DOCSLIB.ORG

UAC Cover Rv.Cdr

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
UAC Cover Rv.Cdr The rebranded Mr Biggs Restaurant at Maryland Ikeja, Lagos Variants of New Supreme Ice Cream and Lollies in pouches contents 4 Our Vision 45 Salient Performance Graphs 6 Mission Statement 46 Report of the Independent Auditors 8 Corporate Strategy 48 Report of the Audit Committee 10 Company Profile 50 Statement of Significant Accounting Policies 11 Financial Highlights 52 Group Value Added Statement 12 Chairman's Statement 53 Group Profit And Loss Account 15 Notice of Meeting 54 Group Balance Sheet 17 Board of Directors, Professional Advisers, etc. 55 Group Statement of Cash Flows 19 Statement of Directors’ Responsibility 56 Notes to the Financial Statements 20 Board of Directors 76 Group Five-Year Financial Summary 25 Directors' Report 77 Shareholders' Information 39 Human Resource Report 78 Unclaimed Dividends 41 Corporate Social Responsibility Report 44 Financial Report 2010 ANNUAL REPORT & ACCOUNTS 3 our vision To be number one in our chosen markets, providing exceptional value to our customers. A Library donated by CAP Plc to St Peters Anglican Primary School, Alausa, Ikeja, Lagos. Pix shows the Principal of the School flanked by the EDCS UACN, Mr JID Dada and the MD CAP Plc, Mrs Omolara Elemide Mission statement To experience the thrill of adding value to lives and businesses by being a superior convenience provider. Variants of New Gala Crunchies from UAC Foods our strategy To be a food-focused business with emphasis on business and market segments that offer the highest potentials. Investment will be targeted at profitable growth and creation of shareholders’ value. Victoria Mall Plaza Residential Apartments on Aboyade Cole Street, Victoria Island, owned by UPDC company profile UAC of Nigeria Plc (UAC), with over a century of operations in Nigeria, is a leading diversified, food-focused company, operating in the manufacturing, services, logistics and warehousing and real estate sectors of the economy. The Company's business portfolio includes the following Companies: UACN Property Development Company Plc (UPDC), the first Company in the real estate sector to be quoted on the Nigerian Stock Exchange; Warm Spring Waters Nigeria Limited, manufacturer of “GOSSY” Spring Water. The bottling plant is located in Ikogosi-Ekiti, Ekiti State. The Company (UACN) has majority stakes in Grand Cereals Limited, Spring Waters Nigeria Limited (SWAN) and Opticom Leasing Company Limited. UAC's interests also include Chemical and Allied Products PLC (CAP), UAC Registrars Limited and GM Nigeria Limited, a joint venture with General Motors Corporation of Detroit, USA. Following the recent pensions reforms in the country, UAC currently operates UNICO CPFA Limited, a subsidiary of the Company as a Closed Pension Fund Administrator. As a food-focused conglomerate, UAC's growth strategy envisages the building of strong regional and international corporate partnerships in order to realize sustainable growth and business transformation. To this end, UAC has partnered with Tiger Brands of South Africa to form a new Company, UAC Foods Limited with Tiger Brands Limited holding 49% of the equity and UAC controlling 51%. The move involves UAC interests in snacks, dairies and water operations (UAC Foods, UAC Dairies and Spring Waters Nigeria Limited) being transferred to UAC Foods Limited. The Company has re-aligned its food business architecture to unlock value in the business. The re-launch of Mr Bigg's, the leading Quick Service Restaurant chain in the country, has been well-received with trendy settings, tastier meals and a general improvement in the total offerings. The merger of UAC Franchising Division with UAC Restaurants to create a new UAC Restaurants Division has proved to be both strategic and profitable. UAC Restaurants operate leading Quick Service Restaurant brands including Mr. Bigg's, Village Kitchen, Chicken Inn, Pizza Inn, Creamy Inn and Dial-a- Delivery. UAC also operates Nando's, the Casual Dining Restaurants, in Nigeria. Under the current leadership, UAC has demonstrated renewed resolve and drive to move from incremental business improvements to true transformation. To this end, UAC pays a great premium to its human capital and capacity development programmes through the exploration of both international and local opportunities for the employees' learning and training. The Company's Corporate Social Responsibility programme, the Goodness League has spearheaded the move to boost education in the country through its infrastructural intervention and support for Legacy Schools across the country and the organization of the Free Weekend Classes for final year students in secondary schools. UAC's performance has continued to be driven by its vision “To be number one in 2010 our chosen markets, providing exceptional value to the customers.” ANNUAL REPORT & ACCOUNTS 10 financial highlights Group Company 2010 2009 2010 2009 =N='000 =N='000 =N='000 =N='000 Turnover 52,313,682 