Issuu on Google+

Inflation rate drops to 7.7% in February ECA rises to $3.45bn after massive depletion of fiscal buffers TOLA AKINMUTIMI ABUJA

Alade

Vol. 4 N0. 809

I

nflation rate dropped to 7.7 per cent in February, down from the eight per cent recorded in the preceding month as food prices re-

mained relatively stable. The National Bureau of Statistics, NBS, said yesterday in Abuja that the modCONTINUED ON PAGE 6>>

THE

BUSINESS SECTION

NIMASA partners agencies to fight maritime crimes Group calls on FG to recapitalise NITEL, Mtell P.A5

Free ree iinside nsiide nsid de

Monday, March 17, 2014

N150

Tight security as T national confab begins

ISE-OLUWA IGE, SOLA ADEBAYO, OMEIZA AJAYI, WOLE ADEDEJI AND WOLE OLADIMEJI

Only accredited persons to be allowed into venue Abuja court wants government to justify legality

here was heavy deployment of security operatives yesterday to the National Judicial Institute, NJI, Abuja, the venue of the national conference, which is to be declared open today by President Goodluck Jonathan. The inauguration of the conference was slated for CONTINUED ON PAGE 5>>

ONDO PDP LEADERS MEET P.55

Chukwu

Sperm donation now a booming business 窶的nvestigation

P.4

L-R: Group Managing Director, Energy Group, Dr. Jimoh Ibrahim OFR; a chieftain of the Peoples Democratic Party, Prof. Olu Agbi; Ondo State Chairman, Ebenezer Alabi and another party leader, Dr. Tayo Dairo, after a meeting on the way forward in Akure, yesterday.

ADVERT HOTLINES

For advert bookings and information, please contact: LAGOS 01-8446073, 08113947415 08113947419 08113947420 08113947422 ABUJA 08113947421 PORT HARCOURT 08113947418 OGBESE 08113947424

Outrage trails death of Immigration job seekers FG shocked, mulls cancellation of recruitment

'Why PDP demands forensic audit of CBN account' P.55

Fire guts Lagos Elephant Cement Building, pipeline

P.5 P.9


2

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

HURRAY AT THE MAKING OF HISTORY

Dr. Nkem Okeke

Dr. Willie Obiano

Deputy Governor, Anambra State

Executive Governor, Anambra State

We the Chairmen of the Local Government Councils in Anambra South Senatorial Zone, on behalf of all party faithful, the staff of the Local Government Councils and the people of the Senatorial Zone, congratulate Dr. Willie Obiano (Akpokue Dike), and Dr. Nkem Okeke (Ugogbuzue) on the occasion of your swearing-in ceremony as the Executive Governor and Deputy Governor of Anambra State respectively. It is an epic occasion and the dream of many. We share the joy of your victory at the polls and pledge our total and unalloyed support to the continued development of our State. Signed: Hon. Umeoji Chuma Chairman, Aguata L.G.A

Hon. Jude Mbaegbu Chairman, Ekwusigo L.G.A

Hon. Bath Chigozie Awugosi Chairman, Ihiala L.G.A

Hon. Iyiegbo Ossy Chairman, Nnewi South L.G.A

Hon. Okey Enekwe Chairman, Orumba North L.G.A

Hon. Barr. Onyeakpa John Chairman, Orumba South L.G.A


National Mirror www.nationalmirroronline.net

Mon day, March 17, 2014

3


4

Photo News

Monday, March 17, 2014

L-R: Wife of Abia State Governor, Lady Mercy Orji; Governor Theodore Orji, former Chief of Army Staff, Lt. Gen. Azubike Ihejirika (rtd) and his wife, Gift, during a grand civic reception in honour of Ihejirika in Umuahia at the weekend.

L-R: Principal, Stella Maris College, Port Harcourt, Rev. Fr. Anthony Baakel; Director of Sports, Rivers Sports Council, Mr. Daobu Harry and Director, Catholic Diocesan Education Board, Port Harcourt, Rev. Fr. Joseph Kabari, at the 30th inter-house sports competition of Stella Maris PHOTO: NAN College in Port Harcourt on Saturday.

National Mirror www.nationalmirroronline.net

L-R: Group Managing Director, Arco Petrochemical Engineering Co. Plc, Mr. Alfred Okoigun; former Super Eagles player, Taribo West; Edo State Commissioner for Environment, Mr. Clem Agba and former Super Eagles Captain, Austin Jay Jay Okocha, during the celebration of the arrival of Arco fast crew boat in Lagos on Saturday.

L-R: Executive Chairman, Economic and Financial Crimes Commission, Mr. Ibrahim Lamorde and Chairman of the Governing Board, Niger Delta Development Commission, Sen. Bassey Ewa-Henshaw, during the board’s management retreat at Uyo in Akwa Ibom State.

National News

Sperm donation now a booming business –Investigation FRANKA OSAKWE

A

s mass unemployment and harsh economy continued to ravage the country's youths, young virile Nigerian men have now turned to the new lucrative business of sperm donation to make quick money. Investigation by National Mirror reveals that many young Nigerian men are now smiling to the banks simply by donating their sperm to In Vitro Fertilisation, IVF, centres in Lagos and other major cities across the country. According to investigation, a donor realised as much as N325, 000 per month to assist couples who are desperately in need of children. Investigation revealed that a prospective donor walks into an IVF centre where he is screened and if found suitable for the purpose he is made to donate. The source added that depending on the bargain, a donor may get between

N10,000 and N25,000 per visit until he is able to fill 13 vials which could fetch him between N130,000 to N325,000 in a process that is said to be painless. A visit to two of the IVF centres, the Bridge Clinic and the Medical Assisted Reproduction Technology, MART, clinic in Lagos revealed that sperm donors are paid different rates, depending on their qualifications and other considerations such as profession, physical features, and family background among others. “You cannot expect someone that attended Harvard to be paid the same amount as the person that attended a Nigerian university or even an undergraduate,” Prof. Oladapo Ashiru, Medical Director of MART Clinic told National Mirror. A human embryologist at Bridge Clinic, Dayo Yussuf told National Mirror that donors’ sperm are used exclusively for couples where the man’s ejaculation contains no sperm. “Here at Bridge Clinic

we have a Sperm Bank. A Sperm Bank is a place where sperms donated by people are kept. The sperms people donate are exclusively used for couples where the man does not have any sperm after ejaculation. If after ejaculation, we find out that the man does not have any viable sperm, we will go ahead and carry out a surgical sperm collection and if we find out there is still no sperm, then we advice the couple to go for donated sperm. “Some men have obstructive azoospermia while others have non obstructive azoospermia. Now in obstructive azoospermia, the testicles are producing sperm, but there is an obstruction along the reproductive tract. In that case, if we go into the testicles surgically and look through the cells there, we will be able to find spermatozoa. But some men have non obstructive azoospermia. This means that there is no production of spermatozoa at all. These

types of men will ejaculate semen during sexual intercourse, but there will be no spermatozoa in it. So the solution is for sperm donation” On the criteria for being a donor, Dayo explains: “We have to do a viral screening first, we prefer men between the ages of 16 and 45, and it’s an anonymous process, very anonymous. We interview them, know why they want to donate, their genotype and medical history. After screening and collection of the sperm, we do not use it immediately until after six months as the donor has to come back for a retest to be sure that he is completely free from infection that might have incubated. If he is okay, he can now become a donor”. “Before now, we go to universities and talk to young men about it, but now we recruit donors through people that have donated before.” The procedure was also confirmed by Professor Ashiru who told National

Mirror that the token amount given to donors entitles them to an anonymous donation and the right to give up paternity right. This means that the donor agrees to give up his sperm without bothering to know the couples he has donated it to. However, Nigeria currently does not have any law regulating sperm donation. With the current practice, an individual donor could father as many as 500 children and the possibility of accidental consanguineous marriages could not be ruled out. . Reproductive laws for sperm donation as documented by an online encyclopedia differed between countries, but there are laid down laws regarding donor payment, number of children to be father with each donor’ sperm, donor anonymity, and allowed recipients. For instance, sperm donors in Australia, Belgium, Canada, France, Hong Kong, New Zealand, Norway and Spain have

no stipulated payment for donation, unlike Denmark were 200-500DKK is the legal amount for sperm donation. In Sweden it’s 300 SEK and 35 Pounds in United Kingdom to cover expenses. In other places such as U.S, donors are classified under paid and unpaid donors with certain rights or limits, undisclosed paternity terms and disclosed terms are stipulated. Number of children the donor could father varies between three to 25 depending on places; however, a recent European newspaper publication gave the story of Chris Whitman who fathered 36 children through sperm donation. In his youth, Chris Whitman often sold his sperm to a fertility clinic because he needed the money. Two years later, he decided to check the records and was astounded to discover how many babies he had fathered, 20 girls and 14 boys more like three football teams.


National Mirror www.nationalmirroronline.net

News

Monday, March 17, 2014

5

Outrage trails death of Immigration job seekers OBIORA IFOH, OMEIZA AJAYI, SEKINAH LAWAL, DENNIS AGBO, SEBASTINE EBHUOMHAN, AZA MSUE, MARCUS FATUNMOLE AND DENNIS NAKU

O

utrage yesterday trailed the death of scores of Nigerian jobseekers on Saturday at the Nigerian Immigration Service, NIS, test centres across the country. The All Progressives

Congress, APC, the Accord Party, AP, the Conference of Nigerian Political Parties, CNPP and former Governor of Edo State, Chief John Odigie-Oyegun, lambasted the Federal Government over the incidents and called for the resignation of the Interior Minister, Comrade Abba Moro. APC, in two separate statements issued yesterday in Lagos by its Interim National Publicity Secretary, Alhaji Lai Mohammed, and in Port Harcourt by the Rivers State chairman of the

party called on the minister to accept responsibility for the deaths and resign immediately. It said that the overall responsibility was that of President Goodluck Jonathan and commiserated with the families of the victims and wished those who were injured a speedy recovery. “Despite huge yearly budgets rolled out since 1999, the PDP-led Federal Government has failed to create jobs for our teeming youth, and the number of

those who are jobless has now reached such an alarming rate that a job emergency may have to be declared to avert an impending cataclysm. “Massive mindless looting of the public treasury has seen funds that could have been used to create millions of jobs end up in the deep pockets of corrupt government and PDP officials, without any consequence for the thieves, while the incompetent Federal Government led by a clueless President continues

L-R: Principal, Imaguero Junior Secondary School, Benin, Mrs. Omoigberale; Group Managing Director, First Bank of Nigeria, Mr. Bisi Onasanya; Principal, Imaguero Senior Secondary School, Mrs. Omoregbokhai and Executive Director, Retail Banking, South Group, First Bank, Mr. Francis Shobo, at the FutureFirst Financial Literacy Programme to commemorate the Global Money Week in Benin, Edo State, recently.

Tight security as national confab begins CONTINUED FROM PAGE 1

today after the President bowed to the demands by Nigerians for a national discourse to find solutions to the problems confronting the country. National Mirror gathered that the delegates, who had already arrived in Abuja had undergone accreditation process. Also, the staff, including security operatives involving the police, soldiers, State Security Service and the Federal Road Safety Corps officials as well as those of the National Security and Civil Defence Corps had been accredited to forestall security lapses in the area. It was learnt that the Federal Government, due to recent continuous attacks by members of Boko Haram Isalmic sect and the rumour of possible attack

of the venue did not want to take anything for chance, hence the security operatives’ presence at strategic positions in the area. At the Justice Mariam Aloma Muktar Auditorium in the premises, fully armed operatives of the DSS were seen guarding the building and screening visitors. The auditorium will serve as venue for the presidential inauguration. Workers were also seen putting finishing touches to the venue, especially painting to make it attractive and befitting. Although vehicular and human movement were highly restricted into the institute’s premises, a security operative said by today, “only accredited individuals will be allowed access to the premises”. He said even journalists who were not properly accredited between today and

tomorrow would be denied entry. Those already invited to attend the inauguration ceremony are former Presidents and Heads of State, the leadership of political parties, members of the National Assembly, state governors, members of the judiciary and the Federal Executive Council. Others are members of the diplomatic corps, religious leaders and traditional rulers. He said delegates and guests are to be seated by 4p.m. Secretary to the Government of the Federation, Senator Anyim Pius Anyim, had earlier stated that the official name of the conference shall be “The National Conference” and it shall hold in the Federal Capital Territory, Abuja. He added that the conference would last for three

months and discuss any subject matter, “except the indivisibility and indissolubility of Nigeria as a nation,” stressing that “the unity of Nigeria is, therefore, non-negotiable”. Anyim said a conference management secretariat would be established to manage, administer and run its affairs. The secretariat is headed by former Chief Justice of Nigeria, Justice Idris Kutigi. “Decisions taken at the national conference shall be by consensus. But where it is not achievable, it shall be by 75 per cent majority,” Anyim said. Stating that the conference would be funded from this year’s budget, the SGF said it was also expected to advise the government on the legal framework, procedures and options for integrating the decisions and CONTINUED ON PAGE 6>>

to deceive the public with cooked figures showing job creation where indeed there have been job losses. “Today, sadly, the truth has been laid bare: 5,000 or so vacancies declared by NIS have attracted over six million applicants, from which over half a million was shortlisted, according to published reports, and the desperation of our youth to eke out a decent living has been exploited by a villainous government that forced each applicant to cough out N1,000, thus raking in N6bn from jobless people,” the party said. The Rivers State chapter of the party in a statement by its Chairman, Dr. Davies Ikanya, called for the immediate removal of the minister. Five fatalities were recorded at the Elekahia Stadium, venue of the recruitment in Port Harcourt, the Rivers State capital. Ikanya said the call for Moro’s sack became necessary because rather than show remorse, the minister blamed the victims for the fate that befell them, saying it was the height of insensitivity. The statement, signed by the chairman’s media aide, Eze Chukwuemeka Eze, also said that Moro had no reason to remain in office, after supervising the exercise that resulted in tragedy and called on President Jonathan to relieve him of his appointment forthwith. The CNPP said it was not impressed by the Federal Government and the Peoples Democratic Party, PDP, defence over the calamity. CNPP National Publicity Secretary, Osita Okechukwu, in a statement yesterday blamed the Federal Government for its inability to curb corruption and generate employment. The party, therefore, asked Nigerians to mourn what it said was a “tragedy of gross unemployment”. “The ambitious youths and pregnant mothers of our ancestry died hungry, poor and in a state of agony in the midst of plenty. “It is our candid view that the tragedy of unemployment is the outcome of Federal Government’s nebulous and inchoate economic policy; which regrettably posits that government has no business in business and

the monumental corruption, which governs the reproachable economic policy. “Otherwise, if the PDPled Federal Government had in the past 15 years invested our unprecedented oil and gas revenue to critical infrastructures like refineries, modern railways and power supply, there is no way over 400,000 youths will pay N1,000 to chase less than 3,000 jobs in a single department of the state across the country,” CNPP said. Former Chairman of Trade Union Congress, TUC, Kaduna State chapter, Paul Jezhi described the death of the job seekers as a time bomb waiting to explode. Speaking with National Mirror in Kaduna, Jezhi said that the high unemployment rate had already created youth restiveness, adding that the situation might be out of hand if government failed to take urgent steps. Jezhi, who is also President, International Strategic Management Institute, ISMI, called on government to declare emergency on unemployment syndrome. He, however, appealed to the youth not to engage in social vices which, according to him, may worsen the insecurity facing the nation. Former Governor of Edo State, Chief John OdigieOyegun, asked the Federal Government to prosecute the organisers of the recruitment test. He said: “I don’t know what to say. But I am sad, heartbroken and feel terrible for the death of those unfortunate ones. “I want to join other Nigerians to give their families my heartfelt condolence. It speaks volumes of the high and terrible condition of unemployment in this country. “You can see the National Stadium in Abuja and Lagos and how they were full to the brim. It is just like when people were watching Manchester United and Liverpool playing. “What does it tell us as a nation? That the youths of our nation are suffering. They are jobless and nobody cares about them. “It is a total failure of governance at the highest level. That is why we have to CONTINUED ON PAGE 14>>


6

News

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

Inflation rate drops to 7.7% in February CONTINUED FROM PAGE 1

eration in year-on-year rates in February was as a result of higher year-on-year changes exhibited in February 2013. The statistics agency reported that during this period, prices increased by 0.75 per cent on a monthly basis (the second highest price in-

creased observed during the year) compared to a moderated increase in the monthon-month rate of change of 0.5 per cent observed in February 2014. Expatiating further on the average change in price level, the NBS reported that food prices also rose at a relatively slower rate in the month under review at 9.2

per cent year-on-year with prices of yams, potatoes and other tubers as well as vegetables and fruits increasing at a slower rate while prices of bread and cereals rose at a faster rate during the period. NBS stated: “After a brief respite in January 2014, prices in the core sub-index increased at a faster rate in February. Prices rose by 7.2

per cent year-on-year, higher than the price increase recorded in January by 0.6 percentage points. On a monthly basis, prices increased at a slower rate for the second consecutive month, increasing by 0.5 percent in February, marginally lower than the 0.64 per cent increase recorded in January. “After a slight increase

Scene of the pipeline explosion at lmoren Peninsula in Ijegun, Lagos, at the weekend.

Tight security as national confab begins CONTINUED FROM PAGE 5

outcomes of the national conference into the constitution and laws of the country. According to him, the national conference will have a chairperson and a deputy chairperson of unimpeachable integrity. It will be recalled that President Jonathan in his Independence Day nationwide broadcast last year conceded to demands for a national dialogue. He had consequently set up the Senator Femi Okunroumu advisory committee to fashion out ways of bringing the dialogue to fruition. The President had often stated that the national dialogue would strengthen the nation’s union and address issues on the front burner but too frequently ignored. The Federal Government had also lashed out at critics of the modalities for convening the conference, saying the selection of delegates was evenly spread across ethno-religious and partisan leanings and could not be said to be deliberately skewed in favour of

President Jonathan. The government said Jonathan was only directly involved in nominating about 46 out of the 492 delegates. Opposition politicians and civil society organisations as well as various interests groups had written off the dialogue as “a conference of the government by the government and for the government”. Meanwhile, Christians in Kwara State have kicked against the list of delegates drawn by the state government for the confab. The protest, raised under the umbrella of the Christian Association of Nigeria, CAN, in the state, condemned and totally rejected the list. CAN Chairman in the state, Prof. Timothy Opoola, said yesterday in Ilorin that the Christians “reject the list of Kwara State Government's delegation to the national conference because the state government did not comply with the Federal Government's directive on the selection of delegates”. He said: “It is clearly

stated in the Federal Government’s directive that the 15 delegates per geopolitical zone must reflect ethnic and religious diversities in the zone. Undoubtedly, Islam and Christianity are the two distinct religious bodies in Kwara State. “The point we are making is that the criteria of ethnic and religious diversities make it mandatory for the Christian body to be represented on the delegation from the state to the national conference. “Regrettably, the three selected to represent Kwara State are Muslims. There is either a mistake in the compilation of delegates list from Kwara State or there is a deliberate exclusion of Christian representation. “Whichever it is, the Christian community condemns its exclusion from the state delegation and rejects the whole exercise as it stands; and calls on the state government to rule justly and in the fear of God by giving the Christian community its right to be represented before the inauguration of the conference.”

In 2013, the Christian body had protested an alleged gross imbalance in the composition of the state cabinet, appointments into government organs including the choice of school heads and postings. Also, the former Acting Managing Director of Niger Delta Development Commission, NDDC, Pastor Power Aginighan, yesterday protested the exclusion of the Ijaw of Akwa Ibom, Edo and Ondo states from the national conference. Aginighan, in a statement made available to National Mirror, said the conference would have afforded the people of Ijaw stock in the three states to present their peculiar case. The pioneer national secretary of the Ijaw National Congress, INC, the umbrella body for the Ijaw people in Nigeria and Diaspora, however, commended Jonathan for initiating the conference. Aginighan congratulated the delegates to the conference, especially those of Ijaw extraction, charging them to present and marCONTINUED ON PAGE 14>>

in January (year-on-year) urban price increases moderated as indicated by the Urban Composite CPI. The index was recorded at 153.0 points in February, a 7.8 per cent increase from levels recorded in February 2013. The price increase was lower than rates recorded in January by 0.4 percentage points. “The corresponding Rural National CPI recorded a 7.7 per cent year-on-year change in February 2014, easing marginally from the rate recorded in January (7.8 per cent). On a monthly basis, price increases in the Urban All-items index eased for the second consecutive month in February, increasing by 0.5 per cent”, the Bureau added. Similarly it disclosed that the Rural All Items index also showed a similar trend, increasing by 0.49 in February, down from 0.68 per cent recorded in the preceding month, adding that the percentage change in the average Composite CPI for the 12 month period ended February 2014 over the average of the CPI for the previous 12 month period was recorded at 8.3 per cent, marginally lower from the 8.4 per cent average 12 month rate of change recorded in January. The NBS report also indicated that the corresponding 12-month year-on-year average percentage change for the Urban index was 8.5 per cent, while the corresponding Rural index was recorded at 8.1 percent, showing that both were lower from the previous 12 month rates of change by 0.2 percentage points. A leading financial consulting company, Financial Derivatives Company (FDC) had last week predicted some moderation in the CPI based on fiscal and other realities in the domestic economy. In the paper presented at the March 2014 Monthly Economic News and Views at the Lagos Business School Executive Breakfast Meeting by the company’s Chief Executive Officer, Bismarck Rewane, the company project 7.95% (+/-0.18%) inflation forecast for the month. Meanwhile, the Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi OkonjoIweala, said the total savings in the ECA now stood at $3.45bn, following last week’s decision at the Federation Allocation Accounts Committee (FAAC) to add

$1.34bn to the Account. Before the FAAC meeting, total savings in the account which has been subject of ceaseless bickering between the Federal and state governments, was $2.11bn. The increase represents about 63.5 per cent. According to OkonjoIweala, the rise in the ECA demonstrates Federal Government’s commitment to rebuilding the country’s fiscal buffers by increasing the savings in the ECA and strengthening the foreign reserves. It would be recalled that the rapid depletion of the ECAover the last few months had raised serious concern in the public domain based on the risks posed to the nation’s macroeconomic stability. For instance, the ECA was drawn down by over $7bn within a year just as the foreign reserves also decreased by higher margin, up from about $49bn in June down to about $40bn by the end of February. Worried by the fiscal recklessness, the Central Bank of Nigeria and financial analysts, especially the civil society organisations, have over the last few months raised serious concern over the trend For instance in just two months ended January this year, the nation’s external reserves decreased by $1.8bn, compelling the CBN to cry out that the sustained depletion in the foreign reserves and ECA constituted a threat to the economy. According to CBN statistics released on February 4, 2014, the reserves fell from $44.5bn on December 3, 2013 to $42.7bnon February 3, 2013. In 2013 alone, the apex bank spent about $2.6bn from the nation’s external reserves to ensure the exchange rate stability of the nation’s currency. Available statistics showed that the reserves, which peaked at over $48bn in May last year, consistently decreased and had by December 23, 2013 sank to $43.9bn. This massive depletion of the fiscal buffers without concrete evidence of deployment of the funds to critical areas of need in the economy in years preceding the 2015 elections had been major source for concern of stakeholders.


National Mirror www.nationalmirroronline.net

Monday, March 17, 2014

7


8

News

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

PDP owes me debt of gratitude –Atiku OBIORA IFOH ABUJA

F

ormer Vice-President Atiku Abubakar has said that the Peoples Democratic Party (PDP) owed him a debt of gratitude. National Publicity Secretary of PDP, Mr. Olisa Metuh, had said that Atiku owed the party a debt of gratitude for providing him the platform to emerge as the nation’s former vicepresident. But Atiku said at the weekend that contrary to

Metuh’s claim, it was the party that owed him debt of gratitude. The former vice-president, who resigned his membership of the PDP in February, said Metuh’s claim that he was ungrateful to PDP was a distortion of history. A statement by Atiku’s Media Office said that neither Metuh nor anyone currently in position of authority in PDP was there when the PDP was being formed. The statement said: “If the National Publicity Sec-

retary of the PDP doesn’t have the knowledge of how the party came into being, then it will be in order that he goes into the archives and read about the history of the party and the roles certain individuals, particularly former VicePresident Atiku Abubakar played in building the party. “For the avoidance of doubt, Atiku Abubakar does not owe to the PDP. Rather it is the PDP that owes a debt of thanks to him. Where were Metuh and his paymasters when

the PDP was in its formative stage? If he and his paymasters came as free riders into the party, that should not mean they have the licence to distort history. “The demagogic outburst and the repeated innuendoes by which the PDP has been nursing its wounds following the exit of its founding fathers will do no good for the party to reverse the trend of how it is fast losing acceptability by the Nigerian people.” According to the statement, Metuh and his

co-travellers in the PDP should focus more on improving the lives of citizens, redressing the parlous state of the nation’s economy and stemming the state of insecurity that pervades the land instead of distorting history. The statement added: “Nigerians need good governance. They need to be told how the only country we all call home can be safe for each and every one of us. Nigerians need a political party that will work on the parlous state of the country’s economy and restore finan-

cial confidence to Nigerians who work hard to support their families. The youths of Nigeria need a political party that can give them a direction to the future. “There are very many challenges besetting the country today and it will be incongruous that a political party in government will ignore these challenges and continue to vituperate over individuals who have deserted its fold to join forces with a political party better suited to provide solutions to the myriad of problems confronting the country.”

Firm asks S’Court to retain N6.4bn judgment against NIMASA WALE IGBINTADE

A

L-R: Permanent Secretary, Ministry of Environment, Mr. Taiye Haruna; Minister of Environment, Mrs. Laurentia Mallam and Chairman, T Y Danjuma Holdings, Lt-Gen T.Y Danjuma (rtd), during a meeting on Wild Life Park in Abuja, at the weekend. PHOTO: ROTIMI OSASONA

Edo PDP lawmaker, supporters defect to APC SEBASTINE EBHUOMHAN BENIN

A

member of the Peoples Democratic Party (PDP) representing Esan Central Constituency in Edo State House of Assembly, Hon. Victor Sabore Edoror, has defected to the All Progressives Congress (APC) with his supporters. Edoror, who spoke at a rally on Saturday in Irrua, headquarters of Esan Central Local Government Area, said he and his supporters decided to join the APC “because of the intimidating He said: “The record of Adams Aliyu Oshiomhole’s administration is such that PDP can no longer campaign anywhere in Edo State as the party has nothing to show for the years it spent in office.” Apart from Oshiomhole, the House Speaker, Hon. Uyi Igbe; Majority Leader,

Hon. Phillip Shaibu and other APC chieftains such as Dr. Tony Omoaghe, Chief Francis Inegbeneki and Mr. Frank Arewele attended the rally. Edoror, however, vowed to deliver his constituency for APC in subsequent elections in Edo State after pledging his loyalty to the leadership of the party and the governor. Receiving the defector, Oshiomhole said: “Today, God has brought us together to consolidate the liberation of the great people of Esan Central in Edo Central, Edo State and by the Grace of God, the great people of the Federal Republic of Nigeria. “When I hear the PDP talk that after Oshiomhole, they will capture Edo back, I ask, ‘is Edo a goat that must be captured?’ In 2007, PDP stole the people’s mandate. I battled with them with your support and by the

Grace of God, the mandate was restored.” Backing his popularity claim with facts, Oshiomhole recalled that that on April 14, 2013, PDP was defeated in all the 18 local councils of Edo State. “The only reason why I am in government is to show that PDP has been stealing and the only way to show that they have been stealing is to work. People ask me where the money is coming from. It is simple for me because they have been

stealing the money.” Oshiomhole, who lamented that the PDP has done nothing to improve the lot of the people of Nigeria since 1999 other than compounding the problem of unemployment and poverty among the citizenry, said the party was synonymous to Poverty Development Party, saying: “Our people must refuse to be deceived. We have come to stay as APC. As we speak, there are 16 governors with APC.”

firm, Hensmor Nigeria Limited, has filed an appeal at the Supreme Court against the judgment of Appeal Court in Lagos which nullified N6.4 billion awarded in its favour against the Nigerian Maritime Administration and Safety Agency (NIMASA). The Appeal Court had last Friday upturned the judgement of Justice Okon Abang of the Federal High Court in Lagos which earlier mandated NIMASA to pay Hensmor N6.4 billion for unlawful detention of its vessel named M T Aigbomen. In a unanimous decision of three panel of judges, the Appeal Court set aside the judgement of Justice Abang and uphold the appeal of NIMASA on the ground that the police investigation report solely relied on by Justice Abang in arriving at his verdict containing allegation of crime was not tendered by the maker of the document. Dissatisfied, Hensmor urged the apex court to retain the judgement sum

South-West politicians urged to shun divisive tendencies OBIORA IFOH ABUJA

T

he Chief of Staff to the President, Brig-Gen. Jones Arogbofa (rtd), has urged South-West politicians to shun disunity and divisive tendencies if they are to regain their prime position in the polity. Speaking while receiving

members of the South West Network (SWN), a political pressure group in his office, Arogbofa said the inability of the leaders to close ranks and work together for the progress of their political party had been responsible for the loss of relevance in the political set up. He said while it was legitimate for everyone to struggle for position in any society, it was necessary for

leaders to support whoever won the position for the overall interest of the people and the party. “Our people always fight for everything and in the process we lose everything and that was why the PDP lost some states and today we are with nothing in the South-Wes,t” Arogbofa urging the group to work hard in resolving the crisis of leadership in the zone.

which is currently in the custody of the Deputy Chief Registrar of the Federal High court in a fixed deposit interest yielding account in First Bank. The firm stated that the application became necessary in the likely event of a successful appeal pending the hearing and determination of its appeal at the Supreme Court. It argued that it may not be able to recover the judgement sum from NISAMA if the money had already been released to NIMASA. Hensmor, which is a maritime services provider company, had alleged in its statement of claim before the Federal High Court that its vessel M T Aigbomen was illegally detained by NIMASA while 63,000 metric tons of dual purpose kerosene store in it was stolen. The company had further alleged that all administrative effort made by it to secure the release of the vessel prove abortive, hence the need for the suit. But, NIMASA had, in its statement of defence, stated that on the 14th of March, 2006 its Harbour master called to inform the agency that M T Aigbomen was not sea worthy, and that as an agency responsible by statute for the regulation and safety of marine services, the ship in question was inspected and it was discovered among other things that the sea worthiness of the ship had expired since 2005. It added that the ship was promptly detained pending the time all the defects would be rectified.


National Mirror www.nationalmirroronline.net

South West

Monday, March 17, 2014

9

Why I withdrew from confab - Afe Babalola ABIODUN NEJO AND OJO OYEWAMIDE AKURE

E

minent lawyer, Chief Afe Babalola,, said at the weekend that he was not dropped by the Federal Government as a delegate to the National Conference scheduled to begin today. Secretary to the Government of the Federation, SGF, Anyim Pius Anyim, had last Thursday in a statement announced some changes in the list of delegates to the National Conference, with Babalola being replaced by Dr. Kunle Olajide in the elder statesmen category. Describing the media reports that he

was dropped as fallacious and ridiculous, Babalola said it was he who wrote to President Goodluck Jonathan and pleaded with him that another person be appointed. The elder statesman, who spoke with National Mirror in Ado-Ekiti, ascribed his withdrawal from the conference to some prescheduled and confirmed national assignments outside the country, which will take him away for three months. He said he had earlier respectfully turned down the nomination of the Ekiti State Government which approached him to lead the state’s delegates to the conference and that of the Yo-

ruba Elder Forum, YCE, before his appointment by the Federal Government for the same reason he stated in his letter to the President. Babalola said: “How can any government in this country nominate me and then reject me thereafter? The report in the newspapers that I was dropped is not correct. “For the records, when I read in several national dailies on March 7, 2014, of the decision of the Federal Government of Nigeria to appoint me as a delegate to the upcoming National Conference, I felt a deep sense of honour to have been so considered worthy of this appointment. “I considered it a very

welcome development, not entirely because of the personal recognition it accords my various contributions to the development of Nigeria, but also because it is a confirmation of my many suggestions in papers, articles and lectures in the last 12 years and particularly my paper to President Goodluck Jonathan on the all-important subject matter of National Conference. “But I gave it a lot of consideration. Why? A week earlier, the governor of Ekiti State, Dr. Kayode Fayemi, had approached me that they wanted to submit my name to lead Ekiti delegation to the National Conference and I said ‘Your Excellency, I am

L-R: Celebrant, Chief Olatunde Abudu; Ogun State Governor Ibikunle Amosun and Alhaja Raulat Abudu, during Chief Abudu’s 85th birthday ceremony in Abeokuta, at the Weekend.

Crisis looms in Ekiti community over monarch’s selection ABIODUN NEJO ADO EKITI

M

embers of the Attah Ruling House in AyedeEkiti, Ekiti State, at the weekend protested the alleged manipulation by the state government of the process leading to the enthronement of Oba Mumuni Adebayo Orisagbemi as the monarch of the

town. The card-carrying protesters rooting for eight aggrieved contenders to the throne from the ruling house described the installation of Orisagbemi, to occupy the first class monarch stool as flagrant abuse of the Ekiti State Chieftaincy Law and Morgan Reports. Some of the inscriptions on the placards of the con-

testants, who have threatened to file a new suit at the Ikole Ekiti High Court to unseat the newly-installed monarch, are: “Ayede Will Select Our New Attah through Normal Process”; “Fayemi, Listen to Ayede and Follow the Norm and Tradition”; “Ayede Ekiti Rejects Adebayo Orisagbemi as Our Oba”. Spokesman of the contestants, Prince Oreoluwa

Fabumi, said the presentation of certificate of registration to Oba Orisagbemi, a few hours after the judgment in their suit to challenge his selection, gave room for suspicion that the government had taken side in the matter. Fabunmi warned that the town might witness a crisis “until government des the right thing in the matter.”

Fire guts pipeline, Elephant Cement building in Lagos FRANCIS SUBERU

T

here was panic last weekend in Lagos as a result of multiple fire incidents in parts of the city. The Elephant Cement high rise building at Alausa, Ikeja

went up in flames while pipeline explosion was recorded at the Ijegun area of the metropolis. National Mirror gathered that the pipeline explosion which occurred at lmoren Peninsula, Ijegun, Lagos started around 8.00pm on Saturday. It was eventually put out around 12noon on Sunday

by the combined team of the Lagos State and Federal Fire Services; National Emergency Management Agency, NEMA and Lagos State Emergency Management Authority, LASEMA. According to the South-West spokesperson of NEMA, Ibrahim Farinloye, the fire was not

caused by renewed vandalism of pipelines, but because of an underground spillage. Ibrahim said: “There is no fresh act of vandalism; the explosion was as a result of underground spillage through the points of previous vandalisation. No casualties at all.”

sorry I have pre-scheduled international assignments between now and June and there is no way I will be able to do so.’ “Two days earlier, the forum of Yoruba leaders in Ibadan said again that I should be one of the Yoruba leaders that would go to the conference. I also rejected it on the same ground. “It was latter I saw my name in the newspapers. You see that it would be stupid of me to now accept what both the leaders of Yoruba and the governor here had offered me which I rejected. That is the second reason. “It is true that I have that commitment to prescheduled engagements involving people from Korea, England and America. It is very true. “That’s why I wrote to the president. But then, I did not release my letter to the press because I don’t believe in it. When they now accepted my withdrawal, I nominated somebody, as I suggested that they would say I was dropped. “Very contrary to the assertion and some insinuations that I was dropped, it was me who wrote to the President upon reading about my nomination in the media, pleading that another person be appointed on account of my inability to attend the Conference due to some pre-scheduled and confirmed national assignments outside the country.” Babalola added: “In the case of Ekiti State, I nominated Chief Deji Fasuan, an astute elder statesman and patriot of unquestionable character to replace me. “So, there is no reason why I would not want to serve President Jonathan or my people, especially when it comes to the issue of how we are governed. I know and I believe that the 1999 Constitution was not made by me and you. “Although the preamble says it was made by all of us, it’s a lie in itself. So, I would have loved to contribute but for that very important reason,” the legal luminary stated. However, to demonstrate his belief in, and commitment to the success of the conference, Babalola promised to send a paper to the Secretariat of the Conference, reiterating his views, including some papers earlier sent to the President,

which were forwarded to Justice Alfa Belgore. His words: “I have been an unrepentant advocate of the need to have a new constitution to replace the 1999 Presidential Constitution. I was the Chairman of the Revenue Allocation and Fiscal Committee in the 2005 National Conference. Since 2000 up to date, I have written numberless articles, delivered lectures, attended seminars where I had advocated for the president to convene a Sovereign National Conference. “There was a time when the National Assembly said that those of us who where advocating for Sovereign National Conference were in miserable minority. “So, when President Jonathan finally said there would be a national conference, I was in deed very happy, because what I have been an advocate for the past 12, 13 years has finally been accepted by the president. I’m a firm believer in the project Nigeria.” The legal luminary debunked the argument that the confab lacks legal backing. He said: “I have made it clear to even the most illiterate person that Section 14 subsection 2 of the 1999 Constitution clearly states that sovereignty belongs to the people. “As bad as that constitution is, as wobbled as it is, as inappropriate as it is; it acknowledges that sovereignty resides in the people and not either the Judiciary, the Legislature or the Executive, the three arms of government. “We put these people there by vote. But running a government is delegation by people to run it in accordance with the law. If they now find that it is not properly done, they can say they want a new constitution. “To me, the National Conference has legal basis because those people who are nominated are representatives of different ethnic groups and professionals in the country. “Since sovereignty resides in them, they have the right to decide what type of constitution they want.” Babalola said the first thing the conference must decide is whether or not the deliberations and the report of the conference would be submitted to the National Assembly to consider.


10

South East

Monday, March 17, 2014

Confab: Group rejects Nwachukwu’s leadership GEORGE OPARA ABA

A

group, the Lower Niger Congress, LNC, has declared its opposition to nomination of Gen. Ike Nwachukwu (rtd) as the leader of delegates from the South East geo-political zone to the National Conference. South East governors, at their meeting in Enugu last week, had nominated the former military governor of old Imo State and a former foreign minister to be the leader of South East delegates to the confab being inaugurated today in Abuja. But speaking in Aba, Abia State, over the weekend during a town hall meeting organised by LNC,

its secretary general, Tony Nnadi, said his group was opposed to the retired general’snomination due to the ‘fact’ that during the Nigerian Civil War of 19671970, Nwachukwu fought on the Nigerian side against the Igbo. Nnadi said since the confab was an opportunity for the Ndigbo to ‘wriggle out of the enslavement’ they had found themselves since the amalgamation of Nigeria in 1914, it would be difficult to achieve that with a delegate led by somebody that was not on their side during the war. “What the Igbo need now is to firmly grab the opportunity presented by the National Conference to discuss about the union. Our being

in Nigeria which since 1914 has put us in enslavement,” the group stated, adding that the Igbo do not want to be continuously enslaved. “But from the way things are, with the South East delegates being led by someone who fought against us during our war of emancipation, we are afraid if we are going to make headway at the confab,” the LNC stated. Nnadi warned against Ndigbo misusing the opportunity presented by the National Conference, for according to him, “since the Aburi Accord of 1967, everybody knew there had been an unfinished business in the project called Nigeria, hence the confab and we should make the mistake of sending people

who would not represent the interest of Igbos there. “Nigeria, which was structured to enslave the Igbo, has gone to a point where it needs to be reconstructed, and the best opportunity has been presented by the confab. That is why we are saying that Ndigbo should not toy with it. “LNC is of this opinion that, because the amalgamation of Northern and Southern Protectorates by Lord Lugard was a treaty; and all treaties have a lifespan of 100 years. That being the case, Nigeria, as a union, is dead and its burial ceremony will be conducted in 2014. If there will be a new union, it would be worked out by all,” the group said.

National Mirror www.nationalmirroronline.net

Ex-Ebonyi council boss abducted in church ALIUNA GODWIN EBONYI

S

uspected kidnappers at the weekend abducted the former coordinator of Okposi Development Centre of Ohaozara Local Government Area, Ebonyi State, Mr. Ihebunandu Okorie. It was gathered that the kidnappers abducted their victim inside the premises of the Reformed Presbyterian Church, Obioha Okposi, at about 1pm, shortly after attending church service. The heavily-armed gunmen, who were reportedly waiting for their target at the premises, promptly whisked him away in his car, a fourrunner Toyota jeep, with registration number, NCA 94 AA. An eyewitness told our

DENNIS AGBO ENUGU

A

Outgoing governor of Anambra State, Mr. Peter Obi (fourth from left) and others during the foundation-laying stone of Nnewi Shopping Mall.

