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Sallah: Military averts terrorist attack in Borno, 40 killed

CBN won’t reduce interest rate for now –Sanusi

13 killed as Fulani herdsmen invade Benue community P.12

OMEIZA AJAYI, INUSA NDAHI, JAMES DANJUMA, HENRY IYORKASE AND PRISCILL A DENNIS Ihejirika

Vol. 3 N0. 699

FG orders takeover of NERFUND over mismanagement

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AYO OLESIN

he 7 Division of the Nigerian Army yesterday averted what could have been coordinated attacks by Boko Haram terrorists in Konduga and CONTINUED ON PAGE 2>>

WASHINGTON DC

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overnor, Central Bank of Nigeria, CBN, Mallam Lamido Sanusi, has ruled

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out the possibility of an interest rate cut in the near future, saying this would have dire consequences for the economy. Briefing journalists on CONTINUED ON PAGE 4>>

Monday, October 14, 2013

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2015 presidential ambition splits New PDP, G7 govs Baraje faction gives FCT Minister ultimatum to unseal Adamawa Gov's Lodge Says Tukur must first face the Dikko Disciplinary Committee

OBIORA IFOH ABUJA

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ll is not well in the ranks of the new Peoples Democratic Party, PDP, as personal ambition in the build up to the 2015 presidential election appeared to have created a split in the group. National Mirror learnt that some of the governors might have jettisoned the initial agenda of the new

PDP and indicated their intention to opt out of the struggle for some personal reasons. The seven governors include Rotimi Amaechi (Rivers), Sule Lamido (Jigawa), Murtala Nyako (Adamawa), Rabiu Kwankwaso (Kano), Abdulfatah Ahmed (Kwara), Aliyu Wamakko (Sokoto) and Babangida Aliyu (Niger). Due to the refusal of Pres-

IN THE SPIRIT OF EID-EL-KABIR

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BUSINESS SECTION Manufacturers yet too gain from FG’s policyy reforms -MAN THE

NPA set to phase out over-aged trucks from seaports P.A4, A7

Free ree insi inside ide

SUPER EAGLES TRASH ETHIOPIA 2-1 P.53

Eddy Onazi (left) celebrating with Emmanuel Emenike after scoring the second goal yesterday.

Rams for sale near Eko Bridge as Sallah celebration draws near in Lagos, yesterday.

PHOTO: YINKA ADEPARUSI

Another aircraft develops fault mid-air, makes emergency landing We only took precaution –Airline ...as experts punch holes in AIB report FG moves to recover N40.2bn Abacha loot

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News

Monday, October 14, 2013

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2015 presidential ambition splits New PDP, G7 govs CONTINUED FROM PAGE 1

ident Goodluck Jonathan to give in to any of the requests of the new PDP including the sack of Alhaji Bamanga Tukur as the National Chairman and Jonathan's withdrawal from the presidential race ahead of 2015 elections, some of the governors are having a rethink over the need to continue with the agitation and are considering the option of confronting the President using other political platform. National Mirror gathered that the presidential ambition of Governors Kwankwaso and Aliyu of Kano and Niger states respectively meant that the G7 governors could no longer work in one accord as the governors had indicated their intention to move into another party to achieve their ambition. Recall that recently Kwankwaso and Aliyu had private audience with the President at the Presidential Villa and National Mirror gathered that none of them briefed the other members of the G7 governors about their discussions with the President. An insider, however, told our reporter that the discussion with the President was centred on the decision of the President towards 2015. The source said that

though President Jonathan did not address the issue raised over his desire to recontest in 2015, he however encouraged them to vie for any position, saying it was their constitutional right to do so. National Mirror gathered that the governors were in advanced stage of discussion with the leadership of the All Progressives Congress, APC. National Mirror also gathered that due to the crack in the new PDP, the Sokoto State governor, Aliyu Wamakko, has also propped up the name of the Speaker of the House of Representatives, Hon. Aminu Tambuwal, as a possible presidential aspirant. Similarly, Jigawa State Governor, Sule Lamido may have dropped his controversial ambition to rule Nigeria after it was discovered that he has agreed to support his Kano counterpart, Kwankwaso, should he step out for the 2015 poll. Investigation has also revealed that the Adamawa State governor, Murtala Nyako, has not relented in his quest to personally crown his successor in the office, an ambition which pitted him against Tukur that almost led to the grounding of the political activities in Adamawa State.

A chieftain of the new PDP who spoke with some reporters in Abuja on Saturday night confirmed the development. The source said: “The fight for internal democracy that we waged against Tukur and the President is not a personal one; we all have our personal relationships with either Tukur or the president; but a situation where some people, because they have access to the Villa will go in to meet with the president and table their personal matters will only whittle down our fight. “Today, you have seen that our operational office has been sealed up by the same people who say they

are pursuing peace; this is happening because most of the governors have been discussing different and personal matters with the president each time they have audience with him. “This is not to say that all or some of the governors are not committed to the fight but from all indications, a few of them have been singing new tunes and we don’t find it pleasant at all. For now, only two or three of the governors can be said to have stood resolute in defence of the initial code we set for ourselves." The source declined to name the governors. Meanwhile, the Barajeled new PDP has said that

the sealing off of the Adamawa Governor’s Lodge in Abuja by the Federal Capital Territory, FCT, Minister, Senator Bala Mohammed is an assault on the entire people of Adamawa State even as they give the minister till Tuesday to rescind his decision and also apologise to the Adamawa people. In a statement made available to National Mirror yesterday, the group spokesperson, Chukwuemeka Eze said that the minister's action only demonstrates his lack of understanding about the status of a Governor’s Lodge. The group also said that what the minister has brazenly done is to indirectly at-

tack the people and Government of Adamawa State in his desperation to impress the National Chairman of PDP, Tukur. According to him, "This unwarranted and rash action by Senator Mohammed can be equated with the recent attack against the Nigerian Embassy in Bissau by the Guinea-Bissau authorities, which sparked outrage and for which that country’s government swiftly apologised. "We advise the misguided minister to within 48 hours not only apologise to the people and Government of Adamawa State but also to unseal the Lodge, which CONTINUED ON PAGE 5

L-R: Senior Director, Africa Region, World Bank, Mr. Gaiv Tata; CEO, African Investment, Mr. Hubert Danso; Group Managing Director/CEO, UBA Plc, Mr. Phillips Oduoza, and CEO, Nigerian Sovereign Investment Authority, Mr. Uche Orji, during CEOs Dialogue Forum with the World Bank in Washington DC, at the weekend.

Sallah: Military averts terrorist attack in Borno, 40 killed CONTINUED FROM PAGE 1

Bama Local Government Areas of Borno State. The aborted twin attacks, our correspondent gathered, was based on intelligence report available to the troops that over 100 Boko Haram sect members had mobilised in a nearby bush close to Bama town with sophisticated weapons to attack the town and Konduga. It was learnt that before the terrorists could move, men of the 7 Division ambushed them with armoured patrol tankers and rocket-propelled grenade, RPG, killing about 40 of the terrorists. Arms and ammunition were also recovered. A security source confirmed the incident to our correspondent in Maiduguri. He said: “We stopped what could have been deadly attacks by suspected Boko Haram insurgents in Bama and Konduga Coun-

cils. “Information available indicated that over 100 terrorists were ambushed by security operatives based on intelligence report near Bama town and that unspecified number of them were killed, using bombs and sophisticated weapons.” The acting spokesman of the 7 Division, Capt. Aliyu Danja, and the Police Public Relations Officer, PPRO, Gidoen Jubrin, a DSP, could not be reached for confirmation as at the time of going to press, due to lack of telecommunication service in Borno State. Meanwhile, the Inspector-General of Police, Mr. Mohammed Abubakar, has ordered heads of operational units at commands and formations nationwide to provide strategies targeted at achieving a secure, peaceful and incident-free Sallah celebration. National Mirror learnt

yesterday that the IG's order was contained in a signal at the weekend and addressed to Assistant Inspectors-General of Police in-charge of zones and state command commissioners of police. Force Public Relations Officer, Mr. Frank Mba, also confirmed that the IGP has also directed the commanders in-charge of the Police Special Forces - the Air Wing, the Maritime Command, the Counter Terrorism Unit and the Border Patrol Units to ensure purposeful and strategic deployment of their personnel and logistics to ensure all criminal threats are effectively detected, prevented and or contained. According to the signal, command commissioners of police are to adequately protect all essential infrastructure and vulnerable points including highways, motor parks, places of worship, shopping malls and

recreation centres. In addition, Commanders of Police Mobile Force Squadrons are to ensure that their respective Quick Reactionary Units remain on high alert throughout the holiday period. In Katsina State, commercial motorcycles and tricycles have been banned from operating after 9.30p.m. as part of measures to put terrorists at bay during the Sallah celebration. Hurdi said the ban covered the state's 34 councils and that it would help to “boost security of the lives of the people and their property.” Kano State Police Commissioner, Musa Daura, said police and other security agencies in the state have been placed on "red alert" ahead of tomorrow's Sallah festivities. Daura who spoke with our correspondent yesterday on phone, said security

agencies, including military, State Security, Civil defence and Hisbah, are prepared to ensure a hitch free celebration. Jos, the Plateau state capital and environs witnessed increased security presence yesterday. Soldiers and men of the Nigerian police mounted roadblocks in major roads and streets. Some were seen conducting searches on motorists and passersby as well. Churches especially those located within the city also held their services under tight security. Although, the Police Public Relations officer in the State, DSP Felicia Anslem could not be reached for comments, but a senior police who spoke with National Mirror in Jos attributed the security beef up in the state to the forthcoming Sallah celebration. He said: “The command does not have to wait until something happens before

we deploy our men to the streets and put them on alert. We don't want to take chances because we want a peaceful atmosphere before and after the Sallah celebration.” Also, the Benue police command said it has deployed over 2000 police to man strategic positions with a view to maintaining law and order during the Sallah celebration in the state. Niger Police command said all is set towards a peaceful Eidel-Kabir in the state with officers and men drafted to provide security, all targeted towards a peaceful and hitch-free celebration for the people. The state Commissioner of Police, Mrs. Desire Deseye Nsirim, in a press statement signed by the command’s spokesman, Mr. Richard Oguche, said the officers are to be on red alert throughout the state during the festive period.


National Mirror www.nationalmirroronline.net

Monday, October 14, 2013

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Photo News

Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

L-R: Chairman, Trade Network Initiative. Barr. Ray Onyega; President, Farm and Infrastructure Foundation (FIF), Prof. Gbolagade Ayoola; Deputy, Editor Business, National Mirror Newspapers, Mr. Tola Akinmotimi and Abuja Advert Manager, Mr. Gbenga Adeosun, during FIF’s visit to the Abuja Bureau of National Mirror newspapers at the weekend. PHOTO: ROTIMI OSASONA

L-R: Guest of Honour and Director, Punch Newspapers, Dr. Lekan Are; Chairman of the occasion, Prof. Akin Mabogunje and Chief Executive Officer, Idea Consult Ltd, Mr. Wole Agbaje, at the 20th Anniversary Luncheon of Idea Consult in Ibadan, yesterday. PHOTO: NAN

L-R: Executive Director, Lagos & South-West, First City Monument Bank Limited, Mr. Olufemi Bakre; Group Managing Director/Chief Executive Officer, Mr. Ladi Balogun and Divisional Head, Retail Banking, Mr. Olu Akanmu, at the launch of FCMB’s promo tagged, 30th Anniversary Promo” in Lagos at weekend. PHOTO: BAYOOR EWUOSO

L-R: Executive Director, Editorial Operations, News Agency of Nigeria (NAN), Mr Isaac Ighure; Registrar, Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), Sir Mike Jukwe and Acting Managing Director, NAN, Otunba Jide Adebayo, during Jukwe’s visit to NAN Headquarters in Abuja yesterday. PHOTO: NAN

National News

CBN won’t reduce interest rate for now – Sanusi CONTINUED FROM PAGE 1

the sidelines of the just-concluded World Bank/IMF annual meeting in Washington DC, Sanusi said a reduction in the Monetary Policy Rate, MPR, would result in an inflationary spiral and put pressure on the naira at the foreign exchange market. Acknowledging the agitation for a rate cut to ease borrowing costs within the economy, the CBN governor said that the monetary tightening was the price to pay for financial system stability, which is the core mandate of the apex bank. The retention of the MPR at 12 per cent for almost three years has become a sore point for real sector players who insist that the time was ripe for some monetary easing, now that inflation was in single digit. Sanusi, however, said that it was easy to reduce rate by printing more

money but with inflation under control and the naira holding steady relative to other emerging market currencies, he stressed that there is no reason to consider easing. His words: “We have stability that is very easy to take for granted. In 2009, when I became CBN governor, inflation was 15.6 per cent, the stock market had lost 70 per cent of its value, onethird of the banks were about to collapse. The official exchange rate was N145, at the Bureaux de Change, BDC, it was being sold at N190. It is very easy when you have established stability for people to start screaming that you are holding policy too tight. “You have had a stable exchange rate for two years; we have brought inflation from 15.6 per cent to 8.2 going to below 8 in December. “The stock market

has been up 30 per cent between December and now and people are complaining. You want lower interest rates? Where do you want the naira? 180,190? Where do you want inflation rate? 13, 14 per cent? I can deliver interests rates of seven per cent if you want today; it is just to print money. The Fed (US Central Bank) has delivered zero, it is easy. Print the money, the interest rate crashes, but where do you want your naira? People want a stable exchange rate, they want to have reserves; they want to have low inflation and they want to have low interests rates? I am not a magician.” Sanusi, however, affirmed that when the bank is satisfied that conditions are conducive, it will consider easing, but for now, “it has to keep its eye on the ball.” “If you look at the CBN Act, our objectives are

very clear; we are given responsibility for price stability, for protecting the external value of the naira, which is exchange rate stability, for maintaining the reserves of the country and for financial system stability. We have to keep an eye on the ball. “It is very easy to call the shots from the sidelines. Supposing I decide today to lower the rate of interest, which is print more money, a number of things will happen. Maybe inflation would go up, exchange rate weakens. “Now once the foreign portfolio investor believes the naira is going to be weak and he is therefore going to lose money, remember he bought in dollars, and then you are going to wipe out his profit by basically changing the exchange rate, everybody decides to run out of Nigeria. Then the naira crashes from N160 to N180 or N190 and the

stock market crashes and the people who are holding shares default on their loans and the banks get into problems,” he added. The CBN governor also explained reason for the clampdown on BDC operators and the ban on importation of dollars by banks, pointing out that there were a lot of abuses going on in the system that were hurting national interests. He said some BDC operators in Kano were found to be buying dollars from Nigerian bank and taking the cash to Saudi Arabia to sell. While he pointed out that there was no law limiting the amount of foreign exchange people could take out of Nigeria, those in that trade should buy their dollars elsewhere. He also reacted to complaints by Nigerians in the Diaspora over the new policy that compel

banks to pay Western Union and Monogram cash remitted from abroad to beneficiaries in naira instead of dollars, insisting that this was the standard practice. Sanusi said the CBN had allowed dollar payments because banks had been cheating beneficiaries by offering low rates but that with the current situation, the CBN had decided to review the position. Meanwhile, the CBN governor was named Central Bank Governor of the Year (sub-Saharan Africa) for the third time by Emerging Markets magazine. The award, given at a special ceremony held on Saturday night in Washington DC, is in recognition of the huge progress being made in financial system stability, financial inclusion and the drive towards payment system reforms in Nigeria.


National Mirror www.nationalmirroronline.net

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Monday, October 14, 2013

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Another aircraft develops fault mid-air, makes emergency landing OLUSEGUN KOIKI

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arely 10 days after an air disaster involving an Associated Aviation Limited aircraft occurred at the Murtala Muhammed Airport, MMA, Lagos, another indigenous carrier, IRS, yesterday had an emergency landing at the Kaduna Airport. A source close to the Federal Airports Authority of Nigeria, FAAN, told our correspondent that the aircraft, which departed the MMA2 on Sunday afternoon developed hydraulic problem a few minutes before landing at the airport. The aircraft with the flight number 3390 and with

89 passengers onboard was said to have asked for an emergency landing from the control tower, which was immediately granted. IRS Airlines currently operates one aircraft on all its routes while the remaining aircraft, which have gone for checks since early this year are yet to return to service. Confirming the incident, the Managing Director of the airline, Mr. Yemi Dada, said that the aircraft developed the fault on final approach to Kaduna airport. Dada explained that its cockpit crew got a low hydraulic in System One warning and decided to take precautionary measures to ask for ground confirmation that all gears

were down and locked. He stated that the aircraft landed normally after the control tower had confirmed that the gears were all down. "The crew proceeded to land but followed procedure to disembark on the runway and not taxi in accordance with the procedure. “All passengers disembarked normally and the aircraft was towed to ramp. The maintenance crew is inspecting to confirm the issue that caused the warning to the crew,” Dada said. Meanwhile, experts in the Nigerian aviation industry yesterday assessed the last Friday’s preliminary report released by the Accident Investigation Bureau, AIB, on the crashed

Embraer 120 aircraft belonging to Associated Aviation Services Limited. The aircraft, conveying the remains of the former governor of Ondo State, Chief Segun Agagu, and others crashed 31 seconds after take-off from the runway, killing 15 of the 20 passengers onboard. Thirteen of the passengers onboard died immediately on the spot. Those spoken to by our correspondent described the report as open, but said that there are still several other areas the investigator was yet to unveil to the public on the crash. Speaking on the phone with our correspondent from London, the immediate past Rector of the Ni-

L-R: Chief Judge of Kwara State, Justice Ayinla Bamigbola; Bishop, Cathedral Church of St. Paul, Anglican Diocese of Omu-Aran, Rt. Rev. Phillip Adeyemo and his wife, Elizabeth, at the first session of the Second Synod of the Cathedral Church of St. Paul in Omu-Aran, on Saturday. PHOTO: NAN

2015 presidential ambition splits New PDP, G7 govs CONTINUED FROM PAGE 2

serves as our temporary National Secretariat following the sealing of our National Secretariat by the police. The Government of Adamawa State has not committed any offence by allowing us to use the Lodge as contact office. "Minister Mohammed is usurping powers that do not belong to him. His unjustifiable action is yet another evidence of impunity by some overzealous people in government intent on blackmailing President Goodluck Jonathan and portraying him as draconian and undemocratic President "Such people must be stopped forthwith! We, therefore, appeal to Mr. President not only to call Senator Mohammed to order but also sanction him accordingly for portraying Jonathan’s government as law-

less, evil and anti-people." While also commenting on failed attempt to upstage the Tukur-led National Working Committee, NWC, through their letter to the Independent National Electoral Commission, INEC, seeking for recognition, Eze said: "We are expectedly disappointed but we thank God that the constitution of the Federal Republic of Nigeria Chapter 1V Section 40 recognises our right to associate amongst ourselves. "To say the least, this decision by INEC to recognise Tukur’s faction is unfortunate because INEC is aware of the flawed nature of the last convention where some of the aides of President Jonathan who are not our party’s delegates were allowed to vote. This alone nullifies the outcome of that illegal convention. We need

not say much on this as we are very convinced that the court will give us fair hearing and by that time, INEC will be compelled to recognise us accordingly." The aggrieved PDP members comprising of G7 governors said that it is amused by the news of the setting up of a Disciplinary Committee by the Tukur leadership as such development will definitely put to rest peace efforts being initiated by President Jonathan. The statement further states: "If, as reported in the media, the purpose of the said disciplinary committee led by Alhaji Umaru Dikko is to continue the witch-hunting of the progressive PDP members led by Alhaji Baraje, then there would be no need for further evidence that Tukur and his illegal National Working Committee, NWC,

are indeed not ready for peace. "By reviving the so-called disciplinary committee at a time when the party leader, His Excellency, President Goodluck Jonathan, is busy holding peace meetings with the Baraje-led PDP shows that he is working at cross purposes with Mr. President. To call a spade a spade, it is tantamount to anti-party activities and exposes Tukur’s hypocrisy and vindicates our stand that he is an obstacle to peace in our great party." The group also said that Tukur should first be made to face the disciplinary committee "for usurping the office of the National Chairman of our party even when he is not legally a member of the party as he did not revalidate his membership of the party during the 2011 revalidation exercise.

gerian College of Aviation Technology, NCAT, Zaria, Capt. Adebayo Araba, said that the report did not indict any organisation in the sector, but noted that AIB did not tell the public some salient points concerning the status of the aircraft. Araba added that AIB in its preliminary report was silent on the last time the plane flew before it crashed on October 3, 2013. Also, he queried the certificate of airworthiness of the aircraft, stressing that the public would like to know the exact period this was last issued by the Nigerian Civil Aviation Authority, NCAA. He said: “There are some salient points AIB has not told the public. Although, the report was open and it did not indict anybody, but their report did not tell us the status of the aircraft; when was the last time it flew before the crash? The certificate of airworthiness, when was the last time it was issued and the one that expired, when did it expire? “Also, when was the last time the maintenance of the aircraft was done by the airline operator and where was it done? Were the crew current on the plane? When was the last recurrent training the crew had on the plane? AIB as an investigator in the sector should put their searchlight in these areas and tell us more about these. These are salient points that will tell the public about the true picture of the plane.” Also, in a bid for the Nigerian aviation industry to record high safety records in the global aviation industry, an industry expert has called for the reassessment of the non-punitive reporting system, which makes reporting of snags or incident in aircraft easier. The Head, Zenith Travels, Mr. Olumide Ohunayo, made this suggestion yesterday in an interview with National Mirror in Lagos. He said that the taking over of accident investigation by the National Assembly would make objective reporting unachievable and ridicule the country’s aviation sector, adding that non-punitive reporting system was the norm in the global aviation industry. He also criticised those

who looked for scapegoat during a major incident or accident in the sector, stressing that this would not move the industry forward. He said: “To the whistle blowers that wait for a crash before blowing the whistle, they should bow their heads in shame; such whistles are destructive and usually targeted at bringing down personalities rather than saving lives, improving the system and its processes. “It happened after the Dana crash and it’s happening again with the usual panicky suspension of operational certificate, rash public hearing and removal of office holders. Thereafter we go back to status quo.” Besides, in a bid to save the country from ridicule, he advised other aviation agencies to desist from making further comments on the crash, saying that at this period, only the Accident Investigation Bureau, AIB, should be heard making comments on the crash. “Please let us hear from AIB only at this hour, it’s not a time to flag our ratings or certifications neither are we interested in achievements and garlands gathered. We are supposed to be mourning our clients whose remains are still in the morgue awaiting identification and burial. The AIB, should upgrade from its timidity and boldly address and update us regularly not by press releases but facing the camera and taking questions. AIB in a preliminary report by its Commissioner, Capt. Muktar Usman, had last Friday in Abuja indicated that pilot error might have been the probable cause of the crash, but the bureau said it was yet to conclude investigations on the crash. AIB in its report of the accident said that investigations revealed that the aircraft was already faulty before the cockpit crew decided to embark on the journey. But the captain in command, Capt. Abdulraham Yakubu insisted that the crew must continue with the journey even when the co-pilot suggested that the flight should be aborted. The aircraft crashed exactly 31 seconds after takeoff from the runway.


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National News

Monday, October 14, 2013

Reps probe Presidency over N8trn service-wide votes TORDUE SALEM ABUJA

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ublic Accounts Committee of the House of Representatives would, this week, investigate disbursement and expenditure of service-wide votes from 2008 - 2013 to agencies under the Presidency by the Budget Office. The service-wide votes usually take 40 per cent of every budget. The budgets of 2008 under the late President Umaru Musa Yar’Adua to President Goodluck Jonathan, were

pegged at over N4 trillion, making the percentage of service-wide votes at approximately N1.6 trillion or thereabout. The Chairman of the Public Accounts Committee, Hon. Adeola Solomon Olamilekan (APC/Alimosho-Lagos), disclosed the decision of the committee to make the enquiry at the weekend. The lawmaker said it had become imperative to find out how the funds which he described as “loose funds” for the executive’s utilisation were disbursed and

utilised. Olamilekan said the committee was surprised that despite the abundance of these loose monies extracted from every budget every year, the AuditorGeneral’s Office was still lacking enough funds to audit government accounts. He said: “We are going to investigate the Budget Office on service-wide votes for five years, especially the year 2011. How much was spent, how much was the expenditure for that year and all these years? “Forty per cent of the

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Our lives in danger, ASUU leaders cry out KEMI OLAITAN IBADAN

nation’s budgets which amounted to about N1.6 trillion went for service-wide votes, and nothing went to the Auditor-General of the Federation. Rather, the Budget Office has been paying hired auditors to audit the service-wide vote accounts.” The PAC chairman said the members, after an exhaustive discussion on the SWV accounts, thought the nation was being shortchanged pilfered by the Budget Office, hence the need for queries to be raised by the committee.

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he leadership of the Academic Staff Union of Universities, ASUU, yesterday alleged threat to their lives. The Chairman of the University of Ibadan chapter, Dr. Olusegun Ajiboye, said in a statement entitled; “ASUU Strike: Union leaders go underground,” said he had received some calls warning him about his roles in the ongoing strike embarked upon by the lecturers. Ajiboye disclosed that the leadership of the union had been under the siege of security agencies nationwide. It was learnt that security agencies are also beaming searchlights on the sources of finance of members of the union nationwide despite the stoppage of their salaries by the Federal Government. While calling on the Inspector General of Police,

Mohammed Abubakar, to save the lives of ASUU leaders nationwide, Ajiboye, however, said no amount of threat or clampdown on the union would make the university teachers back down from the strike until the government saved public education from collapse. The union leader said this recent security threat had forced many ASUU leaders to go underground, adding that many of their phone numbers had been bugged. He said: “Apart from the issue of finance, ASUU leaders are now being trailed all over the place. Majority of the union leaders have now gone underground while many have their telephone lines bugged. Some are now living in fear of their lives.” The union leader, who said ASUU members were not security threat to the country, added that as a democratic nation, citizens were guaranteed freedom of association.

FG orders CBN, NDIC to take over NERFUND TOLA AKINMUTIMI ABUJA

T L-R: Permanent Secretary, Federal Capital Territory Administration, Mr. John Chukwu; Minister of State for FCT, Chief Olajumoke Akinjide and Managing Director, Bank of Agriculture, Dr. Mohammed Santuraki, during a meeting with the minister in Abuja, at the weekend. PHOTO: ROTIMI OSASONA

Confab: Jonathan’s motives suspect, Tinubu insists FELIX NWANERI

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eader of the All Progressives Congress, APC, Asiwaju Bola Tinubu, yesterday provided more insight on why he is opposed to the proposed national conference. The former Lagos State governor said the Federal Government must answer some fundamental questions about the timing, sincerity as well as the capability and credibility of President Goodluck Jonathan to deliver a genuine national conference. Proponents of the national conference have continued to challenge Tinubu’s comments and rejection of the conference on the ground that it was a ‘Greek’ gift and public deception by the President. But Tinubu, who dis-

closed that he was a supporter of a Sovereign National Conference, said in a statement that he was weary of a rushed embrace, adding that it was calculated to enhance Jonathan’s re-election bid in 2015. He said: “Though I remain an unrepentant supporter of a genuinely Sovereign National Conference. I am suspicious of this present concoction because it is half-baked and fully deceptive. “Government’s sincerity is questionable, the timing is also suspect. Now that this government is sinking in a pool of political and economic hot water of its own making, it seizes hold of the national conference idea as if it were a life jacket.” Tinubu added that he simply exercised his right as a citizen.

He said: “I will not take anything I have said back on the proposed national dialogue by this present administration. I say beware of the Greek gift; let us first of all ask a series of questions. “The core question to ask is how credible, reliable and capable is the current President to be able to midwife a critical conference such as this? Will this President be sincere enough to let all the issues that are on the agenda be exhaustively discussed at the conference? Will this President have the guts to implement fully all final resolutions of the conference without fear or favour or any pandering?” The APC leader expressed the fear that the country was about to embark on another futile exercise, arguing that “until some two to three months

back, our demands for a sovereign national conference found little sympathy in the executive and legislative branches of government, until some three weeks ago when Senate President David Mark issued a qualified endorsement. “Then, in his National Day broadcast, President Goodluck Jonathan announced to everyone’s surprise that the Federal Government would indeed sponsor National Conference, at which Nigeria’s ethnic nationalists would discuss and negotiate the terms of continued association. “Within days, Jonathan named a chairman and members of a committee to advise on modalities for staging the conference and submit a report within one month.”

he Federal Government yesterday directed the Central Bank of Nigeria, CBN, and the Nigerian Deposit Insurance Corporation, NDIC, to immediately take over control of the National Economic Reconstruction Fund, NERFUND. President Goodluck Jonathan was said to have approved the take over NERFUND following inability of the managers to ensure prudent management of its allocated resources over the years and for also plunging the agency into debt crisis. The presidential order was sequel to the fund’s accumulation of N5.7 billion gross losses and default in its repayment obligations on loans advanced to it by lending institutions to bail them out of operational comatose. Permanent Secretary, Ministry of Finance, Mrs. Anastasia Nwaobia, said in a statement that the decision to take over the management and control of the fund followed Jonathan’s approval of the recommendations of the CBN and NDIC Joint Special Examination report on the books

and affairs of NERFUND. According to the report, the capital invested in the institution by the Ministry of Finance had been completely eroded with gross losses which stood at N5.7 billion. NERFUND, the report added, had not been able to service loans taken for onlending from the African Development Bank, ADB, the Ministry of Finance and other sources. As a strategic step towards reviving the agency, a new management team appointed by the Ministry of Finance is headed by Mr. Muhammad Gidado Kollere of the NDIC who will serve as Managing Director/CEO and Mr. Ihua Elenwor of the CBN as Executive Director (Operations). The team, which is to oversee the affairs of the institution for an initial period of one year, is also mandated to, among other things, mount an aggressive recovery of all outstanding loans, overhaul NERFUND’s records, reconcile all accounts with correspondent banks and render quarterly report to the Board of the fund, headed by the permanent secretary, Federal Ministry of Finance.


National Mirror www.nationalmirroronline.net

Monday, October 14, 2013

FG intensifies moves to recover N40.2bn Abacha loot AYO OLESIN

WASHINGTON, DC

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he Federal Government has intensified efforts to recover about 185 million euro stashed in Liechtenstein banks by late military dictator, General Sani Abacha. The government has been trying to recover the fund in the last 14 years but the beneficiaries have been using legal tactics to frustrate that effort, according to the Minister of Finance, Dr Ngozi Okonjo-Iweala. Briefing journalists yesterday on the sidelines of the just concluded World Bank/IMF Annual Meetings in Washington DC, United States, the minister said the money was discovered during the tenure of President Olusegun Obasanjo and government had taken several steps to ensure it was returned. She said: “We have been pursuing this money in Liechtenstein. This is part of the legacy of the Abacha money that was taken out of the country. “There have been several steps taken to recover it. We had a lawyer who has been working on this case, like several other cases, of lost Abacha money. The essence is that we identified this money in Liechtenstein, totalling 185 million euro

through our lawyer in Switzerland. “We first started the search under the Obasanjo administration, which was continued under the President Goodluck Jonathan administration. We have been pursuing it in the past few years with the same lawyer. The Attorney-General of the Federation has been working on this. “There are several legal steps and challenges that have been thrown in the way of returning this money in the Liechtenstein courts. The money was transferred through some Shell companies, which were opened up in Liechtenstein and the money was transferred into Liechtenstein banks, but the beneficiary was Abacha.” Okonjo-Iweala, however, said that the beneficiaries had thrown all sorts of legal obstacles to block the recovery, even after the courts in Liechtenstein had ruled that Nigeria should get the money back. The minister said the beneficiaries’ lawyer had taken the case to the European Court for Human Rights, saying that the Liechtenstein government has violated their human rights by allowing this money to be taken away. The minster, who dismissed the claim as frivo-

lous, however, pointed out that the matter will be delayed for another two or three years, while the Liechtenstein government will continue to benefit by investing the money. She said that the Federal Government had even agreed to indemnify the banks in case it was fined as a result of the case, but they have now reneged on the agreement. “We signed an indemnity, I signed it, with approval from Mr. President, and after receiving it, they now turned and said no, insisting that they need a thirdparty guarantee, a bank in another country, a third party country to guarantee them, but this is not acceptable, what would you need a third party guarantee for? “The money belongs to our country and we will fight to get our money back, that is what we are doing, we are doing it from several ways, we have said to them that if they have a problem on how the money will be used, we said we will apply it the same way when the Swiss government returned $500 million equivalent to us. We had the World Bank work with us with both Nigeria and Swiss non-governmental organisations (NGOs) monitoring its implementation,” she said.

Business confidence drops by 6.4% in fourth quarter –Report JOHNSON OKANLAWON

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usiness leaders are likely going to be softer towards expanding their investments in the country this quarter, as the aggregate Business Confidence Index (BCI) dropped by 6.4 per cent to 17.6 per cent, from 24 per cent it posted in the third quarter. The index had maintained a steady improvement over the first three quarters of the year with 10.5 per cent in first quarter, 16.5 per cent in second quarter and 24 per cent in third quarter. According to a report from the Lagos Chamber of Commerce and Industry (LCCI), factors such as poor access to credit, challenging security situation, dwindling public power supply and the increasing spate of non-performing trade cred-

it, largely contributed to the depressed index score. The report noted that the drop was witnessed across all sectors and regions in the country, manufacturing sector remains the most troubled sector as evidenced by the negative confidence of the industry operators. “We are mostly worried by the negative (-2 per cent) confidence level reported by operators in the manufacturing sector at this time. Over the last one year, the manufacturing sector has consistently remained at the bottom of BCI league table by trending between negative and neutral confidence levels,” the report said. Specifically, it said the most disturbing factors being the influx of imported and substandard products, poor access to credit, high cost of doing business and inhibitive

activities of government regulatory/monitoring agencies. Others are the ongoing systemic challenge in the Discount Houses, the prolonged consideration of the Petroleum Industry Bill (PIB) and the newly introduced 50 per cent Cash Reserved Ratio (CRR) on public sector deposits by the Central Bank of Nigeria (CBN), may have triggered some level of uncertainty in the finance and oil and gas sectors. “Notwithstanding, the final take-over of the nation’s power companies by the new private owners is succour to our yearnings for improved power supply. “We look to see how the end of year festivities, increase political activities and sustained tightening by the monetary authorities will impact business confidence in first quarter of 2014,” the report stated.

Politics

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Osun: Scrap education policy or face suit –Catholic Church •Christians are inconsiderate –Muslim group

ADEOLU ADEYEMO OSOGBO

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atholic Dioceses of Osogbo and Ibadan yesterday joined Osun State Baptist Conference to protest the merging of their schools with public ones and inclusion of Ifa divination materials in the newly introduced tablet of knowledge (Opon Imo) by Governor Rauf Aregbesola. The church also threatened legal action if the government failed to withdraw the “obnoxious” policy. Members of the Catholic Church said they would do everything possible to fight the “unpopular and inhuman educational policy” introduced by Aregbesola administration in Osun State. In a statement made available to journalists in Oshogbo under the aegis of the Catholic Media Practitioners, CAMP, and signed by its Public Relations Officer, Mr. Richard Adesida, the church also asked the governor to withdraw all

tablets containing Ifa divination materials from Catholic schools in the state. Adesida, who said if the state government refused to comply with the requests, the church would call for the withdrawal of all Christian students from the state public schools, added that introduction of Ifa divination material was idolatry and it was against Christians’ faith. He said: “The abnormal merging of Catholic schools is unacceptable to the church and it is out of the structures and principles upon which the schools were originally established. “Schools established by various religious groups and denominations had a purpose and tenets upon which the schools were established. “Merging of Saint Charles Grammar School, Osogbo, St. John Grammar School, Ile-Ife and some other schools belonging to the church in Iwo, Ikire, Ilesa and some other

towns which were primarily boys’ colleges, but now bastardised to be mixed schools (is condemnable). “We condemn in strong terms, the merging of our schools in Osun State with some other schools as a result of the obnoxious educational policy of the state government. “We are particularly sad that schools like St. Charles Grammar School, Osogbo and St. John Grammar School, Ile – Ife which were boys’ school now joined together with female schools. “These are schools that have produced professors, engineers, medical doctors, media gurus and other are successful political leaders in the country. “We are indeed sad that the governor had upturned educational policy in the state. Educational policy belongs to the Federal Government, while the implementation vested on the state and local governments. “The educational structure in Nigeria is 6 – 3 – 3 not

4 – 3 – 3. Where in Nigeria do we have this abnormal school policy of elementary, middle and high school? “What the state government should do is to employ qualified teachers in the schools and provide for pedagogical facilities instead of making lip services and unnecessary propaganda on the education of the state.” However, the Joint Muslims Action Forum, JOMAF, an umbrella body for all Islamic groups in Osun State, yesterday condemned Christians for criticising Aregbesola’s education policy on merger of schools. The forum, in a statement signed its Coordinator, Alhaji Kola Uzamat, and Secretary, Mr. Qaasim Odedeji, in Osogbo, also chided the Christians for saying that hijab should not be used in their schools. It said hijab was a constitutional right of every Muslim female student in all public schools in the state, adding that no amount

of protest or propaganda would be allowed to deny that right since the public schools were funded with tax-payers’ money. The statement reads in part: “The protesters claimed that the merger of schools would obliterate the Baptist heritage and that they cannot allow female Muslim students to wear hijab in the school established by Christian missionaries. “We would have expected that in an orderly state like Osun, the aggrieved would have availed themselves with the services of existing official institutions and channels to air their grievances rather than embarking on such unwarranted protest. “The protest was in bad faith and a deliberate act of sabotage and mischief in the name of missionary driven education. JOMAF faulted the protesters’ unwillingness to allow female Muslim students with hijab in the public schools.” Meanwhile, the Old Students’ Association of Baptist High School, BHS, Iwo, has asked Aregbesola to thread softly to avoid un-

necessary imbroglio. The association said any sustainable policy should not engender acrimony as the current education policy in the state had generated. The association also urged the governor to have a rethink since it had now shown that lack of public debate before the policy was finally made had made it unpopular. Its National President, an Associate Professor of Education at the University of Ibadan, Oyesoji Aremu, made the call while addressing journalists in his Ibadan office at the weekend. Aremu expressed the association’s support for the new policy provided it would enhance education in the state and would not in any way put avoidable burden on the parents. He said the peculiarities of schools including the culture, tradition and orientation must not be jettisoned. For instance, Aremu said the idea of wearing hijab to BHS by some students which caused commotion was not well thought.

Give us new Oluwo, Iwo indigenes tell kingmakers, govt ADEOLU ADEYEMO OSOGBO

I L-R: Ekiti State Governor, Kayode Fayemi; his wife, Bisi and Rivers State Governor, Rotimi Amaechi, during a thanksgiving service at the Cathedral Church of Emmanuel for the 50th birthday of Fayemi’s wife in Ado-Ekiti, at the weekend.

Attack on Fashola over tobacco investment unwarranted –Group ADEDEJI ADEMIGBUJI

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he Consumer Rights Advocacy Network of Nigeria, CRANN, has condemned the media war against the Lagos State Governor, Babatunde Fashola, by anti-tobacco groups in the country over the recent visit by the management of British American Tobacco, BATN, to the Government House in Alausa. The CRANN Coordinator, Mr. Shina Loremikan, described the outcry by the anti-tobacco groups against BATN visit to the governor as unwarranted and uncalled for.

Loremikan also urged both the Lagos State Government and the Federal Government to carefully consider legislations on sensitive industries like tobacco, oil and sugar such that it won’t be counterproductive and injurious to the health and interests of consumers on the short and long run. He said: “The recent call by a group asking the Governor of Lagos State, Babatunde Raji Fashola, to reject the tobacco company’s investment in the state is misguided and inappropriate. And also asking the governor to apologise to Nigerians for hosting the

management of a company legally registered in the country, and operating in a legal industry as a legal corporate citizen is highly unfortunate. “While we all perfectly understand the need to regulate the tobacco industry, it is also well known and accepted that the industry is a legal one; hence asking a company not to interact with government and its agencies is rather presumptuous and smacks of needless grandstanding. This will not in any way impact the drive to reduce tobacco consumption.” Loremikan added that

beyond emotions, CRANN believed that any attack on the regulated tobacco industry would only encourage smuggling of illicit tobacco, which would be far more injurious to public health. He called on anti-tobacco groups to rather evolve strategies of educating consumers of tobacco about the lifestyle choices they were making, instead of attacking the efforts of “a hardworking governor to provide more opportunities for employment creation and income generation in the over-laden urban space that Lagos State has become”.

ndigenes yesterday staged a peaceful demonstration round Iwo in Osun State to protest the lukewarm attitude of the state government and the kingmakers in giving them a new monarch to replace the Oluwo of Iwo, Oba Ashiru Tadese, who died late last year. The people, who organised themselves in a group as early as 9am, went round the town in mini-buses, carrying placards with different inscriptions to appeal to the concerned authorities to act fast on the matter. The protesters said they were unhappy with the slow process of picking a new Oluwo since the demised of the former monarch. The people, under the aegis of Iwo Patriotic Forum, IPF, appealed to the government and those concerned in the selection of Oluwo to expedite action on it. The protesters, however, moved from one kingmak-

er’s house to the other to appeal to them to speed up the selection process. One of the prominent chiefs visited was the Ekeerin of Iwoland, Bayo Aremu, who appealed to the people to be patient and assured them that soon, the town would have a credible and dependable monarch. He said traditional chives, the state government and the kingmakers were working round the clock to install a new Oluwo. Speaking with journalists, the IPF Public Relations Officer, Mr. Dele Morakinyo, listed the qualities a new Oluwo must have. He said: “At this present age, Iwo needs a dynamic, brilliant, innovative, experienced, astute scholar, educated and seasoned community leader with proven records of global recognition and respect for traditional institution who can attract the much needed economic, industrial, educational, social and infrastructural development as the next king of the town.”


