Nigerians With Property In UK Panic Over New Law Francis Ndubuisi in Abuja Nigerians who own properties in the United Kingdom have inundated the Federal Ministry of Finance’s Voluntary Assets and Income Declaration Scheme (VAIDS) hotlines with calls, causing the lines to crash last Friday.
A source at the VAIDs office told the News Agency of Nigeria (NAN) that the unprecedented level of calls was not unconnected with the new UK regulation on Unexplained Wealth Orders (UWOs). The source disclosed
that the VAIDs office have been receiving massive calls and frantic requests from taxpayers based in the UK in the last 72 hours, asking for extension of time to enable them complete their VAIDS declaration forms. The UK
Government had last week introduced a new law that requires foreigners who own properties in the country to explain the source of their funds or risk forfeiting them to the government. According to the new
law, the UWOs could be obtained on any property or combination of properties valued at 50,000 pounds ( N25 million) or more, for which the owner is unable to explain a legal source of its funding.
APC Sweeps Kano Local Government Polls… Page 10
The source said the data already in the possession of the VAIDS office in the Federal Ministry of Finance revealed that many UK property owners had underpaid their taxes before transferring funds overseas to buy properties. Continued on page 12
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Adeosun: FG Won’t Divert Capital Budget to Fund 2019 Elections Analysts worry polls may hurt economy Francis Ndubuisi in Abuja and Obinna Chima in Lagos The federal government will not divert its 2018 capital budget to finance the 2019 general elections, Minister of Finance, Mrs. Kemi Adeosun, has assured Nigerians. The minister, who
spoke at the weekend in Abuja, allayed fears that preparations for the elections might distract President Muhammadu Buhari from governance to politics, saying the federal government was committed to maintaining Continued on page 10
Herdsmen Continue Rampage, Kill 4 in Kaduna, 3 in Jos Northern traditional rulers, leaders meet over crises John Shiklam in Kaduna, Seriki Adinoyi in Jos, George Okoh in MakurdiandLaleye Dipo inMinna The onslaught of herdsmen against host communities continued at the weekend as they unleashed mayhem on some villages in Kaduna,
Plateau and Benue States. Four persons were killed in Kaduna, three in Plateau, while a police team on duty was ambushed in Benue. The herdsmen descended on Bakin Kogi village, Jama'a local Continued on page 10
Shagaya Dies in Auto Crash… Page 12
CONDOLENCES TO THE GENERAL…
L-R: Chief of Army Staff, Lt. Gen. Tukur Yusuf Buratai; Chief of Staff to the President, Mallam Abba Kyari; Minister of State, Power, Works and Housing, Alhaji Suleiman Hassan; and Governor of Borno State, Alhaji Kashim Shettima; during the 3rd-day prayers for late Alhaji Yusuf Buratai, father of the Chief of Army Staff in Maiduguri, Borno State… yesterday state house
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APC Sweeps Kano Local Government Polls PDP kicks, alleges rigging Onyebuchi Ezigbo in Abuja and Ibrahim Shuaibu in Kano Kano State Independent Electoral Commission (KANSIEC) on Sunday declared All Progressives Congress (APC) winner of the state’s local government election held on Saturday. Declaring the results at a press conference at KANSIEC Headquarters on Sunday, the Chairman of the commission, Prof. Garba Ibrahim Sheka, said the ruling APC swept all the 44 chairmanship and 484 councillorship seats. According to him, security reports received during and after the council poll showed that election was peaceful as no violence was recorded or arrest made during the exercise. Sheka said that 25 political parties, including the Peoples Democratic Party (PDP), which featured one chairmanship candidate, participated in the
election. While acknowledging that there were few challenges during the exercise, he, however, dismissed allegations of malpractices, insisting that the poll was free and fair. Accepting that there was delay in the commencement of the election in almost all the polling units, he attributed the shortcoming to the late arrival of sensitive materials, which he said were ordered from China. Sheka affirmed the neutrality of KANSIEC, saying:" I will not hesitate to declare any other party winner if any candidate from other political parties had won the election because we are not against nor in favour of any particular party." But in a swift reaction yesterday, the PDP rejected the results of last Saturday's House of Representatives' bye-election in Katsina State and the local
council election in Kano State in which the APC candidates emerged victorious. The PDP, however, urged its members in the two states to remain calm as it takes decisive but legitimate steps to reclaim their stolen mandate. While accusing the APC of engaging in brute force and allocation of ballots to gain votes in the bye-election in Mashi/ Dutsi Federal Constituency of Katsina, PDP also alleged that the Kano poll was characterized by outright cheating, underage voting and ballot stuffing. The party said the resort to primitive cheating and deployment of heavily armed security forces to muscle votes for the APC in the House of Representatives' bye-election in Katsina State had further shown that President Muhammadu Buhari and his party had completely lost popularity among Nigerians, even in the
He said: "It further strengthens our resolve that our party, the PDP, still commands a genuine followership among Nigerians. "We, however, invite Nigerians and the international community to mark how the APC and its controlled Federal Government are corrupting our electoral system, by using force to intimidate the people and steal their votes. "The APC is also corrupting security officials to use maximum force as a desperate measure to save President Buhari, whose popularity had dipped across our nation. "In their desperation to help the President, the APC in cahoot with the inept Presidency declared war on the people by ensuring the deployment of over 1000 heavily armed and hostile security operatives for an election that held in only 15 polling units within two local government councils of
Katsina State. "It is unfortunate that the APC has recourse to the worst kind of intimidation and violations twelve calendar months ahead of the general elections. PDP said that it is compiling a comprehensive documentary evidence of infractions and irregularities including barring of legitimate voters from accessing polling centers, assigning of polling units to APC government functionaries, indiscriminate arrests of opposition party members and supporters, underage voting and allocation of votes for APC as well as conflict between results from the polling units and collation centers among others. Also being compiled is the identity of the security and electoral officials used by the APC to subvert the will of the people, which will be made public while ensuring that they are prosecuted, the party said.
continue to play a key role in ensuring national cohesion by promoting social inclusion as a key state objective. He said: “Economic development is a springboard for improved national security because it comes with growth, which enables more resources for a growing population. “National economic development means that a country can meet its national security needs without depending on outsiders for the provision
of its defence and security needs. Depending on food and energy imports makes a nation vulnerable to external pressure.” He disclosed that the administration adopted the Economic Recovery and Growth Plan (ERGP) as a response to the recession towards restoring growth and reducing Nigeria’s vulnerability to external shocks. He explained that the ERGP was initiated to address macroeconomic
balance, increase contribution of agriculture, manufacturing, mining and high value services to the economy, build a competitive economy through the provision of infrastructure, and invest in the Nigerian people. On the Social Investment Programme, the vice president revealed that about 200,000 N-Power jobs had been created under the programme while 250 million meals had been served under
deployed in Tse Akpan near Azege Tombo council ward in Logo local area of the state on Saturday night, had been rescued.
of the country met in Minna Niger State capital on Sunday for several hours to find a way out of the incessant clashes between herdsmen and farmers. The meeting was held at the small auditorium of the Justice Idris Legbo Kutigi International Conference Centre. The Emir of Kano, Alhaji Sanusi Lamido Sanusi, and Lamido Adamawa, Alhaji Muhammadu Barkindo Musdafa, led other traditional rulers from the region to the meeting that had Prof. Ango Abdullahi and Dr Aliyu Tide in attendance. Also at the meeting were the leadership of various Fulani socio-cultural groups, including the Miyetti Allah Cattle Breeders Association (MACBA), Miyetti Allah Katul Houre and Gan Allah Fulani Development Association. Addressing the gathering, Sanusi said Fulanis were neither terrorists nor criminals as being said in some quarters, insisting that they were law abiding citizens that respected the constituted authorities in the country. He, however, urged herders to be patient and persevere even in the face of provocation, adding: "Patience is a strength rather than weakness." Reminding the delegates that the Inspector General of Police, Mr. Idris Ibrahim, had been directed to clamp down on anybody who possessed illegal arms, he appealed to
state governments, not to arm militias. He asked the Fulani associations to identify the criminals among them and report them to the law enforcement agencies for prosecution. He appealed to Nigerians, especially the media to avoid ethnic profiling whenever a crime was committed by persons of a certain tribe, adding that criminals had no tribal marks. Sanusi urged stakeholders to take advantage of the offer of governors of Niger, Kogi, Nasarawa and Kano states to provide grazing reserves to herders.
president’s home state. According to the PDP, the two elections have signified that the APC cannot win any free and fair election, even in their supposed stronghold. PDP National Publicity Secretary, Mr. Kola Ologbondiyan, in a statement on Sunday, said the fact that the APC had to recourse to brute force and allocation of ballots to gain votes in the byeelection in Mashi/Dutsi Federal Constituency, which ordinarily should have been for them, a walk in the park, being President Buhari’s constituency, shows that the party has pathetically lost it all. The PDP said the fact that it still held a legitimate 22,690 votes against the 30,719 fraudulently allocated to the APC, despite the use of force and other brazen infractions by the APC, shows that PDP is the natural winner of the election.
ADEOSUN: FG WON’T DIVERT CAPITAL BUDGET TO FUND 2019 ELECTIONS the capital spending levels of the last two years in the election year. Responding to enquiries during a lecture she delivered on behalf of Vice President Yemi Osinbajo to the National Defence College (NDC) Course 26 participants in Abuja, Adeosun stated that the Buhari administration would not engage in the diversion of the capital project funds to the forthcoming elections. “The administration remains committed to
infrastructure spending at the high levels of the past two years and the completion of major ongoing projects,” she told the participants made up of senior military brass. She further reiterated the commitment of the administration to its programme of transformation and jobs and wealth creation across the country. President Buhari had on November 7, 2017 presented a budget of N8.612 trillion to the National Assembly, with focus on massive
infrastructure development, including: key strategic roads, rail and power projects, among others. In the lecture entitled “Economic Dimensions of National Security: The Nigerian Experience,” Osinbajo had said improvement in economic security was vital to Nigeria’s economic growth, human security improvement and realisation of national defence and security requirements. He assured that the federal government would
Continued on page 12
HERDSMEN CONTINUE RAMPAGE, KILL 4 IN KADUNA, 3 IN JOS government area of Kaduna State on Sunday at about 10 am and ambushed their victims who were returning home from their farms where they had gone to tap palm wine. A lady who survived the attack was said to have sustained serious injuries from gunshots and was rushed to the hospital in Kafanchan. A resident of the area who pleaded anonymity confirmed the incident on telephone, saying that the attack occurred at about 10am. He said: "The attack took place around 10am when they were almost home. We were just rounding up from church when we heard gunshots. "Everybody had to run because we were gripped by fear. They killed four people on the spot while a woman was fatally wounded. They shot her by the chest and she was rushed to the hospital.” He said the herdsmen ran into the bush afterwards. He also accused soldiers deployed in the community of failing to act when the incident happened. Spokesman of the Kaduna State Police Command, Mr. Aliyu Mukhtar, could not confirm the incident as he did not respond to telephone calls and text messages sent to him for his reaction to the incident. The herdsmen’s raid in Plateau followed the same pattern as an eyewitness said three persons were ambushed and killed in Zangwra
community of Miango district of Bassa Local Government Area of the state. The three were said to have met their death while returning home on a motorcycle. Two others reportedly escaped with injuries. Those killed were Mr. John Esije, 32; Mr. Monday Nzwe, 38; and Mr. Saku Giyeri, 41yrs, while the survivors were identified as Mr. Sunday Bala, 33 and Mr. Gudu Gara, 25. They have been taken to an undisclosed hospital, a source said. National President of Irigwe Development Association (IDA), Mr. Sunday Abdu, confirmed the incident yesterday on phone. According to him: “Three people were killed yesterday (Saturday) night by Fulani herdsmen. One of the victims was riding a bike while the two others were walking on the road. This happened at Zangwra village near a checkpoint in Bassa local government area.” He added that the Fulani had changed their routine tactics of killing their people on the farms, saying that they now ambush their victims along the way. Abdu recalled that three weeks ago, three persons were also killed on Miango Road and their bodies burnt to ashes, explaining that the Fulani shot at the vehicle conveying the three people, adding that the vehicle skidded off the road because its driver was shot in
the neck and he died instantly. Also speaking to newsmen, the District Head of Miango, Mr. Daniel Chega, regretted that the attack came shortly after series of security meetings and agreements with security agencies and the Fulani leaders aimed at ending the killings. Residents of the area had reportedly staged a protest against the killings but were calmed down by the village chief. The spokesman of the Special Task Force (STF) code-named Operation Safe Haven (OPSH), Major Adam Umar, who confirmed the killings yesterday, said unknown gunmen at a community in Jebbu Bassa were responsible for the killings. Umar said that immediately they got information that there was an attack, they quickly mobilized their troops to the vicinity but unfortunately, the attackers had escaped before the arrival of their men. He added that patrols around the area were ongoing, stressing that the Commander of OPSH, Major-General Anthony Atolagbe, would convene a stakeholders’ meeting comprising the Fulani, the natives and other elders in the locality to resolve the protracted issues. In Benue, the police confirmed yesterday that two of its men that were declared missing following an attack by Fulani militias on the joint Army, police and civil defence security forces
Two others are still missing According to the Benue State Commissioner of Police, Mr Fatai Owoseni, the two were rescued after a duel with the herdsmen militias and have joined their other colleagues. The police had in a statement said suspected Fulani herdsmen ambushed a mobile police patrol team leading to the missing of four Mopol men. The command spokesman, ASP Moses Yamu, said the incident occurred in the troubled Logo local government area of the state on Saturday night. He said the Police Mobile Force Team conducted a robust patrol of Ayilamo in Logo LGA. "However, on their way back to their camps, they came under attack of a fully armed group of suspected herdsmen," he said, explaining that in the ensuing gun battle one of the police patrol vehicles caught fire. Yamu said the casualty on the side of the herdsmen was still being ascertained.
Northern Traditional Rulers, Leaders Meet Meanwhile, top traditional rulers and some prominent leaders in the northern part
TOP GAINERS NGN NGN CCNN 1.23 13.26 HONEYWELL 0.32 3.52 STERLBANK 0.17 1.91 SKYEBANK 0.07 0.84 LINKAGE 0.07 0.90 TOP LOSERS NGN NGN ZENITH 1.75 31.26 WAPIC 0.03 0.57 FLOURMILLS 1.65 31.35 ETI 1.00 19.03 MAYBAKER 0.16 3.10 HPE Nestle Nig Plc ₦ 1,490.00 Volume: 1.394 million shares Value: N 14.236 billion Deals: 11,385 As at 9/2/18 See details on Page 39
% 10.2 10.0 9.7 9.1 8.4 % 5.3 5.0 5.0 4.9 4.9
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Shagaya Dies in Auto Crash Buhari, IBB, Mark, ACF mourn Damilola Oyedele in Abuja, Seriki Adinoyi in Jos and John Shiklam in Kaduna A former Senator of the Federal Republic of Nigeria, John Nanzip Shagaya, died yesterday in an auto crash at Amper, along Langtang Road, Plateau State. Shagaya, who was recently named Chairman, Board of the National Institute for Policy and Strategic Studies (NIPSS) by President Muhammadu Buhari, was elected senator, representing Plateau South in April 2007, on the platform of the Peoples Democratic Party (PDP). His election was challenged and nullified by the National Assembly Election Petition Tribunal, a decision overturned
in December 2008 by the Jos Division of the Court of Appeal. He ran for re-election in April 2011 on the Labour Party (LP) platform but was defeated by Senator Victor Lar of the PDP. Shagaya was born on September 2, 1942, to Mallam Sikji Miri Wazhi and Mrs. Maryamu Zwancit. He attended Junior Primary School at Nyer and Sudan United Mission Primary School, Langtang (1952–1959) after which he proceeded to the Nigerian Military School, Zaria 1960-1964. After graduation, he was posted to the Nigerian Army Corps. He later got posted to 3 Marine Commando in 1967 after being commissioned Second Lieutenant. Under the military regime
of General Ibrahim Babangida, Shagaya was at various times Minister of Internal Affairs; member of the Armed Forces Ruling Council (AFRC) and member of the Police Council. He also served as chairman of the committee set up in 1987 to decide on Nigeria's membership of the Organisation of the Islamic Conference (OIC). The late senator was one of the drafters of the main protocols for the Economic Community of West African States (ECOWAS). As a member of the National Boundary Commission, he helped to resolve disputes with Benin and Chad. Shagaya was appointed Field Commander of the ECOWAS Monitoring Group (ECOMOG) Peacekeeping Force in Liberia in September 1993, relieving Major
General Adetunji Olurin. Meanwhile, the Arewa Consultative Forum (ACF) has expressed shock over Shagaya’s death. He was the forum’s Vice Chairman, Board of Trustees (BoT). The ACF in a statement by its spokesman, Alhaji Mohammed Biu, described Shagaya, as an elder statesman who would be remembered for his commitment to national unity. "The late elder statesman, Shagaya, would be remembered for his commitment to national unity, selfless service to his fatherland, vision and intellect,� adding: "Nigeria has lost one of its finest politicians, a bridge builder and a leader who lived a simple and humble life.� Former Senate President, David Mark, also expressed
sadness at the death of Shagaya, describing it as shocking. In a statement by his Special Adviser on Media, Mr. Paul Mumeh, Mark said Shagaya who was also in the Army, was among the best and fertile minds in the armed forces. "He believed in the sanctity of our unity. He believed in the rule of law and in a society where every citizen is free to pursue his or her legitimate ambition in any part of the country without fear of molestation or intimidation," he said. In his own reaction, President Muhammadu Buhari said he was profoundly saddened to learn of the tragic accident that took the life of Shagaya. In a statement Sunday by his spokesperson, Femi Adesina, the president offered his “heartfelt
condolences to the Shagaya family, friends, the Government and people of Plateau State on the painful passing of their illustrious son.� The president paid tribute to the late senator whose legacies, he said, would live on in the patriotic work he did as a military officer, who rose to the position of a general and a senator representing Plateau South. Also, a former military ruler, Gen. Ibrahim Babangida, said he was shocked by the sudden demise of Shagaya who referred to as one of the brilliant retired military officers. “General Shagaya until his death had been an ardent supporter of the unity of Nigeria as a nation and a peace builder,� Babangida said.
protect them from potential asset forfeiture to the UK Government. Others requested to know if their names had appeared on the lists the VAIDS office had obtained from overseas. The UWO law, coupled
with the revelation that many foreign governments are automatically sharing bank and property information with Nigeria, has resulted in an upsurge in enquiries about VAIDs. VAIDS allows Nigerian taxpayers to restate their
income and assets without limit and thus could potentially allow those who own properties that cannot be explained by their previously declared income to regularise by declaring and paying the correct taxes.
nation's current debt profile, particularly the foreign component, portends a challenge to the economy. Backing his position with graphic data from the National Bureau of Statistics (NBS), he noted that Nigeria's foreign debt stock had returned to the pre-2005 levels. The last figures from the Debt Management Office (DMO) indicated that Nigeria's foreign debt stood at over $15 billion. Speaking at a media parley organised by the First City Monument Bank FCMB Plc in Abuja, Agbaje whose presentation was on "The Nigerian Economy and Financial Sector in 2018," also lamented that naira debt had equally quadrupled. He noted that with the 2019 general elections ahead, the debt situation would worsen, adding that although the economy exited from the recession it slipped into in the second quarter of 2016, the recent growth was oil-based rather than broad-based. Agbaje, who is the Chief Executive Officer of RTC Advisory Services Limited, stated that the diffusion effect of the GDP growth arising from oil may manifest in 2018. According to him, a major flaw in the government way of doing things was the adoption of a debt-led strategy rather than one that is investment-led. He regretted that resort by the nation's economic managers to debt-led strategy turn out sub-optimal results. Agbaje noted that such sub-optimal choices were
direct consequences of pandering to political considerations. He also blamed the high poverty rate in the country to the nation's budget structure, adding that until the structure is reversed, the poverty index would remain unchanged. Explaining why the high poverty level is a function of the budget structure, Agbaje observed that about 75 per cent of annual budgets is reserved for recurrent expenditure. Such recurrent expenditure, he noted, only services just about three million public/ civil servants, leaving just 25 per cent of the budget for the rest of the population who are not in the public service. He argued that as long as the extant structure is unchanged, the high poverty level in the country would subsist. On the current economic situation in the country, Agbaje noted that the economy has benefited from the rising oil prices in the international market as well as high production occasioned by the prevailing peace in the Niger Delta. "The Nigerian economy has benefited from rising oil prices and higher production and several macroeconomic indicators are trending positively," he said, noting that there are however sufficient negatives including persistent low manufacturing performance, sharply rising unemployment, high inflation and fuel subsidy conundrum. He also pointed out that political risks have begun to rise with the forthcoming general elections.
NIGERIANS WITH PROPERTY IN UK PANIC OVER NEW LAW “Concerted efforts are ongoing to restore the hotlines following the crash last Friday. “Most of the calls received are from high net worth individuals, including company executives, bankers and even a governor.
“All seem to be in panic over the prospect of losing their investments,� said a source within the VAIDS Office. The official said some of the apprehensive Nigerian property investors in UK had even visited the Federal Ministry of
Finance requesting to see the minister and also the Head of the VAIDS Office. The source explained that most of the enquiries were about seeking assurance from the Nigerian government that the VAIDs programme could
ADEOSUN: FG WON’T DIVERT CAPITAL BUDGET TO FUND 2019 ELECTIONS the Home Grown School Feeding Programme. He added that 300,000 micro loans had been issued under the Government Enterprise and Empowerment Programme. Osinbajo was upbeat about Nigeria’s outlook for 2018, noting that the federal government expects the economy to grow by 3.5 per cent, which is 1.4 per cent more than the International Monetary Fund’s projection of 2.1 per cent for Nigeria. He said: “The inflation projection of 15.74% by end of 2017 was achieved and there is good reason to believe that the EGRP target of 12.42% by the end of 2018 can be achieved. “With regard to foreign exchange reserves, the level of $40.3 billion achieved by end January is already quite close to the amount of $43.53 billion projected in the ERGP for the end of this year. Given the current state of the oil market, this is a target that can readily be achieved.� Analysts Worry Poll May Hurt Economy Notwithstanding the optimism of Osibanjo and the assurances given by Adeosun, business and financial analysts have continued to express worry that the rising ethnic and political tension in the country ahead of the 2019 general election might affect the stability of the economy. Analysts anticipate a slowdown in investments in the country from the second half of the year, as the election draws closer. The Nigerian economy, which exited recession
last year, has been widely predicted to maintain its growth trajectory this year, following estimated stability in the country’s crude oil production as well as the price of the commodity in the international oil market. The Independent National Electoral Commission (INEC) last month released detailed timetable of activities leading to the next general elections in 2019. According to the time table, all the political parties are expected to submit to INEC names of their presidential candidates latest on December 3, 2018. Since the timetable was released, there have been increased political activities. Analysts, however cautioned that as politics picks up in the second half of the year, this could lead to economic uncertainty as investors sit on the fence as well as depress business and consumer confidence. To the Director-General, Lagos Chamber of Commerce and Industry (LCCI), Mr. Muda Yusuf, the period of political transition is usually a risky period for businesses. He explained: “Typically, in many African countries, anytime we are about to have an election, political transition is always a very risk period for businesses. The policy risk is always high, that is the implication of possible policy changes; political risk is also high. “In the case of Nigeria and some other African countries, there is also security risk. Now, you talk in the context of an election, where there may be violence, protest, especially when the elections
are not credible. “It is so bad that some Nigerians when it gets to election period, they even fly out of the country few days to the election. So, it is true that election periods are characterised by heightened political risks because of possible changes of policy and possible changes in government. “ Also in an e-mail response to enquiries by THISDAY, a senior economist at London-based Exotix Capital, Christopher Dielmann, estimated that Nigeria’s fiscal deficit might worsen throughout the latter half of 2018 as election related fiscal slippage begins to occur. Dielmann explained: “Nigeria will hold elections in February of 2019, however, we expect there to be a significant amount of electoral campaigning and spending throughout 2018. This naturally raises the question of what impact this might have on growth as well as the larger economy. “We expect to see a continued increase in growth throughout 2018 as the oil driven rebound continues, both in terms of price and production, and an even greater increase in 2019, reaching about 3%, before levelling off in 2020 at about 2.5 per cent. “The reason for this pick up in 2019 is that we expect to see some of the benefits of additional spending throughout 2018 to start taking hold. In fact, we expect to see the fiscal deficit worsen throughout the latter half of 2018 as election related fiscal slippage begins to occur.
“While a pickup in growth is certainly welcome, we are worried about the likely worsening of the fiscal account and whether this will lead to a reduction in discretionary spending and funding of the Nigerian Economic Recovery and Growth Plan (ERGP).� Also, the Head of Research, FSDH Merchant Bank, Ayodele Akinwunmi, pointed out that “the consideration investors are looking at today is election and as such uncertainties may delay investment activities for the second half of the year.� In the same vein, analysts at Afrinvest West Africa Limited, noted that one of the major downside risks to asset prices, the capital market as well as polity stability remains the 2019 elections. “Typical of election cycles in frontier markets, we expect to see some volatility in financial assets in the period leading up to the polls whilst policymaking will take a shorter-term perspective. “Key issues we expect to dominate debates include jobcreation, security and political restructuring. Slacking labour force despite improving growth profile has led to an increase in unemployment and underemployment rate with 34 million people either without jobs or underemployed,� the firm stated in a report. Agbaje Raises the Alarm over Looming Fiscal Challenge Meanwhile, an economist, Mr. Opeyemi Agbaje, has raised the alarm over what he described as a looming fiscal challenge, saying the
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COMMENT
Editor, Editorial Page PETER ISHAKA Email peter.ishaka@thisdaylive.com
THE VIRUS AND ITS HOST
Igbrude Moses canvasses the need for the NSE and SEC to address the challenges in the capital market
T
he case of the present management of Nigeria Stock Exchange (NSE) and Securities and Exchange Commission (SEC) is similar to a situation of a virus and its host. When a virus attacks it’s host, it gradually weakens the host by destroying its immune system, which will eventually lead to its death, forgetting that the death of it host will consume it. In an effort to create a market that resembles international market and using the reason of attracting foreign investors the Nigeria Stock Exchange (NSE) has designed and formulated policy frameworks which favour and attract portfolio investors instead of real investors who come to speculate when the country is a bit stable and dump the shares immediately they notice any little instability in the economy. To sell their point they compare our market to other stock exchanges like London, New York, Canada, etc. They forget that companies operating in those countries have good environmental factors like good infrastructure, single interest rates, favourable government policies, stable power supply etc., unlike Nigeria where everything is in the opposite. We all know that Nigerian companies face a lot of hurdles like high interest rate, poor infrastructure, insecurity, inconsistencies in policies from government, high taxes, corruption, multiple foreign exchange, lack of power supply, etc. Instead of making policies that will assist our listed companies, they are only interested on how capitalisation has moved up and the money they are making from the market. What are the advantages of PLCs over limited companies? What is the related party’s transaction law meant to serve? And what benefits or advantages has it brought to the market? Why are PLCs preferred now to limited companies? What is the par value pricing methodology rule serving? Is it in the interest of local investors or those portfolio investors? Why are the telcoms, upstream companies and others not interested in listing in the market? Must we as people always imitate other countries? Why can’t we build an exchange based on our standards and values so that we can develop at our own pace, instead of relying on foreign investors to develop our economy for us? These are questions begging for answers! The NSE mission is “To provide investors and businesses a reliable, efficient and an adaptable exchange hub in Africa, to save and access capital.� If saving is one of its key objectives, why expose the market to portfolio investors? Do they come with good intention to improve the companies? How many foreign companies have listed on our exchange as compared with those who have left the market, since the present management came in? And what happened to the unclaimed dividends of these delisted companies? To access capital is its second objective. Now companies like Nestle, Presco, Okomu and others have not accessed capital in the market. What advantage or benefits do they enjoy? The NSE should
WHY CAN’T WE BUILD AN EXCHANGE BASED ON OUR STANDARDS AND VALUES SO THAT WE CAN DEVELOP AT OUR OWN PACE INSTEAD OF RELYING ON FOREIGN INVESTORS TO DEVELOP OUR ECONOMY FOR US?
see to it that it’s become advantageous to be a public quoted company than to be a limited liability company. The intrinsic benefits of being listed on the market must be clear, concise and transparent to all. The NSE and SEC should articulate policies that will encourage entry into the market and focus on real development by engaging government and the powers - that -be on the importance of the capital market to the economy. They should assist companies that run into troubled waters, especially those that government policy inconsistencies affected by giving forbearance to such entities, and by exempting them from penalties, fees, etc. At present, the way the capital market rules and policies are structured are compounded with the Nigeria operating environment. It is disadvantageous and discouraging to be a listed PLC, which is why these companies always opt for the option of delisting from the exchange whenever they run into problems. The likelihood that more will be delisted in the nearest future is very high. So, there is an urgent need for the NSE and SEC to acknowledge that there is challenge. They should go back to the drawing board to identify those problems and address them otherwise sooner or later the virus will be consumed by the dead of the host. Although, entering and exiting the market is allowed, the NSE should put in place rules and policies that will discourage companies from leaving the market. The exchange should ensure that core investors don’t own more than 50-60% of the shareholdings of any company. The SEC should collaborate with NSE to bring to the knowledge and understanding of the government the challenges and problems facing companies in doing business in the country and suggest best ways to assist them as well as educating those running the government on the importance of the capital market to our economy. They should continuously engage in investors’ education and awareness campaign to raise the consciousness of Nigerians to the importance of the capital market. The more Nigerians have confidence and invest in the market, the more its stability. We all should encourage a home grown capital market driven by the dictate of our needs and development. No foreigner will develop our country for us. We must take the bull by the horns and make our country great by ourselves. Remember, without these companies the exchange will not exist and SEC will have nothing to regulate. Therefore, the existence and good performance of these companies is in our collective best interests. Moses is the Publicity Secretary of Independent Shareholders Association of Nigeria
OBASANJO, IBB LETTERS AND HIDDEN MESSAGES The letters are urging all stakeholders to ensure President Buhari does not serve a second term, reckons Sebastian Ikyegh Agbinda
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lusegun Obasanjo and Ibrahim Babangida’s open market treatise to President Muhammadu Buhari breached traditional protocols for discourse amongst gerontocrats. Elders don’t go out to the public first before attempting to discuss matters of gravity. The common thread that weaves through their open warnings to Buhari is well known – stay away from a second term. Let new, digital, leadership emerge from the entrails of your calamity. This could be either in a new vehicle (Obasanjo or in the context of debris from Option A4 – a two party structure (IBB). The outstanding congruence is this: that both leaders never told us they had attempted – and failed – to dissuade Buhari, in some nocturnal meeting which justified the open market option as top choice. Two reasons could be adduced from their breach of elders’ protocol. First, the gravity and severity of their assessment of the challenges Buhari had thrown up, that is to say, using an earlier quote from Murtala Muhammad to Yakubu Gowon – “he was too far gone�. The second reason would be Buhari’s unbending character. It wouldn’t matter if you tried to see him for an early “sabre – rattling� mid-night session. One and two could have converged in the minds of the strategic generals to conclude that Buhari had not only lost his mind, he had lost his grip on the nation due to prolonged illness which, not going away soon, and bearing the prospect of multiplier complexities from the burden of impending campaigns, he would not even understand how much damage he was bringing to himself, the nation, the reputation of the military, its presidential retiree peers, and not least, the doctrine of Fulani exceptionalism. By going public early, first and fast, they both hoped Buhari and the small clan running his presidency would understand, sympathise with them and forestall an inevitability. To show that he was not being personal, only professional and patriotic, Obasanjo would pursue an opening at the African Union meeting with a
knowing Abubakar Abdulsalami, another member of the patriotic conspirators, in the background, to exercise pleasantries with Buhari, what he failed to do in the first place when he went public! As for Abubakar’s foreknowledge, what is it IBB knows that he doesn’t? Including of course the plot in 1998, as head of state, to spring Obasanjo from prison and wrestle the 1999 transition, going inexorably to the South-West (zoning and rotation restructuring) from the AD and enthrone Obasanjo as head of state. Given this mutually ambassadorial role IBB and Abubakar play out to each other, you can assume that three former military heads of state are conspiratorially part of the OBJ – IBB public outpouring. Two distinct messages emerge from the above picture. In the same way that IBB – OBJ would conscript generals, on the eve of 2015 elections, to mobilise support for Buhari, they are, quite potently equally mobilising them against Buhari’s second attempt. Second, given Buhari’s cross–regional failure and the recent bloody output from the Middle Belt minorities– Taraba 63 and Benue 73, you are left to conjecture why T.Y. Danjuma and several other generals would be out of this circle of retired generals consulted in drafting the anti-Buhari second term letter. The messages in the letters are several – for the unemployed, private sector, institutions and organs of government. There is a message for the military. Some for the political class – from national congressmen to the ordinary Nigerian voter. There is a message too for journalists, analysts and few would fail to understand the tenor based on the constituency they come from. For the military, OBJ – IBB must be hoping they have read through the lines of the message. Perhaps, they are equally saying that this is a democracy. However, even as their letters may not be coup–baying or coup–baiting, the military should know better. They are being called upon to be vigilant and listen to their patriotic conscience, not to Buhari’s military
top–brass who are products of an evolving Fulani supremacist agenda and clannishness - not military meritocracy. Need we say any more than this – be careful as you follow your leaders from Buhari’s clannishness; listen to your patriotic retired generals who call on you from retirement as former heads of state – and military leaders. Just so we don’t over interpret the message and put too much pressure on its authors, with all their “democratic� credentials we move next to understand the message of the letter to our national legislators. OBJ – IBB and others may be saying, if Buhari heeds our advice, let sleeping dogs lie! However, if he proceeds, like his body language is announcing, you will have to embark on a coup-like impeachment exercise. Given the open invitational tone of the letter, the generals could be saying: if you initiate an impeachment process, you will receive our support. Given Buhari’s all- out cross-country and cross-sectoral failure, it should be possible to cobble some grave constitutional infractions not least involving the quality of his health, historically and futuristically. And just in case Buhari is able to wriggle past all these herculean obstacles, OBJ – IBB, et al, are encouraging the Nigerian electorate to brace up for an anti-Buhari vote in 2019. Readily and generally, you can see some of these 2019 sketch designs: example the amendment to the electoral act whose import and message is that Mr. President is irredeemably leprose, position the presidential election last, so he doesn’t foul up our prospects – quite the opposite of 2015 when it was quite profitable to order Buhari, a winning brand then, ahead of the other elections in the hope of harvesting band-wagon effects. Doctors won’t be served humble pie by the ordering of the essay. They are that critical. The condition of Buhari’s health historically, the reference to clannishness, and the burden of not just the impending elections but the rough and tear of office, all point to the prospect of inviting medical personnel, by a letter from the generals – all signing
together for increased tightening measure – requesting Buhari to avail himself, Trump-style, for medical doctors’ examinations. A simple issue as stake is how a former military officer of Buhari’s calibre can engage in the brazen clannishness in today’s military or security top-brass without some form of mental illness. It is possible that given the generals global reach, they would (by now) have laid their hands on Buhari’s medical report, and surreptitiously opened it to the public? A president’s health report, after all, ought to be open page – to a congress and public baying for blood. Therein lies the larger responsibility for not doctors, congressmen, media practitioners and the nervous public at large. The message for the opposition and media is there too. It is acknowledged that in the absence of the APC-type opposition leading up to 2015, a model in Nigeria, and due to endless squabbles in the PDP, and their inability to learn from the APC, the opposition to Buhari has been left to Senators Shehu Sani, Wole Soyinka, Itse Sagay (far left remnants of the APC), Bola Ahmed Tinubu (bring down our interest rates), principally the media, in all its ramifications – and, of course, latter day entrants OBJ – IBB and their military ex – this, ex - thats. OBJ – IBB invites them not to relent. The ultimate challenge is how a convergence of all these forces join with new parties; young men, new movements to fuel anti-second term – Buharism. It looks strange indeed that the earliest stone against Buhari was thrown by Ghali Na-Abba, former Speaker, former PRP, two days before Obasanjo’s. Given their heady relationship in years past, it will be interesting to see how they work and walk common ground in the anti-Buhari journey. OBJ – IBB’s final message is for those die hard Buharists, those who see him in their individual prospect – El-Rufai, - those who see him as a political – commercial commodity, to the herdsmen who are going for broke in Buhari’s final day; the small crowd of Fulani supremacists, et al., OBJ – IBB are saying : your days are numbered.
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EDITORIAL RICHER AT THE POOR’S EXPENSE
Policymakers should strive to ensure fair distribution of economic opportunities among the citizens
T
he reality of the Nigerian condition was brought home to President Muhammadu Buhari by the Catholic Bishops last week when they spoke to the hunger, hopelessness and deprivation that currently pervade the country. “Our beloved country appears to be under siege. Many negative forces seem to be keeping a stranglehold on the population, especially the weaker and defenceless ones�, the Bishops told the president in the course of their visit. The assessment by the Catholic Bishops validates a recent report by Oxfam, an international confederation of NGOs working with partners in over 90 countries to end the injustices that cause poverty. The report entitled, “Reward Work, Not Wealth�, reveals that 82 per cent of the wealth generated globally last year went to the richest one per cent. More disturbing is that the situation is even worse in our country where, according to Oxfam, “the legal minimum wage would need to be tripled to ensure decent living standards� while “despite almost a decade of robust economic growth in Nigeria, poverty has increased over the THE AFDB CONFIRMED same period�. THAT NO FEWER THAN To be fair, inequali152 MILLION NIGERIANS, ties in the distribution REPRESENTING ABOUT of opportunities is not 80 PER CENT OF THE peculiar to Nigeria. COUNTRY ’S ESTIMATED According to Oxfam, 190 MILLION POPULATION, economic rewards are LIVE ON LESS THAN TWO “increasingly concenDOLLARS A DAY trated� at the top, and there were now 2,043 US dollar billionaires worldwide - with nine out of 10 being men. A further breakdown of the statistics reveals that just 42 individuals now own the same wealth as the poorest 3.7 billion persons, representing 50 per cent of the global population. However, the situation in our country is getting increasingly desperate for majority of our people despite the denial by the governor of Kogi State, Yahaya Bello. In Nigeria today, many basic services such as education,
Letters to the Editor
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health and infrastructure are decrepit or in short supply, while a huge demographic crisis is looming. And just last week, the African Development Bank (AfDB) conďŹ rmed, in its 2018 Nigeria Economic Outlook, that no fewer than 152 million Nigerians, representing about 80 per cent of the country ’s estimated 190 million population, live on less than two dollars a day.
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he consequences of this state of affairs are not only for the victims but also those who feed fat at the expense of the poor in both the public and private sectors. The Oxfam report should therefore be a wake-up call not only for the authorities in Nigeria at a period the plight of the under-privileged is steadily worsening and many go to bed with less than a survival diet, but also for all critical stakeholders, including in the private sector. Indeed, the more worrisome aspect of the Nigerian condition is that poverty goes beyond the shortage of food, clothing, shelter and safe drinking water, all of which determine the quality of life. It is inclusive of educational attainment and gender inequality. Going by the Commitment to Reducing Inequality (CRI) Index, which ranks governments based on what they are doing to tackle the gap between rich and poor, Nigeria fares badly because its social spending (on health, education and social protection) is abysmally low. The solution to the problem can therefore not be in some tokenist programmes that are neither well thought-out nor enduring. The federal government must muster the political will to enact policies that will ensure a fair distribution of economic opportunities among all the citizens, regardless of status. What the totality of the foregoing suggests is that the problems of unemployment, poverty, inequality, decayed infrastructure,insecurity and serious challenges in social services like education and health, etc., are telling on the people. Therefore, the challenge of the moment is for the government, at all levels, to begin to deliver targeted and result-oriented policies that would ensure not only that our potentialities are maximised but also that the resultant prosperity is shared.
TO OUR READERS Letters in response to speciďŹ c publications in THISDAY should be brief (150-200 words) and straight to the point. Interested readers may send such letters along with their contact details to opinion@thisdaylive.com. We also welcome comments and opinions on topical local, national and international issues provided they are well-written and should also not be longer than (9501000 words). They should be sent to opinion@thisdaylive.com along with the email address and phone numbers of the writer.
TAKING NEPZA TO THE NEXT LEVEL
n about two months, Rt. Hon. Emmanuel Jime will clock one year in office as the seventh Managing Director of Nigeria Export Processing Zones Authority (NEPZA). He assumed duties on April 19, 2017. The 10 months he has superintended the authority have ushered in a season of action, innovation, eventfulness, pragmatism and unusual promise. Emmanuel Jime’s sure-footedness at NEPZA is a pointer that the destination is possible. Between April, 2017, when his appointment was announced, and April 19 when he took over, the former Speaker of the Benue State House of Assembly took time to “return to school�. “For a lawyer of many years standing, I found myself in the position of a student again: I had to return to school – learning everything from the scratch. But I was determined to know: from the files, from the books, from my interactions with my management team and so on. And the humility and the adult education, if I may call it that, paid off.� It was at his maiden meeting that he gave NEPZA two of his quotes that have today become staff favourites: “If there is welfare, there would be no warfare,� and “If there is celebration in the house, there would be no solidarity songs.� So, right from the moment he took over, Jime took the initiative of connecting with staff of the authority – and even going beyond the bounds of propriety to give out his private cell-phone numbers and his e-mail addresses. Since one of the unique things about his service in the public space is his dynamism, Jime has brought to NEPZA all that dynamism can offer in its broadest sense. And this dynamism became practical on April 25, 2017, when he began the first leg of his tour of Free Trade Zones (FTZs) across the country just six days after taking office.
And because of the preponderance of FTZs in the Lagos axis as well as the sheer volume of investments in the zones therein, Jime faced Lagos. It was after this that he went to Ogun, Cross River and Kano States on familiarisation-cum-fact-finding tours. He would later visit the Kano FTZ as well as Abuja Technology Village (ATV). It was partly in-between the tours, but especially after them, that Jime sat down with his management team to look at critical issues such as policy, direction, staff welfare, administrative reforms, the governance structure, inter-agency cooperation, building investor-confidence and planning for the future. Being a politician, many had thought he would fancy the glamorous side of governance over and above the executive side. But when the NEPZA helmsman met the Fourth Estate of the Realm on December 8, 2017, he unveiled his vision. He told some media executives: “Under my stewardship, we have so far been able to licence three new industrial parks i.e. Nasco Town Free Zone, which is valued $2,086billion. It is estimated, at completion, to be able to provide 15,000 direct jobs. The second is Quit Aviation Services Free Zone, valued at $215million, and is estimated to provide jobs in their thousands. And there is: Tomaro Industrial Park, in Lagos, valued at $450million. It would also provide jobs running into the thousands.� Today, the salutary outcomes of that “Jime-returns-to-school-school� are evident in the restructuring of the corporate governance structure, the injection of life into the free zones while licencing new ones, the rebuilding of investor-confidence, the introduction of innovative staff welfare schemes, the cementing of inter-agency relationships as well as a robust and sustained engagement with industry stakeholders on multi-levels. Imobo-Tswam, Maitama, Abuja
WHICH EDUCATION AND WHICH EMERGENCY?
Y
our editorial on education was good. In response to the overall challenges in our education system as a nation, we have done a detailed research and development specifically on science education in the Nigerian secondary school system. And we have come up with a software driven systemic approach themed the Science Teachers’ Game, which connects millions of students and teachers across secondary schools in Nigeria to a Computer Situation Room (CSR) and engages these teachers and students in real time activities that are measurable both quantitatively and qualitatively. Details of this project are available @ www.assppaa.com. Patrick E. Ochuba, Ajao Estate, Lagos
T H I S D AY ˾ MONDAY, FEBRUARY 12, 2018
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Group Politics Editor Tobi Soniyi Email tobi.soniyi@thisdaylive.com 07054786260 SMS ONLY
POLITICS
M O N D AY D I S C O U R S E
Security: The Sore Point Heading Towards 2019 Barely a year to the 2019 elections, security has remained the biggest issue in the polity. Would what happened in 2015 when the election was postponed repeat itself, Segun James asks Wherever you look, Nigeria appears to be a country under siege. ast week President Muhammadu Buhari had to approve the deployment of troops to six states across the restive north-central. The states are Benue, Taraba, Kaduna, Kogi, Nasarawa and Niger. The states are being terrorised by armed bandits, kidnappers and cattle rustlers. Benue, Taraba and Nasarawa have been grappling with herdsmen-farmers clashes as well as attacks on communities by armed militia. The massacre in Benue State became a national embarrassment and might have jolted the president into authorising the deployment. In Benue State, almost every week, the people wake up to the sound of gunshot and killings allegedly perpetrated by Fulani herdsmen. Most of them go to their farms only to return as dead bodies. In Benue, going to the farms, which is the traditional occupation of the people is now the most dreaded activity to do right now. The people are under siege. After sending soldiers to stop the Indigenous People of Biafra from carrying on its campaign, many had accused the president of double standards when he refused to deploy soldiers to stop herdsmen from killing people in Benue. The troops would be deployed from Nigerian Army 1 Division, Kaduna; 3 Division, Jos; Nigerian Army Record, Lokoja; and 707 Special Forces Brigade, Makurdi. The troops would be posted to units around their divisions and brigades and will operate with the police and civil defence officers. In the north-east, the armed forces are already overstretched with the fight against Boko Haram insurgents. Boko Haram, though ‘technically defeated’ has not been completely defeated. The insurgents have refused to give up. In Borno state the people are never sure who is in charge of the state between the governor and Boko Haram leader Shekau. Each time the government assures them of their safety, Shekau would deploy suicide bombers to remind the people that he is still alive and well; and that he is still capable of making their lives a living hell. In the south-south, nobody knows how long the relative peace being enjoyed there would last. Nigeria is a country which continues to owe its chequered prosperity to the wealth that comes from oil production and sales. Sixty years on, the bubble is threatening to burst as militants in every guise continue to threaten the production of oil which is the mainstay of the nation’s economy. As election draws closer, expect the militants to make demands and issue threats. Welcome to the south-east home to the now proscribed Indigenous People of Biafra. Young men who genuinely felt let down by their country are demanding for the break-up of Nigeria. Their leader, Nnamdi Kanu has reportedly fled the country and for now government’s decision to proscribe the group appeared to have worked, nevertheless, no one should be under the illusion that the war has been won as the spirit of Biafra remains very much alive in the south-east Some parts of the northwest are equally facing tough security challenges. Attacks by militias, bandits and cattle rustlers are very common even in the president’s state. It has taken the doggedness and creativity of the state governor, Aminu Masari to keep the militias at bay. Only the south-west appears to have some peace. Even there when you scratch beneath the surface, the fears that herdsmen will
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Attahiru Jega. Had to postpone elections in 2015
attack are very real. The fears are not base less. The farm of a former Secretary to the Government of the Federation, Chief Olu Falae had been attacked severally. One of his guards had been killed. There is tension in the south-west too. It is in the middle of all these that the 2019 general election will take place. Security remains the issue; how will the election take place in the middle of the sectarian insurgency across the nation? As the election time approaches, the country will enter a period of break or win in its political life. The situation will be tense and tolerance will be tested to the very limit of endurance. Apart from the criminal activities threatening the security of the nation, the president himself appears to be taking decisions that are fanning the ember of suspicion, disillusionment and hatred all of which are capable of igniting violent reactions in the country with serious implication for the nation’s security.
