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VOL. 11, NO. 3822 MONDAY, JANUARY 9, 2017 TRTRTRUTH IN DEFENCE OF FREEDOM N200.00 Bakare seeks restructuring, Adeboye to Christians: serve rejig of forex policy HE General Overseer of the Redeemed Chris- God in spirit, in truth ATTER Rain Assembly Pastor Tunde Bakare yester- tian Church of God day called for the restructuring of the federation, the T By Miriam Ekene-Okoro (RCCG) Worldwide, Pastor and embrace God’s camp. Lreform of the foreign exchange regime and an added Enoch Adeboye, yesterday Service held at the Lagos The service featured mu- pep into the administration of President Muhammadu Bu- urged Christians to serve House in Ikeja. sic ministrations, bible read- hari. God in spirit and in truth if He drew his text from Exo- ings and prayers for the na- Buhari’s former running-mate in the 2011 presidential elec- they truly want to experience dus 3:1-8, Genesis 18:1-8 and tion, for Lagos State as well tion made his views known in an address to his church mem- the blessings of God in 2017. Mark 10:46-52 among others as for every citizen of the bers in Lagos which he dubbed “State of the Nation’’ broad- He spoke at the 2017 Annu- and admonished Nigerians to state. Continued on page 6 •Pastor Adeboye...yesterday. al Lagos State Thanksgiving leave the camp of the devil Continued on page 9 •INSIDE:•INSIDE:•INSIDE:HERDSMEN KILL THREE POLICEMEN, SIX OTHERS IN ADAMAWA, NIGER, DELTA PPP666

•Members of the #BringBackOurGirls group led by ex-Minister Oby Ezekwezili (third right) during a march to mark 1000 Days of the Chibok Girls in Boko Haram’s captivity in Abuja...yesterday. PHOTO: ABAYOMI FAYESE EFCC grills five ex-NNPC bosses over $153m transfer Commission moves to seize ex-minister’s posh estate CONOMIC and Financial From Yusuf Alli, Abuja transfer of the funds. He declined to sources. A syndicate was used to per- Crimes Commission (EFCC) name the former officials, saying it petrate the fraud in the oil firm.” Edetectives have questioned two sources, Mrs. Diezani Alison-Madueke could jeopardise the probe. An NNPC source confirmed the in- former Group Managing Directors whose multi-billion naira estate the “We are however not stopping at this terrogation of the former officials. (GMDs) and three former Executive EFCC plans to seize. bend because we discovered that some The source said: “This corporation is Directors (EDs) of the Nigerian Na- One of the former executive directors of these officials were used for many following the development. The EFCC tional Petroleum Corporation is said to have admitted playing a role illicit transactions,” the source said, is on top of the $153million palaver; it (NNPC) over their roles in the trans- in the transfer of the money, which adding: has actually been inviting some of our fer of $153m to some banks. belongs to the corporation. “By the time we extend our investi- past officials for questioning. The cash was wired from NNPC’s An EFCC source confirmed that the gation to crude oil lifting, you will ap- “The good thing is that some of these account to the banks on the directive five ex-officials and a few others had preciate the sleaze during the tenure of former officials are still on NNPC’s of a former Minister of Petroleum Re- •Mrs. Alison-Madueke been quizzed in connection with the Diezani as minister of Petroleum Re- Continued on page 6 •EX-GOVERNOR KURE DIES IN GERMANY AT 60 P9 PUBLISHER BEGS OBASANJO, AWUJALE P7P7P7 2 THE NATION MONDAY, JANUARY 9, 2017 NEWS For years, direct transfer of funds to foreign bank accounts was stress-free for Nigerians. But gone are those days when such transfer was done at low rates. The exchange rate for international bank transfer was at N505 to the dollar at the weekend, painting a gloomy picture of what to come in the months ahead. Stakeholders are calling on the Central Bank of Nigeria (CBN) to fully allow the naira to float. They want the apex bank to launch the process of unifying the multiple exchange rates in the economy, writes COLLINS NWEZE. Will exchange rate unification

•Vice President Yemi Osinbajo(second left) being greeted by Health Minister Issac Adewole (second right) at the Inter-denominational Church Service for the 2017 Armed Forces Remembrance Day at the National Christian Centre in Abuja...yesterday. With them are: Secretary to the Government of the Federation Babachir save the naira? David Lawal (left) and others. HAT the naira is undergoing exchange rates exist, depending on the major crisis is no longer news. purpose and the market where the TBut the declining purchasing dollar is bought or sold, adding that power and exchange rate of the local there is currently a total dysfunction of currency against world currencies, the forex market, which became more especially the dollar, has become pronounced after the June 20 worrisome. implementation of the flexible forex The purchasing power and value of policy. the naira expressed in terms of the He listed them as the budget amount of goods or services that one exchange rate (N305/$); Form ‘M’ unit of it can buy has continued to processing rate (N285/$); Inter-bank decline. rate (N315/$) and International Money Also nose-diving is its exchange rate Transfer Operators (IMTOs) rate (N375/ in international transactions against the $). Also, the BDCs rate (N399/$); dollar. Western Union (N450/$); Airline For the first time in decades, the rate intervention rate (N355/$); pilgrimage for international bank transfers soared rate (N197/$); parallel market rate to N505/$ at the weekend. The naira- (N485/$) and the CBN rate (N305/$). dollar foreign transfer rate has for “I suggest a weighted average rate months resisted the pressure to cross of between N350 and N400 to dollar to the N500/$ mark in all transactions bring calmness to the market and attract despite continuous dollar scarcity. dollar inflows into the economy. Once The new foreign transfer rate of the exchange rate is harmonised, the N505 to the dollar is at least, N200 above parallel market will shape up,” the N305 official rate of exchange, which Gwadabe said. •From left: Benue State Pilgrims Board Secretary Mrs. Elizabeth Edeh, Benue State Deputy Governor’s wife many analysts see as unrealistic and Rewane said the outlook for the Justice Mary Abonu and Mrs. Bathsheba Akor-Onoja after the arrival of 2016 Benue State contingents to ineffective price of the local currency naira for this year can only be clearer Jerusalem in Abuja. PHOTO: ADEJO DAVID. against the greenback. by examining the fundamentals that Managing Director, Financial determine exchange rates. Derivatives Company Limited, He was also puzzled by the country’s Bismarck Rewane, who confirmed the failed attempts to unify its exchange international bank transfer rate at rates, saying: “Forex policies usually N505/$, insisted that the naira under complement trade and investment the current market regulatory policies. The Nigerian government will framework will remain unstable until in 2017 strive towards greater the market is allowed to operate coordination of these policies, and will efficiently. move from its current bias for a He described the state of the official command economy monetary policy exchange rate as unrealistic given that towards a mixed economy. forex traders and users cannot get “I believe that with oil prices at $55pb dollars at that price unconditionally. The and production back up to 2mbpd, the naira was trading at N495 to the dollar naira will slip in the interbank markets in the parallel market at the weekend. to N350-N380 to dollar. It will fall in He said: “Any market structure the parallel market to N520 to dollar where the same product is selling at before recovering sharply to N425 to different prices at the same time is dollar. These projections are based in described in economics as a price the assumption that the market will be discriminating monopoly market reformed and that sanity will return to structure. Typically, this market is what is now essentially a foreign characterised by barriers to entry that exchange asylum.” allow those with influence or He described the forex market as a connections to buy in the cheaper product of policy-making regulatory •Africa International Investment Summit & Expo Chairman/Chief Coordinator Mr Angelo Peter Elosia (right), market, such as N305 to dollar, and sell and market player interaction. discussing with the United Nations (UN) High Commissioner for Refugees Filippo Grandi (left) at the expo in in the more lucrative market, at N500 “Many fundamentals”, he said, “go Abuja...yesterday. With them is the Economic/Commercial Counsellor at the Embassy of Spain in Nigeria to dollar. This is what is probably into the determination of an exchange Pablo Segrelles. PHOTO: NAN. happening right now (round tripping),” rate. These include balance of trade, the he said in an emailed report to investors. terms of trade, investment flows and President of the Association of the international competitiveness of the Bureau De Change Operators of economy. There is also the interest rate/ Nigeria (ABCON), Aminu Gwadabe, inflation differential, which impacts the has called for the harmonisation of the purchasing power parity of the multiple exchange rates currently at currency. play in the country. “When a currency is appropriately No fewer than 10 operational priced, it will be in equilibrium and

The exchange rate vulnerability has resulted in an evolution of the cost structure of many Nigerian companies, and those that survive will be those with adequate strategy aimed at ensuring cost efficiency. Forex losses are one-off expenses that can be managed with adequate strategy. If Nigeria transits into a flexible exchange rate regime, •From left: Ijede Local Council Development Area (LCDA) Sole Administrator Emmanuel Aguda, Administra- then MNCs will be able to hedge against tion Head Adewunmi Ogunbambi, Budget, Planning/Statistics Head Mrs. Hannah Biliaminu and Community Development Committee Chairman Rotimi Ayoku-Owolawi at the 2017 budget stakeholders summit at Ijede both commodity and currency risks Town Hall, Ikorodu, Lagos...at the weekend. THE NATION MONDAY, JANUARY 9, 2017 3 NEWS

•Mrs Adeosun •Rewane

•CBN Headquarters in Abuja •Gwadabe •Ezun will have minimum deviation from the commodity-dependent economy, and currency crisis since crude oil prices in the evolution of the Nigerian of Economic Policy, Dr. Sarah Alade, real equilibrium exchange rate path. therefore vulnerable to exchange rate dropped by about 43 per cent from an financial markets. The Futures market also said that the innovative product When you test the Nigerian case against volatility. Nigerian corporates that average of $100.35 throughout 2014 to is an opportunity to transform risk into will bring liquidity, transparency, a number of these indicators, it is not conduct international trade depend on an average of $57.20 for the first six certainty – a major paradigm shift in price formation and diversification far-fetched to see why the Nigerian Letters of Credit and financing from months of last year. It closed at $55 per the financial markets landscape. into the forex market, making the currency value is misaligned from its parent company. barrel at the weekend. market globally competitive. monetary policy anchors. It is also clear “Parent company credit is an The drastic fall in the price of crude “This innovation offers She said the introduction of the why there has been a slow but integral part of financing for MNCs. oil, which constitutes the largest opportunities for government, OTC Forex Futures market will consistent erosion of confidence in the Prior to the current forex issue, these component of Nigeria’s forex reserves businesses, pension fund encourage end-users to spread out naira.” companies usually used their profit in has cut dollar earnings from about $3.2 administrators, investors and their demand for spot forex deals as Rewane noted that rational investors netting against forex translation losses. billion monthly to about a billion dollar individuals among others to hedge (not they are now able to lock down the and domestic economic agents always “But the significant depreciation of for the same period. This has negatively speculate) to cope with exchange rate exchange rates for future forex make decisions in their own the naira has resulted in monumental impacted on the value of the naira. risk. requirements. enlightened self-interest and not forex translation losses that have wiped The impact is reverberating at home “It also affords the CBN a greater Mrs. Alade said: “This has the because of emotional and irrational out earnings. In addition, making sales and abroad. Parents whose wards opportunity to manage exchange rate potential to eradicate the constant considerations. in naira and having to repay dollar- school abroad are feeling the pang of volatility, thus achieving greater front-loading of forex requirements He went on: “Historically the denominated losses has put margins the dollar scarcity, which makes it market confidence, liquidity, and minimize the disequilibrium in Nigerian economy, and by implication under pressure.” difficult for them to settle tuitions. improvement in business planning, job the spot forex market. the naira, has been a beneficiary of oil Listing some of the affected security, employment, better allocation “End-users will make better windfalls and a victim of oil shortfalls. companies as Lafarge, Guinness, and CBN’s measures to of resources, global competitiveness of judgment as to the timing of accessing History shows that after a windfall, the Nestle, he explained that these losses strengthen naira the Nigerian financial markets, and all the spot forex market. The availability are not peculiar to companies in the naira remains relatively stable for an Some of the measures put in place in all, a thriving economy.” of the OTC forex futures will improve average of five to six years before the stock market as other companies such Koko explained that the OTC Forex the business planning practice of end- as airline have had to bear losses by the CBN to end the crisis include the next oil shock. first Naira-Settled Over-the-Counter Futures contract is an effective exchange users and forex sellers, as the future “Immediately after every shock, the associated with foreign exchange rate management tool supported by a exchange rate is guaranteed through translation. (OTC) Forex Futures Market (FFM) government embarks on adjustment launched on June 27 with FMDQ OTC transparent price driven by two-way the OTC forex futures. measures including devaluation. “The exchange rate vulnerability has quote market. The contracts will assist resulted in an evolution of the cost Securities Exchange and the planned Exchange rate issue However, since 2008 the shocks have resumption of dollar sales to the BDCs. the CBN in managing the volatility in become more frequent and shattering. structure of many Nigerian companies, the spot forex market, thereby as nationa discourse and those that survive will be those The FMDQ OTC Securities The time frame of the shortfalls has also Exchange (FMDQ) is an organisation promoting stability and entrenching been much longer and the impact more with adequate strategy aimed at confidence in the forex market. To Rewane, exchange rate has been ensuring cost efficiency. Forex losses are with the strategic intent of bringing a national discourse in recent time. He devastating.” about revolutionary changes and The spot rate is the price quoted for He said the unified flexible exchange one-off expenses that can be managed immediate settlement on a recalled that the country had suffered with adequate strategy. If Nigeria fostering the development of the similar fate in the past from an overly rate usually forms an important Nigerian financial markets commodity, a security or a currency. component of an interventionist or state transits into a flexible exchange rate The spot rate, also called “spot price,” is con-trolled currency. regime, then MNCs will be able to The CBN had imposed some Rewane said in an on-line report: led economic development model but currency control measures to save the based on the value of an asset at the the consequences include pervasive hedge against both commodity and moment of the quote. “From 1981 to 1985, during a similar currency risks,” he added. naira. In June last year, it curbed access period of control and oil shocks, state intervention in the economy, to the interbank currency market for FMDQ Chairman and CBN Deputy financial repression, restrictive trade According to him, the MNCs have Governor in relative prices did not adjust to restore been able to hedge against commodity importers bringing in a variety of internal and external balances. This led regimes and closed capital accounts. goods. charge He said that multiple exchange rates risk but the vagaries the forex market to low production, economic makes hedging against currency risks In an effort to conserve its dollar distortions, massive retrenchment, always lead to distortionary trade reserves, the bank said importers regimes, exchange controls leading to intractable. Though dampened poverty and higher unemployment. consumer demand has affect revenue could no longer get hard currency “In contrast, from 1986 to 1991, the stunting of the export sector and to buy 41 items, ranging from reduced forex earnings. It has also led growth for Nigerian corporate, effective when the structural adjustment management of forex risks will ensure toothpicks and rice to steel program was introduced, the to misallocation of resources, lower products and private jets as fiscal revenues and a smuggling boom their survival. exchange rate was flexible. Speaking on the state of the exchange well as what the bank Economic data showed that and rent-seeking activities, driven by a classified as finished complex set of administrative controls. rate, Head of Treasury at Ecobank there was increased output, Nigeria, Olakunle Ezun, said the products. better employment figures and Rewane said that for Nigeria to The Naira-Settled OTC escape from this forex trap, the exchange rate uncertainties will persist less poverty. Both periods had due to sustained low oil prices, lower Forex Futures are non- negative oil price shocks. authorities must understand the need deliverable forwards, or a for a properly functioning market. forex reserves, and robust import “Nigeria’s current demand. contract where parties managed floating exchange His explanations: “A well- agree to an exchange rate functioning forex market allows the “We expect a managed interbank rate regime combines features exchange rate of NGN305.50 and a for a pre-determined date of both the fixed and flexible exchange rate to respond to market in the future, without the forces and reduce market distortions. parallel market rate of NGN495 in 2017. exchange rate. A lightly Naira will remain under pressure obligation to deliver the managed floating Russia and Kazakhstan recently did this underlying dollar on the and their currencies sank for a short largely due to a structural imbalance exchange rate regime is between dollar supply and demand, maturity/settlement date. advocated given that the period and then recovered sharply. On On the maturity date, it the other hand, Venezuela fell into the which will be reflected in proliferated exchange rate becomes forex market and rates,” he said. will be assumed that both determined essentially by trap and has become a basket case. parties would have “The CBN will need to eliminate or According to Ezun, inflation will demand and supply forces, likely accelerate towards 20 per cent by transacted at the spot forex while allowing the CBN to phase out regulations that stifle market market rate. The party that activity and create a sense of two-way the end of June this year, driven by fiscal intervene occasionally to expansion, energy cost and high forex would have suffered a loss moderate excessive fluctuations, risk in the market as well as reduce its with the spot forex rate will market making role while stopping cost caused by over 30 per cent naira which are prone in developing devaluation 2016. be paid a settlement amount in countries such as Nigeria.” indirect or overt rate determination.” naira to ensure that both parties The economist also urged the apex bank He said 91-day T-bill yield will Besides, other factors like terms likely remain around 16 per cent enjoy the rate that had been of trade, inflation differential, to increase market information on the guaranteed to each other through sources and uses of foreign exchange through 2017 assuming the CBN public debt, current-account maintains its tight monetary stance the OTC Forex Futures. deficits, interest rates, and be firm in dealing with market FMDQ’s Managing Director/ infractions. while the currently inverted yield curve political stability and the is likely to moderate as we move into Chief Executive Officer Bola Onadele overall economic health Multinational companies hit 2017. Also, bond yields remain Koko said: “The naira-settled determine the relatively elevated between 15 to 16 per OTC Forex Futures exchange rate of a Assistant Manager, Equity Research product is a major currency. at Financial Derivatives Company cent. But, assuming the market’s exchange rate expectations settle they milestone Limited, Augustine Onwunali, development identified the companies at the receiving could start to fall moderately. Ezun predicted that a further decline end of exchange rate translation losses •Emefiele as mostly multinational companies in oil prices, will add pressure on forex (MNCs). reserves, and in turn undermines He said: “Nigeria is an import and naira. Nigeria has been grappling with 4 THE NATION MONDAY, JANUARY 9, 2017 CITYBEATS CITYBEATS LINES: 08034479676, 09053608115 Owner gives out cloth as fire guts store IRE swept through By Temitayo Ayetoto Brasas Mega Fabric F store at Balogun mar- Sari Iganmu and on arrival, ket on Lagos Island, destroy- we discovered that the fire ing expensive lace materials was serious and we won’t be worth millions of naira. able to dampen it quickly. The Other materials destroyed fire trucks were strategically were bridal clothing. positioned at the rear of the The cause of the fire, which building and front for the fire started around 9am on Satur- fighting operation. The build- day, could not be ascertained ing is about 5-storey but our as at press time yesterday. prompt response prevented The distraught store owner the fire from spreading to ordered that the remnants of other floors. We are always those materials and others careful anytime there is fire partially affected be given on the Island. You can physi- away. There was a tussle as cally see that the space be- people struggled to get hold tween these buildings is very of the materials. narrow that it can only oc- Lagos State Fire Service Di- cupy a pipe. So, if there is an rector Mr Rasaq Fadipe, said outbreak of fire on the island, four fire trucks were de- it spreads rapidly and it’s the ployed from Ilupeju and reason we don’t joke with it Isolo and two from the at all. The first thing we did Alausa headquarters to the was to make sure that there scene. was an opening for people to He said the fire stoked by come out of the building be- the stockpiling of flammable cause there are a lot of struc- materials in the shops. tures in the building and Fadipe advised traders people didn’t know there was against blocking ventilation an outbreak of fire. channels to ease safety men’s “There is no small fire. Any work during disasters. fire outbreak will be followed He said: “Around 10:49am, by a sort of destruction, so we the distress call came in to the advise that when they are state fire service that there stockpiling, they should leave was an outbreak of fire on the spaces. Secondly it is impor- island close to the Nigerian tant for them to open door for Insurance House that went in fire service inspection for flames in 2014. I quickly dis- their own safety.” patched the fire truck from Task force dislodges traders from Tinubu arcade AGOS State Environ- By Oziegbe Okoeki mental Sanitation and Special Offences Unit ing the pre-colonial era. L The task force chairman, (Task Force) and Kick Olayinka Egbeyemi, a Superin- •Crowd struggling for the cloth Against Indiscipline (KAI) tendent of Police, said environ- operatives have dislodged mental nuisance, particularly street traders/hawkers from street trading/hawking around the ‘Tinubu Monumental Ar- Tinubu Square and all other Driver steals ex-master’s car, TV, dog cade’ on Lagos Island. “monumental arcades” pro- The operation is in further- vided by Governor 24–YEAR old driver ance of the government’s re- Akinwunmi Ambode was be- Abass Ope, has alleg- solve to protect all monu- coming worrisome. Aedly stolen some of his mental arcades from street He urged market leaders to former master’s properties. traders/hawkers and envi- warn traders and hawkers to Ope, the Rapid Response ronmental nuisance. stop selling around those places. Squad (RRS) alleged in a state- According to the govern- Meanwhile, the task force has ment issued yesterday, stole a ment, many of these “monu- relocated from Ikeja to the Toyota Avensis, two televi- mental arcades” are “primarily Multi-purpose Agency Com- sion and a dog from Mr meant to preserve our cultural plex at Bolade Oshodi opposite Ifoghale Ekinodo’s Magodo heritage and to serve as archives the Arena complex. GRA home last month. for academic research”, others The relocation is to He was said to have commit- were provided for relaxation strengthen the task force’s ted the act with Balogun and were named after heroes others’ operations. Oluwaseun, 23, Sanni Azeez, of this country. Other relocated agencies in- 23 and Stephen Ewiele, 22. The “Tinubu Arcade” clude Lagos State Emergency Ope was arrested at which was re-constructed by Management Agency Ojuelegba by RRS Decoy the present administration (LASEMA), KAI, Nigeria Le- Team last December 26 while •Ope was named after Madam gion and Lagos State Envi- trying to sell the Toyota Efunroye Tinubu (1810 - ronmental Sanitation Mobile Avensis 2013 model marked like a son. Apart from my wife, 1887), a leading trader dur- Courts. AGL 734 AR for N2 million. he was the closest person to Ope, the RRS claimed, me. This is a guy that did my stormed the home of Ekinodo, shopping for me. Even, before Traditional rulers woo who was holidaying in Delta I buy anything for myself, I State, last month with another bought for him first. How can investors to Ibeju-Lekki person to remove a 100-inch I owe him eight– month sal- AALE Okun Mopo, a vestment would create em- LCD TV, 42 inch LCD TV, a •Ope with the ‘stolen’ items ary when he never worked for Community in Ibeju- ployment for teeming the dog, a suitcase, two DSTV de- me in those periods? Did he Lekki Local Govern- youths. coders and the car. By Tajudeen Adebanjo months’ salary; this inform me that I owed him? B prompted me to take his ment, High Chief Lamoriu According to him, Okun The suspect went to the had no money to take care of He was never in my house in Isiaka, has called on local Mopo is not only a politically house after learning that myself and younger ones. property and the vehicle. the periods he claimed. I called and foreign investors to take stable community but also Ekinodo travelled and the They had no clothes, no shoes “The auto dealer wanted him more than twice when I advantage of the abundant blessed with a vibrant people gatekeeper was not around. and this is Yuletide season. to pay N2 million for the car got the report of the break in. resources in the community whose great influence. The suspect, the statement They looked up to me to take but I insisted on N4 Million He told me he knew nothing to invest in Agric and Agro- Also speaking Baale Mopo said, knew where the care of these expenses. because I know it is worth about it. If he had told me he allied businesses. Akinlade, Chief Sakiru Ekinodo keeps his keys. “It was about three months more than that. He offered needed money, I would have Lamoriu said Okun Mopo Akinlade said his commu- On learning of the theft now that I left Mr Ekinodo. I me N1million instantly and given him because we were is blessed with land full of nity had put all measures in Ekinodo called the suspect had worked for him for four that the balance would be still very close despite the fact natural potential. place to entrench the en- many times to tell him of the years before leaving him in ready in about few minutes that he was no longer work- He said with local and for- abling environment for lo- incident but he denied August. I left because he had a time, but I decided to ignore ing for me.” eign investors tapping into cal and foreign investors. knowledge of it. little challenge and things the offer hoping that the Police spokesperson Dolapo the huge resources available He said already five local Ekinodo cut short his holi- were pretty tough for him. I dealer would call me back Badmos, a Superintendent (SP), in the community, Okun investors were on ground day to report the incident at left so that he could have him- for a re-negotiation. urged the public to always do Mopo would develop socially doing business without any Magodo Police Station. self sorted out. “I went back to Ojuelegba a background check on their and economically in no dis- hindrances, stressing that the Ope reportedly told the “He was a very nice boss to few hours later in company domestic staff in order to avoid tant time, stressing that as the Lagos State Government has RRS that he committed the work with. He enrolled me of three of my friends, that such incidents. traditional ruler, he was ready been called upon to take a act to meet his siblings’ into university but I couldn’t was when RRS operatives She said the suspects have to give land free of charge to number of reforms to make Christmas needs. continue the education when arrested us.” been transferred to the State interested investors. Mapo Akinlade a haven for RRS quoted Abass as say- I left him. While he had this Ekinodo said: “I am in Criminal Investigation De- He explained that such in- investment. ing: “I took the car because I challenge, he owed me eight shock. This is a guy I treated partment (SCID) Yaba. THE NATION MONDAY, JANUARY 9, 2017 5 CITYBEATS CITYBEATS LINES: 08034479676, 09053608115 NSCDC seals off 13 fuel stations HE Lagos State Command of the Ni- Station at Mowo Extension, Energy Filling geria Security and Civil Defence Station at Mowo and Labs Filling Station, T Corps (NSCDC) yesterday sealed off Mowo. Also sealed are Energy Filling Sta- 13 filling stations for allegedly under dis- tion and Ramos Filling Station, Aradagun pensing petroleum products. and two Total Filling Stations at Toga. Its Public Relations Officer (PRO) Miss “Others Are MRS Filling Station at Toga, Kenny Bada, told the News Agency of Nige- JINMS Filling Station at Badagry Round- ria (NAN) that NSCDC carried out the exer- about, Jackson Filling Station at Seme- cise in collaboration with the Department of Badagry, Olubisi Obinja Nig. Ltd at Joseph Petroleum Resources (DPR). Dosu Way, and Nybo Filling Station Saw- She said: “The men of NSCDC, through the mill Bus Stop.” Intelligence Department, uncovered 13 fill- Bada said the operation followed intelli- ing stations in Badagry axis known for sell- gence gathering by the men of the corps. ing petroleum products to unsuspecting pub- She quoted NSCDC Commandant Tajudeen lic below the stipulated dispensing measure- Balogun as saying that it is not the duty of the ment. corps to seal off filling stations found to be “These filling stations were sealed off last involved in malpractices, “hence, the need for Thursday. They include Falcons Filling Sta- collaboration with the DPR, statutorily man- tion at MTN Bus Stop; Royal Stream Filling dated to carry out this exercise.’’ Stakeholders move to dislodge illegal settlers ARELY 24 hours after a and others.” pro-environment non- We are aware that Williams said the earlier governmental the prompt re- government and other stake- B ‘ holders take decisive action organisation, Safe Habitat called on the Lagos State Gov- sponse by the state against such settlements and •The building of the burnt store ernment and relevant stake- and the relevant shanties the better for the en- holders to show serious inter- stakeholders is to vironment, lawful residents est in the activities of aliens and business development of from neighbouring countries disallow fleeing the area and the state as a and criminals fleeing from Boko Haram insur- whole. other parts of the country in gents dislodged In a follow up statement on some riverine communities in Sunday, Safe Habitat said “we the state, there are strong in- from the North are glad to update members dications that efforts are on to East, Niger Delta of the public that further in- dislodge them and remove militants and other formation reaching us after their shanties any moment our statement on Saturday in- from now. criminal elements dicates that both the state gov- The group with focus on en- from neighbouring ernment and the relevant vironmental safety had in a countries from hav- stakeholders in Eti-Osa local statement by its Executive Di- government area of the state rector, Ade Williams on Sat- ing a foothold in have started taking steps to urday said “we are concerned Eti-Osa remove the shanties in Ebute about information reaching us Ikate Elegushi to stop the en- ’ trenchment of environmental that some aliens and criminals in Eti-Osa local government fleeing from law enforcement area of the state, where they nuisance and security threats agencies have formed the habit constitute environmental nui- coming from the community.” of creating illegal settlements sance and launch criminal at- While commending Gover- and shanties in some water tacks against residents of nor Akinwunmi Ambode, the •A man carting away lace front communities especially Lekki, Ikoyi, Victoria Island Elegushi Royal Family and the Ikate Elegushi Residents Asso- ciation for rising up to the chal- lenge, Safe Habitat noted that Traders condemn Olorunsogo the Lagos government had taken similar action last year to rid Ikoyi and Victoria Island market demolition of such environmental nui- RADERS of the sance. Olorunsogo Ultra Mod- Williams said past govern- Tern Market yesterday ment in the state had equally condemned Saturday’s demo- summoned the same will to lition of their shops by the gov- cleanse Kuramo beach of ernment. criminal activities in 2007 by They alleged that they were dislodging illegal settlers not given quit notice before the erecting shanties there. exercise. Williams said: “We are A trader who simply gave his aware that the prompt re- name as Augustine said: “The sponse by the state and the rel- matter is already in court and evant stakeholders is to disal- the last adjournment date now low fleeing Boko Haram in- is February 9. The case we are surgents dislodged from the making with the state and the North East, Niger Delta mili- Onigbongbo Local Council tants and other criminal ele- Development Area, is that they •Chinwe ments from neighbouring should relocate us and compen- countries from having a foot- sate the shop owners, not trad- A tailor, Chienwe, said: “I hold in Eti-Osa and indeed ers. Anybody can be a trader can’t understand. When they Lagos state. We indeed com- but the legitimate owners that asked us to park, I thought they mend this and urge all stake- bought the shop from the gov- were joking. The next thing was holders to mobilise support for ernment must be compensated. that someone called me that the effort. That is what is obtainable in there was demolition ongoing. “We can also remember that any civil society anywhere.” The only thing I saved from my sometimes in September 2014, Augustine added: “By the •Traders scrabbling for the remnants of their goods shop is my machine. Up till now, a fight reportedly broke out at gravity of what has happened I don’t get myself. We don’t the shanties at Ebute Ikate, to me, I am losing N10million By Temitayo Ayetoto home around 12am when they way but it won’t kill myself of know the reason why they de- Ikateland between rival worth of goods because I lost called me but I couldn’t come steal.” molished.” groups of Delta/Eastern ex- all. I bought my shops for oper. So we are all surprised until 4am this morning. I was A live chicken seller, She pleaded with the govern- traction on the one hand and N2.5million and I have two that at about 12am, when people not able to rescue anything. I Olayinka Adebimpe said: ment to always allow people to their Egun counterpart on the stores; an open block and an- were sleeping, they called that sell and sow curtains. We were “They told us since last year and pack their belongings before other as a result of which one other lock up shop. There is no the bulldozer was here, take informed that they were going we begged them to wait till demolition. Ogosu, the Egun cult leader formal eviction notice given to your things, else we will bull- to break this place but we didn’t January. So we expected them The Babaloja, Lukman allegedly killed one Daniel the market. It is only based on doze them. How can it be pos- really understand it then. There to notify us of the date they are Adeyemo, debunked the claim Edet who belonged to the ri- mere hearsay through our sible for someone to evacuate are two parties in the market. coming but we didn’t know. that the traders were not in- val group; but due to the people. Government officials his wares under two minutes? A group were saying that it They ought to tell us. The rea- formed, saying: “It is not true timely intervention of police- through their agencies cannot It is uncalled for, disheartening would happen, others said son why we waited was be- that we didn’t tell them. It was men from Ilasan Police Sta- come to claim that they came and inhumane. My source of nothing would happen. My cause we were expecting the government itself that built the tion, the clash was prevented here for once, summoned the livelihood as I speak with you take is that if our government payment promised us because market and sold to us. We regu- from escalating into a full- marketers, or shop owners to has been destroyed. In less than is good, when they arrived here we bought the shops with full larly pay levies to the local gov- fledged internecine, tribal war. leave for demolition. Even six days, my children will re- with armoured vehicles, they allocation. I bought mine for ernment here. What the govern- These are just a few of the sev- from the hearsay, they told sume school, where will I get should have waited and by this N450,000 from the contractors ment told us was that a bigger eral incidences of environmen- them that they are going to re- their school fees. “There are no morning, people will come and and I was given allocation di- shopping mall will replaced tal nuisance in that part of the locate the traders somewhere jobs and the place we are using get their goods before they rectly from government. That this. So rather than having for state we can mention now, in at Tipper Garage Ojota, and to manage ourselves is still de- start demolishing. It was the was our expectation. We know instance, 200 people patronise addition to the current secu- still pay us compensation be- stroyed”. same thing that happened to the we can’t fight the government. here, about 10,000 would. They rity threat these shanties con- cause that was the agreement A curtain seller who gave his other side, so it’s not new. I feel All my chickens are dead. We promised to return and even stitute to the entire state at the between them and the devel- name as Ekene said: “I was at so bad to begin the year this were pursued with tear gas.” compensate everyone.” moment.” 6 THE NATION MONDAY, JANUARY 9, 2017 NEWS