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Lagos braces up for flood rescue operations MURITALA AYINLA

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ollowing the recent boat mishaps in some parts of the country, the Lagos State government, at the weekend, assured residents of the state that it will take practical steps to avert such incidents. The state government also said that it has intensified training for its personnel involved in emergency services, especially on

the use of newly acquired equipment in order to rescue victims of boat mishaps and flood disasters. State governor, Babatunde Fashola, had earlier purchased life raft boats and other rescue equipment for rescue operations during flood disasters and others like boat mishaps in the state. Hence, the commencement of periodic orientation and training for emergency stakeholders on new ways of averting or minimising losses during

such disasters. Speaking during the simulation exercise by the Lagos State Emergency Management Agency (LASEMA), the Navy Merchant and Nigerian Security and Civil Defence Corps (NSCDC), the state Commissioner for Special Duties, Dr Wale Ahmed, said the periodic simulation was necessary in order to prepare for disasters relating to water or flooding. He said: “The importance of this is to get ready

and prepare for all eventualities. All sorts of emergency situations could arise in our geographical location. “The fact that we an aquatic state, flooding is a major disaster that is likely to occur and you may have a situation whereby flood water may be like a flowing river. Therefore, we should be able to rescue people using inflatable boat. “Governor Fashola has procured these boats for the Lagos State Emergency

Management Agency, so it is necessary for us to frequently practice how to use them. That is what we call simulation exercise. We are just trying to simulate the real life situation.” He added that the exercise will assist the rescuers to know what to do and which role to play during emergency situations, adding that the state government will not wait till the incident happens before deciding what to do. On his part, the General Manager of the Lagos State Emergency Management Agency, Dr Femi OkeOsanyintolu said the personnel are trained on how to rescue and resuscitate drowned victims. He said: “You can see that we are working with

LASEMBUS, the Navy Merchant and Nigerian Security and Civil Defence Corps and the Lagos State Fire Service. All these are done to improve and intensify our response time to emergency situations. “Continuous practice of what to do during emergency situations will definitely make us perfect during real life situations. You will recall that boats capsized in some states recently, and remember that Lagos State is a coastal state, we are trying to fine-tune the way we work with our local divers. “The government search and rescue team is in partnership with the officers of the Nigerian Merchant Navy to rescue residents whenever such disaster occurs in the state.”

Customs destroys N37m frozen turkey, chicken KEMI OLAITAN IBADAN

T L-R: Chairman of Skye Bank Plc; Mr. Tunde Ayeni; Oyo State Governor, Abiola Ajimobi and another official of the bank, Mr. Nosa Okunboh, during the bank’s official visit to the governor in Ibadan, at the weekend.

SDP set to spring surprises in Ekiti guber race ABIODUN NEJO ADO EKITI

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he leadership of the Social Democratic Party (SDP) in Ekiti State yesterday said it has repositioned the party to spring surprises in the 2014 gubernatorial election in the state. The party said it has done this through aggressive membership drive and transformation initiatives that will see the party coming out top in the election. State SDP Chairman, Mr. Ayo Adekola, who said his party should not be dismissed as an underdog in the race, said its programmes and policies, the interest in the people’s wishes and the party’s choice of candidate, has made the party a viable alternative to the ruling All Progressives’ Congress (APC) in the state. Adekola told journalists in Ado Ekiti, at the weekend, that the SDP governorship candidate would be picked from the southern senatorial district of

the state in line with the popular wish that the region, which had been deprived of the exalted seat, should produce the next governor of the state. He said: “Our party believes in fairness and justice. And since the majority of our people in Ekiti are expecting the next governor of the state to come from the south, we have no other option than to listen to the yearnings of the people.” The SDP boss, who said his party supported council autonomy, decried “the unenviable status of the councils in the state,” saying his party in government would ensure that all the funds allocated to the local governments from the Federation Account would be released without tampering with such. Adekola, who said qualitative education would be the watchword of an SDP government, promised 30 per cent reduction in the state governmentowned tertiary institutions’ tuition fees to make

education more affordable, adding that it would also implement the 27.5 per cent Teachers Peculiarity Allowance (TPA) as against the 16 per cent obtainable at present. According to him, amidst plans to reduce poverty and empower the people of the state, “local contractors would be patronised without discrimination in the award

of contracts,” while the beneficiaries of the social welfare scheme would go home with better packages monthly. The SDP chieftain promised that his party would better the lives of the youths through training and re-training of over 3, 500 youths in professional skills to make them selfsufficient and employers of labour.

he Oyo-Osun Command of the Nigeria Customs Service, at the weekend, destroyed frozen turkey and chicken worth over N37 million at the Arapaja Village dump site in Ibadan. The frozen foods were first buried after which a bulldozer marched on it to perfect the destruction. Area Controller of the Command, Mr. Richard Oteri, while briefing journalists at the dump site, said the frozen foods were seized last Thursday by a team of Customs Scrap Force led by DLC Alajogun at Ilugun area along old Eruwa Road after intelligence gathering by the command. Oteri, who was represented by the Deputy Con-

troller Administration, Mr. Usman Buba, also said other items seized with the goods were eight vehicles used in conveying the frozen turkey and chicken. He said; “A total of 5, 390 cartons conveyed in eight vehicles were seized by the officers. The vehicles are now at the headquarters of the command.” He said importation of poultry products and other forms of smuggling are dangerous to the country’s economy while emphasising that the command had several times warned members of the public to stop the consumption of frozen foods. “The way the poultry products were prepared, the method of conveyance and the preservation, which nobody can determine, make it injurious for human consumption.”

Ooni, TUC endorse Aregbesola for second term ADEOLU ADEYEMO OSOGBO

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he Chairman of the Osun State Council of Obas, the Ooni of Ife, Oba Okunade Sijuwade, at the weekend, endorsed Governor Rauf Aregbesola for a second term in office, describing him and his achievements as pacesetting and encouraging. Also, at the weekend, workers under the auspices of the Trade Union Congress (TUC) in the state endorsed the governor for another term in office, de-

scribing him as a leader of leaders, whose performances and achievements cannot be wiped off in the minds of progressive minded people. The Ooni, who gave his nod for the governor’s second term when he paid him a courtesy call in his palace in Ile-ife, remarked that he merits a second term in office considering his lofty achievements in the last three years. According to him; “His open endorsement was premised on the developmental projects executed

by the Aregbesola administration in the state since year 2010.” Also speaking, the state Chairman of the TUC, Comrade Francis Adetunji said; “There has not been a Governor in Osun State, who demonstrated as much love for workers in the state as Aregbesola has done. “Workers in the state had never had it so good. We are grateful to the governor and he can count on our support. We shall support him to lead the state for another term.” However, the state chap-

ter of the All Progressives Congress (APC), in a release, described the open endorsement of Governor Aregbesola for a second term in office by the Ooni as a good omen and a confirmation of the peoples’ attestation of the governor’s lofty achievements. APC’s Director of Publicity, Research and Strategy in the state, Mr. Kunle Oyatomi said; “For the Ooni of Ife to have endorsed Aregbesola for a second term in office shows that the gods and the people have spoken.”


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Orji stops Okorocha from launching APC in Abia CHRIS NJOKU OWERRI

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overnor Rochas Okorocha of Imo State was, at the weekend, prevented from launching the Abia State chapter of the All Progressives Congress (APC). The event, which was scheduled to take place at the Abia State Polytechnic ground in Aba, was stopped by security officials allegedly sent by the Abia State Governor, Chief Theodore Orji. It was learnt that the security operatives disrupted the ceremony organised by some clerics under the platform of Nigeria Rescue Missionaries and confiscated all the materials used to decorate the venue. Abia State Government sources, however, told National Mirror that the organisers of the event “breached security protocol” by not informing both Abia State Polytechnic authorities and security agencies ahead of the event. But the organisers of the ceremony claimed that both the polytechnic authorities

and security agencies were communicated ahead of the ceremony. It was gathered that the organisers, through its national chairman, Pastor C.D Jacobs, on October 8, 2013 wrote to Abia State Director of State Security Services (SSS), Commissioner of Police and Commandant of the Nigerian Civil Defence and Security Corps (NCDSC) of the group’s intention to organise the programme. “The security agencies acknowledged receiving the correspondences on October 10, 2013. Also on October 9, 2013, the management of Abia State Polytechnic, in a correspondence signed by one Fijo Kalu O(Jnr), Director CSS Department, duly conveyed approval of the institution allowing the group to make use of its facility following earlier application by the Abia State chapter chairman, Rev. Greg Nwokorie. “They also paid to the institution N150,000 same October 9, 2013.The management of Abia State Polytechnic, via its official revenue receipt No A285882 and through its Head CSS unit,

duly received N150,000 from Nigeria Rescue Missionaries as payment for the use of its facility(Pavilion) on Saturday October 12, 2013,” the source said. One of the organisers, Pastor (Mrs.) Henrietta Jacobs, said that it beat her imagination that a church event organised for well being of all Nigerians was abruptly stopped by security men. A group known as South-

East Progressives Assembly (SEPA), however, berated Governor Orji for stopping a ceremony expected to have hosted his Imo state counterpart in Aba. In a statement made available to journalists, the group’s president, Hon. Ebere Uzoukwa, branded Orji anti-Igbo, accusing him of implementing policies aimed at promoting disunity in the South-East. The group maintained

that contrary to the claim by Orji and his government, “the Nigeria Rescue Missionaries carefully fulfilled every legitimate and laid down procedure needed to hold such event, including getting approval and paying for the venue as well as notifying the relevant security agencies in the state.” SEPA added that the ceremony was not organised to celebrate Okorocha’s birth-

day as erroneously claimed by Orji and his government, but to inaugurate the national body of Nigeria Rescue Missionaries to pave the way for its National Leadership Agenda Forum. The group, however, demanded apology from Orji within seven days and adequate compensation for the organisers of the event by the management of Abia State Polytechnic or face a legal action.

Eze Ndi Igbo of Abuja, Chief Ibe Nwosu (left) and President-General, Anambra Towns People Association, Chief Emeka Mbagha, at the 2013 Anambra Day celebration in Abuja, at the weekend. PHOTO: NAN

LG boss promises travellers FRSC initiates move to reduce crashes in ‘embers months’ adequate security in Ebonyi ALIUNA GODWIN EBONYIA

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hairman of Ishielu Local Government Area of Ebonyi State, Deacon Obinna Nwachukwu, has promised to ensure adequate protection of lives and property of travellers plying AbakalikiEnugu Road. Nwachukwu spoke following the earlier threat to lives and stealing travelers’ belongings by hoodlums on the road. Addressing journalists in Abakaliki, the state capital, the chairman said that provision of adequate security to the people would be his major priority. He said: “I am grateful to the people of Ishielu Local Government Area for electing me. The most difficult thing is to contest election for the second tenure because no matter how you think that you have tried, you must have offended people. Human wants is insatiable and the resources is very scarce, but you cannot please everybody at a time. “I thank God even after

the first tenure that Ishielu people still believe that we can do more. I assure that by God grace, I will not disappoint them. “Security is very important in Ishielu Local Government Area and as such, my major focus is to ensure that lives and property of people, including the travelers are protected. We are aware of the fact that Ishielu is the gate way to Ebonyi State. “Whatever impression people hold about ishielu Local Government translates to the state. We will do anything possible to maintain peace in the council. The local government boss also promised to provide more dividends of democracy to the people. He added that he would tackle poverty and other social challenges that spur people, especially youths into crimes. Flaying the poor healthcare service delivery to people living in the most remote areas of the local government, the chairman promised to tackle the menace.

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he Federal Roads Safety Corps (FRSC) in Ebonyi State says it has begun aggressive “ember month” campaign and enlightenment for motorists to reduce road crashes. The Sector Commander, Mr Taiwo Eseyin, told the News Agency of Nigeria (NAN) yesterday in Abakaliki that the campaign became imperative following rise in road accidents in the last four months of the year. NAN reports that the FRSC usually set aside September, October, November and December for national campaigns on safety on

the roads. It is a period of hustle and bustle with commercial vehicle drivers shuttling day and night to commute passengers. Eseyin said the campaign involved comprehensive checks on vehicles, educating the motorists on speed limits, safety and maintenance of the vehicles to make them road worthy. The FRSC official said erring drivers were also being prosecuted during the period to serve as deterrent to others. “Vehicular traffic normally increases within this period as most commercial vehicle drivers want to

make more money and the rush leads to accidents. “The drivers also exceed speed limits during this period; we will increase our enlightenment campaign for drivers to observe the speed limit to avoid carnage on our roads. “The corps is prosecuting those who violate road regulations,” he said. According to Eseyin, non-use of seat belts, making and answering phone calls while driving are also punishable traffic offences which attract fines. “We will deploy a great number of officers on major roads across the state to monitor the activities of

drivers and ensure that the roads are safe. “We will carry out intensive campaigns at motor parks across the state to enlighten drivers on the need to observe road signs. “We will also liaise with motor park officials to ban the sale of alcohol to prevent drivers from driving under the influence of alcohol,” he said. Eseyin noted that the Week 39 Road Safety Accident Report released recently indicated that Ebonyi was on the average compared to Kano, Plateau states and Abuja which had higher road crashes.

Motherless home proprietress lauds Army’s gesture

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proprietress of Motherless Babies Home in AnambraEast Local Government Area, Mrs. Veronica Okechukwu, yesterday praised the Nigerian Army for supporting the less-privileged. She spoke when officers from 302 Artillery Regiment inOnitsha made a surprise visit to the motherless home with gift items and an undisclosed amount

of money. Okechukwu said the 20-year-old home was receiving such a team from the army for the first time and the children were excited to see them. “We are overwhelmed with joy as well as surprised to have you all visit us and share what you have with us. “Your visit shows that there is a shift within the

army and I pray that the good Lord will transform the entire army, your individual homes and Nigeria for the better. “If all in the country especially those in authority show some concern for the less-privileged as the Nigerian Army has done today; I think the issue of lack will be eliminated,’’ she said. Earlier, Commander of the 302 Artillery Regiment,

Col. Taritimiye Gagariga, said the gesture was in line with the Chief of Army Staff ’s vision to transform the army to one that was ready to meet contemporary challenges. “This is just one way of showing care to the civil populace and building cordial civil-military relations,’’ Gagariga, who was represented by Capt. Suobor Beke, said.


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NDLEA arrests female drug baron, others in A’Ibom TONY ANICHEBE UYO

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notorious drug baron identified as Helen Okon Edem, has been arrested by the operatives of the National Drug Law Enforcement Agency (NDLEA) in Akwa Ibom State for alleged trafficking in illicit drugs. A statement signed by the Principal Staff Officer, Media, of the NDLEA, Mrs. Akintayo Toyin and made available to journalists yesterday in Uyo, said Helen was arrested on September 13, 2013. Her arrest was sequel to the arrest of two male suspects, Bright Akanimo Usanga and Akan Edet Ekpenyong, by the police on September 11, 2013 with substances suspected to be cocaine and heroin, weighing 13.1grammes and

53.6grammes respectively. The statement said when Usanga and Ekpenyong were handed over to the police; one of them confessed that Helen was the owner of the drugs. The statement also said that Helen Okon Edem and her sister, Beauty Okon Edem, have been previously convicted in the High Court of Uyo on July 27, 2007 for hard drug trafficking and sentenced to one-year imprisonment each. “On May 15, 2012, Beauty, Helen and one Rose Morris Effiong, were arrested and charged to the Federal High Court, Uyo on a threecount charge of dealing in cocaine and heroin. “On March 5, 2013; Beauty was arrested again by NDLEA operatives and was charged to court for being in possession of cocaine and cannabis sativa.

“She was standing trial on the second charge at the Federal High Court, Uyo while on bail. As investigation has been completed, they will be charged to court accordingly. As at present both Helen and Beauty have two outstanding cases against them,” the statement added. Meanwhile, no fewer than 72 suspected illicit drugs dealers have been arrested in Uyo, Akwa Ibom State by the National Drug Law Enforcement Agency between July and September this year, being the third quarter of the year. A summary of the arrests and seizures, however, showed that Helen and her accomplice were among the 72 suspects comprising 60 males and 12 females arrested by the command between July and September being the third quarter of 2013.

According to the breakdown, 136 kilogrammes of cannabis sativa, 16.7grammes of cocaine, 54.6grammes of heroin, 24 litres of combine, were seized within the period under review as well as psychotropic substances comprising four sachets of tramadol weighing 480mg and one tablet of diazepharm. The statement said there was no conviction during the period because the courts were on vacation even as it added that drug demand reduction lectures were given in 31centres across the state while a total of 39 drug users were counselled. It assured that the agency would continue to pursue with vigour its targeted raids, general dislodgement of drug joints and public enlightenment lectures and seminars across the entire

L-R: Executive Secretary, Nigeria Content Development and Monitoring Board, Engr. Ernest Nwapa; founder, Construction Kaiser, Engr. Igbuan Okaisabor and the Project Manager, MTN Nigeria, Funmilayo Jegede, at the 20th anniversary celebration of Kaiser Construction, a local contractor to MTN Nigeria in Lagos, at the weekend.

Edo to provide ICT in primary schools –SUBEB boss

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do State government is to introduce Information Communication Technology (ICT) in public primary schools in the state as part of efforts to change the face of primary education in the state, an official said in Benin City yesterday. Chairman of the Edo State Universal Basic Education Board (SUBEB), Chief Stephen Alao, told the News Agency of Nigeria (NAN) that the initiative was aimed at exposing pupils in their formative years to the world best practices in basic education. He said primary education was the foundation of children and should, there-

fore, be qualitative for them to have smooth progress in their educational career. Alao said the present administration in the state was very passionate about sound basic education. The chairman appealed to the people to be patient with the government, saying it cannot provide all their needs at a time. “There is no reason why all public primary schools in the state will not have ICT since government is determined to give qualitative education to the people,” he said. He said the state government was also improving the quality of teachers in the state by training and re-

training them. He added: “If we have well-modeled schools without well-tutored students, of course, we are not going anywhere.” The chairman added that the board was worried about rejection of postings to the rural areas by some teachers, promising that such ‘anomaly’ will soon be corrected. The SUBEB boss said schools with too many teachers would be decongested and that such surplus teachers would be posted to other schools. “The issue has been a major challenge to the board and posting will not be done to favour any par-

ticular local government area,” he promised. On the number of pupils in a class, Alao, who described the situation as inimical to effective teaching, said something would be done ‘speedily’ on the issue. He said the present administration has improved on schools’ infrastructure, but noted that some schools are yet to be renovated. According to him, such schools will be captured in the state’s 2014 budget. The SUBEB boss, however, appealed to the authorities of the schools that had already been renovated or upgraded to take good care of the facilities provided in their schools.

state in order to ensure reduction in the demand and supply of illicit substances in the state. “By the special grace of God and the tireless efforts of officers of this com-

mand, we shall continue to fight the drug war, until we are able to rid Akwa Ibom State and its suburbs of narcotic drugs and psychotropic substances,” the statement said.

Oyerinde: ‘Police hawked my photograph before my arrest’ SEBASTINE EBHUOMHAN

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ore than a year and six months after the gruesome murder of Comrade Olaitan Oyerinde, the former principal private secretary to Governor Adams Oshiomhole in Edo State, more details have continued to emerge from the assassination that rocked Edo State on May 4, 2012. Addressing a global audience at the Dublin Castle in Ireland, at the weekend, during the seventh Dublin Platform for Human Rights Defenders, Executive Director of the Africa Network for Environment and Economic Justice (ANEEJ), Rev. David Ugolor, accused the Nigeria Police of hawking his photograph even before he was arrested and detained. He said it was the photograph that was eventually used by his accusers in the allegation the police preferred against him in the murder of Oyerinde. In his testimony obtained yesterday, Ugolor said President Goodluck Jonathan ordered the Inspector-General of Police to investigate the murder of Oyerinde only after much pressure was mounted by Governor Oshiomhole. He said; “When I and nine other suspects were eventually charged to a Magistrates’ Court in Benin City on August 31, 2012, the presiding magistrate remanded all suspects, including me at Oko Prison in the Edo State capital. “On our way to the prison and even at the prison, Garba Masamari, the purported accuser and two others: Danjuma Musa and Muritala Usman, confessed to me that they were tortured by police officers and were asked to deliberately implicate me. “They told me that my photograph was brought to them to study two weeks before my arrest. Before

then, the police had invited me to their office and photographed me. These three men were shot by the police while a spoke was poked into Danjuma Musa’s penis in a frantic bid to implicate me. “Today, still in Prison, Danjuma Musa has difficulty in passing urine as a result of the police brutality and torture. “Garba Masamari kept on apologising to me and told me he pointed me at a kangaroo identification parade following real threats of the policemen to kill him in their custody if he refused to do so. “During my detention, I was kept in police prison without toilet and I had to defecate and urinate in a bucket that was emptied at the behest of the police all day and in the process contacted skin diseases before my release. “However, it is pertinent to note that I was just being persecuted by the Federal Government because of my dogged campaign against corruption in the oil and gas sector; campaign for credible elections that are inclusive of all stakeholders. “They also felt uncomfortable with my campaign for a transparent and accountable use of oil resources and also campaign for a better deal for our kinsmen in the oil-rich Niger Delta. “Since my release, the police do not seem to have given up on me as there are now clear threats to my life and that of my family.” Meanwhile, Ugolor, who was invited to the seventh session of the Human Rights Defenders Assembly in Dublin to testify about his harrowing experiences in the hands of the Nigeria Police, had earlier on Friday protested along with 144 other human rights defenders from 95 countries against insecurity and dangers that national governments expose rights’ defenders to.


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North

Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

13 killed as Fulani herdsmen invade Benue community HENRY IYORKASE

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o fewer than 15 persons were killed in the early hours of yesterday at Ogwule-Ankpa in Agatu Local Government Area of Benue State by some suspected Fulani herdsmen. The herdsmen invaded the village as residents were asleep, burnt their homes and other

belongings. A victim, who narrowly escaped death, told journalists in Makurdi, the state capital, that the suspected Fulani herdsmen stormed Ogwule-Ankpa with arms, including axes and attacked the residents. According to him, the attackers killed 15 people and injured many others. Two weeks ago, Governor Gabriel Suswam, accompanied by other se-

nior government officials, visited some crisis-ridden communities in the state to assess the spate of destruction and also sued for peace among the herdsmen and the natives. Suswam noted that the Fulani herdsmen and Agatus had lived peacefully since time immemorial and urged them to sheath the sword with view to give peace a chance. Following the persis-

tent attacks by the herdsmen, it was, however, gathered that over 3,000 natives had deserted their homes for the fear of being attacked at night by the marauders. Victims, however, claimed that the herdsmen had changed their mode of attacks, adding that they came at wee hours of the night and unleashed mayhem on innocent natives when people least antici-

pated any incident. One of the victims, Mr. Akoh Imanche, relayed his experience thus: “The herdsmen have changed their method of attack; they allow everybody to go to bed before they strike. They have killed many people these days and it appears the attackers have an ulterior motive.” Imanche said the violence had destabilised the area as schools and hospitals are barely functioning as nobody attends them.

According to him, inhabitants have deserted their places of abode and relocated to neighboring areas for safety. When contacted, the Police Public Relations Officer, Mr. Daniel Ezeala, said he was yet to receive any report on the matter, but claimed that he was aware that the governor visited Oshigbudu with the commissioner of police to assess the security situation and the spate of destruction in the community.

Ex-minister, Shaahu, makes case for Igbo Presidency HENRY IYORKASE MAKURDI

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L-R: Adamawa State Commissioner for Women Affairs and Integration, Hajiya Halima Mohammed; Sarkin Matasa of Adamawa Emirate, Alhaji Abdul-Aziz Nyako and Sarkin Matasa of Mubi Emirate, Alhaji Mohammad Ahmad, at the launch of the Social Re-Integration Group and Inauguration of Local Government Conflict Resolution Committees in Yola, yesterday. PHOTO: NAN

Insurgency: Adamawa worried over influx of displaced persons

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he Adamawa State government is disturbed by the daily influx of displaced persons from Borno to some parts of the state due to insurgents’ attacks. The Commissioner for Border Integration, Alhaji Hamza Bello, made the government’s position known during a condolence visit to Bitiku-Valti village in Madagali Local Government Area to sympathise with victims taking refuge in the area. Bello said the Adamawa State Gvernment was worried about the frequent influx of the displaced persons now taking refuge in Madagali area of the state. Consequently, he said Governor Murtala Nyako had inaugurated a committee to take care of the displaced persons. The commissioner added that part of the committee’s mandate was to register the refugees so as to ascertain their number and to establish camps for

them where immediate assistance could be offered them. He said: “So far, no fewer than 3,000 people from Bama and Gwoza local government areas of Borno State have been confirmed to have fled to Adamawa due to the fear of terrorists’ attacks.’’ Also sympathising with the victims, the Speaker of the Adamawa State House of Assembly, Alhaji Ahmadu Umaru, made a personal donation of an undisclosed amount of money to them. Umaru said the state government would provide relief materials to the victims through the state emergency management agency. He urged people of the host community to report any suspicious movements to the nearest security outfit for immediate action. Responding on behalf of the victims, Baba Walia, who said he came from

Gwoza Local Government Area of Borno, thanked the government and people of Adamawa for the concern. He said gunmen attacked his community at about 2:am last Tuesday, slaughtered his son and one other person. The 70-year-old Walia

said the attackers also stole four motorcycles, an unspecified amount of money and foodstuff. “Most of us had to retreat to the bush or take refuge on trees for fear of attacks because the gunmen told us that they would come back,” he said.

econd Republic Minister of Communication, Chief Isaac Shaahu, has asked agitators of Northern Presidency to have a rethink and be fair to other geo-political zones of the country. Speaking in a chat with National Mirror in Gboko, Benue State, Shaahu said: “If we are to go by equitable power sharing, it would be the turn of the Igbo of the South-East to produce the President after President Goodluck Jonathan’s tenure in 2015. “Those making demand for the Presidency to shift to the North in 2015 are not being fair to other segments of Nigerians because the North had ruled this country for at least 46 years put together in civil and military regimes. So, their demand is nothing to go by if we are to be fair to all nationalities.” The former minister, however, urged delegates

to the proposed National Conference to address the imbalance working against Nigeria’s development. According to him, the conference is good because it would bring stakeholders together to a roundtable so as to proffer solutions to the challenges confronting Nigeria. Shaahu said: “Honestly, what President Jonathan has brought is one of the most commended ideas, but if you look at the time he initiated the idea, one will discover that there will be not enough time for delegate to engage in a meaningful debate. At least, one needs not less than six months in order to come out with something comprehensive that will be acceptable to every citizen. “The President should have done this programme earlier than now. I am very skeptical whether the exercise will achieve the desired goal, giving the time frame and elections which are fast approaching.”

Elite responsible for Northern woes –Group PRISCILLA DENNIS MINNA

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he Coordinator of the National Democratic Forum (NDF), a pro-democracy group, Mr. Jonathan Vatsa, has blamed the Northern elite, especially those that have occupied leadership positions in the past, for the challenges confronting the North. Vatsa said in Minna, the Niger State capital, that the Northern elite were responsible for the challenges confronting the region.

He spoke following an allegation on Saturday in Kaduna by the Niger State Governor, Alhaji Babagida Aliyu, that external forces were bent on splitting the North to stop it from presenting a common position on national issues But Vatsa said: “It is a known fact that the Northern elite and not external forces are working to split the North. Our elite, because of their personal and political interest, are widening the gap between the people of the region. “It is a known fact that

if there is no crack in the wall, lizard cannot gain access into it. If at all there is an external influence, our elite gave them the room. “Now that our people are better enlightened and are now asking questions, our elite are jittery and are now blaming external forces, when in the true sense, they are the ones working for the split of the region.” He accused the elite of deliberately causing division between Christians and Muslims by according more preference to one

over the other, especially in job placement and recruitment into the military as candidates from the favoured faith were considered. Vatsa said: “It is on record that some universities in the North don’t admit students for courses like law, engineering and medicine except such candidates are faithful of the favoured faith or favoured areas in the region. With all these, the elite should not blame their weakness on external forces, but should learn to accept their mistake.”


Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

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Politics

“Those who say Jonathan signed an agreement with them, do they own the

Jonathan’s confab is a waste –Kwande

country? How come he had an agreement with them? What is their stake? Do they have more stake than myself in Nigeria? ”

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– FORMER DEPUTY SPEAKER OF THE HOUSE OF REPRESENTATIVES, NWUCHE

DELTA BY-ELECTION

INEC declares Aguariavwodo of PDP winner ...DPP, APC kick, demand fresh election SOLA ADEBAYO WARRI

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he candidate of the Peoples Democratic Party, PDP, in the last Saturday’s by-election in Delta Central Senatorial District of Delta State, Chief Emmanuel Aguariavwodo, has been declared winner by the Independent National Electoral Commission, INEC. Declaring the results of the election at Ughelli, the

headquarters of Ughelli North Local Government Area of the state, the Returning Officer, Prof. John Arubayi, said Aguariavwodo polled 263,024 votes to defeat eight other candidates. Arubayi, while declaring the result said O’tegar Emerhor scored 29,075 votes to emerge second, while Ede Dafinone followed with 29,055 votes. With his victory, Aguarivwodo succeeds the late Senator Pius Ewherido,

Why Urhobos returned to PDP –Idonor ROTIMI FADEYI ABUJA

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senatorial aspirant in the by-election, Comrade Daniel Idonor yesterday said that politicians and leaders of thought of Urhobo extraction decided to return their people to the ruling Peoples Democratic Party, PDP, because the ethnic group had long been denied maximum benefits from the polity. Idonor, after a visit to the residence of the senator-elect in Okpare Olomu declared that the Urhobos would never be misguided by few individuals, saying that the

entire Urhobo resolved to return to the PDP. “We the Urhobo ethnic group, the fifth largest in Nigeria were part of the PDP from the formation stage; but when one of our own was denied a ticket in 2007, he left the party and our people also followed him in protest; but after a painstaking discussions and consultations which culminated in a closed-door meeting between President Goodluck Jonathan and Urhobo Leaders which I was also in attendance, I am happy to inform you that today Urhobo nation has fully returned home to the PDP, because we were part of the building process,” he said.

who died on June 30. However, Aguariavwodo’s victory was heralded by protests by other candidates, especially those of the Democratic Peoples Party, DPP and All Progressive Congress, APC, Dafinone and Emerhor, respectively. Dafinone and Emerhor, who were obviously rattled by the outcome of the election, at a separate news conference in Sapele and Warri yesterday rejected the results of the polls and called for its cancellation.

Consequently, they asked the electoral body to conduct a fresh election in the eight local government areas in the senatorial district. Arubayi stated that PDP won in all the eight local government areas in the senatorial district, adding that the election was free and transparent. He urged all the political parties that took part in the exercise to accept the result in good faith. He commended the political parties and their agents for the peaceful conduct of the election. Emerhor, who was ac-

companied by the former Secretary General of the National Union of Petroleum and Natural Gas Workers , NUPENG, and a Lagos lawyer, Chief Festus Keyamo, insisted that the election was characterised by massive fraud. The APC candidate alleged that security agents, especially soldiers collaborated with the leaders of the ruling party to subvert the wishes of the electorate, lamenting that the soldiers were hired to intimidate the agents of the opposition parties. He added that identifiable property of notable

leaders of PDP were turned to voting centres, where multiple voting took place in the presence of the security agents. “The APC rejects the charade called election and we are calling for the reversal of the results and conduct of a fresh election,” he said. Dafinone said reversal of the election was the way forward. “The election is a total nonsense and it is unfortunate. It is impossible to accept it and it is so bad that nobody can accept it. The only way forward is fresh election,” he said.

L-R: Delta State Deputy Governor, Prof. Amos Utuama; Governor Emmanuel Uduaghan; Chief Peter Nwabaoshi; Senator-elect, Olorogun Emmanuel Aguariavwodo; Prof. Sam Oyovbaire and Olorogun Kenneth Gbagi at a special celebration of the election, yesterday in Warri.

APC alleges malpractices, violence

You’re a serial bad loser, PDP lampoons APC

FELIX NWANERI

OBIORA IFOH

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he All Progressives Congress, APC, has alleged that by-election in Delta Central Senatorial District was marred by cases of electoral malpractices and widespread violence perpetrated by security agents and thugs hired by the People Democratic Party, PDP. In a statement issued in Lagos yesterday by its Interim National Publicity Secretary, Alhaji Lai Mohammed, the party said there was no voting in most of the eight local governments and the 85 wards

in the district, as the PDP used armed security agents to chase away voters in opposition strongholds while thugs working under the cover of security personnel beat opposition party agents and seized voting materials in many areas. The party added that electoral officials were either overwhelmed by the intimidating presence of the security agents or were coerced into submission. It said: “This election is nothing but a sham as the activities of the partisan security agents ensured that hundreds of voters were disenfranchised, while state government and PDP

officials openly handed money to induce voters. Even in wards where voters successfully resisted armed security agents, the absence of complete electoral materials meant there was no voting. “Knowing it could not win a free and fair elections anywhere in the country, the PDP simply took measures to suppress voting in opposition strongholds during the senatorial election. From what transpired in Delta on Saturday, it is clear that the PDP has resolved that there will be no free and fair election anywhere across the country henceforth.

ABUJA

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he Peoples Democratic Party, PDP, has berated the All Progressives Congress, APC, for “not being bold and sportsmanlike enough to accept its straight defeat in the Delta Central Senatorial by-election” won by its candidate, Chief Emmanuel Aguariavwodo. The party also described the APC as “a party borne out of violence and religious extremism; a serial bad loser which always finds it difficult to accept that it does not have the sup-

port of Nigerians.” PDP National Publicity Secretary, Chief Olisa Metuh, in a statement said in protesting against an election where it lost woefully, the APC is merely “rehearsing its excuses ahead of the 2015 general election when it will suffer the ultimate humiliation from Nigerians.” “For the avoidance of doubt, the Delta Central senatorial by-election was free, fair and credible and the people freely gave their mandate to the PDP candidate, Chief Emmanuel Aguariavwodo. “In protesting the outcome of an election where

it did not get up to 10 per cent of the total votes cast, the APC has shown that it remains a party borne out of violence, religious extremism and desperation; a party of bigots which fails to understand that it does not have the support of Nigerians hence its inability to win elections due to its undemocratic and do-or-die posture. “The APC remains a serial bad loser which delights in overheating the polity, establishing fascism in the states under its control and refusing to be bold and sportsmanlike enough to accept clear defeats,” it said.


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Politics

Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

NATIONAL CONFERENCE DEBATE

Ambassador Yahaya Kwande, Nigeria’s Ambassador to Switzerland between 1981 and 1984, was a member of the National Conference set up during the Gen. Sani Abacha and the Olusegun Obasanjo administrations. In this interview with JAMES ABRAHAM in Jos, he speaks on why the national confab being planned by President Goodluck Jonathan will not help move Nigeria forward. He also speaks on the crisis in the Peoples Democratic Party, PDP and other national issues. Excerpts: What is your take on the advisory committee on National Conference constituted by President Goodluck Jonathan? When I heard him announcing it, I was really shocked because I consider it a great waste of money and resources belonging to Nigerians. He could have done something else more worthwhile with the money. My opposition to the proposed conference is based on experience. I was a member of the Constitutional Conference Commission set up by the late General Sani Abacha. We were made up of 19 members and our mandate was to plan how Nigerians would discuss about themselves and their country. People were really worried because they thought that Nigerians then had the opportunity to disagree with each other and possibly break the corporate entity of our beloved country. We set up the agenda and after six months, there was the full conference. They spent the whole year discussing in details the corporate existence of the country and the problems that could be corrected. The best brains in this country took their time to discuss the affairs of this nation and every segment was allowed to do so freely; businessmen, farmers, civil servants, politicians and so on were there. At the end, we produced a report in volume which was accepted, but nobody cared to look at it. Then, as the nation moved along, surprisingly again, President Olusegun Obasanjo when he came on board decided to set up another committee for another conference which also brought in the best brains in the country to brainstorm on the way forward. As usual, every segment of the Nigerian society was represented. I was also a member of that conference, altogether we were 360 members. Again, the conference was very detailed in its assignment because the planning was such that every aspect of the Nigerian life was discussed. I served as a member of the commission that organised the conference and I also was a member of the conference proper. Besides, I was the chairman of a very important committee of the conference on Local Government Structure and also a member of the Review Commission. I had professors in my committee and every aspect of Nigerian life was discussed thoroughly. We eventually produced a report. Unfortunately, it was sometimes rowdy when Obasanjo was trying to smuggle his third term agenda. But in the end, we resolved

Jonathan’s confab is a waste –Kwande

Kwande

it. They saw the game plan clearly and the document that was smuggled in was smuggled out eventually. Now, we then finished the whole thing and up till now, no one has deemed it necessary to look at what we have done with a view to implementing the recommendations. Tell me what on earth they want to achieve this time if those previous conferences and their far-reaching recommendations are yet to be touched. Why do they want to go into another conference? To do what? Are we now going to bring angels from heaven to come and discuss the affairs of Nigeria before we will be able to accept and implement it? To me, I think the hawks around President Jonathan are confused. And it is obvious that they are also trying to confuse even the president because I don’t think they are set out with honest mind and purpose to really help Nigeria by wanting another conference. I think that the country has now reached a stage of confusion that they now want to divert attention of the good people of Nigeria from what is happening in the country particularly in the Peoples Democratic Party, PDP, to somewhere else so that they will continue to hold everyone hostage in this country. What do you think should be done under the present situation? The way forward is very simple. If the President is honest and the people surrounding him are honest in helping him, if I were him, I would just ask for all those reports from the previous conferences and give members of the committee one or two months to review it and bring them for implementation for the benefits of all Nigerians. That’s is what I would have done because a lot of money and resources were spent first on the commission, secondly on the conference and then another conference .And with all these, they have not been able to implement any. That is to tell you that Nigeria is being run on an enterprise of waste. But the assignment of the committee is just to work out a framework for the conference. To me, people are just wasting our mon-

ey. We still have a lot of more pressing work to do because the country is at a crossroads and we need people to be honest in their dealings with Nigerians. Believe me, we don’t need another conference at this period of our chequered history. But now that the committee is already in place, what should be their agenda? I think the President gave them an agenda. They should carefully study them and equally look at the terms of reference of the previous conferences. But above all, I would advise them to advise the President not to go ahead with the planned conference because everything anybody who wants the corporate existence of Nigeria to remain has already been discussed. So, let them advise him to focus rather on other things that will help this country instead of preoccupying themselves with another conference. There are fears that Nigeria may break up in 2015. Do you entertain such fears? Not at all. Let me tell you, when I started hearing rumours about Nigeria’s possible break up, it is far more than 30 years, yet we are still together as a country. The first question you asked me, I told you that I served in the Constitutional Conference Commission that was mandated to organise the agenda for the conference. We lined up the agenda so that they could be discussed within the one year duration. At first, we were afraid to put in the agenda, the discussion that borders on the corporate existence of Nigeria because we thought that such discussion which we consider as sensitive will break our conference early and we decided to make it the last item on the agenda. Everybody was looking towards that day and what will happen. Surprisingly, we eventually came to it; it was the

I THINK THE HAWKS AROUND PRESIDENT JONATHAN ARE CONFUSED... BY WANTING ANOTHER CONFERENCE

least discussed. Everyone started his own discussion by saying that even though we have not been treated fairly, we should not break. The Hausa said the same. The Igbos said the same as well as the Yoruba. The reports are there and within 10 to 20 minutes, every part of the country in the conference agreed that it is an indivisible entity and it was over. They talk about breaking it, but they don’t want it to break. They only use the word breaking Nigeria to threaten you so that they can get what they want. That is what is happening. No component of the country wants to go away. I am telling you the truth. So the fear of the possible break up of Nigeria is artificial and it is just a ploy by some people to extract a bargain whenever they feel losing out. Again I remember when the former United Nations Secretary General, Boutrous Boutros Ghali was asked where he would like to retire after finishing his assignment. He said he would like to go to Nigeria for his retirement. When they asked the reason for choosing Nigeria, he replied that it is only in Nigeria that you find as if in the next 24 hours, the country will disintegrate. You find the Yoruba man abusing the Hausa or the Hausa abusing the Igbo and vice versa to a point that you think the cord binding them has reached a breaking point. But when you go to the airport, you will BE amazed to find the same people sharing jokes, shaking hands and laughing as if they were not the same people a while ago. So, don’t be deceived by the talks on the streets and on the pages of newspapers. They are brothers, friends and they love each other. How do you see the crisis in the PDP? Well, you will soon see the end of the whole thing because they have now reached a particular point in the crisis where reconciliation is impossible. Why do you say so? Let me tell you, if you hear the drum sound sweeter, just know that the time for it to break has come. PDP went to the climax after we put the party together with the intention of ruling not only in Nigeria but the entire Africa. The first era of PDP was wonderful. But unfortunately, the party drifted when the third term agenda was introduced. That singular act opened a floodgate of other dangerous elements in the party such as greediness, selfishness, corruption and so on. How would you assess the Jonathan’s administration? Any assessment should begin with an advice for him to resist the temptation of wanting to remain in office after the expiration of his present tenure. That is what is heating up the polity. With all the challenges here and there, one cannot say that he has completely failed but it is obvious that he does not deserve another term. Besides, PDP has an internal agreement to rotate the presidency between the North and South. He should respect that agreement. I beg those who are around Mr. President to be sincere, honest and patriotic and not to mislead that gentleman that I see in him as a good man, amiable in taking a decision that will break this country.