As the election time approaches, the country will enter a period of break or win in its political life
Until now, it has been widely assumed that politics in Nigeria could be controlled, but now the reality suggests otherwise. In the past few months, politicians have been rowing over the issue of ethnicity and religion in the politics of the nation; a situation which has taken the centre stage. In the Nigerian political field, the line between sentiment and action is thin, very thin indeed. Every political appointment in the last few years has been going to the north without regards to the quota system which is the system that was designed by past leaders to make governance more inclusive and give the people a sense of belonging. This seems to have been jettisoned by President Muhammadu Buhari. Could the president be leading a revolution of “Northernisation of Nigeria?” Many in the south believe that this may not necessarily be a laughable idea; and the idea is having and growing wings every day as the president announces new political appointments. In October, the government appointed a 36 years old woman who is the wife of a general as a deputy governor of the Central Bank of Nigeria. She is from the north. Many are of the opinion that there are better qualified Nigerians who could have been given the appointment. This month, another deputy governor was appointed for the bank, he is also from the north. Following the dismissal of the Director General of the National Intelligence Agency
(NIA), Ayo Oke from the south-west, a northerner was appointed, a situation which forced the directors of the agency to cry out that he was unqualified to hold the leadership of such a sensitive agency. Their cries had been ignored. Only last week, the president caused the recall of the Executive Secretary of the National Health Insurance Scheme, Prof. Usman Yusuf who was suspended by the health minister for alleged fraud. He was re-instated while the allegation against him was being investigated. Despite the fact that he was rude to the minister, the Peisdency did not ask him to apologise to the minister. He is from the north. Day by day, inch by inch, extreme and radical behaviours are creeping ever closer into the polity as a result of actions such as narrated above. The cries are getting strident everyday even as the government refuses to take heed or care what the rest of the country thinks. As a result of the president insensitivity to the feelings of others, many Nigerians are frustrated. Many merely bottled up their angers. They will explode at the slightest provocation. Election period usually provides those angry to express their frustration. The signs are ominous. This can be attested to by the caches of weapon being smuggled into the country by unknown CONT’D ON PAGE 18
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POLITICS
MONDAY DISCOURSE
S E C U R I T Y: T H E S O R E P O I N T H E A D I N G T O WA R D S 2 0 1 9 people. At ports across the country, arms and ammunition are being seized by men of the Nigerian customs, yet the belief is that more weapons enter the country than are seized by the customs. Will the 2019 election hold? Will it be violence free? These and many more questions are agitating the minds of the people as the nation races towards the election which is one year away. To a lot of people, the situation right now in the country is a deliberate effort to repeat the 2015 scenario where the election was postponed at the dying minutes under the guise of insecurity. Last year, when things have not degenerated to this level, the Independent National Electoral Commission had to postpone the Edo governorship election citing security reasons. What will happen next year when virtually all the geographical zones are going through one upheaval or the others? In 2015, the chairman of INEC then, Prof. Attahiru Jega told Nigerians “We invited you here today to make known the position of the Independent National Electoral Commission (INEC) on the timetable for the 2015 general elections. Let me state from the outset that the commission’s position was reached after carefully weighing the suggestions from briefings held with different stakeholders in the electoral process. “The conduct of elections in a country like Nigeria is invariably a collective venture that involves not just the Election Management Body (EMB), but also a diverse range of stakeholders, notably security agencies, political parties and their candidates, voters, as well as interest groups, such as the civil society organizations and the media. To guarantee successful conduct of elections, there are things that are wholly the responsibility of the EMB. But there are other things critical for the success of elections, which fall outside the control of the EMB. “In other words, while INEC must work hard to perfect its systems and processes for conducting elections, and take responsibility for any imperfections thereof, whatever the commission does may not by itself be sufficient to guarantee the success of elections. There are a number of issues in the preparation and conduct of an election, the most critical of which is security, which is not under the control of INEC.” Jega said that on Thursday, February 5, 2015, he was invited to brief the National Council of State, which is the highest advisory to the President comprising past and present leaders in Nigeria, on the level of preparedness of INEC to conduct the 2015 general elections. “The summary of my presentation to the National Council of State meeting is that, for matters under its control, INEC is substantially ready for the general elections as scheduled, despite discernible challenges being encountered with some of its processes like the collection of Permanent Voter Cards (PVCs) by registered members of the public,” Jega said. Despite this, the election was postponed to the chagrin of the commission which insisted that it was ready to go ahead with the election. Jega explained what necessitated the postponement thus: “But as I mentioned earlier, there are some other variables equally crucial for successful conduct of the 2015 general elections that are outside the control of INEC. One important variable is security for the elections. “While the commission has a very good working relationship with all security agencies, especially on the platform of the Interagency Consultative Committee on Election Security (ICCES) since its inception in 2010, it has become pertinent for it to seriously consider the security advisory presented to it by the Security and Intelligence Services. I would like to reiterate here that INEC is an EMB and not a security agency. It relies on the security services to provide a safe environment for personnel, voters, election observers and election materials to conduct elections wherever it deploys. Where the security services strongly advise otherwise, it would be unconscionable of the commission to deploy personnel and call voters out in such a situation.
Yakubu Mahmood. Will insecurity force him to postpone elections?
“We have done wide ranging consultation to enable us have as much input as is necessary before taking an informed decision. In the series of consultations that we held with stakeholders, the questions consistently posed to them for consideration are: “In view of the latest development, should INEC proceed with the conduct of the general elections as scheduled in spite of this strong advice; and if so, what alternative security arrangements are available to be put in place? Or, should INEC take the advice and adjust the schedules of the general elections within the framework of Constitutional provisions? ”The commission held a meeting after the consultations, and decided to take the advice of the security chiefs and adjust the dates of the elections.” Are we likely to have a repeat of the 2015 experience? The present leadership of INEC does not think so. Mr. Rotimi Oyekanmi, the spokesman for the INEC does not see or share this grim picture. He said: “I don’t want to paint such a gloomy picture of the future.” He said that the commission was ready for all possibilities; while also stressing that the synergy between the commission and the security agencies is so strong that nothing, baring natural disaster can derail the election timetable. Oyekanmi said that the commission had learnt from the election in Kogi state which was held barely a week after the appointment of Prof. Mahmood Yakubu as chairman of the commission. He said that since then, the commission had been improving from one election to the other. According to him, even though the election in Edo State was also postponed at the urging of security agencies, it later held peacefully. On whether any election can take place under a very charged political atmosphere, he disclosed that the commission had surmounted such situation in the case of Anambra state where election was held despite the threats from IPOB and MASSOB. “In Anambra state, the people do not
Wherever you look, Nigeria appears to be a country under siege
take to violence; they do their fighting in the courts. That is why they never take to violence despite all the treats from IPOB”, he said. But where will the next political crisis occur in the country? Certainly not where the last one did! But since the 1999 election that ushered in democracy back into the country after 30 years of hiatus, the belief is that a competent and unbiased umpire in the electoral process is as much essential as players in the political field of play. For much of the last three years, INEC has been under intense criticism of the handling of elections since the last general election of 2015. Much of the criticism was directed at Prof. Mahmood Yakubu, who took over as the chairman of the electoral body from Jega. Yakubu was particularly accused of lacking in ideas and not knowing which direction to take as major elections conducted by the commission under his watch were returned as inconclusive and in most cases; decisions taken were confusing and contradictory. Most of the criticisms came from politicians, political parties, civil society and even the Nigerian Bar Association who cried out that with such trend, the nation is heading for disaster in 2019. But in a year of extraordinary reversal, the song has changed. Yakubu is not only accusing politicians of being responsible for the spate of inconclusive elections, but that they are acutely desperate for power and engaging in “do or die” politics that could spell doom for the nation and its nascent democracy. To him, security is even a non-issue. The INEC chairman in an address at the Civil Society Organisations Strategy Meeting to Review Elections in Nigeria, Post 2015, insisted that “perhaps the greatest challenge faced by any Election Management Body (EMB) is the general attitude of politicians. You will all agree that here, there is acute desperation for power, eloquently captured in the dictum of ‘do or die’ politics.” He insisted that this attitude “is responsible for most other vices associated with the process, including violence, (which often results to inconclusive elections) hate speeches, bribery and all forms of malpractices. Unless there is attitudinal change and rejection of this mindset, our process is likely to be bedevilled by such negative and subversive tendencies.” He laid the blames of elections
violence on this attitude of politicians who wants to win at cost. While lamenting security as a key challenge, he said that the violence that followed all the elections in the country underscores the desperation of politicians. But Nigerians are complaining about the dysfunction in the system. They see a government divided against itself. The APC, a party that is not coordinated; Nigerians as a people exasperated by a president that is totally distant to the reality of things in his government and the state of affairs in the country. To people like Alhaji Kunle Alagbe a politician from Oyo state, we are not learning from the past. “Those who forget the past are doomed to repeat it. This seems to be particularly true in the case of General Buhari, who, as in the past, when he was a former head of state, was so narrow minded and uncompromising that he was overthrown by his most trusted allies. The situation in the country is boiling down to the same thing again.” This position was also shared by Johnson Ubani who insisted that Nigeria is a country that finds it strangely hard to get along with its constituent parts; robbing many of them the wrong way with assertive terminal claims and highhandedness. He warned that unless the president correct the lopsidedness in his appointments and give the people of the Niger Delta whose land produces the oil that is the mainstay of the nation’s economy a sense of belonging, they nation may regret it. He said that groups like the Niger Delta Avengers might not be able to engage the Nigerian Armed Forces in battles, but they can cause so much damage to the nation’s oil production. Today, our nation is facing a crisis, a crisis of effective leadership. Decisions are being made based, sadly, on political dogma (especially religion, tribe and tongue), while the guiding principles that can make a country great – competence, capacity and capability, which will foster innovation, create jobs and provide more economic opportunities for the people – have been overtaken by mindless tribalism, policies based on ethnic sentiments and considerations and unrealistic postulations while our national economy and our competiveness in the comity of nations weakened. Despite the challenges, the federal government is also investing in security not only to guarantee a peaceful election but to ensure there is peace in the country. The citizens do not expect anything less. This is because the president made security one of the three focal points of his campaign before the election. Today, there is a mood of excitement within the Nigerian Armed Forces. This followed the announcement of the purchase of 12 Tucano fighter jets and other military hardware from the United States of America at the cost of $496 million. The excitement is expected; after all, when monies were budgeted for the purchase of military hardware in the past, such monies somehow found their way into some deep private pockets, a situation which had left the military not only vulnerable, but humiliated as soldiers ran to neighbouring countries in the wake of superior firepowers from insurgents. The army believes that with the new weapons they will be able to confront and curtail, if not outrightly, nib in the bud, the rising cases of sectarian wars springing up in several parts of the country. It a job that needs a well equipped armed forces. Before Buhari was elected, members of the armed forces were disillusioned. Many of them were killed. The panel set up to investigate how funds meant for the procurement of arms and ammunition ended up in private pockets. Since Buhari took over, activities of the insurgents, Boko Haram in the northeast had been curtailed and the group “technically defeated”, according to the federal government. To the federal government, this was achieved because the soldiers at the war front were supplied with the right equipment they needed and the motivation required.
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T H I S D AY ˾ MONDAY, FEBRUARY 12, 2018
POLITICS
The Road Once Travelled Citing numerous abandoned programmes, Abiodun Komolafe argues that it will be a tragic mistake for Osun to elect a governor who will not sustain the laudable developmental programmes initiated by Rauf Aregbesola
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ocal Government election in Osun State has come and gone. Evidently, it has been won and lost! Winners have been declared, magnanimous in victory; and losers have emerged, graciously accepting to lick their wounds for some time to come. The Osun State Independent Electoral Commission (OSIEC) said 318 councilorship candidates were returned unopposed while election took place in 71 wards. In all, six political parties participated in the election, adjudged to be free, fair and credible by election observers. As a people, that we are now far better than having to move backward is no longer in doubt. With the level of development that has enveloped Osun in the last seven years - in spite of the country’s overwhelming economic bunk, not by the aid of it - time is no longer on our hands to experiment political leadership with the dreamers and the adventurous whose sole mission is to practically reduce the masses to perpetual slum dwellers and the forgotten people. Albert Einstein describes politics as a “pendulum whose swings between anarchy and tyranny are fuelled by perpetually rejuvenated illusions.” I have argued elsewhere that success at the local government poll may not result in victory on September 22, 2018 unless purposeful political re-engineering is undertaken where necessary. Similarly, that the ruling party somehow missed it on July 8, 2017 does not translate into lost hopes for its adherents. Not unexpectedly too, attempts at supplying answers to some probing questions are likely to end up throwing up more questions. For instance, what kind of political leadership should Osun expect as from November 27, 2018 and how can the state build on the huge success recorded on January 27, 2018, preparatory to the bigger battle, slated for the latter part of the year? How do we sustain Governor Rauf Aregbesola’s responsive and human-centred efforts at making life uncommonly meaningful for the people and who do we run to, in case our assumptions fail us? Stated in unambiguous terms, those who are expecting the governor to stand aloof or play the second fiddle in a matter as important as the choice of his successor are only trying to insult our collective intelligence. While this is a topic for another day, I am most convinced that an insider who understands the internal workings of the government and one who can continue the Aregbesola tendency will be most suitable for the job. But then, if the journey of a thousand miles begins with a step, then, this is where our newly-elected councillors have a lot of work to do. It’s time they took concrete steps, aimed at demonstrating leadership, ingenuity, creativity and courage in running the affairs of their councils. Nigerians are in a hurry and are no longer interested in those who create excuses for non-performance. Willingly or by happenstance, Nigeria has also joined a ‘changing world’ where ‘greening the street’ is expected to be complimented with ‘greening the stomach’, lest an ‘ungreened’ stomach lead the battle for the ‘disgreening’ of the greened street. So, rather than surrender to the vagaries of stunted monthly allocations from the federation purse, our councillors should work towards shoring up the state’s Internally Generated Revenue (IGR),.
Rauf Aregbesola
Wrangling is not alien to democracy. Curiously, post-Osun West bye-election has compelled some quarters to erroneously conclude that party politics is dead in the state chapter of the All Progressives Congress (APC). However, those who are familiar with the stories of David and Shimei (2 Samuel 16; 2 Samuel 19: 16-23; 1 Kings 2: 13-25) and Solomon and Adonijah, his brother (1 Kings 2: 13-25) will admit that political sins are rarely overlooked. They are seldom forgiven. But this is Nigeria! In the spirit of sportsmanship therefore, elected officials and those who wish the party well must strive to bring back into the APC fold the aggrieved, the disgruntled as well as the ‘Internally Displaced Politicians’ who, at one time or the other, were either rumoured, even seen to have worked against the party.
The plaintiff wants the court to order the payment of all his salaries and entitlements from December 29, 2015 until the case is determined
Most importantly, a party that wants to beat the opposition to its silly tricks must take urgent steps to upgrade its winning streaks when such a step still has honour. Interestingly, part of what distinguishes Aregbesola’s social welfare politics from, say, the late Isiaka Adeleke’s ‘stomach infrastructure’ can now be seen in the price per plot of land on ‘Ona Baba Ona’ in Osogbo and ‘Oke Gada’ in Ede, both in Osun State. Strategy must have continuity! It can be restructured, repackaged, even constantly reinvented! Again, this is where political will, not politics, comes into play! For instance, had Obafemi Awolowo’s ship of Universal Free Education not been forced to sink mid-sea, one is not in doubt of what Nigerian youth would have year-afteryear made of its generosity to evidently predict their future! Similarly, had Larry Koinyan’s Directorate of Food, Roads and Rural Infrastructure (DFRRI) not been shot to extinction somewhere along the line, its marked shift in focus from previous policies as a result of its unprecedentedly wide scope would have taken Nigeria’s rural infrastructure development to the next level. Once upon a time in this country, ‘Vision 2010’, and ‘Better Life for Rural Women’, among others, happened to us like a thief in the night. But, since
the Nigerianness in us is one in which the image of motion is always mistaken with the idea of progress, these programmes flew away immediately their promoters left office. Lastly, is religion, which unfortunately has now become as natural as the blinking of our eyelids, our bane in Osun? Is it our population? Or zonal arrangements which, curiously, have suddenly become Nigeria’s war games? Or the advantage or otherwise of age on the part of our political gladiators? Well, while religion deals primarily with man’s relationship with his Creator, Donald Trump and Dimeji Bankole have shown that exploring age as a parameter for gauging demonstrable leadership is not only castrated, it also occupies the backwaters of the truth. In all, while no one can blame selfseeking, self-serving and ill-assorted cynics for their inability to crack the code, thank God: Aregbesola as a man of ‘talent and potentials’ has shamed all-whip-and-no-hay bigots who once tagged him a religious fanatic on a mission to Islamize the state. May the Lamb of God, who takes away the sins of the world, grant us peace in Osun! Komolafe wrote in from Ijebu-Jesa, Osun State
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FEATURES
Acting Features Editor Charles Ajunwa Email charles.ajunwa@thisdaylive.com
Demand for Justice The family of Okoniba in Irrua, Esan Central Local Government Area of Edo State, are demanding justice for the death of their son. Mr. David Okoniba, who was allegedly pushed to his early grave by policemen attached to Esigie Divisional Station in the state. Adibe Emenyonu reports
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he Okoniba family of Irrua has challenged the Inspector General of Police, Abubakar Idris to rid the force of bad eggs who have continued to drag the image of the force to the mud through their excesses and unprofessional conducts. The call was premised on the alleged pushing of their son, a driver to death because he refused to part with N200. THISDAY gathered that policemen attached to Esigie Divisional Station in Oredo council area on an early morning road check at Upper Igun Junction on Murtala Mohammed Way (Third East Circular Road) had pushed David, a taxi driver, who uses a BMW, after he refused to part with N200 to the officers following his inability to produce the vehicle particulars at the spot. The Okoniba family said their son David, aged 26 years, with his wife, Ruth, were on their way to church on that Tuesday morning when the policemen numbering about five stopped them and demanded for his vehicle particulars but he plainly told the policemen that he deposited the vital documents with another set of policemen the previous week at Ahon Station after he took an accident lady to a nearby hospital in the area before she gave up the ghost. A senior brother to the deceased, Mr. Festus Okoniba told newsmen at the Urora residential apartment of the late driver that David had only N110 on him when they had an encounter with the policemen at which the deceased gave them N100 as against N200 allegedly demanded by the police which was rejected. According to Festus, the deceased had entered his car and jacked down the driver’s seat to rest after much argument with the policemen hence the officers threatened to take him to their station when his wife afterwards brought out N1, 000 note from her purse which she gave to her husband to give the policeman to give them the balance and allow them to go, but in anger, he was punched by one of the policemen into a moving truck which killed him.
I am here today to get the details of what happened. Listening to you, I am heartbroken. I can feel your pain and appreciate your pain and anger. I want to assure the family that the case will not be swept under the carpet. It will be followed to a logical conclusion as a reputable retired Judge of Edo State High Court, Justice Olubo has been selected to head the panel of inquiry which will investigate what truly happened on the said date of the incident that led to the death and consequent fracas between the youths and the police
Edo State Governor, Mr. Godwin Obaseki consoling Ruth, wife of late David Okoniba, during the governor's visit to the family of the deceased in Urora community, Benin City, Edo State ‌recently
Elder brother of the deceased, Festus Okoniba, addressing Governor Godwin Obaseki and his team, during the latter's condolence visit.
He said: “I am the elder brother to David. I saw him (late David) last two weeks. We were together, he carried me and told me everything about his marriage that is to come up in the next two weeks. "He was a taxi driver and worked with BMW to do his taxi work. On Tuesday, I was at home when my younger sister called me, brother, bother did you hear what is happening and I said no. she said I should call my younger brother’s number and I asked what was happening and she said he had an accident at New Benin. I called his line and somebody else picked the call, saying that they were at the Military base on Airport Road and I asked what happened, he said a policeman pushed David to his death.
Late David Okoniba
"He and his wife, Ruth were going to church early in the morning when policemenstopped them at Igun Junction on Third East Circular Road and demanded for his vehicle papers; he told them that he rescued one girl last week when a car smashed the girl and on his way to the Central Hospital when suddenly the girl died. And they referred him back to Ahon Station to make his report there and police collected his papers. “But the policemen said they don’t care and that they will take him to the station. He fell his seat inside his car; suddenly the policeman met him and said do you not know what to do so you can go? He brought out N100 and begged the policeman so he can go but the
policeman said he would not collect. So, he went back again and brought N1, 000 from his wife and said sir you take N500 and give me N500 this is the money they have; they are going to church. As he was begging the policeman, the policeman asked him to dress (shift away) and that was how the policeman pushed him and the truck smashed his head.� Investigation by THISDAY revealed that immediately the incident happened, the policemen fled the vicinity which sparked off protest that later spread to Akpakpava Road, Murtala Mohammed Way and 2nd East Circular Road where angry youths set ablaze four police operational vehicles (Hilux van) and another van belonging to a task force attached to the
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FEATURES
Edo State Government. Bonfires were also set by the angry youths in protest of the killing of the commercial bus driver, thereby obstructing the free flow of traffic for several hours. The protest later turned violent and resulted to a clash between youths and some mobile policemen deployed to the scene. As the policemen fired tear gas canisters to disperse the protesters; the demonstrators threw stones at the security personnel. It took the deployment of the military to remove the body of the driver as large crowd that gathered at the scene, rained curses on the police. The Edo State Commissioner of Police Johnson Babatunde Kokumo, when contacted, confirmed the development, saying the police is currently investigating the matter. He said: "As it is now, it is still an allegation against the police and not until investigation is done we cannot say if the police is culpable or not." However, 24 hours later, Kokumo issued a statement, confirming the arrest of five policemen that allegedly pushed David to his death. Although the identities of the affected policemen were not given but the CP said he has set-up a departmental investigative panel of inquiry to look into their involvement in the fatal accident that killed the driver. He stated that the policemen attached to a patrol vehicle were alleged to have caused a fatal accident. Whether they pushed him or not is a matter to be investigated." According to Kokumo, "We have set departmental investigative panel of inquiry to look into their involvement in the fatal accident that caused the death of a driver.� The Edo CP did not stop at that, he also visited the family of late David to commiserate with them. Festus, elder brother to the deceased, who confirmed the visit, commended the Edo police boss for coming to commiserate with the family on the unfortunate event, adding that the CP coming shows he is a family man. Edo State Governor, Mr. Godwin Obaseki, during a courtesy visit to the deceased family announced a N10 million education fund for the training of two children of late David Okoniba, whose death was allegedly caused by an exchange with a police officer at Upper Igun, Third Junction area of Benin City, the Edo State capital. The governor who disclosed this when he led some members of his cabinet on a condolence visit to the family of the deceased at Urora community, in Benin city, said he was at the victim’s home to assure his relatives that the government of Edo State share in their grief, assuring them that those culpable in the killing will be brought to book. “I am here today to get the details of what happened. Listening to you, I am heartbroken. I can feel your pain and appreciate your pain and anger. I want to assure the family that the case will not be swept under the carpet. “It will be followed to a logical conclusion as a reputable retired Judge of Edo State High
We appeal to the governor, Mr. Godwin Obaseki to help the family ensure David gets justice. His death must not be in vain as he was the pillar of the family. He had two children and his formal wedding was to be in two-weeks' time. His wife who was an eyewitness of the incident is psychologically affected and seriously traumatised
Obaseki...addressing sympathisers at the home of late David Okoniba
One of the Police Hilux vans set ablaze by angry youths
Obaseki (1st right) and some members of his cabinet at the home of late David Okoniba to console the deceased's family
Court, Justice Olubo has been selected to head the panel of inquiry which will investigate what truly happened on the said date of the incident that led to the death and consequent fracas between the youths and the police. “I learnt that the deceased has two children. I have released N10 million fund to be used for their education, to reduce the pain of the absence of their father and ensure their education does not suffer much because of this incident.� The governor who also assured the family that government will support in the burial of late David Okoniba, advised the family to take
the wife of the deceased to the hospital for medical attention at government expense, as she was still traumatised from the incident. The family’s spokesperson, Mrs. Roseline Aremu, expressed appreciation to the governor and the state for the visit to the family, noting that the presence of the governor has given them hope for justice. She also thanked the Commissioner of Police, Mr. Johnson Kokumo, who visited the family and showed concern over the death of David, thanking him for promising to get to the root of the mater. “We appeal to the governor, Mr. Godwin Obaseki to help the family ensure
David gets justice. His death must not be in vain as he was the pillar of the family. He had two children and his formal wedding was to be in two-weeks' time. His wife who was an eyewitness of the incident is psychologically affected and seriously traumatised,� she added. Beyond this, the family is still battling to stabilise the deceased wife, Ruth, who is pregnant and traumatised by the incident as she was present when the ugly incident happened. She will be only one now to take care of their two kids, Success (four years) and Favour (three years) left behind by the deceased from his previous marriage.
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IMAGES
T H I S D AY Ëž Ëœ ÍŻÍ°Ëœ Í°ÍŽÍŻÍś
Photo Editor ĂŒĂ“Ă™ĂŽĂ&#x;Ă˜ ÔËÖË Email Ă‹ĂŒĂ“Ă™ĂŽĂ&#x;Ă˜Ë›Ă‹Ă”Ă‹Ă–Ă‹ĚśĂžĂ’Ă“Ă?ĂŽĂ‹ĂŁĂ–Ă“Ă Ă?Ë›Ă?Ù×
L-R; Kano State Commissioner for Special Duties, Alhaji Abullahi Abass; Speaker Kano State House of Assembly, Alhaji Abdullahi Yusf Ata, Chairman, BUA Group, Alhaji Abdulsamad Rabiu, Kano State Governor, Abdullahi Ganduje and the Group Executive Director, BUA Group, Alhaji Kabiru Rabiu, during Kano State Governor Ganduje courtesy visit to BUA Group, held at the company’s OďŹƒce, Victoria Island in Lagos...recently. abiodun ajala
L-R:Shem Saywrayne Jr; representing Abisola Aboh, Admini Officer SWL Foundation; Tolulope Oyenuga, Founder.The Dorcas Cancer Foundation; Dr. Adedayo Joseph and Matida Obiajunwa, representing the Christian Brethren Church. during the award presentation for thier outstanding support to Children living with cancer in Lagos...recently
L-R; Director, Technology Solutions, AMESA, IQVIA in Technology, Ravi Akelia; President, Nigeria Medical Association, Prof. Mike Ogirima; President, Nigerian Academy of Pharmacy, Prince Julius Adelusi-Adeluyi; Country Manager, West Africa, IQVIA in General, Remi Adeseun and Chairman, IQVIA HCPSpace Advisory Board, Dr. Femi Olugbile during the MOU Signing ceremony at the oďŹƒcial launch of the IQVIA HCPSpace in Lagos... recently
L-R:Managing Director, Questers Research Resources Ltd., Dare Odetunde; Chairman, Lanre Fasakin; and Head, Qualitative Research, Olawande Adediran, during the launch of QRS Limited, in Lagos...recently
L-R: Managing Director/Chief Strategist, Chain Reactions, Nigeria, Mr. Israel Jaiye Opayemi; Special Advisor to the President on Social Investments, Mrs. Maryam Uwais; Communications Manager, National Social Investments OďŹƒce, Tahira Ikharo and the Associate Consultant, Data and Digital, Chain Reactions, Nigeria, Mrs. Stacy Famojuro, during a media interactive session on the National Social Investment Programme (NSIP) in Lagos....... recently
.L-R: Vice President, Federal Republic of Nigeria,Prof. Yemi Osinbajo; Managing Director & CEO,NestlĂŠ Nigeria Plc, Mr. Mauricio Alarcon,and Deputy Governor of Ogun State,Chief (Mrs) Yetunde Onanuga,during the commissioning of the NestlĂŠ Milo Ready- to- Drink Factory in Agbara,Ogun state...recently
L-R: Head of Marketing, Spectranet 4GLTE, Mike Ogor; Customer Service Manager, Busola Akindele, and Chief Executive OďŹƒcer, Ajay Awasthi at the launch of EVO MiFi to celebrate the forth-coming Valentine in Lagos... recently.
L-R: Merchant Sales and Solutions Manager Visa, Kandas Camara; Country Manager Western & Central Africa Visa, Diaby Ishmahil; MD/CEO UBA Senegal, Amie Sow; Senior Account Manager Visa, Gado Rachid and Business Development Leader Visa, Moses Ekhator at the strategic session in Dakar...recently
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T H I S D AY ˞ ˜ FEBRUARY 12, 2018
BUSINESSWORLD R A T E S MONEY MARKET OBB OVERNIGHT
A S
A T
REPO 45.50 % 43.33 %
CALL 1-MONTH 3-MONTH
41% 42.50 % 43.75%
F E B R U A R Y S & P INDEX INDEX LEVEL 1-DAY MONTH-TO-DATE
339.47 % 0.22% -1.05%
Group Business Editor Chika Amanze-Nwachuku
Email chika.amanzenwachukwu@thisdaylive.com 08033294157
9 , 6 , 2 0 1 8 S & P INDEX 1/4 TO DATE YEAR TO DATE
3.03 % 3.03 %
EXCHANGE RATE N305.85/1US DOLLAR* *AS AT LAST FRIDAY
Quick Takes Neimeth Relocates Corporate Head OďŹƒce
Neimeth International Pharmaceuticals Plc has relocated its head oďŹƒce from No. 1 Henry Carr Street, Ikeja to Plot 16 Billings Way, Oregun IndustrialEstate,OregunLagos.Thecompanyexplainedinastatementthat the relocation was a cost-containment strategic thinking. It stated that it decided to relocate her directing organs to its Manufacturing Base.“This action which reduces decision loop and time, enhances supervision and control, has the salutary eect of driving down cost of operations. “The movement which commenced during the ďŹ rst quarter of her 2017/2018 businesshasimpactedpositivelyontheďŹ nancialnumbersofthecompany. “The ďŹ rst quarter un-audited result released shows that the operational cost was driven down by 21 per cent, while Sales grew by 187 per cent, ProďŹ t BeforeTax also increase by 105 per cent. “With this trending result, Neimeth expects to maintain this level of performance in the subsequent periods barring any unforeseen circumstances in the Nigeria Economy,â€? the statement added.
Keystone Unveils MobileBanking App
CELEBRATING COMMERZBANK
L-R: Dr. Ulrike Schmuser; her husband and Senior Representative, Commerzbank, Mr. Olaf Schmuser; Mr. Olujimi and Mrs. Biola Agbaje; Head of Financial Institution, Commerzbank, Mrs. Angela Kurrle; and Consular General, Federal Republic of Germany, Mr. Ingo Herbert, at the bank’s 10th year anniversary celebration, which took place at the Wheatbaker Hotel, Ikoyi, Lagos...recently
Agusto & Co: Nigeria’s Borrowing Binge, a Fiscal Time Bomb Nume Ekeghe Nigeria’s research and rating agency, Agusto & Co, has stressed the need for the federal government to address what it described as the “fiscal risks lurking in Nigeria’s deficit,� projected at over N3trillion in 2018 alone. The firm noted that the deficit which largely goes into interest repayments (50%), salaries and pensions (63%) had led to Nigeria’s borrowing binge, pointing out that it was a fiscal time bomb for the country. Also, in the light of the general election in 2019, Agusto & Co pointed out that that due to political risks, foreign portfolio investors would reevaluate the country’s risk to
ECONOMY demand higher yields or there would be a panic sell-offs. The firm stated this in its 2018 economic newsletter obtained recently. It stated: “The election cycles in Nigeria lead to an inevitable elevation of political risks in the country. “These political risks tend to rise as the elections draw nearer leading to broad selloffs by investors (particularly foreign portfolio investors). “Thus, in the months to come (especially in the fourth quarter of the year), investors will possibly re-examine Nigeria’s risk profile and demand higher yields to reflect concerns over elevated political risks.
“The current Kenyan narrative further dampens investor confidence in sub Saharan Africa.� It further added: “To mitigate these risks, the central bank needs to continue with its inflation targeting monetary policies. “Thus, easing in the first half of the year may be premature, as yield hunters will demand a premium for the higher political risks triggered by the election cycle. “The stability of the naira will also be a key driver of the carry trade. However, the fiscal deficit at overthree per cent of Gross Domestic Product (GDP) and the uncertainty around the pricing policy on petrol will remain within investors’ radar leading to
even greater uncertainty and further spiking macro risks. “The current debt management strategy of the Federal Government of Nigeria (FGN) has been to rebalance the debt portfolio with higher exposures to foreign debt while cutting on local borrowings. “This has created some form of blip in the market as benchmark treasury yields on one-year maturities have dropped about 500 basis points from this time last year to between 13% - 14% now, and resulting in a negative real rate of return of about 1% - 2%. “However, we believe that there will be some form of correction in the latter half Continued on page 24
THISDAY Model Portfolios’ Growth Remains High at 39.8% Goddy Egene In line with the persistent profit taking at the stock market that saw the Nigerian Stock Exchange (NSE) AllShare Index (ASI) decline by 3.39 per cent, the THISDAY Model Portfolio (TMP) fell to 39.8 per cent last week from 41 per cent the previous week. After hitting a record growth of over 17 per cent, profit taking set in, which has reduced the growth yearto-date growth to 13 per
CAPITAL MARKET cent last week. Apparently moving in the same trend, the TMP, which had climbed to 43.9 per cent three weeks ago, has moderated to 39.8 per cent as at the close of trading last Friday. TMP is an initiative of THISDAY Economic and Financial Intelligence Unit (TEFIU), designed to enable leading stockbrokers and investment houses in the
country share their trading skills and methodologies with ordinary investors. The investment houses involved in the project are Afrinvest Limited, FSDH Securities Limited, Capital Assets Limited, Meristem Limited and Lead Advisory Limited . TMP consists of five different portfolio types constructed individually in conjunction with five leading stockbroking firms in the country with different investment objectives. Each of the partner stock
broking houses constructed a portfolio of 10 stocks selected according to their individual best judgement and using their best and well tested stock selection and investment strategies. Each of them then deployed an imaginary fund of N10 million to invest on the 10 stocks in whatever proportions they considered best. An assessment of the TMP performance as at last Friday
In demonstration of its commitment to deliver superior and innovative banking solutions to its customers, Keystone Bank has announced the launch of a brand new mobile banking application with many user friendly features which can be accessed from the convenience of a mobile phone. AccordingtotheGroupMD/CEO,ObeahonOhiwerei,thenewmobileapp has many beneďŹ ts & self-service options, including, easy account opening, convenient self- booking and liquidation of ďŹ xed deposits, an expanded list of bill-payment options and easy activation of standing instructions & recurrent future payments. Other notable features of the mobile App are, a “Switch Card ON/OFF optionâ€? which allows users to disable their cards temporarily if missing & re-enable at the click of a button, the “Hide Balance Featureâ€? which is an additional safeguard against third-party viewing and the “Meet Your Relationship Manager Optionâ€? which allows users to call or email their account oďŹƒcers right within the app. In addition, it has a Chabot feature (now live onTelegram) that guides users through a whole range of desired transactions step-by-step. Shedding more light on why it introduced the new mobile app, Ohiwerei in a statement, said: “In our fast-paced and evolving digital world, service literally has to be at the speed of thought; the rules of engagement are changing so fast that customer expectations are as diverse as our lifestyles and choices. It is no longer a question of stepping out to the bank but about the convergence of innovative services, digital technology and Omni-channel platforms coming at us at breakneck speed. “Mobile Banking for one isn’t entirely new in the industry, but there is no end to innovation in delivering customer convenience; at Keystone Bank that’s what sets us apart and that shall continue to be our strength.We are determined to be your preferred bank; dependable, responsive and always within reach,â€? he stated.
Spectranet Launches Valentine Product
With a resolve to foster love and aection during this Valentine’s Day and connect with the young-at-hearts, leading broadband and internet services provider, Spectranet 4GLTE is launching a limited edition EVO MiFi, with unheard of bundled Data beneďŹ ts for carefree communication. Specially designed for younger people, EVO MiFi comes bundled with two dierent data plans at #20,000 with 40GB Data and at #25,000 with Unlimited Data respectively. In addition, customers will enjoy 50 per cent databonusintheirnext6renewalswithin210daysofactivation.Withlimited edition, Spectranet encourages all Nigerians especially women, to walk into any of the Spectranet exclusive shops or Dealers and purchase one for their loved ones. The oer is till the stocks lasts. The Chief Executive OďŹƒcer, Spectranet, Mr. Ajay Awasthi, said the launch of EVO MiFi was aimed at fostering love and bonding among the young-at –heart this Valentine season. With this innovative oer, we would like to encourage the Nigerians to express their love freely with aordable, high quality, high speed 4G data connectivity. He added: “EVO MiFi is speciďŹ cally designed as a perfect gift for women. As a mark of tribute to the entrepreneurship of Nigerian women, Spectranet plans to launch two “women only “stores in Lagos before Valentine’s day. By extending the high speed broadband connectivity to the Nigerian women , EVO MiFi will help achieve the 30 per cent broadband penetration target set by the Nigerian Communications Commission.Thetargetcanbeonlyattainedwhenmorepeople,especially women, are connected to broadband and internet servicesâ€?.
“When we started 17 years ago, this was one of our objectives to build an industrial base that will be capable of handling the very largest of offshore structure, not just offshore but other industries tooâ€? Executive Chairman, Lagos Deep Oshore Logistics Base
Mr. Ladipopo Jadesimi Continued on page 24
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24
BUSINESSWORLD AGUSTO & CO: NIGERIA’S BORROWING BINGE, A FISCAL TIME BOMB
of 2018 as yields will adjust to reflect risks levels from the macro and political environment.� Also, while throwing more light on the increased government borrowings and debt profile, it explained: “In the interim, the drop in yields opens a significant albeit short window of opportunity for issuers seeking to raise fixed income debts. “We do not consider the swapping of local debts for foreign debts as a sustainable long term strategy – thus, our conviction that there will be some form of correction to reflect risk levels.� In addition, it stated that macro reforms especially deep structural reforms often required heavy drawdown on political capital, saying such reforms if poorly communicated could result in significant political backlash especially in an election cycle. It added: “Long-term followers of the Nigerian narrative understand the political cycle and its attendant effects on the macro-economic policy environment. “However, the effects of having been averse to reforms especially in the 2017 window of opportunity being the midway point of this administration’s four-year tenure, implies that some tough reforms may be inevitable in this election cycle. “The pricing of petrol is probably the most germane macro risk lurking in 2018. The current rhetoric from policy makers indicates there’s a conundrum on the petrol pricing issue. “Failing to deregulate when oil prices fell below $40 a barrel was a big miss. But even failing to divest from the refineries in the early days of this administration was an even bigger miss, because tough decisions now have to be taken on these key issues at a less opportune time.� It further stated: “Nigeria will once again have to fritter away all the gains on the crude oil price rally if it fails to deregulate this time around.�
NEWS
THISDAY MODEL PORTFOLIOS’ GROWTH REMAINS HIGH AT 39.8% showed that it has recorded an aggregate growth of 39.8 per cent, indicating that the N50 million imaginary fund deployed by the five firms has gained N19.902 million. A further analysis of the individual portfolios showed that
four of them declined last week, while one appreciated. Only Portfolio A appreciated, moving from 21.7 per cent the previous week to 32 per cent last week. This means the N10 million deployed by Portfolio A has improved to N13.216
million. Although Portfolio C fell from 68.9 per cent to 65.5 last week, it remained the highest gainer. The N10 million deployed by the portfolio stood at N16.552 million as at last Friday. Portfolio D fell from
60.7 per cent to 57.1, indicating that its value has grown from N10 million to N15.712 million. Similarly, Portfolio B declined from 52.6 per cent to 48.1 per cent last week.This implies that the N10 million deployed stood at
N14.807 million. Portfolio E slipped back to negative territory last week, recording a decline of 3.8 per cent. The N10 million deployed by the portfolio stood at N9.613 million as at last Friday. Meanwhile, only one
stock in Portfolio C is negative, the remaining are positive. The highest is 220.9 per cent, followed by 146 per cent. Others are:61.9 per cent; 50.9 per cent; 50.7 per cent; 39.4 per cent; 34.1 per cent; 32 per cent; and 4.8 per cent.
Operators Fault Aviation Minister on Alleged N516bn Debt Chinedu Eze Airline operators have questioned the veracity of the N516 billion debts, which the Minister of State, Aviation, Senator Hadi Sirika alleged that Nigerian carriers owe aviation agencies and other companies in Nigeria. The minister, who spoke to journalists last week at the Murtala Muhammed International Airport (MMIA), Lagos said the Nigerian airlines are ridden with debts, describing them as weak and unable to compete and take advantage of the liberalisation of African airspace, known as Single Africa Air Transport Market (SAATM). However, the Executive Chairman of Airline Operators of Nigeria (AON), Captain Nogie Meggison has accused the Minister of reeling out figures offhand, saying he
cannot substantiate the debts. He noted that the aviation agencies lack the ability to transparently record their revenues and document accurately the debts owed them by the airlines. “We have always asked them to list the debts. It is easy to call numbers. Let those we owe bring their bills and explain the debts. Although government cannot be held responsible for the operation of privately owned airlines, but the Asset Management Corporation of Nigeria (AMCON) is competing with airlines, running two airlines with tax payers’ funds. So we don’t have a level playing ground because AMCON is a competitor, using the taxes we pay to compete with us. When are they going to leave the airline industry?� The domestic carriers also
remarked that debt accrual in the aviation industry is a given because airline operation is a continuum. According to the airlines, as long as airlines render services they incur debts from service providers, which are normally settled. “Talking about debts, airline business is not a cash business you accrue the charges you are presented a bill and you pay. No airline in this world that does not owe,� Meggison said. On SAATM the AON Executive Chairman said that for the new policy to work Africa Civil Aviation Commission (AFCAC) should provide a level playing field because for every member country should charge the same amount from one country to another. In Nigeria an airline borrows money at 24 percent interest rate, pay 5
percent to the Nigerian Civil Aviation Authority (NCAA), and also 5 per cent VAT but these are waived by government of other countries for their own airlines. Also, a former ViceChairman of Arik Air, Senator Anietie Okon told THSDAY that the airlines do not owe that much and if they are not doing well as alleged by the minister, it is his responsibility and that of the government to ensure that airlines improve their operations. Okon said the minister should know the value of the assets of an airline and the percentage of debts to the airline before concluding that it is insolvent. “If the total debts of an airline are just 10 percent of its assets, how can you say that the company is insolvent?
Okon said that because of the critical role airlines play in the economy of every nation, sincere governments give support to airlines, whether government or privately owned. He recalled that at a certain point in time, airlines like Jet Airways of India, Kenya Airways, South Africa Airways and even recently Emirates had financial issues that they were buoyed by their governments to sustain their operations. On the liberalisation of the African airspace, Senator Okon said while other countries adopt policies to protect their airlines, even as signatories to SAATM, Nigeria allowed its own airspace for all comers, but Nigerian airlines are shut out of other African countries with exorbitant charges and other restrictive policies.