•Lagos State Governor Akinwunmi Ambode (third right); his wife, Bolanle (third left); General Overseer, Redeemed Christian Church of God (RCCG) Worldwide, Pastor Enoch Adeboye (second right); his wife, Pastor (Mrs) Folu (right); Senator Olamilekan Solomon Adeola (left) and his wife, Temitope (second left) during the Year 2017 Annual Thanksgiving Service at the Lagos House, Ikeja...yesterday. Herdsmen kill three policemen, six others in Adamawa, Niger, Delta attacks EFCC grills five ex-NNPC HE herdsmen’s reign of bosses over $153m transfer terror continued at the Governor orders tight security weekend with attacks in Continued from page 1 temporary forfeiture pending T DAMAWA State Governor Muhammed From Yusuf Alli, Abuja pension roll. They can be re- the arraignment and trial of the Adamawa and Niger States, causing the death of three riot Umar Jibrilla has directed security agen- “This is totally unacceptable. The Delegations called at any time for clarifica- ex-minister either in Nigeria or policemen and two other miss- A cies to deploy more personnel to ensure which were led by Deputy Governor Martins tion of some issues. in the United Kingdom. ing A man was killed in Niger that the security of lives and properties in Dem- Babale and supported fully by both the Hama The source declined to name A source in the commission State, many were injured sa Local Government is guaranteed. Bachama and Hama Bata had achieved a great those quizzed by EFCC, say- said: “Since we recorded the In Delta, no fewer five peo- A statement by the Commissioner for Informa- mileage in igniting an enduring peace process. ing he would need to check breakthrough, our legal unit ple have been found dead in tion, Mr. Ahmad Sajoh said: “His Excellency the “His Excellency feels the attacks on Kwayine, with the administration and has been working round the some communities, believed to Executive Governor of Adamawa State, Senator Gidan Dadi and Karlahi villages are unfortu- security departments. clock on how to seek the nod have been killed after the Muhammad Umar Jibrilla received the news of nate, unwarranted and totally unacceptable to The source said NNPC could of the court for a temporary herdsmen’s attack. the recent unfortunate attacks at Kwayine, Gidan the Government of Adamawa State because it not react to the ruling of a Fed- forfeiture order. Dadi and Karlahi Villages, of Demsa Local Gov- is capable of derailing the peace process initi- eral High Court on the “We have obtained relevant The police Adamwa in Ad- ernment with great sadness especially consider- amawa State yesterday con- ated by the State Government led by Deputy $153million without “getting data from Bayelsa State Geo- ing the fact that he had just issued a directive on Governor Martins Nasir Babale which has won necessary legal advice”. graphic Information System. firmed the killing of three riot peace building and winning the confidence of the the confidence of the people and is on the way policemen and the disappear- “Our board is meeting on the As a matter of fact, the estate citizens on peace and unity. to address the peace imperative in the area. is coded as BGIS/OK/02/16/ ance of two others in an attack “The Governor feels highly disturbed that af- $153million saga and other “The attacks which the Governor learnt result- matters on January 30. What 310 by the agency. by suspected herdsmen in ter he had sent delegations on Wednesday, Thurs- ed in unnecessary loss of some lives including Demsa Local Government we are doing now is to get the “We will file the required day, Friday and Saturday to interface with the dif- security personnel and the loss of countless application for the seizure of Area. ferent communities in the area, a clash could oc- properties is callous and totally condemnable.” proceedings of the Federal The policemen were among cur so soon thereafter. High Court of Friday. We have the estate pending the arraign- those drafted to secure Kway- a very articulate Legal Depart- ment and the conclusion of the trial of the ex-Minister. This is ine, Gidan Dadi and Karlahi From Justina Asishana, Minna ment which will study it. injured – some seriously - in a tlers. “NNPC is a corporation with a standard benchmark al- communities after clashes that and Bolaji Ogundele, Warri midnight attack by cattle rus- A source said the boy came followed the killing of 47 cattle a board and a chairman. The lowed by the law. We are cer- tlers in Angwar Umadi Village out to ease himself, unknown legal advice will determine our tainly heading for the court.” in the area. “On the side of the civilians, in Shiroro local government to him that the bandits were Spokesman of Adamawa po- two bodies have so far been re- next step after the board’s Sections 26 and 29 of the area. operating at about midnight. meeting. EFCC Act read in part: “Any lice, Mr. Othman Abubakar, covered,” Othman said. The attack came barely 24 The cattle rustlers who were said four rifles belonging to the The spokesman said the po- “If the court indicts any property subject to forfeiture hours after the state govern- about 40 were said to have op- former officials, the corpora- under this Act may be seized policemen were also missing. lice had succeeded in killing ment had assured the people of erated for about an hour shoot- “Fulani militia attacked the scores of the militias who how- tion can still exercise disciplin- by the commission in the fol- Shiroro and Rafi local govern- ing and stabbing villagers who ary control on them.” lowing circumstances- (a) the three villages and we lost three ever escaped with their dead ment areas of its readiness to tried to escape. of our gallant MOPOL while ones. The EFCC has started the seizure is incidental to an ar- tackle the upsurge in cases of One of the villagers, Isaiah process of seizing a sprawling rest or search; or (b) in the case two are missing. Abubakar said more police- kidnapping and cattle rustling. Baga said that 212 cattle and a “We have constituted a high- men had been drafted to the estate in Yenagoa, which was of property liable to forfeiture The deceased identified as a number of sheep were taken traced to Mrs Alison-Ma- upon process issued by the powered search team and by affected areas. 19 year old senior secondary away. Seven new motorcycles the special grace of God, we are In Niger State, one person dueke. Court following an application school (SSS11) pupil, was shot were also taken away. The asset will be placed on going to recover our men. was killed and 15 others were at close range by the armed rus- Continued on page 9 Continued on page 9 Bakare seeks restructuring, rejig of forex policy Continued from page 1 ing at the forefront of the quest tude to God that our genera- three ministries of education not so favourable to others, cast. It was with the theme: for change. tion preceded theirs. headed by three ministers in and without doubt confusing ”Looking into the future with ”Mr. President and his team “May 2017 be the year we the entire country and they for potential investors – must the eyes of faith.’’ must summon the courage to look into the future with the were responsible for the rapid be discarded while a more re- He said: “It is unfortunate make hard choices, especially eyes of faith and take steps to educational advancement that liable and predictable ex- that the ‘change’ mantra “that the choice to restructure and accomplish all that we know is took place in that era as the change rate, mutually benefi- was once the rallying cry for the choice to embrace the nec- possible,’’’ he said. regions competed through cial to our people and econo- progressive development has essary self-sacrifice that pre- Pastor Bakare explained: “To such policies as free education my and attractive to foreign now become associated with cedes economic recovery. understand why we must re- to achieve socioeconomic de- investors, should be put in retrogression and suffering.” “May 29 this year will mark structure, let us take a quick velopment. place, He recalled that Nigeria’s two full years of this adminis- look, for example, at the ad- “Today, we have 36 minis- “Similarly, prohibitive and founding fathers agreed that tration in government. We ministration of education in tries and 36 commissioners for punitive interest rates must be Nigeria would be “a truly fed- have no more time to waste. Nigeria. At Independence, the education which, together lowered in order to liberate the eral state with limited and spe- “Mr President must galvan- entire Northern Region, which with the federal ministry of creative ingenuity of our peo- cific powers allocated to the ise his team to get the job done; comprises the current 19 north- education, consume a huge ple as well as encourage those •Pastor Bakare Federal Government, and re- square pegs in round holes ern states, had one Ministry of chunk of the limited education who can access mortgages at sidual powers inherent in the must be removed or put in ap- Education headed by one min- budget through recurrent ex- affordable rates to become ho- tomobiles — skyrocketed. regional governments”. propriate places. ister. penditure.” meowners, especially if our ”It is time to demonstrate According to him, this agree- “It is time to demonstrate “The entire Western Region, Pastor Bakare said Nigerians Pension Scheme is up-to-date leadership, wise judgment and ment was the social contract leadership, wise judgment and which comprises the current were grappling with are the and robust. astute public policy that guar- upon which the Nigerian state astute public policy that guar- six states in the Southwest and consequences of the economic “The multiplier effect of the antees stable and prosperous was formed. antee stable and prosperous roughly two states in the South policies of the Buhari admin- removal of these bottlenecks in nationhood upon a foundation Pastor Bakare said that this nationhood upon a foundation South, had one Ministry of istration. our economy will cushion the of peace; it is time to build a social contract was broken on of peace, and build a well-or- Education headed by one min- He said the policies, especial- effect of the current recession well-ordered nation with May 24, 1966, through the Uni- dered nation with strong insti- ister. The entire Eastern Re- ly on exchange and interest on our people,” the preacher strong institutions dispensing fication Decree by the late Gen. tutions dispensing justice. gion, which comprises rough- rate, should be discarded said. J.T.U. Aguiyi-Ironsi’s adminis- “It is time to arise with patri- ly five states in the current forthwith and more pragmat- The cleric also decried alarm- Continued on page 9 tration. otic zeal, to build a great na- South East and four states in ic ones implemented. ing levels of inflation in the He said President Muham- tion such that years from now, the current South South had “To begin with, the confus- country, which he said had ADVERT HOTLINES madu Buhari had the oppor- generations yet unborn will one Ministry of Education with ing and discriminatory multi- seen the prices of everything 08023006969, tunity to provide the leader- look back at their history, not one minister. ple dollar to naira exchange —from staple food supplies to ship Nigerians wanted by be- with disdain, but with grati- “Therefore, there were only rates – favourable to some and electronic appliances and au- 08052592524 THE NATION MONDAY, JANUARY 9, 2017 7 NEWS Rivers PDP chairman condemns dismissal of six policemen attached to Wike HE Rivers State Chair- From Bisi Olaniyi, eo at collation centres. democracy, if not checked. man of Peoples Demo- Port Harcourt The affected police- He stated that the IGP’s state- The six policemen were dis- Tcratic Party (PDP), Chief shame. men are AP/No.177893, ment in justifying his sack of missed for alleged unethical Felix Obuah, has condemned He accused the Inspector- ex. Inspr. Eyong Victor; the six policemen did not stand conduct during the December Friday's dismissal of six police- General of Police (IGP), Ibrahim the test of reason, wondering 10 last year's controversial and men attached to Governor Nye- Idris, for insulting the sensibil- F/No. 400872, ex. Sgt why those policemen, soldiers bloody legislative rerun in Riv- som Wike, describing it as the ities of Nigerians, on his remark Peter Ekpo; F/ and SARS personnel who alleg- ers state. height of injustice. that the dismissed policemen No.374585, ex. Sgt Ogu- edly accompanied APC leaders The IGP stated that the six He noted that the humilia- engaged in professional mis- to the same Port Harcourt City errant policemen flouted his tion of the six "innocent" police- ni Goodluck; F/No. Local Government Council sec- directive not to support politi- conduct, insisting that the dis- •Felix Obuah men, which was beamed on missed policemen were statu- 385870, ex. Sgt. Orji retariat had not been sacked cians to rig elections. national television, showed torily mandated to protect Nwoke; F/No. 234216 and tried for professional mis- The affected policemen are found guilty of breaching the the police authorities alleged- Wike, who is the chief security conduct. AP/No.177893, ex. Inspr. Eyong police conduct, despite warn- ly acted the script of leaders of officer of the state. ex. Sgt. Okpe Ezekiel Obuah lamented that the al- Victor; F/No. 400872, ex. Sgt ings from the IGP, according to the All Progressives Congress Rivers PDP chairman chal- and F/No. 437983, ex. legedly reckless actions by the Peter Ekpo; F/No.374585, ex. the police spokesperson, Dan (APC), who he claimed were lenged the IGP to explain to Sgt. Tanko Akor police authorities was the prod- Sgt Oguni Goodluck; F/No. Awunah, who insisted that in not favoured by the outcome Nigerians the status of the le- uct of the politics of despera- 385870, ex. Sgt. Orji Nwoke; F/ the case of the recent parlia- of the just-concluded December gion of policemen of the Spe- tion, as institutionalised by the No. 234216 ex. Sgt. Okpe Ezek- mentary elections in Rivers, 10 legislative rerun. side, Magnus Abe, Barry Mpi- APC, warning that the spate of iel and F/No. 437983, ex. Sgt. Idris' resolve to secure the pro- cial Anti-Robbery Squad (SARS) gi, Derrick Mene and others, Obuah berated the police and soldiers who accompanied brigandage against Nigerians Tanko Akor. cess was reciprocated with the authorities for allowing them- including Akin Fakorede and could plunge the country into The police authorities stat- unethical conduct of some "bad APC leaders, especially Rotimi other policemen caught on vid- selves to be used in the show of Amaechi, Dr. Dakuku Peter- chaos and ruin the renascent ed that the six policemen were eggs" within the police force. NGOs sign MoU on parenting ATIONAL Council of Women Societies ‘The book is a N(NCWS), Nigeria and treasure to be well Centre for Family Peace Initiative (CFPI) have signed guarded as it contains a Memorandum of well thought out quotes Understanding (MoU), to that have the inherent promote quality child education and responsible capacity to make our parenting in schools and world the ideal’ homes across the country. The NGOs will collaborate most important teachers of to motivate, encourage and children, would benefit from challenge parents and teachers the book as it had the capacity to be the best they can be in to positively impact parents the task of moulding the and teachers for the good of character of children. children. The MoU will culminate in The Executive Director, the public presentation of a Centre for Family Peace Parent-Teacher Motivational Initiative, Mr. Chinedum Handbook, a book on Ikogwe, the former Abuja capacity building for the Bureau Chief of Ovation academic excellence and International Magazine, who sound moral upbringing of compiled the book, lamented children. Parent-Teacher the precarious state of the From left: Frontline Communication and Leadership expert Mr Richmond Dayo Johnson (RDJ), Mrs Dayo Johnson and Mrs Motivational Handbook is educational system, as well as Yetunde Bankole Bernard, also known as "Identity Coach", at the launching of RECALL, a set of personal development tools published by Centre for the prevailing weak family created by Mrs Bankole-Bernardin Lagos recently in Lagos. Family Peace Initiative, a structure in Nigeria, adding marriage and family focused that today’s children were at Non-Governmental great risk. He, therefore, Ogundokun urges Obasanjo, Awujale to reconcile Organisation that is based in stressed on the need for all Abuja. stakeholders to motivate and ORMER President Oluse- From Adesoji Adeniyi, Ogundokun said he could the confidence of Oba Adeto- Ondo State Governor Dr. Osogbo encourage parents and gun Obasanjo and the still remember how Obasanjo na before he wrote the book, Olusegun Mimiko, who wrote teachers to rise to their Awujale of Ijebuland, intervened and resolved the which is causing between F member that many Nigerians the foreword to the book, said responsibilities to children. Oba Sikiru Adetona, have been feud between Oba Adetona and them. the book “is a treasure to be He expressed his gratitude advised to settle their differ- were looking up to them as the former Ogun State gover- “I suggest to Yoruba lead- leaders. well guarded as it contains to the management and staff ences. nor, Chief Olabisi Onabanjo. ers to employ the tools of dis- well thought out quotes that of NCWS as he stated that the Speaking with reporters in According to him, there He said: “Both former Pres- cipline, love and respect for were many channels open to have the inherent capacity to collaboration would enable Osogbo, Osun State, a former ident Obasanjo and Oba Adet- one another before commit- make our world the ideal.” the two credible NGOs to publisher, Chief Abiola Ogun- them to resolve their differenc- ona are respected leaders and ting any matter to book. Once es other than statements being The National President of collectively raise funds from dokun, appealed to the duo to they should not forget that all there is a disaffection as a re- NCWS, Chief Gloria Laraba charitable corporate give peace a chance following credited to them daily on the eyes are on them because sult of sharp disagreement on pages of the newspapers. Shoda, said her organisation organisations and individuals their hot exchanges on busi- many Nigerians are looking issues its wound hardly heals. was pleased to partner the to mass-produce the Book and ness mongul and Chairman of He advised Obasanjo and on to see how they would be We should note that leaders in Awujale to think of the good Centre for Family Peace give out copies to teachers in Globacom Communications, able to resolve their differenc- other tribes don’t fight dirty on Initiative on the book. She primary and secondary Mike AdenugaJr. things that they had shared in es amicably. I believe former the pages of the newspapers.” the past. posited that women as schools across the country at He said they should re- President Obasanjo deserve mothers, being the first and no cost to them. Cut on import duties ‘ll boost economy, says Kashamu THE Senator represent- agree with every policy of the faith over confusion and fear. Kashamu flayed Fayose for of the party they belong. ing Ogun East Senato- current government, it must be Let us see the cup as half-full his frequent attacks on the "It is ungodly to do other- Trial District, Buruji done constructively. instead of half-empty. Let us President Muhammadu wise. It is a rebellion against Kashamu, has commended the His words: “While I reckon put on our thinking caps, look Buhari-led administration, constituted authority. Federal Government for the that we may not all agree with inwards and tap into our in- saying every issue must not be I say this because I am not cut on import duties for 173 the policies of the government nate enterprising abilities as a politicised. unmindful of the antics of a items, describing the move as all of the time and also appre- people and continue to contrib- According to him, the gov- Governor in the South West one that will “boost industry ciate the fact that, as a people, ute to the growth and devel- ernor is only trying to pull the who claims to have taken on and rejuvenate the small-scale we are faced with some chal- opment of our dear Native wool over the eyes of party the toga of the 'leader or voice sector of the economy”. lenges, the way to go is not to Land, for, as it is said, though members to cover his tracks. of the opposition.' Let us not “That good news is coming seek to pull down the roof on tongues and tribe may differ, He appealed to the Yoruba be deceived; he is not. on the heels of the recovery of our heads. in brotherhood we stand. In people to ignore what he de- "As you probably would Sambisa Forest and the hugely “As patriotic citizens, we spite of what the naysayers scribed as the "doomsday pre- have known, he is only trying successful anti-corruption cam- should show empathy, sup- might be saying, the truth is dictions" of the Ekiti governor to pull the wool over our eyes •Kashamu paign which has saved the port and offer constructive ad- that there are opportunities ev- and rally round the govern- in order to cover up his tracks. country trillions of naira. With vice through the appropriate erywhere.” ment towards rebuilding the He seeks to use his rabid at- all these, our economy should doomsday predictions and channel and not seek to play Kashamu also took a swipe nation. tacks on the President come together in unity and en- experience a rebound,” he said. to the gallery by consistently at Governor Ayodele Fayose Kashamu said, "I have con- Muhammadu Buhari-led Fed- Kashamu, who spoke yes- courage the efforts of this gov- painting a gloomy picture and for his role in the leadership tinually stressed the need for eral Government as a cover ernment that are geared to- terday in Ijebu Igbo, Ijebu wishing Nigeria and Nigeri- crisis rocking the Peoples us to encourage those it has when called to account for his North Local Government Area wards rebuilding our country. ans bad whereas experts and Democratic Party (PDP). pleased the Almighty Allah to deeds in and out of office. "That way, we will be in a while addressing leaders of the more knowledgeable people At the meeting, 1,500 mem- choose for us as our leaders at "He is the architect of the PDP and some members of the position to get the best for our are saying that things will im- bers of the APC in Ogun West the various levels of govern- leadership crisis rocking our people in the scheme of things. All Progressives Congress prove with faith in God and Senatorial District defected and ment beginning from Mr. In- party in the South West and at (APC) who defected to the Let us not allow the arrogance support for our leaders at vari- were received by the state PDP tegrity himself, President the national level. Let all our and indiscretions of one man PDP, said while it is true that ous levels. Chairman, Chief Adebayo Muhammadu Buhari to the elders and true sons and daugh- an opposition party may not rob us of the good that should “Let us choose courage and Dayo. last but not least, irrespective ters in Yorubaland ignore his come to Yorubaland." 8 THE NATION MONDAY, JANUARY 9, 2017 NEWS

•Kogi State Governor Yahaya Adoza Bello (third right), HRM, Ohinoyi of Ebiraland Dr. Ado Ibrahim (middle), National Cordinator, Ebira Carnival Suberu Onimisi Nusa (second left) and Senior Adviser (SA), Local Government and Chieftancy Affairs Abubakar Ohere (second right), at the Dangote sponsored carnival in Kogi State. Atiku hails Adeboye’s ‘inspirational leadership’ Buhari vows to rescue Chibok girls From Tony Akowe, Abuja RESIDENT From Augustine Ehikioya, not spare any effort to reunite committed to,” the President ORMER Vice President and All Progressives Congress Muhammadu Buhari Abuja the girls with their families. stated. (APC) chieftain Atiku Abubakar has described the outgo- has restated the Federal “I salute the fortitude of the He hailed those who have ing national General Overseer of the Redeemed Christian P F Government’s commitment day, we are not completely in distraught parents. As a par- been in the vanguard for the Church of God (RCCG), Pastor Enoch Adeboye, as a unique in- to securing the release of the the depths of despair, but ent also, I identify with their recovery of the girls, both spirational leader, whose influence cuts across tribe, class and remaining pupils of Govern- buoyed with hope that our plight. Days turned to weeks, nationally and internation- religion. ment Secondary School, daughters will yet rejoin their weeks turned to months, ally, adding: “Someday soon, Atiku said in a statement by his Media Office in Abuja that the Chibok, Borno State, ab- families and loved ones. months turned to years, and we will all rejoice together. religious leader’s influence on many Nigerians over the past four ducted by Boko Haram insur- “Three of them have been today, it is 1,000 days. The Our intelligence and security decades was overwhelming. gents. recovered by our diligent tears never dry, the ache is in forces are unrelenting, and “Some of the most prominent personalities Nigeria has been This was contained in a military, while the freedom our hearts. But hope remains whatever it takes, we remain blessed with have been those who learnt from the pulpit of Pas- statement by his Special Ad- of 21 others was secured constant, eternal, and we be- resolute. tor Adeboye. A most recent example is our current Vice Presi- viser on Media and Publicity, through engagement with lieve our pains will be as- “Chibok community, Ni- dent, Prof. Yemi Osinbajo,” he said. Femi Adesina, on the occasion their captors. We are hopeful suaged. Our hopes will not be geria, and, indeed, the world, He hailed the efforts of Pastor Adeboye, which clearly went of 1,000th day of the girls’ ab- that many more will still re- shattered and our hearts will will yet rise in brotherhood, beyond the normal expectations for a preacher, such as his active duction. turn as soon as practicable.” leap for joy, as more and more to welcome our remaining participation in the war against Human immunodeficiency virus He said: “We are grateful The President reiterated of our daughters return. It is a girls back home. We trust infection and Acquired immune deficiency syndrome (HIV/ to God that on this landmark that the government would goal we remain steadfastly God for that eventuality.” AIDS) in Nigeria, which saw him featuring in an anti-AIDS ad- vert that was aired on national television. Atiku hailed the role that the cleric played as a converging JAMB directs varsities to stick to core mandate figure for other religious leaders in Nigeria. From Frank Ikpefan, Abuja “Pastor Adeboye is the kind of religious leader I pray that we HE Federal Govern- names. This is an aberration all candidates desirous of sit- see more of in Nigeria. He is a man beloved, and who loved one ment has directed the and should be stopped with ting for the 2017 Universities and all without discrimination,” he said. TJoint Admissions and sponsibilities by running the immediate effect. Tertiary Matriculations Ex- Matriculation Board (JAMB) programmes they were not “Specialised universities amination are advised not to to delete specialised courses created for, warned candi- are universities set up to be hoodwinked into such Alleged smear campaign: Buhari’s wife or programmes being of- dates billed to seat for this pursue specific courses/ programmes as they are ille- demands evidence from online medium fered by universities of tech- year’s Unified Tertiary Ma- programmes to steer the gal and are not provided for nologies and universities of triculation Examination need of manpower in a par- in our brochure.” From Augustine Ehikioya, Abuja agriculture from its portal. (UTME) not to be deceived ticular sector of the economy. JAMB said it has not HE President’s wife, Aisha Buhari, has demanded evidence It directed the specialised into choosing such Some of these specialised in- started the sale of 2017 UTME of deliberate fraud or abuse of privileges to back up allega- universities to stick to their programmes as they were il- stitutions include universi- forms as it was being al- tions in stories published by Sahara Reporters. core mandates, which they legal and are not provided ties such as Universities of leged. T for in the brochure. Agriculture, Universities of The board, which urged Otherwise, she said the online platform should be bold enough were set up to carry and de- to own up and apologise for such hazy and unsubstantiated report. sist from running The statement reads: “Gov- Technologies, Universities of candidates to exercise pa- A statement by the Special Assistant on Media to Mrs. Buhari, programmes, which had no ernment notes the unfortu- Medicine, among others. The tience, said the delay in sell- Adebisi Olumide Ajayi, said the continuous publication of such bearing on their responsibili- nate situation where Univer- Federal Government has ob- ing the form was due to its unfounded stories against the President’s wife was becoming a ties. sities of Agriculture offer served that these institutions desire to reduce the chal- great concern. Minister of Education programmes in law, manage- have derailed from their lenges associated with the The statement said: “After our last rejoinder, we expected the Mallam Adamu Adamu gave ment courses such as account- statutory responsibility, conduct of the examination. paper to come out with concrete evidence of deliberate fraud or the directive in a statement ing, banking and finance, thereby running “Again, the board will abuse of privileges, or be bold enough to own up and apologise yesterday in Abuja by business administration programmes that are anti- want to state that it has not for such hazy and unsubstantiated report. JAMB’s Head of Information among others. As if that was thetical to their mandates. commenced the sales of the “Alas, what Sahara Reporters came up with was another conjec- Dr. Fabian Benjamin. not enough, some institu- “In view of this ugly de- 2017 UTME application docu- ture of a purported internal memo within the consulate, which has The government, which tions change the nomencla- velopment, the Minister of ments. Candidates are urged no direct link to her excellency. stated that it observed that ture of some of the courses Education has directed the to exercise patience as JAMB “The new accusation, however, has still not been able to sub- some of these universities of to read for instance banking Joint Admissions and Ma- is putting final preparations stantiate, where Aisha Buhari made any direct contact with the agriculture and technology engineering, accounting triculation Board to delete all towards commencing the mission for anything.” had derailed from their re- technology, among other such courses on its portal and sales.” Buratai extols officers, troops for ‘paying supreme price’ HIEF of Army Staff (COAS) Lt.- Speaking during an Inter-Denomi- Gen. Tukur Burutai has extolled •Dickson, Wike seek prompt payment of legionnaires, servicemen national Church Service to mark the officers and men, who paid the C all to seek the part of righteousness. “We are ending the operation Armed Forces Remembrance Day, Remembrance Day Celebration at the supreme price in the service of the na- “Righteousness is what we should very soon. We’re going closer to the Dickson noted with dismay the har- First Baptist Church, Aggrey Road in tion. always expect from us as a nation. In end. Where we are going to is closer rowing experiences the war veter- Port Harcourt, the governor said the Burutai gave the commendation the end, peace will elude those who to where we have come from. ans were passing through after their annual ritual for servicemen and le- yesterday at the Armed Forces Re- do not seek righteousness. “This year is a year of liberty. meritorious service to their father- gionnaires was not enough motiva- membrance Day at the Lady Queen of “It is not for men to sing your Peace has come and so shall it be.” land. tion. Nigeria Catholic Church in Maimalari praise and pray for you when you’re Bayelsa State Governor Seriake He said they deserved a better treat- He said: “It is important that the Cantonment in Maiduguri. dead. It is what we do here when we Dickson and Rivers State Governor ment bearing in mind their contribu- Federal Government takes a second The COAS, who was represented are alive that really matters.” Nyesom Ezenwo Wike yesterday tions to unity, stability and defence look to keep families of servicemen by the Theatre Commander of Opera- Irabor added: ”The COAS want called on relevant government of the nation’s territorial integrity. and ex-servicemen going. tion Lafiya Dole, Maj.-Gen. Lucky Irabor, me to assure you that all the sacri- agencies responsible for the pay- According to him, a situation where “I urge that steps be taken to make said this year’s Remembrance Day was fices that you are making and that ment of emoluments and entitle- some families had to wait up to three sure that the families left behind by a “Year of Liberty and Emergence of of our fallen heroes are not in vain. ments of serving, retired and dead or more years before getting the en- the ex-servicemen are not allowed to Peace”. “The COAS also ask me to appre- officers of the armed forces to live titlements due to their deceased bene- suffer.” He said: “Let me on behalf of the ciate every one of you for all the up to their responsibilities. factors was quite appalling and dis- He hailed security personnel for Chief of Army Staff and, of course by good works you have been doing Speaking through his deputy, couraging. promoting peace across the country. extension, the Chief of Defence Staff, in Operation Lafiya Dole. Gboribiogha John Jonah, at an in- On his part, Wike suggested a more President of First Baptist Church, thank all officers and troops for all the “Yes, you have taken an oath of terdenominational church service at comprehensive reward package for Rivers State Conference Rev Ben- sacrifices you have been making. allegiance and you have shown the King of Glory Chapel, Govern- servicemen and legionnaires to en- jamin Avor called on Nigerians to live “As we use this year to remember your commitment in everything ment House, Yenagoa as part of the courage them to always make sacri- their lives in ways that would pro- our fallen heroes, I also enjoined you you have been doing. weeklong activities marking the fices for the country. mote peace. THE NATION MONDAY, JANUARY 9, 2017 9 NEWS Adeboye to Christians: serve God in spirit, in truth Continued from page 1 dicted in many quarters. Lagos State Governor Akin- "We believe that as we are wunmi Ambode urged resi- gathered this evening to dents to pray for the prosper- praise Him and glorify His ity of the state. Holy name, new doors and Ambode described this windows of opportunities year's thanksgiving as signif- shall be opened for us as in- icant because it will usher in dividuals, as a state and as a activities for the 50th anniver- nation. sary of the creation of Lagos "We want to officially wel- State. The state was created in come all other states and gov- May 1967. ernors to the Year 2017. We Ambode said: "We are join hands together as Lago- thanking God and showing sians to wish Mr. President, supplication for allowing us Muhammadu Buhari, who once worshipped here with •ENOUGH: Christian leaders at the Government House, Port Harcourt protesting Southern Kaduna Killings...yesterday to witness the Golden Jubilee Anniversary together. us, Happy New Year, and "It is also an occasion, irre- pray that God will honour Fed High Court redeploys Justices Abang, Liman spective of our religion, to re- him as he leads the ship of the affirm our faith in Him and nation to its rightful destina- HE Federal High Court From Eric Ikhilae, Abuja The Chief Judge of the Feder- by January 30, 2017. The judges our belief in His grace, to tion." leadership has rede- ment which sacked Abia State al High Court, Justice Ibrahim shall continue with the hearing make our hopes and aspira- Among those who graced ployed 11 judges includ- Governor Okezie Ikpeazu last Auta, who endorsed the rede- of criminal cases currently be- tions for this New Year. the event were former mili- ingT – Justice Mohammed Liman ployment of Justices Liman, fore them, as well as at least two year. The appellate court re- Ambode recalled that at last tary administrator, Rear Ad- in Port Harcourt and Justice versed the decision. Abang and nine others, was si- witnesses have testified.” miral Ndubuisi Kanu, Senator Okon Abang in Abuja divisions. year’s thanksgiving service, Justice Abang also gave the lent on the reason for the move- Others affected include Jus- prayers were offered for the Olamilekan Solomon, Senator A circular addressed to all judgment on which the Indepen- ment. He mainly attributed it to tice S. Saidu (moved from La- Ganiyu Solomon, traditional judges of the court, announced “the recent developments in the gos to Port Harcourt); Justice state to grow in spite of the dent National Electoral Com- bleak economic outlook pre- rulers and religious leaders. that Justice Liman had been mission (INEC) based his deci- court.” A.O Faji (from Asaba to Lagos); moved to Enugu division, while sion to substitute Eyitayo Jegede The circular said the postings Justice R. M Aikawa (Sokoto to Justice Abang is transferred to with Jimoh Ibrahim as the can- would not affect the criminal Lagos); Justice B.O Quadri Herdsmen kill three policemen, six others Asaba division. didate of the PDP during last cases the redeployed judges are (from Port Harcourt to Abuja); Justice Liman gave the judg- February’s governorship elec- currently handling. Justice Mallong Hoommuk in Adamawa, Niger, Delta attacks ment that accentuated the lead- It said: “In view of the fact (from Port Harcourt to Lafia). tion in Ondo State. Continued from page 6 ership crisis in the Peoples Justice Abang is the trial some divisions are currently Also moved are, Justice K.K day and failed to return home. Democratic Party (PDP), when Dagat (from Lagos to Kano); Jus- Their bodies were recovered by judge in major criminal cases short of judge following the re- He said security agents were he recognised the Ahmed including those involving ex- cent developments in the court, tice Saleh Idrissa (Kano to Soko- community scavengers on in a Makarfi-led National Caretak- it has become necessary to take to); Justice H.I.O Oshomah yet to come to the village after bush said to be prone to herds- spokesman of the PDP, Olisa the villagers had reported the er Committee as the authentic Metuh; ex-Chief of Defence urgent steps to fill in existing (from Lafia to Port Harcourt) men attacks. body to run the affairs of the Staff Alex Badeh and former vacancies. and Justice J.K Omotosho) from incident to them, "we have re- Akpovona, a father of five, party. governor of Adamawa State “Affected judges are expected Kano to Port Harcourt. ported the latest attack to the was said to have been shot Justice Abang gave the judg- Murtala Nyako. to resume in their new divisions authority but we are are yet to while his cousin was hacked to hear from them". death and his finger cut off. This attack is said to be the The second incident hap- Bakare seeks Nigeria’s restructuring, rejig of forex policy 20th attack on communities in pened in a farm around a for- Continued from page 6 non-state actors, including “To crown it all, at the tail end Recovery and Growth Plan, Shiroro Local Government in est reserve on the Abraka-Benin Boko Haram, from 767 deaths of 2016, Sambisa Forest was lib- which aspires to a 7% growth recent months, leaving over 100 Road, a boundary area between justice; it is time to arise with people killed and over 1,500 cat- patriotic zeal to build a great in May 2015 when this govern- erated and the Boko Haram rateand redirects budgeting Urhoka-Abraka and Obiaruku, ment came into power, to 250 flag was captured by our gal- and planning towards a made- tle and sheep stolen. claiming the lives of two men nation such that, years from No fewer than five farmers now, generations yet unborn deaths in December 2016, nine- lant soldiers,’’ Bakare said. in-Nigeria focus,16 is further and a woman. The victims were teen months into the adminis- “The government’s diversifi- indicative of the policy direc- were feared killed in Abraka indigenes of Obiaruku commu- will look back at their history, and Obiaruku communities, in not with disdain, but with tration. cation efforts have also pro- tion of the current administra- nity. “The group’s capacity had pelled increased attention to tion. Ethiope East and Ukwuani “They went to the farm last gratitude to God that our gen- council areas in Delta State, dur- eration preceded theirs. also diminished significantly agriculture with the sector “On corruption, we have Tuesday; when they did not from the control of 13 local growing by 4.54% in the third seen some progress in the anti- ing clashes between farmers and return, the next day, a search But Bakare gave a pass mark suspected herdsmen. to Buhari on security, diversi- governments just before the 10 quarter of the year despite corruption war, with the rele- party was sent to look for them 2015 elections to a resort to sui- the 2.24% year on year reduc- vant agencies recently extend- It was learnt that farmers in only to discover their bodies at fication of the economy and the communities had been in a anti-corruption fight. cide attacks by the turn of 2016. tion in growth rate. The third ing the fight to elements with- separate locations by a river “Under this administration, quarter also saw growth in in the judiciary suspected to long-drawn faceoff with the bank near their farm”, Progress “On insecurity, Nigerian Se- herdsmen over incessant de- curity Tracker 10, a portal of 21 of the abducted Chibok girls non-oil sectors including fish- have been major impediments Aganbi, who lives in the com- were also released to their par- ing and crop production. to the successful prosecution of struction of the farms by graz- munity, said. the United States Council on ing cattle. Foreign Relations, which maps ents in October 2016, and, last “These are signs of a diversi- the war. Be that as it may, it is Police spokesman in Delta Friday, Rakiya Abubakar, the fying economy. Therefore, the my considered opinion that we According to community State, Andrew Aniamaka, said violence in Nigeria, reported a sources, tension increased dur- decline in deaths per month latest rescued Chibok school- assumption that the Buhari are still fighting corruption – "I could only confirm that of girl, was reunited with her par- administration lacks direction our nation’s perennial archen- ing the week following the Abraka, where two persons from violence perpetrated by clashes, which had claimed lives a combination of state and ents in Abuja,” Mr. Bakare said. is questionable. The Economic emy – with kid gloves.” were killed. It was first report- of four men and one woman. ed as a case of a missing per- According to sources, the vic- son. On the third, one Akpove- Ex-Governor Kure dies in Germany at 60 tims in the Abraka incident in- na Godwin reported about his FORMER Niger State From Justina Asishana, Minna According to a statement by cluded two cousins; Akpovona brother. They are from Eku Felix and Sunday Akpupu, who Governor, Alhaji duced Sharia law in Niger State the Commissioner for Informa- community. Abdulkadir Kure, is tion, Culture and Tourism, Mr. were indigenes of Eku commu- "We found the deceased and A in May 2000. nity, but residents of Abraka. Jonathan Vatsa,, flags will fly at that of Sunday Akpokpo. Ak- dead. He was 60. Chairman of the PDP in Niger Two of them were killed in their According to a family source, State Mr. Tanko Beji, and former half-mast throughout the period. pokpo was 40 years while Felix The Commissioner said Gov- farms. Akpovena was 39 years. It was Kure died in Germany during a Governor Mu'azu Babangida Akpovona and Sunday's bod- treatment for kidney-related ail- Aliyu yesterday extolled the late ernor Abubakar Sani Bello had a case of murder. There's the ment. Kure’ virtue. also declared a work-free day on ies were discovered on their suspicion that it might have The source said Kure was Beji described his death as sad the day of the former governor’s farm on Wednesday after they been a reprisal attack. We are body will be interred so as to ac- had gone for clearing on Tues- flown abroad three weeks ago adding: "We cannot query God." •The late Kure still not giving up," he said. following the relapse of his ail- He said the late governor had cord him a befitting burial. ment. contributed immensely to the The statement said the gov- would be missed. EFCC grills five ex-NNPC He was governor between socio -political development of ernment would miss his wise "The Speaker also extended 1999 and 2007 on the platform Niger State. counsel his condolence to Kure's im- Vatsa cited the intervention of mediate family and prayed bosses over $153m transfer of the Peoples Democratic Party "He has left an indelible mark Continued from page 6 (PDP). on the sand of times. May his the former governor during the God to grant them the forti- reads: ‘Where a person is ar- He was also the 12th governor soul rest in peace". recent labour crisis in the state, tude to bear the irreparable made by the Commission in rested for an offence under this of the state and the third civilian Aliyu said “ I find it difficult saying the move showed him as loss". accordance with the prescribed Act, the Commission shall im- governor after Emir Awwal to come to terms with the real- an elder statesman whose main In Condolence to the Family, rules. mediately trace and attach all Ibrahim(1979-1983) and Dr. ity that my brother, my friend, concern was for the good, the government and people of “Whenever property is the assets and properties of the Musa Inuwa(1992-1993). has left us so soon. I have been progress and unity of the state. Niger State, Gen. Babangida seized under any of the provi- person acquired as a result of The Chief Press Secretary to in touch with his wife since he House of Representatives said: "My amiable Friend and sions of this Act, the commis- Speaker Yakubu Dogara, and such economic or financial the former governor, Alhaji travelled outside the country for Companion is gone. We that sion may-(a) place the proper- crime and shall thereafter Mahmud Abdullahi, confirmed treatment. I never knew his time former Military President were left behind are on transit ty under seal; or (b) remove the Ibrahim Babangida, have has sooner or later. cause to be obtained an inter- his boss’ death last night. was near. property to a place designated im attachment order from the Abdullahi said arrangements “Niger state has lost an illus- described the death of former "The sudden death of former Niger State Governor by the Commission. Court.’ were being made to bring his trious son, Nigeria has indeed Governor of Niger State, Engi- “Properties taken or de- Abdulkadir Kure as shocking neer, Abdulkadir Abdullahi Section 13 of the Federal body home for burial. lost a great human asset. My tained under this section shall High Court Act reads in part : Born on February 26, 1956, the brother Kure died at a time his and unexpected.. Kure, this afternoon in Ger- In a statement by his Special many comes to me in a great be deemed to be in custody of “The Court may grant an in- late Kure is survived by wife, contribution was needed. He the Commission, subject only junction or appoint a receiver Zaynab Kure , a senator between was a peacemaker, a role model Adviser on Media & Public Af- shock but as a believer, All fairs, Turaki Hassan Dogara souls must taste dead sooner to an order of a Court.” by an interlocutory order in all 2007 and 2015, six children; two and a bridge builder. May Sections 28 and 34 of the daughters and four sons. Aljannah Firdaus be his abode. said the death of the former or later". cases in which it appears to the governor, who he described as He prayed for Allah’s mercy EFCC (Establishment Act) Court to be just or convenient He was the Director of Engi- May Allah condole his wife, 2004 and Section 13(1) of the neering Services in the Federal children and the entire Niger a progressive, is a big loss to the and forgiveness for the late so to do. Capital Territory before joining State.” country. Kure and urged the family, Federal High Court Act, 2004 (2) “Any such order may be politics. A foundation member of The Niger State government It reads: "Dogara described people of Niger State and Ni- empower the anti-graft agen- made either unconditionally the PDP, he became a member yesterday declared a three-day the late politician as a progres- geria at large to take heart and cy to invoke Interim Assets or on such terms and condi- of the Board of Trustees (BoT) mourning for the former gover- sive and seasoned technocrat pray for him in his journey to Forfeiture Clause. tions as the Court thinks just.” after leaving office. He intro- nor whose experience and wisdom the great beyond. “Section 28 of the EFCC Act

THE NATION MONDAY, JANUARY 9, 2017 11 NEWS Baby of the year gift allegation: Mother denies husband’s claims

HE Osun State govern- sentatives of the Lions Club, view, Mrs Kemisola Olas- The Bureau, in its state- The government, through pital of shortchanging the ment has described as the Bureau of Communication which was also delivered, unkanmi expressed regrets ment signed by the Director, false, claims by the fa- family by not presenting all was meant for all the women while lamenting that she did Mr. Semiu Okanlawon, T and Strategy, said Governor the gifts for the baby of the ther of the baby of the year, Rauf Aregbesola ordered an who were delivered of ba- not know what came over therefore urged those who Kajogbola Olasunkanmi, year, the Governor ordered bies that day and that each of her husband to warrant such had been misinformed by the investigation into the claims, a full scale investigation. that his family was cheated adding that the mother, Mrs. them got her share of the gift. dubious and false claims,” the misleading allegation to dis- by the management of the “To our chagrin, the moth- “In the course of the inter- Bureau statement noted. regard it in its entirety. Kemisola Olasunkanmi, de- er of the baby of the year said State Specialist Hospital, As- bunked her husband’s claims. ubiaro, Osogbo, the state her husband lied with his “It has become imperative claims adding that the enve- capital, where his wife was to make this clarification in delivered of her baby. lope containing the cash gift view of the negative impres- from the governor ‘s wife, The government said it sions generated by Olas- was embarrassed by media Alhaja Sherifat Aregbesola, unkanmi’s claims. was sealed and intact when reports which quoted Olas- After the embarrassing unkanmi as saying that only it was delivered to her. media reports which accused “She further explained that a part of the gifts for the baby the management of the hos- were presented to his family. the money from the repre- Police: kidnappers didn’t invade Akure HE police in Ondo From Damisi Ojo, Akure eventuality. State yesterday dis- He said a team of senior pelled the rumour the state. T Besides,it was speculated police officers from the that kidnappers and terror- that a top state official had Force Headquarters, Abuja, ists have invaded Akure, the been kidnapped by un- were in the state at the week- state capital. known persons in Akure. end to arrest some suspect- According to them , the This went viral on social ed criminals. rumour was a mere figment media. The police spokesman said of imagination of the mon- Police spokesman Femi their presence did not mean gers. Joseph said no case of ab- that the state was volatile. It was rumoured at the duction was reported to the He warned people against weekend that terrorists police, adding that officers peddling falsehood and un- from the North had arrived are battle ready for any founded rumours. ‘Save us from land grabber’ ESIDENTS of Kajola By Tokunbo Ogunsami “We appeal to Governor in Owode-Egba, Amosun and the police to R Ogun State, have ap- They alleged that the land protect us. pealed to Governor grabber and his gang also “We have our land doc- Ibikunle Amosun to rescue dispossessed them of their uments and see no reason them from a land grabber. buildings, adding that the why this land grabber and The people, who spoke man acted under the direc- his boys should torment to The Nation at the week- tive of a woman (name and oppress us. end, alleged that the land withheld). “Enough of this ill treat- grabber, a man (name The residents sent an SOS ment. The government withheld), came to their to Police Commissioner should take urgent step to community with armed Ahmed Illiyasu to to pro- maintain law and order hoodlums and disrupted tect their lives and proper- and prevent bloodshed,” construction. ty. they said. Oyo targets N107b IGR in 2017

HE Oyo State gov- From Bisi Oladele, Ibadan tire value chain, commerce, ernment plans to industrialisation, education T generate N107 bil- and health. lion Internally Generated and other top government Other sectors would also Revenue (IGR) for the year. officials. be given necessary attention. Commissioner for Fi- The commissioner said The commissioner la- nance, Budget and Planning the informal sector is criti- mented that the IGR, which Bimbo Adekanmbi said this cal in the actualisation of the was supposed to be the oth- in an interactive session at N207,671,495,300.00 billion er mainstay of the state’s the House of Chiefs, Ago- proposed Self-Reliance income, performed at 20.69 di, Ibadan at the weekend. Budget for the year. per cent of the total revenue Adekanmbi said the gov- Adekanmbi said the budg- performance of last year’s ernment was targeting the et evolved from a zero based budget and about 29 per informal sector to boost its budgeting approach, which cent of the actual recurrent IGR, adding that the month- made it mandatory that eve- revenue. ly projection of N5 billion ry item (revenue and ex- He added that the gov- in last year’s budget had penditure) was only includ- ernment’s efforts at improv- been reduced to N4billion. ed after strong and thor- ing the IGR had started with He was accompanied by ough justification. the restructuring and repo- the Commissioner for In- He said the state’s priori- sitioning of the Board of In- formation, Culture and ty shall be on infrastruc- ternal Revenue with the Tourism, Toye Arulogun ture, agriculture, and its en- proposal of full autonomy. Fire razes petrol station, 24 shops

