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LAGOS SCHOOL KIDNAP:<br />

Abductors reject<br />

N2m offer, 11<br />

relocate victims<br />

Failure to implement<br />

Guaranteed Minimum<br />

Pension undermines<br />

Pension Reform<br />

Act — Apere<br />

26<br />

**<br />

VOL. 25: NO. 63304 MONDAY, JUNE 5, 2017<br />

Buhari<br />

will<br />

return<br />

before<br />

June 11<br />

—Kalu,<br />

ex-Abia gov<br />

42<br />

2017 BUDGET:<br />

<strong>Presidency</strong>, <strong>NASS</strong> <strong>flex</strong><br />

<strong>muscles</strong> <strong>over</strong> <strong>400</strong><br />

•In talks to<br />

resolve grey<br />

areas<br />

<strong>‘strange</strong> <strong>projects’</strong><br />

•As Osinbajo<br />

gives<br />

conditions for<br />

assent<br />

SEE STORY ON<br />

PAGE 8<br />

Female<br />

IDPs<br />

accuse<br />

soldiers of<br />

demanding<br />

sex for<br />

favours<br />

8<br />

REMEMBERING KUDIRAT ABIOLA: From Left; Mr Abdulmumin Abiola, Alhaji Jamiu Abiola, (sons), Dr. Hafsat Abiola-Costello<br />

(daughter), OPC National Co-Ordinator, Otunba Gani Adams, former Lagos Military G<strong>over</strong>nor, Admiral Ndubuisi Kanu (retd), and<br />

President, Women Arise, Dr Joe Okei-Odumakin, during the 21st Year Anniversary of the death of Mrs Kudirat Abiola, held at MKO<br />

Crescent, Toyin Street, Ikeja, Lagos. PHOTO: Kehinde Gbadamosi.<br />

Mr & Mrs<br />

RECALL OF JUDGES: Lawyers back<br />

NJC as Sagay kicks<br />

5<br />

COLUMNISTS<br />

OWEI<br />

LAKEMFA<br />

Isaac Boro: A man<br />

meets a Nation<br />

30<br />

HENRY<br />

BOYO<br />

The oppresive<br />

contradictions in<br />

Nigeria’s economy 28<br />

Falana petitions<br />

Osinbajo <strong>over</strong><br />

continued detention<br />

of El-Zakzaky 14


2—Vanguard, MONDAY, JUNE 5, 2017


Vanguard, MONDAY, JUNE 5, 2017—3


4—Vanguard, MONDAY, JUNE 5, 2017


Vanguard, MONDAY, JUNE 5, 2017—5<br />

POCKET CARTOON<br />

OSHODI—Policemen take <strong>over</strong> Oshodi, Lagos, yesterday <strong>over</strong> clashes between factions of the<br />

National Union of Road Transport Workers, NURTW.<br />

RECALL OF JUDGES: Lawyers back<br />

NJC as Sagay kicks<br />

By Wahab Abdullah,<br />

Dapo Akinrefon,<br />

Godwin Ositse,<br />

Ikechukwu Nnochiri<br />

LAGOS — Senior<br />

lawyers have lent<br />

their support to the<br />

National Judicial<br />

Council, NJC, which<br />

weekend recalled some<br />

indicted judges, just as<br />

chairman of the<br />

Presidential Advisory<br />

Committee Against<br />

Corruption, PACAC,<br />

Professor Itse Sagay<br />

frowned at the<br />

development, saying “it<br />

is absolutely wrong to<br />

recall a judge whose<br />

case is on-going.”<br />

The National Judicial<br />

Council, NJC, headed by<br />

the Chief Justice of<br />

Nigeria, CJN, Justice<br />

Walter Onnoghen,<br />

recalled the judges at<br />

the end of its 82nd<br />

meeting on June 1, a<br />

development that has<br />

continued to elicit<br />

reactions.<br />

According to the NJC,<br />

the recalled jurists<br />

include Justice John<br />

Inyang Okoro of the<br />

Supreme Court, Justice<br />

Uwani Abba Aji of the<br />

Court of Appeal; Justice<br />

Hydiazira A. Nganjiwa<br />

of the Federal High<br />

Court; Justice A. F. A.<br />

Ademola of the Federal<br />

High Court who has<br />

been discharged and<br />

acquitted; Justice Musa<br />

H. Kurya of the Federal<br />

High Court; and Justice<br />

Agbadu James Fishim of<br />

National Industrial<br />

Court of Nigeria.<br />

It will be recalled that<br />

the NJC had said its<br />

decision was predicated<br />

on the fact that of the<br />

eight judges asked to<br />

withdraw from their<br />

judicial duties on the<br />

request of the Attorney-<br />

General of the<br />

Federation, Mr.<br />

Abubakar Malami, SAN,<br />

pending the conclusion<br />

of investigations on<br />

corruption allegations<br />

against them, only three<br />

IT'S UP TO YOU<br />

BY AYO ADIO - 08104802192<br />

With authority should come responsibility,<br />

never let a position you occupy trample on<br />

the dignity of other people.<br />

TAKE HEART<br />

BY ELLA RANDLE- O8084919482<br />

As you move your own energy level up out of a<br />

rut mentality, you’ll have an uplifting effect on<br />

all Wthe rut dwellers in your life -Wayne Dyer<br />

henever someone seeks your permission to<br />

try something, before saying no, ask yourself<br />

if you want to stay at ordinary levels of living.<br />

Ordinary implies being stuck in the rut, you’ll<br />

attract other rut dwellers, and your mutual impact<br />

will be to stay in your ordinary rut-complaining,<br />

finding fault, wishing, and hoping for better days.<br />

A shift in consciousness and the whole world is<br />

perceived differently.<br />

SAYINGS OF OUR PEOPLE<br />

A dog that does not heed the hunter’s call, gets<br />

lost in the forest.<br />

had been charged to<br />

court.<br />

NJC, in a statement by<br />

its Director of<br />

Information, Mr. Soji<br />

Oye, weekend, asked<br />

various Heads of Court<br />

to direct the six<br />

suspended Judges to<br />

resume their judicial<br />

duties with effect from<br />

June 7, “as there are<br />

already backlog of cases<br />

in their various courts<br />

for the past eight<br />

months.”<br />

Reacting yesterday,<br />

chairman of the<br />

Presidential Advisory<br />

Committee Against<br />

Corruption, PACAC,<br />

Professor Itse, SAN,<br />

said: “It is absolutely<br />

wrong to recall a judge<br />

whose case is ongoing.<br />

‘’It is wrong for the NJC<br />

to have recalled that<br />

judge. That is just my<br />

view. It is wrong because<br />

the case is ongoing. The<br />

matter has been filed<br />

and we don’t know what<br />

the outcome is going to<br />

be. If the outcome is<br />

negative for the judge,<br />

then he has to leave<br />

again, so it does not<br />

make sense.<br />

“Second, with regards<br />

to the other judges who<br />

were not charged, that is<br />

charges were not<br />

brought against them<br />

and that is why they were<br />

recalled, on principle,<br />

there is nothing wrong<br />

with that. But I want to<br />

ask a question, before<br />

recalling them, did the<br />

NJC consult with the<br />

anti-corruption agencies<br />

and the DSS, that<br />

arrested them in the first<br />

place? If you didn’t<br />

consult the agencies<br />

(EFCC and DSS), it can<br />

result in an<br />

embarrassing situation.<br />

“If you consult them<br />

and they say they are no<br />

longer interested in<br />

pursuing the cases, then<br />

you can recall them. But<br />

if you consult them and<br />

they say they are<br />

trying to dot on the<br />

charges they are going<br />

to file in a week or two,<br />

then you don’t recall<br />

them because after you<br />

recall them in such a<br />

circumstance and<br />

charges are filed<br />

against them, what you<br />

have is that a judge<br />

today becomes an<br />

accused in another<br />

court.<br />

‘’The image of the<br />

judiciary is going to be<br />

severely damaged. So, I<br />

don’t think the NJC has<br />

used its discretion<br />

judiciously in this<br />

matter.’’<br />

Meanwhile, two of the<br />

affected judges —<br />

Justice Sylvester<br />

Ngwuta of the Supreme<br />

Court and Justice Rita<br />

Ofili-Ajumogobia of the<br />

Federal High Court, are<br />

already standing trial<br />

before different courts.<br />

Though Justice<br />

Ademola of a Federal<br />

High Court in Abuja was<br />

equally charged to<br />

court, he had been tried,<br />

discharged and<br />

acquitted of all 18-count<br />

criminal charges the<br />

Federal G<strong>over</strong>nment<br />

preferred against him.<br />

SANs back NJC<br />

But most other lawyers<br />

Vanguard spoke with<br />

yesterday threw their<br />

weight behind the NJC.<br />

They maintained that<br />

the NJC acted within the<br />

law, adding it would<br />

amount to gross<br />

injustice to continue to<br />

keep the affected Judges<br />

in abeyance when no<br />

form of corruption<br />

charge had been entered<br />

against them in court.<br />

In his reaction,<br />

Mallam Yusuf Ali, SAN,<br />

said: “You can’t keep<br />

the Sword of Damocles<br />

on people’s head<br />

forever. The event<br />

leading to this problem<br />

happened more than six<br />

months back, and there<br />

is presumption under<br />

our law that you cannot<br />

bring allegation without<br />

proof. So, they are<br />

presumed innocent and<br />

they are public officials,<br />

if tomorrow, if they find<br />

proof, they can bring<br />

charges against them,<br />

then they can be<br />

summoned. But it’s not<br />

good to keep them in<br />

suspense. They were<br />

kept in suspense in their<br />

professional life, their<br />

family life etc. So, if there<br />

is nothing against them,<br />

they have to go back to<br />

their work. It is good the<br />

NJC took that decision<br />

now.”<br />

Also reacting,<br />

Babatunde Fashanu,<br />

SAN, said: “The public<br />

may not be happy about<br />

it, they will feel that they<br />

were just being<br />

protected. However,<br />

they cannot be kept<br />

perpetually without trial,<br />

except that there is<br />

conviction that they have<br />

cases against them which<br />

is yet to be resolved.<br />

They can also be kept if<br />

there are other pending<br />

cases or petition before<br />

the NJC. However, in<br />

absence of such, they<br />

have to return to their<br />

work.<br />

“As at now, the Judges<br />

are presumed innocent<br />

since there is no petition<br />

and no case against them<br />

before the NJC. For<br />

instance, one of them has<br />

been acquitted while no<br />

charges are preferred<br />

against others, there is<br />

no justification to keep<br />

them at bay.”<br />

FG should apologise<br />

to the judges —<br />

Ozekhome<br />

Constitutional lawyer<br />

and rights activist, Chief<br />

Mike Ozekhome, SAN,<br />

took a slightly different<br />

position, saying the NJC<br />

acted belatedly.<br />

He said the Federal<br />

G<strong>over</strong>nment ought to<br />

apologise to the Judges<br />

“for the public odium,<br />

embarrassment, obloquy<br />

and shame their<br />

unjustified arrest,<br />

detention and media trial<br />

impacted on them.<br />

“The state should stop<br />

persecution, rather than<br />

prosecution. We are not<br />

in a Banana Republic or<br />

in George Orwel’s<br />

Animal Farm. Until the<br />

appellate court upturns<br />

the earlier judgment of<br />

the lower court, such<br />

judgment subsists and is<br />

enforceable.<br />

“The only exception is<br />

if there was a stay of<br />

execution, since a mere<br />

appeal does not operate<br />

as a stay of execution. It<br />

is, therefore, right for the<br />

NJC to recall the judges<br />

to work. It was even too<br />

late in coming.”<br />

Norrison Quaker, SAN,<br />

said in his reaction: “It<br />

is a welcome decision,<br />

this is because majority<br />

of the judges asked to<br />

return to work have not<br />

been charged to court<br />

almost six months they<br />

were accused of graft.<br />

The one charged to court<br />

was discharged and<br />

acquitted. If you look at<br />

the pattern adopted by<br />

NJC, you will observe<br />

that those who have been<br />

investigated, tried and<br />

freed and those that no<br />

charges are filed against<br />

are the ones recalled.<br />

“I believe their trial<br />

will have nothing to do<br />

with cases brought<br />

before their court in<br />

whatever manner.<br />

However, those who are<br />

not comfortable among<br />

them can proceed to<br />

retirement.”<br />

Mr Paul Usoro, SAN,<br />

said that the security<br />

authorities ought to have<br />

carried out a proper<br />

investigation before<br />

arresting the suspects.<br />

He was of the opinion<br />

that since nothing<br />

concrete had been found<br />

to hold on to them, they<br />

should return to their<br />

jobs.<br />

“They cannot be<br />

suspended for ever, if<br />

nothing has been found<br />

on them,’’ he said.<br />

According to Mr.<br />

Usman Uztaz, SAN, “the<br />

NJC took a good<br />

decision. You cannot<br />

continue to keep<br />

somebody in suspense<br />

<strong>over</strong> a yet-to-be-filed<br />

charge. If you don’t have<br />

a case against somebody,<br />

to continue to subject<br />

that person to perpetual<br />

punishment will be<br />

against both natural and<br />

constitutional rights.<br />

“To continue to punish<br />

someone you have not<br />

made any case against is<br />

contrary to the law of<br />

God and the law of<br />

nature.”<br />

Continues on Page 61


6—Vanguard, MONDAY, JUNE 5, 2017<br />

A-Ibom LG<br />

boss<br />

arrested <strong>over</strong><br />

scribe’s<br />

death<br />

By Chioma<br />

Onuegbu, Dennis<br />

Udoma & Emmanuel<br />

Ayungbe<br />

UYO—A transition<br />

committee Chairman<br />

of a local g<strong>over</strong>nment in<br />

Akwa Ibom State has been<br />

arrested <strong>over</strong> the death of<br />

council secretary. The<br />

council boss was arrested<br />

alongside three others.<br />

It was gathered that the<br />

arrest was effected last<br />

Wednesday by police.<br />

It was further gathered<br />

that two other persons, who<br />

were arrested in Port<br />

Harcourt, Rivers State, have<br />

already confessed to the<br />

police that they were paid<br />

N300,000 to perpetrate the<br />

act.<br />

Meanwhile, the<br />

deceased’s sister in-law,<br />

speaking with journalists in<br />

Uyo yesterday on condition<br />

of anonymity, said that the<br />

council Chairman had<br />

sworn that he has nothing<br />

to do with the murder of the<br />

council secretary.<br />

It would be recalled that<br />

on Sunday April 16, four<br />

unidentified gunmen shot<br />

dead the scribe while he<br />

was in his farm very close<br />

to his residence in<br />

Ukanafun.<br />

He was a member of the<br />

Caretaker Committee<br />

sworn in by G<strong>over</strong>nor<br />

Udom Emmanuel, but was<br />

not allowed to assume duty<br />

until his death.<br />

Contacted, the state’s<br />

Police Public Relations<br />

Officer, DSP Chukwu<br />

Ikechukwu, who said the<br />

matter is under<br />

investigations, added:<br />

“The Commissioner of<br />

Police has said he would<br />

brief the press on the matter<br />

soon, so you will get the full<br />

details on the matter.”<br />

By Perez Brisibe<br />

E KETE—GUNMEN,<br />

suspected to be<br />

kidnappers, have abducted<br />

Mrs. Theresa Sakpra, the wife<br />

of the Delta State<br />

Commissioner for Special<br />

Duties, G<strong>over</strong>nor’s Office,<br />

Chief Henry Sakpra.<br />

Mrs. Sakpra was said to have<br />

been abducted, last Thursday,<br />

around the Ekete Inland<br />

Junction along the DSC<br />

Expressway in Udu Local<br />

G<strong>over</strong>nment Area of the state.<br />

Giving details of the incident,<br />

a police source hinted that the<br />

victim was whisked away to an<br />

unknown destination by the<br />

:Vanguard News :@vanguardnews :@vanguardnews NEWS HOTLINES: 08052867023, 08052867058<br />

Otodo-Gbame demolition victims buried amid tears<br />

By Monsuru<br />

Olowoopejo<br />

LAGOS—TEARS flowed in<br />

Badagry, Lagos, when the<br />

two victims of Otodo-Gbame<br />

community demolition, 45-<br />

year-old Elijah Avonda and<br />

20-year-old Daniel Aya, were<br />

buried.<br />

The burial of the two victims<br />

came barely two months after<br />

Lagos State G<strong>over</strong>nment<br />

demolished the about 50-yearold<br />

community in Lekki, Eti-<br />

Osa Local G<strong>over</strong>nment.<br />

At the burial, weekend,<br />

hundreds of residents from<br />

We sell stolen Keke for 80,000;<br />

motorcycle, N40,000—Suspect<br />

•I wept like a baby, searched drainage for my stolen Keke—Victim<br />

By Joseph Undu<br />

LAGOS—A 21-year-old man,<br />

Ekene Chukwuan, arrested<br />

by operatives of Rapid Response<br />

Squad, RRS, of the Lagos State<br />

Police Command for allegedly<br />

stealing tricycle, popularly known<br />

as Keke Napep, and motorcycles<br />

(Okada) in Lagos, has revealed<br />

that his gang sells stolen tricycles<br />

for N80,000 and motorcycles for<br />

N40,000.<br />

He also revealed how he was<br />

introduced into motorcycle and<br />

tricycle stealing business by his<br />

mentor, who he referred to as<br />

Alhaji.<br />

Meanwhile, an Okadaman,<br />

popularly called Anishere<br />

Kukushi, who operates in Ikotun<br />

area of the state, told Vanguard<br />

that a new tricycle cannot be<br />

bought for less than N500,000,<br />

while an Okada is priced from<br />

N200,000 upward.<br />

The suspected thief,<br />

Chukwuan, who is alleged to be<br />

a member of a five-man gang that<br />

specialises in the crime, was<br />

nabbed in the early hours of<br />

Thursday after he and four other<br />

members of his gang broke into<br />

an apartment at Iyana-Ejigbo.<br />

Chukwuan said: “I relocated<br />

Delta Commissioner's wife kidnapped<br />

hoodlums on her way home<br />

after dropping one of her<br />

sales girls along the<br />

expressway.<br />

The source said: “The<br />

hoodlums went away with the<br />

victim in her car, which was<br />

later rec<strong>over</strong>ed the following<br />

day along the Effurun/Ughelli<br />

section of the East-West<br />

Road.”<br />

Police keep mum<br />

Contacted, the state’s Police<br />

Public Relations Officer, DSP<br />

Andrew Aniamaka, said: “The<br />

facts are not known to me, so<br />

I cannot speak on it.”<br />

Meanwhile, youths under<br />

the aegis of Udu Youth<br />

slum communities in the<br />

state and friends of the<br />

victims, paid their last<br />

respects to both men.<br />

Avonda and Aya were<br />

allegedly killed by stray<br />

bullets during the<br />

demolition of structures in<br />

the community by the state<br />

g<strong>over</strong>nment.<br />

While Aya was buried at<br />

Muwo, Badagry West,<br />

Avonda was buried at Apa<br />

Kingdom.<br />

Some of the mourners, who<br />

accompanied the corpse to<br />

their separate home towns,<br />

broke down in tears when the<br />

from Amukoko to Ijora in search<br />

of greener pastures because I<br />

was told there is money in Ijora<br />

and Mushin.<br />

“I worked as a truck pusher at<br />

Ojuade Market, where I helped<br />

people convey their goods from<br />

one location to another before<br />

Alhaji told me to stop the work<br />

for a better one.<br />

“Alhaji told me he was called<br />

for a work by one Ajona, and<br />

asked me if I will like to join him,<br />

promising me a better pay and<br />

less stress. I accepted Alhaji’s<br />

idea, but didn’t know we were<br />

going for robbery.<br />

“On getting to Ejigbo, Ajona,<br />

who is the leader, told us to stay<br />

at a particular place till night fall<br />

before entering into the<br />

apartment where we unchained<br />

a motorcycle and a tricycle. We<br />

put the motorcycle inside the<br />

tricycle while Ajona drove off<br />

with two others in the tricycle.<br />

“We were on our way when<br />

we met RRS men, who stopped<br />

us but we refused to stop. So<br />

they chased us. We were at full<br />

speed, trying to escape, when<br />

we crashed. We took to our<br />

heels, but the policemen caught<br />

me.”<br />

He also claimed in a statement<br />

Council, UYC, while<br />

describing the spate of<br />

kidnappings in the area as<br />

alarming and cowardly,<br />

appealed to the hoodlums to<br />

release the victim.<br />

The youths, in a statement<br />

by its President, Mr. Otito<br />

Yembra, said: “The abduction<br />

of Chief Sakpra’s wife was<br />

not only a cowardly act by<br />

desperate characters that<br />

seek to profit from their<br />

criminal conduct, but also a<br />

sore reminder of the growing<br />

resurgence of criminality as<br />

it concerns the despicable<br />

and anti-social kidnapping<br />

industry in Urhoboland and<br />

Udu in particular.”<br />

victims were finally laid to<br />

rest.<br />

I lost my only source of<br />

joy— Avonda’s mother<br />

Speaking to Vanguard<br />

after the burial, Elijah<br />

Avonda’s mother, Blessing,<br />

lamented that her only<br />

source of joy has been<br />

killed.<br />

The octogenarian, a petty<br />

trader, disclosed that her<br />

late son was a fisherman and<br />

often goes fishing at the<br />

lagoon for sale by the<br />

family, which has “been our<br />

source of income.”<br />

Ekene Chukwuan<br />

to the police that “we sell<br />

stolen Keke Napep for between<br />

N75,000 and N80,000, while<br />

motorcycles are sold between<br />

N30,000 and N40,000.”<br />

I wept like a baby<br />

—Keke’s owner<br />

Meanwhile, owner of the<br />

motorcycle, Mr. Nduka<br />

Oyekachi Innocent, 31, who<br />

was alerted of the theft and<br />

invited to RRS office, said he<br />

wept like a baby on<br />

disc<strong>over</strong>ing that his Keke was<br />

missing because he got it on a<br />

hire-purchase arrangement<br />

from a businessman.<br />

He was to repay N1,000,000<br />

within one and half years,<br />

according to the agreement he<br />

signed.<br />

He explained further that<br />

the businessman gave him the<br />

Narrating how her son met<br />

his death, Blessing said: “On<br />

that day, my son was returning<br />

from the lagoon where he had<br />

gone to catch fish that would<br />

be sold by the family. On his<br />

arrival at the shore, he was<br />

killed by a stray bullet.”<br />

In tears, she noted that the<br />

death of her only son had<br />

“brought another burden on<br />

the family.”<br />

She said at this age, “I cannot<br />

run around so much again to<br />

generate income. My late son<br />

had been the main source of<br />

my support.<br />

“He has been killed and left<br />

tricycle in February and he had<br />

just repaid N220,000 out of the<br />

N1,000,000.<br />

His words: “I woke up the<br />

following morning only to<br />

disc<strong>over</strong> that the Keke was<br />

missing. I searched everywhere,<br />

including the drainage because I<br />

was so much devastated and<br />

worried about the debt and how<br />

to take care of my family.<br />

“Immediately, I went to Ejigbo<br />

Police Station to report the<br />

incident before I was informed<br />

later that RRS officers had<br />

arrested one of the suspected<br />

thieves.”<br />

Rec<strong>over</strong>ed from the suspect<br />

were iron cutter, a tricycle and a<br />

motorcycle.<br />

The suspect has been<br />

transferred to the State Criminal<br />

Investigation Department for<br />

further investigations.


Vanguard, MONDAY, JUNE 5, 2017—7<br />

wives and children behind.<br />

The challenge is who will cater<br />

for the needs of the family<br />

Elijah left behind? I cannot<br />

understand.”<br />

Police killed my brother,<br />

says Aya’s brother<br />

Elijah Ngbo, worried by<br />

death of his younger sibling,<br />

Daniel Aya, alleged that an<br />

officer of the Nigerian Police<br />

deployed to the community by<br />

the state g<strong>over</strong>nment shot and<br />

killed his brother.<br />

Ngbo lamented that two<br />

months after the tragedy, the<br />

relevant authorities have not<br />

revealed the policeman that<br />

killed his brother.<br />

:Vanguard News :@vanguardnews :@vanguardnews NEWS HOTLINES: 08052867023, 08052867058<br />

Cattle seller, herbalist arrested <strong>over</strong> kidnapping:<br />

Apprentice lures master's son<br />

out of Church with ice cream<br />

The suspects<br />

By Dayo Johnson<br />

AKURE—A cattle seller, an<br />

apprentice, a herbalist and<br />

two others have been arrested<br />

by police detectives in Ondo<br />

State <strong>over</strong> the kidnap of a<br />

traditional ruler and an eightyear-old<br />

primary school pupil in<br />

the state.<br />

The cow seller, 30-year-old<br />

Usman Momodu, was arrested<br />

with N112,000 cash said to be<br />

part of ransom collected from the<br />

family of the traditional ruler,<br />

Oba Daudu Sunday, the<br />

Oluyani of Iyani, in Akoko area<br />

of the state last month.<br />

Also rec<strong>over</strong>ed from the<br />

suspect was a Nokia handset<br />

which phone number allegedly<br />

used for negotiation of ransom.<br />

Oba Daudu was kidnapped by<br />

six armed men along Oba Akoko-<br />

Owo Road and released after<br />

three days, when his family paid<br />

ransom.<br />

Taking master's son<br />

On the kidnap of the eightyear-old<br />

boy, the apprentice,<br />

Obinna Stephen; herbalist, Eze<br />

Ifeanyi Okeke and two others,<br />

Police arrest 2, deploy 200 officers to<br />

Ebonyi, C’River boundary communities<br />

By Peter Okutu<br />

A BAKALIKI—EBONYI<br />

State Police Command,<br />

weekend, said it had arrested<br />

two notorious robbery suspects<br />

at Ezzamgbo, Ohaukwu Local<br />

G<strong>over</strong>nment Area of the state.<br />

In a statement by the state’s<br />

Police Public Relations Officer,<br />

DSP Jude Madu, the two robbery<br />

suspects, Oge,18, and Emeka,<br />

20, were arrested by men of<br />

Ohaukwu Police Division in the<br />

area in collaboration with the<br />

youths and men of vigilante in<br />

the village.<br />

He said two locally-made<br />

Joel Carol and Christopher<br />

Anthony, were arrested for<br />

kidnapping the boy, son of<br />

Stephen’s master, Ezechiefoh<br />

Chuks, during Sunday service<br />

at Don Bosco Catholic Church,<br />

Araromi, Akure.<br />

Stephen succeeded in luring<br />

him out of the church by<br />

promising to buy him ice cream.<br />

He then handed him <strong>over</strong> to his<br />

accomplices, who took the boy<br />

away, returned to the church<br />

and continued with worship.<br />

Vanguard gathered that the<br />

boy was kept at a herbalist’s<br />

house in Akure, from where he<br />

did all the negotiations with the<br />

boy’s family as they reportedly<br />

demanded N10 million ransom<br />

from the boy’s father.<br />

It was gathered that during<br />

police investigation, one of the<br />

church members reportedly<br />

informed the police that he saw<br />

Obinna putting the little boy on<br />

a motorcycle during church<br />

service and was driven away.<br />

Stephen later confessed and<br />

led detectives to the native<br />

doctor’s hideout at Omoniyi<br />

Street, Agbogbo in Akure, where<br />

the victim was rescued.<br />

double-barrelled pistols, Army<br />

uniform with blood stains, two<br />

iron cutters, one saw-blade,<br />

two machetes, one hammer,<br />

one dagger, one gas cooker,<br />

one laptop, two ladies<br />

motorcycles, two 950 power<br />

generators, one Samsung<br />

handset, one standing fan,<br />

two speakers, one iron bar,<br />

one CD player, torch light and<br />

a bag containing some clothes<br />

were rec<strong>over</strong>ed from them.<br />

Madu said: “Also arrested is<br />

a cult leader in the same area.<br />

He is Chidi, 19. He was also<br />

arrested with his axe, while<br />

his members fled on sighting<br />

Vanguard gathered that<br />

other suspects were<br />

apprehended at the herbalist’s<br />

hideout, while waiting for the<br />

father of the victim to pay the<br />

ransom.<br />

On the monarch’s kidnap,<br />

the state’s Commissioner of<br />

Police, Hilda Harrison, said<br />

that the cow seller was the<br />

leader of the gang that<br />

kidnapped the Oba.<br />

She revealed that the<br />

suspect had confessed to the<br />

commission of the crime<br />

along with others, while<br />

By Emma Amaize<br />

LAGOS—LUCK ran out of<br />

a suspected kidnapper,<br />

Shuaibu, an indigene of Kogi<br />

State, whose gang abducted<br />

a 70-year-old man, Mr.<br />

Charles Eze, in Delta State,<br />

in April 22, as he was nabbed<br />

by the police yesterday.<br />

Delta State Commissioner of<br />

Police, Mr. Zanna Ibrahim,<br />

said: “Though the kidnap<br />

syndicate released the victim,<br />

the police. Efforts are on to<br />

arrest the remaining members<br />

of the syndicate.”<br />

Reacting to the land<br />

disputes between Ofunakpa<br />

Inyimagu community in Ikwo<br />

Local G<strong>over</strong>nment Area of<br />

Ebonyi State and Nsobo<br />

community in Obubara Local<br />

G<strong>over</strong>nment Area of Cross<br />

River State, the police<br />

spokesman added that “police<br />

took necessary measures to<br />

restore normalcy in the areas.<br />

“About 200 policemen are<br />

still stationed in these<br />

communities to protect lives<br />

and properties.”<br />

efforts are on to arrest<br />

fleeing members of the<br />

gang.<br />

On the kidnap of the eightyear-old<br />

boy, the Police boss<br />

said one locally-made pistol,<br />

one Beretta pistol, some live<br />

ammunition and two live<br />

cartridges were rec<strong>over</strong>ed<br />

from the suspects at their<br />

hideout.<br />

Harrison pointed out that<br />

the suspects would soon be<br />

arraigned in court at the<br />

conclusion of the<br />

investigations.<br />

abducted along Idumuga-<br />

Obomkpa Road after<br />

collecting ransom, police kept<br />

monitoring the group.<br />

“Acting on intelligence,<br />

operatives of the State Anti-<br />

Kidnapping and Cyber<br />

Crimes Squad, SAKCCS,<br />

arrested Shuaibu, 35.<br />

The Commissioner said the<br />

suspect, who reside at<br />

Ogbe-Obi village, Illah,<br />

Oshimili North Local<br />

G<strong>over</strong>nment Area, “has<br />

2 die in<br />

Owerri<br />

robberies<br />

By Chidi<br />

Nkwopara<br />

O WERRI—TWO<br />

people were<br />

reported dead, weekend, in<br />

a foiled robbery attack at Hot<br />

Junction, Ulakwu, Owerri<br />

North Local G<strong>over</strong>nment<br />

Area of Imo State, while an<br />

innocent citizen was<br />

gunned down by fleeing<br />

hoodlums in Owerri<br />

municipality.<br />

Vanguard gathered that<br />

one of the mobile telephone<br />

service providers came<br />

with a police escort to move<br />

their earnings when the<br />

hoodlums struck.<br />

An eyewitness said that<br />

the hoodlums arrived in a<br />

Toyota Sienna car at 4p.m.,<br />

“when the robbers arrived.<br />

They quickly moved to a<br />

hotel, which shares a<br />

common boundary with the<br />

telephone provider’s outlet,<br />

where the police escort was<br />

said to be having a drink.<br />

“They attacked the<br />

policeman and tried to<br />

disarm him. In the ensuing<br />

scuffle, the policeman let off<br />

a shot which fatally<br />

wounded one of the<br />

robbers.<br />

“When they eventually<br />

<strong>over</strong>powered the<br />

policeman, they shot him<br />

several times at close<br />

range, took his rifle and<br />

escaped with their<br />

wounded colleague.”<br />

The eyewitness said it<br />

was not very clear if, in the<br />

circumstance, the robbers<br />

succeeded in carting away<br />

the company’s money.<br />

In another development,<br />

it was gathered that fleeing<br />

robbers ran into a police<br />

patrol team along Tetlow<br />

Road, Owerri, and started<br />

firing indiscriminately.<br />

A resident, who simply<br />

identified himself as<br />

Evaristus, told Vanguard<br />

that one of the bullets fired<br />

by the criminals hit an<br />

innocent citizen, who died<br />

on the spot.<br />

According to Evaristus,<br />

“the hoodlums started firing<br />

because they must have<br />

reasoned that the police<br />

team was waiting for them.”<br />

Police nab kidnapper, 2 robbery suspects in Delta<br />

confessed and mentioned his<br />

cohorts and investigation is<br />

ongoing.”<br />

Meanwhile, a police<br />

surveillance patrol team and<br />

Owa Oyibu vigilante unit in<br />

the state, weekend, arrested<br />

two robbery suspects.<br />

Rec<strong>over</strong>ed from both<br />

suspects, said to be indigenes<br />

of Anambra State, were two<br />

locally-made cut- to-size<br />

pistols and two live<br />

cartridges.


8—VANGUARD, MONDAY, JUNE 5, 2017<br />

:Vanguard News :@vanguardnews :@vanguardnews NEWS HOTLINES: 08052867023, 08052867058<br />

<strong>Presidency</strong>, <strong>NASS</strong> <strong>flex</strong> <strong>muscles</strong> <strong>over</strong><br />

<strong>400</strong> <strong>‘strange</strong> <strong>projects’</strong> in 2017 budget<br />

•Hold talks to resolve grey areas<br />

•As Osinbajo gives 2 conditions for assent<br />

By Soni Daniel,<br />

Northern Region<br />

Editor<br />

ABUJA— AS the nation<br />

eagerly awaits the<br />

take-off of the 2017 budget,<br />

more than half way into the<br />

fiscal year, the <strong>Presidency</strong><br />

and the leadership of the<br />

National Assembly made<br />

last minute attempts, last<br />

night, to salvage the<br />

document by sorting out<br />

areas of disagreement.<br />

The meeting between the<br />

<strong>Presidency</strong> and the<br />

leadership of the National<br />

Assembly to hammer out<br />

the grey areas in the<br />

budget, was underway at<br />

press time.<br />

According to impeccable<br />

sources, the <strong>Presidency</strong>,<br />

which prepared the budget,<br />

is riled that the leadership<br />

of the National Assembly<br />

unilaterally introduced<br />

more than <strong>400</strong> <strong>‘strange</strong><br />

<strong>projects’</strong> into the budget<br />

before belatedly passing it<br />

last month.<br />

The said projects,<br />

Vanguard understands, are<br />

mostly roads, health<br />

centres, recreational<br />

centres, water and electricity<br />

schemes, which are under<br />

state and local g<strong>over</strong>nments<br />

that were never evaluated,<br />

designed or included by the<br />

<strong>Presidency</strong> in the budget.<br />

At the same time, the<br />

presidency is concerned<br />

that the <strong>NASS</strong> inexplicably<br />

slashed allocations to key<br />

federal agencies and<br />

projects and added them to<br />

its budget, raising it from<br />

COMMISSIONING: From left, Professor Sunday Owolabi, Deputy<br />

Vice Chancellor, Babcock University; Ayo Liadi, Executive Director, Lagos &<br />

South West, United Bank for Africa, UBA, Plc; Prof. Ademola Stephen Tayo;<br />

Dr. Daniel Giang, Loma Linda University, California; and Isiaka Usman,<br />

Regional Director, Lagos 3 Region, UBA Plc, at the commissioning of new<br />

UBA Plc Business Office, Babcock University, weekend.<br />

N115 billion to N125<br />

billion at this time of<br />

economic hardship<br />

without considering the<br />

impact on other<br />

Nigerians.<br />

The <strong>Presidency</strong> is also<br />

said to be worried that the<br />

<strong>NASS</strong> jerked up the budget<br />

by N143 billion without<br />

explaining where the<br />

additional cash would be<br />

derived from, saying the<br />

‘distortions’ would<br />

adversely affect the<br />

implementation of the<br />

budget.<br />

A top presidency official,<br />

who spoke to Vanguard last<br />

night, said the extraneous<br />

items introduced by the<br />

<strong>NASS</strong> into the 2017 budget<br />

would have an adverse<br />

effect on the generality of<br />

Nigerians, if not expunged.<br />

“These illegal insertions<br />

into the budget presented<br />

to them by President<br />

Muhammadu Buhari last<br />

year, do not in any way<br />

indicate that they were done<br />

for purely altruistic reasons.<br />

From the look of things, it<br />

is clear to us that the<br />

projects were added for<br />

pecuniary and political<br />

reasons and they cannot<br />

advance the cause of the<br />

ordinary man in the society.<br />

“How can state and local<br />

g<strong>over</strong>nment projects that<br />

do not have designs and<br />

cost be inserted into a<br />

national budget by those<br />

who will still turn round<br />

tomorrow to blame the<br />

executive of nonimplementation<br />

of the<br />

budget, if assented to by<br />

the President in the form it<br />

was transmitted?” the<br />

source queried last night.<br />

Osinbajo gives 2<br />

conditions<br />

for assent<br />

A top official of the<br />

administration confirmed to<br />

Vanguard that although<br />

Acting President, Prof. Yemi<br />

Osinbajo, was eager to<br />

assent to the appropriation<br />

bill to "move the country<br />

forward," he could only do<br />

so on two major conditions:<br />

that <strong>NASS</strong> would not insist<br />

on the full implementation<br />

of the "imported <strong>400</strong><br />

projects" and would not also<br />

accuse the executive of not<br />

implementing the budget<br />

in full.<br />

It will be recalled that the<br />

<strong>Presidency</strong> proposed a<br />

budget of N7.3 trillion in<br />

December 2016 but the<br />

<strong>NASS</strong> jerked it to N7.44<br />

trillion.<br />

But Senate Leader,<br />

Ahmed Lawan, defended<br />

the increase of the budget<br />

by N143 billion, saying that<br />

it would take care of vital<br />

projects, such as the second<br />

runway for the Nnamdi<br />

Azikiwe International<br />

Airport and others.<br />

Female IDPs accuse<br />

soldiers of demanding sex<br />

in exchange for favours<br />

•It's another blackmail —Defence<br />

spokesman<br />

By Kingsley<br />

Omonobi, Abuja,<br />

with agency reports<br />

M AIDUGURI—<br />

SOME victims of the<br />

conflict in the North-East<br />

have accused soldiers and<br />

members of the civilian Joint<br />

Task Force, JTF, of raping<br />

women and girls in internally<br />

displaced persons, IDPs,<br />

camps and a hospital in<br />

Borno State.<br />

The victims in a petition<br />

sent under the Knifar<br />

Movement, a body<br />

advocating the rights of<br />

displaced persons, called on<br />

the National Assembly to<br />

come to their rescue.<br />

But the military authorities<br />

in a swift reaction, yesterday,<br />

dismissed allegations as<br />

another blackmail against<br />

soldiers assigned to ensure<br />

order and safety in IDPs<br />

camps.<br />

The victims said the<br />

alleged harassment had<br />

continued unabated since<br />

2015 when they were<br />

displaced from their homes<br />

as a result of the insurgency<br />

in the region.<br />

They also alleged that 466<br />

of them have died in Bama<br />

Hospital camp, while 279<br />

others in the area are being<br />

detained in military barracks<br />

and Maiduguri maximum<br />

prison “for offences they did<br />

not commit.”<br />

The victims demanded the<br />

release of their people in<br />

“illegal detention.”<br />

“First, we sold our<br />

jewellery to them to get food.<br />

Then we sold our clothes.<br />

When we didn’t have<br />

anything left, they asked for<br />

sex. Young women were<br />

forced to date the civilian JTF<br />

members and soldiers to feed<br />

London terror attacks<br />

sickening, atrocious<br />

— Osinbajo<br />

By Emma Ujah,<br />

Abuja Bureau Chief<br />

A BUJA—ACTING<br />

President, Prof. Yemi<br />

Osinbajo, yesterday,<br />

condemned, in strong<br />

terms, the terror attacks on<br />

London, the United<br />

Kingdom.<br />

The condemnation was<br />

contained in a statement by<br />

Senior Special Assistant to<br />

the President on Media &<br />

Publicity, Office of the Vice<br />

President, Mr. Laolu<br />

Akande.<br />

Prof. Osinbajo called for<br />

greater global collaboration<br />

with a view to eliminating<br />

extremist ideologies from<br />

the world.<br />

their children,” the petition<br />

read.<br />

“Most of us arrived in<br />

Bama Hospital camp by the<br />

end of 2015 and early 2016.<br />

We were initially only given<br />

food once in a day, just maize<br />

flower. There was not<br />

enough water either. If you<br />

wanted more food, you had<br />

to pay the civilian JTF and<br />

soldiers who guarded the<br />

camp.<br />

“If they would hand out<br />

extra food, the women had<br />

to pay by giving them sex.<br />

Sexual violence and rape by<br />

the civilian JTF and soldiers<br />

were rampant.<br />

“Even after we moved to<br />

Maiduguri, some of our<br />

women and girls are still<br />

being harrassed by the<br />

civilian JTF and soldiers. We<br />

also continue to hear from our<br />

people back in Bama<br />

hospital and Banki camp that<br />

the sexual abuse continues.”<br />

It's another<br />

orchestrated blackmail<br />

—Defence spokesman<br />

Meanwhile, Director of<br />

Defence Information, Major<br />

General John Enenche, told<br />

Vanguard in a telephone<br />

chat, yesterday, that the<br />

Army or the military had no<br />

direct access to the IDPs or<br />

administration of the camps,<br />

saying that aspect was being<br />

handled by the civil<br />

authorities.<br />

According to Enenche:<br />

“The military only provides<br />

security for the camps from<br />

attacks by Boko Haram or<br />

attacks from hoodlums.<br />

This is done outside the<br />

perimeter fencing. So there<br />

is no way any soldier can<br />

be inside the camp<br />

soliciting for sex. It is<br />

another orchestrated<br />

blackmail."<br />

The statement read:<br />

“Acting President Yemi<br />

Osinbajo, SAN, strongly<br />

condemns the sickening<br />

atrocity perpetrated by a<br />

misguided and cowardly<br />

group of terrorists, who<br />

attacked innocent persons<br />

in the London Bridge area<br />

on Saturday night.<br />

“Prof Osinbajo states that<br />

Nigeria stands with the<br />

g<strong>over</strong>nment and people of<br />

the United Kingdom and<br />

extends our condolences to<br />

the families of the victims.<br />

“The acting president<br />

notes that the latest attack<br />

in the UK reinforces the<br />

need for the global<br />

community to act with<br />

greater vigour to <strong>over</strong>come<br />

the extremist ideologies<br />

which underpin terrorism.”