Terminal Operators Waive N1.5bn Charges on TCN Containers Eromosele Abiodun Group Business Editor
Chika Amanze-Nwachuku AgriBusiness/Industry Editor
Jonathan Eze
Comms/e-Business Editor
Emma Okonji
Capital Market Editor
Goddy Egene
Senior Correspondent
Raheem Akingbolu (Advertising) Correspondents
Chinedu Eze (Aviation) Linda Eroke (Labour) Eromosele Abiodun (Maritime) Ejiofor Alike (Energy) James Emejo (Nation’s Capital) Obinna Chima (Money Mkt) Chineme Okafor (Energy) Reporters
Nume Ekeghe (Money Market) Nosa Alekhuogie (AgriBusiness)
Container terminal operators in Nigeria waived a princely sum of N1.5 billion on 500 containers carrying power equipment belonging to the Transmission Company of Nigeria (TCN). According to a statement issued by the umbrella body of the operators, the Seaport Terminal Operators Association of Nigeria (STOAN) weekend, the container terminal operators waived the amount on the longstanding TCN containers in support of the federal government’s effort to ensure steady supply of electricity in the country. “We are not unmindful of
the fact that electricity is the most important commodity for national development. “Stable electric power supply is an empowerment and an enabler for people to work from the domestic level and the cottage industries, through the small-scale and medium industries to employment in the large-scale manufacturing complexes. “We took this bold step in support of the government’s effort to ensure steady power supply and accelerate economic development,� STOAN spokesman, Bolaji Akinola, said in a statement issued by the association weekend. “In April 2016, the Office of the Vice President set up
a committee comprising of the Ministers of Finance, Transport, Power, Works and Housing along with the Comptroller-General of the Nigeria Customs Service to look into the stranded power equipment containers in the ports. “As a result, terminals operators and shipping lines were invited to a meeting on April 5, 2016at the office of the Minister of Power, Works & Housing. “We agreed at the meeting to a 50 percent storage waiver ending April 30th 2016 for the power projects while the shipping lines agreed to 75 per cent waiver on demurrage.
“The government however could not make payments for the containers and storage continued to accrue and then we were called again to a meeting on 1st September 2016. Because we are committed to the well being of Nigeria and Nigerians, we still went ahead to honour the April 2016 agreement. The implication of this was that we had to waive additional charges that accrued as storage over another one year period from April 2016 to when payment was made in March 2017,� the statement added. The federal government confirmed in January 2017 that it had taken delivery of the 500 power equipment
containers from the port. The Minster of Power, Works and Housing, Mr. Babatunde Fashola, made the announcement while receiving a 20-year Transmission Expansion Master Plan presented by the Interim Managing Director of TCN, Usman Gur Mohammed, in Abuja. Fashola said the containers containing transmission equipment had been deployed to TCN sites. He said the delivery of the containers was in line with a presidential mandate to improve the capacity of TCN to deliver service between power generating companies (GENCOs) and power distribution companies (DISCOs).
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25
BUSINESSWORLD
MARKET REPORT
Stock Market’s Year-to-date Growth Falls to 13% on Profit Taking Goddy Egene and Nosa Alekhuogie
billion in 108 deals. The high demand for the shares of the financial institution also lifted its price by 4.6 per cent from N2.13 to N2.23. But the market maintained its negative momentum as the NSE ASI declining 0.49 per cent to close at 43,326.89. Similarly, market capitalisation shed N75.8 billion to close lower at N15.5 trillion. Accordingly, the month-to-date and year-to-date returns fell to -2.29 per cent and 13.29 per cent in that order. Skye Bank Plc recorded the highest price decline of 8.9 per cent, trailed by Consolidated Hallmark Insurance Plc with 4.8 per cent. Nestle Nigeria Plc shed 5.0 per cent, just as Diamond Bank Plc and AIICO Insurance Plc lost 4.8 per cent and 4.7 per cent respectively. Unity Bank Plc led the price gainers with 9.3 per cent, trailed by Forte Oil Plc with 4.9 per cent, just as Royal Exchange Plc followed with 4.7 per cent. Sterling Bank Plc chalked up 4.6 per cent, while Cadbury Nigeria Plc and Custodian Plc garnered 4.3 per cent and 4.2 per cent respectively. Meanwhile, sector performance was mixed as three of the five closed in the red. The NSE Consumer Goods Index led with a decline of 2.0 per cent followed by the NSE Insurance Index with 0.6 per cent.
It was a bearish week at the stock market as continuing profit taking drove the market to close 3.39 per cent lower. Bargain hunting had lifted the market from a negative close back to the bulls’ territory the previous week. However, the positive performance could not be sustained last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell by 3.39 per cent to close at 43,127.92. Similarly, market capitalisation shed N541.9 billion to be at N15.4 trillion. The market recorded losses in the all the five trading days. By the close of trading last week, the month-to-date and year-to-date returns stood at -2.74 and 12.77 per cent respectively. Despite the decline suffered last week, analysts at the Cordros Capital Limited said favourable relative valuations of the NSE, coupled with strengthening fundamentals, support attractiveness of the equities market and suggest legroom for gains. They added that the market will be also be driven to positive territory as investors take position ahead of quarter four of 2017 earnings. Daily Performance The equities market opened on a bearish note with the market capitalisation declining by N72.1 billion to close at N15.88 trillion, while the NSE ASI fell by 0.85 per cent to close at 44,261.72. But the decline was most fuelled by depreciation recorded in the share prices of Dangote Cement, Lafarge Africa, FBN Holdings, Access Bank Plc, United Bank for Africa Plc and FBN Holdings Plc. In all, 34 stocks depreciated, while 26 others appreciated. UNIC Insurance Plc led the price losers with 8.7 per cent, followed by Consolidated Hallmark Insurance with 8.3 per cent, while Skye Bank Plc and LASACO Assurance Plc went down by 5.5 per cent each. On the positive side, AIICO Insurance Plc led the price gainers with 10 per cent, trailed by Prestige Assurance Plc with 8.3 per cent. Linkage Assurance Plc chalked up 5.8 per cent, just Beta Glass Plc garnered 4.9 per cent. In terms of sectoral performance, three depreciated compared with two that appreciated. The NSE Industrial Goods Index led with a decline of 1.3 per cent primarily on the back of price depreciation in Dangote Cement Plc (-2.9 per cent). It was trailed by the NSE Oil & Gas Index that went down by 1.3 per cent due to losses recorded by Forte Oil (-4.9 per cent). Similarly, profit taking in NASCON Allied Industries Plc and Dangote Flour Mills Plc dragged the NSE Consumer Goods Index down by 0.7 per cent. On the other hand, the NSE Insurance Index led the advancers with 1.6 per cent as buy interest in AIICO Insurance Plc (+10 per cent),and African Prudential Plc (+4.0 per cent) and Linkage Assurance Plc (+5.9%) buoyed performance. The NSE Banking Index equally rose by 1.4 per cent as investors took position in Zenith Bank and GTBank. The market depreciated further on Tuesday depressing the index by 0.87 per cent to close at as the index lost 43,877.30. The depreciation recorded in the share prices of Zenith Bank, Transcorp, FBN Holdings, Access Bank and UBA were mainly responsible for the decline. Sector performance followed the bearish trend as all indices closed in the red. The NSE Banking Index was the biggest loser, going down by 2.1 per cent. The Industrial Goods Index followed with a fall of 1.0 per cent, while the NSE Insurance Index
declined 0.5 per cent. The NSE Oil & Gas Index shed 0.4 per cent while the NSE Consumer Goods Index closed 0.3 per cent lower. The bears extended their control of the market for the third day on Wednesday. Consequently, the equities capitalisation depressed by N399 billion in three days. Specifically, the the NSE ASI went down by 0.77 per cent, while market capitalisation shed N121.5 billion yesterday alone. The negative performance resulted partly from decline recorded in the share prices of Access Bank, Dangote Cement, FBN Holdings, Nigerian Breweries and International Breweries Plc. According to analysts at Meristem Securities Limited, the negative close “can be attributed to continued sell-offs witnessed on counters across all sectors. We expect this mood to be sustained through the remaining trading days this week, pushing the market to a negative close at the end of the week.� A total of 40 stocks depreciated
while added value. UNIC Insurance Plc led the price losers with 9.5 per cent, trailed by Skye Bank Plc with 8.9 per cent, while Wema Bank Plc shed 8.8 per cent. Law Union & Rock Insurance Plc, May & Baker Nigeria Plc, Double One Plc, ABC Transport Plc and Consolidated Hallmark Insurance Plc depreciated by 5.0 per cent apiece. Sterling Bank Plc and Learn Africa Plc closed 4.9 per cent and 4.7 per cent lower respectively. However, the price gainers were led by Caverton Offshore Support Group Plc with 9.7 per cent, trailed by Linkage Assurance Plc with 6.7 per cent. LASACO Assurance Plc chalked up 5.8 per cent, just as Unilever Nigeria Plc and Red Star Express Plc appreciated by 4.9 per cent and 4.3 per cent in that order. NAHCO Plc, UACN Property Development Company Plc, Champion Breweries Plc and Honeywell Flour Mills Plc garnered 3.8 per cent, 3.0 per cent and 2.8 per cent respectively.
In terms of sectoral performance, four of the sectors declined compared to one that appreciated. The lone gainer was the NSE Banking Index that appreciated by 0.6 per cent on gains recorded by in Zenith Bank Plc (+2.6 per cent) and UBA (+1.2 per cent). Conversely, the NSE Industrial Goods Index led losers with a decline of 1.1 per cent due to losses in Dangote Cement Plc (-2.2 per cent). The NSE Insurance Index and NSE Oil & Gas Index shed 0.8 per cent each. The bearish sentiments remained on Thursday. But the volume of trading surged at the stock market boosted by huge transaction in the shares of Sterling Bank Plc. The volume of trading jumped by 337 per cent to 2.221 billion shares worth N7.495 billion exchanged in 5,468 deals, up from506.299 million shares worth N4.571 billion traded in 6,155 deals the previous day. Sterling Bank Plc accounted for 78.5 per cent as investors transacted 1.745 billion shares of the bank for N3.839
Top 10 Brokers by Volume Rank
Broker
Description
Quantity
% of Volume
1
UBAS
UNITED CAPITAL SECURITIES LIMITED
970,365,547
9.68
2
SISB
STANBIC IBTC STOCKBROKERS LIMITED
647,484,774
6.46
3
RWD
REWARD INVESTMENT AND SERVICES LIMITED
610,208,737
6.09
4
APEL
APEL ASSET LIMITED - BRD
443,026,494
4.42
5
MCSE
MORGAN CAPITAL SECURITIES LIMITED
328,179,051
3.27
6
APT
APT SECURITIES AND FUNDS - BRD
309,462,491
3.09
7
FBNS
FBNQUEST SECURITIES LIMITED
302,209,529
3.01
8
CSSL
CARDINALSTONE SECURITIES LIMITED
283,293,581
2.83
9
CSL
CSL STOCKBROKERS LIMITED
274,175,725
10
EFCP
EFCP LIMITED
Top 10 Total Volume
2.73
273,967,492
2.73
4,442,373,421
44.31
NOTE: The top 10 Stockbrokers are responsible for 44.31% of the total volume between 15/01/2018 and 19/01/2018
Top 10 Brokers by Value Rank
Broker
Description
Value
% Value
1
SISB
STANBIC IBTC STOCKBROKERS LIMITED
12,402,934,630.66
13.50
2
CSL
CSL STOCKBROKERS LIMITED
8,490,932,850.70
9.24
3
RSNL
RENCAP SECURITIES (NIG) LIMITED
7,284,418,541.03
7.93
4
EFCP
EFCP LIMITED
7,113,942,479.57
7.75
5
FBNS
FBNQUEST SECURITIES LIMITED
4,468,449,723.13
4.86
6
UBAS
UNITED CAPITAL SECURITIES LIMITED
3,209,279,931.31
3.49
7
CSSL
CARDINALSTONE SECURITIES LIMITED
2,539,768,620.49
2.77
8
IONE
INVESTMENT ONE STOCKBROKERS INTL LTD-BRD
2,455,122,554.10
9
APEL
APEL ASSET LIMITED - BRD
2,091,752,247.72
2.28
10
CHDS
CHAPEL HILL DENHAM SECURITIES LTD - BRD
1,896,574,420.30
2.06
2.67
Market Turnover In terms of turnover, investors traded 4.426 billion shares worth N24.236 billion in 29,573 , up from 3.268 billion shares valued at N28.123 billion that exchanged hands last week in 35,761 deals. The Financial Services Industry led the activity chart with 4.005 billion shares valued at N16.501 billion traded in 19,035 deals; thus contributing 90.49 per cent and 68.08 per cent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 167.723 million shares worth N464.656 million in 1,568 deals. The third place was occupied by Consumer Goods Industry with a turnover of 137.657 million shares worth N5.334 billion in 4,982 deals. Trading in the top three equities namely – Sterling Bank Plc, Skye Bank Plc and FCMB Group Plc accounted for 2.520 billion shares worth N5.277 billion in 3,000 deals, contributing 56.95 per cent and 21.77 per cent to the total equity turnover volume and value respectively. Price Gainers and Losers Meanwhile, a total of 64 equities depreciated compared with 42 of the previous week, while only 23 others appreciated as against 49 of the previous week. Consolidated Hallmark Insurance Plc led the price losers with 27.1 per cent, trailed by Skye Bank Plc with 25.1 per cent. UNIC Diversified Holdings Plc shed 21.7 per cent, while Multiverse Mining & Exploration Plc went down by 16.6 per cent. WAPIC Insurance Plc and Wema Bank Plc fell by 14.6 per cent and 14 per cent respectively. Other top price losers for the week included: FBN Holdings Plc (13.3 per cent); Japaul Oil & Maritime Services Plc (1.25 per cent); Fidelity Bank Plc (11.8 per cent) and Berger Paints Plc (9.5 per cent). On the positive side, Linkage Assurance Plc led the price gainers, recording 25 per cent, trailed by Caverton Offshore Support Group Plc with 20.1 per cent. Prestige Assurance Plc chalked up 16.6 per cent, just as Unity Bank Plc and Transnationwide Express Plc garnered 10.2 per cent and 9.8 per cent in that order. Other top price gainers were: Red Star Express Plc (9.1 per cent); Continental Reinsurance Plc (7.2 per cent); Glaxosmithkline Consumer Nigeria Plc ( 6.3 per cent), Jaiz Bank Plc (6.06 per cent) and Eterna Plc (5.6 per cent.
26
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BUSINESSWORLD
INSIDE BROAD STREET
AKINWUNMI IBRAHIM
A view of Lagos ďŹ nancial district
Credit to Private Sector Hits N22.3tn in Q4 Obinna Chima Banking system’s credit to the private sector grew moderately by 1.2 per cent, on quarteron-quarter basis, to N22.289 trillion at the end of the fourth quarter of 2017, compared with the 0.2 per cent growth recorded at the end of September 2017. The development relative to the preceding quarter was attributed to the 0.1 and 18.9 per cent increase in claims on the core private sector and claims on the state and local governments. Over the level at end-December 2016, banking system’s credit to the private sector grew by 1.4 per cent, compared with the 0.2 per cent growth at end-September 2017. Also, aggregate credit (net) to the economystood at N25.863 trillion as at the end of the fourth quarter of 2017, the Central Bank of Nigeria (CBN) has revealed. The CBN stated these in its economic report for the fourth quarter of 2017. The amount of aggregate credit represented adecline by 4.2 per cent at the end of the review quarter, compared with the decline of 0.9 per cent at end-September 2017. The development relative to the preceding quarter, reflected wholly the 28 per cent decline in net claims on the federal government, which more than offset the 1.2 per cent rise in claims on the private sector. However, over the level at end-December 2016, aggregate credit (net) fell by 3.7 per cent, due to the 26.7 per cent fall in net claims on the federal government. According to the report, despite the nonexpansionary monetary policy stance of the CBN in the fourth quarter of 2017, growth in the major monetary aggregates trended upward. Net foreign assets and other asset (net) of the banking system rose by 47.4 per cent and 10.6 per cent above the levels in the preceding quarter, respectively, while aggregate credit to the domestic economy fell by 4.2 per cent, relative to the levels in the preceding quarter. However, the report showed that on quarter-on-quarter basis, foreign asset (net) of the banking system grew by 47.4 per cent
MARKET INDICATOR to N14.813 trillion at the end of December 2017, compared with the growth of 18.7 per cent in the preceding quarter. The development was due to the 46.2 per cent and 114.2 per cent increase in foreign asset holdings of the CBN and banks, respectively, arising from renewed investor confidence in the economy. Over the level at end-December 2016, net foreign assets of the banking system increased by 61.9 per cent in the fourth quarter of 2017, compared with growth of 9.9 per cent at the end of the third quarter of 2017. The growth was due to the increase in the foreign assets holdings of the CBN and banks. Other assets (net) of the banking system, on quarter-on-quarter basis, fell by 10.6 per cent to negative N16,675.15 billion at end-December 2017, compared with the fall of 9.9 per cent at end-September 2017. The development was due to the decline in unclassified assets of the CBN and banks. Over the level at end-December 2016, other assets (net) of the banking system fell by 34.3 per cent, compared with the decline of 21.5 per cent at the end of the preceding quarter. Money Supply Consequently, on quarter-on-quarter basis, broad money supply (M2), rose by 9.3 per cent to N24.001 trillion, in contrast to the 0.1 per cent decline at the end of September 2017. Over the level at the end of December 2016, M2 grew by 1.7 per cent due, wholly, to the 61.9 per cent growth in net foreign asset of the banking system, in contrast to the 6.9 per cent decline at the end of the preceding quarter. On the other hand, on a quarter-on-quarter basis, narrow money supply (M1), grew by 9.7 per cent to N11.036 trillion at the end ofDecember 2017, in contrast to the 1.2 per cent decline at the end of the preceding quarter. The increase in M1, relative to the preceding quarter, reflected the 24.2 per cent and 7.2 per cent rise in currency outside banks
and demand deposits of the banking system, respectively. Over the level at the end of December 2016, M1, fell by 2.1 per cent, compared with the decline of 10.7 per cent at the end ofSeptember 2017. The development reflected the 2.1 per cent apiece fall in its currency and demand deposit components. Quasi-money, at N12.965 trillion, rose by nineper cent on quarter-on-quarter basis, compared with 0.8 per cent and 1.1 per cent growth in the preceding quarter and the corresponding period of 2016, respectively. The developmentrelative to the preceding quarter was due to the increase in foreign currency deposits in banks. Over the level at the end of December 2016, quasi money rose by 5.2 per cent, in contrast to the decline of 3.5 per cent at the end of the preceding quarter. Currency-in-circulation At N2.157 trillion, currency-in-circulation rose by 21.1 per cent, above the level in the third quarter of 2017. The development reflected the growth in currency outside banks. Total deposits at the CBN amounted to N13.172 trillion, indicating 7.5 per cent increase over the level at the end of the third quarter of 2017. The development was because of the rise in the deposits of banks, federal government and the “others� in the review quarter. Of the total deposits at the CBN, the report stated that the shares of the federal government, banks and “others� were N6.018 trillion (45.7 per cent), N4.320 trillion (32.8 per cent) and N2.834 trillion (21.5 per cent), respectively. “Growth in banks’ reserves at the CBN and currency-in circulation accounted for the 16.5 per cent rise in Reserve Money (RM) to N6,477.6 billion at end-December 2017, compared with the level at end-September 2017. “Despite the mixed trends in the liquidity condition of the domestic money market, there was relative stabllity in the financial market during the fourth quarter of 2017. “Notwithstanding the non-expansionary monetary policy stance of the Bank, liquidity
was boosted by fiscal injections and maturing CBN bills. Withdrawals as a result of the CBN foreign exchange interventions and Open Market Operations (OMO), helped to stabilise the market. “Accordingly, money market rates moved in tandem with the trend of liquidity in the financial market during the review period,� it added. Furthermore, it stated that total value of money market assets outstanding at the end of the fourth quarter of 2017 was N12.122 trillion, showing an increase of 0.8 per cent, in contrast to the decline of 3.0 per cent at the end of the preceding quarter. The development was attributed to the 3.6 per cent increase in FGN Bonds outstanding in the review quarter. Interest Rate Developments Developments in banks’ deposit and lending rates were mixed in the fourth quarter of 2017, according to the report. With the exception of the 7-day and 1-month deposit rates, which rose by 0.23 and 0.18 percentage point, to 4.55 per cent and 9.12 per cent, respectively, all other deposits rates of various maturities fell from a range of 7.39 -11.40 per cent at end-September 2017 to a range of 7.34 -11.23 per cent in the review quarter. The average savings rate remained unchanged at 4.08 per cent, same as in the preceding quarter, while the average term deposit rate fell by 0.05 percentage point to 8.82 per cent at end-December 2017. The average prime lending rate rose by 0.04 percentage point to close at 17.78 per cent at end-December 2017. The average maximum lending rate, however, fell by 0.07 percentage point to 31.11 per cent in the review quarter. Consequently, the spread between the weighted average term deposit and maximum lending rates narrowed by 0.02 percentage point to 22.29 percentage points at the end of the fourth quarter of 2017. Similarly, the margin between the average savings and the maximum lending rates narrowed to 25.56 percentage points from 26.86 percentage points in the preceding quarter. With inflation at 15.37 per cent at endDecember 2017, all deposit rates were negative in real terms, while lending rates were positive in real terms.
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Jadesimi: LADOL Will Be Catalyst for Nigeria’s Industrialisation The Executive Chairman, Lagos Deep Offshore Logistics Base, Mr. Ladipopo Jadesimi, in this interview with Eromosele Abiodun, spoke on how the Egina FPSO is a game changer for Nigeria Recently you recorded a ďŹ rst with the arrival of the Egina FPSO, the obvious question now is the future of Lagos Deep Offshore Logistics Base (LADOL) Free Zone after this achievement We hope that in six months’ time, the Egina FPSO will leave LADOL and go to the Egina oil field offshore. I think it is 150 kilometers offshore Nigeria and it will be there for 30 years producing oil. What we are set out to do from the very beginning (which is almost 18 years now) is the development of an industrial free zone. For example, the FPSO is essentially a vessel and what is currently going on is the completion of the vessel, a specialised vessel but it is ship building. We can build vessel for any purpose and this FPSO is a vessel that will be utilised in the production of offshore oil but the facility you saw when the vessel arrived is basically a ship yard. There are many other FPSOs in the pipeline and one of the most significant aspect that has now happened in Nigeria is that there are few FPSOs and there are FPSOs that have been working in Nigeria for the last decades but in every single instance, they were completed somewhere abroad and brought only as far as the offshore field where it is going to do its business without touching Nigeria and that meant several things. All the investment going into the building of the vessel was spent outside Nigeria and you all know what that means if that remain perpetually the case. The major reason for that was because there was no determined political will on the part of Nigeria to ensure that these investments in offshore field that are in the tens of billions of dollars to see how these investments can be capture. In order to do so, you need a suitable facility to be able to accommodate these things. When we started 17 years ago, this was one of our objectives to build an industrial base that will be capable of handling the very largest of offshore structure, not just offshore but other industries too. As it happened, today the Egina is the largest FPSO in the world. To answer your question more explicitly, if there are other FPSOs that are in the pipeline, integration of the FPSO can be done in-country because currently, no FPSO can justifiably be integrated outside Nigeria as we have the facility and it can be done and it is being done. So, there is a prospect of more fabrications and integrations of FPSO to be done in Nigeria. However, as I said earlier our facility is basically a ship yard and the fabrication part of the facility can fabricate anything. So, it is not only FPSO related fabrication that can be done there. Part of our immediate plans includes going into the power sector, turbines for example, go into transportation, go into Agro-business. Like I said from the onset, our objective was the creation of an industrial free zone. Something else is important because I mentioned the development of human capital which is a very important aspect Nigeria needs to do. We expect before the end of the year to launch our technical school that will train hundreds of Nigerians in various skills such as engineering, wielding, fabrication and these skills will be applicable across board in terms of industrialisation. As we all know, the Dangote Group is building a refinery and a petrochemical complex in Lekki. This is going to require trained man-power. Nigeria can never have remotely enough trained man-power for industrial growth. So, just to sum it up, the facility is there to be involved in all kind of fabrication work. FPSO don’t get built everyday so, you cannot build a facility just to do fabrication for an FPSO which comes every few years, but the key thing is that no FPSO will be integrated outside Nigeria anymore and in fact starting with Egina. The FPSO is just one aspect of the project which is under $4 billion, the total investment
Jadesimi
for that field to come to first oil is $16 billion. The depth of the Egina oilfield is something like 100 and half kilometers. So, there is a lot of subsea structures at the bottom of the sea needs to be done that will together bring the oil, flow the oil and eventually send the oil up to the FPSO. There will essentially be some purifying because there will be some water, gas and all that. So, the oil will go through the modules and go purely to the storage part. So, there is huge amount of work to be done including drilling. If you can imagine drilling of that depth, I am more than impressed by the technology and there are all kinds of subsea structures that will be used. The idea is to
The FPSO is just one aspect of the project which is under $4 billion, the total investment for that ďŹ eld to come to ďŹ rst oil is $16 billion. The depth of the Egina oilďŹ eld is something like 100 and half kilometers. So, there is a lot of subsea structures at the bottom of the sea needs to be done that will together bring the oil, ow the oil and eventually send the oil up to the FPSO
increasingly domesticate more and more of the investment aspect of the offshore oil and gas exploration and production. The advantage any country that has oil and gas particularly oil and gas reserves is not the eventual sale of crude like we have in Nigeria which NNPC has certain equity amount of crude and there is petroleum profit tax and all that but in my view, that is the least of the advantages to be gained in oil and gas. The main advantage is to develop capacity to participate in the investment phase because by doing so, it willlead toindustrialisation when you start doing fabrication, engineering, wielding. This applicable across every single industry you can think of. What are the implications of the arrival of Egina FPSO to Nigeria’s economy? Yes, that is what I have been trying to expatiate on. The implication can be summed up as a complete game changer. The game changer in that Nigeria is finally beginning to reap the main benefits of having oil and, domesticate investments in the industry. It is clear that if you have an FPSO of $3.3 billion that is built elsewhere, all that money goes out or the potential investment goes out or the potential employment goes out, it is clear that what you need is to reverse it. In the Middle East, for example, Saudi Arabia and other countries, they saw this a long time ago and you should go to Abu-Dhabi in particularly you will see huge industrial packs that are dedicated to all kinds of fabrication and other hardware that goes into the oil and gas business. So, the implication is that we have finally started on the part of increasing domestication of investment which will mean employment,
which will mean training opportunity which in my view is highly important because if you train a wielder, those of them that are entrepreneurs will end up setting their own business somewhere, some may end up working in North Sea or Angola etc. As it is being said, rather than give a man fish, you can teach him how to fish and that is the way to potential independence. That is why the significance cannot be over emphasised because there was skepticism four years ago about having a facility like this being built in Nigeria. Like is said earlier, there is no reason any FPSO should be integrated outside Nigeria. When you talk about integration it means modules been fabricated and the fabrication was not done only in LADOL, it was done right across the country from Niger Dock, to Warri, to Port Harcourt and without a facility to integrate, there will be no demand for these fabrications. Since we have the facility, others will do the fabrication then the employment opportunity will spread across Nigeria. What is the relationship between Free Zones and regulatory agencies like NPA, NEPZA, NCDMB, and OGFZA? That is a very good point because there may have been some confusion perhaps deliberately so in the minds of the public. Now, LADOL and other free zones were licensed by NEPZA as industrial free zones and all our programmes in our case since 2001 investments were based on the clear regulatory authority of NEPZA that has thus far supervised us very successfully. There is another free zone authority named Onne Oil and Gas Free Zone Authority but as the law stands now, that authority was set CONTINUED ON PAGE 28
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BUSINESSWORLD
MONDAY INTERVIEW
JADESIMI: LADOL WILL BE CATALYST FOR NIGERIA’S INDUSTRIALISATION up for two things. First of all, to take care of Onne and also do import and export of oil and gas. The important thing is that the Onne oil and gas Free Zones has been attempting to interlope on the activities of NEPZA rather than their own statutory authority and they have the objectives that they were set up to perform and they should get on with it and not seek to interfere with other free zones that has been set up by a separate authority and in many cases they have invested in many decades and have been growing with the active support of NEPZA. So, the success of a place like Niger Dock, LADOL and others that are under NEPZA is due to the impact of NEPZA because they have not only been supervising us, they have been advising us, supporting us, assisting us especially on how we can better relate with other government agencies. In any event, in the case of LADOL, we are not an oil and gas free zone by any stretch of imagination even from what you saw when you came during the arrival of Egina FPSO does it look like an oil and gas free zone. Like I said, it is a ship building and the modules fabricated are industrial base of fabrication and you don’t build FPSOs every day. So, we didn’t set up our facility to fabricate just FPSOs and indeed we are into other industrial applications, which has been our mission from the very first day. Equally importantly, Onne oil and gas Free Zone has essentially completely dominated (monopolised) the industry. There was a monopoly in this business until very recently. The cost to Nigeria of the monopoly is certainly in billions because in the first place, the offshore logistic business was never tendered for bid until recently. What that meant was extremely high pricing. What is worst is that other investors were completely shut out of the business and the industry did not grow as it should and could. It is now finally growing because people can freely come, get your certification and you do your legitimate business. There was a time when the effective cost of the oil and gas industry of a monopoly pricing was something like $5, you can imagine that to the price of every barrel of oil. Fortunately under the current administration, the President and Commander in Chief of the Arm Forces, Muhammadu Buhari took a decisive action to end the monopoly, open up the space for everybody to come in. For the first time ever, the offshore logistic business is being tendered for bidding. It is almost unbelievable that there was no tender, there was no bid until now. The space is open up for every player to try their luck. If you have invested, you should be supported equally and all that. I have to say that in Nigeria, we have laws, regulations, however, what is even more important is the implementation of these rules and it is very fortunate that the current leadership of the NPA, the current Managing Director is an extremely
patriotic and brave Nigerian that has implemented these policies. This simply means freedom for everybody to compete on a level playing field and you will already see that as we speak, many Nigerians who were not even able to dare to do business in their father land have finally taken the bold step to invest. Nigerians are not lazy people, we just need an enabling environment and government support that’s all. We need a truly enabling environment and as we speak, many more others are gearing up because what we are hoping for is that there will be many more LADOLs. It will take many more LADOLs to take Nigeria to where we are going and all we’ve done is to pioneer and show what can be done. We started with the largest piece of offshore facility and that demonstrate that there is nothing that cannot be achieved by Nigerians once we have the level playing field. What is the current level of the integration of the Egina FPSO? In terms of progress of integration, the FPSO has been here for a couple of weeks, there are lots of preliminary technical arrangements that have to be made before the lifting. Essentially, these modules that a on the quayside would eventually be lifted and integrated into the FPSO. So, I would imagine that we are still at the preliminary stages of doing that. In terms of how realistic six months is, six months figure is not just a figure picked up out of nowhere. Total is the lead owner of the FPSO and they have people in South Korea, they have people in LADOL monitoring the level of integration. Actually, we were ready to integrate about three months ahead of time but there were some delays in the FPSO main construction in South Korea before it got here. So, we had plenty of time to complete the modules and to ready to integrate. The expectation from Total base on their intimate knowledge of what the work program is going to be is that six months should be adequate to install the modules and complete the integration. How much will LADOL base save Nigeria in terms of capital ight? I can look into the figures and give you later, but the significance of the integration is that we now have the capacity which we didn’t have before now in Nigeria which is to do integration. It is like you build a school and you are now training students and someone is asking you how much it cost to build the school which is equally important but far more important is that you have built a world class school and you have countless people come through and acquire skills. How do you put a figure to that? As supposed to the fact that you do not have this facility and you are forever flowing out billions of dollars elsewhere. So, the way I would love to look at it is that in terms of the actual cost, I would say value for money. The upside for Nigeria is countless. There will
in terms of facilitating an iron and steel industry because we now have high demand for it.
Jadesimi
be more fabrications done in Nigeria, there will be training, human capacity development and equally importantly, we can expect inflow of more billions of dollars because before there was skepticism but currently all doubts have been cleared. The construction of the yard was done in record time such that we were waiting for three months for the FPSO to arrive. As far as I can see, it is clear that the success achieved by LADOL is a huge significance that would lead to even more significant achievement because now you have many more Nigerians, investors coming into various aspect not just offshore but in engineering, designing and I hope eventually maybe not in
the not too distance future, we will have the beginning of an iron and steel company. This is because all the steel we are fabricating are imported, and now that there is high local demand for steel, I’m sure this will have an impact on investors looking more seriously into production of the iron and steel. Even though we are in the information age, in my own view an iron and steel industry remains the back bone of Industrialisation even though information technology is already huge and it is growing quickly but at the end of the day you will have to produce things. You must produce cars, and all manner of things. So, that is one area where it is a big step forward
We understand you have plans to invest in Power generation, tell us about this We are looking into different aspects of the power business including turbines for example and importantly into the LNG gas market. There are various schemes where you can have LNG barge come to LADOL and re-gasified for power production. Already we have a few generators that are powered by CNG and this is an aspect of power that we can surely contribute to. When the LNG comes, it is re-gasified, put into CNG and that will fill generators domestically or maybe for small industry. The potential of power development is almost endless same as transportation. We have a huge railway program in Nigeria but the steels and the rail tracks are imported. Our own message in LADOL is to encourage other people because we need as many people as possible, getting on the train of value addition locally, industrialisation locally. While some will do it by example when they see that things can be done in Nigeria, they will be encouraged. I believe in the potentials of Nigerians especially young Nigerians. They are very brilliant and capable, but they need an enabling environment, government support, consistent policy.
When will LADOL’s training Academy kick off? It is going to happen this year. We have had some activities in the last couple of years. For example, we have started building the power plant that is gas fired which will be 50MW but the first phase of 28MW is already on the way, so, we have been busy. However, because of the significance of this school of technology, we have finalised our plans to break ground any time from now and hope to complete it this calendar year. Aside power generation, we heard that LADOL is partnering with American embassy on auto manufacturing. How visible is the project? We thought of the possibility of doing something with Ford. If and when that sees the light of the day, it will be a joint venture that would required LADOL to make some investment. Why is LADOL doing all this? It is because some 20 years ago, I recognised that to have a LADOL type of entity will be critical for Nigeria. I also knew that there is absolutely no way any so call foreign investor would come to Nigeria and be concerned essentially with areas to fast track Nigeria development. That was the main driver however, I didn’t expect the level and depth of the monopoly and the unremitting nature of their opposition. I knew that if we did not do the break through, there will be many others that will take it up. Making a difference is also part of it.
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BUSINESSWORLD
NEWS
Commerzbank Assures Customers of Improved Services, Marks 10Years Anniversary Commerzbank Nigeria, a leading international financial institution, which provides support to local commercial banks worldwide, has marked its 10 years of business operations in Nigeria. The event, which took place in Lagos recently, forms parts of the company’s commitment to the wellbeing and socioeconomic development of Nigerians, and showcases its strong belief in the Nigerian economy and continued relationship with stakeholders in the banking sector. Significantly, Commerzbank Nigeria, in the last 10 years has built a tradition of excellence, offering its various clients highly innovative financial support aimed at enhancing the growth
Industry Practitioner Laments Lack of Local Content in Aviation Sector Aviation industry consultant and manufacturer of clothiers and shores for uniformed personnel in the aviation industry and other sectors, Daniel Young Global Investment Limited, has lamented that Nigerian airlines prepare their uniforms and other clothiers overseas at huge cost of foreign exchange while there are local companies that could effectively provide such service. The company said that this has contributed in the high dollar demand in the aviation industry coupled with the facts that the airlines and the agencies in the sector are not looking inwards to see what they can produce locally instead of importing every of their need from overseas. The Chief Executive Officer of the company, Daniel Young said that by improving local content in the aviation sector, Nigeria could safe over $100 million dollars of forex. Young said his company is local manufacturing company for international and local markets, which prepare uniforms and footwear for cabin crew, aviation security, other agencies in the aviation sector, schools and corporate organisations. The entrepreneur who has production facilities in Lagos, Owerri and Aba said his major driving force is to locally produce standard shoes, cloths and bags that can be accepted globally. Young reiterated that having looked at some of the brands Nigeria enjoys today in terms of clothing, his company decided to match its standards and production quality with the global brands, adding that they decided to zero in on uniforms because uniforms creates a team spirit. “If you look at the airline industry, you see the cabin crew, people in the counter space and pilots are all in uniforms and you wouldn’t want to deal with anyone who is not dressed properly. It gives a sense of corporate identity.
and development of commercial banks in the country. Senior Representative, Commerzbank, Olaf Schmuser, in his remarks, said the celebration was a pointer to the bank’s rich history in Nigeria as well as the longstanding relationship it has enjoyed since its operations in the country. He said, “Commerzbank has been doing business in Africa especially in Nigeria since 1953 and it has a long standing relationship and long history in Nigeria. The company appointed a country manager earlier in the 80’s and it took us time to open our own office; but now we have six people here on ground hence, we are here to stay and we are here to do business in Nigeria.�
He disclosed that the outlook for 2018 is promising and assured stakeholders of better and greater services, stating that the company was optimistic about putting everything into consideration. He added that the business will grow tremendously despite the challenges of previous years. On the ease of doing business in Nigeria, Schmuser commended the current effort of the Federal government for creating the enablement for foreign investment to thrive. “Let me start with getting into Nigeria, now it is much easier as we have the visa on arrival with so much construction going on and with the situation pretty much okay as compared to 2016 where we saw scarcity of dollar.
FG Urged to Conduct Survey on Child Online Abuse Emma Okonji The Federal Government (FG) of Nigeria, has been urged to conducted a survey on child online abuses in the country, to check its excesses. This call was made by the pioneer Lagos branch secretary, Cyber Security Expert Association of Nigeria (CSEAN), Mr. Remmy Nweke, in a paper, entitled ‘Nigerian Students, Technology Education and Cyber Crime’ to mark the 2018 World Safer Internet Day (WSID) event organised by the International Centre for Leadership Development Nigeria (ICLDNg) at Itolo Girl’s Senior Secondary School, Surulere, Lagos. Nweke, who also is the
Lead Strategist and Group Executive Editor, DigitalSENSE Africa Media group, said the survey became pertinent to help evaluate the enormity of child online abuses in the country, especially since the boom in Information and Communication Technology (ICT) in the country have been unprecedented. According to him, the federal government can urgently facilitate this survey via collaboration between the Federal Ministry of Youth & Sports and National Bureau of Statistics (NBS) to quantity the crime, in addition to introducing a dedicated toll-free number to this cause. While urging students, to always exhibit positive confidence whenever online and
ready to share only content they are sure of, Nweke also advised parents to take special interest and care in what their children do mostly online. “This is very key to safety of children online, while they must stick to Closed User Group (CUG), so as to stay safe and share beneficial information,� he said, enjoining children who wish to use social media applications (apps) to ensure those have user content control or user setting options like Twitter, Instagram, Facebook to name a few. “Apply discipline in the use of social media and focus on your education first,� he advised the students selected from various schools in Lagos State.
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Avon HMO Launches #Avonwiththelove Valentine Promo Avon Healthcare Limited, Nigeria’s leading Health Management Organisation (HMO) has announced the commencement of it’s #Avonwiththelove Valentine promo. The promo, which aims at empowering couples to love more and live healthier, fuller lives, will run throughout the month of February. Speaking on #Avonwiththelove, Chimaobi Eluigwe, Head, Marketing at Avon HMO, stated
that the promo was conceived to create a memorable experience for couples during the Valentine season as well as encourage them to take their health seriously while planning towards a happy and fruitful union in the future. He said: “We are excited to announce the #Avonwiththelove promo because it not only ties into our key focus of empowering people to live healthier, fuller lives but it is also a great way for us to connect with lovers
across the country. Valentine is a season of love and Avon HMO is joining in the excitement of the season by enhancing the experience for lovers.� Explaining how the promo works, Eluigwe stated that all subscriptions to the Avon HMO Couples’ Plan via both the online portal and offline channels throughout February will attract a discount of 10 percent instantly. In addition, subscribers also stand a chance
of winning the grand prize of an all-expense paid weekend to Zanzibar for two. Other Special Love Packages to be won during the period include 12 bouquets of red roses, 24 boxes of chocolates, 48 red velvet cakes which will be given out every other day. The Avon HMO Couple’s Health Plan is targeted at couples who are in committed relationships as well as newlyweds. As with all other Avon HMO health
plans, whenever the subscribed couple is ill, or suffer an accident requiring medical attention, Avon HMO steps in to co-ordinate their care and pay the hospital bills. Other benefits included in the Couple’s Plan are family planning and contraceptives, pre-marital medical check-ups, fertility investigations and more. Since its inception five years ago, Avon HMO has been at the forefront of ensuring that
Nigerians from all walks of life have access to effective healthcare services when they need it, without the burden of financial constraints being a hindrance or an obstacle. In addition, Avon HMO has been recognised for driving innovation in the Nigerian HMO sector with the introduction of its online health plan subscription portal as well as its popular radio health advocacy programme, Avon’s Practical Tips for Healthy Living.
NCC Board Chairman Assures Nigerians of Digital Revolution
OHCSF, AIG Move to Reposition Nigeria’s Civil Service
Emma Okonji
The Office of the Head of the Civil Service of the Federation (OHCSF) and the Africa Initiative for Governance (AIG) recently reiterated their joint commitment to reforming the Nigerian Civil Service in a private-public partnership. The OHCSF, under the leadership of the Head of the Civil Service of the Federation, Mrs. Winifred Oyo-Ita, organised a two-day retreat for members of the recently constituted Project Management Teams (PMTs) for the Implementation of the 2017-2020 Federal Civil Service Strategy and Implementation Plan (FCSSIP) in Calabar, CrossRiver State. The objective was to provide orientation for the PMT members in readiness for the implementation phase of the
The Chairman, Board of Commissioners, Nigerian Communications Commission (NCC), Senator Olabiyi Durojaiye has promised to put Nigeria on the global map of digital revolution through youth empowerment. He gave the assurance in Lagos during the celebration of his 85th birthday anniversary and book launch. Durojaiye said he would use his position as the chairman of NCC Board to get the support of board members on his vision to empower Nigerian youths on digital training that will enable them compete favourably with the rest of the world in the area of digital revolution that is currently sweeping across the globe. According to him, lots of talented Nigerian youths are
jobless and roaming the streets looking for job opportunities, whereas they could be trained on digital technology that will make them productive and globally competitive. “NCC will offer training to Nigerian youths that are jobless and roaming the streets. The training will be focused on digital technology to develop their innate ability and talents to do more exploits for themselves and for the nation. We are currently planning to conduct aptitude test to select the best among them and provide training for them that will further enhance their skills,� Durojaiye said. He further added that the essence of the training is to prepare the youths for the current global digital revolution. President Muhammadu Buhari
and the National Leader, All Progressives Congress (APC), Chief Bola Tinubu, were among the prominent Nigerians who extolled the NCC Board Chairman on his birthday anniversary and book launch, titled: Durojaiye: Dare to Be Different’, President Muhammadu Buhari, who was represented by the Minister of State for Aviation, Senator Hadi Sirika, felicitated with the NCC boss on his 85th birthday and wished him good health in his old age and years to come. Sirika described Durojaiye as a true Nigerian that believes in democracy and the rule of law. He said Durojaiye had always advised people who wanted to attain greatness in life to always try and do something that is different from the lifestyle of their role model.
eight priority initiatives of the FCSSIP - which broadly cut across, capacity building, staff welfare, digitisation and innovation. “Following the launch of the Strategy in February 2017, the OHCSF received a Presidential intervention that culminated in OHCSF signing a Memorandum of Understanding with the Africa Initiative for Governance (AIG) and shortly after, received approval from the Federal Executive Council in July 2017,� Oyo-Ita explained in a statement. She added: “On December 7, 2017, theeight PMTs were constituted and inaugurated, and together with the relevant private sector champions, are expected to facilitate and drive the day-to-day implementation
of the eight priority areas of the 2017–2020 FCSSIP.� She further highlighted some of the benefits of the project, stating that “the implementation of the Strategy is expected to deliver N60-120bn savings from cleaning HR data, N2.5bn annual savings from digitising content, at least 25,000 civil servants trained through revamped core modules and at least three annual innovation challenges held to cultivate ideas, technologies, and ventures for enhanced service delivery, efficiency and productivity in the public service.� In her remarks, on the support of AIG, “I want to use this opportunity to thank AIG for their support as our major implementation partner and channel for engaging private sector reforms champions.
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NCAA to Sanction Firm Operating Illegal Handling Services at MMIA Chinedu Eze The Nigerian Civil Aviation Authority (NCAA) may sanction an international handling company that is operating illegally in Nigeria. THISDAY learnt that the company, Menzies Aviation had applied to offer its services in Nigeria but started operation before getting approval and while concerned authorities are still processing its request. The ground handling company has its headquarters in Dublin, Scotland, but has its base in
Africa in Accra, Ghana and currently seeking for approval to operate in Nigeria. The Federal Airports Authority of Nigeria (FAAN) said it is also investigating the matter and if it is found that the company was culpable it would also carry out series of sanction against it. Menzies Aviation was reported to have carried out ground handling operations at the Murtala Muhammed International Airport (MMIA), Lagos without approval while NCAA is still reviewing its documents and industry operatives said that it is not
only a breach of procedures but also a breach of safety and security because the activity of the company is not yet under surveillance without approval for it to deliver service. However, spokesman of NCAA, Mr. Sam Adurogboye, confirmed that the ground handling company has carried out operations at the Lagos airport for some well-known foreign airlines but said the agency had commenced investigation into the issue. “The matter has been reported to us. I have been able to confirm that and NCAA
is looking at all angles on the matter. We will look at the aspect of registration. Do they have the appropriate clearance to do what they did? “We know they applied to NCAA for ground handling business, but what we are looking at is whether they were certified to start operating. We are investigating their operations.� The company was reported to be operating with a nontransferable licence of a local handing company, Precision Aviation Handling Company Ltd (PAHCOL), which was issued certification by the regulatory
body some few years ago, but could not commence operations due to lack of equipment. “The handling company came in without an operating license and they rendered handling services to Air Cote d’Ivoire. It indicates that our airports are porous to the extent that an unregistered ground handling company will operate in our airport. “The company used PACHOL license, which NCAA has already told them that it is not transferable. NCAA actually told them to do the proper thing that if they want to come into
Nigeria, they should go and register while the agency carries out security checks on them. They know that if they use PACHOL name to operate, the company cannot attract foreign and big airlines. So, they claimed to be Menzies to clients in order to attract airlines, a source said. THISDAY also learnt that FAAN did not give the company apron pass, so they used one owned by a major Nigerian airline to commence operations, an action described as breach of security by senior aviation security personnel.