Obiano takes over, as Obi quits CHARLES OKEKE AWKA

A

new phase in the political history of Anambra State begins today with Chief Willie Obiano taking over power from erstwhile governor, Peter Obi, as the seventh civilian governor. Obi, whose eight years rule ends today, will hand over to Obiano at an elaborate ceremony at the Ekwueme Square, Awka, the state capital. Already, the square, venue of the handing over and swearing-in, is wearing a new look. Ditto the Governor’s

Lodge, Awka, billed to host post-inauguration events, such as the inaugural ball to welcome Obiano and his deputy, Dr. Nkem Okeke, as well as their wives. Obiano, who contested for, and won the governorship election held in Anambra State on the November 16 and 30, 2013 on the platform of the All Progressive Grand Alliance, APGA, hails from Aguleri. A University of Lagos, Unilag-trained accountant, he served Fidelity Bank PLC in various capacities before being drafted into the tendentious politics of Anambra. He is expected to bring

his long years of auditing and accounting experience to bear positively on the administration of the state in the next four years. The inauguration ceremony for the enthronement of as governor began on Thursday, March 13, with an interdenominational service. It reached its climax on Saturday when members of Anambra State Traditional Rulers’ Council led by the Obi of Onitsha, Igwe Alfred Achebe, conferred one ex- governor Obi, the first class chieftaincy title of ‘Okwute’ (the hard stone). Yesterday, there were

three major events - the Inauguration Service, which took place at the St. Patrick’s Catholic Church, Awka and an informal lunch at the Governor’s Lodge. There also was a polo exhibition held in the evening at the Emmause House, Awka. Meanwhile speculations are being thrown up on the likely political appointees of the new governor. A former deputy governor and member of the House of Representatives, Dr. Okey Udeh, is being tipped as the likely Secretary to the State Government, SSG. He is from the South Senatorial Zone.

chieftain of the All Progressives Congress, APC in Enugu State, Dr. Ben Nwoye, has declared his intention to contest for the Enugu East Senatorial District in 2015. He said he is confident of beating any would-be rival in the ruling Peoples’ Democratic Party, PDP, in a transparent poll as a result of an alleged failure by the latter. According to Nwoye, Enugu ‘regrettably’ has had only two senators since 2011. He described ‘the third senator’ representing his zone as a misfit, and the seat, ‘empty’. Nwoye added that since 2011, he had been watching with sadness, the appalling state security in Nigeria, as well as hair-raising issues such unemployment, health care and dysfunctional education. He said: “Our representatives don’t take account of these. Enugu in particular has two senators and one empty seat. We’ve been left with only two voices. “All the things that made us come back from the US are still there. I, therefore, give myself for the senate so we can ask the president to be accountable to the people.

correspondent that the kidnappers came with a green-coloured Mercedes 230 Benz wagon car with Lagos registration number, BS 559 KJA. According to him, “As the former coordinator was coming out of the church, they began shooting into the air, sending members of the church scampering for safety.” At this point, said the eyewitness, they bundled their victim into the boot of the car and zoomed off. “Before they took off, they deflated the tyres of the Mercedes Benz car with bullets. They also tried to set it ablaze by shooting at the fuel tank, but it didn’t catch fire.” Contacted the police spokesman in the state, ASP Chris Anyanwu, said he was yet to get the report of the incident.

“I will be seeking for the flag of APC to run for the senate. My hope is that we will look at the candidates like Nnaji, Nnamani, Mrs. Nwobodo, Nweke Jnr. “We will look at everyone based on experience to assess character, to pick and I believe I am the most qualified. It’s unfortunate we have (had) two senators and one vacant seat. We will not like that to continue.” Nwoye bemoaned the lack of political activism in the state, regretting that Enugu people don’t believe true elections could be conducted in the state. “They believe solely in PDP anointing and are not attracted to opposition parties,” he stated. Nwoye flayed what he called the foray of traditional and religious institutions in the state into the political apparatus by the PDP “that dangles cheap gifts before some clergy and traditional rulers to attract their support.” The senatorial aspirant expressed confidence that the 2015 elections would be a lot different and more improved upon than the 2011 version because, according to him, the Chairman of Independent National Electoral Commission, INEC, Prof. Attahiru Jega, is now more experienced.


National Mirror www.nationalmirroronline.net

Monday, March 17, 2014

11


12

South South

Monday, March 17, 2014

Impeachment plot: Delta Assembly Speaker resigns • Fred Ajudua’s wife, Pat, may emerge new Speaker SOLA ADEBAYO WARRI

D

elta State House of Assembly Speaker, Hon. Victor Ochei, has resigned as head of the legislature to apparently prevent his impeachment scheduled for tomorrow. Reports available to National Mirror indicated that Ochei dropped his resignation letter with Governor Emmanuel Uduaghan on Saturday night. But National Mirror could not confirm the report from the Government House officials. Investigation showed

that Ochei on Saturday night held a meeting with his aides in Asaba, the state capital, during which he briefed them about his latest fate. It was learnt that he thereafter proceeded to remove his personal effects from his office in the House located along Okpanam Road in Asaba. Already, 25 members of the Peoples Democratic Party (PDP)-dominated House have signed the impeachment notice of Ochei and his Deputy, Hon. Basil Ganagana, as at Saturday night. The House has 29 members.

It was gathered that two allies of Ochei, Mr. Efe Ofobruku and Mr. Samuel Mariere, reluctantly signed the document to impeachment their principal. Those behind the impeachment planned to remove Ochei and Ganagana tomorrow and suspend them for six months. Ganagana was adamant. The Deputy Speaker intensified lobby yesterday to retain his position. Although Ochei was accused of being high-handed and not being transparent in the handling of the affairs of House, especially in the use of funds and ex-

ecution of capital projects, National Mirror learnt that his woes might be rooted in his governorship ambition. It was, however, learnt that Pat, wife of a suspected fraudster, Mr. Fred Ajudua, may emerge as the new Speaker. Pat represents Oshimili North in the House, but if the state's Chairman of PDP, Chief Peter Nwaoboshi, has his way, Ajudua's wife won’t emerge Speaker. Nwaoboshi and Pat, who hail from the local government area, are political enemies.

National Mirror www.nationalmirroronline.net

Tension grips PTI over appointment of principal SOLA ADEBAYO WARRI

T

ension has gripped the Petroleum Training Institute (PTI), Effurun, Delta State, over the appointment of the principal for the oil and gas training institution. Already, stakeholders in the institute are warming up for a showdown over the report that a junior official was appointed acting principal to succeed Mrs. Cecilia Dennar, who is retiring on April 1. Dennar, who read English Language, served in acting capacity for about five years in the science-based institution. The identity of her successor would be unveiled on Tuesday. However, tension enveloped the institute at the weekend following reports that an Assistant Director, Dr. Eke, has been appointed as acting chief executive of the institute. Eke was identified as a relation of the Secretary to the Government of the Federation (SGF), Senator Anyim Pius Anyim, having hailed from the same area with the

SGF in Ebonyi State. The SGF was alleged to have facilitated the appointment of his kinsman. Although PTI was not under the office of the SGF, Anyim was said to have influenced the Minister of Petroleum Resources, Mrs. Deziani Alison-Madueke, who supervises the school, to facilitate the appointment of his kinsman. Stakeholders argued that Eke, a lecturer in the Department of General Studies, was the least qualified among the three officials recommended for the top job. Beside Eke, an Acting Director, who is officially a Deputy Director, Dr. Kelvin Idehen from Edo State and another Acting Director, who is also officially a Deputy Director, Dr. Clement Oghene, from Delta State, were recommended by the governing council of the institute to the minister for appointment as principal. The stakeholders lamented that Eke had never risen to become head of department to merit the appointment official on us as acting principal this time around.

Family cohesion depends on proper upbringing, not Wills –Utuama

D L-R: Newlyweds, son of the Oba of Benin, Prince Osama Erediauwa, his wife, Princess Patricia Erediauwa and Edo State Governor Adams Oshiomhole, during their wedding ceremony on Saturday.

BEDC owes customers 9,000 prepaid meters SEBASTINE EBHUOMHAN BENIN

E

lectricity consumers in Edo, Delta, Ondo and Ekiti states will storm the streets today to protest against what they described as fixed charge, poor and fraudulent services by the Benin Electricity Distribution Company (BEDC). The mass protest is taking place on the heels of information that about 9,000 prepaid meters paid for were yet to be delivered to consumers in Edo State. BEDC confirmed the fact at the weekend when its

Managing Director/Chief Executive Officer, Mrs. Funke Osibodu, said at the company’s headquarters in Benin that “over 8,000 backlog of meters paid for by customers under the previous management need to be sorted out.” Osibodu, who addressed a press briefing organised after National Mirror’s report of a planned mass protest against BEDC, was silent on fixed charge, the main issue for the protest. The report that allegedly angered the company management had described the deduction of N750.00 fixed monthly charge as “satan-

ic, vicious and illegal collection.” While Osibodu claimed that the company inherited challenges such as a significant drop in national power generation and supply, customers are worried that nothing significant had changed since BEDC took over on November 1, 2013. Some customers said most of the actions taken or being taken by BEDC had little or no positive impact on distribution of electricity as they have had on revenue generation such as the fraudulent N750.00 fixed charge that

allegedly rakes over N3 billion monthly. About five months after take-over, BEDC business is still riddled by inability to deliver prepaid meters long paid for even as consumers are still being advised to pay for prepaid meters since November. Also, unattended high volume of estimated billing, obsolete meters, fixed charge, workers retrenchment and sack, and nonpayment of severance benefits are some of the other problems responsible for the city-wide darkness in Benin and other parts of Edo State daily.

elta State Deputy Governor, Prof Amos Utuama, has advocated proper upbringing of children as the best way of ensuring family cohesion rather than depending on the writing of Wills. Utuama stated this at the weekend while opening a one-day legal seminar organised by Aequitas Chambers in conjunction with the Asaba Branch of the Nigerian Bar Association (NBA) with theme: “The role of wills in property succession and family cohesion” in Asaba. The deputy governor, who was the chairman of the occasion, claimed that the writing of a Will has its advantages and disadvantages, stressing that so many Wills later became subjects of litigations as a result of complaints and rejection by members of many families. He said: “Proper upbringing of children is the best way to ensure family cohesion rather than the writing

of a Will. A Will may not necessarily guarantee the cohesion of the family. A Will can only reinforce it.” Utuama stressed that a Will, as a legal document, states who gets what or part of somebody’s property when such a person is no more but if a Will is not properly executed, it could lead to the disintegration, rather than the cohesion of the family. Citing several cases to buttress his point, he said the writing of a Will could be said to be an act of cowardice, stressing that a man should be bold enough to share his properties among his people in his life time. While commending the organisers of the seminar, the deputy governor noted that writing a Will and similar exercises afford legal practitioners opportunities of continuous education. He commended the efforts of Ekemejero Ohwovoriole, the Head of Aequitas Chambers and NBA, Asaba Branch, for putting the seminar together.


Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

13

Politics

PDP consensus candidate may emerge before Wednesday ABIODUN NEJO ADO EKITI

B

arring any last minute change, the Peoples Democratic Party, PDP, candidate for the June 21 Ekiti State governorship election is set to emerge through consensus before Wednesday. Sources from a meeting held by the PDP Presidential Consensus Committee headed by former Deputy National Chairman of the PDP, Chief Olabode George, with the governorship aspirants in Abuja Saturday night said the PDP National Chairman, Alhaji Adamu Mua’zu, would announce the party’s choice as “consensus candidate among the 14 aspirants within 48 hours.” According to the sources, the Chief of Staff to the President, Brig Gen Oladehinde Arogbofa (rtd), who represented the Presidency at the meeting, said President Goodluck Jonathan’s insistence selecting the party’s candidate through consensus, which was corroborated by other security reports, was targeted at staving off crisis to ensure the party was well-positioned to win the election. Arogbofa, who was said to have told the aspirants to forget about primary, had explained that there was no way primary would not create crisis capable of adversely affecting the fortunes of the party in the poll. Consequently, the 13 aspirants present at that point in time, agreed with the consensus arrangement and signed an undertaking to support the eventual candidate and work towards the success of the party in the election. The 14th aspirant, according to the sources, arrived the venue at about 12.03am on Sunday morning when the grace to end the meeting which began at about 8pm on Saturday was being said. In another development, one of the leading aspirants, Amb. Dare Bejide, urged other aspirants to imbibe the spirit of consensus

•As LP denies hiring mercenaries for voters’ registration

in view of the need to put the party in order to “harness the people’s desire for change occasioned by the inability of the All Progressive Congress, APC, government to perform.” Bejide, who said consensus would discourage rancour that holding congress and primary would entail, recalled that the crisis that followed the last congress of the party was yet to abate and that a painless process to select the party’s candidate was desirable, adding that the party’s candidate must be a person with a large heart that would carry along everybody. Another aspirant, Mr. Deji Ajayi, however, advised on the need for the PDP to ensure its flagbearer comes from Ekiti North Senatorial District of the state to neutralise the candidature of the incumbent governor and APC candidate, Dr Kayode Fayemi, who hails from the North. But former governor of Ekiti State and an aspirant, Mr Ayodele Fayose, has in a statement by his media aide, Idowu Adelusi, in Ado Ekiti, said that he would not be part of any consensus arrangement, adding that consensus is another form of imposition, especially when it was not consented to by all aspirants. Fayose said: “Everybody who believes in democracy and in general election must believe in primary. I reject consensus in totality, I am ready to face all other aspirants. After all, there will be no consensus at general election. I believe in party supremacy based on equity and fair play.” Meanwhile, the Labour Party, LP, in Ekiti State said yesterday that it did not hire mercenaries to register as voters in the ongoing continuous voters’ registration exercise in the state. LP state chairman, Hon Akin Omole, who said none of his party members perpetrated any form of electoral manipulation in the exercise organised by the

Independent National Electoral Commission, INEC, cautioned the ruling APC to stop making allegations that could heat up the polity and derail the June 21 governorship election. Omole, was reacting to the allegation by the APC that the 18 persons purportedly arrested on Saturday for attempting to register

as mercenaries were sponsored by the LP, saying that police investigations revealed that the suspects were indigenes of Ekiti State and had been released based on the findings. APC state Director of Publicity and Media, Mr Segun Dipe, had shortly after the arrest of the suspects, who police said were coming to register from Idanre in Ondo State, al-

leged that they were hired by the LP from Ondo State to register in Ekiti. But Omole, who said it was never a criminal offence or breach of Electoral Act for indigenes of a state to make frantic efforts to partake in the electoral process in their home state, urged the APC to refrain from acting in a manner capable of painting Ekiti indigenes as criminals.

L-R: Kwara State interim chairman, All Progressives Congress, Hon. Ishola Balogun Fulani; former Minister of Sports, Mallam Bolaji Abdullahi; Kwara State governor, Abdulfatah Ahmed; Speaker, Kwara State House of Assembly, Hon. Razak Atunwa and his Deputy, Prof. Mohammed Gana Yisa, during the reception in honour of Abdullahi in Ilorin on Saturday.

EBERE NDUKWU

Y

outh of All Nations, YOANEA, has called on President Goodluck Jonathan to appoint sole administrators in Borno, Adamawa and Yobe states, where state of emergency had been declared, to effectively curb the escalating security challenges in those states. YOANEA President, Mr. Babatunde Ifenuga, made the statement while addressing youths in Port-Harcourt, during YOANEA peace summit at the weekend.

Replace govs of troubled states with administrators, YOANEA urges Jonathan Ifenuga urged youths not to allow themselves to be used as tools of cruelty and destabilisation but rather join hands to rebuild the nation. The South-South zonal coordinator of YOANEA, Mr. Happyday Ukpong commended the peace initiatives of YOANEA, promising that youths in the South-South would remain peaceful and law-abiding citizens. YOANEA Youth Leader, Comrade Jeff Echezona

Joshua, also lamented the wanton destruction of human lives in Borno, Yobe and Adamawa states where the activities of Boko Haram has been prevalent, calling on the sect to lay down their arms and allow peace to return. He said: “Enough of wanton destruction of innocent lives; give peace a chance. No reason is good enough to justify kidnapping, raping, massive and senseless massacre in the name of protest.”

Corruption fight: APC playing double standard -Lagos PDP

whereas the party is playing double standard; hypocritically reporting corruption at the federal level.” Raising concerns over Lagos’ missing funds in Econet Wireless, ENRON contract, amongst others, Gani commended President Jonathan for his courage in the fight against corruption and for how far he has maintained order and rule of law in the country.

EMMANUEL EGHAGHE

T

he Lagos State chapter of the Peoples Democratic Party, PDP, has accused the All Progressives Congress, APC, of double standard in the fight against corruption. The PDP, in a statement signed by its Publicity Secretary, Taofeek Gani, said its

Ifenuga said: “Several children, their teachers have been killed in their schools. Many women have been made widows and childless. And the vulnerable aged ones have been made to grief to death, and maybe hastened to grave by more gruesome means.” While commending the efforts of the Federal Government in restoring sanity to the troubled areas especially, the North-East,

position was a reaction to the wave of facts and rumours surrounding missing funds in the nation’s economy. It said that the revelations about missing funds were politically instigated by the APC and was a deliberate attempt to embarrass the Goodluck Jonathan administration. It said: “Unfortunately for the opposition, it was not

even on good moral standing to genuinely uncover corruption at the federal level because for fact, there were lots of outstanding issues of corruption in their various states and local governments. Indeed, the complete takeover of the economy of Lagos State and the entire South-West by APC’s national leader is pending,


14

News

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

Outrage trails death of Immigration job seekers CONTINUED FROM PAGE 5

embrace change. It is left for the youths to decide on what they want to do in the next election. “They must decide whether they want a change or not. But we have decided to tell them to take their destinies in their own hands. “Not only must the organisers be sacked and prosecuted, they must be treated like armed robbers. To think that they collected N1, 000 each from those youths and still exposed them to danger and death, the organisers must be made to pay compensation to the families of the dead and the injured.” AP National Secretary, Dr. Samson Isibor, said the government of President Jonathan should be held to account for the lives of the dead, saying it was a mark of the failure of the ruling class. The National Amir (President) of The Companion, an association of Muslim men in business and the professions, Alhaji Musibau Oyefeso, described the recruitment exercise as a terrible embarrassment and impunity, which called for investigation and sanction of the officers involved. In a statement yesterday, Oyefeso said that it was worrisome that the NIS was becoming notorious for killing innocent and young Nigerians at its recruitment interviews. “Last year, a similar interview exercise was conducted and several applicants died in the stampede that ensued. NIS must not be allowed to get away with this recurring criminal act. They must be stopped from further killing of innocent Nigerians seeking legitimate employment to serve their uncaring fatherland,” he said. Oyefeso added that it was unpardonable that the leadership of the service was fully aware of the large number of applicants and yet went ahead to organise the interview in one central location. “Obviously, youth unemployment in Nigeria is at a desperate level and the government must find desperate solution. We call on government to seek help from well-meaning and genuine experts who can assist to provide creative solution to

this monster before it gets out of hand.” Meanwhile, 24 out of the 35 injured victims of the stampede at the Abuja National Stadium have been discharged. The Public Relations Officer of the hospital, Mr. Tayo Hastrupp, disclosed this to National Mirror in a telephone interview yesterday. He said: “The minister (of Interior) came around 11a.m. today (yesterday) with the Immigration Comptroller-General. They went to see the patients; the minister said we should send the bill of the patients to him. He also sympathised with them. “As far as it is now, we have just 11 (patients); they are all doing well and there has been no other death more than the seven we had recorded before.” Hastrupp had earlier told National Mirror on Saturday that 70 victims of the stampede were brought to the hospital. He, however, said “between 30 and 35” of the patients were being treated at the hospital. The spokesman also confirmed the death of seven people from the incident. One of the deceased was a pregnant woman; four others were young ladies, while two young males completed the casualty list, according to officials of the hospital, who did not want their names mentioned. A relative of one of the patients, Mr. Andrew Stephen, took a swipe at the minister for promising to pay the patients' bills. He said: “I left home angrily to come down here. I was informed the minister promised to pay up the bill of the patients. If his child had died in the stampede, would he go and give money to God to bring his or her life back? How much would he pay to bring back the lives of those that died? How long shall we continue to deceive ourselves? All they are doing is to justify the killing of our promising children. “This is devilish, inhuman and condemnable. Instead of him to bury his head in shame, he is promising us money. Who asked him to pay bill for us? “Under a just God, all the people that were involved in this act should not go unpunished. It really shows

how insensitive our leaders are.” Some of the patients were seen at the emergency ward of the hospital sleeping when National Mirror visited yesterday. Meanwhile the Federal Government has expressed deep shock at the deaths of the applicants. Consequently, the government said it had begun investigation into the incident, adding that the report of a committee which would also independently investigate the incident would determine whether to still go ahead with the recruitment process. It said its main preoccupation now was the well-being of the injured applicants and assuaging the feelings of the bereaved families. Moro, who inspected the stadium and the National

Hospital in Abuja yesterday, gave an undisclosed amount of money to offset the accumulated medical bills of the patients. He said the ministry had taken precautions to avert such scenario; hence its decision to decentralise the examination centres rather than allowing applicants to converge on Abuja. The minister, who was grief-stricken, said it was not the intention of government to put its citizens in harm’s way, adding that he had wanted to give all applicants an equal opportunity to the few available slots. The Establishment Office had approved 4,556 slots for the immigration service but a total of 526,650 people applied. According to him, everything that was required to

do to conduct a hitch-free exercise was done by both the ministry and the service. “If you look at the stadium critically and the entrance gates, you will see signs that people attempted to break into the place forcefully and in the process, people were trampled upon and unfortunately, some persons lost their lives. It is very unfortunate. “This is an exercise that was intended, primarily, to forestall some of these incidents that we have seen today. “The reason for the decentralisation of the exercise across the states was to ensure that we have reasonable numbers in all the centres that can be controlled. ‘But unfortunately, the preliminary information available to me showed that people who didn't apply for

the jobs tried to cash in on the openness of the exercise to come in. “In a paramilitary situation, I'm surprised that pregnant women would opt to come and partake in this exercise that involves physical and strenuous activities, which is a very vital component for eligibility for enlistment into a paramilitary organisation like the NIS,” Moro told journalists at the stadium, trying to fight back tears. While recalling that the whole process began some months ago, Moro stated that the aptitude test will go on tomorrow as planned, dismissing fears of an imminent last-minute change. He said applicants are expected to take their aptitude test in the various centres where they had chosen while filling their forms.

L-R: Past President, Nigerian Institute of Quantity Surveyors, Alhaji Abdul-Kadir Kao; Member, House of Representatives, Hon. Kamil Ajibola; President, NIQS, Mr. Murtala Aliyu and Osun State Governor Rauf Aregbesola, during a two-day international workshop of the institute in Osogbo, at the weekend.

Tight security as national confab begins CONTINUED FROM PAGE 6

shal issues on the wellbeing of their people. He asked the Ijaw delegates to consult widely and work in synergy with the INC and other relevant bodies in Ijawland to enable them to deliver on their mandate. In a related development, a Federal High Court sitting in Abuja has summoned the Federal Government to appear before it tomorrow to defend the legality of the conference or risk an order stopping it. The court, in a summons, issued on President Jonathan through the Office of the Attorney-Gener-

al of the Federation, AGF, Mr. Mohammed Adoke (SAN), gave the President the liberty to either appear in person or through counsel. The leadership of the two chambers of National Assembly, which was also sued as nominal parties in the matter, was also asked to appear in court tomorrow. The court summons were issued on the parties after the Judge, Justice Abdul Kafarati, rejected an invitation to issue an order ex parte stopping the conference pending determination of the suit. Human rights activist and constitutional lawyer,

Dr. Tunji Abayomi, had on March 4, approached the court, begging it to issue an order stopping the Federal Government from holding the national conference. Abayomi is contending that President Goodluck Jonathan does not have the powers to unilaterally convoke the conference without seeking the consent of the National Assembly. He also argued that the Presidency could not use state funds running into billions of naira to execute a project not backed by law. The originating summons was accompanied by an affidavit deposed

to by Mr. Patrick Bisong, a litigation clerk in the office of the plaintiff. He averred that the Federal Government had planned to spend billions of naira to fund the conference despite the absence of any law enabling the President to convoke the conference. The lawyer prayed the court to restrain the Federal Government from going ahead with the conference, adding that if not restrained, billions of tax payers’ money would be spent unconstitutionally. Counsels to the parties are expected to meet in court tomorrow.


National Mirror www.nationalmirroronline.net

Views

Monday, March 17, 2014

15

Reflections on Nigeria’s Centenary Anniversary Mirror of the moment ABDUL-WAREES A SOLANKE korewarith@yahoo.com, 08090585723 (SMS only)

T

his year marking our century as a nation should ordinarily calls for celebration. It should give us the reason to be jubilating as we commemorate the labours of our heroes past, the glory of our land; relishing in the richness of our history, in the diversity of our culture, and the strength in our unity. The celebration should give us hope that when tomorrow comes, we Nigerians will be in the joy of survival, and hope for a brighter, rewarding and more glorious future. But as we reach and mark this milestone, we should also ask why our journey has been so slow and tortuous. We should ask why we had to bear grave costs of managing our unexplored opportunities and potentials, of unfulfilled dreams and aspirations. When shall we reach our land of promise? When will our search for peace, concord, harmony and progress yield the desired dividend of development? These are the valid questions and issues in our national aspiration 100 years after the 1914 marriage of the North and the South perfected by foreigners.

For me, writing on the dark sides of our land is painful; but it also reinforces my hope of our survival and unity, despite our odious past, recent traumatic experiences, and daunting contemporary challenges. Familiar with our context and realities, we can capture the situation of our dear Nigeria, painfully yet vividly, but it’s wasteful, self pity, an exercise in self-immolation. The best we can do is to raise valid, fundamental questions promote debates, seek solutions to and mobilize together to heal our malaise and festering wounds. In short the resolution train can’t wait further. In this season of celebration therefore, we need to ask who are we? Where were we? And from where are we coming; how did we get here and why did we take this route? We are not a nation without past, without history, without heritage, without values or without aspirations. Our history and heritage are rich and compelling for robust discourse and appreciation. We are a nation of unimaginable abundance, a people most cultured. Our land may have been a theatre of slave raids, of colonial intrigues and western interests, but we have been significantly enriched by these historical experiences. We were never complacent to colonial rule, nor were we entirely assimilated into the European culture. We had our system of government, which made it impossible for the colonialists to unilaterally impose their will on our peoples. They could not rule us directly, but have to fall back on our indigenous leadership they call it indirect rule - to achieve their admin-

BEFORE TOMORROW COMES, WE MUST COMMIT OURSELVES TO A NEW BEGINNING, WE MUST RETURN TO THE GOAL OF BUILDING A STRONG INDIVISIBLE AND INDISSOLUBLE NATION istrative goals. And our forefathers struggled to liberate our land from the colonial shackles. We had leadership that commanded respect and acceptance in our liberation struggle. Our forefathers stood tall before the ‘oyinbos’ to negotiate our independence. Those who claimed we got our independence on a platter of gold were only being uncharitable to the sagacity of our founding fathers and shortsighted in their appreciation of the labour of our heroes past. How can we discount the inspiration of men like Ladipo Solanke, who in the early days of our nationalist struggles as the president of West African Students Union in Britain, was a guiding light in our nationalist struggle. Our forefathers, conscripted into the two world wars, came back to demystify the white man. Our patriots, who went to study abroad, did not just return with the Golden Fleece, they also came with robust ideas on our “path to freedom”. Our patriots, who served the white, did not serve blindly. The great Ziks of Africa, Herbert

Macaulays, Obafemi Awolowos, Saad Zungurus, Aminu Kanos, Anthony Enahoros, and the Ahmadu Bellos were great anti-colonial warriors; some were very chivalrous pen wielders assaulting the colonial government with their poisonous, powerful pens, taking to the soapbox venomously spitting fire against the impostors. The 1940s and 1950s were particularly politically vibrant in our history as the colonial government, deceptively called the home government, had to bend in a wave of politico-constitutional reengineering, despite possessing the power of force to accede to the genuine demands of our founding fathers. If other nations went into their wars of liberation with their leaders wasting their people’s blood, our founding fathers were sagacious and strategic to use their intellect and ideas to bring the colonialists to their knees, and save us the trauma of large scale bloodletting. We will only be unjust to the memories of these heroes if we allow our nation to slip into all facets of neo-colonialism. Before tomorrow comes, we must commit ourselves to a new beginning, we must return to the goal of building a strong indivisible and indissoluble nation, where though tribes and tongues may differ, we will remain standing in brotherhood. We must re-dedicate ourselves to our pact of serving this nation with all our strength, and defending her unity. Nigeria will survive, Insha Allah. Solanke is Chief Strategy Officer and Head Training Centre, Voice of Nigeria Lagos.

Jimoh Ibrahim: A leading inspirational entrepreneur EMMANUEL AYOMIDE-PRAISE

N

igeria is blessed with many outstanding entrepreneurs, who own multi-billion dollar conglomerates and collectively employ thousands of Nigerians. This way, they immensely contribute to the nation’s economic development. Notable among this are Alhaji Aliko Dangote, founder and chairman of the Dangote Group, which holds large-scale interests in the commodities, agriculture, real estate and petroleum sub-sectors of our economy, and is now ranked by Forbes magazine as Africa’s richest man with a net-worth of US$20.8 billion, as at November 2013; Otunba Mike Adenuga, the telecommunications magnate whose operations now span across the West African hub and is worth $4.3 billion, as of March 2013; and there is the youthful Femi Otedola, founder and CEO of Forte Oil Plc, who was credited by Forbes in 2009 with a net-worth of US$1.2 billion. However, among this enviable lot, none is as inspiring for me, as Jimoh Ibrahim, the 47-year-old lawyer turned oil baron from Ondo State, who himself is now said to be worth some hundreds of millions of dollars, and is the founder of the Energy Group, which has interests in insurance, hospitality, oil and gas, media, banking and finance, and education sectors in West Africa, Europe, Middle East and America.

ONE WISH FROM ME TO HIM: GIVE BACK TO SOCIETY THAT HAS RICHLY BLESSED YOU Unlike Dangote or Otedola, Ibrahim is a man who had a humble beginning as he was born without a silver spoon and came from a very rough background with a lot of deprivation in his growing up days. Reportedly from a polygamous family, Ibrahim managed to, against all odds, obtain admission into the University of Ife, now Obafemi Awolowo University graduated with a law degree in 1991. He capped it with Master’s degrees in Public Administration and International Taxation from OAU and Harvard University, USA respectively. However, what he lacked in early start opportunities he made up with an intense desire, hunger and strong conviction to become successful in life. The story of this great entrepreneur is one that every young Nigerian and aspiring entrepreneur must pay close attention to as it could serve as the much needed inspiration to giant strides in business as well as great accomplishments in life. After qualifying as a lawyer, Ibrahim saw that waiting to acquire working experience as an attorney by interning at an established law firm, as is common practice amongst many young

lawyers in Nigeria today, could take many years, so he decided to specialize on taxation, which was an area of interest to him during his undergraduate days and even the subject of some of his dissertation papers. As a recognition of his taxation expertise, he was at one time a consultant to the Federal Government of Nigeria on petroleum tax payment, collection and monitoring; member, Federation Accounts Allocation Committee; consultant to the IMF on tax reforms in Croatia and Lithuania and also a key member of the team that designed tax reform for the state of Bangladesh. With this wealth of information on the practice of taxation in Nigeria, Ibrahim, unlike many fresh university graduates in Nigeria, some of whom believe securing a paid employment first after graduating from school could be the only way to charting a successful future, set out by conducting trainings and workshops on taxation for local and state governments and later the FG, becoming in the process a nationally acclaimed tax consultant. Needless to say that by the time he turned 30, while some of his peers may still have been searching for jobs, Jimoh Ibrahim was already a multi-millionaire! So when he decided to set up his conglomerate in 2003, after failing in his attempt to become the governor of Ondo State on the platform of the old All People’s Party (APP), he was well armed with a rich experience of how business

works in Nigeria, how government policy is formulated and implemented, and how to raise sufficient capital to start a business. Looking at the phenomenal growth of some of Mr. Ibrahim’s business ventures, one is keen to note some of the principles which he has imbibed and contributed in no small measure to the growth of those businesses today. Some of these include sound financial management, persistence, short, medium and long-term planning, effective utilization of credit as well as prompt repayment of such credit when taken. I must also add, unquenchable thirst for knowledge, which is why he is credited with having one of the best stocked private libraries in Nigeria today. One wish from me to him: Give back to society that has richly blessed you. He should follow the examples of Bill Gates and John D Rockefeller by setting up a foundation with which to help the less privileged. God will preserve you for mankind. Ayomide-Praise, eapgold@gmail. com, wrote from Lagos. Send your views by mail or sms to PMB 10001, Ikoyi, or our Email: mail@ nationalmirroronline.net mirrorlagos@ yahoo.com or 08164966858 (SMS only). The Editor reserves the right to edit and reject views or photographs. Pseudonyms may be used but must be clearly marked as such.


16

Editorial

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

All the Facts, All the Sides A PUBLICATION OF GLOBAL MEDIA MIRROR LTD BARRISTER JIMOH IBRAHIM, OFR „ PUBLISHER

KAFILAT OGBARA

„

MANAGING DIRECTOR/CEO

BANKOLE MAKINDE

„

DEPUTY MD/CEO

SEYI FASUGBA

„

DAILY EDITOR

GBEMI OLUJOBI

„

SATURDAY EDITOR

KAYODE FASUA

„

ACTING EDITOR, SUNDAY

AYO OLESIN

GENERAL EDITOR

BEN MEMULETIWON

GENERAL EDITOR

DOZIE OKEBALAMA

„

COORDINATOR, EDITORIAL BOARD

CALLISTUS OKE

„

EDITORIAL PAGE EDITOR

ISE-OLUWA IGE

„

ABUJA BUREAU CHIEF

FIDELIS LEMCHI OWOAMANAM

„

REGIONAL DIRECTOR, S/SOUTH

KING ODODORU

„

HEAD, GRAPHICS

Enhancing national fiscal responsibility T he Ekiti State governor, Dr. Kayode Fayemi, recently raised issues on the fiscal and financial management of the nation’s resources, drawing attention to the growing depletion of funds in the Federation Account. Fayemi lamented on the floor of the Ekiti State House of Assembly that the development has created huge financial burdens for state governments. He also critiqued the fiscal propriety of certain deductions being made from oil earnings before the balance is remitted into the Federation Account. The governor stated that about N4.92 trillion had not been remitted into the Federation Account in three years, imploring the Supreme Court to expedite actions on all pending cases bordering on such illegal deductions. The Federation Account remittance question has been a vexatious issue between the federal and state governments. There have been lingering contestations on revenue sharing between these two tiers of government. The resultant politics of revenue sharing has fostered continuous struggles on which tier of government should appropriate a greater share of the nation’s resources. Indeed, the federating units are critical of the concentration of resources at the centre, which is the case presently. The component units

insist on the devolution of greater responsibilities and resources to them with a view to evolving a balanced federation. Critics also argue that the concentration of responsibilities and resources at the centre has led to the erosion of coordinate status and relationship between the FG and the federating units. The de-federalizing impact has made the federating units as somewhat subordinates to the centre. The 1981 case between the defunct Bendel State Government and Alhaji Shehu Shagari-led Federal Government was occasioned by a dispute on revenue allocation formula. Till date, the contentious nature of revenue sharing in the land has not abated. It has continued to undermine inter-government relations. The recent Governor Babatunde Fashola’s criticism of one per cent deduction from monthly statutory allocation to Lagos State equally underscores the contentious nature of revenue sharing in the country. Fashola had threatened to sue the FG on the deduction. Yet the concept of Federation Account, we dare say, is an anathema in a federal state. The federating units ought to control their resources and pay royalties to the centre as was the experience in the First Republic until the military turned the nation into a unitary state after the first 1966 coup.

IT IS HIGH TIME THE RELEVANT AUTHORITIES

ARRESTED THE VULNERABILITY OF

NIGERIA’S OIL-

BASED ECONOMY TO PRICE SHOCKS AND FLUCTUATIONS The management of the Federation Account by the centre gives it leverage to alter the balance in its favour. The foregoing also strongly suggests government’s emphasis on revenue sharing as opposed to revenue mobilization. Crude oil, which is the mainstay of Nigeria’s economy, is a dwindling resource. It is subject to price fluctuations as well. Therefore, it has become absolutely necessary to diversify the nation’s economy, develop alternative revenue sources and foster autonomous federating units. The federal system in Nigeria will not be enhanced through the heavy dependence of federating units on the centre. The huge resources at the federal level have created a somewhat unitary system and perversion of federal principles in the country. Indeed, the crisis is occasioned by revenue sharing points at the federalist hypocrisy in Nigeria.

ON THIS DAY March 17, 2000 About 530 members of the Ugandan cult Movement for the Restoration of the Ten Commandments of God died in a fire, considered to be a mass murder or suicide orchestrated by leaders of the cult. Elsewhere, another 248 members were later found dead. The movement was a breakaway religious movement from the Roman Catholic Church founded by Credonia Mwerinde, Joseph Kibweteere and Bee Tait in Uganda.

Letters tothe theEditor Editor Letters to

March 17, 2003 Secretary of State for Foreign and Commonwealth Affairs, Robin Cook, resigned from the British Cabinet in disagreement with government plans for the 2003 invasion of Iraq. Robert Finlayson “Robin” Cook (February 28, 1946 – August 6, 2005) was a British Labour Party politician, who was the Member of Parliament (MP) for Livingston from 1983 until his death, and served in the Cabinet as Foreign Secretary from 1997 to 2001.

More specifically, the imbalance in federal fiscal relations has often heightened centrifugal forces that undermine the country’s stability. Consequently, the forthcoming national conference on the national question should address the distortions in fiscal relations in the country. It is imperative to reduce the constitutional responsibilities of the FG, and a concomitant reduction in its share of the nation’s revenue. The federating units are the building blocks in a federal state. They should earn more resources for development. The absence of growth or development in the federating units is worrisome; and might eventually occasion their demise. It is important to re-federalize the polity in a sense that balances the federal system, engender coordinate relations between the centre and units and reverse the de-federalizing tendencies in the polity. We are firmly on the side of the re- structuring of the country’s federal architecture and the re-cultivation of federal principles. Efficiently managing the country’s oil wealth is very crucial in order to develop fiscal buffers that can withstand external shocks. Again, it is high time the relevant authorities arrested the vulnerability of Nigeria’s oilbased economy to price shocks and fluctuations that undermine economic planning and development, through the diversification of the country’s income sources.

x March 17, 2013 The largest meteorite (since NASA started observing the moon in 2005) hit the moon. A meteorite is a solid piece of debris, from such sources as asteroids or comets, which originates in outer space and survives its impact with the Earth’s surface. When a meteoroid enters the atmosphere, friction, pressure, and chemical interactions with the atmospheric gases cause it to heat up and radiate energy, thus forming a fireball, also known as a shooting star.


