FRIDAY 31ST AUGUST 2018 by THISDAY Newspapers Ltd

APC Adopts Direct Primary to Pick Presidential Candidate Governors, others face indirect primary Onyebuchi Ezigbo in Abuja The All Progressives Congress (APC) has approved direct primary as the mode of

selection of its presidential candidate for the general election slated for February 2019. The decision was made

yesterday at its National Executive Committee (NEC) meeting in Abuja, where President Muhammadu Buhari delivered a confidence

Buhari mocks defectors

boosting speech and he mocked the defectors from the party, contending that their actions had failed to destabilise the APC and would

have no impact whatsoever on its fortunes at the impending general election. The NEC also decided that all other elective positions shall

be decided by indirect primary, providing, however, that states that preferred direct primary Continued on page 12

House Committee Blames DPR for Loss of $21bn

… Page 12

Friday 31 August, 2018 Vol 23. No 8535. Price: N250

www.thisdaylive.com TR

UT H

& RE A S O

Atiku: PDP Presidential Aspirants to Sign Undertaking Not to Defect

… Page 10

MTN Kicks, Shares Plunge 25%, Banks Call for Calm Obinna Chima and Emma Okonji The shares of the MTN Group took a 25 per cent fall to a

nine-year low of 86.50 rand yesterday, a day after the Central Bank of Nigeria (CBN) imposed a hefty $8.1bn fine on its Nigeria’s subsidiary, MTN

Nigeria, for forex infractions. The shares, listed on the Johannesburg Stock Exchange, had fallen by as low as 31 per cent during the day before

recovering to its closing price. The news of the massive shares fall came shortly after its telecom subsidiary denied its indictment by the CBN

that it collaborated with Standard Chartered Bank Nigeria, Citibank, Stanbic IBTC and Diamond Bank Plc to illegally repatriate

$8.134 billion between 2007 and 2015 from the country. However, three of the four Continued on page 10

Promising to Turn Nigeria Around, Saraki Joins Presidential Race Deji Elumoye in Abuja After months of consultations, Senate President Bukola Saraki yesterday declared his interest for the country’s presidency and said he would seek the ticket of the Peoples Democratic Party (PDP), which he returned to last month from the All Progressives Congress (APC), to bid for the nation’s top job. Saraki made his declaration in Abuja at a dialogue with young aspirants in the PDP, saying he decided to throw his hat into the ring following pressure from the nation's teeming youth who had asked him to run for President. He promised to turn Nigeria around, strengthen the anti-corruption institutions and tackle other challenges facing Nigeria. The Senate president enumerated several problems bedevilling the country to include unemployment, hunger, insecurity, lack Continued on page 10

AN OFFER TO SERVE… Senate President Bukola Saraki during his declaration for presidential run in Abuja… yesterday

T H I S D AY ˾ ͱͯ˜ ͰͮͯͶ

T H I S D AY Ë¾ FRIDAY AUGUST 31, 2018

T H I S D AY Ë¾ Í±Í¯Ëœ Í°Í®Í¯Í¶

$FFHVV %DQN 3OF 5& 67$7(0(17 72 7+( 1,*(5,$1 672&. (;&+$1*( $1' 6+$5(+2/'(56 21 7+( $8',7(' 5(68/76 )25 7+( 3(5,2' (1'(' -81( 7KH %RDUG RI 'LUHFWRUV RI $FFHVV %DQN LV SOHDVHG WR DQQRXQFH WKH *URXS V UHVXOW IRU WKH SHULRG HQGHG -XQH

&2162/,'$7(' 67$7(0(17 2) &2035(+(16,9( ,1&20( )RU WKH SHULRG HQGHG -XQH

&2162/,'$7(' 67$7(0(17 2) ),1$1&,$/ 326,7,21 $V DW -XQH ,Q WKRXVDQGV RI 1DLUD

*5283

%$1.

*5283

%$1.

-81(

'(&(0%(5

-81(

'(&(0%(5

-81(

&RQWLQXLQJ RSHUDWLRQV

$66(76 &DVK DQG EDODQFHV ZLWK EDQNV ,QYHVWPHQW XQGHU PDQDJHPHQW 1RQ SOHGJHG WUDGLQJ DVVHWV 'HULYDWLYH ILQDQFLDO DVVHWV /RDQV DQG DGYDQFHV WR EDQNV /RDQV DQG DGYDQFHV WR FXVWRPHUV

,QWHUHVW LQFRPH

,QWHUHVW H[SHQVH

1HW LQWHUHVW LQFRPH

1HW LPSDLUPHQW FKDUJH

1HW LQWHUHVW LQFRPH DIWHU LPSDLUPHQW FKDUJHV

3OHGJHG DVVHWV

,QYHVWPHQW VHFXULWLHV

2WKHU DVVHWV

,QYHVWPHQW LQ VXEVLGLDULHV

,QWDQJLEOH DVVHWV

'HIHUUHG WD[ DVVHWV

3URSHUW\ DQG HTXLSPHQW

$VVHWV FODVVLILHG DV KHOG IRU VDOH 7RWDO DVVHWV

'HSRVLWV IURP FXVWRPHUV

)HH DQG FRPPLVVLRQ LQFRPH )HH DQG FRPPLVVLRQ H[SHQVH 1HW IHH DQG FRPPLVVLRQ LQFRPH

3UHSDLG UHQW H[SHQVHV

'HSUHFLDWLRQ

1HW IRUHLJQ H[FKDQJH ORVV LQFRPH 2WKHU RSHUDWLQJ LQFRPH 3HUVRQQHO H[SHQVHV

2WKHU RSHUDWLQJ H[SHQVHV

1HW JDLQV ORVV RQ LQYHVWPHQW VHFXULWLHV

$PRUWL]DWLRQ

/,$%,/,7,(6 'HSRVLWV IURP ILQDQFLDO LQVWLWXWLRQV

,Q WKRXVDQGV RI 1DLUD

3URILW EHIRUH LQFRPH WD[

,QFRPH WD[ H[SHQVH

'HULYDWLYH ILQDQFLDO OLDELOLWLHV

&XUUHQW WD[ OLDELOLWLHV

3URILW IRU WKH SHULRG IURP FRQWLQXLQJ RSHUDWLRQV

3URILW IRU WKH SHULRG 2WKHU FRPSUHKHQVLYH LQFRPH 2&, QHW RI LQFRPH WD[ ,WHPV WKDW PD\ EH UHFODVVLILHG VXEVHTXHQWO\ WR WKH LQFRPH VWDWHPHQW )RUHLJQ FXUUHQF\ WUDQVODWLRQ GLIIHUHQFHV IRU IRUHLJQ RSHUDWLRQV 8QUHDOLVHG JDLQV GXULQJ WKH SHULRG 1HW FKDQJHV LQ IDLU YDOXH RI )92&, ILQDQFLDO LQVWUXPHQWV )DLU YDOXH FKDQJHV DULVLQJ GXULQJ WKH SHULRG

2WKHU OLDELOLWLHV

'HIHUUHG WD[ OLDELOLWLHV

'HEW VHFXULWLHV LVVXHG

,QWHUHVW EHDULQJ ERUURZLQJV

5HWLUHPHQW EHQHILW REOLJDWLRQV 7RWDO OLDELOLWLHV

(48,7<

6KDUH FDSLWDO DQG VKDUH SUHPLXP

5HWDLQHG HDUQLQJV

2WKHU FRPSRQHQWV RI HTXLW\

7RWDO HTXLW\ DWWULEXWDEOH WR RZQHUV RI WKH %DQN

1RQ FRQWUROOLQJ LQWHUHVW 7RWDO HTXLW\ 7RWDO OLDELOLWLHV DQG HTXLW\

5(3257 2) 7+( ,1'(3(1'(17 $8',725 21 7+( 6800$5< ,17(5,0 &2162/,'$7(' $1' 6(3$5$7( ),1$1&,$/ 67$7(0(176 72 7+( 0(0%(56 2) $&&(66 %$1. 3/& 5HSRUW RQ WKH VXPPDU\ LQWHULP FRQVROLGDWHG DQG VHSDUDWH ILQDQFLDO VWDWHPHQWV 7KH VXPPDU\ LQWHULP FRQVROLGDWHG DQG VHSDUDWH ILQDQFLDO VWDWHPHQWV WKH qVXPPDU\ ILQDQFLDO VWDWHPHQWVr ZKLFK FRPSULVH WKH VXPPDU\ FRQVROLGDWHG DQG VHSDUDWH VWDWHPHQWV RI ILQDQFLDO SRVLWLRQ DV DW -XQH DQG WKH VXPPDU\ FRQVROLGDWHG DQG VHSDUDWH VWDWHPHQWV RI FRPSUHKHQVLYH LQFRPH IRU WKH PRQWKVp SHULRG WKHQ HQGHG DUH GHULYHG IURP WKH DXGLWHG LQWHULP FRQVROLGDWHG DQG VHSDUDWH ILQDQFLDO VWDWHPHQWV WKH qDXGLWHG ILQDQFLDO VWDWHPHQWV RI $FFHVV %DQN 3OF WKH %DQN DQG LWV VXEVLGLDU\ FRPSDQLHV WRJHWKHU WKH q*URXSr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pV UHSRUW WKHUHRQ LV QRW D VXEVWLWXWH IRU UHDGLQJ WKH DXGLWHG ILQDQFLDO VWDWHPHQWV DQG WKH DXGLWRUpV UHSRUW WKHUHRQ 7KH $XGLWHG )LQDQFLDO 6WDWHPHQWV DQG 2XU 5HSRUW 7KHUHRQ :H H[SUHVVHG DQ XQPRGLILHG DXGLW RSLQLRQ RQ WKH DXGLWHG ILQDQFLDO VWDWHPHQWV LQ RXU UHSRUW GDWHG $XJXVW 7KDW UHSRUW DOVR LQFOXGHV WKH FRPPXQLFDWLRQ RI NH\ DXGLW PDWWHUV .H\ DXGLW PDWWHUV DUH WKRVH PDWWHUV WKDW LQ RXU SURIHVVLRQDO MXGJHPHQW ZHUH RI PRVW VLJQLILFDQFH LQ RXU DXGLW RI WKH ILQDQFLDO VWDWHPHQWV RI WKH FXUUHQW SHULRG 'LUHFWRUVp UHVSRQVLELOLW\ IRU WKH VXPPDU\ ILQDQFLDO VWDWHPHQWV 7KH GLUHFWRUV DUH UHVSRQVLEOH IRU WKH SUHSDUDWLRQ RI WKH VXPPDU\ ILQDQFLDO VWDWHPHQWV LQ DFFRUGDQFH ZLWK WKH UHTXLUHPHQWV RI WKH &RPSDQLHV DQG $OOLHG 0DWWHUV $FW WKH %DQNV DQG 2WKHU )LQDQFLDO ,QVWLWXWLRQV $FW DQG WKH )LQDQFLDO 5HSRUWLQJ &RXQFLO RI 1LJHULD $FW $XGLWRUpV UHVSRQVLELOLW\ 2XU UHVSRQVLELOLW\ LV WR H[SUHVV DQ RSLQLRQ RQ ZKHWKHU WKH VXPPDU\ ILQDQFLDO VWDWHPHQWV DUH FRQVLVWHQW LQ DOO PDWHULDO UHVSHFWV ZLWK WKH DXGLWHG ILQDQFLDO VWDWHPHQWV EDVHG RQ RXU SURFHGXUHV ZKLFK ZHUH FRQGXFWHG LQ DFFRUGDQFH ZLWK ,QWHUQDWLRQDO 6WDQGDUG RQ $XGLWLQJ ,6$ 5HYLVHG o(QJDJHPHQWV WR 5HSRUW RQ 6XPPDU\ )LQDQFLDO 6WDWHPHQWVp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p SHULRG HQGHG -XQH

1HW FKDQJHV LQ DOORZDQFH RQ )92&, ILQDQFLDO LQVWUXPHQWV

2WKHU FRPSUHKHQVLYH ORVV JDLQ IRU WKH SHULRG QHW RI UHODWHG WD[ HIIHFWV 7RWDO FRPSUHKHQVLYH LQFRPH IRU WKH SHULRG 3URILW DWWULEXWDEOH WR 2ZQHUV RI WKH %DQN 1RQ FRQWUROOLQJ LQWHUHVW 3URILW IRU WKH SHULRG 7RWDO FRPSUHKHQVLYH LQFRPH DWWULEXWDEOH WR 2ZQHUV RI WKH %DQN 1RQ FRQWUROOLQJ LQWHUHVW 7RWDO FRPSUHKHQVLYH LQFRPH IRU WKH SHULRG &RQWLQXLQJ RSHUDWLRQV (DUQLQJV SHU VKDUH

%DVLF HDUQLQJV SHU VKDUH NRER

'LOXWHG NRER

*5283

%$1.

-81(

'(&(0%(5

-81(

'(&(0%(5

*5283 7RWDO LPSDLUHG ORDQV DQG DGYDQFHV

7RWDO LPSDLUHG ORDQV DQG DGYDQFHV WR JURVV ULVN DVVHWV

7KHUH ZHUH QXPEHU RI XQUHVROYHG FRQVXPHUV FRPSODLQWV RXWVWDQGLQJ DV DW -XQH 7KH IXOO GHWDLOV DUH FRQWDLQHG LQ WKH FXVWRPHU IHHGEDFN VHFWLRQ RI WKH ILQDQFLDO VWDWHPHQWV

)RU 3ULFHZDWHUKRXVH&RRSHUV &KDUWHUHG $FFRXQWDQWV /DJRV 1LJHULD (QJDJHPHQW 3DUWQHU 7ROD 2JXQGLSH $XJXVW )5& ,&$1 7KH VXPPDU\ ILQDQFLDO VWDWHPHQWV GLVFORVHG ZHUH GHULYHG IURP WKH IXOO ILQDQFLDO VWDWHPHQWV RI $FFHVV %DQN 3OF >qWKH EDQNr@|DQG LWV VXEVLGLDULHV WRJHWKHU qWKH JURXSr |IRU WKH SHULRG HQGHG -XQH DQG FDQQRW EH H[SHFWHG WR SURYLGH D IXOO XQGHUVWDQGLQJ RI WKH ILQDQFLDO SHUIRUPDQFH ILQDQFLDO SRVLWLRQ DQG FDVK IORZV RI WKH EDQN DQG WKH JURXS 7KH EDQNpV DXGLWRU LVVXHG DQ XQTXDOLILHG RSLQLRQ RQ WKH IXOO ILQDQFLDO VWDWHPHQWV IRU WKH SHULRG HQGHG -XQH IURP ZKLFK WKHVH VXPPDU\ ILQDQFLDO VWDWHPHQWV ZHUH GHULYHG ||7KH EDQNpV DXGLWRU PDGH D UHSRUW XQGHU VHFWLRQ RI WKH &RPSDQLHV DQG $OOLHG 0DWWHUV $FW |&RSLHV RI WKH IXOO ILQDQFLDO VWDWHPHQWV FDQ EH REWDLQHG IURP WKH VHFUHWDU\ RI WKH EDQN

*5283 0$1$*,1* ',5(&725 +HUEHUW :LJZH )5& ,&$1

*5283 '(387< 0$1$*,1* ',5(&725 5RRVHYHOW 2JERQQD )5& ,&$1

&+,() ),1$1&,$/ 2)),&(5 2OXVH\L .XPDSD\L )5& ,&$1

$Q HOHFWURQLF FRS\ RI WKH IXOO ILQDQFLDO VWDWHPHQWV FDQ EH REWDLQHG DW KWWSV ZZZ DFFHVVEDQNSOF FRP DOO ILQDQFLDO UHSRUWV TXDUWHUO\ UHSRUWV

T H I S D AY Ë¾ FRIDAY AUGUST 31, 2018

T H I S D AY ˾ ͱͯ˜ ͰͮͯͶ

T H I S D AY Ë¾ FRIDAY AUGUST 31, 2018

T H I S D AY ˾ ͱͯ˜ ͰͮͯͶ

T H I S D AY ˾ FRIDAY AUGUST 31, 2018

STATEMENT TO THE NIGERIAN STOCK EXCHANGE AND SHAREHOLDERS ON THE EXTRACT OF THE AUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2018 Interim Consolidated and Separate Statements of Financial Position

Interim Consolidated and Separate Statements of Comprehensive Income GROUP

In millions of Nigerian Naira

Jun. 2018

BANK

Jun. 2017

Jun. 2018

GROUP

Jun. 2017

As at

BANK

Jun. 2018

Dec. 2017

Jun. 2018

Dec. 2017

1,031,779

898,083

792,141

727,546

123,527

31,898

32,102

31,898

In millions of Nigerian Naira

Interest income

187,294

154,954

128,137

107,456

Interest expense

(76,218)

(53,575)

(61,169)

(42,427)

Net interest income

111,076

101,379

66,968

65,029

Cash and bank balances

(6,732)

(9,441)

(1,648)

(7,193)

Financial assets at fair value through profit or loss

57,836

Derivative assets

20,735

8,227

20,735

7,911

10,111

20,640

9,894

19,974

1,543,865

1,650,891

1,153,862

1,173,214

813,395

716,687

593,299

423,293

490,027

88,049

622,754

242,185

75,039

86,729

66,105

77,949

4,951

2,860

2,715

1,770

103,777

103,777 89,285

Allowance for credit losses on financial assets Net interest income after impairment on loans and receivables

104,344

91,938

65,320

ASSETS

Fees and commission income

45,845

36,466

28,345

21,255

Loans and advances to banks

Fees and commission expense

(13,248)

(7,366)

(10,218)

(5,122)

Loans and advances to customers

20,456

28,294

18,216

21,007

Investment securities:

4,323

3,004

5,426

2,486

Net trading and foreign exchange income Other operating income Employee benefit expenses

(35,214)

(33,958)

(20,449)

(5,659)

(4,792)

(4,026)

(3,336)

- At amortised cost

(62,831)

(56,054)

(48,438)

(39,875)

- Held to maturity

Depreciation and amortisation Other operating expenses Share of gain/(loss) of equity-accounted investee

(20,721)

- At fair value through other comprehensive income - Available for sale

Other assets

124

(1)

Profit before income tax

58,140

57,531

34,176

33,530

Investment in equity-accounted investee

Income tax expense

(14,348)

(15,192)

(12,529)

(7,676)

Investment in subsidiaries

Profit for the period

43,792

42,339

21,647

25,854

Property and equipment

108,969

107,636

91,185

Other comprehensive income

Intangible assets

16,851

16,891

5,884

5,846

Items that may be reclassified to the income statement:

Deferred tax asset

28,404

29,566

21,862

27,178

4,267,653

4,069,474

3,104,998

2,931,826

Exchange differences on translation of foreign operations

(14,946)

7,694

TOTAL ASSETS LIABILITIES

Fair value changes on investments at fair value through other comprehensive income(FVOCI):

Derivative liabilities

Net change in fair value during the period Fair value changes on available-for-sale equity investments

(1,030)

869

(1,030)

869

2,476

(807)

(162)

(807)

(162)

(16,783)

10,877

(1,837)

3,183

Net amount transferred to the income statement Items that will not be reclassified to the income statement:

Deposits from banks Deposits from customers Other liabilities Current tax liability Borrowings

Fair value changes on equity investments at FVOCI Other comprehensive income for the period, net of tax

3,472

(13,311)

10,877

1,635

3,183

30,481

53,216

23,282

29,037

42,192

41,449

21,647

25,854

1,600

890

Total comprehensive income for the period Profit for the period attributable to: Owners of Parent Non-controlling interest Profit for the period

43,792

42,339

21,647

25,854

Total comprehensive income attributable to: Owners of Parent Non-controlling interest Total comprehensive income for the period

30,748

51,788

23,282

(267)

1,428

29,037 -

30,481

53,216

23,282

29,037

1.23

1.21

0.63

0.71

Subordinated liabilities

Basic and diluted earnings per share (Naira)

123

134,289

60,653

15,290

2,901,204

2,733,348

1,998,969

1,877,736

102,957

96,622

77,057

67,104

4,631

7,668

1,509

1,108

558,424

502,209

533,488

502,209 65,741

65,965

65,741

65,965

Deferred tax liability

174

TOTAL LIABILITIES

3,771,401

3,540,040

2,737,661

2,529,311

Share capital

17,100

Share premium

98,715

Retained earnings

165,712

154,527

93,380

99,332

Other reserves

196,761

240,861

158,142

187,368

EQUITY ATTRIBUTABLE TO OWNERS

478,288

511,203

367,337

402,515

EQUITY

OF THE PARENT Non-controlling interests

Earnings per share attributable to owners of the parent

20 138,026

TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

17,964

18,231

496,252

529,434

367,337

402,515

4,267,653

4,069,474

3,104,998

2,931,826

Jun-18

Dec-17

Jun-18

Dec-17

119,199

114,753

59,635

55,292

7.20%

6.72%

4.86%

4.59%

Barring unforeseen circumstances, the Group expects the trend of the above result to be sustained through the year.

GROUP

The financial statements were approved by the directors on 20 August, 2018. Total impaired loans and advances (N'million) Total impaired loans and advances to gross risk assets (%)

BANK

Kennedy Uzoka

Ugo A A. Nw N Nwag Nwaghodoh waghod Group Chief Finance Officer FRC/2012/ICAN/00000000272

Tony O. Elumelu , CON

Group Managing Director/CEO FRC/2013/IODN/00000015087

Chairman, Board of Directors FRC/2013/CIBN/00000002590

Reports on the Resolution of Customers’ Complaints Below is a breakdown of Complaints received by the Bank for the period ended 30 June 2018 pursuant to CBN circular dated August 16, 2011 Description

TO THE MEMBERS OF UNITED BANK FOR AFRICA PLC Report on the summary interim consolidated and separate financial statements Opinion The summary interim consolidated and separate financial statements (the “summary financial statements”), which comprise the summary interim consolidated and separate statements of financial position as 30 June 2018 and the summary interim consolidated and separate statements of comprehensive income for the period then ended are derived from the audited interim consolidated and separate financial statements (the “audited financial statements”) of United Bank for Africa Plc (“the Bank”) and its subsidiary companies (together the “Group”) for the 6 months period ended 30 June 2018. In our opinion, the accompanying summary financial statements are consistent in all material respects, with the audited financial statements, in accordance with the requirements of the Companies and Allied Matters Act, the Banks and Other Financial Institutions Act and the Financial Reporting Council of Nigeria Act. Summary financial statements The summary financial statements do not contain all the disclosures required by IAS 34 ‘Interim Financial Reporting’, the Companies and Allied Matters Act, the Financial Reporting Council of Nigeria Act, the Banks and Other Financial Institution Act and other relevant Central Bank of Nigeria circulars applied in the preparation of the audited financial statements of the Group and Bank. Therefore, reading the summary financial statements and the auditor’s report thereon is not a substitute for reading the audited financial statements and the auditor’s report thereon. The audited financial statements and our report thereon We expressed an unmodified audit opinion on the audited financial statements in our report dated 28 August 2018. That report also includes the communication of key audit matters. Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current period. Directors’ responsibility for the summary financial statements The directors are responsible for the preparation of the summary financial statements in accordance with the requirements of the Companies and Allied Matters Act, the Banks and Other Financial Institutions Act and the Financial Reporting Council of Nigeria Act.

Africa’s global bank

Amount Refunded

Dec-17

Jun-18

Dec-17

Jun-18

15,566

6,008

11,577

1,147

Received Complaints

276,870

494,120

209,418

57,201

Resolved Complaints

284,918

484,546

212,880

27,309

239

319

171

19,462

Complaints Pending with the Bank C/F

7,517

15,566

7,944

11,577

% of Complaint/Transaction Volume

0.17%

0.19%

Complaints Escalated to CBN Auditor’s responsibility Our responsibility is to express an opinion on whether the summary financial statements are consistent, in all material respects, with the audited financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA) 810 (Revised), ‘Engagements to Report on Summary Financial Statements’.

Amount Refunded (N'Million)

Jun-18 Pending Complaints B/F

REPORT OF THE INDEPENDENT AUDITOR ON THE SUMMARY FINANCIAL STATEMENTS

Number

Dec-17

Report on other legal and regulatory requirements In accordance with our full audit report, we confirm that: i. we did not report any exceptions under the sixth schedule of the Companies and Allied Matters Act;

ii. the Bank has disclosed the information required by the Central Bank of Nigeria circular on insider related credits; iii. the Bank paid penalties in respect of contraventions of certain sections of the Banks and Other Financial Institutions Act and relevant rele circulars issued by the Central Bank of Nigeria 2018. during g the th the 6 months months period ended 30 June J

The statement of financial position, statement of comprehensive income, statement of changes in equity, report of the independent auditor and specific disclosures are published in compliance with the requirements of S.27 of the Banks and Other Financial Institutions Act. The information disclosed have been extracted from the full financial statements of the bank and the group and cannot be expected to provide as full an understanding of the financial performance, financial position and financing and investing activities of the bank and the group as the full financial statements. Copy of the full financial statements can be obtained from the Bank’s website: www.ubagroup.com/ir.

PricewaterhouseCoopers For: r:: Price P r water w houseCoopers Chartered Charte ered reed Accountants Accountants Lagos, Nigeria Engagement Partner: Samuel Abu FRC/2013/ICAN/00000001495

28 August 2018

www.ubagroup.com

FRIDAY, ͻ͹˜ ͺ͸͹΀ ˾ T H I S D AY

PAGE TEN

Atiku: PDP Presidential Aspirants to Sign Undertaking Not to Defect Laleye Dipo in Minna

All presidential aspirants on the platform of the Peoples Democratic Party (PDP) have agreed to sign an undertaking not to defect if they lose the primary election, former Vice President Atiku Abubakar said in Minna yesterday. Atiku said the decision was taken in Abuja on Wednesday night when all the aspirants met with the National Working Committee (NWC) of the party. While answering questions from newsmen after addressing

potential delegates and other stakeholders of the party at its secretariat, the former vice president said the undertaking would also see the aspirants pledging to support the candidate of the party for the 2019 presidential election. He said, "This is an issue that came up last night, we had our first meeting with members of the NWC. “It was agreed that before the conduct of the primaries, there will be more meetings. In one of the meetings, we will sign an undertaking to support

whoever emerges as candidate. "We were assured of transparent primaries by the party." The presidential aspirant pledged that he would abide by whatever agreement reached, expressing confidence that he would emerge the candidate of the PDP for next year’s election. “I have participated in a number of presidential primaries, at the end of the primaries I have always committed myself to supporting whoever that emerged, I don't think it is going to be a different case this time

around," he said. Atiku said his ambition to become Nigeria's president had never been a do-or-die. "I have always been motivated by service to the nation, I am not motivated by selfishness," he said, adding, "My ability and my health will determine if I will continue to offer my service to this nation if I do not win the primaries." Confirming the meeting and agreement reached last night, a THISDAY source that attended the meeting held at the Transcorp Hilton

Hotel, Abuja, and had 12 of the presidential aspirants in attendance, said it was led by the National Chairman, Prince Uche Secondus. The source who pleaded anonymity, added that the meeting had in attendance prominent aspirants including Atiku, Senate President Bukola Saraki, Senator Rabiu Kwankwaso, Alhaji Tanimu Turaki and former governors of Sokoto, Kaduna, Plateau and Kano State - Attahiru Bafarawa, Ahmed Makarfi, Jonah Jang and Ibrahim Shekarau respectively,

among others. According to him, the party prevailed on the presidential hopefuls to eschew negative utterances capable of hurting the electoral fortune of the PDP in the 2019 elections. He told THISDAY, “By and large, we reminded them (aspirants) that whatever happens to the party, happen to all of us. We charged them to be civil in their utterances and reminded them that the world is watching how the party will come up with its presidential candidate.

repatriation of $13.92 billion were unfounded and that MTN did not violate the law. On its part, Stanbic IBTC Holdings Plc, in a notice to the Nigerian Stock Exchange (NSE) said it is currently engaging with the CBN with a view to resolving the matter. “The bank is holding further engagements with the CBN, in relation to the issues it has raised. Please be assured that the above does not impact on your ability to continue to conduct your various business and corporate transactions with Stanbic IBTC Holdings or any of its subsidiaries, including the bank,” it explained in statement that was signed by its Company Secretary, Mr. Chidi Okezie. Also, Diamond Bank Plc in a statement signed by its Company Secretary, Mr. Uzoma Uja, notified the NSE of the fine and said it was cooperating with the apex regulator to ensure that the matter was resolved. It explained, “This development does not impact your ability to continue to do business with the bank. Updates on any new development will be made available to all stakeholders. “We want to assure all stakeholders that the bank complies with all regulatory policies issued.” Similarly, Standard

Chartered Bank Nigeria in a two-paragraph statement noted, “As previously disclosed, we are committed to fully co-operating with the regulators on this matter. Whilst we cannot provide additional information due to ongoing engagement with the regulators, we look forward to a rapid resolution and satisfactory outcome of this matter.”

of the fines imposed.” On CBN’s directive for MTN to refund the stated sum, CSL Stockbrokers noted that, “this appears impossible given that the funds have long been distributed to shareholders and lenders over time, and cannot be practically raised by MTN itself without major disruptions to its business.” “We believe the regulator may resort to imposing a fine on MTN (which will materially impact profitability), or restrict future repatriation of funds by MTN, with the attendant effect on its foreign lenders and shareholders. “For MTN, the market is not taking the CBN’s directive lightly. Panic sales appear to have been triggered with MTN Group’s share price. Of particular concern, the CBN’s refund directive given to MTN could potentially impact its Initial Public Offering (IPO) in Nigeria – which was expected to have commenced this month – and heightens the risk of an IPO undersubscription. That said, Nigeria remains the bright spot in Africa’s telecom market with MTN holding the dominant position with an estimated 54 million customers out of 221 million worldwide, implying an opportunity for investors to take up IPO shares may be too good to pass up.”

MTN KICKS, SHARES PLUNGE 25%, BANKS CALL FOR CALM banks involved in the matter, Standard Chartered Bank, Diamond Bank and Stanbic IBTC, in separate statements yesterday, advised their investors and stakeholders not to panic, saying the matter would be resolved. The CBN had on Wednesday slammed a fine of N5.87 billion on the four banks over flagrant violation of extant laws and regulations of the Federal Republic of Nigeria, including the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, 1995 of the Federal Republic of Nigeria and the Foreign Exchange Manual, 2006.” The CBN had indicated that the highest fine of N2,470,604,767.13 was slammed on Standard Chartered Bank, while Stanbic IBTC Nigeria was fined N1,885,852,847.45. For its punishment, Citibank got N1,265,541,562.31 fine, just as Diamond Bank was directed to pay N250 million for violating extant rules. In line with the fine on the banks, the CBN also directed MTN Nigeria to immediately refund $8,134,312,397.63 illegally repatriated by the telecoms company to the coffers of the Central Bank of Nigeria. MTN in a statement signed by its Public Relations Manager, Mr. Funso Aina,

insisted that it got the approval of the CBN for all dividends it declared in the past, and that the Senate investigation on alleged funds repatriation had since exonerated it from any complicity in illegal funds transfer. The telecoms company said it would continue to engage relevant authorities and would vigorously defend its position on the matter and provide further information when available. According to the statement, “MTN Nigeria Communications Limited (MTN Nigeria) received a letter on 29 August 2018 from CBN alleging that Certificates of Capital Importation (CCIs) issued in respect of the conversion of shareholders’ loans in MTN Nigeria to preference shares in 2007 had been improperly issued. “As a consequence, they claim that historic dividends repatriated by MTN Nigeria between 2007 and 2015 amounting to $8.1 billion need to be refunded to the CBN. “MTN Nigeria strongly refutes these allegations and claims. No dividends have been declared or paid by MTN Nigeria other than pursuant to CCIs issued by our bankers and with the approval of the CBN as required by law.

“The issues surrounding the CCIs have already been the subject of a thorough enquiry by the Senate of Nigeria. In September 2016 the Senate mandated the Committee on Banking, Insurance and other Financial Institutions to carry out a holistic investigation on compliance with the Foreign exchange (monitoring and miscellaneous) Act by MTN Nigeria and others. “In its report issued in November 2017, the findings evidenced that MTN Nigeria did not collude to contravene the foreign exchange laws and there were no negative recommendations made against MTN Nigeria. “MTN Nigeria, as a lawabiding citizen of Nigeria, is committed to good governance and to abiding by the extant laws of the Federal Republic of Nigeria. “The re-emergence of these issues is regrettable as it damages investor confidence and, by extension, inhibits the growth and development of the Nigerian economy.” The senator representing Kogi West, Senator Dino Melaye, had in the past, accused MTN of illegally repatriating $13.92 billion over a decade starting in 2006, which triggered the Senate investigation. The Senate investigation committee had, however, ruled that allegations of illegal

Impact of Fines on Shares Commenting on the action of the CBN, Lagos-based CSL Stockbrokers Limited, stated that the impact of the N5.9 billion fines imposed on the banks would not be material, “at least for the banks under our coverage (Stanbic IBTC and Diamond Bank).” According to the firm, the amount is not large enough to pose as a threat to their financial stability and/or near-term profitability. “We however note that most of the banks - Access Bank, Diamond Bank, Fidelity Bank, FBN Holdings, FCMB, GTBank, Stanbic IBTC, United Bank for Africa, and Zenith Bank - are significantly exposed to MTN and some have shareholdings in the company, implying that the risk to the banks if this is not favourably resolved, may be more than just the payment

PROMISING TO TURN NIGERIA AROUND, SARAKI JOINS PRESIDENTIAL RACE of medical care, lack of education, lack of economic growth, terrorism, kidnapping, communal and farmers/ herders clashes. Saraki expressed his readiness to tackle all these challenges if elected as the president in February 2019. According to him, this is an urgent task that requires the concerted efforts "of each and every one of us." He also painted a gory picture of an average Nigerian citizen, "If we look around today, what do we see? What is the condition of our citizens? Where are we as a nation? How are we perceived locally and internationally? Why are we not making the expected progress? Why are we not growing? There is no time to waste. The time is now, to come together to stimulate growth in Nigeria, especially in the national economy. “The choice we face in the forthcoming election is either to keep things as they are, or make a radical departure from the old ways - to find a better way of doing things or keep repeating the mistakes of the

past. To fix the problems or keep compounding them.” He justified his presidential run, "It is with all these in mind, and taking account of the challenges that I have outlined, that I have decided to answer the call of teeming youth who have asked me to run for the president. "Accordingly, I hereby announce my intention to run for the office of President of the Federal Republic of Nigeria in the coming general election in 2019 on the platform of the PDP. I do so with the firm conviction that I have what it takes to secure inclusive growth for Nigeria and its people.” Saraki promised to run an all-inclusive government devoid of tribalism or religious creed. "My plan for Nigeria has inclusion in all aspects of the country’s affairs as a central pillar. Every citizen has the inalienable right to feel a sense of belonging, no matter their background or creed, or what part of the country they come from; no matter who you voted for or what your convictions are,

government must work for you,” he added Wooing the youth, he said their generation did not deserve to live in the poverty capital of the world. "It is no longer an issue of how we got here, but how do we get out of this situation? I promise you that I will lead the fight and employ every God-given resource available to us in turning things around. I am determined to grow Nigeria out of poverty. We will stimulate the growth of Small and Medium Enterprises (SMEs) as one of the ways of energising the economy and to create wealth for our people, especially the youth,” the presidential aspirant said. He emphasised that his government will actively involve the youth from the local government to the federal level. "I want to see the youth play major roles at all levels, not only in government but also in the private sector and indeed in every area of Nigerian life,” he said. He also stressed his administration's commitment towards eradicating

corruption in both the nation's public and private sectors. "Ours will not be a selective fight against corruption. The emphasis will be on strengthening institutions, with a particular focus on deterrence. We cannot afford to compromise our institutions with proxy wars against perceived political opponents. We see the fight against corruption as crucial to Nigeria’s economic development,” he added. On security, Saraki said his plan would be to secure Nigeria by redesigning the national security architecture, while adequately equipping the security agencies to fulfil their primary role of protecting lives and property. He enumerated his other programmes to include addressing the country’s infrastructural deficit through aggressive financing initiatives, including mutually beneficial public private partnership (PPP) arrangements, regular floating of bonds and other financial instruments, which will ensure stable, adequate

and reliable funding to see to the completion of core projects especially road, rail and power. He said, "I offer leadership driven by empathy where leaders are responsive to the citizens - where they know that government cares. We will not be indifferent or turn a blind eye to the real concerns of our people. Every single Nigerian life matters. "For me, the leadership we deserve is one that will be a source of pride to all Nigerians, one that will be respected and admired in Africa and around the world. It should be a leadership that can hold its own and stand tall anywhere in the world. That is the type of leadership I offer. "As a former two-term governor and currently President of the Senate by the grace of God, I believe I possess a unique blend of executive and legislative experience to push for and implement reforms that will deliver real improvements in the daily lives of our people. I know what it takes to create jobs and grow the economy. I

can make the tough decisions when it matters. I will spearhead a new agenda that can transform the lives of ordinary Nigerians in real terms."

TOP GAINERS NGN NGN % N.E.M 0.30 3.30 10 LIVESTOCK 0.05 0.59 9.2 JAPAULOIL 0.02 0.27 8.0 AIICO 0.05 0.75 7.1 GUINNESS 5.00 95.00 5.5 TOP LOSERS NGN % AXAMANSARD 0.25 2.30 9.8 IEI 0.04 0.38 9.5 DIAMONDBANK 0.13 1.26 9.3 PRESTIGE 0.05 0.52 8.7 FORTEOIL 1.70 20.00 7.8 HPE Nestle Nig Plc ₦1,500.00 Volume: 284.59 million shares Value: N3.445 billion Deals: 3,303 As at yesterday 29/08/18 See details on Page 43

T H I S D AY Ë¾ FRIDAY AUGUST 31, 2018

FRIDAY, ͻ͹˜ ͺ͸͹΀ ˾ T H I S D AY

NEWS

Apapa Gridlock Persists One Month after Osinbajo’s Intervention Cargoes, containers trapped inside ports Eromosele Abiodun More than one month after Vice President Yemi Osinbajo visited the ports in Lagos and ordered a 72-hour joint operation by security operatives to clear the gridlock in and around the Apapa, very little progress appears to have been achieved in this regard. Osinbajo had paid an unscheduled visit to Apapa at the peak of the gridlock on July 20, and had directed relevant government agencies to immediately embark on the decongestion of the Wharf Roads and the Apapa-Oshodi Expressway to allow for free flow of traffic. Less than a week after issuing the directive, the vice president accompanied by the Governor of Lagos State, Mr. Akinwunmi Ambode, and the Minister of Transportation, Mr. Rotimi Amaechi, on July 26, 2018 held a meeting with relevant stakeholders on the traffic management mechanisms at

the Western Naval Command, Apapa. However, when THISDAY visited the Lagos Port Complex (LPC) Apapa, several cargoes and containers remained trapped inside the port despite the deployment of over 1,000 security personnel by the Lagos State Police Command and other relevant agencies in an operation tagged ‘Operation Restore Sanity’. The President, Nigerian Importers Integrity Association (NIIA), Mr. Godwin Onyekachi, described the vice president’s order as “cosmetic,” arguing that a lasting solution lies in addressing the core problems that led to the gridlock. According to him, “Deploying security operatives in their large numbers was an interim measure guaranteed to fail because the major problem has not been addressed by government yet. A major problem is the collapse of the Apapa–Oshodi Expressway, which has been neglected for

several years by the federal government. This road is the major entry and exit points for the ports and other businesses in the Apapa area. “The situation on the ApapaOshodi expressway forces truckers to use the ApapaIjora-Wharf road, which is a very narrow road and which has been under construction for more than a year. Traffic on the Apapa-Ijora-Wharf road has been further compounded due to the closure of the outbound lane of the Apapa-Ijora bridge by the Federal Ministry of Power, Works and Housing. “As we speak, the top layers of the bridge have been removed and the job abandoned for more than two months. Consequently, truckers are restricted to the Leventis exit lane to exit Apapa. The Leventis lane is very narrow and is filled with potholes and locked down by high traffic because of several truck garages and heavy oil tanker traffic on it.” Some truck drivers, who

expressed frustration at the perennial gridlock, said if the situation must improve, a lot more effort is required by officials of the Nigerian Navy, who now lead the traffic management effort in Apapa. The truck drivers said they still spend several days on the road to enter or exit Apapa. One of the truck drivers, who identified himself as Saheed Ahmed, said he spent four days to move from Costain to Marine Bridge, Apapa, a journey that is typically less than 10 minutes under normal circumstances. Speaking with a tinge of frustration, he said, “I have been on this queue for the past four days from Costain to get to the tail end of the Marine Bridge (in Apapa). There are other truck drivers who are still stuck in traffic and they have spent close to two weeks. I also had to part with some money to be able to get here.” Several other truck drivers expressed frustration at the

modus operandi of the Nigerian Navy and other traffic control officials, accusing them of seeing their task force as opportunity to make quick money. Another truck driver, Abubakar Sanni, told THISDAY that, “Since yesterday that I came (into Lagos), I have spent nothing less than N30,000. I was told to turn back from Costain. Then I had to spend another money to reach here (Ijora). “All the security operatives asked me to part with some money else they will turn me back. The traffic is only moving for truck drivers who part with money but if you don’t have money you will remain there like it is your parking space.” The truck drivers also complained of sleep and food deprivation as well as lack of sanitary facilities while being stuck in the notorious gridlock. “I have spent two days already and I am yet to get to wharf. Before I get to Wharf and load my cargo, it might take me till tomorrow,” another

truck driver, Ahmed Musibau, lamented. One of the Naval officials controlling traffic at Leventis, Apapa, who spoke on the condition of anonymity because he was not authorized to speak to journalists, said the Nigerian Ports Authority (NPA) and truck owners/drivers cannot exonerate themselves from blame over the gridlock. He said, “There are a lot of trucks parked and idling away on the port access roads without any business in the port and contributing to the traffic gridlock. The Nigerian Ports Authority is yet to live up to its responsibility as managers of the defined port areas, which includes the ports and its access roads. “NPA needs to support and redirect the Navy in managing the traffic by regulating what trucks should have access to the ports and deploying their tow trucks to remove idle or broken down trucks contributing to the gridlock.”

House Committee Blames DPR for Loss of $21bn To write embassies of IOCs for recovery Chineme Okafor in Abuja The House of Representatives ad-hoc Committee investigating alleged loss of $21 billion by Nigeria to expired agreements on Production Sharing Contracts (PSCs) with the international oil companies (IOCs) has blamed the Department of Petroleum Resources (DPR) for failing to renegotiate the terms of the contracts when they were due as provided in the agreements. The committee has also resolved to write the embassies and high commissions of the home countries of the affected IOCs to help the federal government to recover its lost revenue. The Deep Offshore and Inland Basin PSC Act had provided that the terms of the contracts should be renegotiated when crude oil price reached $20 per barrel to enable Nigeria collect higher royalties from the IOCs.

But the federal government failed to activate the relevant clause in the PSC Act when oil price reached $20 per barrel, leading to the estimated loss of $21 billion by the country. At an interactive session with stakeholders which included relevant government agencies and IOCs in Abuja yesterday, the committee argued that it was the responsibility of the DPR to regulate the country’s oil sector, and hence should have triggered the terms in the PSC Act which stipulated that calculation of royalties due to the federal government should be reviewed upwards once the price of oil reached $20 per barrel or after 10 years of the Act in practice. Speaking to reporters at the meeting, the Chairman of the committee, Hon. Daniel Reyenieju, explained that the failure by the federal government to activate the clause was the fault of the DPR.

Reyenieju noted that if the DPR were sensitive to its regulatory functions, it would have activated the relevant clause and save the country from losing such huge amount of money. “The DPR will be held responsible for the PSCs delay. No, I’m not impressed but that is a process, we are just building up and will get to a status where we will mandate all of them,” said Reyenieju, who took time to ask questions the government agencies either parried or provided inadequate answers to. “We are a parliament and one of our responsibilities is to oversight, and oversight government spending and incomes. What actually triggered it is the need for parliament to continue to oversight the government and all agencies that generate revenue for government. “One of our members spotted

that there is a particular section in the PSC Act of 1993 and 2003, and that the Act has outlived its usefulness, specifically Section 16 (1) of the Act which states that the moment the price of crude oil exceeds $20 per barrel, it be renegotiated so that government can have a higher take in terms of revenue but for 20 years, nobody, not even the enforcers of the Act which is the DPR, not the NNPC, or the ministry of justice has talked about it. Even the IOCs are also liable because it is a mutual business.” The Minister of State for Petroleum, Dr. Ibe Kachikwu, had stated that Nigeria lost a whopping $21 billion to its failure to implement the premium element governing the PSCs as provided under the Act. He had also added that the government has initiated moves to amend the Act which was enacted in 1993 to provide the fiscal framework for foreign

investments in deep offshore and inland basin acreages in the oil and gas sector. Reyenieju acknowledged that while the country might have lost close to $21 billion on account of, the ad-hoc committee would work to ensure it is recovered. According to him, the committee will write the embassies and high commissions of the home countries of the affected IOCs in this regards. Asked what impacts that would make, Reyenieju said: “Most of the IOCs are funded greatly by various international companies that are represented by their embassies here in Nigeria and if we are talking about $21 billion, and they are not even responding to queries and invitations, then we must get back to their home countries and this is the point we are going to.” At the session, the DPR stated in a presentation it made on

the royalty earnings due to the government between 2003 and 2017 for oil produced and sold beyond $20 per barrel was $6,055,077,636.48. It however, refused to take responsibility for not activating the clause, but rather inferred that it was the Nigerian National Petroleum Corporation (NNPC) that should, a claim the committee rejected. The representatives of the ministry of finance told the committee that they were not aware of Section 16(1) of the Act which made provisions for the clause. The ministry said it relied on the revenue remitted to the Federation Account in collaboration with other parties. On its part, the FIRS said it wrote to the National Assembly on the issue but could not act further because it was rather a royalty affair, which fell within the purview of the DPR.

an excellent performance at the polls next year. Starting with party primaries at various levels. I urge you all to ensure that decisions taken here are those that will be for the good of the party and meets the yearnings and expectations of our teeming members and supporters nationwide." He said that ordinary men look up to the leadership of the party for guidance and it must not disappoint or fail them. While delivering an opening speech, National Chairman of APC, Mr. Adams Oshiomhole, said the ruling party had been able to surmount challenges to post an impressive performance in some of the elections so far conducted across the country. He said, "That these happened even after the defections make it all the more interesting.

"After our elections, we worked hard to meet with people from the states who had issues arising from the congresses and we reassured them that we would treat every case on its merit and I believe that we have done a lot of that and will continue to do what we have to do to ensure that there is peace and unity in the state chapters." Among the leaders of the APC that attended the NEC meeting were governors, National Assembly caucus and state chairmen. The National Leader of APC, Senator Bola Tinubu, was also present at the party national secretariat but did not join others at the meeting. Tinubu arrived about 10.56 am before Buhari went straight to the national chairman's office. The immediate past national chairman, Chief John OdigieOyegun was absent.