Vanguard, MONDAY, JUNE 5, 2017 — 9


10—VANGUARD, MONDAY, JUNE 5, 2017<br />

:Vanguard News :@vanguardnews :@vanguardnews NEWS HOTLINES: 08052867023, 08052867058<br />

PPPRA failed to remit N167bn to<br />

FERMA — Gaya<br />

By Omeiza Ajayi<br />

ABUJA—<br />

Former<br />

g<strong>over</strong>nor of Kano<br />

State, Senator Kabiru Gaya,<br />

has accused the Petroleum<br />

Products Pricing and<br />

Regulatory Agency,<br />

PPPRA, of failing to remit<br />

about N167 billion to the<br />

Federal Roads<br />

Maintenance Agency,<br />

FERMA, in the past seven<br />

years.<br />

Gaya, who represents<br />

Kano South Senatorial<br />

District in the Senate, in an<br />

interview with journalists in<br />

Abuja, yesterday, urged<br />

Nigerians not to panic <strong>over</strong><br />

alleged moves by the<br />

Senate to increase the<br />

pump price of petroleum<br />

products by N5.<br />

According to him, there is<br />

no need to panic because<br />

the issue has not been<br />

discussed on the floor of the<br />

Senate.<br />

He said: “In the last<br />

seven years, I have been in<br />

the Senate. There was a N5<br />

levy for which the Petroleum<br />

Products Pricing and<br />

Regulatory Agency,<br />

PPPRA, was supposed to<br />

be deducted, not to<br />

increase, even when pump<br />

price was sold at N87 per<br />

litre from the amount sold<br />

and remit to FERMA to<br />

maintain roads.<br />

“From our calculation,<br />

Stopping gas flaring’ll boost<br />

Nigeria’s revenue — NNPC<br />

By Michael Eboh<br />

ABUJA—<br />

THE<br />

Nigerian National<br />

Petroleum Corporation,<br />

NNPC, yesterday, stated<br />

that Nigeria’s revenue<br />

would grow significantly if<br />

a law prohibiting gas<br />

flaring by oil and gas<br />

companies operating in<br />

Nigeria was enacted.<br />

Group Managing<br />

Director of NNPC, Dr.<br />

Maikanti Baru, made this<br />

submission during a oneday<br />

public hearing on Gas<br />

Flaring Prohibition Bill<br />

2017 at the National<br />

Assembly in Abuja,<br />

weekend.<br />

Baru, who was<br />

represented by Managing<br />

Director of Nigerian<br />

Petroleum Development<br />

Company, NPDC, Mr.<br />

Yusuf Matashi, stated that<br />

the NPDC, the exploration<br />

and production arm of the<br />

NNPC, was already going<br />

ahead to see that the<br />

monetization of flared gas<br />

was realised, despite the<br />

challenges of the past.<br />

He noted that the NPDC<br />

was the highest gas<br />

supplier to Nigerian<br />

domestic market and was,<br />

therefore, committed to the<br />

reduction and elimination<br />

of gas flaring to generate<br />

more revenue for the<br />

country.<br />

He said the NNPC had<br />

put in place measures and<br />

facilities to curb gas flaring<br />

preparatory to the 2020 flare<br />

out deadline by the<br />

Department of Petroleum<br />

Resources, DPR.<br />

Baru expressed NNPC’s<br />

strong support for the<br />

legislation to reduce gas<br />

flaring, adding that the<br />

corporation considered the<br />

legislation from the<br />

financial benefits it<br />

promises to capture rather<br />

•Insists no plan to increase fuel price<br />

PPPRA has not paid N167<br />

billion to FERMA . I raised<br />

this issue then and wanted<br />

to continue this time again<br />

that the same N5, which<br />

was supposed to be paid<br />

before and they didn’t pay<br />

and now should also be<br />

deducted, reduced and<br />

removed from the N145 not<br />

to increase."<br />

Gaya, who is the<br />

Chairman, Senate<br />

Committee on Works, said<br />

there was a deliberate<br />

distortion of facts with<br />

regards to the Road Fund<br />

Bill proposed by his<br />

committee.<br />

He said it was clear that<br />

some people were out to<br />

LAUNCHING: From left, Deji Oguntonade, Head, FINTECH, Guranty<br />

Trust Bank; Segun Agbaje, Group Managing Director; Bolaji Lawal, Executive<br />

Director/Head, Digital Banking, and Sina Ayegbusi, Chief Technology Officer,<br />

all of GTBank, at the launch of GTWorld Mobile APP, in Lagos.<br />

than seeing it from the<br />

point of view of penalty.<br />

Also speaking, Senate<br />

President, Dr. Bukola<br />

Saraki, who was<br />

represented by Deputy<br />

Minority Leader, Senator<br />

Bala Ibn Nallah, while<br />

declaring open the public<br />

hearing, said the issue of<br />

gas flaring was a national<br />

embarrassment, adding<br />

that the 8th Senate was<br />

committed to enacting a<br />

legislation that would end<br />

gas flaring in the country.<br />

He said: “Gas flaring is<br />

as old as crude oil<br />

exploration in the country.<br />

We are, therefore,<br />

committed to this<br />

legislation which seeks to<br />

put an end to gas flaring<br />

which has deprived the<br />

nation of huge revenue,<br />

impacted the lives of oil<br />

producing areas negatively<br />

and depleted the ozone<br />

layers.”<br />

make mountains out of a<br />

mole hill, adding that it was<br />

an attempt to dent his<br />

image and that of the<br />

g<strong>over</strong>nment of President<br />

Muhammadu Buhari by<br />

mischief makers, who<br />

should rather educate the<br />

public on the true position<br />

of the bill.<br />

He said: “People are<br />

complaining because they<br />

don’t know the challenges<br />

before members of the<br />

Senate Committee on<br />

Works. We have a lot of work<br />

to do because there are<br />

about 34 projects that were<br />

not included in the 2016<br />

budget but we made sure<br />

that they are now included<br />

in the 2017 budget."<br />

CJN okays<br />

Mustapha as<br />

new S-Court<br />

Chief<br />

Registrar<br />

By Ikechukwu<br />

Nnochiri<br />

ABUJA — THE Chief<br />

Justice of Nigeria, CJN,<br />

Justice Walter Onnoghen,<br />

has okayed the appointment<br />

of Mrs. Hadizatu Uwani<br />

Mustapha as the new Chief<br />

Registrar of the Supreme<br />

Court.<br />

A statement from the CJN,<br />

yesterday, indicated that<br />

Mrs. Mustapha will assume<br />

office on July 1, to replace<br />

the current Chief Registrar,<br />

Mr. Ahmad Gambo Saleh.<br />

The statement further<br />

revealed that Saleh will on<br />

the same day resume in his<br />

new position as the Secretary<br />

of the National Judicial<br />

Council, NJC.<br />

Mrs. Mustapha’s<br />

elevation to the apex court<br />

was contained in a Letter of<br />

Offer of Appointment dated<br />

May 31 and signed by the<br />

Secretary of the Federal<br />

Judicial Service<br />

Commission, FJSC, Mrs.<br />

Bilkisu Bashir.<br />

According to the CJN,<br />

“Mrs. Mustapha emerged<br />

from a strong field of six<br />

applicants interviewed by<br />

the FJSC on May 30.”<br />

Until her appointment,<br />

Mrs. Mustapha was the<br />

Deputy Chief Registrar of<br />

the Sharia Court of Appeal<br />

of the Federal Capital<br />

Territory, FCT.<br />

According to a<br />

statement,“Born in Gwoza,<br />

Borno State, on August 8,<br />

1961, Mrs. Mustapha holds<br />

a Bachelor of Law (LL.B)<br />

degree from the University<br />

of Maiduguri, which she<br />

earned in 1984 before<br />

attending the Nigerian Law<br />

School, Victoria Island,<br />

Lagos, for her Barrister at<br />

Law (BL) programme in<br />

1985."<br />

Leaked tape: Adeyemi<br />

asks NJC, DSS, others to<br />

probe Melaye, judge<br />

By Omeiza Ajayi<br />

A BUJA—IMMEDIATE<br />

past senator, who<br />

represented Kogi West<br />

Senatorial District, Smart<br />

Adeyemi, has asked the<br />

National Judicial Council,<br />

NJC, and Department of<br />

State Service, DSS, to probe<br />

the judgment of Kogi State<br />

Election Tribunal, which<br />

dismissed his petition, and<br />

declared Dino Melaye as<br />

duly elected senator for the<br />

district.<br />

Speaking with journalists,<br />

yesterday, in Abuja, while<br />

reacting to a leaked<br />

telephone conversation<br />

alleged to have involved<br />

Senator Melaye and the<br />

chairperson of the tribunal,<br />

Justice Akon Ikpeme,<br />

Adeyemi also called on<br />

anti-graft agencies to wade<br />

into the matter.<br />

He said: “I, hereby, call<br />

for a thorough investigation<br />

by the appropriate<br />

authorities, that is, the<br />

Chief Justice of the<br />

Federation, Minister of<br />

Justice and Attorney-<br />

General of the Federation,<br />

National Judicial Council,<br />

NJC; Economic and<br />

Financial Crimes<br />

Commission, EFCC;<br />

Independent Corrupt<br />

Practices and other Related<br />

Offences Commission,<br />

ICPC, and Department of<br />

State Service, DSS.<br />

“I hold the view that the<br />

Justice Akon Ikpeme-led<br />

panel has the burden to<br />

come out and prove their<br />

innocence to the world,<br />

especially as touching on<br />

the recent leaked telephone<br />

conversation between her<br />

and a litigant in her<br />

tribunal, in the person of<br />

Dino Melaye.”<br />

Sen. Melaye has,<br />

however, denied having<br />

any such conversation with<br />

the judge, saying his<br />

accusers were only envious<br />

of his rising profile.<br />

He said: “Sahara<br />

Reporters and awada<br />

kerikeri using voice <strong>over</strong> to<br />

malign me because my<br />

case with them comes up a<br />

in few days time (5th June<br />

2017),” the senator had<br />

tweeted.<br />

However, Adeyemi said<br />

an expert analysis of the<br />

leaked audio tape would<br />

prove otherwise.<br />

“If my brother Dino<br />

denies the audio clip, let<br />

him look at the mirror before<br />

him, the person will appear.<br />

For two years I kept praying<br />

to God to make a show of<br />

shame of all conspirators<br />

against me at the tribunal.<br />

By the power of God, more<br />

revelations would still<br />

come,” he stated.<br />

FG raises alarm <strong>over</strong><br />

worsening cases of fake<br />

news<br />

ABUJA— THE Federal<br />

G<strong>over</strong>nment has<br />

urged Nigerians to be extra<br />

vigilant in view of the<br />

worsening cases of fake<br />

news being spread by<br />

unscrupulous persons,<br />

who are bent on<br />

destabilizing the polity and<br />

causing disunity among<br />

the country’s various ethnic<br />

and religious groups.<br />

In a statement issued in<br />

Abuja, yesterday, Minister<br />

of Information and Culture,<br />

Alhaji Lai Mohammed,<br />

said <strong>over</strong> this weekend<br />

alone, several major cases<br />

of fake news were<br />

recorded, each of them<br />

capable of causing panic,<br />

triggering chaos or setting<br />

one group against the<br />

other.<br />

He said a gory video of a<br />

blast that occurred many<br />

years ago was being<br />

circulated along with the<br />

false news of a bomb blast<br />

in Abuja, while news of a<br />

non-existent bomb blast in<br />

Lagos was also widely<br />

circulated, forcing the<br />

police to promptly debunk<br />

the fake news.<br />

Mohammed also said the<br />

latest strategy being employed<br />

by the purveyors of<br />

fake news was to attribute<br />

to top g<strong>over</strong>nment officials<br />

improbable statements<br />

that were capable of<br />

destabilizing the polity,<br />

causing tension and<br />

threatening the country’s<br />

unity.<br />

"This is why we are<br />

appealing to Nigerians not<br />

to ever engage in a kneejerk<br />

reaction to any news,<br />

and to subject every<br />

information to a very<br />

serious scrutiny by<br />

checking with security<br />

agencies and g<strong>over</strong>nment<br />

spokespersons,’’ he said.<br />

The minister described<br />

the fake news phenomenon<br />

as ‘the scourge of our times’<br />

which will probably get<br />

worse in the months ahead,<br />

hence the need for all<br />

Nigerians to be very<br />

vigilant so that fake news<br />

purveyors do not succeed<br />

in their quest to sow the<br />

seeds of chaos and<br />

confusion.<br />

He also appealed to the<br />

traditional media, which<br />

had a reputation to protect,<br />

to join the campaign<br />

against the purveyors of<br />

fake news.


VANGUARD, MONDAY, JUNE 5, 2017 — 11<br />

:Vanguard News :@vanguardnews :@vanguardnews NEWS HOTLINES: 08052867023, 08052867058<br />

LAGOS SCHOOL KIDNAP: Abductors<br />

reject N2m ransom offer, relocate victims<br />

By Evelyn Usman<br />

L<br />

A G O S —<br />

INDICATION<br />

emerged yesterday that<br />

the six Senior Secondary<br />

School students who were<br />

abducted at the Lagos<br />

Model Collage, Igbonla,<br />

Epe, 11 days ago, have<br />

been relocated to another<br />

camp outside Lagos and<br />

Ogun creeks.<br />

The kidnappers had<br />

given parents of the<br />

abducted students<br />

Tuesday last week<br />

deadline to pay N20<br />

million ransom for the<br />

release of each of the<br />

students, threatening to<br />

relocate them if their<br />

demand was not met.<br />

On the expiration of the<br />

deadline, three members<br />

of the gang who had gone<br />

to survey the waterways<br />

prior to the planned<br />

relocation were arrested<br />

in Benin, the Edo state<br />

capital, by operatives of<br />

the Inspector-General of<br />

Police Intelligence<br />

Response Team, IRT, last<br />

Tuesday<br />

But Vanguard gathered<br />

that the relocation of the<br />

student was done at the<br />

early hours of yesterday<br />

through a new route in the<br />

creeks between the border<br />

of Lagos and Ogun states.<br />

Aside, earlier threat to<br />

relocate the students,<br />

another major reason for<br />

the relocation as gathered<br />

was dwindling food supply<br />

to the camp.<br />

Yesterday’s relocation<br />

was the second time the<br />

abducted students would<br />

be moved from one<br />

kidnappers den to another.<br />

The first relocation was<br />

done upper weekend, two<br />

days after the abduction.<br />

Policemen comprising<br />

those from the Lagos State<br />

Police command, Marine<br />

Unit and the IGP Intelligent<br />

Team who stormed the first<br />

camp where the students<br />

were kept, engaged some<br />

kidnappers found at the<br />

camp in a gun duel.<br />

In the process,two boats<br />

belonging to the militants<br />

were sunk, while some<br />

gang members managed<br />

to escape. However when<br />

checks were conducted<br />

round the camp, the<br />

students were not found.<br />

There were reportedly<br />

indications that they were<br />

moved out few hours<br />

before the operatives’<br />

arrived.<br />

Meanwhile, Vanguard<br />

was informed that a parent<br />

of one of the victims, who<br />

was contacted at the early<br />

hours of Saturday by the<br />

kidnappers, was asked to<br />

bring his own part of<br />

ransom. The parent, as<br />

reliably gathered, was<br />

EKITI FUEL CRISIS: Jubilation as Fayose, oil marketers<br />

end face-off<br />

A DO-EKITI—WILD<br />

jubilation yesterday<br />

greeted the end to a threeweek<br />

face-off between Ekiti<br />

State G<strong>over</strong>nor, Ayodele<br />

Fayose and oil marketers in<br />

the state as the two parties<br />

agreed to sheath their<br />

swords after a peace<br />

meeting brokered by<br />

G<strong>over</strong>nor Rauf Aregbesola<br />

of Osun State, in Osogbo<br />

yesterday.<br />

According to Fayose’s<br />

Alake writes FG <strong>over</strong> plan to scrap FUNAAB course<br />

By Daud Olatunji<br />

A BEOKUTA—THE<br />

Alake and Paramount<br />

Ruler of Egbaland, Oba<br />

Michael Gbadebo has<br />

protested against the plan<br />

by the Federal G<strong>over</strong>nment<br />

to scrap the College of<br />

Management Sciences,<br />

COLMAS, at the Federal<br />

University of Agriculture,<br />

Abeokuta.<br />

The Alake’s letter, dated<br />

May 15, 2017 sent to<br />

President Muhammadu<br />

Buhari and his Vice, Prof.<br />

asked to take the money to<br />

a location at Odogunyan<br />

area of Ikorodu at a<br />

specified time.<br />

However on reaching<br />

the designated point,the<br />

caller changed the<br />

collection point four times<br />

without showing up.<br />

The parent who went with<br />

N2 million, as reliably<br />

gathered, was asked to<br />

come the following day to<br />

another location in<br />

Shagamu, with an<br />

instruction to put the same<br />

cloth he wore. Again, he<br />

reportedly waited close<br />

to six hours without any<br />

sign of anyone coming to<br />

pick the money.<br />

UNVEILING: From left; Company Secretary, Sterling Bank Plc, Justina Lewa;<br />

Sterling Bank’s Environmental Make-Over Ambassador, Olumide Adedeji<br />

(BADOO) and Group Head, Brand Management and Communications,<br />

Sterling Bank Plc,Mr. Henry Bassey during the unveiling of Olumide Adedeji<br />

as Sterling Bank’s Environmental Make-Over Ambassador in Lagos.<br />

Chief Press Secretary,<br />

Idowu Adelusi, a<br />

communique from the<br />

peace meeting was signed<br />

by g<strong>over</strong>nors Fayose and<br />

Aregbesola, the Nigerian<br />

Union of Petroleum and<br />

Natural Gas Workers,<br />

NUPENG’s General<br />

Secretary, Joseph Ogbebor;<br />

Independent Petroleum<br />

Marketers Association of<br />

Nigeria, IPMAN’s Zonal<br />

Chairman, Debo Ahmed<br />

and PTD NUPENG’s<br />

National Vice Chairman,<br />

Yemi Osinbajo was sent<br />

through a member of<br />

Abeokuta South Federal<br />

Constituency, Olusegun<br />

Williams, while the Senator<br />

representing Ogun Central<br />

at the National Assembly,<br />

Dr. Lanre Tejuoso was<br />

copied.<br />

A copy of the letter was<br />

obtained by Vanguard<br />

through the Alake’s media<br />

aide and the Aare Baaroyin<br />

of Egbaland, Olootu Layi<br />

Labode, yesterday in<br />

Abeokuta.<br />

The plan by the Federal<br />

Solomon Kilanko.<br />

The resolutions are that:<br />

*An ad-hoc committee be<br />

constituted to fashion out in<br />

clear terms the conditions<br />

and guidelines for the<br />

establishment and<br />

operations of filling stations<br />

in Ekiti State;<br />

*The committee<br />

comprising representatives<br />

of Ekiti State G<strong>over</strong>nment<br />

and oil and gas stakeholders<br />

shall commence work on<br />

Wednesday 7th June, 2017;<br />

*In the spirit of<br />

g<strong>over</strong>nment, according to<br />

the Alake, was<br />

communicated through the<br />

announcement of a<br />

directive by the Minister of<br />

Education, Adamu Adamu,<br />

to the effect that Specialized<br />

Universities should stop<br />

running Management<br />

Courses.<br />

The paramount ruler said<br />

the action has caused a big<br />

disquiet in Nigeria,<br />

especially in all the areas<br />

where the enormous<br />

advantages of such<br />

universities are appreciated.<br />

reconciliation, Ekiti State<br />

G<strong>over</strong>nment agreed to<br />

reverse the revocation of<br />

some Certificates of<br />

Occupancy of landed<br />

properties on which filling<br />

stations are built, except the<br />

ones on waterways, canals<br />

and where there is no<br />

justification for such<br />

revocation;<br />

*In that same spirit, the<br />

g<strong>over</strong>nment agreed to stop<br />

further demolitions pending<br />

the outcome of the<br />

committee’s report.<br />

Consequently, NUPENG,<br />

IPMAN and other related oil<br />

and gas unions were to<br />

suspend the industrial<br />

action embarked upon by<br />

their members, with<br />

immediate effect.<br />

LAGOS LG POLLS: APC submits<br />

candidates, after ‘rat race’<br />

By Emmanuel Aziken,<br />

Political Editor<br />

THE<br />

All<br />

Progressives<br />

Congress, APC in Lagos<br />

State has forwarded its<br />

candidates for chairmen and<br />

councillors in the<br />

forthcoming local<br />

g<strong>over</strong>nment area elections<br />

to the Lagos State<br />

Independent Electoral<br />

Commission, LASIEC,<br />

Senator Tokunbo<br />

Afikuyomi, chairman of the<br />

electoral panel, which<br />

conducted the primaries said<br />

last night.<br />

In a statement made<br />

available to Vanguard,<br />

Senator Afikuyomi also<br />

explained that the heat<br />

generated by the primaries<br />

was on account of what he<br />

described as the “rat race”<br />

by the contenders, who<br />

knew that winning the APC<br />

ticket was as good as being<br />

elected.<br />

Besides, he said that the<br />

APC leadership in the state<br />

relied on primaries and<br />

consensus in choosing<br />

candidates for the election.<br />

That decision, however,<br />

sparked crises in several<br />

areas and more notably in<br />

Surulere, Shomolu, Amuwo<br />

By Dayo Johnson<br />

AKURE—THE crisis<br />

in the Ondo State<br />

Chapter of the All<br />

Progressives Congress,<br />

APC, deepened weekend,<br />

as the embattled State<br />

Chairman, Hon Isaac<br />

Kekemeke, described the<br />

vote of no confidence<br />

passed on him as<br />

scandalous and irritating.<br />

Kekemeke insisted that<br />

he remained the<br />

unshakable elected state<br />

chairman of the ruling<br />

party.<br />

Some members of the<br />

State Executive Council,<br />

SEC, passed a vote of no<br />

confidence on the<br />

Odofin and Oshodi where<br />

one person died in a brush<br />

between party supporters.<br />

Afikuyomi in the<br />

statement said:<br />

“Our party’s constitution<br />

provides for both direct and<br />

indirect primaries to pick the<br />

candidates. In its wisdom,<br />

the APC leadership in<br />

Lagos opted for a<br />

combination of primaries<br />

and the consensus option<br />

in compliance with the<br />

provisions of Articles 20<br />

(ii)a, (iii)a and 21(xi) of the<br />

APC Constitution.<br />

“That was done to ensure<br />

the emergence of real<br />

grassroots leaders and<br />

knowledgeable party men<br />

and women who can<br />

positively impact the lives of<br />

the people at the local level,<br />

who can make the muchneeded<br />

difference in<br />

g<strong>over</strong>nance and deliver<br />

dividends of democracy to<br />

our people. This is what we<br />

need to complement the<br />

wonderful work G<strong>over</strong>nor<br />

Akinwunmi Ambode has<br />

been doing.<br />

“The process had started<br />

from the stakeholders’<br />

meeting where the<br />

decision on the modality<br />

for the election were<br />

taken and ratified.''<br />

I remain Ondo APC chairman<br />

— KEKEMEKE<br />

Chairman for failing to<br />

discharge his<br />

responsibilities, neglect<br />

and dereliction of duty,<br />

among other offences .<br />

A three-man facts finding<br />

disciplinary committee was<br />

immediately set up to<br />

investigate the former<br />

Chairman while his deputy<br />

Ade Adetimehin was<br />

directed to act in his stead.<br />

But reacting to the<br />

decision of the SEC,<br />

Kekemeke said; “This<br />

scandalous and irritating<br />

move prompted by a<br />

promise of pot of porridge<br />

for the action by a segment<br />

of party executive, though<br />

not unexpected, beats the<br />

imagination of many<br />

reasonable party people.''


12—VANGUARD, MONDAY, JUNE 5, 2017<br />

:Vanguard News :@vanguardnews :@vanguardnews NEWS HOTLINES: 08052867023, 08052867058<br />

NUPENG vows to shut down oil industry<br />

By Victor Ahiuma-<br />

Young<br />

NIGERIA Union of<br />

Petroleum and<br />

Natural Gas Workers,<br />

NUPENG, weekend,<br />

vowed to shut down the oil<br />

sector and the entire<br />

country, should the Federal<br />

G<strong>over</strong>nment go ahead to<br />

hand <strong>over</strong> the Port Harcourt<br />

Refineries and Petrol<br />

Chemicals, PHRC, to<br />

Oando as planned,<br />

ignoring the recent<br />

resolution by the Senate<br />

halting the agreement by<br />

the g<strong>over</strong>nment and Oando<br />

<strong>over</strong> PHRC.<br />

Speaking with journalists<br />

in Lagos, President of<br />

NUPENG, Mr Igwe<br />

Achese, insisted that there<br />

was no way the oil workers<br />

would allow what<br />

happened in the electricity<br />

sector where Nigerians<br />

were short-changed and<br />

now made to pay for<br />

darkness instead of light, to<br />

happen to PHRC.<br />

NUPENG president,<br />

who is also the Deputy<br />

President of United Labour<br />

Congress of Nigeria, ULC,<br />

contended that the<br />

supposed agreement<br />

entered into between the<br />

Federal G<strong>over</strong>nment and<br />

Oando unilaterally without<br />

the involvement of<br />

stakeholders was<br />

unacceptable.<br />

He said: “We have<br />

continued to wonder why<br />

the sale of public assets such<br />

as the Port Harcourt<br />

Refineries is being done in<br />

secret. Whether you are<br />

bringing in foreign<br />

investors, direct or indirect<br />

partnership or whatever,<br />

Navy boosts Delta community's medicare<br />

By Gab Ejuwa<br />

O GHARA—THE<br />

Nigerian Naval<br />

Logistics Command<br />

Headquarters, Oghara,<br />

Delta State, in exercise<br />

of its social<br />

responsibility, has<br />

deployed its medical<br />

team to various sections<br />

of its host community in<br />

Oghara, Delta State, to<br />

treat people of the area<br />

of malaria, de-worming<br />

of children, laboratory<br />

tests and distribution of<br />

knowing that there are<br />

stakeholders in this sector<br />

and these stakeholders are<br />

also tax payers, you don’t<br />

just take any decision at<br />

will. There are workers,<br />

host communities, local<br />

g<strong>over</strong>nment and even state<br />

g<strong>over</strong>nment who are critical<br />

stakeholders. They cannot<br />

just be ignored.<br />

“Among all these<br />

stakeholders, more<br />

importantly, the workers<br />

who are the operators of the<br />

assets, their future is being<br />

mosquito nets.<br />

According to the Flag<br />

Officer Commanding,<br />

Rear Admiral Belgory<br />

Elvis Ibe-Enwo, “The<br />

exercise is to further<br />

strengthen the<br />

harmonious and<br />

amicable relationship<br />

between the military and<br />

the civilians in the<br />

community.<br />

“This programme<br />

provides free medical<br />

test and care for the rural<br />

people and it is not the<br />

first by the Nigerian<br />

mortgaged. Don’t they<br />

deserve to know what<br />

happens to their future? It<br />

is unfortunate that each<br />

successive civilian<br />

administration tends to be<br />

autocratic and yet we are<br />

in a democracy. Worst of all<br />

is the fact that we are<br />

beginning to see that some<br />

of the policies and the way<br />

the policies are being<br />

thrown at us, are marks of<br />

an autocratic system of<br />

g<strong>over</strong>nment where the<br />

norms and principles of<br />

democracy do not matter."<br />

Navy. While it is done<br />

annually in the Navy,<br />

this is, however, the<br />

maiden edition in<br />

Oghara and environs.<br />

We aim to reduce<br />

diseases in our local<br />

communities and<br />

improve the health care<br />

in the rural area.<br />

“The peoples’ response<br />

is very positive. The<br />

turn up is good and we<br />

hope that the next time<br />

it will be organised,<br />

more people will turn<br />

up.”<br />

DEDICATION OF BAYELSA STATE GOVERNOR'S<br />

CHILDREN IN YENAGOA PHOTOS: NWAKPA CHIJIOKE<br />

A reception to mark the dedication of Bayelsa State G<strong>over</strong>nor's Children was held in Yenagoa, the state capital,<br />

yesterday. Photos: Nwankpa Chijioke.<br />

From left: Sen. Foster Ogola; Bayelsa State Deputy G<strong>over</strong>nor, Rear Admiral<br />

Gboribiogha John Jonah (retd); Bayelsa State G<strong>over</strong>nor, Mr. Seriake Dickson<br />

and wife, Racheal.<br />

G<strong>over</strong>nor Dickson (middle); his wife, Racheal (left) and Deputy G<strong>over</strong>nor,<br />

John Jonah.<br />

From left: Alabo Tonye Graham-Douglas; Amb. Godknows Igali, ex-<br />

Permanent Secretary, Federal Ministry of Power and Labaran Maku, former<br />

Minister of Information and Communication.<br />

From left: Mr Boma Obuoforibo, President, Ijaw National Congress; Chief<br />

David Spiff, Secretary to Bayelsa State G<strong>over</strong>nment and wife.


VANGUARD, MONDAY, JUNE 5, 2017—13<br />

:Vanguard News :@vanguardnews :@vanguardnews NEWS HOTLINES: 08052867023, 08052867058<br />

Itsekiri debates on Warri, maritime varsity<br />

unnecessary —Ijaw group<br />

By Emma Amaize<br />

W ARRI—IJAW<br />

P e o p l e ’ s<br />

Development Initiative,<br />

IPDI, Warri, Delta State,<br />

yesterday, joined issues<br />

with the Iwere People<br />

Congress, IPC and Niger<br />

Delta Omega, both Itsekiri<br />

groups, <strong>over</strong> their separate<br />

contentions on the<br />

ownership of Warri and<br />

ultimatum to rename the<br />

location of Nigerian<br />

Maritime University,<br />

NMU, Okerenkoko,<br />

describing their<br />

outpourings as needless<br />

distractions.<br />

The Ijaw rights group, in<br />

a statement by the national<br />

president, Austin Ozobo,<br />

said: “The IPC was clearly<br />

out to mislead the public,<br />

as it is not true that leases<br />

B2 c<strong>over</strong>ing 360 acres and<br />

B5 c<strong>over</strong>ing 180 acres,<br />

erroneously referred to be<br />

350 acres by the Itsekiri,<br />

were granted by Chief<br />

Dore Numa and other<br />

Itsekiri chiefs, acting for and<br />

on behalf of the Olu of<br />

Warri.<br />

“Dore Numa was an<br />

agent of g<strong>over</strong>nment and<br />

never acted on behalf of<br />

Jekri (Sekiri). Though, he<br />

annexed people’s lands<br />

under the c<strong>over</strong> of<br />

g<strong>over</strong>nment, Ogbe-Ijoh<br />

people are the owners of<br />

Warri. Dore was not an<br />

indigene of Warri. He was<br />

from Benin River, another<br />

Ijaw territory. The lands in<br />

question were leased to<br />

Royal Niger Company and<br />

United Africa Company,<br />

UAC, by Ogbe-Ijoh<br />

people. Dore only acted as<br />

a representative.<br />

“It is not true that the<br />

leases do not indicate<br />

ownership as claimed by<br />

IPC or that the lands do not<br />

have ownership<br />

consequent upon the lease.<br />

If truly the lands were free<br />

lands that were occupied by<br />

g<strong>over</strong>nment and the said<br />

companies, there would<br />

have been no need for<br />

deed or lease agreements<br />

by such companies and the<br />

Warri Province<br />

g<strong>over</strong>nment.<br />

“It will interest you to note<br />

that several letters of<br />

disclaimer of Title of land<br />

Delta NUJ elects Ikeogwu as Chairman<br />

...Vanguard’s Akuopha emerges Fin Sec<br />

...as Okowa hails Ikeogwu<br />

By Festus Ahon Oyowe, Secretary;<br />

A SABA—NIGERIA<br />

Celestine Afokobah,<br />

Assistant Secretary; Joy<br />

Union of Mordi, Treasurer;<br />

Journalists, NUJ, Delta Ochuko Akuopha of<br />

State Council, has elected Vanguard Newspapers,<br />

Michael Ikeogwu as its Financial Secretary and<br />

Chairman. Ikeogwu Salvation Ogono, Auditor.<br />

polled 156 votes to defeat Speaking after his<br />

his closest opponent, election, lkeogwu, who is<br />

Fidelis Egugbo, who got the Uvwie Bureau Chief<br />

130 votes.<br />

of The Pointer Newspaper<br />

Also elected were said the welfare,<br />

Patrick Ochei, Vice empowerment and unity<br />

Chairman; Churchill of journalists across the<br />

King Diete-Spiff, Monalisa Chinda get<br />

Garden City Advancement Awards<br />

By Joseph Erunke<br />

A BUJA—FIRST<br />

Military g<strong>over</strong>nor<br />

of old Rivers State, King<br />

Alfred Diete-Spiff, has<br />

been nominated for the<br />

2017 edition of the<br />

prestigious Garden City<br />

Advancement Awards,<br />

GCAA.<br />

Mr Robinson Koyoyo,<br />

Project Director of<br />

GCAA, told newsmen<br />

that foremost Nigerian<br />

were written by Numa<br />

Dore. Dore’s letter of<br />

disclaimer to Agbassa<br />

Uhrobo people was dated<br />

February 28, 1923, while<br />

the one for Ogbe-Ijoh<br />

people was written and<br />

dated November 10, 1923.<br />

Dore’s letter of disclaimer<br />

of title written to His<br />

Lieutenant-G<strong>over</strong>nor was<br />

dated February 23, 1923.<br />

The letters were forwarded<br />

to the Commissioner of<br />

Lands, Lagos, from the<br />

resident, Warri Province,<br />

Warri, on March 19, 1923.<br />

“We have read the<br />

purported Appeal Court<br />

judgments of 1923 and<br />

1931 respectively referred<br />

Actress, Monalisa<br />

Chinda and the current<br />

SSG of Rivers State,<br />

Kenneth Kobani, were<br />

also nominated for the<br />

awards.<br />

Other nominees for the<br />

awards, which will hold<br />

in October, include<br />

Rivers State Waste<br />

Management Agency,<br />

traditional rulers, as well<br />

as industrialists, veteran<br />

entertainers and leaders<br />

from the region.<br />

to in their mischievous<br />

publication. We have not<br />

seen where the counsel to<br />

the Agbassa Uhrobo<br />

people, S.L Bucknor,<br />

admitted in court that he<br />

was instigated to forge<br />

those documents. Equally,<br />

there was no time Dore<br />

said the letters were forged.<br />

We challenge them to<br />

publish the court<br />

proceedings where<br />

Bucknor allegedly<br />

confessed that he was<br />

instigated to forge the<br />

documents.<br />

“Ijaw ownership of Warri<br />

does not lie on Chief Dore<br />

Numa’s letters but was only<br />

cited as reference as there<br />

Mr Koyoyo said that<br />

the names were among<br />

the list of nominees made<br />

available by organisers<br />

of the awards, Heritage<br />

Plus, an NGO that<br />

celebrates productivity,<br />

excellence and good<br />

g<strong>over</strong>nance.<br />

He said that the<br />

nominees would be<br />

honoured because of<br />

their contributions to the<br />

peace and development<br />

of the region.<br />

was no need relying upon<br />

it in court, since Ijaw<br />

ownership of Warri<br />

predated the existence of<br />

Itsekiri in the current Delta<br />

State.”<br />

On the call on the Federal<br />

G<strong>over</strong>nment to rename<br />

NMU, Okereenkoko<br />

within 14 days, IPDI said,<br />

“We equally condemn the<br />

14- day ultimatum given to<br />

g<strong>over</strong>nment by the Itsekiri<br />

to rename Nigeria<br />

Maritime University,<br />

Okerenkoko.<br />

“Itsekiri should desist<br />

from things that are capable<br />

of causing ethnic discord.<br />

Attempt to rename NMU<br />

will hit the brick wall."<br />

LEATHER FAIR: From left: Founding Member, WIMBIZ, Mrs Adeola<br />

Azeez; Chief Executive Officer, Nigeria Export Promotion Council, NEPC,<br />

Mr. Olusegun Awolowo; Creative Director, FEMIHANDBAGS, Mrs Femi<br />

Olayebi; Executive Director, Small and Medium Enterprises, BoI, Mr Waheed<br />

Olagunju; Chairman, Access Bank Plc, Ms Mosun Belo-Olusoga and Senior<br />

Consultant to Ogun State G<strong>over</strong>nor, Mrs Yewande Amusan, during the Lagos<br />

Leather Fair held in Lagos, weekend.<br />

state were his priority.<br />

Meanwhile, the state<br />

g<strong>over</strong>nor, Dr Ifeanyi<br />

Okowa,<br />

has<br />

congratulated Ikeogwu on<br />

his emergence as<br />

Chairman of the NUJ,<br />

Delta State Council.<br />

Okowa, in a statement<br />

by his Chief Press<br />

Secretary, Charles<br />

Aniagwu, said that<br />

Ikeogwu won a keenly<br />

contested election as all<br />

contestants campaigned<br />

vigorously to earn the<br />

trust and support of their<br />

colleagues.<br />

Saying that Ikeogwu, no<br />

doubt enjoys the<br />

confidence of his<br />

colleagues who<br />

<strong>over</strong>whelmingly elected<br />

him to lead them despite<br />

several postponements of<br />

the election, he<br />

congratulates Fidelis<br />

Egugbo and all others<br />

“who fought gallantly for<br />

various positions. You<br />

may have lost today, but<br />

be rest assured that you<br />

have enriched the<br />

democratic process of the<br />

NUJ.”<br />

Scripture Union celebrates<br />

150yrs, flays cult killings<br />

By Jimitota<br />

Onoyume<br />

PORT<br />

HAR-<br />

COURT—THE<br />

Scripture Union has<br />

condemned the incessant<br />

killings by cultists in Rivers<br />

State, urging youths to shun<br />

cult activities and other<br />

related vices.<br />

Making the appeal<br />

weekend, in Port Harcourt<br />

under the aegis of Scripture<br />

Union of Nigeria, SU, at a<br />

briefing to mark 150 years<br />

anniversary of the body, Port<br />

Harcourt Regional<br />

Chairman of SU, Dr<br />

Sotonye Cookey, said it was<br />

disturbing that cultism had<br />

found its way to even<br />

primary schools, stressing<br />

that g<strong>over</strong>nment and<br />

parents should do more to<br />

tackle the monster cutting<br />

short several lives in their<br />

prime.<br />

He said: “Today, we take<br />

notice of the decay in our<br />

society, that we have never<br />

seen before. The decay<br />

sprang from the collapse of<br />

family structure. Cultism,<br />

exam malpractices,<br />

assassination, kidnapping,<br />

prostitution, drug pushing<br />

and other vices are<br />

prevalent among the<br />

people. They are<br />

hopelessly confused. The<br />

only solution is Jesus.”<br />

Edo Assembly to commence<br />

screening of Commissioner<br />

nominees<br />

BENIN—EDO State<br />

House of Assembly<br />

will this week commence<br />

the screening of<br />

Commissioner<br />

nominees.<br />

It will be recalled that<br />

G<strong>over</strong>nor Godwin<br />

Obaseki had last week<br />

appointed 192 Special<br />

Assistants.<br />

The Special Assistants<br />

were drawn from the 192<br />

wards across the 18 local<br />

g<strong>over</strong>nment areas of the<br />

state.<br />

Vanguard gathered<br />

that the list of the<br />

commissioner nominees<br />

will be submitted to the<br />

House today by the state<br />

g<strong>over</strong>nment for their<br />

consideration. The<br />

House had earlier<br />

approved the<br />

appointment of 12<br />

Special Advisers for the<br />

g<strong>over</strong>nor.<br />

Osinbajo lauds SON on ease of<br />

doing business<br />

THE<br />

Standards<br />

Organisation of<br />

Nigeria, SON, has been<br />

commended by acting<br />

President, Professor Yemi<br />

Osinbajo, <strong>over</strong> the recent<br />

Micro, Small and Medium<br />

Enterprises Clinic held in<br />

Calabar, Cross Rivers State.<br />

Speaking during a visit to<br />

the SON exhibition stand<br />

on the occasion held at the<br />

International Conference<br />

Centre, Calabar, Osinbajo<br />

acknowledged the recent<br />

efforts by the organisation<br />

in promoting the Federal<br />

G<strong>over</strong>nment’s initiative on<br />

the ease of doing business<br />

in Nigeria.<br />

He said: “I know this is a<br />

new SON, ready to go, a<br />

business facilitator and not<br />

one that hinders business.”<br />

Osinbajo was<br />

accompanied to the SON<br />

stand by the g<strong>over</strong>nor of<br />

Cross Rivers State,<br />

Professor Ben Ayade,<br />

among other dignitaries.<br />

They were received by a<br />

host of SON officials, led by<br />

the Regional Coordinator<br />

for South South, Mr.<br />

Papaye Don-Pedro.<br />

C-River cultivates biggest<br />

forest in West Africa<br />

By Emma Una<br />

C ALABAR—CROSS<br />

River State<br />

Forestry Commission has<br />

begun the cultivation of<br />

the biggest forest in West<br />

Africa with the planting<br />

of five million<br />

indigenous species of<br />

trees across the state<br />

which in addition to the<br />

existing forest reserves<br />

will form large canopy<br />

on roads and parks<br />

across the state<br />

Mr Bette Obi,<br />

Chairman and Chief<br />

Executive Officer of the<br />

Forestry Commission<br />

told Vanguard, weekend<br />

in Calabar that<br />

improved indigenous<br />

species of tree seedlings<br />

are being planted in<br />

designated areas across<br />

the state.<br />

“We have both timber<br />

and economic tree<br />

seedlings which we are<br />

planting in designated<br />

areas in the 18 local<br />

g<strong>over</strong>nment areas<br />

stretching <strong>over</strong> 100,000<br />

hectres across the state<br />

and this will culminate to<br />

the largest forest in West<br />

Africa,” he said.