A2 18

Business Courage

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

Cover

Months after the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), completed its work on a draft new revenue sharing formula for the country, there are fears that the Federal Government may not be too disposed to the new formula that would alter the current system, no thanks to the increasingly dwindling earnings By Tola Akinmutimi, Abuja

F

or millions of Nigerians whose agitations for constitutional redefinition of the current concept of fiscal federalism have been on for years, the recent completion of the arduous task of reviewing the obsolete revenue formula by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has come as a hope in view of the socio-economic and political promises of the new formula for all. The RMAFC had before finalising its report which is yet to be accepted by the Presidency taken up the responsibility of doing its job with a caring mien of a midwife and painstaking attitude of medical doctors trying to analyse the detailed results of laboratory diagnosis of an ailment, criss-crossing the country’s geo-political landscape in the efforts to ‘birth a new fiscal baby’ loved by all in all assessment parameters. Even when details of the Commission’s findings and recommendations are not yet in the public domain, the Chairman of the Commission, Engr Elias Mbam, had assured Nigerians that the lapses of the old formula would be fixed as the new revenue sharing regime would offer a promising template for fair, just and equitable distribution of revenues to all tiers of government and revenue generation communities. Specifically, the RMAFC said its prescription would not only serve the needs of the people but also encourage the three tiers of government to optimise their in-

ternally generated revenue (IGR) potentials and promote fairness, justice and transparency in the administration of revenue distributions for sustainable national development. Expectedly therefore, the journey has, like others with transformational intent to change an old, discredited system, been tortuous and energy sapping as the RMAFC team trudged on carefully, mindful of the political bobby traps along its path, to successfully fulfil its mandate of fashioning a new revenue allocation regime for the country. In fact, Engr Mbam and his team have remained, like sportsmen aiming for the highest prizes of their national callings, focused at the end of the journey in mind rather than being distracted by cacophonic ethno-centric ‘noises’ that have featured as the debates on the exercise rage on. The question that could be asked here is: What are the three tiers of government actually looking forward to seeing in the new formula? If the comments or expectations of the State Governors and Local Government Chairmen are anything to go by, then the report should reflect a major structural adjustments of the current formula which gives the Federal Government the lion share of 52.8 per cent in such a way that sub-national governments should now take more at the expense of the central government. However, the brutal fact is that using just mere figures as the primary parameter for determining which tier of government gets what may be tantamount to viewing the ongoing exercise, particularly based on

President Goodluck Jonathan

the complexities of the issues involved, from a myopic prism. As public finance analysts have continued to maintain, emerging developments in fiscal studies from a global perspective and experiences in fiscal management clearly show that development is not totally based on the quantum of money available to any organisation or country but how well available revenues are managed for the purposes of creating wealth. Yes, a holistically restructured revenue formula in favour of the states and local governments may be desirable but laying a stronger fiscal foundation for developments at subnational levels that will promote productive activities and create jobs would require more than the monthly allocations at the centre. It may be logical to predict that although the states and local governments may be looking forward to a new holistically restructured allocation formula that would make them get more revenues from the Federation Account, the truth is that their expectations may not be totally met if the comments of the RMAFC in recent times are used to project what eventually would come as the new allocation formula. For instance, at a 3-Day multi-agency meeting convened in Abuja to advise the Com-

mission on the weight to be assigned to different geographical terrains in the new revenue formula, Engr Mbam disclosed that the Terrain Principle would be used, amongst other criteria, to determine which tier of government gets what and why. The Commission had in 2007 requested the Office of the Surveyor-General of the Federation to carry out a survey on terrain types of all states and local governments to enable it apply the terrain factor as stipulated in the subsisting Act. Mbam reiterated the commission’s quest to ensure fair and equitable implementation of all factors under the horizontal revenue formula. Under the proposed formula, it was reliably gathered that the entire country had been classified into three different geographical terrains namely, the wetland dominated by rivers and valleys; the highland dominated

by hills and mountains, and the plain land for the purpose of the new revenue formula. Similarly, it was also proposed then that terrain, as a factor for the revenue formula, will carry a weight of five per cent in the horizontal sharing formula, which stipulates the plan for sharing revenue among the states, while the vertical sharing formula stipulates the plan for sharing revenue among the three tiers of government. The factors that determine what each state gets from the Federation Account include population, principle of equality, Internally Generated Revenue, landmass and social development factors. In the current revenue formula, IGR weighs 10 per cent; population, 30 per cent; principle of equality, 40 per cent; landmass, 10 per cent; and social development factors, 10 per cent. These weights will be re-

Business Courage A Publication of GLOBAL MEDIA MIRROR LTD BARRISTER JIMOH IBRAHIM, OFR Š PUBLISHER SEMIU SALAMI

Š EDITOR

ADEJUWON OSUNNUYI EMMANUEL OGBONNAYA

Š STAFF WRITER Š REPORTER

SEYI OKUMODI

Š SENIOR GRAPHIC ARTIST


National Mirror www.nationalmirroronline.net

Okonjo-Iweala, Finance Minister

Mbam

valued in the new formula. Another issue the Commission has also consistently maintained is that imbibing a new culture of in-ward looking productive approach in development planning and implementation by political office holders at the sub-national level remains the only viable option for ensuring broad-based development at the grassroots. This fact had been well canvassed by Mbam in the series of the Commissions’ Zonal Advocacy Workshops on Economic Diversification and Enhanced Revenue Generation across the six geopolitical zones held up till the end of 2013 as part of the new revenue sharing grassroots awareness campaigns. For instance, the RMAFC boss had at the Abakaliki, South-East Zonal Campaign stated that “at present, oil and gas resources drive the nation’s economy, these hydrocarbon resources are exhaustible, nonrenewable and vulnerable to international price volatility and politics. Therefore, we must diversify in order to ensure sustainable means of funding our national development and reduce the over-dependence on oil and gas revenue”. After two years into the highly enervating and rigorous exercise, the Commission after its two-week Retreat which ended on December 7, 2013

Business Courage

Monday, March 17, 2014

in Tinapa, Cross River State, unanimously adopted the draft Report by its members. The Chairman, Public Affairs and Communication Committee (PAAC) of the Commission, Ambassador Zubairu Dada, who spoke on the adoption of the Report explained that the last time the revenue allocation formula was generally reviewed was in 1992, adding that the current revenue allocation formula arose from the Modification Order issued by former President Olusegun Obasanjo in May 2002, amended in July 2002, and January 2004 respectively. He said that the “The Order which emanated from the Supreme Court Judgment of April 5, 2002 was to bring the relevant sections of the subsisting Allocation of Revenue(Federation Account, etc) Act, in conformity with the provisions of the 1999 Constitution (As Amended) of the Federal Republic of Nigeria. “It was therefore necessary to review the present revenue allocation formula to reflect changing realities and the yearnings and aspirations of Nigerians”, Dada added. According to him, the need for distributive justice, fairness and equity in the allocation of resources as enshrined in the 1999 Constitution guided the review exercise and that the basic principles taken into

cognizance by members before finalising the Report include, the indivisibility of the country, public opinion and weighted constitutional responsibilities and functions of the three levels of government. Section 162(2) and Paragraph 32(b) Part 1 of the Third Schedule of the 1999 Constitution empowers the Commission to review and submit a Proposal on the Revenue Allocation Formula to the President who shall table same before the National Assembly for determination. But more than two months after the Commission finished its work, there are no signs that the Presidency is in a hurry to host the RMAFC at the Villa to get the Report of the Committee formally delivered to it. A top official of the Commission had confided in our correspondent that there were indications that the Committee would have to wait until the passage of the 2014 Appropriation Bill before the Presidency will give the members appointment to deliver the Report. What this implies is that initial hope by the Chairman and other members of the Committee that the report would be legislated upon and make the new formula operational effective 2014 may have been dashed. This position derives largely from the socio-political agenda may in the months ahead push

issues of fiscal efficiency to the background in political and legislative discourses as the 2015 elections draw closer by the day. The experience with the Petroleum Industry Bill (PIB) which has been at the National Assembly for several years without any political solution to its contents may be used to predict what will become the fate of proposed Revenue Allocation Bill when eventually the Presidency forward it to the Legislature, especially in view of the highly sensitive political implications it portends for the current fiscal federalism that the country runs. Curiously, investigations by our correspondent mid-way into the exercise and the findings of which have not been altered till now revealed that although the Federal Government had initially given a tacit endorsement to the adjustment of the old lopsided revenue sharing formula, latest position of the government appeared to have changed, due to recent revenue generation challenges it is contending with. With the drawing down of the foreign reserves by over $10 billion within one year, the near complete depletion of the Excess Crude Account (ECA) from about $12 billion in 2012 to an all time low of about $2.5 billion as the end of February and

A3 19

the burgeoning cost of administration and widening deficit financing gap, the signals are all there that the Federal Government may have tacitly withdrawn its support for an adjusted revenue formula, at least in the short run. A source close to top government officials confirmed that even though the executive did not make any comment that would suggest that it is against the exercise, musings at the highest corridors of power are that if the old formula is tampered with the huge loss of revenues from crude oil exports, it might spell fiscal doom for the Federal Government. “The revenue sharing formula remains of the major fiscal measures that require special approach in adopting in view of what it means to the political economy. If you understand what is going on now between some of the states over the issue of loss of oil wells, you will know what it means to change the formula even by the slightest percentage. “For the Federal Government that has been battling with deficit financing for years in the face of more needs for funds now to attend to so many responsibilities, particularly capital projects execution, the idea is good but not totally desirable now. The Federal Government is in a dilemma on the issue. “If it decides to give all the necessary push and make the new formula come out as early as people would want, it will indirectly be hurting itself. This will mean losing more money to the States and Local Governments even when it hadn’t enough in its kitty to spend. So, this will now make you understand why the Federal Government may not be too enthusiastic about changing the old formula”, the source said It is quite clear from the analysis above that even when RMAFC has delivered on its mandate, political and fiscal exigencies of the moment may make early implementation of its proposed formula practically impossible. As some analysts are already musing, at best the adoption and legislation of the proposed fiscal policy instrument may be among the few issues that may come after the titanic battles for political offices in 2015 may have been won and lost and the victorious ‘warlords’ would use it as a political weapon to cool frayed nerves at the grassroots BC


A4 20

Business Courage

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

News

L-R: Temitayo Olutoye, Senior Technical Assistant to the MD, Keystone Bank; Abosede Olusola Ogunkoya, School improvement Officer, SUBEB, Lagos State; Dike Caroline, Head Teacher, Dodan Barracks Primary School; Shehu Karanga Muhammad, executive director, Corporate, Investment banking & International Banking, Keystone bank, and Omobolanle Osotule, Head Brand Management, Keystone bank, at the bank’s global money week, financial literacy day in Lagos

Oduoza UBA CEO calls for financially smart kids

T

he Group Managing Director of United Bank for Africa (UBA) Plc, Phillips Oduoza, has called on parents to ensure that their children become financially smart at an early age, stressing that “Financially smart kids will become financially smart and wealthier adults.” Oduoza who gave the advice while lecturing students of Crowther Memorial College , Lokoja, Kogi State , financial literacy skills, took students through the basics of savings, budgeting, pensions, insurance and investments. “When we were growing up, no one thought us about money. We were thought biology, physics chemistry, economics, but nothing about money. Yet we all grow up realizing money is something we have to deal with everyday. That is why the Banker’s Committee, with the Central Bank of Nigeria decided to embark on this initiative.” Oduoza said. The UBA boss also explained that the decided to come all the way to Lokoja to carry out its financial literacy training because it realizes such education should not be restricted to students in the big cities only. He advised the students to take an interest in knowing about money as it will make them better adults in future. Also speaking at the occasion, Captain Idris Wada, the Governor of Kogi State,

commended Oduoza for taking time off his very busy schedule to personally come to teach the students financial literacy skills and commended UBA, the CBN and the Bankers Committee for taking on the initiative of introducing students to financial concepts. “There is no doubt that this initiative will create a generation of adults who will have a better understanding of money, how to make money and most importantly, how to manage it.” The Governor said. The governor explained that he personally attended the training because of the priority his government places on education. “As a government, we have three priorities; education, education, education.” He also commended UBA for selecting Lokoja, “Nigeria’s historic capital,” to host the event. He disclosed that UBA’s contribution to education development in the state has been significant and called on

other financial institutions in the state to contribute to the economic development of the state He noted that what the UBA is doing will make children better managers of money in future and contribute to economic development. Earlier, Ijeoma Aso, the MD/CEO, UBA Foundation, donated several copies of literature books to Crowther Memorial College under the UBA Foundation Read Africa Initiative. She asked the students to ensure that they read at least one book a month, so that they will read a minimum of 12 books in a year. Grace Elebiyo, Kogi State commissioner education, commended UBA for coming to the school to educate the children on financial issues adding that the initiative will have a long term impact on the well being of the students in future. She advised that the students to imbibe the culture of savings and investing at an early age, even as she called on the bank to spread financial literacy education to all schools in the state so that more students will be exposed to financial knowledge while requesting that UBA collaborate with the State in developing a financial literacy curriculum for schools.

some local government areas, and urged the Federal Government to inspect the sites for possible exploration. The Managing Director of Imo State Oil Producing Area Development Commission (ISOPADEC), Dr Henry Okoro, who disclosed this in Owerri said the areas are Oru East and West, Ngor-Opkala and Obowo Local Government. He said if the oil discovered was utilised, it would afford the state an opportunity of becoming a front runner among the oil producing states in the country. ``We have enough raw materials here in Imo which is capable of increasing the Internally Generated Revenue of the nation. ``The Federal Government should come now and inspect these areas for possible exploration, because I know that a lot of oil companies will want to invest,’’ he said. Dr. Okoro said the commission had no powers to begin exploration in the areas, and stressed the need for the Federal Government to act fast. Okoro said that the recent discovery would also fast track Federal Government’s presence as well as boost development of the state. He also noted that about 3,000 youths from the state had been empowered through the ``Youth Empowerment Trust Fund’’ an initiative of the state government. According to him, ISOPADEC has intensified plans to partner with some American experts to train youths on mechanised farming system. Okoro promised that the commission would continue to roll out empowerment programmes both for the youth and women in the state. He said the commission had also commenced the con-

T

he Imo Government said it discovered crude oil in

Ishaku

FG inaugurates 40 houses for Niger Delta community

T

he Supervising Minister of Niger Delta, Darius Ishaku, has inaugurated 40 houses in Umuagwo community, Ohaji-Egbema Local Government, Imo. Ishaku said the houses were made up of 20 threebedroom and 20 two-bedroom apartments. He said that the Federal Government was committed to providing accessible and affordable housing units for the citizenry, calling on the community leaders to consider the widows, widowers and the physically challenged in the distribution of the houses. The traditional ruler of the community, Tony Eze, expressed the gratitude of the people to the Federal Government for the projects. He called for more of such projects in the community. “We are happy with the suggestions the minister made to consider the widows, widowers and physically challenged people in allocation of these houses. I will consult my kinsmen and get back immediately to the ministry,’’ he said.

AMCON ready to recover Tinapa’s debt

Imo discovers crude oil in some LGAs Oduoza

struction of an International Marine University, adding that it would soon be completed. This, the managing director said, would go a long way in providing education for the youth in the area.

T

Rocha Okorocha, Imo State Governor

he Asset Management Corporation of Nigeria (AMCON) plans to send representatives to Tinapa Business


National Mirror www.nationalmirroronline.net

and Leisure Resort to recover debts owed it, an official said. The AMCON spokesman, Kayode Lambo, told the News Agency of Nigeria (NAN) in Lagos that was the only way AMCON could recover the debts. The AMCON spokesman made the clarification against the background of insinuations that the agency had taken over Tinapa Business and Leisure Resort in Adiabo, Cross River. Lambo said AMCON had not taken over Tinapa and that the issue of sending representatives to Tinapa was still under discussion. The Public Relations Consultant to Tinapa, Paul Eko, had told NAN in Adiabo on Wednesday that ``there are no new developments except that AMCON had indicated interest in to bailout Tinapa. ``If you ask the Managing Director of Tinapa his views will not be different but we are set for greater heights in the coming years,’’ Eko said. AMCON had in 2013 entered into an agreement with the Cross River Government for the transfer of its controlling interest in Tinapa. The agreement allowed AMCON to buy back Tinapa’s debts of about N18.5 billion and provide about N26 billion to revitalise the resort and reposition it as a private sectordriven business enterprise. A NAN check revealed that a letter to that effect was channelled to Larry Odey, the Speaker of Cross River State House of Assembly, by the state government. Odey thereafter informed members that the letter, SSG/GSA/300VOLXV1/223, titled ``Re-approval for the transfer of controlling interest in Tinapa to AMCON’’, was a good development to the people of Cross River. Akande Bamidele, Comptroller of Customs, in-charge of Akwa- Ibom and Cross River, said companies operating in Tinapa had issued a 60-day notice that they would relocate from Tinapa. The notice, according to Bamidele, states that the companies will relocate if something urgent is not done to improve on business climate there. Bamidele, who spoke when he visited the Cross River Security Adviser, Rekpene Bassey, said that access roads and a shallow seaport were some of the challenges raised by the investors.

Business Courage

Monday, March 17, 2014

Mustafa Chike-Obi, AMCON Boss

Bassey said the state government was aware of the notice by investors at Tinapa and added that measures were being taken to address the challenges. “Tinapa is dear to us that is why we have been investing so much to keep the place going. We are doing everything to address the complaints by the traders. It requires sustained qualitative and institutional support devoid of bureaucracy to survive and flourish. “Cross River Government is working assiduously to upgrade and add value to the infrastructure and operational environment around the resort. That is why it has been handed over to AMCON to manage,’’ Bassey said.

Why we introduced new grade of cement – Dangote

D

angote Cement Plc has clarified that the reason for the introduction of the higher cement grade the 52.5N, was to offer consumers variety of choices in their quest for quality products. The clarification comes just as block makers commended the initiatives of the cement company in producing a higher grade of the product at a time the quality of cement had become an issue. Group Managing Director of the Company, Devakumar Edwin told a group of block makers who visited his office at the weekend that the new cement grade would be produced alongside the 42.5 grade, noting that Dangote Cement would not relent in the quest to sanitize the industry and rid the market of lower quality cement. According to him, the launching of the new cement

was one of the responses of Dangote Cement as a leading manufacturer of the commodity in Africa to the efforts at stemming the tide of building collapse relating to cement. The block makers said the new cement would offer cement users opportunity to choose which grade suits their construction as opposed to the former situation where a grade of cement is used for almost all constructions. They also stated that with the new 52.5N grade, the chances of substandard cement finding their ways into the market is further reduced. It would be recalled that Dangote Cement Plc at a press briefing had announced the commencement of a production of a higher grade of cement, 52.5N, being first in Africa to produce such. Edwin told newsmen the 52.5N has been a standard already in existence and that it was just that Dangote Cement decided to be producing it to add to the choices of quality cement available in the market for its consumers. Stating that the new brand is now being produced from all of its three plants in Ibese, Ogun state, Gboko, Benue state and Obajana in Kogi state, the GMD disclosed that it would sell for the same amount as the 42.5 despite that the cost of production is higher. Basking in the euphoria of the new feat, Edwin disclosed that the new cement grade, which has been certified by the Standard Organization (SON), as conforming to the requirements of NIS 444-2003 and other relevant standard institutions would be made available in all parts of the country. Edwin said that considering the inspection carried out at your factory by a team of SON officers and the outcome

Edwin

of the laboratory samples, we have been adjudged by the SON to conform to the requirements of NIS 4441:2003 and other relevant standards. He explained that the new cement could be used for all construction purposes but that it is the best for any civil construction having load bearing colum. Edwin stated that though Dangote Cement was also the first to produce the 42.5N grade earlier while other manufacturers were churning out 32.5 grade, he said that the desire to constantly research into how to improve the quality of its products necessitated the new cement grade. In his contribution, Engr. Joe Makoju, the Honorary Adviser to Aliko Dangote described the introduction of the new cement as ground breaking, saying Nigeria is now one of the best quality producers of cement in the world. “No matter the sophistication of the structure, this is the best grade for any civil construction. Dangote did not create the standard. The standard has been there, we have only blazed the trail by starting its production. Its’ good for lead bearing colums”, Makoju explained.

NIMASA partners agencies to fight maritime crimes

T

he Nigerian Maritime Administration and Safety Agency (NIMASA) says it is strengthening its relationship with other security agencies toward fighting illegal bunkering and other maritime crimes. NIMASA’s Director of Shipping Development, Capt. Warredi Enisuoh, said in Lagos at the weekend that the agency and other relevant agencies had been strengthening the relationships through the signing Memorandums of Understanding (MoUs). Enisuoh said it was necessary for all relevant agencies to collaborate to tackle the maritime security problems as no one agency could do so alone. ``The challenges with other agencies are getting minimal now because we are addressing all those challenges by

A5 21

Ziakede Akpobolokemi, NIMASA Boss

virtue of signing MoUs’ and you can see the MoUs are building up. ``As the MoU is built up, our strengths also build, as the strengths of other agencies involved. So there is no one agency that can tackle all problems and that is why we have to come together. ``We’ve been sharing information. As you know, NIMASA is a regulatory body; we also gather a lot of intelligence. However, we do not have the power to prosecute. We also do not have power of arrest. ``So we have to pass this information to those with the power of arrest and the power of detention, which is one of the biggest cooperating areas that we have ever worked on.`` He said that NIMASA had stopped many maritime crimes, adding that crimes committed at sea reduced in 2013 owing to the collaborative efforts of relevant agencies. The director said that one of the objectives of the regulatory agencies in the maritime industry was to reduce sea crime to zero level. He said that NIMASA had put in place the necessary surveillance that would enable it to achieve its target just as it acquired more boats to empower the armed forces to assist the agency in protecting the nation’s waters. Enisuoh urged the Federal Government not to relent in supporting the agency in its quest to free Nigerian ports of illegal activities.

Group calls on FG to racapitalise NITEL, Mtel

T

he Senior Staff Association of Communications, Transport and Corporations


A6 22

Business Courage

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

News (SSACTA) has called on the Federal Government to recapitalise the defunct Nigerian Telecommunications Ltd (NITEL) and its mobile arm, Mtel. The association said in a statement in Abuja at the weekend said that the recapitalisation would make the telecommunications outfits to continue to serve the nation as national carriers. In a statement signed by the President of SSACTAC, Mohammad Yunusa, and the Secretary, Chile Ekeke, the association said that it was in Nigeria’s security interest to revive the telecommunications companies for them to occupy pride of place in the telecommunications sector. SSACTA similarly, lauded the Federal Government for the unbundling of the Power Holding Company of Nigeria, saying that the unbundling would boost power supply nationwide. It urged the Federal Government to ensure that the distribution and generation companies increased and maintained steady power supply to more attract investors. The body also lauded government for the reforms in the transport sector, citing the rehabilitation of the railway system. ``As concerned workers, we support government’s sectoral reforms, including the postal and other sectors, which emphasise improved infrastructure and service delivery. ``We support the reforms as long as the reforms do not cut jobs and retrench workers,’’ the News Agency of Nigeria (NAN) quotes the statement as saying. The association, however, criticised the poor quality services being provided by telecommunications operators, calling on government to direct relevant regulatory bodies to live up to their responsibilities. It frowned at the worsening insecurity in parts of the country, advising government to adopt measures to end the insurgency in the country. The association also called for harmonious partnership between trade unions and government. SSACTAC is made up of unions from the Ministries of Communications Technology, Labour, Transport, Information and Trade and Investments.

Adenagbe said that the urgent passage of the budget was necessary because of the preparations for 2015 general elections.

Customs Seme Command generates N628.4m in February Unegbu

Experts call for quick passage of 2014 budget

S

ome financial experts have said that the delay in the passage of the 2014 Appropriation Bill could slow down economic activities this year. In separate interviews in Lagos, the experts said that the non- passage of the bill by the end of the first quarter was not good for economic development. Okechukwu Unegbu, Managing Director, Maxifund Investment & Securities in Lagos, said that it was not good for the economy to operate for long without a budget. Unegbu, a former president of the Chartered Institute of Bankers of Nigeria (CIBN), urged the legislature to urgently fine-tune the budget and pass it. He said that the budget acted as investment guide to discerning investors and operators in the various sectors of the economy. Harrison Owoh, the Managing Director, H J Trust & Investment in Lagos, advised that the budget should be passed early. According to Owoh, this is because economic activities revolve around the government as the highest spender in the economy. He said that delay in the passage of the budget could bring untold hardship to the masses and increase the rate of employment in the country. Owoh said that this situation could worsen the domestic debt as government would find it difficult to settle contractors. Sehinde Adenagbe, the Managing Director, Standard Union and Securities Ltd., Lagos, said that the development would affect the nation’s vision to be among the best economies by 2020.

T

he Seme Command of Nigeria Customs Service (NCS) has disclosed that it generated N628.4 million revenue in February. The spokesman for the command, Ernest Olottah, told the News Agency of Nigeria (NAN) in Seme that the revenue was N154.8 million lower than what was generated in January. Olottah attributed the decline in revenue generation to low business activities in February. ``In the month of February, trading activities were low because the year just started. As the year goes on, trading activities will increase and we will be able to surpass our monthly target of N1.1 billion’’ he said. He said that the command generated N8.48 billion in 2013, adding that the figure was N4.5 billion lower than the N13 billion target set for the year. Olottah assured that the command would realise the N13 billion revenue target set for it this year by the management. He said the command made 103 seizures in February, with Duty Paid Value (DPV) of N78.078 million. According to him, the items seized include cars, hard drugs, rice, vegetable oil, second hand clothes, frozen poultry products and general goods. Olottah said that the command also arrested three persons allegedly for smuggling during the period, adding

that they would be prosecuted after investigation. He urged Nigerians to desist from smuggling due to its adverse effects on the economy. “We need to realise that smuggling is not good for the economy, so we must work together to save our economy and embrace legitimate trades. ``In the course of importing and exporting any product, protocols must be observed by paying levies and duties to the Nigeria Customs Service.’’

Rauf Aregbesola, Osun State Governor

Osun to spend N2.6bn to complete Ede Water

T

he Osun Government says it will spend N2.6 billion to complete the ongoing rehabilitation of Ede Water Works. Gbenga Awojuyigbe, the General Manager of the Water Works, who made the disclosure in Ede, said that the government decided to complete the project to boost the supply of pipe-borne water to the people of the state. He said the rehabilitation of the water works would be completed within the next four months, adding that N424 million was spent in the first phase of the rehabilitation. Awojuyigbe said that 12 local government areas would be supplied with pipe borne water at the end of the rehabilitation. ``The incumbent administration in Osun is committed to the supply of potable water to every nook and crannies of the state,’’ he said.

of Nigeria (IPMAN) has assured that petrol importation would resume whenever they received payment from the ministry of finance. Aminu Abdulkadri, the National President of IPMAN, said in Lagos that marketers had not received any payment from the ministry as claimed. ``If we receive the payments before the close of work today, we will commence importation of fuel into the country immediately. ``We are financially down; no bank can lend us money when we have not paid the previous loans with accumulated interests. ``We appeal to the ministry of finance to expedite action on payment of marketers’ claims to save the country from another round of scarcity. As we speak, only NNPC can import petrol, while other marketers who are supposed to import 50 per cent are cash trapped,’’ he said. The payment is coming on the heels of complaints by IPMAN that shortage of fuel supply across the country was due the ministry’s failure to clear the outstanding subsidy arrears. IPMAN alleged that the Federal Government had not paid subsidy arrears it owed its members since September 2013. Abdulkadir said government had not paid its members for products imported since the third quarter of 2013 which forced them to stop further importation. He said that because of the situation, PMAN members now depended on products imported by the NNPC. `` There are problems of payments. The way out is for the ministry of finance to act as quickly as possible to pay our members. There is nobody that will do a job that he is not paid for and he will continue.

IPMAN assures of readiness to import petrol Abdullahi Dikko, Comptroller General of Customs

he Independent Petroleum Marketers Association

T

Abdulkadir


National Mirror www.nationalmirroronline.net

Adesina Akinwumi, Agriculture Minister

FG to commence dams rehabilitation in Kaduna State

T

he Federal Ministry of Agricultural is to rehabilitate some dams in Kaduna State to assist farmers practice dry season farming. The ministry’s state Director, Tijjani Ishaku, who disclosed this in Kaduna, said some consultants would be inspecting the dams to ascertain what was needed to rehabilitate them before next year’s planting season. He said that scarcity of water had remained one of the major challenges affecting irrigation in the state. He said that some consultants were expected from Abuja to collaborate with officials of the state Ministry of Agriculture to ascertain the level of work to be done on the dams. ``From there, we can pick the ones that we can really use for irrigation next year; but the visit is yet to commence,’’ he said. Ishaku said that dry season maize, rice and groundnut farmers were invited to discuss their challenges, and to identify where their dams were located. He identified some of the dams to in Zaria, Makarfi, Jere, Kafanchan, Hunkuyi and Ikara.

of industries in Kano, adding that privatisation of the power sector demanded that better service should be given to the consumers. “We have got additional supply from the national grid and we are expected to justify it through improved consumer satisfaction and revenue generation,” he said. Usman said that KEDC had finished a business plan to rectify all anomalies in the metering, transformer provision and even distribution of electricity supply. “There is a route sequencing exercise that is going on in Kano, Jigawa and Katsina to find out the exact number of people on our service. “Apart from giving us the qualitative need of consumers, we will also be able to give electricity to the right consumers at the right time. “There are some places that only require public electricity at a particular working hour. This will allow for proper mapping of distribution networks and placement of meters,” he added. The KEDC spokesman added that the current 200 megawatt electricity being enjoyed had boosted economic activities in Kano. He said that that most industries that were genuinely closed down due to lack of electricity had returned to business. Usman said KEDC would continue to dialogue with all stakeholders to reduce load shedding in the state.

NGO advises women entrepreneurs to explore opportunities in oil, gas

T

he NECA’s Network of Entrepreneurial Women (NNEW), a non-governmental organisation, has advised

KEDC assures Kano residents of adequate power supply

T

he Kano Electricity Distribution Company (KEDC) has assured the residents and environs of adequate power supply henceforth. Baffa Usman, the KEDC spokesman, told newsmen that the assurance was given after a sensitisation tour

Business Courage

Monday, March 17, 2014

Diete-Spiff

women entrepreneurs to utilise opportunities in the oil and gas sector to enhance their businesses. The advice was contained in a statement issued in Lagos at the weekend by Dr Josephine Diete- Spiff, the South-South Coordinator of NNEW. Diete-Spiff said that there were various business opportunities available in the sector due to the country’s Local Content Act. She said that the Act would provide employment for many people if well utilized, stressing that entrepreneurs must ensure that right structures were built around their businesses to enable them turn small businesses into multinational companies. ``With an enabling environment, the Nigerian Local Content Law will bring about change in values, employment creation, security and build a sustainable economy,’’ she said. Diete-Spiff said that many oil firms were willing to work with and support activities of women entrepreneurs. She urged them to focus on ways to add value to their businesses.

Insurance expert urges potential retirees to take up Annuity for Life policy

T

he Managing Director, LASACO Assurance, Dimeji Olona, has advised workers to take up annuity for life policy when they were due to retire from public service. Olona gave the advice in a statement in Lagos signed by the company’s Public Relations Manager, Jumoke Koleoso. Olona said that one of the advantages of annuity policy was that it took care of the basic fear of a retiree outliving his income called ‘longevity risk.’ “This risk is borne by the insurance company if the retiree lives very long. A retiree that leaves service at 60 and lives up to 90 years, annuity for life can be used to solve the financial burden at old age. “The Life Annuity authorised under the Pension Reform Act (PRA) 2004 is guaranteed for 10 years. This means that if the annuitant

A7 23

Edem Duke, Tourism Minister with a cultural group

(retirees) dies before 10 years, the balance would be paid to the named beneficiary. If he survives the guaranteed period, the annuity is payable thereafter as long as he lives,” it said. The statement said that another advantage of Annuity for Life was that the insurance company borne the investment risk and not the annuitant. Olona said that this was because a guaranteed sum was given to the annuitant regularly in spite of harsh investment climate that might be experienced by the insurance company. According to the statement, Insurance Companies and Pension Fund Administrators (PFAs) that provide the Programmed Withdrawal work harmoniously and compete in a healthy environment. Olona described PFAs and insurance companies as partners in progress, adding that they were ingredients needed for the success of the contributory pension scheme. According to him, there can be no annuity without the involvement of PFAs which are in the business of accumulating the funds to use in purchasing the annuity for life. He commended the efforts of National Insurance Commission (NAICOM), National Pension Commission (PenCom) and Lagos State Pension Commission at ensuring that the Lagos State retirees were well protected.

“Tourism investors’ forum will promote different brands”

T

he Federation of Tourism Associations of Nigeria (FTAN) has said that the 2014 Nigerian tourism investors and exhibition forum for May 27 and 28, would promote different tourism brands.

The President of FTAN, Tomi Akingbogun, said in Abuja that the forum would discuss how to develop products for potential investors. ``This particular one is aimed towards Nigerian tourism investors, we want to give those international bodies competition, and we want to develop our own brand. ``Rather than promote international brands only, now we want the Nigerian brands to be promoted. We will take them to Ghana, Gambia and South Africa. “We are developing our own brand, and we will take it to London, Dubai and everywhere. So, our intention is to develop the Nigerian tourism investors and to make our brands stronger and globally competitive,’’ he said. He said the forum was scheduled to hold at the Ladi Kwali Hall of Abuja Sheraton Hotel and Towers. Akingbogun said that it would promote Nigeria as the global tourism destination and promote its products. “It aims to be an avenue for Nigeria to highlight its tourism potential and to show the relative advantages for tourism investors,” he explained. The FTAN president said the programme would be to strengthen the relationship between tourism investors, policymakers, practitioners, products and service providers in the sector. ``The Nigeria Tourism Investors Forum and Exhibition 2014 would be an avenue to find lasting solution to tourism development problems in Nigeria, as government and the private sector would be able to dialogue on important topics,’’ he said. He said small and largescale tourism marketing companies were expected to showcase their products during the exhibitions. Akingbogun stated that foreign companies interested in the Nigerian tourism market were also expected to participate in the forum. BC


A8 24

Business Courage

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

Global News ment as letting BP “off the hook”. The company “has failed to prove that it is a responsible contractor deserving of lucrative taxpayer deals,” he said. Following the news, BP’s US-listed shares rose about one per cent in after-hours trading. Investors are hopeful that BP will now grow its important US offshore operations. John Minge, President of BP America

US lifts BP government contract ban

T

he US has lifted a ban on oil giant BP that prevented it from bidding for US government contracts. The ban was imposed after the 2010 Gulf of Mexico oil spill, caused by an explosion on BP’s Deepwater Horizon rig, which killed 11 people. The ban has been lifted after the firm agreed to a set of safety, operations and compliance requirements. As part of the agreement, BP will also drop its lawsuit against the US Environmental Protection Agency (EPA). The firm had sued the EPA after it imposed the ban for “improper statutory disqualification and suspension”. “After a lengthy negotiation, BP is pleased to have reached this resolution, which we believe to be fair and reasonable,” John Mingé, chairman of BP America Inc, said in a statement. “Today’s agreement will allow America’s largest energy investor to compete again for federal contracts and leases.” The move will allow BP to enter into new contracts with the US government, including in the Gulf of Mexico. In December, the UK government intervened in support of BP over the ban. In a court filing lodged as part of BP’s appeal against the ban, the government said the move could be “excessive” and “destabilising”. It had said that what happened to BP affected UK jobs and pensions. “It is the view of Her Majesty’s government that the EPA’s disqualification and suspension of multiple BP entities may have been excessive,” the document said. “The government is concerned that such a broad sanction can and will have serious and unjustified economic consequences.” However, Tyson Slocum, director of the campaigning group Public Citizen’s Energy Program, criticised the agree-

“It’s time to let them out from the doghouse. Let’s let them get back to work,” said Mike Breard, energy analyst with Dallas-based Hodges Capital Management.

Morrisons suffers payroll data theft

E

mployee payroll data has been stolen from supermarket chain Wm Morrison. The company said the information, which includes bank account details, has been published online and sent on a disc to a newspaper. Morrisons said its initial investigation does not point to the work of an outside hacker. The supermarket, which found out about the theft on Thursday, sought to allay shoppers’ fears by saying there had been no loss of customer data. It added that “no colleague will be financially disadvantaged”. Morrisons said the response to the theft is being led by its Chief Executive, Dalton Philips. He is working with the police and cyber crime authorities to track down the source. The firm is also undertaking an urgent review of its internal data security systems. On Thursday last week, the supermarket reported a £176m loss, and warned that profits in the coming year would be less than £375m, about half the level of last year’s.

Philips

Shares in the company fell by more than 10 per cent after that warning over profits on Thursday.

China’s CITIC shares suspended after 7 per cent decline

S

hares of China’s CITIC Bank were suspended on the Hong Kong stock exchange after a near seven per cent slide. The decline follows reports that Chinese authorities are clamping down on mobile phone payment systems. Shares of Tencent, China’s biggest internet firm, and ecommerce giant Alibaba also fell by around six per cent. CITIC had announced earlier this week that it planned to partner with the two firms to issue virtual credit cardsbased QR code payments. QR codes are bar-code like images which can be used to transmit web addresses, payment details and other information. These payments are usually made by scanning a bar code with a mobile device. According to local media, China’s central bank has pushed for a halt in QR code payments due to concerns over the security of their verification procedures. The reports come days after a Chinese official said the country is working on launching a pilot programme in creating privately-owned banks, and had mentioned that Alibaba and Tencent would be participating in the initiative.

Stolen bank cards highest since 2006

C

onsumers are being warned about a series of bank card scams, after fraud from stolen cards rose to its highest level in eight years. Cards that were lost or stolen in the UK resulted in losses of £58.9m last year, the largest figure since 2006. Losses from all types of card fraud rose by 16 per cent in 2013, to £450m. The UK Cards Association, which produced the figures, highlighted “distraction” thefts of cards as a particular problem. It warned that consumers are frequently being targeted while using their cards in shops or bars, or at cash points. Typically they will have a

bit of paper thrust in front of them, asking for directions. While they are distracted, the criminal will steal their card. Sometimes the theft is so quick that consumers will think the cash point has swallowed the card. The largest rise was in telephone and internet fraud. It rose by 22 per cent last year, to £301.1m, and now represents three-quarters of all card fraud. One reason, said the UK Cards Association, was the huge growth in online shopping, with the UK now Europe’s leading online retail economy. It said enhanced Chip and PIN security was forcing criminals to change tactics. Consumers are increasingly being tricked into handing over bank account details, as a result of so-called “vishing” attacks. Fraudsters telephone consumers, telling them a suspicious payment has been made from their account. Even though many people put the phone down, and call their bank back, the fraudsters often stay on the line. Since consumers think they are talking to their bank, they frequently give away passwords or PINs. In cases of so-called “courier fraud”, the criminals send a courier round to the victim’s address to pick up their cards. Total card fraud still amounts to less than it did in 2008, when £609m was lost.