APC ADOPTS DIRECT PRIMARY TO PICK PRESIDENTIAL CANDIDATE were at liberty to do so if majority of their stakeholders were so inclined. The NEC mandated the National Working Committee (NWC) to review the cost of nomination forms for elective offices downwards. Addressing journalists on the resolutions reached at the end of the NEC meeting, the Governor of Plateau State, Mr. Solomon Lalong, said the party decided to go with the provisions of its constitution by approving the use of direct method for the presidential primary. Lalong said, "The constitution of the party provides for either direct, indirect or consensus but for the presidential election we all agreed that we will adopt direct primaries for the presidential election. "Also a recommendation was made by the NWC

that states should adopt the indirect mode. But there may be situations that this might be difficult in the states, looking at their peculiarities. So if there are such difficulties they can apply the direct process." According to the governor, indirect primary was adopted as a general option for the governorship and other elections in the states, adding, "Any state that has a problem and will want to deviate is at liberty to write and following the normal process, with a resolution from the state executive to the national executive.” When asked if the issue of automatic ticket was discussed, Lalong who was flanked by Kogi State Governor, Alhaji Yahaya Bello, said it was not explicitly discussed but that the party agreed to do something to reward loyal lawmakers.

"In respect to automatic ticket we didn't discuss the issue of automatic ticket. But we discussed that patriotic and loyal members should be rewarded but not necessarily with automatic ticket,” he said. In his opening address at the NEC meeting, Buhari asked the leadership of the APC to ensure that the process of the party's primary election was credible and transparent. He said his administration would continue to work to fulfil promises it made to Nigerians. Speaking on defections that rocked the APC, especially in the National Assembly, Buhari said that the party was able to survive an attempt to destroy its structures. The president said that despite efforts to reconcile aggrieved members, some of them were still bent on causing crisis in the party.

According to him, "Despite reconciliatory attempt to keep the house together, some members were hell bent on pulling down the roof. They left, threatening to go along with scores of people. "But due to the work of the new party leadership, the exit barely made a dent on our super structure as they could not muster the figure they had envisaged to cause an upset, particularly in the two chambers of the National Assembly." He said APC remained in control and was increasing by the day with quality people joining the party. On the issue of primary, Buhari said APC must strive to get its internal democratic process right and move as a team towards the elections. The president said, "Today, we are meeting to look at some major decisions that will ensure

T H I S D AY Ë¾ FRIDAY AUGUST 31, 2018

T H I S D AY ˾ ˜ ͱͯ˜ ͰͮͯͶ

COMMENT

Editor, Editorial Page PETER ISHAKA Email peter.ishaka@thisdaylive.com

LASKADA: BREAKING THE JAWS OF DRUG ABUSE Idowu Omisore writes that more could be done to contain drug abuse

he ongoing International Youth Camp (IYC), with the theme ‘Awakening Humanity in Youth and Fostering Generational Z Leaders’ organised by the Nigerian Red Cross, is targeted at combating drug abuse. The camping exercise, which started August 26 to end on September 2, is in progress at the Resettlement Camp, Igando, in Ikotun-Igando Local Council Development Area (LCDA) Lagos State. This year’s edition of the camp is somewhat timely coinciding with the national urgency to rescue our youths from the claws of drug abuse. Aside from the recent ban of codeine, the government has been making efforts to tackle drug abuse, which is currently a global concern. One of such interventions is Lagos Kicks Against Drug Abuse (LASKADA) recently launched by Governor Akinwunmi Ambode. Speaking about the initiative, Ambode said “This campaign tagged: `Lagos State Kicks against Drug Abuse’ is a clarion call and a reminder of our responsibility as individuals, organisations and society to rise and safeguard our collective future. We must condemn in strong terms, the excessive and persistent self-administration of drugs without regard to medical prescription. As a responsible government, we will not fold our arms and allow this unhealthy practice to create a blurry future for our tomorrow. This is what informed the establishment of Youth-friendly Centres in all the Local Government Areas and Local Council Development Areas (LCDAs). These are to serve as avenues for relaxation and recreation as well as to further engage our youths in productive ventures so that the menace of drug abuse can be drastically reduced.’’ He also mentioned that Drug Dependent Rehabilitation Centres located in Isheri and Majidun were established to give support to the young ones addicted to drugs. Mrs. Adebola Kolawole, the Vice-Chairman of the Nigerian Red Cross (Lagos Branch), said “In Lagos, drug abuse is something everybody is campaigning against, and we are working with the Lagos State Kick Against Drug Abuse.” This is kind of collaboration we need to fight this epidemic. At the federal level, the National Drug Law Enforcement Agency (NDLEA) needs to redouble its effort to block all avenues through which these drugs get into the hands of our young ones. Handling this social vice with kid gloves is the most unreasonable thing to do. Given the enormous scale of this problem, we need strategic collaborations between the government/nongovernmental organisations and the private sector considering the critical need for information, resources and volunteers. For instance, there is a need to get current information on the different kinds of drugs abused and prime locations where drug addicts congregate. Insights gathered from studies should also be shared. It would also help to reward citizens who send useful information to law enforcement agents, especially leads to arrest “merchants of death” who go about selling these destructive drugs. More and more volunteers will be needed to work with government social workers to help out on the field. Training is of essence. The volunteers need to be trained and motivated properly. Young people ought to be encouraged to participate in this kind of life-saving project. This writer was particularly delighted when Mr. Agboola Dabiri, the Commissioner for Youth and Social Development said that the Lagos Kicks Against

ENLIGHTENMENT ABOUT THE DANGERS OF ABUSE MUST CONTINUE IN SCHOOLS, CHURCHES, MOSQUES, IN PUBLIC FORA AND EVERYWHERE YOUNG PEOPLE CAN BE FOUND INCLUDING THE RURAL AREAS

Drug Abuse was birthed from his parley with the divisional youth ambassadors that emerged from IBILE Youth Academy of last year. As part of their efforts to make a difference, the ambassadors had gone to secondary schools to sensitise their students on the dangers of drug abuse. This is exactly what happens when youths are included in the process of decision-making and governance. It’s time we involved young people in the process of building our great nation. Enlightenment about the dangers of abuse must continue in schools, churches, mosques, in public fora and everywhere young people can be found including the rural areas. The media needs to help us bring to the fore burning issues that touch on the economic progress and wellbeing of our society. Mass media organisations are great opinion moulders. Maxwell McCombs and Donald Shaw in Public Opinion Quarterly in 1972 pointed to the agenda setting function of the mass media. They suggested that the media tells people the important issues to think about. In the light of this, television stations, newspapers, magazines, radio stations, blogs and other online platforms can help to focus on the destructive effects of drug abuse and appeal for action from parents, regulators, civil society groups, religious leaders, educationists and government at all levels. To complement the enlightenment programme, we need stiffer penalties to deter both distributors and abusers of these harmful drugs. The unsettling revelation that came out of the British Broadcasting Corporation (BBC)’s investigation on drug abuse earlier in the year awakened our legislators to their oversight/lawmaking duties but sadly codeine had already wreaked a lot of havoc. In her report titled “How cough syrup in Nigeria is creating a generation of addicts”, BBC’s Ruona Meyer explained that “…codeine is in the same chemical family as heroin. It’s an effective painkiller, but is also capable of giving you a euphoric high if consumed in large quantities. It is highly addictive and, taken in excess, can have a devastating impact on the mind and body.” The question on my mind: why is it that we often wait for things to go bad or become worse before we do the needful? The production and importation of codeine has been banned by the Senate and the war against drug abuse is being intensified. Like it’s said, better late than never. We have so many government agencies that are heavily funded every year yet we hardly feel their impact. It is when there is a negative development like this or the media beams its light on issues that touch on them that such agencies start looking for a way to remedy the situation. The National Agency for Food, Drug Administration and Control (NAFDAC) was like that for long until the late Professor Dora Akunyili got in the saddle. Appointing people who have no demonstrable sense of patriotism and credentials to head government agencies is a disservice to the nation. By and large, we need robust networking, coordinated response, continuous enlightenment, political will and relentless enthusiasm to break the jaws of this Mephistophelian menace and salvage the precious lives of our young ones and the future of our nation. Omisore, youth development advocate, wrote from Lagos

GREEN LIGHT IN A SEA OF RED

Anambra State has much to celebrate because of the government’s prudence, writes Chris Egbuna

t is a sad commentary on our national life that citizens’ welfare has receded from governance priorities while celebration of wealth, fame and power by the leaders moves into prominence. Consequently, a worse decay of democratic values cannot be imagined than a system where salaries are not paid for many months. Without doubt, this dehumanising trend leaves government workers and their families overly impoverished. It also impacts negatively on the larger society as decline in disposable income contributes to killing the economy. Unfortunately, this is the sad story of many states of the federation today. Anambra is not one of them. The unrelenting commitment of Governor Willie Obiano to regular payment of workers’ salaries since assumption of office as executive governor of Anambra State, about five years ago, should be seen beyond the prism of social contract. Instead, it portrays him as a leader with deep understanding of the complex algorithms of power – which entails uncommon dexterity in allocation of scarce resources. It also distinguishes him as one who refused to be a companion of state governors that celebrate non-payment of workers’ salaries as a mark of political savvy. It is on record that many states owe arrears of workers’ salaries for upwards of 10 months, with attendant collapse in government-labour relationship and its far-reaching effects on system stability. Some states cannot remember when last they paid pensions to their retired workers. In some cases the trickling of pensions and salaries, when it occurs, is dramatised and given media prominence. This suggests a deep grip of the governors’ arrogance and impunity on the psyche of the people. Yet, torrent of euphoria among sycophants and political jobbers rent the air as the leader gets entangled in sequence of missteps that work against the people.

That Obiano has remained unyielding in his adherence to the fulfillment of his role in the social contract of good governance suggests there is no room for woolly thinking in his administration. This is exemplified in robust infrastructure projects spread across the state; and regular payment of wages, salaries and pensions at a time states’ share of the federal allocation has dwindled remarkably. It would be recalled that Obiano had, in January 2015, approved a 15 per cent pay rise for government workers amid anxieties of impending recession. When the recession finally manifested in the first quarter of 2016 and lasted for 15 months, many had expected “appropriate action” by the state government. Unlike some of his counterparts, Obiano did not resort to salary cut or non-payment of salaries as dwindling trend of federal allocation persisted. Apparently, the pay rise was in fulfillment of Obiano’s promise during his maiden meeting with the state workforce shortly on assumption of office. He recalled that the governor had promised to raise the salary of civil servants to ensure improved standard of living of the workers and their families, more so when ingenuous steps had been taken to increase the state’s internally generated revenue (IGR). The pay rise was approved because of improvement in the state’s internally generated revenue, which at that time stood at N500 million monthly. But with determination, aggressiveness and the blockage of loopholes, the state’s IGR has risen to over N1 billion,” Onyima said at a post-EXCO briefing in January 2015. Earlier this year, the state government, through the Commissioner for Information & Public Enlightenment, Cdon Adinuba, disclosed that Obiano had approved an upward review of workers’ salaries before the end of 2018. Adinuba in a post-exco

media chat explained that the proposed salary review followed moves by the federal government to up the minimum wage in the year, adding that “it is in keeping with Governor Willie Obiano’s campaign promise to energise the state workforce for greater productivity”. He further revealed that government had approved comprehensive training and capacity development programmes for workers in the state “to bring them up to speed as to the vision of the present administration, to enable them take ownership of the process”. A landmark of Obiano’s disparate approach to governance was recorded recently at a time that about 15 states could not pay June salaries. The states were reportedly trapped in the squabble between the Nigerian National Petroleum Corporation (NNPC) and FAAC over remittance discrepancies that resulted in revenue drop for June 2018. The controversy which lingered for close to three weeks led to late payment of salaries, allowances and pensions of state workers and retirees, thereby worsening already bad situation. “We operate NNPC as a business. We have invested public capital in that business and we have expectations of return and when that return falls lower than our expectations, then the owners of the business, which in this case is the federal government and states need to act. So, that was what caused the deadlock and we really felt the figures that the NNPC proposed for FAAC were unacceptable”, Finance Minister, Kemi Adeosun, told journalists in Abuja at the outset of the revenue crisis that rocked government’s revenue pool. The situation plunged many states’ workers into dilemma as uncertainty over receiving their salaries began to thicken in their psyche. Surprisingly, some oil-producing states with huge FAAC allocation and buoyant IGR windows were caught in the miry clay of the NNPC-FAAC remittance imbroglio. Reports

showed that a few states that paid June salaries did so with bank facilities. Obiano had received accolades for prompt payment of June salary to all categories of Anambra government workers while revenue from June FAAC allocation was yet to be received. Reports indicate that the state workers were thrown into wide jubilation as credit alerts began to hit their mobile phones to confirm payment of their salaries into their bank accounts. Obiano recognises the importance of efficient public service in positioning Anambra as a production and export-oriented economy. He is not approaching the much-touted “diversification” of the economy as mere jargon that should be rehearsed for theatrical display of a ‘performing governor’. “Our business is moving rapidly fast in Anambra because government workers are paid regularly. It is their continued patronage that is really boosting our business. That is how the economy grows – everyone is happy at what he is doing including transporters, school owners, churches and builders”, said Afamefuna Ononye, a textile dealer in Onitsha. Anambra has an estimated population of 5.5 million as at March 2016. It’s Nigeria’s fourth largest economy (after Lagos, Rivers and Abuja) with a GDP of $13.5 billion (as at 2014). According to Debt Management Office (DMO), Anambra has the lowest domestic debt of N2.6 billion as at December 31, 2017. Its external debt, as at same date, is $86 million. The state IGR grew from N8.73 billion in 2013 to N17.36 billion in 2017, according to National Bureau of Statistics (NBS), representing almost 100 per cent increase. Anambra is among the states that did not collect the workers’ salary bailout package doled out by the federal government at the inception of the Buhari administration in 2015. Egbuna wrote from Nnewi

T H I S D AY FRIDAY, AUGUST 31, 2018

EDITORIAL FOCAC AND SINO-AFRICAN RELATIONS The FOCAC summit provides an opportunity to look at the challenges of the partnership

ince its establishment 18 years ago, the Forum on China–Africa Cooperation (FOCAC) has upheld the principles of extensive consultation, joint contribution and shared beneﬁts, and has helped in the area of infrastructure in many African countries. To date, China-Africa cooperation under the framework of the forum has also become a strategic instrument for partnership for growth and development. That perhaps explains why expectations are high as this year’s summit opens on Monday in Beijing with many African leaders, including President Muhammadu Buhari expected to attend. The essence of the 2018 FOCAC is to deepen ChinaAfrica friendly cooperation, according to President Xi Jinping who has over the years harped on the values of friendship, justice and shared interests. The expectations from the summit include writing a new charter for integrating the Belt and Road Initiative with the development of Africa, setting a new path for Sino-African cooperation and helping to further cement the relationships between the two peoples. Along THE MAIN CHALLENGE this direction, the summit will adopt IS THAT WITH THE two outcome docuCHINESE POLICY OF ments with a series of NON-INTERFERENCE bilateral cooperation IN THE AFFAIRS OF agreements between OTHER COUNTRIES, China and sevACCOUNTABILITY IS eral African countries, NOT DEMANDED OF THE including Nigeria. In May this year, AFRICAN LEADERS IN the Central Bank of THE MANNER TO WHICH Nigeria (CBN) and the THEY DEPLOY LOANS Peoples Bank of China FROM CHINA (PBoC) signed an agreement on a transaction valued at Renminbi (RMB) 16 billion or the equivalent of about $2.5bn. The currency swap deal means that the Chinese Yuan now ranks with the dollar, Euro and to a little extent, pounds sterling as a second currency in Nigeria. Aside the fact that the deal shields Nigerian businessmen from the vagaries of third currency ﬂuctuations, it is now also easier for Chinese manufacturers seeking to buy raw materials from the

Letters to the Editor

Nigerian market to obtain Naira from Chinese banks to pay for their imports. Meanwhile, the 2018 edition of FOCAC could not have come at a more auspicious moment. Given the disposition of the current American President Donald Trump, the United States is becoming increasingly less important than China and the European Union in terms of trade and investment on the continent. A 2017 McKinsey report states that there are no fewer than 10,000 Chinese– owned companies in Africa today. Many of these investments, according to the report, “increasingly contribute to job creation, skills development, and the transfer of new technologies, practices more generally associated with Western business norms.”

H T H I S DAY EDITOR BOLAJI ADEBIYI DEPUTY EDITOR DAVIDSON IRIEKPEN MANAGING DIRECTOR ENIOLA BELLO DEPUTY MANAGING DIRECTOR KAYODE KOMOLAFE CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN MANAGING EDITOR JOSEPH USHIGIALE

T H I S DAY N E W S PA P E R S L I M I T E D EDITOR-IN-CHIEF/CHAIRMAN NDUKA OBAIGBENA GROUP EXECUTIVE DIRECTORS ENIOLA BELLO, KAYODE KOMOLAFE, ISRAEL IWEGBU, IJEOMA NWOGWUGWU, EMMANUEL EFENI DIVISIONAL DIRECTORS BOLAJI ADEBIYI, PETER IWEGBU, ANTHONY OGEDENGBE DEPUTY DIVISIONAL DIRECTOR OJOGUN VICTOR DANBOYI SNR. ASSOCIATE DIRECTOR ERIC OJEH ASSOCIATE DIRECTORS PATRICK EIMIUHI, SAHEED ADEYEMO CONTROLLERS ABIMBOLA TAIWO, UCHENNA DIBIAGWU, NDUKA MOSERI DIRECTOR, PRINTING PRODUCTION CHUKS ONWUDINJO

owever, with the aggressive manner in which China pursues the implementation of the Belt and Road Initiative both at home and abroad, there are also concerns that about 14 per cent of sub-Saharan Africa’s total debt stock is being held by China. Before his last visit to Africa where he learnt of his sack on Twitter, former American Secretary of State, Mr Rex Tillerson had accused China of using “predatory loan practices” to undermine growth and development on the continent even though by helping to develop the infrastructure, China is actually helping the economies of many of these countries. At the last count, China is believed to be financing well over 3,000 infrastructure projects across Africa with about $90 billion in commercial loans. But the main challenge is that with the Chinese policy of non-interference in the affairs of other countries, accountability is not demanded of the African leaders in the manner to which they deploy these loans. That is an issue that needs to be addressed if the people on the continent, and not the political leaders, are ever to benefit from the debts that are already piling up for future generations to repay. However, it is most fitting that some of the issues on the FOCAC agenda this year include the promotion of policy coordination, financial integration and peopleto-people bonds between China and Africa, especially in the areas and directions that have a stake in creating employment opportunities and inclusive growth.

TO SEND EMAIL: ﬁrst name.surname@thisdaylive.com

TO OUR READERS Letters in response to speciﬁc 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.

SARAKI AND SOCIETE GENERALE BANK

s 2019 general election approaches, all sorts of stories will come up about the personalities of the candidates. The tendency of coming after opposition’s big wigs would not make a surprise. For Bukola Saraki, the chances of blackmail on him will be higher. One of such likely issues of blackmail could be about the Societe General Bank of Nigeria. It’s therefore important to set the records straight because of the public right to factual information, particularly about public figures. In setting the record straight, however, it must begin on the Central Bank of Nigeria’s poor regulatory work and the NDIC’s failure in performing its statutory role. For several years, news reports, rumours and sponsored attacks have linked the supposed downfall of the Societe Generale bank to the President of the Senate, Dr Bukola Saraki. These reports are false and I will like to explore what really happened to Society Generale Bank and their numerous customers after the CBN made the wrong decision to terminate its licence, a decision that was reversed after a lengthy court process that resulted in victory for the SGBN. This judgment did not stop the outright lies and the media attack on the management of SGBN and the Saraki family. In 2004, the CBN issued guidelines and incentives on consolidation in the Nigerian banking industry where banks were encouraged to recapitalise (by injecting funds into the banks) to the tune of N25 billion by December 31, 2005 or

merge or be acquired. SGBN embarked on the exercise for merger or acquisition by other banks. The CBN closed down SGBN in January, 2006 on account of failure to meet new minimum capital requirements US4155million (NGN 25bn) for a national bank. Meanwhile, one of the conditions was for SGBN to seek and obtain a forbearance of about 80-100% of its debts. SGBN was only granted the forbearance by the same CBN on January 5th, 2006 after the deadline had elapsed. SGBN dragged CBN to court immediately and in a judgment delivered by Justice Murtala Nyako in 2009, the Federal High Court reversed the revocation of SGBN’s operational licence and declared that the CBN had overstepped its regulatory boundaries. Justice Nyako stated that the revocation was perpetrated in bad faith and was therefore null and void. It was held that the fact that the CBN did not intend for the SGBN to meet the conditions imposed was in bad faith, which had foisted the court with the power to interfere with the power of the Governor of the CBN. The CBN kicked and appealed the judgment as opposed to granting the licence back immediately as the court had ordered; this phase went on for another year before the Central bank returned SGBN’s licence as a regional bank and withdrew its appeal. SGBN then rebranded and returned as Heritage Bank in 2012 after meeting the new requirements by the CBN and AMCON after which it commenced an excercise to revalidate the accounts of old

customers to give them the opportunity to either withdraw their money or reactivate their accounts with the bank. Some of the stories being bandied around is that so many people lost their life savings to the bank leading to tragic stories. If any of this is indeed true, the fault lies directly with the CBN that went ahead to revoke SGBN’s licence in bad faith and the Nigerian Deposit insurance Corporation (NDIC) for not living up to its statutory role. Nigerian depositors are insured according to the NDIC act, The corporation is charged with the responsibility of insuring the deposit liabilities of licensed deposit-taking institutions. This was done to maintain public confidence in the banking system, thus fostering economic stability and growth. During the needless legal tussle between SGBN and CBN, the NDIC should have done its statutory role of repaying depositors with less than N200,000 at the very least while others get paid on a pro-rata basis from proceeds of possible liquidation. This is the exact reason it was set up. As at 2013, barely a year after operations, Heritage Bank declared that customers have withdrawn over 60% of the N21bn deposit base it inherited from SGBN. Today, Heritage Bank claims they have completed the exercise 100 per cent. Bukola Saraki is a man with a profound pedigree and whose record of public services and achievements command the respect of many across the country. He is a man who is well loved by Nigerians and because of this, the people of the country continues to clamour for his leadership. Femi Salako, Lagos

T H I S D AY ˾ ͱͯ˜ ͰͮͯͶ

T H I S D AY • FRIDAY, AUGUST 17, 2018

roup Politics Editor NSEOBONG OKON-EKONG Email nseobong.okonekong@thisdaylive.com 08114495324 SMS ONLY

POLITICS

PERSPECTIVE

OPTIONS BEFORE NIGERIANS Bukola Saraki

Let me say, once again, how wonderful it is to see so many talented and purposeful young people at this first edition of the Public Dialogue Series with Political Parties on Youth Candidacy and Party Primaries. Looking at you, I see future leaders who present themselves as capable and worthy to take on the mantle of leadership in this country, and this gladdens my heart. From my interactions with many of you, and with your contemporaries across the country, I can see that we are blessed with a determined generation that stands ready to join with us to power a Nigerian renaissance. The quality of people I see here today affirms my belief that, indeed, you are Not Too Young to Run. I deeply appreciate this opportunity to share some of my ideas about where we are as a nation, as well as the challenges before us as we approach the great decider that is the 2019 General Elections. It is widely acknowledged that ours is a relatively ‘young’ country bursting with tremendous energy, ability and potential. More than 70 per cent of our population is under the age of 40. You are indeed the future of this country. Ordinarily, such a young population would be the envy of many Western countries that are faced with ageing populations, but the dire state of our affairs tarnishes the youthful advantage that we have. Up and down our country today, Nigerians are crying out for succour. Many of our children are hungry. Many people are dying of avoidable or otherwise treatable diseases. Many have fallen below basic living standards, and are now among the 87 million that sealed Nigeria’s position as the country with the highest number of people in extreme poverty. Our young people lack opportunities. The necessary education facilities and system to equip them for the future simply do not exist. We are not creating the jobs needed to usefully engage them in order to grow our economy. And too often, the youth feel shut out, prevented from having any say in the direction of this nation. The harsh conditions of extreme poverty faced by the people, fuels the state of insecurity all over the country. Hunger, lack of education and lack of opportunities push many Nigerians into criminal activities including terrorism. Many of our communities are paralysed with fear - due to incessant communal crises, kidnappings and other social ills, as well as the threat of terrorism. We are failing abysmally to tackle the problems of today and to prepare for the future. Our economy is broken and is in need of urgent revival in order for Nigeria to grow. GDP growth rate has declined. Diversification remains an illusion. Unemployment is at an all-time high. Businesses are shutting down. Jobs are being lost in record numbers, and the capital needed to jumpstart our economy is going elsewhere. Nigeria is perhaps more divided now than ever before. We are increasingly divided along regional, religious and ethnic lines. Nigerians are also divided by class, a festering gulf between the ‘Haves’ and the ‘Have-Nots’. The fault lines of this nation are widening to an alarming degree. We must do something fast, and we must be brave about it. We must ensure the security of lives in Nigeria. As things stand now, no one is safe in this country. No one feels truly safe. We must restore the sanctity of the rule of law and strengthen democratic institutions in order to build a just, fair and equitable society for all. We must rebuild the trust of our people in government. We need a new generation of leaders that are competent, with the capability to rise to the challenges of the 21st century. We must pull this country back together and rebuild, block by block, with dedication and commitment. You will agree with me that this is an urgent task that requires the concerted efforts of each

Saraki

and every one of us. If we look around today, what do we see? What is the condition of our citizens? Where are we as a nation? How are we perceived locally and internationally? Why are we not making the expected progress?

As a former two-term governor and currently President of the Senate by the grace of God, I believe I possess a unique blend of executive and legislative experience to push for and implement reforms that will deliver real improvements in the daily lives of our people.

(SMEs) as one of the ways of energising the economy and to create wealth for our people, especially the youth. I want to see the youth play major roles at all levels, not only in government but also in the private sector and indeed in every area of Nigerian life. This will be a government driven by youthful energy, innovation and a pioneering entrepreneurial spirit. Nigerian youth will be given all the opportunities to realise their potential to the full within a national framework that guarantees inclusiveness. For youth who have ideas and capacity, we will make sure that there is funding for their ventures; and we shall build on the Made in Nigeria legislation as part of our job creation drive.My plan is to secure Nigeria by redesigning our national security architecture, while adequately equipping our security agencies to fulfill their primary role of protecting lives and property. I will address our infrastructural deficit through aggressive financing initiatives including mutually beneficial PPP arrangements, regular floating of bonds and other financial instruments, which will ensure stable, adequate and reliable funding to see to the completion of core projects especially road, rail and power. My plan is to protect all Nigerians and defend their constitutional rights and freedoms. I will stand for and uphold at all times the principle of the rule of law, which is the bedrock of democratic governance. Ours will not be a selective fight against corruption. The emphasis will be on strengthening institutions, with a particular focus on deterrence. We cannot afford to compromise our institutions with proxy wars against perceived political opponents. We see the fight against corruption as crucial to Nigeria’s economic development. I offer leadership driven by empathy. Where leaders are responsive to the citizens. Where they know that government cares. We will not be indifferent or turn a blind eye to the real concerns of our people. Every single Nigerian life matters. For me, the leadership we deserve is one that will be a source of pride to all Nigerians, one that will be respected and admired in Africa and around the world. It should be a Why are we not growing? There is no time leadership that can hold its own and stand to waste. The time is now, to come together tall anywhere in the world. That is the type to stimulate growth in Nigeria, especially in of leadership I offer. As a former two-term governor and curthe national economy. The choice we face in the forthcoming rently President of the Senate by the grace election is either to keep things as they are, of God, I believe I possess a unique blend of or make a radical departure from the old executive and legislative experience to push ways. To find a better way of doing things or for and implement reforms that will deliver keep repeating the mistakes of the past. To real improvements in the daily lives of our fix the problems or keep compounding them. people. I know what it takes to create jobs It is with all these in mind, and taking and grow the economy. I can make the tough account of the challenges that I have outlined, decisions when it matters. I will spearhead that I have decided to answer the call of a new agenda that can transform the lives teeming youth who have asked me to run of ordinary Nigerians in real terms. Believe me when I say that it will not be forPresident. Accordingly, I hereby announce my intention to run for the office of President business as usual. This will be a dynamic of the Federal Republic of Nigeria in the government of action that will pursue the coming General Elections in 2019 on the growth of Nigeria with doggedness, determinaplatform of the People’s Democratic Party tion and conviction. I will lead a result-driven (PDP). I do so with the firm conviction that I administration. We shall set targets with have what it takes to secure inclusive growth clear timelines to ensure that anticipated deliverables are met. You can benchmark us for Nigeria and Nigerians. My Plan for Nigeria has inclusion in all and hold us accountable. In short, I assure aspects of the country’s affairs as a central you that I will deliver on all promises. What pillar. Every citizen has the inalienable right I envision is a new chapter in governance to feel a sense of belonging, no matter their in this country. We will be driven by what background or creed, or what part of the is best for Nigerians. I have deliberately chosen the opportunity country they come from. No matter who you voted for or what your convictions are, of being here with you, my Number One constituency who I see as the future of our government must work for you. Your generation does not deserve to live great country, to make my intention known. in the poverty capital of the world. It is no I believe the Nigerian youth are critical to longer an issue of how we got here, but how rebuilding and growing the economy, and do we get out of this situation? I promise restoring our national pride. I therefore ask you and all well-meaning you that I will lead the fight and employ every God-given resource available to us in Nigerians to join hands with me in this turning things around. I am determined to noble cause. grow Nigeria out of poverty. We will stimulate Saraki is Nigeria’s Senate president the growth of Small and Medium Enterprises

T H I S D AY • FRIDAY, AUGUST 17, 2018

PERSPECTIVE

OLD AND NEW BREED JOSTLE FOR ABIA SENATORIAL SEAT Nwaobia Chigbu

lthough the 2019 senatorial elections is still months away, the race for Abia South seat has become hot and interesting. Already, it is the most intriguing in Abia State, considering the aspirants that have so far come out in the leading political parties and the issues that currently dominate discussion among the electorate. Of all the three senatorial districts in the South-east state, Abia South has so far attracted the highest number of aspirants for the 2019 elections. They include the incumbent Senator Enyinnaya Abaribe, who is poised to contest for a fourth term in office, Chief Chinwe Nwanganga, Professor Ikechi Mgbeoji, Dr. Solomon Ogunji, and Rt. Hon. Emeka Stanley, all on the platform of the ruling Peoples Democratic Party (PDP) in the state. On the platform of the All Progressives Congress (APC), the leading aspirants include former Managing Director of the defunct Hallmark Bank, Sir Mac Wabara, and an internationally acclaimed Petroleum Engineer, Chinedu Onyeizu. On the platform of All Progressives Grand Alliance (APGA), there are strong indications that Chief Chris Nkwonta will run. The Akwete, Ukwa East billionaire ran against Abaribe in 2015 but lost. Onyeizu, 38, represents the new breed in the politics of Abia South. Born November 23, 1980 at Abayi - Ohanze village in Obingwa Local Government Area of Abia State, Onyeizu, an engineer of international repute, plans to carry the flag of APC in the senatorial election for Abia South. Young, fresh and intellectually deep, Onyeizu has, since he declared his interest in the contest, never ceased to attract attention. Close watchers of the unfolding campaign intrigues in the area say most of the other “experienced” aspirants for the seat, including the big and the mighty in the politics of Abia South, are already jittery over Onyeizu’s acceptance and growing popularity among the youths and a large section of the old. So, why would a young man like that, with little or no political experience, become such an instant factor to reckon with in a race that parades old political lords and known moneybags? Many factors could be adduced for this. The first is, perhaps, the personality, himself. Onyeizu, according to the people that

Abaribe

Onyeizu

have associated with him at close quarters, is a brilliant example of a determined youth eager to make a difference when it matters most. He was born and brought up in a middle class family of ﬁve (three boys and two girls). His father is a licensed land surveyor and his late mum was a secondary school principal. He had his primary and secondary school education in Aba, and later attended Federal University of Technology, Owerri, where he graduated in 2002 with Bachelor of Engineering (B.Eng.) in Petroleum Engineering. Between then and now, young Onyeizu has travelled far and near in search of the mythical Golden Fleece and everywhere he went to, he has made visible marks that seem to conﬁrm his destiny to reach the very top. His has been a story of excellence wrapped up in a humble soul. Onyeizu did his NYSC in Bayelsa State and his meritorious service during this period earned him the Best Corps Member award (given by the Executive Governor of Bayelsa State) in the 2003 Batch A set. As a young university graduate, he single-handedly invited a team of 10 expatriate ophthalmologists for a free eye surgery camp in Bayelsa State. His humanitarian project restored sight to 67 cataract blind people in the society. In 2006, Onyeizu was recognised as the Best Young Engineer in West Africa by PENWELL Petroleum Group, a UK-based organisation, during the 2006 Offshore West Africa Confer-

ence in Abuja. He developed and presented a GIS model that is capable of detecting and transmitting real time data on vulnerability of the environment to spill in a Niger Delta oilﬁeld. Well exposed, he has had the privilege of studying at prestigious universities like Harvard University in the USA, Herriot-Watt University in Scotland, and Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts for postgraduate degrees. He started his professional career as a Natural Gas Research Associate with the Petroleum Trust Development Fund (PTDF) in 2004 and joined Chevron Nigeria Limited in 2007 where he worked in various petroleum upstream projects. With a scope of expertise that includes Petroleum Asset development, Strategy Planning, Power and Energy Policy development, and Project Management at senior executive levels, Onyeizu is well exposed and experienced in development issues. He is, undoubtedly, the kind of leader and representative society needs at this point, when the youth and the working class, the critical segment of the voting population, are eager for real change in the politics of the oil-rich Abia South senatorial district. The argument today is that among the aspirants, Onyeizu is the only one that has the real experience to advance the course of Abia South, in particular, and Abia State, in general, as an oil producing community. He is the only one that has the critical knowledge

AUTOGRAPH

for proper development and utilisation of this natural resource. What the so-called experienced politicians, like the incumbent Abaribe or the other moneybags, like Wabara, have to present is their huge bags of money or long years of service in the public sector. The fear they have as the 2019 election campaign begins, is that this young man, Onyeizu, has today offered something fresh and new! Something that is most needed by a people so blessed, but so denied of the benefits of their God-given blessing that they sometimes feel they are victims of an oil curse. Given his background and track record, his supporters would have little or no difficulty in marketing him to the critical electorate. Though the youngest among the aspirants, he has the critical experience that counts. In 2016, while studying for his MBA at MIT, Onyeizu developed and shared a policy and technology based model capable of transforming Nigeria’s petroleum industry. His model promises to position Nigeria as a global hub for crude oil refining and distribution in West Africa and the rest of the world. His work received global recognition and was later published by MIT in the October 2017 edition of MIT Expert blog. He later founded an organisation, Africa Policy Evaluation and Research Associates (AfriPERA), focused on working with national and regional governments and institutions on developing and reviewing policies on energy, power, agriculture and economy for the development of Africa and other emerging economies. No wonder, even the high and mighty are already fidgeting as this young promising aspirant steps out? The questions informed analysts would soon begin to ask is, why would such an aspirant, with clear vision and potential, not inspire and attract the youth, young adults, the aged and even the grassroots who have been deceived for long by the so-called experienced politicians and money bags? Today’s voters, especially the youth and other segments who feel betrayed, are no longer gullible. For them, the Abia South senatorial election in 2019 will be a battle between the expired old leaders and the vibrant youths who are ready to hit the ground running. They know what is good for them and are no longer ready to be deceived by the same set of leaders that have used them to fly high for years but have nothing tangible to offer the common people at the grassroots. Chigbu writes from Lagos.

By Nseobong Okon-Ekong

DID AKEREDOLU REALLY SAY THAT? Nseobong Okon-Ekong writes that a mockery of the former Lagos State governor, Senator Bola Tinubu accredited to Governor Olurotimi Akeredolu of Ondo State is one of the most asinine statements ever made by a Nigerian public oﬃcial

ou have probably heard a lot about Olurotimi Akeredolu, a Senior Advocate of Nigeria and Governor of Ondo State and his surprisingly durable beef against the National Leader of the All Progressives Congress (APC), Senator Bola Tinubu. Everybody is talking about how the governor made a public show of the smallness of his mind in a most unfortunate statement ﬁred at Tinubu. The Ondo State chief executive barely concealed his hatred for the former governor of Lagos State. He has been captured on camera looking at Tinubu with apparent dagger in his eyes. Anytime the two men meet at public functions, they rush through courtesies and keep the distance from one another. All of these should not be a surprise if you have been following the political career of Akeredolu who is sometimes called Aketi. Recently, Akeredolu was widely reported in the news to have advised

Akeredolu the management of a private radio station, Adaba 88.9 FM, in Akure, to ask their ‘oga’ (boss) to construct the road that leads to the station. The station is a subsidiary of TVC Communications owned by Tinubu. The governor spoke

at the dinner and award night to mark the station’s 10th anniversary. He said, “The moment everybody sees Television Continental (TVC) and Adaba FM, they all know who the parents are, but I will not say more than that. “So, if we have these two big organisations and we all know who their parents are, it could be a form of Corporate Social Responsibility if they can help them build their road. We are not seeing much here in Ondo State, but a lot is being done in many places. The road to TVC in Lagos was built by him. So, you can help us tell your Oga that this road is not too long for him to do in Ondo State. Or am I lying? No. It is not too long for him to construct.” Close to two years after he became Governor of Ondo State, Akeredolu is still bellyaching over the decision of Tinubu to support another candidate for the party’s governorship ticket. The animosity towards Tinubu is tearing at him inside so much that his victory at the 2016 governorship poll is not enough antidote to heal the trauma.

The contentious primary election had already claimed a major casualty in the former National Chairman of the APC who Tinubu openly called out for his role in Akeredolu’s emergence. The 2016 governorship election in Ondo was a big gamble for Tinubu. He lost. The hype emerging from that illfated incident of missing his target suggested that the APC National Leader’s influence in the South-west was on the wane and that it won’t be long before he was completely disgraced. A mockery of Tinubu such as was accredited to Akeredolu is one of the most asinine statements ever made by a Nigerian public official. Does it mean Akeredolu is still in doubt or shock that he is the governor of Ondo State? That invective from the Ondo governor exposes a worrisome side to his mind which should spark a conversation about the stability of public office holders. On the other hand, it could be that Akeredolu actually understands the over-sentimental nature of

politics in Nigeria. It is very normal for a governor of a Nigerian state to turn a blind eye to a particular part of the state where he did not record a good score on election day, even if it is brimming over with opportunities to turn-around the fortunes of its economy. The entire stupidity of such mind set is, in part, responsible for the backwardness that pervades the country. Akeredolu did not accuse the management of Adaba FM of not paying tax. It did not matter to the governor that employees (most of who are probably indigenes of the state) are gainfully employed. In a very vulgar manner that is unexpected of one in the exalted office of a governor, Akeredolu explained away his ineptitude and offered a rather spongy alternative that unwittingly shoots back the mockery at him. The statement does not reflect the sagely mien conferred on Akeredolu by the mat of grey beard and his professional status as a senior ‘learned’ citizen.

T H I S D AY • FRIDAY, AUGUST 31, 2018

BUSINESSWORLD R A T E S MONEY MARKET OBB OVERNIGHT

A S

A T

A U G U S T

REPO 6.75 7.92

CALL 1-MONTH 3-MONTH

Group Business Editor Obinna Chima Email: obinna.chima@thisdaylive.com 08024557078, 08091152219

2 4 ,

2 0 1 8

S & P INDEX 7.50 8.30 8.82

INDEX LEVEL 1-DAY MONTH-TO-DAY QUARTER-TO-DAY YEAR-TO-DAY

EXCHANGE RATE 346.56% 0.13% 2.40% -2.16% 5.19%

N306.10/1US DOLLAR AS AT LAST FRIDAY

Quick Takes Consumers Name Best UK Airports

The UK Consumers’ Association has named the best and worst airports in Britain after it surveyed over 11,000 of its members. CA, which publishes the Which? monthly consumer report, named Doncaster Sheﬃeld airport the best in the survey, with a score of 87 per cent. Another smaller regional airport, London Southend, came in second overall on 84 percent. Airwise.com reported that Doncaster Sheﬃeld scored well in areas such as queue times, passport control and passenger facilities. The customer score is based on a combination of overall satisfaction and how likely respondents were to recommend the airport. Birmingham was the top scoring of the nation’s larger airports with 61 percent. The travel experience through London Heathrow depended on which terminal was used. British Airways’ Terminal 5 topped the airport’s list with a 63 percent rating, but the older Terminal 3 scored only 55 percent, with delays at passport control and the limited range of shops and restaurants cited as factors. At the other end of the scale, London Luton was rated the worst airport in the UK, with “disastrous customer service, queues at passport control and poor facilities” the worst aspects. Which? travel editor Rory Boland said “Travellers want to start their trips in the smoothest way, but long queues through airports and a lack of facilities can cast a rain cloud over any getaway.

MEDIA PARLEY

Head, Business Development, Stanbic IBTC Insurance Brokers Limited, Ibiyemi Mezu; Chief Executive, Anselem Igbo and Chief Operating Oﬃcer, Sakeenat Bakare, at a media parley organised by the ﬁrm in Lagos…recently

Concession, Solution to Poor Infrastructure, Says NCAA DG Chinedu Eze The Director General of the Nigerian Civil Aviation Authority (NCAA), Captain Muhtar Usman has said the problem of obsolete and inadequate infrastructure in the aviation industry would be a thing of the past if the airports are concessioned. Muhtar who spoke to THISDAY in an exclusive interview in Lagos, said cost intensive projects such as airport facilities, rail and road construction are given out in concession under a Public Private Partnership (PPP) because government does not have the resources to fund such

AVIATION projects alone. He said for Nigeria to be a hub, it must have modern airports with modern facilities. It must also have transit lounge and other necessary facilities that would enable passengers stay to connect flights to other destinations, he said. “First of all, we have to look at our airports, for example Murtala Muhammed International Airport (MMIA), Lagos is built about 40 years ago, which was built for specific maximum number of passengers which it has exceeded by now. So, for you to have a

hub you need to have seamless connectivity and Nigeria is a natural hub geographically. And we have what it takes to put in place to make a very efficient hub. We need to get the airport improved for facilitation and security and of course, safety. “The modern trend nowadays is that government goes into partnership in the form of concession with the private sector to invest in the facilities and bring the airport to the international standards which will enable seamless connectivity. The current administration has started the process of concession and has established transaction

Airport

adviser that will recommend modalities and process for the concession programme,” the Director-General of NCAA said. He said other facilities such as availability of fuel, maintenance repair and overhaul (MRO) facility must be put in place for an airport to become a hub. Muhtar, noted that a hub cannot be successful without a national airline, which would provide the platform for the full utilisation of the facilities, aviation training and aircraft maintenance. “This is where the national Continued on page 20

NPA Advocates Effective Implementation of PPA 2007 Eromosele Abiodun The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman has called for the effective implementation of the Public Procurement Act (PPA) 2007, to achieve the purpose for which it was enacted. She stated this when members of the Nigeria Institution of Procurement Engineers (NIProcE)– Lagos Chapter, paid her a courtesy visit in Lagos. She said management of the NPA was in support of the formation of the institution, insisting that the establishment of the institution would enhance the understanding and effective implementation of the Nigerian Public Procurement Act 2007. While commending the

AVIATION initiators of the Institution, the NPA managing director, however enjoined them to propagate the provisions of Procurement Act extensively so that the public sector would be guided accordingly. Speaking through the General Manager, Engineering, Rufai Mohammed who received members of the institution, the NPA boss expressed appreciation on the institution’s offer to partner with the NPA to ensure the successful implementation of the Act, through capacity building, and appropriate interaction with procurement entities. Bala-Usman, while commending the activities of the institution since its inauguration in May 2017, particularly ex-

pressed about the advice offered by the institution on ways at avoiding offenses captured in section 58(4) of the Act as well as the responsibilities of the Managing Director in the Act as stipulated in section 16, sub-section 20 and 21 and section 20. Earlier, the chairman of the institution, Engr. (Sir) Samuel Echedom, told the NPA boss that the Nigeria Institution of Procurement Engineers (NIProcE) has now become a hub and focal division of the Nigeria Society of Engineers (NSE) and in pursuit of its objective, have exhibited vibrancy and commitment through organizing trainings, workshops and seminars. He said the objective of the institution include articulating

and formulating more effective and efficient procurement process, assisting government set goal of Economic Recovery and Growth Plan (ERGP), establishing partnership and collaborations with the Federal Government Procurement Regulators, Ministries, Department and Agencies as well as ensuring that Nigerian contractors, suppliers, consultants and other service providers are given first consideration in all matters relating to public procurement by ensuring that the Act are compiled with by all concerned. “As a watchdog, we want to ensure that fairness, equity, competition, transparency, openness, efficiency and value for money Continued on page 20

Ethiopian Partners Chad

Ethiopian Airlines has announced that it has finalised agreements with the Government of Chad for the launch of Chad national carrier. Ethiopian has 49 per cent stake in the joint venture while the Government of Chad retains 51 per cent. The new Chad national carrier is planned to go into operation on October 1, 2018. Group CEO of Ethiopian Airlines remarked, Mr. Tewolde GebreMariam, “The strategic equity partnership in the launching of the new Chad national carrier is part of our Vision 2025 multiple hub strategy in Africa. “The new Chad national carrier will serve as a strong hub in Central Africa availing domestic, regional and eventually international air connectivity to the major destinations in the Middle East, Europe and Asia. I wish to thank His Excellency President Idriss Deby Itno, the Government of Chad and the stakeholders in the aviation sector in Chad for their strong support to the project.” Through its multiple hubs strategy in Africa, Ethiopian currently operates hubs in Lomé (Togo) with ASKY Airlines and Malawian in Lilongwe (Malawi), while having the already acquired stakes in Zambia’s and Guinea’s national carriers and making preparations to launch Ethiopian Mozambique Airlines. Ethiopian Airlines (Ethiopian) is the fastest growing Airline in Africa. In its seventy plus years of operation, Ethiopian has become one of the continent’s leading carriers, unrivalled in efficiency and operational success.

Pilots Approve Collective Agreement Ryanair’s Italy-based pilots have voted to accept a collective agreement with the airline after eight months of negotiations. The ANPAC union representing the pilots said the ratification vote passed with a large majority, after a series of escalating 24-hour strikes by cockpit crew caused hundreds of flight cancellations during the summer travel season. According to airwise.com, ANPAC expressed satisfaction with the result, saying it was a historic event that gives greater protection and guarantees, as well as adequate economic recognition to pilots. Ryanair welcomed the result of the vote saying it hoped it will shortly be followed by a similar agreement covering its Irish pilots.