14 — VANGUARD, MONDAY, JUNE 5, 2017<br />

By Victor Ahiuma-<br />

Young & Demola<br />

Akinyemi<br />

I LORIN—THE<br />

Senate President Dr.<br />

Bukola Saraki, weekend<br />

said the proposed National<br />

Road Fund Bill<br />

recommendation by the<br />

Senate committee on Works,<br />

would not lead to any<br />

increase in the current pump<br />

price of fuel.<br />

This came as Nigeria<br />

Union of Petroleum and<br />

Natural Gas Workers,<br />

NUPENG, condemned the<br />

Senate recommendation for<br />

a N5 levy on fuel price,<br />

saying it would make the<br />

price of a litre petrol to sell<br />

above N145.00.<br />

Saraki, who made the<br />

clarification while speaking<br />

with newsmen in Ilorin,<br />

Kwara State after the<br />

breaking of fast, also said<br />

the Senate would this week<br />

discuss a motion on the<br />

interest rates being charged<br />

by commercial banks on<br />

loans to customers,<br />

particularly entrepreneurs<br />

who borrowed funds to stay<br />

afloat and contribute to the<br />

National Gross Domestic<br />

Product, GDP.<br />

According to him: “This is<br />

an opportunity to clarify the<br />

inaccurate reporting. There<br />

is a Bill call the National<br />

Road Funds Bill. Our roads<br />

:Vanguard News :@vanguardnews :@vanguardnews NEWS HOTLINES: 08052867023, 08052867058<br />

New Bill won’t lead to fuel price hike — SARAKI<br />

...As NUPENG blasts Senate <strong>over</strong> planned N5 petrol levy<br />

across the country are not<br />

adequately funded. If we<br />

are banking on the<br />

appropriation, we will not<br />

be able to adequately fund<br />

and refurbish our roads.<br />

Anybody that read the full<br />

report would have known<br />

that after the public<br />

hearing, which involved<br />

Falana petitions Osinbajo <strong>over</strong><br />

continued detention of<br />

Elzakzaky<br />

LAGOS lawyer, Mr<br />

Femi Falana, has<br />

petitioned the Acting<br />

President, Yemi Osinbajo,<br />

<strong>over</strong> the continued<br />

detention of leader of<br />

Islamic Movement of<br />

Nigeria, IMN, Sheikh<br />

Ibraheem Elzakzaky, and<br />

his wife, Zeinab, despite<br />

court orders, saying they<br />

should be released.<br />

In the petition, entitled,<br />

‘’Request for the release of<br />

Sheikh Ibraheem<br />

Elzakzaky and his wife<br />

from illegal detention,’’<br />

Falana said: ‘’We are<br />

Solicitors to Sheikh<br />

Ibraheem Elzakzaky and<br />

his wife, Hajia Zeinab<br />

Elzakzaky who are<br />

currently detained illegally<br />

in an undisclosed<br />

detention dungeon at<br />

Abuja by the State<br />

Security Service.<br />

‘’On behalf of our clients<br />

we are compelled to draw<br />

Your Excellency’s attention<br />

to the following facts. On<br />

December 12, 2015 the<br />

Nigerian Army unleashed<br />

unmitigated violence on the<br />

Shia Community in Zaria,<br />

Kaduna State under the<br />

pretext that there was a plot<br />

to assassinate the Chief of<br />

Army Staff, General Yussuf<br />

Buratai. During the violent<br />

attack, the Army massacred<br />

347 Shiites including<br />

women and children. Aided<br />

by the Kaduna State<br />

g<strong>over</strong>nment the Nigerian<br />

Army secretly buried the<br />

dead bodies of the victims<br />

of the barbaric attack in an<br />

unmarked grave without<br />

any autopsy whatsoever.<br />

Up till now, the bereaved<br />

families of the deceased<br />

have not been officially<br />

informed of the extrajudicial<br />

execution of their loved<br />

ones.''<br />

stakeholders from the road<br />

and transport industry, it was<br />

recommended that N5 from<br />

each litre of petrol should be<br />

channeled towards our<br />

roads. However, this is not<br />

going to be additional naira,<br />

but N5 out of the present<br />

price of N145 that Nigerians<br />

are currently paying at the<br />

pump.''<br />

But reacting to the<br />

contr<strong>over</strong>sial N5<br />

recommendation,<br />

NUPENG in a statement<br />

through its President, Igwe<br />

Achese, contended that<br />

this would be one tax and<br />

levy too many, considering<br />

the recession, p<strong>over</strong>ty and<br />

hunger in the land.<br />

NUPENG vowed to resist<br />

the move if passed into law,<br />

because it would further<br />

cause untold hardship on<br />

the citizens of this country.<br />

According to the<br />

statement: "NUPENG<br />

condemns in its entirety the<br />

imposition of 0.5 percent<br />

charges on passenger fares<br />

as part of the levy.<br />

NUPENG notes that the<br />

levy will be used to fund<br />

road projects is not tenable<br />

as it will encourage<br />

corruption, since the whole<br />

process will not be<br />

transparent. We call on the<br />

Senate to stop the passage<br />

of the N5 levy on fuel price<br />

on innocent and hard<br />

working Nigerians who toil<br />

day and night to make ends<br />

meet.<br />

''We advise the Senate<br />

FIRS introduces 6 online tax<br />

solutions<br />

THE Federal Inland<br />

Revenue Service,<br />

FIRS, has introduced six<br />

key electronic solutions (e-<br />

Services) to enhance<br />

convenience, transparency<br />

and round the clock<br />

processing and payment of<br />

taxes.<br />

Some of the e-Services,<br />

which could now be<br />

accessed online, are<br />

taxpayer registration<br />

(through e-Registration);<br />

payment of Stamp Duties<br />

(through e-Stamp Duty);<br />

payment of taxes (through<br />

online payment: e-TaxPay,<br />

Remita).<br />

Others are; receiving of<br />

electronic receipt after<br />

payment of taxes (through<br />

e-Receipt); filing tax<br />

returns online (through<br />

e-filing) and online Tax<br />

Clearance Certificates<br />

and Federal G<strong>over</strong>nment to<br />

look at other ways to fund<br />

the roads, infrastructure<br />

with rec<strong>over</strong>ed monies from<br />

looters and through public<br />

private partnership<br />

schemes, instead of<br />

further imp<strong>over</strong>ishing<br />

poor Nigerians that<br />

voted for them.''<br />

(TCC) through electronic<br />

Tax Clearance Certificate<br />

(e-TCC solution).<br />

The Executive Chairman,<br />

Tunde Fowler, who<br />

explained this in Abuja,<br />

said the e-Services<br />

innovation represented “a<br />

revolution in tax<br />

administration in Nigeria.<br />

“The idea behind the six<br />

ICT solutions is to make<br />

tax payment as easy as<br />

ABC, to bring convenience<br />

to our taxpayers. 'The ICT<br />

solutions which we are<br />

bringing to the doorsteps of<br />

taxpayers will ensure that<br />

taxpayers could pay, get<br />

receipt, and get TCC, from<br />

the comfort of their homes<br />

and offices anytime,<br />

anywhere in the world and<br />

round the clock. This saves<br />

the time of taxpayers, is<br />

transparent, fast, easy to<br />

use and convenient,''<br />

Fowler said.


My mother was<br />

a disciplinarian,<br />

says Obanikoro<br />

LAGOS—A former<br />

Minister of State for<br />

Defence, Senator Musiliu<br />

Obanikoro, has described<br />

his late mother, Alhaja<br />

Wasilat Obanikoro, as a<br />

disciplinarian who made<br />

great impact on the lives of<br />

her children and the people<br />

around her.<br />

Alhaja Wasilat Obanikoro<br />

died in the early hours of<br />

Saturday at her residence<br />

in Lagos.<br />

She was aged 95 and had<br />

since been buried<br />

according to Islamic rites.<br />

The former senator<br />

speaking on the life and<br />

times of the deceased in<br />

Lagos yesterday, said<br />

Alhaja Wasilat Obanikoro<br />

was a firm believer in<br />

education as a tool for<br />

liberation, adding that he<br />

had always known his<br />

mother to be a hard working<br />

woman, who touched<br />

several lives through her<br />

generosity.<br />

The former Nigerian<br />

Ambassador to Ghana said<br />

that his late mother was a<br />

devout Muslim.<br />

Obanikoro said she would<br />

be sorely missed by her<br />

children and the people<br />

whose lives she touched.<br />

He, however, said that his<br />

consolation was that she<br />

lived a good life and left<br />

good legacies for her<br />

children.<br />

He said: “Mama was<br />

highly disciplined, hard<br />

working and very religious.<br />

“She saw social, economic<br />

and spiritual liberation in<br />

education despite the fact<br />

that she did not attend<br />

school early enough in life.<br />

“Her focus was more on<br />

academic and religious<br />

education. She was very<br />

generous and was never<br />

perturbed by criticisms. She<br />

will be missed by all of us.”<br />

VANGUARD, MONDAY, JUNE 5, 2017 — 15<br />

:Vanguard News :@vanguardnews :@vanguardnews NEWS HOTLINES: 08052867023, 08052867058<br />

OSHODI: Lagos arrests warring NURTW, RTEAN<br />

factional leaders<br />

By Bose Adelaja<br />

LAGOS—THE Lagos<br />

State g<strong>over</strong>nment<br />

yesterday, said, it has<br />

arrested the different<br />

warring factional leaders of<br />

the National Union of Road<br />

Transport Workers, NURTW,<br />

and Road Transport<br />

Employers Association of<br />

Nigeria, RTEAN, allegedly<br />

fomenting trouble around<br />

Oshodi and its environs in<br />

the past few days.<br />

The crises at Oshodi<br />

erupted after the death of<br />

Rasaq Bello, popularly<br />

known as Hamburger,<br />

which resulted into the<br />

attack on innocent citizens.<br />

Bello, a prominent<br />

member of NURTW, was<br />

allegedly shot dead in<br />

Shogunle area of Lagos<br />

State during the local<br />

council primaries of the<br />

All Progressives Congress,<br />

APC.<br />

The death has been<br />

generating fear in the<br />

area as area boys have<br />

seized the occasion to<br />

attack innocent members<br />

Adeboye declares ‘holy war’ against kidnappers, herdsmen<br />

By Sam Eyoboka &<br />

Olayinka Latona<br />

L<br />

A G O S —<br />

OBVIOUSLY<br />

piqued by the activities of<br />

kidnappers who had lately<br />

resorted to abducting<br />

school children for ransom,<br />

the General Overseer of the<br />

Redeemed Christian<br />

Church of God, RCCG,<br />

Pastor Enoch Adejare<br />

Adeboye, Friday night<br />

declared holy war against<br />

kidnappers and their<br />

collaborators in the nation’s<br />

armed forces.<br />

Addressing a mammoth<br />

of the public.<br />

The Chairman Lagos<br />

State Task Force,<br />

Superintendent of Police,<br />

Olayinka Egbeyemi, who<br />

disclosed the arrest in a<br />

statement, assured i<br />

members of the public of<br />

safety of lives and properties<br />

around Mafoluku,<br />

Shogunle, Sadiku, Ladipo<br />

and the entire Oshodi area<br />

of the State.<br />

He said the suspects<br />

include one ‘Taloo’ ‘Alayoo’<br />

and ‘Ijee’ currently being<br />

interrogated by the Lagos<br />

State Commissioner of<br />

Police Mr. Fatai Owoseni.<br />

Egbeyemi said the<br />

Unions’ activities across the<br />

entire Oshodi area is<br />

presently under the checks<br />

and control of Lagos State<br />

Task Force and other<br />

security agencies who were<br />

strategically positioned for<br />

the maintenance of peace<br />

and orderliness.<br />

The Chairman urged<br />

members of the public to<br />

ignore misinformation about<br />

‘Bomb Explosion’ and<br />

‘Security Alert’ around<br />

crowd of worshippers at<br />

the church’s monthly Holy<br />

Ghost service at the new<br />

auditorium in Asese area of<br />

Ogun State, the revered<br />

cleric urged the army of<br />

faithful to join him in<br />

prayer against<br />

kidnapping.<br />

“A few days ago, there<br />

was the report that<br />

kidnappers abducted six<br />

Senior Secondary School<br />

students of Lagos Model<br />

College, Igbonla, Epe. I<br />

want you all to join me in<br />

praying that God should<br />

send fire to the camp of all<br />

OTODO-GBAME DEMOLITION: 2 victims buried<br />

amid tears •‘I've lost my only source of joy'<br />

By Monsuru<br />

Olowoopejo<br />

L AGOS—TEARS<br />

flowed freely in<br />

Badagry Local G<strong>over</strong>nment,<br />

Lagos State, when the two<br />

victims of Otodo-Gbame<br />

Community demolition, 45-<br />

year-old, Elijah Avonda and<br />

Daniel Aya, 20, were buried.<br />

The burial of the two<br />

victims came barely two<br />

months after Lagos State<br />

G<strong>over</strong>nment allegedly<br />

demolished the community<br />

said to have lived in Lekki,<br />

Eti-Osa Local G<strong>over</strong>nment<br />

area for more than 50<br />

years.<br />

At the burial <strong>over</strong> the<br />

weekend, hundreds of<br />

residents from slum<br />

communities in the state<br />

and friends of the victims<br />

paid their last respect to<br />

both men who were<br />

allegedly killed by straybullets<br />

during a two-day<br />

demolition of structures in<br />

the community.<br />

While Aya was buried at<br />

Muwo, Badagry West at<br />

about 1:30 pm, Avonda was<br />

buried at about 4:30 pm at<br />

Apa Kingdom.<br />

Some of the mourners,<br />

who accompanied the<br />

corpse to their separate<br />

home towns, broke down in<br />

tears when their corpses<br />

were finally lowered.<br />

I have lost my only<br />

source of joy - Avonda’s<br />

Shogunle and Oshodi<br />

trending on various social<br />

media.<br />

He warned miscreants<br />

and hoodlums to desist<br />

from causing chaos around<br />

Oshodi and the entire parts<br />

of the state as anyone<br />

•As RCCG donates ICU equipment to LASUTH<br />

mother<br />

Speaking to Vanguard in<br />

an interview after the<br />

burial, Elijah Avonda’s<br />

mother, Blessing, who<br />

spoke in tears, lamented<br />

that her only source of joy<br />

was allegedly hit by police<br />

stray-bullet and died<br />

instantly.<br />

The octogenarian, a petty<br />

trader, disclosed that her<br />

late son was a fisherman<br />

who used to go to the<br />

lagoon to catch fish for<br />

onward sale by the family;<br />

twhich had been their<br />

source of income.<br />

Narrating how her son<br />

met his death, Blessing<br />

said: “That day, my son<br />

was returning from the<br />

Flooded during the heavy down pour at Balogun Road, Iju Ishaga, Lagos,<br />

yesterday. Photo: Akeem Salau.<br />

those who are kidnapping<br />

for ransom.<br />

He also led the<br />

congregation to pray to God<br />

to expose all their<br />

collaborators in the nation’s<br />

security forces and disgrace<br />

them, just as he prayed for<br />

the release of the six<br />

students before yesterday.<br />

Further angered by<br />

growing violent crimes<br />

across the nation, Pastor<br />

Adeboye also urged the<br />

crowd to pray for the<br />

cessation of all violent<br />

crimes in the country<br />

including the shedding of<br />

innocent blood by either the<br />

remnants of defeated Islamic<br />

fundamentalist group, Boko<br />

Harm or Fulani herdsmen.<br />

And for minutes the crowd<br />

responded in prayers<br />

against these groups of<br />

criminals, saying the<br />

international community<br />

looked on with increasing<br />

concern and interest as the<br />

security situation in parts<br />

of Nigeria looks<br />

increasingly volatile.<br />

RCCG donates ICU<br />

equipment to LASUTH<br />

Meantime, the Redeemed<br />

Christian Church of God,<br />

RCCG, Apapa Family,<br />

yesterday, donated some<br />

sets of Intensive Care Unit,<br />

ICU, equipment to the<br />

Lagos State University<br />

Teaching Hospital,<br />

LASUTH, Ikeja.<br />

The equipment include:<br />

arrested would be<br />

immediately charged to<br />

court for prosecution.<br />

The Chairman, who<br />

commended G<strong>over</strong>nor<br />

Akinwunmi Ambode for<br />

providing security agencies<br />

across the state with<br />

four CR 5,000 ICU beds, four<br />

Alpha Active 4 Mattresses,<br />

B-Braun infusion pumps,<br />

syringe pumps, mulitiparameter<br />

patient monitors<br />

and bedside lockers<br />

The church had also<br />

refurbished and<br />

equipped the ICU in the<br />

Surgical Emergency<br />

modern equipment<br />

however called on<br />

members of the public to<br />

immediately report any<br />

unlawful activities of<br />

miscreants and<br />

hoodlums to appropriate<br />

security agencies.<br />

section of the hospital.<br />

The Head Pastor of<br />

RCCG, Apapa Family,<br />

Idowu Iluyomade, spoke at<br />

the inauguration of the units<br />

and handing <strong>over</strong> of the<br />

equipment.<br />

Iluyomade said that the<br />

donation was part of the<br />

church’s Corporate<br />

Social Responsibility.<br />

Nigeria, 186 other countries<br />

storm Geneva for ILC<br />

By Victor Ahiuma-<br />

Young<br />

NO fewer than 4,000<br />

workers, employers<br />

and g<strong>over</strong>nments’<br />

delegates from the<br />

International Labour<br />

Organisation, ILO’s 187<br />

member states, including<br />

Nigeria, will from today<br />

attend the 106th session<br />

of the International Labour<br />

Conference, ILC, in<br />

Geneva, Switzerland.<br />

The conference will take<br />

place at the UN Palais des<br />

Nations in Geneva.<br />

Participants will tackle a<br />

wide range of issues.<br />

Plenary sessions will be<br />

broadcast live on<br />

www.ilo.org.<br />

At the opening ceremony<br />

coming up on June 5, the<br />

Conference will elect its<br />

President and Vicepresidents<br />

to be followed by<br />

the opening address by ILO<br />

Director-General, Guy<br />

Ryder and<br />

this year’s report of the<br />

head of the ILO: Work in a<br />

changing climate: the Green<br />

Initiative, provides a<br />

roadmap for a just transition<br />

to a green economy.<br />

Later in the day, Tabaré<br />

Vázquez, President of the<br />

Eastern Republic of<br />

Uruguay, is expected to<br />

address the Conference.<br />

The conference, will on<br />

June 12, hold World Day<br />

Against Child Labour. The<br />

theme for this year is: In<br />

conflicts and disasters,<br />

protect children from child<br />

labour.<br />

The Conference will also<br />

have to decide on the<br />

abrogation of six ILO<br />

Conventions.<br />

The different committees<br />

will report back to the<br />

plenary session of the<br />

Conference once they have<br />

completed their work.


16 — Vanguard, MONDAY, JUNE 5, 2017


Vanguard, MONDAY, JUNE 5, 2017 — 17


18 — Vanguard, MONDAY, JUNE 5, 2017<br />

THE ennoblement of Nigerian-born<br />

Anne-Marie Osawemwenze Ore-<br />

Ofe Imafidon as a Member of the<br />

Most Excellent Order of the British<br />

Empire, MBE, by Her Majesty, Queen<br />

Elizabeth II is another pointer to the<br />

proven potential of the Nigerian<br />

spirit.<br />

Miss Imafidon’s investiture on May<br />

19, 2017, was in recognition of her<br />

role in promoting the study of<br />

science among girls and young<br />

women in Britain.<br />

Miss Imafidon has indeed earned<br />

her honour and is also well qualified<br />

for the role she is playing in steering<br />

British and European women into the<br />

sciences. In 2013, she founded STE<br />

Mette, a social enterprise through<br />

which she has inspired thousands of<br />

British and European girls between<br />

ages five and 22 to pursue careers in<br />

Science, Technology, Engineering,<br />

and Mathematics.<br />

Miss Imafidon was well prepared<br />

to be a mentor, having set records<br />

that have only recently been also<br />

broken by her siblings. At 27, she is<br />

Salute to Nigeria’s “smart”<br />

family<br />

the youngest scientist to have been<br />

recognised by the British Monarch<br />

since 1870. At age 10, she was the<br />

youngest girl to pass two GSCE<br />

examinations (Secondary School<br />

Certificate Examination) in<br />

Mathematics and ICT and by age 11,<br />

she had passed the Advanced Level<br />

exam in Computing.<br />

She won a British scholarship<br />

while she was 13 to study Mathematics<br />

at Johns Hopkins University and at<br />

age 17, she commenced a Masters<br />

Degree programme in Mathematics<br />

and Computer Science at the<br />

University of Oxford and set the<br />

record of being the youngest to obtain<br />

the Master’s Degree in that discipline<br />

at the age of 20.<br />

Miss Imafidon’s achievements<br />

understandably drew the attention of<br />

some of the leading global<br />

corporations.<br />

By age 24, she had garnered<br />

enviable experiences at Lehman<br />

Brothers, Goldman Sachs, Hewlett-<br />

Packard and Deutsche Bank.<br />

Remarkably, her extraordinary gifts<br />

are also shared by members of her<br />

family. Her twin siblings, Peter and<br />

Paula Imafidon, beat her record when<br />

they at age nine became the youngest<br />

to enter high school and also the<br />

youngest to pass the University of<br />

Cambridge examinations.<br />

Another sibling, Christina at age<br />

11, was admitted to the United<br />

Kingdom University and became the<br />

youngest person ever to attend a<br />

British University. It is no surprise<br />

that the Imafidon family originally<br />

from Edo State has been dubbed the<br />

smartest family in Britain.<br />

We salute the salutary<br />

contributions of the Imafidon family<br />

to scholarship and society. Many<br />

Nigerians are bound to draw<br />

inspiration from their<br />

achievements.<br />

The strides of the Imafidons show<br />

the innate capacities of many<br />

Nigerians who have mainly been<br />

suppressed by the failure of<br />

leadership in Nigeria.<br />

We call on the authorities to<br />

accord the Imafidon family with<br />

special recognition and work<br />

towards providing the enabling<br />

environment that made it possible<br />

for this Nigerian family to attract<br />

global recognition in a land far away<br />

from theirs.<br />

By Godwin Etakibuebu<br />

RELIEF came the way of the Emir of<br />

Kano , Sanusi Lamido Sanusi last week<br />

as some great Nigerians rescued him from the<br />

shadow of death. We were told that with the<br />

intervention of these Nigerians, which included<br />

the Acting President; Professor Yemi Osinbajo,<br />

General Ibrahim Babangida, General<br />

Abdulsalam Abubakar, the Sultan of Sokoto,<br />

amongst many others, what would have been<br />

a doomsday for the man was averted, as the<br />

State G<strong>over</strong>nor gave instruction to the State<br />

House of Assembly to stop the probe.<br />

While we must be grateful to these messiahs<br />

who fought gallantly in rescuing a veritable<br />

prey from the Lion in its den, we cannot <strong>over</strong>look<br />

the “generosity” of the Lion that let go an<br />

already caged prey. The caged prey in this<br />

drama is the Emir; Mallam Muhammad<br />

Sanusi 11, while the Lion is no other person<br />

than the G<strong>over</strong>nor of Kano State; Abdullahi<br />

Umar Ganduje. l salute all involved in this<br />

rescue operation fervently. However, if the truth<br />

is to be told, the war is not yet <strong>over</strong> though a<br />

battle has just been won.<br />

There are yet many rivers to be crossed before<br />

arriving the land of Eldorado in Kano Emirate.<br />

Let us try to “decode the coded rules of<br />

engagement” in the war going on in Kano. To<br />

do this successfully, we should be analysing the<br />

characters of the personae dramatis and the<br />

functionality of the invisible powers behind the<br />

façade. Knowing the personae dramatis and<br />

their characters is not as difficult as identifying<br />

the invisible individuals who are dictating the<br />

terms, places, times and instruments of the war<br />

in Kano.<br />

Let us start with the “rescued prey” himself;<br />

OPINION<br />

Emir of Kano and the aborted Tsunami<br />

Mallam Muhammad Sanusi 11. Of course,<br />

Sanusi Lamido Sanusi, SLS, was not just an<br />

ordinary person that could easily be pushed<br />

aside. His giant strides in the public service<br />

made statements for themselves. While he<br />

publicly took the landscape of the Nigerian<br />

financial empire with such unchallenged<br />

The last of drums of war’s<br />

beating in the Kano Emirate<br />

might not yet be <strong>over</strong>. It is<br />

only time that shall speak<br />

and interpret the political<br />

schemings of the Kano<br />

Emirate<br />

prowess, he was not necessarily admired by all<br />

those who crossed his path but those who<br />

ignored him did so, mostly though, to their peril.<br />

He is conventionally contr<strong>over</strong>sial, royally<br />

loquacious, brilliantly enigmatic, fearlessly<br />

audacious, religiously scholastic and socially<br />

influential.<br />

To some people, the Emir is a religious<br />

fanatic. This class of people would readily point<br />

to the contr<strong>over</strong>sy that roped his name into the<br />

brutal beheading of an Igbo trader; Gideon<br />

Akaluka, in Kano on 15th of August 1995, an<br />

episode that pitched General Sanni Abacha’s<br />

g<strong>over</strong>nment against him, SLS, and eight others<br />

suspected to have been involved, until a former<br />

Chairman of First Bank; Alhaji Umar<br />

Mutallab, came to his rescue.<br />

You may not like him, given his frankness<br />

and bluntness, with boldness of course, when<br />

addressing issues but you might be compelled<br />

to respect and admire him when it comes to<br />

presentation of facts on figures and his in-depth<br />

knowledge on most topics. Truth is that the Emir<br />

is extremely and adorably brilliant. His tenure<br />

as the G<strong>over</strong>nor of CBN shall remain a positive<br />

watershed in the annals of the Nigerian<br />

financial development history.<br />

My limited knowledge of the man tells me<br />

that he has this “natural repulsiveness to<br />

everything anti-knowledge and this would<br />

always stare up a holy rebellion” in him, against<br />

authorities, and inclusive of Presidents, at any<br />

time. He was boldly up against President<br />

Goodluck Jonathan about the way he ran the<br />

economy – a stand that put him in trouble of<br />

being suspended from office as G<strong>over</strong>nor of<br />

CBN. He has not proved to be different in the<br />

present dispensation, which is why he told<br />

President Buhari recently that “if this<br />

g<strong>over</strong>nment continues to behave the way the<br />

last g<strong>over</strong>nment behaved, we will end up where<br />

Jonathan ended. You may not like it, but that is<br />

the truth. You have to listen”. Will the Emir learn<br />

to shut-up his mouth from saying what he<br />

believes, even after the interventions of these<br />

great Nigerians? I have my doubts.<br />

The second personality for consideration on<br />

whether the war in the Emirate has ended with<br />

the intervention of these great Nigerians or not<br />

is the Kano State G<strong>over</strong>nor; Abdullahi Umar<br />

Ganduje. I doubt so much if his ambition for<br />

second tenure [2019-2023] would not be a<br />

casualty as long as Mallam Muhammad<br />

Sanusi 11 remains on the throne. My conclusion<br />

is on political exigency. The g<strong>over</strong>nor has<br />

fallen out of favour with his predecessor [Rabiu<br />

Kwankwaso] who made him g<strong>over</strong>nor in the<br />

first place. He has chosen to cast his loyalty on<br />

the President Buhari’s presidency so that his<br />

second tenure can be actualised.<br />

In the other hand, Senator Rabiu<br />

Kwankwaso himself, being seen as a threat to<br />

President Muhammadu Buhari’s second<br />

tenure [that is if his health would allow him]<br />

needs to be “caged” urgently if Ganduje would<br />

continue as g<strong>over</strong>nor till 2023 because a<br />

“loosed” Kwankaso in Kano State could pull<br />

more than enough influence to put Ganduje in<br />

the dustbin of political oblivion, by 2019. This<br />

feared influence of Kwankwaso is real in Kano,<br />

not necessarily because he was a past g<strong>over</strong>nor,<br />

but more of the fact that the Emir he made<br />

[Mallam Muhammad Sanusi 11] could<br />

influence the peoples’ votes against Ganduje.<br />

The third personae dramatis that could<br />

elongate the war in Kano Emirate beyond the<br />

peace created by these great Nigerians is the<br />

Buhari’s presidency and this is for the reason<br />

given above. President Buhari second tenure’s<br />

ambition [again, health willing] sees<br />

Kwankwaso as enemy and if Mallam<br />

Muhammad Sanusi is Kwankwaso’s friend,<br />

then he [the Emir] remains a terrible enemy of<br />

Abuja that must be ferociously removed with<br />

“military alacrity”.<br />

While we thank the peace makers for what<br />

they have been able to achieve so far, at least<br />

for now, the last of drums of war’s beating in<br />

the Kano Emirate might not yet be <strong>over</strong>. It is<br />

only time that shall speak and interpret the<br />

political schemings of the Kano Emirate.<br />

Mr. Etakibuebu, a veteran journalist,<br />

wrote from Lagos.


External reserve falls by $535m in May<br />

•CBN intervention hits $6.84bn<br />

•Scarcity of funds to re-emerge<br />

By Babajide Komolafe<br />

THE nation’s external<br />

reserve recorded its<br />

second monthly decline of $535<br />

million last month. This came<br />

as the Central Bank of Nigeria<br />

(CBN) had intervened in the<br />

foreign exchange market by<br />

selling $6.84 billion from<br />

January to last month.<br />

According to the CBN, the<br />

external reserve fell from<br />

$30.864 billion at the end of<br />

April to $30.329 billion on May<br />

31, translating to decline of<br />

$535 million during the month.<br />

Vanguard analysis showed<br />

Vanguard, MONDAY, JUNE 5, 2017—19<br />

that the reserve rose steadily by<br />

$7.06 billion from $23.93 billion<br />

on October 24 last year to $30.99<br />

billion on May 4 when it<br />

commenced its steady decline.<br />

The reserve grew by $819<br />

million in November, $1.07<br />

billion in December, $2.33<br />

billion in January and by $1.47<br />

billion in February. The<br />

reserve, however, dropped by<br />

$645 million in March, while it<br />

also grew by $573 million in<br />

April.<br />

The decline in the reserve in<br />

May was driven by increased<br />

dollar sales by the Central<br />

Continues on page 21<br />

Pg 31<br />

Pg 22<br />

Pg 28


20 — Vanguard, MONDAY, JUNE 5, 2017<br />

FINANCIAL VANGUARD<br />

Economy in rebound: Stocks gain N1.3trn in bulls market<br />

•Return-on-investment up 14.5 per cent<br />

•Banking sector leads, oil & gas sector lags<br />

By Nkiruka Nnorom<br />

THE unprecedented<br />

bullish run that<br />

prevailed in the<br />

equities market for most part<br />

of last month (May),<br />

especially at the later part of<br />

the month that saw the<br />

equities capitalisation gallop<br />

to <strong>over</strong> N10 trillion mark has<br />

resulted in huge N1.29 trillion<br />

gains to investors.<br />

The action pushed the<br />

Return-on-Investment, RoI,<br />

for the period to 14.5 per cent,<br />

higher than the year-to-date,<br />

ytd, return, which stood at 9.8<br />

per cent, a development<br />

market operators attributed to<br />

some positive macroeconomic<br />

developments in the<br />

country and better than<br />

expected first quarter, 2017<br />

(Q1’17) results.<br />

The capital market operators<br />

further opined that Prof. Yemi<br />

Osinbajo’s return as the<br />

Acting President helped to<br />

buoy activity in the market<br />

within the period.<br />

Financial Vanguard findings<br />

on the stock market activities<br />

in the period showed that the<br />

banking sector topped others,<br />

appreciating by 26 per cent on<br />

the back of gains in top<br />

banking stocks like FBN<br />

Holdings Plc, Ecobank<br />

Transnational Incorporated,<br />

ETI, United Bank for Africa,<br />

UBA, Zenith Bank Plc and<br />

Guaranty Trust Bank Plc.<br />

The late passage of the<br />

Petroleum Industry Bill, PIB,<br />

by the National Assembly,<br />

<strong>NASS</strong>, in the later part of the<br />

month could not lift sentiment<br />

in the oil and gas sector as it<br />

lagged behind others,<br />

depreciating by 2.5 per cent.<br />

This, however, was an<br />

improvement compared to 5.4<br />

per cent negative return<br />

recorded in the sector in the<br />

five month to end May, 2017.<br />

Consequent upon the rally,<br />

the equities’ capitalisation<br />

rose by N1.29 trillion from<br />

N8.91 trillion at the beginning<br />

of the month’s trading session<br />

to N10.2 trillion, thus<br />

representing 14.4 per cent<br />

returns.<br />

Also, the All Share Index,<br />

ASI, rose by 14.5 per cent<br />

from 25,756.51 points to settle<br />

at 29,498.91 points.<br />

Positive macroeconomic<br />

developments<br />

Some of the positive<br />

developments that impacted<br />

the market during the period<br />

include the creation of the<br />

investors and exporters<br />

foreign exchange window by<br />

• Kennedy Uzoka,<br />

MD, UBA Plc<br />

• Ade Ayeyemi,<br />

Group MD, ETI<br />

the Central Bank of Nigeria,<br />

CBN, which allowed easy<br />

access to foreign exchange by<br />

both investors and exporters.<br />

Since the introduction, the<br />

window has prompted<br />

unprecedented rally in the<br />

stock market, according to<br />

capital market operators.<br />

During the period, the<br />

Purchasing Managers Index,<br />

PMI, rose to <strong>over</strong> 50 per cent<br />

indicating revival in private<br />

sector operation.<br />

Added to these is the gross<br />

domestic products, GDP,<br />

figure, which, though,<br />

contracted to 0.5 per cent in<br />

April, was a significant<br />

improvement against the two<br />

previous positions.<br />

Banking sector leads<br />

The positive run was spread<br />

across the entire sectors as<br />

four of the sectors recorded<br />

price appreciation with the<br />

exception of the oil and gas<br />

sector that depreciated in<br />

value during the month.<br />

The banking sector led,<br />

rising by 26 per cent on the<br />

• Peter Amangbo,<br />

Zenith Bank MD<br />

• Urum Kalu Ekeh,<br />

MD, FBN Holdings<br />

back of 67.2 per cent, 37.5 per<br />

cent, 28.9 per cent, 27.7 per<br />

cent and 27.2 per cent<br />

increase in FBN Holdings Plc,<br />

ETI, UBA, Zenith Bank and<br />

As the economy<br />

rec<strong>over</strong>s from<br />

stagflation, there<br />

is natural<br />

tendency for<br />

financial assets to<br />

shift to equities.<br />

Foundation for<br />

current rally in the<br />

capital market was<br />

laid when several<br />

full year results<br />

and dividend<br />

payouts were<br />

unexpectedly<br />

impressive<br />

GTBank respectively.<br />

This was followed by the<br />

consumer goods sector, which<br />

rose by 19.1 per cent driven<br />

by activity in Nestle Nigeria<br />

Plc which rose by<br />

20.4 per cent and<br />

GlaxoSmithKline<br />

that advanced by<br />

20.7 per cent during<br />

the month.<br />

The insurance<br />

sector was the next<br />

with 11.9 per cent on<br />

account of impressive<br />

return<br />

on<br />

Axamansard<br />

Insurance and Law<br />

Union & Rock<br />

Insurance Plc which<br />

rose by 43.3 per cent<br />

and 30.7 per cent<br />

respectively. The<br />

industrial goods<br />

sector recorded 1.96<br />

per cent return<br />

during the period.<br />

However, losses in<br />

Seplat Petroleum<br />

Development<br />

Company and Mobil<br />

Oil Nigeria Plc that<br />

depreciated by 14.2<br />

per cent and 14.3 per<br />

cent respectively left<br />

the oil and gas sector<br />

with negative return<br />

of 2.5 per cent.<br />

Healthcare<br />

stocks lead<br />

gainers<br />

Further breakdown<br />

of activities in the<br />

market showed that<br />

for every loser, there<br />

was three gainers as<br />

61 gainers emerged<br />

during the month<br />

compared to 21 losers, while<br />

89 recorded no price change.<br />

Companies in the<br />

pharmaceutical sector<br />

appreciated the most with<br />

Fidson Healthcare and May<br />

& Baker Plc leading the rest<br />

with 107.3 per cent and 75.3<br />

per cent to close at N2.28 and<br />

N1.49 respectively.<br />

FBN Holdings Plc in the<br />

financial services sector<br />

followed, appreciating by 67.2<br />

per cent to close at N5.30 per<br />

share, while Oando Plc and<br />

Axamansard Insurance closed<br />

as the last on the top five<br />

gainers, rising by 46.2 per cent<br />

to close at N8.45 and 43.3 per<br />

cent to close at N2.26 per<br />

share respectively.<br />

ASI to hit 40,000 pts,<br />

Osinbajo Ag <strong>Presidency</strong> is a<br />

factor - Operators<br />

Explaining the rally<br />

witnessed in the month, Mr.<br />

David Adonri, Managing<br />

Director/CEO, Highcap<br />

Securities Ltd, said that<br />

market rec<strong>over</strong>y is imminent<br />

if the economy grows steadily<br />

out of stagflation.<br />

He opined that there is<br />

possibility that the ASI could<br />

hit 40,000 points this year.<br />

“As the economy rec<strong>over</strong>s<br />

from stagflation, there is<br />

natural tendency for financial<br />

assets to shift to equities.<br />

Foundation for current rally in<br />

the capital market was laid<br />

when several full year results<br />

and dividend payouts were<br />

unexpectedly impressive. The<br />

market has also benefited<br />

from CBN foreign exchange<br />

special window for foreign<br />

investors,” he said.<br />

He added that the positive<br />

feeling of Professor Yemi<br />

Osinbajo’s come back as<br />

Acting President may also<br />

have increased investors’<br />

confidence in the market.<br />

Adonri emphasised that the<br />

majorly impressive Q1’17<br />

results served as foundation<br />

for the rec<strong>over</strong>y being<br />

witnessed.<br />

He, however, said that the<br />

rally would not be in<br />

continuous unbroken stretch,<br />

stressing that the bull and<br />

bears run would, as usual, be<br />

intermittent.<br />

On expectation for the<br />

quarter two 2017, Q2’17, he<br />

said that with steady<br />

improvement in the economy,<br />

performance at the end of<br />

Q2’17 should surpass what<br />

was witnessed in Q1’17.<br />

Adding his voice, Mallam<br />

Kurfi Garba, Managing<br />

Director/CEO, APT Securities<br />

& Investment Ltd, said: “The<br />

economy is responding<br />

positively, the market is doing<br />

the same because the market<br />

looks at the future. If the<br />

economic situation looks good,<br />

the market will project that<br />

the future will likely be better<br />

than now, so the market will<br />

start moving in the positive<br />

direction.”<br />

June turns up with bulls<br />

Meanwhile, the positive<br />

sentiment continued in the<br />

Nigerian Stock Exchange,<br />

NSE, in the new month, June,<br />

as investors have recorded<br />

N647 billion gains within the<br />

first two trading days of the<br />

month. This represents 6.3 per<br />

cent increase within the two<br />

days period.<br />

Similarly, the ASI rose by 6.4<br />

per cent to settle at 31,371.63<br />

points, pushing the year-todate<br />

returns to 16.7 per cent.<br />

Specifically, the market<br />

capitalisation, which<br />

represents the total value of<br />

equities listed and traded on<br />

the Exchange went up by 2.8<br />

per cent on June 1, 2017 to<br />

N10.479 trillion from N10.198<br />

trillion, while on June 2, 2017<br />

it rose further by 3.5 per cent<br />

to close at N10.845 trillion<br />

from N10.479 trillion.<br />

In the same vein, the ASI<br />

jumped by 2.8 per cent on<br />

Thursday, June 1, 2017 to<br />

close at 30,314.14 points. It<br />

rose by further 3.5 per cent to<br />

31,371.63 points on Friday,<br />

June 2, 2017.