UBS traders tried to rig key Hong Kong interest rate

T

raders at Swiss bank UBS made around 100 attempts to rig a key lending rate called Hibor, the region’s financial regulator has said. The Hong Kong Monetary Authority (HKMA) found internal chat messages which contained “change requests” between 2006 and 2009. The requests were made “with a view to rigging the Hibor fixing” HKMA said. But the regulator said it found no evidence of collusion with other banks in the region to rig the rate. Hibor stands for Hong Kong Interbank Offered Rate and is the rate at which banks lend to each other. The regulator found “material weaknesses” in UBS’s internal controls and governance in managing the Hibor

Sergio P. Ermotti, CEO of Swiss Bank UBS

submission process and “in other areas”, it said in a statement. HKMA said that it was “unacceptable” that UBS had failed to report the misconduct to authorities. In a statement, UBS said: “We are pleased that the investigation of the HKMA returned the same results as our own internal investigation - no collusion among banks and no noticeable impact on the fixing of Hibor from any conduct occurring during the period in question. “We have not been part of the HIibor fixing panel since 2010 and have taken appropriate steps to incorporate the HKMA’s suggested improvements into our operations.” However, the regulator said it was still considering whether further sanctions would be required. The investigation is the latest in a series of scandals relating to attempts to rig global interbank lending rates to have emerged since the summer of 2012 and which stretch back almost a decade. In June 2012 Britain’s Barclays Bank was fined a record £290m by both UK and US financial regulators after it admitted to attempting to rig the London interbank offered rate (Libor), ultimately leading to the resignations of the bank’s chief executive Bob Diamond and its chairman Marcus Agius. At the end of the same year UBS agreed to pay £900m to settle charges that it attempted to rig Libor, providing the first evidence the practice was more widespread than was previously known. UBS has since escaped regulatory action for helping European financial regulators in their investigation of manipulation of the Euribor Europe’s equivalent to Libor.BC


National Mirror www.nationalmirroronline.net

Monday, March 17, 2014

Business Courage

A9 25

By Adejuwon Osunnuyi

V

He is the brain behind the Vigeo Group, a company which started with marketing of corporate gift items but has evolved to be a big player in banking, oil and gas, shipping, power, marketing, hospitality and investments. He is Victor Gbolade Osibodu, a trained pharmacist who has since found attraction in other line of businesses

Osibodu

ictor Gbolade Osibodu may not be a very popular name in the realm of successful Nigerian business persons, but the impact which his chain of businesses has made in the Nigerian economy cannot be easily dismissed with a wave of hand. In fact, his wife, Olufunke, whom they both nurtured what started as a family business together, is more visible than Victor. Funke the immediate past Group Managing Director of Union Bank of Nigeria Plc and until this; she was at the defunct Merchant Banking Corporation and later, Ecobank as managing director. In all his about 59 years, Gbolade Osibodu worked as an employee for only nine years. After his first degree in pharmacy from the University of Ife, now Obafemi Awolowo, he started his working career in 1977 at the Lagos State Health Management Board. After two years in the service of Lagos State government, Osibodu moved to Boots Company Nigeria Limited in 1979 but, three years after, he moved again, this time, to Bodnat International Company and got as far as becoming the company’s Deputy Managing Director. But then, his sojourn at Bodnat lasted only four years as he decided to call it quit with the company in 1985. Interestingly, Osibodu did not resigned from Bodnat to join another company with bigger prospect like many would do. Instead, he set his foot on the path of entrepreneurial engagement. Having attained such a height in his career, within a short period, Osibodu’s decision to quit the services of Bodnat was something out of the usual. But because he has an entrepreneurial blood flowing in his veins, Osibodu took the risk and plunge himself into the world of uncertainties. Immediately after he disengaged from Bodmat, he incorporated Vigeo Limited, a multiservice organization which today is fast assuming the status of a conglomerate. He started out by marketing corporate gift items and souvenirs like calendars and exotic diaries, leveraging on the relationship with big corporate clients he had encountered while working in his previous engagements. With the near immediate successes recorded when Vigeo debuted, it may probably not be right to assume that Osibodu left Bodmat without knowing what exactly he wanted to do. No, he obviously saw a business lacuna somewhere and he quickly moved in to tap into it. Continued on pg A10


A10 26

Business Courage

Like he admitted recently, the coming of Vigeo Limited was borne out of an opportunity he garnered from working for a marketing company. “I was about 24 years old then and there was a need for promotions and we addressed it,” he recalled. “But the focus was not on what we did but how we did it. In 26 years, we have gone through eight phases and we now run what I call customer capital. That simply means the broader the clientele base, the more potential you have. The beauty is that, we have relationship with the clients,” he said. Incorporated in 1985, Vigeo Holdings Limited is a multi business enterprise with service offerings through five distinct business divisions: - Capital, Marketing and Distribution, Oil and Gas, Power and Shipping. Vigeo Group has carved a niche as a quality company, providing quality services consistently and has become more or less a household name in the corporate Nigeria. The marketing and distribution division of the Vigeo Group operates through two different platforms namely CitiServe Limited and Vigeo Marketing Management Services, VMMS. CitiServe offers ‘easier life’ services to consumers and the brand has come to be synonymous with ‘convenience,’ through Refresh and E-Distribution as its service delivery platforms. The CitiServe Refresh Services Limited, a subsidiary of Vigeo Holdings, is a unique retail distribution company which facilitates the delivery of light meal and refreshment faster to consumers through the Automated Vending Machine. This unique retail channel enables consumers to purchase light meals and or refreshment more readily and conveniently outside the traditional distribution channel. Citiserve is the pioneer and only company in Nigeria delivering drinks and or snacks to consumers through the vending process. Its vending machines have over the years established recognizable presence in critical public and private sectors such as banks, hospitals, educational institutions and airports, among others. At present, it has significant market concentration in Abuja and Lagos with plans to expand to other cities in the country. Under the E – Distribution, CitiServe Limited serves as a national service provider for the distribution of e-products and services in Nigeria with a nationwide network of partners in the 36 states, including the FCT. CitiServe Limited has, for over seven years, partnered with several service providers and operators for bulk distribution of their products in PINs through its Mobile-Point-ofSale, CMPOS, as its traditional business involved the distri-

bution of PIN-based products including airtime top-up of all GSM service providers, pay-tv top-up and exam PINs on its point-of-sales terminal, the Orange Box. Currently, CitiServe E-distribution is a player in Nigeria’s emerging e-payment market partnering with key stakeholders to provide e-payment solutions to customers at the last mile. This is done through the delivery of top-quality Pointof-Sales terminal management services to clients. The division has undergone several positive evolutions that position it as a leading terminal management service provider, which is committed to delivering payment solutions to its identified clients. It has recently upgraded this service to accept bank card payments and in collaboration with electronic switching companies, make payments at multiple locations convenient, seamless and easy. Vigeo Marketing Management Services Limited, on the other hand, is a multifunctional service provider with a variety of offerings that enable effective management of customer interface and brand building concepts, which it has delivered over the years using, ingenuity, quality and bespoke tools. “We make bold to say that, Vigeo Marketing Management Services redefined the corporate promotions industry in the country, managing events such as the Nigerian Breweries AWILO concert, the marketing of the Barcelona Olympics sales in the early 90s, developed and

Monday, March 17, 2014

introduced the robust information pages in diaries that has since been named the executive edition, classic of which is the Shadow hide Presidents Set,” he said. Vigeo Marketing Management Services’ wealth of experience over the past twenty-five years has given it the privilege to work with (and still provide services for) the top five companies in every industry in the country. Its main clients include GTBank, Nigerian Breweries, Nigerian National Petroleum Corporation, NNPC, MTN, Federal Airports Authority of Nigeria, FAAN, First Bank, Guinness Nigeria, Nigeria Liquefied Natural Gas, NLNG, Airtel, the Nigeria Ports Authority, NPA ,Union Bank, Nigerian Bottling Company, PHCN, Multilinks ,UBA, Seven Up Bottling Company, U.A.C Nigeria among others. In the capital market, the presence of Osibodu’s entrepreneurial endeavours is very visible. Through the Vigeo Capital which operates through Citi Investment Capital Ltd (Stockbrokerage Company) and Citi Asset Management Ltd (Asset Management Company), the firms have been delivering unique customer service to their clients, through a distinctive professionalism and high quality financial services with the use of ICT and Bloomberg. Citi Investment Capital Limited, CICL, a stock brokerage firm along with its sister company, Citi Asset Management Limited, CAML, an asset management/wealth and financial

services firm has not only executed various stock brokerage transactions, but also engaged in discretionary and non discretionary fund management services backed by strong research. In addition, the stock brokerage firm takes responsibility for providing and/or supervising various aspects of clients’ financial planning needs which enable it to provide them with cost effective, hassle-free personal financial planning and wealth management. Another arm of Osibodu’s business line is the V.G. Estates Limited, a real estate investment company which is involved in property acquisition, construction and project management, marketing and sales of property, off-plan real estate ventures, and property and facility management. Incorporated in 1989, the company has over the years built a strong and dynamic organization with consistent delivery of premium service in real estate investment and property acquisition in major commercial centres in Nigeria, especially in Ikoyi, Port Harcourt, Abuja and Ogun State. With its vision to be a leading luxurious accommodation provider, committed to providing professional and premium services for the satisfaction of its stakeholders, it has its focus in creating a fully integrated lifestyle development offering of international standard; residential, office and resort accommodation with the best services and technology. V.G. Estates has continued to invest to expand its market opportunities. Currently, it is developing the Vigeo Human Resources Development Centre, VHRDC, at Ilisan, Ogun State. The project being built on 65 hectares of land is expected to have provision for Golf Course, Five Star Hotel and other world class facilities. The Grand View Towers, a 15 storey building consisting of 52 palatial luxurious residential apartments in Ikoyi, Lagos, which will provide top-scale accommodation for top executives of blue chip companies, high net worth individuals and expatriates, is one of V.G Estates’ on-going projects. Also in the kitty of Osibodu’s conglomerate is the Vigeo Shipping Limited, a wholly owned Nigerian shipping company operating in the deepwater vessel segment of the Nigeria’s oil and gas sector. The company was incorporated in August 2004 with the aim of changing the face of indigenous participation in the offshore support vessel business. The company commenced operation in a Joint Venture, JV, with Farstad ASA of Norway, one of the biggest providers of deep offshore assets. This JV led to the development of VigeoFarstad with 60 per cent ownership by Vigeo. In the course of the life of the

National Mirror www.nationalmirroronline.net

JV, the company operated M/V Lady Margaret, an 8850BHP Anchor Handling Tug Supply (AHTS) and Lady Melinda, a 2750 DWT Platform Supply Vessel which were engaged by SNEPCO to support Bonga FPSO operations. In 2007, Vigeo took the decision to buy out the 40 per cent Farstad interest along with the acquisition of the vessel “Lady Margaret” now “Vigeo Olufunke.” In the power sector, Osibodu’s hand is conspicuous through Global Utilities Management Company, GUMCO, the company he established in 1999 as a utility infrastructure management company, providing services to improve the efficiency at the downstream sector of electric power industry. The company has an indepth knowledge of the country’s electricity utility sector, beginning in 2002 with participation in the PHCN Revenue Cycle Management Programme, RCM. That involvement enhanced its knowledge and competence on improving efficiency of the revenue cycle and in essence, reducing non-technical losses. With almost 10 years of collaborative engagement with PHCN, the company has accumulated an in-depth knowledge of the country’s power sector, including areas of critical needs currently inhibiting efficient delivery of power to consumers. In the last few years, GUMCO has been involved in the National Prepayment Metering Programme, NPPMP, in partnership with the Benin Electricity Distribution Company, BEDC. Services rendered by GUMCO include, Support Services for Distribution Company, DISCOs, Customer Services Management, Marketing Management Services, ICT Solutions, Payment Systems/third party payment solution and Revenue Cycle Management. It is also involved in Metering and Billing Management, Management of PPM systems, MD meter audit and maintenance, Grid Metering, Statistical Metering, Power Engineering Services, Supply and Installation of Distribution Materials, Design and Construction of Injection SubStations and Alternative Energy Solution Consultancy. In the oil and gas sector, this is another venture where Osibodu is making waves, investing in specialized assets and through the Extended Enterprise Concept (JVs), developing competences to provide a spectrum of services to the oil and gas industry. Vigeo oil and gas partners with notable organizations around the world to provide a range of specialized services/ products to its various clients in the industry with the objective of promoting skill acquisition, transfer of technology and


improving local content in the Nigerian oil and gas industry. With over a decade of operations, the company has built a strong franchise and developed quality management systems leading to the award of the ISO 9001 : 2008 certification. With a multi-skilled and multi-talented professional workforce, a strong financial base, state-of-the-art IT platform, excellent in-country logistics and a strategically located office network, the company says it is poised to maintain its track record of high quality and excellent performance. In recent time, the company has expanded its scope of business to cover a broad range of business spectrum including Steel Products, Engineering and Maintenance Services, Oil Field Services, Safety Equipment Services and Operations Support Services. In its typical trail blazing style, through its state-of-the-art service centre and investment in the steel industry, Vegio Oil and Gas has been adding value to the nation’s fledging indigenous service/manufacturing sector of the oil and gas industry in line with the principles and intent of the Nigerian Content Development Act. Vigeo Oil and Gas has continued to invest in human capital and required infrastructure and continuously expanding capacity to establish itself as a committed and competent service provider in the sector and in view, the Gulf of Guinea. Recognised for his various contributions to the nation’s economy, Osibodu was in 2000, decorated with a national merit award of the Member of the Federal Republic by former President Olusegun Obasanjo. To those close to him, Gbolade Osibodu is a stylish corporate icon who believes that “Any chief executive is meant to dress well because a lot of people look up to you. Your dress sense would dictate the kind of people you employ and how they behave after employment. In our company, we take new entrants through training which include etiquette, dressing, poise, and other subjects because we come from different backgrounds and we can’t all behave same way. There is need to imbibe new sense of decency to everyone in any organisation. If you come to work not dressed well, I would know and take the necessary steps. Your job as a business executive is to sell your products, which hinges more on how you present yourself,” he said. Osibodu has always been a suit person until lately when he decides to dorn native attires. “I still wear my suits,” he said, “But I want to be flexible now, so I go for native attire. To me, dressing should be to set an example,” he stated in a recent interview. Gbolade Osibodu clearly has

Business Courage

Monday, March 17, 2014

Osibodu

penchant for good looks, the attribute which he admit to have learnt from his late mother. “I was at Government College Ibadan, where you can’t dress shabbily and with a mother like mine, you cannot be wrong in how you look. My mother was very fashionable and it worked for me because even as a young executive, I was well dressed and was able to do things that people older than me could not achieve. I learnt long ago that you are addressed the way you are dressed,” he revealed. Aside the Vigeo Holdings, Osibodu is also on the board of several companies and banks in Nigeria including Phillips Consulting Limited, Guaranty Trust Bank Plc, Dorman Long & Amalgamated Engineering Ltd, UTC Nigeria Plc (a conglomerate). Osibodu, who is a pioneer director of the GTBank, is the Chairman of GTB Assurance Plc as well as SO & U Saatchi Ltd (a leading advertising agency). A voluntary mentor, he enjoys volunteering his time to several not-for-profit causes including serving as Country Chairman for Special Olympics Nigeria (affiliated to Special Olympics International, Washington, USA) which promotes sports among the mentally challenged, and the Fate Foundation, an NGO which focuses on promoting business and entrepreneurial development among Nigerian youth. Osibodu is Vice Chairman of Fate Foundation, a non-profit, private sector led organization created and funded by Nigeri-

In 26 years, we have gone through eight phases and we now run what I call customer capital. That simply means the broader the clientele base, the more potential you have. The beauty is that, we have relationship with the clients

ans in March 2000 and led by Fola Adeola, former Managing Director and co-founder of Guaranty Trust Bank. He also serves on the Advisory Council of the Faculty of Science of the Olabisi Onabanjo University, Ogun State. Osibodu, in his entrepreneurial strides does not see anything as a challenge. “The only challenge I could describe as one is seeing the future and planning for it. In planning for it, you build operations and less of you are there. You then

National Mirror www.nationalmirroronline.net

become a member of the team. Now as chairman, I don’t manage any business again, we have subsidiaries that do all that. My job is to know where we are going in the next five years. What are the shortfalls now? What do we need to do to improve? So, there is really no room for challenges. I worry less and I believe challenges come and go,” he explained. Osibodu is a family man who is so devoted about his family despite his tight business schedule. Being married for 27

A11 27

years is no joke, he revealed. “We are now the best of friends. We were both undergraduates at the then University of Ife, now Obafemi Awolowo University. She is a credible person and no matter how busy we both are, we carve out time for each other,” he enthused. “We are both up by 4.00am and discuss issues. We try as much as possible to have dinner together as a family. I believe you would always find time for what you want. We are both busy but we give ground to the family. Our marriage is now more of friendship and being in the corporate world together, we have so much to talk about. To have a banker as a wife is good because she would offer advice on bankable projects,” he said. “If you are a good boss at work, you would make a good husband at home. You should be able to impact what you teach at work on your children too. If you are a good wife at home, you should not be a bad boss at work. I advise women to carry their husband along in whatever career they choose because that way, he has a sense of ownership of your work,” he counselled. Osibodu is no doubt a workaholic who works round the clock and he believes that for any serious minded person, his/her career should be his/ her your life. “I have 24 hours in a day, which I spend both at work and home. It’s still the same person but different environment.” Quite instructively, Osibodu is not known to be a show-off person and this strategy, he said was deliberate. “It’s not about you, but about the corporate organisation, which you should not interfere in. The less of you in it, the more enduring it is. For many years, people thought Vigeo was a foreign company. It’s deliberate not tampering with the brand. I have always believed that you just create what you want and go for it. It’s wrong to inject yourself into any business. When you do that, it does not put pressure on the company and allows it to grow,” he said. For him, his brand should make the noise and not his image. “When you make noise about the image and not the brand, you end up taking the shine off the brand and such brands don’t outlive you,” he said. Born about 59 years ago, Osibodu, hails from Ilisan Remo in Ogun and attended Government College, Ibadan in 1968 after which he proceeded to study Pharmacy at the then University of Ife, Ile-Ife, Nigeria, now (Obafemi Awolowo University). Victor, who graduated as a pharmacist in 1977 is also an alumnus of Harvard Business School and Lagos Business School. BC


A12 28

Business Courage

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

ThebuddingEntrepreneurs

Like many entrepreneurial endeavours, Babs Olayade started his poultry business in a small way but today, by dint of hard-work and undying passion for agriculture, he has put the poultry business on the global map, making him one of the recipients of the World Bank’s agricultural intervention in Nigeria through the Commercial Agriculture Development Project (CADP) By Emmanuel Ogbonnaya

B

abs Olayade started his journey into agricultural entrepreneurship some 20 years ago at the little known Aiyedoto Poultry Farm Estate just as an ordinary registered business thriving on a small scale. He later progressed to the stage where he had to expand the poultry business into a limited liability company, through the establishment of what is today referred to as Jiyo Farms Limited, and Olayade will gladly tell anyone who cares to listen that Jiyo Farm was a product of passion and interest. He traced his interest in agro-business to the agricultural initiative of the then military governor of Lagos State, the late Gbolahan Mudashiru (retd), which introduced Garden Farming Scheme. According to him, “There

were some intensive programmes that were done during the military regime of Gbolahan Mudashiru when they established the Garden Farming Scheme where a lot of people went into farming.” “And before then, there has been Operation Feed the Nation and Green Revolution of Obasanjo and Shagari regimes, which made people to have interest by doing a backyard poultry farming or vegetable garden behind their yard. So essentially, I started as a backyard farmer,” he told Business Courage in an interview. Olayade recounts how he used to buy between 50 chicks to 100 chicks at the beginning, an endeavour which he admitted opened his eyes to the realization that poultry business is indeed, a profitable business. “With that I found out that it was a profitable venture and then decided to come over to Aiyedoto Poultry Farm Settlement as a settler.” Luckily for him, on getting to the farm settlement, he was given his own facility and pen house which enabled him to produce on a commercial level. “I was doing poultry production, rearing broiler to a marketable size and selling to poultry meat processing companies like Fashakin Foods at Anthony then, which I later combined with egg production,” he recounts. On how he was able to put together the needed finance to establish and keep the business afloat, he disclosed that it was all down to his personal effort and the assistance of some financial institutions like banks who believed in his business plan and commitment to pursue it. “We were able to access some loans from micro-finance banks but taking loan is not that okay because of the high interest rate of 25 to 28 percentages. Agricultural loan is supposed to be one digit but access to the one digit loan is not easy but the one we are taking is just to support the one we are having as a family,” he said. He is however optimistic that

in the future given the attention that agriculture is now getting as a potential business area capable of displacing crude oil as the country’s highest earner as well as the support coming from global financial institutions like the World Bank, access to loans will be much better and reliable. “My CIG and I in particular have benefited from Commercial Agriculture Development Project , CADP. In the area of production, they are there for us and in the area of packaging and marketing, they have also done well. We have benefitted nipple fitted battery cages which have saved us from a lot of problems like transmission of virus as well as boosting our production by reducing the breakages of eggs, “he said. In the area of marketing, Olayade disclosed that he had benefited greatly through the procurement of packaging and branding materials like tricycles which he said accounted for why his products are seen everywhere. “Also in the area of training and capacity building, they have really helped. We have a lot of workshops and seminars at interval. We also go on agricultural fairs to showcase our product which is a plus to me and my farm,” he said. He attended last year’s International Production and Processing Expo in USA, which he said exposed him to modern technology in poultry manage-

Olayade

Management Principles

Common investing mistakes *Following Trends – Being the bigger idiot t least since the beginning of public investment markets, there have been bubbles. Investors see the price of something increasing, and want to own that thing. Isaac Newton, the renowned physicist and at one time the head of the English mint, lost a vast sum of money in a 17th century bubble. As humans, we are all susceptible to bubble thinking. An investor thinks, “I can buy this thing and resell it to someone else after it goes up in price by a lot.” An old Wall Street saying calls this the bigger idiot strategy: it depends on there being an even bigger idiot to buy from the first investor. But, of course, the price will only go up when there are more buyers who want it at a higher price. Bubbles burst when the last buyers are found and the demand collapses. By following hot investment trends, investors are opening themselves up to being the last idiots who can only sell at a much lower price. * Not analyzing investments Investors should purchase index funds if they are unwilling to analyze individual companies or investment opportunities. For most people, their investment funds are far too important to their retirement or other life goals to gamble in the stock market. Investors who take the responsibility seriously and analyze investments may do well, but investors who are unwilling to deeply analyze investments are merely gambling with their future. These investors are practically guaranteed to do poorly, and would be better served by a simple index fund or group of index funds that would be much safer than unintelligent investing. * Not periodically reviewing investments Another common mistake is putting investments on auto pilot. Investors who are unwilling to at least periodically review their investments should put their money into index funds. Investments, especially common stocks, can rapidly change characteristics from a safe investment to a very risky one in only a few years (or even shorter). If an investor fails to periodically review his or her investment portfolio, he or she may suffer serious losses. * Sunk cost fallacy – Hoping a losing investment will come back Refusing to accept a loss is a very common mistake among all investors. Human nature and psy-

A


National Mirror www.nationalmirroronline.net

Business Courage

Monday, March 17, 2014

A13 29

ThebuddingEntrepreneurs

Olayade

ment. “I also benefited from the knowledge acquired in the conference, in the area of packaging and marketing. My egg sales have increased greatly and I also learnt about best practices in poultry keeping such as biosecurity.” Olayade said that the exposure which he has garnered through his association with the international organizations has been enormous but regretted that he may not be able to practicalise and implement all he had learnt and new information he has acquired due to the constraint of his current location. “I have also been able to identify a foreign partner that I can represent here who supplies odour control chemicals for livestock pens. I would also be representing a firm supplying packaging materials of international standards for the marketing of poultry product,” he said. The International Production

and Processing Expo represents animal agriculture, from farm to point-of-sale, combining the networking and educational resources of the American Feed Industry Association, American Meat Institute, and United States Poultry and Egg Association. It comprises of the three integrated tradeshows: International Poultry Expo, International Feed Expo, and International Meat Expo. The IPPE features the world’s largest annual gathering of industry leaders and the most comprehensive display of the latest technology, equipment, supplies, and services used by poultry, feed, and meat companies. “Prior to CADP’s intervention, Jiyo Farm used to stock 750 birds but with encouragement from CADP and with what we saw at the seminars and workshops, the stocking had increased to over 2,000, im-

chology keep us hoping that a losing investment will come back. That is the wrong reason for keeping an investment. One way to beat this thinking is for investors to consider whether they would purchase the investment they are now holding. If the answer is no, then the investor should sell the investment. There is no economic or rational difference between buying an investment with cash or holding an investment that could be turned into cash. However, human psychology creates a logical fallacy called the “sunk cost” fallacy, which is particularly dangerous in investment contexts. One result of the fallacy is that investors who fall into it keep their worst investments. Their portfolio then actually represents a bias toward their worst investment ideas. * Not diversifying A simple, common investment mistake is not diversifying. Often called the only free lunch on Wall Street, diversification ensures that an investment portfolio isn’t wiped out by some negative event. While certain negative events like global economic downturns will affect almost all investments, the effects of some negative events like earnings misses or industry obsolescence can be lessened with proper diversification, which calls for spreading investments among a number of assets with different investment features. * Over-diversifying Another investment mistake represents the opposite extreme from not diversifying: over-diversification. An investor who analyzes individual investments should take care not to spread his or her money among too many different investment ideas. At some point, the investor’s next investment idea is simply much weaker than his or her best, second best, or fifth best idea. In addition, diversification among dozens of investments will likely lead to poor analysis as an investor simply does not have time to properly analyze and research dozens of investment ideas. And such an investor will also probably fail to keep up-to-date on so many different investments, which could lead to an improperly monitored portfolio. In short, diversification is good but is not a substitute for analysis. Investors who feel unable to perform good analysis should not purchase individual investments but invest in an index fund. BC

proving the yield from 60 to 70 per cent,” he said. He also disclosed that the capacity of eggs produced in crates before the intervention was 25 but the number has now increased to 46 crates daily. There is no business that does not come with its own unique set of challenges and Olayade is well acquainted with those of poultry after so many years of living the life of a poultry farmer. “The major challenge we have is funding; poultry business is capital intensive, so we need cash to run the business but unfortunately we are not able to access loans even as those that can access it do so at very high percentage.” “Another challenge is the problem of vaccine failure; at times when birds are given vaccine and it fails farmers’ record mass mortality. Like last year, I lost over one thousand birds as a result of vaccine failure. This could be due to the handling of the vaccine or storage but it happens,” he said. Having grown his poultry business to its current level, Olayade said that his next plan is to gain market access to the major shopping malls like Shoprite and he firmly believe that with God and the support of CADP, this is possible. He also plans to acquire a state of the art cooling system to help extend the shelf lives of eggs as he notes that is another challenge confronting the poultry business in the country. “My target is to increase my production to about 100 per cent and at the same time, to capture the egg market within my region and mopping those of my co-egg producer avoiding clotting to support the one I’m producing because right now, I am the only one into marketing and marketing is enough on its own. So, I need to capture the Lagos market then move out of Lagos and start thinking of exporting,” he enthused. He appreciates the essence of the value chain growth in the poultry sector and the opportunity it throws up for investors as he explains that “All of us cannot be talking of production; someone has to talk of processing and marketing. In the aspect of processing, my CIG is working towards that as we are planning to secure de-feathering machine, storage equipment and generators for the processed birds.” Olayade is especially grateful to God and the intervention of the World Bank through the CADP initiative as he recounted his experience on a tour to Shongai farms. “Going there, I tapped a lot of innovation from them and they are the things that are helping me to boost my business in the area of production and marketing,” he said. He hopes that such and more opportunities and intervention will continue to come the way of agribusiness entrepreneurs in order to develop the sector further. BC

Personal Finance

Tips for writing good business plan

W

hether or not you are seeking financing from lenders, it is essential that you create a comprehensive, thoughtful business plan for your new company. Management of your operations, promotion of your business, and articulation of your objectives all depend on developing a good plan. Think of it as a road map for your business, helping you determine what resources you will need to make a profit. Writing your business plan forces you to think objectively about your business and you may even come up with new business strategies in the process. The plan will also serve as a record that you can revisit over time to remain on target or reassess your direction. These tips can help speed the process and make sure you end up with a powerful, realistic plan to attract investment and guide your decisions: Create a vision: It’s tempting to roll up your sleeves and plunge right in to the details of your business -- evaluating products, studying market segments, and sizing up your competition. But don’t, at least not yet. Before you get lost in the details, outline a clear vision and a coherent set of values for your company. Develop a mission statement and use it to define short-term goals and priorities. Once you have a clear, big-picture road map for your business, you can plan your journey with more confidence. Differentiate between budget and plan: You can’t create a solid business plan without a budget and financial forecast. But a budget should ultimately reflect all of the other elements in your plan. If you don’t have a clear picture of your industry, customers, competitors, and market conditions before you develop a budget, your numbers aren’t likely to reflect reality. Don’t ignore your customers: We all know the saying “The customer is always right.” This is most true when it comes to how they choose to spend their money. Too many entrepreneurs assume they know exactly what their customers need without bothering to ask. Take the time to learn about your customers, and build your business plan around their needs and desires. Don’t underestimate competitors: Don’t be cocky. If you assume your firm will be the only game in town, or if you fail to take existing competitors seriously, you’re asking for trouble. Pay attention to the competition and you won’t be unpleasantly surprised. Also, your competitors can be a great source of information about what works and what doesn’t. Be prepared to take risks: Creating a business plan isn’t about avoiding risk; it’s about understanding and managing risk. That’s why a good business plan anticipates possible challenges, as well as possible good and bad scenarios. It should also include a variety of strategies for meeting challenges and taking advantage of opportunities. Get a second opinion: Even the most experienced entrepreneurs know that they can still benefit from a different point of view. Even if you’re the only person involved in your business, find someone who can study your plan objectively and point out possible weaknesses, such as issues you might have missed, and highlight areas of strength. Expect the unexpected: Every business plan needs some wiggle room to allow for unexpected events. Part of this involves creating budgets and marketing plans with some built-in flexibility. But adapting to change also means that you might have to modify or even abandon business practices that worked well in the past. Stay nimble! BC


A14 30

Business Courage

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

With the full payment of the licensing fees by Bitflux Consortium, winner of the 2.3 GHz spectrum auction, the prospect for the full benefit of the broadband internet technology appears so close. Has the dream of Nigerians for a faster internet speed finally come? By Adejuwon Osunnuyi

T

he eagerly awaited era of a faster internet speed seems to be here at last. In a move seen to have commenced the era of providing adequate access for broadband internet connectivity in the country, Bitflux consortium which emerged the preferred bidder for the 2.3Ghz spectrum auction in a keenly contest with Globacom, the second National Carrier about three weeks ago, displayed its seriousness by paying the required sum of $23.3m (N3.63 billion) for the spectrum license as well as N155 million for the Universal Access License. The 2.3GHz spectrum is a wireless frequency band that would be deployed across the country to provide access for broadband internet connectivity. The tenure for the WWASL licence is 10 years and subject to renewal. With the Bitflux making the payment and earning the Wholesale Wireless Access Service Licence (WWASL), it has automatically become Nigeria’s Wholesale Wireless Access Service Provider. While the 2.3 GHz frequency spectrum is a wholesale spectrum, what this means is that Bitflux is not to retail it nor compete with end users, but will be bound by law to sell wholesale to smaller operators like Internet Service Providers (ISPs). The ISPs would in essence sell in retail to their customers so as to make internet service affordable to end users. Tony Ojobo, Director, Corporate Communications, Nigerian Communications Commission, NCC, confirmed that “Bitflux Communications Ltd has paid the sum of $23,251,000.00 being the winning bid at the 2.3Ghz frequency auction of 19 / 2 / 14”.

It would be recalled that NCC had threatened to transfer the coveted bid to Globacom, should Bitflux fail to pay up within the stipulated time. Shortly after the announcement of Bitflux as the winner of the auction which was widely adjudged as very transparent, the Executive Vice-Chairman of NCC, Dr. Eugene Juwah had announced that Bitflux had 14 business days to pay the $23, 250, 000 starting from the day of the auction saying that failure to pay within 14 business days, the offer would be reversed to Globacom which contested with Bitflux. According to him, aside the $23, 250, 000 payment, Bitflux would pay additional N155 million within 30 days of payment of $23, 251, 000, for a Unified Access Licence. “By virtue of Bitflux Communications Limited being the winner at the auction, the Commission is pleased to announce that in line with the provisions of the IM it has been provisionally awarded the 30 MHz frequency slot in the 2.3 GHz Band for the provision of Wholesale Wireless Access services. “Also in line with the provisions of the Information Memorandum, Bitflux Communications Limited has 14 business days from the date of the provisional award (February 19, 2014) to pay their Bid Amount less the Initial Bid Deposit (IBD) it already paid. “If Bitflux fails to pay within the allotted time, it will lose

the award, forfeit the IBD and the Commission will offer the one slot of 30 MHz frequency licence in the 2.3 GHz to Globacom Limited at its losing bid of $23,050,001 (Twenty three million, fifty thousand and one United States Dollars less the IBD it paid.” “It is after the payment of $23, 251, 000 and the additional N155 million that the NCC will issue Bitflux the 2.3GHz spectrum licence, together with a Unified Access Licence,” Juwah said. Though seen as facing an unattainable task of making the payment within two weeks given it by the NCC, being a small consortium comprising VDT Communications Ltd, Bitcom Systems Ltd and Superflux International Ltd, the payment had eventually assured many stakeholders of Bitflux’s readiness in providing access to broadband to millions of Nigerians. To them, Bitflux is just few steps away from rolling out premium broadband communications which ensures better quality, penetration and excellent customer service that Nigerians have been yearning for. Confirming its readiness to breaking the broadband jinx, according to Bitflux, though the company still had about 10 more days to pay for the operational License, but to show its seriousness, the consortium decided to make both payments at once. “This has confirmed Bit-

flux’s readiness, financial capability and commitment to lead the Nigeria broadband communication,” it said. Attributing the firm’s success at the auction to divine providence, the lead proponent in the Bitflux Consortium, Biodun Omoniyi noted that with the license in its hands, the consortium’s members are well positioned to deliver high capacity bulk broadband internet service, wholesale wireless access and bandwidth thus enabling retail internet service providers (ISPs) and other users to provide services to their subscribers in tandem with the National Broadband Plan. And basking in the euphoria of the spectrum successful bid, at the just concluded Mobile World Congress in Barcelona, Spain, Juwah did not hide his happiness as he was quick in making a fresh invitation to world class industry players on the abundant prospects for investment in the emerging Nigerian broadband landscape. According to him, the Commission has been creating enabling environment and incentives for the private sector to roll out broadband networks which he said would be a oneoff incentive for last mile to be achieved. “We are going to fast track the nation to a knowledge economy and the contributions of broadband to GDP growth will increase considerably. We have successfully completed the auction of the 2.3GHz Spec-

trum and we have outlined a number of programmes under the broadband infrastructure framework while licensing of infrastructure providers, tagged Infracos, is about to begin’, Reiterating the fact that NCC was ready to provide subsidy to simplify entry provided that such a subsidy would be on the basis of milestones achieved, according to him, the objective of the initiative is to stimulate a new national broadband network that is not only more widespread but also faster and more secure than what is available today, and to also offer efficient connectivity as well as ultra high-speed broadband services that are available, affordable and sustainable. It would be recalled that worried by the slow pace of broadband in the country, the Federal Government had set up a high level Committee to develop a broadband strategy and roadmap for the country. The committee, headed by former Executive Vice Chairman, NCC, Dr. Ernest Ndukwe and Jim Ovia Chairman, Visafone, supported by a cast of 15 core members representing various stakeholder groups in the sector, and an additional set of co-opted members, came out with the National Broadband Plan 2013 – 2018 with underscoring the strategic nature and importance of broadband for the country. Basically, the key objectives of the Nigerian National Broadband Plan have been promot-


National Mirror www.nationalmirroronline.net

Business Courage

Monday, March 17, 2014

Technotalk

A15 31

with Esther Ozue (ozueesther@nationalmirroronline.net) 08059234648 (sms only)

Younity as your personal cloud

Y

Biodun Omoniyi and Tokunbo Talabi of Bitflux

ing pervasive broadband deployment; increase broadband adoption and usage; and ensure availability of broadband services at affordable prices. With its target at transforming the key sectors of the economy such as education, agriculture, commerce, health, government services, entertainment, security, among others, the government had reiterated that under the new broadband regime, all expected to be revolutionised using high-speed Internet. The plan, aimed at strengthening fixed Internet access in the country, which is still very limited, to complement available mobile Internet services, according to the government would be driven within the scope of the 2.3GHz licensing process, expected to offer higher speed services for users. Admitting that there were a wide range of economic sectors, which needed higher speed Internet access to be competitive vis-à-vis global happenings and standards, the government noted, “the availability of broadband Internet access has the potential to contribute positively to the growth of the economy and enable investors to take advantage of the inherent growth in Internet usage in the country.” With the 2.3GHz license now in the kitty of Bitflux, a lot of government services which are admitted to be currently being stalled owing to poor Internet access in the country might soon improve. According to government, “There is a wide range of egovernment services, which need to be introduced as soon as possible. These include issuing the National Identity Cards, driving licences and registration of companies, among many others.

Juwah

“In order to introduce these services, individual departments require high-speed Internet access; so, from government quarters, there is a large latent demand for broadband access service from providers.” Harping on the opportunities of the 2.3GHz licence, the Federal Government said there was scope to offer high-speed wireless access service with the large spectrum bandwidth (30 MHz), as there was also a wide availability of devices using the band. It maintained, “The successful 2.3GHz Wholesale Wireless Access licensee will shortly be able to take advantage of the optical fibre cables that will soon be laid in metropolitan areas, which will provide affordable, wholesale transmission backhaul services through the ongoing restructuring of the broadband infrastructure market by the NCC. “This will be followed by the

eventual deployment of open access metro fibre to all the state capitals, the Federal Capital Territory and other major cities, which will open up new markets and create potential high demand for the services of the licensee by Retail Service Providers.” The wholesale broadband provider will have the required spectrum to expand wireless broadband access across the country to Internet Service Providers and other retail telecoms licensees for the provision of high-speed wireless Internet access. The NCC said the spectrum was offered on a technology neutral basis; and for roll-out of services, it intends to follow the International Telecommunication Union’s recommendation setting aside spectrum in the 2.3GHz band for the provision of wireless broadband services. On agriculture business, government said it believes that the need to check market prices and find information about the latest farming practices can be solved by Internet access. This, it described as critical owing to the fact that Nigeria is a large country of over 900,000 km square with a huge and diverse agricultural sector, and having 70 per cent of its labour force engaged in agriculture. On its consideration for entertainment, it stated that there were several industries in the sector, which would be able to develop their businesses if high speed Internet access was more widely available. “Video streaming services are constrained in Nigeria because of a lack of broadband services. Nigerian YouTube usage represents 0.1 per cent of the global total. Being able to expand this area would greatly benefit the film and television industry,” it said. BC

ounity lets you have all your files, on all your devices, all the time without syncing, planning ahead or incompatibilities of storage limits, configuration or management of any kind. Younity creates a personal cloud for all your files, built from your devices and your online services, so that all your devices work as if they were a single device. Cloud access to important files are easy with applications and services like Dropbox,Google Drive, Apple’s iCloud, or window’s sky drive. If you want to access all of your media files and large documents stored directly on your computer, you should check out iOS file streaming app and service like Younity. Younity is an easy, instant access to all types of files, but especially media libraries. Not only does your personal media management need to be maintained, but these files need to be streamed in a way that allows fast, easy access. Younity lets you have all your music playlists, HD movies, personal videos, entire photo albums and more all on each device you have, regardless of storage via Windows, Mac OS X, and iOS device. In other words, it creates the equivalent of a VPN (virtual private network) between a user’s home and office desktop PCs, laptop PCs, tablets, and smartphones. With Younity there’s no cloud storage limits to think about, If your computer(s) and iOS devices are on and connected to the internet, Younity provide access to all your files on your computer and it can even stream your movie and song files without having to download those files to your mobile devices. To use Younity you will need to download and install Younity on your iPhone and/or iPad and install the windows or OS X client on your computer. You have to also register each of your devices using your Facebook, Google, or a Younity email account. After installing the Younity desktop app, you’ll be asked to register for a Younity account. It will then scan for all the files on your computer. that it’ll automatically sort music, video and photo files that it detects, no matter how scattered all these files are across your computer. By default, it’ll pick the root directory of your computer, so you can gain access to pretty much every file on your computer. A great advantage is that your files are not uploaded or copied to any server. Instead, Younity creates an entirely personal cloud for your devices so they can be accessed remotely. Younity acts like a remote file browser and only loads the file when you open it. This means it doesn’t use up much mobile Internet data . If you need access to certain files for offline use, you can even pre-download the files you need. To download files onto the app, simply navigate to your desired document or media file and tap on the blue arrow at the bottom left corner of the screen. Select the files you want offline access to before tapping the download button. In conclusion,Younity as a free app is an awesome alternative to the mainstream cloud services and gives you even more flexibility when it comes to browsing just the files you need while on the go. Files on your computer cannot be deleted or moved with the app. One drawback is that you need your computer to stay on to when using Younity to download the files. Younity won’t let you share your content with others, who is not in your cloud ecosystem Currently Younity is available for iOS devices and computers running Windows from XP to 8 and Mac OS X from 10.6 to 10.8. BC


A16 32

Business Courage

Amkpa

GOtv re-introduces Antenna Swop Campaign Stories by Adejuwon Osunnuyi

G

Otv Nigeria says it is embarking on the re-introduction of its antenna swop campaign as part of efforts to boost its subscribers’ viewing experience. The campaign, which involves exchanging all indoor stub antennas for external UHF antennas (GOtennas), the pay TV company said, will provide its customers with an improved signal. The swop out process which will take place for a limited time only, would commence on 17 March until 23 April 2014 at MultiChoice offices, dealer and vendor outlets. Only subscribers in Ibadan, Lagos and Port Harcourt who purchased their GOtv decoders before 30 November 2012 are eligible for the swop, and no swops will be done unless the customer brings along his stub antenna, ID and IUC number. According to GOtv Nigeria, while it is exchanging stub antennas for external antennas (GOtenna) at no cost to the customer, to qualify, a GOtv subscriber will however need to renew his GOtv or GOtv Plus subscription for one month or more to receive an external UHF GOtenna, cable, brackets and connectors. The exchange does not include the installation of the GOtenna at subscriber’s home. With the external UHF GOtennas, GOtv subscribers get better reception and this means improved and stronger signal strength, uninterrupted viewing with excellent picture and sound quality and no interference from mobile phones, electronics or passing cars. “GOtv is always looking at ways to enhance the overall viewing experience for subscribers by providing them with the latest technology”, Elizabeth Amkpa, general manager GOtv stated. Encouraging GOtv subscribers to take advantage of the swop campaign so they

could enjoy uninterrupted and exciting family entertainment in the month of March, according to her, “some of the mustsee in GOtv’s programming for March are; standup comedy performances including Martin Lawrence Live: Runteldat and Eddie Murphy Raw both on Sony Entertainment Television, the Wendy Williams Show which airs weeknights on BET and not forgetting select matches of the UEFA Champions League and Barclays Premier League on SuperSport Select. Kids can also share in the fun with hit shows such as Jake and the Neverland Pirates, Nina Needs to Go and Mouk Around the World all on Disney Junior.”

