BusinessDay 01 Sep 2019

Page 1

Bayelsa: I have private, public sector experience to govern – Alaibe …As APC obeys court ruling, fixes primary Tuesday SAMUEL ESE, Yenagoa AND JAMES KWEN, Abuja

T

imi Alaibe, a former managing director, Niger Delta Development Commission (NDDC), has said that he has both private and public sector experience as prerequisite to successfully govern Bayelsa State.

Border closure: Economy of border communities in jeopardy …Market prices of food items soar …Rice, turkey, chicken in scare supply

AMAKA ANAGOR-EWUZIE

Alaibe, one of the 21 aspirants for the governorship ticket of the People’s Democratic Party (PDP), made the claim during an interactive session with the Federated Correspondents’ Chapel of the Nigeria Union of Journalists (NUJ), Bayelsa State Council in Yenagoa on Saturday. During the interaction which was broadcast live on four radio Continues on page 4

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eter Nnaji is a driver of 18-steater commercial bus, whose business is to shuttle from the popular ‘Seme Park at Mile 2’ to the Seme Border Post on daily basis. From this business, the father of four children with a wife, puts food on his table, pays his bills and takes care of his family responsibilities. Nnaji, who used to travel to and fro Seme border and Mile

2, for at least twice a day with full load of passengers, now struggles to make once-per-day trip without full load passengers in the last one week, that the Federal Government shut down cargo and passengers entrance

and exit through all the nation’s land border posts. “Business is very slow nowadays. We rarely see passengers due to the recent border closure. And most of our drivers, who ply Lagos-Badagry-Seme axis, no longer patronise the ECOWAS corridor because people are no longer allowed to do both legitimate and illegitimate businesses at the border,” he said. Nnaji, who said that he used to take home a minimum of N43, 000 everyday, said that he Continues on page 4

BDSUNDAY BUSINESS DAY

www.businessday.ng www.facebook.com/businessdayng Sunday 01 September 2019

I believe what should be taking place now is governance not campaign - Balogun p. 18-19

@businessDayNG

Insecurity: Have Catholic priests become endangered species?

p. 29

@Businessdayng

Vol 1, No. 278 N300

??Low sales, rising competition

reduce brewery industry’s profit by N15bn

35 pp41.

Eroded values threaten Nigeria’s image

inside

Accidental billionaires without credible sources It’s a reflection of leaders’ bad example The state itself is a criminal enterprise’ Nation risks being treated as pariah state

CHUKA UROKO & INNOCENT ODOH, Abuja

p.13

Abandoned by families and society: The hard fate of babies with cerebral palsy

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he outrage that enveloped the Nigerian social space over the arrest of some young Nigerians by the United States Federal Bureau of Investigation (FBI) over alleged large scale variety of internet

fraud (yahoo-yahoo) in collaboration with their counterparts in Nigeria and other parts of the world has continued to deepen conversations as to how Nigerians descended to this notorious level. The action underpinned how values of hard work have been consigned to the refuse bin while the quest to-get-rich quick has been elevated to a level that is as mind-boggling as it is ri-

diculous which is, however, to be expected in a society like Nigeria that celebrates wealth and power without questioning their sources. After an unprecedented 252-count federal grand jury indictment was filed against 77 Nigerians, the FBI arrested the masterminds, Valentine Iro, 31, and Chukwudi Christogunus Igbokwe, 38, both Nigerian citizens as it released a list of 77

others involved in a series of coordinated internet scam running into billions of dollars obtained from victims in the US, Britain and other parts of the world. The FBI had, prior to this, arrested Obinwanne Okeke of the Invictus Group as an alleged kingpin of the massive fraud. The Nigerian government has condemned the action of its nationals in the alleged crime Continues on page 2

p. 20

Why Nigeria still struggles for Africa’s growing tourism receipt p. 26

L-R: Ahmed Dangiwa, managing director, Federal Mortgage Bank of Nigeria; Mohammed Bukar, permanent secretary, Ministry of Works and Housing; Abubakar Aliyu, Minister of State, Works and Housing; Babatunde Fashola, Minister of Works and Housing, and Adewale Adesoji Adeeyo, chairman, board of directors, Federal Mortgage Bank of Nigeria, at a courtesy visit by the board of directors of the Federal Mortgage Bank of Nigeria to the Ministry of Works & Housing, headquarters in Abuja.


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BusinessDay 01 Sep 2019 by BusinessDay - Issuu