56,604,958 19,326,151 20,134,638 Net operating profit 7,037,725 7,568,029 1,869,226 2,068,851 Profit before taxation 7,093,521 8,076,451 1,920,423 2,614,797 Taxation (1,642,719) (1,899,343) (323,031) (725,781) Profit after taxation 5,450,802 6,177,108 1,597,392 1,889,016 Non-controlling interest (2,259,935) (2,157,981) - - Profit attributable to Ordinary Shareholders 3,190,867 4,019,127 1,597,392 1,889,016 Capital expenditure 3,972,143 6,577,629 1,718,381 2,136,202 Shareholders funds 36,406,000 37,486,708 11,832,973 11,900,331 Earnings per share before N-CI- basic 341 482 100 148 Earnings per share before N-CI - adjusted 341 386 100 118 Earnings per share after N-CI - basic 199 314 100 148 Earnings per share after N-CI - adjusted 199 251 100 118 Proposed dividend per share (kobo) 110 130 110 130 Proposed dividend per share (kobo) - adjusted 110 104 110 104 Net assets per share (kobo) 2,848 3,511 739 929 Market price per share (kobo) - daily official listing as at 31 December 3,751 3,700 3,751 3,700 2010 ANNUAL REPORT & ACCOUNTS 11 chairman’s statement Distinguished shareholders, invited guests, ladies and gentlemen, I am delighted to welcome you all to the 2011 Annual General Meeting of our company, UAC of Nigeria Plc. At this meeting, I will lay before you the Annual Report and Accounts for the financial year ended 31st December 2010. Please permit me to highlight the significant developments in the political and economic environment in which the company operated during the year. OPERATING ENVIRONMENT The first half of the year was characterised by political uncertainty arising from the Late President Yar'Adua's ill-health and attendant issues of power transfer to President Goodluck Jonathan. The situation was compounded by the Boko Haram insurgence in the North-East, the Jos crises and the spate of kidnapping in the South- East and some parts of the South-South zone of the country. These developments raised security concerns in the investment community. Capital market activities continued to be at low-key with the Securities and Exchange Commission taking measures to sanitise the market and position the Stock Exchange for a sustained future performance. There was no significant improvement in infrastructure including power during the year. Despite huge resource allocation, the public power supply situation remains disappointing. The cost of self-generated power continued to rise in response to global crude oil prices and rising generator maintenance costs. Overall GDP growth of 7.85% was impressive in the face of continuing global economic crisis. However, it is instructive to note that whereas Agriculture, Wholesale and Retail Trade and Crude Oil and Gas Exports account for 75% of the GDP, Manufacturing accounts for below 4%. Inflation rose to as high as 15% during the year before declining to 11.8% by December. Manufacturing capacity utilisation, however, continues to decline. Credit to the private sector shrank by 5% against a benchmark target of 31.54% growth. Against this negative trend in private sector lending, credit to the Federal Government, States and Local Governments rose thereby crowding out private sector borrowing. 2010 was generally a challenging year for business in Nigeria. Let me illustrate the operational challenges faced by our businesses with the case of our UAC Restaurants Division, home to Mr. Biggs, the widest network of retail food outlets in Nigeria. Operations in the South-East, South-South and Plateau States were hampered by threats to life, general insecurity and subdued social life leading to delayed daily opening and early closing (and some days of complete shutdown) of restaurant operations. The credit crunch, insecurity and declining purchasing power led to the business failure of a number of our franchisees and a significant rise in the incidence of bad debts. Increasing power outages led to greater dependence on self-generated power. The increased costs of reduced business volumes could not be passed on to over-burdened consumers. In the face of these challenges, your Board and Management are taking various 2010 restructuring steps to reposition the business. The impact of these measures is ANNUAL REPORT & already being felt. ACCOUNTS 12 chairman’s statement contd. Delite Fruit Juice was introduced in the middle of the year to join the new Supreme Flavoured Milk. As these brands are entering the market at a challenging time, Management will ensure that they are adequately supported to gain market acceptance so that our investment in this area will yield appropriate returns in due course. Our Real Estate business struggled through another year of tepid demand given the associated macro-economic issues of the environment. Our paint business, however, had a spectacular year as volumes held given the differentiated quality offering of the premium Dulux brand. Our Jos-based businesses of Grand Cereals Limited and Spring Waters Nigeria Limited suffered business disruptions on account of the insecurity situation in Plateau State.