National Mirror www.nationalmirroronline.net

Views

Monday, October 14, 2013

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Talking ourselves away from the tipping point PRESIDENT JONATHAN HeartBeat

CALLISTUS

OKE

Callistusoke@nationalmirroronline.net 08054103275 (SMS ONLY)

The Sovereign National Conference being advocated is to rebuild this single sovereign nation from its collapsing foundation, not to tear the country into several sovereign nations. If we don’t, I shudder to think of the catastrophic consequences to the very existence of the country and its horrible effects on the black race, Black Africa and the world at large –Gani Fawehinmi

CALLISTUS OKE

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n liberal scholarship, decadence is axiomatic of visible decline in values and state institutions. Within the context of Nigerian state efficiency, decadence should mean failings in all the facets of our national life. It finds expression in categorical labeling of the country. Phrases like ‘failed state’, ‘inefficient institutions’, ‘glorified federation’, ‘coerced union’, ‘a mere geographical expression’ and ‘corrupt political elite’, among others, are manifest dismissive conclusions of Nigerians about the state of their nation. The evidences of the country’s political and socioeconomic undernourishment and the concomitant stunted institutional

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HAS SHOWN HIS HAND AND THE POLITICAL ACT IS LIKELY TO UNLEASH POWERFUL

FORCES WHICH, IF WELL MANAGED, COULD LEAD TO THE EXPECTED NATIONAL RENEWAL growth and collapsing infrastructures are visible for all to see. What has remained very knotty is the response strategy to put the nation in a better shape. The members of the small privileged ruling political class, deluding themselves that the nation’s sovereignty is located in them, decided that a mere constitution amendment process could fix the gargantuan problems of the country. However, the majority of the very politically active Nigerians, demonstrating the clarity and versatility of well informed non-state actors, have forcefully canvassed for convocation of a sovereign national conference of ethnic nationalities to, which in the opinion of the late Gani Fawehinmi, will rebuild this single sovereign nation from its collapsing foundation. The two camps have been on this ding dong situation ever since. The ice was broken on October 1 when President Goodluck Jonathan turned 360 degrees from being the establishment’s lead chorister of the anti-confab mantra to

demonstrating serious commitment to the dialogue option with the constitution of a 13 member Presidential Advisory Committee on National Dialogue led by Senator Femi Okurounmu. The next hurdle is the nature of National Dialogue. Will it be an ordinary dialogue whose outcome would be submitted to the Presidency, which in turn will pass it on to the National Assembly for its own considered input, or a sovereign national conference with full ‘sovereign’ powers? The best way I could describe Mr. President’s new concession is ‘nervously bold’. He knows the North and South have maintained diametrically opposed positions on the issue of national conference. While the former preferred option is a mere ‘talk shop’ whose outcome would go to the National Assembly for ratification, the latter wants a national conference with full sovereign powers. The implications are clear. The North’s position is influenced by its perceived superior numerical strength in the two houses of the National Assembly; and making it to serve as the clearing house for the outcome of the conference would assure it of a favourable bargain. The South fears this prospect! Where does President Jonathan stand? His choice of Committee chairman could have given away his preference because Senator Femi Okurounmu is a strong proponent of SNC. However, by picking seven members of the 13 member Advisory Committee from the North and six from the South, a counter balancing act has been perfected! And so unless loftier national interests are promoted above parochial geo-

Of national dialogue and consensus

he concession of President Goodluck Jonathan to a national conference shows unmistakable commitment of his administration to national rebirth. In assembling a 13 member Presidential Advisory Committee on National Dialogue headed by Senator Femi Okurounmu, Mr. President has offered Nigerians one of the greatest opportunities to re-craft the country. Remarkably, past efforts at convoking such a conference were either misconstrued or mismanaged, resulting in unending agitations on how to resolve the National Question, which is centred on restructuring of the country; the most efficient form of government; power relations among the tiers of government; representation at governmental institutions; and rational revenue allocation formula that does not compromise on equity, need and derivation. Other are the role of the military and the place of the traditional rulers, the minority question, citizenship and indigene status of the Nigerians living outside their culture areas etc. In these agitations, different strains of options for resolving all the knotty issues have been canvassed. There are fears and misgivings on the utility and likely outcome of the conference as many disenchanted Nigerians believe that it will still be the same charade once it is spawned by the government; some even consider the exercise as a journey to national dissolution. The argument of some schools of thought is that Nigeria, as a colonial contraption whose constituents are a mismatch, cannot endure for too long as

each constituent is strong enough to assert its identity. However, another school, particularly of the fatalist bend, believes that the evolution of Nigeria is ordained and it is the will of God that Nigeria would be. It is, however, interesting to note that all complex and diverse nations in such transition as Nigeria is undergoing, exist and relate within some contradictions and dialectics of values, ethics, morality, culture and purpose. So each constituent of the polity seeks attainment, fulfilment and satisfaction of its specific or group interest in the context of these contradictions. Therefore, the more successful a group is able to negotiate and achieve its interest above the rest, the less likely is such group being popular among the other groups. The dialectics invariably result in some power struggle, mutual suspicion and acrimony, as they engage in zero sum game. Nations have therefore, gone to war or dissolved on the lack of unanimity of purpose, excuse of unequal representation, group or ethnic domination, unjust revenue allocation formula and lopsided appointments. These claims and agitations are behind the rise and fall of many countries. Some, however, re-emerge or re-unite while some go extinct, depending on the viciousness of the centrifugal and centripetal forces impinging on them. The history of the Balkan, Rwandan genocide, Korean debacle and German Reunification experience are all testimonies of how nations contend with crises of identity, representation and leadership. Former Yugoslavia is not a good case to contemplate in the na-

THIS CRITICAL NATIONAL

ASSIGNMENT MUST THEREFORE, NOT

BE TURNED INTO A

FRIVOLOUS VENTURE... tional question issue given the cost in human causality associated with its dissolution. Whether Nigeria is a colonial contraption or a divine ordainment, these are the immutable realities that all nations in evolution confront. So, the crises that have bedeviled Nigeria, both at pre-independence and currently, are only a vindication of the historical imperatives of nation building. Hence, whichever is our lot in Nigeria now or in the future will depend on how we understand and manage these historical imperatives of nation building. The national conference assignment has indirectly conferred on the 13 distinguished Nigerians selected to fashion out the conference modalities the status of the ‘fathers of the nation’. These men have impeccable credentials and have indeed in the past canvassed creative and patriotic positions on the sustainability of the country. This critical national assignment must therefore, not be turned into a frivolous venture to the disappointment of many patriots who work every minute for the greatness of Nigeria. The world is waiting to see

political interests, the Committee business could be bogged down by regional power play. Of course, the situation offers itself to the construction of different scenarios. However, what is clear is that President Jonathan has shown his hand and the political act is likely to unleash powerful forces which, if well managed, could lead to the expected national renewal. The exercise is the rational political innovation necessary to make Nigeria an efficient polity. But if poorly managed the continuous existence of Nigeria as one indissoluble country would not be guaranteed. The country, in its present form, is a sharing federation; the three tiers of government all depend on oil revenues. And so, one thorny issue at the conference will be resource control or fiscal federalism. The Niger Delta region where the bulk of the nation’s oil come from would push for near total control of its oil and gas resources; fierce opposition will be expected, and with the yarn that ‘oil is a free gift of nature’. It happened during the 2005 National Political Reform Conference. Other critical issues that are encapsulated in the proverbial National Question and whose resolution are germane to the survival of the nation in the years ahead include state police; indigeneship; socioeconomic and political relations among the tiers of government; secularity of the country, etc. Nigeria has the last hope in the national confab for it could be the panacea for all her ills, but it could also be the catalyst to her eventual dissolution.

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

the sense of purpose, direction and responsibility of these new ‘fathers of the nation’. The beauty of Nigeria is that in spite of our numerous challenges and diverse differences, we have a common concern for justice, equity and development. The expectation of the entire black race on Nigeria is that this country must survive. As a believer in the indivisibility and indissolubility of Nigeria, I do not expect these fathers of ours to reduce themselves to street boys in the manner they approach their onerous assignment. Their watchword must be consensus on that which is best for the country’s future. Our prayers as we embark on this auspicious journey of building a new Nigeria is: Oh God of creation, direct our noble cause and guide our leaders right in the choices they make, in the decisions they reach, and in the agenda they draw for the rebirth our country. Aamin! Send your views by mail or sms to PMB 10001, Ikoyi, or our Email: mail@ nationalmirroronline.net mirrorlagos@ yahoo.com or 08164966858 (SMS only). The Editor reserves the right to edit and reject views or photographs. Pseudonyms may be used but must be clearly marked as such.


16

Editorial

Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

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

FIDELIS LEMCHI OWOAMANAM

„

ACTING MD/CEO

BOLAJI TUNJI

„

DAILY EDITOR

SEYI FASUGBA

„

SUNDAY EDITOR

A

GBEMI OLUJOBI

„

SATURDAY EDITOR

DOZIE OKEBALAMA

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COORDINATOR, EDITORIAL BOARD

CALLISTUS OKE

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EDITORIAL PAGE EDITOR

ISE-OLUWA IGE

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ABUJA BUREAU CHIEF

KAYODE BALOGUN JNR

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SM, STRATEGIC DEVELOPMENT

FRANK OBOH

„

HEAD, GRAPHICS

Protecting schools from terrorist attacks

s attacks on defenceless civilians are unabated as yet, the one launched against students of the College of Agriculture, Gujba, Yobe State, in the early hours of Sunday September 29, was one of the goriest. Innocent students were woken from their sleep, assembled in groups and then cut down in a barrage of bullets. Instantly, more than 41 of them lay stone dead and other bodies were later picked from nearby bushes. Before the gunmen escaped, they set fire to some buildings in the school, including hostels. The terrorists have, since last year, targeted schools in the NorthEast geopolitical zone, particularly to drive home their aversion for ‘western education”. A massacre similar to that of Gujba happened in Mubi, Borno State, last year, where over 30 students were killed. More than 40 other students in a school in Mamudo, Yobe State, were later shot dead. In July this year, scores of students and some teachers fell to the guns of the insurgents in Damaturu, Yobe State. Schools have not been the only convenient targets of the Boko Haram. Buffeted on all sides in

STUDENTS ACROSS THE NATION MUST BE ASSURED THAT THEY ARE BEING PROTECTED FROM BLOOD HOUNDS the forests of the North-East by the military, they had descended on innocent villagers on several occasions. A week or two before the Gujba mayhem, they laid siege to the town of Benisheik, Borno State, killing over 150 hapless men, women and children. In the not too distant past, the massacres were routine in Potiskum, Maiduguri and several other towns bordering Chad and Cameroun. All these have been happening in states where President Goodluck Jonathan declared a state of emergency last May. Does it mean the military authorities are failing in their duty of maintaining law and order in the areas? Perhaps, not really. The insurgents have been chased to remote forests and mountains, many of them have been killed; and even the ‘civilian JTF’ has emerged to help in hunting for the terrorists. But the easy way

the terrorists have been reaching schools and wreaking havoc on them strongly suggests that the security operatives have not managed checkpoints and barricades efficiently in the embattled zone. Why should a convoy of vehicles travel several kilometres in the dead of the night, in a period of emergency, and yet no military man was able to stop them? Since they started attacking schools last year, there should have been a tighter security nexus around schools in the North-East. And in the case of Gujba, it appears strange that there was no single security personnel in the school to even raise alarm when the gunmen invaded it. Besides, even where most schools in the axis now have fences around them, it is possible that cutting off communication in the areas under emergency state (as has been the case) is doing more harm than good. If people had access to their phones, they would have been able to send distress calls whenever they noticed strange movements. The authorities would do well to consider restoring GSM services in the areas, even if occasionally. The affected governments in the

North East are right in keeping all schools open, despite cruel attacks by the Boko Haram. If the terrorists really forbade western education, they wouldn’t be carrying firearms, using phones, driving vehicles and appearing on ‘YouTube’, for all these are products of the western education they vilify. In any case, they can choose to avoid western education, but they have no justification for killing those who want it. They said they were doing battle with the Nigerian state. Why have they been avoiding soldiers and preferring to attack unarmed and innocent civilians in remote villages, including students? Their objective, of course, is to cause pain in the hearts of families and friends. It is clear that trying to pacify the Boko Haram sect will not prevent them from terrorising law-abiding Nigerians. Therefore, the military authorities should push harder. In collaboration with civilians, they should step up their intelligence-gathering efforts. These invaders should be defeated quickly. Students across the nation must be assured that they are being protected from these blood hounds.

ON THIS DAY October 14, 1982 United States’ President Ronald Reagan proclaimed a War on Drugs. ‘War on Drugs’ is a term commonly applied to a campaign of prohibition, military aid and military intervention, with the stated aim being to define and reduce illegal drug trade. This initiative includes a set of drug policies that are intended to discourage the production, distribution and consumption of what some governments and the United Nations define as illegal psychoactive drugs.

October 14, 1994 Palestinian leader, Yasser Arafat, the Prime Minister of Israel, Yitzhak Rabin and the Foreign Minister of Israel, Shimon Peres, received the Nobel Peace Prize for their roles in the establishment of the Oslo Accords and the framing of the future Palestinian Self Government. It was an attempt in 1993 to set up a framework that would lead to the resolution of the ongoing Israeli–Palestinian conflict.

October 14, 2012 Felix Baumgartner jumped from the stratosphere trying to break the record of the highest freefall jump, at an altitude of 39,068 meters (128,018 ft). The stratosphere is the second major layer of Earth’s atmosphere, just above the troposphere, and below the mesosphere. It is stratified in temperature, with warmer layers higher up and cooler layers farther down. Baumgartner (born April 20, 1969) is an Austrian skydiver, daredevil and BASE jumper.


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Business Courage

Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

Cover

Amidst unsettled debate about the true state of the national economy, the International Monetary Fund and other global institutions have warned that the current US shutdown may have devastating effect on Nigeria’s oil price. How prepared is the country for the possible backlash? By Salami Semiu

T

he budget impasse in the United States of America (USA) which has led to the shutdown of its public sector, if prolonged further, poses a severe threat to Nigeria’s dwindling revenue from crude oil. Apparently, The US might be unable to pay for its imports from Nigeria. This is the reality which both the Nigeria’s Finance Minister and Coordinating Minister of the economy, Dr. Ngozi Okonjo-Iweala and the Managing Director, International Monetary Fund (IMF), Christine Lagarde agreed to last week on the sidelines of the ongoing World Bank/IMF meeting in Washington. Lagarde, who spoke at a news conference that heralded the official opening of the ongoing annual meeting of the World Bank and the IMF in Washington DC., said that as far as Nigeria is concerned, “clearly, we would have to look into how it would affect the price of the oil, because Nigeria is an oil consuming and exporting country. ``We are, as I said, currently working on this analysis and engaging in a dialogue with countries.’’ She said that the shutdown would have negative consequences for the US economy and also very negative consequences outside of the U.S. economy. Although Lagarde stressed that the IMF does not take a stand and does not make rec-

ommendation as how politically such matters can be resolved, she however stressed that ``When it affects largest economy in the world, we are bound to not only look at the immediate domestic consequences, but also have to look at what happens elsewhere. ``And we have to engage in a dialogue with our members to see how they can best prepare for that and anticipate,’’ the managing director said. Lagarde said that the effect of the shutdown might materialise in various channels in different economies. ``In Nigeria, it would include the trade channel because the US economy would have to balance its budget and would certainly reduce its economic activity starting from the third quarter onward. ``The second channel, which is probably going to be much more active, is the financial channel, where as a result of uncertainty and material, practical issues having to do with impaired versus non-impaired securities, we are likely going to see. ``If that matter is not resolved, we are likely to see volatility, uncertainty and consequences on the rest of the world,’’ she said. Dr Okonjo-Iweala, who addressed the world press with the Secretary-General of Commonwealth, Kamalesh Sharma, and the Prime Minister of St. Kitts, Densil Douglas, on the outcome of the Commonwealth Finance Ministers’ Meeting, also said what was happening in the US could create uncer-

Lagarde

tainty for people in developing and emerging countries. The face-off, she said, could affect Nigeria’s $500 million Bond and the Euro Bond, adding that if the crisis lingers, it would also affect interest rates. She said there was need for a stable and regulated international system, adding that the US government’s budget debate and the debt must be “urgently “resolved so that we can have stability in our financial system.” Okonjo-Iweala, who spoke on a wide range of issues on the outcome of the Commonwealth Finance Ministers’ Meeting, said the body was considering looking inwards in sourcing for funds to address some of the region’s development concerns. She said there was need for Domestic Resource Mobilisation, adding that such efforts would require, in the case of Nigeria, the strengthening of tax collection. She said the Federal Inland Revenue Service was doing a great job in this regard, stressing that there was need to do a proper audit on whether companies that provided for tax in their books duly remitted such to the government as required. On the Petroleum Industry Bill (PIB), she said its passage would provide an environment for the oil companies to oper-

ate in a more certain and clear terms of engagement, arguing: “Even if it is not perfect, it will provide an environment for our oil companies to have more certainty. I know the oil companies don’t like it too much because the fiscal regime is tougher on them in that PIB than what they had before, but we are urging them to support it, so that we get it through, and then later on, we can begin to amend, but the way we have it now, we really need it to go through.” She said the PIB’s passage would enable the government to commercialise the Nigerian National Petroleum Corporation (NNPC), and make the sector to be more transparent. Incidentally, the warning is coming at a time when there appear to be a discordant tune about the true state of the Nigerian economy which Okonjo-

Iweala had consistently defended as stable and virile. Already, Nigeria is currently suffering declining revenue from crude oil due to the perennial problems of oil theft and pipeline vandalism, which has resulted in lower allocations and a whopping backlog on payments to the three tiers of government. The situation is creating an impasse between the federal government and the state governors. Though Nigeria’s export to the US halved in 2012 and has further fallen sharply in 2013, data from the US Energy Information Agency (EIA) indicated that Nigeria still exported as much as 31 million barrels of oil to the US in the first quarter (Q1) of 2013. The data further showed that Nigeria earned a total of $42 billion between January and June 2013 from its overall crude oil export.

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

Š Š Š Š

EDITOR STAFF WRITER REPORTER REPORTER

SEYI OKUMODI

Š SENIOR GRAPHIC ARTIST


National Mirror www.nationalmirroronline.net

Business Courage

Monday, October 14, 2013

Sanusi Lamido, CBN Governor

Okonjo-Iweala

According to data from the National Bureau of Statistics (NBS), Nigeria’s crude oil export generally declined 19 per cent in Q1 2013 compared to a year earlier due to developments in the international oil market and crude oil theft. The country shipped 83 per cent of crude to Europe in April 2013 compared with just 30 per cent three years earlier as a result of US shale gas, according to data from the IEA. Dr. Kingsley Moghalu, CBN deputy governor, Financial System Stability had stated at a lecture he delivered at the Golden Jubilee ceremony of the pioneer graduates of the University of Nigeria, Nsukka (UNN) that the nation’s economic performance had been rather weak. Moghalu had regretted that Nigeria’s economic performance does not reflect its endowments. “With a population of 170 million people, Nigeria is generously endowed with human, physical and natural resources. “The country is ranked the 6th largest producer of crude oil and also has the 6th largest gas reserves in the world. It also has very significant reserves of solid minerals which remain undeveloped. The country is richly endowed with about 34 different types of solid minerals in commercial quantities in

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about 450 locations across the country. “Regrettably, Nigeria’s economic performance had been rather weak and does not reflect the country’s economic performance,” he stated. He had noted that other emerging economies; in particular Malaysia, South Korea, China and India who were behind or at the same economic pace with Nigeria in terms of growth in industrial production in the 1960s and 1970s have transformed their economies. According to him, “these countries are not only far ahead of Nigeria but are major players in world economy today. “Between 2005 and 2010, the average growth in industrial production for China, India, Brazil and Malaysia was 16.0, 8.0, 3.6, and 2.5 percent, respectively while Nigeria recorded only 2.1 percent,” he said. Shortly after Moghalu’s lecture, Okonjo-Iweala debunked the claims that the economy is in a comatose state and challenged anyone with contrary information about the economy to come out for a debate. Okonjo-Iweala who spoke at the Independence Anniversary lecture organized by the Lagos Chamber of Commerce and Industry (LCCI), stated that “The micro economy is stable, the economy is doing well. We may

experience cash flow problem; that does not mean the economy is in problem. Nigeria is an asset rich country and its economy remains strong. If we are not doing well, people will not be coming to invest in the country,” she said. The Minister pointed out that President Goodluck Jonathan and his cabinet members are not losing sleep over the nation’s problem adding that the present challenges are not peculiar to Nigeria. “We are not an island. Some of the problems we are facing are not strange. Even South Africa is battling with unemployment, and the government is fighting hard to salvage the situation. We are progressing and developing. There are a lot of emotional statements going the rounds. Some people are saying Nigeria’s economy is comatose. If the economy is comatose, where did Dangote see money to invest in refinery? If the economy is comatose, the private sector would be carrying placards by now,” she said. Incidentally, the Central Bank of Nigeria (CBN) in a statement signed by its Head, Corporate Communications, Ugo Okorafor also described the statement credited to Moghalu as misleading and inaccurate. The statement explained that Dr. Moghalu gave a con-

textual background on the Nigerian economy and the quest of Nigeria to become one of the top twenty economies in the world by the year 2020, noting that in that context, he noted that Nigeria’s economy had historically not performed up to its full potential relative to the country’s endowments and the economic achievements of emerging market economies such as those of China, Brazil, Malaysia, and South Korea, some of which were at similar levels of development with Nigeria in the 1960s.” The apex bank stated that it was therefore misleading to create headlines suggesting that Nigeria’s economy is presently “weak” when, as a matter of fact, Nigeria has achieved GDP growth rates averaging 7 per cent, over the past five years.” Nigeria, according to Okoroafor has a robust macroeconomic environment, including a stable banking system, foreign exchange stability, and single digit inflation. Some analysts who spoke with Business Courage on the issue at the weekend advised that the government should move beyond rhetoric and work towards stemming the tide of the likely consequence of the ongoing budget crisis in the United States. The source who spoke un-

der anonymity said that though the government is still trying to diversify the country’s revenue earnings away from oil, it should adopt a more proactive and sustainable approach to confronting the problem of oil theft which he claims would worsen the country’s financial crisis. Recently, the London-based Chatham House provided what seems to be a more precise account of how Nigeria’s oil worth several billions of dollars are stolen, sold and proceeds laundered in world financial centres. Chatham House estimated that 100,000 barrels per day of oil was stolen from pipelines in the Niger Delta in the first quarter of 2013 alone, excluding the unknown quantities stolen from export terminals. The theft, the report stated, amounts to five per cent of Nigeria’s current two million barrel per day production but stressed that it has a wider impact because oil companies are often forced to shut down pipelines due to damages caused by oil thieves. In its 70-page report entitled Nigeria’s Criminal Crude, Chatham House stated that “Nigerian crude oil is being stolen on an industrial scale. Proceeds are laundered through world financial centres and are used to buy assets in and outside Nigeria.” BC


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Business Courage

Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

News

Jamodu

Manufacturers yet to gain from FG’s policy reforms-MAN By Emmanuel Ogbonnaya

N

igerian manufacturers have stated that they are yet to witness substantial gains capable of repositioning the sector from the various policy measures and interventions put in place by the Federal Government. They also complained about the excruciating remittances which they are forced to make on myriads of factory visits by ministries and agencies officials, an exercise which they described as being unnecessarily duplicated by government officials to the detriment of the sector. These views were expressed by the Ikeja branch of the Manufacturing Association of Nigeria (MAN) at its 46th Annual General Meeting in Lagos. The outgoing chairman of the branch, Reverend Isaac Agoye, said that in broad terms, the manufacturing sector did not witness the growth and vibrancy envisaged by the various policy measures and reforms and intervention put in place by government. He said that about 90 per cent of the statutory and non statutory federal, state and local government ministries and agencies officials’ visit end in similar demands accompanied by astronomical fees/levies and in most cases, ridiculous fines where companies are alleged to have defaulted. The National President of MAN, Kola Jamodu, however, lauded the power sector privatisation effort by the Federal Government, noting that he had no doubt that with the privatisation of PHCN; the manufacturing sector should be seeing an improvement in the power supply. He stressed that the private sector is prepared to pay for power supply because it is difficult to specify how much is expended on power supply by manufacturers who use power generators and other sources of energy other than the public grid. “We are manufacturers, we are not PHCN. If we can get

somebody to do it, we would pay and concentrate on our core job of manufacturing,” he said. On the issue of multiple duplication of factory visits, Jamodu admitted that this has constituted a major constraint to manufacturers in the state but assured that the issue receiving attention from the highest level within the state on how to reconcile all the conflicting functions. The Lagos state commissioner of commerce and industry, Olusola Oworu, who represented Governor Babatunde Fashola, expressed the state’s readiness to sustain the existing vibrant partnership with the association. “Also the issue of various agencies that come to inspect factory sites, is also being addressed by a sub-committee put together by his Excellency and we are working on harmonising this, unfortunately, the federal agencies will still have their own bit to play so you would have people from the federal agencies and from the state coming to you but we are working on making sure that this is minimal,” she said. With regards to power, she said that the state government is looking at what can be done on a small scale to start with, while stressing that the unbundled assets of Eko and Ikeja discos ultimately would serve the manufacturers purpose. “For instance, we have provided the industrial estate in Isolo with 18 hours power and we hope to replicate that template in Matori,” she said.

Nwanze

IFAD lauds Niger-Delta youths’ money-making scheme

T

he International Fund for Agricultural Development (IFAD) has commended the efforts of youths in the Nigerdelta for their vibrant money making scheme and its attendant economic gains for the region. Addressing the Committee of Food Security (CFS), IFAD’s president, Dr Kanayo Nwanze, disclosed that extreme hunger is almost exclusively a developing country issue, and is particularly pronounced in

sub-Saharan Africa, where an estimated 25 per cent of the population goes hungry. According to him, it is also a rural issue, because poverty and hunger go hand-in-hand, and poverty runs deepest through rural areas. “Yet, I have also seen the impact that well-planned, country-led development can have. Just a few days ago, I was in the Niger Delta in Nigeria where youth have turned fish farming into a vibrant money-making business through IFAD projects. IFAD projects have turned what was a “no go zone” due to violence into a zone of peace where the economy can now thrive,” Nwanze said. He enthused that it is always heartening when we learn that there are fewer hungry people in the world. “And last week’s report on the State of Food Insecurity in the World says just that. Today, an extra 26 million people are getting sufficient food to meet their dietary needs.” He noted that though this is good news, he however expressed worries that attainment of world without hunger has not been achieved. “Over the years, IFAD has helped more than 400 million poor rural people realise their potential. Today, we support 253 projects in 96 countries across continents, worth more than $12 billion. The projects are designed to enable poor rural people to grow and sell more food, increase their incomes, strengthen their food security and improve their livelihoods,” he said. He stated that at IFAD tremendous care is given to these issues with a dedication to creating the conditions for poor rural women and men to lift themselves, and their families, out of poverty and hunger. He said that doing so means giving priority to gender, environment, climate change, food security and nutrition, as IFAD has been doing for many years now. “Just last month in China, I met a young man with an MBA who had returned to his village because, thanks to an IFAD-supported project, there were more business opportunities in his village than in the city. Today, he and his wife run a cooperative that already has 12,000 chickens – and he expects to have 50,000 next year,” he said. He urged those present not to forget that rural areas are a key element of any new development agenda and global food security. “Let us not forget that investing in smallholder agriculture is the most cost effective way for developing countries to tackle poverty and hunger. This is why smallholders are at the heart of what IFAD does,

and at the heart of the work of the CFS,” he stated.

Mabe Thabo, MD Unilever Nigeria Plc.

Unilever brings BlueBand national growth challenge to Nigeria

I

n a bid to encourage proper growth among children through optimal nutrition, Blue Band, from the stable of Unilever, Nigeria’s food brands, has announced the start of the Blue Band National Growth Challenge in Nigeria. The Blue Band National Growth Challenge which will be overseen by nutritional experts would be the first of its kind in Nigeria and has being carried out in other African countries such as Ghana and Kenya. Marketing Director, Unilever Nigeria, David Okeme, said that Unilever is proud to be driving the Growth Challenge because initiatives like this provide an opportunity to teach the children who are leaders of tomorrow the right nutrition habits that will help them develop mentally and physically. “Unilever has established a goal of improving the health and wellbeing of one billion people globally and this initiative can contribute to this goal which aligns with our vision of creating a better future every day. We believe that every child deserves the nutrition he or she needs to develop to their full potentials”, he added. The Growth Challenge programme is in partnership with the Children of Africa organisation and collaboration with the State Primary Education Boards, Ministries of Health and the Nutrition Society of Nigeria and will be carried out across 400 primary schools in Lagos and Enugu states. The objective is to draw attention again to school age nutrition and emphasize the role of adequate nutrition for growth amongst school children, also to create some consciousness around growth and promote comprehensive nutrition education among the school children. The campaign will also educate parents especially mothers, custodians and caregivers, and scholars on the significance of providing the right

nutrition – healthy, varied and adequate diet – for their wards in order that they grow optimally and, demonstrate that when fed the right nutrition, children grow adequately. Key activities taking place in schools will include nutrition education programmes, an art competition on growth, taking anthropometric or height measurements and assessing cumulative growth in children across 400 schools over the period of the campaign. Explaining the rationale behind the campaign, Tea and Spreads Category Manager, Unilever Nigeria, Vivian Ihaza, said “Experts agree that for children, Blue Band margarine contributes to their growth as it contains essential fats and vitamins. The right amount of nutrients in Blue Band such as the Vitamins A, D, E, the B vitamins, niacin, and folic acid in soft fat medium contributes to meeting children’s daily nutrient needs. “This is why it has remained consumers’ most popular choice over the years as a tasty addition to main meals as well as with snacks to enliven children’s lunch boxes. She further added that adults are not left out as it is used also as a nutritional and tasty ingredient for eating, cooking and baking”, she said. The Nutrition and Health Manager for West Africa the Unilever, Victor Ajieroh, noted that while the brand carries out a lot of intervention to the nutrition of children under five, paying attention to school age children is also important, in the context of nutrition through the lifecycle, and neglecting their nutritional needs can compromise their growth and development. He reiterated that the Blue Band sponsored National Growth Challenge will promote the right knowledge and behaviors for adequate nutrition and growth among school children. The campaign is expected to reach about 100,000 children.

Techno Oil unveils 20 mega stations nationwide

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echno Oil Ltd has started inaugurating its 20 new mega filling stations in cities nationwide to make petroleum products readily available to consumers. Ken Abazie, the Head of Strategy/Legal Department of the company, disclosed this at a news conference to announce the unveiling of the stations in Lagos on Friday. He said that the stations would also provide no fewer than 800 new jobs for Nigerians. Abazie said that the new


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Business Courage

Monday, October 14, 2013

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News retail outlets would go a long way in supporting the renewed drive of the Federal Government to transform the economy and make jobs available to the teeming populace. ``The development has also boosted the leadership position of Techno Oil in the downstream in line with the vision of our company to set the pace,’’ he said. Abazie said that the new mega stations were coming barely two weeks after the Federal Government commended the company for setting the pace in popularising the use of cooking gas in Nigerian homes. ``The new mega stations are strategically located across the different geo-graphical zones of Nigeria and are positioned to deliver premium value to our esteemed customers,’’ he said. The company executive named Lagos, Ibadan, Enugu and Onitsha as some of the cities hosting the mega stations with Lagos having major share of the outlets because of its status as the nation’s economic hub. He explained that each of the stations had capacity to dispense over 30,000 litres of petroleum products daily, using automated pumping facilities. Abazie said that most of the stations would not only dispense white products, but would also be one-stop shops for sale of cooking gas, lubricants, LPG cylinders and stoves. ``The filling stations will not only dispense white products, but will also be one-stop shops for the distribution of all our products, including TechnoGas Stoves, the flagship stoves, manufactured by Techno Oil Ltd.’’ He said that the management of Techno Oil would continuously monitor service delivery at the mega stations with a view to making sure that no customer was shortchanged in volume or value. Abazie said that the company had deployed 50 new branded trucks to facilitate haulage of petroleum products to the new retail outlets. He said that the trucks were fully branded ``as part of our corporate strategy of backing up the Transformation Agenda of the Federal Government in the energy sector’’.

Enugu to spend N2bn on Miliken Hill reconstruction

F

ollowing the recurrent road crashes on the Milliken Hill-Ninth Mile road, the Enugu State Government has approved N2 billion for its reconstruction. The road was a major gate-

Sullivan Chime, Enugu State Governor

way to Enugu before a bypass was constructed, but it remains a tourism site. Briefing journalists on the outcome of the states’ executive council meeting in Enugu on Friday, the Commissioner for Information, Chuks Ugwoke, said the reconstruction would take care of the gully erosion threatening to cut off some communities in the area. He noted that the contract awarded to CGC Nig. Ltd was expected to last for 18 months. ``The New Market-Milliken Hill-Ngwo-Ninth Mile Corner road has been in a deplorable state. Most sections of the road are threatened by gully erosion which may cut off the road and disconnect access to many communities. ``It is a very strategic road used as a tourism site. The contract has been awarded to CGC Nig. Ltd at the sum of N2.4 billion,’’ he said. Ugwoke said the council also approved another contract more than N1 billion to Greyline International Ltd for the construction of the 19.5-kilometre Ikedimkpa Affa-Amofia Agu-Oghu road. He said the construction was to ensure the road remained in good condition at all seasons. The commissioner said the government also approved the marking of 17 major roads in the state capital at the sum of N315 million. He listed the roads to include Agbani Road, EdozieKenyatta, Nnamdi Azikiwe Avenue, Jim Nwobodo Avenue, Amechi Road, Savage Crescent and Agric Bank-Ozubulu-Port Harcourt express road. The commissioner said the council also approved the payment of N412 million to the Universal Basic Education Board (UBEC) to access its 2013 statutory allocation of UBE matching grant. He said the UBE grant would promote the quality of education and reduce the number of out of school children in the state. Meanwhile, the state government has approved the programme of its 2013 cultural and tourism fiesta holding in December, according to Ugwoke. He said the 11- day festival would comprise symposium,

art exhibition, cultural display, masquerade night and fashion show. He listed other events to include praise night, children’s party and road block musical jamboree featuring artistes and the Werraso Band from the Democratic Republic of Congo. The commissioner said the ministry of culture and tourism would partner with corporate bodies to ensure the success of the event. Ugwoke urged the private sector to partner with the government in promoting the cultural potential of the state. According to him, last year’s event was a huge success and this year’s edition promised to be even better.

ICAN to sign cooperation agreement with tertiary institutions

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he Institute of Chartered Accountants of Nigeria (ICAN) is to sign cooperation agreement with tertiary institutions in line with its mandate to produce world class accountants. The 49th president of ICAN, Kabir Mohammed, said this at the 43rd Annual Accountant Conference in Abuja. The agreement, according to Mohammed, will be based on the institute’s new professional examinations syllabus which is being reviewed in line with international best practice. He said the new syllabus was expected to take effect from November 2014 professional examinations. ``Under the arrangement, accounting programmes of the partnering institutions from entry level to graduation will be jointly moderated by ICAN and its partners. ``On graduation, candidates will be granted appropriate exemptions and will be eligible to sit the institute’s professional examinations. ``The candidates shall also undergo a thirty-six month period of attachment and pass the qualifying examinations of the Institute before being inducted as full members,” he said.

Mohammed

He said that by the time the programme would be fully embraced by tertiary institutions, the institute would have found solution to the challenge of inadequate preparation of candidates for the ICAN examinations. The ICAN president said that the programme was one of the proactive measures by ICAN to ensure that individuals seeking to become chartered accountants acquired the necessary professional skills. ``By this arrangement, the ICAN is modifying the terms of all earlier agreements between it and various universities which came into force in 2010 under the integrated B.Sc Accounting programme. ``Consequently, the next admission of students for 2014/2015 academic year will be based on the agreement which will incorporate the new professional examinations syllabus,” he said.

and with a sharpened focus to implement effective policies in places where poverty remains entrenched, particularly rural areas,’’ Saavedra-Chanduvi said. He called for the acceleration of poverty reduction in low income countries for the effective training of young people. ``Children living in complete deprivation today are unlikely to benefit from growth in the future, unless they secure access to adequate nutrition, education and health services. ``Accelerating the pace of poverty reduction in low income countries represents a moral imperative. There is no time for complacency,’’ he added.

Fadama III empowers 5,000 farmers in Oyo, distributes fertilisers, Only 26 per cent of the inputs in Jigawa

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Saavedra-Chanduvi

poor have access to clean water – World Bank

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nly about 26 per cent of the poor have access to clean water compared to 56 per cent of those living above $1.25 poverty line, a World Bank report says. The report was released at the ongoing annual meeting of the World Bank and the International Monetary Fund in Washington. The bank describes the extreme poor as those who live below $1.25 per day. The report stated that 49 per cent of the extreme poor had access to electricity compared to 87 per cent of those living above poverty line. It added that 61 per cent of those above the 1.25 poverty line had access to basic sanitation, adding that just 20 per cent of the extreme poor had access to similar services. Commenting on the report, Jaime Saavedra-Chanduvi, World Bank Acting Vice-President of Poverty Reduction and Economic Management said that there was an urgent need to improve on livelihood. ``We need to act urgently

ore than 5,000 farmers have benefited from various intervention programmes under the Fadama III projects in Iseyin Local Government Area of Oyo State. Jemmelat Adekunle, the Fadama Communication Officer in the state, told the News Agency of Nigeria (NAN) on Friday that the beneficiaries were in various groups and sub-groups. Adekunle, who was in the local government to inspect some, selected Fadama project farms, said: “We have assisted many farmers in this local government. “For instance, fish and poultry farmers, honey producers and livestock specialists have all benefited from our intervention initiatives. “We are also assisting them in capacity building and input support towards making farming easier for them. I am impressed by the progress made in some of the farms I have visited.” Adekunle said one of the nation’s best honey producing farms was in Iseyin, adding that it also benefited from Fadama intervention. Ige Abiodun, the Director of Agriculture in the local government council, who accompanied the officer on the inspection tour, said that farmers were happy with the interest-free loans they received through the Fadama III. He told NAN that the local government was working with various farmer groups and associations to ensure judicious use of the loans. “We are also working to ensure loan beneficiaries make refund as at when due. When a farmer needs loan support from Fadama, he applies for such through his group and we


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News buy what he needs through the Fadama Users Group,” Abiodun said. He commended the Federal Government for supporting the farmers through the Fadama programmes across the country. Also in Jigawa, the programme has provided tube wells and water pumps to selected dry season farmers in Guri Local Government Area of the state. The Fadama Desk Officer in charge of the area, Malam Umar Babaji, said this while distributing the items to the farmers in Guri. Babaji said that 10 tube wells, 10 water pumps, fertilisers, seeds and work bulls were distributed to the farmers to enable them engage in irrigation activities. He said the beneficiaries were selected from the Lafiya Fadama Community Association (FCA), adding that the gesture was to enhance agricultural activity in the state. Babaji, who did not gave details of the cost of the items, explained that the inputs were given to the farmers under a soft loan revolving scheme, designed to enhance farmers’ access to fertilisers and other inputs.

Abdulahi Habbib, NPA MD

NPA, retirees meet over retirement benefits

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he Nigeria Ports Authority (NPA) says it will meet with its 2006/2007 retirees to resolve contentious issues in its Defined Benefit Pension Scheme on Oct.24. The retirees had on Oct. 3, protested their non-inclusion in scheme. The scheme takes care of retirees whose benefits have not been fully paid by NPA. Iheanacho Ebubeogwu, NPA General Manager, Public Affairs, said that the management and the retirees had agreed to meet to resolve the contentious issues on Oct 24. Ebubeogwu said that the NPA management had written to the Federal Government of its intention to include the re-

tirees in its pension scheme. Charles Binitie, Chairman of the retirees’ group, told NAN that the meeting was important because the retirees were facing a lot of hardship.

