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100 million destitute:

Presidency denies World Bank’s claim on Nigeria’s poverty status

ROTIMI FADEYI

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he Presidency yesterday denied the claim by the World

Jonathan

Vol. 3 N0. 724

Bank Country Director, Marie-Francoise MarieNelly that 100 million Nigerians are living in destitution or extreme poverty. According to a statement

issued yesterday by the Chief Economic Adviser to the President, Dr. Nwanze Okidegbe, Nigeria does not have 100 million destitute CONTINUED ON PAGE 5>>

Mandela still ill, unable to speak –ex-wife

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Controversy trails T Anambra guber poll

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OBIORA IFOH, SINA FADARE, DENIS AGBO, CHARLES OKEKE AND TEMITOPE OGUNBANKE

Jega admits irregularities Police confirm arrest of INEC official Nwoye, PDP differ over outcome PDP, APC reject results

he Chairman of the Independent National Electoral Commission, INEC, Prof. AttahiruJega, has admitted that there were irregularities in the conduct of Saturday’s governorship election in Anambra State. Jega accused INEC CONTINUED ON PAGE 2>>

Iyayi, victim of executive recklessness –ASUU P.8

L-R: Former Head of State, Gen. Abdulsalami Abubakar; former Minister of Finance, Alhaji Ahmed Abubakar Muye; former military President, Gen. Ibrahim Babangida and Kwara State Governor Abdulfatah Ahmed, observing the Jumat prayer at Lafiagi Central Mosque in Edu Local Government Area of Kwara State during the wedding of Gen. Abdulsalam's son, to Senator Muhammad Sha'aba Lafiagi's daughter on Friday.

BUSINESS SECTION Nigeria is yet to benefit from AGOA –Envoy THE

NAICOM will not approve non-compliant fi nancial statements P.A6,A7

Free ree insi inside nside ide

Father U-turn, musician, dies at 36

New PDP asks FG to account for $5bn ECA funds …as Nigeria’s debt stock rises to $8.32trn in Q3

Boeing airliner crashes in Russia, 50 killed

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Monday, November 18, 2013

National Mirror www.nationalmirroronline.net

New PDP asks FG to account for $5bn ECA funds TOLA AKINMUTIMI AND OBIORA IFOH

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he new Peoples Democratic Party has challenged the Federal Government to account for the $5bn, which has allegedly disappeared from the nation’s Excess Crude Account, ECA. The party threw the challenge after a careful study of the disclosure made by the factional Chairman, Nigeria Governors’ Forum, NGF and Rivers State Governor, Rotimi Amaechi, while declaring open the second annual retreat of the NGF on November, 15, 2013 in Sokoto. Amaechi said: “The Excess Crude Account stood at $9bn last January but has shrunk to only $4bn as at today. “We consider this development too weighty to be swept under the carpet in view of the stature of the person making the allegation and the realities on ground. “For all intents and purposes, Governor Amaechi is not a frivolous person and is not known for making frivolous claims. We told Nigerians about the poor handling of our common patrimony by this administration and sadly, nobody took us seriously. As at today, the unmistakable evidence is that Nigeria is broke as the Federal Government now finds it difficult to meet its obligations to states, local governments and contractors. “We wish to commend the NGF Chairman for bringing this matter to the open and hereby challenge the Federal Government to come to tell Nigerians what it did with the money. We also hereby challenge the anti-graft agencies to prove their relevance by unearthing the whereabouts of this huge sum of money." The new PDP also congratulated the NGF for a successful retreat and that it fully supports the governors’ call for transparency in the operations of the Nigerian National Petroleum Corporation, NNPC, and the need to develop a National Security Framework for the country. “That this administration is running for a price award as the most corrupt administration in the annals of governance in Nigeria is not in doubt but we urge Nigerians to heed the advice of the NGF and stop being docile in the face of monumental impunity in the country. This, in reality,

is the only way to rescue Nigeria from the path of doom.” Meanwhile, Nigeria’s total debt stock, comprising external and domestic debts, rose to N8.32trn as at September 30, 2013. The figure represents an increase of 10.2 per cent over the December 31, 2012 figures, which stood at N7.55trn. According to a data sourced from the Debt Management Office (DMO), the latest debt stock showed that the external debt component for Federal and State Governments accounted for 15.50 per cent, totalling N1.29trn ($8.26bn at exchange rate of 155.75/ $1), while the domestic debt component accounted for 84.50 per cent or N7.03trn. A further analysis of the external debt stock indicated that it contributed about 13.59 per cent to the total debt as at Q2 2013 and that increased contribution of external debt to the total debt stock in Q3 2013, was “due to the benign interest rate environment in the international financial system, which the Federal and State Governments utilised to their advantage”. The National Debt Management Framework (20132017) prepared by the DMO reflected that the acceptable optimal ratio of domestic debt to external debt by the Federal Government should be 60:40, as opposed to the current distribution of about 84:16 as at Q3 2013. Despite the rise in the debt stock, the DMO has maintained that Nigeria was at low risk of debt distress as all solvency and liquidity ratios under the baseline scenario are below the internationally recommended peer group and conservative country-specific debt-to-GDP thresholds of 40 per cent and 25 per cent respectively. For instance, while global threshold is 40 per cent of GDP, Nigeria’s country specific limit for 2011-2014 is 25 per cent of GDP. Nigeria’s and some other countries’ debt threshold to GDP ratio was recently raised up from 40 per cent to 56 per cent by donor multilateral agencies, thereby creating bigger space for the countries in the global financial market to explore through borrowing to meet their financing shortfalls. But the DMO said Nigeria will continue to maintain a threshold of debt to GDP ratio of 40 per cent in order to ensure macroeco-

nomic stability and inclusive growth of the economy in the years ahead. To avoid a relapse into the experience pre-dating the debt relief of 2005 and 2006, the Federal Executive Council, FEC, had in 2010, adopted a more restrictive countryspecific debt-to-GDP benchmark of 25 per cent for a fiveyear period ending 2014. The report however expressed the need for government to fast track the on-going policy initiatives and actions geared towards increasing the contribution of non-oil revenue to the revenue base of the country in order to effectively minimise risks to debt sustainability in the medium term Justifying why the coun-

try needs to sustain the old borrowing threshold recently, the Director General of Office, Dr. Abraham Nwankwo, said even though the net present value of total public debt ratio for Nigeria had changed to 56 per cent, Nigeria would continue to maintain a conservative borrowing stance which is required to achieve the broad policy objectives of the ongoing Transformation Agenda of the country. Nwankwo clarified: "In terms of policy advice, strategy, we will still use 40 per cent as our bench mark. As you know, Nigeria has always had its own local threshold which is more conservative and we will maintain that standard. When these thresholds are

fixed, they are fixed for all countries in that group, but each country has to look at its own peculiarities and that is why in the case of Nigeria, a good number of peculiarities affect our own disposition. “First is our history in terms of our experience with unsustainable debts in the past and the fact that we must not have that experience again. “Secondly looking at the structure of our economy, we are still over dependent on oil which is about 80 per cent of public revenue. And we appreciate that a lot of efforts is going on and that is the focus of the transformation agenda to ensure that in the next five to seven years, the econo-

my would have been diversified enough so that that risk is removed”, the DMO boss maintained. He also reported that recent findings of the states’ Debt Sustainability Analysis (DSA) carried out by the Office indicated that all the states were doing well in their debt profiles as their debts are sustainable, pointed out further that as governments continue transforming the economy through the reforms in power sector, reforms in agriculture, through the provisions of infrastructure, Nigeria will be better positioned to explore the opportunities availed by its recent raising of her borrowing threshold.

L-R Minister of State for Foreign Affairs, Prof. Viola Onwuliri; Vice-President Namadi Sambo and the Crown Prince of the State of Kuwait, Sheikh Nawaf Aljaber Alsabah, during Sambo’s arrival at the Amir Terminal of the Kuwait International Airport, yesterday.

Controversy trails Anambra guber poll CONTINUED FROM PAGE 1

officials at Obosi and Ndemili North Local Government Areas of misconduct and muddling up the result sheets meant for the area, saying that one culprit has been apprehended and handed over to security agents. The Commissioner of Police in Anambra, Mr. Bala Nasarawa, on Sunday confirmed the arrest of an INEC official allegedly involved in electoral malpractices in the election. However, barley 24 hours after the election, the candidates of the All Progressives Congress, APC, Senator Chris Ngige, and the Peoples Democratic Party, PDP, Tony Nwoye, have called for the cancellation of the poll. They accused INEC, Governor Peter Obi and the security agencies of giving victory to

the All Progressive Grand Alliance, APGA, governorship candidate, Dr. Willie Obiano. Nwoye described Saturday’s election as a “monumental fraud and embarrassment to democracy.” Also, the governorship candidate of Labour Party, Mr. IfeanyiUbah, has joined the list of candidates who have called for the cancellation of the election. Ubah called for a total re-run of the election citing massive irregularities. The rescheduled election in 65 polling units was yesterday marred with low turnout. Jega, who admitted the irregularities in an interview yesterday during a live programme on African Independent Television, said it was practically difficult to monitor all the activities of about 12,000 staff,

but anyone caught misbehaving would be punished, noting that INEC will follow the case to a logical conclusion “because there are some people who want to use our staff to create confusion.” Explaining why he did not change the INEC commissioner in Anambra despite opposition’s allegation, Jega pointed out that the commission has not received any serious allegation against him, therefore he cannot just be replaced by what wassaid on the pages of newspapers. “We are trying to build an institution that will survive all of us; therefore no matter who is involved today, the institution must be credible enough to tackle and absolve all the inadequacies especially to comply with electoral acts”, he said. Anambra police chief, Nasarawa told the News

Agency of Nigeria (NAN) in Awka that the state Police Command was interrogating the arrested official but declined to mention the presumed offence. The commissioner was reacting to inquiries about the statement credited to Jega that the official who bungled the elections in Obosi in Idemili North Local Government Area, had been handed over to the police. “Yes, I can confirm to you that we arrested one official, but I don’t know if that is the one you are talking about. Yes, we arrested one official,” he said. The election could not take place in 65 polling units in Obosi on Saturday, following the late arrival of INEC officials and the materials for the exercise. INEC rescheduled the CONTINUED ON PAGE 5>>


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Monday, November 18, 2012

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National Mirror www.nationalmirroronline.net

L-R: Lagos State Attorney-General and Commissioner for Justice, Mr. Ade Ipaye; overall best candidate and winner of Aare Afe Babalola’s Prize for the first and best position, FellowsBatch B, Justice Barbara Molokwu; President and Chairman of Council, Chartered Institute of Arbitrators Nigeria, Aare Afe Babalola and Patron/former Attorney General and the Minister of Justice, Prince Bola Ajibola, at the Annual President’s Dinner and Presentation of Certificates to Associates and Fellows of the institute in Lagos on Friday. PHOTO: YINKA ADEPARUSI

L-R: Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Mrs. Ibukun Odusote; Minister of Agriculture, Dr. Akinwunmi Adesina; Chairman, Umza Rice, Mohammed Abubakar; Chief Executive, Ebony Rice, Engr. Charles Ugwu and Sen. Adamu Aliero of Labana rice Mill, at the council round table meeting on integrated rice milling in Abuja on Saturday.

L-R: Osun State Commissioner for Environment, Prof. Olubukola Oyawoye; Assistant Director Bureau of Communications and Strategy office of the Governor, Mr. Oyintiloye Olatunbosun; Chairman, Christian Association of Nigeria (CAN) Obokun Chapter, Very Rev. Michael Ajayi and Secretary, Pastor Babatunde Fabelurin, during the Women Wing of CAN quarterly meeting in Ibokun on Friday.

L-R: Former Managing Director, Daily Times, Dr. Yemi Ogunbiyi; Delta State Commissioner for Information, Mr. Chike Ogeah and Managing Director, BGL, Albert Okumagba, at the BusinessDay State Competitiveness and Good Governance Award in Lagos at the weekend.

National News

Crisis engulfs Medical Association body, leaders go into hiding

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major leadership crisis has engulfed the Nigerian Veterinary Medical Association, NVMA, following the disruption of its re-election processes, which ended abruptly at the weekend. The President of the Association, Dr Gani Enahoro and others, who are seeking re-election have gone into hiding. The election, which was to end the association’s National Congress, according to sources, was abruptly disrupted by some delegates, said to be acting on the orders of some candidates for the position of the President with strong political connections at the Presidency. It was learnt that electoral officers were forced to run for their lives when it was discovered that some of the delegates were armed with dangerous weapons. National Mirror reliably gathered that everything was going on as scheduled as delegates were trying to get accredited for voting un-

til the aggrieved delegates, ostensibly determined to ensure that the election did not hold having sensed that their candidate would lose out, swooped on the validating electoral officers, headed by Professor Lazarus Tekdek, disrupting the exercise. Trouble started on Thursday night, the third day of the congress, at the ECOWAS Commission, Abuja, venue of the association’s 50th Anniversary and Annual Congress when a disagreement broke out during the electoral process. But for the quick intervention of the security officials at the Commission’s office, the three-man electoral body and the returning officer were almost molested by some doctors for daring to stick to electoral rules. An aggrieved group of veterinary doctors, who had planned to impose their candidates, including an Assistant Commissioner of Police, currently serving at the State House, on the

Congress, turned belligerent and threatened to beat up electoral officials over conditions they considered unfavourable to them. Before the disruption of the election, three of the candidates, reportedly failed to adhere strictly to the electoral rules and the constitutional provisions as they relate to procedures of submission of nomination forms. Despite the lapses, the three candidates were still said to have been allowed to submit the forms by the Electoral Committee in order to allow peace to reign Our correspondent learnt that some members of the outgoing executive, who had strongly disagreed with the leadership style of, Dr. Enahoro, created a stir when the electoral body decided to apply the existing electoral guidelines, which seems unfavourable to them. It was gathered that one of the members of the outgoing executive was also

contesting for another position, but was said to have alleyedly joined in attempts to beat up the members of the electoral committee. A day before the election, it was reported that the file containing the submitted nomination forms was missing, but Dr. Enahoro was able to produce photocopies of the missing forms. Eventually, two versions

of nomination forms for the election were presented, but those emanating from the group supporting the police officer were found to be defective and unsuitable for use for the election. A source confirmed that due to the crisis and after a tip off, Dr. Enahoro on Thursday had to move out of the hotel where he lodged to another part of Abuja ostensibly to

escape from some uniformed and plain-cloth policemen that were allegedly assigned to arrest him. His whereabouts remains unknown as at the time of filing this report. National Mirror learnt that as of Friday night, members of the association’s board of trustee had started making spirited efforts to address the situation.

Right revenue formula will solve half of Nigeria’s problems - Mbam

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he Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, said producing the right revenue sharing formula will help solve 50 per cent of the problems currently being experienced in the country. Its Chairman, Mr. Elias Mbam stated this in Abuja yesterday. Mbam said if the commission came out with the new revenue sharing formula, which it had been working on, it would complement the efforts of the national dialogue. “If we produce a for-

mula that most Nigerians are happy with, over 50 per cent of what the National Dialogue aims to achieve is done, because it is all about how to share political power and the nation’s revenue. These are the two major contending issues we have in the country. “So, if we are able to settle one aspect, they can use what we have devised as an input in what they are doing,” he said. Mbam said the revenue sharing formula was almost ready and would meet the December deadline, with most aspect of the work al-

ready accomplished. “We have finished literature review, touring, public hearing, sensitisation and collected all our memoranda and the next is to analyse what we have and that will be done during the retreat. “The commission will go on a retreat on 28th of the month and the retreat will not take more than two weeks. “At the retreat, we will produce a draft, this will then be confirmed by the plenary committee of the commission, after which we will print and forward accordingly to Mr. President,” he said.


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Monday, November 18, 2013

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Presidency denies World Bank’s claim on Nigeria’s poverty status CONTINUED FROM PAGE 1

persons. Okidegbe described the claim by Marie Nelly as “spurious and astonishing” in a number of ways as it clearly contradicts the position of the World Bank on the level of poverty in Nigeria. According to Okideg-

be, during his visit to Nigeria in May, the Bank’s Vice President for Africa, Makhtar Diop, had declared that poverty rate had fallen under this administration from 48 per cent to 46 per cent. “Given our current population of about 170 million people, the Country Direc-

tor’s imagery of 100 million Nigerian destitute seems to be based on a much higher poverty rate than that of her boss. The question that arises from this absurdity therefore is: who is right?” Okidegbe said. “Second, according to the World Bank itself, to live in extreme poverty is

to live on less than $1.25 per day, including the cost of accommodation, clothing, feeding, and other incidentals. $1.25 per day translates into N200 per day (or N6,000 per month). On feeding alone, a loaf of bread costs more than N200 in many parts of Nigeria while a plate of food, even

L-R: Governors: Kayode Fayemi (Ekiti); Aliyu Wamakko (Sokoto); Rotimi Amaechi (Rivers); Abdulaziz Yari (Zamfara) and Babatunde Fashola (Lagos), during the retreat of the Nigerian Governors’ Forum in Sokoto on Saturday.

from a roadside food vendor, costs about the same amount," the President's Chief Economic Adviser further said Okidegbe added: “There are about 112 million active GSM lines in Nigeria. Even accounting for those who own more than one phone and netting out nearly 44 per cent of Nigerians who are under 15 years (and mostly do not have phones), this is not a description of a country with 100 million destitute living in extreme poverty”. Okidegbe explained that the present administration is undertaking critical reforms in all key sectors of the economy to create jobs and reduce poverty. He noted that the reforms in the agricultural sector have increased production and created many job opportunities, stressing that in recognition of the fact that growth in the agricultural sector is propoor, the present administration was confident that the consistent growth being recorded in agriculture is translating into further poverty reduction. The Chief Economic

Adviser stated that Nigeria was recently honoured for meeting the Millennium Development Goal, MDG, of reducing the number of people living in absolute hunger by half, well ahead of the 2015 target set by the United Nations saying that on average, about 20 per cent of the Subsidy Reinvestment Programme, SUREP, is allocated exclusively to protecting the poor through different types of social safety nets. He said one important area of success was the Conditional Grant Scheme with total conditional cash transfer to almost 40,000 households and recruitment of over 2,000 new health workers working on improving maternal and child health. Okidegbe said rather than engage in peddling easily disprovable and inaccurate poverty numbers, it would be a better for the World Bank to focus its attention on designing programmes and interventions to support the government’s efforts in accelerating poverty reduction in the country.

Controversy trails Anambra guber poll CONTINUED ON PAGE 2>> election in the area for Sunday, prompting at least two parties – APC and PDP – to call for a boycott.

Ngige petitions INEC, boycotts rescheduled poll Ngige has petitioned the Chairman ofINEC, Prof. AttahiruJega, over alleged irregularities which he claimed characterised the election held on Saturday. Ngige alleged that APC was scientifically and systematically rigged out of its strongholds. The APC yesterday boycotted the rescheduled Anambra governorship election in Idemili North Local Government Area, describing the exercise as “a charade and mockery of democracy”. Addressing newsmen in Awkayesterday, the governorship candidate of the party, Ngige, said it was also considering calling for the cancellation of the entire election. Ngige said the late arrival of the materials was not only witnessed in Obosi but also in Awka South, Ogbaru, Njikoka

and Idemili South Local Government Areas, describing the areas as his stronghold. “For example, in Idemili North, none of the polling units had result sheets and when they did in some areas, they arrived late when voters had left their booths. “In Idemili South, especially my town in Alor , the voters’ register had the names of some eligible voters missing. It was a systematic rigging to remove the names of those favourable to me. “There were forceful locking out of agents of our party in Onitsha North, Awka South, Nnewi South, Ogbaru, Anaocha and parts of Orumba. The governorship candidate said he had filed a petition to INEC Chairman, Prof. AttahiruJega, to complain that the election was compromised. “I weep for Nigeria because this is a country of great hopes but this generation has decided not to bequeath any good to the coming generations. We will end up leading them

to human socio-economic quagmire. We are not going to participate in the charade that is going on in Obosi electoral division. Ngige said the late arrival of results, starving certain local government areas of electoral materials and results sheets not accompanying electoral materials were calculated efforts to rig the election through frustration of eligible voters most of whom he said decided to go home when the accreditation was not taking place or election holding Fielding questions from newsmen, Ngige added that by the provisions of the Electoral Act, 2011, APC had the right to go to court to challenge the poll. Addressing a news conference in Awka, the state capital, yesterday Nwoye alleged that the poll was manipulated by INEC, Governor Peter Obi and security agencies for the All Progressive Grand Alliance, APGA. He accused security agents of conniving with electoral officials

and agents of APGA to harass voters and chase away members of PDP at the voting and collation centres. He said members of his party sustained injuries in Enugu-Otu, Aguleri-Out, Aguleri ward 1, Umuorom ward 1, Orumba North and Orumba South, Aguata and parts of Ihiala. According to him, the rigging was perfected so much that Mrs. Josephine Anenih, his father, uncle and others could not vote. The candidate also alleged that result sheets were not available in Obosi, Nkpor, Ogidi, some parts of Aguleri, Aguata and other places. He said: “I've never seen an election where military harassed voters and assisted APGA to write election results.” He stated that many prospective voters were excluded from voting because their names could not be found in the voters’ register. Nwoye said he had made complaints about the incompetence of the Resident Electoral

Commissioner, Prof. Chukwuemeka Onukaogu, to conduct the poll but was not taken seriously by the commission. "Josephine Anenih for instance did not vote; result sheets did not come to most polling booths in different parts of the state. We thought the Anambra election would be a credible election and many complaints were made against the Anambra Resident Electoral Commission, REC, Prof. Onukogu. "We are afraid of what will happen in 2015 when they cannot conduct election in only Anambra with its entire instrument," said Nwoye. He also rejected yesterday's conduct of election in some units of Obosi, saying that his party, PDP, was not part of the election. He said he may challenge the result of the election in court after due consultation with his party, PDP. “We want total cancellation of the election in the state. Onukogu laid the foundation for what

happened but Jega is to be blamed because he lost control of INEC. “So whatever the outcome of the election will be, it is unacceptable to us in any way and in any form because people were not allowed to exercise their franchise. We thought that the election will be free and fair but unfortunately, the reverse is the case,” he said. While the governorship candidate of the PDP condemned the conduct of the election, not so for his party. The national leadership of the PDP yesterday commended the people of the state for the peaceful and orderly conduct of the governorship election. The party also commended President Goodluck Jonathan for providing adequate security and the enabling environment for credible, free and fair election in the state in spite of any perceived hitch(es). PDP National Publicity Secretary, Chief Olisa Metuh, in a statement on Sunday said the party is CONTINUED ON PAGE 50>>


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SERAP asks ICPC to probe missing N500bn SURE-P fund ISE-OLUWA IGE ABUJA

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he Socio-Economic Rights and Accountability Project (SERAP) has urged the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to probe allegation of shortfall in the remit-

tance of accrued funds for the Subsidy Reinvestment and Empowerment Programme (SURE-P) projects totalling over N500 billion. The shortfall was said to span January 2012 to September 2013. The group, which said it was worried by the allegation, urged the anti-graft agency not to waste time in

prosecuting the perpetrators. The requests were contained in a petition sent to the commission last week by SERAP. The petition was signed by the commission’s executive director, Adetokunbo Mumuni. The petition reads in part: “SERAP is seriously concerned that the failure to account for the shortfall

of about N500bn out of the over N800bn which ought to have accrued for the SUREP projects is a flagrant denial of the social and economic development of millions of Nigerians. “The inability of government officials to account for huge amount of resources mapped out for the improvement of the country is a serious impediment and set-

back to the goals of development for which the SURE-P funds have been set aside to achieve in the first place. “The denial of the rights of millions of Nigerians has contributed hugely to extreme poverty and civil strife. “the problem is compounded by the continuing failure of the government to effectively ensure trans-

parency and a genuine system of accountability as well as its failure to investigate and prosecute those high ranking public officials suspected to be involved in corruption. The allegation of the missing funds constitutes a serious breach of the ICPC Act and the UN Convention against Corruption to which Nigeria is a state party.”

FG develops N9bn funding pool for MSMEs the enterprises in Nigeria OLUFEMI ADEOSUN ABUJA

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L-R: President, Christian Association of Nigeria, Pastor Ayo Oritsejafor; his wife, Helen and Delta State Governor Emmanuel Uduaghan, during the jubilee celebration of Word of Life Bible Church in Warri, at the weekend.

Church waxing stronger inspite of challenges –Cleric

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he General VicePresident, General Conference of the Seventh-Day Adventist Church Worldwide, Dr Benjamin Schoun, said the church had not failed even in the face numerous challenges. Schoun spoke at the weekend while during the inauguration of the Eastern Nigeria Union Conference of the church in Aba on Saturday. He said the claimed that some people do not attend church services because the church was not living

by what it was preaching was wrong and such people needed a change of mind. Schoun said Christ foresaw the numerous challenges the church would face, and promised that the gates of hell would not prevail against it. According to him, Jesus’ promise to build His church means that there is nothing any man can do to stop the church or build it without His help. “Let it be known to you that no matter your effort and knowledge, it is

Christ and not any man that builds His church,” he said. He said Jesus’ promise to give the keys of the kingdom to the church was an indication that the church was to reach out to all men with the message of salvation to set them free from the devil. Schoun said God needed upright, gifted and committed men to serve in the vineyard to fulfill God’s purpose of calling men to His service. He, therefore, urged Christians to enlist in the

work and service of God to fulfill the purpose for which God had for kept His children. Responding, the church’s Inaugural President, Eastern Nigeria Union Conference, Dr Bassey Udoh, thanked the leaders of the church for creating an Eastern conference. Udoh thanked God for involving the people of the Eastern conference in His work, and promised that they would do their best to advance the work.

Celebrities plan nationwide tour for peace

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ver 30 Nigerian celebrities from sports and the entertainment industry will soon undertake a nationwide tour to preach peace and unity. They said the tour would be part of their collective effort at spreading the message of peace among

Nigerians, especially the youth. The group, operating under the aegis of Voice of Change Foundation of Nigeria (VCFN), listed the celebrities as Emeka Ike, Genevieve Nnaji, Coach Stephen Keshi, Celestine Babayaro and Omotola Ekehinde.

A statement issued yesterday in Abuja and signed by the group’s National Public Relations Officer, Mr. Steph NoraOkere, said that this became necessary due to the challenges threatening the peaceful co-existence among Nigerians. The statement said that

the programme, which would commence before the end of the year, would cover the six geopolitical zones. It will preach peace and the need to leave together. The statement said: “We decided to come together to preach the gospel of peace as it has become more necessary now than ever.”

he Federal Government, through the Bank of Industry’s counterpart funding programme with 17 state governments, has generated a funding pool of N9 billion for Micro, Small and Medium Enterprises as part of the implementation of the National Enterprises Development Programme (NEDEP). The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, stated this on Friday during the launch of NEDEP and inauguration of the Bayelsa State Micro, Small and Medium Enterprises Council in Yenagoa. The Bayelsa State MSME Council has representatives from the Bayelsa State Government, Small and Medium Enterprises Development Agency of Nigeria, Central Bank of Nigeria, National Agency for Food Drugs Administration and Control, Nigerian Association of Small Scale Industrialists, Bank of Industry and Industrial Training Fund, among others. Aganga noted that the inauguration was part of the Federal Government’s efforts at repositioning the MSME sector as the major driver of inclusive economic growth through partnerships with state governments on job creation and wealth generation. He said: “We are here today in Bayelsa State to inaugurate NEDEP and inaugurate the SME Council in the state because of my firm belief that the MSME sector is the bedrock of inclusive economic growth and given its strategic role as the driver of job creation and wealth generation. “The sector currently represents 97 per cent of

and employs 32 million Nigerians, according to the recent survey conducted by the National Bureau of Statistics and SMEDAN. “In order to address the problem of lack of access to finance for the development of the sector, the Federal Government, through the Bank of Industry, has developed a counter-part funding scheme and currently has a partnership with 17 states, with more in the pipeline for next year. This scheme has generated a funding pool of approximately N9 billion for MSME development.” The minister stressed that NEDEP was developed with the objective of addressing the major challenges militating against MSME growth and development across the country, adding that the Federal Government was partnering with more state governments across the country to generate additional jobs and reduce unemployment. Aganga said that the Ministry of Industry, Trade and Investment, through SMEDAN, was currently processing over 1,000 business plans submitted by various MSME cooperatives across the country for funding, adding that the target was to process about 10,000 business plans from MSME cooperatives before the end of the year. He said: “Out of the over 1, 000 business plans so far received from MSME cooperatives across the country, Bayelsa State has the highest number of business plans. Each of these cooperatives has between 10 and 15 members. “If we are able to fund about 10, 000 of them to successfully start their own businesses before the end of the year, we would have been able to create about 150,000 jobs.”


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Monday, November 18, 2012

Law Union & Rock Insurance Plc Statement of Financial Position

14 Hughes Avenue, Alagomeji, Yaba P. O. Box 944, Marina Lagos Tel: 01 8995010 – 15, 01 7733662 – 4, 01 – 7742073 Email: enquiry@lawunioninsurance.com Website: www.lawunioninsurance.com

Law Union & Rock Insurance Plc Statement of Comprehensive Income

31-Dec-12 N'000

31-Dec-11 N'000

1-Jan-11 N'000

31-Dec-12 N'000

31-Dec-11 N'000

Assets Cash and cash equivalents Financial assets: Available-for-sale financial assets Loans and receivables Trade receivables Reinsurance assets Deferred Acquisition cost Other receivables and prepayments Investment properties Intangible assets Property, Plant and equipment Statutory deposit

729,168

728,071

1,064,267

Gross premiums Written

4,163,370

4,219,815

1,140,043 241,463 597,824 874,056 148,049 67,977 1,706,382 81,273 716,243 315,000

968,256 318,949 1,484,694 700,479 186,158 74,686 1,884,718 98,096 796,436 315,000

1,590,925 614,223 1,184,479 448,090 162,127 157,708 1,111,188 67,490 792,507 315,000

Gross premiums income

4,033,952

4,181,397

Total Assets

6,617,479

7,555,543

7,508,004

Liabilities and Equity Liabilities Insurance contract liabilities Trade payables Other payables and accruals Other financial liabilities Borrowings Book overdraft Employee benefit obligations Current tax payable Deferred tax liability

1,836,299 541,364 325,922 778 1,452 21,896 117,594 79,852 169,822

1,699,770 449,888 306,626 10,456 36,081 40,415 108,400 90,808 47,781

1,800,622 418,452 205,686 24,862 18,620 69,856 87,237 111,263 42,564

3,094,979

2,790,225

2,779,162

Equity Issued share capital Share premium Contingency reserve Retained earnings Revaluation reserve Available-for-sale reserve Total equity

1,718,665 1,363,034 775,192 (1,016,068) 551,025 130,652 3,522,500

1,718,665 1,363,034 654,173 442,131 551,025 36,290 4,765,318

1,718,665 1,363,034 527,579 490,973 551,025 77,566 4,728,842

Total liabilities and equity

6,617,479

7,555,543

7,508,004

Total liabilities

Premiums ceded to reinsurers

(923,384)

(633,873)

Net premiums income

3,110,568

3,547,524

224,484

134,205

Net underwriting Income

3,335,052

3,681,729

Net benefits and Claims

(982,231)

(684,699)

Underwriting Expenses

(938,094)

(943,810)

Underwrting Profit

1,414,727

2,053,220

Investment income

200,578

235,502

(179,135)

72,849

Net realised losses

(9,402)

(5,615)

Other operating revenue

44,505

4,730

Management Expenses

(2,658,141)

(2,065,853)

Results of operating activities

(1,186,868)

294,833

Fees and commission income

Fair value gain

Finance costs

(3,932)

(5,621)

(1,190,800)

289,212

Income tax expense

(146,380)

(39,592)

(Loss)/Profit after tax

(1,337,180)

249,620

(Loss)/profit before taxation

Other comprehensive income Net gain/(loss) on available-for-sale assets Income tax relating to components of other comprehensive income Other comprehensive income for the year, net of tax

Total comprehensive (loss)/income for the year, net of tax ………………………………………… Princess Adenike Adeniran Chairman FRC/2013/ICAN/2632

…………………………........... Toyin Ogunseye Managing Director/CEO FRC/2012/NIGSURERS/583

…………………………….. Fadeyi Ajibola Chief Financial Officer FRC/2012/ICAN/586

94,362

(41,276)

-

-

94,362

(41,276)

(1,242,818)

208,344

(39)

7

(Loss)/Earnings per share Basic(kobo)

Law Union & Rock Insurance Plc Unaudited Statement of Comprehensive Income For Nine Months Ended 30th September, 2013 30th September 2013 N'000

30th September 2012 N'000

Gross premium written

2,881,191

3,451,854

Gross premium income Premiums ceded to reinsurers Net premiums Income Fees and commission income Net Underwriting income Net benefits and claims Underwriting expenses Underwriting profit Investment income Fair value gain Net realised gains and losses Other operating revenue Management expenses Result of operating activities Finance costs Profit before taxation Income tax expense Profit for the Period

2,701,730 (637,186) 2,064,543 105,644 2,170,187 (543,299) (557,366) 1,069,523 212,974 49,261 (896,602) 435,156 (3,562) 431,593 (129,478) 302,115

2,989,686 (573,264) 2,416,422 154,732 2,571,154 (760,313) (662,838) 1,148,003 147,714 3,473 (1,374,910) (75,720) (75,720) (75,720)

81,057 81,057 383,172

83,058 83,058 7,338

9

(3)

Other comprehensive income /(loss) Net Gain/Loss on available-for-sale assets Income tax relating to Other comprehensive income Other comprehensive income net of tax Total comprehensive income for the period Earnings per share Basic(kobo)

Law Union & Rock Insurance Plc Unaudited Statement of Financial Position as at 30th September 2013 30th September 2013 N'000

30th September 2012 N'000

Assets

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LAW UNION AND ROCK INSURANCE PLC Report on the Financial Statements We have audited the accompanying financial statements of Law Union and Rock Insurance Plc, which comprise the statement of financial position as at 31 December 2012, the income state, statement of comprehensive income, statement of changes in equity and statement of cash flows for the year ended, and a summary of significant accounting policies and other explanatory notes.

Directors' Responsibility for the Financial Statements The directors are responsible for the preparation and fair presentation of these financial statements in accordance with International Financial Reporting Standards, the provisions of the Companies and Allied Matters Act, CAP C20 Laws of the Federation of Nigeria 2004, the Insurance Act 2003, the Financial Reporting Council of Nigeria Act, No 6 2011 and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatements, whether due to fraud or error.

Auditors' Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial statements.

Cash and cash equivalents

1,483,976

689,599

1,498,851

1,552,491

Financial assets: Available-for-sale financial assets

262,438

298,422

Trade receivables

352,262

1,479,536

Reinsurance assets

762,756

577,437

Deferred acquisition cost

255,874

243,067

Loans and advances

Other receivables and prepayments Investment properties Intangible asset Property,Plant and equipment Statutory deposit Total Assets

85,764

212,991

1,296,185

1,293,780

68,602

90,942

682,606

715,178

315,000

315,000

7,064,313

7,468,442

Liabilities and Equity Liabilities 1,977,893

2,015,755

Trade payables

468,285

270,582

Other payables and accruals

356,802 -

150,382

Insurance contract liabilities

Other financial liabilities

2,438 -

-

Borrowings

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Employee benefit obligations

125,178

119,574

Opinion

Current tax payable

144,317

57,888

In our opinion, the financial statements present fairly, in all material respects, the financial position of Law Union and Rock Insurance Plc as at 31 December 2012 and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards, provisions of the Companies and Allied Matters Act, CAP C20 Laws of the Federation of Nigeria 2004, the Insurance Act 2003, relevant policy guidelines issued by the National Insurance Commission (NAICOM) and the Financial Reporting Council of Nigeria Act No 6, 2011.

Deferred tax liability

203,154

53,985

3,275,629

2,670,605

Issued share capital

1,718,665

1,718,665

Share premium

1,363,034

1,363,034

861,628

757,729

(917,375)

329,396

Revaluation reserves

551,025

551,025

Available-for-sale reserve

211,709

77,989

Total equity

3,788,684

4,797,837

Total equity and Liabilities

7,064,313

7,468,442

Report on Other Legal and Regulatory Requirements In accordance with the requirement of Schedule 6 of the Companies and Allied Matters Act, CAP C20 Laws of the Federation of Nigeria 2004, we confirm that: i) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit; ii) in our opinion, proper books of account have been kept by the Company, so far as appears from our examination of those books; iii) the Company's statement of financial position and statement of comprehensive income are in agreement with the books of account; Compliance with National Insurance Commission (NAICOM) Guidelines on Finance Companies and circular BSD/1/2004 i) During the year, the Company contravened a section of the NAICOM Guidelines on Insurance Companies. The particulars thereof and penalties levied are set out in Note 43 to the financial statements; Lagos, Nigeria FRC/2012/ICAN/0155

4 November, 2013 .......

Total liabilities Equity

Contingency reserve Retained earnings

………………………………………… Princess Adenike Adeniran Chairman FRC/2013/ICAN/2632

…………………………........... Toyin Ogunseye Managing Director/CEO FRC/2012/NIGSURERS/583

…………………………….. Fadeyi Ajibola Chief Financial Officer FRC/2012/ICAN/586


8

News

Monday, November 18, 2013

National Mirror www.nationalmirroronline.net

NAHCO: Court orders Arik to deposit N620m judgement sum P

Popular artiste, Father U Turn, dies at 36

ADENRELE NIYI

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he Chief Judge of Federal High Court, Justice Ibrahim Auta, has stopped moves by Arik Air Limited to stall payment of the N620 million judgement debts it owed Nigerian Aviation Handling Company Plc, NAHCO. Auta ordered that the judgment sum be paid into an interest-yielding account of the court. The judgement was reported on March 27, two days after the Federal High Court ordered the airline to pay the debt it owed NAHCO. In the main issue, NAHCO had sued Arik for refusing to pay for the handling services it discharged for the airline for about two years. However, in its counter-

claim, the defendant asked for compensation from the plaintiff on damage done to two of its aircraft in the course of its work. In his judgement, Auta said it was established in evidence that there was a binding contract and that the plaintiff performed its own part. The judge said it was clear that the defendant refused to follow the terms of a contract it entered into freely. He said: “The argument of the defendant that they were owed money for the damage to their aircraft does not hold water. They were already in breach of the contract before the accidents happened. Moreover, they are not entitled by law to take the law into their own hands, but to look

into their agreement and approach the right forum.” Following the judgement, lawyer to the plaintiff, Dele Adesina (SAN), approached Justice C. J. Aneke of the same court for a garnishee order freezing the account of the defendant in Zenith Bank, United Bank of Africa, Union Bank, Access Bank, and Keystone Bank. The order was granted. The defendants, however, ran back to court with an objection application to the garnishee order, while it also filed a notice of appeal and a stay of execution of the judgment. In a 21-paragraph affidavit in support of its application and deposed to by Ababmya Yakubu, a lawyer to the defendant, the airline said the judgement

was based on questionable invoices for services not specified in the agreement between the two parties. He said: “In doing this, the court dismissed the defendants counter-claim to damage admittedly caused to the defendant’s aircraft in the course of performing the contract. “The High Court therefore failed to take cognisance of the defendant defence of failure for reconciliation of accounts and counter-claim but entered judgement in favour of the plaintiff. “Any proceeding or order enforcing the judgement in any form will entirely prejudge, destroy, prejudice and render nugatory its right to its claim at the Court of Appeal.”

opular 90s musician, Olufemi Mayomi, aka Father U Turn, is dead. He was 36 years old. Mayomi, who rose from poverty as an orphan, to build a successful and inspiring career as a songwriter, recording artiste, TV presenter and performer, passed on in Lagos yesterday, following a brief illness. He died in a hospital around Okokomaiko, a suburb of Lagos, after suffering a liver-related illness. A family member confirmed he had been in and out of hospital for many weeks. He had been on admission at the last hospital for 10 days before he passed on. The late Dancehall artiste hailed from KabbaBunu in Kogi State where he first tried his hands on entertainment, working as a radio and TV presenter. He had a brief stint at NTA in Lagos, after relocating to Lagos, before signing a deal with Ultima Records which released his early albums. Ultima engaged Nelson Brown to work on his first album which proved to be a huge success. The hits “African Culture” and “Shakara” threw him into national limelight, instantly putting him in the league of bona fide ghetto stars like Daddy Showkey and Daddy Fresh. His second album “Pad-

lock Ur Mouth” produced the smash hit “Yetunde,” a collaboration with Pasuma Wonder. With dozens of awards confirming his exploits, including multiple decorations of Awards for Musical Excellence in Nigeria, AMEN, Youths Awards for Excellence in Music, YAFEM, among many others, Father U Turn led a generation of alternative Dancehall cats by the hands. And in Okokomaiko, where he spent the last two decades of his life, he was like a king. His success encouraged many children in the area to embrace music, and he supported many of them. Although his later years were troubled by label issues with Bayowa Music, and career challenges that came with unsuccessful albums, Father U Turn remained dedicated to his art - recording endlessly and refusing to let go of his passion and dedication to Reggae/Dancehall. He is survived by his siblings, wife, Ajimoh, and five children.

The late Father U Turn

Kidnappers free Frenchman 11 months after L-R: Principal, Government Girls Arabic College, Alkaleri, Hajia Safiya Idris; Bauchi State Governor Isa Yuguda and Speaker, Bauchi State House of Assembly, Alhaji Yahya Miya, during Yuguda’s visit to the school in Alkaleri, yesterday. PHOTO: NAN

Iyayi, victim of executive recklessness –ASUP KEMI OLAITAN AND JAMES ABRAHAM

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he Academic Staff Union of Polytechnics, ASUP, has described Prof. Festus Iyayi who died last week in a motor accident on Abuja Lokoja Road as a victim of executive recklessness. In a condolence message to the President of the Academic Staff Union of Universities, ASUU, Dr. Nasir Faggae and members of university academic community, the ASUP National Publicity Secretary, Mr.

Clement Chairman, described Iyayi as an ardent believer of justice whose interest was in the common good of the country, adding that it would be difficult to find a replacement for him. He said: “ASUP also believes that the death of Iyayi is enough sacrifice that should prompt the Federal Government to work towards the resolution of the impasse bedevilling the university education in Nigeria today and some other education sectors.” While lamenting the manner Iyayi met his painful death, ASUP sounded a note of caution against

what it described as executive recklessness, warning that “it is a matter to be checked to forestall further carnages on our roads”. The union recalled that the same Governor Idris Wada of Kogi State, whose convoy caused Iyayi’s death, had been involved in a similar crash that claimed the life of his ADC and left the governor seriously injured and hospitalised in Abuja for weeks. Chairman also extended his good wishes to the National Welfare Officer of ASUU, Dr. Ngozi Ilo, UNIBEN ASUU branch Chairman, Dr. Anthony

Monye Emina, and other officials of the union in the ill-fated bus who are now recuperating in the hospital. Meanwhile, activities at the secretariat of the Ibadan zone of ASUU, located at the University of Ibadan, have been grounded. It was learnt that this was not unconnected with the one-week mourning period declared by the national leadership of the union to mourn Iyayi. A visit to the ever-busy University of Ibadan secretariat of the union indicated that activities have been suspended.