“The Nigerian Civil Aviation Regulations stipulates that access by persons and vehicles to restricted areas of the airport is prohibited,”

Director General, the Nigerian Civil Aviation Authority

Muhtar Usman

T H I S D AY • FRIDAY, AUGUST 31, 2018

BUSINESSWORLD CONCESSION, SOLUTION TO POOR AIRPORT INFRASTRUCTURE, SAYS NCAA DG

airline or the flag carrier comes into play, to take advantage of the bilateral air service agreements (BASA) that we have. It would provide the full utlilisation of the efficient and modern airport facilities and other supporting facilities for efficient coordination such as the MRO. “The advantage of modern airport facilities and national airline is that they will create jobs because when you expand the airport certainly you will need people to work. “When you establish maintenance, repair and overhaul centre, you will also need people to work and they will all be Nigerians. The carrier is certainly going to employ a lot of people; there will be aviation fuel fuelling facility to feed higher number of aircraft that would be coming to the airport.

NPA ADVOCATES EFFECTIVE IMPLEMENTATION OF PPA 2007 is achieved in the Procurement process. We will ensure that salient issues in the Act such as the Procurement Planning Committee and Evaluation Committee are set up in line with the provisions of the Act, ”Echedom added. He announced plans by the Institution to host the Institution 2018 Procurement Summit billed to take place on November 3rd, 2018 under the theme “The Role of Public Procurement in the Implementation of an Effective Transport System in Nigeria,” in Lagos. Members of the newly reconstituted NPA Pilotage Districts Boards had last week recommended the urgent review of relevant sections onpilotage in the Ports Act of 1999, to reflect the present dynamics of the industry. The members in a communique signed by 21 participants at a workshop also resolved that the “NPA Marine Pilots Training Manual” be reviewed to ensure the proper and effective capacity for the Authority’s trainee pilots.

Group Business Editor

Obinna Chima

NEWS

Customs Agents Accuse Ali of Lopsidedness in Promotion, Posting of Officers Stories by Eromosele Abiodun Customs agents in the country have accused the Comptroller General of the Nigeria Customs Service (NCS), Col Hameed Ali (rtd) of favouring officers of northern origin in postings to head most of the Customs commands across the country. Speaking on behalf of his colleagues, President, National Council of Managing Directors of Licensed Customs Agents (NCMDLCA), Lucky Amiwero, alleged that promotion of officers under the Customs boss have been lopsided. On Ali’s three years in office, he said: “Although there have been some improvement in terms of promotion but it is as if the Nigeria Customs Service is just for the northerners. Almost all the Area Commands you go, you see northern officers. “This is not too good for a government agency. There is need to redesign the NSC such that it will not be a northern service whereby northerners are placed in certain positions. Promotion has to be redistributed to comply with the procedure. What is happening in Customs should be redirected so that people can be placed properly.” Amiwero, also scored Ali low on performance after three years, saying that the ex-military officer has failed to carry out much needed reforms in the NCS. He said: “Reforming Customs is not just posting people from one place to the other. I don’t think Customs has been reformed because the tools for reformation are not there; no scanners at the ports, procedures are still archaic, and containers spend more time at the port because of complex alert.

“Customs’ job is about procedure and there are many procedures that are not complied with in terms of convention and agreement. For instance, in Ghana, they have the satellite tracking system and they are also meeting up the challenges of the Single Window. But what do we have here in Nigeria? “The CG is a stranger as far as Customs is concern. He cannot reform Customs because most of the tools are not there and the procedures he does not know.

He is not a seasoned officer. In terms of revenue, are we really having the cargo coming in? What Customs is doing is imposing value and killing the industry because most of the cargoes are leaving the country.” On his part, Director General, Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf scored the Customs boss low on the ease of doing business and facilitation of trade. According to him, “On the business climate perspective, things have not been easy for

us at all because the focus of Customs is too much on revenue. They are too relegated in the ease of doing business to the background. Particularly on the issue of arbitrary valuation, issues of classification and the problem of Customs operatives intercepting containers on the road. All these make things very difficult for business people. “Trade facilitation is almost not on the agenda of Customs. Main agenda and the key performance indicator for Customs has always been

revenue generation which is why not more attention is being given to ease of doing business and trade facilitation. There is too much focus on revenue generation and it is coming at a great cost to businesses,” he said. The LCCI boss was also of the opinion that reformation of the Service under Ali has not recorded any remarkable progress as envisaged, noting that it would be more easier for an insider who has knowledge of Customs operations to reform it than “an outsider,” like Ali.

COURTESY VISIT

L-R: Exco Member, Nigerian Society of Engineers (NSE), Nnenna Igwegbe; President, Adekunle Mokuolu; Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta; Director, Spectrum at NCC, Austin Nwanulune and Chief of Staff to Danbatta, Usman Malah, during a visit by NSE to NCC in Abuja...recently

NSC, NESREA Force Importer to Repatriate Containers of Toxic Waste Facts have emerged as to how an importer was compelled to repatriate a shipment of toxic waste back to the country of export, Malaysia. The importer, Fenice Metal Limited, had allegedly imported scrap electronic metal through Cosco Shipping Lines in three containers which Nos. were given as BMOU43853145G1,

TULU41510745G1 and DRYU 96998845G1. The National Environmental Standards and Regulations Enforcement Agency (NESREA) had, on discovering the three containers at the ports, drew the attention of the Nigerian Shippers Council (NSC) being the ports economic regulator. Following the report from NESREA, the NSC

summoned the shipping company, Cosco Shipping Line and importer of the offensive products to a meeting where it was agreed that the three containers should be repatriated. During the meeting, the shipping company was directed to find a vessel that will repatriate the containers. The arrangement was,

however, that the shipping company and the importer must inform the NSC and the NESREA to witness the repatriation of the containers which took place Tuesday, August 28 at Tin Can Island Port, Lagos. The shipper had imported the toxic items into the country in the name of electronic devices in a bid to evade

detection. NESREA, it was gathered had carried out its own analysis which described it as toxic waste before reaching a decision to repatriate the goods. An official of the NSC described the toxic items as e-web products, electronic devices which NESREA officials said were dangerous to Nigerian environment.

The NSC had invited other agencies of government to witness the return of the shipment back to Malaysia. Officials of the NSC who witnessed the repatriation exercise said it will serve as a warning to other Nigerian shippers who would want to turn the country into a dumping ground for toxic waste.

Capital Market Editor

Goddy Egene

AgriBusiness/Industry Editor

Jonathan Eze

Customs Sets Up Committee to Investigate Importation of Military Wears

Comms/e-Business Editor

Emma Okonji

Senior Correspondent

Raheem Akingbolu (Advertising) Correspondents

Chinedu Eze (Aviation) Linda Eroke (Labour) Eromosele Abiodun (Maritime) Ejiofor Alike (Energy) James Emejo (Nation’s Capital) Chineme Okafor (Energy) Reporters

Nume Ekeghe (Money Market) Nosa Alekhuogie (Cap Mkt)

The Comptroller General of the Nigeria Customs Service (NCS), Col. Hameed Ali (rtd.) has set up a committee to investigate the illegal importation of military wears including camouflages, boots, Tshirts and other items into the country. The committee is to conduct a thorough investigation with a

view to fishing out all those connected to the importations. The Public Relations Officer of the NCS, Joseph Attah, in a statement, said the inauguration of the committee was held in Abuja. The statement reads in part: “Following seizures of military hard wears by operatives of Nigeria

Customs Service in recent times, the ComptrollerGeneral of Customs, Col. Hameed Ibrahim Ali (rtd) has inaugurated a high powered investigation panel under the Chairmanship of ACG Sanusi Umar to conduct a very thorough investigation with a view to fishing out all those connected to the unholy importations.”

According to the statement, within the last one month, officers and men of the NCS Federal Operations Unit, Zone ‘C’ and Operatives of the Onne Area II Command Port-Harcourt at different times, intercepted a (2X40ft) containers, MRSU 3040288 and MRKU 4909151 found to contain Military Camouflages and

other items on the 27th July 2018 and 16th August 2018 respectively. It added that while the first interception was found to contain 11 bales, each containing 400 pairs of new set of military camouflage uniform totalling 4400 sets; the second interception was found to contain 620 sets of completely

sewn military camouflage uniform and caps, 10,100 pieces of inner military T-Shirts, 512 pairs of military jungle boots contrary to Schedule 4(13) of the ECOWAS Common External Tariff which falls under Absolute Prohibition and Section 46(b) of Customs and Excise Management Act (CEMA).

T H I S D AY • FRIDAY, AUGUST 31, 2018

BUSINESSWORLD

AVIATION

Immigration to Expand Visa-on-Arrival Facility at MMIA Stories by Chinedu Eze The Comptroller General of the Nigeria Immigration Service (NIS) Mr. Mohammed Babandede, has given the approval for the expansion of the Visa-On-Arrival counters of the service at the Murtala Muhammed International Airport (MMIA), Lagos Command. The decision to expand the facility was prompted by the increase of foreigners who require visa-on-arrical and Immigration’s desire to ensure that there would be enough space available for those who come and wait to obtain their visa-on-arrival. THISDAY learnt that at present, the service has two visa-on-arrival counters at D and E Wings of the airport, but reports said the available spaces are not conducive for foreigners who require visas in the country. At present, the visa-on-arrival counters at the two wings of the airport could only accommodate less than 30 travellers each, but would increase significantly with

the planned expansion that is scheduled to commence in the next few weeks. A source close to Immigration in Abuja on Wednesday told THISDAY that with the expansion of the counters, no fewer than 100 foreigners requiring visas on arrival in the country would be attended to from each wings of the airport simultaneously. The source said that apart from creating a more conducive environment for travellers, it would also shore up the image of the country in the international community. The immigration source also attributed the expansion to the ease-of-doing-business policy of the Federal Government, which started in June last year. He explained that Immigration was one of the government agencies that benefitted most from the policy, saying that the command now has more foreigners coming into the country and are issued visas on arrival with ease, unlike in the past when they went through rigours to obtain visas.

“We need to improve on our image and ways of doing things in the country. Since the ease-of-doing-business policy of the Federal Government came onboard about a year ago, immigration has benefitted immensely from the scheme. We now have more travellers either in business or tourism that visit the country. “The expansion of the visaon-arrival counters will further improve our relationship with passengers. at it is, when two flights land simultaneously, the passengers are unnecessarily delayed at the airport, but once it is expanded, passengers would spend less time with us and be more comfortable,” the source said. The airport command about a month ago said that it had issued at least 12, 000 visas to foreigners entering Nigeria through the airport in the past six months. THISDAY learnt that the command issues at least 500 visas weekly to foreigners on arrival through the command while it goes as high as 1,000 visas in some weeks.

Air Peace Takes Delivery of Second B777 One of Nigeria’s major carrier, Air Peace, has taken delivery of its second Boeing B777 aircraft in preparation to start international operations. With two more of the aircraft type expected to arrive soon, Air Peace may start first two international destinations from its base in Lagos. The airline made history as the first Nigerian carrier to acquire and take delivery of a Boeing 777-200 on February 23, 2018. Among the destinations it intends to operate include London, Houston, Dubai, Sharjah, Guangzhou-China, Mumbai and Johannesburg. The new aircraft, a 320-seater Boeing 777-300 named “Ojochide” and marked 5N-BUU, was flown into the Murtala Mohammed International Airport, Lagos by Air Peace Chief Pilot, Capt. Victor Egonu and Senior First Officer Emmanuel Iwhiwhu.

It touched down to a rousing welcome by staff of the airline, aviation workers and water salute staged by men of the Fire Service of the Federal Airports Authority of Nigeria (FAAN). Speaking moments after the aircraft landed, Air Peace Chairman/Chief Executive Officer, Mr. Allen Onyema, assured that the airline was now ready to begin its international operations and fix the challenges of Nigerians, Africans and other travellers on the long-haul routes. Onyema, who was represented by Air Peace Chief Operating Officer, Mrs. Oluwatoyin Olajide, said the carrier’s international operations would boost Nigeria’s economy, create more jobs in the nation’s aviation and allied sectors and offer travellers an exceptional choice. “We are very happy we’ve taken delivery of another of our

Boeing 777 aircraft in preparation for our international operations and we are looking at commencing operations on one of the routes before the last quarter of the year. “We believe that this will enable us create more employment opportunities for Nigerians because that is the reason we exist. We want to help curb the unemployment situation in the country,” Onyema said. The Air Peace boss confirmed that the airline received its first Boeing 777-200 aircraft in February, adding that two more of the aircraft type are being expected before the end of the year to boost the airline’s international operations. Onyema said the federal government had designated Air Peace to operate flights to London, Houston, Dubai, Sharjah, Guangzhou-China, Mumbai and Johannesburg.

Air Freight Demand Down in Africa by 8.3% The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 2.1 per cent in July 2018, compared to the same period the year before. But African carriers saw freight demand contract by 8.3 per cent in July 2018, compared to the same month last year. This was the fourth time in five months that demand contracted. IATA said this was the slowest pace of growth seen since May 2016 and well below the five-year average growth rate of 5.1 per cent. Freight capacity, measured in available freight tonne kilometers (AFTKs), grew by 3.8 per cent year-on-year in July 2018.

This was the fourth time in five months that capacity growth outstripped demand growth. While the temporary grounding of the Nippon Cargo Airlines fleet may have exaggerated a slowdown in growth at the beginning of July, there are three indications that slower growth will continue: The inventory re-stocking cycle, which requires quick delivery to meet customer needs, ended at the beginning of the year. IATA also said there has been a broad-based weakening in manufacturing firms’ export order books. Specifically, export order books in Europe started weakening in February and have fallen in China and Japan in recent months.

Longer supplier delivery times are being reported by manufacturers in Asia and Europe, the top two global trading areas by volume. This typically means that they have less need for the speed afforded by air freight. “July demand for air cargo grew at its slowest pace since 2016. We still expect 4 per cent growth over the course of the year, however the downside risk has increased. The tariff war and increasingly volatile trade talks between the world’s two largest trading nations – China and the US - are rippling across the global economy putting a drag on both business and investor sentiment. Trade wars only produce losers,” said IATA’s Director General and CEO, Alexandre de Juniac.

AIR WATCH

Reviewing Regulation on Accident Investigation

L-R: Former Commissioner, Banjul Accord Group Accident Investigation Agency, (BAGAIA), Mr. Caj Frostell; Commissioner/CEO, Accident Investigation Bureau, (AIB), Akin Olateru and Chief Air Safety Investigator, Safety Investigation Authority, Finland, Mr. Ismo Aaltonen, a media brieﬁng on AIB’s operations review held in Lagos…recently

One of the major challenges the Nigerian aviation industry had before now is the long time it takes to investigate an accident. For example, it took over a decade to investigate the Bellview Airlines Flight 210 crash that happened at Lisa Village, Ogun state on October 22, 2005 and even when the result was released, it was mired in controversy. The result of the accident investigation ended in accusation and counter accusation. But today, things have changed. The Accident Investigation Bureau (AIB) which was established in 2007 has repositioned itself since the last two years to investigate accidents and incidents and publish the results shortly after. The objective of accident investigations is largely to find out causes of accident and ways to possibly prevent such from happening in future. So, after investigation the Bureau issues safety recommendations, which must be implemented to avert similar accident from happening in future. Since it was established in 2007, AIB had made about 147 safety recommendations and in 2017 alone, it made 66 recommendations. In the same vein, the agency has also completed the investigation of almost the accidents and incident in its records in the last two years. Last week the Bureau announced that it would carry out a review of its existing regulations, which seek to accommodate latest changes in the global aviation industry and to conform its activities with European standards in order to continue to retain its position as the leader on the continent. In order to achieve, the agency held a peer review exercise in which experts were invited from Africa and Europe to look at what it has been doing so far and how it would improve in tandem with the International Civil Aviation Organisation (ICAO) standards. Commissioner and Chief Executive Officer of AIB, Akin Olateru said the peer review exercise was carried out with European consultants with the objective to review its existing regulations to concerned stakeholders in the sector. Olateru said the exercise would take place before the end of the year, noting that some of the existing regulations of AIB had since become outdated and needed changes, which he said could

not be accommodated with the current regulations in use. He observed that recently ICAO reviewed its Annex 18 to accommodate new developments in the industry, stressing that in order to remain relevant, an organisation like AIB would need to consistently look at its regulations. Olateru, said that some of the core mandates of AIB were to investigate accident, recommend safety to prevent future occurrence and make aviation safer for business and air travellers, stressing that the planned review was part of such processes. “AIB came to bear in 2007 via the Civil Aviation Act 2006; our regulation was designed to guide how you do things. That regulation is outdated, it has to be reviewed. Regulation basically is to guide the stakeholders and to let everybody know this is how reporting system is done. “If you look at Annex 18, it has just been reviewed by ICAO. We need to bring our regulations to speed to capture those new areas because you have to constantly review how you do things for you to stay relevant, if not, you will become outdated,” he said. On the peer reviewed carried out by two consultants on behalf of the bureau; Commissioner of Banjul Accord Group Accident Investigation Agency (BAGAIA, Mr. Caj Frostell, Chief Air Safety Investigator, Safety Investigation Authority, Finland, Mr. Ismo Aaltonen and Olateru, said this was necessary in order to plug the existing gaps in the system. Olateru explained that the peer review exercise included equipment, infrastructure, technical personnel, system, processes and procedures, regulations and the entire organisation while also benchmarking it with European standards. The Commissioner said that the duo checked the entire AIB’s books to determine its conformity with best standards, adding that the Bureau would continue to invest in infrastructure and human capital in order to remain relevant in the industry. Also commenting on the exercise, Frostell, said that AIB’s equipment and technical personnel could compete with the best in the world. He specifically mentioned that the Bureau’s flight safety in Abuja was stateof-the-art, which would further make the agency to retain its number one position in the sub-region.

T H I S D AY • FRIDAY, AUGUST 31, 2018

BUSINESSWORLD

AVIATION

How to Identify Fake Travel Agents The Nigerian Civil Aviation Authority recently warned travellers against patronising unregistered travel agencies. Chinedu Eze writes that while efforts are being made to reduce the number of fake agents in the system, the major challenge is how to identify them. During the last World Cup in Russia, about 230 Nigerians were defrauded by travel agents. While they were given tickets that enabled them to travel to watch the world cup, the return leg of the trip was cancelled why they were still in Russia. So, after the tournament, they became stranded until the federal government intervened and chartered Ethiopia Airlines flight to bring them back. Industry operators said this incident came to the fore because many people were involved, and it happened to Nigerian fans that went to watch the world cup, stressing that such unfortunate incident happens every day to Nigerians that are usually told at the check-in counter that they cannot travel because they have fake tickets. “Just imagine going to the airport with your luggage to travel and after saying goodbye to your relatives who wished you safe trip, they see you later with your luggage back home. The intending traveller had been defrauded by fake travel agency. We at the airport witness it every day,” said an official of passenger handling firm at the Lagos airport. Caution Last Sunday, the Nigerian Civil Aviation Authority (NCAA) advised all intending travellers to stop patronising unregistered travel agencies. The authority said this is due to the recent increase in reports of fraudulent ticketing practices by unregistered travel agencies. “The Nigeria Civil Aviation Regulations (Nig.CARs) 2015, Part 18.9.1 (111), prohibits the undertaking of the business of travel agency by any person in Nigeria, without a Certificate of Registration or Licence issued by the Authority, upon fulfillment of certain requirements, including, that an applicant submits evidence of membership of National Association of Nigeria Travel Agents (NANTA). “In addition, Section 30 (4) of the Civil Aviation Act 2006 empowers the Nigerian Civil Aviation Authority to regulate, supervise and monitor the activities of travel agents in Nigeria,” the regulatory authority said. NCAA said in cognizance of the sharp practices by unregistered travel agencies, “the Authority has therefore directed all duly registered travel agencies to display their certificates of registration or licences in all their outlets.” “There are 150 of travel agencies on the register of NCAA. However, there are guidelines for registration with the Authority. The applicant must fulfil both the International Air Transport Association (IATA) and NCAA requirements to be registered. The Nigerian Civil Aviation Authority (NCAA) therefore reiterated that prospective passengers should do business only with travel agencies registered with the Regulatory Authority,” the agency said. Fraudulent Activities THISDAY spoke with the President of NANTA, Bankole Bernard who explained why NCAA issued the warning to illegal travel agencies and said that the regulatory authority and NANTA are working hand in hand to rid the downstream sector of the air travel industry fraudsters that masquerade as travel agencies. “NCAA is to regulate the activities of travel agencies in Nigeria. It is under their 2006 Civil Aviation Act. But that aspect has not been managed very well by NCAA because the authority is saddled with other responsibilities that affect both foreign and domestic airlines. “They have not really focused on us in the downstream of the aviation sector and that is why we came up with Nigeria Travel Practitioners Identification Card (NTPIC) so that we will be able to know who the genuine travel agencies are. “We brought the idea to NCAA and they accepted it and we decided to work on it together. That made NCAA to realise that we need to give NANTA a lot of support. What reinforced this need was the incident in Russia during the World Cup when some Nigerian fans became

stranded because of issues concerning their return ticket,” Bernard said. He said that when that incident in Russia happened the government wanted to know the travel agencies that cancelled the second leg of the tickets of the Nigeria fans, forcing them to become stranded in Russia, but government was unable to identify the agencies because none of them was registered with NANTA. “They (NCAA) couldn’t figure out the travel agencies that were responsible so they now have to come back to NANTA and said, if you are a travel agency and you are not registered with the association that we recognise, which is NANTA; you will be identified as illegal travel agency and we will move and clamp you down. “That was why NCAA issues that release. So, what we, as pressure group, will do is to mount sensitisation campaign and inform everybody so that if you don’t comply we will clamp you down. So, all those travel agencies will either have to close shop or come and register with NANTA so that they can operate legally. “This is important in case if anything goes wrong we know who to hold. So that was what led to the statement issued by NCAA. This is a good development to the industry and the country at large,” Bernard also said. Challenge Industry observers are of the view that although the ID card option would be effective in checkmating the nefarious activities of the illegal travel agencies but some may outsmart it because many travellers who may want to buy flight tickets from different parts of the country may not be abreast of the new regulatory conditions. They posited that in areas outside Lagos, Abuja, Port Harcourt and Kano, many people strut around as travel agents and intending traveller may be beguiled into parting with his money if one or more people come around to say they bought their tickets from that agent. The Executive Director, Zenith Travels, Olu Ohunayo, urged NANTA to publish names of all registered members in the national dailies and a hotline created so that the public can call and cross-check whether the agent is genuine or not. “NANTA should publish names of all registered NANTA members in the national

dailies. A hotline can also be created where the public can call to check and confirm whether the agent is genuine or not. “They will also be able to check online. Like all other professions, quacks cannot be fully eliminated but can be reduced to the nearest minimum. Once the public are sensitised they will be more cautious and there will be fewer victims,” Ohunayo said. Information Technology He also noted that modern technology has made it easy for people to parade around as travels agents because with your computer you can stay in your bedroom and work as an agent. Ohunayo also noted that unregistered agents usually go through the registered ones when dealing with major international airlines. “With the advent of online sales every IT savvy person has become an agent which is an area NANTA needs to look into. “Also, often time the unregistered agents usually go through a registered agent when dealing with major international airlines whereby commission are spilt while the registered agency shore up its sales to that airline; which is more important to them than the risk of having an unregistered as go between,” he said. Ohunayo observed that a good number of unlicenced agents don’t have offices. “The situation is very worrisome because they solicit for passengers even at the premises of the airlines with active connivance of airline staff. Go to international terminal of the Lagos airport, they are there. “On a final note, integrity is key. A person that is dubious will always be dubious whether licenced or not,” he added. Integrity and Goodwill In an earlier interview with THISDAY, Bernard had observed that the downstream sector of the aviation industry “is so porous and there is no entry or exit barrier. So, it has become an all comers’ affair even for fraudsters.” “We realised that some are even using travel agency to cover up for human trafficking and defrauding intending passengers, bastardising our names at the embassies because there is no record of the real practitioners. Till date, we are having incidences of fraudsters defrauding intending passengers to the tune of millions

of naira. “We went to the Presidency to solicit support for the new ID card initiative, and we were made to understand that even the office of Presidency was defrauded by a travel agent and they later caught the fellow in Benin,” he said. Bernard said that NANTA has been moved a notch ahead as pressure group to fight policies and actions inimical to the interest of the downstream sector of the aviation industry. He said this hard work would come to nothing if interlopers are allowed to erode the integrity that defines the multibillion naira sub-sector where trust and credibility are key to business. “We have looked at the whole matter, telling ourselves that the great work we have done in making NANTA a pressure group, by ensuring that some of the policies of government are favourable to the industry, will be defeated when some of the members within the industry are not being checked. It is based on this that we have introduced an industry Identification Card,” he said. Sensitisation On the plan to sensitise the public, Bernard said NANTA has a plan which it has kicked off in partnership with the media to create awareness to travellers. “We have a master plan that we have started rolling out. We have already engaged the media in this direction to fill them in on what the plans are. After that, we are going into full scale publicity that will be on national radio, televisions and social media platforms for us to create awareness. “The NCAA, Federal Airports Authority of Nigeria (FAAN), Nigerian Police, the Economic and Financial Crimes Commission (EFCC) are all carried along and the general public too, so that they can all know what to look out for. “With the introduction of the ID card no intending passenger should buy ticket without first demanding for the ID card of the travel agent to verify that he or she is genuine. The ID card has a barcode that is connected to the holder’s Bank Verification Number (BVN). “That way, passengers can tell whether the agent is genuine or not. Once you scan the barcode on your mobile device, you will immediately receive a message that is in line with the card that you are holding. So, it is a bit difficult to duplicate,” the NANTA President explained.

T H I S D AY • FRIDAY, AUGUST 31, 2018

BUSINESSWORLD

AVIATION

Olateru: We are Reviewing Our Processes for Effective Accident Investigation The Commissioner and Chief Executive Officer of Accident Investigation Review, Akin Olateru, in this interview believes that to effectively carry out accident investigation when a crash or major incident happens, the agency must meet certain parameters in tandem with international standards. Chinedu Eze brings the excerpts: The Accident Investigation Bureau (AIB) just carried out peer review of its activities, what prompted this move? The essence of the peer review we carried out with our consultants from Europe was to look at our equipment, infrastructure, technical personnel, system, processes and procedures, regulations and the entire organisation and benchmarked it with the European standards. That was why we have the two gentlemen, Mr. Caj Frostell, the former Commissioner of Banjul Accord Group Accident Investigation Agency (BAGAIA) and Mr. Ismo Aaltonen, Chief Air Safety Investigator, Safety Investigation Authority, Finland here who were with us for the last one week. They checked our books and see how we do things, what we have on ground and they guided us on how to make it better and world class. If you look at accident investigation in West and Central Africa, Nigeria is a leader and to lead, you must have 20:2020 vision, strong view, right mindset and the energy to lead and in order to achieving that, it must be all encompassing. So, this is one off programme in ensuring we are the leader in Africa when it comes to accident investigation on the continent. Regularly, the International Civil Aviation Organisation (ICAO) comes in here to do an audit, but this we just have is not an audit, but a peer review to see where we are and see how we can make things better in accordance with European standards. Having gone through this, in what area do you think the bureau still requires more investments to be at par with its counterparts in Europe? First of all, in the past, accident investigation’s reports had been delayed in this country. We had accidents that were investigated for several years. It should not be. If you look very well, since I came in last year, we try to keep to that one-year rule. It is rare in a normal setting for accident investigation to take more than a year. So, that speed through effective planning is part of the highlights we flipped back from this visit. Investments come in different forms and to make any company work effectively, you need to make investment in infrastructure, equipment, human capital, which comes through hiring the right people, training and retraining these calibre of people you have employed and then, you need to constantly look at reviewing your procedures and processes to match the latest things going on in the world and this

same goal, which is to make a difference.

Olateru

is same reason AIB has called for the review of our regulations, which has been circulated to all the stakeholders. Before the end of the year, we will be calling for a stakeholders’ meeting to have an interactive session to review regulation together and that comes into effect. Investment is an ongoing process, there is no limit. As long as an organisation is ongoing, as long as you want to keep on turning out first class products, you must constantly review in terms of investments. How soon do we expect the effect of this peer review exercise to begin to reflect in AIB’s activities? I think the answer to that is to say that it started since last Thursday. We worked through the public holidays for the exercise to be done. The last two days (Wednesday and Thursday) have been on training on how to make it bet ter. The implementation will start from next week (this week) after they have gone. There are few things we will start roll out for the world to see and that is part of the outcome of this exercise. At the end of the day, we are all working towards the

Why is AIB reviewing its regulations again barely few years after doing so? AIB came to bear in 2007, via the Civil Aviation Act 2006; our regulation was designed to guide how you do things. That regulation is outdated, it has to be reviewed. Regulation basically is to guide the stakeholders and to let everybody know this is how reporting system is done. If you look at annex 18, it has just been reviewed by ICAO. We need to bring our regulations to speed to capture those new areas because you have to constantly review how you do things for you to stay relevant, if not, you will become outdated. It is easier to review regulations than to review the Act. Act is forever. More so, the need to review our regulations was part of ICAO findings the last time it audited us. ICAO observed that there were lots of gaps in the current regulations, which had called for this review. As a responsible organisation, you have to constantly put your regulations, processes, systems and Standard Operating Procedure (SOP) to test to make sure there is still life and they are still going to work in accordance to your objectives. And, if you find any gaps, you need to review and make it alive. Our core mandate is to investigate accident, recommend safety to prevent future occurrence; above all, it is just all about how to make aviation a safer business and to make sure we give the flying public a sense of safety element. So, what we are doing today is to promote aviation safety generally and ensuring that we get it right the first time and all the time. Just recently, a committee to look into the implementation of safety recommendations released by the bureau was set up with a time limit given to the committee, what was the outcome of this committee? The whole essence of that exercise was to measure the level of compliance and effectiveness of those safety recommendations. We have issued 147 safety recommendations since the birth of AIB in 2007 to June 2018 and out of that 70 per cent have been fully implemented, 15 per cent has been partially implemented; the rest, we have set up a committee between AIB and the Nigerian Civil Aviation Authority (NCAA) to work out the modalities on how they would be implemented. That is the fallout of that committee. It was a very productive one and the minister was very impressed because it gave

The problem we are having with some of these safety recommendations are with the government agencies outside aviation industry. For instance, to get the Nigeria Police Force to conform, you need to get the Inspector General of Police to comply

out overview of how AIB has contributed to the safety of air transport in Nigeria. For your information, a copy of that report was circulated at the Federal Executive Council (FEC) meeting,, which goes a long way to show how Sen. Hadi Sirika, Minister of State for Aviation takes aviation business. The reason for that is not for us to show off, but for us to let the world know about our performance. The problem we are having with some of these safety recommendations are with the government agencies outside aviation industry. For instance, to get the Nigeria Police Force to conform, you need to get the Inspector General of Police to comply. For us to progress, we needed to sign Memorandum of Understandings (MoUs) with the Nigeria Air Force, the Nigeria Navy, Federal Road Safety Corps (FRSC) and several other government agencies, but the responses have been very slow. We need to let them know the importance of signing an MoU. We are all being funded by the Federal Government in the interest of the Nigerian public for the benefit of Nigeria and Nigerians as a whole.

Global NGOs Seal Deal on Drought Insurance Policy A global network of non governmental organisations (NGOs) has signed a ‘game-changing’ insurance policy, intended to pay out if a drought hits Senegal, enabling aid agencies to offer live-saving help before a famine threatens to take people’s lives. The Start Network took this bold step because it believes that pre-emptive disaster financing could revolutionise the aid sector and catalyse a new way of preparing for crises. This new financial product will disburse funds early, based on pre-agreed ‘parametric’ triggers, unlike the

current model, in which aid agencies are reliant on funding agreed after a crisis has taken place. Run in a partnership with the Government of Senegal, the African Risk Capacity (ARC) and the Start Network, the pilot is funded by the German Federal Ministry for Economic Cooperation and Development (BMZ) through the German Development Bank, Kreditanstalt für Wiederaufbau (KfW). According to a statement, under the arrangement, members of the Start Network would be able to secure funding, based upon a pre-agreed trigger, well before the worst

effects of a drought are felt. This would enable farmers and their families to protect livestock and other valuable assets. In the most severe drought, with the largest payout, Start Network could help more than 200,000 people through cash interventions. Even more people could be helped through nutrition or agricultural projects. The government of Senegal has a pre-existing drought insurance policy from the African Risk Capacity, which is a basis for the complementary policy signed by the Start Network. If a drought occurs, payouts would be made separately to

the Government and to Start Network, with participating NGOs as implementing partners. This would allow the government and Start Network members to immediately launch pre-agreed and coordinated activities to help people to protect their livestock and other assets, well in advance of any international humanitarian aid arriving. “The African Risk Capacity insurance policies are built on parametric insurance mechanisms.Payouts would be made automatically when pre-agreed triggers are met. The triggers in this pilot are based on rainfall data. When

the rainfall levels fall below a certain threshold, the insurance policy will pay-out. “The policy is for the 20182019 agricultural season, and if it pays out, it will do so in November, towards the latter half of the 2018 growing season,” the statement added. Start Labs Manager, Emily Montier, while commenting on the initiative said, “We are delighted to have signed the insurance policy. This is a potential game-changer for the sector. Slow aid funding is one of the biggest structural problems in disaster response efforts, and this costs lives. “ Study after study shows that early action means more

lives saved. That’s exactly what this tool aims to do. We will be working closely with the Government of Senegal and others to ensure swift relief is available to vulnerable people threatened by drought when it occurs.” Also, KfW Project Manager, Veronika Bertram-Hümmer said: “Many developing countries face the risk of natural disasters without being sufficiently prepared. When a disaster strikes, the way how humanitarian organisations respond is predominantly based on ex post disaster risk financing which is not able to quickly reach the poor and vulnerable.

T H I S D AY • FRIDAY, AUGUST 31, 2018

BUSINESSWORLD

MARITIME

NIMASA’s $1bn Floating Dockyard Project Eromosele Abiodun posits that the acquisition of a modular floating dock yard by Nigerian Maritime Administration and Safety is a huge opportunity for ship dry docking, repairs and others which will save the federal government $1 billion in 10 years To ensure seaworthiness of the ships, most ships are required to be dry docked twice every five years. Some ships may have dry docking postponed or the intermediate dry docking waived by performing an underwater Inspection in Lieu of Dry docking (UWILD). Dry docking a ship is a complex task. The ship weighs a lot and the weight must be spread evenly to the dock. While a ship is floating the pressure holding the ship afloat is spread throughout the entire underwater hull. While in dry dock the load is spread among wood blocks. There are also interferences such as transducers and irregularities such as flare at the bow. In order to dry dock the ship the dock master must be aware of the characteristics of the ship’s bottom and its weight distribution. Therefore ships carry a docking plan which specifies where the blocks are to be placed, the angle of the side blocks, and the height of the side blocks. It also lists where transducers, sea chests, tail shafts, and other items are located. With an average of 5,000 ships calling at the Nigerian ports annually, 400 active coastal vessels and several fishing trawlers, the demand for ship repair and maintenance facilities can only be on the rise. Before now, the dry docking of vessels operating in Nigeria was done outside the country with huge implications in terms of foreign exchange costs running into several millions of dollars yearly. As a matter of fact, Nigeria was losing about N16.5 billion ($100 million) annually to neihgbouring countries through the movement of its vessels dry docking to meet the International Maritime Organisations (IMO) requirement. Experts believe there is a huge investment opportunity for ship repair and ship building in the country presently that is not being exploited. THISDAY findings revealed that it cost between N45 million and N75 million ($300,000 and $500,000) to dry dock a vessel and that approximately 200 to 300 vessels go to Ghana, Duala and Robins Bay for dry dock annually. “Each dry dock cost the ship owner between $300 to half a million dollars each trip. If you can dry docks a vessel at $300,000 for dry docking for 25 days and if you have two docks a month that is $600,000 every month. You can imagine having over 3,000 vessels (in Nigeria); they have to go for dry dock. It is a requirement by the IMO standard that a vessel goes for dry dock once every three years, and if you dock 200 to 300 vessels once every year at $300,000 per dock, you can then imagine how much it will come to,” maritime expert Lucky Amiwero said. Saving Cost In a bid to put an end to the huge cost of dry docking outside the country, NIMASA recently acquired a modular floating dockyard. With this facility in place, the agency will save the federal government in excess of $100 million annually and about $1 billion in 10 years. The plan to embark on the project predates the current Director General of NIMASA, Dr Dakuku Peterside. Before his appointment as NIMASA boss, the previous management had already established a business case for a floating dry dock where owners of ship can dry dock their vessels from time to time. In a chat with THISDAY in Lagos last week, Peterside stated that the multimillion dollar floating dockyard owned by NIMASA, will save the country millions of dollars in capital flight once operational noting that efforts are being made to create enabling environment for the growth of indigenous participation in shipping. He said that the facility which would be operated on a Public Private Partnership model will be located at a facility of the Nigerian Navy. The NIMASA boss said that the Floating Dockyard would commence operations immediately after its inauguration by President Muhammadu Buhari. He added that when fully operational, Nigerian Ship owners and their foreign counterparts

Floating Dockyard

would no longer need to take their vessels outside the country for dry docking. According to him, “Nigeria loses up to $100 million annually simply because when our ship owners need to dry dock their vessels, they mostly take them to neighbouring countries like Ghana and Cameroun thus spending avoidable foreign exchange. When this facility is fully operational it has the capacity to dry dock any vessel in country and save the much-needed foreign exchange.” Speaking further Peterside noted that the facility would be operated in conjunction with the builders as technical partners. He also assured that it will create thousands of jobs for teeming Nigerian youths as well as provide training opportunities for seafarers, adding that the NIMASA floating dockyard would also be available as a training facility for the students of the Nigerian Maritime University, Okerenkoko and other maritime institutions in the Country. “We are planning to ensure that the permanent location of this facility would benefit our students for training and we have also engaged the builders to manage the facility for a one-year period at a Naval facility” while further arrangements are being worked out”, he said. The $1 billion, he said, would be a direct saving from the dry docking of vessels operating in Nigeria, which he stated are mostly done outside the country at the moment. The decision to embark on the project, he further explained, was based on the realisation at that time that “85 per cent or 90 per cent of those who own vessels dry-dock their vessels outside the country, “and we felt it encourages capital flight and that it doesn’t support the industry. So, it was at that point that we got into a relationship with a firm in Netherland to build a floating dry dock in the Netherland and in Romania. That project is on; when we joined the NIMASA team, we resolved to continue and follow it to its logical completion.” Decision on Location The DG said that another issue around the floating dry dock was location, adding that the agency had resolved to make the decision on location business related. As expected, the location of the facility is beginning to generate political interest. But Peterside stressed that, “When operational, the dry dock location will be a business decision

and many factors will be considered before we decide where it will be located. Studies are going on right now on where best it will be located.” This was just as he emphasised that, “it is absolutely not true that we have cancelled that project; that project is on. It is progressing at a satisfactory pace and we believe that it will be completed this year.” Stakeholders in the marine transport sector are optimistic that the floating dockyard would open new windows of opportunity in the maritime industry in West Africa. Cost Insurance and Freight In addition to the dry dock project, Peterside has introduced other innovative policies that are intended to enhance the viability of the agency. One of these is the Cost Insurance and Freight (CIF) to enable Nigerians lift the country’s crude oil According to him, “One major factor that edges Nigerians out in the ‘affreightment’ of Nigerian cargo, especially crude oil lifting, is the prevalent Free On Board (FOB) trade term especially in a situation where Nigeria as a nation and Nigerian businessmen have very minimal control in the distribution of its crude oil with respect to carriage, insurance and other ancillary services. Under a CIF arrangement, NIMASA is planning to effect a far-reaching change in favour of indigenous operators. To this extent, therefore, NIMASA is joining forces with well-meaning Nigerians to move for the change of trade term from Free on Board (FOB) to CIF to reasonably involve our indigenous operators in Nigerian cargo affreightment. “The advantages of this policy, when implemented, is that it will not only give distribution control of the country’s hydrocarbon resources to Nigerians, but also enable the agency to empower Nigerians through cargo lifting and meaningful participation in the entire value chain of export goods. CIF as a policy thrust will enable Nigerians participate in cargo lifting, cargo insurance, create job for our teeming cadets and other ancillary economic and security derivatives,” he said. Peterside added: “The plans are on top gear to reach out to relevant agencies of government and very soon, we shall do an executive memorandum to the Federal Executive Council (FEC) for consideration and approval.” Already the agency has designed and embarked on a programme that will empower indigenous ship owners.

Elaborating on this policy, Peterside said: “Conscious of our mandate to promote the development of indigenous commercial shipping in international and coastal shipping trade, we are poised, more than ever, to achieving this obligation. We understand it requires a great deal of capacity building, especially human, infrastructural and tonnage capacities of our indigenous shipping operators. “We have reviewed the participation of Nigerians in the industry and are not satisfied with the outcome. The summary of our findings reveals a very low indigenous participation in international commercial shipping trade in Nigeria. As far-fetched as it sounds, there are no Nigerian Flagged Ocean-going vessels known to us. “In the course of our review also, we observed the salience of cargo availability to the commercial fortunes of a ship owner/operator and to our national tonnage growth. We noted also that commercial shipping will less likely develop without conscious, proactive, well -structured and monitored government intervention as is done in other sectors,” he stated. Cargo Availability The NIMASA chief executive added that one area of such intervention is cargo availability. Developed maritime nations, he said, have at one time or the other consciously supported, and are still supporting their indigenous operators in building their commercial shipping capacities. “Recently, a bipartisan bill was brought before the United States Congress aimed at strengthening indigenous participation in shipping. The bill seeks to allow US flagged vessels carry up to 30 per cent of the U.S LNG as a matter of both economic importance and security concerns. On our part, plans are in top gear to use our existing enabling laws to make public cargo available for indigenous shipping operators in order to improve their commercial fortunes and competitive advantage over their well-capitalised and established foreign counterparts. We are out to enforce Sections 36 and 37 of the NIMASA Act 2007 towards building indigenous capacities in shipping. “This is already at executive management level and we are determined to take it to the highest level of bureaucratic, legislative and executive engagements necessary. We shall also involve our esteemed stakeholders at the right time because we understand they have roles to play in the entire process,” Peterside said.

T H I S D AY • FRIDAY, AUGUST 31, 2018

BUSINESSWORLD FXTM Expands Operations, Open New Centre in Port Harcourt Oluchi Chibuzor FXTM is strengthening its status as one of the leading forex educators with the announcement of a new training centre in Port Harcourt, which acts as an FXTMPartners office. FXTM host a myriad of popular educational events in Nigeria, as well as across the world, and with this new centre, the broker will provide a welcoming hub for traders to enjoy more world-class seminars and workshops. Since the company’s foundation, FXTM has been committed to providing its clients with superior education. Built on the firm belief that a successful trader is an educated trader, the brand ensures its traders stand out from the crowd by giving them access to industry-leading educational resources and events. Training centers, alongside carefully cultivated educational events, provide a space for traders to advance their techniques and compare strategies with other like-minded investors. According to a statement, across Nigeria, traders have attended workshops and seminars hosted by first-class FX experts, including FXTM’s Head of Education in Nigeria, Conrad Okongwu. As an example, the E-Trading and Investment Summit makes frequent visits to Lagos, Abuja and Port Harcourt. The Summit consists of a seminar, where attendees learn the basics of trading, and a three-day workshop, where participants discover the fundamentals of more complex topics. “These events have been immensely popular and received turnouts which surpassed expectations. FXTM hope the Port Harcourt Training Centre will enable more traders from

southern regions of Nigeria to attend these interactive events. “The training centre in Port Harcourt will join the growing number of FXTM Partners sponsored training centres across Nigeria and the world. The international broker, through the FXTM Partners office, is proud to extend its reach to PortHarcourt as it continues to give more traders access to free, field-leading education,” the statement added. FXTM’s General Manager for Nigeria, Abiola Akinyele said: “Training centres are hugely beneficial for traders and affiliates alike. They provide a hub of support for those looking to expand their knowledge and those looking to improve that all-important trading strategy. “We feel this addition will greatly benefit the forex trading community in Port Harcourt and its neighbouring regions.” Also, CCO of FXTM, Lex Webster said: “The training centre will provide a place for traders in Port Harcourt and nearby southern regions of Nigeria to learn, network and share knowledge with one another. We are delighted to announce this new venture as we strive to bring education to traders in the Africa region, as well as across the world.” The firm stated that the opening of a new training centre adds to the many successes FXTM has enjoyed in 2018 alone. “At the beginning of the year, it was awarded the coveted FCA licence, allowing it to cast its net to key economic regions further afield. Its global expansion was also recently recognized in the 2018 World Finance Awards, where FXTM earned the title of Best FX Broker in Asia and the award for Best Trading Conditions.

LCCI, OBG Seal Deal The Oxford Business Group (OBG) is celebrating 10 years of covering the Nigerian economy in 2018 and is partnering once again with the Nigerian Investment Promotion Commission and the Nigerian Economic Summit Group, and this year, for the first time with the Lagos Chamber of Commerce and Industry (LCCI). The LCCI has signed a memorandum of understanding (MoU) with OBG for its forthcoming publication. Under the MoU, the chamber will contribute to the research for The Report: Nigeria 2018. This partnership is expected to help OBG analyse the sustainability of the Nigeria’s economic recovery and assess the results of economic diversification efforts so far. The Report will also include a strong focus on some of the emerging sectors, such as recent developments in ICT, as well as analyse the factors that are holding back growth in certain sectors, such as mining and manufacturing. The Report will also shine a spotlight on developments affecting the broad-based economic development of the country, covering a number of sectoral groups, including those

that the LCCI represents, such as agriculture, construction, education and financial services. Similarly, OBG’s publication will consider the challenges facing Nigeria’s investment opportunities, especially as the country emerges from a recession and heads into a protracted election period. The President of the LCCI, Babatunde Paul Ruwase, said he was excited to be teaming up with the OBG and contributing to its forthcoming report on the country’s investment opportunities. “Nigeria has made considerable progress with regard to economic diversification; however, greater information is needed if we are to tackle challenges with manufacturing, as well as transport and logistics,” he said. “Oxford Business Group has played a major role in addressing this issue by filling key information gaps, providing its readers with comprehensive coverage on a broad range of issues – from regulatory changes to macroeconomic developments. I look forward to working with them on their publication, which I know will be a valuable resource for our members.”

NEWS

Group to Hold Oil and Gas Exhibition Mary Nnah Critical stakeholders in the oil, gas and power sectors in Africa are set to meet between October 1 - 3 2018, in Cape Town, South Africa at an Oil and Gas Exhibition being put together by the Future Energy Africa. The conference tagged Africa’s Integrated Oil, Gas and Energy Transformation, is dedicated to advancing future oil, gas and energy solutions for the continent. With a far-reaching industry collaboration, under the esteemed patronage of the Department of Energy South Africa, the event is set to attract

leading governments, national oil companies, international oil companies and industry experts to provide in-depth analysis and an honest reflection of Africa’s set to revolutionise the future. Addressing a media briefing in Lagos recently, one of the media partners and a speaker at the exhibition, Margaret Nongo-Okojokwu, who is the editor of Orient Energy Review, said the exhibition would bring together African leaders and stakeholders in the energy sector with the intention of providing cut edge solution to the problems confronting the power and energy sector in Africa.