Monday, March 17, 2014

mation flow results in ‘smooth sailing’ – a safe vessel and a safe crew. The project includes mesh VSAT and wireless point-tomultipoint connections for mobile terrestrial units and vessels, voice and telephony over IP, 2-way radios, mobile satellite phones, managed firewall, and WiFi. “We are taking a lead role in one of the region’s most exciting and fast-paced markets,” Jean Daniel Tragus, SkyVision Oil & Gas Director said. “As we usher in 2014, SkyVision will further extend its commitment to Nigeria’s oil and gas industry, with new partnerships, customers, and prospects. We have the tools, the knowledge and the experience to successfully meet and exceed our customers’ needs.”

SkyVision validates commitment to Nigeria Backup Networks oil & gas industry moves to empower kyVision Global Networks SLtd., a leading global com- Nigerians on IT Skills munications provider, has announced its continued commitment to the African market, in particular, in Nigeria, where the company has a strong and active local presence. For over a decade, SkyVision has focused on becoming the corporate communications ‘solution of choice’ in Nigeria, with the establishment of hubs and PoPs in Lagos and Abuja to deliver quality communications to customers nationwide. SkyVision’s growing presence in Nigeria, coupled with its vast suite of services for the country’s corporate sector and uniquely tailored end-to-end solutions pointed at the oil and gas industry, is proof of the company’s commitment to changing the face of communications in Nigeria. SkyVision’s customized solutions for the Oil & Gas sector, are recognized for their multiple benefits, including the ensured, effective business communications between onshore and offshore teams, optimized business productivity, guaranteed bandwidth necessary for real time applications, support for mission-critical business applications and the enhanced crew welfare due to the provision of reliable satellite connectivity for high-speed voice, video and data applications. The company’s recent win with SAPETRO (South Atlantic Petroleum), a leading Nigerian oil and gas upstream company, is affirmation of its continued commitment to this expanding corporate sector. The 5-year project integrates SkyVision’s voice and data solutions and services to connect SAPETRO’s offices and operational sites. With connectivity and crew safety as its number one priority, oil and gas customers understand that reliable infor-

A

leading Nigerian Information technology firm, Backup Networks Limited, in collaboration with the National Open University of Nigeria (NOUN), has commenced a certificated training programme to empower Nigerians to develop expertise in smartphone repairs in the country though its newly created unit of the company, PhoneDoctorService. Com. PhoneDoctorService.com is a special unit of Backup Networks Limited committed to the mission of harvesting technology solutions to meet the needs of mobile device users in organisations. The Chief Executive Officer, Backup Networks Limited, Monday Ogbe, in a statement in Lagos, said the partnership was designed to empower Nigerians to leverage the over 400 million smartphone business boom in the country for worthy employment. According to him, with the growing rate of unemployment in Nigeria, PhoneDoctorService. Com provides a platform for unemployed and other interested Nigerians to undergo a week-training after which they would be provided with the tools that enable them to handle any repair works on any kind of smartphone. “Currently, there are over

400 million smartphone devices within Nigeria cutting across all major manufacturers and this number is increasing on a daily basis, as there are newer manufacturers coming in and one of the biggest challenges to the manufacturers is how to cope with the increasing demand for after-sales services by their customers. This is where we believe a huge opportunity lies for Nigerians,” he said. Speaking on the training module, Ogbe, who stated that the training is open to any literate person regardless of discipline, said: “During the training, trainees will acquire knowledge in troubleshooting and repair of various smartphone faults such as broken screens, faulty charging ports and others; disassembly and assembly smartphones.” According to him, they will also be trained on Mobile Device Data Management; identification and resolution of software-related issues on mobile devices while as well teaching the trainees on how they can set up their own smartphone repair business with marketing techniques to drive such smartphone repair business. At the end of the one-week training, Ogbe said the trainees will receive “Certificate of Completion issued by NOUN; complete Smartphone Repair Kit; technical skills to support themselves anywhere.” Ogbe said the training will also increase employability status of the trainees with major smartphone manufacturers such as Nokia, Apple, Blackberry and so on; benefit from a lifetime mentorship and support from PhoneDoctorService. com while also preparing them for the upcoming mobile application development course for Iphones, Windows and Android devices. “As an Information Technology company, we have a vision to provide the best of the best support services for Nigerians. The training, which is targeted at Nigerian youths and any other individuals willing to participate at the cost of N180,000 registration. “We believe that through the scheme, existing phone repairers will have the opportunity to formalize and get their existing skilled fine-tuned in preparing them for better job opportunities with the phone manufacturers. They may also choose to be on their own,” he added.

Smile Communications enters Nigeria’s 4G LTE mobile network market

F Ogbe

ollowing more than two years of extensive testing and development in the country, Smile Communications have announced its commercial

National Mirror www.nationalmirroronline.net

launch of what it called the true 4th Generation LongTerm Evolution, 4G LTE broadband internet service in Lagos, Nigeria. 4G LTE is described as the latest, most advanced and most flexible global technological standard for wireless data communications as it represents a sea change compared to older technologies such as 3G. Before the Lagos launch, last year, it had started its operations in Ibadan, Oyo state capital as it promised to also expand to Abuja and Port Harcourt before the end of 2014, followed by further network expansion covering most of Nigeria in the next few years. With the promise that the era of getting frustrated as a result of poor internet connected being over, speaking at the launch in Lagos, Smile Group Operating Officer, Tom Allen noted, “this is a very important day for us. Our goal is to provide Nigerian broadband internet users with speed, quality, reliability, and simplicity. Our vision is becoming the broadband internet provider choice in Nigeria has guided us in everything from selecting our people and partners to choosing the best technologies and creating innovative and relevant products and services. We are confident and excited and we are ready to share the promise of digital citizenship with millions of Nigerians.” To this end, Allen submitted that to deliver affordable, high-quality and easy-to-use broadband internet access and communications services to our customers and in Nigeria, it has entered into partnership with Ericsson. Smile Communications and Ericsson have a 3-year network deployment agreement to develop over 1,100 LTE sites across the country. Under the terms of this agreement, Ericsson is responsible for the project management, system integration, interoperability testing, network design and implementation. Reiterating that Smile’s Nigerian customers are already experiencing world-beating speed and quality, according to him, “our customers will experience average speeds in excess of 6Mbps, and some customers are already running an average speeds in excess of 20Mbps, which is substantially faster than the speed than can be achieved in other parts of the world, including the United Kingdom. Dr. Earnest AzudialuObiejesi, Chairman, Smile Nigeria expressing his excitement about the possibilities in the Nigerian market noted that it is unfortunately it is full of challenges. BC BC


National Mirror www.nationalmirroronline.net

Business Courage

Monday, March 17, 2014

A17 33

News

Garba

Eighty per cent cassava farmers in Niger access FG’s N1.2bn loan

T

he Chairman, Nigeria Cassava Growers Association in Niger, Sule Garba, has said that 80 per cent of its members in the state have accessed the Federal Government’s N1.2 billion loan currently disbursed by the Bank of Agriculture (BOA) to farmers. Garba who made the disclosure in Minna said that his happiness was that the Bank of Agriculture has started disbursing the N1.2 billion loan meant for my members. “This is Contrary to rumours among farmers that the national and state executive members have shared their registration fees for the loan among themselves. “In Niger State, I registered 1.9 million cassava farmers and 80 per cent of them have been given N150,000 each by the Bank of Agriculture,’’ he said. He said that the Federal Government granted the loan to the Cassava Growers Association across the country, to ensure that it met the target for both local and foreign demand for cassava. The association’s chairman said that the loan was being disbursed in the ratio of N150,000 per hectare of land, adding that the N1.2 billion released by government was for the first batch. He said he was not sure when the second batch of the loan of the released and how much was involved. Garba said that 80 per cent of the members who had received the loan in the state were from zones `A’ and `C’, adding that the bank manager for Minna branch of the bank promised to disburse that of zone `B’ as soon as he resumed from vacation in April.

He said that the Federal Ministry of Agriculture and Rural Development was collaborating with some research institutes to get the farmers high yielding cassava stems for cultivation. The chairman appealed to the ministry to provide the cassava farmers with various processing machines, to encourage them to produce enough cassava for local and foreign use.

Undergraduates urged to embrace commercial agriculture Stories By Emmanuel Ogbonnaya

N

igerian undergraduates have been urged to adjust their perspective about agriculture as being an unprofitable occupation for the aged and rather see it as a commercially viable technology-oriented business. The advice was given to the Agricultural Students Association (AGSA) of Babcock University, Ilishan Remo, Ogun State, by Sotonye Anga, coordinator, agribusiness and youth empowerment, Community of Agricultural Stakeholders of Nigeria (CASON) during AGSA’s maiden symposium at the school’s main auditorium. Anga, who spoke on the theme ‘the essence of agribusiness and nutrition in transforming the economy’, noted that agriculture proffers the solution to a stable economy, lower rates of unemployment and crime as well as ensuring a better standard of living for Nigerians. “The means to a sustainable Nigerian economy is in agriculture and agribusiness, you don’t farm because your father was a farmer, you farm

because you want to want to make money, and if you want to make money, you don’t do guess work farming,” he said. He explained that farming today, requires adequate knowledge of the soil’s nutrient in terms of strength or deficiency in order to ensure increased yield in crop productivity, expounding that as the land is fed, it will feed the crops and the crops will feed the people. He stated that agriculture in Nigeria dates back to the pre-oil boom when it was the mainstay of the nation’s economy. The Dean Prof Akintunde Akinsoyinu in his opening address said that Babcock University was conscious of the quality of graduates they produced. “We want our graduates to be both employable and employers of labour and this is why we have brought Mr Sotonye Anga to give a private sector perspective on the business of Agriculture, show the opportunities and how students can take advantage of them,” he said. Anga informed the undergraduates who were drawn from Obafemi Awolowo University, Ile-Ife, Olabisi Onabanjo University and TaiSolarin University of Education that agriculture was really big business with a value chain that provided diverse business opportunities to suit anyone. “We need to understand the fact that there is a constantly increasing population of both humans and animals competing for the crops we grow. Nigeria’s population is currently 170 million people and by 2050 at the rate our population is growing, may possibly reach 340 million people. “This is why Agribusiness in Nigeria will remain the largest sector, so you cannot go wrong engaging in agribusiness as there is a ready internal market within the country and a big foreign market waiting for us service,” he said.

SEC, CAC to review business organisational guidelines – Oteh Anga

T

he Securities and Exchange Commission (SEC)

Oteh

and the Corporate Affairs Commission will work together to define new guidelines that will entrench gender inclusivity in corporate businesses in Nigeria, SEC Director General , Arunma Oteh has said. Delivering the keynote lecture at this year’s edition of the annual Women in Management, Business and Public Service (WIMBIZ) lecture series, the SEC boss disclosed that the move will further help to boost Nigeria’s image as a country of global relevance where due consideration was accorded to qualified women to occupy significant positions in quoted companies. According to a recent SEC internal data, she revealed that Nigeria has only 10.7 per cent of board seats occupied by women and that of the 190 quoted companies in the country, only 33 have at least 20 per cent of board seats occupied by women. “There is growing evidence that increasing women’s participation in decisionmaking boosts a company’s performance. SEC will work with sister regulators and the Corporate Affairs Commission to define guidelines that will encourage companies to pay more attention to gender diversity and where necessary to craft legislation that requires gender representation quotas on boards of companies,” she stated. She made it clear that as the custodian of the code of corporate Governance in Nigeria, SEC was interested in seeing companies pay more attention to gender diversity at board and senior management levels. “Our analysis of board membership of the 190

listed companies on the main board of the Nigerian Stock Exchange (NSE) shows that only 15 of them have women as chief executive officers (CEOs) and there is only one female CEO among the 30 most capitalised companies on the NSE while 73 companies have no woman on their boards,” she said. She frowned at the situation where women were not being given more important roles to play at the highest levels of business governance, taking into consideration the fact that companies where women make up at least 19 per cent of the board record 26 per cent in return on invested capital as against those with no women at all. She enjoined women to take advantage of the capital market’s gender-neutral focus to raise long-term funding for their businesses at cheaper rates, pointing out that since access to funding was a key challenge for women entrepreneurs, capital markets have become an important part of the solution. She revealed that Nigeria has joined ranks with countries such as Germany and Egypt that have taken innovative steps to develop special platforms within their capital market to address funding challenges being faced by small and medium enterprises (SMEs). “We have approved new listing rules which soften the requirements for some strategic types of businesses and for SMEs. This enabled the NSE to revamp the former second and third tier platforms to establish the Alternative Securities Market (ASeM),” she said. The executive council member of WIMBIZ, Aishah Ahmad, noted that as long as Nigerian women position themselves to getting the relevant competence, skills and confidence they will get global business and professional opportunities. “Nigerian women should be conscious that they need to make a difference by first improving themselves while making the right connections with organisations that can help them succeed,” she advised. BC


A18 34

Business Courage

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

Behind d Wheels This page is open to sponsorship

T

he 2015 Rolls-Royce Ghost Series II is a thoroughly contemporary representation of Rolls-Royce exclusive luxury, perfectly balancing effortless dynamism and modern luxury in a car that is exquisitely composed under all circumstances. Owners enjoy a quietly assured, exquisitely refined modern motor car with an interior ambiance that offers a sense of calm and serenity in an often frenetic and chaotic business world. Specifically, Rolls-Royce is referring to the subtle changes it has made to the redesigned Ghost Series II, which will still coddle its passengers in opulence while providing sports-car like acceleration from a twinturbo V-12 under the hood. That engine, by the way, doesn’t change, though it hardly needed any tweaking. The 6.6-liter twelve-cylinder augmented with two turbos still sends 565 hp and 575 lb-ft of torque to the rear wheels via a ZF-sourced eight-speed automatic. The gearbox, however, now gains satellite-aided technology that first debuted on the Wraith. Using GPS data, the gearbox will prepare and select gears based on the road ahead. Rounding off the mechanical tweaks is the Ghost Series II’s suspension that includes redesigned struts, a new steering gear, and new rear hydraulic axle bearings. A Dynamic Driving Package improves handling with adjusted dampers. Rolls-Royces estimates that the short wheelbase Ghost Series II will run from 0-60 mph in

4.8 seconds, while the extended wheelbase model will need an extra tenth of a second to do the deed. Keep in mind that a recently tested 2014 Ghost with the short wheelbase, ran to 60 mph in just 4.4 seconds. Created to serve as a more affordable entry point to the prestigious British marquee, the Rolls Royce Ghost is the technical “baby” of this regal family which has served its maker well, contributing significantly to Rolls-Royce’s alltime record sales of 3,630 cars worldwide in 2013 - the firm’s fourth consecutive volume record. Company execs only offered a one-sentence observation in a statement noting: “After five years as the cornerstone of Rolls-Royce’s sustainable growth success worldwide, this mid-life update is a showcase for the most recent technological advances from Rolls-Royce enrobed in a considered exterior design revision.” The aura of Simplicity A single defining principle came to characterise the Ghost design process - to harness the aura of simplicity. The notion that no complication should ever distract from driver or passenger pleasure, informed every facet of the design and engineering process. This bold new generation of Rolls-Royce customer seeks a motor car with a silent assurance - a cosseting, super-premium environment in which to conduct business and augment their leisure time. In Ghost Series II, tradition blends perfectly with this bold, contemporary

direction. An uncompromising approach to materials and craftsmanship remained and traditional visual tenets were re-imagined to express the car’s modernity and dynamism. For example, the stately presence of Phantom’s grille made way for a softer, less formal design - its subtle curvature more akin to a jet air-intake than traditional pantheon facia. Flowing ‘yacht lines’ and powerful flanks hint at the car’s inherent dynamism, whilst traditional Rolls-Royce DNA is expressed in the elevated prow, large uninterrupted surfaces, long bonnet and short overhang. Visual enchanter The eye is immediately drawn towards the re-sculpted headlights, with unbroken daytime running lights framing a new, more dynamic shape, giving Ghost Series II a distinct visual signature from the front. The headlights have a new shape and sharper LED daytime running lamps, while the revised active high beam system will deflect light for oncoming traffic. This blends perfectly with revised surface treatments to the front of the car. A tapered ‘wake channel’ on the bonnet, emanating from the Spirit of Ecstasy’s wings, evokes the sight of a jet’s vapour trail, hinting at the car’s dynamism. Subtle re-sculpting of Ghost’s bumpers creates a stronger stance and a sense of extra width and height, whilst the contemporary aesthetic is further enhanced with the addi-

tion of chrome innserts to the frontt air intakes, which now feed more air cooling to the front brakes. One of Rolls-Royce’s defining visual signatures is given an enhanced dynamic edge. The famous waft line has be re-designed on Ghost Series II to lean further forwards - with a view to emphasising the car’s effortless dynamism. These features, married with new optional 21” forged wheels and standard 19” wheels, ensure Ghost remains a perfectly executed, contemporary expression of Rolls-Royce luxury. New surprise and delight features such as the optional monogrammed stainless-steel fuel-filler cap enhance the car’s tactile and visual appeal. Captivating interior Interior comfort and style are enhanced with re-designed seats. Electronically adjustable thigh supports for front seat passengers complement a new seat structure, enhancing Ghost’s unchallenged interior comfort levels. A revised rear seat design ensures absolute comfort for those wishing to conduct business or simply relax. In ‘lounge seat’ configuration, the seats are gently angled towards each other to create a more intimate setting, allowing passengers to communicate more easily. The seats are available with three-level heating as standard with optional massage function and can be reclined for comfort. Chrome surrounds to the sun visor lights and a new soft-feel dashboard treatment enhance

t h e car’s premium tactility, whilst sumptuous natural grain leather can now be optionally extended to the A and C pillars. The instrument dials and clock have also undergone subtle enhancements with individually applied polished metal chaplets around the dials evoking the precision design of handmade, luxury wrist watches, whilst the matt chrome centres ‘float’ in the middle of each instrument. Finally, the scope for bespoke customisation is widened with the introduction of two new, exquisitely crafted veneers; Paldao and Walnut Burr Crossband. Discreet technology Throughout the marquee’s storied history, engineers have sought to refine the experience for drivers and occupants by applying the very latest technologies. Ghost Series II is no different, presenting a full suite of the latest technological updates. Rolls-Royce Ghost Series II is the ultimate contemporary combination of luxury, technology and connectivity available to the successful entrepreneur on the move today. Key to this is the discreet placement of the car’s technological functions. Accessed through a one-touch call button or the Spirit of Ecstasy Rotary Controller, on-board Wi-Fi facilitates email, file sharing, telephony and video-conferencing. The user is also able to watch televised business news


National Mirror www.nationalmirroronline.net

Business Courage

Monday, March 17, 2014

A19 35

Behind d Wheels This page is open to sponsorship

Autocare

in order to remain ahead of the game. Navigation assistance is summoned by the same one-touch call button. Then by simply saying “Navigate to Piccadilly in London” or wherever else the owner wishes to go, directions that anticipate and avoid unnecessary delays are offered. Should a delay occur or an owner needs to talk to their business associates, Ghost Series II makes this as effortless as possible with the same onetouch system. The command “Call Giles” automatically connects the call. At the end of the conversation, a command such as “Play Radio” will return the driver directly to the in-car entertainment options. Information from the significantly updated Multimedia Interface and Navigation system is displayed beautifully on a new 10.25” high definition screen. Spirit of Ecstasy Rotary Controller A new rotary control knob also doubles as a touchpad, denoted as the Spirit of Ecstasy Rotary Controller allowing users to input characters for audio, telephone, and messaging functions, this touch pad (rather than a touch screen which might leave unsightly fingerprints at driver and passenger eye level), comes with the ability to write characters by finger, as well as the ability to scroll through function menus by turning the chrome dial and pressing down to select its functions.

T h e system recognises English, Latin and Arabic characters as well as Mandarin, to assist drivers in China, where character selection can otherwise be a time-consuming process. The Rotary Controller’s touch pad also allows ‘pull and pinch’ features, replicating intuitive smart phone functionality. Bespoke Audio Rolls-Royce audio engineers boast that incorporating the finest hardware and latest advances in connectivity, Bespoke Audio is the most exhaustively designed automotive hi-fi system ever developed. Eighteen individually-tuned speakers, with both theatre and studio settings, deliver a pure ‘larger than live’ sensation. Two bass speakers located in the boot complement seven speakers meticulously placed throughout the cabin. Two ‘exciter’ speakers in the roof-lining bring the sound to occupants’ ear level creating a completely unique listening sensation. Illuminating technology The most recent developments in LED lighting technology have also been applied to Ghost Series II. The way this light is managed is significantly enhanced by adaptive technology. Electronically controlled reflectors move in the direction of travel in response to steeringwheel turns to give a greater depth of vision when cornering and a whiter, brighter light ensures effortless and safe driving on dark roads whilst helping reduce driver tiredness.

addition, automatic dipIn addition full-beam headlights ping of full-b with revoluhas been replaced repla glare-free technoltionary new gl ogy. When a car approaches, light is deflected to ensure oncoming driver is not the oncom dazzled. Satellite Aided Sat Transmission T Tr an Rolls-Royce Ghost Series II’s efG h fortless dynamism fo augmented is with the addition w of Satellite Aided o Transmission, satellite Aided s Transmission utilises GPS data u to allow the car to see beyond what the driver sees, anticipating their next p move based on location and driving style. Aided Transmission Satellite Aid comes as standard on all Ghost Series II cars. Dynamic driving package and suspension enhancements Rolls-Royce Ghost Series II presents the perfect blend of driving dynamics and hallmark Rolls-Royce comfort. Customers can specify a Dynamic Driving Package that offers a more involving driving experience with no compromise to ride quality. Re-designed front and rear struts married to new steering gear and adjusted dampers significantly increase Ghost Series II’s cornering ability, whilst enhanced feedback levels can be felt through a thicker steering wheel. In all specifications, ride quality and rear stability is further enhanced thanks to new rear hydraulic axle bearings. Since its launch in 2009, Ghost has become the ultimate symbol of success for leading entrepreneurs across the globe. Winning critical media and customer acclaim and driving the company to four consecutive historic sales records, Ghost has led a new, younger generation of highly successful men and women to Rolls-Royce ownership; a key pillar in the marquee’s highly successful sustainable growth strategy. Now clad in a subtle re-design, Ghost Series II ensures the timeless yet modern quality that the marquee’s customers cherish, consolidating Ghost’s position as the most popular car in the €200,000+ class and a cornerstone of Rolls-Royce’s success. BC

How to maintain car headlights

W

hen it comes to car safety, fully functioning headlights are an essential part of car care, no matter how skilled a driver you are; it’s always a good idea to follow car safety basics. Believe it or not, headlight maintenance is one of the most important safety features in your car. Clear and well aligned headlights will make the road much safer for you and other drivers, however there are some simple steps to take in ensuring that your headlights stay in perfect condition at all times. If a headlight is cracked, it should be replaced immediately, a cracked headlight will let moisture and dust in making the headlight dimmer as well as increasing the glare for other drivers. You can seal the crack with resin until you replace the headlight. Clean dirty headlights as night vision is greatly reduced by having dirty headlights, wipe down your headlights every time you wash your windshield. There are especially made headlight cleaners available at most hardware stores. If your vehicle is equipped with headlight wiper blades, make sure they’re working well. These built-in safety features are a great way to increase your visibility on the road. Headlights can become poorly adjusted over time. Whether twisted in the fittings or angled poorly, the light will not act the way it should. Potholes are a common cause of misaligned headlights drivers should periodically have their lights checked to make sure they’re focused properly on the road ahead, notice where your headlights point and correct it or have it corrected as needed. They should be pointing down and towards the outside of the road, not straight out, up, or towards the centre. You can see the light pattern on the road ahead of you; misaligned headlights can be distracting or hazardous to drivers ahead of you or in oncoming or adjacent lanes. Always replace the bulbs two at a time even if only one burned out, if one headlight goes dim and you replace only that one, you’re going to have one bright headlight and one dimmer one. Avoid this trouble and replace both lamps at the same time, to ensure even illumination while you’re on the road. Removing condensation from headlights: Remove the headlight from your car using a drill and a small bit, drill a small hole at the bottom of the headlight, next drain all the water out of the headlight. Put the headlight in a dry area for some time, to get rid of the all the moisture. Reseal the headlight using a type of silicone sealant; do not use glue to reseal as it may crack and leak then reinstall the headlight back onto your car. Tips & Warnings: Keep a spare set of headlight bulbs in your car in case one or both burn out while you are on the road. Traffic safety experts are of the opinion that dirty headlights will decrease visibility by as much as 90 per cent. The AAA Foundation for Traffic Safety points out that, “An average of nine out of every 10 cars on the road today has dirty or yellowed headlights that greatly reduce vision and need to be replaced, cleaned or repaired.” The same problems that affect headlights also apply to brake lights, taillights and other safety lights on a vehicle and all of these can substantially affect road safety. These lights make sure your vehicle is seen by others in the dark or in bad weather. Compromised lights can put everyone at risk, whether it’s on the freeway or on dimly lit back roads. Therefore inspecting and maintaining headlights regularly is a worthy investment. Using High Beams: The high beams on a vehicle are for use when there’s no oncoming traffic. High beams or ‘brights’ can help drivers see further, but when used on busy twoway roads, they can also prevent others from seeing the road because of glare. Experts suggest using high beams on one-way roads or on isolated roads without much traffic, where a driver can turn them off if he or she sees a car approaching. BC


A20 36

Business Courage

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

GTBank declares N107.09bn pre-tax profit for 2013

G

uaranty Trust Bank plc has announced its audited financial results for the year ended December 31, 2013 to the Nigerian and London Stock Exchanges. A review of the results shows a strong and positive performance across all financial indices and also affirms the bank’s position as one of the most profitable financial services provider in Nigeria. In terms of value creation, GTBank maintained its top position in the industry with pre-tax Return of Equity (ROE) of 34.9 per cent and pre-tax Return on Asset (ROA) of 5.6 per cent. It recorded an impressive 28.6 per cent growth in loan book from N783.91bn in 2012 to N1.01tn in 2013 while customer’s deposits grew by a remarkable 24.3 per cent from N1.15tn in 2012 to N1.43tn in

2013. The group closed the 2013 financial year with a balance sheet size in excess of N2tn while shareholders’ equity increased by 17.9 per cent from N281.83bn in 2012 to N332.35bn in the period under review. Risk management framework in the bank remains very strong as Non-Performing Loans (NPL) ratio decreased to 3.58 per cent in 2013 from 3.75 per cent in the comparative period of 2012. Segun Agbaje, Managing Director and CEO of Guaranty Trust Bank Plc stated that “As a growing franchise and in spite of the regulatory headwinds, our bank has posted respectable results that reaffirm our reputation as a market leader and a highly ethical financial institution. We have maintained our cost-leadership position as typified

Agbaje

by the cost-to-income ratio (2013: 43.5 per cent; 2012:43.1 per cent) among peers year-on-year. He further stated that “with this performance, we will maintain our commitment to maximizing shareholder value with a proposed dividend pay-out of N1.70 per share, an increase of 10 per

cent over the N1.55 paid in 2012 and a share price appreciation of 17 per cent in 2013. “Our acquisition of Fina Bank Limited, a Kenyan bank with significant business footprint in Rwanda and Uganda gives us the opportunity to commence business in three East African countries via the acquisition of one bank. “This will give us great mileage and an opportunity to leverage our brand equity. We hope to further tap into the growth potentials of emerging African economies thus bringing us closer to our philosophy of being ‘A proudly African and truly international’ financial brand”. Guaranty Trust Bank has experienced tremendous growth since its inception in Nigeria in 1990 and presently has growing operations in Cote d’Ivoire, Gambia, Ghana, Liberia, Sierra Leone, Rwanda, Uganda, Kenya and the United Kingdom due to its ability to exhibit an in-depth understanding of these markets. BC

Nigeria second top destination in RMB’s investment rankings

N

igeria is currently ranked second in Rand Merchant Bank, (RMB) Nigeria’s list of top investment destinations. The pillars of RMB Nigeria’s investment rankings are based on growth, market size and operating environment a combination of which makes up total investment attractiveness, according to Nema Ramkhelawan Bhana, Africa Analyst, at Rand Merchant Bank. “Nigeria is already among the top 10 fastest growing economies globally, while its share of total inward FDI into Africa stood at 12 percent in 2012,” said Bhana, who made a presentation at the maiden RMB Nigeria Economic Breakfast, discussion with the title: ‘Nigeria – on the fast track to being the leading economy in Africa,’ held in Lagos last week. Nigeria is ranked second just

Okonjo-Iweala, Finance Minister

behind South Africa and ahead of Egypt by RMB as top Africa destinations for investment. A breakdown of the ranking shows that Nigeria remains the most favourable destination for

retail in Africa, driven by demographic gains from increasing population, rising real wages from increase in GDP per capita and growing urbanization. “We believe the topic of our first economic research series is appropriate given recent global developments such as the EU slowdown and scale back in quantitative easing by the US Federal Reserve,” said RMB Nigeria chief executive Michael Larbie. “We expect these events to be ongoing and hope they will be of benefit to all participants.” The RMB event also featured four experts on the Nigerian economy: Doyin Salami, full-time member at the Lagos Business School where he is also a senior lecturer; Bismarck J. Rewane, managing director of Financial Derivatives Company; and RMB research analysts Nema Ramkhelawan-Bhana and Celeste Fauconnier who specialise in financial and economic analysis of selected African

countries, including Nigeria, in the RMB Global Economics research team. In their most recent ‘Where to Invest in Africa’ report they predicted that Nigeria would overtake South Africa in the next few years in terms of “investment attractiveness”, to reach the number one position. RMB, a division of FirstRand Bank, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. RMB has funded various infrastructure, resource finance, mergers and acquisitions, and development projects in over 35 African countries in the past decade. The Central Bank of Nigeria granted RMB a merchant banking license on 22nd November 2012 and has over a year of transactional experience in Nigeria having established a representative office in the country in 2010. BC

Sterling Bank promotes entrepreneurship

S

terling Bank Plc has said three entrepreneurs expected to emerge from the ongoing Meet The Executive campaign will not only get project-based grants but would be introduced to local and international investors, the bank’s Managing Director, Yemi Adeola has said. Speaking at the weekend during a meeting with the budding entrepreneurs participating in the programme, Adeola described entrepreneurs as the backbone of any economy, adding that the programme is driven by the lender’s passion for helping budding entrepreneurs attain great heights. “We plan to choose three out of the whole people, and work-out the mo-

dalities or logistics of the fund with them, but it is easy money. The fund will be project-based,” he said. He advised the participants to persevere in the face of daunting challenges facing the sub-sector, adding that it is one’s ability to rise above limitations that determine the level of success. “Any economy anywhere is the world is driven by Small and Medium Enterprises (SMEs) and unless we encourage them, create conducive atmosphere for them to operate, we will continue to struggle as an economy,” he said. Adeola said over 700 entries were received from entrepreneurs who also submitted proposals to the bank. “We then pruned the number

down. We are now about selecting the final list, and by the end of the day, whatever project they are putting on the table, we are going to partner with them, and give them grants in the first instance, to assist them,” he said. He said the bank will also introduce the eventual winners to investors and mentors to ensure that they grow into conglomerates. He said the programme is not going to be a one-off thing, but will continue to do so that we build and create more entrepreneurs in the country. Adeola explained that the winners are expected to commit their equity to the business even as the bank is readily available to grant them the loans. “The programme remains a social responsibility for the bank. We owe it as a

duty to continue to create employment, encourage entrepreneurs and ultimately they will become our customers, and their customers will also become our customers,” he said. Adeola said it is easier for the youths to think beyond all the negatives in the society, and become creative entrepreneurs. “For the bank, this is a social corporate responsibility. We owe t a duty to continue to create employment, encourage entrepreneurs and also they will definitely become our customers. “Sterling Bank has done a lot in this area, we are introducing in an innovative manner competitions, ideas, innovations; making it possible for young Nigerians to be able to think beyond the negative ills we have witnessed in the society today,” he said BC


National Mirror www.nationalmirroronline.net

Business Courage

Monday, March 17, 2014

A21 37

NSE market indicators dip by 0.86 per cent

W

eekly transactions on the Nigerian Stock Exchange (NSE) closed lower on Friday with the market indices dropping marginally by 0.86 per cent. This was due to price losses by some blue chips. The the market capitalisation depreciated by N106 billion or 0.86 per cent to close at N12.261 trillion against N12.367 trillion achieved on Thursday. The All-Share Index lost 332.33 points or 0.86 per cent to close lower at 38,171.32 from the 38,503.65 posted on Thursday. Analysis of the price movement indicated that Lafarge Wapco led the losers’ chart with a loss of N1.50 to close at N111 per share. International Breweries followed with a loss of N1.30 to close at N25.71, while Dangote Cement lost N1.01 to close at N9.44 per share. CCNN dipped by 94k to close at N8.76, while Zenith Bank depreciated by 70k to close at N21.38 per share. Conversely, Guinness topped the gainers’ chart, appreciating by N2.25 to close

at N169 per share while Cadbury followed with a gain of 40k to close at N85.40, while Berger rose by 19k to close at N9.48 per share. UBN gained 14k to close at N10.19, while Eterna grew by 10k to close at N3.80 per share. A total of 609.579 million shares valued at N3.74 billion were traded by investors in 4,033 deals, this was in contrast to the 367.193 million shares worth N1.82 billion traded in 4,002 deals on

Thursday. UBCAP was the toast of investors, accounting for 291.47 million shares worth N705.29 million. FBN Holdings came second on the activity chart with 64.05 million shares valued at N755.98 million, while Unity Bank sold 39.75 million shares worth N19.87 million. Multiverse traded 33.33 million shares worth N16.67 million, while UBA sold 23.92 million shares valued at N167.22 million. BC

Enterprise Bank offers weekend customer care service

I

n fulfillment of its promise to continually seek new ways of delivering the best of customer service to all stakeholders in the current financial year and beyond, Enterprise Bank Limited has increased the work hours at its Contact Centre on weekdays from 8a.m. to 8p.m., thus giving the public longer time to enjoy its services. In addition, customers as well as the general public can also reach the bank on weekends between the hours of 8a.m. to 2p.m. During these periods, a statement from the Corporate Communications Department of the bank added that customers can also call in for all their requests/enquiries including card hot listing, card re-issue requests, Automated Teller Machines (ATMs) dispense errors, cheque book requests and stop cheque requests among other transactional issues. Aside from these, the bank also stated that customers will also have the opportunity of getting their problems solved by welltrained personnel through live chat, e-mail, phone call and facebook, just to mention a

few. According to the statement, the latest development is part of the efforts of the bank to continually regenerate its service delivery options as a way of ensuring customer satisfaction at all times, especially with the increasing number of customers as well as activities now that the cash-lite initiative is in full swing across the country. These additions, the bank affirmed will further enable numerous customers of the bank to realise their banking needs without necessarily leaving the comfort of their homes or offices. Only recently, the financial institution took customer service delivery to a whole new height with the expansion and upgrading of the facilities in the Customer Service Unit (CSU). The full-fledged unit, has the capacity to entertain calls from numerous customers at the same time through the same phone number; 0700Entbank, which is already known to the customers. Further explaining the benefits of the unit, the bank stated that customers now

Market Indicators for Week Ended 14-03-14 All-Share Index 38,171.32points Market Capitalization N12,261,054,610,723.29 Stock Updates GAINERS COMPANY

OPENING PRICE

CLOSING PRICE

CHANGE

IKEJAHOTEL

0.66

0.69

OASISINS

0.56

0.58

4.55 3.57

CUTIX

1.77

1.83

3.39

ETERNA

3.70

3.80

2.70

BERGER

9.29

9.48

2.05

LOSERS COMPANY

Ahmed Kuru, Enterprise Bank MD

have added advantages because they can now call, even on weekends, to directly speak with some well-trained customer service personnel of the bank to find out about their account balances, enquire about new and existing products, initiate and conclude transactions, lodge complaints if any among other interests. The statement reiterated that the quest for improved customer service remains at the core of the bank’s vision, which is “to be the preferred bank for value creation,” adding that the bank’s unalloyed commitment to customer satisfaction will continually remain an essential factor in making a success of the new banking model in the country as the bank has provided the customer with multiple and extended options to resolving transactional issues. BC

OPENING PRICE

CCNN

CLOSING PRICE

CHANGE

9.70

8.76

-9.69

10.45

9.44

-9.67

WAPIC

0.88

0.80

-9.09

COSTAIN

1.60

1.52

-5.00

INTENEGINS

0.60

0.57

-5.00

DANGSUGAR

Inter-Bank Rates TENOR CALL OBB

RATE%(PREV) 11-March-2014

RATE%(CURR) 12-March-2014

0.0000 - 0.0000%

0.0000 - 0.0000%

13.5000 - 14.7500%

14.0000 - 15.5000%

Primary Market Auction TENOR

AMOUNT (N’mn)

91-Day

22970.71

RATE (%) 11.89

DATE 05-Mar-14

182-Day

65000

13.4

05-Mar-14

364-Day

187119.37

13.5

05-Mar-14

Open Market Operation TENOR

AMOUNT (N’mn)

147-Day

50000

13.1

RATE (%)

DATE

121-Day

20000

13.1

11-Mar-14

122-Day

30000

13.1

10-Mar-14

13-Mar-14

Wholesale Dutch Auction System AMOUNT OFFERED

MARKET DEMAND

AMOUNT SOLD

DATE

$400m

$397,696,351.46m

$397,696,351.46m

12-Mar-14

$400m

$399,997,222.41m

$399,997,222.41m

10-mar-14


A22 38

Business Courage

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

News Account, as a project, will cater to the empowerment need of professional and working class women, self-employed female entrepreneurs, female lecturers, actresses, musicians, women in uniform and even female politicians and society women. This account is truly for women.”

Dominic

Keystone Bank collaborates with Rita Dominic on women empowerment Account

K

eystone Bank has announced that the awardwinning actress, Rita Dominic will be the face of it’s soon to be launched exclusivelyfor-women account, the Keystone Bank Pink Account. According to the Head, Brand Management, Keystone Bank, Omobolanle Osotule, “The Keystone Bank Pink Account is a Current and Savings Account for women that are resourceful, innovative and glamorous. The account is primarily designed for the empowerment of women with entrepreneurial drive and career inclination, to actualize their financial independence, lifestyle and domestic needs. “The Pink Account will create avenues for women to network and share ideas through periodic networking events, seminars and workshops, which will be anchored by Rita Dominic as the ambassador of the project.” Osotule also revealed to the press that the choice of Rita Dominic as the face of the Pink Account “was predicated on her profile as a thoroughbred professional, a dedicated and consummate actress, and a celebrity with role model credentials and of course, because of her entrepreneurial drive.” Speaking on the project, Rita Dominic said she was excited about the project and the idea of an account for women to make them financially independent as entrepreneurs, mothers and caregivers. “I am also excited about the fact that the bank considers working with me to promote this laudable project to other women in different strata of the society’s ladder. “I am aware that the Pink

Accounting bodies canvas new global accounting principles By Adejuwon Osunnuyi

T

wo of the world’s leading accounting bodies, the Chartered Institute of Management Accountants, CIMA and Chartered Institute of Management Accountants and the American Institute of CPAs (AICPA) have launched an international consultation on new management accounting framework to be carried out in 177 countries. The two bodies said the proposed comprehensive framework will bring consistency to management accounting practices around the world and help organisations to make smarter, faster decisions for the long-term amidst growing complexity and change. The draft framework, entitled ‘Global Management Accounting Principles©: Driving better business through improved performance’, is now out for consultation with feedback sought from businesses and institutions across the world – public and private, small and large. The draft Principles document, which is available for download from cimaglobal. com, has already attracted considerable support from within the business community. Professor Mervyn King, Chairman of the International Integrated Reporting Council said,“I am pleased to see a framework that provides disciplined management accounting practices and ensures that reporting is fit for the 21st century. In an era of a gradual return to economic growth, integrated thinking is essential for sustainable value creation. “The ability to use information effectively will be a crucial part of sustainable growth and ensuring the business models of organisations and their outputs have

positive impacts financially, socially and environmentally.“ The draft Principles outline the values and qualities that represent best practice management accounting on a global scale. They include guidance on preparing relevant information, modelling value creation, communicating with impact and establishing the professional values of management accountants. The framework will include a diagnostic tool to help businesses and institutions ensure that they are making the most efficient use of key information. According to Samantha Louis, CIMA regional director for Africa, “Management accountants have the ability and judgment to make objective, ethical decisions that consider the public interest, however, the quality of management accounting systems remain varied. Our Principles will enable organisations to leverage financial and nonfinancial data, and link different parts of an organisation in a way that many still lack. “We are asking businesses and other relevant organisations across the globe to tell us how our draft framework can best meet their fastchanging needs. By working together, we can contribute to a comprehensive system fit for our era of uncertainty that will make business better.” While the consultation will reach across CIMA and the AICPA’s network of 177 countries, the two institutes had joined forces to launch the Chartered Global Management Accountant (CGMA) designation in 2012 and are working together to highlight the importance of management accounting in today’s economic climate. A series of national and international events is planned, including local employer roundtables and meetings with leading business thinkers from all sectors and all geographies. While the consultation is to close on 10 May 2014, to learn more and respond to the consultation, members are advised to visit: http:// www.cimaglobal.com/principles. “Over the last few years, we’ve all seen how globalisation and the break-neck pace of technological progress are making change harder to predict and organisations

more vulnerable. While we may be seeing encouraging signs in the global economy, we cannot afford to be complacent. We must learn the lessons of the last six years. To be confident of a successful future over the long-term, organisations must adopt a robust management accounting system that encompasses their financial reporting. This in turn will provide investors, customers and the general public with a greater confidence.” Louis said. Founded in 1919, the Chartered Institute of Management Accountants (CIMA), is the world’s leading and largest professional body of management accountants, with over 218,000 members and students operating in 177 countries, working at the heart of business. CIMA works closely with employers and sponsors leading-edge research, constantly updating its qualification, professional experience requirements and continuing professional development to ensure it remains the employers’ choice when recruiting financially-trained business leaders.

