Page 1

Stock market investors gain N2.35trn this year

Robbery kingpin, Tijani, still held 10 years after arrest

Nigeria emerges Africa’s best with 25% YTD gain

JOHNSON OKANLAWON

Onyema

Vol. 3 N0. 614

I

nvestors on the Nigerian Stock Exchange have so far gained N2.35trn this year, as the market outperformed its

peers in Africa in the first four months driven by strong financials from the banking sector and blue CONTINUED ON PAGE 6>>

P.4

Abubakar

Monday, May 6, 2013

NGF: Amaechi may withdraw from race We’re not behind his travails –Presidency

P.13

Rivers Speaker alleges plot to arrest him

OBIORA IFOH, SAM OLUWALANA AND OLUSEGUN KOIKI

R

ivers State Governor and Chairman of Nigerian Governors’ Forum, NGF, Rotimi Amaechi, may at the next meeting of the body withdraw his candidature as chairman of the forum. Impeccable sources told National Mirror that Amaechi will withdraw from contesting for a second term in office. The Presidency is against his re-election. President Goodluck Jonathan’s choice for the NGF chairman is Katsina State Governor Ibrahim Shema. National Mirror gathered at the weekend that although no date had been CONTINUED ON PAGE 2>>

Nebo

FG approves $3.7bn to improve power generation P.4

Dickson

L-R: Group Chief Executive Officer, First Bank Holdings Plc, Alhaji Bello Macchido; Executive Director, First City Monument Bank, Mr. Peter Obaseki; Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala; Chief Executive Officer, Stanbic IBTC Holdings Plc, Mrs. Sola David-Borha and Group Chief Executive Officer, Union Bank, Mr. Emeka Emuwa, during a courtesy visit to the minister in Abuja at the weekend.

BUSINESS SECTION LCCI urges FG to patronise locally made prepaid meters THE

New guidelines for takaful firms, favours centralised approach P.A4,A5

N150

Free ree inside

Gunmen kill five ex-militants, three others in Bayelsa P.11

Monguno: Northern politicians, businessmen panic ...seek police protection, flee to Abuja

P.2

Opposition, women hail Adelabu’s nomination as Ekiti dep gov

P.8


2

News

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Northern politicians, businessmen panic AUGUSTINE MADU-WEST, OMEIZA AJAYI, INUSA NDAHI AND

AZA MSUE

F

ollowing Friday’s kidnapping of the former Minister of Petroleum Resources, Alhaji Shettima Ali Monguno, top government officials, politicians and businessmen in the North are now living in fear with some of them seeking police protection. The growing wave of kidnappings and the general state of insecurity in the country have been given important personalities serious concern. Monguno was reportedly kidnapped by some gunmen soon after he said Friday’s congregational prayers at Mafoni Ward in Maiduguri metropolis. The ward is one of the hotbeds of terrorist activities in the Borno State capital. Although the police confirmed that there had been demands for special protection, they said the applications would pass through a rigorous screening process before they could be granted. The Inspector-General of Police, Mr. Mohammed Abubakar, has placed stringent measures to prevent the process from being abused. Before now, findings showed that the demand for bodyguards had been prominent in Anambra, Imo and Abia states. There is also a growing demand in Kogi, Nasarawa and Benue states ostensibly because of the communal clashes in some parts of the three NorthCentral states. It will be recalled that last week, the JTF spokesman, Sagir Musa, in a statement issued in Maiduguri, warned residents, particularly politicians, civil servants, traditional rulers and others important personalities on the wave of crime in the state. A source told our correspondent that a highly respected traditional ruler in the state (name withheld) had relocated his family to Abuja even as he had restricted himself to his palace for the fear of the unknown. Also a top business mogul (name withheld) who has since relocated from Maiduguri with some of

his family members said: “I have to relocate from Maiduguri because apart from the threat letter issued to me by suspected members of the sect, I was informed by security agents that I am among those being hunted by some terrorists after they were apprehended in the state while trying to kidnap one of my colleagues recently.” In fact, the issue of kidnapping is becoming so rampant more than what obtains from the Niger- Delta, because, in the case of Maiduguri and its environs, the kidnappers hardly demand for a ransom. For example, since the elder statesman Dr. Monguno was kidnapped in a Mosque at Mafoni ward of the metropolis on Friday after Juma’at prayers, his abductors have not come out publicly demanding for a ransom. National Mirror gathered that some Northern elites who are based in Kaduna have partially moved to Federal Capital Territory for security reasons. But, former governor of defunct Kaduna State, Alhaji Balarabe Musa, said he has no money to pay kidnappers’ ransom and no other place to go apart from his Kaduna home. In a telephone interview with National Mirror, Musa said kidnappers can kidnap him too but all his belongings cannot reach half of the ransom been demanded from victims. The elder statesman, while condemning in strong term the kidnapping of Monguno, said he had warned government about the menace but nobody adhered to his advice. Musa however called for a holistic approach by government and Nigerians to end kidnapping whom he described as a dangerous dimension to insecurity. In Kano, the political class and leaders in the state are also living in fear of their safety. National Mirror findings show that some of the leaders have already made contact with police authorities with a view to seeking the protection of the security agents against any form of attack, and those in this category we further gathered included notable political leaders and elders with contacts at the Presidency

and political office holders ranging from House of Assembly members to senators and top businessmen. Although police authorities in Kano have denied any contact with political

office holders or leaders along that line, it was gathered that such arrangement is being kept top secret and negotiated privately with police divisions or posts nearest to anyone seeking

such protection. However, one police source said that homes of prominent persons especially those in government are enjoying some measure of privileged security atten-

tion. A prominent northern leader in Second Republic, who wanted his name out of print, doubted whether the fate of the former MPN CONTINUED ON PAGE 5>>

L-R: British High Commissioner to Nigeria, Dr. Andrew Pocock; Minister of State for FCT, Chief Olajumoke Akinjide and The Lord Mayor of the City of London, Mr. Alderman Glifford, during a courtesy visit to the minister in Abuja at the weekend. PHOTO: ROTIMI OSASONA

NGF: Amaechi may withdraw from race CONTINUED FROM PAGE 1

fixed for the next meeting of the NGF, the governor would soon call members of the forum to render account of his stewardship in the last two years. The embattled governor assumed office in June 2011, shortly after the general elections and thereafter fixed a date for the next election which must take place this month. Sources with knowledge of the situation told National Mirror that most of the governors, including the progressive, had suggested that a neutral governor would be suitable for the forum. The progressive governors, it was learnt, had also advised Amaechi not to contest for a second term in the interest of the NGF. The source, who is an aide to one of the governors from the North Central and an anti- Jonathan crusader, said: “The governors are worried that the issue of who chairs the forum is unnecessarily being politicised and it has taken off the shine of why the forum was created. “NGF is not a political party, it is a body where the governors themselves assess their performance while in office, using as benchmark what similar states have done and succeeded. “But the people are making it to look as if it is

purely a place to play politics and plot unnecessary gamesmanship. “In a few days, a new chair will emerge not based on the popularity of the candidate or who is behind such one but on the grounds that other colleagues will learn a few things from how he has managed his state and steered the state away from the common malaise of misgovernance.” Though the National Chairman of the Peoples Democratic Party, Alhaji Bamanga Tukur, at the weekend in Ontario, Canada, promised the embattled governor that he would ensure that he retained his position, a promise many people believed was a political statement, more pressure had continued to mount for the removal of Amaechi and his immediate replacement with a neutral candidate. Tukur had said: “PDP is the party that produced President Goodluck Jonathan and also the governor. The party is their father. As their father, the party will intervene in the crisis and ensure that there is peace between the President, who is the leader of the party, and the governor.” Over the weekend in Toronto, Canada, some PDP governors, party leaders, including members of the National Working Committee, NWC, and top officials

of the Rivers State government, had attempted to end the rift between the governor and the President but their efforts were unsuccessful. The meeting, hosted by Nigerian Ambassador to Canada, Chief Ojo Maduekwe, was discreetly organised to settle the fast degenerating intra-party crisis within the hierarchy. It will be recalled that attempts by the governors to hold an election in March was suspended when the supporters of President Jonathan received signals that his candidate for the NGF chairmanship, Katsina State Governor Ibrahim Shema, was heading for a defeat against Amaechi. “When it was clear that Amaechi would have easily won re-election, they (Jonathan’s loyalists in the NGF quickly called for the postponement of the election, saying that the current leadership should be allowed to finish its tenure in the spirit of democracy,” a governor-participant at the NGF meeting in Abuja told one of our correspondents. On the eve of the suspended poll, the Peoples Democratic Party Governors’ Forum was formed during a meeting presided over by Jonathan in Aso Rock and Akwa Ibom State Governor, Godswill Akpabio, a known loyalist of Mr. President, emerged as

the chairman of the new forum. Meanwhile, indications emerged yesterday that the State Security Services, SSS, and other security agencies would soon investigate the particulars of the grounded Bombardier aircraft belonging to the Rivers State Government. Information gathered yesterday by National Mirror revealed that the Ministry of Aviation might have handed the documents at its disposal to the security agencies for further investigations. The jet, a Bombardier – BD 700 Global Express with the registration number 5N565RS, operated by the Rivers State Government was on April 26, 2013 grounded by the Nigerian Civil Aviation Authority, NCAA, for flying illegally in the Nigerian airspace. The aircraft’s papers, according to the government, had expired on April 2, 2013 and an extension was given by the NCAA for the Rivers State Government to renew the papers, but the state still failed to meet the requirements for renewal. The Rivers State Government had tendered documents indicating that the aircraft was being managed by Caverton Helicopters, but the company, according to the Ministry of Aviation and the NCAA, had said that those CONTINUED ON PAGE 5>>


National Mirror www.nationalmirroronline.net

Monday, May 6, 2013

3


4

Photo News

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

L-R: Retired Anglican Bishop Diocese of Lagos West, Rt. Rev (Dr) Peter Adebiyi, his wife, Caroline and Ekiti State Governor Kayode Fayemi, during a special thanksgiving service to mark Adebiyi’s 70th birthday and retirement at St Paul’s Anglican Church, Osi-Ekiti, yesterday.

L-R: Resource person, Mr. Kehinde Oyeleke; Initiator, Mrs. Fola Ogunsola; Deputy ViceChancellor, University of Lagos, Prof. Duro Oni and consultant, Mr. Wale Ogunsola at the programme tagged: “Path to becoming an employable graduate” organised for UNILAG final year students in Lagos, recently.

L-R: Director, La Casera Company Plc, Mr. Bankole Animashaun; Group Financial Director, Jotina, Mr. Sanjeev Chhetri and Managing Director, Mr. Anil Bapna, during the 2013 partners’ conference held in Lagos, at the weekend.

L-R: Deputy President, Nigerian Association of Chambers of Commerce, Industry, Mines & Agriculture, Iyalode Alaba Lawson; wife of the Governor of Ogun State, Mrs. Olufunso Amosun and former Speaker, The Gambian & ECOWAS Parliament, Hon. Fatoumatta Ceesay, at the 2013 Women Advancement Forum in Johannesburg, South Africa

National News FG approves $3.7bn to improve power generation to 20,000 mw CHIDI UGWU ABUJA

T

he Federal Government has approved $3.7 billion for the improvement of power generation to 20,000 mega watt. The Senior Special Assistant on Media and Publicity to the Vice-President, Umar Sani, said in a statement that Vice-President Namadi Sambo disclosed the government’s decision to improve the power generation at a meeting with Nigeria-Canadian Association in Toronto. According to the statement, Sambo explained the various efforts initiated by the Federal Government to develop infrastructure at the meeting. Sani said President Goodluck Jonathan’s administration was committed to the provision of infrastructure, saying: “Efforts are being exerted in the areas of power supply, transportation, avia-

tion, Information Communication Technology, agriculture, provision of affordable healthcare services and provision of good governance. The statement appreciated the contributions of the Nigerians in the Diaspora to national development. The statement said that it was in recognition of their contributions that a Diaspora bond of N1 billion was set up and urged them to key into the initiative. Earlier, the President of the Nigeria-Canadian Association, Fabian Nwoha, expressed the association’s desire to contribute to the development of the nation, but was reluctant due to the reported criminal activities in the country. Nwoha, however, reminded the government of its promise to provide a consular office in Toronto so as to enhance robust diplomatic issues.

Tijani, trans-border robbery suspect, still detained 10 years after arrest WALE IGBINTADE

I

ndications have emerged that a crossborder robbery suspect, Hamani Tijani, will be spending 10 years in prisons custody by September, yet his trial may not have been concluded. Tijani was arrested sometimes in September 2003 in Cotonou, Benin Republic, and was handed over to the Nigerian Police at Seme border for prosecution. Tijani is currently standing trial before Justice Sybil Nwaka of a Lagos High Court on a three-count of conspiracy to commit armed robbery, armed robbery and receiving stolen goods respectively. The defendant had through his lawyer, J H Bashir, filed a “no case submission’’ and asked the court to discharge and acquit him for lack of diligent prosecution, but his request was refused by Justice Nwaka

in a ruling delivered on October 23, 2012. When the matter came up on January 14, 2013, the prosecution was not in court as a result of which it was adjourned till March 12, 2013. However, the trial was stalled again on March 12 as the court did not sit and the case was further adjourned till May 9. It was learnt that many months after his “no case submission’’ application was refused, the court is yet to give the reasons for the refusal. Tijani had in his application, reminded the court that of the six witnesses listed by the prosecution, it had only called one Sgt Oluwemimo Banjoko as a witness eight years ago (2005) adding that no further witness testified in court in support of the prosecution. He added that after much waiting and no progress was made in the matter, his lawyer ap-

plied that the case of the prosecution be closed which was granted by the court. In his application, Tijani wanted court to determine whether the prosecution has established a prima facie case of conspiracy to commit robbery as contained in section 403A of the Criminal Code Laws of Lagos State and whether the testimony of the only prosecution witness was enough for him (Tijani) to answer the allegation of armed robbery. His lawyer submitted that for an offence of conspiracy to exist, there must be evidence before the court that the defendant (Tijani) constituted direct involvement, adding that mere suspicion was not an offence in law. Specifically, he said that the burden of proof in adversarial criminal justice system demands that the prosecution proves its case beyond all reasonable doubts, say-

ing: “There is need for the prosecution to prove that the defendant received the stolen goods’’. He also challenged the evidence of Sgt. Banjoko who he said was not the investigating police officer, but merely a member of the Special Investigation Panel (SIP) constituted by the then Inspector -General of Police, Mr. Tafa Balogun. Tijani was paraded with 30 other suspected cross-border robbery suspects before journalists in Abuja by the then IGP. Subsequently in 2004, the Lagos State Government charged him to court for receiving stolen property contrary to Section 427 of the Criminal Code Cap C.17 Vol.2 Laws of Lagos State 2003. He was alleged to have on or about August, 2003 at Porto-Novo in Benin Republic received a Peugeot 607 salon car marked: AY 651 APP knowing same to be stolen.


National Mirror www.nationalmirroronline.net

News

Monday, May 6, 2013

5

NGF: Amaechi may withdraw from race CONTINUED FROM PAGE 2

documents were forged. Although Caverton Helicopters had declined to make a public statement on the issue, one of its media consultants had told our correspondent last week that the company had tendered relevant documents requested on the issue. The General Manager, Corporate Communications, Federal Airports Authority of Nigeria, FAAN, Mr. Yakubu Dati, said government had established a case of forgery against the owners of the aircraft and insisted that the matter would be followed to a logical conclusion. He explained that the issue had gone from that of expired papers to forgery as Caverton Helicopters had said that its papers were forged, stressing that soon, security

agencies would come in to investigate the matter. “Anyone who contravenes the concession grace is usually fined. As we stand now, the issue is going into forgery because Caverton Helicopters has come out to say its papers were forged. “So, it is more like a security issue now and that is why the security authorities or relevant organisations would come in to play their part. “The major question is: Who is the owner of the aircraft? The papers are that of Bank of Utah from the United States of America, but what is written on the body of the aircraft is Rivers State Government. So, the question is who owned the aircraft? “If the owner of the air-

craft is found, the law will take its cause. We have laws in this country and when it comes to issue of forgery or what have you, the relevant authorities are there to take action. As far as the aviation authorities are concerned, we found an alien object flying in our skies,” Dati said. Also, the Acting Director-General, NCAA, Mr. Joyce Nkemakolam, said that the agency had done its part by verifying the documents before it. Nkemakolam added that the government, through the NCAA had already taken a position on the issue with the grounding of the aircraft, stressing that for every violation, there must be a sanction. He could not however confirm if monetary sanction would still be imposed by the

agency after the grounding of the aircraft, but explained that NCAA was acting according to the International Civil Aviation Authority, ICAO regulations. He said: “For every violation, there is a sanction and the sanction of exceeding the limitation of your clearance is grounding, which the authority has already done. The aircraft has been grounded. Then, we will do the necessary thing if there is any financial implication and all that. That is the law anywhere in the world. “Aviation is one in the globe and we draw our power from ICAO regulations and we domesticate it, which now gave us the NCAA. We are not inventing or reinventing the wheel. Whatever we do is in line with ICAO standards and

Scene of a car bombing by a suicide attacker near a government convoy in the Somali capital, Mogadishu, killing at least seven people yesterday.

Northern politicians, businessmen panic CONTINUED FROM PAGE 2

chieftain and Borno leader has anything to do with the activities of the Boko Haram sect. In a text message sent to National Mirror he said: “I am not convinced that it is the work of Boko Haram. Some people with other motives might be involved, so we have to investigate the matter further before taking a position on it. The general impression is that Ali Monguno is not so anti-Boko Haram, his kidnappers may have come from one of the three groups: either a group of non-Nigerians or a faction of Boko Haram supporters or some people from outside the North, nothing should be ruled out for now. Thorough investi-

gations could unravel who the perpetrators were.” The police however denied any request for protection from any quarters as a result of the kidnapping. “As far as I am concerned we have not been contacted by any politician or political office holder for the deployment of security personnel to their homes on account of the anxiety generated by the Kidnap of Ali Monguno,” the Kano Police Public Relations Officer, Musa Majiya, said in response to an enquiry by our correspondent. Meanwhile, Governor Kashim Shettima of Borno State, yesterday re-echoed a passionate appeal to Monguno’s abductors, pleading for his release and caution-

ing them of the spiritual gravity of contributing to the death of a 92-year-old man, who is known for helping orphans, widows and the needy. The governor’s message was relayed to newsmen by his Special Adviser on Communications, Isa Umar Gusau after his return to Maiduguri from Abuja, sequel to an emergency meeting with President Goodluck Jonathan over Mongunu’s abduction on Friday. According to the governor, “Allah places high premium on orphans, He said in many portions of the Quran that taking care of orphans is one of the best deeds before him because His noble Prophet Muhammad (S.A.W) grew

up as a poor orphan. Allah has clearly described those who help orphans and feed the poor as the righteous ones He is pleased with. “Those who help orphans and the poor have special place before Allah and this makes our elder statesman, Shettima Ali Monguno a special person before Allah because over the years he has dedicated his lifetime to catering for orphans, widows and the needy; he feeds them, cloths them, takes care of their health and other social needs, he sponsors them for Islamic education, builds Islamic schools for orphans, widows and women. “He is a righteous old man as all humans can

recommended practices.” “I work for NCAA. We play our part and we allow other agencies to play their part. If there is security issue involved, then, the appropriate security agencies will handle it. So, ours is to say this is the documents that we have and show them our own side.” In another development, the Speaker of the Rivers State House of Assembly, Mr. Otelemaba Amachree, yesterday alleged that security agents were plotting his arrest when the House reconvenes today. He said that a plan had been hatched to create pandemonium at the Assembly complex in order to seal it off and declare a state of emergency in the state. Speaking through his Personal Assistant on Media, Mr. Jim Okpiki, Amachree said that some hoodlums had been hired to fire gunshots and cause stampede during today’s session. He added that there was a plot to abduct him during the ensuing confusion and take him to an unknown destination to destabilise and destroy democratic structures in the state. The Speaker’s aide said: “We have uncovered a plot to arrest the Speaker of the Rivers State House of Assembly, Mr. Otelemaba Amachree, after creating confusion at the Assembly

complex on Monday. “The plan is that some hoodlums would be hired to fire gunshots within the Assembly complex to create panic and in such situation, they would arrest the Speaker.” Meanwhile, indications were rife yesterday that the Assembly could reverse itself on the suspension of the Chairman of Obio/ Akpor Local Government Area, Mr. Timothy Nsirim, as members of the House are scheduled to deliberate on the political crisis affecting the state PDP. The local government Caretaker Committee Chairman, Mr. Chikodi Dike, has alleged plan by some Abuja-based politicians to storm the secretariat with hoodlums with the aim of unleashing mayhem. Dike, in a statement issued in Port Harcourt yesterday, alleged that the plot was to be championed by a former chairman of the council. “We can now authoritatively reveal to Rivers people that the same Abuja forces, who orchestrated the barricading of our council premises by the police, are planning to storm the same council offices on Monday, May 6, with different shades of hoodlums and miscreants and then unleash violence and mayhem on the good people of Obio-Akpor Local Government Area.”

testify, leaving Allah to be the judge; he is associated with honesty and integrity. This means Allah cannot be happy with anyone that hurts this good servant of His if for nothing because of his help to orphans. “Monguno is an old man of over 90 years, he hardly eats well because of his age, he takes routine drugs about seven times a day to make up for lack of eating, keeping him in custody away from his drugs can make his health deteriorate very fast. “I strongly appeal to his abductors to consider his old age; they should regard him as their own father and grandfather. They should realise that by keep-

ing Monguno away, they are breaking the hearts of many orphans and whom Allah has special interest in; they should realise even during the times of the Prophet when Jihads were fought to liberate Islam, Allah abhorred harming old persons, children and women unless if they arm themselves at battlefields. “The abductors should realise that they are keeping an old man that is one of the leading voices against bad leadership, against corruption, against oppression; against public freedom. They are keeping in custody, an old man who has over the years raised his voice in defence of the masses and against their oppressors.”


6

News

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Nigeria won’t know peace, if Jonathan isn’t re-elected –Asari-Dokubo OBIORA IFOH ABUJA

T

he leader of the Niger Delta People’s Volunteer Force, NDPVF, Alhaji Mujahid Asari-Dokubo, has warned that Nigeria would not know if President Goodluck Jonathan was not reelected in 2015. Asari-Dokubo also labelled Governor Rotimi Amaechi of Rivers State a traitor and warned that even if the ongoing recon-

ciliation between the governor and Jonathan succeeded, he would still make the state ungovernable for him. He said: “I want to go on to say that there will be no peace, not only in the Niger Delta, but everywhere if Goodluck Jonathan is not president by 2015, except God takes his life, which we don’t pray for. “(Chief Olusegun) Obasanjo had uninterrupted eight years of two terms to be president, according

Suspected cultists kill two brothers, pregnant woman FRANCIS SUBERU

T

here was apprehension in Surulere area of Lagos, following the killing of two brothers and a pregnant woman by suspected cultists. The incident occurred about 7:30p.m last Thursday at Shitta Street, Surulere, Lagos, when suspected cultists went on rampage shooting the two brothers whose names were yet-tobe-known and a pregnant woman. Apprehension in the area

at the weekend culminated in the deployment of the policemen drawn from the Lagos State Security outfit, Rapid Response Squad, RRS, Area ‘C’ Command headquarters, Surulere and Surulere Divisional headquarters to prevent the situation from escalating. As at the time of filing the report, details of the cause of the incident were sketchy. Also, the state Police Public Relations Officer, Ngozi Braide, could not be reached to comment on the killings.

NHIS covers only 4.3% of Nigerians –Executive Secretary TOBORE OVUORIE AND MARCUS FATUNMOLE

T

he Acting Executive Secretary, Nigerian Health Insurance Scheme, NHIS, Dr. Abdulrahman Sambo, at the weekend disclosed that only 4.3 per cent of Nigerians were covered by various health insurance programmes. This is as the Nigerian Medical Association, NMA, has expressed dismay over the slow pace of the NHIS. Sambo, who spoke in Abuja, put the total number of persons covered by the scheme across the country at a little over seven million, out of the over 160 million population. He said: “Under the formal sector at the federal level, we have close to 2.7 million people. Earlier last year, it was 2.1 million. We were able to increase it to 2.7 million. It is slow because people haven’t presented themselves or take time to present themselves for registration. “Under the organised private sector, we have well over a million. Currently, we have over seven million Nigeri-

ans covered in the various programmes. The students at the tertiary institutions, the community-based health insurance programme, the organised private sector, the Millennium Development Goal, MDG, on its own, we have 1.8 million pregnant women and children underfive covered.” The acting executive secretary blamed low coverage across the country on the failure of state and local governments to key into the scheme. Sambo decried the absence of data of Federal Government employees which he said made it possible for anyone to fraudulently enrol for the scheme. He said: “If we have the database of all civil servants in the country; that would have been the best way to go. But, you say you are Ahmed Ibrahim, you go online and do registration and you are not a civil servant. You will get cover because we don’t have database of federal employees. “Once you register, you are queued in… So, if you allow online registration, we don’t have the database to check who is a civil servant is or not.”

to the Nigerian constitution. We must have our uninterrupted eight years of two tenures. I am not in support of any amendment of the constitution that will reduce the eight years of two tenures that Goodluck Jonathan is expected to be president of Nigeria.” Asari-Dokubo also warned that attempts to smuggle in former military leader, General Muhammadu Buhari, into the Presidential Villa by all means by the northern oligarch would not only fail but would be resisted by all means by the Niger Delta. The former president of Ijaw Youth Congress, IYC, insisted that Jonathan re-

mained the best President Nigeria ever had. He said: “We from the Niger Delta have been fair. We criticise our own, but that does not change what I have always said that ‘monkey no fine, but him mama like am’. We will continue to support and stand by Goodluck.” Asari-Dokubo claimed that Buhari would go down as the most corrupt leader in Nigeria. He said: “They talk about Buhari and I asked them what would Buhari show in all the years he has been in government? He was a governor in the North, later he became commissioner for Petroleum and Natural

Resources, he was Head of State, and he also headed the Petroleum Trust Fund, PTF. In all of these positions he held, what are his achievements? “When we go to Dubai and other former thirdworld countries, we see the achievements of their leaders, if Buhari is so good, let him show us one thing that he achieved when he was in the positions he held before.” Speaking about Amaechi’s administration, AsariDokubo said: “If Rotimi Amaechi has singled himself out as a traitor, he will be treated as a traitor, there is nothing anybody can do about it. There is a

monumental corruption going on in Rivers State under Amaechi. He budgets $3 billion every year, and there is nothing to show for such budget in Rivers State, which is a one city state. “If they like, let them settle him and Goodluck, but we the people of the Niger Delta will not settle and allow a traitor in our midst. We will never allow a traitor to be in our midst. Because if God brings you out from poverty, you should be grateful to God, and not to drag yourself back to poverty; that is what Amaechi wants to do. We will help him go back to slavery and poverty, but will never allow him to drag us along.”

L-R: Senior Special Assistant to the President on Aviation, Mrs. Anne Ene-Ita; Acting Permanent Secretary, Ministry of Aviation, Mr. Clement Dosunmu and Director-General, Nigeria Civil Aviation Authority, Mr Joyce Nkemakolam, during the public presentation of PHOTO: ROTIMI OSASONA the new aviation policy 2013 in Abuja, at the weekend.

Stock market investors gain N2.35trn this year CONTINUED FROM PAGE 1

chips as well as renewed confidence by offshore investors. The All Share Index posted a 25 per cent year-to-date gain as at Friday, a decent margin by any means, shadowing the strong showing by African stock exchanges including Kenya and Botswana, compared with the more established European bourses. Kenya, Nigeria and Botswana have been the top three performing Exchanges as at April 30, 2013 with YTD gains of 24.5 per cent, 19.08 per cent and 16.29 per cent respectively while Egypt and South Africa being the two least performing exchanges. Nigeria however overtook Kenya on Friday to take the top spot as the ASI surged by almost two per cent to the highest close since 2008, helped by gains by conglomerate United Africa Company of Nigeria, UACN, banking and cement stocks to record YTD gain of 25.04 per cent. As at May 3 last year,

Nigerian equities had only managed to gain 7.81 per cent to close at 22,351.00 points, from 20,730.63 points at which it opened the year. On Friday, the Nigerian Stock Exchange All Share Index closed at 35,109.33 points, compared to 28,078.81 points at which it opened the year on January 3, 2013, while market capitalisation rose by N2.35trn to close at 11.2trn, up from N8.87trn in the beginning of the year. The index closed 1.76 per cent higher at 35,109 points on Friday, its highest since November 28, 2008 when it peaked on N12.6trn. Shares of UACN rose the maximum 10 per cent to hit N64.68 per share, a record high, Union Bank appreciated by 10 per cent to N9.78, while Dangote Cement gained 3.82 per cent to a record high of N185, breaking the previous day’s record. The Managing Director of Trust Yields Investment Limited, Alhaji Rasheed Yussuff, said the market is being driven largely by investors’ reactions to the positive financials posted by

the banking and consumer sectors, and the sustained growth in the economy. According to him, the market was on its way to a full recovery as market operators take advantage of growth in the local economy and increased opportunities being created by privatisation of the power sector and expanding consumer base. “If you look at the American stock index, it has surpassed its pre-2008 level and Nigerian stock is still below half of its peak in 2008, so we have room to grow further,” Yussuff said. Following the banking consolidation exercise in 2005, the equities market rode on the back of an unprecedented bull run which peaked at a market capitalisation of N12.62trn in March 2008. The global financial crisis and the local banking crisis mellowed down investors confidence, which led to huge sell-offs and the market capitalisation lost significant value to as low as N6.27trn in November of 2011.

The banking sector stocks lost more than half of their value, the stock market floundered between 2009 and 2011 until the reforms initiated by the Central Bank of Nigeria, CBN, and Asset Management Corporation of Nigeria, AMCON, which bought up the non-performing loans from the balance sheets of the banks, started to yield fruit. In 2012, foreign and institutional investors started to regain confidence in the market and began to take positions, resulting in a growth of 34.5 per cent by December ending. But indications emerged there have been declining trend in the flow of foreign portfolio investment in equity trading, as local investors began to regain confidence in the market. According to data posted at the NSE website, Foreign Portfolio Investment, FPI flow, which stood at 15 per cent in 2007, consistently increased over the years to stand at 67 per cent in 2011 but dropped to 61.4 per cent in 2012.


National Mirror www.nationalmirroronline.net

Monday, May 6, 2013

7


8

News

Monday, May 6, 2013

SEC postpones compliance date on e-dividend JOHNSON OKANLAWON

T

he Securities and Exchange Commission, SEC, has postponed indefinitely, the deadline of Monday June 3, 2013, for transitioning to e-dividend payment. E-dividend refers to payment of dividends due to shareholders through a direct credit to their nominated bank accounts rather than the issuance of cheques or warrants. SEC in a notice posted on its website last Friday, said consequent upon the feedback received from various stakeholders in the capital market, the commission postponed the compliance till further notice. According to SEC, the postponement will enable the commission to further enlighten retail investors and other investing publics on the merits of e-dividend payment. “The commission is also engaging the monetary authorities on modalities for e-dividend to be paid into both savings and current accounts. “We hereby assure all investors that protecting their interest is the key focus of the commission. In this respect, the commission is seeking to ensure that investors no longer lose their dividends due to diversion and loss of dividend warrants,” the commission said. It also encouraged

listed companies and registrars to do all that is necessary to reduce the quantum of unclaimed dividends. SEC’s Director-General, Ms. Arunma Oteh, had in March this year; put the value of unclaimed dividend by investors in the country’s capital market at N60 billion as at December 31, 2012. This means that the amount of dividend declared by quoted companies, but remained unclaimed by the end of 2012 grew to 2, 770, 81 per cent, in 13 years from N2.09 billion in 1999 to N60 billion. The enabling laws say that dividend, once declared, becomes statute bared (reverts to the firm that offered it, where it remains unclaimed for 12 years). In 2003, the unclaimed dividend pool increased to N6.4bn. It dropped in 2004, but by 2008 it was N17.9 billion, before galloping to 89.54 per cent by the end of 2010 to N33.9 billion. In that year, according to SEC, five banks accounted for the bulk. While First Bank accounted for N19.9 billion, Access Bank had N6.15 billion, Guaranty Trust Bank, N3.61 billion, Intercontinental Bank, N3.03 billion and Fidelity Bank, N1.26 billion. Meanwhile, Access Bank recently told shareholders that there has been a drastic 72.04 per cent reduction in the unclaimed dividends on its books from N2.46 billion to N687.7million in 2012.

Opposition, women hail Adelabu’s nomination as Ekiti deputy gov ABIODUN NEJO ADO EKITI

T

he nomination by the Ekiti State Governor, Kayode Fayemi, of the Chairperson of the state Universal Education Board, SUBEB, Prof. Modupe Adelabu, as the deputy governor of the state has been described as a welcome development. Leaders of the opposition Peoples Democratic Party, PDP, and women in the state under the auspices of the National Council of Women Societies, NCWS, said Adelabu merited the position in view of her achievements in her chosen career and as SUBEB chairperson. State PDP Deputy Chairman and governorship aspirant in the 2014 governorship in the state, Hon. Femi Bamisile, said “Prof. Adelabu has contributed immensely to her profession and the state as the SUBEB boss. I am sure that the

governor would have seen something in her which culminated in her nomination as deputy governor.” The opposition party leader, however, advised Adelabu, when her appointment is finally ratified by the state House of Assembly, to “use her time and office to contribute to the development of the state.” Fayemi had, at the weekend, forwarded the name of 63-year-old Adelabu, a Professor of Education, to the Assembly for consideration as the new deputy governor in place of the late Funmilayo Olayinka, who died on April 6, after a protracted battle with cancer. Similarly, the state PDP Director-General, Directorate of Media and Publicity, Chief Gboyega Aribisogan, said appointing an individual like Adelabu as the deputy governor “gladdens so many hearts because she merits it.” Aribisogan, who said

ABUJA

T

he Congress for Progressive Change, CPC, has once again said that President Goodluck Jonathan has not lived up to expectation in the areas of security and welfare of Nigeria and particularly his inability to visit the Baga community, weeks after the community was completely razed due to armed confrontation between insurgents and the military. In a statement by the National Publicity Secretary of the party, Rotimi Fashakin, the CPC said that it is

reminding the President that part of his oath of office is to preserve the fundamental objectives and directive principles of state policy in chapter two of the Constitution of the Federal Republic of Nigeria. The party said what is more annoying is the refusal of the President to visit the area to get first-hand information after more than two weeks of this unfortunate incident. “It is our belief that the refusal of the President in visiting Baga does not only show insensitivity, but is a conduct that is not statesman-like for those that bear

delivery in that position, required teamwork and cordial relationship with the governor, said the professor’s age and maturity would assist her in handling matters of the state. He continued: “As an opposition party member, I know that appointing anybody as deputy governor would not change Ekiti people’s perception about the Fayemi administration which they are ready to throw out with their votes.” In the same vein, women in the state, who had earlier said they would not allow Olayinka’s death to rob them of the slot, said they had been celebrating since Adelabu’s name was announced. State NCWS President, Evangelist Nike Obatayo, said; “I have been celebrating with women since the announcement. People have been celebrating with us. That lady is our lady. It is a right choice. This is a round peg in a round hole.”

A commercial passenger bus gutted by fire that broke out from its engine compartment at the Fadeyi area of Lagos, at the weekend. PHOTO: YINKA ADEPARUSI

Baga: ‘Again, Jonathan has failed the nation’ OBIORA IFOH

National Mirror www.nationalmirroronline.net

presidential authority over a jurisdiction.” The party recounted that on September 7, 1980, President Shehu Shagari visited Ibadan, Oyo state within days of the Ogunpa flood disaster. On touring the areas affected by the devastation which left about 240 people dead and thousands homeless, he said: ‘I have seen real disaster!’ “On January 28, 2002, President Olusegun Obasanjo visited Ikeja Military Barracks barely 24 hours after bomb explosions destroyed lives and property. In a rare show of empathy with the distraught victims, includ-

ing women and children, who had lost loved ones and were rendered homeless, the President preferred to tread bare-footed!

“Shortly after the Boston Marathon Bombing, President Barack Obama, was on hand to offer words of comfort to the bereaved and assuage the pains of the wounded.”

Tax management workshop holds tomorrow

T

he Joint Tax Board, JTB, and the Chartered Institute of Taxation of Nigeria, CITN, will tomorrow begin a two-day workshop in Lagos. Titled; “Tax administration and enforcement strategies,” the workshop is primarily designed for top local government officials, states Board of

Internal Revenue, Ministries of Finance and Federal Inland Revenue. The workshop will also hold in Asaba on May 28; Enugu on June 11 and Abuja on June 29. The Chartered Institute of Local Government and Public Administration Nigeria is also part of the workshop being coordinated by a reputable firm.

Jonathan leads delegation to World Economic Forum on Africa MARCUS FATUNMOLE ABUJA

P

resident Goodluck Jonathan will today lead the Nigerian delegation to the World Economic Forum on Africa, holding this week in Cape Town, South Africa. The delegation includes key members of Nigerian Economic Management Team. The event, scheduled to commence on Wednesday, will bring together regional and global leaders who are expected to brainstorm on new strategies for accelerating economic diversification in Africa. The forum is also expected to look at the availability of essential infrastructure on the continent. The forum, which has “Delivering on Africa’s Promise” as its theme, is also expected to provide a platform for African leaders in government, business and civil society and their counterparts from other regions of the world to deepen the continent’s integration agenda and renew their commitment to a sustainable path of growth and development that will further unlock Africa’s potentials and talents. President Jonathan will, upon arrival in South Africa today, pay a state visit to South Africa ahead of the opening of the world economic forum. The President and his delegation will also participate in the Grow Africa Investment Forum being jointly hosted in Cape Town by the African Union, the New Partnership for African Development, NEPAD, and the World Economic Forum to accelerate investments and transformative change in African agriculture based on national agricultural priorities, and in support of the Comprehensive African Agricultural Development Programme. Jonathan will, in the course of the state visit, confer with President Jacob Zuma, Deputy President Kgalema Mothlante and other South African government officials on ways of improving trade and economic relations between Nigeria and South Africa.


National Mirror www.nationalmirroronline.net

Monday, May 6, 2013

Iwo indigenes to kingmakers: We don’t want a nonentity ADEOLU ADEYEMO OSOGBO

A

s the throne of Oluwo of Iwo is now vacant following the death of Oba Ashiru Tadese, some indigenes of the ancient town yesterday called on kingmakers not to give them a nonentity as the next king. Speaking through Iwo Patriotic League at a press conference held in Iwo, the indigenes said they want a credible and competent person to be installed as king.

Their spokesman, Mr Kazeem Adeyemo, who said Iwo deserves a literate monarch with contacts and passion for development, added that they would not allow a moron to steer the ship of the town. The indigenes, however, expressed support for one of the contenders to the throne, Ismail Adebayo, and appealed to the kingmakers to ensure equity, fairness and transparency in the selection process. The spokesman, Adey-

emo, said: “As it is the turn of Adegunodo Royal House to produce a king for Iwo, we call for the selection of a literate, forward-looking and compassionate candidate. Iwo, by every inch, deserves a competent ruler.” Two candidates from Adegunodo Royal House - Prince Azeez Adio and Prince Adebayo - have indicated interests in the throne. Other ruling houses in the town include Gbase, Alausa, Ogunmakinde-Ande and Tadese.

LASTMA rewards 99, asks officers to shun corruption MURITALA AYINLA

T

he Lagos State Traffic Management Authority (LASTMA) at the weekend honoured 99 distinguished officers, just as it charged them to shun corrupt practices while discharging their duties. Some of the officers rewarded were those with no records of malpractices and those who frequently report traffic situations at their duty posts on the state's Traffic Radio. They were recommended for the honour by concerned citizens. The pioneer LASTMA General Manager, the late Adegboyega Coker, was also posthumously rewarded. Presenting the multimillion naira worth of gifts

and plaques to the officers, the LASTMA Chairman, Mr Young Arabamen, charged the officers to continue to serve with diligence and desist from acts capable denting the image of the agency. He said: "Always discharge your duty as expected, Only God can reward you abundantly. For those of you who are still tarnishing the good image of this agency, you need to be contended with what you have. Corruption is a sin and its consequence is great. Don't hurt your fellow man because of money. If you collect or demand money from a less privileged, you are cursing yourself. "There are no plans to scrap LASTMA, those who are saying that are only deceiving themselves. Imagine Lagos without LASTMA, so you have to continue your

good work.” LASTMA General Manager, Mr Babatunde Edu, explained that the gesture was part of the re-engineering processes in the agency, saying the management had developed several mechanisms to monitor the attitudes of the traffic officers towards motorists. He said: "The distribution of home appliances to the outstanding officers is one of the several new ways of motivating the workforce in LASTMA. We are working on ways of making officers who serve diligently see the gains of good conducts. "People are watching you, no matter what you are doing, just be of good conduct and serve with human face, you will be rewarded. LASTMA will continue to improve on its service in spite of the growing population.”