According to her, over 50 exhibitors, 100 critical speakers, including Nigeria’s Minister of State for Petroleum, Dr. Ibe Kwachikwu and 50 participating countries from Africa would be at the exhibition with a view to boosting bilateral trades among African countries. She said the conference would also provide exhibitors and conference participants with an indispensable source of information, a dedicated platform for an on-site interview. In his own submission, the Managing Director of Danvic Petroleum International, Mr. Mayowa Afe, said the exhibition would provide

Nigerian energy companies the opportunity of promoting their companies to the outside world as well as the Nigerian local content drive. Key strategic speakers at the conference, it was gathered would include: Minister of Energy, Department of Energy, Republic of South Africa, Jeff Radebe; Ernest Rubondo, Executive Director, Petroleum Authority of Uganda; Telma Ingles, Executive Manager, Angola LNG Limited; Paul Eardley-Taylor, Head of Oil & Gas Southern Africa, Standard Bank and Lindiwe Mekwe, Acting CEO & General Manager, Petroleum Agency SA among others.

BRAND AMBASSADOR

L-R: Keystone Bank Brand Ambassador, Mrs. Funke Akindele Bello; GMD/CEO, Keystone Bank Limited, Dr. Obeahon Ohiwerei and General Counsel, Keystone Bank Limited, Dr. Michael Agamah, during the contract signing of Bello as the bank’s brand ambassador in Lagos...recently

Mauritius Becomes the 30th Glo Offers 85% Discount on International Calls Shareholder of Africa50 Africa50, the pan-African investment platform has announced that the Republic of Mauritius is now its 30th shareholder. Dharam Dev Manraj Gosh, Mauritius Minister of Finance and Economic Development, signed the Share Subscription Agreement on behalf of the Government, committing Mauritius to take the necessary steps for ratification of the agreement, as required under the Articles of Association of Africa50. “Mauritius is a leader in infrastructure development and one of the most investorfriendly countries in Africa. I look forward to a very fruitful collaboration. Africa50 now has four SADC member states as shareholders and looks forward to welcoming all other African countries to our platform as we collectively contribute to accelerating infrastructure delivery on the African continent,” said Africa50 CEO, Alain Ebobissé. Mauritius’ subscription followed that of Rwanda, which joined on July 19 during the

general shareholders Meeting in Nairobi. This marked a new milestone, with half of the continent’s 54 countries having become shareholders of Africa50. They include: Benin, Burkina Faso, Cameroon, Congo, Côte d’Ivoire, Democratic Republic of Congo, Djibouti, Egypt, Gabon, Gambia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Niger, Nigeria, Rwanda, Senegal, Sierra Leone, Sudan, Togo, and Tunisia. Additional shareholders are the African Development Bank, the Central Bank of West African States (BCEAO), and the Bank Al-Maghrib (BAM). Total committed capital has risen to over US$850 million. Africa50 is an infrastructure investment platform that contributes to Africa’s growth by developing and investing in bankable projects, catalysing public sector capital, and mobilising private sector funding, with differentiated financial returns and impact.

Emma Okonji National telecoms operator, Globacom, has moved to reduce cost of international calls for subscribers on its network with the launch of Glo Slasher. The unique offer, the company said, would enable Glo subscribers to make calls to over 200 destinations at amazing discounts, irrespective of whether they are on the prepaid or post-paid platform. Globacom said in a statement that with a monthly subscription of just N200, the subscriber can enjoy up to 85 per cent discount on his or her favourite international destinations. It explained that the discount varies from five per cent to 85 per cent depending on which of the over 200 international destinations the call is made to. For instance, while calls to China, India, US and UK (fixed lines) attract 40 per cent discount, calls to Dominica, Italy, Japan and Spain are charged at 85 per cent, 60 per cent, 50 per cent and 55 per cent discounts respectively. Other high traffic countries covered by the offer include

Belgium, Australia, Brazil, Benin Republic, Cameroon, Denmark, France, Germany, Ghana, Hong Kong, India and Israel. Others are Kenya, Kuwait, Netherlands, Poland, Portugal, Romania, Russia, Saudi Arabia, Seychelles, Sierra Leone and Singapore. Angola, Australia, Argentina, South Africa, South Korea, Switzerland and United Arab Emirates, are also some of the destinations covered in the tariff slash. On how to subscribe to Glo Slasher, the company explained that the customer is required to dial *777# select ‘int’l call offers’ and select ‘IDD call Slasher Menu’. It also explained that the subscriber needs to keep sufficient main account balance to make international calls at the discounted rates. Once a customer has subscribed to Glo Slasher, the subscription will be renewed automatically every month to ensure uninterrupted discount. He or she can, however, opt out of the platform by just dialing *777# selecting ‘int’l call offers’ and selecting ‘IDD call Slasher Menu.

T H I S D AY • FRIDAY, AUGUST 31, 2018

BUSINESSWORLD

SMALL BUSINESS SOLUTIONS

Investing in Rice Production, Processing Project Uba Godwin With the dwindling price of oil Nigeria should look inwards to develop Agriculture, manufacturing and other real sector-based projects. From research, many Nigerians are willing to go into manufacturing and invest in other agricultural value chain projects, but due to lack of funds, they have their plans and objectives dashed along the line. With the new Central Bank of Nigeria (CBN) loan scheme to assist the start-ups, new ventures and expansion of manufacturing, agricultural value chain related projects and other vital service projects; the sky is the limit for Nigeria investors. The CBN as part of the efforts to unlock the potential of the real sector to engender output growth, value added productivity and job creation had established a N500 billion real sector support facility. The facility will be used to support large enterprises for startups and expansion financing needs of N500 million up to a maximum of N10 billion. There is also Anchor Borrowers’ Scheme. The real sector activities targeted by the facility are manufacturing, agricultural value chain and selected service sub-sectors. The objectives of the scheme is to improve access to finance by Nigerian SMEs to fasttrack the development of the manufacturing, agricultural value chain and services sub-sectors of the Nigerian economy.

Rice farm

Secondly to increase output, generate employment, diversify the revenue base, increase foreign exchange earnings and provide inputs for the industrial sector on a sustainable basis. The Minister of Agriculture recently restated the federal government’s plan to make Nigeria self- sufficient in rice production in the next, four years. He pointed out that “Abakiliki rice” is the best rice in the world as the taste and quality is far better than the one from China.

Apart from “Abakiliki rice”, “Ofada rice” is also one of the best in the world. Apart from Abakiliki rice and Ofada rice, in Nigeria today, some states produce paddy rice in abundance. Some of these states are Enugu, Anambra, Abia, Imo, Kwara, Edo, Ogun, Ondo, Cross River State and some Northern States such as Sokoto etc. Therefore, with serious efforts by both government and private companies and

individuals, the policy is achievable. Rice has become a stable food in Nigeria. Every household both rich and poor consumes a great quantity of rice every day. Of the total projected population figure of 180 million, about 70 per cent feed on rice. From publications made by the Federal Office of Statistics and Federal Ministry of Finance, of the total foreign debts and importation figures of rice amount to about N1 trillion as the end of 2012. Rice importation has the greatest figure of over 60 per cent of total import figures. The federal government therefore have to do something about this. It is not advisable to impose a total ban on importation without first assuming that the country can produce at least 70% of what is needed in this country. It is one of the good things that can happen to this country because the policy will generate more employment opportunities. The federal government within few months ago funded the establishment of about 13Mills with combined capacity of 240,000 across the country. The government is willing and capable to assist prospective investors in the area of production and processing of rice. Some individuals are to be encouraged by the government to ensure that private sector participate in the venture. Rice milling project will best be sited in these areas where rice is grown in order to reduce cost of transportation of the paddy. To set up this project, a large space is required to dry paddy rice after harvesting.

As NPF MFB Identifies CSR as Tool for Development Kehinde Lawal Over the past decade, many high-profile corporations and business or industry associations have responded to civil society and consumer pressures, market opportunities, and new thinking on “good governance” and management by projecting an environmentally - and socially - responsible image. That is why the Nigeria Police Force (NPF) Microfinance Bank Plc in celebrating its 25 years of banking services has incorporated a significant corporate social responsibility (CSR) index to support government initiatives in dealing with the burden of poverty and other socio-economic challenges in the country. The bank has invested over N6.4 billion in CSR initiatives. Recognising the need of persons in various internally displaced persons’ (IDP) camps, the bank visited a couple of IDPs in the country and other homes for the needy as part of its celebration. In line with its avowed CSR commitment, the bank’s management in commemoration of its 25 anniversary visited the IDP camps in Benin City and Maiduguri where materials and other items valued at millions of naira was donated to inmates. Also, the bank put smiles in the faces of inmates and children at the Living Spring Orghanage Victoria Island Lagos. The Chairman of the bank, Azubuko Joel Udah, while speaking recently, recalled with nostalgia how the journey of the organisation started with one man’s dream, 25 years ago. According to him, from a humble beginning which started on 19th August 1993, to date it has been a steady and progressive step in the history of the bank. With a start-up capital of N500,000, staff of less than 10 and a single branch, the bank has metamorphosed into a market leader with 28 branches spread across the six geo-political zones of the country and staff strength of over 500. Udah paid tribute to the founding father of the bankm Alhaji Ibrahim Atta, whose vision and foresight has given employment hope to many Nigerians.

NPF MFB

In his remarks, the Managing Director of the bank, Akin Lawal, also appreciated the vision of the founding father of the bank. Presently, its shareholders’ fund stands at N4.75 billion with a total asset above N16 billion, noting that the bank has been paying dividends consistently to its esteemed shareholders for the last 22 years. “Operationally, I am pleased to inform you that NPF Microfinance Bank Plc is a professionally managed and conservative financial institution providing a wide range of banking products and services to customers in all our outlets. “Some of our services includes various types of current Account, Savings Account, Loans and Advances as well as Financial Advisory Services to members of the Police Community and the general public,” he said. Presently, the bank has a workforce of 600 staff. “Our staff are loyal, dependable, reliable, trustworthy and experienced, they are ready to give their all for the course of the organisation and I believe this is what has contributed to

the success of the bank. “It is good to put on record that the bank has the highest number of Certified Microfinance Bankers as an institution within the Microfinance sector,” Lawal added. “The bank credits its successes on professionalism, integrity, customer-focus, excellence, loyalty and team-work, the guiding principles that has helped the organisation to be focused and single-minded in achieving its objectives over the years. “Similarly, the bank’s pricing is equal to none in the industry, making it possible to compete favorably in the market thereby encouraging good patronage, by business model and learn new skills to make its business more efficient. “The bank is driven by strategic planning usually with a life span of three years, with a robust risk management culture and over the years has been consistent in adopting International Standard Organisation (ISO) risk management process in carrying out its business activities with a view to providing an effective response to the management of inherent risk in the organisation.

“Another feature is the bank’s culture of zero tolerance to fraud as any reported cases of fraud are met with appropriate sanction, as it maintains Efficient Management Information System (MIS) that facilitates effective organizational and individual performance management. “Aggressive marketing, driven by marketfacing organogram and dominant field officers as part of our staff mix has further sustained the banks operations over the year,” the bank chief added. As part of its outreach plans the bank currently have an approval for seven new branches within the next one year, a development that will increase its network to a commendable number of 35 by 2019. The bank is being driven by a strategic plan of 3 years. The current one running out in 2018 is to be replaced with a 2019-2021. According to Lawal, the bank’s focus is to be technologically driven and is currently deploying world class IT solution, so robust in service delivery to enable us embrace electronic banking products such as USSD, mobile banking, agency banking, internet banking, etc, assuring that with the support of shareholders, the board, and the quality of management and staff the bank would continue on the part of diligence, hard work and innovation, as there is a good chance that in the next 25 years to come, the bank would be operating at another phase of banking categorisation in Nigeria. He said that every successive Inspector General of Police (IGP) has contributed immensely to the success story of the bank and the vision to improve the welfare of police officers and men. The bank looks at future with enthusiasm haven lined up plans to cushion effects of hard economy and reducing the excruciating pain of doing business in Nigeria via so many ways. The bank intends to achieve this with the collaboration of the Central Bank of Nigeria and has enlarged number of reputable organisations to help it in the fight against poverty. “The bank is currently collaborating with Development Bank of Nigeria, DBN, involving them in the national MSME clinic tour in search of micro and SME customers and deepening financial inclusion which is symbiotically rewarding.

WEEKLY PULLOUT

WEEKEND

Group Features Editor: Chiemelie Ezeobi... Email chiemelie.ezeobi@thisdaylive.com 07010510430

NEWS| P30

COLLAGE | P36

THISLIFE | P37

FILE

FOR STELLA MOFUNAYA, ITâ€™S A NEW DAWN

28/COVER

31.08.2018

For Stella Mofunaya, It’s a New Dawn Multitalented Nigerian artist, Dr. Stella Awoh Mofunaya, has continuously brought forth creative business ideas. The fashion designer, textile producer, caterer, event planner and lecturer at the fashion department of Yaba College of Technology (YABATECH), recently stumbled upon a mindblowing concept following an academic research she carried out as the first female to be awarded a doctorate from the University of Benin. In this interview with Mary Nnah, Mofunaya talks about her research findings, how she overcame widowhood, and plans for her forthcoming solo exhibition, A New Dawn. Excerpts: You just concluded an astonishing research. Can you tell us how it all started? At a point I went back to the University of Benin for my PhD on Print Making with special focus on fabric. So at the verge of graduating, I was told to do a project that was different from the usual ones. I was challenged by my supervisor, Prof. John Oghene, who told me he wanted an unusual research into art and food. That was quite challenging, and I said what has food got to do with arts? I was stunned. I left a little disappointed because I didn’t even know where to start from. But of course I took it to God in prayers and while sleeping one night I saw ginger and the Holy Spirit took me back to when I was a little girl. My mother had always used ginger, garlic and other local spices for her personal use. Let me digress a little; my mother had me at almost 47 years and died at 91. So, I remembered I used to pound ginger for my mother those days as the last born in the family. Sometimes, she left it overnight or for days. I also remembered that when I poured the liquid out from the ginger then, I used to see some starchy substance settle underneath the bowl. I became inquisitive and did a research on it at home. I dried the white substance and got starch. I was so excited. I then went back to my supervisor and told him I was going to work on ginger starch. But my supervisor said that was not good enough, that I should go into the field and do the research. That took me to the Federal Institute of Industrial Research, Oshodi (FIIRO), a parastatal under the agency of the Federal Ministry of Science and Technology. That was how I began my research on ginger. Interestingly, it was not easy to be accepted as an artist because there, they were also wondering how ginger was lined with art and fashion but to God be the glory, my research turned out to be a huge success. I did the first research on ginger. I started with analysing the moisture content in ginger. I dried it in the oven and I took it to them in UNIBEN and every one was excited, wondering how I arrived at that. There is starch in ginger which most people don’t know and now I have my ginger starch. And while doing this particular research on ginger starch I stumbled on other findings. I discovered that ginger has a substance in it that is anti-inflammation, anti-cancer and can reduce toxics in chemicals. I also stumbled on turmeric and coconut oil. I have been using coconut oil since I was a youth and for 30 years I have been using it consistently on my hair. You can see how healthy my hair looks and so I decided again to do a research on coconut and then on turmeric. You are planning an exhibition soon. Are you going to showcase art items or items from your recent research? The exhibition is titled, 'A New Dawn' and I am going to exhibit items from my recent research alongside other art works of mine. You would see items from my past works made of metal foil, mono print, mixed media and fabrics. Of course I am a designer and so you are expected to see fabrics that I have produced over five years ago. I will also exhibit my research works on Aso Oke. We all know that our Aso Oke is no longer plain, we have embellished our Aso Oke and I am still working on it. I have in all 30 works for the exhibition billed to open on September 6 by 12noon and continues daily by 10am-5pm till September 11 at Didi Museum, Victoria Island, Lagos. It’s been eight years since I had an exhibi-

Mofunaya

tion. I took a break. That was where I had my first solo exhibition called 'Hibernation and Rejuvenation'. It was a few years after I lost my husband, but now I have remarried. Then I had a lot of challenges and I went into hibernation but by His grace, I have rejuvenated. I wrote a book titled, ‘From

The exhibition is titled, A New Dawn, and I am going to exhibit items from my recent research alongside other art works of mine. You would see items from my past works made of metal foil, mono print, mixed media and fabrics. Of course I am a designer and so you are expected to see fabrics that I have produced

Grave to Grace’ barely a year after we lost him. Thereafter, I had another solo exhibition titled ‘Funeral rites of married men’. After that, I had ' Hephzibah and Beulah 1 and 2'. And now, it’s “A New Dawn.” You had your last exhibition eight years ago. Why did it take so long for you to come up with another exhibition? I was busy with my studio works and my PhD research work and so it would have been too stressful to think about organising an exhibition then but now that I am done with my PhD research, I am coming out to say it’s ”A New Dawn”. I remember being a widow for 15 years. It was so challenging. Despite the fact that I am in the academia, I had just a first degree all the while and being a widow with children to carter for, I had to delve into a lot of things to make ends meet without sparing so much time for my academic development but to God be glory, I am at the moment, the very first woman to graduate with a PhD from the University of Benin. In what ways will the research on ginger be helpful to humanity? You discover that a lot of our artists are coming down with illness. About twelve years ago, Professor Bruce Onobrakpeaya drew my attention to the health hazard of the paints that we use and he told me about a friend in the US that ended up sick. Most times, we inhale the chemicals and our skin also absorbs it. So, I am looking at how to save artists and textile designers from the health hazards of the chemicals they use. They all use chemicals, even our mothers that do the local dying at Osogbo, most of them end up with lung problems.

Unfortunately, lots of artists are keeping quiet. Some have done surgeries and they are managing their health, yet they are not telling the truth. Fortunately, I got two of them that opened up to me. One of them has something passed through his spine and can no longer stand for a long time to paint. So, there is a lot of health hazard in painting, ceramics, sculpture and others. If artists add ginger to their lives and studio, it would decrease the toxins that they inhale because they must inhale it. Ginger would therefore go a long way to help them and of course, if people take it for a long while they won’t have inflammation. That is why you see the Chinese and Indians looking rugged because they take lots of gingers and garlics. I am the first Nigerian fine artist to come out with that research on ginger. Another thing that I have done after my ginger is working with turmeric. I have worked on fabrics with turmeric, instead of using the imported dye, I use turmeric. The research took me outside the country. Another thing I discovered is that in South Africa, London, US their gingers are as big as potatoes but it is not as potent as ours. Our ginger here is rugged, more potent that all the Indians and the Chinese come in here to export our ginger. They go back there and refine it and then export it here. Also I grew up using coconut oil and everyone is going for it. Sadly, a lot of people are taking in poison. Most of them use flavouring, they get oils like the olive oils or vegetable oil that we use and add flavouring. So, it is flat, nothing there. I also have my ginger powder with cinnamon. Cinnamon has anti-oxidants and when you take it you won’t have problems with liver. We have cinnamon in Nigeria, yet out people import cinnamon. Another thing I discovered during my research is that anyone taking ginger should avoid taking aspirin or any strong analgesic. If you mix the ginger with your paint, it reduces the toxins in the chemicals. It depends on individuals, the can brew it and drink it like tea with honey. They can use to cook it. You can also inhale the steam. What were some of the memorable moments you had while doing the research and production? When I produced my ginger starch in FIIRO, I was excited and we had to go through a moisture and analysing machine to know the quantity of ginger that would give me five tablespoons of ginger starch. Currently, I have a Nigerian inventor in Canada and we are working together on something. Interestingly, my last daughter is producing soaps, body cream and organic products with my products. What are some of the challenges of being a female artist? As a female artist, once you are married, it becomes tougher to cope. It becomes a very big challenge working in the studio and taking care of your husband and kids. Except you are lucky to be married to a very understanding husband, who is also an artists or loves creativity. What word of encouragement do you have for women generally? My heart goes out to the widows, especially in Nigeria. I would tell them to hold strongly on to God. I was a widow for about 15 years till I got remarried just last year and yet I was able to improve on myself tremendously. It hasn’t been easy but with determination on my part, God has been with me all the while.

29/XTRA

31.08.2018

Gideon Hermosa Excites African Events Experts in Lagos Mary Nnah The world-class event stylist, Gideon Hermosa took top personalities in the African events industry on a creative exploration of the best global events trends and techniques. It was a two-day of mastering the very best techniques in events creation and decor, coupled with high octane networking, fine dining and happiness. The exclusive masterclass which took place at the Civic Centre, Victoria Island, Lagos from the 21 to 22 of August 2018, reeled out Hermosa's winning tips on event styling, floral arrangement, and the secrets to his amazing transformation process. In attendance were celebrated event planners and designers in the industry and some of the participants couldn’t help but express their excitements. CEO of the Luxe Rose Event Rosemary Inegbese said, “I’m so glad I attended and I am definitely looking forward to more events like this. I met some of the most amazing people in my industry these past two days and I feel even more inspired and focused." For CEO of the Event Hive, Elaine Pappoe, who came all the way from Ghana, “It was so worth it. I learnt a lot and made new friends. Gideon was fantastic and very patient with us all.” It was a hands-on for the attendees who were also assigned tasks, which they presented the next day to the class.

Gideon Hermosa addressing participants at the event

“You are never too old to learn new tricks that will set your business apart, especially if it’s with the renowned event designer Gideon Hermosa. These past two days was truly something, we created magic! "I also met amazing people and made new friends but most of all learnt that together we can achieve more”, said CEO of Platinum Signature Luxury event, Margaret Mordi. On the second day of the masterclass, a unique design was unveiled by Gideon Hermosa and Adenike Balogun the CEO of Diamond Ink Events, and the brain behind the master-class, to the excitement of all attendees. “I am very passionate about event styling, building partnerships and bringing people together and I’m so glad that this masterclass was a huge success, this is the first of many more to come, I’m going to push till the event industry in Nigeria becomes above par like the rest of the world”, said Balogun. Hermosa, who is outstandingly only 30-years-old, has racked up an impressive resume in the event styling scene. His success has been attributed to his ability to quickly adapt to any situation and blossom with the challenge that every unique event brings. For him, a different wedding means different people, characters and ideas. As one of the most influential and sought after event stylists across the globe, it is hoped that his visit to Nigeria will spark a lot of interest in the event and wedding planning sector.

Deejay LT Richmann to Debut Afro Electronic Dance Music Nigerian popular Electronic Dance Music (EDM) legend, Tubonye Lawson Richmann better known as Deejay LT Richmann is set to introduce into the Nigerian music scene, Afro Electronic Dance Music (EDM). The EDM, a combination of disc jockey and electronic devices and other musical gadgets brings to the fore a new sound that will set new pace for music lovers across Africa. Richmann, a versatile disc jockey, a sensational producer, with an unusual ability to connect with his numerous fans, music enthusiasts and artist, comes with some aura of freshness that is likened to the new drive in global music and entertainment world. According to his promoters, his technical prowess and natural endowment to create and initiate an ambience of warmth and electrifying feel has suddenly been embraced by several big players and collaborators in the industry.

Serenading the beats and sound in his naturally genius has also brought about an unparalleled detailing in class and style of music. "He has brought in a rare form of Afro-EDM, complementing all genre of afro-sounds. He is here to electrify the sound waves and contours of Afro-Music," a member of his team stressed. Richmann's interest in music started during his time with the military, Nigerian Military School in Zaria. Thereafter, he went to study at the University of Port Harcourt which kindled his professional music production prowess. He is an alumini of the prestigious school of Audio Engineering in Dubai UAE. He was born in Lagos but was raised in different cities such as Kano , Adis-Abba, Port Harcourt, Calabar. His music has been heavily influenced with African rhythm thus giving rise to his unique genre of music called Afro-EDM. The extended playlist which is his forthcoming

project contains 7-songs focus solely on Afro EDM(electronic dance music), with the interest to bring his new genre to Africa. His music style is compared with the likes of major Lazer, Avicii, Calvin Harris and influenced by Bob Marley and Fela kuti. Each song infused with African sounds and EDM gives this extended playlist with electrifying feel sends a message to the audience and a listening chance capable of start a whole new movement and revolutiob in the Nigeria music industry. The songs on the project were produced, mixed and mastered by Richmann and include features such as Sugarboy, Haywire, Epiq, Jenny Soul and remixes involving Wizkid, Tiwa Savage and Davido. Also, Richman was in September, 2017, contracted by Abuja leading records label, Hiltop Entertainment, as a major sound producer for the recording company.

Deejay LT Richmann

Cece Yara Foundation Launches Child Protection Online Directory

Founder, Cece Yara Foundation, Mrs. Bola Tinubu Mary Nnah Recent reports have shown a rise in child sexual abuse with 1 in 4 girls, as well as 1 in 10 boys experiencing before they reach the age of 18. To further provide community information and access to hundreds of child protection services, the Cece Yara Foundation, which has been the light at the end of the tunnel for sexual abuse cases for a

while now, recently launched SafeKids Directory, an online portal which provides information on police stations, state child protection units, medical services, sexual assault referral centres, free legal services and mental health care at a click of a button. Being the first of its kind in Nigeria, the online portal will serve as a vital information hub for individuals or organisations seeking child protection services offered by the police, medical practitioners,

mental health care providers, legal advocates, shelter providers and other credible child focused organisations in the country. Founder Trustee of the Foundation, Mrs. Bola Tinubu, noted that the foundation has been committed to building the most complete and accurate database of Child Protection Service Providers in Nigeria right from day one. This, she said has taken a lot of hard work, and research hours to verify all entries. “This Directory will go a long way to support speedy reporting and response to child sexual abuse and other cases of abuse. This portal will be regularly updated by a team of dedicated data volunteers”, Tinubu noted. On the functionality of the directory, the Foundation’s Research and Data Analyst, Mr. David Adeleke, who also is the brain behind the design and development of the directory, said, “The web directory is user-friendly, and with the understanding that majority of the end-users will be accessing these services from their mobile devices, the directory offers maximum compatibility with mobile devices”. “It is important to know that the impact of child sexual abuse can be profound and last a lifetime. However, easy access to help will drastically reduce the risk factors and promote protective factors that will ensure the well-being of children and families. The directory can be accessed on the Foundations website (www.ceceyara.org) and currently has close to 200 listings of child specific service providers in Lagos state. It is being expanded daily and will eventually serve other states of the federation. Listings can be filtered by Local Government Area, service categories and keywords. Phone can be dialed automatically from the web page, while addresses can also be searched using Google Maps”, he added.. The Cece Yara Foundation is a child-centred non-profit organization established to prevent child sexual abuse and provide access to care, information, protection and emergency intervention for children who are sexually abused or at risk, and their family. It provides the ideal response to children through a 24-hour free child telephone helpline (08008008001). Its child-friendly Child Advocacy Centre based in Lagos, which provides free professional counselling, medical, legal and psycho-social support, as well as referral services as well as conducts prevention programs for adults to raise the awareness of sexual abuse and to educate adults on how to protect children from sexual abuse.

Kizz Daniel's Brother To Launch Online Fashion Store Vanessa Obioha In a few weeks time, Anidugbe Uthman, brother to singer Kizz Daniel and CEO of Omg Fashion house will be launching an online fashion store that will cater to his teeming clients in the music industry and beyond. It is a dream the entrepreneur has been harbouring for a long time. Recalling his

humble beginnings, Uthman revealed that he made his first million at the age of 19 through his fashion business. At the time, he had no physical outlet to market his goods but leveraged on the internet and e-commerce platform to market his products. His efforts paid off eventually. With about two mobile shops in full operation, Uthman thinks this is the right time to launch an online store to fully

position itself as a leading fashion brand. "Our focus is to provide affordable fashion to every Nigerian and also be the leading brand in fashion entrepreneurship. We have built a brand for ourselves and will keep soaring," he said. The fashion brand takes pride in making customised outfits for clients that specifically distinguished them from the crowd and exude their personality in a confident

manner. Some of the celebrities who have been styled by Omg Fashion House include Kizz Daniel, CDQ, Falz the Bahd guy, Reekado Banks and Chidinma. The online fashion store, according to the CEO who is also a graduate of Entrepreneurial Studies from Federal University of Agriculture, Abeokuta, Ogun State, will also display its latest shoe collection.

30/ NEWS

31.08.2018

Zikel Cosmetic Holds Beauty Expo, Empowers Youths with Make-up Skills Mary Nnah Zikel Cosmetic, a proudly Nigerian beauty brand, recently brought together top makeup entrepreneurs, makeup artists and brands influencers at an event in Lagos tagged, “Lagos Beauty Expo”. The event turned out to be an assembly of like minds in the makeup industry where ideas that will move the industry forward were shared while also promoting the Zikel brand. Speaking at the event, the Chief Executive Officer, Zikel Cosmetics, Mr. Kelvin Ezike Chinedu, said the event afforded stakeholders opportunity to share lots of ideas. He was of the view that the beauty industry has been neglected for so long despite the huge potentials in it, noting, “We have been able to learn a lot from some of the famous makeup artists and brand influencers that turned up at the event and we actually agreed on ways to move the makeup industry forward”, he said. The event, which also had the Zikel brand ambassador, actress Halima Abubakar in attendance, was also graced by prominent brand influencers in Nigeria. It also featured the launch of Zikel’s new product, “The Browfidence”, a premium rectangular eye brow pencil and brow brush all in one. The CEO of Zikel Cosmetic who was quick to explain why Halima Abubakar was chosen as the Zikel brand ambassador, said, “We chose Halima because she is beautiful inside out and there are lots of qualities that we appreciate

at Zikel Cosmetics that we saw in Halima. That was actually why we went for her and we are happy for it.” The event also saw Zikel Cosmetics empowering some youths with make-up skills as part of its monthly empowerment and annual scholarship programmes aimed at combating unemployment challenges. Chinedu who has since taken a special interest in empowering youth, explained the reason behind this motive. “I used to be a banker but at appoint management threw us out of job and I had to find a means to make ends meet and I thank God for today. And because of my past experience, I have taken a special interest in empowering the Nigerian youths. So last years, we gave out a scholarship to someone at the tone of #300,000 and this year we would be giving out also a scholarship at the tone of #500,000. The scholarship comprises of tutelage by one of the best makeup artists in Nigeria and free supply of Zikel cosmetics products for one year.” He also made call for distributorship for Zikel products. “You can actually make up to #300,000 per month selling just Zikel products. We have tried to make it in such a way that you earn so much money on each product. When you become our distributor, you sell same prices with us and we also refer customers to you while you make your money. And Zikel is all about affordability, and affordability is the watch word for us”, he added.

Mary Nnah

Zikel Cosmetics' brand ambassador, Halima Abubakar and Chief Executive Oﬃcer, Zikel Cosmetics, Mr. Kelvin Chinedu

20 Students Make Multichoice Talent Factory Academy MultiChoice has released the list of 20 students selected as the first intake of the MultiChoice Talent Factory Academy. The candidates were chosen after a two-month long process of shortlisting candidates from over 3,000 entries from Nigeria and Ghana. This was followed by a rigorous interview and adjudication process by a group of film and television industry experts and MultiChoice regional Academy Director, Femi Odugbemi. The 20 future filmmakers were selected based on their industry-related qualifications and skills, as well as their passion to narrate Africa’s unique stories. Those selected include Idongesit Amba, Allen Onyige, Gilbert Bassey, Precious Iroagalachi, Nanret Paul Kumbet, Akpera Mnena, Umm’salma Saliu, Ugwu Uchenna Eileen and Sonia Nwosu. Others are Moses Akerele, Metong Minwon, Bolaji Adelakun, Joseph Adeniyi, Kemi Tamara Adeyemi, Tochukwu Nwaiwu, Blessing Bulus, all from Nigeria. The Ghanaians that made the cut include Edmund Kobby Asamoah, Henry Konadu Denkyira, Irene

Dumevi Yaamoakoa and Patience Esiawonam Adisenu. They will all represent the West African region at the Nigeria-based MTF Academy from 1 October, during which MultiChoice will sponsor the students’ tuition, accommodation and stipend for the duration of their training in each academy. “As a company that is deeply rooted in Nigeria, we understand that many young, aspiring filmmakers have the capacity to learn and strengthen their skillset to give back to their communities, but may not be financially equipped to do so. "The MultiChoice Talent Factory focuses on making sure that those gems are nurtured, and their talents developed to contribute meaningfully to Africa’s creative industry,” said John Ugbe, Managing Director. The students will be provided with skillsets to develop their talent, connect with industry professionals and tell authentic African stories through a comprehensive curriculum comprising

Airebamen Irene’s ‘Entangled’ Soon in the Cinemas

theoretical knowledge and hands-on experience in cinematography, editing, audio production and storytelling. “From the thousands of applications received, it’s evident that there’s a strong desire to learn from and work with other African creatives. Not only will the MultiChoice Talent Factory be a springboard to a career in the entertainment industry, but it will also create a closely-knit community of African professionals with a willingness to narrate Africa’s stories to the world,” said Odugbemi. During the programme, the students will produce television and film content that will be aired on local M-Net channels across the MultiChoice platform including Africa Magic, Maisha Magic East, Maisha Magic Bongo, Zambezi Magic, M-Net and SuperSport to reach African audiences on the DStv and GOtv platforms. Upon graduation from the academy, the students will leave with the knowledge and skills to contribute professionally to Africa’s film and television industry.

A new movie is set to hit the cinemas soon in a peculiar way as Airebamen Maureen Irene, well known as Bami Gregs within the Nollywood industry, is pulling her weight off on this movie as a producer. She’s making her producing debut 'Entangled' with a bang as she delves into set with a star-studded cast that will make any movie buff go gaga. The movie features a blend of thespians from different categories of the film industry, including Wale Ojo, Lilian Esoro, Beverly Naya, Kenneth Okoli and Frankincense Eche-ben on this one. Veterans like Eucharia Anunobi and Femi Adebayo, are also expected to bring that awesome bite from yesteryears. Directed by Saheed Apanpa, Entangled is a story about a young girl in her early thirties who keeps having her heart broken until she finally meets the perfect man, only to find out he may just be the worst of them all. Entangled is a suspense-packed movie, a very intriguing and emotional journey, which has several genres in one movie. There is comedy, romance, thriller and action all in one movie. Meanwhile, the producer and writer, Gregs is from Esan in Edo State with a very creative mind. She’s a writer, an actor and recently just added another feather to her cap as a producer. She’s been writing since she was 10 but only started writing professionally five years ago. “I couldn’t have asked for a better cast for the movie ‘ Entangled’. I have a blend of the old and new Nollywood. I also have a very popular Yoruba actor on board which I am very excited about. My cast is also a blend of ethnicities", Bami Gregs said.

Discomfort Creative Agency Fetes SMEs, Moguls Mary Nnah Airebamen Irene

Discomfort Creative Agency recently feted entrepreneurs, SME owners, business moguls, NGOs and a number of corporate personalities for its debut ‘Meet and Greet' in Lagos. The gathering also afforded them the opportunity to introduce the agency, as well as create a networking forum for business owners and money holders. CEO of Discomfort, Hertz Fauzan, explained that he has always admired the Nigerian, ‘can-do’ spirit, thus his agency intends to support that spirit with the technical know-how that his agency can provide. Discomfort, according to Fauzan, goes beyond the regular, adding that they take people out of their comfort zone and show them new things. He said, "People want to be stimulated and see new things. Now, when we do this for a business, it means customers go from their comfort zone to our client’s money zone. “We deliver all sorts of marketing assets: from old-school print and direct mail, to brand placement, to SEO and social media marketing. We’ll even redesign your product so that it can make more money. People will recognise your brand so that you get the sales you need to grow your business.” Corroborating, Communications and Strategy Director, Kinsley Iweka further said, “This Africa industry meet is a cocktail event set up to provide a platform for business owners, assembly leaders, creative entrepreneurs, managers and everyone within the ecosystem to interact and connect, explore possibilities and also grow their businesses, and learn new insight from experts in the industry that will help them grow.

Wike, Dickson, Okowa Set for Gbaramatu Voice Award

Kingsley Iweka, Susan Ubochi and Hertz Fauzan, of Discomfort Creative at a meet and greet held recently in Lagos.

"The essence is, in Nigeria, everyone knows that business could very challenging, and you need to build a support base and collaborate with other persons, and events like this helps to foster collaboration." On the name Discomfort Creative, he said, "Discomfort Creative Agency is built around a simple philosophy that your business cannot flourish when you remain in your comfort zone and so, the idea is that we would push you beyond your comfort zone so that you can explore bigger opportunities. " In another dimension, we as your creative agent will not rest until your business finds comfort, so we take the discomfort your business is going through and take the burden off you and place it on our shoulders.

"With an extensive partnership which we leverage on, and a vast team that is not only domiciled here in Nigeria but in UK, US and across Africa and no matter the scale of your project, all we have to do is to plug in with our different partners to meet the need of a particular project." Marketing Director, Susan Ubochi further shared that “Nigeria brand marketing and product placement was what inspired it and we’ve been able to see the difference between how product is being developed in Nigeria and the rest of the world. I think over time, the idea will be better accepted because today’s generation think differently from past years, there is a lot of improvement, innovation and everything is improving.”

Come Tuesday, September 11, 2018, the KFT Place located at the NNPC Housing Complex, off Airport Road, Ekpan, Delta State, would play host to the grand finale of the third anniversary of the Gbaramatu Voice Newspaper. Shortlisted to mount the podium that day to receive award of Niger Delta Governor of the Year 2017 are; Barr. Nyesom Ezebunwo Wike, Hon. Henry Seriake Dickson and Dr. Arthur Ifeanyi Okowa, governors of Rivers, Bayelsa and Delta States, respectively. To kickstart the programme, a lecture entitled, Niger Delta Beyond Oil: Searching for Sustainable Development, will be delivered followed by the award of recognition/induction into the GbaramatuVoice Hall of Fame. Categories of awards for which nominees have been shortlisted include Niger Delta Governor, philanthropist, woman, musician, Showbiz impresario, business personality , cooporate organisation, legislator and sports personality of the year. Chairman of the day would be the former Governor of Delta State, Dr. Emmanuel Eweta Uduaghan. The day would be rounded off with a dinner for awardees and invitees alike.

31/ENTREPRENEUR

31.08.2018

Awojobi: I’ve Always Wanted to be an Entrepreneur Ajibola Awojobi is passionate about new ideas and motivated to create solutions. His desire for innovation is unparalleled. Although he got a job with one of the country’s foremost advertising agencies, he soon quit to venture into a start-up he established and it has since become Nigeria’s fastest growing short- messaging service company, Beta SMS. Awojobi is also into other Information technologybased ventures, spanning software development, web and mobile applications, and digital marketing services. He tells Adedayo Adejobi about his passion for entrepreneurship and experience. Excerpts: What are your projections for bulk SMS in the next five years? SMS is not dying anytime soon, based on statistics 18.7 billion texts are sent worldwide every day, not including app-to-app messaging and the use of SMS has been on an upward trajectory as the number of monthly texts sent increased more than 7,700 per cent over the last decade.

What fired your passion to start Beta SMS? There was a particular day I saw someone sending SMS via the internet and I was shocked. It felt like magic! It sort of became my gospel after that; I started telling everyone that they could SMS via the internet. And it wasn't about the money for me then, it was about the fact that you could push a button on the internet and thousands of people would receive SMS. It was a joy. Now it has grown from that point to the point where for me it's about helping businesses grow.

In a structural and critical analysis, how would you assess the Nigerian IT industry now, and what are your predictions for the future? In Nigeria the Information Technology industry is growing at a very rapid rate as more people become aware of new trends. In the future we should expect the growth to continue. As the industry goes on an upward trajectory, expect BetaSMS to be at the fore of creating new markets and setting trends.

At what point did you discover you were sold on entrepreneurship? I had a day when I graduated, but I realized that the cost of going to the office was more than the pay I was earning. And knowing myself, I knew that if I could sit and dedicate six hours daily to anything that I'm doing, I would be successful at it. I've loved selling things since my teenage years, so it was pretty much a part of me. The first thing I sold was agro-allied products - maize and sorghum etc. Why did you leave the advertising agency to set up your own Information Technology firm? I joined the agency because I’ve always wanted to be an entrepreneur. And I know for any business to survive, you need to know how to communicate effectively with customers through market segmentation, client profiling, creative execution of the campaign and strategy. So, my short stint at the advertising agency gave me the needed exposure, experience and springboard to the full life of a well-rounded entrepreneur. Why should a multinational company migrate to Beta SMS? I’ve have been in this Industry for over nine years and have acquired the experience and technical know- how to be able to handle these Multinational Companies as we have a very impressive track record of success and growth as demonstrated throughout our existence over the years. We offer support that will be hard to find anywhere else in the Industry, We always handle business in a very orderly and professional manner and can always be held accountable. What is your unique competitive advantage? We pay attention to all our subscribers and have at one point or the other spoken to all our clients. Having this level of commitment to customer satisfaction and ease of customer experience is an essential part of our internal culture. Our accessibility and impressive response time to customer requests and complaints are second to none.

2018 is in its second quarter, what trends should we look out for in 2019? The SMS and mobile industry will be disrupted and there'll be a lot of alliances/partnerships across Africa, to make this happen. If you weren’t doing IT, what would you be doing? If I were not into Information Technology, I would be a salesman, content and ideas distillery. Awojobi

What else are your strengths, apart from SMS? We are actively involved in software development. We build web and mobile applications, plus digital marketing services. What are the high and low

I haven’t for once thought of throwing in the towel. It’s exciting being an entrepreneur. The blood rush, the disappointments, the winning days, the losses, and winning small and big accounts. Implementing strategy that works excites me. It’s an unending journey. I’ll always keep selling

points on the job? A particular low point of this job was when a particular client sent SMS on one of the applications we developed, and the application kept sending the SMS over and over making us run into serious debt, I was sweating. A client's smart budget SMS campaign was submitted about 20 times and the cost of one campaign is about N120k, so imagine how much we lost. And then we eventually lost the client because his own customers complained about the repetitive campaign. Asides that experience, every day is high point for me. Every day we get happy customers, good feedback and referrals. Operating in a rather tough business climate like Nigeria can be a herculean task, have you ever thought of throwing in the towel? No. I haven’t for once thought of throwing in the towel. It’s exciting being an entrepreneur. The blood rush, the disappointments, the winning days, the losses, and winning small and big accounts. Implementing strategy that works excites me. It’s an unending journey. I’ll always keep selling.

Do you feel fulfilled and accomplished? Yes, I am incredibly fulfilled, because we see a different angle to SMS. We know what others are doing and we are pushing those boundaries. With the limited resources we have, we keep finding ways to get better. We are not where we were last year and we've grown beyond Nigerian market, conquering the international market. What are the major challenges tech start-ups face in Nigeria? Developers are our major problems, it is pretty tough to find developers who think through the process that a brief or project entails before taking up the project. Another major challenge is lack of vision and the fact that people want to implement ideas that are not tested in the Nigerian market. A lot of start-up founders don't have visions or grounding for what they are building. They have ideas and just start looking for funding immediately without testing if it’s a viable product. What should be the ideal role of government in addressing these challenges? I think we should stop focusing on government. Entrepreneurs and businesses need to solve problems and start influencing policies that'll pave new ways. The society needs entrepreneurs.

32/ E-TRENDS

31.08.2018

AMVCA: The Battle for the Big Four

9ice Allegedly Remarries via Skype

Vanessa Obioha As the hour draws nearer to the sixth edition of Africa Magic Viewers' Choice Awards (AMVCA), all eyes are fixed on the coveted prizes of the night: Best Overall Movie, Best Actor in a Drama (Movie/TV Series), Best Actress in a Drama (Movie/TV Series), and Best Director. Last year saw '76, Sambasa Nzeribe, Rita Dominic and Izu Chukwu carting away prizes in these categories. Although this year's nominees were met with mixed feelings, there is still that fevered expectation on who will emerge winner at the glitzy event tomorrow at Eko Hotels and Suites, Victoria Island, Lagos. Battling it out in the Best Actor in a Drama (Movie/TV Series) are Nigerian actors Wale Ojo (Alter Ego), and Kalu Ikeagwu (Benevolence). They are up against Ghanaian actors Chris Attoh (Esohe) and Adjetey Anang (Keteke, Sidechic Gang); and Ugandan actor Raymond Rushabiro (The Torture). Of all the contenders, Rushabiro is the newbie. A renowned stage actor with the popular Ugandan theatre crew Ebonies, it will be a surprising twist to see Rushabiro clinch the award in this category for his performance in 'The Torture'- a 2017 film about an older man who falls for a younger woman, only to realise later that she only wanted him for the financial support. After going through heartache, he captures her and avenges with torture. However, he will have to contend with Wale Ojo, a past nominee and the only actor nominated twice for different movies. His role in the movie 'Alter Ego' was applauded, particularly for the chemistry he shared on screen with Omotola Jalade-Ekeinde, his co-star. Will luck shine on him tomorrow when the results roll in? Chris Attoh is no stranger to the AMVCAs, though he is yet to win in this category. Perhaps, it might be his lucky day. For the first time, Omotola JaladeEkeinde bags a nomination in the AMVCA for her role in Alter Ego. Will it also be her first win? Apart from the Ugandan actresses Agaba Joan (The Torture) and Cinderella Sanyu (Bella), other nominees in this category are Nigerians. Keira Hewatch is famous for her role in Lekki Wives, while Miriam Kayode and Lilian Echelon have also proved their worth in different productions. Omotola apparently has a higher edge than others going by her robust career experience. Yet, there is no guarantee that she be lucky star tomorrow. It will be fun to see which of these thespians emerge winner in this category. The contest for Best Director in any movie awards is one watched with keen interest. This is the category that separates the masters from the learners. The intriguing part of this category is that the winner's production doesn't necessarily clinch the Overall Best Picture. For instance, in the 2016 AMVCA, Akin Omotosho took home the award for Best Movie Director for his production 'Tell Me Sweet Something.' That same year, Stephanie Linus won the Best Overall Picture for her movie 'Dry'. The contenders in this category are an exciting mix. Ugandan Richard Mulindwa is a celebrated star in his home country with the release of his film 'Only Son' in 2016. The story about a young man's struggle to regain his father's wealth after a bad deal fetched the director a place in the stars. His recent movie 'Torture' interestingly scooped three nominations in this year's AMVCA for Best Actor/ Actress

Tidbits Sunday Ehigiator Nigerian singer, 9ice, last Sunday allegedly got married secretly to his fiancée Adetola, in Badagry, Lagos- State. 9ice, who is divorced after his first marriage to poet Toni Payne, and had since then welcomed three other children from two different babymama, had gone in for his second shot at marriage. The new wife is a U.S-based Engineer and businesswoman, who purportedly couldn’t make it down to Nigeria for the marriage, so she gave her speech via Skype. According to reports, 9ice got engaged to her around May, 2018 and she is said to be reportedly pregnant.