Ngama

FG, States, LGs, share N1.25trn for August, September

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he Federal, States and Local Governments have shared N1.25 trillion from the Federation Account for August and September, the Minister of State for Finance, Dr Yerima Ngama, said in Abuja on Friday. Ngama made this known to newsmen at the end of the Federation Accounts Allocation Committee (FACC) meeting for September. A breakdown of the amount showed that the Federal Government received N236.15 billion, State Governments N119.78 billion while Local Governments got N92.34 billion for September. For August, the Federal Government received N248.27 billion, State Governments N125.92 billion and Local Governments N97.08 billion. The minister said the country received N431,07 billion revenue from mineral resources in September, compared with N424.61 billion in the previous month, representing an increase of N6.4 billion. Similarly non-mineral revenue in September amounted to N94.53 billion compared with N123.78 billion in August, representing a decline of N29.2 billion. According to the minister, no fund was proposed as augmentation during the months under review because of moratorium placed by FAAC members. The minister recalled that FAAC members reached a decision only to distribute actual and not budgeted revenue. A breakdown of the distributable figures provided by the minister showed that the statutory allocation distributed to the three tiers of government in September was N507.22 billion, compared with 530.12 billion in August. On the distribution of revenue from the Value Added

Tax (VAT), Ngama said the total revenue for September was N63.9 billion, compared with N69 billion in August. The total revenue shared by the three tiers of government for the months also included refunds by the NNPC and savings from partial subsidy removal. He gave the figures distributed from the NNPC as N7. 6 billion, while N35. 5 billion came from the Subsidy Reinvestment and Empowerment Programme (SURE-P). ``You will recall that the NNPC was allowed to refund the states and the local governments in 32 equal installments of N7.61 billion and they have kept to it. ``This month, they have also paid and this is the 26th installment and we have six more installments to go’’, he said. On the amount shared to the oil producing states under the 13 per cent derivation fund, the minister said N53.65 billion was distributed for September and N52.82 billion in August. According to him, the Excess Crude Account was credited with N18.3 billion September, compared with N18.2 billion in August It would be recalled that FAAC failed to distribute funds to the tiers of government last month due to unresolved disputes over distribution of arrears of revenue shortfall. Chairman, Forum of Commissioners, FAAC, Timothy Odah, said some of the issues had been resolved. The problem of FAAC is that of money and I will not say it is over’’, he said. He said the state commissioners pledged their support to the Federal Government to ensure that the problem of NNPC’s remittances to the federation account was properly looked into. He confirmed that the states received allocations for the months of August and September. He said the meeting also deliberated on the recent monetary policy of the CBN that requires states to deposit 50 per cent of public accounts with the apex bank. Odah strongly criticised the new policy, saying ``it is very demoralising and affecting the states so much.’’

the enrolment of first batch of 60 trainees. The Group said it was committed to contributing to the job creation efforts of the federal Government and the first batch of the trainees will be trained in fitting and mechanical maintenance as well as welding and fabrication”. It stated that another batch of 40 trainees will be joining the Junior Technicians Scheme to raise the number of trainees to 100 and that the second batch would be trained on Automobile (heavy duty), Electrical, Instrumentation and Automation maintenance. At the inauguration ceremony at Obajana, Kogi State, the Executive Director, Stakeholder Management, Engineer Mansur Ahmed advised the trainees to face their training with all level of seriousness so that they can realize their career dreams. He said they should count themselves as privileged to be selected for the training and therefore should reciprocate the good gesture by abiding with the rules and regulations governing the training. In his address, the Coordinator and Group Human Resource Officer for the Company, Pabby Paramjit, welcomed the trainees to the Dangote Group and drew their attention to the mission and vision of the Group and specifically that of the Dangote Academy. He also listed the potential benefits that the trainees stand to gain if they successfully complete the programme adding that beyond the Dangote Group, the training will make them marketable and help them realize their career objectives. Paramjit impressed it upon the trainees to count themselves lucky and take the full advantage of the training as it would help them even in their future pursuit. The ‘JTS’ is the latest addition to the series of training programmes of the Dangote Academy. The Academy which has become the talent pipeline for the Dangote Group with respect to technical skills development has already to date trained over 500 graduates. The Academy runs a number of training schemes which includes Graduate Engineers

Dangote Academy enrols trainee engineers

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s part of its efforts at creating more jobs and make graduates employable, the Dangote Academy, the training arm of the Dangote Group, has inaugurated its new Junior Technicians Scheme (JTS) with

Paramjit

Training Scheme (GETS), Technicians Scheme and Truck Drivers Scheme. The Junior Technicians will be trained over a period of 14 months on general studies, personal effectiveness, workshop practice and on-the-job practical training in the Dangote Cement plants. The JTS training is provided at no cost to the trainees, in addition, Trainees will be provided with free accommodation and transportation and also paid monthly stipend for their feeding and up-keep.

Evacuation of overtime cargo, panacea to port congestion, FG told Stories by Francis Ezem

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orried by the worsening state of congestion in most of the seaport terminals in Nigeria, Tin Can Island Container Terminal (TICT) Limited, the second biggest container terminal operator in Nigeria has made a strong case for the transfer of all overtime containers to off dock facilities as a short term solution to congestion. This is against the background of recent revelation that apart from the removal of more than 500 containers last year, over 2, 500 Twenty Equivalent Units (TEUs) of additional cargo have been abandoned at the terminal since 2006. Managing Director of the company, Mr. Yehuda Kotic, who spoke in an exclusive interview, noted that warnings of looming congestion at the terminal were not heeded by the various port management authorities, which had brought the situation to the current precarious stage. According to him, the Federal Government should approach the issue of congestion from two different perspectives comprising of short and long term approaches. According to him, in the short term, the government should commence the transfer of all abandoned and other overtime containers to off dock facilities such as the Ikorodu Lighter Terminal to increase the capacity of the already congested terminal. Still on the short term, the government should also compel all shipping lines to begin to stem containers at the Nigeria Customs Service bonded terminals, where they will be examined and released to the owners by the relevant government agencies and released to the respective owners. He also said: Government should as a matter of urgency find ways of discouraging clearing agents from using the terminals as their storage


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Monday, October 14, 2013

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News facilities while ‘negotiating’ the release of their consignments, which make the cargo dwell time unnecessarily long”. He argued that the average dwell time of cargo at Nigeria’s seaports is 21 days and above, while it is between three to five days elsewhere, and that as long as the dwell time of cargo remains long, the ports will continue to experience congestion, which does not speak good of Nigeria’s image among comity of maritime nations. On the long term, efforts should be made to ensure that all the government agencies at the ports operate 24 hours per day and seven days of the week to facilitate constant cargo delivery. This, according to him is because the concessionaire operates 24 hour per day and seven days of the week, arguing that even during the public holidays, the terminal operators keeps receiving containers from the ships even as no container will be delivered because the other agencies do not work at the weekends and public holidays. “Poor infrastructure around the ports, high volume of vehicular traffic and the attendant bottleneck contribute to the cause of the congestion at the ports, so government should as a long term deliberate strategy strive to improve on the infrastructure to eliminate all bottlenecks impeding smooth and efficient cargo delivery”, he also suggested He also said: “The governmental authorities should improve the transport infrastructure as well as the Nigerian Ports Authority (NPA) gate, which is too small for a seaport of this magnitude. If these recommendations are carried out, the congestion will ease out”. On the one week ultimatum by the duo Association of Nigerian Licensed Customs Agents (ANLCA) and the National Association of Government Approved Freight Forwarders (NAGAFF) to improve its stock of equipment or face strike action, he insisted that the company has more than enough equipment. “Apart from being a global firm with two major shareholders from China and France with international best practices, we have enough equipment here. In fact we are the first to acquire Rubber Tyre Gantry Cranes in Nigeria, which are noted for efficiency and safety in the handling of containers, most of which are currently under-utilised”, he said. According to him, n terms of plants and equipment, the company has over 150 pieces of refer plugs, more than seven units of mobile harbour cranes, 15 units of rubber tyre gantry cranes and also operates Terminal Operating System about

13 pieces of reach stackers, four units of top loaders, about 47 pieces of tug masters, three forklifts and over 51 units of yard trucks etc. “The problem is that clearing agents use our terminals to store containers until they conclude their ‘negotiations’ with the Customs. You understand what I mean and then the containers will be in the terminal and they will not take it out”, Kotic also alleged.

Mohammed

NPA set to phase out over-aged trucks from seaports

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ess than two months after the Association of Maritime Truck Owners (AMATO) signed a partnership deal on the acquisition of brand new trucks, the Nigerian Ports Authority says it is working on a scheme that would bar over-aged trucks from lifting containers from all the nation’s seaports. AMATO had as part of measures to check the gridlocks that characterise most seaport access roads in Lagos, hinted of its decision to develop a multi-million truck terminal located at the Trade Fair Complex, Lagos in conjunction with Multi-Trade Limited, an indigenous firm. Under the deal, Multi-Trade is to supply members of the association a total of 2,000 units of brand new Mack trucks under a 25-year hire purchase scheme. Manager, Lagos Ports Complex (LPC), Apapa, Mallam Nasir Mohammed, who made the disclosure in Lagos during the grand finale of activities marking the customer’s week, hinted that the authority will henceforth regulate the quality of trucks that pick containers from the ports as part of measures to check pollution and the perennial gridlocks that characterize the port access roads. According to him, just like the AMATO-deal with Multi Trade, the authority will encourage other transport associations to consolidate by coming together to form one single bigger and better association that could be recognized by a private sector firm for the acquisition of brand new trucks. “We will not apply force

rather we will encourage other transport associations to consolidate so that they will enter into a similar pact with a private sector company for the supply of trucks under favourable terms just like AMATO’, the port manager said. He however warned that any transport association which fails to consolidate will run the risk of not being allowed to come into any of the seaports to pick containers because soon we will only recognize and admit into the ports consolidate transporters. “When they consolidate, they are taken more serious in terms of business opportunities and it will give them the ability to negotiate better because they will speak with voice and a common sense of purpose”, the PM also said. On when such policy could take effect, the LPC-boss disclosed that in the next one year NPA might not allow rickety trucks into any of its ports and terminals spread across the country to check pollution and constant breakdown of these trucks and the attendant hiccups they cause both inside the ports and other port access roads. On the criteria to determine a good truck, the Port Manager, noted that even though some experts and technical persons would be appointed to do that when the time comes, it is a common knowledge that a good vehicle must have good tyres, breaking systems and good chasis, which ensure good body build for such a vehicle. It was gathered that the decision of the authority to adopt this line of action was informed by the growing menace of these old and dilapidated trucks, most of which constitute a grave risk to the seaport environment and other road users, as many of them break regularly at the middle of the road unexpectedly, thus causing huge gridlocks on the roads. Chairman of AMATO, Chief Remi Ogungbemi had disclosed that the decision of the association, which is also fusing with other sister groups like the Road Transport Employers Association of Nigeria (RTEAN) and National Association of Road Transport Owners (NARTO) is to rid the nation’s roads of old and rickety trucks. According to him, the association has over the years been worried by the state of most of the trucks that lift consignments from the nation’s seaports, most of which breakdown on the road thus causing untold hardship to other road users. He also disclosed that in the absence of any form of funding or incentive from anywhere, the members had to stick to what they had, but assured that with the current arrange-

ment, most of such trucks would be out of the road.

to meter all their customers, but PHCN could not complete the exercise. Earlier, Robert Yates, who spoke on behalf of the DISCOs, said metering of all the customers would result in additional expenditure on the DISCOs.

Ezekwesili lauds development in agriculture Amadi

NERC wants PHCN’s successors to prioritise customers’ meters

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he Chairman of Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi, on Friday urged the PHCN successor companies to make the provision of meters to customers a priority. Amadi made the call at a two-day workshop organised in Abuja by NERC to sensitise the successor companies and other stakeholders on the draft interim rules and other regulatory issues. ``The new PHCN successor companies should see provision of meter for all their customers as a major priority to avoid bills estimation,’’ he said. Amadi said the idea of the successor companies continuing with bills estimation would not be tolerated, noting that it would not be beneficial to the customers. He said that in the new power reform agenda, both the accounts of the Distribution Companies (DISCOs) and the customers should be balanced and maintained. He said that providing meters for all customers would enable them to monitor their energy usage as well as allow the DISCOs to determine how much revenue they could realise. Amadi said that the more customers DISCOs give meters, the more revenue they would generate, noting that DISCOS would be able to determine the exact number of customers they have from the meters issued. He said the Multi-YearTariff-Order 2 of the Nigeria Electricity Power Sector Reform Act, 2005, provided money to DISCOs for losses incurred in the metering of customers. The NERC chairman gave assurance that the commission would fix a date to determine the timeline DISCOs would be given to ensure the provision of meters to all their customers. Amadi said previously, 18 months was given to the PHCN

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ormer Vice-President of the World Bank, Dr Obiageli Ezekwesili, has applauded the Federal Government’s emphasis on agricultural development in the country. Ezekwesili said in Lagos that the focus on agricultural development was doing a lot to empower farmers across the country. She added that the current emphasis had redirected the focus of more than 60 per cent of the population into agriculture and related businesses. ``I think the emphasis that government is giving to agriculture and agribusiness is very good. I applaud them (officials) for the emphasis on agriculture, agribusiness and enhancing productivity. ``Because, frankly, already we have more than 60 per cent of our citizens in agriculture. So, if you want to tackle poverty, go to the sector where the people who are mostly poor are operating, and it’s in agriculture. ``So, you go to that informal sector of agriculture, you provide them with the kind of tools and the kinds of facilities, the extension services, the links to the market, the seeds and inputs, the access to credit. ``The better business environment, all of these add together to improve their productivity, and therefore, will improve their income. ``Because when you enhance the income of the farmers, what it means is that they have more money that they can spend even in offering education to their children. So that circle of activities is so important for taking the entire society out of poverty. You don’t lift people out of poverty; you give people what they need in order to lift themselves out of poverty,’’ she said. BC

Ezekwesili


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Global News $920m to settle a case related to disastrous trades by Bruno Iksil, who earned the nickname the “London Whale” for his big bets on the financial markets. Last year, the bank admitted to losses of $6.2bn resulting from his activities.

China, ECB sign $57bn currency swap deal Dimon

JPMorgan Chase reports quarterly loss

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PMorgan Chase has reported a loss in the third quarter after setting aside $9.2bn (£5.8bn) to cover legal bills. The bank lost $380m during the quarter, compared with a profit of $5.7bn in the same period last year. JPMorgan is currently in talks with the US government over a potentially huge settlement relating to the sale of mortgage-related investment products in the run-up to the financial crisis. Last month, it paid $920m to settle charges related to a trading scandal. JPMorgan’s chief executive, Jamie Dimon, said: “We continuously evaluate our legal reserves, but in this highly charged and unpredictable environment, with escalating demands and penalties from multiple government agencies, we thought it was prudent to significantly strengthen them.” He stressed that the bank’s underlying business was strong. Stripping out one-off charges, the bank made $5.8bn over the three months to the end of September. JPMorgan now has a contingency fund of $23bn to cover legal expenses. It also said that it could face litigation-related expenses of another $6.8bn. It is currently in talks with the Justice Department over a potentially huge settlement, related to the mis-selling of mortgage related products during the US housing boom. It is thought the settlement could cost as much as $11bn. Dimon stressed on Friday that much of the case related to deals done by Bear Stearns and Washington Mutual, companies that JPMorgan Chase bought during the financial crisis. “The Board continues to seek a fair and reasonable settlement with the government on mortgage-related issues and one that recognises the extraordinary circumstances of the Bear Stearns and Washington Mutual transactions, which were undertaken at the request or encouragement of the US government,” he said. Last month, JPMorgan paid

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hina and the European Central Bank have signed a currency swap agreement worth 350bn yuan ($57bn; £36bn), state-owned Xinhua news agency has said. Such agreements mean the central banks can exchange currencies and firms can settle trade in local currencies rather than in US dollars. The deal is one of the largest for China as it looks to build a more international role for the yuan. It will last for three years and can be extended if both parties agree. Foreign exchange swaps such as these mean two countries agree to swap, or borrow, each other’s currency at an

Zhou Xiaochuan, China Central Bank Governor

agreed rate. In doing so, the parties involved avoid swings in exchange rates. They can also be less reliant on the US dollar for bilateral trade and some business deals. China’s central bank has now signed currency swap deals amounting to some 2.2 trillion yuan with 22 countries and regions, according to Xinhua. “The new arrangement will provide more liquidity to the renminbi market in the euro area, promote overseas use of the yuan, and help facilitate trade and investment,” Xinhua reported China’s central bank as saying in a statement. The European Central Bank said: “The swap arrangement has been established in the context of rapidly growing bilateral trade and investment between the euro area and China, as well as the need to ensure the stability of financial markets.” Europe’s central bank also said the deal would reassure eurozone banks of the continuous provision of Chinese yuan.

Kofi-Buah

Ghana to invest $20bn in new oil discoveries – Energy Minister

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he Ghanaian government says it will invest about $20 billion to develop new oil discoveries in the next five years. Ghana’s online newspaper, the Daily Graphics, quoted Emmanuel Kofi-Buah, the Energy Minister, as saying while speaking at the inauguration of a Ghanaian oil and gas publication, `The Oil and Gas Year’. Kofi-Buah said that the government’s intention for such level of investment was to boost oil and gas production as well as the economy. He said that the construction of a gas processing plant at Atuabo in the western region had been scheduled to be completed in 2014. ``The completion of the plant is expected to make enormous contribution to the country’s energy capacity. ``Government expects Ghanaians to support the efforts of government to put the economy on a viable position in the interest of the citizenry.’’ The minister said the John Mahama-led government remained committed towards developing the petroleum sector in order to boost the financial fortunes of the country.

Brent dips, but set for biggest weekly rise in six weeks

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rent oil slipped towards $111 per barrel on Friday but was still on track for its biggest weekly gain in six weeks. This was after an overnight jump in prices on concern over Middle East supply risks and hopes of end to the US budget crisis. Republican leaders offered a plan on Thursday to extend the US government’s borrowing authority for several weeks, which would postpone a possible US default. This has raised hopes of an end to the budget impasse that has clouded the demand outlook in the world’s biggest oil consumer. Although questions remained over whether a deal

could be struck, the news sparked a big rally on Wall Street and in oil prices, with Brent touching a four-week high of $112 per barrel. “Prices have been coming down through the uncertainty, so we’re claiming higher ground,” said Ben Le Brun, a market analyst at Options Xpress in Sydney. “I think we can expect further upside for both Brent and WTI if they sort this out.” Brun said. Brent futures were 28 cents lower at 111.52 dollars per barrel at 0628 GMT, after closing $2.74 higher at $111.80.

US soon to overtake Russia as top oil producer - IEA

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he US will become the world’s largest oil producer next year overtaking Russia, thanks to its shale oil boom which has remade the global energy landscape. The International Energy Agency disclosed this in its monthly report on Friday. With output of more than 10 million barrels per day for the last two quarters, its highest in decades, the nation is set to become the largest non-OPEC liquids producer by the second quarter of 2014, overtaking Russia. The prediction came only days after estimates by the US government showed the spectacular growth in production has allowed the world’s largest oil consumer to reduce imports. The drop in oil import is so drastic that the US has lost its ranking as the world’s biggest oil importer to China. “The US place in the driver’s seat of growth is also a throwback to decades past. ``And that’s not even counting biofuels and refinery gains,” the IEA said. The Agency said that the spike in US production would allow total non-OPEC supply to grow by an average of 1.7 million barrels per day in 2014, peaking at 1.9 million in the second quarter. ``This is the highest annual growth since the 1970s’’, it said. The IEA said that robust growth would compensate for large disruption in OPEC production and provide a cushion

Obama, US President

for oil prices, which could have spiked much higher than the current $110 a barrel. It further said that OPEC crude supplies slipped to below 30 million bpd for the first time in almost two years, led by steep drops in Libya and Iraq and despite Saudi output topping10 million bpd for a third month running.

Royal Mail shares jump sharply on market debut

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oyal Mail shares rose more than 38 per cent to 456p at the start of conditional dealings on the London Stock Exchange. The hugely oversubscribed sale was priced at 330p per share, valuing the 500-year-old company at £3.3bn. The value rose £1.1bn after trading began. At midday, the shares had eased back to 435p, 31.8 per cent up. Private investors received 227 shares each. The shares are listed officially next Tuesday, but City institutions began conditional dealings on Friday. Some 10 million shares were traded in the first 30 seconds when the market opened. Stockbroker Hargreaves Lansdown reported that its website was having “intermittent problems” due to the “unprecedented interest” in Royal Mail. Tom McPhail, the firm’s head of pensions research, said it was “extremely sorry for the delays”, but was making “significant progress in clearing the backlog” and hoped to have all systems running normally again soon. “We have experienced demand this morning which has gone off the scale,” he said. “We now have six times the normal number of staff working on our dealing lines. We know we are not the only broker affected by such problems this morning.” The price rise is likely to fuel debate over whether the sale of Royal Mail has been undervalued. Business Secretary Vince Cable has insisted that the taxpayer has not been shortchanged by the privatisation. But the general secretary of the Communication Workers Union, Billy Hayes, described the sell-off as “a tragedy” and predicted that it would make “not one scintilla of difference” to employees’ intention to vote for strike action next Wednesday. Hayes told BBC Radio 4’s Today programme: “This is a sham, really. The company has been undervalued. “It’s basically David Cameron rewarding his mates in the City. Vince Cable, one of the cleverest men in British politics, has made one of the stupidest decisions he is ever likely to make as a politician.” BC


National Mirror www.nationalmirroronline.net

Monday, October 14, 2013

He was born into a respectable, and in all ramifications, very comfortable Lagos family. But he is one man who never allowed the affluence of his parents becloud his sense of personal conviction. He is Akin Kekere-Ekun, former managing director, Habib Nigeria Bank Limited and former chairman, Technical Committee, National Council of Privatisation. By Adejuwon Osunnuyi

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kin Kekere-Ekun had everything going for him as a young Lagos boy. Born in the early 50s into one of the most celebrated families in Lagos, Akin, as he is fondly called, had good upbringing, imbued with humility and attended some of the best schools both in Nigeria and outside the country. However, despite his robust family background, Akin never allowed all that becloud his sense of personal conviction. Rather, he effectively tapped into the opportunities provided by his family’s rich background as a stepping stone to achieve his own desires.

Kekere-Ekun

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At a very young age, Akin displayed unqualified brilliance and hard-work so much that when he enrolled for his elementary education at the Ansar-ud- Deen College, Isolo, Lagos, he was usually at the head of the school’s Literary Debating Society team during which the school won many laurels. Even as a youngster, his academic brilliance was so evident that he was usually singled-out, among many of his contemporaries walking through the streets of Lagos. “I remember walking on a street in Surulere in those days and somebody said “Oh! That’s Kekere-Ekun going. In those days, we were able to do things that people recognized you for and that to me was good enough at that age,” he recalled in one of his interviews. In the larger Kekere-Ekun family, education is paramount. Little wonder that through a healthy educational rivalry that had prevailed in the family, early in life, Akin was able to discover his talent as he was a brilliant and courageous student. “I can’t do anything than go for education. That is what my family is known for. You must be educated. My siblings are all graduates, my cousins; you know we were competing so to say. But it was very good rivalry. If somebody was doing something, you either had to do it or do something better than that. And the kind of parents I had, my father helped people who were not even our own siblings. I’m very inquisitive as a person. I want to know what is happening around me. I don’t think there was a time I was going along the wrong path, then changed. I think I just took them as they came. There wasn’t a decision Continued on pg A10


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that I took that I can say that was a result of missing the road as it were.” After passing out of Ansar-Udeen College, the young Kekere-Ekun moved to the Federal School of Science, Onikan, where he finished in 1973 and thereafter, travelled to the United States of America where he did his first degree in Biological Science and Physiology as a minor at Oklahoma State University. He returned to Nigeria in 1977 for the compulsory National Youth Service which he did then at the School of Nursing in Jos, Plateau State. Regarded even as a youngster to be a creative and restless personality full of enterprising ideas and elephantine energies, Akin, even while doing his primary assignment as youth corps member at the School of Nursing, still worked his way into the world of broadcasting. He was engaged as a newscaster with the Plateau Broadcasting Corporation, even as he also served as a Laboratory Assistant at the University of Jos. Though his father had desired the young Kekere Ekun become a medical doctor, which led him to acquire degrees in Biological Science and Physiology, his heart was clearly somewhere else. He craved for a successful career in the finance world. “My father had wanted me to be a doctor but I think I just took things as they came. When I was serving, I realized that with a science degree, I wasn’t going to be very happy and probably would have ended as a lecturer. It didn’t mean much to me and I felt at that point, “look, let me take an MBA which could cut across the world’s industries. That was why I went for an MBA

Monday, October 14, 2013

looking at Marketing and Finance,” he recalled. A week after he finished the youth service, he returned to the US, this time, at Long Island University in New York for his Masters Degree in Business Administration and

It wasn’t all about money for me. There are many things one could get from working in a place other than money. Happiness is very important to me. I was happy working there. I was happy leaving my home and going to office at the bank, probably because of the people I worked with

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later got a PMD from Harvard Business School, Boston. Though he ended up not as a medical doctor like his father had wished, in the corporate world, Akin has been a well revered financial surgeon, turning around institutions with his great brilliance and courage. Today, Akin is an Eisenhower Fellow with vast experiences in various sectors of the Nigerian economy. In January, 1980, he travelled to Belgium for training having secured a job as a Product Marketing Manager while writing his final papers at Long Island. He, however, left the job eight months after resuming after he discovered that the job was more or less like a one-man show. His working sojourn also took him to Rank Xerox but he spent only six weeks before he resigned because of what he described as his discovery that the British Managing Director at that time didn’t like the idea of being brought

into the company by the then Chairman, Dele Fajemirokun. “It wasn’t very easy. But I had to leave at that point,” he recollected. Co-incidentally, around the period that he left Rank Xerox, the Lagos State government created the Lagos State Broadcasting Corporation (LASC), and so he joined alongside Dele Alake, Segun Babatope and Kayode Adeleye. Again, he didn’t stay long as he only spent three months before he resigned to join Capital Trust Brokers which was then affiliated to the Nigerian Stock Exchange. Again, Akin’s stint at Capital Trust Brokers lasted only two and a half years before he moved up to the then Habib Bank. Having joined the bank as a manager, he rose through the ranks and was sponsored by the bank on many trainings abroad. In 1993, he went to Philadelphia for a Fellowship Programme bothering on

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issues of exchange rate mechanism for economic growth and development and three years after, in 1996, he was sent to Harvard University for a programme in Management Development. Unlike many of his peers then who always enjoyed moving around various banks at different time in search of juicier appointments, KerekeEkun remained stuck with Habib Bank, the decision which ultimately paid off for him as he rose to become the bank’s managing director. “I was invited a couple of times to come and be Executive Director or Deputy Managing Director of some organizations but I just looked at what was going on for me then. In Habib Bank, there was an attraction. As a member of staff, you were part owner also. I had quite a sizeable amount of shares as a staff. I didn’t just look at the package outside; I also considered the stability of the bank and the culture of conservatism. I mean it sort of fits my kind of person. I’m basically a conservative person,” he recalled. According to him, most people move out of one job to another principally for money. “It wasn’t all about money for me. There are many things one could get from working in a place other than money. Happiness is very important to me. I was happy working there. I was happy leaving my home and going to office at the bank, probably because of the people I worked with.” Those who claim to know him fairly well say KekereEkun is a very reserved and cultured individual who speaks with methodical reticence, a man who strictly believes in the laid down procedures. He works in line with the system. However, unknown to many, his journey into Habib Bank, where he later held sway, was not without its thorny experience. While he had hoped that having graduated and worked for six years earlier, he would be given a top position in the bank hierarchy, the then Pakistani Assistant General Manager who interviewed him didn’t think he should get anything higher than an officer. He simply didn’t just reckon with his experience. “My experience in the corporate finance, Capital Trust Brokers, a stock broking firm, was taken into consideration at the point I was interviewed. The former Minister of Agriculture, Adamu Bello, was the Deputy


Managing Director of Habib at the time but the Pakistani Assistant General Manager who interviewed me didn’t think I should get anything higher than an officer,” recalled. For him too, after graduating in 1977 and working for about six years, a Banking Officer appointment did not go down well with him. But then, Bello, whom himself was a stock broker at a time “changed it and I was made a manager as against other people. At the point I came, I was actually the second most senior Nigerian after Adamu Bello, although the gap was very wide,” he said. For a man imbued with courage and determination, Kekere-Ekun never feel intimidated by his emergence as one of the youngest bank CEOs in the country then. To him, there is no small boy in the hierarchy of banking. If he has his way, based on his outstanding performance as a bank CEO, he would have rather recommended younger bankers becoming banks’ CEO, a stand which the current Governor of Central Bank of Nigeria, Sanusi Lamido aligns with. “You see, there is no small boy in the hierarchy of banking. For you to be Managing Director of a bank, you must have certain qualities because you cannot just be a Managing Director of a bank without the approval of Central Bank of Nigeria. You may be young looking, but you may have acquired a lot of experience. We know one another in the industry and we accord one another appropriate respect,” he was quoted as saying sometimes ago. Kekere-Ekun says he does not deal with people from the age perspective but rather, what you can contribute. “We shouldn’t look at people as being too young or being too old. Like people look at a certain person and say ‘why did they make him this, he is too young to be this’. Is he working well, is he able to execute what he is supposed to execute in a respectable manner and most of these people account for themselves positively, few may not be able to handle it well but most bank MD’s I know have done very well. When you start looking at them as young, young, young it’s just a few that are excited. You don’t need to be a Methuselah to run an organization,” he had noted. In 2001, Kekere-Ekun’s managerial acumen was serious put to the task with very stiff competition coming

Business Courage

Monday, October 14, 2013

from the “second generation” banks but then, he, with his wealth of experience, was able to turn the situation to an advantage for the bank. At that time, the trend was to deploy state-of-the-art information technology towards improving customer service, however, Habib Bank was a “laggard” in this regard, as most of its branches were not on line. But in spite of this, the bank had its strong points. It was conservative and gave its customers personalized services. This paid off as most customers wanted a bank which could “conserve” their hardearned wealth. Aside the outstanding career he had at the defunct Habib Bank, Kekere-Ekun also played a very vital role in the success story of Africapital Management Limited (AML), where he serves as a director. Africapital Management Limited is an institution which provides financial and investment advisory services to a diversified client base, which includes corporations, financial institutions, governments, state owned enterprises and high-net-worth individuals. Its pragmatic solutions based approach to the opportunities and challenges facing its clients ensure that they achieve their objectives. AML’s financial advisory service focuses on several business segments comprising the infrastructure, oil & gas, financial institutions, media and telecommunications, real estate and industrial sectors while it remains committed to developing key relationships with clients and uniquely positioned in providing them with a broad range of services on the basis of its vast advisory, restructuring and reorganization, principal investing, infrastructure and industrials platform. AML also provides unrelenting commitment to ensuring its clients achieve the best possible outcome for their strategic and financial growth objectives. Perhaps, in recognition of his outstanding contribution to the private sector, Akin Kekere-Ekun was in 1999, appointed by former President Olusegun Obasanjo as chairman of the Technical Committee on Privatization. Kekere-Ekun believes privatization is the best for the country as he notes that business is best driven when it is led by the private sector. “Given the fact that the approach we used from 1999 is quite different from what we had

Kekere-Ekun

You see, there is no small boy in the hierarchy of banking. For you to be Managing Director of a bank, you must have certain qualities because you cannot just be a Managing Director of a bank without the approval of the Central Bank of Nigeria. You may be young looking, but you may have acquired a lot of experience

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used hitherto, I think I would say so far, the programme has been satisfactorily run. We would do a lot better if we could enlighten the public, letting them know that this is the way to go because government has no business doing that. You know they came into it when the Nigerian public was not ready; we were not financially ready to take up those enterprises. But I think we have people who could run these enterprises and own them. Hitherto, people did not think that they could own those enterprises. They treated them with disdain, they were owned by government,” he had noted in the course of his assignment then. In 2003, he was appointed chairman of USP Communica-

tions Limited, one of the leading advertising companies in the country. He had stepped into the shoes of Bashir elRufai who had resigned his chairmanship of the company. Shortly after he became the Chairman, Akin Kekere-Ekun brought in again his wand of change as he led the company transformation, which saw it dropped its toga of advertising or marketing communications while donning that of brand management consultancy. Kekere-Ekun had expressed regret that of the 100 brands of the world, none is from Africa. With this development, USP became the first brand management consultancy in Nigeria. By the same token, the company had to resign its membership of the As-

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sociation of Advertising Practitioners of Nigeria (AAPN) so as not be seen anymore as an advertising agency. The company, which came into existence in 1998, was formed by the trio of Muyiwa Kayode, Dada Ajai-Ikhile and Kunle Ajose. Also, in 2003, KekereEkun became the chairman of Express Discount Limited, one of Nigeria’s leading discount houses, succeeding Mohammed Nanono, who had retired from the board of the company. Kekere-Ekun’s appointment was by virtue of his position in Habib, which was then, one of the institutional shareholders in Express Discount Limited. Educational institution is another area where the wealth of experience of Kekere-Ekun has been greatly tapped. In 2004, former Governor of Lagos State, Bola Ahmed Tinubu appointed him as the ProChancellor and Chairman, Governing Council of the Lagos State University and had the compliment of some of the best corporate titans like Wale Tinubu, MD Oando Plc, Dr. Toyin Phillips a former Director UBA Plc and Fola Adeola , former MD of GT Bank to work with. Having left LASU as the Pro-Chancellor and Chairman, Governing Council, currently, Kekere-Ekun is a member of Board of Trustees of ABTI-American University of Nigeria, the first Nigerian university to be established with an American structure and curriculum. Kekere-Ekun, an Eisenhower Fellow, also served as a member of Dr Kalu Idika Kalu-led 22-man panel on refining operation and output in the country set-up by the Minister of Petroleum Resources, Diezani Alison-Madueke in 2012. The National Refinery Special Task was set-up to conduct a high level assessment of Port Harcourt, Warri and Kaduna Refineries, review all past reports and assessments and produce a Diagnostic Report complete with a Change Journey Map, among other responsibilities. He had also served as Chairman, Committee on Review of the Management of National Hospital for Women and Children, Abuja. Married to Kudirat KekereEkun, a Supreme Court judge, Akin, though, highly hardworking, he is said to be an introvert and a member of the old school bankers who believe in conservative lifestyle in and out of the banking hall. BC


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Business Courage

Monday, October 14, 2013

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10 Questions

Lasro Simbolon, Director for African affairs, Ministry of foreign affairs, Republic of Indonesia, was in Nigeria recently as part of a larger delegation that interacted with Nigerian private sector operators on the investment opportunities and how the two countries can better improve their trade relationship. In this encounter with Emmanuel Ogbonnaya, Simbolon spoke on the desire of his government to take full advantage of the huge economic potentials in Nigeria, even as he canvassed for more Nigerian businesses in his country. Excerpts‌

What is your assessment of the business relationship between Nigeria and Indonesia? On the broader picture, when you look at the statistics, in 2006, overall trade volume between Indonesia and Africa stood at around $4 billion, however that figure has been on the increase quite consistently and today, the total trade between Indonesia and Africa is approaching $12 billion. Nigeria has always been there among the top three but today as we

speak in Africa, Nigeria is our number one trading partner at over $3 billion in total volume. However, it is deficit to Indonesia because we import a lot of your crude oil. In terms of non-oil and gas, we are also experiencing an increase in the volume of business being done by both countries at over $400 million and this is a source of optimism. In the non-oil and gas sector, we import cotton, rubber, cocoa among other commodities, while we export things like crude palm oil, textiles and other consumer goods. The very good news is that in terms of investment, Nigeria is also the number one investment destination for Indonesian companies and it is growing. How do you think bilateral trade gains can be improved upon by both countries? There is evidently a strong source of optimism in our trade relationships and we are looking to double it in 2015. The two governments have gradually but convincingly developed tools to facilitate relationships and cooperation between both countries which is also the same message I consistently deliver to our private sector in Jakarta from region to region. Truly, we are aware of the challenges, but the government is committed to prepare to meet them because the relationship between the two nations only matter because of the private sector. What are the purposes of your visit to Nigeria? My visit here actually is to try to keep the momentum and to diversify

‘

I want to see more Indonesian companies coming to invest in Nigeria and vice-versa. We have very strategic sectors in Indonesia like the property sector which is fast developing where Nigerian investors can also become stakeholders if they seize the opportunity

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H

ow would you describe the Indonesian perception of the African continent? In Indonesia, the African continent is still being perceived in the image of 20 years ago, an image of crisis and conflicts which is very unfortunate, because that is not the true picture and therefore, not fair, inspiring and encouraging to the continent. If this image and perception continues, Indonesia will stay calm watching while China, India, Turkey, Thailand and Malaysia will be working in mutually beneficial relationship with the African continent. We need to translate our solidarity with the continent into more mutually beneficial undertakings in the areas of trade, investments and people to people contacts. In Indonesia today, we are aware of the huge opportunities present in Nigeria because it stands in number one position among Indonesia trading partners at over $3 billion despite the deficit to Indonesia because we import a lot of your crude oil to sustain our economic development for industries and households.


Monday, October 14, 2013

the investment portfolio; I want to see more Indonesian companies coming to invest in Nigeria and vice-versa. We have very strategic sectors in Indonesia like the property sector which is fast developing where Nigerian investors can also become stakeholders if they seize the opportunity. Another reason for this visit is that in February this year our, president paid a very successful state visit to Nigeria and after that in July this year, we hosted a very successful joint commission meeting in Jakarta chaired by the two foreign ministers. However, this is all a comma not a full-stop because in November this year, we will be hosting the Nigerian president on his state visit to Indonesia, which is one of the reasons for my visit, to receive from your private sector inputs on how to make the visit translate into concrete gains for the private sectors of both countries.

What reforms or strategies are being adopted by the Indonesian government to attract foreign investors? We learnt the hard way in 1998/99 when we faced financial and economic crisis which also led us to bring our nation into democracy and reform all sectors including our macro-economic policies. We also opened up our markets for more investments and introduced reforms for improving the business environment by making it more conducive for investors. We also revamped our banking sector to make it more prudent and instill confidence in the general public; we also managed to sustain all these developments. Recently, because of the daily balance of payment, our economy is still very much relying on imports of certain products and a slowing down of demand for our own commodities. And because of this, our GDP growth has also decelerated, but we are making some corrections in our local currency that will help balance the situation.

commitment for cooperation in economic, trade and investment opportunities that will further enhance interactions between the private sectors especially translating the Memorandum of Understanding (MOU), between National Association of Chambers of Commerce Industries Mines and Agriculture (NACCIMA) and the Indonesian chamber of commerce into concrete actions. The state visit will be a celebration of this natural partnership between both countries because our relationship is comprehensive and multi-faceted in trade and investment and capacity building in all sectors that are very much relevant to our experience.

What are expectations from the outcomes of your President’s visit here in February and the intended visit of President Jonathan to your country later in November? I think 2013 is a historic year for the two nations; two state visits and one joint commission which raises our expectations and gives us the reason to build on these achievements for our multilateral agenda and complement each other. We will also solidify our capacities for counter-terrorism, transnational organised crimes and for governance which will deepen mutual sharing between the two nations that have undergone almost similar phases of transformation. We also hope that it will seal our

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Recently, because of the daily balance of payment, our economy is still very much relying on imports of certain products and a slowing down of demand for our own commodities. And because of this, our GDP growth has also decelerated, but we are making some corrections in our local currency that will help balance the situation

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countries, whether in the distribution channels or people in the production channels, industry, and agriculture, horticulture, Small and Medium Enterprises (SMEs) and service sectors. We are also concentrating on those areas that are relevant to our needs: agriculture, small and medium scale industries, fishery, and human resource development (education).

What impact has Nigerians living in Indonesia made on your country’s economy? In Indonesia, we have Nigerians in our towns and markets and they are very industrious people and a major part of our trade expo. Nigerians constitute a main component of the expo because they usually have the largest number of delegates and also in terms of buying.

What strategic sectors would you single out for mutual business collaboration between both countries? In Indonesia, the sectors are huge and very open to Nigerian business people to invest in, especially in the areas of construction and property development and we have received some indication of interest from Nigerians to invest in these sectors. Here in Nigeria, we have 16 Indonesian companies in operation already in various sectors of the economy like chemicals, consumer goods and textiles either independently or in joint partnerships with their Nigerian counterparts. Although in my day to day interactions with the private sector operators in Indonesia, I try to persuade them on the huge opportunities here in the mining and construction sectors in Nigeria which they should explore. Today, we are aware that Nigeria is focused on the diversification of its economy and that is why construction is booming here, in terms of mining, we import a lot of our crude oil because we produce only two-third of what we need and I feel that Indonesian companies can become players in the Nigerian oil sector because of the window of opportunity which we see here. Trading is still very much open because we have like 35 Indonesian companies conducting trade with Nigerians besides the ones already established here. Some companies in the lubricants, wire and cable and household goods sectors have also met with me to register their interests in establishing possible partnership with Nigerians.