T was a tragic Sunday From Odunayo Ogunmola, Garage, Ijigbo to Ajilosun in Ado-Ekiti, the Eki- Ado-Ekiti and Ikere Road. ti State capital, as a I queued to buy fuel, sud- Hoodlums cashed in on petrol station and about 24 the incident to loot many shops were razed by fire, denly switched on his car engine. shops while pretending to which raged for about help in salvaging the three hours. The fire claimed three pumps in the station before goods. According to eyewit- Some of the shop own- nesses, the fire broke out it extended to other build- ings on both sides of the ers, who visited the scene at 4.40pm from the filling of the incident, wailed un- station owned by Strive road. Nothing could be sal- controllably. Energy Limited and ex- Governor Ayo Fayose tended to the shops, which vaged as most of the shops were locked. made a brief appearance at included cold room, bou- the scene to assess the lev- tiques, pharmacy, other Firemen battled to put out the fire. el of havoc. business offices and vehi- At 6.44 pm, the men of cles at Ijigbo. Vehicles belonging to the police and National the state security outfit The fire broke after a code-named Operation tanker discharging fuel Emergency Management Agency (NEMA) blocked Flush fired canisters of spilled its contents. teargas to disperse the They said smoke emit- the dual carriage way to prevent moving vehicles crowd to prevent further ted from the tanker for al- looting. most 20 minutes but the from catching fire. The blockade of the high- Traffic was later restored place was engulfed in at 7.12 pm, when the po- flames when a driver, who way caused a traffic snarl which extended from Old lice vehicles left the scene. 12 THE NATION MONDAY, JANUARY 9, 2017 NEWS Lawyer slams Ekiti lawmakers From Odunayo Ogunmola, Ado-Ekiti ACTIVIST lawyer Morak- inyo Ogele has criticised Ekiti State House of Assem- bly lawmakers for alleged- ly “looking the other way” when the constitution was being breached by the executive. In a January 3 letter, Ogele said the lawmakers had “turned themselves to slaves of Governor Ayo Fayose”. He contended that they have failed to act as checks and balances to the execu- tive and disappointed their •Osun State Governor Rauf Aregbesola (fourth left); Deputy Governor Grace Titi Laoye-Tomori (third left); Aregbesola’s Chief of Staff Gboyega Oyetola (fifth constituents. right); Archbishop of Ilesa Archdiocese, Methodist Church Nigeria, Rev Amos Akindeko (fifth left); Bishop, Ijesa North Diocese, Bishop James Olusegun (third Ogele, who is also the right); Bishop, Osogbo Diocese, Amos Ogunrinde (left); Lay President, Ilesa Diocese, Festus Morakinyo (right) and others, after the special prayers for the national coordinator of the development of the state by the Methodist Church in commemoration of the New Year at the Government House...at the weekend Ekiti Redemption Group (ERG), berated the Assem- bly for failing to hold Ondo to reward Fayose accountable for public spending and for Prepare to resume, Ajimobi tells teachers allowing him address them in military camouflage. HE Ondo State gov- He said: “Viewing your LAUTECH students, workers ernment is to reward activities since you were T outstanding teachers sworn in, you have neglect- TUDENTS and workers and students. ed, failed and refused to of the Ladoke Akintola •Governor orders reopening Commissioner for Infor- perform your constitutional SUniversity of Technol- mation Kayode Akinmade roles and duties for peace ogy, Ogbomoso, Oyo State, of five high schools said the Academic Excel- and good governance of which was shut about seven lence Award ceremony will Ekiti State.” months ago, have been told hold on January 18 at the In- to prepare for resumption NANS suspends planned strike ternational Event Centre, by month end. The Dome, Akure. VC to workers: Oyo State Governor Abi- From Tayo Johnson, Ibadan The government will in- ola Ajimobi, who an- augurate tomorrow the St don’t be indolent nounced this on Friday, said HE National Association of Nigerian Students James Caring Heart Mega (NANS) has suspended its planned mass rally sched- •Ajimobi From Damisi Ojo, Akure he had closed ranks with his School in Iro, Akure. Osun State counterpart, Rauf T uled for today on the eight-month strike at Ladoke On Thursday, the Owena THE Vice-Chancellor, Aregbesola, to break the log- Akintola University of Technology (LAUTECH). Neighbourhood Market Adekunle Ajasin Universi- jam in the interest of stake- NANS Senate President Salam Oyejide said they met beni Rauf Aregbesola. Ondo Road will be inaugu- ty (AAU), Akungba holders. with Oyo State Governor Abiola Ajimobi last Friday where “With today’s pronounce- rated. Akoko, Ondo State, Prof. LAUTECH is jointly he promised that the institution will be re-opened on or ment, it is hoped that all On January 16, it will be Igbekele Ajibefun, at the owned by Oyo and Osun, the before February 1. stakeholders, including the the turn of the Ore and Irele weekend, urged workers two states that constituted “The following resolutions were made after the meet- management, staff and stu- Mega Schools for inaugura- to be hopeful in the New old Oyo State before Osun ing we had with Governor Ajimobi after he contacted his dents of LAUTECH, will be- tion. Year. was carved out in 1991. Osun State counterpart. gin to prepare for full re- The Public Service Train- Prof. Ajibefun made the A statement by the gover- “Both governors concluded on the need to raise money. sumption of academic and ing School and Semi Mech- call during a prayer serv- nor’s Special Adviser on The governor contacted LAUTECH Vice-Chancellor and non-academic activities in anised Abattoir will be in- ice on campus. Communication and Strate- suggested a meeting which is likely to hold on Wednes- the university.” augurated on January 17 He thanked the workers gy, Yomi Layinka, said the day. The governor also or- and 26. for what he called their decision was reached after “The governor later made clarification on the resump- dered the immediate reo- “commitment to service Ajimobi’s meeting with the tion date. He mentioned that the school will re-opened on pening of the five secondary and for giving peace a national, zonal and state or before January 30. With the above resolution, we be- schools shut in the wake of Man arrested for chance” in 2016. leadership of the students’ lieve that the two governors will respect their words,” he pupils’ attack on some The VC promised that unions on Friday evening. said. schools in protest against alleged arson The NANS president warned that anybody or students cancellation of automatic management would con- The team was led by the From Leke Akeredolu, tinue to prioritise staff Senate President of the Na- who embark on the suspended protest is doing so illegally. promotion in public Akure welfare and create a con- tional Association of Nige- schools. ducive atmosphere for rian Students (NANS), Salam The affected schools are HE police in Ondo students and researchers. Olajide; General Secretary, From Tayo Johnson, Ibadan of accumulated salaries. Isale Oyo Community High State have arrested a He, however, warned NANS, South-West zone, The statement reads: “The School, Oyo; Anglican Meth- T man, Oladapo Alaba, against indolence, gossip Olanrewaju Oloja and Gen- ing to the striking workers. governor regretted the fact odist Secondary School, for allegedly attempting to and other acts capable of eral Secretary, Joint Campus The university had been that despite all efforts at per- Oyo; Oba Adeyemi High burn a popular supermar- disrupting the smooth Committee, NANS, Oyo grounded since June 9, last suading the striking work- School, Oyo; Ojoo High ket, Ceci, in Akure, the state running of the institution. State, Farouk Musa. year, when its branches of the ers to resume they refused School, Ibadan; and Commu- capital. “I bring a message of The governor said the de- Academic Staff Union of Uni- to yield grounds. nity Secondary School, Iya- Police spokesman Femi hope for a better year for cision to reopen the institu- versities (ASUU); Non-Aca- “He, however, announced na Idi Ose, Ibadan. Joseph said the suspect was every staff and student. tion was reached after anoth- demic Staff Union (NASU) that the schools would be re- Ajimobi said he took the apprehended about 3am Let us all look forward to er round of discussions and and Senior Staff Association opened on or before Febru- decision in deference to pleas last Friday by officers on 2017 which will be better commitments by stakehold- of Nigerian Universities ary 1 going by the level of by stakeholders and respect- patrol. than the previous years ers, on Friday, which, he (SSANU) stopped work in his discussions with his ed members of the society It was gathered that Ala- for us all.” said, would be heartwarm- protest against non-payment Osun State counterpart, Og- that the schools be reopened. ba was about pouring pet- rol on the building before he was apprehended. The police spokesman APC slams Fayose for alleged ‘diversion’ of Paris Club refund said Alaba was suspected to be among those yet to be HE All Progressives many months, to pay one Its Publicity Secretary, arrested for burning pub- Congress (APC) in •Accuses labour leaders of conspiracy month salary while giving Jackson Adebayo, in a state- lic places in Akure. T Ekiti State has criti- From Odunayo Ogunmola, the impression that he paid ment, said the allegations His words: “Our men, cised Governor Ayo Fayose Ado Ekiti wage bill had doubled with- the salary from the new bail- against Fayose "have further while on patrol at about for the alleged diversion of out promotion of workers out he collected.” confirmed that the APC is 3am, saw the suspect in the N8.8 billion Paris Club re- alleged refusal to use the and fresh recruitment is un- The party said the “latest peopled by confused and ig- premises of the supermar- fund released by the Feder- funds to pay salaries, pen- acceptable. callous conduct” was a con- norant minds who will fail ket. al Government to states to sions and severance allow- “It is more worrisome firmation of its view that any economic question". “Immediately, he saw offset salaries and retirees’ ances like his counterparts that whenever labour lead- Fayose had never been sin- "We implored labour un- our men he ran away and allowances. in other states. ers chose to talk on the wel- cere and transparent in his ions to ignore the party be- our men chased him until The party accused Organ- The APC said Ekiti labour fare of Ekiti workers, they financial dealings. cause raising issues with it he was arrested. ised Labour of conspiring leaders were hobnobbing always defend the governor “We call on the Economic is just like dancing with mad “We have begun investi- with the governor in the al- with the governor in an “un- who has pauperised the and Financial Crimes Com- men in the market." gation and in our prelimi- leged mismanagement of holy alliance to protect the workers. mission (EFCC) and the PDP said the attack on the nary report; we discovered the funds. governor for their personal “Fayose has fixed N5.3 Central Bank of Nigeria labour unions was because that he wanted to set the su- The APC, in a statement benefits”. billion of this money in (CBN) to pay more attention the unions have refused to permarket on fire. yesterday by its Publicity The party spokesperson Skye Bank so that he can to Ekiti State finances and kowtow to the APC which “We are still interrogat- Secretary, Taiwo Olatunbo- declared that “nobody was benefit from the interest. ensure that Fayose uses the it accused of habouring ing the suspect to know his sun, slammed the labour fooled by Fayose’s payment The balance of N3.5 billion new bailout to pay salaries.” plans to destabilise the state, intentions.” leaders for alleged complic- of one month salary of eight is in the JAC Account. However, the State Peo- adding that the opposition The PPRO added that the ity. months he is owing”. “Fayose only spent the ples Democratic Party (PDP) was frustrated by the defeat suspect will be charged to The opposition described Olatunbosun said: “The state’s monthly allocation, has accused the APC of feed- it suffered in the 2014 elec- court after the investiga- Fayose as “callous” for his governor’s claim that the which has accumulated for ing the public with lies. tion. tion. THE NATION MONDAY, JANUARY 9, 2017 13 14 THE NATION MONDAY, JANUARY 9, 2017 THE NATION MONDAY, JANUARY 9, 2017 15 COMMENTARY EDITORIALS LETTER Open letter Need for a rethink to PMB The land border ban on vehicle importation is too sudden and may be counterproductive IR; Year 2017 is a year to fix all the S the Federal Government’s ban mess in the country. Our economy Vehicle sales and services businesses in ernment to mistake stubbornness for should be stabilised, value of the naira on the importation of vehicles Nigeria have been adversely affected. S principle and refuse to adjust a policy A through land borders took off on Not enough consideration was given to whose weaknesses are so plainly mani- should improve and the sky rocketing of January 1, Nigeria is once again con- the actual enforcement of the policy. The fest. The vehicle land-importation ban prices of essential commodities should be fronted with the consequences of a fail- smuggling of vehicles has always been a must be re-examined with a view to checkmated. We don’t want to hear its PDP ure to properly think an important policy criminal act, but that has not prevented minimising its weaknesses and enhanc- or Jonathan’s fault in 2017 because we knew through. thousands of vehicles from getting into they were at fault that was why we kicked ing its strengths. them out and brought you in via our votes When the ban was first announced, its the country illegally. Indeed, vehicle- A suitable period of grace should be intentions were clear. Along with similar smuggling has been so successfully done to fix the fault. Hence, we don’t want to be given to bona fide importers, during reminded of the reason we voted you in. prohibitions on the importation of rice, it that the Nigeria Customs Service (NCS) which vehicles currently in neighbouring Your government should tell us what you had a threefold aim: to curb smuggling, has often had to resort to the ludicrous countries will be allowed in upon pay- can achieve and not what you cannot do. to route legitimate imports through local stratagem of apprehending suspect ve- ment of approved customs duties. Local Also, it’s not over yet security wise, you ports, and to shore up indigenous indus- hicles within the country, hundreds of ports must undergo a procedural and have subdued Boko Haram but they are not try. These goals are all in line with the miles from national borders. There is no infrastructural overhaul in order to make yet defeated. Give our troops the necessary overarching economic policy of enhanced guarantee that the service will record them more efficient and better able to support to defeat them, also mobilise domestic participation, increased local greater success now that the profitability cope with increased patronage; the pass- security operatives to other parts of the production and improved tax receipts. of smuggling vehicles in through land ing of the National Transport Commis- country where innocent people are being The problem apparently lies in both the borders has arguably become even killed just as you have done in southern sion Bill and the Nigerian Ports and Kaduna. The killers should be identified and concept and implementation of the greater. Harbours Authority Bill are essential in Then there is the questionable capac- prosecuted. Corruption still exist in some policy. The Buhari administration gave this regard. Pressure could be taken off government agencies, not just stealing, but importers only 26 days’ notice before the ity of Nigeria’s ports to handle the envis- Lagos by increasing the capability of also job racketeering. Children of the poor policy took effect. There were no conces- aged increase in vehicle imports in light ports in other parts of the country. don’t know of recruitment process in sions, no provisos, and no exceptions. of the new policy. The country’s ports The sooner it is realised that a counter- agencies like Central Bank of Nigeria Given that this was a major alteration in have a notorious reputation for ineffi- productive policy cannot be a good policy, (CBN), Federal Inland Revenue Service existing policy, it cannot be said that ciency and corruption which has defied the better it will be for the Nigerian (FIRS) Nigerian National Petroleum enough preparatory time was given to a succession of reforms and costs about economy. Corporation (NNPC), Department of people engaged in what was, after all, a N1 trillion annually, according to a recent Petroleum Resources (DPR) and others not legitimate business. study. to talk of getting appointed in such places Duty-payment procedures and other ‘The vehicle land-importation despite their qualification. The policy’s envisaged gains simply We recall last year that an alarm was raised cannot justify the disruption it is caus- processes at the ports are often opaque. ban must be re-examined with a Smooth operations are hindered by 14 in various media outfits and even with ing. Thousands of vehicles have been view to minimising its weak- supporting evidences that the CBN trapped at Seme and other transit points. different security and regulatory agen- nesses and enhancing its employed hundreds of people without Many importers claim that they had con- cies with overlapping functions. Access advert. And the people employed were roads are badly-maintained; the infa- strengths. A suitable period of veyed vehicles into the neighbouring grace should be given to bona alleged to be children of the ruling elites, countries of Togo and Benin long before mous Apapa-Oshodi Expressway comes all these happened under your the ban was announced on December 5, to mind. Such difficulties are actually the fide importers, during which ve- administration. No investigation was done, main reason why the more efficient last year, only to find them caught on the hicles currently in neighbouring the appointments were not revoked. We Togolese and Beninois ports are so countries will be allowed in upon have also heard of agencies under the wrong side of the border. Re-shipping heavily patronised by Nigerian import- Interior Ministry secretly recruiting. Sadly, them to Nigerian ports in line with the ers in the first place. payment of approved customs these agencies are establishments that new policy will increase costs which will It would be wrong for the Federal Gov- duties’ require well qualified manpower. The only inevitably be passed on to final buyers. credible job selection exercise was the N- Power scheme and we all know it’s targeted at the poor. Let there be equal opportunity for all. Dear President, please address all Out of reach these and many more lapses recorded during your first two years. You only have Bringing down food prices is a task that must be done this year to change your game. Next year would be occupied with 2019 election F the economic recession has been 50kg bag imported variety rose from for a substantial portion of its food re- activities and much would not be expected unsparing in its effects on busi- N9,400 in January to peak at N18,275 in quirement. Then of course were the re- from your government. You should act fast. I nesses and households across the November, only to fall slightly to N17,710 ported cases of bird flu and tomato Ebola, You should start by weeding off non- board, one of the more noticeable fallout in December. The same is true of the both of which wreaked havoc in some performing ministers and other key of the crisis – ironically – was the phe- 100kg bag of beans which sold for parts of the country in the course of the appointees in your government. You need nomenal increases in food prices for the N20,165 in January 2016 but went as high past year. people who can think outside the box to fix most part of last year. At a time of soar- as N33,475 by December. Others are the Nigeria’s problems not those who still think It is heart-warming that governments within the box by blaming past away inflation which the National Bu- 25-litre vegetable oil whose price during across all levels not only recognise the reau of Statistics (NBS) puts at an unprec- the period rose from N6,800 to N16,500 – administration’s for the problem of our challenge, but are already tackling them country today. edented 18.3 per cent as at November, a 143 per cent increase; egg from N900 to headlong. The collaboration between the findings of a local commodity index N1,300. Nigerians would readily testify Lagos and Kebbi states in rice produc- – the Novus Agro Commodity Index – that the findings are closer to reality than tion deserves special mention in this re- •Halilu Hassan, that prices of some agricultural commodi- anything else. gard; so is the initiative being undertaken Zaria, Kaduna State. ties in some cases tripled over the course We are certainly not surprised at the by Ebonyi State government to boost its of the outgone year, while alarming, ob- findings. If the Nigerian economy was ‘Abakaliki Rice’. Indeed, so are other ini- viously goes beyond deniability. ill-prepared to absorb the shocks from tiatives being championed by the Cen- Among others, they found that the price the global slump in oil prices, it was even tral Bank of Nigeria (CBN) to address the TRUTH IN DEFENCE OF FREEDOM of a 25-litre keg of locally produced palm more terribly ill-equipped to deal with food security challenge. For the good of Managing Director/Editor-in-Chief oil actually tripled from the January 2016 its aftermath nearly two years after its the nation, we urge more states as indeed Victor Ifijeh price of N6,190 to N18,390 in December; onset. The result was the mishmash of corporate bodies to come on board to • Editor •Executive Director that a bag of 100kg bag of maize, which policies that not only tended to exacer- raise the momentum in agricultural pro- Gbenga Omotoso (Finance & Administration) sold for N6,000 rose to N17,515 during bate the situation, but left little room for •Chairman, Editorial Ade Odunewu duction. Board the same period - a rise of 192 per cent. citizens’ manoeuvre – at least in the short Sam Omatseye • Gen. Manager However, boosting production is only (Training and Development) Ditto for gari, the staple for the poor term. •General Editor one half of the equation; as we have seen Adekunle Ade-Adeleye Soji Omotunde whose 60kg bag recorded a 123 per cent One of such was the hike in petrol price over the years, the other half is overhaul- rise from N5,940 to N13,240. from N86 per litre to N145 – a measure •Editor, Online •General Manager (Abuja Press) ing the sector’s value chain not only to Lekan Otufodunrin Kehinde Olowu For rice, they found that the price of the whose effect would be both swift and guarantee its sustainability but also to •Managing Editor dramatic with reverberations across all optimise its business potentials. More Northern Operation •Regional Manager (SS) sectors of the economy. For a country Yusuf Alli Shola O’Neil than ever before, the sector requires mas- •Managing Editor ‘Ultimately, what is needed is whose transportation infrastructure is not Waheed Odusile •AGM (Southwest) sive investments in transportation infra- Tunde Olasogba a new attitude on the part of only wobbly but palpably inadequate, the structure, storage and processing to re- •Deputy Editor immediate effect was to raise the trans- duce post-harvest losses and to bring the Lawal Ogienagbon •Advert Manager all: from the lenders, a new portation costs – and hence the prices of •Deputy Editor (News) Robinson Osirike level of wastages to the barest minimum. Adeniyi Adesina attitude towards agricultural goods, including essentials like food. With such investments, food prices will •IT / Pre-press Manager financing; for the practitio- Another was the removal of the forex ultimately come down; so will the busi- •Deputy Editor (Nation’s Capital) Bolarinwa Meekness cap under which the naira had been Yomi Odunuga ners, a willingness to learn ness become truly self-sustaining. Ulti- •Press Manager pegged at N197 to the United States dol- •Group Political Editor Udensi Chikaodi and adopt new technologies; mately, what is needed is a new attitude Emmanuel Oladesu lar. The result was an unprecedented on the part of all: from the lenders, a new •Legal Counsel and for the government a new plunge in the value of the naira to N480 attitude towards agricultural financing; •Group Business Editor John Unachukwu to the US dollar in the parallel market. Simeon Ebulu resolve to drive the momen- for the practitioners, a willingness to • Manager (Admin) The measure, although well-intentioned, learn and adopt new technologies; and •Group Sports Editor Folake Adeoye tum through’ Ade Ojeikere could only have been catastrophic in a for the government a new resolve to drive country that had long relied on imports •Editorial Page Editor •Acting Manager (sales) the momentum through. Sanya Oni Olaribigbe Bello 16 THE NATION MONDAY, JANUARY 9, 2017 CARTOON & LETTERS

IR: His Excellency, Sheikh Prof. clear only him can hear the music he Alhaji Dr. Yahya Jammeh has is dancing to. called the bluff of the rest of the EDITOR’S MAIL BAG ECOWAS and the AU must be S SEND TYPEWRITTEN, DOUBLE SPACED AND SIGNED CONTRIBUTIONS, LETTERS AND REJOINDERS OF commended for standing by the world. Jammeh is talking tough and has literally told the world to go to NOT MORE THAN 800 WORDS TO THE EDITOR, THE NATION, 27B, FATAI ATERE ROAD, MATORI, LAGOS. Gambian electorates and insisting on hell. Jammeh has not only rebuffed E-mail: [email protected] Jammeh’s exit from power, unlike in all pleas to respect the wishes of the the past where the African leaders who Gambian People and concede power are mostly sit-tight dictators will rally to the opposition which won the presi- round one of their own. However, dential election late last year but has Jammeh: Butterfly that calls itself a bird! whether Jammeh will come to his vowed to resist or even crush any for- like the proverbial nwa nza that has Leone in the 1990s. curity Council sanctions (if no mili- senses and quit or get the Laurent eign invasion of the Gambia to remove pushed him to challenge his Chi to a In fact, the Gambia’s closest neigh- tary action is taken against him). So Gbagbo type of humiliating treatment him from power. wrestling contest? The nwa nza is the bour Senegal had in the past success- head or tail, Jammeh loses as the noose will be known in the coming weeks. Jammeh while slamming the deci- tiny weaver bird in Igbo folklore fully intervened militarily in the Gam- on his neck tightens. sion of the UN Security Council, Afri- which Chinua Achebe made allusions bia to stop an attempted coup and re- One then wonders who or what is •Maduka Onwukeme, can Union (AU) and the Economic to in his evergreen classic Things Fall acting to the present situation, Senegal beating the drums for Jammeh as it is Lagos Community of West African States Apart. The nwa nza after a heavy meal has indicated its willingness to enforce (ECOWAS) asking him to respect the challenged its Chi (god) to a wrestling the UN, AU and ECOWAS resolution wishes of the Gambia people and the contest. asking Jammeh to cede power to constitution, had declared that only Jammeh presides over a tiny coun- Adama Barrow. Faleke deserves God can remove him from power try of less than two million people Jammeh is not only weak in mili- even if he chooses to rule for one bil- and the Gambia has less than 1,000 tary strength but even more vulner- lion years. men under arms to defend the coun- able financially. According to the ministerial slot Jammeh has handpicked justices of try from external aggression. The World Bank, the Gambia is one of the IR, The past days have the west, given that the late minister, the Gambian Supreme Court to hear Gambian Military depends on mili- poorest countries in the world with- witnessed political frenzy and James Eneojo Ocholi hails from the East his legal challenge to the election tary assistance from Turkey, Pakistan out any significant natural resources. a renewal of disharmony in the Senatorial District. which he disputes while also vowing and Muammar Ghadaffi before his fall The country’s budget is funded S APC family in Kogi State, as a result of Unity and reconciliation has eluded not to concede power under any ar- from power. through bilateral and multilateral aid the jostling for the vacant ministerial the state’s chapter of APC since the last rangements whatsoever. According to the CIA Factbook while government institutions are slot for the state to which a national gubernatorial election with the split of His confidence seems to have been 2016, the Gambian Airforce has less managed through technical assistance leader of the party was said to have the party into the Yahaya Bello bolstered by the pledge of allegiance than 5 aircrafts in its fleet and the Navy from multilateral and bilateral donors. nominated and endorsed Hon. James sympathizers and the Audu/Faleke made by the country’s military chief has nothing other than glorified pa- Tourism is the country’s main source Abiodun Faleke. APC in the state was group. The choice of Faleke who is the but then hearing Jammeh’s rhetoric, trol boats in its arsenal. The Gambia of foreign exchange besides foreign thrown into chaos following the leader of that group as replacement for one would mistake the Gambia for military has not been associated with aid. With Jammeh’s belligerence and nomination of the incumbent governor Ocholi wouldn’t be a bad idea. If the African version of North Korea in any battle feat in recent times, save for war like posture, he risks losing aid Alhaji Yahaya Bello to carry the party’s anything, a ministerial appointment military might. its participation in ECOMOG inter- and tourists if he comes under the Se- flag due to the unfortunate and for the Audu/Faleke group would So what big meal has Jammeh eaten ventions in the Liberia and Sierra untimely demise of Prince Abubakar only open the door for a genuine and Audu. But for the resolve of all parties lasting reconciliation in the state’s involved to peacefully pursue and chapter of the party. The governor, channel their grievances through the Alhaji Yahaya Bello hasn’t been able to Lagos Assembly and kidnappers law court, the state would have been do much in running an all-inclusive IR: The passage of the bill thrown into a theatre of bloodshed. government by practically extending to some criminal offences and ac- of protection of lives and proper- Although some have argued that the an olive branch to the Audu/Faleke seeking capital punishment commodated in our legal jurispru- ties. for kidnappers by Lagos West Senatorial District of the state have group and making policies and S dence is a disservice to the freedom Lastly the success of this law had a fair share in terms of federal programmes that could enhance peace, State House of Assembly is a com- of many victims of this unwhole- would afford the police and other mendable intervention to deter the appointments, having produced the unity and pacifying the aggrieved some banditry. law enforcement agents opportu- most number of ministers in the history within the party. expansionist tendencies of the Kidnap for ransom, an under- nity to record further mileage in criminals franchising the kidnap of the state, hence the need for other The need for President Muhammadu world pastime viewed to have other areas of policing to the ben- senatorial districts to be considered. In Buhari to dowse political tension in the for ransom banality. largely replaced armed robbery for efit of Lagosians. The expediency of this bill is not as much as this line of argument is confluence state by accepting the choice the kid-glove approach applied to For instance the streets of Lagos genuine, selection of a minister to fill of Faleke therefore becomes inevitable only a pointer to the pace-setting its judicial sanctions is gradually are grossly under-policed, one can potential of the commercial artery in the vacant slot at the federal executive and a step in the right direction, if asserting Nigeria in the global map walk the whole length of Broad council should take into cognizance of stability and harmony is to be restored of the nation, it also exemplifies of infamy; it’s a disincentive to for- Street and Marina without a sight the quality of leadership at the ze- the prevailing political configuration in the Kogi branch of APC ahead of eign investment drive as expatri- of any policeman. In a city where in the state. The Central Senatorial 2019 elections. nith of governance in the state. ates become the primary target. CCTV camera remains quantum It has been the argument of many District currently holds the position of Lagos cannot afford to isolate its physics, this is nothing but a veri- governor and the east occupies the seat dispassionate Nigerians including urban renewal drive that has made table harbinger for crime. this writer that the executive eva- of deputy governor; it would only be •Hussain Obaro, it to play host to foreign tourists •Bukola Ajisola. fair for the next minister to come from Ilorin, Kwara State. sion of death sentence as it applies and investors from the imperatives [email protected] THE NATION MONDAY, JANUARY 9, 2017 17 COMMENTS of needs. When in March 2016 the Ambode administration DECEMBER 11, 2016, performance by LUFODO signed a record-setting agriculture-related Memorandum Productions at the Muson Centre, Onikan, Lagos, of Understanding with Kebbi State’s Atiku Bagudu A was gripping enough to hold the attention of Lagos administration, it was an exemplary move towards a much- State Governor Akinwunmi Ambode. After seeing a play needed agricultural revolution in the country. “This is the titled Heart beat The Musical…A New Beginning, Ambode first time in the history of Nigeria that two states are was quoted as saying: “I never believed I could sit down collaborating to develop their agricultural potential,” for two hours, I thought I would just pop in briefly and Ambode had declared. The logic of this agricultural then leave, but this is awesome and fantastic, I thoroughly partnership and how it will enable national food sufficiency enjoyed it.” and food security, apart from its employment-generation What glued Ambode to his seat was the power of the possibilities, is compelling and commendable. performance. When a performance amounts to non- 08054726574 These two instances should be numbered among the performance, the audience recognises that it has been short- remarkable responses by the Ambode administration to changed. This is because performance and non-performance the evolving megalopolis. There is no doubt that the are not and cannot be the same thing. The governor was governor’s holistic governance style has touched and impressed by the play written by Toyin Otudeko. continues to touch critical areas in need of gubernatorial It was a fitting time and place to unveil Ambode’s plan to Ambode intervention. He has proved to be a leader that takes his build theatres where plays like the one he “thoroughly own words seriously by effectively moving from words to enjoyed” would be performed to appreciative audiences. deeds. He said: “The mere fact that I believe strongly in arts, “If we take the concept of resource generation, allocation entertainment and sports, everything that is arts, like I said, onstage and distribution into cognisance and apply the principles before the end of next year, we are going to have five new of good governance, we will achieve economic growth and theatres in Lagos. We are already engaging the Terra Bola Ahmed Tinubu who governed the state from 1999 to 2007, and Mr. Babatunde Raji Fashola who succeeded development,” Ambode said while presenting a paper titled Kulture and we are speaking to another consultant and the “Public Finance: Probity and Accountability” at a workshop truth is that we want to have the theatres in Badagry, Epe, Tinubu. When he spoke about building new theatres, Ambode organised in August 2014 by the Lagos State Government Ikorodu, Alimosho and on the Mainland. We already have and the Lagos Business School. Also, in a newspaper one in Victoria Island. But the truth is that this is where the also said that his administration was looking forward to the climax of the celebration of the state’s 50th anniversary interview he shed light on his understanding of good energy of Lagos is and that is where we should go.” governance, which is an essential aspect of his vision:”In The governor’s rationale was food for thought: “It’s not in May, adding that the festivities would be spiced up with several events promoting the arts and entertainment sector. essence, the elected government is like a caretaker for the so much about physical infrastructure, but 67 per cent of rest of the people, overseeing their resources on their behalf. the Lagos population is below the age of 35, so we need to In other words, the Ambode administration is preparing for a mega celebration. The citizens remain the landlord while the elected officials start finding things to keep the younger ones more creative are only caretakers. Arising from this, good government and then open the space for them to be able to just show By paying attention to cultural production and consumption, Ambode has shown a holistic approach to can only thrive where the resources of the people are their talents.” judiciously distributed to various sectors/needs in the It is interesting that a year before he became the state’s governance. It stands to reason that a megacity needs mega governance. The status of Lagos as a megacity is a reason society in a just and equitable manner that makes life easier helmsman, Ambode in May 2014 published a piece in for every person.” celebration of Lagos State’s 47th anniversary. Ambode said for mega governance. Nigeria’s megacity in 2015 was listed 12th among the world’s largest 35 cities and credited with Ambode’s cultural focus shows that his understanding in the piece titled “Happy Anniversary, Lagos State”: “As of “needs in the society” is not narrow and simplistic. When Lagos turns fifty in the next three years, therefore, the future an unofficial population figure of “approximately 21 million.” Of course, a megacity has to grapple with mega the promised theatres take shape, their presence will mark beckons on whoever would take over the baton in the relay a cultural reinvention that may well inspire a cultural of enduring people-friendly policies to solidify and build challenges. Megacity challenges include slums, crime, homelessness, traffic congestion and environmental revolution. Certainly, a megacity deserves thriving cultural on these worthy legacies.” His reference to legacies was a centres that will raise the bar for cultural production. The tribute to the governmental accomplishments of Asiwaju pollution. Ambode has responded to megacity challenges with beauty of Ambode’s cultural imagination is the promise of attention-grabbing actions. It is noteworthy that when in civilisation. It is undeniable that cultural production has a November 2015 the Ambode administration donated potentially civilising influence. It is this core value that the ‘Ambode’s cultural focus modern security equipment worth over N4bn to the new theatres are expected to bring to Lagos life. Nigeria Police Force, President Muhammadu Buhari Ambode has demonstrated that he is no philistine, which shows that his understanding described the donation as a “remarkable feat.” Buhari urged is a plus for a modern political administrator. The new other state governments to “emulate Lagos State by theatres are expected to create a fertile ground for a variety of “needs in the society” is not supporting security agencies that are trying to keep us safe.” of cultural services that will boost the spirit of the megacity. Ambode’s exemplary donation was of national significance If Lagos is seen as a theatre with Governor Ambode onstage, narrow and simplistic’ because security is significant. it is easy to see that this performer is performing and his Food is significant too. Food is a hierarch in the hierarchy performance deserves applause.

VERY pore of the Nigerian public sector labour force is been handed over to the Economic and Financial Crimes Com- creeping with ‘ghost workers.’ The spooks have come to mission (EFCC), with some of them already undergoing trial. E seem invincible and can’t, for once and all, be elimi- But other than his word, very little has been heard or seen by nated; they just keep seeping back into the system on the back the public about the suspects’ date with the law. of repeated and trumpeted measures – over time, by different In February, last year, the Finance Ministry said 23,846 ghost administrations and at different levels of government – to weed workers were being removed from the government’s payroll them out. The numbers that you often hear cited on the pay- monthly. Finance Minister Kemi Adeosun explained that the rolls of the Federal Government as well as other governments ne spooks were unearthed on the payrolls of various ministries, at lower levels in this country are so mind boggling that one Point departments and agencies (MDAs) through BVN-based staff can’t but wonder at the level of duplicity that facilitates the By Kayode RobertO Idowu audit and enrolment to the Integrated Payroll and Personnel phenomenon. [email protected] 08033549963 Information System (IPPIS). According to her, N2.293billion How the numbers perennially accumulate on payrolls defies was consequently saved on the total wage bill of the MDAs reason and should be a fitting subject for psychic interroga- that February, compared to the level in December 2015 when tion. Because it isn’t as if the public service recruitment proce- the BVN audit process kicked in. dure in Nigeria has no screening and validation checks built The EFCC itself, last April, said it had uncovered 37,395 ghost into it, not to mention that ghost workers could only get on ‘Ghosts’ workers in the Federal Civil Service, with investigations still payrolls after they had managed to open salary accounts with underway. Speaking during a sensitisation event organised by banks that ought to have put them through the financial sys- the anti-graft agency, Acting Chairman Ibrahim Magu said: tem’s validation checks, like acquisition of a Bank Verification “Our investigations have so far revealed that the Federal Gov- Number (BVN). These phantom entities somehow beat all the everywhere ernment has lost close to N1 billion to these ghost workers. audit checks and get on the payrolls anyhow. But the surprise, The figure will definitely increase as we unravel more ghost at least for me, is that official narrative has always centred on odour to the deal was that the pensioners were required to sign workers buried deep in Federal Civil Service payrolls.’’ purging payrolls of the spooks, and only tangentially about an undertaking to “release and discharge the Imo State Gov- And the purge of ghost workers from government payrolls accountability for the brazen sleaze. ernment and its agents from all past, present and future liabil- didn’t just begin with the present administration. Under former Whereas different institutions of government have in recent ity and from all actions, claims and demands in respect of the President Goodluck Jonathan, Finance Minister Ngozi Okonjo- memory claimed to unearth and eliminate sizeable numbers said accumulated pension arrears” before they would be paid Iweala said the government flushed out some 45,000 names of of ghost workers on their payrolls, the parasites seem to al- the 40 percent being made available. ghost workers and saved about N118billion following the ways stay embedded and hobble public sector finances. Now Economic imperative and age-long wisdom in the axiom implementation of the IPPIS. “The Federal Ministry of Finance we officially know, for instance, that the reason the Imo State about a bird in hand being worth ten in the bush perhaps ad- has taken the additional step of referring the issue to the ICPC Government is finding it daunting to pay its pensioners is vised some Imo pensioners to sign up to the undertaking. But for further investigation, so that any identified culprits can face precisely because of the huge monthly bill, which the govern- there were many others in the state chapter of the Nigerian the full wrath of the law,” her communication adviser, Paul ment already suspects is largely being drawn by ghost pen- Union of Pensioners (NUP) who rejected the government’s of- Nwabuikwu, said in a statement. sioners. fer. “What we are saying is that if he (the Governor) has one or The statistics are endless and they become dizzying at some A reported statement last week by the spokesman for Gover- two months of our pensions and gratuities, he should pay us point. And one could well ask: what is the actual size of the nor Rochas Okorocha, Sam Onwuemeodo, cited him as laud- 100 percent and not partial payment,” the state chairman of workforce from which so many spooks are being unearthed? ing Imo pensioners for “appreciating the glaring fact that a NUP, Gideon Ezeji, was reported saying. The Director-General of the Bureau of Public Civil Service, Dr. monthly pension bill of N1.4billion was quite unimaginable It is curious though that the Imo government, by its own Joe Abah, provided some hint in December 2015 when he speci- and too hard for the state or any other state in the country to narrative, yet has the issue of ghost pensioners (perhaps work- fied the nominal roll of the Federal Civil Service as at Novem- bear, no matter the resources of such a state.” The statement ers too) so completely off-handle, considering it announced ber 2015 at 89,511. Well, perhaps the current actual is only said the Governor “allowed every pensioner, whether real or only in May, last year, that it was henceforth adopting strict slightly in excess of that; but it is, of course, bloated with al- otherwise, to be paid so that by January 2017, the issue of ghost use of Bank Verification Numbers for payment of salaries and most an equal quantum of spooks. pensioners can be properly handled.” It added: “It is difficult to pensions; and that specifically was for the purpose of sifting It should be obvious that the persisting challenge of ghost believe that Imo with 27 local governments will be paying out the spooks. It is either the touted measure has been poorly workers is a function of insider corruption in government as N1.4billion monthly as pension, while another state with 44 implemented, if not altogether sabotaged within, or that the well as relevant financial systems. And to effectively deal with local governments will be paying half of that amount on the ghosts somehow managed to remain in situ. the challenge, government would need to go beyond cleaning same subject matter.” But then, Imo isn’t alone with the blight of ghost workers. out public service payrolls and vigorously interrogate how While the Imo government, in the statement, made the point The Presidency in December, last year, announced that 50,000 these spooks beat all the audit checks. Insiders who facilitate that it had redeemed its promise to pay pensioners their ar- ghost workers were flushed off the payrolls in 2016, prevent- them must be actively prosecuted. rears up to December 2016, evidence from the state suggested ing N200billion being corruptly fleeced from the public treas- otherwise, as pensioners only recently took to the streets of ury. Senior Special Assistant to the President on Media and Owerri in protest against outstanding payments. Reports had Publicity, Garba Shehu, said the Efficiency Unit of the Federal ‘How (ghost workers) perennially indicated that the state government grossly rebated the ar- Finance Ministry had been scrutinizing the salaries and wages accumulate on payrolls defies rea- rears, and compelled pensioners to accept the deal or nothing of government departments and was able to lower the else. N151billion monthly overhead to N138billion from February, son and should be a fitting subject Just before the New Year, the Imo State Government was in and the pension bill from N15.5billion monthly to N14.4billion. for psychic interrogation’ the news for issuing pensioners a letter committing them to As for accountability, Mallam Shehu said 11 persons sus- forfeiting 60 percent of their outstanding emoluments. A foul pected of championing the syndicate of ghost workers had 18 THE NATION MONDAY, JANUARY 9, 2017 COMMENTS RADE unions in their New Year mes- Many of them have had to sack workers while sage to workers and other Nigerians de- some others had to evolve very questionable manded good leadership from the fed- formulae to reduce the take home pay of public eralT government and a new National Minimum Emeka servants. Pensions and gratuities are in several Wage to avoid a nationwide industrial unrest. months in arrears in many states with no res- Nigerian Labour Congress, NLC, Trade Un- pite in sight. What guarantee is there that a wage ion Congress, TUC and the National Union of increase will not compound the already hope- Textile Garments and Tailoring Workers of OMEIHE less situation and precipitate a major labour Nigeria insisted that the new wage structure is crisis? That is the uncanny dilemma brought to the only remedy for workers to cope with the the fore by the situation. What are the options high cost of living occasioned by the current 08112662675 in the circumstance? economic recession. The way to go is for the government to em- They cited the “astronomical increase in the email: [email protected] bark on a comprehensive social intervention pump price of petroleum products, the mas- measures to cushion the effects of its debilitat- sive and continuing devaluation of the Naira, ing economic policies. In saner climes, such the rise in inflation and the 43 per cent increase policies would have been immediately fol- in electricity tariff” as factors that have com- lowed up with social security measures that bined to worsen the living standards of work- New minimum wage will enable the people have access to basic food ers and teeming millions of ordinary Nigeri- items, healthcare and other social services that ans. coming. eaten so deep into the nation’s social fabric that are now out of their reach at relatively afford- In the absence of the wage increase, the un- With the dwindling revenue accruing to fed- it would amount to wishful thinking to nurse able prices. We would have seen the govern- ions have promised a nationwide industrial eral coffers on account of the drop in the price the feeling that the malfeasance will disappear ment in conscious and concerted efforts to cre- action that is bound to ground economic activi- of oil in the international market resulting in overnight. That is the sad reality on the ground ate jobs, accelerate investments in mass transit ties with deleterious consequences for an the inability of most governments to pay sala- and the toiling masses of this country are not programmes and others that will have the net economy that is already in serious straits. That ries and allowances, the foot-dragging by the under any illusion about it. effect of reducing the cost of transportation and is the warning signal organized labour has left current regime can be understood. The govern- That is why the rationalization about the by the same logic that of goods and services. for us in the New Year. ment appears not to have come to terms with dwindling revenue of the country does not seem But we are yet to see much progress in that The issues raised by the labour unions espe- the rationale in wage increase when states are to impress them. That is also why they have direction. All we have been treated to are prom- cially as regards the debilitating living condi- unable to cope with extant wage structure. been strident in their demands for wage increase ises that there will be bountiful harvest this tions of a vast majority of our people in the last The big puzzle is do you increase salaries to cushion the biting effects of the economic year. We have also been treated to claims of one and a half years can only be ignored at a when most governments are unable to meet downturn; the inability of the government to self-sufficiency in rice production; a projected great peril. Workers in both the public and pri- the current wage regime? And if such increases keep faith with the current wage regime not- capacity to export the same commodity in a vate sectors have had to contend with a mixed are made, are they not going to worsen the withstanding. matter of months and such other political talks. grill of retrenchment, salary arrears and salary burden which the various governments are The situation therefore presents a dilemma Yet, the commodities have remained largely cuts in the face of spiralling inflation never wit- currently facing such that the federal govern- of sorts. Workers are on the right path to route beyond the reach of the vast majority of our nessed in this country for almost two decades ment had to bail them out with some funds not for wage increase as they have had to pay more people. We would have seen governments sub- now. The value of their take home pay has been long ago? That is the main issue to contend for all goods and services. It is getting increas- sidizing certain goods and services to cushion drastically reduced as they now pay more for with. ingly difficult, if not neigh impossible for them the effects of some of its policies. That has not basic goods and services with many of them Labour unions believe the various govern- to survive in the face of the astronomical cost of happened. unable to access the basic things of life anymore. ments should be able to pay and not hide under living. Wage increase therefore appears to be The government must take immediate steps And in a milieu where the average worker the drop in the price of oil to starve workers to the short term solution to the spiralling infla- to ensure that its current economic policies do has had to contend with the challenges of cater- death. They seem to be contending that given tion that has made nonsense the current earn- not suffocate our people to death. Wage increase, ing for his extended family, the reality of the the lifestyle of some of these governments, they ings of the working population. as attractive as it is, only affects those in gainful situation becomes more glaring. There are should be able to pay if only they make the But the government is not entirely out of or- employment. The answer lies in a multi-fac- hardly new job openings for the teeming army necessary adjustments. This point cannot be der in exercising utmost caution in approving eted approach that captures the demands of the of our unemployed graduates and sundry school discountenanced also. a new national minimum wage that will not be workers and those of other citizens that do not leavers. It is therefore to be expected that the The way some of the state governors conduct implemented by state governments given their have jobs but are equally exposed to the vagar- fastest way to ameliorate the debilitating liv- themselves, the number of cars in their fleet, current defaulting profile in the payment of ies of the biting economic situation. ing conditions of those who are lucky to still observed wastages and their ostentatious life- salaries and allowances. have jobs is through wage increase. styles do not seem to convey the impression of That is how bad the situation is. What to do? That is the view of organized labour. And leaders who make judicious use of the resources It would seem that even with the hardship en- ‘Even with the hardship encoun- they have left nobody in doubt that they want available to them. If organized labour insists countered by workers on account of the diffi- tered by workers on account of the the national minimum wage which now stands on wage increase, it cannot be faulted. Even cult economic conditions, a wage increase may difficult economic conditions, a at N18, 000 to be reviewed upwards to lighten with the current campaign against graft in pub- not be the soothing elixir out of it. We say so the burden of living and enable workers access lic offices, the reality on the ground is that many because various governments have not been wage increase may not be the the basic things of life. That sounds very plausi- public functionaries are yet to align themselves up and doing in their payment of the current soothing elixir ‘ ble. But the government has not been forth- with the realities of the time. Corruption has wage regime.

