,” he said.

Allaying the fear that all hope was not lost, Dr Peter Aikpokpodion, who is the Team Leader, Cocoa Chain Development in the Federal Ministry of Agriculture and Rural Development, informed that government was working round the clock to turn the fortune of cocoa for the better.

Aikpokpodion pointed out that there is a plan in the offing to include greater participation of the public sector in cocoa transformation, adding that a proposal has been sent to the presidency on the need to have a strong institutional framework for cocoa industry through a sustainable public-private partnership platform.

He explained that cocoa farmers have been encouraged to organise themselves into cooperative societies to widen their asset to funds.

Aipokpodion assured that government will do everything to strengthening the policy.

He said: “We need to invest in the sector and to stimulate that we need a coordinating body in Cocoa Corporation of Nigeria, the strategy is to have everything relating with cocoa industry will be handled by this public and private sector.

“The first step is to get this body establish , Cocoa Corporation of Nigeria and let government fund it and all other aspect of cocoa sector from the upstream in terms of production, inputs, down to marketing and value addition would be coordinated so as to enhance grater production. It is capital intensive and the government is not shying away from this.”

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THE NATION MONDAY, DECEMBER 22, 2014

NEWS

•From right: Dr Modupe Ajayi ,Registrar; HRM Alhaji Isa Mustapha, Chancellor ; Alhaji Bashari Aminu , Aare Afe Babalola (SAN), Kaduna State Governor Ramalan Yero; Dr Mohammed Shata ,Chancellor and Professor Adebiyi Daramola , Vice Chancellor, during the conferment of Honorary Doctorate Degrees on Aare Babalola and Alhaji Bashari at the 25th and 26th Convocation Ceremonies of the Federal University of Technology Akure…at the weekend.

2015: How Buhari ’ll defeat Jonathan, by ex-Speaker Continued from page 1

Rivers. There we have the state government, so it cannot be easy for anybody to try and rig election there.

“We all know that the entire population of Southsouth is not up to Lagos or Kano. We know the total number of voters in the Southeast. The only stronghold of PDP now is the Southsouth and the Southeast.

As at today, the collection of PVC in the PDP stronghold is not more than 30 %, so let us see how 100 per cent will come.”

President Jonathan’s Senior Special Assistant on Public Affairs Dr. Doyin Okupe last week said election is not mathematics.

Okupe, speaking during his visit to a media house in Lagos, said the calculation that

Buhari promises issue-based campaign

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HE Buhari Campaign Organisation has pledged to conduct a campaign focused on the issues which will uplift average Nigerian from poverty to prosperity.

General Muhammadu Buhari is the Presidential candidate of the All Progressives Congress (APC).

In a statement yesterday by its Communication Director, Mr. Dele Alake, the organisation noted that “the issues of electricity generation and distribution, poverty elimination, eradication of corruption, mass unemployment and security of lives and property are going to form the focal points of our campaign.”

It added: “These issues have no ethnic colour.

APC would win the presidential election is “an error.”

Gen. Buhari has mandated the party to ensure that his campaign team reflects all tendencies in the party.

He also urged the party to seek input from all presiden-

Poverty afflicts the old and the young. Unemployment has no political affiliation. Insecurity damages the economy precariously.

Insecurity may be more prominent in the Northeast in the wake of the Boko Haram insurgency, but the reality is that Nigerians generally have never been as endangered as they now are.

“Our responsibility to the Nigerian people in this campaign is to articulate how to rescue Nigerians from the present danger based on the manifesto of the APC. Our responsibility is to demonstrate that Buhari has the

tial aspirants, APC governors and party leaders at all levels.

In deference to Gen. Buhari’s request, APC National Chairman Chief John Odigie-Oyegun will today meet in Abuja with the Presidential Campaign Organisation Director-

Continued on page 57

General Governor Amaechi and the Chairman of the Campaign Advisory Committee, Mr. Audu Ogbeh on how to constitute an all-inclusive campaign team.

A source told our corresponContinued on page 57

Malien-like Boko Haram fighters invade governor’s hometown

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EIDAM, the hometown of Yobe State Governor Ibrahim Geidam, came under Boko Haram attack yesterday.

Some residents of the town, which is the headquarters of Geidam local government area of the state, said most of the Boko Haram attackers looked like Touareg fighters from Mali.

Mustapha Yunusa said he

From Duku Joel, Damaturu

saw a large number of the fighters through the window from his house, located on the main access road into Geidam town when the insurgents invaded.

"I was able to see most of the boys because my house is located very close to the main road entering Geidam. I saw them in large numbers. They came in a convoy of Hilux vans before they disembarked

and divided themselves and started shouting all kinds of sounds in Arabic. Most of the boys look very much like the Malian Touaregs," Yunusa said.

Another resident said many residents ran out of Geidam as it became clear that the insurgents would attack the town.

"We got news that the insurgents were advancing to Geidam from Borno State

through Damasak to Geidam so many people fled to other villages," a resident said.

Our correspondent gathered that the insurgents were spotted in Yaro town saying their prayers before they moved to Geidam to launch their onslaught.

The casualty from the attack could not be ascertained last night but a security source said the insurgents attacked Continued on page 57

Boko Haram releases video of sect killing civilians in a dormitory

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OKO Haram at the weekend released a video showing gunmen mowing down civilians lying face down in a dormitory, and a leader saying they are being killed because they are “infidels” or non-believers.

There are so many bodies the gunmen have difficulty stepping to reach bodies still twitching with life. Most appear to be adult men.

“We have made sure the floor of this hall is turned red with blood, and this is how it

is going to be in all future attacks and arrests of infidels,” the group leader says in a message. “From now, killing, slaughtering, destructions and bombing will be our religious duty anywhere we invade.”

The video was released on Saturday, two days after fleeing villagers reported that the extremists are rounding up elderly people and killing them in two schools in Gwoza, in northeast Nigeria.

Continued on page 57

Skye takes over Mainstreet Bank Continued from page 1

geria in steering and piloting the affairs from what it used to be, to profitability”.

Between October 3 and October 31, Skye Bank paid both the initial 20 per cent mandatory deposit and completed the 80 per cent balance well ahead of the November 3 deadline for the 100 per cent acquisition of Mainstreet Bank, which has been described by several analysts and financial commentators as a ground-breaking acquisition.

While addressing the executive members and management team of Mainstreet Bank at the bank’s headquarters after the handover by AMCON in Marina, Skye Bank Group Managing Director Mr. Timo-

thy Oguntayo, assured the staff and customers of good times ahead. He solicited the co-operation of all in ensuring a seamless transition.

Analysts have been unanimous in that the acquisition, operationally, is a gamechanger for Skye Bank, given possible synergies and the impact on the balance sheet and profitability of the bank. It will also increase the bank’s market position in the industry and at the stock market.

Analysts predict that the potential impact will be big on Skye Bank’s reach and asset size. Mainstreet Bank has nine subsidiaries and a large distribution network comprising 201 branches across 35 of the Continued on page 57

Onaiyekan to Jonathan: no excuses on Boko Haram

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RCHBISHOP of Abuja (Catholic Diocese) John Cardinal Onaiyekan has alleged fears of impending crises during the general elections in February.

The cleric said there was no need for such fear.

He, however, urged President Goodluck Jonathan not to fail Nigerians with his handling of the Boko Haram insurgency.

Nigerians, he said, will not accept excusses for failure to curtail the sect, whose activities have resulted in the death of hundreds of people.

He urged the Christian to “pray and work for peace”.

Cardinal Onaiyekan spoke at the Akwa Ibom State-organised annual 9,999 Carol Night at the Akwa Ibom Stadium, Uyo on Saturday night. He said Nigerian politicians must not forget that though God expects human beings to organise their lives, which is why there are governors and president, but God is the owner of all things.

He urged politicians to seek

Post-2015 polls violence looms, says Akinyemi Continued from page 1

whose recommendations are yet to be implemented.

Akinyemi recalled that he warned the then National Security Adviser (NSA), the late Gen Patrick Aziza, that violence “on a massive scale “would trail the results of the 2011 general elections.”

But he expressed regrets that his “conflict-controlled” measures were ignored. “We are back at the same crossroads again, except this time is more precarious and dangerous than the last time,” he added.

For the 2015 polls, Akinyemi said: “The certainty of violence is higher than it was in 2011. If President Jonathan wins, the North will erupt into violence as it did in 2011. If Gen. Buhari wins, the Niger Delta will erupt into violence.” I don’t believe that we need rocket science to make this prediction.”

By Ozolua Uhakheme, Assistant Editor, Uyo

power for the good of the majority of the people. People, according to him, is the reason for governance.

The reason he gave for the impending violence is the “illegal massive importation of weapons into the country, which has reached such alarming proportions that I really wonder which is better armed, the militia on one hand or the official armed forces on the other hand”.

The international affairs expert recalled the “very notorious prediction from the United States semi-official sources that the world is expecting a cataclysmic meltdown of the Nigerian nation come 2015.”

Besides, he added that: “there are states and movements out there, Africans and non-Africans, which do not mean well for the Nigerian state, which wish Nigeria to dissolve into a theatre of bloodshed, gore and instability”.

“They will succeed if we continue the politics of making enemies of ourselves and friends of our enemies.”

To prevent the disaster he predicted,

“It is not enough to fear God. We must rule according to His will and for the good of the people. People are the reason for governance. Politicians are supposed to do

Akinyemi suggested that frontline traditional rulers – the Sultan of Sokoto, the Emir of Kano, the Lamido of Adamawa from the North, the Ooni of Ife and the Oba of Benin from the South; elder statesman Chief Emeka Anyaoku; religious leaders Pastor Enoch Adeboye and Pastor Ayo Oritsejafor and ex-Heads of State Gen. Yakubu Gowon and Gen. Abdulsalami Abubakar – should facilitate a pre-election meeting between the candidates, the preparation of a Memorandum of Understanding (MoU) and act as a Council of Wisemen to assist in managing the postelection conflicts.

According to Akinyemi, the recommended MoU should commit the candidates to “a civil and peaceful campaign, devoid of threats; a commitment to control their supporters after the elections; and that supporters of whoever loses should be entitled to peaceful protests but not to violent protests”.

whatever they do for the good of the majority. We are looking forward to the chance of making the choice of who will rule us,” the cleric said, adding:

“As we sit here, my heart goes out to the babies who are being born in distressful situations, especially in northeast states where Boko Haram has driven people

•Archbishop Onaiyekan

away. Also, we should remember babies in the terrible theatres of wars such as Pakistan and Syria. Every child is precious. The lesson of Chrtistmas is that the will of God will always be done.”

Governor Godswill Akpabio described the carol night as a celebration of love.

“Whether you are a Muslim or Christian, we need a peaceful world for mankind Continued on page 57

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THE NATION MONDAY, DECEMBER 22, 2014

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NEWS

•Senior Pastor, House on The Rock Church Paul Adefarasin (left) assisted by Head of Mission, Africa Pastor Goke Coker while giving food items to a leader of the people of Makoko Community, Lagos, Mr. Ahmed Oke, to mark the Christmas..at the weekend.

‘Nigeria’s territorial integrity not negotiable’

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HE Chief of Air Staff, Air Marshal Adesola Amosu, has warned that the “territorial integrity of Nigeria is not negotiable”.

He spoke at the weekend at the commissioning of 138 Direct Short Service Course Cadets into the Nigerian Air Force.

The Air Force, he said, needs a larger force to compliment the ground forces the Army and Nigerian Navy - in the defence of Nigeria’s territory.

The Air chief, therefore, urged the newly commissioned officers to key into the effort to flush out terrorists from Nigeria, saying that as members of the armed forces, they have a crucial role to play in defending the nation’s territorial integrity.

He said: “Let me inform you that the security of lives and property remains one of the highest priorities of the

Policy issues affecting businesses, says LCCI

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RESIDENT, Lagos Chamber of Commerce and Industry (LCCI) Alhaji Remi Bello said prevailing macro-economic issues, triggered by the slump in global oil prices, have created challenges for the public and private sectors.

He observed that the pressure on production and operating costs and weak consumer demand were already taking their toll on many businesses with investors’ confidence affected.

Bello advised government and its agencies to avoid ac-

By Okwy Iroegbu-Chikezie

tions that would further complicate matters for investors.

The LCCI boss, in a statement, said chamber was compelled to draw attention to some policy and institutional actions that could negate the current efforts to stabilise the economy and preserve jobs.

Some of the challenges, he mentioned, were deliberate and arbitrary revision of the value of cargoes by the Nigeria Customs Service (NCS), driven by the quest to generate more revenue in line with new target.

MTN to give out N50m house

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Jonathan begs aggrieved PDP members not to defect

From Abdulgafar Alabelewe, Kaduna

Federal Government. Therefore, government has mandated the armed forces to do everything necessary to create a peaceful atmosphere for our citizens to feel safe and to have the freedom to go about their normal businesses wherever they are in the country.

“As you become gentlemen officers, let me inform you that, you will be saddled with several responsibilities that are likely to be demanding and challenging. One of the objectives of the basic military training you have received was to give you a broad introduction to the military life,” he said.

Air Marshal Amosu urged Nigerians to always aim to build national cohesion that transcended primordial sentiments and rise above any interest that tended to tear the nation apart.

ELECOMMUNICATIONS company, MTN, is set to give out a house worth N50 million to a lucky Nigerian.

This is part of its continuous effort in making the Yuletide memorable through its ‘Season of Surprises’ campaign.

Riding on the MTN sponsored TV game show, Who Wants To Be A Millionaire (WWTBAM), a special episode of the series, tagged ‘Who Deserves To Be Surprised’ (WDTBS)’, has been created to serve as a platform through which the lucky Nigerian will emerge.

In the past few weeks, MTN has been encouraging people to nominate someone, who have positively influenced their lives and contributed immensely to make them who they are today.

Already, Nigerians from various walks of life have been nominated through the on-line platform dedicated to this course.

Among the many nominated, eight nominees with the most compelling stories were picked by the organisers.

The ‘eight’ now stand the chance of receiving the biggest surprise so far, in the ‘Season of Surprises’ campaign as they will not only have a chance to make it to the hot seat and play for N10 million, but one of them must smile home with a surprise gift of a N50 million house from MTN. Airing of these special episodes will take place on Sunday December 28, 2014 on TV stations.

•From left: Regional Health Manager, Sub-Saharan Africa of Shell Nigeria Exploration and Production Company (SNEPCo) Dr. Femi Oduneye (right) and the National Director, SOS Children's Villages, Mr. Eghosa Erhumwunse, at the donation of two buses to the SOS Children's Village, Isolo, Lagos, by NNPC-SNEPCo and the handing over of upgraded clinic to the village.

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RESIDENT Goodluck Jonathan has pleaded with the aggrieved members of the Peoples Democratic Party (PDP) in the primary elections not to decamp to other parties.

According to him, the aggrieved members should stay in the party, if they believed in true democracy.

He spoke at the PDP FundRaising Dinner at the Banquet Hall of the State House, Abuja.

He said any flaw in the party’s primaries would be overcome before the next dispensation in 2019.

Jonathan said: “We all appreciate that throughout the congresses, where primary elections were conducted; there have been some outstanding issues.

“The party is working to resolve these issues. Definitely, in such situations, all may not be resolved to the satisfaction of everybody. But my plea to party members is to remain committed to the party; stay with the party.

“I know other parties are wooing some of you to contest elections on their platforms, but if you believe in democracy, then you will contribute to strengthen it. The only way you can strengthen democracy is for you to stay in your party.

“If there are some issues you feel are not too correct, it

•PDP fund raising collects N21.27b From Augustine Ehikioya, Abuja

behooves on us to stay together and correct them. That is the only way we can grow democracy.

“If out of anger or frustration, you leave the party because you didn’t get what you wanted, then you are not contributing to the growth of democracy,” he stated.

Recalling the donations of the business community to support victims of the 2012 flood and to the Victim Support Fund in September, he said the money would be used judiciously.

He assured the business community of more policies and programmes that would promote enterprise and industry and expansion of the economy.

Referring to a beneficiary of YouWin programme, who donated N1 million at the dinner, he said the party has made a number of millionaires and billionaires.

According to him, his administration is working harder to make more young millionaires through YouWin and Youth Employment through Agriculture Programme (YEAP).

He assured that the PDP would do everything possible to keep the country united.

The total donations announced by the master of ceremony was N21.27 billion.

Those, who donated included Oil and Gas sector (N5 billion), Jerry Gana’s friends (N5 billion), Real Estate (N4 billion), Tunde Ayeni (N1 billion), Tunde Ayeni’s friends (N2 billion), Transport and Aviation (N1 billion).

Also, the 21 PDP governor donated N50 million each totalling N1.5 billion, food and agriculture (N500 million), construction (N310 million) and road sector (N250 million).

The power sector donated N500 million, shelter development (N250 million), Labaran Maku (N 1 million), Volkswagen and others (N450 million).

Vice President Namadi Sambo thanked those who donated to the party.

Chairman of the fund-raising committee, Prof. Jerry Gana, warned party members not to be complacent in next year’s general elections.

According to him, the elections would be very competitive.

He pointed out that even though the party had done well under President Goodluck Jonathan, members must campaign and communicate the achievements well to the

Nigeria records 160,000 cases of stroke yearly

N

IGERIA records 160,000 cases of stroke yearly, it was learnt at the weekend.

According to a United Kingdom-based cardiovascular disease expert, Tony Rudd, 168 people die of stroke in Nigeria daily while 18 stroke cases are recorded every hour.

The consequence of this, Rudd said, was that seven people die of stroke in Nigeria every hour.

The expert spoke at a lecture organised by Stephen James Stroke Centre of Excellence in Abuja, at the weekend, with the theme: “A containable epidemic: Developing stroke care in Nigeria.”

He warned that trend might increase, if urgent actions were not taken by both the government and individuals.

He said: “All those people who have stroke, about 40 per cent, will die within the first month; that is as twice as many that will have stroke in

From Vincent Ikuomola, Abuja

Europe. That is about seven people in Nigeria die every hour as a result of stroke. That is something we have to urgently do something about.

“And if you survive your stroke, about 60 per cent of people will have long-term significant disability.

“We have an epidemic of vascular disease in Nigeria. It is going to get worse, if something is not done urgently done about it.”

But the Federal Government, through the SURE-P, has in partnership with Stephen James Stroke Centre of Excellence concluded plans to “establish a world class stroke centre.”

The Minister of State for Health and Supervising Minister of Health, Khaliru Alhassan, lamented the rate at which Nigerian children were being addicted to fast foods.

“What this means is that

very soon, the cases of stroke is going to get worst in the country, if adequate preventive measures are not put in place. We must be up and doing and do everything possible to ensure that we address this issue.

“This lecture on stroke is a master stroke taking place here through the SURE-P. It is an essential part of the transformation agenda of Mr. President. That shows that there is a commitment by the government to give the best to the citizens.

The Chairman of the Board of Stephen James Stroke Centre of Excellence, Jerry Gana, said the centre is in partnership with the Federal Government through the SURE-P. “Very soon, this country will be a destination for many others from Africa as far as treatment of stroke is concern. Instead of going to India, Germany or United States (U.S.), they will come to Abuja. We can do it,” he stressed.

electorate.

He said: “The 2015 elections will be very competitive. Do not take it for granted. We must never underestimate the opponent. PDP has advantage because it has done very well in its 15 years in power at the centre.

“Besides, our presidential candidate is very good and is one of the best in the world in terms of delivery of democracy dividends. But doing well or having good candidates is not enough, we need to tell the electorate what we’ve done as a party.

“We must endeavour to effectively communicate our achievements and candidates to the people; the elections must be issue-based, of course PDP is noted for that,” he said.

He also warned leaders of the PDP at all levels against imposition of candidates on Nigerians.

The PDP National Chairman, Adamu Muazu, congratulated the candidates that won primaries for the general election.

He urged them not to let the party down, just as he urged those that did not win not to lose hope, as there would be another time.

The chairman also noted that the PDP is faced with many challenges for which the fund will be utilised.

Yuletide: Mark urges renewed prayer From Onyedi Ojiabor, Assistant Editor and Sanni Onogu, Abuja

SENATE President David Mark has urged Nigerians not to despair over the myriads of challenges facing the country.

Mark said the citizens should instead renew faith in God with the firm believe that with prayers and cooperation with one another, the country would surmount its problems.

The Senate President added that the situation at the moment did not call for blame games, but a unity of purpose and support to authorities to overcome the challenges.

This was part of the message Mark sent to his Benue South constituents in Agatu, Apa and Ohimini local government areas, when he distributed foodstuffs through his wife, Helen Mark, under his “End of year reach-out to the people programme”.

THE NATION MONDAY, DECEMBER 22, 2014

6

NEWS

Alleged libel: Ex-minister sues bank for N100b

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ORMER Water Resources Minister and former President of the Newspapers Proprietors Association of Nigeria (NPAN) Alhaji Ismaila Isa Funtua has sued one of his bankers, Unity Bank Plc, for allegedly defaming him.

In the suit filed with his company, Bulet International Nigeria Limited, before the High Court of the Federal Capital Territory (FCT), Abuja, the plaintiffs accused the bank, among others, of publishing false information about them.

They stated in a supporting

From Eric Ikhilae, Abuja

affidavit that the bank in 2013, initiated a debt recovery proceeding against Bulet International before the FCT High Court.

The suit was dismissed on February 24, 2014 for lack of reasonable cause of action.

The plaintiffs said before the suit was dismissed, Unity Bank, acting through its lawyer, I. H. Yamah allegedly wrote to Bulets’ tenants and clients , including the Federal Ministry of Finance, CBN, Australian and American embassies as well as the Ministry of Foreign Affairs, con-

veying an auction sale notice.

The notice threatened to sell the property being occupied by the tenants.

Unity Bank was said to have alleged in the letters that the plaintiffs owed it N6.856 billion and that the bank was in possession of perfected legal mortgage over the landed property occupied by the tenants.

The bank allegedly warned them not to have any commitments to their landlord.

The plaintiffs stated that the bank sued them again this year and that they have challenged the legality of the suit on the grounds that it failed

to disclose reasonable cause of action.

They added that ruling had been fixed for February 2015.

The plaintiffs further stated that while parties awaiting the ruling fixed for February, the bank proceeded to publish public notices and articles in numerous newspapers as well as on its Internet outlets specifically addressed to the CBN, containing list of its alleged debtors. One of the plaintiffs, Bulet, was allegedly listed.

According to the plaintiffs, the letters, newspaper reports and public notices by the bank meant that the plaintiffs are

bankrupt and irresponsible and took bank credit with intent to defraud the bank.

The plaintiffs said the letters and public notices were understood by the public that Unity Bank gave them N6.8 billion credit facilities and was in custody of perfected mortgage instruments, which exposed the plaintiffs’ tenants to auction sale of their home and offices.

They denied that the bank granted them N6.8b loan, describing the allegation by the bank as baseless and an attempt to damage their reputation.

‘INEC should monitor campaign spending’

By Leke Salaudeen •Managing Director of the Oil and Gas Free Trade Zones Authority Onne Alabo Victor (left) and Director General, Industrial Training Fund (ITF) Dr. Juliet Chukkas Onaeko, at the signing of Memorandum of Understanding (MoU) at the ITF office in Abuja.

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HE Independent National Electoral Commission (INEC) has been advised to devise a mechanism for monitoring and sanctioning those who violate campaign spending ceiling and rules as stipulated by the Electoral Act. This advice was contained in a communiqué at the end of a two-day capacity building workshop organised by the Media Scholars Network (MSN) in collaboration with the INEC. The theme of the workshop held at the University of Ibadan was: “Reporting Election: A Non Partisan Approach”.

According to the communiqué by Convener, MSN Prof.

Ayo Olukotun and Secretary, Dr Tunde Oseni, the theme of the workshop was designed to enhance the capacity of journalists to report the 2015 elections.

The workshop also recommended that INEC should respond promptly to enquiries by journalists and member of the public at election times.

It urged media proprietors to pay more attention to the welfare of the journalists by ensuring that they earn decent wages and are paid as at when due.

The communiqué noted that while objectivity was difficult to achieve, attention should be given to all sides of the story by journalists.

NCAT graduates 36 NAMA workers

By Kelvin Osa-Okunbor

HIRTY-six Nigerian Airspace Management Agency’s (NAMA’s) workers have completed Aeronautical Communications course at the Nigerian College of Aviation Technology (NCAT) Zaria.

The course, which began in January, was designed to equip participants with basic critical communication skills.

It was also aimed at providing latest technical competence required for the collation, processing, storage and dissemination of Aeronautical information such as Air Traffic Control messages and electronic NOTAMS. The graduation ceremony, which took place at the college’s auditorium, was also part of events marking NCAT’s 50th anniversary.

NAMA Managing Director Ibrahim Abdulsalam, an engineer, congratulated the graduating workers for hard work and perseverance.

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‘Microfinance banks operating under harsh environment’

ICROFINANCE Banks have accused the Central Bank (CBN) and Nigeria Deposit Insurance Corporation (NDIC) of putting in place harsh conditions for their operation.

The banks urged the regulatory bodies to be more feasible and stop treating them like commercial banks.

Chairman, National Association of Microfinance Banks (NAMB), Kwara State branch Chief Joseph Adeyemi spoke on behalf of the banks in Ilorin, the state capital, at an end of the year party.

Adeyemi urged government at all levels to see microfinance banks as agents assisting in solving some social problems that should primarily be government’s business.

He said: “The government

•Monitoring normal, say CBN, NDIC From Adekunle Jimoh, Ilorin

at all levels ought to assist these grassroots’ banks instead of passing more burdens on them from time to time. The general economic downward indices have affected profitability of most banks this year. But I think our greatest problem in the microfinance banking in the state is arbitrary and multiple taxation.

“The CBN and NDIC are supposed to be our friends, but sometimes, their reports after routine examinations could be frustrating. Sometimes, the language of some of such reports could be highly provocative and discour-

aging. The business community ought to cooperate at a friendship level without any form of intimidation. Some of the requests and demands by these bodies cannot be met in view of our capital base.”

But the Head, Development Finance Office, CBN Ilorin, Shiaka Omokhagbo Dirisu, said the CBN was not being harsh on the banks.

His words: “Monitoring is part of our work to ensure the growth and stability of the financial sector. You just bear with the CBN. I want to also let you know that the CBN has great value for the MFB sector. If you look at the administrative team of the N220

billion, the International Association of MFB is there. If we do not recognise you, we will not make you a co-administrator of that fund.

“We have every time realised that you are at the grassroots and that without you, our interventions would not move. Financial inclusion is coming; I want to tell us to prepare ourselves.”

Also, the NDIC Management Assistant, Ilorin Zonal Office, Kamorudeen Alli, who represented the Zonal Controller at the event, Ferdinard Matthew Jego, said: “Monitoring is part of the job of NDIC and CBN. It is intended to ensure financial uprightness and stability. It is not meant to cripple the activities of the MFBs, but rather to enhance its growth.”

Path to democratic growth, by Swedish envoy

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WEDISH Ambassador to Ghana and Nigeria Mr. Svante Kilander has said democracy would thrive when those elected work and meet the yearnings of the citizens.

Kilander spoke while delivering the 50th anniversary lecture of the Department of Sociology, University of Ibadan, titled: “Breakthrough of Democracy in Sweden: A Perspective.”

He noted that elections provide people with the opportunity to replace public officers, who failed to serve them, urging Nigerians to learn from his country.

Kilander explained that democracy would succeed, where democratic institutions

From Tayo Johnson, Ibadan

are put in place and manned by trusted people, who meet the needs of the people.

The envoy said people should wait for those who did not meet their expectations and vote them out at elections.

According to him, elections provide a platform to deepen democratic ethics and ethos by allowing people to rearrange and replace public office holders, who failed to meet their expectations.

He stressed the need for those occupying public offices to work for their people.

Kilander congratulated Nigeria for successfully containing the dreaded Ebola Virus.

He said the Federal Govern-

ment and the medical teams did “a great job” to deliver the country from the Ebola spread through well coordinated response teams.

Head, Sociology Department, University of Ibadan, Prof. Samuel Ayodele Jegede, said the world needs knowledge from Sociology to provide cross-cultural understanding of issues as well as provide new paradigms that could address challenges confronting Nigeria and the world.

According to the university don, there was the need to annex the skills of experts in sociology to provide a holistic understanding of human society and proffer solutions to problems confronting it.

The Vice Chancellor, University of Ibadan, Professor Isaac Adewole, said the institution was ready to partner with University of Upsalla, Sweden to establish Ulf Himmestrand Institute of International Development (HIID) to foster intellectual exchanges between Nigeria and Sweden.

Emeritus Professor Ulf Himmestrand was the first Head of Department of Sociology, Ibadan in 1964.

The vice chancellor, who noted that that UI was ready to make available part of the money for the establishment of the institute, said the institute will focus on peacebuilding, international relations and other courses.

NLNG tops firms’ ranking

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IQUEFIED natural gas exporter Nigeria LNG (NLNG) is fourth in the ranking of 100 companies in Nigeria.

The ranking was undertaken by business development and marketing consultants, Jake Riley, in partnership with the Federal Ministry of Industry, Trade and Investment (FMITI).

International oil companies - ExxonMobil, Shell and Chevron - took the top three spots while NLNG came fourth, leading other Nigerian companies in the blue chip listing.

Other local and international establishments that made up the top 10 of the league table were Total Nigeria, MTN, Dangote Group, Oando, EniAgip and First Bank Nigeria Plc. Commenting on the achievement, NLNG’s Managing Director and Chief Executive Babs Omotowa, in a statement, said: “We recognise that this achievement of being the foremost Nigerian establishment in the latest ranking also places on us the responsibility to continue to remain the model company that shows how Nigeria can generate value from its abundant human and natural resources.”

Nigeria LNG, as the arrowhead of the Federal Government’s effort to end gas flaring, has successfully converted gas that would have been routinely burned off, into lucrative cargoes of liquefied natural gas, exported safely and reliably to customers in different parts of the world.

Earlier this year, NLNG paid corporate income tax (CIT) of N220 billion to the Federal Government, becoming the largest corporate tax payer. The amount accounts for some five per cent of the government’s revenue.

Dangote Cement for Cameroun

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ANGOTE Cement bags, the 3x Premium, will be introduced into the Camerounian market in January, a statement from the company said yesterday.

The General Manager of the Dangote Cement Plant, Baba Abdullahi, an engineer, said this while conducting Cameroonian reporters round the 1.5 million metric tonnes per annum capacity facility in Douala.

He added that the plant was already being test run, explaining that full production would start next month.

He said Dangote Cement would be deploying its “state of the art machinery and latest technology from the point of production to delivery to customers.”

He added that the company was known for employing the best practices in its operation.

According to him, the entry of Dangote cement in the Cameroonian market would contribute to the growth of the country’s economy.

According to him, “the management of Dangote cement is upbeat about the prospect of stimulating the construction and housing sectors of the economy of Cameroun.”

He stated that the country’s cement customers were anxious to buy the cement because the Dangote 3X 42.5 grade would be the first in the market that is produced locally.

7

THE NATION MONDAY, DECEMBER 22, 2014

NEWS Eight held for ‘tax evasion’ From Damisi Ojo, Akure

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FFICIALS of the Federal Inland Revenue Service (FIRS) have arrested eight management staff of companies in Ondo State for the non-payment of company income tax and Value Added Tax (VAT) to the government.

Some of the companies are owned by the state government; others are owned by corporate and private individuals.

FIRS Head of Legal Affairs, Southwest, Daniel Onukun, said the state owes the Federal Government about N100million.

According to him, the state-owned Owena Motels owed N44million. Other defaulting companies are BOMACK, Integrity Foams, Uwa and Bros and Adelak Hotels.

Onukun said some of the management staff have signed undertaking to pay their debts installmentally.

He said those who renege would be prosecuted.

Allegations against me frivolous, says VC

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HE VIce-Chancellor of the Federal University, Oye-Ekiti (FUOYE), Ekiti State, Prof. Isaac Asuzu, has described last Thursday’s protest by academic workers as “instigated”.

The workers were protesting alleged poor working conditions and Asuzu’s leadership style.

Asuzu described the allegations of corruption, lack of transparency, high-handedness, illegal deductions from workers’ salaries, imposition of outrageous taxes, selective promotion of staff and non-payment of allowances, as “ frivolous and flying in the face of common sense”.

At a briefing at the week-

From Odunayo Ogunmola, Ado-Ekiti

end, the VC accused the workers of conspiracy, saying they were being used by fifth columnists to destabilise the university.

Asuzu maintained that he had not done anything against the law, contrary to the claims of the protesters.

The VC said the workers’ demands contravened the extant laws governing the university’s administration.

Asuzu, who insisted that “things must be done properly”, said he could not afford to be sent to jail because he was protecting workers’ interests.

Shedding light on the alleged illegal deductions, the VC said they were done in line with the Personal Income Tax (PIT) law.

He said the law stipulated that the gross or consolidated salaries should be taxed; rather than the basic as agitated by the aggrieved workers.

According to him, the workers’ agitation that pension contributions should be based on the Consolidated Medical/Health Salary Scale , CONTISS and CONUASS with the exclusion of Rent Subsidy and Peculiar Allowance, contravenes Pension Reform Act. Acceding to the workers’ request, the VC said, would amount to illegality which he

would not subscribe to.

“We don’t have enough money to be paying all these demands and they have to show understanding”.

The FUOYE boss also pointed out that the Federal Government only fund Hazard Allowance for university health workers.

He said universities paying across board have been doing that from their Internally Generated Revenue (IGR).

Asuzu added that FUOYE lacked the capacity to pay “13th month salary” because of its lean financial resources and that such benefit was not funded by the Federal Government.

Residents protest 16-month blackout From Adesoji Adeniyi, Osogbo

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ESIDENTS of IpetuIjesa in Oriade Local Government Area of Osun State marched on the streets at the weekend to protest a 16-month blackout in Grammar School area.

The protesters said the electricity transformer developed a fault last year August and has not been repaired.

They carried placards with various inscriptions, claiming they complained to the Power Holding Company of Nigeria (PHCN) before the Ibadan Electricity Distribution Company (IBEDC) took over.

They lamented that the situation remained the same until August when the Licenced Electrical Contractors Association of Nigeria, Istepped into the matter, following the intervention of a resident, who they claimed donated money for the repair of the transformer.

The protesters alleged that 12 days after IBEDC released cables for the repair; the cables were stolen.

They said: “Since the privatisation of the power sector, we expect the investor to provide the amenities and demand their bill from consumers.

“Based on our findings, the management at Ilesa Business Unit is demanding that residents pay part of their bill but our people are angry over IBEDC’s non-chalant attitude to their complaint.

“We are calling on the IBEDC as a service provider, to provide a transformer and the necessary cables first.

“It can then demand its debt, which was put at N1.2 million.”

•From left: A party member, Chief Michael Akinfenwa, Alhaji Tajudeen Yusuf and Makinde at the event…yesterday PHOTO:FEMI ILESANMI IBADAN

INEC to Oyo PDP: Court has stopped your candidate •Makinde: PDP may not field candidate•Folarin: you are ranting

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HE governorship candidate of the Social Democratic Party (SDP) in Oyo State, Oluseyi Makinde, has said the Peoples Democratic Party (PDP) may not field a candidate in next year’s governorship election because of a lawsuit.

Makinde, who was a PDP aspirant, joined the SDP last Monday.

He spoke at the unveiling of the structure of his new party in Ibadan, the state capital, at the weekend.

The Independent National Electoral Commission (INEC) has written to the PDP National Chairman, Adamu Muazu, that a Federal High Court had restrained it from recognising any candidate who emerged from a primary, whose delegates differed from the one it ruled in favour of.

The letter, dated December 9 and signed by the commission’s Secretary, Mrs Augusta Ogakwu, urged the PDP to act in line with the court ruling.

The three-paragraph letter reads: “This is to confirm receipt of service of the Order of Federal High Court, Abuja, in respect of the above suit in which you were represented by counsel.

“The court restrained the commission from accepting, recognising or treating as nominated candidates of the Peoples Democratic Party, any candidate who did not emerge

From Bisi Oladele, Ibadan

in accordance with the order of the court. You may wish to be guided accordingly, please.”

Explaining why he joined the SDP, Makinde said he approached members of the PDP national leadership before the primaries and he was assured of a level-playing field.

He said they reneged on their promise because they worked in favour of Teslim Folarin.

The SDP candidate said the party refused to allow the right delegates to emerge through the ward congresses.

Makinde added that three of the five-member committee that conducted the ward congress endorsed the list of appropriate delegates but that the leadership chose to use a list allegedly prepared

by a particular candidate.

Consequently, Makinde said the litigations arising from the development may eventually ensure that the PDP does not have a valid candidate in the election.

He urged his supporters to work for the SDP’s success in the February election.

But Folarin described Makinde’s comments as the ranting of a defeated player.

The PDP candidate, who spoke through his spokesman, Victor Oluwadamilare, said yesterday that Makinde wants to eat his cake and have it.

According to him, the suit filed against his (Folarin’s) candidature by one of Makinde’s supporters would be thrown out because the latter has left the PDP. His words: “The problem

with Seyi Makinde is that he wants to eat his cake and have it.

“His suit will be thrown out because he has left the PDP. He can’t be in the SDP and be talking about the PDP. “The delegates who voted for Folarin have spoken. If the delegates had chosen him, he would not have been complaining.

“It is an internal crisis and if you have not exhausted the internal mechanism process before going to court, you will just be wasting your time. He is just ranting.”

On the INEC letter, Oluwadamilare said the commission did that only to show fairness to all parties, emphasising that the PDP would still reconfirm Folarin as its candidate.

‘No plenary on our campus’

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HE Ekiti State University (EKSU) has said its campus is not open to lawmakers to hold plenary.

In a statement yesterday, the management said the university is a community of scholars and teachers and should not be joined in “unnecessary political issues”.

Signed by the Registrar, Emmanuel Ogunyemi, the statement said the university remains apolitical and non-partisan.

The statement reads: “The attention of the Management of Ekiti State University, AdoEkiti, has been drawn to news reports by print and electronic media organisations over plans by the All Progressives Congress (APC) lawmakers in the Ekiti State House Of

From Odunayo Ogunmola, Ado-Ekiti

Assembly to hold plenary meetings on the campus.

“The university management wishes to inform the public that EKSU is not open to political meetings and we state unequivocally that no legislative meeting was held on our campus and no such meetings would be allowed to hold in the university premises.

“The university is a community of teachers and scholars and Ekiti State University is committed to excellence in teaching, learning, and research and should not be joined with unnecessary political issues.”

APC blasts Ondo Assembly From Damisi Ojo, Akure

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HE All Progressives Congress (APC) in Ondo State have criticised the House of Assembly for its failure to pass the Local Government Autonomy Bill.

A statement by the State Publicity Secretary, Abayomi Adesanya, said the Assembly was a stooge of the Olusegun Mimikoled executive.

The APC lamented that the wishes and aspirations of the members of the National Union of Local Government Employees (NULGE) in Ondo State have been dashed by the Assembly.

It said: “The action is a pointer to the fact that the Mimiko led-government is not concerned about the welfare of people.”

Adesanya assured the people that APC would produce credible lawmakers who would be proactive, dedicated and committed to the development of the state.

He urged the electorate to vote out the Peoples Democratic Party (PDP), which had rendered the legislature useless.

“Ondo Assembly has become an extension of the executive, APC lawmakers are intimidated by the Speaker Jumoke Akindele, who is acting out the script of the governor.

“What we are sure of is that by next year, our people will be delivered from the hands of this political pharaoh who has not allowed the “Sun of the State” to shine.”

Accreditation for Trauma Centre

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HE Ondo State government has announced the accreditation of its Trauma and Surgical Centre, Ondo, for residency training programme by the National Post Graduate Medical College of Nigeria.

A statement in Akure by the Commissioner for Information, Kayode Akinmade, said the accreditation certificate was presented to Governor Olusegun Mimiko at the weekend by the college president, Prof. Rasheed Arogundade, in company of the college registrar, Prof.

Oluwole Atoyebi.

Mimiko said the massive investment of his administration in healthcare delivery can only remain a sustainable benchmark for Africa, if the residency training programme is pursued with all sense of responsibility and commitment.

The governor said the centre has conducted over 500 major surgeries, including brain and spinal surgical operations.

He assured that the proposed Ondo State University of Medical Sciences would build on the enviable platforms already established to ensure the sustainability of qualitative healthcare system development.

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THE NATION MONDAY, DECEMBER 22, 2014

NEWS

Ekiti PDP, Speaker Omirin bicker over alleged corruption

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HE Peoples Democratic Party (PDP) in Ekiti State and the Speaker of the House of Assembly, Dr. Adewale Omirin, yesterday engaged in a verbal war over allegations of corruption.

This followed Omirin’s interview in a weekend paper in which he claimed that he and other lawmakers collect N200,000 each time they visit Governor Ayo Fayose shortly after his swearing- in.

The state PDP Chairman, Idowu Faleye, in a statement yesterday, challenged Omirin to explain the purpose of the money collected from the governor when the state was in a “financial mess”.

The state PDP boss described the Speaker’s action as a “fashion of corruption and indecency”.

But Omirin lambasted the PDP chairman for , according to him,quoting his interview out of context and making an issue out of nothing.

The Speaker said he only told the world the truth about what happened on their relationship with Fayose.

Faleye said anyone should know that “it is only a corruptible mind that collect such amount of money on every visit to the governor and still claim to be

APC lawmakers to Fayose: you can’t arrest us

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HE All Progressives Congress (APC) members in the Ekiti State House of Assembly have faulted an alleged directive from Governor Ayo Fayose calling for their arrest for holding a plenary in Ado-Ekiti, the state capital, last Thursday.

They claimed that the governor has directed the Ministry of Justice to write a memo authorising the commissioner of police to arrest them for conducting a sitting in which some resolutions were made.

The APC lawmakers maintained that they cannot be arrested for performing their constitutional duties, adding that they acted in line with Section 101, which allows them to sit in another location in the state capital, if their security cannot be guaranteed in the House of Assembly complex.

In a statement yesterday by the Speaker, Dr. Adewale Omirin, the lawmakers said political thugs have continued to lay siege to the Assembly complex and the situation has endangered their lives.

“The governor or the police cannot arrest us for performing our constitutional duty. Section 101 of the constitution makes it explicit that the House can From Odunayo Ogunmola, Ado-Ekiti

honourable”.

He also criticised Omirin and the All Progressives Congress (APC) caucus in the House of Assembly for the plenary held last Thursday outside the legislative

From Odunayo Ogunmola, Ado-Ekiti

regulate its activities, including conducting its sittings in public buildings in the state capital.

“The Supreme Court had also ruled that the House can conduct its sittings in public places in the state capital if conditions exist that endanger members in the conduct of their sittings.

“Governor Fayose has kept armed thugs permanently in the House of Assembly to attack us.

We can’t put ourselves in harm’s way, yet we have a responsibility to our constituents to make laws for good governance.

“This is why we followed the law to sit to consider issues on the ongoing constitutional amendment.

“Ekiti State has just one House of Assembly.

That is why the National Assembly acknowledged the receipt of our resolutions on the constitutional amendment.

“If they are sure of their status, let them approach the National Assembly or the Judiciary for recognition.” to stop a valid sitting held by the chambers. majority lawmakers to right the Faleye challenged Omirin to diswrongs and illegalities wreaked on close the location and time of the Ekiti people by Fayose and his sitting, accusing APC lawmakers goons. of resorting to “machinery of lies In a statement by his media aide, and brigade of blackmail”.

Wole Olujobi, Omirin alleged that But Omirin said Faleye was the PDP runs a corrupt speaking out of frustration and administration. failure of the PDP administration

He claimed that he (Omirin) and the APC lawmakers were offered N7 million each to defect to the ruling party.

The Speaker explained that the refusal of the APC lawmakers to collect the money was the genesis of their stand-off with Fayose.

Omirin said: “Who is more corrupt between a man who innocently told the public that the governor gave each member N200,000 and the one who gave N7 million to each APC member to defect to his party?

“What of the man who provided money to security men to protect members for illegal sittings in the House of Assembly?

“What of the man sending Ekiti State money to upgrade his hotel on the guise that he is not living in the Government House, whereas he has been living in the complex for a long time?

“Are the Christmas gifts he purchased commensurate with the funds taken from workers in addition to millions taken from government coffers for the same purpose?

“Have these people told us what they did with the N1.3 billion poultry project money that never produced an egg?”

Eschew sins, Adeboye advises

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HE General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has advised Nigerians and those in authority to distance themselves from sin and all forms of ungodliness.

Pastor Adeboye gave the admonition at the annual Christmas Carol Service organised by the Oyo State government at the Agodi Resorts and Conferences, Ibadan, at the weekend.

The General Overseer described Jesus Christ as the harbinger of good news to the world, stressing that His birth had brought freedom to those in bondage and salvation to the sinners.

From Tayo Johnson, Ibadan

The cleric, in his sermon entitled: “For unto us a child is born’’ said the birth of Christ was meant to liberate the world.

He blessed the state and the people who attended the service.

Governor Abiola Ajimobi described Christmas as tenderness for the past, courage for the present and hope for the future.

While reiterating his belief in the imagination of possibility, he called on the people to live with the fire of possibility, stating that his vision was to make Oyo one of the best states in Nigeria.

Hoodlums attack church

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OME hoodlums invaded yesterday the Christ Apostolic Church (CAC), Pillar of Fire, at LA Primary School area of Akure, the Ondo State capital, during service.

They allegedly flogged the pastor and church members.

The thugs, who came to the church on motorcycles, were also said to have destroyed some items, including chairs, clock, windows and electrical appliances.

An eyewitness said policemen,

From Damisi Ojo, Akure

who came to calm the situation, arrested some of the hoodlums but were attacked by a mob, which rescued the thugs. A policeman was stabbed in the neck.

A rival pastor within the vicinity was said to have sponsored the attack.

Police spokesman Wole Ogodo said details of the incident were still sketchy. He said the command was still investigating.

Kumuyi: 2015’ll be year of God’s visitation

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HE General Superintendent of the Deeper Christian Life Ministry, Pastor William Folorunsho Kumuyi, has declared that 2015 is the year of God’s visitation. He said God will give His people cause to celebrate in the new year.

“God will visit you in the New Year; of everything holding you down, the Lord will break it. You will step into your promised land,” he said.

Pastor Kumuyi made the declaration at the church’s National December retreat held at the Deeper Life Conference Centre (DLCC), Km 42 Lagos/Ibadan Expressway, at the weekend.

He said: “Things will turn around in your life. It is not what you saw yesterday, it is not what you see today, a brighter day is coming; the coming days for you will be better than the good old days. The things of the past may be wonderful, the things of today will more wonderful.”

The cleric urged all not to be like the complaining, critical and murmuring Israelites in the Bible. Instead,

they must know “something better is awaiting them in the present day.

Things are going to be better at this time,” he said, quoting copiously from the scriptures.

He further urged all not to meditate on the past, but “look forward for a new day, with new promises from the Lord”.

Pastor Kumuyi also urged Nigerians not to magnify present and past crises, but rather magnify the promises and plans of God. “For you to know that God has come to visit His people; nothing will stop you onward journey. God has not written you off. God has not forgotten you. There is a glorious day awaiting you; things will turn around… the bright future is starting today.”

Pastor Kumuyi also strongly admonished his teeming adherents and other sincere seekers across the world to take insightful look into their lives and prepare for life beyond now; according to him, the return of the Lord is imminent.

•From left: A member of the Editorial Board of The Nation, Rev Mobolade Omonijo, his wife, Ayobami, Bishop of Lagos West Anglican Communion, Rev James Olusola Odedeji, his wife, Lydia and Chancellor, Archbishop Vining Memorial Cathedral Church, Babasola Opeoluwa Ogunade at Omonijo’s ordination at St. Peters Anglican Church Idimu, Lagos.

PHOTO: OLUSEGUN RAPHEAL

‘Osinbajo was chosen collectively’

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HE Minority Leader of the House of Representatives, Femi Gbajabiamila, has debunked insinuations that the National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu, was responsible for Prof. Yemi Osinbajo’s emergence as the party’s vice presidential candidate.

He said in a statement yesterday that the choice of Osinbajo was collectively taken by the party hierarchy.

The opposition leader opined that it was more politically expedient to delegate power to a known and proven intellectual and political strategist rather than abdicate presidential responsibilities to four other unelected individuals who now serve as unofficial presidents.

The statement reads: “The integrity of APC presidential candidate, Gen. Muhammadu Buhari, is unassailable and it has

From Victor Oluwasegun and Dele Anofi, Abuja

been proven overtime.

“To add excellence to the bottom of the ticket in the person of Prof Yemi Osinbajo leaves Nigerians with a clear choice and perhaps with no choice when both parties’ tickets are stacked against each other.

“The choice of Prof. Yemi Osinbajo is indeed a political masterstroke, from perhaps the best political strategist in modern day Nigeria and of our time, Asiwaju Bola Tinubu.

“I have known Prof. Osinbajo for over 40 years right from my secondary school days when he was my senior and to my university days when he was one of my law lecturers.

“A gentleman and academician per excellence, they don’t come any better. I want to specially commend our national leader who exhibited good leadership, dexterity, and political

deftness, all in one fell swoop.

“To those on the other side of the divide who in the absence of anything substantial to argue, cry that General Buhari delegated his responsibility of picking the vice presidential candidate to Tinubu I have this to say.

“In modern day politics and in a democratic party the selection of a vice presidential candidate is always a collective.

“But more importantly and in any case I would rather delegate to a known and proven intellectual and political strategist of Asiwaju’s stature than delegate or even as it appears in this case abdicate presidential responsibilities to four other unelected individuals who now serve as president number two, president number three, president number four, president number five as their presidential candidate has done and as corroborated in a former president’s most recent book. Now let the race begin in earnest.”

THE NATION MONDAY DECEMBER 22, 2014

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NEWS Tinubu gets kudos for APC: how Jonathan betrayed Buhari/Osinbajo ticket Niger Delta on amnesty T T HE All Progressives Congress (APC) has said President Goodluck Jonathan betrayed the Niger Delta people by refusing to fully implement the agreement signed by the late President Umaru Musa Yar’Adua, as part of the amnesty deal to end the Niger Delta crisis.

It said the choice of Prof.