Ibadan elders hail Ajimobi’s urban renewal programme •Say governor’s performance outstanding

I

badan elders have praised Oyo State Governor Abiola Ajimobi for his administration’s urban renewal programme, saying that they were proud of him. The group, under the aegis of Ibadan Elders’ Forum, gave the commendation in a letter dated April30, 2013 and addressed the governor. In the letter signed by Ambassador Olusola Sanu and Chief Ona Ajibola, the Chairman and Secretary of the Forum, said the commendation was sequel to the decision taken at a meeting of the forum held in Ibadan on April 18, 2013. According to them, the commendation became necessary in view of the outstanding performance of the

governor and the achievements he had recorded since he assumed two years ago. They particularly praised the governor for restoring peace, which they said had served as the foundation of the economic development of the state. The elders said: “Before your assumption of office, Oyo State faced serious security problems unleashed by armed robbers, political thugs as well as members of the National Union of Road Transport Workers (NURTW) factions struggling for ascendancy. You have now changed the violent situation to a peaceful one. “You have restored peace and made good use of law

enforcement agencies to ensure same. The notoriety of the NURTW factions has been checked and by so doing, you have ensured that miscreants are not allowed in any guise to make Oyo State a haven for their nefarious activities.’’ The governor, they added, changed the face of the state through his restoration and transformation agenda. The elders said: “Apart from the construction of a flyover at Mokola, you have rehabilitated/constructed or are rehabilitating/constructing many roads and bridges across the nooks and crannies of Oyo State. Drains were cleared, rivers, canals and streams were dredged to prevent flood.

South West

9


10

South West

Monday, May 6, 2013

Osun guber: ACN, PDP trade accusations over rigging plans ADEOLU ADEYEMO OSOGBO

T

he Action Congress of Nigeria, ACN, and the Peoples Democratic Party, PDP, at the weekend accused each other of planning to rig the forth coming governorship election in Osun State. As the ACN said it had uncovered plans by the PDP to rig the election following the arrest of some members of the opposition party using the Subsidy Reinvestment

Programme, SURE-P, to induce people to trade their voter’s cards for cash and employment, the PDP described the claim as baseless and untrue. The PDP said it was rather the ACN which had mapped out strategy to rig the election. An ACN leader in Ifelodun Local Government Area, Alhaji Kehinde Olamolu, and the Executive Secretary of the council, Mr. Sanusi Lawal, who claimed to have apprehended one of the suspected agents purchasing the

voter’s cards in Ward 2, Oke Amala, said attempts were being made to arrest others at large. They said the plan by the PDP and its agents to rig the election might not be peculiar to Ifelodun council, vowed that the ACN would not allow electoral manipulation under any guise. Olamolu said that aside one Toyin Adesina already apprehended and handed over to the divisional police in Ikirun with voter’s cards, the party was on the trail of

others suspects. The PDP, however, said information at its disposal showed that the ACN had been holding a series of meetings on how rigging would be perfected in the election. The state PDP Chairman, Alhaji Ganiyu Olaoluwa, said the ACN claims were mere propaganda. Meanwhile, an ACN member representing Ifelodun state constituency in the state House of Assembly, Hon. Olalekan Afolabi, said his party would nip such electoral fraud in the bud “before members of the PDP use their stock in trade to throw the state into crisis”.

National Mirror www.nationalmirroronline.net

OPD receives 1,221 petitions this year –Lagos AG KENNY ODUNUKAN

T

he Lagos State Office of Public Defender, OPD, has received 1,221 petitions since January from different persons in respect of various matters. The state Attorney-General and Commissioner for Justice, Mr. Ade Ipaye, who disclosed this to journalists at the weekend, said the OPD had facilitated the recovery of over N11 million on behalf of the petitioners. He said: “Since January 2013, OPD has received and is processing a total of 1,221 petitions in respect of various matters. It has also facilitated the recovery of N11,075,746 on behalf of various petitioners. “This sum includes outstanding salary from employers, debts that have become bad, maintenance for children and many others. “OPD appears in court where necessary to represent indigent Lagosians free

of charge including accused persons brought to court on Saturdays. “In further demonstration of our commitment to the promotion of law and order, our Office of the Public Defender, OPD, and the Public Advice Centre have continued to offer free and qualitative legal service to Lagosians. “These have helped to avoid or resolve conflicts as well as strengthen the dynamic relationship between the public and the government.” Ipaye, who said government sought to decongest prisons through monitoring of its community service unit, said in April 202 community service cases were completed. This, he said, brought the number of completed community service cases from inception to 1,356. The AG disclosed that the office of the Director for Public Prosecutions, DPP, concluded and obtained judgements in 13 cases between January and March.

Peter Adebiyi, a man of integrity, hard work –Fayemi

G

overnor Kayode Fayemi of Ekiti State yesterday described the retired Anglican Bishop of Lagos West Diocese, Rt. Rev. Peter Adebiyi, as a man of distinction whose service L-R: Alhaja Muyibat Ibrahim; one of the graduating students, Mohammed Abdulsalam; Alhaji Tiamiyu Alapepesile; Sheikh Jamal Rashwan and Rector, Arabic and Islamic Training Centre, Sheikh Muhammed Habibullah El-llory (OON), during the graduation ceremony of to God and humanity was students at the centre in Lagos, at the weekend. PHOTO: OLUFEMI AJASA marked by integrity, hard work and genuine love for the people. Fayemi said this durBut the Fasere family munity to be part of the ing a thanksgiving service of the Fasere family of ABIODUN NEJO wondered marking Adebiyi’s retireIlupeju-Ekiti in Oye Local decried the unilateral ac- investigation, ADO EKITI Government Area of Ekiti tion of the police in the whether the police were ment and 70th birthday at he family of a State, told journalists in matter, alleging that no “saying that the boy should St Paul’s Anglican Church, 400-level student of Ado-Ekiti at the weekend member of the family had be buried in the current Osi-Ekiti,. Ekiti State Univer- that “a judicial panel of in- been given a copy of the state in which no one has The governor said those sity, EKSU, Mr. Seyi Fasere, quiry should have been put report of the investigation been able to ascertain the virtues exhibited by the who was shot dead by po- in place by the Ekiti State carried out by the police in status of the killed boy, retired bishop earned him licemen in Oye-Ekiti on Government”. the matter, adding that “we who the police labelled an the Ekiti State brand amFebruary 28 has rejected Ali said such judicial don’t believe that the police armed robber?” bassador. the police report on inves- panel was to “investigate have concluded work on The human rights acFayemi, who also pretigation into the killing. tivist requested that fam- sented a Sport Utility Vethe matter and recom- the investigation”. The family said its deci- mend appropriately to the Ali said: “We rejected ily members who were hicle, SUV, vehicle as resion was based on the re- relevant authorities. The the police position because arrested, detained and tirement gift to the Ekiti fusal of the police to allow name of the boy should be we do not have a copy of ei- dehumanised in the guise State-born bishop shortly the family to be represent- cleared because so far, we ther the ballistic or autop- that they were “relations after the service, said ed during the autopsy on cannot agree that he was sy report. We were not in- of an armed robber” Adebiyi deserved more Fasere’s body and as well an armed robber as the formed when the autopsy should be compensated than a mere gift because he allow the family access to police have been trying to was carried out so that we for the trauma that they had consistently exemplicopies of their investiga- make the whole world to could nominate our own have been through”. fied the values of integrity, tion’s report. He said: “The family honesty and courage for doctor to ascertain the rebelieve”. Consequently, the famFasere, who was return- port. So without the repre- is not ready to collect the which Ekiti indigenes were ily has turned down an ing to school from his Ilu- sentation of the family, we corpse from the police known. offer by the police at Oye peju-Ekiti hometown in a cannot accept the report.” until we are sure of what Adebiyi, according to Division to come and claim commercial bus, was killed The activist, who said it the report is all about him, always speaks truth to the body of the slain stu- by the police who said he would be assumed that the and what it contains bepower. dent for burial. was one of the armed rob- panel that investigated the cause we are not party to He added that the clerA human rights activ- bers that attacked their murder had not completed the report, nor are we sure ic’s contributions to the ist, Mr. Musibau Ayodeji station and a commercial its job because it did not in- yet what the report is all development of Ekiti State Ali, who spoke on behalf vite the human rights com- about.” bank that day.

Family rejects police report on slain EKSU student

T

and Nigeria could not be overemphasised. Fayemi, however, urged the coming generation to emulate the virtues that make the retired bishop to stand out as a true representative of the state. In his remarks, Adebiyi expressed surprise at the gift and thanked Fayemi for the gesture. According to him, when government recognises a citizen’s hard work, it encourages other citizens to put in their best. He said: “I am more than surprised at this demonstration of love. It is an honour indeed to be so recognised by one’s state government. I believe this will also encourage other citizens to put in their best.” Other dignitaries at the thanksgiving service included former Minister of National Planning, Chief Ayo Ogunlade; former Sports Minister, MajorGeneral O. Olutoye (rtd) and his wife, Prof. Olutoye; Ekiti State Commissioner for Education, Mr. Kehinde Ojo, Special Advisers to Ekiti State governor, Bashorun Ayo Odetola and Chief Abiodun Akin-Fasae and Chairman, Ekiti State Teaching Service Commission, Chief Bayo Adeniran.


National Mirror www.nationalmirroronline.net

South South

Monday, May 6, 2013

11

Niger Delta residents groan under high cost of fuel SAM OLUWALANA EMMA GBEMUDU

E

Edo State Governor, Adams Oshiomhole (left), presenting the first prize cheque of $25, 000 to the winner of the the Okpekpe International 10kms Road Race, Moses Massai from Kenya, in Auchi at the weekend. PHOTO: NAN

Gunmen kill five ex-militants, three others in Bayelsa EMMA GBEMUDU YENAGOA

S

uspected militants at the weekend killed five ex-militants and three others in Lobia community, Southern Ijaw Local Government Area of Bayelsa State. The incident occurred on Saturday night. Two of the corpses have been retrieved from the creek and buried immediately in the community, while others were still not recovered as at

press time. It was gathered that the victims were reportedly tricked to the water front by some hired gangs of the deadly militant group before they were killed there. Panic has gripped residents of the community over the rising insurgency of the militants' activities now at large. Among the ex-militants murdered was 37year-old Judah Wilson, a younger brother to a leading ex-militant leader in the state and Niger Delta, Pastor Reuben Wilson.

Eyewitness accounts in the community said the incident is generating tension in the area. It was learnt that the killers of the eight youths may be the same militants that ambushed and killed 12 policemen on April 5 along Azuzuama creek. National Mirror learnt that local fishermen in the area had alerted the community’s leadership of strange movements by some persons in its waterways. On investigation, it was

learnt that the eight victims had already been killed. When our correspondent visited the residence of Pastor Wilson in Yenagoa, sympathisers were seen wailing over the shocking death of his younger brother. Wilson confirmed the killing of his sibling and described it as sad and unfortunate. Contacted, spokesperson of Joint Military Task Force, JTF, Lt. Col. Onyema Nwachukwu said he had not received the details of the incident.

Fresh oil spill hits community EMMA GBEMUDU YENAGOA

A

fresh oil spill from facilities belonging to the Shell Petroleum Development Company, SPDC, has contaminated the creeks and farmlands in Ikarama community, Okordia clan, in Yenagoa Local Government, Bayelsa State. The extent of the damage on the community could not be ascertained as at the time of filing this report. It was learnt that the affected spill site has crude oil pipelines belonging to SPDC and the National Agip Oil Company, NAOC, traversing the community. The cause of the spill which erupted on April 28 was not ascertained as at press time. It will be recalled that Ikarama has one of the highest records of oil spill in the state owing to alleged

frequent pipeline vandalism by suspected oil thieves in the locality. In an interview with National Mirror, an indigene of the community, Moses Onyah, said the spill splashed into the air thereby attracting residents of the area. His words: “We heard of the spill on Sunday, April 28 2013. But the spill must have occurred in the night of April 27. If not for the spraying into the air that attracted passersby, we wouldn’t have known in time. “SPDC came to clamp the ruptured point on April 30, 2013. As for the cause of the spill, we are not sure; but SPDC claimed it was sabotage. “The crude oil flowed into the water channel and down it goes into the Taylor Creek. The Taylor Creek is not far from here; if people say they saw crude oil spreading to their community, it may be

from here.” In February this year, the management of NAOC was compelled to shut down its onshore crude production facilities in the state due to the high level of oil theft. The Italian oil major had on March 23, lamented that oil theft from its facilities in the state accounted for a daily loss of 7, 000 barrels out of its 40,000 barrels crude production and declared force majeure on its oil output. Speaking with our correspondent yesterday in Yenagoa, an environmentalist and state Project Officer, Environmental Rights Action, Alagoa Morris, observed that the source of the spill could either come from facilities belonging NAOC or SPDC as the two firms engage in exploration in the community. He said: “The information had it that the oil spill was sighted at Ikarama

community, in Okordia clan and that it was suspected to be coming from either JK4 in Ahoada West local Government Area of Rivers State owned by Shell or from Biseni; in Yenagoa Local Government Area of Bayelsa operated by Agip.” When contacted on the development, spokesman of the SPDC in Port Harcourt, Precious Okolobo, said the company would soon react on the fresh spill in Ikarama.

Gov. Seriake Dickson

ven as the Federal Government pegged the price of fuel at N97 per liter, residents of Niger Delta states that produce the bulk of the country’s oil wealth, buys the products at between N140 to N200, depending on the distance between the community and the state capitals, where the substance is loaded and distributed. The residents are appealing to the Federal Government to approve licences for communities in the Niger Delta to refine the product on a smaller scale to cushion the effect of the high price they pay for goods and services in the area even as some residents have lashed out at northern leaders for calling on government to deal with oil thieves. Residents of the region, especially those from Delta, Bayelsa, Rivers and Akwa Ibom States are groaning under the weight of rising costs of transportation which also put pressure on other goods and services in the region. In Rivers State, fuel costs about N190 to N200 in three local government areas of Akoko Toru, Bonny and Andoni/Nkoro, while residents of Opobo, Degema and Asari Toru, pays between N140 and N200 for the product that drives the economy of the communities. In all the other 17 local government areas, residents pay as much as N250

in some towns. Transport fares between communities that are as close as five kilometres are as high as N600, while those that as far as 50 to 100 kilometres could be as high as N3, 000. For example, a bus ride from the Polytechnic town of Oko, just about 13 kilometres from Port Harcourt, could cost between N700 and N1, 000, while a trip to Bonny Town, where about 30 per cent of Nigerian crude oil is produced, costs the residents between N2, 500 to N3, 500, depending on the season and type of transportation. The biting cost of the products, especially, fuel and kerosene, are also becoming unbearable for inhabitants of the oil bearing communities in Bayelsa State. They lamented that the lack of functional filling stations in the communities was attributed to the high cost of fuel which is sold at between N200 and N250 per litre. To worsen the matter, businessmen from the state are afraid of building filling stations in riverine communities owing to its expensive nature. But, there are an array of filling stations owned by lawmakers, technocrats, top politicians and civil servants in Yenagoa and other few upland communities in the state. Dealers of fuel and kerosene buy them in large plastic drums in Yenagoa, the state capital and resell in jerry cans and beer bottles in the coastal communities at cut-throat prices.

Soldiers rescue Jonathan’s aide from attack group as Board of Trustees EMMA GBEMUDU YENAGOA

T

here was tension at the weekend in Yenagoa, as armed soldiers fire shots in the air to stop Ijaw youths from attacking the Coordinator of the Amnesty Implementation Programme, Kingsley Kuku, over the proposed amendment of the Ijaw Youth Council constitution. Unconfirmed reports said an Ijaw youth sustained a bullet injury during the incident. Investigations revealed that Kuku, who is a Presidential Adviser on Niger Delta and former President of the IYC is plotting to make all the past presidents of the

in the amended constitution, but majority of the body are kicking against it. According to findings, the board of trustees would have dominance on the new executive that would emerge in a couple of weeks. The meeting by the expresidents of IYC and other stakeholders of the sociocultural group generated a heated debate that almost resulted to a free-for-all before the soldiers waded in. A source in the IYC confided in our correspondent that the disagreement has led to the suspension of the planned amendment of the constitution that would support President Goodluck Jonathan’s election in 2015.


12

South East

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Federal roads: Ebonyi asks FG for N9bn refund ALIUNA GODWIN EBONYI

G

overnor Martin Elechi of Ebonyi State at the weekend asked the Federal Government to refund the N9 billion his administration spent on the reconstruction of federal roads in the state. Elechi made the demand while addressing the

people of Ohaozara Local Government Area during a visit to the people of the area. The governor regretted that the delay by the Federal Government to refund the money had affected his administration’s plans to embark on other projects that would raise the people’s standard of living. He, however, called on President Goodluck

Jonathan to ask the Federal Ministry of Works and Transport to refund the money to enable the state government to accomplish the ongoing projects before leaving office in 2015. Meanwhile, about 150 members of the Action Congress of Nigeria, ACN, have defected to the Peoples Democratic Party, PDP, in Ebonyi State. Addressing journalists

at Ohaozara shortly after moving to PDP, the leader of the defectors, Hon. Darlington Okereke (former member of the House of Representatives, who represented Ohaozara/Ivo Federal Constituency) said he was returning to the party as a result of his contributions to the progress of PDP in the state. Okereke, who contested for Ebonyi South senato-

rial seat at the 2011 general elections on the platform of ACN and failed, said he was returning to PDP for peace to reign. But while addressing the people of Ohaozara, Elechi said: “I want to tell particularly those who are coming back, that we are open minded. We welcome them with open arms, with good minds. But we will rebaptise them so that they

will be fit for PDP. “Somebody said because of his prowess in opposition party that PDP is sleeping with one eye open. But I want to tell you that PDP in Ebonyi has never slept with one eye open. PDP has always been sleeping with two eyes closed. But now we are having returnees, this is the time PDP will sleep with one eye open.”

Cleric seeks support for Okorocha’s administration CHRIS NJOKU OWERRI

T

L-R: Chief of Naval Staff, Vice Admiral Dele Ezeoba; father of the bride and Delta State Deputy Governor, Prof. Amos Utuama; Delta State Chairman, Peoples Democratic Party, Chief Peter Nwaoboshi and mother of the bride, Dr. Nelly Utuama, during the wedding ceremony of Utuama’s daughter in Delta State, at the weekend.

Ngige declares interest in Anambra guber seat CHARLES OKEKE AWKA

S

enator Chris Nwabueze Ngige said at the weekend that he had consulted key stakeholders and other interest groups on his desire to contest the Anambra State governorship election holding later in the year. Ngige disclosed this while addressing members of “Critical Stakeholders in the Anambra Project,” drawn from members of state House of Assembly who served during his tenure and former political appointees who hosted him at the Mar-

ble Arch Hotel, Awka, The senator disclosed that he and his family did not think he should contest the election because of the stress and heavy financial involvement it required. Earlier at the event, members of the Critical Stakeholders, led by Chief Ben Oranusi, had appealed to Ngige to contest the governorship post again, while promising to support him. Responding, the senator promised to contest election provided they offered him unwavering support. He said: Two months ago, I was called by Chief Ben Oranusi that some people

were organising a meeting for my role for the governorship, I did some soul-searching on the benefits both to me and my family and to Anambra people. “For me, I did not see any benefit and for my family, they did not also see any benefit for my involvement in the governorship project again. My and family I did not think it is worth the journey because of the stress and heavy financial involvement that is required. “On my own part, I have made up my mind that I can carry the cross, but how about you? That is the major question. I hope you won’t

disappoint me.” Ngige, who represents Anambra Central in the Senate, used the opportunity to enumerate some key programmes he would execute if elected. He said: “If by 2014, if things work out fine and I become governor, my promise is that those who would come home for Christmas in 2014 will land in an airport sited in Anambra State. “I will conduct local government election when I come in. I assure Anambra people that local government election is my priority and would be conducted within the first year of my new administration.”

Natural Resource Fund: CNPP demands ex-president’s probe DENNIS AGBO ENUGU

T

he Conference of Nigerian Political Parties, CNPP, has called on anti-graft agencies to immediately investigate former President Olusegun Obasanjo over alleged monumental corruption in the Natural Resource Fund. CNPP’s call on the Economic and Financial Crimes Commission, EFCC, and Independent Corrupt Prac-

tices Commission, ICPC, followed revelation last week by the Senate Public Accounts Committee that the former President was culpable in the misuses of the fund created under his administration in 2002. The Senate Committee led by Senator Ahmed Lawan gave details of how N701.4 billion out of N1.5 trillion fund created by the then President, at variance with Sections 80(2) and 162 of the 1999 Constitution,

was squandered. The CNPP, therefore, said it was of the view that the Natural Resource Fund was the foundation of the unprecedented corruption which, it said, generated unintended fault lines of militants in the Niger Delta, Boko Haram insurgency and kidnapping across the country. In a statement issued yesterday by the CNPP Publicity Secretary, Osita Okechukwu, the coalition said

the fund was created with the predetermined objective to enrich Obasanjo and his followers. The CNPP, therefore, demanded to know how the N750 million Abuja Downtown Mall, N20.2 billion loan among other missing funds were spent. The group had earlier in 2007 petitioned the EFCC, questioning the alleged pervasive and monumental corruption that took place under Obasanjo’s watch.

he Archbishop of Owerri Archdiocese, Rt. Rev. Anthony Obinna, yesterday solicited support for the Governor Rochas Okorocha-led administration in Imo State. Obinna also called on Okorocha to put machinery in place to create jobs to check surge in crime in the state. The cleric, who spoke through the cathedral administrator of the Asumpta Catholic Church, Rev. Father Andrew Nkwocha, during the special thanksgiving to mark the Imo Freedom Day celebration, urged the church to pray for the administration to succeed, noting the state had reasons to celebrate after two years of impactful governance hinged on the fear of God. According to him, the state has witnessed tremendous infrastructural development in the last two years. Obinna urged the governor to continue with his good work. He said: “In the last two years, we have witnessed tremendous changes in the way the state is governed. Every Imo State indigene has cause to celebrate and thank God for this administration which is entirely the work of God.” The cleric warned against sabotaging the administration, while urging politicians to embrace and support the current effort to transform Imo State. The archbishop, however, pointed out that, “a lot still needs to be done to create job opportunities for the teeming unemployed youths in the state to curb crime and other social ills associated with unemploy-

ment”. He also charged Okorocha to sustain his administration’s anti-corruption crusade and to jettison actions and policies that may create suspicion between the government and the people. Responding Okorocha, who was at the event with his wife, Nneoma, the Deputy Governor, Eze Madumere, Secretary to the State Government, Prof. Anthony Anwuka, and other government officials, thanked the church and the people for their prayers and support for the administration. The governor observed that his journey to the Government House started from the church, which he said gave him support when political forces within and outside the state stood against his ambition. He said: “We are here today because of the support of the masses, the common people, artisans, the clergymen, the poor and the needy that fought for the change that gave birth to this administration. “I have come to remind you that the change you desired and stood for is working and to assure you that we will not let you down. “It was a struggle that many laid down their lives for, many were imprisoned and many others brutalised by the oppressive cabal that never wanted the state to be freed. “But today our people are happy and may I inform you that your sacrifices are not in vain. Today Imo State is free from the shackles of poverty, misrule and the wickedness of the evil men. We must all make the necessary sacrifice to make Imo State better and Imo must be better.”


Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

13

Politics

2015: Zoning ‘ll count in Akwa Ibom – Etteh

14

Amaechi: Jonathan turning to a despot, says ACN AYODELE OJO

T

he Action Congress of Nigeria (ACN) yesterday hit at the Goodluck Jonathan administration over what it described as “brazen assault on the freedom of expression and the press, the use of national institutions against perceived enemies and a growing inclination to denigrate opposition leaders.” Specifically, ACN said the way President Jonathan is handling his political disagreement with Governor Rotimi Amaechi has portrayed him as a leader who is willing to jettison democratic ideals and principles on the altar of personal ambition. The party, in a statement by its National Publicity Secretary, Alhaji Lai Mohammed, said by its action, the government is steadily descending into despotism. “The Jonathan administration is anchored on a Transformation Agenda.

But the only transformation that we can see is the one from a democraticallyelected President to an emperor, a despot,’’ Mohammed said. The party added that “If the President is not prevailed upon to change course, Nigeria may be in for another season of anomie, reminiscent of the days of the maximum ruler who took the country to the brink before his sudden demise.” The party also decried the role of the Ministry of Aviation, its parastatals like the NCAA, NAMA and FAAN, as well as the Economic and Financial Crimes Commission (EFCC) and the police, among others, in the Presidency’s face-off with Amaechi. ACN said: After the theatrics of the aviation agencies and their parent ministry, the EFCC has suddenly realised that the cost of the Rivers State’s plane was inflated by US$10 million while the police have sacked the Secretariat of Obio-

Probe Fashola’s administration, PDP tells EFCC OLAJIDE OMOJOLOMOJU

T

he Lagos State chapter of the Peoples Democratic Party (PDP) yesterday called on the Economic and Financial Crimes Commission (EFCC) to probe the activities of the Babatunde Fashola administration in Lagos State, alleging massive corruption. The state chairman, Olatunji Shele, alleged that the Fashola administration was trying to hide the massive misappropriation of public funds by gagging its officials and preventing them from speaking to the media. Shelle said: “Recently, the Speaker of the state House of Assembly, Adeyemi Ikuforiji, had disclosed plans by House Committees to begin the probe of ministries

in the state. This move, we learnt, has been vehemently opposed by Fashola and the leadership of the ACN.” He added that Fashola needs to explain how the over N23 billion that accrued to the Lagos State Security Trust Fund (LSSTF) was spent. Shelle also expressed uncertainty in completion of the light rail project of the Fashola administration by June as promised despite the over N1 trillion claimed to have been spent on the project. He advised Fashola to give a human face to the purported housing estates in the state which, he said, was out of the reach of middle and low income earners, while also challenging the governor to explain his silence over the acquisition of state properties by his predecessor, Bola Tinubu.

Akpro local government in Rivers. The question is: Who gave the orders for the police to sack the secretariat, and in the process take sides with the President in the political disagreement with the governor? “Which are the other national institutions that will be drafted into this scorched-earth campaign against a perceived nonconformist party member? If the President can go to this length against his own

party man, what will he do against the opposition? Why is it that a democratically-elected President cannot be challenged by anyone, whether or not he is a member of his party?” The party also accused the Jonathan administration of stifling freedom of expression. It stated: “Also, the ferocity with which the Jonathan administration went after a former Minister of Education, Mrs Oby Ezekwesili, for claiming

that President Jonathan frittered away the $67 billion in foreign reserves which she said President Olusegun Obasanjo left behind in 2007... “These anti-democratic measures will worsen as the 2015 elections approach. Therefore, all lovers of democracy must join us in speaking out against the Jonathan administration’s descent into despotism. This is the only way to prevent a President’s

desperation for power from torpedoing our country’s democracy. After all, a critical benchmark of a democratic society is the existence of a vibrant, free and independent media that will give the citizenry a platform to freely and vigorously debate current issues.” The ACN also expressed concerns at the growing propensity of the administration to stifle the freedom of the press.

L-R: Vice-President Namadi Sambo; Akwa Ibom State Governor Godswill Akpabio and National Chairman, Peoples Democratic Party (PDP), Dr. Bamanga Tukur, during a town hall meeting of the Nigerian/Canadian Community in Canada on Saturday.

Presidency not behind Amaechi’s travails –Abati

T

he Presidency yesterday denied having a hand in the travails of Governor Rotimi Amaechi over the controversy that has trailed the grounding of the state aircraft. Presidential spokesman, Reuben Abati, in a statement issued last night insisted that the President had no quarrel with the Rivers State governor Abati also described as a tissue of lie the labelling of President Jonathan as a despot by the Action Congress of Nigeria (ACN). He said: “The ACN’s allegation that there is a disagreement between the Rivers State Governor, Rotimi Amaechi is also wrong-headed and mischievous. Governor Amaechi

•Says ‘Jonathan not a despot’

has publicly stated that this particular allegation is a piece of fiction created by certain persons and the media. We insist that President Jonathan is not engaged in any quarrel or dispute with Governor Amaechi. And it is wrong to use the matter of the aircraft that was grounded by the aviation authorities to concoct stories of persecution. “The institutions involved have offered reasons publicly why they took their decision with regard to the unlicensed aircraft, which, in any case, is an asset of the state, not the governor’s personal property. The President has nothing to do with that incident.” The Presidency said that

the accusation of the ACN represents yet another attempt by the party to stand the truth on its head and indulge in the politics of abuse. “They should not be allowed to get away with their perfidy,” he said. “President Jonathan is a democratically elected leader who is running a people-oriented, inclusive and progressive government. Under his watch, Nigeria’s democracy has been consolidated; the scope for human freedoms has been further expanded and there is respect for due process and the rule of law. Ordinary Nigerians appreciate the fact that they have a President who is humane,

disciplined and focused. “Does Lai Mohammed know the meaning of the word, despotism, or is he just throwing the word around for onomatopoetic effect? He and his sponsors are in fact beneficiaries of the openness and freedom that this administration promotes. The paradox is that those who do not allow freedom and equality in their own party or backyard, those who are well known as self-proclaimed godfathers and closet despots, are the same ones who are now quick to accuse others of despotism. The ACN should start by removing the log in its eyes. President Jonathan is not a despot. ACN is the real abode of budding despots in Nigeria,” he added.


14

Politics

Hon. Okpolupm Ikpong Etteh is the leader of the Akwa Ibom State House of Assembly. He speaks on zoning of governorship in the state ahead of 2015, Governor Godswill Akpabio’s donations, among other issues in this interview with TONY ANICHEBE in Uyo. Excerpts: What is your position on zoning which has dominated 2015 governorship election in Akwa Ibom? Since the creation of Akwa Ibom, there has always been zoning. With the emergence of Peoples Democratic Party (PDP) in 1999, Victor Attah from Uyo Senatorial District became the governor, and from 2007 till date, Godswill Akpabio from Ikot Ekpene Senatorial District has been the governor. That is to show you that there is zoning, whether written or unwritten; Akpabio is not from the same senatorial district with Attah. Akpabio came from Ikot Ekpene while Attah came from Uyo, meaning that two senatorial districts have occupied that office. Whether there is zoning or not, it is one senatorial district that is left to occupy the governorship seat. The zoning of political offices is the strength of PDP as a party. Zoning or rotation is enshrined in PDP constitution whether it is written or not. Take for instance, when Attah was governor for eight years, the deputy governor came from Ikot Ekpene Senatorial District, the Speaker emerged from Eket Senatorial District. The party chairman came from Eket Senatorial District, the secretary of the party came from Uyo Senatorial District while the deputy chairman came from Ikot Ekpene Senatorial District. Is that not zoning? There is no written document that says it will go that way; it is a convention by ratification. Today the governor is from Uyo Senatorial District, the deputy governor from Eket Senatorial District and the Speaker of the House of Assembly and chairman of the party is from Uyo Senatorial District. Do we have any written document that says those offices should rotate that way? No, it is because we are PDP and PDP believes in zoning as enshrined in the party. In as much as you are a member of PDP, there is zoning. Every true PDP member believes there is zoning in PDP. Okay let us leave the word zoning and call it rotation. Some people don’t like the word zoning. For instance, the first person who represented my constituency in 1999 was Bassey Essien from Esit Eket and today I am the Assembly member from Ibeno. After my tenure, it reverts to Esit Eket and that is the rotation, there is no written agreement on the movement of the seat, everybody knows it’s going there because I will no longer contest for that office. The word zoning is embedded in PDP, there is no argument about that, the moment President Goodluck Jonathan says he is no more interested in the presidency, automatically the seat moves, but he has a right to contest again because he is in his first term. As a card-carrying and founding member of the PDP in my ward since 1998, I will tell you that there is zoning in PDP. We don’t need any document to prove there is zoning. If any member of the PDP says there is no zoning from one ward to anoth-

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

2015: Zoning ‘ll count in Akwa Ibom – Etteh

did not spend the money well if the report from the House Committee on Public Accounts indicts the governor or if the Auditor General sends in its annual report that the governor has misappropriated funds, that is when the public account will invite the governor to come and explain. But if you have looked at all the budgets passed and reports on implementation from the office of the Auditor General, there is no indictment of the office of the governor that he has misappropriated funds. So, what people are saying is not correct, the governor has salary and many other subheads to spend money. To me there is nothing wrong with what the governor has done so far.

How do you see the emergence of Governor Akpabio as chairman, PDP Governors’ Forum? For me as the leader of the House of Assembly and member representing Esit Eket /Ibeno state constituency in the state Assembly, Akpabio’s emergence as chairman PDP Governor’s forum is a big-plus for Akwa Ibom State. This means that Akwa Ibom is working. PDP and its governors’ forum cannot appoint someone without a track record to lead them. The party’s leaders, stakeholders and Board of Trustees (BoT) must have sat down, look at his track record of performance before settling for him. They also know that he has the capacity to lead; he has the energy to work tirelessly to ensure there is peace and cohesion in the party. This is one appointment done on merit. The position again is a recognition of what Akwa Ibom State has offered PDP, because this is one state that is committed to the party. If you want to look at the performance of PDP in Nigeria, Akwa Ibom is a case study.

The state Assembly has just approved a $500 million (N80 billion) loan for the governor. It was said that the Houes was divided before it was passed. What really happened? When the proposal came from the executive to the legislature, it was our duty to find out why he needs the money; it is not enough to read the governor’s letter and approve. That was why the House decided to summon the Commissioner for Finance, Commissioner for Economic Development and the Permanent Secretary, Budget Office to come and explain the merits and demerits of taking this loan, because we have earlier ratified the governor’s request for N50 billion. since his inauguration as governor in 2007 he has never gone to any bank for loan and from that year we have been having provision for N50 billion loan in the state budget. So, with the magnitude of ongoing jobs, we granted the governor the approval to get the first loan of N50 billion from a local bank with 18 per cent interest and the government came back and said that the interest on the loan is so much and that the state may not be able to pay before May 2015 and that we have a better offer from an international bank with single digit interest rate of less than nine per cent. What they wanted to do was to use the already approved funds provided in two initials budgets of 2012 and 2013 in which provisions were made for N40 billion loan each totalling N80 billion. So, for us at the Assembly we saw that as the best for the state. It is a good deal for Akwa Ibom State and there is no division among the lawmakers on this.

Criticisms have trailed Governor Akpabio recently over his donations to individuals and groups. Were these donations captured in the state budget? As far as I am concerned, monies are budgeted to office of the governor; the governor has security vote and administrative money. Has anybody in this country asked the President how he spends his security vote? This is because security matter is one that is not discussed openly. The governor has salary and hospitality votes to run his office; there is room for miscellaneous expenses and Governor’s Office administration. There is provision in the state budget, allocating money to the office of the governor. So, whatever money the governor spends is allocated to the office of the governor. We can only say the governor

There appears to be peace in the state Assembly after a recent crisis that threatens to sack the Speaker. How do you achieve this stability? As far as I am concerned, there is no crisis in the House ever since we came on board. From June 2011 till date, we have been in peace and the Assembly has been peaceful. If there is crisis, I will tell you as the Leader of the House. What you hear are rumours and speculations, people don’t believe we can stay together for two years without crisis. They call us rubber stamp because we work harmoniously with the executive. The government seeks and obtains the House approval before undertaking any major projects and these accounts for the harmony and peace between both arms of government.

Etteh

er and one constituency or district to another, that person is not a member of PDP because if the person was a member of the party from 1998 and followed the records and proceedings of the party, he or she will know there is rotation or zoning and will not argue about it. It is incumbent on PDP to know that two out of three have taken their slots for governorship remaining one, so it is not issue for debate for justice and equity sake. There is also an argument that the rotation of the governorship should be based on ethnicity in that the state is sitting on a tripod of Ibibio, Annang and Oron ethnic groups. Do you share this view? I am the leader of the Akwa Ibom State House of Assembly and I represent the PDP in the Assembly. The PDP of which I am a card-carrying member does not recognise ethnic groups. So, in the context of zoning or rotation, the PDP constitution recognises the senatorial district. So the issue of Annang, Ibibio, Oron, Obolo is no issue when it comes to the norms in PDP as a party. The party cannot include the over 300 tribes in the country into its constitution. President Jonathan is not Nigerian president because he’s an Ijaw man but because he is from South-South. So, what am saying is that zoning of governorship does not follow ethnic nationalities but the

THE ZONING OF POLITICAL OFFICES IS

THE STRENGTH OF PDP

AS A PARTY.

ZONING OR

ROTATION IS ENSHRINED IN PDP CONSTITUTION

WHETHER IT IS WRITTEN OR NOT

senatorial districts.


National Mirror www.nationalmirroronline.net

Views

Monday, May 6, 2013

15

Adieu, Ebenezer Adeolu Adenekan OFFICIALDOM AT THE CORPORATE AFFAIRS COMMISSION, ABUJA HAS STALLED

HeartBeat

CALLISTUS

OKE

Callistusoke@nationalmirroronline.net 08054103275 (SMS ONLY)

The fear of death follows from the fear of life. A man who lives fully is prepared to die at any time -Mark Twain

T

he American author and humourist, Samuel Langhorne Clemens (pen name Mark Twain), wants us to believe that one who lives a worthy life needs not fear death. Why then are good Christians who should long for heaven afraid to die? This is the context I situate my being on Monday April 15, 2013 when I received the news of the death of Dr. Ebenezer Adeolu Adenekan. On the night of the previous day my nephew, Barrister Steve Oke, had called me from General Hospital, Gbagada, Lagos intimating me with his health challenge. “There is no cause for alarm. He personally walked into the hospital and would soon see the doctors. He is presenting making some calls”, he assured me. However, at about 1 pm the following day when I got another call from him, it was to tell me Doctor was dead! “How did it happen?” I asked. Of what use is the detail of that untoward exchange? Death had come when it chose. Two weeks earlier, Doctor had chaired a meeting in which I was in attendance.

T

PROGRESS IN THIS DIRECTION BECAUSE THE NAME

NIGERIA KINDNESS MOVEMENT HAS BEEN REJECTED BY CAC Dr. Adenekan might not have been a household name in Nigeria. I never heard about him till last January when I was literarily taken to his Ketu abode by Barrister Oke on an issue he had been working to elicit my interest: membership of World Kindness Movement (WKM). Since my relationship with the deceased was on the basis of our shared interest in World Kindness Movement, a global coalition of various kindness movements, it is not out of place to talk about the Movement as he related it to me. But first let me connect my nephew with WKM; he is the interim Administrative Secretary of the yet to be registered Nigerian chapter. The seed WKM was planted in Tokyo in 1996 from the fertile imagination of a Japanese medical doctor, Wataru Mori. A man of profound insight, Dr. Mori had envisioned that “a more compassionate and peaceful world could be achieved if

a critical mass of acts of kindness was ignited” by people. The Movement currently has presence in Australia, Brazil, Canada, China, France, India, Italy, Japan, Nepal, Netherlands, New Zealand, Nigeria, Oman, Romania, Scotland, South Korea, South Africa, United Arab Emirates, United Kingdom and the USA. Switzerland, Uganda, Liberia and Seychelles are under consideration for membership. Curiously, Nigeria’s WKM is subsumed under the Pan-African Reconciliation Centre (PARC), a grassroots community of people working for socio-political as well as moral emancipation of Africa on the basis of nonviolence and ‘self-giving love’. It is the brain child of Dr. Adenekan. He also had the African Centre for Peace Education and Training as part of the process for enduring peace in Africa. His last unfulfilled project is the registration of Nigeria Kindness Movement. The global body, WKM, had ordered the globalization of the WKM brand. However, officialdom at the Corporate Affairs Commission, Abuja has stalled progress in this direction because the name Nigeria Kindness Movement has been rejected by CAC. The only excuse is that ‘Movement’ connotes anti-establishment! We are at our wit ends on how to make CAC see reason. It is for this reason that South Africa Kindness Movement has emerged as Africa’s only official affiliate of WKM till date. Instructively, Dr. Adenekan, as the Vice President of WKM for Africa, had responsibility to nurture the organization in the continent, yet he was unable to convince Abuja to accept the name,

Nigerian Kindness Movement. At our meeting penultimate Saturday to deliberate on Dr. Adenekan’s burial arrangement, we resolved to do everything to get the Nigerian chapter of WKM registered. But how to surmount CAC’s movementphobia to register Nigeria Kindness Movement is still problematic. Ade was born at Coker Market, Ifo, Abeokuta, Ogun State, Nigeria 68 years ago. He attended various educational institutions both in Nigeria and abroad and had a PhD in political science to the bargain. His working trajectory took him to all the corners of the earth using global institutions and non-governmental organizations like the Economic Community of West African States (ECOWAS), African Development Bank (ADB), African Union, the Prague-based Christian Peace Conference, The Netherlands-based International Fellowship of Reconciliation, Geneva-based International Peace Bureau, the world’s oldest peace federation and Dialog International, a Dusseldorf-based Germano-African law, democracy, peace and development organization. Perhaps a befitting epitaph for Doctor is this tribute by Michelle Tay, Associate General Secretary (Partnerships) Singapore Kindness Movement: “Indeed he’s been a kindness advocate in Nigeria and his vision is that kindness will continue to spread not only in Nigeria but also to the southern African countries.” He is survived by, Mrs. Titilayo Adenekan (wife),Ms Temitayo Olaseinde (daughter), Taiye Olowokere ( daughter), Kehinde Adenekan (son) and Juwon Adenekan (daughter).