Load more

Recommended publications
  • DFID's Programme in Nigeria
    House of Commons International Development Committee DFID's Programme in Nigeria Eighth Report of Session 2008–09 Volume I Report, together with formal minutes Ordered by the House of Commons to be printed 13 October 2009 HC 840-I Published on 23 October 2009 by authority of the House of Commons London: The Stationery Office Limited £0.00 International Development Committee The International Development Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of the Department for International Development and its associated public bodies. Current membership Malcolm Bruce MP (Liberal Democrat, Gordon) (Chairman) John Battle MP (Labour, Leeds West) Hugh Bayley MP (Labour, City of York) Richard Burden MP (Labour, Birmingham Northfield) Mr Nigel Evans MP (Conservative, Ribble Valley) Mr Mark Hendrick MP (Labour Co-op, Preston) Daniel Kawczynski MP (Conservative, Shrewsbury and Atcham) Mr Mark Lancaster MP (Conservative, Milton Keynes North East) Mr Virendra Sharma (Labour, Ealing Southall) Mr Marsha Singh MP (Labour, Bradford West) Andrew Stunell (Liberal Democrat, Hazel Grove) John Bercow MP (Conservative, Buckingham) and Mr Stephen Crabb MP (Conservative, Preseli Pembrokeshire) were also members of the Committee during this inquiry. Powers The Committee is one of the departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No 152. These are available on the Internet via www.parliament.uk. Publications The Reports and evidence of the Committee are published by The Stationery Office by Order of the House. All publications of the Committee (including press notices) are on the Internet at www.parliament.uk/indcom Committee staff The staff of the Committee are Carol Oxborough (Clerk), Keith Neary (Second Clerk), Anna Dickson (Committee Specialist), Chlöe Challender (Committee Specialist), Ian Hook (Senior Committee Assistant), Vanessa Hallinan (Committee Assistant), John Kittle (Committee Support Assistant), and Alex Paterson (Media Officer).
    [Show full text]
  • Oral History Program Series: Governance Traps Interview No.: H7 Interviewee: Obadiah Mailafia Interviewer: Itumeleng Makgetl
    An initiative of the National Academy of Public Administration, and the Woodrow Wilson School of Public and International Affairs and the Bobst Center for Peace and Justice, Princeton University Oral History Program Series: Governance Traps Interview no.: H7 Interviewee: Obadiah Mailafia Interviewer: Itumeleng Makgetla Date of Interview: 28 August 2009 Location: Abuja Nigeria Innovations for Successful Societies, Bobst Center for Peace and Justice Princeton University, 83 Prospect Avenue, Princeton, New Jersey, 08544, USA www.princeton.edu/successfulsocieties Use of this transcript is governed by ISS Terms of Use, available at www.princeton.edu/successfulsocieties Innovations for Successful Societies Series: Governance Traps Oral History Program Interview number: H-7 ________________________________________________________________________ MAKGETIA: My name is Itumeleng Makgetia, and we’re in Abuja, Nigeria. It is the 28th of August 2009 and I am here with Dr. Obadiah Mailafia who was the Deputy General of the Central Bank of Nigeria from 2005 until 2007, and is currently the Founder and Director for the Center for Policy and Economic Research (CEPER). MAILAFIA: Yes. MAKGETLA: Thank you for participating in this set of interviews with reform leaders. MAILAFIA: Thank you Tumi. It is a great pleasure to meet with you and to be able to engage in this fascinating discussion and conversation. MAKGETLA: Thank you. Before we begin, can I just ask you to confirm that I’ve been able to answer any questions you had and that you are aware that this is a voluntary interview. MAILAFIA: Of course, we have discussed that and I am more than happy to converse with you on this.