In contrast to Napoleon Bonaparte, who once said that “the best way to keep one’s word is not to give I it”, an uncompromising penchant for keeping his Ambode, One Lagos Fiesta and T.H.E.S.E word has become the trademark of Lagos State Governor, operational vehicles, power bikes, armoured tanks and Akinwunmi Ambode. By Fola Adeyemi others worth billions of naira to the state Police Command. One of his most consistent campaign promises was to Till date, the governor and his team are not looking back in ensure that Lagos becomes the tourism and entertainment across the five major divisions of the state viz- a -viz at the onerous task of ensuring a safe and secured Lagos where hub of Africa. The vehicle through which he hopes to achieve Agege, Epe, Badagry, Ikorodu and Lagos Island. The plan is investors get adequate returns on their investments. this is T.H.E.S.E – an acronym for Tourism, Hospitality, to guarantee that every part of the state was given the The 2016 OLF further provided a boost for the attainment Entertainment and Sporting Excellence. With the global drop opportunity to have a taste of the stimulating experience. It of T.H.E.S.E. in the state as the entertainment and tourism in oil prices and the resultant economic downturns which is in further accomplishment of Ambode’s pledge to run an sectors received extensive momentum for growth courtesy our country currently experiences, the pursuit of T.H.E.S.E. all-inclusive government in which every segment of the high demand for related services and products during and is, indeed, a strategic platform for the much needed society is not left out in the scheme of things. Indeed, one of after the event. Entertainment spots that were close to the economic diversification. Since his assumption in office, the core objectives of the OLF was to foster unity among all locations of the event actually cashed in on its economic Governor Ambode has left no one in doubt about his resolve classes and groups of people in Lagos. This is quite impact. In terms of empowerment, the event created over to grow the Lagos economy and empower the youth through imperative in view of the multi-ethnic and mixed religion 10,000 direct and indirect jobs for diverse professionals who several alternative means which include the tactical character of Lagos which has made the metropolis to be were engaged in sundry aspects such as publicity, lightning, promotion of tourism, entertainment and sports. termed a ‘mini Nigeria’. Certainly, the inevitability for unity engineering, decoration, carpentry, welding, painting, Towards this end, Lagos has played host to quite a number in such a multi-ethnic metropolis as Lagos cannot be catering etc. of global and continental entertainment events. One of such overstressed. Similarly, with over 50 local artistes on hand to perform is an evening of Jazz which the governor hosted in A major unique trait of the 2016 edition of OLF was the at the event, both budding and established artistes were commemoration of 2016 International Jazz Day. Equally, profound participation of the private sector. In order to availed the platform to up their act and directly connect the City of Lagos beat other major African cities to the mirror the philosophy of the Ambode administration, the with their fans. This has helped a lot of them to pep up their hosting right of 2016 AFRIMA. Similarly, a one of its kind seven–day long event had sufficient private sector interest. fan base. Indeed, some new artistes that were discovered Lagos Street Party was held in 2016 while Lagos equally This is a deliberate strategy by the state government to fully prior to the main event were given the opportunity to share posted a remarkable showing at the 2016 edition of involve the private sector in the grand scheme to make Lagos the stage with renowned stars such as King Sunny Ade, Nottingham and Toronto Carnivals. At the Toronto Carnival the destination of choice for diverse people across the world. Ebenezer Obey, Queen Salawa Abeni, Dr. Adewale Ayuba, in particular, eight films by Lagos State-based filmmakers In doing this, the state government is just toeing a well- Sir. Sina Peters, Haruna Ishola Jnr, Tiwa Savage, Phyno, Falz, were selected for red-carpet premieres and screenings. Think established and rewarding universal path. In adopting this Olamide, Dr. Sid, Olu Maintain, Big Sheff and a host of others. of the mileage that this gives to Lagos and all the filmmakers strategy, government is not abdicating its responsibilities Now, what does 2017 holds for T.H.E.S.E? 2017, no doubt, not only in terms of publicity but business opportunities but essentially releasing scarce resources for other equally would further provide a huge boost for the promotion of and exposure on such massive global platform. important projects thus creating a win-win situation for the Ambode administration’s T.H.E.S.E. policy thrust. With all Governor Ambode’s tenacity in the advancement of government and the private enterprise as well. The hands on deck for the state’s Golden Jubilee anniversary T.H.SE.S.E is a reflection of his massive passion for the arts. participation of corporate sponsors such as GLO, NBL, later this year, the art, entertainment, tourism and other It will be recollected that during the campaign, music in MIKANO and others helped turn the fiesta into a massive such related sectors are, once again, in for a great deal. particular, played a major role in the campaign train that entertainment project, whose memory will be cherished by brought the Governor into office. There were quite a number many Lagosians for a long time. •Adeyemi is Permanent Secretary, Lagos State Ministry of of artistes who were referred to as ‘Ambode ambassadors’, One other key highlight of the fiesta was its perfect security Information & Strategy, Alausa, Ikeja, Lagos. who supported his aspirations and dreams, which assisted arrangement. That such a massive event was held across him in giving the best communication campaign ever that five different locations in the state without any security ‘One other key highlight of the fiesta would see a governor winning an election in Nigeria. Till breach is a reflection of the impact of the state government’s date, the governor remains a major rally point for both massive investment in public security. From the outset, the was its perfect security arrangement. established and budding national entertainers. vision of the Ambode administration is to make Lagos That such a massive event was held In a bid to further concretize the plan to transform Lagos Africa’s Model Megacity and Global Economic and Financial into an entertainment nucleus, in 2015 the Ambode Hub. This can only become a reality if every minute of the across five different locations in the administration expanded the scope of the annual Lagos 24 hours in a day could be properly harnessed in a secured state without any security breach is a Countdown, an event with which the state government ushers and safer environment. This explains why most cities that in the New Year. Now renamed One Lagos Fiesta, OLF, the operate 24/7 economy place immense emphasis on getting reflection of the impact of the state 2016 edition which was on course for seven days clearly the security right. A major defining act of the state lived up to expectations as the euphoria it created is yet to government since June 2015 is the strengthening of security government’s massive investment in wane, and excusably so. mechanism in the state through the purchase and public security’ deployment of surveillance helicopters, utility and As it was the case in 2015, the event held concurrently THE NATION MONDAY, JANUARY 9, 2017 19

It is possible for Nigeria to get out of reces- THE NATION sion. Nothing is impossible to a Nigerian; we have succeeded in many other fields. For example, in telecoms, we have recorded the highest growth rate in the sector anywhere in the world. -Acting Managing Director, Bank of USINESS Industry (BoI), Waheed Olagunju. E-mail:- [email protected] Plans to boost LCCI: Budget 2017 may not pull economy gas supply HE 2017 Budget may decision of clear arrears of underway not pull the economy electricity bills owed by By Akinola Ajibade Tout of recession, be- out of recession ministries, departments cause it is not significantly and agencies (MDAs) to LANS are afoot to different from that of last By Toba Agboola enough and appropriate for impact. power distribution compa- allow power firms year, the Director-General, the budget. “The public private part- nies; the decision to look access sufficient gas as Lagos Chamber of Com- great deal of difference in our “However, the oil output nership option needs to be into contractor arrears of P power generation hits 4,000 merce and Industry (LCCI), story. assumption of 2.2mbd is op- quickly activated to attract about N2 trillion which had megawatts (Mw) of Mr Muda Yusuf, has w said. “We need policies that timistic, given the prevail- private sector capital,” Muda accumulated for over electricity,it was learnt at He said the difference would stimulate domestic ing conditions in the Niger said. 10years. the weekend. might be in its implementa- and foreign investment. We Delta. It is noteworthy that He said there were several He said the pronounce- For this to happen, the tion and the sustainability of need to inspire the confi- many of the revenue as- commendable policy pro- ment by Buhari that 2017 Federal Government, the the underlying assumptions. dence of investors. sumptions for 2016 have nouncements in the budget would see a harmonisation House of Representatives’ He, however, said there “The economy is still a been reviewed downwards presentation by President of monetary, fiscal and Committee on Power and was hope of getting out of major attraction as an in- to more realistic levels. The Muhammadu Buhari. trade policies was comfort- the gas marketing compa- recession if the right things vestment destination. The emphasis of proposed capi- Some of these, according ing. nies are brainstorming on were done, adding that the fundamentals are still good. tal spending on infrastruc- to him, include restoration “The truth, however, is the appropriate strategy to recession story has both ex- But we need to complement ture is laudable. of the Export Expansion that the policy environment deploy. ternal and domestic dimen- this with the right policies - “Works, Power, and Hous- Grant (EEG),which is the will have a much greater The discussions, it was sions. monetary policy, foreign ing Ministry has the highest main incentive for the non- impact in stimulating in- learnt, centered on how to “We may not have much exchange policy, tax policy, capital allocation of N529 oil export sector; the vote vestment and pulling the explore alternative sources influence on the external fac- investment policy, trade billion; Transportation min- of N50 billion to boost the economy out of recession of providing gas for the tors such as oil price, but we policy and fiscal policy,” istry has the second highest Special Economic Zones than the budgetary appro- turbines to boost power have control over the policy Muda told The Nation in an of N262 billion. and the Export Processing priations. No doubt the supply. environment that we create interview in Lagos at the “But given the huge defi- Zones; the N15 billion capi- budget is important, but House Committee on to attract private capital. I weekend. cit in infrastructure, these talisation support of Bank the economic policy frame- Power Chairman, Hon believe that appropriate He said the oil price as- allocations are still not ad- of Industry (BoI) and Bank work for investors is more Daniel Asuquo, said the policy choices can make a sumption is conservative equate to make the desired of Agriculture (BoA); the important,” Muda said. committee was discussing with the relevant stakeholders on how to fast-track gas supply to the power generation compa- nies (GenCos). Asuquo told The Nation at the weekend that the From left: committee was performing Chairman, its oversight functions of Pinnacle monitoring the power Communi- cations, Mr. firms, as well as making Lucky efforts to boost electricity Omolua; supply. Minister of He said: ‘’Currently, the Information Committee is advising and Culture Federal Government and Lai Moham- gas companies to look for med and new fields as part of ef- National Broadcast- forts to improve power ing Com- generation. We are telling mission the government and the (NBC) DG gas marketing firms to Is‘haq look beyond Niger Delta Modibo for gas procurement. The Kawu, reason is because militant’ during the activities are affecting gas inspection of facilities production in the region.” at Pinnacle He added that there are in Abuja non-associated gas fields outside the Niger Delta region, urging investors to leverage on the fields for growth. According to him, the fields, when explored, have the capacity to produce enough gas for the tur- bines. He said, by so doing, the Fed Govt mulls sovereign savings bonds for retail investors country would be able to HE Federal Govern By Taofik Salako Federal Government bonds, The stockbrokers will act as (NIBSS) for effective and effi- boost power supply and ment is set to launch has already reached a Memo- agents to the DMO for the cient processing of subscrip- further move from violent Tits first-ever savings Services (FIRS) and other randum of Understanding marketing and distribution of tions, allotments, settlement, agitations in the Niger bonds into the domestic government ministries, de- (MoU) with the stockbroking the FGN Savings Bond to re- payment of coupon, redemp- Delta region and its ef- bond market to link savings partments and agencies community on the market- tail investors, including sell- tion, as well as for “Know fects on the oil and gas and investments with na- (MDAs). ing and distribution of the ing the FGN Savings Bond to Your Client” (KYC) purposes. industry. tional infrastructural devel- A preliminary review of savings bond. The MoU pro- existing clients using their re- Sources in the know indi- Asuquo said a system, opment and economic the framework for the sav- vides a glimpse of the struc- tail investor base and attract- cated that the DMO is prepar- through which gas firms growth. ings bond indicates that the ture and framework for the ing new ones in order to ing a comprehensive guide- would distribute emer- The bonds, to be known as bond certificate could be savings bond. deepen the retail market for line that will serve as the gency gas to where the Federal Government of Ni- used as guarantee and The savings bonds will be FGN securities. main framework for the regu- power companies are geria Savings Bond, will be collaterals where such are traded like quoted equities Stockbrokers are also ex- lation of the FGN Savings located, should be put in marketed like the ordinary required in transactions with and other securities on the pected to embark on public Bond. place. equities on the stock market the MDAs and private or- NSE with stockbrokers ex- awareness campaign in order The sources said all parties He said interventions and will be available to all ganisations. pected to make two-way to promote the product as well to the savings bond are work- from other countries Nigerians, including those Investors will also be able quotes for the FGNSB in or- as develop a robust electronic ing towards issuance of the would help Nigeria with the smallest amount of to purchase the savings der to provide secondary marketing and distribution maiden savings bond within achieve its energy poten- money to invest. bond in small units through market liquidity for the sav- platform through which the this quarter. tial, urging it to emulate The savings bond will physical offices and several ings bond. FGN Savings Bond could be Nigeria plans to finance its Ghana and other countries, bear all the regular features online platforms. After the According to the agree- made available to retail inves- estimated 2017 budget deficit which have taken similar of a national bond, includ- closure of the primary issue ments between the DMO and tors. of N2.32 trillion by borrow- steps. ing the zero default rate of a for the savings bond, retail stockbroking community, a Such electronic marketing ing from the domestic capital He explained that a sovereign issuance, fixed investors will be able to buy copy of which was obtained and distribution platform market and external sources. combination of off-grid coupon or interest rate, and sell the bonds through by The Nation, the DMO will will be linked to the CBN’s A total of N1.254 trillion is ex- and on-grid methods of privileges and exemptions the Nigerian Stock Exchange on behalf of the Federal Gov- Scripless Securities Settle- pected to be raised from the generating electricity has from certain taxes and lev- (NSE). ernment of Nigeria (FGN) in- ment System (S4), Central Se- Nigerian capital market helped countries in the ies, as outlined by the Cen- Sources said the Debt Man- troduce the FGN Savings curities Clearing System while N1.067 trillion will be developed economies to tral Bank of Nigeria (CBN), agement Office (DMO)- Bond (FGNSB) into the domes- (CSCS) and the Nigerian raised through international achieve energy efficiency Federal Inland Revenue which oversees issuance of tic bond market. Interbank Settlement System issuances and organisations. and economic growth. 20 THE NATION MONDAY, JANUARY 9, 2017 BUSINESS NEWS MAN to Buhari: increase infrastructure spending HE Manufacturers As By Muyiwa Lucas investment on the provision uct distribution. cated to the development of work across the country. sociation of Nigeria of electricity to run his plant. He criticised the allocation capital infrastructure to accel- among others, over the next T(MAN) has advised dent, Alhaji Alli Madugu, said He said manufacturers have of N529 billion to Power, erate economic recovery, five years, will lead to expo- President Muhammadu when this was done, foreign high expectations of the Works and Housing in the wealth creation and also to nential growth and develop- Buhari to increase invest- investors would be happy to economy this year, and as budget, saying that the redistribute income. He is of ment of the country’s ment in the provision of in- bring in their money, con- such, government cannot af- amount is insignificant. the opinion that if such per- economy,” he said. frastructure across the coun- vinced that operating cost to ford to let the nation down. “Which of the units under centage is sustained over a Madugu called on the Na- try to attract more foreign be incurred in any business The Dala Foods chief said the ministry does not require number of years on infra- tional Assembly to expedite direct investment. venture would be minimised. while he understood that the more than that amount? It is structure development, the action on passing the budget, The group singled the Madugu, who is also the government could not do a mere drop in the ocean economy will be reposi- while the executive should power sector as one that Chief Executive Officer,Dala much in terms of power gen- which will have no impact,” tioned and reset on the path avoid the bureaucracy it is should be targeted by the Foods Nigeria Limited, Kano, eration and distribution, it he said. of prosperity. known for by ensuring government for increased in- explained that given the trend should at least provide a very Madugu said this position “Allocating 45 per cent of timely release of funds to vestment. in the country’s economy, no conducive environment, es- informed MAN’s earlier call the budget to key infrastruc- appropriate Ministries, De- Its Small and Medium size investor would be willing to pecially in gas pipeline on the government that 45 per ture, such as renewable en- partment, and Agencies of Businesses Unit Vice Presi- spend about 60 per cent of his channellisation and the prod- cent of 2017 budget be allo- ergy, modern railway net- the government. Nigeria to cut $660m wheat imports EBBI Rice Farmers As sociation Chairman, KAlhaji Sahabi Augie says Nigeria will take a re- markable step towards re- ducing wheat production this year. Nigeria spent $880million on foreign purchases in 2015 and $660million last year. However, with the govern- ment revenue down as a re- • Minister of Agriculture sult of dwindling oil prices and Rural Development, and foreign exchange con- Chief Audu Ogbeh straints, the government has decided to reduce its wheat By Daniel Essiet imports. Speaking with The Nation, Speaking after a meeting of Augie said Central Bank of the fourth joint commission Nigeria’s (CBN) Anchor Pro- meeting between Russia and gramme’s decision to sup- Nigeria in Abuja, she said the port local cultivation of imports would end. She wheat after the success re- added that Nigeria would corded in bringing the price invite Russians to help im- • From left: Country Manager, Intel, Bunmi Ekundare; Director, Desktop Partner Marketing and Engagement, Lukecia of rice down would reduce prove the country’s agricul- Gunter; Movie Producer, Kunle Afolayan; and Marketing and PR Manager, Intel West Africa, Adim Isiakpona at the Intel imports of wheat this year. tural productivity. Meets Nollywood round-table discussion with film makers, cinematographers and graphic designers in Lagos. Wheat is planted in Novem- Hajiya Abba-Ibrahim said: ber and harvested early “We import a lot of wheat March and requires attention from Russia and we are tell- because of its sensitivity. ing Russia that this has to Augie said the CBN pro- stop. We want the Russian ‘Implementation critical to budget gramme was taking care of companies and farmers to HE 2017 Budget pro the 2017 budget to the Na- farm input, improved seed- come to Nigeria to show us posal presented to the 2017 success’ tional Assembly, Buhari dis- lings and access to finance how we can grow our agri- TNational Assembly by closed that as at the end of and market. culture sector with modern President Muhammadu By Chikodi Okereocha entation, Buhari said the September last year, 59 per He noted that there are technology.” Buhari was based on realis- Federal Government pro- cent of the 2016 budget had hopes that huge sums spent The Lake Chad Research tic assumptions, but judi- Based on these assump- posed a budget of N7.3 tril- been implemented. on wheat imports would Institute has released two cious implementation of the tions, aggregate revenue lion, which is a nominal 20.4 He said the Federal Gov- drop substantially with the wheat varieties to farmers budget is critical if it must available to fund the budget per cent increase over that of ernment had implemented CBN support for wheat farm- that can produce between help the economy exit reces- is N4.94 trillion. This is 28 last year. about N3.58 trillion out of the ers in the provision of tech- 3.5 metric tons and 6.5 tons sion, the Registrar/Chief per cent higher than last He said 30.7 per cent of this N6.08 trillion budgeted for nical support, provision and per hectare (2.471-acres) Executive, the Institute of year’s full year projections. expenditure would be capi- 2016 as at September 30. procurement of fertiliser and and could grow with rain Business Development (IBD), Oil is projected to contribute tal in line with the govern- “As at September 30, 2016, financial assistance. water or irrigation. Previ- Mr. Paul Ikele, has said. N1.985 trillion of the pro- ment’s determination to aggregate revenue inflow Wheat cultivation area cov- ous strains had maximum He said the N7.3 trillion jected revenue. reflate and pull the economy was N2.17 trillion or 25 per ers mainly the Sudan/ output per hectare of four budget, tagged “Budget of Non-oil revenues, largely out of recession as quickly as cent less than prorated pro- Sahelian zones of Borno, tons for irrigated farms and Recovery and Growth” could comprising Companies In- possible. jections. Similarly, N3.58 tril- Yobe, Bauchi, Jigawa, Kano, 2.5 tons per hectare for us- turn the fortunes of the come Tax, Value Added Tax, While noting that “the lion had been spent by the Zamfara, Katsina, Sokoto, ing rain water. economy around. Customs and Excise duties, budget assumptions look same date on both recurrent Kebbi and Adamawa states, The target by the institute He, however, expressed and Federation Account lev- good to steer the country out and capital expenditure. where commercial wheat was to achieve 1.5 million fears that despite its realistic ies are estimated to contrib- of recession,” Ikele said that “This is equivalent to 79 production is possible metric tons production this assumptions, the challenge ute N1.373 trillion. the extent the budget, when per cent of the prorated full through the use of expensive year and reduce importa- of poor and shoddy imple- The government also set a approved, will re-tool the year expenditure estimate of irrigation. tion by 50 percent.The in- mentation of budgets in the more realistic projection of economy, will depend on the N4.54 trillion as at the end of The Minister of State, For- stitute plans to release two past remains a challenge. N807.57 billion for Inde- level of its judicious imple- September 2016,” he said. eign Affairs, Hajiya Khadija new varieties of wheat with The 2017 budget is based on pendent Revenues, projected mentation. The president pointed out Abba-Ibrahim, said Nigeria better yields, including an a benchmark crude oil price receipts of N565.1 billion He said it was necessary to that low oil prices in the first was ending wheat import irrigated strain with poten- of $42.5 per barrel; an oil from various recoveries, avoid the same low and quarter of 2016, and disrup- from Russia as part of the tial yields of between seven production estimate of 2.2 while revenue sources, in- shoddy implementation that tions in crude oil production, government’s drive to re- andeight tons per hectare million barrels per day cluding mining were pro- dogged the 2016 budget, if which led to significant duce the nation’s food bill and a rain-fed type that (bpd); and an average ex- jected to contribute the 2017 budget must suc- shortfalls in projected rev- and preserve scarce foreign could yield between five change rate of N305 to the N210.9billion. ceed. enue affected the implemen- reserves as dwindling oil and six tons per hectare, he dollar. Speaking during the pres- Indeed, while presenting tation of the 2016 Budget. revenue falls. said. ‘Recession taking toll on SMEs’ RIVATE players in the By Paul Oluwakoya erance rate is increasing and ness exhibition and network- at Choice Dental is an open educate them more and more. small and medium en getting worrisome by the day ing opportunities for guests at house for friends, families and People don’t go to the dentist Pterprises (SMEs) of the ices in the country. despite that there are certified the clinic, said this was con- patients. Basically, some of our and a lot of ailments could be economy have lamented low Though there is still low professionals to help. ceived just as dentistry practi- patients are complaining about prevented but our people don’t patronage because of the re- level of dentistry education “We are working to im- tioners awaited Federal Gov- the down turn in the economy know this. cession. among Nigerians, which re- prove the low level of den- ernment’s economic restruc- and we thought of a way to “Nigerians should visit a Choice Dental Managing ally is a call to duty for gov- tistry education through turing and prompt interven- help them by having them ex- dentist at least twice in a year. Dentist, Dr. Sade Akiode, who ernment, advocacy group awareness and advocacy pro- tion to save the practice. hibit their businesses so that If people go to the dentist they spoke in Lagos, urged Presi- and private entities grammes but government ”Practitioners know that eco- when people come, eat and will understand that we are dent Muhammadu Buhari to stakeholders but the case is should look into business nomic downturn is one of the have fun, they could also buy here to save them and help save the profession by fixing getting worse as a result of growth opportunities for our reasons patients rarely call for some of the things exhibited. them safe money. If they don’t the economy. the poor economy. patients and Nigerians at the professional services aside “Also, we want people to visit dentists regularly, they She lamented that dentists She said: “No patient large as a way to help private the general low level of edu- come in and know what choice will end up spending more were passing through hard should die or lose a tooth. Un- companies in the industry.” cation on dentistry in the coun- dental and dentistry is about money. Dentistry is all about times as a result of the drop fortunately, the reverse is the Akiode, who held an open try. because most people don’t go saving everybody’s money,” on patients call for their serv- case in Nigeria and the sev- day initiative that availed busi- “Today, what we are doing to the dentist and we need to she added. THE NATION MONDAY, JANUARY 9, 2017 21 BUSINESS NEWS NSWF to set up firm for pension funds infrastructure investment IGERIA’s Sovereign “The company will provide Poor infrastructure and ac- The new venture will pro- their first investments in the These include a Trans-Af- Wealth Fund (NSWF) enhancements for infrastruc- cess to capital is a major bot- vide a form of monoline in- first quarter of the year. rican gas pipeline which it Nis setting up a com- ture bonds, and we believe tleneck to growth in Nigeria, surance, giving a guarantee The Agri-Fund aims to im- is envisaged will support the pany in partnership with this will make an effective and the government has and allowing pension funds prove Nigeria’s food secu- creation of industrial hubs. London-based local currency platform for Nigerian pen- identified infrastructure in- and insurance companies to rity and is seeking invest- Orji said this was an ambi- guarantee firm, GuarantCo, sion funds to invest in them.” vestment as a major priority. invest. ments in farms, storage and tious project but it would be to enable pension funds to NSWF has some $1.25 bil- Unlocking fresh sources of “The NSIA cannot give irrigation infrastructure for cheaper and more effective invest in infrastructure lion under its management. capital will help, with Niger- guarantees by itself, so we everything from arable than trying to build LNG fa- bonds, its chief executive said GuarantCo facilitates infra- ia’s pension fund assets at have created a company that crops to dairy farming and cilities across Africa to ex- at the weekend. structure development in $26.4 billion at December can do this,” he explained. fish farming. port Nigeria’s gas. The new business will be low income countries by 2015, according to data from The tie-up is the latest in a “That is more advanced in With a recovery in the oil launched in a few weeks’ providing credit guarantees Nigeria’s National Pension series of partnerships for the terms of being able to make price in late last year, and a time and aims to overcome denominated in local cur- Commission(PenCom). NSIA. In August it an- an investment, and the first better macro environment, some of the challenges fac- rency to financial institutions Orji said currently, when nounced agreements with quarter is likely to be very Orji expects further injec- ing the financing of infra- and bond investors. It is municipalities want to issue Old Mutual Investment busy,” Orji said. tions into the NSIA in 2017, structure projects in Africa’s funded by Britain, Switzer- bonds to fund infrastructure Group and UFF Agri-Fund to The real estate fund is tar- following 2016’s $250 mil- most populous nation. land, Sweden, the Nether- projects, most pension funds establish two funds to invest geting commercial property lion additional funding. Nigeria Sovereign Invest- lands and Australia, and spe- won’t buy them because the in real estate and agriculture such as offices, hospitality, “There’s been a strong ment Authority (NSIA) Chief cialises in frontier market credit rating of the issuer respectively. logistics and industrial commitment shown by the Executive,Uche Orji, said: infrastructure. isn’t strong enough. Orji said these could make parks. administration in continu- The NSIA also signed a ing to support the fund, and strategic partnership agree- even in 2016, as difficult as ment with its Moroccan it was with the oil price, peer, Ithmar Capital, to co- there was still an injection,” operate on bilateral invest- he said. ments. ‘Banks violate CBN’s directive on Compliance Officers appointment’ ANKS are finding it dif By Collins Nweze ficult to comply with Bthe Central Bank of Ni- (ECO) should not be below geria’s (CBN’s) directive that the rank of an Executive Di- only those in the rank of Gen- rector adding that the policy eral Managers (GMs) and shift was an attempt to ensure above are to be appointed as strict compliance with all ex- Chief Compliance Officers tant regulations, particularly (CCOs), it was learnt. those relating to foreign ex- It was further leant that change transactions, Finan- some of the lenders still al- cial Action Task Force (FATF) low workers below this sta- and Anti-Money Launder- tus to act as CCOs, a practice ing/Combating the Financ- that is expected to attract sanc- ing of Terrorism (AML/ tion. CFT). The CBN’s directive was He said the CBN also de- meant to ensure that those cided to enhance the mini- playing the CCOs role will be mum qualifications for the able to report to bank chief position of the CCOs of com- executive officers and allow mercial banks. a quicker resolution of com- “Going forward, DMBs are pliance issues. required to appoint not only CBN Director, Financial a CCO who must not be be- •Vice President Yemi Osinbajo flanked by President, African Development Bank(AfDB), left, Dr. Akinwumi Adesina; and Policy and Regulation, I. R. low the rank of a General Founder, The Tony Elumelu Foundation, Mr. Tony Elumelu, at the panel discussion titled: “ Jobs for Youths in Africa” held Yusuf, had in a circular to Manager regardless of the cat- during the Annual Meeting of AfDB in Lusaka, Zambia. banks, directed that an Execu- egory of the institution but tive Compliance Officer also an Executive Compliance Officer (ECO) who should not be below the rank of an Ex- ecutive Director. The CCO ‘Oil can’t go beyond $60 per barrel now’ will report to the ECO while the ECO will in turn report ESPITE the agree By Ambrose Nnaji would boost the price and which is what we need. All no convergence between the directly to the Board of Direc- ment to production help to bring some form of these put together will help black market and all the tors,” he said. D cut by the members various different exchange stability to the market. the government and the other multiple exchange Yusuf said the apex bank and non-members of the Or- rates, adding that the situation Adidi said the agreement economy in terms of foreign rates including the official would hold the Executive ganisation of Petroleum Ex- also made foreign direct in- led to the increase in oil exchange reserves,” he said. rate (bank rate), black mar- Compliance Officer responsi- porting Countries (OPEC), vestment inflow uncertain. priceswhich is likely to con- He lauded the move by the ket rate as well as travelers ble and accountable for any oil prices cannot go beyond ‘’Ideally, nobody wants the tinue this year on condition government to do away with cheque. breach of any regulation in $60 per barrel this year, Man- price to go beyond $60 as of that the non-OPEC members the payment of cash calls. “For foreign investors to commercial banks. aging Partner, J. O. Adidi and now,’’ he said, ‘’for the simple would keep their promise on According to him, the mul- come,government must re- “For avoidance of doubt, the Co., Chartered Accountants, reason that the production cost the deal. tinational oil companies will move uncertainties in forex CBN shall suspend or dismiss John Adidi has said. of the Shale Oil and Shale Gas “And luckily too, OPEC cut need to look for money and management so that things any ECO and CCO found He said prices would con- in the United States (U.S) is be- did not affect Nigeria because maybe carry crude with pay- would find its level. Let the wanting in the discharge of tinue to oscillate above $55 tween $60 and $65 per barrel.’’ of our own challenges. So we ment over a period of time. naira and dollar interface be- his or her responsibility. per barrel. According to him, the mo- are not restricted, we can stick He urged the government tween demand and supply. DMBs are required to forward Adidi, in a telephone inter- ment the price goes beyond to this until we achieve the to introduce a single ex- “Fuel subsidy regime the names of their ECO and view in Lagos at the weekend, $60,American producers were 2.2million barrels per day, change rate irrespective of should not be replaced by CCO together with their cur- said the major challenge con- might start production again and if that happens with pos- the price that would free the forex subsidy regime be- riculum vitae to the CBN for fronting the country was the which would inevitably lead sible increase in price then the foreign exchange market cause there are multiple ex- approval on or before Octo- lack of proper management of to another round of surplus in budget estimate in terms of saying the naira/dollar ex- change rates in the country. ber 10. The ECOs are, there- the available foreign ex- the market. revenue might be met or change should be made to It will scare away foreign fore, allowed to combine the change rate (forex) by the gov- He recalled that towards even surpassed a little. find its true value investors. Rather than bring- responsibility with other ernment the end of last year, OPEC “It also means there is the He warned that the chances ing their money in an uncer- functions while CCOs will He said no business man members and non-members possibility of growing the of foreign direct investment tain environment like ours, focus only on the compliance would be encouraged to plan agreed to have production reserves further particularly coming into the country was they will push it out there,” matters in the bank,” he where there were up to five freeze, an idea he argued the excess crude account going to be worst if there was he said. added. AfDB okays $870m for Tanzania’s off-grid energy plans HE African Develop to improving access to elec- density makes grid expan- country could be served by ing and operating projects in to make a real contribution ment Bank (AfDB) has tricity in rural areas of the sion projects – which would off-grid power, and that rural areas using renewable to Tanzania’s ambitious en- Tapproved $870,000 East African country. need to traverse vast swathes mini-grids could benefit technologies. ergy access targets, ultimately grant to promote off-grid National energy coverage of uninhabited land – pro- around nine million people. Commenting on the improving livelihoods for all electricity generation in Tan- in the East African country is hibitively expensive. A sig- By 2022, the government scheme, which was approved rural communities in the zania. estimated to be around 20%. nificant market therefore ex- aims to have established 1.3 at the end of November, country.” The grant, announced over In rural areas, coverage is ists for off-grid electrification million connections in rural Tonia Kandiero, AfDB resi- Kandiero confirmed that the weekend, was approved particularly poor, with only schemes. areas and ensure the average dent representative in Tan- the funding would be pro- under the Sustainable Energy seven per cent of the popula- The government of Tanza- access rate to electricity in all zania, said: “The SEFA sup- vided in the context of the for Africa facility, which is tion having access to electric- nia has set an objective of in- areas is boosted to 35 per port will help address [the] AfDB’s New Deal on Energy funded by the governments ity. According to the AfDB, creasing access to electricity cent. existing finance gaps in the for Africa strategy. This, she of Denmark, the UK, the US this means almost 30 million by promoting renewable en- Funding from the AfDB market and accelerate pri- said, “stresses universal en- and Italy. people lack a connection to ergy powered by off-grid and will therefore channel “ap- vate sector participation in ergy access through increased The money will go towards the electricity transmission mini-grid electrification propriately tenured and off-grid electrification in adoption of clean energy tech- funding private sector clean grid. schemes. Official estimates priced” finance to private Tanzania. nologies and partnerships energy projects, with a view Moreover, low population suggest as much as half the sector companies develop- “We expect this initiative with the private sector”. THE NATION MONDAY, JANUARY 9, 2017 22 THE NATION BUSINESS INSURANCE Why insurance uptake is low in Nigeria, by experts