Missing links in Third World reform initiatives

he entire Third World agonises on the pervasive crisis of development. How can we in the 21st century still be talking of the evils of colonialism and neo-colonial agenda when we ourselves are guilty of internal despoliation? Is it the colonialists that are still responsible for the deliberate rape of state resources or the neglect of harnessing them? Walter Rodney’s How Europe Undeveloped Africa, Frantz Fanon’s Wretched of the Earth and Ayi Kweh Amah’s The Beautiful Ones Are Not Yet Born are books that have helped shape my consciousness of the African tragedy. Today, I no longer blame our woes on former colonialists. It is our fault if we still depend on colonialists’ expertise to address our development challenges. It is our folly that we value the advice of foreign consultants. We have made so much fuss about reforms in the Third World, launched so many development programmes and projects which outcomes and impacts are only in the bulging bellies of certain members of the political elites and their surrogates, who constitute the implementing teams. We can only see the change they inspire in the number and opulence of their mansions, fleet and exoticness of their cars and prestige of the foreign universities their children attend or of the foreign hospitals they seek medical attention. In all these, we see the waste of national wealth; we see corruption. So, our reform projects suffer some

fundamental crises and contradictions in their implementation process, public acceptance and support because the drivers and facilitators compromises the process. That it is why we are always returning to the drawing boards. Therefore, policy reforms are victims of public mistrust because the average citizen doubts the genuineness of intention and the sincerity of purpose of the policy elites in and outside the governments. Even where the promoters are sincere, reform projects and programmes are often open to abuse and exploitation by the underpaid street level bureaucrats who implement them as their own pot of honey. These civil servants take joy in the extortion of beneficiaries and offenders, confiscation of their properties, delay and bottlenecks in service delivery and refusal to ensure distributive justice in the services they provide. Such officers become law unto themselves, defeating the purpose of the law they are to enforce, the service they are to provide or the policy they are to implement. Simply therefore, the implementation and success of any reform agenda whether social, economic or political, whether in the introduction of some changes, or modification of public values and behaviors, are contained within a continuum of factors, which exclusion or weakness at any point will result in a dislocation. At one end is the genuineness and sincerity of intention of the promoters and at the

THE BUREAUCRACIES OF MANY COUNTRIES OF THE

THIRD WORLD

ARE PEOPLED BY

UNDER-REMUNERATED AND UNMOTIVATED WORKFORCE end point is the leadership’s will in pushing through the reform agenda. There are three major anchors within this implementation continuum. First, the process of implementation is smoothened by the depth and quality of research that go into identifying the issues and problems of public concern needing intervention. The second is the efficiency and integrity quotient of the bureaucracy that is the engine-room of policy implementation. The bureaucracies of many countries of the Third are peopled by underremunerated and unmotivated workforce even if they are well-trained. And, if we add the lack of sincerity and trust in pubic engagement and communication we see why most of our reform initiatives fail in the Third World. How can the government be trusted when it does not explain to all that matter before it acts and prepare those to be affected by the policy for adjustment? The

Mirror of the moment ABDUL-WAREES A SOLANKE korewarith@yahoo.com, 08090585723 (SMS only)

beneficiaries and other stakeholders lack information to guide their response to policy change. How can the people see the long term benefits of a policy in sight and so endure the pains of reform and change when they are not given hope or some little incentives? Nigeria is a classical case study of policy glut and multiplicity of reform initiatives. We have come to accept that we do not lack the people or the ideas to reform the country. We have reached the level of advocating for a return to the previous constitutions or structure of government while many are now questioning the viability and legitimacy of our nationhood just because we have not focused on building the nation, but interested in milking it. This is the tragedy of most Third World countries. Solanke, korewarith@yahoo.com, is Head, Voice of Nigeria Training Centre, Ikorodu, Lagos


16

Editorial

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

All the Facts, All the Sides All the Facts, All the Sides

A PUBLICATION OF GLOBAL MEDIA MIRROR LTD A PUBLICATION OF GLOBAL MEDIA MIRROR LTD BARRISTER JIMOH IBRAHIM, OFR „ PUBLISHER BARRISTER JIMOH IBRAHIM, OFR „ PUBLISHER

STEVE AYORINDE STEVE AYORINDE YELE AKINROLABU YELE AKINROLABU SEYI FASUGBA SEYI FASUGBA BOLAJI TUNJI BOLAJI TUNJI GBEMI OLUJOBI GBEMI OLUJOBI LANRE OYETADE DOZIE OKEBALAMA DOZIE OKEBALAMA ADESOYE ADEKOYA ADESOYE ADEKOYA CALLISTUS OKE CALLISTUS OKE ISE-OLUWA IGE ISE-OLUWA IGE KAYODE BALOGUN JNR KAYODE BALOGUN JNR FRANK OBOH FRANK OBOH

„ „ „ „ „ „ „ „ „ „ „ „ „ „ „ „ „ „ „ „ „ „ „

MD/EDITOR-IN-CHIEF MD/EDITOR-IN-CHIEF ED OPERATIONS ED OPERATIONS DAILY EDITOR DAILY EDITOR SUNDAY EDITOR SUNDAY EDITOR SATURDAY EDITOR SATURDAY EDITOR GENERAL EDITOR COORDINATOR, EDITORIAL BOARD COORDINATOR, EDITORIAL BOARD CONTROLLER, PRODUCTION CONTROLLER, PRODUCTION EDITORIAL PAGE EDITOR EDITORIAL PAGE EDITOR ABUJA BUREAU CHIEF ABUJA BUREAU CHIEF SM, STRATEGIC DEVELOPMENT SM, STRATEGIC DEVELOPMENT HEAD, GRAPHICS HEAD, GRAPHICS

Darfur region and killing of peace-keepers T

he Joint African Union–United Nations Peacekeeping Mission (JAU-UNAMID), about a fortnight ago, reported the killing of an international peacekeeper by unknown gunmen in the eastern part of Sudan’s Darfur region. The victim was shot dead near Muhajeria in East Darfur. Two other peace keepers were also wounded in the process. The Mission did not provide the identity of the victims, but said it had commenced investigations into the incident. The killing, according to the report, brought the total number of peacekeepers killed in Darfur since 2007, when the internal crisis in the country got out of hand, to 44. We may recall that war began in Darfur in 2003 when rebels took up arms against the government in Khartoum for allegedly neglecting the remote region and marginalizing its ethnic minorities. Sudan is one of the largest countries in Africa, populated mainly by Arabs and Blacks. The Arab region has witnessed more development when compared to the southern parts of the country, including Darfur. The differences in religion and race among the North, South and Darfur had largely fuelled the war in Sudan. The state had been characterized by power struggles on racial

PEACE KEEPERS ARE

NOT PARTIES TO WARS.

IT IS INHUMAN TO

MAKE THEM BEAR THE BRUNT OF LEADERSHIP INCOMPETENCE AND FAILURES and religious grounds. Eventually, rebel groups emerged in the South and Darfur in pursuit of independence. The war between the Sudanese government and the Sudanese Peoples Liberation Army (SPLA), led by the late John Garang, remains one of the most perplexing and long drawn wars in Africa’s history. It is on record that after about 20 years of ceaseless hostilities, Khartoum and the SPLA negotiated a political settlement that resulted in Garang emerging as the Vice President of Sudan, before he later died in a plane crash. Southern Sudan has since gained independence; and has been admitted into the African Union (AU) and the United Nations. Meanwhile, Khartoum has continued to resist the independence struggles of the Darfur region. Worrisome, however, have been persistent reports of mass killings and torture of blacks in Darfur by the Sudanese armed

forces. The hostilities had led to the intervention of the UN peace-keeping mission to prevent further escalation of the crisis. International peace keeping, as a diplomatic initiative, is meant to intervene in such conflicts as the one raging between Khartoum and Darfur. The peace keepers, in the eyes of international law and the relevant protocols, are unbiased interventionists, drawn from different countries not linked in any way with the conflict. Indeed, their assignments are mainly humanitarian. The peace keeper, in civilized climes, is supposed to be protected against killing, torture and rape or any manner of violence. Insurgents or belligerents are expected to respect these rules, more so, when the warring parties in Sudan willingly accepted the entry of international peace keepers. It is condemnable, therefore, that despite the presence of what is, perhaps, the world’s largest peace keeping mission, presently, in Dafur, fighting has continued unabated between the Sudanese army and the rebels, with rising banditry and ethnic clashes as the side effects. The investigation initiated by UNAMID on the cruel killing and wounding of peace-keepers in Darfur is commendable; and ought to be handled with dispatch. Care should, however, be taken to ensure that the Sudanese

government is not directly or indirectly involved in the investigation. The leadership in Khartoum has been accused of genocide and war crimes by the International Criminal Court, (ICC). Therefore, Khartoum seems the least qualified to be part of the investigation. In addition, we strongly suggest a review of the mandate of the UN mission in Darfur in the light of the high insecurity and recurrent killings international peace keepers are experiencing in the troubled region. The UN may need to upgrade its mandate in Darfur from mere ‘peace keeping’ to ‘peace enforcement’ status, for example, with a view to disarming the belligerents, stemming further killings of peace keepers, banditry and ethnic clashes, as well as protecting critical social facilities and infrastructure. Without a concrete response like peace enforcement, it may be extremely difficult to contain the long-drawn war that has resulted in huge losses in human and material resources. Again, the rebels, if found to be responsible for the reckless assaults on peace keepers, should be compelled to observe the Geneva Convention on war, which is equally applicable to peace keepers. Peace keepers are not parties to wars. It is inhuman to make them bear the brunt of leadership incompetence and failures.

ON THIS DAY May 6, 2002 Dutch politician, Pim Fortuyn, was assassinated by an animal rights activist. Wilhelmus Simon Petrus Fortuijn, known as Pim Fortuyn (February 19, 1948 – May 6, 2002), was a Dutch politician, civil servant, sociologist, author and professor who formed his own party, Pim Fortuyn List (Lijst Pim Fortuyn or LPF) in 2002. Fortuyn provoked controversy with his stated views about multiculturalism, immigration and Islam in the Netherlands.

May 6, 2001 During a trip to Syria, Pope John Paul II became the first pope to enter a mosque. John Paul II, sometimes called Blessed John Paul or John Paul the Great, born Karol Józef Wojtyła (May 18, 1920 – April 2, 2005) reigned as Pope of the Catholic Church from 1978 until his death in 2005. He was the second-longest serving Pope in history and the first non-Italian since 1523. John Paul II was acclaimedasoneof themostinfluentialleadersof the20thcentury.

May 6, 1997 The Bank of England was given independence from political control, the most significant change in the bank’s 300-year history. The Bank of England, formally the Governor and Company of the Bank of England, is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world, after the Sveriges Riksbank, and the world’s 8th oldest bank.


A2 18

Business Courage

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Cover

A minister in the

dock Diezani Alison Madueke, Minister of Petroleum Resources once again, comes under scrutiny over her alleged involvement in the illegal transfer of four oil blocks with a combined value of N58.9 trn to Atlantic Energy Drilling Concept Limited, owned by Jide Omokore and Septa Energy Limited By Semiu Salami

T

his may not be the best of times for Diezani Allison Madueke, Minister of Petroleum Resources and one of the powerful cabinet member in the President Goodluck Jonathan administration. Last week, the bubble finally burst when the National Assembly decided to beam its searchlight into the allegations of illegal transfer of four prime oil blocks to Atlantic Energy and Drilling Concept, owned by Jide Omokore and Septa Energy Limited, allegedly without due process. The revelation, which was the fallout of a protest staged at the National Assembly two weeks ago by members of the Delta State Oil-Producing Communities, who had petitioned the Committee of both the Senate and the House of Representatives over what they called a secret transfer of oil blocks OMLs 26, 30, 34 and 42 to Atlantic Energy and Drilling Concept. The community alleged that the proven reserves in the blocks are five billion barrels valued at $380 billion, about N58.9 trillion. The community alleged that the true value of OML 30 would have

been $800 million, rather than the $50 million paid as initial entrance fee, if the Nigerian Petroleum Development Company (NPDC), had carried out competitive bidding. They claimed that Shell received $1.3 billion for its 49 per cent for its equity interest in the same block, which they claim as a violation of the Public Procurement Act. The community comprising of Itsekiri, Ijaw, Urhobo, Isoko and Ndokwa oil-producing communities of Delta State had stormed the National Assembly on April 25, and handed the Assembly a 30-day ultimatum to redress what they alleged was fraudulent allocation of OMLs, or risk the oil fields being shut down. The community members claimed that the deal was perfected “two days before President Goodluck Jonathan dissolved the Federal Executive Council (FEC) in 2011…” In the petition presented to Senate President David Mark and Speaker Aminu Tambuwal, the communities alleged that there was “deliberate exclusion of indigenous rights to pre-emption and/ or first refusal and breach of open and competitive bidding on the four oil blocks.” They demanded an outright

cancellation of “the on-going hand-over of OML 4, 26, 30, 34, 38, 41 and 42 to Atlantic Energy and Septa Energy” while the deal “be put on hold pending the determination of the issues raised in the petition.” The communities demanded an investigation of the abuse of due process by the National Assembly. A part of the petition reads: “We, members of the oil-producing communities, are compelled to bring to the notice of the National Assembly the manner and /or mode upon which the allocation of the oil mining leases were fraudulently allocated by the Minister of Petroleum Resources, the officials of the ministry and the SPDC. Jide Omokore’s Atlantic Energy Drilling Concept Limited neither tendered for, nor bided for the blocks. By this deal, 60 per cent of NNDC’s 55 per cent stake of these assets is about five billion barrels, which when calculated with the 2013 crude oil benchmark comes to $380 billion or N58.9trillion. This figure is exclusive of the four trillion cubic feet (4TCF) of gas asset in the blocks valued at $15.72 trillion.” According to the petition, the game behind this deal is brought sharply into focus by noting the fact that, on OML 26, 30, 34 and

Alison-Madueke

42, Deiziani Alison-Madueke’s alleged no–bid approach via the so called “Strategic Alliance Agreement” fetched the Federation Account an upfront cash payment of little more than $50 million as initial entrance fee from Atlantic Energy, while SPDC’s open and competitive bidding process, though excluding indigenes of the area on the other hand, got $1.3 billion from Heritage Oil Plc, for its 45 per cent joint venture beneficial stake of the same block. “Clearly, the true market value of the OML 30 assets divested to

Atlantic Energy by NPDC, if the open and competitive bidding process mandated by Public Procurement Act had been followed, should not be any less than $800 million,” the communities alleged. Already, both chambers of the national assembly have stepped into the allegation with a view to unravelling the veracity or otherwise of the allegations. In a resolution unanimously adopted by the House on a motion sponsored by the Deputy Chairman of its Committee on Media and Public Affairs, Victor

Business Courage A Publication of GLOBAL MEDIA MIRROR LTD BARRISTER JIMOH IBRAHIM, OFR  PUBLISHER SEMIU SALAMI ADEJUWON OSUNNUYI TAYO ADELEKE

EDITOR STAFF WRITER SENIOR REPORTER

OLATOYE RAPHAEL SEYI OKUMODI

HEAD, PRODUCTION SENIOR GRAPHIC ARTIST


National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 6, 2013

A3 19

Cover

Mark

Ogene, the House of Representatives has urged every stakeholder, authorities or bodies with the requisite information to co-operate and assist the committee in its investigations. Ogene, while raising the issue under matters of urgent public importance, alleged that AlisonMadueke, Shell Petroleum Development Company (SDPC) and NPDC officials worked in collaboration with the firms to farm out the marginal oil fields. “A colossal sum of $380 billion or N59 trillion, and $15.72 trillion worth of gas assets were alleged to be at stake in the shady deal,” Ogene said. Ogene informed the House that the deal breached Sections 3(1), (2) and 5 of the Nigerian Oil and Gas Industry Content Act (No. 2), by denying indigenous operators the right of first refusal to bid for the leases. Part of the motion read, “It was disclosed that $800 million would have been earned by the Nigerian government in place of the N50 million received had there been

an open and competitive bidding required by Section 16 of the Public Procurement Act, 2007. The alleged resultant part-sum of $750 million in the entire racket or fraud scheme became possible through a mischievous process of hinging the transaction on the ‘Strategic Alliance Agreement’, an action which was deliberately designed to circumvent due process and transparency in contravention of Section 3 of the Nigeria Extractive Industry Transparency Initiative Act, 2005.” Similarly, the Senate Committee on Petroleum Upstream headed by Senator Emmanuel Paulker has issued summons to all stakeholders in the oil sector who are linked with the oil blocks allocation, summoning the Minister of Petroleum, the Group Managing Director of the Nigerian National Petroleum Corporation(NNPC), Shell Petroleum Development Company (SDPC) among others over the claims by the community. However, the Nigerian National Petroleum Corporation (NNPC) denied the allegations, cleared Omokore’s Atlantic Energy Drilling Concept Limited of any wrongdoing and insisted that the strategic Alliance Agreement entered into with the company ensured that the NNPC received funds to finance its 55 per cent equity interests in the affects oil blocks. The detailed response from the NNPC which was signed by the Group Managing Director, Andrew Yakubu indicated that the deal neither violated the Public Procurement Act nor denied government of ownership of the oil blocks. “The Strategic Alliance Agreement entered into between Nigerian Petroleum Development Company Limited and Atlantic Energy Drilling Concept Limited, was not a divestment of Assets nor transfer of operatorship but simply an alternative funding arrangement in order to meet the Nigerian Petroleum Development Company Limited’s cash call obligations in the affected OMLs,” the NNPC stated. NNPC further said that con-

Tambuwal

trary to the allegations submitted by the oil producing communities, the Strategic Alliance Agreement does not amount to a bidding process for the allocation of oil blocks and that the Agreement is in furtherance of funding cash call obligations from alternative sources. The submission listed alternative sources of funding currently being used in the oil sector as including service contracts, production sharing contracts and alternative funding arrangements being used in the Traditional Joint Venture operations. “It is instructive to note that the Nigerian Petroleum Development Company Limited (NPDC) is still the operator and still owns 55 per cent interest in the OMLs. The company has not divested any of its interests in the OMLs as erroneously alleged by the petitioners.” The NNPC GMD also stated that contrary to claims that the transaction contravened the Public Procurement Act, the NNPC through the Strategic Alliance Agreement gets funding for its equity interests and that the organisation is not involved in any form of procurement of goods and services as envisaged in the Act. NNPC insisted that the Strategic Alliance Award is only a financial arrangement between the NNPC and Atlantic Energy Drilling Concepts Limited. “There has been no award of a block during the entire exercise not to talk about discretionary award,” the statement submitted by the NNPC further indicated. Also, the Nigeria Petroleum Development Company (NPDC) said that the allegations by the Oil Producing communities were unfounded and spurious. A statement by the management of NPDC indicated that the claim of exclusion by the oil communities was unfounded since the NPDC represents the wider scope of all Nigerians who are the owners of the oil blocks. It also stated that the actions taken by the NNPC on the oil blocks are in accordance with the law. “In line with the governing provision regulating divestment

or transfer of participatory interest in any oil block, the minister, after due consideration, approved the assignment of NNPC’s interest to NPDC. Needless to say, the minister’s action is within the scope of her statutory oversight responsibility and in essence for the greater benefit of the nation. We must also point out that NPDC, as a subsidiary of NNPC, is as indigenous as any community can claim to be and represents a much wider scope of indigenous rights than the Delta State Oil Producing Communities. The allegation of deliberate exclusion of indigenous rights is in contrast with the established pro-indigenous position of the minister as demonstrated in her administration of the oil and gas sector, ” it said. The NPDC further stated that “there was never any sale of equity involved but merely a transaction between NNPC and its subsidiary, NPDC, in compliance with the provisions of the Joint Operating Agreement (JOA). The transaction at issue was not an acreage allocation exercise neither did it involve the issuance of a prospecting license.” Despite the spirited denials, reliable sources told Business Courage at the weekend that a lot of underhand dealings were involved in the transaction. The source assured that the national assembly will go extra mile to verify the claim and ensure that the truth of the matter is uncovered. “We cannot be brow-beated by a flurry of denials, claims and counter claims. We all know the dirty things happening in the oil and gas sector, particularly within the top echelon of the petroleum ministry and the NNPC, the more reason why we won’t treat this matter on its face value,” said a lawmaker who spoke under anonymity at the weekend. Interestingly, the current challenge which the petroleum minister is facing is not the first since she was moved to the ministry under President Goodluck Jonathan. As minister of transport, she was accused of paying N30.9 billion to contractors between 26

and 31 December 2007 while the road remained in the deplorable state. In October 2009, she was the only serving minister among five former ministers of state and four permanent secretaries indicted and recommended for prosecution by the Senate following its probe of the questionable spending of N300 billion in the transport sector. She was alleged to have transferred N1.2 billion into the private account of a toll company without due process and in breach of concession agreement. Yet she remained a minister. All that could be done, it seemed, was to deploy her to the ministry of mines and steel development, where she was again accused of impropriety. There was also the 2010 KPMG report on the “process and forensic review” of NNPC which returned a damning verdict on every aspect of the oil industry. Remarkably, the report was inconclusive in three areas that lie at the heart of the gigantic corruption machine that has brought the country to its knees: issue and renewal of importation supply contracts, evaluation of petroleum products importation bids, criteria for allocation of products and volumes to importers, and periodic prequalification lists of approved importers. KPMG could not conclude these aspects of its work due to NNPC process owners’ (ultimately, the oil ministry’s) “inability to provide supporting documents.” In January 2012, in the aftermath of the fuel subsidy crisis and subsequent subsidy payment probe, she was variously indicted for her role in the way the subsidy fund was managed. She was also accused, along with other former Transport Minister of mismanaging the huge budgetary provisions for road construction and rehabilitations. In all these, however, the minister has always come out unscathed, a situation which many have linked to her close relationship with President Jonathan. So will the current probe also end as a storm in a tea cup? BC


A4 20

Business Courage

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

News Abuja has tremendous investment prospects – Minister

T

Nwanze

IFAD commits $88.5m to ATA, says Nwanze By Stanley Ihedigbo

T

he President of International Fund for Agricultural Development (IFAD), Dr. Kanayo Nwanze has disclosed that his organisation has committed $88.5 million into supporting Nigeria’s Agricultural Transformation Agenda (ATA). Nwanze, who stated this during a visit to the Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, said he was delighted at the assurance of progress of ATA’s value chain development to which IFAD has committed the fund. He noted that IFAD would design on-going projects in close collaboration with ATA, assuring that IFAD would remain focused on rural population in developing countries, particularly the rural agricultural population, for continued support. He observed that although IFAD’s investment in poverty reduction is being reassessed, the organisation will, however, contribute – in the next three years – to moving 80 million people out of poverty, worldwide. Responding, the Minister, Dr. Adesina, commended Dr. Nwanze for decentralising IFAD’s operations to the field, adding that IFAD, as a development finance organisation, is making significant impact on smallholder farmers and assured that ATA will reach 20 million farmers by 2015. He acknowledged that IFAD has supported Nigeria in community-based agricultural and rural development programme, working with seven states in the north, in which the financial support has been drawn down 100 per cent. In the south, the minister added, IFAD has supported in community-based natural resource management programme of $50 million worth. The beneficiary states, he said, will be urged to pay their own counterpart funding.

he Minister of State for FCT, Olajumoke Akinjide, has said that Abuja has great business potential for investors. Akinjide who disclosed this while receiving delegates from the City of London, who were in Nigeria on a trade visit, said the FCT has ``tremendous investment prospect’’ in various areas, including waste management, urban transformation, affordable housing and tourism development, among others. ``We have in place generous incentives that make Abuja investors’ haven, we are waiting for London business men to come on board,” the minister said. She said that out of the 18 satellite towns in the territory, only three were being developed, while the remaining were yet to be provided with the necessary infrastructure. She said that the Federal Government was focused towards attracting Foreign Direct Investors to Nigeria. ``The government is working to reverse the malaise of collapsing infrastructure, which dogged the country for decades.” Akinjide said the FCT’s transformation agenda was aimed at placing Nigeria among the 20 leading global economies by the year 2020, adding that the 37-floor World Trade Centre under construction, when completed, would spur businesses, improve Abuja skyline and boost the economy. She said that the Abuja light rail project was on track and would be completed by 2014, adding that on completion, the rail would handle two million passengers daily. Akinjide said that each of the rail stations was designed to be a business centre, comprising of shopping malls and land for foreign investors. Mayor of London, Hon. Roger Gifford, commended the FCT for the effort to improve the territory.

Akinjide

He said there were more than 200 thousand Nigerians living in London, adding that London was a multi-cultural city that had people from other parts of the globe. Gifford said that no less than five Nigerian banks were operating in London, adding that the city would open a new page of business with Nigeria. ``We look up to the opportunity to work with Nigeria,” he said.

14 fuel-laden ships to discharge at Lagos Ports

T

he Nigerian Ports Authority (NPA) has said that about 13 ships were waiting to discharge petroleum products at the various oil terminals within the Lagos Ports. The NPA announced this in its daily publication, the Shipping Position, made available to newsmen in Lagos. The publication reported that six of the 14 ships would discharge petrol; two would discharge diesel, five kerosene and one bulk gas. According to the publication, two other ships will discharge bulk wheat and bulk malt. It also said that 110 ships, carrying different cargoes, would sail into the ports between May 3 and May 28. The publication said that 13 of the ships would arrive with petroleum products, while 24 would sail in with new and used vehicles. It said that 43 other ships would arrive with containers and others with general cargoes, bulk fertiliser, bulk wheat, fresh fish, bulk salt, crude palm oil, base oil, bulk sugar, bulk Soya, bulk gypsum and bulk cement.

LCCI urges FG to patronise locally made prepaid meters

T

he Lagos Chamber of Commerce and Industry (LCCI), has urged the Federal Government to renew its commitment to patronise local manufacturers of prepaid meters. Muda Yusuf, the DirectorGeneral of the chamber, who made this appeal in Lagos, said that the Federal Government has announced its decision to start patronising locally manufactured goods, but this has not really been effected. “Local manufacturers, including meter manufacturers, have been groaning in loss due to very low patronage they have been experiencing. We want the Federal Government to renew its commitment to start patronising local meter manufacturers in order to boost their

Fuel ship at the port

production,” Yusuf said. He said that the low patronage of local manufacturers often accounted for poor quality and packaging of their goods, which many had complained about.

Yusuf

Yusuf urged the Federal Government to involve local meter manufacturers in the Transformation Agenda in the power sector to boost the country’s gross domestic product. It would be recalled that Kola Balogun, one of the local manufacturers of meters and Chairman, Electricity Manufacturers Company Ltd., had earlier appealed to the Federal Government to stop importing meters. Balogun said that the manufacturers were losing a lot of money due to low patronage from the government.

Foundation to train smallholder farmers in integrated agriculture

T

he Citizen Foundation for Agricultural Development (CFADA) says it is set to train smallholder farmers in the country as part of efforts to improve farmers’ living standard and ensure food security. The National Secretary of the foundation, Gozie Okoli, told the News Agency of Nigeria (NAN) in Enugu that the training programme was being co-sponsored by the UNDP and the Enugu State Government. ``What we do is that we recruit

smallholder farmers, the rural farmers, train them and empower them in every aspect of agriculture in Nigeria; we are currently doing this in Enugu State in collaboration with the Speaker of the state assembly. He said that the Foundation was targeting 5,000 farmers in Enugu and other states except Kano and Lagos States where 7,000 farmers would be trained due to their population. “We are recruiting farmers right now in Enugu; the programme will run for five years. We will be training them every year in integrated agriculture,’’ he said. He said that each of the farmers would be trained at the cost of N25,000 with the total cost of training the 5,000 farmers amounting to N25 million. According to him, the Foundation has realised that food sufficiency and security would be achieved through integrated agricultural activities, in order to actualise the MDG 1 on abject poverty and hunger reduction. Okoli, therefore, urged farmers to take advantage of the opportunity provided by the training to improve their capacity to become self-employed as well as enhance their economic status.

Wrong fertiliser application affects output, says expert

A

n agriculture expert, Dr Olawumi Odeyemi, has said that wrong application of fertiliser to plants could affect output negatively. Dr. Odeyemi who spoke in Osogbo, Osun State last Friday, also said that such practice made farm produce hazardous for consumption. ``Though chemical fertilisers increase crop yields, farmers should adhere strictly to its usage to avoid affecting production negatively,’’ he said. He also argued that crops grown with organic fertiliser which contain essential nutrients for plant growth were better in quality than those cultivated with chemical fertiliser. He, therefore, urged farmers


National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 6, 2013

A5 21

News to embrace the use of organic fertiliser rather than the chemical variety, which according to him had irreversible effects on the soil composition. “Chemical fertilisers kill the soil but organic ones improve the condition of the soil, increase nutritional content in plants and prevent plant diseases. Government and corporate bodies in the agriculture sector should encourage farmers to use organic fertiliser which is cost effective, simple to make but messy,’’ he said. Dr. Odeyemi further advised farmers to plant hybrid crop which increase yields and guaranty more production. On the ongoing transformation of the agriculture sector, Odeyemi urged farmers especially peasants, to take maximum advantage of the numerous opportunities in the sector by engaging in commercial farming. He noted that farming had become a profitable profession open to all categories of people, even as he appealed to the state government not to relent in re-energising the Ministry of Agriculture in its bid to boost food production and raise the living standards of Nigerians.

Jigawa provides tube wells, water pumps for irrigation

T

he Jigawa government said last Friday in Dutse that it had provided 2,000 tube wells and water pumps to 3,000 farmers to encourage dry season farming. Rabiu Isa, the Commissioner of Agriculture and Natural Resources, told the News Agency of Nigeria (NAN) that farmers across the 27 local government areas of the state benefitted from the materials provided. Isa said that the project was designed to engage unemployed youths through effective utilisation of agriculture and water resources found in abundance in the state. “More than 3, 000 farmers have benefited from the project

Isa

with 2, 000 water pumps to assist them to lift water from drilled boreholes for irrigation. We purposely did this in order to boost the living standard of the people of Jigawa State because during dry season a lot of people do not have much to do but by providing this tube wells and water pumps most of our youths now embark on dry season farming,’’ Isa said. He said the state government had also distributed fertiliser and seeds to farmers to further encourage agricultural activity in the state. The commissioner stated that the state government had concluded plans to establish three agriculture training centres in Kila, Danzomo and Malammadori, explaining that the gesture was to facilitate training of extension workers and enhance farmer education as well as support services at the grassroots.

LAGBUS assures of improved service

L

AGBUS Assets Managements Ltd., operators of LAGBUS intra-city buses, has assured commuters in the Lagos metropolis of improved service delivery, more buses and additional routes. Yemi Odubela, LAGBUS Executive Director, said in Lagos that the yearnings of commuters for better services and more buses would soon be met. Odubela said that the management had organised series of trainings for its bus operators and ground staff on measures to improve on their service delivery for commuters. He added that the management had equally commenced rapid maintenance work on its faulty buses to increase the number that could be deployed. “The management has received lots of complaints from our passengers and has commenced rapid repair of all our buses to make them up to our passengers’ tastes. Ours is transformation redefined and we are committed to this motto; so, we want to raise the standard of our buses for better performance,’’ he said. He urged passengers to be patient with his members of staff and report misconduct to the appropriate authority. According to him, passengers should not be interested only in boarding buses, but equally be security conscious at parks and bus stops, stressing that they should report all suspicious cargoes and persons. Olu Ogunyankin, Deputy Head, Operations, LAGBUS Assets Management Ltd., urged staff to always check the physical condition of buses before putting them on route.

Institutions, though they are not legally binding.

Fidelity Bank issues $300m five-year Eurobond

F Ogunyankin, who threatened to punish any officer that put unwholesome vehicle on route, advised them to report cases of fault to the maintenance unit. “It is very important to look at the physical condition of the vehicle you are putting on routes. Smokey vehicle should not be allowed to ply. No manage of vehicles. Any vehicle that is not good should not be allowed to ply. Any officer that fails in this will be punished. Captains (drivers) should report all the faulty vehicles to the maintenance unit to put them right,” he said. The director noted that captains should always check the tyres, fire extinguishers, indicators and the neatness of vehicles before putting them on the road.

New guidelines for takaful firms, favours centralised approach

A

new guidelines to oversee the operation of takaful (Islamic insurance) industry has been issued. The new rule, favours a centralised format that is gaining favour across the Islamic finance world. Nigeria is trying to establish itself as the African hub for Islamic finance, having approved rules for issuing sukuk in March. It hopes the guidelines will boost insurance penetration for a sector that had total assets of N621 billion as of December 2011. The guidelines, issued last month, require each takaful firm to establish an advisory council of experts; at least two of the experts must be sharia scholars appointed to four-year terms, which are subject to renewal. The National Insurance Commission (NAICOM) will in turn establish a takaful advisory council of its own to oversee industry products and practices, mirroring the centralised approach favoured by countries such as Malaysia and Oman. Advisory council members must comply with eligibility criteria and an internal code of conduct, and attend a mini-

mum 75 per cent of meetings or face disqualification. Under the guidelines, sharia scholars can only be members of one advisory council at a time and must undergo a formal assessment to ensure appropriate training and experience. Islamic scholars are experts in financial and religious law, but they are not certified or accredited like other professions, so regulators are increasingly developing ways to ensure the hiring of experienced and financially literate scholars. Conventional insurers in Nigeria will also be allowed to offer services through takaful windows, as long as operations are ring-fenced to avoid leakage and comingling with funds that are not sharia-compliant. The use of takaful windows has been limited to a few countries such as Indonesia, Kenya and Pakistan. The latter prompted a legal challenge from full-fledged takaful firms against Pakistan’s efforts to encourage competition. A separate circular sets a relatively low minimum capital requirement for takaful firms, which need to place a deposit of N100 milliona with the central bank and takaful will operate under three models: mudaraba, wakala and hybrid. Under the mudaraba model, a takaful firm acts as a managing partner for a policyholder’s money, working under a profitsharing contract with any losses borne by participants. In wakala, the firm operates under an agency agreement, managing funds on behalf of policyholders in exchange for a management fee, which can also include a performance fee. The hybrid model uses the mudaraba format for investing and the wakala format for underwriting. All takaful investments must be in sharia-compliant assets but if these are limited, firms may engage with conventional instruments subject to approval by their advisory councils. Firms are also encouraged to consider guidelines issued by the Malaysian-based Islamic Financial Services Board and the Bahrain-based Accounting and Auditing Organization for Islamic Financial

idelity Bank Plc has issued a $300 million five-year Eurobond paying a 6.875 per cent coupon and priced at a discount to give a 7 per cent yield, the bank said on Friday. A senior official of the bank, who declined to be named, said the bond sale was completed last Thursday. Citibank and Deutsche Bank were joint lead managers on the deal, a prospectus shows. Fidelity Bank’s chief executive officer, Reginald Ihejiahi told Reuters last month that the planned bond was part of a funding drive for projects with dollar financing needs, including in oil, power and infrastructure. Foreign investor appetite

Ihejiahi

for emerging market debt is soaring, as the hunt for yield amid rock-bottom interest rates in Western countries pushes bond buyers further afield. Samir Gadio, emerging market strategist at Standard Bank, said the issue price had been 99.48 per cent and that the bond gives a spread over US Treasuries of 635 basis points. He added that fair value would have been between 6.5 per cent and 6.75 per cent yield, but said he expected the bond to perform well nonetheless, since the deal was not widely marketed and the global environment remains one of low global rates and ample liquidity.

Lagos register 125 hotels, tourism operators

T

he Lagos State Government has announced that it had so far registered and issued operation licences to 125 hotels


A6 22

Business Courage

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

News He said five suspects had been arrested in connection with incidents in the Federal Operations Unit Lagos), and its Zone B counterpart in Kano. He said the ComptrollerGeneral of Customs had constituted a task force to curb the smuggling of rice, adding that the task force had a direct link with the air fleet and regularly provided them with information on smuggling activities. A breakdown of the seizures shows that the task force recorded 1,926 seizures at the Jimeta-Yola axis; 1,736 seizures in Katsina and 385 seizures in Oyo axis during the period under review.

L-R: Chief Executive Officer of Nigerian Stock Exchange (NSE), Oscar Onyema; President of NSE, Aliko Dangote and Acting Company Secretary, Josephine Igbinosun at the 52nd Annual General Meeting of the NSE, held in Lagos, weekend

and tourism establishments in the state. Disun Holloway, the state Commissioner for Tourism and Intergovernmental Relations, made the disclosure in an interactive session with newsmen in Ikeja. ``The state government has commenced registration of hotels and leisure outlets operating in the state. A total of 125 hotels and hospitality outlets have so far been registered and licensed by the ministry,’’ he said. Holloway said it was mandatory that all hospitality and tourism establishments operating within Lagos be registered, adding that the registration and licensing of hotels was in accordance with the provisions of the State Hotel Licensing Law 2003. The commissioner said that the registration of hotels became necessary as it would enable the ministry to keep a tab on each hotel for proper supervision. He said the ministry had held various meetings with Hoteliers’ Association of Nigeria (HAN), Hotel & Personal Services Employers’ Association of Nigeria (HOPSEAS), on the need for their members to register with the ministry. He advised other operators of hotels and tourism establishments in the state that had not complied with the law to do so by registering with the authority. He said that the ministry would not relent in its effort at ensuring that ``Lagos is a safe destination for both local and foreign tourists’’.

Customs seize 35,194 bags of rice valued at N213m

T

he Nigeria Customs Service (NCS) said that it intercepted 35,194 bags of smuggled

rice in the last two months with Duty Paid Value of N213 million. Wale Adeniyi, spokesman of the service, told reporters in Abuja that customs officers in different area commands across the country intercepted the contraband goods in March and in April. He said the highest seizure of 8000 bags of rice was recorded by the Federal Operations Unit Zone A, Lagos State, followed by another, involving 7,269 bags of rice, in the same zone. “The first two seizures were made by a patrol team of Federal Operations Unit and these were operations that were conducted using intelligence cultivated by our officers and it is an operation that lasted for three weeks. Officers had to stay in a particular village monitoring movement on the creeks and monitoring movement of the smugglers before the seizure was made,” he said. According to him, the first one was about 7,000 bags of rice and the second one was about 8000 bags of rice. “For you to get an idea of what 8,000 bags of rice is, we are talking of 14 trailer-loads of rice,’’ he said. The seizures in Lagos State were made at a creek in Agbara near Egbede village, Badagry and Yekeme creek, near Gbaje, also in Badagry, he said. Adeniyi also said that the service had been inundated with complaints from rice importers and distributors alleging wide scale smuggling of rice into the country. “We want to acknowledge the fact that these are stakeholders in the Nigerian economy. A couple of them have invested lot resources into rice production and distribution. We believe that they have the right to raise this alert if they observe incidents of

smuggling. But as a regulatory agency charged with the statutory function of dealing with the issue of smuggling we want to give a strong and firm reassurance that Nigeria Customs Service has been up to the task of ensuring that smuggled rice is kept out of our nation,’’ he said. Adeniyi noted that the service had been ``constantly re-strategising’’ its methods to

Abdullahi Diko, Customs Comptroller General

combat smuggling, adding that the service now relied more on the use of ``information and intelligence’’. “You will recall that we had to dismantle check points in the hinterland last year and we have focused our attention around the border areas and numerous creeks. Rice can now be only brought in legitimately through the seaport and because of that people who want to circumvent that fall back to using the creeks or the various porous entry points in the hinterland. So we now have to rely more on the use of information and intelligence to be a step ahead of smugglers,’’ he said. Adeniyi said the service had also deployed air surveillance to curb smuggling since it acquired an aircraft for border patrol in 2012.

NCC to prosecute preregistered SIM card offenders

T

he Nigerian Communication Commission (NCC) says it will henceforth prosecute those involved in pre-registered SIM card racket. Efosa Idehen, Head of Enforcement of NCC, told the News Agency of Nigeria on Friday in Owerri that the commission would soon commence the prosecution of those apprehended in connection with the pre-registered SIM cards racket. He said that in spite of the Federal Government’s directive, through the NCC, that individuals should register their SIM cards, some people were still selling pre-registered SIM cards. He said that by doing this, such people were undermining the purpose of the SIM card registration exercise. Idehen blamed operators for failing in their responsibilities by not making adequate checks on systems for SIM registration. “The issue is that the NCC has before this time warned people associated with pre-registered SIM cards to desist whether as a user, dealer or operator. But this time, the commission has moved away from the users, dealers and is now tracing the operators,” he

Eugene Juwah, NCC Boss

said. He said that the law allows questioning the operators for the pre-registration. Now, there is no hiding place for those selling pre-registered SIM cards. “People should not buy pre-registered SIM cards. It is only criminals that don’t want to buy and register their own SIM cards. People should be warned that buying pre-registered SIM card is a grievous offence. There are lots of benefits derivable from registering your own SIM card. People cannot swap your SIM or use your details,” he said. Idehen said that three offenders had been apprehended and would be prosecuted; adding that some individuals had indulged in such practice in the past and thought they had escaped the wrath of the law.