How can some of the challenges of bilateral trade that have been identified and those that may likely emerge be eliminated between both countries? This is the reason we decided to establish a joint study group consisting of representatives of the two countries to find ways of curbing some of the impeding challenges to bilateral trade and one of these solutions may come in the form of a common economic partnership agreement. I cannot give more details on how it will look like for now because it is very technical and we will be relying on serious research work to actually get it right in terms of our plus and minuses, our strengths and challenges

Generally speaking, how would you describe the economic relationship between Nigeria and Indonesia? We see Nigeria as a natural partner, a strategic partner with whom we have a lot of modalities already in place; our diplomatic relationship is a strong one and we are very much optimistic that we are going to move from strength to strength, an invitation to do more for the people of the two nations. The fact that Nigeria is the main trading partner of Indonesia in the continent is a source of optimism that the complementarities are there and that our leaders are doing everything positive to enhance and triple the volume. BC

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On our part in Jakarta, we have started to work on joint study group to prepare this undertaking and we trust that our Nigerian counterparts are also working on their side and hopefully before the president’s visit, the two teams will have joint interactive sessions so establish whatever is suitable to facilitate solutions to take care of all the challenges of the private sectors for us to become better strategic partners. We would also look at it in terms of tariffs, non-tariffs, complementary commodities and any component we see capable of enhancing trade flow and balance. We aim our efforts at enhancing the over-all well being of citizens of both


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Business Courage

With 20 Nigerian investors pooling resources to develop mobile devices that will cater for the Nigerian populace, Nigeria and South Africa seem to be in the race for the producer of the first Made-in- Africa smartphones

Monday, October 14, 2013

Prototype of the new South African designed and built smartphone and tablet

By Adejuwon Osunnuyi

I

n a matter of days, Nigeria may soon be joining the league of telephone producers and perhaps, becoming the first African country to do so. The ucts Phone and Allied Products DAN) Dealers Association (PAPDAN) oon said last week that it will soon s – launch two new phones a. made exclusively in Nigeria. To be called the iQ and e a MaxTel, the devices are vesresult of 20 Nigerian invess to tors who pooled resources h develop mobile devices that would cater for the Nigerian population and are due to hit the market in November, early enough for Christmas. Interestingly, the PAPDAN announcement came shortly after South Africa’s Seemahale Telecoms and CZ Electronics’ had made a similar announcement that the two companies would also start designing, developing and manufacturing smartphones in South Africa. To achieve the feat of becoming the first to produce telephone sets especially smartphones in Africa, Seemahale Telecoms and CZ Electronics entered into a partnership to manufacture smartphones and tablets in South Africa in what analysts described as a possibility waiting to happen. According to the President of PAPDAN, Godfrey Iyke Nwosu “PAPDAN has identified a growing appetite for cutting-edge technologies among Nigerian telecoms consumers and the two Nigerian brands would cater to three market segments in the feature, medium and smartphone seg-

m e n t s to offer choice to consumers.” According to the Nigerian Communications Commission (NCC), mobile phone users rose to just over 120-million as of July 2013, which translates to over 69 per cent of the population being in contact through some form of mobile device. Nwosu revealed that PAPDAN members sell in excess of two million mobile phones monthly within Nigeria and surrounding countries, adding that the new devices would provide home-grown solutions for the Nigerian technology market. However, while PAPDAN will be developing and manufacturing the two devices for Nigeria, Seemahale CEO, Thabo Lehlokoe believes their South African project is a first in Africa. “This project is a first in Africa as far as I am aware. It’s not right that out of a billion or more phones in Africa, none are made or assembled in Africa. Some are designed here, but they’re then made in China,” he said. According to telecommu-

nications solution provider Seemahale Telecoms’ website, the company is a 100 per cent black owned company which focuses on Broadcasting and Telecommunications infrastructure and services, and is also the only company in

Lehlokoe

South Africa that is a premier partner of Motorola Mobility and Platinum VAR of Advanced Media Technology (AMT) for Passive Optical LAN for Africa. The printed circuit boards that will be used in the production of the locally-made smartphone will be imported,

Nwosu

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but everything else will be done locally, which includes the assembly of components such as chips and wiring, housing production and the printing of user manuals. According to TechCentral, the companies will manufacture a 5-inch smartphone and a 10.1-inch tablet. “Both devices will be powered by Android and will cost ‘considerably less’ than big-name products. Both will run stock Android with no additional overlays favoured by other manufacturers. The phone will run Android 4.3; the version of the tablet must still be firmed up,” they noted. “The phone and the tablet will be branded with our own brand, but we’ll also consider white-labelling it,” Lehlokoe added. The smartphone is expected to make use of a 960×540-pixel LCD capacitive-touch screen, have 4GB of storage, while running on a dual-core 1,5GHz processor powered by a 2 250mAh battery. Lehlokoe is a medical doctor turned entrepreneur with a special interest in ICT, having spent the last 12 years in companies with a strong ICT foundation. Until recently, he served as Vice President of the Information Technology Association of South Africa (ITA), was a Council Member of Business Unity South Africa (BUSA) and was active in


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Business Courage

Monday, October 14, 2013

Technotalk

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

Awesome iPad tips and tricks

Y

ou might think you know all there is to be known about your iPad, but am certainly not sure you are aware that your ipad can perform variety of functions and make you productive any where you are. Here are little-known and extremely awesome iPad tips and tricks that will help you. Take a screen shot This is perhaps the most awesome trick I have to share. Have you ever achieved a top score in a game, or encountered a scenario where you feel you could take a picture of the event? Well, now, you will be able to do just that by pressing and holding the on/off button on the upper right-hand side of the iPad, then press the home button. You will see your screen go white and depending on what you have running; you will hear a sound like you have just taken a picture.

Johnson

its Trade and Industry Committee. With over 781 million mobile subscriptions in Africa, it has become worrisome that virtually all the telephones are being manufactured outside the continent. According to Ericsson’s annual Mobility report, Nigeria and South Africa are two of the continent’s most connected countries in terms of mobile phone subscriptions and have helped to push up overall numbers on the continent to over 781-million subscriptions. Nigeria has been the fastest growing country on the continent, adding more mobile subscriptions than any other country. In the second quarter of this year, the nation added 20-million new connections. According to NCC, the country has 181-million connected lines and over 120-million active lines. On a global scale, Africa is the third-most connected in terms of mobile subscriptions, surpassed only by Asia Pacific and China, who currently have 1.28 billion and 1.17 billion mobile subscriptions respectively. According to the report, with the current growth rate of mobile phone subscriptions, it is expected that the global growth rate will increase by six per cent by 2018 and reach the nine billion subscription mark. Although worldwide mobile penetration reportedly

Juwah, NCC Boss

reached 6.5 billion (91 per cent), “the actual number of mobile subscriptions is around 4.5 billion, since many have several subscriptions,” claims the Report. Ericsson’s Head of Strategic Marketing and Intelligence, Patrick Cerwall, said “China alone accounted for 30 per cent of net additions, adding 30 million subscriptions; Indonesia added nine million; India added eight million; Bangladesh added five million; Nigeria added four million in terms of net additions.” While it might not be impossible seeing South Africa achieving the feat of becoming the first African country to manufacture telephone sets, the same might not be the same with Nigeria. For instance, experts, especially global handset makers have continued to decry the unfavorable business environment as factors which have been making it impossible for phones to be manufactured in the country. Nigeria’s poor business environment, manifest by the absence of proper intellectual property (IP) protection controls and dearth of public infrastructure, they said, remains the critical drawback discouraging foreign investments in the area of establishing mobile phone factories in the country. If Nigeria does not swiftly address these impediments to enterprise growth and development, phone makers

such as Samsung, LG and Nokia have severally in over the years warned that investments in mobile phone factories will remain an illusion, in spite of the country’s enormous mobile device market. This is coming on the heels of a recent proclamation by the minister of Communication Technology, Omobola Johnson, at a presidential retreat with the private sector recently, that Nigeria’s competitive telecommunications landscape and its attendant potentials were enough incentive for global phone manufacturers and SIM (Subscriber Information Module) card manufacturers, to set up factories in the country. Prospective financiers and investors, according the phone makers, are more often than not, apprehensive that their investments could be negated by these barriers. The delicate process of making phones, especially smart phones, they say, requires a high degree of technological advancement, which Nigeria currently lacks. “Assembling of phones is a delicate industry and smart phone manufacturing is even more delicate. In my opinion, countries that lack requisite labour laws, IP protection controls, basic infrastructure such electricity, and have a high operational costs, are least considered when decisions are being made, with regard to investments in local factories”, an industry expert submitted. BC

Hiding App Store purchases If there is a need to hide specific apps that you have purchased in the app store, it’s as simple as a swipe and tap. You can achieve this by opening the app store, click purchased and find the app you want to hide, swipe either left or right over it, then the greyed-out installed button will be replaced by a red button. Simply tap hide, then exit the app store. Triple-click functionality You might have known that you can double-click your home button to bring up the multitask tray, but did you know you can configure your home button to perform an action when triple-clicked? This is achieved by tapping the settings app, followed by general, accessibility, tripleclick home, and you select from that list what you would like the home button to do when you quickly click it three times in a row. Split the keyboard When typing with thumbs only, you can split your keyboard with extreme ease by touching both sides of it with your thumbs, then swipe out towards the edges of your iPad with each thumb. Your keyboard will stay like that for as long as you want it. If you want to make it one singular keyboard again, simply touch your thumbs on each side of the split keyboard, and then swipe your thumbs toward each other. App Groups Creating an app groups will help you to consolidate up to 20 apps into one convenient group by tapping and holding an app. Once you see the icons start jiggling, move the app on top of another app. That is a group which is a great way to have almost 400 apps on just your home screen. However, there are always default apps on the iPad that are there to stay which cannot necessarily be deleted but can all be moved into a group which is a Newsstand. It’s really great keeping all those apps out of sight and out of mind. Finally, If you write a lot on your ipad and sometimes you feel the need to delete a whole sentence or section without having to tap backspace a million times can be achieved by shaking your iPad using a text-editing app, normally the short menu will appear the first time you do it, it will only give you two options. If, however, you have already deleted something, then you can undo the deletion with another shake. BC


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Business Courage

Michael Ikpoki, MTN Nigeria CEO

MTN generates N1.7bn on callertunez monthly Stories by Kunle Azeez

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n estimated N1.7 billion is currently being generated by Nigeria’s largest telecoms operator, MTN on charges for callertunez from its subscribers on a monthly basis. The telecoms company disclosed at the weekend that it has achieved another milestone as its Callertunez service has grown to become the largest distribution platform for music in Nigeria, with over 17 million subscribers, a record in the telecommunications industry. Business Courage, however, estimated that with each subscriber paying a minimum of N100 for callertunez per month, the telecoms firm, which currently has over 50 million telecoms subscribers on its network, may have been raking in an average of N1.7 billion monthly. This figure is expected to rise as more subscribers get attuned to using callertunez to entertain receivers of their each time they make calls. Launched in 2008, MTN Callertunez has been found to be one of the unique solutions to the distribution problem in the Nigerian music industry as it is impossible for the service to be pirated or duplicated. Nigerian artistes are thus provided with a credible means for monetizing their content. The service currently offers Nigerians a library of over 12, 000 Callertunez from various artistes. According MTN, one of its key strategic focuses was to connect Nigerians with their passion for music, and the organisation constantly demonstrates this via innovative marketing initiatives some of which are Project Fame and MTN Songstar. “Of note, is also the fact that MTN is particularly committed to promoting the consumption of Nigerian content which is evident in its heavy and frequent Marketing campaigns for exclusive Nigerian music content and the MTN App Developer challenge which is aimed at driving the local developer ecosystem. As a result, MTN

is now the preferred partner for many top Nigerian artistes and content providers,” MTN said in a statement. Meanwhile, MTN said to commemorate Nigeria’s 53rd Independence Anniversary, it was rewarding over 2000 loyal subscribers on the service with high-end smartphones and other exciting prizes for 53 days. According to the statement, subscribers will be selected in all regions across the nation and prize presentations will be made accordingly. Chief Marketing Officer, MTN Nigeria, Larry Annetts, explained that MTN is always at the fore-front of creating milestones in entertainment and digital innovation. “Through this service and more in the pipeline, we hope to continue to support the Nigerian entertainment industry.” According to Annetts, “To further excite and make it easier for customers to discover their favourite songs on MTN Callertunez, a Facebook app and a smartphone app for the service will both be launched before the end of the year.”

Intel, UN partner on digital literacy for women

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lobal information technology firm, Intel, in partnership the United Nations and the Kudirat Initiative for Democracy (KIND), has unveiled a new programme designed to expand digital literacy skills among young women and girls in developing countries. Tagged ‘She Will Connect Campaign,’ the novel campaign was flagged off with an exclusive screening of the Intel ‘Girl Rising’ movie at the Silverbird Galleria Cinema in Lagos at the weekend. According the partners, the initiative seeks to reach 5 million women and reduce the gender gap by 50 percent. The event, hosted by The United Nations and KIND brought together young girls from schools all over Lagos State in celebration of the International Day of The Girl Child. The event enjoyed the support of several non-governmental organisations (NGOs) and other organisations such as Zonta International Clubs in Nigeria, Nigerians Report Online and the United Nations

Ekundare

Monday, October 14, 2013

Information Centre, among others. Speaking at the event, the Country Manager, Intel West Africa, Olubunmi Ekundare restated Intel’s commitment to bring about positive change for the African Girl Child, and stressed the importance of educating the girl child. “Here at Intel, we believe, and I’m sure we all agree, that smart girls are the equivalent of a smart world. What we seek to do, more than encouraging you all to do your best in school and seize the opportunity, is to build a world where youth are inspired to be advocates for change,” he said. Ekundare further stated that technology plays an important role in empowering the girl child through education. “The Internet has transformed the lives of billions of people. It functions as a gateway to ideas, resources and opportunities that never could have been realized before. But our research shows that girls and women are being left behind. We believe that closing the Internet gender gap has tremendous potential to empower women and enrich their lives as well as all the lives they touch,” he added. Also speaking, internationally acclaimed producer and producer of the Intel ‘Girl Rising’ film, Holly Gordon explained in her address to the students, the rationale behind the documentary. “When you educate girls, good things happen. The individual stories in this movie are not remarkable; they focus a light on barriers girls face trying to get an education every day,” she said.

Ericsson leads task force on UN broadband report

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special task force led by President and Chief Executive Officer of the Global Information and Communication Technology giant, Ericsson, Hans Vestberg, has delivered the report of the of the International Telecommunication Union (ITU) and the United Nations Educational, Scientific and Cultural Organization UNESCO on broadband. The new report looks at several aspects of broadband and its positive effects on people, environment and society. The report, entitled: “Transformational Solutions for 2015 and Beyond: The Report of the Broadband Commission Task Force on Sustainable Development” analyses national broadband plans for 138 countries and identifies best government practices, urges governments to act now and to include broadband in their national development agenda. The report, which also makes a number of support-

Vestberg

ing recommendations, is to be recognised by the United Nations Secretary-General, Mr. Ban Ki-Moon. Speaking on the report, Vestberg said, “As the post2015 sustainable development agenda process evolved, we felt an urgent need to see action. We see so many opportunities for broadband to transform all aspects of society. Technology evolves faster than policy, and we wanted to make a concerted effort to do everything we could to raise awareness of the potential.” Also commenting on the report, the Secretary General, ITU, Dr. Hamadoun Touré, said through the work, the Broadband Commission would like to encourage the international community to recognise the need for transformative solutions in the post-2015 development agenda; and this report makes the case. “The report presents for the first time new research showing how countries around the world use their national broadband plans as key policy instruments to leverage the full potential of broadband as an enabling infrastructure to accelerate sustainable development; yet there are also many missed opportunities, not least within poverty reduction and food security.” The report, among others, recommends the need to make broadband affordable for all and the need to deploy national development policies and plans to actively drive cross-sector integration of economic and social outcomes deliverable and scalable through ICT and broadband. IN the report, best practices are highlighted from five countries such as Japan, Mexico, the Philippines Rwanda, and Sweden, which the, report says, have successfully integrated a wide range of development goals into their national broadband plans.

National Mirror www.nationalmirroronline.net

tions Limited, publishers of Telecom News, Globacom was cited to have impacted the lives of ordinary Nigerians who otherwise would have been hopeless. According to the citation, Globacom through its public sector partnership and youth empowerment programs, has brought economic succour to millions of Nigerians who otherwise would have been out of work, or with little or no means of livelihood. “In addition, Globacom has provided recreational value for Nigerians in the midst of challenges facing the nation through its investment in sports sponsorship and entertainment,” the citation read. Globacom was also said to have been doing its “business in a way that is friendly to the environment while at the same time plowing back into the society it serves.” Globacom is the major sponsor of the National teams, the Nigerian Premier League and the Nigerian Football Supporters Club. It has also massively supported golf and marathon. In entertainment, Globacom brought to Africa for the first time the highly rated and world’s biggest singing TV reality show, X Factor. These projects have provided an opportunity for countless Nigerians and indeed Africans to showcase their talents. In addition, Globacom has given the biggest support to the entertainment industry in the country, signing on actors, musicians and comedians and organising mega shows around the country. At roll- out in 2003, it immediately became the toast of subscribers with more advanced 2.5G network, state-of-the-art Value Added Services and affordable and pocket-friendly tariffs. The network particularly took competition by surprise and endeared itself into the hearts of the subscribers when it dropped the price of the SIM pack to N1 and later to zero naira; pioneered per second billing and rolled out across the country in such a record time that the International Telecoms Union (ITU) recognised Globacom as being the fastest growing network in Africa, Asia and the Middle East. BC

Glo wins Most Society Friendly Network award

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till basking in the euphoria of its 10th anniversary celebration, Glo has been adjudged the Most Society Friendly Network in Nigeria by the Nigerian Telecoms Award. At the event organised in Lagos by Logica Communica-

Mike Adenuga, Globacom Chairman


National Mirror www.nationalmirroronline.net

Business Courage

Monday, October 14, 2013

A17 33

Nigeria-UK target £8billion bilateral trade by 2014 — Tafida

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ilateral trade between Nigeria and the United Kingdom is expected to rise to about £8billion by 2014, the Nigeria High Commissioner to the United Kingdom, Ambassador (Dr.) Dalhatu Tafida, has said. He dropped this hint at the Business Networking Luncheon event organised by the Nigerian London Business Forum (NILOBF) in London recently. Tafida, who recalled that bilateral political relations between Nigeria and the UK since the former’s independence from

the latter, have been very cordial, albeit with some intermittent hiccups, particularly during the military rule in Nigeria, said it was heartening to note that “Presently, the two countries enjoy very cordial political relations. “They have continued to cooperate and collaborate on issues of mutual interest in international organisations, particularly in the United Nations and the Commonwealth. These shared ties have complemented and reinforced the robust political relations, and positively impacted on the eco-

nomic prosperity of the two countries.” Speaking specifically on the level of inter-trade between both countries, Tafida emphasised that the cordial bilateral political relations have translated into increased bilateral trade and economic cooperation between the two countries. “The drive for improved trade and economic relations made the leaders of the two countries, President Goodluck Ebele Jonathan, and the Rt. Hon. David Cameron to set an ambitious goal to double bilateral trade to £8billion by 2014.

This goal was set in June 2011 when Cameron visited Nigeria and met with Jonathan. Since then, both leaders have remained committed to the realisation of this target. “I am confident to say that we are very well on the way to achieving, and possibly surpassing the ambitious goal set by our two leaders; i.e. to double bilateral trade to £8billion by 2014. It may interest you to note that bilateral trade as at the time the goal was set in 2011 was about £4billion but it rose to £5.5billion at the end of 2012,” he stressed. BC

Tafida

Manufacturing exporters get N12bn NEXIM funding

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igerian Export-Import Bank (NEXIM) has stated that it has provided N12 billion in lending to Nigerian export manufacturers, many of who put the “Proudly Nigerian” label on their products in the West African sub-regional market and globally. The bank also said that it has funded agro-processing export enterprises to the tune of N6.6 billion in the period August 2009 to April 2013, Managing Director of the Bank, Roberts Orya, who stated

this in Abuja, said agriculture alone contributes over 40 per cent to GDP with investment opportunities in cash crops like cocoa, rubber, cashew, oil palm, gum arabic among others. “The Nigerian government seeks to develop value-chains in high potential crops and other agriculture commodities, including tomatoes, soya beans, cotton, rice, maize and cassava. In the area of mineral resources, Nigeria has over 34 solid minerals in commercial

Orya

quantities.” Orya noted that “Nigeria is now more attractive as an investor destination with an increase in inflow of Foreign Direct Investment (FDI) to $8.9 billion in 2011 from $4.9 billion in 2004 while total merchandise trade increased from $118.93 billion in 2010 to $153.1 billion in 2011.” Lamenting the insignificant volume of trade between African nations, the Managing Director said the non-oil sector in Nigeria offers huge investment op-

portunities, saying that “Nigeria is a major producer of food and cash crops and the Nigerian government seeks to develop values chains particularly for value added products like tomato, soya bean, cotton, rice, Maize, cassava, leather and wood products.” “With an annual food deficit growth of 3.4 per cent reaching $22 billion in 2011 according to the Food and Agricultural Organisation (FAO), Nigeria can contribute to food security in Africa,” he said. BC

The Stock Market last week

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turnover of 1.482 billion shares worth N15.164 billion in 21,606 deals were traded last week by investors on the floor of The Exchange in contrast to a total of 1.625 billion shares valued at N15.372 billion that exchanged hands the previous week in 15,935 deals. The Financial Services Industry (measured by volume) led the activity chart with 996.513 million shares valued at N7.755 billion traded in 11,818 deals; thus contributing 67.26 and 51.14 percentages to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 320.577 million shares worth N774.085 million in 1,656 deals, contributing 21.64 and 5.10 percentages to the total equity turnover TOP 10 PRICE GAINERS: Company INTERNATIONAL ENERGY FORTE OIL PLC. WEMA BANK PLC. U T C NIG. PLC. JOHN HOLT PLC. ASHAKA CEM PLC WAPIC INSURANCE PLC AIICO INSURANCE PLC. MOBIL OIL NIG PLC. CUSTODIAN AND ALLIED

Open 0.71 39.38 1.02 0.61 1.14 20.00 0.85 0.78 110.05 1.50

volume and value respectively. The Consumer Goods Industry came third with 46.030 million shares worth N2.794 billion in 3,866 deals. Trading in the top three equities namely Transnational Corporation of Nigeria Plc, Consolidated Hallmark Insurance Plc and Unity Bank Plc (measured by volume) accounted for 519.493 million shares worth N658.673 million in 1,554 deals, contributing 35.06 and 4.34 percentages to the total equity turnover volume and value respectively. Similarly, a total of 85 units of NewGold Exchange Traded Funds (ETFs) valued at N171, 665 executed in two deals were traded during the week compared with a total of 50 units valued at N101,800 transacted the previous week in one deal. Also, 5,390 units of FGN

Close Gain (N) 0.94 0.23 48.00 8.62 1.22 0.20 0.70 0.09 1.30 0.16 22.60 2.60 0.96 0.11 0.87 0.09 119.40 9.35 1.62 0.12

% Change 32.39 21.89 19.61 14.75 14.04 13.00 12.94 11.54 8.50 8.00

bonds valued at N5.446 million were traded in five deals during the week. INDEX MOVEMENT The NSE All-Share Index rose by 0.18 per cent to close on Friday at 36,991.62 while the market capitalization of the equities on the main board also appreciated by 0.18 per cent to close at N11.782 trillion. Similarly, the NSE 30 Index gained 0.17 per cent to close at 1,735.80. Other NSE indices appreciated during the week with the exception of one. NSE Banking, NSE Insurance, NSE Oil/Gas NSE Lotus II and NSE Industrial Goods inched up by 1.74, 1.22, 5.07, 0.60 and 0.66 percentages respectively, while NSE Consumer Goods Index slipped by 0.80 per cent. However, the NSE-ASeM remained flat.

TOP 10 PRICE LOSERS: Company BERGER PAINTS PLC TRANSCORP PLC PORTLAND PAINTS LEARN AFRICA PLC IPWA PLC UBA CAPITAL PLC CONTINENTAL REINSURANCE IKEJA HOTEL PLC R T BRISCOE PLC. NEIMETH INTERNATIONAL

Open 8.70 1.89 5.60 1.86 0.96 1.50 1.20 0.80 1.37 1.20

Close 7.60 1.71 5.10 1.70 0.89 1.40 1.12 0.75 1.30 1.14

Loss (N) % Change -1.10 -12.64 -0.18 -9.52 -0.50 -8.93 -0.16 -8.60 -0.07 -7.29 -0.10 -6.67 -0.08 -6.67 -0.05 6.25 -0.07 -5.11 -0.06 -5.00

SUMMARY OF PRICE CHANGES Forty one equities appreciated in prices during the week lower than 49 equities of the preceding week. Thirty nine equities depreciated in prices higher than 24 equities of the preceding week, while 117 equities remained unchanged lower than 124 equities of the preceding week. BC


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Business Courage

Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

Behind d Wheels This page is open to sponsorship

The new Cherokee delivers superior performance, exceptional fuel economy, craftsmanship and user-friendly connectivity. By Emmanuel Ogbonnaya with Agency report

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ore than three decades ago, the Jeep Cherokee downsized the notion of off-roading wagons-and helped deliver the SUV to the masses. It bred the Grand Cherokee, and by default, the Explorer too, and became a cornerstone nameplate for the outdoorsy, utility-minded brand. The 2014 Jeep Cherokee marks the return of a classic Jeep nameplate. Previous Jeep Cherokees were no-frills offroad vehicles that provided little more than basic transportation when you got them on the pavement. The 2014 Cherokee is wholly different. It’s a small crossover SUV. And while it still has a fair amount of all-terrain ability, this new Jeep is more remarkable for its spacious and attractively furnished cabin, pleasant ride and smooth V6 engine. The All-new sculpted and aerodynamic exterior of Jeep Cherokee makes a strong statement. A bold design steeped in Jeep brand heritage. The fluid and modern design is a game-changer, a next generation Cherokee that’s equally at home on the rugged trail or uptown at the theatre. A refined and sophisticated interior The Cherokee interior is a sophisticated blend of handsculpted fluid shapes, highquality materials, innovative colour and material choices, precision craftsmanship, stateof-the-art technology and thoughtful, clever features. Its inspired design features stateof-the-art, high-tech features that are intuitive and easy-touse. The front-passenger seat in the 2014 Jeep Cherokee folds flat and offers hidden, in-seat storage by flipping up the passenger seat cushion clever. In past years, the gap in ci-

vility between the Cherokee and Grand Cherokee cabins was large, but for 2014, they’re far more comparable. The materials in the 2014 Jeep Cherokee have a high-quality look and feel, and we’re hard-pressed to name another small crossover that beats it for style. Passenger quarters are spacious in the new Jeep Cherokee. It’s easy to get comfortable in the available power driver seat, which offers ample adjustability (although the steering wheel has an oddly limited range of height adjustment). The cabin does paramedic duty here, healing up all that poorly thought-out stretching with some palliative shapes and some truly nice finishes and touches the downside is that prioritizing passenger space has resulted in a lower maximum cargo volume: With its rear seats folded, the Jeep has 10-15 fewer cubic feet than most competitors. Whether it’s to your trip to the backwoods or next gig Cherokee delivers. Versatility is key with 60 / 40 split second row seats with fore / aft functionality. Also has a recline function for added comfort. Rear passengers will enjoy an added 2.2 inches of legroom compared to Liberty. A refined, covered top bin is

located above the center stack on top of the instrument panel for secured storage of items such as a wallet or phone. The clever Jeep cargo management system adds handy hooks and a removable grocery bag as well as many innovative and thoughtful add-on storage solutions including a First Aid Kit, accessories available through Mopar for a smooth and comfortable ride. Superior on-road handling Jeep Cherokee features new front and rear independent suspensions that provide outstanding on-road driving dynamics and a fun-to-drive experience. A speed-sensitive electronic power steering system helps improve fuel efficiency and automatically adjusts for sporty handling on the road or limited effort maneuvering during

parking. The Jeep Cherokee features a class-exclusive nine-speed automatic transmission and when mated to the new 2.4L MultiAir2 Tigershark I4 engine achieves a Best-in-Class driving range of up to 490 hwy miles on one tank. The new powertrain improves fuel efficiency by 45 per cent and features a new industry first disconnecting rear axle for maximum fuel efficiency while providing superior 4x4 performance. A new powerful spirit and soul Jeep calls the new Cherokee a mid-sizer, however it’s really sized quite closely with compact crossovers like the Honda CR-V, Subaru Forester, Ford Escape, and Toyota RAV4 at about 182 inches long, with a wheelbase

of about 106.3 inches, it’s only a few inches longer than those models, much smaller than a Chevrolet Equinox. There’s no third-row seat, but this is a roomy five-seater, with a back seat that’s suitable for adults or even asking three to sit across for shorter distances but the jutting front headrests might enforce a slouching position that robs some of that rear-seat space. The second row slides fore and aft to choose between legroom and cargo space, and there’s a handy organizer for the more retentive fans. It’s nice to have that go-almost-anywhere capability when you need it, but the 2014 Jeep Cherokee also comes with some new tech features that you’ll probably make use of a lot more often. An 8.4-inch touchscreen interface is available in most mod-


National Mirror www.nationalmirroronline.net

Business Courage

Monday, October 14, 2013

A19 35

Behind d Wheels This page is open to sponsorship

Autocare

Lane Departure Warning, and new Adaptive Cruise Control with Stop and Go.

els, and there’s also an option package that bundles forward collision, lane departure and blind-spot warning systems with automatic high-beam control, adaptive cruise control and an automated parallel and perpendicular parking system. Indeed, the Cherokee is the first Jeep that will park itself, and it’s an unusual feature to see in this class. Powertrains and Performance Standard on all 2014 Jeep Cherokees is a 2.4-liter fourcylinder engine rated at 184 hp and 171 pound-feet of torque. Optional on all but the base Sport is a 3.2-litre V6 that makes 271 hp and 239 lb-ft of torque. A nine-speed automatic transmission is standard with both engines. You have your choice of front-wheel drive or four-wheel drive with either engine, but Trailhawk models are 4WD only. Jeep offers two different 4WD systems. Standard on four-wheel-drive Sport, Latitude and Limited models is the light-duty Active Drive I 4WD system; it requires no input from the driver and is suitable for driving in wintry conditions. Standard on the Trailhawk and optional on other 4WD Jeep Cherokees is the more deluxe Active Drive II system, which features low-range gearing to give the vehicle extra capability in off-road situations. The Trailhawk also has a locking rear differential to aid progress on rough terrain. In addition, four-wheel-drive Cherokees feature a Selec-Terrain dial with selectable Auto, Snow, Sport and Sand/Mud modes to optimize trac-

tion; the Trailhawk features an additional Rock mode. Hill start assist is standard on all Cherokees, but only the Trailhawk has hill descent control. A tow package is available on all 2014 Jeep Cherokees, and with it included, V6 models have a 4,500-pound towing capacity. The EPA has released fuel economy ratings for Cherokees with the Active Drive I 4WD system: Four-cylinder models are rated at 21 mpg city/28 mpg highway and 24 combined, which is slightly below average for this class, while V6 Cherokees with this 4WD system rate 19/27/22: good numbers for a six-cylinder crossover SUV. Safety Standard safety equipment on all 2014 Cherokees includes antilock disc brakes, stability and traction control, front and rear seat side airbags, side curtain airbags and front knee airbags. A rearview camera is either standard or optional on all models. Trailhawk and Limited models are available with a large option package that includes a forward collision warning system (with automatic brake intervention in potential collision situations), a lane departure warning system that will give the steering wheel a nudge if you veer out of your lane on the highway, and blind-spot and rear cross-traffic alerts. Parallel and Perpendicular Park Assist The All-New Jeep Cherokee has over 70 available safety and security features inclu including: new Perpendicular Park Parallel and Perpendic Assist, ParkSense fro front / rear Park Assist, Blind Sp Spot Monitoring (BSM) an and Cross Path Detecti Detection with dual radar sensors to monit monitor driver blind blin spots, standard 10 airbags with stanw dard fulld length side-curtain and side thorax airbags, new b LaneSense

Body Styles, Trim Levels, and Options The 2014 Jeep Cherokee is a small, five-passenger crossover SUV offered in four trim levels: Sport, Latitude, Trailhawk and Limited. Standard equipment on the Sport includes 17-inch steel wheels and all-season tires; air-conditioning; power accessories; keyless remote entry; a tilt-and-telescoping steering wheel; a 60/40-split folding and reclining rear seat; Bluetooth phone and audio connectivity; and a six-speaker audio system with a 5-inch touchscreen interface, USB/iPod integration, an auxiliary audio input and an SD card reader. The Latitude adds alloy wheels, roof rails, foglights, body-color door handles and mirrors, privacy-tinted glass, LED interior lighting, a folding front passenger seat, a leatherwrapped steering wheel with audio controls, vinyl trim on the door panels and a 115-volt outlet. In addition, Jeep Cherokee Latitudes come with a wider range of options, including a V6 engine, dual sunroofs (the front roof opens; the rear glass is fixed), an upgraded nine-speaker audio system and an 8.4inch touchscreen interface with smartphone app integration. The off-road-themed Trailhawk is 4WD only and comes with slightly wider 17-inch wheels and all-terrain tires; unique suspension tuning (aimed at making the Jeep more capable in the dirt); a rear locking differential; functional skid plates and tow hooks; unique fascia trim and side moldings; upgraded instrumentation; the 8.4-inch touchscreen and satellite radio. The Limited sheds the Trailhawk’s off-road hardware but includes all the same interior electronics. It also comes with 18-inch alloy wheels and allseason tires; automatic headlights; keyless ignition/entry; dual-zone automatic climate control; a power driver seat; heated front seats and steering wheel; leather upholstery; a rearview camera and a cargo cover. Options are the same as on the Trailhawk, except that the Luxury Group takes the place of the Comfort/Convenience package. In addition to a power liftgate, this option group includes xenon headlights, premium leather upholstery and ventilated front seats. Indeed the 2014 Cherokee Jeep is noteworthy for its unique blend of Off-road grit and onroad grace capabilities. BC

Essential car accessories

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here are certain car accessories you cannot do without. Here is a list containing the most essential! Remote locking system, gear locks and steering locks There are a number of devices to deter car thieves, but these three are crucial. Remote locking systems bypass the need for an ignition key to lock the car, and it also sets the anti-theft alarm when you lock the car. Quality systems feature an impact detection sensor which sets off the alarm even if a window is tempered with. Gear locks lock the car into a set gear until you unlock it. There are two types, the u type and the pin type. The pin type lock fits below the gear lever, while the u type consists of a stand and a lock. The stand is fixed on to the floor of the car, and the lock is made of hardened steel. Steering locks prevent the steering from turning. They are spring loaded, with two appendages that fit on to the inside of a steering wheel, and extensions on both sides prevent the steering wheel from turning. Tubeless puncture repair kit A puncture repair kit will enable you to fix a punctured tyre without waiting for a rescue service but they cannot repair a blow out. The kit consists of a spiral tool, inserting tool, puncture seals, rubber cement and a blade. Some have air canisters to inflate the tyres, but an electronic tyre inflator is recommended. These kits can only repair punctures on the tread and not on the side walls.

Car cover A cover keeps a car dirt and dust free when parked besides bird droppings, rain sunlight and the elements. A fabric cover is effective indoors. For the outdoors, a water-resistant cover with a soft inner lining is recommended. Ensure the cover fits your car snugly to avert dirt creeping in. Floor mats All weather mats keep the car floor clean. Made of rubber, the underside has rubber grooves to keep them from moving around. the channels on top spread water across the mat. The raised edges prevent water, mud and contaminants from flowing on to the floor Seat covers Car seat covers protect the seats, increase comfort, and can enhance the aesthetics of the interiors. Fabric seat covers are the cheapest, do not heat up very easily and can be dry cleaned but are not very durable. Rexin seat covers heat up quickly and are prone to fading. Leather covers look and feel good and are very durable, but need care. Nylon seat covers are tough and water-resistant but not as comfortable as leather covers. Air freshner Air fresheners and perfumes keep a car cabin smelling good. There are oil wick fresheners, can style fresheners, cardboard fresheners and aerosol sprays. Hands-free Cell Phone Connector Although it is not recommended that anyone drive while talking on the cell phone, there are often emergency situations or calls that need to be addressed and this is why a handsfree cell phone connector is one of the best auto accessories that you could have. Rather than shuffling for the phone, using a hands-free connector is much more convenient and will not distract you from driving. Cell Phone Charger This is one of the essential auto accessories if you own a cell phone. A cell phone charger connects to your phone and also to the cigarette lighter in order to recharge your cell phone’s battery. If you happen to encounter car trouble on the highway only to find that your cell phone battery is empty, you will be glad to have this handy little device to give you instant use of your cell phone. BC


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National Mirror www.nationalmirroronline.net

NSE market indicators grow by 0.08 per cent

‘Tier-1 Banks not keen in acquiring bridged banks’

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I

he market indices on the Nigerian Stock Exchange (NSE) on Friday closed on the upbeat, recording a marginal growth of 0.08 per cent. Due to improved gains by some major blue chips, the All-Share Index appreciated by 29 basis points or 0.08 per cent to close at 36,991.62, against the 36,962.62 recorded on Thursday. Also, the market capitalisation rose by N9 billion to close at N11.782 trillion against the N11.773 trillion recorded on Thursday. Mobil led the gainers’ chart by N4.40 to close at N119.40 per share. UACN followed with N1.98 to close at N63.50 per share, while Zenith Bank grew by 69k to close at N21.51 per share.