FINANCIAL VANGUARD<br />

External reserve falls by $535m in May<br />

Continues from<br />

page 19<br />

Bank of Nigeria (CBN),<br />

and the slight drop in<br />

price of crude oil price<br />

from $53.69 dollars on<br />

April 12 to $48.85 per<br />

barrel on June 1st.<br />

V a n g u a r d<br />

investigations revealed<br />

that the CBN has<br />

intervened in the foreign<br />

exchange market by<br />

selling $6.84 billion to<br />

meet various forex needs.<br />

Last week, the apex bank<br />

sold $460 million in the<br />

interbank foreign<br />

exchange market,<br />

comprising $285.8<br />

million for Retail<br />

Secondary Market<br />

Intervention Sale<br />

(RSMIS), $100 million for<br />

Wholesale SMIS, $52<br />

million for SMEs and $45<br />

million for invisibles. In<br />

addition to these, the<br />

apex bank also sold<br />

$40,000 to each of the<br />

3,145 bureaux de change<br />

across the country,<br />

translating to injection of<br />

$125.8 million in the<br />

retail segment.<br />

Naira appreciates<br />

to N371/$<br />

Meanwhile the naira<br />

appreciated to N375 per<br />

dollar in the parallel<br />

market due to weak<br />

demand which resulted<br />

to dollar glut. Vanguard<br />

survey revealed that the<br />

parallel market exchange<br />

rate dropped from N382<br />

per dollar the previous<br />

week to N371 per dollar<br />

at the close of business<br />

on Friday, indicating N9<br />

appreciation for the<br />

naira.<br />

BDC sources told<br />

Vanguard that the<br />

demand for dollars was<br />

low throughout the week.<br />

This, it was gathered<br />

prompted glut of dollar in<br />

the market with market<br />

operators refusing to buy<br />

dollars from members of<br />

the public.<br />

A BDC chief executive<br />

who spoke to Vanguard<br />

on condition of<br />

anonymity said: “I am not<br />

buying dollars this week.<br />

We have to wait till next<br />

week because people are<br />

not coming to buy dollars<br />

this week. Nobody knows<br />

where the rate will be<br />

next week. You might end<br />

up having problem<br />

selling the dollars you<br />

bought this week.”<br />

The naira also<br />

appreciated in the<br />

Investors & Exporters<br />

forex window as the<br />

exchange rate for the<br />

window fell to N378.56<br />

per dollar from N380.22<br />

per dollar the previous<br />

week.<br />

The appreciation<br />

recorded by the naira will<br />

likely persist this week.<br />

According to analysts at<br />

QUARTERLY REAL GDP GROWTH RATE<br />

Vetiva Capital<br />

Management Limited, a<br />

Lagos based investment<br />

firms, “We expect further<br />

CBN interventions in the<br />

coming week to continue<br />

to sustain liquidity in the<br />

foreign exchange market<br />

and possibly further prop<br />

the naira”.<br />

Scarcity of funds to reemerge<br />

in interbank<br />

Cost of funds will likely<br />

rise this week in the<br />

interbank money market<br />

as the market is expected<br />

to experience scarcity of<br />

funds. Though the<br />

market will experience<br />

inflow of N73.6 billion<br />

from matured treasury<br />

bills, this is, however,<br />

inadequate to balance the<br />

impact of outflow to fund<br />

dollar purchases from the<br />

CBN.<br />

The CBN<br />

offered N162.1<br />

billion worth of<br />

bills comprising<br />

N45 billion<br />

worth of<br />

secondary<br />

market bills and<br />

N117.1 billion<br />

worth of primary<br />

market bills. The<br />

offer recorded<br />

N299.2 billion<br />

subscription<br />

while the CBN<br />

sold N214.3<br />

billion<br />

Last week, the market<br />

enjoyed marginal relief<br />

from liquidity pressures,<br />

owing to previous week’s<br />

inflow from statutory<br />

allocation fund of <strong>over</strong><br />

N<strong>400</strong> billion.<br />

Consequently average<br />

short term cost of funds<br />

fell by 330 basis points.<br />

According to Financial<br />

Market Dealers Quote<br />

(FMDQ), interest rate on<br />

Colateralised (Open Buy<br />

Back, OBB) lending fell<br />

to 8.33 per cent from 11.6<br />

per cent the previous<br />

week. Similarly, interest<br />

rate on Overnight<br />

lending dropped to 9.08<br />

per cent from 12.42 per<br />

cent the previous week.<br />

Also reflecting the<br />

liquidity relief in the<br />

market, treasury bills<br />

offered by the CBN<br />

during the week enjoyed<br />

85 per cent <strong>over</strong><br />

subscription. The CBN<br />

offered N162.1 billion<br />

worth of bills comprising<br />

N45 billion worth of<br />

secondary market bills<br />

and N117.1 billion worth<br />

of primary market bills.<br />

The offer recorded N299.2<br />

billion subscription while<br />

the CBN sold N214.3<br />

billion.<br />

The N45 billion worth of<br />

secondary market (Open<br />

Market Operations,<br />

OMO) bills offered by the<br />

CBN attracted N97.5<br />

billion subscription,<br />

while the apex bank sold<br />

N97.2 billion. The<br />

N117.1 billion worth of<br />

primary market bills<br />

offered by the CBN<br />

attracted N201.7 billion<br />

subscription while the<br />

apex bank sold N117.1<br />

billion.<br />

Analysts weigh in on<br />

PMI in May<br />

The CBN during the<br />

week released its<br />

Purchasing Managers<br />

Index (MPI) report for<br />

May. The report showed<br />

that the manufacturing<br />

sector expanded for the<br />

second consecutive<br />

month, while the nonmanufacturing<br />

sector<br />

recorded expansion for<br />

the first time after 16<br />

months of contraction.<br />

This according to<br />

Afrinvest analysts<br />

indicate that the nation’s<br />

rec<strong>over</strong>y from economic<br />

recession is in full swing.<br />

They said: “We believe<br />

the expansions in the<br />

Manufacturing and Non-<br />

Manufacturing sectors<br />

highlight the fact that the<br />

economic rec<strong>over</strong>y is in<br />

full swing and we expect<br />

a positive feedback on<br />

Q2:2017 GDP numbers.<br />

Consequently, we<br />

forecast Q2:2017 GDP to<br />

settle at 0.7 per ent which<br />

implies that the economy<br />

will be out of recession.<br />

Interestingly, the<br />

Employment sub-index of<br />

the Manufacturing and<br />

Non- Manufacturing<br />

sectors expanded for the<br />

first time in 2017, which<br />

suggests renewed<br />

optimism of business<br />

owners on the future<br />

economic conditions.<br />

Hence, we expect that<br />

sustained improvements<br />

in FX liquidity and ease<br />

of doing business will<br />

continue to drive<br />

expansion in business<br />

activities in the interim.”<br />

Analysts at Vetiva<br />

Capital also said that the<br />

Vanguard, MONDAY, JUNE 5, 2017 — 21<br />

INTERBANK INTEREST RATES<br />

May PMI shows that the<br />

nation’s economic<br />

rec<strong>over</strong>y is continuing at<br />

healthy pace. They said:<br />

“Unsurprisingly,<br />

Nigeria’s economy is<br />

showing marginal<br />

improvement, no doubt<br />

supported by rec<strong>over</strong>ing<br />

oil parameters and a more<br />

liquid FX market. These<br />

will likely be aided by<br />

increased efforts to<br />

improve the ease of doing<br />

business in the country<br />

spearheaded by the<br />

Acting President.<br />

“Recent executive<br />

orders to increase<br />

g<strong>over</strong>nment efficiency<br />

and legislative directives<br />

to expand credit to<br />

MSMEs should support<br />

economic rec<strong>over</strong>y.<br />

However, persistent<br />

inflation pressure (May<br />

forecast: 15.8 per cent)<br />

remain a worry and will<br />

continue to pressure<br />

business margins and<br />

consumer wallets.<br />

Nevertheless, reinforced<br />

by recent PMI numbers,<br />

we expect an economic<br />

rebound (2.1 per cent y/<br />

y) in Q2’17.”<br />

C<br />

M<br />

Y<br />

K


22 — Vanguard, MONDAY, JUNE 5, 2017<br />

FINANCIAL VANGUARD<br />

World Bank to support OAuGF’s drive on<br />

accountability, transparency<br />

THE World Bank has<br />

expressed its willingness to<br />

support the Office of the Auditor-<br />

General for the Federation<br />

(OAuGF) in the drive to enthrone<br />

accountability and transparency<br />

in Nigeria by ensuring timely,<br />

speedy and successful<br />

completion of the public<br />

accountability process.<br />

Dr. Edward Olowo-Okere,<br />

Director, G<strong>over</strong>nance Global<br />

Practice of the Bank, stated this<br />

when he paid a courtesy visit to<br />

the Auditor-General for the<br />

Federation, Mr. Anthony Mkpe<br />

Ayine, at the Audit House, audit<br />

institution’s headquarters in<br />

Abuja.<br />

Speaking during the visit,<br />

Olowo-Okere said the World<br />

Bank would like to see that the<br />

Public Accountability circle is<br />

completed on time, and thus<br />

would like to assist the OAuGF<br />

to achieve this goal.<br />

“We want to support the<br />

accountability process so that the<br />

public accounts are completed<br />

on time; that the audit is<br />

completed on time and laid<br />

before parliament and<br />

parliament also does their own<br />

part of reviewing the audited<br />

account and take action on time,<br />

also with the<br />

Executive arm responding on<br />

time on the recommendations<br />

that have been made by the<br />

Public Accounts Committee, to<br />

complete the accountability<br />

circle,” he stated.<br />

Responding, Mr. Ayine<br />

thanked the World Bank for its<br />

support <strong>over</strong> the years, while<br />

listing a number of challenges<br />

which he implored the bank for<br />

further assistance.<br />

By Adegbesan Elizabeth<br />

STERLING Bank Plc and<br />

LEAP Africa have<br />

commenced partnership to<br />

enhance capacity of young<br />

chief executive officers in small<br />

and medium enterprises<br />

(SME) sector.<br />

Mr. Henry Bassey, Chief<br />

Marketing Officer, Sterling<br />

Bank, in company of Founder<br />

of LEAP Africa, Ndidi<br />

Okonkwo Nwuneli, at a press<br />

conference to announce the<br />

LEAP Africa’s 12th CEOs<br />

Forum tagged “Managing<br />

Growth for Profitability”,<br />

disclosed this yesterday.<br />

The LEAP Africa CEOs Forum<br />

is designed to support SME<br />

development in Nigeria and<br />

equip business owners to build<br />

sustainable organizations. The<br />

Forum also exposes business<br />

owners to the importance of<br />

planning for their succession<br />

and instituting effective<br />

systems and structures, and<br />

values within their<br />

organizations, to ensure long<br />

term sustainability.<br />

Nwuneli explained that, “In<br />

Specifically, Mr. Ayine stated<br />

that “as the foremost Audit<br />

Institution working and helping<br />

the country in transparency and<br />

accountability we need to<br />

reposition ourselves effectively so<br />

that we can discharge the<br />

mandate that we have.”<br />

To do this, he said the OAuGF<br />

has submitted an Audit Bill which<br />

is now before the National<br />

Assembly, to afford it the<br />

administrative and financial<br />

autonomy desirable to function<br />

effectively. His words: “We have<br />

prepared and submitted an Audit<br />

Bill, which the House of<br />

Representatives has passed; and<br />

this Audit Bill is now before the<br />

Senate, the upper chamber of the<br />

National Assembly. It is our hope<br />

that if this Audit Bill is passed,<br />

it will help this office to have<br />

the kind of audit independence<br />

that the Supreme Audit<br />

Institution should have.<br />

“So if we have support from<br />

you in this area we will also<br />

appreciate it; because for now,<br />

we lack that administrative and<br />

financial autonomy as a Supreme<br />

Audit Institution.”<br />

He stated: “Our remuneration<br />

is tied to the Civil Service<br />

structure; as such it makes things<br />

difficult to attract the kind of good<br />

hands we should have. And if<br />

this Audit Bill is passed we will<br />

have the necessary structure on<br />

ground that we can be taken out<br />

from the Public Service structure.”<br />

He listed some of the other<br />

challenges that the OAuGF<br />

would appreciate support from<br />

the World Bank to include<br />

capacity building for its<br />

workforce. He said the OAuGF<br />

needs support in the areas of<br />

audit tools it uses, like Computer<br />

Assisted Auditing Techniques<br />

(CAATs), and to also adopt tools<br />

like Teammates audit software or<br />

audit command language,<br />

among other modern auditing<br />

tools<br />

“We need support for us to be<br />

able to build capacity for our staff<br />

in the area of international public<br />

sector accounting standards,<br />

because training for an auditor<br />

and retraining is very necessary.<br />

We would like to compete<br />

globally; we are in a global<br />

village now, so having skilful<br />

manpower is very, very<br />

necessary. So, in the area of<br />

training and retraining, we will<br />

also appreciate if we havesupport<br />

from the World Bank,” Mr.<br />

Ayine stated. He also appealed<br />

to the World Bank to assist in<br />

engagement with the National<br />

Assembly to see to the speedy<br />

consideration of audit report<br />

when it is laid before it.<br />

VISIT: Mr. Anthony Mkpe Ayine, Auditor-General for the Federation (l) receiving Dr.<br />

Edward Olowo-Okere, Director, G<strong>over</strong>nance Global Practice of the World Bank on a courtesy<br />

visit to Office of the Auditor-General of the Federation.<br />

Sterling Bank, LEAP Africa move to boost capacity of young CEOs<br />

the previous CEO forum<br />

including this year we capture<br />

everybody, we just talk about<br />

the level of business, maybe<br />

you run a business for like a<br />

year or two. But for next year<br />

we are thinking young CEOs<br />

forum because we have a lot of<br />

young people doing<br />

outstanding things and starting<br />

businesses,<br />

“You know about the<br />

unemployment rate, many<br />

more people are looking at<br />

small businesses and<br />

enterprises as a way out of the<br />

unemployment line. We are<br />

thinking how can we support<br />

this people, how can we bring<br />

young people building<br />

businesses together”.<br />

GTB introduces GTWorld, assures customers on USSD platform<br />

By Babajide Komolafe<br />

GUARANTY Trust Bank Plc<br />

said that its newly<br />

introduced mobile application,<br />

GTWorld will not replace its<br />

USSD banking service but rather<br />

complement it.<br />

Managing Director/Chief<br />

Executive, GTBank, Mr. Segun<br />

Agbaje, stated this while fielding<br />

questions from journalists during<br />

the launching of GTWorld.<br />

Agbaje stated that while the<br />

USSD platform was targeted at<br />

all mobile phone users, GTWorld<br />

was targeted at Smartphone<br />

users.<br />

He said that USSD Platform<br />

was introduced to ensure that all<br />

the customers of the bank can<br />

conduct mobile banking<br />

irrespective of the kind of phones<br />

they use. We are aware<br />

everybody will not have a<br />

Smartphone, so the USSD<br />

platform will be sustained to<br />

ensure that those who do not<br />

have Smartphone can use their<br />

phones to conduct banking<br />

transactions.<br />

Built on the back of the bank’s<br />

customer-centric digital strategy,<br />

GTWorld features biometric<br />

authentication, such as facial<br />

recognition and fingerprint,<br />

which recognizes a customer and<br />

adapts to how and when they<br />

want to bank. The Mobile<br />

banking app also features a<br />

seamless switch to GAPS Lite, the<br />

online banking platform for small<br />

businesses which offers a <strong>flex</strong>ible<br />

and secure channel to make<br />

payments and collections<br />

anywhere in the world.<br />

With the rapid growth of<br />

Smartphone penetration in<br />

Nigeria, there has been a steady<br />

increase in the adoption of mobile<br />

banking solutions. Smartphone<br />

users are, however, very<br />

conscious about the security,<br />

efficiency and convenience of<br />

such applications; and on those<br />

three fronts, the GTWorld app<br />

excels remarkably. the mobile<br />

banking App offers customers<br />

access to more than 90 percent<br />

of the Bank’s services on their<br />

Smartphones, guarantees further<br />

security through biometric<br />

authentication and ensures<br />

convenience through the Quick<br />

feature, which enables a user to<br />

perform transactions without<br />

signing in, among others.<br />

Ecobank Group<br />

named most<br />

innovative bank<br />

of the year<br />

ECOBANK<br />

Group’s<br />

pioneering work to use<br />

digital technology to financially<br />

empower millions of people<br />

across Africa has been<br />

recognised for driving<br />

‘Innovation in Banking’ at the<br />

African Banker Awards.<br />

Held under the patronage of<br />

the African Development Bank<br />

(AfDB), the annual event is<br />

highly regarded as the most<br />

prestigious award ceremony in<br />

the continent’s banking and<br />

finance sector. Ecobank<br />

triumphed against strong<br />

competition thanks to its leadingedge<br />

efforts to transform banking<br />

in Africa and create higher levels<br />

of financial inclusion.<br />

This includes being the first<br />

bank to introduce a pan-African<br />

card enabling customers to<br />

withdraw cash and make<br />

payments across 36 markets in<br />

Africa. While the 2016 launch of<br />

the revolutionary Ecobank<br />

Mobile App, which is focused on<br />

financially empowering 100<br />

million new customers in Africa<br />

by 2020 has resulted in more<br />

Africans gaining access to<br />

financial tools than ever before.<br />

FCMB produces<br />

winners of<br />

Millionaire promo<br />

season 4<br />

FIRST City Monument<br />

Bank (FCMB) Limited has<br />

produced another set of<br />

millionaires in its ongoing<br />

reward scheme tagged, ‘’FCMB<br />

Millionaire Promo Season 4”.<br />

The latest millionaires, who won<br />

N1 million each, emerged from<br />

the electronic draws held across<br />

Nigeria. In addition, 640 other<br />

customers of the bank were<br />

rewarded with various exciting<br />

gift items, ranging from LED<br />

televisions, power generating<br />

sets, decoders, tablets, smart<br />

phones and other consolation<br />

prizes.<br />

At the Lagos regional draw<br />

held at FCMB’s Broad Street<br />

branch, Musa Mohammed<br />

emerged the winner of<br />

N1million, while at the Abuja/<br />

North regional draw in Abuja,<br />

Yahaya Mohammed was<br />

rewarded with the same<br />

amount. In addition, Vidal<br />

Effiong was announced the lucky<br />

winner of N1million from the<br />

South-East/South-South draw<br />

that took place at the Oron Road<br />

branch of FCMB in Uyo, Akwa<br />

Ibom State, just as Mr. and Mrs.<br />

James Okechukwu (joint<br />

account) are now N1million<br />

richer on account of their<br />

winning at the South-West<br />

regional draw held at the<br />

Gbongan-Ibadan Road branch of<br />

the Bank in Osogbo, Osun state.<br />

The “FCMB Millionaire Promo<br />

Season 4” commenced in March<br />

this year and will run till October.


FINANCIAL VANGUARD<br />

Stocks: Expectation of economic rec<strong>over</strong>y to<br />

further boost confidence this week<br />

By Peter Egwuatu<br />

INDICATIONS have shown<br />

that the equity market will<br />

receive further boost this week<br />

as expectation of economic<br />

rec<strong>over</strong>y continues to heighten<br />

given the bullish trend<br />

recorded in recent weeks.<br />

However, market analysts and<br />

operators have expressed<br />

mixed views as some believe<br />

that some investors will take<br />

profit from the recent bull run<br />

to sell, while others said that<br />

bargain hunting will<br />

characterise the market to<br />

sustain bullish trend.<br />

Also, on a year-to-date basis,<br />

the Nigerian Stock Exchange,<br />

NSE All share index increased<br />

by 16.73 per cent. The sector<br />

gauges, showed that the NSE<br />

Banking Index, the NSE<br />

Insurance Index, the NSE<br />

Consumer Goods Index and<br />

the NSE Industrial Index<br />

revved by <strong>400</strong> bps, 608 bps,<br />

768 bps and 917 bps to close at<br />

376.44 points, 140.75 points,<br />

776.06 bps and 1,853.65 points<br />

respectively.<br />

Market outlook:<br />

Market analysts from Cowry<br />

Asset Management said “This<br />

week, we expect a mix of profit<br />

taking and bargain hunting<br />

activities amid boost in investor<br />

confidence.”<br />

Analysts from Meristem<br />

Securities Limited stated<br />

“Positive investor sentiments<br />

continued into the week, as we<br />

saw significant appreciations<br />

on stocks trading at low prices<br />

compared to their historical<br />

levels. We also note that the<br />

15.67 per cent gain on Dangote<br />

Cement to N192.93 pushed<br />

the market further into the<br />

positive region. In the coming<br />

week, while we expect the<br />

SHAREHOLDERS of May<br />

& Baker Nigeria Plc<br />

have commended its Board of<br />

Directors for the remarkable<br />

achievement in resuming the<br />

manufacture of vaccines in the<br />

country as Nigeria’s Federal<br />

Executive Council had<br />

ratified the 12-year old<br />

agreement between it and the<br />

company.<br />

The shareholders also<br />

commended the Board for an<br />

improved financial<br />

performance and declaring<br />

dividend despite the harsh<br />

operating environment.<br />

Managing Director/CEO of<br />

May & Baker Nigeria Plc, Mr.<br />

Nnamdi Okafor, who<br />

announced the good news<br />

while addressing<br />

shareholders at the 66th<br />

annual general meeting of the<br />

company held in Lagos said<br />

“with the action of the Federal<br />

positive sentiments to continue,<br />

we may see some profit taking<br />

on counters which have<br />

recorded share price<br />

appreciation.”<br />

Market Transactions:<br />

Meanwhile, a total turn<strong>over</strong><br />

of 2.319 billion shares worth<br />

N23.813 billion in 22,310 deals<br />

were traded last week by<br />

investors on the floor of the<br />

Exchange in contrast to a total<br />

of 1.877 billion shares valued<br />

at N20.055 billion that<br />

exchanged hands last week in<br />

Executive Council (FEC), the<br />

partners will immediately<br />

take steps to reconstitute the<br />

board of Biovaccines Nigeria<br />

Limited, the company set up<br />

for the purpose of vaccine<br />

manufacturing in Nigeria<br />

through the May & Baker<br />

partnership with the Federal<br />

G<strong>over</strong>nment.”<br />

In 2005, May & Baker<br />

entered into a joint venture<br />

with the Federal g<strong>over</strong>nment<br />

to take <strong>over</strong> the facilities of the<br />

Federal Vaccine Production<br />

Laboratory (FVPL) in Yaba for<br />

the purpose of resuming<br />

vaccine production which had<br />

stopped due to the inability of<br />

the FVPL to cope with<br />

operational challenges. The<br />

project was however delayed<br />

due to the non ratification of<br />

the agreement by successive<br />

g<strong>over</strong>nments.<br />

Chief Boniface Okezie,<br />

19,979 deals.<br />

The Financial Services<br />

Industry (measured by volume)<br />

led the activity chart with 1.950<br />

billion shares valued at<br />

N15.479 billion traded in<br />

14,381 deals; thus contributing<br />

84.12 per cent and 65.00 per<br />

cent to the total equity<br />

turn<strong>over</strong> volume and value<br />

respectively.<br />

The Consumer Goods<br />

Industry followed with 156.358<br />

million shares worth N2.875<br />

billion in 2,804 deals. The third<br />

place was occupied by<br />

Chairman, Progressive<br />

Shareholders Association,<br />

said the investment in local<br />

vaccine production will<br />

certainly multiply the turn<strong>over</strong><br />

and profitability of May &<br />

Baker. He commended the<br />

management of the company<br />

for remaining resolute on the<br />

local vaccine project despite<br />

the long delays in its<br />

realization.<br />

Commenting on the<br />

performance of the company,<br />

Chief Timothy Adesiyan,<br />

president, Nigerian<br />

Shareholders Solidarity<br />

Association, said May &<br />

Baker has kept its year end<br />

financial performance very<br />

impressive despite harsh<br />

operating environment. He<br />

said the addition of vaccine<br />

into the business of the<br />

company will lead to<br />

astronomical growth in<br />

Conglomerates Industry with a<br />

turn<strong>over</strong> of 70.452 million<br />

shares worth N168.377 million<br />

in 739 deals. Trading in the Top<br />

Three Equities namely –<br />

Diamond Bank Plc, FBN<br />

Holding Plc and United Bank<br />

for Africa Plc (measured by<br />

volume) accounted for 978.710<br />

million shares worth N4.137<br />

billion in 5,028 deals,<br />

contributing 42.21 per cent and<br />

17.37 per cent to the total<br />

equity turn<strong>over</strong> volume and<br />

value respectively.<br />

Shareholders commend May & Baker vaccine production<br />

•Okay 6 kobo dividend<br />

Vanguard, MONDAY, JUNE 5, 2017 —23<br />

earnings. He commended the<br />

company for being consistent<br />

in declaring dividends.<br />

May & Baker increased its<br />

turn<strong>over</strong> in the 2016 financial<br />

year by 12 per cent, to N8.5<br />

billion in 2016. Profit before<br />

tax grew by 143 per cent to<br />

N346 million. Deferred<br />

taxation and back duty taxes<br />

however whittled down the<br />

bottom-line to a net loss of<br />

N41 million.<br />

The company declared<br />

dividend of 6 kobo for every<br />

50 kobo share. The<br />

management attributed the<br />

impressive performance to<br />

cost optimization measures<br />

which reduced distribution,<br />

sales and marketing expenses<br />

by 11 per cent, finance costs<br />

by 12 per cent and<br />

administrative costs by 6 per<br />

cent.<br />

CIS engages<br />

finance minister,<br />

SEC on 10 year<br />

capital market<br />

master plan<br />

By Peter Egwuatu<br />

AS part of effort to<br />

addressing the lull in the<br />

Nigerian capital market<br />

occasioned by the economic<br />

recession, the Chartered Institute<br />

of Stockbrokers, CIS, said it will<br />

engage the Minister of Finance<br />

and the Securities and Exchange<br />

Commission, SEC, on the 10-<br />

year Capital Market Master Plan<br />

(CMMP) in order to make the<br />

market more attractive to<br />

investors.<br />

A Board member of the CIS,<br />

Alhaji Umaru Kwairanga, who<br />

disclosed this to Vanguard said<br />

that the Institute empowered by<br />

Act 105 of 1992 (Laws of the<br />

Federal Republic of Nigeria) as<br />

the only body that has legitimate<br />

statutory powers to train and<br />

certify bona fide professionals in<br />

the securities and investment<br />

industry in Nigeria, has active<br />

interest in the development of its<br />

members and the market in<br />

general.<br />

To this extent, he said the<br />

Institute will engage the Minister<br />

of Finance, Kemi Adeosun,<br />

Director General of SEC, Mounir<br />

Gwarzo and other relevant<br />

g<strong>over</strong>nment agencies <strong>over</strong> the<br />

CMMP that is expected to help<br />

spur the market to greater height.<br />

According to him “The Plan,<br />

which was launched in 2015 is a<br />

very detailed and thoroughly<br />

researched document that is<br />

intended to guide the evolution<br />

of the Nigerian capital market<br />

into a global masterpiece by the<br />

year 2025.We will engage with<br />

g<strong>over</strong>nment authorities to ensure<br />

the fullest implementation of this<br />

plan.”<br />

While commenting on the<br />

upcoming CIS annual workshop<br />

scheduled to take place on July<br />

4 at the NICON Hilton, Abuja,<br />

Alhaji Kwairanga, who is the<br />

organising committee Chairman<br />

said “ Investor confidence is<br />

gradually returning as can be<br />

seen by the positive numbers in<br />

recent weeks. Our prayer is that<br />

the G<strong>over</strong>nment, the Central<br />

Bank of Nigeria and other<br />

regulators remain consistent in<br />

their resolve to tackle the issues<br />

that have held our economy and<br />

this country’s potential down in<br />

recent years.”<br />

Commenting further, he said<br />

“In view of the foregoing and the<br />

need to encourage the<br />

g<strong>over</strong>nment to leverage on the<br />

capital market to finance this<br />

year’s budget deficit, it has<br />

become imperative to create a<br />

platform for cross fertilisation of<br />

ideas. In pursuit of this noble<br />

goal, we have, therefore decided<br />

to hold a strategic national<br />

workshop with the theme:<br />

‘Transiting from recession to top<br />

global power: a Working template<br />

for Nigeria.’


24 — Vanguard, MONDAY, JUNE 5, 2017<br />

FINANCIAL VANGUARD<br />

Managing equity investments during<br />

market downturns — FDC<br />

By Emeka Anaeto,<br />

Business Editor<br />

Nigerian Stock Exchange<br />

rebounded last week<br />

after previous week’s<br />

reversal of the four-week stretch<br />

bull-run, validating some<br />

analysts’ position that last<br />

week’s loss was nothing more<br />

than a dead cat bounce.<br />

Since the launch of the<br />

Investors’ and Exporters’ (I&E)<br />

Foreign exchange window, the<br />

Nigerian equities market has<br />

appreciated on 24 of the 28<br />

trading days. The generally<br />

positive sentiment in the bourse<br />

was evident in trading activities<br />

last week as the benchmark<br />

index advanced on all trading<br />

days of the week. Notably, on<br />

Friday, the largest daily gain<br />

since May 2016, was recorded<br />

as the All Shares Index (ASI)<br />

grew 3.5%. Consequently, the<br />

Nigerian equities market<br />

appreciated 7.9% week-onweek<br />

to close at 31, 371.63<br />

points while year-to-date (YtD)<br />

return strengthened to +16.7%<br />

Many analysts believe that<br />

the market fundamentals is still<br />

very strong, particularly in light<br />

of the improved stability and<br />

liquidity in the foreign currency<br />

market and the reported<br />

stability in the macro-economic<br />

environment, as the Monetary<br />

Policy Committee (MPC) of the<br />

Central Bank of Nigeria, in line<br />

with consensus expectations,<br />

retained the Monetary Policy<br />

Rate (MPR) at 14% previous<br />

week.<br />

However, it appeared<br />

investors were less swayed by<br />

the recently published first<br />

quarter 2017 (Q1’17) gross<br />

domestic products figures<br />

which revealed that the<br />

Nigerian economy was<br />

beginning to reverse the steady<br />

decline, though the GDP<br />

contracted for the fifth<br />

consecutive quarter and still<br />

remains in recession.<br />

Consequently, the equity<br />

investors’ community remained<br />

enticed by the usual sectors, the<br />

banking and consumer goods<br />

stocks.<br />

Again, though the National<br />

Bureau of Statistics (NBS)<br />

revealed that the total value of<br />

capital imported into Nigeria in<br />

the Q1’17 declined by 41.36%<br />

to USD908.27 million, driven by<br />

a fall in other investment,<br />

notably, portfolio investment<br />

was the only category to record<br />

an increase from the previous<br />

quarter. This gave the<br />

impression of a returning of the<br />

<strong>over</strong>seas’ capital into the stock<br />

market despite the persisting<br />

macro-economic challenges.<br />

Stockbrokers have been<br />

recording increased patronage<br />

from the section of the investing<br />

publics who had abandoned the<br />

stock market in recent years<br />

due to the long-drawn bear run<br />

and the attendant huge losses.<br />

Their return followed a return<br />

of confidence and near rec<strong>over</strong>y<br />

in the market in the past few<br />

•Bismark Rewane, CEO FDC<br />

weeks.<br />

However, bears resurfaces<br />

intermittently in the stock<br />

market despite the positive<br />

sentiments pervading the entire<br />

economic spaces and the stock<br />

market. Though many analysts<br />

attributed the development to<br />

profit taking after almost five<br />

weeks of bullish trading, some<br />

observers believed the reemergence<br />

of bears may signal<br />

cautious optimism.<br />

At the backdrop of the<br />

development which many<br />

analysts believe would heighten<br />

this week we bring you the inhouse<br />

advice of Financial<br />

Derivatives Company Limited,<br />

Most<br />

importantly,<br />

investors<br />

must respond<br />

strategically<br />

rather than<br />

react to<br />

market<br />

developments<br />

in periods of<br />

slowdown<br />

a Lagos based investment<br />

house, headed by one of the<br />

leading Nigerian economists,<br />

Bismarck Rewane.<br />

Exerpts;<br />

In this time of economic<br />

slowdown investors may be<br />

asking them-selves if they have<br />

the appetite to stay in the<br />

market.<br />

Periods of recession or<br />

economic downturn are rife with<br />

uncertainty, dampened appetite<br />

•Oscar Onyeama, NSE CEO.<br />

Stock Market Performance in the last 10 days<br />

for investments and heightened<br />

risk.<br />

The natural response in such<br />

periods may be to delay<br />

investing until conditions<br />

improve. In extreme cases,<br />

investors may pull out of the<br />

markets all together.<br />

The financial crisis/global<br />

recession in 2008 left a bad taste<br />

in the mouth of investors. Some<br />

vowed never to return to the<br />

stock market while others<br />

reduced their participation to<br />

the barest mini-mum.<br />

The Nigerian stock market<br />

was not exempt. Between 2008<br />

and 2009, investors witnessed<br />

significant erosion in the value<br />

of their investments as the<br />

market lost N7.24trn from a<br />

high of N12.64trn.2 This saw<br />

reduced participation in the<br />

stock market for both foreign<br />

and domestic investors.<br />

As the current economic<br />

slowdown shows its ugly head,<br />

investors will be less likely to<br />

make the same mistakes as<br />

those made in 2008/2009.<br />

As the old saying goes: once<br />

bitten twice shy. Investors are<br />

likely to remain on the sidelines<br />

until there is some semi-blance<br />

of rec<strong>over</strong>y. While accepting that<br />

this approach (which is purely<br />

risk averse) is understandable,<br />

there are approaches to<br />

investing that can be used when<br />

transacting in the stock market<br />

especially during downturns.<br />

Most importantly, investors<br />

must respond strategically<br />

rather than react to market<br />

developments in periods of<br />

slowdown. With a bit of proactivity<br />

and <strong>flex</strong>ibility, investors<br />

can still participate in the<br />

market, despite the economic<br />

downturn.<br />

Here are a few ways on how<br />

to stay invested:<br />

1.)Take advantage of lower<br />

stock prices to increase their<br />

holdings especially if they have<br />

a long term outlook. By<br />

purchasing ad-ditional stocks,<br />

investors also reduce their<br />

average unit cost of purchase.<br />

Another good strategy is<br />

identifying <strong>over</strong>sold stocks to<br />

purchase (i.e buying into a<br />

stock that has seen a lot of<br />

selling and is ripe for a<br />

turnaround).<br />

2.)Invest in dividend paying<br />

companies with consistent<br />

paying policy or defensive<br />

stocks with good dividend<br />

history.<br />

3.)Manage losses – Markets<br />

exaggerate themselves in the<br />

direction of losses. Therefore<br />

losses have to be minimized.<br />

This can be done by setting and<br />

adhering to price limits. Stop<br />

loss orders, usually executed by<br />

brokers, are designed to limit<br />

investors’ loss on a position in<br />

a security. With a stop loss order,<br />

a market order to sell is<br />

triggered when the stock trades<br />

below a certain price and it will<br />

be sold at the next available<br />

price.<br />

4.)Be ambivalent about bear<br />

markets – adopt the right<br />

mental approach, knowing<br />

there are opportunities also in<br />

Bear markets.<br />

5.)Diversify across asset<br />

classes and investment types to<br />

reduce risk. Having a<br />

percentage of your portfolio<br />

spread amongst stocks, bonds,<br />

cash and alternative assets such<br />

as real estate assets, is the core<br />

of diversification. A proper asset<br />

allocation strategy will allow you<br />

avoid the potentially negative<br />

effects resulting from placing all<br />

your eggs in one basket.<br />

6.)Invest in assets that help<br />

preserve capital.<br />

7.)Avoid increasing your<br />

borrowing especially to invest<br />

in the stock market. This is<br />

clearly not a time to increase<br />

leverage.<br />

8.)Consider Inverse ETFs.<br />

Investing in ETFs is similar to<br />

using a combination of<br />

advanced investment strategies<br />

to profit from declining prices.<br />

Even though these are<br />

instruments which are not<br />

available in the Nigerian<br />

investment space, they are readily<br />

available in developed<br />

markets.<br />

9.)Play safe. Playing safe<br />

means putting a larger portion<br />

of your portfolio in money<br />

market securities such as fixed<br />

deposits, treasury bills and<br />

other instruments with shorter<br />

maturities and acceptable<br />

yields<br />

Investment strategies have to<br />

be dynamic. Different strategies<br />

should be adopted in periods of<br />

boom and bust. The best advice<br />

one can give during a recession<br />

is to take the time to revisit longterm<br />

goals, and adjust <strong>over</strong>all<br />

asset allocation to protect<br />

assets.<br />

It is important to note that in<br />

spite of all the strategies out<br />

there, nothing is entirely<br />

foolproof. It is expected that<br />

investors proceed with caution<br />

and also seek the services of<br />

professionals who would offer<br />

guidance.