    [Show full text]
  • Page 1 of 156
    Page 1 of 156 Page 2 of 156 Page 3 of 156 Page 4 of 156 Page 5 of 156 Page 6 of 156 Page 7 of 156 TABLE OF CONTENTS NBA PRAYER 2 PRESIDENT 3 GENERAL SECRETARY 4 EXECUTIVES 5 NEC NOTICE 7 MINUTES OF DECEMBER NEC MEETING 8 5TH DECEMBER, 2019 PRESIDENT SPEEECH FINANCIAL REPORT 39 2019 (10%) BAR PRACTICE FEE REMITTANCE 64 TO NBA BRANCHES NBA 2019 AGC; PRESIDENT’S EXPLANATORY NOTE 69 NBA AGC 2019 FINANCIAL REPORT 71 NBA COMMITTEE REPORTS I. WOMEN’S FORUM 83 II. TECHNICAL COMMITTEE ON 100 CONFERENCE PLANNING III. SECTION ON PUBLIC INTEREST AND 139 DEVELOPMENT LAW REPORT IV. SECTION ON BUSSINESS LAW REPORT 141 V. SECTIONON ON LEGAL PRACTICE REPORT 147 VI. YOUNG LAWYERS’ FORUM 149 VII. LETTER OF COMMENDATION TO NBA BAR SERVICES DEPARTMENT Page 8 of 156 MINUTES OF THE NATIONAL EXECUTIVE COMMITTEE (NEC) MEETING OF THENIGERIAN BAR ASSOCIATION, HELD ON 5THDECEMBER, 2019 AT THE AUDITORIUM, NBA HOUSE NATIONAL SECRETARIAT ABUJA. 1.0. MEMBERS PRESENT: NATIONAL OFFICERS 1. PAUL USORO, SAN PRESIDENT 2. JONATHAN GUNU TAIDI, ESQ GENERAL SECRETARY 3. STANLEY CHIDOZIE IMO, ESQ 1ST VICE PRESIDENT 4. THEOPHILUS TERHILE IGBA , ESQ 3RD VICE PRESIDENT 5. BANKE OLAGBEGI-OLOBA, ESQ TREASURER 6. NNAMDI INNOCENT EZE, ESQ LEGAL ADVISER 7. JOSHUA ENEMALI USMAN, ESQ WELFARE SECRETARY 8. ELIAS EMEKA ANOSIKE, ESQ FINANCIAL SECRETARY 9. OLUKUNLE EDUN, ESQ PUBLICITY SECRETARY 10. EWENODE WILLIAM ONORIODE, ESQ 1ST ASST. SECRETARY 11. CHINYERE OBASI, ESQ 2ND ASST. SECRETARY 12. IRENE INIOBONG PEPPLE, ESQ ASST. FIN. SECRETARY 13. AKOREDE HABEEB LAWAL, ESQ ASST. PUB.