Cisco Leads Innovations to Reinvent Network for Digital Business Emma Okonji Cisco, the worldwide technology leader that has been making the Internet work since 1984, has announced powerful assurance innovations across its intentbased networking portfolio that will help Information Technology (IT) teams shift from reactive to proactive. The company plans to use the innovations to address the 43 percent of time IT spends troubleshooting, while making IT operations more proactive, agile and automated. The software innovations represent significant advancements in mathematical modeling and contextual insights, accelerating Cisco’s strategy to reinvent the network for the digital era. Cisco’s vision to create a network that anticipates operational issues, stops security threats in their tracks, and continues to learn, adapt and protect will be realised by transforming the entire network, from the data center and campus, to the branch
and edge. Executive Vice President, Networking and Security Business at Cisco, David Goeckeler, said: “The network has never been more critical to business success. We are reinventing the network ground up to deliver a secure and intelligent platform for digital business. Today, we are taking another major step toward that ambitious goal with intentbased networking innovations designed to deliver contextual insights and assurance that will help transform IT from reactive to proactive.� Cisco’s intent-based networking portfolio represents a fundamental shift away from the manual and time-intensive methods by which networks are traditionally managed. These intent-based networks capture and translate business intent into network policies, and activate them across the infrastructure. With the introduction of assurance capabilities, they can now continuously verify the network is operating as intended.
DPR Cautions Filling Stations against Cheating Amby Uneze in Owerri The Department of Petroleum Resources (DPR), Eastern zone has fined one filling station appropriately in Owerri metropolis, capital of Imo State for under dispensing premium motor spirit (PMS). Five others were cautioned for selling above government regulated pump price of N145 per litre. The renewed aggressive surveillance which was in response to a directive from the Director of DPR to all Zonal Operation Controllers was to checkmate product diversion and ensure the PMS is sold at government regulated price of N145 per litre. Reviewing the activities of the surveillance which was carried out last week, the Zonal Controller, Peter Ijih said that the exercise took the team to around Owerri and its environs, where they inspected the ten filling stations that received PMS supplies from Aba depot to ensure that the loaded
products were delivered at the appropriate stations and whether the products were also sold at the government regulated price. “We also visited other stations which did not receive products from Aba depot, and where products were available we enforced the stations to sell the products at government regulated price. And in doing this, we found one station that engaged in under dispensing which was subsequently sealed and fined appropriately, while five stations were enforced to sell at government regulated price�, he said. The Zonal Controller used the opportunity to advice marketers to desist from any form of hoarding or diversion of product, and to ensure those products available are sold to motorists at appropriate government rate. He also noted that the exercise was going to be a continuous one while urging the public to report to DPR any suspected irregularities and diversion.
A NEW BEGINNING
L-R: Chief Executive OďŹƒcer, Viathan Engineering, Ladi Sanni, CEO, InfraCredit, Chinua Azubike, CEO, Gasco Marina Limited, Bukola Badejo-Okusanya, at the signing of Nigeria’s ďŹ rst infrastructure Bonds Issuance in Lagos...recently
Pension Alliance Lifts Pensioners Facebook Announces with New Campaign,TVC Investment in Community We are driven by the passion to Leaders Raheem Akingbolu In line with its resolve to inspire confidence and promote a financially secure future among Nigerians, PAL Pensions has unveiled a new campaign tagged ‘Retire with a Smile’ to encourage more individuals to save towards retirement. The campaign was launched recently in Lagos. Internet sensation, Nosa Afolabi popularly known as Lasisielenu was in attendance to show his support and join in the drive to encourage savings. The campaign also saw the launch of a new TV Commercial which was warmly accepted as it sparked up positive conversations among media correspondents on the giant stride embarked on by PAL Pensions. The TV Commercial shows an exciting musical that depicts PAL Pensions’ clients smiling from their active working days to old age. It is expected to run on major TV stations and digital platforms across the country. Addressing the media during the unveiling of the campaign, Managing Director, Pal Pensions, Morohunke Bammeke, reiterated that the mission of the organisation is to secure and deliver retirement benefits with ease. ‘‘Our vision is to be the leading Pension Fund Administrator in Nigeria creating value. At Pal Pensions, we are constantly focused on creating value and delivering superior customer service to our clients.
be the leader in attracting new clients and retaining old ones. For us, it is crucial that every time our clients interact with us, they can be assured of the highest quality of service delivery. The Pal Pensions brand exudes empathy, warmth, partnership and integrity. “We are driven by the passion to make things easier for our clients’’. Similarly, the Head, Brand Management & Corporate Communications PAL Pensions, Mrs. Sunmisola Mark-Okoma stated that ‘‘at the core of this campaign is the need to encourage the younger demography to secure their future by adopting a retirement savings plan. We also emphasise on the importance of the Contributory Pensions Scheme. According to a 2017 report by the National Bureau of Statistics, only 10.93 percent of Nigeria’s total working population have retirement savings accounts! This implies that more than 89 percent of Nigeria’s workforce do not have retirement savings accounts. With the campaign launch, we want to underscore the need to choose a credible, customer-focused Pensions Fund Administrator, that would ensure the security and growth of their retirement savings. Our desire is to assure Nigerians that PAL Pensions delivers pensions services and retirement benefits with a smile.�
Emma Okonji Facebook has announced the launch of the Facebook Community Leadership Programme, a global initiative that invests in people building communities. The platform will commit tens of millions of dollars to the programme, including up to $10 million in grants that will go directly to people creating and leading communities. In addition, Facebook introduced new tools for group admins and the expansion of the company’s London-based engineering team that builds technology to help keep people safe on Facebook. Head of Groups and Community at Facebook, Jennifer Dulski, and Vice President, Product Partnerships, Facebook, Ime Archibong, jointly made the announcement at the Facebook Communities Summit Europe recently. More than 300 community leaders from across Europe came together in London including Blind Veterans UK, an advocacy organisation that provides practical and emotional support to blind veterans and their families. Also present were Donna Mamma, a support group for mothers in France to share advice and information; Girl
Skate UK, which celebrates and brings together the female skateboarding community; and High Society PL, a group of sneaker enthusiasts who bond over their shared passion. Community leaders often tell Facebook that with additional support they could have more impact. The Facebook Community Leadership Programme is designed to empower leaders from around the world who are building communities through the Facebook family of apps and services. It includes: Residency and Fellowship opportunities offer training, support and funding for community leaders from around the world. Up to five leaders will be selected to be community leaders in residence and awarded up to $1,000,000* each to fund their proposals. Up to 100 leaders will be selected for Facebook’s fellowship program and will receive up to $50,000* each to be used for a specific community initiative. Community Leadership Circles bring local community leaders together to meet up in person to connect, learn, and collaborate. Facebook piloted three circles in the US in 2017 and will be expanding globally this year.
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The Inspector General of Police
Ibrahim K. Idris NPM, nmi Cordially invites the General Public to the
PUBLIC PRESENTATION/LAUNCHING of the Book Titled:
SECURITY AND JUSTICE; THE PATHWAY FOR PEACE AND RECONCILIATION IN NIGERIA” UNDER THE JOINT CHAIRMANSHIP OF Gen. Theophilus Yakubu Danjuma GCON, FSS psc (Rtd.) and Mr. Aderemi Makanjuola Chairman, Caverton Group
ROYAL FATHER OF THE DAY H.R.M. Oba Rilwan Akiolu 1, CFR Oba of Lagos
SPECIAL GUEST OF HONOUR His Excellency, Mr. Akinwunmi Ambode Executive Governor of Lagos State VENUE: Intercontinental Hotel, Victoria Island, Lagos DATE: Thursday 15th February, 2018 TIME: 11:a.m. ANNOUNCER:
CP Imohimi Edgal
R.S.V.P. 0803 304 0807, 0803 452 3515, 0803 438 1387
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FG Steps Up Data Collection on VAIDS Nume Ekeghe Thousands of tax defaulters are already gripped by fear of being exposed following the intensification of transaction and income data collection by the Voluntary Assets and Income Declaration Scheme (VAIDS). The scheme, which provides a time-limited opportunity for tax debtors to regularise their tax status by truthfully declaring, ends on 31 March. VAIDS offices sources disclosed that income, assets and transaction data of millions of Nigerians have been obtained from a variety of sources,
including land registries, banks, Federal Inland Revenue Service, Corporate Affairs Commission, Nigerian Customs Service, Federal Airports of Authority of Nigeria and numerous payment information platforms. The data have been analysed to yield tax debt profile of individuals and companies after which letters were written to defaulters, warning them to comply with VAIDS before the deadline. Owners of undeclared offshore assets are equally certain to be tracked through a variety of multi-jurisdictional agreements to which Nigeria is signatory.
Among these are Automatic Exchange of Information (AEoI), which kicked in on 1 January. It enables tax authorities in Nigeria to receive information, even without requesting, from tax authorities in other countries. The federal government has also started working on modalities for the implementation of the Common Reporting Standards (CRS), which will deliver taxpayers’ information to government directly from commercial banks. Full implementation of the CRS will enable the government receive information from accounts domiciled in countries by Nigerian tax residents.
Nigerians Urged to Embrace Insurance The Executive Director, Corporate Banking, Ecobank Nigeria, Mr. Akin Dada, has advised Nigerians to see insurance as a way of life. Dada said this at an insurance roundtable event organised by Ecobank Nigeria’s Securities, Wealth and Asset Management (SWAM) unit in Lagos recently. He also said there was also need for the banks to work with the insurance companies to break the barriers of insurance penetration. “Insurance penetration has always been a major barrier. We are working with the insurance companies to see how we can unlock the opportunities in the sector. Tax incentive will enhance awareness in the sector,� he added. Earlier, the Managing Director, EDC Fund Management,
Ecobank, Mrs. Ibukun Oyedeji, explained that the insurance roundtable was set up to be a forum that would bring all insurance companies together to discuss the market and the pertinent issues in the industry. She noted that although the insurance industry has a lot of potential, it has always remained in the infant stage and has struggled over time. “There is need for more collaboration between the insurance and banks. “Although the regulator has advised on the Bancassurance, one of the things we think is the way outside the regulator’simposed collaboration is that we as practitioners need to make sure that the collaboration comes as improved synergy to see how well we can cover the entire Nigeria, especially the masses.�
According to Oyedeji, with 50 per cent of Nigerians as working class, there is need for increased awareness on insurance. “If a merger happens in the market, which I think needs to happen, I think in the long term, insurance would be a buy for me. “I think a lot of time, what has happened in the industry is the mis-selling by the agents. “A lot of agents to meet their targets, sell the wrong insurance and you don’t know. You keep paying for that insurance until when it is time to claim the insurance. This is a business of trust and once there “I see fintechs not as a challenge, but as a penetration strategy. For me, there are two strategies in Nigeria that would work: financial planning and technology,� she explained.
FCMB Introduces ‘Banking on Love’ Campaign First City Monument Bank (FCMB) plans to motivate about 100 customers among its youth segment with cash rewards, other exciting prizes and engagements to commemorate this year’s Valentine’s celebration. In its annual campaign tagged, “Banking on Love,� the lender said many young and even some older people view the February 14th Valentine Day celebration as solely defined by the day’s activities with their chosen partners and loved ones. The bank, in a statement, quoted its Head of Corporate Affairs, Mr. Diran Olojo to have enjoined the youths to see love as a virtue that is all encompassing. FCMB said love is more about care, giving, commitment, passion, trust and responsibility for the comfort, protection, security and happiness of the next person with an open mind and genuineness of purpose. He stated that the position further goes to define some of the activities engaged in by the Bank which pays close attention
to many segments of the Nigerian society. According to Olojo, “at FCMB, it is not all about business at all times. There is a strong propelling philosophy which also drives us to be concerned about the best way to positively affect our immediate environment. How best to reach and impact the less-privileged.� He added: “We always think about the best strategies to adopt to help the needy people in our society. We care about the orphans, the widows, the aged people, our youths and the internally displaced persons (IDPs) who have been affected by insurgency, man-made and other natural disasters. “We believe one of the positive outcomes of sound corporate governance, is impacting positively on lives and communities in Nigeria. Indeed, as businesses act responsively and boost their performance indices, they should also devote a part of their income to giving back to the society by engaging in various life-changing
activities. At FCMB, we have been guided’’. The statement explained that this year’s ‘Banking on Love’ campaign will include cash awards and some giveaways to many youth customers during and after Valentine celebration, a global event that climaxes on February 14th. N10,000 each is being given to 25 young people every week, throughout February, the month of Love. To be eligible to win, customers are required to carry out transactions with their cards that add-up to at least N5,000 in a week. Winners will be announced weekly. The Flexx account is FCMB’s youth-centric banking product targeted at young people who are actively seeking platforms that allow them express their uniqueness, while building skills for financial success. This is summarised in the description of Flexx as, “An app, a card, an account�, which gives account holders the freedom to bank on the go, using the Flexx Mobile App.
African Reinsurance Corporation Joins AFC The African Reinsurance Corporation (AfricaRe) has announced its membership of the Africa Finance Corporation (AFC). With this, AfricaRe becomes the first multi-lateral financial institution to invest in AFC. AfricaRe, owned by 41 African states, approximately 107 insurance/reinsurance companies and non-African strategic investors, is the continents premier reinsur-
ance corporation, operating across 41 African countries. AfricaRe’s membership of AFC wasofficially sealed at a signing ceremony to be held in Lagos recently. According to a statement, AfricaRe’s membership of AFC advances the corporation’s growth strategy for its country membership and greater diversification of its shareholding. In recent months, AFC has grown its country membership in
Francophone, East and Southern Africa, with the accession in 2017 of Benin, Kenya and Zambia, respectively. AFC stated that now seeks to consolidate this success by further expanding its shareholder base. Commenting on the development, President and CEO of AFC, Andrew Alli said: “We welcome African Reinsurance Corporation(Africa Re) as a member and shareholder of AFC.
Broad street
MARKET INDICATORS MONEY AND CREDIT STATISTICS
(MILLION NAIRA)
AUGUST 2017 Broad Money (M2)
21,851,454.31
-- Narrow Money (M1)
9,890,813.10
---- Currency Outside Banks
1,523,239.91
---- Demand Deposits
8,367,573.19
-- Quasi Money
11,960,641.22
Net Foreign Assets (NFA)
9,732,990.89
Net Domestic Assets(NDA)
12,118,463.42
-- Net Domestic Credit (NDC)
26,821,446.81
---- Credit to Government (Net)
4,824,226.22
---- Memo: Credit to Govt. (Net) less FMA
7,834,536.74
---- Memo: Fed. and Mirror Accounts (FMA)
--3,010,310.52
---- Credit to Private Sector (CPS)
21,997,220.59
--Other Assets Net
--14,702,983.39
Reserve Money (Base Money)
5,486,804.65
--Currency in Circulation
1,868,735.07
--Banks Reserves
3,268,266.17 Ëž Ă™Ă&#x;ĂœĂ?Ă? Ě‹
Money Market Indicators (in Percentage) Month
August 2017
Inter-Bank Call Rate
22.63
Minimum Rediscount Rate (MRR) Monetary Policy Rate (MPR)
14.00
Treasury Bill Rate
13.35
Savings Deposit Rate
4.08
1 Month Deposit Rate
8.86
3 Months Deposit Rate
10.14
6 Months Deposit Rate
11.51
12 Months Deposit Rate
11.40
Prime Lending rate
17.69
Maximum Lending Rate
31.20
Ëž Ă™Ă˜Ă?ĂžĂ‹ĂœĂŁ ÙÖÓĂ?ĂŁ Ă‹ĂžĂ? Ě‹ ͯ͹Ϲ
OPEC DAILY BASKET PRICE AS AT THURSDAY FEBRUAR 8, 2018
The price of OPEC basket of fourteen crudes stood at $62.69 a barrel on Thursday, compared with $64.30 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), ZaďŹ ro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela). SOURCE: OPEC headquarters, Vienna
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MARKET NEWS
Directors of African Prudential Meet on Financial Accounts, Dividend Goddy Egene and Nosa Alekhuogie Africa Prudential Plc will soon meet to consider the financial accounts for the year ended December 31, 2017. The Board of Directors at the meeting, will take a decision on the dividend that would be recommended to shareholders for the year. Specifically, African Prudential Plc said that its Board of Directors is scheduled to meet in Lagos
on Wednesday, February 21, 2018 to consider the accounts and financial statements for the year and proposals for dividends. Based on the proposed meeting, the company’s Secretary and Legal Adviser, Mr. Joseph Jibunoh said its closed period has commenced since February 6. The closed period is in keeping with the Nigerian stock Exchange (NSE) rule book and the amendment to the listing rules. “The company hereby declares
P R I C E S MAIN BOARD
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the commencement of the closed period for trading in its shares on February 6, 2018 .Hence, no director, persons discharging managerial responsibility, employees with sensitive information, advisers and consultants of the company and their connected persons may directly or indirectly deal in the securities of the company until 24 hours after the release of the Audited Accounts and Financial Statements of the company for the period ended December 31, 2017
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to the NSE and by extension, the general public,� the company said. The company recently unveiled an USSD code *4018# that will enable shareholders to perform many tasks on their own. Tagged “Personal Registrar,� the code, according to the company, is in line with its determination to In line with its determination to dominate and redefine the landscape of registrar service delivery in the county, The USSD code, *4018#, enables
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shareholders to perform multitude of tasks including checking their outstanding dividend, shareholding balance, confirming bank mandate right from their mobile phones from the comfort of their homes, work places or leisure. With the code, shareholders can also check postal and email addresses from their mobile phones. The Managing Director/CEO, Mr. Peter Ashade, explained that the service, which is available round the clock, works on all kinds of
O F
mobile phones and networks, and does not require internet data, adding that shareholders only need to dial the code to access the service environment. He noted that “Personal Registrar� was developed by the company in its drive to persistently pursue exceptional service experience and is borne out of its culture of excellence and persistent drive to improving investors’ confidence in the market.
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40
˜ ͺ˜ ͺͶ ˾ T H I S D AY
Nigeria Daily Stock Market Report: 'ůŽďĂů ƋƵŝƚLJ DĂƌŬĞƚ͗ WĞƌĨŽƌŵĂŶĐĞ ĞĂƌŝƐŚ ĂƐ ^ƚŽĐŬƐ džƉĞƌŝĞŶĐĞ ŽƌƌĞĐƟŽŶƐ WĞƌĨŽƌŵĂŶĐĞ ŽĨ ƚŚĞ 'ůŽďĂů ƋƵŝƚLJ DĂƌŬĞƚ ǁĂƐ ůĂƌŐĞůLJ ďĞĂƌŝƐŚ ƚŚŝƐ ǁĞĞŬ ĂƐ ϭϱ ŽĨ ƚŚĞ ϭϲ ŝŶĚŝĐĞƐ ƵŶĚĞƌ ŽƵƌ ĐŽǀĞƌĂŐĞ ĐůŽƐĞĚ ƚŚĞ ǁĞĞŬ ŝŶ ƚŚĞ ƌĞĚ͘ dŚĞ ƉŽŽƌ ƉĞƌĨŽƌŵĂŶĐĞ ǁĂƐ ůĂƌŐĞůLJ ĚƵĞ ƚŽ ƐƉĞĐƵůĂƟŽŶƐ ŽĨ Ă ƉŽƐƐŝďůĞ ŝŶƚĞƌĞƐƚ ƌĂƚĞ ŚŝŬĞ ďLJ ƚŚĞ h^ &ĞĚ ŽŶ ƚŚĞ ďĂĐŬ ŽĨ ŚŝŐŚĞƌ ŝŶŇĂƟŽŶ ůĞǀĞůƐ ĂƐ ǁĞůů ĂƐ ŵĂƌŬĞƚ ĐŽƌƌĞĐƟŽŶ ĨŽůůŽǁŝŶŐ Ă ůĂƌŐĞůLJ ďƵůůŝƐŚ ƉĞƌĨŽƌŵĂŶĐĞ ŝŶ :ĂŶƵĂƌLJ͘ &ƵƌƚŚĞƌŵŽƌĞ͕ Žŝů ƉƌŝĐĞƐ ƚƌĞŶĚĞĚ ůŽǁĞƌ ĚƵƌŝŶŐ ƚŚĞ ǁĞĞŬ ƚŽ ƐĞƩůĞ Ăƚ h^Ψϲϰ͘ϰϰͬď ĂŌĞƌ ĚĂƚĂ ƌĞůĞĂƐĞĚ ŽŶ tĞĚŶĞƐĚĂLJ ƐŚŽǁĞĚ ĂŶ ŝŶĐƌĞĂƐĞ ŝŶ h^ ĨƵĞů ĂŶĚ ĐƌƵĚĞ ƉƌŽĚƵĐƟŽŶ͘ /Ŷ ƚŚĞ ĚĞǀĞůŽƉĞĚ ŵĂƌŬĞƚƐ͕ Ăůů ŝŶĚŝĐĞƐ ƚƌĞŶĚĞĚ ƐŽƵƚŚǁĂƌĚƐ͘ /Ŷ ƚŚĞ h^͕ ƚŚĞ ^ΘW ϱϬϬ ĂŶĚ E ^ Y ĚĞƉƌĞĐŝĂƚĞĚ ϲ͘ϲй ĂŶĚ ϲ͘ϰй tͲŽͲt ƌĞƐƉĞĐƟǀĞůLJ ĂƐ Ă ƌĞƐƵůƚ ŽĨ ĂŐŐƌĞƐƐŝǀĞ ƉƌŽĮƚ ƚĂŬŝŶŐ ďLJ ŝŶǀĞƐƚŽƌƐ ĂƐ ǁĞůů ĂƐ ƐƉĞĐƵůĂƟŽŶƐ ŽĨ ĂŶ ŝŶƚĞƌĞƐƚ ƌĂƚĞ ŚŝŬĞ ďLJ ƚŚĞ h^ &ĞĚ͘ ^ŝŵŝůĂƌůLJ͕ ƚŚĞ h< &d^ ϭϬϬ ǁĞĂŬĞŶĞĚ ϰ͘ϯй tͲŽͲt ĂƐ ŝŶǀĞƐƚŽƌƐ ƌĞĚƵĐĞĚ ĞdžƉŽƐƵƌĞ ƚŽ ĞƋƵŝƟĞƐ ŽŶ ƚŚĞ ďĂĐŬ ŽĨ ĞdžƉĞĐƚĂƟŽŶ ŽĨ Ă ƉŽƐƐŝďůĞ ŝŶƚĞƌĞƐƚ ƌĂƚĞ ŚŝŬĞ ďLJ ƚŚĞ ĂŶŬ ŽĨ ŶŐůĂŶĚ͘ ĐƌŽƐƐ ŵĂƌŬĞƚƐ ŝŶ ƚŚĞ Z/ ^ ĐůĂƐƐŝĮĐĂƟŽŶ͕ ƉĞƌĨŽƌŵĂŶĐĞ ǁĂƐ ĂůƐŽ ďĞĂƌŝƐŚ ĂƐ Ăůů ŝŶĚŝĐĞƐ ĚĞĐůŝŶĞĚ tͲŽͲt͘ ŚŝŶĂ͛Ɛ ^ŚĂŶŐŚĂŝ ŽŵƉŽƐŝƚĞ ĨĞůů ƚŚĞ ŵŽƐƚ͕ ĚŽǁŶ ϵ͘ϲй tͲŽͲt ĨŽůůŽǁŝŶŐ ƐĞůů ŽīƐ ŝŶ ďůƵĞ ĐŚŝƉ ƐƚŽĐŬƐ ĂŚĞĂĚ ŽĨ ƚŚĞ ŚŝŶĞƐĞ ŶĞǁ LJĞĂƌ ŚŽůŝĚĂLJ ŶĞdžƚ ǁĞĞŬ͘ dŚĞ ZƵƐƐŝĂ Zd^ ĨŽůůŽǁĞĚ ĐůŽƐĞůLJ͕ ĚŝƉƉŝŶŐ ϲ͘ϲй tͲŽͲt ŽŶ ƚŚĞ ďĂĐŬ ŽĨ ǁĞĂŬĞƌ Žŝů ƉƌŝĐĞƐ ĚƵƌŝŶŐ ƚŚĞ ǁĞĂŬ ĂƐ ǁĞůů ĂƐ ƐĞůů ƉƌĞƐƐƵƌĞ ĨƌŽŵ ŐůŽďĂů ŵĂƌŬĞƚƐ͘ ^ŝŵŝůĂƌůLJ͕ ^ŽƵƚŚ ĨƌŝĐĂ͛Ɛ &d^ ͬ:^ ^/ ĚĞƉƌĞĐŝĂƚĞĚ ϰ͘ϵй ĂƐ ƉŽůŝƟĐĂů ƚĞŶƐŝŽŶƐ ǁŝƚŚ ƌĞŐĂƌĚƐ ƚŽ ƚŚĞ ƌĞƐŝŐŶĂƟŽŶ ŽĨ WƌĞƐŝĚĞŶƚ ƵŵĂ͕ ŵŽƵŶƚ͘ /Ŷ ƚŚĞ ƐĂŵĞ ǀĞŝŶ͕ ƚŚĞ ƌĂnjŝů / Ks ^W ĂŶĚ /ŶĚŝĂ ^ ^ĞŶƐ ƐůŝĚ ϯ͘ϰй ĂŶĚ ϯ͘Ϭй tͲŽͲt ƌĞƐƉĞĐƟǀĞůLJ͘ dŚĞ ŐĞŶĞƌĂůůLJ ďĞĂƌŝƐŚ ƐĞŶƟŵĞŶƚ ĮůƚĞƌĞĚ ŝŶƚŽ ŵĂƌŬĞƚƐ ŝŶ ƵƌŽƉĞ ĂŶĚ ƐŝĂ ǁŝƚŚ ƚŚĞ͕ ,ŽŶŐ <ŽŶŐ , E' ^ E' ĨĂůůŝŶŐ ϵ͘ϲй ĂŐĂŝŶƐƚ ƚŚĞ ďĂĐŬĚƌŽƉ ŽĨ ƉƌŝĐĞ ĚĞĐůŝŶĞƐ ŝŶ ĞŶĞƌŐLJ ĂŶĚ ĮŶĂŶĐŝĂů ƐĞƌǀŝĐĞƐ ƐƚŽĐŬƐ ǁŚŝůĞ ƚŚĞ :ĂƉĂŶ EŝŬŬĞŝ ϮϮϱ ůŽƐƚ ϴ͘ϭй tͲŽͲt͘ >ŝŬĞǁŝƐĞ͕ 'ĞƌŵĂŶLJ͛Ɛ y ƐůŝĚ ϱ͘ϯй tͲŽͲt ǁŚŝůĞ &ƌĂŶĐĞ͛Ɛ ϰϬ ĐůŽƐĞĚ ŽƵƚ ƚŚĞ ŶĞŐĂƟǀĞ ƉĞƌĨŽƌŵĂŶĐĞ ǁŝƚŚ Ă ϱ͘Ϯй tͲŽͲt ĚĞĐůŝŶĞ͘ ^ĞŶƟŵĞŶƚ ŝŶ ƚŚĞ ĨƌŝĐĂŶ ŵĂƌŬĞƚƐ ǁĂƐ ĂůƐŽ ǁĞĂŬ ĂƐ Ăůů ŝŶĚŝĐĞƐ͕ ƐĂǀĞ ĨŽƌ 'ŚĂŶĂ͛Ɛ '^ ŽŵƉŽƐŝƚĞ ǁŚŝĐŚ ŐĂŝŶĞĚ ϯ͘ϰй tͲŽͲt ŽŶ ƚŚĞ ďĂĐŬ ŽĨ ƉŽƐŝƟǀĞ ĞdžƉĞĐƚĂƟŽŶƐ ĨŽƌ ĚŽŵĞƐƟĐ ŐƌŽǁƚŚ͕ ĐůŽƐĞĚ ŝŶ ƚŚĞ ƌĞĚ͘ dŚĞ EŝŐĞƌŝĂŶ ^/ ƐŚĞĚ ƚŚĞ ŵŽƐƚ͕ ĚŽǁŶ ϯ͘ϰй tͲŽͲt ŽŶ ƚŚĞ ďĂĐŬ ŽĨ ƐƵƐƚĂŝŶĞĚ ƉƌŽĮƚ ƚĂŬŝŶŐ ĚƵƌŝŶŐ ƚŚĞ ǁĞĞŬ ǁŚŝůĞ ŐLJƉƚ͛Ɛ 'y ;Ͳϭ͘ϭй tͲŽͲ tͿ ĂŶĚ <ĞŶLJĂ͛Ɛ E^ ϮϬ ;ͲϬ͘ϯй tͲŽͲtͿ ĂůƐŽ ƚƌĞŶĚĞĚ ƐŽƵƚŚǁĂƌĚƐ͘ tĞ ĞdžƉĞĐƚ ƚŚĞ ŵĂƌŬĞƚ ƚŽ ƌĞďŽƵŶĚ ŝŶ ƚŚĞ ĐŽŵŝŶŐ ǁĞĞŬ ĨŽůůŽǁŝŶŐ ƉŽƐŝƟǀĞ ĞdžƉĞĐƚĂƟŽŶƐ ĂŚĞĂĚ ŽĨ ƚŚĞ ĞĂƌŶŝŶŐƐ ƐĞĂƐŽŶ ŝŶ ƚŚĞ h< ĂŶĚ h^ ĂƐ ǁĞůů ĂƐ ŝŶǀĞƐƚŽƌƐ ďƵLJŝŶŐ ƚŚĞ ĚŝƉ͘
Monday, February 12, 2018
THISDAY AFRINVEST 40 INDEX Fundamental Performance Metrics for THISDAY AFRINVEST 40 Index
Ticker
THISDAY AFRINVEST 40
Current Price
Previous Current Price Weighting Change
Price Change YTD
Price Change Index to Date
ROE
ROA
P/E
P/BV
Divinden Earnings d Yield Yield
1,767.81
-1.49%
14.6%
76.8%
25.1%
7.9%
8.4x
1.2x
3.3%
1
Guaranty Trust Bank PLC
48.00
-2.0%
22.0%
17.8%
18.4%
26.0%
4.3%
10.0x
2.5x
4.3%
10.0% 10.0%
2
Zenith Bank PLC
30.90
-3.4%
13.7%
20.5%
19.2%
21.7%
3.2%
6.1x
1.3x
6.5%
16.4%
3
Nigerian Brew eries PLC
136.90
-0.4%
8.0%
1.5%
1.4%
18.9%
8.6%
33.7x
6.1x
2.6%
3.0%
1,360.00
-0.9%
6.1%
-12.6%
-12.6%
78.4%
19.0%
35.4x
23.4x
1.8%
2.8%
266.70
0.6%
6.3%
16.0%
16.0%
30.4%
15.7%
18.4x
5.3x
3.2%
5.4%
4
Nestle Nigeria PLC
5
Dangote Cement PLC
6
FBN Holdings Plc
12.00
-4.4%
6.6%
36.4%
36.5%
2.6%
0.3%
19.5x
0.7x
1.7%
5.1%
7
Access Bank PLC
11.95
-4.4%
4.5%
14.4%
12.7%
15.1%
2.0%
4.8x
0.7x
5.4%
20.7%
5.3x
0.9x
6.3%
19.0%
0.7x
3.1%
-17.6%
8
United Bank for Africa PLC
12.00
-2.8%
4.5%
16.5%
15.3%
17.2%
2.2%
9
Ecobank Transnational Inc
19.65
0.0%
3.3%
15.6%
20.8%
-14.6%
-1.3%
10
SEPLAT Petroleum Development C
685.00
0.0%
2.9%
9.4%
9.4%
-12.4%
-6.7%
46.00
2.1%
2.8%
10.8%
12.5%
28.7%
3.4%
10.6x
2.8x
1.3%
110.00
0.0%
2.4%
17.0%
17.0%
14.6%
5.6%
20.6x
2.9x
0.6%
4.8%
52.00
0.0%
1.7%
15.8%
15.8%
47.1%
9.8%
4.7x
7.9x
1.9%
21.5%
4.3%
35.2%
11
Stanbic IBTC Holdings PLC
12
Guinness Nigeria PLC
13
Lafarge Africa PLC
0.9x
-15.2% 9.4%
14
Fidelity Bank PLC
3.26
-3.6%
1.5%
32.5%
26.4%
8.0%
1.1%
2.8x
0.5x
15
Oando PLC
5.99
0.0%
1.1%
0.0%
0.0%
40.7%
4.2%
2.7x
0.6x
16
Dangote Sugar Refinery PLC
21.75
-0.9%
1.1%
8.8%
6.8%
43.2%
19.8%
8.5x
3.3x
2.3%
11.8%
17
Okomu Oil Palm PLC
72.50
0.0%
1.0%
7.1%
7.1%
37.4%
25.9%
9.7x
3.1x
2.1%
10.3%
18
Unilever Nigeria PLC
49.45
3.9%
1.2%
20.6%
23.0%
50.3%
8.4%
30.5x
11.6x
0.2%
3.3%
19
International Brew eries PLC
59.00
0.0%
0.7%
8.3%
7.3%
24.6%
7.4%
61.8x
14.1x
20
Flour Mills of Nigeria PLC
32.60
-1.2%
0.6%
12.4%
12.4%
13.1%
3.0%
6.8x
0.8x
2.8%
14.7%
21
Transnational Corp of Nigeria
2.14
0.9%
0.7%
46.6%
44.6%
19.6%
4.1%
8.6x
1.5x
22
UAC of Nigeria PLC
16.75
-2.6%
0.5%
-0.9%
-0.9%
6.3%
2.2%
10.7x
0.7x
23
Diamond Bank PLC
2.94
6.5%
0.9%
96.0%
87.3%
2.5%
0.3%
11.9x
0.3x
24
Total Nigeria PLC
230.00
0.0%
0.5%
0.0%
0.0%
37.3%
7.4%
8.6x
3.0x
25
FCMB Group Plc
37.0%
1.6%
11.7% 5.9%
9.3%
2.6%
11.7%
8.4%
2.79
1.1%
0.8%
76.6%
3.8%
0.6%
8.1x
0.3x
3.6%
12.4%
199.50
0.0%
0.4%
2.5%
2.5%
32.6%
12.0%
10.6x
2.9x
4.0%
9.4%
26
11 PLC
27
Forte Oil PLC
48.20
0.0%
0.5%
10.9%
14.8%
44.3%
3.7%
12.2x
5.4x
28
PZ Cussons Nigeria PLC
24.00
0.0%
0.4%
16.5%
13.5%
10.7%
5.0%
22.7x
2.3x
ŽŵĞƐƟĐ ƋƵŝƚLJ DĂƌŬĞƚ͗ E^ ^/ >ŽƐĞƐ ϯ͘ϰй tͲŽͲt ŽŶ ƚŚĞ ďĂĐŬ ŽĨ ^ĞůůͲKīƐ ĂĐƌŽƐƐ ^ĞĐƚŽƌƐ
29
Cadbury Nigeria PLC
14.80
-4.5%
0.3%
-5.6%
-5.1%
4.5%
1.6%
42.2x
2.5x
30
Presco PLC
70.00
0.0%
0.3%
2.2%
2.2%
42.9%
25.9%
3.4x
1.2x
2.1%
29.0%
dŚĞ ďĞĂƌŝƐŚ ƚƌĞŶĚ ǁŚŝĐŚ ďĞŐĂŶ ŝŶ ƚŚĞ ƉƌĞǀŝŽƵƐ ǁĞĞŬ ǁĂƐ ƐƵƐƚĂŝŶĞĚ ƚŚŝƐ ǁĞĞŬ ĂƐ ƚŚĞ ďĞŶĐŚŵĂƌŬ ŝŶĚĞdž ĨƵƌƚŚĞƌ ƐůŝĚ ϯ͘ϰй tͲŽͲt ƚŽ ƐĞƩůĞ Ăƚ ϰϯ͕ϭϮϳ͘ϵϮ ƉŽŝŶƚƐ ǁŚŝůĞ zd ƌĞƚƵƌŶ ŵŽĚĞƌĂƚĞĚ ƚŽ ϭϮ͘ϴй͘ ĐĐŽƌĚŝŶŐůLJ͕ ŝŶǀĞƐƚŽƌƐ ůŽƐƚ Eϱϰϭ͘ϵďŶ ŝŶ ǀĂůƵĞ ĂƐ ŵĂƌŬĞƚ ĐĂƉŝƚĂůŝnjĂƟŽŶ ĨĞůů ƚŽ Eϭϱ͘ϰƚŶ͘ ƐĞůů ŽīƐ ǁĞƌĞ ƌĞĐŽƌĚĞĚ ĂĐƌŽƐƐ ƐŵĂůů ƚŽ ůĂƌŐĞ ĐĂƉ ƐƚŽĐŬƐ ǁŝƚŚ ůŽƐƐĞƐ ŝŶ E' D͕ & E, ĂŶĚ 'h Z Edz ĂƐ ƚŚĞ ŵĂũŽƌ ĚƌĂŐƐ ƚŽ ƉĞƌĨŽƌŵĂŶĐĞ͘ ,ŽǁĞǀĞƌ͕ ĂĐƟǀŝƚLJ ůĞǀĞů ǁĂƐ ŵŝdžĞĚ ĂƐ ĂǀĞƌĂŐĞ ǀŽůƵŵĞ ƌŽƐĞ ϯϱ͘ϰй ƚŽ ϴϴϱ͘ϭŵ ƵŶŝƚƐ ǁŚŝůĞ ĂǀĞƌĂŐĞ ǀĂůƵĞ ĨĞůů ϭϯ͘ϴй ƚŽ Eϰ͘ϵďŶ dŚĞ ƚŽƉ ƚƌĂĚĞĚ ƐƚŽĐŬ ďLJ ǀŽůƵŵĞ ǁĞƌĞ ^d Z>/E' ;ϭ͘ϴďŶͿ͕ ^<z ;ϮϴϮ͘ŵŶͿ ĂŶĚ > ^ K ;Ϯϲϲ͘ϵŵŶͿ ǁŚŝůĞ ^d Z>/E' ;ϯ͘ϵďŶͿ͕ E/d, ;Ϯ͘ϮďŶͿ ĂŶĚ 'h Z Edz ;ϭ͘ϳďŶͿ ǁĞƌĞ ƚŚĞ ƚŽƉ ƚƌĂĚĞĚ ƐƚŽĐŬƐ ďLJ ǀĂůƵĞ͘
31
NASCON Allied Industries PLC
21.00
0.0%
0.3%
13.5%
9.3%
53.4%
18.1%
11.8x
5.4x
3.3%
8.5%
32
UPDC Real Estate Investment Tr
10.00
0.0%
0.3%
0.0%
0.0%
0.8x
7.2%
33
Union Bank of Nigeria PLC
8.25
0.0%
0.3%
5.8%
9.9%
5.6%
1.2%
34
Julius Berger Nigeria PLC
27.30
4.8%
0.3%
-2.5%
-2.5%
-12.2%
-1.2%
35
Sterling Bank PLC
6.1%
0.6%
dŚĞ ůů ^ŚĂƌĞ /ŶĚĞdž ƐƚĂƌƚĞĚ ƚŚĞ ǁĞĞŬ ŽŶ Ă ŶĞŐĂƟǀĞ ŶŽƚĞ ĂŶĚ ƚŚŝƐ ǁĂƐ ƐƵƐƚĂŝŶĞĚ Ɵůů ƚŚĞ ĞŶĚ ŽĨ ƚŚĞ ǁĞĞŬ͘ KŶ DŽŶĚĂLJ͕ ƚŚĞ ^/ ƐŚĞĚ ϰϱďƉƐ ŽŶ ĂĐĐŽƵŶƚ ŽĨ ůŽƐƐĞƐ ŝŶ ŵĂƌŬĞƚ ďĞůůǁĞƚŚĞƌƐ Ͳ E' D͕ h ĂŶĚ & E, Ͳ ĂŶĚ ĨƵƌƚŚĞƌ ǁĞĂŬĞŶĞĚ ϴϳďƉƐ ŽŶ dƵĞƐĚĂLJ ĨŽůůŽǁŝŶŐ ƐĞůů ŽīƐ ŝŶ ďĂŶŬŝŶŐ ƐƚŽĐŬƐ͕ ĞƐƉĞĐŝĂůůLJ E/d,͕ & E, ĂŶĚ 'h Z Edz͘ KŶ tĞĚŶĞƐĚĂLJ͕ ƚŚĞ ďĞŶĐŚŵĂƌŬ ŝŶĚĞdž ƐŚĂǀĞĚ ϳϳďƉƐ ŽŶ ƚŚĞ ďĂĐŬ ŽĨ ƉƌŽĮƚ ƚĂŬŝŶŐ ŝŶ E' D͕ E/' Z/ E Z t Z/ ^ ĂŶĚ ^d E / ǁŚŝůĞ ƉƌŝĐĞ ĚĞƉƌĞĐŝĂƟŽŶ ŝŶ ŽŶƐƵŵĞƌ ĂŶĚ ĂŶŬŝŶŐ ƐĞĐƚŽƌ ĐŽƵŶƚĞƌƐ ĚƌĂŐŐĞĚ ƚŚĞ ^/ ϰϵďƉƐ ůŽǁĞƌ ŽŶ dŚƵƌƐĚĂLJ͘ dŚĞ ŵĂƌŬĞƚ ĐůŽƐĞĚ ƚŚĞ ǁĞĞŬ ŝŶ ƚŚĞ ƌĞĚ͕ ĨĂůůŝŶŐ ϯϰďƉƐ ŽŶ &ƌŝĚĂLJ͖ ŚĞŶĐĞ Ă ĚĞĐůŝŶĞ ŽĨ ϯ͘ϰй ǁĂƐ ƌĞĐŽƌĚĞĚ tͲŽͲt͘ WĞƌĨŽƌŵĂŶĐĞ ĂĐƌŽƐƐ ƐĞĐƚŽƌƐ ǁĂƐ ďĞĂƌŝƐŚ ĂƐ Ăůů ŝŶĚŝĐĞƐ ĐůŽƐĞĚ ŝŶ ƚŚĞ ƌĞĚ͘ dŚĞ /ŶĚƵƐƚƌŝĂů 'ŽŽĚƐ ŝŶĚĞdž ůĞĚ ůĂŐŐĂƌĚƐ͕ ĚŽǁŶ ϯ͘ϱй ŽŶ ĂĐĐŽƵŶƚ ŽĨ ůŽƐƐĞƐ ŝŶ EE ;Ͳϲ͘ϵйͿ ĂŶĚ E' D ;Ͳϰ͘ϭйͿ͘ &ŽůůŽǁŝŶŐ ĐůŽƐĞůLJ ǁĂƐ ƚŚĞ ĂŶŬŝŶŐ ŝŶĚĞdž ǁŚŝĐŚ ƐŚĞĚ ϯ͘ϰй ĚƵĞ ƚŽ ƐĞůů ƉƌĞƐƐƵƌĞ ŽŶ ^<z ;Ͳ Ϯϱ͘ϮйͿ ĂŶĚ t D ;Ͳϭϰ͘ϬйͿ͘ ^ŝŵŝůĂƌůLJ͕ ƚŚĞ ŽŶƐƵŵĞƌ 'ŽŽĚƐ ŝŶĚĞdž ĨĞůů Ϯ͘ϲйŽŶ ĂĐĐŽƵŶƚ ŽĨ ƉƌŽĮƚ ƚĂŬŝŶŐ ŝŶ E ^d> ;Ͳϱ͘ϵйͿ ĂŶĚ E/' Z/ E Z t Z/ ^ ;Ͳϱ͘ϯйͿ ǁŚŝůĞ ƚŚĞ Kŝů Θ 'ĂƐ ĂŶĚ /ŶƐƵƌĂŶĐĞ ŝŶĚŝĐĞƐ ǁĞƌĞ ĚƌĂŐŐĞĚ ϭ͘ϯй ĂŶĚ Ϭ͘ϳй ůŽǁĞƌ ďLJ ƉƌŝĐĞ ĚĞƉƌĞĐŝĂƟŽŶ ŝŶ DK /> ;Ͳϳ͘ϲйͿ ĂŶĚ t W/ ;Ͳϭϰ͘ϳйͿ ƌĞƐƉĞĐƟǀĞůLJ͘ /ŶǀĞƐƚŽƌ ƐĞŶƟŵĞŶƚ ĂƐ ŵĞĂƐƵƌĞĚ ďLJ ŵĂƌŬĞƚ ďƌĞĂĚƚŚ ;ĂĚǀĂŶĐĞͬĚĞĐůŝŶĞ ƌĂƟŽͿ͕ ǁĞĂŬĞŶĞĚ ƐŝŐŶŝĮĐĂŶƚůLJ ƚŽ Ϭ͘ϯdž ĨƌŽŵ ϭ͘Ϯdž ƌĞĐŽƌĚĞĚ ƚŚĞ ƉƌĞǀŝŽƵƐ ǁĞĞŬ ĂƐ ϮϮ ƐƚŽĐŬƐ ĂĚǀĂŶĐĞĚ ƌĞůĂƟǀĞ ƚŽ ϲϯ ƐƚŽĐŬƐ ƚŚĂƚ ĚĞĐůŝŶĞĚ͘ dŚĞ ďĞƐƚ ƉĞƌĨŽƌŵŝŶŐ ƐƚŽĐŬƐ ĨŽƌ ƚŚĞ ǁĞĞŬ ǁĞƌĞ >/E< ^^hZ ;нϮϱ͘ϬйͿ͕ s ZdKE ;нϮϭ͘ϬͿ ĂŶĚ WZ ^d/' ;нϭϲ͘ϳйͿ ǁŚŝůĞ ,D Z</E^ ;ͲϮϳ͘ϭйͿ ^<z ;ͲϮϱ͘ϮйͿ ĂŶĚ hE/ ;ͲϮϭ͘ϳйͿ ůĞĚ ĚĞĐůŝŶĞƌƐ͘ ůƚŚŽƵŐŚ ƚŚĞ ŵĂƌŬĞƚ ĐůŽƐĞĚ ƚŚĞ ǁĞĞŬ ŶĞŐĂƟǀĞ͕ ǁĞ ĞdžƉĞĐƚ ƚŽ ƐĞĞ Ă ƌĞďŽƵŶĚ ĂƐ Ă ƌĞƐƵůƚ ŽĨ ďĂƌŐĂŝŶ ŚƵŶƟŶŐ ďLJ ŝŶǀĞƐƚŽƌƐ ĂƐ ǁĞůů ĂƐ ƉŽƐŝƟǀĞ ĞdžƉĞĐƚĂƟŽŶƐ ĨŽƌ ƚŚĞ ĨƵůů LJĞĂƌ ĞĂƌŶŝŶŐƐ ƐĞĂƐŽŶ͘
Afrinvest Securities Limited (RC 603 315) (A Dealing Member of the Nigerian Stock Exchange)
10.5x
4.4% 2.4%
0.5x
9.5%
1.4x
-8.4%
0.7x
8.1%
2.36
5.8%
0.5%
118.5%
108.8%
-1.2%
0.3%
31.3%
31.3%
61.6%
15.8%
5.2x
2.2x
4.9%
0.2%
-6.5%
-6.5%
61.2%
23.6%
4.2x
1.5x
12.4x
8.2% 2.1%
36
Dangote Flour Mills Plc
15.95
37
GlaxoSmithKline Consumer Niger
20.20
38
Chemical and Allied Products P
38.85
0.0%
0.2%
14.3%
8.8%
84.3%
38.5%
17.0x
11.9x
5.8%
5.9%
Beta Glass PLC
65.45
0.0%
0.1%
27.6%
27.6%
18.4%
11.9%
9.2x
1.6x
1.5%
10.8%
7.20
0.0%
0.1%
-0.1%
-0.1%
4.7%
2.8%
21.4x
1.0x
5.6%
4.7%
39 40
Transcorp Hotels Plc T o p 10 G a i n e r s T ic k er UN IT YB N K FO
19.4% 1.5%
T o p 10 T r a d e s b y V o l u m e
P ric e
P ric e C hg %
1.75
9.4%
SKYEB A N K
48.20
4.9%
T ic k er
Vo lum e
P ric e C hg %
149.6
4.9%
FB NH
51.8
-4.4% 6.5%
R OYA LEX
0.44
4.8%
D IA M ON D B N K
37.6
ST ER LN B A N K
2.23
4.7%
FCM B
36.9
1.1%
C A D B UR Y
15.50
4.4%
P R EST IGE
35.0
0.0% -3.6%
C UST OD IA N
4.17
4.3%
F ID ELIT YB K
30.4
LIN KA SSUR E
0.82
3.8%
T R A N SC OR P
27.7
0.9%
UC A P
4.32
3.6%
UB A
27.1
-2.8%
1.98
3.1%
A F R IN SUR E
22.5
4.8%
59.00
2.6%
ST ER LN B A N K
18.9
5.8%
P ric e
P ric e C hg %
SKYEB A N K
1.02
-8.9%
ST ER LN B A N K
H M A R KIN S
0.36
-5.3%
UB A
531.4
1.2%
1372.80
-5.0%
Z EN IT H B A N K
478.0
0.0%
D IA M ON D B N K
2.76
-4.8%
IN T B R EW
413.1
2.6%
A IIC O
0.80
-4.8%
FB NH
333.3
-1.6%
NA HCO
3.88
-4.7%
D A N GC EM
312.5
0.4%
M ULT IVER SE
0.42
-4.5%
NB
238.6
-3.2%
C OR N ER ST
0.43
-4.4%
A C C ESS
224.7
-0.4%
WA P IC
0.65
-4.4%
GUA R A N T Y
143.2
0.1%
J A P A ULOIL
0.44
-4.3%
SKYEB A N K
113.7
-8.9%
NP FM CRFB K IN T B R EW
T o p 10 T r a d e s b y V a l u e
T o p 10 L o s e r s T ic k er
N EST LE
23.9%
T ic k er
Value
P ric e C hg %
3839.5
4.7%
Investment Research
Brokerage Ayodeji Ebo | aebo@afrinvest.com
Robert Omotunde | romotunde@afrinvest.com
Bolaji Fajenyo | bfajenyo@afrinvest.com
Omotola Abimbola | oabimbola@afrinvest.com
41
˾ MONDAY, FEBRUARY 12, 2018
MARKET NEWS
CHI Share Price Offers Entry Opportunity to Investors Goddy Egene The share price of Consolidated Hallmark Insurance (CHI) Plc fell by 27 per cent to 35 kobo per share due to high sell pressure. However, market operators said the new price offers discerning investors a buy opportunity to invest in company that recently raised N500 million to boost its operations. Despite being a regular dividend paying firm, the share price had stagnated at
50 kobo, which its par value. However, the new pricing methodology of the Nigerian Stock Exchange (NSE), which allows stocks to fell below their par value, made the stock to decline to a record low of 35 kobo last week. But considering the future prospects of the company, market operators said the new price offers a good entry opportunity to investors. CHI Plc recently successfully raised N500 million from existing shareholders through a
A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return. An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the
Rights Issue. The right issue was the first time CHI would access the market 10 years after listing on the exchange. The Group Managing Director of CHI) Plc Mr. Eddie Efekoha, had called on shareholders to take advantage of the offer and continue to enjoy good returns on their investments in the future. According to him, the insurance firm has been paying dividend regularly over the years and would
floor of the Nigerian Stock Exchange. A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange. GUIDE TO DATA: Date: All fund prices are quoted in Naira as at 08-Feb-2018, unless otherwise stated.