A

Frenchman, Mr. Francis Collon, abducted in Rimi, Katsina State, has been abandoned by his captors, 11 months after his abduction. Collon, an engineer, was working with the firm handling the Katsina Wind Mill Power project when he was abducted at his residence in October 2012. Two people, a security guard and his friend, were shot dead in the process of his abduction, while the Divisional Police Office in Rimi was set ablaze by the kidnappers. Briefing journalists yesterday, Kaduna State Commissioner of Police, Mr. Olufemi Adenaike, said the 63-year-old

Frenchman was released by his abductors in Zaria on Saturday, after his initial incarceration in Katsina and Kano. According to him, the kidnappers did not demand for any ransom since the man was kidnapped about a year ago. He said Collon was dumped by the roadside at Dan Magaji in Zaria, from where he took a commercial motorcycle to the Dan Magaji police station. Collon, accompanied by French embassy officials did not comment on the incident. The commissioner, according to the News Agency of Nigeria, NAN, said the man would be departing Nigeria for France immediately to reunite with his family.


National Mirror www.nationalmirroronline.net

Cable car: Lagos demolishes tipper park, mechanic village MURITALA AYINLA

O

fficials of the Lagos Task Force on Environment and Special Offence Units yesterday dislodged a 30-yearold tipper park and mechanic village located on the highway setback on Adeniji Adele Road on Lagos Island. The task force officials also demolished about 70 structures and illegal shanties; even they dislodged hoodlums who have turned the park to a place of abode. It was gathered that task force officials had stormed the area as early as 5:30am to clear the place for the cable car project. Although the affected drivers and mechanics accused the government of flouting a court order, saying the matter was still pending at the Federal High Court when government descended on their park and reduced it to rubbles. But reacting to the allegation, the Chairman of the task force, CSP Bayo Sulaimon, who led the operation, debunked the claims, saying the exercise was well negotiated by the drivers’ unions, the mechanics and the state government. Sulaiman added that

government, which allowed them to operate in the place earlier, had issued them quit notice. He said: “The place is meant for the roadways project. This is one of the stations. The project is another part of several transportation projects that the state government is embarking upon, apart from the light rail project. The MOT who gave them the place had told them to quit. “The government is already speaking with them to provide alternative means of transportation. It was a negotiated move, the government and the drivers at the park had been meeting over the eviction and the need to evacuate the place. “They can’t deny that the exercise was a negotiated one. There are photographs to confirm that and that is why the operation was a quiet one. Nobody resisted. The governor had already directed that we should use persuasive method to carry out the operation. They were allowed to remove their vehicles, nobody was arrested.” The chairman of the task force explained that the other adjoining places along the road were cleared to make way for the free flow vehicles along the corridor.

Chairman responsible for Ekiti PDP’s woes –Chieftain ABIODUN NEJO ADO EKITI

T

he intra-party crisis rocking the Peoples Democratic Party, PDP, in Ekiti State took another dimension at the weekend when a chieftain accused the state Chairman, Mr. Makanjuola Ogundipe, of stalling the party’s growth. The chieftain, a State Executive Council, SEC, member and Vice-Chairman, Ekiti North Senatorial District, Mr. Olatinde Olatunde, said Ogundipe’s leadership style was negatively affecting the fortunes of the party in the state. He said he had to open up on the crisis bedevilling the party after all efforts made to reposition it were foiled by the state chairman, adding that all was not well with the party in the state.

South West

Monday, November 18, 2013

He said: “Ogundipe is not leading the party aright. Do you want to talk about the way he junkets about? This will certainly not assist the course of the party. The executive members of our party had some misunderstanding sometime ago and we were summoned to the National Secretariat in Abuja. “The presidential committee on reconciliation gave us a marching order after the reconciliation that we should come together and bury the hatchets. I want to tell you that in the last three months that the order has been given, our chairman has not deemed it fit to bring everybody together.” But Ogundipe, who said there was unity in the party in the state, described Olatunde as someone who had made up his mind to pitch his tent with the enemies of PDP in the state.

9

Why I appointed Obas’ children as commissioners –Ajimobi

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yo State Governor, Abiola Ajimobi, has claimed full responsibility for the appointment of some traditional rulers’ children as commissioners, saying that none of the monarchs solicited for their appointment. Ajimobi said he picked them out of his own volition, based on their individual competence, qualification and pedigree which qualified them for their appointment. The governor made the clarification while receiving traditional rulers from different zones of the state, led by the Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi III, who paid him a courtesy visit in his office at the weekend.

Ajimobi said the traditional rulers’ children were appointed not because of their family backgrounds but because they merited the appointment based on their individual track records, adding that he thoroughly perused their credentials before making up his mind to bring them on board. He said: “I am aware of what some people have been saying about the appointment of the children of some traditional rulers as commissioners. The question is: who among them was not qualified for the appointment? “Besides, I want to state here that I appointed them by myself. None of their fathers contacted me or re-

quested appointment for any of the commissioners. I perused their papers thoroughly and I discovered that they all had their track records. They all did very well and we are proud of them. “Let me also state that the appointment was to show our respect to the traditional rulers, support for the traditional institution and to recognise the contributions of their respective families to the development of the state.” Ajimobi expressed profound gratitude to the Alaafin and other traditional rulers for the visit, saying that it would spur him to continue with the good works he had been doing since his assumption of office. The governor reiterated

his determination to transform the state and make it better than he met it. He said: “We are the pacesetter; we are determined to bring the pacesetting status back. We want to use the opportunity that we have to make Oyo one of the best states in Nigeria.’’ Earlier Oba Adeyemi had said the visit was to felicitate with the governor on the giant strides he had been making in the development of the state. He also commended Ajimobi’s sense of judgement in the choice of members of his new cabinet, stressing that the governor was only following the footsteps of the late sage, Chief Obafemi Awolowo, in his style of governance.

Oyo State Governor, Abiola Ajimobi (right); Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi III (middle) and other traditional rulers in the state, during a visit to the Governor’s Office in Ibadan, at the weekend.

Arbitration, panacea to Nigeria’s tortuous judicial system –Afe Babalola KENNY ODUNUKAN

F

ounder and Chancellor of Afe Babalola University Ado-Ekiti, ABUAD, Aare Afe Babalola (SAN, has described arbitration as the solution to Nigeria’s long and tortuous judicial system. Babalola, who spoke in Lagos during the weekend at the Chartered Institute of Arbitrators Nigeria, CIAN’s annual president’s dinner and presentation of certificates to associates and fellows, said arbitration had been adopted all over the world as a speedy and cheap alternative to long court litigation. The learned silk, who is also the president and chairman of the Govern-

ing Council of CIAN, said arbitration would not only develop the country’s justice system but also attract more foreign investors. He said: “If Nigeria is to do well and progress on the path of development, the process of arbitration must be accorded its proper place in our judicial system. “No serious investor wants to be bogged down with long and tortuous litigation in courts especially in commercial matters having time sensitivity.” According to him, arbitration provides a better alternative to resolving disputes which is inevitable in human society. He said: “Since disputes must inevitably arise in today’s complex world of business, no government

interested in attracting investors to its country can afford to ignore the need to put in place an efficient process for parties to commercial and other transactions to resolve their disputes.” Babalola, however, noted that CIAN under his leadership, had consistently raised arbitrators who were global players and of highest moral calibre. “Our arbitrators can rank with arbitrators in developed countries of the world and also of highest moral calibre and professional competence,” he added. Bablola said the institute had commenced a fast track fellowship programme for professionals who had distinguished

themselves in their respective fields of endeavours and who intended to practice arbitration as fellows of CIAN. Earlier in their opening remarks, the founder of the CIAN, Justice Bola Ajibola (SAN) and the Lagos State Attorney-General and Commissioner for Justice, Mr. Ade Ipaye, expressed their commitment to entrenching arbitration in the country. At the dinner, the institute inducted 28 new fellows which include High Court judges, Senior Advocates of Nigeria, experienced lawyers, accountants, quantity surveyors and corporate executives. In all, 144 associate members were inducted into the institute.


10

South West

Monday, November 18, 2013

National Mirror www.nationalmirroronline.net

‘Ritualists’ storm Ekiti health facility, demand day-old baby Assault medical officers ABIODUN NEJO ADO EKITI

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bout five armed hoodlums at the weekend stormed a public health centre at Irona Quarters of AdoEkiti, the Ekiti State capital, allegedly demanding a day-old baby delivered at the health facility for ritual purpose. The armed men, who

were specific that a baby was delivered of her mother on Friday at the health centre, were said to have attacked medical officers on duty for telling them that all babies delivered at the facility had been discharged alongside their mothers. A source at the health centre told journalists yesterday that some of the assaulted medical officers were hospitalised follow-

ing the various degrees of injuries they sustained from the beatings from the hoodlums. According to the source, one of staff of the hospital who sustained leg injury while scampering for safety is still receiving treatment at an undisclosed hospital, while others were treated and immediately discharged on Saturday. “The people came in

the night and asked that a baby that was delivered on Friday should be handed over to them. But the medical personnel on duty told them that the baby had been discharged. “This angered them and they started beating up the medical officers just as they ransacked the all the rooms in the health centre before they left. “It was only after their departure that the officers

could cry for help following which neighbours came to attend to them,” the source said. The Caretaker Committee Chairman of Ado Local Government Area, who expressed shock at the incident during his visit, immediately ordered the suspension of night duties at the healthy centre till adequate security measures would be put in place. Olanipekun, who described the incident as the highest point of callousness, listed the planned security measures to include fencing all health

facilities. He, however, advised that all women in labour should be referred to Okeyinmi Health Centre. The chairman said: “We are taking steps to forestall further occurrence. The doctor in charge had reported the case at the police station at Okesa and we are planning to fence all the health centres and beef up security”. But the police spokesman, Mr. Victor Babayemi, said the incident had not been reported at the Police Headquarters in Ado Ekiti.

Cleric hails Ajimobi’s urban renewal programme

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L-R: President, Women Arise, Dr. Joe Okei-Odumakin; former Nigeria’s Ambassador to the Netherlands and Executive Director, Obafemi Awolowo Foundation, Dr. Tokunbo Awolowo-Dosunmu; General Overseer, Latter Rain Assembly, Pastor Tunde Bakare and Spokesman, Afenifere, Mr. Yinka Odumakin, during Dosunmu’s visit to Latter Rain in Lagos, yesterday.

Ogun school principals task govt on running cost, others FEMI OYEWESO ABEOKUTA

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he Ogun State chapter of the All Nigeria Confederation of Principals of Secondary Schools (ANCOPSS) has said that Governor Ibikunle Amosun’s efforts in transforming the secondary education in the state may fail if the administration fails

to address certain statutory financial and other issues confronting the sector. Arising from its 33rd Annual Congress held at the weekend at The Bells University of Technology in Ota, the principals demanded that the state government should consider immediate release of the outstanding examination administration grants to secondary schools

in order to prevent further mass failure of students in public examinations. In the communiqué issued after the meeting, ANCOPSS appealed to the House of Assembly to give appropriate legislation to back the appointment of Principal Generals so that the governor’s efforts aimed at rebuilding the education sector in the state

may not suffer setback. ANCOPSS lamented that many of its members had been assaulted by suppliers over their inability to pay up debts incurred in the running costs of the secondary schools which spanned the period of second and third terms in 2012/2013 and first term of 2013/2014 academic session.

Ekiti announces housing loans, special grants for teachers

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rovision of car and housing loans, special grants for teachers deployed to rural areas and regular training programmes are parts of incentives announced by the Ekiti State Government at the weekend for teachers in public schools. Besides, the government said it has a plan to offer a two-bedroom bungalow for any teacher and education manager posted to the hinterlands.

The incentives were announced by the Deputy Governor, Prof Modupe Adelabu and Commissioner for Education, Mr Kehinde Ojo, at the inauguration of the yearly training programme for some 2,500 teachers in the three senatorial districts. According to them, officials of the World Bank are due in the state this week for the inauguration of the 10 per cent rural allowance incentive for teachers.

They said the implementation of the scheme would take effect from next January. Breaking the news, Prof Adelabu said Governor Kayode Fayemi had approved car and housing loans for the teachers and that a committee had been raised to appraise their promotion. She explained that the training was organised by State Universal Basic Education Board (SUBEB) to enable the teachers

sharpen the skills in modern approach of teaching core subjects, including English Language and Mathematics in line with the UBEC directive. The twice-weekly training, according to her, would be on for 10 contact days, pointing out that the teachers are to assemble at the designated centres in the three Senatorial districts’ headquarters of Ado-Ekiti, Ikole-Ekiti and Ikere-Ekiti on Thursdays and Fridays.

eneral Overseer of the Living Spring Chapel International, Pastor Femi Emmanuel, has hailed the urban renewal programme of Oyo State Governor Abiola Ajimobi’s administration, saying it had led to the transformation of the state. Emmanuel, who spoke during a visit to Ajimobi at the weekend at the Governor’s Office in Ibadan, said the governor had re-defined governance in Oyo with his brilliant performance in the last two and a half years. While saluting Ajimobi’s courage for taking certain steps in transforming the state, the cleric said the re-definition of governance had manifested through the governor’s numerous achievements. He said: “The reasons why we are here today are to salute your courage, to thank God for your life and to appre-

ciate the good work that God is using you to do in this state. “All of us can see that in the last two years and few months, you have made it clear that one man can make a difference, and you are making the difference. I don’t flatter people. I know what it means to be in government. I follow you closely and I see the kind of change going on. “Each time I climb the Mokola Bridge, I say Oyo State is working; Senator Ajimobi is working. Each time I drive past the Restoration Bridge at Bodija, I say Oyo State is working, Senator Ajimobi is working. Each time I see the Ajumose Shuttle Buses and the Keke Ajumose and all that is going on in the education sector, agricultural sector and other sectors, I always thank God for somebody like you that came up at this time to re-define governance in this state.”

Medical facility operators to register on-line in Lagos MURITALA AYINLA

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perators of the medical facility in Lagos State will now have the opportunity to register their businesses on-line as the government yesterday said that arrangements had been concluded to set up an electronic version of the state Health Facility Monitoring and Accreditation Agency (HEFAMAA). The Special Adviser to the Lagos State Governor on Public Health, Dr. Yewande Adeshina, said that

HEFAMAA is the only regulatory agency empowered by law to accredit, register and licence premises and locations where quality healthcare services are rendered, be it preventive or curative health services. She added that the Ministry of Health had been given approval to set up e-HEFAMMA that would enable health providers register, pay and make changes online without having to come to HEFAMAA office at the Lagos State Secretariat, Alausa, Ikeja, if the need arises.


National Mirror www.nationalmirroronline.net

South East

Monday, November 18, 2013

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Prison Controller alleges exclusion from Imo Security Council CHRIS NJOKU OOWERRI

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he continued neglect of Imo State Prisons and exclusion of the Controller from the State Security Council meeting are now source of worry to the management of the prisons authorities in the state. The Controller of Imo State Prisons Command, Mr. Isaiah Amaliri, who expressed the worry yesterday in Owerri, the state capital, said that only Imo out of the 36 states of the federation “has no prison controller as a member in the State Security Council.”

Amaliri said that such exclusion could undermine the security purpose of the institution as major stakeholder in crime management, adding that inclusion of the prisons controller as a member of the security council would strengthen the security network of the state. He claimed that the development had continued to frustrate some deserving inmates from benefitting from the governor’s exercise of prerogative of mercy. Amaliri said: “It is the duty of the governor to come here to release prisoners, but since the inception of this administration, the governor has not

visited this place.” Speaking at a birthday ceremony organised by the state Commissioner for Finance, Deacon Chike John Okafor, within the premises of the prison at the weekend, Amaliri regretted that the institution, which ordinarily should accommodate 448 inmates, now hosts over 2000 inmates, leading to congestion. The prison boss, who painted a sad situation at the Owerri Prisons, appealed to Governor Rochas Okorocha to extend his “Rescue Mission Programme” to the facility to alleviate the plight of the inmates. He said: “This is the

place for Governor Okorocha to demonstrate his Rescue Mission Agenda because if we open this place and allow the embattled prisoners out, the Government House will not accommodate all of them, but we have been managing them and we expect the government to complement our efforts”. Decrying the dilapidated nature of structures in the prisons, Amaliri claimed that lack of vehicles, drugs, decrepit toilet facilities, medical equipment and Information Communications Technology (ICT) Centre had become added headaches to the prison management. When journalists vis-

ited the place, toilet facilities were discovered to have broken down, a situation which allowed sewage from the toilets oozing out offensive odour that gave visitors discomfort. However, Deacon Okafor later organised a minifund raising ceremony to secure the freedom of some inmates in both Okigwe and Owerri prisons who were confined in prison because they could not pay their fines. The commissioner donated N300, 000 to secure the freedom of Okigwe inmates who could not pay their fines. Visitors and prison authorities were excited when the commissioner

paid N200, 000 fine to free one Miss Stella Ifeoma who was sentenced to seven years imprisonment at the Owerri Prisons. Other inmates who benefited from the commissioner’s magnanimity include Oduchukwu Livinus sentenced to five years or N100,000; Izuka Imo, N30,000; Nze Nwosu, N10,000; and Alaoma Mgbahu, N4,000. The finance commissioner commended Governor Okorocha for giving him a platform to touch the lives of the poor and advised the inmates to always remain calm and loyal to the prison authorities till the day they would receive their own freedom.

Imo council election slated for April next year CHRIS NJOKU OOWERRI

T L-R: Anambra State All Progressives Congress governorship election candidate, Senator Chris Ngige; his Campaign DirectorGeneral, Mr. George Moghalu and South-East Zonal Publicity Secretary of the party, Mr. Osita Okechukwu, during a news conference on conduct of the poll in Awka, yesterday. PHOTO: NAN

Women in Anambra State who accused INEC of disenfranchising them during the Saturday’s governorship election protesting at INEC office in Awka during collation of election results, yesterday.

he Imo State Government has concluded plans to conduct local government election in April, next year. Chairman of the Imo State Independent Electoral Commission (ISIEC), Hon Amachi Nwoha, stated this while addressing journalists shortly after the commission’s inaugural meeting in Owerri, the state capital. He said that with the reconstituted electoral body, all is now set to conduct the poll in the 27 local government areas of the state. Nwoha said that the reconstituted commission had started plan to conduct the elections, adding that the community government council election could hold earlier. He, therefore, called on Imo people and stakeholders to support the commission to realise the objective. ISIEC boss also urged the people to shun any ac-

tion that could truncate the realisation of the commission’s objectives. Nwoha said: “It is the duty of the commission to conduct elections in all the structures set up by the state House of Assembly.” On the need to conduct free and fair election, the chairman urged politicians and political parties to carry out their activities as stipulated by the law. He condemned the dilapidated infrastructures at the commission’s head office, including offices and vehicle and promised to bring the situation to the attention of the state government. Nwoha, however, urged the commission’s workers to be alive to their duties. Responding, the commission’s Head of Administration, Mrs Ejiogu, assured that workers would support to make the election successful. Some members of the reconstituted commission are Dr. Ambrose Uwa, Charles Ejiogu, Fabian Okere and Peace Oke.

Ebonyi LG bosses hail Elechi for prioritising security ALIUN GODWIN EBONYI

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ocal government chairmen in Ebonyi State have hailed Governor Martin Elechi for prioritising security of lives and property. The local government chairmen commended the governor for prioritising ef-

forts aimed at ensuring promoting peace among political parties and stakeholders. Addressing journalists at the weekend in Abakaliki, the state capital, Chairman of Afikpo South Local Government Area, Hon. Anthony Ekoh Jnr, who spoke on behalf of his colleagues, praised Elechi for his doggedness to ensure

that the state is at peace. Ekoh, however, urged journalists and members of the public to be objective in their criticisms of the council chairmen. He also urged them to always pray to God to give the council chairmen the knowledge and wisdom to do the right thing. Ekoh said: “We appre-

ciate the governor who provided a conducive environment for a election to be conducted in Ebonyi that heralded our emergence as the chairmen of the various local government areas of the state. “If not because of the governor’s interest in peaceful co-existence of everyone in Ebonyi, we

may not have had local government election. “We owe a duty to the people who voted us into power because we know one day we will step down and questions will be asked of what we did for the people. No chairman will make a good leadership without the support of the people.” He, however, called on

his colleagues to give room for objective criticisms in their various council areas, claiming that such would ensure development and a successful leadership. Ekoh said: “We are operating open door policies and, therefore, people should be allowed to contribute to the governance of the council areas as well as the state.”


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South-South

Monday, November 18, 2013

Demolition: Bayelsa disburses N500m to property owners EMMA GBEMUDU YENAGOA

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ayelsa State Governor, Seriake Dickson, at weekend directed the immediate disbursement of N500 million as compensation to owners of buildings marked for demolition in Tombia and Edepie areas of Yenagoa. The marked structures are expected to be pulled down in the next three weeks. Dickson said the demolition of the buildings was to pave way for the construction of a second flyover bridge by Julius Berger Plc

at the Tombia-Etegwe axis of the state capital. The governor spoke in Yenagoa on Saturday when he and some commissioners conducted an on-the-spot assessment of the project site to ascertain the extent of the project and number of buildings marked for demolition before the commencement of work. It was gathered that some affected landlords are kicking against the proposed payment of compensation by government which they described as inadequate. Dickson urged property owners whose buildings would be affected to bear with government, stressing

that it was a necessary sacrifice for the ongoing infrastructural development of the state. The governor, however, said government was not under any obligation to pay the current market value of structures marked for demolition. According to him, government is mandated by law to pay what is fair, adequate and prompt in terms of compensation. He said: “I have asked the agencies of government to begin the disbursement of N500 million for the compensation that will be paid. “I want to urge all those who will be affected to coop-

erate with the agencies that will handle that process from next week, so, that in the next two or three weeks the contractors can move in, to begin the demolition and site preparation for this important work. “The team that will begin the payment of the compensation will get cracking. Even if what you think is not up to what you expected, accept it in good faith. We do not have an obligation to pay the market value, but what we have obligation to do under the law, is to pay a fair, adequate and prompt compensation which is what we are prepared to do.”

L-R: General Manager, External Relations, NLNG, Kudo Eresia-Eke; General Manager, Production, Chima Isilebo; Deputy Managing Director, NLNG, Basheer Koko; Minister of Finance, Dr. Ngozi Okonjo-Iweala and Managing Director, NLNG, Babs Omotowa, during the minister’s visit to NLNG Plant in Bonny, recently.

Edo youths protest LG chairman’s foreign trip SEBASTINE EBHUOMHAN BENIN

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ouths under the aegis of Orhionmwon Youth Congress, OYC, blocked the Benin - Onitsha Road to protest frequent foreign trips by the council Chairman, Roland Ibierutowhen. The youth, who carried placards with different in-

scriptions such as “Stop looting Orhionmwon treasury,” “Develop Abudu with our money,” and “Probe Ibierutowhen now,” said they protesting because Ibierutowhen had abandoned his job and travelled to Italy with his family and others at public expense. The leader of the youth, Mr. John Osazuwa, said during the protest last week that they had petitioned Gover-

nor Adams Oshiomhole and the Economic and Financial Crimes Commission, EFCC, to investigate the many alleged corrupt practices presently going on in Orhionmwon council since Ibierutowhen was swon in last April. In the petition dated November 9, the youth claimed that whereas Orhionmwon was still priding itself as the foremost oil and gas produc-

ing community in Edo State, several communities could only boast of bad roads, dilapidated markets, schools, health centres, etc. They said the circumstances under which Ibierutowhen recently approved millions of Naira to finance his trip to Italy in which he took along his wife, daughter and the 12 councillors in the local government, called for questioning.

Youths threaten to disrupt SPDC’s operations in Ogbia EMMA GBEMUDU YENAGOA

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ggrieved youths of Kolo Creek in Ogbia Local Government Area of Bayelsa State have threatened to shut down operations of the Shell Petroleum Development Company, SPDC, over the deplorable condition of Imiringi - Edepie Road. The youth said the road, which had become a death-

trap, should be given a facelift to enable indigenes of the area have a sense of belonging. It was learnt that SPDC has been operating a flow station at Kolo Creek for over 40 years in the area, as the community alleged neglect by the oil firm and government. The President of Kolo Creek Youths, Victor Otobo, issued the threat at Ogbia town, at a town hall meeting organised by the state Public Information Management

Committee, PIMC, led by its Chairman, who is also a Senior Special Assistant on Security Matters to the governor, Boma Spero-Jack. Governor Seriake Dickson had constituted PIMC early this year basically to check rumour-mongering by the residents of the state and to sensitise them to the policies and programmes of government. It was learnt that some elders and chiefs invited in Ogbia communities shunned

the event for undisclosed reasons. Otobo regretted that the youth embarked on a “suicide mission” to ensure that Dickson was elected in February 2012, but were disappointed. According to the youth leader, after 20 months of Dickson’s administration, their community had been thrown into blackout in the past three months, stressing that there was nothing to show for their support.

National Mirror www.nationalmirroronline.net

Asaba Airport records 6,349 flights, 192,714 passengers –Commissioner

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saba Airport has handled 6,331 flights and 192,651 passengers from July 13, 2011, when it commenced commercial flight operations till October 2013. This is aside from the 18 flights and 63 passengers handled before commercial flights began bring total operational results to 6,349 flights and 192,714 passengers. With an average of 260 flights and 6,880 passengers recorded monthly, Asaba Airport has become one of the busiest and viable airports in the country. In April 2011 when the Delta State capital hosted the Second South-South Economic Summit, the airport recorded the highest flights of 401 while the figure of 9,588 passengers was second to the 9,778 recorded in August 2013. The Commissioner for Information, Chike C. Ogeah, disclosed this while unveiling the airport’s performance data in Asaba. Ogeah said the return was unprecedented for a new airport and was only the beginning of the stunning growth

of the airport. He said: “Many people who did not see the vision of Dr. Emmanuel Uduaghan when he initiated the project in 2008 derided it as a ruse. “Today, the status of the airport, as ultra-modern with full navigational aids, has been confirmed by the landing on Wednesday November 13 of Dr. Goodluck Jonathan’s presidential jet at 11.30am on his way to Anambra State.” The commissioner said Asaba Airport was conceived as a strategic economic platform to open up not just Delta State but the neighbouring states in the South-East to the global business community, noting that with its designation as a cargo airport, it would become a hub for the export of agricultural and manufactured goods in the near future. He said: “In deciding to build the airport in Asaba, Governor Uduaghan envisioned it as part of a concerted plan that involved the dualisation of the Ughelli - Asaba Road to link the seaports in Warri and Koko to the major commercial outposts in Onitsha and other towns in Anambra State.

Education remains free in Delta, says Uduaghan

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overnor Emmanuel Uduaghan of Delta State has said disciplinary measures would be taken against any primary and postprimary school head or teacher found to be collecting fees in any form from students. Uduaghan said his administration had set up a task force to monitor activities of teachers in the state to ensure that government’s free education programme was effective. According to him, education is free in primary and post-primary schools in the state. The governor, who spoke at the weekend during the 26th anniversary celebration of Word of Life Bible Church, Warri, warned that anyone found wanting would be made to face the full weight of the law. While congratulating the Word of Life Bible Church on its anniversary, Uduaghan commended the church for awarding scholarship to 40 indigent

students. According to him, an educated society is that which can grow positively. He admonished the recipients of the scholarship to be good ambassadors of the church by avoiding any unholy activity while in school, stating that the students would also benefit from the state government bursary programme if they met the required grade points. The President of Christian Association of Nigeria, CAN, Pastor Ayo Oritsejafor, said at the event that the scholarship was a way the church encouraged the growth of education in the society. He said: “It is better to have many unemployed graduates than to have a society with uneducated people.” Earlier, Prof. Gabriel Yomere, who conducted interviews for the recipients of the scholarship, said it was established that parents of the students could not sponsor the recipients to school.


Monday, November 18, 2013

National Mirror www.nationalmirroronline.net

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Politics

Sylva’s ex-aides battle sedition allegation

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Low turnout mars rescheduled election STORIES BY TEMITOPE OGUNBANKE AWKA

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ow turnout of voters marked Sunday’s rescheduled governorship election in Obosi Local Government Area. Some of the polling stations recoded the turnout of a few persons who came out from the church to cast their votes.

Accreditation commenced in most places between 11a.m. and noon to pave the way for people who went to church to participate. In Obodu Urowulu, Central School, Umuata and Ire polling units, some of the voters queued for accreditation and later voting while many others declined to be part of the process. INEC rescheduled the

INEC stops former NAN MD, Mgbemena, from voting

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ormer Managing Director of the News Agency of Nigeria, NAN, Dr. Nwabu Mgbemena, was stopped from voting yesterday during the rescheduled governorship election in Obosi Registration Area of Anambra State. According to Mgbemena, the Independent National Electoral Commission, INEC, National Commissioner, Mr. Ahmed Wali, stopped INEC ad hoc staff from allowing him performs his civic responsibilities. Speaking to journalists over his disenfranchisement, Mgbena said that he was at the verge of being accredited for voting when the INEC commissioner walked in and stop the INEC ad hoc staff from allowing him to be accredited for the election. He explained that the INEC local government

headquarters at Ogidi had cleared him and laminated a printout of his registration card containing his picture following his complaint of loss of his original voter’s card. His words: “When I got to this polling unit located within St. Mary’s Anglican Church, Obosi, I approached the INEC Presiding Officer who said my name was not on the register. Later, the officer said my name had been located in the register and I should come forward to be accredited. “As this was going on I saw the INEC National Commissioner walk in and approached him over the issue. After explaining to him and showing him the card from the INEC office in Ogidi, he walked up to the Presiding Officer and simply told him not to allow me to vote.”

Ezeife condemns money-for-vote

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ormer governor of Anambra State, Chief Chukwuemeka Ezeife, yesterday condemned the distribution of money to electorate during Saturday’s governorship election. Speaking to National Mirror in a telephone interview yesterday, Ezeife said that despite money been offered to some electorate, the outcome of the election truly show the true reflection of Ndi Anambra. His words: “On the Election Day, I saw people distributing money at the polling units to people to influence them to vote for a particular candidate. But despite the

money shared at the polling units, people of the state voted according to their conscience because the party that won the election was not the one sharing money to people.”

election in the area following late arrival of election materials on Saturday In obedience to the directive of the APC, party polling agents yesterday boycotted the rescheduled election. In some of the polling units within the Obosi Registration Area, where election took place yesterday, no APC polling agents were sighted at the polling units. Those present at the polling units were agents of APGA, Labour Party and National Conscience Party, NCP.

As at 1p.m. some churches are still having their normal Sunday and the situation prevented some

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From the records made available to National Mirror , less than 10 per cent of total registered voters took part in the election. In Polling Unit 038, out of 996 registered voters, only 66 people were accredited for the election. In Polling Units 055 at St. Mary Nursery/Primary School, Obosi, 65 voters were accredited out of the 912 registered voters. As at 1:45pm only 46 voters were accredited at Amaoliora Square II out of 900 registered voters.

L-R: Former Secretary, Peoples Democratic Party, Anambra State, Dr. Tony Akachukwu; Deputy Director, Tony Nwoye Campaign Organisation, Mr. Chike Anyaonu and the party’s governorship candidate in the election, Mr. Tony Nwoye, during a news conference on the conduct of the governorship election in Awka, yesterday. PHOTO: NAN

Poll falls short of expectations –CODER OLAJIDE OMOJOLOMOJU

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he Coalition of Democrats for Electoral Reforms, CODER, has commended the people of Anambra State “for having conducted themselves in a

peaceful manner so far,” but added that the governorship election has fallen short of peoples’ expectations in critical areas. This was contained in an interim statement on the observation of the Anambra State governorship election held last Sat-

CLEEN to INEC: Take voters’ registration more seriously ollowing the reported cases of serious logistics and related challenges in some parts of Anambra State during last Saturday governorship election, CLEEN Foundation, one of the observer groups that monitored the election, has urged the Independent National Electoral Commission, INEC, to take harmonisation of the voters’ register.

Christians, especially Church workers from participation in the election. Despite the accreditation of voters being shifted from 8a.m. to noon and voting exercises changed from 12:30p.m. to 2p.m., to give chance to Christians to have opportunity of performing their civic duties, many electorates in the area did not turn up for the election. National Mirror visited to many of the polling units in Obosi Registration Area shows that low participation in the exercise.

The group called for continuous voters’ registration more seriously in future elections to reduce incidents of missing photos, names and other crucial information. Speaking through its Programme Manager, Chinedu Nwagu, at a press briefing in Awka on the conduct of the Anambra State governorship election, CLEEN Foundation also implored INEC and law

enforcement agencies to take immediate steps to put an end to impunity in electoral offences by arresting and prosecuting offenders. Nwagu said: “INEC should move beyond rhetoric and comprehensively review its logistic deployment strategy before every election to ensure that materials and persons arrive early at the various units.” he said.

urday. Describing the election as a “litmus test for the 2015 general election,” for both the Independent National Electoral Commission, INEC, and Nigerians, CODER said that “some of the irregularities observed in some local governments include ballot snatching, massive thump printing, lateness of materials to polling units, absence of INEC officials and materials at some polling units, inadequate logistic provision for security officers deployed from other states, hostile polling officers to observers, complicity of the security agents in electoral fraud, display of campaign posters” among a host of others were ob-

served in some (sensitive) local governments in the state. It said that election materials did not arrive on time in many polling units specifically in Idemili North, South and Ihiala local government areas while in Nnokwa ward, in Idemili South LGA, names starting with O-Z were missing from the voters’ register. It added in the statement: “As at 1p.m., no INEC officials or materials were seen in Nkpor 4, Idemili North LGA. As a result of late arrivals of voting materials, accreditation could not start on time in Idemili South, Idemili North and Ogbaru LGAs, although accreditation and voting periods were extended in some of these polling units.”


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Politics

EMMA GBEMUDU writes on the travails of Tonye Okio and Fakuma Ilagha, aides to former governor of Bayelsa State, Timipre Silva, over a post on a social media network.

Monday, November 18, 2013

Sylva’s ex-aides battle sedition allegation

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his is not the best of times for Tonye Okio, a former political aide to the erstwhile governor of Bayelsa State, Timipre Sylva. The travails of Okio, an ordained Knight in the Catholic Church started on Saturday, October 26, when he was “abducted” from his Abuja residence by “15 gunmen.” Relations and friends of Okio became apprehensive over his plight. The Otuokpoti -born politician never bargained for what befell him. They alleged his mobile phone and that of his sister were taken away by the “unwanted visitors” for undisclosed reasons. But, two days after the incident, the picture became clearer that Okio, a former Special Adviser to the governor in Abuja was actually arrested by plain-clothes men of the Bayelsa State Police Command over alleged sedition. Political associates and the human rights family are worried that the suspect, over 10 days after his abduction, was yet to be arraigned in court. But, close aides to the Governor Seriake Dickson of Bayelsa State, said the suspect should face justice to serve as a deterrent to others. The Police authorities insisted that Okio would be arraigned in court as soon as investigations were concluded into the case. However, Okio and his supporters had alleged that he was being detained in Police custody at the instance of the state governor, Dickson. There are indications that the rumour which spread in the state that Dickson was arrested by security agents in London with $5 million did not go down well with the governor, his aides and supporters. They insisted that the governor never travelled to London, but that he only went to United States of America, USA, on an official trip. It was learnt that Governor Dickson was visibly disturbed over a Facebook post reportedly made by Okio which reads: “A sitting governor from the South-South has been arrested abroad with $5 million cash. Efforts are being made to kill the case, but I hear oga at the top has refused to be involved. A former sitting governor from this same state was involved in similar case years ago.” Investigation by National Mirror revealed that the two-week absence of the governor from the state may have given rise to the rumours which “spread” like a wild fire in the state. The rumour generated confusion among Dickson’s aides and the citizenry. In a recent statement, the acting Police Public Relations Officer, PPRO, in the state, Peter Ogboi, DSP, confirmed the arrest of Okio over alleged seditious publications on Facebook, a social media network. The Police Command said the suspect; whose other syndicate members were now at large would be appropriately arraigned in court when investigation was completed. Arriving Yenagoa on October 23 to a grand reception after his two-week absence, the governor alleged that opposition forces in the state had adopted blackmail and propaganda against his administration. Apparently making reference to his al-

National Mirror www.nationalmirroronline.net

Dickson

Okio

leged arrest in London with $5 million, Dickson said he would not be deterred by the series of lies being peddled against him and his administration by the opposition. Received by the Deputy Governor, John Jonah, commissioners, political aides, National Union of Bayelsa State Students and other political groups at the gateway of Igbogene and Government House gate, Dickson warned the people not to fall into trap of despondency and lies being peddled by the opposition against his administration. His words: “There were people we knew who had opportunity to make a difference, but, who could not and rather than join hands with all of us to make our state safe and prosperous, they have resorted to blackmail and propaganda to create unnecessary tension. But, we know that as long as we are doing what is right, as long as we are serving in all honesty, God Almighty being with us and with the support we are seeing, the state will continue to move from glory to glory.” But analysts argued that the arrest of Okio may have political undertone as investigations by National Mirror revealed that Governor Dickson and his predecessor, Timipre Sylva could be described as “arch enemies”. Already, the suspect and his counsel, D.D. Fiderikumo have dragged Governor Dickson and the Police Command to court over his continued detention without trial. In an affidavit in support of the application, sworn to by Mr. Tonyo Biriabebe, Okio is claiming N2.2bn for damages over his unlawful arrest and detention. Part of the affidavit reads: “On Saturday, October 26, 2013, some officers and men of the Bayelsa State Command of the Nigerian Police arrested him while he was in his

house in Abuja and whisked him away to their office in Yenagoa and have detained him. The policemen refused to disclose to him the reason for the arrest but simply informed him that they were from the Bayelsa State Command of the Nigeria Police and that he was needed by Governor Dickson and the State Police Commissioner. “He was taken to Yenagoa by road, bound feet and hands with cuffs and blindfolded throughout the journey. He was beaten and tortured by the policemen who openly boasted that they will kill him and do away with his corpse for daring Governor Dickson who had instructed them to do to him as it pleases them. He was so afraid of being killed by the policemen in the course of the dark journey as the words and actions of his captors were mutually reinforcing to the extent that he even urinated in his clothes in the process. “It was in Yenagoa that he was informed by the policemen that his arrest and detention are on account of a statement made on his Facebook account. He has been in police detention on the orders of Governor Dickson since his arrest, and denied bail on the excuse that the police are investigating to determine a possible case against him. There has not been any formal complaint against him for any wrongdoing. There is no law criminalising the making of the statement as contained in his Facebook account and same does not refer to any particular person.” Also, a social and political activist in Yenagoa, Doifie Buokoribo, has demanded the immediate release of Okio. In a statement made available to National Mirror in Yenagoa, Buokoribo described the arrest of Okio and his continued detention as illegal, unfair and undemocratic, alleging that the

HE WAS TAKEN TO YENAGOA BY ROAD, BOUND FEET AND HANDS WITH CUFFS AND BLINDFOLDED THROUGHOUT THE JOURNEY. HE WAS BEATEN

AND TORTURED BY THE POLICEMEN WHO OPENLY BOASTED THAT THEY WILL KILL HIM AND DO AWAY

WITH HIS CORPSE FOR DARING GOVERNOR DICKSON WHO HAD INSTRUCTED THEM TO DO TO HIM AS IT PLEASES THEM

Bayelsa State governor, Dickson, was the mastermind of Okio’s arrest, describing it as a grand impunity. Buokoribo said Okio has been critical of President Goodluck Jonathan’s administration over his alleged misgovernance of the country. He said: “On Saturday, October 26, about 15 men, including plain-clothes Special Investigation Bureau, SIB, officials and those attached to the Police Mobile Force, invaded the Abuja residence of Okio with three vehicles - one Prado Jeep and two Police Escort vans - and forcefully seized him. Thereafter they took his iPad and the mobile phones of himself and his younger sister.” According to Buokoribo, the Police authorities claimed Okio, who is the state Publicity Secretary of the new Peoples Democratic Party, PDP, would be charged for allegedly writing on his Facebook page recently that an unnamed South-South governor was recently caught with $5 million dollars, which the suspect denied. “If Dickson believes he is the said governor alleged to have issues of money laundering in the U.S., he should know what to do as a lawyer,” the activist said, condemning in strong terms the use of the police to harass, intimidate and blackmail a political opponent, stressing that it was indecent. Barely a week after Okio’s arrest, the Police later said he was being charged for conspiracy and defamation of character. The Bayelsa State Police Command also confirmed another arrest of a political associate to Sylva, Fakuma Ilagha, over alleged conspiracy and defamation of Governor Dickson’s character.Acting Police Public Relations Officer of Bayelsa Command, Peter Ogboi, in a statement said the suspect, Ilagha, who is the Managing Director of FAK Engineering Company, Yenagoa and Tonye Okio had been arraigned in court. According to the Police Command, the matter was adjourned till November 21 as the suspects have been remanded in Yenagoa Prisons. The command warned potential troublemakers that the Police and other security agencies would not sit back and watch them derail the existing peaceful atmosphere in the state. He said: “The two suspects remanded in Prison custody while hearing adjourned to November 21. The command once again wishes to use this medium to urge law-abiding citizens in the state to feel free and go about their lawful businesses.” Several efforts to reach the Chief Press Secretary to the state governor, Daniel Iworiso-Markson ,to react on the development was futile as he declined to respond to his phone calls and text message sent by our correspondent. In the same vein, when contacted, State Commissioner for Information and Orientation, Markson Fefegha ,said he was busy in an engagement with the Chief of Staff to the Governor. As the drama over the continued detention of Okio unfolds, analysts argued that his “offence” was bailable. They advocated for his speedy trial, rather than keeping him in detention. But stakeholders in midstream politics alleged the suspect’s arrest has a political undertone. They warned the governor against intimidating his perceived political enemies with security agencies.