FINANCIAL VANGUARD<br />

Over 12,000 disengaged workers get N4b<br />

from pension contribution<br />

By Rosemary Onuoha<br />

DUE to the incessant loss<br />

of jobs occasioned by the<br />

economic downturn, a total of<br />

12,464 disengaged workers<br />

were paid N4 billion from their<br />

pension contribution in the<br />

third quarter of 2016 by their<br />

different Pension Fund<br />

Administrators (PFAs). The<br />

payments were made in<br />

accordance with the Pension<br />

Reform Act, 2014 which allows<br />

workers below 50 years under<br />

the Contributory Pension<br />

Scheme, CPS, to access 25 per<br />

cent of their pension<br />

contribution if they are not able<br />

to get another job after four<br />

months.<br />

According to the 2016 third<br />

quarter report of the National<br />

Pension Commission<br />

(PenCom), the private sector<br />

accounted for 95.43 per cent of<br />

the figure which represents<br />

By Favour Nnabugwu<br />

LAGOS State G<strong>over</strong>nment<br />

has conducted a verification<br />

exercise of non-pensionable staff<br />

in 20 local g<strong>over</strong>nments and 37<br />

local community development<br />

areas of the State.<br />

The exercise was carried out<br />

by the State establishment<br />

department under the Lagos<br />

State Ministry of Establishment,<br />

Training and Pensions, in<br />

conjunction with the Office of the<br />

Head of Service and Office of the<br />

Auditor General<br />

Commissioner, Ministry of<br />

Establishments, Training and<br />

Pensions, Dr. Akintola Benson<br />

told Vanguard Insurance last<br />

week that recommendations of<br />

the committee have been<br />

approved for implementation by<br />

the State G<strong>over</strong>nor, Akinwunmi<br />

Ambode. He said the<br />

department has also, in<br />

173,578 of the disengaged<br />

workers, while the public sector<br />

accounted for 4.57 per cent,<br />

totaling 8,305 disengaged<br />

workers. The pension regulator<br />

noted that N56.9 billion has<br />

been paid to 181,883<br />

disengaged workers since the<br />

inception of the CPS. It said<br />

N1.84 billion was also paid as<br />

death benefits to beneficiaries<br />

of 532 deceased employees<br />

within the quarter under<br />

review.<br />

Commenting on this<br />

development, Managing<br />

Director/Chief Executive,<br />

Sigma Pensions Limited, Mr.<br />

Dave Uduanu said that<br />

requests by disengaged<br />

workers to access 25 per cent<br />

of their pension contribution is<br />

constantly on the increase to<br />

enable them keep body and<br />

soul together until they secure<br />

another job.<br />

Uduanu said that inadequate<br />

conjunction with the Office of<br />

Transformation, Creativity and<br />

Innovation, carried out an<br />

exercise on workforce planning<br />

and streamlining of contract<br />

appointment at the Lagos Water<br />

Corporation.<br />

In the same vein and in line<br />

with extant provisions, approvals<br />

for payment of severance<br />

allowance in respect of political<br />

office holders who had completed<br />

their tenure in office were<br />

obtained from the G<strong>over</strong>nor. He<br />

added that the department<br />

compiled and submitted the<br />

changes witnessed on<br />

establishments matters within<br />

the last 50 years in Lagos State.<br />

He noted that in line with the<br />

directive of the G<strong>over</strong>nor for the<br />

replacement of written<br />

examinations towards<br />

promotions, with structured<br />

training, the office supervised the<br />

contribution of funding remains<br />

a major challenge in the<br />

pension industry amid the<br />

present global fiscal constraint,<br />

noting, “We can understand.<br />

Its current reality of ours, the<br />

economy is on the downturn<br />

but we’re looking forward<br />

positively but many employers<br />

are not able to pay employees<br />

contribution.<br />

“For those that have and are<br />

still in business many of them<br />

have shed weight, which<br />

means if they previously had<br />

100 employees, they now<br />

manage with thirty or forty. So<br />

it’s not the fault of those<br />

employers, it’s an economic<br />

situation, not even in Nigeria<br />

alone. And looking at what<br />

g<strong>over</strong>nment has put in place<br />

<strong>over</strong> the years since the new<br />

administration came in, we feel<br />

positive that things will turn<br />

around very soon.”<br />

From left: Victor Akisanya of RFIB (UK), Mr. Badejo Onaduja of RTS Global insurance Brokers,<br />

Mr. Sola Ajayi of AIICO Insurance Plc and Mr. Bosun Oduniyi of AIICO Insurance at the just<br />

concluded 44th African Insurance Organization (AIO) in Kampala, Uganda<br />

Lagos conducts verification of<br />

non-pensionable workers<br />

compliance of the directive,<br />

service–wide, adding, “In the<br />

last one year, the CSPO has<br />

achieved a lot. Pensioner<br />

population in the main stream<br />

stands at 8512 as at April, 2017.<br />

The total sum of N1. 84 billion<br />

was paid as pensions from May<br />

31, 2016 to April 30, 2017.<br />

“The office forwarded 185<br />

Lagos State pensioners with<br />

federal shares complaints<br />

ranging from short payment of<br />

gratuity and arrears to stoppage<br />

of monthly pensions to the<br />

Director-General, Pensions<br />

Transition Arrangement<br />

Department (PTAD) office,<br />

Abuja. It also facilitated the<br />

reinstated payments of additional<br />

15 pensioners that have just<br />

attained the Expected Date of<br />

Pension (EDOP), and<br />

adjustments in pension”, he<br />

added.<br />

Vanguard, MONDAY, JUNE 5, 2017 —25<br />

Africa Re charges Ambassadors,<br />

High Commissioners on CSR<br />

Stories by Favour Nnabugwu<br />

AFRICA Reinsurance Corporation (Africa Re) has tasked<br />

Ambassadors and High Commissioners in Nigeria to support<br />

the needy and less privilege in the country.<br />

The Deputy Managing Director of Africa Re, Mr Ken<br />

Aghoghovbia, told Vanguard Insurance during the celebration of<br />

the 54th Africa Day in Abuja this should form major part of their<br />

corporate social responsibility.<br />

“This action by the African Group of Ambassadors and High<br />

Commissioners is all the more laudable as the assistance will<br />

help lift the needy out of their desperate conditions and will<br />

provide comfort and hope to these underprivileged in the country<br />

and the Federal Capital Territory.”<br />

Aghoghovbia said the pan-African reinsurer with predominantly<br />

African shareholders, provides reinsurance capacity to <strong>over</strong> 60<br />

countries across Africa, Asia, the Middle-East and Brazil.<br />

“Africa Re is always pleased to be part of such commendable<br />

actions that promote the welfare of fellow Africans. Such actions<br />

are part of the Corporate Social Responsibility (CSR) of Africa<br />

Re in the markets where it operates, he said.”<br />

He said that he Corporation is passionate about its involvement<br />

in Africa activities, “It is gratifying for Africa Re to be part of<br />

praiseworthy initiatives like providing equipment and learning<br />

materials to schools specialized in the education of<br />

underprivileged children with disabilities.”<br />

The leading reinsurer in Africa, he recalled was set up 41 years<br />

ago by members of the African Union and the African Development<br />

Bank even as he stated that Africa Re Group remains the<br />

leading reinsurance company in Africa.<br />

Losses in Nigeria, competition force<br />

African oil & energy pool dip 15.93%<br />

THE African Oil & Energy Insurance Pool witnessed a decrease<br />

of 15.93 percent in premium income, to US$16,051,959 in<br />

2016 from US$19,093,197 in 2015.<br />

The profit also decreased considerably to US$47,881 in 2016from<br />

US$ 5,595,662 in 2015. In the year under review, the African Oil<br />

& Energy Pool generated half of its business from offshore/onshore<br />

projects, and the remaining half solely from onshore activities.<br />

The decrease is still attributable to the loss of business from<br />

Nigeria resulting from the creation of its Energy Pool.<br />

Other reasons are the slide in premium rates because of<br />

continued competition in the market place and the global downturn<br />

in oil & gas businesses. The review of the sector results further<br />

showed that the formation of a local oil and energy pool by Nigeria<br />

affected the performance of the sub-regional pool.<br />

In February 2016, the Nigerian insurance underwriters, in their<br />

bid to ensure active participation in underwriting of businesses<br />

of oil multinationals in the country, formed their own energy pool.<br />

The Energy sector faced a number of challenges which include<br />

low oil prices, pressure on cost control, lay-off of workers and the<br />

risk of cyber-attacks.<br />

In the upstream sector, market capacity rose to USD 7.72 billion,<br />

up from USD 7.56 billion while <strong>over</strong> USD5.5 billion of upstream<br />

energy losses were recorded in 2015.<br />

In the downstream sector, market capacity is up from USD6.19<br />

billion to USD6.50 billion. Losses from this sector stood at USD2.58<br />

billion in 2016 (2015: USD1.91 billion).<br />

The Pool negotiated its treaties in an environment of excess<br />

capacity which enabled it to obtain c<strong>over</strong>s at competitive terms.<br />

AIO urges insurance operators to<br />

publish books on insurance<br />

AFRICAN Insurance Organisation (AIO) is encouraging<br />

insurance practitioners in Nigerian and other countries to<br />

write book on insurance to partake in AIO’s book award.<br />

The Secretary-General of AIO, Ms Prisca Soares announced<br />

the winner of the 2017 book award, titled, ‘Development of<br />

Insurance in Mozambique’ written by Mr. Isreal Muchena<br />

Soares told the <strong>over</strong> 850 insurance executives in Kampala,<br />

Uganda, at the just concluded 44th AIO conference that<br />

insurance operators should find time within their busy schedules<br />

to write books and participate in the AIO awards.<br />

Mr. Muchena, winner of the book award is an Assistant Director,<br />

Operations, in Mauritius office of Africa Reinsurance Corporation<br />

(Africa Re). In Development of Insurance in Mozambique, Israel<br />

Muchena explores these and many other questions regarding<br />

insurance and its development.<br />

In his review, he relies on his many years of experience in the<br />

insurance sector of Mozambique and many other African<br />

countries.


26—Vanguard, MONDAY, JUNE 5 , 2017<br />

FINANCIAL VANGUARD<br />

Failure to implement Guaranteed<br />

Minimum Pension (GMP)<br />

undermines the Pension<br />

Reform Act — Apere<br />

Managing Director, Linkage Assurance Plc, Dr. Pius Apere in<br />

this interview discusses implications of the failure of the federal<br />

g<strong>over</strong>nment to implement the Guaranteed Minimum Pension in<br />

the Pension Reform Act 2014 and its impact on the welfare of<br />

Nigerian pensioners. Excepts<br />

By Favour Nnabugwu<br />

WHAT are the<br />

expectations of<br />

pensioners?<br />

Nigerian Pensioners have<br />

high expectations on the<br />

National Pension Commission<br />

(PENCOM) and/or<br />

G<strong>over</strong>nment to timely,<br />

efficiently and effectively<br />

implement all provisions of<br />

pension regulations. These<br />

expectations arise from the<br />

need to have sustainable<br />

standard of living in retirement.<br />

Under the prevailing pension<br />

regulations in Nigeria, one of<br />

the ways to achieve the<br />

pensioners’ social welfare goal<br />

is the implementation of the<br />

Guaranteed Minimum Pension<br />

(GMP) as provided in section<br />

84(1) of the Pension Reform Act<br />

(PRA) 2014 as amended, which<br />

states that “all Retirement<br />

Savings Account (RSA) holders<br />

who have contributed to<br />

licensed Pension Fund<br />

Administrators (PFAs) for a<br />

number of years to be specified<br />

by the Commission shall be<br />

entitled to a guaranteed<br />

minimum pension as may be<br />

specified from time to time by<br />

the Commission”.<br />

Redistribution<br />

of resources<br />

The GMP is akin to an income<br />

support from the g<strong>over</strong>nment<br />

and can be considered as a<br />

variant of social security policy<br />

that ensures redistribution of<br />

resources to its populace. In<br />

this case, it acts as a safety net<br />

for pensioners.<br />

In practice, the GMP is a form<br />

of underpin applicable in a<br />

defined contribution (DC)<br />

scheme, such as the<br />

Contributory Pension Scheme<br />

(CPS) currently being operated<br />

in Nigeria, which has a main<br />

benefit that is defined<br />

contribution in nature, with a<br />

promise that the benefit will be<br />

at least a defined benefit (DB)<br />

amount (i.e. the GMP), usually<br />

a percentage of final salary at<br />

retirement date.<br />

The importance the<br />

G<strong>over</strong>nment attached to the<br />

welfare of retirees has led to the<br />

provision of the GMP in the<br />

Act. It is however surprising<br />

that the PenCom is yet to<br />

finalize the modalities for the<br />

implementation of the GMP,<br />

more than ten years after the<br />

CPS was established in the<br />

country since 2004.<br />

What is the rationale for<br />

GMP Provision in PRA 2014?<br />

The traditional thinking has<br />

been that members in DC<br />

schemes bear all the risks and<br />

rewards and receive whatever<br />

outcomes are produced at<br />

retirement. These DC schemes<br />

may have the legal ability to<br />

adjust members’ liabilities<br />

including contribution rates<br />

automatically, as asset values<br />

move up or down, therefore<br />

limiting the need to immunize<br />

asset/liability movements. This<br />

is a scenario where no GMP is<br />

applicable.<br />

On the other hand, a DC<br />

system such as CPS under PRA<br />

2014 that forces compulsory<br />

contribution rates (section 4(1)<br />

of PRA 2014) and entails<br />

significant tax concessions<br />

(section 10 of PRA 2014) should<br />

not, under reasonable<br />

circumstances, be left to<br />

require members to bear all<br />

risks <strong>over</strong> many decades of<br />

membership. Thus, the<br />

introduction of guaranteed<br />

minimum pension (GMP) in<br />

section 84(1) of PRA 2014 is<br />

quite appropriate with the aim<br />

to reduce the risk of volatility<br />

in standard of living in<br />

retirement facing the<br />

pensioners. Thus, the<br />

investment risk and cost of<br />

GMP are not only borne by<br />

RSA holders but also by<br />

PenCom, pension operators<br />

and G<strong>over</strong>nment.<br />

The GMP is usually to protect<br />

the scheme members (RSA<br />

holders) against some of the<br />

risks of low investment returns,<br />

particularly in the event of<br />

exceptionally poor investment<br />

conditions, for instance, during<br />

the global economic crisis in<br />

2008 and particularly the<br />

economic down turn currently<br />

being experienced in Nigeria.<br />

Furthermore, a more<br />

generous GMP may also be<br />

applied on a temporary basis<br />

after a conversion of a scheme<br />

from a defined benefit form to<br />

a defined contribution form,<br />

and thus, the implementation<br />

of GMP would had been very<br />

appropriate immediately after<br />

the introduction of the<br />

Contributory Pension Schemes<br />

(CPS) in 2004.<br />

Funding of GMP<br />

PenCom had been mandated<br />

to establish and maintain a<br />

fund to be known as the<br />

Pension Protection Fund (PPF)<br />

for the benefits of eligible<br />

pensioners approved or<br />

recognized under section 82(1)<br />

of PRA 2014.The Fund would<br />

•Dr. Pius Apere<br />

be applied to fund the<br />

minimum pension guarantee<br />

and also pay compensation to<br />

eligible pensioners for shortfall<br />

or financial losses that could<br />

arise from investment activities,<br />

amongst others. The PPF<br />

requires funding by the<br />

G<strong>over</strong>nment, PenCom and<br />

There is no<br />

indication that the<br />

Federal<br />

G<strong>over</strong>nment has<br />

started contributing<br />

the required one per<br />

cent of its employees<br />

wage bill since the<br />

g<strong>over</strong>nment is still<br />

struggling to fund<br />

the accrued pension<br />

liabilities of existing<br />

pensioners under<br />

the old DB pension<br />

regime<br />

Pension Operators. Section<br />

82(2) of the PRA 2014 states that<br />

the” PPF shall consist of: An<br />

annual subvention of 1% of the<br />

total wage bill of total monthly<br />

wage bill of employees in the<br />

Public Service of the<br />

Federation towards funding the<br />

GMP; Annual pension<br />

protection levy paid by<br />

PENCOM and all licensed<br />

operators (PFAs) at rate to be<br />

determined by PENCOM, from<br />

time to time; and Income from<br />

investment of the PPF.<br />

Indeed, the funding of GMP<br />

is the responsibility of the<br />

g<strong>over</strong>nment in other<br />

jurisdictions (such as in the UK<br />

and Chile, just to mention a<br />

few) to ensure that pensioners<br />

will not have less than a certain<br />

amount to live on. In Chile the<br />

cost of funding the GMP is<br />

expressed in terms of the<br />

nation’s Gross Domestic<br />

Product (GDP). This metric is<br />

more appropriate than that<br />

specified in (a) above, since<br />

private sector employees in<br />

CPS who retiree may also<br />

qualify for GMP. There is no<br />

indication that the Federal<br />

G<strong>over</strong>nment has started<br />

contributing the required 1% of<br />

its employees wage bill since<br />

the G<strong>over</strong>nment is still<br />

struggling to fund the accrued<br />

pension liabilities of existing<br />

pensioners under the old DB<br />

pension regime.<br />

Annual pension protection<br />

levy<br />

The Current Annual Pension<br />

Protection Levy (APPL) is 3%<br />

of management fee earned by<br />

operators, as determined by<br />

PenCom in October 2016. The<br />

current levy is not likely to be<br />

adequate to fund the GMP for<br />

private sector retirees.<br />

The income from investing<br />

PPF is likely to be small as fixed<br />

income securities may<br />

constitute a greater proportion<br />

of its investments relative to<br />

investing in equities.<br />

As employees of<br />

organizations with less than<br />

three employees as well as selfemployees<br />

shall be entitled to<br />

join the CPS (section 2(3) of<br />

PRA 2014), the number of<br />

future retirees qualifying for<br />

GMP is likely to increase<br />

exponentially <strong>over</strong> time. Thus,<br />

there will be a corresponding<br />

increase in future GMP liability<br />

which is also likely to put a<br />

strain on PPF, having<br />

considered the funding<br />

methodology as stated in the<br />

Act in the light of present<br />

economic situation in Nigeria.<br />

The number of retirees<br />

qualifying for GMP will be<br />

reduced if many employees are<br />

encouraged to make annual<br />

voluntary contribution (AVC)<br />

and this will in turn reduce the<br />

strain on PPF.<br />

Thus, the adequacy of the<br />

PPF will be tested if the GMP<br />

is fully implemented to take<br />

effect retrospectively, thereby<br />

allowing all those who have<br />

retired since the contributory<br />

pension scheme was<br />

established in 2004 to qualify<br />

for the GMP provided the level<br />

of pension in payment is below<br />

the GMP to be set by<br />

PENCOM.<br />

The implications for non<br />

implementation of GMP<br />

Despite the importance of<br />

GMP in managing the<br />

pensioners’ standard of living<br />

in retirement, the<br />

implementation of GMP has<br />

not commenced since the CPS<br />

was established in 2004. The<br />

delay in implementation of<br />

GMP could be attributed to the<br />

following: Computational<br />

complexities. The assessment<br />

of the level of GMP and the<br />

cost of GMP requires stochastic<br />

modeling techniques. This is<br />

clearly a task which should be<br />

under the control of an actuary<br />

and as such PenCom should<br />

obtain the relevant actuarial<br />

professional services.<br />

Availability of required<br />

funds to finance the GMP<br />

For instance, in April 2017,<br />

the federal g<strong>over</strong>nment<br />

released the sum of N54million<br />

out of the outstanding Accrued<br />

rights. Accrued rights are<br />

benefits which the workers who<br />

were in the public service prior<br />

to 2004 when the CPS was<br />

introduced are entitled.<br />

Welfare of<br />

pensioners<br />

The effects of nonimplementation<br />

of the GMP on<br />

the welfare of pensioners can<br />

be summarised as follows:<br />

Increased low standard of<br />

living or high p<strong>over</strong>ty<br />

incidence among current<br />

pensioners due to no pension<br />

increases allowed for under the<br />

CPS. The GMP (if<br />

implemented) would have<br />

cushioned the effect of no<br />

pension increases. There is a<br />

growing sense of<br />

disenchantment among current<br />

pensioners under the new CPS<br />

because of the token monthly<br />

pension benefits they have<br />

been receiving <strong>over</strong> the time<br />

relative to the huge gains (from<br />

investment returns and<br />

dividends) the Pension Fund<br />

Administrator (PFAs) are<br />

currently making. The GMP (if<br />

implemented) would have<br />

eliminated the disenchantment<br />

among current pensioners.<br />

Non-implementation of<br />

GMP in state g<strong>over</strong>nments’<br />

pension laws.<br />

The states G<strong>over</strong>nments in<br />

Nigeria have also enacted<br />

their pension laws (to include<br />

the GMP provisions) in line<br />

with PRA 2014 for the Federal<br />

G<strong>over</strong>nment employees. The<br />

Continues on page 28


FINANCIAL VANGUARD<br />

Vanguard, MONDAY, JUNE 5 , 2017—27<br />

“A leader is best/ when people barely know he exists…” Lao-tsy, 6th Century<br />

AD. (VANGUARD BOOK OF QUOTATIONS, VBQ p 124).<br />

LAO-TSY, one of China’s greatest philosophers and sages lived at a time<br />

and in a country in which even your worst enemy would acknowledge<br />

whatever you do that is right. For that matter, your best friend would tell you to<br />

your face, and not behind you, what you did wrong. None of those two acts of<br />

courage and pursuit of truth<br />

exist in Nigeria today –<br />

especially among the political<br />

class and their camp followers.<br />

That leaves the independent<br />

assessment to those of us who<br />

are non-partisan; who carry no<br />

party card and who are<br />

privileged to write columns and<br />

influence public opinion. In<br />

one week, I found myself<br />

praising the G<strong>over</strong>nor of the<br />

Central Bank of Nigeria for his<br />

<strong>over</strong>all good performance in<br />

the last two years and carpeting<br />

him for forecasting that<br />

recession will end in June. The<br />

latter is not his business; it is<br />

like a player in a game<br />

predicting the outcome of the<br />

game. That is foul play of the<br />

worst kind.<br />

“I hold that man in the right<br />

who is most in league with the<br />

future”, said Henrik Ibsen,<br />

1828-1906, (VBQ p 71), who<br />

was one of the earliest futurists.<br />

Few people in public office, in<br />

Nigeria and elsewhere have a<br />

capacity for thinking of<br />

measures that will actually<br />

result in the transformation of<br />

their societies. Most are like<br />

those working on the Federal<br />

G<strong>over</strong>nment’s “give-away”<br />

programmes. They can only<br />

think of giving away cake they<br />

don’t help to bake.<br />

This series continued last<br />

week with a focus on the<br />

Ministry of Transportation<br />

which is the only Ministry<br />

totally “in league with the<br />

future.” Its cardinal focus is on<br />

the wider expansion of<br />

Nigeria’s railway system which<br />

had been neglected since 1960.<br />

Yet, there is no single one of<br />

the top twenty five largest<br />

economies, even South Africa<br />

which we claim is smaller, but<br />

acknowledge is more<br />

advanced, which does not run<br />

its economy on a robust rail<br />

system. This is not the time and<br />

place to discuss how Nigeria<br />

with the ninth largest<br />

population and eleventh<br />

largest land mass became a<br />

trailer, tanker, and 911 economy<br />

– resulting in tremendous<br />

losses of lives and goods on our<br />

highways and adding<br />

enormous costs to our finished<br />

goods and services. For<br />

instance the chief reason<br />

Nigerian rice or any other<br />

finished products cannot<br />

compete with imported rice is<br />

the transport cost and the<br />

massive losses associated with<br />

transporting rice on Nigeria’s<br />

FINANCIAL VANGUARD<br />

By Providence<br />

Emmanuel<br />

MICROFINANCE Bank<br />

(MfB) operators have<br />

identified some of the<br />

weaknesses in the codes of<br />

corporate g<strong>over</strong>nance for Other<br />

Financial Institutions (OFIs) in<br />

Nigeria, made available,<br />

February 2017, on the Central<br />

Bank of Nigeria’s website.<br />

Recall that to strengthen<br />

g<strong>over</strong>nance practices, ensure<br />

high ethical conduct and provide<br />

minimum acceptable g<strong>over</strong>nance<br />

standards for Other Financial<br />

Institutions in Nigeria, the CBN<br />

developed distinct g<strong>over</strong>nance<br />

codes of corporate g<strong>over</strong>nance for<br />

the primary mortgage<br />

institutions, microfinance banks,<br />

mortgage refinance companies;<br />

development finance institutions,<br />

bureau de change and finance<br />

companies.<br />

It was in the light of this that<br />

the Society for Corporate<br />

G<strong>over</strong>nance (SCGN)<br />

penultimate week, organised a<br />

one day validation workshop for<br />

the review of the report of the<br />

corporate g<strong>over</strong>nance and board<br />

structure survey for MfBs with<br />

the theme: “Survey on Board<br />

Structure and Corporate<br />

State of the Nigerian economy at<br />

half-way mark – 4<br />

G<strong>over</strong>nance for Microfinance<br />

Banks in Nigeria” bringing<br />

together stakeholders in the MfBs<br />

subsector, CBN, among others.<br />

SCGN in partnership with<br />

AFOS Foundation with support<br />

of the Office of the Director of<br />

Other Financial Institution<br />

Supervision Department<br />

(OFISD) of the CBN carried out<br />

a baseline survey on the<br />

g<strong>over</strong>nance structure of<br />

registered microfinance banks in<br />

Nigeria and to better present the<br />

peculiarity of the industry to the<br />

regulator in the midst of the<br />

proposed code of corporate<br />

g<strong>over</strong>nance for other financial<br />

institutions by the CBN.<br />

Issues raised are that the CBN<br />

with the code is adding additional<br />

cost to the sub sector especially<br />

with regards to service of an<br />

independent consultant who<br />

would be charging consultancy<br />

fees. The CBN had in its draft<br />

stated that the code is applicable<br />

to all MfBs in Nigeria and that<br />

external auditors of MfBs shall<br />

report annually to to the CBN,<br />

the extent of the MfBs’<br />

compliance with the provisions<br />

of the code.<br />

Another argument was that the<br />

MfBs are divided into three<br />

categories of national, state and<br />

pot-holes called roads.<br />

One Minister, Mr Rotimi<br />

Amaechi, had taken a good look<br />

at all these and together with<br />

the President had embarked on<br />

ensuring that the railway<br />

system is strengthened during<br />

the first four years and to make<br />

the process of expansion<br />

irreversible by making<br />

arrangements that will make it<br />

almost impossible for<br />

successors to abandon the<br />

projects once they get<br />

underway. By the time he is<br />

through, the sharp reduction in<br />

the number of those behemoths<br />

rambling through our<br />

highways will be reduced. Most<br />

of them will no longer<br />

undertake those long, tiring<br />

and murderous journeys which<br />

tear up our roads, increase the<br />

carnage on the roads and<br />

produce more widows and<br />

orphans than even Boko<br />

Haram and herdsmen put<br />

together. Increase in commuter<br />

and commercial use of railways<br />

will transform lives along all<br />

the areas of Nigeria rail lines<br />

pass through, reduce cost of<br />

living and promote faster<br />

MfB operators identify deficiencies of CBN’s<br />

corporate g<strong>over</strong>nance code<br />

unit MfBs, and as a result of the<br />

structure and capitalisation<br />

capacity of the unit MfBs they<br />

cannot cope with the cost of<br />

servicing an independent<br />

Corporate<br />

g<strong>over</strong>nance in<br />

the MfB sub<br />

sector is non<br />

existent as you<br />

can see from<br />

findings<br />

consultant. Further to this is that<br />

if the CBN wants the MfBs to<br />

operate as MfBs, they must<br />

develop a template and not be<br />

using their template to measure<br />

MfBs board. Contrary opinions<br />

from a participant at the<br />

workshop was that the sub sector<br />

cannot not fit into global best<br />

practices because of costs<br />

involved.<br />

Corporate g<strong>over</strong>annce an<br />

emerging thing for MfBs<br />

In a separate chat with<br />

Financial Vanguard, Company<br />

economic growth.<br />

In a master stroke, the<br />

Ministry signed a concession<br />

agreement with General<br />

Electric, GE, to handle the<br />

Lagos-Ibadan line for a start.<br />

GE is the best of the best<br />

globally when it comes to<br />

building locomotive engines<br />

and it also has an enviable<br />

reputation for running global<br />

standard operations, for<br />

transfer of technology and for<br />

social responsibility. Nigerian<br />

fortunate to be employed by<br />

GE, if they are willing to learn,<br />

will never regret it. In the days<br />

of one of its legendary<br />

Chairmen, Watson, in the<br />

1970s, GE was the one Fortune<br />

500 company where every<br />

American graduate wants to<br />

work and from which people<br />

exited to bigger jobs elsewhere.<br />

To demonstrate their<br />

commitment to Nigeria, GE,<br />

had first of all donated some<br />

coaches to the Nigerian<br />

Railways which should make<br />

more comfortable rides<br />

possible. In addition, the<br />

company is partnering with the<br />

Miller Centre in Santa Clara,<br />

Secretary, Fidson Healthcare Plc,<br />

Mr. Yomi Adebanjo, said:<br />

“Corporate g<strong>over</strong>nance in the<br />

MfB sub sector is non existent<br />

as you could see from findings<br />

but the reason it is not existent<br />

was not far fetched.<br />

Implementing corporate<br />

g<strong>over</strong>nance comes with a cost<br />

and if you look at the nature of<br />

that industry it is more or less<br />

small, their <strong>over</strong> heads are big<br />

enough for them when we factor<br />

in their operational cost of having<br />

to power the office.<br />

“MfBs are in categories, most<br />

of them that have issue of cost<br />

are the smallest category not<br />

everybody. Those that operate<br />

national are like other banks just<br />

that they are microfinance in their<br />

sphere of operation, once all<br />

indices that affect their cost is<br />

addressed then corporate<br />

g<strong>over</strong>nance is a very simple<br />

thing.<br />

“It is an emerging thing they<br />

will grow into it, I see them<br />

catching up quickly with the idea<br />

of board charter being adopted<br />

by them, I think in a matter of<br />

time we will see a difference. The<br />

code is not about CBN, it is an<br />

alignment with global best<br />

practices, when they measure<br />

you else where, they measure you<br />

USA, to combat maternal and<br />

child mortality in sub-Saharan<br />

Africa. Nigeria will be the<br />

major beneficiary of that<br />

partnership.<br />

What is puzzling is why the<br />

Minister of Transportation has<br />

not been receiving the<br />

accolades he deserves for all he<br />

has accomplished in two years.<br />

The only answer to that is that<br />

Mr Amaechi is too selfeffacing.<br />

Like salt in a good pot<br />

of soup, he thinks his work<br />

speaks for him. Nothing can be<br />

further from the truth in<br />

Nigeria’s political and social<br />

environment. Here in Nigeria,<br />

irrespective of what you<br />

achieve, if you don’t blow your<br />

own horn, nobody will blow it<br />

for you. Worse still they could<br />

blow the wrong tune.<br />

Furthermore, political<br />

opponents and rivals for the<br />

President’s attention are<br />

always eager to downplay or<br />

mis-interpret your greatest<br />

achievements.<br />

Of one thing I am certain. In<br />

eight years time, if not sooner,<br />

Amaechi’s work in giving<br />

Nigeria a more robust railway<br />

system will become the best<br />

legacy of the Buhari<br />

administration. In fifty years,<br />

after the other parts of Nigeria<br />

would have been linked, some<br />

people will certainly remember<br />

the quiet man who started it all.<br />

MICRO-FINANCE<br />

according to best practice and<br />

best standard that is<br />

acceptable worldwide. It is for<br />

us to rethink our polity and get<br />

things in order.”<br />

Code unacceptable for unit<br />

MfBs<br />

In his argument, President<br />

National Association of<br />

Microfinance Banks, NAMB,<br />

Mr. Valentine Whensu, said:<br />

“these independent consultants<br />

would now be certified by<br />

CBN for them to come. The<br />

issue of cost is an issue in this<br />

industry. Again we say we<br />

don’t want to water down, we<br />

want to remain standard, it<br />

now becomes a basis of<br />

examination every year.<br />

“How many MfBs in units<br />

are making money to take care<br />

of some of these costs? CBN<br />

standard will currently be<br />

different, we have three<br />

categories of MfBs, even if you<br />

want to put this into the code,<br />

the national who can afford it<br />

based on their capitalisation,<br />

structure and risk level, is not<br />

the same thing as the unit.<br />

“If you set for national as a<br />

code, I dont have a problem<br />

but for the units that are still<br />

struggling, adding additional<br />

cost is a burden because<br />

consultants will start running<br />

everywhere to apply for this<br />

job. We need to work on that,<br />

it should not apply to unit<br />

mfbs.”


28 — Vanguard, MONDAY, JUNE 5 , 2017<br />

(08052201997)<br />

The oppresive contradictions in Nigeria’s economy<br />

THE following is a<br />

summary of a<br />

presentation by this writer to<br />

the House of Representative<br />

Committee on Recession, in<br />

Lagos recently.<br />

“Readily available evidence,<br />

ironically, indicates that the<br />

fundamental cause of our<br />

presently distressed economy<br />

and precariously sliding Naira<br />

exchange rate, is actually that<br />

of too much money supply, in<br />

both Naira and foreign<br />

exchange terms. Evidently,<br />

CBN’s management of the<br />

supply of money is basically<br />

defective, such that the<br />

albatross of inflation has<br />

invariably remained in double<br />

digits for several years, with<br />

serious consequences for<br />

purchasing power of all Naira<br />

incomes, consumer demand,<br />

productivity, investment and<br />

social welfare.<br />

Similarly, with foreign<br />

reserves, we have deliberately<br />

created a market paradigm,<br />

that at best, will ensure that the<br />

Naira rate will remain static,<br />

even if dollar earnings<br />

quadruple, as witnessed in<br />

recent years.<br />

Instructively, with an abiding<br />

tradition of systemic surplus<br />

Naira liquidity, it would be<br />

presumptuous to expect any<br />

succor from the critical<br />

monetary indices, which drive<br />

inclusive growth in every<br />

economy; indeed, persistent<br />

too much Naira supply has<br />

ceaselessly continued to fuel<br />

inflation. However, since it is<br />

not realistic for cost of<br />

borrowing to be lower than the<br />

inflation rate, it becomes clear<br />

that double digit inflation rates<br />

will inevitably predicate cost of<br />

funds above 10% to make<br />

Nigeria’s industrial production<br />

less competitive; thus,<br />

successful import substitution<br />

will remain a mirage;<br />

consequently, Nigeria’s<br />

economy will remain a<br />

dumping ground for imports,<br />

if the problem of persistent<br />

excess Naira liquidity remains<br />

unresolved.<br />

Similarly, an inflation rate that<br />

remains closer to 20% will<br />

invariably make every static<br />

income earner to lose 100% of<br />

the value of their income every<br />

5 years. Inflation is an economic<br />

ravager, and Nigeria’s<br />

economy will never truly<br />

flourish, until the Monetary<br />

authorities eliminate or<br />

drastically reduce the dismal<br />

presence of excess money<br />

supply, which invariably fuels<br />

inflation, which in turn, propels<br />

higher cost of funds, and drives<br />

weaker exchange rates, which<br />

propel higher fuel prices, to<br />

make deregulation of the fuel<br />

supply business unpopular.<br />

It would be impossible for<br />

CBN to deny the horrid<br />

challenge caused by excess<br />

liquidity when it is decidedly<br />

on track to mop up <strong>over</strong> N7Tn<br />

of excess funds from the money<br />

market this year; this would<br />

translate to an average interest<br />

income of <strong>over</strong> N700bn<br />

primarily for banks. Curiously,<br />

the ‘celebrated’ 2017 budget<br />

expenditure is also about<br />

N7Tn!!<br />

Obviously, if CBN and the<br />

public sector readily pay upto<br />

17% to borrow and sterilize<br />

burdensome excess funds,<br />

banks would be unlikely to<br />

show enthusiasm for lending to<br />

the real sector, particularly, with<br />

the attendant challenges of<br />

power, multiple taxation and<br />

high interest rates which will,<br />

inevitably, increasingly induce<br />

non performing loans.<br />

Nevertheless, Nigeria’s<br />

monetary authorities have<br />

brazenly carried on for decades<br />

with a self assurance that<br />

Nigerians will never<br />

interrogate the true cause of the<br />

disenabling spectre of excess<br />

Naira liquidity that spurs the<br />

three evils of rising inflation,<br />

rising cost of fund and a weak<br />

Naira exchange rate,<br />

simultaneously with CBN’s<br />

consolidation of increasing<br />

foreign reserves.<br />

However, it is also undeniable<br />

that although substitution of<br />

freshly minted Naira values for<br />

market that is undeniably<br />

suffocated with excess Naira<br />

supply. CBN’s interventions,<br />

in the forex market, is infact a<br />

suicidal approach to slowly<br />

killing the Naira, as it<br />

invariably sells its dollar stock<br />

for higher Naira bids.<br />

Nonetheless, despite <strong>over</strong> 15<br />

years of this writer’s advocacy<br />

on this clearly deliberate<br />

enemy action, it is still business<br />

as usual, as the banks flourish,<br />

while the rest of the economy<br />

wrestle with deepening<br />

p<strong>over</strong>ty.<br />

It is evident, however, that if<br />

dollar certificates are adopted<br />

for paying allocations of dollar<br />

denominated revenue, the<br />

persistent debilitating burden<br />

of systemic excess Naira<br />

liquidity will vaporise, and<br />

CBN’s Cash Reserve Ratio can<br />

then be modulated nearer an<br />

equilibrium rate, where CBN<br />

has no need to restrain inflation<br />

by enticing banks with high<br />

interest rates to mop up and<br />

sterilize systemic excess Naira<br />

liquidity.<br />

Such a payments reform will<br />

set in motion a new market<br />

paradigm that would reduce<br />

the volatile spectre of excess<br />

Naira and rising inflation;<br />

consequently, the resultant<br />

lower inflation rates will induce<br />

lower cost of borrowing, and<br />

the Naira would have a better<br />

fighting chance in the market,<br />

if CBN’s dollar auctions cease,<br />

while the market becomes free<br />

of CBN’s stranglehold<br />

monopoly, with all the inherent<br />

distortions to efficient resource<br />

allocation.<br />

Nigerians may continue to<br />

remain in denial of this reality<br />

to their eternal peril. Indeed,<br />

Naira rate will never<br />

significantly improve, even if<br />

income from crude oil<br />

quadruples. For example, it is<br />

a contradiction that Naira<br />

steadied around N80=$1<br />

despite a paltry $4bn reserves<br />

between 1995-98 but<br />

inexplicably fell below<br />

N150=$1 even when CBN<br />

reserves expanded beyond<br />

$60bn between 2006-7!<br />

Presently, with $30bn<br />

reserves, the Naira ironically,<br />

exchanges for between N305-<br />

<strong>400</strong>=$1, even when crude oil<br />

price has risen beyond $38 to<br />

$50+/barrel, and our Naira rate<br />

clearly remains under siege.<br />

The authorities recognize this<br />

truth, but it is clear that they<br />

certainly hope that Nigerians<br />

will look elsewhere for an<br />

appropriate solution, while they<br />

and their collaborators continue<br />

to lap up the benefits from this<br />

excess liquidity charade!<br />

Conversely, if dollar<br />

allocations are paid with dollar<br />

certificates, the dollars will<br />

remain domiciled in CBN, even<br />

after the banks have purchased<br />

the certificates from<br />

constitutional beneficiaries, in a<br />

free market, outside the present<br />

monopolistic framework.<br />

The banks would<br />

subsequently sell their dollar<br />

purchases to local customers in<br />

an open market to pay for only<br />

approved and attested import<br />

bills. The commercial banks<br />

would ultimately instruct the<br />

CBN to pay such <strong>over</strong>seas<br />

supplies from the forex balance<br />

in the respective bank’s account<br />

with CBN to ensure<br />

transparency.<br />

This arrangement will<br />

minimize round tripping,<br />

currency hoarding, and the faux<br />

pas of funding bureau de<br />

change with official dollars etc.<br />

The list of positives to the<br />

economy is endless, but the<br />

pains to the oppressors who<br />

have been making stupendous<br />

gains from the current<br />

arrangement, will become<br />

sweet relief for millions of other<br />

Nigerians.<br />

Truth they say is more<br />

chrome! It is time to free our<br />

economy from the clutches of<br />

these financial sharks.”<br />

SAVE THE NAIRA!! SAVE<br />

NIGERIANS!!!<br />

FINANCIAL VANGUARD<br />

MICRO-FINANCE<br />

Failure to implement GMP undermines Pension Reform Act<br />

Continued from page 26<br />

non-implementation of GMP by<br />

PenCom has also led to the<br />

State G<strong>over</strong>nments to ignore<br />

the existence of GMP provision<br />

when implementing their<br />

Pension Laws. For example,<br />

State G<strong>over</strong>nments such as<br />

Lagos State which can afford<br />

to implement a GMP for its<br />

retirees are not making any<br />

effort to introduce the GMP.<br />

The delay in implementation<br />

of GMP by PENCOM has<br />

defeated the original aim of the<br />

GMP provision in PRA 2004 as<br />

amended under PRA 2014,<br />

particularly during this period<br />

of economic recession when the<br />

pensioners’ incomes have been<br />

eroded by inflation and thus<br />

they are living in p<strong>over</strong>ty in<br />

retirement.<br />

Resultant effect on GMP<br />

The resultant effect of nonimplementation<br />

of GMP is the<br />

increase in likelihood of more<br />

pensioners dying in Nigeria<br />

than expected as a result of<br />

significant reduction in future<br />

pension income to live on.<br />

In addition, the delay in the<br />

implementation of GMP has<br />

If CBN and the<br />

public sector<br />

readily pay up<br />

to 17 per cent to<br />

borrow and<br />

sterilize<br />

burdensome<br />

excess funds,<br />

banks would be<br />

unlikely to<br />

show<br />

enthusiasm for<br />

lending to the<br />

real sector<br />

distributable dollar revenue<br />

invariably pumps up CBN’s<br />

forex reserves, it has also<br />

served as a primary feedstock<br />

for the burden of systemic<br />

surplus Naira. Evidently,<br />

commercial banks, particularly<br />

will earn <strong>over</strong> N700bn as<br />

interest charges for lending to<br />

the CBN, and other<br />

g<strong>over</strong>nment agencies; sadly,<br />

the social impact of such public<br />

loans has remained minimal.<br />

It is clearly a contradiction for<br />

the monetary authorities to<br />

expect a stronger Naira<br />

exchange rate, when the<br />

constitutional custodian of the<br />

Naira, i.e. the CBN, persists in<br />

AUCTIONING rations of $<br />

against the Naira, in a money<br />

created room for a call by a<br />

section of the Senate for<br />

amendments of section 7(1) of<br />

PRA 2014 to allow for a lump<br />

sum withdraw of up to 75% as<br />

against 25% upon retirement as<br />

a result of the economic<br />

hardship current pensioners<br />

are experiencing.<br />

If the proposition is allowed<br />

and passed, it implies that<br />

more pensioners will qualify for<br />

the GMP with the resultant<br />

additional strain on the PPF.<br />

Also, there is high tendency for<br />

the remaining 25% of RSA<br />

balance to provide a relatively<br />

meagre pension benefits.<br />

Thus, this would further<br />

deteriorate the future welfare<br />

or standard of living of<br />

pensioners, leading to more<br />

deaths in retirement than<br />

expected.<br />

However, the 25% lump sum<br />

payout of the RSA balance is,<br />

in practice, the ideal payout<br />

proportion not only in a DB<br />

scheme but also in a DC<br />

scheme. Hence, the<br />

proposition of 75 per cent lump<br />

sum payout will more or less<br />

make the CPS a gratuity<br />

scheme rather than a pension<br />

scheme.<br />

Above all, the failure of<br />

previous PenCom Board(s) to<br />

implement the GMP has given<br />

the newly constituted Board an<br />

immediate challenge and/or<br />

priority to implement the GMP<br />

if it is to be seen as providing<br />

for pensioners’ welfare.<br />

There is no better time than<br />

now to implement the GMP as<br />

the current pensioners are in<br />

dire need to have a sustainable<br />

standard of living in retirement<br />

in this period of serious<br />

economic hardship facing the<br />

country.