9ice

Simi Set to make Acting Debut in Kunle Afolayan's Movie in a Drama (Movie/TV Series) and Best Cinematography (Movie/TV Series). Sealing the night with a glorious win in this category will be a breakthrough for the East Africa country, which for the first time in the AMVCA has more than one nomination. Jade Osiberu is another interesting diector to watch out. Moving from small production to her first feature film 'Isoken' which gathered five nominations including Best Art Director and Best Movie (West Africa), Osiberu may finally get her deserved place in the African Film Industry. Will it be another glorious night for the Ghanaian director and producer Shirley Frimpong-Manso for her sweet romantic comedy 'Potato Potahto'? In 2014, she won the Best Movie Director for her movie 'Contract', which also won the Best Overall Movie that year. Garnering the highest number of nominations in this year's edition, Moses Inwang 'Alter Ego' may surprisingly be the most rewarding winner of the night. Alter Ego received positive reviews for its lead actors Omotola Jalade-Ekeinde and Wale Ojo stellar performances. Also hot on Inwang's heels is Don Omope, whose film 'Tatu' earned Nollywood star Toyin Abraham her first AMVCA nomination. Aloaye Omoake and Asurf Oluseyi may also spin a win. Nigerian movies have been highly favored in the category of the Best Overall Picture in the history of AMVCAs. With the exception of the first edition which was won by South African Sara Blecher for her movie 'Otelo Burning' and 2014 where Ghanaian filmmaker and director Shirley Frimpong-Manso took home the award, all others have been won by Nigerians: Kunle Afolayan's 'October 1' won in 2015, Stephanie Linus' 'Dry' in 2016, and Izu Ojukwu'76 won last year. The Nigerians in this

year's film race: Moses Inwang(Alter Ego), and Awal Abdulfatai (Descent) however will be facing stiff competition as they are up against Shirley, a past winner for her movie Potato Potahto; Kenyan Phoebe Ruguru for his gripping tale '18 hours'; highly acclaimed Malawian filmmaker Shemu Joyah for his intriguing narrative 'The Road to Sunrise' and Ugandan Hassan Mageye for his heartbeating story 'Devil Chest'. Which one of them will be smiling for the camera tomorrow evening? The 2018 AMVCA witnessed a few changes. For the first time, the award calendar was altered. Usually held in March, this year's is holding in September. Also, the award which is organised by Africa Magic and MultiChoice Africa was able to get the backing of the Lagos State Government for this year's celebration. Over 3000 entries were received this year across 27 categories, out of which seven are open to public voting. Wangi Mba-Uzoukwu, Channel Director, Africa Magic said: “We are delighted to once again celebrate outstanding achievements in the African film and television industry on the platform of the AMVCAs. "As always, we promise a night filled with exciting and stellar performances led by some Africa’s biggest names in the music industry. Our viewers at home will not miss a moment of the event, as they can tune in to all Africa Magic channels on Saturday, 1 September to see who wins the coveted AMVCA titles.” The awards will once again be co-hosted by South African media sweetheart, Minnie Dlamini-Jones, and Nigerian on-air-personality, IK Osakioduwa. For two years, the lovely duo has thrilled guests and viewers as hosts of the AMVCAs with their brilliant synergy, charm and infectious wit.

Simi, the Ondo-born singer just signed a contract at Kunle Afolayan’s office in Lagos. She will be playing the role of the daughter of a cafeteria owner whose character holds a significant part in the movie plot. Mokalik, an all-Yoruba cast movie will star Simi, Femi Adebayo, Lateef Adedimeji, Faithia Balogun Williams, Wale Akorede Okunnu, Alabi Yellow (Dayo Akinpelue) and Papi Lolo (Ayo Ogunshina). The movie is Nollywood’s first single-location shoot. According to her last IG post, Simi loves the movie script.

Afolayan and Simi

Tiwa Savage Breaks Down in Emotional Post Tiwa Savage who recently delivered an outstanding performance during her just concluded concert in O2 Arena in London, has taken to her instagram to write to her son on the kind of man she would want him to become. She likewise shared a photo of herself and her son on stage, along with the caption trying to tell him what she had to go through. She wrote, “It’s not easy but you make it worth it, I pray you grow up to treat EVERY woman like a queen because you’ve seen what your mama had to go through, Don’t know what I’d do without the love you give me, I will give my life for you."

Wale Ojo's Upcoming Movie is Star-Studded Vanessa Obioha Nollywood heavyweights like Jide Kosoko, Patience Ozokwor, Ayo Adesanya, Femi Jacobs, and others are currently on set for Wale Ojo's movie. Titled 'Don't Get Mad, Get Even', the movie will mark the directorial debut for the Nollywood actor. The plot revolves round two brothers Jaiye and Juwon Kuti whose contradicting lifestyles provide the comedic spice for the movie. Jaiye, the elder brother is an uptight, religious and cautious man, while Juwon is a very adventurous and an incorrigible Casanova, who believes he is God´s special gift to all women. Sharing special bond, their relationship is put to test when they chose different career paths. While Juwon dropped out of school

to pursue a music career, Jaiye, went on to become a university professor. Angry at his brother's decision to pursue music, Jaiye severed all ties with Juwon, calling him a disappointment. Jaiye would later be forced to eat the humble pie as the tough economic situations took its toll on his lifestyle. He had to move into the house of his younger brother, who has turned out a very successful music producer. According to the Executive Producer, Mr. Raphael Dedenuola, “The movie is an intriguing romantic comedy that is extremely hilarious and entertaining and will surely cheer you up even in difficult or stressful situations." Other actors featured in the move include Nancy Isieme, Deyemi Okanlanwon, Kenneth Okolie, Toyin Abrahams, Jumoke George and Afeez Oyetoro.

Tiwa and Son on Stage

Timaya Advises Phyno to Shun Marriage

Wale Ojo

Music star, Timaya, recently told co-musician Phyno to forget about marriage as it doesn't work, rather he should get a child outside wedlock. This was after Timaya took to his Instagram page to announce that he would like to take a back seat when it comes to baby making, given his three kids from two women. In the viral video Phyno shared on his Insta-story, Timaya who spoke on Pidgin said: : “Just born pikin, pikin go grow, this marriage thing no dey work”, which loosely translated means, ‘Just give birth to children and watch them grow, marriage doesn’t work’.

33/XTRA

31.08.2018

Protocol Practitioners Aim at International Standard Practice It was another milestone for the Association of Certified Protocol Practitioners in Nigeria (ACPPN), when all the big wigs in the profession came together in Lagos to discuss the way forward on steps to be taken to ensure that the ethics of the profession is adhered to within government and corporate circles. The body hosted professionals in Lagos to a grand business networking forum and later its inaugural ceremony recently in Lagos. The ceremony which was themed ‘’Protocol and National Development, Trend, prospects and opportunities’’ had in attendance over 100 protocol practitioners from all over the country including business networks, government representatives and friends of the industry. The President of ACPPN, Hon. Patricia Kenneth-Divine, in her key note address which centered on rebranding vision of protocol in Nigeria, described the body as the power of vision that will influence drastic change in the industry. "It is our desire to raise the standard of the profession in Nigeria. This project started in 2012 and we are looking at partnership with both local and foreign organisations and today we have made remarkable achievements in that regard. "We have been able to collaborate with the European School of Protocol which till date is a landmark achievement for us to reposition the profession here in Nigeria and later ensure that we have a civil society when orientation of an

L-R: The Chairman Board of Trustees, Ambassador Akin Oyateru; President of ACPPN, Patricia Kenneth-Divine and Director, Engineering Services of FAAN, Salisu.N.Daura during the inauguration in Lagos… recently

average individual will tilt towards orderliness and not survival of the strongest”, she said. Kenneth-Divine also noted that protocol practice in the country has numerous interpretations especially within the government operation. "The job of protocol personnel does not in any way mean he must carry your bag(s), especially while on trips. The job of the protocol man is to smoothen his or her principal's travel plans and not baggage carrier which is the order of the day within government and to a large extent, private organisations today," she pointed out. She said that with the collaboration of the

European Union, it has helped ACPPN in capacity building and raised the ethics and values of the profession with the training of members. She used the occasion to call on reputable organisations in the country to take advantage of the platform by ensuring that their protocol department to be part of ACPPN networks. She also said that there is need for the association to engage in trade and investment opportunities, especially in the development of the Nigerian Aviation sector. She applauded the working relationships established by Federal Airports Authority of Nigeria (FAAN), noting

that the collaborations means that efforts will be combined to promote better service delivery, positive outcomes and a healthy environment in our airports. The Managing Director of FAAN, who was represented by Salisu Daura, Director, Engineering Services during his keynote address, applauded the work of the association as he spoke on salient issues on national development. He said protocol is a key for nation building, this it's vital that all organisations promote the industry for effective operations. He also noted that protocol is important to the successful outcome of the Nigerian Aviation Sector, adding that it will help its security apparatus by eliminating and reducing the activities of touts, unscrupulous elements in the airport. Afterwards, the Chairman, Board of Trustees, Ambassador Akin Oyateru, who was the immediate past High Commissioner to Kenya, during his presentation, charged members to be aware of the visions of the association. He also emphasised on the need for regularising the profession for effective collaborations in the future. The inaugural ceremony, which was later conducted before a Lagos magistrate had over 45 new members, the executive council and board members. The ceremony ended with a networking event of protocol experts, businesses and potential contacts within and outside the industry.

Leadership Conference to Award Outstanding Individuals Rebecca Ejifoma The Success in Leadership Conference (SILC) in partnership with Hall of Fame (HOF) will storm Port-Harcourt to award 14 distinguished personality for their immense contribution to the society. The award, which is in its second edition, is an annual leadership develop-

ment conference that honours leaders, entrepreneurs and professionals who are setting the pace in their chosen careers. The president and convener, Mr. Ifeanyi Oluebubejesus, said the 14 selected awardees from the eastern region have proven to be true leaders who possess qualities that can refine this nation. “Our goal in this one-day leadership

meeting on October 27 at Mina Hotel Aba Road, Port Harcourt tagged, ‘Leadership', is to open individuals and we will also honour those who are setting the pace in their chosen career." He added that the leadership conference aims to further bring together Nigeria’s finest leaders, entrepreneurs, professionals and innovators to share leadership

lessons and ideas that will transform the current state of affairs in Nigeria and across Africa. Indeed, Oluebubejesus believes this conference and award has come at the right time. “Leadership is the key to everything. It determines the quality of our future. It truly develops from inside out”, he said.

Shortlisted 50 Next Titan Entrepreneurs Move to Boot Camp Peter Uzoho After a rigorous selection process at the four audition centres of Enugu, Port Harcourt, Abuja and Lagos, the top 50 entrepreneurs have emerged from the auditions of the Season Five of the Next Titan entrepreneurial reality TV Show, and will be proceeding to the Boot Camp by September. The programme is an annual contest amongst young entrepreneurs with great business ideas and skills, who lock horns

trying to win the N5million prize staked by the chief sponsor, Heritage Bank, and a brand new car donated by Ford Motors. The show is designed to sharpen and ignite the entrepreneurial spirit of young Nigerians, and it represents opportunity, inspiration, and recognition of ordinary Nigerians that are determined to see their business ideas translate to productive ventures. It progresses from the 50 entrepreneurs going to Boot Camp to the unveiling of the top 16 at the premiere night, who im-

mediately proceed to the Next Titan House for a 10-week real business tasks, quality mentorship and training, and ends at the grand finale where the winner emerges. Speaking on the sidelines of the Lagos audition, the Programme Coordinator, Next Titan Season Five, Mr. Ronald Ajiboye, said the season five recorded massive number of applicants, revealing that about 15, 000 applicants were received from Lagos alone. He said: “So far, it’s been a very awesome experience, travelling around and meeting different kinds of people in Nigeria.”

Also speaking to THISDAY, Head of Content and Digital, Heritage Bank, Mr. Chibuike Agu, said the bank is sponsoring the programme because of its keen interest in entrepreneurship. Also, the Manager, Corporate Communications, Air Peace, Mr. Chris Iwarah, said the vision of the organisers of the show was in line with the vision of the company, which he explained was to create jobs for the country’s youth, adding that they are partnering them as their official airline.

Abuja Based Hotel to Launch Multi-million Naira Conference Centre Peter Uzoho Abuja based Grand Pela Hotels and Suites, is set to complete and launch its new multi-million naira international events and conference centre as part of its plans to take Nigeria’s hospitality industry to greater heights. Accordingly, the hotel is poised to provide expertise management and training of international standard to hotels across Nigeria in order to expand the industry in

Nigeria and bring it up to global standards. The Chairman/Chief Executive of Grand Pela Hotels and Suites, Chief Peter Nwakeze, said the star facility has embraced fresh perspective in its quest to be the leading hotel of choice in Nigeria and beyond. Nwakeze said the multi-million naira events and conference centre was designed and built with the utmost comfort of guests and visitors in mind, pointing out that the group has gone to great lengths to ensure that the facility changes the landscape and

experience of major events hosting. According to him, Grand Pela Hotels and Suites will continue to provide proactive approach to hotel management, property openings, and upgrading of existing properties, with the specific needs of all stakeholders, particularly guests and visitors in mind. The chairman noted that the facilities and luxury available at the hotel were comparable to anywhere else in the world, pointing out that the hotel’s newly built

events and conference center is capable of accommodating more than 2,000 people at once and will change the face of the hospitality industry in Abuja and the country. On his part, the General Manager, Grand Pela Hotels, Mr. Peter Swanepoel, said the hotel is strategically located in the Federal Capital City, and can compete and surpass any hotel in the world, stressing that the world class facilities in the hotel were for the comfort of guests and for the development of the industry in Nigeria.

Knights of St Mulumba Creates New Sub-Councils in Lagos The Knights of St Mulumba in the Lagos Metropolitan Council has created three new sub- councils for knights and ladies of the order namely, Victoria Garden City (VGC) Sub-Council from Lekki Sub-Council, Gbagada Sub-council from Maryland SubCouncil and Amuwo-Odofin Sub-Council from Festac Sub-Council. Speaking at the event in Lagos, the Parish Priest, Our Lady Queen of Apostles, Ilupeju, Rev Fr. Paul Anyansi, said the event was aimed at creating new subcouncils of the Knights and Ladies of St Mulumba. Anyansi explained that the creation of new sub- councils, which has VGC as one of them, is aimed at strengthening and

promoting the ideals of the order through evangelisation of the Catholic faith and fostering a Catholic conscience and outlook in their respective sub-councils and apply Catholic principles to all phases of societal life through examples and enlightenment. He remarked that knighthood requires members to give their talent, treasure and time, adding that the newly created VGC subcouncil no doubt will strive to be a leading light in fostering good Christian life among its members and maintaining a union of practicing Catholics in fraternal charity and fellowship. In his remarks, the Grand Knight, VGC Sub- Council, Ferdinand Odoemenem, pledged to foster fraternal association

for the good and progress of the church as well as the well-being of its members. Odoemenem assured members of the subcouncil of the commitment of the new leadership to promote cooperation between one subcouncil and the other. He added that they want to put measures in place to sustain the relationship that they have between sub- councils. He said, “Our mother Sub-council (Lekki Sub- Council) is precious to us and we will continue to bond together on many issues especially on evangelisation. "We are going to step up evangelisation within our geographical area, and promote brotherhood among us. We will endeavour to live exemplary Catholic lives

and to grow in the grace of God through the virtues of charity, meekness, fidelity, courage, humility, modesty and holiness.” According to Odoemenem, with these virtues, all will be fired with a fervent zeal for the social apostolate required of a knight, while holding in high esteem professional competence and superior family values. Grand Knight of the Lekki Sub-Council, the mother Sub-Council, Benji Ofodile, in his remarks described the new VGC Sub-Council as a joyful birth adding that both sub-councils will continue to share and grow from each other ’s strength in order to fulfil the aims and objectives of the order.

34/FEMALE CORNER

31.08.2018

Asimegbe: Why I Give Voice to the Less Privileged Achenyo Helen Asimegbe is the CEO of Stylemark Mall, a retailer of high-quality children’s clothing and accessories. She is also a humanitarian and the CEO of Stylemark Pro Enterprise Hub, a capacity development centre, which trains entrepreneurs, small business owners and start-ups. In this interview with Sunday Ehigiator, she speaks on her upbringing, self-discoveries and why she gives a voice to the less privileged in the society. Excerpts: Generally, we maintain the principle that says, 'It’s easier to keep an old customer than to find a new one'.

Tell us what you do for a living I am a business consultant, brand publicist, a certified entrepreneurial manager, corporate event planner, mentor on Cherie Blair Foundation and Tony Elumelu foundation and also recently selected as a mentor for the United Nations sustainable development solutions Network-Youth investment readiness programme, an advocate for SDGs goal 8, which talks about decent work and economic growth and goal 2, which promotes zero hunger. What led to your journey as a serial entrepreneur? I hail from Kogi State, Idah local government to be precise. But I was born in Lagos-State. I’m my mom’s second child and I am married, and blessed with two beautiful daughters. I attended Central Bank Primary School and likewise attended an all girl’s secondary school; Federal Government Girls College, Lantang. I graduated from Kogi State University where I bagged a degree in Business Administration and later had my National Youth Service Corp in Imo state. As a child I always wanted to be a banker but on getting into the university, I applied for Banking and Finance as both choices but when the list came out I was admitted into the Business Administration department. Although I wasn’t very happy back then, but I went ahead and made the very best I could of it. As soon as I finished my service year, my first job offer was from a bank. You have no idea how happy I was. As time went by, I began to whisper to myself in my thoughts that I should dream and aspire to be my own boss someday and went ahead by putting a timeline. I projected age 30. Time flew so fast and then I realized I was already 29 all of a sudden. It dawned on me, I had to make that move and achieve the goal I had set. So I decided to call it quits from the banking career that I so much loved. I choose to forge ahead with great faith knowing that it was really important for me to be all I could be. The last three years of being my own boss, has been the best years of my life. Although, I know success does not come overnight; I experienced betrayals, closed doors, nights of tears, but it didn’t stop me. I wake up each morning, knowing I have to push with courage, and I reassure myself that better days are ahead. So asides from being a humanitarian entrepreneur, where out of passion; I lend my voice, I also run two businesses. Stylemark Mall, which we deal in kids clothing and accessories, and Stylemark Pro-Enterprise Hub, which is a platform established to help train and mentor small business owners in Nigeria and even the rest part of the world. You are a humanitarian, tell me more about this? After I left my banking career, I experienced what you could call 'rude shock'. Friends left me; I didn't even have many people calling to check up on me as it had been when I was still in a paid employment. I went through a phase where I came to understand what it really means to be in need. I’m so grateful to God for seeing me through those trying time. Because of the experience I had, I made a commitment to begin to lend my voice to the underprivileged in our society. I understood clearly, what it meant to be in need, so I became a humanitarian entrepreneurship, because I know if I do not lend my voice, who will? I have since 2017 been visiting the IDP camps in Abuja, with donations of food and clothing, from my personal contributions and some of my beloved friends who support as well.

Tell me about your cost for deliveries and product affordability? Delivery costs vary by location and also weight. For instance an item being shipped to Lagos, may not cost as much as to Taraba State. So items going to Lagos and weighing 0.5kg may cost between N1000-N1500 by flight. And this may be delivered to the client at their doorstep next day. For Taraba, or other locations the cost would vary. At times, delivery for those residing in Abuja is mostly free or N700. Our products are of great quality, and we keep our prices affordable at least commensurate to the quality and our clients understand that very well. So do you have branches in other states yet? It is the dream of every SME to have branches in other locations asides where they originally started. Most definitely, I know this will happen in the soonest. Expect us. Let’s talk about business mentorship, how did you come up with that? I know very well, that it's not everyone who may have the courage to launch into something new, or to think of starting small. It was quite an experience for me, after I left my job. But I knew deep down that there are other women in my shoes, who may not know how to start over again, or exactly how to go about it. I decided to be a shoulder for women by mentoring them and giving them the courage to pursue their dreams Asimegbe

I also support small business owners who do not know how to transform their ideas into profitable businesses, or women who for one reason or the other have given up on themselves, and do not believe they have potentials. So I mentor them, and I have helped as many as I could and transform their ideas into profitable businesses. How long have you been doing that for? I began in 2017 and I have visited IDP

I have since 2017 been visiting the IDP camps in Abuja, with donations of food and clothing, from my personal contributions and some of my beloved friends who support as well. I also support small business owners who do not know how to transform their ideas into proﬁtable businesses

camps in Abuja every other month. Tell me more about Stylemark Mall? At Stylemark Mall, we deal in kids clothing and accessories, from infants to kids of 10 years old. We are presently located in Abuja but are on Nigeria's largest online mall; Konga. We take orders from anywhere in Nigeria and deliver nationwide as well. We are unique in the sense that, we have a shipping company we are signed up with, which is Courier Plus. And one of our unique selling point is in our quality. We don't comprise on quality. We stock the very best in kid’s outfits. And they are very unique. We go the extra mile for our customers and we try not only to make them happy, but always keep them happy, even after the purchase. How do you manage customer dissatisfaction? We know in business, it is always said that some consumers go through this process of regrets after making a buying decision and action. With us, customers are king. We identify the possible dissatisfactions customers could have in our services and have been able to achieve seamless customer service. And in terms of our products, we believe in quality, even at an affordable cost to all classes. We only go for the best and give the best. And we know our customers even beyond the mall. We know sometimes, a customer may have a reason to give his/her opinion on our products and services; we are always open to criticisms and compliments, and it has overtime helped us in achieving great improvement in our services. And we attend to all complaints swiftly with due investigation, appropriate communication and apologies in all circumstances, because a customer is never wrong and even if they are; two wrongs don’t make a right.

Is it strictly for women? No. It is for both men and women, but largely women. I began my journey into mentoring by being a mentor for Tony Elumelu Foundation, and then Cherie Blair Foundation for women in business, United Nations Sustainable Solutions development network-Youth Investment Readiness Program, African Entrepreneurship Awards, and Ventures Capital 4 Africa Make IT Africa program. I have a Facebook page I use as a platform to mentor people from all over the world. Its titled ‘SME Springboard’. You are so much and more, so, how have you been able to manage all these, especially with the demanding nature of motherhood? 1 cannot tell you how I juggle all these, but what I surely know is, God has been my strength. There are days you are completely fatigued, next meeting you still find yourself going because in-between those times, is Grace. One good quality I know I have that has really helped me, is that I am very organised. You can never get anything done effectively if you are not organised. It will put a lot of strain on you. I schedule everything I do; I know when it’s time for work, and when it’s time to be a mummy/wife. I am not getting it 100 per cent, but I try. So the simplest way to balance it out, first of all is to ask God for grace. And then be a super organised person. But one thing you should know about Helena, she doesn't give up! Even if am tired today, I will try again tomorrow. What is your advice for young entrepreneurs? To my fellow entrepreneurs in Nigeria and in Diaspora, you are not alone. Don't see that challenge as too tough and quit so easily. I can assure you that situation won't be there forever. You will look back pretty soon and see it was all part of the journey (process) to get you to where you are going.

35/LIVING

31.08.2018

FERTILITY WITH DR. KEMI AILOJE

Tel + 2348033083580, Email:Info@lifelinkfertility.com, Website: lifelinkfertility.com

REPEATED IVF/IMPLANTATION FAILURE (RIF) PART 1 Assisted Reproductive Technology (ART) seem to have the answer to all forms of infertility challenge, it may be however be very discouraging to be faced with repeated IVF failures which is an indication that the embryos (a baby in the early stage of development) transferred into the womb did not implant and pregnancy has failed. At present worldwide IVF success rate ranges from 30-35%,with cycle to cycle variation range of up to 50-60%, a number which has remained static for many years. IVF has helped many couple across the globe to complete their family and experience the joy of parenthood but the heartbreak and emotional trauma surrounding repeated failed IVF cycles remains. A failed IVF takes an emotional toll on a woman who is attempting pregnancy as well as financial toll on families, with a single IVF cycle costing millions of naira. This week’s discussion would be looking at all the possible causes of repeated implantation failure, resulting in failed IVF attempts, evaluation and current trends in the treatment of RIF. What is Repeated Implantation Failure? (RIF) Repeated Implantation Failure is diagnosed when transferred embryos fail to implant following several In Vitro Fertilization (IVF) treatment cycles. This means that at least three or more consecutive IVF treatment has been carried out with at least 1-2 high grade embryos transferred back to the womb at each attempt without successful pregnancy. The failure may be a consequence of uterine or embryo factors What is Implantation? The process of implantation involves two main components, a healthy embryo that should have the potential to implant and a receptive endometrium (inner layer of the womb where embryos implant) that should enable implantation. The cross talk between the embryos and the endometrium that finally leads to apposition, attachment and invasion of embryos is mandatory for successful

as well as in clinical pregnancy rate in subsequent IVF attempts.

implantation and subsequent normal placentation. These processes are under thorough investigation and seem to involve many mediators originating in the embryos, as well as in the endometrium, and alsoinvolve the maternal immunological system. Any abnormality attributed to the embryo, the endometrium or the immune system will result in implantation failure/failed IVF cycle. Evaluation and Treatment of Repeated Implantation Failure Causes may be classified as: Maternal Factors or Embryonic Factors Maternal Factor Assessment of the Uterine Anatomy The first step in evaluation should be the uterus (womb) and the integrity of the uterine cavity. Anatomical malformations of the uterus, either congenital (septate uterus, bicornuate uterus) or may be acquired (uterine fibroids especially submucosal fibroids (fibroid growing into the uterine cavity or endometrium), endometrial

polyps, intrauterine adhesion and hydrosalpinx), may interfere with normal implantation. When possible the intrauterine abnormality should be examined by ultrasonography and hysteroscopy and Hysterosalpingogram for hydrosalpinx, with laparoscopy to confirm or refute diagnosis if necessary. Thrombophilia Although the thrombophilic state is either inherited or acquired, it has been mainly associated with repeated pregnancy loss. Several investigators have reported an association between RIF and a tendency for increased ability of blood to form clot (hypercoagulations). It is assumed that the mechanism of implantation failure is similar to that of pregnancy loss, mainly disturbed blood flow to the endometrium and placenta. Disturbed blood flow on one hand can hamper endometrial receptivity and on the other hand cause miscarriage. For patient with RIF, diagnosed with thrombophilia, treatment with medication that thins the blood has been shown to significantly improve implantation,

Immunological factors A number of studies have shown that the immune system plays a major role in the process of implantation and in the subsequent maintenance of pregnancy. A conception must be recognized as non-self in order not to trigger an immunological process that prevents the maternal immune system from rejecting it. The HLA compatibility system evidently plays a vital role in this recognition. HLA means Human Leucocyte Antigen, they are proteins or makers found on most cells of one’s body. The immune system uses these markers to recognize which cells belong to one’s body and which do not. Couples who share the same HLA alleles may experience recurrent pregnancy loss and repeated implantation failure. The reason why this is so, is poorly understood. However inadequate response of the maternal immune system to stimulation by the paternal antigen, due to HLA sharing has been implicated, this usually results in imbalance of T-helper cells which basically are immune cells, causing the maternal system to become intolerant to the fetus. Management of immunological factors includes carrying out immunological screenings to identify women with immunological problems as well as couple with same HLA allele. r 5IF VTF *7*H HJWFO CFGPSF FNCSZP USBOTGFS and a second dose when a fetal heart is noticed has been found to improve implantation and live birth r *OUSBMJQJE JT B GBU FNVMTJPO UIBU IBT CFFO reported to suppress the abnormal activity of NK (natural killer) Cells in the body.The infusion of 20% intralipid solution has also been reported to improve outcome in women with RIF, a 50%pregnancy rate was achieved using intralipid in women with RIF. It is normally administered between day 4 and day 9 of the ovarian stimulation and again within 7 days of a positive pregnancy test… .......................... TO BE CONTINUED NEXT WEEK

OPINION

About Ikot Ekpene Sheraton and other Takeaways from Udom’s Declaration Iman Imar

were in any doubt that he would not allow his people to see war.

Governor Udom Emmanuel of Akwa Ibom State made his public declaration for a second term as governor last Friday before a tumultuous crowd of witnesses in Uyo. The public declaration before the impressive crowd and the ensuing developments may have redefined the narrative as to what the people of the state knew about the affairs of the state in the last eleven years. The disclosures and developments have inevitably reset the permutations and put the ordinary people of the state in better position to assess the political players in the fray.

Takeaway Number Three: Truth emerges on Uyo - Ikot Ekpene Road Akpabio had enough time to work and commission the Uyo-Ikot Ekpene Road but never did. Akpabio had given the impression that his issues with his successor had to do with Governor Emmanuel’s failure to complete the Uyo-Ikot Ekpene Road. But was it really so? The road contract was given out in December 2011 and the former governor had enough time to construct and finish the road, but he never did. “Let nobody deceive you, it is this administration that has taken that road (Uyo-Ikot Ekpene Road) up to 23 kilometres,” Governor Emmanuel disclosed last Friday.

Takeaway Number One: Ikot Ekpene Sheraton Hotel was a lie Governor Godswill Akpabio had commissioned the 14 floor “Four Point by Sheraton Hotel” built in his hometown, Ikot Ekpene in May, 2015 just before he left office. But as we now know, what was merely commissioned was a building without facilities and even worse, without a contract agreement with the brand owners of the name, Sheraton! Governor Emmanuel on Friday said: “It is just now that we have incorporated a company to negotiate with Starwood for that name Four-Point by Sheraton. If anybody has ever done that, let him show me the agreement he signed. “It is now that we are doing external works in that premises in order to turn it into a hotel. Can a building be a hotel?” “But the truth must be told that it is just now that I have paid $7.2 million to Starwood so that we can retain the name that was surreptitiously put on the building called Four-Point by Sheraton Hotel.” Takeaway Number Two: Udom will not allow Akwa Ibom See War Governor Emmanuel for more than three years had almost consistently turned the other cheek to the provocations from his predecessor. Akpbabio had regularly defied protocol and in several

Udom

ways sought to put down his successor. The public declaration, however, showed a different Emmanuel who was apparently provoked by the suggestion of Akpabio that the battle to take over the state in 2019 would be like the German push to take over Warsaw, Poland during the Second World War. A sufficiently provoked Emmanuel rose to the occasion as Chief Security Officer of the state to assure the people of the state that they would not see war. “I heard one human being boast that the Akwa Ibom politics in 2019 will be like the invasion of Poland by Hitler. Whoever is buying guns, trying to kill our children, meanwhile they have gone to hide their own children abroad, we say Holy Ghost….” “Politeness is not weakness, so you need to go and warn them”. People sometime like to be reassured that they have a leader who can rise to the occasion to fight for them. Udom has assured those who

Takeaway Number Four: Governor Emmanuel has credentials to ﬂaunt The governor had for so long acted like a banker not wanting to betray the assets of his customer in his custody. However, last Friday, the governor opened up on his democracy assets albeit without compromising his respectability. He said that his administration “has done over 1,700 kilometres of roads in the state in less than three years, renovated over 349 schools, brought down the cost of garri, (a staple food in the state), at least by 50 percent, and revived the healthcare system”. The governor’s assertions on his performance were soundly echoed by the enthusiastic crowd who have been beneficiaries of the governor’s superior performance in governance. One performance that really astounded many was the marked improvement made by the Udom administration in the area of education over what it inherited from the Akpabio administration. From a 56% pass rate in five subjects, the Udom administration reflective of its huge investments in the education sector has been able to boost success rate to as much as 80%. As the governor spoke last Friday, a school from the state was

representing Nigeria in a competition in Sweden. The equipment of some General Hospitals in the state, including those in Ikono and Entinan which have been digitalized were also marks of the success of the administration. The governor also spoke about successes in other areas including sports observing that he had in three years brought two trophies through Akwa United to the state a giant leap compared to the nothing brought in in the eight years before then. Takeaway Number Five: Akpabio’s loss of his political disciples Godswill Akpabio had personified the political culture of the state and projected himself in a way that few could countermand his political nuances. Last Friday many of the people Akpabio brought to political limelight showed that they had seen the light for themselves. Many of them made a public renunciation of his defection to the All Progressives Congress, APC by their public appearance at the declaration of the man that Akpabio had publicly vowed to reject. Even more, many of them including the speaker of the State House of Assembly, Mr. Offiong Luke publicly disavowed him putting to question his acclaimed political weight. Virtually all the state’s political elders in the PDP were on hand to endorse Governor Emmanuel. The huge turnout at the stadium was also another feat that showed a public affection for the governor. By their public association with Governor Emmanuel and renunciation of Akpabio, the people showed that no man is God in Akwa Ibom. “No man is God. Senator Akpabio’s migration to the ruling APC, at the centre, would not stop my re-election. I would work with the people to continue with our superior performance,” the governor said. -Imar wrote in from Lagos

36/COLLAGE

L-R: Son-inlaw, Mr. Kayode Otitoju; son, Mr. Kehinde Olateru; daughter, Dolapo Alao; daughter, Adebola Macprince; celebrant, Mrs. Comfort Olateru; son\Commissioner of Accident Investigation Bureau (AIB), Mr. Akinola Olateru; daughter, Mrs. Oladumi Otitoju; daughter, Mrs. Dayo Buhari and daughter, Mrs. Funmi Dare, during the 80th birthday celebration of the mother of the commissioner for AIB, in Lagos...recently

31.08.2018

Celebrant/General Overseer of Goodnews Miracle Bible Church, Arch Bishop George Amu with wife, Bishop Modupe Omolara (sitting in the middle), ďŹ‚anked by the cross section of the church choir, at the 77th birthday of Amu/50th year marriage anniversary of the couple, in Lagos...recently PHOTO: ETOP UKUTT

L-R: Engr. Stan Athekame; the lyatse of Weppa Clan, HRH Moses Akpamuka Etsu; the Ogie-Eppa of Weppa Clan in Etsako East LGA, Alhaji ldris lkhapo; SHC Kennedy Izuagbe, Hon Kingsley Ugabi, High Chief Usman Tony ldodo, the Otono of Weppa Clan and High Chief Chris Balogun, the Aidenomo of Weppa Clan during the corronation of the new Clan Head of Weppa and conferment of chieftaincy titles in Auchi, Edo State..recently

L-R: Regional and National Overseer, Redeemed Christian Church of God (RCCG), Pastor Joseph Obayomi; Pastor-inCharge of Province 42, RCCG, Pastor Erogun Ola Martins; and Pastor-in-Charge of Zone 42, RCCG, Pastor Adekunle Adekemi, during the dedication of the Throne of Grace Chapel, Zone 42 in Lagos...recently PHOTO: YOMI AKINYELE

Edo State Governor, Mr. Godwin Obaseki (left), and the African Union Court Judge, Justice Stella Isibhakhomen Anukam, after her election at the 31st Ordinary Session of the Assembly of the Heads of State and Government of the African Union, in Nouakchott, Mauritania...recently

L-R: Representative of Governor Godwin Obaseki and Special Adviser on Media and Communication Strategy, Mr. Crusoe Osagie, with Barr. Philip Otoboh, during a condolence visit to the Otoboh family over the death of his son Barr. Victor, in Benin City, Edo State...recently

The couple, Mr. and Mrs. Odafe Elvis Tsakporhore, ďŹ‚anked by Area Pastor, RCCG Divine Glory, Lagos Province 14, Pastor Ayodele Sanyaolu (left); with Pastor and Mrs. Joe Jofortan during the holy matrimony of the couple in Lagos....recently

37/THISLIFE

31.08.2018

Resurrecting a Culture on the Decline After decades of neglect, Ile-Ife recently went agog as the once forgotten New Yam Festival was resurrected in fulfilment of the cultural agenda of the Ooni of Ife. Yinka Kolawole, in Osogbo, reports

The New Yam Festival in Ile-Ife

hese days, it is commonplace to see Nigerians trying to adopt foreign cultures and neglect their local traditions, which more often than not are deemed to be diabolical. However, much has been done to try to counter that narrative through various forms of cultural revolution. Perhaps, nothing succinctly captures the decline of traditional values like the quote by Barack Obama in his book, Dreams from my Father, â€œFor a people already stripped of their history, a people often ill equipped to retrieve that history in any form other than what fluttered across the television screen, the testimony of what we saw every day seemed only to confirm our worst suspicions about ourselves.â€? In fulfilment of his cultural tourism agenda, the Ooni of Ife, Adeyeye Enitan Ogunwusi, Ojaja II, who also doubles as the Arole Oodua, was recently joined by indigenes, tourists and invited guests to celebrate the New Yam Festival, which hitherto had not been so elaborately celebrated in the last 120 years. The newly revived festival known as "Odun Isu" in Yorubaland held at the Ile-Oodua palace, Ile-Ife, where citizens from other Yoruba towns came in large numbers to celebrate the occasion , which was a colourful display of culture and traditions. Ogunwusi while addressing the mammoth crowd at the festival chronicled the history of the festival. According to him, a deity called 'Oreluere'', who was one of the 401 deities sent by God(Olodumare) to establish the world, was the first hunter on the planet earth that planted yam before Oduduwa supported him to make on it a success. The African foremost monarch acknowledged that God had provided all different but necessary foods for sustainability of humanity and annual germination and growth of yam for human consumption. Ogunfuyi, who is regarded as the spiritual father of Yoruba race worldwide, observed that the process of originality of yam production emanated from the cradle of Yoruba's; Ile-Ife, while adding that yam is one of the foods with high carbohydrate that gives energy. He further stated that Oduduwa collaborated with other deities on how yearly plantation would be guaranteed, adding that "Owo" dynasty also value the celebration yearly. He also maintained that the New Yam Festival is a very big event across the world, which explains why the Yoruba cultural heritage is very keen about it.

He said, "I charge all other neighbouring towns especially Yorubas to emulate the ancient city of Ile-Ife in making the event a continuous exercise. Our youths must go into huge commercial farming as Yoruba communities are known as producers of yam for the entire world. "This belt is called yam belt and these yam belts produce 70 per cent yam for national consumption, while others share the remaining 30 per cent. The plantation started from kingdom of Ife to the Middle Belt of Nigeria, straight to Central African Republic and other West African nations down to Southern Africa. Every individual has the capability and strength for production and Yorubas have mastered it and become the experts in yam production."

Commendations Also speaking, the Co-chairman of the National Council of Traditional Rulers of Nigeria, Sultan Mohammed Abubarka III, who also doubles as Sultan of Sokoto, added that since the past heroes had suffered for the sustainability of human race, therefore, people ought to crown their efforts by appreciating

I charge all other neighbouring towns especially Yorubas to emulate the ancient city of Ile-Ife in making the event a continuous exercise. Our youths must go into huge commercial farming as Yoruba communities are known as producers of yam for the entire world

Ooni Ogunwusi (middle) cutting the yam to signal the kick oďŹ€ of the festival them by embracing farming." Earlier, the Vice-Chancellor of Obafemi Awolowo University (OAU), Ile-Ife, Professor Eyitope Ogunbodede, who congratulated Ooni Ogunwusi on the 2018 yam festival, commended him for promoting culture and tradition of the Yoruba race globally. Ogunbodede added that the festival has exposed all to the international community, adding that from all indications, people prefer the celebration as it has attracted a lot of visitors not to Ile-Ife alone but to other Yoruba communities. He added that celebration of New Yam Festival added value to the economic benefit of the nation, as it encouraged farming and community development. The vice-chancellor further appealed to the three tiers of government to ensure improvement in the storage facilities of agricultural produce for adequate safety since is for human consumption. He also called on government to provide infrastructure such as electricity, portable water and good roads for smooth transportation of farm produce from farms to the cities for more patronage. In the same vein, Ogunbodede lauded the Ooni for putting all efforts in maintaining peaceful coexistence on campus of Obafemi Awolowo University and Ile-Ife in general.

He said, "The relative peace we are enjoying in Obafemi Awolowo University community is the handiwork of God who used Ooni Ogunwusi. As we are enjoying him in Ife and Yoruba land at large, the entire nation are also enjoying him because of his peace mantra. Baba Ooni Adeyeye Ogunwusi is always giving us a tremendous support. He has severally organised for people from Brazil, Portugal, and Cuba to come to Obafemi Awolowo University, Ile-Ife to learn African languages. I here pledge that the school management will not disappoint him." Meanwhile, the Oba Olopo of Ilode, Oyedotun Akintibubo, commended Ooni for the celebration of the festival, which he said is the first in the history of Ife Kingdom. Akintibubo said that during the past regimes, only his family used to celebrate the festival, before Ogunwusi elaborated it. The Olopo of Ilode assured that the community, state and Nigeria at large will experience surplus over the years from farm produce, especially yam and corn, which he said will maximally grow extensively. He said, "With this year celebration, people will not experience hunger and hardship again, for the land will strongly produce seeds for the satisfaction of human race."

38/INTERVIEW

31.08.2018

Anamero Dekeri: My Life as a Social Entrepreneur Anamero Dekeri, the founder of Anamero Idofe Anamero Foundation, has nurtured his business enterprise, which he started at a tender age, into a successful empire. At the moment, he does not only desire to turn his foundation into the biggest charity organisation in Nigeria, but he also wants to touch the lives of his people and make the society a better place. In this interview with Mary Nnah, Dekeri, who was recently honoured by the Rotary Club for his humanitarian activities, discusses some of his achievements and future plans. Excerpts: Many people do not know about your foundation, but it seems to be doing a lot in terms of community development. Why is it seemingly unknown? What the foundation is doing is a reflection of my calling and passion. The foundation started operating formally in 2012 in Edo State. My plan is to ensure that it emerges the biggest charity organisation in Nigeria. To own the biggest charity organisation in Nigeria had been my dream even before I started the foundation. I have remained focused in pursuing that dream and make it come true. In 10 years from now, we want to see beneficiaries of the foundation come back to testify of how the organisation has changed their lives and also contributed to the moral and educational development of others. I want to see the foundation develop into a life-changing institution and a model in the humanitarian circle. How do you plan to replicate what you have done in Edo North in other parts of the country to emerge the most prolific and biggest foundation in Nigeria? Recently, professionals have advised that the scope of the foundation is too broad and that we should focus on education, empowerment or community development. They have advised us to focus on a particular cause and that is what we are currently doing. We will certainly go national in operation and impact. But we should remember that I have limited resources as an individual. The kids we have impacted, hopefully, will be part of the foundation someday. As we speak, I have not collected a dime from anybody or an organisation. I want to create an impact using my resources first. And that is a deliberate decision; I don’t want people to see it as a business venture when we meet them for support. If people do not see the need to join the foundation, some of those who have benefited will certainly do so. That is the reason we have continued to expand the frontier to reach as many people as possible. The foundation has done a lot in the area of empowerment and we are currently restructuring to ensure that it is more efficient. You may not know but you can do your findings to know the number of boreholes, industrial boreholes, community townhalls, access roads and schools the foundation has donated. Our focus, going forward, will be education and empowerment. From 2012 till date, over 1000 individuals have benefited from its scholarship. The foundation will continue to endure and possibly outlive the founder. There are examples of foundations that started small but have moved on to run multi-billion-dollar budgets. The Ford Foundation is one of such. Can you put a figure to what the foundation has done? On the contrary, I focus more on the number of lives we have impacted. The foundation spends several millions every year to deliver the exercise book project. We have also spent much on the building of community town halls and blocks of classrooms to foster positive interactions and quality learning. We are currently constructing roads and streets. I am not seeking the praises of men, so I don’t throw these figures around. In five to 10 years’ time, I want to see the number of lives the foundation will transform. That is the ultimate end and not the billions of naira we spend on projects. The joy is giving hope to people, not getting praises. What value are you bringing to support the industrialisation process of the state? We will continue to expand our network to create more job opportunities for the youths. The agricultural revolution is one area we want to key into. We are working out modalities to acquire land for mechanised farming to create both direct and indirect jobs for the teeming youths. I have mentioned to the governor that we are interested in Gelegele Seaport project. I am also making plans to bring in investors to play key role in the project. Do you think the political class is doing enough

Dekeri

to effect positive change in Nigeria? I had struggled for years to dissociate myself from politics because of the way it is perceived in our clime. Many people see it as a dirty game. In the cause of my philanthropy, I then discovered that there is limit to what you as an individual can do to help an extremely deprived society. I told myself that I need a platform to affect a greater number of people positively. As an entrepreneur, I have limited resources to touch the lives of thousands of people that are looking up to me. If I have a better platform, I would be able to touch more people. So, this is the whole idea. This is the passion. But more importantly, we need more people of contrary worldview to water down the endemic grab-everything attitude among public officeholders. This is the only way we can build new culture that support selflessness. My humble background has taught me a lot about life. I have seen it all growing up as a teenager and I have tasted the harshness of life. So, I don’t need to be told what people who are in position I was are going through. My joy comes when I am able to affect positively the lives of people around me. I want to see them happy; I want to give them hope. The driving principle of religion is faith, and faith is worthless without hope. Faith runs on the vehicle of hope. If you take hope out of faith, it is useless. That hope is what I want to inspire in politics. I was a bit reluctant to come into politics because it is seen as a dirty game. At a point, I asked myself – is it politics that is dirty or the people practising it? We need to make a clear distinction here. All what evil requires to succeed is for all good men to do nothing. If everybody stays away, then what happens to the system? How did we get to where we are today? We had decent and patriotic politicians when we were very young. But today, it is something else. If you are passionate about your people, you must be ready to sacrifice for them. This is exactly what I am trying to do. The society will only be better for us when the greater number of the people is happy. If we fail to deal with greed and selfishness, we will all be consumed one day. The society will be better if the few people that are fortunate give hope to the less privileged and that is why I desire to be in the senate someday soon. Why are you interested in the senate? The drive is to touch the masses and set a new

standard of representation. What we hear is that the salary of a lawmaker can pay tens of medical doctors or teachers. Imagine the different it will make if I employ 10 medical doctors to go around my senatorial district with the salary I earn. First, I will declare my salary and allowances to my people. Then, I will open a trust account where my salary and allowances will be paid into. The money will be used for the public good, to empower my people and develop my senatorial district. You started your humanitarian service since early 1990s, will you continue this even if you are not privileged to take up public office? For me, philanthropy is a calling. It is a pledge I have made. One of the things that give me joy is giving. When I give, I get the kind of satisfaction wealth, fame and business success cannot give me. One thing nobody can separate from me is philanthropy. It is in course of expanding my philanthropic works that I am seeking a political office. I see politics as a platform of expanding the reach of my humanitarian works. The more I give, the more I realise the need to give more. It is an unending venture. So, I have realised the silliness of stomach infrastructure and the wisdom in teaching a man how to fish rather than giving him a fish. So, my intention is to focus on empowerment. We must get the unemployed youths and women to stand on their own. People will continue to run to others for help except they are able to stand on their feet. When they are independent, their thinking and orientation will change. It is only then, they will want to support individuals that are vying for political offices on the strength of their merit and not what they want to give them. They will not mortgage four years because of a pot of soup that will not last for two days or a cup of rice. The reason Nigerian masses appear so naive is poverty. A hungry man can easily compromise. If you are hungry, everything presented to you looks like food. It is a psychological thing. I weep when people scramble for rice every Christmas when we go to villages to distribute rice. When the supposed breadwinner fights for rice, what would you expect from women? That is the level of poverty in the society. Poverty has reduced us to a ridiculous level. We must, through legislative intervention, begin to guide people to create wealth. It is a revolutionary campaign that we have to embark upon. We must

teach and support people to work to earn legitimate income. And the people themselves must be prepared to embrace the revolutionary trend. Education, like I have said, is very critical. One of the greatest heroes of the country, Chief Obafemi Awolowo, said an educated man is easier to govern. When governance fails, it is partly because those saddled with leadership responsibility and the followers lack quality education. An educated mind is a liberated mind. This is the reason Anamero Idofe Anamero Foundation has been involved in educational development since 2012. Since 2012, every pupil of public school in Edo North gets, at least, four exercise books. Recently, scholarships were given to 10 students in Okpe, Akoko Edo Local Government Area. On the same day, 10 women were selected for empowerment. Last October, two 10-classroom blocks built by the foundation for two public schools in Etsako were unveiled by Gov. Godwin Obaseki. Education is not optional, it is mandatory. Little wonder that the holy book says that my people are destroyed for lack of knowledge. Take note, it does not say they are stupid, hungry or poor but that they lack knowledge. As a matter of fact, some translations say they perish for lack of knowledge. That tells you how crucial education is to a man. Take education from a man, he becomes useless. Apart from education, we are involved in rural development. We have built town halls to enhance peaceful deliberations; we have donated transformers. We have lost count of the number of boreholes we have delivered to make life easier for especially women. In a matter of weeks, we will complete a five-kilometre road we are constructing in a community in Etsako East LGA. The more of these projects we execute, the more needs we see. Do you have specific areas you intend to contribute to if given a chance at the parliament? We must begin to address the challenges in the education system in a strategic manner. When you educate an individual, you have liberated several generations to come. That is because the level of reasoning and the worldview of an educated individual is remarkably different from others. Through law-making, we can reform the education system and make it more result-oriented. Through law-making, we can bring hope to millions of people through education. The liberation of every society starts with education. To achieve this, we must live a life of contentment. We live flamboyant lifestyles that we do not have the capacity to maintain whereas the critical needs like education suffer. We cannot develop if we continue like that. This is why I invest so much on education. When I was in Primary two, I could not afford common exercise books. Whenever I remember what I went through, I acknowledge the deprivation some pupils go through and how useful I would be to them. The level of employment and poverty in Edo North, for instance, is still extremely high. Several youths that should be assets to the states are not actively engaged. What are their challenges? Yes, some of them are graduates. But that is not enough. What other things can they do to contribute to the growth of the society? It is not just about the certificates; we can give the horde of jobless youths some direction. Our women are hardworking, commitment and diligent in the calling. But there is limit to what they can do. Some of them are doing very well in agribusiness and trading. Our has been actively involved in the empowerment of the youth and women but to reach a larger percentage of these groups, we need to put in place robust institutional frameworks that are supportive of the society we want to build. And I think that society is one that is progressive, developmental and wealth creating. Young men and women die daily of ailments that could be cured by common medical aids. Children who are willing to learn do not have the basic education facilities required for decent learning. If we cannot begin to think of how to address these challenges, it means we have lost the essence of humanity. We must create an environment that is supportive of quality living, education and healthy living.