    [Show full text]
  • Foreign Exchange Auction No. 32/2002
    CENTRAL BANK OF NIGERIA, ABUJA FOREIGN OPERATIONS DEPARTMENT FOREIGN EXCHANGE AUCTION NO. 32/2002 FOREIGN EXCHANGE AUCTION RESULT SCHEDULE OF 06TH NOVEMBER, 2002 APPLICANT NAME FORM BID CUMMULATIVE BANK REMARKS S/N A. SUCCESSFUL BIDS M'/ 'A' NO. R/C NO APPLICANT ADDRESS RATE AMOUNT TOTAL PURPOSE NAME 1 DATAMEDICS NIGERIA LIMITED MF0215516 187241 71, ALLEN AVENUE, IKEJA, LAGOS 128.0000 17,019.00 17,019.00 X-RAY FILM LIFE RAY AFRIBANK 0.0317 2 DEMA INVESTMENT (NIG) LTD. AA0685970 18194 13, BAMISHILE STREET, IKEJA, LAGOS 128.0000 1,764.50 18,783.50 LIVING EXPENSES AFRIBANK 0.0033 3 E.C.BROWN & CO LTD M0194337 296621 73,OZOMAGALA ST.,ONISHA 128.0000 16,650.00 35,433.50 WHEEL BARROW TYRE ACCESS 0.0311 4 International Tools Ltd. MF0016297 5820206 10 Abebe Village Road, Iganmu - Surulere 128.0000 14,035.05 49,468.55 Mobile Workshop Cranes, Hydraulic Bootle Jacks, Mechanic HandUBA PLCChain Hoist, Push0.0262 Trolley for hand Chain Hoist, Electro-Chain Hoist 5 J.A.NDUBISI & CO LTD MF0371202 219270 36B,OZOMAGALA ST.,ONISHA 128.0000 15,750.00 65,218.55 WASHING POWDER ACCESS 0.0294 6 JOSEPH O. ORENAIKE AA0745974 A0160632 MOBIL PRODUCING NIG. UNLTD, GIS DEPT. QIT128.0000 4,183.00 69,401.55 TUITION FEE ECOBANK 0.0078 7 LA VIVA NIG LTD MF0203561 RC45837 195B CORPORATION DRIVE DOLPHIN ESTATE 128.0000 LAGOS 18,000.00 87,401.55 TV AND CLOCKS ACB 0.0336 8 OLUGBEJE TITILAYO A0578183 AA0717891 10A KOSOKO STREET,EREKO.LAGOS 128.0000 2,000.00 89,401.55 PTA GATEWAY 0.0037 9 ONOM ENTERPRISES MF0358897 LAZ092413 10 SEBANJO STREET, PAPA, AJAO, MUSHIN 128.0000 21,450.00 110,851.55 RAW MATERIALS:PRINTING PAPER IN SHEETS TRIUMPH 0.0400 10 ROSHAN NIGERIA LIMITED MF0393369 40822 36 MORRISON CRESCENT OREGUN IKEJA LAGOS 128.0000 36,572.50 147,424.05 HOME APPLIANCES STD CHART.
    [Show full text]
  • DFID's Programme in Nigeria
    House of Commons International Development Committee DFID's Programme in Nigeria Eighth Report of Session 2008–09 Volume I EMBARGOED ADVANCE COPY Not to be published in full, or in part, in any form before 00.01 on Friday 23 October 2009 HC 840-I House of Commons International Development Committee DFID's Programme in Nigeria Eighth Report of Session 2008–09 Volume I Report, together with formal minutes Ordered by the House of Commons to be printed 13 October 2009 HC 840-I Published on 23 October 2009 by authority of the House of Commons London: The Stationery Office Limited £0.00 International Development Committee The International Development Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of the Department for International Development and its associated public bodies. Current membership Malcolm Bruce MP (Liberal Democrat, Gordon) (Chairman) John Battle MP (Labour, Leeds West) Hugh Bayley MP (Labour, City of York) Richard Burden MP (Labour, Birmingham Northfield) Mr Nigel Evans MP (Conservative, Ribble Valley) Mr Mark Hendrick MP (Labour Co-op, Preston) Daniel Kawczynski MP (Conservative, Shrewsbury and Atcham) Mr Mark Lancaster MP (Conservative, Milton Keynes North East) Mr Virendra Sharma (Labour, Ealing Southall) Mr Marsha Singh MP (Labour, Bradford West) Andrew Stunell (Liberal Democrat, Hazel Grove) John Bercow MP (Conservative, Buckingham) and Mr Stephen Crabb MP (Conservative, Preseli Pembrokeshire) were also members of the Committee during this inquiry. Powers The Committee is one of the departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No 152.