Yemi Osinbajo as the vice presidential candidate was a choice made by God to scuttle the plans of the Peoples Democratic Party (PDP) to use the Muslim/Muslim ticket as a campaign weapon against the APC. The Deputy National Publicity Secretary of the party, Comrade Timi Frank, told reporters that the people of the Niger Delta were disappointed that their son failed to fully implement an agreement signed by the Yar’adua government to transform the Niger Delta, but only chose to implement one aspect of the agreement.

He said the people of the Niger Delta, especially the Ijaw, were impoverished under the Jonathan government than

From Tony Akowe, Abuja

under any northern President.

His words: “Under the Jonathan government, the Ijaw have become impoverished and undermined than under a northern President. I can tell you how we got the amnesty programme. Some of the things that were agreed upon as part of that programme have not been implemented.

“It is not just sending people abroad for training that is the amnesty agreement. If you don’t know, I can tell you this because I was involved and I know everything. If you have the time and wants me to say it, I will say it because some of these things are what they are hiding and don’t want the public to know. I’m not scared of anything. I must speak the truth.

“If they had gone to tell the ex-militants and our people to come out and drop their guns so that they will be trained, none of them would have done that. There were some other

bigger agreements that Umaru signed.

“There is a signed document on that. There were promises that were made by Umaru because he did not just make it as a promise. He made those promises because he wanted to do them for the people of the Niger Delta, as he felt this was his right and was determined to resolve the crisis.

“But today, as I speak, all of those, under their son from Bayelsa, from the Niger Delta, have been buried. I understand that when they discussed some of these things that Umaru signed with the President, he kicked them away, telling them he wouldn’t do it.

“Tell me, how can any credible Niger Delta man vote for him?

“There was an agreement between Umaru and the people of the Southsouth to build mass housing units in the states of the Niger Delta, to compensate them. Today, where is the mass housing units?

“Today, where is the coastal road Umaru promised our people, assuring that he would award the contract as soon as the militants came out of the creeks? As we speak, the coastal road is not there because the government said they don’t have money to do that.

“So, if somebody from the North could give us these kind of promises we have never seen before and he was determined and ready to do it and died in the process and an Ijaw took over that office, the first thing the people of the region expect him to do is to hide under those promises and do those things with the excuse that he was not the one that made the promise, but the man before him and that he is only following his footsteps, but not to come and do worse.

“There is a time bomb in our region because if the local people do not get what belongs to them, there is a problem. I have confidence that if today, Jonathan wins Bayelsa State, it will be by rigging and not by votes.”

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•Executives to be inaugurated today

By Tokunbo Ogunsami

How to develop Nigeria

•Obi, his wife Margaret (left) and their-children, Amaka and Eloka after Obi’s investiture...yesterday

cess. “When he was busy safeguarding the state’s money, insisting on prudence, some people said he was frugal, but today, the beauty of what he did in the state are being appreciated by everybody,” Rev. Okeke said.

On the fruits of his good governance, he said besides having one of the best and functional health care in the country, “Anambra comes first in external examinations conducted by the West African Examinations Council (WAEC) and the National Examinations Council (NECO) because of Obi’s efforts.”

President Goodluck Jonathan, represented by Senator Ben Obi, said the honour confirmed that the Federal Government did not make a mistake in ensuring that Obi remained part of them in many ways.

Obi, who thanked those present, dedicated the award to Bishop Paulinus Ezeokafor, his wife and people of goodwill.

Prominent Nigerians, including former Vice President Dr. Alex Ekwueme, Anambra State Governor Willie Obiano, Abia State Governor Theodore Orji, Prof. ABC Nwosu, among others, attended the event.

Nsukka indigenes endorse Ezea for governor NDIGENES of the old Nsukka zone living in the diaspora have endorsed the candidate of the All Progressives Congress (APC), Okey Ezea, for the governorship of Enugu State.

They spoke in a statement under the aegis of the Nsukka Progressives Union (NPU), titled: “Endorsement of APC governorship candidate in Enugu State”.

The three-paragraph statement, signed by the secretary, reads: “We, members of Nsukka people in Brazil, formally endorse the candidate of the APC in Enugu State,

Christian groups decry CAN election

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ference, such as staying at the back when he came late to church, not using siren, not travelling with many aides and mingling with everybody without showing the consciousness of one who was in power.

The cleric, who said Obi was a good example that the relationship between the church and the state should be that of mutual benefit and not antagonism, hailed his prudence, sense of propriety and insistence that things must be done properly, saying they were qualities, which helped him to succeed and would help anybody desirous of suc-

From Chris Oji, Enugu

Chief Okey Ezea.

“After series of consultations, we decided to endorse him, being an astute leader with a vision.

“We are not considering party but personality and future of our state.”

Ezea said he was humbled by the support from his brothers in the diaspora.

He said: “By this stand, they have shown that they want nothing but the best for their state.”

The APC governorship candidate said Enugu should not be left behind in the wind of

change blowing across the country, stressing that the people deserved better than they got in the last 16 years of PDP rule.

Ezea said: “From 2007, PDP government in Enugu State has collected N544 billion. If you look round the state, from Enugu to Oji River, from Enugu to Awgu, from Enugu to Nsukka, is it like a place they have spent N544billion?

Yet, we cannot provide free education.”

He said he would provide details of local government allocation to the state for APC members so that they would

By Tokunbo Ogunsami

sustenance of democracy. He also congratulated Gen. Buhari and Osinbajo for their emergence.

Ogedengbe said: “There is no doubt that the prayers of millions of Nigerians have been answered by God. It is God that puts rulers on the throne. If He wants to answer people’s prayers, it will be done through the enthronement of good leaders.”

The ACLMF president, who is also the founder and general overseer of the Overcomers Pentecostal Assemly, pledged the support of his members and other Christians to the duo and other APC candidates in their aspirations to bail Nigerians out of its problems.

HE leadership of the Christian Council of Nigeria (CCN) and the Roman Catholic Secretariat of Nigeria have protested the election by the Christian Association of Nigeria (CAN), Lagos State branch.

They said they disagreed with the election, which they alleged was conducted among three groups- the Pentecostal Fellowship of Nigeria (PFN), ECWA/TEKAN and the Organisation of African Institute Churches (OAIC), leaving out CCN and the Roman Catholic Secretariat of Nigeria.

The Chairman of the state’s CCN, the Very Rev. Stephen Adegbite, described the exercise as inappropriate, a charade and a betrayal of trust, saying he could not call that an election but a selection.

His words: “The election was inappropriate, a charade and a betrayal of trust by the organisers. I can’t call that an election. It was a mere selection. The scenario can be described as an embarrassment to the CCN, Roman Catholic and the entire Christian organisations in the country.”

Rev. Adegbite condemned the emergence of Apostle Bamgbola of the PFN as chairman, Elder Israel Akinadewo of the OAIC as general secretary and Rev. E. Oguntosin of ECWA/TEKAN as the vice chairman.

He said the election was invalid and should be cancelled and a fresh one conducted, which should involved all Christian bodies.

The election, which was conducted under the supervision of the National Secretary of CAN, Rev. Musa Asake, last Wednesday, was intended to end the leadership tussle.

The executives will be inaugurated today at ECWA Church, Mushin, Lagos.

Why Pope honoured Obi, by cleric HE Catholic Bishop of Awka Diocese, Most Rev. Paulinus Okeke, said the Universal Church, through Peter Obi’s local Diocese of Awka, honoured the former Governor and the Commissioner for Works, Callistus Ilozumba, an architect, with the Papal Knighthood of St Sylvester, for the work they did in Anambra State.

He spoke yesterday at Obi’s investiture at St Patrick’s Cathedral, Awka.

The Bishop said: “God is willing to use us as His instrument, provided we cooperate with Him as Virgin Mary cooperated with him.”

Citing Obi as one person in the position of power, who allowed himself to be used by God for the betterment of the society, the Prelate said before him, it was as if Anambra State was abandoned to barbarians, adding that with the coming of Obi, things improved.

He said as a Governor, Obi was exemplary in many ways, including those little things that made a great dif-

HE Coordinator of the Christian Conscience and the National President of the All Christian Leaders & Ministers Forum (ACLMF), Dr. Sam Ogedengbe, has hailed the National Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu and the leadership of the party for their roles in the choice of its presidential candidate, Gen. Muhammadu Buhari and his running mate, Prof. Yemi Osinbajo.

Ogedengbe, in a statement by his media aide, Elder Cornelius Olopade, said the choice of the duo was commendable and a sign of good things to happen in the country.

He praised Tinubu for his sacrifice, contributions to the development of APC and

show it to traders across the state, who had been deprived of amenities and infrastructures despite the billions of naira accruing to the state.

The governorship candidate urged the people to embrace change, noting that in Imo State under an APC government, children enjoyed free education and free meal.

Ezea recalled that in 2007, he won and they denied him victory.

“I thank God that a new Independent National Electoral Commission (INEC) exists today, which has promised to conduct a biometric election.”

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NLESS Nigerians shun a lifestyle of lies and deception, the nation cannot move forward, a promoter of a new Nigeria, Mr. Tunde Araoye, has said.

Araoye, an engineer and the promoter of the Love of Fatherland Initiative (LFI), said a new Nigeria was attainable if the citizens lived a godly lifestyle in which truth, trust and honesty were the hallmarks.

He spoke in Lagos at the launch of a five-point work list, which he said the LFI was planning to promote across the country in 12 zones.

Araoye said it negated the law of harvest to do things the same way “and expect different results.”

According to him, truth and trust were two sides of a coin, adding that there could not be peace and progress once the sides were taken over by lies and deception.

His words: “Nigerians want an honest leadership, while the average citizen is dishonest. They want an engineer to render the services of a doctor without a re-orientation. It is a malignant disease affecting the country.

“Truth and trust are two sides of the same coin and they lead to societal peace and progress. Where these two are missing, there will be distrust among the people and without trust, no nation can progress.”

Araoye listed five principles that would guide the country to greatness.

ROFWOL marks 12th anniversary S part of the activities to celebrate its 12th anniversary, the Rock Foundation for Widows, Orphans and Less Privileged (ROFWOL), a foundation that seeks to help the underprivileged, will on Sunday hold a thanksgiving service and dedication of its office at 19, Araromi Street, off Moloney Street, Obalende, Ikoyi, Lagos.

The Group Executive Director, CHIKASON GROUP and Executive Coordinator, Favour Chika Okafor, an engineer, said the non-government organisation (NGO) survived this long because it was driven by the passion of

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helping the needy, adding that it was not an avenue for self-aggrandisement.

She thanked all who supported the organisation over the years, saying they were determined to make the difference in the society.

•Okafor

THE NATION MONDAY, DECEMBER 22, 2014

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NEWS

Six killed in Cross River road accident

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IX people died at the weekend in a road crash on the CalabarAkamkpa Highway in Cross River State.

A Toyota Picnic car, with six occupants, had a head-on with a Toyota Hiace bus near an Army checkpoint in the area.

Everyone in the car died.

It was gathered that the minibus was travelling from Akamkpa to Calabar, the state capital. The bus was travelling in the opposite direction.

The driver of the Picnic,

From Nicholas Kalu, Calabar

whose name could not be ascertained at the time of filing this report, worked in Calabar every morning, a drive of about 45 minutes.

It was learnt that he usually picked passengers from Akamkpa on his way to work.

On the day of the accident, he had passengers with him as usual.

A resident, who gave his name simply as Ekpenyong, said he was in the vicinity when the accident occurred.

According to him, there was a bang when the accident happened.

Ekpenyong said when he arrived on the scene, the Picnic was crumpled.

He said: “I don’t know who was wrong in the accident. I don’t know who caused it. I heard the noise and came out to see what happened. I saw the vehicles by the road side.

The Hiace caught fire immediately.”

Ekpenyong described the accident as mysterious.

A source at the Federal Road Safety Corps (FRSC),

who spoke in confidence, explained that while everybody in the Toyota Picnic died on the spot, the driver of the Toyota Hiace bus could not be found.

A soldier at the checkpoint, who also pleaded not to be named, said: “The bus just passed us, not too long before the accident. There was only one person inside, which was the driver. But when the bus was checked after the accident, there was nobody in the bus. Everyone in the Toyota Picnic died. Nobody knows the driver of the bus.”

•From left: Rivers State Governor Chibuike Amaechi; Deputy Governor Tele Ikuru; Rivers All Progressives Congress (APC) governorship candidate, Dr Dakuku Peterside and his wife, Elima, at a praise to God and dedication of the mandate of the APC PHOTO: NAN governorship candidate in Port Harcourt ... yesterday.

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HE Delta State chapter of the Peoples Democratic Party (PDP) is in disarray over the outcome of primaries for various offices, including the National and state assemblies.

The choice of a running mate for the party’s governorship flag bearer, Senator Ifeanyi Okowa, is also generating frictions among key players.

It was learnt that the deputy governorship slot had been ceded to the Ijaw. This allegedly angered Isoko over their perceived relegation in the party’s affairs, particularly as the Ijaw had also got the senatorial slot through Senator James Manager.

In Delta Central, the Urhobo are unhappy about the alleged directive of President Goodluck Jonathan that delegates should deliver Okowa, from Delta North, against Chief David Edevbia, who was Urhobo’s choice.

Investigation by our correspondent revealed that although the primaries are over, winners are still anxious because of ongoing substitution of names by PDP’s National Working Committee (NWC).

It was gathered that the ticket of a candidate for the

Chaos in Delta PDP over primaries, name substitution From Shola O’Neil, S’South Regional Editor, Port Harcourt

House of Representatives in Delta North had been “awarded” to one of the losers in the governorship primary, even though the beneficiary did not contest the December 6 primary.

Also, it was learnt that House of Assembly Speaker Victor Ochei was angling for a senatorial seat as compensation, after coming third in the governorship primary.

The December 9 contest for the Delta North senatorial ticket of the party was thrown into controversy, following the invasion of the

venue by thugs allegedly working for one of the aspirants.

A former PDP chairman in the state, Chief Peter Nwaoboshi, who was the clear leader from the results of seven of the nine local government areas counted before the imbroglio, declared himself winner of the contest.

He had warned that he would be forced to consider his “options” following alleged undue interference of the NWC and the national leadership of the PDP, which reportedly preferred Mrs Marian Ali, wife of the party’s former National

Chairman, Dr Ahmadu Ali. Worried by the development, a leader of the party from the Delta Central Senatorial District and a former minister, who spoke in confidence, told our correspondent that there were concerns that the party could go into the next election in disarray.

He said: “The cohesion and unity we have seen in Delta PDP over the past few years is now in tatters. We are in complete confusion, and this can play into the hands of the opposition in the presidential and other elections in the state.”

Six killed in Edo cult clash

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IX persons have been killed in various parts of Benin, the Edo State capital, following a renewed cult clash at the weekend.

One was shot in the legs.

He is receiving treatment at an undisclosed hospital.

Two were killed on Erediauwa Road at Upper

From Osagie Otabor, Benin

Sakponba in Ikpoba Okha Local Government Area.

Two others were killed near New Benin Market, on New Lagos Road. Two more were killed on Ewah Road.

Police spokesman Joseph Edogiawerie, a Deputy Su-

perintendent of Police (DSP), confirmed the killings.

But he said he was aware of those killed at Upper Sakponba.

Joseph said some people had been arrested in connection with the killings, adding that the police were still investigating the incident.

Amaechi berates PDP, Wike for ‘desecrating’ Akpor kingdom •Ex-minister: Governor lying against me

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IVERS State Governor Rotimi Amaechi has urged the people of Akpor Kingdom not to vote for the Peoples Democratic Party (PDP) and its candidate, Chief Nyesom Wike, in next year’s elections for allegedly desecrating the Akpor Kingdom.

The kingdom is a stronghold of the Ikwerre ethnic nationality.

Amaechi spoke at the weekend when he visited the Nyenwe-Ali Akpor Kingdom, Eze A. A. Orlu Oriebe.

The visit coincided with the launch/foundation stone-laying of the proposed Akpor Traditional Centre at Ozuoba in the Obio/Akpor Local Government Area.

Amaechi promised to recognise the traditional stools in the Obio/Akpor Local Government Area before the expiration of his tenure next May. He said: “On my table, there are so many requests for the recognition of traditional stools. I know that the Akpor kingdom occupies a high place in the Ikwerre ethnic nationality. Your people have a duty to protect the people occupying the traditional stools. Mgbueto stool will be recognised for the benefit of

the people in that kingdom in Obio/Akpor.”

Amaechi said: “You must start now to build APC and massively mobilise for the party ahead of the 2015 elections. This is because I have done enough for the people of Akpor kingdom. My administration fixed the OzuobaChoba road. I even awarded 14 classroom blocks to Wike at the cost of N112 million each. But, as you can see, he has not built even a building.

He worships money while I worship God.” But, Wike, in a statement by his media aide, Simeon Nwakaudu, last night denied Amaechi’s allegation. He challenged the governor to prove the allegation, adding that he should stop repeating the lie.

Eze Oriebe acknowledged that Amaechi was the first governor to visit his palace.

He said: “I appeal to you and wish to state categorically that no amount of intimidation or suppression will make me deviate from supporting Amaechi. I have been facing a lot of opposition from the PDP. Thank God, the governor has upgraded the Akpor stool to first class. Please, also consider other neighbouring communities.”

Peterside calls for issue-based campaigns •APC candidate seeks unity among supporters

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IVERS State All Progressives Congress (APC) governorship candidate Dr Dakuku Peterside, has urged the candidates of other parties to focus on issues rather than resort to name-calling and spiteful comments.

Peterside spoke at the weekend in Port Harcourt, the state capital, at the grand finale of Rivers State Annual Cultural Festival, christened: CARNIRIV. The APC candidate, who represented Governor Chibuike Rotimi Amaechi, also urged APC supporters to unite and reject other candidates who have no programme for the state and its people.

He said: “You know that if we don’t work together, some other persons, who are interested in something else other than service; some other persons, who are interested in the state’s purse; some other persons, who do not fear God, will come and destroy our heritage and endanger our future. We must not allow them to destroy our future and the future of our children.

“We know them by their conducts and comments.

When they go to campaign,

they will not say what they have done or what they will do for Rivers people. They only use such platforms to criticise and attack personalities. But we do not have such time.

“At every opportunity, we tell you how we will improve the lives of our people. We tell you how we can give you hope; we tell you how we can sustain the legacies of the current administration and improve on it. It is our promise that when you elect an APC government to take over from Governor Amaechi, we will spend every second, every minute, working for you, working for a prosperous Rivers State.

“On my honour, I pledge that we will use every second in that office working for your own good, keeping your interest above our personal interest and, above all, ensuring that you are a top priority of Rivers State Government. Therefore, join us on this journey.

And as you do, I want to say: may God bless all of you!”

Peterside, who watched the colourful dances of the contingents of local government areas at the carnival, acknowledged Amaechi’s commitment to human capital development, improved lives and world-class infrastructure.

Ijaw youths threaten to attack Buhari’s supporters

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JAW youths threatened yesterday to attack supporters of All Progressives Congress (APC) presidential candidate, Gen. Muhammadu Buhari, in the South.

The youths said they would visit Buhari’s Southern supporters with violence, if loyalists of President Goodluck Jonathan are attacked in the North.

The youth, under the aegis

From Mike Odiegwu, Yenagoa

of the Ijaw Youth Council (IYC) Worldwide, said they took the decision after reading reports that some people in the North had resorted to sending threat messages to pro-Jonathan governors and other supporters.

The youth, in a statement by their spokesman, Mr. Eric Omare, condemned the alleged threats.

They said it was an indication of the desperation of Gen. Buhari and his supporters.

Describing the development as undemocratic, IYC said the alleged threat from a ranking member of the National Assembly was an invitation to anarchy.

It said: “All Nigerians, irrespective of his or her place of origin, has a right to contest for the Presidency of Nigeria

and Nigerians have a right to support any candidate of their choice without molestation.

“It would be recalled that hundreds of Nigerians, especially National Youth Service Corps (NYSC) members were killed and property worth millions of naira destroyed in the aftermath of the 2011 elections as a result of similar undemocratic disposition of some elements in the North.”

The youth warned violent persons in the North to stop their conducts ahead of the 2015 elections.

IYC said: “We of Southern Nigeria have not, at any time, threatened or attacked supporters of General Buhari; hence, any threat or attack on supporters of President Jonathan in the North would be visited with proportionate action from us in the South.

“Governors Rotimi

Amaechi (Rivers), Rochas Okorocha (Imo) and Adams Oshiomole (Edo); former Bayelsa State Governor Timipre Silva; APC National Chairman John OdigieOyegun; APC National Leader Bola Tinubu and other supporters of General Buhari in Southern Nigeria are going about their campaigns for General Buhari without any molestation from Southerners.

THE NATION MONDAY, DECEMBER 22, 2014

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NEWS

Saraki to Nigerians: cast your votes without sentiment •Buhari/Osinbajo ticket ‘ll restore Nigeria

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ORMER Kwara State Governor Bukola Saraki has urged Nigerians to eschew sentiments in the 2015 general elections.

Saraki, a senator and chieftain of the All Progressives Congress (APC), noted that the victory of the Gen. Muhammadu Buhari/Prof Yemi Osinbajo ticket in next year’s presidential election would restore Nigeria.

The senator representing Kwara Central, who addressed reporters at the weekend in Ilorin, the state capital, said: “We have now removed religion. Let us look at the candidate, access their character, their capacity, their ability to fight issues that are important. This is not about

Rep dumps PDP for APC From Ahmed Rufa’i, Dutse

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MEMBER of the House of Representatives, representing Birninkudu/Buji Federal Constituency in Jigawa State, Alhaji Muhammed Sabo Nakudu, has said he dumped the Peoples Democratic Party (PDP) for the All Progressives Congress (APC) because the PDP lacks internal democracy, fairness and justice.

The lawmaker spoke at his first outing with his supporters, following his defection to the All Progressive Congress (APC).

Addressing scores of his supporters and executive members of APC in Dutse, the state capital, Nakudu said: “We took the decision because of our concern on the national interest and the PDP attitude of a lack of internal democracy, unfairness and injustice.”

The lawmaker said he left the PDP with his supporters, including a former chairman of Birninkudu Local Government Area, two-time Buji Local Government Area’s chairmen Sani Abdu Jigawa and Barau Abdullahi Gambasha.

From Adekunle Jimoh, Ilorin

sentiment, it is about Nigeria; it is not personal.

“General Buhari and Prof Osinbajo are people who want to restore Nigeria. These are not individuals that are going there to make a mess of themselves.

They are going there to restore and make Nigeria better.

“Now, the difference between APC and the Peoples Democratic Party (PDP) is clear in the way we conducted our primaries. The way we picked our candidates and the way they emerged. PDP had wanted the elections to be about religion. Now, there is no religious issue. PDP has a Christian and Muslim on the ticket, APC has a Muslim and a Christian on the ticket.

“The emergence of the APC presidential and vice presidential candidates shows the kind of party that we have. If you go back to about nine months ago, some of the stories that were being given by the PDP were

that APC will break; that the party is about people with self interest, a party that is interested in is ambition.

“When it came to the issue of vice president you all saw again what transpired. The sensitivity of issues of like religion, give and take and integrity were the factors that played the key role.

If it was about self ambition, capacity of resources and political structure, you know who would have been the vice president, but these are people who are ready to make that sacrifice.

Truly APC is showing that it is an amalgam of people that can make sacrifices. It is a party that really wants to move Nigeria forward.

“That the party cannot go to a convention or primaries without collapsing; that there will be no unity etc, you all saw democracy at it best; you all saw in the primary how delegates came out in drove to vote. The primary was very transparent and everybody that participated accepted the outcome of the re-

sult and those that lost also gallantly approved and recommended and gave their support to the winner.

“And the party shows unity, it shows it not a party of selfish individuals but a party with people that have the mission to save Nigeria. The presidential primary witnessed internal democracy at its best.

You saw what happened at the state primaries across the country. I don’t think there is any state in the entire 36 states in the APC where there were parallel congresses, unlike in PDP where there were parallel congresses, parallel results and parallel result sheets. In some places we have three or four results sheets.

“For some of us who used to be in the PDP we were stunned at what happened that in some states they had two to three congresses and up till now some are still in court disputing the results.

“It was even in APC that you would have expected this kind of breakdown, but instead of that, despite all the issues you can see that in most of the state’s primary election results were declared on the spot. It shows you that APC is a party that is ready to serve because the interest of Nigeria and the processes of democracy come first as opposed to selfish interest.”

•Kaduna State Commissioner for Finance, Alhaji Sumaila Aliyu (right), inagurating the second auditorium of the Kaduna Business School, during the third matriculation of the school in Kaduna ... yesterday.

With him is the Rector, Dr Dahiru Sani.

3,000 PDP defectors join APC in Sokoto

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VER 3,000 members of the Peoples Democratic Party (PDP) in Sokoto State yesterday dumped the party for the All Progressives Congress (APC).

The defectors were mainly from Isa Local Government Area, the home front of former governor Attahiru Dalhatu Bafarawa, a PDP chieftain.

Receiving the defectors in

From Adamu Suleiman, Sokoto

Isa town, the state APC Chairman, Usman Danmadamin-Isa, hailed them for choosing a more reliable political path.

He said: “It is a thing of joy as you immediately realise where you can have a sense of belonging for your future, not where you are left to guessing for survival.”

Danmadamin-Isa noted that the defectors’ decision was akin to leaving darkness for light.

The APC chairman said the PDP was at the verge of disintegration in the state, adding that its members were deserting the party in large number in the 23 local government areas.

He said the PDP was a symbol of political doom whose national leadership

were creating divisions among Nigerians through the politics of religion and ethnicity.

Usman Danmadamin-Isa blamed the PDP for not tackling insurgency and for the killings in the North in the last three years.

The APC chairman said it was only Gen. Muhammad Buhari that has the capacity to tackle the security bedeviling the country.

Reject December salary, NLC tells Kogi workers

T

HE Kogi State chapter of the Nigeria Labour Congress (NLC) has directed civil servants in the state to reject their December salaries to protect the jobs of over 6,000 workers slated for sack by the government.

The NLC gave the directive yesterday in Lokoja, the state capital, in a communique issued at the end of the meet-

ing of its executive committee.

The communiqué was signed by James Odaodu (Chairman) and John Kolawole (Secretary).

It noted that the leadership of the NLC was piqued by the arbitrary removal of the names of over 6,000 workers from December pay roll.

The NLC added that the only way to protect the inter-

est of the affected workers was for the entire workforce to reject this month’s salaries.

Congress accused the Commissioners for Finance, Budget and Planning and the Accountant-General of ‘hijacking’ the job of the committee constituted by government to implement the report of the recent screening of the state work force.

It urged the officials to

‘hands-off’ to ensure “thorough implementation” of the report of the exercise.

While appreciating the government for involving labour in efforts to sanitise the state civil service, the NLC frowned at what it called “selective” implementation of the report of the screening.

“We condemn the plan by government to implement part of the report.”

Why we rejected PDP primary results, by Maku’s group

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HE Maku Campaign Organisation has rejected the Nasarawa State governorship primary of the Peoples Democratic Party (PDP).

It described the December 8 primary at the headquarters of Nasarawa Local Government Area as “a ruse which cannot stand the test of integrity”.

A statement by the organisation’s Publicity Director, Yusuf Zakari UkpoEdego, said: “The entire process of the election was full of frustration due to sudden change of the venue without prior notice.”

The statement added: “The election panel chairman an-

By Sulaiman Salawudeen

nounced 1,100 voter cards to be used for the election as against the 601 delegates for the governorship primary, thereby giving room for manipulation of the electoral process. Most of the delegates were also intimidated to vote for a particular aspirant against their wish.

“In view of the above, the Maku Campaign Organisation hereby appeals to the PDP Governorship Appeal Panel in the state to use its good office to address these anomalies in the interest of our party and the success of the 2015 general elections in Nasarawa State.”

‘Missing 219 Chibok girls are targets’

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MEMBERS of the #BringBackOurGirls (#BBOG) have warned the government against sweeping the abduction of the over 200 Chibok schoolgirls under the carpet.

They said the girls had been in captivity for over eight months, adding that even the most strong-willed person could easily get influenced within such a period.

The campaigners noted that the 219 girls still missing were potential targets for their abductors.

They said it was surprising that the government had re-

From Grace Obike, Abuja

fused to take the issue of the Chibok girls seriously and what the country is up to.

A member of the group, Maureen Kabrik, spoke yesterday in Abuja at the usual venue of the campaigners calling for the rescue of the over 200 Chibok schoolgirls.

Ms Kabrik said: “If they continue to sweep everything under the carpet in this country, with this level of insurgency, you stand to wonder and ask yourself what this country is up to.”

Ortom picks Benson Abounu as running mate •APC reaffirms candidate’s nomination

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ENUE State governorship candidate of the All Progressives Congress (APC), Dr. Samuel Ortom, has picked a former Commissioner for Water Resources in the George Akume administration, Benson Abounu, as his running mate.

Ortom’s choice came as the party reaffirmed his nomination as its candidate.

Abounu hails from Otukpo-Icho community in Otukpo Local Government Area, the home of the Senate President David Mark. He is a close ally of former governor and Senate Minority Leader George Akume, who

From Uja Emmanuel, Makurdi

doubles as leader of the party in the state.

Benue State APC reaffirmed Ortom’s nomination as the party’s governorship candidate in the 2015 election.

In a statement in Makurdi, the state capital, by APC State Chairman Abba Yaro; Publicity Secretary Baba Ayemti and Organising Secretary Titus Zam, the party said its national headquarters in Abuja had formally forwarded the former Minister of State’s name to the Independent National Electoral Commission (INEC).

IHRC appoints company chief North’s Ambassador

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HE International Human Rights Commission (IHRC) has appointed the Group Managing Director of Buoshishi Group of Companies, Alhaji Yahaya Mohammed Abdullah, as its Ambassador to Northern Nigeria.

A letter of notification of the appointment reads: “In exercise of the powers conferred upon me by the constitution of the International Human Rights Commission under Article 18A; Clause 18, Read with first and second amendment of 1999 in the

constitution passed by the Supreme Council at Rome Italy, I, Ambassador Dr. Muhammad Shahid Amin Khan, the World Chairman of the Commission is pleased to appoint and designate Mr. Mohammed Yahaya Abdullah as the Ambassador to IHRC to northern Nigeria with diplomatic identity card: HQ 0000740/14.”

According to the World Chairman’s letter, “the appointment takes effect from November 13, 2014 until further orders, given under my hand and seal”.

‘Withdraw Jatau or we’ll defect to APC’

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PEOPLES Democratic Party (PDP) youth pressure group with membership strength of 18,000 in Bauchi State, the Bauchi Youth Foundation (BAYOF), has urged Governor Isa Yuguda to review the emergence of Auwal Mohammed Jatau as the party’s governorship candi-

From Austine Tsenzughul, Bauchi

date for the February 2015 election.

BAYOF, in a statement at the weekend, appealed to the governor to listen to the seven PDP governorship aspirants’ grievances and resolove the pending doom of the party in the state.

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THE NATION MONDAY, DECEMBER 22, 2014

CITYBEATS

CITYBEATS LINE: 08023247888

‘My husband is a thief, fake pastor’

Free tests, drugs for the sick

A

ORE than 350 residents of Ago-Egun community in Ilaje, Bariga Local Government Area of Lagos State have benefitted from the free health mission of the council’s immediate past Supervisory Councilor for Health, Hon. Babatunde Osinbajo.

The beneficiaries, especially children and adults, underwent tests on hypertension, diabetes and blood pressure, among others. They also got free drugs.

Osinbajo, a younger brother to the vice presidential candidate of the All Progressives Congress (APC), Prof. Yemi Osinbajo, also donated a water borehole to the community.

Hon. Osinbajo, who was there to monitor the exercise, told The Nation: “We started these projects early in 2013 out of my deep passion for the welfare of the less-privileged. I can’t stand seeing people suffer around me. I derive fulfilment in putting smiles on the faces of the have-nots. It is a rare spirit that runs in our family.

“I’m from Ward ‘E’. I have taken my time to traverse every nook and cranny of the entire council area and have found out what the challenges of majority of our people are. I, therefore, felt the bounden burden to do the best I could to lessen their sufferings within the ambit of my God-given enablement. It is a divine calling that must be shared by the privileged few among us across the country to make Nigeria better.”

Asked if he had any political ambition, the philanthro-

36-year-old woman has described her husband as a thief and fake pastor, pleading with the court to dissolve their nineyear-old marriage Mrs Adeola Imafidon told the Alakuko Customary Court in Lagos that her husband, Sunday Imafidon, had become a disgrace to her.

Mrs Imafidon, a laboratory scientist, said: “My husband is a fake pastor, thief and womaniser. He has been arrested over six times for defrauding people. I am always embarrassed each time I go to bail him. My health is suffering a great deal. When I talk a lot, my heart palpitates.

By Basirat Braimah

I have always endured because of our children.

“He doesn’t cater for our children let alone pay our house rent. Currently, we live with my mother. I can’t remember the last time he sent our children’s monthly allowance.”

She added that they had not slept with each other for three years. ‘’He once beat me and pushed me towards a moving vehicle. I’m tired of his repulsive attitude. I don’t want to die; please dissolve our marriage,” she told the court.

Forty-four-year-old Imafidon said he duped people in order to satisfy his wife. ‘’When I had a job, my wife never complained of anything or my character. But since I lost my job, my wife’s attitude changed. I was forced to borrow money from people but I get arrested whenever I don’t refund their money.

“It is true she has been responsible for the children’s upkeep. The last time I slept with her was two months ago at a hotel - not three years. If I wasn’t a good husband, we wouldn’t have children. I still love my wife and I promise to turn a new leaf if our issue

is resolved,” he said.

The marriage is blessed with two children.

The court’s President, Chief Awos Awosola, asked Imafidon if it was befitting for a pastor to take his wife to a hotel to sleep with her.

He pleaded with Mrs Imafidon to consider her husband, following which there was a 30-minute recess for the couple to have a private talk; but the wife insisted on dissolution.

Awosola dissolved the union and ordered Imafidon to be responsible for the children’s school fees. He will also provide N10,000 monthly for their feeding.

ing; we have written letters and made appeals. No one seems to care or listen. I should quickly add that we are not talking of a problem of one or two years. We are talking of what we have been facing for more than five years. We keep enduring. But for how long must we endure an error?”

A landlord said their interventions had worsened the operators’ plight, noting: “Police don’t want anyone to come in-between them and those they are tormenting.”

He said: “Once or twice I have tried to plead with them on behalf of some operators but they hated me for it. They would cock their guns and threaten to shoot. But these are not armed robbers; they are doing their own legitimate businesses.

“Their excuse most times is the cyclists take the wrong way and thereby cause obstructions. But must you (the police) always apply the bayonet to force road users to order all the time. In the process of hitting people with the butt of your gun and the gun discharges, who is to blame for that? Nigerians must rise against what I see as open-day enslavement of all of us. We are all helpless and government is looking the other way. They know what we are saying.”

A senior police officer described the allegation as “strange and unfounded,” adding: “The old times are gone in policing. Since the deployment of our commissioner, Mr Kayode Aderanti, and even before him, every policeman in the state knows that extortion is outlawed.”

Tricyclists accuse police of ‘new extortion tricks’

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OMMERCIAL tricyclists popularly known as ‘Keke Marwa’ in Isolo, Jakande Estate and environs in Lagos State yesterday decried what they called “new extortion tricks” by policemen.

They described the trend as worrisome, noting that all efforts to reach the police command with their complaint have yielded no result.

An official of the tricyclists’ union, who craved anonymity, told The Nation yesterday that members of the union had been reduced to “mere slaves” of the policemen.

According to him, the officers, who are always on the road, now extort money from them by proxy.

He said: “We cry out every day about the merciless extortion by the police, but no one seems to care or even listen. We are more or less working for them the way things are. Imagine that I alone pay them about N7,000 every month. Take the total number of all ‘Marwa’ operators around this area alone; then you will get an idea of what we lose to them.

“Our association has a way

•Some tricycles at their park

By Sulaiman Salawudeen

of forcing us to pay a certain amount to some police officers, but these are the very ones who would unleash their junior officers upon us to perpetrate all manner of extortion. It is not that we accept or like it; it is just that we must pay it if we must remain in business. There was a time one operator confronted them but he lost his hand after spending months in the hospital. Some others who prove stubborn get their machines seized. These are the very unlucky ones.

Once the machine is taken away to their stations, you will sweat and pay at least, N10,000 before you can retrieve it.”

Another cyclist, who gave his name as Raufu Salau, said: “This is the situation which we have been endur-

M

•Osinbajo

By Basirat Braimah

pist replied: “I nurse no political ambition. What I have done for my people so far and what I will still do by God’s grace, are being activated by divine instruction. You don’t need to expect something back from the people before lifting them from the claws of deprivations. After all, what did Jesus Christ demand for all He did for us?

So, it is about our attitude to life and how much we care for our fellowmen.”

He said he had plans to use his non-governmental charity organisation to do more for the people in other areas.

A beneficiary, Mrs Esther Ukpodeyi, praised saying, she had long grappled with diabetes without the financial wherewithal to tackle it.

“May he (Osinbajo) never suffer any ailment,” she prayed.

Another resident, who preferred anonymity, said: “I know one thing about the Osinbajos – they have the spirit of giving. The family has a school at Obanikoro, where tuition is free.”

TWOREM set for festival

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HE Way of Reconciliation Evangelistic Ministries (TWOREM) Int’l a.k.a. Prophetic & Solution Chapel, Lagos, is set to hold its annual inter-denominational between Thursday and December 31.

The all-night programme, according to its organisers, will feature prophetic declarations, reformation praises, preaching and prayers starting from 10pm daily.

Its convener and chief host, Revd/Prophet Oladipupo Funmilade-Joel (Baba Sekunderin) said the programme tagged “Christian Festival” with the theme,

“Manifestation of son of God,” would hold at the church’s headquarters, Sekunderin Int’l Miracle Prayer Mountain, Iyana Agbala Tuntun, Ibadan.

He and it will be broadcast live via the ministry’s satellite, Messiah Broadcast Network.

Besides Funmilade-Joel, other anointed men of God expected at the event include seasoned gospel artistes like Evangelists (Princesss) Toyin Ilori (Akoko Mi To); Timi Orokoya (Telemi), Joy Oluwashina Osuba; Bukola Akinade (Senwele) and TWOREM Ibadan & Lagos Mass choirs.

Isiguzo for burial today

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•From left: Member of the Lagos State House of Assembly, Hon. Oluwafunmilayo Tejuoso; a former leader, Odiolowo/Ojuwoye Local Council Development Area (LCDA), Hakeem Saka; Chairman, All Progressives Congress (APC) in the area, Alhaji Ganiyu Adebisi; Council Manager Rafiu O. Fashola and the council’s immediate past chairman, Hon. Adeyemi Alli at the presentation of items to schools and public health centres in the area … at the council’s secretariat.

HE final funeral rite in honour of the late Jude Isiguzo, The Nation Senior Crime Correspondent and Chairman, Nigeria Union of Journalists (NUJ), The Nation Chapel, will hold today at his Umuokegbu Village, Omoba in Isiala Ngwa South Local Government Area of Abia State.

He died in Lagos on Saturday, November 29 after a brief illness.

A wake keep was held for him last Tuesday at his residence on 311 Road, ‘A’ Close, Block 3, Flat 8, Festac Town in Lagos.

At the event, clerics, friends, colleagues and

The late Isiguzo

many other eminent personalities extolled his virtues as a hardworking journalist, committed union leader and easy-going person.

THE NATION MONDAY, DECEMBER 22, 2014

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THE NATION MONDAY, DECEMBER 22, 2014

MONDAY DECEMBER 22, 2014

17

POLITICS THE NATION

E-mail:- politics@thenationonlineng.net

ONDO POLITICS The battle for the Senate is gathering momentum in Ondo State. All Progressives Congress (APC) and Peoples Democratic Party (PDP) candidates are leaving nothing to chances. DAMISI OJO examines the strengths and weaknesses of the flag bearers across the three districts..

•Akinyelure

• Olajumoke

•Boroffice

•Lebi

• Agunloye

Battle for Senate hots up in Ondo A

HEAD of next year’s senatorial polls in Ondo State, political parties are perfecting their strategies. There is a poster war in Akure, the state capital, and other major towns and villages across the 17 local governments.

Unlike other states where governorship elections will hold, Ondo State is warming up for only parliamentary elections. The state has held its governorship election on October 20, 2012. Despite this, the political atmosphere is thrilling as politicians have begun canvassing for votes.

The gladiators have returned to the drawing board. The Peoples Democratic Party (PDP), All Progressives Party (APC), Social Democratic Party, Accord Party (AP), Peoples Democratic Movement (PDM) Labour Party (LP) have intensified their campaigns. But, according to observers, only the PDP and the APC are regarded as serious contenders by the people. Thus, eyes were on the two parties as they held their primaries.

The APC adopted the open ballot voting during its shadow poll. It was free and fair, according to security agents and officials of the Independent National Electoral Commissioner (INEC).

APC delegates from the South District elected a legal pratititioner, Morayo Lebi, as their candidate. In a keenly contested primary between the lawmaker representing Akure South/North Constituency, Hon. Ifedayo Abegunde, and former Commissioner for Finance Tayo Alasoadura, the commissioner won the ticket for Ondo Central. But, many people contended that the election was inconclusive.

Also, in the North District, the only APC Senator, Ajayi Boroffice, floored other aspirants at the primaries.

But, it is a different ball game in the PDP. The party is factionalised. There is the struggle between old members and defectors led

by Governor Olusegun Mimiko.Parallel primaries were conducted by the factions.

In the North, Dr. Olu Agunloye was elected as the senatorial candidates by old PDP members. Mimiko’s faction picked Dr. Bode Olajumoke as its candidate through consensus.

The same method produced Senator Akinyelure in the Central District. He belongs to Mimiko’s group. However, Olusola Agbesua, an architect, who was elected by the old members, is contesting his victory.

In the South, Yele Omogunwa was picked by the governor as the candidate, while the old PDP backed Agboola Ajayi as its flagbearer.

It is not clear which list of candidateswould be accepted by the PDP National Working Committee (NWC) as both factions are laying claims to the party structure. But, observers believe thcourt would give the final verdict.

Following the resignation of Ebenezer Alabi as the PDP Chairman and the swearing in of

Clement Faboyede as his successor, many thought that the crisis rocking the chapter would abate. But, the crisis has worsened.

Old PDP members had initially installed Dr. Olu Ogunye as the chairman and filed other vacant positions in the executive committe with their colleagues. The governor, who was unperturbed, consolidated his hold on the chapter through Faboyede. During the primaries held by his group, PDP national leaders, INEC officials and security agents were present. But, according to the former PDP Publicity Secretary, Gani Mohammed, the primaries attended by Mimiko’s group was illegal.

He said: “We have decided to go on with the primaries due to the court ruling that recognises our delegates as authentic. The party never dissolved the executive of the party and we have replaced them with other leaders of the party from their senatorial districts.

“Our executives from local and ward levels are intact and these are the people who participated in our primaries.

“You will recall that the Abuja High Court has declared all the activities of the Caretaker Committee led by Dare Adeleke as illegal and, due to this, those delegates elected by this committee are illegal and they can’t participate in the primaries.”

Both parties have bright chances at the poll.

It will definitely be a keen contest.

The former Chairman, Alabi, said: “I must be sincere with you. The crisis has already taken its toll on the party. This was one of the reasons I said my sacrifice should be enough reason for us to close ranks and work together as a team.

“Before this crisis started, nearly on weekly basis, we moved round the local governments to receive new members into our party. But, since the beginning of this crisis, that has stopped and I am worried .

“The party is losing most of its prominent members to the APC. Benson Enikuomehin, who came in. Chief Adeniyi Olayeye from Okitipupa also left in protest.

“Also Ogunmilade Felix, our former youth leader, is already in the APC and a lot of people that are very prominent, which I cannot be mentioning now, are leaving. The crisis is already taking its toll on our party in Ondo State and I think the earlier we resolve it, the better”.

The old PDP stronghold, which is the South District, comprising Ilaje, Ese-Odo, Irele, Okitipupa, Odigbo and Ile-Oluji/ Oke-Igbo lo-

cal government areas, may turn against the party, owing to the protracted crisis. Chief Olusola Oke, Kingsley Kuku and Jimoh Ibrahim are from this district, but there is division in the zone over the outcome of the primaries.

Two candidates have emerged for the party from the district. They are Omogunwa and Agboola. Party members are in disarray.

There is anxiety among voters. The puzzle is: who will the national leadership give the ticket to?

Omogunwa is an Irele-Ikale man. If he eventually gets the backing of the NWC, he will be battling with another Irele man, Lebi, a lawyer who has already been picked by the APC. The APC candidate may benefit from the crisis rocking the PDP. But, if the ruling party can put its house in order before the elections, Omogunwa may win.

The Central District is the governor’s stronghold. Mimiko, who is from Ondo West, has always had an edge during elections in this area. Since, 2009, Mimiko has always floored his opponents.

Sources said the PDP gave its Central senatorial ticket to Akinyelure because of his loyalty to the governor. Other LP senators, who were elected in 2011, have dumped Mimiko.

For instance, Senator Boroffice defected to the defunct Action Congress of Nigeria(ACN), while his colleague from the South, Boluwaji Kunlere, is not in good term with the governor, left for the PDP before the governor’s defection.

However, Mimiko may still have influence in four local government areas in the Central, including his home town, Ondo West, Ondo East, Ifedore and Idanre.

But, the story may be different in Akure, the most populated local government. The leaders of Akure Kingdom have said that they will only mobilise for the party that picks their son as the flag bearer. The old PDP, which conducted its own parallel primary, deliberately elected an Akure man, Agbesua, as its candidate.

This may not work for the old PDP. According to sources, Mimiko has an agreement with the PDP that, if he defects, he will have a say in the choice of candidates for the South and Central districts.

In the APC, the rift between Abegunde and Alasoadura has not been settled. Either of

‘The gladiators have returned to the drawing board.

The Peoples Democratic Party (PDP), All Progressives Party (APC), Social Democratic Party, Accord Party (AP), Peoples Democratic Movement (PDM) Labour Party (LP) have intensified their campaigns’

them will face the PDP candidate, Akinyelire from Idanre.

The only challenge being faced by the APC is the rejection of the result of the primary by Abegunde. The lawmaker has petitioned the Appeal Committee to allow the counting of the voided votes. He noted that about 105 votes were voided and, out of the voided votes, he had about 70 votes bearing his popular nickname, “Abena” while others went for “Alash” the popular nickname for Alasoadura.

Both Abegunde and Alasoadura were formerly in the PDP before embracing the ACN, which metamorphised into the APC. Abegunde got the ticket to represent Akure North/South on the platform of the PDP between 2003 and 2007. However, his efforts to retain the seat failed after his first term as he lost to another aspirant, Prince Derin Adesida.

However, in 2011, another opportunity came.

He secured the seat under the Labour Party(LP) and, mid-way to his tenure, Abegunde defected from the LP to the ACN. Alasoadura, a confidant of the late Governor Olusegun Agagu served as Commissioner for Finance. According to an unwritten agreement, he was to succeed Agagu after serving his twoterms in office under the PDP. But, the nullification of the 2007 governorship election by the Appeal Court, Benin-City, which paved the way for the emergence of Mimiko on February 24, 2009, thwarted the arrangement.

Alasoadura dumped the PDP for the ACN, few months to the 2012 governorship election.

He was appointed as the Director-General of the Akeredolu Campaign Organisation (ACO).

The Ondo Central primary election was the toughest of all the three districts.There was tension at Swan Hotel, on Ilesa road, Akure, the venue of the election. There was the heavy presence of security agents.

The primary election dragged on till 8.30 p.m.

At the end of voting, Alasoadura polled 811 votes, while Abegunde scored 778 votes. But, 105 “voided”votes are generating ripples.

There was a protest by Abegunde’s supporters at the APC secretariat and the residence of its Chairman, Hon. Isaacs Kekemeke, a lawyer.

In the North, Boroffice, the Asiwaju of Akokoland, was declared winner with 1146 votes. His opponent was the lawmaker from Akoko NorthEast/NorthWest Federal Constituency, Hon Ganny Dauda. He polled 565.

London based Lawyer Nat Adojutelegan got 139 votes. The retired Permanent Secretary, Dr K S Shaba, scored 31 and Mr A. Alabi had one vote.

However, Adojutelegan protested to the Legislative Appeal Committee over alleged irregularities. The aspirant said the result sheet indicated a substantial difference between the total number of votes recorded for aspirants and total number of votes cast.

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THE NATION MONDAY DECEMBER 22, 2014

RACE TO 2015 Ethnic groups in Delta State are jostling for deputy governor in the Peoples Democratic Party (PDP). Who will the odds favour? EMMANUEL OLADESU writes on the competition for the spare tyre’s position.

Delta 2015: Who will be Okowa’s running mate?

S

ENATOR Ifeanyi Okowa’s vic tory at the Delta State Peoples Democratic Party (PDP) governorship primaries has implications for the choice of his running mate.

According to party chieftains, the selection will be dictated by the ethnoreligious factors.

According to the Independent National Electoral Commission (INEC) guidelines, the name of the running mate must be submitted not later than December 26.

Ahead of the primaries, Okowa who surprised many stakeholders with his emergence, despite Governor Emmanuel Uduaghan’s preference for another aspirant, had an agreement with some prominent stakeholders in Delta South. He had proposed to pick his running mate from Isokoland, the only zone that has not produced a minister, senator or a top government official with state-wide recognition.

The choice was said to have been strategic, given the relatively high population of the area and the permutations that favoured the ethnic group. Of the three major ethnic groups in the Delta South Senatorial District, the Isoko nation appeared to be the only stock that had been left out in the political equation.

Uduaghan is an Itsekiri. The Ijaw nation produced Senator James Manager, who has won re-nomination for an unprecedented fourth time. The Isoko only produced Hon. Leo Ogor, the Deputy Majority Leader of the House of Representatives.

Isokos have argued that the only way that they can be placated is by zoning the deputy governorship to the ethnic group. However, the Ijaws helped Senator Okowa to get the ticket, making their leaders to now agitate for the slot.

Former militant Government Ekpemupolo, popularly known as Tompolo, was said to have contributed to the senator’s success, in terms of strategy and resources. Senator Manager was also said to have contributed in mobilising for Okowa’s victory.