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Monday, November 18, 2013

15

Leave Oronto Douglas alone! TONY ERHA

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ith the release of Mrs. Augusta Douglas-Ayam, after her agonising days in the kidnappers’ den, some of the scenarios of the condemnable act would have given one a better understanding of the situation. Numerous reports had it that Mrs. Douglas-Ayam, elder sister of Oronto Douglas, Special Adviser on Strategy, Research and Documentation to President Goodluck Jonathan was snatched by some gunmen who fired sporadically into the air, scaring away bystanders. It is obvious that the kidnappers had an ace up their sleeves; to tacitly drag the name of Oronto Douglas, not only with the intention of getting ransom of half a billion naira but for his firm stand on issues and principles of national concern. Suffice that Oronto is a federal political appointee, who is often blackmailed by some gullible critics. In the nation’s scheme where things are not always done right, a patriot at the centre is often the butt of cheap blackmail. Of course, Oronto has always told his listeners that he is an Ijaw from Okoroba village, a true Nigerian, pan-Africanist and world citizen. The blackmail against him resurfaced with the Movement for Emancipation of Niger Delta, MEND, through a press statement credited to its spokesman, GbomoJomo. The statement was that MEND made accidental contacts with her abductors, and that the abduction was a protest against the alleged misuse of a military helicopter during the burial rites of Pa Douglas, which took place a year ago at Okoroba town. In the statement, MEND also tried to exonerate itself thus; “As we do not wish to be dragged

IN THE APPALLING NIGERIAN SITUATION, IS IT NOT FUNNY THAT THOSE WHO HOLD SOCIETY TO RANSOM ARE THE SAME WHO WRONGLY ACCUSE THE JUST?

into playing the role of an intermediary with kidnappers, we have declined their request to get involved based on principles.”It claimed to have cautioned the kidnappers to free Mrs. Douglas-Ayam unconditionally as she was hypertensive and not in good health. With the subsequent release of Mrs DouglasAyam, one wonders the renewed interest of MEND in the matter, even though it earlier distanced itself from the kidnapping saga. Now, the latest version it took to town was that N32 million was actually paid as ransom for her release. Whereas, common sense would have seen the impossibility of some kidnappers making a uturn to accept such a huge sum having reduced it earlier to N10 million, as the victim’s husband insisted he could only afford N3 million. On Pa Douglas’s burial, this writer was at the ceremony in Okoroba. He saw nothing ostentatious surrounding it , since it was not any different from the everyday burial ceremonies in Nigeria. It was also the same situation where all the children and friends of the family shared

the responsibilities for the burial. This was also indicated by the various gift items that bore names of the sponsors. By simple logic, Oronto, as a leading star of the family appeared to have attracted most of the guests. It would be expected that his personality as a former student activist, environmental and human rights advocate and his present role would earn him such compliments. He is a metaphor for an accomplished individual who has invested in himself and the people. It goes further as attribution that it is not out of place, if such a man dines with the greats, and favours are bestowed on him in appreciation for his immeasurable service to the society. At that, this writer saw a sheer display of enthusiasms and goodwill by the guests who cut across Nigeria. Also, indigenes of the Ogbia clan and Bayelsa State, including the youths, were seen as dutiful volunteers at the event. Unlike in the past, the Joint Task Force, police, army and navy were very civil and more concerned about the safety of lives. About a year ago, as Oronto and his siblings mourned their late father and the fatal plane crash in which Andrew Azazi, Patrick Yakowa and others lost their lives, the blackmailers and the mocking birds are again on song. Their allegation was that the burial was ostentatious and a military helicopter was commandeered for shuttle flights. Like the sadists they are, they were not moved by the deaths of Azazi, and Mr. Patrick Yakowa and others. Sundry revelations were that Oronto had no such powers to order the use of the helicopter. Again, the guests were the

ones who arranged for the aircrafts and their means of transportation to the venue. The Oronto I know is not one given to high taste nor is he wasteful. Indeed, he is a man of modest means and discipline. In the appalling Nigerian situation, is it not funny that those who hold society to ransom are the same who wrongly accuse the just? Sadly, violence is becoming a new vocation where guns are demeaned as toys; bullets as groundnuts and bombs as water melons, by the bad example of extra-judicial killings of MEND, Boko Haram and their fellow brothers-in-arm. Expectedly, MEND’s alleged statement of invisibility and lordship of the creeks of Niger Delta is coming now that all efforts are on to heal the wounds of the nation. Indeed, peace and national integration is achievable, as dialogue is the climax of arm struggles. But, MEND, if it truly earns its professed claim of representing the interest of the Niger Delta, would have done a lot of good by listening to the people and ending their call to arms and embracing amnesty. Fortunately, Oronto, the subject of their implied and unwarranted attacks believes in intellectual and non-violence struggle. From his days as a student leader, he had endeared himself to multitudes of admirers, with ethics and constructive engagements, thereby making him a leading attorney in the famous trial of late Ken Saro-Wiwa.

I think with the intellectual power and resilience of MEND and its individuals, they stand a lot to gain by joining hands in nation building. Comrade Tony Erha is a journalist, environmentalist and civil rights activist.

The poor under private electricity owners JULIUS ELUSAKIN

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he privatisation of power sector recorded an historical milestone on Monday, 30th September, 2013 as Federal Government finally handed over generation and distribution companies of the Power Holding Company of Nigeria, PHCN, to private investors. The slow in pace to the destination was largely due to labour and corruption related issues which made it difficult for the Presidency to keep to the execution of the Power Road Map timetable. President Jonathan interests in result in 2010, when he assumed office in acting capacity, propelled him to constitute two different but collaborative committees. Presidential Action Committee on Power, PACP,and Presidential Task Force, PTF, purposely to take the country from the power epileptic state to stable supply destination through conscious implementation of the government’s power sector reforms agenda. In fact, it came to time that Nigerians were in doubt of the success of the privatisation exercise when its key promoter, former Minister of Power, Prof. Bath Nnaji, resigned his appointment in September, 2012. The gesture of the presidency reveals a determination and resolute courage in getting it done. The skewed nature of the road to its realization delayed the government in not keeping to the proposed time table. Electricity workers’ reluctance and opposition to the acceptance of new employers, and electricity pension scam, nepotism in bidding and other related resistance could not be easily walked over by the government. The failure in meeting up with the time frame in the execution was largely due to poor planning before the roadmap was rolled

out on August 26, 2010.

The revelation by Chairman of the Nigerian Electricity Regulatory Commission, NERC, Dr. Sam Amadi, that his commission is under pressure by the new owners of PHCN assets, for increase in tariff is disturbing. Albeit, the demands could be seen to be too early, however, it is expected. These investors already see the power sector as a cash cow and are ready to milk out their monies. At the handing over ceremony, President Jonathan said that, a total of $2, 525,824,534 was realised as proceeds from the exercise. The investors will have to scoop this money back with profit in the short run through high tariff from the consumers. As a Nigerians who started his life in the rural area before moving to city, coping with the tariff under the new investors will be a big challenge to rural dwellers. Meanwhile, prevailing on the investors may not be the best option because the government already knew the consequences of the privatisation exercise and must take full responsibility because the investors will need to pay back their creditors as soon as possible.

The newly Multi-Year Tariff Order, MYTO II, is still controversial; and the investors have started lobbying for its increment. Without hesitating, now will be the appropriate time for government to increase the percentage of subsidy to cushion the effect on those living below poverty line as promised by President Jonathan while launching the Power Road Map in 2010 in Lagos. He said, “eventual end users tariff will be cushioned through a cross subsidy for the urban-poor and rural dwell-

IT IS IMPERATIVE THAT GOVERNMENT SWING INTO ACTION AND RESCUE HELPLESS

NIGERIANS

FROM UNBEARABLE TARIFF,EVEN AS

RURAL DWELLERS SHOULD BE EXEMPTED ers”. This was further stated at a town hall meeting in 2012 with electricity consumers and stakeholders in Lagos, by the former Minister of Power, Prof. Bath Nnaji, where he said that “under the new tariff regime, the urban - poor and rural dwellers will now pay N4 per kilowatt as against N7 per kilowatt”. The recent increase in the electricity tariff is a wrong signal to the rural dwellers and source of worry in the postprivatisation exercise. It is imperative that government swing into action and rescue helpless Nigerians from unbearable tariff,even as rural dwellers should be exempted . In some countries, citizens below the poverty line are given substantial amount of subsidies. According to Mr. Patrick Kormawa, Nigeria Regional Director of the United Nations Industrial Development Organiza-

tion, UNIDO, the lack of electricity extends the poverty cycle. “Nigeria’s aspiration for industrialisation cannot be achieved nor poverty reduced significantly without a reliable source of cheap energy,” he stated. Provision of subsidy to urban-poor and rural dwellers will really contribute to better the lives of the people and nation’s economy at large. Former Director General, Energy Commission of Nigeria, Prof. Abubakar S. Sambo, also shared similar view with Mr. Kormawa when he opined that “rural areas which are remote from the power grid and have low consumption or low power purchase potential will not be attractive to private power investors and such areas may remain unserved for the distant future”. Government will need to show a clear interest in paying for what they consume, to encourage investors to continue to serve them. Government should know that, subsidising electricity tariff for rural and urban-poor will create economic advantages, improve students’ learning (e-learning) both in reading and research and food production by farmers,even as it would reduce the rate of rural urban migration. It will also contribute to the attainment of Millennium Development Goals, MDGs

Julius Elusakin is of The Premier University of Sao Tome and Principe. Send your views by mail or sms to PMB 10001, Ikoyi, or our Email: mail@ nationalmirroronline.net mirrorlagos@ yahoo.com or 08164966858 (SMS only). The Editor reserves the right to edit and reject views or photographs. Pseudonyms may be used but must be clearly marked as such.


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Editorial

Monday November 18, 2013

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

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FIDELIS LEMCHI OWOAMANAM

„

ACTING MD/CEO

BOLAJI TUNJI

„

DAILY EDITOR

SEYI FASUGBA

„

SUNDAY EDITOR

GBEMI OLUJOBI

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SATURDAY EDITOR

DOZIE OKEBALAMA

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COORDINATOR, EDITORIAL BOARD

CALLISTUS OKE

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EDITORIAL PAGE EDITOR

ISE-OLUWA IGE

„

ABUJA BUREAU CHIEF

KAYODE BALOGUN JNR

„

SM, STRATEGIC DEVELOPMENT

FRANK OBOH

„

HEAD, GRAPHICS

Checkmating import duty waiver abuse

wo basic forms of abuses trailing the granting of import duty waivers are easily distinguishable. They include the indiscriminate granting of the waivers and the conversion of the concession to uses other than what they were intended for. Both forms of abuses result in huge loss of revenue to the country. Between 2000 and 2008, for example, the records of the Nigerian Customs Service (NCS) clearly indicated that the Federal Government lost the sum of N276.9 billion to import duty waivers; with a confirmation from a past Finance Minister, Dr. Shamsudeen Usman, that there were, indeed, flagrant abuses of waivers and tax concessions between 2000 and 2007. In 2010, the sum of N6.6 billion was reportedly lost to tax concessions and waivers granted to some companies by the Apapa Customs Command alone. Similarly, in 2011, a colossal sum of N37.2 billion was lost to import duty waivers granted to importers of raw materials. The development compelled the FG to suspend the granting of waivers and concessions in 2012. But on June 23 of the same 2012 the suspension order was handed out, the Lagos State Government secured a duty waiver from the Presidency on a number of vehicles imported for the 18th National Sports Festi-

FROM RECENT DEVELOPMENTS, IT WOULD SEEM THAT

IMPORT DUTY WAIVERS AND RELATED

CONCESSIONS’ ABUSE HAS REACHED AN INTOLERABLE LEVEL val (Eko Games 2012); implying that any decision by the FG to suspend import duty waivers could be an uphill task in practice. Unfortunately, too, the Lagos State waiver appears to have been abused with the inclusion, by Coscharis Motors, of the controversial bullet-proof BMW cars purchased by the Nigerian Civil Aviation Authority (NCAA) purportedly for the Minister of Aviation, Princess Stella Oduah.

From recent developments, it would seem that import duty waivers and related concessions’ abuse has reached an intolerable level that it could provoke a contest between the National Assembly (NASS), on the one hand, and the Finance Minister and the NCS, on the other, regarding who should exercise the power to grant waivers on imported

goods into the country. Even the Presidency might be involved. In the first place, abuses have been recorded against both the Presidency and the NCS in the granting of duty waivers and tax concessions in the country. In view of its nature; and in tandem with global best practices, the power to grant import waivers is the prerogative of the executive arm of government. But the power ought to be exercised with caution and utmost prudence in the interest of the nation’s economic health. Such privileges should not be recklessly dished out as political patronage, as appears to be the case, presently.

Three forms of import waivers have been identified; namely: political waivers, economic waivers and legal waivers. Political import duty waivers are duty exemptions granted to friends of people in government, and it accounts for the largest chunk in the computation of loss of import duty revenue. Only political maturity, responsibility and restraint backed by the force of law can mitigate this form of import duty waiver abuse. The nation can do without it; and it is our considered opinion that it should be abolished entirely by

legislation, if the NASS is determined to do so. The economic waivers are expedient for stimulating the growth of vital domestic industries; or for wooing investors who require tax concessions on imported items to reduce over head cost of operations. It is applied globally by executive heads of government to grow their national economies. The legal waivers are those established by the treaties or conventions of sub-regional, regional and multinational organizations to which the country is affiliated; and it is legally obligatory for the Presidency to grant them whenever the need arises. Thus, the advocacy of total abolition of import duty waivers or the vesting of the power to grant same on the NCS is oblivious of the imperatives of the complex nature of the country’s political economy and the international commitments of modern governments. We dissociate ourselves from such advocacy; but insist rather on stringent regulation to make the exercise of such powers to be entirely contingent upon the genuine needs of the Nigerian economy and the conventions and protocols of the international political and economic order(s) to which the country is signatory.

ON THIS DAY November 18, 1988 War on Drugs: U.S. President Ronald Reagan signed a bill into law allowing the death penalty for drug traffickers. “War on Drugs” includes a set of drug policies that are intended to discourage the production, distribution, and consumption of illegal psychoactive drugs. It is a term commonly applied to a campaign of prohibition, military aid and military intervention to define and reduce the illegal drug trade.

November 18, 1993 In South Africa, 21 political parties approved a new constitution, expanding voting rights and ending white minority rule. The country’s current constitution, the fifth, was drawn up by the Parliament elected in 1994 in the first non-racial elections. It was promulgated by President Nelson Mandela on December 10, 1996 and came into effect on February 4, 1997, replacing the Interim Constitution of 1993.

November 18, 2003 The Massachusetts Supreme Judicial Court in the United States ruled 4 to 3 in the Goodridge v. Department of Public Health suit that the state’s ban on same-sex marriage is unconstitutional; and gave the state legislature 180 days to change the law. This made Massachusetts the first state in the US to grant marriage rights to same-sex couples. It was a landmark state appellate court case dealing with samesex marriage in Massachusetts.


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Business Courage

Monday, November 18, 2013

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Cover

The worsening plight of Nigerian shippers, especially those in the hinterlands in the face of perennial port congestion and other infrastructural deficiencies more than ever underscores the urgent need for the optimisation of the Inland Container Depot (ICD) facilities spread across the country

By Francis Ezem

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o say that Nigeria’s seaport facilities have been over-stretched is to state the obvious. A one- time managing director of the Nigerian Ports Authority (NPA), Chief Adebayo Sarumi recently admitted this fact when he said that the nation’s seaports have been over stretched by nearly 100 percent. According to him the installed capacity of all the ports is to handle between 40-45 million metric tonnes of cargo per annum, saying that the ports currently handle over 80 million metric tonnes annually, a

development that has put has seriously put a strain on the facilities. It was probably in realisation of this fact that the Nigerian Shippers Council, Federal Government’s agency charged

with the duty protecting the interest of shippers (importers and exporters) sometime in 2000, came up with the idea of establishing Inland Container Depots (ICD). An ICD is a dry port facility

Business Courage A Publication of GLOBAL MEDIA MIRROR LTD BARRISTER JIMOH IBRAHIM, OFR Š PUBLISHER SEMIU SALAMI ADEJUWON OSUNNUYI BIODUN ALADE EMMANUEL OGBONNAYA

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EDITOR STAFF WRITER REPORTER REPORTER

SEYI OKUMODI

Š SENIOR GRAPHIC ARTIST


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usually linked to both the roads and rail lines to facilitate easy movement of cargo (imports and exports) to and from the conventional seaports. Under the project, imported goods meant for a certain hinterland areas would be transferred by rail to the facility where importers in the hinterlands could access their consignments at cheap rates and move same to their warehouses. The ICDs are also to serve as rallying points for exporters, where their consignments for export would be moved by rail to the conventional seaports. In addition to bringing shipping services to the door-step of the shippers, another cardinal objective of the ICD concept was to remove the pressure on the conventional seaports, which have always been congested by moving the consignments to the nearest dry port as soon as they arrive where their owners would clear and deliver to their respective warehouses and destinations at less transport cost and stress. For effective coverage of the hinterlands across the country, five locations were chosen. They include: Erunmu Ibadan, Oyo State South West; Heipang, Plateau State, North Central Zawachiki, Kano State North West; Isiala-Ngwa, Abia State South East; Maiduguri, Borno State North East. The concessionaires have also since emerged comprising of Catamaran Logistics Limited for the ICD in Ibadan, Duncan Maritime Services Ltd for the

Business Courage

Monday, November 18, 2013

Jos ICD, Eastgate Inland Container Terminal Ltd for Isiala Ngwa, Dala Inland Dry Port for Kano and Migfo Nigeria Limited for the ICD in Maiduguri. The council had also established some other Container Freight Stations for adequate coverage of the nation’s hinterlands. This project, which conforms to the transformation agenda of the current administration, was executed in three phases comprising the documentation, engagement of the concessionaires and the final phase which is take-off. It was also gathered that most of the facilities have received their Certificate of Occupancy (CoE) from the host state governments more than two years ago. Investigations also show that while the project was conceived sometime in 2000, the documentations were completed by 2003 while the Federal Executive Council (FEC) gave its nod only in 2007, shortly after it was gazetted. Records show that the project was gazetted vide Federal Republic of Nigeria Official Gazette No.30 volume 94 of 21st May, 2007. Executive Secretary/CEO of the council, Barrister Hassan Bello while fielding questions from journalists at a public function in Lagos insisted that the council is more than ever committed to the ideals of the ICD project. According to him, in addition to helping bring shipping services to the door step of shippers across the nation and assist in decongesting the seaports and make them more user-friendly, the ICDs will also help revive and modernise the railway as a primary mode for the long distance haulage of cargo. The project will also in no small measure assist in the reduction of overall cost of transit cargo to landlocked neighbouring countries. He also said: “The ICDs will facilitate the establishment of customs clearance facility close to production and consumption centres, improved container usage and reduction in the movement of empty containers, improved turnaround time of ships thereby reducing demurrage and avoiding pilferage and also help in the issuance of true Bill of Lading by shipping lines and thereby assuming liability from dispatch to destination ports” In addition, when fully operational, the project will facilitate a reduction in freight and an increase in trade flows; enhance optimal use of surface transport and the decongestion of the sea ports and also a reduction in marine pollution activities around the seaport. The project when fully operational will provide the required catalyst for economic growth,

as it will enhance easy and safe access to international shipping facilities in the hinterland thus giving a boost to inland trading, revitalise export agricultural products leading to multi-product economy and also create various employment opportunities thereby stemming ruralurban migration and ultimately lead to increase in government revenue, among several others. Above all the project will also read to a drastic reduction of the pressure on the existing road infrastructure and the attendant high cost of maintaining them as well as checkmate the worsening carnage on the roads due to over use. Unfortunately, more than two years after the completion of the various processes, the ICDs are yet to take off effectively due to a combination of the poor state of the existing rail facilities and the insecurity in the country. A stakeholder, who spoke on the condition of anonymity, insisted that the current state of Nigeria’s rail system was a more potent factor in the failure of the project to takeoff. Another stakeholder also said: “The activities of the Islamic sect, the Boko Haram and recurrent ethnic face-off in Plateau State is a main cause of the failure of the ICD in Heipang, Jos and Maiduguri in Borno State while the worsening cases of kidnapping and ransom taking in the South-East had affected the take-off of the ICD in Isiala-Ngwa, Abia State”. In the face of these daunting challenges, the financiers and technical partners to the concessionaires are currently reluctant to further support the project. It was also gathered that the attitude of some host state governments towards the project has also not helped matters as many of them have failed to meet their obligations in the agreements they signed with some of the concessionaires, especially their failure to release funds to cover their equity share in the project. In all these, stakeholders believe strongly that efficient operation of the ICDs will integrate Nigeria’s transport and logistics chains into the existing port system to ease vehicular and container traffic at the seaports. President of the National Association of Government Approved Freight Forwarders (NAGAFF), Chief Eugene Nweke, one of such stakeholders, who believe in the ICD concept, noted that forwarders are ready to work with the council towards the success of the project. While applauding the initiative of the council in establishing the ICDs, he argued that the project will go a long way in addressing many of the trade obstacles faced by importers and their agents, especially those in the hinterlands.

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Idris Umar, Transport Minister

Habibu Abdullahi, Managing Director NPA

He however regretted that the biggest obstacle to achieving the goals and objectives of the ICDs was the issue of ineffective rail system linking the ports in the country. While expressing strong belief that these goals and objectives are still achievable, he urged the Federal Government to show more practical commitment in the area of ensuring that the ports were linked with the rail line, adding that this was the only thing that will lead to the success of the ICDs. “ICD project, essentially, is targeted at facilitating trade by way of decongesting the ports. It is to decentralise cargo clearing and boost the economies of other zones where they are

located, and also open up the hinterland. It is a wonderful concept, but the effectiveness of the ICD or any project no matter how beautiful it is or how wonderfully packaged, is the transport mode of moving these cargos from the seaport to the hinterland where the ICDS are located”, Chief Nweke insisted. According to him, if an importer or his agents wants to move cargo say Lagos to Kano and the rail tracks are not in order because they are probably still test-running them and the importer also discovers that he cannot use the roads because they are also bad because they have been overstretched, there is little or nothing such imContinued on pg A4


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Continued from pg A3 porter can do because if one must think about ICD, he must think about intermodal transport system. “There should therefore be efficient networking system for the ICDs to work effectively. The rail tracks must work and well too. Transport modes must be coordinated well for our ICDs to thrive. And government must support the Shippers Council that is promoting this project so that the objectives are fully realised. It is not about building the ICDs, but if there is no access, there is a problem”, he further argued. Chief executive officer, Africa-Middle East Region of APM Terminals, Peder Sondergaard, who also spoke recently on the declining transport infrastructure in Nigeria, expressed fears that this might pose a major challenge in the future. Sondergaard said: “competition is intensifying regionally and within Nigeria while hinterland connectivity faces certain infrastructure constraints. “30 years from now, Nigeria will have close to 250 million inhabitants putting even more pressure on city centers, roads, and rail”, he observed. He also said:”During the last 50 years, volume of cargo transported by rail has dropped from 88 percent to nearly nothing. Experts have however continued to decry the poor state of the rails in the country, which apart from hampering the success of the ICD project, also hamper effective economic development through efficient and cost-effective movement of goods and people. There is also strong fear that most of the seaports do not have rail connections, which they argued must be put in place for the ICDs to work effectively. This is because rail connections have become an integral part of any port system in most developed and developing economies, which makes for efficient and cheap movement of consignments for imports and export. The stakeholders cited the example of India, which has a lot of historical and economic factors in common with Nigeria including being densely populated. “India as densely populated as she is, rail transport accounts for over 80 percent of the means of movement of goods and people while in Nigeria which is less densely populated, rail constitutes less than two percent of the means of movement of people and goods. This definitely portends a great danger to the economy, especially given that transport is critical to the development of any economy”, a stakeholder said. But he believes that the ICDs could still work if the government continues with the current tempo in revamping the existing rail system while building more standard gauge for speed trains. The current strategic plan for the development of rail infrastructure in Nigeria by the Federal Government through the development of a comprehensive master plan for high speed rail across the federation is an indication that the ICDs will work. Government had in the last years shown commitment to the revamping of the existing narrow gauge while developing new standard gauge across the federation, which also brings a glimmer of hope for the ICD project on which the council has put in so much in the last 13 years. The earlier this is done the better so that the full benefits of the ICDS will be realised. BC

Monday, November 18, 2013

(L - R): Group Chief Executive of Primlaks Group, Ravi Hemnani; Christina Knaub; Production Manager, Omolara Ajayi; Admin Officer, Temitayo Agunbiade and Accounts Officer, Oluwayemisi Olaitan at the Venus Packaging and Processing Ltd (VPPL) stand at the recently concluded ANUGA 2013 World Food Expo in Cologne, Germany

FG urged to develop Nigeria’s capacity for economic transformation Stories by Emmanuel Ogbonnaya

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he Lagos Chamber of Commerce and Industry (LCCI) has urged the federal government to do more in growing the nation’s capacity to transform the economy. The chamber said it was critical for the investment environment to be made more conducive for private sector participation in the recovery and transformation of our economy. In its fourth quarter assessment of the economy, the chamber noted that despite all the concerns about the state of our economy, Nigeria still offers tremendous opportunities for investors. According to the president of LCCI, Goodie Ibru, “What is missing is the capacity to harness these opportunities for our common good and I am confident that this will happen before long.” He called for increased support for SMEs and business start-up through capacity building and funding; the encouragement of domestication of private and public sector spending in order to boost the multiplier effect of domestic spending on the economy and scaling up of infrastructure spending to enhance the capacity of enterprises to create jobs. In the period under review, Ibru noted that most investors still face challenges in accessing credit just as worries over high interest rate persist, stressing that risk assessments and criteria for credits have remained stringent and rigorous. “We should not forget that banking is basically a financial intermediation activity; if the banks are not lending and yet continue to take deposits, they will be failing in their fundamental function of financial intermediation. “ “We appreciate the demand side

issues that have been often alluded to by the banks. But the truth is that in spite of those challenges profitable business could still be done in this economy and investors should be encouraged to invest and take risks,” he said. He disclosed from the report, that there was an urgent need to moderate the growth of domestic debts and free resources for investors in the economy adding that there should be full compliance with the provisions of the Fiscal Responsibility Act with regard to debt management. “The Act prescribes that government borrowing should basically meet the following conditions: Borrowing should be for capital expenditure and human development; Borrowing should be on concessional terms with low interest rate and with a reasonable long amortization period subject to the approval of the appropriate legislative body where necessary,” he said. He posited that evidently, compliance with some of these provisions has not been adequate and that there was therefore a need to improve on compliance. We note the progress made so far on the power sector reform particularly on the privatisation of the sector.

He noted however, that the power situation continues to pose severe challenges to operators in the period under review, with complaints registered across all sectors about high energy costs especially high expenditure on diesel. Also he said that Cargo clearing at the ports still remain a major source of concern for investors in the economy, with issues of unwarranted demurrage charges by shipping companies and terminal operators, high charges by terminal operators, excessive documentation, corruption, port logistics, poor access roads, continuing to trail cargo clearing process at the Lagos Ports. “These problems have lingered for too long and we urge the authorities to act quickly to address them. The 4th quarter 2013 aggregate Business Confidence Index (BCI) moderated to 17.6 per cent from 24 per cent it posted in Q3. This drop was witnessed across all sectors and regions in the country. Manufacturing sector remains the most troubled sector as evidenced by the pessimism of the industry operators,” he said.

Lagos rebrands and revalidates cooperatives on ICT platform

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he Lagos state government in recognition of the potential of cooperative societies as a veritable tool for economic development has embarked on a rebranding initiative for all cooperative societies in the state that will reposition them on the ICT platform for more efficiency and access to incentives. The exercise which is aimed at revalidating all existing cooperatives through the process of digital data capture will end on the 11th of December; similarly the state government has concluded the refurbishing and computerisation of all 20 area offices of cooperative societ-


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ies in the state as part of the rebranding. Making these known to newsmen, the commissioner for agriculture and cooperatives, Gbolahan Lawal, stated that the ministry obtained the go-ahead from the state governor, Babatunde Fashola, in order to create more opportunities for the cooperatives to attain economic relevance like their global counterparts. “You cannot overemphasize the importance of innovation and ICT. With ICT you can do a whole lot unlike the manual registration of these societies which were done a long time ago, this present exercise will enable us to avoid some of the problems associated with past manual exercises,” he said. He explained that the choice of cooperatives as a vehicle for delivering various economic empowerment programs in the state was due to the state government’s awareness of the tremendous contribution of the cooperative movement to the attainment of developmental goals. “This exercise is therefore aimed at revalidating cooperative societies’ registration as well as their data collection which will serve to furnish the ministry with a robust data base that will enhance proper identification, planning, proper administration and effective monitoring of cooperatives in the state. He stressed that it will also mitigate some of the challenges that officers encounter while on the job which included but not limited to tenure elongation, mismanagement of funds, and non-rendition of annual accounts and non-holding of meetings. “In the process, we have also embarked on rejuvenating all the 20 area offices by furnishing and computerizing them in order to improve on the services that the ministry provides to these various cooperatives,” he said. He explained that without knowing the exact number of duly registered members of these cooperatives it will be difficult to plan for them and give them access to incentives and other sectoral benefits. “Success has been achieved

in most state sponsored programs and World Bank projects such as FADAMA, CADP, RUFIN, cassava input supply, fishing input supply and agricultural youth empowerment schemes (AGRIC YES) through the well structured cooperative societies in the state,” he said. He disclosed that whatever data collected through the exercise will also be sent to the Lagos state bureau of statistics to assist in the economic planning and budgetary provision for the entire state. “Before, it was difficult to easily access information concerning these societies because of the filing method, now that there are being computerised one can easily find out where they are, what they are doing and what their needs are and effectively plan and reach out to them through our digital database,” he said. On the cooperative college, the commissioner hinted that before the end of next year the college will be awarding diplomas as a Bill is currently being processed to be passed by the State Assembly to that effect. In his remarks, the president of Lagos state cooperative federation (LASCOFED, Oriyomi Ayeola, decribed the exercise by the state government as a move in the right direction, coming at a time when cooperative societies were in dire need of revamping. Ayeola, who was represented by his 1st vice president, Kola Sanusi, stated that the exercise will also bring to an end misleading statistics in the cooperatives sector. “It is pertinent to state here that there is an urgent need for cooperatives leaders to embrace information technology as that is what drives corporate organisations and businesses now. There is need for us to gather statistics on our activities and make them available and accessible to the world in order to attract the needed global attention to what we are doing,” he said.

CitiServe Empowers Network Partners (CNPs) for Power Services

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Business Courage

Monday, November 18, 2013

itiServe Limited, has empowered its network partners to provide essential services in the on-going reforms in the power sector. CEO, Citiserve, Lola Ogunbambi, who said this at a press briefing in Lagos, listed some of the products and services provided by the company to include utility tokens and credit for telephone, power, PayTV amongst others, from the comfort of their homes and with flexible tools and work hours to

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Philip Ikeazor, Managing Director/CEO, Keystone Bank with Peter Knodt - Managing Director/Global Head, Trade Finance Financial Institutions during a business visit of Deutsche Bank official to Keystone Bank Head Office recently

Ogunbambi

consumers in their neighbourhood 24/7. Citiserve she added, has empowered hundreds of its network partners to provide these services for power payment for prepaid meters in some discos. For the first time in the evolution of the power sector, the CitiServe boss noted that the availability of door-to-door services would now be possible. The synergy would provide a win-win situation for stakeholders, she added. Beyond payment channels to electricity consumers, other services by the CNPs in the value chain of electricity distribution (POWER) she explained, include customer enumeration, Meter Reading and Bill Distribution to provide convenience. CitiServe is an integrated e-payment solutions and services provider, licensed as a PTSP and a stakeholder in the ongoing cashless policy of the Central Bank of Nigeria (CBN). Prior to the advent of the CBN cashless policy, the company was actively involved in electronic vending distribution

(EVD), focused on the sale of Personal Identification (PIN) based products from its ORANGEWORLD Platform. The platform, she explained is built to provide convenience, efficiency and value added services to consumers. The CitiServe boss said: “The strategy was, and still is, to increase distribution and access to services it provides nationwide, reaching every ward in each state of the country. As an EVD company, CitiServe has over twenty thousand partners including private individuals, beneficiaries from states governments and non-governmental agencies nationwide on its network, developed as an empowerment strategy – to provide income avenues through commissions earned on sales of numerous products and services available on the channel in their neighbourhood.” Periodically, she said the CNPs go through sessions of training on new services and products to give them the basic knowledge of how to be self sustaining, independent and Know Your Customer (KYC) on product selection and buying patterns’ for their areas. This, according to her, helps them manage stock and restock can be done from the convenience of their homes as they have access to these code online and offline, using individual and personalized electronic channel - the OrangeBox terminals. Over the last two years, CitiServe has developed applications and solutions for IGR collection that currently work in Oyo, Osun and Lagos states, bulk download solutions and pump payment for petrol station.

She said: “Our focus is to expand access to services and inadvertently increase the number of account opening at banks and thus accelerate financial inclusion especially in the rural areas. “This is indeed an exciting time. CitiServe remains committed to offering radically superior value to stakeholders in terms of easy to use tools, a variety of products, convenient and reliable service, accurate and consistent delivery. Living up to our motto… Making life easier.”

“Nigeria is the best place to invest in” Stories by Abiodun Alade

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igeria has been described as a viable place for investment, especially for Nigerians in diaspora, who are seeking a return to the country and an opportunity to contribute to the economic adavancement of the most populous black nation. This was disclosed by the Chief Exceutive Officer of Ereke Royal Company Limited, Aderemi Efunnuga, who had lived and worked in America and Europe for over 30 years. He reckoned that Nigeria is the ideal place to invest considering the population and visible development in the country. “There is no place like home. We need to bring back home some of the things that make countries abroad more conduscive to our people. It amaze me that in this century, you visit cafeteria and some eateries, only to eat in an un-


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Business Courage

Monday, November 18, 2013

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News I have been abroad since 1985 and the best thing is to come home and contribute to the country. With the buka and the fish farm at Ikenne, I am giving hope to a good number of people and I am also taking them off the poverty level,” he added.

Efunnuga

conduscive environment. That is one of the rason why I have chosen to establish the Ereke Royal Buka where you can eat your local foods with as low as fifty naira in a comfortable and friendly environment. You don’t have to spend thousands of naira just to have a meal and it is not only foreign meal that are enjoyable; it depends on the way you prepare our local foods such as Ofada rice, amala with gbegiri, pounded yam, edikakang, tuwo among others. so we intend to give Nigerians the best of food at an affordable price in an environment that you can be proud of,” he said. Efunnuga reckoned that Nigeria is not only bless with natural materials but that Nigerians are enetrprising and hardworking, stressing that with the right working environment, Nigerians are without equal in productivity and efficiency. “Nigeria is a good place for investment, there are so many opportunities available in the country; these opportunities are available for investors to tap in. Although, we have our challenges like every other countries of the world but we are capable of surmounting them if our government show more drive, concern for the citizens and put a stop to the rate of corruption in the country,” he enthused. He beckoned on Nigerians abroad to channel some of their investments into the country in order to take advantage of the opportunities available and to also create jobs for the teeming unemployed youth in the country, stressing that such act will have a positive effect on the prospect of the country. He stressed that the establishment of the company,which also includes a fish farm in Ikenne,Ogun state is a testimony of his interest in the development of Nigeria and the welfare of Nigerians. “It is my little way of adding value to the economy and also provide jobs for as many people that I can employ; directly I have twenty persons in the employment of the buka (cafeteria). Everybody can come in and eat at the buka which is a place of relaxation and unlimited fun with adequate security. We also operate bar.

Stakeholders doubt Govt’s automotive policy

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ome stakeholders in the automotive industry have expressed doubt on the workability of the Automotive Industrial Policy Development Plan adopted recently by the Federal Executive Council (FEC). The policy is aimed at ensuring increase flow of investments to stimulate manufacturing of cars and ultimately phase out gradually, the importation of secondhand cars, popularly known as Tokunbo. Some of the stakeholders who spoke with Business Courage argued that the policy would not work due to the lack of the needed facilities in the country, pointing out that similar policy in the past had failed as well. Prince Kunle Oguntayo, the Chief Executive Officer of Royal Motors, argued that with the present epileptic power supply and moribund infrastructure, the cost of manufacturing cars in the country would be far expensive for an average Nigerian to buy. He said, “I pray the government will be able to do it but I do have my fear. In all sincerity, nobody takes delight in second hand cars but the situation in the country warranted it. How many Nigerians can afford a new car either manufactured here or imported? Very few. He added, “I am sure with epileptic power supply and inadequacies of infrastructure; it will be more expensive to manufacture a car in Nigeria than to import it. It was the same thing that happened to the tyre industry; the environment was not friendly and they left to neighbouring countries such as Ghana. So, the government needs more than a mere policy to achieve the desired

Oguntayo

result”. He enjoined the government to provide the needed environment for the automotive industry to thrive, stressing that notable names in the industry will beg to come to Nigeria if the environment is friendlier while cautioning that the government will only end up enslaving Nigerians to the few companies it will be able to cajole or begged to establish automobile manufacturing company in the country if the policy is pushed without the enabling environment for it to thrive. According to Ayodele Oluokun of Hope Ventures, a spare parts dealing company lamented that government will only compound the economic hardship of the majority of the citizens, arguing that the policy will fail in the long term. He said, “the government is not serious about the policy because we do not have the environment for it. It is simply a way of compounding the problem and maybe probably a way to enrich a few cronies because there is no noticeable evidence that suggest that we are ready to start manufacturing cars”.

Daniel said the commission had a Help Desk to assist insurance companies to ensure that they presented proper financial statements for approval. Nicholas Opara, NAICOM Director of Supervision, said that most of the reports submitted by insurance companies did not meet the IFRS. Opara said this while delivering a paper titled ``IFRS Implementation: Observed Issues and Challenges with 2012 Statutory Report.” He said that some of the auditors involved in compiling such accounts had been reported to the Institute of Chartered Accountants (ICAN). He said that NAICOM would continue to supervise financial statements and approved them when the required standard was met.

Najah

Nigeria energy usage to rise by 40 per cent between 2010- 2030 – OPEC Daniel

NAICOM will not approve non-compliant financial statements

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he National Insurance Commission (NAICOM) on Friday said the commission would not approve financial reports of insurance companies that failed to meet the International Financial Reporting Standard (IFRS). Mr Fola Daniel, the Commissioner for Insurance, said this at the 2013 NAICOM seminar for insurance correspondents in Ilorin. ``IFRS represents proper way of presenting financial accounts, as such; the commission will rather delay clearance of financial accounts submitted by some insurance companies than approving deceitful statements. ``It will be bad if the commission allows non-worthy account to be put in the public domain,” he said.

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r Taher Najah, an Oil Industry Analyst with the Organisation of Petroleum Exporting Countries (OPEC), says Nigeria’s energy usage is expected to rise by 40 per cent between 2010 and 2030. Najah made the projection on Friday in Lagos at the just concluded 31st annual conference of the Nigerian Association of Petroleum Explorationists (NAPE). He said that this level of production was required to lift billions of people out of poverty Najah said that with population and incomes projected to rise, the real challenge remained how to manage and meet the energy needs. “The question that begs for an answer is what types of energy will the world use and how much, where it will come from and how new technologies, efficiencies and policies impact on the market. ``With energy use expected to rise by 40 per cent between 2010 and 2030, this is required to lift billions of people out of poverty, ``The expectation will be

huge gains that producing nations make in terms of market share,’’ he said. Nahah, however, said that global peak oil production would be expected before 2030 and there existed significant risks that would occur before 2020. He said that extraction was currently expanding too slowly to mitigate post early peak oil decline in conventional sources, adding that this could be changed by new technologies. Najah said that oil and gas would continue to lead as the largest energy source and the whole world would continue to find itself in a landscape dominated by the intricacies of the oil and gas business. The OPEC official said that for most developed economies, efficiencies and new technologies remained key solution to mitigating risks. ``Whether Nigeria looks east or west, several puzzles will first have to be resolved internally, before tapping into the opportunities created globally or mitigating the risk the global dynamics presents. ``These sprawling opportunities created by the industry around the world remains an unrivalled stimulus to economies actively engaged in oil and gas,’’ he said.

MDGs trains 7,500 youths in agric practices

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he Millennium Development Goals (MDGs) Office says it has trained 5,000 youths and 2,500 women in various agricultural value chains to enhance the Agricultural Transformation Agenda of the Federal Government. In a statement signed by Dr Christopher Otabor, the Head, Information and Communications unit of the agency on Friday in Abuja, the agency said that the training was done in collaboration with the Federal Ministry of Agriculture and Rural Development. It said the training covered poultry, bull fattening, sheep and goat production, bee keeping, crop production and extension services, among others, in some communities in the country. ``More than 2,500 women have been trained in poultry, bull fattening, sheep and goat production, bee keeping, crop value chains and extension among others. ``MDGs Office has consistently supported the ministry in three principal areas which include training of youths and women in agricultural practices, funding of extension services and construction of rural feeder roads. “We have been able to train


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Business Courage

Monday, November 18, 2013

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News

Otabor

5,000 youths in 10 different value chains and provided start-up packages for 6,000 youths, including providing access to credit and other inputs.’’ The statement expressed the commitment of the Federal Government in ensuring the creation of an environment conducive for job opportunities in the country. To this end, the statement noted that the government had introduced various initiatives such as the Conditional Cash Transfer (CCT), Youth Enterprise with Innovation in Nigeria (YouWiN), Growth enhancement Support scheme (GES) among others, aimed at boosting the nation’s productive capacity. It explained that the objective of the schemes was to help the current generation of Nigerians to break the cycle of poverty as well as to develop the human capital. Furthermore, it stated that YouWiN was aimed at encouraging aspiring entrepreneurial youths across the country to develop and execute business ideas. It noted that Nigeria had partly achieved the MDG 1 focusing on reduction of extreme poverty and hunger by half ahead of the 2015 target date.

Don laments decline of Nigerian experts in product branding

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r Usman Owolabi, a don, on Friday said that the number of professionals in creative branding of products were on steady decline in Nigeria. Owolabi, a lecturer at Ladoke Akintola University of Technology, Ogbomosho, made the assertion in Lagos during an interview with the News Agency of Nigeria (NAN). According to him, the limited number of experts in creative branding of products has impacted negatively on the perception of locally produced goods by consumers. Owolabi advised branding professionals to evolve new ways of brand packaging and educate Nigerian manufacturers on the advantages of good

brand packaging. “Seminars must be held regularly on the best practices that will enable indigenous manufactures to compare their business approach with those of foreign companies. “The symposium should include the most recent methods in branding and how to get feedback from consumers,” he said. Owolabi said that the economic implication of branding required consumers, in most cases, to bear the extra cost.

are not widely acceptable and they follow them strictly. ``Sometimes, they go as far as applying sanctions and discouraging their citizens from doing business with nations which do not accept these value

IITA and NAFDAC increase farmers’ awareness on aflatoxin control

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Nigeria is yet to benefit from AGOA – Envoy

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r Geoffery Teneilabe, Nigerian Consul-General to Atlanta, U.S., on Thursday said that Nigeria had not benefited enough from the African Growth and Opportunities Act (AGOA) programme. Teneilabe stated this in an interview with the News Agency of Nigeria (NAN) in Lagos. He said that contrary to the spirit of the programme, the U.S. Government had not been encouraging import of non-oil commodities from Nigeria. NAN recalls that AGOA was enacted to encourage countries in assist sub-Saharan Africa to export garments and other non-oil products to the U.S. Teneilabe said that the AGOA would be extended in 2015, but expressed regret that Nigeria had not enjoyed its benefits like other African countries. According to him, Ghana, Mauritania and Gambia have immensely enjoyed the liberalised tariffs and duties on their exports to the U.S. ``The only export product from Nigeria that the U.S has largely encouraged is crude oil. “This is not in line with the advocacy of the Nigerian Government to focus on the non-oil sector, especially agriculture. ``Nigerian exporters currently transport their goods to neighbouring countries in order to transmit them to the U.S. because restrictions are less strict in those countries”. Teneilabe appealed to developed nations to desist from formulating policies that could hamper global trade relations. ‘’They set some values that

igeria’s food and drug regulator, the National Agency for Food and Drug Administration and Control (NAFDAC), in collaboration with the International Institute of Tropical Agriculture (IITA) have raised the awareness of farmers on available aflatoxin mitigation methods with the aim of boosting crop yield and increasing their incomes. The awareness workshop which was specifically organised for the country’s southeastern region was hosted in Enugu state. According to the the Director General of NAFDAC, Dr Paul Orhii, the goals of the campaign were to educate consumers, farmers, and the industrial sector on the risks and harmful effects of aflatoxins in food and feeds as well as their control/reduction strategies. Dr Orhii, who was represented by Mrs Stella Denloye, NAFDAC’s Director of Laboratory Services, said, “The clear objectives are to highlight the extent of aflatoxin contamination of Nigeria’s staple foods and export commodities, the negative economic impact on trade and foreign exchange earnings and to draw attention to mitigation strategies.” “Studies in Nigeria also show high levels of aflatoxin contamination in maize and groundnut”, say Drs Ranajit Bandyopadhyay, IITA scientist and team leader for the Africawide initiative for the control of aflatoxin; and Joseph Atehnkeng, Project Coordinator for Aflatoxin Control in West Africa. “And people are consuming these toxins in ignorance, compromising their health,” they added.