continue to reward shareholders. He said the company had grown its gross premium from N1 billion to N6 billion and had paid a total of N1.1 billion in dividends. “As part of five year strategic plan, we need to raise capital. The Rights Issue is being done at a very discounted rate. We are offing it at 50 kobo but valuation has put the worth of shares above that offering price. We are using
the offer to say thank you to our existing investors for having remained with for the last 10 years. we need to say thank you by pricing it at par value,” Efekoha had said. The GMD said the funds would be used invest in opportunities they have identified. “Apart from other areas, the National Insurance Commission (NAICOM) is considering micro insurance, we believe as
a company that has been given licence to do general business, we have equally applied for a licence to do micro life. So for a start, that will be one of ways to apply this money. We are inching to grow our retail business. As part of our strategic plan, there are some businesses that are connected to what we do. We might talk about the life, there is equally health insurance, we are going into that as well,” the MD said.
Offer price: The price at which units of a trust or ETF are bought by investors. Bid Price: The price at which Investors redeem (sell) units of a trust or ETF. Yield/Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return. NAV: Is value per share of the real estate assets held by a REIT on a specific date.
DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS MUTUAL FUNDS / UNIT TRUSTS AFRINVEST ASSET MANAGEMENT LTD aaml@afrinvest.com Web: www.afrinvest.com; Tel: +234 1 270 1680 Fund Name Bid Price Offer Price Yield / T-Rtn Afrinvest Equity Fund N/A N/A N/A Nigeria International Debt Fund N/A N/A N/A ALTERNATIVE CAPITAL PARTNERS LTD info@acapng.com Web: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 Fund Name Bid Price Offer Price Yield / T-Rtn ACAP Canary Growth Fund 0.86 0.87 4.15% ACAP Income Funds 0.62 0.62 3.49% AIICO CAPITAL LTD ammf@aiicocapital.com Web: www.aiicocapital.com, Tel: +234-1-2792974 Fund Name Bid Price Offer Price Yield / T-Rtn AIICO Money Market Fund 100.00 100.00 16.15% ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund Name Bid Price Offer Price Yield / T-Rtn ARM Aggressive Growth Fund N/A N/A N/A ARM Discovery Fund N/A N/A N/A ARM Ethical Fund N/A N/A N/A ARM Money Market Fund 1.00 1.00 N/A AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Web: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-Rtn AXA Mansard Equity Income Fund 165.70 166.86 9.23% AXA Mansard Money Market Fund 1.00 1.00 15.64% CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-Rtn Chapelhill Denham Money Market Fund 100.00 100.00 N/A Paramount Equity Fund N/A N/A N/A Women's Investment Fund N/A N/A N/A CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com Web: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-Rtn Cordros Money Market Fund 100.00 100.00 15.69% CORONATION ASSEST MANAGEMENT investment@coronationam.com Web:www.coronationam.com , Tel: 012366215 Fund Name Bid Price Offer Price Yield / T-Rtn Coronation Money Market Fund 1.00 1.00 N/A Coronation Balanced Fund N/A N/A N/A Coronation Fixed Income Fund N/A N/A N/A FBN QUEST ASSET MANAGEMENT LTD invest@fbnquest.com Web: www.fbnquest.com; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-Rtn FBN Fixed Income Fund 1,171.61 1,172.78 2.07% FBN Heritage Fund 151.34 152.76 8.59% FBN Money Market Fund 100.00 100.00 15.20% FBN Nigeria Eurobond (USD) Fund - Institutional $114.33 $114.88 1.26% FBN Nigeria Eurobond (USD) Fund - Retail $114.31 $114.85 1.34% FBN Nigeria Smart Beta Equity Fund 192.58 195.45 12.77% FIRST CITY ASSET MANAGEMENT LTD fcamhelpdesk@fcmb.com Web: www.fcamltd.com; Tel: +234 1 462 2596 Fund Name Bid Price Offer Price Yield / T-Rtn Legacy Equity Fund 1.42 1.45 8.74% Legacy Debt Fund 2.92 2.92 1.50% FSDH ASSET MANAGEMENT LTD coralfunds@fsdhgroup.com Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Bid Price Offer Price Yield / T-Rtn Coral Growth Fund 3,185.14 3,232.89 6.93% Coral Income Fund 2,508.17 2,508.17 2.53% GREENWICH ASSET MANAGEMENT LIMITED assetmanagement@gtlgroup.com Web: www.gtlgroup.com ; Tel: +234 1 4619261-2 Fund Name Bid Price Offer Price Yield / T-Rtn Greenwich Plus Money Market Fund 100.00 100.00 15.63% INVESTMENT ONE FUNDS MANAGEMENT LTD enquiries@investment-one.com Web: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price Offer Price Yield / T-Rtn Abacus Money Market Fund 1.00 1.00 N/A Vantage Balanced Fund N/A N/A N/A Vantage Guaranteed Income Fund N/A N/A N/A Kedari Investment Fund (KIF) N/A N/A N/A
LOTUS CAPITAL LTD fincon@lotuscapitallimited.com Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund Name Bid Price Offer Price Yield / T-Rtn Lotus Halal Investment Fund N/A N/A N/A Lotus Halal Fixed Income Fund N/A N/A N/A MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com Web: http://www.meristemwealth.com/funds/ ; Tel: +234 1-4488260 Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Equity Market Fund 16.98 17.14 20.51% Meristem Money Market Fund 10.00 10.00 16.07% PAC ASSET MANAGEMENT LTD info@pacassetmanagement.com Web: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 Fund Name Bid Price Offer Price Yield / T-Rtn PACAM Balanced Fund 1.29 1.31 8.44% PACAM Fixed Income Fund 11.23 11.32 1.85% PACAM Money Market Fund 10.00 10.00 13.82% SCM CAPITAL LIMITED info@scmcapitalng.com Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-Rtn SCM Capital Frontier Fund 153.44 156.40 19.24% SFS CAPITAL NIGERIA LTD investments@sfsnigeria.com Web: www.sfsnigeria.com, Tel: +234 (01) 2801400 Fund Name Bid Price Offer Price Yield / T-Rtn SFS Fixed Income Fund 1.51 1.51 1.66% STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Balanced Fund 2,363.33 2,381.85 5.34% Stanbic IBTC Bond Fund 176.98 176.98 0.30% Stanbic IBTC Ethical Fund 1.09 1.10 8.42% Stanbic IBTC Guaranteed Investment Fund 225.39 225.50 2.36% Stanbic IBTC Iman Fund 188.41 190.42 5.17% Stanbic IBTC Money Market Fund 100.00 100.00 14.90% Stanbic IBTC Nigerian Equity Fund 10,430.87 10,573.17 7.87% Stanbic IBTC Dollar Fund (USD) 1.07 1.07 0.94% UNITED CAPITAL ASSET MANAGEMENT LTD unitedcapitalplcgroup.com Web: www.unitedcapitalplcgroup.com; Tel: +234 803 306 2887 Fund Name Bid Price Offer Price Yield / T-Rtn United Capital Balanced Fund 1.42 1.44 18.85% United Capital Bond Fund 1.59 1.59 16.71% United Capital Equity Fund 1.02 1.05 11.55% United Capital Money Market Fund 1.00 1.00 14.89% United Capital Eurobond Fund 103.54 103.54 8.26% United Capital Wealth for Women Fund 1.12 1.13 21.59% ZENITH ASSETS MANAGEMENT LTD info@zenith-funds.com Web: www.zenith-funds.com; Tel: +234 1-2784219 Fund Name Bid Price Offer Price Yield / T-Rtn Zenith Equity Fund 13.50 13.71 7.90% Zenith Ethical Fund 13.90 14.07 5.48% Zenith Income Fund 19.59 19.59 2.38%
REITS NAV Per Share
Yield / T-Rtn
10.00 133.35
-11.35% 0.67%
Bid Price
Offer Price
Yield / T-Rtn
12.63 164.50 123.09
12.73 168.12 125.42
4.19% 15.21% 12.68%
Fund Name FSDH UPDC Real Estate Investment Fund SFS Skye Shelter Fund
EXCHANGE TRADED FUNDS Fund Name Lotus Halal Equity Exchange Traded Fund SIAML Pension ETF 40 Stanbic IBTC ETF 30 Fund
VETIVA FUND MANAGERS LTD Web: www.vetiva.com; Tel: +234 1 453 0697 Fund Name Vetiva Banking Exchange Traded Fund Vetiva Consumer Goods Exchange Traded Fund Vetiva Griffin 30 Exchange Traded Fund Vetiva Industrial Goods Exchange Traded Fund Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund
funds@vetiva.com Bid Price
Offer Price
Yield / T-Rtn
5.82 9.91 19.83 23.10 152.41
5.86 9.99 19.93 23.30 154.41
22.69% 3.54% 11.62% 17.35% 2.57%
The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.
42
T H I S D AY ˾ MONDAY, FEBRUARY 12, 2018
CITYSTRINGS
Acting Features Editor Charles Ajunwa Email charles.ajunwa@thisdaylive.com
L-R: Chief Executive, Stanbic IBTC Bank, Dr. Demola Sogunle; lead speaker, Cobhams Asuquo; lead speaker, Member Feese; Chief Executive, Stanbic IBTC Holdings PLC, Mr. Yinka Sanni; lead speaker, Kechi Okwuchi; and Chairman, Stanbic IBTC Holdings Plc, Mr. Basil Omiyi, at the inaugural edition of the Stanbic IBTC Youth Leadership Series dubbed ‘Against The Odds’ held in Lagos…recently
Millennials Get Inspired Several youths were recently inspired at the inaugural edition of the Stanbic IBTC Youth Leadership Series in Lagos, writes Peter Uzoho
W
hat better way to inspire the young - a generation that believes so much in seeing and, by learning from people who have real life experiences in their plenty? They are more activated to act when they see role models share their life histories, especially telling those odd stories about them. More and more, the youths get challenged and determined to succeed when they hear people in similar age bracket with them tell their success stories after all the hard times nature presents. They immediately fall in love. They follow and, become ardent disciples of such people. And, they begin to reset their minds and change their ways of doing things, with a view to succeed. This played out at the inaugural edition of Stanbic IBTC Youth Leadership Series, held recently in Lagos, where the bank brought three exceptional Nigerians who survived different mishaps and became cynosures of all eyes. The Shell Hall of Muson Centre, Onikan, Lagos, was full to capacity. Attendance soared as if a blockbuster screen product was to be premiered. Youths from all walks of life, who were hungry for knowledge and real life experiences filled every corner of the hall. Some of them who had already known the speakers made sure they secured the best vantage position in order for them not to miss any bit of the discussion. Apart from the youths, college students, bankers, captains of industries, investors, and
the business community were in attendance. Ovation took an overdrive as audience clapped, shouted and waved hands in reception of these idols. The programme was intended to show young Nigerians the indomitable spirit and resilience of humans which will in turn energise them and ensure they remain disciplined, committed, and industrious as
Lead speakers, Kechi Okwuchi, a survivor of the ill-fated Sosoliso plane crash of December 2005; Member Feese, survivor of the United Nations Building Bomb blast in Abuja; and Cobhams Asuquo, a renowned music producer who was born blind, said if they could become role models by overcoming the grim challenges they faced, then nobody should give up the quest to succeed
they journey through life. By this, they would be able to exploit their talents creatively notwithstanding obstacles that may come their way. The Youth Leadership Series was tailored to serve as a platform to engage the youth through knowledge and experiences sharing, mentorship and guidance by resource persons to shield them from distraction by life’s challenges. Lead speakers, Kechi Okwuchi, a survivor of the ill-fated Sosoliso plane crash of December 2005; Member Feese, survivor of the United Nations Building Bomb blast in Abuja; and Cobhams Asuquo, a renowned music producer who was born blind, said if they could become role models by overcoming the grim challenges they faced, then nobody should give up the quest to succeed. Living up to its theme, ‘Against The Odds’, the forum provided a platform where these uncommon Nigerian youths spoke on the imperative of resilience, hard work and perseverance to achieve individual, corporate and national goals. In his welcome address, Chief Executive Officer of Stanbic IBTC Holdings Plc, Mr. Yinka Sanni, said underlining the youth empowerment motivational series is a mission by the organisation to inspire the youths, who he described as “the leaders of today”, not tomorrow, to strive to achieve their potential, regardless of the odds. The three lead speakers, he said, symbolised when people imbibe the evergreen cliché – ‘where there is a will, there is a way’. “The future of Nigeria and Africa is in the
hands of the youths and there is no better time to arouse and deepen their knowledge and entrepreneurial skills than now,” Sanni said. According to him, Stanbic IBTC is constantly exploring innovative ways of expanding the scope of its coverage and focus on the youth segment, otherwise known as the millennials, given the importance of the demography to national development, entrepreneurship drive and economic growth and development of the nation. “The Youth Leadership Series is tailored after the annual Stanbic IBTC Business Leadership Series, an annual event that facilitates the sharing of knowledge and information among local and international participants who are drawn from key sectors of the economy. “The overarching objective is to stimulate deeper engagements and outcomes for the sectors as well as unlock investment opportunities in the country,” he explained. The bank chief noted that the group decided it had become imperative for it to retool and re-strategise its efforts geared towards building the next generation of Nigerian leaders – the youths, in line with its commitment to growing that very important segment of the society. “The popular saying that children are the leaders of tomorrow, as cliché as it may sound, for us at Stanbic IBTC, we believe that the youths are the leaders of today and because we understand just how easily one can get distracted or discouraged by the different challenges we face in our lives. Our youths therefore need to be aptly and constantly guided, mentored, inspired and motivated,
41
T H I S D AY ˾ MONDAY, FEBRUARY 12, 2018
CITYSTRINGS The popular saying that children are the leaders of tomorrow, as cliché as it may sound, for us at Stanbic IBTC, we believe that the youths are the leaders of today and because we understand just how easily one can get distracted or discouraged by the different challenges we face in our lives. Our youths therefore need to be aptly and constantly guided, mentored, inspired and motivated, not just to attain their goals but in order for them to actualise their full potential Students of the Lagos Progressive Secondary School, Surulere,at the Stanbic IBTC Youth Leadership Series in Lagos
not just to attain their goals but in order for them to actualise their full potential. “Through the travails, experiences and achievements of these exceptional young individuals, in spite of the hard-knock life and the odds, we hope to inspire, motivate and provoke the can-do spirit of our youth community and imbibe in them the strength of character, and tenacity to never give up but to constantly aspire to attain their full potential in life,” Sanni added. In her discussion, Member Feese who lost her leg during the bomb blast in Abuja in 2011, said the grace of God and prayers of Nigerians made her stronger and more determined to live and succeed, saying the easier option would have been to live with the pain and trauma of the experience for the rest of her life. “The earliest I remember is on the 28th of December, 2011, when I regained full consciousness,” Feese said. She said while in the hospital, her case required a team of 20 specialist doctors working on her for months to save her life. Determined to continue pursuing her dream, less than two years after the bomb, she completed her dissertation and graduated from the Institute of Developmental Studies (IDS), in the United Kingdom. Feese who owns an NGO, TeamMember, which focuses on championing for improved services in hospitals in Nigeria, pledged to continue with her advocacy work to support and encourage people in similar situations. Recounting her ordeal after the accident, Okwuchi said she has undergone over 100 surgeries, including skin grafts, since the crash. But notwithstanding the anguish, loneliness and trauma she experienced, she refused to give up. She was determined to pull through it all. Indeed, she has defied the odd and is making waves to the admiration of all. “Finding the strength to do this thing is a surprise because I didn’t know I had it within me,” Okwuchi said. “Another huge part of my recovery was my support system. I live by a simple maxim now: “live more, love more, give more, pray more,” she noted. Her maxim encapsulates the aspirational spirit of the human being for success and greatness which has no doubt, helped push her to achieve successes even when the odds were stacked against her. On his part, Asuquo, the only blind child among seven siblings, said his condition gave him no choice than to live with it and find fulfillment. He said the first survival principle he learned early in life was “to negotiate,” which he said gave him the room to get what he lacked and to take control of his destiny. He acknowledged the strength in having a perfect sight, saying “I was faced with the looming possibility of failure in my life as I grew up.” Asuquo, however, stated that as a dreamer he was determined to succeed in life not withstanding his inherent handicap. “Fortunately for me, a lot of things I have
L-R: Lead speakers, Cobhams Asuquo; Member Feese; and Kechi Okwuchi, at the inaugural edition of the Stanbic IBTC Youth Leadership Series dubbed ‘Against The Odds’ held in Lagos
L-R: Executive Director, Personal and Business Banking, Stanbic IBTC Bank, Mr. Babatunde Macaulay; Chief Executive, Stanbic IBTC Bank, Dr. Demola Sogunle; Chairman, Stanbic IBTC Holdings Plc, Mr. Basil Omiyi; and Chief Executive, Stanbic IBTC Holdings PLC, Mr. Yinka Sanni; at the inaugural edition of the Stanbic IBTC Youth Leadership Series dubbed ‘Against The Odds’
dreamt about in my life have come true because I do not excuse failure,” he noted. He urged people to always bring something to the table, stressing that “nobody owes you anything. You must work until nobody sees your disability. What they will see is your ability and contributions to society. Your disability simply disappears,” he said. Asuquo is the CEO of CAMP (Cobhams Asuquo Music Productions), and has four officially released singles to his name. A common thread with these three is their ability to find that inner strength so
often missing in many, especially when faced with a challenge. Focus, hard work, learning, trust, and a strong desire to be relevant are key attributes that define these three enterprising youth. These are attributes cherished by Stanbic IBTC and which the financial institution hopes to unleash in the youth through the youth leadership series. The bank has over the years courted and supported the youth segment through exposure, sponsorships and financial support. The Business Leadership series (SBLS) organised by the bank, after which the
Youth Leadership Series is patterned, has consistently featured young people, such as rocket scientist, motivational speaker and innovator Siyabulela Xusa, who was 25 years in 2015 when he headlined the SBLS. It has also featured Vusi Thembekwayo, a South African entrepreneur and business speaker who was 28 years when he featured on the programme. Stanbic IBTC also sponsored TechCabal Battlefield, a showcase of technology startups promoted by young budding entrepreneurs, among many other youth-centric initiatives.
T H I S D AY ˾ ͯͰ˜ ͰͮͯͶ
44
FUEL DISTRIBUTION TO FILLING STATIONS ON FEBRUARY 7, 2018 ADAMAWA STATE DAILY DISPATCH TO FILLING STATIONS DATE: FEBRUARY,2018 DATE OF S/N LOADING
MARKETER'S DETAILED ADDRESS
DELIVERY/ WAYBILL/ METER MARKETER/ STATION CODE NO. TICKET NO
VOLUME (LTRS)
TRUCK NO. PRODUCT
DISPATCH PLOT/STREET/ROAD NUMBER & DEPOT NAME
LGA
MARKETERS' DEPOT REP
ZONE
TELEPHONE NO
NAME
STATE
TRUCK DRIVER TELEPHONE NO3
NAME2
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18
NNPC RETAIL
62800
170909
45,000 JMT64YM
PMS
YOLA
YOLA
N/E
ADAMAWA ABUBAKAR 8062247197 IBRAHIM
2
07-Feb-18
AL-HABAF
22
6E+09
40,000 JMT117YR PMS
YOLA
GOMBI
N/E
ADAMAWA IFREM
3
07-Feb-18
ALLAS NIG
185
6E+09
45,000 JMT406YR PMS
YOLA
DEMSA
N/E
ADAMAWA
AUWAL
8037132730
4
07-Feb-18
KTIHA GLO
962
5780
45,002 JMT942YR PMS
YOLA
MUBI
N/E
ADAMAWA SALISU
7036178064 ZAKARI
8132336003
DISPATCHED
5
07-Feb-18
GUMNA MAYAMBAWA 86
5747
45,000 JMT594YR PMS
YOLA
GUYUK
N/E
ADAMAWA IFREM
7030889806 MOH'D
7067872021
DISPATCHED
6
07-Feb-18
HALALIYA OIL
30623
40,000 JJJ800XQ
YOLA
MUBI
N/E
ADAMAWA NIL
NIL
ALIYU
8133369898
DISPATCHED
7
07-Feb-18
A.M KUDI
66
31541
40,000 FUR343XA PMS
YOLA
NUMAN
N/E
ADAMAWA NIL
NIL
BELLO
8
07-Feb-18
A.A ALHAGARI
888
47634
40,000 YLA394XM PMS
YOLA
FUFORE
N/E
ADAMAWA DAN AZUMI 8034627592 IBRAHIM
9
07-Feb-18
352
PMS
8037395034
DISPATCHED
7030889806 ABUBAKAR 7068282120
DISPATCHED DISPATCHED
7060494294
DISPATCHED
7037981788
DISPATCHED
A.A ALHAGARI
889
47633
40,000 YLA393XM PMS
YOLA
GOMBI
N/E
ADAMAWA DAN AZUMI 8034627592 DANLAMI
8033932867
DISPATCHED
10 07-Feb-18
A.A SALISU
40
1984
50,000 JJJ112XA
PMS
YOLA
NUMAN
N/E
ADAMAWA IFREM
7030889806 DALHATU
8066986998
DISPATCHED
11 07-Feb-18
FORTE OIL
60080748 60080748
45,000 ABG529XA PMS
YOLA
YOLA
N/E
ADAMAWA NIL
NIL
8188129648
DISPATCHED
YAKUBU
475,002
AKWA IBOM STATE DAILY DISPATCH TO FILLING STATIONS FOR FEBRUARY, 2018 DELIVERY /WAYBILL METER DATE OF /CODE TICKET NO. NO S/N LOADING MARKETER/ STATION
MARKETER'S DETAILED ADDRESS
VOLUME (LTRS)
TRUCK NO. PRODUCT
DISPATCH DEPOT
PLOT/STREET/ROAD NUMBER & NAME
LGA
MARKETERS' DEPOT REP
ZONE
STATE
NAME
TELEPHONE NO
TRUCK DRIVER
NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18 COINOIL
100167
33,000 XM 695 KSF PMS
CALABAR
CONOIL F/S, IKOT EKPENE
SOUTH-SOUTH AKWA IBOM ALABA, O
8086922349
DISPATCHED
2
07-Feb-18 DAN-DOLLARS
477544
30,000 BRR 11 XA
CALABAR
2 IKOT EKPENE ROAD, UYO
SOUTH-SOUTH AKWA IBOM
OTOBONG 8064119575
DISPATCHED DISPATCHED
PMS
8023901569
DAVID
3
07-Feb-18 ELASU
477547
30,000 CAL 690 XA PMS
CALABAR
NUNG ATAI ETE ROAD, OKOBO
SOUTH-SOUTH AKWA IBOM
ABDULAHI 8027660997
4
07-Feb-18 EMINENCE
465870
33,000 XC 344 KTE PMS
CALABAR
LIBAKA ENWANG EPRESS, ORON
SOUTH-SOUTH AKWA IBOM
GODWIN
7068614022
DISPATCHED
5
07-Feb-18 EMSSET
477535
30,000 TKP 696 XA PMS
CALABAR
375 NWANIBA ROAD, UYO
SOUTH-SOUTH AKWA IBOM
KAMILU
8036506295
DISPATCHED DISPATCHED
6
07-Feb-18 J.O MBENBENG
477501
30,000 AKP 147 XA PMS
CALABAR
MBO EXPRESS, IBAKA
SOUTH-SOUTH AKWA IBOM
LAGOS
8062685433
7
07-Feb-18 NNPC RETAIL LTD
84294
33,000 AYB 682 XA PMS
CALABAR
RETAIL OUTLET, UYO MAIN, UYO
SOUTH-SOUTH AKWA IBOM DUMKAH, N 8036735041
JAMES
7015401570
DISPATCHED
8
07-Feb-18 TOTAL
32280
33,000 UMA 98 YW PMS
CALABAR
IKOT EKPENE ROAD, UYO
SOUTH-SOUTH AKWA IBOM AKPAN I.F
LINUS
8184371476
DISPATCHED
9
07-Feb-18 OBIKASON
22383
25033
40,000 XA 740 CAL PMS
HTT
OBIKASON F/S ALONG IDORO RD UYO
N/A
S/S
AKWA IBOM
PAULINUS 7032877101
DISPATCHED
10 07-Feb-18 ECKON OIL
22387
25040
40,000 FST 968 XD
PMS
HTT
ECKON OIL F/S ALONG ORON RD IKOT EKPENE N/A
S/S
AKWA IBOM
ADAMU
8063608055
DISPATCHED
S/S
8084036886
DISPATCHED
11 07-Feb-18 HERITAGE GAS & CHEM22362
25010
15,000 XW 106 ENU PMS
HTT
HERITAGE GAS & CHEM LTD F/S AL. MECH. VILL.N/A
12 07-Feb-18 HYCOPET NIG.
31428
33,000 LND 841 XQ PMS
MAINLAND
HYCOPET STATION, IWAK MBO-ORON ROAD
33746
8033536793
AKWA IBOM
ORON
OKEY
AKWA IBOM FELIX
0706-626-7616 ISAAC
0703-187-2278 DISPATCHED
13 07-Feb-18 PEATBON
0101425
33,000 TTU 141 XA PMS
NORTHWEST PEATBON FILLING STATION/90, GRACE BILL ROAD
AKWA IBOM
14 07-Feb-18 SUEZ OIL
0101441
33,000 UML 372 XN PMS
NORTHWEST SUEZ FILLING STATION/47, ETEBI UDONG, AFAHA
AKWA IBOM
DISPATCHED
15 07-Feb-18 JAVIC JASUTH
0101442
33,000 BRA 146 XA PMS
NORTHWEST JAVIC JASUTH FILLING STATION/#49, ODORENEN
AKWA IBOM
DISPATCHED
DISPATCHED
16 07-Feb-18 WELLUP COMPANY
0101437
33,000 APP 571 XB PMS
NORTHWEST WELLUP FILLING STATION
AKWA IBOM
DISPATCHED
17 07-Feb-18 PIRANA PET
0101426
33,000 UWN 141 ZL PMS
NORTHWEST PIRANA FILLING STATION/OBOT IDIM, AFAHA ATAI
AKWA IBOM
DISPATCHED
18 07-Feb-18 E. OKON
0101433
33,000 XX 844 PHC PMS
NORTHWEST E. OKON FILLING STATION/41B, UMUAHIA ROAD
AKWA IBOM
DISPATCHED
19 07-Feb-18 ELASU
0101428
33,000 KSF 574 XR PMS
NORTHWEST ELASU FILLING STATION/NUNG ATAETA
AKWA IBOM
DISPATCHED
20 07-Feb-18 UWOHAGU
0101446
33,000 FGG 459 XQ PMS
NORTHWEST UWOHAGU FILLING STATION/NTO MKPO
AKWA IBOM
DISPATCHED
21 07-Feb-18 ECOBA
0101430
33,000 PBT 98 XD
NORTHWEST ECOBA FILLING STATION/ABA - IKOT ABASI ROAD
AKWA IBOM
DISPATCHED
22 07-Feb-18 EXPI BROS
0101421
33,000 MUS 818 XL PMS
NORTHWEST EXPI BROS FILLING STATION/NUNG UDOE ROAD
AKWA IBOM
DISPATCHED
23 07-Feb-18 ROMACO
0101431
33,000 AAA 596 XL PMS
NORTHWEST ROMACO FILLING STATION/171, ORON ROAD
AKWA IBOM
DISPATCHED
24 07-Feb-18 PABE OIL
0101440
33,000 XE 903 SSM PMS
NORTHWEST PABE FILLING STATION/16, ABAK ROAD
AKWA IBOM
DISPATCHED
PMS
776,000
ANAMBRA STATE DAILY DISPATCH TO FILLING STATIONS DATE: 01.01.2018 DELIVERY/ DATE OF WAYBILL/ METER S/N LOADING MARKETER/ STATION CODE NO. TICKET NO
MARKETER'S DETAILED ADDRESS
VOLUME (LTRS)
TRUCK NO.
PRODUCT
DISPATCH DEPOT
PLOT/STREET/ROAD NUMBER & NAME
LGA
MARKETERS' DEPOT REP
ZONE
STATE
NAME
TRUCK DRIVER
TELEPHONE NO NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18 SKYTWINS
00123
2.018E+09
45,001 EKY 911 XN
PMS
ABA
Km.100 Onitsha/Owerri Rd Umunaji ONITSHA
AN20
NIL
DISPATCHED
2
07-Feb-18 Airtight
0554
2746
60,000 GGE 796 XS
PMS
ENUGU
Igwe Orazie Rd Otolo Nnewi
Nnewi
South East ANAMBRA Edu
08061582023 N/A
N/A
DISPATCHED
3
07-Feb-18 NNPC Mega
8850
8850
40,001 UBJ 486 XA
PMS
ENUGU
Along Umudede Village Igboukwu
N/A
South East ANAMBRA Mrs Oti
08036663650 N/A
N/A
DISPATCHED
4
07-Feb-18 Omile Ventures
1237
1529
40,000 FGG 219 YQ
PMS
ENUGU
Abatete-Oraukwu Rd Abatete
Idemili
South East ANAMBRA Ifeanyi
08064005121 N/A
N/A
DISPATCHED
5
07-Feb-18 Total
9920
6897
44,998 EKY 718 XU
PMS
ENUGU
Enugu-Onitsha Exp Awka/Enugu Rd
Onitsha
South East ANAMBRA Igwe
08035764031 N/A
N/A
DISPATCHED
6
07-Feb-18 Christee Investment 1837
0853
50,000 FGG 556 YG
PMS
ENUGU
Onitsha-Enugu Old Rd Nkpor Junction Idemili
South East ANAMBRA Ify
08063454320 N/A
N/A
DISPATCHED
7
07-Feb-18 Danak Industry
4137
6099
50,000 ACA 326 ZP
PMS
ENUGU
Onitsha-Owerri Rd Onitsha
Onitsha
South East ANAMBRA Nnamdi
08033215211 N/A
N/A
DISPATCHED
8
07-Feb-18 Alpha Bykeez
6253
1488
50,000 FST 687 XS
PMS
ENUGU
Ezeiweka Rd Obosi Idemili
Idemili
South East ANAMBRA Chuks
08037046154 N/A
N/A
DISPATCHED
9
07-Feb-18 Dwell Pet
7613
2989
40,000 AYB 232 XA
PMS
ENUGU
67 Bida Rd Onitsha
Onitsha
South East ANAMBRA Chuks
08037046154 N/A
N/A
DISPATCHED
10 07-Feb-18 Ije Pet
4115
6043
45,000 ABN 131 YP
PMS
ENUGU
Nkpor-Umuoji Rd Nkpor
Idemili
South East ANAMBRA Igwe
07061644644 N/A
N/A
DISPATCHED
11 07-Feb-18 Chipet Int'l
5312
8541
45,000 AJL 745 XD
PMS
ENUGU
Km 3 Onitsha-Enugu Exp way
Onitsha
South East ANAMBRA Beneth
08035079545 N/A
N/A
DISPATCHED
12 07-Feb-18 Gods Decision
4139
6095
45,000 JJT 161 YH
PMS
ENUGU
50/51 Ekwulobia-Oko Rd Umunze
Orumba
South East ANAMBRA Ken
07039492186 N/A
N/A
DISPATCHED
13 07-Feb-18 Hariz Pet
4696
4696
45,000 DNG 178 XA
PMS
ENUGU
Km 4 Enugu-Onitsha Old Rd Nkpor
Idemili
South East ANAMBRA Ify
08063454320 N/A
N/A
DISPATCHED
14 07-Feb-18 Hariz Pet
4695
9751
45,000 FGG 72 ZD
PMS
ENUGU
Km 2 Enugu-Onitsha Exp Rd Onitsha Onitsha
South East ANAMBRA Ify
08063454320 N/A
N/A
DISPATCHED
15 07-Feb-18 Aha U Ventures
4679
9756
45,000 BDG 104 XP
PMS
ENUGU
Km 5 Ekwulobia-Awka Rd, Orumba
South East ANAMBRA Obinna
08035238370 N/A
N/A
DISPATCHED
Orumba
ANAMBRA MAXWELL
NIL
IK
45
T H I S D AY ˾ MONDAY FEBRUARY 12, 2018
FUEL DISTRIBUTION TO FILLING STATIONS ON FEBRUARY 7, 2018 ANAMBRA STATE CONT’D DAILY DISPATCH TO FILLING STATIONS DATE: 01.01.2018
MARKETER'S DETAILED ADDRESS
DELIVERY/ DATE OF WAYBILL/ METER S/N LOADING MARKETER/ STATION CODE NO. TICKET NO
VOLUME (LTRS)
TRUCK NO.
DISPATCH DEPOT
PRODUCT
PLOT/STREET/ROAD NUMBER & NAME
LGA
MARKETERS' DEPOT REP
ZONE
STATE
NAME
TRUCK DRIVER
TELEPHONE NO3
TELEPHONE NO NAME2
REMARKS
16 07-Feb-18 Aha U Ventures
1242
7243
45,000 ENU 982 XD
PMS
ENUGU
Km 5 Awka-Ekwlobia Exp-way, Nanka Orumba
South East ANAMBRA Obinna
17 07-Feb-18 JUHEL NIG LTD
22368
25023
45,000 EKY 676 XT
PMS
HTT
Juhel Nig Ltd F/S Nnpc Depot Enugu N/A
S/E
18 07-Feb-18 FRANK GILLY
044393
0041583
33,000 XB 389 WER
PMS
SHORELINK Frank Gilly F/S,Ihiala
Ihiala
ANAMBRA IHIALA
DISPATCHED
19 07-Feb-18 FRANK GILLY
044394
0041578
45,000 XD 793 ABC
PMS
SHORELINK Frank Gilly F/S,Ihiala
Ihiala
ANAMBRA IHIALA
DISPATCHED
20 07-Feb-18 FRANK GILLY
044395
0041581
45,000 XA 111 ABT
PMS
SHORELINK Frank Gilly F/S,Ihiala
Ihiala
ANAMBRA IHIALA
DISPATCHED
21 07-Feb-18 FRANK GILLY
004396
0041582
45,000 WER 19 ZZ
PMS
SHORELINK Frank Gilly F/S,Ihiala
Ihiala
ANAMBRA IHIALA
DISPATCHED
22 07-Feb-18 FRANK GILLY
044398
0041584
33,000 RLU 145 XA
PMS
SHORELINK Frank Gilly F/S,Ihiala
Ihiala
ANAMBRA IHIALA
DISPATCHED
08035238370 N/A
ANAMBRA
UCHE
N/A
DISPATCHED
8037383674
DISPATCHED
BAUCHI STATE DAILY DISPATCH TO FILLING STATIONS: FEBRUARY, 2018
DATE OF S/N DISPATCH
DELIVERY/ WAYBILL/ CODE NO.
MARKETER/ STATION
MARKETER'S DETAILED ADDRESS
METER TICKET NO
VOLUME (LTRS)
TRUCK NO. PRODUCT
DISPATCH DEPOT
PLOT/STREET/ROAD NUMBER & NAME
MARKETERS' DEPOT REP
LGA
ZONE
STATE
TRUCK DRIVER
TELEPHONE NO
NAME
NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18 Futuk and Sons
22397
22397
40,000 MKA 252 ZU PMS
GOMBE
NW
BAUCHI Sadisu M.A
8028377994 ADAMU
8022888989 DISPATCHED
2
07-Feb-18 Al Ihsan
600003058
600003058
60,000 KBT 336 XA PMS
GOMBE
NW
BAUCHI Sule A.P
8136311518 KURUEL
8033914877 DISPATCHED
3
07-Feb-18 NNPC Retail
170774
40,000 DKA953ZP
PMS
KANO
Sheyusbab s/s azare town bau
KATAGUM N/WEST BAUCHI Bilyaminu
8062200277 MUSA
8062003873 DISPATCHED
4
07-Feb-18 Total Nig Plc
3124767364 3124767364
59,999 TRN481ZG
PMS
KANO
Baba Madu Baba Pet S/S Bau
BAUCHI
N/WEST BAUCHI Najeb
8060008579 YUSIF
8037714642 DISPATCHED
5
07-Feb-18 IDM Makole Nig
724
724
45,000 RRN492XA PMS
KANO
Idm Makole S/S Km 1 Udubu Azare Rd Gamawa Bau GAMAWA N/WEST BAUCHI Abdul
8024429175 ANAS
8162028957 DISPATCHED
6
07-Feb-18 Awajil Global
94806
94806
40,000 KTG216YG
PMS
KANO
Awajil S/S Misau Bau
MISAU
N/WEST BAUCHI Adamu
8035693311 MUHD
8.0303E+10
7
07-Feb-18 Jokolom Oil
49722
49722
40,000 KWA201XA PMS
KANO
Jokolom S/S Ningi Rd Nasaru Bau
NASARU
N/WEST BAUCHI Sanusi
805044799
7030643252 DISPATCHED
8
07-Feb-18 A.U Bawuro
74450
74450
50,000 KTG25YG
PMS
KANO
A.U Bawuro S/S Old Kn Rd Azare Bau
KATAGUM N/WEST BAUCHI Bello
8036895400 MUKTAR
8039182474 DISPATCHED
9
07-Feb-18 Bamanga Oil
912395
912395
66,000 GZA219XA
PMS
KANO
Bamanga S/S Easthern Bypass Bau
BAUCHI
N/WEST BAUCHI Auwalu
8038752442 BUBA
8023622516 DISPATCHED
BAUCHI
N/WEST BAUCHI Auwalu
8038752442 ABBA
7067116400 DISPATCHED
8035659763 MUHD
8028004889 DISPATCHED
8063384431 MUSA
703113441
170774
10 07-Feb-18 Bamanga Oil
912898
912898
40,000 MAG985XA PMS
KANO
Bamanga S/S Easthern Bypass Bau
11 07-Feb-18 Hamuja Nig
74558
74558
40,000 KTN400XA
PMS
KANO
Hamuja S/S Jamaare Bau
JAMAARE N/WEST BAUCHI Haruna
12 07-Feb-18 J.I Zakirai Gen
47728
47728
40,000 BBR121XA
PMS
KANO
J.I Zakirai S/S Itas Gadau Bau
ITAS
N/WEST BAUCHI Usaini
BAANA
DISPATCHED
DISPATCHED
560,999
BORNO STATE DAILY DISPATCH TO FILLING STATIONS DATE: 01.02.2018 DATE OF S/N LOADING
MARKETER/ STATION
DELIVERY/ WAYBILL/ CODE NO.
MARKETER'S DETAILED ADDRESS
METER TICKET VOLUME NO (LTRS)
TRUCK NO.