T H I S D AY • FRIDAY, AUGUST 31, 2018

BUSINESSWORLD Lagos Plans Big for Akwaaba African Travel Market The Lagos state government has announced plans to be fully involved in the forthcoming Akwaaba African Travel Market slated for September 9-11 2018. Akwaaba has been hosted in Lagos since the last 14 years and Lagos state government has given support to the programme. But the most populous state in Nigeria said that it would give the 14th edition of the event its signature tune. The organiser of the travel event said with the changing face of the city of Lagos amid massive infrastructural reconstruction going on in the state, delegates to the 14th Akwaaba Tourism Expo would be treated to the taste of Lagos as never before. “You have heard all the stories of Lagos. Some good, some bad; but no report is better than a personal experience. This is what the government of Lagos through its Ministry of Tourism is promising delegates to this year’s African Travel Expo,” the organisers explained. They noted that this hosting is in line with effort to make true the vision of Mr. Akinwunmi Ambode, the governor of Lagos State, to transform Lagos, Africa’s most populous city and the second largest economy in West Africa, in creating an enduring architecture for

the business of tourism to thrive to support continuous prosperity of the state as it targets its low hanging fruits of its massive entertainment, culture and heritage The Governor earlier in the year noted that the state is channeling a lot of resource to creating an enduring architecture for the business of tourism to thrive, with an understanding that tourism does not stand on its own; that it is the infrastructure supporting it that actually allows it to thrive; hence, the upbeat about putting the infrastructure in place. Akwaaba African Travel Market is the biggest Travel Expo in West Africa and has been hosted in Lagos for the past 13 years and it annually attracts visitors and Exhibitors from over 20 nations. “Lagos State would be hosting a special day at the fair on the 11th of September at Eko Hotel and Suites. The Lagos day will see special cultural and artistic presentations to showcase the best of Lagos. The Government of Lagos State has promised the organisers all needed institutional support to make the event not only remarkable but successful and at the same time memorable! City Tours will be provided for visiting Tour Operators to know the city better in order to market its attraction to their clients.

NEWS

NCAT Introduces New Courses for Pilots The Nigerian College of Aviation Technology (NCAT), Zaria has introduced new courses for pilots in training. The school management which made the announcement on Wednesday said it introduced four new courses on flight training, which include Airline Transport Pilot Licence (ATPL), Multi Crew Course (MCC), Jet Orientation Course (JOC) and ICAO English Proficiency Test. The College explained that while ATPL course takes a

period of 10 weeks for online students, it takes regular students a period of 10 days to finish the programme. For those offering ATPL, there is also provision for a one-week revision on what they have been taught earlier. Others such as MCC take one week while JOC also takes only one week training programme. The school advised interested flight officers to contact the head of Flying School, NCAT, Zaria

The Nigerian College of Aviation Technology is funded by the Civil Aviation Department in the Nigerian Federal Ministry of Aviation. Formerly known as the Nigerian Civil Aviation Training Centre, the school was established in 1964. According to records from the school, the College has a fleet of about 26 training aircraft. These consist of 14 single-engine TAMPICO TB9, 5 single TRINIDAD TB20, 3 twin-engine Beech 58, 2 BELL

206 Helicopters, a B737 aircraft for cabin crew training and 1 TBM 850 aircraft for flight training. NCAT said that as at 2010, about 6,500 students had graduated from the college, which offers course in flying, aircraft maintenance, air traffic control and aeronautical telecommunications. In 2010, the college was seeking to become a degreeawarding institution through affiliation with a foreign university

Osinbajo: How Young Nigerians Opened Innovation Hubs, Startup During Recession In line with its Economic Recovery and Growth Plan (ERGP) to boost job creation and economic recovery, the federal government will continue to create the right environment for the growth of technology companies, start-ups, and for innovation to thrive, according to Vice President Yemi Osinbajo. Osinbajo, was quoted in a statement, to have said this on Wednesday, during his visit to Ventures Platform Hub, Abuja, alongside the British Secretary for Africa & International Development, Rt. Hon. Harriett Baldwin. The Vice President further commended the entrepreneurial drive of young Nigerians to create value in the technology sector, noting that the federal government was supporting technology and innovation because it is the “future starting today’. According to him, “The fact is that a lot of these entrepreneurs actually started while we were in recession, and it is not just evidence of their resilience, hard work and creativity; but also, the fact that there is so much opportunity and so much talent here; and there is so much that can be done.” Osinbajo added, “I think just looking at what has happened with some of the start-ups that we’ve seen today, many of them actually started in the recession, while the recession was on, and they proved, by just the number of jobs they have

created, the value and wealth they’ve created, that this is really the future starting today. “They’ve done so much work and innovation, so for us it is a no-brainer (why the federal government is supporting technology hubs); because obviously what we need to do is to create the right environment for these technology companies and for innovation to thrive, which is why we have started up first with the creativity and technology advisory group. Many of these young start-ups are members of these creativity and technology advisory group where they help to formulate policy with federal government policy makers. So, they help also to formulate policy in many of these new areas, especially in Fintech, which are some of the new areas where we need to formulate new policies. “I think that, again, underscores the fact that technology, especially the start-ups that we are seeing, is the future of business in Nigeria and will lead us to the Nigeria, which is an excellent place, to do a lot of very creative and innovative things. “We’ve seen so much already, I think we are in a very good place to make the real difference in those things that we want to see,” he added. The vice president commended the UK government for its cooperation in boosting technology and innovation in the country through its partnership.

PROMOTING ENTREPRENEURSHIP

L-R: Head, Digital and Content, Heritage Bank Plc, Chibuikue Agu; Executive Director, Next Titan TV Show, Mide Kunle-Akinlaya and Corporate Communication Manager, Air Peace, Chris Iwarah, at the inauguration of participants in season ﬁve of the TV reality show in Lagos…recently

Brazil to Offer to Offer more Visas to Nigeria The Brazilian Envoy in Lagos has promised more visas for Nigerians as commercial and people-to-people relations improve between Nigeria and Brazil, News Agency of Nigeria (NAN) has reported. The Consul-General of Brazil in Lagos, Ambassador Flavio Bonzanini, told the wire agency in Lagos that his government was willing to increase its visas to Nigerians. “We have the interest to foster the relations between our two countries. We have a very significant importance in Nigeria as the largest country in Africa and the most important economy on the continent. “At the moment, we think that the issuance of visas to Nigerians will increase naturally, as our relations get better. “There will be a natural way to increase visa issuance to Nigerians as more commercial and people-to-people relations increase between Nigeria and Brazil,’’ he said. Bonzanini, who said that the number of visas issued to Nigerians was gradually increasing, however, added that Nigerians had over the

years received a low number of visas to Brazil. He also said that it was imperative for Nigerians to understand the requirements and processes for applying for visas to Brazil, for business, study, tourism and other purposes. The consul-general said that his government had instructed the Consulate to always examine and investigate every visa applicant’s family and personal conditions, as provided in their information and documents. “Nowadays, it is important to know that every country tries to examine each and every person who wants to visit their countries. We have instructions from our government to examine, for instance, what Nigerians seeking visas to Brazil will be doing, where they will stay and whether they have sufficient means to travel to Brazil. We are very careful in handling visa applicants who fulfill the necessary items and need to receive visas to Brazil. We also know how expensive it is to live or visit Brazil,’’ he said.

Nigeria and Brazil signed a strategic trade agreement in Abuja last year, under which the two nations are

expected to develop economic relations in the next decade, particularly in agriculture, technology and culture.

Dubai Airport Records Second Highest Passenger Movement in July The Dubai Airport had its second busiest month on record in July as passenger numbers topped eight million during the period. Airwise.com reported that July saw 8.2 million passengers passing through the airport, a 1.8 percent increase on the same month last year, and second only to August 2017’s 8.23 million. It was also the fourth month the airport beat the 8 million passenger number. For the year to end July, passenger traffic reached 51.9 million, up 1.6 percent on the previous year period. Eastern Europe was the fastest growth region in July with traffic up almost 25 percent, as low cost carrier flydubai added routes. CIS passenger numbers rose by 18.34 percent

and Africa 9.7 percent. Overall, India was the top destination country with a shade over 1 million passengers, followed by Saudi Arabia and the UK. In city terms, London was the most popular destination from Dubai, followed by Kuwait, Mumbai and Riyadh. Cargo volumes rose 4.8 percent in July to 223,488 tonnes, but year to date volume dropped 1.6 percent to 1,491,649 from the same period in 2017. Dubai International is the busiest airport for international passenger numbers, with 87.7 million in 2017, beating London Heathrow’s 78.2 million. The busiest US airport for international passengers last year was New York’s JFK with 32.4 million.

T H I S D AY ˾ ͱͯ˜ ͰͮͯͶ

CITYSTRINGS

ÜÙßÚ ÏËÞßÜÏÝ ÎÓÞÙÜ˝ ÒÓÏ×ÏÖÓÏ äÏÙÌÓ ×ËÓÖ ÍÒÓÏ×ÏÖÓÏ˛ÏäÏÙÌÓ̶ÞÒÓÝÎËãÖÓàÏ˛ÍÙ×˜ ͖͕͔͑͑͒͑͒͑͑͘

Naval Change of Baton Chiemelie Ezeobi, who witnessed the change of baton for the flag officers commanding of the Western and Naval Training commands, both in Lagos, reports on the military event

L-R: Commander NNS BEECROFT, Commodore Okon Eyo; FOC West, Rear Admiral Obed Ngalabak, and outgone FOC, Rear Admiral Sylvanus Abbah at the handing and taking over ceremony

s with most military traditions, the handing and taking over ceremonies of commands provide ample opportunity to showcase their longstanding tradition in colourful parades. So it was last Monday and Tuesday at the Naval Training Command (NAVTRAC) and Western Naval Command (WNC), respectively, both in Lagos. The occasion was the farewell parade and send off ceremony of Rear Admirals Obi Ofodile of NAVTRAC and Sylvanus Abbah of WNC.

Tradition

The military is an institution known for adhering to tradition no matter how long ago it was established. Tradition, they say, never dies and that particularly holds true for the military. The Nigerian Navy, one of the three arms of the Nigerian Armed Forces, is not an exception. For the navy, instead of tradition being deemed as archaic and outdated, they are seen as an anchor to their past, constantly reminding them of where they are coming from, where they are now, and

where they hope to be. It would therefore be safe to say that the very tapestry or fabric that holds the military together is its customs and traditions. Even though those traditions might not be understood by civilians, because of what they deem excessive

The CNS mission is to deploy a naval force that is well trained, organised and highly motivated to discharge its constitutional roles professionally and efﬁciently for the defence of Nigeria in ensuring her economic prosperity

regimentation, for the military, the traditions are their heritage, even as they seek to align themselves with contemporary modern day structures and practices.

NAVTRAC'S Parade

After spending 14 months at the helm of affairs of NAVTRAC, it was time to say goodbye for Ofodile. The occasion was heralded by a ceremonial parade, which saw officers and men of the command assemble at the parade ground of Nigerian Navy Ship (NNS) Quorra, Apapa. The parade began with form up of divisions and the guards before the throw in markers and march on of the divisions and guards. After the arrival of the senior officers, the parade was officially kick-started with a march past that was inspected by Ofodile. He afterward went on to read his farewell speech leading to the FOC's exchange of Distinguishing Flags. After the marching in review order and three hearty cheers for Ofodile, the parade commander then marched off the personnel. In his farewell address, Ofodile said the naval authorities were prepared to recruit retired instructors to overcome the dearth of adequate

qualified teachers for its training institutions under NAVTRAC. Ofodile, who lamented that the dearth of adequate instructors for the colleges under the command, was one of the challenges he faced in his 14 months in office, however said the naval authorities were poised to resolve the situation. According to him, one of the major solutions was to recruit some of the retired naval personnel, both officers and men, who were once instructors while in active service. Already, he said such underlisted persons had been invited for an interview, and the shortlisted retirees would be employed in their capacity as civilians. Aside the dearth of instructors, he cited inadequate teaching aids and models, paucity of funds, inadequate accommodation and vehicles as other constraints he faced, adding that already they are receiving priority attention from the naval headquarters. Ofodile said, "I assumed command as the FOC in June 2017. Within the past 14 months, my staff and I have worked diligently as a team, with a shared commitment to meet the training requirements of the Chief of the Naval Staff (CNS) Strategic

T H I S D AY ˾ ͱͯ˜ ͰͮͯͶ

CITYSTRINGS

Rear Admiral Obi Ofodile (right), handing over the command's ﬂag to his successor, Rear Admiral Standford Enoch

Directive-2. "As we all know, NAVTRAC is saddled with the primary responsibility of meeting the professional manpower needs of the NN. Mindful of this role, the command identified key requirements to make its professional trainings meet current NN operational realities and needs. "Accordingly, some training packages were introduced into the curricula of our colleges and cools in other to meet prevailing contemporary security situation and emergent threats confronting our nation today. "As part of efforts to tackle the training requirements/necessities arising from contemporary security challenges in the nation's maritime domain, the command initiated a consultation process with some stakeholders in the maritime environment. Some of the recommendations are already being implemented while others are being analysed for further necessary actions." Noteworthy also is that under Ofodile’s watch, NAVTRAC took over the command and management of the Joint Maritime Security Training Centre, which was previously under the Defence Headquarters. Noting that democracy was deep rooted in the country, Ofodile advised personnel to protect and preserve it. He enjoined personnel to subject themselves to constituted civil authority at all times and remain non-partisan. He said, "We must observe and relate cordially with members of the civil society and recognise that democracy regards the support and defence of human rights as sacrosanct., "Accordingly, we must also strive to live above board and steer the course of honour, selfless service and dedication to our duties and our fatherland. Therefore, we must professionally uphold the tenets of fundamental human rights in all our activities.

"Keep away from all forms of corruption and corrupt practices, illegal activities/behaviours including drug abuse and illegal duties. Allow the good teachings of your religions and your positive cultural, moral values to show in your daily activities, including official duties. Do not covet not pocket what belongs to others, including your subordinates." Speaking also, the new FOC, Rear Admiral Stanford Enoch, said given the commendable job done by his predecessor, he would build on the successes.

Abbah's Valedictory Remarks

At the Western Naval Command, the event was held on Tuesday. The outgone FOC, Rear Admiral Abbah, handed over to Rear Admiral Obed Ngalabak at a colourful parade held at the parade ground of NNS BEECROFT. While appreciating the Chief of Naval Staff, Vice Admiral Ibok Ekwe-Ette Ibas, for the opportunity

Accordingly, we must also strive to live above board and steer the course of honour, selﬂess service and dedication to our duties and our fatherland. Therefore, we must professionally uphold the tenets of fundamental human rights in all our activitiesy

to serve, Abbah in his farewell address also commended the officers and men of the command for their support during his tenure, which he said was a confirmation of their high level of professionalism and ability to serve Nigeria. Abbah said he assumed office on July 4, 2017, as the 37th FOC for WNC and upon assumption of office, he worked hard to meet the requirements of the CNS Strategic Directive 2016-2, which is in furtherance of the CNS mission statement, which is “to deploy a naval force that is well trained, organised and highly motivated to discharge its constitutional roles professionally and efficiently for the defence of Nigeria in ensuring her economic prosperity”. He said, "As you may be aware, the WNC which is the premier command of the NN has a coastline of about 154 nautical miles and sea area of 30,800 square nautical miles. This represents about 37 per cent of Nigeria’s total sea area. In line with the Revised Nigerian Navy Transformation Plan 2011 2020 and the CNS Strategic Directives 2016-2, the command has striven to discharge NN roles in its Area of Responsibility (AOR) in line with global best practices. "During my tenure therefore, the command carefully analysed the prevailing contemporary security situation in the country and came up with robust policing duties, sustained internal security operations, guidelines for prudent use of resources as well as improved welfare programmes. Other proactive measures under my watch included training and development of manpower and enhanced cooperative engagements with relevant agencies. “Within the last 14 months FOC, we have collectively been unflappable while serving in a very challenging maritime environment. As a duty to the nation, we have

also committed own personnel to land-based security challenged areas in faraway terrains like Jos, Maiduguri, Lake Chad and other volatile areas occasioned by the Boko Haram menace. “Even in your traditional AOR, which is our maritime environment, several maritime crimes and illegalities have been vigorously curtailed by our gallant personnel despite inadequate platforms, patrol boats, arms and ammunition. I am indeed proud of these modest achievements. I will particularly want to note our personnel who paid the supreme sacrifice in the course of curtailing these challenges, may their souls rest in perfect peace." On successes achieved in their military, policing and diplomatic roles, he cited the arrest and handover of 26 vessels to appropriate prosecuting agencies, rescue of four Chinese citizens kidnapped from a fishing vessel, successful conduct of operation and exercises, construction of numerous infrastructure across various units under command as well as the successful conduct of the NN 62nd anniversary, involving REMEX and IMC 2018 among others, as well as the successful reception of the multi-billion dollar FPSO EGINA in the midst of threats from militant attacks. He added the successful dislodgment of Kings Guard contracted by Top Line Security and from Atlas Cove. He urged the officers and men of the command to extend same support, enthusiasm, dedication to duty and absolute loyalty to his successor, Rear Admiral Ngalabak, whom he described as a thoroughbred and professional senior officer and gentleman. Both Abbah and Ofodile have handed over as the 37th and 31st FOCs, respectively, and the navy marches on. For the navy, and the military at large, tradition has indeed come to stay.

T H I S D AY Ëž AUGUST 31, 2018

BUSINESS/MONEYGUIDE

CBN Parleys UK Agency on Regulatory Framework for Fintechs Obinna Chima The Central Bank of Nigeria (CBN) is collaborating with the Financial Control Authority, a United Kingdom agency to develop framework for the regulation of financial technology (fintech) companies in Nigeria. CBN Governor, Mr. Godwin Emefiele, dropped this hint while speaking to journalists after a closed-door meeting between UK Prime Minister, Theresa May and Nigeriaâ€™s business leaders and some regulators in Lagos, during the prime ministerâ€™s visit to Nigeria on Wednesday. May was accompanied to Nigeria by a delegation of UK fintech specialists. Emefiele said there are plans to develop regulations for fintechs that would not be as stringent as what is available for the banks. Responding to a question

about the outcome of the meeting, Emefiele said, â€œFrom our side, we spoke extensively with the Financial Control Authority, which is one of the agencies in UK that has regulations on fintech businesses. â€œNigeria being a country that has a lot of opportunities particularly because of our large population of young people who are interested in fintech businesses, we had opportunity to hold discussions with them and we have agreed that we would meet some other time to think on how to set up acceptable regulation for fintechs, regulations not as stringent as what the banks would be, but one way or the other, the fintechs have to be regulated.â€? He added, â€œBasically it was a meeting where the Prime Minister met with leaders of businesses and financial services in Nigeria and we also had the opportunity of networking with

some of the business leaders she came with from the UK. â€œIt was a good meeting and she had some one-on-one with some very important Nigerian business, all with a view to see how the Nigerian businesses can work, partner and collaborate with businesses from UK. Its a very successful one.â€? On his part, a former CBN Deputy Governor, who is now the Chairman of the Federal Emergency Road Maintenance Agency (FERMA), who was also at the meeting said it was apparently to boost business relationship and bilateral relationship between Nigeria and UK. â€œThe prime minister did say in South Africa that post Brexit, Britain intends to ratchet up investment in Africa. And this visit was to reconfirm that to the Nigeria. It was an opportunity to cross fertilise ideas,â€? Lemo added.

L-R: Executive Director, Corporate Services NEXIM Bank, Mr. Bala Bello, MD/CEO, Mr Abba Bello and Ekiti State Governor elect, Dr Kayode Fayemi, during a courtesy by the management of NEXIM Bank to Fayemi in Abujaâ€Śrecently

â€Ś FG Assures UK on Ease of Doing Business Ndubuisi Francis Ă“Ă˜ ĂŒĂ&#x;Ă”Ă‹ The federal government has asked investors from the United Kingdom (UK) to cash in on Nigeriaâ€™s improved business environment to invest in critical sectors of the economy. The Minister of Finance, Mrs. Kemi Adeosun gave the admonition in Abuja Thursday when she met with a business delegation of the British Prime Minister, Theresa May. According to Adeosun, the President Muhammadu Buhari administration had taken a bold step in creating an enabling business environment for attracting investment via the the Presidential Enabling Business Environment Council (PEBEC). She expressed the commitment of the government to further improve on the business

environment and sustain existing reforms to consolidate the gains of the economy by deepening of the subnational Ease of Doing Business drive Adeosun said, â€œThere are lots of business opportunities in Nigeria and the Government is addressing assiduously the impediments to ease of doing business in Nigeria. â€œThis will make it easier for businesses to grow and contribute to sustainable economic activity in the country as well as create jobs.â€? The Minister also canvassed the need for the deepening of the Nigerian capital market with specific products that can be channeled towards infrastructure financing. Acording to her, this would ensure that the capital market plays a critical role in stimulating

the economy. â€œWe canâ€™t have enough capital to finance infrastructure development. Deepening the capital market is key to the funding of infrastructure in Nigeria,â€? the minister added. In his remarks, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, who applauded the support of the Department for International Development (DFID) and UKAID, solicited more business partnerships between Nigeria and the UK. Also speaking, the British Minister for Africa, Harriet Baldwin expressed delight on the trade relations between Britain and Nigeria, noting that more business partnerships would be announced by the visiting Prime Minister.

Waltersmith Seals Deal with Chinese Firm to Enhance ReďŹ ning Capacity Waltersmith Refining and Petrochemical Company Limited yesterday disclosed that it has signed a memorandum of understanding (MoU) with Peiyang Chemical Equiment Company Limited of Tianjin, China to build a new Refinery at its it Imo State facility. This deal is expected to increase Waltersmithâ€™s daily refining capacity to 30,000 barrels of oil per day. The company which had commenced construction of its 5,000 barrel per day (bpd) modular refinery said the new agreement with the Chinese firm would build a new refinery and

support its goal of producing petrol, aviation fuel and other by-products at the facility. Commenting on the partnership, the Chairman/Chief Executive officer Waltersmith Refining and Petrochemical Company, Mr. Abdulrazaq Isa said: â€œThe MoU is about expanding the capacity of our modular refinery which is currently under construction by 25,000 bpd to produce other products beyond what the modular refinery is capable of doing meaning we can now produce premium motor spirit (PMS) and aviation fuel. â€œThis MoU is basically to undertake the project develop-

ment work which would entail a feasibility study of the proposed expansion of to 25,000bpd. Then we would proceed to do the detailed engineering design for the expanded facility and some other associated studies. â€œWe would work jointly with the Chinese to obtain the regulatory approval for the proposed capacity. Once that is done, we can now close the financing and then go into construction.â€? Furthermore, he added: â€œWe believe that by the time we conclude the development, we would now become a fullblown refinery.â€?

FirstBank Digital Lab Organises Forum FirstBank Digital Lab will convene for its second Fireside chat today. The bankâ€™s digital lab would play host to the event with the topic â€œArtificial Intelligence in Banking & Paymentsâ€?, facilitated by Ope Adeoye, Managing Partner, 2iLabs. The FirstBank Digital Lab Fireside Chat is a public conversation that brings together active players in the

technology community to have thought-provoking discussions, revealing new perspectives on a range of discussion points, pulling out genuinely relevant insights. â€œThe topic for this edition is in recognition of the extensive and growing impact Artificial Intelligence (Ai) is having on the modus operandi of the Nigerian banking industry as a basis for competitive advantage

in service delivery by industry players and its culminating influence in the experience by end users, customers. â€œThe monthly series which debuted on Friday, 27 July 2018 highlights FirstBankâ€™s digital-centric approach to business as it aims to promote fintech penetration amongst its stakeholders. The engagement provides

MARKET INDICATORS MONEY AND CREDIT STATISTICS

(MILLION NAIRA)

MARCH 2018 Broad Money (M2)

24,303,049.86

-- Narrow Money (M1)

10,912,604.10

---- Currency Outside Banks

1,668,378.21

---- Demand Deposits

9,244,225.90

-- Quasi Money

13,390,445.76

Net Foreign Assets (NFA)

15,619,134.18

Net Domestic Assets(NDA)

8,683,915.68

-- Net Domestic Credit (NDC)

26,267,136.53

---- Credit to Government (Net)

3,823,345.45

---- Memo: Credit to Govt. (Net) less FMA

5,433,209.43

---- Memo: Fed. and Mirror Accounts (FMA)

-1,609,863.98

---- Credit to Private Sector (CPS)

22,443,791.08

--Other Assets Net

-17,583,220.85

Reserve Money (Base Money)

6,746,646.49

--Currency in Circulation

1,668,378.21

--Banks Reserves

4,357,551.58 Ëž Ă™Ă&#x;ĂœĂ?Ă? Ě‹

Money Market Indicators (in Percentage) Month

March 2018

Inter-Bank Call Rate

15.16

Minimum Rediscount Rate (MRR) Monetary Policy Rate (MPR)

14.00

Treasury Bill Rate

11.84

Savings Deposit Rate

4.07

1 Month Deposit Rate

8.82

3 Months Deposit Rate

9.72

6 Months Deposit Rate

10.93

12 Months Deposit Rate

10.21

Prime Lending rate

17.35

Maximum Lending Rate

31.55

Ëž Ă™Ă˜Ă?ĂžĂ‹ĂœĂŁ Ă™Ă–Ă“Ă?ĂŁ Ă‹ĂžĂ? Ě‹ ÍŻÍąĎą

OPEC DAILY BASKET PRICE AS AT WEDNESDAY AUGUST 29, 2018

The price of OPEC basket of ďŹ fteen crudes stood at $74.48 a barrel on Wednesday, compared with $74.75 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), Djeno (Congo), 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

T H I S D AY ˾ AUGUST 31, 2018

MARKET NEWS

Guinness Nigeria Grows Proﬁt by 249% to N6.7bn, to Pay 184 kobo Dividend Goddy Egene Guinness Nigeria Plc has reported a growth of 249 per cent in profit after tax (PAT) for the year ended June 30, 2018. The audited results showed revenue of N125.9 billion, up by 14 per cent from N125.92 billion in 2017. Net financing expenses fell 54 per cent to N3.443 billion, from N7.527 billion following a rights issue of last year.

Profit before tax stood at N9.943 billion, up from N2.662 billion, while PAT soared by 249 per cent from N1.923 billion to N6.718 billion in 2018. Based on the improved performance, the board has recommended a dividend of 184 kobo per share, compared with 64 kobo paid the previous year. Commenting on the results, Managing Director/CEO, Guinness Nigeria Plc, Baker

P R I C E S MAIN BOARD

F O R DEALS

Magunda, said: “Over the year ending 30 June 2018, despite continued challenges in the operating environment, Guinness Nigeria delivered a strong performance. Revenue increased by 14 per cent as both beer and mainstream spirits’ net sales grew double-digit. In beer, Guinness, our largest brand, saw strong growth as it benefitted from increased marketing activations around football. Mainstream spirits also

S E C U R I T I E S

MARKET PRICE

QUANTITY TRADED

VALUE TRADED ( N )

delivered double-digit growth driven by innovation launches and new formats.” “During the year, gross margin was down four per cent to 34 per cent largely driven by inflationary pressure on our raw material costs. However, this was more than offset by reduced distribution and administration costs and resulted in operating margin improving 130bps. Marketing spend increased 18 per cent,

T R A D E D MAIN BOARD

A S

ahead of revenue growth, as we continue to invest behind our brands.” “Improved operating performance combined with lower finance charges have helped us deliver an overall PAT increase of 249 per cent during year. The execution of our strategy is working as we delivered both top line growth and margin expansion while also increasing investment behind our brands. Looking

O F

forward, we will continue to focus on the three strategic pillars of productivity, expansion of our portfolio, as well as the execution of the commercial footprint initiatives to drive the business forward. Whilst we remain optimistic about the execution of our strategy, we note that the operating and competitive environment is likely to continue to be challenging in the 2019 financial year.”

2 7 / 0 8 / 2 0 1 8 DEALS

MARKET PRICE

QUANTITY TRADED

VALUE TRADED ( N)

T H I S D AY ˾ ͱͯ˜ ͰͮͯͶ

T H I S D AY ˾ ˜ ͻ͹˜ ͺ͸͹Ͷ

MARKET NEWS

Access Bank Records N40bn Half-year Profit, Recommends 25k Interim Dividend Goddy Egene

Shareholders of Access Bank Plc are to receive an interim dividend of 25 kobo for the half year ended June 30, 2018. The dividend recommendation followed the release of the bank’s results which showed gross earnings of N253 billion, up from N246.6 billion posted in the corresponding period of 2017 with interest and noninterest income contributing

74 per cent and 26 per cent respectively. Interest income grew by 15 per cent from N161.9 billion to N186.7 billion, while non-interest income fell to N66.1 billion in 2018, from N84.4 billion in 2017. Impairment charges reduced by 29 per cent from N10.363 billion to N7.34 billion. However, the lender ended the H1 with profit after tax of N39.6 billion, which is flat compared with N39.5 billion posted in 2017. Return on

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

average equity (ROAE) stood at 16.2 per cent while return on asset is 1.9 per cent. A further analysis of the results showed that asset base of the bank remained strong with total assets of N4.37 trillion as at June, from N4.1 trillion December, 2017. Loans and advances stood at N2.0 trillion compared with N2.06 trillion in December. Commenting on the results, Group Managing Director/ CEO, Mr. Herbert Wigwe said :“The Group reported top line

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 2908-2018, unless otherwise stated.

earnings of N253 billion, up three from the corresponding period in 2017, demonstrating the implementation of our strategy, notwithstanding the challenging operating environment. We recorded strong growth of 15 per cent in our interest income to N187 billion from N162 billion in H1’17, and an increase of 21 per cent in transaction banking income to N30.1 billion from N24.8 billion, as we continued to penetrate and deepen our market presence

in the retail space. “However, the growth in interest and transaction banking income did not compensate enough for the significant decline in trading and foreign exchange income, which supressed operating income for the period. Thus, consolidated profit before tax for the half year ended June 2018 came in at N45.8 billion, from prior year’s figures of N52 billion.” According to him, the bank continued to deliver

on cost, capital and credit quality, saying “Operating expense reduced by six per cent from the corresponding period to N98.2 billion from N105.1 billion highlighting the effectiveness of our effort to systematically reduce our cost profile. Cost of risk came in at 0.6 per cent from 1.1 per cent in H1’17, and we remain financially robust, as underlined by our strong capital and liquidity ratios of 20.8 per cent and 43.2 per cent respectively.”

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 169.25 169.78 -4.80% Nigeria International Debt Fund 264.34 264.91 14.23% 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 0.83 0.84 1.29% ACAP Income Funds 0.63 0.63 4.83% 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 12.30% 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 17.81 18.35 -2.53% ARM Discovery Fund 374.65 385.94 -3.71% ARM Ethical Fund 28.50 29.36 4.33% ARM Money Market Fund 1.00 1.00 12.33% 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 140.60 141.58 -7.31% AXA Mansard Money Market Fund 1.00 1.00 12.01% 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 10.71% Paramount Equity Fund 11.82 12.12 6.59% Women's Investment Fund 103.40 106.06 2.76% 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 12.33% 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 N/A N/A N/A Coronation Balanced Fund N/A N/A N/A Coronation Fixed Income Fund N/A N/A N/A EDC FUNDS MANAGEMENT LIMITED mutualfundng@ecobank.com Web: www.ecobank.com Tel: 012265281 Fund Name Bid Price Offer Price Yield / T-Rtn EDC Nigeria Money Market Fund Class A 100.00 100.00 12.13% EDC Nigeria Money Market Fund Class B 1,000,000.00 1,000,000.00 10.87% FBNQUEST ASSET MANAGEMENT LTD invest@fbnquest.com Web: www.fbnquest.com/asset-management; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-Rtn FBN Fixed Income Fund 1,187.38 1,188.12 9.72% FBN Heritage Fund 142.58 143.56 2.07% FBN Money Market Fund 100.00 100.00 12.12% FBN Nigeria Eurobond (USD) Fund - Institutional $113.78 $114.15 3.23% FBN Nigeria Eurobond (USD) Fund - Retail $113.56 $11393 3.13% FBN Nigeria Smart Beta Equity Fund 160.82 163.12 0.61% 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 1.26 1.28 -2.80% Legacy Debt Fund 3.13 3.13 8.38% 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 N/A N/A N/A Coral Income Fund N/A N/A N/A 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 12.06% Nigeria Entertainment Fund 102.57 104.17 2.91% 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 11.90% Vantage Balanced Fund 2.13 2.15 0.86% Vantage Guaranteed Income Fund 1.00 1.00 14.17% Kedari Investment Fund (KIF) 121.24 121.51 5.37%

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 1.19 1.21 3.54% Lotus Halal Fixed Income Fund 1,071.50 1,071.50 8.62% 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 11.97 12.07 -8.06% Meristem Money Market Fund 10.00 10.00 10.74% 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 1.33 1.35 11.70% PACAM Fixed Income Fund 11.85 11.93 7.43% PACAM Money Market Fund 10.00 10.00 12.60% 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 127.82 128.39 -1.40% 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 1.63 1.63 9.94% 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 2,297.05 2,312.89 2.34% Stanbic IBTC Bond Fund 185.64 185.64 5.21% Stanbic IBTC Ethical Fund 0.98 0.99 -2.48% Stanbic IBTC Guaranteed Investment Fund 239.37 239.42 8.69% Stanbic IBTC Iman Fund 168.92 170.86 -5.67% Stanbic IBTC Money Market Fund 100.00 100.00 11.65% Stanbic IBTC Nigerian Equity Fund 8,899.74 9,007.91 -8.03% Stanbic IBTC Dollar Fund (USD) 1.08 1.08 2.35% 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 N/A N/A N/A United Capital Bond Fund N/A N/A N/A United Capital Equity Fund N/A N/A N/A United Capital Money Market Fund N/A N/A N/A United Capital Eurobond Fund N/A N/A N/A United Capital Wealth for Women Fund N/A N/A N/A 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 12.31 12.50 -1.77% Zenith Ethical Fund 12.94 13.07 -1.98% Zenith Income Fund 20.81 20.81 9.95% Zenith Money Market Fund 1.00 1.00 11.05%

REITS NAV Per Share

Yield / T-Rtn

11.41 137.71 51.52

1.01% 3.96% 1.36%

Bid Price

Offer Price

Yield / T-Rtn

11.49 129.25 99.94

11.59 132.00 101.82

-3.21% -9.51% -8.52%

Fund Name FSDH UPDC Real Estate Investment Fund SFS Skye Shelter Fund Union Homes REIT

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

SPECIALIST FUNDS*

funds@vetiva.com Bid Price

Offer Price

Yield / T-Rtn

4.35 8.18 16.40 17.01

4.39 8.26 16.50 17.21

-8.22% -14.49% -6.21% -13.48%

143.27

145.27

6.49%

NAV Per Share

Yield / T-Rtn

105.44

17.63%

FOR HNI & PROFESSIONAL INVESTORS ONLY

Fund Name Chapel Hill Denham Nigeria Infrastructure Debt Fund

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.

FRIDAY AUGUST 31, 2018 ˾ T H I S D AY

FOREIGN/DIPLOMATIC AFFAIRS

Editor: VINCENT OBIA vincent.obia@thisdaylive.com 0805 468 1757

Hollingbery: We Want to Renew Our Relationships with Nigeria British Minister for Trade Policy George Hollingbery speaks during a ﬁnancial services event at the FMDQ OTC Securities Exchange in Lagos, August 29, 2018, as part of Prime Minister Theresa May’s one-day visit to Nigeria. Below is the transcript of the speech, exactly as it was delivered.

hank you all for coming today which is a particularly exciting one for me. I have always been an ‘Africa’phile - if you’ll excuse the term - and have returned again and again over the last 30 years. In over 20 trips I have spent time in 12 countries, and today I proudly add another to that list albeit on a, literally, flying visit. I have always wanted to visit Nigeria, the continent’s largest economy and truly a nation of the future – set to become the world’s third most populous nation by 2050. This country is rapidly ascending a path that will lead it to becoming nothing less than an African “powerhouse economy”. And I’ve particularly wanted

and secure world.

to visit Lagos, one of the most exciting and vibrant cities in all of Africa. In fact, I am told that if Lagos itself was a country, it would be the continent’s fifth largest economy. It is certainly the coding capital for the whole continent and the undisputed finance and technology hub of Nigeria. So it is particularly appropriate that we are being hosted here in the new premises of FMDQ, which, in just five years, has driven financial innovation in Nigeria and established itself at the heart of the financial architecture of the country. The Current Relationship This event – to explore deeper collaboration between UK and Nigerian businesses – is a testament to the strength of

Hollingbery

the relationship already in place between Nigeria and the UK. Some of the UK’s most wellknown firms – Unilever, Shell, Diageo and British Airways, to name but a few – have had a long and successful presence here.

CHANGE OF NAME

I, formerly known and addressed as OBANOR EGHOSA DEBORAH, now wish to be known and addressed EHOSA as OBANOR All former DEBORAH. documents remain valid. The general public should take note.

PUBLIC NOTICE

CHRIST MERCY REVIVAL MINISTRY

This is to inform the General Public that the above named Trustees has ĂƉƉůŝĞĚ ƚŽ ƚŚĞ ŽƌƉŽƌĂƚĞ ī ĂŝƌƐ ŽŵŵŝƐƐŝŽŶ ĨŽƌ ZĞŐŝƐƚƌĂƟ ŽŶ ƵŶĚĞƌ WĂƌƚ ŽĨ ŽŵƉĂŶŝĞƐ ĂŶĚ ůůŝĞĚ DĂƩ ĞƌƐ Đƚ͖ ϭϵϵϬ͘

TRUSTEES ARE:

ϭͿ WĂƐƚŽƌ ^ƵŶĚĂǇ ůĨƌĞĚ ϮͿ DƌƐ ZŽŶŬĞ ĚĞĚĞũŝ ϯͿ DƌƐ /ŚƵŽŵĂ KŬŽƌŽĂĨŽƌ ϰͿ WĂƐƚŽƌ ;DƌƐͿ ŽƐĞ ůĨƌĞĚ

ϱͿ WĂƐƚŽƌ ŵŽƐ KŬŝďĞ ϲͿ DƌƐ dĂŝǁŽ ĚĞ KũŽ ϳͿ ĂƌƌŝƐƚĞƌ ŶƚŚŽŶǇ KŶƵŽƌĂ

AIMS AND OBJECTIVES:

ϭͿ tŽƌƐŚŝƉ ϮͿ ŽƵŶƐĞůůŝŶŐ ϯͿ ŝƐƚƌŝďƵƟ ŽŶ ŽĨ ǀĂŶŐĞůŝĐĂů DĂƚĞƌŝĂůƐ ϰͿ ŽŵŵƵŶŝƚǇ ĚĞǀĞůŽƉŵĞŶƚ ĂŶĚ ůŝĂƐŽŶ ǁŝƚŚ ƐŝŵŝůĂƌ ŽƌŐĂŶŝǌĂƟ ŽŶƐ ŶǇ ŽďũĞĐƟ ŽŶ ƚŽ ƚŚĞ ƌĞŐŝƐƚƌĂƟ ŽŶ ƐŚŽƵůĚ ďĞ ĨŽƌǁĂƌĚĞĚ ƚŽ ƚŚĞ ZĞŐŝƐƚƌĂƌ 'ĞŶĞƌĂů͕ ŽƌƉŽƌĂƚĞ ī ĂŝƌƐ ŽŵŵŝƐƐŝŽŶ WůŽƚ ϰϮϬ͕ dŝŐƌŝƐ ƌĞƐĐĞŶƚ͕ Kī ŐƵŝǇŝ /ƌŽŶƐŝ ^ƚƌĞĞƚ͕ DĂŝƚĂŵĂ͕ ďƵũĂ ǁŝƚŚŝŶ Ϯϴ ĚĂǇƐ ŽĨ ƚŚŝƐ ƉƵďůŝĐĂƟ ŽŶ͘

^ŝŐŶĞĚ͗

A. O. ONUORA Esq

PUBLIC NOTICE

ASSOCIATION OF BANKS’ LEGAL ADVISERS & COMPANY SECRETARIES CAC/IT/NO 110718

EKd/ /^ , Z z '/s E dK d, ' E Z > Wh >/ d, d d, Ks E D ^^K / d/KE , ^ WW>/ dK d, KZWKZ d && /Z^ KDD/^^/KE ; Ϳ͕ h: &KZ d, &K>>Kt/E'͗

ŝ͘ D E D Ed K& d, /D^ E K : d/s ^ K& d, ^^K / d/KE K& E<^͛ > ' > s/^ Z^ Θ KDW Ez ^ Z d Z/ ^͖ E ŝŝ͘ >d Z d/KE K& d, KE^d/dhd/KE z D E D Ed dK Zd/ > Ϯ͕ Zd/ > ϲ E Zd/ > ϵ͘ Ez K : d/KE;^Ϳ dK d, D E D Ed K& d, KE^d/dhd/KE ^,Kh> &KZt Z dK d, Z '/^dZ Z ' E Z > W>Kd ϰϮϬ d/'Z/^ Z ^ Ed K&& 'h/z/ /ZKE^/ ^dZ d W͘D͘ ͕ D /d D ͕ h: t/d,/E Ϯϴ z^ &ZKD d, d K& d,/^ Wh >/ d/KE͘

^ŝŐŶĞĚ͗

SECRETARY

I formerly known as MISS UCHENNA KALU, Now wish to be known and addressed as MRS UCHENNA EREM. All other documents remain valid. General public please take note. I formerly known as OBIAGWU NANCY AMARACHI, Now wish to be known and addressed as OBIAGWU JOY AMARACHI. All other documents remain valid. General public please take note.

I formerly known as ABANOBI OGOCHUKWU GLORIA FAVOUR, Now wish to be known and addressed as NWANDU OGOCHUKWU GLORIA FAVOUR. All other documents remain valid. General public please take note. I formerly known as MISS MARTHA AIZEHINOMO ILUMAH, Now wish to be known and addressed as MRS MARTHA AIZEHINOMO NWACHUKWU. All other documents remain valid. General public please take note.

I formerly known as JACK DANIEL IGHO, Now wish to be known and addressed as AMADU PEACE DANIEL. All other documents remain valid. General public please take note. I formerly known as SUCCESS TUNDE JAMES, Now wish to be known and addressed as OGBONNA SUCCESS CHIKUADO. All other documents remain valid. General public please take note.

Others, realising the potential of the opportunities, are now flocking to Nigeria. For example, Prudential Zenith Life has announced that it will expand its “bancassurance” operations from September, entering into a further 70 Zenith Bank branches in Lagos and 40 in and around Abuja, increasing Nigerian consumers’ access to life insurance and savings products. Successes like these are reflected in our fast-growing trading relationship. UK-Nigeria trade was worth £4.2 billion in 2017, an extraordinary 23 per cent increase on the previous year. And African firms with a market capitalisation of around £200 billion are now listed in London, helping to make it the world’s most international exchange. Looking Outward to the World This event is also a testament to our shared outlook – international, globally minded and innovative. And as the UK prepares to exit the European Union in 2019, I want to make it clear that this outlook will not change. Far from wishing to build barriers, it is through leaving the European Union that we seek to strengthen our relationships with key economic partners like Nigeria. We want to renew our relationships, strengthen our economic ties and look to the future. This is what we mean by a Global Britain. And as such, it is our sincere ambition to create a successful, supportive and mutually beneficial partnership with partners like Nigeria. Indeed, this is what the Department for International Trade (DIT) was established to do and here, in West Africa, we have been growing our presence, focused on Nigeria, with just this purpose in mind. Quite simply, a more prosperous and secure Nigeria means a more prosperous and secure UK – and a more stable

Business Relationships Of course, businesses are looking for more than just warm words. They need certainty to allow them to make their investment decisions. And, as such, I’m delighted to tell you that I have just come from a meeting between Prime Minister May and President Buhari, where I signed a Memorandum of Understanding with Minister Udoma Udo Udoma to launch the UK-Nigeria Economic Development Forum. This provides a more structured mechanism through which to identify and address barriers to bilateral trade and is an important first step in creating the stability and predictability in the business environment that we are all seeking. And today’s event is all about building new business to business relationships which can ensure firms in both our countries can reach their potential. Financial Services And it is perhaps in the financial services sector that the opportunities are most tangible. Access to London’s deep global capital pool is already a key component of Nigeria’s continuing development – as the major successes of Nigerian bond listings attest to. This is testimony both for the City’s capacity to raise finance, and vote of confidence from international investors in Nigeria’s future. And I particularly welcome the announcements today that Dangote Cement plans to list on the London Stock Exchange (LSE) in the near future and that Seplat will be launching a London based Eurobond. Further, the fact that David Schwimmer, the CEO of the LSE, has chosen to join us here today is testament to the importance that the Exchange attaches to these Nigerian listings. And finally, that our own Financial Conduct Authority is committed to exploring collaboration with the Central Bank of Nigeria on regulatory framework to support innovation. This is truly a two-way relationship. And we are determined to develop greater access for Nigerian firms to the first-class professional services available across the City of London in addition to that provided by the LSE. I hope those Nigerian firms represented here today will take the opportunity to speak to senior representatives from the City of London in attendance – not least the Lord Mayor of the City of London, Charles Bowman, who will speak to you in a moment.