Owing to the zoning, which was designed to ensure the deputy governor comes from Delta South, the Ijaw leaders are now deploying their

• Okowa

bargaining power. This may have shaken the Isokos out of their lethargy.

Isoko leaders led by the President of Isoko Development Union (IDU) Gen. Paul Omu, have warned that any attempt to deny Isoko the slot would engender bitterness.

He said|: “The Isoko have not been fairly treated in the distribution of political offices in Delta.”

Gen. Omu’s wife, Senator Stella Omu, is one of the prominent Isoko persons pencilled down for the office. Therefore, it has been difficult for the General to push the case. Also eyeing the slot is the Secretary to Government Mr. Ovuozorie Macaulay.

However, the IDU Deputy President, Felix Ogbaudu, a retired Assist-

’Isokos have argued that the only way that they can be placated is by zoning the deputy governorship to the ethnic group’

ant Inspector-General of Police, is more combative. He said the Isoko nation for the first time has decided to hold the bull by the horns, adding that it is the right of the ethnic group to fill the slot. He doubted, if the people of Isoko will have interest in the election, if the slot is not zoned to the area.

He stressed: “As regards to the governorship issue, I was privy to the I.D.U press release and that’s my position.

The margilisation of Isoko in Delta politics must stop. What comes round must go round.”

Another Isoko leader, Mr Blessing Ugoh, said Ogbaudu has spoken the mind of the race. He said: “For how long will Isoko people continue to remain behind other ethnic nationalities when we have more than 240,000 registered voters in Isoko?

“One thing is certain. Isoko nation will speak with one voice via the ballot box this time around as we’ve been pushed to the wall by other tribes.

“We haveve consistently supported our Ijaw brothers in the past three senatorial contests after our sister, Senator Stella Omu, lost to Senator James Manager in 2003.

“This time around, we may decide to support our Itsekiri brother to rubbish Manager’s fourth bid to represent us in the Senate, if the Ijaws insist on producing the deputy governor”.

“We are a very peaceful people in Isoko land but that does not mean that we do not know our rights as we are prepared to further support the Urhobo Progressive Union, UPU to produce an Urhobo governor come 2015”.

Ugoh urged the PDP not to dismiss the agitation for the slot as wishful thinking. He said: “The PDP should be careful because what will happen in 2015 may pave way for the opposition to hold sway if this issue is not properly handled”.

“We know that Senator Okowa is a good and a marketable product, but the PDP may ruin his chance of occupying Asaba Government House because of the underground forces propelling him to further reduce the Isoko race to perpetual slavery”.

Ugoh added:“Enough of this margilisation as we are not ready to remain onlookers as our children will ask us questions why we remained where we are today”.

Abiodun: Why I want to be senator

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GUN East All Progressives Congress (APC) senatorial candidate Mr. Dapo Abiodun has said that the love of his people and persistent pressure to serve them are the magnet that attracted him to politics Abiodun told reporters in Iperu Remo that there is nothing that is more fulfilling than the clarion call from the people to serve them in the National Assembly.

He said: “The call of my people is so persistent to the extent that l can no longer ignore it.

Since service to humanity has always given me joy and fulfillment, l see this as a further service at the higher capacity to further contribute my little quota to my people and human-

By Sina Fadare

ity in general.”

The businessman-turned politician promised to articulate the problems of the district, if elected as a senator in next year’s election.

The aspirant, who urged well meaning Nigerians with track record of performance in their various endeavours to embrace politics, said that, if good people shun politics, there will be bad governance.

Abiodun lamented that the last eight years of the Peoples Democratic Party (PDP) in Ogun State was a disaster.

He said there was nothing on ground to show for the huge resources, until Governor Ibikunle Amosun came to the rescue of

the state.

He explained that, within three and half years, Amosun has fought the infrastructure battle and impacted positively on the three districts.

Abiodun described the governor as a hardworking and prudent administrator, adding that he deserves a second term.

The flag bearer identified power outage as a major problem affecting socio-economic activities in Ogun East. He said, if given the opportunity to represent the area, he will ensure that the new Olokonla power project is completed.

Abiodun described his constituency as the largest in the state, adding that that the nine local governments will savour economic boom, if there is electricity.

‘

Enough of this margilisation as we are not ready to remain onlookers as our children will ask us questions why we remained where we are today

‘

How Eze won Enugu governorship ticket In this piece, Silas Omenka explains how Senator Ayogu Eze won the Peoples Democratic Party (PDP) governorship ticket in Enugu State.

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HE Peoples Democratic Party (PDP) primary election in Enugu State has come and gone but, its ripples stay with us.

On December 8, 2014, about midday something dramatic happened. As the King Asara A. Asara governorship primary election panel chose to brief the seven governorship aspirant about the task before them, some startling revelations came up.

During the briefing some interesting dialogue ensued between one of the aspirants, Senator Ayogu Eze over the list of delegates for the election, whereupon the panel chairman admitted in the full glare of the press that the list of delegates given to him was totally at variance with the certified true copy of a court judgement containing the list of delegates elected on November 1, 2014.

Eze had alerted the panel that these authentic delegates were not allowed into the venue chosen for the primary.

Those denied access to this venue, which had earlier been taken over by illegal delegates made up of all sorts of people hurriedly put together, were 306 delegates from Enugu North Senatorial District, another 231 delegates from Enugu East Senatorial District and 120 other delegates from Udi and Ezeagu local governments from Enugu West Senatorial District.

The authentic ad hoc delegates denied access into the venue totalled 657.

There were also some statutory delegates who weren’t in that venue, plus some ad hoc delegates who were against the attempt by the authorities in Enugu and Abuja to manipulate the primaries.

These people were the authentic delegates who converged on Filbon Hotel, New Haven, Enugu to elect Sen. Ayogu Eze the authentic flagbearer of PDP for the 2015 governorship election in Enugu State.

There are on the whole 1,008 delegates in Enugu State, made up 780 ad hoc delegates, and over 200 statutory delegates, which included five of the seven governorship aspirants. Two of them are already statutory delegates.

Where then did they conjure up the 937 votes they claim their man, Hon. Ifeanyi Ugwuanyi scored when 657 delegates were absent besides other delegates who shunned that sham called primary?

When 657 is removed from 1,008, you are left with 351 genuine delegates.

Add to it the statutory and ad hoc delegates who shunned that charade at the stadium, you’ll be left with barely 200 genuine delegates at the stadium.

In Filbon, 672 delegates were accredited. This was made up of 538 delegates from Enugu North and Enugu East Senatorial Districts who were deliberately removed from the concocted delegates used by the government and other ad hoc and statutory delegates who weren’t at the stadium.

Again, on November 9, 2014, a day after the primary election, Hon. Ugwuanyi rushed to court to obtain an injunction restraining Sen. Eze from parading himself as the candidate.

The curious thing is, if he truly won the election would he rush to court to put a road block on the way of someone whom he said didn’t participate in the election? If someone says your wife is with him and you check in the house and you’ve your wife at home, would you report to the police? Of course, not.

They know they did not participate in any genuine primary election. They know that the cerebral, focused and outspoken senator won the election, fair and square.

This same matter is a subject of two litigations, one in an Enugu High Court and another one in an Abuja High Court.

One would then ask, why sponsor syndicated write ups in the newspapers against Sen. Eze if not just because someone has something to hide and is hoping to confuse the judiciary by planting falsehood in the national dailies?

Anyone who followed the primaries as I did and who listened to the Electoral Panel chairman when he admitted that he was handed a concocted delegates list would not be surprised that Hon. Ugwuanyi and his advisers can go to the extent of committing contempt of the court just to market a false• Senator Eze hood that cannot stand the test of time.

Commotion as impeached Kebbi Speaker returns

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HERE was commotion at the Kebbi House of Assembly as the impeached Speaker, Alhaji Aminu Musa Habibu Jega, appears in the Assembly complex to resume office after securing an expert motion from a High Court sitting in Birnin Kebbi.

It would be recalled that Justice Ismaila Haruna of the Kebbi High court last weekend ordered the Assembly to maintained the status quo via a motion expertee.

The expertee motion in addition also favoured the Deputy Speaker Alhaji Garba Bena, the Majority Leader, Alhaji Aliyu Mera and Chief Whip Hon. Bello Relisco.

The Imbroglio stated barely two

From Khadijat Saidu, Birnin Kebbi

weeks ago when the affected officers defected from the ruling Peoples Democratic Party (PDP) to pitched tent with the opposition APC, which didn’t go down well with the government that alleged to have ordered their impeachment.

And appointed Alhaji Hassan Shallah Gwandu and Hon. Jafar Mohammed as Speaker and Deputy to run the affairs of the Assembly.

In his reaction , the Permanent Secratary and Solicitor-General in the State Ministry of Justice, Aminu Usman, said “We have not been serve with that expert motion and we don’t even know from which court this motion is obtain and who was the judge.

THE NATION MONDAY, DECEMBER 22, 2014

19

COMMENTARY EDITORIALS

LETTER

Taxation matters

•Nigeria must learn to use tax more equitably and efficiently

A

S the full dimension of Nigeria’s cash crunch in the wake of the steep decline in the price of crude oil becomes clearer, it has become vital for the nation to take a harder look at the efficiency of its taxation system.

The paradox of the overdependence on oil revenues is that it has made successive national governments less answerable to the populace; and much more likely to misappropriate funds, all the while discouraging the development of the real sector.

There can be little doubt about the seriousness of Nigeria’s current financial position. Between January and May this year, gross revenue collection recorded a deficit of N700.879 billion. In November, Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, claimed that actual revenues for 2014 could fall short by as much as US $12 billion, due to the theft of crude and other disruptions to production in the Niger Delta.

In a letter to Senate President David Mark last week, President Goodluck Jonathan stated that the Federal Government had cut its projected revenue estimates from N4.724 trillion to N4.661 trillion. States and local governments have not been receiving their full allocations; in the three months between August and October, the deficit was N336 billion.

The intensity and depth of these shortages stem from the country’s continuing heavy dependence on crude oil; and its resultant refusal to seriously consider alternative forms of revenue generation.

The recent release of the Paying Taxes 2015 report, authored by PriceWaterhouseCoopers, a global accounting and audit firm, proffers a graphic illustration of Nigeria’s failure to properly exploit taxation as a viable source of revenue.

The country ranks a lowly 179 out of 189 countries in the ease with which corporate organizations are able to pay statutory taxes. Companies based in Nigeria were reported to have a tax rate of 33 per cent, required 47 payments and spent 909 hours annually to comply with tax obligations. This is an unfavourable contrast to the global average of 40.9 per cent, 26 tax payments and 264 hours.

Not only does Nigeria make it harder for companies to meet their tax obligations, it is also a notoriously undertaxed nation: some of the nation’s wealthiest individuals consistently escape appropriate taxes due to a combination of pervasive corruption and regulatory failures.

As a result, some sections of the populace are compelled to bear far more than their fair share of taxation, especially civil servants whose taxes are deducted at source; as well as many businesses and manufacturing organizations, which often endure multiple taxation.

The experience of other nations has shown that taxes are paid with almostuniversal reluctance; and the only way such unwillingness can be overcome is to ensure that taxes are comprehensive, fair, and properly utilized. Lagos State offers a useful model of what can be achieved in this regard.

As the nation’s smallest, most densely-populated state, and lacking oil-derivation revenues, the Fashola administration had little option than to look to its tax base, a financial strategy that had begun under his predecessor, Asiwaju Bola Tinubu. A new tax code was promulgated, an enhanced tax database was set up, and methods of payment were made simpler and more efficient.

The result is that the state’s internally generated revenue rose from N600 million per month in 1999 to N23 billion per month last year. The fiscal implications of a similar change at the national level are obvious.

One particular strategy which could dramatically improve tax revenues is a reformulation of value-added tax (VAT) in such a way as to keep a larger portion in the states where it is generated.

This would make it more equitable, in addition to encouraging individual states to increase their share by expanding economic activity.

If Nigeria can become more dependent on taxes than crude oil, it will be well on the way to achieving the financial stability that it so badly needs.

‘Not only does Nigeria make it harder for companies to meet their tax obligations, it is also a notoriously under-taxed nation’

Waivers for palm oil?

•It contradicts the spirit of fairness and local productivity

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ALK of a country of unending paradoxes, the disclosure by Central Bank of Nigeria Governor, Godwin Emefiele that the country currently loses N24 billion to duty waivers on crude palm oil (CPO) imports must come as confounding both in the context of current efforts to plug the loopholes and hence boost national revenue, and of the renewed quest for backward integration. The revelation which came to light during Mr. Emefiele‘s visit to the multi-billion naira PZ Wilmar Oil Palm plantation in Akamkpa, Cross River State was that importers of crude palm oil into the country actually enjoy special status under Nigeria’s free trade zone policy.

In the bizzare arrangement, companies operating in the FTZ are said to automatically enjoy additional 75 percent duty waiver on the 35 percent duty normally paid by importers on their imported CPO. For the companies, most of which have oil palm refineries but no requisite investments in local plantations, that translates to paying a paltry

‘The latter is of particular importance because, whatever made the waiver regime expedient appears to have been obviated by the current levels of investments in palm plantation and by extension CPO.’

8.75 percent duty on their imported CPO. On the other hand, their counterparts operate outside the FTZ and many of them not only have refineries but have invested in local plantations. They are expected to pay the entire applicable duty of 35 percent.

To be sure, the provisions in the enabling instruments for operations of the Free Trade Zones which permit a broad range of incentives under which the waiver in question falls may well have been in order some years back. These days however, it is increasingly hard to justify a waiver regime so utterly skewed against domestic economic actors, one which directly threatens the nation’s quest for self-sufficiency. Of particular note is the on-going multi-billion naira investment by PZ Wilmar said to be the biggest palm plantation in the world with more than 4000 Nigerians already in its employment.

Do we have anything against the business enclaves described as FTZs? The answer of course is no. In the context of the nation’s drive for Foreign Direct Investment, the zones surely have their place in providing employment and as catalysts for industrial development.

The same however cannot be said of a situation in which policies designed to engender the growth of the zones end up stifling local entrepreneurial initiatives.

We find that deplorable more so given the potential losses to the nation which are unquantifiable in the long run.

And what is the specific case against the lopsided waiver? The position of the local producers represented by the Plan-

tation Owners Forum of Nigeria (POFON), Oil Palm Growers Association of Nigeria (OPGAN) and the National Palm Produce Association of Nigeria (NPPAN) sums it up: if at all any company that has a refinery for CPO deserves consideration for a waiver, this must be done only in the context of identified shortfall in local supply and then this should apply to those who have made tangible investments in oil palm plantations.

The latter is of particular importance because, whatever made the waiver regime expedient appears to have been obviated by the current levels of investments in palm plantation and by extension CPO. With more than 4000 hectares already cultivated by PZ Wilmar in Cross River State alone, there is evidence of a bold move to steer the nation’s palm oil story in a more purposeful direction. In other words, this is hardly time to fritter the gains already recorded for whatever reasons. Instead, we expect to see deliberate efforts to sustain the current momentum as the nation strives to clinch the top spot.

Above all, we are unable to encourage tacit dependence on the discriminatory regime of waivers, which is not only fraught with corruption but prone to abuse. What we expect of players in the FTZ is to exploit the inherent benefits of backward integration to boost their margins and to help the nation in furtherance of the quest. There is hardly a better way to demonstrate faith and reciprocity for the multiple incentives already enjoyed in the Nigerian economy.

Mutiny: Appeal to President Jonathan

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IR: I am deeply concerned with the case of the 54 Nigerian soldiers convicted of mutiny and sentenced to death by a court martial. The men, part of the Special Forces division ordered in August to retake three lost towns in Borno State were found to have refused to fight the terrorists.

The facts on ground, however does not justify blatantly killing them. On July 9, after the extremists reportedly killed 26 military personnel and seriously injured 82, the soldiers reportedly demanded to be properly armed. The point is – we are not sure if that happened. And whilst the front-line troops have consistently complained that they lack weapons and other ammunitions needed to face Boko Haram, the insurgents are known to have tanks, rocket-propelled-grenade-launchers and other heavy weaponry. It is obvious that venturing into such combat would have been a suicidal mission for these young men.

In a similar case in September, 12 soldiers were sentenced to death for mutiny after firing at their commanding officer in Maiduguri. Since the lower-ranked soldiers have continued to bemoan the non-provision of weapons, it would suffice to say that there must be an atom of truth from what they are saying.

As the Commander-in-Chief, I (with other passionate Nigerians) appeal to you to intervene and help save the lives of these young men. It will be grave injustice to kill soldiers who made a legitimate demand for equipment to fight the insurgents. The 54 Nigerian families shouldn’t be deprived of their joys anytime soon.

Alongside other 43 soldiers on trial and those previously sentenced to death, let justice on the part of the military be tempered with mercy. We shouldn’t lose more Nigerians on the altar of Boko Haram. Nigeria must not shed their blood.

• Prince Ifoh, Lagos

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20

THE NATION MONDAY, DECEMBER 22, 2014

CARTOON & LETTERS

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IR: Doyin Okupe’s job description as the Senior Special Assistant to the President on Public Affairs is to appraise and praise his principal. And security on the job lies at the extreme end of hyperbole.

He has to be (seen to be) sufficiently worshipful of the President or he gets the sack. This incentivizes Okupe to work overtime, talking Jonathan up.

And sure enough, it predisposes him to sounding ridiculous. But this attempt to make up the profane with the sacred shows that Okupe’s sycophancy has mutated into wanton license.

It couldn’t have been his answer to Wole Soyinka’s portrayal of Jonathan as King Nebuchadnezzar.

Soyinka, the Nobel Laureate, called a press conference just to vent and he kept his metaphor within the bounds of the secular. But Okupe, the self-acclaimed attack lion, went to a breakfast TV show for expediency and ran into profanities.

Basically, the overreach testifies that Okupe has run out of material.

After placing Jonathan in the peer group of Dr. Martin Luther King Jr., Nelson Mandela, Lee Kuan Yew and Barack Obama and ranking him as the greatest Nigerian leader since independence, there are no more fit-

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Okupe’s false messiah ting mortals left for comparison. So Jonathan has to be equated with Jesus.

Jonathan deserves some congratulations, though. He is one of the rare humans who have managed to inspire the veneration of their persons. His own evolution to divinity makes him measure up to his wife.

Patience, according to Evans Bipi, the arrowhead of an anti-Amaechi gang, was ‘’Jesus Christ on earth”.

It’s good that President Jonathan’s catch-up worked out fine. This leaves Nigeria with a couple of Jesus Christs in the State House. One Jesus and a spare.

But the paradox is that the countries that are led by mere mortals fare better than theocratic Nigeria.

They have higher standards of living. They have very low child mortality rates. They have public schools

that are training their youths to participate in a future where knowledge will become the principal commodity. They have efficient transport systems that move people and goods with few instances of avoidable mishaps. They have potable water at the turn of the tap. They maintain healthcare systems that our Jesus doubles resort to when they fall ill.

Actually, the Jonathans are not the only saviors. There is a glut of claimants to the title of messiah, from the lowest tier up to the presidency.

They base their claims on some grudging tokens. The roads that begin to deteriorate with the onset of the first rains. The schools they can’t suffer their children to attend. The hospitals their family members cannot patronize.

Since May 1999, these false messiahs have been saving only their fam-

Playing yo-yo with Igbo interest

S

IR: Coming down from Lagos to Onitsha on a bus recently, I experienced massive road construction work speedily going on. Suffice it to say that this exercise has been going on for what seems like ages. The completed part of the Benin Expressway rides like a smooth bed. It makes one happy to know that the government is working An argument would later ensue inside the bus. The man who was previously praying so loud for the blood of Jesus to cover every passenger turned a warrior for the Igbo cause. He stated with a preacher's eloquence that he has traveled all over the country and in no region has he experienced a more depressing government neglect than in the South-east. His first case in point was the deplorable Onitsha/Enugu Expressway. Especially the axis from Amansea to Enugu where only a single broken down road is passable. This federal road seems to be a forgotten scandal.

He also brought up the horror of

the abandoned Enugu/Port Harcourt Highway. The completion of this federal road has been offensively relegated to the end of time.

And what about the second Niger Bridge? It is officially documented that the first Niger Bridge is suffering excessive abuse from over-use.

The government staged a big fanfare a few months ago to state that the second Niger Bridge will be completed before President Goodluck Jonathan leaves office.

After the usual show of sensation that work on the project is about to commence, the site is eerily deserted.

The discussion moderately shifted to the Boko Haram insurgency in the North-east. Another passenger was of the opinion that the government has directed its focus in the region to try to quell the disaster threatening to crumble the nation. This sentiment, with all due respect, provoked the zealous commentator.

According to him, the Igbo have played their role for the progress of the country. But when it comes to

fair distribution of national resources, they are marginalized.

Truly, are the Igbo not the victims of their own circumstance? When most of the Igbo politicians are ready to compromise the regional interest for personal gain, does one blame the pawnbrokers who exploit them? The presidential election is fast approaching; who can point to a prominent Igbo leader meaningfully articulating the position of the South-east? Rather, they are busy jostling for photo opportunity with the president before he could declare his intention for re-election.

Leaders from other regions are willing to threaten war to assert their people's place in the Nigerian state.

The Igbo are slumbering in political inertia and salivating with the crumbs dropping from the master's table. Nigerian leaders must be made to answer for the beggarly presence of the federal government in the South-east.

• Pius Okaneme, Umuoji, Anambra State.

ily and friends. They have been offering the populace more hype than governance deliverables. They have been investing in looking good than doing good. And they have always liked to hire fawning loudmouths.

These sycophants run an interminably arduous race. They compete and outperform themselves every new day. They have to break yesterday’s record in order not to sound like a broken record. As the electoral season inches to its decisive stages, they go into overdrive to raise their principals’ electability.

And the rush to deliver trumps temperance.

But it should be obvious that this kind of salesmanship - borrowing from the supernatural realm to improve their bottom line – is counterproductive. It betrays the brand as so flawed that its marketability can only be helped by a bogus label.

President Jonathan should be

worried. He should be concerned that his promoters are nauseating and alienating the multitude instead of converting them. He has continued to pretend to be too absorbed in some otherworldly business to notice the sacrileges his hirelings are perpetrating in his name. He looks on because he hopes that some benefit will accrue to him from their activities. And this sends the signal that the stakes are too high, and that everything is up for despoliation.

Jonathan winked at the tweaking of #BringBackOurGirls hashtag into his re-election campaign promo. He was content to let it persist until Washington Post shamed him into issuing a disclaimer. He pretended to be asleep while the police desecrated the premises of the National Assembly on the orders of Inspector General Suleiman Abba. And he has yet to wake up.

Jonathan must rein in Okupe and other sycophants. Chinua Achebe reminds us that those whose palm kernels were cracked by the gods must remain humble. A shoeless school boy who rose to the presidency cannot afford to have an aide misrepresenting him as a contestant for the position of Jesus Christ.

• Emmanuel Uchenna Ugwu immaugwu@gmail.com

Why Jonathan cannot return to Aso Villa IR: The February 14, 2015 presidential election is going to be a watershed in the annals of electoral contests in Nigeria.

The contest is now markedly decided and will take place between Dr Goodluck Jonathan and Namadi Sambo of the PDP, representing the status quo of corruption, insecurity of all ramifications ranging from kidnappings in the Niger Delta and South-east, to deadly armed robberies in the South-west, to the Fulani herdsmen/farmers bloodletting in the North-central and to the insurmountable Boko Haram insurgency.

Today, oil theft, impunity and executive lawlessness that borders on anarchy, promotion of religious and ethnic politics, waste and prolifigacy has reached apogee under Jonathan's watch.

Alternatively, the opposition party of APC presents Muhammadu Buhari and Pastor Yemi Osinbajo, a clear choice of integrity and competence in contrast to the globally ac-

S

knowledged and legendary crass incompetence and kleptocratic regime being run by Jonathan since he assumed the rulership of Nigeria on May 6, 2010.

Jonathan's reign has been an unmitigated disaster and unparalled devastation to Nigerian state since 1914 in all areas.

He has deliberately exploited the faultlines of ethnicity, regionalism, clannishness and religion to conceal his inability and incapacity to govern. In fact, it will be unpatriotic bordering on treasonable inclinations to vote for Jonathan. Jonathan is undoubtedly overwhelmed by the complexities of the nature of the afflictions plaquing Nigeria.

To avoid political harakiri and and possible state failure. Jonathan must be voted out. The elections of 2015 must be free, fair and credible and must be seen to be so.

•Akinrolabu B. Omonitan, Ikeji-Ile Ijesa, Osun State

21

THE NATION MONDAY, DECEMBER 22, 2014

COMMENTS

D

OES President Goodluck Jonathan of the Peoples Democratic Party (PDP) deserve a second term in office? Should the people give him a second chance?

These questions certainly have different meanings. Whether Jonathan’s governmental performance in his first four-year term, which may well be his only one, is worthy of a pass mark and an extension leaves room for debate. On the other hand, whether he should be given a second chance suggests that he has been a definite disaster, and only a supremely forgiving electorate would give him another chance.

It is fascinating and thought-provoking that former President Olusegun Obasanjo chose to release his explosively controversial three-volume autobiography, My Watch, at this critical juncture as the country anxiously awaits the important 2015 general elections. His portrait of Jonathan in the tome is a punch with the devastating potency of a Boko Haram bomb blast. It remains to be seen whether Jonathan will survive the hard blow.

What makes Obasanjo’s picture notable, not to say believable, is that he was fundamentally, and perhaps culpably, the prime puppeteer in the plot that produced Jonathan as president in 2011. While his insight and magisterial pronouncement on Jonathan’s career cannot exculpate him, it would be simply illogical and fallacious to respond to Obasanjo’s viewpoint with an ad hominem attack suggesting that his negativities should make him unbelievable in this respect.

On Jonathan, Obasanjo wrote: “Jonathan is lacking in broad vision, knowledge, confidence, understanding, concentration, capacity, sense of security, courage, moral and ethical principles, character and passion to move the nation forward on a fast trajectory.” He continued: “Although he might wish to do well, he does not know how nor does he have the capacity to. To compound his problem, he has not surrounded himself with aides sufficiently imbued with the qualities

‘Whether Jonathan’s governmental performance in his first four-year term, which may well be his only one, is worthy of a pass mark and an extension leaves room for debate. On the other hand, whether he should be given a second chance suggests that he has been a definite disaster, and only a supremely forgiving electorate would give him another chance’

T

WO different, yet somewhat related, reports in the national media struck me in the last week of November. The first report quoted the Benue State governor, Gabriel Suswan, as confessing that, like most governments in Nigeria, his government, already in arrears of salary payment, would not be able to meet basic obligations if crude oil prices remained at less than $90 per barrel. By the time the report was published, the Nigerian variant of crude oil was selling at well over $70 per barrel. As I am writing this piece, it is selling at less than $60 a barrel, with a high prospect of the price sliding further. This means that both the Nigerian people and the government are in for a rough time. But the national government, because of the forthcoming election, is creating the impression that all is well. There are no austerity or belt tightening measures yet, like doing away with humungous amounts spent by ministries, departments and agencies on Christmas and New Year gifts. But all cannot possibly be well with an economy which depends on crude oil for over 90% of its foreign exchange earnings. Business should not be as usual.

The second report had to do with the 2015 budget presentation by the Lagos State governor, Babatunde Fashola, on November 24. The budget is N489.69 billion, the same size as that of 2014. In other words, the government is convinced that the sharp drops in oil prices would not have “a significant” impact on its revenue base. Hardly surprising. Over 87% of the state’s resources have in the last few years come from internally generated revenue (IGR), as opposed to the monthly allocations from the federation account which professional economists call transfers. Practically every state, including the Federal Capital Territory of Abuja, depends on the federation account for survival.

This dependency syndrome is at the root cause of the crisis of our federalism. There are too many states, and there are all manner of campaigns to create more states, including the preposterous recommendation of an additional 18 states at the National Conference, even when it is clear that the centre, which is already too powerful, becomes stronger with each new state. Each campaign for a new state is driven by the mentality of grabbing more and more from the centre. Everyone is eager to share in the so-called national cake, but not in the baking. As I have had cause to tell an audience sometime ago, one of my saddest days was to watch Adebayo Adedeji, a respected professor of public administration and erstwhile executive secretary of the Economic Commission for Africa (ECA), lead a delegation of people to submit a request to the National Assembly for the creation of Ijebu State. I can understand the shenanigan of professional politicians like Senate President David Mark who would

Second term or second chance

and abilities to help him out. Most of them are greedy hangers-on or hungry lacklustre characters interested only in their mouths and their pockets.”

Obasanjo further highlighted Jonathan’s alleged “inadequacy, myopia, personal interest and self-aggrandisement, lack of sagacity, wisdom.” He added: “Under Jonathan we seem to have gone from frying pan to fire. If in the past corruption was in the corridors of power, it would seem now to be in the sitting room, dining room and bedroom of power. If what is called ‘corruption’ is stealing, under the watch of Goodluck Jonathan, then government has become legalised and protected robbery.”

This vignette is particularly interesting against the backdrop of the news that Transparency International (TI), the respected watchdog, this month ranked Nigeria 136th on its 2014 Corruption Perceptions Index (CPI) focused on 175 countries. The assessment was based on the presumed extent of public sector corruption in the countries. Nigeria scored 27 out of a maximum 100 marks, and was listed as the 39th most corrupt nation in the world.

Considering the lamentably positive excitement that the information generated in Aso Rock, the seat of the country’s presidency, as far as the Jonathan administration is concerned, it’s a big deal and worth celebrating. To appreciate why the Jonathan presidency somersaulted in ecstasy over the latest ranking, it is important to note the background: Nigeria was ranked 144th in 2013, 139th in 2012 and 143rd in 2011. So, with the 2014 position, the 2013 standing has been bettered, if such a positive word may be used, by eight rungs.

Does the administration think there is a significant difference between being 136th and being 144th?

It is possibly a reflection of corruption, or more specifically, corrupted thinking and understanding, that Jonathan’s Senior Special Assistant on Public Affairs, Dr. Doyin Okupe, burst into song. Perhaps more appropriately, he should have burst into tears. Okupe gleefully said in a statement: “The latest TI rating is a proof that President Jonathan’s effort in the fight against corruption is yielding positive results. There is no doubt that since President Jonathan came on board as president of this country, the fight against corruption has been taken several notches higher.” He further said: “Unlike any previous administration in the country’s history, the present administration has instituted institutional reforms aimed at giving fillip to the anti-corruption war.”

Okupe’s zeal is understandable, considering that the 2014 grade is Nigeria’s best on the CPI under President Jonathan.

It is evidently a merry matter for those who are in power but have failed to exercise their power to arrest corruption in the country in any impressive manner. However, this moment cannot be for crowing, and it is both puzzling and disturbing that Okupe demonstrated unawareness by his effort to take advantage of the news for publicity purposes.

Okupe needs to be told, or taught, that the country’s 136th position in a class of 175 is still as shameful and embarrassing as it has been since the inauguration of the Jonathan administration, and certainly does not qualify as a publicity opportunity.

Particularly relevant to the country is the TI observation: “A poor score is likely a sign of widespread bribery, lack of punishment for corruption and public institutions that don’t respond to citizens’ needs.” TI Chairman, José Ugaz, said: “The 2014 Corruption Perceptions Index shows that economic growth is undermined and efforts to stop corruption fade when leaders and high level officials abuse power to appropriate public funds for personal gain.”

It is a point to ponder that there is a striking common ground between Obasanjo’s uncontrolled demolition and Transparency International’s institutional perception. Indeed, it may well be impossible for the Jonathan administration to significantly minimise public sector corruption, given his peculiar perspective. This is the leader who said on national television: “Over 70 per cent of what are called corruption (cases), even by EFCC (Economic and Financial Crimes Commission) and other anti-corruption agencies, is not corruption, but common stealing.” There is nothing to add, except to wonder at Jonathan’s thought process.

In this context, the emergence of Gen. Muhammadu Buhari as the presidential candidate of the potentially victorious All Progressives Congress (APC) and Prof. Yemi Osinbajo (SAN) as his running mate can be better appreciated for the promise of immaculate integrity.

Time to learn from Lagos

By Sylvester Udeaja hoodwink ignorant elements into believing that new states like Apa could be created, but can never understand why such a refined, urbane and learned person as Adedeji could engage in an enterprise that is clearly injurious to the health of the nation. We hope that the cascading oil prices and the growing inability of most of the existing state governments will drive home the point that the multiplication of the number and recurrent expenditures of the states is a particularly bad and unproductive idea.

In contrast, Fashola’s Lagos has demonstrated the need for Nigeria to have states or component groups of the federation which will be self-sustaining. A lot of new businesses are emerging in Lagos daily. Almost every new foreign direct investment (FDI) in Nigeria ends up in Lagos. The worsening security across the country has led to more businesses migrating to Lagos. Is it surprising that every bank in Nigeria has its headquarters in Lagos? Lagos State offers the most friendly investment and business climate in the country. Lagos is a liberal, dynamic, open, cosmopolitan and sophisticated environment. At a time many politicians are becoming increasingly parochial and clannish for immediate self-serving purposes, Governor Fashola rather acknowledges the pre-eminent contribution of non-indigenes to the growth of the state, which is striving to become a world class mega city by 2035. There is an important expression the governor uses in recognition of the enormous contributions of non-indigenes in the state: migrant capital. It is migrant capital that built New York, Los Angeles, etc.

This is a story for another day.

Let us face it: an increasing rate of business growth does not necessarily translate to huge internal revenues for any state government. Among factors required for a reflection of the business growth in the internally generated revenue of every state is personal discipline. I have seen a number of state governors in recent times who have asked their officials in charge of markets and tax collection to bring only cash (no drafts or cheques) to their homes! This is why in many of the states where there has been increased economic activity and increased tax or levy payment, the increase in IGR has been minimal. In other words, the fact that Lagos generates well over 85% of its revenue from IGR shows a high level discipline among its top government officials.

One question which should be agitating the minds of policymakers and analysts in Nigeria, all the more so in the light of the declining oil revenues and the attendant severe consequences for governments at all levels, is how to make the states become viable economic units. The states, as currently constituted, are too many and too weak. The corollary is that there is a profound lack of seriousness in their governance. Governors are like emperors, they have pocketed the state legislatures, thus making a mockery of the doctrine of separation of power and the concept of checks and balances. This is one of the reasons why the venerable former vice president, Dr Alex Ekwueme, has, right from the Constitutional Conference in 1994/5, been calling for the collapse of the 36 states into six federating units. The federating units must be brought to scratch, a far cry from the present arrangement where the states, which are the federating units, are like fiefdoms. Indeed, the challenge before us now is to turn each of the nation’s six geopolitical zones into a Lagos, that is, a viable economic zone. Right now, Lagos is the only economic centre which does not depend directly on crude oil for survival. One viable economic centre is not enough for a nation of 170 million people with a population growth rate of 2.3% per annum.

The robust 2015 Lagos State budget in the midst of dwindling oil revenues, which could make Nigeria appear increasingly like a failed state when basic obligations are not met, should serve as a wakeup call to all Nigerians.

• Dr Udeaja, an economist, writes from Lagos

‘One question which should be agitating the minds of policymakers and analysts in Nigeria, all the more so in the light of the declining oil revenues and the attendant severe consequences for governments at all levels, is how to make the states become viable economic units. The states, as currently constituted, are too many and too weak’

THE NATION MONDAY, DECEMBER 22, 2014

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COMMENTS

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VENTS since the conduct of primaries by political parties have once again, brought to the fore the vexatious issue of the manner of democracy we practice in this country. More than anything, they have shown in very clear terms the scant regard of our politicians for the rules of the game.

Not only are politicians not prepared to comply with extant regulations, they have shown unbridled inclination to go at length to sabotage this vital process for self-serving ends. This ruinous predilection has largely accounted for the rancor that trailed the primaries of the parties leading to defections and bad blood among key leaders.

At the heart of the disputation is the control of what is now dubbed party structureseuphemism for sidelining and appropriating the peoples’ mandate during party primaries.

Once appropriated, it enables the beneficiary politician to subvert the collective will of the people by depriving them a role in the choice of those to stand for the election proper. In practice, its execution varies from one party to another. In some parties, though a date was fixed for their primaries and party members were made to come out to elect their delegates, no election took place as some powerful leaders hijacked the process only to turn in purported lists of those elected.

Ironically, despite these glaring cases of sabotage and brigandage, the party leadership did practically nothing to redress the grievances of short-changed members. In some other parties, sundry governors and leaders had high latitude to determine who they wanted for the various elective offices.

Yet, this is one civic duty party members ought to exercise freely if the will of their constituencies is to be reflected at elections.

Representative democracy derives its strength from its capacity to approximate the collective will of the people. Because of the large size of modern states, it is no longer possible for the people to gather in a single location to directly take decisions on matters affecting them. Thus, the concept of representation that allows the people to take decisions through their elected leaders.

The theory is that having taken part in the election of their representatives, whatever decisions taken by them, will approximate the collective will of the constituents from which they emerged. That is the guiding framework. That is the objective party primaries and elections are meant to serve.

Sadly, this cardinal principle of democracy has come under serious assault by the man-

Emeka OMEIHE 08112662675 email: EmekaOmeihe@yahoo.com

Our brand of democracy ner the various political parties conducted their primaries. It all started with the ward congresses of the parties. At that rudimentary level, party members were expected to elect their delegates who would in turn elect those to fly the flags of the parties at the general election.

Instead of allowing this rudimentary civic duty a free and fair reign, the exercised was heavily compromised in many areas.

In the case of the People Democratic Party PDP, those who came out to vote went home disappointed in some states as election materials and officials disappeared into the thin air. Result sheets were later returned with names of people written in hotels or residences of influential politicians who bought or hijacked them for their selfish ends.

It was not surprising that what came out as duly elected delegates were names of cronies and loyalists of those who hijacked those election materials. In Cross River state for instance, a chieftain of the PDP Chief Donald Etiebet was so disgusted with the outcome of that congress that he dubbed it a mockery of democracy. For him, what took place in his state was anything but a congress.

And in nearby Imo State, the PDP ward congress was a sham. The All Progressives Congress APC did not fare better in this regard in some states. In many of the states it controls, sitting governors hijacked the party structures shunting out those not considered loyalists from the process. The gale of defections from the APC in Ogun State is a necessary fall-out of this. In Imo State APC, the sitting governor had his way in not only determining who should run but manipulated the process to throw up his son in-law as the governorship

T

HE hope of restoring normalcy to a morally bankrupt nation to a place in the sun greater than it had ever been is ebbing gradually. Nigeria is in economic straits, maimed by official corruption, which slices off more than 50 % of her revenue. The nation's oil deals which has been shrouded in the caucuses of bargaining and appalling crudity has left the people in abject poverty.

But President Goodluck Jonathan's sidekick wouldn't have any of such. They are used to thinking that the ugly picture is a mere grotesque hodgepodge concocted by half-baked, uneducated neurotics who are bent on sabotaging the humane president. It's time the President summoned the moral courage and pledge the reversal of the nation's menacing presence and the future.

Regrettably, the argument of Jonathanians is not supported by the President's broken promises, overt corruption, oil theft and pipeline vandalism.

In 2011, the NNPC signed a USD28.5 billion Memorandum of Understanding, MOU with the Chinese to build the Greenfield Refineries in Bayelsa, Kogi, and Lagos states. So far, none has been built, four years down the line. In 2012 at the Nigerian Oil and Gas Conference, the minister promised that Turn Around Maintenance', TAM, will gulp USD700 million for the four refineries within 12 months.

As we speak, none of the four refineries operates with more than 60% capacities. Kaduna refinery operates below 30% of installed capacity. That is after billions of dollars was expended. How else can we explain that TAM was a waste of our common patrimony and the crudest form of corruption? The four refineries can produce 445,000 barrel of oil per day, if they are functioning at 100% capabilities; which is still below Nigeria's current need of about 39 million litres according to the PPPRA per day!

President Jonathan's government expended trillions of dollars on the so-called fuel subsidy that reeked with hypercorruption. When Nigerians protested the enrichment of the President's cronies with the oil scam, Diezani AlisonMadueke deadened her concerns scornfully and bluntly told the nation to go to hell or that the fuel subsidy would be reduced by half any time she choses.

‘There is no re-telling that Jonathan's moribund regime represents the most harrowing of the nation's nightmares over and beyond even the horror visited on the nation by military juntas’

candidate of the party. It took the emergence of the party’s presidential candidate a few days later for him to return and reclaim that ticket from his son in-law.

And we ask, what manner of democracy do we expect from these highly flawed processes? Not unexpectedly, those thrown up by these faulty processes are supposed to have derived their mandate from party members in their constituencies. But that freedom of choice was hugely compromised.

In effect, the electorate which represents the ultimate sovereign was denied its role and freedom of choice. Ironically, this role constitutes the irreducible decimal in any democratic calculation.

This is a country in a hurry to copy governance frameworks ostensibly to quicken its pace of development both economically and politically. Sadly, after adopting these contraptions, we go out of our way to exude dispositions and tendencies that end up sabotaging the very process. And when confronted with the incongruity in the adopted systems’ incapacity to deliver optimal results as obtains in democracies from where they were copied, the ready answer given is that we are in a learning process. We may continue to learn ad infinitum without any positive results. If the truth must be told, we may end up learning nothing if political actors do not change their desperate and do or die attitude to electoral matters.

At the centre of this malfeasance is the pervasive corruption that has eaten deep into the nation’s fabric. It is the high level of corruption in public places that has become the greatest undoing of our democratic experiment. Politicians do not want the will

of the people to determine the outcome of elections for fear they will reject the charlatans and sundry criminals who have now found politics a major source of livelihood. They are afraid that given the choice, they will be totally rejected by their people.

That accounts for the indecent desperation to secure control of party structures. A lot of money change hands among those delegated to conduct the congresses and key party officials at their headquarters.

That is not all. The same desperate politicians will now proceed during the primaries to buy same delegates whose names they influenced into the list. Some of them were known to have given each delegate the sum of N500,000 or more after administering an oath on them to secure their votes. The situation is that bad. The scandal saw some peasants who have never seen N50,000 in their lives smiling home to the banks. And we ask, what manner of leaders will such people turn out to be? Having corrupted the system to fraudulently to emerge victorious, will they not sabotage every due process to recoup their ill-gotten money? Your guess is as good as mine.

Something urgent must be done to reduce the high level of corruption that characterizes electioneering campaigns on these shores. It is for the same reason that the various tendencies in the country are seeking to control the centre. Until we whittle down the huge resources at the disposal of the central authority, we are unlikely to make real progress as a people. Maybe the current fate of oil in the international market will compel us to do the needful.

‘Something urgent must be done to reduce the high level of corruption that characterizes electioneering campaigns on these shores. It is for the same reason that the various tendencies in the country are seeking to control the centre. Until we whittle down the huge resources at the disposal of the central authority, we are unlikely to make real progress as a people’

Robber state can now drink her oil

By Erasmus Ikhide It was a show of unconcealed disdain for the Nigeria masses. The protest against fuel subsidy was partly against her career of gross abuse of office and blatant assault on the volition of the people to benefit from the resources of their nation. While the people haggled and groaned under the excruciating hike in the price of fuel, the federal government remained blunted in its responsibilities to the electorate as stipulated by the constitution.

That profound deadening of consciousness is the sheerest negation of nation-building, where the peoples' demand for access to common till is viewed as doing them favour. Any surprise that President Jonathan gloated and gloried in suppressing protesters who seek the reversal of fuel increments in the past? Even after many people have lost their lives, all the promises of palliatives never came.

Till now, the consistent figure of about N200 billion the Petroleum Products Pricing Regulatory Agency, PPPRA, pays to petroleum marketeers quarterly for subsidy hasn't changed. Yet, Nigeria remains one of the few OPEC members still importing majority of refined petroleum products to the tune of over USD15 billion yearly.

Today, the Petroleum Industry Bill, PIB, has accumulated dust wherever is it kept. This is due largely to the frosty relationship between the Minister and the National Assembly members. This has resulted into her getting court injunction stopping them from investigating the alleged N10 billion allegedly expended on private jets. This is away from the USD20 billion missing in the NNPC accounts as alleged by the former CBN Governor, Sanusi Lamido Sanusi, now the Emir of Kano.

The Presidency is aware that the non-passage of the Petroleum Industry Bill, PIB, is gravely affecting investment in the oil and gas industry and that continued delay is inimical to the nation's economy. The passage of the PIB would have fast-tracked the exploration of oil in many parts of the country where oil has recently been discovered. The President is also aware that the passage of PIB will stem the tide of megacorruption and the suitcase oil portfolios will come to an abrupt end.

We are back to the same position. The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, in alliance with the Petroleum and National Gas Senior Staff Association of Nigeria, PENGASSAN, has embarked on industrial action, grounding the already traumatised economy for lack

of faith in the government of the day. The oil unions are accusing the president of inability to fix existing and build new refineries, bad roads, arbitrary sacking of union members by oil companies.

The Trade Union Congress even took it further. Arising from its National Executive Council, NEC, the central labour union stated: "The congress expresses dismay that the prices of refined petroleum products have remained unchanged despite the significant fall of crude oil prices which the CBN acknowledged as a steady one. We therefore called on the government to direct the appropriate agency to respond by adjusting the pump price of petroleum products, which will ameliorate the impact on the purchasing power by the devaluation of the Naira”.

Over the weekend, the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele disclosed that Nigeria loses N24 billion yearly on waivers granted to importers of crude oil. This is in spite the fact that those enjoying the waiver are the same people as those criminally benefiting from fuel subsidy graft.

Both the International Energy Agency and former U.S. Energy Information chief Guy Caruso predict oil prices are likely to remain lower for a while, barring a major disruption in supply. "It's highly unlikely OPEC gets their act together, so I see prices being weak for the next six months or so," Mr Caruso said.

It's obvious that Nigeria will remain politically stunted, economically traumatised, developmentally backward for many years to come for refusing to diversify. It's a stark choice we have to make. Either we diversify or we start drinking our oil! An anti-state agent? A megalomania? A sadistic fancy? All of them in part. It's because the state itself has become the biggest swindler and crook. A robbers' state! The hope of nation-becoming, which early in 2011 vividly accomplished President Jonathan's restoration's campaigns has faded in the twilight of 2014.

There is no re-telling that Jonathan's moribund regime represents the most harrowing of the nation's nightmares over and beyond even the horror visited on the nation by military juntas. I am certain Nigerians will be approaching the polling booths across the country on February 14, 2015 with one thing in mind: Nations collapse or perish for whom it exists when the loss of force of resistance by the people give way to oppressive despots to triumph in their oppression.

• Ikhide, a public affairs analyst writes from Lagos

THE NATION MONDAY, DECEMBER 22, 2014

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THE NATION MONDAY, DECEMBER 22, 2014

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THE NATION MONDAY, DECEMBER 22, 2014

BUSINESS THE NATION

E-mail:- bussiness@thenationonlineng.net

CEO

JOBS

N15b deal for 20 million artisans - P. 35

‘Genetic Engineering’ll boost food production’ - P. 39

News Briefing

UNIDO: Unemployment still rising

Stakeholders decry 75% waivers STAKEHOLDERS in the palm oil sector are set for a major showdown with the Federal Government over the latter 75 per cent duty waiver granted to importers of crude palm oil, especially operators in the Lekki Free Trade Zone.

–Page 26

• FDI stands at $6.7b

By Toba Agboola

T

Oyo completes N15b Agodi Resort Centre THE Oyo State government has completed the first phase of the estimated N15 billion Agodi Resort and Conference Centre in Ibadan.

–Page 26

Nigeria losing in $80b chocolate market THE President, Federation of Agricultural Commodity Association of Nigeria (FACAN), Dr Victor Iyama, has lamented that Nigeria is not benefiting from $80 billion chocolate confectionery market.

–Page 26

DATA STREAM COMMODITY PRICES Oil Cocoa

-$117.4/barrel -$2,686.35/metric ton

Coffee

- ¢132.70/pound

Cotton

- ¢95.17pound

Gold

-$1,396.9/troy

Sugar

-$163/lb RATES

Inflation

-8.2%

Treasury Bills-10.58%(91d) Maximum lending -30% Prime lending

-15.87%

Savings rate

-3%

91-day NTB

-15%

Time Deposit

-5.49%

MPR

-12%

Foreign Reserve

$39.6b

FOREX CFA

-0.2958

EUR

-206.9

£

-242.1

$

-156

¥

-1.9179

SDR

-238

RIYAL

-40.472

•From left: Executive Director, Maritime Labour and Cabotage, mr Callistus Obi; Director-General, Ziakede Patrick Akpobolokemi and Executive Director, Maritime Safety and Shipping Development, Capt Ezekiel Bala Agaba, during the NIMASA World Press Conference at Eko Hotel, Lagos.

AMCON sells N25b Union Bank’s equity stake T HE Asset Management Corporation of Ni geria (AMCON) at the weekend sold a 20.9 per cent equity stake in Union Bank of Nigeria (UBN) Plc in a deal worth more than N25 billion.

A reliable market source confirmed to The Nation that AMCON made the block divestment through the Nigerian Stock Exchange (NSE).

Daily Summary of activities at the NSE at the weekend also indicated unusual voluminous transactions in Union Bank.

The deal involved transfer of about 3.538 billion ordinary shares of 50 kobo each at indicative market price of N7.16 per share, totaling N25 billion. This represented about 20.9 per cent of the current 16.936 billion outstanding issued shares of Union Bank.

A reliable market source said the transaction was undertaken on behalf of AMCON by Chapel Hill Denham Securities, a brokerdealer that had recently done similar transaction on behalf

By Taofik Salako

of AMCON. The deal was done through the negotiated cross deal platform of the Exchange, a special-purpose trading platform that is meant for voluminous transaction equivalent to five per cent or more of the issued shares of any company.

By the cross deal, it implies that the buyer and the seller had been prearranged and the transfer at the stock market was a mere perfection of the agreement between the two. The negotiated cross deal allows the parties to the deal to close the deal at reduced cost.

Details about the investor that bought the AMCON stake were unavailable, although Union Global Partner, the multinational core investor in Union Bank, had earlier bought additional equity stake from AMCON.

Following a successful restructuring, Union Global Partners had in 2012 pushed its controlling equity stake to three-quarter of issued shares of the bank with additional purchase from AMCON. The cross deals then, like now, placed Union Bank as the most active stock with a turnover of about 4.33 billion shares valued at N15.83 billion in 55 deals.