VANGUARD, MONDAY, JUNE 5, 2017 —29<br />

Attack in pictures<br />

LONDON ATTACK:<br />

12 arrested, 7 dead,<br />

48 injured<br />

•Police fired 50 shots to kill 3 attackers<br />

•General election to still hold on Thursday<br />

TWELVE people<br />

have been<br />

arrested after the<br />

London terror attack<br />

which left seven people<br />

dead and 48 injured.<br />

The arrests in Barking,<br />

east London, followed a<br />

raid at a flat belonging<br />

to one of the three<br />

attackers.<br />

A van hit pedestrians<br />

on London Bridge at<br />

21:58 BST on Saturday.<br />

Three men then got out<br />

and stabbed people in<br />

nearby Borough<br />

Market.<br />

The attackers were shot<br />

dead by eight officers<br />

who fired 50 bullets. A<br />

member of the public<br />

was accidentally shot.<br />

They remain in<br />

hospital in a non-critical<br />

condition, Assistant<br />

Commissioner Mark<br />

Rowley said.<br />

Condemning the<br />

attack, Theresa May<br />

said it was “time to say<br />

enough is enough”.<br />

Twenty-one people<br />

injured in the attack are<br />

in a critical condition,<br />

NHS England has said.<br />

Controlled explosions<br />

were carried out at the<br />

flat in Barking during<br />

the raids on Sunday<br />

morning.<br />

According to<br />

neighbours, the dead<br />

attacker lived there for<br />

about three years and<br />

was married with two<br />

children. It is the third<br />

terror attack in the UK in<br />

three months, following<br />

the car and knife attack<br />

in Westminster in<br />

March, in which five<br />

people were killed, and<br />

the Manchester<br />

bombing less than two<br />

weeks ago, in which 22<br />

people were killed.<br />

Most political parties<br />

have suspended<br />

national general<br />

election campaigning,<br />

but the prime minister<br />

said full campaigning<br />

would resume on<br />

Monday.<br />

The general election<br />

will go ahead as<br />

planned on Thursday.<br />

Twelve people have<br />

been arrested after the<br />

London terror attack<br />

which left seven people<br />

dead and 48 injured.<br />

The arrests in<br />

Barking, east London,<br />

followed a raid at a flat<br />

belonging to one of the<br />

three attackers. A van<br />

hit pedestrians on<br />

London Bridge at 21:58<br />

BST on Saturday.<br />

Three men then got out<br />

and stabbed people in<br />

nearby Borough<br />

Market.<br />

The attackers were<br />

shot dead by eight<br />

officers who fired 50<br />

bullets. A member of<br />

the public was<br />

accidentally shot.<br />

They remain in<br />

hospital in a non-critical<br />

condition, Assistant<br />

Commissioner Mark<br />

Rowley said.<br />

Condemning the<br />

attack, Theresa May<br />

said it was “time to say<br />

enough is enough”.<br />

Twenty-one people<br />

injured in the attack are<br />

in a critical condition,<br />

NHS England has said.<br />

Controlled explosions<br />

were carried out at the<br />

flat in Barking during<br />

the raids on Sunday<br />

morning. According to<br />

neighbours, the dead<br />

attacker lived there for<br />

about three years and<br />

was married with two<br />

children.<br />

It is the third terror<br />

attack in the UK in three<br />

months, following the<br />

car and knife attack in<br />

Westminster in March,<br />

in which five people<br />

were killed, and the<br />

Manchester bombing<br />

less than two weeks<br />

ago, in which 22 people<br />

were killed.<br />

Internet must be regulated to prevent terrorism—PM<br />

PRIME<br />

Minister<br />

Theresa May has<br />

called for closer regulation<br />

of the internet following a<br />

deadly terror attack in<br />

London. At least seven<br />

people were killed in a<br />

short but violent assault<br />

that unfolded late<br />

Saturday night in the<br />

heart of the capital, the<br />

third such attack to hit<br />

Britain this year.<br />

May said on Sunday that<br />

a new approach to<br />

tackling extremism is<br />

required, including<br />

changes that would deny<br />

terrorists and extremist<br />

sympathizers digital tools<br />

used to communicate and<br />

plan attacks.<br />

“We cannot allow this<br />

ideology the safe space it<br />

needs to breed,” May<br />

said. “Yet that is precisely<br />

what the internet and the<br />

big companies that provide<br />

internet-based services<br />

provide.”<br />

“We need to work with<br />

allied democratic<br />

g<strong>over</strong>nments to reach<br />

international agreements<br />

that regulate cyberspace to<br />

prevent the spread of<br />

extremist and terrorism<br />

planning,” she continued.<br />

“We need to do everything<br />

we can at home to reduce<br />

the risks of extremism<br />

online.” May’s call for new<br />

internet regulations was<br />

part of a larger strategy<br />

to combat terror,<br />

including what she<br />

described as “far too<br />

much tolerance of<br />

extremism in our country.”<br />

It was not immediately<br />

clear how May would<br />

crack down on social<br />

media and internet firms,<br />

but she has long been an<br />

advocate of increased<br />

g<strong>over</strong>nment surveillance<br />

powers.<br />

Trump criticised for tweet about attack<br />

US President Donald<br />

Trump appeared to<br />

misconstrue a statement<br />

while launching an attack<br />

on Twitter of London<br />

Mayor Sadiq Khan in the<br />

wake of the terror attacks<br />

which killed at least<br />

seven people.<br />

Trump, writing on<br />

Twitter Sunday, said: “At<br />

least 7 dead and 48<br />

wounded in terror attack<br />

and Mayor of London<br />

says there is “no reason<br />

to be alarmed!”<br />

But when Khan said in<br />

a statement that there<br />

was no cause for alarm,<br />

he was referring<br />

specifically to a visible<br />

increase in police<br />

activity on the streets of<br />

London in the wake of<br />

the attack.<br />

“Londoners will see an<br />

increased police presence<br />

today and <strong>over</strong> the course<br />

of the next few days.<br />

There’s no reason to be<br />

alarmed,” he said.<br />

Khan told CNN’s<br />

Christiane Amanpour that<br />

the attack was “evil and<br />

cowardly” while also<br />

emphasizing that more<br />

police would be on the<br />

streets of London in the<br />

coming days.


30-- Vanguard, MONDAY, JUNE 5, 2017<br />

Isaac Boro: A man meets a<br />

Nation<br />

ISAAC Jasper Adaka Boro was<br />

thirty when he was shot dead<br />

in contr<strong>over</strong>sial circumstances 49<br />

years ago. Yet, he continues to<br />

inspire youths in the Niger Delta<br />

who were not born when his<br />

restless soul was laid to rest. He<br />

became a romantic figure frozen<br />

in youth and time; inspiring<br />

generations to fight for peoples’<br />

rights. In this wise, he was like the<br />

romantic Ernesto Che Guevara<br />

and the inspiring Bob Marley, both<br />

of whom died at 36, and the fiery<br />

internationalist, Franz Fanon who<br />

died at 39. All four, captured in<br />

the youth of time.<br />

Boro Day, May 16, the<br />

anniversary of his death is<br />

commemorated annually in<br />

Kaima and as a public holiday in<br />

Bayelsa State. I was part of the<br />

commemoration this year. As I sat<br />

behind Captain Samuel Owonaru<br />

who was Boro’s deputy in the<br />

insurgent Niger Delta Volunteer<br />

Service, I wondered what inspired<br />

youths like him and Nothingham<br />

Dick, fifty one years ago, to pick<br />

up the gun and declare secession<br />

in the name of “the Niger Delta<br />

Peoples Republic”. Perhaps, the<br />

answer is in Boroh’s explanation<br />

to his father, Mr.Jasper Pepple<br />

Boro. On February 22, 1966, father<br />

and son met at home in Kaiama.<br />

Untapped treasure of the treasure base of Nigeria<br />

By Prince Kabari<br />

RIVERS State, the treasure base of the<br />

nation, is celebrated its Golden<br />

Jubilee at a time when G<strong>over</strong>nor Nyesom<br />

Wike is turning the State into projects site of<br />

some sort in unmistakable demonstration<br />

that even now is no time to think of what<br />

you do not have but to think of what you can<br />

do with what there is. The plethora of<br />

quintessential projects including<br />

construction of Jetties, roads, bridges,<br />

edifices, parks and gardens, amongst others,<br />

which take in hand infrastructure gaps to<br />

accelerate economic growth, has no doubt<br />

earned him the people’s title “Mr. Projects.”<br />

There is no gainsaying that such imposing<br />

feat is indeed brave and adventurous<br />

especially against the backdrop of<br />

continuing dwindling Federal Accounts<br />

Allocation to the State. More so is the fact<br />

that the immediate past G<strong>over</strong>nor of the<br />

State, Mr. Chibuike Amaechi, had tactlessly<br />

disclosed at a thanksgiving service held by<br />

the Greater Together Campaign<br />

Organisation in Port Harcourt on Sunday,<br />

May 17, 2015 that Rivers State was broke.<br />

He said: “In Rivers State, no money. I think<br />

Wike is coming, we are waiting. He will look<br />

for money for salary; there is none... So he<br />

will have to manage. But when he pays out<br />

salary, we will see if any of them can do<br />

what we did in this State; whether they can<br />

build the schools, the roads, even to get a<br />

loan.”<br />

In spite of the prognostication that the ‘oil<br />

rich state’ moniker used for oil producing<br />

states including Rivers was virtually no<br />

longer spot-on the current administration<br />

of the NEW Rivers State seems to be<br />

The latter offered his son<br />

sponsorship abroad to further his<br />

education rather than take up<br />

arms against the g<strong>over</strong>nment. He<br />

feared that the action will ruin the<br />

family.<br />

Boro rejected his father’s offer.<br />

He explained why: “ The Ijaws<br />

were going into perpetual<br />

bondage; if we did not strike now,<br />

not only our families but also the<br />

entire Ijaws would be infernally<br />

chained.” The next day, he made<br />

a prophetic address to the rebels<br />

before they struck: “ Today is a<br />

great day, not only in your lives,<br />

but also in the history of the Niger<br />

Delta. Perhaps, it will be the<br />

greatest day for a very long time.<br />

This is not because we are going<br />

to bring the heavens down, but<br />

because we are going to<br />

demonstrate to the world what<br />

and how we feel about oppression.<br />

Before today, we were branded<br />

robbers, bandits, terrorists or<br />

gangsters, but after today, we shall<br />

be heroes of our land”. Indeed,<br />

although the revolt was crushed by<br />

the Nigerian military in twelve<br />

days and the leaders including<br />

Boro were sentenced to death -<br />

before being pardoned by another<br />

g<strong>over</strong>nment - they became heroes<br />

with Boro passing into Ijaw<br />

folklore.<br />

directing scarce public resources to critical<br />

growth sectors of the economy that would<br />

ultimately improve the wellbeing of the<br />

people.<br />

The Port Harcourt Pleasure Park at the<br />

heart of the State Capital which has just been<br />

commissioned would not only serve the<br />

needs of day trippers and generate revenue<br />

that is much-needed but also heighten the<br />

grandeur of the city as well. A notable<br />

Successive g<strong>over</strong>nments of<br />

the State had been<br />

incredibly far away from<br />

harnessing the natural<br />

endowments and rich<br />

tourism potentials that<br />

abound in the environment<br />

in relation to its name<br />

attraction at the Park is the lake that is<br />

constructed apparently to bring to light the<br />

cozy atmosphere around the watersides<br />

which is in fact a major signature of Rivers<br />

State.<br />

Indeed, we can find many natural habitats<br />

in the hinterlands and developing those<br />

areas would have better served the interest<br />

of the State rather than the wacky white<br />

elephant scheme conceived by the erstwhile<br />

administration in the name of Port Harcourt<br />

Monorail Project that was to cost the State<br />

well <strong>over</strong> Seventy Billion Naira; a very<br />

conservative cost of seven fly<strong>over</strong>s according<br />

to experts. It is our choices far more than<br />

our abilities that show what we truly are.<br />

The lakeside outlook at the Park is<br />

At the Boro Day, the Chairperson,<br />

Professor Ongoebi Maurene<br />

Otebu, the pioneer Vice<br />

Chancellor of the Nigeria<br />

Maritime University told the<br />

gathering: “Whatever I have<br />

become, as the first female<br />

Professor of Mechanical<br />

Engineering, is attributable to the<br />

three men; Major Boro, Captain<br />

Owonaro and Nothingham Dick.<br />

Their struggles opened up<br />

education for us. They sacrificed<br />

for us. But for them, my likes would<br />

Boro chose a<br />

different course,<br />

navigating into<br />

the creeks of the<br />

Niger Delta with<br />

its dense forests<br />

where he began<br />

what seemed an<br />

unwinnable<br />

armed struggle<br />

not have gone to high school.”<br />

The first Military G<strong>over</strong>nor of<br />

the old Rivers State, HRM Alfred<br />

Diete-Spiff, the Amayanabo of<br />

Twon-Brass said anything that can<br />

be done to immortalise Boro<br />

should be done; “ I remember the<br />

Navy was deployed to Bori as part<br />

of the deployment to stop Isaac.<br />

He did not want bloodshed. All he<br />

did and fought for was justice;<br />

from his struggle, Rivers State was<br />

created, Bayelsa State was<br />

created. We hope and pray that one<br />

day we will hear that Oloibiri<br />

(where oil was first disc<strong>over</strong>ed)<br />

which has been discarded and is<br />

today, desolate, will become a<br />

state; Oloibiri State.”<br />

The Special Adviser to the<br />

President on Niger Delta and<br />

Coordinator of the Presidential<br />

Amnesty Programme, Brigadier<br />

General Paul Boroh (Rtd)<br />

reiterated his message: “Isaac<br />

Boroh was unique; when it was<br />

time for agitation, he agitated,<br />

when it was the season for protests,<br />

he led it, and when he thought the<br />

times called for armed struggle, he<br />

established the Ijaw Volunteer<br />

Service to prosecute it. However<br />

when it was time to lay down his<br />

arms, he did, was tried and got<br />

amnesty. For him, the amnesty was<br />

a bond to maintain peace, and he<br />

never again picked up the gun to<br />

fight his country… Boro fought for<br />

the unity, indivisibility and<br />

progress of our country. Let us<br />

continue in this path.”<br />

The Bayelsa State G<strong>over</strong>nment,<br />

represented by the Commissioner<br />

for Culture and Ijaw National<br />

Affairs, Mr. Austin Dressman<br />

stressed the need to educate the<br />

youths on the origin of the<br />

struggles in the Niger Delta<br />

adding: “The future does not<br />

belong to the faint hearted; it<br />

belongs to the courageous.”<br />

Captain Owonaru who was<br />

given an award for his invaluable<br />

contributions to the Niger Delta<br />

struggles, dedicated it: “To the ongoing<br />

struggles of the Izon (Ijaw)<br />

man and to the struggles of the<br />

people of the Niger Delta in their<br />

efforts for self- actualization”<br />

Isaac Boro at 20 had been a<br />

Deputy Headmaster of a 600-pupil<br />

primary school and a police<br />

officer. He was President of the<br />

University of Nigeria, Nsukka<br />

Students Union and a graduate at<br />

a time there were very few<br />

graduates in the country. He had<br />

before him, an assured life of<br />

privilege and affluence; and that<br />

life spread before him, like a<br />

canvas in the sky. But Boro chose<br />

a different course, navigating into<br />

the creeks of the Niger Delta with<br />

undeniably, in my view, an inspiration to<br />

explore the tourism potentials of the State.<br />

Inspiration gives a desire and decision<br />

makes it an intention but action makes it<br />

real. People and G<strong>over</strong>nment need<br />

encouragement to take action and that’s<br />

what this expose seeks more than anything<br />

else. It is instructive to note that Rivers State<br />

is tomorrow, or some future day, what we<br />

establish today. We are today what we<br />

established yesterday or some previous day.<br />

Fifty years ago, several indigenous ethnic<br />

groups (including Ogoni, Ikwerre, Abua,<br />

Ekpeye, Ibani, Opobo, Okrika, Kalabari,<br />

Etche, Ogba, Engenni, Obolo and others)<br />

who had been merged with the chartered<br />

territories of the Royal Niger Company to<br />

form the colony of Southern Nigeria were<br />

carved into an autonomous region known<br />

as Rivers State, with the split of the Eastern<br />

Region of a loosed union called Nigeria; an<br />

experiment that is still struggling to work.<br />

Until 1996 the State which currently is made<br />

up of 23 local g<strong>over</strong>nment areas and located<br />

in the south-south geopolitical zone of the<br />

Federation c<strong>over</strong>ed the area now known as<br />

Bayelsa State.<br />

Rivers State with its capital in the Garden<br />

City of Port Harcourt c<strong>over</strong>s a total of<br />

11,077km land area and has an estimated<br />

population of about 5 million people who<br />

have a rich and unique cultural heritage and<br />

usually known to be friendly and hospitable.<br />

The state is very well known for its vast<br />

reserves of crude oil and natural gas. It was<br />

perhaps the richest and most important<br />

section of the African zone of the British<br />

Empire at the time. Rivers State, the treasure<br />

base of the nation, has two major oil<br />

refineries, two major seaports, airports, and<br />

various industrial estates spread across the<br />

Send Opinions & Letters to:<br />

opinions1234@yahoo.com<br />

its dense forests where he began<br />

what seemed an unwinnable<br />

armed struggle. He had been<br />

influenced by the Cuban<br />

revolution of 1959 and had told<br />

the rebel army to adopt its<br />

principles: “Fidel Castro’s<br />

popularity with the peasant<br />

population in Cuba was his<br />

sincerity of purpose and his selfrestraint<br />

in dealing with the<br />

peasants. Therefore anybody<br />

within the Service violating this<br />

principle faced immediate court<br />

marshal”.<br />

He had been born in Oloibiri<br />

where in 1956, oil had been<br />

disc<strong>over</strong>ed in commercial<br />

quantities and which like the rest<br />

of the Niger Delta was neglected.<br />

He complained that the three<br />

majority ethnic groups in the<br />

country were oppressing the<br />

minorities.<br />

Also, as a Chemistry graduate,<br />

he must have fully understood the<br />

benefits of crude oil mining in the<br />

Region, its environmental<br />

implications, how the people were<br />

been short-changed because of<br />

their ignorance and the collusion<br />

between the oil companies and the<br />

authorities.<br />

Even his efforts to explain the<br />

situation to the Niger Delta people<br />

might not have been accepted<br />

whole heartedly because of lack<br />

of consciousness. Also, they might<br />

not have understood his resort to<br />

armed struggle. These might<br />

explain the lack of wide support<br />

for the revolt. But three decades<br />

later, when youths, inspired by his<br />

example picked up the gun, they<br />

had massive support amongst the<br />

Ijaws.<br />

Boro fought Nigeria as a rebel,<br />

then fought for the unity of the<br />

country; dying in the uniform of<br />

the Nigerian Army as a Major. It<br />

was a case of a man meeting a<br />

nation and sacrificing his life for<br />

its future.<br />

land. More than 40% of the country’s output<br />

of crude oil is produced in the state.<br />

Also, prior to the disc<strong>over</strong>y of oil in<br />

commercial quantity in 1958, Agriculture<br />

was the primary occupation of the people of<br />

Rivers State. Around 19th century when the<br />

industrial revolution reached its crowning<br />

in England, the area was then referred to as<br />

Oil Rivers Protectorate due to its abundant<br />

palm oil and kernel which basically<br />

constituted the main revenue source of the<br />

country. However, suffice it to say that in<br />

addition to the abundance of oil and gas<br />

reserves and agriculture, the indigenous<br />

peoples of Rivers State are surrounded with<br />

rivers and live within the rainforest which<br />

offers fascinating sights to behold.<br />

Interestingly, the name, Rivers State, as<br />

we are told, derives from the many rivers<br />

that border its territory, and understandably<br />

so, including the Atlantic Ocean on the south<br />

and Imo River on the north. Others include<br />

Santa Barbara River, Bonny River, Ogoni-<br />

Andoni River, New Calabar River, Nun River,<br />

River Orashi, San Bartholomeo River,<br />

Sombreiro River, and St. Nicholas River<br />

amongst others. The inland part of Rivers<br />

State consists of tropical rainforest with huge<br />

tourism potential and towards the coast the<br />

typical river delta environment features<br />

many mangrove swamps.<br />

Unfortunately, however, successive<br />

g<strong>over</strong>nments of the State had been incredibly<br />

far away from harnessing the natural<br />

endowments and rich tourism potentials that<br />

abound in the environment in relation to its<br />

name. Instead, development in Rivers State<br />

has unduly been moving northwards<br />

particularly within the capital city where<br />

there are evidently limited natural<br />

attractions, if any at all.<br />

Mr. Kabari, a public affairs analyst,<br />

wrote from Port Harcourt, Rivers State.<br />

C<br />

M<br />

Y


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40 -- VANGUARD, MONDAY, JUNE 5, 2017<br />

My book examines older women’s erotic yearnings<br />

– Sarah Manyika<br />

INTERVIEW<br />

By Prisca Sam-Duru<br />

Sarah Manyika’s Novella,<br />

Like a Mule Bringing Ice<br />

Cream to the Sun since<br />

publication, has continued to<br />

elicit comments from readers<br />

across the globe due to its<br />

rare subject of aging,<br />

especially as it concerns<br />

sexual yearnings of older<br />

women.<br />

The poetically-tinged<br />

second novel, Like a Mule<br />

Bringing Ice Cream to the<br />

Sun, featured in The New<br />

Yorker‘s “Briefly Noted”<br />

section, preceding a review of<br />

the novel. Published in 2016<br />

by Cassava Republic Press,<br />

the novel which highlights the<br />

fact that age is not a barrier to<br />

enjoying life, became the first<br />

by an African to be shortlisted<br />

for the Goldsmiths Prize.<br />

The protagonist, Dr. Morayo<br />

Da Silva, born in Jos,<br />

Nigeria, and now lives alone<br />

in San Francisco, is close to<br />

her 75th birthday. Funnil<br />

enough, the elderly Nigerian<br />

woman who is determined to<br />

keep up with her youthful<br />

energy, plans marking her<br />

seventy-fifth birthday by<br />

getting a tattoo. The retired<br />

professor’s ebullient lifestyle<br />

is however, truncated by a fall<br />

which sends her to the Good<br />

Life Rehabilitation Center for<br />

a brief period.<br />

On this humorous, subtle<br />

The 2016 edition of the<br />

Etisalat Prize for<br />

Literature will remain unique in<br />

the history of the prize.<br />

For the first time, a Nigerian writer,<br />

Jowhor Ile, clinched the prestigious prize<br />

instituted for first-time fiction authors<br />

across Africa.<br />

This year’s prize is also unique in the<br />

sense that prior to announcement of the<br />

winner on 20th May, 2017 in Lagos, the<br />

final battle lines were drawn between the<br />

two Nigerians and the South African.<br />

It will also be remembered as the<br />

edition in which all the works of the<br />

finalists – And After Many Days, Mr. And<br />

Mrs. Doctor and The Seed Thief – had<br />

strange titles but rich contents.<br />

The race which began in June 2016 with<br />

call for entries by the sole sponsor of the<br />

Prize, Etisalat Nigeria, finally came to<br />

an end with Ile’s entry adjudged the best.<br />

Two days before the final, a book reading<br />

event was held at Four Points by Sheraton,<br />

Lagos, in honour of the finalists. At the<br />

end of that good time with the finalists,<br />

the US-based Nigerian professor of<br />

English, Julie Iromuanya, was tipped to<br />

win.<br />

Jowhor Ile received a cash award of<br />

£15,000 and an engraved Montblanc<br />

Meisterstück pen. Attached to the prize<br />

money is an Etisalat-sponsored<br />

•Dr. Sarah Manyinka<br />

but mesmerising thoughts<br />

about aging, friendship, race<br />

and loss Manyika explained<br />

that, Like a Mule Bringing<br />

Ice Cream to the Sun<br />

examines how black<br />

•<br />

characters living in whitedominated<br />

areas in America<br />

shape the way they age. It<br />

x-rays questions about socioeconomic<br />

issues and not just<br />

about the complexities of race.<br />

fellowship at the University of East Anglia where<br />

Professor Giles Foden, author of The Last King of<br />

Scotland, will mentor the winner.<br />

Born in 1980 in Port Harcourt, Ile took to writing<br />

early and has had his short stories published in<br />

McSweeney’s Quarterly and Litro Magazine.<br />

Ile, who disclosed that his interest was in people<br />

and families, says that inspirations for his stories<br />

come from little things. Little wonder his winning<br />

entry, a 256-page novel, And After Many Days,<br />

which was set in Port Harcourt in the oil-rich Niger-<br />

Delta region of Nigeria, revolves around the family.<br />

The book tells the story of a<br />

75-year old woman living in<br />

America. She lived a fanciful<br />

lifestyle as a diplomat but now<br />

lives a lonely life in her old<br />

age.<br />

“I’m very much interested<br />

in identity, the way we see<br />

ourselves and the way<br />

others see us. I’m interested<br />

in looking deep into our<br />

humanity, what makes us<br />

different,” said the author.<br />

In response to what<br />

informed her to delve into<br />

such subject, given that she<br />

is a young woman, she said<br />

that “works that reflect on the<br />

need for greater tolerance and<br />

understanding in this<br />

fractured world of ours,<br />

should be encouraged. Also,<br />

when I’m writing, I’m drawn<br />

to stories I want to read about<br />

but can’t find. So I wanted to<br />

read stories about older<br />

women. That’s why I wrote<br />

the book. I’m interested in<br />

building characters that are<br />

invisible, old and poor people<br />

who do not always have<br />

voices and at the end, they<br />

revolt. The story is uplifting<br />

as it explores a rare subject<br />

which is how we age and how<br />

we age in our culture as well<br />

as issues relating to dementia.<br />

I’ve seen friends who’ve<br />

gone into dementia and it<br />

feels bad. So, I attempted to<br />

address our relationship with<br />

them or how we treat them at<br />

least.<br />

Like a Mule Bringing Ice<br />

How Jowhor Ile won the Etisalat literature prize<br />

By Prisca Sam-Duru<br />

Jowhor Ile<br />

The award-winning book<br />

narrates the story of a family<br />

whose 17-year old son and<br />

sibling, Paul Utu, got missing<br />

during the rainy season of<br />

1995.<br />

Burdened with the loss, the<br />

family was torn apart, their<br />

search for answers unc<strong>over</strong>ing<br />

several family secrets.<br />

“While writing, I wanted to<br />

celebrate Port Harcourt,<br />

knowing things have<br />

changed...Port-Harcourt used<br />

to be really beautiful but<br />

things are no longer the<br />

same,” the author said.<br />

Ile’s announcement followed<br />

the unanimous selection of his<br />

book by a panel of judges<br />

chaired by multiple awardwinning<br />

novelist, poet and<br />

former Arts Editor of<br />

Vanguard, Helon Habila.<br />

Speaking at the Prize<br />

presentation, the Chief<br />

Executive Officer, Etisalat<br />

Nigeria, Matthew Willsher,<br />

congratulated the winners<br />

and restated the company’s<br />

commitment to offer<br />

Nigerians and other Africans<br />

the best platform to express<br />

their passion and creativity.<br />

Cream to the Sun, Manyika<br />

hinted, also examines the<br />

issue of race. “Sometimes you<br />

change environment and find<br />

yourself living with an entirely<br />

new people. At this point we<br />

are dealing with perceptions<br />

of people and how we<br />

respond to others. We hear<br />

stories of shooting of black<br />

people in America and how<br />

they are treated even in old<br />

people’s homes.”<br />

“What is it like sexually,<br />

when one gets to old age? As<br />

the days break, I get closer<br />

to that age. I learn a lot from<br />

my characters. As I observe<br />

older women and as I grow<br />

older, I want to learn how<br />

they manage their sexual life<br />

and move with the trend.<br />

One major thing the book<br />

harps on is openness of spirit<br />

which is what I want to hold<br />

on to as I grow older,”<br />

Manyika stated.<br />

Sarah Ladipo Manyika,<br />

was born and raised in<br />

Nigeria by her Nigerian<br />

father and British mother.<br />

Married to a Zimbabwean,<br />

Sarah has lived in Kenya,<br />

France, and England. She<br />

holds a Ph.D. from the<br />

University of California,<br />

Berkeley, and currently<br />

teaches literature at San<br />

Francisco State University.<br />

She sits on the boards of<br />

Hedgebrook and San<br />

Francisco’s Museum of the<br />

African Diaspora and was the<br />

Chair of Judges for the<br />

Etisalat Prize for Literature<br />

in 2015. Manyika’s first<br />

novel, In Dependence, is<br />

currently being read for the<br />

Joint Admissions and<br />

Matriculation Board (JAMB)<br />

examination.<br />

Poetry<br />

TERRORISTS AS<br />

LOOSERS<br />

BY OSA AMADI<br />

(In solidarity with the<br />

Manchester terrorists’<br />

bomb victims)<br />

The terrorists lost the<br />

battle to the devil<br />

The battle to choose<br />

good <strong>over</strong> evil<br />

Now they strap bombs<br />

on their heart<br />

To blow themselves and<br />

humanity apart<br />

Humanity that has<br />

never lost a battle<br />

Because it stands<br />

together in rattle


VANGUARD, MONDAY, JUNE 5, 2017 -- 41<br />

The autobiography of Chief<br />

Obafemi Awolowo 2<br />

Evolution of<br />

a Federalist<br />

LITERARY REVIEW<br />

By OSA AMADI<br />

The agitation for<br />

restructuring and<br />

(true) federalism is a<br />

recurring decimal in<br />

Nigeria’s political discourse.<br />

Just as many do today, Awo<br />

also believed that federalism<br />

was the magic wand, the<br />

final solution to Nigeria’s<br />

terminal illness. His idea of<br />

federalism – the drawing of<br />

state boundaries along<br />

linguistic lines – was<br />

somewhat realised with the<br />

splitting of Nigeria into 12<br />

states, even beyond<br />

linguistic lines, shortly after<br />

the Civil War broke out. But<br />

problems have remained.<br />

What went wrong?<br />

Awo traces the origin of the<br />

idea of federalism in Nigeria<br />

to himself and his political<br />

party, the Action Group<br />

(chapter 12, page 160).”Until<br />

1951, when the Action Group<br />

proclaimed its slogan of<br />

‘Unity through Federation’,<br />

the question as to what type<br />

of constitution Nigeria<br />

should have was not at all an<br />

issue in the country’s<br />

politics,” he writes.<br />

Awo’s idea of drawing<br />

provincial boundaries along<br />

linguistic lines, again, was<br />

derived around 1930 from<br />

literary materials he read<br />

“with unquenchable<br />

interest” on Indian political<br />

events. “One of the<br />

pronouncements of the<br />

Indian leaders which struck<br />

the right chord in me,” Awo<br />

says, “was the one relating<br />

to the revision of provincial<br />

boundaries along linguistic<br />

lines, in the reframing of the<br />

country’s constitution.”<br />

He was convinced that this<br />

arrangement was the<br />

antidote Nigeria needed for<br />

her sickness. But Awo kept<br />

this thoughts to himself, saying<br />

he felt unqualified to recommend<br />

it because “at that<br />

time...the public status of the<br />

person who said a thing<br />

counted far more than the intrinsic<br />

merits of what was<br />

said.”<br />

By 1940, Awo had gathered<br />

enough political and<br />

economic weight to warrant<br />

his views commanding an<br />

audience and substantial support.<br />

He then went ahead to<br />

expound his idea of federalism:<br />

“Nigeria should have as<br />

many provinces, zones,<br />

regions or states as there<br />

were linguistic or ethnic<br />

groups in the country, and<br />

that each region should have<br />

a legislature and g<strong>over</strong>nment<br />

of its own. There should<br />

be a central parliament and<br />

My friends<br />

thought the<br />

ideas were<br />

bright and<br />

ingenious but<br />

highly explosive<br />

BY OSA AMADI<br />

THERE is a movie set in Nazi<br />

Germany, in which Adolf Hitler’s<br />

men (the Gestapo) barged into<br />

an aircraft and pointed at some Jews<br />

and commanded them to follow them.<br />

In Nazi Germany, when the Gestapo<br />

comes for you, that means you are<br />

dead, especially if you were a Jew.<br />

As the Gestapo and the selected<br />

Jewish men were almost out of the<br />

door, a certain man inside the aircraft<br />

who was not selected stood up and<br />

g<strong>over</strong>nment to which the various<br />

linguistic groups in the<br />

country would be represented.<br />

Under these arrangements<br />

each ethnic group<br />

could develop its own peculiar<br />

culture and institutions in<br />

accordance with its wishes,<br />

and the inter-tribal acrimony<br />

and jockeying for leadership<br />

which were rearing their<br />

heads would cease.”<br />

How did people receive<br />

Awo’s proposition? “My<br />

views were shot down by my<br />

friends,” Awo writes. “They<br />

thought the ideas were<br />

bright and ingenious but<br />

highly explosive.”<br />

At that time, Nigeria was<br />

run by the British Colonists<br />

on the basis of two<br />

protectorates - the Northern<br />

and Southern Protectorates<br />

forged in 1914. In 1946, the<br />

Arthur Richard Constitution<br />

split the colonised country<br />

into three regions: the<br />

Northern, Western and<br />

Eastern regions. After<br />

suspension of the republican<br />

constitution of 1963 by the<br />

military regime in 1966,<br />

General Yakubu Gowon<br />

actualised Awo’s dream by<br />

splitting the country into<br />

twelve states along linguistic<br />

lines, but as an outgrowth of<br />

the civil war. From 12 states,<br />

Nigeria became 19 states. Today,<br />

there are 36 states separated<br />

by linguistic boundaries<br />

in the Federal Republic of Nigeria.<br />

The addition of the word<br />

‘true’ to federalism agitation<br />

in Nigeria shows that the<br />

federalism operating in the<br />

country today is perhaps<br />

different from the federalism<br />

Chief Obafemi Awolowo had<br />

in mind. Or is it?<br />

Prof. Ben Obumsele (1930-2017)<br />

The consummate professor, soldier, and writer<br />

• Ben Obumselu<br />

shouted: “Sir!”<br />

Hitler’s men stopped and turned.<br />

“I, sir, I am also a Jew,” the man<br />

said.<br />

“Really? Ok, follow,” the Gestapo<br />

man said. The man joined his fellow<br />

Jews – to the grave, of course!<br />

There is some kind of affinity<br />

between this Nazi/Jewish story and<br />

the decision Professor Obumselu<br />

made in 1967 when the Nigerian<br />

Civil War broke out. He left Ibadan,<br />

where he was a lecturer, for his<br />

home region in Eastern Nigeria and<br />

joined the Biafran struggle. I believe<br />

he could have, as a graduate of<br />

Oxford University and a lecturer<br />

easily left the country to avoid<br />

danger and save his skin; or possibly<br />

remained on the federal side as a<br />

saboteur like many did in those<br />

days. By that measure, Obumselu,<br />

was not just a professor and literary<br />

critic, he was also a brave soldier.<br />

A graduate of English and classics<br />

from University of Ibadan,<br />

Obumselu was the first president of<br />

the National Union of Nigerian<br />

Students. Among his<br />

contemporaries were Chinua<br />

Achebe, Wole Soyinka, and Chris<br />

Okigbo. Professor Obumselu must<br />

have inherited art and creativity<br />

from his father, Albert Obumselu,<br />

who was a church organist.<br />

After graduating from the<br />

University of Ibadan, Obumselu was<br />

appointed Assistant Registrar at<br />

WAEC, Accra, Ghana and Lagos.<br />

His statesmanship and creative<br />

writing skills endeared him to<br />

political power holders who relied<br />

on him for political advice. As a<br />

soldier who defended his<br />

homeland, he rose to the rank of<br />

Adjutant General in the Biafran<br />

Army, gathering intelligence for<br />

the ‘Spartan’ force, and writing<br />

speeches for Emeka Odumegwu<br />

Ojukwu.<br />

Nobel Laureate, Professor Wole<br />

Soyinka described Professor<br />

Obumselu as “a solid academic; one<br />

of the pioneers of the distinctive<br />

University of Ibadan brand, and<br />

one whose personality helped to<br />

shape Nigeria’s collegial culture<br />

before its later debasement.”<br />

Dr. Okey Ndibe, citing Obi<br />

Nwakanma’s work in an<br />

encyclopedic biography titled<br />

Christopher Okigbo, 1930-67:<br />

Thirsting for Sunlight, says<br />

“Obumselu helped to shape<br />

Okigbo’s poetic impulses towards<br />

aesthetic clarity…Okigbo learnt<br />

early to trust Obumselu’s<br />

judgment as a more rigorous<br />

craftsman.”<br />

Indeed, Professor Benedict Ebele<br />

Obumselu was a repository of fine<br />

intellect, creativity, and physicmilitary<br />

bravery – a rare<br />

combination in men. Luckily for us,<br />

he has left behind, enough DNA in<br />

his sons and daughters.