Nigeria to become gateway to African capital markets – Dangote

A

liko Dangote, the President, Nigerian Stock Exchange (NSE), says Nigeria will soon be the gateway to African capital markets. Dangote who made the forecast at the 52nd Annual General Meeting (AGM) of the NSE on Friday in Lagos, said that Nigeria would launch the derivatives market in 2014 to increase the number of tradable products. According to him, the NSE has invested N40 million in the Nigerian Association of Securities Dealers Ltd (NASD) to boost the market, adding that the investment was made during the financial year ended December31, 2012. The NASD is a formal Overthe-Counter (OTC) platform for the trading of unlisted equities, bonds and money market instruments. Dangote said that the NSE acquired 6.86 per cent through private placement offer to diversify its revenue stream. The NSE president said that the Securities and Exchange Commission (SEC) in December 2012 approved the NASD application to establish the OTC platform, adding that the sum of N50 million was also invested in FMDQ OTC Plc, a newly established firm registered to carry out the business of securities dealings. Besides, he said that the firm was promoting and overseeing OTC market platforms for trading securities. “We made a strategic decision to invest in FMDQ to broaden our market reach, diversify revenue stream and to remain at the forefront of an evolving globally competitive financial market,” Dangote said.


National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 6, 2013

A7 23

News

Akpolokemi

NIMASA reads the riot act over marine environment pollution By Francis Ezem

T

he Nigerian Maritime Administration and Safety Agency (NIMASA) has said it is no longer going to take kindly any act of pollution on the part of any shipping company and other stakeholders operating on the Nigerian waters This is sequel to Federal Government’s recent ratification of the Marine Pollution Convention which is the major instrument of the International Maritime Organisation (IMO) on the prevention of pollution of the marine environment. The convention was thereafter domesticated into the national laws in June 2012 through the gazette of the Marine Environment Management Regulations among which was the Sea Protection Levy (SPL) and Merchant Shipping Regulations. The Convention covers six annexes and has regulations stipulating various methods by which member states, ship owners, operators and maritime stakeholders should implement its provisions in order to prevent and control marine incidents/pollution emanating from ships and offshore installations. Director-General of the agency, Patrick Akpolokemi, who spoke at a stakeholders’ sensitization seminar on the need for the protection of the marine environment in Nigeria, warned that NIMASA has commenced the enforcement of all relevant conventions of the IMO on marine environment protection. According to him, the oneday interactive session with the stakeholders had become necessary in the quest by the agency to facilitate effective implementation of marine protection regulations in the interest of all stakeholders. Akpobolokemi, who was represented by the agency’s

Executive Director, Maritime Safety and Shipping Development, Captain Ezekiel Agaba said: ‘There is the need for us to enhance sustainable development of the nation’s maritime environment management system by putting in place a self funding mechanisms that preserve and protect it against degradation and the destruction of the ecosystem with attendants economic implications from oil pollution.’’ He also remarked that the IMO, in response to indiscriminate discharge of ship-generated wastes into the marine environment adopted the International Convention of the Prevention of pollution from ships (MARPOL) Convention. The executive director, who is in charge of safety had while commenting on the issues raised at the meeting observed that oil pollution of the sea is recognised as a major problem and that various countries have introduced national regulations to control discharges of oil within their territorial waters. According to him, Nigeria, as a signatory to the convention has decided to also gazette the regulation on Marine Environment Management otherwise known as Sea Protection Levy and the Merchant Shipping (Ship-generated Marine Waste Reception Facilities) last year. Meanwhile, head of Marine Environment Management Department of the agency, Julian Abiodun-Gunwa said minimal and haphazard monitoring of polluters within the nation’s territorial waters, if continued unchecked will adversely affect socio-economic conditions of the Nigerian populace. She disclosed in order to facilitate a better monitoring of the nation’s waters of polluters; NIMASA has engaged the services of a private firm under a public- private partnership arrangement. It was gathered that NIMASA has commenced the implementation of the regulations especially the sea protection levy under which it plans to take

off the offshore waste reception facilities as soon as possible. NIMASA had before now released details of the payment of SPL collection, which says that for a vessel to fall in the category of paying for the levy, it has to be of 100GT and above, more than 24 meters in length and have on board not less than 10 tons of oil. Under the scheme, Nigerian flagged vessels, which are expected to pay in naira will pay N500 per gross tonnage (GT) for those from 100-1000 metric tonnes (MT) while, those from 1001-10000GT will pay 350 GT. Other Nigerian flagged vessels with 10001-100,000MT will pay N300 per GT and those from 100,000 and above MT will pay 250 per GT. For the foreign flagged vessels, that are expected to pay in dollars, the payment schedule is as follows: Those from 100-1000 metric tonnes (MT) will pay $0.1 per GT, those from 1001-10000MT will pay $0.15, per GT, those from 10001-100,000MT will pay $0.2per GT and those from 100,000MT and above will pay $0.3 per GT.

NDIC seeks students’ support on deposit insurance Tola Akinmutimi, Abuja

T

he Nigeria Deposit Insurance Corporation (NDIC) has urged the National Association of Banking and Finance Students (NABAFS), Federal Polytechnic Nasarawa, to lend a hand of support to its current efforts aimed at improving public awareness about the Corporation’s mandate in protecting depositors’ interest in the country. The step, according to the management of the Corporation is pivotal to the nation’s financial stability and economic development. Making the call when a delegation of the students visited the Corporation’s headquarters on an educational excursion in Abuja, the Deputy Director Research, Policy and International Department (RPID), Dr. Usman Wali, said the visit was crucial to the enhancement of the NDIC’s public awareness on its mandate and activities. Wali, who pointed out that the operations of the NDIC were focused on its core mandate which include deposit guarantee, banking supervision, distress resolution and liquidation, urged the students to spread the knowledge gained during the visit to their friends, families and colleagues. He said that the NDIC insured deposit liabilities of deposit money banks (DMBs),

microfinance banks (MFBs) and primary mortgage banks (PMBs) licensed by the Central Bank of Nigeria, adding that each depositor of insured banks was entitled to receive up to N500,000 for DMBs and N200,000 for MFBs and PMBs in the event of failure. The representatives of Bank Examination Unit (BEU) and Insurance and Surveillance Department (ISD), Mr. Shehu Aladire and Mr. Okechukwu Amadi spoke about the NDIC on-site and off-site operational activities which were aimed at operational efficiency and compliance with banking rules and regulations as well as safety, soundness and stability of the banking system. Aladire identified the four types of on-site bank examination as maiden, routine, target and special examinations and noted that majority of the infractions in the banks were largely due to lack of corporate governance, weak internal control system, insider abuses, high volume of non-performing loans and erosion of shareholders funds.

e-clearance of cargo will eradicate corruption at ports – shippers’ council

T

he Nigerian Shippers’ Council (NSC) has assured Nigerians that corrupt practices at the nation’s ports would be eliminated with the introduction of e-clearance of cargoes. The Acting Executive Secretary of the council, Hassan Bello, said this when a group, “Save Nigerian Freight Forwarders, Importers and Exporters Coalition’’, paid a courtesy visit to the council’s headquarters in Lagos. Bello said that government was making efforts to minimise human contact at the ports where transactions would be done electronically like in other jurisdiction of the world. “I am sure when this is done, it will take care of corruption as port reforms are meant to fight corruption. We

Bello

still have a lot to do and that is why your group is very important as you are the eyes of the shippers and by extension government,’’ he said. Bello said that Nigeria still had the challenge of inter-modal transportation at the ports, stressing that the hinterlands were still not accessible. “It is a great relief for us that the Nigerian Railway Corporation had resumed its transportation of cargoes,’’ he said. He said that at this stage, as a maritime nation, Nigeria should not be talking about container deposits and container return. Bello said the issue of container deposits and return was a vexed one for the Nigerian shippers, adding that the problem would soon be past. “Nigerians cannot be taken for granted. If we say shipping is international, what obtains in other jurisdiction should obtain here,’’ he said. Earlier, the National Coordinator of the coalition, Chukwu Osita, urged the council to act as the commercial regulator of the ports. ``We are soliciting that the government should give you the tool to work to stop all these arbitrary charges at the ports as the freight forwarders are losing money weekly,’’ Osita said.

PPMC denies knowledge of pipeline commission

T

he Pipeline Products Marketing Company (PPMC) at the weekend said it had no knowledge of any plan by the Federal Government to set up a pipeline commission. The Manager, Public Affairs of PPMC, Imodagbe Nasir, told newsmen in Abuja that the government was only interested in ending pipeline vandalism and had intensified surveillance on all routes of petroleum pipelines. He said that inasmuch as the government had taken a number of steps to protect pipelines, the idea of setting up a commission was unfounded and government was not ready to associate itself with such idea. Nasir said that the officers of the National Security and Civil Defence Corps (NSCDC) the Police and the army had been highly responsive to the protection of the pipelines and oil infrastructure. He explained that a private consortium had been engaged to re-lay some of the pipelines which were hidden and were difficult to monitor. Nasir urged Nigerians to be involved in the protection of pipelines as a national asset since pipeline vandalism had been the nation’s major challenge. BC


A8 24

Business Courage

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Global News

Abe

Japan to sign Turkey nuclear deal

T

he Turkish government is expected to sign a deal later with a Japanese-French consortium to build a new nuclear power station. The contract estimated to be worth $22 billion (£14bn), is expected to be signed by Japanese Prime Minister Shinzo Abe during a visit to Turkey. The deal comes as part of renewed efforts to promote Japanese nuclear technologies abroad, despite concerns over safety. One of the Japanese firms included in the consortium is Mitsubishi Heavy Industries, one of the companies behind the Fukushima plant damaged in an earthquake in 2011. Turkey is also prone to earthquakes, and the government cited Japan’s expertise in earthquake protection as one of the factors in signing the deal. The other firms are Itochu Corporation and French utility group GDF Suez. Japan is looking to boost exports of its technological expertise as it attempts to boost economic growth and escape two decades of near-stagnant growth. Fast-growing Turkey, meanwhile, is looking to invest in domestic energy generation to reduce its dependency on imports as the economy expands. The new nuclear plant will be Turkey’s second. It currently imports almost 97 per cent of its energy needs.

African continent in the hope of making acquisitions to hedge rising competition back home. Nedbank, South Africa’s fourth largest banking group, also plans to convert a $285 million loan to pan-African lender Ecobank later this year, it said. In its first quarter trading update, Nedbank said that net interest income in the first three months grew 7.3 per cent to 5.121 billion rand ($571 million) from 4.774 billion a year ago. It recorded higher retail impairments as elevated consumer indebtedness and unsecured lending continued into 2013, while the credit loss ratio increased to 1.22 per cent from 1.08 per cent a year ago.

India cuts interest rates to stimulate growth

I

ndia has cut interest rates for the third time this year in an attempt to revive growth in its sluggish economy. The Reserve Bank of India (RBI) lowered its key rate to 7.25 per cent from 7.5 per cent. India’s growth rate has dipped, amid a slowdown in key sectors such as manufacturing, prompting the government to lower growth forecasts. As a result, the central bank has been under pressure to take steps to help stimulate a fresh wave of economic growth in Asia’s third-largest economy. However, the bank - which has taken some measures in recent months - said that there was limited room for it to ease its policies further. It said that high consumer price growth continued to remain a key threat and that it “cannot afford to lower its guard against the possibility of resurgence of inflation pressures”. “The balance of risks stemming from the Reserve Bank’s assessment of the growth-inflation dynamic yields little space for further monetary easing,” the RBI said in its monetary policy statement.

Nedbank to acquire Mozambique Banco Unico

S

outh Africa’s Nedbank Group said last Friday that it plans to acquire an initial 36 per cent share of Mozambique’s sixth-largest lender Banco Unico, and that it would later increase the stake to a majority shareholding. The announcement comes as South African lenders are scouring the under banked

Duvvuri Subbarao, India’s Central Bank Governor

Earlier this year, India lowered its growth forecast to five per cent for the year to 31 March 2013, underlining the challenges it faces in reviving the sluggish economy. There have been concerns that its growth rate may slow further, not least because of a delay in key reforms, which have hurt foreign investment. The central bank argued that while it had lowered interest rates, the government also needed to take adequate steps to help boost confidence in the economy as well. “Without policy efforts to unlock the tightening supply constraints and bring enduring improvements in productivity and competitiveness, growth could weaken even further and inflationary strains could reemerge,” it warned. Analysts said the central bank’s statement suggested that it was unlikely to take further steps until the government itself acted. “The central bank is unlikely to embark on an aggressive easing cycle if they are not convinced that the structural constraints have been addressed,” said Radhika Rao, economist at DBS bank.

Angola toughens rules to boost transparency in banking

A

ngola has introduced tougher regulations for banks on ownership disclosure, auditing and risk management, responding to international calls for increased transparency and supervision in the oil-rich country’s booming financial sector. Riding on the coat-tails of an oil boom - Angola is Africa’s second largest crude producer - the country’s banking sector has posted rapid growth in the last decade and attracted foreign players. However, the expansion has raised questions about transparency, an area in which rights groups and international organisations have urged Angola to improve its record. The new regulations, issued by the central bank, come in response to recommendations from the IMF and the World Bank, a senior executive in the sector told Reuters. “This will help reduce questions about transparency in the sector and strengthen the central bank’s supervisory capacity,” said Joao Fonseca, executive director at Banco Angolano de Investimentos, the top bank in terms of assets. Angola’s banking market is dominated by five banks, including units of Portugal’s Banco BPI and BES .

Robert Mugabe (R), Zimbabwe President and Prime Minister Morgan

But with deposits rising by a third and assets by a fifth in 2011, overseas players such as Standard Bank and Russia’s VTB are expanding their presence. Under the wide-ranging new corporate governance code, banks will have to publish information about their shareholding structures, including details about who owns direct and indirect stakes. Rights groups have criticised opaqueness in a system in which large stakes are owned by secretive offshore companies. If an Angolan bank opts to have non-executive directors on its board, it must also appoint an executive board to handle day-to-day management in a transparent and responsible manner and one independent board member to oversee it. “The rules are very demanding and will require banks to strengthen management capacity,” Fonseca said, adding that the deadline for implementation by the end of 2014 had been agreed with the sector association ABANC. Stricter rules on auditing, risk management, compliance and stress testing will enhance the central bank’s ability to supervise the financial system. The rules will also help oil companies operating in Angola as they switch to making payments through local banks and demand transparency, Fonseca said.

Zimbabwe lures foreign investors

A

fter shunning Zimbabwe during its years of hyperinflation and political strife, foreign investors are finding the southern African country increasingly attractive. The main index, up more than 25 per cent this year, hit a record high of 191.16 last Friday and offshore investors have been strong buyers. Zimbabwe’s adoption of the dollar, a new constitution that curbs presidential powers after 33 years of President Robert Mugabe’s rule, and

cheap valuations are luring some foreign investors to its stock market. But nagging concerns about elections due this year and the government’s policy of forcing firms to cede majority stakes to black citizens are deterring larger portfolio inflows and the foreign direct investment that Zimbabwe needs, investors say. “Zimbabwe used to be the breadbasket of Africa so the potential to restore its lost glory is still there,” said Funmi Akinluyi, Silk Invest’s sub-Saharan Africa investment director, adding that the firm has no investments in Zimbabwe but is looking at it closely. Zimbabweans in March approved a new constitution limiting presidential powers, removing the main barrier to an election in the second half of this year after a disputed 2008 poll. Those investing in Zimbabwe, including Renaissance Asset Managers, Investec and Stanlib, say they are cautious but believe it has already seen the bottom. They also say companies are cheap compared to regional peers, while tough conditions have produced strong managers. “The management is brilliant,” said Sven Richter of Renaissance, citing one firm that adopts two business plans each year for high and low inflation. “When the environment is particularly harsh you find the best management teams come to the fore.” In the first three months of 2013, foreigners were net buyers of $11 million worth of shares a month on average, more than double the monthly average in 2012, according to data from the Zimbabwe Stock Exchange. But some investors are waiting until after the elections, hoping for more clarity on the new government’s policies. “If this is a real turning point for the economy then we’re going to want to be invested for years, not months,” said Andrew Brudenell, manager of HSBC’s $250 million frontier equity strategy, which invests in Nigeria and Kenya. BC


National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 6, 2013

A9 25

The

hidden treasure

His choice of entrepreneurial endeavour is strategic. After several years, of banking career which culminated in his appointment as Executive Vice Chairman of the defunct Devcom Merchant Bank, Remi Makanjuola did not opt to place his fortune in the finance sector. Rather, he opted for the maritime and the oil and gas sectors; two highly lucrative service industries in Nigeria. Today, he is better for it as his Caverton Group of business continues to play a major role in the money spinning sectors

Makanjuola

By Adejuwon Osunnuyi

R

emi Makanjuola may not be a very popular name in the realm of highly successful Nigerian businessmen, but the impact which his chain of businesses has made in the Nigerian economy over the years cannot be easily dismissed with the wave of the hand. A graduate of the Universities of Leicester and Manchester, Makanjuola’s experience in the business world transverses various sectors of the economy, where he sits on the board of

several key institutions in the country. Having acquired over two decades of progressive banking experience, the last being as Executive Vice Chairman of the defunct Devcom Merchant Bank, owned by the business mogul, Mike Adenuga Jnr, his earlier career path has indeed stood him in good stead in the running of Caverton Offshore Support Group where he is the founder and Executive Chairman. Caverton is Africa’s first integrated offshore support service provider. The company provides marine, aviation and logistics support services to oil exploration

and production firms based in West Africa. His sojourn into the Oil and Gas servicing is perhaps instructive. Primarily, when Makanjuola formed the Caverton group, what he had in mind, as gathered by Business Courage was for him to create the first fully indigenous integrated offshore support company in Africa, which is able to provide “end-to-end” services to its clients and other major players within the industry. In the petroleum shipping industry where Makanjuola had in mind to massively explore, operations in the sector have al-

ways been lopsided in favour of the foreign multinational firms. It was perhaps, in response to the prevailing imbalance that the ministry of transport in conjunction with the National Maritime Authority had to set up a committee to work out the modalities for the involvement of Nigerian shipping companies in this trade. This was also buoyed by the passage of the Cabotage Bill into law by the National Assembly, restricting transportation of petroleum products in the region to Nigerian owned vessels, an area where foreign companies had always fed fat. Even under the current dis-

pensation, Nigerians are yet to fully tap the benefit from the lucrative maritime trade as what many Nigerians firms had managed to achieve was simply becoming agents to foreign shipping firms. Determined to break away from the norm, Makanjuola, full of vision, courage and determination in July 1999 incorporated Caverton Marine Limited as one of the Nigeria’s fastest growing indigenous shipping companies. As an indigenous shipping company, Makanjuola believed that the coming of Caverton Marine would go a long way in inContinued on pg A10


A10 26

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Makanjuola himself affirmed that in two years since Caverton signed the contract with Shell, the company has grown from one with a staff strength of 90 to over 500, creating a pool of highly skilled Nigerians that can work anywhere in the world

troducing young vessels (which had not been the case for numerous shipping companies) in the region as a way of promoting indigenous participation aside being a profitable venture. Thus, from the word go, Carverton Marine Limited was set for rapid growth and expansion in line with government policy on substantial indigenous participation in key sectors of the nation’s economy. Since inception, carverton Marine limited has rendered services to many organizations like Oando Plcsupply of petroleum products, Total- supply of petroleum products, African Petroleum, now Forte Oil,- supply of petroleum products, Shell Trading and Shipping Company UK-/Vessel charter, Shell Petroleum Development Company- Vessel charter, Nigeria LNG- Vessel charter, Oxton Company limited, Belize(foreign)-Vessel charter. As a follow up to the Caverton Marine, Makanjuola again raised the bar with the establishment of Caverton Helicopters in September 2002 as a charter, shuttle, sales and maintenance company providing varieties of services in the Marine and Oil and Gas sectors, including equipment supplies, provision of Marine Vessels, Workboats, Jack up rigs, Tugs and allied equipment and services. Caverton Helicopters and Caverton Marine, which made up the group, together have provided services to clients working within the Nigerian oil and gas industry for a combination of 15 years and currently have a global workforce of over 500 employees. Headquartered in Lagos, Caverton Helicopters is the first wholly indigenous civil helicopter company to work in the oil and gas industry. Operating from facilities around the country and more recently in other parts of West Africa, Caverton Helicopters provides a range of services including transportation, maintenance, search and rescue and related services to offshore oil companies and other

Business Courage

business sectors. While Caverton Helicopters was initially set up to bridge the gap in the on-shore helicopter services, the company has since broaden its scope by venturing into the offshore support service industry and has become a key player in the provision of various services to the major oil and gas companies. Caverton Helicopters currently operates out of a 10,000 square metre flight facility at the Murtala Muhammed Airport in Lagos, a 9,000 square metre facility in Port Harcourt, Rivers State and operates a heliport in the Lagos Metropolis (Victoria Island), and also operates a facility in Cameroon, West Central Africa. The company’s focus and primary business, according to information made available to Business Courage, is to provide logistics and environmental support services to oil and gas fields with broader plans to support energy operations along the West African shelf as well as other ancillary support services. Over the years, Caverton Helicopters has been able to diversify its range of services following on the success of the shuttle services between Victoria Island and Ikeja, Lagos. For Caverton, it has been able to make its mark as it currently offers services such as offshore and onshore logistics (helicopters and fixed-wing), private charters (including air tours and aerial photography), maintenance, repair and overhaul services (helicopter), executive ground handling services (helicopter and private jets) and hangerage and use of facilities at the private terminal. Boosted by the successes it has so far achieved in the aviation, oil and gas section, Caverton Helicopters also decided to raise the bar with its appointment as an AgustaWestland Authorized Service Centre for the AW139 intermediate twin helicopter in Nigeria. With this, Caverton’s service centre based in West Africa’s commercial hub, Lagos provides maintenance and

repair services and an extensive a spare parts inventory for the type, offering an even greater level of service to AW139 operators across the region. Caverton’s relationship with AgustaWestland, the AngloItalian helicopter company, a total capability provider in the vertical lift market, owned by Italy’s Finmeccanica, was further strengthened with a partnership agreement. Through its rotorcraft systems design, development, production and integration capabilities, its experience in the training business and its customer focused integrated operational support solutions; the company delivers unrivalled mission capability to military and commercial operators around the world. Caverton also has an agreement with Heli-Union as well as DanCopter A/S. HELI-UNION was founded in 1961 to rapidly become France’s largest helicopter operator. With over 70 per cent of its activity conducted internationally, the company is present on four continents and ranks among the world leaders on its market. Heli-Union’s teams of professionals are recognized for their high level of skills and experience as well as for their ability to perform their works under virtually all types of environments, including the

most hostile ones. The third of the Caverton Helicopters’ partners, DanCopter A/S, is a Danish helicopter company founded in 2002. The company transports passengers to platforms and ships in and around the North Sea and is a company which highly priorities safety, quality, honesty, and great flexibility on all levels. DanCopter is a well known and respected helicopter company in the European market. The position in this business was further strengthened in 2008 when the Norwegian concern Blueway AS bought 100 per cent of DanCopter shares. Blueway AS has years of experience with helicopter operations in many parts of the world. Clearly, all these affiliations and partnership agreements have tremendously helped the operational efficiency and scope of Caverton Helicopters. Recently, it entered into a partnership with Shell companies in Nigeria which provided it a loan of $85 million to upgrade its fleet with more advanced aircraft, the AW 139. With the $85 million loan, Caverton placed orders for six AW 139s, making it the largest operator of the aircraft in SubSaharan Africa. Under the Caverton/Shell agreement, while two aircraft would be used for Shell Nigeria Exploration and Production

Company (SNEPCo), the rest would be used in the operations of Shell Petroleum Development Company (SPDC). The deal, according to Chike Onyejekwe, SNEPCO Managing Director, is a giant step for a Nigerian company.” Recalling that the partnership journey started in 2010 when the company awarded the biggest aviation contract to a Nigerian company, Onyejekwe said that both Shell and Caverton have worked hard to take the contract to a higher level, assuring that the story will get even better in the coming years not just for Shell companies but also for service providers in the aviation sector and the wider economy. Makanjuola himself affirmed that in two years since Caverton signed the contract with Shell, the company has grown from one with a staff strength of 90 to over 500, creating a pool of highly skilled Nigerians that can work anywhere in the world. “The support we have enjoyed from Shell is a lasting testament to Nigerian content development,” he said. The AW 139 is a new generation twin-engine helicopter that incorporates the latest technology for safer and more economical operations. It seats 12 passengers with a state-of- the-art cockpit to reduce pilot workload and cabin air-conditioning as


Business Courage A11 27

Monday, May 6, 2013

Makanjuola

well as more luggage capacity. Caverton will repay the loan from the proceeds of the contract it executes for Shell. Caverton currently operates six AW139’s performing offshore transport missions in support of the oil and gas industry in Nigeria and is the largest operator of the type in the region. Geoff Hoon, Managing Director Business, AgustaWestland, who spoke at the signing ceremony, noted that while he was delighted Caverton Helicopters have ordered the AW139 to meet their requirements for a long range helicopter to serve deepwater oil and gas rigs, he was of the belief that the contract highlights the continued success of the AW139 in West Africa and grows its successful partnership with Caverton Helicopters, who are not only the largest operator of the type in the region but are also its Authorised Service Centre. To Makanjuola, the order represents another major milestone for Caverton as it broadens its client base and continues to increase its capacity in Africa. The choice of the AW139, according to him, was a testament to its unrivalled performance and capability in the company’s operating environment as it remains confident that it will continue to deliver exceptional results for Carverton. The AW139 delivers best-in-

class performance with a maximum cruise speed of 165 knots (306 kph), and superior performance for range, endurance and hovering. With its power reserve, the AW139 assures Category “A” (Class 1) performance from a helipad (elevated or at ground level) at maximum take-off weight. The AW139 is the market leader in the medium twin class and the only helicopter in service in its class that meets all the latest safety requirements. Carverton is believed to have more than 500 aircraft which are now in service performing many roles including EMS/SAR, offshore transport, VIP/corporate transport, law enforcement and military transport. More than 180 customers from almost 60 countries have ordered over 700 AW139 helicopters so far. Designed with inherent multi-role capability and flexibility of operation, the AW139 is capable of carrying up to 15 passengers at very high speed, in a most spacious and comfortable cabin. The ample baggage compartment is accessible both from the cabin and externally. The AW139 provides the best power reserve of any helicopter in the medium twin-engine class. The AW139 is powered by two Pratt & Whitney PT6C-67C turboshaft engines. Together with this and a state-of-the-art 5 bladed main rotor, the AW139

delivers a high cruise speed even in demanding conditions at all weights. The AW139 is a new generation medium twin-engine helicopter offering unmatched performance, capacity and safety. It meets the most stringent civil and government certification standards, including the FAA and JAA FAR/JAR Part 29 requirements. Caverton Helicopters is the first wholly indigenous civil helicopter company to acquire the AW139 Helicopter. Its helicopters are fully equipped and tailor-made to handle the requirements of offshore support operations in Nigeria. Aside the AW139, other latest addition to the Caverton Helicopters fleet includes the S76C series. While the S-76C series has been improved to meet the needs of today’s operators and the rigors of the demanding offshore oil support mission, it incorporates technological advances that deliver enhanced safety and reliable performance day after day, mission after mission. The S-76C++ helicopters features modern technology enhancements, including more powerful engines, along with important safety features and improvements. Also, Caverton Helicopters currently operates two DHC6 Twin Otter airplanes on a dedicated passenger transfer basis.

Aside Carverton Helicopters and Caverton Marine Limited (Shipping), Makanjuola is also the founder of Le Global Gas Limited, an indigenous oil and gas service company which is Nigeria’s largest independent marketer and distributor of LPG and a key lifter from the current Nigeria LNG LPG domestic LPG supply programme

This is high-winged, unpressurized; twin-engine turboprop aircraft is a 20-passengers STOL utility aircraft developed by de Havilland Cananda. The de Havilland twin other (DHC-6) is a highly manoeuvrable, versatile aircraft which can be flown slowly (80-160 knots/150-300 km/hr). The aircraft fixed tricycle undercarriage, STOL abilities and relatively high rate of climb have made it a successful cargo, regional passenger airliner and MEDEVAC aircraft. Around the world in jungles, deserts, mountains, the Arctic, and anywhere where rugged reliability and short-take-off-andlanding are required, the Twin Otter is often the first choice for dependable passengers’ safety and confidence. Caverton Helicopters also operates a fleet of two Bell 412 EP Helicopters for on-site and offshore logistic services. The Bell Helicopters 412 EP twin turbine helicopter is an advanced technology design with excellent reliability and dependability derived from the rich heritage of the Bell Huey series. These various helicopters are serving commercial needs of over 115 countries throughout the world. The latest version of the venerable series is the Bell 412EP. Aside Carverton Helicopters and Caverton Marine Limited (Shipping), Makanjuola is also the founder of Le Global Gas Limited, the company, an indigenous oil and gas service company which is Nigeria’s largest independent marketer and distributor of LPG and a key lifter from the current Nigeria LNG LPG domestic LPG supply programme. There is also the Carverton Properties Limited involved in real estate development. Makanjuola believes that his group of business in its few years of existence has risen to prominence through a steady and consistent adherence to global standards, processes and systems. Having earned public con-

National Mirror www.nationalmirroronline.net

fidence in the management of public funds and public affairs, Makanjuola is the Chairman, Board of Directors, Lagos State security trust fund which was conceived by the Governor of Lagos State, Babatunde Raji Fashola and established by a Law of the Lagos State House of Assembly in September 2007. The idea of establishing the fund which is modelled on a public/ private arrangement became imperative when the Governor received and reviewed the report of the high powered Security Committee he established under the chairmanship of Musiliu Smith, former Inspector General of Police, to look into ways and means of combating the growing menace of violent crimes in the state and the seeming inability of the police to confront this challenge in spite of their best endeavours. A review of the report made it crystal clear that the problem was essentially related to logistics, mobility, communications, kitting and so on especially when considering the peculiar challenges the state poses. It was the finding of the security committee that a minimum of N3.7 billion was required as the cost of providing standard security cover for Lagos State including the waterways. The Fund was a practical response to the reality of the operational deficiency of the Police and other federal security agencies within the state due to long years of neglect by the Federal Government, particularly in areas of funding and provision of modern equipment. As the Chairman of the Board, he has been responsible for the day to day administration of the Fund. Since coming on board, the state has been able to beef up the police with Armoured Personnel Carriers, APC, and Patrol Vehicles among other security kits. Makanjuola, an experienced banker and economist, also serves as the chairman of Vono Foam Plc. BC


A12 28

Business Courage

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

ThebuddingEntrepreneurs

The mobile kitchen twins Two years after they flagged off a catering outfit with N50, 000 out of sheer desperation to make something meaningful out of live, the Igwe twins, Titus and Tobias now sit comfortably as co-owners of Speedmeal Mobile Kitchen, a food delivery services company with a net income of about N20 million. Besides the gradual flow of income, the Igwe twins have also found fame, courtesy of Fate and Ford Foundations, where Titus now acts as resource person in various entrepreneurial development programmes By Stanley Ihedigbo

T

he story of the Igwe twins, Tobias and Titus, could rightly be said to be that of the popular dictum, “Necessity is the mother of invention.” Tobias and Titus, both Managing Director/ Chief Executive Officers of Speedmeal Mobile Kitchen, through sheer restlessness, courage and the never-say-die spirit were combined to embolden them in their struggle to make a meaning out of their existence. The journey into entrepreneurship started very early for this enterprising young twins due largely to the death of their father. Tobias and Titus Igwe lost their father in October 2009, when they were barely 22 years old and had to eke out a living, by not only fending for themselves but also catering for their aged mother and seven other siblings, being the eldest sons in the family of nine. At the time of their father’s death, Titus and Tobias were studying Business Administration at the University of Lagos. Desperate to complete their education even with the untimely death of their father, they searched for jobs to fund their studies and also to assist their mother and seven younger siblings. After engaging in a few menial jobs, it soon dawned on them there had to be a better way of approaching life and achieving their dreams. While the search for a life wire continued, the Igwe twins decided to start up something on their own, something that they would enjoy doing and at the same time, be lucrative enough to cater for their needs. And that was how they enrolled in a catering training school where they learnt the rudiments of baking. With the practical experience in cake baking and the strong determination to achieve success in life, the Igwes decided to put what they learnt in the catering school into practice, but they were faced with the challenges of raising cap-

ital. With strong determination to succeed, Tobias and Titus decided to temporarily put their university education at a halt by using their school fees and what was left after their father’s burial, to start up their catering business. They applied for deferment, adding another one year to their undergraduate studies. With the start-up capital, Tobias and Titus were then faced with the challenge of getting customers. Interestingly, at this point, they were at the edge of succumbing to pressures from family members and friends who had cautioned them against going into the catering business on the pretext that the business terrain is already saturated. However, with sustained courage, Tobias and Titus decided to give their idea a trial. Weeks after they had started the business and nothing much was forthcoming, they decided to take their case to little children whom they were teaching bible study in the church. They felt the kids could go a long way in convincing their parents in patronizing them in helping them make their birthday cakes. One Saturday, they thought of the idea of baking small cakes and taking them to church to sell after the church service. They approached the children in the church and asked them to show the cakes to their parents, informing them that their bible teachers too could bake delicious cakes as well as small chops. That idea actually worked. While some of the children gave their parents the cakes, interestingly, some other ones would cry insisting that their mothers should go and buy more cakes for them. From there, they started baking birthday cakes for them for as low as N5, 0000. With sustained patronage, minimal though, Tobias and Titus knew it was time for the business to grow, hence they decided to take their business to the next level, but

Titus and Tobias Igwe

then, this time around, it was still within the church premises. They visited marriage counselling classes in churches in order to meet with intending couples. “We also baked cakes and used to take them to marriage classes in the churches where intending couples are being counselled as a kind of advertising our products. When we meet the couples, we used to give them samples to taste

and because they were able to be convinced, we started getting patronage from them as well knowing how important cake is to any wedding,” Tobias said. Now, having gained their confidence, they decided to raise the bar, charging between N25,000 and N50,000 to bake the wedding cakes; depending on the sizes or quantity of materials to be used. From there, again, the twins took

another step, this time, widening the scope of the business into full catering services. But then, the catering business did not also come without its own challenges. At the initial stage, whenever they secured contract of supplying meal, aside having the challenge of staffing, they were also faced with the challenge of accommodation. They had little space to work with be-

Management Principles

Ten golden rules for great customer service

T

hink about the last time you had a negative buying experience. An online store may have failed to respond to your email inquiry. Maybe a sales associate at your wireless store didn’t know the key differences between an iPhone and a Blackberry. Or perhaps you were left on hold for an inordinate amount of time when you called a mail-order company’s toll-free line. Negative buying experiences are almost always linked to shoddy customer service. These days, it is rare to find great customer support, even though most businesses claim they put customers first. But even with the increasing popularity of online shopping, customer service hasn’t gone the way of the dodo. In fact, good customer service can be a differentiator between you and your competition. Heeding the following 10 basic rules will go a long way toward making your business a success. Commit to quality service Everyone in the company needs to be devoted to creating a positive experience for the customer. Always try to go above and beyond customer expectations. Know your products Conveying knowledge about products and services will help you win a customer’s trust and confidence. Know your company’s products, services and return policies inside out. Try to anticipate the types of questions customers will ask. Make sure your employees are fully trained about your products. Know your customers Try to learn everything you can about your customers so you can tailor your service approach to their needs and buying habits. Solicit feedback from customers. Talk to people and listen to their complaints so you can get to the root of customer dissatisfaction. Treat people with courtesy and respect Remember that every contact with a customer — whether by email, phone, written correspondence, or a face-to-face meeting — leaves an impression. Be courteous and use phrases like “sorry to keep you waiting,” “thanks for your order,” “you’re welcome” and “it’s been a pleasure helping you.” Never argue with a customer You know that the customer is not always right. But instead of focusing on what went wrong in a particular situation, concentrate on how to fix it. Most customers will do business with you again if you


National Mirror www.nationalmirroronline.net

Business Courage A13 29

Monday, May 6, 2013

ThebuddingEntrepreneurs cause as at then, they were living with one of their friends. “What we usually do then was that if we got a job, we would beg some of our friends that had big apartment to allow us cook in their house. If our friends have gas cooker, we may pay for the gas,” they told Business Courage. Incidentally, that was the initiative that gave birth to Speedmeals Mobile Kitchen, a food delivery services company that started out with less than N5, 000 in 2010 but is now said to worth well over N20 million. With its headquarters in Ilupeju, Lagos, Speedmeals Mobile Kitchen, according to Tobias and Titus, is a proudly Nigerian, world class food and services company of choice, working with the most sufficient technology in food processing. Apart from catering for big weddings, it also cooks and manages canteens belonging to Zenith Bank, First Bank, hospitals and many others. As a registered food and services company that cooks and supplies food to schools and corporate organisations, Speedmeals Mobile Kitchen, according to the Igwe twins, is driven by the knowledge that customers know and trust their services. “Our food is produced from the finest ingredients with passion and pride. In 2010, we were declared the overall winner of Samsung Real Dreams initiative by Samsung West Africa,” Tobias said. In 2012, Speedmeals Mobile Kitchen won the MTN award for business entrepreneurs’ competition worth N5 million grants along other business support like the Glo business financial support for

Personal Finance Bad social media habits businesses must avoid

W

hilst social media has connected many millions of people around the world and boosted business and customer relations, there are certain issues to remember in order to make your firm a nuisance free zone. The unfortunate truth is social media has the potential to bring out the worst in people and facilitate some truly annoying behaviour. You must steer your business away from such a fate, otherwise customers won’t be interested in what you have to say, and you may even lose followers. Here are some of the worst sins you can commit yourself to on social media networks, and this goes for whether they’re from a business or personal accounts. young entrepreneurs. Tobias and Titus are presently MTN ambassadors for young entrepreneur in Africa and Nigeria, and are having international links to colleges and universities, most of which are partnering with them on capacity building. Interestingly, Tobias and Titus are not only involved in catering services alone, they are also involved in entrepreneurial development initiatives through their Speedmeals Academy, established in June 2010, to train youths through the Opportunity of a Life Time programme. This programme is an innovation to train unemployed youth on how to bake cake and make ‘small chops’ so that they can become self-reliant. Under this arrangement, Speedmeals runs foundation programme for those who are very new to the business while the ad-

resolve a complaint in their favour. Don’t leave customers hanging Handle repairs, call-backs and emails with a sense of urgency. Customers want immediate resolution, and if you can give it to them, you will probably win their repeat business. Research shows that many dissatisfied customers will do business with a company again if their complaint is resolved on the spot. Always provide what you promise Fail to do this and you will lose credibility — and customers. If you guarantee a quote within 24 hours, get the quote out in a day or less. If you can’t make good on your promise, apologize to the customer and offer some type of compensation, such as a discount or free delivery. Assume that customers are telling the truth Even though it sometimes appears that customers are lying or giving you a hard time, always give them the benefit of the doubt. The majority of customers don’t like to complain; in fact, they’ll go out of their way to avoid it. Focus on making customers, not making sales Salespeople, especially those who get paid on commission, sometimes focus on the volume instead of the quality of the sale. Remember that keeping a customer’s business is more important than closing a sale. Research shows that it costs six times more to attract a new customer than it does to keep an existing one. Make it easy to buy The buying experience in your store, on your Web site or through your catalogue should be as easy as possible. Eliminate unnecessary paperwork and forms, help people find what they need, explain how products work and do whatever you can to facilitate transactions. You probably know more than you realize about customer service. The golden rule — do unto others as you would have them do unto you — is certainly applicable when it comes to treating customers like kings. It helps to identify times when you’ve been frustrated by another company’s customer service and try not to make the same mistakes. BC Adapted from Richard Harroch’s article in Allbusiness.com

vanced classes are for those who have the basic idea already with each participant paying commitment fee of N2,500, which Tobias says is to help sieve for people who would be serious with the skills acquired. In conjunction with the Fate Foundation, Speedmeals also provides entrepreneurship training for all participants through the Samsung Real Dreams programme, a training programme sponsored by Samsung and the International Youth Foundation (IYF). Tobias says the vision of Speedmeal is “To be the most sought after food vendor brand in Africa with a global competitive edge”. To achieve this, he said the company would be working with professional brand strategists and nutritionists. If wishes were horses, in the next five years, Speedmeals food should be eaten by everyone in Lagos. “Near every ‘mama put’, you should see a Speedmeal mobile kitchen. Most of the food sold by the local vendors is often prepared under unhygienic conditions. We are going to be employing professional nutritionists, taking Lagos as our primary market; then we’ll spread out to other states. We want to revolutionize the food sector in Nigeria and open up a new page. We are thinking of an enlightenment campaign to educate people on the importance of healthy eating. We do not intend to just put the ‘Mama put’ out of job; we are looking at selling them franchises and helping them to learn to be better service providers in the long run. If you want to remain relevant in the market, you know you have to step up,” Titus said. Tobias and Titus are also involved in Corporate Social Responsibility projects, through which they give support to organizations like Nigeria Sickles Foundation, Nigeria Red Cross while they have taken it upon themselves to organise reading competition across the states.“Those ways, we also contribute towards national building and create jobs. Even now, we want to increase our work force up to 30 to 50 direct staff who will work in our kitchens, preparing and serving the meal,” Titus said. BC