Union Bank’s share price was around N3.84 per share then.

The current sale by AMCON appeared to validate the government’s special purpose bad-debt bank confidence that it would unlock values in its interventionist purchases and reimburse the taxpayers’ funds used to assist troubled banks.

Union Bank of Nigeria recorded gross earnings of N74.8 billion in third quarter 2014 as against N79.9 billion in comparable period of 2013. Profit before tax rose

from N6.8 billion to N8.3 billion while profit after tax increased from N7.6 billion to N8.1 billion.

Group managing director, Union Bank of Nigeria, Mr. Emeka Emuwa said the third quarter activities were focused on continuing and consolidating the bank’s transformation efforts to ensure it maintains strategic focus in key areas and deliver operating results according to plan.

“Building upon the transformation work already in progress over the past 18 months, we have hired a transformation director to institutionalize and lead the bank’s transformation management office which coordinates, centralises and tracks transformation workgroups to ensure transformation achievements are embedded and delivered.

We will continue to invest in our people and platforms with a view to delivering innovation and superior service in the short to medium term,” Emuwa said.

HE Representative and Regional Director, United Nations Industrial Development Organisation (UNIDO), Dr. Patrick Kormawa, said the volume of investment flow into the country between last year and this year has hit $6.7 billion.

He lamented that in spite of this, unemployment gap kept increasing, adding that women were worst hit by the problem.

He said: “We are all aware that Nigeria has been growing at about seven per cent per annum over the past 10 years, but despite the growth, unemployment has been on the rise. Certain sectors of the economy are still importing labour from outside the country, yet we have people crying for job but when people come to the job market, they don’t meet up to the standard.”

He noted that in 2011, the unemployment rate as reported by the National Bureau of Statistics (NBS) was 23.90 per cent from 5.30 per cent in 2006, while the National Population Commission (NPC) said about half of those seeking employment was made up of youths, defined as individuals between 15 and 34, regretting that as the youth population grows so does the unemployment rate.

He said: “In terms of gender, available statistics show that the majority of unemployed youth are women.

They accounted for more than 50 per cent of the unemployed.

“One of the reasons for rising unemployment is the mismatch between available skills and the needs of the labour market.

“Another reason was the inadequacy of the educational curricular to adapt quickly to changing industrial needs, while attitude to work and lack of entrepreneurial acumen are other factors.”

IATA blames non-implementation of accord on poor connectivity

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HE International Air Transport Association (IATA) has attributed poor air connectivity among African states to poor implementation of liberalisation policy of air transport otherwise known as Yamoussoukro Decision.

The Head, External Relations for IATA in Africa and Middle East, Adefunke Adeyemi, said since the adoption of the liberalisation policy in 1999, many Africans have been slow in the implementation of the policy.

She said ifAfrican countries

By Kelvin Osa Okunbor

hasten to implement the policy, the benefits would be immense.

She said many African countries needed to take advantage of the tremendous opportunities available in implementing the policy.

Part of the drawbacks of not bringing the policy to being, she said, accounts for poor air connectivity among African states.

She said: “Africa is a continent of over one billion people with a huge geographical spread that is largely land-

locked. Given the lack of robust alternative infrastructure that traverses the continent (road, rail, water), aviation is the effective way to get around Africa.

“Unfortunately, Africa is not well connected in terms of air services. In many cases, the only way to get to countries in Africa is to travel for days or through other continents.

This lack of connectivity is making Africa lose out immensely on socio-economic benefits and growth opportunities.”

To solve the problem, she said, the group inaugurated a

study this year on how to Africa could enhance its economic development through air connectivity.

Adeyemi said: “In collaboration with some of its regional partners across Africa, IATA commissioned a study early this year on how Africa’s socio-economic prospects can be transformed through enhanced connectivity.’’

“The study looks at 12 countries across Africa, and quantifies the numerous benefits that would accrue to those countries, their sub-regions and Africa as a whole, if they were to fully open their skies

to connect with each other.

“The 12 nations in the report are Algeria, Angola, Egypt, Ethiopia, Ghana, Kenya, Namibia, Nigeria, Senegal, South Africa, Tunisia and Uganda.

“The study shows that full air connectivity across those 12 countries would generate an additional $1.3billion in GDP (gross domestic product), over 150,000 new jobs and numerous other socioeconomic benefits in just those 12 countries. Imagine what this could mean if all 54 countries in Africa opened up to each other. It would be a game changer.

THE NATION MONDAY, DECEMBER 22, 2014

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BUSINESS NEWS Palm oil: Stakeholders threaten showdown over 75% waivers

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TAKEHOLDERS in the palm oil sector are set for a major showdown with the Federal Government over the latter 75 per cent duty waiver granted to importers of crude palm oil, especially operators in the Lekki Free Trade Zone.

Industry source revealed that consultations are ongoing among the stakeholders, such as National Palm Produce Association of Nigeria (NPPAN); Vegetable and Edible Oil Producers Association of Nigeria (VEOPAN), Vegetable & Edible Oil Sector of Manufacturers Association of Nigeria (MAN) and Plantation Owners Forum of Nigeria (POFON).

An operator, who craved for anonimity, said the Councils of the associations would meet onn the issue.

The operator said the 75 per cent waiver could best be described as nailing the coffin of the oil palm economy and burying it.

Recently, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, lamented that Nigeria loses

By Daniel Essiet

at least N20 billion yeary due to the importation of palm oil.

The CBN governor, who was addressing the management of PZ Wilmer after a tour of the oil palm plantation, said: ”This country is losing N20 billion by the 75 per cent waiver given to people who import palm oil into Nigeria. We will work very hard to stop that because we need our revenue in our coffers.”

President of the NPPAN, Henry Olatujoye, said: “To me, the owners of the Lekki FTZ are out to kill Nigeria’s effort to develop our palm oil industries and they are treating us like goats.

Give the goat a green grass and you have your way.

This has to stop immediately. We are appealing to the government to immediately remove that clause from the Act and close the Lekki FTZ with a view to review the activities of the companies operating in the Zone.”

Oyo completes N15b Agodi Resort Centre project

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HE Oyo State govern ment has completed the first phase of the estimated N15 billion Agodi Resort and Conference Centre in Ibadan.

The first phase costs about N4 billion and when completed in the next three years, is expected to generate about N500 million revenue yearly. The centre would complement the zoo in Ibadan as a tourist attraction.

The centre would accommodate a world-class conference centre, recreational facilities and about five-star hotel near the venue as it is expected to host international events.

To ensure that the centre, which sits on about 62 hectares in-between the state government Secretariat and Premier Hotel, Ibadan is well run and sustained, the government entered into partnership with a private sector operator, JD Capital, a multidisciplinary group of companies focused on infrastructure development and entertainment.

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HE National Assembly has been urged to come up with a legal framework that will allow the refining of crude oil extracted in the country.

This would give way for the establishment of modular refineries across the states, especially the Niger Delta region, to grow the Gross Domestic Product (GDP) and create employment.

The Niger Delta Environment and Relief Foundation (NIDEREF) made the call during a roundtable in partnership with the Centre for Gas, Refining and Petrochemicals, Institute of Petroleum Studies, University of Port Harcourt, the Rivers State capital.

It has as the theme, “Promoting modular refineries in Nigeria.’’

Speaking on Government policy, modular refineries and their potential economic benefits, the former Group General Manager, Corporate Planning and Development, Nigerian National Petroleum Corporation, Dr, Joseph Ella, frowned at the country’s mono-economy and the

From Rosemary Nwisi, Port Harcourt

idea of hinging yearly budgets on crude sales.

Ella, who also condemned the practice of trading on crude rather than products, maintained that the economy would be better off if the government reconsiders this, diversify its resources by investing in other countries, the way it appeals for investors into the country and insist on selling refined products only.

He said: “The government goes out to woo countries to come and invest in the country: they should also invest outside, especially crude oil refining where we know we have the raw materials. This will, in a long way, settle the panic that comes with fluctuating price of crude because it will not affect us directly. The up and down movements of oil price is affecting us directly now because we are depending on crude and not products.

“The refinery we are advocating will be for Nigerians for as long as there is crude oil in Nigeria. Any situation where you contemplate the PIB (Petroleum Industry Bill), where our oil resources will be sold in the stock market, crude or gas for any reason, is not for the good of the nation and privatisation of the upstream should not be negotiable.

“This is because if we are not able to play our roles in OPEC (Organisation of Petroleum Exporting Countries) any longer, then OPEC is destroyed and when OPEC is destroyed, the oil industry is destroyed, the only way OPEC is destroyed is that it destroys one member after the other.

“The role of OPEC in the oil market cannot be overemphasised.

Without OPEC, crude price will crash so drastically. To be a member of OPEC, you need to control over 50 per cent of your crude reserve, if we

sell off our upstream as anticipated in part of the PIB, then we will not control 50 per cent of our crude oil.

“Beside this control of oil industries going out, I think that the PIB is a good document that should be looked at, but amendment should be made to accommodate the host communities, and host community fund should not be from 10 per cent of marginal profit but from royalties which is actually what supposed to go to the communities, but at present, it has been taken by the Federal Government because of Land Use Act.” Justifying the establishment of modular refineries, he said: “In every industry, there is small and large scale. In the case of modular refinery, it is a small scale refinery which could be located in most parts of the Niger Delta so that most youths in the region could get jobs, to improve on the economy of the people of the place and ensure that we refine every crude oil we produce in a proper, well organised way.

By Adedeji Ademigbuji

Speaking with The Nation in Ibadan while announcing the first concert that will hold at the venue, Chief Executive Officer, JD Capital, John Darlington, who commended the visionary leadership of Governor, Senator Abiola Ajimobi, said the governor was inspired to embark on the rejuvenation of the garden for its tourism attraction after it had been abandoned by past governments.

He said the concert would feature international and Nigerian artistes, such as D’banj, Yemi Alade, P-Quare, Shina Peters and Demola Olota.

To wrap up the year and usher in the new year, Darlington said the organisers would hold an event tagged ‘Sharing 31st’ and to usher in the new year with the governor’, a festival of fireworks and lights.

Promising that the centre would run as a business enterprise, he said the focus was on long term between the next 18 and 36 months.

Partnership approach to waste management rewarding, says Fashola AGOS State Governor, Mr. Babatunde Fashola, has commended the introduction of participatory and partnership approach to achieving sustainability in waste management.

He said his administration have exhibited immense commitment to environmental issues in addition to dedicating enormous will to improving waste management practices, making it an investors first choice in the state.

He spoke at a forum in Lagos on “Multi-stakeholder cooperation for knowledge and capacity development in waste management” organised by the Lagos Waste Management Authority (LAWMA) in collaboration with the International Partnership for Expanding the Waste Management Services of Local Authorities (IPLA), a platform initiated by the

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‘Legal framework to ensure local refining of oil vital’

By Okwy Iroegbu- Chikezie

United Nations Centre for Regional Development (UNCRD).

He said waste management had gone from the mundane to a huge income generating business, noting that LAWMA has given impetus to waste generation in the country and in some West African countries, such as Sierra Leone, Ghana, Cote D’ Voire and many cities.

He praised the agency for investing in Biogas and transforming it as the waste is converted to electricity.

Earlier, LAWMA Managing Director, Mr. Ola Oresanya, said the sector generates over $100million into the state economy with massive job creation opportunities from 1,000 employees in 2005 to 27,000 jobs today.

• From left: General Manager, Microsoft Mobile Devices and Services, West Africa, Joseph Umunakwe; first draw winner, Chukwudi Anayo and Senior Product Manager, Microsoft Mobile Devices and Services, West and Central Africa, Olumide Balogun; during the presentation of car keys to winners of the Lumia Christmas Promo in Lagos.

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Why Nigeria is not partaking in $80b chocolate market

HE President, Federa tion of Agricultural Commodity Association of Nigeria (FACAN), Dr Victor Iyama, has lamented that Nigeria is not benefiting from $80 billion chocolate confectionery market.

He blamed this on the inability of the nation to increase its yearly production to one million tonnes to be at par with Ghana and Cote d’Ivoire.

Iyama told The Nation that at 270,000 tonnes, Nigeria was far behind Ghana and Cote d’Ivoire at one million tonnes and 1.5 millions tonnes.

He recalled that some years ago, Nigeria was ahead of Cote when yearly production stood at 400,000, and Cote d’Ivoire 380,000.

On the campaign to encourage local producbers to make chocolate for export, Iyama,who is also the chairman, Board of Trustees, Cocoa Association of Nigeria (CAN), said European con-

sumers would patronise chocolate made in Africa.

He argued that it would be unrealistic for local companies to embark on producing chocolate for export as such the product would not secure a better price.

Right now, he said cocoaprocessing companies are facing high charges exporting their products to Europe with new trade terms introduced by European Union (EU).

This, according to him, makes Nigeria-origin cocoa butter and cake less competitive in the international market and a direct loss of revenue to the local processing industry.

According to him, the concern how much money they have to spend at the end to get their products rejected at the global market.

To avoid this, he called on farmers to increase production of cocoa product for mar-

kets in Nigeria and West Africa, adding that the scope for expansion is enormous.He said, however, that local consumption of chocolate was small and as such not encouraging local development of the products.

He urged the government to encourage local manufacturers to produce chocolate by buying the end products and distributing them to school students, explained that would help to develop local taste for chocolate sector.

For cocoa producers to make money, he said the research institute should make efforts to develop fine/flavoured cocoas species for farmers to plant, adding that it attract the interest of producers of premium chocolate brands in ways that enhance their net revenue positions and provide a secure base for long-term investments.

His words: “Seek ye the

kingdom of sizable cocoa production first and every other thing will be added onto you. ‘’Except local processing companies are ready to take the beans and process for local consumption, he argued, processing into flour is not profitable.

“Cocoa processing is not a profitable venture for now in this country, if the intention is to export cocoa butter, cocoa cake, the bye products or the products, the factors that are affecting cocoa beans export are also affecting the further processing of cocoa.

“You know why, because the same buyers dictate the price at which you sell. “You will know that any business or venture or manufacturing concern that you set up, the ideal thing is for you to sit down compute what your cost of production is, you put a margin and fix your price, but can you do that with cocoa or cocoa butter or cocoa cake?, you can’t.

27

THE NATION MONDAY, DECEMBER 22, 2014

BUSINESS NEWS

Tanzania’s GDP expands by 32% after rebasing T ANZANIA’s gross domestic product has expanded by 32 per cent after the state rebased its calculation to incorporate new sectors in the economy, including big discoveries of natural gas, officials said.

The East African country’s GDP stood at 69.8 trillion Tanzanian shillings ($41.33 billion) last year after the rebasing, up from a previous estimate of 53 trillion shillings, the National Bureau of Statistics (NBS) said.

“The rebasing of the GDP takes

into account new transformations in the economy, such as the ongoing mobile phone revolution in the country,” Finance Minister Saada Mkuya told a news conference.

Farming remains Tanzania’s economic mainstay, while tourism, mining, communications and financial services are the other key sectors. Tanzania has also made big natural gas discoveries, with revenues expected to give a boost to the economy by 2020.

As with other rebasings in Africa, the move takes into account structural and other economic changes, such as fast-growing mobile phone communications and ongoing hydrocarbon exploration activity.

The base year for calculations was changed to 2007 from 2001 and the NBS said GDP growth for 2013 was subsequently revised up to 7.3 percent from seven per cent previously.

Humphrey Moshi, a professor of Economics at the University of Dar es Salaam, said the expansion would give investors more confidence in

Tanzania.

“The rebasing of the GDP will allow for comparability of economic data between Tanzania and its east African neighbours such as Kenya and Uganda, which have also recently rebased their economies,” he told Reuters.

Kenya, East Africa’s biggest economy, revised up its GDP by 25 percent to $53.4 billion in 2013 after rebasing, from $42.6 billion previously.

However, Moshi said the

economy still faced serious challenges, such as a budget deficit and inflationary pressures.

“Power availability remains erratic and the government needs to restore the trust of donors after they suspended aid to the country due to high-level corruption scandals.”

Tanzania’s Attorney-General resigned, becoming the first political casualty in an energy corruption scandal that has led Western donors to delay aid.

Conoil opens station in Abuja

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•From left: Head, Business Development, Information Technology and Mobile, Samsung Electronics West Africa, Mr. Olumide Ojo; Head, Product Marketing, Information Technology and Mobile, Samsung Electronics West Africa, Ms. Olajumoke Okikiolu; Samsung Electronics Brand Ambassador, Banky W and Business Development Director, Information Technology and Mobile, Samsung Electronics West Africa, Mr. Daesong Ra, at the unveiling of the new Samsung Galaxy A Smartphone Series and premiere of Banky W’s “A Music Film Experience” movie in Lekki, Lagos.

Zambian mine rise to cost 12,000 jobs, says Chambers A NEW Zambian tax system that prompted Barrick Gold Corp. (ABX) to halt operations at its Lumwana mine may lead to 12,000 job losses in the industry next year, the country’s mines chamber said.

The system that takes effect on January 1 may also push companies, including Glencore Plc (GLEN) and First Quantum Minerals Ltd. (FM) to cancel projects, and cut Zambia’s copper output by more than 158,000 metric tons next year, the Chamber of Mines said in a statement. That risks further slowing economic growth in Africa’s second-biggest producer of the metal that the International Monetary Fund said yesterday may fall to a 12-year low in 2014.

Zambia’s parliament this week approved Finance Minister Alexander Chikwanda’s 2015 budget, which includes a law replacing corporate income tax for mines with

higher royalties. Levies for opencast mines rise to 20 percent from 6 percent and increase to 8 percent from 6 percent for underground mines.

“The 2015 budget will adversely impact tens of thousands of lives, and we ask government to pause whilst it reconsiders its implementation on Jan. 1,” the chamber said.

The government won’t reverse the tax changes as the system will allow the country to get its “fair share” of revenue from the industry, state-owned ZNBC radio cited Mines Minister Christopher Yaluma as saying.

Barrick said yesterday it would start the process to place its Lumwana copper mine under care and maintenance because the new tax system made the operation unviable. Zambia lost its place as

Africa’s biggest copper producer to the Democratic Republic of Congo last year, when output was about 790,000 tons.

“With the passing of the new mining fiscal regime in Zambia, there could be other marginal mines in Zambia that could be at risk of closing,” Patrick Jones, an analyst with Nomura International in London, said in an e-mailed reply to questions. The local units of Glencore and Vedanta Resources Plc “are likely now under greater pressure than before and thus could be at risk’’.

Lumwana has about 4,000 workers, while the industry employs a total 62,236 people, according to the chamber’s website.

Chileshe Kandeta, a spokesman at the finance ministry, didn’t answer two calls or reply to two messages seeking comment.

‘Amend Export Incentive and Miscellaneous Act’

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HE Director-General, Association of Nigerian Exporters, Prince Joseph Idiong, has called for the amendment of Export Incentive and Miscellaneous Act 65 of 1992.

He said this became necessary because the Act deals with export incentives and also streamlines some funds that are meant for export.

Idiong said this during the inauguration of the executives of Nigerian Export Promotion Council (NPC) in Port Harcourt, the Rivers State capital.

He urged stakeholders to take a proactive step to ensure that laws which are not in tandem with the

From Precious Dikewoha, Port Harcourt

Export Incentive and Miscellaneous Act would be amended for the free flow of exports.

He noted that as far as there was no active export incentive law, we could not compete favourably with China, the United States and other strong markets in the world.

He said: “If there is no active export incentive law that has requisite incentive that can compete with what other country have, you can never be a competitor.

We must also make sure that the government goes to the private sector to have national export

strategy every year.’’

He continued: “We don’t want to make only advocacy, we want the expert to re-write the law and the proposal will be taken to National Assembly. And at that time the executive will discuss with us and it can become executive act. We want miscellaneous act 65 of 1992 to be amended so that export could easily fly.

“Of course, if this act is amended it would assist the economy in the flow of dollars because you are producing at the same time exporting.

Many companies will have access to dollars and wouldn’t be going to central back or standing along the road to buy dollars.”

IL marketing giant, Conoil Plc, has re-opened its station at Herbert Macaulay Road, Abuja to serve the needs of the residents of the Federal Capital Territory (FCT).

The station is fashioned after the company’s mega station model it pioneered in the petroleum marketing industry, 14 years ago.

Designed to meet the changing needs of consumers, the company’s one-stop mega station model not only sells petroleum products, but also offers a variety of value-added consumer services that delight motorists.

The Abuja ultra-modern station is equipped with hi-tech, pressurized nozzle pumps and gadgets with the capacity to dispense fuel to an average of 15 cars in just five minutes at 40-litre fuel per car. The firm said motorists were assured of prompt, reliable and efficient service delivery 24 hours daily, and seven days weekly.

With 270,000 litre storage capacity for petroleum motor spirit (PMS), 90,000 litres for AGO (diesel) and 45,000 litre for DPK (kero-

sene), the station has 19 multi-product nozzles to dispense petrol, diesel and kerosene.

The product capacity of the station and its quick and efficient service delivery would be most expedient during rush hour and petrol scarcity.

The company said it had, through the reconstruction of the Abuja station, reiterated its determination to continue to set standards in the industry by ensuring superior service delivery and superior customer satisfaction.

Conoil said it had proved its determination to set the pace in customer service delivery by changing the face of retail business with enhanced customers’ fuelling experience.

According to the company, the strategy is to provide top quality products and convenience services that would guarantee customer loyalty.

It added that it would not relent to increase visibility of its quality products and services across the country and in the West African sub-region.

Ethiopian Airlines gets award

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THIOPIAN Airlines has received the “Best Airline to Africa” by one of the most prominent travel magazines in the United States, Premier Traveler.

On the award, the Chief Executive Officer (CEO) of Ethiopian Airlines Group, Tewolde Gebremariam, said: “We are honoured that Premier Traveller Magazine’s readers in the U.S. have selected us as the best airline for travel to Africa. I wish to thank them for this vote of confidence, which once again reaffirms the quality of the service and product we offer. We offer the best connectivity options for the travelling public between Africa and the US,

thanks to our daily flights from Washington D.C. using the ultramodern B777s and B787s, and our extensive African network covering 49 destinations with daily and more flights. ‘’In June 2015, we will further cement our position as the airline of choice for travel between Africa and the U.S. by adding Los Angeles as our second point in the U.S. Our flights connecting Addis Ababa, Dublin and Los Angeles will be operated with the B787s, which offers unmatched on-board comfort, and will be the only direct service connecting Africa with Ireland and the West Coast of the United States.”

Arik Air launches travel pack

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RIK Air has launched in Lagos a ‘travel package’ product christened Arik Explorer , which incorporates airline seats with hotel and other ancillary options, such as car hire and travel insurance.

The Arik Explorer offers travel package at two levels: ‘Premium’ and ‘Affordable’.

The offering will be for both outbound and inbound travel from Lagos and other destinations serviced by Arik Air. The packages can be tailored to suit the needs of the airline’s guests.

According to the Managing Director of Arik Explorer, Mr. Kencho Omojafor, the business strategy of the company will revolve around the need to provide quality service to the various target customers with the view to fully satisfy their needs.

This will be undertaken through the recruitment of a professional team and the provision of good quality custom-designed travel

packages, catering to the guest’s particular needs.

“We will continuously provide enjoyable quality excursions/trips/ hotels on time and on budget, develop enthusiastically satisfied customers all of the time, and establish a market presence that assures short-term and long-term profitability, growth and success”.

Arik Explorer’s product will be segmented into premium market searching for luxury and convenience, affordable weekend packages and short breaks during the week, special interest packages including group bookings, company retreats as well as business and leisure travellers to Arik Air destinations.

“Arik Explorer will establish a reputation as a differentiated, specialty provider of city/adventure travel and excursions. We will also provide unparalleled service to our local and international tourists, to Nigeria, The West Coast and beyond,” Omojafor stressed.

28

THE NATION MONDAY, DECEMBER 22, 2014

THE NATION

BUSINESS INSURANCE

Mutual Benefit boosts housing with Mutual Alpha Courts

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O complement government initiative on the provision of affordable housing for Nigerians, Mutual Benefit Group is offering 18 blocks of 54 units and two blocks of two units of a residential estate, Mutual Alpha Courts located within the Costain area of Mainland Local Government Area of Lagos State on a mortgage plan.

Its Group Managing Director, Dr. Akin Ogunbiyi who spoke during the inauguration of the scheme in Lagos said the housing needs of Nigerians have been put at 17 million and recent efforts by government at all levels and the private sector fall very short of what is required.

He said the firm’s foray into housing development was to comple-

Stories by Omobola Tolu-Kusimo

ment governments’ initiatives at providing affordable homes to Nigerians.

He commended Lagos State Governor, Babatunde Fashola’s effort for providing 300 houses to date.

He said the governor had also noted the fact that prohibitive costs would not allow the government to provide the expected cheap houses.

He said: “President Goodluck Jonathan’s effort has also been commendable. Few weeks ago, the Federal Government launched the first 60,000 mortgages to signpost the commencement of the Presidential Initiative for the delivery of the

Capital Express’ gross premium hits N3.4b

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APITAL Express Assurance Limited has achieved a gross written premium of N3.42 billion for the year ended 31 December 2013 against N2.8 billion recorded in 2012, a growth rate of 22 per cent in generated premium.

The company’s net premium income on the other hand, dipped by 11 per cent from N2.79 billion in 2012 to N2.49b in 2013.

However, underwriting profit recorded a 114 per cent growth from N344 million in 2012 to N735 million last year.

In spite of the harsh operating space, loss for the year was significantly brought down from N517 million in 2012 to N109 million last year.

Its Chairman, Otunba Babatunde Adenuga who spoke during the 13 th Annual General Meeting (AGM) of the firm in Lagos, said the growth prospects of the firm in the coming year remain modest due to the high uncertainties surrounding commodity prices, rising cost- push factors, increased volatilities in the foreign exchange market, and tight monetary policy stance.

He also said this notwithstanding, assessments within the Central Bank of Nigeria (CBN) suggests that the economy is projected to remain strong, driven largely by increased growth in agriculture, trade and services, while activities in the oil sector are projected to recover this year.

He added that the company will position itself to take advantage of any business opportunity available in the economy to ensure an improved performance in the years ahead.

On the insurance industry, the chairnan said it has been characterised by certain weaknesses over the years. He said if the weaknesses are addressed, it will position the sector to realise most of its potentials as well as attract sufficient businesses both locally and internationally.

He said: “The industry has started to witness a lot of emerging opportunities on the back of current government legislation which has supported the prospects of growth in the industry. This legislation has triggered strategic mergers and acquisitions, interests from foreign investors as well as increases in competition and standard among players in the industry.”

houses under the Nigerian Mortgage Refinancing Company (NMRC).

“According to the Coordinating Minister of the Economy and Finance Minister, Dr. Ngozi OkonjoIweala, the initiative was designed to address limitation by banks to deliver mortgage services. At the last National Insurance Summit organised by the CME, the insurance industry was charged with the responsibility of supporting government’s initiative on the provision of affordable housing for Nigerians.”

Ogunbiyi said the provision of houses by Mutual Group through mortgage services is a clear response to the CME charge to the

industry.

He said three years ago, Mutual Benefit commenced the construction work on Mutual Alpha Courts, located within the Costain Lagos State.

He said: “The estate is made up of four bedroom apartments on the two floors with an additional twobedroom apartment on the ground floor as service quarters or income generator if leased to a tenant and has easy access to main arterial axis roads to the Island and the state capital, Ikeja, via Funsho Williams Avenue/Eko Bridge and Third Mainland Bridge.

“It is worthy of note that while prelimimary activities were in progress, Lagos State witnessed the

most devastating flood to date in its history in the month of August 2011. Our company quickly went back to the drawing board, drainages were raised by as much as 600mm in some parts, and all foundations were raised to ensure that if such rainfall, with its attendant flooding ever occurred again, the estate will be safe and today, the estate is sitting pretty on what used to be a very deep swamp.

“What differentiates the Mutual Benefits brand is that we use insurance to bring enduring value to the relationship with our customers.

“Our needs-based selling model makes it compelling for us to provide beneficially unique risk management solutions.” he said.

Nigeria has 2748 professional insurers, says CIIN W

ITH the addition of three members’ conferred with fellowship title by the Chartered Insurance Institute of Nigeria (CIIN) and 122 associates graduands, the number of registered professional insurers in the country now stands at 209 fellows and 2,748 associates, its President, Mr Bola Temowo has said.

Besides, Temowo said the institute has taken into cognizance, the new mandate by the Federal Government requiring the insurance sub-sector to create 150,000 new jobs in the next three years and 300,000 in the next one decade.

Temowo who spoke at the insti-

• To withdraw errant members’ certificates

tute’s Graduation and Fellowship Awards Ceremony in Lagos said the establishment of the College of Insurance and Financial Management planned to take off fully in the first quarter of next year is a significant development in the direction of getting more people into the insurance industry.

He said with academic programmes on the verge of take-off,

the college is poised to provide ample opportunities for persons desirous of joining the industry.

Temowo however threatened to withdraw the certificates of members who breach the examination process and engage in other unethical practices.

He said: “Let me state unequivocally that the Institute reserves the right to withdraw its certificate from any holder, if it discovers any breach of the examination process.

“A further reason for such withdrawal of certificates could emanate from acts unexpected of a holder of the Institute’s professional qualification. This policy remains in force.”

LASACO strenghtens marketing drive

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LASACO Assurance Plc is strengthening its marketing drive by re-invigorating the various branches to deliver on cutting edge insurance services, Group Managing Director, LASACO Assurance Plc, Mr. Olusola LadipoAjayi has said.

In a statement, he stated that the drive is part of the company’s strategic growth plan for better market penetration.

He said: “The company which operates through branch structure organised on regional basis be-

Stories by Bukola Bolajoko

lieves that its growth permutations and postulations are dependent on result oriented aggressive marketing.

“It operates and drive its marketing effort through Southwest, Southsouth, FCT Northern regions and a public sector directorate. It has perfected plans to ensure that each regional office adopts situational approach that would deepen the brand’s penetration in their areas of jurisdiction.”

NAICOM: Jonathan reappoints Onekhena

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RESIDENT Goodluck Jonanthan has approved the reappointment of George Onekhena as Deputy Commissioner for Insurance, Finance and Administration of the National Insurance Commission (NAICOM) for a second term.

A statement endorsed by NAICOM Head, Corporate Affairs, Rasaaq ‘Salami, reads: “Onekhena’s reappointment was conveyed in a letter referenced SGF. 47/S.9/11/636, dated December 11, 2014 and signed by the Secretary to the Government of the Federation Anyim Pius Anyim.”

Onekhena was appointed in No-

• Jonathan

vember 2009.

A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Onekhena’s contributions to the Commission and industry are invaluable, the statement added.

• From left: Vice Chairman, Standard Alliance Insurance Plc, Brig.-General Dominic Oneya (rtd); Chairman, Olorogun O”Tega Emerhor; Alhaji Sa’ad, and Company Secretary, Mrs Orerhime Iwuagwu, during the Annual PHOTO: MUYIWA HASSAN General Meeting (AGM) of the company in Lagos.

Standard Alliance grosses N3.7b in 2013

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TANDARD Alliance Insur ance Plc has recorded a gross premium of N3.78billion just as it has paid out N1.07billion in claims to its policyholders, its Chairman, Alhaji Aliyu Sa’ad has said.

He spoke during the company’s Annual General Meeting (AGM) for the financial year ended December 31, 2013.

According to him, much of this drop related to the expected impact of the ‘No Premium, No Cover’ policy as well as the slow growth of the economy.

He said the underwriting profit was N3.13 billion as against N4.99 billion in 2012, a decrease of 37 per cent. The company recorded a loss of N240 million as against N 1.05 billion in 2012.

He said: “The improvement in performance in comparison to the

• Pays N1.07b claims loss made in 2012 was a result of cost optimisation and prudent management of ‘No Premium, No Cover’ policy in the year under review.

“We are, however, encouraged that the company continued to make operating profit from its core business. We are, therefore, determined to turn the cycle and return the company to profitability in 2014 and beyond.”

He noted that available investment opportunities for the insurance industry in the country’s operators include the local content initiative of the Federal Government in oil and gas sector, investment in physical infrastructure and the convergence of the pension industry and the health management organisations (HMOs).

He said: “Government’s target of 70 per cent local content provides significant opportunities for insurance companies whose capacity had hitherto been a hindrance to meeting earlier targets. The obvious infrastructure needs of the country also provides companies with alternative investment avenue and business opportunities.

“Year 2013 marked a major shift in the history of the industry with the full implementation and enforcement of ‘No Premium, No Cover’ rule as provided for in the lnsurance Act, 2003. This was initially intended to take effect in October 2012 but was later shifted to January 1, 2013.”

He explained that this meant that only cash production was recorded in the books of the company, thereby reducing the burden of receivables faced by many insurance companies.

THE NATION MONDAY, DECEMBER 22, 2014

29

ISSUES Airports as economic and social infrastructure are expected to be catalyst for accelerated development, where they are sited. But, attendant low passenger and cargo traffic into some airports is raising doubts over their economic viability, Senior Correspondent KELVIN OSA OKUNBOR reports.

• Sir Ahmodu Bello International Airport, Kebbi

How viable are states’airports?

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IRPORTS are springing up in many state capitals.

Without considering its economic viability, many states are embarking on the money guzzling facility.

Aviation experts are worried over the increasing number of airports across the country, wondering how viable they are.

Last month, Kebbi State became the latest state to inaugurate an airport.The N17billion airport is named after the late Premier of Northern Nigeria, Sir Ahmadu Bello.

About four years ago, Jigawa State opened the Dutse International Airport.

States that have built airports include: Akwa Ibom, Katsina, Bauchi, Gombe, Delta and Taraba.

To experts, some of these airports are not economically viable because passenger traffic into them does not match the huge investment outlay on such facilities.

While a lot of activities are going on at the Delta State Airport in Asaba, with three airlines: Aero, Arik and Air Peace connecting flights in and out of the place, the same cannot be said for the Katsina State Airport, where there are no scheduled operations.

The level of flight activities at the Uyo Airport in Akwa Ibom State, with Aero, Arik, Dana Air, and Discovery Air pro-

viding scheduled flights cannot be compared with Bauchi and Gombe where only Overland Airways provides flight services.

The Taraba State Airport in Jalingo is pathetic case. No airline operates flights into the airport for now.

Worried by this trend, experts argue that the states must step up efforts to attract economic and business activities to the airports to make them viable.

Some industry analysts reason that the states must woo airlines to operate into such airports by developing the routes to make them viable.

One of the ways of doing this, they say, is to offer incentives to airlines to increase the frequency of flight operations into those airports.

While concerns over the viability of these

‘

airports is growing, more states have signified their intention to build their own airports.

They include: Kogi, Ogun, Ekiti, Osun, Zamfara, Lagos, Anambra and Bayelsa. Construction is on going in some of these states.

The question that many are asking borders on the rational for states to invest billions of naira into a seemingly unviable project.

In an interview, Kebbi State Governor, Saidu Dakingari, said airports are futuristic projects needed to link any state to the national air link.

He said there is nothing wrong in states building airports because they serve as a catalyst that accelerate economic development.

The Kebbi State governor said airports as essential air transport infrastructure has the capacity to open up any state for business

Worried by this trend, experts argue that the states must step up efforts to attract economic and business activities to the airports to make them viable.

Some industry analysts reason that the states must woo airlines to operate into such airports by developing the routes to make them viable.

’

opportunities to the world, if there is a link by air.

He said the Sir Ahmadu Bello International Airport in Kebbi, could not be described as unviable because its location is best suited to serve as a hub for agro allied export not just for the State, but also serve neighbouring countries including Benin, Republic of Niger , Mali, and other countries.

He said state governments are investing in airports to create an avenue where agro allied produce for such an area could be flown by air into the international market.

Though an initiative of Kebbi, the Sir Ahmadu Bello International Airport, the governor said, is already in discussions with some foreign carriers including Emirates, which is considering the use of the facility for cargo and passenger operations between Abuja - Kebbi into Cotonou and Niamey.

He said if the airport were not viable such offers would not be in the burner .

"In the North today, airports are a catalyst for development. Accessibility to any place using the airport is key in running any business. Our airport in Kebbi is already receiving the attention of private sector players,” he explained, adding that • Continued on page 30

THE NATION MONDAY, DECEMBER 22, 2014

30

ISSUES

• Onyema

• Dakingari

How viable are states’ airports?

• Continued from page 29

Dangote is planning to put over $9 million investments in the agro- allied produce in the state. ‘’In the state, the availability of the airport In Kebbi is drawing investment. ‘’This airport is very busy, it will grow passenger traffic and there is a lot of viability for this airport. So, people who say that state airports are are not viable are not saying the truth. ‘’This airport is futuristic, we are Looking at private sector players leading the airport by airlines like Emirates, Ethiopian Airlines. ‘’These airlines could use this airport as a hub to drive cargo development within West Africa. ‘’One key strategy is for us to use consultants to drive development by attracting more more airlines into this airport .

Our strategy is to attract more airlines to make the airport more viable , other than having just a single carrier, we could open discussions with many airlines , including Arik and Aero to make the airport more viable. ‘’Our goal is to run the airport efficiently.

Our plan is develop the airport to connect it with the Inland Port at Lolo, the dry port that could drive cargo and passenger movement with the country and West Africa."

Also, the Jigawa State Governor, Mallam Sule Lamido, said state airports are the way to go because they offer a window for the development of agro-allied activities where they are located.

He spoke against the background of the new Dutse International Airport.

Lamido said with the right partnership with airlines, no state airport could be described as unviable.

He said the construction of the airport became a necessity to attract more investors to the state.

Lamido insisted that there were many investors willing to come to the state if there was a functional and safe airport, stressing that the construction of an airport in the state was inevitable.

He observed that the airport would be the hub in the region in terms of exportation of agricultural produce to other parts of the country and beyond.

He added: "This project is one of the projects initiated by the administration to transform

the Northwest geopolitical zone with an agro-allied airport. The airport was designed specifically to develop unique economic opportunities for different states in the region.

"We are also building a cargo airport for the export of agricultural produce. We are into livestock production; therefore, we can export the produce from the airport, so it is going to be a cargo cum commercial airport.

It is a huge opportunity for the country and all these will make the airport viable and sustainable. So, this state has the potential to be the hub of the North in terms of economy, tourism and a number of things."

In an interview, the Chairman of Air Peace, Mr Allen Onyema, said there is nothing like an unviable state airport if the owners and managers of such airports liaise with airlines to develop routes.

He said the state that have built airports conceived them as air transport infrastructure that would accelerate economic development.

Onyema said: "It is wrong for people to say that many state airports are unviable. ‘’What they should say is how to develop such routes and attract airlines to keep regular services into such airports. ‘’There is need to link every part of this country by air.That is why states are building airports. Will anybody say that the Kebbi Airport is not viable, when airlines are competing to sign agreement with the state government to fly into the new airport. ‘’This explains why Air Peace signed an agreement with Kebbi State to develop the airport and make it more viable. The agreement with the Kebbi State government is part of efforts by the governor to open the state to all parts of the world through air link. ‘’The airport would accelerate the socio-economic development of the state. The airport is expected to generate jobs for people of the state. It would attract investment in many sectors of the economy.

"It is important to clarify that there is nothing like unviable airport, state governments must give operators the opportunity to help open up airports. If you do not start it, the airports would not be open."

In an interview at the opening of the Dutse

‘

• Dati

Airport in Jigawa State, the former member of House of Representatives and a pilot, Hon. Ibn Na'Allah, said there was need for more airports across the country.

He said airports were built for some economic reasons, which include safety and security.

He said: "A lot of people don't understand the economic importance of airports. Airport is of the strongest security and economic importance in any community. Let me tell you what this would do; today, if somebody is sick and needs to be evacuated, he can be evacuated out within the shortest possible time. They can use this airport for export and this is an agrarian society. Of course, as I've always said, the people of Jigawa will find it convenient to come home and definitely boost the economic activities of the country."

Besides, the General Manager, Corporate Communications, FAAN, Mr. Yakubu Dati, said the construction of more airports by states would further enhance movement of cargoes and passengers in the country.

He maintained that construction of more airports would also boost the economy of the country vis-à-vis safety and security.

Dati argued that the global aviation industry had moved away from the transportation of passengers alone to include air freight, saying that most of the airports would contribute to the country's Gross Domestic Products, GDP, with the carriage of farm produces from their environments.

He said: "We have to look at the fact that the aviation industry is changing worldwide. It is not just about transporting air passengers alone; it is becoming a key in the movement of cargo. If you have an airport in these states, by the time they think about moving farm produce, they will be making enormous revenues daily."

But, the Managing Consultant, Centre for Management Development, Mr. Anthony Umoh, said before such project could be implemented by the government, it is necessary for it to carry out a feasibility study with regards to the viability of an airport in such a state.

According to him, constructing an airport in an unviable environment would lead to

The airport would accelerate the socioeconomic development of the state. The airport is expected to generate jobs for people of the state. It would attract investment in many sectors of the economy. "It is important to clarify that there is nothing like unviable airport, state governments must give operators the opportunity to help open up airports. If you do not start it, the airports would not be open

’

draining the inadequate resources, but maintained that if it is proven that it would be viable, there was no reason it should not be established in such a state.

"So, it is necessary that a feasibility study is carried out; if you like, give it to one, two or three different consultants so that they can confirm that it is a viable project. If it is not viable, it will just drain on public funds. But if it can be established that it is going to be viable, there is no reason it should not be carried out."

The Secretary-General, Aviation Round Table (ART), Mr. Sam Akerele, said state government should do a rethink before embarking in construction of airports.

He decried a situation where a state government spends about N20billion on the construction of an airport only for the government to generate less than N1 billion from the airport in a year, warning that most of the airports might be diverted to other uses in the future.

He said: "Either we like it or not, just a few airports are viable in this country. ‘’For instance, a state government will construct an airport with about N20 billion and makes less than N1 billion from that airport in a year. Are we moving forward or backward? If care is not taken, the airports will turn to football pitches in the future because the government might find it difficult to continue to maintain unviable airports when the viable ones are still been consistently maintained and upgraded by the government. ‘’Most of these airports are unnecessary and have political undertone."

In his contribution, an aviation consultant, Lafeef Ejioye, decried the construction of airports by states, saying that of all the airports, only Lagos, Abuja, Kano and Port Harcourt airports are viable.

He said rather than construct airports for economic reasons, state governments only consider political expediency, adding that it was a colossal waste by the states.

The Chief Executive Officer, Overland Airways, Captain Edward Boyo, said state airports could be made more viable if airlines and the managers of the airports have an understanding of the airplane type to be deployed in them.

He said the deployment of small and medium range aircraft, including the ATR 72 is key in driving the development of state airports due to issues bordering on capacity. He said: "Overland Airways is providing air transport services to every state airport in Nigeria through continuous development and delivery of aviation products and services to meet the needs of air travelers in the country. ‘’Overland Airways has realised that to be responsive, airlines must be committed to the revival and sustenance of hitherto perceived unviable routes in the country thereby supporting the growth of the air transport industry in Nigeria and enhancing business and cultural ties in the communities it serves.’’

THE NATION MONDAY, DECEMBER 22, 2014

31

MONEYLINK

CBN raises N195b in T-Bills as yields rise Stories by Collins Nweze

•CBN Governor Godwin Emefiele

T

HE Central Bank of Nigeria (CBN) at the weekend raised N195.56 billion worth of treasury bills with maturities ranging between three months and one

year. The yields for the instrument also rose last week.

The CBN sold N33.87 billion in three-month treasury bills at 11 per cent, compared with 9.99 per cent at the November 19 auction. A total of N51.30 billion worth of the sixmonth bill was sold at 13.84 per cent, against 10.8 per cent previously.

In the one year tenor bill, the bank sold N110.39 billion worth at 15.99 per cent, compared with 12.48 per cent at the last auction.

The investors in government securities are mainly pension funds and commercial banks which control more than 60 per cent of the market, followed by insurance

funds and a few micro-finance institutions.

Meanwhile, the naira depreciated 3.5 per cent against the dollar in the Inter-bank and has lost 16.7 per cent of its value year-to-date on December 17. Strong dollar demand, driven by importers, repatriation of profits, and speculation (given the uncertainty of the managed exchange rate regime) continue to undermine the naira.

The currency closed at N187.10 to the dollar, even as the twiceweekly CBN’s Retail Dutch Auction System (RDAS) continues to be influenced by the new CBN’s mid-point of N168 plus or minus five per cent.

The CBN sold $200.0 on 17 De-

Oil price fall political, says Sterling Bank CEO

T

HE Chief Executive Officer, Sterling Bank Plc, Yemi Adeola, has described the continuous fall in prices of crude oil as purely political.

Speaking at end of year media chat in Lagos at the weekend, the bank chief said the fundamentals of the oil industry, do not justify the fall in prices.

“What has happened is purely political. The fundamentals in the oil industry does not justify the sharp fall in prices. It will get to a point, after all the political issues are resolved, the price will bottom-out, and will start bouncing bank. This is not the first time that oil prices will go down. In 2008/ 2009, it tested $47 per barrel not for too long, and it bounced back.

This one will drag for a while, maybe six months or so, but it will bounce back,” he predicted.

Adeola said he does not want to discuss the politics of the US and the Gulf countries but the truth is that in advanced countries, banks

do not panic when crude oil prices go down, because that asset is there and it is permanent.

“For as long as you have proven reserves, what you need do is restructure the tenor of your loans.

So, if a facility is for five years and oil price goes down, I will not get my money in five years, but I will get it in 10 years by simply restructuring the loans. In Sterling Bank , we looked at oil accounts in our books and there is nothing to worry about. We stress tested them, and found that our customers can still do well even if oil price drops to $50 per barrel,” he said.

He said the plan of the bank is to become the top six lender in Nigeria by 2020 even as it desires to be a bank of choice in the consumer banking segment of the society.

“We will continue to diversify our retail funding base, to ensure that our non-performing loans do not exceed three per cent, even though the industry threshold is five per

cent,” he said.

The bank, he added, will also continue to diversify its income stream, maintain its investment grade, and post double-digit revenue year-in-year out. “For our customers, we want to add value to whatever proposition they bring to us. We are going to take different sectors and see how we can keep adding value to the sectors. As long as your customers are happy with you, they will continue to come to you. We have grown our market share from one per cent to three per cent, and we will keep gaining market shares,” he said.

He explained that lenders offer similar services, but what differentiates one from another is its ability to deliver on its promises to customer. “That is what distinguishes us from the bank next door. And we are saying, as long as you are able to render quality customer services, the business and revenue will grow,” he said.

cember at N168.00, just as the naira continues to remain under pressure due to falling oil prices, lower foreign exchange reserves, and robust import demand.

Currencies analyst at Ecobank Nigeria, Olakunle Ezun, said the outlook for the naira is significantly at risk from further oil price weakening, along with election-related

spending pushing liquidity above target.

“If CBN can manage liquidity successfully until February 2015 election, and also bridge the supply gap, interbank naira will continue to trade between N179 to N180. Otherwise, it might trade between N185 to N187,” he said.

Access Bank, NBA partner on customised card

A

CCESS Bank Plc has partnered with the Nigerian Bar Association (NBA) to promote electronic payment by introducing a customised card that makes banking easier for members of the group.

The Group Managing Director, Access Bank Plc, Herbert Wigwe who unveiled the card in Lagos at the weekend, explained that the partnership involves the introduction of an NBA customised payment card for members of the group is mutually beneficial.

In his opening remarks, Wigwe said: “this partnership with the NBA is mutually beneficial and very exciting. This payment card is the first of its kind in the industry and signifies unique proposition.

The card will serve as a payment tool and also as a means of paying bills online”.

Wigwe said the world is fast embracing cash-less banking initiative, and the use of cards is another means of promoting the policy driven by the Central Bank of Nigeria, banks and other stakeholders.

The bank CEO said the lender has built a strong franchise by adhering to socially responsible goals and is taking strategic steps to promote financial inclusion.

“Access Bank has evolved over the past three years to become a largely diversified bank with a strong retail presence. Now, what we are doing is not just looking at the top corporates, we are looking at what we can do with each of our stakeholders. What that means is that whether it is a small business, or an individual, we strive to meet everybody’s aspiration,” Wigwe said.

The NBA President, Augustine Alegeh, praised the bank for the innovation and commitment to the group, adding that the partnership will benefit both parties. He said the value proposition embedded in the product is exceptional and will lead to the overall growth and development of the Nigerian payment industry.

“Members of NBA will be able to enjoy services like salary advance, loan to lawyers, special car loan scheme and other numerous benefits that come with banking with Access Bank and using the card. The beauty of it all is that you do not need an Access Bank account to own one of these cards,” he said.

Alegeh said the card which can also serve as an identity card will help to weed out quacks in the legal profession as well as deepening the Nigeria financial system.

DATA BANK AFRINVEST W. A. EQUITY FUND ARM AGGRESSIVE GROWTH BGL NUBIAN FUND BGL SAPPHIRE FUND CANARY GROWTH FUND CONTINENTAL UNIT TRUST CORAL INCOME FUND FBN FIXED INCOME FUND FBN HERITAGE FUND FBN MONEY MARKET FUND • UBA BALANCED FUND • UBA BOND FUND • UBA EQUITY FUND • UBA MONEY MARKET FUND

152.19 9.17 1.12 1.19 0.63 1.39 1,720.45 1,091.48 111.70 121.16 1,117.51 1.2232 1.2897 0.7759 1.0986

RETAIL DUTCH AUCTION SYSTEM (RDAS) Transaction Dates 19/12/2014 3/12/2014 1/12/2014 1,116.70 1.2158 1.2897 0.7625 1.0986

GAINERS AS AT 11-12-14

SYMBOL O/PRICE UBA 3.43 ACCESS 5.50 TRANSCORP 2.80 HONYFLOUR 3.09 ZENITHBANK 15.37 LEARNAFRCA 1.40 NB 140.00 DANGSUGAR 5.00 GUARANTY 21.00 GUINNESS 119.01

C/PRICE 3.78 6.05 3.08 3.38 16.32 1.47 147.00 5.25 22.05 124.96

CHANGE 10.20 10.00 10.00 9.39 6.18 5.00 5.00 5.00 5.00 5.00

LOSERS AS AT 11-12-14

SYMBOL

O/PRICE

PZ CHAMPION ETERNA IKEJAHOTEL 7UP DANGFLOUR AGLEVENT COSTAIN TOTAL VONO RTBRISCOE CUSTODYINS WEMABANK

27.79 5.39 3.11 41.00 166.70 4.37 1.31 0.88 150.11 0.94 0.72 3.70 1.00

C/PRICE 25.09 4.88 2.95 3.80 158.40 4.16 1.25 0.84 143.31 0.90 0.69 3.62 0.98

CHANGE -9.72 -9.46 -5.14 -5.00 -4.98 -4.81 -4.58 -4.55 -4.53 -4.26 -4.17 -2.16 2.00

ECONOMIC INDICATORS

Inflation: November

7.9%

Monetary Policy Rate

13.0%

Foreign Reserves

$36.8b

Oil Price (Bonny Light/b)

N16.42 trillion.