    [Show full text]
  • Public Disclosure Authorized
    INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION THE INSPECTION PANEL 1818 H Street, N.W. Telephone: (202) 458-5200 Washington, D.C. 20433 Fax: (202) 522-0916 Email: [email protected] Eimi Watanabe Chairperson Public Disclosure Authorized JPN REQUEST RQ13/09 July 16, 2014 MEMORANDUM TO THE EXECUTIVE DIRECTORS OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION Request for Inspection Public Disclosure Authorized NIGERIA: Lagos Metropolitan Development and Governance Project (P071340) Notice of Non Registration and Panel's Observations of the First Pilot to Support Early Solutions Please find attached a copy of the Memorandum from the Chairperson of the Inspection Panel entitled "Request for Inspection - Nigeria: Lagos Metropolitan Development and Governance Project (P071340) - Notice of Non Registration and Panel's Observations of the First Pilot to Support Early Solutions", dated July 16, 2014 and its attachments. This Memorandum was also distributed to the President of the International Development Association. Public Disclosure Authorized Attachment cc.: The President Public Disclosure Authorized International Development Association INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION THE INSPECTION PANEL 1818 H Street, N.W. Telephone: (202) 458-5200 Washington, D.C. 20433 Fax : (202) 522-0916 Email: [email protected] Eimi Watanabe Chairperson IPN REQUEST RQ13/09 July 16, 2014 MEMORANDUM TO THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION Request for Inspection NIGERIA: Lagos Metropolitan Development and Governance Project (P071340) Notice of Non Registration and Panel's Observations of the First Pilot to Support Early Solutions Please find attached a copy of the Memorandum from the Chairperson of the Inspection Panel entitled "Request for Inspection - Nigeria: Lagos Metropolitan Development and Governance Project (P07 J340) - Notice of Non Registration and Panel's Observations of the First Pilot to Support Early Solutions" dated July 16, 2014 and its attachments.
    [Show full text]
  • Durham E-Theses
    Durham E-Theses An Auto-Ethnographical Study of Integration of Kanuri Traditional Health Practices into the Borno State Health Care Stystem El-Yakub, Kaka How to cite: El-Yakub, Kaka (2009) An Auto-Ethnographical Study of Integration of Kanuri Traditional Health Practices into the Borno State Health Care Stystem, Durham theses, Durham University. Available at Durham E-Theses Online: http://etheses.dur.ac.uk/171/ Use policy The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that: • a full bibliographic reference is made to the original source • a link is made to the metadata record in Durham E-Theses • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders. Please consult the full Durham E-Theses policy for further details. Academic Support Oce, Durham University, University Oce, Old Elvet, Durham DH1 3HP e-mail: [email protected] Tel: +44 0191 334 6107 http://etheses.dur.ac.uk 2 AN AUTO-ETHNOGRAPHIC STUDY OF INTEGRATION OF KANURI TRADITIONAL HEALTH PRACTICES INTO THE BORNO STATE HEALTH CARE SYSTEM by Hajja Kaka El-Yakub a thesis submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy School of Applied Social Sciences Durham University November 2009 Supervisors: Prof. David Byrne and Dr Andrew Russell Contents Declaration i Abstract ii Acknowledgements
    [Show full text]
  • Federal Character Principle and National Integration (1999-2011)
    IOSR Journal Of Humanities And Social Science (IOSR-JHSS) Volume 21, Issue 6, Ver. 6 (June. 2016) PP 01-10 e-ISSN: 2279-0837, p-ISSN: 2279-0845. www.iosrjournals.org Federal Character Principle And National Integration (1999-2011) UGWUJA DANIEL I. Department Of Political Science, Enugu State University Of Science And Technology, Nigeria. ABSTRACT:-This research determined whether the application of the federal character principle in solving ethnic tension, national question and inequitable distribution of political power possesses the potentials for achieving national integration which is the prerequisite for economic development. Most of the information in this research was based on the secondary source of data collection. Since independence in 1960, Nigeria has been plagued by ethnic tension and political conflicts which have taken the toll of unity and stability in Nigeria. Various solutions, ranging from the adoption of unitary system, federalism to the creation of states, have been proffered and implemented to the creation of states, proffered and implemented, but the problem has persisted. The adoption of federal character principle in Nigeria is to hold the federating units firm. This research also traced the history of amalgamation and evolution of Nigeria as one political unit. It also analyzed and examined the adoption of the Federal Character Principle as a solution to the problem of ethnic tensions arising from inequitable distribution of political power and posts, its relevance to the solution on ethnic tensions and marginalization. Keywords:- National integration, amalgamation, economic development, political power and ethnic tension. I. INTRODUCTION The concept of federal character is a device through which every section of a nation would take part in the decision making process.