But the UK’s offer does not end with financial services – far from it. Other Services We have a world class business-friendly regulatory environment and are home to some of the world’s leading international research institutions and universities. Our mutual use of English Common Law makes Nigeria and the UK natural partners in collaboration on legal services. First-class legal advice is a key component of the City of London’s attraction for companies looking to access finance. As such, I am delighted that members, and indeed clients, of our top “Magic Circle” law firms are with us today to help launch our “Legal Services are GREAT” campaign in Nigeria. Whether in sharing best practice, advising on regulatory and legal reforms, facilitating finance or sourcing world class financial and related services professionals, we want you to see the UK as a delivery partner of choice for Nigeria’s future development. Credit The UK also has an unbeatable export credit offer. UK Export Finance, our world leading credit agency, has up to £750 million available for Nigerian initiatives – and a large development finance offer. This means that firms in Nigeria can get loans or Naira denominated credit guarantees when buying British products. And the UK’s development investment arm, CDC, has a portfolio worth over $350 million in Nigeria and a further $125 million investment was announced by the Prime Minister today. The potential for broadening our regulatory dialogue – to share knowledge, build capacity and technical know-how – is also substantial. With all this in mind, I hope we can agree that today’s event is a crucial next step to explore how UK and Nigerian businesses can better cooperate to advance prosperity in both our countries. And as we continue our discussions today I want us to do so with the context in mind: The UK is a long-standing friend of Nigeria – and we are determined to build on the strong foundations that already exist. All of us here today – whether UK or Nigerian, in the public or the private sector, have a role to play – to come together to help us realise our core vision: to create the new markets, trade and growth that Nigeria and the UK needs, and to help build a more secure and more prosperous world.

˾ FRIDAY, AUGUST 31, 2018

WORLD OF ISLAM

Edited by: MJO Mustapha Email deji.mustapha@thisdaylive.com

After Hajj: Signs of Acceptance and Fulfillment IslamCity/MuslimVillage/Inter-Islam

nce again more than one and a half million believers were honored to become the “Guests of Allah” and through Divine Guidance have completed the rituals of Hajj with great love and enthusiasm. How fortunate are those souls who are blessed with the following words from Rasulullah (Allah’s peace be upon him): “Whoever performs Hajj for the Pleasure of Allah and therein utters no word of evil, nor commits any evil deed, shall return from it (free from sin) as the day on which his mother gave birth to him.” (Bukhari, Muslim) “Verily there shall be no reward for a Mabroor (Accepted) Hajj except Jannah.” (Bukhari, Muslim) It is hoped that all the Pilgrims were sincere in their intentions and had travelled thousands of miles only to secure the Pleasure of Allah by fulfilling the obligation laid down upon them. May Allah the Almighty grant all the Pilgrims acceptance and grant them opportunity again and again to visit the Sacred Land. Ameen Ya Rabbal A’lameen. Nevertheless, we wish to draw the attention of the Pilgrims towards certain points that are necessary and of utmost importance to observe about which many Pilgrims seem to attach little importance. Firstly, the sincerity of intention should remain even after the performance of Hajj. There should be no pomp or show. One should not wish to be called or recognized as a Haji. Many people adopt the habit of talking frequently about their journey in order that people may come to know of their Hajj. They talk about the expenses incurred in the way of Allah, their charity amongst the poor and needy, their devotion and worship, their assisting the weak and old, etc. and all this is mentioned with the intention of gaining fame. This is a deceit from Shaytan who ruins the Ibadah (worship) of the person who is unaware of it. It is therefore of great importance that the Pilgrim does not talk about his/hers Hajj without necessity as it may lead to Riya (show, insincerity). However, if necessity arises and one must talk about his/hers Hajj then he/ she is at liberty to do so. But, the Pilgrim must not indulge in this type of conversation unnecessarily. Secondly, it is noted through experience that many Pilgrims return with nothing but the sad memories to reflect upon and this darkness filters through their tongues to the extent that they talk only about the hardships they have encountered during Hajj. The Pilgrims should strictly refrain from this. On the contrary, they should talk about the greatness of the Sacred Places, the spiritual gains, the enjoyment in devotions of Haramayn – Umrah, Tawaf, Salam on the Sacred Grave, Salah in Masjidul Haram and Masjidun Nabawi etc. If one looks at his/hers journey of Hajj carefully he/she will

find that the spiritual benefits far outweighs the physical hardships. Every second spent in these Sacred Places is incomparable with anything in the world. The journey to Hajj is a long journey; one has to travel by air, pass the immigrations, go through the customs, encounter people who speak foreign languages, etc. In these circumstances, difficulties are certain to arise. When we travel in our country, do we always travel with comfort and ease? Do we never encounter difficulty? Do we not find ourselves held up in traffic for hours on a Motorway? Considering the fact that 3-4 million Pilgrims perform the rituals of Hajj at one time, in one place and that they all come from different countries and backgrounds and that many of them have never before used or seen the facilities available to them, we think the difficulties encountered are insignificant. Moreover, the Pilgrims are rewarded abundantly by Almighty Allah upon every difficulty encountered in their journey whereas the same is not the case whilst we undertake other journeys. Those people who engage in these types of conversation become the cause of discouragement to others who have not yet had the opportunity to perform Hajj. These unfortunate Pilgrims fall into the category: “…and who stop (men) from the way of Allah, and from the Sacred Masjid,…” mentioned in Surah Al-Hajj (22:25) in the Holy Quran. They should take heed that if people are discouraged by their conversation and postpone their Hajj then those who have discouraged them will be in part responsible. Thirdly, the sign of a `Mabroor Hajj‘ or `Accepted Hajj‘ is that upon one’s return, his/her life changes from worst to good. He/She becomes totally punctual in fulfilling the commands of Almighty Allah. His/ Her love and inclination towards the Hereafter increases and love for the worldly pleasure decline. Therefore, it is essential that the Pilgrim is watchful over his/hers actions and conversations and should try his/her utmost to instill in himself/herself good characters and refrain from all types of evil. He/ She should endeavour to fulfil the obligations laid down by Almighty Allah and avoid all the things forbidden by Him. He should be punctual with the recitation of the Holy Quran and in performing his five times Salah with Jama’ah in the Masjid. Fourthly, the Pilgrim should adopt the Sunnahs of our Prophet Muhammad (Allah’s peace be upon him) especially with regards to males appearance i.e. his clothes, his beard, and so on. The ladies must also dress according to the Laws of Islam, especially the wearing of the Hijab. Finally, those who have returned from Hajj should encourage and persuade other relatives and friends upon whom Hajj is compulsory (Fardh) to start making preparations from now and to go and perform this great duty of Hajj next year.

Hijrah – An Event That Changed the Course of Human History By: Aslam Abdullah/IslamiCity Medina was still a city with a non-Muslim majority as the total number of Muslims in Medina some 1437 years ago was not more than 75. Yet, at the command of God, Prophet Muhammad (pbuh) and his companion Abdu Bakr (rta) traveled to this city to implement the divine guidance for a better society. Why did God choose Medina to be the city to establish a society based on divine ideals? Why was this not done in Makkah, the city where the House of Allah was built by the patriarch of monotheism, Ibrahim (pbuh). A simple answer that is often given by many is that the Prophet was persecuted in Makkah and the political climate there was not ripe enough to grow Islam, hence the Prophet moved to a city that was more open to his ideals. Messengers and Prophets never turn their back on people they are sent to guide nor do they run away from persecution. They endure and stay their ground. So it was not persecution that led the Prophet to Medina. It was primarily to prove that the divine guidance is not limited to a particular place or a particular town. It can be lived anywhere in the world regardless of the number of people who adhere to the message. In fact, the migration demolished several practices and myths that the world had entertained for ages and has been entertaining even today. It demolished the false division between the house of peace (Dar al-Amn) and house of war (Dar al-Harb). It demolished the division between Land of Islam and Land of Kufr (unbelief). It proved the idea that everything that exists was created

by God and He is in control of everything. He is the owner of everything that is out there in our universe. It also proved the point that regardless of the number, the divine guidance needs to be shared with everyone. Medina promoted the idea of a plural society with respect to all. What happened in Medina after the arrival of the Prophet was something unique and unheard of in a society that was divided on tribal lines. Upon his arrival in Medina, The Prophet invited the major tribes to come together and sign a covenant to ensure the interests of all. The covenant also known as the constitution of Medina promoted the idea of common citizenship for the people living in Medina, regardless of their ethnic or religious backgrounds. All were referred to as one umma or nation. The Prophet made the security of the people of Medina a top priority and the signatories were asked to participate in the defense of the city as one people. Moreover, they were assured that if one of them were killed while defending the city, the entire population would take care of the family of the fallen. This is what one calls insurance in modern terminology. The covenant also ensured that each religious community was given autonomy in dealing with its affairs according to its religious ideals and traditions. Each was guaranteed the freedom to practice its own religious, family and personal law provided it did not infringe upon the rights of others. The Prophet also ensured that the rights of women and weaker sections of society were secured. Additionally, he accepted the right to dissent with the covenant when four tribes of Awas refused to sign the treaty.

FRIDAY AUGUST 31, 2018 ˾ T H I S D AY

NEWS

Group News Editor Ejiofor Alike Email Ejiofor.Alike@thisdaylive.com, 08066066268

FAAC: New Template for NNPC Remittances Soon Sets up committee on excess crude rule Francis Ndubuisi A new template for remittances into the Federation Account by the Nigerian National Peteoleum Corporation (NNPC) will soon be in place, the Minister of Finance, Mrs. Kemi Adeosun, has said. President Muhammadu Buhari last month ordered a new template following the spate of stalemates that trailed FAAC meetings occasioned by the rejection of NNPC revenue

figures. Briefing journalists at the end of the monthly FAAC meeting where the three tiers of government distributed revenue for July, Adeosun stated that a new template would be ready before the next FAAC meeting. She said the committee putting in place a new template was at an advanced stage of completing its work. The said, “a committee for the revenue reporting template for the NNPC and

the Federation Account will be ready before the next meeting. It will define the flow of revenue to the federation account. “We have also set up a committee chaired by the Delta State Commissioner for Finance, David Edevire, to come out with rules on our Excess Crude to ensure that we have a rule base on Excess Crude Account

FG, states, LGs share N714bn (ECA) and will report back to the committee next month. “The issue of template is meant to achieve a reliable template for revenue reporting for NNPC. Revenue reporting to FAAC from NNPC really has not been up to date in the past 10 years, and this new template will reduce deficiencies. “That is why the president directed that we should come

up with a new template; we are making progress. We are working with DPR, NNPC and other stakeholders, so we have made some significant progress. “One of the things the president directed after the standoff two months ago, was that before FAAC, NNPC and FAAC should sit down and go through the figures and that meeting now holds on

Tuesdays before FAAC, we sat down with NNPC, Office of the Accountant General of the Federation, Home Finance and we go through the figures to iron out issues before FAAC. As a result, we have fewer reconciliation than we had before.”

Cont’d on page 51

Buhari Leaves Nigeria for China Today Omololu Ogunmade in Abuja President Muhammadu Buhari will today (Friday) depart for China to participate in the seventh Summit of the Forum on China-Africa Cooperation (FOCAC) scheduled to hold on September 3 and 4, 2018, in Beijing. Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, in a statement said the president’s first engagement in Beijing would be an interactive session with the Nigerian community in China at the Nigerian embassy. According to him, before the formal opening of the FOCAC summit, Buhari, in his capacity as the current Chairman of Economic Community of West African States (ECOWAS), will deliver a speech at the high-level dialogue between Chinese and African leaders, business representatives and African entrepreneurs. He also said the president is scheduled to join Chinese President, Xi Jinping, and other African leaders at the opening and roundtable sessions of 2018 FOCAC Beijing Summit with the theme: ‘Towards an even Stronger China-Africa Community with a shared Future’. Shehu also said after the FOCAC summit, Buhari will hold bilateral meetings with Jinping and Chinese Prime Minister, Li Keqiang, to discuss infrastructure financing for strategic projects in Nigeria and the upgrading of NigeriaChina relations “from strategic partnership to comprehensive strategic partnership.” The presidential aide also said Buhari would use the occasion of his audience with the Chinese leadership to assess the progress made so far in Chinese interventions in Nigeria’s key priority infrastructure projects, particularly the on-going projects in the railway and power sectors. He added: “It is noteworthy that since the last FOCAC VI summit in Johannesburg, South Africa, in December 2015-the first attended by the Nigerian leader-and his successful state visit to China in April 2016, the current administration has pushed forward practical cooperation with China in the areas of infrastructure construction, trade, investments, finance, power, agriculture,

education cooperation, among others. “It would be recalled that President Buhari has consistently acknowledged Chinese support for infrastructure development in Nigeria.” Shehu recalled that in January 2018, while receiving the Board of Directors of the Nigeria Economic Summit Group, the president said: “We send our gratitude to the Chinese for all their support to Nigeria. Since independence, no country has helped our country on infrastructural development like China. In some projects, the Chinese help us with 85 percent payment and soft loans that span 20 years. No country has done that for us.’’ According to the statement, Buhari will be accompanied to Beijing by his wife, Aisha, who is scheduled to participate in a ‘Spouses’ Programme’ on China-Africa at the Great Hall of the People, with the theme: ‘Joining Hands for a Future of AIDS’. Others listed to be part of the trip are Governors Mohammed Abubakar, Akinwunmi Ambode, Mohammed Abubakar and Rochas Okorocha of Bauchi, Lagos, Jigawa and Imo States respectively. Also joining the trip are Senators Abdullahi Adamu, George Akume, Godswill Akpabio and Aliyu Wamakko who represent Nasarawa, Benue, Akwa Ibom and Sokoto States respectively in the Senate. Others are the Minister of Foreign Affairs, Geoffrey Onyeama; Minister of Transport, Rotimi Amaechi; Minister of Power, Works and Housing, Babatunde Fashola; Minister of Federal Capital Territory (FCT), Muhammad Bello; Minister of Industry, Trade and Investment, Okechukwu Enelamah; Minister of Budget and National Planning, Udoma Udo Udoma; Minister of Water Resources, Suleiman Adamu; Minister of State, Petroleum Resources, Ibe Kachikwu, and Minister of State for Aviation, Hadi Sirika. Also going with the president are the National Security Adviser, Babagana Monguno; Director General, National Intelligence Agency, Ahmed Abubakar, and the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Maikanti Baru.

THIS IS OUR CHOICE...

L-R: Governor Rauf Aregbesola of Osun State; All Progressives Congress (APC) candidate in the September 22 governorship election in Osun State, Alhaji Isiaka Gboyega Oyetola, and President Muhammadu Buhari when Oyetola was presented to the people at the PHOTO: STATE HOUSE stakeholders’ dinner the President hosted on Osun election yesterday at Aso Rock, Presidential Villa, Abuja...yesterday

Soyinka Berates Buhari over Comments on Rule of Law Ugo Aliogo

Nobel laureate, Professor Wole Soyinka, yesterday berated President Muhammadu Buhari over his statement that national security and interest were supreme to the rule of law. Soyinka, in a statement which he titled: ‘Buhari’s Pernicious Doctrine’ likened the declaration by the president to an attempt at tampering with democracy which he however warned would fail. He described the president’s comment as an advance warning of his dictatorial tendencies which he plans to unleash on Nigerians. Buhari had sparked outrage with his statement while addressing the opening ceremony of the 2018 Annual General Conference of the Nigerian Bar Association (NBA) in Abuja last Sunday when he said the security of the country could not be sacrificed on the

altar of the rule of law where national interest was threatened. The president’s comments drew criticisms from the lawyers and Nigerians who condemned his statement in strong terms. But Soyinka mocked the president, saying he had given a deep thought to his travails under a military dictatorship and concluded that his incarceration at that time was also in the ‘national interest.’ Since returning to power in 2015, Buhari’s government has held some Nigerians for years without trial, while high profile detainees have been denied freedom despite court orders. “Here we go again,” Soyinka said. Insinuating that violation of the rule of law was becoming a tradition of the president, the Nobel laureate said: “At his first coming, it was ‘I intend to tamper with Freedom of the Press,’ and Buhari did proceed

to suit action to the words, sending two journalists – Irabor and Thompson – to prison as a reward for their professional integrity. “Now, a vague, vaporous, but commodious concept dubbed “national interest” is being trotted out as alibi for flouting the decisions of the Nigerian judiciary. President Buhari has obviously given deep thought to his travails under a military dictatorship, and concluded that his incarceration was also in the ‘national interest.” “We have cause to be thankful for the advance warning, since not all rulers actually make a declaration of intent, but simply proceed to degrade the authority of the law as part of the routine business of governance,” said Soyinka. “We have been there before. It should be of mere interest, not despondency that this latest proclamation of dictatorial recidivism has also been

made before an assembly of officers of the law, the NBA. We expect a robust response from the NBA as part of its conclusions,” Soyinka said. The Nobel laureate noted that there was no shortcut to democracy, and that the history of law, even where uncodified, is as old as humanity. “Numerous rulers have tried again and again to annul that institution,” he said. “Sometimes, they appear to succeed, but in the end, they pay heavy forfeit. So does society. “The rule of law, however, outlasts all subverters, however seemingly powerful. If the consequences for society in defence of the rule of law were not so costly, any new attempt would be merely banal and boring, hardly deserving of attention. We know, historically, where it will all end,” Soyinka explained.

ACF Urges FG to Rescue Leah Sharibu, Other Chibok Girls Arewa Consultative Forum (ACF) has called on the federal government to rescue Leah Sharibu and other Chibok schoolgirls abducted by Boko Haram insurgents and reunite them with their families. In a statement issued in Kaduna yesterday, ACF noted that the recent audio message of Leah Sharibu was received with a mixture of “grief and

hope,” and urged the federal government to intensity efforts to rescue her. The statement signed by National Publicity Secretary of the forum, Alhaji Muhammad Ibrahim-Biu, also urged all Nigerians not to lose hope in the rescue of the only abducted Dapchi girl in captivity. The statement read: “The ACF has received with grief

and hope the voice alleged to be that of the Dapchi girl, Leah Sharibu, still in the captivity of Boko Haram terrorists who abducted the Dapchi girls in February this year. “If the audio is truly of Leah, it gives hope that the girl is still alive and may be released someday. The assurance given by the federal government that the security agencies are decoding

the alleged audio voice to verify its authenticity is a welcome development and heartening. “ACF, however, urges the federal government to not only fast track the process of verification of the audio, but also utilise its intelligence to trace and rescue Leah and other Chibok girls who have been in the terrorist’s den for the past four years.

FRIDAY AUGUST 31, 2018 ˾ T H I S D AY

NEWS

Showdown Looms over INEC Budget as N’Assembly C’ttees Recommend Virement from Service Vote Deji Elumoye in Abuja The National Assembly and President Muhammadu Buhari may be heading for a showdown on the estimates of this year’s N9.2 trillion budget as the former’s Joint Committee on Electoral Matters yesterday recommended the virement of the N143 billion meant for 2019 polls from the N943.573billion service wide votes provisions in the budget and not from N578billion special votes the federal lawmakers inserted in the budget. President Buhari had in a virement seeking letter forwarded to both chambers of the National Assembly on July 17 requested them to vire N228 billion from the N578billion special votes the federal lawmakers allegedly inserted into the budget for funding of the 1,403 projects they added. The president, in the request, explained to the lawmakers that out of the N228billion, N164billion would be for 2019 elections budget from which N143billion should be appropriated for

the Independent National Electoral Commission ( INEC) this year, while the balance of N64billion would be used for execution of some critical projects . But the National Assembly joint committee on INEC, which had sat for more than six times within two weeks at its final approval of the N143billion election budget for the commission yesterday, declared that the money should be vired from N943. 573 billion service wide votes under the Special Intervention Programme proposed by the executive and not from N578billion special votes meant for the 1, 403 projects added to the budget by the legislature. Chairman of the committee, Senator Suleiman Nazif (PDP Bauchi North), told journalists at the end of its executive session yesterday evening, said: “The committee is suggesting to the leadership of the National Assembly and the Committee on Appropriation to source the funding of this budget through virement from other service-wide votes under the Special Intervention Programme (recurrent) to

ease consideration and avoid increase in the size of the 2018 expenditure frame work.” Nazif, who spoke in the presence of other committee members including the co- Chairman, Hon Aisha Dukku ( APC Gombe), also said a total sum of N200, 272, 500.00 was also reduced from the N143.512billion election budget proposal. The reduced figures, he said, were arrived at from N50million cut from item 64 of the INEC budget proposal; N71million from item 74; N50million from item 125

and N29million from item 167. “Subsequently, after extensive deliberations, the committee reviewed the INEC budget to 143.312.256.955.13, signifying a reduction of N200,272,500.00,” Nazif added. The Joint Committee had last Tuesday constituted a sub-committee to look into the new budget proposal of N143 billion submitted to it by INEC. Nazif had told journalists that INEC has submitted a prioritised budget proposal of N143 billion to the committee. This, he said, was in line

with the committee’s directive to INEC last Monday to adjust its budget proposal from N189 billion to N143 billion approved by the committee. The senator added that the sub-committee had up till last Wednesday to submit its report to the larger committee. He further confirmed that INEC has adjusted its budget for 2019 general elections from N189 billion to N143 billion in compliance with directive from the National Assembly. According to him, INEC has submitted a new budget document reflecting the

sum of N143 billion as originally requested by President Buhari. The Joint Committee had earlier last Monday adopted the N143 billion proposal of President Buhari for INEC to prepare for the 2019 general election. Nazif had told journalists at the end of its executive session that the committee, had deliberated on the election budget proposal before it resolved to adopt the N143 billion recommendation for the electoral body ahead of the 2019 polls.

Buhari, APC Dividing Nigeria, Says Lamido George Okoh in Makurdi

A presidential aspirant on the Peoples Democratic Party (PDP) platform in the 2019 presidential election, Alhaji Sule Lamido, has alleged that President Muhammadu Buhari’s administration has divided Nigeria, and called on Nigerians to reject the divisive manipulation by the All Progressives Congress (APC) to hang on to power. He said the APC-led government has continuously divided Nigerians on ethnic and religious fault line that has never been seen in the country even as he called on the electorate to vote out the APC before they destroy the country completely. Lamido made the call in Makurdi, the Benue State capital, when he visited the state government to declare his intention to run for the presidency of the country. He said the APC runs its platform based on self declaration of “Mr. Integrity” by its leader,

President Buhari, stressing that the high level of corruption under this regime is mind-boggling. “Buhari claims to be the only man with integrity in the country while he vilified every other person as corrupt This is not true, and Nigerians will be shocked on the level of corruption by the APC when they are voted out in 2019,” he added. He argued that the PDP is the only party that can bring unity and oneness to the country. The former governor of Jigawa State explained that he is in the race to save Nigeria from collapse due to the poor handling by the APC. “Once you are in the PDP you are a criminal that shouldn’t be dinned with but when such person crosses over to APC he becomes a saint,” Lamido added. Lamido also berated the Buhari-led administration for the spate of killings all over the country.

Tambuwal Picks PDP Presidential Nomination Form Governor Aminu Tambuwal of Sokoto State yesterday picked the presidential nomination form of the Peoples Democratic Party (PDP). The politician, who defected from the ruling All Progressives Congress (APC) to the PDP earlier in the month, stormed the Wadata Plaza headquarters of the opposition party in Abuja with his supporters yesterday evening. He arrived at the place around 6p.m. and left about an hour later. He told reporters that he was confident that the party leaders would conduct credible primary if the aspirants did not agree on a consensus candidate.

“I can’t say there is no need for consensus; it is part of democratic process. If there is a possibility of it, why not? If it is not possible, then, we all go for the primary,” he said. “But I believe that PDP of today is capable of organising free, fair, credible and transparent primaries.” Tambuwal, according to TheCable, said going by his antecedents, he had the capability to confront the All Progressives Congress (APC) and its likely candidate. “I believe you need to check back my political antecedents. I have always confronted with this kind of hostile environment,” he said.

HOLY VISIT...

L-R: Catholic Archbishop of Abuja, John Cardinal Onaiyekan; Bishop Callistus Valentine Onaga of Enugu Diocese; Auxiliary Bishop-elect, Catholic Diocese of Enugu, Monsignor Ernest Obodo; Governor Ifeanyi Ugwuanyi of Enugu State; Apostolic Nuncio to Nigeria, Archbishop Antonio Guido Filipazzi, and Catholic Archbishop of Benin and President of the Catholic Bishops’ Conference of Nigeria, Most Rev. Augustine Akubueze when the clerics paid a courtesy visit to the governor at the Government House, Enugu...yesterday

Flood Kills Three, Submerges Houses in Kano Ibrahim Shuaibu in Kano

No fewer than three people were reported to have died and several houses submerged in Kiru Local Government Area of Kano State following a heavy rainfall last Monday. The details of the flood incident was scanty and the

Kano State Emergency relief Agency (SEMA) declined to respond on the incident but disclosed that it has dispatched assessment team to eight local government areas affected by flooding. The agency said already the team had visited seven out of the eight local government areas ravaged by

the disaster. Speaking with journalists yesterday, the Executive Secretary of the agency, Alhaji Ali Bashir, listed the local government areas affected to include Rimin Gado, Tofa, Dawakin Tofa, Gwarzo, Danbatta, Kabo, Gezawa and Gabasawa. He also declined to state the

number of people affected by the disaster, adding that after the assessment, the agency would make a comprehensive report for onward submission to the state government. “We cannot give you the exact number of persons or houses affected until after we finish the assignment,” he said.

Poisonous Rice: Ebonyi Reopens Abakaliki Mill Benjamin Nworie in Abakaliki Following the closure of the Abakaliki Rice mill over the discovery of adulterated and poisonous rice in the mill last Tuesday, the Ebonyi State Government yesterday directed the re-opening of the mill after its preliminary investigations revealed that about 10 shops were involved in the sale of the poisonous rice in the mill. The mill was closed down by the state government after it discovered that some millers were selling adulterated rice not fit for human consumption. In a joint press briefing in Abakaliki, the Senior Special Adviser to Governor David Umahi on Internal Security, Kenneth Ugbala, said 10 shops where the adulterated rice was discovered would remain sealed, pending the conclusion of investigations by security agencies.

He said the committee set up by the state government to investigate the matter had swung into action by visiting the market last Tuesday and yesterday where it seized the suspected adulterated and poisonous rice. Ugbala, who is the Chairman of the Committee, further said the market has been rid of all the suspected adulterated rice and assured the state that Abakaliki rice is still very safe and fit for consumption. He said the reopening of the market is to ensure that the traders and customers both from within and outside the state did not suffer untold hardship. In his remarks, the Commissioner for Environment, Donatus Njoku, said the committee seized over 378 bags of the poisonous rice, which was imported into the state from other parts of the country. The commissioner explained

that a staff of the ministry went to the market on Sunday to purchase rice, had noticed that one of the millers was mixing the rice with bags written not for human consumption and re-bagging them. Njoku said the staff reported to him on Monday and he made preliminary investigations before reporting the matter to the State Executive Council (SEC), which ordered for the closure of the market and also set up the committee to investigate the matter. Meanwhile, the state government has announced the suspension of the leadership of the Abakaliki Rice Millers Association headed by Joseph Ununu, stating that an interim leadership will be set up to manage the association’s affairs till further notice. The suspension of the embattled rice millers’ chairman was said to be unconnected with

his aspiration to contest for the Abakaliki South constituency in 2019. Ununnu was said to have refused entreaties from some major stakeholders in the state to step down for the incumbent, Luke Nkwegu. However, THISDAY gathered that Ununu was arrested and whisked away from the state by men of the Nigeria Police. Though Ugbala noted that the state government was not aware of any arrest, he however debunked the insinuation that the travail of the embattled chairman was politically motivated, stressing that the state government is only interested in saving the lives of Ebonyi people and Nigerians who eat the rice daily. Meanwhile, the spokesman of the Ebonyi State Police command, Loveth Odah, disclosed that one of the bags of rice has been sent to NAFDAC for experts analysis to confirm if it’s poisonous or not.

FRIDAY AUGUST 31, 2018 ˾ T H I S D AY

NEWSEXTRA

NUJ Embarks on Protests against Attacks on Journalists, Media Houses Segun Awofadeji in Bauchi and Emmanuel Ugwu in Umuahia The state chapters of the Nigerian Union of Journalists (NUJ) yesterday embarked on peaceful protests against the attacks on journalists and media houses across the country. The protests were carried out in response to a directive by the national secretariat of the NUJ for a day of protest to be observed in all the states and FCT “to raise awareness and gain more support for the fight against incidents of impunity against the media” In Bauchi State, the union condemned what it described as the ongoing attacks on journalists and media houses, particularly the recent demolition of Fresh FM, Ibadan, by the Oyo State Government, describing the act as reckless. The Chairman of the council, Ibrahim Mallam Goje, told journalists at the Council’s Secretariat in Bauchi that NUJ was worried by the constant harassment of journalists and media houses across the country by various governments. According to him, “the Nigeria Union of Journalists (NUJ) is particularly disturbed by the seemingly deliberate efforts of some governments and their agents to ceaselessly attack and assault some sections of the Nigerian media, as well as preventing such media houses and their journalists from carrying out their legitimate duties under the guise of enforcing the law. “We are particularly alarmed by the reckless action of the government of Oyo State, which demolished the premises of Fresh FM in Ibadan. For whatever reason, the destruction of the media house by agents of Governor Abiola Ajimobi,

owners, noting that such things was insensitive and punitive the struggle for unfettered a crime against humanity; throes of military regime. He reminded the present constitute great assaults on and also an attempt to stifle freedom of the press in the ‘Democracy can’t survive country. Led by the chairman of without the media; ‘Journalism political actors that it would journalism profession. the media,” he said. In his remarks the Goje said the union Abia Council of NUJ, Mr. John is not a crime’; Enough is amount to hypocrisy for them to profess democracy and at the General Manager of Modern condemns such acts of impunity Emejo, the protesting journalists Enough’. Addressing the journalists same time muzzle the media Communications Limited and reiterates its position of marched around the precinct of working with stakeholders to the NUJ Press Centre carrying after the protest march, Emejor which is one of the major pillars (MCL), Mr. Chimdi Oluoha, promote a safer environment placards and chanting solidarity said it was unfortunate that on which democratic governance said that any leader who truly journalists in Nigeria are now is rooted. loves democracy should provide for media organisations and and freedom songs. Some of the placards complaining of intimidation, The Abia NUJ chairman also conducive atmosphere for the journalists to operate. “The media will not be expressing their feelings read: harassment in a democratic condemned the non-payment of media to operate without any intimidated by such callousness ‘Victimisation of journalists is era after emerging from the salaries of journalists by media form of intimidation. of some politicians but would rather remain resolute in promoting positive narrative on the country by encouraging, without departing from a rigorous professional approach, developmental Journalism and Democratic values,” he said. Also speaking, the Deputy National President, Sports Writers’ Association of Nigeria (SWAN), Umar Sa’idu, said attacks on journalists and media houses were attacks on democracy. “We oppose any action, legislation, regulation or political pressure that limits freedom of the press. Acts of intimidation and violence against journalists in Nigeria have to end for democracy to survive because attacks on media institutions and Journalists are attacks against democratic rights, including the right of the public to know the truth about the way they are governed. “We are calling for urgent justice for attacked Journalists in the country through investigation and diligent prosecution of the alleged Minister of Power, Works and Housing, Mr. Babatunde Fashola (left), and Governor-elect, Ekiti State, Dr. Kayode Fayemi, during a courtesy perpetrators,” Sa’idu said. Also journalists in Abia State visit to the minister in Abuja...recently yesterday embarked on protest in their hundreds against what they described as the present suffocating atmosphere and intimidation of the media by government and its agencies. They called on the Nigerian yesterday, Bafarawa described and education. These are the Emmanuel Aguma (SAN), Wike society to rise up and support Ernest Chinwo in Port Harcourt the performance of the APC-led main objectives which form urged all presidential aspirants the bedrock of the manifesto to support whoever emerges Former Governor of Sokoto administration as a disaster. He said as a retired army of our party,” he said. as the PDP candidate because State and presidential aspirant He also said it was healthy power comes from God. on the platform of the Peoples general, Buhari was trained to Democratic Party (PDP), Alhaji handle guns and defend the for the party to have so many aspirants to the office He said, “what we are saying Attahiru Bafarawa, has said country and not to govern. He said that was why the of president, adding that it is that all of us must put our the All Progressives Congress (APC) government failed president has run the country was because of the internal heads together to remove this democracy in the PDP. government that does not mean Nigerians because President aground. persons living with the disease Muhammadu Buhari was He said he was in Port “You people are saying that well for Nigerians. are adolescents contributing trained only to kill as a soldier Harcourt to seek the support, the aspirants are too many, but “Power comes from God. about 3 percent of any new and not to govern. cooperation and advice of the to us in the PDP, the number If God says it is you, there is infection case in the state.” This is as Rivers State party members ahead of the is too small. PDP is a PLC not nothing any man can do about Adabe however, expressed Governor, Nyesom Wike, has party primaries. a limited company. APC is a it. Man can only struggle.” fear that medical services called on all the presidential Addressing journalists limited company. That is why Wike said every member being rendered to people aspirants on the platform of shortly after the party meeting, they run a one-man show,” of the PDP must work as a living with the HIV/AIDS the main opposition party to Bafarawa said his priority if he said. team for the party to emerge in the country are declining forge a common front to sack given the opportunity to be Meanwhile, Wike has called victorious in 2019. due to paucity of funds from “the non-performing APC-led president would be unity of the on all the aspirants in the party He thanked the former donor agency, and thanked federal government”. country, security, the economy to join resources to oust the Sokoto State Governor for his UNICEF for coming up with APC-led federal government. condolence visit and disclosed Addressing members of the and education. the programme to assist the state working committee of the “The most important thing Speaking when Bafarawa that the burial process would state in tackling the spread Rivers State chapter of PDP, at stake now in this country paid him a condolence visit begin on September 12 with a ofthe dreaded disease. local government chairmen is the unity of this country. at Government House, Port lecture on the life and times The UNICEF head of media and other delegates of the We must strive to make this Harcourt over the death of of the late SAN, while actual team in the Kaduan field party at the state secretariat country remain one. The next the state Attorney General burial would be on September office, Rabiu Musa, disclosed of the party in Port Harcourt thing is security, the economy and Commissioner for Justice, 15. during the Keffi meeting that the Kaduna field office has earmarked its 2019 budget work plan for Nasarawa State, even as he continued that the Soldiers and officers indicted that such action would not meted on them in line with troop will behave in that way. government of Nasarawa in the recent mutiny in Borno be tolerated in a disciplined the rules setting us up. Those that have been found to State is in partnership with State are already facing a court organisation like the Nigeria “We will continue to identify be involved have been caught the UNICEF by doing same martial in accordance with the army. bad eggs and deal with them and would be dealt with in to ensure the actualisation of laws setting up the Nigerian He said while it was accordingly. We believe officers accordance with our own laws. the project. Army, the Chief of Army Staff impossible to rule out sabotage should uphold our code of “They were directed to The UNICEF Kaduna field (COAS), Lt. Gen. Tukur Buratai, within the army, those found conduct. When anyone is execute a plan, and if for office media head therefore has disclosed. wanting would be dealt with caught sabotaging us, such whatever reason, they refused tasked media practitioners in Speaking at an interactive strictly in accordance with the person will be dealt with in to do that, they would be dealt the state to monitor PMTCT/ session with editors in military laws. accordance with the military with. They were not the only AYP issues and write reports Abuja yesterday, the army “We have been working to laws,” Buratai said. ones that were moved. So, why that would opportune women chief explained that it was ensure that those caught for On officers who went on should their own be different? and mothers to access facilities unfortunate that officers could sabotaging our operations the rampage in Borno State Our welfare programme has that will stop the transmission disregard an order to move are court martialed and the over posting, he said: “It is always been comprehensive to a particular place knowing appropriate actions have been unimaginable that disciplined and that is what it is.” of HIV/AIDS in the state.

EKITI IN THEIR MINDS...

Buhari Trained to Kill, Not to Govern, Says Bafarawa Unite to oust APC, Wike urges PDP aspirants

4,245 Adolescents Living with HIV/AIDS in Nasarawa, Says NASACA Emmanuel Ukumba in Laﬁa The Nasarawa State Aids Control Agency (NASACA) has said that about 4,245 adolescents in the state were living with HIV/AIDS as of the month of June this year. This was disclosed yesterday by the Executive Director of the NASACA, Dr. Ruth Adabe, in Keffi during a one- day media executives, reporters and producers’ meeting on Prevention of Mother to Child Transmission (PMTCT)/ Adolescents and Young Persons (AYP) Support in Nasarawa State organised by the United Nations Children Fund (UNICEF). The NASACA executive director, who was represented by Dr. Peter Attah, added that out of the total number of the 43,554 persons living with the dreaded disease in the state, 10 per cent were adolescents who contribute about three per cent of every new infection case in the state. He said: “Out of the total number of 43,554 persons living with the HIV/AIDS, 42,550 are receiving anti-virus drugs, where 10 per cent of the total number of the

Buratai: Soldiers Indicted for Mutiny will Face the Law

FRIDAY AUGUST 31, 2018 ˾ T H I S D AY

NEWSEXTRA

School Uniforms from China Cause Cancer, SON Alleges Jonathan Eze The Standards Organisation of Nigeria (SON) has cautioned importers of school uniforms into the country against some cancer-causing substances found in some materials made by two Chinese-based companies - Sing Shun Fat School-Clothier Company and Zenith Uniform Company.

A statement from the office of the Director General of SON, Osita Aboloma, disclosed that the azo dyes, which were found in some school uniforms in Hong Kong contained up to 173 milligrammess and 41 milligrammes per kilogramme of the tested samples respectively, which were well above the maximum allowed in the standard. According to him, use of

the 4-amino azo dye has been banned in Europe, Japan and other parts of the world prior to the finding. He alluded to a circular on the subject from the office of the Secretary to Government of the Federation (SGF) stressing that SON will continue to work with other sister agencies like the Nigerian Customs Service and the nation’s Security apparatus to protect Nigerians from the negative effect of substandard

products. According to the statement, azo dyes could release carcinogenic substances known as aromatic amines when they mix with sweat, which accounted for the ban on the use of the dye in many countries of the world. The SON chief executive advised importers of school uniform materials in Nigeria to endeavour to undergo the process of conformity assessment of such materials

prior to import, through the SON’s offshore conformity assessment programme (SON-CAP) in order to avoid bringing them to the country. He further advised Nigerians to report any suspected uniform materials that may already be in the country to SON for necessary, sampling, laboratory tests and analysis to be carried out at its Textile and Leather Laboratory in Kaduna for necessary regulatory action.

According to the statement signed by SON’s Head, Public Relations, Bola Fasina, all international accredited firms (IAFs) undertaking the offshore conformity assess-ment programme on behalf of the SON all over the world have been put on alert regarding the cancercausing substance in school uniform and other clothing materials to be imported into Nigeria.

Police Arraign 57 Youths for Alleged Homosexuality Fifty-seven youths between the ages of 20 and 33 were yesterday arraigned before a Yaba Chief Magistrate’s Court for allegedly engaging in homosexuality. The youths are Segun Ade, 24; Afolabi David, 20; Azees Tunde, 22; Adedokun Pelumi, 22; Smart Joel, 25; Ehiose Elvis, 20; RIdwan Jamiu, 24; Raphael Matthew, 38; Friday John, 21; Godswill Kola, 22; Chibuike Nuel Charles, 23; Prince Collins, 23; Daniel Ayo, 22; Edeh Amechi, 20; Alozie Osita, 21; Kelvin Nwachukwu , 23; Gbemi Orekoya, 32; Odika Emmanuel, 25; Kojo Emme, 27; Adewole Michael, 27; Kunle Samson, 29; Daniel Sokan, 23; Alabi Lekan, 21; Seun Odu, 26; Oladapo Eniola, 24. Others include: Bobbey Moses, 21; Desmond Onuoha, 23; Joseph Victor, 23; Omoniyi Tobi, 21; Kelvin Abuchi, 22; Muhammed Abubakar, 26; Lawal Yusuf, 22; Odushina Samuel, 23; Wole Ojo, 24; Remi Godwin, 21; Abimbola Damilola, 21; Samson Odeh, 23; Laguda Lekan, 23; Alhassan Jenrope, 23; Musbau Remi, 33; Ibrahim Yusuf, 24; Olaide Olajide, 23; Isaac Patrick, 23; and Wasiu Ajibade, 25. The others are Miracle Onyenka, 41; Balogun Olayinka, 23; Okechukwu Nobel, 25; Abioye wealth Olasunkanmi, 25; Isa Ibrahim, 25; Rasheed Gbenga, 25; James Obialor, 20; Jesse Paul, 22; Oladipupo Kehinde, 25; Ogunrinde Yusuf, 28; Chris Godsent, 23; Solomon Showale, 27 and Olawale Adebayo, 26. They were arraigned by the men of the State Criminal

Intelligence and Investigation Department (SCIID), Panti-Yaba, Lagos, before Chief Magistrate Kikelomo Ayeye led-court, on three counts charge, bordering on conspiracy, belonging to a secret cult, and unlawful gathering. The offences, according to the prosecutor, Cyril Ajufor, are contrary to and punishable under sections 411,52(a) and 43(1) cap, CH, C17, Vol. 3, laws of Lagos State of Nigeria, 2015. All the defendants pleaded not guilty to the charge. Arraigning the defendants, the prosecutor, Ajufor, told the court that they and others now at large, were arrested on August 26, 2018, at about 2a.m. at Kelly Ann Event Centre, situated at 3-7, Aderele Street, Egbeda, Lagos. He further told the court that the defendants were arrested after investigation revealed that they engaged in homosexual activities. But following the not-guilty plea of all the defendants, Chief Magistrate Ayeye, admitted them to bail in the sum of N200,000, with one surety each. The surety, according to the Chief Magistrate Ayeye, must have a voter’s card, with three years evidence of tax payment to Lagos State Government, and have his or her address verified by the prosecutor. The chief magistrate, however, ordered that all the defendants be remanded in prison custody, pending the fulfillment of the bail conditions.

Electoral Fraud Forced Fayemi to Request for Security, Fayose Alleges Victor Ogunje in Ado Ekiti The Governor of Ekiti State, Mr. Ayodele Fayose, has alleged that the fear of the back-lash for the electoral fraud committed during the July 14 governorship election forced the Governor-elect, Dr. Kayode Fayemi to request for a tight security arrangement during his inauguration on October 16. A statement by the Special Assistant to the Governor on Public Communications , Mr. Lere Olayinka, described the request by Fayemi as a clear indication that the reality of the electoral fraud that was perpetrated in his favour was still troubling his mind. Fayose , who said it was funny that a man coming to assume office as governor of Ekiti State will require thousands of armed security

men for his inauguration, added that; “It was this same fear of the unknown that made Fayemi to deploy police helicopters for aerial surveillance when he came to Ado Ekiti to receive his Certificate of Return from INEC. Fayemi had made the demand for security beef up when he paid courtesy visit on the Minister of Interior, Lieutenant-General Abdulrahman Dambazzau. Fayose said that it was strange that Fayemi was seeking police protection to assume office in a state where he claimed the people voted for him. “What is he afraid of? Shouldn’t the same people that purportedly voted for him be happy and eager to usher him to office? Fayemi is even afraid of his own party people.

IT’S NICE MEETING YOU...

L-R: Chairman, Technical Committee. Conference Planning, Nigerian Bar Association (NBA) 2018 Annual Conference, Mr. George Utomi; President of Ghana, Nana Akufo-Addo, and Founder, Nigeria and Entrepreneurship:Summit & Honors (NESH), Mr. Emeka Ugwu-Oju, during the 2018 NBA conference held in Abuja...recently

African Countries Must Embrace Agriculture, Says US Envoy Ugo Aliogo The United States Ambassador to Nigeria, W. Stuart Symington, has urged African countries to embrace agriculture, saying any society that cannot feed its people is a failed society. Symington said this yesterday in Ibadan, Oyo State, while listening to the presentations of a group of young entrepreneurs under the Enable Youth Agriculture (EYA) programme of the International Institute of Tropical Agriculture (IITA). Through EYA, IITA has been supporting the dreams and aspirations of many African youths who are gathered under this youth group to create an umbrella platform for the encouragement of young Africans to choose a career in agriculture.

About 50 youth, who gathered to receive the US ambassador, were drawn largely from Nigeria, Cote d’Ivoire and Congo and comprised young men and women who graduated from diverse fields of agricultural disciplines. The initiative, which started at the IITA Headquarters, in Ibadan, in August 2012, has grown tremendously, spreading its tentacles across Africa and bringing under its net vibrant, energetic, young people who are trained to become owners and co-owners of independent agribusiness enterprises. According to the ambassador, the challenge of food production is so important for Africa and indeed the whole world, to surmount that every nation must encourage its youth to go into agriculture, towards

boosting food production. While urging the youth to form value chains with other interest groups, Symington recommended the Ghanaian model of micro-finance where a whole village was transformed by an internally-generated trade interest model of villagers financing themselves from interests they pulled together to fiancé one another. Symington also urged the youth to buy products from one another and put together lessons they learn from themselves in the process of learning the agricultural entrepreneurial skills. “You should buy products from each other. You are your own buyers and you should be your own internal buyers. Put together lessons learnt in the process. Each should learn from the mistakes and experiences

of the other. “You should also learn from the Silicon Valley maxim. In Silicon, they have an expression: ‘If you haven’t failed once, you are not in business.’ You are like Silicon Valley. You will fall; pick yourselves up. Is there anyone who rides a bicycle for the first time without falling down?” Earlier, the EYA group, through the Interim Head, Youth in Agribusiness, Evelyn Ohanwusi, had made a presentation to the ambassador, on how it operates on a philosophy of “to grow crops, you must grow farmers” and how its goal is to reduce economic marginalisation of African youth through an introduction of modernised agricultural technology, in a way that leads to greater employment opportunities.