Credit to private Sector (CPS)

N17.2 trillion

Primary Lending Rate (PLR)

Amount Sold in ($) 399.93m 399.97m 349.96m

CBN EXCHANGE RATES December 19, 2014

$61

Money Supply (M2)

Amount Offered in ($) 400m 400m 350m

Currency

Buying (N)

Selling (N)

US Dollar

167

168

Pounds Sterling

261.9395

263.508

Euro

206.2617

207.4968

171.546

172.5732

Yen

1.3838

1.3921

CFA

0.2944

0.3144

242.3484

243.7996

Yuan/Renminbi

27.1505

27.314

Swiss Franc

16.5%

NIGERIAN INTER-BANK OFFERED RATES (NIBOR)

WAUA Tenor

11-11-14 Rate (%)

Rate (%) 12-11-14

Overnight (O/N)

10.54

11.17

Riyal

44.4906

44.757

1M

11.94

12.18

SDR

243.2856

244.7424

3M

13.08

13.33

6M

14.03

14.17

GOVT. SECURITIES YIELD – SECONDARY MARKET

Tenor

FOREX RATES

R-DAS ($/N)

165.29

165.29

Interbank ($/N)

162.75

162.75

Parallel ($/N)

185.50

185.50

0

Dec. 19, 2014

Rates

T-bills - 91

13.65

T-bills - 182

13.88

T-bills - 364

13.65

Bond - 3yrs

13.81

Bond - 5yrs

13.85

Bond - 7yrs

13.83

THE NATION MONDAY, DECEMBER 22, 2014

32

EQUITIES NIGERIAN STOCK EXCHANGE DAILY SUMMARY AS AT 19-12-14

DAILY SUMMARY AS AT 19-12-14

THE N

THE NATION MONDAY, DECEMBER 22, 2014

33

EQUITIES

Investors stake N46.5b on equities amidst recovery

T

HE Nigerian stock market made a latter-day recovery last week to halt the gripping bearishness that had pervaded the market for eight days. But the gain of N443 billion within two days of recovery on Thursday and Friday could not cover the depreciation in the previous three days. Equities still closed the week with a loss of N151 billion, representing average week-on-week depreciation of 1.49 per cent.

Aggregate market value of all quoted equities on the Nigerian Stock Exchange (NSE), which had opened last week at N10.156 trillion, closed the week at N10.005 trillion.

By Taofik Salako, Capital Market Editor

The All Share Index (ASI), the composite value-based index that doubles as benchmark for the stock market and country index for Nigeria, dropped from its week’s opening index of 30,763.38 points to close the week at 30,306.51 points.

Driven by renewed bargain-hunting and cross deals, aggregate turnover was above average at 5.41 billion shares worth N46.47 billion in 22,986 deals. In the previous week, turnover stood at 1.81 billion shares valued at N28.918 billion in 20,677 deals.

Financial services sector was the

most active sector with 4.99 billion shares valued at N37.07 billion traded in 13,641 deals; representing 92.26 per cent and 79.77 per cent of the total equity turnover volume and value respectively. Conglomerates sector followed with a turnover of 186.25 million shares worth N723.491 million in 1,400 deals.

Consumer goods sector placed third with 92.022 million shares worth N4.550 billion in 3,784 deals.

The trio of Union Bank of Nigeria Plc, FBN Holdings Plc and

Transnational Corporation of Nigeria Plc were the most active, accounting for 3.96 billion shares worth N29.09 billion in 4,493 deals, representing 73.24 per cent and 62.59 per cent of the total equity turnover volume and value respectively.

Also, a total of 28,556 units of Exchange Traded Products (ETPs) valued at N531,541 were traded in 21 deals compared with a total of 1,299 units valued at N452,196 traded in 21 deals two weeks ago. A total of 9,000 units of FGN bonds valued at

N9.849 million were executed in 5 deals compared with a total of 800 units valued at N825,011 transacted last week in 1 deal.

Price movement analysis showed that 23 equities appreciated during the week, higher than 10 equities that appreciated in the preceding week. However, 51 equities depreciated, lower than 68 equities that declined in the previous week. One hundred and twenty three equities remained unchanged, higher than 119 that closed flat in earlier week.

Equities recovery may not be sustainable, say analysts

T

HE budding recovery at the Nigerian equity market may soon give way another round of depreciation, according to analysts at Afrinvest (West Africa).

In a weekend review of the stock market, Afrinvest noted that the uptrend, which started on Thursday and continued on Friday, might be a temporary trend as investors might soon resort to profit-taking, thereby undermining the bullish trend.

“Whilst the market mood seems to have turned positive towards the last two trading days of the week, we see the current rebound in the market as a temporary phenomenon as investors seem to be taking advantage of some low prices only to take profit in trading sessions ahead. Against this backdrop therefore, we anticipate a mix bag of trading in the coming week,” Afrinvest stated.

Nigerian equities on the second day of the recovery on Friday gained N328 billion. The benchmark index at the Nigerian Stock Exchange (NSE) indicated average gain of 1.21 per cent, representing a gain of N328 billion within the five hours of trading.

The rally helped to moderate equities’ average year-to-date return to 29.08 per cent at the weekend. Aggregate market value of all quoted equities on the NSE regained the N10 trillion mark to close at N10.005 trillion as against its opening value of N9.677 trillion. The All Share Index (ASI), which tracks prices of all quoted equities, also crossed the 30,000 points, rising from 29,311.25 points to close at 30,306.51 points.

After eight consecutive days of depreciation, Nigerian equities had on Thursday rode on the back of renewed bargain-hunting to halt the bears advance and regain N115 billion out of more than N1 trillion that had been lost in recent days.

Analysts said they expected investors to remain cautious about Nigerian equities and bonds. According to analysts, the under allotment and higher marginal rate at the December re-opening, when marginal rate was 279 basis points higher on average than the November re-opening, pointed to higher risk perception of the Nigerian

market by investors.

“We expect investors to continue to tread the bond market with caution given future expectation of higher yields while we also see long term investors taking advantage of the current high yield environment in anticipation of future lower yields,” analysts noted.

Analysts anticipated that rates will moderate further and trade within the 10.0 per cent to 20.0 per cent in the money market. This is based on the expectation that Treasury bills maturity inflow anticipated on Thursday and the Central Bank of Nigeria’s recent policy which barred banks from using their funds to speculate on foreign exchange.

“We expect this to have a knock on effect on the money market, boosting liquidity and moderating rates on money market instruments,” analysts stated.

In the foreign exchange market, Afrinvest said the pressure on Naira would continue all through to the New Year.

Central Bank of Nigeria offered and sold $400 million and $399.91 million at her bi-weekly RDAS auctions last week, $50.2 million higher than the amount sold in previous week at marginal rate of N168 to $1. To halt the speculative activities, the CBN released a circular last Wednesday, paring the foreign exchange trading position of authorized dealers at the close of each business day to 0.0 per cent of shareholders fund from 1.0 per cent. The CBN introduced another demand management tool last Thursday, informing dealers that funds purchased from banks by their customers at the autonomous/interbank foreign exchange market must be utilized within 48 hours from date of purchase.

“Whilst the cocktail of polices introduced could potentially weed out speculative demand for the greenback, we expect the pressure on the Naira to build into the New Year.

Our expectation is based on the observed trend of foreign exchange demand pressure during the yuletide season, and the looming 2015 general elections,” Afrinvest stated.

Shell MD joins Julius Berger’s board

M

ANAGING Director, Shell Petroleum Development Company (SPDC) & Chairman, Shell Companies in Nigeria, Mr Mutiu Sunmonu, has been appointed as a non-executive director of Julius Berger Nigeria Plc with effect from January 1, 2015.

With a BSc. first class in Mathematics & Computer Science in 1977, Mutiu has over 32 years of professional, managerial and leadership experience garnered while working with Shell Petroleum Development Company.

He started his career as a computer programme and business analyst with Shell Petroleum Development Company (1978 - 83) before becom-

ing a senior EDP Auditor and Project Manager –EMA300 also in the same company (1983 -1989). From 1990 – 1993, he moved to Shell UK Expro, Aberdeen where he became the information planner/portfolio consultant. Other notable positions he occupied while working with Shell Petroleum include- Head IT Infrastructure Services (1993 – 1997), Area Production Manager (1997 – 1999), Asset Manager, Southern Swamp Area – SPDC of Nigeria (1999 -2001), Regional Business Adiver - Shell International, The Huge (2001 -2003), GM Production –Eastern Division – 2003, Director, Corporate Affairs (2005-2006) and Production Director/Managing Director –SPDC (2006 -2008).

•From left: Olatomiwa Akande, Head, Public Relations and Brand Management for Konga; Olayinka Olukunga Nnena from ‘Nnena and friends’ show; and Adewale Adenuga (Junior), Managing Director of Wale Adenuga Productions at the Konga sponsored Children Christmas party organised by the Wale Adenuga Productions (WAP) in Lagos.

Foreign investors worry over exit point

F

OREIGN investors in Nigeria are concerned that measures taken by the central bank to prevent speculation against the falling naira will hinder their ability to sell investments in the country.

“The reality is that if you have $100 million dollars invested in Nigeria, in the current environment it would probably take you a year to source that foreign exchange,” Samir Gadio, head of African strategy at Standard Chartered Plc, said by phone from London. “Some people would argue that the lack of foreign-exchange liquidity these measures cause could implicitly be compared to capital controls, although they’re not formally.”

The Central Bank of Nigeria issued a circular on its website yesterday that any dollars bought from banks in the interbank market had to be used within 48 hours or sold

back to the Abuja-based regulator.

This followed a rule that cut banks’ maximum foreign-exchange netopen position at the end of each business day to zero from 1 percent of shareholder funds, which brought trading to a near halt.

Bloomberg reported that the naira gained 0.7 percent to 183.55 per dollar as of 1:52 p.m. in Lagos.

There were only six trades between 7 a.m. and 12:30 p.m., compared with almost 700 in the same period a week earlier, according to data compiled by Bloomberg. The currency has slumped 11 percent this quarter as Africa’s biggest oil producer, which derives 95 percent of export earnings from the commodity, struggles to deal with Brent crude prices collapsing to about $60 a barrel from over $111 in June.

The central bank’s measures are temporary and investors can still enter and exit Nigeria “very

freely,” Ibrahim Mu’azu, a spokesman for the regulator, said.

“These measures are not capital controls,” Mu’azu said by phone from Abuja. “When the market stabilizes, they can be reversed.”

The central bank could be forced to devalue its target exchange rate of 168 naira per dollar, plus or minus 5 percent, before elections in February, according to Ridle Markus, an Africa strategist at Barclays Plc’s Absa Capital unit.

“Our estimates show that Nigeria loses potential average annual export proceeds of $740 million for every one dollar decline in oil prices,” Markus said by phone from Johannesburg. “That’s huge.

The extent of foreign-exchange measures isn’t a surprise. It suggests the risk of devaluation has increased given the low oil prices.

They’d want to avoid that for now, but I think it’s unavoidable.”

Emerging stocks erase weekly loss

E

MERGING-market stocks climbed for a third day, with the benchmark gauge poised to erase a weekly drop, as Samsung Electronics Co led a rally for technology companies.

Bloomberg reported that the MSCI Emerging Markets Index added 0.9 percent to 943.19 at 12:10 p.m in New York, set for its steepest three-day advance in 13 months. The gauge has risen 0.5 percent this week to extend a surge in global equities after the Federal Reserve pledged to be patient on raising U.S. interest rates. Russian President Vladimir Putin said the nation can withstand an economic downturn while plunging oil prices undermine the ruble.

Samsung surged 4.9 percent in Seoul after the Maeil Business Newspaper said it will pay higher dividends. Iron-ore producer Vale SA led a 1.5 percent jump in Brazilian stocks. The ruble strengthened 4 percent against the dollar as Brent crude rebounded from a five-year low. The zloty tumbled on concern the currency crisis battering Russia’s economy may spread to neighbor-

ing nations.

“Brent has stabilized around the $60/barrel level and together with Fed’s comment, the markets have changed the direction completely,” Mika Kannisto, a money manager at FIM Asset Management Ltd in Helsinki, said by e-mail. “EM currencies have started to strengthen.”

The ruble appreciated for a second time in three days, while the Micex Index sank 1.9 percent after surging 4.5 percent yesterday. Analysts at JPMorgan Chase & Co. raised Russian equities to neutral versus underweight, saying that stock prices already reflect the drop in oil and the ruble.

A gauge tracking 20 developingnation currencies advanced for a third day, adding 0.3 percent. The Indonesian rupiah and Turkish lira climbed 0.5 percent against the dollar.

Poland’s zloty retreated 0.3 percent against the euro to the weakest level since September 2013. Romania’s BET index jumped 1.8 percent as developed European stocks extended

gains amid a global rally. Hungary’s BUX index climbed 1.1 percent.

Nigeria’s stock exchange added 3.4 percent.

The Ibovespa gained for the second time in six days. Vale increased 6.3 percent. Petroleo Brasileiro SA, Brazil’s state-run oil producer, jumped 1.9 percent.

MSCI’s developing-nation gauge has dropped 6 percent this year and trades at 11 times projected 12month earnings, data compiled by Bloomberg show. The MSCI World Index is up 3.1 percent and is valued at a multiple of 15.5.

Nine out of 10 industry groups in the emerging-markets measure rose as a gauge of technology companies jumped 2.8 percent, the most since July 2013.

Samsung Electronics, the world’s biggest mobile-phone maker, surged the most since Nov. 27. The company said after the market close it’s considering raising its 2014 fullyear dividend by 30 percent to 50 percent. South Korea’s Kospi index climbed 1.7 percent, ending a fourday loss.

34

THE NATION MONDAY, DECEMBER 22, 2014

VIEWPOINT

Resolving oil workers’ strike with compliance to laws The answer to the incessant oil workers’ strike is hinged on the government addressing the myriad of challenges confronting the oil and gas sector. Analysts posit that entrenched interests are posing serious drawbacks to achieving this feat, writes, SIMEON EBULU

L

LIKE a recurring decimal, Nigerian oil workers’ strike, have become a yearly ritual.

Since the advent of the democratic dispensation, and even beyond, Nigerians have been treated to this annual epic theatric, accompanied of course with its attendant pains to the citizenry on whose behalf all of the dramatis personae claim to be fighting, or seeking to protect.

A strike, or work stoppage in the oil sector, no matter how short, or limited in scope, should not be taken lightly. It’s a mute point to be reminded that the oil sector is the wheel upon which every other segment of the economy revolves.

The question remains, why is it in the very heart of the nation’s economy that we have the most turbulence? Why? More questions, but little or no answers.

Over the years, the workers, represented by their two prominent unions, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Worers (NUPENG); have always anchored their grievances, among others, on the parlous state of the nation’s refineries, and the inability of successive governments to carry out Turn Around Maintenance (TAM) on them. More recently, the unions have pressured the government to reduce the pump-price of petroleum products, following the slump in global oil prices.

They’ve also listed delays in the passage of the Petroleum Industry Bill (PIB), which is designed to expand the playing field for indigenous companies, as another issue that the authorities must resolve, in addition to the full implementation of the Nigeria Oil and Gas Industry Content Development (NOGICD) Act. The NOGICD law which has since

been assented to by President Goodluck Jonathan, is a beautiful piece of legislation, which if implemented to the letter, will empower indigenous oil service companies, and those in other related fields, as they will be engaged by the IOCs, in contract vending and be involved in the provision of services and related contracts and fabrications of oil equipment accessories and platforms, required by the IOCs. Presently, almost all of these jobs are undertaken by foreign firms to the dietriment of indigenous contractors. The unions are agitating that the relationship, as it presently stands, is not acceptable, insisting that it must be reviewed, and the intendment of the NOGICD Act, upheld.

Apart from these, PENGASSAN and NUPENG, in the just suspended strike, impressed on government the need to address the appalling state of access roads to the nation’s refineries and oil depots’ facilities, insecurity which has resulted to the death of members, appointments in government agencies in disregard to existing succession plan, compulsory deduction from workers’ salaries for the National Housing Fund (NHF), casualisation, contract staffing. and unfair labour practices by government companies and agencies.

That’s not all.. They are equally at the termination of appointment of the Port Harcourt Zonal Secretary of the Association by Total Exploration and Production (Total E&P), Nigeria Limited, retardation of staff promotion in the Petroleum Technology Development Fund (PTDF), non-standardisation of nomenclature and collective bargaining agreement of the Nigerian Nuclear Regulatory Agency (NNRA), in line with what is ob-

Business opportunity: Building environmental supply chain

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HE environmental supply chain has been revealed as an untapped opportunity to capture value and drive topline revenue, according to a whitepaper released today. The paper argued that that where the supply chain was formerly the weakest link from a sustainability perspective, the new, closed loop environmental supply chain is a business imperative that can reduce carbon, deliver significant cost savings and improve favorability with consumers.

The paper, titled “Closing The Loop: Building the Environmental Supply Chain” was written by Lisa Harrington, President of the lharrington Group and was commissioned by DHL, the world’s leading logistics company.

In the paper, Harrington insisted that urged businesses to think differently about their supply chains and the ‘costs’ attached to going green adding that best-practice businesses - such as P&G which recently reported nearly $1billion in cost savings from its environmental supply chain - no longer perceive sustainability as a cost, but recognize it as an opportunity to create value.

“A great shift in attitudes is currently underway across industries.

Gone are the old and dated misconceptions that ‘green’ means higher costs. Where the environmental supply chain model is executed correctly, companies are capitalizing on increased revenue and social kudos from customers, while also ensuring that their business is operating in line with necessary compliance measures.

“The recipe for success is to get the four principles right. These are reduce, reuse, recycle and recapture.

Reduction is all about eliminating waste by injecting efficiency, reusing involves product refurbishment, while recycling is ensuring that your waste becomes opportunity. Recapturing is the process of breaking down end-of-life products to harvest residual value such as precious metals.”

Faced by driving market trends such as escalating consumer pressure, the need to improve efficiency and reduce cost, the compliance squeeze enforced by legislators, and rising expectations of corporate responsibility; companies are reevaluating their approach to environmental supply chain management. Leading companies are creating value by modifying their supply chains to manage their key inputs and outputs such as energy, carbon, water, materials and waste in a way that can reduce the environmental footprint of a business and generate new sources of revenue from residual value.

The white paper also identified solutions that will enable companies to realize the four principles of the environmental supply chain.

According to Chris Jackson, Vice President, Envirosolutions, DHL Supply Chain said, “The environmental supply chain has fast become an opportunity and necessity for companies. Companies demonstrating best practice are driving down costs and saving millions while also ensuring their business is up to the standard of modern compliance measures which can potentially incur damages if not,” he stated.

tained in other agencies in the oil and gas industry, as well as the refusal of the management of Addax/Petrostuff Nigeria Limited and Chevron/Sudelletra to recall sacked staff.

In other areas, there are unresolved contractual issues involving NAOC and ARCO over which several correspondences and meetings have been held to no avail.

Frustrated by the lingering unresolved issues, both the senior staff arm of the petroleum industry sector workers, PENGASSAN and their junior colleagues, NUPENG, have therefore resolved that now is the time to face the authority, eyeball-to-eyeball and bring these matters to a final resolution.

Also, the Trade Union Congress (TUC) , an amalgam of senior staff associations, has lent its support, urging the Federal Government to address the grievances of the oil workers immediately and save Nigerians from another round of needless fuel scarcity, among other attendant implications of the strike.

Vocal though the position of the oil sector workers may appear, the Federal Government is equally said to be as concerned as the workers, a senior official in the Federal Ministry of Labour and Productivity, who spoke in confidence, said.

He said that government has seized on every opportunity, to engage the unions to nip every agitation in the bud, before they develop into a major conflagration, pointing out that even in the present strike, government has continuously demonstrated its determination to engage the workers, “and we will continue to do so,” he stressed.

While admitting that there are several issues yet to be resolved in the oil and gas sector, especially

as they relate to the implementation of the Nigerian Content Act, the Labour Ministry official, said the Nigerian Content and Development Board, has a major role to play in the resolution of many of the contending issues between the IOCs and the indigenous oil sector services firms.

He said: “I will give you an example. There is a case of an indigenous oil firm, ARCO that has an issue with NAOC over a Gas Plant Rotating Equipment Maintenance Contract. That dispute has both the labour and contractual angles to it. At the level of the Ministry, our focus will be on the resolution of the labour issues, but the segment that has to do with service contracts, the Content Board is better placed to resolve such matters,” adding, the many of the lingering issues in the oil and gas sector and the oil workers, are of this nature.

On the other hand, the indigenous oil service firms are arguing that government must be resolute and stand-up to defend its laws, no matter whose ox is gored.

A spokesman of one of the seasoned oil services companies, who asked that his identity be veiled, given the on-going engagement with the government towards the resolution of the present dispute, said those that have the responsibility to implement government policies must do so without fear or favour. He said a situation whereby the IOCs employ delay tactics, and engage divide and rule tactics to frustrate the involvement of Nigerian firms from assuming their place in the oil and gas sector, should be resisted.

The official said many Nigerian firms have proved their mettle, stating that there exists no basis to keep tested firms at bay on the often touted excuse that they are yet to acquire the requisite technical

• Minister of Petroleum Resources and OPEC President, Diezani Alison-Madueke

knowhow.

What is even more worrisome, an industry analyst argued, is what oil and gas industry watchers have described as ‘unbridled’ access that officials of the oil majors and their business allies enjoy along the corridors of power in Nigeria.

“As long as they continue to dangle the carrot of bogus foreign investments in the sector before top government functionaries through all manners of MoUs, they believe that they can circumvent Nigerian laws and ignore the attendant critical labour crisis over which they should largely be held accountable.”

Against their ealier stance, the unions sheath their swords and suspended the strike.

It remains to be seen what agreement both parties reached to let the strike action come to an end. .

Nigeria’s brand valuation up by 19%

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HROUGH a brand value change of $21bn, Nigeria’s valuation has risen by 19% from $111bn in 2013 to $132bn in 2014. This has enabled Nigeria to improve its ranking in the Brand Finance Nation Brand league table from 51 to 49 within the same time framework.

This is indeed good news according to Mr Babatunde Odumeru Managing Director Brand Finance Nigeria; when considering the plethora of challenges the country faces, notably the issue of security and the lack of adequate infrastructure. One big factor in this surge has been the result of the Nigerian GDP rebasing exercise which elevated Nigeria to Africa’s largest

economy. This further signified the country’s position as a power house within the African space which is always an attractive proposition for investors looking in.

However in the current climate of global economic competitiveness where attracting foreign customers have become just as if not more important than attracting foreign investors, Odumeru believes, “We strongly need to consider more than the strength of our GDP as variable for sustainable economic growth. The government’s economic policy should be driven at the heart of positioning Nigeria as not only the choice of foreign investment but also for foreign customers.

Meanwhile, the CEO of Brand Finance David Haigh, in his comments said; “The states of the 21st century are participants in a global marketplace, with intense competition for tourists, students, the best workers and investment. The results of this year’s Brand Finance Nation Brands report show the advantages that a strong nation brand can confer; the effect of a country’s image on the brands based there and the economy as a whole makes a nation brand the most important asset of any state.

Governments, trade bodies and businesses must take steps to ensure that their nation brand is strategically appropriate, well-managed and regularly monitored in order to maximise the benefits.”

Mozambique adopts gas law, says IMF

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LAW adopted by Mozam bique this week to provide long-term fiscal and legal stability for gas projects off its northern coast will be a benchmark for such agreements in other countries, said the International Monetary Fund.

The law applies to two projects in the Rovuma Basin, near the border with Tanzania, operated by Anadarko Petroleum Corp. (APC) and Eni SpA. (ENI) It sets terms covering 30 years, while allowing for the tax the companies pay on gas production to be increased after 10 years and 20 years.

Should Anadarko, Eni or the government disagree on whether any terms have been violated, an independent expert appointed by the International Chamber of Commerce will adjudicate the dispute

before any compensation is paid.

This provision will “probably establish a new benchmark,” Alex Segura-Ubiergo, the IMF’s resident Mozambique representative, said in an interview yesterday in the capital, Maputo.

Eni, based in Rome, and Woodlands, Texas-based Anadarko are considering whether to develop offshore fields that are estimated by Mozambique’s national oil company to hold 250 trillion cubic feet of gas.

That’s enough to meet world consumption for more than two years.

The country may become the world’s largest exporter of liquefied natural gas after Qatar and Australia.

Mozambique’s Rovuma law allows Eni and Anadarko to set up special-purpose companies abroad for financing purposes and to have revenue paid into overseas bank ac-

counts monitored by the Bank of Mozambique. That’s “in line with best international practice,” SeguraUbiergo said.

The government was able to modify an earlier version of the law that allowed the gas companies to take compensation directly from the offshore account, Segura-Ubiergo said. In countries such as Papua New Guinea, “the concessionaire has access to compensation often too quickly, so there’s not a lot the government can do to protect its interests,” he said.

The central bank will need training to fulfill its role of monitoring the international accounts, SeguraUbiergo said. Mozambique’s national treasury will also have to cooperate with the central bank on how revenue from the gas of as much as $5 billion a year is spent, he said.

THE NATION MONDAY, DECEMBER 22, 2014

35

THE NATION

BUSINESS JOBS

• Block makers. Inset: Masons at work

Lack of skilled manpower is a problem in the building subsector, which has led to the influx of artisans from neigbouring countries. To address the challenge, the Industrial Training Fund (ITF) and Cement Technology Institute of Nigeria (CTIN) have signed a N15 billion capacity building package. Over 20 million Nigerians are expected to benefit from the deal.

TOBA AGBOOLA reports.

N15b deal for 20 million artisans P

ROPERTY developers may soon stop going across the border to look for artisans who are believed to be better than their Nigerian counterparts. The Industrial Training Fund (ITF) and the Cement Technology Institute of Nigeria (CTN) have signed a N15 billion capacity building deal under which over 20 million artisans are expected to benefit. No fewer than 3000 trainees will participate in the maiden edition in nine states.

There will be 350 artisans and craftsmen from each state and the training will cover carpentry, tile laying, Plaster of Paris (PoP), electrical, masonry, plumbing, as well as block making/inter-locking tiles.

The Director-General, Nigeria Employers Consultative Assembly (NECA), Mr Segun Oshinowo, described the deal as a step in the right direction.

Lamenting that there were no sufficient

manpower in the cement sector, he said under the MoU, more people would be trained to match the growth in the sector.

“We will be expanding the capacity of Nigerians involve in the sector and this a good news to us because the sector is capable of providing millions of jobs,” he said.

On the implementation of the MoU, Oshinowo suggested that the ITF should use both brown and green fields.

“The combination of brown field and green field is necessary. Brown field means that they will make use of the facilities that are already on ground, while the green field means that a new technical school will be created. This is very important so as to achieve wider coverage and success,” he explained.

Speaking during the signing, ITF’s Director-General, Dr. Juliet Chukkas-Onaeko, said the collaboration between the Cement

Technology Institute of Nigeria (CTIN) and her organisation on training was a pointer that something revolutionary geared towards reducing unemployment was in the offing.

She said the initiative would take advantage of the training and certification for all calibre of skills in her organisation and help to turn out qualified and skilled artisans to serve the cement industry as well as other subsectors in building and construction.

“This training programme, which is targeted to cover the country will, among others, broaden the scope of the use of cement in various construction. The training workshop has been designed to impact the necessary skills to 350 artisans and craftsmen in each of the nine states to be covered in the first phase,” she said.

She added that the training would cover

the following trade areas: carpentry, tile laying, Plaster of Paris (PoP) works, electrical works, masonry, plumbing, as well as block making/inter-locking tiles works.

“It is also important to announce that the first phase of the training programme will cover a state each from the six geo-political zones as well as three peculiar states of Lagos, Kano and PortHarcourt,” the DG said.

She, therefore, appealed to state governments to key into the programme by making their citizens to participate in the training.

Chairman, Board of Trustees of CTIN, Alhaji Aliko Dangote, said the first phase of the training is aimed at the artisans because of their importance in the cement industry.

•Continued on page 36

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THE NATION MONDAY, DECEMBER 22, 2014

JOBS •Continued from page 35

“We are all aware that it has become a norm rather than practice to seek for competent artisans and craftsmen from the neighbouring countries, due mainly to inadequate vocational training given to our local tradesmen and women,” Dangote said.

The business mogul said the institute is the first of its kind to, among other things, train manpower in cement technology and related fields; and to liaise with other relevant institutions and bodies to enhance cement technology development.

He explained that they were doing this in tandem with the objectives of CTIN and the ITF. He noted that ITF has, as part of its mandate, the promotion of skills’acquisition to boost indigenous manpower to meet private and public sectors’ needs; as well as evaluation and certification of vocational skills acquired by apprentices, craftsmen and technicians.

“The present efforts to enhance the skills of our artisans and craftsmen are, therefore, a symbiotic relationship between two organisations saddled with imparting skills andknowledge to our tradesmen and women,” he said.

Dangote further said the collaboration is also aimed at achieving the following objectives: To conduct training for artisans and craftsmen, determine specific needs and opportunities for capacity building and process improvement for artisans and craftsmen that use cement to execute their work; promote professionalism, proficiency and actualisation of the training to -work initiative and entrepreneurship to discourage the importation of foreign artisans and craftsmen from neighbouring countries; and complement the transformation agenda of the Jonathan administration in youth empowerment and employment generation.

Also, a member of CTIN, Mrs. Adepeju Adebajo, said Lafarge Africa has, on its own, embarked on vocational training on block making for the youth. It has also taken upon

N15b deal for 20 million artisans

• Dr Chukkas-Onaeko

•Dangote

itself the enhancement of the capacity of professionals and artisan groups to improve construction.

Mrs Adebajo, who is also the Managing Director, WAPCO Operations, said the block making occupation is unregulated, standards

• Oshinowo

unenforced, and the entry into the trade is almost free. Based on these, she said block makers were at liberty to roll out products which sometimes were substandards.

She said: “To show its commitment, Lafarge has developed a roadmap on how

‘The present efforts to enhance the skills of our artisans and craftsmen are, therefore, a symbiotic relationship between two organisations saddled with imparting skills andknowledge to our tradesmen and women’

to bridge the knowledge and skill gap in construction practice, hence, the introduction of Artisan Capacity Enhancement Scheme, (ACES).

“In the course of implementing ACES, Lafarge has organised series of programmes, including seminars and conferences, train the trainer, and on site education and engagements.

“As CTIN is collaborating with ITF on the same course, I believe the training will yield successful result. We also promise on our own to continue engaging and educating artisans and block-makers while partnering with the Federal Government and other agencies to increase the skills and competencies of artisans in the built sector.”

MOVERS AND SHAKERS

Total appoints Proust MD

T

OTAL Upstream Companies in Nigeria has appointed Mrs. Elizabeth Proust as its Managing Director/Chief Executive Officer.

A 1979 graduate of Mechanics and Marine Hydrodynamics from the Mechanical Engineering School (ENSM) in Central Nantes, France, she later obtained a degree in Petroleum Engineering at the French Petroleum Institute (ENSPM) Paris, France in 1980.

She joined the then Elf Aquitaine (now Total) as a junior drilling supervisor the same year (1980).

Between 1981 and 1987, Mrs.

• Mrs Proust

Franco Bassanini MFIF has appointed Franco Bassanini, Chairman of Italy’s largest development bank, Cassa Depositi e Prestiti, to its Advisory Board.

He was a member of the Italian parliament from 1979 to 2006, and served as Italian Cabinet Minister for Public Administration and Regional Affairs (1996-98), Undersecretary of State to the Prime Minister’s Office (1998-99), and Cabinet Minister for Public Administration (1999-2001).

He is president of the Long Term Investors Club, a grouping of 15 public sector financial organisations from around the world with a balance sheet of $3.2trillion and also president of Astrid Foundation, an Italian think tank.

He has written 18 books and nu-

O

T

HE Executive Head, Business Development Group of Vodacom Business Nigeria, Mr. Zakari Usman, has been appointed as Chairman, Information Communication Technology and Telecommunication Group (ICT&T) of the Lagos Chamber of Commerce and Industry

Proust worked at various affiliates of the company in Douala (Cameroun) Rio (Brazil) Luanda (Angola) and Pau (France) as drilling supervisor (offshore), drilling supervisor (deep offshore), drilling engineer and subsea specialist.

She was Head of the drilling engineering department in Pau, France from 1987 to 1989 before moving to The Hague in the Netherlands where she held technical and managerial positions as Head of non-operated follow up, Development Responsible for all operated assets and Project Manager for the K5 Central complex between

1989 and 1997.

From 1997 to 2004, Mrs. Proust was responsible for technical evaluation of new assets, project manager for New Business in Russia, production manager and operations manager in Paris (France) and The Hague (Netherlands).

Between 2004 and 2008, she was Vice President, Development Engineering and Head of Petroleum Engineering Competence for TOTAL worldwide and in December 2008, was appointed President/ General Manager for Total E&P Indonesia, where she was also the General Manager for other 15 To-

Moghalu, others join OMFIF as advisers

• Bassanini

• Moghalu

• Adonis

merous articles on law and political science.

Kingsley Chiedu Moghalu Kingsley Chiedu Moghalu is a member of the Banking Panel of the Advisory Board.

He was Deputy Governor, Central Bank of Nigeria (CBN) from 200914. He led reforms to enhance financial stability and manage systemic

LCCI gets new officers (LCCI).

He takes over from Adejare Amoo who had steered the ship of the Group in the last four years.

Usman brings to the job a wealth of experience gar-

nered over the years as an expert in telecoms.

Other members of the Executive Committee of the Group include Mr. Abidemi Thomas of Systemtech Services Limited, ViceChairman; Oluremi Hamid

of Phlemin Integrated Global Limited, Mr. Nicholson Okwori of Vodacom Business Nigeria, Mr. Kunle Ogunde and Mr. Ohiri Agabus of RCI Document Solution Limited.

Others are Mr. Ejike

tal companies in that country; Group representative for refinery/chemicals and marketing division/President, Oil and Gas Association of Indonesia. She served in this capacity till last year.

On February 12, this year, Mrs Proust assumed duties as Managing Director/Chief Executive of the Total Upstream Companies in Nigeria. She becomes the first-ever female managing director of Total in Nigeria, bringing over 30 years of extensive experience in the oil and gas industry.

She is also the Group Representative for all Total Subsidiaries (Upstream and downstream in Nigeria). risk to Nigeria’s banking system.

Moghalu worked for the United Nations for 17 years, becoming a Director.

He is the author of Emerging Africa: How the global economy’s ‘last frontier’ can prosper and matter.

Lord Andrew Adonis Lord Andrew Adonis has joined the Capital Markets Panel of the Advisory Board.

He is a reformer, writer and Labour peer who was minister for schools and transport secretary under Prime Ministers Tony Blair and Gordon Brown.

Adonis began his career as a journalist before joining Blair’s policy staff in 1998. He sits in the House of Lords as the shadow infrastructure minister.

Onyeaso of IHS Nig. Plc; Mr. Uduikhue Lucky of DataPoint Microsystems Limited and the immediate past Chairman, Adejare Amoo of Corporatemind Associates Nig. Limited as ex- Officio and Funke Soyoye, Secretary, Information Communication Technology & Telecommunication

• Usman

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THE NATION MONDAY, DECEMBER 22, 2014

THE CEO

‘Genetic Engineering’ll boost food production’ Dr. Sunday Aladele is the Director/Chief Executive, National Centre for Genetic Resources and Biotechnology (NACGRAB) in Ibadan, the Oyo State capital. In this interview with DANIEL ESSIET, Aladele says genetic engineering is vital to agriculture. He argues that its products are not harmful as some claim, adding that the technology can triple food production.

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HAT is your assessment of the agricultural sector?

It is fast developing with the several measures the Federal Government has put in place coupled with the so many incentives granted to prospective investors in the agricultural sector to enhance sustainable large scale mechanised production. To unleash the agricultural potential, the Federal Government has to set a new vision for agricultural transformation. This new vision known as the Agricultural Transformation Agenda (ATA) sees agriculture as a business and not as a development programme. The government has focused on encouraging and enabling the private sector to invest massively in the agricultural sector.

What does this ATA stand to achieve? Can you tell us more about the measures taken so far to boost agriculture?

ATA, as it is designed, enables farmers to access the input they need to increase their productivity. The government has replaced the fertiliser procurement and distribution system with a private sector-driven electronic wallet system for delivering subsidised inputs directly to its farmers.

Also, the government has put in place an agricultural mechanisation policy that enables the private sector tractor manufacturers and service operators to establish 1,200 Agricultural Equipment Hiring Enterprises across the country. The government will provide mechanisation grants to farmers via their mobile phones, which they will use to access mechanisation services from private sector mechanisation service operators in their areas. A lot of opportunities are opening across the agric sector. Agriculture holds employment growth potential. It is identified as a key focus area to achieve the strategic growth development strategy of providing a better life for all through economic development. So far, the growth potential through investment, production and benefits will increase the sector’s contribution to the Gross Domestic Product (GDP) significantly.

Are we on the path to self-sufficiency in food production?

Yes, we are on the right path to self-sufficiency in food production with the government policies on commodity value chains.

The government is supporting agriculture and farmers to close the identified gap between existing and potential yields. This represents a huge opportunity to advance sustainable development. But the expectations are high because the government has to empower farmers to produce far more food for a population expected to exceed 180 million and provide economic opportunities for the hundreds of millions of rural poor who depend on agriculture for their livelihoods.

Above this, there is the development and poverty challenge. To address poverty fully, agriculture, therefore, needs to grow in ways that provide economic opportunities to the poor. To meet projected crop needs, the gov-

• Aladele

ernment is working to increase production technologically and helping farmers to expand the annual area harvested. Although substantial potential remains for yield increases, boosting yields at an even more rapid rate is a tall order.

Between 2012 and now, the government has helped farmers to adopt scientifically bred seeds and fertiliser, while the area under irrigation has increased. We need to close the gap between the food available today and that needed by 2020. The growth of the agricultural sector can reduce poverty more effectively than growth of other economic sectors, and in part by providing employment and also by lowering the cost of food.

What is the role of biotechnology; specifically, genetic engineering (GE)?

Globally, farmers have come to accept improved breeding as critical to agricultural progress and will so remain fundamental.

Here, we support scientists to use GE to produce crops with improved traits, such as pest or drought resistance. Although improved farming practice plays an important role in boosting yields through such means as better fertilising, watering, seed selection and weed and pest control, crop breeding is critical. Here, we take the issue of crop breeding

serious and encourage farmers to adopt higher yielding seeds and work with research institute in the development of new varieties. Genetic resources are key resource for economic development and growth.

However, though genetic engineering are used widely in large-scale farms and the commercial sector, it has also been deployed in small-scale farmers.

How can genetic resources boost economic growth?

The increasing need to boost food production requires the conservation and better use of plant genetic resources for food and agriculture. To achieve the goals of ATA entail boosting crop and livestock productivity on existing agricultural land. This requires closing the food gap through yield increases.

Going by the drive of the government, there is a need to triple crop production to provide adequate food per capita, given projected population growth. To boost economic growth, we have to strengthen a productive partnership between scientists and farmers nationwide to manage and improve our plant genetic resources. That is why access to genetic resources and technologies are essential. With genetic improvement, breeders have been able to produce a wide range

‘The increasing need to boost food production requires the conservation and better use of plant genetic resources for food and agriculture... With genetic improvement, breeders have been able to produce a wide range of plant and animal genetic resources which are of great value to farmers. Today, farmers are encouraged to grow high- yielding crop varieties’

of plant and animal genetic resources which are of great value to farmers. Today, farmers are encouraged to grow high- yielding crop varieties. Some new released varieties have helped farmers to record bumper harvests and earn incomes that have transformed livelihoods and boost national economic growth. One potential explanation is that boosting yields can help lower prices, and people may respond by consuming more food. On the other hand, we recognise as experts the need for urgent actions to protect dwindling plant genetic resources. This is because threat to the security of plant genetic resources can hamper efforts to conserve, develop, and sustainably use our genetic diversity for food and agriculture. So, we are presenting solutions to meet growing food needs, while advancing economic development and environmental sustainability. We hope to use genetic resources to close the food gap, while creating a more productive and healthy environment through improvements in the way people produce and consume food.

It is believed that the funding of research and extension services is not impacting positively on agriculture, much more ensuring security. What is your view on this?

The funding government is making available for research and extension seems massive as people may think but it’s not enough for sustainable growth in agriculture and subsequently food security. Both on-shore and off-shore training and re-training of scientists and technologists are needed to keep them abreast of new technologies. Yes, funding needs be increased if the research institutes are expected to meet government goals and objectives.

Can you justify the importance of your centre when there are one or two institutions doing what you are doing? Some people feel •Continued on page 38

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THE NATION MONDAY, DECEMBER 22, 2014

THE CEO

‘Genetic Engineering’ll boost food production’

‘The social and ethical implications of GE are many.

The social implications have to do with moral concerns about the process of GE... But passions aside, most agree that societies would be far better served by carefully using technology, while critically monitoring its progress and performance’

•Continued from page 37

that your centre should be under the Federal Ministry of Agriculture. Do you share this view?

There is no other institution apart from NACGRAB in Nigeria with a mandate for genetic resources conservation, utilisation, as well as naming and registration of crop varieties, fisheries and livestock breeds. It is true that in many countries, genetic resources conservation is under the purview of Ministry of Agriculture as an autonomous organisation because most of the items in conservation are agricultural materials. But here it is under Ministry of Science and Technology and, in-fact, it could remain there as far as the Federal Ministry of Science and Technology accords it a full autonomy and makes adequate budgetary provisions for its full running. Through collaborative research, we work with other national and international organisations for support which so far has been encouraging, though further support will be greatly appreciated.

NACGRAB’s special intervention is in the provision of germplasm for genetic improvement in agronomic crops; Registration, naming and release of disease-resistance highyielding and nutrient-enriched crop varieties, animal and fisheries breeds. NACGRAB is critical to the successful operation of the farmers driven research system and as such would be responsible for coordinating, developing and facilitating an implementation plan, determining the infrastructure required and managing the field trials, communication, training, technical support and problem-solving support to the relevant scientists who are all part of ensuring a smooth release and roll-out of successful improved crop varieties. The centre collaborates to breed improved varieties with tolerance, pest and disease resistance, and better grain quality.

What other mandates do you have?

The government’s special intervention in infrastructural development is needed, especially rural feeder roads, electricity and encouragement of cottage processing industries.

NACGRAB has no such mandate of improving crop varieties but of naming, registering and release of crop varieties.

In the face of unrelenting pressure on farmers to grow more food to feed the people, the centre is in the fore front of supporting new breakthroughs in research and their delivery to farmers, protection of unique varieties.

Our activities are aimed to help farmers grow more food in an environmentally sustainable way, helping them feed their families and communities and boosting economy to improve the lives of farmers and consumers.

Isn’t biotechnology, such as genetically engineering (GE) techniques, different from conventional breeding methods?

Yes, GE techniques are substantively different from conventional breeding methods. It differs from conventional plant breeding because it involves the insertion of specific genes into the genes of a target plant, often from a separate species. Applications of biotechnology range from development of vaccines, to pollution cleaning bacteria, biodegradable plastics, colored cotton, herbicide- and pest-resistant crops, and nutritionally-enhanced crops. Worldwide, the benefits and costs of genetically modified (GM) crops and animals attract enormous levels of public attention and policy debate.

Although plant scientists have bred crops with a wide variety of GM traits, two have dominated the actual market for GM crops. Much of the opposition to GM crops arises from a fear that they are not safe to consume. At this time, there is no evidence that GM crops have actually caused any human health harm. But any breeding has some potential to create unintended health consequences. That greater risk justifies requiring safety studies, and there is room for reasonable debate about the proper scope of such studies.

Can a line be drawn between permissible and impermissible applications of biotechnology?

It is possible to draw a line between permissible and impermissible applications of biotechnology. However, this regulation differs from one country to the other depending on the intended use of the products of GE. For example, the European Union (EU) differentiates between approval for cultivation within the EU and approval for import and processing. While only a few GE organisms have been approved for cultivation in the EU a number of GE organisms have been approved for import and processing.

If food security is primarily a question of distribution of insecurity, how then can increased production using GE address the question of food security?

Distribution challenges need to be addressed if food security in Nigeria will be attained or achieved through deliberate government policies.

How can GE ensure environmental sustainability and increase food production when pressure on environmental resources, such as land and water, is growing?

GE cannot ensure environmental sustainability because of growing world population.

Can herbicide-tolerant and pesticide GE crops lead to intensified use of agro-chemicals?

Government policies on use of agro-chemicals can actually avert this. More research and development needs to be done through careful GE and further research, using adequate containment facilities.

How can undesirable “genetic drifts” be controlled?

They should and this need be clearly stated in the biosafety regulation when it becomes operational.

Shouldn’t it be possible to demand zero risks from GE? This is not possible from the realist point of view.

What is the scientific basis for considering GE to be safe?

• Aladele

The scientific basis for considering GE safe is based on the recent report from the International Council for Science (ICSU), 2003. The report draws on 50 independent scientific assessments carried out by authoritative groups in different parts of the world including FAO/WHO, EU Commission, and National Science Academy of many countries such as Australia, Brazil, China, India, UK, USA, etc. The report contains a substantial degree of consensus on many of the major safety concerns of GE. Shouldn’t biotech firms bear liability for any harm to environment and public health?

The health risks is relative because even now most of the drugs that are imported have one or two of its composition developed through GE, meaning that we are all consuming the materials from GE directly or indirectly.

If GE does not benefit consumers, why should consumers bear any possible risk?

This could be viewed in both ways – where GE is beneficial and where it is not. Wherever it is useful, it also has some degree of possible health risks which the consumer will also bear. But whoever is not consuming GE should not bear any risk.

Would you say that the credibility of regulatory agencies is influencing the popular perception of genetic engineering? Is fear of biotechnology a failure of the regulatory agencies or that of the market and corporate ethics as such?

Definitely, the credibility of regulatory agencies is influencing the popular perception of GE. The fear of biotechnology is a failure of the regulatory agencies as well as the market and corporate ethics. Both did not organise enough and adequate sensitisation or enlightenment programme to educate the consumers on the use of GE. This is where regulations come into play.

How can modern profit-driven agricultural biotechnology meet the basic needs of the poor?

Profit-driven agricultural biotechnology would achieve this by only engaging in permissible GE that is vital and beneficial to meet the basic needs of the masses and not only the poor.

Would not the poor farmers become dependent on commercial biotech companies?

Poor farmers may not necessarily become dependent on commercial biotech companies. If biotech companies are restricted to production of only permissible GE, then the poor farmers can still engage in other areas of crop production, where biotech companies are forbidden, using the conventional natural methods.

What are the social and ethical implications of GE? The social and ethical implications of GE are many. The social implications have to do with moral concerns about the process of GE. Objections include: GE is unnatural, trying to play God, disrespecting life by patenting it, illegitimately abrogating species’boundaries or exhibiting arrogance and disaffection. Such objections are difficult, if not impossible to refute, because they rest on strongly-held belief rather than on facts. Ethical objections, which rest more on facts and reasoning, have to do with consequences arising from the application of the technology. Technophobes will produce arguments that it is unethical. Technophiles will defend it. But passions aside, most agree that societies would be far better served by carefully using technology, while critically monitoring its progress and performance.

Does a consumer have the right to know whether they are consuming GE? Do you think GE foods should be appropriately labelled?

The consumers should have the right to what they are consuming, whether they are GE or not, though opinion on this may differ. Some want GE food products to be labelled because they would prefer to consume such products, and want to have a means for finding them. Others want such products to be labelled because they wish to avoid them. GE foods should be labelled because a consumer is assumed to have a legal right to know whether a food is produced with GE or not. But if labelling will attract additional charges, knowing full well that not all the consumers care to know what a food is made with, then it will be unfair to force all the consumers to accept the cost of “the right to know”. All consumers should not be forced to accept the cost of this knowledge. Only those consumers that the issue is really of concerns to should be willing to bear the cost of the labelling process.

Is the emergence of GE threatening to change the meaning and value of biodiversity from life-support base for poor communities to raw-material base for private corporations?

GE crops will accelerate the trend towards fewer varieties of crops if biotech companies are not regulated in their activities. Such a loss of crop diversity will certainly make agriculture more vulnerable. The emergence of GE is really threatening to change the meaning and value of biodiversity from life-support base for poor communities to raw-material base for private corporations. Much historical evidence shows that poor communities tend to destroy biodiversity without the aid of GE. The private corporations and public research institutions have developed products that would enormously help developing countries increase their sustainable agriculture programmes e.g. GE seeds helping increase yields and generate crops that are pests, diseases and drought resistant. Both corporations and communities have a long history of viewing biodiversity as a raw material.

However, biotechnology itself does not change this view but how we use technology is the issue.

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THE NATION MONDAY, DECEMBER 22, 2014

BUSINESS MOTORING

Seven best-selling electric vehicles worldwide in 2014

•NissanLeaf

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T the top is always the Nissan Leaf in a landslide, while lurking in its shadow is the Tesla Model S. Widening the focus to global electric vehicle sales is a bit more interesting.

Auto data company JATO recently registration figures for electric vehicles and plug-in hybrids across the globe through September 2014. Here are the seven bestselling EVs worldwide in 2014 according to registrations. Though there have been numerous controversies with the numbers appearing on other auto expert sites such as DailyKanban.com.

Here are the lists: 7. Ford C-Max E n e r g i Plug-in •FordCMAX-Energi Hybrid Ford’s plugi n version o f the C Max can get 2 0 miles of electric range and overall economy rated at 88 miles per gallon electric equivalent (MPGe). When the battery is fully out of juice and one is driving on gasoline only, the economy is rated at 38 miles per gallon. JATO counted 7,493 registrations of the C-Max Energi across the globe through September 2014. Ford sold 6,486 units of its C-Max plug-in stateside during that period.