    [Show full text]
  • 2009 Third Quarter Budget Implementation Report
    3rd Quarter budget implementation report 2009 3RD QUARTER BUDGET 2009 IMPLEMENTATION REPORT Budget Office of the Federation Federal Ministry of Finance, Abuja i 3rd Quarter budget implementation report 2009 FOREWORD I am delighted to present this 3rd Quarter Budget Implementation Report for 2009, which provides detailed information on the allocation of public resources among competing socio-economic needs through the Federal Budget. These Quarterly Budget Implementation Reports serve as instruments through which the Ministries, Departments and Agencies of Government can be held responsible for the expenditure and revenues they administer, and the achievement of the objectives of government as elucidated in the 7-Point Agenda. Section 30 of the Fiscal Responsibility Act 2007 mandates the preparation and publication of Quarterly Reports to monitor and evaluate the implementation of the Annual Budget. These Quarterly Reports are required to be presented to the Fiscal Responsibility Commission and the Joint Finance Committee of the National Assembly, and are to be widely disseminated to the general public and other stakeholders through electronic and other media. The 2009 1st and 2nd Quarters Budget Implementation Reports were duly published earlier in the year, and the 3rd Quarter Report continues this reporting tradition. The 3rd Quarter Budget Implementation Report is the result of the diligent monitoring, evaluation and analytical work conducted by the Budget Office of the Federation and I commend the team for their hard work and effort. I also recognize the important role of both the Fiscal Responsibility Commission and the National Assembly’s Joint Finance Committee in promoting best practice in public financial management, and I look forward to continuing our cooperative work in this regard.
    [Show full text]
  • S/No Registration Number Candidate Full Name State
    LIST OF SUCCESSFUL CANDIDATES FOR PHYSICAL SCREENING 2018 RECRUITMENT EXERCISE FOR CONSTABLES (ADAMAWA STATE) REGISTRATION LOCAL S/NO NUMBER CANDIDATE FULL NAME STATE GOVERNMENT GENDER 1 ADM/PC/1001000 EVANS LUTONO ADAMAWA DEMSA MALE 2 ADM/PC/1001918 IBRAHIM NZADON YAHAYA ADAMAWA DEMSA MALE 3 ADM/PC/1004500 JULIUS NUMBAMI ELIHU ADAMAWA DEMSA MALE 4 ADM/PC/1006276 KADMIEL PUSHITAYANG ADAMAWA DEMSA MALE 5 ADM/PC/1006739 MUHAMMAD JAFAR A ADAMAWA DEMSA MALE 6 ADM/PC/1007623 WILSON MISHINARAM ADAMAWA DEMSA MALE 7 ADM/PC/1010283 AMOS LINUS ADAMAWA DEMSA MALE 8 ADM/PC/1015520 SIMON SUNDAY ADAMAWA DEMSA MALE 9 ADM/PC/1022435 ZANYE PANASOM ADAMAWA DEMSA MALE 10 ADM/PC/1024856 RAPHAEL RAYON ADAMAWA DEMSA MALE 11 ADM/PC/1025782 MUSA PAUL ADAMAWA DEMSA MALE 12 ADM/PC/1026355 DENHAM HASSAN ADAMAWA DEMSA MALE 13 ADM/PC/1026514 SAMSON GODIYA ADAMAWA DEMSA FEMALE 14 ADM/PC/1029100 GABRIEL TAPWARI ADAMAWA DEMSA MALE 15 ADM/PC/1032470 SAMSON GODIYA ADAMAWA DEMSA FEMALE 16 ADM/PC/1034069 JAMES JIMMY ADAMAWA DEMSA MALE 17 ADM/PC/1036334 DIMAS MURTE BWALMO ADAMAWA DEMSA MALE 18 ADM/PC/1036747 SURAM DAPIKYAM ADAMAWA DEMSA MALE 19 ADM/PC/1039861 GABRIEL CHAMATAM TAPWARI ADAMAWA DEMSA MALE 20 ADM/PC/1044992 ANTIBAS ISHAKU AMOS ADAMAWA DEMSA MALE 21 ADM/PC/1046404 PHINEAS EMMANUEL ADAMAWA DEMSA MALE 22 ADM/PC/1048112 JESSY PETER MANJI ADAMAWA DEMSA MALE 23 ADM/PC/1052092 JULIUS JIL JAMEEL ADAMAWA DEMSA MALE SUCCESSFUL LIST FOR PHYSICAL SCREENING 2018 CONSTABLES RECRUITMENT EXERCISE 5/4/2018 1/271 LIST OF SUCCESSFUL CANDIDATES FOR PHYSICAL SCREENING 2018 RECRUITMENT