FAAC: New Template for NNPC Remittances Soon The shared sum included statutory revenue, Value Added Tax( VAT), forex equalisation and additional revenue from the Nigerian National Petroleum Corporation ( NNPC). According to the minister, the president’s directive that herself, NNPC officials and the Department of Home Finance in her ministry should meet and look at revenue figures ahead of FAAC meeting had resolved a lot of issues. The pre-FAAC meeting, which the minister said was

held, helped to resolve a lot of issues that would have been sources of disagreement at FAAC plenary on Thursday. Meanwhile, the federal, states and local governments shared a total of N714.809 billion for the month of July. Of the amount distributed, federal government got the lion share of N298.288 billion, states collected 183.773 billion; local councils N138.964 billion while the sum of N49.777 billion went to oil producing states as their share of 13 per cent derivation principle. The

cost of collection/ transfer and Federal Inland Revenue Service ( FIRS) refund amount to N44 billion. The balance in Excess Crude Account ( ECA) stood at $ 2.332 billion. According to the minister, the gross revenue of 597.975 billion received for the month was lower than the N694.672 billion received in previous month by N96.697 billion. “ Crude oil export sales volume was 3.74 million barrels when compared with the previous month sales volume of 3.57 million barrels.”

“Despite the improved revenue, production was negatively affected in the period by shut- ins and shut down at various terminals for repairs and maintenance of ageing facilities. The VAT, import duty, Companies Income Tax( CIT) and oil royalty decreased while Petroleum Profit Tax( PPT) recorded an increase,” the minister said. She also disclosed in the Excess Crude Account stood at $2.332 billion as at August 30, 2018.

FRIDAY AUGUST 31, 2018 ˾ T H I S D AY

NEWSEXTRA

73 Battalion: Ganduje, Kwankwaso’s Rift May Cause Violence in 2019 Elections Ibrahim Shuaibu in Kano The 73 Battalion of the Nigerian Army, Janguza Barracks in Kano has raised the alarm that the rift between the incumbent Governor of the state, Abdullahi Umar Ganduje and Senator Rabiu Musa Kwankwaso may cause violence during the 2019 elections and expressed its readiness to respond to disasters. The Commanding Officer of the Battalion, Lieutenant Colonel Isidore Ominaso Amah, stated this on Wednesday when the

Chief of Defence Staff, General Abayomi Gabriel Olanisakin, visited the battalion to assess its readiness in disaster management. Speaking on the forthcoming 2019 general elections, the commanding officer also revealed that “as the 2019 general elections is fast approaching, it may likely witness destruction of lives and property that may force some civilians to take refuge in Janguza Barracks’’. According to him, this concern is because of the heated political

debate atmosphere occasioned by Ganduje and Kwankwaso’s rift. He assured that the 73 Battalion have a prominent role to play, adding that it has mapped out plans of evacuation, reception and protection of displaced persons who usually thronged to barrack during crisis. According to him, the 73 Battalion remains poised for active participation in disaster management, adding that the battalion covers Jigawa State and 14 local government areas of Kano State.

Amah pointed out that “the battalion in conjunction with the police, is working closely towards achieving effective control of disaster.’’ He said his battalion had mapped out modern strategic plans of managing disaster, despite the challenges they were facing and also reiterated the commitment of his battalion in prompt response to disasters whenever the need arises. Speaking also, the Director General of National Emergency Management Agency (NEMA), Mr. Mustapha Maihaja, re-

affirmed the commitment of his agency in ensuring the establishment of functional disaster rescue units aimed at effecting a prompt response to disaster management nationwide. Maihaja who was represented by the Director Research and rescue of the agency, Air Commodore Akugbe Iyamil, said the purpose of the visit was to assess the readiness of the battalion in responding to emergency and disaster management. He noted that NEMA had

mapped out a coherent strategic plan on how to manage disasters in all parts of the country and also commended the efforts of the 73 battalion of the Nigerian army in putting befitting plans of how to manage disasters in their units. In his remarks, the chief of defence staff, represented by Major General Habila Vintenba, said all necessary measures have been put in place in ensuring harmonious working relationships between all security agencies in the state and the country at large.

Okocha: It’s Unlawful for EFCC to Commence Unilateral Investigation of a State Ernest Chinwo in Port Harcourt Former President of the Nigerian Bar Association (NBA), Chief Onueze Okocha (SAN), has declared that it is unlawful for the Economic and Financial Crimes Commission (EFCC) to invade a state and commence unilateral investigations of its finances. Speaking during a ‘Special Appearance’ on African Independent Television’s (AIT) Morning Magazine Programme, Kaakaki, monitored in Port Harcourt last Wednesday, Okocha noted that the state House of Assembly has oversight functions over a state governor. He said: “The state House of Assembly has oversight functions over the governor of Rivers State. What is the business of the EFCC in a state because we are in a federation? We are not a primary school administered by a headmaster. It is totally unlawful.” He added: “We have a proverb that if I have my money and I want to use it to buy groundnut, it is not your business. What is the business of the EFCC? Is the money of Rivers State the money of the federal government?” The senior advocate said monetary transactions by the Rivers State Government would not lead to any misfortune for the federal government to warrant the invasion of Rivers State by EFCC. “What economic misfortune

will the spending of Rivers State money bring to the federal government? It is totally unlawful,” Okocha said. He also said it was illegal for the EFCC to freeze the accounts of Akwa Ibom and Benue States, adding that the focus on Rivers State is totally unlawful. According to him, “We have a federal system of government. What that indicates is that a measure of self-government is given to the states. “They receive their funds direct from the federation account. They control and disburse their funds in accordance with the appropriation laws made by the Houses of Assembly of the states. “And they are perfectly entitled to deal with the funds as whoever is the state chief executive sees fit. What will you say if tomorrow you hear that EFCC has frozen the account of the federal government because it wants to investigate whether the federal government or the president exceeded the limit of spending? It is unheard of.” Okocha noted that there is a court pronouncement in 2007 during the administration of Dr. Peter Odili that the EFCC has no business investigating the state, adding that nearly 11 years after, EFCC has not successfully appealed against the judgment. The former NBA leader noted that the attacks by EFCC may be geared towards crippling the states by the federal government.

EFCC Raids Companies in Gombe Segun Awofadeji in Bauch The Special Control Unit Against Money Laundering (SCUAML) of the Economic and Financial Crimes Commission (EFCC), Gombe Zonal Office, has raided Hamabb Motors Nigeria Limited along Atiku Abubakar road, Jimeta, Yola, Adamawa State and Halal Synergy Limited along Galadima Aminu Way, Jimeta for alleged non-compliance with the Provisions of the Money Laundering (Prohibition) Act, 2011 (as amended). According to a statement by the spokesman of the EFCC, Gombe Zonal Office, Mr. Bello Bajoga, “the companies failed to adhere to the regulations of Designated Non Financial Institution (DNFIS)

Regulatory Manual 2013 that regulates the activities of DNFIS. The statement added that during the raid, the owners of the companies - Alhaji Abba Galadima and Alhaji Mansur Abdurahman, were arrested. “Several efforts made by the SCUAML officers from zonal office by serving the companies with letters of notification for registration in June, 2016, as well as inspection and sensitation in July and November 2017, respectively to register proved abortive,” the statement added. According to the EFCC, another observation letter was equally served to the companies in 2017 to comply with the law but there were no positive results.

APC’S NEC MEETING

L-R: Governors Ibrahim Gaidam of Yobe State; Dr. Abdullahi Umar Ganduje of Kano State; and Yahaya Bello of Kogi State, during the National Executive Committee (NEC) meeting of the All Progressives Congress (APC) in Abuja... yesterday

FG Assures UK on Ease of Doing Business Ndubuisi Francis in Abuja The federal government has asked investors from the United Kingdom to cash in on Nigeria’s improved business environment to invest in critical sectors of the economy. The Minister of Finance, Mrs. Kemi Adeosun, gave the admonition in Abuja yesterday when she met with a business delegation of the British Prime Minister, Theresa May, who was in Nigeria. According to Adeosun, the President Muhammadu Buhari administration had taken a bold step in creating an enabling business environment for attracting investment via

the Presidential Enabling Business Environment Council (PEBEC). She expressed the commitment of the government to further improve on the business environment and sustain existing reforms to consolidate the gains of the economy by deepening the subnational Ease of Doing Business drive. Adeosun said: “There are lots of business opportunities in Nigeria and the government is addressing assiduously the impediments to ease of doing business in Nigeria. “This will make it easier for businesses to grow and contribute to sustainable economic activity in the country as well as create jobs.”

The minister also canvassed the need for the deepening of the Nigerian capital market with specific products that can be channeled towards infrastructure financing. According to her, this would ensure that the capital market plays a critical role in stimulating the economy. “We can’t have enough capital to finance infrastructure development. Deepening the capital market is key to the funding infrastructure in Nigeria,” the minister added. In his remarks, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, who applauded the support of the Department for International Development (DFID) and

UKAID, solicited more business partnerships between Nigeria and the UK. Also speaking, the British Minister for Africa, Harriet Baldwin, expressed delight on the trade relations between Britain and Nigeria, noting that more business partnerships would be announced by the visiting Prime Minister. “We are already partnering Nigeria in the area of green financing. The Prime Minister in Nigeria announced further partnership with the Nigerian Government expected to create over 100,000 jobs in the country,” he stated. The British bilateral trade relations with Nigeria is about £4.2 billion annually.

Borno IDPs Forced to Relocate Due to 2019 Elections, Says Report Internally displaced persons (IDPs) in Borno State are reportedly being forced back home to ruins, without a guarantee of their safety. According to Reuters, the move is to show progress in the war against Boko Haram insurgency as the 2019 elections approach. The IDPs are reportedly being told that they must return home if they wish to continue to receive help from the federal government. In June, some 2,000 IDPs living in Bakassi camp in Maiduguri, Borno State capital, were

reportedly asked to return to a town called Guzamala. According to the report, the government and officials of the Independent National Electoral Commission (INEC) have been meeting to discuss how to expedite the return of the IDPs to enable them register to vote. “They said, ‘If you refuse to return, you are on your own, the government will not help you anymore’,” one of the returnees identified as Hassan said. Apart from the communities

being unsafe, the IDPs also complained that they cannot earn a living in the area due to the activities of the insurgents. “We were deceived,” an IDP identified as Modu was quoted as saying. “There is nothing in Guzamala other than suffering.” Reuters described the area as a “wasteland,” adding that most of the structures there are still shattered. “There, some food and supplies – enough to feed a family of 10 for a day, according to one man – were distributed,” the

report added. “Since then, the returnees have been left for weeks at a time to fend for themselves. Some soldiers took pity on them and handed over their own water rations.” The news agency said no government official responded to an enquiry on the issue. There are currently no less than 7.7 million people in the north-east in need of aid to survive as a result of the Boko Haram insurgency in the region, said the UN.

FRIDAY AUGUST 31, 2018 ˾ T H I S D AY

NEWSEXTRA

FG Condemns Hate Speech, Decries Crude Oil Pipeline Vandalism Ambode canvasses new technology for crime fighting Gboyega Akinsanmi As the 2019 elections approach, the federal government yesterday condemned hate speech and cautioned political gladiators against plunging Nigeria into uncontrollable crisis through the use of provocative comments. It also decried the recent spate of oil pipeline vandalism, illegal oil bunkering and oil theft, which it claimed, had put the Nigerian economy in dire situation with the potential to plunge the country into financial crisis. Speaking yesterday at the Federal and States Security Administrators’ meeting held at the NECA House, Ikeja where security chiefs convened to deliberate on security issues that might impact negatively on the country, the Permanent Secretary, Special Services Office, Office of the Secretary to the Government of the Federation (SGF), Dr. Amina Bello-Shamaki, canvassed peaceful and successful elections in 2019, noting that it “is only when

there is peace and tranquility that successful elections can be held in the country. This is critical to ensuring good governance.” Shamaki also urged the political leaders “to be wary of their utterances, actions and activities in order not to plunge the country into uncontrollable crisis. “It is important all political gladiators bear this in mind as the 2019 elections approach,” she said. She implored all Osun State governorship candidates “to play by the rules and support the Independent National Electoral Commission (INEC) to make the election devoid of violence and ensure that the process is conclusive.” She cautioned all political contestants across the federation against the use of hate speech before, during and after the election, bearing in mind that all actors in the process “are going to live together after the elections have come and gone.” On the pipeline vandalism, Shamaki lamented the increasing

rate of attack on oil and gas installation, which she said, had put Nigeria in dire situation and posed the potential threat of plunging the country into intractable financial crisis. In 2017, specifically, the permanent secretary cited a report of the Nigeria Natural Resource Centre (NNRC), which revealed that the country lost N995 billion to large-scale oil theft in the Niger Delta alone. According to her, this is not including the activities of these vandals and oil thieves in Lagos, Ikorodu, Arepo, Kogi

and Kaduna. In a similar report in 2016, the federal government revealed that about N3.8 trillion was recorded as loss from crude oil theft and pipeline vandalism as a matter of urgent national priority. Also speaking, Ambode, who was represented at the meeting by the Secretary to the State Government, Mr. Tunji Bello, observed that the meeting was crucial at a time when political activities were gathering momentum towards the 2019 general election. He noted that the meeting

should come up with new technology and strategies to effectively address the peculiar security challenges that might impact negatively on the electoral process. Ambode acknowledged that the state government had taken some positive and proactive actions in line with some of these recommendations, especially with regards to the issues of drug abuse and the state of the prisons. He acknowledged some security challenges that tasked the state capacity, especially

in tracking criminal activities in the creeks and waterfront communities, among others. Despite these difficulties, Ambode said the state government evolved proactive strategies with the support of the local communities and security agencies operating in the state. With the implementation of these recommendations, the governor noted that Lagos State “is no go area for inter-state or cross-boundary marauders or any individual or group with criminal or mischievous intent.”

Alleged N369m Deal: Police Trail Hunkuyi as Senator Refuses to Honour Invitation Ugo Aliogo With his refusal to honour its invitation over investigation into a N369 million deal, the Nigeria Police Force is on the trail of Senator Suleiman Hunkuyi. The force may also declare the senator wanted if it could not effect his arrest. The police had on August 3, 2018 invited Hunkuyi and the Chairman of the Nigeria Labour Congress, Kaduna State chapter, Mr. Adamu Ango, for interaction in connection with a N369 million failed project. While Ango reported to the police, Hunkuyi was yet to appear before the Inspector General Tactical Squad, Force Headquarters in Abuja. He was scheduled to interact with an Assistant Commissioner of Police, Mr. Sanusi Mohammed, on behalf of Deputy Commissioner of Police (IG Tactical Squad, Force Headquarters). But there were indications that the embattled senator and some of his colleagues were seeking amicable settlement with the petitioner who filed a brief with the police. A top police officer, who spoke on the case yesterday, said: “In the last 27 days, we have been waiting for Hunkuyi. We have trailed him to his residence in Kaduna last weekend but he was nowhere to be found. “It has been difficult to track his location because his known phones, including a Benin Republic mobile line, had been switched off. “The police may have no choice than to declare him wanted if he does not show up for interaction. “All those mentioned in the case have appeared before the police including the NLC leadership in Kaduna State and the Kaduna Geographical Information System (KADGIS) except the senator.”

It was learnt that the affected senator and some of his colleagues have been seeking amicable settlement of the case before Hunkuyi could report to the police. One of the associates of the senator said: “Hunkuyi is a reliable Nigerian, he is not dubious. It is a case of a business challenge which we are trying to resolve amicably. “Some of the colleagues and political associates of Hunkuyi are reaching out to the complainant.” A copy of the petition before the police gave insights into the deal. The complainant said: Sometimes in late 2015, the senator asked a company to partner with his firm called Sahel Technical Services Limited for the construction of a Shopping Complex on part of the parcel of land located on Independence Way Kaduna otherwise known as Nigeria Labour House. “As the exploratory discussions were ongoing on the partnership option, Hunkuyi also offered the remainder of the said parcel of land measuring approximately 3,007m2 to the complainant for the construction of a Filling Station. “After a lengthy negotiation, a sale price of N100,000,000 for the 3,007M2 portion of the parcel of land was arrived at and the said sum paid into an account. “At the point of negotiation, Senator Hunkuyi made some assurances and concluded the transactions. These assurances included but not limited to the fact that his company had out rightly purchased the entire parcel of land covered by Kaduna State Government Certificate of Occupancy No. 16066 and in support of that assertion, furnished unregistered copies of signed Power of Attorney, Deed of Assignment and Sale Agreement between Sahel Technical Services Limited and NLC Kaduna State chapter.

FIGHTING FOR FREEDOM

Members of Nigerian Union of Journalists (NUJ), Lagos State Chapter protesting against the oppression, suppression and killing of journalists by government agencies in Lagos... yesterday

FG Committed to Fast-tracking ERGP Implementation Iyobosa Uwugiaren in Abuja The Minister of Budget and National Planning, Senator Udoma Udo Udoma, yesterday reiterated the federal government’s commitment to the implementation of the various strategies set out in the Economic Recovery and Growth Plan (ERGP) to address the five execution priorities of Macroeconomic Stabilisation, Agriculture and Food Security, Transportation, Energy and Industrialisation. The Special Adviser (Media) to the Minister, James Akpandem, in a statement quoted Udoma as saying that while addressing the Joint Planning Board/National Council on Development

Planning (JPB/NCDP) meetings in Abeokuta, Ogun State, the faithful implementation of the plan government will be able to deliver a resilient and more prosperous economy where “we grow what we eat and consume what we make.” He noted that though the plan was hailed within and outside the country as well as designed to address the fundamental economic challenges of the country, there were some concerns expressed about the implementation given past failures as a country to effectively implement previous plans. He vowed that the President Muhammadu Buhari administration is determined

to properly implement the plan, saying the government is encouraged by the achievements recorded so far in the implementation of the ERGP. Explaining that the ERGP was conceived as a comprehensive medium term plan to address the fundamental problems of the country and place the economy on the path of diversified, sustainable and inclusive growth, he stated that many innovations are being introduced to achieve faster results. Pointing specifically to the success recorded through the ERGP Focus Labs held early this year in driving the objectives of the plan in some key sectors of the economy, the

minister said more of such innovations would help to fast-track implementation of the plan. He was hopeful that the JPB/NCDP meetings would generate new ideas that would help the plan implementation. The annual JPB/NCDP meeting is a platform for state commissioners, permanent secretaries and other relevant stakeholders to discuss with each other about the Nigerian economy and keep abreast of developments by hearing from development experts on topical economic issues. The theme for this year’s meeting is ‘Accelerating implementation of the Economic Recovery and Growth Plan: The role of stakeholders’.

Presidential Amnesty to Employ 2,000 Beneficiaries of Training in Fishing Sector Iyobosa Uwugiaren and Ndubuisi Francis in Abuja No fewer than 2,500 beneficiaries of the Presidential Amnesty Programme are to be trained, while 2,000 of them are expected to be employed in the fishing sector, in line with the federal government’s Economic Recovery Growth Plan (ERGP) to restore growth in the economy. The Special Adviser (Media and Communication) to the Presidential Adviser and Coordinator on the Presidential

Amnesty Programme, Murphy Ganagan, said in a statement that 100 fishing trawlers are to be built in Burutu, Delta State, for the training programme, which is expected to commence soon, at the end of which 2000 of the beneficiaries would be employed. Inaugurating an implementation committee comprising five subcommittees for the project under a National Development Programme through Industrial Fishing and Associated Seafood Production, the Special Adviser to the

President and Coordinator, Amnesty Programme, Prof. Charles Dokubo, expressed conviction that the training would open a vista of opportunities for beneficiaries of the Amnesty Programme, especially those interested in sea faring and fishing. He said the project was in fulfillment of his vision to drive the reintegration component of the Amnesty Programme in such a way that it would positively impact on beneficiaries and communities in the Niger Delta.

According to him, “When this concept was brought to me, about the availability of training, retraining and also employing our delegates, it was time specific and fitted into what I’m doing for the Amnesty Programme. “I am really overjoyed, and I believe that the commitment of this meeting today will move this concept forward. Removing a chunk of beneficiaries from our database for me, is a thing of joy; If a chunk of these people is taken out, we can also do for those in the impacted communities.”

ͻ͹˜ ͺ͸͹΀ ˾ T H I S D AY

FRIDAYSPORTS

Group Sports Editor Duro Ikhazuagbe Email duro.ikhazuagbe@thisdaylive.com 0811 181 3083 SMS ONLY

Modric Beats Ronaldo, Salah to UEFA Player of the Year Award Luka Modric of Real Madrid and Croatia on Thursday received the accolade of UEFA Player of the Year in Monaco after his Champions League exploits. Speaking shortly after he was presented with the award, the Croatian star attributed all he is today to his father. “My father always pushed me to fight for my dreams, I owe him a lot for everything,” said Modric, whose silky midfield skills helped Real to a third straight European crown and then propelled Croatia to the World Cup final. “It’s an incredible moment for me, I feel really excited and proud of this great award,” said the 32-year-old, who started out at Dinamo Zagreb and then had four years with Tottenham before Real prised him away six years ago. Modric, whose success sets him up as a favourite to win the Ballon d’Or world player of the year accolade, saw off former Real team-

mate Cristiano Ronaldo and Liverpool’s Egyptian striker Mohamed Salah for the overall award. Real Madrid’s achievement in winning the Champions League for the third season running was further recognised as Modric also won the UEFA award for the best midfielder of last season. His clubmate Sergio Ramos was named best defender while Real shot stopper Keylor Navas won the best goalkeeper prize. Ronaldo, who did not appear at the ceremony, was awarded the award for best striker chosen by Champions League and Europa League coaches from last season and journalists. The award “recognises the best players, irrespective of nationality, playing for a club within the territory of a UEFA member association during the past season. Players are judged on their performances in all competiLuka Modric receiving the UEFA Men’s Player of the Year award from UEFA President Aleksander Ceferin (R) during the draw for UEFA Champions tions – domestic, continental League football tournament at The Grimaldi Forum in Monaco…yesterday and international”. Danish international Per- nille Harder, of German club Wolfsburg lost to dominant an award for David Beckham, UEFA President’s Award for Wolfsburg, won the UEFA French outfit Lyon in the the former Manchester his achievements in the game women’s player of the year Champions League final in United, Real Madrid and and his work since retiring Kiev in May. There was also England star collecting the as a player. AFP prize.

Double Amputee Paralympian Joins House of Reps Race Olawale Ajimotokan in Abuja A former paralympian, Vitalis Lanshima, has declared his intention to seek elective office in the House of Representatives in the Jos North/ Bassa Constituency under the All Progressives Congress (APC). Lanshima, who is an indigene of Plateau State and lived in the United States of America for over 15 years, made the declaration yesterday at a news briefing, pledging to empower the poor. In year 2000, Lanshima represented Nigeria at the Paralympic Games in Australia and set three world records in 100, 200 and 400 metres. He was subsequently recruited and awarded an athletics scholarship in the US, becoming the first international Paralympic athlete to compete for a college in the US. Lanshima was 12 years old when he was electrocuted after the crossbar he was holding, when practicing high jump at the University of Jos inadvertently touched an electric high-tensioned power cable. The accident dashed any hope he had of becoming successful in life and escaping poverty as it resulted in the amputation of both his arms. He only enrolled in J.S.S. I at the age of 18 after facing rejection from several schools on account of his disability The business community leader is the first person with disability to serve in the elected office on Louisville Metro Council in Kentucky

in the US. He said as a member of the House of Representatives, he would work with other members to find ways to stimulate economic development in Nigeria, work for lasting peace in the country and ensure transparency. “Transparency is the best disinfectant to fight corruption and that is my keyword. I will ensure that every penny allocated to my constituency is published online for easy tracking by the public. “I want to create a Nigeria that traveling on its road is not a suicide mission. We want a Nigeria where a child who lives in Bassa Local Government has equal opportunity with a child in Dubai. “With my wealth of experience as a metro councilor in Louisville, USA, I can contribute to make Nigeria a beacon for Africa.” Lanshima promised yesterday.

Former paralympic athlete, Vitalis Lanshima is aiming to represent his federal constituency at the Green Chamber of the National Assembly in Abuja

C A F C O N F E D E R AT I O N C U P

How Enyimba Landed in Quarter-ﬁnal, By Anyasi Agwu r1JOOJDL DPNNFOET *LQFB[V .POJNJDIFMMF PWFS "CB 4UBEJVN Duro Ikhazuagbe Chairman of Enyimba FC, Felix Anyasi-Agwu, yesterday attributed the qualification of the Aba team for the quarter final of this year’s CAF Confederation Cup to hard work. Speaking with THISDAY, several hours after the People’s Elephant snatched an added time lone goal victory against Congo’s CARA Brazzaville at the newly refurbished Aba Stadium on Wednesday night, Anyasi-Agwu insisted that Enyimba didn’t play like a team whose league has been on recess long before the World Cup in Russia. “We knew the opposition we were going to face in the CAF Confederation Cup and so had to ensure that our players were engaged meaningfully all through the period before the NPFL returns. “Enyimba didn’t feel the absence of the league because of our good preparation. We knew the opposition to expect and used friendly matches to put our players in shape,” observed the club chairman ho is also a board member of the NFF. Despite the boast by Anyasi-Awgu that he had the premonition of Enyimba’s victory, the Aba Elephant chief executive was worried that the lightings of the refurbished arena could make his wards miss progress into the knockout stage of the

second tier best competition in the continent. “As you are aware, the stadium has just been refurbished, the flood lights have not been fully installed as the contractor handling the project took deliveries of the lights from Europe this week. They were been transported from Lagos to Aba here. What we had for the match was a temporary arrangement. We did not want anything to happen to the light to warrant any force majoure,” recalled Anyasi-Agwu. But the visitors from Congo who knew that a draw was good enough to see them through to the quarterfinals sat back and soaked all the pressure from Enyimba forward and did occasional foray into Thomas Afelokhai’s goal area. CARA players were certain that so long as Ivory Coast club Williamsville did not get a win against Mali’s Djoliba in Abidjan, the Congolese were ready to play in the dark to ensure they progress to the next round. However, substitute Wasiu Alalade latched on an Andrew Abalogu rebound free kick to grab the gamedeciding goal. And of course, Aba fans who have been starved of quality football since Enyimba began playing home matches ‘away’ in Calabar and Port Harcourt, there was no better ways to show their love for their darling team

but to dance Shaku Shaku away long into the night after the final whistle. And of course, the Congolese were not left out of the celebration as the game in Abidjan ended in a draw. That ensured that they finished the Group C as runners up going into the quarterfinals. The contractor handling the project arrived Aba yesterday with the floodlights and is expected to complete the installation next week. Enyimba is not expected to return for the next stage until in a fortnight by which the lights would have been installed, tested and certified okay for night games. Speaking on the feat in Aba, President of the Nigeria Football Federation, Amaju Melvin Pinnick praised the never-say-die spirit of Enyimba FC in getting the last-gasp winner against CARA Brazzaville. “I commend the spirit of Enyimba FC, the way they approached the game and their determination not to give up even after being unable to make hay from several opportunities. They gave joy to the government and the good people of Abia State in particular, and football enthusiasts in Nigeria as a whole, and they deserve our applause. “They showed through their approach, and on the evidence of their win in Bamako on Match-day 5, that they are capable of going all the way. I urge

them to take each match in the knockout stages one after the other, and go all the way to make Nigeria proud.” Pinnick, also the 1st Vice President of CAF, watched the very interesting encounter from the State Box at the eye-catching Enyimba International Stadium, and thanked the Government of Abia State for renovating the facility to true international standard. “The Government of Abia State has done very well for the youth of the State, and the NFF is using this opportunity to call on other State Governments who don’t have facilities like this to consider investing in such for the benefit of the youth of this country.” The NFF boss also gave kudos to the contractor that handled the Enyimba project, Monimichelle for doing a good job. “With what Monimichelle, an indigenous firm has done here in Aba, there is hope for our country. The pitch is a good advertisement for Nigerian football and it shows that Nigerians have the expertise to do a good job.” Two –time CAF Champions League winners Enyimba FC is the only Nigerian club side left in the hunt for continental honour this season. The Draw for the quarter finals will be held at the CAF headquarters in Cairo next Monday.

ͻ͹˜ ͺ͸͹΀ ˾ T H I S D AY

FRIDAYSPORTS

Champions League: Ronaldo’s Juve Drawn against Man Utd G R O U P S TA G E D R AW I N F U L L Group A: Atletico Madrid, Borussia Dortmund, Monaco, Club Brugge. Group B: Barcelona, Tottenham, PSV Eindhoven, Inter Milan Group C: Paris St-Germain, Napoli, Liverpool, Red Star Belgrade. Group D: Lokomotiv Moscow, Porto, Schalke, Galatasaray Group E: Bayern Munich, Benﬁca, Ajax, AEK Athens Group F: Manchester City, Shakhtar Donetsk, Lyon, Hoffenheim Group G: Real Madrid, Roma, CSKA Moscow, Viktoria Plzen Group H: PJuventus, Manchester United, Valencia, Young Boys

G R O U P S T A G E M AT C H D AY S Match Day One : 18-19 September Match Day Two : 2-3 October Match Day Three : 23-24 October Match Day Four : 6-7 November Group Day Five: 27-28 November Group Day Six: 11-12 December Cristiano Ronaldo (centre) celebrates with his Juventus teammate

Manchester United will face a reunion with Cristiano Ronaldo after drawing Serie A champions Juventus in the Champions League group stage. Ronaldo, who was at United between 2003 and 2009, joined Juve for £99.2m in July after nine years at Real Madrid. Valencia and Young Boys are the other teams in Group H. Tottenham have been drawn

in a tough group to face Barcelona, while last season’s runners-up Liverpool face Paris St-Germain and Napoli. Eredivisie champions PSV Eindhoven and Inter Milan complete the line-up in Spurs’ Group B and Red Star Belgrade are the other team to play Jurgen Klopp’s side in Group C. Premier League champions Manchester City were drawn

in Group F alongside Shakhtar Donetsk, Lyon and Hoffenheim. Last season’s winners Real Madrid, who have won the competition for the past three years, are in Group G with Roma, CSKA Moscow and Viktoria Plzen. Real Madrid, who beat Liverpool 3-1 in last year’s final, cleaned up in the Uefa awards, with their players

winning in all the categories. Keylor Navas won the goalkeeper of the season award, Sergio Ramos was voted the best defender, while Cristiano Ronaldo claimed the forward of the season award. Croatia international midfielder Luka Modric - a Champions League winner with his club and World Cup finalist with his country -

won both the midfielder of the year and overall best player awards. Meanwhile, former Manchester United and England midfielder David Beckham was awarded the UEFA President’s award. “From winning the Champions League with Real Madrid, achieving a historic result with Croatia, now this, it is amazing,” said Modric.

“They are great feelings and I am happy and proud of everything that I have achieved. “This year I can say is the best year of my career, collectively and individually. Finally I achieved something I dreamed since I started playing for the national team. We reached the final of the World Cup and even without winning it was historic.”

Nigeria’s CricketVictory Sparks Hope for a Once Dwindling Game Ugo Aliogo The victory secured by the Junior Yellow Green, Nigeria’s Under-19 cricket national team at the ICC Under-19 World Cup Africa Division Two Qualifier Tournament in Potchefstroom, South Africa, earlier in the week is a bold statement that Nigeria cricket is on the path to continental relevance once again. But this did not come cheap and would not be maintained by idleness. The team that won the event had been in camp for over two months between Benin City in Edo State and Kaduna where the 40 players who starred in the preliminary round were pruned to 27 and then the final 14. The team thereafter went on a four-match tour of Uganda where they engaged the country’s Under-19 and the Under-23 teams in trial games before heading for the tournament in South Africa. According the President of Nigeria Cricket Federation (NCF), Professor Yahaya Ukwenya, “The victory was not a walk in the park. We worked for it. The win in South Africa is both a reward and a call for more work,” he added. Most of the players got pulled in from the pockets of private teams and leagues that dots different cricket clusters around the country. “We knew that getting the nation back to the heights it deserved will need us getting everyone to support whatever the NCF was doing at the centre. Despite the sinking state of Nigeria cricket reputation, there were still deep- seated interest in the game. What we lacked was the leadership to seize the initiative, bring together all interest groups and develop and execute a workable roadmap to a desirable future for this game,” observed the NCF president. In less than six months

after assuming leadership of NCF, Ukwenya and his team have cracked up a document that spelt out the federation’s immediate needs and how to approach them, including engaging consultants, past players and keeping a focused youth programme in place. He said: “Getting funding became one of the key factors here, so, we decided to engage all means possible including, taking deliberate actions to keep the sport marketable and attractive to corporate bodies and of course having in mind deliverables that would keep such relationship a win-win affair for everybody.” By April 2018, the NCF had also bidded and won the rights to two continental events; the International Cricket Councils T-20 World Cup Qualifier and the Africa Cricket Association running back-to-back at the now revamped Tafawa Balewa Square Cricket Oval in Lagos. Vice President of the NCF, Uyi Akpata, said hosting the two events last April served a number of purposes for the game; it allowed NCF to deepen her international affiliations with the global and continental bodies. It helped the body to upgrade one of the prime facilities in the country to international standard and again put the players on the spot. “I believe that after the event in April, we had a number of things to learning from but the most important thing was that we were not where we were again,” stressed the NCF who is also a golf aficionado. Uyi believed that the outcome of the two events in which Nigeria finished in runner up places behind Ghana along with training programmes that the indigenous coaches were exposed to, including the contracting of South African cricket legend, Makhaya Ntini, as Technical assistant, came very helpful for Nigeria in mastering the rope.

Nigeria’s Under-19 cricket team, the Junior Yellow Green, celebrating their victory in South African…recently

“Nigeria Cricket took the leap after the two events we hosted in April. Most of the discipline and depth that the present Under-19 team have, was a result of so many learnings we have made along way of executing our planned programmes as a federation,” he added. The Nigeria Cricket Federation has continued to invest in her high performance development in terms of coaches’ education, umpires and scorers development. This process saw the Federation send six officials (Coaches and Umpires) to South Africa for advanced coaches’ education courses. Three of Nigeria Umpires were also part of officials for the just concluded tournament. Enesi Dahiru who is also on the NCF Board as the technical representative, Kehinde Olanbiwonu who was the only Nigerian at the April West Africa T20 World Cup Qualifier and Musa Ehizoje also a member of the umpires’ association joined elite African umpires at this event. This is the highest number of umpires from Nigeria at any ICC event. In the meantime, the federation won the hearts of Lagos State Government, Transport

Services Limited, Eroton Exploration and Production and Visionscape to back a number of their activities too. Hence when the opening whistle for the final match between Nigeria and Sierria Leone was blown in Potchefstroom on Tuesday, the Junior Yellow Green knew that beyond the preparations they have gone through; they held the hope of a new dawn for the game back home. They had earlier overpowered Ghana, Mozambique and Lesotho in the group stages then went on to dispatch Tanzania in the semi-final. Only Sierra Leone, posted a blameless record at the event as Nigeria before they met on Tuesday. But Nigeria rated better on aggregate Net Rate of Return. According to Nigeria’s Captain, Sylvester Okpe before the match; “We put every victory so far behind us, in fact we have told ourselves we will celebrate only after we win the final match, because that is the only thing that mattered here.” Uthe Ogbimi, coach of the Nigerian team noted that the

players were focused and, the exposure they had, the long training schedule by the federation and the depth of the technical team were the assets of the team. So, as the 50 overs final got underway, it was not long before Elijah Olaleye unleashed terror from his bat on the Sierra Leoneans. Former National Captain, Endurance Ufem, who is also Player’s Rrepresentative on the NCF board said of the team; “They were majestic. I followed the match online as I could not be there live. When the statistics came reeling in, I could picture the torture that was in our opponent’s mind. Our opening batsman (Elijah Olaleye) was ‘savage’. He killed the game before the opponents were ready.” He led with an unbeaten 110 off 124 balls. Samuel Mba on the other hand, shared a first wicket stand of 148 runs before departing in the 35th over on 62 off 124 balls which set the tone for the 242 runs for the loss of 9 wickets in allotted 50 overs. Then came Nigeria’s best bowler at the tournament, Peter Aho. He led the onslaught by

claiming five wickets, 35 runs, one maiden in four overs, while the duo of Mohammed Taiwo and Abdulrahman Jimoh claimed two wickets apiece to reduce their opponents to a paltry 105 runs all out in 31 overs. The Sierra Leoneans in response to the intimidating scores Nigeria recorded in the first innings found it difficult to cope in the batting crease but the likes of Captain George Ngeba (31), Osman Sankoh and Emmanuel Akpo had 14 runs, while Haroun Kamara added 13 runs in a disappointing effort from the side that waltzed through every opponent up until the moment they met Nigeria in the final. With the results, Nigeria leads Division 2 qualifiers along with Sierra Leone and Tanzania to compete in Division One (Venue yet to be confirmed in 2019) along Namibia, Kenya and Uganda. As part of recognition of efforts put in by the current board, organisers of the Africa T20 Cup in South Africa have invited Nigeria to join elite province and countries in the Africa Cup scheduled to commence in South Africa from 13th of September, 2018. Four of the Present crop of U19 players will also remain and spend two weeks in a private cricket Academy in Cape Town ahead of the arrival of the rest of the Senior National Team early September. With these new gains made so far this year, it is obvious that the Nigeria Cricket Federation has rekindled hope in this gentlemanly sport in Nigeria. It is now just a matter of sustaining this new drive for the country to take her place amongst the elites of Cricket in the continent. Who knows, global recognition in cricket could be lurking in the horizon for Nigeria.

Friday, August 31, 2018

UT H

& RE A S O

Price: N250

MISSILE PDP to Buhari

“Now that the huge rot in his presidency has been exposed by a ﬁrm commissioned by his own administration, the PDP challenges President Buhari to make good his declaration to jail treasury looters by starting with self-searching explanations on the sleazes directly linked to his oﬃce, both as president and minister of petroleum resources.” – The Peoples Democratic Party (PDP) challenging President Muhammadu Buhari to explain the whereabouts of alleged N4 trillion unremitted oil revenue disclosed in an audit report by PriceWaterHouseCooper.

SHAKAMOMODU Resurrection of Decrees 2 and 4 THIS REPUBLIC

shaka.momodu@thisdaylive.com

r President, I say no! The rule of law is not subordinate to national security. President Muhammadu Buhari’s insistence at the conference of the Nigerian Bar Association (NBA) or should I say at the public presentation of his change manifesto that the rule of law must be subject to the supremacy of national security was an alarming preposition from a man who rode to power on the strength of the ballot box. Buhari’s assertion was a throwback to his infamous Decrees No. 2 and 4 of 1984. That he delivered such a repugnant speech at the NBA conference, without a vigorous pushback from the lawyers present, who instead applauded like pupils that had just been handed candies, was all the more disturbing. I am not a lawyer, but I believe they should have done much better to push back hard against that draconian and reprehensible preposition. I have consistently maintained that Buhari is not only incapable of understanding the workings of a democratic government, he lacks that critical thought process to appreciate the demands of the office he occupies. It is no slur on him either to say that he lacks capacity for the office. His predicament or our predicament as we watch things slide into the abyss, is made worse by the fact that those around him are essentially sycophants who are exploiting his handicap for their personal benefits. At any opportune moment, they gleefully mock the values and principles that are at the core of our society, chief of which is the rule of law – the very foundation of our democracy. Otherwise, someone would have drawn his attention to the fact that national security cannot be superior to the rule of law. Who knows, it is possible that people like Professor Itse Sagay who has expressed support for the president’s abominable remarks goaded him on to make the ill-advised remark. This surely is a monumental disservice to the legal profession. It may not be out of place to also speculate about the role the Attorney General and Minister of Justice, Abubakar Malami might have played in crafting that speech because it largely mirrored his argument on why the government would not release the former National Security Adviser, Colonel Sambo Dasuki despite successive court orders granting him bail. The nefarious preposition was a sad reflection of the quality of legal advice the president had received from his Attorney General whom I expected would have vetted that speech considering the forum it was going to be delivered in. But then again, it showed that we are dealing with an overabundance of insanity from those eager to create an immoral equation between good and evil. Because many learned relics have the same medieval mindset as the president. But whatever was the case, Buhari once again revealed his contempt for the rule of law and due process with his remarks, aided and abetted by his attorney general. It is a shame that the same man proposing to upturn and subsume the rule of law in the name of discretionary and amorphous national security interests is the same person intellectuals and prominent individuals are rooting for his re-election. This is the same person Professor Wole Soyinka recently described as a reformed democrat. You see, every time they try to burnish his reputation and try to present him as what he is clearly not, he disappoints them by exhibiting

Buhari his true colours. But there is a background and context to Buhari’s stand and Sagay’s supportive comment. Early in the life of this government, Professor Femi Odekunle, a member of the Presidential Advisory Committee on Anti-Corruption, had said in an interview published in the Vanguard Newspaper that he was against unmoderated rule of law. He struggled unconvincingly to defend the impunity of this government in his responses to questions on the government’s refusal to obey court orders. It is important to restate here his exact words: “You see, one of the problems we have in this country is that we put the interest of the individual above the interest of the collective. As a professional criminologist, I am not for unmoderated democracy, I’m not for unmoderated rule of law in which the rights of the individual will be so hyperbolised and override those of the collective.” Reacting to his interview in my article titled, ‘Old Soja and the Nutty Professors,’ I had wondered about his cruel stance. In the said piece, I wrote as follows: “Having experienced raw torture and escaped life imprisonment in the hands of General Sani Abacha, a ruthless dictator who permitted only a moderated rule of law, one would have expected him to be more circumspect in his utterances. On another score, it is very possible he is still hallucinating and his senses are yet to fully recover having been slapped severally, kicked repeatedly, beaten and tortured like a ‘he-goat’ being taken to the market by Al Mustapha (that was how he described his experience then). “The human rights community fought tooth and

0811 266 1654

nail on the plank that the trial process that led to his incarceration was substantially flawed and didn’t follow due process. Today the nutty professor wants the rule of law moderated.” It is possible that if the late General Sani Abacha had been allowed to follow his base instincts, Odekunle would not have survived to offer such a preposterous and irresponsible suggestion. Of course before Odekunle, there were others. Remember the late Dr. Olu Onagoruwa? As the Attorney General in Abacha’s government, he rationalised all the abuses then thus: “Abacha’s government is a revolutionary government. In a revolutionary situation like this, some of the niceties of democracy will have to give way.” It is needless to state here that such a myopic argument became his nemesis. But let’s take a trip down memory lane. Buhari clearly defined the direction of his administration in his first media chat on December 30, 2015. I wrote then in the earlier-referenced article that I suffered heartburn watching his performance. Here are some excerpts: “I missed the live transmission but decided to watch the chat on YouTube following a friend’s glowing review that President Muhammadu Buhari shone like a thousand stars. After watching, I fell numb with fear. I was traumatised and completely flabbergasted by his responses to questions. His lack of knowledge about his environment and events around the world in the past 30 years and his understanding of issues were frighteningly telling. His dictatorial visage was on full display as well as his ironclad contempt for the rule of law and the niceties of democracy.” I wrote further that “Buhari effectively overruled the judiciary on national television on the issue of whether a suspect gets bail or not and how, which is a constitutionally guaranteed right.” When the president held that media chat, he was still in honeymoon mode and effectively got away with blue murder. Many even applauded him for what he said then, ignoring the danger to our civil liberties that he had just set in motion. Buhari’s actions in the months and years after that parley have only done more and more to reinforce his contempt for the rule of law. He has consistently refused to obey court orders, because in his warped thinking, whatever he defines as national security interest is superior to the rule of law. Unfortunately for our country, he has a loudmouthed, partisan and a hatchet professor of law by his side that defends any member of the government or whatever this government does, no matter how reprehensible it may be. Even more alarming is the fact that the human rights community and civil society groups have been complacent about the danger Buhari’s gradual erosion of the cardinal principle of any civilised

The nefarious preposition was a sad reﬂection of the quality of legal advice the president had received from his Attorney General whom I expected would have vetted that speech considering the forum it was going to be delivered in. But then again, it showed that we are dealing with an overabundance of insanity from those eager to create an immoral equation between good and evil. Because many learned relics have the same medieval mindset as the president.

nation poses to Nigeria. They are the ones who enabled Buhari on the path he is treading now. Some of them have colluded to shred the rule of law in our country. Each time I see some lawyers trying to make a mess of the law and rationalise clear abuses perpetuated by this government, I ask myself, where are these people from? Is it hunger or just attention seeking that would make someone who had hitherto prided himself on his professional integrity to make a mess of his knowledge? Only recently, Buhari on his return from vacation vowed to work harder to jail looters (someone said maybe, he wanted to say opposition members). Note that he didn’t say he would prosecute suspected corrupt public officials. He forgot that he does not have the power to just arrest someone, lock that person up indefinitely as he would have loved to do, or like he did under Decrees No.2 and 4 of 1984 as a military head of state. Now let me even ask the president and his attorney general: what is their definition of national security interest? Will national interest not be given an elastic interpretation and used to cover up personal indiscretions of top government officials which if revealed are likely to embarrass the individuals and the government? For example, recently, the senator representing Bauchi Central Senatorial District, Hamman Misau had made serious allegations of corruption against the Inspector General of Police, Ibrahim Idris. He went further, claiming that Idris was in sexual relationships with two female serving police officers and had in fact impregnated one of them. We all saw how the senator was harassed and molested using state institutions for daring to expose the IG. Under the supremacy of national security interest, would the senator not have been branded a threat to national security and thrown into jail indefinitely? We have seen abuses of this nature before because national security interest is amorphous and varies, depending on whose interests it is being used to protect. It is subject to the whims and caprices of the president, the army, the police, the navy, the DSS, the EFCC, etc. To the discerning, the mere proposal at that conference of lawyers represented a serious threat and breach of the principles we depend upon for protection against the unprincipled use of power and “authority, where due process, the presumption of innocence until guilt is proven and -- at the far end -- the right to dissent”. On display under this government are serious abuses of all three. The courts have been powerless to enforce their judgments. It is instructive that despite experiencing the painful trauma of detention without trial when he was overthrown, possibly on the pretext of national security interests by the then government in power, Buhari still has not learnt any lessons. He lamented that despite his detention for 40 months no one had told him his offence.The second chance Nigerians have given him is not for the president to subject them to another reign of tyranny but to redeem himself and rebuild the nation. Not many get such opportunity in their lifetime. Unfortunately, he has shown an incredibly unserious attitude to governance. Obviously, those who seek to destroy us are relentless. In a fragile democracy like ours where the institutions of state are still very weak, Buhari’s medieval mindset shows the need for constant vigilance. Those promoting this obnoxious doctrine will one day be yesterday’s men.

Printed and Published in Lagos by THISDAY Newspapers Limited. Lagos: 35 Creek Road, Apapa, Lagos. Abuja: Plot 1, Sector Centre B, Jabi Business District, Solomon Lar Way, Jabi North East, Abuja . All Correspondence to POBox 54749, Ikoyi, Lagos. EMAIL: editor@thisdaylive.com, info@thisdaylive.com. TELEPHONE Lagos: 0802 2924721-2, 08022924485. Abuja: Tel: 08155555292, 08155555929 24/7 ADVERTISING HOT LINES: 0811 181 3085, 0811 181 3086, 0811 181 3087, 0811 181 3088, 0811 181 3089, 0811 181 3090, 0811 181 3085. ENQUIRIES & BOOKING: adsbooking@thisdaylive.com