ACK of trust between the sub- Stories by Omobola Tolu -Kusimo surance experts, religious culture, tra- to underwrite huge and multiple poli- treasury bills, stocks and real estate scribing public and insurance ditional culture or norms, ignorance, cies and also to write-off and cover an Insurance Consumer’s Experience particularly through the instrumental- L companies and absence of illiteracy, absence of infrastructure, huge multiple losses and or damages. ity of life insurance. awareness campaign to inform the in the United States of America and lack of insurance companies to cover He said: “There is also need to Lessons for Nigeria” presented at an He further stated that life insurance subscribing public on the benefits of huge damages or losses, poor tech- strengthen insurance capacity build- enables systematic savings while in- taking policies are reasons insurance insurance conference in Lagos. nology and the deliberate behaviour ing centres providing technical and According to him, this is unlike the surance turn accumulated capital into has failed in Nigeria, an expert, Prof of the insurer and the insured not to continuous professional develop- productive investments. It is an im- Matthew Atobe has said. United States (U.S.) where insurance disclose full material fact to process, ment, peer review mechanism, uni- companies contribute more to the portant source of capital formation and Atobe who is an authority in con- pay and receive claim. form language and innovation in the a key source of long term capital, en- sumer protection matters, made this growth of the economy. For a rebirth to occur in the indus- area of marketing, full funding of in- He identified other problems as ab- couraging the growth of capital mar- known in a paper titled: “Insurance try, the expert said there is need for surance investigators, target rural kets. sence of professionally trained in- Consumers in Developed Economies, equity, increase in operating capital emerging/promising communities, He noted that the funds are used in among others. individual development to promote “There is no other industry that economic growth. It also encourages may have contributed more to the loss of mitigation, financial stability, growth of the economy of United and promotes trade and commercial States than insurance companies. You activities. may not be able to confirm this expe- “The industry is a powerful engine rience unless you have filed a claim for job creation. According to Dr. Ngozi against an insurance company as a re- Okonjo-Iweala the industry has the sult of loss or damage caused by events ability to create jobs for 100,000 people that you, an insured party cannot con- in the next three years and more than trol. The role of insurance is to reduce 300,000 people in the next decade. There risks. is need to unleash the latent energies “Insurance companies are risk tak- of the industry to create more jobs and ers. Yes it is true, you invest so much boost economic development on insurance premiums, but the risk “Insurance enhances peace of mind. you suffer you transfer to insurance The security wish is the prime moti- company when a loss or damage oc- vating factor to work more. Tension curs. Insurance companies operating leads to unpleasant reaction causing in U.S. provide great deal of benefit to reduction in work. By means of insur- the U.S. economy. “ ance a number of the uncertainty that Another insurance expert, the Group centers on the wish for security and its Head, Energy and Special Risk, Inter- attainment may be eliminated or sig- national Energy Insurance (IEI), Jude nificantly reduced. Modilim while delivering his paper “It protects mortgaged property. In titled: “The Economic Importance of the event of death of the owner of the Insurance in National Development” mortgaged property, it gives the added that the development of the in- lender comfort. It also eliminates de- •From left: CFO FBNInsurance, Festus Izevbizua; MD/CEO FBNInsurance, Val Ojumah; and CEO FBNInsurance, dustry is related to economic growth. Emeka Dibia at the event. pendency on the death of a husband or He stressed that the industry must father. In the event of destruction of take definite steps to improve contri- property by fire or other means. Eco- bution to GDP and make it more at- nomic independence of the family is Ghana’s insurance industry profitability tractive to new entrants. reduced, if not lost totally. It provides Speaking on the economic impor- wished amount as against deposited tance of insurance in national devel- amount in the bank and contributes to still low, says Commissioner opment, he said it generates financial Internally Generated Revenue (IGR) ESPITE the Ghanaian insur- lenging for the company in terms of resources for investment in bonds, through payment of taxes.” ance industry’s gross pre- its technical results. D mium income’s significant “In the year under review, the pre- growth over the years, profitability mium income made from the com- NAICOM restores Glanvill has not increased commensurately, bined Core Life and Sika Plan busi- Commissioner of the National Insur- nesses, as at the end of the 3rd Quarter Enthoven’s licences ance Commission (NIC), Ms Lydia 2016, was GH¢159,477,002, marginally Lariba, has said. exceeding the premium income tar- HE National Insurance Com- sional Indemnity cost of N750 mil- She made this known at a cocktail get 0.02 per cent. Out of this, Core Life mission (NAICOM) has re- lion and owned by the five South- organised by SIC Life for its staff in contributed 68 per cent while Sika Plan T stored the operational licences western states including Lagos State Accra, Ghana. contributed 32 per cent. Since its intro- of Glanvill Enthoven, a firm of in- (Odua Investment Company Lim- The Commissioner said competi- duction in November 2003, Sika Plan corporated insurance brokers. ited). tion in the industry has intensified with had remained the market leader in its Its Managing Director, Supo “Established in 1957, it has become the entrance of a few companies. product category in the Ghanaian in- Falana in a statement in Lagos an- a leader in the provision of efficient Besides, she said efficiency contin- surance industry and the most patron- nounced the development. and innovative insurance broking ues to be low as most companies are ized within the micro-finance sector. With the retoration of the licences, and related services through a well- very small in size and do not have the “Compared with 2015, 2016 pre- he said the company is authorised to motivated and proactive profes- needed capital and resources for •Lariba mium income grew nominally by operate general insurance, life and sional workforce whilst satisfying growth. 18.57 per cent. New business for core pensions business as well as reinsur- the aspirations of stakeholders. She said: “Even though product in- Life, she said the company appears to life grew by 17.54 per cent from 22,548 ance brokerage services. Falana has 25 years of professional novation and distribution channels be growing from strength to strength to 26,503 in numbers. The total claim He stated that the company is a experience in rated insurance insti- have improved significantly, we are in spite of the challenges she had stated. payout for the same period was member of Nigeria Council of Regis- tutions including Goldlink Insurance still largely unable to reach out to the The company’s expense ratio contin- GH¢107,848,499, representing 67.63 tered Insurance Brokers (NCRIB) and Plc and Law Union & Rock Insurance informal sector. ues to be one of the lowest in the in- per cent of actual premium income. has reputation for professionalism. where he was the Chief Technical “The Commission has taken a num- dustry. The company’s third quarter “Overall management expenses to- He said: “It maintains a Profes- and Business Officer. ber of steps to help the industry over- returns show that profitability has taled GH¢28,929,000.00, resulting in an come the challenges, adding that NIC improved almost 100 per cent over expense ratio of 18.14 per cent. At end had embarked on a vigorous con- 2015, she noted. of third quarter of 2016, the company ‘Trumpcare’ a mystery as insurance sumer education programme to help Also speaking, the Chief Executive has recorded profit-before-tax of EPUBLICANS and Democrats improve insurance penetration.” Officer (CEO), SIC Life, Aaron Anafure GH¢16,475,190 (un-audited accounts),” have honed their warring battle looms Speaking on the performance of SIC said last year was a relatively chal- he added. R Obamacare messages, but Security all link,” said Bay State U.S. there are few clues about what hap- Rep. Richard E. Neal after the meet- FBNInsurance provides N14.5m life cover for reporters pens after the GOP-controlled Con- ing with Obama. “They are all linked gress and President-elect Donald in the public’s mind, and subtracting S part of its Corporate Re- both internal and external, are ma- while ensuring every member is pro- Trump follow through with their or fracturing any part of that guaran- sponsibility and jor drivers of the success of our busi- tected from stated uncertainties in the promise to repeal the law by the end tee changes the whole argument.” Sustainability (CR&S) drive, ness. Providing the journalists with course of their daily tasks. of next month. Republicans counter that Democrats A Democrats, buoyed by a Capitol Hill FBNInsurance Limited has provided a Group Family Shield cover is our With a large retail network of about broke the system with a law that a Group Family Shield cover valued way of showing them how much we 2,000 retail sales agents operating pep talk yesterday from President raised premiums, lowered coverage at N14.5million for insurance jour- value and appreciate what they do. from 28 sales outlets and three branch Obama, made their position clear: If and caused insurers to cut and run – nalists, Managing Director, “This document exemplifies the offices nationwide, FBNInsurance is the repeal sends the health care mar- leaving Americans with higher costs FBNInsurance Limited, Val Ojumah fact that should the unforeseen hap- devoted to exploiting the vast unin- kets into a tailspin and strips millions and fewer options. has said. pen, FBNInsurance would stand by sured public with a view to bringing of coverage, they will label the fiasco “We are talking about people’s He made this known during offi- you. Please consider this as our com- affordable insurance to everyone. “Trumpcare” and hang it around Re- lives. We are talking about families,” cial presentation of the policy cer- mitment to the ideals and values that Last week, FBNInsurance Group publicans’ necks. They also warned said Vice President-elect Mike Pence tificate to the reporters in Lagos. journalists stand for,”he added. consisting of sister insurance com- that the repeal would imperil other after huddling with congressional Ojumah said the reporters are ma- The cover provides support in the panies, FBNInsurance Limited and popular bedrock programs, hurting Republicans. “But we are also talking jor stakeholder to the development case of permanent disability or death. FBN General Insurance Limited the middle class and rural Americans. about a policy that has been a failure of the company and insurance indus- Available to all categories of asso- donated to Down Syndrome Foun- “The president did a great job of virtually since its inception.” try at large. ciation, group or society, the cover dation also as part of its CS&R vi- reminding everybody of how the He said: “For us, our stakeholders, seeks to foster unity within a group sion. ACA, Medicaid, Medicare and Social •Culled from Boston Herald THE NATION MONDAY, JANUARY 9, 2017 23 MONEYLINK Foreign reserves pick up, add $1.1b in December HE foreign exchange re- Stories by Collins Nweze previous month on the basis of the traditional measure: on the basis of “We do not see a floating exchange- serves rose by $1.1 billion in disbursement of $600 million by the balance of payments for the 12 rate regime anytime soon. The CBN TDecember to close the year ment by FBN Capital, titled: ‘An- the African Development Bank months through to end-June as they and monetary policy committee are at $25.8 billion, data from the Cen- other upward movement in re- (AfDB) in the form of budget sup- provided cover for 6.8 months’ not in a rush to make the change, and tral Bank of Nigeria (CBN) has serves’ showed that gross official port. This latest rise and the increase merchandise imports and for 4.9 the political leadership is not shown. reserves picked up by $1.1 billion of $300 million in one day on a months when we add services. convinced of its merits. Offshore The figure for gross reserves in- in December on a 30-day moving moving average basis, constitute a However, the CBN remains cau- portfolio investors and other market cludes the balance in the excess average basis to $25.8 billion. greater challenge beyond the $10/ tious. It has been selling just $1.5 participants will be disappointed. Yet crude account, for which the latest It said the monthly average move- b surge in the oil price since the million per day and looking to meet we cannot identify the large figure in the public domain is $2.7 ment has been an outflow of $270 new OPEC accord,” it said. import demand with its periodic autonomous forex inflows which will billion. million over the past 12 months. It explained that the reserves may forward contracts since the prove the short-term, game- Analysis of the reserves move- “We can explain the increase the appear comfortable according to one devaluation/liberalisation in June. changer,” it said. FirstMobile app increases daily transaction limits for users IRST BANK of Nigeria Lim- ited has announced increased • Transaction hits F transaction limits on its N1.3tr FirstMobile Lifestyle app to a maxi- mum daily limit of N150,000 with- transfer from self-owned accounts out the use of a token. It pegged the to FirstBank accounts and other total daily transaction limit at N1 banks’ accounts; make quick air- million. time purchase for self and others The move, the lender said, would on all mobile networks; bills pay- boost convenience, and enhance ments; cheque services including customers’ digital banking experi- confirm cheque and stop cheque; ence in line with its commitment flight booking; and quick account to offering value-added services services such as account balance that suit lifestyles of its customers. inquiry, statement view and much The lender has launched the more. FirstMobile as part of its drive to In December 2016, FirstMobile leverage evolving technology in recorded a milestone in its user providing cutting-edge banking numbers with the attainment of one services to its customers and the million active users while over N1.3 mobile banking app which is se- trillion transaction volume has been cure and easy to use, allows users consummated using the FirstMobile to carry out banking transactions app since its launch in 2015. on the go from their mobile phones According to the Head, Digital anywhere in the world. The bank- Banking at FirstBank, Mrs. Folasade ing app comes with a user-defined Femi-Lawal, the bank will continue transaction pin which is an extra to leverage evolving technologies security feature and customers can to support consumers’ lifestyle by • From left: Chief Audit Executive, Fidelity Bank Plc, Chinyere Basil-Ezeogu; Special Adviser to Governor of also perform the following actions providing them with a suite of fi- Central Bank of Nigeria (CBN) on Financial Markets, Emmanuel Ukeje; CBN Director of Internal Audit, Vivian on the enhanced app: Change nancial options in a convenient and Agu and Chairman, Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN), Abiodun Aderoju at a Transaction PIN, Reset Transaction highly secure environment. meeting of ACAEBIN in Lagos. PIN, Synchronise token, and FirstBank’s digital innovations were change their log in pin – mPIN. rewarded with awards in 2016 With the integrated lifestyle mo- which include the Asian Banker bile banking app, customers can award for Best Mobile Payments and enjoy real-time mobile banking the Global Finance Digital Bank of DMO to sell N430b bonds in services such as domestic funds Distinction award. HE Debt Management Office ter January 18. (DMO) plans to issue N340 The Federal Government has pro- T billion to N430 billion ($1.12 first quarter posed a 2017 budget deficit of N2.36 Stanbic IBTC PMI report shows billion to $1.41 billion) of local-cur- billion for this year. The government rency bonds during the first quar- billion to N55 billion in bonds ma- hopes to fund it by borrowing private sector output decline ter. turing in 2027 and N100 billion to N1.254 trillion domestically and N130 billion of the 2036 debt. N1.067 trillion abroad. HE health of Nigeria’s pri- Bank, Ayomide Mejabi said: “The rate The debt office said Friday it would auction N110 billion to N140 billion According to the debt issuance cal- But the government has already vate sector continued to de- of contraction in Nigeria’s private endar, the 2027 bond will be a new struggled to fund the 2016 budget teriorate in the final month sector slowed in December as a result worth of bonds maturing in 2021 and T N85 billion to N105 billion in debt issue, in March. The rest will re-open after a planned Eurobond sale and of 2016, albeit at the weakest rate of weaker declines in output and new previously issued debt, starting af- World Bank loan were delayed. since July, the Purchasing Manag- export orders as well as a slower maturing in 2026. It will also sell N45 ers’ Index (PMI) released by Stanbic increase in output prices. The headline IBTC at the weekend showed. PMI rose to its best level in the last The PMI is based on five major five months, perhaps indicating that 12 millionaires emerge in indicators: new orders, inventory underlying macro-economic levels, production, supplier deliv- bottlenecks are being resolved”. eries and the employment environ- He explained that having said that, Sterling Plus cash reward promo ment. most other facets of activity continue TERLING Bank Plc last year raffle draw and winners emerged smartphones pre-loaded with cool The report said firms reported a to deteriorate as new business orders made 12 of its customers mil- from various parts of the country. financial and entertainment applica- slower decline in output and a mar- returned to contraction territory. In S lionaires, in the Sterling Plus Sterling Bank in a statement signed tions among others for individual ginal contraction in new business addition, after recording marginal Cash Reward promo. More winners by its Group Head, Branding and customers. levels. It said businesses continued growth in October, employment also emerged in other categories of Communications, Mr. Henry Bassey, Bassey disclosed that the account to work through their backlogs, extended its recent decline from the promo with a total payout of said the promo was instituted to which can be accessed at any Ster- subsequently lowering headcounts November into December. N80 million.The New Sterling Plus reward customer loyalty and ling Bank branch with a minimum at the sharpest pace in the survey’s He said the price PMI sub-indices is a new proposition for the retail encourage a savings culture among balance of N5,000 is the perfect solu- three-year history. on the other hand show that underly- segment of the market. Nigerians. tion for individuals interested in “The weakening contraction of ing inflationary pressures may be According to the breakdown of the The Sterling Bank spokesman who enjoying the benefits of both current Nigeria’s private sector stemmed subsiding, as while output prices winners in the 2016 edition of the disclosed that the season three of the and savings account offerings, from a slower decline in output, with continue to increase, they are doing promo made available to newsmen promo would commence soon, without the associated cost of run- panel members citing weaker under- so at a slower pace compared to earlier in Lagos at the weekend, 25 explained that all customers with a ning a current account. lying demand. Furthermore, business in the year. In summary, it is perhaps customers went home with N500,000 minimum balance of N5,000 He stated that customers with the activity has decreased in every month still too early to ascertain if a each, 80 won N100,000 each while automatically qualify for the draws New Sterling Plus account will be since February. Latest survey data turnaround in Nigeria’s economic over a thousand won N50,000 each. with 1 ticket while subsequent entitled to a free cheque book, free signaled a return to contraction challenges is imminent as anecdotal The newest millionaires are Ekiwu multiples of N5,000 result in addi- debit card and free transaction alerts territory for new business following evidence still suggests that many of Daniel of Okpara branch, Enugu of tional tickets. (SMS and e-mails) on their a marginal increase in November,” it the productive sectors continue to the Bank and Yaya Saidu Habu of He described the Sterling Plus transactions adding that 20 people said. struggle with foreign exchange Unity Road branch, Kano. They were account as a hybrid offering with the would win N50,000 every week for a It said the headline figure derived needed to boost domestic investment selected during the El-Malud and promise of many goodies and period of one year while 10 people from the survey is the PMI. Readings and consequently, growth.” Christmas draws via an electronic freebies such as free Lenovo would win N100,000 monthly. above 50 signal an improvement in business conditions on the previous month, while readings below 50 show Access Bank CEO predicts NPLs’ rise’ll persist deterioration. CCESS Bank Plc is predict- est bank by assets expects that its NPLs cent by the end of September, above Africa Plc and Guaranty Trust Bank It said that at 48.1 in December, up ing that the level of will climb to “slightly below” three the five per cent threshold set by Plc have NPL ratios ranging from 2.2 from November’s 47.7, the headline A troubled loans in the bank- per cent of total loans by the end of regulators. per cent to 4.1 per cent. figure rose to a five-month high but ing system will continue to rise this year, Wigwe said, compared with Access Bank said it was targeting Capital levels have also decreased. remained below the crucial 50 no- before an economic recovery in the 2.1 per cent for the nine months companies that source their raw The sector’s capital adequacy ratio change mark, signaling a further second half of the year brings re- through September. materials locally for loans to reduce fell to 14.7 per cent in June from 16.1 contraction of Nigeria’s private sector. lief to the lenders. He said the picture is not as rosy for the risk of unpaid debt. First Bank of per cent in December 2015. For big Moreover, the latest figure “Across the entire industry you’ll the rest of the industry as lower crude Nigeria Ltd., the nation’s biggest banks, which the regulator classifies lengthened the current downturn to see an uptick in non-performing loan prices and foreign-currency shortages lender by assets, stands out among as having more than N1 trillion ($3.2 eight successive months. (NPL) ratios,” Chief Executive Officer cause the economy to contract. Loans the largest banks with an NPL ratio billion) of assets, that ratio fell to 15.65 Commenting on December’s survey Herbert Wigwe told Bloomberg. in the sector in danger of not being of 22.8 per cent at the end of Septem- per cent, still above the requirement findings, Economist at Stanbic IBTC Access Bank, Nigeria’s fourth-larg- repaid surged to an average 13.4 per ber. Zenith Bank Plc, United Bank for of 15 per cent. 24 THE NATION MONDAY, JANUARY 9, 2017 EQUITIES Jaiz Bank to list N37b shares on Stock Exchange AIZ Bank Plc, Nigeria's N36.83 billion. Finmal Fi- billion to N25 billion. multiplying the authorised deposits showing strong had obtained a regional oper- first non-interest commer- nance Services Limited and Although the details of the share capital of 15 billion or- growth of 43 per cent and 39 ating license to operate as a Jcial bank, has secured the Kundila Finance Services Lim- listing schedule are still dinary shares of N1 each to 30 per cent to N15.5 billion and non-interest bank from the approval of the council of ited and Inverness Wealth sketchy, Jaiz Bank, which is al- billion ordinary shares of 50 N23.2 billion respectively. CBN on November 11, 2011 the Nigerian Stock Exchange Management Limited, three ready listed on the NASD OTC kobo each. The bank recently obtained and began full operations as (NSE) to list its entire issued investment firms, were said to Plc, may set record as the first Jaiz Bank Plc declared a profit a national operating license the first non-interest bank in share capital on the Exchange. be working with the board of company to migrate from the before tax of N794.2 million from the Central Bank of Ni- Nigeria on January 6, 2012 with A regulatory approval ob- jaiz Bank to facilitate the list- NASD OTC to the NSE The for the year ended December geria (CBN), which will enable three branches located in Fed- tained at the weekend indi- ing. NASD OTC is the over-the- 31, 2015 as against N126.8 mil- it to spread across all the 36 eral Capital Territory, Abuja; cated that the Quotation Com- The listing will be done by counter trading platform for lion in 2014. The bank grew states of the Federation. Kaduna and Kano. mittee, which oversees listing way of introduction, imply- unlisted public limited liabil- its finance income by 47 per Jaiz Bank was created out of The Regional License allows at the Exchange, has approved ing that Jaiz Bank's shares will ity companies. cent to N4 billion as against the former Jaiz International the Bank to operate geographi- application for the listing of be available initially through Shareholders of Jaiz Bank N2.72 billion in previous year. Plc which was set up in 2003- cally in a third of the country. the shares of Jaiz Bank on the the secondary market, though had in October 2016 approved Total Asset stood at N52.6 bil- 2004 as a Special Purpose Ve- Based on recommendations of NSE. the non-interest bank has al- the listing of the bank on the lion by December 2015 com- hicle (SPV) to establish IDB, Jaiz Bank had entered into Jaiz Bank will be listing a to- ready indicated interest in rais- NSE. The shareholders, at an pared with N44.4 billion in Nigeria's first full-fledged a strategic partnership with tal of 29.46 billion ordinary ing funds through initial pub- extraordinary general meet- 2014. Customer deposit base non-interest bank. it is owned Islami Bank Bangladesh (IBBL) shares of 50 kobo each at lic offering (IPO). Jaiz Bank ing, also approved the sub-di- closed 2015 at N38.7 billion, by more than 20,000 share- for the IBBL to provide techni- N1.25, indicating a start-off plans to increase its current vision of the bank's nominal with current account and cus- holders including the Islamic cal management to run the market capitalisation of share capital base from N15 value from N1 to 50 kobo, thus tomers' investment account Development Bank (IDB). It bank. Equities lose N215b in first week NVESTORS in quoted eq- close at N1.17 per share. uities on the Nigerian Total turnover stood at 4.32 I Stock Exchange (NSE) lost billion shares worth N7.386 N215 billion in four-day trad- billion in 9,330 deals, a signifi- ing sessions last week as the cant increase on a total of 405.94 stock market reopened for the million shares valued at N3.72 new business year with a tinge billion traded in 6,363 deals in of bearishness amidst profit- the previous week. Financial taking transactions. services sector dominated the Against the background of a activities chart with a sectoral full-year loss of N604 billion turnover of 4.18 billion shares or -6.17 per cent in 2016, quoted valued at N5.31 billion traded shares started off this year with in 5,047 deals; representing 96.7 unsteady gaits.With 31 per cent and 71.9 per cent of decliners to 18 advancers, the the total equity turnover vol- market traded negative con- ume and value respectively. secutively for three trading ses- The oil and gas sector occupied sions. Benchmark indices at the a distant second with 65.83 Exchange at the weekend indi- million shares worth N594.52 cated a week-on-week average million in 1,385 deals while the decline of 2.32 per cent, equiva- conglomerates sector placed lent to net capital loss of N215 third with a turnover of 26.49 billion. million shares worth N48.16 Aggregate market value of million in 299 deals. all quoted equities declined Turnover was driven largely from the year's opening value by cross deals recorded in of N9.247 trillion to close the Unity Kapital Assurance. Alto- first week at N9.032 trillion. The gether, Unity Kapital Assur- All Share Index (ASI), the main ance Plc, Omoluabi Savings benchmark for the Nigerian and Loans Plc and FCMB stock market, also declined Group Plc accounted for 3.86 from the year's opening index billion shares worth N3.01 bil- of 26,874.62 points to close the lion in 286 deals, representing week at 26,251.39 points. 89.5 per cent and 40.9 per cent All sectoral and group indi- of the total equity turnover ces also closed negative, under- volume and value respec- lining the widespread negative tively. sentiments that dictated trad- Also traded during the week ing during the week. The NSE were a total of 55 units of Ex- Industrial Goods Index re- change Traded Products (ETPs) corded the highest loss of 3.02 valued at about N506 in 11 per cent. The NSE Industrial deals, compared with a total of Goods Index followed with a 9,965 units valued at N56, 446 negative return of 2.28 per cent. traded in 16 deals in the previ- The NSE 30 Index, which tracks ous week. the 30 most capitalised compa- In the debt segment, a total nies on the Exchange, declined of 5,100 units of Federal Gov- by 2.05 per cent. The NSE Oil ernment Bonds valued at and Gas Index dropped by 1.64 N5.12 million were traded this per cent. The NSE Banking In- week in two deals. dex lost 1.57 per cent while the NSE Insurance Index slipped by 0.17 per cent. GTB, Access Bank, Zenith Bank’s directors meet over dividend payment On stock by stock basis, Ni- HE boards of directors rules at the NSE which took as expectant investors sought ter rose by 59.6 per cent from continued growth in the gerian Aviation Handling of Guaranty Trust Bank off on January 1, 2017, quoted to take positions ahead of the N75.16 billion in September Bank's core business. Operat- Company (Nahco) recorded T(GTB) Plc, Access Bank companies are expected to meetings and announcement 2015 to N119.93 billion in Sep- ing income rose to N199.3 bil- the highest loss, in percentage Plc and Zenith Bank Plc have submit their annual audited of the final dividends by the tember 2016. Earnings per lion in third quarter 2016 as terms, of 13.9 per cent to close account to the Exchange not banks. GTB's share price rose share closed September 2016 against N178.1 billion in cor- at N2.72. Cement Company of scheduled meetings later this month to approve the audited later than 90 calendar days af- by 7.0 kobo to close weekend at N4.24 as against N2.65 in responding period of 2015. Northern Nigeria followed ter the relevant year end, and at N23.54. Access Bank added September 2015. Access Bank also improved with a drop of 13.4 per cent to financial statement and ac- counts of the banks for the published same in at least two 14 kobo to close at N6.28 per Also, key extracts of the on the supporting balance sheet close at N4.33. NEM Insurance national daily newspapers not share while Zenith Bank's nine-month report of Access for its business. Customer de- lost 9.5 per cent to close at 95 year ended December 31, 2016. The meetings will among oth- later than 21 calendar days share price rose by 27 kobo to Bank for the period ended Sep- posits also grew by 25 per cent kobo. Sterling Bank dropped before the date of the annual N14.77 per share. tember 30, 2016 released at the to N2.1 trillion by September by 7.9 per cent to close at 70 ers consider final dividend recommendation to be made general meeting. They are Key extracts of the interim weekend showed that profit 2016 as against N1.68 trillion kobo while Cadbury Nigeria also required to post same on report and accounts of GTB for before tax rose by 19 per cent recorded at the beginning of slipped by 7.7 per cent to close to shareholders. In separate regulatory filing, their websites with the web the nine-month period ended to N72 billion in third quarter the year. The capital adequacy at N9.50 per share. address disclosed in the news- September 30, 2016 had shown 2016 as against N60.4 billion ratio (CAR) of the bank stood On the other hand, UACN the three banks indicated that their directors would be meet- paper publications. Also, an that gross earnings rose by 43.6 in comparable period of 2015. at 19 per cent as at September Property Development Com- electronic copy of the publi- per cent to N329.28 billion by Also, net profit after tax rose 2016, well above the regulatory pany recorded the highest gain ing to review and approve the earnings report and accounts cation shall be filed with the September 2016 as against by the same margin from minimum. The bank's asset of 14.5 per cent to close at N3. Exchange on the same day as N229.37 billion in comparable N48.1 billion in third quarter quality ratios remained well United Capital followed with for the 2016 business year, preparatory to sending the ac- the publication. period of 2015. Operating in- 2015 to N57.1 billion in third above the regulatory bench- a gain of 10.6 per cent to close The three leading banks had come rose by 59.3 per cent quarter 2016. Gross earnings mark of 5.0 per cent as the per- at N3.02. Access Bank rose by counts for the clearance of the • Central Bank of Nigeria paid interim dividend of 25 from N174.42 billion to had risen from N257.6 billion centage of Non-Performing 7.0 per cent to close at N6.28. kobo to shareholders based on N277.85 billion. Profit before to N274.5 billion. The growth Loans (NPL) to total gross Eterna added 6.5 per cent to (CBN) before release to the investing public at the Nige- their half-year results. The tax grew by 53 per cent to in gross earnings was driven loans stood at 2.1 per cent. The close at N3.30 while FCMB share prices of the three banks N140.84 billion as against by 17 per cent increase in in- NPL coverage ratio also re- Group rose by 6.4 per cent to rian Stock Exchange (NSE). Under the enhanced listing rose at the weekend at the NSE N92.06 billion while profit af- terest income on the back of mained strong at 209.5 per cent. THE NATION MONDAY, JANUARY 9, 2017 25 EQUITIES

NIGERIAN STOCK EXCHANGE DAILY SUMMARY AS AT 06-01-17 DAILY SUMMARY AS AT 06-01-17 THE NATION MONDAY, JANUARY 9, 2017 26 ISSUES