    [Show full text]
  • RIGGING THROUGH the COURTS: the Judiciary and Electoral Fraud in Nigeria
    VOLUME 13 NO 2 137 RIGGING THROUGH THE COURTS: The Judiciary and Electoral Fraud in Nigeria Hakeem Onapajo and Ufo Okeke Uzodike Hakeem Onapajo is a PhD candidate in the School of Social Sciences, University of KwaZulu-Natal, South Africa e-mail: [email protected] Ufo Okeke Uzodike is Professor of International Relations, School of Social Sciences, University of KwaZulu-Natal, South Africa e-mail: [email protected] ABSTRACT Since Nigeria’s return to democratic rule in 1999 elections in the country have been accompanied by reports of widespread fraud. A number of studies have illustrated the many ways in which electoral fraud is perpetrated in Nigeria. However, there is yet to be a serious study showing the judicial dimension to such fraud. This study reveals the relationship of the judiciary to electoral fraud. Analysing data sourced from written records (newspaper reports, election observers’ reports, law reports and political party publications) and interviews, the study argues that the structure and condition of the Nigerian judiciary can help to explain the incidence of electoral fraud in the country. It also makes a new contribution to the existing literature on the nature and causes of electoral fraud, showing that non-electoral institutions, especially the judiciary, and non-political elites can be relevant to the explanation of electoral fraud in a country. INTRODUCTION In Nigerian [electoral] politics now, the wisdom is: Don’t waste your time campaigning. Don’t waste your money printing billboards, handbills or posters. Don’t waste your time throwing away money for mobilisation. Just keep your money in the bank and call a very good lawyer and let him tell you the loopholes in the Constitution or the Electoral Act.
    [Show full text]
  • Installation of Terminal Or Other Equipment
    INSTALLATION OF TERMINAL OR OTHER EQUIPMENT S/NO NAME AND ADDRESS OPERATIVE DATE EXPIRY DATE 1. Catoline Engr. Services Ltd. 1st December 2005 30 th November 2010 413A, Lobito Crescent, Wuse II Abuja 2. Mobile Wallet Nig Ltd 1st December 2005 30 th November 2010 3. Moi Green Ridge Communications Co. Ltd. 1st December 2005 30 th November 2010 Plot 595, Chari Close, Maitama – Abuja 4. Gauson Resources & Project Ltd. 1st December 2005 30 th November 2010 49b, Okporo Road, Artillery, port Harcourt, Rivers State 5. El – Ramadan Intl Ltd 1st December 2005 30 th November 2010 No.1 Kontagora Road, Minna Niger State 6. Al – Rantesi Nig Ltd 1st December 2005 30 th November 2010 14, Rabiat Road, Mortgage Atea, Sabon Gari – Gusa, Zamfara State 7. Alajim Ltd 1st December 2005 30 th November 2010 No3, Zaire Road, Bar nawa L/Cost Kaduna 8. Haziz Integrated Resources Ltd 1st December 2005 30 th November 2010 9. GSM Merchant Nig Ltd 1st December 2005 30 th November 2010 10. Kainuwa Communications Ltd 1st December 2005 30 th November 2010 11. Bexel Worldwide Co. Ltd 1st December 2005 30 th November 2010 No3, King Perekule Street, New GRAII Port Harcourt Rivers State 12. Tefen Barka & Co. Ltd 1st December 2005 30 th November 2010 No14, Lamido Lanuwal Road, Yola, Adamawa State 13. Alson & Bros Co. Ltd 1st December 2005 30 th November 2010 1 No.25, St Micheals Road, Aba Abia State 14. Mirk Communications Ltd 1st December 2005 30 th November 2010 Shop No4, Ekeson park Utako Abuja, 15. Open Heavens Network Nig Ltd 1st December 2005 30 th November 2010 Wo 113, Jakpa Road, Effurun Delta State 16.
    [Show full text]