International Breweries appreciated by 67k to close at N20.08 per share, while Ashaka Cement rose by 60k to close at N22.60 per share. On the other hand, Flour Mill led the losers’ chart, dropping N1.99 to close at N81 per share. Dangote Cement followed, depreciating by 50k to close at N189 per share, while Nigerian Breweries declined by 40k to close at N169.50 per share. Berger Paint also lost 40k to close at N7.60 per share, while ETI fell by 34k to close at 13.65 per share. Investors on Friday exchanged a total of 291.83 million shares worth N3.5 billion in 4,075 deals against the 308.07 million shares valued at N2.1 billion traded in 4,305 deals on Thursday. BC

Standard Chartered, Skye Bank, others provide $100m facility for MainOne

S

tandard Chartered Bank Limited, Skye Bank, First Bank of Nigeria Plc and First City Monument Bank have provided a $100 million refinancing facility for MainOne Company Nigeria Limited to drive the growth plans of the company. Standard Chartered Bank emerged as the lead arranger. MainOne Cable is the first private submarine cable operator in West Africa and is pursuing further expansion in terrestrial fibre networks and data centres. The group continues to expand its capacity and is engaged in several projects which when completed will further strengthen its existing dominant position in the business for business telecommunications sector in Nigeria. This is a landmark transaction for Standard Chartered, marking its first submarine cable financing in Nigeria. Standard Chartered Bank worked closely with Nigerian lenders in arranging the financing. The other lenders in the deal are First Bank of Nigeria Limited, Skye Bank Plc and First City Monument Bank Plc. Funke Opeke, CEO MainOne Cable Company Limited said the agreement will enable MainOne expand its services across Nigeria and West Africa. She stated that key to MainOne’s growth strategy and vision is to ensure that it continues to deploy infrastructure required to make its services available and affordable to institutional customers across its markets. Specifically, the company is building a Tier 3 data centre and is also deploying an extensive fibre-optic network around Lagos. She added that access to affordable broadband services will enable Nigeria and other countries in West Africa continue to grow their economies at a faster pace”. Bola Adesola, the Managing Director/ CEO of Standard Chartered Bank Nigeria Limited stated that “We are proud to invest in MainOne Cable

Adesola

Nigeria Ltd as the company is one of the largest telecom operations in West Africa. “We believe this is a turning point for domestic growth and development in our local economy. Our established footprint in Asia, Africa, and the Middle East, along with our long history of supporting trade flows to and from these regions, position us well to provide vital funding to growing companies in growing economies.” Remi Oni, the Head of Client Coverage at Standard Chartered Nigeria also said that “Standard Chartered is very pleased about the opportunity to arrange this financing in conjunction with other banks. Main one has built a strong brand ubiquitous with reliable, high quality and professional service. The financing is a testament of our commitment to be here for good.’’ It would be recalled that Skye Bank was the lead financier of MainOne’s first broadband rollout in 2010 and has consistently partnered with the broadband company to become the topmost broadband company in the West African sub region. BC

ndications have emerged that none of the nation’s Tier 1 banks may show interest in the three banks being put for sale by the Assets Management Corporation of Nigeria (AMCON). According to the timetable drawn by AMCON, one of the banks, Enterprise Bank Limited, is supposed to get a buyer this month in what industry analysts see as a test case for the other two bigger banks, Mainstreet Bank Limited and Keystone Bank Limited. Although AMCON is keeping sealed lips over the number of potential investors who have shown interest in Enterprise Bank, market watchers had expected some of the nation’s Tier 1 banks to show interest given the clean bill of health recently given the three bridged banks by regulatory authorities. Based on Agusto & Company’s (a research company) assessments, tier1 banks consist of Zenith Bank Plc, FBN Holdings Plc, United Bank for Africa (UBA) Plc, Guaranty Trust Bank Plc and Access Bank Plc. However, Group Managing Director, First Bank of Nigeria Plc, Bisi Onasanya, ruled out the possibility of any of the big banks going for the banks being put up for sale. Onasanya explained that given the hold of the big banks on the economy, it would amount to over concentration of risks if any of them make bid for the bridged banks. When asked if First Bank would bid for any of the bridged banks being put up for sale, Onasanya said the bank had learnt lessons from the roles played by financial institutions in the current global and economic crisis, stressing that there was need to protect a bank like First Bank. “I think that we are approaching that point where concentration risks in the industry may be becoming a major source of system vulnerability. As it is, five Tier 1 banks control about 70 per cent of the market and 80 per cent of PBT. “Ordinarily, anti-trust concerns should be raised were any one of these institutions minded to buy into the three bridged banks. Further consolidation of the industry along these lines will have clear and present implications on competitiveness, and consumer welfare. “However, if we recall that one main lesson from the roles played by financial institutions in the current global and economic crisis is the need to closely supervise systemically important financial institutions, and then you understand why we may not be interested in bidding for any of the bridged banks,” Onasanya said. While the Asset Management Corporation of Nigeria (AMCON) and the financial advisers have so far kept the identities of those that have indicated interest

Onasanya

in the purchase of Enterprise Bank under wraps, some analysts have argued that preference should be given to strong and well managed local bank that desires to acquire the commercial bank. This, they argued, would produce a merged financial institution with better value as the potential investor already understands the Nigerian banking environment. However, some other analysts have argued that a foreign investor acquiring Enterprise Bank would enhance competition and strengthen the industry’s risk management profile. Proponents of the call of the sale of the bank to local investors cited the acquisition of the defunct Intercontinental Bank, Oceanic Bank and FinBank respectively by Access Bank Plc, Ecobank Nigeria and First City Monument Bank Plc during the last banking sector reform. These transactions to them have since delivered value to stakeholders because of the involvement of local banks. Also, they cited the recent acquisition of the operating licence of the former Societe Generale Bank of Nigeria (SGBN) by a local core investor operating as Heritage Bank Limited. Enterprise Bank is wholly owned by AMCON. The other commercial banks owned by the corporation are Keystone and Mainstreet Banks. The corporation had acquired them in August 2011, after the intervention by the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN). Enterprise Bank was created from the carcass of the defunct Spring Bank, while Keystone Bank and Mainstreet Bank were created from the defunct Bank PHB and Afribank respectively. As part of efforts to divest its shareholdings in the three banks by 2014, starting with Enterprise Bank, AMCON had appointed Citigroup Global Markets Limited (Citi) and Vetiva Capital Management Limited as Financial Advisers as well as G. Elias & Company as Legal Adviser to the transaction. BC


National Mirror www.nationalmirroronline.net

Business Courage

Monday, October 14, 2013

A21 37

FSDH forecasts six-year low inflation rate in Nigeria for September

A

head of the release of Nigeria’s inflation rate figure for September 2013 by the National Bureau of Statistics (NBS), the research unit of FSDH Merchant Bank has forecast an inflation rate (yearon-year) of 7.5 per cent, representing a 70 basis points decrease from August 2013 of 8.2 per cent. According to FSDH, “Our model indicates that the price movement in the consumer goods in September would increase the Consumer Price Index (CPI) to 148.34 points, representing a month-on-month increase of 0.36 per cent. The increase in the CPI in September will produce an inflation rate (year-on-year) of 7.5 per cent, representing a 70 basis points decrease from August 2013. The expected inflation rate of 7.5 per cent in September will be the lowest inflation rate since December 2007. Looking into October, we expect inflation rate to drop below 7.5 per cent.” FSDH said it arrived at the forecast while considering the movement in the food prices at the international level as measured by the Food and Agriculture Organization (FAO) Food Price Index (FFPI) for the month of September 2013 released on Thursday, October 03, 2013 which indicated that the Index averaged 199.1 points in September, 1 per cent below its August value and 5.4 per cent lower than in September 2012. “The FAO Food Price Index measures the monthly changes

Rilwan Belo-Osagie – MD/CEO FSDH

in the international prices of a basket of food commodities. According to the FAO, the decline in the Index in September, which marked the fifth consecutive monthly drop, was largely driven by a sharp fall in the international prices of cereals, while prices of all other components of the Index, namely dairy, oils, meat and sugar increased marginally. “The sharp decline in the FAO Cereal Price Index (down 6 per cent), from August is due to a generally favourable supply outlook, in particular for maize and rice. Meanwhile, the prices of wheat which had fallen sharply for three consecutive months were largely unchanged from August due to stronger demand and less favourable production prospects in the Southern Hemisphere countries. “Also, the FAO Oil/Fats Price Index was largely unchanged from August. Month-on-month, prices of soy oil strengthened as a result of a further downward revision for the United States soybean production, follow-

ing reports of persistently dry weather in major US growing regions. “Prices of dairy products in the Index changed slightly in September, but export prices of dairy narrowed, which pointed to a more balanced supply and demand condition. However, sugar prices increased for the second consecutive month. “The increase in sugar prices is mainly attributable to unfavourable weather condition hampering harvesting operations in the Centre-South region of Brazil. Also, rising demand in India, the world’s largest sugar consumer, due to festive seasons helped provide some short-term upward support to sugar prices,” it said. Moreover, FSDH said its analysis of the foreign exchange rate indicated that the value of the Naira appreciated marginally by 0.01 per cent, against the US dollar in the month of September 2013, compared with the unchanged value in August 2013. It said, “The general decline in the international food prices between the two months under review and the appreciation in the value of the Naira in September indicates that there should be no adverse impact of imported inflation on domestic prices. “In another development, an analysis of the average prices of a basket of consumer goods that FSDH Research monitored across the country in September shows that the prices of some components of the basket increased over August levels. BC

Market Indicators for Week Ended 11-10-13 All-Share Index 36,991.62 points Market Capitalization N11,782,362,568,771.86 Stock Updates GAINERS COMPANY

OPENING PRICE

CLOSING PRICE

CHANGE

INTENEGINS

0.86

0.94

9.30

CUTIX

1.88

1.97

4.79

CCNN

9.00

9.43

4.78

MOBIL

115.00

119.40

3.83

INTBREW

19.41

20.08

3.45

COMPANY

OPENING PRICE

LOSERS

UBA re-launches U-Gold Hybrid savings account

C

ustomers of United Bank for Africa (UBA) Plc, now have the privilege of opening and operating a savings account that gives them many of the privileges usually reserved for only holders of a current account. This and other benefits were unveiled by the bank during the re-launch of its “U-Gold” savings account at an impressive ceremony in the coal city of Enugu. The ‘U-Gold’ is a hybrid account reserved for customers who want to have a low cost savings account but desire the convenience offered by a current account like the ability to issue cheques for third party withdrawals. With U-Gold, account holders can issue cheques to other people to withdraw money directly from their accounts. Cheques on the U-Gold account are however not eligible for clearing purposes. It is primarily to make it easier for the ac-

count holder to carry out banking transactions without having to visit the bank always. A customer can open a UGold savings account with a minimum of N5,000.00 only, and enter into a world of high value banking services with Africa’s global bank. Holders of this account also stand to benefit from the bank’s range of cost saving e-banking products and services like internet banking, a personalized debit card among others. Olumide Osunyomi, Head, Retail Products, UBA Plc, said the U-Gold Savings Account is a new product that replaces UBA Gold and UBA Gold Plus Savings Accounts. “U-Gold Savings Account allows third party withdrawal through non-clearing cheques while other types of savings account do not allow third party withdrawal. This means holders of the bank’s UGold account can issue cheques on their account to other people

to withdraw cash just like a current holder can issue cheques. The only difference is that the person issued the cheque, must personally visit the bank to make the withdrawal over the counter, unlike a current account, where the person can pay the cheque into his own account,” she explained. U-Gold however comes with significant benefits for account holders, according to Osunyomi. Some of the benefits include the fact that there will be no limit on number of withdrawals from the account, zero COT on cash withdrawals and interbank transfers, the ability of account holders to lodge cheques and dividend warrants in their U-Gold account, the ability to carry out internet and mobile banking, debit card issuance, SMS and e-mail alerts. Even more, holders of the UBA’s U-Gold account will also earn interest on their account balance at normal savings rate. BC

CLOSING PRICE

CHANGE

BERGER

8.00

7.60

WAPIC

1.01

0.96

-5.00 -4.95

ETERNA

2.90

2.76

-4.83

WEMABANK

1.28

1.22

-4.69

AFRIPRUD

1.95

1.86

-4.62

Inter-Bank Rates TENOR

RATE%(PREV) 02-Oct-2013

RATE%(CURR) 09-Oct-2013

CALL

10.7500 - 11.0000%

15.5000 - 15.5000%

OBB

9.0000 - 14.0000%

10.4500 - 16.5000%

Primary Market Auction TENOR

AMOUNT (N’mn)

RATE (%)

DATE

91-Days

20159.21

10.8

09-Oct-13

182-Days

43490.87

11.64

09-Oct-13

364-Days

68184.89

11.74

09-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

AMOUNT SOLD

DATE

$300m

MARKET DEMAND $300m

$300m

30-Sep-13

$400m

$300,154,695.86m

$300,154,695.86m

25-Sep-13


A22 38

Business Courage

Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

By Johnson Okanlawon

A

udited report and accounts of the fast moving consumer goods company for the year ended December 31, 2012 showed that the company has not broken even considering huge investments in 2010. The increase in interest expenses and low sales affected the company’s bottomline in the year under review. While it ostensibly leveraged on large-scale global purchasing power to reduce relative cost of sales and create larger topline profit, a double in financing charges sapped the mid-line, leaving the conglomerate with almost flat bottom-line. With negligible 1.5 per cent increase in profit after tax and just difference of 8.0 kobo between distributable earnings per share and previous dividend payout, the company was constrained to retain dividend payout at N1.40 per share. The constraints also reflected in underlying returns, which slipped to lower levels in 2012.

Structures Unilever Nigeria is the earliest publicly quoted conglomerate. With some 100,000 shareholders, it has one of the largest diversified shareholders base. Incorporated in 1923, it was listed on the stock exchange in 1973. Individual and institutional Nigerian shareholders currently hold 49.96 percent equity stake in the conglomerate while Unilever Group holds 50.04 per cent majority equity stake through Unilever Overseas Holdings B.V. There were no notable changes on the board of the company during the year. His Majesty Nnaemeka Achebe still chairs the board of directors while Thabo Mabe still leads the executive management team as managing director. Unilever Nigeria complies with international best practices and codes of good corporate governance. It is one of the predictable companies in terms of voluntary compliance with extant rules and regulations. Finance The audited report for 2012 showed that total assets increased by 13 per cent from N32.25 billion in 2011 to N36.50 billion in 2012. Current assets had dropped by 8.4 per cent from N16.13 billion to N14.78 billion. Total long-term assets meanwhile improved significantly from N16.12 billion to N21.72 billion. Total liabilities however grew by 17 per cent to N26.46 billion in 2012 as against N22.62 billion in 2011. Liabilities had grown on the back of 18 per cent increase in

current liabilities from N18.9 billion to N22.33 billion and 11 per cent rise in long-term liabilities from N3.72 billion to N4.12 billion. While paid up share capital remained unchanged at N1.89 billion, shareholders’ funds inched up from N9.64 billion to N10.04 billion. The underlying financing structure weakened in 2012 with debtto-equity ratio of 43 per cent as against a zero immediate bank loans in 2011. The proportion of equity funds to total assets also slipped from about 30 per cent to 28 per cent while current liabilities increased to 61 per cent of total balance sheet size as against about 59 per cent in 2011. Long-term liabilities amounted to 11.3 per cent of total assets in 2012 compared with 11.5 per cent in 2011. However, the disproportionate growth in assets and liabilities in first half of 2013 impinged on the equity base of the company. Shareholders’ funds dropped to N7.49 billion by June 2013 as against N10.04 billion recorded by December 2012. Total assets had increased slightly from N36.50 billion in December 2012 to N38.13 billion by June 2013. Total liabilities rose from N26.45 billion in December 2012 to N30.64 billion by the end of June 2013. Efficiency Tight cost management and stable productivity underpinned a relative efficiency outlook. Total cost of business, excluding financing charges, was 84 per cent of total sales in 2012 as against 84.9 per cent in 2011. It had in the previous year achieved considerable improvements in employee productivity and cost management with average contribution of each employee to the bottomline improving appreciably from N6.19 million in 2010 to N7.46

Mabe

million in 2011. Profitability In 2012, Unilever Nigeria’s profitability outlook was coloured by the almost standstill in its market share. The profit and loss accounts showed spirited efforts by the management to cushion the adverse impact of the top-line slowdown on the bottom-line, holding tightly to costs. In the immediate, the cost management strategy helped to stabilize both actual and underlying profitability measures. The turnover stood at N55.55 billion in 2012, a marginal improvement on N54.73 billion recorded in 2011. Cost of sales meanwhile dropped by 2.4 percent from N34.72 billion to N33.90 billion. Lower cost of sales nudged gross profit to N21.65 billion in 2012 com-

pared with N20 billion in 2011, indicating an increase of 8.2 per cent. Total operating expensesincluding administration and distribution expenses; rose by 8.3 per cent to N12.74 billion as against N11.77 billion in previous year. While non-core business income was steadied between N215 million in 2012 and N209 million in 2011, a 119 per cent increase in finance charges from N428 million to N935 million impacted negatively on the bottom-line. Profit before tax thereafter closed 2012 at N8.19 billion as against N8.02 billion in 2011. Profit after tax was also almost flat with negligible increase of 1.5 per cent from N5.52 billion to N5.60 billion. Underlying profit-making indices also showed similar top-down stiffness. While gross profit margin improved from 36.6 per cent in 2011 to 39 per cent in 2012, average pre-tax profit per unit of sale was stunted at 14.7 per cent. Return on total assets slipped from about 25 per cent to 22.4 per cent while return on equity dropped slightly from 57 per cent to about 56 per cent. Further earnings analysis showed earnings per share of N1.48 in 2012 compared with N1.46 in 2011, a difference of 2.0 kobo. The bottom-line obviously provided no headroom for dividend increase, no matter the consideration of the directors. The board of directors thus reasonably decided to retain dividend payout at the same rate. Gross dividend and dividend per share remained unchanged

at N5.30 billion and N1.40 respectively. Unless it unlocks new opportunities, there is little room for any future dividend increase with dividend cover at 1.06 times and 1.04 times in 2012 and 2011 respectively. Latest earnings report also showed similar outlook. Turnover rose by 10.2 per cent during the six-month period ended June 30, 2013 to N29.67 billion as against N26.92 billion recorded in corresponding period of 2012. Gross profit fared better with 11.3 per cent growth from N9.76 billion to N10.86 billion. Operating profit however pared down with an increase of 8.8 per cent to N4.34 billion as against N3.99 billion in comparable period of 2012. The bottom-line was further constrained by interest expense, with profit before tax rising by 3.7 per cent from N3.82 billion to N3.96 billion. After taxes, net profit dropped by 3.2 per cent to N2.74 billion compared with N2.83 billion. The underlying margins showed decline in the underlining profit-making capacity. While gross profit margin increased slightly from 36.26 per cent to 36.6 per cent, operating profit margin slipped from 14.82 per cent to 14.63 per cent. Profit before tax margin declined to 13.35 per cent as against 14.19 per cent in comparable period of 2012. Liquidity The liquidity position of the conglomerate weakened further in 2012. Current ratio, which generally relates easily available assets to similar potential liabilities, declined to a low of 0.66 times in 2012 as against 0.85 times and 0.99 times in 2011 and 2010 respectively. The negative working capital further built up to approximately 14 per cent of total sales in 2012 compared with 5.1 per cent and 0.4 per cent in 2011 and 2010. Debtors/creditors ratio closed 2012 at 38 per cent as against 34 per cent in 2011. Outlook The company is positioning to win in the market place and withstand adverse business operating environment into the future. The management believes that the sustained investments will continue to yield strong result and better innovation which will enable it to continue to meet and exceed consumer expectations at all times. The launch of the sustainable living plan, according to the Chairman of the company, Chief Nnaemeka Achebe, will enable it takes strides which guarantee a big difference in the lives of members of the wider society. BC


National Mirror www.nationalmirroronline.net

Business Courage

Monday, October 14, 2013

A23 39

STOCKWATCH Stock Exchange weekly equities summary as at Friday, Oct 11, 2013 SECURITY

PRICE (=N=)

AGRICULTURE/AGRO-ALLIED Crop Production FTN COCOA PROCESSORS PLC 0.50 OKOMU OIL PALM PLC. 45.50 PRESCO PLC 34.39 Fishing/Hunting/Trapping ELLAH LAKES PLC. NT Livestock/Animal Specialties LIVESTOCK FEEDS PLC. 3.90 CONGLOMERATES Diversified Industries A.G. LEVENTIS NIGERIA PLC. 1.65 CHELLARAMS PLC. NT JOHN HOLT PLC. 1.30 TRANSNATIONAL CORP. OF NIG.PLC 1.71 U A C N PLC. 63.50 CONSTRUCTION/REAL ESTATE Building Construction ARBICO PLC. 5.05 CAPPA & D’ALBERTO PLC. 95.49 Building Structure/Completion/Other COSTAIN (W A) PLC. 1.10 G CAPPA PLC NT Non--Building/Heavy Construction JULIUS BERGER NIG. PLC. 77.00 ROADS NIG PLC. NT Real Estate Development PINNACLE POINT GROUP PLC NT UACN PROPERTY DEV 16.01 Real Estate Investment Trusts (REITs) SKYE SHELTER FUND PLC NT UNION HOMES REAL ESTATE INV NT UPDC REAL ESTATE INVESTMENT TRUST NT CONSUMER GOODS Automobiles/Auto Parts DN TYRE & RUBBER PLC NT Beverages--Brewers/Distillers CHAMPION BREW. PLC. NT GOLDEN GUINEA BREW. PLC. 0.68 GUINNESS NIG PLC 246.00 INTERNATIONAL BREWERIES PLC. 20.08 JOS INT. BREWERIES PLC. 3.78 NIGERIAN BREW. PLC. 169.50 PREMIER BREWERIES PLC NT Beverages--Non-Alcoholic 7-UP BOTTLING COMP. PLC. 68.00 Food Products BIG TREAT PLC NT DANGOTE FLOUR MILLS PLC 9.22 DANGOTE SUGAR REFINERY PLC 11.19 FLOUR MILLS NIG. PLC. 81.00 HONEYWELL FLOUR MILL PLC 2.88 MULTI-TREX INTEGRATED FOODS PLC 0.50 N NIG. FLOUR MILLS PLC. NT NATIONAL SALT CO. NIG. PLC 12.40 P S MANDRIDES & CO PLC. NT U T C NIG. PLC. 0.70 UNION DICON SALT PLC. NT Food Products--Diversified CADBURY NIGERIA PLC. 51.60 NESTLE NIGERIA PLC. 1,000.01 Household Durables BETA GLASS CO PLC. NT NIGERIAN ENAMELWARE PLC. NT VITAFOAM NIG PLC. 4.00 VONO PRODUCTS PLC. 1.93 Personal/Household Products P Z CUSSONS NIGERIA PLC. 37.27 UNILEVER NIGERIA PLC. 61.04 Textiles/Apparel UNITED NIG. TEXTILES PLC. NT FINANCIAL SERVICES Banking ACCESS BANK PLC. 10.50 DIAMOND BANK PLC 6.35 ECOBANK TRANSNATIONAL INC. 13.65 FIDELITY BANK PLC 2.76 FIRST CITY MONUMENT BANK PLC. NT GUARANTY TRUST BANK PLC. 25.25 SKYE BANK PLC 4.40 STERLING BANK PLC. 2.38 U B A PLC 7.54 UNION BANK NIG.PLC. 10.30 UNITY BANK PLC 0.58 WEMA BANK PLC. 1.22 ZENITH BANK PLC 21.51 Insurance Carriers, Brokers & Services AFRICAN ALLIANCE INS. COY. PLC NT AIICO INSURANCE PLC. 0.87 CONFIDENCE INSURANCE PLC NT CONSOLIDATED HALLMARK INS. PLC NT CONTINENTAL REINSURANCE PLC 1.12 CORNERSTONE INS. COY. PLC. 0.50 CUSTODIAN AND ALLIED INS. PLC 1.62 EQUITY ASSURANCE PLC. 0.50 GOLDLINK INSURANCE PLC NT GREAT NIGERIAN INSURANCE PLC 0.50 GUINEA INSURANCE PLC. 0.50 INTERCONTINENTAL WAPIC INS. PLC NT INTERNATIONAL ENERGY INS. PLC 0.94 INVESTMENT AND ALLIED ARN. NT LASACO ASSURANCE PLC. NT LAW UNION AND ROCK INS. PLC. 0.50 LINKAGE ASSURANCE PLC NT MANSARD INSURANCE PLC 2.05 MUTUAL BENEFITS ASSURANCE PLC. 0.50 N.E.M INSURANCE CO (NIG) PLC. 0.68 NIGER INSURANCE CO. PLC. 0.50 OASIS INSURANCE PLC 0.50 PRESTIGE ASSURANCE CO. PLC. 0.56 REGENCY ALLIANCE INS. COY PLC NT SOVEREIGN TRUST INSURANCE PLC 0.50 STACO INSURANCE PLC 0.50 STANDARD ALLIANCE INS. PLC. 0.50 UNIC INSURANCE PLC. 0.50 UNITY KAPITAL ASSURANCE PLC NT UNIVERSAL INS. COMPANY PLC 0.50 WAPIC INSURANCE PLC 0.96 Micro Finance Banks FORTIS MICROFINANCE BANK PLC NT NPF MICROFINANCE BANK PLC 0.85 Mortgage Carriers, Brokers &Services ABBEY BUILDING SOCIETY PLC NT ASO SAVINGS AND LOANS PLC NT RESORT SAVINGS & LOANS PLC NT UNION HOMES SAVINGS&LOANS PLC NT Other Financial Institutions AFRICA PRUDENTIAL REGISTRARS 1.86 CRUSADER ( NIG) PLC. NT DEAP CAPITAL MGT & TRUST PLC NT FBN HOLDINGS PLC 16.50 FCMB GROUP PLC 3.82 NIG SEW. MACH. MAN. CO. PLC. NT NIGERIA ENERYGY SECTOR FUND NT ROYAL EXCHANGE PLC. NT STANBIC IBTC HOLDINGS PLC 19.30 UBA CAPITAL PLC 1.40 HEALTHCARE Healthcare Providers EKOCORP PLC. 4.32 UNION DIAGNOSTIC &CLINICAL PLC NT Medical Supplies MORISON INDUSTRIES PLC. NT Pharmaceuticals EVANS MEDICAL PLC. 3.40 FIDSON HEALTHCARE PLC 2.10

NOTE NT=Not Traded on 11-10-13

QUANTITY

52 WK HIGH

52 WK LOW

SHARES OUTSTANDING

EPS

MOV. (%)

Previous

20,000 69,252 178,765

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 7.95 -0.89

0.50 42.15 34.70

NT

4.26

4.26

60,000,000

0.00

N/A

NT

1,538,361

7.18

0.68

1,199,549,736

0.07

0.00

3.90

200 1,000 54,264 44,753,469 1,733,516

2.08 6.43 5.89 1.96 71.10

0.71 4.36 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

0.00 N/A N/A N/A N/A

1.65 NT 1.14 1.89 61.20

20 10

26.00 95.49

5.05 95.49

148,500,000 196,876,000

0.33 4.50

N/A N/A

5.05 95.49

604,562 NT

2.66 14.46

0.72 14.46

920,573,765 125,000,000

0.00 0.00

N/A N/A

1.13 NT

65,038 16,657

83.75 10.60

19.86 6.61

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

6.74 1.69

-1.91 N/A

78.50 8.46

NT 181,002

7.28 18.00

7.28 8.82

1,375,000,000

0.00 2.20

N/A 1.33

NT 15.80

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 10.50

43,595

0.50

0.50

4,772,528,415

0.00

N/A

NT

50,000 10,082 95,824 1,424,724 1,000 955,755 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 -1.46 N/A N/A -2.02 N/A

NT NT 249.64 20.40 3.78 173.00 NT

37,345

75.90

38.12

640,590,362

4.46

N/A

68.00

NT 179,873 1,812,251 2,849,834 390,037 1,000,000 NT 859,238 NT 55,000 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 1.88 -0.97 -2.41 -2.37 N/A N/A 2.56 N/A 14.75 N/A

NT 9.05 11.30 83.00 2.95 NT NT 12.09 NT 0.61 NT

2,353,977 16,347

64.53 1088.00

8.33 400.00

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

1.57 28.34

7.50 0.15

48.00 998.50

NT NT 84,949 10,200

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 -1.96 N/A

NT NT 4.08 NT

303,166 190,800

56.00 76.00

21.02 27.60

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

1.34 1.42

-1.92 0.05

38.00 61.01

NT

0.97

0.57

843,284,027

0.00

N/A

NT

6,101,582 5,271,285 61,643,275 9,657,744 NT 27,605,965 2,376,343 999,338 9,927,079 607,439 21,171,085 2,242,381 27,441,922

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

-1.04 2.25 0.29 2.99 #VALUE! -1.37 6.02 5.78 1.21 0.88 0.00 19.61 6.59

10.61 6.21 13.61 2.68 NT 25.60 4.15 2.25 7.45 10.21 0.56 1.02 20.18

1,000 1,400,665 NT 50,000,000 5,073,651 71,500 6,288,483 200 NT 150 150 NT 1,666,630 NT 10,000 50 380 1,200 100,100 4,286,440 206,000 100 150,838 200 1,000,200 200 4,000 7,464 1,000 52,000 1,448,694

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 0.50 0.50 1.55

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 0.50 0.50 0.50 0.50 0.50

4,100 5,500

6.60 1.22

0.00 0.72

100 50,000 3,000 1,000

1.65 0.50 0.50 0.99

1.37 0.50 0.50 0.50

1,630,920 NT NT 8,832,206 1,443,466 NT NT 131,562 125,964 4,286,167

2.1 0.61 2.02 21.50 5.70 0.15 552.20 1.33 20.72 1.70

0 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

199,200 971,941

4.80 2.50

0.50 0.61

486,473,856 1,500,000,000

0.58 0.24

-1.45 6.60

3.45 1.97

N/A=Not Avialable

20,585,000,000 7,809,391,256 211,626,000 6,000,000,000 10,372,624,157 8,820,010,363 5,100,846,808 8,847,298,420 4,549,947,000 3,827,485,380 720,000,000 5,061,804,000 6,420,427,449 28,000,000,000 7,323,313,227 3,437,330,500 4,083,713,569 10,000,000,000 7,998,705,336 5,332,830,881 5,649,693,923 5,003,506,791 2,508,315,436 6,668,750,000 5,203,757,266 6,141,087,609 8,493,173,450 2,581,733,505 13,000,000,000 16,000,000,000

0.00 0.19 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 0.00 0.00 0.02 0.00 0.07

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 -3.76 N/A -2.86 N/A N/A -1.75 N/A 0.00 N/A N/A N/A N/A N/A

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 0.78 NT 0.50 1.20 0.50 1.50 NT NT NT NT NT 0.71 NT 0.50 NT NT 2.13 0.50 0.70 NT NT 0.57 NT NT NT NT NT NT NT 0.85 NT NT

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

N/A N/A -0.36 N/A N/A N/A 0.52

NT 0.50 0.50 0.5 1.87 NT NT 16.56 3.82 NT NT 0.51 19.20 1.50

SECURITY

PRICE (=N=)

GLAXO SMITHKLINE CONSUMER PLC 65.00 MAY & BAKER NIGERIA PLC. 2.21 NEIMETH INT PHARM PLC 1.14 NIGERIA-GERMAN CHEMICALS PLC. NT PHARMA-DEKO PLC. 1.85 ICT Computer Based Systems COURTEVILLE BUSINESS SLN PLC 0.65 Computers and Peripherals OMATEK VENTURES PLC NT Electronic Communications Services MTECH COMMUNICATIONS PLC NT IT Services NCR (NIGERIA) PLC. 16.83 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 2.80 MTI PLC NT INDUSTRIAL GOODS Building Materials AFRICAN PAINTS (NIGERIA) PLC. NT ASHAKA CEM PLC 22.60 BERGER PAINTS PLC 7.60 CAP PLC 38.85 CEMENT CO. OF NORTH.NIG. PLC 9.43 DANGOTE CEMENT PLC 189.00 DN MEYER PLC. NT FIRST ALUMINIUM NIGERIA PLC NT IPWA PLC 0.89 LAFARGE WAPCO PLC. 99.00 PAINTS & COATINGS MANFACT.PLC 2.20 PORTLAND PAINTS & PRDT NIG. PLC 5.10 PREMIER PAINTS PLC. NT Electronic and Electrical Products AUSTIN LAZ & COMPANY PLC NT CUTIX PLC. 1.97 NIGERIAN WIRE AND CABLE PLC. NT NIGERIAN WIRE IND. PLC NT Packaging/Containers ABPLAST PRODUCTS PLC. NT AVON CROWNCAPS & CONTAINERS NT BETA GLASS CO PLC. NT GREIF NIGERIA PLC NT NIG. BAGS MANFACT. COY PLC NT POLY PRODUCTS (NIG) PLC. NT W A GLASS IND. PLC. NT Tools and Machinery NIGERIAN ROPES PLC NT STOKVIS NIG PLC. NT NATURAL RESOURCES Chemicals B.O.C. GASES PLC. 6.35 Metals ALUMACO PLC NT ALUMINIUM EXTRUSION IND. PLC. NT MINING SERVICES MULTIVERSE PLC NT 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 10.40 Petroleum &Petroleum Products Distributors AFROIL PLC NT BECO PETROLEUM PRODUCT PLC NT CONOIL PLC 28.80 ETERNA PLC. 2.76 FORTE OIL PLC. 48.00 MOBIL OIL NIG PLC. 119.40 MRS OIL NIGERIA PLC. 36.14 TOTAL NIGERIA PLC. 157.50 SERVICES Advertising AFROMEDIA PLC 0.50 Apparel Retailers LENNARDS (NIG) PLC. NT Automobile/Auto Part Retailers R T BRISCOE PLC. 1.30 Courier/Freight/Delivery RED STAR EXPRESS PLC 4.49 TRANS-NATIONWIDE EXPRESS PLC. NT Employment Solutions C & I LEASING PLC. NT Hospitality TANTALIZERS PLC 0.50 Hotels/Lodging CAPITAL HOTEL PLC NT IKEJA HOTEL PLC 0.75 TOURIST COMPANY OF NIGERIA PLC. NT TRANSNATIONAL CORP. OF NIG.PLC NT Media/Entertainment DAAR COMMUNICATIONS PLC NT Printing/Publishing ACADEMY PRESS PLC. 1.89 LEARN AFRICA PLC 1.70 STUDIO PRESS (NIG) PLC. NT UNIVERSITY PRESS PLC. 4.00 Road Transportation ABC TRANSPORT PLCPLC 0.80 Specialty INTERLINKED TECHNOLOGIES PLC NT SECURE ELECTRONIC TECH.PLC NT Transport-Related Services AIRLINE SERVICES AND LOGISTICS PLC 3.69 NIG. AVIATION HANDLING COY PLC 6.30 ASeM CONSTRUCTION/REAL ESTATE Property Management SMART PRODUCTS NIGERIA PLC NT CONSUMER GOODS Food Products MCNICHOLS PLC NT Personal/Household Products ROKANA INDUSTRIES PLC. NT HEALTHCARE Pharmaceuticals AFRIK PHARMACEUTICALS PLC. NT INDUSTRIAL GOODS Electronic and Electrical Products NT ADSWITCH PLC. NT NATURAL RESOURCES Metals W.A. ALUM. PRODUCTS PLC. NT OIL AND GAS Petroleum & Petroleum Products Distributors ANINO INTERNATIONAL PLC. NT CAPITAL OIL PLC NT RAK UNITY PET. COMP. PLC. NT UNION VENTURES & PET. PLC NT SERVICES Apparel Retailers UDEOFSON GARMENT FACT. NIG PLC NT Food/Drug Retailers and Wholesalers NT JULI PLC. NT ETF’s Sector ETF NEWGOLD EXCHANGE TRADED FUND 2,003.00

52 WK HIGH

52 WK LOW

SHARES OUTSTANDING

EPS

152,281 65,390 34,146 100 20,000

69.00 3.38 1.76 8.59 3.50

18.97 1.23 0.58 7.36 1.83

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

3.07 0.09 0.00 0.00 0.00

1.56 0.45 -5.00 N/A N/A

64.00 2.20 1.20 NT NT

340,533

0.96

0.50

2,960,000,000

0.11

0.00

0.61

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

4,750 4,200

18.70 2.94

13.12 2.07

108,000,000 492,825,600

0.00 0.03

N/A N/A

NT 2.07

NT 1,850

0.50 4.97

0.50 4.04

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

0.04 0.04

N/A N/A

NT NT

1,000

1.47

0.50

6,878,478,096

0.00

N/A

0.50

NT 22,620 NT

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 2.81 NT

2,500 966,407 117,114 62,131 220,963 144,834 45,000 NT 30,000 171,928 7,000 422,325 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 13.00 -12.64 5.00 4.78 -0.53 N/A N/A N/A 0.00 N/A N/A N/A

NT 20.00 8.70 37.00 9.00 190.00 1.90 NT NT 99.00 2.30 5.60 NT

NT 183,426 10,100 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 3.68 N/A N/A

NT 1.90 0.50 NT

NT 659 521,011 NT NT NT NT

3.98 5.94 13.18 15.03 3.60 1.86 0.63

3.98 1.71 9.04 13.28 1.60 1.05 0.63

N/A N/A

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

0.00 0.00 3.23 0.90 0.24 0.22 0.00

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

NT NT 12.46 NT NT NT NT

NT NT

8.69 0.14

8.26 0.14

265,409,280 2,918,000

0.00 0.00

N/A N/A

NT NT

QUANTITY

25,000,000 683,974,528

MOV. (%)

Previous

28,230

9.35

5.68

393,120,000

0.76

-2.31

6.50

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

2,000

0.50

0.50

4,058,989,226

0.01

N/A

0.50

NT 4,000

3.22 1.38

3.22 0.67

50,000,000 220,000,000

0.04 0.00

N/A N/A

NT 0.95

678,200

1.02

0.50

6,262,701,716

0.00

0.00

0.50

7,031,274

24.80

9.32

2,262,711,568

1.24

-0.95

10.50

NT 29,000 8,488 162,500 217,467 31,349 1,666 27,975

20.71 0.70 33.67 4.87 43.95 146.00 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 0.00 0.00 21.89 8.50 N/A 0.32

NT 0.50 28.80 2.76 39.38 110.05 36.14 157.00

100

0.72

0.50

4,035,497,307

0.00

N/A

NT

NT

3.48

3.48

0

N/A

NT

2,484,598

2.45

1.00

980,294,400

0.00

-5.11

1.37

53,000 22,000

5.10 3.45

2.19 0.73

589,496,310 198,819,763

0.52 0.00

0.00 N/A

4.49 1.26

22,000

1.64

0.85

865,808,912

0.00

N/A

NT

2,000

0.75

0.50

3,211,627,907

0.00

N/A

0.50

NT 957,068 NT 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 -6.25 N/A #VALUE!

NT 0.80 NT NT

5,000

0.51

0.50

8,000,000,000

0.43

N/A

NT

11,493 36,100 100 255,832

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 0.25

1.80 1.86 NT 3.99

485,050

1.29

0.50

1,507,000,000

0.21

N/A

0.81

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

59,300 139,829

5.90 8.81

1.27 5.08

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

0.50 0.43

N/A 0.00

3.82 6.30

NT

1.43

1.04

45,000,000

0.12

N/A

NT

NT

1.02

1.02

201,885,335

0.00

N/A

NT

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 60,000 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 0.50 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

55

2,706

2,003

#VALUE!

NT


40

Monday, October 14, 2013

National Mirror www.nationalmirroronline.net


Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

41

Law & Justice nationalmirrorlaw@yahoo.com

“Delay in the matter was the golden fish in their aquarium” - JUSTICE NIKI TOBI JSC, RETIRED JUSTICE OF THE SUPREME COURT

Appointment of judges largely a matter of favour –Abayomi 42 President Jonathan

Okurounmu

National conference: issues and ideals from lawyers’ perspectives How Gani battled to prosecute top security chiefs over Giwa’s murder 45

IBA Conference: US Secretary of State asks lawyers to reshape rule of law 46

The recurrent call for a national conference to address the myriads of socio-economic and political problems facing the nation recently received a big boost with President Goodluck Jonathan’s endorsement and inauguration of the advisory committee to provide modalities for a new conference. The Assistant Head of the Judiciary Desk, KAYODE KETEFE, provides perspectives on this issue, as well as the views of top lawyers.

A

constitution of any nation is the single most important document in the nation that defines not only the organisation of governmental powers but also ideals and directive principles that the nation treasures. Stakeholders have always found faults with Nigerian constitutions not only from the core colonial era spanning the Clifford Constitution of 1922 to the Richard Constitution of 1946 but also that of the pre-independence but internal self government of Littleton constitution of 1954. From the time of independence constitution of 1960, we have had till date the 1963 Republican Constitution, the 1979 Constitution which introduced the presidential system of government, the moribund 1995 Constitution (which was never operated) and the extant 1999 Constitution. All these constitution have attracted serious criticisms with peoples calling for various amendments to address perceived problems. The agitations for the amendment of the 1999 Constitution for

WHAT IS IMPORTANT AT THIS STAGE IS UTILISING THE LIMITED PLATFORM OFFERED BY

PRESIDENT JONATHAN TO ENGAGE

NIGERIANS IN

VERY ROBUST DISCUSSIONS instance have been on almost as early as the time the constitution came into existence. These agitations, which have been varied, intense and sustained have already spawned two national conferences under the former President Olusegun Obasanjo and an ongoing constitution review and amendment processes in the National Assembly. The areas being touted for amendment in the 1999 Constitution included creation of

more states, devolution of powers, defining role for traditional rulers recognition of the six geo-political zones in the constitution, local government, fiscal federalism, amendment of provisions relating to amendment of the constitution; and boundary adjustment. Other areas are immunity clause, Nigeria Police, Judiciary, Executive, rotation of executive offices, gender and special groups. In response to these calls, President Goodluck Jonathan, in his Independence Day broadcast to the nation, said the numerous problems facing the nation has made it imperative for a national conference to be held. The President said inter alia, “Fellow Nigerians, our Administration has taken cognizance of suggestions over the years by well-meaning Nigerians on the need for a National Dialogue on the future of our beloved country. I am an advocate of dialogue. When there are issues that stoke tension and bring about friction, it makes perfect sense for the interested par-

ties to come together to discuss. In demonstration of my avowed belief in the positive power of dialogue in charting the way forward, I have decided to set up an Advisory Committee whose mandate is to establish the modalities for a national dialogue or conference” Numerous reactions have greeted this development with politicians across the various geo-political zones expressing diverse opinions ranging from criticisms, rejection or plaudit for it. On the heels of President Jonathan’s speech, a former President of the Nigerian Bar Association and one of the voices known to have actively canvassed for national conference over the years, Mr. Olisa Agbakoba, SAN, said, “What is important at this stage is utilising the limited platform offered by President Jonathan to engage Nigerians in very robust discussions on the constitution and without “No-Go” issues. Even though there are challenges about participation, my suggesCONTINUED ON PAGE 44


42

Law & Justice

Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

Nigeria is 53-year-old, do we have any cause to celebrate? No, we have cause to cry, tears of reflection and contemplation. Why not? When we looked back, the real question we need to ask is that, the leadership that gave us independence in 1960, will they have celebrated at the state of the nation they handed over to us if they were to be with us today? I think the answer will be no. I believe what is happening in the country today is actually disturbing their peaceful rest. Therefore, I just don’t see any cause for celebration. When you judge a nation from hope indices, Nigeria is far below. What is even more disturbing is that Nigeria has stayed below far too long. Is it by way of development? It eludes the people. Is it by way of a feeling of citizenship pride , a lot of our children are running out of this nation looking for different lands to find happiness in the short journey of life. Is it by way of security? Our psyche is threatened by the horror of insecurity and bestiality that has dominated the nation. Is it by way of government’s responsibility, it is far from it. Largely, we are governed by a pitiless oligarchy. Is it by way of advancement in science, we are not even in the world of science. We are totally out of it. So, virtually in every sector, the nation is tormented by what I will call the revolution of raising frustration. The people are injured in their psyche; there is feeling of hopelessness and a feeling of impossibility of realisation of possibility. When you looked at a nation, you see a nation in toil, in pain, in stress, in tears, wounded in its psyche. Is there a hope for celebration? If we want to face the truth and the truth shall set us free. There is nothing to celebrate about Nigeria that is almost 100 years behind the same nations with which Nigeria began its post-independent journey. We are even about the least in rating in Africa, not to talk of comparatively with other parts of the world. President Goodluck Jonathan in his 53rd Independence Day Anniversary broadcast to Nigerians bowed to the nationwide clamour for the convocation of a Sovereign National Conference and even set up a committee saddled with the responsibility of designing the framework for a national dialogue. What is your take on this? From 1998, I have been in the forefront of calling for a National Constitutional Conference. I do not know what the government intends because to talk of a National Conference is not just sufficient. What is important is to know what the national conference wants to do. Maybe the Okunronmu- Committee will come-up with rational ideas that are definitive of what we are asking for, which is constitution of the people by the people and for the people. A constitution that defines the terms and condition of our relationship as a people. Let me explain to you the foundation for this necessity, a compelling need for a national conference. The first thing is that the peoples of this nation have never agreed on how they want to relate to one another. They have never agreed on the nature of government and what government is. Now it is important to understand what Nigeria is. Nigeria is not America, the people of America basically have the same language, the same culture, the same religion and the same morality and they are not divided geographically be providence. But, the peoples of Nigeria are different. First-of-all, they are divided by the act of God into different exclusive geographical zones. The Yoruba people are in the South-West, Igbo in the South-East, Ibibio down South (Niger Delta people), the Kanuris are in the North-East and then you have Hausa-Fulani in the North-West and then you have the Plateau/Tivs and the Jukuns in the centre. These different nationalities occupy exclusive areas. So, you cannot say we are one people. We are not one people; we are many peoples in one geographical nation. These many peoples have different cultures, different interests and different emotions. So, you need to find some kind of consensus among them in terms of

Abayomi

Appointment of judges largely a matter of favour –Abayomi

Dr. Tunji Abayomi studied Law at the University of Toledo, United States of America. He was the first international student to participate in American Universities Appellate Advocacy Competition as a member of the University of Toledo Team. Abayomi also won the BALSA Award. He graduated from the Nigerian Law School in 1982 and thereafter was called to the Bar. In this interview with WALE IGBINTADE, he speaks on Nigeria’s 53rd Independence, the convocation of a National Conference Committee, among other legal issues. Excerpts

WHEN YOU LOOK AT THE STATE OF NIGERIA, IT IS TO BE PITIED; IT IS BESET BY FAILED HOPES, DIMINISHED REPUTATION, DESTROYED SECURITY, WEAK GOVERNANCE, FEEBLE INTERESTS OF THE PEOPLE

AND SHAKEN FOUNDATION. their relationship. In this nation people talk of federalism, but I have always asked the question, when did the people of Nigeria agree on federalism and when did they disagree on con-federalism? But, we have always had constitutions that bind us together. Is that not so? Let us remember that before the military took over in 1966, the Nigerian Nation was essentially con-federal but when the military took over they foisted almost a unitary type of federalism on us, when the federal government took over everything and messed-up everything. Apart from that, the nature of government itself, what exactly is the definition of government, the modus-operandi, what should unite us, what should divide us? All of these issues have never being agreed upon. We have had about ten constitutions, from the

Richard constitution of 1946 to the Abdul-Salami’s constitution of 1999; all these constitutions were dominated by one single individual. Under the colonial regime, it was dominated by colonial secretary and the colonial governors. Under the military government, it was dominated by a dictator, who was a potentate. Indeed the so-called 1999 constitution was a mere degree brought about by the signature of one dictator who usurp government and who is a treasonable felon. Again that constitution lied about itself, that we the peoples gave it to ourselves. But, we didn’t give any constitution to ourselves; they were foisted and forced on us. When you look at the state of Nigeria, it is to be pitied; it is beset by failed hopes, diminished reputation, destroyed security, weak governance, feeble interests of the people and shaken foundation. The country is now compounded by insurgency that was new to this nation. So, the need for national conference for the purposes of coming up with the document of relationship and governance is urgent, proper, necessary and compelling. The purpose must be understood because there had been conferences in the past. President Obasanjo had two under his government, other leaders have also attempted. But, the national conference will only make sense if it gives to the people of Nigeria a constitution that can sustain the hope of the people of this nation. A very senior member of the Bar, Chief Richard Akinjide (SAN), once said that the problem with the 1999 constitution is with the operators and not the constitution itself. Do you share his view?