The Central Bank of Nigeria’s (CBN's) foreign exchange (forex) policy is hitting hard on operators and consumers in the food indus- try. The restriction has forced many operators to either shut down or operate below capacity, leading to job losses. And with demand for major food items outstripping supply, consumers are agonising over the astronomical rise in prices. TEMITAYO AYETOTO writes that the situation, which worsened during the last festive season, may persist if the policy is not reviewed. How forex policy is hurting food industry ALPABLE fear has gripped operators and stakeholders in the food indus- Ptry. This was sequel to a warning by operators under the auspices of Union of Tomato Paste Manufacturers in Nigeria that the once vibrant tomato paste manu- facturing industry estimated at N19 billion would fizzle out in the year, throwing thousands of Nigerians out of their jobs. The operators emphasised that unless the Central Bank of Nigeria (CBN) adjusts its foreign exchange (forex) policy, which included Tomato Paste Triple Concentrate (TPTC) in its controversial 41 item forex restriction basket, extinction was inevita- ble. The operators, most of who are jittery over the impending loss of their huge in- vestments, had, towards the end of last year, argued that the Federal Government's reluctance, through the CBN, to shift ground on its obnoxious forex policy opened the floodgate for tomato paste importation to the detriment local manu- facturers. • CBN Governor, Godwin Emefiele • Ali • Oshinowo The union's spokesman Mr. Nnamdi Nnodebe, who articulated the collective brands sold in various markets across the coun- quantity to process fresh tomatoes to triple troller-General, Mr. Umar Ilya, organised fears of investors in the tomato paste val- try, mostly imported from China, were sub- concentrate. a joint briefing in Abuja with the acting ue-chain, lamented that the ban on triple standard and unfit for consumption. These Experts also say it is virtually impossible to NAFDAC DG, Mrs. Yetunde Oni, on the concentrate tomato paste used as raw ma- products still find their way into the local mar- feed the local demand for Triple Concentrate outcome of laboratory tests conducted on terial by local manufacturers was hurting kets through the borders. till the local processing industry evolves over the alleged "plastic rice." manufacturers. An internal memo from the Food Safety and time to acquire and execute the required back- Oni clarified that no plastic rice was im- Nnodebe, who is also the Managing Di- Applied Nutrition (FSAN) Directorate of NAF- ward integration to make this possible. The ported into the country. She, however, said rector of Sonia Foods Industries Limited, DAC addressed to the ex-Director General, ti- United States (U.S.), Europe and Chinese to- the impounded rice was "contaminated one of the stakeholders in the production tled: Update on Pilot Study/Survey of Toma- mato paste industries are examples, which took with micro-organisms above permissible of tomato paste variants, pointed out that to Paste in Retail Packs (tins and sachets) Im- many years to evolve and standardise. limits". Minister of Health, Prof Isaac Ade- with total investment in the packing man- ported from China, Distributed and Sold in The decision to include TPTC among the 41 wole, urged Nigerians to calm down, say- ufacturing sector of tomato paste put at N19 Lagos, read: "After a laboratory analysis of 330 prohibited import goods is still raising dust ing: "There is no way that could be possi- billion, Nigeria can ill-afford to allow the samples of imported tomato paste in the mar- among consumers, labour and manufacturers ble. He said tests conducted by NAFDAC sector go down. ket, a total number of 286 were found unsatis- alike and many have been expressing frustra- found no evidence of plastic material in the "The economy cannot afford to lose such factory while only 28 were satisfactory and the tions over the forex policy. rice. a huge industry that provides millions of result of 16 samples still awaiting release." Nigeria Employers Consultative Association Nigerians love rice so much. The grain is direct and indirect jobs for Nigerians," The memo was raised sometime in Febru- (NECA) Director-General, Mr. Olusegun Oshi- a must-have on the menu tables of most Nnodebe said, warning: "The industry ary 2015 and endorsed by the former FSAN nowo, asked: "What is it that has made the CBN Nigerians. The nation is said to rank world's might die before the second quarter of 2017 Director, Mrs. O. N. Mainasara. It noted that to prohibit tomato paste manufacturers from second largest importer of rice behind Chi- if the forex ban was not lifted." the agency’s officials visited 27 markets and the foreign exchange that should not be ex- na, consuming between 5.5 million metric Although the warning, expectedly, jolt- four major supermarkets in the three senatori- tended to numerous products including petro- tonnes and six million metric tonnes of rice ed not a few operators and stakeholders, al zones in Lagos and purchased samples for leum?" yearly at an estimated value of N360 bil- the thinking in the industry is that it came laboratory analysis. He said NECA was trying to determine how lion. rather too late, as developments preced- Lagos was chosen because of its position as many companies were set for redundancy, add- While 1.8 million metric tonnes of the ing the warning indicated that the indus- the commercial centre of Nigeria with two ing that the development cut across all sectors product are produced locally, Nigeria im- try appears irretrievably headed for col- major seaports in Apapa, Tin Can Island, land of the economy. "There are companies think- ports 3.7 million metric tonnes yearly. More lapse. borders, air cargo terminals and major mar- ing of 50 per cent slash on their staff strength as than 50 per cent of this 3.7 million metric Those who canvassed this position not- kets serving not only Nigeria but the West and a first exercise. It is that bad. WAMCO sacked tonnes that find their way into the country ed, for instance, that before the union start- Central Africa sub-region. 40 staff, Flour Mill sacked 800 workers, Seven- are said to be smuggled in through the land ed screaming blue murder, Erisco Foods The focus of the study and laboratory analy- Up Bottling Company laid off 150 workers," borders and other unapproved routes. Limited, one of the key players in the in- sis was the tomato content, the codex standards Oshinowo said. At present, local rice production accounts dustry, had packed up and relocated to Chi- and the Nigerian Industrial Standards (NIS) Manufacturers Association of Nigeria (MAN) for less than 50 per cent of the country's na. That move alone forced about 1,500 which specified that tomato content be 28 per President, Frank Jacob lamented that several total consumption, leaving a huge demand workers, mostly Nigerians, into the satu- cent minimum. of its member-companies are presently oper- gap for polished/milled rice imported rated labour market, leaving a paltry 40 Unfortunately, after the analysis, 91 per cent ating below capacity and only few may be able mostly from India, Thailand, and Brazil. others to run the Nigerian firm. were found to be unsatisfactory and below both to survive. Specifically, local production capacity is put Its President/CEO, Chief Eric Umeofia international and Nigerian standards. Only 8.9 CBN's harsh forex policy and the authori- at 30 per cent, which means that local pro- said: "It's unfortunate that out of a work- per cent was satisfactory. ties' alleged failure to halt smuggling and duction cannot match demand. force of about 2,000 Nigerians, we will be According to Orhii, the tomato paste were dumping of imported food items into the coun- With demand for the product outstrip- disengaging about 1,500 as we need just filled with bulky agents such as starch and try are also taking a huge toll on investors in ping supply, consumers content with mas- about 40 staff to keep the Nigerian compa- banned colouring to make it look red which the rice value chain. At the last count, Nigeria sive mark-up of price by importers, smug- ny running since what we will be doing is could cause cancer, organ failure, kidney and spends a whopping N360 billion yearly on rice glers and sellers, all seeking to profit from just restricted to marketing and sales of liver-related ailments among young and mid- import. the growing demand. A bag of rice sold as imported products from our China plant. dle-aged Nigerians. Unfortunately, Federal Government's efforts much as between N19, 000 and N19, 500, for "My business has been deliberately frus- The obvious solution to this menace is to at cutting down on the huge import bill through instance. Many families that could not af- trated by the way the CBN has managed encourage local production of TPTC rather the implementation of backward policy on rice ford the high cost of rice were forced to forex bidding and allocation. They won't than importing finished tomato paste brands have continued to be frustrated by the activi- make do with alternatives, which prices give us forex to import machinery, machine that NAFDAC has declared unfit for human ties of smugglers. were equally not cheap. spare parts and raw materials for process- consumption. The government would be do- Perhaps, the highpoint of the unbridled The consensus is that the forex policy is ing Nigerian fresh tomatoes into paste in ing this if it revised the ban on 41 items from smuggling of rice, a staple food item, into the not just killing the food industry, but is also our Lagos factory and they won't give us forex interbank activities, especially for an item country was the recent seizure of expired bags hitting hard on consumers whose purchas- approval to use our own money generated such as TPTC. of rice initially thought to be plastic rice by the ing power has seriously diminished. Many from our foreign operations to import our While there have been attempts at local pro- Nigeria Customs Service (NCS). It was an em- consumers can no longer afford to buy most raw materials." duction of TPTC by some companies, includ- barrassment for the country, which is seeking food items because of inflation and loss of For the Erisco chief, relocation of the ing Erisco and Dangote, since 2012, there is to encourage local production of staple foods, jobs. The policy also eliminates the possi- manufacturing aspect of the business to still a lot to be done to organise the industry in including rice. bility of increase in sales as the few people China from where finished products would terms of suitable seed varieties, farming tech- The NCS Comptroller-General, Col Hameed with jobs have to cater for those who just be imported and sold to consumers in the nology and input, to get the right quality and Ali (rtd), represented by the Deputy Comp- lost theirs. country and other parts of the world, was National Union of Food, Beverages and not a spur-of-the-moment decision. Tobacco Employees President, Lateef Oyele- According to him, the decision was taken The obvious solution to this menace is to encourage kan, said the best approach to resolve the after the expiration of a 30-day ultimatum local production of TPTC rather than importing forex quagmire would be a phased imple- handed by the management of the compa- " mentation, which will facilitate local back- ny to the Federal Government to compel ‘finished tomato paste brands that NAFDAC has ward integration of key players through the CBN to make available enough forex to sound and stable policies and support mea- assist in the import of raw materials as well declared unfit for human consumption. The sures. as the requisite equipment needed to keep This, he reasoned, would also retain and the plants running profitable. government would be doing this if it revised the build the local processing capabilities of the Former Director-General, National Agen- downstream re-processing industry, so that cy for Foods and Drugs Administration and ban on 41 items from forex interbank activities in the long run, not just Nigeria but the Control (NAFDAC), Dr. Paul Orhii admit- especially for an item such as TPTC. entire sub-region can be serviced using lo- ted that about 90 per cent of tomato paste ’ cal capabilities. THE NATION MONDAY, JANUARY 9, 2017 27 THE CEO To turn agriculture into the country’s economic mainstay, farmers must be granted access to land and input, Acting Executive Director, Agricultural and Rural Management Training Institute (ARMTI), Mr Olufemi Oladunmi, has said. In this interview with DANIEL ESSIET, he says the Federal Government must ease access to land and inputs. He says the government must remain focus on diversification to get the economy out of recession. Fed Govt must ease access to agric input OW easy is it feeding the ever-grow- Moreover, between 2013 and 2014, ARMTI ing population of this country, es- criss-crossed all the geo-political zones of Hpecially now that recession is here? the nation, sensitising all the key Feeding our growing population in a time stakeholders in the agricultural sector on such as this can truly be challenging. How- agricultural commodity value chain devel- ever, it is unfortunate that we have found opment. The Institute has also just finished a ourselves in this situation. We are in this one-month Youth Empowerment Scheme current economic situation because we did for Agricultural Graduates, where it trained not do the right things in the ‘years of 42 young and vibrant agripreneurs and plenty’. Nigeria is blessed by God with al- would-be agri-preneurs in several aspects most all the natural endowments you can of agribusiness development. Participants in find on earth. We should neither be over- this scheme, upon successful completion of dependent on one resource nor be an im- the programme were linked to the Bank of port dependent economy. That is where we Agriculture (BoA) for loan that will help got it all wrong. With about 34 million hec- them start-up or expand their agribusiness. tares of arable land; 214 billion cubic meters This is also an annual programme in of surface water; and agriculture friendly cli- ARMTI. mate in almost all the nooks and crannies of All these, ARMTI has been doing and will Nigeria, we should be one of the major food continue to do in addition to its regular train- exporting countries of the world. However, ing programmes, which cut across all the we chose to thread the ‘easy’, but ‘bleak fu- dimensions of agricultural development; as ture’ pathway of cheaply exporting well as its seminars and workshops (local unrefined oil and importing almost every and national) where stakeholders have the other thing, including refined oil. For me, privilege to brainstorm about issues that this economic recession is a self-inflicted in- affect agriculture in Nigeria and proffer jury; and I see it as a wake-up call to do the sound solutions to them. right things that will assure our future as a How important is IT to the development community of people. of the sector? Do you think the government is on the The importance of IT cannot be over right path in terms of policy interventions emphasised in the bid to develop the na- in the agric sector? tion’s agricultural sector. Through IT, we can I think the government is on the right path facilitate and monitor the distribution of in- in the area of policy interventions in the puts, like we saw it used under the GES plat- agriculture sector. The commodity value form. IT is also very useful in marketing of chain development approach that began in agricultural produce; linking the sellers and the previous administration and was sus- buyers together; and getting updates on tained by the administration, has given suf- prices of agricultural produce. IT has also ficient evidence that it is the right way to proven to be extremely useful in agricul- go. The emphases are now on improving tural extension. That is why ARMTI contin- productivity at the production level; enhanc- ues to offer IT trainings to fast-track the de- ing processing capacities; ensuring produc- velopment of the sector. tion of quality products; improving linkages What measures would you recommend to and relationships, among actors along com- government to help the economy grow? modity value chains; providing quality sup- I recommend that the government remains port services as well as ensuring enabling focused and committed to its plan of diver- environment and enforcing regulatory sifying the economy. True national frameworks. prosperity is achievable when all the sec- The government is doing a lot. However, tors of the economy are viable and grow- there will always be room for improvement. ing. The agriculture sector, particularly has For instance, extension service, financial a huge potential to grow the nation’s service, quality inputs should be made more economy; providing millions of job oppor- readily available and affordable for farm- tunities at every functional unit of each com- ers/producers. Economic policies should be modity value chain for which the country put in place to protect processors of agricul- has high comparative advantage. tural commodities. Moreover, infrastruc- Over-dependence on oil and import ture, especially electricity, should be plunged the economy into this present crisis. quickly put in place and maintained; etc. The way out, therefore, is simple; we There was bird flu, which called for the diversify our economy and consume what cleaning of the food safety system. How do we produce. your react to this? Why is ARMTI involved in so many work- Safety is an extremely important aspect of • Oladunni shops and public dialogue? the food system. We need food to stay alive ARMTI is doing all that to contribute its and grow properly. The same food should, On the part of the industry, productivity is ARMTI will be correctly categorised as a quota to the development of the nation’s ag- therefore, not be turned into a ‘weapon of very germane to the growth of the agricul- support service provider in agricultural com- ricultural sector. Through such seminars, mass destruction’. Our food safety system ture sector in Nigeria. In almost all the agri- modity value chain development in Nigeria. workshops, public lectures, etc., ARMTI has needs to be enhanced to protect the consum- cultural commodities cultivated in Nigeria, In 2012, the Institute conducted a nation- successfully, sensitised stakeholders about ers. The maximum acceptable levels of inor- the country’s average productivity is by far wide baseline study of the agricultural com- modern development approaches in agricul- ganic/chemical substances in foods should less than the global average. Low produc- modity value chains in Nigeria and the re- ture; and brought stakeholders together to be determined by the relevant regulatory tivity at the production stage makes collabo- port of that survey was presented in a na- deliberate on challenging issues in the na- agencies of government. These acceptable ration with processors very difficult. Link- tional seminar organised by the Institute in tion’s agricultural sector and proffer solu- levels should be made known to all the ac- ages and sustainable relationships have to Abuja in November 2012. tions to them. tors along each commodity value chain; and be developed among actors along each agri- From 2013 till date, ARMTI has been What is your assessment of the budgetary thereafter, enforced. cultural commodity value chain. organising what it calls a ‘National Train- provisions for the agric sector? What are the challenges that could impact How can ARMTI help to address those ing of Trainers Workshop for Facilitators of I will say there is room for improvement. the growth of the sector? challenges? Value Chain Development’. Participants at The future of Nigeria lies in agriculture; we Access to land, in some areas of the coun- Being the only Management Development last year’s edition (2016) of the yearly pro- should devote more resources to grow the try is still challenging, especially for Institute (MDI) in sub-Saharan Africa and the gramme are the fourth in the series. The In- sector. women. Adulterated input, such as seeds, fer- training arm of the Federal Ministry of Ag- stitute is now set to inaugurate a National Do you think the corporate sector is doing tiliser, agrochemicals etc., still flood our riculture and Rural Development (FMARD), Association of Value Chain Development enough to engage the farmers? markets. We also have a situation where our ARMTI has been working assiduously on the Facilitators as a professional body with all The collaboration between the corporate cowpea is banned from the international development of virile agricultural commod- alumni of the ToT course for Facilitators of sector and farmers is not what we envisioned market because of high level of toxicity/ ity value chains in Nigeria since 2012. Value Chain Development as members. yet. We, however, do not just blame it on chemical substance. Necessary infrastructure the corporate sector alone as farmers need such as roads, electricity, dams, and others to be well organised; and record a very good are grossly inadequate and are greatly im- level of productivity to be able to play along pacting the growth of the sector negatively. ‘In almost all the agricultural commodities culti- with the corporate sector. This is why ARMTI Therefore, the government will do well to is taking the message of agriculture com- address these challenges and others. The vated in Nigeria, the country’s average productiv- modity value chain development to every government in collaboration with the pri- Nigerian farmer. vate sector should also think about the need ity is by far less than the global average. Low pro- How do you see the agric sector evolving to engage the services of value chain devel- in recent times? opment facilitators to smoothen interactions ductivity at the production stage makes collabo- Yes, I do. With focus and commitment, the among actors and enhance the strength of agricultural sector will be the envy of other the linkages among actors along the com- ration with processors very difficult’ sectors very soon. It once was and will be modity value chains. again. 28 THE NATION MONDAY, JANUARY 9, 2017 BUSINESS INTERNATIONAL Iran capitalises Samsung’s profit jumps 50% despite Note 7 fiasco on OPEC cut to AMSUNG Electronics tributing to more than half of For the full year, the South vestigation linking it to an in- ership succession. sell millions of Co. said at the weekend its quarterly earnings. Korean tech giant saw a 10 fluence-peddling scandal that It is still unclear why the barrels Sthat its profits in the last In its earnings preview, percent gain in its annual in- led to the impeachment of Galaxy Note 7 smartphones quarter of last year surged 50 Samsung said it posted 9.2 come, its best result in three President Park Geun-hye. were prone to overheating RAN has sold more than percent to the highest level trillion won ($7.8 billion) in years. Samsung already has post- and catching fire. That 13 million barrels of oil in more than three years, de- operating profit, up from 6.1 “It’s thanks to the improve- poned its annual personnel re- prompted two recalls and that it had long held on spite the Galaxy Note 7 fi- trillion won a year earlier. It ment in semiconductors and shuffle, usually announced in eventual discontinuation of I tankers at sea, capitalising on asco. was the biggest quarterly in- displays on top of favourable December, due to the scandal. the flagship product. an Organisation of Petroleum Analysts had expected come since the third quarter foreign exchange rates,’’ said Samsung Group faces allega- Tim Baxter, chief operating Exporting Countries (OPEC) Samsung’s profits to surge of 2013. Kim Young Woo, an analyst tions that Samsung Electron- officer at Samsung’s U.S. busi- output cut deal from which it thanks to its mainstay semi- Analysts polled by FactSet at SK Securities. ics and its affiliated companies ness, told reporters at the is exempted to regain market conductor business, but the expected a figure of 8 trillion The result is a bright spot for paid money to foundations and Consumer Electronics Show share and court new buyers, result surpassed even the won. the tech giant that was obliged a company controlled by a in Las Vegas on Wednesday according to industry sources most optimistic forecasts. The Sales fell one percent to 53 to do multiple recalls last year long-time friend of Park’s, that Samsung will share the and data. semiconductor division trillion won ($44.9 billion). of products that included a Choi Soon-sil, in order to get root cause of the Galaxy Note In the past three months, cashed in on strong demand The company did not give net popular smartphone and a the government’s backing in a 7 fires “very soon.’’ Samsung Tehran has sold almost half the and a tight supply for micro- profit or breakdown figures washing machine. controversial merger of two has been investigating the is- oil it had held in floating stor- chips during the September- for its businesses, which are The stellar financial results Samsung affiliates related to sue for more than four age, which had tied up many December period, likely con- due later this month. come as Samsung faces an in- Samsung’s father-to-son lead- months. of its tankers as it struggled to offload stocks in an oversup- China’s ZTE to plied global market. The amount of Iranian oil axe 3,000 jobs held at sea has dropped to 16.4 HINESE telecom million barrels, from 29.6 mil- equipment maker lion barrels at the beginning ZTE (000063.SZ), of October, according to C Thomson Reuters Oil Flows which is facing United States (US) trade sanctions that data. Before that sharp drop, could severely disrupt its the level had barely changed supply chain, is slashing in 2016; it was 29.7 million bar- about 3,000 jobs, including a rels at the start of last year, the fifth of positions in its strug- data showed. gling handset business in Unsold oil is now tying up China, company sources about 12 to 14 Iranian tankers, said. out of its fleet of about 60 ves- The sources said the sels, compared with around 30 Shenzhen-based company, one in the summer, according to of the world’s biggest telecoms two tanker-tracking sources. gear makers, is axing about five The oil sold in recent months per cent of its 60,000 global has gone to buyers in Asia in- workforce. cluding China, India and South Its global handset operations Korea and to European coun- will shed 600 jobs, or 10 per tries including Italy and cent of the total, with the cuts France, according to the sources concentrated in China, where and data. It was unclear which it has been losing market share. companies bought the oil. “Cuts in the handset business Iran is also looking to use in China will be beyond 20 per the opportunity to push into cent,” said a senior executive, new markets in Europe, in- who has been briefed on the cluding Baltic and other cen- lay-offs, which are scheduled • From left: Public Relations Manager, Power Oil, Omotayo Azeez; a shopper at City Mall, Kingsley Onyeochara and Area tral and eastern European to be completed within the first Marketing Manager, Power Oil, Lagos, Oyeyemi Fagbemi, during the Power Oil Free Yuletide gift-wrapping exercise at the Mall countries, said separate oil quarter. in Ikeja, Lagos. industry sources, though it A local manager in one of the was not clear if any oil had company’s overseas branches been sold there. said a 10 per cent quota was U.S. jobs growth slows to 156,000 during Dec. The state-run National Ira- given to shed staff in his depart- nian Oil Company (NIOC) ment by the end of January. NITED States (US) The bureau revised up the eight year period look pretty ing for work and are not could not be reached for “I was also given names that businesses added number of new jobs created good. Eleven million more counted as unemployed) are comment. Tanker group must go because they had tried U 156,000 jobs in De- in November from an initial people with jobs, and the un- still somewhat on the high NITC, which operates most to apply for jobs at (rival) cember in the last release of 178,000 to 204,000. employment rate down from side. of the country’s fleet, could Huawei (HWT.UL) and are key economic data before Over the last year of Barack 7.8 per cent to 4.7 per cent. But Mr Trump has promised to also not be reached. therefore, branded as ‘unstable Donald Trump is sworn in as Obama’s presidency, job then in some respects Mr cut tax both for individuals Tehran scored a victory factors’,” said the manager, who President. growth reached 2.2 million, Obama did have quite a tail and for businesses, as well as when it was exempted from the is not in the handset unit and The amount of jobs created down from 2.7 million in wind to help him. invest in national infrastruc- OPEC deal agreed in Novem- asked not to be identified. fell from an upwardly re- 2015. First of all, he came to ture. ber to reduce production by 1.2 ZTE is the only Chinese vised 204,000 in November Luke Bartholomew, invest- power as the great recession The US Federal Reserve in- million barrels per day for six smartphone vendor with a and came in below market ment manager at Aberdeen was really beginning to bite. dicated in the minutes from months, an accord aimed at ad- meaningful presence in the expectations of 175,000 new Asset Management, said: “Job He had the benefit of the sub- its last rate-setting meeting dressing the global oversupply United States, where its 10 per- roles. growth was decent and wage sequent cyclical recovery you in December that it may have and bolstering low oil prices. cent market share makes it the The jobless rate edged up growth is picking up nicely. would expect anyway. The to raise interest rates at a The country successfully ar- fourth-largest vendor. last month to 4.7 per cent from But the only real show in working age population has quicker pace if Congress gued it should not limit its pro- The US Commerce Depart- 4.6 per cent. town is Donald Trump’s in- grown, which means in- passes Mr Trump’s tax cuts. duction which was slowly start- ment first announced in March Mr Trump, who will as- auguration. creased numbers with jobs The US Fed has lifted inter- ing to recover after the lifting that it would impose a ban on sume office on January 20, has “The economy is doing well are to be expected. The per- est rates just twice in the past of international sanctions in exports by US companies to ZTE pledged to create 25 million and doesn’t obviously need centage of people (aged 16 or decade, with the most recent January last year. for allegedly breaking Wash- jobs over 10 years. the shot in the arm that over) with jobs has actually increase to 0.5 per cent-0.75 While the deal did not ington’s sanctions on sales to The US Bureau of Labour Trump is planning on provid- come down a little although per cent last month. come into effect until the be- Iran. Statistics said the annual rate ing. that has a lot to do with an Kully Samra, United King- ginning of 2017, industry The ban has not yet come into of wage growth accelerated “The interaction between ageing population. dom (UK) Managing Director sources said Tehran had al- effect following a series of re- in December to 2.7 per cent. the Fed and Trump, and the And there’s a case for say- at Charles Schwab, said: “De- ready been offering aggres- prieves, the last of which expires This compares to a 2.5per cent resulting policy mix, is likely ing that wider measures of spite December’s non-farm sive discounts, aiming to on Feb. 27, but if it does go increase in annual average to be the defining theme for labour market problems (peo- payroll numbers missing coax buyers globally into ahead, the company’s supply hourly earnings recorded in investors this year.” ple who want to work longer forecasts, the US economy still stocking up for winter in an- chain could be severely handi- November. Some of the figures for that hours or have given up look- has a robust labour market. ticipation of the OPEC cut. capped. It relies on US compa- nies including Qualcomm (QCOM.O), Microsoft Toyota faces threat over Mexican-built cars (MSFT.O) and Intel (INTC.O) for NITED States (US) Presi der tax” if it exported plants. Mexico is dwarfed by the per cent would hit Nissan’s about a third of its components. dent-elect Donald Mexico-built cars to the US Vehicles made in Mexico number of cars they produce consolidated operating earn- The uncertainty hanging UTrump has threatened market. comprise roughly one-quar- in the U S, their single larg- ings by 10.3 per cent, more over the company weighed Toyota Motor Corp over its But it is Nissan, Japan’s sec- ter of Nissan’s total US vehi- est market, where Japan’s top than 5.5 per cent at Mazda. heavily on its business last year, Mexican-built cars, but the big- ond-largest automaker, cle sales, industry experts say, three automakers alone pro- Toyota would see a hit of 0.7 with its worldwide smartphone gest risk from a punitive tariff which would be the bigger compared with around 30 duced around 4 million ve- per cent, while Honda 2.2 shipments tumbling 36.5 per would be for its compatriot victim of any tax punishment. percent for smaller rival hicles in 2015. percent. cent compared with 2015, ac- Nissan Motor Co, the largest Nissan built its first overseas Mazda, but less than 10 per Trump has said he plans to All four Japanese cording to industry database automaker operating in the plant in Mexico 50 years ago cent for Toyota and Honda. renegotiate the North automakers building cars in IDC. country. and now produces more than Japanese automakers to- American Free Trade Agree- Mexico said they have no im- ZTE chairman Zhao Trump has criticized U.S. 800,000 cars there, mainly its gether produced around 1.4 ment between the US, mediate plans to change op- Xianming said in his New Year companies like General Mo- entry-level Versa and Sentra million vehicles in Mexico in Canada and Mexico, and has erations, and one Asian auto speech to staff that the company, tors and Ford Motor Co sedans. the year ended March, nearly vowed to impose a 35 per executive told Reuters his which has annual sales of more which manufacture abroad, Nissan’s production dwarfs 40 percent of the country’s to- cent tariff on cars exported company long ago made a than $15 billion, had “encoun- accusing them of costing US that of Toyota, Honda Motor tal output. According to the Ja- to the US from Mexico. strategic decision to make tered its biggest crisis in its 31 jobs. Last Thursday he took Co and Mazda Motor Corp in pan External Trade Organisa- According to JP Morgan es- Mexico a production hub in year history”, according to a on Toyota, warning the Mexico. It exports roughly tion, they plan to ramp up pro- timates, an increase in tariffs North America, and that it is transcript on the company’s of- world’s largest automaker half of its output to the US, duction to 1.9 million by 2019. on cars exported from tough to alter its strategy ficial WeChat account. that it would face a “big bor- where it also has production Current production in Mexico to the US to even 10 overnight. THE NATION MONDAY, JANUARY 9, 2017 29 BUSINESS A FRICA Oil trader sues Cerberus over failed Chevron bid IL trader Gunvor der a September written Group is suing agreement to pay for half of O Cerberus Capital the due-diligence costs, Management, alleging that Gunvor said in the claim, the private-equity firm is re- which alleges breach of con- fusing to pay its share of costs tract and is seeking $829,020. incurred when the two com- “The lawsuit is without panies made a failed $650 merit and we intend to defend million bid for Chevron Cor- it vigorously,” Winnie Lerner, poration assets in South Af- a spokeswoman for Cerberus rica. in New York, said by phone. While a relatively small The claim confirmed that amount of money is at stake, Gunvor, one of the world’s the suit sheds light on the ac- largest independent oil trad- quisition campaign now un- ers, is looking to partner out- der way after Gunvor sold side investors such as private the bulk of its Russian assets equity to fund deals in much following the 2014 United the same way that larger ri- States (US) sanctioning of its vals Vitol Group and co-founder, billionaire Trafigura Group have struc- Gennady Timchenko. tured transactions in the Mid- Gunvor claimed it entered dle East, Africa and Brazil. into an agreement with After initially claiming that Cerberus in September to the cost-sharing provisions prepare a joint bid for the were not binding, Cerberus Chevron assets and that has now taken the position Cerberus agreed to pay half that the parties did not sub- of the cost of evaluating an mit a joint bid as defined by •The Alawe of Ilawe, Oba Ajibade Alabi, Afuntade 1 (middle) cutting the tape to declare Lake View Resort, open. With him are offer, according to the docu- their agreement, Gunvor said Prof Shola Olasumbo Odeyemi (left) and her husband, Prof Idowu Odeyemi, at Ilawe Ekiti, Ekiti State. ments filed in New York Su- in the claim. preme Court. No statement of defense has Gunvor said it spent about been filed and none of the al- $1.6 million hiring advisers legations has been proved in and consultants to help it per- court. RBZ pays U.S.$72,9m in incentives form due diligence on the as- Seth Pietras, a spokesman HE Reserve Bank of “This is in line with the and a strong US dollar, had geted, after deliveries were sets, which include a refinery for Gunvor in Geneva, de- Zimbabwe said it has bank’s projection of bond resumed exports. temporarily affected by cash in Cape Town, a lubricants clined to comment on the paid $72,9 million as in- notes that should have been Production, which the cen- shortages, which has been re- plant in Durban and about 800 matter. T service stations. Gunvor pro- Vitol Group and China Pe- centives to exporters, the bulk issued during this period un- tral bank contends is the pana- solved. of which went to gold produc- der the export incentive cea to economic challenges Last year, the country pro- vided all of its due-diligence troleum & Chemical Corp. are ers, tobacco farmers and scheme,” he said. bedeviling the economy, was duced a total of 18t of bullion. materials to Cerberus and the the two final bidders compet- Diaspora remittances. Dr Mangudya said the in- gradually increasing. The bank said it was two companies teamed to ing to buy Chevron’s South The bank also said use of centive came at the right time “This includes the expan- pleased with the widespread make a bid “approaching $650 African assets, people famil- plastic money now accounted given challenges in 2016 for sion of the tobacco crop this use of plastic money, elec- million,” according to the iar with the matter said last for 50 per cent to 70 per cent Zimbabwe and the global agricultural season and the tronic banking and efficient claim. The offer, which was month. of sales for most big retailers economy. reduction of smuggling of circulation of Zimbabwe sur- submitted to Chevron’s French oil major Total SA in Zimbabwe while efficient “A sudden collapse in the gold, as the five per cent rogate currency had signifi- banker on Cerberus letter- was also involved in the proc- circulation of bond notes had prices of export commodities awarded to gold producers cantly reduced the demand head, was rejected by Chev- ess, according to the same peo- reduced the demand for cash. of interest to Africa, and Zim- over and above the interna- for hard cash. ron soon after it was made, ple. Chevron plans to make a RBZ governor, Dr John babwe in particular and the tional gold price has been “This paradigm shift is en- Gunvor said. decision in coming weeks, Mangudya, said in a statement appreciation of the United regulative to discourage couraging, as it has the posi- Cerberus has refused to though sale talks could still that the export incentives paid States (US) dollar transmitted smuggling,” Dr Mangudya tive effect, together with the “honour its obligations” un- falter, the people said. covered 80 per cent of export- serious negative economic said. efficient circulation of the ers of goods and services, in- shocks to the economy. According to statistics re- bond notes, of reducing the Power Oil showers cluding Diaspora remittances, Dr Mangudya said the chal- leased by the Tobacco Indus- demand for cash in the na- fully paid by end of last lenges that faced the economy try and Marketing Board tional economy,” Dr customers with gifts month. during this period required (TIMB), at least 80 327 farm- Mangudya said. He added N the spirit of the Yule By Oyeyemi Gbenga- Dr Mangudya said major the central bank to intervene ers had registered to grow that this would reduce queu- tide, Power Oil, the heart Mustapha beneficiaries under the five to minimise the damage. tobacco during the 2016 /17 ing for cash at banks. Ifriendly vegetable oil per cent export incentive were Against these challenges, cropping season by Decem- The central bank chief said brand, has put smiles on cus- there is no better way to tobacco farmers, who re- worsened by El Nino induced ber 31, a 14 per cent increase that long queues for cash at tomers’ faces by volunteering show to our numerous cus- ceived $29,5 million, gold drought, the RBZ chief said from 70 161 recorded at the banks did not reflect lack of to wrap gift purchased for tomers how much they are producers $10 million and he was pleased that a number same time last year. money in the economy, but their loved ones at no cost. valued. This exercise is ba- diaspora remittances who of firms that had ceased ex- Zimbabwe is targeting to the need to continuously pro- The exercise was carried out sically designed to encour- pocketed $5,4 million. ports due to an uncompeti- produce 22 tonnes of gold this mote use of plastic money at more than eight shopping age everyone to give out The incentives were being tive environment punctuated year, marginally lower than and electronic payment malls across Lagos State. gifts to loved ones in a pre- paid through bond notes. by high cost of production the 25 tonnes initially tar- methods. Gift-wrapping machines sentable manner without were installed at malls lo- necessarily feeling pres- cated in various strategic ar- sured on the extra cost that Egyptian firm in talks with RVR suitors eas to ensure adequate cov- wrapper would incur on the GYPTIAN investment planned exit. logistics firm Shreeji Enter- generated from the deal is erage and also for everyone pockets.” firm Qalaa Holdings Its total direct and indirect prises, with the local firms earmarked for reinvestment to benefit from the yuletide “Power Oil takes off the Ehas confirmed that it interest in RVR, including also keen on roping in South in RVR, signalling that the offer irrespective of the loca- pressure of extra spending was talking to several local stakes held by several of its Africa state-owned railway railway operator is in such tion, part of the shopping on gift wrappers and even and international investors as partners such as Dutch fund firm Transnet Engineering to dire straits that Qalaa does not malls are Shoprite-Lekki, goes a step further to help it sought to sell its stake in FMO, stands at 85 per cent. bolster the consortium’s tech- hope to make any profit from Surulere, Ikeja, Ikorodu, them have the gifts wrapped Rift Valley Railways. Qalaa was responding to nical and operational creden- it but is content with trans- FESTAC, Ejigbo, and Chev- in a presentable manner by The Business Daily reported inquiries from its regulator, tials. ferring the risk to another op- ron, among others. professional wrappers at no last week that a consortium the Egyptian Exchange The consortium is betting erator. According to the Amisha cost to them,” she said. of local firms has made a $133 (EGX), in the wake of the on a multi-pronged strategy It remains to be seen Chawla, Brand Manager, Mrs. Rosemary Isong, a million bid to buy an 80 per Business Daily article. to turn around loss-making whether Qalaa, which has Power Oil, “we thought about customer at Shoprite, Ikeja cent interest in the Kenya- Armstrong & Duncan, a RVR including funnelling given up on RVR, will accept what special thing can we do Mall, who was visibly ex- Uganda railway from the company chaired by former existing customers to use the the offer. to excite and connect with our cited, commended Power Cairo-based firm. Nairobi State House opera- railway operator’s services as The governments of Kenya customers in this yuletide Oil for coming up such a self- “Qalaa Holdings... con- tive Stanley Murage, is part well as expectation that some and Uganda are also expected season, and we agreed on the less concept which at first firms that preliminary dis- of three companies making of the crude oil coming from to have a say in the proposed concept of them going ahead was unbelievable. “It actu- cussions are ongoing with up the consortium intent on the region’s wells will come transaction with an emphasis to purchase any gift of their ally took a second round of several prospective local taking over RVR. through. on compliance with the terms choice from the anywhere confirmation to have me and international investors The others are petroleum Transaction documents set out in the concession and bring it to our stalls to stopped to bring out the gift for the sale of its stake in distributor Rubix Energy and show that nearly all the cash agreement. have it beautifully wrapped which I have purchased, I Rift Valley Railways (RVR), at no extra cost”. never had any intention of the national railway of We have stalls strategically wrapping I just wanted to Kenya and Uganda,” the Kenya Airways signs deal to improve connectivity positioned in these malls buy and deliver just like multinational said in a state- along with brand ambassa- that. However, now that it ment. ENYA Airways said it in Asia partnering airline, the operat- dors and professional gift is wrapped it looks a whole “No official agreement or had signed a ing carrier. wrappers who are always lot better”. offer has been reached as of Kcodeshare agreement ways have a daily product be- The Kenyan carrier currently available to attend to shop- Another customer at the yet, and Qalaa will continue with Hong Kong Airlines to tween these two key business flies three times a week to Hong pers interested in having their Ikeja Mall, Mr. Kingsley to communicate further in- help improve connectivity cities,” Kenya Airways Group Kong, but the new agreement gifts wrapped. Onyeochara, said he, “par- formation in due course as and access in Asia. Chief Executive Officer (CEO) with its Asian partner increases Commenting during one ticularly likes this idea, be- negotiations advance.” The agreement on the Bang- Mbuvi Ngunze said in a state- this to a daily flight. of the exercise at Ikeja City cause it is economical, saves The company said it holds kok-Hong Kong route will see ment. Ngunze said the deal will also Mall, Omotayo Azeez, Pub- you the stress of wrapping an indirect stake of 73.76 per Hong Kong Airlines load Code-sharing allows airlines enable Hong Kong Airlines lic Relations Manager said: and ultimately, the present cent in RVR, which it has Kenya Airways flight code on to sell seats on their aircraft, passengers to book a through “Because this season is syn- looks better wrapped because classified as a discontinued the Asian carriers’ seven daily marketing carrier, as if they ticket to Nairobi, and the rest onymous to love sharing the wrapper is quite colour- operation since the first flights. were their own. The passengers of Kenya Airways destinations, and gift exchange amongst ful, kudos to Power Oil,” he quarter of 2016 ahead of the “This will allow Kenya Air- are later transferred onto the especially in Africa. loved ones, we thought that said. 30 THE NATION MONDAY, JANUARY 9, 2017 BUSINESS MOTORING Kia releases first images of all-new Picanto IA Motors last Thursday re- By Tajudeen Adebanjo leased images of the all-new Picanto, the third-genera- At the heart of the cabin is a new K ‘floating’ touchscreen infotainment tion of one of Kia’s global best-sell- ing cars. system, making the latest in-car Created by Kia’s design centres in technology available to occupants. Namyang, Korea and Frankfurt, The Picanto offers greater potential Germany, the new Picanto brings for customer personalisation, with youthful and energetic character to buyers able to choose from a range the A-segment. of colours for trim and upholstery. The new model – revealed in Kia’s Buyers of the all-new Picanto will sports-inspired ‘GT-Line’ specifica- enjoy smarter packaging efficiency tion – conveys a more assertive than ever before, with more cabin stance through bolder body lines and cargo space than rivals in the and subtly sculpted surfaces. segment. In spite of its extended A 15 mm-longer wheelbase (2,385 wheelbase, the Picanto retains its mm to 2,400 mm) also pushes the characteristically compact dimen- wheels further out into each corner sions. With a shorter front overhang for a more confident appearance. and longer rear overhang, the all- The Picanto’s colour palette is new model is the same length (3,595 more vibrant than ever, with a mm) as the car it replaces. choice of 11 bright paint options Kia will reveal the all-new Picanto designed to make the car stand out. in public for the first time at the Inside, Picanto’s suite of high-tech 2017 Geneva International Motor comfort, convenience and safety Show in March, and will go on sale features is underscored by a mod- at the end of the third quarter of ern and refined new cabin design. 2017. •The new image of the Picanto Nissan halts joint development of luxury cars ISSAN is halting joint devel- three decades to transform Infiniti opment of luxury cars with with Daimler into a significant global player in NDaimler’s Mercedes-Benz, It could also ultimately force the lucrative luxury car market. sources close to the companies told Nissan to write down part of a 250 The decision predates Donald Reuters, suspending a key project million pound ($306 million) invest- Trump’s election as the next U.S. in their seven-year partnership and ment at its UK plant that included president, the sources said, and was potentially hitting profitability at a Mercedes-based tooling, they unrelated to campaign vows to pe- new shared factory in Mexico. added. nalize Mexican imports that have Nissan decided in October its pre- Daimler and Nissan pursue joint rattled the auto industry. Ford (F.N) mium Infiniti brand would not use programs only when “beneficial for on Tuesday scrapped a planned “MFA2”, an upgraded Daimler car both sides”, the companies said in compact car plant in the country. platform that the companies have separate statements to Reuters, Nissan and Daimler are pushing Hyundai plans autonomous cars jointly funded, in part because without directly addressing ahead with Aguascalientes, where Infiniti was not performing well emailed questions about their plans they will build Infiniti and Mercedes •Hyundai autonomous Ioniq enough to absorb Mercedes tech- for MFA2 vehicles. models for the United States (US) Projects are constantly reviewed YUNDAI Motors is planning nology costs, the sources said. and other markets from a single autonomous vehicles but O’Brien “It wasn’t possible to close a deal against targets to account for “de- assembly line opening in 2017. autonomous cars for the says Hyundai “can deliver at an af- velopments beyond the control of masses. on the basis of MFA2,” said one of The project nonetheless faces H fordable price point” for the average the people. “The targets set by management”, they added, and dis- weakening U.S. demand for smaller The auto giant’s Ioniq draws little consumer. Infiniti were too difficult to cussions about joint development of cars that contributed to Ford’s can- attention as it manoeuvres the streets In the demonstration, the Ioniq was future premium compact cars are of Las Vegas in United States last achieve.” cellation and has further raised able to use its turn signal, change The move could reduce efficiency ongoing. profitability hurdles for new Infiniti Friday. lanes, stop at a red light and yield to Nissan’s decision deals a blow to The mid-sized sedan is one of a at a $1 billion shared factory open- compacts. pedestrians. ing this year in Aguascalientes, the broad cooperation deal struck Persistently low oil prices accel- number of autonomous cars roam- In one instance, it began to accel- between Renault-Nissan boss ing the city’s streets during the high- Mexico, where the companies had erated the market shift to larger erate with a green light but then sud- planned to use the same compact Carlos Ghosn and his Daimler vehicles last year, Ford sales chief tech Consumer Electronics. denly braked. counterpart Dieter Zetsche in 2010. The South Korean automaker car architecture to cut complexity Mark LaNeve said last Wednesday, Vehicle technology manager Andre and production costs, two of the It also underscores the mixed re- adding: “All the growth was SUVs wants to stand out by being ordinary: Ravinowich said the sudden shift sources said. sults of Nissan’s battle over almost and trucks.” making a self-driving car for the av- came because “the car in front erage consumer. started moving, but braked” and the “The autonomous Ioniq concept is Ioniq acted to avoid getting too close. Volvo car sales hit 25-year high a normal car, not a science project,” Engineers are working to refine the OLVO Car in United King- said Mike O’Brien, vice president of algorithms which govern these kinds dom (UK) has secured its ever-popular XC60 (16,038) and Commenting on the sales perfor- Hyundai North America, during a of decisions, based on data collected highest sales figures for a the new XC90 (5,801). mance, Jon Wakefield, Managing V The figure for the XC90 is espe- Director of Volvo Car UK, said: demonstration for AFP. from sensors in the car and other in- quarter of a century, with 46,696 “We believe in democratising this formation. cially significant, since the XC90 is “2016 was a superb year for every- cars sold last year. the first model built on Volvo’s all- one at Volvo. We sold more than technology,” O’Brien said. Hyundai and other automakers are This is an increase of seven per Hyundai’s unremarkable car using a technology called LIDAR, or new SPA platform and powered 46,600 cars in the UK for the first cent on 20152 s results, and dem- exclusively by its ground-breaking time in 25 years and increased our stands in contrast to others being light detection and ranging, for re- onstrates the quality and desirabil- shown at the huge tech show, which mote sensing of vehicles, pedestrians Drive-E powertrains. market share – and with another ity of Volvo’s range of premium This strong UK performance exciting year of new technologically include a number of pricey models and other things in the environment. cars. with more horsepower and luxury Ravinowich said there are still a helped Volvo Cars achieve a third advanced and stunning Volvos The V40/V40 Cross Country was consecutive year of record sales, coming in 2017, we’re confident features. few hurdles before autonomous driv- the highest-selling model in the UK, Many automakers are planning for ing becomes mainstream. selling 534,332 cars globally in 2016 this positive momentum will con- with 16,491 sold, followed by the (up 6.2 per cent on 20152 s figure). tinue.” SAFE DRIVING ENCE the continuous re- ports of road accidents and Boko Haram and road accidents (2) Hfatalities daily or weekly basis nationwide. right foundational and re-train- vehicle accidents. This is right but should not be to The disgraceful compromise in ing? No is the answer. Were the The United Nations Decade of the neglect of road accident prevent. the issuance of driver’s licence has drivers subjected to adequate pre- Action for Road Safety (2011 – We should not forget that Boko also put more burden on the Fed- driving sleep or rest? Is there an 2020) aimed at drastically reduc- Haram was a product of neglect as eral Road Safety Commission effective drug abuse prevention ing the rate of road accidents and well. (FRSC) as to which strategies to and counseling programme for fatalities is just about 3 years to It is time for the Federal Govern- employ to reduce the carnage on the drivers? What time of the day end with Nigeria still wallowing ment to set up a result-oriented Nigeria roads. is best suited for the transporta- in Corrupt Driver Licence System, think-tank comprising all the stake- This is evident in the recent an- tion of petroleum products con- weak Road Safety Administration holders in the road safety and trans- nouncement by the authorities of sidering the flammable nature and Traffic Management as well as port sector, including representa- FRSC that fuel tankers should no and traffic? Do the tanker drivers poor road user education. Nigeria tives of the Executive, Legislative more move in the night. This is a have Licence? If yes, how did they is still far from accomplishing the and Judicial arms of government at policy adopted out of a confused obtain the licence? The back door five pillars of the UN Decade of the Federal and state levels) to Jide Owatunmise mind. Before deciding on the strat- of course! Action as at today. Yet the Govern- chart the right way forward to pre- egies to adopt to reduce the rate Unless these and allied ments are not feeling concerned. Registrar / Chief Executive, Professional vent further loss of innocent lives Driving and Safety Academy of accidents among the fuel tanker foundamental questions are prop- Rather, they are gallivanting on Nigeria roads. President drivers, we must seek the true an- erly addressed, the no night move- around to raise billions of Naira to Muhammadu Buhari has sworn to genuinely doing so in words and swers to the following question: ment law of the FRSC will not finance the Boko Haram war and an oath to protect the lives of Ni- in actions. A stitch in time saves Were the tanker drivers given the solve the problem of articulated the resettlement of the North East. gerians and he must be seen as nine. THE NATION MONDAY, JANUARY 9, 2017 31 32 THE NATION MONDAY, JANUARY 9, 2017 THE NATION MONDAY, JANUARY 9, 2017 33 34 THE NATION MONDAY, JANUARY 9, 2017 THE NATION MONDAY, JANUARY 9, 2017 35 36 THE NATION MONDAY, JANUARY 9, 2017 SHOWBIZ OLLYWOOD actor Brad Chris Brown banned Pitt is still having visi- Htation issues with his from fitness centre kids after separation from spouse Angelina Jolie. ONTROVERSIAL Amer- Reports say the actor was ican singer, Chris Brown, recently heartbroken as Jolie Cwon’t be stepping foot ‘cuts him’ out of children’s life inside a Life Time fitness cen- against his wish to visit con- tre again, according to the stantly and be active in the lives company who just slapped the of the kids. artiste with a lifetime ban af- The couple’s split in Septem- ter he went ballistic at their ber last year, after 12 years of NYC location. marriage shocked the world. TMZ who broke the story Jolie, 41, who cited irreconcila- says “Brown was booted from ble differences, decided to end the gym Friday after getting their marriage because she was into it with a manager. We’re “extremely upset” with the way told Chris and his crew were the 53-year-old star was parent- on the basketball courts play- ing the kids. Thus, she decided ing loud music, cussing and to seek joint legal custody, but hurling insults. Witnesses say not joint physical custody. a manager asked them to leave While the father-of-six con- and Chris lost it ... even spit- tinues weekly supervised vis- ting on the way out.” •Chris Brown its of 5-hour with his children, A rep of the company says he is worried that Jolie could Chris’ actions, behaviour and have been banned permanent- be cutting him out of their chil- aggression toward their staff ly from the company’s more dren’s lives. was completely unacceptable than 100 locations. The estranged couple had and they’ve got no place for it. Chris is however yet to re- agreed to a temporary custody The singer and his group act to the ban. agreement according to which, •Angelina Jolie an Brad Pitt the Allied actor will be visit- ing his children in the presence Artistes line up for of a therapist, but reports sug- gest that there has been some Brad Pitt still troubled Ushbebe’s Ya Dadi 7 conflict regarding the frequen- median, will parade the best of cy of the visits. Nigerian entertainers. “As far as Brad is concerned, “In putting this show togeth- Angelina is doing everything over paternity crisis er over the years, one thing we in her power to keep the kids have come to realize is that Ni- away from him, and it’s break- Since Pitt and Aniston were positive in it for him. The “The frequency and duration gerians’ appetite for quality en- ing his heart. Brad’s really con- in a relationship for quite some charges that have been made of these visits have been deter- tertainment is insatiable and it cerned Angelina is poisoning time, Jolie allegedly wants to against him may or may not mined by the minor children’s is that need we have come to the boys against him, and they ask the actress to testify against be based on facts. We still don’t therapist, who were put in place meet. This is why for our first are becoming more and more Pitt and to expose his history know – and Angelina’s played jointly by parties immediately edition of the show this year, distant towards him with each with drugs and alcohol. him like a violin,” he said. after the Sept. 14 incident.” we have gone the extra mile to passing day,” a source told A celebrity divorce attorney, In court documents obtained The papers also state that bring in the best in entertain- HollywoodLife. Raoul Felder, who recently by PEOPLE, Jolie’s lawyer Lau- weekly visits of “five hours ment,” the comedian said. Meanwhile, as the couple is weighed in on Pitt and Jolie’s ra Wasser says Pitt has seen his each” have been scheduled He also revealed that this still finalizing their divorce, ongoing divorce told Radar younger kids at least once a through the end of January. edition of the show is dedicat- there are rumors that the ac- Online that Pitt is at the losing week since Oct. 8. And per their “His visits may increase at ed to lovers, especially as Feb- tress plans to involve the ac- end. “Brad was in an impossi- voluntary custody agreement, any time based on the thera- ruary is widely perceived as tor’s ex, Jennifer Aniston, in ble situation. No matter what a therapist has been present at pists’ evaluation of each child’s lovers’ month. court hearings. happened, there was nothing each visit. feelings and progress,” state Put together by Pride Rock the documents. Entertainment, an event plan- ning company run by the co- Kate Henshaw shows median cum radio personality, The Chronicles of Ushbebe, he said will not com- strength in power work-out promise on quality going by WARD-winning Nolly- the lineup of artistes who will wood actress Kate Hen- be thrilling guests in February. Ashaw is strong. And that’s Among those expected to a verdict from Fayemi Beatrice, thrill guests with good music fitness enthusiast, who worked are Phyno, Mr Eazi, Olamide, out with the 45-year old star on Tekno, Falz, Adekunle Gold, Saturday. Harrysong, Kcee, Solidstar, ‘Finally got to workout with Young 6ix, Mayorkun, Seyi @k8henshaw today,’ she wrote. •Ushbebe Shay, Runtown, Waje, Dremo, ‘It was lit. She’s so Strong. ku- Reekado Banks, Praiz, Skuki, dos ma’am.’ ASHING in on the suc- Ycee, Koker and a host of oth- Posting a video on Instagram, cesses recorded in the ers on her account, fayemibeatrice, C previous editions, cel- To present quality comedy Beatrice, who is also the owner ebrated comedian, Justice Nu- for the night will be none oth- of Trissie’s fitness, according to agbe, aka Ushbebe, has con- er than Gordons, AY, Akporo- her profile, expressed the Nol- cluded plans to hold the sev- ro, Helen Paul, Seyi Law, Fun- lywood star’s strength by work- enth edition of his signature nybone, Kenny Blaq, and Ush- ing out for 80 minutes doing show, The Chronicles of Ushbebe bebe himself. exercises such as running, walk- Live. Ya Dadi 7, Ushbebe said, is ing lunges, walking push ups, Tagged Ya Dadi 7, the show, the first of many activities him- burpees, abs stretch, planks, side which takes the format of a con- self and his team will be treats crunches and bicep curls and reps •Kate shaw has acted in include Games cert, comes up on Sunday, Feb- fans and guests alike to in the in the workout. unveiled her clothing line, workout ooo. Saturday is look- Men Play, The Meeting and Above ruary 26, 2016 at Eko Hotel and year 2017. Responding to @fayemibeat- Kates pants, wrote: ‘We did it! ing fab already.’ Death: In God We Trust among Suites, and, according to the co- rice, Kate who last December, Thank you for an awesome Among movies which Hen- many others. Fans show love for Kemi Adetiba at 37 TILL reeling in the success of her mov- I featured Mike Abdul because ie, director of The Wedding Party, S Kemi Adetiba, celebrated 37 yester- of his Fuji feel - Shodyreeks day, with a torrent of greetings and wishes. Posting a photo and writing on Instagram, UST out with a new single, help me put this thing together is Adetiba, a music video director, filmmaker Modupe, which dropped on going to be Mike Abdul, not be- and television director, wished herself the best. J January 1, 2017, up and com- cause he’s a gospel artiste but be- “Grateful,” she wrote on her Instagram ac- ing singer, Shodyreeks, has said cause the kind of genre he does. count, kemiadetiba. she opted for a duet with gospel He has this Fuji feel and again, lots “Honoured. Humbled. Open to new adven- musician, Mike Abdul because of of his songs are talking about Ko- tures... As long as the Lord is with me every his ‘Fuji feel.’ rede, being happy, being joyful, step of the way. May this new birth year be the The 24-year old Political Science thankful and all. So, I felt Mike BEST of my years already past, and worst of and International Relations grad- would be a very good person for my years to come. Hold on tight Kems... 37 is uate from Osun State University my song. So, then, I met up with gonna be one heck of an AMAZING ride.” whose real name is Shodiya Ru- Mike, we did the song together.” As at 4pm yesterday, the post had attracted kayat, said the song is about “be- Shodyreeks who started music over 3, 900 likes and generated over 500 com- ing thankful for my family, for my in 2014 has recorded songs like You ments. health, things that I have not seen and I which featured a rapper, On her Twitter handle, @kemiadetiba, it was but I’m going to see, things that I’ve MVP, Fingerlickin, a club song, also a rush of greetings from her teeming fans. •Shodyreeks •Kemi Adetiba was born on January 8, 1980 in La- not gotten but I’m still going to get. Good Morning, and You Garrit fea- Adetiba “And I said, the best person to turing Koker of Chocolate City. gos. NEWS