Automated Direct Messages on Twitter One of the worst things you can do on Twitter is set up an automated DM message. Firstly, any Twitter user who has spent more than a few weeks on the service will already be inundated with these things (after two years my Twitter DM mailbox is clogged with thousands of automated DMs). By doing this the Automated DM Twitter user is coming across as spurious, lazy, arrogant, and it’s an extremely irritating practice to employ. It may seem like a tempting concept, but it will, ultimately, make you very unpopular. Overdoing the posting It’s a fine line each business must tread when posting on their social media accounts. You do need to be sending daily messages out, but do not inundate your followers with endless updates. Post fun updates to encourage customers to engage with you, and each other, with this in itself being far more productive than endless Tweets about what products you have to offer. Narcissism Showing off isn’t a good idea. If your company has just won an award keep it to yourself and don’t brag to your customers about how amazing you think you are. Be subtle with your success by adding icons onto your website so the success can be seen by customers, without having to rub their faces into it. Marketing too much The customers who “like” and “follow” your social media accounts know exactly what you do – this is why they’re following your activity. They already like your products and, when they want more of it, they will buy more. Unfortunately this doesn’t register with some businesses, many of whom proceed to lambast their followers with endless information about how amazing their products are; endless tweets, Facebook posts. Widget overload Whilst it’s vital to have widgets for Facebook, Twitter, Google+, Pinterest, and/or Stumble Upon at the end of articles, you should limit it to these networks. It is clear a site has entered desperation stakes when they’re practically begging you to share the article on Digg, Reddit, Tumblr, Instagram, Bebo, MySpace, WordPress, amongst many other networks. Stick to the most popular and let everything else take its course. Begging for Shares/Retweets Pestering yours customers/other users for social media shares is desperate and irritating. if you’re only interested in self-promotion, people will realise and you won’t go anywhere. Ignoring Shares/Retweets If someone has found an old blog post/tweet on your company website/social media account and retweeted it, do not consider this a deserved right and completely ignore the person. Always remember the real reason you are online to begin with; social media is, after all, about engaging with people; thank the individual and ask them a few questions about the post. Belated responses Your average customer knows full well there is a person lingering somewhere around your social media accounts, and if you spend several days in the wilderness before jumping In with a response it doesn’t look good. BC BC


A14 30

Business Courage

Remains of TVs, video, computer keyboards and monitors

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Scrap computers pile up

Lurking dangers of e-waste Steady rise in the importation of second hand computers, handsets and electronics due to rapid adoption of Information Communications Technology in the country sparks fresh fears of health hazard to millions of Nigerians as posed by toxic electronics waste, called e-waste By Adejuwon Osunnuyi

A

ll over the world, that the adoption of Information Communications Technology has been able to bring a lot of desirable benefits that usher in development and helps in changing the standard of living of people especially in developing countries is no doubt fast becoming an acknowledged fact. Ranging from computers and related accessories such as monitors, key boards, GSM handsets, radio and television sets, these gadgets are all in one way or the other in most homes. Obviously, in Nigeria, just like any other country of the world, the rate at which technology has been growing has been so tremendous that newer technologies are being embraced daily. With the rapid advancement in technology however, the crave to upgrade to new equipments has no doubt been rendering most of these technologies obsolete and subsequently becoming scrap otherwise known as e-waste. Naturally, in many homes, while it is not out of place seeing children play innocently with remains of TVs, radio, video, computer keyboards, monitors, GSM handsets, and wireless devices, experts are of the opinion such scraps known as electronic waste, e-waste, or

Waste Electrical and Electronic Equipment (WEEE) are hazardous as they can lead to serious health and pollution problems. Discarded electronic devices like air conditioners, electronic toys, washing machines, lifts, kitchenequipments are not exempted from e-waste. Laced with deadly chemicals and toxins, these electronics which are classed as post-consumer hazardous waste, experts say, the indiscriminate processing or handling of discarded or obsolete electrical or electronic devices known as e-waste contain substances like lead, cadmium, mercury, polyvinyl chloride (PVC) can cause serious harm to human health and environment. However, despite the fact that e-waste has been acknowledged to be very hazardous, reports have shown that Nigeria is fast becoming a dumping site for all these toxic chemicals. While over 80 per cent of the world’s hightech wastes lands up in landfills in Asia and Africa, that Nigeria is emerging as one of the top dumping grounds for toxic, chemical and electronic waste from the developed of the world is already sparkling fresh concerns. An expert in occupational and environmental health, Dr. Layeni Adeyemo, said the largest quantum of toxic, chemical and e-waste from developed coun-

tries entered Nigeria through different routes. Adeyemo, who categorised ewaste into three, namely: house appliance such as refrigerators and washing machines; telecoms appliances and consumer equipment like disused television sets, raised the alarm over the grave health implications of the items, saying they caused damage to the central and peripheral nervous system, blood and kidneys. She added that they could cause harm to the reproductive systems of both man and woman as well as the brain development of children and the endocrine system. In a paper she delivered at the Post e-Waste Stakeholders’ summit, organised by the Lagos State Environmental Protection Agency (LASEPA), Adeyemo said an estimated 50 million tonnes of e-waste were produced globally every year. According to her, the United States alone discarded 30 million computers yearly while Europe disposed of 100 million mobile phones yearly. Out of the figures, she claimed that only between 15 and 20 per cent were recycled while the remaining 80 per cent or more found their way to Africa and into landfills. “While over 80 per cent of the world’s high-tech waste ends up in landfills in Asia and Africa, Nigeria is emerging as one of the

top dumping grounds for toxic, chemical and electronic waste from the developed world,” she said. As a matter of fact, large parts of groundwater in Nigeria are said to have become polluted and un-safe for human consumption due to the indiscriminate disposal of e-waste as they have contaminated the soil, air, and food also. But some Nigerian businessmen especially those who deal in electronics seem not bothered about the claimed hazards of the e-waste as reports have shown that many of them have continued the indiscriminate importations of used electronics into the country. For instance, at the popular Computer Village, Ikeja, some businessmen, who are hell-bent in making fast money have been taking advantage of the large size of the electronics market in turning the country into a major dumpsite for unusable computer accessories and systems. The same situation also plays itself out at Alaba market, where used electronics have been the order of the day. According to Godwin Enamoh, public relations officer, Computer and Allied Products Association of Nigeria (CAPDAN), umbrella body of computer dealers, many at times traders or even dealers travel out

Adeyemo

to buy scraps to clone. “Most of the time, the junks from such efforts out-numbered what was gained from it. It is not a fight that could be done by CAPDAN only but by the collective efforts of all stakeholders.” A United Nations Environmental Programme (UNEP) titled, “Recycling - from e-Waste to Resources’ indicates that 20 – 50 million tons of e-waste is generated each year worldwide and 200 million TVs and one billion pieces of computer equipment will be disposed each year for the rest of this decade. The report noted that the amount of e-waste being produced globally could rise by as much as 500 percent over the next decade in some countries, such as India. The United States is the world leader in producing electronic waste producing about 30 million tons each year, says the report. China already produces


National Mirror www.nationalmirroronline.net

Benebo

about 2.3 million tons (2011 estimate) domestically, second only to the United States plus other countries like Japan, Korea Republic and Europe. These developed countries routinely export e-junks to developing nations with destinations in India, China, Pakistan, Asia, and Africa: Nigeria and Ghana.” The Director General, National Environmental Standards and Regulatory Enforcement Agency (NESREA), Dr. NgerisBenebo who disclosed that obsolete materials are mostly exported to developing nations like Nigeria said, “About 500 container loads of e-waste enter Nigeria through the Lagos port every month.20 per cent of these imported materials are fully functional and could be directly re-used. About 5 per cent could be put to use with minimum repairs, while another 15-20 per cent could have their components used for local repairs and the remaining become unusable and end up as junks. Nigeria may not be the only country that is being affected by e-waste, other countries like China, India and some Africa nations are also not left out. India may be smarter because she now exports her e-waste to other parts of the world. Globally, e-waste is growing at a rate of about 40 million tonnes per year as consumers, in both developed and developing nations, buy new gadgets and discard the old ones. According to a United Nations report, by 2020, China and South Africa could see e-waste generated by old computers rise by 400 per cent. In a decade, estimated the report, e-waste from mobile phones will be seven times higher in China and 18 times higher in India. According to the report, “Some nations are happy to take in e-waste to use in order to extract some of the precious materials and metals that go into making modern consumer electronics.”

Business Courage A15 31

Monday, May 6, 2013

For instance, said the report, in an average year global production of mobile phones and computers uses 3 per cent of the silver and gold mined, 13 per cent of the palladium and 15 per cent of the cobalt. While a PC may contain 700 different chemical compounds including Toxic metals: mercury, lead, gallium, germanium, nickel, palladium, beryllium, selenium and arsenic etc, ther valuable metals such as gold, silver, copper brominated fire retardants Plastics. Valuable Metals Gold is said to worth about $6; Copper $5 worth; and Silver going for $1 worth. To John Oboro, General Secretary of the Computer and Allied Products Dealers Association of Nigeria (CAPDAN), the failure of the Federal Government to take a decisive step to manage the waste arising from the importation of disused electronics into the country under various guises is dangerous as the nation may have to pay for it in an unpleasant way in future. Oboro who spoke in an interview with Business Courage, lamented that the nation has systematically been turned into a dump site for disused electronics from Europe. According to him, these items find their way into the country either as charity items or as outright import for commercial purposes by unpatriotic citizens who are not bothered by the adverse effects the wastes have on health, safety and the environment. “Some other countries are saying no to e-waste like Kenya, but Nigeria feels that’s the best way to put food on the table of Nigerians. But we can do it right if there are reductions. Even though the new ones that we are bringing are also going to be obsolete one day, at least, we should have a control. Control in the sense that we should look at how we manage our e-waste. The unfortunate thing is that once these things got bad, in-

stead of calling e-waste managers to come and take away these products for proper disposal, they prefer to give them to cart pushers. But what they are giving the cart pusher is nothing but a gift of death.” To find solution to the ewaste, Oboro challenged the relevant government agencies to ensure that junks do not enter the country to put the interest of the nation first by ensuring that only goods tested and certified fit for use are allowed. “We are sitting on a keg of gun powder that will one day explode. Developed countries have discovered ways of managing e-waste. It is unfortunate that the manufacturers of even the new ones do not have plans of how to ‘take back’ these things when they become obsolete,” he lamented According to him, these things have a pattern of flooding the market as they are shipped and air-freighted into the country. They also pass through what is supposed to be the crucible of the litany of security agencies that struggle for recognition at the nation’s sea, air ports as well as approved and unapproved but known border routes in the country. Speaking in the same vein, UdumaOkeh, Executive Director of Green Earth Preservation Charter (GEPC) said while the Government can pass laws to restrict and limit the flow of hazardous substances and discarded electronics into Nigeria, it also needs to ensure that only electronics manufactured by companies who comply with non-toxic components requirement and those with details informing consumers about the chemicals used are allowed into Nigeria. He said the National Assembly also needs to adopt an ewaste legislation called National Electronic Waste Management Act which would help regulate the disposal of e-waste adding that other steps that could prove significant in reducing human and environmental poisoning include a systematic study the discarded waste products in the Nigerian market to assist their appropriate management, the creation of strategic waste stream banks selection locations and the exclusion of all electronic devices, especially cathode ray tubes from landfills and incinerators as well as a massive public education exercise through print and electronic media on the contents of discarded electronics and impact on the environment and health, and how to handle and dispose of them in an ecofriendly way. Okeh urged the government to hold a public stakeholder exercise which would include major electronics importers State and Local Government officials, recyclers, retailers, environmental organisations, EU and UN representatives, and G-8 nations representatives, to deliberate on e-waste and how to reduce its incessant flows into Nigeria. BC

Technotips

How to keep your Android device Safe from Threats and Malwares

W

ith the world becoming increasingly dependent on smartphones, the need to educate the users on to how to improve their security in the cyber world has indeed become imperative. The smartphones that we use today are capable of a host of functions and can either make your life easier or a sad one if a few precautions are not heeded. Online protection The need of antivirus software is essential in a smartphone. You may have to make various transactions on your smartphone, for which you need a secure transaction passage. This may be provided by the concerned financial institution and the rest is handled by the antivirus program. Believe me when I tell you, investing in an antivirus software for you smartphone is exactly like buying one for your desktop or your laptop. You’ll never regret it! Security Certificates Next would be to install security certificates. Various financial institutions and websites issue security certificates for mobile phones. These are essentially small files which include an added layer of the latest security system of the world. Outdated security certificates are like an open invitation card for malwares and other viruses. Take some time, and explore the security measures present in your phone. Sometimes, the manufacturer installs a few security features on their respective models. Check and activate them for a safermobile environment. Moreover, there may be an option to edit permissions on your android smartphone. This is a very essential part of the security feature on an android operating system. This feature helps you in customizing and using an app according to your usage patterns. You may or may not give the app express permissions to use all of the system’s resources. You control the app behavior by using this option. Edit permissions for most of the apps and you will have a secure life. Precautions against unknown sources Downloading apps from sources other than the android market may cause irrevocable harm to your smartphone. Avoid installing apps from unknown sources. If you are an adventurous person then you may do so at your own risk of bricking your smartphone. Keep in mind the consequences before performing any action. There is a reason why such things are not recommended by the android system maker. Never stray into unknown waters. Back-up Use the cloud service and back up your data. The most important part of your smartphone is your data which obviously you would never want to lose. Recently, there has been news of malwares being present in the apps on the android market. No matter how much efforts Google is putting into removing such apps is immaterial if you do not exercise a little precaution while downloading apps. Download apps from famed publishers. If that’s not the case, check the comments and reviews of the concerned app. Goo through most of the reviews, and see what the users have said about the app. Surely if there is anything, it’ll be reflected in the reviews. Accordingly, make your decision. Moreover, update the apps on your smartphone for a better experience. Updating the apps would make the software more stable and secure. Take a little precaution and you’ll never complain. BC


A16 32

Business Courage

Sanusi Lamido, CBN Governor

Cashless: CBN cheque truncation now live across the country Stories by Kunle Azeez

T

he Central Bank of Nigeria (CBN)’s concerted effort at ensuring the country’s economic policy is at par with what obtains in other parts of the globe is yielding fruits, as cheque truncation system has gone live across the country. What this denotes, according to the bank, is that the settlement cycle of a cheque in Nigeria has now been reduced to one day. The Nigeria InterBank Settlement Systems (NIBSS) and Nigeria’s leading financial services software provider, Precise Financial Systems, PFS, worked with the CBN to achieve this breakthrough across all the 37 branches of the CBN located in states capital including the federal capital territory, Abuja. The CBN branches are Umuahia, Yola, Uyo, Awka, Bauchi, Yenagoa, Makurdi, Maiduguri, Calabarand Asaba, Abakaliki, Benin City, Ado-Ekiti, Enugu, Gombe, Owerri, Dutse, Kaduna, and Kano. Others are Katsina, Birnin Kebbi, Lokoja, Ilorin, Ikeja, Lafia, Minna, Abeokuta, Akure, Oshogbo, Ibadan, Jos, and Port Harcourtas well as Sokoto, Jalingo, Damaturu, and Gusau. According to a statement signed by Chief Executive Officer, PFS, Yele Okeremi, with the new regime all cheques presented for settlement would be resolved within stipulated date across the country. The cheque truncation system would allow all branches of the CBN to capture all cheques in the respective branches and maintain them in a central server in Lagos. The system then allows all captured cheques from the bank to be transmitted to the clearinghouse from Lagos. According to him the system is responsible for the processing of all inward cheques and NEFT transactions of banks. While

it would address all required management reporting, its controls are guided “as the system implements all required maker checker rules of the banks”, he said. With the activation of cheque truncation through iTELLER platform in Nigeria, important challenge the system has addressed is the ability of the CBN to meet the deadline for cheque truncation nationwide. Aside, the platform has also assisted the CBN to reduce cost, time and the stress level involved in its cheque clearing operations. “This system removes all logistics costs associated with clearing”. While further enumerating on the benefits of cheque truncation, he said before the cheque truncation regime, the banks would have to send their outward cheques to respective central clearing departments by dispatch riders or bullion vans. However, with the system, cheques can be truncated directly at the branch of deposit. “This removes time-wasting collation and photocopying usually carried out at the bank branches. It also removes the need to post-encode cheques, and this provides the platform to use more agile cheque scanners for image and MICR capture”. Other benefits of the new systems, according to him, include reduction of stress and human efforts in clearing, elimination of all cheques substitution tendencies, reduction of time of consummating manual transaction thereby enabling the cashier to focus on other customer requirements as well as reduction of the man-hours required to attend to other customer’s need among others.

Tani Fafunwa, Managing Director Resourcery

Resourcery receives new recognition

A

leading systems Integrator in West Africa, Resourcery Plc., has received a Cisco Best Integrated Marketing Campaign award. Cisco unveiled the 20 global winners at its annual Marketing Velocity conference in

Monday, May 6, 2013

Cannes, France, recently. The award was in recognition of the company’s creativity and execution of an excellent integrated marketing campaign centered on the business benefits of Cisco’s Video Collaboration solution. With one event each in Lagos and Accra, the company was able to provide customers with live technical demonstrations connecting Lagos, Accra, Norway and United States respectively as well as one-onone enablement opportunities. Speaking during the event, the Vice President, Global Partner Marketing at Cisco, Sherri Liebo, said, “Cisco is proud to work with so many well-respected and industryleading channel partners and distributors, and it is an honor to recognize as a Cisco Best Integrated Marketing Campaign award winner.” According to him, “The Best Integrated Marketing Campaign award presented to Resourcery from Nigeria recognizes its marketing excellence and quality execution in 2012.” Receiving the award for Resourcery, the Public Relations Specialist of the company, Onome Okwah, noted that the company fulfilled the following criteria to qualify for the award; “use of Cisco Resources, creativity and innovation, business and alignment with Cisco’s business drive.” He said further explained that “This award is in recognition of the excellent job done by our dedicated sales team, the Business Voice and Video Solution unit and the marketing efforts of all involved in delivering the award winning marketing campaign. The team has clearly demonstrated that it understands the need to strategically align the company’s marketing activities with Cisco’s channel enablement activities for maximum impact.” Onome recalled that Resourcery, which was founded in 1985, provides end-to-end business solutions to its customers across the West African market. “The company offers business solutions that cut across enterprise network infrastructure, business voice & video solutions, data security and business intelligence solutions amongst others,” he added.

TD, Huawei partner on enterprise market

N

igeria’s leading Information and Communication Technology, Technology Distributions Limited and Huawei, a leading global ICT solutions provider, have partnered to create maximum value for telecom carriers, enterprises and consumers. In the partnership, the TD

National Mirror www.nationalmirroronline.net

cial muscle and logistics. Zhou revealed that Huawei Enterprise is one of Huawei’s three business groups. He said that the TD partnership would leverage on Huawei’s strong Research & Development capabilities to service customers in government and Ministries, Departments and Agencies, finance and banking, oil and gas, commercial businesses and Internet Service Providers. Ekeh

will be a distributor of Huawei enterprise-focused solutions in the country by providing competitive ICT solutions and services. Both companies are pulling their resources together. While Huawei is known for innovative and trusted manufacturing capacities, TD has a highly motivated and massive distribution network in West Africa and will to provide a wide range of efficient ICT solutions and services to enterprise customers of all sizes. Speaking while receiving the Huawei Distributors License, the Managing Director of TD, Chioma Ekeh, described the partnership as ‘timely because it was coming at a time when government was embarking on a transformation program across all sectors of the economy.’ According to her, “ Huge investments were being made in the transportation, energy, education, health, aviation etc and it would be absurd if Huawei enterprise solutions, deployed already in 140 countries, were not part of the choices that TD would offer to her top notch clientele.” Besides, she added, 2015, the date set for the attainment of the Millennium Development Goals ( MDGs) was just a stone throw away and industry analysts were expecting that governments and non-governmental organisation (NGOs) would make further heavy investments in ICT infrastructure. She assured resellers and the market that characteristically TD would stock large quantities of Huawei Enterprise Servers, Enterprise Switches, Enterprise Routers, E-sight, WLAN Solutions, Firewall Solutions, Tele-presence Solutions and UPS. She reaffirmed the TD commitment to immediate delivery anywhere in West Africa. As usual every purchase from TD would come in the traditional incentive-laden package for which TD has become legendary. Presenting the Distributor Licence earlier to the TD boss, the Director, Channel Department, Huawei, Mr. Vincent Zhou, said that Huawei had appointed TD a distributor after an impressive assessment of its capacities in corporate governance, marketing, finan-

DStv mobile devices now available for purchase at Konga. com By Adejuwon Osunnuyi

W

ith the growing trend of electronic payment especially the online purchase of goods and services in the country, leading pay entertainment service provider, MultiChoice Nigeria has announced that its DStv mobile range of products can now be purchased online through Nigeria’s leading online retailer, Konga.com. With this development, customers can now conveniently order the DStv mobile range of products through Konga.com and get them delivered to them within one to three days within Lagos and within three to five days outside Lagos with DVB-H coverage at no additional cost. The range of products which include the Walka 7( N18,900), Walka 3.5 (N10, 000), Wi-Fi Drifta (N12,250), Drifta USB (N8,500) and iDrifta(N9,500) can be used to access some of the exciting content that DStv is synonymous with; including sports, music, general entertainment, news and children’s programming among others. Also, DStv Premium, Compact Plus, Compact and Family subscribers can access the DStv mobile services as a value-added feature at no extra monthly subscription fee. To order the device, a customer simply needs to visit the website www.konga. com, read through the list of features of each device and select his preference. Payment options include Pay on Delivery (available in Lagos, Abuja and Port Harcourt) or via a debit card from most Nigerian banks. The delivery of device within Lagos is between one to three days while delivery outside Lagos is within three to five days of purchase. DStv mobile services are currently available in Lagos, Port Harcourt, Abuja, Ibadan, Kaduna, Aba, Enugu, Benin and Asaba. BC


National Mirror www.nationalmirroronline.net

Business Courage A17 33

Monday, May 6, 2013

Reflections with Semiu Salamii 07043280449 sms only

Are we back to paper profit season?

T

hings are obviously looking up for the Nigerian deposit money banks in terms of huge profits and general bottom-line indices. Both for the league of the financially sound banks, as proclaimed after the Sanusiled CBN’s stress test and those rescued by the Asset Management Company of Nigeria (AMCON), the season of jumbo profit is back and the banks are not making any pretence about it. For the 2012 financial year, the result of which most banks are celebrating now, it is becoming increasingly clear that most, if not all the banks have fully recovered from the burden of debt overhang which they were compelled to write off in the aftermath of the economic meltdown that started in 2008. For instance, for the financial year ended December 31, 2012, Access Bank posted a profit after tax of N42.9 billion, an increase of 150.9 per cent when compared to N17.1 billion recorded in the same period of 2011. It recorded a gross earnings of N208.3 billion, a 53.6 per cent increase over the N135.6 billion it recorded in 2011. GTBank on its own declared a profit after tax of N87.3 billion for the financial year ended December 31, 2012, a 69 per cent when compared to N51.7bn recorded in the same period of 2011. The

bank’s profit before tax stood at N103 billion in 2012, higher than N66.1 billion recorded in the corresponding period of 2011, while gross earnings rose to N221.9 billion. Zenith Bank declared a profit after tax of N95.8 billion, an increase of 132 per cent when compared to N41.3 billion recorded in the same period of 2011. It grew its total assets by 12 per cent from N2.17 trillion in 2011 to N2.44 trillion. Its gross earnings increased by 30 per cent, from N214.9 billion in 2011, to N279 billion in 2012, while its total deposit stood at N1.8 trillion, an increase of 14 per cent when compared to N1.58 trillion recorded in the corresponding period of 2011. Stanbic IBTC declared a profit after tax of N10.2 billion for the financial year ended December 31, 2012, an increase of 53 per cent over N6.6 billion recorded in the same period of 2011. Gross earnings increased to N91.9 billion from N63.4 billion while total assets increased to N676.8 billion from N554.5 billion. Skye Bank posted a profit after tax of N12.6 billion for the 2012 financial year, an increase of 692 per cent when compared to N1.59 billion recorded in the same period of 2011. Gross earnings

rose by 24.8 per cent to N127.7 billion in 2012, from N102.4 billion in the corresponding period of 2011. Total assets appreciated by 23.9 per cent to N914.4 billion in 2012, from N737.9 billion in 2011, while deposit from customers increased to N716 billion, from N563 billion in 2011. Fidelity Bank on its own posted N18.2 billion in 2012, an increase of 604.3 per cent from the N2.58 billion recorded in 2011, while Diamond Bank declared a profit of N22.1 billion, an increase of 261 per cent from the loss of N13.9 billion recorded in the same period of 2011. Its total operating income rose by 149.4 per cent, from N38.5 billion recorded in 2011 to N96.03 billion in 2012. The balance sheet showed a net asset of N108.9 billion in 2012, from N85.9 billion in 2011, while total assets stood at N1.18 trillion from N796.2 billion in 2011. Ecobank Transnational Incorporation (ETI) declared a profit after tax of N45.9 billion, up by 39 per cent from the preceding year, while the group revenue increased by $555 million or 46 per cent to $1.8 billion, from the corresponding period of 2011. Ecobank Nigeria reported profit before tax of $64.1 million, an increase of $25 million or 65 per cent

when compared with 2011. Sterling Bank also declared gross earnings of N68.9 billion for the 2012 financial year, an increase of 50.8 per cent when compared to N45.7 billion recorded in the same period of 2011. Total assets increased from N504 billion to N580.2 billion, while customer deposits increased by 18 per cent to N463.7 billion, from N392 billion recorded in 2011. Gradually, it appears we are returning to the pre-Sanusi era, when banks were declaring jumbo profit, often referred to as paper profit, mere declaration that are in most cases are really not cash-backed. Much as it’s heartwarming to see the banks return to full profitability, my sincere hope is that the profits this time around would be real enough to sustain the integrity of our banking system. I also hope that, with improved profitability, our banks would be better positioned to play their roles in the economic development of the country. Going forward, I hope the banks would now consider funding of critical infrastructure and providing support to the real sector, it’s only when this is done that we will be able to truly ascertain that these profits are indeed, not a mere paper declaration. BC

tal equity turnover volume recorded during the week. In the course of the week, 1,887 units of NewGold Exchange Traded Funds (ETFs) valued at N4.182 million were executed in four deals compared with a total of 14,905 units valued at N32.677 million transacted last week in 50 deals. Also, 300 units of FGN bonds valued at N35, 520 were traded during the week in three deals in contrast to 1,420 units valued at N173, 253 transacted the previous week in eight deals.

to close on Friday at 35,109.33 while the market capitalization of the listed equities on the mainboard advanced by 5.88 per cent to close at N11.225 trillion. Also, the NSE 30 Index appreciated by 85.10 points or 5.37 per cent to close at 1,668.67. Other NSE sectoral indices also appreciated during the week: NSE Consumer Goods, NSE Banking, NSE Insurance, NSELotus II and NSE Industrial Goods by 2.53 per cent, 2.68 per cent, 2.25 per cent, 6.16 per cent and 9.13 per cent respectively. However, NSE Oil and Gas Index declined by 3.50 per cent. Meanwhile, NSEASeM Index remained flat.

The Stock Market last week

T

he Market opened for four days last week as the Federal Government of Nigeria declared Wednesday May 1, 2013 (May Day) a public holiday to mark the Workers’ Day Celebration. A turnover of 1.511 billion shares worth of N15.867 billion in 20,965 deals were transacted last week by investors on the floor of The Exchange in contrast to a total of 1.758 billion shares valued at N17.898 billion that exchanged hands the previous week in 23,958 deals. At the close of trading activities for the week, the Financial Services sector (measured by turnover volume) led the sectors and accounted for 1.261 billion shares valued at N10.855 bilTOP 10 PRICE GAINERS: Company CAP PLC A.G. LEVENTIS NIGERIA PLC WAPIC INSURANCE PLC ABC TRANSPORT PLC IKEJA HOTEL PLC DANGOTE CEMENT PLC U A C N PLC ACCESS BANK PLC STANBIC IBTC HOLDINGS PLC RED STAR EXPRESS PLC

Open 38.70 1.50 0.93 0.67 0.77 158.85 56.00 9.12 13.36 3.60

lion exchanged hands by investors in 12,786 deals. Consumer Goods sector followed in the activity chart with 48.204 million shares valued at N3.224 billion traded in 3,427 deals. Similarly, the Banking subsector of the Financial Services sector was the most active during the week (measured by turnover volume) with 1.090 billion shares worth N8.879 billion traded in 8,818 deals. Volume in the Banking subsector was largely driven by activities in the shares of UBA Plc, Unity Bank Plc and Skye Bank Plc. Trading in the shares of the three banks accounted for 629.968 million shares worth N3.414 billion exchanged by investors in 2,418 deals contributing 41.69 per cent to the to-

Close 46.80 1.81 1.12 0.80 0.90 185.00 64.68 10.44 14.90 4.00

Gain (N) 8.10 0.31 0.19 0.13 0.13 26.15 8.68 1.32 1.54 0.40

% Change 20.93 20.67 20.43 19.40 16.88 16.46 15.50 14.47 11.53 11.11

INDEX MOVEMENT The NSE All-Share Index rose by 1,950.25 basis points or 5.88 per cent

TOP 10 PRICE LOSERS: Company R T BRISCOE PLC COSTAIN (W A) PLC U T C NIG. PLC NEIMETH INTL PHARMA PLC IPWA PLC VONO PRODUCTS PLC CUTIX PLC. TOTAL NIGERIA PLC BETA GLASS CO PLC UNITY BANK PLC

Open 2.00 1.30 0.69 0.82 0.70 2.60 .1.62 157.00 10.67 0.66

Close 1.62 1.06 0.60 0.72 0.63 2.34 1.46 143.00 10.00 0.62

Loss (N) -0.38 -0.24 0.19 -0.10 -0.07 -0.26 -0.16 -14.00 -0.67 -0.04

SUMMARY OF PRICE CHANGES Forty-three equities appreciated in prices during % Change the week higher than 34 -19.00 -18.46 equities of the preceding -13.04 week. Twenty-five equities -12.20 depreciated in price low-10.00 er than 46 equities of the -10.00 preceding week, while 128 -9.88 -8.92 equities remained constant -6.28 higher than 116 equities of -6.06 the preceding week. BC


A18 34

Business Courage

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Behind d Wheels This page is open to sponsorship

The 2013 Hyundai Sonata Hybrid

F

or years, Toyota has been the benchmark for gaselectric vehicles. Utter the word “hybrid” and the Prius immediately comes to mind. Toyota’s impressive technology has also migrated successfully to several other models in its stable. But it seems like Hyundai isn’t easily deterred, as the new 2013 model features serious under-the-hood upgrades and modifications that make it more than just a rival to the Toyota hybrids, but a rival for the lead in its segment. Hyundai is one of several car companies that has taken a successful midsize sedan and installed a hybrid powertrain that provides increased fuel mileage and makes the car appealing to a wider range of consumers. In addition to its 38 mpg combined EPA fuel economy rating, the 2013 Hyundai Sonata Hybrid stands out for its generous standard equipment list and available in-cabin technology. In the middle of 2012, the Sonata Hybrid saw its EPA ratings drop from 35 mpg city/40 mpg highway to 34 city/39 highway. Since then, Hyundai has made some changes to the hybrid system to improve the sedan’s efficiency. An upgraded 35-kilowatt electric motor allows the car to spend more time in electric mode, which benefits mpg and allows the car to achieve 35 city/40 highway ratings once more. During Edmunds testing of a 2011 Sonata Hybrid, we were unable to achieve the EPA’s mpg estimates in normal driving. However, we plan to test the 2013

model to see how its improved fuel economy ratings hold up in the real world. Hyundai has also made changes to the computercontrolled clutch between the Sonata Hybrid’s 2.4-liter fourcylinder gasoline engine and its electric motor to help smooth out the transitions between the gas and electric power sources in traffic. In addition, the automaker has fitted the sedan with a lighter, more compact lithium-polymer battery pack. This opens up extra trunk space, as the Sonata Hybrid goes from just 10.7 cubic feet last year to a respectable 12.1-cubic-foot trunk in 2013. These updates should add up to a better Sonata Hybrid, but it’s still facing stiff competition from the similarly priced 2013 Ford Fusion Hybrid (47 mpg combined ned EPA rating) and 2013 Toyota oyota Camry Hybrid (41 mpg combined), which ch offer higher mpg ratings and a more refined d driving experience. B o d y Styles, Trim Levels, and Options Standard equipe ment on the base model inch alcludes 16-inch loy wheels, automatic headlights, LED running lights, fog d mirrors, keyless lights, heated ry, dual-zone auignition/entry, mate control, cruise tomatic climate

control, an eight-way power driver seat, a tilt-and-telescoping steering wheel, heated front seats, Bluetooth, Hyundai’s BlueLink emergency communications system and a sixspeaker sound system with CD player, satellite radio, an iPod/ USB audio interface and an auxiliary audio jack. Hyundai doesn’t offer any major options on the base Sonata Hybrid, so if you want more amenities, you’ll need to look to the new Limited model. The 2013 Hyundai Sonata Hybrid Limited comes with 17inch wheels, leather seating surfaces, a leather-wrapped steering wheel and shift knob, power driver seat with lumbar support, heated rear seats, a navigation system with a 7-inch touch screen, rear-view came r a , an upgraded Infinity au au-

radio, and an auto-dimming rear-view mirror. A panoramic sunroof is optional on the Limited. Powertrains and Performance The 2013 Hyundai Sonata Hybrid is powered by a 2.4-litre four-cylinder petrol engine generating 159 horsepower and 154 pound-feet of torque that is paired with an electric motor rated at 47 hp (35 kilowatts) and 151 lb-ft. Combined, the two power units are good for 199 hp. A six-speed automatic is the only transmission offered. For 2013, Hyundai says fuel economy estimates will be 35 mpg city/40 mpg highway and 38 combined. Note that the Sonata Hybrid’s combined rating drops to 37 mpg on the heavier Limited model.

Safety Standard safety features on the 2013 Hyundai Sonata Hybrid include antilock brakes, stability control, traction control, front side-impact airbags, full-length side curtain airbags and active front head restraints. Hyundai’s BlueLink emergency communications system is also standard. In government safety tests, the Sonata Hybrid earned a top five-star rating for overall crash protection, with four out of five stars given for overall frontal protection and five stars for overall side protection. In Insurance Institute for Highway Safety testing, the 2013 Hyundai Sonata earned a top rating of “Good” for frontal-offset, side-impact and roof-strength protection. Design and special features Not surprisingly, the Sonata Hybrid’s passenger cabin looks and feels very similar to its traditionally powered sibling. The interior is handsome and controls are straightforw a r d

dio system with nine speakers and HD


National Mirror www.nationalmirroronline.net

Business Courage A19 35

Monday, May 6, 2013

Behind d Wheels This page is open to sponsorship ment which is on par with Toyota’s Camry Hybrid. The transition from electric-to-gas, then back to electric is smooth, and hardly noticeable on the road. There’s very little shift-shock as the clutch engages the gas motor while the car is moving, and there’s better logic in how the hybrid system operates, with the car disengaging the gas motor often while coasting and braking. One complaint is that while stopped, a shuddering sensation is still felt when the gas motor shuts off.

and intuitive to use, regardless of whether you have the base model or the Limited and its standard touch screen interface. The slick-looking gauge cluster sets the interior apart from the non-hybrid model and includes a separate LCD display meant to encourage more fuel-efficient driving. Front seats are comfortable and supportive. The backseat offers plenty of room for two adults, though taller passengers will find headroom in short supply. All hybrid sedans lose a good bit of trunk space due to intrusion from the hybrid system’s battery pack, and the Sonata Hybrid is no exception, with 12.1 cubic feet of capacity compared to 16.4 cubic feet in the regular Sonata. Among hybrid midsize sedans, the Sonata Hybrid offers comparable trunk space to the Fusion Hybrid and 1 cubic foot less than the Camry Hybrid. More electric, less fuel Those comparing numbers from 2012 to 2013 will see an interesting difference. Power is down seven hp, yet torque is up 40 lb-ft. That’s not a typo: the Sonata Hybrid has beefier electric components with its electric motor now putting out 35 kW (from 30 kW in 2012) and the hybrid battery is also upgraded to a maximum output of 47kWs (from 34 kW.) From there, Hyundai tuned the whole powertrain to rely less on its gas motor, and provide more mid-range torque.