National Mirror www.nationalmirroronline.net

The problem we are talking about is that, the terms of our relationship as peoples of Nigeria have never been agreed upon. Is there no problem with the fact that we have not agreed on the terms and condition of our relationship? That is a fundamental issue. The constitution told a lie about itself, that is what is wrong with it. The constitution was not made by the people and that is what is wrong with it. The constitution was foisted on us and the so-called constitution is giving us imperfect society that is what is wrong with it. The constitution is giving us disappointment in governance that is what is wrong with it. Everything is wrong with the foundation of the constitution, with the organic nature of the constitution. When the American leadership came together in 1787 and found that their con-federal constitution was producing an imperfect society. The whole idea was to amend the article of confederacy, that was their intention but they soon realised that such amendment will not produce a great society, so they jettisoned it and gave themselves a federal constitution. It was after that constitution that George Washington was elected. To say that there is no problem with the constitution means that person does not understand the issues at stake. A former Minister of Education, Mrs Oby Ezekwesili, recently alleged that over one trillion naira had been spent on National Assembly members in the last eight years. What is your take on this? In 2005, the University of Toledo, my university in America decided to honour nine of its alumni, they called them alumni who have changed the world and produced a book on these nine alumni. Among them is the world-father of micro-surgery, Professor Jacobson and I was one of those nine alumni. The question is, has the National Assembly taken the trouble to even listen to our voices. So, when you look at the National Assembly, it is not what we expect, t, it is not fit and proper for the stature of Nigeria. It iss too pre-occupied with self interest. They lacked knowledge, they are greedy for personal wellbeing and they don’tt even appear to care about a falling nation they preside de over. To show you how low-rated the National Assembly embly is, we are talking about the constitution, when hen America celebrated its 200 years anniversary off its constitution, it invited Professor Ben Nwabueze bueze (SAN). Professor Nwabueze is my mentor in n constitutionalism and he has written constitutions ns for other countries. Has the National Assembly ly in all these debates and dialogue on the constitution itution invited him for an interaction? I have written two majorr works of international regard on the constitution.. I have been speaking on constitutional convention since 1998. I even addressed the Senate Committee on the review of the constitution in Minna, Niger State. Have they in the search for knowledge interacted with Tunji Abayomi and there are lots of prominent citizens, izens, national and internationally who have been in the forefront of these issues. Where you will understand stand the rather sad nature of the National Assembly is their inability to go to the fundamental situation of this nation. You also see an absence sence of a disposition for sacrifice. e. We are talking of an economy y that produces virtually nothing, that cannot even provide jobs to o its teeming creative youths. Yet, you see a National Assembly ly where each of them is col-lecting almost a sinful sum to the embarrassment of a failing nation. What can you say about breach of professional ethics among lawyers? The same problem that hat beset the nation is also what at is affecting the profession.

Law & Justice

Monday, October 14, 2013

BUT, THE NATIONAL CONFERENCE WILL ONLY MAKE SENSE IF IT GIVES TO THE PEOPLE OF

NIGERIA A

CONSTITUTION THAT CAN SUSTAIN THE HOPE OF THE PEOPLE OF THIS NATION.

Where do you really go to find solace? Is it in the judiciary? You ask yourself, how many Supreme Court worldwide is accused of corruption. Nigeria is a country where its Supreme Court was accused of corruption. If the judiciary that is supposed to manage ethics of the legal profession is in itself in problems, then you ask yourself, if gold rusts, what will iron do? Now, to make things even worse most of us that stand for principle, for sanity, for due process are perceived as trouble-makers. We are almost running into a situation in our nation where it’s the guilty that prosecutes the innocent. The legal profession has its own share of the disorder and this is expected because it is part of the community of disorder. How will you assess the present Chief Justice of the Federation? The present CJN is acting in the interest of the legal profession and she should be commended. She is contended that history has endowed her with the prestige of the office of CJN and she is prepared to do her best. But, they are waiting for her to complete her term because in this nation the deft of disorder is so vast and it is increasing in its depth every day, because, the leadership in a large measure are not ready to change. Corruption in Nigeria is like a wasting disease, like cancer at the early stage, it is always difficult to detect but easy to cure. But, went it gets to the late stage, when it has metastasised it will now be easy to detect but immensely difficult to cure. That is

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the situation of the disorder in this country and that same disorder is inherent in the judicial system. Are you comfortable with the mode of appointment of judges? No, I’m not, as a matter of fact, appointment of judges in Nigeria is largely a matter of favour. Unfortunately, the National Judicial Council is simply not strong enough, dispassionate enough, determined enough to clean-up the whole system. So, the NJC faces essentially the same problem that the judiciary faces. I believe that the present CJN is doing her best but how much can see do and within what time is another question? How will you react to rampant cases of kidnapping in the country? These are signs of a failing nation, where the security of citizens is endangered. This type of situation should pass a message to the government that the nation is entering period of great problems. It is not just about the kidnapping but the brazenness of kidnapping, the growing affection of kidnapping to young people. When you have a situation like that, evil grows in stature and strength unless it’s contained very quickly. The security network in the country is not strong enough, the government structure is not strong enough, and the general nature of organisation in the society is not strong enough. We face a situation where, this growing problem of kidnapping and armed gangs will continue to grow. In this nation today, we have a situation where if we are not careful more gangs will rise up in an attempt to find a way out of the pain and toil of living. How do you see the judgment of the Court of Appeal Lagos division in the trial of Al-Mustapha and Lateef Sofolahan over the assassination of Kudirat Abiola? I do not want to say must about it since the matter is presently before the Supreme Court. But, what the Sup Court of Appeal is saying is i that criminal cases must be proved beyond reasonable doubt. When there is reasona doubt, it must be construed construe in favour of the accused. The case that was put-up in i the High Court had in it a whole lot of doubts. We have a situation where the star witness testified and contradicted his own testimony. So, the Court of Appeal can only decide accordApp ing to law and the evidence before it and not according to emotion of our time. If tthe Court of Appeal were to decide otherwise, the effect of that is that it would be violating the law which requires it to look at the law re and the evidence and decide without favour or fear. deci Whether the Court of Appe Appeal is right or wrong is a separate issue and it is to be determined by the Supreme d Court. But, the reasoning of o the Court of Appeal was based on the position of the law as the Court of Appeal understands it. How do you see the future of the legal profession? fut Well, the legal profession has possibility in the country. B Because, when you look at most professions, profession there is still some semblance of co common sense in the legal This nation has produced profession. T quite a num number of good lawyers, so greater future for the legal there is a g profession. profession But, the point is that, a profession survives well in legal pr an orderly society that respects ord rule of law. So, for the secuthe ru of the legal profession and rity o for it i to serve the society well, the operational environment must be conducive. Once we mu have ha that, we would be better t and that is why we are asking that there is need to a take a new look at this nat tion. The legal profession t represent the faculty of r the possibility, the mental t stature of this Nigerian nas tion. It has great possibility ti but it can be ruined or raised bu by b abuse.


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Law & Justice

Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

‘The only way forward is national conference’ CONTINUED FROM PAGE 41 tion is that participants may be drawn from ethnic nationalities and at least the six basic estates of the realm, namely the Executive, Legislature, Judiciary, Media, Civil society and Organised Business. I have defined civil society in a very broad sense to include NGO’s, religious and traditional institutions and of course labour youth and women. “I would readily adopt Dr. Alex Ekwueme’s recommendation that the new structure of Nigeria should be based on our six geo-political zones. I would further recommend massive devolution of powers from the Central government to the state governments. This is called the principle of subsidiarity.” National Mirror sought the views of senior lawyers on the issue of relevance of national conference and obtained a rich medley of views. A foremost constitutional lawyer, Professor Itse Sagay SAN, who berated the lopsided nature of Nigerian federation and advocated for a national debate as a measure of redress, said “The funds in the Federation Account are generated by (i) oil and gas proceeds (Niger Delta states). (ii) VAT (mainly Lagos State) (iii) Customs dues (ports owning states and goods destination states) and (iv) companies and income taxes (federal, but generated in states hosting companies). So the Federal Government collects all these moneys and releases a tiny fraction back to its true owners at monthly classroom sessions at Abuja. This is a reversal of federalism and an effective operation of a unitary system. The country will never develop as long as this eccentric system is sustained. “How can this situation be corrected and how can federalism be re-introduced into Nigeria? The only way is by a national conference which will fashion out a new constitution, which will then be subjected to a national referendum. That is the only way forward for Nigeria to

Ogunlesi (SAN)

Agbakoba (SAN)

eliminate its current tensions, existential crisis and the dark pall over its future.” Another senior Advocate of Nigeria, Mr.Lanre Ogunlesi (SAN) said “I believe to a large extent the proposed national conference approved by President Jonathan will address some of the problems plaguing our country. “You know that the first major issue is the marginalization of the igbos. They are also advocating that there is adequate representation of their people and interests in the conference. If you also look at it, the President too is being marginalised. So I see nothing wrong in us coming together to talk about how we want us to live together and also be govern. “I also believe in the credibility of the chairman of the constituted board, I know he will do a good job. He has been tried and tested. I also know that if he is not going to achieve anything, he will resign. So let us give the body a chance, at least we have all been saying this and that , marginalisation should end, We have all been asking for national conference and so on . “Just like the president has said, no matter how you look at it and whatever name you call it whether sovereign national con-

WE ARE GRADUALLY FACING THE REALITY

WE HAVE BEEN DODGING.

OUR PROBLEMS

ARE TOO COMPLEX TO BE WISHED AWAY.

ference or national conference. As long as it is able to confront our national issues, I am okay with it.” In his own view, a popular Lagos-based lawyer, Dr. Tunji Abayomi, said “We have had about ten constitutions, from the Richard constitution of 1946 to the Abdul-Salami’s constitution of 1999; all these constitutions were dominated by one single individual “From 1998, I have been in the forefront of calling for a National Constitutional Conference. I do not know what the government intends because to talk of a national conference is not just sufficient. What is important is to know what the national conference wants to do. “Let me explain to you the foundation for this necessity, a compelling need for

Media responsibility Vs private rights GBOLAHAN GBADAMOSI BOSTON, USA

I

s it right for any news media in Nigeria, especially the print media to publish the picture of the family of the president relaxing on the Maiyegun Beach in Lagos? This is one the questions that was hotly debated at the just concluded International Bar Association (IBA) in Boston, USA during the Media Law session, tagged‘What happens in Vegas, stays on the internet’. Put it in a different way- Public space V privacy. Anchoring the stimulated discussion was the Senior Vice- Chair, Art, Cultural Institution and Heritage Law Committee, Mark Stephens. On the panel were- Sir Thomas Evans of Thomson Reuters, New York USA, Emily Bell of Columbia Journalism also of New-York, John Kampfner of Google in Lon-

don, Bobb Barr of Liberty Guard, Atlanta, Georgia , USA, Kelli Sager of USA and Chair, Media Law Committee of IBA, David Schulz. Delegates to the conference heard how individual privacy rights have not been effectively established or enforced on a global level. In particular, the speed and developments of technology mean it is difficult to draw hard and clear lines. It was the considered opinions of many of the panellists that, the private world is shrinking, as paying for privacy may become more and more a reality to protect yourself from the media, but wouldn’t be sufficient to protect against government intrusion. According to Stephens, ‘’ There are two aspects of interests here; first how we deal with the media and if we have any privacy left from the states. Obviously we have just started to have a public debate about this”.

Itse-Sagay (SAN)

The debate also threw up the recent revelations by Edward Snowden published by The Guardian newspaper about a widespread National Security Agency(NSA) spying programme have shown that governments too are stepping over the bonds of privacy. To Schulz, ,”The link between the two(privacy from the media and privacy from government)is the need to change how we think about privacy .We need to establish a legal framework for things that should be considered”. On individual’s rights to privacy, the panellists reasoned that, a person’s location and visibility are an important factor in determining who and what should remain private, as is what they choose to make public. Photographs taken of individuals outside or within normal view of the public area typically considered not infringing on a person’s privacy.

a national conference. The first thing is that the peoples of this nation have never agreed on how they want to relate to one another. They have never agreed on the nature of government and what government is. Maybe the Okunronmu- Committee will come up with rational ideas that are definitive of what we are asking for, which is the constitution of the people by the people and for the people. A constitution that defines the terms and condition of our relationship as a people.” Also expressing his views, a Lagosbased lawyer land human rights activist, Mr. Yahaya Oladeji, said “We are gradually facing the reality we have been dodging. Our problems are too complex to be wished away. They must be addressed and there is no better platform for doing this than through a national conference. But it must just be conference but a sovereign conference because it is only a sovereign conference that can go deep to address underlying problems threatening our nation. “If we are contented with holding just any conference, people will just go there and talk and we would be scratching the surface of the problems”

LEGAL TIPS POWER OF ATTORNEY

A power of attorney is a written authorisation to represent or act on another’s behalf in private affairs, business, or some matter of legal nature. The person authorizing the other to act is the principal,grantor, or donor (of the power) while the person so authorised to act is called the agent. . You can set up a Lasting Power of Attorney (LPA) to give someone the authority to make decisions on your behalf only when you have mental capacity, that is when you are sane and not afflicted by mental illness. . A power of attorney must be signed and dated at a minimum by the principal There are two types of LPA. •A Property and Financial Affairs LPA covers decisions about the donor’s property and money. •A Personal Welfare LPA covers decisions about the donor’s healthcare and personal welfare. . You could also set up an Ordinary Power of Attorney, which gives someone else the power to handle your financial affairs for you. . Not that even this one can be validly done while you have mental capacity to make decisions about your finances. . The role of attorney involves a great deal of power and responsibility, so make sure you think carefully about who you choose. You must be able to trust them to make decisions in your best interests.


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Law & Justice

Monday, October 14, 2013

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How Gani battled to prosecute top security chiefs over Giwa’s murder F awehinmi during his lifetime had demonstrated his doggedness in his pursuit of human rights and the cause of the oppressed. Shortly after Dele Giwa was killed by a parcel bomb at his Talabi Street residence in Ikeja on October 19, 1986, the fiery lawyer took up the challenge to unravel the mystery behind the dastardly murder. As a result, he proceeded to the court on November 3, 1986 seeking for leave to seek for an order of mandamus against the then state DDP, (then Solicitor-General and later Justice James Oduneye). Apart from mandamus, several applications such as libel, slander, criminal defamation, and contempt were brought against Fawehinmi while the lawyer also initiated action against the authorities for assault against his person and the seizure of his books. For the benefit of the laymen, an order of mandamus is an order to compel the performance of a public duty, as a first resort where no other remedy is available. When a public institution fails to perform a public duty, the civil rights and obligations of some citizens are bound to be affected. It is an order which a court of law can make as a consequential order in any deserving case before it. At the high court, late Justice Candide Ademola Johnson refused Fawehinmi leave, stating that he had no locus standi to bring the action. He proceeded to the Court of Appeal where he suffered a similar set back. The uncompromising human rights crusader went to the Supreme Court where he contended that the DPP was under an obligation to decide on whether to prosecute the security chiefs or not. Interestingly at the Supreme Court, it was held that the applicant had locus standi to institute the action and he was granted leave to seek for the order of mandamus. The court said that “since the respondent has failed to carry out his statutory duty, the appellant is justified in bringing the application for an order of mandamus to compel the respondent to perform the duty.” The apex court by a majority decision of six to one on December 18, 1987, eventually changed the story of Fawehinmi’s bid to prosecute the two security chiefs, the head of Directorate of Military Intelligence, Col Halilu Akilu and his deputy, Lt. Col. Kunle Togun, in the Ibrahim Babangida administration. With the Supreme Court fiat, the lawyer filed the mandamus application at the high court. On January 21, 1988, Justice Olusola Thomas granted the request sought and compelled the office of the state Attorney -General or the DPP to either prosecute or allow Fawehinmi to do so as a private prosecutor. The state Attorney-General, Mrs. Eniola Fadayomi had refused to endorse her refusal to prosecute on an application brought by Fawehinmi as a private prosecutor. The application was for leave to effect a private prosecution of the security officers suspected of having murdered Giwa. Af-

Two weeks after the brutal murder of the founding Editor-inChief of Newswatch magazine, Dele Giwa on October 19, 1986, Lagos Lawyer, Gani Fawehinmi, approached a Lagos High Court to compel the state Director of Public Prosecutions (DPP) to prosecute two top security chiefs. In the process, Fawehinmi filed about 38 cases and made 214 appearances at the high court. FRANCIS FAMOROTI, Head, Judiciary, highlights the legal battles.

FAMOUS CASES

ALTOGETHER MY LORD, BETWEEN 1986 AND 1989, 35 CASES, BOTH CIVIL AND CRIMINAL MATTERS, HAVE ARISEN FROM DELE GIWA’S MURDER. ter a protracted challenge of the locus standi of the applicant, to bring a private prosecutor, a Lagos High Court finally ordered the Lagos State Attorney- General to do her duty. Before an order of mandamus may be issued, there must have been a request to the public body to do its duty and a refusal by the said institution. The difficulty which may arise, of course, is that a public body to which a request to perform a duty has been made may not directly indicate its refusal. Where such a body remains silent, that is, it does not accept or reject to perform the duty then a refusal may be implied in the interim. The snag however is that sometime may have elapsed from the time of the request before this presumption can be safely made. Sequel to the order of the apex court however, the Lagos State Government commenced the trial of the security chiefs. A charge No ID/4C/88 was preferred against the men and the then state Attorney General , Fadayomi opted to prosecute the two security chiefs and the case was assigned to Justice Eniola Longe of an Ikeja High Court. The accused persons were absent in court and their counsel, Chief F.R.A Williams raised a preliminary objection to

the charge. Curiously, the Lagos State AG, supported Williams’ application and after a series of arguments, Justice Longe struck out the suit. After stepping out of the courtroom, Fawehinmi vowed to appeal and he addressed the press outside the court on February 23, 1988 where he described the court proceedings as “an Alawada circuit”. Angered by this action, the government subsequently charged him to court for criminal defamation before Justice Olu Obadina of Ikeja High Court (as he was). Fawehinmi challenged his trial and the court quashed the charge against him. Notwithstanding, he filed a notice of appeal against the decision of Justice Longe to strike out the charge preferred against the security chiefs. On February 29, 1988, Fawehinmi filed a new suit seeking for a new order of mandamus following fresh facts at his disposal, allegedly linking the security chiefs to Giwa’s murder. The late Justice Idowu Agoro also of the high court granted Fawehinmi leave to seek for an order. Williams appealed against the order on behalf of the security chiefs. Fawehinmi had told the court that the additional evidence he had was in respect of the alleged dead drug courier,

Gloria Okon. He said when Giwa visited him on October 17, 1986, two days before he was murdered, he told him that the Newswatch was working on a serious story concerning the issue of Okon, who was arrested on the allegation of possession of hard drugs. It was alleged that the lady, believed to be a courier of hard drugs for a prominent Nigerian had died in custody . In a swift, Akilu and Togun sued Fawehinmi for libel and Justice Omotunde Ilori awarded N6 million damages against the human rights activist. The damages were later reversed on appeal. The legal battles Fawehinmi fought over the N6 million damages slammed on him also led to his imprisonment for 12 months for contempt on January 4, 1990. However, the order by Justice Ligali Ayorinde was later quashed by the appellate court. In an affidavit deposed by Fawehinmi before Justice Ayorinde in 1989, the human rights activist said “Altogether my Lord, between 1986 and 1989, 35 cases, both civil and criminal matters have arisen from Dele Giwa’s murder. This will be the 36th.and now your lordship has ordered that on or before the 15th of January, 1990 that I pay N6 m case to this court. By next week I will be standing before the Transition to Civil Rule Tribunal for another criminal charge by this government. ” On the whole Fawehinmi appeared before no less than 24 judges from the High Court to the Supreme Court in pursuit of his determination to expose those he believed were responsible for Giwa’s death.


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Artist Ovenden jailed after ‘unduly lenient’ sentence

Ovenden

I

nter nationally-renowned artist Graham Ovenden has been jailed after his suspended sentence for child sex offences was found by the Court of Appeal to be “unduly lenient”. A BBC report says that Ovenden, 70, of Bodmin Moor, Cornwall, has had his sentence increased to two years and three months in custody. He was convicted at Truro Crown Court of six counts of indecency with a child and one of indecent assault. After his trial, Ovenden was cleared on three counts of indecency and two of indecent assault. He was accused of abusing children, as young as six, who posed for his paintings in the 1970s and ‘80s at his studio in Cornwall and former home in Hounslow, west London. The sentence was referred to the Court of Appeal by Attorney General Dominic Grieve and reviewed by Lord Chief Justice Lord Thomas, sitting with Mr Justice Henriques and Mr Justice Blake. Lord Thomas, who said Ovenden had not shown a “shred of remorse” for his victims, ruled the sen-

National Mirror www.nationalmirroronline.net

IBA Conference: US Secretary of State asks lawyers to reshape rule of law

Foreign

United Kingdom

Monday, October 14, 2013

tence passed at Plymouth Crown Court should not have been suspended and imposed the prison term. The judges rejected the defendant’s claims that his interest in young girls was artistic and not sexual. Lord Thomas said the girls had “no understanding of the true purpose” behind what Ovenden was doing. There was no doubt that his purpose was sexual,” he said. “There is no doubt that he had a sexual interest in children.” He added Ovenden’s reputation as a landscape artist enabled those who were closest to the children to trust him. The judges heard a bid by the defendant, who denied abusing his subjects, to challenge his conviction. He had previously admitted taking the pictures of children, including those in various states of undress, but claimed they were not indecent. The court rejected his application for permission to appeal, ruling the verdicts were “safe”. Lord Thomas said the court had seen victim impact statements in which they described how giving evidence at Ovenden’s trial was the worst experience of their lives.

USA

T

his year International Bar Association (IBA) conference began on Sunday night on October 6, 2013 in Boston, USA with a charge by the former US Secretary of State, Madeleine Albright to global lawyers to reshape the rule of law. According to a participant, Mr. Gbolahan Gbadamosi, Albright spoke as a Keynote Speaker inside the Veterans Memorial Auditorium, Hynes Convention Centre, where she said virtually every foreign policy initiative has a legal side to it. Her words: “The law provides the needle and thread that holds a society together. Without it, the fabric of any society will unravel and fray”. Albright, who was the 64th US Secretary of State during the presidency of Bill Clinton, emphasized not only the importance of the rule of law, but also the difference just and unjust laws. She added that, there was another related ques-

tion that might be posed by half the people on earth. That, she said was: does the law even know my name. Breaking this chain of poverty will be difficult, she predicted, adding that, “Progress is most likely when broad sectors of the population understand the value of legal empowerment and organize themselves for that purpose”. While welcoming the participants which included the President, Nigerian Bar Association (NBA), Okay Wali (SAN), former NBA Presidents, OCJ Okocha (SAN), Chief Wole Olanipekun (SAN) and Joseph Daudu (SAN), Rickey Tarfa (SAN), former General Secretary of NBA, Mark Ibrahim and the current scribe, Emeka Obegolu, among others, President of IBA, Michael Reynolds urged the participants to seize the opportunity provided by the conference to network. Meanwhile, IBA has announced the winner of this year Human Rights Award. He is a former professor of constitutional and inter-

Albright

national law in the Somalia National University, Abubakar Hassan Ahmed. He was a victim of the regime of dictator Said Barre from 1969 to 1991. He is currently

legal adviser to Somali’s office of the president. Two Nigerians, late Chief Gani Fawehinmi (SAN) and Femi Falana (SAN) had won it before.

Chiba murder: Court overturns death sentence

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Japanese Prime Minister Shinzo Abe

Tokyo

he Tokyo High Court has overturned a death sentence given to a man convicted of murdering a student in Matsudo, Chiba Prefecture, in 2009. The court instead sentenced the man to life imprisonment. BBC report says that Tatsumi Tateyama, 52, was convicted of murdering 21-year-old Chiba University student Yukari Ogino in October 2009. Ogino was found dead with stab wounds to the chest and neck in the burned-out ruins of her apartment. Tateyama

was arrested after police released security camera footage of him withdrawing money from the victim’s account at an ATM machine. He admitted to the crime and said that he had set fire to the apartment after the murder in order to erase any possible DNA evidence that would lead to his arrest. In June 2011, he was sentenced to death, but his lawyer appealed. In handing down its ruling on Tuesday, the high court said that Tateyama’s stated objective was robbery and that premeditated murder could not be proven, TBS reported.

I was nervous –Funmilayo Sangodara

M

y first solo appearance was before Justice Adeniyi Onigbanjo. My Principal, Mr. abayomi Bisuga Esq. instructed me to appear for our client in a case scheduled for judgment When I got to court, I had thought I would

just sit down, listen to the judgment being read and further urge the court registrar to make available CTC copy of the judgment. It was later that I learnt that I have to announce my appearance, raise some issues and also re-adopt our final

written address. I was nervous as it was my first appearance before a judge and I happened to be the only female and youngest lawyer in the court room that day. But, I got encouraged by the judge who was patient with me and other senior coun-

sel in court. Lawyers in court and the court registrars even laughed at my nervousness. The Judge really encouraged me and I got my confidence restored. The experience was quite encouraging and further boosts my confidence.

Sangodara


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Monday, October 14, 2013

The foundation of constitutional democracy THE ADVOCATE OLUGBEMI FATULA

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

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he state of nature has been described by Thomas Hobbes as a state in which there was a perpetual struggle of all against all. In that state, men were said to be moved into action by their desires and appetites and not by their objective sense of reasoning. Man’s strongest instinct in the state of nature is the instinct of self preservation, which he can only ensure when he has peace and security. In the state of nature, these were lacking, there was neither peace nor security. In that situation nobody could safely pursue the satisfaction of his appetites, because, as earlier said, the state of nature was a chaotic state, a state of conflict, war and insecurity as well as continual fear and danger of violence and death. As a result of this, the life of men was said to be short, brutish and short. It was to put an end to this that a state as a political society was instituted. State in the sense of a political society is a group of people living within a defined territory with a well organized system of government and which collectively possess the character of sovereign. Ever since men realized the necessity for government, men have experimented with diverse kinds of government ranging from monarchy, considered by many to be the oldest form of government to Aristocracy, Oligarchy, Dictatorship, Facism, communism and Theocracy which is the government by a deity or by a priest of the deity. etc. Monarchy means rule by a single person, usually a king who usually based his claim to legitimacy or right to rule on several different principles such as descent from a ruling family (dynasty) or even a god. Legitimacy is normally symbolically confirmed by a solemn ceremony as a mark of office. A great advantage of this form of government is the virtue of simplicity – one person gives the orders, so responsibility for good or bad government is assured. Oligarchy is a government by a small group of

people. Dictatorship or Dictatorial government is the government by a dictator on whom has been vested absolute power of authority. A dictator is thus a ruler who is not effectively restricted by a constitution, laws and who rules in an authoritarian or tyrannical manner. Fascism was founded in Italy was Benito Mussolini. The Facist states were not simply dictatorships, they were dictatorships which demanded the whole – hearted commitment of all their people. Communism was and in some small parts of the world, still is, that system of political , economic and social organization founded on the teachings of Karl Marx . According to Marx, the whole of human history was a history of struggles between the ruling classes and the downtrodden classes. The capitalists are the ruling class while the workers are the downtrodden class. To make their world work, they needed a growing number of workers, these workers would eventually get so numerous and so fed up with making wealth for other people that they would kick out the capitalists, confiscate their wealth and rule in their place. Society as a whole would then own what had previously been owned by a few individuals. A common feature of the above forms of government is that the people’s rights are not recognized and even where they are recognized they are suppressed or held in abeyance. Again the power of government in these systems is absolute and concentrated and the people over whom the rulers ruled have no say in whatever form. Realizing that power is a powerful aphrodisiac and that power corrupts while absolute power corrupts abso-

lutely, men have continued to search for ways to limit the powers of government while still recognizing its necessity. A society without government is not an ideal society. At the same time a society with absolute , tyrannical , dictatorial, authoritarian regime is also not an ideal as far as the rights of citizens and political progress and stability are concerned. Thus it is clear from the above that while state and by implication government came into existence as a matter of necessity because man cannot realize himself except in an ordered society but because the necessity of government also create its own problems, it becomes imperative that the extent of governmental powers and its essence should be defined alongside the rights, duties and expectations of citizens from their government. The need for a type of government that would represent a good balance against oppression on one hand and effective governance on the other hand led men to come up with Democracy which in its simplest form is the government by the people or their elected representatives. Democracy is founded on certain core principles called democratic principles. Some of these include, free and fair elections as a mode of recruiting political leadership, the existence of a constitutional division of governmental powers, checks and balances, Rule of Law and Good governance, independent Judiciary and judicial review , etc. All these core principles are normally contained in the constitution of modern states. What this imply is that every democracy is constitutional in nature. Thus a major feature or characteristics of modern states is the existence of a body of rules and regulations by which that state is to be governed. This body of rules is considered the grundnorm of the political society and it is the critical factor which distinguishes modern state from the Hobesian state of nature. This body of rules is known as the constitution.

Law & Justice EVENT

Mr. Tayo Oyetibo, SAN and Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi III at a recent public lecture and commissioning of Tayo Oyetibo law office, Lekki, Lagos

The immediate past governor of Ogun State, Otunba Gbenga Daniel, Professor Taiwo Oshipitan, SAN and Mr. Kemi Pinheiro, SAN.

Former Vice Chancellor, University of Ado-Ekiti, Professor Akin Oyebode and the past Chairman, Economic and Financial Crime Commission, (EFCC), Malam Nuhu Ribadu.

A DICTATOR IS THUS A RULER WHO IS NOT EFFECTIVELY RESTRICTED BY A CONSTITUTION AND LAWS AND WHO RULES IN AN AUTHORITARIAN OR TYRANNICAL MANNER.

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Professor Clyford Odunayo Olawoye and Mrs. Titilola Akinlawon SAN


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Community Mirror “Globalisation would work better when African countries take greater advantage of their human and natural resources to enhance their ability to compete effectively with other regions in world trade.” PRESIDENT GOODLUCK JONATHAN

Youth leader calls for amenities in Maritime Academy TONY ANICHEBE UYO

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larmed by incessant clashes between the Maritime Academy of Nigeria and Udung Okung and Eyo Abasi villages, a youth leader in Oron, Apostle Etim Ante has called on the Akwa Ibom State Government to provide more access roads for people of the area. Speaking, Ante appealed to Governor Godswill Akpabio to construct access road from Methodist Boys’ High School to Udung

Okung and Eyoabasi in order to stop the infiltration of some indigenes and residents into the academy’s premises. He also called on the government to build 200 capacity hostels to increase the admission of cadets for the host community. Ante, who is the International President of Essu Nlap Oro Development Organization, stated that one of the many areas in which government has made a strong presence is in the area of road construction, adding that the academy and the people were earnestly yearning to be part of this trans-

formation drive. “I am appealing to Governor Godswill Akpabio who has extended his benevolence to the University of Uyo, and other institutions to extend same to the Maritime Academy of Nigeria, Oron. He lamented that the academy rector arrived at Oron when there was communal crisis between Udung Okung and Idua Ukpatta communities, which led to wanton destruction of lives and property. Realising that no development thrives in an atmosphere of violence, the rector took positive steps to bring peace to the warring com-

munities and provided them with some social amenities including electricity and pipe borne water. Commenting on the current state of the academy, Apostle Ante who spoke on behalf of the youths, stated that the infrastructural renaissance; improved facilities and work force, academic excellence and discipline recorded in the academy are evidences that the school will soon be transformed to a world-class university. He appealed to well-meaning sons and daughters of Oron to support the rector in his relentless commitment to reposition the academy in line with global best standards.

Man arraigned for illegal paramilitary OJO OYEWAMIDE AKURE

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50-year-old man, Oluade Fatuba, has been arraigned before an Akure Magistrate’s Court for allegedly operating a paramilitary outfit called the ‘Nigerian Merchant Navy’. The accused was alleged to have operated the outfit from January 2010 to September 30, 2013, in Ondo without approval of the national maritime authority. The offence was said to have contravened Section 509 and 516 [A] of the Criminal Code, Cap 37, Vol. 1 Laws of Ondo State of Nigeria 2006. Fatuba was arraigned on a two count charge of conspiracy and attempt to commit felony. He, however, pleaded not guilty to the charges. The prosecuting police corporal, Adeoye Adesegun, informed the court that there were four witnesses in the case. Counsel to the accused, F.C Asho, prayed the court to grant the accused person bail, assuring that his client would not jump bail. Having heard the application of the prosecutor and submission of the defence, the Magistrate, Mrs. Florence Adesida granted the accused bail in the sum of N100, 000 with two sureties in like sum, just as she adjourned the case till November 11 2013 for mention.

First aid simulation by members of the Nigerian Red Cross Society in Awka, Anambra State, during the 2013 World First Aid Day recently.

PHOTO: NAN

NIPOST blames poor addresses for inefficiency DANJUMA WILLIAMS GOMBE

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oor addresses and haphazard houses numbering in the country has been identified as one of the major reasons hampering the service delivery of Nigeria Postal Service, NIPOST. Gombe and Bauchi Area Postal Manager, Isa Barau Hassan made the complaint at a stakeholders’ forum in Gombe. He, therefore, called on customers to always endeavour to include the GSM numbers of addressees and recipients to reduce the rigours of locating ob-

scured addresses. Hassan, who also identified the ban on motorcycles as a major handicap to service delivery, said NIPOST still remained the most effective postal service as it delivers speed posts to any location in the country within 48 hours and a maximum of 72 hours. “When talking about reliability, effectiveness and privacy, come to NIPOST. We make the security of mails a top priority,” he said. He appealed to customers not to blame NIPOST for undelivered letters as some mails are trapped because supposed ad-

dressees refused to renew their subscriptions. The Gombe State Commissioner for Special Duties, Jalo Bajoga extolled the ability of NIPOST to stand the test of time, despite the stiff competition and challenges posed by other communication outfits. In another development, ECWA Goodnews School, Government Girls Secondary School GDSS, Doma and Yahaya Ahmed Modesl Secondary School, were presented awards of merit for their outstanding performance in Philatelic stamp collection.

Lagos debunks rumours on Oko-Oba abattoir MURITALA AYINLA

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he Lagos State Goverment has debunked report that meat from OkoOba abbatoir is risky and unsafe for consumption. In a statement to newsmen, the Commissioner for Agriculture and Cooperatives, Prince Gbolahan Lawal said the allegation that 4,000 cattle, 10,000 sheep and goats including 500 pigs and 10 camels slaughtered daily could lead to outbreak of diseases and epidemic in the state was not true. Lawal, therefore described the allegation as unfounded and capable of misleading the public, saying there are qualified veterinarians and other health workers at the various slaughter slabs to ensure the animals are fit for consumption. While reiterating government’s effort at ensuring that certified wholesome meat is sold, he also enjoined residents to patronise only approved slaughter slabs. He stated further that the animal hospital at Oko-Oba is well equipped and also serves as a referral centre. He said: “For better understanding of those who might have been misinformed by the report, the Ministry of Agriculture and Cooperatives is a responsive appendage of the government that has not relented in its effort to bring wholesome meat to the citizens. “We are very much concerned about the implication of consuming unwholesome meat. We cannot toy with the lives of over 18 million Lagosians and that is why the ministry recently clamped down on illegal abattoirs to avert incidence of diseased infected animals. Also, 200 refrigerated meat vans were recently provided to replace the old ones for healthy distribution of meat,” he said.


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World News “The Republic of Ireland is on track to exit its international bailout programme by December”

Indian temple stampede kills 89

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- IRISH PRIME MINISTER, ENDA KENNY

32 die in Mali’s boat mishap PAUL ARHEWE

WITH AGENCY REPORTS

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he death toll from one of the worst ever river boat mishaps in Mali has jumped to 32, including many young children, local officials and survivors said yesterday. Rescuers were still hunting along the Niger river for the missing after the tragedy struck overnight Friday in central Mali, while survivors hailed local villagers for preventing an even heavier death toll. “Until now, 32 bodies have been recovered but there are still people in the water we are searching for,” said Ibrahim Waigalo, an advisor in the village of Koubi near the site of the accident. The dugout boat, carrying scores of people and a large amount of merchandise, broke up on the Niger near Koubi, which lies around 70 kilometres (40 miles) north of the central city of Mopti. Local officials had said on Saturday that 20 people had perished, including 15 children, while 23 were missing and 210 survived. It is one of the deadliest river disasters in Mali, according to the local authorities. While accidents involving the rudimentary canoes are frequent, Mopti

The river from which the boat capsized in Mali.

governor Ibrahima Hama Traore said the human loss this time was exceptional. “It was the residents of Koubi who saved us. It is thanks to them that there are not even more dead,” said Seydou Maiga, a teacher who survived the tragedy. “There were lots of women and children. Yesterday we buried 13 children, it was terrible,” he added. Maiga said the boat, which was en route from Mopti to the fabled desert trading city of Timbuktu over 700 kilometres (400

miles) away, was overcrowded. He said 218 people had bought tickets for the boat trip. “But there were many more than that on board, I don’t know how many, perhaps 300 as there were people who hadn’t bought tickets.” A news agency’s journalist in Koubi saw the bodies of a woman and a young girl pulled from the Niger, while the deputy mayor of the neighbouring village of Konna -- about 20 kilometres away -- said 10 bodies had been recovered there. “Unfortunately it is certain that other bodies will be

AU agrees Kenyan president should not go to ICC trial

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frican leaders have agreed that Kenyan President Uhuru Kenyatta should not attend trial at the International Criminal Court if the U.N. Security Council did not agree to delay the proceedings, Ethiopia’s foreign minister said. It also agreed a resolution stating no sitting African head of state should appear before an international court. With both Kenyan and Sudanese presidents facing ICC cases, African leaders have long complained that the court unfairly targets them. The AU had discussed withdrawing from the ICC, but failed to get support. Senior figures including Kofi

Annan have criticised plans to quit the ICC. When I asked people in Kenya last month what they thought about their president going to The Hague many didn’t know how to answer, saying simply that it was a strange situation. It is indeed - and people can be forgiven for not knowing quite how to react. And now it has just become more complicated. Although Mr Kenyatta has always said he will co-operate with the court, this AU ultimatum definitely gives him political wriggle-room. If he is to resist going to The Hague until the end of his presidential term, what will people feel if he wants to stand again and campaigns for a second

PHOTO: TELEGRAPH

found,” said the official, Demba Samouka. Rudimentary canoes are the main means of transport for residents of Mali’s central and northern regions travelling to the towns dotting the Niger, the main river in West Africa. Often powered by a van motor, they can sometimes carry tonnes of merchandise as well as over 100 passengers. The Niger is more than 4,100 kilometres (2,500 miles) long and connects landlocked Mali’s arid north to the more fertile south.