THE NATION MONDAY, JANUARY 9, 2017 37 NEWS ‘Establish farm Consumers groan as kerosene scarcity hits Calabar settlements’ EROSENE scarcity has hit Cal- He added: “This is when you are DON, Prof. Simon Ugwu, has abar and its environs. When •Product sells for N400 per litre able to find it at all.” urged the Federal Govern- available, it sells Chairman of Independent Petro- Ament to establish farm settle- K Mrs. Grace Nja, who lives at Ikot Sunday, decried the situation, describ- ments in local governments, to boost between N350 and N400 per litre, leum Marketers Association of Ni- food production. News Agency of Nigeria (NAN) re- Efanga, said she bought the product ing it as greed on the part of market- geria (IPMAN), Calabar depot, Mr. ports. at N280 at a filling station early last ers. Esue Obi, attributed the situation to Ugwu, a senior lecturer in the Fac- ulty of Agriculture, University of Ni- NAN survey yesterday showed the week. “This is bad for poor people. I am a lack of supply. product was not available in filling She alleged that petrol product widow and I don’t have money to He said: “There is no kerosene in geria, Nsukka, told News Agency of Nigeria (NAN) in Nsukka that estab- stations in the Cross River State cap- marketers sold their consignments to buy gas cooker. Calabar depot and the tank farms in ital and its environs. middlemen from neighbouring “Now the price of kerosene is out Cross River, Akwa Ibom and Rivers. lishment of the farms would facilitate food security and create jobs. Consumers can only get the states, instead of consumers. of my reach. It is hard to feed. Those having the product travel to product from surface tanks in parts “I went to buy kerosene and saw “The government should do some- Lagos to buy it. He said: “It is unfortunate that ara- ble acres are lying waste when there of the city, where dealers sell it at women from outside the state carry- thing to change the situation in the “When they add the cost of trans- N350 per litre. ing big cans and buying the product interest of the masses,” she said. port and other expenses, the price is food shortage. “The high cost of food items is an The survey showed that itinerant in large quantity. Mr. Ekpenyong Lazarus, a resident must be high. This is the situation. retailers sold the commodity be- They are the ones that buy up the of Akamkpa in Akamkpa Local Gov- “Importers are complaining of lack indication that the quantity of food produced is insufficient for the popu- tween N380 and N400 per litre, de- supply,” Nja said. ernment, told NAN the product sold of foreign exchange. We don’t know pending on the area. Another resident, Mrs. Elizabeth for N400 per litre. when the product will be available.” lation. “Establishment of farm settlements

in every council will boost food pro- duction, provide employment and increase foreign exchange.” The lecturer advised the govern- ment to mechanise agriculture to make it attractive to the youth. “The government should mecha- nise agriculture by buying tractors, diggers and other implements used in industrialised nations. “Agriculture graduates should be employed by the government to teach rural farmers modern farming. “The government should ensure farmers are given soft loans. It should subsidise inputs, such as fertilisers and seedlings to help them achieve bump- er harvest,” he said. Ugwu, a former dean in the faculty, advised Nigerians to create gardens in their homes to plant vegetables, egg plants, maize and others. “Education authorities should, as a matter of necessity, reintroduce farms in primary and secondary schools to make children know the importance •Enugu State Governor Ifeanyi Ugwuanyi (fourth left); his deputy, Mrs. Cecilia Ezeilo (third right); Catholic Bishop of Enugu Diocese, Most Rev. Calistus Onaga (fourth right); Enugu State Chief Judge, Justice Priscilla Emehelu (second right); President of Customary Court of Appeal, Justice George of agriculture. Nnamani (right); state Chairman of Nigeria Legion, George Amalu (second left) and servicemen during the Armed Forces Remembrance Day Church “Every family should see the im- Service at the Holy Ghost Catholic Cathedral, Enugu... yesterday. portance of having a garden. The veg- etable you pick from your garden saves you money; they are fresher than the ones you buy in the market. ‘Nnewi market fire losses harrowing, regrettable’ “For this country to achieve food HE Managing Director of Sel- reports that property and goods sympathised with the owners of the recession. security, all hands must be on deck onnes Consult, Mr. Oseloka worth about N3 billion were lost to timber sheds and buildings at the “Public safety and infrastructure since, no matter your profession or T Obaze, has described the fire the midnight fire. Nnewi Timber Market gutted by fire, based on best practices must be pri- your position, you must eat to live,” that gutted part of Nnewi Timber Oseloka said the disaster would with resultant huge losses. oritised if we must avoid incidents as he said. Market last Thursday as harrowing have been mitigated if the govern- “Fire incidents as this, though not this. Group urges synergy and regrettable. ment had created fire service stations uncommon during the harmattan, are “Unfortunately, this is not the case, Oseloka, ex-secretary to Anambra at public places. avoidable if the proper and statutory even as pretence continues that our among parties State government (SSG), said in a The former SSG sympathised with safety checks and measures are in public utilities are operational. GROUP, Igbo Awareness statement yesterday it was unfortu- the victims and blamed the govern- place. “We need to improve our public Movement, has called for syn- nate the disaster occurred during the ment for failing to create enough fire “It is harrowing, regrettable and safety operations, especially in terms ergy and merger of Igbo-ori- recession. service stations. most unfortunate that our people will of emergency responses to road acci- A ented parties, to give the Southeast a News Agency of Nigeria (NAN) He said: “I join those who have suffer such huge loses in this time of dents, fire and natural hazards.” strong voice in 2019. This is contained in a communiqué Cross River to set up cement plant, limestone firm Ebonyi commuters by the body to News Agency of Ni- HE Cross River State government has secured operational licences geria (NAN) in Enugu. decry hike in fares “We call on Igbo political leaders from the Federal Government to establish a cement factory and a He said: “The government and limestone quarry in Akamkpa Local Government. to use this opportunity of Igbo reun- T agencies should subsidise cost of ion to get APGA, UPP, PPA and other Commissioner for Solid Minerals Development Mr. George O’Ben-Etchi, who transport, especially now that the fes- parties to a roundtable on how to build spoke in Calabar when he met members of the Solid Minerals Development tive period is over.” Board, said: “We have our licences for the Cement Plant (CROSSCEMCO) and a strong, political front for Ndigbo. Mr. Daniel Eke, another commut- “We believe Ndigbo have what it Limestone Quarry.” er, said the hike affected his projec- “According to the governor’s plan, the two projects, among others, will feed takes to form a formidable political tion. He advised the government to and economic union capable of end- the construction of Super Highway Project,’’ he said. address it. The commissioner stressed the need for the board members to work as a ing lamentable state of Igbo influence “Things are difficult. The hike has in Nigerian politics,’’ it said. team with stakeholders in the sector to realise government’s aim. affected the prices of goods. Govern- He advised members to put aside individual interests and work for the The statement called on leaders of ment should address the matter,” he APGA, UPP, PPA and other Igbo par- state’s development. added. “Everybody’s opinion should be given equal attention. Make use of what is ties to embrace the new conscious- Mrs. Osiati Jude, a housewife, how- ness for Igbo emancipation. necessary today and save the rest for tomorrow. ever, praised the government for the “Use our collective initiative to work and don’t wait for the governor. You “The reality of politics today calls free transport initiative, but appealed for Ndigbo from political persuasions are appointed to support him and make his work of developing the economy that the destinations covered be ex- easier. to stop the lamentations, divisive and tended to other parts of the country. selfish politics from within,” it said. “We have to think outside the box to be able to understand his vision. She said this would enable those “My humble self and the entire workforce of the ministry will work with The statement said Ndigbo should •Umahi who had not benefited to do so. form a political bloc to pursue Igbo your board and any other board to achieve and maintain success,’’ O’Ben-Etchi “I thank Governor David Umahi said. interests before any other interest, so OMMUTERS in Abakaliki, Eb- for this gesture and plead for exten- that development would return to He said his ministry had begun sensitising host communities on the need to onyi State capital, have urged sion to other states,” Osiati said. guard what they had by not issuing out letters of consent to intending quarry Igbo land. Cthe government and agencies A manager in one of the transport The group said: “Looking back at operators. to prevail on transportation firms to companies, who gave his name as roles played by great Igbo politicians The commissioner accused the operators of going through the back door to reduce fares. Faith, claimed the increase in trans- get mineral deposits. like Zik, Okpara, Mbadiwe, Ekwueme They spoke in interviews with port fares was due to hike in the pric- and others before and after independ- He warned that the ministry would no longer tolerate such illegal deals by News Agency of Nigeria (NAN). es of goods. quarry companies. ence in shaping Nigeria, it is a disap- NAN reports that the advice came He said transporters should not be pointment that no present Igbo lead- “We are saddled with finding out those who have or do not have licences, against a backdrop of hike in trans- blamed. those whose licences have expired and have renewed or have refused to renew er can boast of any such feat. port fares from the capital to other “We got new buses sold to us at “This vacuum of political leader- them in order to take them up to the appropriate authorities,’’ O’Ben-Etchi areas during the Yuletide. N21 million, as against N9 million. said. ship in Igbo land has made it easy for NAN investigation showed that This is why there has been this slight the political leaders of other ethnic He said efforts were being made by the government to involve the Niger fare from Abakaliki to Benin City increase in transport fares,” Faith Delta Development Commission (NDDC) in providing good roads in the blocs to manoeuvre and marginalise rose to N3,500, as against N 2,500; to said. Ndigbo in the scheme of things. mining communities. Port Harcourt, N3,500, instead of A respondent, who spoke on con- “Since one of the major challenges the operators are faced with is bad road “It is, therefore, important now, as N2,200 and Onitsha, N1,900, rather dition of anonymity, hoped that the other political blocs broker alliances network, we have started discussions on how the NDDC can be brought in to than N1,200. fare would fall soon. build roads to ease the movement of trucks to and from the mining sites,” the against 2019, for Ndigbo to put our Augustus Nnachi, a student, said He said the hike was caused by in- house in order. The time to act is now.’’ commissioner said. he paid double to get back to school. crease in the prices of goods. 38 THE NATION MONDAY, JANUARY 9, 2017 40 THE NATION MONDAY, JANUARY 9, 2017 NEWS

•From right: Chairman, Nigerian Legion, Rivers State chapter, Col. Wilberforce Josiah; Governor Nyesom Wike; Deputy Governor Ipalibo Harry-Banigo; House of Assembly Speaker Ikuinyi-Owaji Ibani and Chief Judge, Justice Adama Iyayi-Lamikanra and others, during the inter-denominational service to mark the 2017 Armed Forces and Remembrance Day celebration at First Baptist Church, Port Harcourt...yesterday Inheritance Bill: Auchi monarch threatens Jihad against Senate Five killed as suspected herdsmen From Osagie Otabor, Benin IVE farmers have been feared killed in Abraka HE Otaru of Auchi in Estako West Local Government Edo and Obiaruku communi- attack Delta communities State, HRH Aliru Momoh, the Ikelebe III, has threatened to F ties in Ethiope East and From Bolaji Ogundele, Warri was hacked to death and his fin- Aniamaka, a Deputy Superin- Tlead a jihad against the Senate over its proposed Inherit- Ukwuani local governments of gers chopped off. tendent of Police (DSP), said: “I ance Bill. Delta State, during clashes be- were indigenes of Eku commu- The second incident hap- can only confirm that of The Otaru, who is the state chairman of the Nigeria Supreme tween farmers and suspected nity though residents of pened on a farm near a forest Abraka, where two persons Council for Islamic Affairs (NSCIA), noted that issues bordering herdsmen. Abraka. reserve on the Abraka-Benin were killed. It was first reported on inheritance have been concluded in the Holy Qur’an. It was learnt farmers in the Two of them were killed on Road, a boundary area between as a case of a missing person Speaking at the 20th Auchi Day annual celebration, HRH Momoh communities had been in a their farms. Urhoka-Abraka and Obiaruku. on January 3. A resident, said nobody could alter anything about inheritance, which had long-drawn faceoff with the Akpovona’s and Sunday’s Two men and a woman were Akpovena Godwin, was re- been passed over 1,400 years ago by the Almighty God in the herdsmen bause of incessant bodies were discovered on said to have been killed in the ported his brother’s case. They Qur’an. destruction of their farms by their farms last Wednesday, area. The victims were indi- are from Eku community. The monarch noted that he has a committee in his kingdom the day after they went there deals with the sharing of inheritance to ensure justice in accor- grazing cattle. genes of Obiaruku community. “By morning of January 4, Sources said tension esca- to clear the land but did not A resident, Progress Aganbi they found the deceased and dance with the Quran. return home. Their bodies He warned of dire consequences, if anybody tampered with lated in the communities last said: “They went to the farm Sunday Akpokpo. Sunday was week, following the clashes in were recovered by community last Tuesday but did not return. 40 years old while Felix inheritance matters, as given by God. scavengers on Wednesday af- Momoh said: “The issue of inheritance has been passed over which four men and one The next day, a search party was Akpovena was 39. It was a case woman were killed. ternoon in a bush said to be sent to look for them. It discov- of murder. There’s the suspi- 1,400 years ago by the Almighty God in the Qur’an. Who is ca- prone to herdsmen attacks. pable of altering that? The sources said victims in ered their bodies at separate cion that it might have been a the Abraka incident included Akpovona, a father of five, locations near a river bank reprisal attack. We are still not “If anything, I believe sincerely it is a joke. But if it is not, I will was reportedly shot by the lead a spiritual jihad against the Senate, should they alter the issue two cousins - Akpovona Felix close to their farm.” giving up.” of inheritance as dictated by the Qur’an. Who are they? and Sunday Akpupu - who herdsmen while his cousin Police spokesman Andrew “A lot of us have the volition to do what we like but those volitions are limited in the sense that the human brain cannot surpass what has been explained by Almighty God. Police plan crackdown on revenue collection violators “Nigeria is at peace. The peace we prayed for is gradually com- ing to us. Boko Haram is gone; the Avengers have been dimin- HE Edo State Govern- Edo moves to stop thugs from harassing traders, others ished.” ment has released emer- The Otaru hoped that President Muhammadu Buhari would gency phone lines to the HE Edo State Government has begun From Osagie Otabor, Benin T moves to stop thugs from harassing trad- lead the country to glory because of his integrity. public to report violators to the booklets and beat up some workers in the pres- He urged Nigerians to embrace the policies and programmes ban on the collection of revenue Ters and commercial drivers to pay levy ence of security operatives. of the Buhari administration to enhance national development. for immediate arrest. or tax. Two officials of Igueben Local Government, Governor Godwin Obaseki, who was represented by the chair- A statement yesterday by the It also released the phone numbers that trad- including its Treasurer, Godwin Uwadiale, man of the state’s Inland Revenue Service, Chief Oseni Elamah, Chief Press Secretary (Interim) ers and commercial drivers could call when were hospitalised last week after they were urged Auchi indigenes to key into his Reform agenda, especially to the Governor, Mr. John harassed. beaten up by suspected thugs at Ebelle Market in agriculture and solid minerals. Mayaki, confirmed the devel- The government said it released the num- for illegal revenue collection. Obaseki promised to revamp the Auchi Fertiliser Company as opment. bers to enable traders and commercials driv- well build roads in the area. They were reportedly attacked on the direc- The police special lines, the ers report any violator to the ban on collec- tive of a contractor who was collecting revenue statement said, are: tion of revenue. from the traders before Obaseki’s directive. Police chief’s wife decries 08115808360, 08115808361, Last week, Governor Godwin Obaseki an- From his hospital bed, Uwadiale said he was 08115808441, 08115808442. nounced a ban on some levies and taxes to at the market to collect revenue, following the killing of officers He said Police Commis- non-state or local government employees. sioner Haliru Gwandu would governor’s directive, when the contractor, HRH From Rosemary Nwisi, Port Harcourt Obaseki revoked the contracts, which en- Joseph Aikpaojie, the Onojie of Ebelle, ordered HE wife of the Rivers State police commissioner, Mrs Juliet enforce the implementation of abled individuals to collect taxes and levies the ban on collection of revenue thugs to beat him up. Odesanya, has decried increasing number of widows on behalf of state or local governments. He said hoodlums used a battle axe to inflict among wives of policemen serving in the state. by private individuals, follow- Despite the announcement, some suspected T ing Governor Godwin injuries on him and his colleague. She attributed the development to the incessant killing of offic- thugs, who claimed to be youths of Ogbe com- The treasurer said the suspected thugs took Obaseki’s directive. munity, invaded the Oba Market in Benin, ers and men. Gwandu said: “I will send out them to the monarch’s palace until the police Mrs Odesanya spoke at the weekend at an event organised by the state capital, and destroyed traders’ wares, took them to the hospital. the state’s branch of Police Officers’ Wives Association (POWA) to 20 squads that will go round following their “refused” to pay. and ensure there is diligence But the Onojie denied leading suspected celebrate Christmas and New Year for wives and children of slain At the New Benin Market, suspected thugs, thugs to attack the officials. officers of the command. and compliance of the ban. who were said to be working for the Edo Pro- “You have heard the pro- The monarch said he went to the market af- She condemned the killing of policemen and called for caution. fessional Drivers on Wheels (EPDW), de- ter hearing of the fracas and saw the hoodlums Mrs Odesanya noted that the development had continued to nouncement and I am sure the people are happy. I can also as- manded payment for what they called ground beating up the council officials. increase the number of widows and children without fathers. and protection levies. House of Assembly Speaker Justin The police chief’s wife urged the public, groups and sure you that the police will not rest on their oars. The hoodlums reportedly stopped officials Okonoboh was at Ebelle to visit the injured organisations to partner POWA to help the affected families. of Oredo Local Government to collect rev- She said POWA had concluded plans to put police officers’ wives “Very soon, I will hold a officials. meeting with my Divisional enue from commercial drivers. He promised to ensure an amicable settle- on skills acquisition programmes to enable them become self- They allegedly seized the council’s receipt reliant. Police Officers (DPOs). I im- ment of the matter. POWA distributed foodstuffs and other items to the widows plore the people of Edo State to and their children. do the right thing and ensure •Emergency phone numbers released managing directors of those Mrs Odesanya said: “This donation is line with the vision of our that there is sanity. I will en- engaged as consultants or association and that of the wife of the Inspector-General of Police force the order to the letter.” •State to introduce POS for revenue collection contractors have also been di- (IGP) and, above all, for the love we have for ourselves. Obaseki has perfected modal- •Govt to employ first batch of 10,000 collectors rected to supply the names of “For our widows, we can’t brush them aside. We need to con- ity for the employment of the those people who were in- tinually stay with them financially and otherwise. first set of 10,000 persons in enue to the Government the meeting, the Chairman of volved, the workers they “In this command, a huge number are widowed on daily and fulfilment of his avowed elec- House to jumpstart the job Edo State Internal Revenue used, their numbers and their weekly bases. I don’t need to share the statistics. It is not a wonder- tioneering promise to create scheme. Service, Chief Oseni Elamah, photographs so that we can ful thing to say. Unfortunately, it is the situation we find our- 200,000 jobs. A government statement said the contractors were consider them for employ- selves. The governor, who spoke last Friday said the submis- those previously selected to ment under the first 10,000 “We have identified major issues plaguing the members of our last Friday in Benin, the state sion of the contractors’ names collect revenue on behalf of youths’ employment association, especially women and children. We have mapped out capital, said his administra- was part of the government’s the local governments. programme the government many programmes to support widows and women of this tion would introduce the Point avowed commitment to Elemah said the contractors is working on. organisation. We want to provide skills acquisition programmes of Service (POS) electronic plat- streamline tax collection were also required to supply “They will undergo train- to empower our women. form for revenue collection via across the state. the names of their workers, ing before eventual recruit- “We are calling on well-meaning agencies and individuals to scratch cards for those who do The statement said phone numbers and passport ment will be made.” partner with us in this project because we need to begin this not have ATM cards. government’s decision fol- photographs. The chairman noted that: programme at our skills centre. We will buy computers and other Obaseki directed heads of lowed Obaseki’s meeting He said: “This is with a view “under this, we are also work- equipment for those who are literate.” local government administra- with stakeholders at the Gov- to capturing their details in ing towards eliminating cash “We want that in 2017 that our women become self sufficient tion to forward names of con- ernment House last Friday. our employment database. as a means of revenue collec- and stop depending our meagre resources of our husbands.” tractors initially collecting rev- Addressing reporters after “In addition to this, the tion”. THE NATION MONDAY, JANUARY 9, 2017 41 NEWS

Joshua, in a news conference yesterday, called on the Fed- New factional Shi’ite group Rivers, Yobe CAN protest eral and Kaduna State gov- uncovered in Borno ernments to find ways to end the killings. He called for HE Nigeria Security group. justice, equity and fairness in Civil Defence Corps “When we invited the Kaduna killings handling the crisis. T(NSCDC) in Borno leader (names withheld), he State has discovered a new claimed to be non-violent The statement reads: “Such factional sect of the Islamic HE Christian Associ- killings and destruction of and that they are against the ation of Nigeria •Black Sunday declared in Rivers Movement of Nigeria (IMN), teachings of Ibrahim El- houses, churches and farm- popularly known as Shi’ite, (CAN) in Rivers State lands are unacceptable and, Zakzaky. T From Precious Dikewoha, ble homicide. It is both gen- in Borno, the state capital. “But we must detest and has protested the Southern therefore, condemnable. Port Harcourt and Duku ocide and a holocaust. We Commandant Ibrahim distance ourselves from all Kaduna killings. It declared Joel, Maiduguri “No individual or group of Abdullahi stated this in an write to Mr. President with persons, disguising as Fulani acts of violence and illegal yesterday a black Sunday. interview with News groups in all its manifesta- By 2pm yesterday, Chris- He called on President Mu- passion because we are herdsmen, are permitted to hammadu Buhari to confront aware that you were, and still Agency of Nigeria (NAN), tions under whatever guise. tians gathered at Christ take the law into their hands. yesterday. what he described as “the a soldier, who knows what So, we call on both the fed- “We agree that it is their Church in Port Harcourt Abdullahi said men of the fundamental right to practice City council, where they hydra-headed monster” of defending a defenceless peo- eral and the state govern- Islamic Jihadists and bring ple, is. command discovered the their own religion, but we moved to the Government ment to investigate and en- group in Kwaya Kusar local the “satanic assignees to jus- “We believe that by send- sure that those behind the are not unmindful about fac- House, singing and praying. government through intelli- tors that gave rise to the ca- The protesters turned the tice”. ing our protest letter killings are brought to book. The CAN chairman urged through Governor Nyesom gence gathering and surveil- lamitous catastrophe which Government House to a “Concerned authorities lance, adding that the group the Federal Government to Wike, it will get to the Pres- should also redouble their engulfed us in the recent prayer centre while waiting was different from the El- past.” to be received. begin the process of recon- ident. It is our fervent prayer efforts in ending these kill- ciliation, reconstruction and that God will strengthen and Zakzaky-led group. Abdullahi added that in- About 30 minutes later, ings and ensure that those “As part of our statutory rehabilitation and to pay full encourage our Christian affected are adequately com- vestigations would be sus- they were received by Gov- responsibility in monitoring tained and shared with other ernor Nyesom Wike’s Chief compensation to victims. brethren in Southern Kadu- pensated” Rev Jibrin said. His words: “We have de- na and other parts of the the activities of religious security agencies to forestall of Staff, Emeka Woke. The cleric commiserated bodies in the country, we clared today a black Sunday, country.” with families who lost loved any breach of peace in the According to CAN Chair- have discovered this strange country. man, Primate Isaac Anya- and a national day of mourn- Woke thanked the protest- ones and prayed for the nasikike, the killing of inno- ing occasioned by unending ers for their peaceful dispo- repose of the souls of the cent Christians in Southern spate of sectarian killing in sition and promised that deceased. Kwara PDP to challenge TICs in court Southern Kaduna and other Wike will receive their let- Kaduna informed their com- He called on the state HE Peoples Democratic Party (PDP) in Kwara State is ing together to observe a parts of our country bound ter and communicate with government and other north- in freedom, peace and unity. Mr. President. set to challenge the legality of the inauguration “Black Sunday” and let the ern states to allow the teach- of Transition Implementation Committees (TICs) in world know that never again “The horror perpetrated by The Yobe State chapter has ing of Christian Religious T shall politics be played with the radical Islamic Jihadists, condemned the crisis in Knowledge in schools, the 16 local governments. the blood and property of which gave birth to this Black Southern Kaduna. which had not been in Chairman, Mr. Iyiola Oyedepo, spoke in a statement fellow compatriots. Sunday is more than culpa- Chairman Rev. Jibrin practice before now yesterday after a meeting of critical party stakeholders. “We believe that all forms of illegality committed by the ruling All Progressives Congress (APC) should be challenged Six feared dead in insurgents attack in Yobe in court. “When the state government illegally extended the tenure IX persons have been From Duku Joel, Damaturu But a military source, who posted to Buni Yadi. of officials of Offa local government, we challenged it in feared killed follow- pleaded for anonymity, said Another source said the in- court. S ing Boko Haram at- close the number of casual- five soldiers and a captain surgents suffered heavy ca- “It was the decision of the government to nominate care- tack on the 27 Task Force Bri- ties on both sides. were killed. sualty as many bodies were taker committees into the 16 councils that rendered nugatory gade in Buni Yadi, Yobe Lt. Okupe said: “Buni Yadi He added that the insur- scattered in the bush. the action taken,” Oyedepo said. State. came under attack about gents came from the eastern “Nobody had time to start According to the chairman, the implementation of the TICs Spokesman of 27 Task 6.15pm, but things are under side of the brigade and counting their numbers be- was illegal and this informed the party’s resort to legal Force Brigade Lt. George control. “Casualty figure of launched superior fire cause we were busy pursu- process. Okupe, who confirmed the insurgents are yet to be con- power on the military for- ing the fleeing ones. But I “The decision of the state government to appoint the attack through a text mes- firmed; on locales, none for mation before they were re- must tell you that many of TICs to oversee affairs of our councils is unconstitutional sage, said the attack was suc- now, likewise own forces. pelled. them were killed, and their and, therefore, illegal. cessfully repelled by troops. However, details will be re- According to him, the cap- bodies scattered in the “Legal challenge as an instrument of political resistance in He, however, did not dis- layed to you soon.” tain, a doctor, had just been bush,” he said. opposition politics was part of what we discussed at the meeting. “We are armed with plethora of legal authorities that can be used to effectively stop them,” he added. The chairman noted that the party had perfected the legal papers and assembled a team of lawyers for the task. ASUU calls for prosecution of Agbulu’s killers HE Academic Staff From James Azania, Union of Universities Lokoja T (ASUU) has vowed to ensure that the suspected tors,” he said. killers of Miss Christiana Ag- According to him, the death bulu, a lecturer at the Federal of Miss. Agbulu was painful, University of Agriculture, not only to the family, but to Makurdi, Benue State, are all who knew her, including prosecuted. the university community. Addressing reporters at the He said: “If the weekend in Lokoja, Kogi government refuses to carry State capital, Zonal Coordi- out its functions as nator of ASUU, Prof. Ukooh demanded by law, the union David Ikoni, said the suspects will insist that they comply should be prosecuted in line with the provision of the law with the laws of the land. because we would not allow “We are appealing to rele- our colleague to die in vant agencies involved in vain.” this case to allow justice so Miss. Agbulu was buried at that maximum penalty is her home town in Ugbokolo, applied for the perpetua- Benue State, last Thursday. •From left: Commandant, Nigeria Security and Civil Defence Corps (NSCDC), Plateau State Command, Solomon Olasupo; Commissioner of Police, Peter Ogunyanwo and Gen. Rogers at the service…yesterday PHOTO: NAN Kano Airport runway okay, says Minister Lalong hails military’s peace effort HE Minister of State for Aviation, Senator Hadi Sirika, has said the runway and taxi pavement of the Aminu LATEAU State Gover- for defeating insurgency in pray, not only for the fallen urge you to continue to pray Kano International Airport are in perfect shape. nor Simon Lalong has the Northeast. I thank those heroes, but for retired and for us,” he said. T Sirika, who stated this yesterday during a facility tour to P praised the commit- who died in the process and serving ones. Gen. Rojas appreciated the airport, noted that the existing runway had the capacity ment of the military in de- pray God to grant their fami- According to him, the mili- Lalong for his support, which to carry all types of aircraft. fending, uniting and ensur- lies the fortitude to bear the tary personnel need prayers, according to him, was “The runway is okay, it is in good condition, we just in- ing peace in the country. loss. daily, to help them overcome instrumental to the prevail- spected it and we are happy with it,” he said. Lalong spoke yesterday “For those still serving, challenges on the job. ing peace in the state. The minister said the ongoing new terminal project at the during the Armed Forces Re- don’t be discouraged in de- Commander, Operation Rev. Fr. Cletus Ikpa, who airport was at an advanced stage, though the contractor did membrance Mass at Church fending us, because peace is Safe Haven, Maj.-Gen. Nicho- celebrated the Mass, prayed not give a definite date of completion. of the Immaculate Concep- better than war. las Rojas, said the day was a for the families of the fallen “The terminal building project is a very good job and I tion (CIC), Zaramaganda, Jos. “I praise President great one in the life of sol- heroes, ex-service men and think that with a little more push, we should be there and it According to him, the mili- Muhammadu Buhari for the diers. those still in active service. will be ready for completion. tary gave its best to keep defeat of Boko Haram; it He appreciated the people Ikpa particularly prayed for “We will discuss the completion date with the contractor Nigeria one, noting that some wouldn’t have been possible for their prayers, saying it those still fighting insur- and make it available to you. of them paid the supreme without his commitment as helped to restore the peace gency in the Northeast, ask- “This is purely a federal airport so there is no need for any price in the course of duty. the Commander-in-Chief.” being enjoyed in the state. ing God to protect them as kind of contribution from the state government. This tour of His words: “I want to par- The governor noted that the “We count on your support they fight to protect the de- the facility is to ascertain the level of work done at the ticularly praise the military mass was an opportunity to for peace in Plateau and we fenseless. airport,” he added. 42 THE NATION MONDAY, JANUARY 9, 2016 NEWS N15m gone as fire razes Ebonyi mechanic village N early morning fire smoke yesterday, when our day Nworie, was in tears. denied the allegation. parts have enough space from has destroyed eight From Ogochukwu Anioke, reporter visited the village. The trader said the fire start- The artisan said he did not those making fire-related busi- Acars and motor spare Abakaliki There was smoke from cars, ed from a nearby workshop use such materials. nesses. parts estimated at over N15 tyres and spare parts in some where apprentices might have He described the incident as The Chairman of the village million at the Mechanic Vil- have spread to other parts of workshops. forgotten to put out burning unfortunate. Nwadume said Mr. Erasmus Nwaojiji said his lage in Abakaliki, the Ebonyi the village but for the quick The owners and sympathis- firewood for refurbishing car he lost tyres and other spare management committee had State capital. intervention of the fire service. ers stood in clusters, shock absorbers. parts estimated at several thou- done all it could to enforce the It was gathered that the fire, The scene was covered with watching helplessly. But the owner of the work- sands of naira. decongestion and removal of which started at 1 a.m, would One of the victims, Mr. Sun- shop, Mr. Livinus Nwadume, The owner of a workshop inflammable materials but to where five cars were destroyed no avail. Mr. George Brother said he He hailed the state fire serv- had informed the owners ice for its prompt response. about the damage. The chairman sought gov- He urged the government ernment’s help to the victims to expand the mechanic vil- to enable them start life lage to enable those selling car again. ‘Boko Haram may shift base to Southern Kaduna’ •Police repel fresh attack on Tsonje

ENATOR Danjuma From Abdulgafar Alabelewe, La’ah (Kaduna South) Kaduna has expressed fear that S young ones with arrest as they Boko Haram insurgents might shift base to Southern Kadu- lay watch over their commu- na. nities. He spoke as suspected Fu- “I am bringing this curious lani herdsmen at the weekend development to the attention reportedly launched an attack of the Nigeria Army authori- on Tsonje, but the attack was ty and to the public to appreci- repelled by policemen after ate the grave condition under almost 24 hours of gun battle which parts of my constituen- between the attackers and the cy have found themselves. security agents, supported by “As you may have been in- arms bearing youths. formed, Ninte, Akwa, Golgo- • From left: Governors Abubakar Sani Bello (Niger); Abdullahi Umar Ganduje (Kano) and Willie Obiano (Anambra) after a Two people were said to fa, Gada Biyu, Anjul have al- meeting with President Muhammadu Buhari at the Presidential Villa in Abuja. have died during the gun bat- ready been dominated and in- PHOTO AKIN OLADOKUN. tle and and two others miss- habited by these Terrorists af- ing. ter many of the villagers were Senator La’ah who con- killed, the villages plundered firmed the incident in a state- before being set ablaze since Opposition’s broom has nowhere to sweep ment yesterday, said, “death May last year. As of Today, the BONYI State Governor and nobody else.” of the two men, identified as terrorist have moved in to David Nweze Umahi in Ebonyi, says Umahi Umahi said his purposeful Ephraim Ezekiel, 19, and Josh- these communities - The un- has said no opposition leadership which, according to ua Ladi, 41, occurred after an harvested crops of the villag- E almost 24-hour gun battle be- ers that have fled, have become party can sweep victory in any him, is anchored on God, had madu Buhari. ber in the state. tween the terrorists on one food for their cattle. part of the state. Umahi, according the state- The President, the governor brought peace and made it Umahi spoke when a dele- impossible for other parties to hand and the Nigeria police “Also, Passakori, Mile 1 and ment, said: “When you have a noted, held Ebonyi with deep and local vigilante as the Fu- Unguwan Missisi all on the gation from Ohaozara, Onicha broom in Ebonyi State, where affection, unlike other APC exist in the state. and Ivo Federal Constituency The governor urged the lani terrorists tried to overrun ever busy Kagoro-Gidan will you sweep? Is there any members from the state who a village called Tsonje”. Waya road in Jema’a LGA as well as stakeholders from place to be swept? Is Ebonyi not he said did not care about the people not to be deceived by Onicha-East Constituency in those he said had the opportu- The Senator who likened have been annexed and are clean? Is Ebonyi not neat? welfare of the people. the Southern Kaduna inci- now abodes of the terrorists. Ohaozara Local Government “There is nothing to sweep. Pledging the unflinching nity to help others but cared Area visited him for the New for themselves alone. dents to Boko Haram insur- “That is not all, the world They have to take it (broom) to loyalty of the residents to the gency in the North East, said has remained silent or has for- Year homage. places that are dirty and contin- Buhari administration, Uma- Umahi said: “We have seen The governor said his efforts the need for unity in Ebonyi the insurgents were likely to gotten the killings of persons ue their sweeping. But in Eb- hi said the only vote APC shift base to Southern Kadu- and the subsequent displace- to transform the state had made onyi State and because of the would get in the state would State. We’ve seen the need for it impossible for the broom to equity and fair play in the land na. ment of communities kind of people in APC, our peo- be for the President. According to him, “I have likeý Kirim, Zakum, Mayit, attract the residents. ple doing handiwork have re- He said: “I have always said of Ebonyi. God is helping us Umahi, who was apparently so much in this direction. been reliably informed that Agwom, Zakai Gira, Telak fused to produce brooms again. that APC is one man, and that’s after the terrorists retreated to Tunga and Magwot. referring to the All Progres- So, there are no brooms in Eb- the President. The President is That’s why we have peace in sives Congress (APC), whose Ebonyi State, and that’s why their well known camp behind “Fulani Terrorists have onyi State because we have a man with good character. Pasakori community at the since taken over these villag- symbol is the broom, added made everywhere very clean. That’s why we are supporting there is no other party. jocularly: “Our people doing “Some politicians have been foot of Kagoro mountain, a few es located strategically on the “When you’re walking on him and he is supporting Eb- kilometres away, two other Attakad hills, in Moroa Chief- handiwork have refused to our roads, you will be seeing onyi State. The state is very dear deceiving our people for years. produce brooms again.” Every time they deceived our persons have also been de- dom, Kaura LGA. yourself because the light will in the heart of the President, clared missing. “I am making this public to A statement at the weekend be on. So, you will be seeing but not in the hearts of the people, they had the opportu- by his Chief Press Secretary, nity to buy houses in Abuja. “Information reaching me alert the world of a possible your shadow on the road. There masqueraders who have not from around the troubled ar- re-grouping of Boko Haram Emma Anya, quoted the gov- is nothing to sweep.” given anybody a piece of chalk. Who have they sent to school? ernor as saying the only recog- Who have they paid their eas have affirmed that despite Terrorists with Fulani herds- The governor hailed Presi- “If APC will get a vote in the large presence of troops of men terrorists in Southern nisable APC member in the dent Buhari, saying he was the Ebonyi State, it will get the school fees? The time of deceit state was President Muham- is gone.” the Nigeria Army that have Kaduna. They are now con- only recognisable APC mem- vote for the President alone been drafted to assist the Po- quering large swaths of lands, lice in battling these terrorists, and have now established a Jammeh: Buhari to host West African leaders not a single soldier was draft- base behind Passakori. This ed to assist the police and the was how Boko Haram started RESIDENT Muham- From Augustine Ehikioya, as, who is co-mediator, Libe- The statement added: “The local vigilante, in spite of spo- in 2009. madu Buhari will today Abuja rian President Ellen Jphnson- meeting in Abuja is following radic gun fire that could be “I am appealing especially P host four West African munity of West African States Sirleaf, Senagalese President the one in Accra on the side- heard for kilometers away to the Nigeria military, whose leaders to a meeting aimed at (ECOWAS). Macky Sall and the Sierra Leo- lines of the inauguration of and throughout the onslaught gallant achievements in dis- avoiding violence and pre- According to a statement by ne vice president. that country’s President which from Friday morning lodging Boko Haram terror- serving democracy in The the Senior Special Assistant on The team is expected to en- expressed the readiness of the to Saturday morning. ist is being praised and hailed Gambia. Media and Publicity, Garba sure the safety of President- leaders of the sub-region to “This is a very sad develop- nationwide, to step in and as- The meeting is in line with Shehu, Buhari, those to attend elect Adama Barrow and en- continue the pursuit of dia- ment. I had earlier praised the sist the Police. his mandate as the mediator are the immediate past Presi- sure a peaceful handover of logue with the leaders of The Federal Government when “Again, I call on all South- picked by the Economic Com- dent of Ghana, John Mahama power on January 19. Gambia.” these troops were first de- ern Kaduna residents to give ployed to Southern Kaduna their maximum cooperation sometime last week. I had ab- to the police, security opera- BBOG demands urgency in release of remaining Chibokgirls tives, the Nigeria military and EMBERS of the From Grace Obike, Abuja 1000th day since the Chibok tiate over and that the govern- solute confidence that the Ni- geria Army will quickly put an all personnel legitimately de- #BringBackOurGirls #BBOG which accused the Girls abductions, it may come ment itself was willing to ne- ployed to secure us. (#BBOG) advocacy as no surprise that we will be gotiate. end to this wild and cruel on- M Federal Government of abso- slaught which have not only “Southern Kaduna natives embarking on a Global Week “This was followed with group have demanded urgen- lute silence since its promise, ravaged but laid to waste and all residents must under- cy in the release of the remain- in a letter signed by leaders of of Action to compel further absolute silence which was stand that the threat to take action towards the release of only broken by the announce- peaceful and law abiding com- ing Chibok schoolgirls.. the group Oby Ezekwesili and munities; and as I speak, Fulani over their lands by force is not The group also reminded Aisha Yesufu, #BBOG said the our 195 girls. ment of Rakiya Abubakar’s mere speculation or rumour. “It should be remembered recovery. It is our desire that terrorists are still occupying the government of the prom- group would be embarking several villages in Southern Everyone must be ready to ise it made10 weeks ago of its on a Global week of Action to that when the 21 Chibok girls the release of all our remain- sacrifice and assist in securing returned 10 weeks ago, the ing Chibok girls be treated Kaduna. willingness to negotiate with compel further action towards “Instead, I only get reports his/her community through Boko Haram for the release of the release of the remaining Nigerian government said with the urgency that the situ- committed cooperation with that it understood that there ation of a prolonged abduction of soldiers brutalising South- 83 more Chibok girls after the 195 girls. ern Kaduna natives; intimidat- the constituted authority in return of the 21 girls. They stated, “With the were 83 more girls that Boko of young schoolgirls de- place,” he said Haram was prepared to nego- mands.” ing and threatening our brave THE NATION MONDAY, JANUARY 9, 2017 43 NEWS Four killed as Palestinian rams truck into Israeli soldiers PALESTINIAN attacker “supported” the Is- ers at the scene. attack, they fired in the direc- the rear drive through a group Bodies were later covered in rammed a truck into a lamic State group, though he “They got off the bus, and as tion of the vehicle,” army of soldiers standing next to a sheets. A group of Israeli sol- provided no details on what led they were getting off the bus spokesman Moti Almoz said in bus. “I saw a truck that went on diers visiting a popular tourist to the finding. and getting organised, he took a statement. The driver then pulls off to the side of the road. Soldiers spot in Jerusalem yesterday, Chaos broke out at the scene advantage.” Multiple bullet holes could the side and tries to reverse starting shooting... There were killing four and wounding 17 when the truck ploughed After claims from some that be seen in the windshield of the back towards where the sol- orders and screaming every- others, authorities said. through the crowd, with hun- soldiers were slow to react, truck. diers were hit before the truck where. They told them to hide The driver was also killed at dreds of soldiers having arrived Israel’s military distributed a Israel’s military said four sol- eventually comes to a stop. behind the wall because there the location overlooking holy there as part of a tour for troops video of one of its troops say- diers were killed and 17 The video showed visitors, was fear of another attack.” sites such as the Dome of the about the history of Jerusalem. ing he shot after realising it was wounded. Medics reported that including soldiers, running for Netanyahu later visited the Rock and providing one of the “A lone terrorist drove his not an accident. three of the dead were women, cover as the incident began. scene. most spectacular views of truck into a group of soldiers “An investigation is under- while all four were in their 20s. Jerusalem. standing on the side of the way but this attack lasted sev- Video said to be of the inci- Israeli Prime Minister Ben- road,” police spokesman eral seconds and once the sol- dent being shared online shows jamin Netanyahu alleged the Micky Rosenfeld told report- diers understood that it was an a flatbed truck with a crane in