PRODUCT
DISPATCH DEPOT
PLOT/STREET/ROAD NUMBER & NAME
LGA
MARKETERS' DEPOT REP
ZONE
NAME
STATE
TELEPHONE NO
TRUCK DRIVER
NAME2
TELEPHONE NO3
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
7-Feb-18
A.I.G THLANGWI
31373
2
7-Feb-18
BIU OIL
6000002953 6000002953
31373
40,000 JMT 663 YR
PMS
GOMBE
NW
BORNO MOHD A. ABSAI 7055603094 ABUBAKAR
8068189729
40,000 GWA 360 YA
PMS
GOMBE
NW
BORNO JOCOB YAKUBU 8030648993 MUH,D
7066799216 8032328772
3
7-Feb-18
NNPC RETAIL
7000061937 329088
59,999 NGL 43 XA
PMS
MAIDUGURI MEGA ST. DAMBOA RD, MAIDUGURI
BORNO KAKA
8033109680 BA'ABA
4
7-Feb-18
NNPC RETAIL
7000061207 328931
45,004 KWY 48 XA
PMS
MAIDUGURI NNPC AFF. BAR BEACH LAGOS STREET, M/GURI
BORNO KAKA
8033109680 MOH'D
8066461135
5
7-Feb-18
A.A BAFFA & SONS
52820
45,000 HWL 105 XA
PMS
MAIDUGURI A.A BAFFA S/S AIRPORT RD, MAIDUGURI
BORNO MOH'D
8065656681 GAYJAI
8139565321
49724
6
7-Feb-18
ABADAM LOGISTICS 52878
47687
45,000 DKW 399 XA
PMS
MAIDUGURI MASIDA S/S DAMBOA RD, MAIDUGURI
BORNO RAMAT
8039620923 BABA
8062739329
7
7-Feb-18
GADE-GADE
3348755
15,000 KMC 455 ZV
PMS
MAIDUGURI ASAIJA OIL S/S KANO RD, MAIDUGURI
BORNO ABBA ALAJI
8032862466 ABUBAKAR
8028894422
8
7-Feb-18
30,000
PMS
MAIDUGURI U.I DANDADA S/S BAGA RD, MAIDUGURI
BORNO
9
7-Feb-18
50,000 BAU05ZL
PMS
YOLA
BORNO NIL
NIL
8148069917
ZIRA OIL
303
52
6000002958
BAYO
N/E
AUTA
370,003
CROSS RIVER STATE DAILY DISPATCH TO FILLING STATIONS DATE: 01.01.2018 DELIVERY/ DATE OF WAYBILL/ S/N LOADING MARKETER/ STATION CODE NO.
METER TICKET NO
MARKETER'S DETAILED ADDRESS
VOLUME (LTRS)
TRUCK NO. PRODUCT
DISPATCH DEPOT
PLOT/STREET/ROAD NUMBER & NAME
LGA
MARKETERS' DEPOT REP
ZONE
STATE
NAME
TELEPHONE NO
TRUCK DRIVER
NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18 COINOIL
100121
33,000 XH 917 PHC PMS
CALABAR
M/M HIGHWAY, CALABAR
SOUTH-SOUTH CROSS RIVER ALABA, O
8023901569
ITOHOWO
7065728756 DISPATCHED
2
07-Feb-18 COINOIL
100169
33,000 AWK 472 YF PMS
CALABAR
M/M HIGHWAY, CALABAR
SOUTH-SOUTH CROSS RIVER ALABA, O
8023901569
IBRAHIM
8133492923 DISPATCHED 8039374716 DISPATCHED
3
07-Feb-18 DALIJEN
477538
30,000 SMK 717 XG PMS
CALABAR
OVOUMO, OBUBRA,
SOUTH-SOUTH CROSS RIVER
ADAMU
4
07-Feb-18 EFFECTIVEWILL
465895
30,000 XU 275 SMK PMS
CALABAR
AWI ROAD, AKAMKPA
SOUTH-SOUTH CROSS RIVER
OTOBONG
8166251427 DISPATCHED
5
07-Feb-18 EMSA
465939
30,000 KTU 646 XM PMS
CALABAR
CAL-ITU ROAD, OKURIKANG
SOUTH-SOUTH CROSS RIVER
AMINU
8031358913 DISPATCHED
6
07-Feb-18 FORTE OIL
94356
33,000 JRV 619 XA
PMS
CALABAR
9 OGOJA ROAD F/S, OBUDU
SOUTH-SOUTH CROSS RIVER FRED. O
7
07-Feb-18 GIMPEX
477542
30,000 BJE 36 XA
PMS
CALABAR
9 JEBBS ROAD, CALABAR
SOUTH-SOUTH CROSS RIVER
7033236856
SAIDU
8163579422 DISPATCHED
EFFIOM
8092570858 DISPATCHED
8
07-Feb-18 IGWET
477573
30,000 CAL 620 XA
PMS
CALABAR
OKUKU ABAKALIKI ROAD, YALA
SOUTH-SOUTH CROSS RIVER
NDANASABE 8039239938 DISPATCHED
9
07-Feb-18 MOBIL
68460
33,000 UBJ 44 XA
PMS
CALABAR
M/M HIGHWAY, CALABAR
SOUTH-SOUTH CROSS RIVER CHRIS ESSAH 8030938876
CLEMENT
8.0588E+10
10 07-Feb-18 MRS OIL
54833
33,000 XZ 866 EPE
PMS
CALABAR
74 MAYNE AVENUE, CALABAR
SOUTH-SOUTH CROSS RIVER OKOYE, C
UDEME
8137576709 DISPATCHED
11 07-Feb-18 MRS OIL
54832
33,000 CKK 146 XA PMS
CALABAR
MISSION ROAD, OGOJA
SOUTH-SOUTH CROSS RIVER OKOYE, C
8075191736
BALI
7066002662 DISPATCHED
12 07-Feb-18 MRS OIL
54831
33,000 XL 182 AKD
PMS
CALABAR
110 M/M HIGHWAY, CALABAR
SOUTH-SOUTH CROSS RIVER OKOYE, C
8075191736
EZEH
8089507541 DISPATCHED 8101297200 DISPATCHED
8075191736
DISPATCHED
13 07-Feb-18 NNPC RETAIL LTD
255427
45,000 KRT 101 XA
PMS
CALABAR
RETAIL OUTLET, CALABAR MAIN, CALABAR
SOUTH-SOUTH CROSS RIVER DUMKAH, N 8036735041
ETIM
14 07-Feb-18 OANDO
80690
33,000 XD 466 ABA PMS
CALABAR
CALABAR ROAD, CALABAR
SOUTH-SOUTH CROSS RIVER SUNNY
7058993160
ONYEMA
9061366353 DISPATCHED
15 07-Feb-18 OANDO
80689
33,000 DKA 832 ZU PMS
CALABAR
OKUKU JUNCTION, OBUDU
SOUTH-SOUTH CROSS RIVER SUNNY
7058993160
LILIYIA
8062576225 DISPATCHED 8024119913 DISPATCHED
16 07-Feb-18 RAPH-RADIAL
477552
30,000 DUK 337 XA PMS
CALABAR
CAL-IKOM HIGHWAY, IKOM
SOUTH-SOUTH CROSS RIVER
AUSTIN
17 07-Feb-18 SYNTO
477571
30,000 XB 248 FKA
PMS
CALABAR
PLOT 7 M.M HIGHWAY, CALABAR
SOUTH-SOUTH CROSS RIVER
UWEM
8068266465 DISPATCHED
18 07-Feb-18 WOTU-IBOR
477556
30,000 XT 638 PHC
PMS
CALABAR
IKOM-CAL HIGHWAY, NKUNI, IKOM
SOUTH-SOUTH CROSS RIVER
JOSEPH
8187123514 DISPATCHED 8177008936 DISPATCHED
19 07-Feb-18 BILLASSE NIG LTD
22367 25021
15,000 XA 476 KEF
PMS
HTT
BILLASSE NIG LTD F/S ALONG IKOM RD AKAMKPA N/A N/W
CROSS RIVER
HARUNA
20 07-Feb-18 KEEMS OIL & GAS
22385 25034
40,000 GWB 414 XA PMS
HTT
KEEMS OIL F/S ALONG AKPABUYO RD,AKPABUYO
CROSS RIVER
UBONG
21 07-Feb-18 MEKASON RESOURCES
33858 31418
33,000 FKJ 56 XT
PMS
MAINLAND
MEKASON STATION, PLOT 84, IKOM-CALABAR ROADIKOM
CROSS RIVER JOHN
0818-658-0689 JEKU
0706-569-9431DISPATCHED
N/A S/S
7033599082 DISPATCHED
22 07-Feb-18 SIMALINK GLOBAL
33859 31423
40,000 AGL 595 XL
PMS
MAINLAND
SIMALINK STATION, FOUR CORNER
IKOM
CROSS RIVER CHIDI
0813-610-5557 AMAOBI
0813-610-5557DISPATCHED
23 07-Feb-18 MEKASON RESOURCES
33861 31419
33,000 XF 448 GWA PMS
MAINLAND
MEKASON STATION, PLOT 84, IKOM-CALABAR ROADIKOM
CROSS RIVER JOHN
0818-658-0689 CHINEDU
0806-590-9532DISPATCHED
33,000 LA 1942 MG PMS
NORTHWEST BOGGY FILLING STATION/CALABAR - IKOM HIGH WAY
24 07-Feb-18 BOGGY OIL
0101424
CROSS RIVER
DISPATCHED
T H I S D AY ˾ ͯͰ˜ ͰͮͯͶ
46
FUEL DISTRIBUTION TO FILLING STATIONS ON FEBRUARY 7, 2018 CROSS RIVER STATE
CONT’D
DAILY DISPATCH TO FILLING STATIONS DATE: 01.01.2018 DELIVERY/ DATE OF WAYBILL/ S/N LOADING MARKETER/ STATION CODE NO.
MARKETER'S DETAILED ADDRESS
METER TICKET NO
VOLUME (LTRS)
DISPATCH DEPOT
TRUCK NO. PRODUCT
25 07-Feb-18 UDENSCO
0101420
33,000 EZA 548 XA
26 07-Feb-18 EKOSON
0101422
27 07-Feb-18 KENGOZ INVESTMENT
0101423
28 07-Feb-18 EZEXCO
PMS
PLOT/STREET/ROAD NUMBER & NAME
LGA
MARKETERS' DEPOT REP
ZONE
NAME
STATE
TRUCK DRIVER
TELEPHONE NO
NAME2
TELEPHONE NO3
REMARKS
NORTHWEST UDENSCO FILLING STATION/40, ETTA AGBOR ROAD
CROSS RIVER
DISPATCHED
33,000 KMM 11 XA PMS
NORTHWEST EKOSON FILLING STATION, MAYNE AVENUE
CROSS RIVER
DISPATCHED
33,000 KJA 09 XU
PMS
NORTHWEST KENGOZ FILLING STATION/ABITU AVENUE, CALABAR SOUTH
CROSS RIVER
DISPATCHED
0101448
33,000 KSF 12 XY
PMS
NORTHWEST EZEXCO FILLING STATION/DIAMOND HILL, ATEKONG
CROSS RIVER
DISPATCHED
29 07-Feb-18 OBEMEO
0101439
40,000 MKD 772 XA PMS
NORTHWEST OBEMEO FILLING STATION/IKOM - CAL HIGH WAY, EKORI
CROSS RIVER
DISPATCHED
30 07-Feb-18 SAMMAX
0101443
33,000 XZ 784 AGL
NORTHWEST SAMMAX FILLING STATION/7, CAL RD, FOUR CORNER
CROSS RIVER
DISPATCHED
31 07-Feb-18 BEN VIEMA OIL
0101429
33,000 CKK 275 XA PMS
NORTHWEST BENVIEMA FILLING STATION/KM 22, OBUDU RANCH
CROSS RIVER
DISPATCHED
32 07-Feb-18 CEEPET
0101427
33,000 AKD 472 XS PMS
NORTHWEST CEEPET FILLING STATION/19, OGOJA ROAD, OBUDU
CROSS RIVER
DISPATCHED
33 07-Feb-18 B.N. NWABUIFE
0001702
33,000 ENU 188 ZU PMS
ROSA MYSTICAB.N. NWABUIFE FILLING STATION, IYAMOYONG
CROSS RIVER
DISPATCHED
PMS
1,080,000
EDO STATE DAILY DISPATCH TO FILLING STATIONS DATE: FEBRUARY, 2018
DATE OF S/N LOADING
MARKETER/ STATION
DELIVERY /WAYBILL /CODE NO.
METER TICKET NO
MARKETER'S DETAILED ADDRESS
VOLUME DISPATCH (LTRS) TRUCK NO. PRODUCT DEPOT
PLOT/STREET/ROAD NUMBER & NAME
MARKETERS' DEPOT REP
LGA
ZONE
STATE
TELEPHONE NO
NAME
TRUCK DRIVER
NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18 OVH
2624603 -
35,993 ASB130ZH
PMS
BENIN
Wareke road auchi
2
07-Feb-18 OVH
2624604 -
32,997 GWK121XA PMS
BENIN
Ighara
3
07-Feb-18 OVH
2624778 -
35,993 ASB635XA PMS
BENIN
Akpakpava, Ikpoba Slope, Igbesanwan Jctn. B/C
4
07-Feb-18 BUSINESS VENTURE20823
3445573
33,000 AGL891XG PMS
BENIN
Buvel S/S M.M Way, Benin City
27688
45,000 GAR662XA PMS
BENIN
Benin Mega Station Sapele Rd.
OREDO
EDO INYA EDO INYA
8063842242 ODION
8078312361 DISPATCHED
EDO INYA
8063842242 PATRICK
8156608135 DISPATCHED
ETSAKO WEST
EDO GOLLY
8068461475 GODDAY
DISPATCHED
EDO GOLLY
8068461475 KENNEDY
DISPATCHED
OREDO
EDO GOLLY
8068461475 TOKUNBO
OREDO
EDO BUVEL
5
07-Feb-18 NNPC RETAIL
6
07-Feb-18 NNPC RETAIL
63031
275740
45,000 ABD261XA PMS
BENIN
Edo state Government Benin City
7
07-Feb-18 NNPC RETAIL
63036
275741
33,000 AGB277XA PMS
BENIN
Wilco Eng. work ltd km16 Benin-Lagos RD, Ovbiojie
8
07-Feb-18 NNPC RETAIL
63076
255026
40,000 SMK659XF PMS
BENIN
Auchi Standard Services Stn. Benin-Abuja Exp.
9
07-Feb-18 NNPC RETAIL
63182
235358
40,000 AGL258XA PMS
BENIN
Relmetro Oil & Gas Ltd. Benin By-pass, Ute
10 07-Feb-18 NNPC RETAIL
62512
254227
40,000 GGE626XT PMS
BENIN
11 07-Feb-18 TOTAL
46869
5022707
44,993 EPE784XT
BENIN
OREDO
EDO INYA
IKPOBA OKHA
EDO JAMIU
IMOKHEA
62878
PMS
ETSAKO WEST
DISPATCHED
SAMUEL
DISPATCHED
8063842242 ROJ
DISPATCHED
EDO INYA
8063842242 IWALU
8032790330 DISPATCHED
EDO INYA
8063842242 FELIX
8147773030 DISPATCHED
Omobude & Sons Ltd. Benin-Agbor Exp. Benin City OREDO
EDO INYA
8063842242 OSAGIE
8038754200 DISPATCHED
Market Rd Auchi FG/S Uromi Pss
EDO IBIRONKE 8025057486 ROTIMI
DISPATCHED
ETSAKO WEST
12 07-Feb-18 NNPC RETAIL
62986
188191
45,000 YLA98XM
PMS
BENIN
Benin Mega Station Sapele Rd.
13 07-Feb-18 NIPCO
6183
-
45,002 FST281XM PMS
BENIN
Along Benin-Agbor Rd. Iguomon
14 07-Feb-18 MOBIL
2201
5775
33,000 EHR405XA PMS
BENIN
Upper Mission S/S Mission Rd. S/S Lower Siluko S/S OREDO
EDO UDOH
IK
DISPATCHED
15 07-Feb-18 MOBIL
2436
104801
40,000 RBC33XP
BENIN
Ikpoba hill S/S Upper Silukos/s/Sapele Rd. S/S
EDO UDOH
GASTAB
DISPATCHED
PMS
OREDO
8063842242 MUSA
7064310570 DISPATCHED DISPATCHED
16 07-Feb-18 NNPC RETAIL
16047
289553
45,000 LSR 456 XD PMS
CYBERNETICS Benin
0705 994 9326 EDO AYODE
DISPATCHED
17 07-Feb-18 NNPC RETAIL
16404
289554
45,000 KSF 770 XD PMS
CYBERNETICS Benin
0803 612 3187 EDO AJO
DISPATCHED
18 07-Feb-18 VICTOR,O.
16402
3461074
33,000 URM 507 XA PMS
CYBERNETICS Benin
0905 170 5557 EDO TOPE
DISPATCHED
19 07-Feb-18 LIQUID POWER
16421
3461058
40,000 AYB 123 XA PMS
CYBERNETICS Uromi
0903 634 9043 EDO OKOLIE
DISPATCHED
20 07-Feb-18 HIFLY
16428
3460823
33,000 BEN 223 YY PMS
CYBERNETICS Benin
0902 024 6880 EDO IBRU
DISPATCHED
21 07-Feb-18 HIFLY
16429
3460824
33,000 GRA 460 XA PMS
CYBERNETICS Benin
0813 973 8676 EDO EMMA
DISPATCHED
22 07-Feb-18 NNPC RETAIL AFFL
NN0235379
45,000 LSR457XD
PMS
WARRI
Benin
BENIN
SS
EDO OSARO
23 07-Feb-18 NNPC RETAIL AFFL
NN0235378
45,000 KSF772XD
PMS
WARRI
Benin
BENIN
SS
EDO GWANIRU O803945843 YUSUF Y.
WARRI
Benin
BENIN
SS
EDO OSARO
24 07-Feb-18 NNPC RETAIL AFFL
NN0235355
45,000 DSZ102XA PMS
O7064728023TONY KOGI O8064031166 DISPATCHED
8174505364 ADE
08035177185 DISPATCHED 7036863349 DISPATCHED
952,978
KANO STATE DAILY DISPATCH TO FILLING STATIONS DATE: .01.2018 DATE OF S/N LOADING
MARKETER/ STATION
DELIVERY/ WAYBILL/ CODE NO.
MARKETER'S DETAILED ADDRESS
METER TICKET NO
VOLUME (LTRS)
TRUCK NO. PRODUCT
DISPATCH DEPOT PLOT/STREET/ROAD NUMBER & NAME
LGA
MARKETERS' DEPOT REP
ZONE
STATE
NAME
TELEPHONE NO
TRUCK DRIVER
NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18 NNPC RETAILS
328754
328754
59,995 NGL42XA
PMS
KANO
KN MEGA S/S M/GURI RD KN
NASSARAWA N/WEST KANO BILYAMINU 8062200277
ABBA
8076454663
DISPATCHED
2
07-Feb-18 NNPC RETAILS
328767
328767
59,996 KMC563YE
PMS
KANO
KN MEGA S/S M/GURI RD KN
NASSARAWA N/WEST KANO BILYAMINU 8062200277
YAKUBU
8074647389
DISPATCHED
3
07-Feb-18 NNPC RETAILS
170889
170889
44,000 BBU109XA
PMS
KANO
CITY CENTER S/S GYADI GYADI KN
TARAUNI
N/WEST KANO BILYAMINU 8062200277
DANLAMI 8038346478
DISPATCHED
4
07-Feb-18 NNPC RETAILS
275653
275653
40,010 FGE631ZH
PMS
KANO
DANSI S/S GWARZO RD KN
GWALE
N/WEST KANO BILYAMINU 8062200277
MUHD
8039444784
DISPATCHED
5
07-Feb-18 MRS OIL
117045607
1.17E+08
40,000 RNG438XA PMS
KANO
MRS S/S M/GURI RD GYADI GYADI KN
TARAUNI
N/WEST KANO AUWALU
SANI
8066182020
DISPATCHED
6
07-Feb-18 AZMAN OIL &GAS NIG BB0903590
BB0903590
40,000 KMC 108 ZB PMS
KANO
AZMAN OIL AIRPORT RD
FAGGE
N/WEST KANO MUSTAPHA 080654I8481
AUWAL
7064643311
DISPATCHED
7
07-Feb-18 AZMAN OIL &GAS NIG BB 0903576
BB 0903576
50,000 KMC724 ZY PMS
KANO
AZMAN OIL AIRPORT RD
GWALE
N/WEST KANO MUSTAPHA 8065418481
AHMAD
8036408084
DISPATCHED
8
07-Feb-18 SHAFIU AND SONS
49679
49679
45,000 GZA383XA
PMS
KANO
SHAFIU S/S GWAMAI TOWN KT RD KN
D/TOFA
N/WEST KANO SULEIMAN 7033040535
ADAMU
7032303226
DISPATCHED
9
07-Feb-18 A.A WUDIL NIG LTD
86839
86839
40,000 KTU63XL
PMS
KANO
A AWUDIL S/S JOS ROAD YANTAMA VILLA. DOGUWA
N/WEST KANO MAITAMA
8035595345
ABUBAKAR 8082455750
DISPATCHED
10 07-Feb-18 B.A BELLO NIG
6003051
6003051
40,000 FGE191ZH
PMS
KANO
B.A BELLO S/S LARABAR ABASAWA KN
N/WEST KANO NURA
8160009542
IBRAHIM
8023424211
DISPATCHED
11 07-Feb-18 W.A.A RANO
706
706
45,000 KMC625ZF
PMS
KANO
W.A.A RANO S/S UNGOGGO RD MINJIBIR MNJIBIR
N/WEST KANO HASSAN
8038004574
USMAN
8030751511
DISPATCHED
12 07-Feb-18 SAADU IBRAHIM
47721
47721
40,000 KMC424ZQ PMS
KANO
SAADU IBRAHIM S/S YAKO K/MAI YAKI RD KIRU
N/WEST KANO SAADU
8030758750
YUSUF
8030758750
DISPATCHED
13 07-Feb-18 M.D.R. NIG LTD
1892
95301
40,000 RGG109XA PMS
KANO
M.D.R. S/S ROGO TOWN KN
N/WEST KANO ATTINE
8133799295
AMINU
803141561
DISPATCHED
GEZAWA
ROGO
8036912940
584,001
KATSINA STATE MARKETER'S DETAILED ADDRESS
DAILY DISPATCH TO FILLING STATIONS DATE: 01.02.2018 DATE OF S/N LOADING
MARKETER/ STATION
DELIVERY/W AYBILL/COD E NO.
METER TICKET NO
VOLUME (LTRS)
TRUCK NO. PRODUCT
DISPATCH DEPOT
PLOT/STREET/ROAD NUMBER & NAME
LGA
MARKETERS' DEPOT REP
ZONE
STATE
NAME
TELEPHONE NO
TRUCK DRIVER
NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18 CONOIL
2018005845
8521
45,004 DKA941ZU PMS
KADUNA
AHMADU BELLO WAY 30,502; KACHIA RD
K/NORTH
KADUNA KATSINA NIL
NIL
USMAN M
NIL
DISPATCHED
2
07-Feb-18 SALNAS INTG
49660
3331
40,000 MKA722ZF PMS
KADUNA
KM45, ALONG D/DUME S/S
KATSINA
KATSINA KATSINA NIL
NIL
HAMISU
NIL
DISPATCHED
3
07-Feb-18 MUSA SALISU
86430
1282
40,000 GWL925XA PMS
KADUNA
KM14, DAURA RD, KWANGOLAM
KATSINA
KATSINA KATSINA NIL
NIL
GARBA MOHD NIL
DISPATCHED
4
07-Feb-18 EL NAFIU PET
737
2564
40,000 YKS79YY
KADUNA
ALONG DUTSENMA KANKARA RD S/S
KANKARA
KATSINA KATSINA NIL
NIL
DANLADI
DISPATCHED
5
07-Feb-18 NNPC RETAILS
329038
329038
KANO
KT MEGA S/S DANDAGORO KT
KATSINA
N/WEST KATSINA BILYAMINU
PMS
49,997 KMC562YE PMS
8062200277 BAMANGA
NIL
80663773637 DISPATCHED
47
T H I S D AY ˾ MONDAY FEBRUARY 12, 2018
FUEL DISTRIBUTION TO FILLING STATIONS ON FEBRUARY 7, 2018 KATSINA STATECONT’D MARKETER'S DETAILED ADDRESS
DAILY DISPATCH TO FILLING STATIONS DATE: 01.02.2018 DATE OF S/N LOADING
6
MARKETER/ STATION
07-Feb-18 NNPC RETAILS
DELIVERY/W AYBILL/COD E NO.
METER TICKET NO
295790
295790
VOLUME (LTRS)
TRUCK NO. PRODUCT
40,000 KMC821ZV PMS
DISPATCH DEPOT
KANO
PLOT/STREET/ROAD NUMBER & NAME
HASKE S/S DUTSENMA RD KT
MARKETERS' DEPOT REP
LGA
KATSINA
ZONE
TELEPHONE NO
NAME
STATE
TRUCK DRIVER TELEPHONE NO3
NAME2
REMARKS
N/WEST KATSINA BILYAMINU
8062200277 MUHD
80383363728 DISPATCHED
8036144791 MUHD
8147967321 DISPATCHED
7
07-Feb-18 A.A.GUNDAWA OIL
1480
903258
40,000 KBT412XA PMS
KANO
A.A.GUNDAWA S/S KANKARA KT
KANKARA
N/WEST KATSINA YUSIF
8
07-Feb-18 A.Y.VENTURES LTD
19
49676
60,000 KTN271XA PMS
KANO
AY VENTURES S/S MANI RD BARHIM VILLG
MANI
N/WEST KATSINA ABDULSALAM 8181666430 HAMBALI
9
07-Feb-18 M.Y.M.PET NIG LTD
1021830
1021830
45,000 YAB808YJ
KANO
M.Y.M PET S/S KANKIYA RD KADAWA KT
KANKIYA
N/WEST KATSINA ABDULSALAM 8181666430 MUSA
8123575109 DISPATCHED 8033047195 DISPATCHED
10 07-Feb-18 A U SARKI GLOBAL
802696666 DISPATCHED
40,002 DKA165 XF PMS
KANO
ALONG MAGAMA JIBIA ROAD KATSINA
JIBIA
N/WEST KATSINA BUHARI
8039207183 MUSTAPHA
60003091
45,000 CRC 24 XA PMS
KANO
DAURA TOWN KATSINA STATE
DAURA
N/WEST KATSINA BUHARI
8039207183 MUSA
8022069222 DISPATCHED
12 07-Feb-18 DAN MARNA PETROLEUM 2018005786 2018005786
60,000 KAT 170 XA PMS
KANO
NAGOGO ROAD KATSINA STATE
KATSINA
N/WEST KATSINA BUHARI
8039207183 MOHD
8037257655 DISPATCHED 8069233042 DISPATCHED
11 07-Feb-18 DAN MARNA PETROLEUM
2018005081 2018005081
PMS
60003091
13 07-Feb-18 A.B.A DIRECT
47801
47801
40,000 MLF397XA PMS
KANO
A.B.A S/S HAYIN GADA MALUMFASHI TOWN MALUMFASHI N/WEST KATSINA MUSA
8050308669 NURA
14 07-Feb-18 RABASH ENT
47690
47690
47,000 MAN104XA PMS
KANO
RABASH S/S RIMI JUNCTION KT
RIMI
N/WEST KATSINA ISA
8061155119 LADAN
8066229221 DISPATCHED
45,000 KTN70XA
KANO
ALONG KOFAR SAURI KATSINA STATE KT
KATSINA
N/WEST KATSINA MUSTAPHA
8023349241 SULAIMAN
8065874994 DISPATCHED
15 07-Feb-18 ALDUSAR NIG LTD
2018005418 2018005418
16 07-Feb-18 ELMASH GLOBAL 17 07-Feb-18 KADAMA VENT
PMS
3917
3917
40,000 KTN334XA PMS
KANO
ELMASH S/S MANI KT
MANI
N/WEST KATSINA ABUBAKAR
8036851906 SANI
805288639 DISPATCHED
49480
49480
39,000 DMS 29XA PMS
KANO
KAGADA S/S MAGAMA JIBIA KATSINA
MAGAMA
N/WEST KATSINA ABUBAKAR
8036851906 ALIYU
8033455536 DISPATCHED
756,003
KEBBI STATE MARKETER'S DETAILED ADDRESS
DAILY DISPATCH TO FILLING STATIONS DATE: FEBRUARY,2018 DATE OF S/N LOADING
MARKETER/ STATION
DELIVERY/ WAYBILL/ METER TICKET DISPATCH PLOT/STREET/ROAD NUMBER & CODE NO. NO VOLUME (LTRS) TRUCK NO. PRODUCT DEPOT NAME
LGA
MARKETERS' DEPOT REP
ZONE STATE
NAME
TRUCK DRIVER
TELEPHONE NO NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
7-Feb-18
FORTE OIL
60080735
50,002 ALR 107 XA PMS
GUSAU
FO EMIR HARUNA RD
KEBBI
2
7-Feb-18
NNPC RETAIL
275652
40,000 BGD 68 XA
PMS
GUSAU
ARGUNGU RD
KEBBI
DISPATCHED
3
7-Feb-18
NIPCO PLC
2018005601
40,000 KLG 050 XA PMS
GUSAU
KOKO RD SANAGI
KEBBI
DISPATCHED DISPATCHED
DISPATCHED
4
7-Feb-18
OANDO PLC
2624481
40,000 GUS 566 XA PMS
GUSAU
SINIYA RD
KEBBI
5
7-Feb-18
TAUSHI
47693
40,000 MHT 139 XA PMS
GUSAU
YAURI RD
KEBBI
DISPATCHED
6
7-Feb-18
MIN WAKIL
47782
45,000 JEG 468 XA
GUSAU
B/KEBBI RD
KEBBI
DISPATCHED
PMS
7
7-Feb-18
DAN FARASHI
47622
40,000 AKD 226 XA PMS
GUSAU
B/KEBBI RD
KEBBI
DISPATCHED
8
7-Feb-18
MAIYAMA
49760
40,000 GUS 608 XA PMS
GUSAU
YAURI RD
KEBBI
DISPATCHED
9
7-Feb-18
A DAN LADI ILLO
1021789
40,000 KWL 812 YH PMS
GUSAU
KA,O'JE RD
KEBBI
DISPATCHED
10
7-Feb-18
SAYAZ
BB0903689
60,000 YLW 494 XA PMS
GUSAU
ILLO RD
KEBBI
DISPATCHED
11
7-Feb-18
SAYAZ
BB0903692
60,000 KMB 376 XA PMS
GUSAU
GAYA RD
KEBBI
DISPATCHED
12
7-Feb-18
SAYAZ
35071
45,000 BGD 118 XA PMS
GUSAU
JEGA RD
KEBBI
DISPATCHED
13
7-Feb-18
JAYYAS
904198
60,000 KMB 371 XA PMS
GUSAU
JEGA RD
KEBBI
DISPATCHED
14
7-Feb-18
JAYYAS
904197
60,000 YLW 320 XA PMS
GUSAU
YAURI RD
KEBBI
DISPATCHED
15
7-Feb-18
JAYYAS
904109
50,000 YLW 499 XA PMS
GUSAU
BYE PASS RD
KEBBI
DISPATCHED
16
7-Feb-18
A.S.B.J RES
47700
40,000 AAA 128 XK PMS
GUSAU
YAURI RD
KEBBI
DISPATCHED
17
7-Feb-18
U.TAMBUWAL
94860
40,000 SNA 81 XA
PMS
GUSAU
KONTAGORA RD
KEBBI
DISPATCHED
18
7-Feb-18
S/GIWA TAZO
74654
50,000 ARG 204 XA PMS
GUSAU
YAURI RD
KEBBI
DISPATCHED
19
7-Feb-18
M.KATANGA
352
59,999 DAL 016 ZX
PMS
GUSAU
BYE PASS RD
KEBBI
DISPATCHED
20
7-Feb-18
M.KATANGA
327
52,200 DKA 757 ZP PMS
GUSAU
B/KEBBI RD
KEBBI
DISPATCHED
21
7-Feb-18
M.KATANGA
323
39,000 MKA 655 ZB PMS
GUSAU
KWANTAGORA RD
KEBBI
DISPATCHED
22
7-Feb-18
M.KATANGA
324
50,000 DKA 063 YF PMS
GUSAU
YAURI RD
KEBBI
DISPATCHED
23
7-Feb-18
M.KATANGA
328
39,000 ZAR 805 XA PMS
GUSAU
KA,O'JE RD
KEBBI
DISPATCHED
24
7-Feb-18
A. ISAH KOKO
49681
40,000 YLW 301 XA PMS
GUSAU
YAURI RD
KEBBI
DISPATCHED
25
7-Feb-18
SANI SAJENT
33,000 YLW 287 XA PMS
MINNA
KONTAGORA ROAD S/S YAURI
000052839 0049481
YELWA
NW
KEBBI
NASIRU
08036094946 USMAN
08141393754
DISPATCHED
1,153,201
KOGI STATE DAILY DISPATCH TO FILLING STATIONS DATE: .01.2018
DATE OF S/N DISPATCH
MARKETER/ STATION
MARKETER'S DETAILED ADDRESS
DELIVERY /WAYBILL /CODE METER TICKET NO. NO
VOLUME (LTRS)
TRUCK NO. PRODUCT
DISPATCH DEPOT
PLOT/STREET/ROAD NUMBER & NAME
MARKETERS' DEPOT REP
LGA
ZONE
TELEPHONE NO
NAME
STATE
TRUCK DRIVER
NAME2
TELEPHONE NO3
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18 OGBASCO
662
47666
60,000 APP 73 XT
PMS
MAKURDI
ENJEMA ROAD ANKPA
ANKPA
NORTH CENTRAL KOGI
BABA
8128282830 FELIX
8037088217
2
07-Feb-18 OGBASCO
658
47618
40,000 JJJ 607 XB
PMS
MAKURDI
ENJEMA ROAD ANKPA
ANKPA
NORTH CENTRAL KOGI
BABA
8128282830 UMAR
7066207622
3
07-Feb-18 YAKUBU
1020665
1021705
45,000 FST 467 XS
PMS
MAKURDI
EJULE ROAD OLAMABORO
OLAMABORO
NORTH CENTRAL KOGI
FRIDAY
8135902481 BALA
8083375500
4
07-Feb-18 DIATO OIL
1020822
2000015
45,000 ABJ 974 XN
PMS
MAKURDI
LOKOJA ROAD AFAGWU
ANKPA
NORTH CENTRAL KOGI
ALI
7038331908 YUNUSA
808349043
5
07-Feb-18 YADAMS
8528
5883
45,000 GAR 436 XA PMS
MAKURDI
ENUGU ROAD ANKPA
ANKPA
NORTH CENTRAL KOGI
ALI
7038331908 VICTOR
8020943641
6
07-Feb-18 AL-YAHAD
5340
1973
40,000 BDG 206 XL PMS
MAKURDI
ENUGU ROAD ANKPA
ANKPA
NORTH CENTRAL KOGI
CHIA
7031827583 ABUDUL
8062144956
7
07-Feb-18 OGAJI ENAPE
91
2018006116
50,002 KFU 120 XA PMS
MAKURDI
ALLOMA ROAD EJULE OFU
OFU
NORTH CENTRAL KOGI
ALI
7038331908 ALH NUHU
8058687635
8
07-Feb-18 SUDJAMBA
112257
11270
40,000 KST 490 XT
PMS
MAKURDI
ENUGU RD ANYIGBA
DEKINA
NORTH CENTRAL KOGI
BALA
907316640
ADEAJO
8156272481
9
07-Feb-18 YAKUBU
47793
513
40,000 LSR 870 XM PMS
MAKURDI
EJULE ROAD OLAMABORO
OLAMABORO
NORTH CENTRAL KOGI
FRIDAY
813590248
WAME
8068133799
10 07-Feb-18 NNPC RETAIL
800
296066
45,000 JMT 705 YR
PMS
SULEJA
LOKOJA MEGA
KOG
KOG
KOGI
MURTALA
08100894440 0
DISPTCHED
11 07-Feb-18 NNPC RETAIL
800
275253
45,000 NSR 301 ZX
PMS
SULEJA
LOKOJA MEGA
KOG
KOG
KOGI
MURTALA
08100894440
DISPTCHED
12 07-Feb-18 NNPC RETAIL
800
296133
45,000 RBC 732 XJ
PMS
SULEJA
DAEJO AJAOKUTA
KOG
KOG
KOGI
MURTALA
08100894440
DISPTCHED
13 07-Feb-18 NNPC RETAIL
800
296208
40,000 DTM 535 XA PMS
SULEJA
I B K IJUNMU
KOG
KOG
KOGI
MURTALA
08100894440
DISPTCHED
580,002
OGUN STATE DAILY DISPATCH TO FILLING STATIONS DATE: .01.2018
DATE OF S/N DISPATCH
MARKETER/ STATION
MARKETER'S DETAILED ADDRESS
DELIVERY/W AYBILL/COD METER E NO. TICKET NO
VOLUME (LTRS)
TRUCK NO. PRODUCT
DISPATCH DEPOT
PLOT/STREET/ROAD NUMBER & NAME
LGA
ZONE
MARKETERS' DEPOT REP
STATE
NAME
TELEPHONE NO
TRUCK DRIVER
NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18 ELAK PET
78887
33,000 MUS 589 XU PMS
BOVAS
OHUMBE OBELLE RD OJA ODAN OGUN STATE
OGUN
DISPATCHED
T H I S D AY ˾ ͯͰ˜ ͰͮͯͶ
48
FUEL DISTRIBUTION TO FILLING STATIONS ON FEBRUARY 7, 2018 OGUN STATE CONT’D DAILY DISPATCH TO FILLING STATIONS DATE: .01.2018
DATE OF S/N DISPATCH
MARKETER/ STATION
MARKETER'S DETAILED ADDRESS
DELIVERY/W AYBILL/COD METER E NO. TICKET NO
VOLUME (LTRS)
TRUCK NO. PRODUCT
DISPATCH DEPOT
PLOT/STREET/ROAD NUMBER & NAME
LGA
MARKETERS' DEPOT REP
ZONE
TELEPHONE NO
NAME
STATE
TRUCK DRIVER
NAME2
TELEPHONE NO3
REMARKS
2
07-Feb-18 BARBU BOO
78874
45,000 ENU 608 XN PMS
BOVAS
TOLL GATE SANGO OTA OGUN STATE
OGUN
DISPATCHED
3
07-Feb-18 BARBU BOO
78890
21,000 SMK 306 XN PMS
BOVAS
TOLL GATE SANGO OTA OGUN STATE
OGUN
DISPATCHED
4
07-Feb-18 BOVAS
78896
20,000 RSD 224 XA PMS
BOVAS
OKE ARO AGBADO STATION OGUN STATE
OGUN
DISPATCHED
5
07-Feb-18 ELAK PET
78887
12,000 MUS 589 XU PMS
BOVAS
OHUMBE OBELLE RD OJA ODAN OGUN STATE
OGUN
6
07-Feb-18 ASHRON
11
BB901007
33,000 GGE 96 XP
PMS
MOSIMI
IPOKIA
IPOKIA
OGUN A.A. BADMUS
7031820441 JIDE
7032300826 DISPATCHED
7
07-Feb-18 AUCCO
16
BB858492
33,000 AGL 938 XA PMS
MOSIMI
IJOFIN
IJOFIN
OGUN ADE PETTER
8167419563 ADURA
7032304830 DISPATCHED
8
07-Feb-18 BOLMAN
164
BB858499
33,000 LSR 864 XK
PMS
MOSIMI
OGUNMAKIN
OGUNMAKIN
OGUN ALADEGLOBAL
8169436185 TIMTHY
869748163
9
07-Feb-18 DEENULLAHI
54
BB858415
33,000 MUS 894 XR PMS
MOSIMI
OGIJO
OGIJO
OGUN DEENULLAHI
8035995027 MOHD
8034369778 DISPATCHED
10 07-Feb-18 FELICO
322
BB858378
33,000 EKY 36 XG
PMS
MOSIMI
IJEBU ODE
IJEBU ODE
OGUN EBENCO
7032406192 SEGUN
7032304730 DISPATCHED
11 07-Feb-18 GLANCE
752
BB901002
33,000 KSF 294 XM PMS
MOSIMI
OKE OYINGBO
OKE OYINGBO
OGUN GLANCE
8134794029 LEKLAW
8082610900 DISPATCHED
BB858460
33,000 KSF 936 XU
PMS
MOSIMI
IJEBU IGBO
IJEBU IGBO
OGUN ALICO HARMONY 7041258060 SEMIU
7071971060 DISPATCHED 8102360542 DISPATCHED
12 07-Feb-18 HIDA
DISPATCHED
DISPATCHED
13 07-Feb-18 LAM LEK
406
BB858380
33,000 SGM 727XA PMS
MOSIMI
ABEOKUTA
ABEOKUTA
OGUN ZIPEST
14 07-Feb-18 MODERN OPTION
3583
BB901012
33,000 KRD 932 XA PMS
MOSIMI
SANGO OTTA
SANGO OTTA
OGUN MOSBOLARINDE 8169436786 LEKAN
7032304832 DISPATCHED
15 07-Feb-18 ROLAFEEK
821
BB858489
33,000 EPE 677 XA PMS
MOSIMI
IFO
IFO
OGUN ROLAFEEK
8071145363 SAHEED
8028428650 DISPATCHED
16 07-Feb-18 SANSUAT
1243
BB858381
33,000 KSF 278 XV
PMS
MOSIMI
IJOFIN
IJOFIN
OGUN FORTE OI
8102512276 YINKA
7039115140 DISPATCHED
17 07-Feb-18 SOADOL
1028
BB901006
33,000 FST 790 XD
PMS
MOSIMI
EWEKORO
EWEKORO
OGUN SELF
8032180166 WAHEED
8035291595 DISPATCHED
18 07-Feb-18 TEMITOPE
58
BB901009
33,000 KJA 785 XD
PMS
MOSIMI
IPOKIA
IPOKIA
OGUN SAILE
8032473271 SUNKIM
7011778283 DISPATCHED
19 07-Feb-18 VICKET
327
BB858468
33,000 BDG 730 XCV PMS
MOSIMI
ABEOKUTA
ABEOKUTA
OGUN VICKETS
8028178186 TEMITAYO 8037295106 DISPATCHED
7023774823 ADE
20 07-Feb-18 ZACOBASS
BB858374
33,000 MUS 418 XV PMS
MOSIMI
ABEOKUTA
ABEOKUTA
OGUN ZACOBASS
8038593506 SAMUEL
7039471736 DISPATCHED
21 07-Feb-18 CONOIL
CO135054
33,000 XX 22 EPE
PMS
MOSIMI
REEDEM
REEDEM
OGUN LASISI
8066685563 KAZEEM
8066685563 DISPATCHED
22 07-Feb-18 TOTAL
TO137096
33,000 LSR 145 XN
PMS
MOSIMI
IJEBU ODE
IJEBU ODE
OGUN S.A.O
23 07-Feb-18 NNPC RETAIL
NN275338
42,000 KRD 55 XN
PMS
MOSIMI
ABEOKUTA
ABEOKUTA
OGUN PASSIONATE
8095462677 QUADRI
9095462677 DISPATCHED
24 07-Feb-18 NNPC RETAIL
NN275432
40,000 APP 968 XF
PMS
MOSIMI
SHAGAMU
SHAGAMU
OGUN KABIGAN
9030050914 LEKAN
7058571899 DISPATCHED
NN275433
40,000 KJA 409 XF
PMS
ABEOKUTA
8134574256 DISPATCHED
25 07-Feb-18 NNPC RETAIL
LANRE
8120187127 DISPATCHED
MOSIMI
ABEOKUTA
OGUN IBAD
8020773228 LAJA
26 07-Feb-18 NIPCO NIG PLC
2018006365 NI45170
33,001 MUS 529 XL PMS
NIPCO
MOWE-IBAFO
SW
OGUN MICHAEL
8067803284
27 07-Feb-18 RASDEBY
2018006494 BB912637
33,002 LSR 657 XT
PMS
NIPCO
ONDO STREET, IJEBU-ODE
SW
OGUN SEGUN
8188544142 TAOREED
8178535962 DISPATCHED
SW
OGUN JIMOH
8065630082 TESI
9065384642 DISPATCHED
080255485
080554874
DISPATCHED
28 07-Feb-18 NIPCO NIG PLC
2018006518 NI45192
44,999 FKJ 603 XT
PMS
NIPCO
LAGOS-ABEOKUTA EXPWAY
29 07-Feb-18 DEALER 113
2018006375
33,001 LSR191XV
PMS
NIPCO
NNPC MOSIMI DEPOT
30 07-Feb-18 N N P C
2018006405 911086
45,002 BEN687ZW
PMS
NIPCO
NNPC MAIDUGURI DEPOTNNPC MOSIMI DEPOT
OGUN POE
09036709921 MUSA
09069768605 DISPATCHED
31 07-Feb-18 N N P C
2018006417 912842
08169276628 DISPATCHED
KLM 38 LAG/ABK EXP-WAY SINGER B/STOP OGUN BUNMI
ADE
DISPATCHED
33,003 APP923XR
PMS
NIPCO
NNPC MAIDUGURI DEPOTNNPC MOSIMI DEPOT
OGUN SEUN
07084517874 MORUF
32 07-Feb-18 LADOLT GLOBAL INV. LTD 2018006447
32,998 EPE465XK
PMS
NIPCO
NNPC MOSIMI DEPOT
ITELE / OTTA EXPRESS RD, NEAR ODA VILL.