Congolese rebels fire on UN helicopter

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Kenyatta

mandate on a nationalist card of non-attendance at the ICC? And another complication: the Kenyan constitution says he is immune from national courts but has to follow the edicts of international ones. This whole affair is breaking new ground; expect more confusion in Kenyan hearts.

nsurgents in eastern Congo fired at a United Nations helicopter after threatening to attack U.N. aircraft, further raising fears of a return to fighting in the volatile region. Negotiations between the M23 rebels and the Democratic Republic of Congo’s government restarted after U.N.-backed Congolese troops dealt the rebels a rare defeat in August. But talks have made little progress on ending the latest conflict in a region where fighting, rooted in ethnicity and struggles over resources, has cost millions of lives in the past two decades. The unarmed U.N. helicopter came under fire as it flew a reconnaissance mission over the M23 stronghold of Rumangabo, in mineral-rich northern Kivu province, the U.N. mission said.

WORLD BULLETIN Detained American found dead in Egypt’s cell

A U.S. citizen detained in Egypt for violating curfew in August was found dead yesterday in his jail cell, the second foreigner to die in detention in recent weeks, security officials said. The U.S. Embassy in Cairo confirmed that an American citizen held prisoner in the Suez Canal city of Ismailia died from an apparent suicide and that it was in contact with Egyptian authorities. It had no further comment. Security officials identified the man as James Henry, 66, a retired U.S. Army officer who arrived in Cairo from the Gulf kingdom of Bahrain on Aug. 25. Henry was detained by army troops in the turbulent region of northern Sinai three days later while making his way to the border crossing with Gaza in the town of Rafah, the officials said. Henry was flown to the Suez Canal city of Ismailia on a military aircraft and handed over to the police who remanded him in custody pending charges, the officials said. Jailers found Henry dead after he used his belt and shoe laces to hang himself, the officials said. They spoke on condition of anonymity because they were not authorized to speak to journalists.

France to increase troops in Central African Republic

France will boost its troops presence in the Central African Republic by the year end under a forthcoming U.N. resolution to help prevent the country from spiraling out of control, Foreign Minister Laurent Fabius said on Sunday. Fabius and European Union’s aid chief, Kristalina Georgieva, are in the country to drum up support and international interest for a largely forgotten crisis. “We will increase our support especially in the logistics domain after United Nations resolutions (are approved). We will also increase troops, a little at first. This will be done before the end of the year,” Fabius said. France currently has about 400 troops in Bangui, protecting the airport and French interests. Fabius did not say how many troops will be added, but sources have told Reuters the numbers could be increased to about 700-750. The Central African Republic has descended into chaos since mostly Muslim Seleka rebels ousted President Francois Bozize in March, the latest coup in the country that remains one of the world’s poorest despite resources ranging from gold to uranium. Since seizing power aided by the Seleka alliance, transitional President Michel Djotodia has failed to control the ex-rebel fighters who have been accused of unleashing a wave violence on civilians despite being officially dissolved.


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Red Cross workers kidnapped in Syria

Briefs Colombian governor charged with murder A regional governor in Colombia has been arrested on charges of murder and conspiracy, prosecutors said. The governor of La Guajira province, Juan Francisco ‘Kiko’ Gomez, is accused of murdering political rivals. He is also accused of links to right-wing paramilitaries and criminal gangs. Local reports say the governor’s supporters tried to prevent his arrest when police came for him during a festival in his home town of Barrancas, in northeastern Colombia. Colombia’s deputy attorney general, Jorge Fernando Perdomo, said Kiko Gomez was linked to the assassination of a Barrancas town councillor, Luis Lopez Peralta, in 1997. He has also been charged in connection with the murder of Luis Alejandro Rodriguez, and Rosa Mercedes Cabrera in 2000, said the prosecutor. Kiko Gomez is also accused of criminal involvement with paramilitary groups in La Guajira, on Colombia’s border with Venezuela. The charges include links with Rodrigo Tovar Pupo, alias Jorge 40, commander of the right-wing United Self-Defence Forces of Colombia (AUC), said Mr Perdomo.

10 killed in Iraqi bombs blasts A series of bombs killed at least ten people in mostly Shi’ite Muslim provinces of Iraq yesterday ahead of the Muslim feast of Eid al-Adha, police and medical sources said. Altogether 11 bombs were detonated by remote control. The deadliest attack took place in the city of Hilla, 100 km (60 miles) south of Baghdad, when two car bombs blew up in quick succession, killing at least five people, police said. It was not immediately clear who was behind Sunday’s attacks, which appeared to be coordinated, but Sunni Islamist and other insurgents, including al-Qaeda, have been regaining ground this year. More than 6,000 people have been killed in acts of violence so far in 2013, reversing a decline in sectarian bloodshed that climaxed in 2006-07. In Kut, four car bombs exploded separately, one of them near a primary school and another near a restaurant, killing at least two people and wounding 31, police said. Leaflets signed by al-Qaeda’s Iraqi affiliate have been distributed on the streets of the Baquba in recent days, telling residents not to send their children to school or they will be killed, residents and police said. Last week, a suicide bomber drove a truck packed with explosives into the playground of a primary school in northern Iraq and blew himself up, killing 14 children along with their headmaster.

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Bodies are pictured on a bridge following a stampede outside the Ratangarh Temple in Datia district, Madhya Pradesh state, yesterday. Photo: Getty Images

Indian temple stampede claims 89

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ome 89 pilgrims, mostly women and children, have been killed in a stampede at a Hindu festival in central India, local officials have said, in a report from the BBC. Many were crushed after panic broke out on a bridge near the Ratangarh temple in Madhya Pradesh state. Others died when they jumped from the bridge. Officials said the stampede may have been sparked by a rumour that the bridge was about to collapse. Hundreds of thousands had gathered near the town of Datia for the festival. Local devotee Atul Chaudhary, who survived the crush, told BBC Hindi there had been a couple of thousand people on the bridge. He heard screams, and people began rushing to get off the bridge. Deadly stampedes are common during India’s often chaotic religious festivals. Most of the incidents are blamed on poor crowd-control techniques and planning by the authorities. Indian religious festivals often attract hundreds of thousands of

people, sometimes even millions as in the case of the Kumbh Mela festival in Uttar Pradesh. It’s a challenge for the authorities to build tents, erect makeshift bridges, and install sanitation facilities. Often there are few first aid or medical facilities. The Indian bureaucracy and security forces are ill-equipped and too under-staffed to manage such mega-events. Pilgrims are sometimes in a hurry to finish their prayers and get home early. On occasion, rumours of an accident or a bridge collapse have also triggered stampedes. Repeated accidents of this kind only show that no lessons have been learnt. “Several people could be seen flattened to the ground in the midst of the melee,” he said. “Some of the youngsters panicked and jumped into the swollen river. “I and my friends were close to the exit point and along with several others ran for safety. Scores of others were not so lucky.” The narrow bridge is about 500m long, and had only recently been rebuilt following another

stampede in 2007. Madhya Pradesh health minister Narottam Mishra said 89 people were confirmed to have died. “The cause of the stampede is a matter of judicial inquiry. Information from locals suggests that rumours of the bridge giving way could have led to the stampede,” he said. Other reports suggested that police sparked panic by using batons to control the crowd. Officials said the dead included 42 women, 30 children and 17 men. Emergency crews and specialist divers were still searching the river for bodies. Local official Sanket Bhondve said the immediate priority was to provide relief to those injured. The accident happened at about 09:00 (03:30 GMT), but information was slow to emerge because the temple is in a remote area with erratic mobile-phone coverage. Inside Jodhpur’s Mehrangarh Fort, more than 220 people were killed in 2008 in a stampede at the Chamunda Devi Hindu temple.

he International Committee of the Red Cross (ICRC) said gunmen have abducted six of its workers and one Red Crescent volunteer in north-west Syria. The aid agency has had no contact with the gunmen, an ICRC spokesman said. Earlier, Syrian state media said gunmen opened fire on Red Cross staff travelling on the Sirmin-Saraqeb road in Idlib province. The ICRC says it has been struggling to gain access across Syria to provide aid to injured and displaced people. “I am able to confirm that six ICRC staff members and one Syrian Arab Red Crescent volunteer have been abducted near Idlib in north-western Syria,” ICRC spokesman Ewan Watson told Reuters. “We are calling for their immediate and unconditional release of this team which was delivering humanitarian assistance to those most in need - and we do that on both sides of the frontlines,” he said. He declined to reveal the identity, gender or nationality of the abducted workers. Syrian state news agency, Sana, earlier quoted an unnamed official as saying the workers were abducted and taken to an unknown location after gunmen blocked their path and shot at their convoy. Watson was unable to confirm if shots were fired, but he said the team’s vehicles were also missing. Another ICRC spokesman, Saleh Dabbakeh, told Associated Press the attack took place at 11:30 (08:30 GMT) yesterday. It is not yet clear who carried out the kidnapping, but Syrian state TV blamed it on what it called “armed terrorists” - a term it frequently uses to describe anti-government rebels.

Italy to step up patrols to save migrants from shipwreck

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taly is to step up naval and air patrols in the southern Mediterranean to try to prevent repeats of the shipwrecks which have drowned hundreds of African migrants this month. Prime Minister Enrico Letta said late on Saturday an “air and naval package” would be put in place south of Sicily, where tens of thousands of migrants in flimsy, overcrowded boats have made the crossing from Africa so far this year. Italian officials have been increasingly worried by the uncontrolled arrivals from a region destabilized by the civil war in Syria, chaos in Libya and unrest in Egypt

Rescued migrants sitting in a corridor while waiting to undergo preliminary medical tests at Mater Dei Hospital in Tal-Qroqq, outside Valletta, on Saturday. Photo: Reuters

and elsewhere. “We intend to triple our presence, in terms of both men and means in the southern Mediterranean, for a military-humanitarian mission that has been

made necessary in part by the fact that Libya is currently a ‘non-state’,” Defence Minister Mario Mauro told the daily Avvenire newspaper. He said operational and finan-

cial details of the deployment were being worked out and could involve more patrol vessels or more powerful ships with greater surveillance capacity. “We need strong action to stop these shipwrecks out to sea,” Mauro told the newspaper. Italian media reported that unmanned drone aircraft based in Sicily could also be used to identify boats in trouble. In addition to coastguard and frontier police vessels, the Italian navy currently has three vessels supported by four helicopters patrolling the area, and two surveillance aircraft with night vision capabilities in support.


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Abuja’s N69bn Millennium Tower not abandoned –FG OMEIZA AJAYI ABUJA

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he Federal Government has said that it had not abandoned the N69 billion Millennium Tower and Cultural Spine being built at the Central Area of the Federal Capital City, FCC, in Abuja. The Federal Capital Territory, FCT, Minister, Senator Bala Mohammed, who disclosed this at the weekend, said the project was scheduled to be completed by December 2014.

Mohammed, who spoke through the Director of Public Building in the Federal Capital Development Authority, FCDA, Bernard Lot, said N34 billion had so far been spent on the Millennium Tower project, leaving a balance of N35 billion. He said that the project had gone very far. While pointing out that the test running of the Millennium Towers would be carried out within the next three weeks, the minister said the total height of

the tower was 110 metres and that the components included restaurant, a national square, which would eventually take over from Eagle Square, car parking facilities and others. Lot listed those to be completed next month to include the National Square and the underground parking system. He added that the rolling restaurant would be completed by June next year while the cultural centre, museum, five-star hotel, auditorium, swimming pool and the botanical

garden components of the project would be completed by October next year (2014). He stated that the tower is being built in such a way that security considerations have been factored in, especially in view of the strategic location of the tower between other national monuments, such as the Central Bank headquarters, the National Christian Centre and the Central Mosque among others. Another Director in the FCDA, Ben Ukpong said there are currently 65 infra-

structural projects of various magnitudes that are at various stages of completion in the territory. He said while 40 are at various stages of completion, 24 are 80 per cent completed while six of those projects are ready for commissioning. Meanwhile, the FCT Administration has also defended the alteration of the Abuja Master plan in certain areas, arguing that such actions were taken in “public interest” Director, Urban and

Regional Planning, Abdurahman Salami said the perceived abuse of the city’s master plan was as a result of changes in government policies which affect plans. He said: “Green areas are not just for that purpose, but sometimes kept for unforeseen circumstances. Although some are been altered or changed to suit the taste of time and be in tune with current trends. If they are negative, we disallow it and if they are positive we incorporate it.”

PDP asks court to stop Kwara LG polls WOLE ADEDEJI ILORIN

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L-R: Senator Bukola Saraki; Ilorin-West Local Government chairmanship candidate, Alhaji Tajudeen Zulu Oloje and Kwara State Governor, Dr. Abdulfatah Ahmed, during the presentation of PDP flag to Oloje in Ilorin, at the weekend.

Niger spends N7.2bn on fertilisers –Commissioner PRISCILLA DENNIS MINNA

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iger State Government said it had spent N7.2 billion on the purchase of assorted fertilisers for farmers between 2007 and 2013 to boost food production in the state. The Commissioner for Agriculture, Alhaji Ahmed Ibrahim Matane, who disclosed this at a press briefing in Minna, said the commodity was bought and sold to farmers in all the 274 wards of the 25 local government areas of the state at about 50 per cent subsidy. Matane explained that another N1.5 billion was spent on the procurement of about 241 tractors and implements for the state tractor hiring unit to revitalise the agricultural mechanisation policy. The commissioner, however, said this year, the government was forced to suspend the yearly purchase of 100 tractors because it was becoming increasingly difficult to manage the ones on ground.

He said: “We cannot sustain the tractor hiring department because we do not have a functional workshop to effect any repairs on the machines, whenever there are faults. “We carried out an assessment and discovered that most of those in the 25 local governments are faulty. This is the reason why we had to suspend the 100 tractors, we usually purchase on yearly basis in 2013.” Aside that, Matane also said that the state sourced N1 billion under the Commercial Agric Credit Scheme, CACS, adding that out of the loan, N546 mil-

JAMES ABRAHAM JOS

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member of the Presidential Committee on Dialogue and Peaceful Resolution of Security Challenges in the North, Dr. Hakeem Baba Ahmed, has said that “politicisation of faith” was a major threat to national security and the survival of Nigeria as

lion was given to 650 viable farmers’ groups and cooperatives as soft loan. According to him, N200 million (about 40 per cent) has been repaid by the beneficiaries. The commissioner said the balance of N407 million from the loan was added to the money jointly sourced by the state government and the 25 councils to purchase 100 tractors. He also disclosed that N72.5 million was invested on the establishment of the state Rice Investment Consortium, targeted at increasing cultivation of 100,000 hectares of rice by 2015.

Matane added that the government had committed N838 million to the various counterpart agreements it entered on national and international donor supported programmes such as FADAMA III, RAMP II and other specialised agricultural programmes. With all these efforts in place, the commissioner expressed optimism that Niger State alone was capable of producing enough food to meet the needs of both the state and the country. He said: “The state produces enough for the people all year round. It even has enough for people to come and buy from outside.”

embers of the Peoples Democratic Party, PDP, loyal to Bamanga Tukur have approached the Federal High Court in Ilorin to stop the October 26 council polls in Kwara State. The PDP members went to court on the premise that the new PDP whose candidates dominate preparations for the elections allegedly violated the “PDP 2001 Constitution as amended”. Therefore, they asked the court to restrain the Kwara State Independent Electoral Commission, KWSIEC, from conducting the elections as scheduled. The plaintiffs in the suit are Alhaji Ademola Yusuf, Adebayo Jimoh and Prince Haliru D. Mahmud who sued the new PDP (1st defendant), Senator Bukola Saraki (2nd defendant), Inspector General of Police, the Director-General of State Security Services, SSS, and the 15 chairmanship candidates in the local governments. In their originating summons supported with an 18-paragraph affidavit, their counsel, Abubakar

‘Politicisation of religion, threat to nation’s security’ country. Presenting a paper entitled: “Freedom of worship in Nigeria, Myth or reality,” at a roundtable organised by CareFronting Nigeria in Jos, the Plateau State capital, Ahmed cited the emergence of Boko Haram insurgency as a product of the convergence of faith with political power,

adding that such practice did not augur well for the country. He said: “The insurgency of Boko Haram and Ansaru represent the clearest examples of the convergence of faith to the struggle for political power which, stripped to its rhetoric, offends the basic tenet of the Islamic faith which

insists that nobody should be compelled to be a Muslim. “These insurgents demand the elevation of Islamic faith to the political level as the fundamental guiding philosophy of the state. That position offends the concept and practice of the model Islamic society which existed in Medina

Othman, accused the new PDP, Saraki and the state PDP Chairman, Alhaji Ishola Balogun-Fulani (3rd defendant) of depriving his clients “of the opportunity to exercise their rights to contest for the primary election qualifying them to stand for the elections”. He averred that “in the circumstances of this case, KWSIEC cannot proceed to conduct the forthcoming local government elections fixed for the 26th of October 2013 or any other date with 4th to 18th defendants as the chairmanship candidates.” The plaintiffs therefore sought reliefs viz: “A declaration that the acts of selection and/or imposition by the 2nd and 3rd defendants of the 4th to 18th defendants as the chairmanship candidates of the PDP for the council polls without holding primary election as required by the constitution is a violation of the PDP constitution; “A declaration that the reconciliatory committee set up by the 2nd defendant to pacify the aggrieved plaintiffs whose rights to contest the primary election of the PDP was violated and abated is illegal, unconstitutional, null and void.” during the life of Prophet Mohammed.” According to him, in many parts of the country, practices exist or are encouraged which restrict the unhindered application of freedom of worship of citizen such as policies and practices that discriminate between citizens in terms of access to resources and power, principally on the basis of their faith.


52

News

Monday, October 14, 2013 CHANGE OF NAME

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Guber polls: Firm urges court to void Edo, Ondo elections ISE-OLUWA IGE

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Federal High Court sitting in Abuja has been asked to void the last governorship elections held in Edo and Ondo States. A firm, Bedding Holdings Limited (BHL), seeking the order is inviting the court to move in its favour on the account that the polls held in breach of a valid court order.

The gubernatorial polls were held on July 14 and October 20, 2012 respectively. The said judgment was delivered on June 5, 2012 by Justice Adamu Bello, in a suit with registration number FHC/ABJ/CS/82/2011 between BHL, Registrar of Patents, Federal Ministry of Commerce and Industry and six others. Relief six, granted in the judgement reads: “Any action or actions whatsoever and howsoever taken CHANGE OF NAME

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or purported to have been taken by the defendants relating to the said products without the prior and express licence, consent, authority and/or approval of the plaintiff is unconstitutional, illegal, unlawful and is therefore null and void.” The court, in granting relief seven, restrained the Registrar of Patents and its agents from registering or issuing the plaintiff ’s valid and subsisting patent over the ballot boxes to any perCHANGE OF NAME Ikhimeagie: Formerly known and addressed as Miss Ikhimeagie Omobolanle Tessy now wish to be known and addressed as Mrs. Aigbogun Omobolanle Tessy. All former documents remain valid. General public please take note. CHANGE OF NAME

son or organisation, except with the consent of the patentee. The firm argued that the Independent National Electoral Commission (INEC) and other actors in both elections, acted illegally when they utilised its patented ballot boxes for the elections without its prior consent. It is the plaintiff ’s contention that by virtue of the 2012 order, which declared it (BHL) the sole patentee of transparent and collapsible ballot boxes in the country, the use of such boxes without its prior consent renders the purpose for which the boxes were used unlawful and a nullity. CHANGE OF NAME

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PUBLIC NOTICE

BEST SISTERS ASSOCIATION FOR HEALTH NIGERIA This is to inform the general public that the above named association has applied to the Corporate Affairs Commission for registration under the part C of the Company and Allied Matters Act 1990.

THE TRUSTEES ARE: 1. Mrs. Patricia Adaeze Ideh 2. Engineer Onochie Micheal Asoya 3. Precious Onyeka Ideh-Ezeomedo 4. Mr. Felix Okonkwo Ideh AIMS AND OBJECTIVES:

Chairman Secretary

1. Care for the orphanage widows Any objection to the registration should be forwarded to the Registrar-General, Corporate Affairs Commission, plot 420 Tigris Crescent of Aguiyi Ironsi Street, Maitama, Abuja, within 28 days of this publication.

SIGNED: MRS. PATRICIA ADAEZE IDEH CHAIRMAN

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THE ELEVATORS CHRISTIAN CHURCH OF GOD

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ALARANSE BUTCHERS ASSOCIATION OF NIGERIA

The general public is hereby notified that the above named Ministry has applied to the Corporate Affairs Commission, Abuja for Registration under Part ‘C’ of the Companies and Allied Matters Act No. 1 of 1990.

This is to inform the general public that the above named Ministry has applied to the Corporate Affairs Commission for registration, under Part “C” of the Companies and Allied Matters Act NO. 1 1990.

Notice is hereby given to the general public 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, 1990

THE TRUSTEES ARE:

1. Brother Kehinde P. Adenika 2. Brother Olabiyi Oladepo 3. Brother Adams Sylvester 4. Sister Felicia F. Adenika 5. Brother Adebayo Emmanuel

1. Pastor Bartholomew Onyemauchechukwu Uzoma 2. Pastor Nwachukwu Chidiegwu Kelvin 3. Deaconess Mary Nwachukwu Chniyere 4. Pastor Augustine Ikpe Kalu 5. Oguzie Zephnaiah Obinna 6. Bro. Justice Osuji

THE TRUSTEES ARE:

THE TRUSTEES ARE:

– General Overseer – Secretary

AIMS AND OBJECTIVES:

To spread the good news of salvation, deliverance and healing of Jesus Mission in the world.

AIMS AND OBJECTIVES:

To preach Christ, To teach the Principle of the kingdom of God and to preach Salvation to sinners.

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

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

SIGNED: D. TUNJI DAGUNDURO Esq. Phone: 08024709735, 08150609904 Email: kingdagunduro@gmail.com

SIGNED: PASTOR BARTHOLOMEW ONYEMAUCHECHUKWU UZOMA PRESIDENT GENERAL/. CHAIRMAN

1. 2. 3. 4.

Olalere Nureni Olainukan Rabiu Akanbi Olagoge Lateef Ayinde Musemilu Ademola Balogun

5. 6. 7.

Suara Saliu Aiki Abolade Tirimisiyu Basaru Ayofe

AIMS AND OBJECTIVES: 1. For the progress of each member and association as a whole. 2. To ensure that no member of the association is subjected to any unwarranted condition(s) when performing his normal business. Any objection to the registration should be forwarded to the Registrar-General, Corporate Affairs Commission, plot 420 Tigris Crescent of Aguiyi Ironsi Street, Maitama, Abuja, within 28 days of this publication.

SIGNED: TRUSTEES


Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

53

Sport

We missed some good scoring chances today, but we are capable of going to Nigeria and also winning,”

Governor’s Cup: Omoile, Adegoke get wild cards

54

-DEGU DEBEBE, ETHIOPIA CAPTAIN.

Emenike’s brace kills off Ethiopia

Members of the Super Eagles team celebrating after beating the Walya Antelopes 2-1 in the first leg final play off of Brazil 2014 World Cup qualifier tie in Addis Ababa yesterday.

IKENWA NNABUOGOR

T

wo second half goals by Fenerbache of Turkey striker Emmanuel Emenike ensured an impressive 2-1 win against Ethiopia on Saturday to fire the Nigeria closer to the Brazil 2014 World Cup. The Eagles led by coach Stephen Keshi will only need a draw to book their flight to Brazil in the return leg in Calabar on November 16. A spirited Ethiopia took the lead after 57 minutes through Behailu Asefa, when his cross from the left was wrongly judged by goalkeeper Vincent Enyeama and the Cameroonian referee ruled it a goal.

But the African champions fought back and drew level through the individual brilliance of Emenike when he took on the entire Ethiopia defence before he fired past the goalkeeper. Emenike would then be brought down on his way to goal a minute to full time by Aynalem Haile and the Fenerbache front man dusted himself to tuck away the resulting penalty. The build up ahead of the trip to Addia Ababa began with four-day training at the refurbished Abuja National Stadium after which the team stormed the Ethiopian capital with a chartered flight complete with a strong 263 contingent. The game began with the hosts’ confidence hitting the roof top as the poor

pitch and harsh weather combining to give them the advantage over their more illustrious visitors. The Walya Antelope backed by home advantage galloped their way past the Eagles to the chagrin of the pockets of the travelling fans and millions of watchers back home The first half belonged to the home team Ethiopia as they dominated possession and they created more chances. And seven minutes later, Nnamdi Oduamadi failed to make the most a good opening when he was left all alone inside the box but scoffed his shot with the Ethiopia defence in total disarray. The biggest talking point of the first half was in the 24th minute when Oboabona cleared off the goalline after Saladin Said had chipped past an onrushing

Chukwu, Hamilton hail victorious Eagles IFEANYI EDUZOR

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ormer national team coaches, Christian Chukwu and Paul Hamilton have congratulated the Super Eagles for defeating Walya Antelopes of Ethiopia 2-1 in the first leg of the 2014 FIFA world cup play offs in Addis Ababa yesterday Chukwu expressed confidence that with the result, Eagles were as good as picking the ticket to Brazil, but cautioned the team must be at their best for the return leg to prevent the Ethiopians from causing

any major upset in the return leg. “This is a very good result because it is not always easy winning an away game especially an important match like world cup qualifier. “Their performance is an indication that Coach Stephen Keshi has succeeded in building a winning team and all necessary support must be given to him to succeed. “The players on their part should also remember that they are not yet in Brazil because in football every match is important and as such, they must prepare well for the second leg to enable them pick all the

points at stake. Hamilton noted that the result was worth celebrating, adding that the team showed discipline, character in the game. “I am very happy with the result especially when you consider that they played the match in a high altitude nation. “As somebody who has played in such a harsh weather before, I understand what it takes play in a high altitude nation and as such kudos must go to the team and the technical staff for making Nigerians happy.”

goalkeeper Vincent Enyeama. However, television replays later showed the ball had crossed the line. Ahmed Musa’s snap shot from the top of the box after 32 minutes was blocked by the Ethiopia goalkeeper. Adane Girma skied his shots high over the bar after he had wiggled his way through the Nigeria defence and in first half stoppage time, Enyeama pulled off the biggest save of the first period when he parried for corner a goal-bound effort by dangerman Said. After Ethiopia scored their goal in the second half, Nigeria fought back with Emenike’s leveller. Nigeria then had a penalty appeal overlooked after Ahmed Musa was bundled over inside the box.

Eagles will fall in Calabar –Ethiopia captain

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thiopian skipper, Degu Debebe has said despite the 2-1 loss to Nigeria yesterday, they could still turn the table in the 2014 World Cup playoff. The return leg match will be played in Calabar on November 16 with the overall winners qualifying for next year’s World Cup in Brazil. “We missed some good scoring chances today, but we are capable of going to Nigeria and also winning,”

said Debebe after the tough encounter at the National Stadium in Addis Ababa. Debebe said although they lost the game, which was very unfortunate, he thought the referee did not give them many of the advantages. “We badly needed a win at home, but we have lost. We need to go back to the drawing board and work hard to be able to win away from home,” added the skipper.


54

Sport

Monday, October 14, 2013

National Mirror www.nationalmirroronline.net

Governor’s Cup: Omoile, Adegoke get wild cards YEMI OLUS

E Kalu

World Cup qualifier: I saw it coming –Kalu

F

ormer Abia state governor Dr.Orji Uzor Kalu was a bundle of confidence as Nigeria fought from behind to nail Ethiopia in Addis Sunday. “I was so sure the Ethiopians would fall. My pre-match prediction was that the Eagles were unstoppable. You saw how they electrocuted their opponents, “Kalu said in his Lagos home at the end of the clash. The ex-governor had even calmed nerves when the going got tough emphasizing that Nigeria could pick a late goal. “I saw a late goal coming,” he predicted. “When most of my guests were panting, you noticed I was enjoying myself. I sensed the Eagles would grab the winner in the last minute. And that came to pass.” Kalu had told compatriots that Ethiopia would concede two goals, like their club Electric Company did to Enugu Rangers in the 1977 Mandela Cup. “Your Excellency, you will make a good soccer Professor”, one of his guests joked. “No,”Kalu replied, “I am just a follower of the game”.

T

ight players have been given wild cards to feature in the main draws of the 13th edition of the Governor’s Cup Lagos Tennis Championship which serves off in Lagos on Monday. Samuel Omoile, Joseph Imeh Umaru Balami as well as Senegalese Daodu N’Diaye will join other Nigerians who fought their way through the qualifiers that were decided at the weekend. In the female category, the likes of Sarah Adegoke, Jumoke Akingbade, Blessing Samuel and USbased Idia Amen will play

in the main draws. Other players that qualified for the main draws in the qualifying matches are John Otu, Abdullahi Hamidu and Loveth Nnadozie. Shehu Lawal, Henry Atseye and Clifford Enosoregbe have their slots in the main draws intact due to their rankings. Chief Coach of the Nigerian Tennis Federation (NTF), Ishicheli Benson said that with what he saw at the camp organised for the local players by the federation and Local Organising Committee (LOC), Nigerians should expect a good outing from the players in the tournament holding at the Lagos Lawn Tennis

Club, Onikan. He said, “We gave some of our intermediate and junior players as well as one Senegalese player the opportunity to play in the main draws because of the international exchange programme we are having with the Senegalese. They usually do the same thing to our players,” Benson said. “I’m happy to say that the camping organised for the players was not in vain as some of them made it through the qualifying matches to the main draws. During camping, I worked on them on consistency and ability to endure rigorous matches. I think we should expect much from them.”

Sarah Adegoke receiving a hot service at Governor’s Cup encounter last year

Ghana FA defends Boateng absence

he President of the Ghana Football Association (GFA) has issued a strong defence of absent midfielder Kevin-Prince Boateng. The Schalke 04 star has come in for criticism from some fans, after pulling out of the Black Stars’ squad for the first leg of the World Cup play-off with Egypt because of injury. “We should show sympathy to him and not condemn him,” said Kwesi Nyantakyi. “Every player would like to go to the World Cup and this is the biggest platform to the World Cup. Kevin would wish to be

here.” Nyantakyi said there was no reason to believe that Boateng’s injury is less serious than claimed. “Kevin has had six injuries on his left knee and this particular injury has occurred on that same knee,” “It would be unfair to think that somebody can feign injury. We should sympathize with him and pray that he recovers soon, so he can stage a comeback to the Black Stars team.” The first leg match of the play off between Ghana and Egypt takes place in Ku-

Dinkesa

Obudu LOC eyes course record

T

he Obudu international mountain race organisers are hoping the rich cast of elite athletes confirmed for this year’s race at the Obudu Ranch Resort will lead to the setting of a new course record in both the men and the women’s race. Last year, the 41 minutes,50 seconds winning time run by Ethiopia’s Abebe Dinkesa is the fastest time ever run over the new 12.3 km course by a man while Etenesh Diaro Neda’s one hour,12 minutes time over 8.2 kilometres is the fastest ever by a woman. Following this development, Patrick Ugbe, the Cross River state Commissioner for Sports says his ambitious target for the November 23 race is seeing the course record improve perhaps to a sub 41 minutes for the men and a sub one hour for the women. He said, “With the coming of the reigning world champion, Philip Kiplimo of Uganda who won the world title in Krynica Zdroj, Poland last month with 54 minutes and 22 seconds over a 13.56km course,the Local Organising Committee (LOC)

masi on Tuesday. The second leg is scheduled for Cairo next month, but FIFA has demanded that Egypt provide security assurances by 28 October, following renewed violence in the country. “I think the approach adopted by FIFA is the best in the circumstances; it is very fair, reasonable and professional,” added Nyantakyi. The clash between Ghana and Egypt is one of five African play-offs to determine which teams will represent the continent at next year’s World Cup in Brazil. Boateng

for the Obudu mountain race is confident a new course record will be set this year”. Ethiopia’s Dinkesa holds the old record of 41.45secs over 11.25 kilometres set at the race’s fourth edition in 2008 while the old women’s record is held by another Ethiopian, Genet Yalew who ran 48.45secs to win the title in 2011. The Obudu international mountain race is organized by the Cross River State Government in conjunction with the Athletics Federation of Nigeria (AFN).It enjoys tremendous support from the African Athletics Confederation (CAA), the World Mountain Running Association (WMRA) and the International Association of Athletics Federations (IAAF). The total prize money for this year’s race is over $275,000 with the winners in each gender category going home with $50,000 each while $20,000 and $9,000 respectively will go to the second and third placed finishers. The prizes for 4th -10th placed finishers in each category are $4,500, $4,000, $3,000, $2,500, $2,000, $1,500 and $1,000.


National Mirror www.nationalmirroronline.net

Sport

Monday, October 14, 2013

How the Eagles flew

Emenike

Echiejile

National Mirror rates the Eagles players’ performance as they shot down the Walya Antelopes of Ethiopia 2-1 to put one firm foot in Brazil 2014 World Cup. IKENWA NNABUOGOR checks them out... Vincent Enyeama 7/10 The Eagles’ number one was certainly the reason why Eagles were not beaten flat in Addis Ababa as he stood between the hard fighting Walya Antelopes and goals. For the fifth time in the game, the France-based shot stopper kept the impressive Antelopes at bay before he ‘helped’ the Ethiopians with a goal, catching the ball that crossed the line.

ond half.

Godfrey Oboabana 6/10

Completely anonymous in the first half but was back to his magical self in the second half. He almost registered his name in the score sheet but the upright denied him. Though, he didn’t have enough speed to run the able Ethiopian defence to the ground but still managed to keep them on their toes.

Eddy Onazi 6/10

Nnamdi Oduamadi 5/10

Though, not in his best element perhaps due to the bumpy pitch and harsh weather, the former Golden Eaglet managed to post a good outing. Found the going tough screening the defence and distributing passes but refused to go down without a fight.

Subdued outing for the Italybased youngster as he was nowhere near his best. Completely well taken care by the hosts who conspired with the poor pitch to make him look ordinary.

Efe Ambrose 5/10 Not one of the best shifts for the Scotland-based right back who was the member of the four-man defence line that almost capitulated to the rampaging Ethiopians. Had his hands full stopping the lively Ethiopian attacking line led by Belgium-based hit man Salahdin Said Ahmed. The weather may not have been fair to this overlapping full back but rose to the occasion in the second half.

Elderson Echiejile 5/10 Where were his trademark attacking runs? The Portugalbased left back was almost completely frozen out in the scorching heat of Addis Ababa as he struggled to match the amazing pace of Salahdin and company. Though, he managed to get his job done but was way too below his expectation.

Azubuike Egwuekwe 7/10 He had a very bad first half where he allowed the Ethiopians attackers have a field day, teasing and harassing the defence line. But he rose to the occasion in the second half to bring sanity to the defence and even had time to make two good clearances.

Ahmed Musa 7/10

The former Warri Wolves hard man will be remembered for his timely save when he cleared a sure Ethiopian goal in the first half but was completely out of sorts in same half. However, it was typical Oboabana in the second half as he woke up from the slumber to face the Walya Antelopes’ attacking line head on.

John Obi Mikel 6/10 The Chelsea man was starved of the ball by the hard fighting Antelopes especially in the first half and thus could not as usual dictate the pace of the game. The harsh weather and the poor pitch did not help matters too but the former Lyn Oslo star still manage to spray his defence-splitting passes one of which Ahmed Musa also made hay with but denied by the upright. He was also one of the most fouled players on the pitch as the hosts refused to keep their eyes off him.

Victor Moses 4/10 It was a bad day for the Liverpool boy as harsh weather and poor pitch conspired to make life difficult for the enterprising player. It was not surprising he was pulled out early in the sec-

Mikel

Emmanuel Emenike 8/10 Man of the match and the match winner! Brought renewed life and hope to the whole country with his equalizer – 25-yarder and finished the job from the spot to hand a great advantage to Eagles going into the return leg on November 16 in Calabar. Kept the defence busy with his power, pace and goals.

Oboabana

Subs Nosa Igiebor 6/10 He came on in the second half for Oduamadi in the 65th minute to add more grit to the midfield which appeared completely taken over by the Ethiopians. The Real Betis man battled well in the midfield, complementing Mikel and Onazi and not too long the equalizer came.

Brown Ideye 4/10 Replaced tired Moses and did nothing to change things in the attack.

Onazi

55


WORLD RECORD

Most expensive computer mouse Vol. 03 No. 694

N150

Monday, October 14, 2013

Swiss manufacturer Pat Says Now produces the world’s most expensive computer mouse. Cast from 18 carat white gold and set with 59 individual diamonds, the mouse retails for £16,200 ($26,000).

Sanusi, Okonjo-Iweala: It’s time they go

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s the country’s political and economic circumstances continue to deteriorate, nobody seems to have the courage to suggest or demand action against those who lead us into this escalating misery. There appears to be a strange kind of timidity that keeps us silent and passive in the face of obvious abuse from which the majority of our countrymen and women suffer. The question is what makes us so timid? Why have we chosen to be passive in this situation of reckless rape of our wellbeing by the ruling elite? We may never find answers to these questions until we stand up to our rights and be prepared to defend them at all costs through peaceful but dynamic engagement with the forces of evil that burden us with misery. Now

Guest Columnist

Olu Obafemi and Banji Ojewale

is the time to be awaken from resignation and insist that things should be done differently. The docile nature of the Nigerian masses is adding fuel to the rampage of our leadership elite who are becoming ever more brazen in actions that lead Nigeria down the drain. We are particularly concerned about Mrs. Okonjo-Iweala and Sanusi Lamido Sanusi, both of who have direct responsibility for the economy, but under whose watch we are experiencing escalating misery in spite of increased earnings from oil. The case against these economic managers is simply that they are pursuing policies which are detrimental to economic growth and public welfare. Okonjo-Iweala’s presence on the economic stage in Nigeria is tragic. When she first surfaced in the Olusegun Obasanjo cabinet, we were told she was the best thing to happen to Nigeria’s economy. But the facts on the ground speak to the contrary. She depleted our dollar reserves to exit the debt trap when she could have done the same thing with oil swap and saved us over $30 billion that she handed over to her principals at the Breton Woods Institution. Now the woman is here again through the roof piling up debt and saving our dollar earnings to once again give her IMF/World Bank masters while our people are dying for funds to develop the real sector and do other desperate things to exit poverty, unemployment and the education system collapse calamity we are in. Today this woman has become a monster in the Jonathan cabinet to the extent that state governors are already calling for

THE CASE AGAINST THESE ECONOMIC MANAGERS IS SIMPLY THAT THEY ARE PURSUING POLICIES WHICH ARE DETRIMENTAL TO ECONOMIC GROWTH AND PUBLIC WELFARE her resignation. What she is doing with our money is not in the best interest of Nigeria. She claims the economy is growing by a sizable seven percent yet poverty is also growing exponentially while she is keeping as much dollar as we earn to pay the World Bank sooner or later. Okonjo-Iweala is not here in our interest. Those who are slow to recognize this will be disappointed at the end of Jonathan’s first term. The case of Sanusi is just as tragic. Since he swept into power to curb “misdeeds” in the banking system, our Central Bank governance has never been so erratic. Against all rational advice, the CBN chief has continued to place the naira in hopeless difficulties with his never-ending mopping up of naira in circulation in an economy where the real sector is desperate for funds, which the banks will hardly give. His management of the country’s money

is, to put it mildly, sadistic. Anyone who, at a glance, wants to appreciate the sadism inherent in Sanusi’s monetary governance should look for and read the back page of The Punch of Monday September 23, 2013. Can we really think of the managers of our economy as foolish? We are not so sure. Our take on this avoidable tragedy is that this so-called economic team of Jonathan Cabinet may deliberately be playing the “fool” in the selfish interest of the ruling as well as the political and business leadership elite. But from our observation, the President on his own has put in place a great transformation agenda which should not be allowed to be sabotaged by members of his cabinet. Lately we have seen the president embark on a series of forward looking popular policies. One such is the establishment of the committee to enable Nigerians openly discuss the way forward. But unfortunately some people are playing “kalu kalu” with our money for self enrichment, leading to impoverishing the masses of Nigeria. But the mega-tragedy is that in spite of the facts at their disposal that the elite are ripping them off, the masses appear to suffer in silence in preference to fighting for their rights. We are determined that this mental and spiritual lethargy of the Nigerian masses should stop. If OkonjoIweala and Sanusi do not know better than to pretend to be saving hard-earned dollars, only for them to go begging for foreign loans and investment while Nigerians are starved of fund for development is a tragedy we must fight to overcome. And the first step in that battle is to press for the removal of the duo so that we will begin to sanitize the financial sector. If our ministry of finance and the apex bank of the country are not in the hands of patriotic experts, as the case has been since 1999, all efforts to salvage the economy will fail. To be concluded Obafemi and Ojewale are promoters of Leadership Search Initiative and can be reached on thelsinitiative@gmail.com

Sport Extra

T

Djokovic retains Shanghai Masters title

op seed Novak Djokovic retained the Shanghai Masters title on Sunday by edging sixth seed Juan Martin Del Potro in an entertaining final which lasted more than

two and a half hours. The Serbian toppled his Argentine opponent 6-1, 3-6, 7-6 (7/3) for his seventh ATP crown of the year, giving his hopes of overhauling Rafael Nadal for the

end-of-year world No 1 spot a slight boost. Del Potro, who booked his place at next month’s ATP World Tour Finals in London by beating Nadal in the semi-final on Satur-

day, was disappointed to see his eight-match winning streak come to an end but found kind words for his opponent. He said, “The match was really close and I think Djokovic played

some unbelievable points in the tie-break. The match was so exciting. ‘It’s a really bad loss for me now. I was really close to beating him after beating NadNFF President, Aminu Maigari al.” Djokovic

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Monday, october 14, 2013