Orhii

Produced by the fungus Aspergillus flavus, aflatoxins are naturally occurring fungal toxins abundant in the soil that contaminate food products such as maize, groundnut, as well as other crops. They are carcinogenic to man and cause immune-suppression, cancer, and growth reduction in animals. In some cases, consumption of high levels of aflatoxins has resulted in deaths of animals and human beings. In Kenya, for instance, consumption of maize contaminated with aflatoxins resulted in about 200 deaths between 2004 and 2006. To mitigate the spread and contamination of grains by these lethal fungal toxins, IITA and partners developed a biocontrol product aflasafe that has proven effective in controlling aflatoxins. Studies show that the application of aflasafe in farmers’ field reduced aflatoxin contamination by more than 90 percent, and birds fed with aflasafe treated maize recorded less mortality and had a higher feed conversion ratio. Adebowale Akande, Ag Results Aflasafe Pilot Manager, said the flag off aimed to introduce aflasafeTM to farmers in the south-eastern part of the country so that they could adopt, and use the product on their farms for both health benefits and higher incomes. “The more people are aware of mitigation options, the better equipped they will be to handle and manage the situation,” Akande added. The workshop in Enugu is the third in the series, coming after similar ones in Abuja and Ibadan for the north central and south western regions of Nigeria, respectively. It builds on ongoing initiatives such as the Commercial Agricultural Development Program (CADP).

Expert calls for trained hands to develop marine navigational aids system

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r Olumide Omotoso, VicePresident, Nigerian Hydrographic Society, on Friday said that the nation needed trained hands to develop its navigational aids system. He told the News Agency of Nigeria (NAN) in Lagos that the dynamism of global economy had made it imperative for the country to evolve a system to development the marine environment. He bemoaned the absence specialised institutions to train Nigerians in navigational aids. “It is bad enough that there are no institutions in Nigeria where people can be trained in

navigational aids system. “The International Association of Lighthouses and Aids to Navigation Authorities (IALA) recommends that people managing buoys must be specialists, but in Nigeria, it is an all-comers field. He said that sustainable effort was being made to train new people since a lot of old hands had left. “We are working to ensure that core professionals go for certification in IALA because over time we have lost old hands and we need to train new ones. “The basics must be done and our maritime policy still has to be altered to make it robust to take care of all the aspects,” he said. Omotoso said that Nigeria was operating the region B buoy system regarding the buoyage system classification. He said Nigeria was expected to follow the guidelines of IALA in the management of aids to navigation worldwide and on the kind of buoyage system to adopt. “Every country has a fairway buoy; it is an introduction to a buoyage system which is critical to navigation because it marks the safety zones within the waterways. “All over the world, the buoyage system is classified into different types and different regions in different countries of the world and Nigeria belongs to region B. “We are expected to follow the guidelines of IALA that manages the aids to navigation worldwide and tell us the kind of buoyage system to adopt,” Omotoso said. He said that Nigeria made use of visual and audio buoys on the waterways which informed ships of their location as they approached. He said the charts indicating the positions of the buoys were usually revised following changes due to interference from ships and these were meant to avoid misleading ships. “At times, we realign our buoys if we see that they are fouling them too much. “We create rooms to see if manoeuvring is difficult and that is how the system works to avoid misleading information. “That is what brings about the revision of charts. Information is continuous and if it no more there, we make the change.” He said that regular maintenance of the buoys kept the mariners comfortable and confident when navigating through the channels. “We monitor and maintain the buoys regularly and do immediate repairs if the damage is light, but for more serious work we take them to the maintenance workshop,” he said. BC


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Global News Zimbabwe’s economy shrank by 45 per cent during a decade-long crisis blamed on ZANU-PF, but bounced back in 2009 after Mugabe was forced to share power with arch rival Morgan Tsvangirai after violent and disputed elections the previous year.

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Zimbabwe’s rusting factories put Mugabe in a bind

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cross Zimbabwe, dozens of factories lie idle with peeling paint, rusting machines and broken roofs in once bustling industrial districts. These are symbols of the huge economic challenge facing President Robert Mugabe and his ZANU-PF party. On the surface, things look rosy after Mugabe’s landslide election victory in July: growth forecasts are looking more positive as agriculture recovers. Inflation has been tamed and the stock market is starting to buzz again after some listless post-election trading. But look behind the headlines and the landlocked southern African nation’s manufacturing heartlands, which accounted for a quarter of the economy a generation ago, are now wastelands. Some fear the decay is permanent. From Harare in the north to the second city of Bulawayo in the south, companies are working at a third of capacity, down from 55 per cent a year ago, according to the Confederation of Zimbabwe Industries (CZI). “Businesses are collapsing, and the economy will need a real big push-start to get going again,” said an accountant winding down tube-making firm BMA Fasteners and Tube and Pipe in Harare. He declined to be named for professional reasons. “At this rate, it’s frightening to think what the future holds,” the 42-year-old said, scratching his head. “I don’t think it is an exaggeration to say it might just be hell.” Although they are careful not to blame politics, industry bosses say business confidence has fallen since the 89-yearold Mugabe was declared the overwhelming victor in the July 31 election. New finance minister Patrick Chinamasa expects the economy to grow 6.1 per cent in 2014 from 3.4 per cent this year, but that will make no dent in unemployment estimated at over 80 per cent.

Brent holds above $108, heads for best week since July

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rent oil held above 108 dollars a barrel on Friday, heading for its biggest weekly gain since early July on expectations the Federal Reserve will stick with its easy money policy for now. Janet Yellen, likely to be the next Fed chief, defended the U.S. central bank’s commodityfriendly stimulus measures on Thursday, suggesting that any “tapering” would not be imminent if she takes up the job. “The market has turned a little more optimistic about the economy and most people now think quantitative easing will be continued until next year,” said Ken Hasegawa, a commodity sales manager at Newedge in Tokyo. Brent crude was five cents higher at 108.36 dollars a barrel at 0806 GMT and looked set for a weekly gain of more than three per cent. The December contract, which expired on Thursday, settled 1.42 dollars higher. U.S. crude was up 23 cents at $94.00. The comments from Yellen provided a boost to risk appetite with most commodities and equities scaling higher. U.S. crude stayed on course for a weekly drop amid high stockpiles. The benchmark has shed more than nine per cent over six weeks. The contract dipped to as low as 92.51 dollars on Thursday, the weakest since early June, after data from the U.S. Energy Information Administration showed crude inventories rose for the eighth week. U.S. crude stocks rose 2.6 million barrels in the week ended Nov. 8, far more than the one million barrels analysts surveyed by Reuters had

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expected. Brent’s premium to U.S. oil futures stood near 13.75 dollars per barrel. The spread hit an eightmonth high of 15.87 dollars on Thursday.

EU warns Spain and Italy over their budget plans

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he European Commission, the European Union’s executive arm, has warned Spain and Italy that their draft budgets for 2014 may not comply with new debt and deficit rules. It also said French and Dutch plans only just passed muster. Non-complying countries may have to revise their tax and spending plans before re-submitting them to national parliaments. It is the first time the Commission has done this. Under EU rules, eurozone member states are obliged to cut deficits until they achieve a balanced budget. They also have to reduce public debt levels. The Commission gives countries some flexibility if their deficit is below the EU ceiling of 3% of gross domestic product (GDP) and their debt levels are falling. But when Italy, the eurozone’s third largest economy, asked for such leniency over its 2014 budget plans, the Commission refused because its public debt was still rising. France, whose economy shrank in the third quarter, has taken steps to cut its deficit to below the 3% threshold, but its structural reform plans were only making “limited progress”, the Commission said. The new worry for the eurozone is deflation, or falling prices. It’s a potentially dangerous economic problem, if it’s prolonged, as it can lead to consumers delaying spending and can aggravate debt problems. New figures show that prices fell month-on-month in October for the eurozone as a whole and in 11 individual countries. Compared with a year earlier, prices were down in Greece, Cyprus and Ireland. Over the previous 12 months, prices did rise in most countries, but the rate of increase has slowed sharply across the eurozone. The European Central Bank has already taken steps to reduce the risk of deflation by cutting interest rates to a record low. The country had “no margin” for error in reducing its public deficit, the executive warned. Spain’s draft 2014 spending

plans were “at risk of noncompliance”, said the Commission, as the country does not envisage returning to EU financial norms until 2016 at the earliest. Other countries at risk of breaking EU finance rules included Finland, Luxembourg and Malta. The countries coming under the Commission’s “budgetary surveillance” are: Austria, Belgium, Croatia, Estonia, Finland, France, Germany, Italy, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Slovakia, Slovenia, and Spain.

GM recalls 15,000 Malibu sedans vehicles for fire threat

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he General Motors (GM) is recalling nearly 15,000 Chevrolet Malibu sedans from model year 2013 to check for faulty wiring harnesses that could cause a fire. GM on Friday also said it was recalling 44,406 Malibus from model year 2014 to check an issue that could cause the cars’ defrosters to malfunction. On 2013 Malibus equipped with optional power front seats, GM said the wiring harness could wear against the seat frame, which could result in “sparking, flickering lights, melted wiring, smoke or a fire.” GM said that it was aware of two fires in unattended vehicles and ``there are no known crashes or injuries’’ related to the condition. The recall covers 14,909 vehicles in the U.S., 13 in Canada and seven in Mexico. On 2014 Malibus, GM said that the heating, ventilation and air conditioning (HVAC) system might not operate properly. ``If the defroster is not working, drivers may not be able to clear the windshield,’’ GM said. The auto maker said it was not aware of any crashes, injuries or complaints due to the condition. The recall covers 42,696 vehicles in the U.S., 1,034 in Canada and 676 in Mexico.

EnQuest cleared to develop £4bn Kraken oil field off Shetland

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£4bn investment in a major oil field off Shetland has been given the go-ahead. The Kraken field, which is estimated to contain nearly 140m barrels of oil, is majorityowned by Aberdeen-based EnQuest. The construction phase of the project is expected to support 20,000 jobs.

Ewing

EnQuest also expects to take on an average of about 1,000 operational jobs in the UK for each year of Kraken’s 25-year life. The development, which was approved by the Department of Energy and Climate Change, is the largest investment announced in the UK North Sea this year. Kraken’s two heavy oil fields will receive tax allowances introduced by the UK government in a bid to stimulate investment in the sector. Chancellor of the Exchequer George Osborne said: “This is a big investment that will create jobs and boost the British economic plan. “It is also evidence that our efforts to create a competitive tax regime that gets the most oil and gas out of the North Sea are working.” Scottish Energy Minister Fergus Ewing also welcomed the announcement. He said: “I had the pleasure of meeting with EnQuest in September this year and I warmly welcome this announcement of £4bn investment in the Kraken field east of Shetland and the job creation and supply chain opportunities it will bring. “This follows on from a host of significant investment announcements recently - unequivocal evidence of the faith that the oil and gas industry has in the future of the North Sea as an oil producing province.” EnQuest chief executive Amjad Bseisu described Kraken as “a transformational project” for the company. “Companies like EnQuest are the future of the North Sea,” he said. “It is only by combining our skills and expertise with fiscal incentives, such as heavy oil allowances, that really substantial projects like Kraken are possible.” Kraken is located about 125km (77 miles) east of the Shetland Islands. The field, which will consist of 25 wells, is estimated to contain 137 million barrels of oil. Gross peak oil production is expected to be more than 50,000 barrels per day, with first oil production planned for 2016/2017. BC


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Business Courage

Monday, November 18, 2013

He was born into a respectable and by all ramifications, a very comfortable family. Though the sudden death of his father, a renowned entrepreneur who owned a record company known as Badejo Sounds Studio, at the age of nine made life unbearable for him and the other members of the family, but through competitive spirit, passion and resilience which have become his hallmark, today he heads a multinational PR firm known for its speciality in management perception. He is Yomi BadejoOkusanya, Chairman/Owner of CMC Connect Ltd By Adejuwon Osunnuyi

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miable, polite, and a gentleman to the core, Yomi BadejoOkusanya, is an enigma of sort. Endowed with keen business acumen and penchant for doing things to improve the image and welfare of others, he is never a rookie as far as the field of perception management is concerned. A successful Public Relations guru and perception management expert, he has in the past 20 years been creating tremendous value for both local and foreign business organisations through his leading PR consulting firm, CMC Connect Ltd, (Perception Managers.) Noted for having positive attitude to change initiates, BadejoOkusanya, a graduate of History from the University of Benin and an indigene of Imodi-Imosan in Odogbolu Local Government Area of Ogun State, has to his credit over two decades of work experience in integrated marketing communications consulting for organisations like the British American Tobacco, Coca-Cola, Virgin, Mastercard, Samsung, Lagos and Delta State governments, to mention a few of his clients. To him, doing business in Nigeria, it requires a lot of innovation, identifying a niche market, deploying a cutting edge technology and having the required resources and well trained manpower to deliver top of the mind services to its clientele. However, for Yomi, the urbane and bow-tie loving PR man fondly called YBO by his friends, surviving and running such a successful business has been as a result of fate, determination as well as perseverance. Born on 24 December 1962 into the family of late EmContinued on pg A10

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Business Courage

manuel and Olasumbo BadejoOkusanya, though as a young boy, Yomi had everything going for him, but the death of his father, a renowned entrepreneur who owned a record company known as Badejo Sounds Studio, which produced the following legends – Victor Olaiya, Dele Ojo, Yusuf Olatunji, Bobby Benson among others when he was barely nine years old, nearly put an end to his education. While his mother had been a full time house wife, sustaining her late husband’s business had been very difficult since she was not trained on the intricacies of the business. Hence, things were no longer the way they used to be, as the family started having challenges; perhaps quite fast. “Things were no longer the way they used to be; we could not manage the business. He had not trained my mother on the intricacies of the business and so we were not able to sustain the business. It went down quite fast. We started having challenges; perhaps quite fast. “Perhaps while he was alive, he had challenges too, but we never knew because cars were changed clockwise, food was always available, we were never late in paying our school fees. I did not know how he was doing it but a while after he died; we started to notice the difference. It was so rosy that I recall my mum never ever bought her petrol while he was alive; all she needed to do was go to the gas station, fill the tank, the driver signed and my father’s office paid, so my mum knew nothing about the car. She was not paying a driver, my dad did; he bought the cars in the company’s name and so anytime they were due for service, they would take it for servicing and whenever they were due for a change, they were changed. There were times when my mum would travel for holidays and on returning, a brand new car would be waiting for her. All of a sudden, all that changed and another world beckoned. So yes, it was pretty difficult but it was a long time ago.” The death of Pa Badejo-Okusanya actually saw his mother’s life style suddenly dropping as the family had to vacate their family house on Oduduwa Crescent, Government Reserved Area, Ikeja and moved into a rented apartment somewhere in Ilupeju. His mother took that decision so that they could raise enough money to meet their needs. Though the Badejo-Okusanyas have since got back their GRA Ikeja home and even built two others in the same vicinity, he finds the experience too exacerbating to forget. “Our life transited from what one called a very well -provided for life to facing the stark reality. We found ourselves in a situation that was quite traumatic and we just had to cope with

Monday, November 18, 2013

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Apparently, one of the things was that everybody used to tell me that I would make a good PR practitioner, but I did not know what PR was about. I do not know what they saw in me but they just kept saying that I would make a good PR person and so at the end of my service I asked myself, ``What do I want to do with my life?

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it. We were really very young; it was a challenge for my mum. I saw my mother struggling to cope, I saw her lifestyle drop. “At one point in time, we had to leave when we were issued a quit notice. In another rented apartment the landlord had to get an injunction over us, asking us to leave his house. It was not easy. But the most important thing is that today; we are back in our house here at the GRA Ikeja, and we have two other buildings still in this GRA.” Not daunted by his father’s death, Yomi simply grew up and decided to face challenges head on. He was to later continue with his education attending Igbobi College in Lagos as well as the University of Benin where he studied History. For the consummate PR guru, his journey into the world of public relations was however, apparently never by accident. Though he started his career with an advertising agency, but right from onset, it was apparent that he had his mind made up ending up as a PR practitioner. As revealed by the PR guru, he was actually spurred by what people said they saw in him hence, he decided to go for it. “Apparently, one of the things was that everybody used to tell me that I would make a good PR practitioner, but I did not know what PR was about. I do not know what they saw in me but they just kept saying that I would make a good PR person and so at the end of my service I asked myself, ``What do I want to do with my life’’? At that point there was the option of going back to school to study Law

which was what I had wanted to study at the beginning, but I thought to myself that going back to school for another three to four years was not going to be easy for me and I was not interested in doing it. I had spent enough time in school already and needed to get out there and start making some money and stand on my own. Basically, that was what I did, and I said to myself that I was going to try my luck at the PR that people said that I was so good at. So, I actually did go in and started learning about PR and that was it.” Immediately he finished his first degree in History, rather than start up his PR firm as he had wanted to do, though there were no PR consulting firms in those days and that could have been an advantage to him, he opted to work in an advertising company as he was naive that he could run a PR firm successfully by himself. According to him, while he had made up his mind never to go into any paid job and instead, set up his own PR consulting firm, he was approached by Olanrewaju Tayo; Managing Director of CT& A, who was also an ex- Igbobi College student to come and work with him. He accepted his offer and like he put it, he has never regretted taking such a decision because it indeed served as a launching pad for him. While he was with CT& A, and was working main stream advertising as a client service person, he nevertheless was promoting the management of PR as an addition. “In those days, to win a business, we just had to say, ``Yes, we are an ad-

vertising company but we will throw in the PR for you free.’’ So, we were not even charging for the PR, we would get the business and give back extra. But at a point in time, I simply decided that it was time I went fully into PR.” Having spent four years with CT & Associates, he decided to take his own destiny in his own hands. And talking about destiny, the ebullient technocrat believes that “God has deposited what each and everyone needs to survive in life”. Hence, in 1992, Yomi started CMC Connect Ltd in his residence, a flat which served as both his office during the day and his home at nights. However, today, by dint of hard work, strategic thinking and planning, the multiple award winning agency has been surmounting every challenge that comes its way. Recounting his starting point, Yomi revealed how he used to move from one office to the other, making presentations, until one day when luck smiled on him. “When you look at where you are and where you want to be, you ask yourself the next question –How can I get there? The company has undergone a lot of metamorphosis since we started in 1992 and the fact that we still exist, means we have adopted different strategies at different times to keep us on board and we are still adopting new strategies because we must take it to the next level.” Yomi revealed that at the beginning, he used to move from one office to the other, making presentations, until one day when luck smiled on him as he had his first major break with ABG Communications owned by Alhaji Bawa Garba who at that time pioneered the satellite system. “I went to him and said I would like to do business with him and he replied, “Young man, I admire your courage but beyond you doing PR for me, I would like you to also do some selling for me,” which I did alongside the PR job.”

Buying into LTC advertising ltd in 1997 as well as becoming an an affiliate with Arcay Commmunications in 2008, CMC Connect draws its competitive strength from collaborations with stronger partners both local and foreign. Aside the sense of vision and purpose which have driven and sustained the company all these years, attesting to factors that have accounted for CMC’s longetivity, the PR guru noted that partnering with the likes of Lawson Thomas and Colleague Group, LTC and perhaps the flagship of that organisation LTCJWT advertising firm and also STB McCann ,the local affiliate of McCann Ericsson has been the magic wand. “It is easier to coast along when other people think about your problems and challenges. A major problem with Nigerian business is that we are all too small, we lack capacity and capability and cannot deliver the best.” “I am looking forward to my retirement because I know I have other people who share the burden and have a larger interest in this business and continue to advance the frontiers of the business.” Five years after formation of CMC, precisely 1997, then, realising that advertising was the be- it- all, hence, putting on his thinking cap, YBO decided to speak to a couple of agencies including LTC, specifically Billy Lawson as he proposed partnership to them because piece meals were left for PR firms. He established a good rapport with him and this seemed to have been made possible considering the fact that they attended the same old school, Igbobi College. While Igbobi has been a tradition that binds its alumni together, they bonded quickly. They bought into his business and they decided to look out for one another. The game plan was that they would present him with PR opportunities and he would do same to them if he saw adverting opportunities. They commenced that relationship in 1997 and in 1999 they had a joint pitch with STB


McCann for the Nigerian Sports Lottery which they executed well. While they all came together, McCann Erickson also bought into CMC because Yomi literally owned CMC 100 percent at that time but shared it. While CMC, in the last 20 years has been the toast of the industry coasting home so many awards and recognitions, including emerging Most Outstanding PR practitioner for the past two years at the NIPR Golden Awards, to YBO, it is not yet Uhuru as he maintained that he is not resting on its oars. “Well, we thank God for all we have done so far; but I think that it is time to move on and that is exactly what we are doing. There is still a lot out there to catch.” He said. CMC Connect offers an array of services such as Strategic Communication, Corporate Communication, Marketing PR, Public Affairs, Digital Media, Perception Audit, Media Services as well as Financial PR. Majorly in the last 20 years, the firm’s clients, according to Yomi benefit from its varied skills through the firm’s crossfunctional approach to assignment execution. For instance, when it got the mandate to manage Sweet sensation on the heels of the crisis it had in 2009 leading to the closure of one of its outlets, CMC swung into action initiating and facilitating the meeting between the MD, Sweet sensation and the DG, NAFDAC. At the end of the day, Sweet Sensation was let off the hook opening more outlets. CMC also manages Cocacola’s all-year mutual relationship and understanding between clients’ brands activities and the media among others. “Our current achievements could be likened to a fisherman who, by merely fishing by the sea shore, caught a good number of fish, felt great about it and left for home without realizing that there is a whole lot more fish that could be caught if only he had the presence of mind to venture deeper into the sea. So, we are not resting on our oars; we are aiming to achieve even much more successes - successes in the light of which current achievements would pale into insignificance.” Recently, the firm entered into a strategic partnership with global publisher, the Oxford Business Group (OBG) in a move that will see the PR firm handle all the Group’s PR activities in Nigeria. The partnership, according to Yomi, is a significant step in establishing and reaffirming the company as one of the nation’s most sought after public relations firms in Nigeria and beyond. Expressing the firm’s excitement at the prospect of working with Oxford Business Group, he enthused “We are very happy about this partnership; it is a win-win situation.

Business Courage

Monday, November 18, 2013

CMC Connect will gain a wealth of experience from OBG while they also will have something to gain from our experience in the Nigeria market.” On her part, Brooke Butler, a representative of the group in Nigeria said she believes that the partnership will help position and promote the various services that OBG offers to various companies in Nigeria. In 2009, affirming its great strength and acceptability, CMC established the Abuja office. One of the things that have kept Yomi going is the fact that he really relishes his work with an undiluted passion. According to him, “Public Relations is a management tool and when you make a difference and assist the client to achieve some set objectives, it becomes exciting. I believe that some of the times we have pitched for businesses and won have also been very rewarding because it is one thing to plan on paper and another to implement.” However, running the business for more than two decades, unknown to many, going through one challenge or the other, there had been occasions which had made YBO consider quitting his job. “There were times I keep on asking myself, what am I doing here? Sometimes, I think of quitting when I am depressed but the joy is in solving clients’ challenges and that compensates for the trouble.” One of the major challenges he admitted has been access to capital. “The major challenge has been access to capital. It was 20 years ago and is still a major one today and this is because unlike other businesses, government and multinationals do not pay ahead and we end up borrowing money to execute jobs and most times the high interest rate erodes on the profits! Secondly, capacity building is a major challenge and this cuts

Okusanya

across board because standards have fallen in schools. Can you imagine engaging a degree holder who can barely write a letter successfully without mistakes? Another challenge is the clients themselves and this is occasioned by the tightening of the economy. Some clients resort to playing tricks including yanking some businesses or undercutting us and I say that with every sense of responsibility.” He submitted. But despite all these, it sounds rather strange to him, because according to him, not so many people and organisations believe in hiring perception managers to manage their image. “It’s been extremely challenging running a business like ours in this country,” he says. “A lot of people and organisations do not appreciate the role of Public Relations and even those who appreciate it are not ready to pay the required service value, such that could make us excel in what we are doing. “It’s been a very challenging journey. Sometimes, you ask yourself, why are you in this

kind of business? However, we have been able to survive by evolving the strategies that suit the challenges of time.” Radiating a sense of triumph and warmth, the high networth organizations which his company had done business with, and those still on their bill include - Samsung, International Monetary Fund (IMF), ASO Savings & Loans Plc, MasterCard, Nigerian Breweries Plc, Virgin Group, British American Tobacco (BAT), Hewlett Packard (HP), PDP, Guinness Nigeria Plc among others. The gentleman, who is the secretary-general of the African Public Relations Association, is a also a member of the Governing Council of the Nigerian Institute of Public Relations (NIPR), and a past Chairman of NIPR, Lagos State Chapter. Some of the awards which the company has in its kitty include NIPR Golden Eagle Award, Best PR Agency of The Year 2011, Best Use of PR in the Print Media 2011, Best Use of PR in the Print Media & PR Golden Eagle Awards 2010, PR Company of the Year both in

Our current achievements could be likened to a fisherman who, by merely fishing by the sea shore, caught a good number of fish, felt great about it and left for home without realizing that there is a whole lot more fish that could be caught if only he had the presence of mind to venture deeper into the sea

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2005 and 2009. Married to Oyinkansola, who is the Senior Special Assistant to Governor Babatunde Raji Fashola on Justice Sector Reform, he revealed that their relationship developed from being family friends to being husband and wife. The marriage is blessed with a child. Badejo-Okusanya has a clear picture of where he is taking CMC Connect and he does not shy away from telling whoever cares to listen. “I want to build an institution out of CMC Connect. What is an institution? An institution is something that outlives the owner. “All things being equal, I would have wished by now I should have retired from CMC Connect. So I could hand over to a younger generation. I see CMC Connect in the future being one of the most notable perception management consulting firms, running on cutting edge technology. I see it solving communication problems of the future, based on the young brilliant minds that will be working here”. Disclosing why he has been so passionate about PR over the years, he noted “I have learnt the tools of Public Relations and I realize that they are literally the tools of life; if you apply them, you are bound to be successful. There is something unique about Public Relations; it has a tool to deal with every life situation, more or less, and that is understandable because as the name implies, it deals with the publics’ relations. In the base form of it, it is public and relations, so it is relationship building, whether at home, in your family or with your friends, your boss, your subordinates etc. The whole essence of Public Relations is stakeholders’ relationship, which is what it is. “I find out that it helps to prepare me for a vast range of things; PR has got so much in it that if we could mine it, we would be much better as individuals, as a nation and as a continent. Nigeria is not at its best, not because we do not have resources but because we do not mine the resources. An example I always give - when you talk about the crime rate in South Africa, it is far higher than that of Nigeria yet a lot people still flock to South Africa because of what they sell to us. They are able to turn what ordinarily looks like an adversity into a strength or an advantage and this is the kind of thing that Public Relations does for a nation the ability to tell a story from a certain perspective. “Some people call it a spin; I disagree - we are not spin doctors. If you get water from a natural source, you purify it, that is what Public Relations does - we just purify the information approach, we filter relations process.” BC


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Business Courage

Monday, November 18, 2013

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ThebuddingEntrepreneurs

She spent 12 years for a normal five-year course in Pharmacy, but rather than get discouraged, she trudged on. Today, she is not only one of the best known pharmacist in Nigeria, her business initiative, Health on Wheels, has also thrown her into global applause, emerging as one of the winners of the prestigious Goldman Sachs 10000 women scholarship programme. Her name is Mosunmola Dosunmu. By Salami Semiu

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osunmola Dosumu, 41, a trained pharmacist obviously knew what she wanted when she stuck to pharmacy as a course of study in the university. And when a course that normally runs for five years stretched into 12 year, rather than get discouraged, Mosun remained focused and determined to see it through. Upon qualifying as a trained pharmacist, Mosun did her Internship programme at Swipha, a pharmaceutical company in Lagos where she was fortunate to work with a boss who challenged and inspired her to aim high. As an Intern, her allowance was a meagre N5, 000 per month and had to work for another retail pharmacy from 5pm to 9pm, for an extra N3, 000 per month as a way of augmenting her monthly income. Not deterred by her meagre income, Mosun remained focused and exude tremendous passion for her chosen career. However, her inspiration for entrepreneurship came after she read “Rich Dad, Poor Dad” by Robert Kiyosaki. Fortunately for her, Mosun’s husband, a medical doctor, also have a flair for business. After reading the

book, she felt the compelling need to go into business, but she convinced herself that the business must run along her professional line. However, what really gave Mosun the needed spark to give it a shot was the N115, 000 the family received as gifts at the naming ceremony of their first son. After considering a number of options, Mosun and her husband decided to use it as start-up capital for a pharmaceutical store. The entire “seed money” as she calls it, was used to purchase drugs. To pay the rent, they borrowed N250, 000 from her husband’s client, and had to embark on an aggressive savings from their salaries for six months for enough money to put the shop in order. Mosun effectively used her previous contacts and relationships to get other drugs on credit from some pharmaceutical companies and that essentially led to the birth of HealthServe Pharmacy, her first business endeavour. The pharmacy was officially opened on a Sunday and at the close of business that day, HealthServe made a total sales of N7,000. Today, however, HealthServe Pharmacy operates from about four locations in Lagos and has close to 20 employees. As an add on to

Dosunmu

HealthServe, Mosun also runs Health On Wheels, does training and gives inspirational speeches and health talks. Incidentally, the idea of Health on Wheels, a service she runs by visiting companies, government agencies, rural areas, taxi parks, religious gatherings, etc to give health talks, was an idea that developed from her running of HealthServe Pharmacy. Health on Wheels provides mobile health tests to screen for serious health problems

such as high blood pressure, elevated cholesterol levels and diabetes. The objective of the programme, according to Mosun is to promote healthy living by reducing morbidity and mortality rate amongst Nigerians giving rise to a healthy nation. The idea for Health on Wheels grew out of a study she conducted at her Health Serve pharmacies that found four out of 10 people evaluated were either hypertensive, had high cholesterol or were

diabetic. Incidentally, the story of Health on Wheels equally has its root in another opportunity that came Mosun’s way when she got enlisted for the Goldman Sachs Entrepreneurship Development Service programme which is run in partnership with the Lagos Business School. While a student in the Goldman Sachs program, she and her classmates were asked to suggest new ideas for businesses and when she discussed the survey and put forth her Health on Wheels idea, she got strong encouragement from her professor. “I felt it was not such a good idea,” says Mosun, “but now I’m running with it.” Her emergence as a Goldman Sachs scholarship beneficiary did not come easy, just like her pursuit of her course as a pharmacist. After two attempts, she finally secured the EDS; Goldman Sachs 10,000 Women Scholarship to attend a Certificate Course in Entrepreneurship Management, the programme that she admits completely changed her business orientation and acumen. It was at the EDS programme, which offered her tremendous network of small business people and friends, that she met Florence Ohale, who ultimately became one of Mosun’s greatest benefactors. It was Florence that convinced her to apply for the Group Study Exchange Programme of Rotary Club International. Barely 12 hours after she

Management Principles

The Commandments of Retail Sales

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etailers must be on top of their game. They are all experiencing intense competition for the consumer and shrinking margins. Consumers will not tolerate sloppy sales approaches and a poor experience. If retailers want to be effective, they must vow to serve the customer with these 10 retail commandments. 1. Thou shalt not believe anyone is “just looking.” A customer can “just look” on their tablets, smartphones and home computer. Disregard this idea that any buyer is just looking and respond with: “90 percent of the people that come here start off by having a look. Why did you come today?” Show them specials, updates and other inventory choices that may not appear on your website. 2. Thou shalt never ignore the customer. They come to buy. Don’t make them hunt for a sales associate. It is better to pester a customer with offers of help than it is to ignore. Seems pretty basic, but how many times have you seen sales associates congregating at a register or zoned-out folding a pile of shirts? 3. Thou shalt aggressively sell. In highly competitive times, set higher sales targets. Selling beyond ordinary expected levels requires a commitment to aggressively selling to every customer and making the most of every opportunity. Begin with a team meeting that sets targets and objectives. Then provide the tools to accomplish them. 4. Thou shalt never let the customer wait. When customers wait they become agitated, restless and uncertain. No customer should have to wait for anything. If your payment system is not efficient, you put the entire sale at risk. Make sure your sales process is fast, friendly and easy to move through. Waiting for an open cash register should be a thing of the past with card readers and swipers. 5. Thou shalt treat every buyer like they came to spend money. Don’t qualify the customer’s ability to make a purchase. Treat anyone who enters your store as if they have money to spend regardless of what they say or how they act. 6. Thou shalt greet every customer at the front door. I once went to a major retailer and it took over


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Business Courage

Monday, November 18, 2013

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ThebuddingEntrepreneurs submitted her application online, Mosun received an invitation to come to Abuja for a 7pm interview the next day. On the appointment day, Mosun did not inform her husband about the trip to Abuja, as she feared he might discourage her from this “shadow chasing” tour to America. “I was going to tell him after I had arrived Abuja,” she recalled. Unfortunately for her, she missed the 12 noon flight to Abuja and had to pay an additional charge to be on the 3:30 pm flight, which was delayed for another two hours. She finally landed in Abuja at 7pm (the exact time for the interview), only to discover that her luggage was missing and in the process of scrambling all over for it, she sprained her ankle. Frustrated and upset, she called Florence from the airport to say she was heading back to Lagos but again, Florence persuaded her to go for the interview and by the time she finally got to the interview venue at 8:45pm, the panel had already finished for the day and was having dinner. Luckily, she was still interviewed after narrating her ordeal and out of 35 candidates that applied for the sponsorship, Mosun was one of the four that passed, to go on to the next stage, the following day. The second stage of the interview was on March 10, 2010 and she had to prove to the panellist that she was involved with a project that had the potential to impact on the country positively. “It was a project I started but had to abandon for lack of confidence. I discussed this project on our

Personal Finance 3 Steps to Stop Being Busy and Start Being Productive

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ften you get to the end of the day and think, “I was busy all day, but what did I accomplish?” Goals give us more than just a target to aim for -- they help us change our behavior today. Do you get the work that is most important to you done? At the beginning of each day, there are three things you can do to ensure you’re going to gain momentum.

second day at the EDS Goldman Sachs Class and received a rousing ovation. Very quickly, my classmates embraced Health On Wheels, with volunteers for its rebranding and re-launching. I was chosen to represent my Zone and to proceed to the last stage,” she recalled. This final stage involved written test and presentation skills. She scored 56 in the written test while the cut off mark was 60. “I asked to see my answer sheet and spotted a mistake in the marking. This made them add an additional 3 marks, giving me 59,” yet, she still did not meet the cut off mark. However, at that stage, Mosun said she was happy with her performance and proudly carried her luggage and proceeded to board a taxi to Abuja airport,

17 minutes before being acknowledged. Appoint a greeter who makes the customers feel welcomed and directs them to the department they need. “Thanks for coming. What can I help you with or what department can I direct you to?” 7. Management shall engage with every customer. One way to increase both the customer experience and customer loyalty is to make sure management engages with every customer. This separates your business from the competition and increases value to the customer. 8. Thou shalt provide the best solution, not just the lowest price. People buy things to solve problems. Salespeople must ask the right questions, listen to the customer and know available inventory to provide the best solution. “Why did you come here today?” or “What are you looking for here that you didn’t find online?” should be asked of every customer. 9. Thou shalt attempt a second sale. Every product purchase creates an opportunity for another product sale. Wait until the first product is all but rung up and offer other products that would best support the first purchase. “We have great gloves to match that coat. Let me show you.” People are open to buying more to justify their first purchase. Product saturation not only increases profits, it ensures customer loyalty. 10. Thou shalt help customers extend beyond their budget. Never believe a customer when they say they can’t afford something. They can and will buy beyond their budget and do so every day. Almost every household including the government extends beyond their budget. Acknowledge the idea of a restricted budget and keep showing them your products, services and solutions that are more valuable than the budget that is restricting them. Great retailers must look for ways to go above and beyond for customers and provide an exceptional customer experience leading to loyalty and referrals. Retailers should treat every customer like a millionaire who is ready and able to buy today. Retailers who do this will see how easily they win over cynical customers and turn them into loyal, frequent shoppers. BC

back to Lagos. “I was pleased as I had discovered something more about myself from the experience. It also reinforced what I learnt in class - an entrepreneur cannot fail,” she recalled. Just then, she was called back and advised to complete the whole interview. At the last stage, she was asked to make an on-the-spot presentation on Nigeria, which she did to a very loud ovation from the panel and was qualified as one of the first four candidates to represent Nigeria in the final scholarship slot. But that wasn’t the end of the story. Of the six successful awardees, only the first four to successfully obtain visas were to travel to the state of Illinois, United States of America. Again, Mosun encountered serious challenges trying to register online for the US visa, at both Abuja and Lagos. This continued for over a week. Unfortunately, out of the six, four others were given visa leaving her and one other lady .Despite all the discouragement; she still went ahead for her visa appointment. Finally, another lady showed up along with Mosun at the embassy for the final slot but fortunately this time, it was Mosun who was successful but then, she had another hurdle to cross. Four people were to proceed on the trip but five of them had visas but alas, one of the candidates had to step down for me to proceed for my journey to Illinois. It was after her return to Nigeria that the Health on Wheel fully developed into a serious business idea. Mosun Dosunmu’s business is marked by characteristics that can help make it successful, including innovation, education, training, focus and determination and doggedness. However, Health on Wheels still faces challenges such as the cost of the service, weak promotion and a lack of infrastructure and security in the country. BC

1. Determine what has your focus right now. First you’ll need to admit that something else has your attention. Ask yourself, “What is a typical workday like?” If possible, have someone audit your workflow over the course of a day or so. Ask them to tell you where it seems like you’re losing focus and momentum. Knowing what currently disturbs your focus is the first step. How much quality time do you have for deep thinking, getting important tasks done, developing new ideas and building on old ones? Are you in a highly interruptive environment? If you find yourself multitasking often, consider the following five-day-experiment. For just the next five days, schedule – and stick to -- a few longer blocks of focused time to get important work done. Start with blocking just 30 to 45 minutes each day to focus on bigger projects and move them forward. 2. Cut “should” out of your vocabulary. You’re better off without constantly “should-ing” yourself. Getting caught up in things you “should” do is a negative mindset that only clouds your focus and pulls you away from thinking about what you’re accomplishing in the moment. If you’re struggling to make a decision about what you should and should not be doing, breakdown the steps you need to take and weigh the pros and cons of focusing on the specific task at hand. These focus activities make it easier to decide whether to say “yes” or “no,” whatever the situation or question. Either way, you save time and get engaged faster in making your ideas happen, because you’re one step closer to moving your focus away from asking “Should I?” to “How can I?” 3. Remove distractions. Realize that your focus is splintered in the face of distractions -- primarily visual and auditory. What distractions around you decrease your productivity? Visual distractions include piles of papers or unfinished projects, and even sticky notes on your computer. Auditory distractions are generally sounds that pull your focus from your project. Turn off dings, alarms, notification alerts, popups and sounds that you can control. Distractions and interruptions can fool us into thinking we’re being productive, while destroying your focus. Don’t try to change everything at once. Select just one auditory or visual distraction and eliminate it. Give these small changes a week and see what happens. If your focus improves, continue distraction reduction. Ultimately focus allows us to complete what’s important to us. With a strong goal, a clear objective, and 10 to 15 minutes of focused time, you can move much farther and faster than you thought possible. BC BC


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Business Courage

Monday, November 18, 2013

National Mirror www.nationalmirroronline.net

In a country of well over 160 million people, broadband penetration of less than six per cent is not only low, it is considered as a major embarrassment, particularly with the astronomic way in which telecommunication has grown in Nigeria in recent years. Yet stakeholders believe there is still hope for Nigeria becoming Africa’s leading broadband powerhouse but given the glaring challenges, there are genuine skepticism that the dream may indeed, be a tall one By Adejuwon Osunnuyi

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roadband technology, which simply means data transmission speed of high rate over the internet, has no doubt become the enabler in supporting the economies across the world. To a large extent, while it is no longer disputable that data transmission defines the speed at which businesses are conducted in most advanced countries of the world and there are sufficient compelling statistics to show the correlation between broadband and economic growth. According to the World Bank, in low and middle-income countries, every 10 percentage point increase in broadband penetration accelerates economic growth by 1.38 percentage points — a rate that is higher than broadband’s impact in higher-income countries and more than for other telecommunications services. For instance, a new report, conducted jointly by Ericsson, Arthur D. Little and Chalmers University of Technology in 33 Organisation for Economic Co-operation and Development (OECD) countries, quantifies the isolated impact of broadband speed, showing that doubling the broadband speed for an economy increases Gross Domestic Product (GDP) by 0.3 per cent. While a 0.3 per cent GDP growth in the OECD region is equivalent to $126 billion, this, according to the research corresponds to more than oneseventh of the average annual OECD growth rate in the last decade. With the tremendous advantages, there seems to be a sore point for Nigeria. This is because despite its enormous bandwidth capacity sitting on the country’s coastline, majority of the Nigerian populace are

still being starved of broadband Internet. While Nigeria has conquered voice telephony with more than 116 million active lines compared to some 400,000 some ten years ago, yet data transmission is considered as a major factor which defines for them the speed which businesses are conducted in the new world order. Nigeria is said to be have less than six per cent of broadband penetration, a situation which industry experts have said is a far cry to what is obtainable in developed world. Despite this, however, industry stakeholders are of the belief that all hope is not lost as Nigeria still has the potential of becoming Africa’s leading broadband powerhouse and bouy the nations’ GDP. This optimisin is coming on heels of the fact that Nigeria currently have four active undersea cable systems ((MainOne Cable, Glo-1, MTN’s WACS and NITEL’s SAT-3) whereby the existing submarine cables carry an installed capacity of over 19.2 terabytes, about 340 gigabyte combined, a significant increase in the capacity available to drive bandwidth dependent services. With only about six per cent broadband penetration in Nigeria, the opportunities are vast for creative and entrepreneurial Nigerians looking to showcase their skills and explore business opportunities online. According to experts, any country seeking growth, job and wealth creation must address how it can increase its access to broadband and if governments can improve broadband penetration in the continent most Africans would have increased access to the internet. In some major countries, broadband is considered a right of every citizen. In Finland for example, the government has

legislated for every home to get broadband, 100 megabit per second in speed. The situation is similar in Japan which is reported to have the fastest speed of broadband in the world as well as cheapest cost of getting internet at home. The country has more than eight million people on fibre-optical line broadband at home – that means 30 times the speed of DSL line, the popular form of broadband technology in Europe. To achieve broadband penetration in Nigeria, experts submitted that there is the need for the government to encourage and enforce the principle of open access and infrastructure sharing to already build transmission networks in order to facilitate an integrated national backbone. For Fola Adeola, Chairman of Main One Cable, wireless broadband services alone can directly contribute an additional N190 billion ($1.24 billion) to Nigeria’s GDP by 2015 with indirect contribution as much as N410 billion ($2.7 billion) dur-