OGUN BOLAJI
09099103400 MUFU
08160606347 DISPATCHED
33 07-Feb-18 DEALER 13
2018006456
33,000 KJA410XB
PMS
NIPCO
NNPC MOSIMI DEPOT
Along Idioro Road, Sango Otta
OGUN AFEEZ
08032802338 DAUDA
09033021412 DISPATCHED
34 07-Feb-18 N N P C
2018006459 912843
07084517854 DISPATCHED
33,001 APP677XQ
PMS
NIPCO
NNPC MAIDUGURI DEPOTNNPC MOSIMI DEPOT
OGUN TOPE
08148845319 SHEUN
35 07-Feb-18 LADOLT GLOBAL INV. LTD 2018006468
32,999 XK759APP
PMS
NIPCO
NNPC MOSIMI DEPOT
OGUN BOLAJI
09099103400 ODDY
08029875547 DISPATCHED
36 07-Feb-18 N N P C
2018006474 904121
33,000 EPE44XV
PMS
NIPCO
NNPC MAIDUGURI DEPOTNNPC MOSIMI DEPOT
OGUN QUYUM
08051343143 ADE
0802554874 DISPATCHED
37 07-Feb-18 DEALER N800200
2018006501
40,000 GUS539XA
PMS
NIPCO
NNPC MOSIMI DEPOT
OGUN ADE
080255487
0907682050 DISPATCHED
ITELE / OTTA EXPRESS RD, NEAR ODA VILL.
ASERO NEW RD, ASERO ABEOKUTA S/ LGA
ADE
1,241,006
OSUN STATE DAILY DISPATCH TO FILLING STATIONS DATE: 01.01.2018 DELIVERY /WAYBILL METER DATE OF MARKETER/ /CODE TICKET VOLUME STATION NO. NO (LTRS) S/N LOADING
MARKETER'S DETAILED ADDRESS
DISPATC TRUCK NO. PRODUCT H DEPOT
PLOT/STREET/ROAD NUMBER & NAME
LGA
MARKETERS' DEPOT REP
ZONE
STATE
NAME
TELEPHONE NO
TRUCK DRIVER
NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18 OLANIYAN
908152
33,000 APP231XC
PMS
IBADAN
OSOGBO RD ODE OMU OSUN STATE
OSOGBO OSOGBO
OSUN MORUF
DISPATCHED
2
07-Feb-18 EJIRE
906176
33,000 APP367XS
PMS
IBADAN
ARAROMI IWATA EJIGBO OSUN STATE
OSOGBO OSOGBO
OSUN TOPE
DISPATCHED
3
07-Feb-18 OKETOYE
908143
33,000 KTU45XS
PMS
IBADAN
IKIRUN RD OSOGBO OSUN STATE
OSOGBO OSOGBO
OSUN TOBA
DISPATCHED
4
07-Feb-18 MOBIL
104813
33,000 AAA60XV
PMS
IBADAN
GBONGAN RD OSOGBO, OSUN STATE
OSOGBO OSOGBO
OSUN MUSIBAU
DISPATCHED
5
07-Feb-18 NNPC RETAIL
204616
33,000 DKA713ZU
PMS
IBADAN
IWO TOWN IWO OSUN STATE
OSOGBO OSOGBO
OSUN FATAI
DISPATCHED
6
07-Feb-18 NNPC RETAIL
204627
33,010 KAF738XA
PMS
IBADAN
RING RD OSOGBO, OSUN STATE
OSOGBO OSOGBO
OSUN FATAI
DISPATCHED
7
07-Feb-18 NNPC RETAIL
204631
33,010 GGE836XL
PMS
IBADAN
RING RD OSOGBO, OSUN STATE
OSOGBO OSOGBO
OSUN FATAI
DISPATCHED
8
07-Feb-18 NNPC RETAIL
204625
33,000 EKY389XR
PMS
IBADAN
GBONGAN EXP OSOGBO, OSUN STATE
OSOGBO OSOGBO
OSUN MUSIBAU
DISPATCHED
9
07-Feb-18 MOBIL
8.1E+09
40,000 DKA71XF
PMS
IBADAN
OKEFIA/GBONGAN/IKIRUN OSUN STATE
OSOGBO OSOGBO
OSUN MOBIL
DISPATCHED
10
07-Feb-18 MRS
10246179 1.2E+08
40,001 KSF979XF
PMS
IBADAN
IWO RD, OSOGBO, OSUN STATE
OSOGBO OSOGBO
OSUN MRS
DISPATCHED
11
07-Feb-18 CONOIL
83195
33,000 KJA789XP
PMS
IBADAN
OKE-AKO AREA IKIRE OSUN STATE
OSOGBO OSOGBO
OSUN CONOIL
DISPATCHED
12
07-Feb-18 TOTAL
3.12E+09 5019960
32,997 KSF403XJ
PMS
IBADAN
ILESHA CENTRE/AKURE RD ILESHA OSUN STATE OSOGBO OSOGBO
OSUN TOTAL
DISPATCHED
14
07-Feb-18 FORTE
8056
45,000 KJA397XN
PMS
IBADAN
IWO OSUN/AGODI IBADAN
OSUN FORTE
DISPATCHED
1116627
78813
6E+07
OSG/IBA OSG/IBA
455,018
SOKOTO STATE MARKETER'S DETAILED ADDRESS
DAILY DISPATCH TO FILLING STATIONS DATE: 01.02.2018 DATE OF S/N LOADING
DELIVERY/ MARKETER/ WAYBILL/ METER TICKET STATION CODE NO. NO
VOLUME (LTRS)
DISPATC TRUCK NO. PRODUCT H DEPOT
PLOT/STREET/ROAD NUMBER & NAME
LGA
ZONE
MARKETERS' DEPOT REP
STATE
NAME
TELEPHONE NO
TRUCK DRIVER
NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
7-Feb-18
NNPC RETAIL
295796
40,000 GWN 14 XA
PMS
GUSAU
GUSAU RD
SOKOTO
DISPATCHED
2
7-Feb-18
OANDO PLC
2621771
44,999 RBA 82 XA
PMS
GUSAU
GUSAU RD
SOKOTO
DISPATCHED
3
7-Feb-18
OANDO PLC
2624483
40,000 MRD 89 XA
PMS
GUSAU
B/KEBBI RD
SOKOTO
DISPATCHED
4
7-Feb-18
ALBALCO
47645
42,000 ABJ 948 XN
PMS
GUSAU
S/BIRNI RD
SOKOTO
DISPATCHED
5
7-Feb-18
ABANURAT
BB0903558
45,000 DKA 856 ZU
PMS
GUSAU
SOKOTO RD
SOKOTO
DISPATCHED
6
7-Feb-18
K.M KAMBA
BB0911823
40,000 KMB 129 XA
PMS
GUSAU
B/KEBBI RD
SOKOTO
DISPATCHED
7
7-Feb-18
ASHIRU NAGOMA
49662
33,000 EKY 179 XM
PMS
GUSAU
GADA RD
SOKOTO
DISPATCHED
8
7-Feb-18
GARBA KUCHI
47776
40,000 KJA 167 XM
PMS
GUSAU
WURNO RD
SOKOTO
DISPATCHED
9
7-Feb-18
GARBA KUCHI
47799
40,000 KJA 166 XM
PMS
GUSAU
WAURU RD
SOKOTO
DISPATCHED
364,999
49
T H I S D AY ˾ MONDAY FEBRUARY 12, 2018
FUEL DISTRIBUTION TO FILLING STATIONS ON FEBRUARY 7, 2018 ADAMAWA STATE DAILY DISPATCH TO FILLING STATIONS DATE: FEBRUARY,2018 DATE OF S/N LOADING
MARKETER'S DETAILED ADDRESS
DELIVERY/ WAYBILL/ METER MARKETER/ STATION CODE NO. TICKET NO
VOLUME (LTRS)
TRUCK NO. PRODUCT
DISPATCH PLOT/STREET/ROAD NUMBER & DEPOT NAME
LGA
MARKETERS' DEPOT REP
ZONE
TELEPHONE NO
NAME
STATE
TRUCK DRIVER TELEPHONE NO3
NAME2
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18
NNPC RETAIL
62800
170909
45,000 JMT64YM
PMS
YOLA
YOLA
N/E
ADAMAWA ABUBAKAR 8062247197 IBRAHIM
2
07-Feb-18
AL-HABAF
22
6E+09
40,000 JMT117YR PMS
YOLA
GOMBI
N/E
ADAMAWA IFREM
3
07-Feb-18
ALLAS NIG
185
6E+09
45,000 JMT406YR PMS
YOLA
DEMSA
N/E
ADAMAWA
4
07-Feb-18
KTIHA GLO
962
5780
45,002 JMT942YR PMS
YOLA
MUBI
N/E
5
07-Feb-18
GUMNA MAYAMBAWA 86
5747
45,000 JMT594YR PMS
YOLA
GUYUK
6
07-Feb-18
HALALIYA OIL
352
30623
40,000 JJJ800XQ
PMS
YOLA
MUBI
7
07-Feb-18
A.M KUDI
66
31541
40,000 FUR343XA PMS
YOLA
8
07-Feb-18
A.A ALHAGARI
888
47634
40,000 YLA394XM PMS
9
07-Feb-18
A.A ALHAGARI
889
47633
40,000 YLA393XM PMS
1984
10 07-Feb-18
A.A SALISU
40
11 07-Feb-18
FORTE OIL
60080748 60080748
50,000 JJJ112XA
8037395034
DISPATCHED
7030889806 ABUBAKAR 7068282120
DISPATCHED
AUWAL
8037132730
DISPATCHED
ADAMAWA SALISU
7036178064 ZAKARI
8132336003
DISPATCHED
N/E
ADAMAWA IFREM
7030889806 MOH'D
7067872021
DISPATCHED
N/E
ADAMAWA NIL
NIL
ALIYU
8133369898
DISPATCHED
NUMAN
N/E
ADAMAWA NIL
NIL
BELLO
7060494294
DISPATCHED
YOLA
FUFORE
N/E
ADAMAWA DAN AZUMI 8034627592 IBRAHIM
7037981788
DISPATCHED
YOLA
GOMBI
N/E
ADAMAWA DAN AZUMI 8034627592 DANLAMI
8033932867
DISPATCHED
PMS
YOLA
NUMAN
N/E
ADAMAWA IFREM
7030889806 DALHATU
8066986998
DISPATCHED
45,000 ABG529XA PMS
YOLA
YOLA
N/E
ADAMAWA NIL
NIL
8188129648
DISPATCHED
YAKUBU
475,002
AKWA IBOM STATE DAILY DISPATCH TO FILLING STATIONS FOR FEBRUARY, 2018 DELIVERY /WAYBILL METER DATE OF /CODE TICKET NO. NO S/N LOADING MARKETER/ STATION
MARKETER'S DETAILED ADDRESS
VOLUME (LTRS)
TRUCK NO. PRODUCT
DISPATCH DEPOT
PLOT/STREET/ROAD NUMBER & NAME
LGA
MARKETERS' DEPOT REP
ZONE
STATE
NAME
TELEPHONE NO
TRUCK DRIVER
NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18 COINOIL
100167
33,000 XM 695 KSF PMS
CALABAR
CONOIL F/S, IKOT EKPENE
SOUTH-SOUTH AKWA IBOM ALABA, O
8086922349
DISPATCHED
2
07-Feb-18 DAN-DOLLARS
477544
30,000 BRR 11 XA
CALABAR
2 IKOT EKPENE ROAD, UYO
SOUTH-SOUTH AKWA IBOM
OTOBONG 8064119575
DISPATCHED DISPATCHED
PMS
8023901569
DAVID
3
07-Feb-18 ELASU
477547
30,000 CAL 690 XA PMS
CALABAR
NUNG ATAI ETE ROAD, OKOBO
SOUTH-SOUTH AKWA IBOM
ABDULAHI 8027660997
4
07-Feb-18 EMINENCE
465870
33,000 XC 344 KTE PMS
CALABAR
LIBAKA ENWANG EPRESS, ORON
SOUTH-SOUTH AKWA IBOM
GODWIN
7068614022
DISPATCHED
5
07-Feb-18 EMSSET
477535
30,000 TKP 696 XA PMS
CALABAR
375 NWANIBA ROAD, UYO
SOUTH-SOUTH AKWA IBOM
KAMILU
8036506295
DISPATCHED DISPATCHED
6
07-Feb-18 J.O MBENBENG
477501
30,000 AKP 147 XA PMS
CALABAR
MBO EXPRESS, IBAKA
SOUTH-SOUTH AKWA IBOM
LAGOS
8062685433
7
07-Feb-18 NNPC RETAIL LTD
84294
33,000 AYB 682 XA PMS
CALABAR
RETAIL OUTLET, UYO MAIN, UYO
SOUTH-SOUTH AKWA IBOM DUMKAH, N 8036735041
JAMES
7015401570
DISPATCHED
8
07-Feb-18 TOTAL
32280
33,000 UMA 98 YW PMS
CALABAR
IKOT EKPENE ROAD, UYO
SOUTH-SOUTH AKWA IBOM AKPAN I.F
LINUS
8184371476
DISPATCHED
9
07-Feb-18 OBIKASON
22383
25033
40,000 XA 740 CAL PMS
HTT
OBIKASON F/S ALONG IDORO RD UYO
N/A
S/S
AKWA IBOM
PAULINUS 7032877101
DISPATCHED
10 07-Feb-18 ECKON OIL
22387
25040
40,000 FST 968 XD
PMS
HTT
ECKON OIL F/S ALONG ORON RD IKOT EKPENE N/A
S/S
AKWA IBOM
ADAMU
8063608055
DISPATCHED
S/S
8084036886
DISPATCHED
11 07-Feb-18 HERITAGE GAS & CHEM22362
25010
15,000 XW 106 ENU PMS
HTT
HERITAGE GAS & CHEM LTD F/S AL. MECH. VILL.N/A
12 07-Feb-18 HYCOPET NIG.
31428
33,000 LND 841 XQ PMS
MAINLAND
HYCOPET STATION, IWAK MBO-ORON ROAD
33746
8033536793
AKWA IBOM
ORON
OKEY
AKWA IBOM FELIX
0706-626-7616 ISAAC
0703-187-2278 DISPATCHED
13 07-Feb-18 PEATBON
0101425
33,000 TTU 141 XA PMS
NORTHWEST PEATBON FILLING STATION/90, GRACE BILL ROAD
AKWA IBOM
14 07-Feb-18 SUEZ OIL
0101441
33,000 UML 372 XN PMS
NORTHWEST SUEZ FILLING STATION/47, ETEBI UDONG, AFAHA
AKWA IBOM
DISPATCHED
15 07-Feb-18 JAVIC JASUTH
0101442
33,000 BRA 146 XA PMS
NORTHWEST JAVIC JASUTH FILLING STATION/#49, ODORENEN
AKWA IBOM
DISPATCHED
DISPATCHED
16 07-Feb-18 WELLUP COMPANY
0101437
33,000 APP 571 XB PMS
NORTHWEST WELLUP FILLING STATION
AKWA IBOM
DISPATCHED
17 07-Feb-18 PIRANA PET
0101426
33,000 UWN 141 ZL PMS
NORTHWEST PIRANA FILLING STATION/OBOT IDIM, AFAHA ATAI
AKWA IBOM
DISPATCHED
18 07-Feb-18 E. OKON
0101433
33,000 XX 844 PHC PMS
NORTHWEST E. OKON FILLING STATION/41B, UMUAHIA ROAD
AKWA IBOM
DISPATCHED
19 07-Feb-18 ELASU
0101428
33,000 KSF 574 XR PMS
NORTHWEST ELASU FILLING STATION/NUNG ATAETA
AKWA IBOM
DISPATCHED
20 07-Feb-18 UWOHAGU
0101446
33,000 FGG 459 XQ PMS
NORTHWEST UWOHAGU FILLING STATION/NTO MKPO
AKWA IBOM
DISPATCHED
21 07-Feb-18 ECOBA
0101430
33,000 PBT 98 XD
NORTHWEST ECOBA FILLING STATION/ABA - IKOT ABASI ROAD
AKWA IBOM
DISPATCHED
22 07-Feb-18 EXPI BROS
0101421
33,000 MUS 818 XL PMS
NORTHWEST EXPI BROS FILLING STATION/NUNG UDOE ROAD
AKWA IBOM
DISPATCHED
23 07-Feb-18 ROMACO
0101431
33,000 AAA 596 XL PMS
NORTHWEST ROMACO FILLING STATION/171, ORON ROAD
AKWA IBOM
DISPATCHED
24 07-Feb-18 PABE OIL
0101440
33,000 XE 903 SSM PMS
NORTHWEST PABE FILLING STATION/16, ABAK ROAD
AKWA IBOM
DISPATCHED
PMS
776,000
ANAMBRA STATE DAILY DISPATCH TO FILLING STATIONS DATE: 01.01.2018 DELIVERY/ DATE OF WAYBILL/ METER S/N LOADING MARKETER/ STATION CODE NO. TICKET NO
MARKETER'S DETAILED ADDRESS
VOLUME (LTRS)
TRUCK NO.
PRODUCT
DISPATCH DEPOT
PLOT/STREET/ROAD NUMBER & NAME
LGA
MARKETERS' DEPOT REP
ZONE
STATE
NAME
TRUCK DRIVER
TELEPHONE NO NAME2
TELEPHONE NO3
REMARKS
DAILY DISPATCH TO FILLING STATIONS DATE: 07.02.2018 1
07-Feb-18 SKYTWINS
00123
2.018E+09
45,001 EKY 911 XN
PMS
ABA
Km.100 Onitsha/Owerri Rd Umunaji ONITSHA
AN20
NIL
DISPATCHED
2
07-Feb-18 Airtight
0554
2746
60,000 GGE 796 XS
PMS
ENUGU
Igwe Orazie Rd Otolo Nnewi
Nnewi
South East ANAMBRA Edu
08061582023 N/A
N/A
DISPATCHED
3
07-Feb-18 NNPC Mega
8850
8850
40,001 UBJ 486 XA
PMS
ENUGU
Along Umudede Village Igboukwu
N/A
South East ANAMBRA Mrs Oti
08036663650 N/A
N/A
DISPATCHED
4
07-Feb-18 Omile Ventures
1237
1529
40,000 FGG 219 YQ
PMS
ENUGU
Abatete-Oraukwu Rd Abatete
Idemili
South East ANAMBRA Ifeanyi
08064005121 N/A
N/A
DISPATCHED
5
07-Feb-18 Total
9920
6897
44,998 EKY 718 XU
PMS
ENUGU
Enugu-Onitsha Exp Awka/Enugu Rd
Onitsha
South East ANAMBRA Igwe
08035764031 N/A
N/A
DISPATCHED
6
07-Feb-18 Christee Investment 1837
0853
50,000 FGG 556 YG
PMS
ENUGU
Onitsha-Enugu Old Rd Nkpor Junction Idemili
South East ANAMBRA Ify
08063454320 N/A
N/A
DISPATCHED
7
07-Feb-18 Danak Industry
4137
6099
50,000 ACA 326 ZP
PMS
ENUGU
Onitsha-Owerri Rd Onitsha
Onitsha
South East ANAMBRA Nnamdi
08033215211 N/A
N/A
DISPATCHED
8
07-Feb-18 Alpha Bykeez
6253
1488
50,000 FST 687 XS
PMS
ENUGU
Ezeiweka Rd Obosi Idemili
Idemili
South East ANAMBRA Chuks
08037046154 N/A
N/A
DISPATCHED
9
07-Feb-18 Dwell Pet
7613
2989
40,000 AYB 232 XA
PMS
ENUGU
67 Bida Rd Onitsha
Onitsha
South East ANAMBRA Chuks
08037046154 N/A
N/A
DISPATCHED
10 07-Feb-18 Ije Pet
4115
6043
45,000 ABN 131 YP
PMS
ENUGU
Nkpor-Umuoji Rd Nkpor
Idemili
South East ANAMBRA Igwe
07061644644 N/A
N/A
DISPATCHED
11 07-Feb-18 Chipet Int'l
5312
8541
45,000 AJL 745 XD
PMS
ENUGU
Km 3 Onitsha-Enugu Exp way
Onitsha
South East ANAMBRA Beneth
08035079545 N/A
N/A
DISPATCHED
12 07-Feb-18 Gods Decision
4139
6095
45,000 JJT 161 YH
PMS
ENUGU
50/51 Ekwulobia-Oko Rd Umunze
Orumba
South East ANAMBRA Ken
07039492186 N/A
N/A
DISPATCHED
13 07-Feb-18 Hariz Pet
4696
4696
45,000 DNG 178 XA
PMS
ENUGU
Km 4 Enugu-Onitsha Old Rd Nkpor
Idemili
South East ANAMBRA Ify
08063454320 N/A
N/A
DISPATCHED
14 07-Feb-18 Hariz Pet
4695
9751
45,000 FGG 72 ZD
PMS
ENUGU
Km 2 Enugu-Onitsha Exp Rd Onitsha Onitsha
South East ANAMBRA Ify
08063454320 N/A
N/A
DISPATCHED
15 07-Feb-18 Aha U Ventures
4679
9756
45,000 BDG 104 XP
PMS
ENUGU
Km 5 Ekwulobia-Awka Rd, Orumba
South East ANAMBRA Obinna
08035238370 N/A
N/A
DISPATCHED
Orumba
ANAMBRA MAXWELL
NIL
IK
50
T H I S D AY ˾ ͯͰ˜ ͰͮͯͶ
51
MONDAY, FEBRUARY 12, 2018˾ T H I S D AY
INTERNATIONAL
email:foreigndesk@thisdaylive.com
Two Bodies Found at Russian Plane Crash Site, Says Emergency Two bodies have been found at the site of a Russian plane crash on Sunday, Reuters reported an official at the Russian Emergency Situations Ministry as saying. A plane operated by Russia’s Saratov Airlines crashed near Moscow on Sunday. There were 71 people on board and all of them are feared dead, the Russian authorities said. News agencies said witnesses in the village of Argunovo saw a burning plane falling from the sky. A source from Russia’s emergency services told Interfax that the 71 people on board“had no
chance” of survival. PresidentVladimir Putin offered his condolences to the families of those on board. “The president offers his profound condolences to those who lost their relatives in the crash,”Putin’s spokesman Dmitry Peskov said. State television aired a video of the crash site, showing parts of the wreckage in the snow. Russia has seen record high snowfalls in recent days and visibility was reportedly poor. The Russian-made plane was seven years old and bought by
Saratov Airlines from another Russian airline a year ago, according to AFP. Russian media reported that the emergency services were unable to reach the crash site by road and that rescue workers walked to the scene on foot. Emergency services said in a statement that more than 150 rescue workers were deployed to the site. A source at Domodedovo, Moscow’s second largest airport, told agencies that the plane disappeared from radars within two minutes of take off.
North Korea Keeps Mum on Summit Invite as Its Delegation Winds Up South Visit North Korea’s delegation sent to the Winter Olympics held “frank and candid” talks with South Korean President Moon Jae-in, Reuters reported the North Korean news agency as saying on Sunday, but it made no mention of the North’s invitation to Moon
to Pyongyang for a summit. The delegation, the highestranking to visit the South and led by the younger sister of the North’s leader Kim Jong Un, concludes its visit on Sunday after charming and intriguing the South Korean public, but still faces deep scepticism
over Pyongyang’s sincerity towards improving relations. Any summit between the two still-officially warring Koreas would be a coup for Moon, who has been pushing for a diplomatic solution to the standoff over North Korea’s nuclear and missile programs.
52
T H I S D AY ˾ ͯͰ˜ ͰͮͯͶ
MONDAY, FEBRUARY 12, 2018Ëž T H I S D AY
53
NEWS
Ă?ĂĄĂ? ĂŽĂ“ĂžĂ™Ăœ Davidson Iriekpen Ă—Ă‹Ă“Ă– davidson.iriekpen@thisdaylive.com, 08111813081
ICC Concludes Preliminary Investigation into Shiites Massacre Moves to prosecute officials
The International Criminal Court is moving gradually towards prosecution of Nigerian officials involved in the December 2015 massacre of members of Islamic Movements of Nigeria (IMN). The office of the prosecutor at the war crimes tribunal reached its preliminary conclusion into the killings in December 2017, submitted its findings to the Nigerian government and demanded explanations about the incident. The ICC said the attack on IMN members, which was carried out by the Nigerian Army and condemned by human rights voices across the world, violated international statutes on human rights. Also advancing at the
ICC is its investigation into the gruesome rights abuses and killings of members of separatist Independent People of Biafra (IPOB). The group has come under repeated assault by the Nigerian security agencies since October 2015 when its leader, Nnamdi Kanu, was arrested by the Department of State Services (DSS) in Lagos. Kanu was later moved to Abuja where he had been standing trial until September 2017 when he disappeared following a military raid on his country home in Umuahia. Premium Times reported the extra-judicial killing and mass burial of over 120 people in one of several attacks on proBiafra supporters in May
2016 by security agencies, an incident described as “a genocide� against the Igbo by IPOB leaders. The ICC has submitted its preliminary findings on the Shiites massacre to Attorney-General of the Federation and Minister of Justice, Abubakar Malami. The ICC prosecutors said they relied on the different channels of information, including the findings of the Judicial Commission of Inquiry set up by the Kaduna State Government. The panel had found several Nigerian Army officers culpable in the killings and recommended
them for prosecution, including Niyi Oyebade, a major-general who was the General Officer Commanding of the Nigerian Army 1 Division at the time. The IMN said it lost more than a thousand members in the attack that took place between December 12 and 14 at its headquarters in Zaria. A representative of the Kaduna State Government told the commission of inquiry that 347 bodies were handed over by the army for a secret mass burial. But despite the evidence,
the army claimed it killed only seven Shiites who blocked a public road and attempted to assassinate its chief, Tukur Buratai, a lieutenant general. It said troops only used force after it became clear that Buratai’s life was in danger. The leader of the IMN, Ibrahim El-Zakzaky, who was arrested by soldiers during the operation, has remained in the custody of the DSS more than two years later — in defiance of court orders that he should be released immediately in 2016.
If the ICC chief prosecutor ultimately gives an approval for a trial to go ahead over the crimes, it would mark the first time a Nigerian would be hauled to The Hague to stand trial for crimes against humanity. But a foreign affairs analyst, Ikenna Nwegbe, said the conclusion of investigation on the Shiites massacre might be a victory for human rights campaigners, but not likely to have any significant impact because of how Nigerian government views the allegations.
Senator: 20 Persons Killed in Latest Attacks on Nasarawa Communities Emmanuel Ukumba Ă“Ă˜ Ă‹Ă?Ă“Ă‹ The senator representing Nasarawa south senatorial district in the National Assembly, Suleiman Adokwe, has said not less than 20 persons have been killed in latest attacks on Tiv communities in the southern senatorial zone of Nasarawa State. Adokwe disclosed this at the weekend while donating relief materials worth millions of naira to the Internally Displaced Persons (IDPs) of the attacks in Agwatashi, Obi, Agyaragu and Doma towns in the southern senatorial zone of the state. He said: “In the last one week, the attacks have intensified and persisted. A lot of lives have been lost. At the last count, we know that not less than 20 people hav e d i e d a n d w e a re still counting because t h e re a re s t i l l p e o p l e in the bush.â€? “I am not trying to be sensational but bringing the graphic truth to the Nigerian public to know that the misery is rising on a daily basis. The sooner the government k e e p s i t w o rd s t h a t i t will send the military t o c o m e a ro u n d a n d crush this thing once and for all, the better f o r e v e r y b o d y. â€? T h e s e n a t o r, w h o i s the Chairman of the Senate Committee on Information and Orientation, said if government failed in
that responsibility “it is leaving people with no choice but to run helter-skelter and those pushed to the wall to stand and fight back. “In most cases you, will find that we are playing the Ostrich; this thing is from Benue State, it is not here. But people are dying. I have also exposed the fact that our common fate between Benue, Nasarawa, Taraba and Plateau States is one because we used to be Benue-Plateau State. That is what we are today. All of Wukari division was in Benue-Plateau State. So what affects Benue State affects Nasarawa, Plateau and Taraba States,� he said. He therefore suggested that if crisis starts anywhere, erection of security pillars should commence immediately in all those places in order to contain collateral damages. “But if you play the Ostrich that it is not happening here, it is happening elsewhere, before you know people are being killed. It will not be fair, it w i l l amount to playing of politics,� he explained. Adokwe concluded by kicking against any situation which people will capitalise on human misery to play politics. “ W h a t w e a re s e e i n g here is real and these people must go back to w h e re they will pursue their legitimate earnings,� he insisted.
FIRST PRIVATE MEDICAL UNIVERSITY DEBUTS
L-R: Member, Board of Trustees, Pamo University of Medical Sciences, Mr. Peter Odili Jr;  Pro-Chancellor, Dr. Peter Odili; Chancellor and former Head of State, General Abdulsalami Abubakar (rtd); and Rivers State Governor, Nyesom Ezenwo Wike, during the installation of the former Head of State as Chancellor and commencement of the university in Port Harcourt....weekendÂ
Lawmaker: Reinstatement of NHIS Boss will Boost Relations Between Executive, Legislature House c’ttee to resume probe of HMOs James Emejo Ă“Ă˜ ĂŒĂ&#x;ÔË The Chairman of the House of Representatives Committee on Heath Services, Hon. Chike Okafor (APC, Imo), has said the recent reinstatement of the suspended National Health Insurance Scheme (NHIS) Executive Secretary, Prof. Usman Yusuf, by President Muhammadu Buhari could restart an era of healthy relationship between parliament and the executive arm of government. His optimism was hinged on the fact that the executive had often refused to implement resolutions passed by the National Assembly - a development which had contributed to the strained cooperation between the two arms of government in recent times. He also hinted that with Yusuf’s recall, investigation into the activities of health insurance
providers, particularly the Health Management Organisations (HMOs) - an exercise which was temporarily halted following the former’s suspension by the Minister of Health, Prof. Isaac Adewole on allegations of corruption will be resumed.  He said: “We will continue with the investigations. And I will tell you that we’ve suspended the investigations because we didn’t recognise the fact that he was suspended. And he was not in the office for us to continue investigating the activities.â€? Speaking with journalists over the weekend, Okafor further said the reinstatement does not cast aspersions to the anti-corruption stance of the present administration. “You can’t question government sincerity and capacity to fight corruption.â€? He added that he had been vindicated for insisting that Yusuf be reinstated ab initio.Â
According to him: “Resolutions by the National Assembly were badly respected. And by the Minister and the ministry as in this case. I think the President stepped in and asked that the man should be recalled. For me, it’s a good thing and it’s a new thing for our democracy. “The National Assembly, House of Representatives in particular, came up with a resolution and it should be respected and the man has resumed. And I can tell you quite frankly that the man has resumed. So, it’s a vindication that I was right in the first place to have asked for his reinstatement. “And I’m glad to learn that part of the reasons the presidency adduced was being the fact that the House of Representatives also called for his reinstatement.� He said the controversy had centered on the power of the
minister to suspend an appointee of the president-elect and had been a running battle between the House and the minister until Yusuf’s recent recall - which also gave Adewole an opportunity to finally present his ministry’s budget to parliament.  He said: “We didn’t know he has been having issues with the minister. There was no proven case of corruption until the House of Representatives committee had that public hearing where we were investigating the activities of the National Health Insurance in relationship with the HMOs vis-a- vis the inability to deliver to the enrollees. “The man (Yusuf) came and made some damning revelations, and the minister was also present  at that public hearing and also agreed that the HMOs need to be investigated for us to know what they do with the billions paid to them every month.
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Fuel Crisis: Quit as Petroleum Minister Now, PDP Tells Buhari Says president has no clue to solution Onyebuchi Ezigbo ÓØ ÌßÔË The Peoples Democratic Party (PDP) has asked President Muhammadu Buhari to save Nigerians the trauma of sleeping at fuel stations by quitting as Minister of Petroleum Resources and allowing competent hands to manage its affairs. The party which described as unpardonable, the failure of the Buhari presidency to resolve its inflicted unabated fuel crisis which has brought untold hardship to Nigerians, regretted that the president has no answer to the
problem. It said President Buhari as petroleum minister must directly accept responsibility for the manifest failure in the oil sector, even as his government should be held responsible for the exacerbated economic and security situation in the country under its watch. In a statement issued yesterday by the PDP National Publicity Secretary, Kola Ologbondiyan, the party said it was disheartening that instead of being remorseful for its failures, the All Progressives Congress (APC)-controlled federal government has been busy
Saraki Condoles With Buhari over Death of Two Family Members The Senate President, Dr. Abubakar Bukola Saraki, has commiserated with President Muhammadu Buhari over the death of two members of his extended family - Hajiya Halima Dauda and Hajiya Ai’sha Alhaji Mamman. Saraki in a statement by his Special Adviser, Media and Publicity, Yusuph Olaniyonu, also condoled with Buhari’s Uncle, Mallam Mamman Daura over the death of his younger sister. “My family and I share with the president and his family this moment of grief,” Saraki said.
dishing out lies and fabricated indices in an attempt to give Nigerians false hope on issues related to the fuel crisis and the collapsing national economy. “We call on President Buhari to quit this all important ministry of petroleum resources and allow competent hands to save our people from the anguish and pains they have been subjected to in the last few months,” it said. The PDP said if President Buhari heeded wise counsel from well-meaning Nigerians since last year to quit office as the petroleum minister and allow a more competent and knowledgeable person to run the ministry, the situation would not have degenerated to excruciating
pains Nigerians suffer today. The party said the fact that the presidency has unapologetically failed to fix a national problem, which it last December promised to resolve within one week, shows it has no solution but intends to continue to hold the country to ransom. According to the PDP, the fact that there are inherent poor coordination, inefficiency and reported heavy sleazes in a sector that is under the direct supervision of the president, raises a lot of issues and speaks volumes of the evident mismanagement of the system for which the economy is now in complete shambles. “It is an appalling height of insensitivity that the president, as the Minister of Petroleum Resources,
has failed to take any decisive steps to arrest the situation, which has remained unabated since the last yuletide. “Rather, the sector has been delivered to an APC cabal, whose mission, particularly, the desperate re-election bid, largely accounts for the biting fuel situation and the economic misery Nigerians suffer today. “It is instructive to state that the presidency has refused to offer any explanation on the allegations linking the fuel crisis to the exposed siphoning of billions of naira through shady oil subsidy deals and the illegal lifting of crude oil worth trillions of naira, ostensibly to service APC interests ahead of the 2019 general
election. “The point is that owing to the ineptitude of the Buhari presidency and the desperation to remain in power, millions of Nigerians are languishing. “As we speak, the economy has further dipped in the last two months of this harrowing fuel situation; more businesses have folded up, prices of essential goods are skyrocketing and families are, more than ever before, under intense pressure of meeting economic demands. “Currently, marauders have chased farmers away from farmlands while Buhari presidency continue to wax lip sermons on serious issues of insecurity.”
He added: “I urge the president to be heartened and see the twin death as the will of Almighty Allah. “The death of a family member is often traumatic. It is much more unbearable when one loses two family members in a short interval. May God grant the president and his entire family the fortitude to bear this irreparable loss.” Saraki also prayed that Allah should grant the souls of the departed places among the righteous ones in Aljannah Firdaus.
Senate, SGF Direct PTAD to Reinstate Sacked Directors Iyobosa Uwugiaren ÓØ ÌßÔË The Senate and the Office of the Secretary to the Government of the Federation (OSGF), have both directed the Pension Transitional Arrangement Directorate (PTAD) to reinstate the five directors of the agency that were sacked last year. PTAD’s Executive Secretary, Sharon Ikeazo, had in March 2017 issued termination letters to Roz Ben-Okagbue, Director, Pension Support Services Department; Taiwo Ogundipe, Director, Parastatals Pension Department; Uloma Uruakpa, Director, Customs, Immigrations and Prisons Pension Department; Godson Ukpevo, Director, Civil Service Pension Department, and Atiku Dambatta Saleh of the Police Pension Department. She had stated that the employments of the directors were infractions of the public service rule, which states that an applicant must not be over 50 years of age at the time of recruitment. Dissatisfied with the action of the Executive Secretary, the aggrieved directors petitioned the Senate and the Office of the SGF. Their argument was that they responded to a job vacancy advertisement published by Michael Stevens, a reputable consulting firm, which was engaged by the agency in the recruitment process, and that at no time in the recruitment process was the issue of age stated as a qualifying factor. The directors argued further
that they were recruited from reputable organisations and engaged under a valid contract duly approved by the Ministry of Finance that supervises the agency and the Federal Character Commission. Consequently, the Senate at its sitting on January 23, 2018, considered the report of the petitioners for unfair termination of appointment by the directorate and resolved that “in view of the fact that the nation is battling to have its citizens actively engaged in gainful employment, the appointments of the four Directors (Atiku Saleh and three others) be regularized by converting them to contract staff, especially as their conversion would not be a breach to the Public Service Rules.” In a resolution made available to THISDAY, the Senate consequently wrote to PTAD and the SGF on January 26, 2018 - in two separate letters signed by M.A Sani-Omolori, Clerk to the National Assembly and directed the implementation of its resolution. The OSGF had earlier in October and November 2017 written similar letters to PTAD’s Executive Secretary directing the reinstatement of the affected directors on contract rather than pensionable employment as had earlier been recommended by the Office of the Head of the Civil Service of the Federation, OHCSF in the later staff audit report.
LEGISLATIVE MATTERS
L-R: Speaker, House of Representatives, Hon. Yakubu Dogara; Senate President, Dr. Bukola Saraki; and Clerk to the National Assembly, Alhaji Mohammed Ataba Sani-Omolori, during the opening ceremony of the ninth meeting of Clerks of the State and National Assembl ies at the National Assembly in Abuja... weekend
Agbaje Raises the Alarm over Looming Fiscal Challenge Says Nigeria’s foreign debt stock back to pre-2005 levels Ndubuisi Francis ÓØ ÌßÔË An economist, Mr. Opeyemi Agbaje, has raised the alarm over what he described as a looming fiscal challenge, saying the country’s current debt profile, particularly the foreign component, portends a looming fiscal challenge to the economy. Agbaje, who backed his position with graphic data from the National Bureau of Statistics (NBS), noted that Nigeria’s foreign debt stock has returned to the pre-2005 levels. The last figures from the Debt Management Office (DMO) indicated that Nigeria’s foreign debt stood at over $15 billion. Speaking at a media parley organised by the First City Monument Bank (FCMB) Plc in Abuja, Agbaje whose presentation was on ‘The
Nigerian Economy and Financial Sector in 2018,’ also lamented that naira debt has equally quadrupled. He noted that with the 2019 general election ahead, the debt situation would worsen, adding that although the economy exited from the recession it slipped into in the second quarter of 2016, the recent growth was oil-based rather than broad-based. Agbaje, who is the Chief Executive Officer of RTC Advisory Services Limited, stated that the diffusion effect of the GDP growth arising from oil may manifest in 2018. According to him, a major flaw in the government way of doing things was the adoption of a debt-led strategy rather than one that is investment-led. He regretted that resort by the country’s economic managers to debt-led strategy
turn out sub-optimal results. Agbaje noted that such suboptimal choices were direct consequences of pandering to political considerations. He also blamed the high poverty rate in the country to the country’s budget structure, adding that until the structure is reversed, the poverty index would remain unchanged. Explaining why the high poverty level is a function of the budget structure, Agbaje observed that about 75 per cent of annual budgets is reserved for recurrent expenditure. Such recurrent expenditure, he noted, only services just about three million public/ civil servants, leaving just 25 per cent of the budget for the rest of the population who are not in the public service. He argued that as long as the extant structure is unchanged, the high poverty
level in the country would subsist. On the current economic situation in the country, Agbaje noted that the economy has benefited from the rising oil prices in the international market as well as high production occasioned by the prevailing peace in the Niger Delta. “The Nigerian economy has benefited from rising oil prices and higher production and several macroeconomic indicators are trending positively,” he said, noting that there are however sufficient negatives including persistent low manufacturing performance, sharply rising unemployment, high inflation and fuel subsidy conundrum. He also pointed out that political risks have begun to rise with the forthcoming general elections.
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LASG: Yoruba Now Mandatory for Admission into Tertiary Institutions in Lagos Says violation will attract N500,000 or outright closure Mandates teaching of Yoruba Language in all primary, secondary schools Gboyega Akinsanmi All candidates seeking admission into all tertiary institutions in Lagos State must henceforth possess credit in Yoruba Language, the state Yoruba Language Preservation and Preservation Law has said. The law, which became effective last Thursday, would now make compulsory for all primary and secondary schools - private or public - in the state to include teaching of Yoruba Language as a core subject at all levels. The state Governor, Mr. Akinwunmi Ambode, had formally signed a bill into law “to provide for the preservation and promotion of the use of Yoruba Language and for connected purposes,� thereby making it the first state to enact law seeking to preserve and promote its indigenous language. He signed the law alongside the Attorney General and Commissioner for Justice, Mr. Adeniji Kazeem, Commissioner for Energy and Mineral Resources, Mr. Olawale Oluwo, his Information and Strategy counterpart, Mr.