Kola Jamodu, President of MAN

Manufacturers groan under shortage of gas

O

perators in the manufacturing and power sectors are currently groaning under the severe gas shortage and its impact on their production. A major cement manufacturer at the weekend hinted that the twin problems of pipeline vandalisation and the maintenance work on some Chevron gas installations taking place at the same time is responsible for the disruption of gas supply to the cement plants and other manufacturing outfits in the country. The Nigerian National Pe-

troleum Corporation (NNPC) had in the wake of the gas supply disruption attributed the development to pipeline vandalism. The NNPC GMD, Andrew Yakubu had lamented that about N800 million had been spent on the fixing of the damaged pipelines and blamed it on alleged outright sabotage of some crucial pipelines which he said had significantly eroded available gas supply to the power plants leading to incessant blackout. The shortage of gas supply has also impacted negatively on the electricity supply in the country. Doyin Salami, an economist and member of Faculty at the Lagos Business School was quoted to have said at a Rand Merchant Bank Executive discussion that ‘’it may take three to five years to get sustainable power supply in Nigeria. To avoid the unpleasant situation, most Nigerians have resorted to generating own electricity themselves using diesel or petrol powered generating sets. This was attested to by the Global Business Intelligence, a research firm which estimated that Nigerians spent about N70.5 billion on electricity generation in 2011. Cement manufacturers revealed that, although they are trying to make up with LPFO supplies from local refineries, the local supplies are not enough to make up for the deficit and they are now resorting to importing LPFO and coal. A top official of Dangote Cement, the largest producer, who pleaded anonymity said: “Yes, we are having problems with gas supply to our plants and it is partially affecting our operations. As soon as the gas supply is restored, cement production will be back at full capacity and supply to the market will stabilise. “In our plants for instance across the country, in the absence of gas, we consume up to 3.75 million litres of LPFO daily, which translates to an additional N0.5 billion per day increase in our production cost. In the last two years, local manufacturers of cement have ramped up their capacities and have been producing enough cement to meet and surpass cement demand in the country. They have made the country not only self-sufficient in cement production but also a net exporter BC


National Mirror www.nationalmirroronline.net

Business Courage

Monday, March 17, 2014

A23 39

STOCKWATCH Stock Exchange weekly equities summary as at Friday, March 14, 2014 SECURITY

PRICE (=N=)

AGRICULTURE/AGRO-ALLIED Crop Production FTN COCOA PROCESSORS PLC NT OKOMU OIL PALM PLC. 42.00 PRESCO PLC 43.00 Fishing/Hunting/Trapping ELLAH LAKES PLC. NT Livestock/Animal Specialties LIVESTOCK FEEDS PLC. 3.69 CONGLOMERATES Diversified Industries A.G. LEVENTIS NIGERIA PLC. 1.47 CHELLARAMS PLC. NT JOHN HOLT PLC. NT SCOA NIG PLC NT TRANSNATIONAL CORP. OF NIG.PLC 4.00 U A C N PLC. 65.00 CONSTRUCTION/REAL ESTATE Building Construction ARBICO PLC. NT CAPPA & D’ALBERTO PLC. NT Building Structure/Completion/Other COSTAIN (W A) PLC. 1.52 G CAPPA PLC NT Non--Building/Heavy Construction JULIUS BERGER NIG. PLC. 75.00 ROADS NIG PLC. 8.46 Real Estate Development PINNACLE POINT GROUP PLC NT UACN PROPERTY DEV 20.10 Real Estate Investment Trusts (REITs) SKYE SHELTER FUND PLC NT UNION HOMES REAL ESTATE INV NT UPDC REAL ESTATE INVESTMENT TRUST NT CONSUMER GOODS Automobiles/Auto Parts DN TYRE & RUBBER PLC NT Beverages--Brewers/Distillers CHAMPION BREW. PLC. NT GOLDEN GUINEA BREW. PLC. NT GUINNESS NIG PLC 169.00 INTERNATIONAL BREWERIES PLC. 25.71 JOS INT. BREWERIES PLC. NT NIGERIAN BREW. PLC. 122.00 PREMIER BREWERIES PLC NT Beverages--Non-Alcoholic 7-UP BOTTLING COMP. PLC. 86.77 Food Products BIG TREAT PLC NT DANGOTE FLOUR MILLS PLC 9.50 DANGOTE SUGAR REFINERY PLC 9.44 FLOUR MILLS NIG. PLC. 76.00 HONEYWELL FLOUR MILL PLC 3.80 MULTI-TREX INTEGRATED FOODS PLC 0.50 N NIG. FLOUR MILLS PLC. 22.01 NATIONAL SALT CO. NIG. PLC 12.35 P S MANDRIDES & CO PLC. NT U T C NIG. PLC. 0.54 UNION DICON SALT PLC. NT Food Products--Diversified CADBURY NIGERIA PLC. 85.40 NESTLE NIGERIA PLC. 1,026.35 Household Durables BETA GLASS CO PLC. NT NIGERIAN ENAMELWARE PLC. NT VITAFOAM NIG PLC. 4.28 VONO PRODUCTS PLC. 1.66 Personal/Household Products P Z CUSSONS NIGERIA PLC. 34.00 UNILEVER NIGERIA PLC. 47.00 Textiles/Apparel UNITED NIG. TEXTILES PLC. NT FINANCIAL SERVICES Banking ACCESS BANK PLC. 7.51 DIAMOND BANK PLC 6.50 ECOBANK TRANSNATIONAL INC. 13.96 FIDELITY BANK PLC 2.18 FIRST CITY MONUMENT BANK PLC. NT GUARANTY TRUST BANK PLC. 23.70 SKYE BANK PLC 3.76 STERLING BANK PLC. 2.20 U B A PLC 7.02 UNION BANK NIG.PLC. 10.19 UNITY BANK PLC 0.50 WEMA BANK PLC. 1.02 ZENITH BANK PLC 21.38 Insurance Carriers, Brokers & Services AFRICAN ALLIANCE INS. COY. PLC NT AIICO INSURANCE PLC. 0.76 CONFIDENCE INSURANCE PLC NT CONSOLIDATED HALLMARK INS. PLC 0.50 CONTINENTAL REINSURANCE PLC 1.05 CORNERSTONE INS. COY. PLC. 0.54 CUSTODIAN AND ALLIED INS. PLC NT EQUITY ASSURANCE PLC. 0.50 GOLDLINK INSURANCE PLC NT GREAT NIGERIAN INSURANCE PLC 0.50 GUINEA INSURANCE PLC. NT INTERCONTINENTAL WAPIC INS. PLC NT INTERNATIONAL ENERGY INS. PLC 0.57 INVESTMENT AND ALLIED ARN. NT LASACO ASSURANCE PLC. NT LAW UNION AND ROCK INS. PLC. NT LINKAGE ASSURANCE PLC NT MANSARD INSURANCE PLC 2.25 MUTUAL BENEFITS ASSURANCE PLC. 0.50 N.E.M INSURANCE CO (NIG) PLC. 0.75 NIGER INSURANCE CO. PLC. 0.50 OASIS INSURANCE PLC 0.58 PRESTIGE ASSURANCE CO. PLC. 0.58 REGENCY ALLIANCE INS. COY PLC NT SOVEREIGN TRUST INSURANCE PLC 0.50 STACO INSURANCE PLC 0.50 STANDARD TRUSTASSURANCE PLC 0.50 STANDARD ALLIANCE INS. PLC. 0.50 UNIC INSURANCE PLC. 0.50 UNITY KAPITAL ASSURANCE PLC 0.50 UNIVERSAL INS. COMPANY PLC 0.50 WAPIC INSURANCE PLC 0.80 Micro Finance Banks FORTIS MICROFINANCE BANK PLC NT NPF MICROFINANCE BANK PLC 0.78 Mortgage Carriers, Brokers &Services ABBEY BUILDING SOCIETY PLC 1.35 ASO SAVINGS AND LOANS PLC NT INFINITY TRUST MORTGAGE BANK PLC NT RESORT SAVINGS & LOANS PLC NT UNION HOMES SAVINGS&LOANS PLC 0.5 Other Financial Institutions AFRICA PRUDENTIAL REGISTRARS 3.57 CRUSADER ( NIG) PLC. NT DEAP CAPITAL MGT & TRUST PLC 0.99 FBN HOLDINGS PLC 11.67 FCMB GROUP PLC 3.28 NIG SEW. MACH. MAN. CO. PLC. NT NIGERIA ENERYGY SECTOR FUND 552.2 ROYAL EXCHANGE PLC. 0.59 STANBIC IBTC HOLDINGS PLC 19.50 UBA CAPITAL PLC 2.40 HEALTHCARE Healthcare Providers EKOCORP PLC. NT UNION DIAGNOSTIC &CLINICAL PLC NT Medical Supplies MORISON INDUSTRIES PLC. NT Pharmaceuticals EVANS MEDICAL PLC. 2.45

NOTE NT=Not Traded on 14-03-14

QUANTITY

52 WK HIGH

52 WK LOW

83,200 78,609 38,300

0.64 107.81 41.14

0.50 20.92 8.24

SHARES OUTSTANDING

2,200,000,000 476,955,000 1,000,000,000

EPS

0.10 2.29 7.55

MOV. (%)

N/A #VALUE! -2.27

Previous

NT NT 44.00

70

4.26

4.26

60,000,000

0.00

N/A

NT

210,000

7.18

0.68

1,199,549,736

0.07

-1.86

3.76

28,315 35 25,000 67,199 17,176,903 272,241

2.08 6.43 5.89

0.71 4.15 1.07

2,191,895,983 963,900,300 389,151,408

0.11 0.16 1.09

-7.55 N/A N/A

5.89 71.10

0.50 28.00

821,666,666 1,600,720,323

0.09 4.38

N/A N/A

1.59 3.95 1.21 5.06 3.97 36.00

20 3

26.00 95.49

5.05 95.49

148,500,000 196,876,000

0.33 4.50

N/A N/A

NT NT

601,612 3

2.66 14.46

0.72 14.46

920,573,765 125,000,000

0.00 0.00

N/A N/A

1.61 NT

7,291 125,934

83.75 10.60

19.86 6.61

1,200,000,000 20,000,000

6.74 1.69

0.00 N/A

75.00 8.46

NT 76,662

7.28 20.90

7.28 8.82

1,375,000,000

0.00 2.20

N/A -8.43

NT 21.95

1,000 20 150

100.00 50.00 10.50

100.00 50.00 0.00

20,000,000 250,019,781

5.82 0.19

N/A N/A

NT NT NT

8,000

0.50

0.50

4,772,528,415

0.00

N/A

0.50

2,500 10,082 55,561 555,548 206,000 14,550 10,000

19.48 0.68 297.41 30.00 9.09 179.40 0.97

3.13 0.68 209.10 5.34 0.81 91.10 0.93

900,000,000 272,160,000 1,474,925,519 2,112,914,681 562,000,000 7,562,562,340 126,000,000

0.00 0.00 8.66 0.63 0.00 5.03 0.00

N/A N/A -6.11 N/A N/A -16.68 N/A

NT NT 180.00 27.99 3.96 146.42 NT

13,196

75.90

38.12

640,590,362

4.46

N/A

82.64

NT 150,724 5,588,268 100,800 1,491,623 53,816 2,000 192,008 2,08124,000 55,048 69,800

0.50 10.68 12.85 109.24 4.11 1.21 29.70 14.00 5.94 0.93 13.31

0.50 3.85 3.26 50.00 1.83 0.50 17.51 3.65 5.35 0.50 4.22

2,000,000,000 5,000,000,000 12,000,000,000 1,879,210,666 7,930,197,658 3,722,493,620 178,200,000 40,000,000 1,233,375,004 360,000,000

0.00 0.00 0.81 3.38 0.34 0.00 0.00 1.05 0.08 1.13 0.00

N/A 0.00 -14.18 0.00 -4.04 N/A N/A -5.00 N/A -3.57 N/A

NT 9.50 11.00 76.00 3.96 0.50 22.01 13.00 NT 0.56 13.51

186,235 78,943

64.53 1250.00

8.33 400.00

3,129,188,160 792,656,250

1.57 28.34

0.47 -6.70

85.00 1,100.00

NT NT 145,520 11,000

15.58 36.19 5.54 2.88

10.03 32.27 2.91 0.57

63,360,000 819,000,000 300,000,001

3.90 13.92 0.71 0.00

N/A N/A -2.28 N/A

NT NT 4.38 1.66

158,058 85,818

56.00 76.00

21.02 27.60

3,176,381,636 3,783,296,250

1.34 1.42

-2.83 -4.08

34.99 49.00

NT

0.97

0.57

843,284,027

0.00

N/A

NT

14,367,944 6,655,042 178,804 3,856,112 NT 21,473,688 1,463,804 10,359,778 23,917,848 1,514,968 39,746,030 1,299,333 15,048,843

12.39 7.85 17.51 3.47 8.30 29.99 7.05 3.05 9.60 15.30 1.16 1.88 27.40

4.70 1.92 9.90 1.13 3.04 13.02 2.65 0.80 1.64 2.34 0.50 0.50 11.96

17,888,251,479 14,475,243,105 9,873,614,567 28,974,797,023 16,271,192,202 29,146,482,209 13,219,334,676 12,563,091,545 32,334,693,693 13,509,726,273 33,675,576,085 12,821,249,880 31,396,493,790

1.61 1.71 3.67 0.68 0.60 3.08 0.97 0.63 1.70 0.44 0.18 0.00 3.30

0.13 -5.11 -3.72 -3.54 #VALUE! -5.16 -3.59 -4.35 -10.12 3.87 0.00 -2.86 -0.33

7.50 6.85 14.50 2.26 NT 24.99 3.90 2.30 7.81 9.81 0.50 1.05 21.45

500,380 1,084,918 NT 30,000 5,121,978 26,000 9,054,578 1,500 NT 2,750 2,200 NT 534,937 NT 35,000 1,000 1,900 3,000 1,000 5,964,810 10,000 4,628,960 1,010,051 200 1,000 1,000 1,000 3,000 1,000 1,500 10,000 1,064,273

0.50 1.42 0.64 0.52 1.45 0.72 2.44 0.50 0.69 0.60 0.50 2.50 2.50 0.50 0.50 0.61 0.50 2.87 0.63 1.01 1.11 0.50 1.24 0.53 0.59 0.50

0.50 0.50 0.61 0.50 0.58 0.50 1.08 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 1.06 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50

20,585,000,000 7,809,391,256 211,626,000 6,000,000,000 10,372,624,157 8,820,010,363 5,100,846,808 8,847,298,420 4,549,947,000 3,827,485,380 720,000,000 5,061,804,000 6,420,427,449 28,000,000,000 7,323,313,227 3,437,330,500 4,083,713,569 10,000,000,000 7,998,705,336 5,332,830,881 5,649,693,923 5,003,506,791 2,508,315,436 6,668,750,000 5,203,757,266 6,141,087,609

0.00 0.19 0.00 0.05 0.15 0.02 0.24 0.01 0.00 0.03 0.01 0.00 0.00 0.02 0.00 0.00 0.02 0.25 0.00 0.37 0.02 0.04 0.06 0.04 0.09 0.00

N/A 0.00 N/A N/A 0.00 0.00 0.00 N/A N/A N/A N/A N/A 0.00 N/A N/A N/A 0.00 -2.17 N/A -5.06 N/A N/A 7.41 N/A 0.00 N/A

0.50 0.50 0.50 0.50 1.55

0.50 0.50 0.50 0.50 0.50

8,493,173,450 2,581,733,505 13,000,000,000 16,000,000,000

0.00 0.00 0.02 0.00 0.07

N/A N/A N/A N/A

0.50 0.85 NT 0.50 1.05 0.50 NT 0.50 NT 0.59 0.50 NT 0.67 NT 0.50 0.50 0.50 2.30 0.50 0.79 0.50 0.52 0.54 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.87

4,100 8,600

6.60 1.22

0.00 0.72

500 3,000 136,599 20 109,500

1.65 0.50

1.37 0.50

4,200,000,000 8,679,148,676

0.03 0.02

N/A N/A

0.50 0.99

0.50 0.50

13,175,732,404 7,812,500,000

0.30 0.00

N/A N/A

4,783,163 NT 500 64,052,564 3,543,300 NT 250 212,000 1,451,612 291,474,979

2.1 0.61 2.02 21.50 5.70 0.15 552.20 1.33 20.72 1.70

0.5 0.50 2.02 8.57 2.90 0.15 555.20 0.50 10.64 0.00

170 5,500

5.05 0.50

4.32 0.50

1.18 0.19

3,778,005,975 1,333,333,333 32,632,084,358 5,880,000 2,500,000 3,608,657,661 18,750,000,000

498,600,908 3,553,138,528

0.63 0.00 0.15 2.45 1.23 0.00 12.68 0.13 1.53 0.29

0.13 0.00

NT NT

N/A N/A -10.64 N/A N/A N/A -4.83

N/A N/A

NT 0.50 NT 0.50 0.5 4.1 NT NT 13.06 3.41 NT NT 0.59 20.49 2.84

3.72 NT

3,800

10.54

7.39

152,178,750

0.00

N/A

1.91

200,000

4.80

0.50

486,473,856

0.58

-9.26

2.70

N/A=Not Avialable

SECURITY

PRICE (=N=)

FIDSON HEALTHCARE PLC 3.15 GLAXO SMITHKLINE CONSUMER PLC 70.00 MAY & BAKER NIGERIA PLC. 2.04 NEIMETH INT PHARM PLC NT NIGERIA-GERMAN CHEMICALS PLC. NT PHARMA-DEKO PLC. 1.57 ICT Computer Based Systems COURTEVILLE BUSINESS SLN PLC 0.71 Computers and Peripherals OMATEK VENTURES PLC NT Electronic Communications Services MTECH COMMUNICATIONS PLC NT IT Services COMPUTER WAREHOUSE GROUP PLC 5.85 NCR (NIGERIA) PLC. NT TRIPPLE GEE AND COMPANY PLC. NT Processing Systems CHAMS PLC 0.50 E-TRANZACT INTERNATIONAL PLC NT Telecommunications Carriers STARCOMMS PLC NT Telecommunications Services IHS NIGERIA PLC PREF SHARES NT IHS PLC NT MTI PLC NT INDUSTRIAL GOODS Building Materials AFRICAN PAINTS (NIGERIA) PLC. 2.72 ASHAKA CEM PLC 16.16 BERGER PAINTS PLC 9.48 CAP PLC 45.00 CEMENT CO. OF NORTH.NIG. PLC 8.76 DANGOTE CEMENT PLC 234.70 DN MEYER PLC. 1.34 FIRST ALUMINIUM NIGERIA PLC NT IPWA PLC NT LAFARGE WAPCO PLC. 111.00 PAINTS & COATINGS MANFACT.PLC 1.90 PORTLAND PAINTS & PRDT NIG. PLC 5.13 PREMIER PAINTS PLC. 10.93 Electronic and Electrical Products AUSTIN LAZ & COMPANY PLC NT CUTIX PLC. 1.83 NIGERIAN WIRE AND CABLE PLC. 0.50 NIGERIAN WIRE IND. PLC NT Packaging/Containers ABPLAST PRODUCTS PLC. NT AVON CROWNCAPS & CONTAINERS NT BETA GLASS CO PLC. 19.02 GREIF NIGERIA PLC NT NIG. BAGS MANFACT. COY PLC NT POLY PRODUCTS (NIG) PLC. NT W A GLASS IND. PLC. NT Tools and Machinery NIGERIAN ROPES PLC NT STOKVIS NIG PLC. NT NATURAL RESOURCES Chemicals B.O.C. GASES PLC. NT Metals ALUMACO PLC NT ALUMINIUM EXTRUSION IND. PLC. NT MINING SERVICES MULTIVERSE PLC 0.50 Paper/Forest Products HALLMARK PAPER PRODUCTS PLC. NT THOMAS WYATT NIG. PLC. NT OIL AND GAS Energy Equipment and Services JAPAUL OIL & MARITIME SER. PLC 0.50 Integrated Oil and Gas Services OANDO PLC 16.15 Petroleum &Petroleum Products Distributors AFROIL PLC NT BECO PETROLEUM PRODUCT PLC NT CONOIL PLC 51.90 ETERNA PLC. 3.80 FORTE OIL PLC. 104.00 MOBIL OIL NIG PLC. 120.90 MRS OIL NIGERIA PLC. 54.44 TOTAL NIGERIA PLC. 166.05 SERVICES Advertising AFROMEDIA PLC 0.50 Apparel Retailers LENNARDS (NIG) PLC. NT Automobile/Auto Part Retailers R T BRISCOE PLC. 1.35 Courier/Freight/Delivery RED STAR EXPRESS PLC 4.40 TRANS-NATIONWIDE EXPRESS PLC. 2.75 Employment Solutions C & I LEASING PLC. 0.50 Hospitality TANTALIZERS PLC 0.50 Hotels/Lodging CAPITAL HOTEL PLC NT IKEJA HOTEL PLC 0.69 TOURIST COMPANY OF NIGERIA PLC. NT TRANSNATIONAL CORP. OF NIG.PLC NT Media/Entertainment DAAR COMMUNICATIONS PLC NT Printing/Publishing ACADEMY PRESS PLC. NT LEARN AFRICA PLC 1.72 STUDIO PRESS (NIG) PLC. NT UNIVERSITY PRESS PLC. 3.88 Road Transportation ABC TRANSPORT PLCPLC 0.91 Specialty INTERLINKED TECHNOLOGIES PLC NT SECURE ELECTRONIC TECH.PLC NT Transport-Related Services AIRLINE SERVICES AND LOGISTICS PLC NT NIG. AVIATION HANDLING COY PLC NT ASeM CONSTRUCTION/REAL ESTATE Property Management SMART PRODUCTS NIGERIA PLC NT CONSUMER GOODS Food Products MCNICHOLS PLC NT Personal/Household Products ROKANA INDUSTRIES PLC. NT HEALTHCARE Pharmaceuticals AFRIK PHARMACEUTICALS PLC. NT INDUSTRIAL GOODS Electronic and Electrical Products NT ADSWITCH PLC. NT NATURAL RESOURCES Metals W.A. ALUM. PRODUCTS PLC. NT OIL AND GAS Petroleum & Petroleum Products Distributors ANINO INTERNATIONAL PLC. NT CAPITAL OIL PLC 0.50 RAK UNITY PET. COMP. PLC. NT UNION VENTURES & PET. PLC NT SERVICES Apparel Retailers UDEOFSON GARMENT FACT. NIG PLC NT Food/Drug Retailers and Wholesalers NT JULI PLC. NT ETF’s Sector ETF NEWGOLD EXCHANGE TRADED FUND 2,189.00

QUANTITY

52 WK HIGH

52 WK LOW

SHARES OUTSTANDING

EPS

MOV. (%)

1,599,582 69,634 16,439 23,000 2,704 354

2.50 69.00 3.38 1.76 8.59 3.50

0.61 18.97 1.23 0.58 7.36 1.83

1,500,000,000 956,701,192 980,000,000 1,925,717,268 153,786,012 100,000,000

0.24 3.07 0.09 0.00 0.00 0.00

5.00 0.00 -3.32 #VALUE! N/A N/A

3.00 70.00 2.11 1.85 7.36 1.57

118,000

0.96

0.50

2,960,000,000

0.11

0.00

0.70

2,600

0.50

0.50

2,941,789,472

0.00

N/A

0.50

NT

0.91

0.91

4,966,666,668

0.00

N/A

NT

Previous

118,000 231,741 329

18.70 2.94

13.12 2.07

108,000,000 492,825,600

0.00 0.03

N/A N/A

5.85 15.99 1.97

2,706,100 4,400

0.50 4.97

0.50 3.13

4,620,600,000 4,200,000,000

0.04 0.04

N/A N/A

0.50 2.32

4,000

1.47

0.50

6,878,478,096

0.00

N/A

NT

NT 1,322,655 60

2.25 3.79 0.50

0.00 1.70 0.50

4,400,000,000 4,893,594,400

0.00 0.00 0.00

N/A N/A N/A

NT NT NT

2,000 274,963 734,014 25,453 908,570 278,205 62,984 1,000 54,000 3,192,152 10,000 7,110 20

2.86 29.98 12.20 67.50 12.99 210.01 3.54 0.75 1.34 110.00 2.41 7.22 10.93

2.86 8.01 6.82 13.78 4.00 102.00 0.50 0.50 0.50 39.80 0.50 2.27 10.93

260,000,000 2,239,453,125 217,367,585 560,000,000 1,241,548,285 15,494,019,668 242,908,200 2,109,928,275 513,696,000 3,001,600,004 792,914,256 400,000,000 75,000,000

0.07 0.80 0.91 1.66 1.12 5.77 0.06 0.00 0.00 6.83 0.36 0.43 0.00

N/A -4.38 -3.95 -0.55 -9.69 -1.14 N/A N/A N/A 0.91 N/A N/A N/A

2.72 16.90 9.87 45.25 9.70 237.40 1.48 0.50 0.59 110.00 1.81 5.40 NT

NT 360,800 10,000 NT

2.00 2.39 0.73 2.58

2.00 1.20 0.50 2.58

510,396,608 2,220,000,000 15,000,000

0.05 0.19 0.00 0.00

N/A -8.50 N/A N/A

NT 2.00 0.50 NT

NT 3,081 500 130 NT NT NT

3.98 5.94 13.18 13.28 3.60 1.86 0.63

3.98 1.71 9.04 12.68 1.60 1.05 0.63

N/A N/A

42,640,000 6,215,000,000 240,000,000 199,066,550

0.00 0.00 3.23 0.90 0.24 0.22 0.00

N/A #VALUE! N/A N/A

NT 1.63 19.45 NT NT NT NT

NT NT

8.69 0.14

8.26 0.14

265,409,280 2,918,000

0.00 0.00

N/A N/A

NT NT

25,000,000 683,974,528

16,572

9.35

5.68

393,120,000

0.76

#VALUE!

NT

172 100

7.75 12.39

7.75 10.55

75,600,000 100,000,000

0.00 0.24

N/A N/A

7.75 NT

33,333,333

0.50

0.50

4,058,989,226

0.01

N/A

0.50

NT 43,412

3.22 1.38

3.22 0.67

50,000,000 220,000,000

0.04 0.00

N/A N/A

NT NT

1,266,350

1.02

0.50

6,262,701,716

0.00

0.00

0.50

4,602,633

24.80

9.32

2,262,711,568

1.24

-15.00

19.00

NT 21,500 33,738 581,452 1,488 18,837 100 22,810

20.71 0.70 76.00 4.87 115.64 146.00 59.00 190.01

20.71 0.50 16.96 1.32 7.73 106.00 16.20 118.75

125,487,475 3,716,976,579 693,952,117 1,249,162,828 1,080,280,628 300,496,051 253,988,672 339,521,837

0.00 0.00 2.69 0.61 1.43 9.93 1.04 12.91

N/A N/A 5.66 -3.80 0.00 0.63 N/A -4.02

NT NT 49.12 3.95 104.00 120.14 54.44 173.00

4,035,497,307

0.00

N/A

NT

0

N/A

NT

30

0.72

0.50

200

3.48

3.48

8,272

2.45

1.00

980,294,400

0.00

0.00

1.35

264,000 1,250

5.10 3.45

2.19 0.73

589,496,310 198,819,763

0.52 0.00

-3.93 N/A

4.58 2.75

9,000

1.64

0.85

865,808,912

0.00

N/A

0.55

10,000

0.75

0.50

3,211,627,907

0.00

N/A

0.50

150 654,700 260 NT

8.00 1.72 4.53 1.95

3.00 0.64 4.08 0.50

1,548,780,000 2,078,796,396 1,772,884,297 25,813,998,283

0.23 0.00 0.00 0.22

N/A 4.55 N/A #VALUE!

NT 0.66 NT NT

20,000

0.51

0.50

8,000,000,000

0.43

N/A

0.50

60,000 8,000 1,080 489,461

4.10 3.09 2.78 5.77

1.57 1.39 2.52 3.00

403,200,000 771,450,000 425,641,111

0.22 0.00 0.00 0.61

N/A N/A N/A -9.77

1.72 1.90 2.40 4.30

1,025,000

1.29

0.50

1,507,000,000

0.21

N/A

0.97

5,530 250,800

5.15 1.88

4.90 0.80

236,699,511 5,631,539,736

0.00 0.00

N/A N/A

NT 0.5

17,065 714,676

5.90 8.81

1.27 5.08

634,000,000 1,230,468,750

0.50 0.43

N/A #VALUE!

3.01 5.50

60

1.43

1.04

45,000,000

0.12

N/A

NT

700

2.26

1.02

201,885,335

0.00

N/A

1.37

11,000

0.60

0.60

30,000,000

0.00

N/A

0.60

NT

0.50

0.50

24,898,850

0.00

N/A

NT

NT NT

1.88

1.63

125,005,250

0.00

N/A

NT NT

NT

0.50

0.50

6,650,000

0.00

N/A

NT

NT 5,000 NT 178,625

0.21 0.50 0.31 0.63

0.21 0.50 0.31 0.63

24,200,000 5,857,500,000 15,000,000 98,600,000

0.00 0.00 0.00 0.00

N/A N/A N/A N/A

NT 0.50 NT NT

NT NT 10,000

0.50

0.50

20,000,000

0.00

N/A

3.05

2.76

194,700,000

0.00

N/A

NT NT 1.93

150

2,706

2,003

#VALUE!

NT


A24 40

Business Courage

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

7 bedroom mansion with 3 sitting rooms, 2 bedroom guest chalet, 2 rooms boys quarters, swimming pool, barbecue hut and gate house on TY Danjuma Asokoro, Abuja.

7 units of 3 bedroom and 2 bedroom luxurious apartments with 1 room BQ each with modern amenities 60KVA generating set at Garki II, Abuja

6 units of 3 bedroom terrace duplex with 2 living room, 1 room BQ each, a dedicated transformer, 220 KVA generator, 2 boreholes and a large parking space at Gwarimpa, Abuja

For all your real estate needs, enquiry and inspection, please contact

NICON PROPERTIES LIMITED 3rd Floor, Right Wing, Nigeria Reinsurance Building, Plot 784A Central Area, Abuja

08067770999 & 08033203414 Email: niconpropertiesltd@gmail.com www.niconpropertieslimited.com.ng


National Mirror www.nationalmirroronline.net

Monday March 17, 2014

Monday March 17, 2014

National Mirror National News www.nationalmirroronline.net

41 41

Law & Justice nationalmirrorlaw@yahoo.com

Where the prosecutor and the judge in the cause are the same persons, there can be no fair hearing and the rules of natural justices would seem to have been violated. JUSTICE ADOLPHUS KARIBI-WHYTE, RETIRED JUSTICE, SUPREME COURT OF NIGERIA.

Lawyers renew clamour for financial autonomy of judiciary

Selection, preference of people must count at National 42

The defence of necessity and the remedies of damages in Torts 46

Justice Ademola

AGF, Adoke

A recent judgement of a Federal High Court in Abuja sought to put an end to undue financial strangulation of the judiciary when it prohibited the executive arm from holding onto the funds meant for the third arm of government. Both the Federal and state governments are yet to obey the judgement. KAYODE KETEFE, Assistant Head, Judiciary Desk, examines this issue. The 1999 Constitution of Nigeria makes provision for the funds meant for the Judiciary organ of government to be drawn as a first line-charge of monetary allocation with a view to ensuring the independence and impartiality of the Judiciary. Thus, the said arm of government should get its funds directly from the federal treasury. As benign as this provision is, the spirit behind it seems to have been removed through some executive policy being perpetrated over the years. The Executive has developed the culture of unduly holding on to the funds and releasing same piecemeal to the Judiciary. Goaded with the desire to arrest the trend, the Judiciary Staff Association of Nigeria (JUSUN) went to court to contest the legality of this practice. The National Judicial Council (NJC), the Federal Government and the governments of the 36 states of the Federation were joined in the suit as co-defendants. At length, the judgement came

on Monday January 13, 2014, when Justice Adeniyi Ademola of the Federal High Court directed that funds meant for the judiciary should be disbursed directly to the heads of court and not to the executive arm of government. The judge then restrained the heads of the federal and state executive arms of government from holding on to funds appropriated for the judiciary. The judge stated that the piecemeal allocation of funds through the states’ ministry of finance to the states’ Judiciary at the Federal Government and states’ pleasure, “was unconstitutional, unprocedural, cumbersome, null, void, and should be stopped forthwith.” This judgement was lauded by many stakeholders who saw it as a landmark judicial pronounce-

ment that would bring about the much-needed financial autonomy for the sacred organ. Since that judgement was delivered, neither, the Federal government nor states government appeal nor sought for stay of execution of the judgment, yet they have not obeyed it. This prompted the JUSUN, to resort to threat to embark on industrial action. The National Executive Council of the union after a three-day NEC meeting recently held in Ilorin, Kwara State, ordered its members to proceed on a three day warning strike from March 12 (which is the two- month anniversary of the judgement). In a communiqué it issued at the end of its meeting, the union stated it was appalled that despite the judgment, the government had

THE EXECUTIVE HAS DEVELOPED THE CULTURE OF UNDULY HOLDING ON TO THE FUNDS AND RELEASING SAME PIECEMEAL TO THE JUDICIARY.

refused to pay funds accruable to the states’ judiciary in the Federation Account directly to the heads of courts as directed. JUSUN claimed that the Attorney-General of the Federation and the state governors not only failed to implement the judgment but actually resorted to threatening the heads of courts and deducting salaries of unions’ executives and members in their states. The union stated “The Judiciary Staff Union of Nigeria wishes to state clearly and unequivocally that the judgment of the Federal High Court, Abuja, which is clear and unambiguous, and the financial autonomy and the independence of judiciary is non-negotiable. “It is expected that from the date of the judgement of 13/1/2014, the Accountant- General of the Federation, the Accountant -General of states of the federation, the Auditor General of the Federation and states and the executive governors of states, who are already served with the court order, should have completed the process of handing over all necessary accounting materials affecting judiciary of the states to the heads of courts in accordance with the judgement. “It is further expected that the preparation of vouchers, issuance of cheques for salaries and allowances of the judiciary CONTINUED ON PAGE 44


42

Law & Justice

Monday March 17, 2014

National Mirror www.nationalmirroronline.net

Selection, preference of people must count Chief Mike Ozekhome, a Senior Advocate of Nigeria (SAN), is a vociferous human rights activist who has consistently advocated for convocation of a sovereign national conference as a panacea to Nigeria’s problems. Given his pedigree, not a few Nigerians were surprised when his name was initially excluded from the list of the delegates to the conference. The lawyer speaks in an interview with KAYODE KETEFE, Assistant Head, Judiciary Desk, shortly before his name was included in the list. Given your profile as a human rights activist who is always in the vanguard of convention of national conference, how do you see your exclusion from this forthcoming conference? Some powerful forces were working against my inclusion in this conference. All Nigerians know that I have been an advocate of sovereign national conference. It is on record that when I was released by the kidnappers on September 12, 2013, one of the seven-point demands I made to the Federal Government was the convocation of a national conference. I said this could be called any name whether national summit, national dialogue, national conference or conference of ethnic nationalities or sovereign national conference. Can you give a little more information why you think your exclusion is the handiwork of some forces? It was satisfying that with a little more than two weeks after I gave the said seven-point agenda, President Jonathan announced on October 1, 2013 the convocation of a national conference. All the people of Afenmai and Edo North of Nigeria met at Auchi last month and unanimously chose me as their delegate. They spoke in one voice to espouse their rights to choose their representative to represent them as a people forming part of Nigeria. All the traditional rulers, led by Otaru of Auchi, the women, the youths, the students and the entire elite of Afenmai land chose me. They gave my name to Governor Adams Oshiomhole who sanctioned it. Oshiomhole sent my name to the Government of the Federation with a covering letter. It was taken for granted that I was part of the conference. What then happened? Then, the list came out and my name was excluded! We now found out that another person is being imposed by the outsiders on the people of Afenmai as their “representative” There was widespread anger by the people of Afenmai. I learnt that at an emergency meeting convened by the said people in Auchi on Saturday, March 8, 2014, they called for my immediate reinstatement as their representative and roundly denounced and condemned the strange fellow being foisted on them through external manipulation. The Afenmai people are not a conquered people neither are they subjugated nor enslaved in the polity of Nigeria. What then is the way forward? The selection and vote and preference of the people must count and unless this is allowed to happen, the entire conference is dead on arrival because it will show there is a fifth columnist at

Ozekhome

WHEN I WAS RELEASED BY THE KIDNAPPERS ON SEPTEMBER 12, 2013, ONE OF THE SEVEN-POINT DEMANDS I MADE TO THE FEDERAL GOVERNMENT WAS THE CONVOCATION OF A NATIONAL CONFERENCE. work against the President Jonathan’s original intention. We learnt that you played a major role when this kind of conference was held the last time? Yes. I was a member of the 2005 National Political Reform Conference when I was elected as the spokesperson of the entire South-South delegates led by Chief E. K. Clarke and Dr. Mathew Mbu. I was the Chairman of the Subcommittee of the Civil Society, Labour, Trade Unions and the Media. I was also a member of the Vision 20:20:20: 2009, in the Law and Judiciary thematic area. I submitted a memorandum to Afenmai people and Edo people which was bought into and used for Afenmai and Edo State’s position.