42—VANGUARD, MONDAY, JUNE 5, 2017<br />

:Vanguard News :@vanguardnews :@vanguardnews NEWS HOTLINES: 08052867023, 08052867058<br />

Buhari'll return before June 11<br />

—Kalu, ex-Abia gov<br />

•Says President's health has improved considerably<br />

By Lawani Mikairu<br />

LAGOS— FORMER<br />

Abia State G<strong>over</strong>nor,<br />

Orji Uzor Kalu, yesterday,<br />

said President Buhari<br />

would be returning to<br />

Nigeria before June 11 and<br />

urged Nigerians to desist<br />

from spreading messages<br />

of hate and division about<br />

the health of the President<br />

who he said is fast<br />

recuperating.<br />

Speaking in an interview<br />

at Murtala Muhammed<br />

Airport, Ikeja, Lagos, Kalu<br />

said the President's health<br />

has improved considerably<br />

when he visited him in<br />

London last week.<br />

According to him, it was<br />

inhuman for some<br />

Nigerians to be spreading<br />

falsehood about the health<br />

of Buhari, instead of<br />

praying for him to rec<strong>over</strong><br />

fast and return to his duty<br />

post.<br />

Kalu said he visited<br />

London to have a first hand<br />

knowledge of the state of<br />

health of the president,<br />

adding: “I went to<br />

Washington to visit some<br />

business partners and from<br />

there, stopped at London to<br />

see Mr President who is<br />

rec<strong>over</strong>ing very fast.<br />

"I am excited <strong>over</strong> the<br />

state of health of President<br />

Buhari despite the hate<br />

messages people were<br />

spreading about him. I am<br />

disappointed with the<br />

statement coming from<br />

some Nigerians about the<br />

health of the President.<br />

“The messages some<br />

Nigerians have been<br />

spreading in the social<br />

media are unhealthy. I am<br />

calling on Nigerians to<br />

have a change of heart.<br />

Being a president does not<br />

mean you cannot be sick.<br />

The hate messages are<br />

becoming too much. There<br />

must be a good sense of<br />

tolerance among the ethnic<br />

groups. We are all one.”<br />

He also said it would be<br />

wrong to embark on any<br />

assessment of the duties of<br />

the Acting President, whom<br />

he said has been carrying<br />

out his constitutional<br />

duties.<br />

State of the nation<br />

On the state of the nation,<br />

Kalu said Buhari had done<br />

well in the fight against<br />

insurgency and the war<br />

against corruption but<br />

noted that the g<strong>over</strong>nment<br />

should obey constitutional<br />

provisions as they affect the<br />

judicial arm of g<strong>over</strong>nment.<br />

He said: “The<br />

g<strong>over</strong>nment has done well,<br />

but there is a lot of suffering<br />

in the land. The masses are<br />

suffering, going through<br />

economic problems. The<br />

administration has done<br />

well, but must obey the law<br />

of the land, by respecting<br />

judicial processes.<br />

G<strong>over</strong>nment must pursue<br />

the hard and the soft of<br />

democracy and that<br />

include the rule of law and<br />

respect of the constitution.<br />

Biafra: Re-arresting Kanu'll not<br />

stop struggle for freedom —IPOB<br />

By Chinedu Adonu<br />

E<br />

N U G U —<br />

INDIGENOUS<br />

People of Biafra, IPOB, has<br />

declared that re-arresting<br />

their leader, Nnamdi Kanu,<br />

for allegedly violating his<br />

bail conditions would not<br />

change the struggle for<br />

Biafra restoration. Rather, it<br />

would fuel the agitation.<br />

Responding to the calls<br />

being made by a certain<br />

faceless group that the<br />

IPOB leader should be rearrested,<br />

IPOB<br />

Spokesman, Emma<br />

Powerful, in a statement,<br />

said it would be a big<br />

mistake should the Federal<br />

G<strong>over</strong>nment give in to such<br />

baseless suggestion,<br />

pointing out that it was his<br />

earlier arrest and detention<br />

that heightened the<br />

agitation.<br />

The organisation pointed<br />

out that those making such<br />

calls were envious of the<br />

popularity of the IPOB<br />

leader and the huge<br />

success, the May 30, 2017<br />

sit-at-home order to mark<br />

the 50 years of Biafra<br />

declaration recorded.<br />

According to the<br />

statement,“we, the<br />

Indigenous People of<br />

Biafra, IPOB, and its<br />

leadership worldwide find<br />

laughable, the calls by some<br />

unscrupulous individuals<br />

On IPOB<br />

sit-at-home order<br />

On the sit-at-home order<br />

by IPOB, Kalu said it was<br />

wrong for people to sit at<br />

home, because it will affect<br />

the economy of the South-<br />

and groups who were jittery<br />

because of the 100 per cent<br />

total compliance by<br />

Biafrans on May 30, 2017<br />

sit-at-home order and the<br />

electrifying popularity of<br />

our able leader, Mazi<br />

Nnamdi Kanu.<br />

“We are aware that those<br />

who were using unknown<br />

names and groups to call<br />

for Kanu’s re-arrest are<br />

those who were jittery <strong>over</strong><br />

his rising popularity and<br />

that of IPOB in the world<br />

today.<br />

“The success of May 30,<br />

2017 sit-at-home and<br />

Biafra 50th anniversary was<br />

a clear indication that these<br />

individuals calling for rearrest<br />

of Kanu were<br />

inconsequential in the<br />

society and were envious of<br />

Kanu's popularity. The<br />

history of the event this<br />

year will not be erased and<br />

it must be an annual event<br />

year in, year out.<br />

“Arresting Mazi Nnamdi<br />

Kanu again cannot stop the<br />

agitation. Rather, it will be<br />

a very big mistake on the<br />

side of the Federal<br />

G<strong>over</strong>nment and her<br />

security operatives because<br />

when the security<br />

operatives arrested him on<br />

his arrival from London in<br />

his hotel room in Lagos, it<br />

sparked protests and rallies<br />

across the world and drew<br />

East, adding that the<br />

people have the right to<br />

agitate. He called for<br />

enlightenment in the<br />

pursuance of a united<br />

country.<br />

According to him, “Most<br />

people may not understand<br />

what the issues are, but with<br />

time, they will understand.<br />

There is strength in unity.<br />

God did not make a mistake<br />

by putting us in one<br />

country."<br />

VISIT: G<strong>over</strong>nor Rochas Okorocha of Imo State (right) welcoming<br />

Inspector-General of Police, Mr. Idris Ibrahim, during a courtesy call on the<br />

g<strong>over</strong>nor at G<strong>over</strong>nment House, Owerri, weekend.<br />

the attention of the world<br />

leaders and other relevant<br />

world organisations closer<br />

to the quest for Biafra<br />

independence.<br />

“We don’t give a damn,<br />

whether they arrest him or<br />

not. We don’t bother.<br />

Keeping Nnamdi Kanu in<br />

or out of Nigeria prison<br />

matters nothing to us<br />

because the restoration<br />

effort continues unabated.<br />

Having Mazi Nnamdi<br />

Kanu in prison is good for<br />

the struggle to restore<br />

Biafra."<br />

Marginalisation: I’m<br />

practising what Ojukwu<br />

taught Ndigbo — Ngige<br />

•Says FG has paid N6bn mobilisation<br />

fee for 2nd Niger Bridge<br />

By Emeka Mamah<br />

& Johnbosco<br />

Agbakwuru<br />

ENUGU — MINISTER<br />

of Labour and<br />

Employment and former<br />

G<strong>over</strong>nor of Anambra<br />

State, Senator Chris<br />

Ngige, has said he was<br />

practising what the late<br />

leader of Ndigbo, Dim<br />

Odumegwu Ojukwu,<br />

taught them in 1982.<br />

Ngige made this known<br />

while reacting to<br />

criticisms from Movement<br />

for the S<strong>over</strong>eign State of<br />

Biafra, MASSOB, <strong>over</strong><br />

his alleged defence of<br />

President Muhammadu<br />

Buhari on his lopsided<br />

appointments of top<br />

political office holders<br />

against Ndigbo, further<br />

advised that Igbo should<br />

avoid placing all their<br />

political eggs in one<br />

basket by voting wisely in<br />

2019.<br />

Ngige, had in an<br />

interview blamed the Igbo<br />

political class for<br />

allegedly rejecting<br />

President Muhammadu<br />

Buhari in 2015, by voting<br />

massively for former<br />

President Goodluck<br />

Jonathan, who eventually<br />

lost the general election to<br />

Buhari.<br />

According to him,<br />

MASSOB's position was<br />

uninformed and a shot in<br />

the wrong direction.<br />

In a statement signed by<br />

his Special Assistant,<br />

Media, Nwachukwu<br />

Obidiwe, the minister<br />

defended his advice to<br />

the Igbo, saying: “I wish<br />

to put it on record that my<br />

position is exactly the<br />

same position our late<br />

leader, Chukwuemeka<br />

Odumegwu Ojukwu took<br />

in 1982 when he left the<br />

Igbo dominated Nigeria<br />

Peoples Party, NPP, to join<br />

the National Party of<br />

Nigeria, NPN.<br />

“Ikemba reasoned that<br />

while Igbo give support to<br />

Zik’s NPP, there was also<br />

the wisdom in spreading<br />

our political net to the<br />

waters of the ruling party.<br />

Ikemba did so to ensure<br />

that Ndigbo were not all<br />

boxed into a regional<br />

party or enclave which<br />

can disconnect or limit<br />

their participation in the<br />

nation’s apex political<br />

conclave.<br />

“If Ojukwu thought that<br />

doing otherwise was<br />

myopic in 1982, why is a<br />

section of the Igbo<br />

crucifying Ngige for<br />

preaching and practising<br />

the wise counsel of our<br />

eternal leader, Ikemba?<br />

“I wish to further add<br />

that there is enough<br />

opportunity for the Igbo to<br />

make up whatever<br />

perceived loss they<br />

currently encounter but<br />

our leaders need to shun<br />

the creeping political<br />

narrowness and play<br />

politics more astutely.<br />

“What matters most is<br />

not how big the positions<br />

we occupy are, rather,<br />

what we are able to<br />

achieve for the Igbo with<br />

what we occupy.<br />

“Today, work is on-going<br />

on all the major federal<br />

roads in the South-East;<br />

Enugu- Onitsha, Enugu-<br />

Umuahia-Aba-Port<br />

Harcourt, Port Harcourt-<br />

Owerri, Oba-Nnewi–<br />

Arondizuogu- Okigwe, to<br />

mention a few while Julius<br />

Berger has been mobilized<br />

to the tune of N6 billion for<br />

the 2nd River Niger<br />

Bridge."<br />

Consensus needed on S-East Dev<br />

Commission —Metuh<br />

By Charles Kumolu<br />

AFORMER Publicity<br />

Secretary of the<br />

Peoples Democratic Party,<br />

PDP, Chief Olisa Metuh,<br />

has called for a consensus<br />

when next the South East<br />

Development Commission<br />

Bill is introduced, noting<br />

that the rejection of the bill<br />

should not be taken as the<br />

end of the matter.<br />

He particularly stated<br />

that the commission was<br />

needed to address what he<br />

termed the long neglect of<br />

the South-East geopolitical<br />

zone since the end of<br />

Nigerian civil war.<br />

Metuh in a statement,<br />

yesterday, urged members<br />

of the National Assembly to<br />

engage more in robust<br />

debates, noting that the<br />

commission is the least the<br />

region needs at the<br />

moment.<br />

His words: “The rejection<br />

of the bill for the<br />

establishment of the South<br />

East Development<br />

Commission by the House<br />

of Representatives does not<br />

demonstrate the desired<br />

spirit of national<br />

accommodation and<br />

sensitivity towards the<br />

people and problems of the<br />

South-East zone.<br />

“The South-East Caucus<br />

of the National Assembly<br />

must, however, be<br />

commended for bringing<br />

the issues of the needs of<br />

the region to the front<br />

burner. It is also<br />

heartwarming to note that<br />

a good number of<br />

lawmakers from other geopolitical<br />

zones supported<br />

the bill.<br />

“The current momentary<br />

hitch in the bid to establish<br />

a South East Development<br />

Commission, therefore,<br />

must not be seen as the end<br />

of the road, or a badge of<br />

defeat."


Vanguard, MONDAY, JUNE 5, 2017—43<br />

ZAHAR<br />

My name was wrongly<br />

written as Abdulmalik<br />

Mustapha Zahar<br />

instead of Abdulmalik<br />

Mustapha Zahradeen.<br />

Henceforth, I wish to be<br />

known and addressed<br />

as Abdulmalik<br />

Mustapha Zahradeen<br />

which is my correct<br />

name. All former<br />

documents remain valid.<br />

General public please<br />

take note.<br />

MOLOKWU<br />

I, formerly known and<br />

addressed as Mrs.<br />

Molokwu Obianuju,<br />

now wish to be known<br />

and addressed as Mrs.<br />

Onuzulike Obianuju.<br />

All former documents<br />

remain valid, general<br />

public please take note.<br />

UGBOBOR<br />

I, formerly known and<br />

addressed as Miss<br />

Ugbobor Florence,<br />

now wish to be known<br />

and addressed as Mrs.<br />

Idoghor Florence<br />

Oghenero. All former<br />

documents remain<br />

valid. General public<br />

please take note.<br />

IGBRU<br />

I, formerly known and<br />

addressed as Miss<br />

Igbru Onome Rita, now<br />

wish to be known and<br />

addressed as Mrs.<br />

Oshowho Onome Rita.<br />

All former documents<br />

remain valid. General<br />

public please take<br />

note.<br />

OKEKE<br />

I, formerly known and<br />

addressed as Okeke<br />

Ogochukwu Ifeoma,<br />

now wish to be known<br />

and addressed as<br />

Amaechi Ogochukwu<br />

Ifeoma. All former<br />

documents remain<br />

valid. UNIABUJA,<br />

UNIZIK and the<br />

general public please<br />

take note.<br />

ODUNZE<br />

Addition of Name<br />

My name was formerly<br />

Odunze Emmanuel,<br />

but I now wish to add<br />

the name Nwachukwu<br />

and be known and<br />

addressed as Odunze<br />

E m m a n u e l<br />

Nwachukwu. All<br />

former documents<br />

remain valid. General<br />

public please take note.<br />

OSIFO<br />

Addition of name<br />

I, formerly known and<br />

addressed as Osifo<br />

Nosa hereby add the<br />

names Rory John and<br />

henceforth wish to be<br />

known and addressed<br />

as Osifo Rory John<br />

Nosa. All former<br />

documents remain<br />

valid. First Bank Plc.<br />

and all the authorities<br />

concerned please take<br />

note.<br />

GODBLESS<br />

I, formerly known and<br />

addressed as Sule<br />

Arome Godbless, now<br />

wish to be known and<br />

addressed as Sule<br />

Arome Emmanuel<br />

Godwin. All former<br />

documents remain<br />

valid. General public<br />

please take note.<br />

IGBOKO<br />

I, formerly known and<br />

addressed as Miss<br />

Blessing Amarachi<br />

Igboko, now wish to be<br />

known and addressed<br />

as Mrs. Amarachi<br />

Blessing Amuzie. All<br />

former documents<br />

remain valid. General<br />

public please take note.<br />

MICHAEL<br />

I, formerly known and<br />

addressed as Miss Esther<br />

Michael, now wish to be<br />

known and addressed as<br />

Mrs. Esther Nwankwo.<br />

All former documents<br />

remain valid. Nnamdi<br />

Azikiwe University,<br />

NYSC and the general<br />

public to take note.<br />

VANGUARD CLASSIFIED<br />

ABU<br />

NIGERIA<br />

DIEPREGHA<br />

I, formerly known and<br />

addressed as Miss<br />

Diepregha Maria<br />

Ebilade-ere, now wish<br />

to be known and<br />

addressed as Mrs.<br />

Seibi Maria Powede.<br />

All former documents<br />

remain valid. General<br />

public please take note.<br />

MOLOKWU<br />

I, formerly known and<br />

addressed as Miss<br />

Molokwu Patricia<br />

Chinyere, now wish to<br />

be known and<br />

addressed as Mrs.<br />

Ajanobi Patricia<br />

Chinyere. All former<br />

documents remain<br />

valid. General public<br />

please take note.<br />

GWANI<br />

I, formerly known as<br />

Miss Helena Enoch<br />

Gwani, now wish to be<br />

known and addressed<br />

as Mrs. Helena<br />

Fodeke. All former<br />

documents remain<br />

valid. General public<br />

please take note.<br />

EGWUATU<br />

I, formerly known and<br />

addressed as Miss<br />

Ijeoma Ogochukwu<br />

Egwuatu, now wish to<br />

be known and<br />

addressed as Mrs.<br />

Ijeoma Ogochukwu<br />

Okosun. All former<br />

documents remain<br />

valid. General public<br />

please take note.<br />

JIMOH<br />

This is to confirm that<br />

the names, Ayodeji<br />

Jimoh Thomas and<br />

Ayodeji Thomas refer to<br />

one and the same<br />

person but now wish<br />

to be known and<br />

addressed as Ayodeji<br />

Jimoh Thomas. All<br />

former documents<br />

remain valid. General<br />

public please take note.<br />

ZIBO<br />

I, formerly known and<br />

addressed as Ene Zibo,<br />

now wish to be known<br />

and addressed as Ene<br />

Caroline Princess. All<br />

former documents<br />

remain valid. General<br />

public please take note.<br />

CHUKWUJIOKE<br />

I, Ajanobi Chibuzor<br />

Mgbowa, wish to<br />

inform the general<br />

public that the surname<br />

of my first daughter<br />

Chimereze Esther and<br />

that of all my unborn<br />

children be known and<br />

addressed as<br />

(Chukwujioke). General<br />

public please take note.<br />

NWAGBARA<br />

I, formerly known and<br />

addressed as Miss<br />

Nwagbara Odinakachi<br />

Rachael, now wish to<br />

be known and<br />

addressed as Mrs.<br />

Jamin Oforbuike<br />

Odinakachi Rachael.<br />

All former documents<br />

remain valid. General<br />

public please take note.<br />

ILECHIE ANWULI-OKOH AMADI<br />

EWEMALI<br />

I, formerly known and<br />

addressed as<br />

Miss Amara Jennifer<br />

Ilechie, now wish to be<br />

known and addressed<br />

as Mrs. Nwaukoni Ike<br />

Amara. All former<br />

documents remain<br />

valid. General public<br />

please take note.<br />

I, formerly known and<br />

addressed as Mrs.<br />

Anwuli-Okoh Amayebi<br />

Lesley, now wish to be<br />

known and addressed as<br />

Mrs. Okoh Amayebi<br />

Lesley. All former<br />

documents remain valid.<br />

Raw Materials Research<br />

and Development<br />

Council and general<br />

public please take note.<br />

Correction of Name<br />

I am Abu Samuel<br />

Joseph, but my name<br />

was wrongly written as<br />

Abu Samuel, but now<br />

wish to be known and<br />

adressed as Abu<br />

Samuel Joseph. All<br />

former documents<br />

remain valid. General<br />

public please take note.<br />

I, formerly known and<br />

addressed as Nigeria<br />

Agberia Ernest, now<br />

wish to be known and<br />

addressed as Ojeni<br />

Ernest. All former<br />

documents remain<br />

valid. General public<br />

please take note.<br />

I, formerly known and<br />

addressed as Chisom<br />

Cynthia Amadi, now<br />

wish to be known and<br />

addressed as Cynthia<br />

Omorodion. All former<br />

documents remain<br />

valid. General public<br />

please take note.<br />

This is to confirm that the<br />

names Elakeche Idaa and<br />

Ewemali Elakeche<br />

Emmanuella refer to one<br />

and the same person. I<br />

now wish to be known and<br />

addressed as Elakeche<br />

Idaa. All former<br />

documents remain valid.<br />

General public please<br />

take note.<br />

ANYACHOR<br />

I, formerly known and<br />

addressed as Anyachor<br />

Rhoda Chinyere, now<br />

wish to be known and<br />

addressed as<br />

Onyeagba Chinyere<br />

Rhoda. All former<br />

documents remain<br />

valid. General public<br />

please take note.<br />

OKE<br />

I, formerly known and<br />

addressed as Joseph<br />

Oke now wish to be<br />

known and addressed<br />

as Joseph Oke Peter.<br />

All former documents<br />

remain valid. First<br />

Bank Plc and the<br />

general public please<br />

take note.<br />

EMEKE<br />

I, formerly known and<br />

addressed as Kelvin<br />

Chukwuemeke Odagwe<br />

and Kelvin Emeke<br />

Odagwe, now wish to be<br />

known and addressed as<br />

Kelvin Odagwe. All<br />

former documents remain<br />

valid. First City<br />

Monument Bank Plc<br />

(FCMB) and the general<br />

public please take note.<br />

CHIEJINA<br />

I, formerly known and<br />

addressed as Miss<br />

Ngozi Judith Chiejina,<br />

now wish to be known<br />

and addressed as Mrs.<br />

Ngozi Judith<br />

Aigbepue. All former<br />

documents remain<br />

valid. General public<br />

please take note.<br />

OTOIDE<br />

I, formerly known and<br />

addressed as Otoide<br />

Oselenonomene<br />

Mercy, now wish to be<br />

known and addressed<br />

as Eranga Osemene<br />

Mercy. All former<br />

documents remain<br />

valid. General public<br />

please take note.<br />

OZOCHIOKE<br />

I, formerly known and<br />

addressed as<br />

Miss Ozochioke Nice<br />

Jennifer Nnenna, now<br />

wish to be known and<br />

addressed as Mrs.<br />

Bernard Jennifer<br />

Nnenna Chikadibia.<br />

All former documents<br />

remain valid. General<br />

public please take note.<br />

We need<br />

quality data<br />

to achieve<br />

food security<br />

—KALE<br />

A BUJA—NIGERIA<br />

cannot achieve<br />

growth and development<br />

in its economic<br />

diversification plan<br />

without proper planning<br />

and access to quality data<br />

in the agricultural sector,<br />

the Statistician General of<br />

the Federation, Dr. Yemi<br />

Kale has said.<br />

Dr. Kale stated this on<br />

Wednesday at the<br />

presentation and formal<br />

hand<strong>over</strong> of Agricultural<br />

Market Information<br />

System, AMIS Computer<br />

Assisted Interviewing,<br />

CAPI System to the<br />

Federal g<strong>over</strong>nment by<br />

Food and Agriculture<br />

Organization of the United<br />

Nations, FAO at NAF<br />

Conference Centre, Abuja.<br />

AMIS CAPI system is<br />

an inter-agency platform<br />

set up for the collection of<br />

agricultural data in<br />

Nigeria and to enhance<br />

food market transparency<br />

and policy response for<br />

food security. It was<br />

launched in 2011 by the<br />

G20 Ministers of<br />

Agriculture following the<br />

global food price hikes in<br />

2007/08 and 2010 to about<br />

150 per cent.<br />

OAS, ADA<br />

partner to<br />

boost<br />

helicopter<br />

services in oil,<br />

gas sector<br />

L AGOS—NIGERIAN<br />

indigenous aircraft<br />

charter operator, OAS<br />

Helicopters has<br />

partnered the United<br />

Arab Emirates helicopter<br />

company, Abu Dhabi<br />

Aviation, ADA, to provide<br />

Helicopter services to<br />

Nigeria oil and gas sector<br />

of the economy.<br />

This partnership was kick<br />

started, weekend with the<br />

arrival of ADA’s 15 Seater full<br />

offshore equipped helicopter<br />

AW-139 with registration<br />

number A6-AWH at OAS’ new<br />

Terminal NAFBASE Airport,<br />

Port Harcourt . The ADA and<br />

OAS’ relationship had been<br />

undergoing technical and<br />

legal structuring since 2015.<br />

According to OAS<br />

Helicopters Managing<br />

Director and CEO, Capt<br />

Evarest Nnaji, “ the<br />

practical kick off of the<br />

partnership, which is<br />

landmarked by the arrival and<br />

the physical presence of ADA<br />

crew and equipment, is one<br />

investment step the Nigeria<br />

aviation will enjoy moving<br />

forward, especially in the area<br />

of oil and gas aircraft support<br />

services”.


44 — Vanguard, MONDAY, JUNE 5, 2017


Vanguard, MONDAY, JUNE 5, 2017—45


46—Vanguard, MONDAY, JUNE 5, 2017


Vanguard, MONDAY, JUNE 5, 2017 — 47


48—Vanguard, TUESDAY, JUNE 5, 2017


Vanguard, MONDAY, JUNE 5, 2017 — 49


50 — Vanguard, MONDAY, JUNE 5, 2017<br />

Free medical<br />

checks for<br />

500<br />

residents in<br />

Alimosho<br />

By Gloria Orogun<br />

OVER 500 people in<br />

Alimosho Local<br />

G<strong>over</strong>nment Area of<br />

Lagos, benefitted from<br />

free medical checkups<br />

organised by the<br />

Westfield Development<br />

Initiative to commemorate<br />

the world malaria day.<br />

The Executive Director,<br />

Mrs Omobola Lana said<br />

“malaria is preventable<br />

and treatable and WDI<br />

outreaches aim to put<br />

more Long Lasting<br />

Insecticide Treated Nets<br />

(LLINs) in homes,<br />

communicate the<br />

message of prevention<br />

and appropriate<br />

treatment seeking<br />

behaviour and hopefully<br />

improve preventive<br />

practices and reduce<br />

incidences of malaria in<br />

Alimosho”.<br />

A medical consultant,<br />

Dr. Damilare Adekanye<br />

said the aim of the<br />

programme was to<br />

sensitise people about<br />

malaria. “We have a<br />

whole team of doctors,<br />

nurses and lab<br />

technicians to diagnose<br />

and treat Nigeria.<br />

”The symptoms for<br />

malaria and many other<br />

illnesses are not specific;<br />

the only way to actually<br />

confirm these illnesses is<br />

through testing.<br />

Programs like this help<br />

sensitize people that not<br />

every illness is malaria”.<br />

A Board member Mrs<br />

Bunmi Akinkugbe stated:<br />

“The medical outreach is<br />

better than what other<br />

organisations do because<br />

the professionals are the<br />

once handling it.<br />

The focus all around the<br />

world is prevention so this<br />

programme helps those in<br />

the rural area because<br />

apart from treating malaria,<br />

we give them health talks<br />

on how they can prevent<br />

malaria with treated bed<br />

nets and we also teach<br />

them basic hygiene.<br />

Mr Charles Eguredo<br />

said the major challenge of<br />

the initiative is funding and<br />

societal ignorance. ”We are<br />

hoping to see strategic<br />

stakeholders who are<br />

committed to seeing a<br />

healthy Nigerian society<br />

commit themselves to<br />

support both monetary<br />

and substance to join us to<br />

roll back malaria from our<br />

society”.<br />

Active sex life improves job satisfaction<br />

— STUDY<br />

A<br />

recent study by<br />

Oregon State<br />

University, OSU researcher<br />

on the relationship between<br />

work and sex habits of<br />

married employees has<br />

revealed that those who<br />

prioritized sex at home<br />

unknowingly gave<br />

themselves a next-day<br />

advantage at work, where<br />

they were more likely to<br />

immerse themselves in their<br />

tasks and enjoy their work<br />

lives.<br />

According to the Associate<br />

Professor, OSU's College of<br />

Business, Keith Leavitt,<br />

maintaining a healthy<br />

relationship that includes a<br />

healthy sex life will help<br />

employees stay happy and<br />

engaged in their work,<br />

which benefits the<br />

employees and the<br />

organizations they work for.<br />

"We make jokes about<br />

people having a 'spring in<br />

their step,' but it turns out<br />

this is actually a real thing<br />

and we should pay attention<br />

to it," said Leavitt, an expert<br />

in organizational behavior<br />

and management.<br />

Leavitt explained that the<br />

study showed that bringing<br />

work-related stress home<br />

from the office negatively<br />

impinges on employees' sex<br />

lives. In an era when smart<br />

When work<br />

carries so far<br />

into an<br />

employee's<br />

personal life<br />

they sacrifice<br />

things like sex,<br />

their<br />

engagement in<br />

work can<br />

decline<br />

PRESENTATION: Yobe State G<strong>over</strong>nor, Ibrahim Gaidam receiving some educational<br />

materials from the Acting Director General of NAFDAC, Mrs Yetunde Oni, when she<br />

paid an advocacy visit to the G<strong>over</strong>nor’s office recently.<br />

Yobe backs NAFDAC against fake drugs<br />

Pharma coys canvass effective drug import policy<br />

By Naomi Uzor<br />

N IGERIA’S<br />

pharmaceutical<br />

companies want policy<br />

consistency and clarity as<br />

well as a new strategy for<br />

drug importation to enable<br />

them stay afloat, add more<br />

workers to their direct and<br />

indirect staff.<br />

Speaking<br />

at<br />

Pharmaceutical<br />

Manufacturers Group of<br />

the Manufacturers<br />

Association of Nigeria<br />

(PMG-MAN)/ Private<br />

Sector Health Alliance of<br />

Nigeria (PHN) Forum in<br />

Abuja, Okey Akpa,<br />

President of PMG-MAN,<br />

said policy flip-flops had<br />

phones are prevalent and<br />

after-hours responses to<br />

work emails are often<br />

expected, the findings<br />

highlight the importance of<br />

leaving work at the office.<br />

"When work carries so far<br />

into an employee's personal<br />

life that they sacrifice things<br />

like sex, their engagement<br />

in work can decline.<br />

The researchers' findings<br />

published in the Journal of<br />

THE fight against<br />

circulation of fake and<br />

substandard drugs and<br />

other regulated products<br />

received a boost last week<br />

as the Yobe State<br />

g<strong>over</strong>nment donated land<br />

to the National Agency for<br />

Food and Drug<br />

Administration and<br />

Control, NAFDAC, for the<br />

building of a state-of-the-art<br />

office complex.<br />

Announcing this when<br />

the Acting Director General<br />

of NAFDAC, Yetunde Oni<br />

many times threatened to<br />

shut down <strong>over</strong> 120<br />

pharma companies in the<br />

industry.<br />

Akpa said drug makers in<br />

the country were not<br />

carried along when some<br />

major policies affecting<br />

them were made.<br />

“The Common External<br />

Tariff (CET) threatened to<br />

wipe us out until the 2016<br />

Fiscal Policy, which<br />

changed the dynamics.<br />

The CET provides for five<br />

to 20 percent tariff for<br />

importation of<br />

pharmaceutical raw<br />

materials and excipients<br />

but allow finished<br />

medicines to enter into any<br />

Management revealed that<br />

sexual intercourse triggers<br />

the release of dopamine, a<br />

neurotransmitter associated<br />

with the reward centers in<br />

the brain, as well as<br />

oxytocin, a neuropeptide<br />

associated with social<br />

bonding and attachment.<br />

That makes sex a natural<br />

and relatively automatic<br />

mood elevator and the<br />

benefits extend well into the<br />

paid State G<strong>over</strong>nor, Alhaji<br />

Ibrahim Gaidam, courtesy<br />

visit, Gaidam also<br />

promised to provide an<br />

operational vehicle to<br />

NAFDAC to assist in<br />

patrolling all nooks and<br />

crannies of the state.<br />

He said the donation<br />

demonstrates the<br />

commitment of his<br />

g<strong>over</strong>nment to partner with<br />

NAFDAC in ridding the<br />

state of the menace of drug<br />

misuse and poor handling<br />

country in the sub-region at<br />

no duty. We are grateful that<br />

the Federal G<strong>over</strong>nment<br />

intervened with the 2016<br />

Fiscal Policy which imposed<br />

tariffs on four categories of<br />

imported drugs,” he said.<br />

“We need to have an<br />

import strategy. What we<br />

are saying is, hand <strong>over</strong><br />

importation to those who<br />

are already manufacturing<br />

medicines. That means<br />

they have plans to start<br />

producing the drugs. When<br />

you hand importation to<br />

those who are not<br />

manufacturing and have<br />

no plan to do so, you are<br />

discouraging local<br />

manufacturing,” he said.<br />

next day, Leavitt said.<br />

To understand the impact<br />

of sex on work, the<br />

researchers followed 159<br />

married employees <strong>over</strong><br />

the course of two weeks,<br />

asking them to complete<br />

two brief surveys each day.<br />

They found that employees<br />

who engaged in sex<br />

reported more positive<br />

moods the next day, and the<br />

elevated mood levels in the<br />

of pesticides and agrochemicals.<br />

Directing the state<br />

Commissioner for Land to<br />

make available a parcel of<br />

land, he also directed the<br />

Head of Service to provide<br />

office accommodation in the<br />

two other senatorial districts<br />

so as to improve the<br />

logistics challenges being<br />

faced by NAFDAC in the<br />

state.<br />

The Acting Director<br />

General of NAFDAC, Mrs.<br />

Yetunde Oni was in Yobe<br />

State for a sensitization<br />

campaign on “Rational use<br />

of Controlled Medicines,<br />

Safe handling of Chemicals<br />

and Responsible use of<br />

pesticides and Agricultural<br />

Chemicals”, said the land<br />

would house a NAFDAC<br />

stand alone office,<br />

warehouse and laboratory<br />

complex that would shorten<br />

the registration process and<br />

bring activities of the<br />

Agency closer to the<br />

grassroots.<br />

"We will continue to<br />

sensitize the general public<br />

on the public health<br />

implications of these<br />

substandard, falsified and<br />

unwholesome regulated<br />

products and the efforts of<br />

NAFDAC in tackling this<br />

ugly menace," she said.<br />

morning led to more<br />

sustained work<br />

engagement and job<br />

satisfaction throughout the<br />

workday.<br />

The effect, which appears<br />

to linger for at least 24<br />

hours, was equally strong<br />

for both men and women<br />

and was present even after<br />

researchers took into<br />

account marital satisfaction<br />

and sleep quality, which are<br />

two common predictors of<br />

daily mood.<br />

"This is a reminder that<br />

sex has social, emotional<br />

and physiological benefits,<br />

and it's important to make<br />

it a priority," Leavitt said.<br />

"Just make time for it."<br />

Jim Iyke is<br />

WRAN<br />

ambassador for<br />

maternal, child<br />

health<br />

By Victoria Ojeme<br />

THE White Ribbon<br />

Alliance Nigeria<br />

(WRAN) has named<br />

renowned movie actor, Jim<br />

Iyke as it's ambassador to<br />

help save women from<br />

dying during child birth.<br />

The National<br />

Coordinator, Mr Tonte<br />

Ibraye said Iyke would<br />

help prioritise maternal and<br />

child health in the country.<br />

Ibraye said saving<br />

motherhood required<br />

involvement of men to help<br />

women make timely<br />

decisions.<br />

"With Jim Iyke to speak<br />

on the matter, he would<br />

serve as a model to other<br />

males and encourage them<br />

to support their wives,<br />

daughter, sisters to seek<br />

care, go for antenatal and<br />

make sure when it's time to<br />

deliver they should do so<br />

in a health facility.<br />

"We are at the moment<br />

pushing for the universal<br />

right of child bearing<br />

women and the Federal<br />

ministry of health has taken<br />

leadership of that and it was<br />

even taken before the<br />

council of health and it was<br />

adopted, and so far it has<br />

become the standard of<br />

practice".<br />

Responding, Iyke said<br />

the mandate and<br />

responsibility given to him<br />

is a call to action which he<br />

said he intends to take<br />

seriously. He said the<br />

campaign to save women<br />

and children is quite<br />

personal to him because his<br />

sister died while giving<br />

birth. "I will go any length<br />

to save women and<br />

children. I hope that people<br />

will listen to me, especially<br />

my male folks and make<br />

the right decisions that will<br />

help save lives.”