It’s no marketing gobbledygook, as the Sonata is now rated at a combined 38 mpg. While up just one mile per gallon over last year’s car, recent testing proved this updated powertrain is even more efficient than that, getting about 42 mpg during a week of driving. By comparison, last year’s car failed to achieve its rating with an as-tested 34 mpg. That 42 does, however, come with a catch; it was achieved with Hyundai’s efficient driving mode, called Blue drive. As the default driving mode, the car is vehemently against motoring in any manner other than slowly. Throttle response is dull, meaning from a stop the electric motor stays on longer, and saves you more gas. The transmission is eager to up shift and reluctant to release the higher gear in order to keep the drive serene and thrifty. It all works very well and managed to keep fuel economy around and above the coveted 40 mpg mark. Fortunately, slow and calculated is not the only method of driving the Sonata Hybrid. Turn off Blue mode, and suddenly the car feels like a standard, yet torquier Sonata. It will still turn off the gas motor at a stop and while coasting, and can still manage solid fuel efficiency at 36 mpg, all while providing a more engaging driving feel. Competition Again, Hyundai’s effort here is evident, as the new Sonata Hybrid has a sense of refine-

Edge One key feature that the Sonata has over its Japanese rival comes with how it drives. The ride is communicative without being too stiff and uncomfortable. Additionally, there is far more steering feel here than what’s offered on the Camry, which is floaty and vague. Braking on the Sonata Hybrid could use another look from Hyundai’s engineers. Like many other regenerative braking systems, they provide excellent initial bite that tapers off after prolonged or additional pedal pressure. It causes a bit of an inconsistent feel. Improvement in this area could really propel Hyundai above other hybrids on the market, and help to blur the lines between how hybrids and non-hybrids drive. The superficial stuff Again, this year’s Sonata Hybrid proves itself to be wonderful beyond its gritty technical bits. A unique, modern design distinguishes the Hybrid from its non-hybrid siblings. The features are there too. Costing $25,650 (about N4 million), the Hybrid holds a $4,500 premium over non-hybrid Sonatas. That extra price gets you more than just the hybrid system, with more standard items like dualzone climate control, automatic headlights, fog-lights, heated seats and some exclusive bling such as LED accents on the headlights. Those looking for a fully loaded Sonata Hybrid will have to spring $30,550 (N4.76 million) which includes 17-inch alloys, a leather-rich interior, heated rear seats, navigation, backup camera and a premium audio system. Buyers can also buy a sunroof package which costs an extra $1,000. In comparison, the Sonata Hybrid is $490 (N76, 440) cheaper than the Toyota Camry Hybrid, and features more head and legroom for folks in up front. If you’d like more space, Toyota’s option is more appealing with substantial 4.3-inches of additional legroom for back-seat passengers and an additional cubic foot of cargo space. BC

Autocare Car maintenance checklist for DIYs

A

utomatic transmission fluid An automatic transmission depends on the transmission fluid for transferring engine power to the wheels, shifting gears, lubricating moving parts and cooling down the transmission. Check the transmission fluid when your car is serviced and change it as recommended. Different cars have different ways of checking the transmission fluid level; some require the engine to be shut off (e.g. Honda), some cars don’t have a transmission dipstick at all and the fluid can only be checked in a repair shop. Check your owner’s manual for proper procedure. After the vehicle was driven for a while to let the transmission fluid warm up, place your vehicle on a level ground. Set the parking brake. Make sure the transmission is in “P” (Park) position. Leave the engine running. Find the automatic transmission dipstick (your owner’s manual will tell you where it is located). Pull the dipstick out. Wipe the dipstick off with a clean lint-free rag. Insert it back fully. Pull it out again and check the fluid level. A transmission fluid expands when warmed up, so if the car has been driven for a while (20-30 minutes), the transmission level should be between “HOT” marks. If the vehicle is cold, the level should be between “COOL” marks. Check the fluid condition: a very dirty fluid with strong burnt smell is a warning sign of transmission problems. Normally, the automatic transmission fluid should be clean and transparent. If the transmission fluid level is low, you can top it up, but be careful not to overfill it. Overfilling the transmission can cause problems. It’s very important to use only specified transmission fluid type - check your owner’s manual or simply visit your local dealer, they always have proper transmission fluid in stock. Incorrect fluid type can damage your transmission. You can top up the transmission fluid by using a thin funnel; add a small amount of the fluid through the dipstick pipe. Wait for a few minutes - let the fluid drain down. Recheck the level again. Don’t overfill. Battery Check the battery condition visually. If you see any leaks, cracks or other damage, the battery needs to be replaced. Make sure the battery terminals are tight and not corroded. Corrosion at the battery terminals will cause poor connection, which can result in all kinds of problems, including a no-start. You may find the tips how to clean the battery terminals in your vehicle’s owner’s manual or online. Be careful, that white flaky corrosion stuff is very acidic. Windshield wipers Replace the wipers at least once a year or earlier if they don’t clean the windshield properly. If you still have the original wipers installed, you can just replace the rubber refills. Check if the windshield washer jets are working properly. Tires Check the tire pressure regularly - at least once a month. If you don’t have the tire pressure gauge, it’s worth to buy a good one. You can find the recommended tire pressure in the owner’s manual or on the tire pressure placard, which might be located on the driver’s door jamb, inside the gas tank lid or inside the glove box. Measure tire pressure when the tires are still cold Pump or deflate to the recommended pressure. The maximum pressure listed on tires is NOT the proper pressure! There is a safe limit of the tread wear. If the tire is worn below this limit, it’s unsafe to drive. Your owner’s manual has the direction how to measure tire wear or your mechanic can check your tires for you. Feel vibration at cruising speed? Have your tires balanced. Uneven tire wear indicates alignment problem. Improper alignment causes increased tire and suspension components wear and poor handling. If a car pulls aside, wanders or feels unstable on the road, have the alignment checked. Properly done alignment will make your car ride a lot more enjoyable. Tire rotation Front and rear tires wear at different rate and have different wear pattern. On a typical front-wheel drive vehicle, for instance, the front tires would wear out a lot faster than the rear ones if not rotated regularly. By rotating your tires regularly, you are making sure that your tires wear more evenly and last longer. Some manufacturers recommend rotating tires at every oil change, others may recommend to do it at different intervals. Tire rotation pattern is also different for different tires. It’s best to check your owner’s manual or call your local dealer for exact recommendations for your tires. BC


A20 36

Business Courage

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Of banking beyond the grave

M

All-Share Index crosses 35,000 mark since 2008 – NSE

T

he Nigerian Stock Exchange (NSE) reported last Friday that its AllShare Index crossed to 35,000 mark for the first time after the capital market crashed in 2008. The index appreciated by 606.95 points or 1.76 per cent to close at 35,109.33 on Friday from the 34,502.38 posted on Thursday. Similarly, the market capitalisation, which opened at N11.03 trillion, grew by N194 billion to close at N11.23 trillion as a result of price appreciation. Guinness led the gainers’ table by N7.87 to close at N274.02 per share. Dangote Cement appreciated by N6.80 to close at N185, while UACN inched by N5.88 to close at N64.68 per share. Total gained N5 to close at N143, while Nigerian Breweries rose by N1.49 to close at N161.50 per share. Analysts attributed the renewed interest in the equities to improved first quarter results released by some com-

panies this week They also attributed the new interest to the dividend of N1.50 and bonus of one for five shares proposed by UACN in the 2012 financial year. Conversely, Beta Glass topped the losers’ chart by 67k to close at N10 per share. Ashaka Cement dipped by 45k to close at N23.30, while ETI lost 24k to close at N15.21 per share. RT Briscoe dropped 18k to close at N1.62, while UBA Capital lost 12k to close at N1.08 per share. The volume of shares traded appreciated by 89.10 per cent due to the exchange of 573.47 million shares worth N5.41 billion in 4,958 deals. This was against the 303.26 million shares valued at N3.75 billion traded in 5,756 deals on Thursday. UBA was the toast of investors, accounting for 362.55 million shares worth N2.54 billion. BC

NB Plc raises profit as Nestle’s drops

T

he first quarter results of the Nigerian Breweries released at the weekend showed a profit after tax (PAT) N9.417 billion, a slight 0.2 per cent increase over the same period in 2012. While sales at N64.6 billion were up by five per cent year-on-year, Profit Before Tax (PBT) declined three per cent largely because of a nine per cent yearon-year growth in operating expense; that was in addition to a 150bp y/y decline in gross margin. A 10 per cent y/y reduction in the tax charge to N4.2 billion as a result of a lower effective tax rate of 30.7 per cent compared with 33.1 in Q1 2012 resulted in PAT coming in flat y/y. In terms of sequential trends, although sales grew 16 per cent q/q, profit before tax (PBT) and PAT declined by 26 per cent q/q largely because gross

margin fell 1,680bps. However, Nestle Nigeria’s first quarter (Q1) 2013 results Friday shows sales growing 7.1 per cent y/y to N30.7 billion but profit after tax (PAT) declined 2.9 per cent y/y to N5.995 billion. This was because Nestle booked N465 million in interest charges in Q1 2013 vs interest income of N505m in Q1 2012. Although operating expenses grew 11 per cent y/y, an expansion of 128bps in gross margin more than offset the trend in operating expense to lead operating profit higher by 9.8 per cent y/y to N7.5bn. However, because of the interest charge, profit before tax (PBT) came in at N7.1 billion, down four per cent y/y. A modest fall in the tax rate helped limit the decrease in PAT to just three per cent. BC

embers of the House of Representatives last week raised a very important issue concerning the billions of naira trapped in the accounts of deceased customers and remain unclaimed either due to ignorance of the existence of such accounts by the deceased relatives or more likely as a result of the huge difficulties in securing the required documentation to access such accounts. This is a problem that has existed for eons and not much has been said about it despite the sufferings and disappointment that relatives of deceased account holders go through, with some even wallowing in poverty despite the fact that they have millions of naira within reach. According to the legislators, some N100bn remain in such accounts and the banks have been contented with trading with these funds. The House has therefore mandated its Committee on Justice and Judiciary to liaise with the Chief Justice of Nigeria, CJN, Justice Aloma Mukhtar to relax the requirements for access to bank accounts of deceased persons by their next of kin and dependants. According to the lawmakers, this can be done by simplifying the process of obtaining Letters of Administration from the courts. Letters of Administration, by the way, is an instrument issued by a court or public official authorising an administrator to take control of and dispose of the estate of a deceased person. I cannot agree more with the lawmakers’ proposals, which will likely resolve a long standing problem that has actually worked against efforts to get Nigerians to use the banks and indeed negates the very essence of the savings culture, which is part and parcel of the Nigerian being. While it would be inaccurate to assume that banks deliberately sit on deceased customers’ funds, they do not appear to have actively sought to help beneficiaries access the funds either. I wonder how many banks routinely track owners of dormant accounts with substantial balances that cannot be reasonably assumed to have been abandoned. What sort of assistance or advice do they give to next of kin or other beneficiaries of deceased customers? Indeed, in a situation where some bank workers steal from living customers, moving huge sums from their accounts, what chance do the dead have in the hands of such crooks? I have personally learnt of instances where bank workers, upon learning that a particular customer is dead, clean up their accounts by generating

phony transactions thereafter. Such malpractices are encouraged largely due to the strict requirements for accessing deceased customers accounts especially the Letters of Administration, which must be issued by the courts. Of course, our courts are not particularly known for being efficient and palms have to be greased to get even the most routine things done. In Lagos State for instance, dozens of officials having to sign off at the Probate Registry in addition to the ridiculous requirement that the beneficiary has to pay a 10 per cent tax on the value of the estate being claimed upfront before such Letters of Administration. How many widows or other classes of account beneficiaries can afford such taxes on money that is yet to reach their hands? The more logical approach is that if taxes must be paid at all, it can be deducted at source just like withholding tax. Beneficiaries of bereaved contributors to the Contributory Pension Scheme, CPS, also experience same cumbersome process of getting Letters of Administration, as the lawmakers noted. In these cases, apart from getting the Letters of Administration, it is the National Pension Commission headquarters in Abuja that will have to give a final approval before such payments are made. This process, even with the most efficient Pension Fund Administrator, will usually take a year to conclude. While one hopes that the Chief Justice will take a look at this issue as part of the sweeping reforms of the Judiciary, which is already being carried out as promised during her inauguration, I think that Nigerians also have a take a more positive attitude towards making their wills to ease the burden of immediate family members who are the likely beneficiaries of bank and retirement savings account balances. The conventional wisdom is that anyone who has acquired some form of landed property and has dependants should make a will even if he is 30 years old. It is not a death sentence as many fear, rather it helps tidy up things, giving one a voice from the grave as it were and prevents some predatory members of the extended family from grabbing what does not belong to them under the excuse of tradition or whatever. The lawmakers should pursue the current effort to a conclusion and ensure that the simplified requirements and steps for obtaining Letters of Administration are published in order to empower future beneficiaries by demystifying the process. BC


National Mirror www.nationalmirroronline.net

Business Courage

Monday, May 6, 2013

A21 37

Dangote cement earnings rise by 79.5 per cent in Q1

D

angote Cement Plc has recorded a 79.5 per cent rise in its earnings per share for the first quarter of 2013. In its just released unaudited results for the three months ending March 31, the pre-tax profit also rose to N53.7 billion and increase of 80.6 per cent, indicating good returns on investment for its shareholders. The results came on the heels of new management decision to automate its operations and processes in order to respond more rapidly to its customers’ needs. The first quarter results which showed that strong increase in sales outpaced good market growth and improvement in margins is a confirmation of the Company’s promise last year that the management would not relent in its avowed commitment to ensure the Cement company remains the market leader. The Consolidated Group revenue in the financial highlights came up by 39.5 per cent to N95.4 billion, while the gross profits rose by 64.7 per cent to N66.0 billion. The Consolidated Earnings before interest and Taxation (EBIT) moved up by 77.8 per cent to N55.4 billion at 58.1 per cent margin. Chief Executive of Dangote Cement, Devakumar Edwin said the year has begun well for Dangote Cement and “Our 38 per cent increase in volumes far outpaced the Nigerian market’s

Edwin

strong growth of 16 per cent. Our gas supply has been better this year and that has driven margins upwards from the first quarter of 2012, when our new capacity at Ibese and Obajana were just coming on stream. We are increasing our focus on delivering directly to our customers and have made it easier for them to order and pay for our cement. This has allowed us to improve our position in the market and we remain confident of a good year”, he stated. Edwin told distributors and dealers of Dangote cement brand at a Customers Forum held in Lagos at the weekend that some of the new strategies involved the automation of some of its processes to remove bottlenecks in the product distribution process. One of the new moves by the management, according to him, is the Improved Sales Order Process (ISOP), a web applica-

tion, which the company had come up with in partnership with its bankers to speed up payment and product collection process across the country. Edwin explained that the decision to automate the payment and products collection process was informed by the need to reduce man hours and undue delay in the present process and fast track businesses for its customers. Edwin disclosed that the Company had approached the Ogun State government on its intention to rehabilitate roads around its Ibese plant saying that it was awaiting the response of the government as all arrangements have been concluded on the planned rehabilitation of three different roads in the host community areas as parts of its Corporate Social services. Taking the customers through the new payment and collection process, Adeola Akanda, Head of Application, Dangote Communication said the new application was developed to ease the payment and product collection procedure by reducing the delay inherent in the present order. With the new application, Akande explained that payments would now be done seamlessly with customized Dangote Cement deposit slip in the partnering banks and that all details as filled in the slip with the bank also reflects in Dangote data base in its offices. BC

Market Indicators for Week Ended 03-05-13 All-Share Index 33,159.08 points Market Capitalisation N11,225,230,428,678.72 Stock Updates GAINERS COMPANY

OPENING PRICE

UACN

CLOSING PRICE

CHANGE

58.80

64.68

10.00

AFRIPRUD

1.40

1.54

10.00

ETERNA

2.70

2.97

10.00

UBN

8.90

9.79

10.00

AGLEVENT

1.65

1.81

9.70

LOSERS COMPANY

OPENING PRICE

CLOSING PRICE

CHANGE

Nasdaq platform to start by third quarter, says Onyema

NEIMETH

0.80

0.72

-10.00

RTBRISCOE

1.80

1.62

-10.00

Johnson Okanlawon

IPWA

0.70

0.63

-10.00

T

UBCAP

1.20

1.08

-10.00

ROYALEX

0.61

0.55

-9.84

he Nigerian Stock Exchange’s NASDAQ OMX Group Incorporation trading platform will be operational by the third quarter of this year. The Chief Executive Officer of the NSE, Oscar Onyema stated this on Friday at the exchange’s Annual General Meeting that the system is currently being tested. The platform will allow the bourse to trade options in 2014 and futures in 2015 to help deepen the market. The bourse is targeting a $1trn market value by 2016 and the All-Share Index has advanced 23 per cent this year, the best performance in Africa after Ghana and Kenya. “We’ve seen a vote of confidence from foreign and local investors with regards to reforms that have taken place. The locals tend to be more momentum traders and so I believe

they’re coming back in a faster pace than the foreigners who were the thrust to actually start to get the market going,” Oscar said. According to him, domestic investors, who accounted for as little as 33 per cent of trading in 2011 after a market crash in 2008, have now flocked back to the exchange, overtaking foreign buyers with 58 per cent of volumes last year. He said that the bourse saw N14m of bonds traded on its retail investor platform last month, the highest amount since its February start. Trading was previously restricted to institutional investors through the over-thecounter market, where banks and brokers set prices with typical minimum trades of N100m. He said, “We’re not where we’d like to be. If you think there are five million investors

in the market place and if each one was to have balanced portfolios we should be seeing significantly higher numbers.” New trading floor licenses aren’t being considered after media reports that the Exchange is considering the applications from some global investment banks, Onyema said. “We’ve seen a lot of interest from foreign broker dealers that want to access the market there directly and we are engaging them and talking to them and trying to find a way to get them to participate in the market. It doesn’t mean they cannot buy other licenses,” he said. He added that the Exchange is waiting on guidelines to be approved by the Securities and Exchange Commission before it begins the process of demutualization and selling its shares. BC

Inter-Bank Rates TENOR

RATE%(PREV) 26-April-2013

CALL

10.2500 – 11.5000

RATE%(CURR) 02-May-2013 10.2500 – 13.0000

OBB

10.1000 – 11.8500

10.2500 – 12.6000

Primary Market Auction TENOR 91-Days

AMOUNT (N’mn) 24888.9

RATE (%) 10.35

DATE 25-April-13

182-Days

30000

12.09

25-April-13

364-Days

85730.42

12.25

25-April-13

Open Market Operation TENOR

AMOUNT (N’mn)

RATE (%)

DATE

230-Days

50,000

12.50

03-May-13

231-Days

10,000

12.50

02-May-13

226-Days

10,000

12.50

30-April-13

Wholesale Dutch Auction System AMOUNT OFFERED

AMOUNT SOLD

DATE

$300m

MARKET DEMAND $266m

$266m

17-April-13

$300m

$232m

$232m

15-April-13


A22 38

Business Courage

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

GTBank Plc: Renewing its target towards SMEs By Johnson Okanlawon

G

uaranty Trust Bank’s bottom line rose significantly in the 2012’s financial year on improved risk management and high corporate governance standards. Its net income, after deducting all expenses like interest, depreciation and tax, stood at N87.3 billionn, an increase of 69 per cent when compared to N51.7 billionn recorded in the corresponding period of 2011. The bank’s top line revenue increased by 22 per cent to N221.9 billion in 2012, from N182.4 billionn recorded in 2011, while profit before tax soared to N103 billion, from N62.1 billion recorded in 2011, representing 66 per cent increase. Speaking on the result, the bank’s Chief Executive Officer, Segun Agbaje, attributed the success to its adherence to a defined growth plan, high corporate governance standards and the cultural values for which it is known. He said these factors, coupled with a resourceful board, an indepth understanding of the market and the passion of the bank’s employees have enabled it grow market share and continue to avail its stakeholders with value adding services. Business strategies The financial performance of the bank was based on an aggressive acquisition of customers, commissioning of both traditional and e-branches, introduction of innovative product and services, improved system security and execution of business strategy by well trained staff. It maintained the culture of excellence with the use of world class enterprise-wide risk management systems and operation. The strategic steps taken by the bank translated into real and appreciable value, as the total dividend payout for the year grew by 41 per cent to 155 kobo as against 110 kobo paid during the preceding year financial period. Its products offer-

ing through introduction of seniors account which offer free banking for senior citizens from age 65 years and above broadened the bank’s savings income. The bank also created business division focused on Small and Medium Enterprises to identify and meet the peculiar financial needs of SMEs in the country. This division is critical because of the positive correlation between national growth and the performance of SMEs sub sector. Financial Health The financial year under review witnessed improved performance of the bank as major profitability indicators added substantial values. The difference between the bank’s revenue that is generated from its assets and the expenses associated with paying out its liabilities was higher than the figure recorded the preceding year figure. The bank’s net interest income increased by 39.5 per cent, from N98.5 billion recorded in 2011 to N130.7 bn in 2012. The bank adopted new accounting rules and disclosed huge goodwill write-offs. Loan impairment charges reduced to N738.8 million in the review period, from N19.50 billion recorded in 2011. Fees and commission income stood at N44.3 billion in 2012, from N43.5 billion in 2011, while fees and commission expenses dropped to N1.59 billion in 2012, from N1.84 billion recorded in 2011. The bank’s profit for the year which stood at N87.3 billion was driven by a 22 per cent growth in gross earnings to N221.9 billion, well ahead of expense growth of 10 per cent, as

However, the bank’s total financial obligations, including all creditor claims on assets increased by 5.03 per cent, from N1.38 trillion in 2011 to N1.45 trillion in 2012. This could be attributed to the bank’s drive to increase its customers and its investment in securities. For instance, deposit from customers stood at N1.15 trillion, as against N1.02 trillion recorded the preceding year, while current income tax liabilities and other liabilities stood at N15.6 billion and N80.9 billion, in contrast to N14.1 billion and N52.3 billion recorded the preceding year respectively.

Agbaje

the bank grew revenue from quality mix of earning assets. The directors of the bank have recommended a total dividend payment for the financial year of N45.6 billion, representing a dividend of N1.30 per 50 kobo share held and brings total shareholder receipts for the year to N1.55 per share, when added to the interim dividend payout of N0.25 per share the bank made last year. Asset Quality Analysis of the balance sheet showed that the

GT Bank Financial Data

2012 (‘Nm)

Gross earnings

N221.9bn

N182.4bn

Profit before taxation

N103bn

N62.08bn

39.7

Taxation

N16.34bn

N14.27bn

12.7

Profit from continuing operation N86.7bn

N47.8bn

44.9

Profit from discont’d operation

N3.938bn

N609m

2011 (‘Nm)

Change 17.8

Profit for the period

N87.29bn

N51.74bn

69

Non-controlling interest

N337.8

N537.9

59.2

Profit attributable to equity holders

N86.96

N51.20

41.1

Earnings per share

N3.06

N1.69

44.8

bank’s total assets appreciated substantially compared to the value recorded the preceding financial year. Total assets grew by eight per cent to N1.73 trillion in 2012, from N1.61 trillion recorded in 2011. Total assets and contingents stood at N2.26 trillion in the review period, from N2.14 trillion in 2011, an increase of eight per cent and six per cent respectively. Further analysis showed that deposit liabilities of the bank increased by 12 per cent to N1.15trn in 2012, reflecting a decent growth of N120bn from the N1.03trn closing position in the corresponding period of 2011. This growth in customer deposits fuelled the increase in the loan book as net loans and advances closed at N783.9bn, translating to a growth of 11 per cent over the N707.1bn in 2011. Shareholders’ funds increased from N230.4bn in 2011 to N283.4bn in 2012.

Managing Cost In terms of operation efficiency asset quality, the bank’s nonperforming loans ratio stood at 3.4 per cent, compared to 3.5 per cent in 2011, while cost-to-income ratio improved significantly to 42.7 per cent, from 52.9 per cent in 2011. Also, return on equity and return on assets closed at 33.9 per cent and 5.2 per cent, from the 23.2 per cent and 3.7 per cent recorded in 2011, respectively. The bank’s stance as an upstanding social citizen and commitment to full disclosure was further evidenced by its 2012 tax liabilities, which came to over N16.3 billion. Business Outlook The bank expects emergence of virile SMEs banking business, as it plans to support entrepreneurship in various sectors. This will drive the expected growth in the local economy as the bank also seeks to convert more of the unbanked population through increasingly accessible mobile money services. Besides, the bank will continue to explore the boundless opportunities inherent in the digital ecosystem by consolidating on the reach of the social banking platform, which enables customers to open their accounts online and perform money transfer. BC


National Mirror www.nationalmirroronline.net

Business Courage A23 39

Monday, May 6, 2013

STOCKWATCH Stock Exchange weekly equities summary as at Friday, May 3, 2013 SECURITY

PRICE (=N=)

AGRICULTURE/AGRO-ALLIED Crop Production FTN COCOA PROCESSORS PLC 0.50 OKOMU OIL PALM PLC. 100.00 PRESCO PLC 24.15 Fishing/Hunting/Trapping ELLAH LAKES PLC. NT Livestock/Animal Specialties LIVESTOCK FEEDS PLC. 2.68 CONGLOMERATES Diversified Industries A.G. LEVENTIS NIGERIA PLC. 1.81 CHELLARAMS PLC. NT JOHN HOLT PLC. 1.54 S C O A NIG. PLC. NT U A C N PLC. 64.68 CONSTRUCTION/REAL ESTATE Building Construction ARBICO PLC. NT CAPPA & D’ALBERTO PLC. NT Building Structure/Completion/Other COSTAIN (W A) PLC. 1.06 G CAPPA PLC NT Non--Building/Heavy Construction JULIUS BERGER NIG. PLC. 53.00 ROADS NIG PLC. 10.07 Real Estate Development PINNACLE POINT GROUP PLC NT UACN PROPERTY DEV 15.20 Real Estate Investment Trusts (REITs) SKYE SHELTER FUND PLC NT UNION HOMES REAL ESTATE INV NT CONSUMER GOODS Automobiles/Auto Parts DN TYRE & RUBBER PLC 0.50 Beverages--Brewers/Distillers CHAMPION BREW. PLC. NT GOLDEN GUINEA BREW. PLC. NT GUINNESS NIG PLC 274.02 INTERNATIONAL BREWERIES PLC. 20.65 JOS INT. BREWERIES PLC. NT NIGERIAN BREW. PLC. 161.50 PREMIER BREWERIES PLC NT Beverages--Non-Alcoholic 7-UP BOTTLING COMP. PLC. 50.00 Food Products BIG TREAT PLC NT DANGOTE FLOUR MILLS PLC 9.12 DANGOTE SUGAR REFINERY PLC 7.70 FLOUR MILLS NIG. PLC. 76.00 HONEYWELL FLOUR MILL PLC 2.86 MULTI-TREX INTEGRATED FOODS PLC NT N NIG. FLOUR MILLS PLC. 23.80 NATIONAL SALT CO. NIG. PLC 9.05 P S MANDRIDES & CO PLC. NT U T C NIG. PLC. 0.60 UNION DICON SALT PLC. NT Food Products--Diversified CADBURY NIGERIA PLC. 34.98 NESTLE NIGERIA PLC. 910.00 Household Durables BETA GLASS CO PLC. NT NIGERIAN ENAMELWARE PLC. NT VITAFOAM NIG PLC. 3.18 VONO PRODUCTS PLC. NT Personal/Household Products P Z CUSSONS NIGERIA PLC. 41.53 UNILEVER NIGERIA PLC. 58.65 Textiles/Apparel UNITED NIG. TEXTILES PLC. NT FINANCIAL SERVICES Banking ACCESS BANK PLC. 10.44 DIAMOND BANK PLC 6.13 ECOBANK TRANSNATIONAL INC. 15.21 FIDELITY BANK PLC 3.09 FIRST CITY MONUMENT BANK PLC. 4.50 GUARANTY TRUST BANK PLC. 25.70 SKYE BANK PLC 5.79 STERLING BANK PLC. 2.63 U B A PLC 6.92 UNION BANK NIG.PLC. 9.79 UNITY BANK PLC 0.66 WEMA BANK PLC. 1.34 ZENITH BANK PLC 20.20 Insurance Carriers, Brokers & Services AFRICAN ALLIANCE INS. COY. PLC NT AIICO INSURANCE PLC. 0.84 CONFIDENCE INSURANCE PLC NT CONSOLIDATED HALLMARK INS. PLC NT CONTINENTAL REINSURANCE PLC 1.10 CORNERSTONE INS. COY. PLC. 0.50 CUSTODIAN AND ALLIED INS. PLC 1.71 EQUITY ASSURANCE PLC. NT GOLDLINK INSURANCE PLC NT GREAT NIGERIAN INSURANCE PLC 0.50 GUINEA INSURANCE PLC. NT INTERCONTINENTAL WAPIC INS. PLC 1.12 INTERNATIONAL ENERGY INS. PLC 0.50 INVESTMENT AND ALLIED ARN. NT LASACO ASSURANCE PLC. NT LAW UNION AND ROCK INS. PLC. 0.50 LINKAGE ASSURANCE PLC 0.50 MANSARD INSURANCE PLC 2.40 MUTUAL BENEFITS ASSURANCE PLC. NT N.E.M INSURANCE CO (NIG) PLC. 0.71 NIGER INSURANCE CO. PLC. NT OASIS INSURANCE PLC NT PRESTIGE ASSURANCE CO. PLC. 0.63 REGENCY ALLIANCE INS. COY PLC NT SOVEREIGN TRUST INSURANCE PLC 0.50 STACO INSURANCE PLC NT STANDARD ALLIANCE INS. PLC. 0.50 UNIC INSURANCE PLC. 0.50 UNITY KAPITAL ASSURANCE PLC NT UNIVERSAL INS. COMPANY PLC 0.50 Micro Finance Banks FORTIS MICROFINANCE BANK PLC NT NPF MICROFINANCE BANK PLC 0.90 Mortgage Carriers, Brokers &Services ABBEY BUILDING SOCIETY PLC 1.43 ASO SAVINGS AND LOANS PLC 0.50 RESORT SAVINGS & LOANS PLC 0.50 UNION HOMES SAVINGS&LOANS PLC NT Other Financial Institutions CRUSADER ( NIG) PLC. NT DEAP CAPITAL MGT & TRUST PLC 2.02 FBN HOLDINGS PLC 19.55 NIG SEW. MACH. MAN. CO. PLC. NT NIGERIA ENERYGY SECTOR FUND NT ROYAL EXCHANGE PLC. 0.71 STANBIC IBTC HOLDINGS PLC 14.90 HEALTHCARE Healthcare Providers EKOCORP PLC. 4.80 Medical Equipment UNION DIAGNOSTIC &CLINICAL PLC 0.50 Medical Supplies MORISON INDUSTRIES PLC. 2.23 Pharmaceuticals EVANS MEDICAL PLC. 1.65 FIDSON HEALTHCARE PLC 1.53 GLAXO SMITHKLINE CONSUMER PLC 47.25 MAY & BAKER NIGERIA PLC. 1.80

NOTE NT=Not Traded on 03-05-13

QUANTITY

52 WK HIGH

52 WK LOW

SHARES OUTSTANDING

EPS

MOV. (%)

Previous

19 600 1 257 622 1 347 991

0.64 34.01 16.15

0.50 14.53 6.40

2 200 000 000 476 955 000 1 000 000 000

0.10 6.73 2.75

N/A 0.01 -1.43

0.50 99.99 24.50

NT

4.26

4.26

60 000 000

0.00

N/A

NT

1 023 700

1.70

0.48

1 199 549 736

0.11

6.35

2.52

331 250 NT 10 980 NT 224 837

2.54 7.60 8.82 8.28 42.50

0.74 5.81 5.32 5.52 28.70

2 191 895 983 963 900 300 389 151 408 821 666 666 1 600 720 323

0.08 0.24 0.00 0.35 6.89

20.67 N/A N/A N/A N/A

1.50 NT 1.54 NT 56.00

NT NT

26.00 95.49

14.09 95.49

148 500 000 196 876 000

0.00 4.50

N/A N/A

NT NT

200 200 NT

7.97 14.46

2.46 14.46

920 573 765 125 000 000

0.00 0.00

N/A N/A

NT NT

86 518 310

62.26 8.69

21.55 3.01

1 200 000 000 20 000 000

4.93 4.73

0.00 N/A

53.00 10.07

NT 229 796

7.28 20.15

7.28 8.82

1 375 000 000

0.00 1.66

N/A 1.33

NT 15.00

NT NT

100.00 50.00

97.00 50.00

20 000 000 250 019 781

11.75 0.75

N/A N/A

NT NT

2 666

0.50

0.50

4 772 528 415

0.00

N/A

0.50

NT NT 309 882 125 550 NT 1 671 774 NT

4.63 0.68 265.00 12.83 3.20 138.85 0.97

2.23 0.68 186.00 5.23 1.61 72.50 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 0.03 9.46 0.25 0.00 5.08 0.00

N/A N/A 8.29 N/A N/A 0.94 N/A

4.78 NT 253.04 20.65 1.33 160.00 NT

10 965

48.91

38.31

640 590 362

2.69

N/A

50.00

NT 248 703 7 424 776 81 713 1 005 500 NT 30 000 1 221 120 NT 114 500 NT

0.50 19.90 16.20 95.00 6.60 2.70 43.96 6.70 5.66 0.88 4.22

0.50 4.15 3.64 52.50 1.91 1.00 20.41 3.86 5.66 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

0.00 0.00 0.91 3.79 0.51 0.00 2.50 1.07 0.08 1.13 0.00

N/A 0.00 2.80 0.00 1.78 N/A N/A 0.56 N/A -13.04 N/A

NT 9.12 7.49 76.00 2.81 NT 23.80 9.00 NT 0.69 NT

40 000 000 1 233 375 004 360 000 000

315 310 482 302

29.20 684.00

9.15 367.83

3 129 188 160 792 656 250

1.35 25.43

8.60 1.34

32.21 898.00

NT NT 902 841 NT

15.58 42.66 6.75 3.67

10.03 34.39 3.01 2.66

63 360 000 819 000 000 300 000 001

3.90 1.61 0.54 0.00

N/A N/A -3.64 N/A

NT NT 3.30 NT

212 430 1 331 062

43.50 41.60

22.07 22.56

3 176 381 636 3 783 296 250

0.70 1.44

2.54 6.64

40.50 55.00

NT

0.97

0.57

843 284 027

0.00

N/A

NT

7 555 903 10 609 302 483 051 19 207 423 3 573 845 6 848 530 33 010 228 1 693 817 362 545 726 1 295 980 6 979 749 1 581 865 16 097 896

11.70 9.27 17.05 3.20 8.30 20.30 10.17 2.91 5.21 10.07 1.92 1.75 21.10

4.76 2.01 9.97 1.14 3.04 11.64 2.73 0.97 1.64 1.96 0.50 0.50 11.70

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

1.42 0.90 2.81 0.43 0.60 2.10 0.71 0.54 0.67 0.00 0.00 0.00 2.09

14.47 2.34 1.20 9.57 -4.26 0.59 4.14 8.68 0.44 8.78 0.00 -1.47 1.00

9.12 5.99 15.03 2.82 4.70 25.55 5.56 2.42 6.89 9.00 0.66 1.36 20.00

NT 7 219 123 NT NT 155 001 60 750 325 500 NT NT 10 000 NT 466 714 127 000 NT NT 123 965 123 965 451 000 NT 804 692 NT NT 466 714 NT 85 000 NT 60 000 708 026 NT 3 627

0.50 1.01 0.64 0.50 1.20 0.50 3.51 0.50 0.69 0.50 0.50 0.80 0.50 0.50 0.50 0.61 0.50 1.93 0.50 0.66 1.11 0.50 2.35 0.50 0.52 0.50 0.50 0.50 0.50 0.50

0.50 0.50 0.61 0.50 0.61 0.50 1.31 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.95 0.50 0.50 0.50 0.50 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 8 493 173 450 2 581 733 505 13 000 000 000 16 000 000 000

0.00 0.05 0.00 0.05 0.14 0.02 0.28 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.03 0.16 0.01 0.37 0.02 0.04 0.06 0.04 0.09 0.00 0.00 0.00 0.02 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 0.00 N/A 0.00 N/A N/A 0.00 N/A 0.00 N/A N/A N/A N/A N/A

NT 0.86 NT NT 1.04 0.50 1.69 NT NT 0.50 NT 0.93 0.50 NT NT 0.50 0.50 2.40 NT 0.71 NT NT 0.63 NT 0.50 NT 0.50 0.50 NT 0.50

NT 500 000

6.00 1.15

0.00 1.00

80 100 000 2 000 1

1.51 0.50 0.50 0.99

1.33 0.50 0.50 0.50

4 200 000 000 8 679 148 676 13 175 732 404 7 812 500 000

0.03 0.02 0.00 0.00

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

1.43 0.50 0.50 NT

NT 900 22 203 372 NT NT 114 237 18 498

0.61 2.02 19.60 0.15 552.20 0.66 13.36

0.50 2.02 8.50 0.15 555.20 0.50 6.40

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

0.00 0.00 3.03 0.00 12.65 0.00 0.87

N/A N/A -0.26 N/A N/A N/A 11.53

NT 2.02 19.60 NT NT 0.71 13.36

400

5.31

5.05

498 600 908

0.12

N/A

4.80

3 500

0.50

0.50

3 553 138 528

0.00

N/A

0.50

6 780

10.54

7.39

152 178 750

0.06

N/A

2.23

224 000 4 314 495 12 305 540 758

1.65 3.20 49.00 5.61

0.50 0.76 19.30 1.62

486 473 856 1 500 000 000 956 701 192 980 000 000

0.00 0.44 2.62 0.20

0.00 1.32 -3.57 -0.55

1.65 1.51 49.00 1.81

N/A=Not Avialable

0.01 0.07

NT 0.90

SECURITY

PRICE (=N=)

QUANTITY

NEIMETH INT PHARM PLC 0.72 145 780 NIGERIA-GERMAN CHEMICALS PLC. NT NT PHARMA-DEKO PLC. NT NT ICT Computer Based Systems COURTEVILLE BUSINESS SLN PLC 0.50 212 000 Computers and Peripherals OMATEK VENTURES PLC 0.50 1 000 Electronic Communications Services MTECH COMMUNICATIONS PLC NT NT IT Services NCR (NIGERIA) PLC. 17.00 2 300 TRIPPLE GEE AND COMPANY PLC. 2.29 1 146 Processing Systems CHAMS PLC 0.50 13 873 E-TRANZACT INTERNATIONAL PLC NT NT Telecommunications Carriers STARCOMMS PLC NT NT Telecommunications Services IHS NIGERIA PLC PREF SHARES NT NT IHS PLC 2.35 17 050 000 MTI PLC NT NT INDUSTRIAL GOODS Building Materials AFRICAN PAINTS (NIGERIA) PLC. NT NT ASHAKA CEM PLC 23.30 1 116 825 BERGER PAINTS PLC 7.50 44 604 CAP PLC 46.80 89 314 CEMENT CO. OF NORTH.NIG. PLC 8.70 115 146 DANGOTE CEMENT PLC 185.00 137 842 DN MEYER PLC. NT NT FIRST ALUMINIUM NIGERIA PLC NT NT IPWA PLC 0.76 1 112 980 LAFARGE WAPCO PLC. 77.00 141 282 PAINTS & COATINGS MANFACT.PLC NT NT PORTLAND PAINTS & PRDT NIG. PLC 1.87 87 259 PREMIER PAINTS PLC. NT NT Electronic and Electrical Products AUSTIN LAZ & COMPANY PLC NT NT CUTIX PLC. 1.46 405 500 NIGERIAN WIRE AND CABLE PLC. NT NT NIGERIAN WIRE IND. PLC NT NT Packaging/Containers ABPLAST PRODUCTS PLC. NT NT AVON CROWNCAPS & CONTAINERS 1.90 1 711 BETA GLASS CO PLC. 10.00 108 000 GREIF NIGERIA PLC NT NT NIG. BAGS MANFACT. COY PLC 2.70 2 717 101 POLY PRODUCTS (NIG) PLC. NT NT W A GLASS IND. PLC. NT NT Tools and Machinery NIGERIAN ROPES PLC NT NT STOKVIS NIG PLC. NT NT NATURAL RESOURCES Chemicals B.O.C. GASES PLC. 8.50 10 000 Metals ALUMACO PLC NT NT ALUMINIUM EXTRUSION IND. PLC. NT NT Non-Metallic Mineral Mining MULTIVERSE PLC NT NT Paper/Forest Products HALLMARK PAPER PRODUCTS PLC. NT NT THOMAS WYATT NIG. PLC. NT NT OIL AND GAS Energy Equipment and Services JAPAUL OIL & MARITIME SER. PLC 0.60 2 730 339 Integrated Oil and Gas Services OANDO PLC 15.30 1 167 154 Petroleum &Petroleum Products Distributors AFROIL PLC NT NT BECO PETROLEUM PRODUCT PLC 0.50 10 000 CONOIL PLC 23.00 54 916 ETERNA PLC. 2.97 10 297 FORTE OIL PLC. 14.24 133 897 MOBIL OIL NIG PLC. 114.00 23 661 MRS OIL NIGERIA PLC. 18.15 5 300 TOTAL NIGERIA PLC. 143.00 61 741 SERVICES Advertising AFROMEDIA PLC NT NT Apparel Retailers LENNARDS (NIG) PLC. NT NT Automobile/Auto Part Retailers R T BRISCOE PLC. 1.62 3 770 302 Courier/Freight/Delivery RED STAR EXPRESS PLC 4.00 413 425 TRANS-NATIONWIDE EXPRESS PLC. NT NT Employment Solutions C & I LEASING PLC. 0.55 409 646 Hospitality TANTALIZERS PLC 0.50 400 Hotels/Lodging CAPITAL HOTEL PLC 6.27 10 000 IKEJA HOTEL PLC 0.93 97 000 TOURIST COMPANY OF NIGERIA PLC. 4.53 100 TRANSNATIONAL CORP. OF NIG.PLC 1.50 27 080 317 Media/Entertainment DAAR COMMUNICATIONS PLC 0.50 10 000 Printing/Publishing ACADEMY PRESS PLC. 1.85 21 080 LEARN AFRICA PLC 2.20 857 726 STUDIO PRESS (NIG) PLC. NT NT UNIVERSITY PRESS PLC. 4.84 100 100 Road Transportation ABC TRANSPORT PLCPLC 0.80 1 300 886 Specialty INTERLINKED TECHNOLOGIES PLC NT NT SECURE ELECTRONIC TECH.PLC NT NT Transport-Related Services AIRLINE SERVICES AND LOGISTICS PLC 3.30 603 152 NIG. AVIATION HANDLING COY PLC 6.00 478 782 ASeM CONSTRUCTION/REAL ESTATE Property Management SMART PRODUCTS NIGERIA PLC NT NT CONSUMER GOODS Food Products MCNICHOLS PLC 0.97 11 000 Personal/Household Products ROKANA INDUSTRIES PLC. 0.60 500 HEALTHCARE Pharmaceuticals AFRIK PHARMACEUTICALS PLC. NT NT INDUSTRIAL GOODS Electronic and Electrical Products NT NT ADSWITCH PLC. 1.63 500 NATURAL RESOURCES Metals W.A. ALUM. PRODUCTS PLC. NT NT OIL AND GAS Petroleum & Petroleum Products Distributors ANINO INTERNATIONAL PLC. NT NT CAPITAL OIL PLC 0.50 20 000 RAK UNITY PET. COMP. PLC. NT NT UNION VENTURES & PET. PLC NT NT SERVICES Apparel Retailers UDEOFSON GARMENT FACT. NIG PLC NT NT Food/Drug Retailers and Wholesalers NT NT JULI PLC. 2.76 16 000 ETF’s Sector ETF NEWGOLD EXCHANGE TRADED FUND2 638.00 100

52 WK HIGH

52 WK LOW

SHARES OUTSTANDING

EPS

MOV. (%)

1.96 12.91 4.28

0.76 8.59 3.50

1 925 717 268 153 786 012 100 000 000

0.09 0.00 0.00

-12.20 N/A N/A

0.82 NT NT

0.52

0.50

2 960 000 000

0.10

0.00

0.50

0.50

0.50

2 941 789 472

0.00

N/A

0.50

0.91

0.91

4 966 666 668

0.00

N/A

NT

18.28 3.59

13.12 2.41

108 000 000 492 825 600

0.00 0.01

N/A N/A

17.00 2.29

0.50 4.97

0.50 4.04

4 620 600 000 4 200 000 000

0.00 0.04

N/A N/A

0.50 NT

1.47

0.50

6 878 478 096

0.00

N/A

NT

2.25 3.50 0.50

0.00 2.46 0.50

4 400 000 000 4 893 594 400

0.00 0.00 0.00

N/A N/A N/A

NT 2.35 NT

3.32 30.00 12.57 43.98 15.49 132.51 3.51 0.75 0.99 56.50 3.36 5.28 13.40

2.86 9.10 7.27 14.50 4.20 95.00 0.93 0.50 0.91 37.00 0.52 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

0.00 2.14 1.09 2.28 1.47 8.33 0.00 0.00 0.00 4.10 0.26 0.23 0.00

N/A -0.85 0.00 20.93 8.75 16.46 N/A N/A N/A 0.00 N/A N/A N/A

NT 23.50 7.50 38.70 8.00 158.85 NT NT 0.76 77.00 NT 1.87 NT

2.00 2.50 0.73 2.58

2.00 1.33 0.50 2.58

510 396 608 2 220 000 000 15 000 000

0.03 0.11 0.00 0.00

N/A -9.88 N/A N/A

NT 1.62 NT NT

3.98 6.91 12.71 15.03 3.60 1.86 0.63

3.98 2.19 9.53 13.28 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 0.05 0.05 0.90 0.24 0.22 0.00

N/A 0.00 N/A N/A

NT 1.90 10.67 12.68 2.70 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

9.20

5.70

393 120 000

0.76

0.00

8.50

7.75 12.39

7.75 10.55

75 600 000 100 000 000

0.00 0.43

N/A N/A

NT NT

0.50

0.50

4 058 989 226

0.00

N/A

NT

3.22 1.38

3.22 1.38

50 000 000 220 000 000

0.04 0.00

N/A N/A

NT NT

25 000 000 683 974 528

Previous

1.02

0.54

6 262 701 716

0.13

0.00

0.60

24.80

10.94

2 262 711 568

1.73

1.53

15.07

20.71 0.70 41.89 5.59 28.69 163.50 72.00 240.00

20.71 0.50 19.61 2.12 9.12 111.51 32.29 125.00

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 0.47 0.61 0.00 6.11 3.62 14.63

N/A N/A 0.00 2.77 0.00 -4.04 N/A -8.92

NT 0.50 23.00 2.89 14.24 118.80 18.15 157.00

0.72

0.50

4 035 497 307

0.00

N/A

NT

3.48

3.48

0.19

N/A

NT

3.65

1.12

980 294 400

0.21

-19.00

2.00

3.67 6.40

2.11 3.28

589 496 310 198 819 763

0.58 0.25

11.11 N/A

3.60 NT

1.64

0.85

865 808 912

0.08

N/A

0.53

0.75

0.50

3 211 627 907

0.01

N/A

0.50

8.00 2.59 4.76 1.95

3.00 1.16 4.31 0.50

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

0.18 0.92 0.00 0.22

N/A 24.00 N/A 0.00

6.27 0.75 NT 1.50

0.50

0.50

8 000 000 000

0.00

N/A

0.50

3.68 8.00 2.92 6.82

1.64 1.94 2.78 3.09

403 200 000 771 450 000 425 641 111

0.14 0.29 0.01 0.50

N/A N/A N/A 2.98

1.85 2.12 NT 4.70

0.80

0.50

1 507 000 000

0.00

N/A

0.67

5.15 1.88

4.90 0.80

236 699 511 5 631 539 736

0.00 0.03

N/A N/A

NT NT

2.78 11.75

1.54 5.15

634 000 000 1 230 468 750

0.38 0.81

N/A -0.83

3.29 6.05

1.43

1.04

45 000 000

0.12

N/A

NT

1.02

1.02

201 885 335

0.00

N/A

0.97

0.60

0.60

30 000 000

0.00

N/A

0.60

0.50

0.50

24 898 850

0.00

N/A

NT

1.88

1.63

125 005 250

0.00

N/A

NT 1.63

0.50

0.50

6 650 000

0.00

N/A

NT

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

0.50

0.50

20 000 000

0.00

N/A

3.05

2.76

194 700 000

0.00

N/A

NT NT 2.76

2 706

2 422

0.00

2 638.00


40

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

On your next visit to the land of peace...