•Security agents and rescuers at the scene of the deadly attack. Obama admits underestimating impact of Russian hacking RESIDENT Barack •Trump accepts U.S. intelligence on attack after a victory by the real es- Obama yesterday ad- tate billionaire appeared pos- mitted that he “under- agencies released an unprec- think are accelerating.” sible, the report from the Di- P edented report saying Russian Obama ordered the intelli- estimated” the impact misin- rector of National Intelligence formation and hacking can President Vladimir Putin or- gence report, released to the said. have on democracies, a remark dered a campaign of hacking, public Friday, partly “to make Trump, who met the that follows an intelligence re- leaking, and media manipula- sure that we understand this is country’s leading intelligence port on Russian meddling in tion aimed at undermining the something that Putin has been agency chiefs to hear the full the US presidential election. presidential campaign of doing for quite some time in report, has accepted the possi- In an interview on ABC’s Democratic candidate Hillary Europe, initially in the former bility of Moscow’s involve- “This Week,” Obama also Clinton and boosting Trump. satellite states where there are ment in hacking U.S. targets, warned his Republican succes- Although Obama said he a lot of Russian speakers, but including the Democratic Na- sor Donald Trump, who takes was not taken in by Russian increasingly in Western de- tional Committee, but rejected office in less than two weeks, hostility to the United States, mocracies.” the conclusion that Russia in- about the difference between “I think that I underestimated “We have to pay attention,” terfered in the election. governing and campaigning, the degree to which, in this new he said of upcoming elections He has also ridiculed U.S. in- saying the president-elect information age, it is possible in European ally nations, warn- telligence agencies over their won’t be able to run his presi- for misinformation for cyber ing of possible interference. findings and promised he dency “the way you would hacking and so forth to have Russia initially aimed its would establish closer ties to manage a family business.” an impact on our open societ- unprecedented cyber cam- Moscow. The interview, which was ies, our open systems, to insinu- paign at damaging a potential Obama urged him “to de- taped Friday, took place the ate themselves into our demo- Clinton presidency, and then velop a strong relationship with same day that US intelligence cratic practices in ways that I turned to supporting Trump the intelligence community.” Ex-Iranian president Rafsanjani dies at 82 ORMER Iranian presi- quoted as saying by the agen- parliament for two consecu- sentence”, or fatwa, handed dent Akbar Hashemi cies. tive terms until Khomeini’s down to writer Salman F Rafsanjani died in hos- Rafsanjani was born on Au- death in 1989. Rushdie by Khomeini. pital yesterday after suffering gust 25, 1934 in the village of Rafsanjani’s presidency, a After serving a maximum a heart attack, the ISNA and Nough in southern Iran into a breathing space after the end two consecutive terms, Fars news agencies reported. wealthy family. of the 1980-88 Iran-Iraq war, Rafsanjani played an impor- Rafsanjani, who was 82, was He studied theology in the was marked by reconstruc- tant role in the election of the a pivotal figure in the founda- holy city of Qom before en- tion, cautious reform and re- reformist Mohammad tion of the Islamic republic in tering politics in 1963 after the pairs to Iran’s relations with Khatami, who succeeded him 1979, and served as president shah’s police arrested the its Arab neighbours. as president from 1997 to 2005. from 1989 to 1997. founder of the Islamic repub- But it was also marred by Rafsanjani sought a return He had been admitted to the lic, Ayatollah Ruhollah human rights violations, ram- to the presidency in 2005 but Shohadaa Hospital in north- Khomeini. pant inflation and difficult re- lost to hardliner Mahmoud ern Tehran, one of his rela- A confidant of Khomeini, lations with Europe, not least Ahmadinejad in a conserva- tives, Hossein Marashi, was Rafsanjani was the speaker of with Britain after the “death tive backlash. It was a bitter defeat, but Ivory Coast unrest: Calm returns after two-day mutiny rather than retreating from public view, he remained in the REBELLION in Ivory though details were scant. went on national TV on Satur- limelight. Coast over soldiers’ A correspondent for AFP day night to announce a deal. A pay appears to have news agency in Bouake said “I confirm that I have agreed passed. yesterday that there had been to take into account the de- Residents and correspon- no firing there since Saturday mands of the soldiers over bo- dents in the second city, evening. nuses and better working con- Bouake, reported that calm has “Traffic has resumed this ditions,” he said. At the same return to the streets - a day af- morning and the shops have time he criticised the rebel- ter troops briefly seized the de- reopened.” lion.” fence minister. The mutiny began in Bouake The rebellion had spread early on Friday with soldiers from there to other cities, in- firing rocket-launchers. On Sat- cluding the commercial hub, urday, soldiers took over the Abidjan, but that city, too, is army headquarters in Abidjan. now quiet. Protests also took place in the A deal was struck between cities of Man, Daloa, Daoukro, the mutinous soldiers and the Odienne and Korhogo. government on Saturday, President Alassane Ouattara 44 THE NATION MONDAY JANUARY 9, 2017 THE NATION

E-mail:- [email protected] ONDO POLITICS There will be a change of baton in Ondo State next month. Governor Olusegun Mimiko will bow out of office after the expiration of his two terms of eight years. Correspondent DAMISI OJO highlights the challenges that will confront the Akeredolu administration and people’s expectations about the new dawn. OTIMI Akeredolu, lawyer which has been in darkness for close and former President of the to four years”. RNigerian Bar Association Adekanle also charged the new (NBA), is warming up for the task of governor to make sure that salaries governance in Ondo State. On Feb- are paid to workers and pensions to ruary 24, he will receive the mantle retirees, in fulfilment of his cam- of leadership from Governor paign promises. He also enjoined Olusegun Mimiko, who is bowing him to renovate the abandoned pri- out after spending eight years in of- mary schools and convert the mega fice. Can the All Progressives Con- schools built by Mimiko to hospi- gress (APC) chieftain make a differ- tals to boost medical delivery serv- ence in the Alagabaka Government ices in the state. House? He added: “The Ondo State The governor-elect is a lucky man. Radiovision Corporation (OSRC) He will not be diverted by pro- should be restructured as it is a ghost tracted litigations, unlike his pred- of itself. A panel of enquiry should ecessor, who was in court for 22 be set up to ascertain the true posi- months fighting to reclaim his sto- tion of the Outside Broadcasting Van len mandate. It is evident that he will (OB Van)that was bought for the co- savour a smooth transition. He has operation at a whooping cost of made peace, in the interim, with N400m that never worked for a day. Mimiko by trying to commend his “The Dome should be privatised achievements. Various committees immediately to boost the IGR of the saddled with the transition assign- state and finally, Akeredolu should ment have swung into action. not be sectional in his appointments. However, the new governor will He should look for good hands to inherit some challenges. Akeredolu help him in the management of the is assuming the reins in an atmos- state. Not like the immediate gov- phere of a malevolent economy. He ernor that has five of his siblings in will have to contend with dwindling sensitive and lucrative agencies as federal allocation and internally heads despite that they are not capa- generated revenue. Labour dispute ble of being in such office. may be imminent, unless efforts are A Special Assistant(SA) to Gover- made to quickly paid the seven nor Mimiko on Social Media, Sun- months salaries owed to public day Menukuro, said Akeredolu workers. The intra-party struggle for should expect agitations for employ- slots in the State Executive Council • Akeredolu (left) receiving hisCertificate of Return from an official of the Independent National Electoral Commission ment from the people because of the may generate tension. Beneficiaries (INEC) in Abuja, the Federal Capital Territory (FCT), while his wife, Betty, looks on. high rate of unemployed graduates of on-going projects will agitate for roaming the streets. their completion. He should also settle outstanding Next month, the APC will become salaries of public servants and build a ruling party. Following the con- on various laudable projects of troversial primary, it became a po- Mimiko’s administration, rather larised platform. Some chieftains are Akeredolu: New era than scrapping it, he added. still aggrieved. Automatically, the The deputy governorship candi- governor becomes the party leader date of the Social Democratic and arrowhead. The question is: can Party(SDP), Erelu Modupe Akindele Akeredolu unite the party? of great expectations Martins, urged the incoming admin- Many stakeholders have described istration to pay workers outstand- his victory as an act of God. The le- ing salaries and give priority to in- gal luminary has had his baptism of stakeholders before the inaugura- have spoken on their expectations an Owo man would humiliate dustrialization. She also called for fire twice. As the governorship can- tion and submit a report on Febru- about the new government. Akokos to become a reality. “All the implementation of 35 per cent didate of the defunct Action Con- ary 20. Other committees include the A monarch in Akoko Northwest, moribund industries across the state mandatory right for women in the gress of Nigeria(ACN), he failed at Inauguration Committee headed by Oba Olusegun Atibioke, urged should be revamped to facilitate em- sharing of political positions. the poll four years ago. There was Chief Jamiu Ekungba, the Strategic Akeredolu to see Mimiko as a part- ployment opportunities,” he added. A former Commissioner for Trans- no primary in 2012. Party leaders, Policy and Implementation Com- ner in progress, stressing that gov- A commentator, Olujimi port, Otunba Omoniyi Omodara, including Asiwaju Bola Tinubu and mittee, the Information and Media ernment is a continuum. According Adekanle, said the in-coming ad- charged Akeredolu to complete vi- Chief Bisi Akande, ensured that he Committee, Agriculture and Natu- to the royal father, Akeredolu ministration should carry out a ho- able on-going projects, improve the emerged as the flag bearer on merit. ral Natural Resources Committee should be more closer to God than listic staff audit of the civil service to health sector and allow local gov- But, Akeredolu came a distant third, and the Education, Science and Tech- the people for God to direct him ascertain the true number of staff. ernments to operate independently trailing Chief Olusola Oke of the nology Committee. positively. He urged the governor- He noted that the figure was over to ensure better service delivery to Peoples Democratic Party (PDP) and Akeredolu reiterated his commit- elect to offer improved welfare bloated by the past administration. the grassroots. Mimiko, who won a second term. ment to the development of the state package for the people, particularly Also, Adekanle urged Akeredolu to A retiree, Alhaji Ibrahim Kilani, However, his victory in last year’s and welfare of the people. He prom- traditional rulers and public serv- probe the Wealth Creation Agency urged Akeredolu to assemble election has implications for the pro- ised to uphold the cardinal princi- ants. He also urged him to sustain (WECA), alleging that it was charac- trusted politicians and seasoned tech- gressive bloc in Ondo State. It could ples of the APC and serve the state religious harmony in the state. terised by fraud. nocrats into his cabinet. He also be said that progressives are now with all his strength and vigour so A community leader,Chief His words:” It was on paper that called for autonomy for local gov- back in power after the exit of Gov- that it can become the envy of other Owolabi Abanikannda from Oke- N2b was spent on palm seedlings in ernment councils. He said the free ernor Adebayo Adefarati, who rule states. Agbe Akoko, advised the incoming 2011. The governor-elect should ask shuttle bus system for school chil- the state between 1999 and 2003. This Kupolokun urged the governor- APC government to give priority them where the palm trees are? Also, dren initiated by Mimiko should be may also be the crux of the matter. elect to look beyond the monthly to water supply in Akokoland and what the agency did with the N2b sustained. The APC has progressive policies federal allocation, saying that it other parts of the state. He lamented naira agriculture funding from CBN All Progressives Congress(APC) and programmes, unlike the con- could not cater for the needs of the that the Awara Water Project in in 2015. chieftain Adebowale Akinlosotu ad- servative platforms that have state. He said: “The era of total reli- Ikare-Akoko has failed to yield the “The destruction of Owena Motels vised the governor-elect to provide bestrode the state for 15 years. ance on monthly federal allocation desired result. Besides, Abanikanda for Shoprite while the last govern- enabling environment for agricul- Following the emergence of has gone. Hence, the need for the called for the recruitment of more ment refused to use the idle trade ture, enterpreneurship, technology Akeredolu as the governor-elect, his state to develop means of generat- health and para-medical workers fair complex, which is just 200me- and infrastructural development. Owo country home has become a ing funds to cater for the needs of and the completion of the Oke- tres away from Owena Motels. Who He also urged him to empower the ‘Mecca’ of sorts, particularly for those the people. It is therefore, important Alabojuto-Ikare-Oyin-Okeagbe are the owners of the shops in youths through skill acquisition and looking for political patronage and for the incoming administration to Road flagged off by Mimiko. Shoprite? micro-credit loan. appointments, although he has look inward for ways of generating The community leader pleaded “Akeredolu should, as a matter of A petty trader, Funmilayo Salami, maintained that he has not prom- money to run the affairs of the state.” for the regular payment of salaries urgency, approach the Benin Electric- urged Akeredolu to govern with hu- ised anybody any position. Stakeholders, including tradi- to workers and stipends to pension- ity Development Corporation man face. But, his pre-inauguration ad hoc tional rulers, community leaders, ers. He said the governor-elect (BEDC) for the restoration of light According to her, the manner the appointments are a pointer to bi- traders, politicians, and artisans, should not to allow the notion that to the Southern Senatorial District, outgoing government has been gen- partisanship. Akeredolu has ap- erating revenue is too harsh on low pointed Former Group Managing income earners, especially petty trad- Director of the Nigerian National Pe- ‘Akeredolu reiterated his commitment to the development of ers, shop owners and road transport- troleum Corporation (NNPC) ers. Funsho Kupolokun as the Chairman the state and welfare of the people. He promised to uphold the Besides, she called for the consti- of the transition committee. He has tution of Commodity Price Control charged the technocrat to ensure a cardinal principles of the APC and serve the state with all his Board to regulate the rising cost of smooth transition, meet relevant strength and vigour so that it can become the envy of other states’ goods in the market. THE NATION MONDAY JANUARY 9, 2017 45 POLITICS Factional National Deputy Chairman of the Peoples Democratic Party (PDP) Dr. Cairo Ojougboh spoke with EMMANUEL OLADESU in Lagos on the protracted crisis in the opposition party and how to halt the logjam. How peace can return to PDP, by Ojougboh HAT is the state of affairs these crises in the PDP. But, basically, have to lose your position to re-con- mean the whole of the PDP people, in the PDP at the moment? the NWC in the last six months we test; it is unfair, unconstitutional. In all of them are working for the APC? W Our party is very, very sat down, set up committees to look fact, it runs against the constitution That is the question. There were six strong. The National Working Com- properly at the way of repositioning of the Federal Republic of Nigeria, governors in the zoning committee. mittee (NWC) set a committee on the party and to review the constitu- because even the governor and the The six governors endorsed Sheriff mobilisation and strategy and they tion of the party and then we came president produced by the party, they and endorsed the zoning project. So, went round the country and when up with three major additions to what don’t abdicate their office for them to you mean it is the APC? So, my very they submitted that report, they said we agreed in May. Number one: that re-contest. And then members of the good friend, my answer has always the party is very strong at the grass- after governors has done their sec- National Assembly, they don’t abdi- been that it is not President Buhari roots; that the party is well repre- ond terms and presidents too and cate their offices for them to also re- and the APC that sourced and zoned sented in every ward in the 774 local party chairmen, in the subsequent contest. So, what is good for the goose the PDP chairmanship to Sheriff and governments in the country and that election and primaries, no governor is also good for the gander. that the coming of Sheriff is a bless- the people are desirous of the PDP or president or party chairman would What’s your view about the im- ing to multiparty democracy in not putting its house in order, so that they be allowed to adopt any candidate. pression that Sheriff is a mole in PDP just the PDP, but in Nigeria because • Ojougboh can strategise and get ready for elec- Any candidate who is adopted by a and that he is just there to ensure that today we now know that people can president, by a governor would be the APC comes back in 2019? ask questions and we are very happy tion as quickly as possible. That is bounce back? the state of the party. disqualified from the party. This is to I’ve answered this question over 50 with the teeming grassroots. ensure that all party members have a times in the course of the last one How do you feel that most state Of course, some lessons were learnt With the protracted crisis that has in Ondo and Edo states, especially in bedeviled the PDP for some time, do say in producing the party leaders in month. The answer is very simple – executives do not pledge allegiance the following election. Sheriff was sitting in his house when to Ahmed Markafi and not to your Ondo. In Ondo, it was clear that the you think the party still has a future? masses, the people sent a message to Well, we are optimistic that the We have also taken a critical look Governor Fayose and Governor executive? at the composition of the National Wike went to invite him to become Have you ever heard any state gov- the PDP that never again will any Court of Appeal will give its judg- governor adopt a candidate and not ment very soon. The court adjourned Convention. What we feel is that both the Chairman of the party. Governor ernor come to say he is not with Ali present and past members of the Na- Fayose and Governor Wike gave him Modu Sheriff? allow for a free contest. Number two for judgment and you know that they lesson, never again will somebody have a period of 90 days within which tional Assembly should be members three months to be in office. At the Yes. A number of them have said of the National Convention. This is end of three months, they went to so… come from another party and then to come up with their judgment. As I you give him the entire structure of have always said, there will be no because for a person to rise to the Sheriff, they said, Chairman, you Nobody! level of National Convention espe- have repositioned the party; look at Which governor can you now point the PDP; it should not happen again, legal solution to the problem of the because as soon as Mimiko returned PDP; but the legal solution is a prel- cially the House of Reps and the Sen- the number of agbada in the PDP at that is with you? ate, you know as it is constituted; you Wadata Plaza; you are the only per- I will not because, you see, because to the party, every member of the ude to a political solution. So, as soon PDP left and they left with Oke. Oke as the Court of Appeal gives its judg- cannot be doing a National Conven- son who can lead this party to the of the political nature of this argu- tion and you exclude the person, a promise land, we therefore want you ment, I don’t want to call anybody, secured 125,000 votes in the last elec- ment, a general meeting will be tion, the PDP secured 155,000 votes called where everybody will know super delegate. If such persons know to continue. Governors Wike and but go and meet any governor, ask that they are so recognised, they will Fayose, they set up a convention com- him to go and condemn Sheriff. Sher- and the APC scored 250,000. The votes his right and then, we will all sit given to Oke are all PDP votes. If Oke down in a room and we will take it all assiduously work for the party. mittee and they made Governor iff’s daughter wedded a few days ago; And these are leaders that at all times Udom Emmanuel of Akwa Ibom the did you see what happened in Borno? didn’t leave and Mimiko was able to from there. I am very optimistic that manage his coming back into the PDP the National Convention of the party muster votes for their people. We’ve Chairman of the zoning committee. And let me tell you, all political ma- also proposed that at least, one mem- The zoning committee, in their wis- jors in the whole of the Northeast and as a sportsman, we won’t be where will hold within the first quarter of we are today. So, that is the lesson 2017. That is the way I look at it, be- ber each from each state, one senator dom, went to Sheriff and said: Sir, we the country, they were there. There and one member of House of Reps are going to zone the chairmanship was a dinner organised for the recep- learnt there. And, again, things have cause people have talked about mega to get worse for it to get better. party. Of course, the PDP is a brand should join the National Exco. Usu- of the party to you. So, we are zoning tion last Sunday in Abuja. Almost all ally, it was one member of House of it to the Northeast and to Borno espe- the governors were there and let me Does Sheriff have presidential and a lot of leaders have rejected the ambition? issue of a mega party; they have Reps and one member of Senate from cially. The Northeast met, they said tell you what is going on in the PDP the zones. But, this time, we’ve in- look, Sheriff we have endorsed you – if Sheriff and the NWC do not have I am not in his mind; he has never talked about change of name. Of discussed that with me. But, it is his course, the founding fathers have said creased it, so that a member each from to continue as chairman of the party the backing of majority of the the Senate and the House of Reps at the zonal congresses. stakeholders, we would have said right to have a presidential ambition that the reason they are keeping quiet if he so wish. But, that is why we are is for the people of impunity to leave would be members of the NEC, be- My very good friend, so you mean look, we are not wanted; we will go. cause we want to make the NEC large the whole of the Northeast, you But, every member, every also putting in the constitutional the party and they will return. amendment that no chairman of the They’ve said look, that the slogan of enough to carry the opinions of the mean the whole of the governors, you stakeholder in the PDP is waiting for people, so that decisions of NEC will Sheriff to win in the Court of Appeal. party can adopt anybody. So, if has, the party is Power to the People. In fact, he’s already checkmated. So, he can- it was Bamanga Tukur who said it reflect the thinking of the people. They know that what Markafi has These are the three major things we ‘We are optimistic done is illegal. In fact, any right think- not adopt himself and the NWC will when we visited him some few days not adopt him; no party organs will ago and luckily, he too is in touch believe should be included in the next that the Court of ing Nigerian knows that that Care- NEC we are convening and once that taker Committee is illegal and that adopt him. That is the essence of these with most leaders of the party and I Appeal will give its amendments in the constitution. So, am of the opinion that they will not is approved, we will take it to the politics has changed. If you begin to National Convention and once recti- parade names and carry them, we that is not a problem at all. accede to change of name and that is judgment very soon. Does the PDP has the potential to the general conclusion. fied, we will also work on it. don’t bother you. What we parade is Then the final one we are also The court adjourned the masses that we have returned the upstage the APC in 2019? When you talk about the NWC, The APC, as I have always said, is how did the members come into amending is that if you are a mem- for judgment and you power to. Before now, no member in ber of the NWC, a member of the this country can stand up and speak, not a party yet. There is only one place, because we are not aware that party in Nigeria and that is the PDP. they held a convention? State Exco, or a member of the party know that they have a but today we have given freedom to executive anywhere and you want to everybody. So, you can see all of them, This is because if you were to put the The NWC is still in place, because period of 90 days APC in a basket, you can very easily their tenure will expire sometime in return to office after your first ten- from state to state, all of them are ure, you should not necessarily re- talking now and then, they are now in the basket pick out the CPC, the 2017, according to the court judgment within which to come ACN, the ANPP and the APGA fac- of Mohammed J. of Abuja, and then sign from office, because if the entire associating with the PDP. country vote for you to be the chair- up with their The fortunes of PDP have dwin- tion. You can also pick out the PDP also the interlocutory order of Buba elements in the APC basket. But, the in Lagos. And then it was only the man of the party and then because judgment’ dled, especially with the recent loss you’re a chairman of the party, you of Ondo State. Do you think it will PDP still remains one; that is what Liman judgment that brought all you have to see. Former Ekiti State Commissioner for Works and All Progressives Congress (APC) governorship aspirant Chief Oladiran Adesua spoke with ODUNAYO OGUNMOLA in Ado Ekiti, the state capital, on his ambition to rule the Fountain of Knowledge. ‘APC must field best candidate to win in Ekiti’ who constitute your party. You factionalised… doing the flyover. But, whether reason we lost that election. must have the knowledge of the What you call intra-party crisis or not he has got his priorities Therefore, the lessons to be learnt problems of Ekiti first hand. And is not peculiar to Ekiti APC. But I right is the issue. However, per- are that those who are elected you should know the potentials don’t believe that the party is sonally, my priorities will dif- must be on the same page with of Ekiti. For instance, the great- factionalised. The crisis that you fer from his. More importantly, the people. The party must avoid est problem confronting the state are talking about is a tendency in terms of the overall welfare a repeat of that defeat by electing is unemployment. There is no that happens when you are not in of Ekiti citizens, I will score him those who are loved by the peo- village in Ekiti that you won’t government. You can understand zero. I was formerly a civil serv- ple. find at least five unemployed the frustration of people. I can as- ant. I could not have imagined Given what happened in Ondo, graduates. So, to me this is a great sure you that immediately the that workers could be owed do you still have confidence in problem that must be tackled very formidable aspirants start seven months salaries, pension- the Odigie-Oyegun-led leader- headlong. Remember the saying to show up, those tendencies will ers more than seven months and ship to conduct a credible primary that an idle hand is the devil’s naturally cease to exist. I know gratuities have not been paid in in Ekiti? workshop. It will interest you to of a fact that we don’t have in- four years. This is more than hard- Our party did what was right in know that you can’t access the tractable crisis in our party, be- ship. The state is regarded as a Ondo State. I have been in poli- • Adesua roads leading to Ekiti from out- cause we are a big family. As civil servants’ state. Therefore, tics long enough to know that side and without good road lead- time goes on, the issues would monthly salaries go a long way when primary is conducted, some HY do you want to ing to the state you cannot expect be resolved. to grow the economy. I want to people are bound to be ag- govern Ekiti State? development to happen. Also, What is your assessment of the believe that it is only by the grace grieved. There will be allegations W I think I am not only electricity supply in the state is Ayodele Fayose-led govern- of God that they are surviving. and counter-allegations. As time good for the job, like others, I am bad. For the APC to provide good ment? Why did the APC lose the last goes on, such would be resolved. better because unlike others there leadership in the next dispensa- In answering your question, I governorship poll in Ekiti? Today in Ekiti, we have about 20 are four qualities a person aspir- tion, it must field the right candi- will be biased. Nevertheless, let Our party lost that election be- aspirants, but with time, it will ing for the post must have. You date like me. me start by saying that in terms cause there was a total disconnect be streamlined. My faith doesn’t must know Ekiti like the palm of Less than two years to the gov- of infrastructure, he is doing between the government and the lie in Odigie-Oyegun, but in the your hand. You must be knowl- ernorship poll, the APC remains some work here and there. He is people. That was basically the delegates who will vote in Ekiti. edgeable about the stakeholders 46 THE NATION MONDAY, JANUARY 9, 2017 SPORT EXTRA AFCON 2017: Groups, Predictions for African Championship in Gabon

ROUP A: Gabon, Burkina Faso, Ahead of the start of the 2017 Africa Cup of Nations (Afcon) on Saturday, this is a group-by- G Cameroon, Guinea- Bissau group guide and prediction which two nations will likely progress to the knockout stage. ing a quarter-final, as the Yes, Cameroon are heavy- invitations to attend this Na- eran goalkeeper Kossi Agassa Mohamed Salah. A wide consensus has it that Gabonese team did in 2012. weights in terms of continental tions Cup. will be after six months with- Ghana, finalists in 2015, have the hosts, Gabon, have handily They should be more potent prestige but they are once again Burkina Faso have plenty of out club employment. Asamoah Gyan, leading them, avoided too many stiff hurdles now than then, with Pierre- riven with internal tensions, talent and a desire to relive the and chasing a 100th cap by the as they attempt to at least match Emerick Aubameyang, pic- with several senior players in- glories of 2013, when they To progress: Ivory Coast, DR end of a group stage that they — and, a nation hopes, better tured, more mature at leading cluding the Liverpool defender reached the final. But two years Congo would hope to master without — their achievement of reach- the forward line. Joel Matip having declined their later, they stumbled out at the too much alarm. group stage. Group D: Ghana, Egypt, Mali, Mali look diminished from As for Guinea-Bissau, they are Uganda the force they were when they the only nation making their reached successive semi-finals debut at this Afcon, and might The return of Egypt to a Na- in 2012 and 2013, and Uganda’s have a surprise result in them. tions Cup seems long overdue. absence from the event has been Though none of their person- Much has happened in Egypt, so long that they must risk feel- nel could be classified as stars, and to its football status since ing overawed. they qualified at the expense of the national team won a third The Ugandan Cranes were Zambia, the 2012 champions. continental title on the trot in last at a Nations Cup 39 years 2010 and then startlingly failed ago, as hosts. They won the sil- To progress: Gabon, Burkina to qualify for any of the next ver medal, but it has collected a Faso three events. Political turmoil lot of dust in their trophy cabi- played a part, but under the sage net since. Hector Cuper as manager, a re- Group B: Algeria, Tunisia, vival is afoot. Not too many de- To progress: Ghana, Egypt Senegal, Zimbabwe fenders in Gabon will keep up with the speedy Egyptian striker Culled from www.thenational.ae According to the current Fifa rankings, Group B has three of Africa’s top five crowded into the same contest to produce just two of the last eight at this Afcon. That at least suggests there can be no room for slow starts, of the kind Riyad Mahrez, many Leicester City followers might suggest, has made to this season. Algeria’s Mahrez, pictured, is the new • Aubameyang African Footballer of the Year, largely because of his brilliance in the 2015/16 season and is under pressure to rise to that status, and help make Algeria look the sum of their many gifted parts. • Sallah Senegal are strong on paper, too, especially with Sadio Mane in attack, but disappointed at the last Afcon. Tunisia have a realistic hope of squeezing one of Algeria and Senegal aside, especially if they maintain the strong defensive record they have built up in competitive matches over the last few months. Zimbabwe, under- resourced but game and the sole representatives of the con- tinent’s southern region, look like the minnows in this com- pany. To progress: Algeria, Senegal Group C: Ivory Coast, DR Congo, Morocco, Togo

Ivory Coast, the defending champions, have at last said goodbye, fondly, to their so- called golden generation, the totemic band led by the Toure • Mahrez brothers and Didier Drogba. They toiled for years to win a Nations Cup. Their younger successors are now charged with making the title of Afri- can champions a regular habit. The team of Serge Aurier, Eric Bailly and newcomer Wilfried Zaha should be equipped to reach the last four, at least. • Gyan Morocco have hired as man- ager Herve Renard, guide of Zambia’s champions in 2012 and Ivory Coast’s in 2015, which makes them look even darker horses, although they may find DR Congo a handful, even if the Congolese are with- out the injured trickster Yannick Bolasie up front. As for Togo, they have become weathered veterans of Afcon tournaments, though it re- mains to be seen how effective Emmanuel Adebayor, the maverick striker, and the vet- THE NATION MONDAY, JANAURY 9, 2017 47 TODAY IN THE NATION ‘Ambode’s cultural focus shows that his understanding of “needs in the society” is not narrow and simplistic’ MONDAY, JANUARY 9, 2017 TRUTH IN DEFENCE OF FREEDOM VOL 11 NO 3822 FEMI MACAULAY CCCOMMENTOMMENTOMMENT & DEBEBEBAAATETETE OT many expected the sort of head- church for over 20 years. So did Graham, line that arrested the front pages of SAM OMATSEYE etc. The archbishop of Canterbury steps Nthe newspapers on Sunday. Pastor down at 70 years. Enoch Adeboye retires. He seemed, for Some have argued that the problem many, eternal on that holy couch. Every with our churches is that they are run like household has become accustomed to the monarchies. The overseer is the account- even keel of his voice, his equable temper- ININ ant, chief security officer, chief education- ament, his resonance as a raconteur, his un- ist, contractor, et al. His is part business- ruffled visage, his “let somebody shout hal- man, part prelate. When he sets up a lelujah”… board, it is no more than a sea of rubber- For lay and faithful, Christian and Mus- TOUCHTOUCH stamp heads, eager to bow to the visions lim, atheist and agnostics, it is first the sur- [email protected] 08054501081(sms only) or orders of the leader. prise and later the why. The why because Twitter: @samomatseye This is different from the story of the he did not step down of his own freewill. counterparts in Europe or U.S. Even if they This is not the sort of retirement that •Fellow, Nigerian Academy of Letters founded, they are subjected to a rule of law. swished the former Pope out of our holy And if they overplay their hands, they will ken. Or the sort that made Apostle Paul to face great revolt, even when they sin a sin declare to his mentee Timothy that he had unto death. The society also rises in right- finished his work and awaited the “crown eous anger and the church leader cedes au- of righteousness.” It is also not the exam- thority. ple of Prophet Samuel who poked any of When did God Those checks are not here in Nigeria. But his flock to say it if he erred in any way is that the business of state? If the blind leads during his stewardship or whether he gave the blind, Jesus says, both shall fall into the or obtained bribe. ditch. This was the case of a state coercing a bish- But when we look the Bible, not many of op to step down. The state versus the church. become man? the men of God lived so long as stewards. Adeboye stepped down, but only in the Ni- Moses did, but he started late, and died with gerian church. We are still left with a cloud his vitals still intact. God took Enoch, fer- of ambiguity. He becomes spiritual leader. But this FRC law reted Elijah away, allowed Paul, Peter and Does it make him also the spiritual leader others to be killed in their prime. of his successor in Nigeria? The church will seems peculiar to Ni- These people were also working against unfold that dynamic in due course, or it will ‘ the law of the land. Jesus was crucified be- unfold itself in the relations between the geria. No one forces cause he was a revolutionary, calling his two persons. followers to place family lower than God’s The matter is just beginning to brew. How the Pope to step people and naming himself the saviour with come a law comes into place to determine all its implication for revolution. Yet he de- how spiritual authorities determine their down. Nor any of the clared that his kingdom is not of this world. leaders and how long they are permitted to If it were, his servants would have prevent- lead the flock? The Financial Reporting big church leaders in ed him from the axe of the crucifixion. Council (FRC) is the source of all this. It So, the tension abounds. Where does the categorises churches with all non-profits Europe or the United church fight and where obey? and requires the leaders to stay in office for States. John Hagee That matter stands in the middle of the a specific period and step aside. FRC rule. Many will miss these church lead- It is a case of man playing god with its has led his church for ers. The dapper Oyakhilome and his epistle institutions. It calls to mind the question of the sovereignty of grace. Part political, asked by famous theologian and philoso- over 20 years. So did part evangelical Okotie. The prudish sobri- pher in the Medieval Age: “When did God ety of Kumuyi. The apostolic brio of Oyede- become man?” Peter Abelard, the castrated Graham, etc. The po. The pugilist in Bakare. The genteel flow upstart of that age, was not referring to the of Adeyemi’s sermons. friction of church and state directly, but the archbishop of Can- This will imply the birth of a new gener- echoes are not mistakable. The FRC may ation. Will they rise up to their founders? say an Adeboye, Oyedepo, Kumuyi, et al, terbury steps down That is to be seen. On a secular plane, histo- have come to the end of the tether as lead- at 70 years rians have said that the layer below the ers of the organisation they founded. But a •Pastor Adeboye American founding fathers was peopled by feeling creeps in that the state is playing far lesser men. They had nothing of sublim- god over God. ity and heroism of Adams, Washington, Jef- The theory of the Two Luminaries in the secular outweighs everything, including rather obey God than man. So, if one of the spiritual. The church leaders have also ferson, Henry, Madison, etc. Middle Ages bears example. The Catholic these mainstays says that they would’ not The classes of Adeboye havemade their quite often quoted Paul’s epistle to the Ro- Church was the sun and the Holy Roman step down and God had not spoken to them, followers acclaim them, at times, like some Empire was the moon, although it was cit- mans that everyone should be subjected to what shall we say? Some may want to wring the “higher powers.” Even Jesus in address- followers said of Paul: “The gods have come ed then that the “holy Roman Empire was their arms with their assertions about sub- down in the likeness of men.” neither Roman nor Holy.” In our case, the ing the question of loyalty to state asked jection to state. his followers to see Caesar’s coin. But he We look forward to whether and how the church is the sun, the brighter light, and the But Christ was clear: “Give unto Caesar leaders comply with the FRC. Will they ac- Church the moon, the lower illumination. said, rather enigmatically, “give unto Cae- that which is Caesar’s and unto God that sar that which is Caesar’s and unto God that cept the church as the better luminary or But the Romish Church then abided in an which is God’s.” Now, a conundrum brews. the lower? Whatever the answer, they will era of ecclesiastical dominance. Today, the which is God’s.” what is Caesar’s and what How that will play out is still in the womb. God’s? be haunted by Abelard’s question: When did But this FRC law seems peculiar to Ni- God become man to determine when a pas- I have also been rather uncomfortable geria. No one forces the Pope to step down. when our pastors cite Paul almost uncriti- tor should quit the pulpit. Or when did man Nor any of the big church leaders in Europe become God to do same! RIPPLESRIPPLESRIPPLES cally. The same Paul asserted that we would or the United States. John Hagee has led his Armed robbers snatch police van – News •Hardball is not the opinion of HARDBALL the columnist featured above PONZI scheme, properly so called, is always a game, or a kind of game, The game continues Awhich is why it is also called a Pon- zi game. Just before last Christmas, over three million Nigerians were jolted by ment of the MMM Community.” The MMM too good to be true. The one-month freez- the news that a popular money-doubling message to investors said the tasks, which ing of payouts and the demand that old par- scheme, in which they had innocently in- should be done online and offline, would ticipants should look for new ones are dire vested, Mavrodi Mundial Moneybox, bet- promote the scheme and drive “traffic and signals that all may not be well. ter known as MMM, had placed a one- participation” ahead of the ending of sus- How can all be well when the scheme is month ban on all payouts starting from pension of payouts. In other words, the based on paying returns to its old investors December 13. For many of them, it was old investors are expected to work to get from new capital paid to the operators by sour news that soured the end-of-year fes- new investors to participate in the scheme new investors? For how long can such ar- tivities. in order to keep it going. rangement be sustained? Such an unsus- With the approach of the expected lift- The scheme promises a 30 per cent re- tainable arrangement is likely to fail soon- ing of the ban on January 14, there is a turn on investment to investors after 30 er or later. development that looks like a twist in the days. Also, participants who are not inves- It is unsurprising that the scheme has tale. MMM operators asked anxious in- tors but are able to attract investors earn failed in a number of countries. It may just vestors whose accounts were frozen to 10 per cent of the amount such investors be a matter of time before it collapses in perform “Promo Tasks: A New Tool for bring to the scheme. These are the things Nigeria, despite reassurances by its MMM Community Development.” that make the whole thing so suspicious. operators. Although the game seems to be What does this mean? The communica- An investment operation that promises continuing with the latest development, the tion said: “Being an MMM member im- high rates of return with little risk and gen- handwriting on the wall is clear Nigeria Police?... just good at bullying plies not only opportunities, but also a erates returns for old investors through enough. Just two words for those behind new investments by new investors looks this: Get lost! Nigerians...OOPS responsibility for the state and develop-

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