Kehinde Bamigbetan and the Commissioner for Finance, Mr. Akinyemi Ashade, among others.  He equally signed six other bills into laws: the Amended Land Use Charge bill, School of Nursing bill, Cooperative College bill, Cancer Research Institute bill, Amended Customary Court bill and the State Electric Power Reform Law on the same day. However, the Yoruba Language Preservation and Promotion law provides that all the laws in the state “will be translated into Yoruba Language. Moreso, all stateowned tertiary institutions are to incorporate the use of Yoruba Language in the General Studies (GNS) courses. “The use of Yoruba language shall be an acceptable means of communication between individuals, establishment, corporate entities and government in the state if so desired by the concerned. It shall not be an offence for a person to speak Yoruba language by the state government,� the law reads in part. Specifically, the law stated
that any school in Lagos State that “fails to comply with the provisions of Section 2 commits an offence and is liable on first violation to issuance of warning and on subsequent violation be closed down and also pay a fine of N500,000.� After the governor approved the legislation, Bamigbetan explained the socio-cultural value of the Yoruba Language
Preservation and Promotion Law, 2018, which according to him, is the first of its kind in Nigeria. With the new law, Bamigbetan said Yoruba language “has become mandatory for all candidates seeking admission into our tertiary institutions. Yoruba will now become a major requirement to
engage in normal business communication in Lagos State. “This is a clear and conscious commitment to the position which Lagos State prides Yoruba language as the cultural vehicle for us to be able to articulate our position and it also shows that Lagos has further recognised the importance of language as a vehicle for development.�
He said anyone seeking admission into the Lagos State University, Lagos State Polytechnic, Michael Otedola College of Primary Education, Adeniran Ogunsanya College of Education, Lagos State School of Nursing and Lagos State College of Health Technology, among others must have credit in Yoruba language.Â
Catholic Bishops: Why We Told Buhari the Truth GOVERNOR OF THE YEAR L-R: Bayelsa State Governor, Hon. Seriake Dickson; Editor, Vanguard Newspapers, Mr. Eze Anaba; Deputy Editor, Vanguard Newspapers,
Say Yahaya Bello’s comments reckless Paul Obi Ă“Ă˜ ĂŒĂ&#x;ÔË The Catholic Bishops Conference of Nigeria (CBCN) yesterday gave reasons why they had to confront President Muhammadu Buhari with the truth on several national issues facing the country. The bishops had last week met with President Buhari at the Presidential Villa, Abuja, where they pointedly informed him of the failures of his administration. They explained to Buhari that “nearly three years later,â€? his “goodwill is being depleted by some glaring failures of government.â€? Speaking to THISDAY on the visit, CBCN President and Archbishop of Jos, Ignatius Kaigama, stated that the bishops “did not suddenly come upâ€? with the decision to confront Buhari with the truth. “It is the fruit of long experienc e of what o u r p e o p l e a re g o i n g t h ro u g h . We a re a t t h e g r a s s ro o t s w i t h t h e people. So we see, we hear and we feel what t he people are going through. “That’s what informed our going to the president just to share with him what our people are
going through.� Kaigama, who told THISDAY that at the meeting, the president was calm, respectful and gave the impression that he took the message well, observed that “the need for equitable distribution of resources and appointments in security or high level appointments� remain a critical challenge to the administration. The CBCN president also took a swipe at the Governor of Kogi State, Yahaya Bello, over comments credited to the governor that the bishops were not in tune with the fact that those grumbling and opposing the Buhari’s government were public treasury looters. Kaigama said: “I don’t even want to dignify that reckless accusation with an answer. If the president met us, understood us and was courteous to us, why will a governor come up with such generalisation, a very wild generalisation, and rubbished everyone? “Let our people deal with him, and we have millions of our people to tackle the governor. I don’t think any bishop will comment on such statement that has no prudence.�
Mr. Adekunle Adekoya; Chairman, Editorial Board, Vanguard Newspapers, Mr. Nnana Ocherome; and Manager, Advert Port-Harcourt, Mr. Jackson Otuseso, during a visit by a high-powered delegation from Vanguard Newspapers to the governor to present a letter of award as the Vanguard Governor of the Year 2017, at the Government House, Yenagoa....yesterday Ë›
Timi Frank: APC’s Reconciliation Coming Late Tinubu’s appointment timely, says VON DG
Onyebuchi Ezigbo Ă“Ă˜ ĂŒĂ&#x;ÔË
The Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has described President Muhammadu Buhari move to reconcile aggrieved stakeholders in the party as an effort too late in coming. In a statement issued yesterday, the APC duputy scribe said though the appointment of former Lagos State Governor, Senator Bola Tinubu, was a right decision, it would take a magic for him to successfully realise the target within the short time frame. Frank however urged all members and political leaders within the ruling party to support the appointment of Tinubu to reconcile all the aggrieved members of the party. While expressing reservations over the possibility of the exercise becoming a success and whether the efforts would not be in futility having taken a long time for the presidency to listen to his calls, Frank said: “Tinubu can not do magic because it’s already late. “If they had listened to me much earlier, when I was the only voice in the wilderness and appoint someone like this same Tinubu a year ago, may be the likes of former Vice President
Atiku Abubakar wouldn’t have left the ruling party. “There is no doubt that Jagaban is the right person to do this job of reconciliation. But unfortunately, the former Lagos State governor can not do magic because it’s already late and nothing will come out of it. Although some people might not like this truth, but I will continue to say it. “I don’t know how the national leader will go about this reconciliation task. But I pray that God will give him the necessary wisdom. To be frank, I don’t know how he will succeed in reconciling the likes of Senator Rabiu Musa Kwankwaso and Governor Umar Ganduje in Kano, Senator Shehu Sani and Governor Nasir El-Rufai in Kaduna, Speaker Yakubu Dogara and Governor Mohammed Abubakar in Bauchi, Rotimi Ameachi and Senator Magnus Abe in Rivers State, Senator Dino Melaye and Governor Yahaya Bello in Kogi State, former governor of Edo State Adams Oshiomhole and Chief John Odigie-Oyegun in Edo, crisis in Ondo, Lagos, Gombe, Bayelsa, Cross Rivers, Osun, Ekiti, Jigawa, Niger and Delta States,� he said. Frank congratulated the APC national leader for his new role and prayed God to grant him
(Tinubu) the needed wisdom to carry out the assignment, adding that “though I know that it is too late.� However, the Director General of Voice of Nigeria (VON) and a chieftain of the party, Mr. Osita Okechukwu, yesterday in Enugu hailed the appointment of Tinubu, describing it as timely. Okechukwu who spoke with journalists, said the appointment was a milestone for the ruling party, expressing confidence in the ability of the party’s national leader to deliver on the assignment. The VON DG said Tinubu’s appointment by President Buhari recently was timely as the party prepares for its national convention ahead of 2019 general elections. According to him, even though some people claimed that President Buhari is not a democrat, but “no doubt, the president is truly a converted democrat, and like most converts, he is passionate about reconciliation, which is the only missing link to the 2019 presidential victory. The peace process has commenced with Asiwaju as the Grand-TroubleShooter (GTS).� He maintained that only a person of Tinubu’s calibre could reconcile all the intra-party feuds in APC, pointing out that the
former Lagos State governor provided the critical supplement for APC’s victory in 2015.  “It is a milestone. I salute the president for appointing our national leader, Tinubu, to head such a crucial committee. It is timely and a welcome development. He was one of the core architects of the merger which gave birth to the APC, and has the Midas touch to stitch the torn parts. Let’s be honest, there are intra-party disputes which need a man of Tinubu’s caliber to fix,� he said. Probed further to name such crisis, Okechukwu said: “It is not crisis per se, but intra-feuds, which normally occur in every human association. Some of them are ego-based; some are ancient grudges while some are frictions which could be traced to the fact that APC is a polygamous household with many mothers and one father.� Confronted with the insinuations in the media that Tinubu’s invitation by the president is being resisted by the party supporters, who felt that he was sidelined, Okechukwu said: “I don’t want to comment on speculation, all I know is that our brothers in the Southwest appreciate the critical foundation President Buhari is laying nationwide in infrastructural development.�
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Ishaku Flays Sanusi over Accusation of Training Militia Wole Ayodele ÓØ ËÖÓØÑÙ Governor Darius Ishaku of Taraba State has accused the Emir of Kano, Alhaji Sanusi
Lamido Sanusi, of raising unnecessary alarm capable of causing disaffection among the peace-loving people of the state. Reacting to a statement by
Buhari, Governors Attend Third Day Prayer for Buratai’s Late Father President Muhammadu Buhari, Borno State Governor, Kashim Shettima, and the governors of Edo, Kebbi, Sokoto and Zamfara States yesterday joined the Chief of Army Staff, Lt-General Tukur Buratai, to observe the third day prayers for the repose of his father, Yusuf. The president, according to a statement by the Senior Special Assistant on Media and publicity, Garba Shehu, was represented by a government delegation led by the Chief of Staff, Malam Abba Kyari. Kyari was accompanied by the Minister of State for Power, Works and Housing, Sulaiman Hassan Zarma Babagana Kingibe, Alhaji Ismaila Isa and presidential aides, Ya’u Darazo, Sarki Abba and Garba Shehu. The Permanent Secretary, State House, Jalal Arabi, was also on the delegation. The president, in his message,
which was read by Minister Sulaiman Hassan listed the good qualities of the deceased which included honesty, patriotism and the fear of God, adding that these had endeared the late Yusuf to people of different backgrounds. The president described the late father of the Chief of Army Staff, himself a veteran of the World War 11, as a “man of exemplary conduct who had left behind lasting legacies for his country and beyond. He has indeed left behind a good name and reputation to be proud of.” Governor Shettima ,who responded on behalf of the grieving family and the people of the state, said his people would remain forever indebted to President Buhari for restoring peace to the Northeast. He promised that they would continue to support the administration.
the emir that he was training and arming militia in the state, Ishaku described Sanusi’s allegations as unfounded, misleading and very unfair to him. Debunking Sanusi’s allegations in a statement signed by his Senior Special Assistant on Media and Publicity, Bala Dan Abu, Ishaku stated that his administration has done a lot since inception to promote peaceful relationships among the ethnic groups and communities in the state. “The attention of the Taraba State Government has been drawn to a statement credited to the Emir of Kano, Sanusi, to the effect that the state government is training and arming militia in the state. “The emir’s allegation is unfounded, misleading and
unfair. The administration of Ishaku has done a lot since inception to promote peaceful relationship among the ethnic groups and communities in the state. “The government advises the Emir to rather use his vantage position as a traditional and religious leader to complement the peace efforts of the government than raise unnecessary alarm capable of causing disaffection among the peace-loving people of Taraba State.” Insisting that the emir’s allegation is unfair and unjust to Ishaku, the statement noted that even in the cases of herdsmen/farmers conflicts, the administration has ensured that the issues involved are promptly and amicably resolved and security provided so that no
party to the crisis suffers undue and unnecessary hardship. The government further maintained that the AntiOpen Grazing and Ranches Establishment Law was promulgated in furtherance of government’s peace efforts and wondered why a governor who has sacrificed so much in pursuit of peace and good neighbourliness would be accused of training militia to undermine his own peace efforts. Rejecting Sanusi’s allegation in its entirety, Ishaku maintained that his administration has not recruited militia and is not involved in the training of such people anywhere in or outside the state. Meanwhile, measures put in place by the state police command to ensure security of lives and property have
continued to yield positive results as the command at the weekend intercepted a suspected armed robber with arms and ammunition during a massive stop and search operation. The state Commissioner of Police, Mr. David Akinremi who disclosed this to journalists in Jalingo said the suspect had boarded a commercial bus from Jalingo to Takum but was intercepted at Bali. According to the CP, the suspect dropped his bag and jumped out of the bus and was shot on the leg by police operatives while trying to escape into the bush. Among the exhibits recovered from the suspects, who died of gunshot injuries on his way to the hospital, are three Italian Beretta pistols, nine rounds of .99mm and some charms.
Military Takes Over Oil Rich Ugborodo Community, Kills One Pirate in Delta Sylvester Idowu ÓØ ˿ ËÜÜÓ There was a fierce shoot out between suspected oil thieves, pirates, armed youths and heavily armed soldiers from the Joint Task Force (JTF) code-named Operation Delta Safe yesterday in the troubled oil-rich Ugborodo community in Escravos, Warri South-West Local Government Area of Delta. The soldiers, security sources told THISDAY last night, were in the community to flush out miscreants and armed youths causing crisis in the area which was threatening the $ 16billion Delta Export Processing Zone (EPZ) and $20billion Gas Revolution Industrial Park and several other oil and gas related projects in the area. It was gathered that the gun duel between the soldiers and the suspected miscreants, which lasted for several hours, led to the killing of one unidentified youth. The military operation, it was learnt, started first from the Madangho and Ajudiabo axis to Ogidigben where they encountered serious opposition last Saturday before extending their operation to the Ode-Ugborodo axis where the alleged head of the illegal bunkerer and his gang were overwhelmed by the superior fire power of the security agents and therefore allegedly fled into the bush while the soldiers took over the community. Former Vice-Chairman of Ugborodo Community Trust, Mr. Isaac Botosan, told journalists that the people of the community jubiliated over the military operation. “It is a welcome development to rid the community of those
miscreants, non-indigenes, oil thieves and armed youths. Itherefore appeal to the federal government to keep the military men on ground until the entire Ugborodo is secured for normal habitation and genuine business. “The military men should be stationed at Ugborodo to restore sanity until further notice. The head of the oil thieves and his gang have already fled. The Whole of Ugborodo is now free of the miscreants and their nuisance value. “Most of these youths are hired hoodlums from other community outside Ugborodo. In fact the one that was killed in the shootout is said to be from Ilaje axis. They were brought in to cause maximum insecurity in Ugborodo community through their illegal business and other social vices. I want the military men to remain at Ugborodo until total peace and sanity is restored,” Botosan stated. Some youths were said to have attacked the boat conveying the Ologbotsere of Warri kingdom to Ugborodo on Saturday evening injuring some persons until they were over powered by the security escort team that paved way for the easy landing of the chief. A faction of the Ugborodo youths at Escravos had pronounced themselves to be outside the domain and authority of the Itsekiri monarch recently just as Ugborodo elders and respected indigenes had denounced the youths for taking their exuberance too far and beyond acceptable limits. Effort to get the Media Coordinator of JTF. Major Abdullai Ibrahim proved abortive as his phone was failed to connect.
LONG MAY YOU REIGN
R-L: Enugu State Governor, Hon. Ifeanyi Ugwuanyi; wife of the Igwe, Theresa Odo; Igwe Fredrick Odo of Eha Etiti; Chairman, state Internal Revenue Service, Mr. Emeka Odo; and Permanent Secretary, Federal Capital Territory, Sir. Chinyeaka Ohaa, at the presentation of staff of office to Igwe Odo by the governor in Eha Etiti, Nsukka Local Government Area of the state....weekend
Air Peace Raised False Alarm on Burglary on Cargo of Aircraft, Says NCAA The Nigerian Civil Aviation Authority (NCAA) has declared as false alarm, allegations of burglary attempt on the Cargo Hold of Air Peace aircraft at 18 Right runway of the Lagos Airport. Categorically, the NCAA described the incident as unfounded. The spokesman of NCAA, Sam Adurogboye, disclosed this yesterday. According to Adurogboye, conclusion was arrived at after the regulatory authority reviewed all the reports from the relevant agencies concerning the incident , which proved to be untrue. According to him, investigations by the regulatory authority, security agencies and other agencies at the Lagos Airport indicated that Air Peace raised a false alarm as the alleged burglary is largely unsubstantiated, unproven and should be discountenanced.
In a statement, Adurogboye said: “Last week, there were reports that the Pilot-inCommand (PIC) of Air Peace Flight no. APK 7138 with Aircraft no. 5N-BUJ had alerted the Lagos Control Tower that the Aircraft’s AFT Cargo Compartment has been opened. “According to the pilot in his report to the Tower, he noticed that the cargo compartment light came up for 15 seconds and went off. This means someone has opened the compartment’s door. “The Air Traffic Controller on duty confirmed receiving the report at about 1933hrs (1833GMT). In line with Standard and Recommended Practices (SARPs), Aviation Security personnel were at the Holding Point of Runway 18R monitoring the departure/ take off of both Air Peace and Arik Air aircraft.
“The PIC alarm triggered an immediate response. The Escort team overtook the Arik aircraft for a more proximate field look and access to the Air Peace Aircraft. “On full speed, with the full lights on, no person(s) was found within the vicinity of the aircraft. Importantly, the Arik aircraft which was on queue immediately after the Air Peace aircraft was similarly put on observation at this point. “The Arik Air aircraft also had its full complement of lights on towards the Air Peace aircraft having being aware of his counterpart’s conversation with the Tower. With benefit of this full view, neither movement nor any sign of person(s) was sighted around the aircraft.” He further said: “Thereafter the Air Peace PIC requested to taxi back to the Apron at D45 to check if anything had been stolen. In addition, he
wanted to clear his doubts that a bomb may have been thrown into the aircraft. “At D45, the Airport Chief Security called the NPFEOD (Explosive Ordinance Disposal) team who reported with their equipment at about 2026hrs. Passengers were disembarked at 2028hrs. The EOD team joined by FAAN’s Aviation Security and Air Peace Security conducted a search on the Cargo compartment and the passenger cabin of the aircraft. “The search was completed at about 2055hrs and the aircraft was declared safe by the EOD Team leader. The Air Peace PIC therefore briefed the passengers of the EOD’s all clear decision and that the service shall be operated. All passengers re-boarded and the aircraft was escorted to the holding area for take – off by the Escort teams from FAAN AVSEC and the Military Airside Patrol.
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NEWSXTRA
Innoson Chairman, Chukwuma Asks Court to Stay Execution of Bench Warrant Appeals order Christopher Isiguzo ÓØ ØßÑß Barely 24-hours after an Ikeja High Court presided over by Justice Mojisola Dada issued
a bench warrant against him in a case of alleged forgery, the Chairman/Managing Director of Innoson Vehicle Manufacturing (IVM), Chief
Foundation Laying for Editors’ Plaza Holds March 1 The foundation stone laying ceremony for the multi-purpose Editors’ Plaza owned by the Nigerian Guild of Editors (NGE) will hold on March 1, 2018 at the project site located in the Guzape District of Abuja. Former Governor of Akwa Ibom State, Senator Godswill Akpabio, who is also the Senate Minority Leader will chair the event, while foremost industrialist and Chairman of BUA Group, Alhaji Abdulsamad Rabiu, will perform the traditional ‘turning of the sod’ to herald the construction of a befitting plaza for Nigerian editors in the Federal Capital Territory (FCT). The Minister of the Federal Capital Territory, Alhaji Mohammed Bello, and his Information and Culture counterpart, Alhaji Lai Mohammed, are expected to grace the occasion. Other dignitaries expected at the event are governors, heads of ministries, departments and agencies (MDAs), members of corporate Nigeria, the business community, media executives, etcetera. The journey of the proposed Editors’ Plaza started on April 10, 2014 with a fund-raiser in Abuja under the leadership of
the then President of the Guild, Mr. Femi Adesina. The goal was to raise funds to build a befitting secretariat for the Guild in Abuja to be named as Editors’ Plaza. It is worthy to note that in its over 55 years of existence, the Guild does not have a secretariat of its own. Part of the money realised from the fund-raiser has been used to acquire a property in Ikeja area of Lagos State christened Editors’ House which functions as the Guild’s secretariat in Lagos. The President of the Guild, Mrs. Funke Egbemode, said part of the proposed Editors’ Plaza in Abuja would serve as the guild’s secretariat in Abuja while the rest would be leased to the public as offices. When completed, the multistorey edifice which sits on an expansive 5,600Sqm piece of land will add to the vastly changing Abuja landscape. According to Egbemode, the construction of the Editors’ Plaza offers friends of the guild, individuals and corporates, and all advocates and lovers of free press an opportunity to partner with Nigerian editors whom she described as the torchbearers of the nation’s democracy and bulwark against tyranny.
Innocent Chukwuma, has returned to the court, seeking a stay of execution of the order. The embattled automobile manufacturer would also head for the Lagos Division of the Court of Appeal to formally challenge the trial court’s decision of February 9, 2018, as well as the order that he should be arrested. Justice Dada had ordered that the Innoson owner be arrested and kept in custody a day before the next adjournment and be produced on the adjourned date, March 14, 2018, for probable arraignment over alleged forgery. But in a motion on notice filed through his counsel, Odinaka Anajemba ESQ of McCarthy Mbadugha and Co, on February 9, 2018, at the High Court of Lagos State for stay of the execution of the court’s order, and which copies were made available to THISDAY in Enugu, Chukwuma insisted that the
order be stayed pending the determination of the appeal filed against the order. Counsel to Innoson, Prof J.N Mbadugha, had during the court proceedings on February 9, 2018, raised an objection to the court that there is a motion pending at the court of appeal to stay commencement of proceedings and execution of the court’s order of January 17, 2018, that the information be served on counsel thereby questioning further the jurisdiction of the court to entertain the matter. Mbadugha also called the attention of the court to the motions pending in the matter viz: that the charge is an abuse of process because a similar charge on the same subject matter is pending at the federal high court Lagos division between the same parties in charge no FHC/l/565c/2015. He also moved a motion that the court recuses or disqualifies itself from further conduct of the proceedings; a motion that
EFCC cannot be heard in any application until it withdraws the charge given a pending motion against it praying that it be restrained from filing any charge in respect of the same subject matter of the charge that was struck out until the determination of the appeal against the court’s order striking out the previous charge-Charge No. ID/197c/2013. Mbadugha also informed the court that the third defendant has not been served and as such, the court lacked the jurisdiction to entertain the matter. On the appeal filed at the appellate court, counsel to Chukwuma also stated that the learned judge erred in law when she assumed the jurisdiction to entertain the matter because there was an issue before the trial court that the information/charge is an abuse of process and it is not within the jurisdictional competence of the court
and that of Economic and Financial Crimes Commission (EFCC) has no power to investigate, initiate and prosecute the appellants (Innoson) for forgery, altering and stealing. In consequence whereof, the court lacks the jurisdiction to entertain the matter. He claimed that the learned trial judge failed to determine the aforesaid issue. “The learned trial judge failed to appreciate that the issue as raised divests the court of the jurisdiction to entertain the matter,” he said. Mbadugha therefore prayed that the court set aside the decision of the judge and the bench warrant against or for the arrest of the appellant (Innoson) issued and or ordered by the trial judge. This court processes, according to the Head of Corporate Communications, Innoson Group, Cornel Osigwe, have been duly served on the EFCC.
TMTR Training Room Launches in Lagos, Holds Maiden Edition The TMTR Training Room, a skills-based, practice-led certificate-awarding institute, commenced operations with a training programme for select journalists drawn from the print, broadcast and online platforms February 10, 2018. It is run by Toni Kan and Peju Akande. The programme focused primarily on equipping the participants with tools and insights to better understand the Cybercrimes Prohibition Act 2015 and how it affects their practice, especially with the imminent 2019 elections. The institute was conceived in January 2015 with the mission to evolve a teaching culture that would help train and empower practitioners who would change the creative industry for good by upholding the highest ethical and professional standards. The inaugural programme also focused on the Fake News phenomenon that has taken the world by storm no thanks to the democratisation of access to the internet and the rise of social media. The programme provided insights to the legal
pitfalls bedevilling the modern day journalist working at a time when the internet has enabled the emergence and growth of citizen journalists. Facilitators included Peter Okwoche of the BBC, awardwinning writer Kaine Agary who is also co-founder of Takkai as well as Toni Kan Onwordi, award-winning writer and PR maven. A statement from TMTR said the institute hopes to provide their students with a space for learning new and enhancing old skills. “Using a practical case study and scenario painting approach, students will interact with practitioners from whom they will gain new insights, learn new skills and discover new tools to navigate new landscapes. “We will pursue a trajectory of instruction and learning that privileges the case study over the merely theoretical as a means of not just teaching but demonstrating how it has been done and how success has been achieved,” said the statement.
COURTESY VISIT
L_R: Secretary, Nigeria Union of Journalists (NUJ), Lagos State Council, Mr. Afred Odifa; Vice Chairman, Mrs. Biola Beckly; Chairman, Dr. Qasim Akinreti; Lagos State Commissioner for Information and Strategy, Mr. Kehinde Bamigbetan; Special Adviser to the Governor on Information and Strategy, Mr. Idowu Ajanaku, during a courtesy visit to the commissioner in his office at Alausa...recently
Health Workers Give FG 21-day Strike Notice Solomon Elusoji
was taken after their threeday consultative meeting in A strong indication of an Abuja where it was resolved industrial strike in the health that the federal government sector emerged yesterday should urgently revisit the as members of Joint Health constitution of the membership Sector Unions (JOHESU) of the boards of all the Federal and Assembly of Healthcare Health Institutions (FHIs) as Professional Associations the list of members published (AHPA) have vowed to in December 2017 seriously embark on a nationwide strike violates the Teaching Hospital if the federal government Act which provides that does not address their three a representative of health providers must be appointed discontentment. According to the National on all the boards. The JOHESU/AHPA noted Chairman, JOHESU, Biobelemoye Joy Josiah and that the government did not National Secretary, JOHESU, appoint members of JOHESU/ Ekpebor Florence the decision AHPA on the boards despite
the fact that a formal list was sent on request, thereby, breaching one of the terms of its September 30, 2017 Terms of Settlement to redress the perennial lopsided composition of the boards of the FHIs. The JOHESU/AHPA lamented the delay tactics and alleged deliberate foot-dragging of the federal government in approving the adjustment of CONHESS scale as was done for CONMESS since January 2014 and also replicated with yet another approval for the same CONMESS in September, 2017 for the medical doctors.
They resolved to reconvene after 21 days of its communication to the federal government if there is no positive response and declared that after 21 days with effect from Thursday last week, it might no longer be in a position to guarantee industrial harmony in the health sector. JOHESU/AHPA appealed to its restive members for calm while the leadership appraises and monitor the resolve of the federal government to fully comply with the Terms of Settlement with JOHESU on September 30, 2017.
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Osoba: I Only Receive N676,000 from Ogun State Monthly Gboyega Akinsanmi Former Ogun State Governor, Chief Olusegun Osoba, at the weekend disclosed that he never benefited from outrageous pension packages for former governors and their deputies in most states of the federation. Osoba, a national leader of All Progressives Congress (APC), equally disclosed that the only thing he “is receiving monthly from the Government of Ogun State since he left on May 28, 2003 is N676,000.” He revealed this at a session with journalists in his residence, Ikoyi, saying his monthly package “is consistent with the rules and regulations of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).” Across the federation, different state Houses of Assembly had enacted their own version of the Governor and Deputy Governor Pensions Laws, which award outrageous life pensions for the ex-governors of their states. In the case of Akwa Ibom State, an ex-governor and spouse could not spend more than N100 million a year, and a former deputy and spouse a maximum of N30 million. Likewise, widows or widowers of former governors are entitled to N12 million a year, while deputy governors would get N6 million. In Rivers State, a former governor is entitled to just one house anywhere in Nigeria and three new cars every four years. It equally provides for free medical care for the former governor and deputy and their families which cover both married and unmarried children. While each state of the federation has its own version
of the law with different benefits and privileges for its former governors and their deputies, over N37.367 billion has been allegedly paid to 47 former governors from 21 states in pension payments, provision of houses, staff, and vehicles replaceable between three and four years. As a former governor, however, Osoba said he never received outrageous pension packages from the Government of Ogun State since he left office almost 15 years ago. Rather, according to him, “the only thing I collect from Ogun State since I left office is N676,000 monthly. During the administration of Governor Gbenga Daniel, Osoba disclosed that the state government did not pay his entitlement until some highly placed traditional rulers and other prominent people in the state intervened before he started paying some of his entitlements. He said the N676,000 pension “does not even cover the cost of fuelling my car in a month. The tax that I pay to Ogun State yearly is in millions when you look at the balance sheet. I am putting more into the coffer of Ogun State than what I am taking from the state. “I will only speak for myself. I cannot comment on others unless I have facts and figures indicating what they are collecting with what they are collecting in their various appointive or elective offices now. If I am holding any appointive office, I will rather collect all my entitlements because the N676,000 I am collecting from Ogun State cannot sustain me.” Contrary to what some critics said, Osoba said the RMAFC
made provisions for changing cars of former governors and their deputies every three years “If the issue of car is covered under the law, it is their right and entitlement. Let us be honest with ourselves, in the 1999 Constitution, former presidents and governors are not by law allowed to hold any office with any multinational company or conglomerates.” Osoba, therefore, noted that he was not against the regular change of vehicles for ex-governors, explaining that lives of former governors “are endangered because we must have stepped on a lot of toes with the decisions that we took when we were in office.” Unlike the issue of changing cars, Osoba condemned ostentatious living, saying the government “can change a car as recommended by the RMAFC, but not a fleet of cars. That is too much. Changing a car once in a while is not too much, though I have never benefited from this provision.” He disclosed that the only time the Government of Ogun State changed his car was when he turned 70 almost nine years ago, noting that the state government “has not given me that privilege since the last 15 years. “I do not mind because the way any governor lays his bed today is the way he will sleep on it tomorrow. If they leave office and ask for what they do not give to me, I will raise the alarm and fault them. “Like my medical treatment. I know how much I have spent, but nobody asked me. A lot of prominent Nigerians have asked me to demand it. But I refused to make such demand. I do not want anything scandalous.
PCNI Donates N2bn Building Materials, Medical Equipment to Borno Olawale Ajimotokan ÓØ ÌßÔË The Presidential Committee on North-East Initiative (PCNI) and the Presidential Committee for Victims Support Fund have donated building materials valued at N2 billion to the Borno State government towards the reconstruction of communities destroyed by Boko Haram insurgents. PCNI Vice-Chairman, Tijjani Tumsah, presented the materials in Maiduguri at the weekend to Governor Kashim Shettima, while flagging off the Housing Refurbishing Material Support Programme to provide access to improved housing for returnees and people directly affected by the insurgency. The presidential committee donated 298,000 pieces of timber, 59,710 ceiling boards, 20,865 bags of assorted nails, 14,100 bundles of zinc and 2,400 bags of cement to nine local government areas where reconstruction works were ongoing. Biu, Gwoza and Monguno
Local Government Areas got 50,000 pieces of timber, 2,275 bundles of zinc, 2,650 ceiling boards and 350 bags of cement each, while 48,000 pieces of timber, 2,275 bundles of zinc, 2,650 ceiling boards and 350 bags of cement were donated to Damboa Local Government Area. Five local governments, Guzamala, Kala-Balge, Kukawa, Mafa and Ngala, received 20,000 pieces of timber, 1,000 bundles of zinc, 2,053 bags of assorted nails, 5,670 pieces of ceiling boards and 200 bags of cement each. Also, PCNI handed over to Shettima healthcare facilities meant to furnish a hospital in Bama Local Government. The facilities include x-ray machines and 240 adult beds. “Rebuilding of hospital infrastructure is meant to complement our short-term interventions such as the medical outreach programs that have been going on across the north east,” Tumsah said.
Shettima thanked PCNI for the intervention, noting that it will fast-track the ongoing reconstruction works and subsequent resettlement of the internally displaced persons. He explained that his government was determined to resettle all displaced persons to their communities by May 29. He called on the committee to extend similar intervention in its next tranche to other local governments of the state where reconstruction works are ongoing, including Askira Uba, Chibok, Konduga and Marte, among others. Since its inauguration in 2016, PCNI has made several interventions across various sectors particularly in areas of reconstruction, education, healthcare and peace-building in the North-east region. Tumsah said in an event in Adamawa in September last year, that N6 billion was spent in various interventions programs in the six states of the region.
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MONDAYSPORTS
Group Sports Editor Duro Ikhazuagbe Email duro.ikhazuagbe@thisdaylive.com
CAF COMPETITIONS
MFM Holds Real Bamako as Plateau Utd Wins in Jos Akwa Utd walks tight rope with 1-2 home defeat in Uyo Femi Solaja with agency reports It was contrasting fortunes for all the three Nigerian club sides competing in CAF club competitions yesterday. One home win in Jos, an encouraging away draw in Bamako, Mali and a scandalous home loss summarised the performance of Nigerian clubs on all fronts. Although all the three representatives are debutants in the competitions, it was current league champions, Plateau United that came out with a comfortable 3-0 win against visiting Eding Sports FC of Cameroon in Jos. Similarly, in Bamako, debutants, Mountain of Fire and Miracle FC secured an encouraging 1-1 result against Malian side, AS Real Bamako who forced them to a draw in the first leg of the CAF Champions League qualifiers. MFM shocked the home fans when the Olukoya Boys took the lead in the 15th minute courtesy of Akinyemi Nojeem but their lead only lasted two minutes as Miakib Giscard drew the home side level with a powerful header. Both teams went into the half time break level at 1-1, and despite massive pressure from the home side, the Nigerians hanged on to claim a score draw which could prove valuable in the return leg. In Jos, Plateau United dominated the early exchanges but a lack of cutting edge upfront including good goalkeeping from the goal tender of the visitors kept the Nigerians at bay. Plateau United got rewarded for their early pressure when they were awarded a penalty after Eyenga Alain handled the ball in the vital area in his bid to deny the home side a shot at goal. Tosin Omoyele’s spot kick was stopped by goalkeeper Ndjome Lionel, but Elijah Oghene was within the area to slot in the rebound and put Nigeria in the front seat. In-form Sunday Ingbede doubled the lead mid way in the second half before Joshua Obaje wrapped up the victory dip into the injury time.
While the two clubs gave good account of themselves in the CAF elite competition, Akwa United got their CAF Confederation Cup campaign underway on the wrong foot after losing 1-2 at home to visiting Hawks FC of Gambia at the Godswill Akpabio International Stadium in Uyo. The game started on a promising note for the Nigerians but it was the visitors who took the lead 15 minutes into the encounter after a blunder by Akwa United goalkeeper Olorunleke Ojo. Ojo punched a harmless free kick unto the path of Mohammed Jallow who tapped home from what was the first shot on target by the visitors, and it got better for them four minutes after the half hour mark. The visitors made their host pay for a miss by Ubong Friday shortly after they have taken the lead, with Lamin Charity profiting from yet again another poor decision by Ojo to put the Gambians two goals up. Charity took advantage of the poor position of the former Nigeria U20 goalkeeper with a fantastic lob to put his team two goals up. A lead which they protected up to the half time break. Fifteen minutes to full time, Victor Mboama scored from close range to hand the Aiteo Federation Cup winners a life line, but tried as they could Hawks FC hanged on to claim a memorable 2-1 win ahead of the return leg in two weeks time in Gambia.
RESULTS NPFL
Rangers 1-0 El Kanemi Go Round 1-0 Abia Warriors IfeanyiUbah 2-0 Heartland Kwara Utd 2-1 Katsina Utd Tornadoes 1-0 Nasarawa Sunshine 0-0 Kano Pillars Yobe Stars 1-0 Rivers Utd
EPL
Newcastle 1-0 Man Utd South’pton 0-2 Liverpool Huddersfield 4-1 Bo’mouth
La Liga
Sevilla 1-0 Girona Celta 2-2 Espanyol Barca 0-0 Getafe
Managing Director, Seven-Up Bottling Company Plc. (SBC), Mr. Ziad Maalouf (2nd left), his wife, Rosy, and Head of Marketing, Mr. Norden Thurston (left), leading the SBC Team during the Lagos City Marathon which took place on Saturday in Lagos
NB Plc Celebrating True Nigerian Spirit with Five-year Partnership with NFF Managing Director/CEO of the Nigerian Breweries Plc, Jordi Borrut Bel, has described the five-year partnership between the brewery giant and the Nigeria Football Federation (NFF) as an opportunity to celebrate the true Nigerian spirit. Speaking at the weekend when NB Plc and the football federation sealed a five-year partnership worth N450million a year, Bel insisted that his company was inspired by patriotism and passion. “We are indeed delighted about this partnership between Nigerian Breweries Plc and the Nigeria Football Federation (NFF). This relationship provides us an opportunity to celebrate the true Nigerian spirit that is fuelled by patriotism, passion and desire for victory, through the platform of Football,” observed Bel at the event which took at the Lagos brewery bar. The agreement makes Star Lager the ‘Official Alcoholic Drink of the Super Eagles’ while Amstel Malta is now the ‘Official Malt Drink of the NFF and the National Teams,’ including Russia 2018 FIFA World Cup-bound Super
Eagles. President of the NFF, Amaju Pinnick, restated his position that NB Plc is “an organisation that has been a torch-bearer of excellence and corporate social responsibility for the several decades it has operated in Nigeria,” while Pinnick said: “There were other companies that were interested in these categories but once Nigerian Breweries landed, they landed with conviction, with panache and with finality. “We are happy to be involved with them, and I must praise Pamodzi Sports Marketing Chairman Mike Itemuagbor, as well as Mitchell Obi and Ejiro Omonode for the roles they played in actualising this wonderful relationship. “The NFF is delighted to be in this relationship, and we want to assure you that Nigerian football will meet your expectations all round,” pledged the NFF chief. With 10 former Nigeria captains watching and the crème de la crème of Nigerian football administration seated, it was no surprise when NB
Plc’s Marketing Director, Franco Maria Maggi declared: “We are not thinking of five years for this partnership. We are thinking of eternity. It is a dream that we
Nigeria Women Football League (NWFL) Chairperson, Aisha Falode, has described as a new dawn in women football development the recent endorsed Memorandum of Understanding (MoU) between the women football governing body and the Sports Association of the National Spanish Football Competition, LaLiga de Futbol Professional (La Liga). The agreement between the two league bodies is aimed at promoting gender equality in sports through integration of women in football while encouraging access to sports management, education and the development of CSR activities. Falode said the strategic alliance and partnership with the world renowned league (La Liga) was timely as it is expected to speed up the growth of the game in
the country. “This is a very timely and important development for the NWFL and Nigeria women football as a whole. A strategic alliance and partnership with LaLiga recognised as the world’s best league is definitely a good step forward and in the right direction towards the growth and development of the women game in Nigeria. “It’s a new dawn for women football in Nigeria, this is just the beginning of greater things to come for the NWFL as better days are fast approaching. “With the long string of success of our women’s national teams in international competitions and their dominating status on the African continent (an achievement that is firmly rooted in the depth, quality and management of nation’s women league) this
partnership will help us bridge the gap with the development of the game in the western world,” said Falode. The LaLiga Women Football Director, Martina Olivas said the partnership with the NWFL was a firm demonstration of the La Liga commitment towards lending a helping hand to women’s leagues across the globe to achieve their set goals. “In LaLiga, we have a firm commitment to supporting the development of women football not only in Spain but also internationally as evidenced by agreements just like this one. “We understand the growing strength of women football globally and we believe that this partnership will bring great benefits to both parties. “A particular notable aspect of the partnership will include the
have nursed for a long time. It is the ideal thing for Nigerian Breweries to partner Nigerian Football. We are keen to win with Nigeria.”
Chairman, GAC Motors, Chief Diana Chan (left) presenting the key of a brand new saloon car to the winner of the 10km male category, Sadjo Ismail, during closing ceremony of the Access Bank Lagos City Marathon 2018 held in Lagos
African Sports Writers Nominate Wike for ‘Power of Sports’ Award Falode Says LaLiga/NWFL MoU Timely for Growth of Female Football Ernest Chinwo in Port Harcourt The International Sports Press Association, Africa (AIPS), has nominated Rivers State Governor, Nyesom Wike, for the AIPS Africa ‘Power of Sports’ (POS) award. President AIPS Africa, Mr Mitchell Obi, announced this during a courtesy visit to the governor at The Government House in Port Harcourt yesterday. Mitchell Obi, who led presidents of some African countries’ sportswriters unions to Port Harcourt stated that the AIPS would bestow on Wike with a badge of honour in recognition of his investments in the sports sector. Obi who disclosed that Wike is the first recipient of the award in the African continent, said there are four other awardees
globally. The AIPS Africa president said the award ceremony would hold at a later date during the international congress of the association. Responding, Governor Wike dedicated the award to the people of Rivers State, pledging to sustain the development of sports in the state. He assured the global association of sportswriters that he would live up to the requirements of the award by ensuring that sports is used as a tool for empowerment. Wike said sports is being used in the state to promote peace, unity and development. The governor noted that the African Wrestling Championship hosted by the state government has promoted the unity of the continent.
exchange of football knowledge and experience between both parties. LaLiga will facilitate the development of television commercials for the women football division in Nigeria,” stressed Olivas. LaLiga delegate in Nigeria, Javier Rio said the partnership was an affirmation of the office in Nigeria to encourage the development of the game in the country. “This is a very important agreement for LaLiga and its office in Nigeria as it helps us to reaffirm our commitment on the development of football in the country. “Women’s football in Nigeria is already a benchmark in Africa and internationally and we are pleased to be able to collaborate with a league that has this much potential.
Monday February 12, 2018
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MISSILE Mandela Foundation to Jacob Zuma “Hearings, investigations, enquiries and other forms of disclosure are providing overwhelming evidence that systematic looting by patronage networks linked to President Zuma have betrayed the country Nelson Mandela dreamed of as he took his first steps of freedom 28 years ago. President Zuma has abused the trust of South Africans. He must go, sooner rather than later” —Nelson Mandela Foundation in a statement on Tuesday, calling on the embattled South African President to quit
ALEXOTTI OUTSIDE THE BOX
alex.otti@thisdaylive.com
How Good People Elect Bad Leaders
I
t was George Jean Nathan (1882-1958) who said that “bad leaders are elected by good people who do not vote”. Born on Valentine’s Day in 1882, Nathan was an American drama critic and magazine editor. He was concerned about the degree of voter apathy in the 19th and 20th century America. Being confronted with (otherwise good) citizens who thumped their chests and celebrated the fact that they didn’t participate in voting a failed leader, he argued that not participating in an election was actually a vote for the wrong candidate. A lot of people must have been inundated with messages on different social media platforms and elsewhere urging citizens of voting age to step out and obtain their permanent voters cards by getting registered and also ensure that they vote in the upcoming elections. In fact, some of the messages are so funny and humorous that one wonders what the authors were thinking about while crafting them. One of such messages making the rounds in the social media goes thus “INEC will not count prayer points. Go and register and get your Permanent Voters Card (PVC) now and get ready for 2019”. It goes further to admonish that it is your responsibility to ensure that good leaders are elected at all levels. Kneeling down and praying cannot do it. What will do it is the simple action of ensuring that you vote and the additional responsibility of ensuring that your vote counts. Others have even suggested that the PVC should work like the identity card and that people who do not have it should be excluded from benefitting from government. To this, someone despairingly questioned, “What benefit does a Nigerian get from its government?” One major problem plaguing Nigeria is the leadership question. We seem to be groping in the dark from one set of blind leaders to another. Sometimes, it would look like we made progress and subsequent leaders would emerge and take us further back, far behind where we were coming from. Some things we would have ticked off as being settled, suddenly appear on the front burner, assuming a more terrible dimension and mutating to torment us further. We therefore seem to be engaged in a macabre ballroom dance, one step forward, two steps backwards or more accurately, several steps backwards. Virtually all the problems we are dealing with are traceable to poor leadership. From infrastructural decay to the poor state of the economy and from a failed health care delivery system to poor educational quality are all products of bad governance over time. Surprisingly, we had managed to find all sorts of excuses for the failure of leadership. For a long time, we blamed the colonial masters for bequeathing us a fundamentally flawed nation state. Later, it was the turn of the military to take the blame. Since we have had relatively stable democracy in the last two decades, I believe we are now running out of excuses. The blame game now seems to be between the rulers and the ruled. It is very convenient
INEC Chairman Mahmood Yakubu
for the electorate to sit in the comfort of their homes and pour invectives on politicians for all the failings in the country. They call them all sorts of names from thieves to corrupt people and even buccaneers. They are perceived to be selfish, insensitive and wicked. In some cases, the explanation is that the leaders are bereft of ideas and had little or no preparations before hijacking the instrument of coercion either by fair or foul means. People who make these arguments, seem to forget the saying that every society gets the leadership it deserves. These are people who are proud to dissociate themselves from politics. Sometimes, they claim that they do not want to be ‘tainted’ by politics as according to them, politics is a dirty game. They miss the salient point made by the 20th Century philosopher, Eugen Bertolt Fredrich Brecht (1898-1956) that “the worst illiterate is the political illiterate. He hears nothing, sees nothing, and takes no part in political life. He doesn’t seem to know that the cost of living, the price of beans, of flour, of rent, of medicines, all depend on political decisions. He even prides himself on his political ignorance, sticks out his chest and says he hates politics. The imbecile doesn’t know that from his political non-participation, comes the prostitute, the abandoned child, the robber and, worst of all, corrupt officials, the lackeys of exploitative multinational corporations”. It is heartwarming that a lot of our citizens are finally showing interest in how they are governed rather than leaving the stage for the so called professional politicians. For instance, there has been quite some activity in the political space sequel to the letter written by Chief (Dr) Olusegun Obasanjo calling for a “third force”, even though some people have also argued that those showing interest in the third force are largely the same old politicians, dressed in new robes. That notwithstanding, I believe it is good news that there is an alternative to the two older forces in terms of political structures. Whether they will succeed or not is an entirely different matter. I, however, agree that younger people with ideas and who have been successful in either business
enterprises or other careers should get involved and demonstrate that they are capable of replicating the success in the political space. Elsewhere in the world, we have the 40 year olds like the French President, Emmanuel Macron, leading countries and doing very well at it. I do not see why we cannot make that kind of transitioning in Nigeria. We seem to tolerate a throw back to the past every election season. I acknowledge that a few good people had shown interest in the past, but in most cases were denied the opportunity, either on account of vested interests or that they belonged to the ‘wrong party’. And talking about parties, it does appear that quite unlike other climes where parties have clear ideological leanings and stand for something, our own political parties seem to lack ideological persuasion, standing largely for nothing. This is even in situations where their very names should give them clear ideological identities. That is why politicians find it convenient to jump from one party to the other and back to where they jumped from. Today, we are going to dwell on the inaction and apathy of the electorate that give rise to the election of the ‘incompetent and clueless’ politicians in the first place. In the last few elections, many of them marred by irregularities, also condoned and tolerated by docile electorate, voter turnout had been very poor. Statistics shows that the 2015 Presidential election did not depart from this tradition. Like I had noted in this column (August 15, 2016), the most important factor in any election is the electorate that cast the votes which the politicians ride on to get to power. Because a lot of us don’t seem to have an interest, those who are interested offer themselves and it is only those that offer themselves that can be voted for. You will be surprised that a lot of the elites do not even vote in elections. Some of them see election days as public holidays, so they just watch television sets, sleep the whole day or visit friends within the neighborhood, since movement is usually restricted. Some do not even have voter’s cards as they are not registered voters. Some are so insulated from their environment that they have no clue who the candidates are and sadly, really don’t care to know. So, if this is your lot, how do you think you can make a difference in the affairs that concern you the most? The issue of voter apathy is demonstrated by data from the last election conducted in the country. In the 2015 general election, out of the 91.7million voting age population, only 67.4million people offered themselves to be registered. Of this number, the average voter turnout was just over 43%”. Compared with the voter turnout in advanced countries of 70% and above, it is no doubt that we have a long way to go. Breaking this number further down to the geo political zones, some startling revelations would come to the fore. The South South led other regions with a voter turnout of almost 58%, followed by North West at 55%. North East follows with 45%, North Central 43%, South East 41% and South West 40%. Why do I think these numbers are startling?
Simply because the regions that are perceived to have more educated people than others came last. Ordinarily one would expect that the South West and South East would be some of the regions from where the highest voter turnout would be recorded. Alas, the reverse was the case. May be this may also have something to do with the high number of elites that stay in those regions. The point being made here is that voter apathy has little or nothing to do with education. The Independent National Electoral Commission, (INEC) had launched the continuous voter registration some time ago. The exercise is aimed at getting everyone within the voting age bracket to register. Information coming out from that exercise shows that even though it can be adjudged to be fairly successful in some parts of the country, a lot of people seem not to be interested. While one cannot overemphasize the need for every citizen of voting age to register, one thinks that INEC still needs to do a few things to make the exercise less cumbersome. In some states, INEC conducts the exercise only at the local government headquarters. This makes it very difficult for people as some local government headquarters are very far from where many people live. Because over 70% of our people live below poverty line, it is counter intuitive that they may not be able to afford the fare to go to the local government headquarters and would rather stay away. I believe that INEC should be able to at the minimum, move down to the ward level, if it cannot get to the polling booth level. In any case, elections are conducted at the polling booths and I believe that registration should actually happen there. There have also been reports of INEC officials not being available at the designated locations leaving a lot of people stranded and in some cases where they are available, they may not have all the work tools that would enable them carry out hitch free exercise. All these lead to delay at the registration centers and in some cases, people are made to visit several times before they get registered. It is important that INEC makes it as easy as possible for citizens to get registered in order to exercise their fundamental human rights of voting. The education and sensitization of voters is another issue that needs serious attention. Even though this is the primary function of INEC, it is good to observe that organisations like churches, mosques and even politicians are getting involved and encouraging people to register. Those who had hitherto registered in areas where they no longer live have also been encouraged to transfer their registration to booths closer to where they live. All said and done, I believe that the awareness being created is important to ensure that many more of our people participate in the next election come 2019. I also believe that the amendment of the electoral act that has just been passed by the National Assembly will help to move us closer to the era of free and fair elections. May I also use this opportunity to wish readers happy Valentine’s day.
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