Ghana

We’re there for your financial interest

ENERGYBANK

...supporting your aspirations +HDG2IĂ€FH GNAT Heights, 30, Independence Avenue, Accra www.energybankghana.com Contacts: info@energybankghana.com +233302234033-4, +233302234309


Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

41

Law & Justice nationalmirrorlaw@yahoo.com

“It is settled law that statutes which overreach the citizen’s right of access to court are subject to vey strict interpretation.” JUSTICE DAHIRU MUSDAPHER, RETIRED JUSTICE SUPREME COURT OF NIGERIA

Let’s disgrace bad judges, lawyers –Oke 44

Tobi, oracle of law 42

How S’Court barred Orin monarch from Ode-Ekiti farmland 46

Justice Mukhtar

Justice Talba

Talba: NJC can’t operate as appellate court –Yusuf Ali, Kalu, others About two weeks ago, the National Judicial Council (NJC) in an unprecedented decision suspended an Abuja High Court judge, Justice Abubakar Talba, from office for 12 months. The reason for his suspension, which was described as an improper exercise of discretion has generated criticisms among some Senior Advocates of Nigeria, EMMANUEL ONANI writes.

I

t is an established canon in the administration of justice that judges must endeavour, at all times, to exercise their inherent discretionary powers over matters before them “judicially and judiciously”. That way, justice will not only be seen to have been done, but be manifestly seen to have been done. Therefore, the failure of the court to abide by this time-honoured belief, may ultimately rob either of the prosecution, the accused or the society as a whole of justice. Thus, where a judge exercises his discretion rightly or wrongly, its effect is bound to be felt by the parties. It was against this backdrop that the National Judicial Council, (NJC), in its wisdom, on Friday April 26, wielded the suspension hammer on a judge of the Federal Capital Territory, FCT, Justice Abubakar Talba. Some Senior Advocates of Nigeria (SANs) have, however, disagreed with the action of the NJC, saying the decision on whether or not a judge exercised his discretion “judicially and judiciously”, rests with a superior court; not with an administrative body. The unanimous contention of these lawyers came on the heels of a statement signed by NJC’s Acting Director of Information, Mr.

Soji Oye, announcing the suspension of Justice Talba, for failing to “exercise his discretion judicially and judiciously”, in respect of the sentence he handed down to the convicted police pension thief, Mr. John Yakubu Yusufu. Yusufu was charged with an “illegal act” of conspiring with others to steal over N23 billion pension funds; being money meant for police retirees. Specifically, he pleaded guilty to counts 18, 19 and 20, of the amended charge preferred against him by the Economic and Financial Crimes Commission, EFCC. After pleading “guilty”, Justice Talba sentenced him on January 28, to a prison term of two years, with a fine option of N750, 000; he

IT IS ONLY A COURT OF LAW THAT CAN DETERMINE WHETHER OR NOT A DISCRETION HAS BEEN EXERCISED JUDICIALLY AND JUDICIOUSLY

was said to have fulfilled the fine obligation shortly after the verdict, and thus, walked away a free man. Expectedly, there was a massive public outcry and condemnation of the lighter punishment imposed on Yusufu. It would be recalled that the anti-graft agency had charged the convict under Section 309 of the Penal Code, after withdrawing the earlier 10-count charge brought against him under Section 315 of the Penal Code. Interestingly, the initial law attracts a maximum jail term of 14 years. NJC’s decision, according to the statement, was a culmination of the investigation carried out by its “Fact Finding Committee”, which was commissioned on February 20, after the council’s emergency meeting on the petition and public outcry that greeted Yusufu’s sentence. Its action, it further stressed, was pursuant to “the exercise of its disciplinary powers under the 1999 Constitution of the Federal Republic of Nigeria as amended.” The statement reads in part: “The National Judicial Council under the Chairmanship of the Hon. Chief Justice of Nigeria, Hon. Justice Aloma Mariam Mukhtar, GCON, at its meeting which was held on 24th and 25th April, 2013 suspended Hon. Justice Abubakar Mahmud Talba of the FCT High Court from office for a period of twelve months without pay. “Hon. Justice Talba was suspended from office sequel to the Findings by Council that he did not exercise his discretion judicially and judiciously with regard to the sentences he passed on one of the accused persons, Mr. John Yakubu Yusuf in the Police Pension case of FRN Vs Esai Dangabar and 5 Ors. “It would be recalled that the National Judicial Council at its Emergency Meeting which was held on 20th February, 2013 set up a Fact Finding Committee to investigate the allegations levelled against Hon. Justice Talba in the Police Pension case of FRN Vs Esai Dangabar and 5 Ors. “The National Judicial Council, in the exercise of its disciplinary powers under the 1999 Constitution of the Federal Republic of Nigeria as amended, also issued serious warning to Hon. Justice Talba to desist from unreasonable exercise of judicial discretion in all matters brought before him.” It is pertinent to underscore the fact that Justice Talba is not the first “casualty” of what seems to be an ongoing “cleansing and purification” in the judiciary, under the leadership of the first female CJN, Justice Mukhtar. Precisely on February 20, the Mukhtarled NJC recommended the retirement of Justice Charles Archibong of the Federal High Court, Lagos to President Goodluck Jonathan. This was even as it recommended the dismissal of another judge of the Plateau state judiciary, Justice Thomas Naron. Archibong was sacked upon discovery “That there were glaring procedural irregularities which showed that Hon. Justice Archibong did not have a full grasp of the Law CONTINUED ON PAGE 42


42

Law & Justice

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

’Only higher court can set aside wrongful exercise of discretion’

Kalu

CONTINUED FROM PAGE 41 and procedure of the Court.” In the same vein, NJC’s axe located Naron because he engaged in “constant and regular voice calls and exchange of mms and sms(text messages between Hon. Justice Naron and one of the Lead Counsel for one of the parties to the Suit in the Osun State Gubernatorial Election Tribunal contrary to the Code of Conduct for Judicial Officers of the Federal Republic of Nigeria vide Section 292(1((b) of the 1999 Constitution of the Federal Republic of Nigeria as amended.” Notwithstanding the determined moves by the current leadership of NJC to sanitise the system, some Senior Advocates of Nigeria, SANs, have argued that it is only a court of superior record, not an administrative body that has the constitutional power to decide whether or not a judge exercised his discretion judicially and judiciously.

Tobi, oracle of law FRANCIS FAMOROTI HEAD, JUDICIARY

J

ustice Niki Tobi is a retired Justice of the Supreme Court who is often acclaimed for his erudition and wide knowledge of legal principles of Nigerian jurisprudence. The jurist has made the country proud through his contributions to the development of law in the country. A prolific writer who initially made his marks in the academics before joining the Bench, he was the Dean of the Faculty of Law, University of Maiduguri (UNIMAID). He later became the Deputy Vice-Chancellor (Academic Services) in UNIMAID. After a stint in the academics, Justice Tobi joined the Bench in 1985 as a Judge of the High Court of Rivers State where he served till 1990. He was elevated to the Court of Appeal Lagos in 1990 and served there till 1993. He was later moved to Enugu Court of Appeal in the same 1993. Tobi was further elevated to the highest Bench as a Justice of the Supreme Court in 2002 following the retirement of Justice Adolphus Karibi- Whyte from the apex court. His wealth of experience, without doubt, aided his performance at the Bench. As a brilliant law teacher and lawyer, he represented towering excellence at the apex court. The profile of the jurist would be incomplete without alluding to the fact that he is a man who excelled in two difficult worlds. One of his kinsmen once said ‘’He was excellent in the

Ali

SINCE THE NJC DID NOT OPERATE AS A COURT, IT COULD NOT SIT IN JUDGEMENT OVER THE PROPER OR IMPROPER EXERCISE OF DISCRETION According to a former Attorney- General (AG) of Abia state Dr. Awa Kalu (SAN), said:”My view on the matter is that the National Judicial Council is not an appellate court; it is only a court of law that can determine whether discretion has been exercised judicially and judiciously. “It is a legal matter and not a disciplinary matter”, he added. Expressing similar sentiment, Mallam Yusuf Ali (SAN) academic world as a lecturer and became a reference point in the legal world. This legal icon and academic guru has proved that beyond oil resources, the people of Niger Delta are extra ordinarily gifted.’’ The Vice-President Namadi Sambo during the launch of two of Tobi’s books about two years ago had cause to describe him as “a rare Tobi gem whose legal competence stands him out among his contemporaries in the country’s judiciary.” Among the list of cases the jurist had handled on the Bench where he delivered the lead judgment was Festus Ibidapo Adesanoye. v. Prince Francis Gbadebo Adewole SCN (2006). In Onagoruwa v. IGP, Justice Tobi declared; “Nigeria is a democracy and by the grace of Almighty God, it will remain a democracy for all times. The foundation of any democracy is anchored on the rule of law both in its conservative and contemporary meaning. Putting it naively, we are paid mainly and essentially to uphold the rule of law in the entire polity. And so once we fail to uphold the rule of law, anarchy, despotism, and totalitarianism will pervade the entire society. The social equilibrium will be broken. Law and order breaks down…We as judges cannot afford to see the society decay to such irreparable level. We must rise up fully to our duties by vindicating the tenets of the rule of law in our practised democracy.’’ He was the Chairman of the Presidential Election Petition Tribunal that validated the April 2007 election of Umaru Yar’Adua and Goodluck Jonathan.

noted that, since the NJC did not operate as a court, it could not sit in judgement over the proper or improper exercise of discretion. Ali said: “Well, when it comes to the functions of the court as given to it by the constitution, it can only be exercised within the four walls of the court, and once a Judge exercises his discretion, only a higher court can set it aside; that is, if the discretion of the lower court was wrongly exercised. “The NJC cannot, since it is not sitting as a court”, he asserted. Another SAN, Sir Mike Ahamba simply warned: “We have to be very careful, otherwise, we have administrative appeals over judicial decisions; one cannot forecast the limit to which an administrative thinking can go in the control of exercise of judicial functions.” A Makurdi-based SAN, Mr. Jubrin Okutepa also criticised the NJC’s decision saying that ‘’the suspension of Justice Talba is uncalled for, it is unjust and there was no basis for it. There is no evidence as far as I am concerned that the judge took bribe, neither is there any evidence that he was influenced outside the law.’’ However, Access to Justice (AJ) in a statement noted that the decision to suspend Talba from office for a oneyear period without pay was likely without precedent in all of Nigeria’s history. According to the statement by the AJ’s Executive Director, Mr. Joseph Otteh, ‘’Hon Justice Talba has a fresh chance to reappraise his own place in the judiciary: he should resolve the difficult choices placed before him in manner that can be redemptive, both for himself and the judicial institution and salvage whatever can be salvaged from this situation. ‘’ What has happened has diminished his moral standing and authority and would adversely affect perceptions court users would have of his forthrightness and autonomy. AJ praised the courage of the CJN and noted that ‘’there is so much more that needs to be done to lift up the Judiciary from the doldrums and make the institution relevant for Nigeria’s future.’’

LEGAL TIPS

CRIMINAL TRIAL

•A Criminal trial commences when an accused appears or is brought before the court. The charge shall be read and explained to him to the satisfaction of the court by the Registrar. He shall thereafter be asked to plead to the charge. This is called arraignment.

Options open to an accused •Preliminary objection He may raise a preliminary objection to the jurisdiction of the court to try him or a defect in the charge. His objection shall be duly considered and if upheld, he shall be discharged. However, if overruled, then he shall be asked to plead. •Refusal to Plead He may refuse to plead to the charge. He shall thereafter be asked by the court to state his reasons. Where the court is the view that those reasons are not valid and the accused still refuses to plead, a plea of ‘’’not guilty’’ shall be entered on his behalf and the trial shall proceed. •Stand Mute He may stand mute and the court shall call evidence to determine whether his muteness is of malice or due to visitation of God. If the court finds out that his muteness is of malice, a plea of not guilty shall be entered and the trial shall proceed. However, if his action is due to visitation of God (e.g. insanity), the trial shall not proceed and the accused shall be ordered to be detained until the pleasure of the Governor is known. •Plea Guilty Where an accused pleads guilty, it shall be recorded by the court. The judge or magistrate will then follow the laid down procedure before convicting him. Written by Francis Famoroti, Head, Judiciary. We welcome feedback and reactions from readers via our e-mail: nationalmirrorlaw@yahoo.com


44

Law & Justice

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

THE ONLY SOLUTION TO CORRUPTION IN THE JUDICIARY IS TO DISGRACE BAD

JUDGES, INCLUDING COLLABORATING

LAWYERS, THROUGH THE

NJC AND THE NBA

Let’s disgrace bad judges, lawyers, says Oke Oke

Dr Yemi Dr. Ye i Oke is an a international i ter atio al legal co consultant s lta t with ith specialisatio specialisation iin Electricit Electricity La Law a and dE Energy erg Resources. He obtained his PhD degree from Osgoode Hall Law School, York University, Canada. He was, at various times, senior counsel in leading law firms in Nigeria including Chief Rotimi Williams’ Chambers; Babalakin & Co; and Olaniwun Ajayi & Co before joining the University of Lagos (UNILAG) as a senior lecturer. In this Interview with KAYODE KETEFE, Assistant Head, Judiciary, he speaks on diverse legal issues. Excerpts. How can law be used as an instrument to curb corruption menace in Nigeria generally? I must admit that law as an instrument of social engineering, has it limits. This is because law has never proved to be the magic wand for corruption-free society. If law is effectively deployed and enforced, it will definitely serve as the most effective instrument of social ordering. For law to curb corruption in Nigeria, we must look at a “selective justice” by punishing the rich harshly, in comparative terms, more than the poor. The law punishes the poor for stealing goat, snatching cars of the rich, among others. The rich tends to get away with their brand of crime, which is largely corruption and embezzlement of public collective goods

or assets. The insatiable thirst of the elite for wealth is the basis of corruption. Mismanagement of public good created a misfit situation in which the disadvantaged masses get push to desperately look for means to survive, including resort to crime. Would you say the issue of energy crisis has some legal solutions to it or is it entirely political? Energy crisis needs legal and political solution. Take the Manitoba issue as an example. Manitoba Hydro International (MHI) had a clear contract with the Federal Government; they had a clear mandate and very clear on what they are supposed to do, but the bureaucrats did not let them do what they were supposed to do. The Federal Government has threaded carefully

as a result of local and international outcry against its attempt of the Government to revoke the contract. It has claimed its casualties, the Minister of Power is gone, and the Director of Public Enterprise is gone. It has really claimed a number of casualties quietly and overtly, but it is better for the country. However, let us pray we get it right and put our house in order. MHI is the Canadian company with which the Federal Government had contractual agreement to manage power transmission in Nigeria with the terms of the contract including staffing and management of key departments of Transmission Company of Nigeria (TCN) such as the Systems Operations, Transmission Service Provider, National Control Centre, Information Technology and Market

Operation. Operation What reform would you recommend to improve the regime of electricity generation, distribution and consumption in Nigeria? While some countries have stepped-up their electricity regulatory frameworks through various energy options and incentives amongst others things; Nigeria appears to be receding rather than accelerating in the quest for the much-desired stable electricity in the country. The Constitution leaves no doubtful impression of a decentralised electricity regime in Nigeria. The Nigerian Constitution places electricity generation, transmission and distribution on the Concurrent Legislative List- to enable the Federal and State Governments partner in production of sustainable electricity. What obtains in practice however clearly depicts the opposite of a decentralised regime envisaged by the Constitution owing to needless federal dominance in electricity governance, which permeates off-grid power generation systems such as rural electrification and captive elec-


National Mirror www.nationalmirroronline.net

Law & Justice

Monday, May 6, 2013

I WILL SUGGEST THAT WE REVERT TO

PARLIAMENTARY SYSTEM OF GOVERNMENT, LIKE UK AND CANADA AND THE CURRENT NATIONAL ASSEMBLY SHOULD BE PRUNED nami” sanitisation should continue and be sustained. The only solution is to disgrace erring judges, including collaborating lawyers, through the National Judicial Council and the Nigerian Bar Association. The Bench is not, and should not, be an avenue for money-making. It is for decent, contented ones who have a calling to do nothing but justice. Justice should neither be bought nor sold, no matter the temptation. How would you rate the Nigerian Judiciary in general in terms of attainment of justice administration? I would give them 50 per cent in terms of performance. That is average, it must be added though, that the score sometimes oscillates around the average. Justice is being delayed and denied in many instances. There is need to rework the operationalisation of our judicial system to be able to respond to contemporary challenges of social and economic development. How would you assess human rights records of President Jonathan? Human rights is really not a challenge of the Jonathan administration, but corruption and terrorism. In terms of human rights, I think the current administration has performed above average. No serious abuses of human rights have been recorded, save for accusations and counter-accusations of extra-judicial killing of some members of the Boko Haram sect. you may recall that the present administration gave Nigerian Freedom of Information Act, which Nigerians are yet to really put to test after hyped expectation of the law. That’s not Jonathan’s problems, but that of the generality of Nigerians. tricity generation. State Governments should undertake off-grid electricity regulation like rural electrification, captive generation and other forms directly, and/or in collaboration with the Federal Government as envisaged by the Constitution. Nigerians await effective implementation of the Constitution through a genuinely decentralised electricity governance model that will eventually lead to the establishment of state electricity regulatory institutions. State electricity regulatory commissions should be able to license private companies to engage in off-grid electricity generation, transmission and distribution (including renewable electricity), captive electricity generation, rural electrification and

others as provided by the Constitution. If the ultimate objective is to ensure regular supply of power for economic development, the Federal and State Governments must act as collaborators, not as competitors, in terms of electricity governance in Nigeria. Do you share the view that there is a lot of corruption in the Nigerian Judiciary? How best can the problem of corruption in the judiciary be tackled? I will be first to admit that there is corruption in the judiciary, like every aspect of the Nigerian polity. This is why I am glad at the retirement or dismissal of some Judges by the Chief Justice Aloma Mukhtar recently. I honestly think the ‘Tsu-

There are ongoing activities to amend the 1999 Constitution, if you are asked to suggest one or two areas that need urgent amendment, what will be your views? First, I will recommend regionalism. I will also suggest that we revert to Parliamentary System of Government, like UK and Canada. The current National Assembly should be pruned down. It will be more appropriate if we have one senator per state. These are to work on part-time basis to undertake or perform mainly advisory roles. Members should be men and women of proven records. The House of Representatives should consist of four or representatives per State.

45

What is your view on the falling standard of education? I will not admit that the standards are falling. I would rather say that the educational system has grown and public educational institutional is no longer adequately funded to sustain the standards. The curricula have changed. If you engage children of nowadays in discussion, you would discover that their levels, in relative terms compared to when we were of their age, have gone up. Of course there are schools that have gone from bad to worse. There are also Nigerian schools that have produced globally-acclaimed students. It is a question of where one stands in the divide. There are very good schools (which though are expensive) where standards are going up on daily basis. There are also bad schools, very cheap and sometimes free or publicly-funded, where standards are falling daily. So the generalisation may not be helpful. The problem of brain drain, especially among the academics, has been ongoing for decades; what omen does this signify for the country’s quest for development? My response to that phenomenon is both good and bad omen. Good in the sense of knowledge exchange and repatriation of foreign capital. I must also add that a lot of Nigerian experts and scholars are returning home since there are increasing opportunities at home with the springing-up of private universities and enhanced, but still inadequate, pay of University teachers. It is bad on accounts of the loss of highly-skilled manpower to Nigeria. Are you satisfied with the ratio allotted to academics at present in the appointment of Senior Advocates of Nigeria every year? I am not satisfied at all. In other countries, academics get more slots. They write books and other materials that lawyers and judges deploy. A brief at the Court of Appeal and Supreme Court of less than the worth of a seminar on our LL.M class for instance. For sure, it is less in value compared to a well-written journal article in established foreign or local journals. This is aside books and other published works. In terms of productivity, academic lawyers would have worked 700per cent more in comparison to the work of a practising lawyer even to be noticed as deserving of the award. That’s why our colleagues combine both and go for the one that best meets their target in terms of speed of actualisation. We should encourage legal academics to submit papers to be examined for SAN as a legal practitioner and/or legal academics simultaneously. Non-teaching legal writers and authors should also be allowed to explore SAN application based on their publications and/or number of cases. This will create level-playing field and bring about healthy competition in the legal profession. Not all academic lawyers are in the classroom.


46

Law & Justice

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

How S’Court barred Orin monarch from Ode-Ekiti farmland The Supreme Court, in its 1974 verdict 39 years ago, over a land dispute between Oniran of Orin in Ekiti State and a community leader, Chief Aderibigbe Jeoba, set aside the decision of the lower courts. The apex court also barred the Orin monarch from further exercising dominion over a piece of farmland at Ese Itaoloke in Ode- Ekiti. FRANCIS FAMOROTI, Head, Judiciary writes.

O

rin is a small community within the neighbourhood of Ikole-Ekiti in the present day Ekiti State. Sometimes in early sixties, the then Oniran of Orin, Osanyinlusi, and a community leader, Chief Aderibigbe Jeoba were embroiled in a dispute over a parcel of land in Ode Ekiti. This dispute led to a legal battle between Jeoba and the Oniran at an Akure High Court. In the summons, the plaintiff claimed that the Oniran was the head of the Orin Quarter of Ikole-Ekiti and was sued as representing the Orin Quarter of Ikole-Ekiti. Specifically, Jeoba sought against the monarch among others, a declaration of title to the piece or parcel of farmland situate and being at Ese-Itaoloke in Ode Ekiti and more particularly described on the plan edged red on survey plan No. 1154; £50 general damages for trespass committed by the defendant, his servants and/or agents on the said land; and an injunction restraining the defendant, his servants, agents and all those deriving title through him from committing further acts of trespass. At the hearing on April 27, 1964, both the plaintiff and the defendant were present and were both represented by their lawyers. Pleadings were ordered and were duly delivered. Indeed, there was a meeting point by both parties that defendant had exercised dominion over the land by placing tenants on the land for over 15 years and these tenants planted cocoa, kola nut trees and cash crops. On three occasions between November 13, 1967, and May 7, 1968, when the case was listed before the court for mention, a counsel, Mr. Ajibade appeared for the defendant. At the hearing on December 4, 1968, the court was informed that the defendant was ill. On May 15, 1969, the court was told by the defendant’s counsel that he had died. However, on September 21, 1970, the plaintiffs applied to the court to substitute one Osho Owonifari (the present defendant) for the deceased. The application was granted on April 19, 1971. When the hearing started on April

FAMOUS CASES 20, 1971, the plaintiff testified that he sued the defendant’s father, the Oniran of Orin village and that the defendant’s father was dead. The plaintiff said he substituted the defendant’s for his father because he had started collecting Ishakole from Akoko tenants on the land in dispute. In his testimony, Owonifari raised an objection against the suit and said the late Oniran was his father and following his death, he agreed to be substituted as the defendant in the present suit. However, the defendant’s counsel submitted inter alia that the original defendant, Chief Oniran of Orin-Ikole, was not a juristic person. Besides, he argued that the supposed defendant was merely the name of an office held by a person. The counsel therefore submitted that as originally constituted in the suit there was no defendant known to law, and that when Oniran died, it was impossible to substitute a person for a nonexistent defendant. The trial judge then ruled that the plaintiff ’s claims be struck out and that there was no defendant before the court, nor a surviving cause of action against Chief Oniran. The judge also held that the present defendant (a legal person) could not be made to replace a non-existing person. The plaintiff filed an appeal to the Western State Court of Appeal against this decision and it was dismissed by a majority of two to one (Fakayode, J.A. dissenting). Dissatisfied, Jeoba further lodged an appeal at the Supreme Court. Chief J.A. Adeyefa led two other lawyers to argue the appeal. The panel of the court are; Justices George Baptist Ayodola Coker; Atanda Fatayi-Williams; and Ayo Gabriel Irikefe. In the lead judgement delivered by Justice Fatayi-Williams on October 25, 1974, the apex court said it was not persuaded by the argument that the use of Oniran of Orin as a defendant was only a misnomer. ‘’ We feel unable to accept this argument for the simple reason that misnomer, in this connection, means the use of wrong name of a legal person whereas the position here was that there was no legal person at all for which a wrong name could have been used. What was used here was the name of an office and not the name of a legal person.

Justice Irikefe

THE SUPREME COURT SAID THE EXISTENCE OF THE

ONIRAN OF ORIN AS A NATURAL PERSON WAS UNMISTAKABLE THROUGHOUT THE HEARING OF THE CASE ‘‘The name of the office was correctly stated as Chief Oniran of Orin. No one has said that this was the wrong name of the office stated as defendant and therefore there can be no question of misnomer on the facts of this case.’’ The Supreme Court declared that the trial judge and the Western State Court of Appeal committed the grave jurisprudential error of stating that Chief Oniran of Orin could not be sued because he was not a legal person. ‘’From the above, it is indisputable that the original defendant - Chief Oniran of Orin - is a natural person and not a legal person. That being the case, he could not, in his lifetime, be described, as both the learned trial judge and the Western State Court of Appeal had done, as a non-existent person.’’ Besides, the Supreme Court said the existence of the Oniran of Orin as a natural person was unmistakable throughout the hearing of the case. The record of proceedings, the apex court held showed that he was present in court on April 27, 1964 when the case was first listed. ‘’He accepted service of the plaintiff ’s statement of claim and filed his defence thereto. His death thereafter was reported to the Court by his counsel and this was confirmed by the plaintiff himself in his testimony before the court. His son was

substituted for him by order of court and he too confirmed his father’s death on oath. In any case, the defendant was sued in a representative capacity and his son also defended the action in that capacity throughout. ‘’ In the face of all these facts, we think, with respect, that by referring to the deceased defendant as a non-existent person, both the trial judge and the Western State Court of Appeal appeared to have been indulging in a flagrant form of make-believe.’’ It is manifest that the plaintiff sued the original defendant by the name he was generally known. Indeed, the record of proceedings shows that all the witnesses called by both sides referred to him as Oniran. Justice Atanda-Williams said ‘’ manifestly, the misnomer, if any, has been rectified by the substitution of Osho Owonifari (the present defendant) for the Oniran of Orin. The Supreme Court declared that the appeal save for the amendment which it had ordered, must succeed ‘’ and it is, therefore, allowed. ‘’ It accordingly set aside the judgement of the learned trial judge in Suit No. AK/25/64, including the order as to costs, delivered on May 15, 1971. The judgement of the Western State Court of Appeal affirming the verdict was equally quashed as well as its order for costs. Instead, the court ordered among others, that the plaintiff should be granted declaration of title to all that piece of farmland situate at Ese-Itaoloke in Ode Ekiti and more particularly edged red on survey plan No. 1154; and that the said plaintiff be and is hereby awarded £50 (N100.00) as damages for trespass committed by the defendant, his servants and/or agents on the said land. It also declared that the said defendant, his agents and all those claiming title through him are hereby restrained from committing further acts of trespass on the said land.


National Mirror www.nationalmirroronline.net

Monday, May 6, 2013

47

World News

Israel strikes Syria, targets Hezbollah arms

48

“The help and assistance from the U.S. is for our National Directorate of Security. That is state-to-state, government-to-government regular assistance”” –AFGHANISTAN PRESIDENT, HAMID KARZAI

Suicide car bomber kills seven in Somali capital PAUL ARHEWE

WITH AGENCY REPORTS

S

even people were killed yesterdays morning when a suicide bomber attempted to ram a car laden with explosives into a military convoy escorting a four-member Qatari delegation. Gen. Garad Nor Abdulle, a senior police official said the members of the Qatari delegation who were being escorted in the interior minister’s convoy were unharmed and safely reached their hotel. Abdulle said the interior minister was not in the convoy. Mohamed Abdi, an officer at the scene of the blast, said four civilians and a soldier died immediately. Another two people died in hospital and 18 were being treated of wounds from the blast, said Dr. Duniya Mohamed Ali at the Medina hospital. The Qatari delegates are involved in development projects in Mogadishu, Somali president Hassan Sheikh Mohamud said. Mohamud blamed al-Qaidalinked Somali militant group alShabab for the attack. He said “suspects” have been

Somali security officers carrying a wounded civilian after the suicide car bomb blast in Mogadishu, yesterday. PHOTO: AP

arrested. After the explosion soldiers fired in the air to disperse crowds that had gathered at the blast site at the busy KM4 junction. Separately, four Somali soldiers were wounded Sunday when a roadside bomb struck a government vehicle in Deynile district, in Mogadishu’s northwest, said Ali Jimale, a captain

with the Somali police. The Somali government reopened key roads in the Somali capital, Mogadishu, four days ago which had been closed for security reasons. The roads were closed after the government received intelligence that militants were planning attacks, officials said. KM4 is among the busiest roads in Mogadishu, largely

One die, 44 injured in Tanzanian church explosion

A

woman died and 44 people were seriously wounded when a bomb exploded in a Roman Catholic church in northern Tanzania, police said yesterday. The woman died in the hospital as a result of the bombing in the Arusha church just before Mass, which was attended by the papal envoy to Tanzania, said Magesa Mulogo, the regional police commissioner of Arusha. Mulogo said eyewitnesses report that the bomb was thrown from a motorcycle into the church. Mulogo said the

driver of the motorcycle has been arrested. The Vatican’s ambassador to Tanzania, Archbishop Francisco Montecillo Padilla, was attending the official opening of the church when

the explosion occurred. He escaped unhurt. Mulogo said the motive of attack is not known, but Tanzania has, in the recent past, experienced sectarian violence between Christians and Muslims.

Wounded churchgoers lying on the ground as Roman Catholic nuns run for cover after the blast at the Church in Arusha, Tanzania, yesterday. PHOTO: AP

used by government officials and African Union forces. It connects the presidential compound and other government offices to the airport. The car bombing falls into a pattern of attacks blamed on the Islamic extremist group al-Shabab, which has been pushed out of much of the areas it occupied in South and Central Somalia by African Union troops.

Zimbabwean army chief: No talks with Prime Minister

Z

imbabwe’s army commander said he would not speak to the nation’s prime minister, describing him as a “sellout” and a “psychiatric patient,” reported a state-controlled Sunday newspaper. Gen. Constantine Chiwenga dismissed calls for him and other top security officials to meet with Prime Minister Morgan Tsvangirai to discuss demands for reforms in the armed forces ahead of crucial elections this year, reported the Sunday Mail, which is a mouthpiece of President Robert Mugabe’s party. Chiwenga denied

claims by Tsvangirai’s party, which is in a shaky coalition with Mugabe, that military chiefs have welcomed approaches on reforms. He called the claims “hallucinations” and said the military chiefs will not meet with politicians who did not fight in the guerrilla war that ended colonial rule in 1980. “We have no time to meet sellouts. Clearly Tsvangirai is a psychiatric patient who needs a competent psychiatrist . he seems to be suffering from hallucinations,” said Chiwenga. “We are different. Just like oil and water, we cannot mix.”

WORLD BULLETIN Ethiopian peacekeeper killed, two injured in Sudanese clash One Ethiopian peacekeeper was killed and two others wounded when a U.N. convoy was caught up in a tribal clash in the Abyei border region claimed by Sudan and South Sudan, the United Nations said yesterday. Sudan and South Sudan in March agreed to resume crossborder oil flows and defuse tensions which have plagued them since the South seceded in 2011 after an independence vote. But they were unable to decide on the ownership of Abyei, which both the Dinka tribe allied to South Sudan and the Arab Misseriya tribe allied to Sudan call their home. Kuwal Deng Mayok, the top Dinka leader in Abyei, was travelling with a U.N. convoy when he was killed by members of the Misseriya in a clash on Saturday that risked fuelling new tensions in the flashpoint area. An Ethiopian peacekeeper was also killed and two others seriously wounded by a Misseriya tribesman, U.N. Secretary-General Ban Ki-moon’s office said. “The Secretary-General urges the governments of Sudan and South Sudan and the ... Dinka and Misseriya communities to remain calm and avoid any escalation of this unfortunate event,” it said in a statement. Abyei straddles the border between the neighbors, who fought one of Africa’s longest civil wars. It is prized for its fertile land and small oil reserves.

Madagascar’s president to run for re-election Madagascar’s President Andry Rajoelina will stand for reelection in July, despite earlier assurances that he would not run to help return stability to the Indian Ocean island nation. A showdown looms between Rajoelina and the wife of former president Marc Ravalomanana who are among the 41 presidential candidates who were approved by the Special Elections Court on Friday. Former President Didier Ratsiraka and two former prime ministers are among other candidates approved. Rajoelina defended his decision to run for re-election, although regional leaders have urged him and Ravalomanana not to stand for election. Rajoelina said he decided to run because the candidacy of Ravalomanana’s wife, Lalao, is the same as Ravalomanana running himself. The island of 20 million people has been in political turmoil since Rajoelina seized power in 2009.


48

World News

WORLD BULLETIN

Venezuela rebuffs Obama, repeats case against US spy Venezuela brushed off criticism from U.S. President Barack Obama yesterday and maintained its accusation that an American detainee in Caracas is a spy pretending to be a filmmaker. During his visit to Latin America, Obama said on Saturday the allegations against Tim Tracy, 35, were “ridiculous.” But Interior Minister Miguel Rodriguez Torres insisted that intelligence agents tracking Tracy since late 2012 had uncovered ample evidence he was plotting with militant anti-government factions to destabilize Venezuela with violence. “When you want to do intelligence work in another country, all those big powers who do this type of spying, they often use the facade of a filmmaker, documentary-maker, photographer or journalist,” he told state TV. “Because with that facade, they can go anywhere, penetrate any place.” Obama’s comments about Tracy, and others questioning socialist leader Nicolas Maduro’s democratic credentials after last month’s disputed presidential vote, have infuriated the government and revived accusations of “imperialist meddling.”

Thousands protest Hollande’s first year in office Tens of thousands of supporters of leftist parties marched through central Paris yesterday to express disappointment with President Francois Hollande’s first year in power, criticizing the leader for reneging on his promises to rein in the world of finance and enact economic stimulus. Hollande, a Socialist, rose to the presidency last May, promising to spare France the austerity measures imposed elsewhere in Europe. And the French government has largely avoided the deep spending cuts, big tax hikes and the wide-ranging reforms of many of its neighbours. Instead, it has nibbled around the edges of its deficit, cutting 10 billion euros ($13 billion) in spending and increasing taxes, largely on the rich, by 20 billion euros. That’s relatively little for a country with 2 trillion euro economy of which 57 percent is government spending.

Pope urges protection of children from abuse Pope Francis is calling for courageous defence of children to protect them from abuse. Francis made no mention of the church scandals in many countries in which clergy abused children and hierarchy covered up for them. At a Mass he celebrated yesterday in crowded St. Peter’s Square, Francis said abuse victims are in his prayers. He stressed that all must work with courage so that children, who are among the most vulnerable people, be always defended and protected. Ignoring sometimes heavy rain, Francis toured the square in a popemobile, but left the vehicle to embrace disabled adults and children along his route.

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Israel strikes Syria, targets Hezbollah arms

I

sraeli jets bombed Syria yesterday, rocking Damascus for hours and sending pillars of flame into the night sky in what a Western source called a new strike on Iranian missiles bound for Lebanon’s Hezbollah. Local people reported massive explosions and internet video showed the capital’s skyline lit by flashes; Syrian opponents of President Bashar al-Assad rejoiced at Israel’s third raid this year, and second in 48 hours, while anger in Tehran highlighted how Syria’s civil war risks spinning further beyond its borders. Israel, while declining to confirm the strike, stressed its focus was to deny its Lebanese foes new Iranian firepower and not take sides between Assad, long seen as a toothless adversary, and rebels who have won sympathy from Israel’s Western allies but who also include al Qaeda Islamists hostile to the Jewish state. It appears to calculate that Assad will not risk forces he needs to fight the rebels by attacking a much stronger Israel. Syrian state television said the bombing around a military research facility at Jamraya caused “many civilian casualties and widespread damage” and quoted a letter from the foreign minister to the United Nations saying: “The blatant Is-

Syrian president Bashar Assad(right) surrounded by bodyguards as young people, wave at him, on Saturday. PHOTO: AP

raeli aggression has the aim to provide direct military support to the terrorist groups after they failed to control territory.” People living near the Jamraya base spoke of explosions over several hours in various places near Damascus, including a town housing senior officials: “Night turned into day,” one man told Reuters from his home near Jamraya, also struck on January 30.

CNN quoted Syrian Deputy Foreign Minister Faisal al-Mekdad calling Sunday’s attack a “declaration of war”, and the Iranian foreign minister urged countries to resist Israel. But a senior Iranian commander also said Syria was strong enough to defend itself without Tehran’s help - though he also offered training. A confidant of Israeli Prime Minister Benjamin Netanyahu said Israel hoped that by not

Malaysian poll results: Ruling coalition takes early lead

M

alaysia’s ruling coalition won the early results on Sunday in an election that could weaken or even end its 56-year rule, with the majority of seats yet to be decided as it faces an opposition pledging to clean up politics and end race-based policies. The ruling Barisan Nasional (BN), or National Front, won a string of parliamentary seats in its traditional stronghold of Sarawak state on Borneo island. But the opposition retained economically important Penang state as its leader Anwar Ibrahim sought to build on his alliance’s stunning gains in 2008. With less than a quarter of parliamentary results confirmed in the Southeast Asian nation, the National Front was leading with 37 seats to the opposition’s 13, according to the country’s Election Commission. A count by the independent Malaysiakini website gave the seat tally as 29 to 21 in favour of the coalition.

Malaysia’s Prime Minister Najib Razak (C) arriving at his party headquarters after polls closed in Kuala Lumpur, yesterday.

Either side needs 112 of 222 parliamentary seats to form a majority, although Prime Minister Najib Razak is under pressure to win back the two-thirds majority that the BN lost in the last national election in 2008. Final results were expected by early on Monday. The coalition is expected to win, but opinion polls showed a tightening race with Najib struggling to translate strong economic growth and a deluge of social handouts into votes. Before most votes were

PHOTO: REUTERS

counted, Anwar declared victory in a surprise statement that appeared to be a tactic to whip up support. “PR has won,” Anwar wrote on his Twitter account, urging the ruling party and the country’s Election Commission “not to attempt to hijack the results”. Election officials said voter turnout in the country of 28 million people was about 80 percent, a record high in what could be the most closely contested election in 56 years of rule by the National Front coalition.

confirming its attack, it would not force its enemies into serious retaliation. There was little response from Hezbollah, Syria or Iran to an earlier attack on the Jamraya compound, near the Lebanese border, on January 30. After an Israeli strike on Friday, U.S. President Barack Obama defended Israel’s right to defend itself from Hezbollah, which fired many rockets into Israel during a war in 2006.