6. Ford Fusion Energi Plug-in Hybrid Running the same powertrain as the CMax plug-in, the Ford Fusion Energi gets the same economy ratings but does it in a more attractive body frame. The 95 miles per gallon equivalent in city driving has obvious appeal to drivers looking to save on long-term vehicle ownership costs, while the 81 miles per gallon on the highway doesn’t disappoint, either. Couple those specs with 20 miles of pure electric range and it’s clear fusion energi owners don’t need to head to the gas station much.

JATO lists 10,389 registrations of the Fusion Energi through the first nine months of 2014. Ford sold 9,323 in the U.S. during that time frame.

5. Toyota Prius Plug-in While its electric range is on the limited side (an understatement) at 11 miles, the

Toyota Prius plug-in gets an overall 95 miles per gallon equivalent and a stellar 50 miles per gallon equivalent on gasoline.

Customers around the globe like the combination as well as the lower sticker price than U.S.-branded plug-ins. At least 15,268 registrations of the Prius plug-in model went on the books through September 2014.

Toyota quotes 11,842 sales of the model in the U.S. over the nine-month period.

4. Chevrolet Volt

versy. After Elon Musk said nearly every car the automaker had was sold in the first three quarters of 2014, one Merrill Lynch analyst claimed he could put his finger on 3,000 that were sitting around with no takers.

Daily Kanban went

cover the real truth. While they’re at it, Tesla is comfortably placed third on this list.

Tesla has the segment-leading range of 208 miles in its base 60 kWh model and 95 miles per gallon equivalent.

2. Mitsubishi Outlander Plug-in Hybrid

Everyone keeps saying the Outlander Plugin hybrid (or any crossover EV) •Chevrolet-volt would sell l i k e gangbusters in the U.S., and t h e y could use this evidence to back up so far as to the argusay JATO had 4,000 ment. JATO Teslas AWOL when looking at registrations. (Of course, counted 23,908 registrations of the OutDaily Kanban has JATO quoting 6,147 mod- lander PHEV from around the globe. els of the BMW i8 being registered during Throw in what would undoubtedly be anthose months, compared to the 341 BMW other (minimum) 10,000 bought by U.S. consumers and you a hotly coveted vehicle sold. Oops.)

In any event, there are discrepancies, to that Americans can’t buy.

Mitsubishi has been flashing concept say the least. JATO puts registered Teslas at 17,815 through September. Autoblog models of the next-generation Outlander plug-in that will eventually come to the U.S., but don’t hold your breath.

The glaring void in the plug-in SUV market will remain for the foreseeable future. For the record, the Outlander PHEV gets over 30 miles of pure electric range.

JATO has global registrations for the Chevy Volt at 15,898 through Septemb e r 2014.

That would p u t t h e Prius plug-in within spitting distance of GM’s plug-in hybrid, depending on how many sales had yet to be registered. Regardless, the Volt is cracking the top five for vehicles with plug-in power. As far as the class is concerned, the Volt has the longest available electric range (38 miles) before gasoline starts to burn in the engine. In hybrid mode, Volts get •Ford Fusion 98 miles p e r gall o n equivalent a n d 3 7 miles p e r gall o n o n strictly Green, gas. Chevy sold 14,540 for its part, in the U.S. in that time period. estimated 21,821 Model S units sold in the 3. Tesla Model S U.S. alone over that time frame, while InsideEVs.com puts the U.S. count at 13,800 How many Teslas were sold in 2014? How through November. Hopefully, investigamany were registered? Talk about contro- tors are scouring the ports of China to un-

1. Nissan Leaf There wasn’t much disputing this one. JATO counted 44,897 units of the Nissan Leaf registered around the globe during the first nine months of 2014. Sporting an electric range of 84 miles, 114 miles per gallon equivalent, and an affordable sticker price, the Leaf has hit the sweetest spot yet as far as electric vehicles are concerned. Nissan moved 21,822 Leafs in the U.S. through September 2014, which makes its global market about half in the U.S. and half everywhere else.

It has already secured the all-time record for EV sales in the U.S., so it appears the Leaf is here to stay. In fact, Nissan CEO

THE NATION MONDAY, DECEMBER 22, 2014

40

MOTORING

CFAO partners Yamaha on motorcycles manufacture

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FAO and Yamaha Motor Co. Ltd have announced the signing of an agreement to form a joint venture in Nigeria. The venture will be owned at 50 per cent

by CFAO and 50 per cent by Yamaha Motor Co. Ltd. It will benefit from distribution rights to manufacture and distribute Yamaha motorcycles in Nigeria, the leading market in Africa with over one million new motorcycles sold per year.

The new company will be named CFAO Yamaha Motor Nigeria Ltd. (CYMNG). The premises, including an assembly plant, will be based in a CFAO multi-activity site in

Stories by Tajudeen Adebanjo

Lagos. Scheduled to begin operation in summer 2015, the factory has a production and sales target of 70,000 motorcycles in 2018.

Yamaha Motor Co. Ltd, one of the world’s leading manufacturers of motorcycles with a presence in about 200 countries, will contribute its manufacturing and marketing expertise.

The company is a world-leading producer of motorcycles, marine products, power products and surface mounters. The company’s diverse business and wide variety of products

are built around its proprietary technologies focused on small engines, fiberglass-reinforced plastics and electronic control. Yamaha Motor conducts global development, production and marketing operations through 140 subsidiaries and equity-method affiliates in 30 countries.

With a strong and longstanding presence in Nigeria and an extensive network in 20 cities and towns in the country, CFAO boasts in-depth knowledge of the local market, distribution networks and customer needs.

CFAO already imports and distributes Yamaha products in 16 other countries in Af-

rica.

It is a front-ranking specialised distributor and preferred partner of major international brands, serving the high-potential equipment, healthcare and consumer goods markets in Africa and the French overseas territories. CFAO has operations in 37 countries – including 34 in Africa – and seven French overseas territories. The group had a headcount of 11,600 at the end of 2013. In 2013, CFAO generated consolidated revenue of •3,628 million and recorded recurring operating income of •269 million. It is a 97.8 per cent-owned subsidiary of TTC (Japan).

Range Rover Sport SVR shows agility

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AND Rover has released sensational footage of the Range Rover Sport SVR being put through its paces. In the dramatic film, Mike Cross, Chief Engineer Vehicle Integrity, Jaguar Land Rover, demonstrated the adjustability, poise and outstanding body control of the fastest and most powerful Land Rover ever produced.

He explained how the Range Rover Sport SVR’s sophisticated drive train and advanced four-wheel drive chassis technology deliver supreme high speed handling characteristics as he laps the Rockingham circuit in the UK. The blisteringly fast SVR has been created by Jaguar Land Rover’s Special Vehicle Operations team and can accelerate from 0-100 km/h in 4.5 seconds. Power comes from a 5.0-litre supercharged V8

petrol engine developed to produce 405 kW and 680Nm of torque.

As the footage shows, the Range Rover Sport SVR takes this level of performance in its stride, displaying superb on-the-limit balance, even with its comprehensive range of electronic traction and stability aids turned off.

The video shows the inherent balance of the Range Rover Sport SVR chassis without the intervention of traction or stability aids.

Jaguar Land Rover Special Vehicle Operations has the responsibility within Special Operations to create a range of high performance production models for both Jaguar and Land Rover, vehicle personalisation products and low volume, high value Limited Edition models for both brands.

•From left: Acting Executive Director North, Enterprise Bank, Mr Lekan Busari;, Managing Director PAN Nigeria Limited, Mr Ibrahim Boyi and Board Member of PAN Mr Tajjudeen Ahmed during the launch of Peugeot Finance Scheme at Nicon Luxury, Abuja.

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•Council Manager, Orile-Agege Local Council Development Area, Mr Babatunde Ojikutu (left) monitoring on-going road resurfacing at Arigbanla Street, Orile in Lagos. With him are council officials.

OSCHARIS Motors, the leading automobile company and an accredited dealer of the Ford brand in Nigeria, has offered her Ford customers free diagnosis of the major parts of their vehicle that bothers on basic safety and comfort in her ongoing Real deals around the wheel promo.

The promo offers free check-up on all the vehicle parts around the wheel including, brake pads, shoes, calipers, shocks, struts, ball joints, wheel bearings, among others. If the result of the diagnosis discloses any defect, and the customer opts to repair the vehicle, he gets an automatic 20 per cent discount on the cost of repairs, which includes the cost of replacement parts and labour.

Explaining the rationale behind the promo, Mr. Josiah Samuel, Group Managing Director, Coscharis Group said: “We are encouraged by the level of patronage of our Ford brand of vehicles by our esteemed customers and therefore feel obliged to add value to the services we are rendering to them, as a way of saying

Nissan names Manchester City star Brand Ambassador

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ISSAN has named Manchester City and Ivory Coast midfielder, Yaya Toure as its newest global brand ambassador for the 2015 African Nations Cup (AFCON), holding in Equatorial Guinea early next year.

The three-time African Footballer of the Year and UEFA Champions League winner has agreed to the deal which will see him work alongside Nissan’s global UEFA Champions League and Orange Cup of Nations 2015 partnerships.

Mr Parvir Singh, the Group Managing Director (automobile division), Stallion Motors Limited and Nissan custodian in Nigeria an-

nounced the deal at a news brief in Lagos.

He said Toure will as part of the contract be the face of Nissan’s advertising campaign in Africa and play key role at Nissan’s Orange Cup of Nations 2015 sponsorship.

“Toure will also help connect football fans with the Nissan brand and increase excitement around Nissan’s innovative range of products and slogan, ‘Innovation that excites,” he said.

Singh described Toure as a symbol of Africa pride which according to him was one of the reasons the Japanese automaker chose him as Nissan ambassador for the 2015 AFCON

tournament.

Toure acknowledged the appointment and was quoted as saying: “I’m proud to be partnering with Nissan across its UEFA Champions League and Orange Cup of Nations 2015 sponsorships. I have been fortunate enough to win lots of trophies in my career, but the Orange African Cup of Nations has always been my target as an African, so I am really looking forward to it and working with Nissan to help bring the excitement around both of these fantastic tournaments to fans around Africa and the rest of the world.”

Coscharis offers Ford customers free diagnosis thank you.” Explaining further Samuel said “Real deals around the wheel is an aftersales safety check campaign, which provides an opportunity for our existing Ford customers to ensure that their brakes, calipers, ball joints, wheel bearings are in top condition as they prepare to embark on business or leisure trips this season. We had ran this campaign earlier this year, but some of our customers requested that we re-run it this season as it will be very helpful for them, thus the re-run.”

When asked about the level of preparedness of Coscharis Service Centres for the anticipated influx of vehicles into their facilities, Mr Vasant Rele, the General Manager, Coscharis Ford After-Sales Services, said the service centres are all installed with modern diagnostic equipments and manned by factory trained, award-winning technicians who are willing and able to deliver all the promises offered in the ‘Real Deal Around The Wheel promo.’

He stated that customers have been thronging into their facilities nation-wide and leaving with testimonials of satisfaction concerning “our services.” He emphasised that Coscharis Service Centres are committed to a culture of continuous improvement in service delivery in order to delight customers and “fulfill our promise to render quality service at all times.”

SAFE DRIVING

Road construction and government monitoring

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OAD and road furnitures are significant causes of road accidents in Nigeria.

It is however disheartening that governments always take pride in the award of contracts for road construction without taking adequate measures in monitoring the jobs to ensure compliance with the quality standards.

One quick example is the ongoing Mile 12 to Ikorodu road construction work. In February this year when rain has not even started , I accosted a few of the engineers of the construction company and took them to vari-

ous parts of the road which they have already tarred and I pointed to them that when rain starts, water will not flow in those portions, emphasising that water deposit always weaken the coal tar thereby making the road to fail very rapidly.

The engineers argued with me that water will flow freely on the portions I complained about maybe because they saw me as an ordinary citizen and not a government official they could listen to.

Shortly after the rain started, they discovered I was right in all my observations and they are now devising fire brigade solutions some

of which may not produce the right results. Most of the water conduit channels they are constructing now are higher than the tarred road levels.

Except another layer of Coal tar is still going to be put on the one already laid on the Ikorodu – Mile 12 road, the current level is lower than the water conduit holes meaning that some parts of the road will be flooded whenever it rains and more sand will continuously gather at the edges of the roads.

Some portions of this same Mile 12 – Ikorodu road are too narrow to accommodate two trucks or articulated vehicles side by side.

With the envisaged speed of drivers, these narrow portions could become accident and death traps.

The road median edges are without reflectives thereby making some vehicles to crash into them.

The on-going markings on the roads are questionable at some points, particularly where three lanes merged into two. This is a safety risk. Government officials need to visit and effect the corrections.

The complexity of the new Mile 12 – Ikorodu road, particularly Majidun, Ogolonto and Agric areas among others will turn the road to a death trap with high rate

Jide Owatunmise Registrar / Chief Executive, Professional Driving and Safety Academy

of accidents and fatalities if nothing is done now to critically and proactively effect the necessary amendments with safety as the major goal.

THE NATION MONDAY, DECEMBER 22, 2014

41

THE NATION MONDAY, DECEMBER 22, 2014

42

SHOWBIZ

BBA’s Tayo returns •Says: ‘I won, Idris got the money’

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ROWDED by fans at the popular Mega Plaza, Victoria Island, Last Saturday, Nigerian housemate in the just concluded Big Brother Hotshots, Tayo Faniran, made his way to a welcome press conference amidst cheers.

Confident of the personality he put in during the 63-day show, the model said the accolades he has been receiving since he left the Big Brother house showed he deserved to win. “With what I have seen so far, it is clear I won the contest and Idris merely got the money. The love I have been shown by fans is enormous; and there is no better way to win,” he said, beaming with smiles.

The press conference was a lead up to the traditional home-

By Dupe Ayinla Olasunkanmi

coming party orgnised by MultiChoice Nigeria, M-Net and event sponsor, Jameson at the popular CovaLounge.

Tayo, who came second place in the competition, said he was shocked when Idris Sultan, the housemate from Tanzania was declared winner of the reality show.

However, he was undeterred, as he explained that the interaction with other Africans in the Big Brother house and the exposure to the rich and diverse cultures in Africa have adequately prepared him to further pursue a career in acting, singing and as a TV presenter.

He said: “I was really shocked when IK declared Idris

the winner of the show. I genuinely thought I would win, or at least be declared a co-winner! Nonetheless I’m incredibly grateful for the unique opportunity and exposure Big Brother has given me. All I can tell Nigerians, Africa and the rest of the world now is ‘watch this space!’”

The Oyo State-born contestant who revealed that he has since been planning to relocate to Nigeria, said new developments in his career have provided opportunity.

MultiChoice General Manager, Marketing, Martin Mabutho expressed MultiChoice’s pride in the reality show’s ability to bring Africans together.

“MultiChoice, M-Net, and the show’s partners, worked hard to make this season of Big

Carniriv 2014 wraps up in style

Brother Africa bigger than the last and we thank all stakeholders for their support,” he said.

According to Efosa Aiyevbomwan, Publicity and

Talent Lead for M-Net (West), the show was nothing short of success. “We work hard to make each edition of Big Brother Africa bigger than the last and this year provided yet

P • Timaya

By Ovwe Medeme

said she feels honoured and opportuned to be a part of the activities. “When I put in for Miss Carniriv 2014, my aim was to win, and to the glory of God, I emerged victorious. The event was very exciting. I hope to throw positive light into the carnival with my title by promoting our culture,” she said.

But it wasn’t all about music; the concert also featured an impromptu dance competition which saw some of the locals trying to outdo each other with their hip dance steps. Also, the acrobatic dance duo, Body Language, added spark to the performances of the night.

Also present, Prince Awalasa Ijire, APC Chairman of Eleme Local Government said that there is no other time than now that people are in need of peace and unity, and Carniriv 2014 serves to portray all that.

“My expectations of the carnival, considering where we are coming from, were quite

high, but I think we almost met the mark. It is not easy putting a carnival like this together, so I would say we did a good job.

Part of our objectives is to unite the people of Rivers State and Nigeria in extension. We intend to show people that there is peace in Rivers State and that they can come here to do their business. The idea is to show that we love ourselves regardless of the political intrigues,” Ijire said.

The night reached a heightened crescendo when popular singer, Timaya and Mr 2kay mounted the stage to do their thing. It was Mr 2kay who first dished out his brand of music to the expectant crowd. Following his outing, Timaya followed suit, dishing out a spell of good music to an almost insatiable audience.

From the early comers to the late arrivals, revelers felt the eccentric vibes and the music culture which held sway at the stadium and continued till the wee hours of Sunday.

ERHAPS for the second time in his career, Nigerian music star, 2face Idibia, will be mounting the entertainment stage for an assignment other than singing.

The singer, who has just been announced as co-host of the much anticipated All African Music Award (AFRIMA), it will be recalled, surprised fans as one of the industry stakeholders who presented papers at the last edition of the annual Nigerian Entertainment Conference.

The award-winning singer, it is said, will be joined by Democratic Republic of Congo’s French-speaking female broadcaster and music presenter, Madinga Sona Maria as emcees of the maiden edition of the show, taking place on December 27, at the grand ballroom of Oriental Hotel, Victoria Island, Lagos.

Executive Producer of AFRIMA, Mike Dada, described both artistes as “two accomplished creative Africans,” who will “hold sway and guide our distinguished guests and nominees through the programme. We promise to bring to Africa electrifying performances from our nominees and invited guest performers. Then add this to the famous faces and glamour of the African icons on the firstof- its-kind red carpet activity…It is going to be a spectacular show,” he assured.

With a towering height of 1.78m, Mandinga who looks

By Ovwe Medeme

every inch a model is a beauty to behold. She has been described as the hottest female broadcaster in Kinshasa’s Democratic Republic of Congo. Her musical show, Cite de Star is the biggest music show in DRC Congo. A combination of beauty and brain, Mandinga presents her musical show on Digital Congo Television and Radio.

2face on the other hand is one of the most decorated and successful Afro pop artistes in Africa. The singer has received several awards among which are MTV Europe Music Award, World Music Award, Headies Awards, Channel O Music Video Awards and BET Award, MTV Africa Music Awards, MOBO Awards and KORA Awards and numerous nominations for his musical works.

2Baba, as he is fondly called, started his musical career with the Plantashun Boyz and together the group recorded two successful albums, Body and Soul and Sold Out. After disengaging with the group in 2004, he came out with his first solo album titled Face to Face. His latest album, The Ascension, was released this year. It features artistes across African continent.

“I am happy to be part of this history making event. I am delighted to host Africa, Africa is the future. I welcome Africa and the world to

Sony hackers mock FBI in latest message

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another mix of excitement, intrigue and incredible entertainment for our viewers.”

The reality show which had 26 housemates was wrapped up on Sunday, December 7.

AFRIMA 2014 announces 2face, Madinga as hosts

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NORMOUS fun and unbridled excitement are words that best describe the concert that wrapped up the 2014 edition of the Rivers State Carnival (Carniriv), Saturday. From the entrance of the Liberation Stadium, venue of the concert, down to the podium, revelers could feel the energy of Port Harcourt; the verve of the city’s youthfulness replete in its music, dance, cultural parade and commercial activities.

Characterised by an almost unending display of fireworks, cultural parade, dance and even a flash mob, the end of activities for the carnival was described as the mother of all carnivals.

The night was set in motion by a performance from gospel act, Bamidele. Once Bamidele was through with his rendition, the flurry of activities came in full swing.

Among the up and coming artistes who performed at the concert were Clara Sexy, Rayne, Charisma, child rap group, The Three Wonder rappers, Lamili, Funky Brodaz, Flux and Nana.

For their performance and ability to hold the attention of fun seekers, The Three Wonder group were automatic named as ambassadors for Carniriv 2015.

Present at the concert, winner of the 1st ever Miss Carniriv beauty pageant, Stephanie,

• Marketing Manager, DStv, Chioma Afe, Tayo and Efosa Aiyevbomwan, Publicity and Talent Lead for M-Net (West)

HE group responsible for the Sony Pictures hack has apparently sent a new message that mocks the FBI for its investigation into the devastating cyber attack.

Hollywood Reporter reports that an email claiming to be from Guardians of Peace, the group that took credit for last month’s attack on Sony’s systems, was sent to journalists early Saturday. The email, titled “The data you are interested in,” the newspaper said included a link to a Pastebin page with a so-called “Christmas gift” message taunting the law enforcement agency that on Friday officially named North Korea as the source of the hack.

“The result of investigation by FBI is so excellent that you might have seen what we were doing with your own eyes,” reads the message, which then links to a YouTube video.

“We congratulate you success. FBI is the BEST in the world.”

The YouTube video, which appears to be aimed at the FBI, calls investigators idiots and features writing in a foreign language.

It’s impossible to know if the email was, in fact, sent by GOP because unlike previous emails from the group, it didn’t link to any leaked documents. But the message appeared similar to previous missives from the group in format. The group has also used the peer-to-peer site Pastebin with its

other communiqués that posted documents with thousands of social security numbers of past and present studio employees, embarrassing emails and sensitive financial documents. Also, the subject line in Saturday’s email has been used in previous emails from the hacking group.

The emails from GOP began shortly after the hack was first noticed by the studio on Nov. 24 and eventually called for Sony to pull the movie The Interview, threatening 9/11-style violence if its demands were not met. The studio pulled the film Wednesday after the five major U.S. movie chains refused to show the Christmas Day movie.

Saturday’s email follows an email sent to Sony brass on Thursday in which GOP celebrated its victory over the studio, saying the decision to pull the movie was wise.

On Saturday, North Korea proposed a joint investigation with the U.S. that it claims will prove that the nation had nothing to do with the hack, according to the Associated Press. North Korea warned of “serious” repercussions if the U.S. does not participate in the investigation.

Sony has however defended its decision to cancel the scheduled Christmas release of its Seth Rogen comedy following President Obama’s statement that the studio made a “mistake” by pulling the film.

• The Interview movie poster

• 2face

AFRIMA here in the beautiful city of Lagos, Nigeria. Let’s celebrate Africa together,” said 2face.

AFRIMA which according to organisers is being partner the African Union Commission, promises a festivalstyled open concert of nonstop music, fanfare and fashion exhibition from countries across Africa, as well as performances by notable African artistes.

Sponsored by Kenya Airways, Procter and Gamble, Peugeot, Diamond Bank and Uber, the show is supported

by ONE, Africa 2.0, Nigeria’s Federal Ministry of Industry, Trade and Investment, Nigeria’s Federal Ministry of Culture, Tourism and National Orientation and PRMAFRICA.

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THE NATION MONDAY DECEMBER 22,2014

SPECIAL REPORT

•A digital forensic laboratory

Banking in a digital world For banking, it is no longer business as usual. Banks are to either innovate or die.

Why? New competitors from adjacent industries and financial technology startups are flooding the market with products and services previously exclusive to banks.

This reality has caught many banks watching their multi-billion naira transactions slip away, writes COLLINS NWEZE

A

S 25-year old lawyer Zainab Okosun waited outside the courtroom for her colleagues, her smartphone beeped with the familiar facebook message alert.

That was another reminder for her to buy her friend’s wedding fabric popular as aso-ebi.

“We’re not going to the market again after this,” the message from her friend, Amina Yusuf advised. With her phone, Okosun quickly ordered for the aso-ebi and also paid for the pair of silver shoes she had seen on one of the online retail stores, Jumia. A few years ago, she could only have imagined being able to shop and make payment, online and with such ease without going to the banking hall.

Conversely, a few streets away from the Marina, David Okafor, a civil servant, could not seem to stop chatting on any of his two mobile phones as he •Peterside waited on a winding queue

to make cash withdrawal at a nearby Automated Teller Machine (ATM). Then seconds later, the machine stopped dispensing cash; the long queue disappeared.

Okafor decided to go into the banking hall where he met a longer queue. One hour later, a customer service officer announced a system downtime. “Please, be patient with us until the system comes up,” the officer stated. It took another 45 minutes before he was paid.

Yet for every Okosun who is willing to leverage the internet for financial transactions, there are four Okafors who are frustrated by the poor quality of service they get from their banks.

Again, before Tunde Abiodun left home for office, his four year-old daughter reminded him that the DSTV subscription had expired two days ago. Being on holidays, watching Cinderella cartoons is always her hobby. She got a promise that the subscription would be renewed that day.

By evening when her father remembered to fulfill the promise, banks had closed for the day. The only option was to pay using his debit card via Paga, a money transfer service provider, where in three minutes, the subscription was renewed.

“Mobile payment is where the world is heading and Nigeria cannot afford to be left behind. We do not compete with the banks since our funds are saved with them. But there are places where we clearly compete, and there are more places where we collaborate to do what we are doing,” Paga Co-Founder, Jay Alabraba, who has been in a rush since taking up the top job three years ago said at his Lagos office.

It is not just Paga that is making banks rethink their continued existence, since technology firms crept into some businesses traditionally meant for them. Social media platforms, e-commerce providers, and mobile money services, technology payment firms have brought new

twists to how banking is done.

Facebook, Twitter, LinkedIn, My Space, Tumblr, Instagram, Alibba, Jumia, Konga, Supermart, PayPal, Amazon, Square, Cellulant, Apple, Google, Visa and MasterCard are now part of banking operations, taking chunks of banks’ businesses and profitability. They are helping consumers to make payments, secure credits, and do things that banks consider impossible. Customers now think of speed and ways to have access to varied offers from the new competitors, leaving banks struggling for customer loyalty.

Managing Director, Accenture Financial Services, Toluwaleke Ademosun, said digitisation has changed the financial services landscape.

For him, these firms are latching on clear evidence that consumer behaviour and expectations of service and experience are changing.

“With 25 banks and a network of 5,500 branches nationwide; 25 million banking

customers against 127 million active mobile connections and 25 million users of smartphone, there is no doubt that a fertile market for digital play exists.

“Besides, Nigeria has over 63 million internet data subscribers; 11 million Facebook users and fourth fastest growing number of users worldwide. On Twitter, the country has 1.6 million profiles while 1.03 million business profiles and an unconfirmed number of professionals are hooked to LinkedIn. Digitisation is no longer a future possibility for Nigeria, it is today’s reality,” he concluded.

The Accenture boss said the take-off of e-commerce and emergence of fast rising online outlets, such as Jumia, Konga and Supermart are opening up new avenues for e-payments and data collection that were previously left for banks.

He explained that while many banks have been able to retain their customers through traditional channels

and digital service offerings, recent shifts are threatening the customer base of those yet to key into it. Even long term banking relationships at traditional banks, he added, is susceptible to disruption.

The Minister of Communications and Technology, Mrs. Omobola Johnson, said Nigeria would continue its movement towards a more digital and cash-less economy through increased internet access, more affordable data and improved mobile connectivity.

“The annual value of ecommerce had soared from $35 million equivalent in 2012 to $550 million in October. While electronic transactions remain dominated by the use of ATMs, there has been very strong growth in online purchases through leading industry players such as Konga, Jumia, DealDey and Quickteller.

•Continued on page 44

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THE NATION MONDAY DECEMBER 22, 2014

SPECIAL REPORT

Banking in a digital world

•A customer conducting internet banking •Continued from page 43 “The increasing number of active mobile lines has facilitated the expansion of e-commerce. The most recent data from the Nigeria Communications Commission (NCC) showed that there were 130.8 million lines last June,” she said.

Equally, the Central Bank of Nigeria (CBN) approved Globacom to establish 500,000 Mobile Money Outlets via Glo Xchange in partnership with some banks offering mobile banking services. Deputy Director, Bank Examination Unit, at Nigeria Deposit Insurance Corporation (NDIC), Mohammed Umar, said such feat would make banking available to the unbanked.

He said no country in the world has large number of licenced mobile money providers as Nigeria. Umar said in the next 10 to 15 years, traditional banking branches of bricks and mortar would be drastically reduced, if not eliminated. For instance, younger customers, who are less interested in convenient branch locations and more interested in accessing digital services at the time and place of their choosing, are increasing likely to consider a branchless digital bank.

“The idea of “convenience” in banking is undergoing shift toward digital products and services that interlock with consumers’ “smart” mobile-empowered lives,” he said.

Chief Executive Officer of Konga, Sim Shagaya said the firm has opportunity to create an operating system for e-commerce not only in Nigeria but across Africa. He admitted that one needs heavy lifting and deep pockets to succeed in this business insisting that the entrepreneurial energy of Nigeria is greater than what Konga alone can do but, “we are going to leapfrog”. “$6 billion worth of e-commerce transactions is done daily in India, and we are looking at ways of achieving similar feat in Nigeria. I admit that online retail remains a tough business; we have to do a lot of convincing. We bought over 127 motor bikes for Lagos market alone and want to replicate same across the country,” he said.

Co-Chief Executive Officer, Jumia, Nicholas Martin, who for eight years, worked with McKinsey & Company,

says Jumia is taking the Nigeria market very seriously and is also taking precautions to guide against fraud.

The online retail firm has over 100,000 Nigerian customer accounts with sales increasing by 15 per cent a month. He said the online retailer introduced cash-on delivery policy to ensure that customers match request with product quality.

“We always insist on genuine products,” he said.

Managing Director, Cellulant Ghana, Albert Ngumba, said his firm facilitated payment for agricultural value-chain, helping Nigeria farmers to buy fertilisers, paying through Cellulant platform instead of banks.

Famers can also perform financial transactions like savings, transfers, loans micro insurance using its platforms.

“We sit between the banks, mobile operators and merchants. We power payment and make transactions easier for the people,” he said when contacted on telephone.

“Our wallet account holders can now enjoy the convenience of ATM cards to take out money from a machine and buy products or services.

They don’t have to carry cash because they can get it from almost any ATM machine and pay bills easily and quickly,” he added.

But Board Chairman, Parkway Projects, owners of ReadyCash Mobile Money, Richard Obire, explained that three parties are involved when mobile money transaction takes place.

The banks, telecom operators and the mobile money operator are all involved, sharing the fee that come with the transaction.

Obire, who was former Executive Director, Keystone Bank, said the cash involved in the transaction sits in the bank, although represented by electronic wallet. He said the coming of mobile money is not totally taking away business from the banks, but is helping the lenders to tap into the unbanked market. “The entire banking system is an ecosystem where the players are given roles to play. Such roles including banking the unbanked through mobile money will deepen the financial system,” he said.

Global trends At the international level, Alibaba Group Holding, the Chinese e-com-

•Martin merce giant said first-quarter ended June net income almost tripled to $1.99 billion. Revenue rose 46 per cent in to the equivalent of $2.54 billion. The company had 188 million mobile monthly active users in June, up from 163 million in March. The firm, this year raised over $21.8 billion from shareholders.

At $68 per share, Alibaba is valued at about $167.6 billion and is one of the most valuable technology companies on the planet ahead of Amazon.com, which has a market capitalisation of $150.2 billion and behind Facebook, which is valued at $200.2 billion.

PayPal is a top online payment choice after credit cards, used in 193 countries, 26 currencies. Amazon, has 230 million accounts, and dominates online shopping. Its net sales increased 23 per cent to $19.34 billion in the second quarter, compared with $15.70 billion in second quarter 2013.

Apple has 600 million credit cards on file while Google is on one billion Andriod phones. Visa remains the biggest network, got $4.4 trillion in purchases and 74.2 billion transactions in 2013. MasterCard, self-proclaimed fastest network achieved $3 trillion in purchases involving 45.5 billion transactions last year.

Odds against banks Most times, banks carry out excess charges or debits in customers’ accounts, which are so minimal they are usually ignored by the victims. It is this little charge that overtime, constitute large chunk of bank income.

Besides, some of the charges are not consistent with the monetary policies and bankers’ tariff stipulated by the CBN Guide to Bank Charges released last year.

The newly re-introduced N65 ATM fee on other banks’ machines is also a sore point for customers. In many other cases, Commission on Turnover (CoT) fees was breached, with funds running into several billions of naira illegally taken from customers.

Although CBN Director, Banking & Payments System Department ‘Dipo Fatokun explained that the N65 fee on remote-on-us ATMs (Other banks’ ATMs) was to cover huge financial burdens borne by banks which cover the remuneration of the switches, ATM monitors and fit-notes processing by acquiring banks, not many

•Umar customers were convinced.

CBN records also showed that banks lost over N20 billion to 2,478 cases of fraud and forgery in the last six months. The figure, according to KPMG 2014 customer satisfaction survey said, represents an eight per cent increase over the previous year’s volume and indicates a significant increase in value of over 200 per cent from 2012.

On cybercrime, the report said at two per cent of retail customers indicated that they were fraud victims last year, adding that while this number appears small today, it may signify be the start of a potentially disturbing future trend.

Banks fight back with collaboration As banks’ revenues fall, the lenders are looking at areas that would bridge the revenue gaps. There is new zeal to raise cheap funds, fund power, mortgage, agricultural and educational businesses. Some banks have also gone into Facebook banking, social lending and partnership with global payment and technology firms. FirstBank, Fidelity and Union banks have partnered with PayPal to enhance online payment for shoppers. The partnership enables the lenders’ customers to register for a PayPal account from their internetbanking accounts.

By linking their-issued debit, prepaid or credit cards to their new PayPal account, customers can then shop and pay on millions of websites around the world from their personal computers, tablets or smartphones, without having to share financial information with the seller.

FirstBank Group Managing Director/CEO, Bisi Onasanya said the partnership would boost e-commerce evolution in the country. “We are glad to provide e-commerce transaction options for our customers and the generality of Nigerians,” he said.

PayPal’s Regional Director for Africa and Israel, Efi Dahan said its payments are trusted by international retailers hence the practice where international companies reject cards from Nigeria will no longer arise.

Fidelity Bank CEO, Nnamdi Okonkwo said that the introduction of PayPal is a deliberate attempt by the bank to make financial services easy and accessible to its customers.

Specifically, he said that the development is in line with the bank’s commitment to consistently deploy innovative strategies to make life easier for its customers.

Eyes on innovation Aside partnership with payment firms, some banks have also developed products that are technology-driven.

The GTBank Instant, First Instant and Sterling Social Lender accounts were built by GTBank, FirstBank and Sterling Bank respectively to enhance social banking. Here, customers can open accounts online, creating convenience for them. Sterling Bank’s Social Lender Account allows it to grant loans to customers on Facebook. It provides a platform for online fans, followers who are customers of the bank to obtain micro-credit loans via social media starting with Facebook and Twitter.

The bank’s Head, Social Media, Kelvin Steve-Igbodo said approval of the loan happens within 10 minutes, and that borrowers can make the request online and get their accounts credited with the fund. He said although the bank started with N3, 000 for borrowers, the amount will gradually rise, and is targeted at customers with urgent cash need.

Adaku Obi, a customer who benefitted from the loan narrated her experience: “While going to Yaba some days ago, I had no cash in my wallet. I needed cash badly. My cheque was not even with me. I couldn’t find my bank branch around because I wasn’t familiar with the area. So, I tweeted at the handle of my bank. The response was swift. In 10 minutes, my account was credited with N3, 000 short term credit. That is how interesting banking has become”.

Innovation from other banks Access Bank Plc, Visa and shoptomydoor.com, an online shipping company are collaborating to give Visa cardholders opportunity to shop online at retailers in the US, UK and China. Such customers, the bank’s Executive Director, Personal Banking, Victor Etuokwu said, will also enjoy exclusive shipping discounts and shop from the world’s major international retailers with more flexibility and •Continued on page 45

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SPECIAL REPORT

•Fashoyin convenience.

“They can make purchases online in these countries as if they are local residents and also have them shipped in a few business days,” he said.

United Bank for Africa (UBA) Plc has equally introduced Twitter-based transaction alerts that allow customers receive transaction alerts in their Twitter direct messages inbox.

“Twitter is increasingly becoming a popular means of communication, especially among the young adults.

We are giving the youth, who are increasingly banking with us an option to get transaction alerts on their preferred platform” Rasheed Adegoke, UBA’s Director, Information Technology said.

Access Bank CEO, Herbert Wigwe, said the lender is taking banking to the grassroots via the Access Money Powered by Airtel. “We will be reaching out to million of people across the globe. We are not the first, and won’t be the last. We looked at the models where it has been successful.

Those that have succeeded found partners that complemented their values.

They found institutions,” the bank chief said.

Managing Director and Chief Executive Officer, Airtel Nigeria, Mr. Segun Ogunsanya, noted that Airtel was strategic in partnering the bank to create an enabling avenue for millions of Nigerians to gain financial inclusion. “With Access Money powered by Airtel, millions of Nigerians will be able to make purchases, pay for services and receive payments by the touch of a simple button on their phones,” he said.

Stakeholders speak Social media specialist and founder, State of Ambition, London, Darshan Sanghrajka explained that lenders were preparing for the ensuing competition.

“A senior Barclays’ executive in London, said Barclays is not fearing other banks but fearing the start-up in a bedroom. What we’re seeing is big banks finally realising that their competition is nimble, smarter and able to take more risks. Social media platforms and new start-ups can develop financial technology and deploy them faster, better and in a way that connects better with the consumer,” he said.

This, he added, has prompted banks to invest in their own FinTech incu-

•Aderibigbe bators across the world.

“They want to capture the talent, nurture it and then roll it. They need to do this because, internally, they can’t innovate or take risks at this speed. Well, banks will have to justify exactly what value they provide and ensure they don’t take their customers for granted anymore.

Sanghrajka, who spoke at a media training in London, advised banks to win hearts and minds by being brands that a more discerning generation wants to be a customer of, rather than trying to hijack attention on social media.

“To put it simply, be the bank that young people can identify with and practice values that young people can get behind. Then, they will start talking about your brand on social media and word of mouth will spread amongst their friends. That’s how social media should work. At the moment, banks just interrupt young people on social media platforms. Why? It’s futile,” he said.

For him, banks need to focus on what makes customers really happy and then simplify their offerings to give them exactly that.

The Managing Director, CRC Credit Bureau Limited, Tunde Popoola, said deepening the financial landscape creates room for new practictioners and segments to emerge.

“When the financial system is deepened, the banking industry will be the ultimate gainers. All transactions at the end of the day still go to the banking system. It is about money coming into the pockets of people. It can come though different ways like credit cards, transfer, among others.

But the good thing is that people now have more choices to make. It is only banks that key into the new opportunities that will benefit,” he said.

Continuing, he said: “But if they are able to innovate, and device ways of seeing their customers not necessarily coming to the banking halls, but getting the services they need wherever they are, then, they will be the gainer at the end of the day. Lenders that are unable to get to their customers through some of these forms and processes will lose the market,” he said.

He said that those means of transferring financial services will keep on expanding. “Last year, when I wanted

•Sanghrajka to send money to my children for their school abroad, I had to go to the bank to fill Form ‘M’ and all that. But it was through my laptop I did it this year. I did not leave my office. So, that’s the kind of things we are beginning to see. When you say you want to make a place, a financial hub, these are the kind of things you see. If you are a bank that still wants to be sitting face to face with your customers, then you have already lost the business because everyone is moving into depersonalising transactions.

“Organisations like Paga, Cellulant are all part of what we are expecting.

More of them will come. We have those who are in the telephone territory. There are those in the credit card territory and they are not formal banks. They are being licenced by the CBN to be able to give credit to people using plastics even without having bank accounts. These are the things that will become the formal feature of our economy,” Popoola said.

For him, banks now have to make profit, not by charging customers more fees, but by having volumes of transaction from everyone.

Connecting past with future Chief Executive Officer, White Sapphire, Biyi Fashoyin, said it is not just the banks that need to innovate, the world itself is now a global village, and the social media is a community by itself.

“Any corporate entity that ignores the social media and technology is just on its own peril. Every body now is now on social media, including the kids. Any wise bank will know that’s where the market is. It is a ready market,” he said.

Continuing, he said: “The industrial revolution came at a time. Europe, America and some other countries took part. Some other countries especially in Africa stayed back. Eventually those that participated became the global powers. Those that abstained were labeled third or fourth world countries.

“That is exactly what is going to happen to the business world. Any bank that is stepping back now, running away from the current realities which reside in the social media space, or the virtual world, will soon be out of business. My advice is that every bank should come in and plug into it.

•Obire

That’s where your market is. That’s where your future is. Your future is actually in the social media,” he said.

Fashoyin, who is a social media adviser, admitted that the platform has become a place for the good, the bad and ugly.

“Some people go to the social media to commit atrocities. So, I expect banks to go there now, and have a positive impact on the lives of the people they meet there, especially the youths who form the majority of users. They have to promote values that would help orientate these children all over the world, and help them see the good of that community,” he advised.

Sterling Bank’s Head of Retail Products, Gbenga Adegoke said the coming technology do not pose any challenge. “It is not going to cut banks’ profit. Remember that technology is for everyone and I can tell you that most of our services are technologydriven. They are up to date and get customers to do businesses with us seamlessly. Paga or other forms of payment services are welcome, and I do not see their coming as a competition, but as an opportunity to evolve as a bank as well,” he said.

Managing Director, Cowry Asset Management Limited, Johnson Chukwu also agreed with Adegoke.

For Chukwu, the new comers redefine the nature of banking services, hence the need gradually move away from the brick and mortar services, and connect with the present demand by customers.

Solutions by stakeholders For Ademosun, banks need to take a fresh look at the digital customers, knowing the implications of not doing so, and benefits if they do. He explained that new technologies are changing the way customers and financial service providers interact and introducing a new demand for how banking services are delivered. “The Millennials, that is people under 30 years of age, have distinct preferences regarding financial services and digital technology; hence a customerdriven plan for digital experience is imperative for competitiveness. Customers are becoming dissatisfied with banking relationships that are merely transactional, rather than driven by advice or a broader relationship,” he said.

“Digitally aware customers expect a new service proposition. They want banks to help make their financial lives easier by enabling them manage their money more proactively.

Banks that do not craft a meaningful response, risk losing customers and revenues to other more digitally focused financial services providers,” he said.

Founder, Development Diaries, organisers of the Nigeria Social Media Awards, Femi Aderibigbe said that to compete in the evolving environment, banks need next generation functionalities and capabilities to support key operational building blocks for competitive advantage. This, he said, can be achieved by having a structure as efficient and effective as possible; being able to seize opportunities in times of change and continuous innovation.

“By truly focusing on customer needs and integrating data, analytics and insight with product development and delivery, lenders can transform not only the service proposition they offer, but the perceptions of their brand. That, in turn, will help drive overall loyalty,” he said.

Aderibigbe explained that the next banking level would encompass more complex services based on insights from various sources, such as social networks, mobile devices, apps, and harmonised internal data as seen in some developed and developing countries.

For instance, Vodafone and Safaricom created M-Pesa to serve the largely unbanked Kenyan population. The product allows users to pay cash into their account at an agent, such as a gas station or supermarket, and then use their mobile phone to pay retailers or other individuals. MPesa serves as an alternative to bank accounts and credit cards, which is especially appealing to the rural population. In 2012, about a third of the Kenyan population used M-Pesa.

For Fashoyin, banks’ tomorrow has started today. He believes that lenders that refuse to key into the new developments risk being left behind.

“The opportunity for banks to continue to be relevant and position for growth and competitive advantage will be driven by relevant and higher valued propositions to customers,” he said.

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THE NATION MONDAY DECEMBER 22, 2014

47

RACE TO 2015

‘

Now, Emmanuel has to worry about the substantive suit going his way. But, it is clear to Emmanuel and his major backer, Governor Godswill Akpabio, that there is the need to rein in the aggrieved governorship aspirants

‘

It looked as though the exparte order has put paid to the possibility of the Akwa Ibom State Peoples Democratic Party (PDP) being able to submit the name of Mr Udom Emmanuel as the man who will fly its governorship flag in next year’s election. A vacation judge lifted the exparte injunction, but the 22 aggrieved candidates are not giving up as they have rejected a deal with Governor Godswill Akpabio, writes OLUKOREDE YISHAU.

T

22 Akwa Ibom aspirants reject Akpabio’s olive branch

HIS time last week it looked as if the name of Udom Emmanuel, former Akwa Ibom State Secretary to the State Government (SSG), will be missing among those of governorship candidates submitted to the Independent National Electoral Commission (INEC). Justice Y. Halilu of the High Court of the Federal Capital Territory (FCT) restrained the PDP from submitting Emmanuel’s name or the name of any other person as the winner of the PDP governorship primary in Akwa Ibom State. After giving the order, Justice Halilu adjourned the substantive suit till January 5, next year because of the Christmas and New Year break.

A vacation judge, however, turned the tide. Now, Emmanuel has to worry about the substantive suit going his way. But, it is clear to Emmanuel and his major backer, Governor Godswill Akpabio, that there is the need to rein in the aggrieved governorship aspirants. There are 22 of them, which include two men who were Akpabio’s deputy, Patrick Ekpotu and Nsima Ekere.

This was why the governor called a peace meeting in Abuja, which lasted till the wee hours of Saturday, December 20. The meeting, which held at the PDP National Secretariat, was almost deadlocked from the beginning. A shouting match, said a source at the meeting, ensued between one of the aspirants, Chief Asam Asam (SAN) and the governor. There was palpable apprehension at the meeting, according to one the aspirants who would not want to be named, as a result of the fracas between Akpabio and Asam, who was Attorney- General and Commissioner for Justice.

Both men were later calm down by others in the meeting after which they resolved to sing Christian worship songs and pray as a way of dousing tension. The meeting was from that point moderated by Ekpotu. The governor pleaded with them to accept Emmanuel as the governorship candidate of the PDP, a position that was outrightly rejected by the group on the basis that “the process that threw him up was faulty, not transparent and toxic. The December 8 exercise was everything but democratic and this has resulted in several litigations which ought not to be had the process passed credibility test”.

At a point in the meeting, Akpabio called on Emmanuel to plead with the other aspirants. A source said Emmanuel in his speech likened his case to that of Jesus who was initially rejected by his people but later turned out to become the saviour.

This allusion to Jesus reportedly infuriated the aspirants as he was reportedly castigated for his lack of humility. The group of 22 also told Akpabio that Emmanuel cannot win election with such attitude, warning that the PDP would be throwing away its chances of retaining with him as candidate.

Apparently disturbed at the turn of event at the meeting , Akpabio requested that the group write him a letter stating the reasons why they think Emmanuel should not fly the flag of the PDP in the February election, promising to approach the party leadership and the president with the letter for further deliberation, a source at the meeting said.

After the meeting, the aspirants

Governor Akpabio (left), Senator Effiong Bob and Ibokessien discussing after a meeting at the Governor Office, Uyo.

promised to work for the reelection of President Goodluck Jonathan, but vowed to do everything within their power to stop Emmanuel. They also said they would pursue the substantive suit. Sources also said that the group will today “appeal the vacation of the injunction”.

The Nation learnt that the aspirants’ letter to Akpabio will be built on the petition to the PDP leadership on Emmanuel’s emergence. The petition dated December 9 described the primary, which produced Emmanuel, though broadcast live on television, as a “sham” and “scam”.

In the petition, the aspirants said the primary violated the party’s rule on accreditation of delegates. They said no delegate was accredited at the venue of the primary, adding that they were told by the chairman of the Electoral Panel that the accreditation of delegates was done at the Government

House, where the delegates were conveyed in buses to the venue of the poll. They alleged that unqualified persons were smuggled into the venue as delegates, thus rubbishing the process. The non-accreditation of delegates, they said, broke the 19th paragraph of the Electoral guidelines.

The aggrieved men said the delegates’ list was contrived because there was no proper election of delegates from the ward level on November 1.

They said: “It is our prayer that the fraudulent exercise, herein complained of, be nullified for the sake of the party’s credibility and a transparent process be deployed for the emergence of a gubernatorial candidate for the Peoples Democratic Party in Akwa Ibom State.

“The enormity of a combination of the above irregularities on the entire

Gubernatorial Primary Election and the ultimate fortunes of the party in general election cannot be over emphasized. We believe that your intervention, can save us from the avoidable cataclysm we are won’t to face if this fraud is condoned.”

Another issue the aggrieved have against Emmanuel’s emergence is that delegates were not given ballot papers in public glare to vote during the election. They said the delegates got to the venue with already marked ballot papers and only deposited them in the boxes when it was time to vote. They also alleged that their agents were not accredited to be part of the exercise.

Their prayer to the court and the party is simple: cancel the exercise.

The group is also not happy about that they have only received “minimal attention” from the party’s leadership.

Ime Effiong Ekanem, the aspirant who

instituted the suit on behalf of others, said: “I cannot allow the will of majority of Akwa Ibom people to be swept under the carpet as if they do no matter. Democracy is the government of the people by the people. Therefore, we will not allow a few people to impose their will against the interest and the overall good of the people.

“It is the will of the good people of Akwa Ibom that the process of electing their leaders must be transparent, credible and civil. That was not what was witnessed on December 8 in Uyo. We say no to a system that attempts to subvert the will of the people. This struggle is not our personal struggle but that of every Nigerian who believes in democracy, in the purity of its meaning and essence.”

To Akpabio, the process which produced Emmanuel was transparent. He congratulated the Chairman of the Electoral Panel of PDP, Mr. Bola Ayebowale and members of the PDP for a successful conduct of the primaries, adding that Emmanuel’s victory was assured.

The governor said more than 99 per cent of PDP faithful came out to vote, stressing that the state would do the same by giving Jonathan their full support in 2015. Akpabio added that the transparency of the election was an indication that peace thrives in the state.

Speaking after the primary, Emmanuel said the people have ushered him into the next level, thanking Akpabio and the people for coming out en-mass to support him. He lauded the PDP for the peaceful conduct of the primary.

Oyebowale also said the process was transparent, explaining that PDP believes in a level-playing ground for all aspirants.

To the aspirants, Oyebowale, Akpabio and Emmanuel can tell that to the marines. The way things stand now, only the court will settle the matter and when that is done, depending on which way it goes, it will have a backlash. If it favours the governor’s camp, the aggrieved will have to decide whether or not to stay in PDP. The waiting game continues.

Buhari/Osinbajo ticket ‘ll restore Nigeria From Adekunle Jimoh, Ilorin

•Dr Saraki

F

ORMER Kwara State Governor Bukola Saraki has urged Nigeri ans to eschew sentiments in next year’s general elections.

Saraki, a chieftain of the All Progressives Congress (APC), said that, if Gen. Muhammadu Buhari/ Prof Yemi Osinbajo ticket succeeds, the duo will restore Nigeria.