Opeke

ing the same time period. Adeola said that just as “electricity was a century ago, broadband is a foundation for economic growth, job creation, global competitiveness and a better way of life. It is enabling entire new industries and unlocking vast new possibilities for existing ones. It is changing how we educate our children, deliver health care, manage energy, ensure public safety, engage government, and access, organise and disseminate knowledge.” On the economic impact of broadband, the Nigerian Communications Commission (NCC), Vice-Chairman, Eugene Juwah said at a recent seminar that based on the World Bank position “doubling the broadband speed for the economy increases its GDP by 0.3 percentage points. The above percentage points may appear small but if you apply them to the Nigerian GDP at N40 trillion, you obtain an increase of more than half a trillion naira in the first instance and N120 billion in the second.” Juwah noted that it is not only Nigeria, or the developing world that aspires to enjoy the broadband revolution as pointed out in the June 28, 2010, a memo to the Heads of the Executive Departments and Agencies in his administration titled: “Unleashing the Wireless Broadband Revolution” by the US President Barack Obama. Juwah said that one paragraph in that memo that has captured the thoughts of many who are dedicated to pursuing the broadband revolution reads: “Expanded wireless broadband access will trigger the creation of innovative new businesses, provide cost-effective connections in rural areas, increase

productivity, improve public safety, and allow for the development of mobile telemedicine, telework, distance learning, and other new applications that will transform Americans’ lives. The statement above represents the veritable offerings available in any country that has pervasive broadband availability”. Following the International Telecommunications Union (ITU)’s call for national broadband policy in Nigeria, the Minister of Communication, Omobola Johnson, said that the goal of the Nigerian government is to achieve one national network capable of delivering broadband speeds not less than 50 per cent of the average speeds available worldwide at the consumer end within the next five years. Comparing Nigeria’s rate of broadband penetration with those of other African countries, Johnson said that though “Nigerians don’t have it better” she pointed out that that it has been a major priority for the government especially her ministry in bringing out the infrastructure. While admitting that taking broadband to the rural areas could be a little challenging, she assured that there are plans by the government to facilitate that process to put the technology on the ground as soon as possible. Johnson said that a number of infrastructure providers are building connectivity across West Africa and Nigeria stands at a vantage position given the series of bilateral arrangements with neighboring countries especially the landlocked countries. “We’ve got tremendous capacities for internet connectivity, i.e undersea cable about 10 terabit of data and we can


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Business Courage

Monday, November 18, 2013

take that capacity up to the landlocked countries and also to the countries on the coast as well. So that is what we are looking at right now. We are working with number of countries already. And even one of our local undersea cable companies, Main one, is actually landing a cable in Liberia, Ghana, and other places. So those are the kind of arrangement we are having because connectivity in Nigeria would be enhanced if we actually connect with the rest of Africa and the rest of the world.” But how long will it take to be able to deliver broadband access to the about 72 per cent of the population who don’t have access currently? Johnson said that Johnson by 2017, the nation would be getting about 30 per cent broadband connectivity. “We have about six per cent broadband communication now. We have a target to multiply by five times by 2017 so that we can have about broadband 30 per cent broadband connectivity.” However, Funke Opeke, chief executive officer, MainOne Cable believes that achieving broadband penetration might not be possible with the number of challenges being posed to it on daily basis. For instance, Opeke, said that only about five per cent of the bandwidth capacity available on MainOne cable is currently being utilised, leaving the rest redundant. Juwah Opeke who spoke at a recent interactive session blamed the poor utilisation Besides, those who have ofof the cable on the absence of fer services at unfair and prodistribution and last mile in- hibitive prices. “Looking at the frastructure required to move cost and competition policy unavailable bandwidth capacity der the Communications Act, across the length and breadth there is absolutely no need for of Nigeria. If Nigeria is to enjoy that pricing mechanism. We the benefits of broadband, she need to have more infrastrucsaid, regulatory and legislative ture sharing. “If people who interventions were required to build the infrastructure are address these challenges. running it over public rightNigeria’s telecommunica- of-way, and have received tax tions market, according to her concessions to build those netrequires a well-rounded infra- works, I see no reason for such structure sharing framework pricing mechanism. If private to encourage new entrants and sector has built the infrastrucstimulate investments in broad- ture, then they certainly should band in order to harness its make it available to other oppotentials for wealth creation erators and networks on a fair and economic development. and non-discriminatory basis. “We strongly believe that it’s The Federal Government has something government can set done nothing about this so far”, up in less than 60 days. It does she lamented. not require years of study”, she But just like Opeke, Juwah stated. also noted that “While the reguThe cost of moving internet latory environment in the countraffic from Lagos to Abuja, try has remained stable and ataccording to her is four times tractive to the global investment higher than the cost of moving community, there still a number the same level of traffic from La- of challenges, one of which he gos to London. This, she went says is the issue of right of way. on is because operators with State government, he said, huge fibre infrastructure have could move away from the curnot embraced infrastructure rent practice of imposing one off sharing. charge for right of way, based

on distance to a new regime of periodic revenue streams from their right of way assets as he noted that one way to realise these stream is to contribute the assets as participation in the project. Alternatively, Juwah advised that state government may choose to barter their right of way assets for a specialised service from infrastructure operator. For example, access to right of way can be traded for a security surveillance network provided from the infrastructure. But most Nigerians seem not to be too comfortable with the government’s broadband plan as they yearn to have a feel of it as soon as possible. To Ayomide Amos, a banker, government should expedite their words with action rather than the usually talk on broadband at every event. “We need action rather than talk all the time. Let Nigerians have access to cheap and high speed internet and stop telling us how broadband operate.” Another respondent, Olabisi Alonge of the University of Ilorin, in his own reaction noted, “I’m of the view that the government should show us the road map to achieve this. I hate it when government plays politics around something as serious as broadband. Anyway, we shall get there.” But Raymond Uwuba, a teacher, sees broadband as a way to improve the nation’s GDP. According to him, the minister of Information technology deserves commendation and not condemnation considering what she has been able to achieve so far. “Minds of this kind are what Nigeria need in her forefront of development. Of course, the effect of ICT industry or sector broadband inclusive in Nigeria has been so tremendous. It is one of the sectors and channel that touches every individual individually. For me, I can say my life has never remained the same again, considering the exposure, improvement in reading habit and how the internet has encouraged reading through available materials at my finger tips.” Alowolodu Taiwo Julius however submitted that the bane of most government policy initiatives is lack of priority and vision. “We preferred to trade out future for pecuniary gains. Have you ever asked yourself why internet service in Nigeria is three times cheaper that of South Africa despite the fact that the total subscriber base is a fraction of Nigeria’s?” BC

Technotalk

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

How to increase traffic on your blog

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eing a blogger, business owner, or an entrepreneur, you want people to know the services you have to offer or read the creative content you produce. Driving traffic to your personal blog, portfolio, or business website is key to building a larger audience, gaining new customers, and going viral. Everyone can benefit from learning about driving traffic to their site. When you’ve put a strategy in place that optimizes your website for organic traffic from search engine results, you are guaranteed to boost the traffic to your site. Here are few tips that can help you: Create good content / well-written blog posts This should be your number one task from the beginning. Write compelling and interesting blog posts. Information that other people (your blog readers) may not be aware of. It’s even better when it’s valuable and up-to-date. If possible, add images and videos. In addition, you can share you own stories or news from the beginning to attract the right readership. Once you have at least 4-5 compelling blog posts or articles, you might start considering promoting your blog. If your blog is unfinished and you don’t have much content to read, then people will just think that the blog in-process and there’s not much to read. Become the expert of your subject Try and become the expert of your subject as that will make people to visit your site often. Also, If readers believe you have information and thinks about what is newest and best they come to your blog first as they want to be informed about new things. Use the search engine optimization (SEO). Always place keywords in the pages of your blog. This can be achieved by including links in the text and title of your posts. Don’t make your blogging an advertisement. Try to avoid making your blog content as an advertisement because readers feel abused when they visit a site thinking they will find useful information and they discover that they are in the process of read only blatant advertising for certain products and services. Concentrate more in making your content like an expert advice by providing thoughtful and thorough information that you will reach the top of the interests of your readers. Send notifications about updates to your blog via email: Sending notifications about updates to your blog by email is essential for potential readers who don’t really have time. This a good way to communicate to them about the content of your blog daily and you can use a free blogging service like WordPress or auto responder email also known (auto responder) to invite readers and manage your list of drives. Make sure the link to your blog is displayed on every post: Including the link to your newsletters, your brochures, your business cards and in every post you make on various forums and also sending emails is very essential. Make your blog a free article entitled: Create access to your blog through your articles and place them in article directories online with free link back to your blog. Other bloggers will use your article in their own blog and let you know as soon as site is been used. Put your blog updated often: It is difficult to develop a base of readers and even a list of diffusion. People want to know that they can expect an update daily or weekly blog to your loyalty. Set a goal for your writing and keep it up. It is the regularity and originality of your post that will make the difference between a professional blogger and an unprofessional blogger. Finally, have a good plan. One step at a time you will surely get there which will in turn lead you to success and profitability. BC


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Business Courage

MTN Nigeria’s latest deal to strengthen network

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Ogbemi

Nokia delights customers with Asha Christmas promo Stories by Adejuwon Osunnuyi

n what is described as a new phase of development for its operation in Nigeria, mobile network operator MTN has signed a managed services contract with telecommunication service providers, Ericsson and Huawei. According to the terms of contract, Ericsson and Huawei will jointly handle the management, optimisation and field maintenance of MTN’s network infrastructure nationally. At the same time, MTN will retain ownership and con-

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s part of means to create a fun-filled Christmas season for its customers across Nigeria, Nokia has launched a new promo tagged Asha Christmas Rush Promo partnering with leading online retail store, Jumia. Marketing Manager, Nokia West Africa, Kesiena Ogbemi said the promo is aimed at rewarding numerous Nokia Asha customers across the country with fantastic prizes which include; N4,000 worth of Jumia gift vouchers, recharge cards worth N1,000 to makes calls and chat on social media platforms and other exciting prizes. Through this promo, Nokia will reward the first 210 customers who purchase the Nokia Asha 210 smartphone from Jumia store. To participate in the competition, while customers are expected to purchase the Nokia Asha 210 smartphone from www.jumia.com.ng and get a PIN code to win, they are to send an SMS with the following message “Nokia Asha 210, the phone IMEI number and PIN code gotten when they purchased the phone” to the code number 39405. This qualifies lucky customers to win any of the great prizes and enjoy the Christmas season. Head of Marketing, Nokia West Africa, Deborah Shepard noted that the promo will give Nokia the opportunity to reach out to its customers across Nigeria during the Christmas season with gifts that will make the yuletide a memorable one. “We want our customers to feel our impact during this season giving them great gifts that will make the Christmas holiday beautiful. We have also partnered with Nigeria’s biggest online retail store, Jumia to give people amazing gifts when they win a gift voucher. With the gift voucher, customers can pick gifts items from Jumia store worth N4,000 and have a merry Christmas celebration,” Shepard said. The promo is valid till the December 20, 2013.

Ikpoki

trol over its network assets, and the responsibility for the design, planning and procurement of equipment will still reside with the mobile operator. According to MTN Nigeria CEO, Michael Ikpoki, “This engagement with Ericsson and Huawei is a logical step forward in the course of the steady evolution of the telecommunications industry. It is a deal that speaks to our desire to add tangible value to the overall customer experience on our network, as we yield the routine management and maintenance of our infrastructure to these global players, to enable us focus on meeting and exceeding the expectations of our customers.”

WaveTek delivers Microsoft IT Academy in Anambra

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aveTek Nigeria Limited, a Microsoft certified partner is working closely with Microsoft, HP, and TD to deliver Microsoft IT Academy for the Anambra State government. WaveTek is an innovative global ICT solutions Provider to public and private segments, delivering exceptional values to customers, partners and shareholders. To this regard, the Anambra State Government has signed a school agreement with Microsoft Nigeria to provide the state’s schools with high quality and affordable ICT education. The agreement will see WaveTek Nigeria Limited pro-

Monday, November 18, 2013

viding teachers in secondary schools across the State with ICT education, as well as the tools needed to effectively train students on Microsoft technologies, with a bid to enabling students develop self-reliance and then create a skilled community. While the sum of N2.65 billion was provided by the state for the establishment of the ICT based learning programme, about 25,000 laptops, 1,400 colour printers and other internet connectivity facilities have been distributed in a bid to ensure the success of the Microsoft Information Technology Academy in the 450 Secondary Schools. The laptops are programmed with the national curriculum in all subjects. The initiative was flagged off with the formal launch of Secondary Schools Microsoft Connectivity and Education Programme at the Women Development Centre, Awka. At the signing ceremony which was witnessed by members of Anambra State House of Assembly, Anambra executive council, traditional rulers and representatives of Microsoft as well as WaveTek, Governor of Anambra State, Peter Obi noted that the Anambra Government aims to create positive change in education in the State as he reiterated, “We are determined to provide quality IT education to our youth, giving them the skills and knowledge to make them self-reliant and economically productive. Our partnership means we are fulfilling this vision”. Obi said the establishment of the Microsoft Academy would help produce better generation of well-informed future leaders. Ken Spann, Managing Director/CEO WaveTek Nigeria said Governor Obi understands that the future of Anambra and of all Nigeria is in the ICT development and mastery by the Youth of basic and advanced IT Skills. “Anambra expands the State motto by becoming the “Light of The Nation” for ICT empowerment. This is the largest integration of Microsoft IT Academies, facilitated by WaveTek Nigeria, combined with laptops, teacher training, Internet Connectivity, WAEC JAMB study aids (provided by Indig-

Obi

enous Software firm,Cinfores) ever done in Nigeria and perhaps all of Africa. I am confident that other States will see benefits from Anambra’s efforts and commence even larger projects and pursue ICT Excellence and skills for their youth,” he stated. The state commissioner for education, Uju Okeke, commended the governor for investing substantial funds and resources to improve the standard of education in schools and reiterated the benefits of the project to students. Representative of the communication technology partners, Microsoft Africa Marc Israel and HP Nigeria, Ime Umoh, spoking on the impact of the project which would bridge the gap in education, especially in the 21st century noted that Anambra was setting the pace for others. The Microsoft IT Academy programme schools offer a world-class IT curriculum allowing students utilise the latest Microsoft technologies while learning about information technology and earning Microsoft technology certifications. The programme also aims to link academic learning to job skills, thus allowing students to graduate with the IT skills that they will need to advance in their future careers with minimal adjustment in the working world and contributing positively to the global economy.

SAP Africa launches Urban Matters Initiative to enhance the lives of citizens

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market leader in enterprise application software, SAP Africa has announced the kick-off of its SAP® Urban Matters initiative at the Africa Urban Matters, Cities of the Future event being hosted in Cape Town. The event focuses on how innovative technology can be leveraged to make cities and municipalities more effective – and improve the lives of citizens. Drawing attendees from across Africa and Europe and with representatives from cities in Nigeria, Zimbabwe, Kenya, South Africa and the United Kingdom, the event will feature an opening address by Patricia de Lille, Mayor of the City of Cape Town, a keynote address on ‘Connected Cities’ by Nirvesh Sooful, CEO at African Ideas, and a presentation by Andre Stelzner, CIO, City of Cape Town. Stelzner will be sharing his experience on what it takes to be an ‘integrated city.’ In addition, participants from cities across Africa will contribute their perspectives to help shape the discussion around

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De Lille

the future of cities in Africa. This event is the African chapter of a series of international SAP events that have been hosted in Singapore, New York City (United States of America), Puebla (Mexico), London (United Kingdom), Auckland (New Zealand), Berlin (Germany), Delhi (India) and Bogota (Colombia). The events showcase best practices of cities around the world, and provide an interactive forum to address local-specific issues. Glyn Evans, Former Director of Birmingham’s Transformation Programme, will be presenting a case study on City Transformation. He will not only discuss how ICT solutions helped Birmingham build a better city, but also share the lessons learned while new processes were being implemented. Also presenting at the event is is Jak Koseff, Director of Social Assistance from the City of Johannesburg, who will be talking about cities’ social responsibilities. In 2010, Africa’s urban population was approximately 36 per cent, but this number is projected to rapidly increase to 50 per cent and 60 per cent by 2030 and 2050, respectively. According to the South African Institute of Race Relations (SAIRR), the proportion of South Africans living in urban areas increased from 52 per cent in 1990 to 62 per cent in 2012. As Africa is becoming increasingly urbanised with millions of people migrating to all major hubs, there is clearly a pressing need for governments and municipalities to efficiently deal with this enormous influx and all other related issues. “The need of the hour is to rapidly accelerate the benefits of ICT-enabled change through transformation of the public sector and the wider economy. In order to flourish, African cities must equip themselves with the best possible technical tools to directly tackle environmental and social challenges, underpinned by proven budgeting and management processes,” said Nirvesh Sooful, CEO, African Ideas. BC


National Mirror www.nationalmirroronline.net

Business Courage

Monday, November 18, 2013

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FBN Capital sets to finance power firms By Johnson Okanlawon

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BN Capital has unfolded plans to raise fund from both international and local currency market to finance the recent privatized firms and its private equity business in 2014. The fund raising is in anticipation of a successful privatization programme and readiness for the capital-intensive projects and transactions that would emerge from the various developmental initiatives of the Federal Government. Speaking ahead of its forth-coming yearly investor conference in Lagos on Friday, the Managing Director of the company, Mr. Kayode Akinkugbe explained that the company will assist companies across the various sectors of the economy that would require capital to boost their businesses in order to facilitate economic growth.

Akinkugbe, who expressed the bank’s resolve to focus on closing existing mandates and building 2014 transaction pipeline, stressed that the company has been involved in a number of landmark investment banking transactions and divestment processes in the last few years. According to him, the company would continue with the various initiatives to build distribution platform, as well as strengthen its financing capabilities. He said, “FBN Capital emerged as the first financial institution to have achieved loan signing in March 2013 for the Federal Government’s power sector privatization. In the last nine months we have assisted various clients in structuring and arranging over US$2.4 billion ($723m power sector + $1.7bn from

other sectors) of debt finance. “Notable transactions include $303m for Kepco Energy Resource Limited , $315m for NG Power – HPS Limited, $225m for Accugas Limited (Gas pipeline infrastructure), $1.2bn refinancing and expansion debt for EMTS, $200m for a major rig services provider .” He stressed that with the successful privatization of the PHCN successor companies, market activity has shifted to the NIPP privatization and the IOC divestments. “Looking ahead, we expect ongoing activities in the oil and gas, power, financial services sectors, and the Asset Management Corporation of Nigeria divestment of the bridge banks to continue to drive market activity. “Activity in the corporate trust seg-

Akinkugbe

ment is expected to continue to grow in tandem with debt financing in the oil and gas and power sectors, while activity in the public trust segment is also expected to rise as more states access the sub national bond market,” he added. BC

NAICOM to deepen insurance penetration through Micro and Takaful Insurance By Nkechi Naeche

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he National insurance Commission (NAICOM) has said that it would be focusing on how to deepen insurance penetration through Micro Insurance and Takaful Insurance. Speaking last Friday in Ilorin at the yearly seminar for Insurance journalists titled: “Imperatives of Financial Literacy & Inclusion: The NAICOM Initiatives” the Commissioner for Insurance Fola Daniel said that the micro insurance is not a conventional insurance that is expensive but affordable and the reach of low income earners. Daniel noted that Ghana in the last three to four years had been able to deepen insurance penetration from one per cent to seven per cent with the help of Micro insurance, adding that this had

made the country to be the fastest growing insurance country in West Africa. He noted that the industry had no choice than to embrace micro insurance in order to tackle low insurance penetration in the country. According to him, few companies had started buying into the idea and have made positive progress in developing one micro insurance product or the order. He said Takaful insurance is totally different from the conventional insurance, adding that the concept is accepted by both Christians and Muslims alike, adding that Takaful insurance is based on trust, fairness and equity. He noted that Takaful insurance is not about Muslims, but a better way of doing insurance business that will ben-

efit the grassroots. He also disclosed that the commission will be joining the other regulatory bodies in the country to create awareness on financial illiteracy and that in the next few weeks the commission will be reaching out to educate the people. On the delay in getting approval for the 2012 financial accounts by insurance companies, he said it was for the benefit of the industry. He noted that bad financial report is not good for the country and the any regulator image, adding that the whole excess of the IFRS is to enable anybody in any part of the world to understand the financial account of the industry. He added that the commission had done its best in educating the various

companies and external auditors on IFRS and would continue to make corrections until they get it right He noted that the commission had continued to update the Securities and Exchange Commission (SEC) and the Nigeria Stock Exchange (NSE) on development as related to the financial accounts. He noted that money laundering was one of the agenda the commission would be focusing on in coming years, adding that was important to Nigeria as a nation and must be taken seriously by all sector. The NAICOM boss further said that the commission will continue to monitor insurance companies through on set and off set monitoring to ensure that they are able to detect problems before they become major issues. BC

Similarly, 723 units of FGN bonds valued at N749, 976.07 were traded in 3 deals compared with a total of 515 units valued at N588, 502.89 transacted the previous week in 6 deals.

ages respectively while NSE-ASeM closed flat.

The Stock Market last week

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turnover of 1.834 billion shares worth N22.961 billion in 23,840 deals were traded last week by investors on the floor of The Exchange in contrast to a total of 1.713 billion shares valued at N16.473 billion that exchanged hands the previous week in 22,925 deals. The Financial Services Industry (measured by volume) led the activity chart with 1.338 billion shares valued at N12.801 billion traded in 12,795 deals; thus contributing 72.93 and 55.75 percentages to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 313.368 million shares worth N820.513 million in 1,948 deals, while the Consumer TOP 10 PRICE GAINERS: Company FORTE OIL TRANSCORP ETERNA PLC MANSARD INSURANCE PLC CONOIL PLC MRS OIL NIG NESTLE NIGERIA CUTIXPLC CADBURY NIG PLC LEARN AFRICA

Goods Industry came third with 38.266 million shares worth N3.755 billion in 3,777 deals. Trading in the top three equities namely Transnational Corporation of Nigeria Plc, Wapic Insurance Plc and Zenith Bank Plc (measured by volume) accounted for 737.807 million shares worth N5.010 billion in 3,369 deals, contributing 40.22 and 21.82 percentages to the total equity turnover volume and value respectively. Also traded during the week were a total of 2,025 units of NewGold Exchange Traded Funds (ETFs) valued at N4.096 million executed in 2 deals compared with a total of 1,594 units valued at N3,866 million transacted last week in 6 deals.

Open Close Gain (N) 71.03 104.90 33.87 1.87 2.26 0.39 2.50 2.95 0.45 2.02 2.27 0.25 46.70 51.48 4.78 37.99 41.79 3.80 1128.76 1220.00 91.24 1.72 1.85 0.13 56.00 59.81 3.81 1.77 1.89 0.12

% Change 47.68 20.86 18.00 12.38 10.24 10.00 8.08 7.56 6.80 6.78

INDEX MOVEMENT The NSE All-Share Index gained by 0.28 percent to close on Friday at 37,870.87. Similarly, the market capitalization appreciated by 0.28 percent to close at N12.100 trillion. The NSE 30, NSE Consumer Goods, NSE Insurance, NSE Oil/Gas and NSE Lotus II appreciated by 0.17, 1.82, 2.68, 14.16 and 1.88 percentages respectively. However, NSE Banking and NSE Industrial Goods indices depreciated by 0.34 and 0.98 percent-

TOP 10 PRICE LOSERS: Company INTL ENERGY INSURANCE CO PLC UTC NIG PLC COSTAIN (WA) PLC WEMA BANK PLC PORTLAND PAINTS & PRO NIG PLC PAINTS & COATINGS PLC EKOCORP PLC A.G LEVENTIS NIG PLC COURTEVILLE FIDSON

Open 0.67 0.67 1.06 1.30 5.00 2.20 4.11 1.65 0.63 2.10

Close 0.57 0.60 0.96 1.18 4.62 2.09 3.91 1.57 0.60 2.00

Loss (N) % Change -O.10 -14.93 -0.07 -10.45 -0.10 -9.43 -0.12 -9.23 -0.38 -7.60 -0.11 -5.00 -0.20 -4.87 -0.08 -4.85 -0.03 -4.76 -0.10 -4.76

SUMMARY OF PRICE CHANGES Thirty eight equities appreciated in prices during the week, the same as 38 equities of the preceding week. 43 equities depreciated in prices lower than 44 equities of the preceding week, while 116 equities remained unchanged higher than 115 equities of the preceding week. BC


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Business Courage

Monday, November 18, 2013

National Mirror www.nationalmirroronline.net

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he modern day warning signal has arrived and with it, an alert that you can feel. The 2014 Cadillac XTS introduces its patented safety alert seat which intuitively sends subtle pulses through the seat cushion, also packed into this luxury sedan is the available radar and ultrasonic sensors providing foresight that feels ahead of time. Its distinctive sculpted lines hold immense visual energy and hint at something equally captivating: a newly available 3.6L 410 HP Twin Turbo direct-injection V6 engine that delivers a new level of invigorating performance with optimal efficiency. Also new to the XTS is Automatic Parking Assist. Once activated, this available system will locate a suitable parallel parking spot and then help you park your car. Stunningly modern, yet meticulously crafted, powerful, yet efficient. According to its makers, the XTS not only moves you, but accelerates you well into tomorrow. It also switches to electric power steering and offers a self-parking system and a new DVD/Blu-ray rear entertainment system with dual screens. This is a traditional luxury ride with a gleaming modern edge, offering age-old Cadillac virtues like comfort and space, but adding daring style outside and a festival of technology inside. Indeed, the XTS’s spaceship-like cockpit and touchsensitive control panel could be a turnoff for those who yearn for the days of simple knobs and buttons. But if you’re looking for a new twist on this classic formula, few cars can compare. On the higher end, you could look at models like the Audi A6 and Mercedes-Benz E-Class, but they’re really midsize cars and don’t come close to matching the Cadillac’s interior room. See what we mean? There’s not much else in this price range if you want a true full-size sedan. And with the new turbo V6 in the mix, the XTS’s case is only getting stronger.

Powertrains and Performance The 2014 Cadillac XTS starts with front-wheel drive and a naturally aspirated 3.6-liter V6 engine that produces 304 hp and 264 pound-feet of torque. A six-speed automatic transmission is standard. All-wheel drive is available and can be identified by the moniker “XTS4.” In Edmunds testing, an XTS4 Platinum went from zero

to 60 in 7.3 seconds -- a second or so behind similarly priced and powered luxury sedans. Fuel economy stands at an EPA-estimated 17 mpg city/28 mpg highway and 21 mpg combined with front-wheel drive, while all-wheel-drive models are rated at 17/26/20. If you want more pep, the Premium and Platinum Vsport trims come with a turbocharged version of the 3.6-liter V6 that produces 410 hp and 369 lbft of torque. All-wheel drive is standard with the turbo V6, as is a six-speed automatic. The EPA rates the XTS Vsport at 16/24/19 mpg. Driving Impressions Its revolutionary dual-mode Magnetic Ride Control suspension works in tandem with cutting-edge HiPer Strut technology to adjust seamlessly to the road and help keep the tires keyed to the surface. The result is a flawless ride however refined or athletic you desire. As imposing as the 2014 Caadillac XTS seems at the curb, b, it’s a distinctly smaller car from m behind the wheel. Thanks to the standard adaptive suspension, trusty steering and responsive engines, the XTS manages to shrink its big body around the driver. Yet this full-size luxury sedan’s capable handling is more of a pleasant surprise than anything else. Comfort is king for a big Cadillac, and the XTS doesn’t disappoint. The same adaptive suspension that keeps the

body composed in corners provides a firm yet buttery-smooth ride on most surfaces. As for the new XTS turbo V6, it really transforms the driving experience. Not that there’s anything terribly wrong with the base engine, but the standard XTS lacks the confident oomph of traditional Cadillacs. The muscular Vsport, on the other hand, feels more like an old Caddy V8 off the line. Springing for the upgraded V6 is a no-brainer if power is a priority. Interior Design and Special Features Of course, we’re used to Cadillacs that give us room to stretch out. The XTS’s futuristic dashboard, though, is something else altogether. The optional gauge cluster display is beautiful, first of all, with all manner of driver-configurable options. Speak, and let Natural Voice Recognition help you place a phone call. Spread your fingers to zoom into a map,

swipe to breeze through music. The simplicity of a tablet has come to your car. Then there’s the CUE (“Cadillac User Experience”) interface, which integrates audio, phone, optional navigation and OnStar functionality into an 8-inch touchscreen display. Those familiar with smartphone and tablet interfaces will feel at home with CUE’s touchscreen, as it uses similar touch, swipe and pinch commands. There are also auxiliary touch-sensitive buttons beneath the touchscreen, however, and they’re a mixed bag. These buttons help control the stereo and climate systems, and they can be a challenge to use if you’re trying to drive at the same time. For efficient operation, you may need to look down at the panel for a bit to see what you’re pressing, which of course requires you to take your eyes off the road. As slick as this control panel looks, we’re not convinced practical that it’s practic al enough for prime time. From the

smartly placed mobile device holder to the center control panel that ingeniously glides open, every millimeter of the XTS reveals yet another brilliantly engineered and intelligently designed storage. The attention to detail extends to the spacious back seat. It not only offers legroom that’s unsurpassed in its class, it’s also elevated so every passenger is afforded a seat with a view. The cabin in the XTS rewards each passenger individually. Pressure-mapping technology was used extensively to optimize front-seat comfort, and rear passengers enjoy separate control of the available tri-zone climate system. Rear passengers are treated to first-class entertainment with the available new DVD entertainment system in the XTS. The system includes dual rearfacing, seat-mounted, 8-inch flip-up screens; two wireless headphones; and remote control. It’s Bluray


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Business Courage

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A19 35

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Autocare Care and maintenance tips to keep your car running in top-notch condition

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e’ve compiled our best expert advice, surprising tricks, and car care tips to prolong the life of your automobile!

compatible and allows for dualplay capability one movie can play on one screen while a different movie or video game is played on the other. 5-Star Safety With 10 standard airbags, the XTS is as defensive as it is dynamic. It even includes the added protection of progressive driver and front-passenger knee airbags. Not because it’s required, but because it’s a Cadillac. Add the security of the 2013 XTS receiving a 5-Star Overall Vehicle Score for safety the government’s highest rating and you’ll feel secure and protected no matter where your travels take you. The 2014 Cadillac XTS comes standard with antilock disc brakes, stability control and traction control, front and rear seat side airbags, side curtain airbags and front knee airbags. Also standard is OnStar, which includes automatic crash notification, on-demand roadside assistance, remote door unlocking, stolen vehicle assistance and turn-by-turn navigation. Adaptive cruise control with low-speed automatic braking is standard on Platinum and optional on Premium. Other safety features include blind-spot monitoring, lane departure warnings, forward collision warnings, rear cross-traffic alerts and a vibrating driver seat that alerts the driver to a variety of potential hazards including lane departure, or an impending collision on either side of the vehicle. M o s t avoidable

collisions happen at low speeds, so available radar and ultrasonic sensors are always on the lookout and may even help you prevent a collision by activating the brakes automatically. Adaptive forward lighting comes in the brilliance of the XTS High-Intensity Discharge (HID) headlamps which has been functionally enhanced with IntelliBeam. This available technology automatically switches between low and high beams when oncoming headlamps are sensed, or when taillamps are detected in front of you. Body Styles, Trim Levels, and Options The 2014 Cadillac XTS is a five-passenger luxury sedan. There are four trim levels: base, Luxury Collection, Premium Collection and Platinum Collection. Note that the Premium and Platinum Vsport versions come with the optional twinturbo V6. Standard equipment for the base XTS includes 19-inch wheels, adaptive suspension dampers, xenon headlamps, heated mirrors, rear parking sensors, keyless ignition/entry, dual-zone automatic climate control, eight-way power front seats (with power lumbar control), a power tilt-and-telescoping steering wheel and leather/ faux-suede upholstery. Standard technology features include Bluetooth phone and audio connectivity, an 8-inch 8 inch center touchscreen with Cadillac’s CUE interface, OnStar, voice controls and

an eight-speaker Bose sound system with a CD player, satellite radio, HD radio, iPod/USB connectivity and an auxiliary input. The XTS Luxury Collection adds LED lighting accents, visible dual-exhaust outlets in the rear fascia, illuminated door handles, rain-sensing wipers, adjustable thigh support for front passengers, extended wood interior trim, a heated steering wheel, driver and front-passenger memory functions, heated and ventilated front seats, heated rear seats, interior ambient lighting, front and rear parking sensors, a rearview camera, an automated parallel-parking system and rain-sensing wipers. The Premium Collection builds on those offerings with adaptive headlamps; automatic high beams; a head-up display; an upgraded driverconfigurable gauge cluster display; tri-zone automatic climate control; a 110-volt power outlet; a navigation system; voice controls; a 14-speaker Bose surround-sound audio system; rear seat audio controls; and a suite of safety features that include blind-spot detection, lane departure warning, rear crosstraffic alerts and front collision alerts. The Premium Vsport adds 20-inch wheels and a sportier-looking grille. Finally, the Platinum Collection boasts 20-inch wheels with chrome accents, unique exterior styling, adaptive cruise control with low-speed automatic braking, a panoramic sunroof, brak a po power rear sunshade, a faux suede sued headliner and additional cabin leather trim with upgraded u upholstery for the seats. The Platinum Vsport shares the Plat Premium Vsport’s grille, but Pr ge gets the same chrome-acce cented wheels as the regular P Platinum. The 2014 XTS is far from th the floaty Cadillac land ya yachts of yore, but when you you’re rolling down the highway in an XTS, there’s no doubt you’r in the lap of luxury. BC you’re

1. Be patient during the break-in period You’ve bought your dream car and now you want to make it last at long as possible in top condition. Here are some things to remember as you pull it out of the dealer’s lot: During the break-in period, typically the first 1,000 miles (1,600 km), keep your speed under 55 mph (88 kpm) or to the speed recommended by your car’s manufacturer. Avoid heavy loads on the drive train, such as towing trailers, and loading the roof rack or trunk with heavy construction materials. Do not allow your new car to idle for long periods — this is good advice for the life of your car, but especially during break-in. The oil pressure generated by doing so may not be sending oil to every part of your engine. Use only light to medium acceleration, keeping the engine rpms below 3,000 for the first few hours of driving. 2. Drive with care everyday being car considerate shouldn’t stop after the break-in. Drive with care every day and your car will reward you with longer intervals without repair. Do not race your car’s engine during start-up.This is a quick way to add years of wear to your engine, especially if it’s cold outside. Accelerate slowly when you begin your drive.The most wear to the engine and drive train occurs in the first ten to twenty minutes of operation. Warming the engine by letting it idle in the driveway is not a smart idea.The engine doesn’t operate at its peak temperature, resulting in incomplete fuel combustion, soot deposits on cylinder walls, oil contamination, and ultimately damaged components. Put less strain on your engine and automatic transmission by shifting to neutral at red lights. Otherwise, the engine is still working to push the car even while it’s stopped. Avoid driving at high speeds and accelerating quickly, especially when it’s very hot or very cold outside. Such driving behavior will result in more frequent repairs. Extend the life of your tires with careful driving. Observe posted speed limits. Avoid fast starts, stops, and turns. Avoid potholes and objects on the road. Don’t run over curbs or hit the tire against the curb when parking. And, of course, don’t burn rubber. When turning your steering wheel, don’t hold it in an extreme right or left position for more than a few seconds. Doing so can damage the power-steering pump. Consolidate your short driving trips. Most of the wear and tear — as well as the pollution your car generates — takes place in the first few minutes of driving. Doing several errands at once, during low traffic hours if possible, will keep your engine happier longer. 3. Buy gas at reputable service stations Ask whether the gas you buy is filtered at the pump and if the station has a policy about changing the pump filters regularly. If you get a song and dance, find another gas station. Some stations don’t have pump filters, making you more vulnerable to dirty gasoline. Other stations may not mix alcohol and fuel properly — or worse, water down their product. Find a station you trust and stick to it. 4. Don’t fill up if you see the tanker If you happen to see a gasoline tanker filling the tanks at your local gas station, come back another day or go to a different station. As the station’s underground tanks are being filled, the turbulence can stir up sediment. Sediment in your gas can clog fuel filters and fuel injectors, causing poor performance and possibly necessitating repairs. BC


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Business Courage

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C

Oshin

They expect nothing but the best from us, and we strive in every way to ensure that we always deliver on our promise of meeting and exceeding expectations. We will always endeavour to remain one of the most attractive stock options in the insurance sector, through innovative services, expanded product portfolio, improved operational efficiencies and stronger financial capacity.” CAI is a registered member of the Nigerian Insurers Association (NIA) and is approved by other regulatory bodies in Nigeria to offer Insurance Services. The company was established to provide services that extend beyond national frontiers and in 2010 was honoured at the 15th Pearl Awards in the sectorial Leadership (Insurance) and Profit Margin Ratio (Market Excellence) categories. BC

Enterprise Bank reiterates MasterCard prepaid card convenience to customers

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n the spirit of the season, Enterprise Bank has reaffirmed the fact that her customers will enjoy additional convenience with the dual purpose Enterprise Bank MasterCard Prepaid Card that is used locally and internationally. The card is a multi-purpose chip and pin debit card that can be prefunded with cash. The card can then be used to effect cashless payments (like a bank debit card) on the internet, Point of Sale (PoS) terminals and cash from Automated Teller Machines (ATMs). All these features, the bank added, make it a convenient companion for travelers this period. A statement from the bank said that the unique benefit of the card, which is open to both customers and non-customers of the bank alike, is that the individual would have no need to open or have a bank account in order to have the prepaid card. The card, which can be pre-funded in Naira or United States Dollar (USD) denominations, is ideal for students, corporate accounts (expense cards, estacode, and corporate travel) and travel cards among others. The card, the bank stated, also eliminates the burden of carrying large sums of money around just as it allows its holders to spend conveniently since both the Personal Travel Allowance (PTA) and Basic Travel Allowance (BTA) are loadable on

National Mirror www.nationalmirroronline.net

SASSA MasterCard Debit Card grows financial inclusion in South Africa

Custodian and Allied Posts N2.5b Q3 Profit ustodian and Allied Insurance Plc (CAI), a wholly owned Nigerian insurance company quoted on the Nigerian Stock Exchange, has announced Profit before tax of N2.5billion for the unaudited third quarter ended 30 September 2013. This indicates an increase of 89.5 per cent over the N1.3 billion recorded in the corresponding period of 2012. Managing Director of the company, Mr Wole Oshin, who made this known in a statement released at the weekend, said the results have been transmitted to the stock market. He noted that profit after tax increased by the same proportion from N1.14 billion to N2.1 billion, while the company’s asset base increased from N40.9 billion to N47.2 billion, indicating 15.3 per cent growth within a nine-month period. In the same vein, gross written premium rose to N19.8 billion from N9.4 billion, depicting a 109 per cent increase. Commenting on these stellar performance, the Custodian and Allied Insurance boss said, “Our performance demonstrates CAI’s commitment to its clients and shareholders.

Monday, November 18, 2013

the prepaid card. With the product, the statement further affirmed that, “Holders of the Mastercard prepaid do not need to carry huge amounts in foreign currencies during foreign trips because money loaded in the card is already available, secure, safe and can be used anywhere in the world. What that means is that it is convenient for everybody that will be travelling both within and outside the country during the festive period.” The bank also said that the process of acquiring the card is simple because customers can collect eBusiness application forms from any branch of Enterprise Bank nationwide and submit completed ones with required documents. Once this is perfected, the individual will collect the card on the spot and in addition, receive a welcome letter and a user manual, which guides them through detailed and effective usage of the card. With this development, Enterprise Bank continues to play a key role in advancing the implementation of the cashless policy of the Central Bank of Nigeria (CBN) as part of the effort to be the bank of choice to all Nigerians. The bank has also strengthened its ATM and PoS networks as well as its Internet and Mobile banking services, which completely ensures convenient banking for its numerous customers, patrons and prospects. BC

he FinMark Trust FinScope South Africa 2013 consumer survey shows that South Africa’s banked population has grown substantially from 23.9 million people in 2012 to 27.4 million people in 2013, signifying strong growth in financial inclusion. The survey measures and profiles levels of access to financial services among South Africans aged 16 and older, and highlighted that 75 per cent of South Africans are now banked. Dr Prega Ramsamy, CEO of FinMark Trust, explained that the overall increase in the banked population has been driven by two key factors: the roll out of the South African Social Security Agency (SASSA) MasterCard Debit cards, which contributed 1.9 million people to the banked population in 2013, and organic banking growth. “The success of the SASSA Debit MasterCard card roll out is having a significant impact on the South African payments system, on socio-economic development and most importantly on the cardholders who can now manage their finances in a much more dignified, convenient and safe way,” says Philip Panaino, Division President, MasterCard, South Africa. Since March 2012 ,10 million SASSA Debit MasterCard cards have been issued to grant recipients, following the introduction of a new grant disbursement system introduced by SASSA to minimise fraudulent grant applications and collections and reduce grant administration costs by distributing all grant payments electronically. As part of the SASSA re-registration process, each recipient has a bank account opened for them, which is offered free of monthly charges by Grindrod Bank (http://www.grindrodbank.co.za). Recipients can deposit funds into their bank account via electronic funds transfer (EFT) or third party bank transfer. The SASSA Debit MasterCard card can be used anywhere MasterCard is accepted, and grant recipients can make purchases, check their account balances and withdraw cash at till points without incurring transaction charges at selected South African retailers. Recipients can also withdraw cash

Ramsamy

at any ATM, which does however attract transaction charges. In its National Development Plan, the South African Government challenged the financial sector to achieve financial inclusion of 70 per cent in the country by 2013, with a target of 90 per cent set for 2030. “The strides taken to reach the under and unbanked population to increase financial inclusion by both government and the financial services sector have had a substantial impact in 2013, reaching 8 per cent more South Africans than in 2012, and exceeding the 2013 target of 70 per cent set by government. This places South Africa in a strong position to meet its 2030 target. However, access should be accompanied by financial education,” says Ramsamy. The survey also revealed that 65 per cent of banked adults surveyed said that they prefer using bank cards instead of cash to make their purchases. “It is clear that electronic payments are being embraced by millions of South Africans who are now realising the benefits of a cashless society,” says Panaino. “It is our goal to continue to grow financial inclusion both in South Africa and abroad by introducing innovative payment solutions that will help make transacting quicker, safer and more convenient for everyone, everywhere and whenever needed.” BC

Oando Q3 profit drops by 31.7 per cent

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he third quarter 2013 result published by the Nigerian Stock Exchange (NSE) has shown Oando Q3 profit before tax (PBT) dropping by 48.4 per cent to N3.605 billion as against Q3 2012 while profit after tax (PAT) dropped by 31.7 per cent to N1.82 billion. The result also saw sales dropping by 22.8 per cent to N105.924 billion, cost of

Wale Tinubu, Oando CEO

sales crashed by 22.3 per cent to N89.435 billion and gross profit fell by 25.4 per cent to N16.489 billion. The decline in sales may not be unconnected with the management’s plans to stop importation of petroleum products during Q3 as a result of huge debts owed by the Federal Government under the subsidy re-imbursement program. Management had set a November 30 deadline to conclude the acquisition of ConocoPhillips’ Nigerian business interests by Oando Energy Resources (OER) – Oando’s exploration and production subsidiary. In line with this, OER announced a month ago that it had received commitment letters for up to US$815 million of credit facilities which would be primarily applied to the acquisition. The credit facilities comprise of US$ 465 million reserve based lending facility internationally placed and a locally arranged US$ 350 million senior secured loan. Year to date, Oando shares have gained mere 4 per cent when compared with the NSE All Share Index’s 35.1 per cent. BC


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Business Courage

Monday, November 18, 2013

A21 37

L-R: Executive Director, Market Operations and Technology, The Nigerian Stock Exchange (NSE), Ade Bajomo; Honourable Minister of Communications Technology Omobola Johnson; Chief Executive Officer, NSE, Oscar Onyema; Founder/CEO, Computer Warehouse Group (CWG), Austin Okere; and Executive Director, Business Development, NSE, Haruna Jalo-Waziri at the listing of CWG at the NSE on Friday, November 15, 2013.