Bangladeshi building collapse toll now 610

6

10 bodies have been pulled from the rubble of a Bangladeshi clothing factory complex that collapsed last week, police said in a report yesterday. Dozens more bodies were retrieved from the ruined eight-storey Rana Plaza yesterday. Bangladesh’s worst industrial disaster has sparked nationwide anger. A preliminary government investigation said this week vibrations from four generators on the upper floors triggered the collapse. Main Uddin Khandaker, head of a government inquiry team, said the generators started up after a power cut, sending powerful vibrations throughout the building, which - together with the vibration of thousands of sewing machines - triggered the collapse. The building had been constructed with weak materials, such as sub-standard steel rods, Mr Khandaker added, which meant it could not withstand the vibrations. The architect of the building has said it was designed to house shops and offices rather than factories or industrial equipment, and that three floors had been illegally added to the original building. Yesterday, police working at the site of the collapse in Savar, outside the capital Dhaka, put the death toll at 610. But they would not say how many more bodies were likely to be recovered from the area. Nine people have been arrested in connection with the collapse: the building’s owner Mohammed Sohel Rana, his father Abdul Khalek, four owners of garment factories that operated inside the building, and three engineers.


Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

49

Community Mirror Fulani herdsmen, farmers clash over farm lands

“We have heard these things whereby relatives of these victims organised these crimes trying to make money out of it. So people must be wary of their business environment, partners and domestic staff, even their relations.”

50

LAGOS STATE COMMISSIONER OF POLICE, MR. UMAR MANKO

Ekiti to demolish structures on water ways ABIODUN NEJO EKITI

A

total of 78 houses built on waterways in Ado Ekiti, Ekiti State capital have been marked for demolition. The Governor, Dr Kayode Fayemi who made this known during an advocacy meeting with environment stakeholders in Ado Ekiti, said the demolition became necessary as the affected structures were built on waterways and have caused environmental threat in the area. It would be recalled that the

governor had inspected some communities affected by recent flooding ago and directed the Ministry of Housing, Urban and Physical Planning, to carry out an assessment of Olorunda, Adebayo, Peace Avenue and Omisanjana, the affected communities for permanent solutions. Fayemi who stated that the ministry had after assessment identified 78 buildings for demolition, said government cannot allow citizens to build houses in unauthorised areas; adding that indiscriminate erection of structures constitute environmental hazard to the society.

While expressing displeasure at the exclusion of the state from weather forecast by some television stations, Fayemi announced that the government has approved the establishment of a standard meteorological station, even as it would conduct hydro-geophysical investigation for ground water pollution in Ado Ekiti. The governor, who added that government has also approved the construction of six public toilets in Ado metropolis and other local government headquarters, said the proposed bus stops for the state capital will be

completed before the end of the year. He said the administration is considering establishing a zoological garden and recreation park in Ado Ekiti, as well as the conversion of Isan-Ayede forest reserve to a game park, while the conservation of Ise forest reserve for Cameroon Chimpanzee is under construction. In her remarks, the Commissioner for Environment, Dr. Eniola Ajayi , said the government through State Environmental Protection Agency, SEPA, has started aggressive channelisation of flood prone areas and

dredging of water ways, while the ministry is also embarking on some earth dredging in some of the flood prone areas to tackle incessant flooding within Ado Ekiti metropolis. While stating that government will not tolerate street trading, the Commissioner said government would enforce a minimum set back of four metres along the roads for outdoor traders, while the enforcement of laws against illegal parking on roadsides, removal of illegal structures and indiscriminate dumping of building materials will also commence.

Gani Adams calls for cultural revival AYO ESAN

N

A cultural troupe performing at the Centenary May Day celebration in Uyo, Akwa Ibom State.

PHOTO: NAN

Bishop warns politicians against false promises ADEOLU ADEYEMO OSOGBO

T

he Bishop of Ijesa Diocese of African Church, Rt. Rev. Hezekiah Adeleke Adetoro, has warned politicians against making unfulfilled promises at electioneering campaigns. Rev. Adetoro who gave the warning at the official opening and dedication of church ultra modern auditorium built for the congregation of Saint

Mark’s African Church, EsaOke in Obokun Local Government Council of Osun State by Hon. Oluwole Oke, stated that the political class must desist from making false promises, thereby raising the hopes of already pauperised Nigerians. The clergy man further warned against inhuman acts that could disintegrate the country saying “we are having lot of crises and security challenges including Boko Haram, because the ruling class is us-

ing it to get political relevance”. He therefore warned that ungodly acts should be stopped before they disintegrate the nation, as for that will do no one or section any good.” On the battered economy, Rev. Adetoro blamed the development on the failure of those in authority who make promises they will never fulfill after getting into office. While thanking Hon. Oluwole Oke, the cleric called on politicians to emulate him.

According to him,” Hon. Oluwole Oke fulfilled his pledge to build a new church auditorium to the congregation despite failing in his re-election bid in 2011. “When he did not win, we thought he would not fulfill his pledge, but he never looked back. He is our own Nehemiah and we thank God for his life. If politicians in the country can behave this way by keeping to their pledges, this country would have been better than this”, he said.

ational Co-ordinator of Oodua Peoples Congress , OPC, the pan Yoruba socio-cultural organisation, and promoter of Olokun Festival Foundation, Otunba Gani Adams has urged governors of the South West to enhance the revival of Yoruba culture. Gani Adams,who spoke at his 43rd birthday celebration said that the negation of traditional culture has led to increase in crimes. He therefore called on governments in Yoruba land to encourage the promotion of culture, saying “if we impact the Yoruba culture into our children, they will grow to be the best in their behaviour , dressing and imbibe the attributes of ‘Omoluabi’ which the Yoruba cherish so much”. While paying tribute, the Lagos State Commissioner for Rural Development, Hon. C.O Ojelabi who represented Governor Raji Fashola , said the contribution of Adams to the improvement of security in the South West and the nation cannot be over emphasized,even as he urged other Nigerians to emulate him and put in their best in whatever they are doing to contribute to the development of the country. Also speaking, the Director of Bureau of Communication, Osun State Governor’s Office, Mr Semiu Okanlawon, who represented Governor Rauf Aregbesola, also urged Nigerians to emulate Gani Adams’ in perseverance saying, such an attribute took Adams to the top.


50

Community Mirror

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Fulani herdsmen, farmers clash over farm lands KEMI OLAITAN IBADAN

A

major crisis may erupt between Fulani herdsmen and farmers in Igbosaland, Ido Local Government Area of Oyo State following the incessant destruction of farmlands by cattle. Farmers in the community comprising Olopade, Onifufu, Onilanbe, Aba Eemo, Eleyele Oko, Elere Adeogun,Elere Akilo and several others, allege that the herdsmen have been terrorising them, while the police have remained indifferent.

The farmers led by their traditional rulers including Alhaji Rafiu Olaifa, Chairman of Igbosa Development Association; Shereef Aderibigbe, Baale of Ilaju village; Biliaminu Akintunde, Baale of Olopade village; Alhaji Tajudeen Pakorunkun, Baale of Pakorunkun; Ojebisi Ayoola, Baale of Abule Ayo village; Sefiu Asade,Baale of Batake village; Oyedele Ladipo, Baale of Idi Amu village; Ramoni Adekunle, Baale of Elere Akilo village; Jamiu Akintunde, Baale of Aba Eemo village; Jimoh Sanusi, Baale of Onikanga village and Olawale

Bankole, Baale of Onifufu village, protested at the council headquarters. They were at the council headquarters for a meeting with the ‘Fulani-Bororo and Farmers Peace Committee’ and the Divisional Police Officer, DPO, in charge of the Ile-Ido police station, where they disclosed that a petition had been forwarded to the state governor, Senator Abiola Ajimobi and all relevant security agencies. In the petition, the farmers appealed to the government to wade into the matter to avert a crisis that could likely fol-

low the activities of the Fulani herdsmen, who seem to have the backing of the Criminal Investigative Department, Zone XI, Osogbo. Titled, “Petition on imminent break down of law and order against the Fulani herdsmen at Olopade Village in Ido Local Government Area of Oyo State”, written by their counsel, R.O Muraina from Musibau Adetunbi and Co, the farmers maintained that their farmlands have been the object of wanton destruction caused by grazing by cattle. They lamented that the re-

sponse each time they reported cases of destruction of their farmlands at the Ile-Ido police station, they were told to produce the Fulani whose cattle destroyed their farm, and so in January, they caught three cows belonging to one Adamu Gafar after the destruction of the farm of one, Sulaimon Olopade. The farmers however, expressed surprise that while the matter was before the Omi-Adio Chief Magistrate Court, the Sarkin Fulani of Eruwa, whom the police gave custody of the cows and Adamu Gafar, who was released on bail, approached the Assistant Inspector General of Police,AIG, office Zone X1, Osogbo, and accused Sulaimon Olopade and Biliaminu Olopade of stealing three cows.


National Mirror www.nationalmirroronline.net

WALE IBRAHIM LOKOJA

T

he Kogi State Independent Electoral Commissioner (KSIEC) has announced the Peoples Democratic Party (PDP) candidates as winners of all the 21 chairmanship seats in Saturday’s local government election. The party also won many councillorship posts. Announcing the election results yesterday at the KOSIEC Headquarters in Lokoja, the commission’s Chairman, Abraham Ayo Olaniran, said the poll was peaceful, free and fair. Olaniran said the results indicated that PDP won all the chairmanship seats and

North

Monday, May 6, 2013

PDP wins Kogi local govt election

•Poll, a charade –Opposition •25 held over malpractices the Action Congress of Nigeria (ACN) won about 10 councillorship seats. Meanwhile, the Action Congress of Nigeria (ACN), the All Nigeria Peoples Party (ANPP) and the Congress for Progressive Change (CPC) have described the election as charade. This followed their earlier withdrawal from participating in the poll and the low turnout that marred it. Addressing journalists yesterday, a chieftain of the ACN, Prince Abubakar Audu, accused the ruling PDP of using state apparatus

to suppress the opposition. The former governor alleged that his brother, John Okpanachi, was shot dead for no just cause by some anti-riot policemen. He, however, praised supporters of opposition parties for boycotting the poll. Also speaking yesterday, a former House of Representatives member and ACN chieftain, Hon. Dino Melaye, said the poll was boycotted in every part of the state. Melaye alleged that despite the boycott, the ruling PDP rigged the election, adding that the party “has

advanced from scientific rigging to vodooism, which is beyond the comprehension of the people.” He said the council poll was marred with irregularities and poor distribution of election materials across the 21 local government areas of the state. But Governor Idris Wada described the election as peaceful. The governor, wife Hajia Halimat Ladi and his aged father, Pa Wada, cast their votes at about 2pm after been accredited by the SIEC at about 10am at Odu Ward 1 in

Dekina Local Government Area. No fewer 25 suspects were arrested by the police for various offences during the poll. In a statement signed by the Deputy Police Public Relations Officer, Mr. Ajayi Okasanmi, the suspects are in the police net helping in investigation. The statement said that a two-room apartment rented from one Suleiman Atachuje and used as KSIEC office was razed by two suspected arsonists in Bassa Local Government Area. The two

51

suspects have, however, been arrested. The statement also confirmed the death of a PDP councillorship candidate, Adonist Omeh of Awo Apolokuta in Okaba, who was allegedly ambushed and shot dead by some unknown assailants at Awo Olikochipo. The police said one Augustine Ebiloma died as a result of injuries he sustained while fighting with another suspected thug, Danjuma Omode, in Dekina Local Government Area. The police, however, denied that the incident occurred on May 3, 2013.

Plateau violence: Fulani, Berom embrace peace

A

L-R: Former President, Court of Appeal, Justice Mustapha Akanbi; author of Language Skills for Arabic Students, Dr. Uthman Kankawi; Kwara State Governor Abdulfatah Ahmed and Emir of Ilorin, Alhaji Ibrahim Sulu-Gambari, during the presentation of the book in IIorin, at the weekend.

Insecurity: Kano police begin enforcement of restriction order AUGUSTINE MADU-WEST KANO

T

he police have begun enforcing the midnight movement restriction order initiated by the Kano State Government as part of the measures to tackle security challenges and other criminal activities. The state Commissioner of Police, Musa Daura, told journalists that the police decided to enforce the order, which restricts movements of people in Kano city to 12midnight, as one of the

major steps to tackle insecurity. According to him, the police have embarked on arrest of persons violating the order. Daura said: “We have observed fragrant violation of this order as people still move around even beyond 12midnight irrespective of the security situation in the state. We have reviewed this situation with a view to enforcing it as part of our efforts to tackle crime rate.” The police boss urged residents to support the ongoing war against terror-

ism by obeying the order, saying: “Security of Kano is everybody’s business.’ Daura, however, praised those volunteering information regarding the activities of hoodlums in their areas. He pointed out that without such information, security agents would not have achieved much in tackling insurgency in and around Kano. The police chief also denied that there is conflict among security agents over their attempt to tackle the Boko Haram insurgency.

Daura said: “There is no conflict of any form as the security agents are working towards one goal - restoration of peace and stability in Kano State. “I do not see anything that will bring conflict because we are all aiming at one goal and whatever had been achieved in this regard is through collective efforts of all the agencies in Kano. “As far as I am concerned, it is baseless to insinuate that the agencies are at logger heads or locked in some kind of power tussle, it doesn’t make sense.”

a presentation of a book entitled: “Language skills for Arabic students” in Ilorin, the state capital. He said such a council should consist of reputable and knowledgeable Islamic scholars. The governor said: “Such a move will also provide an opportunity to instill in our youths, the

values of peaceful co-existence, love, integrity and equity which, Insha Allah, will insulate them from fundamentalist preaching through the internet and other sources.” He advised Muslims not allow the action of a few individuals to define and shape the practice of Islam. Ahmed also appealed

to leaders of Islamic faith to always preach eternal values of peaceful co-existence as enshrined in the Quran. Ahmed, who copiously made references to chapters and verses of the Quran, urged Muslims to shun violence by safeguarding the lives of the innocent in the society.

Ahmed urges moderation of Islamic preaching WOLE ADEDEJI ILORIN

K

wara State Governor Abdulfatah Ahmed yesterday called for an institutionalisation of a Council of Ulamas to moderate preaching by Islamic clerics. Ahmed made the call at

fter years of devastating communal bloodbath with heavy casualties on both sides, Fulanis and Beroms in Plateau North say they have forgiven one another and resolved to co-exist peacefully. The News Agency of Nigeria (NAN) reports that the usually guerilla-fashioned violence had been characterised by deadly midnight attacks, killing of farmers and herdsmen on the fields, destruction of farmlands, as well as the killing and rustling of cattle. Thousands were reportedly killed in the bloodbath that persisted, in spite of heavy military presence, the declaration of state of emergency in the affected areas, as well as military-organised peace and security meetings. The Special Task Force(STF) deployed in Plateau for maintenance of peace had also initiated various measures including medical outreaches, sports competitions and other social fora to promote togetherness and foster peace, but to no avail. NAN reports that the peace resolution in the early hours of yesterday in Jos followed series of meetings during which leaders from both sides voiced out their grievances, resolved their differences and agreed to bury their hatchets. The peace talks, uniquely initiated by the warring communities and supervised by the Senator representing Plateau North, Gyang Pwajok, witnessed frank discussions, revelations and ended with a resolve for peace after

both sides decried the devastating effects of the violence and opted to return to the past when they communed peacefully. Pwajok, while setting the tone for the final talks, had described the session as `”unique’’ as it was the first time both sides called out each other on their own volition, without being forced to do so by security forces. He said: “We resolved to hold this session so that we can listen and understand one another because the STF and the police have failed in enforcing peace on us; clearly, it is only we that can agree to live in peace.” Pwajok pointed out that the STF was equally frustrated over the persistence of the violence, and Pwajok called for concessions from both groups, and pointed out that there will always be farming and grazing ``whether we like or not’’. Chairman of Miyetti-Allah Cattle Breeders Association, Alhaji Haruna Boro, who led the Fulani team, urged both communities to forgive each other “from the bottom of our hearts” and declared that his community had forgiven all and was prepared for peace. Boro said: “We have resolved to forgive and forge ahead. The only thing that remains is to take the message to the rural dwellers so that they can equally key into the new resolve. “We want the Beroms to demonstrate equal forgiving spirit by allowing our grazing cows to move peacefully because we have resolved never to attack anyone any longer.’’


52

North

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Military approves location of barracks in Nasarawa IGBAWASE UKUMBA LAFIA

M

ilitary authorities in Abuja were at the weekend reported to have approved the location of a military battalion in Doma town, headquarters of Doma Local Government Area of Nasarawa State. Consequent upon that, about 1, 000 hectares of land has been acquired along the

Lafia-Doma highway to be used as barracks to house the battalion as the military authorities have indicated interest to commence work on the proposed barracks without delay. Nasaawa State Commissioner for Information, Hamza Elayo Mohhammed, disclosed this while briefing journalists at the end of an emergency meeting of the state executive council which was presided over by

Governor Umaru Tanko AlMakura. His words: “Council noted the courtesy call by a delegation from the Chief of Army Staff to the state government for the sitting of a military barrack in the state. You are aware of the security challenges that have faced the state in the past two years and the constant appeal by Governor Al-Makura to the Federal Government to ensure at

least a permanent re-enforcement of military men in the state.” The Information Commissioner went further that barely two months ago, the Inspector-General of Police through the President, deployed a battalion of riot policemen to the state. According to him, the riot policemen are accommodated at Passa, a suburb of Lafia, the state capital, where there is a police barracks.

Mohammed also told journalists that the state executive council has approved the plan by the state government to celebrate the second year in office of the Al-Makura administration in the state and has consequently constituted a steering committee to prepare for the ceremony that would come up on May 29. He announced that the council has noted a minor cabinet shakeup which saw

the former Higher Education Commissioner, Innocent Lagi, taking over as the new Commissioner for Justice, while the former Justice Commissioner, Yakubu Na’Awa, was deployed to take charge of the Ministry for Local Government and Chieftaincy Affairs as the former commissioner of that ministry, Philip Sheku, was reassigned to the Ministry of Higher Education.

Ashaka communities threaten Lafarge with court action DANJUMA WILLIAMS GOMBE

T

L-R: Commander, Guards Brigade, Brig.-Gen. Emmanuel Atewe; Nasarawa State Governor, Umaru Al-Makura and Corps Commander, Nigeria Army Engineering, Maj.-General Funsho Owonibi, during the visit of a delegation from the Army Headquarters to Lafia at the weekend. PHOTO: NAN

20 physically-challenged persons absorbed in Gombe DANJUMA WILLIAMS GOMBE

A

t least 20 persons with different physical disabilities in Gombe State have been employed into different grade levels of the Gombe State civil service. Presenting employment letters to the people at a Blind People’s Workshop in Gombe, the Head of the Gombe State Civil Service, Mr. Eli Meller Akeme, promised that more disabled persons would be offered

employment in the nearest future. According to him, the 20 were employed based on a recommendation by the state Ministry of Women Affairs last year that has been accommodated in this year’s budget. He promised that when another list is presented this year, it will be considered for next year’s budget, adding that it will be an on-going programme since there are many qualified disabled candidates who possess professional certificates in the

state. On the request for free education for people living with disabilities, especially in tertiary institutions, the head of service promised to forward the request to the state governor, Alhaji Ibrahim Hassan Dankwambo, hoping that it will be processed and approved since the governor has a strong feeling for disabled persons. Earlier in his speech, state Chairman of the Joint Association of People with Disabilities, Comrade Umar Ali

Goro, commended the state government for the employment of his members and especially the office of the Wife of the State Governor, Hajiya Ummi Adama Hassan Dankwambo, for constructing a befitting computer training centre for the blind. He said employment opportunities offered his members; sponsorship of activities of the disabled people as well as many developmental programmes of the state has given his association the feeling that they are in the plan of government.

2015: Vote out incompetent lawmakers –Group A ZA MSUE KADUNA

A

socio-political group, the Centre for Development and Rights Advocacy, CDRA, at the weekend, called on the electorate to vote out incompetent Southern Kaduna lawmakers come the 2015 elections. In an online statement signed by CDRA spokesman, Dr John Danfulani, the group accused the law-

makers of inducing the electorate with money and other items to win their hearts ahead of the general elections, saying such gesture is not a solution to the challenges facing the zone. CDRA further argued that politics of sharing money, motorcycles and others is not part of lawmakers’ functions as stipulated in the 1999 Constitution of the Federal Republic. The group said the

benchmark for them to be voted again depend purely on how they end the killings, skew political structures and how they are able to tackle the underdevelopment bedeviling the zone. The statement reads in part: “In their odd politicking, dignity and political value of Southern Kaduna people hinges on ‘cash and carry,’ and for the highest bidder. “Counting all these mal-

adies as legislative achievements proves the dire need to clean the mess we are in, though we quite appreciate those working above board. “We are appealing to all Southern Kaduna people to discard such characters by voting them out in the 2015 elections. The survival of the area depends on competent and capable representatives. “So vote out incompetent lawmakers as we begin a trip to greater heights.”

he communities hosting Ashaka Cement Plc are threatening to take Lafarge Group of Companies to court if it insists on merging Ashaka Cement Plc with the West African Cement Company, WAPCO. Chairman of Funakaye Development Forum, Dr. Garba Mohammed Bajoga, stated this in a press briefing in Gombe. He said the communities are ready to go to the International Court of Justice, ICJ, in The Hague to press for their demand if Lafarge insists on its action. According to him, they held a meeting with management of Lafarge, including its country representative in Nigeria, saying the meet-

ing ended in a stalemate because Lafarge is insisting on the merger. He said all the reasons given by Lafarge for the merger were not strong enough for the communities to allow what they described as “allowing the only living star in the North to be economically subjugated by the South.” He said unlike what obtains in the South, where demands become violent, they are not going to engage in any violence, since they have never done so in the past. He said for Ashaka to be merged with WAPCO, the result will be complete failure because WAPCO at a point recorded losses for almost five years at a stretch which Ahaka has never experienced in its last 35 years of its existence.

Yuguda releases N1bn for fertilizer procurement EZEKIEL TITUS BAUCHI

A

s part of its commitment to ensure abundant food production in the state, Bauchi State Governor, Isa Yuguda, has set aside N1 billion for the procurement of assorted fertilizer during the 2013 farming season. Chairman of the House Committee on Agriculture, Hon. Abdulkadir Mohammed, member representing Darazo/Sade Constituency made the disclosure at the weekend while speaking to journalists; he said the measure is to boast agricultural activities in the state. Mohammed added that government has also earmarked N200 million for upgrading the state-owned fertilizer blending company to ensure effective and speedy production of the commodity. Also, the Bauchi State Agricultural Company, BASAC, is to get N200 million to effect

all the necessary maintenance of tractors and other agricultural equipment in the state and also to procure chemicals for use by farmers. However, Mohammed was quick to add that government is aware of the need for more tractors to enhance agricultural production as government will procure additional 20 tractors to facilitate farming work in all the 20 local government areas of the state. The chairman said the decision was informed by the proactive steps of the Yuguda administration to eradicate poverty and youth restiveness through agricultural activities which will also lead to economic boom in the state. The lawmaker maintained that government has indicated interest and that plans have reached advanced stage to commence the exportation of cotton, millets, groundnuts, among others, for economic growth.


Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

53

Sport

I will have to see first what happens before I consider the shoulder operation. But I am just fine

Ighalo scores in Spain as goal drought hits Nigerian strikers

54

- LIVERPOOL CAPTAIN, STEVEN GERRARD

Tennis: Atseye, Akingbade claim CBN prizes YEMI OLUS

T

ournament’s number four seed, Henry Atseye, emerged victorious in the men’s singles of the 35th Central Bank of Nigeria Senior Tennis Tournament held over the weekend at the National Stadium Surulere, Lagos. Playing before an appreciable capacity crowd which included the Central Bank Governor, Sanusi Łamido Sanusi, represented by Director, Procurement and Support Services, Mr. Olakanmi Gbadamosi, Atseye defeated Cliford Enosoregbe 7-5 to cart away a giant trophy and N700, 000 tournament’s prize money. In the women’s category, unseeded Ronke Akingbade, who came in through the qualifiers with a wild-card granted by the Nigeria Tennis Federation (NTF), stroked to the final of the singles event where she defeated experienced Christy Agugbom 4-6, 7-5, 6-3 to also win N700, 000 and a giant trophy. The pair of Abdumumuni Babalola and Shehu Lawal, won the men’s doubles event after beating Samuel Omoile and Nonso Madueke 6-3, 6-0 in the final while women singles runners-up, Agugbom paired with Blessing Samuel to victory by beating Ibrahim Omotayo and Sarah Adegoke 7-5, 6-2. In the wheelchair category, men’s singles second seed, Wasiu Yusuf outclassed tournament top seed, Alex Adewale, 7-6, 6-1 to win the title and became first player to win the CBN Wheelchair Tennis men’s singles title. Women’s top seed, Remilekun Fasanya, beat number two seed Oluwatoyin Dawodu 5-3, 5-3 to emerge as champion.

Juan Mata celebrating his goal for Chelsea, as the Blues defeated Man United at Old Trafford yesterday.

Angola club eyes Mba capture R ecreativo Libolo of Angola is the latest club to join in the chase for Super Eagles’ AFCON 2013 hero, Sunday Mba, who made a goalscoring debut against the Southern African side in a CAF Champions League clash on Saturday. Recreativo advanced to the group stage of the League after they defeated Rangers 3-1 in a return leg clash at home after their first leg clash ended goalless in Nigeria a fortnight ago. Recreativo President, Rui Campos, told MTNFootball.com that with the qualification of his club to the nest stage

of the competition, the move for Mba would become imperative. “We are not resting as the challenge will surely become tougher,’ Campos said yesterday. “We are going to recruit more quality players to help us actualise our dreams and Rangers no 8 (Sunday Mba) is a sure target for us. “We are ready to go the long length to have him play for us because he is a special player.” Recreativo striker, Joah Thomas, also described Mba as a player who will add value to his club. “I think he will be a good buy for us should we

AIPS: NOC lauds Mitchel Obi

P

Experienced Christy Agugbom fell to unseeded Ronke Akingbade in the women’s singles final

resident of the Nigeria Olympic Committee (NOC) Engr. Sani Ndanusa, has congratulated Mr. Mitchel Obi on his election as President of AIPS Africa and Vice President of the world body of sports journalists in far away Sochi, Russia. Obi, a veteran and versatile journalist with envious credentials, has thus become the first Nigerian to get to the height of International Sports Press Association, AIPS. “Certainly, your victory in Russia is a testimony to the confidence reposed in you by journalists all over the world and it confirms your outstand-

ing leadership qualities and competence, fearlessness, intelligence, diligence and your mastery of many languages,” Ndanusa wrote in his congratulatory message. Ndanusa who is also the President of Nigeria Tennis Federation (NTF) said the NOC applauds the magnificent contributions of Mitchel to sports and urged Nigerian journalists to rally round him to ensure that he succeeds in his new assignment. “I am quite sure that this is a familiar terrain for you, but we in NOC pray that God gives you the wisdom, guidance and good health to accomplish this important task.”

PHOTO:DAILY MAIL

pull it through,” Thomas said. Thomas said his club deserved to stay in contention for the Champions League at the expense of Rangers. “It was good we qualified ahead of Rangers. We played better and deserved to win after the first leg ended scoreless,” he remarked. “I am not disturbed that I did not score. What really mattered was for the team to win matches. Ahead of the group stage, I know we have a lot of work to do and from here, anything can happen.”

NFF mourns Omodara, Nwaehi

T

he Nigeria Football Federation (NFF) has expressed sadness over the deaths of former Board Member, Chief Ayo Omodara and Assistant Coach of the U-20 Women’s National Team (Falconets), Mr. Chris Nwaehi, both within a few days. Spain-based Coach Chris Nwaehi died in Lagos in the early hours of last Wednesday after being reportedly turned back from the Murtala Muhammed International Airport for not being fit enough to travel. Chief Omodara, who served on the Board of then Nigeria Football Association died in his Ekiti State home on Saturday morning after protracted ill-

ness. Chairman of the NFF Media and Publicity Committee, Chief Emeka Inyama, said in a statement yesterday “The deaths of both individuals came as a rude shock to the Nigeria Football Federation. Both men surely contributed their quota to the development of Nigeria football. “Sadly, the young Chris Nwaehi was part of the impressive story of the U-20 Women National Team, Falconets, at the FIFA U-20 World Cup finals in Japan last year. The team earned effusive praise by no less a person than FIFA President Sepp Blatter for its bold and beautiful brand of football.”


54

Sport

Monday, May 6, 2013

National Mirror www.nationalmirroronline.net

Ighalo scores in Spain as goal drought hits Nigerian strikers IKENWA NNABUOGOR

V

ictor Anichebe was as usual on from start to finish for Everton as they held city rivals Liverpool to a goalless draw at the Merseyside yesterday. Anichebe, who recently caused a stir by turning his back on the Super Eagles to fully concentrate on club duties, was shown a yellow card in the 56th minute as Everton stepped up the chase for the one of the Champions League’s spots. With the sharing of points yesterday, Everton still maintain their five point advantage over Liverpool, placing sixth on the log. Still in England, it was a rare outing for one-cap Eagles striker Shola Ameobi who was made to play from the bench for Newcastle in their goalless draw at West Ham on Saturday. The Kogi-born star, who has spent the better part of his career at the Magpies, was introduced in the 65th minute as the visitors continued to search for an elusive win and maximum points that will help them escape the chop. In France, John Utaka returned to full time action after spending four weeks in the sidelines due to thigh muscle strain, for defending champions Montpellier as they beat Brest 2-1 on Saturday. Utaka, who missed three straight league games in the process, has so far played 27 times for his side, scored five times and entered the referees’ book four times. In Spain, Jude Ighalo hit the target for Granada in their 1-0 home victory against Malaga on Saturday, to move the Andalusian side into 15th position and away from relegation zone. The former Lyn Oslo striker struck in the 28th minute and that proved to be enough even as he was substituted in the 62nd minute. Ighalo has now netted four goals in 25 outings for the Spanish side. He has so far gone into the referees’ books four times. In Belgium, Kim Ojo was only on for 13 minutes but still found time to make one assist as Genk beat Zulet Waregem 4-0 at away on Saturday. Ojo, who joined Sunday Oliseh’s former club last January as usual, came off the bench to replace Belgium international Jelle Vossen in the game, seven of the championship play-offs in Belgium. Ojo teed off Israeli star Elyaniv Barda to fire in the fourth goal as Genk demolished their hosts to set a tone for a UEFA Europa League spot next season. Still in search of his first goal in the Championships play-offs in Belgium, Nigerian kid sensation Imoh Ezekiel failed to find the range in Standard Liege’s

John Utaka

Ahmed Musa Euro Leagues – Results England Liverpool

0-0

Everton

Man Utd

0-1

Chelsea

Fulham

2 – 4 Reading

Norwich

1 – 2 Aston Villa

Swansea

0 – 0 Man City

West Brom

2 – 3 Wigan

QPR

0 – 1 Arsenal

Liverpool

0 – 0 Everton

West Ham

0 – 0 Newcastle

Spurs

1 – 0 Southampton Germany

B. Dortmund

1 – 1 Bayern

B Monchengladbach 0 – 1 Schalke Stuttgart

0 – 2 Greuther Furth

Hannover

2 – 2 Mainz

Werder Bremen

2 – 2 Hoffenheim

Nuremberg

0 – 2 Bayer Leverkusen

Freiburg

2 – 0 Augsburg Spain

Valencia

4 – 0 Osasuna

Granada

1 – 0 Malaga

Real Madrid

4 – 3 Real Valladolid

Mallorca

1 – 1 Levante

D. La Coruna

0 – 0 Atletico Madrid

Celta Vigo

1 – 1 Atletico Bilbao

2-0 loss at Anderlecht on Saturday. Ezekiel started from the bench as he was introduced in the 58th minute for Ivorien defender Zie Diabate as Standard sought for goals. The former 36 Lion striker will have to add to his 15-goal account in the three remaining fixtures before the Belgian Jupiler League draws its curtains. He has also seen red one and yellow three times. In Russia, Super Eagles striker Ahmed Musa failed to hit the target for table toppers CSKA Moscow, who beat Terek Grozny 1-0 on Saturday. The

former NPFL top scorer was on from start but was replaced in the 78th minute for fellow African, Ivorien striker Seydou Doumbia. In the Netherlands, former schoolboy international Uche Nwofor could not score for VVV Venlo as they were held to a goalless draw by visiting Groningen yesterday. Nwofor has thus failed to score to keep his new found scoring form that saw him score in two previous games. On the visitors’ side was former Super Eagles midfielder Femi Ajilore, who was meant to start from the bench for his Groningen side in the drawn game. Ajilore was introduced in the last five minutes of the game. Having previously started nine games, Ajilore was playing his 18th game for his club. He’s yet to get on the score sheet and has seen yellow three times. Super Eagles central defender Kenneth Omeruo was as usual on for 90 minutes for ADO Den Haag as they even surprised themselves beating Feyenoord 2-0 at home yesterday. Omeruo was magnificent in the rear as the hosts claimed their first win in six consecutive league games. The Super Eagles revelation, however, picked a yellow card in the 53rd minute. He has so played all the games for his side since he returned from African Cup of Nations in South Africa in February. He has so far made 27 league appearances. In Turkey, scoring machine Kalu Uche failed to hit the target

Ighalo

for Kasimpasa for the third consecutive as they were held to a goalless draw at Gençlerbirli i on Friday. Former Super Eagles midfielder Yusu Ayila was on for 90 minutes for Orduspor, who were hammered 4-2 before their home fans by fourth-placed Bursaspor on Saturday. Ayila was yellow carded in the 26th minute. Ayila, on loan from Ukrainian top side, Dynamo Kiev has now played seven games, scored once and cautioned twice. In Ukraine, former youth international Haruna Lukman,

who hit a brace last week, failed to score and save his side Dynamo Kiev from 2-0 defeat at Metalist on Saturday. Lukman was then pulled out in the 71st minute. Super Eagles striker Brown Ideye, was also on the losing side as he failed to find the back of the net for the third consecutive time as Dynamo Kiev were beaten 2-0 at Metalist. He lasted the entire duration of the game. Ideye has so far made 25 league appearances and has been in the referees’ books just twice.

Chelsea claims vital win at Old Trafford

A

deflected Juan Mata strike gave Chelsea a win at a lacklustre Manchester United which lifts the Blues up to third in the Premier League. An Oscar shot for Chelsea was palmed on to the post by home keeper, Anders Lindegaard, before United’s Robin van Persie glanced a shot just wide. The match appeared to be petering out when Mata’s shot went in via a ricochet off Phil Jones. BBC Sport reports that United had Rafael red-carded late on for a kick on David Luiz. The win against United was more important than the per-

formance for Chelsea as they moved a point ahead of Arsenal in fourth, with a game in hand over the Gunners.

Victor Moses


National Mirror www.nationalmirroronline.net

Monday, May 6, 2013

55


WORLD RECORD

Largest computing grid Vol. 03 No. 614

N150

Monday, May 6, 2013

The Berkeley Open Infrastructure for Network Computing (BOINC) was originally created to process the huge amounts of data for the SETI at Home project (search for extra-terrestrial intelligence).

CJN’s reforms and judicial appointments

I

n a liberal democracy, every institution of the government is open to scrutiny, and nothing harms reform objectives worse than retrograde actions in their implementation. The former Chief Justice of Nigeria (CJN), Justice Dahiru Musdapher, had introduced radical reforms designed to stop the rot in the nation’s judiciary. And to his credit, he didn’t leave office without submitting his proposals to the National Assembly for legislative backing. The benefits of these reforms will live beyond him. One of the interesting features of his reform proposals is that private lawyers can be appointed as judges. There is nothing wrong with this intention, provided the implementation process does not sacrifice merit and experience in such

Guest Columnist

Na-Allah Mohammed Zagga

appointments. He had also put together a proposal for appointment of 15 judges into the new Federal Industrial Courts to be created to reduce the backlog of industrial related cases in the country. For lawyers to qualify for appointment as judges of these new courts they should have 10 years post-call experience at the bar and must have a record of winning 10 cases before the courts. Magistrates aspiring for appointments are also required to have 10 years post-call experience in addition to producing 10 successful judgments, which were never contested or appealed against. No reasonable person should have any quarrel with these competitive conditions. Sometime in May last year, 48 lawyers and magistrates aspiring to become judges of the proposed industrial courts attended the prescribed screening and passed. But the sad thing is the introduction by the incumbent CJN, Justice Aloma Mukhtar, of an alien condition requiring aspirants for these positions to attach state of origin certificates to their documentation. This unusual condition is causing deep concern among Nigerians. And this concern stems from the fact that some female aspirants for such positions may suffer undue discrimination. We have not forgotten the controversy generated by CJN Aloma Mukhtar’s unilateral action when she attempted to stop the swearing-in of Justice Ojomo from Abia State as a Justice of the Federal Court of Appeal, despite the fact that the woman became a judge in Abia State by virtue of her marriage to an indigene of Abia State. Besides, Mrs. Ojomo was duly nominated by the Abia State government. Chief Justice Aloma’s latest but silent attempt to re-introduce the repugnant

IS THERE ANY REASON WHY A WOMAN THAT ENJOYS INDIGENESHIP BY VIRTUE OF HER MARRIAGE TO A HUSBAND IN ANOTHER STATE SHOULD SUFFER DISCRIMINATION ON

CJN’S ALIEN CONDITION?

THE BASIS OF

condition of state of origin through the backdoor in the appointment of these judges is threatening to put a bar on the path of some women qualified for such appointments. This new condition by the CJN means that regardless of the number of years they have been married to husbands outside their original states, these innocent women cannot enjoy citizenship by virtue of marriage. Antecedents don’t favour Aloma’s latest unpopular decision. Justice Amina Augie became a Federal Judge on the indigeneship of Kebbi State being married to the late Senator Adamu Augie. Amina is from Anambra State but a citizen of Kebbi State by marriage. The current Chief Judge of Zamfara State, Justice Kulu Aliyu, is from Kebbi State but enjoys the indigeneship of Zamfara by virtue of her marriage to a Zamfara State indigene. One can go on and on to show the weaknesses of the condition the CJN, in her “infallible” wisdom and “absolute

power”, is now attaching to those seeking to become judges of the proposed 15 industrial courts. Given the outrage of the National Assembly, the Presidency, the media and the larger Nigerian public that greeted Chief Justice Aloma’s controversial decision on Justice Ojomo, one would have expected her to save us another bitter division. The spirit of our constitution must be respected and upheld. Is there any reason why a woman that enjoys indigeneship by virtue of her marriage to a husband in another state should suffer discrimination on the basis of CJN’s alien condition, which is anti-women? Former CJN Musdapher delayed the promotion of his own daughter as a judge, despite the fact that she is duly qualified in all respects. He chose to allow his successor to do it. His action was pure humility and, even if he had confirmed her appointment himself, he wouldn’t have breached the constitution or any other law. However, his action leaves the question of whether it is a crime for the children of public office holders to rise to the pinnacle of their professions through merit? The late American President, John F. Kennedy, appointed his brother, Robert Kennedy as Attorney General of the United States. The appointment didn’t raise any controversy because Robert Kennedy was qualified for the office in his own right. Nobody should suffer discrimination on petty grounds that have no constitutional bearing. As the first ever woman CJN, Justice Mukhtar should not go down in history for harming the ambition of women on the grounds of the repugnant and unconstitutional condition she has added outside the main qualifications for appointment of judges of the industrial courts. Obduracy in the face of reality and genuine public concern is not going to bring any credit to CJN Aloma Mukhtar. Zagga, muhazagga@yahoo.com, an Abuja-based journalist, is a public affairs commentator

Sport Extra

L

iverpool captain, Steven Gerrard, believes controversial striker Luis Suarez will remain at the club next season. Suarez is currently serving a 10-match suspension for biting Chelsea defender

Suarez won’t depart Anfield–Gerrard Branislav Ivanovic, leading to suggestions he may quit Anfield in the summer, but Gerrard is confident the Uruguay international will stay. “Luis has done the right

thing by apologising and taking his medicine,” Gerrard said over the weekend. “He’s really unhappy he can’t help the team, and he was really down when the ban came through. But

once he is back from his ban, we will be the ones that benefit. “We can cope without Luis until the end of the season.. “I don’t think Luis will

be affected much in terms of his future. Maybe later we will have to accept that Luis wants to move on, but that will be his decision. “Luis has been really happy here at Liverpool and I don’t see him wantNFF President, Aminu Maigari Luis Suarez ing to leave.”

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, Email: mail@nationalmirroronline.net. Editor: SEYI FASUGBA. All correspondence to PMB 10001, Marina, Lagos. Printed simultaneously in Lagos, Abuja and Ondo State. ISSN 0794-232X.

Monday, May 6, 2013  

* NGF: Amaechi may withdraw from race * We’re not behind his travails –Presidency * Rivers Speaker alleges plot to arrest him * Mo...

Read more
Read more
Similar to
Popular now
Just for you