The senator, who represents Kwara

Central District, told reporters in Ilorin, the state capital, that the General and the legal luminary will provide quality leadership.

He added: “We have now removed religion. Let us look at the candidate, assess their character, their capacity, their ability to fight issues that are important. This is not about sentiment; it is about Nigeria, it is not personal.

“General Muhammadu Buhari and Prof. Yemi Osinbajo are people that want to restore Nigeria. These are not individuals that are going there to make a mess of themselves; they are going there to restore and make Nigeria better.

“Now, the difference between the APC and the PDP is clear in the way we conducted our primaries, the way we picked our candidates and the way they emerged. The PDP had wanted these elections to be about religion.

Now, there is no religious issue. The

PDP has a Christian and Muslim on its ticket. The APC has a Muslim and a Christian on the ticket.”

Saraki said the emergence of the APC presidential and vice presidential candidates showed that the APC is better than the PDP. He said the PDP’s prediction that the APC will break cannot come to fulfilment.

The senator added: “When it came to the issue of vice president, you all saw again what transpired. The sensitivity of issues of like religion, give and take and integrity were the factors that played the key role.

“If it was about self ambition, capacity of resources and political structure, you know who would have been the vice president, but these are people who are ready to make that sacrifice. Truly, the APC is showing that it is an amalgam of people that can make sacrifices.

It is a party that really wants to move Nigeria forward.

“That the party cannot go to a convention or primaries without collaps-

ing; that there will be no unity etc, you all saw democracy at it best; you all saw in the primary how delegates came out in drove to vote. The primary was very transparent and everybody that participated accepted the outcome of the result and those that lost also gallantly approved and recommended and gave their support to the winner.

“The party shows unity. It shows it not a party of selfish individuals but a party with people that have the mission to save Nigeria. The presidential primary witnessed internal democracy at its best.

“You saw what happened at the state primaries across the country. In PDP, where there were parallel congresses, parallel results and parallel result sheets.

In some places, we have three or four results sheets.

“For some of us who used to be in the PDP we were stunned at what happened that in some states they had two to three congresses and up till now some are still in court disputing the results.”

THE NATION MONDAY DECEMBER 22, 2014

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RACE TO 2015

‘

I want seize this opportunity once again to commiserate with the families of those who were involved in the last and even previous killings in this state and across the country

‘

Kano State Governor Rabiu Kwankwaso reflects on the All Progresives Congress (APC) presidential primaries, which produced Gen. Muhammadu Buhari as the flag bearer for next year’s election, and highlights the issues that will shape the poll. KOLADE ADEYEMI met him in Kano, the state capital.

‘Buhari ‘ll defeat Jonathan in next year’s poll’ A FTER the APC presidential pri maries, you unfolded your senatorial ambition. Why do you want to represent Kano Central District in the Senate?

Let me take this opportunity to thank all of you who are my friends, including those who were not very positive.

Many thought it was Buhari, Atiku and others. In any way, you have seen others now—and you have seen their capacity. We thank the Almighty God for giving us that opportunity to participate in the primary election. It was very historic. We have done our best. I believe that our best was good enough and well articulated. Let me also at this point congratulate our leader, General Muhammadu Buhari, for such a wonderful performance. I also congratulate other aspirants, Atiku Abubakar (Turaki of Adamawa), Rochas Okorocha, and of course, my friend, your friend, Sam Nda-Asaiah. Just as we predicted, the primary election was a family affair. It was done in sa uch way that all of us are winners and all of us pledged to support the winner before the primaries and even after the primaries. I thank the Almighty God and I also thank all the delegates and those who supported us through various means to achieve such a wonderful result. I started very late and I know up till this moment, it wasn’t up to two months that I started.

Many people claimed that I wasn’t known in the South, and other parts of this country. Despite all that, I became number two, after our candidate, General Muhammadu Buhari. And I am happy that, at least, now I am known across the country; and that is a good story for me and a good story for all our supporters in this state and across the country. The result didn’t show delegates from Kano alone, it was delegates from across the country; because I have seen, even from the counting, from here Buhari.

Buhari, Kwankwaso…and so on, which means that the support I got cut across the whole country, and I want to thank all the delegates. We will continue to build the party so that at the end of the day, the APC can win election not only in Kano but across the nation.

On the issue of the senatorial seat, I was just coming back and we had to go and settle the Kano North Senatorial primaries. We had to move straight because we had to do it before 12 midnight and that is done. Now, the next thing is to return and consult my friends and my colleagues here find political future for my humble self and, of course, other people who working together with us here in Kano, for the next dispensation.

But, Your Excellency…?

Yes. You are looking at me, as if I didn’t answer your question…

How do you compare the internal democracy between the PDP and the APC, looking at the emergence of the presidential candidates of both parties?

You see, the difference is very, very clear. The APC is now the PDP in those days especially in 1999 and 2003. That is how we built the PDP. We allowed aspirants to show their interest, the party will support and even encourage those who are interested to go out and campaign; and it has a lot of advantages, especially if you look at it from my own contest. When I declared, I had to go round the country and convince many of my friends, many of them in the APC, many of them were in other parties. As a result of that, we have so many people who have now

• Dr Kwankwaso

‘Many people claimed that I wasn’t known in the South, and other parts of this country. Despite all that, I became number two, after our candidate, General Muhammadu Buhari’ joined the APC as a party not because they were the APC or they wanted the APC ordinarily, but because they knew that my leadership will be good for them and will be good for the country; and that was why they came and I can assure you none of them will go back to any other party. They will stay in APC and support it from bottom to the top; and so all so, other aspirants who have gone round, especially, Sam Nda-Isaiah—many people didn’t understand the importance of those 10 votes that he got. You know you can lose or win with 10 votes, not only in the election like the one we had, even in general elections, you can lose or win election with 10 votes in this country. So, 10 votes are very critical and those 10 votes will certainly bring in so many people into our party. So, we are not even talking of the votes that were being recorded for Rochas, even Atiku himself and the ones that were scored by the winner, General Muhammadu Buhari. So, if you put the efforts of these five aspirants together, I am sure that will go a long way. We have seen a lot of changes in the last few months, especially, as it relates to even General Buhari himself.

Ordinarily, General Buhari wouldn’t have taken so much time, so many efforts to go round the country to convince people. Now, he is a full-fledged politician who has gone round to ask for support, to ask for understanding.

He has worked like any other politician in this country, and that is what we want him to do. We don’t want to

sit down in a room and look at him and say ‘let us dash him this ticket.’

Now, he has earned the ticket for himself and that has gone a long way in strengthening the party. It has gone a long way in strengthening and deepening democracy in this country. Looking at what he was saying. He was like any other polished and experienced politician; and that is how it should be, and I am sure even if by the grace of God, when he gets to the Villa, he will be a wiser politician, a more experienced politician, who will value every delegate, who will value every religion, who will value every other tribe, ethnicity and differences across the country. So, I am very happy and proud that our party decided to give us a level playing ground for everybody to contest.

Considering your efforts before the primaries, do you feel betrayed by the result?

No. You see, when I was going into it, I thought I was going to win, but I became number two. If you look at the quality of people, their experiences, their wealth—I think everybody should congratulate me. And many people, especially, my friends, I am sure they have seen it on papers. What I believe is that anybody who voted for Buhari is my friend; and if they had known the relationship between me and him; even those who really didn’t like me, if they had known, they wouldn’t have voted for him because I am sure you must have known that he was telling the whole world when they ask him, if you are not getting, it who else would you

support and he said, ‘Rabi’u Musa Kwankwaso,’ and this was just few days to the primary election. Then, what else do we want and what else do I want? This is somebody who said that voluntarily at his age and he is outstanding in the society. He voluntarily passed out this information not to me but to the whole world. He said, ‘if it is not me, I will support Kwankwaso,’ so, to me, it is as good as I won the primary election.

Will you still contest for the Presidency in the future?

Well, you see, I think there is a lot of difference between me and many other people. For me I have decided to go into politics as a politician. I didn’t go into politics just to get a position and enjoy myself. No. I am in politics to better the lives of our people. When I left service in 1991 to join politics, I wasn’t dismissed, or I didn’t go out as a result of frustration; in fact they have to give me two weeks to go and think— that was after I gave them my resignation letter. They wanted me to stay behind because they knew my worth— Ii was a professional by any standard, but I felt I would be more useful to myself and my country if I go into politics. So, I am a politician first and foremost—if anything comes in terms of elected position or appointed, I welcome it and I will keep on moving; and that is why for over 20 years, I have been in and out, in and out and I think I am one of the very few, if there is any politician today, who has been enjoying these experiences of going into various offices, both elective and appointed positions. And it is always good to have such experiences—now, I am in government, I know how sitting governors feel, and at the same time, I know the feelings of those who were in government and they are now outside the government, because before now, I was in government and outside the government. I know the feelings at the state level; I also know the feelings at the national level. So, first and foremost, I am a politician, I am still there.

So, along the line, if I had won the primary election, it would have been a big challenge. Now, what we have is another challenge because I am now back to the ground to ensure that the PDP is defeated in this state and across the country. In other words, I want to deliver Kano 100 per cent to the APC. Then, some of the people I met yesterday, after declaration, they were saying look, you have to be on that ticket, you have to be in the Senate for Kano Central. With Buhari as the President, and with me as a contestant, it will be very difficult for anybody to mention any party order than the APC on the election day here in Kano. So, now is an opportunity. In the last two months, I have been on and off, now I am fully on ground to complete all these ongoing projects in the state. So, even if there is a disadvantage there, on the other side, you have so many advantages.

And even on the side of the disadvantage—if you take it like that, I am happy, somebody I respect a lot and somebody who believes that in this country if not him, it will be Kwankwaso, I don’t think anybody will doubt our relationship with Buhari because this is the information that he gave voluntarily.

While the APC presidential primary election was going on in Lagos, there was a bomb-blast in Kano, coming few days after the vicious attack on Kano Central Mosque. There have

been a series of such attacks in parts of northern states. What is the lasting solution to these incessant terror attacks?

I want seize this opportunity once again to commiserate with the families of those who were involved in the last and even previous killings in this state and across the country. It is very sad, it is very unfortunate that Nigeria as a country is facing these challenges at this crucial time and we are looking for the answer—I believe that the answer is to have a committed, an honest, determined President and Commander-In-Chief; somebody who has the political will to stop the killings not only in Kano, but across the country. Every day, if it is not in Borno, it is in Yobe, it is in Yobe, if it is not in Yobe, it is in Adamawa, it is Bauchi, Gombe, Kano; just yesterday, we learnt they struck again in Plateau and so on. So, it is a national issue which must be addressed by the Commander-In-Chief.

And I want to say that Buhari has a military background and that will go a long way in helping him and guiding him on what to do; and by the grace of God, whether from my own house in Kwankwaso town, or from Kano in Gandu Albasa or from anywhere, we will continue to support him, and by the grace of God, when he becomes President, we will succeed; because that is very important, he has his own version of experience, I have my own version of experience, especially, experience in the area of security. And I will rally around him to help him to succeed because his success is not only his own, not only my success, it is not only your success, but the success of this country because even our friends elsewhere are very worried, especially those who have invested their money in this country, especially those who wants to invest; especially those who like or respect this country. People are wondering what is happening in Nigeria. So to answer that question is that we need a good Commander-In-Chief and if Buhari goes there, I see no reason why all these rubbish will not stop in this country.

You have said that with his military background, General Buhari can fix the problem of insurgency in this country. Are you saying that military Generals in politics are better than civilians in politics?

I didn’t say so. But you see, in this political era, a General who has gone through the system over the years, under normal circumstances, is in a better position to handle the issue of security—this is very important. But that is not to say that he can…let me not go into that…next question…

Your Excellency, we want to roll you back. If after due consultation, eventually at the end, they say you should run for the Senate Seat. Will you accept?

I think you are just repeating what we have already discussed…I thought you would ask a different question!

Well, I am consulting and this consultation will soon end because it is not an open-ended thing. We have to take decisions, but I don’t want anything that will appear tomorrow on papers or even on radio today or television without consulting with my friends here or elsewhere; because in politics, it is very important that before you make up your mind on something, at least, you have to meet your friends and ask them what they think should be done.

THE NATION MONDAY, DECEMBER 22, 2014

PREMIERSHIP ...PREMIERSHIP ...

Wenger: Sanchez a Footballer of the Year candidate Reed delighted with

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NATION SPORT

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RSENAL manager Arsene Wenger believes star recruit Alexis Sanchez is a contender to win the Premier League Player of the Season.

Sanchez has taken England by storm, scoring 14 goals in all competitions since snubbing rivals Liverpool for Arsenal after the World Cup in Brazil.

Nine of Sanchez's goals have come in the Premier League, with back-to-back braces against Sunderland and Burnley part of that tally.

With the Chile international's form singlehandedly keeping Arsenal in the race for UEFA Champions League qualification ahead of Sunday's

•Wenger

trip to Anfield, Wenger feels his prized asset can be an award winner at the end of the season.

"In England he would certainly be very high [in the Footballer of the Year running]," Wenger is quoted as telling Arsenal's official website.

"He has less stature to play centrally but even centrally he can be an interesting option even though the physical part doesn't work, because he is more mobile.

"When I played football I played at the back. I was a tall guy but I didn't like to play against a smaller guy who is very mobile and turns very quickly, so sometimes [Alexis] can be a different solution [centrally]."

first Southampton start

•Reed

Mourinho against use of independent panels

J

OSE Mourinho believes using independent panels to punish players

retrospectively for offences such as diving would be a "disaster."

The Chelsea manager had two of his players cautioned for simulation in last weekend's 20 win over Hull City, whose manager Steve Bruce was highly critical of Gary Cahill for taking a tumble in the second half of that encounter.

Former referee Mark Halsey

has recently suggested the idea of players receiving sanctions from independent panels, however, Mourinho is not impressed with that idea.

"When you go to an independent panel to analyse and suspend players by video evidence, it is a disaster," Mourinho said.

"I remember last season, and I don't want to mention names, you had players and clubs

protected by panels. I saw somebody kick a player on the floor and hit him in the back, no suspension.

"I saw others doing minor things being suspended. Players are punished for silly comments on Facebook and Instagram and players are not being punished for other things."

The Portuguese specifically referred to an incident against Aston Villa last term, when he

Carrick backs Falcao to kick on

M

ICHAEL Carrick expects Radamel Falcao to go from strength to strength following his goal against Aston Villa on Saturday.

The Colombian striker's time at Manchester United has so far been undermined by injury issues since his loan move from Monaco.

Chelsea like United´s treblewinning team Hargreaves

But making his first start since October 5 on Saturday, Falcao netted for the second time in a United shirt to earn a 1-1 Premier League draw at Villa Park.

And Carrick believes his impressive header could prove to be the catalyst for a rich vein of form.

"He's scored so many goals over the years and you always feel that when he gets that chance he will score,” Carrick told MUTV. "He's scored a terrific header again and I'm pleased for him.

"After being out for a bit

F

•Mourinho

was sent to the stands for encroaching the pitch following the dismissal of Chelsea midfielder Ramires.

"Independent panels are the same ones who analysed my situation last season against Aston Villa and I was punished because I tried to help," he added. "So, for me, panels only favour the ones who always have the favours."

ORMER Manchester United midfielder Owen Hargreaves has compared Chelsea to Alex Ferguson's 1999 treble-winning team.

Chelsea are on track to claim a historic quadruple this season, with the London outfit firing on all cylinders.

Jose Mourinho's men are flying high in 2014-15, top of the Premier League table and into the UEFA Champions League round of 16 where they will face French champions Paris Saint-Germain.

Chelsea are also set to play Liverpool in the semi-finals of the Capital One Cup, while Watford loom in the FA Cup third round.

With Chelsea threatening to dominate on all fronts, Hargreaves - winner of the Premier League and Champions League during his injury-plagued spell at Old Trafford - believes the Londoners are on par with the legendary United side that won the league title, the Champions League and FA Cup 15 years ago.

"When I look at the Chelsea team it reminds me of how we were back in 1999," Hargreaves told the Mirror.

"Our team was perfect.

"We had great skill, great athleticism, great physical strength. And we were ruthless, in a good way. Looking at Mourinho's side I see the same qualities – especially the ruthlessness.

that's him back and hopefully he can go on a bit of a streak for us and we, as a team, can return to winning ways and get on a roll again.

"Things are going okay, although we hoped for more [at Villa], but we didn’t lose and hopefully we can carry that on over Christmas and be stronger for it when we come out on the other side in January."

Louis van Gaal's side face Newcastle United at Old Trafford on Boxing Day and travel to Tottenham two days later.

H

ARRISON Reed expressed delight after making his first Southampton start in the 3-0 Premier League win over Everton on Saturday.

The 19-year-old was given his chance in midfield at St Mary's Stadium as Ronald Koeman's men ended a run of five straight defeats with a comfortable victory.

Romelu Lukaku's own goal put Southampton ahead before Graziano Pelle and Maya Yoshida hit the target to make sure of maximum points for the hosts.

Reed was thrilled to mark his maiden start with a win that he feels will boost the belief of the side in a busy festive period of fixtures.

"It meant everything," Reed told Southampton's official website "That's what I've been striving for all along. I've been patient on the bench watching games and thinking about how I can influence them so I tried to implement that in my performance.

"I'm absolutely buzzing and over the moon with the win and with the boys' performance. A 3-0 win in front of our home fans was really good.

"It's absolutely massive. After a difficult few weeks where we haven't been playing badly, we've just been unlucky with a few results, to put it straight with a 3-0 win in front of the fans was really important to do.

"It's important that we know if we have suspensions and injuries that we have players that can come in and do a job.

Even if we have a few losses, the team and the spirit in there stays the same. We know we can be a top four team and we're pushing to do that.

"There's belief and confidence in the changing room which stays the same and we'll go through this Christmas period with belief and character from the players which we have.

"To score three good goals, keep a clean sheet against a good Everton side with England internationals in really shows that we are a good side."

Johnson backs in derby late show

A

•Carrick

DAM Johnson was delighted to "rise to the occasion" after his late strike earned Sunderland a 1-0 Tyne-Wear derby win at Newcastle United.

Johnson's volley settled an entertaining contest as Sunderland made it a record four league wins in a row over their bitter rivals.

The winger, who has now scored in his last three appearances at St James' Park, was unsurprisingly ecstatic afterwards.

He told Sky Sports: "It is a great ground, great atmosphere.

"I always seem to rise to the occasion here. I should have scored earlier on and I'd have been a bit gutted if I had missed that one."

The win, the first Gus Poyet's side have managed since November 3, lifts them to 14th in the table.

And Johnson added: "It's a massive win that gives us a great boost. I think it has been coming."

Team-mate Sebastian Larsson said: "That's the best way to win games, especially the derby away from home. We needed a win."

•Johnson

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NATION SPORT

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INTERVIEW

Kroos: Beautiful end to sensational year Mission accomplished. Thanks to their win over San Lorenzo in the final of the FIFA Club World Cup Morocco 2014, Real Madrid picked up one of the few pieces of silverware not already in their packed trophy cabinet. One of the key men inLos Blancos’ success, Germany international Toni Kroos pulled the strings in midfield with aplomb, as well as supplying the corner for Sergio Ramos’ vital headed opener.

Fresh from clinching his second major global title of the year, having lifted the 2014 FIFA World Cup Brazil™ with his country in July, Kroos spoke exclusively to FIFA.com in Marrakech.

T

ONI does it mean much to Real Madrid and to you to have won the FIFA Club World Cup?

Toni Kroos: It’s a fantastic title to round off the year. It’s not easy to get this far, because you have to win the Champions League first. I was fortunate enough to win this trophy last year with Bayern Munich and now I’ve won it again, which doesn’t happen often, so it’s a beautiful end to a sensational year.

Real Madrid have now put together an incredible run of 22 consecutive wins in competitive games. What has made the team so strong this season?

•Kroos

The level of motivation that we dig out for every new challenge. We’re thirsty for wins and silverware. I’m talking domestically too, as Madrid have gone a couple of seasons without winning La Liga and so we’re certainly aiming to finish top of the pile this time. Of course, it’s logical that we’ll lose a game at some point, but the most important thing is to

keep working hard and not get carried away.

You only signed for Madrid six months ago but you look like you’ve been playing for them your whole life.

Did you expect to settle so quickly?

To be honest I’m not totally surprised, as I’ve got a lot of belief in my own ability.

What do you see as your role within the team?

I’ve got my job to do, as have the other ten players who take the field with me. When I’m out on the pitch, I try to do everything that the coach wants from me as best as I possibly can. Given that I play in the middle of the park, as you’d expect I try to exert as much control over the game as I can. And up to now, things have been going wonderfully.

What are your goals for 2015? Madrid look well-placed to become the first team ever to win successive UEFA Champions League crowns…

We’re aiming to win every competition that we take part in but, at the same time, we’re aware of the difficulty involved. Atletico Madrid and Barcelona are our biggest rivals in La Liga and it’s more of the same in the Champions League,

where you’ve also got the likes of Chelsea or Bayern. It’s going to be a very, very tough year but we’re excited about it too. We’re in a really rich vein of form right now and we’re going to try and stay on the same track. That said, it definitely won’t be easy.

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BUSINESS EXTRA

Nigerian banks more exposed than Russia’s to oil slump

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IRST Bank and Guaranty Trust Bank Plc are among banks with the most at stake as tumbling oil prices strain Nigeria’s economy.

Oil companies account for 25 per cent of bank lending in Nigeria, Olalekan Olabode, an analyst at Lagos-based Vetiva Capital Management Ltd., told Bloomberg.

Among the three largest Russian banks, OAO Sberbank relies on the industry for 2.2 per cent of loans, VTB Bank OJSC 8.1 percent and Gazprombank OJSC 16 percent, company filings show.

“The outlook for Nigerian banks is very linked to what happens to oil prices,” said Adesoji Solanke, a

By Collins Nweze

banking analyst at Renaissance Capital Ltd. “Oil prices have significant economic implications for Nigeria, which eventually feed through to the banks.”

Nigeria derives almost all export earnings and 70 per cent of government revenue from oil. The price of Brent crude has dropped more than 40 percent this year to the lowest since May 2009, prompting Finance Minister Ngozi Okonjo-Iweala to propose an 8 percent budget cut on December 17.

The Central Bank of Nigeria (CBN) raised interest rates to a record last month to protect the naira.

The Nigerian Stock Exchange Banking Index has dropped 30 per cent this quarter, reflecting investor concerns that petroleum companies may struggle to pay debt.

Non-performing loans will climb to between five per cent and 10 percent by the end of 2015 from less than 3 percent now, Fitch Ratings Ltd. said.

The country’s lenders form subSaharan Africa’s biggest banking industry after South Africa, with about $155 billion of assets, according to Exotix Partners LLP. Banks with the greatest reliance on the energy industry at the end of September were FBN Holdings Plc (FBNH), owner of First Bank, Guar-

anty, the biggest lender by market value, and Skye Bank Plc, said Olabode at Vetiva Capital.

While oil producers’ earnings could be eroded by reduced income from sales of crude, the depreciation of the naira, which has fallen 11 per cent against the dollar this quarter, also makes it more expensive for fuel suppliers to pay for gasoline imports. Nigeria only has refining capacity to meet 30 percent of demand.

“The sliding oil price poses a threat to banks’ performance as asset quality deteriorates amid a tougher operating environment,” Olabode said.

Nigeria’s banking index has declined 34 per cent since the end of 2013. South Africa’s banks have

risen by a weighted average of 19 per cent, while Abu Dhabi’s lenders have climbed 11 per cent, according to data compiled by Bloomberg.

First Bank has structured its oil loans, which form 40 percent of its portfolio, so that they can be serviced “at prices well below current market rates,” said Chief Risk Officer Abiodun Odubola.

Guaranty’s lending to the oil industry has dropped from 28 percent to 22 percent since the end of September, spokesman Lashe Osoba said. Skye, which has almost a third of its loans with petroleum companies, doesn’t expect defaults to increase at current prices, said spokesman Rasheed Bolarinwa.

Youths are Africa’s future, says UBA CEO

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• From left: Director, Enterprise Development Centre (EDC), Peter Bamikole; Head, Business Sales, Transaction Banking Division, Diamond Bank Plc, Mrs Uche Ben-Uzoebo; Head, Micro, Small and Medium Enterprise Propositions, Chima Nnadozie and Segment Head, Micro Enterprises, Adaeze Ume with EDC’s National sponsor of Global Enterprise Week in Lagos.

H

HE future progress of Africa, as a continent, is in the hands of its youthful population, Group Managing Director and CEO of United Bank for Africa (UBA) Plc, Phillips Oduoza has said.

He spoke at the just concluded Future Awards and Summit held in Lagos to celebrate youths excelling in different aspects of life. UBA was a lead sponsor of the awards and summit as part of its commitment to the development of the next generation of future leaders in Africa .

Explaining why the bank was sponsoring the programme, Oduoza, represented by the Divisional, Head, e-Banking UBA Plc, Dr. Yinka Adedeji, said: “Over 50 per cent of Africans are youths. As a pan-African bank with operations in 19 African countries, UBA aligns its vision to the aspirations of the continent’s youthful population by developing tailor made products that aligns with the aspirations and ambitions of the African youth.

For example, our Next Generation account also known as “NextGen” is specifically targeted at youths and is about building the next generation of educated and enlightened professionals, employees, entrepreneurs, self employed persons, from all walks of

life, early in their financial life cycle.” The Next Gen account, he said, allows account holders to have access to 24 hour online banking services on UBA’s highly acclaimed internet banking platform besides other privileges like free web portals, specially branded Mastercard, interest bearing savings accounts, career advisory, scholarships, work place experience schemes with the UBA Group, entrepreneurial skills development workshops and social media engagements.

He spoke during the presentation of the prize for “the Future Africa Award in Agriculture,” won

by Samir Ibrahim and Charles Nichols, Founders of SunCulture, Kenya; a solar-powered irrigation kit which makes it simpler and cheaper for farmers to grow food.

The kit replaces expensive diesel and petrol pumps.

UBA also endowed The Future Africa Awards “Young Person of the year,” which was won by Sangu Delle, Co-Founder, Cleanacwa , Ghana ; a 27 year old entrepreneur from Ghana who built a Clean Water organisation that has impacted tens of thousands of people in rural Liberia and Ghana .

How technology is solving big data challenge

UAWEI has launched a three-in-one big data solution that handles issues involving big data. One of the platforms, the N9000 storage system is capable of handling analytics, storage, and archiving, a trinity solution. Based on the concept of “scalable on demand, convergent for future”, the N9000 helps customers easily address big data challenges.

The N9000 storage system consolidates three functions namely: data storage, data analysis, and data archiving.

The system, Huawei says, eliminates information silos, employs a unified concurrent task scheduling framework to support cleaning and analysis of massive structured and unstructured data. It also implements lifecycle management for massive data, with the support for archiving and compression of historical data and power-off of disks on which historical data is stored.

It also provides content awareness based on massive unstructured data (metadata management); builds search engines for query of massive unstructured data, accelerating hotspot data access. It requires only a moderate initial configuration. As business develops, customers can expand capacity and performance to suit their needs. Performance is improved linearly, maximizing the return on investment (ROI) and reducing the total cost of ownership (TCO).

The firm said continuous development and application of IT tech-

nologies has allowed digitization to benefit almost every aspect of daily life. Living in the era of Web 2.0, we are not merely passive information recipients but also information creators. About 2.9 million emails are sent every second worldwide. It would take a person 5.5 years to read through all the emails generated from this one second alone, allotting one minute to read each email with no breaks or rest.

It disclosed that there are about 50 million tweets each day. “Averaging out that each tweet takes about 10 seconds to read, it would take one person 16 years to view all the messages—again, without any breaks. About 6.3 million orders are generated on Amazon every day.

Netizens spend 700 billion minutes on Facebook every month. A camera working at a rate of 8 Mb/s generates 3.6 GB of data every hour. If hundreds of thousands of cameras are installed in a city to monitor traffic and enhance public safety, the amount of data generated every month reaches dozens of PB,” it said.

Continuing, it said the data generated to capture CT images for a patient reaches dozens of GB. “In China, there are over 1 billion outpatient visits every year, and patient information must be stored for a long time. In a word, big data exists in various industries. The big data era is at our doorsteps,” it said.

Also, since data generation costs are dropping sharply, the amount of generated data is soaring expo-

nentially. The emergence of many new data sources leads to explosive growth of unstructured and semistructured data. Data structures are increasingly complex. The world entered the ZB era in 2010. According to an IDC survey, global data doubles approximately every two years. It is predicted that there will be 40 ZB of data in total by 2020, a 50-fold increase compared with that of 2009. We are coming into the data era.

Huawei explained that requirements from new-generation customers present the enterprise business with transformation challenges and drive reforms in enterprise IT infrastructures in order to meet the requisites of the big data era. Customer needs are the lifeline of any enterprises. Customers now require much more than traditional PCs in achieving mobility and convenience. This tech-savvy generation follows micro blogs, maintains interpersonal relationships on social networking websites, favors online shopping, and wants to enjoy a free, entertaining, sharable, and ultimate IT-enabled lifestyle.

Big data, it added, is derived from a variety of sources, including increasingly complex enterprise customer information data, classification data, and online trading records; data and logs generated by complex terminal devices such as post-PC devices, video surveillance terminals, and Internet of Things (IOT) sensors and various types of

social data arising from blogs, microblogs, photos, videos, and customer feedback information among others.

The N9000 also provides excellent flexibility, outstanding performance, smart convergence, and simplified management. Each main feature is further described as follows.

It employs a scale-out architecture and full-redundancy deployment without any single point of failure.

The distributed RAID mechanism ensures high reliability between data nodes. In addition, the N9000 supports flexible and seamless expansion from three to 288 nodes, and the capacity of a single file system can be expanded up to 40 PB. Services are not interrupted during the entire expansion process. For an emerging enterprise, business volume usually remains low during the early stages. Such an enterprise typically needs a small-scale IT infrastructure and does not have big IT budgets. However, the enterprise may require high performance. The initial configuration of the N9000 meets such enterprise’s capacity and performance requirements while maintaining a relatively low TCO. As the enterprise grows, so does its IT requirements.

In this case, the original IT investment will not be wasted. Instead, the enterprise can easily meet increasingly demanding requirements simply by expanding the capacity of the N9000.

To meet customers’ capacity and

performance requirements while minimising investments, the N9000 provides nodes to suit different scenarios: high-performance nodes, high-bandwidth nodes, and largecapacity nodes. Customers can configure nodes as required and schedule resources in a unified manner, thereby achieving ease in management of the storage system.

“Reading and writing data to a cache is much faster than reading and writing data to a disk. The N9000 adopt global cache technology to provide service systems with a cache pool up to 55 TB, improving the data access ratio and overall system performance. The N9000 also provides a massive metadata search engine,” it explained.

“Furthermore, the N9000 employs a 10GE/InfiniBand internal network to minimize internal latency. This capability enables the N9000 to respond to upper-layer services as quickly as possible. It provides industry-leading five million +OPS, 170+ GB/s of aggregate throughput, and extremely low latency to fully meet demanding performance requirements of applications, such as high-performance computing (HPC), life science, and media editing. Not only does a single node provide high performance, overall system performance also increases linearly as the number of nodes increases. Therefore, increasing performance requirements from customers can be easily met,” it said.

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THE NATION MONDAY, DECEMBER 22, 2014

NEWS ‘Violence won’t follow elections’ Continued from page 4

to develop,” he said, adding: “God is love, and out of love, God gave his only son for man to redeem of his sins.

This is the seventh edition but holding for the first time in the new stadium. Our journey has not been easy. We have fought ethnicity. God gave us the string to string them down. As the walls of Jericho came down, every barrier to our success will come down. As we join our

voices together, the insurgence shall cease to be.

Through our voices, the Ebola shall cease to be, scourges of poverty in Africa will be erased in the continent through our voices,” Akpabio said.

Continuing, he said: “I declare peace and goodwill to all men. I am aware this is my valedictory carol night because next year, I will not have the honour to do so, but I shall be a special guest as senator of Nigeria.

Buhari promises issue-based campaign Continued from page 4

personal virtues of discipline, honesty and transparency to inspire the change that is imminent.

“Our responsibility is to communicate how the military skills acquired by Buhari, the generals’ general, in a publicly acknowledged distinguished career, has made him the most appropriate contestant in the 2015 election with the technical and technocratic skills to crush the rampaging insurgency and bring peace to a nation losing a protracted guerrilla war”.

On the Buhari-Osinbajo ticket, the campaign

organisation said it brought together two institutions, which defend the national patrimony and maintain internal harmony.

It explained that while the military defends the state from aggression, the judicial system defends the law, which establishes and maintains the state.

“Indeed, the intellectual, political and spiritual antecedents of Prof. Yemi Osinbajo provide the complimentary combination and collaboration that the next Nigerian administration needs - a government that respects the rights of its citizens and enforces their duty to the state.

Skye takes over Mainstreet Bank Continued from page 4

36 states and the Federal Capital Territory, Abuja. It has nine cash centres and 205 Automated Teller Machines (ATMs).

Skye Bank, with dominant operations in the Southwest, is also banking on Mainstreet Bank to deepen its penetration of the South-East and SouthSouth regions where it is less represented. Some 26 per cent or 54 branches of Mainstreet Bank’s network are located in the two regions. These two regions also account for 28 percent of Mainstreet Bank’s over 1.9 million customers, second only to Lagos with 37 percent.

With smooth and seamless integration, Skye Bank will make valuable in-roads into these two regions without the need to incur huge expenditure. The acquisition will bring valuable concurrence and synergy from the mutual focus areas of commercial and retail banking of the two entities.

Skye Bank focuses on retail and commercial banking, which is also the main focus areas of Mainstreet Bank.

The audited report and accounts of Mainstreet Bank for the year ended December 31, 2013, showed that retail and commercial banking contributed 78 per cent, 36 per cent and 18 per cent of total deposits, total loans and profit before tax. Mainstreet Bank’s savings and demand deposits accounted for 21 per cent and 43 per cent of the deposit mix, which also demonstrated its focus on these two segments. A second generation leader, Mainstreet Bank has a large pool of loyal institutional and corporate customers, which, in spite of its

status as an AMCON-owned bank, ensures that the bank retained almost its two million customers after the takeover.

Also, Mainstreet Bank Limited has a history of successfully managing agricultural loans, which accounted for 12.6 per cent and 16.9 per cent of its loan portfolio in 2012 and 2013, second only to “general” sector. Analysts have said Mainstreet Bank’s expertise in managing agric loans made its non-performing loan ratio very negligible at 0.01 per cent, where Skye Bank saw a significant opportunity to improve its expertise in this area, and therefore raise its market share in the agriculture sector. This will position Skye Bank very strategically to partner with, and participate in the Federal Government’s short and medium term planned strategic investments and budgetary allocation to the agriculture sector.

Besides driving growth with its inorganic strategy, Skye Bank, organically, has been witnessing a notable upturn in its performance. The bank recorded a pre-tax profit of N12.3 billion on a top-line of N97.13 billion in the third quarter. Key extracts of the interim report and accounts of the bank for the nine-month period ended September 30, 2014 showed modest growths in some performance indices. The pre-tax profit of N12.3 billion represented a quarter-on-quarter growth of 33 per cent. With gross earnings of N97.1 billion, the bank was able to reduce its interest expense by 15 percent year-on-year to close at N30.3 billion compared with N35.7 billion as at September 2013.

Boko Haram fighters invade town Continued from page 4

the military formation in Geidam before moving into the town, shooting sporadically.

There were reports of fighting between the insurgents and security agents still going on in the town.

An Air Force jet fighter was said to have been immediately deployed in Geidam to

chase out the insurgents.

A resident who spoke with on the telephone said he heard the sound of the jet.

A local government official explained that the insurgents came in large numbers. Some enter military check point, behind polytechnic, and behind the local government Lodge.

2015: How Buhari ’ll defeat Jonathan, by ex-Speaker Continued from page 4

dent that Buhari unfolded his plans to key associates at a meeting in Kaduna.

He said he would not want his campaign personalised as it happened when he contested on the platform of the All Nigeria Peoples Party (ANPP) and the Congress for Progressives Change (CPC).

The source quoted Gen. Buhari as saying: “This time around, I want party ownership of the campaign. The campaign team will reflect all the tendencies in the party.

“Some of you who have been with me over the years may not be included but I want everyone involved because this is a collective mandate. The

overall target of defeating PDP is more important than personalising the campaign.”

Responding to a question, the source added: “Buhari said all presidential aspirants, governors and leaders at all levels will be involved in his campaign.

“So, Governor Rabiu Kwankwaso, ex- VP Atiku Abubakar, Governor Rochas Okorocha, Mr. Sam Nda Isaiah and all the governors will play key roles in the APC campaign. They have rich experience in politics and campaign that cannot be wished away.

“The colour of APC campaign will be based on grassroots mobilisation. We want to take PDP to the cleaners. The

ruling party may rely on money; we will campaign for change and explain why it is necessary to effect this change.”

Another source added: “The APC will be decorous and lay the facts on the table for Nigerians to appreciate that a change is desirable for the nation in 2015.”

The APC plans to make what a member of the NWC described as “substantial” inroads into the SouthSouth and the Southeast.

The NWC member said: “APC is targeting huge votes from these two zones where it has been stigmatised. “ By the time the people of the two zones realise the misrule of the PDP, the story will

be different at the poll in February 2015.

Speaking on his chances in the Katsina governorship race, Masari told his supporters:”We are in democracy. We must deepen democracy. And we believed in 2011 we won the governorship election in Katsina. Even those who were responsible for the collation of election results told me personally that we won the election.

“So this 2015, we are not afraid. All what we want is give the people what will make them vote; simple.”

On his plans for the people, if elected as governor in 2015, Masari said Katsinans are farmers adding that he would revamp agriculture.

Boko Haram releases video of sect killing civilians in a dormitory Continued from page 4

The setting of the latest video appears to be a school, a long dormitory furnished with bunk beds which the leader says is in Bama, a town 40 miles north of Gwoza. Students and schools are frequently targeted by Boko Haram, which means “Western education is sinful” in the Hausa language.

Previously, the militants had told residents of villages and towns that they would kill only enemies and wanted people to live peacefully in the area they have dubbed an Islamic caliphate, a large

swath along Nigeria’s northeastern border with Cameroon that they have controlled for more than three months.

In the video, the leader notes that the prophet Mohammed advised prisoners should be held, not killed, but says “we felt this is not the right time for us to keep prisoners; that is why we will continue to see that the grounds are crimsoned with the flowing blood of prisoners”.

He says some of those killed may call themselves Muslims, but are considered

infidels by Boko Haram, a Sunni Jihadi group that imposes strict Shariah law.

Thousands of people have been killed and about 1.6 million driven from their homes in the five-year insurgency that is spilling across borders into Cameroon, Chad and Niger.

Last week, extremists killed 35 people and kidnapped at least 185, fleeing residents said Thursday of an attack near the town where nearly 300 schoolgirls were taken hostage in April.

Last month, an official in Chibok said the extremists

forced thousands of residents to flee the town.

The attack on Gumburi happened one week ago, said a security official and a local government officer, who insisted on anonymity because they were not authorised to speak to the press. The news took days to emerge because the militants have destroyed communications towers in the area.

Gumburi is 12 miles from Chibok, the northeastern town where extremists kidnapped 276 schoolgirls in April. Dozens of the students escaped but 219 remain missing.

•From left: Rivers State Governor Chibuike Amaechi; his deputy Tele Ikuru; Rivers All Progressives Congress (APC) governorship candidate, Mr. Dakuku Peterside and his wife, Elima, during a service to dedicate the mandate of the APC candidate in Port Harcourt…yesterday.

I’ll serve God and our people, says Peterside

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HE governorship candidate of the All Progressives Congress (APC) in Rivers State, Mr. Dakuku Peterside, has said he will serve God and the people if elected next February.

He spoke at a praise/dedication service at the Obi Wali International Conference Centre in Port Harcourt yesterday.

Peterside said: “I am openly admitting that we acknowledge that power belongs to God. “We have chosen to begin from here because by divine unction and direction, we have come to understand that time tested truth that while ‘Some trust in chariots, and some in horses’: we are most assured when we’ remember the name of the Lord our God.” He added: “When on October 26, 2007, our governor took over leadership in our beloved state, we all agreed that power belongs to God. And so, we set our heart that if that faithful God would graciously give us an opportunity to serve Rivers people in any capacity, we would do so with all our heart and soul and strength and that at each point, we would raise

From Precious Dikewoha, Port Harcourt

an altar of Praise and Thanksgiving to His Holy Name. We are therefore, here today, to stand true to that vow. ”When by the grace of God and the decision of our great party, the All Progressive Congress, the mantle to take the baton of leadership fell on me, I Dakuku Adol Peterside, your son, who grew up among you, watched over by the elders, decided that I would humbly invite my fathers, mothers, brothers and sisters, friends and everyone in our state, to come join me praise the King of kings and establish Him as always as Lord and God over Rivers State.

“Having worked closely with our leader, our brother, our governor and our friend , I have seen his passion for excellence and a new and better Rivers State. I have been challenged by this passion and believe that a greater Rivers State is possible if we all join hands.

“Together I believe we can provide leadership that will accelerate the actualisation of a greater Rivers dream of improved middle class, first class

safe environment, equal and more socio-economic opportunities and create a greater sense of community, a Rivers State that will be the pride of Africa.

“On my honour, I pledge this day, before God and His priests assembled here, that when I am elected and sworn into office as Governor of Rivers State in 2015, I will serve God and our people. We will not sell our dear Rivers State to the devil. Not for anything!”

The cleric, who gave the exhortation, Apostle Israel Alubah, an Ogoni, stated that Wike and his governorship aspiration had failed, with the refusal of his hired chopper to take him back to Port Harcourt from Bori-Ogoni last Thursday, during his “thank you” tour.

Alubah noted that the PDP’s standard bearer flew in an helicopter into Bori, the traditional headquarters of Ogoniland, but to confirm God’s disapproval of his governorship aspiration, the chopper could not start after his campaign and he angrily returned to Port Harcourt by road, only for the helicopter to start shortly after

Wike and his allies left.

In his sermon entitled: “Our God can do it again,” the cleric described Peterside, an indigene of Opobo, the headquarters of Opobo/Nkoro Local Government Area and the Chairman of the House of Representatives’ Committee on Petroleum (Downstream), as a destiny child.

Rivers Governor Rotimi Amaechi read the only lesson, taken from II Chronicles 7: 1119.

The dedication was attended by Amaechi’s wife, Dame Judith; Peterside’s wife, Elima; his running mate, Okorie Honourable Asita, and his wife, Patricia; the representatives of Rivers Southeast Senatorial District, Magnus Ngei Abe; and the Chairman of the House of Representatives’ Committee on Diaspora, Abike Dabiri-Erewa.

Others in attendance were a member of the Board of Trustees of the APC, Sam Sam Jaja; Rivers Deputy Governor; Tele ikuru, an engineer; the Rivers Chairman of the APC, Chief Davies Ibiamu Ikanya; the Secretary to the Rivers State Government, George Feyii, among other eminent personalities.

THE NATION MONDAY, DECEMBER 22, 2014

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FOREIGN NEWS Liberia holds postponed senate election

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OTING is under way in Liberia in an election that was postponed in October because of the Ebola outbreak.

Liberians are choosing representatives to the country’s senate.

Among the 139 candidates vying for 15 seats are former football star George Weah and Robert Sirleaf, the son of Liberia’s president.

Ebola has infected about 19,000 people in West Africa, killing more than 7,373 - with 3,346 deaths in Liberia, according to the latest UN figures.

The senate elections were postponed in October in a bid to stop campaigners and voters spreading the virus.

The election is being held just days after neighbouring Sierra Leone clamped down on public gatherings.

It has banned Sunday trading, restricted travel between districts and prohibited public celebrations over Christmas and the New Year.

One of Sierra Leone’s top doctors, Victor Willoughby, died from Ebola on Thursday, just hours after the arrival of experimental drug ZMab which could have been used to treat him.

Healthcare workers are among those most at risk of catching Ebola which is spread by bodily fluids and requires close contact with victims.

In November, Liberia’s election commission chairman, Jerome Korkoya, urged candidates and supporters to follow public health regulations in the run-up to the senate elections.

“For instance, the transportation of large groups of electorates by candidates clustered in vehicles and the congregation of huge number of people will be regulated,” he said in a statement.

UN Secretary-General Ban Ki-moon was in Liberia on Friday at the start of a two-day visit to countries affected

by Ebola in West Africa. He continued on to Guinea on Saturday.

After stepping off the plane, he washed his hands and had his temperature taken - two important practices to help stop the spread of the disease.

THE NATION FRIDAY, JULY 25, 2014

Al-Qaeda in South Asia condemns Pakistan killings

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L-QAEDA’S regional branch yesterday said its hearts were “bursting with pain” over the Taliban’s massacre at a Pakistan school and urged the militants to target only security forces.

The attack on Tuesday killed 149 people — mostly children — in the northwestern Pakistani city of Peshawar.

“Our hearts are bursting with pain and grief over this incident,”

Osama Mehmood, spokesman for Al-Qaeda South Asia chapter said in a four-page emailed statement.

“There is no doubt that the list of crimes and atrocities of the Pakistani army has crossed the limit and it is true that this army is ahead of everyone in America’s slavery and genocide of Muslims... but it does not mean that we should seek revenge from oppressed Muslims,” Mehmood said.

“The guns that we have taken up

against Allah’s enemy America and its pet rulers and slave army should not be aimed towards children, women and our Muslim people,” he added.

Al-Qaeda chief Ayman alZawahiri announced the creation of the new South Asia branch in September to “wage jihad” in Myanmar, Bangladesh and India.

The Afghan Taliban, who are loosely affiliated with Tehreek-eTaliban Pakistan (TTP), have also

‘IS has executed 100 members trying to quit’

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HE Islamic State extremist group has executed 100 of its own foreign fighters who tried to flee their headquarters in the Syrian city of Raqqa, the Financial Times newspaper said Saturday.

An activist opposed to both IS and the regime of Syrian President Bashar al-Assad, who is wellknown to the British business broadsheet, said he had “verified 100 executions” of foreign IS fighters trying to leave the jihadist group’s de facto capital.

IS fighters in Raqqa said the group has created a military police to clamp down on foreign fighters who do not report for duty. Dozens of homes have been raided and many jihadists have been arrested, the FT reported.

Some jihadists have become disillusioned with the realities of

fighting in Syria, reports have said.

According to the British press in October, five Britons, three French, two Germans and two Belgians wanted to return home after complaining that they ended up fighting against other rebel groups rather than Assad’s regime. They were being held prisoner by IS. In total, between 30 and 50 Britons want to return but fear they face jail, according to researchers at the International Centre for the Study of Radicalisation at King’s College London, which had been contacted by one of the jihadists speaking on their behalf.

Since a US-led coalition began a campaign of air strikes against IS in August, the extremist group has lost ground to local forces and seen the number of its fighters killed rise significantly.

There have been a string of

apparent setbacks for IS in recent weeks.

Iraqi Kurds claimed Thursday to have broken a siege on a mountain where Yazidi civilians and fighters have long been trapped.

The Kurdish advances came during a two-day blitz in the Sinjar region involving 8,000 peshmerga fighters and some of the heaviest air strikes since a US-led coalition started an air campaign four months ago.

Meanwhile Thursday, the Pentagon said several IS leaders had been killed in US air strikes.

In 40 days across October and November, some 2,000 air raids killed more than 500 people, according to the Syrian Observatory for Human Rights, a Britain-based monitoring group, which relies on a network of sources on the ground.

Woman charged with killing her seven children, niece in Australia

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USTRALIAN authorities have charged a woman in the northern city of Cairns with the murder of seven of her children and her niece.

Mersane Warria, 37, was charged while in hospital where she is being treated under guard for self-inflicted knife wounds, police say.

Post-mortem examinations are being carried out to determine the exact cause of the eight victims’ deaths.

The four boys and four girls were aged between 18 months and 14 years.

Police found a number of weapons at the scene, including knives, which are being examined.

Officers said they were looking at various possibilities for the deaths, including suffocation.

Dozens of flowers and soft toys have been left at memorials near the scene Family members of the victims went to visit some of the tributes The killings have stunned the community The bodies were reportedly discovered by the mother’s 20-yearold son arriving at the home on Friday morning.

Tunisian presidential candidates clash over poll

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Egypt opens Gaza border again

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GYPT opened the Rafah border crossing on Sunday for incoming passengers from the Gaza Strip for the first time in almost two months, Palestinian and Egyptian officials said.

Rafah is the only major crossing between impoverished Gaza, home to 1.8 million Palestinians, and the outside world that does not border Israel, which blockades the strip and allows passage mainly on humanitarian grounds.

Egypt shut the crossing on October 25 after Islamist militants in Egypt’s adjacent Sinai region killed 33 members of its security forces in some of the worst anti-state violence since Islamist president Mohamed Mursi was toppled in July 2013.

Since then, Cairo has opened the crossing only twice to allow thousands of Palestinians stranded in Egypt and beyond to return to Gaza, which is dominated by the Islamist Hamas faction.

Hamas has long had ties to the Muslim Brotherhood, which was ousted from power in Egypt when Mursi was overthrown, but its relations with the current Egyptian government are tense.

Maher Abu Sabha, the Hamasappointed director of crossings, said Rafah would open for two days to allow Gazans with serious illnesses to travel to Egypt and beyond for treatment and to allow foreign nationals and students to travel.

An Egyptian official, citing “security reasons”, said there was no decision yet to allow the permanent and full opening of the crossing as was the case before October 25.

condemned the attack, saying killing innocent children was against Islam.

Pakistan described the bloody rampage as its own “mini 9/11”, saying it was a game changer in its fight against terror.

The army has been waging a major offensive against longstanding Taliban and other militant strongholds in the restive tribal areas on the Afghan border for the last six months.

•Prince Harry shows children a photograph he has taken during a visit to a school constructed by his charity, Sentebale, in Mokhotlong, Lesotho.

PHOTO:AFP

Gunman shoots dead two New York cops, kills self

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HE warning came just moments too late: A man who had shot his ex-girlfriend a few hours earlier had travelled to New York City and vowed online to shoot two “pigs” in retaliation for the police chokehold death of Eric Garner.