Computer Warehouse Group to boost market cap by N14bn By Johnson Okanlawon

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hares of Computer Warehouse Group has been admitted on daily official list of the Nigerian Stock Exchange on Friday. The listing of the shares is expected to boost the market capitalisation of the Exchange by about N14bn and the company would be the highest capitalised security in the ICT sector of the Nigerian bourse. Speaking at the launch, the Chief Executive Officer of the company, Austin Okere, who was enthusiastic about the company going public, said that with a seed capital of about N160,000 in 1992, the company received a valuation of N6.97bn in 2009 from Vetiva Capital for its private placement and the issue was oversubscribed. According to him, a private equity firm, Aureos Capital took up a major chunk of the issue, defying the depressed atmosphere of the global economic

recession at that time. He said, “CWG seems to be on track to repeat this feat on its listing, at a target share price of N5.48 -just about doubling its private placement price of N3.40 in 2009 albeit in a very challenging environment characterised by significant slowdown in global economic progression.” The CEO who is also the founder of CWG said that the share listing, which had been in the pipeline for some months, would give the company more visibility and aid it to achieve its vision of being the number one information technology service enabler in Africa by 2015. Okere noted that the company’s best is yet to arrive as it has over the years built a copious amount of its turnover into annuities from deploying its own intellectual property, to enable financial inclusiveness

in mobility. He said, “We have very good products and services that are enjoying very good patronage -about 12 of the large banks in Nigeria run on the finacle core banking application, which CWG jointly promotes in West Africa with Infosys International, processing close to 70 per cent of all financial transactions in Nigeria. “CWG has taken advantage of its early mover status in the surge in ICT outsourcing demands to provide the service for the largest telecommunication company in Nigeria and the largest downstream company in the oil and gas sector in Nigeria.” He expressed confidence that the company would be well received in the capital market as investors stood to gain significantly in the years ahead. “We are very certain that our shares would be well received by the market community, because we are in the ICT sector and Information Technology products and services will continue to be in high demand,” he added. BC

ABC Transport declares N4.9billion turnover

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oremost transport company, ABC Transport Plc has released its financial results for the nine-month period ended September 30 with the group revenue for the period standing at N4.930bn. The figure represents a 2.4 per cent increase on the 4.813bn it posted in 2012. The results, which were posted on the website of the Nigerian Stock Exchange, showed that the company’s revenue for the third quarter stood at N4.885bn, indicating a 1.8 per cent rise on the N4.799bn it declared in the corresponding period of 2012. Profit before tax for the group was N241.807m, representing a 29.65 per cent drop on the N343.729m it posted in 2012. Similarly, profit before tax for the company dropped by 30.24 per cent to N253.073m in the nine-month period ended Sep-

tember 30, from N362.749 in 2012. The statement also showed that basic earnings per share (kobo) for the group declined from N12.38 in 2012 to N8.65 in the period under review. ABC Transport Obayomi had declared a dividend of 13 kobo per ordinary share of 50 kobo ahead of its Annual General Meeting, which was held in August. Following the AGM, the company announced the appointment of Olumide Obayomi as the Chairman of its Board of Directors. Obayomi, who has a first degree in accounting and a Master’s degree in finance from the University of Lagos, succeeded Dr. Aloysious Nwaogwugwu,

who retired as a director and chairman of the company at the AGM. He had joined the board of the company in February 2006, as a representative of Capital Alliance Private Equity Funds, the private equity funds that invested in the company in early 2003. He is a Fellow of the Institute of Chartered Accountants of Nigeria as well as an associate of both the Chartered Institute of Taxation of Nigeria and the Chartered Institute of Management of Nigeria. The transport company had in April announced the expansion of its operations with the injection of 24 new luxury buses. BC

Market Indicators for Week Ended 15-11-13 All-Share Index 37,870.87 points Market Capitalization N12,100,140,166,086.06 Stock Updates GAINERS COMPANY

OPENING PRICE

FORTE OIL

95.16

CLOSING PRICE 104.90

CHANGE 10.24

TRANSCORP

2.06

2.26

9.71

AIICO

0.78

0.83

6.41

AFRIPRUD

1.90

1.99

4.74

NAHCO

6.00

6.28

4.67

LOSERS COMPANY

OPENING PRICE

CLOSING PRICE

CHANGE

DNMEYER

1.80

1.71

COSTAIN

1.01

0.96

-5.00 -4.95

PORTPAINT

4.86

4.62

-4.94

WEMABANK

1.24

1.18

-4.84

TRANSEXPR

1.38

1.32

-4.35

Inter-Bank Rates TENOR

RATE%(PREV) 29-Oct-2013

RATE%(CURR) 06-Nov-2013

CALL

10.7500 - 10.7500%

12.0000 - 12.0000%

OBB

10.0000 - 11.9000%

10.7500 - 13.0000%

Primary Market Auction TENOR

AMOUNT (N’mn)

91-Days

RATE (%)

DATE

32888.9

10.8

23-Oct-13

182-Days

30000

11.58

23-Oct-13

364-Days

31385.9

11.7

23-Oct-13

Open Market Operation TENOR

AMOUNT (N’mn)

182-Days

100000

91-Days 182-Days

RATE (%) 12.75

DATE 05-Sept-13

22970.71

10.9

05-Sept-13

40000

12.34

05-Sept-13

Wholesale Dutch Auction System AMOUNT OFFERED

MARKET DEMAND

AMOUNT SOLD

DATE

$350m

$343,103,557.23m

$343,103,557.23m

04-Nov-13

$400m

$399,901,670.19m

$399,901,670.19m

30-Oct-13


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National Mirror www.nationalmirroronline.net

Nigerian Breweries Plc: Profit impaired by huge investment in company products By Johnson Okanlawon

T

he slowdown in growth of brewed product market in 2012 affected the Nigerian Breweries profit, even as the competition in the sector remained stiff. For instance, the coast is not yet clear in the stout market for Legend Extra Stout, the premium stout despite winning the Gold Quality Award at the 51st Monde where Guinness Extra Stout trailed the brand. This has affected the sales growth of the Nigerian Breweries in the year under review. The company announced a net profit of N38.04billion for the financial year ended December 31, 2012, a marginal increase of 1.01 per cent when compared to N38.43billion recorded in the same period of 2011. The company’s revenue rose by 21.9 per cent to N252.7billion, from N207.3billion recorded in 2011, while cost of sales increased by 87 per cent to N127.2billion, from N98.2billion in the 2011 financial year. The excellent revenue performance was also supported by the continuous high investment in their rich portfolio of brands as well as their route to market. For instance, the company invested the sum of N36billion in 2012 on various capacity expansion projects to prepare for the expected growth in the industry and to further support the strong growth of its brands.

Background Nigerian Breweries Plc, the pioneer and largest brewing company in Nigeria, was incorporated in 1946. In June 1949, the company recorded a landmark when the fi rst bottle of STAR lager beer was rolled off its Lagos Brewery bottling lines. In 1957, the company commissioned its second brewery in Aba, Abia State and was followed by the Kaduna Brewery plant which was commissioned in 1963. The Ibadan plant came on stream in 1982. In 1993, the company acquired its fi fth brewery in Enugu and in October 2003, a sixth brewery, sited at Ameke, in Enugu State was commissioned and christened Ama Brewery. Ama Brewery is today, acclaimed to be the biggest and most modern brewery in Nigeria. Operations in the Old Enugu Brewery were however discontinued in 2004, while the company acquired a malting Plant in Aba in 2008. In October 2011, Nigerian Breweries acquired majority equity interests in Sona Systems

to 22.81 per cent in 2012. Both gross profit margin and PBT margin in 2012 decreased over the 2011 figures. Gross profit margin dipped to 49.65 per cent, from 52.00 per cent while profi t before tax margin declined by 4.71 basis points to 22.01 per cent in 2012. The company’s total cost as a percentage of gross earnings stood at 84.94 per cent grew from 81.97 per cent recorded in the corresponding period of 2011. PAT margin currently stands at 15.06 per cent, down from 18.03 per cent in the corresponding period of 2011. The overall results indicate that the previous year’s performance was better than the current year.

Vervelde

Associates Business Management Limited, (Sona Systems) and Life Breweries Limited from Heineken N.V. This followed Heineken’s acquisition of controlling interests in fi ve breweries in Nigeria from Sona Group in January 2011. Sona Systems’ two breweries in Ota and Kaduna, and Life Breweries in Onitsha have now become part of Nigerian Breweries Plc, together with the three brands: Goldberg Lager, Malta Gold and Life Continental lager. Thus, from the humble beginning in 1946, Nigerian Breweries now has eight operational breweries from which its high quality products are produced and distributed to all parts of Nigeria, in addition to the ultra modern malting plant in Aba and Kaduna. Performance The audited financial year ended December 31, 2012 shows that its top line indices improved steadily for the third consecutive year. Gross earnings grew from N186 billion in 2010 to N252.7 billion in 2012. The turnover or revenue for the review period increased by 19.7 per cent, compared with N211.1 billion in the corresponding period of 2011. The increase in revenue could be traced to the company’s investment in production capacity and acquisition of Sona Systems and Life Breweries. However, the brewing giant appears not to be cost effective in recent time, resulting in de-

clined profitability as profit before tax decreased by 1.37 per cent between 2011 and 2012 to N55.62 billion from N56.4 billion. Profit after tax was N38.04 billion, down from N38.05 billion in 2011, representing a decrease of 0.02 per cent. Consequently, the board has recommended (for the Company), the payment of a total dividend of N22.7 billion, which is N3.00 per ordinary share of fifty kobo each for the 2012 financial year. The N3.00 per share is the same amount paid in the 2011 financial year. Profitability Ratios/Earnings Return on equity which reveals how much profit a company earned in comparison to the total amount of shareholders’ equity found on the balance sheet dropped from 26.27 per cent in the preceding year

Liquidity Ratios One area that the management of Nigeria Breweries need to improve on is its assets quality. This is because both current and quick ratios fall short of the common rule of thumb. The current ratio which expresses the relative relationship between current assets and current liabilities closed at 0.65:1 in 2012 compared with 0.64:1 in 2011. A rule of thumb suggests that a 2:1 ratio is ordinarily satisfactory. Similarly, quick ratio (acid -test ratio) which measures the debtpaying ability of a company also shows that the company would not be able to meet its financial obligation as when due. Quick ratios stood at 0.37:1, down from 0.39:1 figure recorded in 2011 and 1.5:1 minimum value for a company with strong assets base. This suggests that the brewing company could not meet its financial obligation as when due. Asset Quality A cursory look at the balance sheet position in 2012 compared with the position as

at 2011 shows that the company’s fi xed assets recorded an increase, due largely to investment in production capacity and acquisition of Sona Systems and Life Breweries. Fixed assets increased by 15.6 per cent to N142.4 billion from N123.2 billion in 2011. Cash and bank balances decreased from N21.88 in fi nancial year, 2011, to record N9.51 billion 2012. Obviously, the drop in the cash and bank balances should be as a result of project fi nance. Current assets dropped by 1.65 per cent to N56.87 billion from N57.8 billion in 2011 while shareholders’ funds closed at N166.8 billion from N144.83 billion in 2011. Stocks increased by 11 per cent to N24.65 billion from N22.11 billion in the previous period while trade debtors increased by 64 per cent to N22.7 billion from N13.83 billion, as trade creditors increased by 8.02 per cent to N61.69 billion in 2012 from N57.11 billion in comparable period in 2011. Future It is obvious that demand for brewery products will remain strong in spite of the economic situation in the country. However, high production cost, as a result of rising energy, power and packaging costs is putting pressure on profit margin in the industry. There is also the need for the management to find ways to recover its weak liquidity. Meanwhile, the expansion project embarked upon by the management in its various brewing sites is expected to generate more revenue in the future. The Managing Director of the company, Mr. Nicolaas Vervelde pointed out that the company is well positioned to take advantage of any growth in the market to sustain its leadership position as well as maintain the healthy yield on investment for its investors. The company’s chairman, Mr. Kolawole Jamodu said, “The major players in the market have invested in the expansion of production capacity thereby preparing them for the anticipated upswing in the market. “The board is more than confident that the investments in our brands, production facilities, human capacity and others, have put us in the position to excel as always, competition notwithstanding. We aim to jealously guide our leadership position as well as maintain the yield on our investment.” BC


National Mirror www.nationalmirroronline.net

Business Courage

Monday, November 18, 2013

A23 39

STOCKWATCH Stock Exchange weekly equities summary as at Friday, Nov 15, 2013 SECURITY

PRICE (=N=)

AGRICULTURE/AGRO-ALLIED Crop Production FTN COCOA PROCESSORS PLC 0.50 OKOMU OIL PALM PLC. 43.00 PRESCO PLC 38.00 Fishing/Hunting/Trapping ELLAH LAKES PLC. 4.26 Livestock/Animal Specialties LIVESTOCK FEEDS PLC. 3.67 CONGLOMERATES Diversified Industries A.G. LEVENTIS NIGERIA PLC. 1.57 CHELLARAMS PLC. 4.15 JOHN HOLT PLC. 1.29 TRANSNATIONAL CORP. OF NIG.PLC 2.26 U A C N PLC. 66.50 CONSTRUCTION/REAL ESTATE Building Construction ARBICO PLC. NT CAPPA & D’ALBERTO PLC. NT Building Structure/Completion/Other COSTAIN (W A) PLC. 0.96 G CAPPA PLC NT Non--Building/Heavy Construction JULIUS BERGER NIG. PLC. 75.00 ROADS NIG PLC. NT Real Estate Development PINNACLE POINT GROUP PLC NT UACN PROPERTY DEV 18.90 Real Estate Investment Trusts (REITs) SKYE SHELTER FUND PLC NT UNION HOMES REAL ESTATE INV NT UPDC REAL ESTATE INVESTMENT TRUST NT CONSUMER GOODS Automobiles/Auto Parts DN TYRE & RUBBER PLC 0.50 Beverages--Brewers/Distillers CHAMPION BREW. PLC. NT GOLDEN GUINEA BREW. PLC. NT GUINNESS NIG PLC 238.55 INTERNATIONAL BREWERIES PLC. 22.03 JOS INT. BREWERIES PLC. 3.50 NIGERIAN BREW. PLC. 175.50 PREMIER BREWERIES PLC NT Beverages--Non-Alcoholic 7-UP BOTTLING COMP. PLC. 68.00 Food Products BIG TREAT PLC NT DANGOTE FLOUR MILLS PLC 10.18 DANGOTE SUGAR REFINERY PLC 10.90 FLOUR MILLS NIG. PLC. 84.00 HONEYWELL FLOUR MILL PLC 2.90 MULTI-TREX INTEGRATED FOODS PLC 0.50 N NIG. FLOUR MILLS PLC. 24.37 NATIONAL SALT CO. NIG. PLC 11.86 P S MANDRIDES & CO PLC. NT U T C NIG. PLC. 0.60 UNION DICON SALT PLC. NT Food Products--Diversified CADBURY NIGERIA PLC. 59.81 NESTLE NIGERIA PLC. 1,220.00 Household Durables BETA GLASS CO PLC. NT NIGERIAN ENAMELWARE PLC. NT VITAFOAM NIG PLC. 4.40 VONO PRODUCTS PLC. NT Personal/Household Products P Z CUSSONS NIGERIA PLC. 38.00 UNILEVER NIGERIA PLC. 59.00 Textiles/Apparel UNITED NIG. TEXTILES PLC. NT FINANCIAL SERVICES Banking ACCESS BANK PLC. 9.27 DIAMOND BANK PLC 7.10 ECOBANK TRANSNATIONAL INC. 13.90 FIDELITY BANK PLC 2.58 FIRST CITY MONUMENT BANK PLC. NT GUARANTY TRUST BANK PLC. 25.95 SKYE BANK PLC 4.05 STERLING BANK PLC. 2.28 U B A PLC 7.66 UNION BANK NIG.PLC. 10.15 UNITY BANK PLC 0.52 WEMA BANK PLC. 1.18 ZENITH BANK PLC 21.29 Insurance Carriers, Brokers & Services AFRICAN ALLIANCE INS. COY. PLC NT AIICO INSURANCE PLC. 0.83 CONFIDENCE INSURANCE PLC NT CONSOLIDATED HALLMARK INS. PLC 0.50 CONTINENTAL REINSURANCE PLC 1.13 CORNERSTONE INS. COY. PLC. 0.50 CUSTODIAN AND ALLIED INS. PLC 1.73 EQUITY ASSURANCE PLC. NT GOLDLINK INSURANCE PLC NT GREAT NIGERIAN INSURANCE PLC NT GUINEA INSURANCE PLC. NT INTERCONTINENTAL WAPIC INS. PLC NT INTERNATIONAL ENERGY INS. PLC 0.57 INVESTMENT AND ALLIED ARN. NT LASACO ASSURANCE PLC. 0.50 LAW UNION AND ROCK INS. PLC. NT LINKAGE ASSURANCE PLC NT MANSARD INSURANCE PLC 2.27 MUTUAL BENEFITS ASSURANCE PLC. 0.50 N.E.M INSURANCE CO (NIG) PLC. 0.62 NIGER INSURANCE CO. PLC. 0.50 OASIS INSURANCE PLC NT PRESTIGE ASSURANCE CO. PLC. 0.53 REGENCY ALLIANCE INS. COY PLC NT SOVEREIGN TRUST INSURANCE PLC 0.50 STACO INSURANCE PLC NT STANDARD TRUSTASSURANCE PLC NT STANDARD ALLIANCE INS. PLC. NT UNIC INSURANCE PLC. NT UNITY KAPITAL ASSURANCE PLC 0.50 UNIVERSAL INS. COMPANY PLC 0.50 WAPIC INSURANCE PLC 0.88 Micro Finance Banks FORTIS MICROFINANCE BANK PLC NT NPF MICROFINANCE BANK PLC 0.84 Mortgage Carriers, Brokers &Services ABBEY BUILDING SOCIETY PLC 1.49 ASO SAVINGS AND LOANS PLC 0.50 RESORT SAVINGS & LOANS PLC 0.50 UNION HOMES SAVINGS&LOANS PLC 0.5 Other Financial Institutions AFRICA PRUDENTIAL REGISTRARS 1.99 CRUSADER ( NIG) PLC. NT DEAP CAPITAL MGT & TRUST PLC NT FBN HOLDINGS PLC 16.12 FCMB GROUP PLC 3.55 NIG SEW. MACH. MAN. CO. PLC. NT NIGERIA ENERYGY SECTOR FUND NT ROYAL EXCHANGE PLC. 0.54 STANBIC IBTC HOLDINGS PLC 19.40 UBA CAPITAL PLC 1.43 HEALTHCARE Healthcare Providers EKOCORP PLC. NT UNION DIAGNOSTIC &CLINICAL PLC NT Medical Supplies MORISON INDUSTRIES PLC. NT Pharmaceuticals EVANS MEDICAL PLC. 3.22

NOTE NT=Not Traded on 15-11-13

QUANTITY

52 WK HIGH

52 WK LOW

SHARES OUTSTANDING

EPS

MOV. (%)

Previous

10,000 559,343 431,707

0.64 107.81 41.14

0.50 20.92 8.24

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

0.10 2.29 7.55

N/A -2.27 5.56

0.50 44.00 36.00

70

4.26

4.26

60,000,000

0.00

N/A

NT

310,824

7.18

0.68

1,199,549,736

0.07

-1.87

3.74

19,409 100 6,066 98,613,323 414,109

2.08 6.43 5.89 2.26 71.10

0.71 4.15 1.07 0.50 28.00

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

0.11 0.16 1.09 0.09 4.38

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

NT 4.15 1.29 1.87 66.00

20 3

26.00 95.49

5.05 95.49

148,500,000 196,876,000

0.33 4.50

N/A N/A

NT 95.49

1,459,889 3

2.66 14.46

0.72 14.46

920,573,765 125,000,000

0.00 0.00

N/A N/A

1.06 NT

29,327 133

83.75 10.60

19.86 6.61

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

6.74 1.69

0.00 N/A

75.00 NT

NT 790,344

7.28 19.25

7.28 8.82

1,375,000,000

0.00 2.20

N/A 4.48

NT 18.09

1,000 NT 1,820

100.00 50.00 10.50

100.00 50.00 0.00

20,000,000 250,019,781

5.82 0.19

N/A N/A

NT NT NT

5,000

0.50

0.50

4,772,528,415

0.00

N/A

0.50

50,000 10,082 366,109 242,348 143,000 620,019 3,000

19.48 0.68 297.41 28.67 9.09 179.40 0.97

3.13 0.68 209.10 5.34 0.81 91.10 0.93

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

0.00 0.00 8.66 0.63 0.00 5.03 0.00

N/A N/A -3.24 N/A N/A -0.06 N/A

NT NT 246.53 22.00 3.60 175.60 NT

6,882

75.90

38.12

640,590,362

4.46

N/A

68.00

NT 157,820 1,016,450 210,848 456,643 170 2,534 404,326 1,700 50,539 NT

0.50 10.68 12.85 109.24 3.74 1.21 29.70 14.00 5.94 0.93 4.22

0.50 3.85 3.26 50.00 1.83 0.50 17.51 3.65 5.35 0.50 4.22

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

0.00 0.00 0.81 3.38 0.34 0.00 0.00 1.05 0.08 1.13 0.00

N/A 4.84 -0.82 -1.18 -2.68 N/A N/A 0.51 N/A -10.45 N/A

NT 9.71 10.99 85.00 2.98 0.50 24.37 11.80 5.35 0.67 NT

623,042 91,403

64.53 1128.76

8.33 400.00

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

1.57 28.34

6.80 8.08

56.00 1,128.76

NT NT 19,772 429,000

15.58 36.19 5.54 2.88

10.03 32.27 2.91 0.57

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

3.90 13.92 0.71 0.00

N/A N/A 5.77 N/A

NT NT 4.16 1.68

100,695 508,514

56.00 76.00

21.02 27.60

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

1.34 1.42

1.01 -1.83

37.62 60.10

NT

0.97

0.57

843,284,027

0.00

N/A

NT

13,967,855 6,143,557 1,432,746 3,728,791 NT 17,978,606 2,019,035 2,552,970 13,109,573 607,556 14,831,087 1,876,958 26,438,616

12.39 7.66 16.01 3.47 8.30 29.99 7.05 3.05 9.60 15.30 1.16 1.88 22.80

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

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

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

-0.43 4.11 0.72 -3.73 #VALUE! 0.19 -1.22 1.79 -4.73 0.50 0.00 -9.23 -0.05

9.31 6.82 13.80 2.68 NT 25.90 4.10 2.24 8.04 10.10 0.51 1.30 21.30

1,000 10,284,527 NT 300,000 5,100 795,759 1,580,835 711,035 NT 150 20 NT 894,764 NT 9,000 100 100,000 65,250 900 1,966,714 10,000 15,000 313,244 100 1,000 200 90,253 98,178 7,464 100,000 221,000 9,742,181

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

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

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

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

N/A 0.00 N/A N/A 0.00 0.00 0.00 N/A N/A N/A N/A N/A 0.00 N/A N/A N/A 0.00 12.38 N/A -4.62 N/A N/A 1.92 N/A 0.00 N/A

0.50 0.50 0.50 0.50 1.55

0.50 0.50 0.50 0.50 0.50

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

0.00 0.00 0.02 0.00 0.07

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

NT 0.87 NT 0.50 1.15 0.52 1.67 0.50 NT NT 0.50 NT 0.67 NT NT NT NT 2.02 NT 0.65 0.50 NT 0.52 0.50 NT NT NT NT NT 0.50 NT 0.83

4,100 35,000

6.60 1.22

0.00 0.72

345 6,300 500 10,000

1.65 0.50 0.50 0.99

1.37 0.50 0.50 0.50

504,683 NT NT 3,185,606 1,228,178 NT 100 149,676 1,869,973 1,739,621

2.1 0.61 2.02 21.50 5.70 0.15 552.20 1.33 20.72 1.70

0.5 0.50 2.02 8.57 2.90 0.15 555.20 0.50 10.64 0.00

286 100

5.05 0.50

4.32 0.50

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

0.13 0.00

N/A N/A

NT NT

NT

10.54

7.39

152,178,750

0.00

N/A

NT

1,618

4.80

0.50

486,473,856

0.58

-4.73

3.38

N/A=Not Avialable

1.18 0.19 4,200,000,000 8,679,148,676 13,175,732,404 7,812,500,000

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

0.03 0.02 0.30 0.00 0.63 0.00 0.15 2.45 1.23 0.00 12.68 0.13 1.53 0.29

NT 0.80 N/A N/A N/A N/A

N/A N/A -0.80 N/A N/A N/A 2.11

NT NT NT NT 1.92 NT NT 16.25 3.60 NT NT 0.52 19.00 1.46

SECURITY

PRICE (=N=)

FIDSON HEALTHCARE PLC 2.00 GLAXO SMITHKLINE CONSUMER PLC 67.00 MAY & BAKER NIGERIA PLC. 2.01 NEIMETH INT PHARM PLC 1.20 NIGERIA-GERMAN CHEMICALS PLC. NT PHARMA-DEKO PLC. NT ICT Computer Based Systems COURTEVILLE BUSINESS SLN PLC 0.60 Computers and Peripherals OMATEK VENTURES PLC NT Electronic Communications Services MTECH COMMUNICATIONS PLC NT IT Services NCR (NIGERIA) PLC. NT TRIPPLE GEE AND COMPANY PLC. NT Processing Systems CHAMS PLC NT E-TRANZACT INTERNATIONAL PLC 3.13 Telecommunications Carriers STARCOMMS PLC NT Telecommunications Services IHS NIGERIA PLC PREF SHARES NT IHS PLC 2.81 MTI PLC 0.5 INDUSTRIAL GOODS Building Materials AFRICAN PAINTS (NIGERIA) PLC. NT ASHAKA CEM PLC 23.00 BERGER PAINTS PLC 8.12 CAP PLC 47.00 CEMENT CO. OF NORTH.NIG. PLC 9.80 DANGOTE CEMENT PLC 185.00 DN MEYER PLC. 1.71 FIRST ALUMINIUM NIGERIA PLC 0.50 IPWA PLC 0.70 LAFARGE WAPCO PLC. 105.00 PAINTS & COATINGS MANFACT.PLC 2.09 PORTLAND PAINTS & PRDT NIG. PLC 4.62 PREMIER PAINTS PLC. NT Electronic and Electrical Products AUSTIN LAZ & COMPANY PLC NT CUTIX PLC. 1.85 NIGERIAN WIRE AND CABLE PLC. NT NIGERIAN WIRE IND. PLC NT Packaging/Containers ABPLAST PRODUCTS PLC. NT AVON CROWNCAPS & CONTAINERS 1.71 BETA GLASS CO PLC. 13.10 GREIF NIGERIA PLC 12.68 NIG. BAGS MANFACT. COY PLC NT POLY PRODUCTS (NIG) PLC. NT W A GLASS IND. PLC. NT Tools and Machinery NIGERIAN ROPES PLC NT STOKVIS NIG PLC. NT NATURAL RESOURCES Chemicals B.O.C. GASES PLC. 6.35 Metals ALUMACO PLC NT ALUMINIUM EXTRUSION IND. PLC. NT MINING SERVICES MULTIVERSE PLC 0.50 Paper/Forest Products HALLMARK PAPER PRODUCTS PLC. NT THOMAS WYATT NIG. PLC. NT OIL AND GAS Energy Equipment and Services JAPAUL OIL & MARITIME SER. PLC 0.50 Integrated Oil and Gas Services OANDO PLC 11.00 Petroleum &Petroleum Products Distributors AFROIL PLC NT BECO PETROLEUM PRODUCT PLC NT CONOIL PLC 51.48 ETERNA PLC. 2.95 FORTE OIL PLC. 104.90 MOBIL OIL NIG PLC. 115.50 MRS OIL NIGERIA PLC. 41.79 TOTAL NIGERIA PLC. 160.11 SERVICES Advertising AFROMEDIA PLC NT Apparel Retailers LENNARDS (NIG) PLC. NT Automobile/Auto Part Retailers R T BRISCOE PLC. 1.30 Courier/Freight/Delivery RED STAR EXPRESS PLC 4.55 TRANS-NATIONWIDE EXPRESS PLC. 1.32 Employment Solutions C & I LEASING PLC. NT Hospitality TANTALIZERS PLC NT Hotels/Lodging CAPITAL HOTEL PLC NT IKEJA HOTEL PLC 0.74 TOURIST COMPANY OF NIGERIA PLC. 4.08 TRANSNATIONAL CORP. OF NIG.PLC NT Media/Entertainment DAAR COMMUNICATIONS PLC 0.50 Printing/Publishing ACADEMY PRESS PLC. NT LEARN AFRICA PLC 1.89 STUDIO PRESS (NIG) PLC. NT UNIVERSITY PRESS PLC. NT Road Transportation ABC TRANSPORT PLCPLC 0.81 Specialty INTERLINKED TECHNOLOGIES PLC NT SECURE ELECTRONIC TECH.PLC NT Transport-Related Services AIRLINE SERVICES AND LOGISTICS PLC 3.38 NIG. AVIATION HANDLING COY PLC 6.28 ASeM CONSTRUCTION/REAL ESTATE Property Management SMART PRODUCTS NIGERIA PLC 1.28 CONSUMER GOODS Food Products MCNICHOLS PLC NT Personal/Household Products ROKANA INDUSTRIES PLC. NT HEALTHCARE Pharmaceuticals AFRIK PHARMACEUTICALS PLC. NT INDUSTRIAL GOODS Electronic and Electrical Products NT ADSWITCH PLC. NT NATURAL RESOURCES Metals W.A. ALUM. PRODUCTS PLC. NT OIL AND GAS Petroleum & Petroleum Products Distributors ANINO INTERNATIONAL PLC. NT CAPITAL OIL PLC 0.50 RAK UNITY PET. COMP. PLC. NT UNION VENTURES & PET. PLC NT SERVICES Apparel Retailers UDEOFSON GARMENT FACT. NIG PLC NT Food/Drug Retailers and Wholesalers NT JULI PLC. NT ETF’s Sector ETF NEWGOLD EXCHANGE TRADED FUND NT

QUANTITY

52 WK HIGH

52 WK LOW

SHARES OUTSTANDING

EPS

1,484,613 547,844 332,461 286,844 100 20,000

2.50 69.00 3.38 1.76 8.59 3.50

0.61 18.97 1.23 0.58 7.36 1.83

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

0.24 3.07 0.09 0.00 0.00 0.00

-4.76 1.50 -1.47 0.00 N/A N/A

2.10 66.01 2.04 1.20 NT NT

576,100

0.96

0.50

2,960,000,000

0.11

0.00

0.63

1,000

0.50

0.50

2,941,789,472

0.00

N/A

NT

NT

0.91

0.91

4,966,666,668

0.00

N/A

NT

2,000 5,000

18.70 2.94

13.12 2.07

108,000,000 492,825,600

0.00 0.03

N/A N/A

NT NT

NT 80

0.50 4.97

0.50 3.13

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

0.04 0.04

N/A N/A

NT 3.13

4,000

1.47

0.50

6,878,478,096

0.00

N/A

NT

NT 154,309 60

2.25 3.79 0.50

0.00 1.70 0.50

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

0.00 0.00 0.00

N/A N/A N/A

NT 2.65 0.5

2,500 125,152 76,891 167,904 362,836 20,194,089 65,000 2,000 476,000 413,085 32,100 855,000 NT

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

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

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

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

N/A 5.02 -3.33 0.00 0.00 -2.63 N/A N/A N/A 0.00 N/A N/A N/A

NT 21.90 8.40 47.00 9.80 190.00 NT 0.50 0.70 105.00 2.20 5.00 NT

NT 273,107 840 NT

2.00 2.39 0.73 2.58

2.00 1.20 0.50 2.58

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

0.05 0.19 0.00 0.00

N/A 7.56 N/A N/A

NT 1.72 NT NT

NT 1,000 6,537 150 NT NT NT

3.98 5.94 13.18 13.28 3.60 1.86 0.63

3.98 1.71 9.04 12.68 1.60 1.05 0.63

N/A N/A

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

0.00 0.00 3.23 0.90 0.24 0.22 0.00

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

NT NT 13.10 12.68 NT NT NT

NT NT

8.69 0.14

8.26 0.14

265,409,280 2,918,000

0.00 0.00

N/A N/A

NT NT

25,000,000 683,974,528

MOV. (%)

Previous

4,275

9.35

5.68

393,120,000

0.76

0.00

6.35

NT NT

7.75 12.39

7.75 10.55

75,600,000 100,000,000

0.00 0.24

N/A N/A

NT NT

170

0.50

0.50

4,058,989,226

0.01

N/A

NT

NT 43,412

3.22 1.38

3.22 0.67

50,000,000 220,000,000

0.04 0.00

N/A N/A

NT NT

103,400

1.02

0.50

6,262,701,716

0.00

0.00

0.50

3,679,425

24.80

9.32

2,262,711,568

1.24

-0.18

11.02

NT 29,000 36,897 683,190 666,240 41,440 126,855 16,676

20.71 0.70 51.48 4.87 104.90 146.00 59.00 190.01

20.71 0.50 16.96 1.32 7.73 106.00 16.20 118.75

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

0.00 0.00 2.69 0.61 1.43 9.93 1.04 12.91

N/A N/A 10.24 18.00 47.68 0.43 N/A 0.00

NT NT 46.70 2.50 71.03 115.00 37.99 160.11

4,035,497,307

0.00

N/A

NT

0

N/A

NT

100

0.72

0.50

NT

3.48

3.48

213,117

2.45

1.00

980,294,400

0.00

-3.70

1.35

224,300 125,250

5.10 3.45

2.19 0.73

589,496,310 198,819,763

0.52 0.00

1.11 N/A

4.50 1.38

10,000

1.64

0.85

865,808,912

0.00

N/A

1.38

2,000

0.75

0.50

3,211,627,907

0.00

N/A

NT

1,000 134,150 400 NT

8.00 1.72 4.53 1.95

3.00 0.64 4.08 0.50

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

0.23 0.00 0.00 0.22

N/A -1.33 N/A #VALUE!

NT 0.75 NT NT

10,000

0.51

0.50

8,000,000,000

0.43

N/A

NT

11,000 543,130 100 3,203

4.10 3.09 2.78 5.77

1.57 1.39 2.52 3.00

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

0.22 0.00 0.00 0.61

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

2.55 1.77 NT 3.85

370,752

1.29

0.50

1,507,000,000

0.21

N/A

0.85

NT NT

5.15 1.88

4.90 0.80

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

0.00 0.00

N/A N/A

NT NT

273,944 1,981,889

5.90 8.81

1.27 5.08

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

0.50 0.43

N/A 4.67

3.28 6.00

60

1.43

1.04

45,000,000

0.12

N/A

NT

5,000

1.02

1.02

201,885,335

0.00

N/A

1.43

NT

0.60

0.60

30,000,000

0.00

N/A

NT

NT

0.50

0.50

24,898,850

0.00

N/A

NT

NT NT

1.88

1.63

125,005,250

0.00

N/A

NT NT

NT

0.50

0.50

6,650,000

0.00

N/A

NT

NT 400 NT 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 NT NT NT

NT 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 NT

21

2,706

2,003

#VALUE!

2,025.00


40

Monday, November 18, 2013

National Mirror www.nationalmirroronline.net

63 ACCRA STREER, WUSE ZONE5, ABUJA,

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

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Monday, November 18, 2013

National Mirror www.nationalmirroronline.net

41

Law & Justice nationalmirrorlaw@yahoo.com

“Section 182(1) of the constitution is not to be used as an instrument by politicians to hinder the emergence of their opponents as governor.” -JUSTICE GEORGE OGUNTADE, RETIRED JUSTICE OF SUPREME COURT.

Lawyers, scholars clamour for review of sanctions on rape, defilement Let’s invest more in our judges, judiciary 42 –Sofola

How Will tore Doherty brothers apart

45

European Court fines Sweden over girl video case 46

The incidence of rape, especially the violation of young girls, has kept rising in Nigeria with many reported cases routinely making newspapers headlines. Rape has therefore become one of the uncontrollable social problems. KAYODE KETEFE, Assistant Head, Judiciary Desk, examines this vice.

O

ne of the most rampant human rights violations which constitute a statutory crime is rape. Hardly would anyone open pages of newspaper today without encountering news of rape of diverse varieties. These include domestic-based incest and violations of very young and prepubertal girls. The reported cases included the following. On Monday, October, 28 2013, a teenager was allegedly raped to death by a 34-year-old man simply identified as Sunday at a Eyio-Ekiti in Irepodun-Ifelodun Local Government Area of the state. The poor girl had gone missing for about three days before her corpse was discovered in cocoa plantation with bruises all over body, which suggested she was manhandled before being subdued. Again in March this year, five students of the Ekiti State University (EKSU) were expelled by the authorities of the school after they were found prima facie culpable for gang-raping a 13-year old girl on the campus. The students, who were all apprehended after tip-off on March 7, 2013. are: Babalola Adedotun Kolawole, a 300- level Psychology student; Omoteye Olalekan Olamide, a 300-level Psychology student; Bamigboye Biola Moshood, a pre-degree Social Science student; and Adekunle Lateef Omogbemileke, a 300-level Accounting student. They have all been charged to court. There were also many reported cases of incest one of which is the shocking case involving a 13-year-old girl (name withheld) who recently confessed that her biological father, Mr. Stephen Chimaraobi, and his friend, Paul Oha, had continuously defiled her for seven years in their Ojodu home in Lagos State. The father, a 42-year-old divorcee from Delta State, is now facing trial. The girl stated she was first defiled at the age of six and that her father and

Attorney General of the Federation, Mohammed Adoke

Hajia Maina

his amorous friend had since defiled her endlessly. She only summoned the courage to speak out at the age of 13. The poor girl while making confession, moaned “My father’s friend after abusing me and he would warn me not to tell my father, not knowing that my father was also abusing me” In a similar development, a 39-year old bricklayer, Olanrewaju Wasiu, was recently arrested at Awoyaya, Ajah area of Lagos State, for allegedly defiling his 14-year old daughter. Wasiu was also said to have been engaging in the act for years on the average of two times a week! He was arrested for incest by the officials of the Office of Youth and Social Development, belonging to the Lagos State Ministry of Youth, Sports and Social Development. But even the law enforcement agents who are charged with the responsibility of ensuring law and orders are not left

A 39-YEAR OLD BRICKLAYER, OLANREWAJU WASIU, WAS RECENTLY ARRESTED AT

AWOYAYA, AJAH AREA OF LAGOS STATE, FOR ALLEGEDLY DEFILING

14-YEAR OLD DAUGHTER.

HIS

out of scandal of rape. There have been many reported cases of ladies and even married women being raped inside the police stations! In one shameful case that happened last year, a 16-year old girl (name withheld) was abducted and raped by three policemen in Kano. The policemen, Insp. Dantalle Muhammed, Insp. Yusuf Ibrahim and Mahmuda Muhammad were convicted between them of abduction, conspiracy and rape by a judge of Kano State High Court, Justice Tani Yusuf, who sentenced them to terms of imprisonment ranging from seven to 20 years in addition to fines ranging from N100,000 to N200,000. The above examples were just a tip of the icebergs regarding what is going on in the society. There was consensus among many stakeholders that for every reported case of rape and allied sexual violations, there were so many that went unreported. This makes one wonder about the efficacy of law of rape in the country, both in terms of substantive adequacy and enforcement. The Head of the Office of the Public Defenders (OPD) of the Lagos State Ministry of Justice, Mrs. Omotola Rotimi, recently put the issue in graphic perspective in an exclusive interview with the National Mirror. She said that rape and violence against women had become so rampant in Nigeria that it has become an epidemic. Rotimi said incidence of rape required unprecedented concerted efforts to check it. She added that an average of 25 cases of rape and CONTINUED ON PAGE 44


42

Law & Justice

Monday, November 18, 2013

National Mirror www.nationalmirroronline.net

Letâ&#x20AC;&#x2122;s invest more in our Mr. Olusina Rafiu Sofola, a Senior Advocate of Nigeria (SAN) is the Managing Partner, Idowu Sofola & co, a law firm founded by his father, Chief Idowu Sofola, (SAN). In this interview with KENNY ODUNUKAN, the 46 year-old lawyer speaks on the appointment of judicial officers and administration of justice in the country among other issues. Excerpts. What is your position on a recent directive mandating lawyers to register with the Special Control Unit Against Money Laundering(SCUML) pursuant to the Money Laundering (Prohibition)Act 2011 and the Terrorism (Prevention)Act 2011 in a bid to obtain certain on information their clients from them? The legal profession is based on confidentiality between lawyers and its clients, a client must always be able to give his counsel information without fear that all the information between them will not leak out to the public. All over the world the information between the lawyer and his client is privilege .A Lawyer cannot be compelled to disclose certain information given to him by his client. That exactly applies to the issues of finances. As Lawyers we have our accounts, we also have what we called client account. If the client can ask us to perform a certain task with some money and for us to disclose to that will be a breach of that privilege information. If that is allowed to happen ,what will then happen one day is that a lawyer will be subpoenaed to court and will be asked to come and give evidence of whatever his client would have sent to him God forbid!.That will be unprofessional .I have that same problem now .I did some work for a particular bank and that bank asked me to open an account with them in order for me to get paid. I replied and told them no problem, I opened the account. The bank however insists that we must fill the SCUML form. The problem is that NBA has brought an action to challenge the directive on SCUML. We have therefore decided to await the decision of the court before we fill the amount and open the account. I agree with the actions of the NBA and patiently await the decision. In the meantime we cannot be paid our fees by the bank. But I believe that is the proper thing to do. What aspects of the 1999 Constitution will you like to be amended? There are certain parts of the constitution that I am not favorably disposed to and would like to see amended. I will like to recommend the removal of Immunity clause from our constitution. I know that it can be subject of abuse. I donâ&#x20AC;&#x2122;t think there should be an immunity for anybody who engages in criminal activities. If a person is alleged to have been involved in any criminal activities, that person should be able to be investigated and also goes through prosecution. Another aspect of the constitution I will recommend to be amended is the call for creation of state police. I have been to United States of America several times; all my children lived and study in the US. When you get there, you will discover that they have university police. Apart from different state police, they have police in the University. Security is something that you need everybody to be on desk. I also know that it could be subject of abuse but at the same time for people to feel more secured, I do not think we have more policemen, I do not think the Federal Government can provide enough police for the state and local government areas. I think policing needs to be decentralise especially when we say we are running a republic. I think every state should have its own police. So for the sake of

Sofola (SAN)

THERE ARE CERTAIN PARTS OF THE CONSTITUTION THAT

I

AM NOT FAVORABLY DISPOSED TO AND WOULD LIKE TO SEE AMENDED.