How would you rate the performance of the Nigerian Judiciary? I will rate Nigeria Judiciary, despite her challenges above the other two arms of government. The Judiciary has fared as the best of the arms. You would remember that after Major Kaduna Chukwuma Nzeogwu executed his military putsch on January 15, 1966, the military took over power. Of course, we all know the story of the coup, the counter-coup and how Nigeria was plunged into a three-year bloody civil war. The rest is history. But even under such tyrannical military dictatorship which was successive from 1966 with a little break between 1979 and 1983 and from that year till 1999, the Judiciary held her head high even in the face of blaring siren of power. Even in the face of the most atrocious, autocratic and des-

potic dictatorship, the Judiciary said no to oppression, the rule of law must be upheld even under the military totalitarians. We have recorded some epochal and history defining cases like the Governor of Lagos State v. Ojukwu, Bello v. Attorney-General of Oyo State. We saw the Judiciary even declaring null and void certain acts that were carried out under military decrees! Go and check out the case of Mike Ozekome v. President Ibrahim Babangida which is against removal of oil subsidy. The Judiciary refused to be intimidated. The Judiciary remains the bulwark of the common man against oppression, against repression, subjugation and exploitation. It has fared better than the Executive where corruption has been most pronounced; it has fared better than the legislature. Having said that there is no denying the fact that there is still corruption in the Judiciary and this is unfortunate. But I make bold to say that it is only a negligible percentage of corrupt people How would assess the other two arms of government? They are the ones draining the national resources unduly, Today, the


National Mirror www.nationalmirroronline.net

Law & Justice

Monday March 17, 2014

43

at National Conference, says Ozekhome UNDER A GOOD

FEDERAL SYSTEM, THERE SHOULD BE TOTAL AND COMPLETE RESOURCE CONTROL BY THE REGIONS average take home of a legislator is anything from 10-15 million naira per month. That is even for a normal legislator, not the one heading a committee. That is different from the quarterly take home which they are now increasing from N27 million to around N35 million. So to become a legislator today is highly merchantilistic, it is a job that pays. Today we have 360 members of the representatives and 109 members Senate. What are we doing with about 469 legislators? They are merely draining the country of our meagre national resources. Why do we need a bicameral legislature? What we need is unicameral legislature made up of not more than 360 representatives per state. I therefore suggest that we should scrap one of the arms of the legislature and have a unicameral system which is made up of not more than 109 members representing the peoples and drawn all over the country. With the endemic corruption in the system, you find Nigeria battling to hold her head aloft from the waters. You find Nigeria spending nearly 85 per cent of her annual budget on recurrent expenditure rather than capital expenditure; it is the capital expenditure that gives food shelter and medical care and security to the people. It is the capital projects that give us good roads, hospitals etc. Today capital projects suffer because of recurrent expenditure. The executive arm is also wasteful. The President has a minimum of at least 42 ministers and this is the constitutional provision! So you already have a behemoth gargantuan edifice called government. Each of these Ministers appoints a Special Adviser and the Special Adviser himself appoints a Senior Special Assistant and the Senior Special Assistant appoints a Special Assistant and the Special Assistant himself appoints a Personal Assistant, himself appoints a Personal Aide etc! So you have stages and layers of one position giving birth to about six more and all of them are living on the money of the country. A country where no one is asking how the cake is baked but simply how we eat the already baked cake. How did our problems began as a nation? We have had all sorts of all sorts of constitutions with all sorts of problems. When you look at the constitutional and political history of Nigeria you’ll know that our problems are system and ancient. It did not just

start. Nigerians never even agreed to live together as one country. What we had were disparate nations. We had the Benin Kingdom, Old Oyo Empire. We had different ethnic nationalities, the Ijaw were different, so the Hausa, the Kanuri etc. We were already living peacefully respecting each other when the British came, they decided to introduce indirect and direct ruling systems. In 1898, a young beautiful white lady, Miss Flora Shaw wrote an article in the London Financial Times to the effect that “That area around the Nigeria is meant for the British people”, The words “Niger Area” later became corrupted into Nigeria. That lady providentially later married the Governor-General of Nigeria, Lord Lugard who amalgamated the Northern and Southern Protectorates to form what we now call Federal Republic of Nigeria. Were the colonialists justified by that decision? This forcing together of non-homogenous people has caused a lot of problems. This is what made the late Chief Obafemi Awolowo in one of his books to say that Nigeria was just a mere geographical expression. The same thing forced the late Sardauna of Sokoto to say that Nigeria was a piece of historical mistake! Thus Nigerians started to suffer hiccups of nationhood. That led us to the 1922 Clifford Constitution which we found unworkable because it was highly unitary and colonial imposed. We then had 1946 Arthur Richard Constitution, which tried to give some semblance of federalism but could not succeed. That led us to the 1951 Macpherson Constitution which again failed abysmally for not taking into reckoning the various disparate na-

Ozekhome

tures of the peoples of Nigeria. We then had the 1954 Lyttleton Constitution, it also failed. We later had independence Constitution of 1960 which bestowed on us mere flag independence. From then we had 1963 Republican Constitution and later the 1979 Constitution which first introduced the presidential system of government. After that we had series of military regime and later 1989 unused constitution before we had 1999 Constitution hurriedly put together by the Provisional Ruling Council, headed by General Abdusalami Abubakar. That is our constitutional journey so far; that is how we came about our present 1999 Constitution which has been amended for not less than three times. It is not a constitution that enjoys the acceptability and respectability of the people. The constitution itself is therefore a liar, the constitution was just Decree 47, but it tells lie against itself when it said the people of Federal Republic of Nigeria have decided to give ourselves the following constitution. That is a lie, we Nigerians never met at any Assembly to give ourselves the constitution. The entire attempt made to repair the constitution, to me, would always come to naught. This is because if the foundations is bad and is cracking you do not solve the problem by patching the walls of the building and applying paints. No, you have to go the roots, dig up the foundations and put the heavy mortal and iron rod to hold the building. That is the way you can overcome the challenge. If you choose to patch, when next there is tear it would be far bigger than what you had patched up. What would you recommend as good system for our fiscal federalism?

Under a good federal system, there should be total and complete resource control by the regions. Formerly, each region controlled 50 per cent of its natural resources, 25 per cent was paid to the Federal Government while the remaining 25 per cent are shared by the states. Thus, a state producing the resources which had already got 50 per cent would get additional percentage from the shared 25 per cent. Today, you want the people of the South-South to dance egbabonalimi dance or mpokiti and atilogwu dance for being given 13 per cent of their own natural resources. The various Premiers of Nigeria used in the first republic to develop their respective regions. It is resources of the Western Region that the late sage, the brilliant and mercuarial Chief Obafemi Awolowo used to develop the South West. He gave the Yoruba people free education at all levels. This made an average Yoruba man today, whether you like it or not, the most enlightened human beings in Nigeria. This was due to the foresight of one man. It is the resource control that enabled Awolowo to build Cocoa House, Liberty Stadium, Ibadan, University of Ife in 1962, now named after him. With money of cocoa, he was able to build the first television station in Africa. Do you know that it was the resource control of cotton and groundnuts pyramids that the great Sardauna of Sokoto, Ahmadu Bello was able to build the Northern Nigeria Development Corporation (NDDC) the Durbar Hotel, the Hamdala Hotel, the Ahmadu Bello University, Zaria? Do you not know that it was the resource control of palm oil which people like Akanu Ibiam, Azikiwe and Dr. Mike Okpara used to develop the Eastern Region? We had true federalism before 1966, but what we are having today is a unitary form of government. Today people are fighting not even for the resource control again but only for equitable shares of their natural resources. In the South-South there is destruction of agrarian and aquatic life, their water is not even fit to drink. Where is justice in that? These are some of things causing the problem of the country. Would you rather say the Federal Government should devolve more powers to federating units? The government at the Federal level has become too powerful, to behemoth and lucrative. That is why people sell their houses to be in politics because politics is a big business. That is why people kill themselves because of politics. The centre should devolve more powers to the states. What is the federal Government doing with education? What is the Federal Government doing with car licensing? Just to licence a car the Federal Government must be involved, what kind of federalism is that. There are too many things the Federal Government is involving itself with that should be left for the state to control.


44

Law & Justice

Monday March 17, 2014

National Mirror www.nationalmirroronline.net

‘Fed Govt, states yet to obey court order’ CONTINUED FROM PAGE 41

staff by the Accountants-General of states should have stopped forthwith,” The position of the Judiciary workers was further consolidated when it received an unusual support from Sharia, Area and Customary Courts Judges Association of Nigeria (SACCJAN), which also vowed to join the nationwide strike. However, the union later called off the impeding strike apparently after gestures from the government that it would obey the judgement. It would be recalled that the Judiciary has been facing some dire financial difficulties especially in recent times. The unpalatable state of finances of the Judiciary was disclosed by no other than person than the Chief Justice of Nigeria, Justice Aloma Mukhtar. The CJN openly lamented about the meagre fund allocated to Judiciary during the swearing in of new Senior Advocate of Nigeria in Abuja, on September 23, 2013. Justice Mukhtar had said, inter alia” Over the years, funding of the courts has remained a challenge as evidenced in the condition of many courts in Nigeria today. Statistics have shown that funding from the federal government has witnessed a steady decline since 2010, from N95 billion (in that year to N85 billion in 2011, then N75 billion in 2012 and dropped again in the 2013 budget to N67 billion. “Indeed with this amount, if the amount allocated to the extra-judicial organisations within the judiciary is deducted, the courts are left with a paltry sum to operate “The simple implication is that our courts are increasingly finding it difficult to effectively perform their day to day constitutional roles.” National Mirror sought the views of some top lawyers on this issue. Mrs. Fun-

Bar

Jokes

MY DADDY IS A LAWYER While two families were waiting in line to see the Washington Monument, their two five-year-old boys were getting acquainted. “My name is Joshua. What’s yours?” asked the first boy. “Adam,” replied the second. “My daddy is a doctor. What does your daddy do for a living?” asked Joshua. Adam proudly replied, “My daddy is a lawyer.”

“HONEST?” ASKED JOSHUA. “No, just the regular kind,” replied Adam. Injustice in Hell A man died and was taken to his place of eternal torment by the devil. As he passed sulphurous pits and shrieking sinners, he saw a man he recognized as a lawyer snuggling up to a beautiful woman.

Omole

THE ATTORNEYGENERAL OF THE FEDERATION MUST

PREVAIL ON THE GOVERNMENT TO OBEY THE JUDGEMENT ke Adekoya (SAN), lauded the judgement for endorsing financing autonomy for the Judiciary. She said “The judgement is a laudable one; it will certainly promote the independence of the Judiciary as financial autonomy is an integral part of independence. I don’t want to believe that because the government has not obeyed the judgment till now that it will not obey it. Rather I want to believe that the government that says it believes in rule of law will obey it. It ‘That’s unfair!’ he cried. ‘I have to roast for all eternity, and that lawyer gets to spend it with a beautiful woman.’ ‘Shut up,’ barked the devil, jabbing the man with his pitchfork. ‘Who are you to question that woman’s punishment?’

ROBBED LAWYERS Two lawyers are in a bank, when, suddenly, armed robbers burst in. While several of the robbers take the money from the tellers, others line the customers, including the lawyers, up against a wall, and proceed to take their wallets, watches, etc. While this is going on lawyer number one jams something in lawyer number two’s hand. Without looking down, lawyer number two whispers, “What is this?” to which lawyer number one replies, “It’s that $50 I owe you.”

ALIMONY “Mr. Johns, I have reviewed this case very carefully,” the divorce court judge said, “and I’ve decided to give your wife $275 a week.” “That’s very fair, your honour,” the husband said. “And every now and then I’ll try to send her a few bucks myself.”

Culled from Active Jokes.com

CJN, Justice Mukhtar

Abdulrasheed

will be a positive development for our legal system.” A former publicity Secretary of the Nigerian Bar Association (NBA), Mr. Murtala Abdulrasheed lamented the present system of withholding the money due to the Judiciary adding that that low funding of the sector would lead to judicial inefficiency. He therefore called on the government at all levels to obey the judgment “The government claims it places premium on rule of law. I see no reason why it is dragging its feet on this salutary judgement. If the government really believes in constitutionalism, rule of law, legality, orderliness and good governance, it must prove it by its action and obey the judgement. The Attorney-General of the Federation must prevail on the government to obey it. To refuse to heed the judgement of a court of competent jurisdiction is impunity and an invitation to anarchy.”

The former Chairman of the Ikeja branch of the NBA, Mr. Adebamigbe Omole, urged both the Federal and State Government to obey the judgement for the sake of good governance and rule of law. He said “I think the Nigerian Bar Association, as the umbrella body for all the lawyers in the country that is committed to safeguard the interest of the Judiciary, should take it up. As we know the Judiciary by its nature cannot speak for itself. It therefore behoves the NBA to rise up to the occasion by fighting for the interest of the Judiciary. “I will also use this occasion to call for the government to promptly obey the judgement. The Attorney-General of the Federation, for instance as the chief law officer and the legal adviser to the government must ask the government to obey or else he might be charged for contempt of court. The judgement is a subsisting judgement and must be obeyed”.

LEGAL TIPS DISHONOURED (BOUNCED) CHEQUES LAW IN NIGERIA *The Dishonoured Cheques (Offences) Act was enacted to make it an offence for any person in Nigeria to induce the delivery of any asset or property or to when settling any lawful obligation, write a Cheque which when presented within a reasonable period of time is dishonoured (bounced) on grounds of lack of funds or insufficient funds in the account of the Issuer of the Cheque. Penalty for Dishonoured Cheques? *The penalty for issuing a bounced or dishonoured Cheque in the case of an individual, when found guilty of the offence, is a term of imprisonment for two years without the option of a fine. For corporate organisations, the penalty on being found guilty is a fine of not less than N5,000 (Five Thousand) Naira. *Where it is established that a key officer of a corporate body connived or consented to the dishonouring of a cheque, the individual would also be guilty of an offence with his corporate

body and sentenced personally to a term of two years imprisonment without the option of a fine. Protection of Issuer of Dishonoured (bounced) Cheque *The protection available to the Issuer of a dishonoured Cheque is for him to prove to the satisfaction of the arraigning court that when he issued the Cheque, he had reasonable grounds for believing and did in fact believe that the Cheque would be honoured for payment on presentation within the period specified as he had sufficient funds in his Bank account. What is a Dishonoured Cheque? *A Cheque is said to be dishonoured when upon presentation, value is not given to the Bearer because the Issuer’s account is insufficiently funded or as in some cases, the Bank account of the Issuer of the Cheque is dormant or does not exist.

Culled from Ngex NigeriaExchange -Business


National Mirror www.nationalmirroronline.net

Law & Justice

Monday, March 17, 2014

45

How Amakiri was assaulted in Rivers Govt House Minere Amakiri was a Journalist with the defunct Daily Observer, when he was publicly flogged by the aide-de-camp to the military governor of the old Rivers State, Alfred DieteSpiff about 38 years ago. He challenged the arbitrary act and the high court declared it illegal. FRANCIS FAMOROTI, Head, Judiciary, recalls the epochal case.

FAMOUS CASES

T

he case of Amakiri is a sad reminder of the arbitrary use of power by security operatives appointed as aides to members of the ruling class in the country. Amakiri was a Port Harcourt-based Correspondent of the Daily Observer, a Daily Newspaper published in Benin in the old Mid-West State of Nigeria when his fundamental rights were trampled upon by the security agents. His offence was that he published a story on the plight of teachers in Rivers State, who were demanding better welfare and improved condition of service, during the occasion of the birthday anniversary of the then military Governor, Alfred Diete-Spiff in July 1973. The publication embarrassed the governor, his family, members of his state executive council and the security operatives. Shortly after the publication, he was invited to the state House on July 30, 1973 and queried over the ‘offensive publication’ by the aide-de-camp (ADC) to the military governor, an Assistant Superintendent of Police (ASP), Mr. Iwowari. The journalist proved uncooperative and refused to disclose his source of information to the security operatives. He was detained on the orders of the ADC after the hair on his head had been shaved off and his body was flogged with cudgels. Shortly after he secured his freedom, Amakiri through his lawyer, Chief Gani Fawehinmi, dragged the ADC to the Port Harcourt High Court and sought a declaration that his detention by the defendant from 4.00 pm on July 30, 1973 at the Rivers State Government House was illegal and unconstitutional and N10,000 damages for false imprisonment, assault battery. The matter came before the acting Chief Judge of the state, Justice Allagoa. In his defence, Iwowari averred that in the execution and performance of his duties as a Police Officer in charge of security invited him to his office at the government house for interrogation and investigation on security matters not limited to the Nigerian Observer publication. The defendant said he did not assault or shave any part of Amakiri’s body nor was he aware that the Journalist was assaulted. In his judgement, Justice Allagoa said it was not in dispute from the pleadings and evidence of both parties that the journalist went with Iwowari

Amakiri

on the invitation to the State House Gate which appeared to be a Guard Room or office used by the soldiers and the ADC. According to the judge, ‘’I find that what happened between the plaintiff and defendant during which time only both of them were together was due to plaintiff refusing to be questioned, the defendant lost his temper and in an emotional outburst gave arbitrary orders to the Regimental Sergeant Major (RSM), Frank Dorgu, who came soon after.’’ The court noted that later when Amakiri was taken to the defendant to be released, Iworari realised he had exceeded his bounds and apologised to him that he was sorry and he should forget about the treatment meted out to him. Justice Allagoa said from the testimonies before the court, it was not clear that Amakiri’s arrest and detention was ordered by the then Rivers State military governor. The judge declared that the inference that could be drawn was that the ADC acted on his own initiative. Pointing out that from the pleadings, it was not stated that Amakiri was arrested but was invited by security operatives, the judge said this implied that the journalist went with Iworari on his own volition. Based on this, the court said there no premeditated attempt by the defence to arrest and detain the journalist, but it was from the latter’s conduct during the interrogation that events leading to the detention and assault took place.

Diete-Spiff

AMAKIRI WAS DETAINED ON THE ORDERS OF THE

ADC

AFTER THE HAIR ON HIS HEAD HAD BEEN SHAVED OFF AND HIS BODY WAS FLOGGED WITH CUDGELS ‘’From the evidence before me I am satisfied that the RSM, Frank Dorgu, Lance Corporal Michael Joseph and Nicholas Bakben were innocent agents who had no choice under the Army routine in carrying the orders given them by the defendant. The plaintiff should never have been flogged because whipping as a mode of punishment was abolished by Section 385 of the Criminal Procedure Law as far back as 1960. It is only juveniles that can now be punished by whipping. The defendant is therefore vicariously liable for the acts of the soldiers he gave orders.’’ Justice Allagoa said in the circumstances of this case and having regard to the prevailing atmosphere of arbitrariness in Port Harcourt, which the court believed was responsible for the ADC’s uncivilised conduct, it might serve as a reminder to all concerned that although there was a military

government in power and some democratic provisions of the constitution were consequently suspended, the fundamental human rights touching personal liberty, and other civil liberties were still provided in the Constitution. The judge declared that Amakiri’s detention by the defendant was illegal and unconstitutional and contrary to Section 21 of the 1963 Constitution. In granting the orders sought the court said ‘’ the court are the watchdogs of these rights and the sanctuary of the oppressed and will spare no pains in tracking down the arbitrary use of power where such cases are brought before the court.’’ Justice Allagoa likened the incident to decision of Lord Mansfield in a 1766 case where a Colonel of the Middlesex Militia was ordered to pay 150 pounds for giving a man in the street 20 strokes of the cane. The court awarded Amakiri N200 for every stroke of the cane the journalist got, N2, 600 for being detained illegally and N2, 600 for the shave and pain he got from the defendant. This amounted to a total of N10, 000. Today, Amakiri is no more as he passed on three years ago. To immortalise him, a maiden public lecture and launching of Minere Amakiri foundation was held on August 16, 2012, followed by a thanksgiving service on August 20, 2012 in Port Harcourt. Until his death, the media icon was the Publisher of The Beacon Newspaper n Rivers State.


46

Law & Justice

EVENT

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

The defence of necessity and the remedies of damages in Torts THE ADVOCATE OLUGBEMI FATULA

08037213732 (sms only) E-mail: afribic@yahoo.com

Necessity

W Former, General Secretary, Nigerian Bar Association, (NBA), Mr. Yinka Fayokun and former NBA President, Chief Wole Olanipekun (SAN) at the general meeting of the NBA, Lagos branch recently.

Chief Zik Chukwuka Obi and former chairman, Body of Benchers, Chief Mobolanle Ajomale

Chairman, NBA Lagos branch, Mr. Alex Muoka and the 1st Assistant Secretary, Tochukwu Chukwumerije.

here an act of tortuous nature was deliberately done in order to avoid the occurrence of an act of greater harm or danger, the person who does the act can raise the plea of necessity and may succeed even if injury result provided that that is the only option for him to do at that moment to avoid the greater harm or danger and he acted reasonably in that situation. Necessity entails the choice of a lesser evil so as to prevent greater evil in a compelling situation. It must however be noted that the compelling situation or circumstance must not have been brought about by the negligence of the person. Thus in Cope v Sharpe, (1912) 1 KB 496 a fire broke out on A’s land. While A’s servants were trying to beat it out, the gamekeeper of C (who had shooting rights over A’s land) set fire to some strips of heather between the fire and some nesting pheasants of C. Shortly afterwards, A’s servants succeeded in extinguishing the fire. A sued the gamekeeper for trespass. The gamekeeper was held not liable, because there was real and imminent danger to the game at the moment at which he acted, and what he did was reasonably necessary. In Dewey v White (1827) 173 ER 1079 the defendant was held not liable on ground of necessity when he destroyed the chimney of a burning house so as to prevent it from collapsing onto the public highway and injuring the public. The defense of necessity was also successfully pleaded in Cope v Sharpe, (1912) 1 KB 496 Rigby v Chief Constable of Northampton. (1985) 2 AII ER 986. A good case where the defense was unsuccessfully

pleaded is the case of Kirk v Gregory, (1976) 1 Ex D. 55 where the defendant was held liable for trespass to the goods of her deceased in-law when the deceased in-laws jewellery was stolen by an unknown person even though she only removed the jewellery from one room to another for safety’s sake. It was not proved that such removal was necessary.

Damages

The rule is that the damages to which a claimant is entitled from the defendant in respect of a wrongful act must be recovered once and for all. An award of damages is made in order to compensate the claimant for his injury. An award of damages may, however, be avowedly non- compensatory in intention. If not compensatory, damages may be: contemptuous; nominal; exemplary or punitive, aggravated compensatory damages; or restitutionary. Nominal damages are awarded when the claimant’s legal right has been infringed, his conduct is not open to criticism in the above sense, but he has suffered no actual damages, but he still has a complete cause of action because the tort is actionable per se, for example, trespass to land, or because his cause of action is breach of contract. In Constantine v Imperial Hotels Ltd, (1944) KB 693, the defendants were guilty of a breach of their duty as

AN AWARD OF DAMAGES IS MADE IN ORDER TO COMPENSATE THE CLAIMANT FOR HIS INJURY

common inn-keepers when they unjustifiably refused accommodation in one of their hotels to the claimant, the wellknown West Indian cricketer. Although he was given guineas. An award of nominal damages does not connote any moral obliquity on the claimant’s part. Damages in lieu of injunction A plaintiff applying for an injunction to restrain a violation of right, whether a common law right or an equitable right, is under the obligation of establishing that right and its violation where the existence of the right or the fact of its violation is in dispute. And once, this obligation is discharged, the plaintiff is, prima facie, entitled to an injunction to prevent the recurrence of the violation. The Lord Cairns’ Act of 1858 enabled the court to award damages either in addition to, or in substitution for an injunction. Before then the Court of Chancery had no power to award damages for torts which brought no profit to the wrongdoer, Lindley LJ in Shelfer v City of London Electric Lighting Company, (1895) 1 Ch 287, 315 with regard to the award of damages in lieu of injunction said: Without denying the jurisdiction to award damages instead of an injunction even in case of continuing actionable nuisance, such jurisdiction ought not be exercised in such case except under very exceptional circumstances. I will not attempt to specify them or to lay down rules for the exercise of judicial discretion. It is sufficient to refer, by way of example, to trivial and occasional nuisances; cases in which a plaintiff has shown that he only wants money, vexatious and oppressive case; and cases where the plaintiff has so conducted himself as to render it unjust to give him more than pecuniary relief. In all such cases as these; and in all others where an action for damages is really an adequate remedy- as where the actions complained of are already finished- an injunction can be properly refused.


National Mirror www.nationalmirroronline.net

Monday, March 17, 2014

KATSINA STATE GOVERNMENT PRESS RELEASE

Consequent to skirmishes between cattle rustlers and local residents in some communities in Katsina State, the Katsina State Government hereby deeply sympathizes and condoles with the affected residents. Government condole the families of those who lost their lives and sympathize with the injured. The Katsina State Government has therefore constituted a Committee under the Chairmanship of Brig-General Maharazu Isma’ila Tsiga (Rtd) to immediately swing into action to access the unfortunate incidence, render assistance, advice on measures to stamp out the banditry and forestall future occurance. Signed: Katsina State Government

47


48

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

Community Mirror We are reposing our confidence on our youths, knowing that they are the leaders of tomorrow and that they will take the nation to greater heights. SECRETARY TO THE FEDERAL GOVERNMENT, ANYIM PIUS ANYIM

LASG warns residents on illegal land purchase FRANCIS SUBERU

T

he Lagos State Government has cautioned residents to be wary of the activities of land grabbers who embark on illegal sales of land, especially the government land at Ayobo in Alimosho Local Government Area. The Permanent Secretary Lands Bureau, Mr. Hakeem Muri-Okunola who gave the warning urged Lagosians to carry out investigations before purchasing land from

families, traditional rulers and communities. He said all parcels of land at Ayobo containing an area of 455.76 hectares were acquired by the state government, by virtue of the Lagos State Official Gazette, No 15 Volume 34 of May 5th, 2001, revealing that the land has been earmarked and named ‘Ayobo Residential Scheme’. Muri-Okunola urged the public interested in acquiring properties in the area to take formal approach to verify the status of any property before consummating such transaction.

According to him, any interested buyer should endeavour to obtain Land Information Certificate,LIC, from office of the Surveyor-General and ascertain the status of the land before

purchasing and ensure proper validation the titles from the Lagos State Land Registry before purchasing any land. “The unsuspecting members of the public are therefore enjoined to take

necessary caution by way of verifying the status of any landed property; else they may purchase litigation which venture may end up as colossal waste of hard earned financial resources. “It is a fact of common

knowledge that there is increasing illegal activities of fraudsters who deceive unsuspecting members of the public based on unconfirmed claim that they are the owners of such lands”, Muri-Okunola warned.

NEMA suspends search for boat disaster victims he South-West coordinator of the National Emergency Management Agency, NEMA, Ibrahim Farinloye, has said that the mission to recover the bodies of victims of last week’s Festac boat accident has been suspended. Farinloye stated that the agency is uncertain as to the exact number of persons on board the boat at time of the accident and that no one has come forward with news of missing relations. He said “there is no relation that has come up with news that someone is missing and after continuous search of more than 48 hours without recovery any further bodies; the agency has no choice than to suspend the search”.

He advised the public to always adhere and listen to their messages on crisis and disaster management and prevention through their numerous sensisitation programmes, as this will go a long way to prevent future occurence of mishap. Farinloye also said that a total of 30 local divers were contracted to conduct the underwater search but it was suspended since nothing was recovered. He assured that all agencies were of the same view and that there was no conflicting figures concerning the number of casualties. “No one was there when the boat loaded but one of the rescued victims said there were 24 people on board while some said there were 21 but what we are hoping to recover 24 bodies”, he said.

EMMA GBEMUDU

Three arrested over death of youth in Bayelsa

DARE AKOGUN

T

YENAGOA

T

hree suspected cult members linked with the stabbing of a youth at Oruma in Ogbia Local Government in Bayelsa State have been arrested by the police. A free for all fight among two cult groups of

Oruma and Otuasiga communities resulted in the death of the youth. The deceased reportedly died on the way to the hospital as his body had been deposited at a morgue in the state. The Commissioner of Police, Hilary Opara who

A man conveying bags of fodder on a motorcycle in Bauchi recently.

PHOTO: NAN

Residents commend police, judiciary for peace in Lekki WALE IGBINTADE

R

esidents of Abijo village in Ibeju-Lekki area of Lagos State have commended the Nigerian Police and judiciary for maintaining relative peace in the area. The community stated this following the judgement of a Lagos High Court in suit no LD/513/09, instituted by a community leader, Mr. George Olu Mabadeje

disclosed this in Yenagoa, said the command also arrested the mastermind of the cult war that degenerated to clash between both communities. Opara said the police immediately responded to a distress call to prevent a reprisal from Otuasiga

against four other persons namely, Alhaji Akibu Alarape Adams, Nurudeen Salawu, Talubi Salawu, Ganiyu Ogundibo and unknown persons. Consequently, security personnel and bailiffs from the Lagos State judiciary invaded the community to take possession of a landed property adjudged to be owned by Mabadeje. Justice Taofiquat Oyekan-Abdullahi had in the enrolment of order issued sequel to a motion

youths. He said the ringleader of the youths escaped shortly after the crisis,but was later arrested by the police in a community in Rivers State. Opara said the police had invited the paramount rulers of Otuasiga

ex-parte filed by Mabadeje on December 16, 2013 held among others: “That leave be and same is hereby granted to the Applicant: Writ of possession of all that piece or parcel land lying and situated at Abijo Village Epe Express way, Ibeju-Lekki, measuring 6039.89, 4395.96, 8094.03, 1520.92, square metres respectively and more particularly described in the survey plan no OKL92/395, OKL92/395A, OKL92/391, OKL93/164 and Oruma, including the chairman of Ogbia Local Government, Enaye Abbah for discussions on how to checkmate the looming crisis. The police boss stated that a detachment of operatives has been deployed to forestall any breakdown of law and order.

and OKL92/247 as a consequence of the judgement of this honourable court”. Prior to the issuance of the enrolment order, Justice Oyekan-Abdullahi had in the ruling said thus: “It is clear from the records of this court that the first and fifth defendants have never attended the pre-trial conference, which was buttressed by the learned counsel to the third and fourth defendant counsel that the learned counsel to the first defendant came to court and left before the case was called today. It shows he has no interest in the case neither did he intend to participate. Consequently, I am left with no option than to invoke the said order and accordingly enter judgement against the first and fifth defendants”


Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

49

World News

You can expect sanctions designations in the coming days (on Russia over annexation of Crimea). –US WHITE HOUSE SENIOR ADVISER, DAN PFEIFFER

C

rimeans voted in a referendum yesterday on whether to break away from Ukraine and join Russia, with Kiev accusing Moscow of pouring forces into the peninsula and warning separatist leaders “the ground will burn under their feet”. Caught in an East-West crisis reminiscent of the Cold War, Kiev said Russia’s build-up of forces in the Black Sea region was in “crude violation” of an international treaty, and announced plans to arm and train 20,000 members of a newly-created National Guard to defend the nation. U.S. Secretary of State John Kerry told Moscow that Washington would not accept the outcome of the vote, which is likely to favour union with Russia for a region which has a Russianspeaking majority. The White House also warned Moscow to expect sanctions while foreign ministers from the European Union, which has major trade ties with Russia, will decided on possible similar action in Brussels today. However, Russian President Vladimir Putin rejected Western accusations that the referendum was illegal, saying it respected the will of the Crimean people, while his foreign ministry said it had agreed with the United States

Crimeans vote to join Russia as Moscow pours in troops

An Ukrainian policeman exiting a voting booth after casting his vote in Perevalne, Ukraine, yesterday. Photo: Reuters

to seek a solution to the crisis through constitutional reform. In Kiev, Prime Minister Arseny Yatseniuk threatened dire consequences for the Crimean politicians who had called the vote, saying separatist “ringleaders” wanted to destroy Ukrainian independence “under the cover of Russian troops”. “We will find all of them - if

it takes one year, two years - and bring them to justice and try them in Ukrainian and international courts. The ground will burn under their feet,” he told a cabinet meeting. Yatseniuk had just returned from a U.S. trip where he won expressions of moral support but no offers of weapons. Kiev’s proEuropean rulers, who took power

after last month’s fall of Moscowbacked President Viktor Yanukovich to popular unrest, have been as powerless as Western governments to prevent the referendum or build-up of Russian forces on Ukrainian territory. At a polling booth at a school in Simferopol, the Crimean regional capital, dozens of people lined up outside to cast their ballots early.

Investigators focus on foul play behind missing Malaysia plane

A

n investigation into a missing Malaysian jetliner, now into its second week, is focusing more on the possibility of foul play as evidence suggests it was deliberately flown hundreds of miles off course, sources familiar with the Malaysian probe said. Two sources told Reuters that military radar data showed an unidentified aircraft that investigators suspect was Malaysia Airlines

Flight MH370 following a commonly used navigational route toward the Middle East and Europe when it was last spotted early on March 8, northwest of Malaysia. That course - headed into the Andaman Sea and towards the Bay of Bengal in the Indian Ocean - could only have been set deliberately, either by flying the Boeing 777-200ER jet manually or by programming the auto-pilot. A third source familiar with

Indonesian national search and rescue agency personnel watching over high seas during a search operation for missing Malaysia Airlines flight MH370 in the Andaman Sea on Saturday.

the investigation said inquiries were focusing more on the theory that someone with knowledge of navigational waypoints - used by airlines to track established commercial flight paths - had diverted the flight off its scheduled course from Kuala Lumpur to Beijing. “What we can say is we are looking at sabotage, with hijack still on the cards,” said the source, a senior Malaysian police official. A U.S. source familiar with the investigation said there was also discussion within the U.S. government that the plane’s disappearance might have involved an act of piracy. There has been no trace of the plane, which was carrying 239 people, nor any sign of wreckage as the navies and military aircraft of more than a dozen countries scour the seas on both sides of peninsular Malaysia. India has deployed ships, planes and helicopters from the remote, forested and mostly uninhabited Andaman and Nicobar

Islands, at the juncture of the Bay of Bengal and the Andaman Sea. “This operation is like finding a needle in a haystack,” said Harmeet Singh, spokesman for the armed forces in the islands. Malaysian Transport Minister Hishammuddin Hussein said he could not confirm the last heading of the plane or if investigators were focusing on sabotage. “A normal investigation becomes narrower with time ... as new information focuses the search, but this is not a normal investigation,” he told a news conference. “In this case, the information has forced us to look further and further afield.” Investigators were still looking at four or five possibilities, including a diversion that was intentional or under duress, or an explosion, he said. Police would search the pilot’s home if necessary and were still investigating all passengers and crew on the plane, he added.

WORLD BULLETIN Six Egyptian soldiers shot dead during unrest Six Egyptian soldiers have been killed by gunmen at a checkpoint in the northern Cairo suburb of Shubra al-Khayma, state media reports. A security official said two bombs left behind by the attackers had been defused. The violence comes two days after another soldier was shot dead in an attack on an army bus in eastern Cairo. There has been an upsurge in violence since the overthrow of Islamist President Mohammed Morsi last July. Islamist militants have killed hundreds of police and soldiers in numerous attacks. The military accused Morsi’s Muslim Brotherhood of carrying out this latest attack, which was carried out as the soldiers took part in dawn prayers. The Brotherhood denies involvement in violence, saying it is committed to peaceful campaigning. It was designated a terrorist group in December and thousands of its members have been put on trial.

Mali detains commander of Islamist group --Military source Malian authorities are holding one of the country’s most wanted Islamist fighters after he surrendered to French troops, a military source and French radio said yesterday. France had been pursuing Abu Dar Dar, a leader of the al Qaedalinked Movement for Unity and Jihad in West Africa (MUJWA), since Paris launched a military offensive in January 2013 to drive out Islamists who had seized control of northern Mali. “I confirm that Abu Dar Dar has handed himself into Serval troops,” said a Malian military source in the northern city of Gao, using the name of the French military mission. “He was then turned over to our troops and transferred immediately to Bamako since yesterday evening.”

South Africa’s biggest union to embark on strike South Africa’s biggest union has called a one-day strike for Wednesday to highlight youth unemployment in the country, where one in four people are jobless, the union said. The 340,000-member National Union of Metalworkers of South Africa (NUMSA) draws its members from car manufacturing, the metal industry, transport and general workers. The strike would be the latest in a string of work stoppages in Africa’s largest economy, weeks before a May 7 general election. “It is a strike that members in all other unions can join. We think half a million workers will take part,” Karl Cloete, deputy general secretary of NUMSA, told Reuters on Sunday.


50

Monday, March 17, 2014

National Mirror www.nationalmirroronline.net

NIGERIAN SECURITY PRINTING & MINTING PLC 160, Samuel Ladoke Akintola Boulevard, P.M.B 144, Garki, Abuja

INVITATION TO BID FOR THE SALE OF SCRAP METAL IN THE LAGOS FACTORY The Nigerian Security Printing and Minting Plc [NSPM, PLC] intend to sale off various scrap metal in its Lagos Factory (26 Ahmadu Bello Way, Victoria Island, Lagos). Interested reputable companies are invited to go and inspect the scrap metal at 26 Ahmadu Bello Way, Victoria Island, Lagos from the 18th March, 2014 to 21st March, 2014 and thereafter forward their bid for the purchase of the scrap metal to: The Secretary, Tenders Committee, Room 14, Ground Floor, Corporate Headquarters, Nigerian Security Printing and Minting Plc, 160, Samuel Ladoke Akintola Boulevard, P.M.B. 144, Garki, Abuja. Interested companies are required to submit the information specified below in order to qualify for consideration. Incomplete submissions may lead to disqualification of the bid document: 1. 2. 3. 4. 5. 6. 7. 8. 9.

10.

Copy of Certificate of Incorporation. Copy of form CO2 and CO7 as the case may be. Copy of VAT registration certificate. Copy of the most current tax clearance certificate. Evidence of similar projects carried out, if any. Organizational structure of the company including names of technical and managerial staff, their qualifications and cognate experience. Audited accounts for the preceding three (3) years. Evidence of financial capacity and capability to execute this project. Prospective contractors must show evidence of Employees open Retirement Savings Accounts (RSA) with a Pension Fund Administration of choice for indigenous companies and evidence of remittance of such contribution for both Employer and Employee to the appropriate Pension Fund Custodian when they are eventually selected. Evidence of compliance with statutory provision of section 6(i-ii), of the Industrial Training Fund (ITF) ACT, as amended.

SUBMISSION OF BID DOCUMENTS AND DEADLINE FOR SUBMISSION The bid document should be packaged neatly in binders and submitted in 2 no. copies, each in separate and wax-sealed envelope by the companies’ representative. The package will be registered and the companies’ representative will be required to sign the register, and deliver the bid document by hand, not later than Friday 28th March, 2014 at 12.00 Noon with a non refundable fee of N20,000.00 in Bank Draft drawn in favour of (The Nigerian Security Printing & Minting Plc) and the package should be addressed to: The Chairman, Major Tenders Committee, Room 3, 2nd Floor, Corporate Headquarters, Nigerian Security Printing & Minting Plc., 160, Samuel Ladoke Akintola Blvd., P.M.B 144, Garki, Abuja. BIDS OPENING The bids will be opened on Monday 31st March, 2014 in Room 06 at 2.30pm in the presence of duly authorized representatives of bidders. NOTE: 1. NSPM is neither committed nor obliged to consider any bidder or to sale to any of the companies submitting bids. 2. NSPM reserves the right to reject any or all of the bids. 3. NSPM will only correspond with the companies that are successful in their bids. NSPM will only correspond with duly authorized officers of thecompanies and not agents or persons acting on their behalf.

Signed: Management


National Mirror www.nationalmirroronline.net

North

Monday, March 17, 2014

51

Massacre: Yero cancels trip to US as tension hits Kaduna AZA MSUE KADUNA

G

overnor Mukthar Ramalan Yero of Kaduna State has cancelled his visit to the United States for a conference on peace and security following the tension generated over the killing of 100 persons in three southern Kaduna villages by gunmen. Tension griped Kaduna

metropolis as residents started running helter skelter without knowing what had actually gone wrong. Many commercial motorcyclists, bus drivers and others hurriedly closed business and returned to their respective homes. It was gathered that the confusion was caused by a disagreement over transport fare between a Muslim commercial motorcyclist and his Christian passen-

ger. Residents, however, misunderstood the disagreement, mistaking it for a reprisal attack as a result of the killing of over 100 people in Southern part of Kaduna State. The police spokesman, Aminu Lawan, confirmed the tension, but said there was no need for the confusion for people to start running. Meanwhile, Director General to the Governor

on Media and Publicity, Ahmed Maiyaki, said Yero was already in the United Kingdom enroute the United States to attend a symposium on peace and security in Northern Nigeria organised by the United States Institute of Peace (USIP). Maiyaki said Yero was billed to address the conference on the security challenges in the North and Kaduna State in particular, but returned to Nigeria on

receiving the news that some hoodlums had attacked villages in Kaduna and killed many innocent citizens. He said that the governor left Nigeria on Friday morning only to return on Saturday without attending the USIP conference

Political parties contravening Electoral Law –REC WALE IBRAHIM LOKOJA

K

Northern leader, Prof. Paul Unongo (left) and former governorship candidate on the defunct Action Congress of Nigeria (ACN) in Benue State, Prof. Steve Ugba, during a press briefing on the state of the nation in Abuja, at the weekend. PHOTO: ROTIMI OSASONA

How to end herdsmen, farmers’ violence –Northern govs PRISCILLA DENNIS MINNA

C

hairman of the Northern States Governors Forum (NSGF) and Governor of Niger State, Alhaji Babangida Aliyu, has called for a new approach to end the persistent violence between Fulani herdsmen and farmers in some parts of the North. The NSGF was apparently reacting to the killing of about 100 persons in Unguwar Sankwai, Unguwar

Gata and Chenshyi villages of Kaura Local Government Area in Southern Kaduna State by some suspected herdsmen. In a statement signed by Governor Aliyu’s spokesman, Danladi Ndayebo, NSGF called on the Federal Government to provide adequate grazing reserves and cattle routes for herdsmen. The Forum noted that grazing reserves had proved to be a self-sustaining solution for herdsmen across many developed and under-

developed countries. NSGF said: “It is the considered opinion of the Forum that a national policy be put in place to settle nomads and provide adequate reserves and cattle routes. The advantages of doing so include reintegrating herdsmen into the mainstream society and reducing or even eliminating herdsmen/farmers conflicts.” The Forum recalled that in the pre-colonial period, the influx of Fulani herdsmen into various parts of Northern Nigeria led to

establishment of grazing areas known as Hurumis (communal grazing areas) which were preserved around townships and large villages protected by Emirate Councils. It urged the Federal Government to adopt the comprehensive pastoral resource development programme of the defunct Northern Nigeria which established facilities like marketing channels, watering points, veterinary posts and grazing reserves in major pastoral areas of the region.