Just minutes before a wanted poster for Ismaaiyl Brinsley arrived in the NYPD’s Real Time Crime Center, he ambushed two officers in their patrol car in broad daylight, fatally shooting them before killing himself inside a subway station.

Brinsley, 28, wrote on an Instagram account before Saturday’s shootings: “I’m putting wings on pigs today.

They take 1 of ours, let’s take 2 of theirs,” two city officials with direct knowledge of the case confirmed for The Associated Press. He used the hashtags Shootthepolice RIPErivGardner (sic) RIPMikeBrown — references to the two policeinvolved deaths that have sparked major protests around the country.

The officials, a senior city official and a law enforcement official, were not authorized to speak publicly on the topic and spoke on condition of anonymity.

Police said Brinsley approached the passenger window of a marked police car and opened fire, striking Officers

Rafael Ramos and Wenjian Liu in the head. The officers were on special patrol doing crime reduction work in the Bedford-Stuyvesant section of Brooklyn.

“They were, quite simply, assassinated — targeted for their uniform,” said Police Commissioner Bill Bratton, who looked pale and shaken at a hospital news conference.

The sudden and extraordinary violence stunned the city, prompted a response from a vacationing President Barack Obama and escalated weeks of simmering ill will between police and their critics following grand jury decisions not to indict officers in the deaths of Garner in New York and Michael Brown in Missouri. The New York police union head declared there’s “blood on the hands” of protesters and the city’s mayor.

Brinsley took off running after the shooting. Officers chased him down to a nearby subway station, where he shot himself in the head as a subway train door full of people closed. A silver handgun was recovered at the scene, Bratton said.

“This may be my final post,” Brinsley wrote in the post that included an image of a silver handgun.

The post had more than 200 likes but also had many others admonishing

his statements.

Bratton said the suspect made very serious “anti-police” statements online but did not get into specifics of the posts.

The Rev. Al Sharpton said Garner’s family has no connection to the suspect and denounced the violence.

“We have stressed at every rally and march that anyone engaged in any violence is an enemy to the pursuit of justice for Eric Garner and Michael Brown,” he said.

Brown’s family condemned the shooting in a statement posted online by their attorney.

“We reject any kind of violence directed toward members of law enforcement. It cannot be tolerated.

We must work together to bring peace to our communities,” the family said.

Garner, who was black, died after he was taken down by a white officer during an arrest on suspicion of selling loose cigarettes. The 18-yearold Brown, who was black, was fatally shot by a white officer. He was unarmed.

Most of the protests have been peaceful, particularly in New York.

Bratton said police were investigating whether Brinsley had attended any rallies or demonstrations and why he had chosen to kill the officers.

UNISIA’S Beji Caid Essebsi has claimed victory shortly after polls closed in the country’s first free presidential election.

His rival, caretaker President Moncef Marzouki, dismissed the claims however, saying “nothing is confirmed so far”.

Polls closed at 18:000 local time (17:00 GMT) but official results are yet to be released.

Tunisia was the first country to depose its leader in the Arab Spring and inspired other uprisings in the region.

Mr Essebsi appeared on local television on Sunday, saying, “I dedicate my victory to the martyrs of Tunisia”, he said.

“I thank Marzouki, and now we should work together without excluding anyone,” he added.

However, a spokesman for Mr Marzouki said the claims were “without foundation”.

Mr Essebsi, who represents the secular-leaning Nidaa Tounes party, won the first round of voting last month with 39% of the vote.

Voter turnout had reached 36.8% after four and a half hours of voting, Tunisia’s election authority said.

He is popular in the wealthy, coastal regions, and based his appeal to voters on stability and experience.

He has been interim president since 2011 and is more popular in the conservative, poorer south.

The party declared victory almost immediately after polls closed Sunday and celebrations began at the Tunis headquarters.

Marzouki’s campaign said the result was too close to call.

The election completes Tunisia’s transition to democracy after the 2011 overthrow of Zine El Abidine Ben Ali.

THE NATION MONDAY, DECEMBER 22, 2014

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FOREIGN NEWS

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THE NATION FRIDAY, JULY 25, 2014

SELF-STYLED Muslim cleric, Man Haron Monis, of Iranian descent opened what will become a week of gruesome and dastardly blood-letting around the globe last week, when he entered Lindt Chocolat Cafe in Sydney, Australia taking its patrons hostage. The man who was on bail as an accomplice in the death of his ex-wife and over 40 counts of sexual battery charges, will demand for black flags with inscriptions:, “There is no God but God and Mohammed is the prophet of God.” After 16 hours, commandos stormed the cafe, freeing the rest of the hostages, leaving three people dead including the gunman.

The following day, Tuesday in far away Pakistan, what was supposed to be a normal day for examination-writing young children in the Army Public School and Degree College, Peshawar, turned out to be one of the most cruel and unbelievable infliction of terror in Pakistan’s history. Seven members of the terror group, The Taliban in Pakistan, (TTP) wreaked the most gruesome murderous blood splatter on innocent children, mowing down the young ones with systematic and horrific, bestial lowliness. A school principal was shot and set on fire while the orgy of macabre and bloody rampage lasted. As at last count, 149 lives, mostly children were sent to their early graves. Many, still battling for dear lives.

As if to attenuate the world wide condemnations following the attack, the leadership of this terror group was quick to take responsibility for the attack but claimed to have targeted only the older students sparing the younger ones. This is a school with a population range of 12 to 16 years.

What a mindset of irredentist killers and haters of humanity who have no respect for lives.

That the seven loonies were killed during the attack was no consolation as they were bunch of losers who had no respect even for their own worthless lives.

Even, al-Qaeda, condemned the attack as “un-Islamic”, talking about the pot calling the kettle black The attack also brought into fore, the often accusations and counter accusations between Pakistan and Afghanistan over which they both trade accusations of cross border attacks about providing operational bases for militants.

It is therefore not surprising that Pakistan’s army chief General Raheel Sharif after meeting Afghanistan’s President Ashraf Ghani said the two countries should “work together in sincerity and jointly take effective actions against terrorism and extremism”. So much for fence-mending in the face of mutual enemy.

Global Focus DAYO FAKUADE, Foreign Editor sms 08134230367

daborgu@gmail.com

A shocking week of global terror, elections and detente Pakistan’s Sharif has vowed and resolved to pursue the militants to the last man. He has cancelled moratorium for militants standing trial over terrorism, a move seen as listening to the voices of his critics who have accused him of slapping the terrorists on the wrist and making them evading the criminal justice system.

In Nigeria, the bloody campaign of the militant group Boko Haram did not spare the people of Gumsuri, a village just north of Chibok, (Remember?) where the sect were said to have kidnapped 185, mostly women and children and killed 35 last week. The acclaimed leader of the group wasted no time to once again thump his face at the superiority and capability of his group’s military over that of the government of Nigeria.

The blood-letting resurfaced in Yemen while Libya, Mali, Democratic Republic of the Congo as well as Sudan remain theatres of human abattoir.

On another development, the European Union in the week under review, says the EU assembly “supports in principle recognition of Palestinian statehood and the two-state solution, and believes these should go hand in hand with the development of peace talks, which should be advanced” This is another little but significant step forward in the Palestinian long and tortuous often bloody for statehood recognition.

Also on Wednesday, Jordan presented a Palestinian-Arab resolution to the United Nations Security Council which expects a twostate solution to the Middle East problem within a “time frame” of November 2016.

France is also leading a bid among Europeans to draft a resolution with a less

definitive timetable before Israel’s March 17 election. A Western diplomat said the Europeans felt the United States was now open to that possibility.

As expected with the propositions, Israel’s Prime Minister Benjamin Netanyahu remains implacable, reminding US Secretary of State, John Kerry, while meeting in Rome, that he expects Washington to use her veto to block both moves. While saying he is not against a two-state solution, he (Netanyahu) is against Israel’s comprehensive withdrawal from the West Bank which he considers a security bulwark for Israel’s as well as the Jewish biblical birthright.

So, from Rome to New York the diplomatic yo-yo game continues.

Back to the Americas, a major and historic breakthrough was archived during the week with the thawing of relations between erstwhile adversaries to wit: United States of America and communist Cuba, the neighbour to the south. The relations had been frosty, ever since the Bay of Pigs invasion which pushed the world to its edge with a prospect of nuclear warfare between US and USSR as it was then.

The first and last time both leaders met was a handshake a year ago during late President Nelson Mandela’s burial in South Africa.

The new normalization of ties initiatives started as agreements on prisoners’ swaps.

American contractor, 65 year old Alan Gross, who was arrested and convicted in 2011 in Cuba and sentenced to 15years for trying to foment a “Cuban Spring”, was released on health and humanitarian ground in exchange with three Cubans jailed in Florida for spying.

Other prisoners will follow later. Washington will open embassy in Havana, while trade

relations, travel restrictions and sanctions will be relaxed and be normalized to help the dwindling fortunes of the poverty-stricken sugar cane communist Island.

For Vladimir Putin of Russia, it is this time of the year for his annual end of the year marathon speech. Last year’s was four hours in duration while disappointingly this year’s is a mere three- hour long speech. But what is “short” on duration is made up in strong antiWest rhetoric, given the biting realities of the present situation in the region: the Crimean-U, sanctions from EU, America, Canada and all.

With the nation’s currency, the Rouble rumbling in trouble, with oil prices falling and cascading in the international market; coupled with the biting consequences of the sanctions, Putin did not waste time in blaming the West, especially US, for trying to foster a regime change in Russia. He denied the victims in the Crimean conflict with Ukraine were regular men of the Russian forces rather they are volunteers.

Russians have been warned of hard times ahead and a Russia with her back to the wall will definitely not blink in applying whatever resources at her disposal to weather the stormy days ahead. Putin has already put a two-year minimum period of belt-tightening on his fellow countrymen. He has cancelled oil and gas deals with Germany and Ukraine as reprisal actions and generally hope to rebuff the West plan at putting Russia on her heels, come rain, come shine.

On a positive note, Tunisian, the North African nation which opened the torrents of the Arab Spring went to the polls yesterday in a landmark presidential run-off elections, first of its kind in a democratic dispensation since independence in 1956. The first election was inconclusive between 88 year old Beji Caid Essiebsi of the secular-leaning Nidaa Tounes Party, who scored 39% of the vote and the Interim Leader Moncef Marzouki.

The rematch promises to be interesting but the former is strongly favoured to win.

Also, postponed senatorial elections due to the Ebola outbreak took place yesterday to fill 15 seats in the Upper legislative chamber. Among the contestants are the son of the president Robert Sirleaf and former football star, Geoge Weah. We shall be commenting on the outcomes as they come.

As we conclude, our globe is our heritage.

Let’s continue to keep her clean in our everyday living. Go green, plant a tree in your neighbourhood and put a smile on a tight face, by doing an act of random kindness.

Remember that BRF Administration extols us:”Life is better with Trees”. Sit under it and read a story to your child and grandchildren, you will be better for it. See you next week

2014 frustrates U.S. hopes for Israeli-Palestinian peace

S

ECRETARY of State John Kerry is ending 2014 much in the same way he started it, frustrated in efforts to push Israel and Palestinians toward peace.

With a diplomatic showdown looming this past week over Arab plans to force Israel from occupied Palestinian lands within three years, Kerry prepared for a quick trip to Jordan in hopes of finding a calmer alternative.

By Thursday, the crisis appeared to have been averted when Palestinian and Jordanian officials said they would not push their resolution to an immediate vote in the U.N. Security Council, partly because the U.S. threatened a veto.

The fast-moving political drama was a small, if temporary, victory for America’s chief diplomat in his quest to end generations of fighting and tensions between Israelis and Palestinians. But it also showed how unlikely it is that Kerry can help restart peace talks soon, much less achieve the lasting truce he long has hoped to arrange.

“If people come together, work together, exert an effort to try to find the common ground here, I’m confident that the people of Israel are as interested in peace as are the people in Palestine, in the West Bank, in Jordan, and in the region,” Kerry said recently.

“But this is not the moment to opine on that process,” Kerry said.

Last January, Kerry was immersed

By Lara Jakes

in the latest round of peace talks that were set to expire in late April. He started the year on a plane to Jerusalem, where he was greeted by Palestinian protests, threats of new Israeli settlement construction and criticism from U.S. officials over how the Obama administration was handling the delicate negotiations.

Even as he urged both sides to resist tit-for-tat barbs, Kerry was lambasted by Israel’s defense minister as “obsessive” and “messianic” and accused of ignoring demands that Palestinian officials said had to be part of a final deal.

He pushed Israeli Prime Minister Benjamin Netanyahu to uphold a pledge to release Palestinian prisoners, but to no avail. He prodded Palestinian President Mahmoud Abbas to consider recognizing Israel as a Jewish state, but was soundly rejected.

In the end, disputes over territorial borders, security, refugees and the fate of Jerusalem could not be settled. The final breakdown was set into motion when Israel moved ahead with plans to build settlement units in an area of east Jerusalem that Palestinians consider their territory.

“And, poof, that was sort of the moment,” Kerry told a Senate Foreign Relations Committee hearing in early April, just weeks before a deadline for a framework plan toward a final peace deal.

‘Given the decades of U.S. failure to broker a final peace deal, expectations were high that Kerry would bring a new approach. Now, critics in the Mideast and Washington wonder why he bothered at all’ Soon afterward, Abbas agreed to form a unity government with Palestinian political rival Hamas, which Israel and the U.S. consider a terrorist organization. Israel angrily cut off the peace negotiations.

The Obama administration had warned that the aborted peace talks could lead to a new Palestinian uprising. By summer, violence began to spiral with the kidnapping and deaths of three Israeli teenagers, allegedly by Hamas. That was followed by a suspected revenge killing of 16-year-old Palestinian youth by Israeli extremists.

The stage was set for a 50-day war in the Gaza Strip, which Hamas controls. The fighting killed at least 2,100 Palestinians and 72 people from Israel.

At the height of the war in early August, when Kerry was traveling in India, he tried to arrange a ceasefire. He even called a middle-of-thenight news conference in New Delhi to announce that an agreement had been reached. That cease-fire fell apart in less than two

hours. Netanyahu gruffly advised Kerry “not to ever second-guess me again” on trying to force a truce.

Israel and Hamas agreed to an open-ended cease-fire largely brokered by Egypt later in August.

But tensions between Israel and Palestinians remained high, and spiked last month.

Violent demonstrations led Israel in November to restrict Muslim access to a holy site in Jerusalem that includes the alAqsa mosque, the third most sacred place in Islam, and the ancient Hebrew Temple Mount, the holiest place in Judaism. With the crackdown came a fresh round of deadly Palestinian attacks.

Neighboring Jordan, custodian of the Muslim holy sites in Jerusalem and just one of two Arab nations at peace with Israel, pulled its ambassador from Tel Aviv in protest.

But at the request of Palestinian leaders, Jordan last week sought a Security Council vote that

probably further frayed the kingdom’s relationship with Israel. The Arab proposal would have set a 2017 deadline for Israel to leave Palestinian territories.

Officials on Thursday said the vote would be delayed while diplomatic discussions continued.

That gives time for the potential of an alternative proposal to set the groundwork for peace talks to resume, as Kerry and U.N. Secretary-General Ban Ki-Moon have suggested for months.

Given the decades of U.S. failure to broker a final peace deal, expectations were high that Kerry would bring a new approach.

Now, critics in the Mideast and Washington wonder why he bothered at all.

Dennis Ross, a former U.S. diplomat and Mideast peace negotiator, said the “pretty sour atmosphere” between Israelis and Palestinians probably will prevent a final peace deal soon.

But giving up, he said, will only “guarantee that things will get worse.”

“If you say our only choice is to do nothing or solve the whole problem, inevitably you’ll do nothing,” Ross said. “And you’ll create a vacuum, and then the worst possible forces will fill the vacuum. But The notion that we’ll be able to solve everything at once is also not realistic.” .Courtesy of Associated Press

THE NATION MONDAY, DECEMBER 22, 2014

60

FOREIGN NEWS

THE NATION FRIDAY, JULY 25, 2014

U.S. transfers four more Gitmo detainees to Afghanistan

U.S. mulls putting NKorea on terrorism sponsor list

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RESIDENT Barack Obama says the United States is reviewing whether to put North Korea back on its list of state sponsors of terrorism as Washington decides how to respond to what he calls an “act of cybervandalism,” not one of war, against a movie company.

Sony Pictures Entertainment, which said it cancelled the theatrical release of “The Interview” after distributors refused to show it, pledged to find a way to get the film out. “How it’s going to be distributed, I don’t think anybody knows quite yet,” a Sony lawyer said. The comedy involves a plot to assassinate North Korea’s leader.

Obama is promising to respond “proportionately” to an attack that law enforcement blames on North Korea.

“We’re not going to be intimidated by some cyberhackers,” he said.

The president said the U.S. would examine the facts to determine whether North Korea should land back on the terrorism sponsors list.

“We’re going to review those through a process that’s already in place,” Obama told CNN’s “State of the Union” in an interview broadcast

Sunday. “I’ll wait to review what the findings are.”

While raising the possibility of a terrorism designation, Obama also asserted, “I don’t think it was an act of war. I think it was an act of cybervandalism that was very costly, very expensive. We take it very seriously.”

Obama’s description drew immediate scorn from two Republicans who are longtime critics of his foreign policy.

“It is a new form of warfare, and we have to counter with that form of warfare with a better form of warfare,” said Arizona Sen. John McCain.

Sen. Lindsey Graham of South Carolina called it “an act of terrorism” and favored reimposing sanctions and adding North Korea to the terrorism list. The U.S. needs to “make is so hard on the North Koreans that they don’t want to do this in the future.”

North Korea spent two decades on the list until the Bush administration removed it in 2008 during nuclear negotiations. Only Iran, Sudan, Syria and Cuba remain on the list, which triggers sanctions that limit U.S. aid, defense exports and certain financial transactions.

But adding North Korea back could be difficult. To meet the criteria, the State Department must determine that a country has repeatedly supported acts of international terrorism, a definition that traditionally has referred to violent, physical attacks rather than hacking.

•Obama

T

HE U.S. government continues to shrink its ranks of Guantanamo Bay detainees, announcing Saturday that four more have been repatriated — this time to Afghanistan.

The Defense Department identified them as Shawali Khan, Khi Ali Gul, Abdul Ghani and Mohammed Zahir.

The U.S. Air Force C-17 carrying them arrived in Afghanistan around 6 a.m.

Saturday (10 p.m. ET Friday), Pentagon spokesman Lt. Colonel Myles Caggins told CNN. An administration official told CNN the four detainees are not expected to face further detainment in Afghanistan.

In a statement, the U.S. Embassy in Kabul expressed

C

HINESE President Xi Jinping has urged Macau residents to respect the “one-China” policy during a visit to the former Portuguese colony.

Mr Xi was marking the 15th anniversary of the territory’s return to China.

Like neighbouring Hong Kong, Macau is a special autonomous region and has experienced protests by prodemocracy activists this year.

On Saturday, dozens of demonstrators marched in Macau’s historic centre, demanding “universal suffrage”.

Correspondents say the communist authorities in Beijing do not want Macau and Hong Kong to become hotbeds of dissent.

Protest organiser in Macau, Sulu Sou: ‘’Xi Jinping is feeling a sense of danger’’ “We must both adhere to the ‘one-China’ principle and respect the difference of the two systems,” Mr Xi said during his visit, where he was also present at the inauguration of Macau’s

appreciation to the Afghan government — which, since September, has been led by President Ashraf Ghani — “for helping to reintegrate these former detainees.”

“We have full confidence in the Afghan government’s ability to mitigate any threats these individuals may pose and to ensure that they are given humane treatment,” the embassy said.

The move was also made to further President Barack Obama’s goal of drawing down the number of those held at the U.S. naval base in southeastern Cuba, something that has been ongoing for years.

“This repatriation reflects the Defense Department’s continued commitment to closing the detention facility at Guantanamo in a responsible manner,” said Paul Lewis, the Pentagon’s special envoy for the closure of Guantanamo.

The departures of these four Afghan men means that, as of Saturday, 132 people are still detained at Guantanamo.

This is down significantly from the numbers soon after the September 11, 2001, terrorist attacks, when the

facility widely known as Gitmo was repurposed to hold detainees from the “war on terror.”

The administration of thenPresident George W. Bush claimed that, since Gitmo detainees weren’t held on American soil, they could be considered “enemy combatants” and be denied some legal protections. Almost all of the nearly 800 detainees were held without charges.

This legal limbo, as well as allegations of torture and other mistreatment, spurred criticism of Gitmo. Shortly after his 2009 inauguration, President Barack Obama signed an executive order to close the detention facility within a year.

One reason was because of strong opposition from lawmakers, many of them Republicans, who cited the risk of freeing men who had fought to kill Americans.

About 17% of the 620 Gitmo detainees released — most of them during Bush’s presidency — went on to engage in terrorist activities, a September semiannual report from the director of national intelligence found. Another 12% are

Xi Jinping defends ‘one-China’ idea

•Xi Jinping (right) is in Macau for the inauguration of Fernando Chui as chief executive

Chief Executive Fernando Chui.

“This is the only way leading to sound and steady progress,” Mr Xi added. “Otherwise a misguided approach from the beginning, just like putting one’s left foot into the right shoe, would lead us nowhere.”

Six months ago, demonstrators in Macau took to the streets to demand greater democracy. Mr Chui was the only nominee for the chief executive position, and was elected by a 400-person panel.

On Saturday, the protesters also gathered in Macao. “We want universal suffrage!” they chanted.

Some demonstrators also carried umbrellas - a symbol of protest movement in Hong Kong.

In his speech, Mr Xi also referred to Macau’s struggling economy.

Protesters chanted: “We want universal suffrage!”

It is the world’s biggest gambling centre, but has seen casino revenues fall about 20%

suspected of having engaged in terrorist or insurgent activities.

House Intelligence Committee Chairman Mike Rogers, R-Michigan, said this and other releases by Obama’s administration are dangerous, claiming many nations that receive former detainees aren’t up for the job and that these countries don’t stop them from rejoining the fight.

The American military’s future in Afghanistan had been uncertain, too, amid contentious talks involving former President Hamid Karzai. The countries signed a security agreement soon after Ashraf Ghani took office. While the U.S. military won’t participate in combat operations in Afghanistan, some U.S. troops will remain there into 2015 and beyond as part of the deal.

The U.S. Embassy in Kabul expressed hope that the latest transfer can mark “a step forward in strengthening relations between the two countries and can provide an opportunity for greater confidence among Afghans to engage in political dialogue to end the violence in their country. “ over the past year.

Mr Xi said the territory should reduce its dependence on one sector.

“It is important for Macau to adopt a global, nationwide, future-oriented and long-term perspective,” Mr Xi said.

“Focus on building a global tourism and leisure centre... promote the Macanese economy’s appropriate diversification and sustainable development.”

Macau’s gambling industry has been in decline for several years.

Analysts say the recent prodemocracy protests in Hong Kong - a short ferry ride away - may have led to further losses in revenue by preventing tourists from visiting.

Activists in Hong Kong wanted Beijing to allow fully free elections for the territory’s next leader in 2017. China says everyone can vote but a proBeijing committee will screen candidates.

The main pro-democracy protest camp was cleared earlier this month.

‘Cuba will stay on communist path’

C

UBAN President Raul Castro has hailed a recent US move to normalise bilateral relations but stressed Havana would not change its political system.

Mr Castro also warned Cuba faced a “long and difficult struggle” before the US removed its economic embargo.

He said he would attend next year’s Summit of Americas in Panama, where he could meet US President Barack Obama.

On Wednesday, Mr Obama announced a “new chapter” in US ties with the communist-run island.

The changes, he said, were the “most significant” in US policy towards Cuba in 50 years.

•Castro

US-Cuba relations have remained frozen since the early 1960s, when the US broke off diplomatic relations and imposed a trade embargo after Cuba’s revolution.

THE NATION MONDAY, DECEMBER 22, 2014

61

NEWS CHRISTMAS CELEBRATION

•Ogun State Governor Ibikunle Amosun (middle), his wife, Olufunso (on his right); Secretary to the State Government, Taiwo Adeoluwa (on the governor’s left); Head of Service, Mrs. Modupe Adekunle (second right) and state officials at a party organised for children at the Governor's Office, Oke-mosan, Abeokuta...yesterday.

How to improve corporate governance, by ACCA

T

HE Association of Chartered Certified Accountants (ACCA) and the Economic and Social Research Council (ESRC) have released a report to help boards assess and improve their corporate culture.

Named “Culture and Channelling Corporate Behaviour”, the report is based on a series of roundtable discussions and survey of ACCA members.

The findings assert that boards are critical in defining their company’s culture, which can help to avoid the sort of dysfunctional behaviour that causes accidents, destroys values and creates financial and reputational loss.

The report advises that when assessing their organisation’s culture, boards should ask themselves three fundamental questions, which are seen as basic to good corporate governance.

They are: What are the goals and purposes of the organisation? What sort of behaviours does it wish to encourage and discourage?

How is the tone at the top set out and conveyed through the organisation?

ACCA’s head of corporate governance and risk management Paul Moxey said: “An organisation can have the most sophisticated code of governance and rules, but as recent high profile scandals have shown, poor organisational culture has been a significant cause of corporate wrong doing.

“To design a system that

By Joseph Jibueze

works, we believe it is important to ask the right questions – especially what kind of culture do you want?”

The report lists a number of trade-offs that need to be balanced by the boardroom and by member of staff, such as “openness to mistakes, or zero tolerance.”

Seven points for consideration by the board are also listed, serving as a starting point for assessment and possible change.

They include: aligning and embeding core values at the very top; watching out for the trickle-down effect and dynamics in groups; tracking how decisions are made; and being honest about the value of regulation and codes Others are: being aware of unintended consequences attached to any incentives structure; finding out what motivates people, and anticipating trends.

ACCA’s researcher Pauline Schu said: “Assessing culture can be difficult because it calls upon a brand new set of skills and requires a multidisciplinary approach.

“We hope this report will help boards and others avoid some of the potential pitfalls and help them on their journey towards evaluating and improving the culture within their organisation.”

The report can be found on www.accaglobal.com/ culture.

•Babies and their mothersat the PreXmas Breastfeeding contest of the Abuja Babies and Mums Expo held at the University of Abuja Teaching Hospital, Gwagwalada, Abuja...yesterday

•Oyo State Governor Abiola Ajimobi (second right), his wife Florence; Deputy Governor Moses Alake (left) and General Overseer, The Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye at the Yearly Christmas Carol and Thanksgiving Service at Agodi Garden, Ibadan...yesterday.

CLARIFICATION ALL Progressives Congress (APC) Vice Presidential candidate Prof. Yemi Osinbajo didn’t teach Lagos lawyer Wahab Shittu at the Lagos State University as erroneously published on December 19. He taught the lawyer at the University of Lagos. The error is regretted.

•From left: Area Pastor, Dominion Sanctuary, The Redeemed Christian Church of God (RCCG), Pastor Afolabi Babalola; Special Adviser to the General Overseer and Pastor-in-Charge, Region 1, Pastor Johnson Funsho Odesola with his wife, Pastor Rachael Odesola; Pastor-in-Charge of Zone 5, Jonathan Kurchi and Parish Pastor Ayo Olabiyi at the night of Christmas Carol at the Dominion Sanctuary Parish, Lagos Province 1, Mushin, Lagos.

PHOTO: SOLOMON ADEOLA

THE NATION MONDAY, DECEMBER 22, 2014

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SPORT EXTRA

Garba hopes for a good AYC T

HE coach of Flying Eagles, Manu Garba has expressed confidence that his team will be successful at the 2015 Africa Youth Championship, Senegal 2015, even as his team is drawn in a tough group that has hosts Senegal, Cote d’Ivoire and Congo.

“Our group seems to be tougher than the other group which has Ghana, Mali, Zambia and South Africa, but I believe we will qualify to the semi-finals along with Cote d’Ivoire,” said Manu.

“But this is not to say that all the eight teams are not good enough to win the competition and so we will expect no favours from any of them.

“There will be no easy groups or matches. We therefore have to prepare very well and be motivated to achieve our targets.”

The Flying Eagles class of 2015 are built around the country’s U17 team who won the FIFA U17 World Cup last year in the United Arab Emirates.

Last year, they suffered defeats at the hands of African U17 champions Cote d’Ivoire at the U17 championship in Morocco.

However, Manu has insisted they will not be seeking revenge when both teams clash again in Senegal.

“We are not driven to avenge the loss in Morocco because this will be a different competition and we will have two different teams from the ones from last year,” he argued.

“We respect Cote d’Ivoire because they have a great footballing culture, but we hope to beat any team we come up against.”

The African Youth Championship will be played between

March 8 and 22.

The Flying Eagles have won a record six AYC titles with their last triumph being in 2011. They finished third last year in Alge-

ria.

The semi-finalists will qualify to represent Africa at the FIFA U-20 World Cup in New Zealand.

Aneke secures win for Zulte

Z

ULTE-WAREGEM moved up to the 10th position on the Jupiler League table in Belgium with a 1-0 win over Mouscron Peruwels courtesy of a goal from AngloNigerian Chuks Aneke.

Aneke scored the game's tie breaker in the 39th minute to make it two goals in his last four games, after scoring in the 2-1 Belgian Cup win over Lierse.

Overall, that was his second goal in the League from 18 games since joining on a free transfer from English Premiership side Arsenal in the summer.

Despite being eligible for Eng-

land, reports has it that he is among the recent crop of players who have switched allegiance to Nigeria in the past six months.

A graduate of Arsenal Hale End academy and nicknamed Arsenal's Yaya Toure during his budding days, Aneke found few opportunities at Arsenal, a club he joined at the age of seven despite five different loan spells.

Last season was his most productive stint on loan, as he scored 14 times for League one side, Crewe Alexandria, but Arsenal didn't offer him a new deal hence his move away after the expiration of his deal.

• Chukwu

Chukwu wants NPFL as centre-piece

F

ORMER Nigeria head coach, Christian Chukwu believes over reliance on overseas-based talent has negatively affected the country’s football fortunes in recent years.

Nigeria’s senior national team, the Super Eagles failed to qualify for the 2015 Africa Cup of Nations despite emerging champions at the biennial soccer showpiece in 2013.

Chukwu acknowledged that it was important to get the “the right balance of” overseas-based and home-based talents in the national team.

“We no longer pay attention to our local league as we used to in the past. The foreignbased players are important but the foundation, which is our league, must not be

ignored,” Chukwu told supersport.com.

Chukwu, who led Nigeria to a third placed finish at the 2004 Africa Cup of Nations in Tunisia, however, reckons that “things will get better if we return to the basics.”

“As African champions, we are supposed to be in Equatorial Guinea next year to defend our trophy but I am sure things will get better if we return to the basics.

“In the past, we had very good players come through the local league. There are so many good players in the country but they are not given the opportunity to develop,” he said.

Chukwu, an Enugu Rangers legend, captained Nigeria to their first Africa Cup of Nations success in 1980.

Zenke earns Turkish club a draw

N

IGERIA striker Simon Zenke was the hero of his Turkish division two team Sanliurfaspor as he scored in their 1-1 home draw with Giresunspor.

Sanliurfaspor are fourth on the league table with 23 points from 14 games, while Giresunspor are 10th with 17 points from 14 games.

The former Nigeria youth international opened the scoring in the sixth minute to give the

hosts the lead, but they surrendered the lead in the 48th minute, when Alican Karadag drew level.

Zenke has scored two goals this season.

Giresunspor paraded another Nigeria star, Solomon David Abwo.

Zenke, who joined Sanliurfaspor in February 2014 from Istanbul BB, has played for Samsunspor(Turkey), Nancy and Strasbourg(both in France).

Abesan Mini Nations Cup draws hold Wednesday

D

RAWS for the Abesan Mini Nations Cup will take place on Wednesday at Booms Place, Abesan Estate, Ipaja, Lagos.

Coordinator of the competition, Tayo Adeyemo said that 16 teams would compete for honours in the tournament. He stated that the 16 teams would be divided into four groups of four teams each.

According to him, the finalists will receive prize money, boots and balls. Adeyemo noted that teams were expected to bear names of African countries that would take part in next month’s African Cup of Nations

billed for Equatorial Guinea.

Some of the teams expected to participate are Prostars, Future Heroes, Adonai, Owobabes, Diamond, Mighty Jets, Peace, Sheriff, Rozie among others.

Meanwhile, Patron of the Abesan Football and Chief Executive Officer (CEO) of Mastersport, Ejiro Omonode has donated match balls, jersies and boots in support of the tournament. Another patron, Mayowa Kole of Tasty Time has also donated 200 cartons of table water, while CWAYS nutrimilk is the official drink.

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THE NATION MONDAY, DECEMBER 22, 2014

SPOR EXTRA

OTHER SPORTS...OTHER SPORTS...OTHER SPORTS...OTHER SPORTS...OTHER SPORTS...OTHER SPORTS...OTHER SPORTS...OTHER SPORTS...

Teenage Commonwealth medalists rule at Lagos Taekwondo Opens

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IGERIA’S latest taekwondo revelations, Abubakar Isah Adamu and Shola Olowookere, repeated their Commonwealth feat by bagging gold medals at the just concluded Lagos Opens, held at Rowe Park, Lagos.

The tournament, organised by the Lagos State Taekwondo Association and sanctioned by the Nigeria Taekwondo Federation, attracted a total of 195 fighters from across Nigeria, and had in attendance most members of the historic Taekwondo national team to the 2014 Commonwealth Taekwondo Championships, where Nigerian taekwondo got their biggest medal haul since the 1987 All African Games.

It can be recalled that Adamu and Olowookere, who are both 17-year-olds, won the first gold medals in the Kyreougi [fighting] during the Commonwealth Taekwondo Championships, and have been touted by taekwondo pundits as the future of Nigerian taekwondo.

Sunday Onofe, who narrowly missed out on a medal in Edinburgh, won the gold medal in the -87kg Middleweight division, and Chiamaka Onumonu, who also narrowly missed out on a medal in Eddinburgh, defeated her fellow bronze medal-winning Commonwealth teammate, Uzoamaka Otuadinma, in a

keenly contested final of the +67kg Olympic weight division. Judith Ehis, who also missed out on a Commonwealth medal, blazed through all opposition to clinch the gold in the consolidated 67kg Olympic weight division.

Captain of the Commonwealth Taekwondo team, Chika Chukwumerije came as coach of his young Team Chika Chukwumerije Sports Foundation (CCSF), guiding his three athletes to two medals – one gold and one silver.

Commenting on the overall performance of his team mates at the Lagos Opens, Chukwumerije noted, “the obvious gap in tactical knowledge between his team mates and the rest of their opponents, and the sheer amount of self-confidence exhibited en route to their respective victories.”

While congratulating his team mates, he noted that the tournament provided ample opportunity for the national technical crew to look at prospective new entrants to the national team”.

The 2008 Beijing Olympics bronze medallist also expressed delight at the progress of Adamu and Olowookere, noting that their recent form was very good for Nigerian taekwondo, as 2015 was a very important year.

He encouraged companies to support them by sponsoring their training development programmes, and giving them sporting scholarships.

Curtain falls on Benin Chess Tournament From , Osemwengie Ben Ogbemudia, Benin

T

HE second edition of the Benin Chess Tournament otherwise called “Oba’s Cup” ended at the indoor sports hall of the Samuel Ogbemudia Stadium over the weekend with the coordinator, Princess Omoyemwen AdeyinkaAfolabi promising that next year’s competition will be a lot better.

An elated Omoyemwen Afolabi did not mince words in explaining that this year’s tournament was better organised than that of last year.

“The tension and unnecessary challenges which accompanied the maiden

tournament were not really there. I give glory to God for making it possible for me to organise the tournament successfully.

She expressed gratitude to the Oba of Benin, Omo N’ Oba N’ Edo Uku Akpokpolo Oba Erediauwa (CFR) for his fatherly blessings and magnanimity which made the tournament a huge success.

The co-ordinator also thanked 7Up Bottling Company for its sponsorship, the Edo State Sports Council, the Ministry of Youth and Sports and others for their immense support.

Prizes were distributed to Osadebe Michael for winning the gold medal, Odianosen Ehikioya who got silver and Uwadiae Osazee for clinching the bronze in the Under – 14 category.

i l A d a m m a h Mu

d e s i l a t i hotshppneumonia i wi

F

ORMER three-time heavyweight champion Muhammad Ali has been taken to hospital with a mild case of pneumonia but is understood to be in a stable condition.

Ali, who is battling Parkinson's disease, is being treated by his team of doctors and is in stable condition, said his spokesman, Bob Gunnell.

'He went into the hospital this morning (Saturday),' Gunnell said.

'Because the pneumonia was caught early, his prognosis is good with a short hospital stay expected.'

Gunnell declined to say where the 72-year-old Ali is in hospital. No other details are being released due to the Ali family's request for privacy, he said.

Ali appeared in public in September to attend a ceremony in his hometown of Louisville for the

Muhammad Ali Humanitarian Awards. He did not speak.

Ali retired from boxing in 1981 and devoted himself to social causes. He travelled the world on humanitarian missions, mingling with the masses and rubbing elbows with world leaders. Ali received the Presidential Medal of

Freedom from President George W. Bush in 2005.

The Muhammad Ali Center, in Louisville, is dedicated to Ali's humanitarian causes and also showcases his boxing career.

Ali and his wife, Lonnie, have homes in Paradise Valley, Arizona; Berrien Springs, Michigan; and in

This season is important to HotSports - Ige A

HEAD of the 5th annual HotSports Carol of Nine Lessons taking place this Wednesday in Lagos, Managing Director of HotSports Nigeria Limited, Taye Ige, has said that his company recognises the magical effect of this

period in touching lives, extending goodwill and love to mankind.

This, he explained, informed the creation of a platform for people including members of Nigeria’s sports community, the company’s primary constituency;

NTTF, Oyo SWAN name Quadri Athlete of the Year

By Olalekan Okusan

F

OR his extra-ordinary performance this year, the Nigeria Table Tennis Federation (NTTF) and the Oyo State chapter of the Sports Writers’ Association of Nigeria (SWAN) have named current African champion, Aruna Quadri as the Athlete of the Year.

At a colourful award ceremony

held at D’Rovans Hotel in Ibadan, Oyo SWAN’s decision to choose Quadri

was prompted by the giant stride made by the 26-yearold both at local and international tournaments.

Starting the year in the top 300 in the world, Quadri leaped to top 30 with his exceptional performance at the International Table Tennis Federation (ITTF) World Tours, Commonwealth Games, World Championships and World Cup. Starting 2014 with appearances at the Kuwait and Qatar Opens where he could not move beyond the first round, Quadri made his presence felt at the Spanish Open in Almeria where he caused upsets to make it to the round of 16. At the Czech Open, he defied all odds to make it to the quarterfinal stage.

Louisville.

'Muhammad is doing fine at this point. His speaking style is lower in tone, and as the day goes on, he doesn't speak as well as he does in the morning. But Muhammad's a strong person for his age and for the disease he has,' Gunnell told the Louisville-CourierJournal in October.

At home in Lagos, he played up to the last four of the Lagos World Tour where he was defeated by eventual champion, Egypt’s Omar Assar, but during the Africa Top 16 Cup, which was the qualifiers for the World Cup, Quadri played his best to emerge as champion and also picked the sole ticket to represent Africa at the World Cup. This performance earned him a leap to the top 73 in the world. But a few weeks after the Lagos triumph he was beaten in the round of 32 at the Belgian Open.

In October, he attracted global attention when he stunned some of the world’s best to become the first African and black player to make it to the quarterfinal stage of the ITTF World Cup held in Dusseldorf, Germany.

This outing in Germany

fetched him the best ranking for an African player as he leaped to top 30 in the world.

This has also made him the first non-Asian and European to be nominated in two categories of the second ITTF Star Awards.

Also at the grand finale of the maiden NTTF President’s Cup held at the Molade OkoyaThomas Hall of Teslim Balogun Stadium, Quadri was also named the Senior Player of the Year, while ageing Funke Oshonaike won the female award.

Olasunkami Oginni and Ajoke Ojomu won the Junior Player of the Year, while Abayomi Animashaun and Muyibat Bello claimed the Cadet of the Year award.

The Coach of the Year went to Olawale Ajetunmobi of the Nigeria Security and Civil Defence Corps (NSCDC), while Opeoluwa Osoba is the Match Official of the Year.

sports media personalities and many top flight professionals to reflect on this and also offer service of songs and exhortations to God who first showered mankind with love.

5th in the series, the event is organised by HotSports Nigeria Limited, Nigeria’s foremost sports media marketing and production company and holds every Christmas eve at the poolside pavilion located at 4, Femi Deru Close, Opebi, Lagos.

“The programme provides a platform to reflect on the reason behind the celebration, which when understood, will make this period more interesting and exciting,” Ige said.

He hinted that a number of interesting side attractions have been introduced to this year’s edition of the programme including solo performances, rendition of carol numbers in different Nigerian languages, rendition of specific carol numbers by families and guest appearance by a gospel musician, Segun Oluwayomi, aka Arugbo Ojo. He urged Nigerians to form the habit of offering praises to the Lord.

ADVERT HOTLINES 08023006969, 08098328401 sportinglifead@yahoo.com

TODAY IN THE NATION

MONDAY, DECEMBER 22, 2014 TRUTH IN DEFENCE OF FREEDOM

VOL 9 NO 3,072

‘Something urgent must be done to reduce the high level of corruption that characterizes electioneering campaigns on these shores. It is for the same reason that the various tendencies in the country...’

COMMENT & DEB ATE EBA

“Money failed in the land...” Genesis 47:15

SAM OMATSEYE

IN TOUCH

W

HEN it ended, the Goodluck Jonathan presidential campaign train hooted into the night with over N21billion. It was an obscene night.

Billions topped billions. Sycophant outdueled sycophant. They all wanted to impress the boss, President Jonathan. They were good boys and girls. Loyal. They had kept the faith. They abounded with filthy lucre and they were not selfish. They loved their leader. They cherished their president.

So they donated and donated and donated.

Who were these donors? Not the ordinary folk, but those whom the Economic and Financial Crimes Commission (EFCC) in holier times, would have asked a few questions. But not these guys. It did not matter that these billions were strutting out in the shadow of Christmas. Many Nigerians are wondering, in their beggary, how they could afford the small derika of rice and an arm or breast of chicken. They wonder whether parents and children would say, Merry Christmas, with a burp of joy.

Or their empty stomachs would howl in protest by zero hour of Christmas night.

But don’t ask the friends of Jonathan who set the evening afire with a donation of N3 billion. How did the man from Otuoke, who had no shoes, suddenly have friends, who could donate N3billion? Who made them rich and how? These must be very good friends who did not know money until their friend sat over the pot of gold.

You must know the socialite Bola Shagaya, the woman who knows how to schmooze every first lady in town. It does not matter whether it was the raspytongued Turai or the na only you waka come Dame. She stood for the oil and gas industry that zipped out N5billion. That industry had to be kind to Jonathan. We know how they have become peacocks of subsidy, buying jets and palaces around the world. They are also grateful that life is good even when the oil price has plummeted to about $60 per barrel and the Naira tumbled to 190 to a dollar. After all, if it is good for them, it is good for all. It is the same country where they complain of oil theft in a huge scale. The gas industry does not worry the president even if it flares our billions away in the Niger Delta.

Transport and aviation gave N1billion, humbler than the oil and gas kings. They were celebrating the great contribution of the President to the sector. Its rickety trains that took The Punch reporter four days to travel North and back; an almost non-existent maritime transport except for canoes that capsize routinely across the country;

RIPPLES

intouchnation@gmail.com 08054501081(sms only) Twitter: @samomatseye

•Winner, Informed Commentary (DAME)

Donor’s paradise

‘

•Dr. Jonathan

or the aviation industry that sullied the air with one of his great scandals that cost him one of his jewels as minister. Or is it the SURE-P buses that few see around the country?

The construction industry donated N310million. This is modest, if you ask me.

But what construction have we seen in this country in the past six years of Uncle Jonathan’s reign? Is it houses? No. Is it roads? Of course, no one can vouch for that.

His best friends are from the East, and he promised them Second Niger Bridge, and fibbed in public that he had gone far with dredging. He has not even corrected the first bridge. The roads are in bad shape, and he is doing token work on Lagos-Ibadan Expressway after endless cries and condemnations. Well, we can say he reconstructed

’

some airports. But its roof has started to leak. The extension in Lagos looks good. It leaked during the last rainy season. We hope they will be fixed before the next.

Real estate donation baffles me a little.

What real estate are they celebrating in Jonathan’s tenure that they donated N4 billion to his campaign? The poor cannot boast of new homes. In Lagos, the governor of example, Babatunde Raji Fashola, SAN, has constructed several. Maybe he can take a cue. Is it the palaces that his friends have all over the country and the world that they are celebrating? It must be that. Four billion can save many millions from poor shelter if the money is redirected from the Jonathan campaign to the poor. Jonathan can at least remember the poor as he once

HARDBALL

JONATHAN IS LIKE JESUS, says Okupe

I

Who told you? JESUS never ABANDONED HIS PEOPLE...HE would have gone to CHIBOK

How did the man from Otuoke, who had no shoes, suddenly have friends, who could donate N3billion?

Who made them rich and how? These must be very good friends who did not know money until their friend sat over the pot of gold

F you think that by the above title, Hardball has rolled out a new blockbuster novel, well, you must have to wait a bit longer. This is not the book yet, though it might sound like it. This is about the recent ‘insurgence’ of our matriarch and number one woman in the land - Dame Patience and wife of President Goodluck Jonathan. She is also known as Mama Peace.

Last weekend, Mama was in her native land; her ancestry in Okrika, in Rivers State. She was attending the funeral of the late Senator Tari Sekibo in her homeland and in this season of undiluted politicking, she is not one to throw away a great opportunity to play in the field and score great political goals. In fact, if Nigeria’s politics today can be likened to football, Mama would be indisputably, Lionel Messi.

To buttress our point, Mama gathered members of the Council of Okrika Chiefs and addressing them, she said pointedly: “Before you today, is the next governor of Rivers State. He is the former Minister of State for Education, Barrister Nyesom Wike...”

Those are not limp, ordinary words of a mother; no, that was a ‘patriarch’ addressing the chiefs of the land, issuing directives and

The Patience patrimony handing down imposition.

Igboland and indeed, most part of Nigeria is patrimonial, meaning that a woman does not assume the stool of the land and in most cases, does not partake in inheritance, especially where there are male children.

But from the unfolding Okrika milieu, Mama Patience has assumed the role of the patriarch of that great, ancient land. The only thing she has not done is to climb the stool.

Though there may be other factors, it could be said that the chief cause of the tiff between Governor Rotimi Amaechi of Rivers State and the first family is the issue of the proposed redevelopment of the Okrika waterfront by Amaechi.

Recall that at the inauguration of that major urban renewal project about two years ago, the First Lady and the Governor almost had a punch up in public. Mama was said to have virtually snatched the microphone

EMEKA OMEIHE

was without shoes and bag to go to school.

I am sure Dr. Adeshina, the agriculture minister, who is swanky with bow tie and vaporous rhetoric, would have swooned in his seat when his industry donated N500 million. The man lies that we have reduced rice import by 60 per cent. The statistical illusionist should gauge the frenzy with which the poor pine for Christmas rice. His well-stocked table must blind him to the arid misery of the poor man’s kitchen.

One of the most darkly funny donations came from the power industry. The announcer thanked the president for privatising the PHCN. They donated N500 million. These are the DISCOs and GENCOs, who have complained that they did not have money but have fattened on several billion Naira of support from the Federal Government. They were laughing at the consumers who complained that there is no power but their bills keep soaring. They must have laughed at the protests in the streets of Edo and Oyo states recently, and the loud grumblings of discontent everywhere. The privatisation was a typical Nigerian killand-divide phenomenon. This column is written on generator. This is the president who told TELL before 2011 that they would “dash” him their generators. Many Nigerians would want Jonathan’s generator right now.

The auto industry donated N450million, and I ask, for what? What has Jonathan done for the commuter? Cars are more expensive today than ever. He says he is working to bring plants to Nigeria. But the cars are more expensive than the imports if the duties were not hiked to “protect” the locals.

I won’t comment on the comedy of Jerry Gana and his friends, who donated N5 billion, or the N1.05 billion from Peoples Democratic Party (PDP) governors.

Two things also should bother everyone.

One, were these donations all from the private coffers or disguises over public funds?

Is this public wealth or private wealth? In Nigeria, the distinction is foggy. Two, given the poverty in the country, did the Jonathan administration not rue the hard times, that it is obscene to announce such huge sums on network television. Is it not insensitive?

They even opened two websites to seek donations. They flaunt money when the economy is choking the average citizen. The people saw this and they are taking note that the man wants their votes. They should beware that the fundraiser with its fancy clothes and glitzy setting does not haunt them like Nobel laureate Harold Pinter’s play, The Birthday Party, where a jolly day eventually becomes a regret. It may be the donor’s paradise but the people’s nightmare.

•Hardball is not the opinion of the columnist featured above from the governor and went on to rebuke him publicly for attempting to displace his people in the guise of urban renewal. The governor on the other hand had reportedly stormed off the scene to avoid further breaches of protocol and public order.

However, Governor Amaechi is known to have gone on with what was a key government initiative and what has turned out today to be one of the signal projects of the administration. They say there is no anger like that of a woman whose pride is injured.

If such a woman happens to be a very powerful woman and indeed, the number one woman in the land who has the ears of the commander-in-chief, then one might as well rouse an earthquake.

Since then, Mama Peace has not forgotten or forgiven and Rivers State has known no peace. Some of the offshoot is that the state’s legislature has been rested sine die and the judiciary caught in the crossfire and made comatose. The epic battle is ahead: who occupies Government House next year? Mama the Okrika Patriarch has broken all bounds to publicly endorse her candidate, Wike.

Governor Amaechi backs APC man, Dakuku Peterside. Who will rescue the state?

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Editor Daily:08099365644, Marketing: 01-8155547 . Abuja Office: Plot 5, Nanka Close AMAC Commercial Complex, Wuse Zone 3, Abuja. Tel: 07028105302. Port Harcourt Office: 12/14, Njemanze Street, Mile 1, Diobu, PH. 08023595790 WEBSITE: www.thenationonlineng.net E-mail: info@thenationonlineng.net ISSN: 115-5302 Editor: GBENGA OMOTOSO