I WILL LIKE TO

RECOMMEND THE REMOVAL OF

IMMUNITY CLAUSE FROM OUR CONSTITUTION.

adequacy in our national policing, we should embrace state policing. Another aspect of the constitution that I will recommend for amendment is the present Land Use Act. The present land use is making it difficult for banks and clients particularly in the area of collateral security. I think there is need for review of the Land Use Act. Some lawyers are advocating for an increase in the number of SANs being appointed yearly, what is your take on that? Considering the issues that relate to the appointment of SANs,I personally believe that there is nothing wrong in appointing at least a hundred SANs yearly. In the United Kingdom where we are trying to imitate, They appoint and admit nothing less than 1, 000 to 1, 500 Queen Counsels every year. We admit about 5, 000 lawyers every year and appoint an average of 20 to 30 SANs yearly. There is a need to

increase the number of SANs appointed in every year so that more people can aspire to that rank. I always say that the sky is wide that it can contain everybody and at the end of the day clients will determine who they want to be their lawyers, SAN or no SAN because there are very good lawyers despite the fact that they are not SANs. Personally, I believe they should enlarge the appointments. There are lawyers particularly SANs who now specialise in defending alleged fraudsters and who uses various applications to unnecessarily delay and prolong trials,. What is your position on this? I will never generalise, that is one thing I will never do. If you give me a particular case, I will study it and give you my opinion on it. I will never generalise. Every counsel has the responsibility to take care of the interest of his clients, to the judiciary and to the society at large. Interlocutory appeal, interlocutory application albeit sometime might seem to delay matters but they are all there for a purpose. If a counsel believes very much in something, the fact that a judge disagrees does not mean that decision is right, that is why you will have certain time where an interlocutory application will be refused in the high court, refused in the Court of Appeal and upheld at the Supreme Court. .We have situation such like that. What I am saying is that sometimes the application might be filed to delay matters, sometimes it might be that the counsel believes in that application which makes it genuine. So I will not generalise at all. Should retired justices be appointed to sit on election tribunals? At 65 years, there are retired justices that are mentally, physically strong enough to take up the respon-


National Mirror www.nationalmirroronline.net

Monday, November 18, 2013

Law & Justice

43

judges, judiciary –Sofola should be appointed at the Supreme Court,10 should be appointed based on zoning while the other 10 should be based on merit alone. You can then combine them together and then what you will find out is that the clever ones who come in through merit will invariably rob their influence on other one and then you will have almost perfect situation and in that way everybody can be reasonably happy. Can you compare the practice of law when you began and the practice now? When I started practice, to a large extent we all saw the high court as the final court. We have a lot respect for the high court.nowadays you will out that in almost every matter that is been done even before judgement is delivered at the high court, in some cases the notice of appeal will have being filed. It is almost become automatic that once a decision is made in the high court that the other side will appeal in the Court of Appeal. In those days, you will discover that most matters were concluded in the high court. What I also noticed in those days was that the court system was not as congested as we have these days. In those days cases are not as many as we have today. What informed your choice of legal profession? I attended Maryland Preparatory Primary School, and from there I proceeded to Eko Boys High School, which coincidentally was the alma mater of my father, Chief Idowu Sofola (SAN). I spent just three years there before I proceeded to Maryland Comprehensive Secondary School where I finally completed my secondary education. I later travelled to the United Kingdom (UK) and attended Taunton School, UK, for my A’ Levels and University of Buckingham, Buckingham, UK for my law degree and came back to Nigeria in 1987. I proceeded to the Nigerian Law School and was called to Bar in 1988. I have since been practising law and has been involved in active litigation. sibilities. So my take is that it is okay to appoint retired justices provided they are physically and mentally okay to do the job. The truth of the matter is that it would even be better because when you have a sitting judge combining two tasks together, what will then happen ; the cases he or she has on her desk will suffer while sitting on electoral matters; but then if we are going to appoint retired justices,we are going to look at them from person to person .from there you will see some that are capable to do the job while you will see others that will not be able to that. There should be a measure of investigation and examination to ensure that the judge is mentally and physically sound and he is also capable of doing the job. Should the appointment of judicial officers be zoned? The way forward is to give a percentage to zoning and a percentage to merit. For example if you go to apply to federal secondary schools in those days, they will give a percentage to zoning while another percentage to merit. I think that might be a good situation where you say 50 per cent on the basis of zoning while 50 per cent on the basis of merit. I believe we have to create a balance between both ends. We have got to a stage in Nigeria where there is some much mistrust, different region of the society believe they must have a stake in most crucial positions and justices is one of the position. It will be difficult to base it purely on merit .In the Ideal world; it should be base on merit. I am just trying to be realistic in the context of Nigeria society. The way I look at it is that we should balance it .If we saying that 20 justices

It is said you are in the legal profession because your

IT IS ABSURD THAT JUDGES STILL WRITE PROCEEDINGS OF THE COURT WORDS FOR

WORDS. IN CERTAIN COURTS, THERE IS NO LIGHT AND AIR CONDITIONERS AND JUDGES

DON’T HAVE LEGAL ASSISTANTS THAT COULD ASSIST THEM TO RESEARCH AMONG OTHERS.

father, Chief Idowu Sofola, is also a lawyer? I went into the law profession not just because my father, who I always look up to and like to emulate, influenced me, but because I have always wanted to be a lawyer since my younger days. In those days, I was always fascinated and like the idea of wearing the collar and the bib. It may also be of interest to you that I come from a family of lawyers. My late uncle, Kehinde Sofola rose to become a Federal Attorney General and was a SAN; his first son, Kayode Sofola is also a SAN. Another cousin of mine, Kunle Sofola is also a legal practitioner. There are other Sofolas, too numerous to mention, who are in the legal profession. How did you achieve the award of SAN? In actual fact, what I found most challenging was the award of SAN. Why I said it was the most challenging aspect of my career was this. A few years ago, I went for a matter at the Supreme Court, Abuja. When my plane landed at the airport, I saw Mrs. Kehinde Akinlawon (SAN), the opposing counsel in the case I went to handle in the court in Abuja. I offered her lift to the court in a vehicle I already made arrangement to wait for me at the airport. The matter we went for finished early and as I was set to return to Lagos, she requested that I offer her a ride to the airport and pleaded with me to give her a little time to round up her task in the court. So, I decided to wait in the chamber of a friendly justice of the Supreme Court while Mrs. Akinlawon set about finishing her task. When I was about to leave his office, the judge asked me if I had come to see him for something else and I said “no”. He then asked me if I had applied for the award of SAN and I said that I have not. What happened was that the judge thought I had come to ask for assistance for the award of SAN. He asked me if I had enough cases to merit the award and I replied that I had done enough cases and met the criteria for the award of SAN. That incidence was the beginning of how I became a SAN. The biggest challenge actually came for me when I forwarded my application several times and I was not elevated. The matter had got to a stage that I was about to give up. But some people kept persuading me not to. So, I applied again and I finally got the award of SAN in 2010. That year was a very protracted one. A day to the interview for the award, one of the justices who came to interview prospective awardees, the Chief Judge of Edo State, Justice Edokpayi died in his hotel room. There were one or two other incidents but we eventually had the interview. But instead of being sworn in 2009, we were not sworn in until April 2010. What are the reforms you would like to see in the judicial system of the country? I believe that this should start with improving the conditions under which judges work in Nigeria. It is absurd that judges still write proceedings of the court words for words. In certain courts, there is no light and air conditioners and judges don’t have legal assistants that could assist them to research among others. I think we really need to invest more in our judges and make them a little more comfortable for them to do their job properly. That is one of the particular areas that I think needs reform. I know that things are getting better in Lagos in particular. I know that judges are being treated better, they are much more comfortable. But I think that there is still room for improvement. When you look at the budget, be it federal or state, the allocation for the judiciary is always the smallest. Everyone gets more than the justices and the judiciary is meant to be one of the three arms of the government. I think there is need to do more in that area, appoint more judges where necessary, so that justice can be dispensed a lot faster and judiciously. If anything, I hope for an accelerated improvement and that the Chief Justice of Nigeria would continue in this line of reforms and take the judiciary to the enviable height that we all want it to be.


44

Law & Justice

Monday, November 18, 2013

National Mirror www.nationalmirroronline.net

‘Average of 25 rape cases reported to OPD daily’ CONTINUED FROM PAGE 41 sexual offences were reported to her office everyday! That was in Lagos alone, not to talk of the incidence of the menace throughout the country. In corroboration of this, the Minister of Women Affairs and Social Development, Hajiya Zainab Maina, recently condemned rising incidence of rape and domestic violence in the country, stressing that the government would leave no stone unturned.” A number of reasons have attributed to seemingly intractable nature of these problems. It is widely believed that our substantive law on rape is in need of urgent reforms. Both the provisions of the Criminal Code and Penal Code contain what many refer to as anachronistic provisions on rape. In Nigeria only a male person above twelve years can commit rape, besides, stakeholders have called for redefinition of rape to abolish the archaic requirement of “penetration” as the prove of rape. The Criminal Code for instance provides in its Section 357 that: “Any person who has unlawful carnal knowledge of a woman or girl, without her consent or with her consent, if the consent is obtained by force or by means of threats or intimidation of any kind, or by fear of harm, or by means of false and fraudulent representation as to the nature of the act, or in the case of a married woman, by personating her husband is guilty of an offence which is called rape.” The Penal Code which operates in the Northern region states, “A man is said to commit rape who … has sexual intercourse with a woman in any of the following circumstances:- (a) against her will; (b) without her consent; (c) with her consent, when her consent has been obtained by putting her in fear of death or of hurt; (d) with her consent, when the man knows that he is not her husband and that her consent is given because she believes that he is the man

Tambuwal

Mrs. Rotimi

THE LAW ON RAPE IN NIGERIA IS ARCHAIC AND NEED TO BE AMENDED TO APPLY TO CURRENT DAY SITUATIONS to whom she is or believes herself to be lawfully married; (e) with or without her consent when she is under fourteen years of age or of unsound mind.” Although the punishment for rape under the Criminal Code is “imprisonment for life with or without caning” and that of Penal Code is for “imprisonment for life or for any less term” coupled with liability for a fine, the archaic nature of the law and culture of permissiveness by the society usually frustrate conviction for rape. To correct the inadequacies and lacunae on rape the House of Representatives in March this year passed the “Violence Against Persons Prohibition Bill” with a view to eliminate countless number of gender-based violence rampant in the country. The bill is yet to become a law. National Mirror sought the views of

Oguntade, others flay poor welfare of magistrates KENNY ODUNUKAN

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retired Justice of the Supreme Court, Justice Adesola Oguntade has raised alarm over poor welfare package and slow capacity development of most magistrates in the country. The retired jurist spoke just as a senior Advocate of Nigeria, Mr. Dele Adesina and former second Vice -President, Nigeria Bar Association (NBA) , Mr. Adekunle Ojo endorsed his position. The lawyers who spoke exclusively with National Mirror also criticised the insensitivity of the Federal Government (FG) to the development of magistracy in the country. Justice Oguntade specifically condemned the FG for its inability to train

and upgrade the standard of the magistrates as regard career development and judicial innovation. According to him, ‘’There are so many magistrates in the country, at any given time, just few of them are promoted to the High Court, the result is that many of them stay a whole life-time of their career on the magistracy and that leads to frustration and lack of productivity’’. The retired jurist further contended that most magistrates should be able to rise to eminence even without been appointed as a judge. He, however stressed the need to create a cadre for the magistracy whereby the magistrates would be in a position to rise to a level which would be equivalent of the High Court Judge. CONTINUED ON PAGE 45

a number top lawyers and stakeholders on this development. In his own opinion, a renowned legal scholar at the Obafemi Awolowo University, Ile-Ife, Dr. Olugbemi Fatula, faulted the extant law on rape while recommending that the country adopt modern law. “The law on rape in Nigeria is archaic and need to be amended to apply to current day situations as was done in England, where the government reviewed the law in this area with a view to making it appropriate for this century. The applicable law to the offence of rape in England is the Sexual Offences Act 2003. It is gender neutral and nondiscriminatory so that both men and women are equally protected.” In her response, the Executive Director of Women Aid Collective, Dr. Joy Ngozi Ezeilo, said, “The culture of

Ezeilo

impunity against women has been too much entrenched in our culture that the even the law enforcement agencies have developed tolerance for it. “Each day, our media is replete with cases of rape and sexual violence and life threatening violence against women.. Therefore the prohibition of sexual violence against women bill needs to be passed quickly and strictly enforced.” Also, speaking in similar vein, the Executive Director of Women’s Rights Protection Initiative, (WORPI), Ms. Yejide Akeem, said “In many developed countries of the world, the systems allow the victims of rape to come forward. Their hospitals are equipped with forensic apparatus to deal specially with rape cases so as to get evidence that will be used in court, but it is not so here. “Apart from the need to reform our law on rape, the problem of ill-enforcement of the law also needs to be addressed. Our law enforcers like the police need to be more serious about enforcing the law on rape which they are now treating it with levity”

LEGAL TIPS Obligations of Tenant under the Lagos Tenancy Law 2011 The Tenancy Law 2011 of Lagos State has aroused considerable public interest since its enactment in August 2011. The Tenancy Law provides for rights and obligations of tenants. Although the law exempts certain areas of Lagos State from the application of the law, the obligations included hereunder are generally acceptable as usual practice in tenancy and leasing arrangements. Obligations of the Tenant • Subject to any provision to the contrary in the agreement between the parties, the tenant shall be obliged to do the following: (1) Pay the rents at the times and in the manner stated. (2) Pay all existing and future rates and charges not applicable to the landlord by law. (3) Keep the premises in good and tenantable repair, reasonable wear and tear excepted. (4) Permit the landlord and his agents

during the tenancy at all reasonable hours in the day time by written notice, to view the condition of the premises and to effect repairs in necessary parts of the building. (5) Not to make any alterations or additions to the premises without the written consent of the landlord. (6) Not to assign or sublet any part of the premises without the written consent of the landlord. (7) Notify the landlord where structural or substantial damage has occurred to any part of the premises as soon as practicable and Lastly, obligations not to commit waste. Activities that constitute waste include, installation of heavy machinery on the premises which may cause dangerous vibrations, overloading the floors or roof. Written by Francis Famoroti, Head, Judiciary. We welcome feedback and reactions from readers via our e-mail: nationalmirrorlaw@yahoo.com


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Law & Justice

Monday, November 18, 2013

45

How Will tore Doherty brothers apart Joseph Henryson Doherty, was a Lagos businessman and a man of affluence, who died in March 1928 leaving a Will. Despite the vast estate and other inheritance bequeathed to his children, a dispute ensued among them in 1954 and this brought about a series of litigation decided initially by the lower courts and subsequently by the Supreme Court in 1967. FRANCIS FAMOROTI, Head, Judiciary writes.

THERE WAS ABUNDANT EVIDENCE BEFORE THE COURT THAT THE FIRST DEFENDANT AND THE PLAINTIFF HAVE BEEN AT LOGGER-HEADS

AND WERE UNABLE TO

FAMOUS CASES

GET ON TOGETHER.

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hen wealthy businessman, Joseph Doherty, died in March 1928, he left a Will for his children and other dependants. The deceased was survived by many children, of which 36 were alive during the hearing of the appeal in 1967. Late Doherty created a trust in favour of his children; the trust property comprised 42 items of real estate yielding, annual income of £50,000 in the 1960s. Among the beneficiaries of the Will were, Theophilus Adebayo Doherty, Henry Ade Doherty and Richard Ade Doherty. Theophilus Doherty, perhaps the eldest male in the family was born on February 24, 1895. was also a Nigerian businessman and politician who represented Lagos on the platform of the Nigerian National Democratic Party in the Legislative Council of Nigeria during the nation’s colonial era. In 1933, along with Olatunde Johnson and a few other businessmen, he founded the National Bank of Nigeria. It was not surprising that he was appointed a trustee of the trusts of the Will of the late J.H Doherty. Theophilus performed the role of the trustee until one of his younger brothers, Richard Doherty objected to his style of administration. Hence, Richard brought an application which sought to remove Theophilus as trustee of the trusts of the will. In the application brought by means of originating summons at a Lagos High Court in 1963, the applicant had sought orders to remove the first defendant (Theophilus) as trustee of the trusts of the will of J. H. Doherty on ground of alleged breach of trust. He also prayed that he (Richard) should be appointed judicial trustee for the purpose of administering the trust. On November 8, 1964, Justice Onyeama granted the order to remove Theophilus but refused to appoint Richard as a judicial trustee. Dissatisfied with this verdict, Theophilus and one Henry Ade Doherty appealed against the order of removal. On December 13, 1964, following the application of some beneficiaries, two other trustees were appointed and upon motion for stay of execution, the order for removal was qualified thus: “The operation of the order of removal of the appellant is suspended pending the determination of appeal filed on the condition that he will act during that time only in conjunction with the other trustees.” Richard was dissatisfied with this qualification and filed a cross-appeal on that issue. The court however observed that as it had heard the main appeal at once, it was unnecessary to continue with the cross-appeal. Aggrieved by the court decision, Theophi-

Justice Ademola, first indigenous CJF

lus and Henry also in 1965 appealed against the order of Onyeama, J., as he then was; removing the first defendant from the office of trustee of the will of J. H. Doherty . Interestingly, Justice Benneth had had cause to make pronouncements on the case among the parties sometimes in 1954. Be that as it may, the Supreme Court of Nigeria heard the appeal between the brothers. In its judgement on November 1, 1967, the Supreme Court observed that ‘’There can be no doubt about the complexity of the will which was referred to by Bennett, J. in 1954, as a “complicated document”, and there was no dispute among the children until the action of 1954 brought by the present plaintiff. All the children have been educated, and there appears to be no dispute about their education, as well as the education of other relatives provided for in the will. The Supreme Court panel included the then Chief Justice of the Federation, Justice Adetokunbo Ademola, Justices Vahe Bairamian, and George Baptist Ayodola Coker. Justice Ademola in the judgement said , ‘’I find no misconduct proved against the first defendant, but I find that he has failed to account for the trust property and that he was hopelessly at odds with the plaintiff, one of the beneficiaries of the trust. In the interest of the trust I declare that he be removed from the office of trustee of the will of J.H. Doherty ...” The Supreme Court held further that there was abundant evidence before the court that the first defendant and the plaintiff have been at logger-heads and were un-

able to get on together, but it was clear from the evidence available that the plaintiff seemed to be the only one of the many beneficiaries standing in such a position with the first defendant. ‘’Whatever may be the reason for this it is not by itself alone enough to remove the first defendant as trustee. In regard to the matter of the failure to account on which the learned judge based his judgement, it was not alleged that he did not file any account: as already stated, counsel for the respondent agreed that an account was filed; so the learned judge proceeded on a mistake of fact in arriving at his decision.’’ The apex court observed that the respondent’s complaint, as already stated, was that the first defendant and his co-trustee had not accounted satisfactorily under the judgement and orders made by Bennett, J., on 29th March, 1956 in Suit No. 20/1954. Reviewing the case, the apex court declared that ‘’Counsel for the plaintiff in the present case before Onyeama, J., submitted that no accounts had been filed by the defendants since the 1954 case and all that the defendants were relying upon was a plea of res judicata. On the other hand counsel for the defendants referred the judge to paragraph 15 of the first defendant’s counter-affidavit and exhibit A attached to it stating that accounts had been given to the plaintiff after the judgement of Bennett, J. We think the learned Judge (Onyeama, J.) erred in thinking that the defendants had not given an account. We are of the view that the blame must rest on

the plaintiff. Having failed to appeal from the order of 28th May, 1960, by Bennett, J, he now seeks by the present originating summons to reopen matters which had been laid to rest by that order so far as compliance with the judgement of 29th March, 1956 was concerned since it is clear that it is that judgement which is relied upon in the plaintiff’s affidavit. ‘’The present originating summons is certainly not the appropriate remedy and it must be dismissed. The apex court observed that ‘’ In this case the proceedings were hostile indeed; Moreover, the affidavits and counter-affidavits were cumbersome and by no means lucid or precise. Furthermore, the parties decided not to adduce oral evidence. What either party could have done, if he wished to question any statement of fact made by his opponent, was to give notice to him to attend for crossexamination. If that had been done, it would doubtless have been brought to the notice of the learned trial judge that accounts had been delivered; they would have been produced and canvassed, and things would have become clearer to him. The way the proceedings were conducted did not help the learned judge.’’ The respondent to this appeal was to blame, and that in two respects; he chose an unsuitable procedure for a hostile attack, and under the guise of it he sought to reopen the accounts which had been considered by Bennett J.; he was wrong in both respects, and ought to pay the costs of this appeal and in the court below, for it cannot be said with any show of reason that he was acting in the interests of the estate.’’ The apex court also assessed the costs at 100 guineas and 40 guineas in the court below. CONTINUED FROM PAGE 44 He said the system could frustrate bright magistrates who have potential of contributing positively to the growth of the judiciary. Adesina also aligned with the position of Oguntade adding that magistrate welfare package must be enhance and capacity development must be done from time to time. In his words, “The largest room in the world is the place of improvement, constant training must be provided to the magistrates from to time in order to give room for self development “. He also called for an enhance welfare package which include better housing, good official cars and reasonable remuneration. He said “If you want the best from a man,try to also give him the best, try to make his condition more better. In that way you make him better, drive him to work and give him capacity to perform better”.


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Law & Justice

Monday, November 18, 2013

European Court fines Sweden over girl video

Foreign

FRANCE

India Supreme Court investigates ex-judge for sexual harassment

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INDIA

he charges, levelled by the young woman lawyer against the unnamed judge, pertain to a time when India was witnessing huge protests over the fatal gang rape of a student in Delhi Continue reading the main story According to BBC report, India’s top court has set up a panel to investigate a law graduate’s allegation that she was sexually harassed by a recently retired Supreme Court judge. “The committee will find out the facts and prepare the report,” Chief Justice P Sathasivam said, when announcing the panel of three judges. The graduate, Stella James, posted a blog last week describing how the judge assaulted her in a Delhi hotel room. She said it happened last December when she was an intern with the judge. “We cannot take it lightly. As the head of the institution, I am also concerned about the allegation and

National Mirror www.nationalmirroronline.net

anxious whether the statement is true or not,” Chief Justice Sathasivam said in his order on Tuesday. The three-member committee is headed by senior Justice RM Lodha and includes Justices Ranjana P Desai and HL Dattu. A BBC correspondent says the serious charges, levelled by the young lawyer against the unnamed judge, have shocked India, particularly as the incident reportedly took place at a time when the country was witnessing huge protests over the fatal gang rape of a student in Delhi. That case forced the Indian government to strengthen its sexual violence laws. “Last December was momentous for the feminist movement in the country - almost an entire population seemed to rise up spontaneously against the violence on women, and the injustices of a seemingly apathetic government,” Ms James wrote in her blog on 6 November for Journal of Indian Law and Society.

Young women lawyers protesting against the unnamed judge

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he European Court of Human Rights has told Sweden to pay compensation to a woman whose right to privacy was violated when her stepfather tried to film her naked in the bathroom. News report from ECHR says the Eliza Soederman was 14 when she found the hidden video camera in the bathroom at home in 2002. The court said Swedish law had failed to protect her privacy because at that time covert filming was not an offence. The stepfather was con-

victed of sexual molestation over the filming but was acquitted on appeal. The court in Strasbourg said Sweden must pay Ms Soederman 39,700 euros (£33,500; $53,370) in damages, which includes compensation for legal costs. A court statement said her mother had reported the filming to police about two years later and had burned the film without anyone having seen it. A law covering such violations of privacy took effect in Sweden in July this year. The European Court judges took the view that the man could not have been convicted of attempt-

ed child pornography because the Swedish penal code did not define the term “pornographic picture”. He was acquitted over

President, ECHR, Dean Spielmann

Canadian actress jailed for contempt of court CANADA

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Canadian actress accused of stalking actor Alec Baldwin has been sentenced to 30 days in prison for heckling him multiple times during proceedings. BBC report revealed that Genevieve Sabourin, 41, was found in contempt of court a day after she repeatedly interrupted as Baldwin tearfully gave evidence against her. Baldwin denies having a relationship with Ms Sabourin, whom he met in 2000. She is accused of leaving up to 30 voicemails a night and turning up at his homes and a public appearance. Ms Sabourin, who was arrested in April 2012, is charged with 24 counts of harassment and stalking and could face up to a year in prison if convicted. The contempt of court

sentencing means she could spend the remainder of the trial in jail. Ms Sabourin, who also sent Baldwin, 55, a string of emails, has insisted that she and the actor had a romance that fell apart. Genevieve Sabourin has insisted she had a relationship with Baldwin The 30 Rock star, who says he only met her at the request of a mutual friend to offer career advice, told the court during just under two hours of testimony on Tuesday how both he and his wife felt “extremely threatened”. The judge had warned the actress, from Montreal, that he might remove her from court after she interrupted proceedings with repeated outbursts. “He’s lying,” she shouted at one point. Later, when Baldwin denied having been romantically involved with her, she exclaimed: “You have a scar!” Eventually, Judge Rob-

ert Mandelbaum scolded: “Don’t testify from your seat at the defence table while the witness is on the stand.” As she was found in contempt, Ms Sabourin said the strain of the trial had made her “a person who is totally exhausted, humiliated, beat up, destroyed, alone”. Baldwin said he met Ms Sabourin at lunch with a mutual friend in 2000 when he was filming in Montreal, where she was working as a publicist on his film. He told the court that, 10 years later, he was asked by a friend to give Ms Sabourin advice, as she had begun acting in some Canadian films and TV series. The pair met at a restaurant in the city in 2010 for what Baldwin has called an hour-long chat about her acting prospects. However, she has claimed it was a romantic dinner that ended with a

I was shaking -Abisola Aarinola

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alleged sexual molestation because Swedish law at the time did not extend that crime to cases of covert filming.

y first solo appearance was before a Federal High Court judge in Benin. It was in 2004 when I served as a National Youth Service Corps (NYSC) member with the Nigeria social Insurance Trust Fund (NSITF). I was an in-house lawyer for NSITF and we prosecuted defaulting employers. My principal instructed me to appear in court to report

settlements talk between parties. When I got the case file, I studied it thoroughly, consulted and engaged brilliant legal mind in the office. Before I went to court, I thoroughly practised and planned ahead.I personally psyche myself up and also believed in my ability to perform excellently well. It was indeed a great challenge for me but I saw it as an opportunity to prove myself.

When I got to court, I was really shaking. In fact, there were goose pimples all over me but somehow I summoned an innate courage and announced my appearance. Thereafter, i presented my matter before the court excellently well. In fact, the judge and other senior colleagues were highly impressed by my confident disposition and excellent presentation.

Aarinola.

Baldwin

sexual tryst, something Baldwin has denied. Baldwin said he only communicated with her after that to give suggestions about acting classes, but that she had quickly shifted to professing her love and pleading for his. The actor’s eyes reddened in the courtroom on Tuesday as he recalled the time Ms Sabourin appeared outside his home in East Hampton, New York, shortly after he and then girlfriend Hilaria got engaged in March 2012.


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Monday, November 18, 2013

Testate and intestate succession THE ADVOCATE OLUGBEMI FATULA

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

A

s a rule, every Nigerian of sound disposing mind and of testamentary age has the capacity to make a will in English form. A will in English form, complying with the rule of formal and essential validity will pass real or personal properties of the deceased in accordance with the intention of the testator. A will by its nature, is ambulatory and is revocable by another will or codicil or by destruction, by marriage and revocation may be conditional. The governing law in Nigeria is the Wills Act (WA) 1837. Section 9 of the Act established the rule for the formal validity of Wills by stating that: “No will shall be valid unless it shall be in writing and . . . signed at the foot or end thereof by the testator, or by some other person in his presence and by his direction, and as such signature shall be made or acknowledged by the testator in the presence of two or more witnesses present at the same time, and such witnesses shall attest and shall subscribe the will in the presence of the testator, but no form of attestation shall be necessary”. The main essence of a will is that a testator may by it elect to alter, exclude, retain or modify any rule or rules of inheritance whether customary, Islamic or marriage under English law. This is however provided that such will comply with all the requirements of formal validity. Thus in Shogbesan v Adebiyi1914, 16 NLR 26., a testator by a will enlarged the customary concept of family to include the testator’s brothers and another. Also on the basis of this principle, the Islamic rule of the Maliki school that a person bound by Islamic law could only distribute one third of his estate as he likes, while the rest is to be subject to distribution in accordance with Islamic law was held in Adesobokun v Yinusa 1971, 1

ANLR at p. 225 to be incompatible directly or by implication with the provisions of the WA 1837 , which is an English statute incorporated by reference into Section 33 of the High Court Law of Northern Nigeria. In that case, the plaintiff had challenged the will of his late father which disentitled him as a child on the ground that the testator, being a Moslem could not disinherit him as a child as he was entitled to share in his father’s estate under Islamic law. This testamentary liberty is however not without exceptions. A testator cannot by his will devise his undivided share in a family property and any clause purporting to do that in any will is void. The power of testacy is restricted to property individually acquired by the testator and which he had power to dispose in his lifetime and which, if he had died intestate, would have devolved on his heirs at law. This was the principle applied in cases like Taylor v Williams 1935 12 NLR at p. 67. and Ogunmefun v Ogunmefun 1931 10 NLR 82.. This restriction on the power of the testator to dispose of his property by will is recognised by the Wills Law of the various states in Nigeria which makes any such disposition subject to any customary law relating thereto. Where the deceased dies intestate; leaving no will, then the questions regarding his marriage, religion or custom becomes relevant in determining how his estate should be distributed.

The issue of inheritance has always been a hard nut to crack in Nigeria. It is a festering wound that has exposed the women folk in our society to varying degrees of exploitation and oppression. Most perpetrators of this ignominious act are the desperate, greedy relatives of the husband who take pride in frustrating the widows’ rightful ownership of the husband’s property. Under the Nigerian legal system a woman is subjected to any of the three different forms of law when it comes to the issue of inheritance. A woman married under the Act is governed by the Matrimonial Causes Act of 1970. Section 69 of the Matrimonial Causes Act, defines “marriage” for the purposes of the application of the Act to exclude marriage entered into according to Muslim rites or other customary law.. A woman married under customary law is subject to the customary law applicable in the locality from which her husband originates when it comes to issue relating to her husband’s estate. In respect of issues relating to their parent’s property, it is the customary law to which their parents were subjected to. Finally, women married under Islamic law are subject to Islamic law of succession. All the three systems mentioned above have varying standards and yardstick for treating different issues and situations. That is to say while some women rights to inheritance are guaranteed under the law, the law itself in some cases bare women from inheriting depending on what law a woman’s marriage is subject to. Women married under Yoruba and Igbo customary law systems cannot inherit their husband’s property and one can hardly find Igbo women inheriting their father’s estate.

Law & Justice

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EVENTS

L-R; Former Attorney-general of Lagos State, Mr. Supo Sasore (SAN), Lagos State governor, Babatunde Fashola (SAN) and President, Nigerian Bar Association (NBA), Mr. Okey Wali, (SAN) at the International Bar Association Conference on Mergers, Acquisitions and Inward investment in Africa, in Lagos recently

Cross-section of foreign lawyers at the forum

Dr. Fabian Ajogwu, SAN and President of the Lagos Court of Arbitration (LCA) Mr. Babajide Ogundipe at the West Africa regional ADR conference in Lagos.

THE ISSUE OF INHERITANCE HAS ALWAYS BEEN A HARD NUT TO CRACK IN

NIGERIA. IT IS A

FESTERING WOUND THAT HAS EXPOSED THE WOMEN FOLK IN OUR SOCIETY TO VARYING DEGREES OF EXPLOITATION AND OPPRESSION.

Lagos State Attorney General and Commissioner for Justice, Mr. Ade Ipaye and ADR Conference chair, Mrs. Bimpe Nkontchou.


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Monday, November 18, 2013

National Mirror www.nationalmirroronline.net

Community Mirror Abuja remains the only city that is planned in Nigeria and will not be allowed to degenerate. FEDERAL CAPITAL TERRITORY MINISTER, BALA MOHAMMED

Five killed in police, robbers shootout FRANCIS SUBERU

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t least five people were killed yesterday when dare devil armed robbers engaged police officers at Ayobo-Ipaja area of Lagos State in an attack on a branch of Access Bank in the area. Two police officers lost their lives in the shootout while three of the suspected robbers were killed. Some policemen were equally injured

while many members of the armed robbery gang escaped with bullet wounds. However, operatives of the Special Anti Robbery Squad, SARS who were immediately drafted to the scene of the robbery succeeded in arresting four members of the gang. It was gathered that the robbers engaged officers from Ayobo Police Division and SARS operatives in serious gun battle for over 30 minutes, creating fear in the area.

Lagos donates cold room to fish farmers MURITALA AYINLA

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s part of efforts at reducing post harvest lose, the Lagos State Government through the Ministry of Rural Development has donated a cold room to fish farmers and fish sellers at Oluwo Market, in Epe area of Lagos. While commissioning the cold room, Commissioner for Rural Development, Cornelius Ojelabi said his ministry decided to provide the facility after it discovered that the people lacked preservative and storage facilities. The commissioner, who charged the people to maintain the facility, pointed out that the cold room is

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At the end of the ferocious gun battles, four members of the gang were arrested but the gang leader and some of the robbers escaped with bullet wounds. A resident at Ayobo who spoke with Community Mirror said her experience was scary, saying “considering the magnitude and heavy shooting that characterised the robbery, the entire place was like war zone. The shootings were so sophisticated and scary.”

Confirming the incident; Police Public Relations Officer for Lagos State Police Command, Ngozi Braide said it was a foiled robbery attempt on a branch of Access Bank. According to her; “at about 0200 hours, Ayobo Division received a distress call that armed robbers were trying to break Access Bank ATM in the area and patrol team led by ASP Longnus Amuzie, responded swiftly. “The robbers on

sighting the patrol vehicle opened fire, while the police responded and engaged them squarely in a fierce gun duel. Sadly two of our officers lost their lives, while the attempted robbery was forestalled.” “During this encounter, men of SARS were drafted to the scene and four of the robbers were apprehended as they were fleeing from the area. They are currently undergoing interrogation and assisting the police in investigation.”

imbued with smoking kiln, washing and cutting slabs, electricity generator, borehole with overhead tank and toilet facility. To ensure proper maintenance of the facility, Ojelabi inaugurated a management committee comprising of representatives of the market, officials of the Community Development Association, CDA, Head of Agriculture Department in Epe Local Government and two representatives of the ministry. The committee is also charged with the responsibility of fixing price for the usage of the facility, even as it will oversee the utilisation of the cold room’s proceeds for maintenance purpose.

Family repossesses land, 30 years after

he family of Adefiola Fatusi of Suberu Oje Village (AIT/ Raypower Area), Alagbado, Lagos State has finally taken possession of its land, 30 years after judgement was given in its favour. Last Friday, bailiffs and sheriffs of the Lagos High Court executed an affirmation ruling delivered by Justice A.O. KayodeOgunmekan of the Lagos High on February 22, 2013. The possession order over the 30 acres of land in a subsisting suit between Sunmonu Akintola Family and three others was as a result of a Lagos High Court judgment of June 2001 delivered by Justice

The robbers had reportedly forced their way into the bank and were vandalising the Automated Teller Machines in the bank, when policemen from Ayobo Police Division raced to the scene. The armed robbers were said to have initially overpowered the police team, after a fierce gun duel and were about escaping from the scene of the robbery when another round of gun duel ensued between them and SARS operatives.

A. A. Adesanya in Suit No ID/3037/97 and ID/665/82. Relying on the two judgments for his ruling, Justice A.O. Kayode-Ogunmekan noted that in the above suits between Madam Adefiola Fatusi and Saibu Okeabiyi, the claimant/applicant had proved the title to the land in dispute in the aforesaid two cases in which judgments were delivered in their favour on the November 28, 1995 and June 7, 2001. Justice Kayode-Ogunmekan noted that in the knowledge of the court, the applicants were entitled to the possession of the land declared in the two judgments if and when there is a final application.

L-R: Senator Gbenga Ashafa, Chairman, Ikorodu Oga Development Association(IKODASS), Otunba Afolabi Gbadamosi, Lagos State Special Adviser on Education, Otunba Fatai Olukoga and the Ayangburen of Ikorodu, HRM Oba Salaudeen Oyefusi, during the 22nd Ikorodu Oga Day, 2013, on Saturday. PHOTO: Muritala Ayinla

Town gets new king six years after FEMI OYEWESO ABEOKUTA

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he Ado-Sagamu town, an ancient Remo community in Sagamu Local Government area of Ogun State was last week agog as the state government finally presented staff of office to the new traditional ruler of the town after six years without a monarch. The coronation and presentation of instrument and staff of office to the new Alado-Sagamu, Oba

Amisu Tijani Osokowu followed the death of the former monarch of the town, Oba Adeniyi Oduyomi who joined his ancestors on August 2, 2007. Speaking at the ceremony, the state governor, Ibikunle Amosun said the coronation and presentation of staff of office to the new monarch symbolises the opening of another chapter in the history of the people of Ado town and that of Remoland in general. Governor Amosun, who was represented by

the state’s Commissioner for Local Government and Chieftaincy Affairs, Bashorun Muyiwa Oladipo charged the new monarch to join hands with other traditional rulers in Remoland to ensure peace and stability in Ado town. The governor also charged the new monarch to see his selection and eventual coronation as a call to service, saying he must play a fatherly role to everyone, including those who contested the throne with him.

He said: “Kabiyesi, by your appointment, you have become a member of the Remo Traditional Council. Therefore, you are expected to play the role of an active member of the council and father to all your subjects including those who contested the stool with you. “It is my hope that you will join hands with other Royal Fathers in Remoland to contribute effectively to the promotion of culture and welfare of the entire people of Ado, Sagamu and Remoland.”


Monday, November 18, 2013

National Mirror www.nationalmirroronline.net

49

World News

Let me say clearly that my team stands firm in the face of the difficulties we are encountering, we are hopeful that things will change for the better. I urge Ghanaians to make meaningful inputs to the government as our goal is to make our society better. This is a task for all of us.

–GHANA’S PRESIDENT, JOHN MAHAMA

Mandela still unable to speak, says ex-wife

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ormer South African president Nelson Mandela is still unable to speak but uses facial expressions to communicate, his ex-wife has told a local newspaper. Winnie Madikizela-Mandela said the 95-year-old remained “quite ill” but she dismissed speculation that he was on a life support machine. In September, Mandela returned home after nearly three months in hospital with a recurring lung infection. The government has said his condition is critical and sometimes unstable. He is no longer talking “because of all the tubes that are in his mouth to clear [fluid from] the lungs,” Ms Madikizela-Mandel told South Africa’s Sunday Independent newspaper. “He can’t actually articulate anything... He communicates with the face, you see. But the doctors have told us they hope to re-

Libya’s deputy intelligence chief kidnapped

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ibyan deputy intelligence chief Mustafa Nuh has been kidnapped, security sources have told the BBC. Local media say he was abducted from Tripoli airport, but the government says it is unable to confirm this. The kidnapping comes as the Libyan capital observes a general strike in protest against the presence of militia groups in the city. The strike was called after more than 40 people died and hundreds were injured in two days of clashes. The weak central government in Libya has struggled to keep control amid powerful local militia. These groups were originally formed to help oust Col. Muammar Gaddafi, but two years later they refuse to disarm.

cover his voice. “I have heard this nonsense that he is on life support - he is not,” she added. “It is difficult for him. He remains very sensitive to any germs, so he has to be kept literally sterile. The bedroom there is like an ICU [intensive care unit] ward.” Mandela has been receiving intensive care at his home in a suburb of Johannesburg, which has been specially adapted for his care. The Nobel Peace Prize laureate is revered around the world for leading the fight against white minority rule and preaching reconciliation with the white community despite being imprisoned for 27 years. Correspondents say the presidency has been keen to reassure not just the Mandela family but the nation that he is no more vulnerable at home than in hospital. It has called for Mandela’s privacy and dignity to be respected.

WORLD BULLETIN Mahama restates commitment to justify Ghanaians’ mandate Ghana’s President, John Mahama, has restated his commitment toward implementing programmes that would justify the mandate given to him by Ghanaians. A government statement quoted Mahama as saying this on Saturday during a meeting with members of his party, the National Democratic Congress (NDC) in the Volta region. Mahama was in the Volta region on a two-day working visit. Mahama said that his administration remained committed toward implementing polices that would enliven the economy and trigger development in the country. “We have had some challenges such as fire outbreaks in our major markets, the election petition, industrial strikes and energy crisis. “We thank God we are gradually getting out of all these with the level of commitment we showed as a team,” the statement quoted him as saying. The president said that government had set up comprehensive programme aimed at adequately tackling the challenges before the country.

French hostage in Nigeria freed –Hollande

Mandela

Boeing airliner crashes in Russia, 50 killed

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Boeing 737-500 airliner crashed on landing in the Russian city of Kazan on Sunday, killing all 50 on board and highlighting the poor safety record of Russian airlines that ply internal routes across the world’s largest nation. The Tatarstan airlines flight from Moscow was trying to abort its landing in order to make a second approach, but it

exploded on hitting the runway, killing all 44 passengers and six crew on board, emergency officials said. The only picture shown from the scene on Russian television reports was a blurred still shot of the plane’s fuselage with firefighters in the foreground, apparently after they had extinguished a fire at the scene. Flight U363 took off from Moscow’s Domod-

The airport in Kazan - the capital of Tatarstan - was closed after the accident

edovo airport at 6:25 pm (1425 GMT) and crashed just over an hour later, emergency officials said. The plane was 23 years old. According to eyewitness reports, the Boeing lost altitude quickly and its fuel tank exploded on impact. There were high winds and cloudy skies over the airport in central Russia. Temperatures were above zero. Boeing officials at the Dubai Airshow declined to comment on the crash. Kazan, which is 800 km (500 miles) east of Moscow, is capital of the largely-Muslim, oil-rich region of Tatarstan. A new runway was built at the airport ahead of the World Student Games, held in the city earlier this year. A spokesman for

state aviation oversight agency Rosaviatsia said authorities would search for the flight recorders. “The plane touched the ground and burst into flame,” Sergei Izvolsky said. “The cause of the crash as of now is unknow.” Russia and the former Soviet republics combined had one of the world’s worst air-traffic safety records in 2011, with a total accident rate almost three times the world average, according to the International Air Transport Association. There have been 170 crashes involving this model of aircraft since it came into use. In the Russian city of Perm in 2008, a Boeing 737 exploded just a kilometers above the ground minutes before landing, killing 88 people.

A French man has been freed almost a year after being kidnapped in Nigeria by Islamist militants, President Francois Hollande’s office said on Sunday. A source close to the French government and a Nigerian police official told Reuters the hostage, Francis Collomp, who is over 60, had escaped; but a source in the French foreign ministry denied that. Collomp was seized when about 30 gunmen stormed his compound on December 19 in the northern Nigerian town of Rimi, close to the Niger border where al Qaeda’s North African wing, al Qaeda in the Islamic Maghreb (AQIM), operates. “The president expresses his gratitude to the Nigerian authorities, with whom French authorities have collaborated closely on this decisive action,” Hollande’s statement said. Nigerian Police commissioner Olufemi Adenaike told Reuters Collomp had been moved to the town of Zaria, in northern Nigeria, in the past three months and had fled from there. “He escaped yesterday in Zaria and boarded a commercial motorcycle taxi to the nearest police station,” Adenaike said. “We handed him over to the French embassy this morning,” he added.