I planned to dump Jonathan’s cabinet long ago –Abdullahi WOLE ADEDEJI

ILORIN

T

he immediate past Minister of Sports, Mallam Bolaji Abdullahi, has said that he would have resigned from President Goodluck Jonathan’s cabinet long before he was sacked two weeks ago were it not for the counsel of Kwara State Governor Abdulfatah Ahmed.

Abdullahi spoke during a reception organised for him by the Kwara State Government at the weekend in Ilorin. He said: “Several times I came close to walking away, but you (Governor Ahmed) always encouraged me to hang on there. I thank you very much and I pray that Almighty Allah will continue to guide you, abide by you and he never bring you

down” Abdullahi dedicated his achievements in office as a minister to the younger generation and his political leader, Dr. Bukola Saraki. He said: “What I can say is that what we are celebrating today, that is what God has made possible for me to do in the last three years that you have sent me to Abuja as a minister.

“I dedicate my achievements to youths of Kwara State. We, who were born towards the end and after the end of the Nigerian civil war, are the generation that is mostly here today. That is the generation that I belong and what we have done in the last three years has shown that our generation, given the opportunity, is capable of achieving great things.”

after attackers invaded Kaura villages on Friday night and killed dozens of people. He, however, urged residents to go about their lawful businesses as security agencies are already on alert to maintain law and order in all parts of the state.

ogi State Resident Electoral Commissioner (REC), Mr. Olusegun Agbaje, has expressed worry over refusal by political parties in the state to comply with the ban on campaign. He also decried the incessant mounting of campaign billboards, hanging of banners and pasting of posters by aspirants, saying that the development was capable of creating unnecessary tension and overheating the polity. Agbaje, who spoke during a stakeholders’ meeting at the Independent National Electoral Commission (INEC) office in Lokoja at the weekend, said the aspirants’ action contravened Section 99(1) of Electoral Act 2010 as amended. He, therefore, warned all political parties not to

allow any aspirant to use their platform to engage in any form of campaign or “subtle tricks” in defiance of the Electoral Act. Agbaje said INEC and security agencies would not hesitate to apply appropriate sanction against any political party or aspirant who contravenes the law banning campaigns. He pointed out that INEC had developed a strategic plan to achieve its mandate. The REC reiterated the determination of the electoral body to conduct free, fair and credible elections in 2015 and beyond, adding that the commission had lined up series of activities that would facilitate the accomplishment of the goals. Part of activities for the preparation of 2015 general elections are voter and civic education, distribution of permanent voters’ cards and continuous voter’s registration exercise.

Abducted Bauchi lawmaker recounts ordeal EZEKIEL TITUS BAUCHI

A

member of the Bauchi State House of Assembly representing Jema Constituency, Hon. Yusuf Nuhu, who was kidnapped by gunmen in Toro Local Government Area of the state, has described his experience in the hand of his abductors as terrible. Nuhu told journalists at a press conference in Bauchi that he was rescued by the police. The lawmaker, who was kidnapped on March 3, 2014, was rescued by the police after a gun battle with the gunmen. Narrating his ordeal, Nuhu said: “It was a terrible experience because I have never found myself in such a situation. I was with the gunmen for 10

days in a bush. I was given some kinds of foods, but I only ate biscuits in order not to have stomach upset. “I cannot identify any of them because my face was covered throughout the 10 days I spent with them and I was not able to communicate with my family members. “They did not discuss anything in my presence, they always moved far away from me while communicating with one another. “My kidnapping was not the hand work of my political opponents, but it happened the way God wanted it. I learnt a lot, I learnt it was a test from God because I never taught I will find myself in such a situation. Being kidnapped and come out alive, I thank Almighty Allah for saving my life.”


52

Monday, March 17, 2014

CHANGE OF NAME

OGUNFUYI: Formerly known and addressed as Miss Ogunfuyi Oluwabukola Olamide, now wish to be known and addressed as Mrs. Asade Oluwabukola Olamide. All former documents remain valid. General public take note.

CHANGE OF NAME

FATOLA: Formerly known and addressed as Miss Fatola Mistura Opeyemi, now wish to be known and addressed as Mrs Akinsanya Mistura Opeyemi. All former documents remain valid. Ede South Local Government and general public take note.

LOSS OF C OF O.

This is to inform the general public about the loss of Local Government Certificate of Occupancy belonging to Pa R.K Omotade in respect of property at No. 1 Church Road, Sabon Gari, Kano. R.K Omotade’s Family and General public please take note.

CHANGE OF NAME

LAWORE: Formerly known and addressed as Miss Lawore Oyeladun Adedoyin now wants to be known and addressed as Mrs. Jolasun Oyeladun Adedoyin. All former documents remain valid.General public should take note.

CHANGE OF NAME

OSAWARU: Formerly known and addressed as Miss Osawaru Priska Osasere now wish to be known and addressed as Mrs Ighodaro Priska Osasere. All former documents remain valid. NYSC and The general public take note

CHANGE OF NAME

NGADI: Formerly known and addressed as Miss Ngadi Onyeka Vivian, now wish to be known and addressed as Mrs Nnamani Onyeka Vivian. All former documents remain valid. NYSC and The general public take note

CHANGE OF NAME

CHUKWUEZUGHA: Formerly known as Miss Chukwuezugha Philomena/ Chukwuezue Philomena Uche, now wish to be known as Mrs Phenomena Uche Nwankwo. All former documents remain valid. National Teachers Institute NTI Awka and general public take note.

CHANGE OF NAME

MAUDE: Formerly known and addressed as Ummukulsum Tahir, now wish to be known, called and addressed as Usman Ummukulsum Tahir. All former documents remain valid. General public should please take note.

CHANGE OF NAME

OLANREWAJU: Formerly known and called Shodipo Adekunle Oladipupo, now wish to be known and addressed as Olanrewaju Adekunle Oladipupo. All former documents remain valid. Covenant University and general public note.

CHANGE OF NAME

TIFASE: Formerly known and addressed as Tifase Oluwaseun Temitope, now wish to be known and addressed as Okalawon Adenike Folasade. All former documents remain valid. General public take note.

CHANGE OF NAME

OGUNBIYI: Formerly known and addressed as Miss Ogunbiyi Oluwaseyi Abigeal, now wish to be known and addressed as Mrs Odumosu Oluwaseyi Abigeal. All former documents remain valid. General public take note.

CHANGE OF NAME

ADU: Formerly known, called and addressed as Miss Adu Olubunmi Rachael, now wish to be known, called and addressed as Mrs Owoeye Olubunmi Rachael. All former documents remain valid. College of Health Science and Technology, Ijero Ekiti and general public should please take note.

CHANGE OF NAME

AKINDUTIRE: Formerly known and addressed as Miss Akindutire Folayira Ireola, now wish to be known and addressed as Mrs Awonegan Folayira Ireola. All former documents remain valid. General public take note.

CHANGE OF NAME

ADEBUDO: Formerly known and addressed as Miss Adebudo Paulina Onose, now wish to be known and addressed as Mrs Oga Paulina Onose. All former documents remain valid. NYSC and The general public take note

CHANGE OF NAME

ABIODUN: Formerly known and addressed as Mrs Adeola Tawakalitu Abiodun, now wish to be known and addressed as Mrs Tikare Adeola Tawakalitu. All former documents remain valid. The general public take note

CHANGE OF NAME

CHANGE OF NAME

FAJIMOLU: Formerly known and addressed as Miss Oluwayemisi Enitan Fajimolu, now wish to be known and addressed as Mrs. Oluwayemisi Enitan Taiwo. All former documents remain valid. General public please take note.

CHANGE OF NAME

LAWAL: Formerly known and addressed as Lawal Oluwaseun Olubodun, now wish to be known and addressed as Olajide Oluwaseun Olubodun. All former documents remain valid, Crown Polytechnic and general public take note.

CHANGE OF NAME

ADEBAYO: Formerly Miss Adebayo Ruth Oyeladun, now Mrs Sam-Adebayo Ruth Oyeladun. All former documents remain valid. Ekiti State Local Goverment Service Commission, First Bank Plc and general public take note.

CHANGE OF NAME

NWANERI: Formerly known and addressed as Miss Nwaneri Prisca Chioma, now wish to be known and addressed as Mrs Agoha Prisca Chioma. All former documents remain valid. NYSC and The general public take note

CHANGE OF NAME

NWACHUKWU: Formerly known as Miss Nwachukwu Chinonye Jacinta, now wish to be known as Mrs Opara Chinonyerem Jacinta Mary. All former documents re mains valid. Nnamdi Azikiwe University, Awka Campus and general public take note.

CHANGE OF NAME

CHANGE OF NAME

NWOMOKO: Formerly known and adressed as Miss. Vivian Onyelome Nwayobuije Nwomoko, now wish to be known and adressed as Mrs Victory Sharon Ifeanyichukwu Ordih. All former documents remain valid. General public to please take note.

CHANGE OF NAME

ONYEOBUGHI: Formerly known and addressed as Miss Chinyere Perpetua Onyeobughi Now wish to be known and addressed as Mrs Chinyere Perpetua Olisakwe. All former documents remain valid General public take note.

CHANGE OF NAME

AYENI: Formerly known, called, and addressed as Miss Ayeni Faith Idowu, now wish to be known, called, and addressed as Mrs. Thomas Awoyemi Faith. All former documents remain valid. Any authority or anybody concern to please take note.

CHANGE OF NAME

OJO: Formerly Miss Ojo Oyeyemi Alake, now Mrs Jemiseye Oyeyemi Alake.All former documents remain valid. Teaching Service Commission Ekiti State, Esure Community High School, Esure Ekiti and general public take note.

CHANGE OF NAME

OBIAHU: Formerly known and addressed as Miss Obiahu Victorine Uchenna, now wish to be known and addressed as Mrs Ohuche victorine Uchenna. All former documents remain valid. NYSC, Akanu Ibiam Federal Polytechnic Unwana and general public take note

CHANGE OF NAME

OSINKENNIA: Formerly known as Osinkennia Egoigwe Elias/ Osinkennia Elias Obipulije now wish to be known as Chief Osinkennaya Egoigwe Elias Obipulije. All former documents remain valid. First Bank Plc and general public take note.

CHANGE OF NAME

BAKARE: Formerly known and addressed as Miss Khadijat Oluwakemi Bakare, now wish to be known and addressed as Mrs Elizabeth Oluwakemi Falode. All former documents remain valid. General public take note.

ODEDOYIN: Formerly known and addressed as Miss Odedoyin Janet Adunola, now wish to be known and addressed as Mrs Akindele Janet Adunola. All former documents remain valid. General public take note.

TOSIN: Formerly known and addressed as David Abraham Tosin, now wish to be known and addressed as David Abraham Oluwasegun.All former documents remain valid. MAPOLY and general public take note

CHANGE OF NAME

CHANGE OF NAME SAANMOYOL: Formerly known and addressed as Marve Emmanuel now wish to be known and addressed as Marve Emmanuel Saanmoyol. All former documents remain valid. General public take note.

OZOANIJI: Formerly known and addressed as Miss Ozoaniji Uchechukwu Christiana, now wish to be known and addressed as Mrs. Nnebedum Uchechukwu Christiana. All former documents remains valid. NYSC and general public take note.

KOLAWOLE: Formerly known and addressed as Miss Titilayo Kolawole, now wish to be known, called and addressed as Mrs Titilayo Akintayo. All former documents remain valid. General public and authority concerned should please take note.

CHANGE OF NAME

ODIONYENMA: Formerly known and addressed as Miss Odionyenma Jennifer Chinwendu, now wish to be known and addressed as Mrs Enwelu Jennifer Chinwendu . All former documents remain valid. NYSC and general public take note

PUBLIC NOTICE

This is to inform the general public that I, Kabiru Sule Balarabe of No.147 Dala Quarter’s, Son of the late Balarabe Sule Alhaji who died 10th July, 2010 has been authorized by the entire heirs of the said deceased to sign and collect his benefits on their behalf. Authority concerned and general public please take note. PUBLIC NOTICE

NIHMOTALAI IDERA MOSQUE Notice is herby given to the general public that the above named association has applied for Registration by the Corporate Affairs Commission Abuja under Part C of the Companies and Allied Matters Act 1990.

THE TRUSTEES ARE: 1. 2. 3. 4.

CHANGE OF NAME

ADAMS: Formerly known and addressed as Adams Kamal Babatunde, now wish to be known and addressed as Giwa Kamorudeen Babatunde. All former documents remain valid. General public take note.

Musediq Ajibola Osioyemi Mr. Waheed Adewole Mr. Oguntoye Razaq Kayode Pa Taiwo Badaru

THE AIMS AND OBJECTIVES: 1. To propagate the progress of the Islamic religion 2. To settle disputes between members and board members and between a members and other members 3. To advance education and training of members 4. To see smooth running of the mosque and proper financing Any objection to this Registration should be forwarded to the Registrar General, Corporate Affairs Commission Plot 420 Tigris Crescent, Off Aguyi Ironsi Street, Maitama, Abuja within 28 days of this publication.

SIGNED: TRUSTEES.

CHANGE OF NAME

CHUKWUKA: Formerly known and addressed as Jonathan Chukwuka Agbo, now wish to be known as Jonathan Ejike Agbo. All former documents remain valid. The Nigerian Institution of Estate Surveyors And Valuers (NIESV) and General public please take note.

CHANGE OF NAME

CHANGE OF NAME

IKERIONWU: Formerly known and addressed as Miss Ikerionwu Nwakaego Favour, now wish to be known and addressed as Mrs. Nwaneri Nwakaego Favour. All former documents remain valid. General public take note.

National Mirror www.nationalmirroronline.net

CHANGE OF NAME

FAYEMI: Formerly known and addressed as Miss Fayemi Grace Bukola, now wish to be known and addressed as Mrs. Ajala Grace Bukola. All former documents remain valid. NYSC and general public should please take note.

CHANGE OF NAME

ABATA: Formerly known and addressed as Miss Catherine Festus Ijeoma Abata, now wish to be known and addressed as Mrs Catherine Ijeoma Osagie. All former documents remain valid. General public take note.

CHANGE OF NAME

ATEWOJAYE: Formerly known and addressed as Miss Atewojaye Funmilayo Grace, now wish to be known and addressed as Mrs. Osoba Funmilayo Grace. All former documents remain valid. General public take note.

CHANGE OF NAME

AKANDE:Formerly known and addressed as Miss Akande O.Caroline, now wish to be known and addressed as Mrs Akinyemi Caroline. All former documents remain valid. Orolu Local Government Ifon, State of Osun and general public should please take note.

1 X 1 CLASSIFIED ADVERT SPACE FOR SALE CHANGE OF NAME

OWORU: Formerly known and addressed as Miss Oworu Adesola Oluwatoyin, now wish to be known and addressed as Mrs Awojobi Adesola Oluwatoyin. All former documents remain valid. The general public take note

CHANGE OF NAME

MOLOKWU: Formerly known and addressed as Miss Molokwu Felicia Uzoamaka, now wish to be known and addressed as Mrs Ezeokolonkwor Uzoamaka Felicia. All former documents remain valid. General public take note.

CHANGE OF NAME Formerly known and addressed as Miss Abosede Benjamin now wish to be known and addressed as Mrs Abosede Benjamin-Bamidele. All former documents remain valid. General public take note CHANGE OF NAME

TEMPLE: Formerly known and addressed as Miss Temple Telma Tiemokuma, now wish to be known and addressed as Mrs Telma Tiemokuma Adeniyi. All former documents remains valid. General public take note.

PUBLIC NOTICE

HOUSE OF MILK AND HONEY BIBLE CHURCH INTERNATIONAL MINISTRY UGHELLI. This is to inform the general public that the above named body has applied to the Corporate Affairs Commission for registration under the part C of the Company and Allied Matters Act 1990.

THE TRUSTEES ARE:

1. Pastor Edah Lucky Chairman 2. Bro.Abiala Godwin Cyrinexley 3. Elder Ukeh Sunday. 4. Elder Stephen Inoni Ekwakpogbe. 5. Pastor Edah Oke Lovina. 6. Bro. Marcus Orhioghenebruru Johnbull. 7. Madam Oghoetsoma Rose Omotubogo. 8) Evangelist Etiaregha Patrick Omokpokpor THE AIMS AND OBJECTIVES: 1. To preach the gospel.

CHANGE OF NAME

NDUKA: Formerly known as Miss Gloria Chiemevolam Nduka now wish to be known and addressed as Mrs Gloria Chiemevolam Ohuabunwa. All former documents remain valid. NYSC and general public take note.

CHANGE OF NAME

KENKU: Formerly known and addressed as Miss Kenku Abisola Aminat now wish to be know and addressed as Miss Osanyinpeju Abisola Aminat. All former document remain valid. General public and authorities concern should please take note

CHANGE OF NAME

NWABUISI: Formerly known and addressed as Miss Nwabuisi Oluchi Miracle, now wish to be known and addressed as Mrs Charles-Ihunda Oluchi Miracle. All former documents remain valid. NYSC and the general public take note

CHANGE OF NAME

IDUMU: Formerly known and addressed as Miss Oluwatoyin Phebean Idumu, now wish to be known and addressed as Mrs Oluwatoyin Phebean Shoyoola. All former documents remain valid. The general public take note

CHANGE OF NAME

IBEKAMMA: Formerly known and addressed as Miss Ibekamma Chinwe Marygloria, now wish to be known and addressed as Mrs Umejideofor Marygloria Chinwe. All former documents remains valid. National Teachers Institute NTI Awka and general public take note.

CHANGE OF NAME

OYINLOLA: Formerly known and addressed as Miss Oyinlola Lydia Olufunke now wish to be known and addressed as Mrs Olaniyan Lydia Olufunke. All former documents remain valid. General public take note.

CHANGE OF NAME

EMENIKE: Formerly known and addressedn as Miss Emenike Ngozi Roseline, now wish to be known and addressed as Mrs Nwankwo Ngozi Roseline. All former documents remains valid. NYSC and general public take note.

CHANGE OF NAME

ONWUAGBA: Formerly known and addressed as Miss Ifeyinwa Josephine Onwuagba, now wish to be known as Mrs Ifeyinwa Josephine Uhuegbulem. All former documents remain valid. FUTO and the public take note

CHANGE OF NAME

LOSS OF DOCUMENT

This is to inform the general public that the Original Right of Occupancy (R of O) in respect of plot 1525 Mbora district with file no ZA20212 is declared missing. All efforts made to trace the said missing document proved abortive. If found, please kindly return to the nearest police station or to Halima M. Lukman of No 42 Moses Adasu Close, Gudu District, Abuja

CHANGE OF NAME

OYENIYI: Formerly known and addressed as Miss Oyeniyi Morilia Abosede, now wish to be known and addressed as Mrs Akinsanya Moriliat Abosede. All former documents remain valid. Ede South Local Government and general public should please take note.

1 X 2 CLASSIFIED ADVERT SPACE FOR SALE

OSUJI: Formerly known and addressed as Miss Osuji Esther Adamma, now wish to be known as Mrs Iro Esther Adamma. All former documents remain valid. Ministry of Education, SUBEB and general public to take note.

CHANGE OF NAME

OGBONNAYA: Formerly known and addressed as Ogbonnaya Emmanuel C. now wish to be known as Okoroafor Emmanuel Chinomso. All former documents remain valid. Federal Poly Nekede, WAEC and the public take note.

PUBLIC NOTICE ANCIENT FLOOD GATES GLOBAL MINISTRIES

This is to inform the general public that the above named body has applied to the Corporate Affairs Commission for registration under the part C of the Company and Allied Matters Act 1990.

THE TRUSTEES ARE:

1. Rev. Pearl Kupe 2. Pastor Chris Bature 3. Dalyop G. Gwom 4. Helen A. Gwom 5. Pastor Martha Kure THE AIMS AND OBJECTIVES: 1. To become the repairers of Ancient ruins 2. To raise an altar in the Church/Homes 3. To prepare the way for the coming of the Lord 4. Usher in new sounds to the earth

Any objection to the above registration should be forwarded to the Registrar General, Corporate Affairs Commission, Plot 420 Trigis Crescent, off Aguiyi Ironsi Street, Maitama, Abuja, within 28 days of this publication.

Any objection to the registration should be forwarded to the Registrar-General Corporate Affairs Commission, Plot 420, Tigris crescent, off Aguiyi Ironsi Street, Maitama, Abuja within twenty-eight (28) days of this publication.

SIGNED: PASTOR EDAH LUCKY - CHAIRMAN

SIGNED: DALYOP G. GWOM


Monday March 17, 2014

Onuegbu scores 13th season goal

EPL Results Man United 0 3 Liverpool Tottenham 0 1 Arsenal

Haruna

A

Nacer Chadli’s low shot was blocked on the line and Adebayor headed narrowly off target, but Arsenal held on. BBC Sport reports that the win means Arsenal are third in the standings, but crucially now just four points off leaders Chelsea, who lost 1-0 to Aston Villa on Saturday. Arsenal, who head to Chelsea next Saturday in manager Arsene Wenger’s 1,000th game in charge, have a game in hand on the table toppers.

Sport

D

Lukman Haruna dreams World Cup inclusion

rsenal kept themselves in strong contention for the English Premier League title as Tomas Rosicky’s early goal secured victory at rivals Tottenham yesterday. Rosicky rifled in a sublime angled drive just minutes into the game after leading a swift break for the visitors. Tottenham’s Emmanuel Adebayor flicked a shot wide in the first half, and they dominated after the break.

53

Commonwealth Games is ‘to be or not to be’. But I will see how things go as the clock ticks –Jamaican athlete, Usain Bolt

54

Gunners shoot down Spurs

National Mirror www.nationalmirroronline.net

ynamo Kiev midfielder, Lukman Haruna, hopes he can still make Nigeria’s World Cup squad. The 23-year-old has not played for the Super Eagles since the last World Cup in South Africa. Overlooked by Coach Samson Siasia and current manager, Stephen Keshi, Haruna is confident he has done enough at club level to remain in the coach’s World Cup thoughts. “I understand my injury history had a role to play for a period of time, but I’m in great shape right now,” Haruna told BBC Sport. “It’s not an easy job for a coach to manage Nigeria with a lot of quality players in Europe, Asia and Africa. “I just hope I’ve done enough at club level to be given a chance to fight for a place in the squad.” With the Ukrainian league season kicking off amid chaos in the country, Haruna has not given up hope of going to Brazil in the summer. “When I played in South Africa I was very young and a little inexperienced,” he said. “Since then there have been highs and lows in my career but I’m more mature and hope to fulfil a dream by working extra hard to earn a recall. “It’s a massive two months for me to prove myself again because if it goes well then I’ll have another chance.” The midfielder scored three goals in 15 league appearances for Dynamo Kiev last season and has a solitary goal in seven appearances for the Super Eagles. Haruna is one of only two players to have represented Nigeria at the FIFA under-17, U-20 and senior World Cups. His European career began in France when he joined AS Monaco in 2007 shortly after he captained Nigeria to the Under-17 World Cup title in South Korea. He signed for Ukraine’s Dynamo Kiev in June 2011 after completing a US$2.8 million switch from Monaco.

Eaglets’ Success set for La Liga

G

olden Eaglets striker, Isaac Success, is expected at Spanish La Liga club Granada today to begin his Europe career. Reports said Success, who clocked 18 in January, is on loan at Granada from Italian Serie A side Udinese, even as his sporting rights are now owned by an investment company. Although paper work has delayed his move to Europe, he is now expected to be the first play-

er from the Eaglets Class of 2013 to make his pro debut in Europe. According to the reports, the teenager will be part of Granada’s pre-season plans. Success was top scorer at the African U-17 Championship in Morocco last year with seven goals but a hamstring injury cut short his participation at the FIFA U-17 World Cup last November in Abu Dhabi, United Arab Emirates where Nigeria won the cup.

Success


54

Sports

Monday March 17, 2014

National Mirror www.nationalmirroronline.net

Onuegbu scores 13th season goal A FOLABI G AMBARI

G

erman club MSV Duisburg striker, Kingsley Onuegbu, continued his amazing scoring spree at the weekend after netting the lone goal for his club as they settled for a 1-1 result against visiting Holstein Kiel in the Bundesliga 3 league match. The Nigerian put his side ahead in the 44th minute before the Kile levelled scores in the 56th minute to run away with the valuable point. Onuegbu, who maintains the second place in the scorers’ chart, played the entire game as he continued to impress in Duisburg officials and fans. Appearing in his 28th league outing so far, Onuegbu expressed delight at the lone strike but said he hoped to sustain the form with less than eleven games left. “We did a lot of things right in the game but for few mistakes which we will work on in the next games,” the former Greuther Furth forward told National Mirror yesterday. “This goal will motivate me to score more in subsequent games to brighten our chances of gaining promotion. “I want to also do my best for my club but only God knows where I will land in the summer.” Onuegbu achieved goal scoring feat at his first German side Eintracht Braunschweiger which also earned him a leap and recognition in Germany. The former Sandhausen striker, who said he would continue with his style to possibly attract top clubs in and out of Germany, also expressed determination to get a call-up to Super Eagles ahead of the Brazil 2014 World Cup finals. “You never know what happens,” he submitted.

Onuegbu

EPL: Reds crush Devils at Old Trafford

Rizespor won’t go down –Oboabona

Steven Gerrard celebrating his second goal against Manchester United yesterday

L

Oboabona

S

uper Eagles defender, Godfrey Oboabona, yesterday said that his struggling Turkish club Rizespor will not relegate at the end of the season. Rizespor lies 16th on the 18team league table with 26 points from 24 games after the side drew 2-2 with Besiktas on Saturday.

“It’s true we are not in good position but I am sure we won’t go down,” Oboabona said yesterday. “We will do our best to retain our position in the top flight,” the former Sunshine FC of Akure captain, who confessed to missing compatriot Uche Kalu at Rizespor, added.

“I missed Uche but I am adapting to life without him here. “Above all, I am very happy to return to my team’s starting lineup. I am back to stay as I will do all my best to keep the shirt. “It was a tough game against Besiktas and both teams played well.”

iverpool underlined its Premier League title ambition yesterday with a crushing 3-0 win over Manchester United at Old Trafford. The defeat is the Red Devils’ fifth at home in the league this season and further piles the pressure on beleaguered Manager David Moyes, with his side now looking unlikely to challenge for a top four place. The first half hour saw the teams effectively cancel each other out, but Liverpool was soon awarded a penalty when Rafael handled the ball in the box off a pressure from danger man Luis Suarez. Steven Gerrard expertly dispatched the spot kick to put the visitors ahead. United looked to hit back before half time, but apart from a Wayne Rooney shot that was palmed away by goalkeeper Simon Mignolet the hosts offered

little in the way of attacking threat. The second half began on a perfect note for Liverpool when Phil Jones barged into Joe Allen to give away a second penalty. Gerrard again beat David De Gea from the spot to put his side 2-0 up and well in control of the match. Things went from bad to worse for the Red Devils when captain Nemanja Vidic conceded a third penalty for a debatable foul on Daniel Sturridge and was shown a second yellow card, earning his fourth dismissal against Liverpool. Gerrard, however, failed to complete a hat-trick of penalties, as he struck the post from the spot. But Suarez finished from close range soon after to make it 3-0, sending Moyes to the dressing room in fast pace, apparently to avoid scathing remarks from Manchester United fans.


National Mirror www.nationalmirroronline.net

News

Monday, March 17, 2014

55

Security forum asks Gusau to resign OBIORA IFOH ABUJA

T

Katsina State Deputy Governor, Alhaji Abdullahi Garba (left), speaking during his visit to the 708 displaced victims of attack at Faskari Model Primary School, on Saturday. PHOTO: NAN

Why we demand forensic audit of CBN account -PDP OBIORA IFOH ABUJA

T

he Peoples Democratic Party, PDP, has demanded for a detailed forensic audit of all the accounts and financial activities of the Central Bank of Nigeria, CBN, from 2009 till date. The PDP, in a statement by its National Publicity Secretary, Chief Olisa Metuh on Sunday, also demanded that the audit must establish and publish all movement of monies from the CBN accounts such as contract sums, donations and other extra budgetary spending under the suspended governor, Sanusi Lamido Sanusi. The party said the audit would reveal all contracts awarded by the apex bank within the period, the beneficiary companies and persons behind them, as well as the value of the contracts and their status of execution. It further said facts available to it, some of which had already been published by the Financial Reporting Council, showed that within the period, the apex bank engaged in reckless award of inflated contracts through which over N680 billion CBN money was frittered away. Stating that the beneficiaries of the contracts consisted of highly corrupt persons who have

been hiding under the toga of anti-corruption crusaders and whistle blowers to siphon the nation’s resources, the PDP said it had been established that there were huge infractions on the management of the bank’s funds, which made it impossible for it to properly prepare its financial statements since 2012 using International Financial Reporting Standards, IFRS. The ruling party also said its investigation revealed that the APC and its stalwarts have been the beneficiaries of siphoned CBN money surreptitiously diverted to them by the suspended CBN governor Asserting that a fraudulent N48 billion contract was awarded to a leader of the APC while N5 billion was further paid to another stalwart of the party as consultancy fee, the PDP said the bank also diverted over N1billion to the APC to open offices across the nation, in addition to N100 million donated each to some chieftains of APC to fund their activities last year. The PDP insisted that the audit must expose the true beneficiaries of over N150 billion doled out as developmental donations, especially as some of the institutions listed as beneficiaries such as the Bayero University Kano, BUK, have denied receiving the sums recorded

against their names by the CBN. It noted that BUK was widely reported to have announced that it received only N1billion, as against the N4 billion claimed by the apex bank. “Our great party as well as other well meaning Nigerians are particularly worried by allegations that such funds may have actually ended up as financial support to clandestine groups working against the unity and corporate existence of the nation,” the statement said. It further stated that the “forensic audit will provide answers to how the apex bank under Sanusi spent N20.202 billion on ‘Legal and Professional Fees’ in 2011, as well as the N1.257 billion spent on ‘Private Guards’ and ‘Lunch for Policemen’ in 2012. “It will explain to Nigerians how the sum of N23 million and N50 million were spent just to renovate the official residence of the CBN governor, while solving the puzzle of N848 million claimed to have been spent on the purchase of a property from the National Planning Commission, even without any transaction agreement.” The party further said the discrepancies noted in the 2011 and 2012 CBN account regarding the Nigerian Security Printing and Minting Compa-

ny, NSPMC, wherein the CBN claimed to have paid a total of N38.233 billion to the company in 2011 for printing of banknotes, whereas the NSPMC declared a total turnover of N29.370 billion for all its transaction with all clients (including the CBN), were grave issues of corruption that no responsible government would sweep under the carpet. According to the PDP, the ‘financial recklessness’ was capped by impudence in the illegal acquisition without the knowledge of the President or the CBN Board, of 7 per cent shares of International Islamic Liquidity Management Corporation of Malaysia to the tune of N0.743billion, in a in clear violation of the CBN Act. “The issue of prudence at the apex bank borders cardinally on the health of the economy, the growth and well being of the entire nation. Our demand for a forensic audit therefore tallies seamlessly with our firm position on due process and rule law, bearing in mind the imperative of straightening the records and bringing offenders to book, failure of which will catalyze a furious denudation on the confidence of Nigerians in governance, while emitting wrong signals to the international community, especially, the development partners.”

he Nigeria Security Watch Forum rose from a crucial meeting at the weekend, with a call on the Minister of Defence, Gen. Aliyu Gusau, to resign his appointment. The forum said it was making the call for the defence chief to go, “if he feels bigger than the president and the laws of the land.” In a communiqué issued at the end of its meeting in Abuja, the forum said its members had been watching, with keen interest, media reports on the purported resignation of the Gusau. It said such stories could only have been ‘obviously planted’, particularly the one that stated that President Goodluck Jonathan ‘begged’ him (Gusau) to withdraw his letter of resignation. The communiqué, which was signed by the forum’s president, Abubakar Danbaki, further said that, based on the information at members’ disposal, it was clear that the story of the purported resignation was planted in the media by aides of Gen. Gusau to achieve set interest. It added: “Without mincing words, the purpose of the sponsored story was to influence and possibly force the President into making a decision between Gusau,

the Chief of Defence Staff and the three Service Chiefs. “This, in our view, was a cheap blackmail that obviously back fired and fell flat on its surface owing to the fact that, as watchers and keen observers of the security sector, we know as a matter of fact that General Gusau wants the CDS and the Service Chiefs to report directly to him. “Gusau wants to control the security apparatus, including the office of the National Security Adviser without an enabling legislation. The question is to what level of control does he want, and to what extent? Is it to award contracts or to determine military postings? “We know as a fact that when General Abdulrahman Danbazzau was the Chief of Army Staff, nobody asked to vet his appointments. Why then must General Gusau want to vet the appointments made by the Chief of Army Staff, when he has been fair and just in his appointments?” The forum also said that it was clear that Gusau came to the Ministry of Defence with a biased, preconceived and premeditated mind, adding that this was the real reason he wants to control the army at all cost, in order to appointments in favour of some states without consideration for professionalism.

Ondo PDP leaders meet to chart new way forward HAKEEM GBADAMOSI AKURE

C

hieftains of the People Democratic Party, PDP, Ondo State chapter, yesterday met in Akure to chart a way forward for the party in the state. Details of the meeting were still sketchy as at press time, but the leaders of the party promised to make available their decision in a communiqué. This will be the first time the leaders from all factions will be coming together under one umbrella to work for the progress of the party. The party could be using the opportunity of the re-union to launch a bid for the Ilaje/ Ese Odo Fed-

eral Constituency in the House of Representatives’ bye election slated for next month. Speaking after the meeting, the Group Managing Director, GMD, Energy Group and Publisher of National Mirror, Barrister Jimoh Ibrahim, OFR, said the outcome of the meeting would reposition the party in the state. He said PDP remains a party to beat in the state, adding that the leaders have closed ranks and are working round the clock to ensure it reclaims its position Other party leaders at the meeting include Prof. Olu Agbi, the chairman of the party, Ebenezer Alabi, Oladunni Odu, Tokunbo Kayode, Eddy Olafeso, Dr. Tayo Dairo, Lad Ojomo.


WORLD RECORD

Largest fashion show audience Vol. 04 No. 809

Monday, March 17, 2014

N150

The Victoria’s Secret Fashion Show held at Cannes on 18 May 2000, was watched by more than two million people around the world who logged onto VictoriasSecret.com.

Living on a cocktail of violence S eamless socioeconomic and political violence have become the menu on which many Nigerians are daily fed. No part of the country is immune; the difference might only be in the degree of exposure to the consequences of the various forms of violence. And the development does not discriminate against social class: both the mighty and lowly now live in perpetual state of fear. The last Monday ambush of the convoy of the Benue State governor, Gabriel Suswam, and the penultimate Saturday invasion of Enugu Government House, tell us that in the on-going war nobody is actually safe. Considering the intensity and consequences, the raging insurgency in the North East part of the country, is surely a sad denouement of a people’s expectation of a more cohesive, strong and virile nation they can call their own. It is a development

HeartBeat callistus Oke

Callistusoke@nationalmirroronline.net 08054103275 (SMS ONLY) anthonykila@mail.com that should jolt us out of our reverie and realistically take our stock as a nation. If you ask me, I will say the sacrifices Nigerians pay to have one “indivisible and indissoluble” country are becoming too high. Those who have died in this violence could not have wished it, and they were not consulted by the new self-imposed messiahs. The northern governors have, in one voice, said enough of the madness. I dare say it is not enough to wish it; there must be concrete action plan to translate the wish into political will. And more importantly, only a concerted effort by all northern stakeholders could translate into meaning action. The alternative will be a long drawn war that will lead to nowhere or alter the current political configuration of the country. If Boko Haram is currently the most potent national threat, the activities of migrant armed Fulani herdsmen – and unidentified militant groups - in Benue, Adamawa, Nasarawa, and Plateau states, are equally portentous regional threats. Preoccupation with the challenge posed by Boko Haram has detracted from the dangers arising from this festering crisis in the zone. I do not think we should allow the blood of a highly placed Nigerian to thrust on us the counter-insurgency template necessary to arrest the threat. It took Governor Suswam’s last Monday ugly experience in TseAkenyi village, Guma Local Government Area of his state to expose certain chicaneries in our military command structure. Beyond the sad spectacles of his freshly

K

AND POLITICAL VIOLENCE HAVE BECOME THE MENU ON WHICH MANY

NIGERIANS ARE DAILY FED killed people, charred remains of torched villages, sadness and worries of the living, there must be something in the conduct of the soldiers, who at Uikpam-Mbabai, decided to pull out of the tour on the grounds that they were not detailed to travel with the governor’s team to Gbajimba, to worry discerning Nigerians. This needs thorough investigation. Considering that the areas covered by the itinerary of the governor had just witnessed fresh attacks and the purpose of the tour was fact finding mission, the sense of duty of the soldiers and their commander should have prevailed on them to give security cover to the governor. The soldiers in Makurdi are there to defend the territorial integrity of Nigeria from that plank. But I also think leaders should refrain from acting ‘blindly’. On such a high risk assignment like that undertaken by Governor Suswam, an advanced intelligence gathering team ought to have been sent ahead of his visit. That this was not done puts a question mark on the professionalism of his security team. It is the same lack of detail for intel-

Sport Extra

w ell Brook stayed on course for a world title shot with an impressive workout against tough Mexican Alvaro Robles in Liverpool at the weekend. Brook, who remains mandatory challenger for the IBF welterweight title, was not out of second gear to eventually get rid of Robles in the eighth round of a

SEAMLESS SOCIOECONOMIC

ligence gathering that made the Enugu State police commissioner, Alhaji Mohammed Adamu, goofed on the identity of the armed gang that invaded Enugu Government House penultimate Saturday. The state police boss had fingered Bakassi Boys for the audacious operation, which was initially touted to be targeted at the removal of the state governor, Mr. Sullivan Chime. Barrister Benjamin Onwuka, the leader of Biafra Zionist Movement (BZM), a pro-Biafran group, and the new face of organized protest in the South East, debunked such claim. At a press conference held in the NUJ Press Centre, Enugu, he told the world that the armed gang that carried out the act was not after Governor Chime, but rather it was sent “to hoist the flag of the Republic of Biafra at the Government House”. Enugu, you recall, was the seat of power of the old Eastern Nigeria. What has happened to Barrr Onwuka? We in the South fight their own different wars. Many are daily confronted with the rising tide of domestic extremism, kidnapping, armed robberies, internet fraud, and militancy. These are issues that pose existential threat to the sustainability of our nation. Many had hoped that the forthcoming national conference would be a veritable platform for the resolution of these issues that are tearing the nation apart, but the very idea of the conference and the template for selecting or appointing the delegates, are causing its own war. And the Federal Government is waging its own soft warfare, deployment of propaganda to influence opinions and emotions towards the accomplishment of certain objective, against perceived enemies – individuals and groups. One such war is against the suspended governor of CBN, Mallam Sanusi Lamido Sanusi. President Goodluck Jonathan has raised soft warfare to an art, needling his perceived political enemies at every opportunity. And considering that action leads to reaction, the war of attrition continues. Head or tail, Nigeria loses.

Boxing: Brook advances towards world honour scheduled 10. The Sheffield stylist went through the full repertoire against a game opponent, who came with enough ambition to keep the home favourite honest. He took the first three minutes

to size up the Mexican, who carried enough power in both hands to make Brook wary. As ever, a sharp jab set up all the good work and his powerful right hands began to disconcert Robles, who nevertheless continued to

swing out of clinches and repeatedly landed with a right to the body. Robles was docked a point for numerous low blow offences but Brook took them in his stride with spiteful combinations and upper cuts.

Brook Musa

Printed and Published by Global Media Mirror Ltd: Head Office: Mirror House, 155/161 Broad Street, Lagos Tel: 07027107407, Abuja Office: NICON Insurance House, Second Floor, Central Business District Area, Abuja Tel: 08070428249, Advert hotline: 01-8446073, Port-Harcourt Office: Suite 115, NICON Hotel, 6, Benjamin Opara Street, Off Olusegun Obasanjo Rd, GRA Phaze 3, Phone: 07032323254 Email: mail@nationalmirroronline.net. Editor: SEYI FASUGBA. All correspondence to PMB 10001, Marina, Lagos. Printed simultaneously in Lagos, Abuja and Akure. ISSN 0794-232X.


Monday, march 17, 2014