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World News

Monday, November 18, 2013

Controversy trails Anambra guber poll

CONTINUED FROM PAGE 5

want to declare Obiano winner this evening (yesterday). Going to conduct election in Obosi on a Sunday is a fluke, a ruse; Christians go to Church on Sunday and we have told our people not to participate,” he added. He said he may challenge the result of the election in court after due consultation with his party, PDP. “We want total cancellation of the election in the state. Onukogu laid the foundation for what happened but Jega is to be blamed because he lost control of INEC. “So whatever the

outcome of the election will be, it is unacceptable to us in any way and in any form because people were not allowed to exercise their franchise. We thought that the election will be free and fair but unfortunately, the reverse is the case,” he said. According to him, the election in Obosi is just to perfect the act of announcing a winner and “we wish them good luck.” While the governorship candidate of the PDP condemned the conduct of the election, not so for his party. The national leadership of the PDP

yesterday commended the people of the state for the peaceful and orderly conduct of the governorship election. The party also commended President Goodluck Jonathan for providing adequate security and the enabling environment for credible, free and fair election in the state in spite of any perceived hitch(es). PDP National Publicity Secretary, Chief Olisa Metuh, in a statement on Sunday said the party is satisfied that despite the massive importation of

CHANGE OF NAME t ADEKOYA: Formerly known and addressed as Miss Taiwo Rebecca Adekoya, now wish to be known and addressed as Mrs Taiwo Rebecca Thomas. All former documents remain valid, general public should please take note

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CHANGE OF NAME t ADIUKWU: Formerly known and addressed as Miss Adiukwu Cecilia Oluchi, now wish to be known and addressed as Miss Miller Cecilia Andrew. All former documents remain valid. General public should please take note.

CHANGE OF NAME t ADENIJI: Formerly known and addressed as Adeniji Wendy Francisca, now wish to be known and addressed as Nwanze Francisca Wendy. All former documents remain valid. General public should please take note.

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CHANGE OF NAME t LINDA: Formerly known and addressed as Idahor Ugonna Linda now wish to be known and addressed as Idahor Ugonna Victoria. All former documents remain valid. General public take note. CHANGE OF NAME t

CHANGE OF NAME t INYAMA: Formerly known and addressed as Miss Inyama Chinwendu Rachel, now wish to be known and addressed as Mrs. Eze Chinwendu Rachel. All former documents remain valid. University of Nigeria, Nsukka and general public please take note.

OLABISI: Formerly knwon and addressed as Miss Olabisi Atinuke Omowumi, now wish to be known and addressed as Mrs Aderinto Atinuke Omowumi. All former documents remain valid. Bowen University Teaching Hospital (BUTH) Ogbomoso and general public should please take note.

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ADUBINA: Formerly known and addressed as Miss Adubina Victoria Olufunmilayo, now wish to be known and addressed as Mrs Ajala Oladejo Victoria Olufunmilayo. All former documents remain valid. Oyo State Service Commission, Ogbomoso South Local Government and general public should please take note.

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GBEMISOLA: Formerly known and addressed as Miss Gbemisola Adenike Abosede, now wish to be known as Mrs Akiode Adenike Abosede. All former documents remains valid. General public take note.

thugs and plots by the APC to introduce violence to disrupt and rig the election, the process was conducted peacefully. “While we now await the official result, we wish to express our satisfaction that the election was conducted without disturbances, despite the massive importation of political thugs by the APC as well as their heinous

plots to introduce violence to disrupt and rig the poll having discovered that they have been rejected by the people. “We also commend the candidate of our great party, Comrade Tony Nwoye for his resilience, grassroots appeal and credible outing which brought him to the forefront in the race despite having only two weeks to campaign. This is evident in

the results so far released in which he roundly defeated the candidate of the APC who has been campaigning for four months before our candidate. The PDP is indeed happy with Comrade Tony Nwoye’s performance so far. “While we charge all our members to continue to remain calm and focused, we wish to state that our final position on the election will be made known when the overall result is declared by INEC.”

CHANGE OF NAME t ADENIYI: Formerly known and addressed as Miss Taibat Adeniyi, now wish to be known and addressed as Mrs Taibat Ajeigbe. All former documents remain valid. The general public should please take note.

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CHANGE OF NAME

ABDULSALAM: Formerly known and addressed as Miss Abdulsalam Adeola Zuleeha, now wish to be known and address as Mrs Adewuyi Adeola Zuleeha. All former documents remain valid, Osun State College of Technology, Esa-oke, NYSC, and general public should please take note.

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OJO: Formerly Called Dr (Miss) Ojo Oludolapo Ifeoluwa, now wish to be known and address as Dr (Mrs) Adegbola Oludolapo Ifeoluwa. All former documents remain valid, LAUTECH Teaching Hospital, Osogbo and general public should please take note.

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CHANGE OF NAME t ONYEMAELU: Formerly known and addressed as Miss Vivian Chika Onyemaelu, now wish to be known and addressed as Mrs. Aromeh Vivian Chika. All former documents remain valid. General public take note.

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CHANGE OF NAME t LABAS: Formerly known and addressed as Mr Labas Jonathan Treinta, now wish to be known and addressed as Mr Chike Jonathan George-Ishola. All former documents remain valid, general public should please take note

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APALOWO: Formerly known and addressed as Miss Apalowo Omolade Yemisi, now wish to be known and addressed as Mrs. Adeyemi Omolade Yemisi Elizabeth. All former documents remain valid. Ekiti State Local Government Service Commission Ado Ekiti and general public take note

UWEM: Formerly known and addressed as Uwem Effiong Udom, now wish to be known and addressed as Esther Effiong Udom. All former documents remain valid. General public take note.

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TOHEER: Formerly known and addressed as Miss Toheer Bolanle Kuluthum, now wish to be known as Mrs. Muslim Bolanle Kuluthum. All former documents remains valid. Osun SUBEB and general public to take note.

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CHANGE OF NAME t COKER: Formerly known and addressed as Miss Ruth Coker Oluwaseun, now wish to be known and addressed as Mrs Ruth Daramola Oluwaseun. All former documents remain valid. General public should take note.

ADEWUYI: Formerly known and addressed as Miss Adewuyi Victoria Olusike, now wish to be known and addressed as Mrs Olaleye Victoria Olusike. All former documents remain valid. Oyo State Post Primary Teaching Service Commission (TESCOM) and general public should please take note.

PUBLIC NOTICE BEAUTIFUL GATE CHRISTIAN ASSEMBLY INTERNATIONAL

This is to informed the general public that the above named church has applied to the Corporate Affairs Commission for registration under part ‘C’ of the companies and Allied matters Act, 1990

THE TRUSTEES ARE: 1. Pastor Goodday Echerebor 2. Pastor Mrs. Mabel Echerebor 3. Evang. Emmanuel Ehgughu

AIMS AND OBJECTIVES:

– G.O – Secretary – Member

1. To preach the gospel to all nation of the world in accordance with the words of our lord Jesus Christ. 2. To provide for the less privileged 3. To preach and train Christians to posses the good Christian virtues to shines as light on the world and salt of the earth. 4. As a church we seek to promote unity amongst Christians, by deemphasizing Any objection to the registration should be addressed to the Registrar general Corporate Affairs commission, plot 420 Tigris crescent, off Aguiyi Ironsi Street P.M.B. 198 Maitama Abuja within 28 days from the date of this publication.

SIGNED: PASTOR GOODDAY ECHEREBOR G.O

PUBLIC NOTICE DIVINE INTERVENTION GLOBAL MISSIONARIES ORGANIZATION

The general public is hereby notified that the above named association has applied to the Corporate Affairs Commission Abuja for registration under Part “C” Of The Companies And Allied Matters Act N0 1 Of 1990.

THE TRUSTEES ARE: 1. Prophet, Chaplain, Dr. Everestingkings K. Nwachukwu 2. Chaplain Eucharia Nnenna Omenazu

– President – Secretary

AIMS AND OBJECTIVES: 1. To produce quality and assuring missionary services delivery and guidance to less privileged persons living in rural areas irrespective of religion, political or ethnic group. 2. To foster peace, unity, love and care amongst the public and members. 3. To utilize missionary awareness (soul healing through divine teaching, counseling, and other missionary works) as a medium of promoting peaceful co-existence among different religions, political and ethnic groups. Any objection to the registration should be forwarded to The Registrar General Corporate Affairs Commission Plot 420 Tigris Crescent of Aguiyi Ironsi Street, P.M.B 198, Maitama, Abuja, within 28 days of this publication

SIGNED: PRESIDENT

PUBLIC NOTICE

MIRROR OF LIBERTY MINISTRY

The public is hereby informed that the above named organization has applied to corporate Affairs Commission for registration under part “C” of the companies and Allied Matter Act 1990

THE TRUSTEES ARE: 1. Mr. Innocent Nwawuike 2. Mr. Jude Nganya 3. Miss Ogechi Ibeawuchi

AIMS AND OBJECTIVES:

1. To preach the Gospel to people 2. To help people get their inheritance in Christ 3. To lead people into their inheritance in Christ. Any objection to the registration should be forwarded to the Registrar- General, Corporate Affairs Commission, Plot 565, Ndola Square, Wuse Zone 5, and PMB 189 Abuja within 28 days of this publication.

SIGNED: MRS. MARYANN OJINNAKA LEGAL PRACTITIONER

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UBAH: Formerly known and addressed as Miss Francisca Judith Chikwado Ubah, now wish to be known and addressed as Mrs. Francisca Judith Chikwado Nwosu .All former documents remain valid. The Nigeria Police Force, Imo State University and general public take note.

EMEYONU: Formerly Known And Addressed As Miss Martina Njideka Emeyonu, now wish to be known and addressed as Mrs. Martina Njideka Opara. All former documents remain valid. The Nigeria Police Force, Imo State University and general public take note.

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PUBLIC NOTICE

IGBOABIALA FOUNDATION

This is to inform the general public that the above named organization has applied to the Corporate Affairs Commission for registration, under part ‘C’ of the Companies and Allied Matter’s Act No.1 of 1990.

THE TRUSTEES ARE:

1. Hon. (Dr) Chief Chukwukere Eze Ezekiel 2. Ogbonna Kelechi Hope (Hon.) 3. Nwadike Lawrence Okechukwu (Nze) 4. Uyamadu: Virginia Adaeze (Lady) 5. Barr. Nnani Emmanuel Chukwuka (Hon) 6. Elder Smart Ebere 7. Durumba 1 Uche (Hon.)

AIMS AND OBJECTIVES:

1. To promote the culture of Igbo’s mainly on festive period of Igbo Cultural days. 2. To foster Unity among the Igbo’s for progressive future. Any objections to this registration should be addressed to the Registrar General, Corporate Affairs Commission, Plot A20, Tigris Crescent, Maitama District, Abuja within 28 days of this publication.

SIGNED: COMRADE ADOLPHUS UCHENNA FRANKLIN


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North

Monday, November 18, 2013

Northern governors get ACF’s road map for development PRISCILLA DENNIS MINNA

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chieftain of the Arewa Consultation Forum (ACF), Gen. Mohammed Inuwa Wushishi, has said that the comprehensive road map document submitted to the 19 northern governors by the Forum is capable of enhancing the socio-economic fortunes of the North. He said that with the submission of the recommendations, it is now left for the northern governors to carefully study them for robust implementation so

as to alleviate the sufferings of their people. Wushishi, who spoke shortly after the meeting of the Niger State chapter of ACF in Minna, listed some of the issues contained in the recommendations to include provision of adequate security, prioritising agriculture, embarking on efforts to tackle poverty and addressing education backwardness of the North. Wushishi said: “We have submitted a road map to the 19 governors of the North. If they like, let them implement it. It is now left to them.”

Another ACF stakeholder, Alhaji Baba Abubakar, identified agriculture as the major road map to the development of the region. According to him, agriculture could help reduce the over dependence on oil by the country. Abubakar claimed that instead of prioritising agriculture, the political class, due to their selfish reasons, deliberately cause in-fighting within the region so as to shift people’s attention from the sector. He said: “We will make meaningful progress with agriculture as a road map to our development, but

politicians’ selfish interests have led to fighting, killing and religious disharmony in the North. “The development has not allowed the region to unite for common good. Giving attention to agriculture will reduce the over dependence on oil by the whole nation as well as reduce most of the challenges confronting the country.” Abubakar said: “Before now, the North was respected for its sincerity, but the reverse is the case today. There is need for concerted effort to restore the region’s integrity.”

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Taraba acting gov didn’t disobey court order –Group OBIORA IFOH ABUJA

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cting Taraba State Governor Garba Umar did not sign letters to the state House of Assembly as the governor nor violate any court order as alleged by a civil society coalition, a group, the Taraba Justice Forum, has claimed. A civil society coalition had on Thursday accused the acting governor of signing letters as executive governor of Taraba State and violated a court order restraining the Assembly from screening commissioner-nominees’ list. The Forum, in a statement signed by its Secretary-General, Mr. John Ambulus, said it investigated the allegations and found that “the letter sent to the Assembly showed that the letter though written on the letter head of the state governor, it was signed by Alhaji Umar as Acting Governor. The statement reads: “The one we saw was a stamped copy received by the Assembly and the one the civil society coalition paraded was forged as it was not stamped nor its signed copy received by the Assembly. We will

soon publish the original stamped copy for the attention of the public. “In any case, constitutionally, when you are acting, you are legally allowed to use the office of the governor as well as the paraphernalia of the office. An acting governor is allowed to use instruments of office of the executive governor as he is deemed to be the governor in the eyes of the law.” On court order, the Forum said: “The Acting Governor did not disobey any court order as he was neither served nor received any court paper purported to be restraining the legislature from the performance of its task. “The Acting Governor had only communicated list of nominated commissioners to the lawmakers in line with requirements of the constitution.” The Forum, however, decried attempts by some people to use the court to stop the legislature from performing its constitutional responsibilities. The Forum said: “It is simply anti-democratic to purportedly seek an injunction to stop a duly constituted Assembly from screening for confirmation duly nominated commissioners.

SURE-P votes N15bn for unemployed graduates L-R: Bauchi State Commissioner for Works and Transport, Mr. Bukata Bukar; Bauchi State Governor Isa Yuguda; his Gombe State counterpart, Alhaji Ibrahim Dankwambo and Taraba State Acting Governor, Alhaji Garba Umar, during the launch of 83km Alkaleri-Futuk Road in Bauchi, at the weekend. PHOTO: NAN

2,000 diabetic patients to get free treatment in Sokoto

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he Nigeria Medical Association (NMA) in Sokoto State has introduced a programme for the free treatment of 2,000 diabetic patients monthly. The News Agency of Nigeria (NAN) reports that the programme tagged: “Collaborative Community Health Programme’’ was inaugurated yesterday at Gagi, near Sokoto in Sokoto South Local Government Area. The programme will cover the 23 local government areas in the state. It was jointly organised by the state chapter of the

Islamic Medical Association of Nigeria, the Nigeria Aid Group of the Jama’atul Nasril Islam and the Minarat Science Academy, GagiSokoto. The patron of the Nigeria Aid Group, Alhaji Sani Umar, said that the free outreach programme would be continuously conducted on the first and last Sunday of every month. Umar, who is also the District Head of Gagi said ``the gesture is aimed at alleviating the suffering of the indigent patients.’’ The Health Commissioner, Alhaji Ahmed Aliyu, commended the organ-

isers for the gesture. “The state government is willing to partner with any individual or organisation to further improve the living standard of the people,’’ the commissioner promised. The Religious Affairs Commissioner, Prof. Musa Maitafsir and some other stakeholders all stressed the need for Nigerians to imbibe the culture of regular medical check-ups. “Diabetes and hypertension are silent killers, we can only know our status through tests and checkups,” Alhaji Sadiq Kalgo, the Principal, School of

Nursing, Uthmanu Danfodiyo University Teaching Hospital, Sokoto said.

Sokoto State Governor Aliyu Wamakko

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he Subsidy Reinvestment and Empowerment Programme (SURE-P) has set aside N15 billion to pay allowances of unemployed graduates participating in its Graduate Internship Scheme (GIS). Head of its GIS, Mr Akubo Adegbe, disclosed this to journalists yesterday in Minna during an interactive session. Adegbe said each of the 50,000 participants to be recruited for the internship programme would earn N25, 000 monthly. He said the scheme was aimed at providing participants with requisite experience in various disciplines preparatory to securing jobs. Adegbe said that the graduates would be placed in firms and organisations, non-governmental organ-

isations and selected government agencies on a oneyear internship. “The interns are expected to acquire professional skills, training and work experience to improve their job-placement opportunities. “The Federal Government will be responsible for paying monthly stipends to them, while participating institutions will be expected to provide adequate opportunities for training and mentoring,” he said. Adegbe said that the scheme would enhance chances of the 50,000 unemployed graduates through improvement on their skills during the internship programmes. He urged the graduates to ensure that they registered for the scheme.


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North

Monday, November 18, 2013

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Plateau: Five held for killing, mutilating 11-yr-old girl JAMES ABRAHAM JOS

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ecurity agents have arrested five suspects for trading in human parts in Jos, the Plateau State capital. The suspects, now in police custody, allegedly

killed and removed certain body parts of an 11-yearold girl, Ummu Salma, for ritual purposes in Filin Sukuwa area of Jos North Local Government. Alhaji Abubakar Tanko, who claimed to be one of those who arrested the suspects, said “we saw the

Awoniyi urges cooperation among Mopa indigenes WALE IBRAHIM LOKOJA

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ogi State Deputy Governor, Yomi Awoniyi, has called on the people of Mopa community in Mopamuro Local Government Area of the state to unite for the growth of the area. Awoniyi, who made the call at this year’s Mopa Day and Mopa Welfare Society 70th anniversary, described personality clashes, rancour and acrimony inherent in the community as factors which had slowed down the pace of development in the area over the years. He promised to initiate processes that would create lasting peace and unity in the community. The deputy governor, who lauded the foresight of the founding fathers of Mopa Welfare Society and their early achievements, said it was only when the people closed ranks that the fruits of communal efforts could be reaped. Awoniyi also commended Mopa community for been lucky to have produced people who had made and were still making their marks in all fields of endeavours in the country, adding that the community did not have any reason to lag behind in terms of development. The deputy governor, who said his ascension to office was an undeserving blessing of God, asked those who felt offended by his emergence from the community to bury the hatchet and join hands with him for the rapid development of the community and the state at large. Awoniyi, who is a chieftaincy title holder in the community, the Lisa of Mopaland, pledged to do everything humanly possible towards initiating fence

mending process aimed at bringing various factions and interest groups in the community together. He also described Governor Idris Wada as a leader who encourages unity, togetherness and peace building. The deputy governor commended sons and daughters of the community for still holding unto the pursuit of the vision of the founding fathers of Mopa Welfare Society. Earlier in his address, the President of Mopa Welfare Society, Mr. Olu Adeko, said that over the years the society had embarked on projects which were beneficial to the people. He urged the people to join hands with the government in its efforts to provide infrastructure. Adeko also implored the people to contribute to the community’s ongoing development projects, adding that such achievements could only become a reality when they were united. In his remarks, the traditional ruler of the town, the Elelu of Mopa, Oba J. O. Joledo, bemoaned the setback which disunity and acrimony had caused Mopa land. He urged the people to reawaken the spirit of love, unity and communal selfhelp development that once existed among people of the community. Speaking at the event, Rev. Ola Daniyan called on the people of Mopa land to turn from their evil ways but obey and do God’s commandments. The cleric described the sins of adultery, fornication and stealing what belongs to the people when in position of authority as sins that can affect the growth of a community. He appealed to Mopa people to always exhibit genuine love and be generous to one another so as to build a strong community.

girl’s grandmother and two other girls arguing with one of the suspects. The grandmother had earlier told us that she had sent the girl to buy masa (local snacks) for their breakfast around 7:30am on Friday but the girl did not return. According to him, after visiting the masa house, the seller said Ummu Salma had left but had returned to buy masa for one Auwalu Ajanguwa.

Tanko said that Ajanguwa claimed to have seen one Nafiu going up the hill with the girl, but after frantic search around the hills, the girl and Nafiu were not found. The body of the girl, who was living with her grandmother, was discovered the next day, Saturday, with her eyes and tongue removed. Alhaji Habibu Nakande, who was one of those who

found the girl’s body, said: “We found her in one of the uncompleted buildings in the area, after arresting Nafiu about 4:35 pm on Friday.” Tanko, who disclosed that Ajanguwa’s arrest led to the arrest of Nafiu, Rabiu alias Rabson and one other person, said they were taken to the Nasarawa police station in Jos. It was gathered that the suspects claimed to have

been paid N300,000 for the supply of the human parts by one Alhaji Aminu, a shoes seller in Jos, who is also said to be in police custody. When contacted, the state Police Public Relations Officer, DSP Felicia Anslem, confirmed the incident. Ansle said the suspects were in police custody while investigation had commenced into the matter.

L-R: Nasarawa State Commissioner for Health, Dr. Emmanuel Akabe; Minister of Information, Mr. Labaran Maku and Sen. Solomon Ewuga at the wedding of Ewuga’s son in Jos, on Saturday. PHOTO: NAN

‘Regulatory board will boost NAPTPTN’s operation’ WALE IBRAHIM LOKOJA

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he National Association of Pharmaceutical Technologists and Pharmacy Technicians of Nigeria, NAPTPTN, has called on the Federal Government to expedite action on the bill to establish its regulatory board. NAPTPTN National President, Comrade Yusuf Hojapa, made the call in a statement issued at

the end of its National Executive Council, NEC, meeting in Lokoja at the weekend. Hojapa said the board, in addition to its regulatory powers, would serve as an umbrella body for members of the association. He explained that the NEC drew its powers from the various court rulings in suits which gave victory to NAPTPTN over the Pharmaceutical Council of Nigeria, PCN.

The executive director also said the association would continue to work with federal and state agencies to sanitise the practice and as well ensure that its members behaved responsibly in line with extant laws. He also urged the Federal Government to strengthen its boarder security to check the incessant infiltration of fake and substandard drugs from coming into the country.

Hojapa also commiserated with the family of Professor Festus Iyayi who lost his life last week in a motor accident on Abuja - Lokoja Road. He appealed to the Federal Government to ensure the timely completion of the ‘dualisation’ of the Abuja -Lokoja Road to forestall future occurrence, saying that no amount was too much to protect the lives of Nigerians.

We must work for Nigeria’s unity –Mark JAMES ABARAHAMA JOS

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enate President, David Mark, has called on Nigerians to have faith in the country and work for its unity. Mark made the call at the 20th anniversary celebration and special fundraising for African Writers Retreat/ Conference Centre and African Bible Commentary, organised by the African Christian Textbooks, ACTS, in Jos, the

Plateau State capital at the week end. The Senate president, who spoke through the senator representing Plateau Central in the National Assembly, Joshua Dariye, said Nigeria would continue to be one no matter the current challenges facing it as a nation. He called on the church to continue to pray for the unity and oneness of the country at all times to enable it realise its aspiration as a virile and strong na-

tion. Also speaking at the event, Plateau State Governor, Jonah Jang, praised ACTS for creating opportunities for African writers, students and theologians alike in the area of Christian education. Jang, who spoke through his Commissioner for Women Affairs, Olivia Dazyem, also applauded ACTS’ steadfastness and courage for not leaving the state when it was engulfed in crisis a few years ago. The governor said ACTS

had contributed a lot to the lives of Christians in the country. The ACTS Executive Director, Dr. Sid Garland, said the organisation was determined to strengthen the church in Africa by providing affordable evangelical and theological books for Christian leaders and institutions in order to advance the cause of Christianity. There were goodwill messages from eminent Nigerians including the former Minister of Defence, General Theophilus Danjuma.


Monday, November 18, 2013

UAE 2014: Powerlifters set for build-up

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Sport

We failed to take our chances in Calabar. Congratulations to Nigeria and good luck in Brazil –ETHIOPIA COACH, BISHAW SEWNET

Siasia revels in caution

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ormer Super Eagles coach, Samson Siasia, has commended the Super Eagles for beating Walya Ibex of Ethiopia and qualifying for the Brazil 2014 World Cup next summer. Siasia, who spoke to National Mirror yesterday in Calabar, however advised the players to improve on their performance in subsequent games. “Ethiopia mounted pressure and could have scored at least a goal had they not been wasteful in front of goal,” Siasia observed. “They also created lots of chances but failed to convert them. “There are still lots of job to be done on the part of the Eagles to be in the top shape for the

Siasia

World Cup.” Siasia was replaced by Keshi after he lost the post for failing to secure a Nations Cup ticket at Gabon/Equatorial Guinea Nations Cup in 2012.

Kanu predicts ‘Brazil windfall’

F Super Eagles striker Emmanuel Emenike (l) will spearhead Nigeria’s attack against Italy in London today

Friendly: Eagles land in London, ready for Italy STORIES: IKENWA NNABUOGOR CALABAR

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uper Eagles yesterday arrived in London after departing Calabar earlier on a chartered flight for the international friendly game against Italy at Fulham’s Craven Cot-

tage ground later today. The Eagles had just few hours to rest after Saturday’s playoff with the Walya Ibex of Ethiopia before getting on the flight after they were hosted by Nigeria Football Federation (NFF) partner, Guinness, to a reception and media parley.

All the 21 players and the officials, including few members of the NFF also made the trip to London. The African champions will be meeting the three-time World Champions for the first since 1994 World Cup when the Azzuris edged Eagles 2-1 in a second round game.

Mikel, others get Keshi’s plaudit

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Mikel

oach Stephen Keshi has commended his players for qualifying to the Brazil 2014 World Cup and making Nigerians proud. Keshi expressed satisfaction that his charges kept their calm as the visitors mounted pressure, saying the players looked relaxed in the face of Ethiopians’ blistering pattern. “My boys became more anxious after the first goal and allowed the Ethiopians

into the game for a moment,” Keshi said. “That was normal in a game like this but they kept working hard and I’m glad we won the game and qualified for the World Cup.” Keshi has now led two countries to qualify for FIFA World Cup after previously steering Togo to the Germany 2006 World Cup, He could also create a national record as the first individual to appear in the World Cup finals as a player and coach if he leads the Eagles to Brazil next year.

ormer Super Eagles captain, Nwankwo Kanu, has sensationally tipped the Super Eagles to reach the final of the 2014 World Cup in Brazil next summer, National Mirror can exclusively report. Kanu, a self-styled Super Eagles number one fan, however cautioned that the Eagles must be at their best to achieve the lofty dreams. The former African Player of the Year said his prediction must also be backed by prayers from everyone involved with the Super Eagles to make the dream a reality, “I am no God, so, the players should not sit down and expect miracles,” Kanu said.

“I predicted that Eagles would win the Nations Cup in South Africa early in the year, and we did. “So, I expect same feat to be achieved in Brazil but the players must work hard for it.”

Kanu

Uduaghan greets Eagles

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elta State Governor, Dr. Emmanuel Uduaghan, has congratulated Nigerians on the qualification of the Super Eagles for the 2014 World Cup, urging the team’s crew to ensure

Uduaghan

proper blending of players ahead of Brazil finals. “The strategy of the Super Eagles was to win and they won, we should congratulate them,” Iduaghan said in Warri yesterday. “But there is need for the team to blend more than they have at the moment,” he added. “I believe we are set to conquer the world in football next year in Brazil.” According to the governor, the Eagles will require strident training in the form of friendly matches to enable them to bring the World Cup to Nigeria. “We are capable and we need to show the world,” he affirmed.


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Monday, November 18, 2013

NSA 2013: Imoke accepts nomination AFOLABI GAMBARI

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rganisers of the National Sports Awards yesterday confirmed that Cross River State Governor, Senator Liyel Imoke, has accepted his nomination for the Sports Governor of the

Imoke

Year award in the ceremony scheduled for Lagos on November 26. Chairman of the Award Panel, Mr. Ikeddy Isiguzo, who presented the letter to Imoke in Calabar at the weekend, said the nomination was a testimony to the immense contribution of the Governor to sports development in Cross River and Nigeria. Imoke, who expressed gratitude to the organisers, said: “I have been encouraged to work more in the course to lift Nigeria’s sports.” Delta State Governor, Emmanuel Uduaghan and his Lagos State counterpart, Babatunde Fashola, complete the nominations for the award.

Taekwondo: Mali, CIV, others for Classics YEMI OLUS

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hairman of the Lagos State Taekwondo Association, Jimi Ogunowo, says organisers of the Lagos International Taekwondo Classics have received entries from Mali, Cote d’voire, Benin Republic, Togo and Niger Republic. The Classics will hold from December 4 to 8 at the Teslim Balogun Stadium. According to Ogunowo, over 200 entries have also been received from within and outside the country.

“Egypt, Senegal, Tunisia and Libya are waiting for some outcomes before sending their entries<’ he said. “It is important for us to have programmes that will expose the athletes to more competitions and new knowledge as they chase honours against their counterparts from other countries. “The experience will raise the standard of the championship and at the same time expose our athletes to international taekwondo community which will improve their self esteem and help them compete better.”

Grace Anozie will be a medal hopeful for Nigeria in the United Arab Emirates

UAE 2014: Powerlifters set for build-up YEMI OLUS

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igeria’s powerlifting Coach, Feyisetan Are, yesterday said that athletes would soon be called to camp to commence preparation for next year’s World Championships in the United Arab Emirates. Nigeria, who hopes to build up on last week’s success at the IPC Asian Powerlifting Championships in Malaysia where it topped the medals table with five gold, two silver and three bronze medals ahead of Egypt and China, also

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ootball’s governing body, FIFA, and its corporate partner SONY have declared support for the Search & Groom Youth for Development Centre in the implementation of the Siyakhona Skills Project in Nigeria. The project was launched in 2010 as part of Sony’s Corporate Social Responsibility collaboration with FIFA through the “Football for Hope” of which Search & Groom was one of the participating organisations ahead of the first ever “Football for Hope” Festival 2010

held in South Africa. Siyakhona aims at teaching youths to tell stories of their environment, culture and lifestyle using photography and videos as seen through their eyes. It also promotes Media Information and Literacy (MIL) among young people with a view to exposing their talent and creativity with core activities including football training matches, workshop and photo exhibition. The first phase of the programme will take place in Lagos suburb Ijora, as well as Agege, Ikorodu and Otto-Iddo early next year.

lifting more than three times his bodyweight to win gold. Compatriot Esther Oyema, also a London 2012 medalist, added 7kg to the world record to win the women’s -55kg class, the 31 year-old breaking the world record twice with her second and third lifts to set the new mark at 122kg. Grace Anozie, Ijeoma Ihurobiem and Abdulazeez Ibrahim also won their events as well while Anthony Ulonnam and Lucy Ejike scooped silver as Opeyemi Jegede, Ruth Dodo and Ikechukwu Obichukwu claimed bronze medals.

Wolves didn’t sack me–Ogbeide

FIFA, SONY support Search & Groom AFOLABI GAMBARI

seeks a better outing in Dubai. “Our performance is just a build-up to the world championships,” Are said. “After our Paralympics exploits in London, we have got about three new athletes in the team. We will call about 25 athletes to camp after which 16 will be selected. The new powerlifting rules state that every country must participate in at least two qualifiers every year so this will aid our preparation.” Paralympics hero, Yakubu Adesokan, began the medal onslaught by setting set a new world record in the men’s -49kg class last week in Malaysia after

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Ogbeide

ormer Warri Wolves Technical Adviser, Solomon Ogbeide, has dismissed media reports that the team’s management terminated his services. “I saw the press statement from the club and there was nowhere sack was mentioned but the newspapers twisted it to suit their purpose to discredit me,” a furious Ogbeide said yesterday. According to him, he had a mutual agreement with the Wolves’ management to part ways with to disengage his services after both parties failed to agree on a new contract term.

“The new management came with a new thinking different with mine, so we couldn’t work together,” Ogbeide explained. “They even issued a letter thanking me for the job I did last season and I wondered where the sack issue came into the picture. “There was no clause in my contract that I should qualify Wolves for the continent. Yet, I won a continental ticket. “We also finished sixth last season, an improvement from the previous season. So, let the impression be corrected that we only parted ways mutually.”


National Mirror www.nationalmirroronline.net

Sport

Monday, November 18, 2013

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Keshi, LMC and Nigeria football

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igeria stood still in ecstasy on Sunday, February 10 as the Super Eagles emerged champions of the 2013 Africa Cup of Nations football tournament in South Africa. It was a performance that proved bookmakers wrong as many did not give the team a chance to go that far. That victory was sweet for so many reasons, among which was that it came 19 years after Nigeria last won the trophy, it was a victory achieved away from home and coach of the team, Stephen Keshi, is the first Nigerian and second African to win the trophy both as a captain and as a coach. Worthy of mention is the fact that the allconquering team was a mixture of foreign and home based players. Between 1995 and2012, it had almost become an aberration for any coach handling the Super Eagles to dream of having Nigeria-based players in the team to a major tournament. When Shaibu Amodu could not win the 1995 Confederations Cup (then called the King Fahd Cup) in Saudi Arabia on the back of Nigeria’s Nations Cup victory the previous year, a section of the Nigerian community called for his head. His offence was daring to field home based players to “rubbish” the achievement of Clemense Westerhof before him. Nigerians were quick to forget that throughout Westerhof ’s stay in Nigeria, the Dutch man never took his eyes off the domestic league where he hoped to pick quality players that could give him the desired result for the nation. His style then was to draft the home based players into the national team and then help them get foreign clubs to sharpen their skills and increase their chances of playing on the global stage. After the Amodu baptism in 1995, other coaches got the nod to try their hands on steering the affairs of the Super Eagles at different times. With the retinue of foreign based players being recycled and shuffled by the various coaches that came on board, Nigeria pushed, pulled and struggled to lift the coveted AFCON trophy without success. When Stephen Keshi took over in December 2011 and started going round the Nigeria league venues, looking for players, the apostles of foreign based players echoed that he had begun his journey on a wrong footing that would not take him far on the job. But the former Nigeria international responded with by the re-

sults he churned out. Keshi had a cordial and rewarding working relationship with Westerhof and, therefore, learnt a lot from the latter. He knew what the blend of foreign and home based players meant to the Super Eagles while Westerhof held sway. Interestingly, at the time Keshi was appointed coach, the fortune of Nigerian players abroad was dwindling as many of them could not play for big clubs in the European leagues. Even those in the smaller clubs or lower leagues were not getting enough playing time to incubate them for the national team challenge. Yet these were the same set of players being relied on to take Nigeria to the Eldorado. Keshi looked inwards for the possibility of salvaging the situation, thereby inviting home based players to the Super Eagles and assuring them places in the final team should they live up to expectation. Behold they did and formed the integral part of the team with which the Big Boss conquered Africa. Keshi’s rare action also helped to rekindle the Nigeria Premier League that had almost gone comatose through mal-administration and boosted the players’ confidence. Coincidentally, as Keshi gave a new lease of life to the Super Eagles, the Nigeria Football Association (NFA) saddled the League Management Company (LMC) with the responsibility of revamping the ailing league. The 2012/2013 season was a testimony to behold as the LMC came up with series of actions aimed at sanitizing the league that was hitherto characterized by intrigues inimical to progress. As expected, the actions of the LMC did not go down well with some of the clubs in the league as they felt deprived of the opportunity to launch their unholy plans for the season. I felt no shock when, soon after the end of the last season, the “club owners/managers” came up with a resolution that the LMC’s services were no longer required by the clubs participating in the league. The public reactions that followed the pronouncement are better played back in our memory than recalled here. The Nigeria Football Association was wise to react that the LMC could continue with the brilliant job it has started for the good of the game in the land. From my observation and interaction with the LMC, an oppor-

Action in the Nigeria Premier League. Stephen Keshi (inset) has turned the players’ fortune around positively

tunity has beckoned on Nigeria to chart a new course for the transformation of the league and by extension football in the country. This is when all the stakeholders should come together to redress the anomaly that has endured for the past ten years. In other parts of the world, football is a mega business that contributes immensely to the Gross Domestic Product (GDP) of many countries. The players earn so much in the functioning leagues and in turn pay taxes that benefit the government and people, part of whom form the support base of the respective clubs in those countries. If Nigeria football is to be steered to the track of economic progression, the current status quo of government’s firm grip on the clubs in the elite and even lower divisions of the league must change. Government’s business in the business world is to provide the enabling environment and not to be a competitor. When the enabling environment is provided for the private enterprise to do business successfully, government collects taxes from the successful businesses to sustain its obligations. It, therefore, becomes a

win-win situation for the stakeholders and the government, thereby expanding the landscape for wider participation and greater benefits for all. The time is now for government to give room for full private sector participation. This would bring about the required growth and development for the leagues and by extension, to football. Football business is based on Return on Investment and not on charity where government pumps in money that is never accounted for year in year out. As it obtains for now, most club administrators, rather than pay players’ wages and allowances regularly, prefer to spend a substantial part of their budgets on bribing match officials to swing games in their favour, thereby creating the impression that they are doing well on the job. They have over time refused to realise that if the welfare of the players is given the needed attention and their emoluments paid as and when due, the lads would in turn play their hearts out and win games without necessarily seeking the assistance of match officials.

The way football is being administered in Nigeria today does not guarantee a pedestal for the private sector participation in the form of funding or sponsorship. The comic drama that has characterised the sponsorship bid for the premier league before the advent of the LMC is a case study. Multi-national companies pay hundreds of millions of dollars to football governing bodies and clubs in different parts of the world because of the excellent organisational cum administrative competences that are quite visible and endearing in those countries. This is the direction that Nigeria must now focus on in order to turn things around for the better. For, we can’t continue to do things in the same way and expect to get different results. The latest success can be built upon by adopting a different approach from what obtains currently in order to confront the challenges ahead. But the right things must be done at the right time in the right ways by the right persons to get the right results. Ebhodaghe, a veteran journalist, writes from Lagos


WORLD RECORD FASTEST TIME TO 1,000 ESKIMO ROLLS IN A CANOE (MALE)

N150

Vol. 03 No.724 Monday, November 18, 2013

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Colin Hill (UK) achieved 1,000 rolls by hand in 31 min 55.62 sec at Consett, Durham, UK on 12 March 1987. He also achieved 100 rolls in 2 min 39.2 sec at Crystal Palace, London on 22 February 1987

Stopping impunity in Nigeria

ne of my friends in the United Kingdom, Dr. Hakeem Yusuf and also a fellow Akokite, used his time as a student to edit Al-Hikmat Awareness, a newspaper of the University of Lagos branch of the Muslim Students Society of Nigeria. After his impressive academic performance as a law graduate of the university and national youth service, he worked briefly with the Lagos State Ministry of Justice before travelling to the UK to pursue a PhD in law. On completion, he was retained in his university in Belfast. I wish he is at home as a national asset. Few days ago, he forwarded an email requesting me to sign up for an initiative on ‘Stop the High Cost of Governance in Nigeria’. Stop Impunity Now (SIN). It is a petition to the Presi-

Guest Columnist

Abdul-warees Solanke korewarith@yahoo.com, 08090585723 (SMS only)

dency. The initiative is targeting 100,000 signatories. It is the brain child of Prof. Bolaji Owasanoye through Change.org’s petition sharing tool. The petition is requesting the president to take urgent steps to stop crude oil theft; ensure the diligent prosecution of persons involved in the oil subsidy scam, pension, ghost workers and oil thefts. It also demanded release of the White Paper on the Oronsanye Committee report and take steps to reduce recurrent expenditure; inaugurate the National Council on public procurement and, sack Minister of Aviation, Stella Oduah. The petition also made extensive demands from the National Assembly to reduce its budget to no more than N50billion; publish the details of all statutory transfers in the Appropriation Act; and allocate a minimum of 40 per cent of the budget to capital expenditure. Let me share with readers the ground on which the demands were made. “We recall with regret the perennial sum of N150billion allocated to the National Assembly every year since 2010 and also projected till 2016 under the Medium Term Expenditure Framework 2014-2016 (MTEF).The mind boggling provisions for foreign and local travel; bloated security, entertainment and welfare votes; requests for vehicles and computers; a presidency that is fed on more than N2m a day and enjoying a fleet of aircrafts and still wants more. We recall with deeper regret the trillions lost to oil subsidy thieves, the 45,000 ghost workers that earned over N100billion and vanished into thin air; and pension thieves still at large. Oil thieves now have an official monthly allocation of 400,000barrels of crude and the MTEF taking cognisance of this has reduced the oil production projection for 2014”.

In 2012, Nigeria dedicated over 81.6 percent

IT IS A FUNDAMENTAL APHORISM IN A DEMOCRACY THAT NO GOVERNMENT AGENCY IS ALLOWED TO SPEND PUBLIC RESOURCES IN A WAY AND MANNER AND FOR PURPOSES UNKNOWN TO THE PUBLIC of her budget to recurrent spending, while neglecting capital expenditure that positively impacts on the lives of the people. Under the guise of statutory transfer, some government agencies including the National Assembly, National Judicial Council and Universal Basic Education Commission get lump sum allocations. It is a fundamental aphorism in a democracy that no government agency is allowed to spend public resources in a way and manner and for purposes unknown to the public. We, therefore, demand that the President and National Assembly accede to the above demands and send an unequivocal message in favour of transparency, accountability and the development of Nigeria using the budgetary process of 2014. Interestingly, Prof. Owasanoye’s SIN campaign is at the core of President Goodluck Jonathan’s Transformation Agenda. So, the president has found an ally whose initiative should be endorsed by all Nigerians. In his comments on SIN, Dr. Yusuf remarked that Nigeria deserves better than

what she is now experiencing “after decades of military dictatorship”. He said, it is simply unacceptable that a few people are taking such an unconscionable portion of the country’s resources and revenue when millions cannot afford a meal a day. “Unless we stop this impunity, there soon will be no country to call our own.” I raced through the other comments of those who already signed the petition and there was nothing else for me to add in the concern to nudge Nigeria in the path to a glorious future. From Accra, Ghana, a signatory commented thus: “This is important because Nigeria has all it takes to be among the developed nations in the world. All we need is good leadership, sound economic policies, eliminating corruption, ensuring transparency and accountability, which are all hallmarks of sound and good democratic governance. Nigeria should reposition itself as the Big Brother of not only the West Africa region but the entire Africa”.

A Nigerian signatory lamented that too many Nigerians are suffering when the common wealth is the hands of a few. What gives them the right? I grew up in a disciplined Nigeria. I want my children and generations to be proud of being Nigerians. These impunities must stop. Another brother of mine, from Ilorin, said he supported the cause as “a patriot”. From Abuja, a signatory wrote that “Bottom of Form Impunity” is the mother of bad governance. It has encouraged all forms of evil practice; political, social, and even spiritual. We need to demand that people are held accountable for any ill committed. By implication, this petition is not for Mr. President alone. The change is not limited to the corridors of power. It is a petition to our nation, to all stakeholders in the Nigerian project if the country must endure. Every Nigerian engaged in any impunity must have a rethink. Many things are wrong that do not demand presidential or political intervention but personal resolution. It is a call for a cultural revolution, if we agree that impunity has become a culture in our land. So, we all must stop it now!

Sport Extra

Brazil 2014: Cameroonian Lions win World Cup ticket in Yaounde

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ndomitable Lions of Cameroon yesterday survived a wobble against Carthage Eagles of Tunisia to win a ticket to the 2014 FIFA World Cup Brazil after a 4-1 win in Yaounde, making it six

visits to the finals in the last seven for the West Africans. First-half strikes from Pierre Webo and Benjamin Moudandjo had put the hosts in control However Tunisian Ahmed

Akaichi’s strike after the break had the Lions’ bench worried until a Jean Makoun brace settled nerves ahead of the emphatic celebrations by the home crowd. The Tunisians strug-

gled to find their feet after such an early set-back, with Cameroon confidently dictating play. Goalscorer Akaichi almost scored an unfortunate own goal, deflecting Stephane M’Bia’s header

narrowly over, but the Carthage Eagles were undone from a corner soon after as Makoun was left with too much space at the near-post to reach Benoit Assou-Ekotto’s cross, to leave the visiNFF President, Aminu Maigari tors gnashing their teeth. Eto’o

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