Vanguard, MONDAY, JUNE 5, 2017 — 51


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Vanguard, MONDAY, JUNE 5, 2017 — 53


54 — Vanguard, MONDAY, JUNE 5, 2017


Vanguard, MONDAY, JUNE 5, 2017 — 55


56 -- Vanguard, MONDAY, JUNE 5, 2017<br />

YOUR LUCK TODAY<br />

By Joshua Adeyemo Phone 08056180139<br />

CAPRICORN; Take your health more seriously than before.<br />

However that is not to say you have to ignore your<br />

responsibilities at work. Respect your senior colleagues.<br />

AQUARIUS; The influence looks more favourable to you<br />

now. You will certainly become more enterprising to the<br />

betterment of your cause. Right now nobody can ignore<br />

you.<br />

PISCES; Those of you who are more observant within<br />

your base of operation will have more to gain. Prepare to<br />

take good advice from the veterans within your base.<br />

ARIES; Although your personal ideas are very reliable<br />

and capable of bringing success, you will need to be as<br />

co-operative as possible to achieve your desire.<br />

TAURUS; It is important you take your sources of making<br />

money very seriously. Both hard work and element of<br />

luck will work favourably for you.<br />

GEMINI; Placement of the Moon will encourage you to<br />

become a little bit aggressive; here is a day when your<br />

leadership ability will assist many.<br />

CANCER; The Moon=s placement can force agitation<br />

on the minds of some of you but if keep your head above<br />

the cloudy atmosphere you will not have anything to fear.<br />

LEO; Young-at-heart Librans may be greatly excited today<br />

and for the next few weeks; if you take good decision<br />

on your love life you will enjoy it.<br />

By Richard Eromosele<br />

ONE of the major<br />

reasons<br />

why some of us<br />

have remained<br />

where we are in life<br />

is because of the<br />

fear of going wrong.<br />

The truth is that<br />

L E I S U R E<br />

THOUGHT FOR TODAY<br />

The right to be wrong<br />

TERROR MUDA in “Never say goodbye”<br />

we can’t be right if<br />

we have not mastered<br />

the act of going<br />

wrong. As a result<br />

of this, we think<br />

constantly consciously<br />

or unconsciously<br />

of what<br />

people will say. Remember,<br />

this is<br />

your life. You have<br />

the right to be<br />

wrong. The only<br />

way you can learn<br />

how to do it, is to<br />

know many ways it<br />

cannot be done. So,<br />

take a decision now.<br />

Do what you want<br />

to do. Make mistakes,<br />

correct your<br />

mistakes and move<br />

on. You will succeed.<br />

By Kola Fayemi<br />

VIRGO; Here is an ambitious day for many of you. The<br />

more practical you are about your reasonable desire the<br />

better for your cause. Be more family minded.<br />

LIBRA; Good luck will knock at your door. Although it is<br />

good to plan ahead, you have to take advantage of now<br />

that presented good opportunities.<br />

KAPTAIN AFRIKA in “Pretty Lunatic’ By Andy Akman<br />

SCORPIO; Keeping both your personal and other people<br />

secrets will do you lots of good today. Then tomorrow is<br />

your big day; prepare yourself accordingly.<br />

SAGITTARIUS; Here is a day when your closeness to the<br />

influential people can be source of assistance to both<br />

yourself in particular and your group in general. And<br />

then your love life is getting better. Exhibit loving maturity.<br />

ASTROLOGICAL COUNSELLING<br />

Send your date e and place of birth th to the Astr<br />

trological<br />

Counselling, P.M.B 100<br />

007, 7, Apapa, Lagos<br />

Good Health for me?<br />

Dear Joshua,<br />

I have never gone through any major sickness since I was born<br />

but it is always good to know, especially as people are saying that<br />

those that do not fall-sick often can die the very first time such<br />

happen. Can they be right? Please tell me about my financial prospects.<br />

Iyabo, Benin.<br />

Dear Iyabo,<br />

They are wrong. And you have no cause to fear. Actually my<br />

findings here pointed to your hard beginning-health wise. If you<br />

ask your parents they would tell you much than you think you<br />

know about yourself<br />

Leo and Scorpio that hosted your natal Sun and Moon are members<br />

of few strongest Star signs available (when talking of health/life<br />

and death). Thus you are well endowed.<br />

Although as both the Sun and Moon were at loggerheads when<br />

you were born you must have gone through some tough times<br />

health-wise, especially when you were younger, very great ability of<br />

Scorpio to survive and good aspects the planets enjoyed during<br />

your birth hour are indications of good health for you. And as your<br />

age advances so also your health will continue to improve.<br />

Then concentration of many heavenly bodies in health related<br />

Virgo is another pointers to good health. However that is not to say<br />

you will go through adulthood life without any health related challenges<br />

but when they come you have what it takes to survive and be<br />

back on the road to sound health.<br />

What to watch out for include TOOTHACHE, the chest/back,<br />

stomach and at very advanced age may come circulatory system<br />

related challenge. Being a female Scorpio born person always pay<br />

good attention to gynaecological related ailments and fever is<br />

common in this part of the world.<br />

But then all ailments mentioned here are mere warnings (although<br />

to be taken seriously) nothing fatalistic please!!!!<br />

Although you can be generous, kind and loving you are not the<br />

extravagant type. Thus you are reliable and can make success of<br />

your family purse. You are practical analyst with respect for your<br />

family dignity, therefore putting aside money for raining days comes<br />

natural to you<br />

Occasionally you think that money don’t come as faster as desired<br />

by you but it comes eventually after a few lesson. Luckily for you<br />

Libra that hosted your natal planet of desire (Mars) is money and<br />

partnership/marrige related. Thus money will find it way into your<br />

life either personally or via joint efforts between you and your husband.<br />

VIRGINIA<br />

HOME & ABROAD<br />

dadadekola@yahoo.com<br />

By Lawrence Akapa


Vanguard, MONDAY, JUNE 5, 2017—57


58 — VANGUARD, MONDAY, JUNE 5, 2017<br />

MID-TERM:<br />

Without propaganda<br />

APC can do better<br />

— ABC NWOSU<br />

PROFESSOR Alphonsus Nwosu was former<br />

Minister of Health and one of the<br />

commissioned officers in the Biafran Army<br />

during the Nigeria/Biafra civil war. In this<br />

interview, he argues that the All Progressives<br />

Congress, APC-led g<strong>over</strong>nment has performed<br />

abysmally adding that the ill-health of<br />

President Muhammadu Buhari has diminished<br />

his ability to perform. Excerpts:<br />

By Johnbosco Agbakwuru<br />

HOW do you assess the<br />

two years of President<br />

Muhammadu Buhari’s<br />

g<strong>over</strong>nment?<br />

I speak as a Nigerian and as a<br />

strong member of the Peoples<br />

Democratic Party, PDP. I have<br />

sympathy for President Buhari<br />

because of his illness, but clearly,<br />

g<strong>over</strong>nance has taken a nose<br />

dive for the worse since 2015. If<br />

APC gets out of its propaganda<br />

mood, it will acknowledge that<br />

the value of the Naira to the<br />

value of the dollar has become<br />

unbearable in the last two years.<br />

It was stable before, it did not<br />

exceed N200 per dollar before,<br />

but now it even got to N500 per<br />

dollar.<br />

Propaganda or no propaganda,<br />

that is not good. The cost of<br />

living has increased.<br />

Unemployment especially youth<br />

and graduate unemployment<br />

have worsened, these are bad<br />

indices for any country, and I can<br />

go on.<br />

The excuse that it is 16 years of<br />

PDP that caused the rot is, to say<br />

the least, very irritating and<br />

annoying. This is a g<strong>over</strong>nment<br />

that inherited GSM; this is a<br />

g<strong>over</strong>nment that inherited debt<br />

relief which it is now enjoying,<br />

this is a g<strong>over</strong>nment that is<br />

enjoying the Bonny Liquefied<br />

project, and it is unable to start<br />

the Brass Liquefied project.<br />

It is about projects, it is going<br />

to be about federal colleges, it is<br />

going to be about policing, and I<br />

think that when they get out of<br />

their propaganda mood, and<br />

they evaluate it, they will see that<br />

there is so much to be done. So, I<br />

don’t rate them well at all, but I<br />

have sympathy that the man at<br />

the helm of affairs is trying to<br />

regain his health. I wish him well.<br />

It diminishes our humanity not<br />

to wish any person who is sick<br />

well.<br />

You mention the president’s illhealth.<br />

Were things okay even<br />

before he fell ill?<br />

I was a minister of health,<br />

Buhari’s illness is not a sudden<br />

illness. Buhari has been<br />

managing his illness before he<br />

won the election. The pressures<br />

of campaign exacerbated his<br />

illness, and the pressure of<br />

g<strong>over</strong>nance made it that he,<br />

therefore, requires<br />

hospitalisation. So, I will not go<br />

on that line at all except to wish<br />

him well.<br />

But those managing him should<br />

have seen the danger of not<br />

appointing a cabinet<br />

immediately and waiting for<br />

months.<br />

Former President Olusegun<br />

Obasanjo appointed me on May<br />

29. As the political adviser, I was<br />

given CVs, resumes of all<br />

ministers within 48 hours to one<br />

week of his being the president.<br />

I had confidential copies of<br />

resumes of all those he wanted<br />

to make ministers. And as soon<br />

as the National Assembly was<br />

proclaimed, I got those ministersdesignate<br />

cleared in the National<br />

Assembly within the first two<br />

weeks of his swearing-in so that<br />

Propaganda or<br />

no propaganda,<br />

that is not good.<br />

The cost of<br />

living has<br />

increased.<br />

Unemployment<br />

especially youth<br />

and graduate<br />

unemployment<br />

have worsened,<br />

these are bad<br />

indices for any<br />

country, and I<br />

can go on<br />

each person knew exactly and<br />

President Obasanjo said, this is<br />

what I want you to do, we have<br />

no time to do this. And by that<br />

time, oil was less than 20 dollars<br />

per barrel not 100, not 50, not 40<br />

but less than 20 dollars per barrel.<br />

If everybody will get out of the<br />

propaganda mood again, go and<br />

Google oil prices in the world,<br />

you will see when you are lying.<br />

The debt of Nigeria was $30+<br />

billion, the external reserves that<br />

Obasanjo inherited was less than<br />

$3 billion compared with $30+<br />

billion inherited by this<br />

g<strong>over</strong>nment. Compare with oil<br />

prices inherited by this<br />

g<strong>over</strong>nment, compare it with the<br />

debt relief, they are now sharing<br />

the refund. Somebody made the<br />

debt relief and refund possible.<br />

Instead of being grateful and<br />

building on, you are saying 16<br />

years of PDP rot because you are<br />

fixated on President (Goodluck)<br />

Jonathan, you forget President<br />

Obasanjo who had eight years,<br />

you forget President Yar’Adua the<br />

most honest President to have<br />

ruled this country, who declared<br />

his assets publicly from day one,<br />

he was also ill.<br />

So, I think we should just get<br />

out of the propaganda mood and<br />

focus on g<strong>over</strong>nance, if we do<br />

that, things will start to get better.<br />

But if we start the blaming game,<br />

it is your fault; it is not your fault,<br />

those of us who served previous<br />

PDP g<strong>over</strong>nments can defend<br />

ourselves and can acquit<br />

ourselves very well.<br />

But that is not going to help the<br />

electorate; the electorate want<br />

roads, railways. The railway this<br />

g<strong>over</strong>nment commissioned from<br />

Kaduna to Abuja, who built it?<br />

Was it there before?<br />

What is your opinion on the<br />

current administration’s<br />

application of the principle of<br />

federal character?<br />

The simple answer is no.<br />

Annoyingly no. Brazenly, they<br />

are flaunting it trying to say that<br />

nothing can happen.<br />

Why do you say so?<br />

I will answer you by way of<br />

illustration. Everything you see<br />

in the South-East, the protest, the<br />

IPOB (Indigenous People of<br />

Biafra), everything you are<br />

seeing, the upsurge, is as a result<br />

of the flaunting of the federal<br />

character. When a person is of<br />

the same father with you, and it<br />

is clear to him, we have a saying<br />

in my town Nnewi that if a man<br />

is fighting for his father’s<br />

property and is shaking, you<br />

should subject him to a DNA test,<br />

he is not his father’s son.<br />

The Igbo are fighting that they<br />

are bona fide Nigerians and so<br />

when you are sharing their<br />

father’s property with complete<br />

disregard for them, what can they<br />

do? Any Igbo man who is afraid<br />

to assert himself in Nigeria is not<br />

an Igbo man. That is why people<br />

are not against what IPOB,<br />

MASSOB are doing.<br />

You make many appointments<br />

in the presidency not one Igbo is<br />

appointed. You do police<br />

recruitment; you do DSS<br />

recruitment, you promote or<br />

appoint all senior officers, and<br />

Continues on page 51


VANGUARD, MONDAY, JUNE 5, 2017 — 59<br />

Continued from page 50<br />

the Igbo are not there, no matter<br />

how liberated you are, no matter<br />

how Nigerian you may be, as an<br />

Igbo, it stinks to the high heavens.<br />

So, what is your position on<br />

the agitation of Nnamdi Kanu,<br />

the leader of IPOB calling for a<br />

Biafran Republic?<br />

I was the Secretary of the<br />

Ojukwu burial committee, and I<br />

believe it didn’t come by chance.<br />

I come from the same town with<br />

Ojukwu; I am related to Ojukwu,<br />

I have associated with Ojukwu for<br />

a long time. I was with Ojukwu<br />

when he came back from Ivory<br />

Coast; I was with Ojukwu when<br />

he ran for Senate, we were living<br />

in Enugu.<br />

I am in a position to know<br />

exactly what he thought about<br />

that. I don’t believe that the<br />

proper thing is to Igborise Biafra.<br />

Biafra was not an Igbo concept.<br />

In fact, the name Biafra did not<br />

come from the Igbo. It was two<br />

people from the present Rivers<br />

State that suggested Biafra.<br />

People like me, who left my final<br />

year at the university and got<br />

commissioned in the Biafran<br />

Army, fought in the trenches and<br />

at the end have a completely<br />

different view of the present<br />

attempt to Igborize the Biafra<br />

concept. We are happy that non-<br />

Igbo are realising again and are<br />

back into this matter that it is a<br />

fight against injustice.<br />

It is a fight against pogrom; it is<br />

a fight for survival that nobody<br />

has the right to wake up and<br />

murder his fellow citizen for no<br />

reason. I am now happy that it is<br />

not an Igbo thing. But just like<br />

Biafra, the authority to declare<br />

Biafra was given by Eastern<br />

Nigeria Consultative Assembly.<br />

And after that authority was given<br />

to Ojukwu, it asked him to declare<br />

at the time he did. He didn’t<br />

declare it immediately he was<br />

given the authority. You can now<br />

see the difference here.<br />

There was a discussion, there<br />

was a meeting at Presidential<br />

Hotel Enugu, structured meeting<br />

with members from all <strong>over</strong> the<br />

Eastern Region and only a<br />

fraction was Igbo. So, I think that<br />

three essential ingredients<br />

should be sought by the present<br />

people. The consensus of<br />

everybody and the authority to do<br />

that.<br />

Two, to define what it is all about<br />

and three to articulate how it can<br />

be obtained. People cannot be<br />

forced into it. If you like listen to<br />

them, if you don’t like, don’t listen<br />

to them. Tomorrow, you will get<br />

old and die, and it will continue,<br />

and it will get to the time when<br />

your children and your children’s<br />

children will not be able to enforce<br />

this your current arrogant<br />

posture.<br />

IPOB directed that Ndigbo<br />

should sit at home on May 30 to<br />

honour the past Biafran heroes<br />

that lost their lives during the civil<br />

war, what is your take?<br />

Nnamdi Kanu is entitled as a<br />

Nigerian citizen, as an Igbo<br />

person to call for whatever he<br />

Without propaganda<br />

APC can do better<br />

— ABC NWOSU<br />

desires and those who want to<br />

obey him will obey him.<br />

The difference was that in 1966<br />

Ojukwu was appointed and<br />

given authority as the military<br />

g<strong>over</strong>nor of the East and he had<br />

that authority and he even<br />

subjected himself to our deciding<br />

on that authority. So, I look at it<br />

from that angle. For me, it is not<br />

30th May that is my problem.<br />

Even when I was in g<strong>over</strong>nment<br />

at the federal level, I always<br />

observed (that period) with a lot<br />

of prayer to my God. I never went<br />

out; it was a day of meditation<br />

Biafra was not an<br />

Igbo concept. In<br />

fact, the name<br />

Biafra did not come<br />

from the Igbo. It<br />

was two people<br />

from the present<br />

Rivers State that<br />

suggested Biafra<br />

because 29th May 1966 was a<br />

terrible year for Ndigbo. That was<br />

the day that the pogrom began.<br />

Before July 29, there was May<br />

29, and those who don’t know<br />

what happened on May 29 are<br />

excused from whatever they do,<br />

but I carry the burden of that<br />

history and I knew that that was<br />

the day people started killing<br />

Igbo and the Igbo started running<br />

and realised that they were no<br />

longer safe.<br />

So, for me, that day even if I<br />

feel like going out for a drink, I<br />

stay inside home holding my<br />

rosary and praying to God to<br />

cleanse our national soul from<br />

that evil that happened that 29th<br />

May. So you can see that I have<br />

a totally different attitude that has<br />

nothing to do with Nnamdi Kanu<br />

because I don’t even know when<br />

he was born. He wouldn’t even<br />

know what I am talking about.<br />

He probably lost no one he can<br />

remember being brought home<br />

that day. It is like remembering<br />

the anniversary of your father who<br />

died in an unfortunate<br />

circumstances; it is different from<br />

what he is doing. So that is how I<br />

look at it.<br />

Did you encourage members<br />

of your household to obey the<br />

stay at home order on 29th May?<br />

I am one person created by God.<br />

I have told you what I will do. I<br />

will stay at home May 26, May<br />

27, May 28, May 29, May 30 and<br />

up to June 1st. Why? Because it<br />

was from May 26 and 27 that the<br />

meetings were held, the<br />

mobilisation done on the 27th, the<br />

peoples’ burst to the centres<br />

where the killings would take<br />

place and 29th the actual killings<br />

took place and were not stopped<br />

until about June 1st when the<br />

leaders went to the g<strong>over</strong>nor of<br />

Northern Region then and sued<br />

for peace.<br />

I was in my final year at the<br />

university when this was<br />

happening, and I pray for this not<br />

a matter of unforgiveness.<br />

Forgiveness is not the thing; it is<br />

cleansing, blood is not water. So<br />

for me as a human being seeking<br />

to carry back my soul to the creator,<br />

26, 27, 28, 29, 30, June 1st for me<br />

means a period of purification, a<br />

period of cleansing.<br />

EKITI 2018: I'll step down<br />

if you find a better<br />

legislator — DARAMOLA<br />

A MEMBER of the Seventh House of Representatives and<br />

G<strong>over</strong>norship Aspirant on the platform of the All<br />

Progressives Congress, Bimbo Daramola told a select<br />

Journalists in Ado-Ekiti that two years is too small to clear<br />

the gargantuan mess left behind by the 16 years of Peoples<br />

Democratic Party rule, he also agreed with the immediate<br />

past G<strong>over</strong>nor of Ekiti State and the current Minister of<br />

Solid Minerals Development, Dr Kayode Fayemi that Ekiti<br />

2014 Gubernatorial election remained an unfinished<br />

business. Excerpts:<br />

By Rotimi Ojomoyela<br />

NIGERIANS<br />

are<br />

complaining that they are<br />

yet to see the results of change<br />

promised by your party in the<br />

2015 Presidential Election. What<br />

is your take on this?<br />

I don’t want to say people are<br />

insatiable but it is like a man who<br />

has been thirsty and he is looking<br />

for an opportunity to get some<br />

water to drink or to quench his<br />

thirst.<br />

Unfortunately, he gets to an<br />

oasis, ordinarily where he<br />

expects that there would be<br />

water, and of course there was<br />

water but he finds out that the<br />

water has been poisoned.<br />

We must be able to reconcile the<br />

expectations of Nigerians and<br />

the realities of the 16 years of PDP<br />

g<strong>over</strong>nment. So what we should<br />

be looking out because there is<br />

no magic wand anywhere.<br />

Are you claiming that the<br />

promises made by your party<br />

have been fulfilled?<br />

Agreed, the APC made<br />

promises to Nigerians and we<br />

own up to those promises.<br />

Agreed, APC may not have met<br />

the expectation of the people in<br />

two years, but the truth of the<br />

matter is that, I believe strongly<br />

that the APC has not lost currency<br />

Let me tell you that I have been<br />

around in Ekiti, since 2006.And<br />

I want to tell you that I know Ekiti<br />

very well like every other person<br />

or may be more than some of the<br />

people who are also jostling for<br />

the gubernatorial seat with me.<br />

What do you have in stock for<br />

the party and the people of the<br />

state?<br />

The question is how much do I<br />

know these people? How much<br />

of Ekiti people do you know? And<br />

I modestly say today that I know<br />

where the shoe pinches.<br />

If you need to know a man,<br />

then go back to his reputation. I<br />

humbly can say that in the years<br />

that our people have been going<br />

to the House of Representatives<br />

and the Senate, I dare anybody<br />

to tell me if there is anyone who<br />

has moved more motions on the<br />

floor of the House than I did from<br />

1999 to date.<br />

If I can get anyone who<br />

surpasses me, I tell you I won’t<br />

run for g<strong>over</strong>norship again. I am<br />

talking about impactful motions.<br />

I also want someone to tell me<br />

who has been a member of<br />

serious ad-hoc committees in<br />

•Daramola<br />

either of the chambers.<br />

Then, in terms of constituents<br />

and constituency relations, I.m<br />

more than ready to present my<br />

sore cards to Nigerians.<br />

And I have told you that if after<br />

two years in office as g<strong>over</strong>nor, I<br />

don’t point the state to the path<br />

of development and grace, I will<br />

tender my letter of resignation.<br />

The June 2014, G<strong>over</strong>norship<br />

election in Ekiti State has been<br />

described by Dr Kayode Fayemi<br />

as an unfinished business, what<br />

is you take on this as the Director<br />

General of JKF Campaign<br />

organization at that time?<br />

I’m drawing inspiration from the<br />

unfinished business and I agreed<br />

with Dr Fayemi, that it is an<br />

unfinished business. It will forever<br />

be an unfinished business, we<br />

can never get to the end of it, that<br />

anybody will be able to distil and<br />

find out what happened and how<br />

did Ekiti go down on the 21st of<br />

June, 2014. It will forever be an<br />

unfinished business till historians<br />

will come.<br />

Dr Fayemi represented an idea<br />

that we all believed. I’m<br />

interested in what becomes of that.<br />

I do not know how this business<br />

will be finished, the best way to<br />

finish the unfinished business is<br />

to get our state back next year.<br />

That will help us to even take<br />

an informed inquisition into what<br />

happened.<br />

The truth of the matter is that,<br />

that business cannot be concluded<br />

in the space between now and<br />

2018. More than anything else,<br />

we need to prepare and seriously<br />

too and I’m not too happy.<br />

The party needs to be energized<br />

to be able to stand against a man<br />

on ground in his own way like<br />

Dr Peter Ayodele Fayose, you<br />

can’t deny that.


60 --- Vanguard, MONDAY , JUNE 5 2017<br />

EDITED BY EMEKA AGINAM<br />

Conduct referendum now,<br />

IPOB tells FG<br />

Walla Amos<br />

they want.<br />

You are totally out of point here.<br />

How do you expect the Federal<br />

G<strong>over</strong>nment to conduct<br />

referendum when referendum<br />

is not in the constitution? Better<br />

think right<br />

Abubakar Umar Isa<br />

The enemy of Ndigbo is<br />

Ndigbo itself. I remember a<br />

time in this country when all<br />

the six ministers in Jonathan’s<br />

kitchen cabinet were all Igbo’s.<br />

Ayim Pius Ayim was SGF, Ngozi<br />

Okonjo Iwealla was in charge<br />

finance, Emeka Wogu was in<br />

Labour and productivity, Berth<br />

Nnaji was in Power and<br />

Energy, Dieziani Madueke<br />

was the powerful minister for<br />

oil. The 6 of them outside d<br />

Federal Executive Council<br />

would meet and decide what<br />

and what not to be discussed<br />

at d larger FEC. Whatever they<br />

decided will eventually be the<br />

position of g<strong>over</strong>nment. In six<br />

years, this was the situation.<br />

Okiro and Onovo had d police<br />

under<br />

Obiwale Adewale<br />

I doubt if they even know what<br />

UnapologeticallyYoruba<br />

Unfortunately for IPOB, they<br />

are in no position to make such<br />

demands of an elected<br />

g<strong>over</strong>nment in a democracy.<br />

You have G<strong>over</strong>nors and<br />

member of the National<br />

Assembly representing the<br />

South East in this<br />

administration. They are the<br />

ones any responsible<br />

g<strong>over</strong>nment will listen to<br />

Namy Unapologetically<br />

Yoruba<br />

There are different types of<br />

Referendum . Wether<br />

referendum is in the<br />

constitution of a country or not,<br />

your stand on referendum is<br />

like slaves who want freedom<br />

must go to their slave owners<br />

and ask for permission to be<br />

free, and their slave masters<br />

shall tell the slaves, if you<br />

agree among yourselves to be<br />

free, you can go<br />

WJasper Namy<br />

The means to get a referendum<br />

is by first amending the<br />

Constitution, then your elected<br />

•Igbo leaders<br />

representatives will move a<br />

motion in the National<br />

Assembly after which it will<br />

be adopted by a simple<br />

majority, INEC will now<br />

conduct the referendum and<br />

51% of the people must say yes.<br />

So follow the process and stop<br />

t<br />

Yorubaronu Ebele Olisah<br />

I beg to disagree with the<br />

notion of disintegration of<br />

IPOB. Nobody gives a toss to<br />

the agitators. What is<br />

happening is just a comedy of<br />

the absurd going round and<br />

round. The earlier the better<br />

they have representation in the<br />

<strong>NASS</strong> the better for the so called<br />

‘referendum’.<br />

Ebele Olisah Yorubaronu<br />

Same here . I’m here for<br />

entertainment purposes. The<br />

issue of Biafra has gone beyond<br />

social media caricature.<br />

Buhari at 2: Why some Nigerians don’t<br />

want to accept change — Lai Mohammed<br />

Oforleta Chibuzor Victor<br />

Which change is the minister<br />

talking about? Positive or<br />

negative change? Change from<br />

bad to worse, I no want your<br />

change again<br />

Night Crawler<br />

Change is the only constant<br />

thing in life and it has come to<br />

stay. This administration is<br />

doing everything in its power<br />

to clean the mess of previous<br />

administration. Soon we will<br />

leave our past behind and focus<br />

on the future. Join the moving<br />

train when others are<br />

progressing else you will be left<br />

behind<br />

Höly Wähala<br />

Do you know what economic<br />

recession is all about? If so, do<br />

you know that on average it<br />

takes 18 months to come out of<br />

a typical economic recession<br />

evidenced by Greece and<br />

Spain in the EU much less<br />

Nigeria in third World? Pal, if I<br />

run the numbers by you most<br />

of you here will get a heart<br />

attack. Nigeria is in her fifth<br />

straight quarter of negative<br />

GDP growth and caught in<br />

comatose recession yet, you are<br />

there talking about a moving<br />

train in messy quicksand.<br />

dele20 Night Crawler<br />

This administration is<br />

unique, creative and<br />

innovative in the way of ruling<br />

this nation<br />

progressive<br />

Chibuzor Victor<br />

Oforleta<br />

•President Buhari<br />

How would you see the<br />

change when corruption has<br />

eaten the social fabric of the<br />

nation?<br />

dele20 Sincere-Voice<br />

This administration has<br />

positively reflected on our<br />

nation as change is everywhere<br />

Barack Obama<br />

Forever grateful for the service and<br />

sacrifice of all who fought to protect our<br />

freedoms and defend this country we love.<br />

larry Iloh @larryIloh<br />

Paxman on Theresa May Battle For<br />

Number10: A blow hard that collapses at first<br />

sign of gunfire... on her avalanche of U-turns<br />

United Nations<br />

Climate change is undeniable<br />

APC primaries crisis: Casualty now two as<br />

protesters sack party’s state secretariat<br />

Oluwole Awonuga<br />

APC should henceforth be doing written<br />

examination for their aspirants. After the<br />

written exam, they should do oral and<br />

practical tests. This will assist the party in<br />

assessing the mental capability and the<br />

preparedness of aspirants for elective<br />

positions. This will enable the party to<br />

weed miscreants from elections<br />

Chukwudi Felix Atueyi<br />

Nigeria is now officially a movie full of<br />

Actors. Acting President, Acting EFCC<br />

Chairman.... I can’t wait for the complete<br />

movie.<br />

bobisa<br />

When you have greedy and mischievous<br />

elders running things, it always ends like<br />

this. When you take delight in shedding<br />

human blood all in the name of elections<br />

Nwa_Afrique<br />

Tinubu must allow internal democracy<br />

in Lagos APC. Enough of the imposition<br />

of candidates.<br />

unbiasedjudge<br />

TRENDING ON THE TWITTER<br />

WHO<br />

It’s World No Tobacco Day. Tobacco<br />

threatens our future. Tobacco damages<br />

our health. We can beat tobacco. Say<br />

no Tobacco<br />

Abike Dabiri-Erewa<br />

The reward for hard work is more<br />

work<br />

UN Peacekeeping<br />

UN Peacekeepers day! Now, more<br />

than ever, it is essential that we<br />

PDP does not need to worry about APC in<br />

2019 because I know they will massacre<br />

themselves all, just for the primaries.<br />

Fidelis C. Obodoeze<br />

APC is worse than PDP. PDP spent 16 years<br />

and bred evil but in just two years APC has<br />

bred far worse evil in the country.<br />

Daniel Dalon<br />

APC has now become the new PDP. PDP took<br />

up to 12 years in power to become insensitive<br />

to its voters wishes and began to impose<br />

candidates on its constituents. APC is doing it<br />

in record time - less that two years.<br />

continue investing in peace<br />

Segun Oruame<br />

Nigeria Democracy Day is time<br />

to ponder if the APC merely brought<br />

a change of g<strong>over</strong>nment or truly<br />

brought change to Nigeria<br />

United Nations<br />

When you vote, think of your<br />

grandchildren on how people can<br />

take climate action.


Vanguard, MONDAY, JUNE 5, 2017—61<br />

:Vanguard News :@vanguardnews :@vanguardnews NEWS HOTLINES: 08052867023, 08052867058<br />

RECALL OF JUDGES:<br />

Lawyers back NJC as Sagay kicks<br />

Continues from Page 5<br />

Mr. Dayo Akinlaja,<br />

SAN, said: “My candid<br />

view is that there is<br />

absolutely no legal<br />

impediment against<br />

recall of the suspended<br />

judges that have no<br />

corruption cases<br />

pending against them.<br />

In the first place, they<br />

were suspended not<br />

because that was what<br />

the law dictated, it was<br />

purely to pamper public<br />

sentiment at that time.<br />

“The NJC, I believe,<br />

took the decision then to<br />

assuage public feeling.<br />

It was a spontaneous<br />

reaction that was made<br />

on the spur of the<br />

moment. I don’t think<br />

there is any reason<br />

whatsoever they should<br />

not be recalled since<br />

nothing has been pinned<br />

against them.<br />

“However, taking into<br />

consideration that one of<br />

the Judges, Justice<br />

Ademola, was arraigned<br />

and had been<br />

discharged and<br />

acquitted by the trial<br />

court. The issue or<br />

argument that his matter<br />

is already on appeal may<br />

raise some moral<br />

questions. This is<br />

considering that the<br />

appellate court could<br />

still direct that he should<br />

go back and face trial<br />

before the court of first<br />

instance, that is if the<br />

appeal is decided<br />

against him.<br />

“Therefore, his own<br />

case is somehow<br />

different. But even at<br />

that, it still boils down to<br />

the issue of morality.<br />

Issue of morality takes a<br />

bow when confronted by<br />

the law. When morality<br />

and the law meet,<br />

morality certainly gives<br />

way to the law.”<br />

Another lawyer, Chief<br />

Sebastian Hon, SAN,<br />

also applauded the NJC<br />

<strong>over</strong> the decision,<br />

describing it as a most<br />

welcome development.<br />

“The NJC, even<br />

though is, under the<br />

Constitution, not subject<br />

to any body’s direction<br />

or control, decided to<br />

tacitly support the anticorruption<br />

drive of the<br />

g<strong>over</strong>nment in the first<br />

place by suspending<br />

those judicial officers —<br />

even when they were not<br />

arraigned and convicted.<br />

“Since the Executive<br />

could not arraign them<br />

or secure conviction, the<br />

NJC just did the needful,<br />

as some of us urged<br />

them to do. No country<br />

treats its citizens the way<br />

those judicial officers<br />

were treated; and the<br />

NJC just woke up to its<br />

constitutional and moral<br />

responsibility - by taking<br />

this bold step.”<br />

Speaking in similar<br />

vein, Mr. Chris Ebare, a<br />

maritime lawyer, said the<br />

development was<br />

welcome and good for<br />

both the judiciary and<br />

the nation because after<br />

the saga, Nigerians have<br />

had a different<br />

perception of the of the<br />

judiciary.<br />

Ebare also said that<br />

since the judges had<br />

been found not to be<br />

culpable, there should be<br />

no need for the<br />

suspension to continue.<br />

“The NJC is a credible<br />

institution that will not<br />

support any form of<br />

injustice and corruption.”<br />

For Chris Asoluka, a<br />

former Commissioner in<br />

Imo State, it is within the<br />

purview of the NJC to<br />

review the suspension of<br />

the judges, which it had<br />

done.<br />

NJC’s decisions can be<br />

defended in only a few<br />

cases — OTTEH<br />

Joseph Otteh, Director,<br />

Access to Justice, said<br />

“Concededly, there are a<br />

few instances where the<br />

NJC’s decision can stand<br />

up to scrutiny: the failure<br />

of the g<strong>over</strong>nment to<br />

formally bring charges<br />

against some of the<br />

judicial officers accused of<br />

corruption after many<br />

months of investigation<br />

would be taken to mean<br />

that, in spite of all the<br />

grandstanding and<br />

boisterous noisiness in<br />

defence of its “sting”<br />

operations, the<br />

g<strong>over</strong>nment has nothing<br />

on them at the end of the<br />

day, notwithstanding that<br />

it had tarred everyone<br />

with the same brush. For<br />

the future, the<br />

g<strong>over</strong>nment must reflect<br />

and learn from its<br />

misjudgements and<br />

forwardness, when it<br />

comes to investigating<br />

allegations of corruption<br />

against Judges. No<br />

judicial officer should<br />

have to go through the<br />

terror of being so publicly<br />

humiliated in the absence<br />

of strong and compelling<br />

justification.<br />

“However, not all the<br />

cases fall into this<br />

category; some judges<br />

have been charged to<br />

court and proceedings are<br />

still continuing against<br />

them. The NJC’s en-bloc<br />

recall of the Judges on its<br />

current list papers <strong>over</strong><br />

the cracks. One of the<br />

judges on its list is<br />

currently charged before<br />

the Code of Conduct<br />

Tribunal even though he<br />

has not been formally<br />

arraigned at this time.<br />

Some others are named in<br />

several other indictments<br />

against persons they are<br />

said to have acted in<br />

concert with. Some of the<br />

evidence elicited during<br />

the trial of some of the<br />

judges on the list are<br />

extremely perturbing.<br />

While a court may not see<br />

fit at this time to conclude<br />

that the evidence<br />

tendered at trial yet<br />

reaches the thresholds to<br />

convict for a criminal<br />

offence, the evidence<br />

non-the-less creates deep<br />

impressions about the<br />

weaknesses of the<br />

Nigerian judiciary in the<br />

minds of reasonable<br />

observers of the trial and<br />

should not be swept under<br />

the carpet.<br />

“It is important to note<br />

that the NJC does not<br />

itself have powers to<br />

undertake criminal<br />

prosecutions but it has its<br />

own sphere of disciplinary<br />

responsibilities and<br />

authority <strong>over</strong> Judges.<br />

The Judiciary has a Code<br />

of Conduct for judicial<br />

officers: whether or not<br />

the provisions of that code<br />

have been broken is a<br />

legitimate and expedient<br />

inquiry that the NJC<br />

needs to pursue quite<br />

apart from whatever is the<br />

outcome of a criminal trial<br />

prosecuted by third<br />

parties.<br />

“We think that the NJC’s<br />

recall decision suffers<br />

from two major flaws: first,<br />

it did not make a<br />

plausible differentiation<br />

and distinction regarding<br />

the respective situations of<br />

the various Judges on its<br />

list. It treated different<br />

cases alike and literarily<br />

gave everyone, deserving<br />

or not, a free pass.<br />

“Second, given the<br />

inexorable necessity of<br />

restoring public<br />

confidence to the<br />

Judiciary, the NJC ought<br />

to have done more to<br />

demonstrate that we are<br />

not returning to the status<br />

quo ante, or returning to<br />

the state of “normal”<br />

Nigerians had been used<br />

to in matters relating to<br />

judicial integrity. The NJC<br />

has a responsibility, quite<br />

apart from what third<br />

parties (such as<br />

prosecutors) do, to police<br />

the Judiciary and<br />

safeguard the integrity of<br />

the judicial institution.<br />

“We do no think the NJC<br />

has sufficiently<br />

discharged that obligation<br />

to its fullest extent before<br />

recalling the Judges. The<br />

NJC ought to have<br />

adopted a more proactive<br />

standard that will ensure<br />

that all misconduct<br />

allegations against<br />

Judges, irrespective of the<br />

existence of criminal<br />

proceedings related to<br />

them, and irrespective of<br />

whether those allegations<br />

are referred to the Council<br />

by anyone else, are<br />

thoroughly investigated<br />

by the Council to insure<br />

that no one whose<br />

conduct has been the<br />

subject of reasonable<br />

suspicion, is again asked<br />

to sit in judgment <strong>over</strong><br />

others. By asking the<br />

Judges to be recalled enbloc,<br />

the NJC gives the<br />

public the impression that<br />

our Judiciary is quite<br />

content to remain in its<br />

un-regenerated,<br />

uninspiring form.”<br />

AGM: From left— Mrs Oyindamola Ehiwere, Company Secretary; Mr Osaro<br />

Isokpan, Chairman and Mrs Hamda Ambah, MD/CEO, all of FSDH Merchant<br />

Bank, at the company's Annual General Meeting in Lagos. Photo: Akeem<br />

Salau.<br />

SUMMIT: From left— CEO, Spectranet 4G LTE, David Venn; Chairperson,<br />

Alliance for Affordable Internet, A4AI, Dr. Omobola Johnson; and Director,<br />

Technical Standard & Network Integrity, Nigerian Communications Commission,<br />

NCC, Mr. Fidelis Onah; at the Broadband Summit 2017 organised<br />

by BusinessDayin Lagos.<br />

LAUNCHING: From left— Gansirey Seck, Regional Manager, Misys West<br />

Africa; Mitchell Elegbe, Group Managing Director, Interswitch; Chinyere Don-<br />

Okhuofu, Divisional Chief Executive Officer, Interswitch Industry Vertical<br />

Markets and Carlos Teixera, Head of Corporate Banking, Global Solutions<br />

Group at Misys IMEA, during the launch of the partnership between<br />

Interswitch and Misys in Nigeria & Digital Trade & Cloud event in Lagos.<br />

Photo: Akeem Salau.<br />

SUMMIT: From left— MD/CEO, Main One, Funke Opeke; Director, Strategy,<br />

Airtel Nigeria, Tenu Awoonor and Managing Director, Vodacom Nigeria,<br />

Lanre Kolade, at the 2017 Broadband Summit organised by BusinessDay in<br />

Lagos.


62 --- Vanguard, MONDAY, JUNE 5, 2017<br />

Dammy Krane’s predicament:<br />

It takes a dragon<br />

heart to be me,<br />

he once posted<br />

on social media<br />

..as Tapjets vows to prosecute him<br />

Stories by Benjamin Njoku<br />

Popular Nigerian singer, Oyindamola Emmanuel a.k.a Dammy Krane<br />

once posted on social media that “It takes a dragon heart to be me.”<br />

That post, which he made on the 15th of December, 2015, may have<br />

come to fruition following his present predicament.<br />

Dammy Krane was arrested in Miami, the United States, last Friday, for<br />

credit card fraud. An American private jet service, Tapjets, had reported<br />

the singer to the Police, claiming that Dammy Krane booked for their<br />

service using details of a stolen card.<br />

According to the private jet service company, “This was why we<br />

reported the singer to the police and he was arrested for credit card<br />

fraud, grand theft and identity theft.”<br />

“Our policy is to prosecute to the fullest extent,” the company wrote<br />

on their Twitter handle.<br />

Meanwhile, undeterred Dammy Krane shared a post on his Twitter<br />

handle, saying, this is the time he will know his true friends. “In<br />

weird situations like this, you will start to see, who is with you and<br />

who isn’t. No fake love,” he wrote, adding, “See ehn… Understanding<br />

is a three-edged sword. Your side, my side, and the truth. Make<br />

dem talk.”<br />

Reacting to Dammy Krane’s arrest, Special Spesh, who is the Head of<br />

Corporate Sponsorship for DMW/HKN, the record label where the singer<br />

is signed to, posted a video with the caption, “ We dey togeda!!!!! #jetlife!!!!<br />

#diafada we are all scammers even your fathers are scammers and cheats<br />

once they see the opportunity to make and gain extra dem go put head!!!!!<br />

its a Nigerian p!!!!!” Dammy is currently in jail, pending when he meets<br />

his bail requirements. Believe it or not, his post.<br />

•Peace Anyiam<br />

•Dammy Krane<br />

Five star music drops<br />

manager, Soberekon<br />

Five Star music has announced that it has<br />

dropped its former manager Soso Soberekon<br />

in the bid to strengthen the record label, skills<br />

and improve its strategy and relationship with<br />

clients.<br />

This was made known by Kcee, the younger<br />

brother of the CEO of the record label, Emeka<br />

Okonkwo a.k.a E-money.<br />

According to a statement he posted on his<br />

Instagram page, weekend, Kcee said, “Five<br />

Star Music unveils new expansion and growth<br />

plans. As the label continues to grow , it is<br />

also important to grow our man power,skills<br />

and clients relations. In view of this ,the label<br />

has officially appointed a new manager<br />

.Henceforth all bookings and activities relating<br />

to Five Star music should be directed to Mr Dike<br />

Chidozie.”<br />

— AMAA boss, Peace Anyiam-Osigwe<br />

‘Why corporate Nigeria need to support us’<br />

AHEAD of the hosting of this year’s edition of<br />

the prestigious Africa Movie Academy<br />

awards,AMAA, founder of the body, Peace Anyiam-<br />

Osigwe, went down memory lane during the week,<br />

declaring that the transparency and integrity of<br />

AMAA jury members are the rare qualities that set<br />

the brand apart from other award organizations in<br />

Nigeria.<br />

Peace,made this clarification during an<br />

interactive session with journalists in Lagos. This<br />

year’s AMAA awards is scheduled to hold on<br />

Saturday, July 15, at the National Theatre<br />

complex, Iganmu , Lagos.<br />

According to her, although, the<br />

uncompromising firm stand of AMAA jury<br />

members has earned the brand a bad name<br />

than it has given it a good name, the past 13<br />

years has seen AMAA moved away from being<br />

an African brand to a global brand.<br />

Reviewing the activities of AMAA in the past<br />

13 years, Peace said, apart from rewarding<br />

movie stars in Africa, AMAA has trained <strong>over</strong><br />

5000 youths in film making. Besides, “Toronto<br />

Film Festival did not just happen. We invested<br />

by ensuring that jury members of these<br />

international film festivals are part of AMAA.<br />

It’s important we begin to make that<br />

evaluation between what is a sustainable event and event that survive<br />

on its own.”<br />

On competing with the organizers of Africamagic Viewers Choice<br />

Awards, AMVCA, Peace noted that they are not in competition with<br />

any award organization. “Dstv gives AMAA major support in terms<br />

Anitajosephfanspage<br />

When you give importance to people,<br />

they think that you are always free. But<br />

they don’t understand that you make<br />

yourself available for them every time...<br />

Appreciate each person that gives you<br />

his or her time.<br />

Realangelaokorie<br />

Thank you lord for my life, thank you for<br />

everything , without you am nothing,<br />

without you i would have been dead, i<br />

am not better than the one’s that are dead,<br />

but because of your grace and mercy you<br />

kept me. I surrender all to you, you alone<br />

deserve all the praise. Thank you for<br />

loving me.<br />

Jim.iyke<br />

When MEN visits late to decide the next<br />

course of affairs. Young Democratic party<br />

founder, Hon Henry Nwabueze, H.E<br />

Ikedi G.Ohakim and DG Young<br />

Democratic party. #Blessed<br />

#NextChapter #YDP #GodChosen<br />

#Gladysboi #AbujaNiteChronicles<br />

Bankyadesua<br />

With the right person, you don’t have to<br />

work so hard to be happy. It just happens,<br />

effortlessly...<br />

So much joy in one picture =ØÞd’þ<br />

@eLDeeTheDon<br />

Worrying about the possibility of failure<br />

is the reason most people don’t start, but<br />

failure is part of growing, it is necessary.<br />

•Kcee<br />

We are not competing with AMVCA<br />

of c<strong>over</strong>age. So, we don’t see them as our competitors. We are not in<br />

competition with AMVCA. We have Best of Nollywood Awards,BON,<br />

and other award bodies. For me, the more the merrier. You should<br />

look at what makes you different. What makes AMAA different is the<br />

transparency in our selection process and the fact that it’s totally based<br />

on merit. The transparency and integrity of our jury members are<br />

part of the things that our critics are using to give us a bad name,”<br />

she said.<br />

Speaking further, Peace said, “AMAA is more respected by AMVCA.<br />

AMAA is not a voting awards. I heard some people were questioning<br />

why films like ‘’76' which got many nominations, including in the<br />

Best Director of Cinematography at AfricaMagic Viewers Choice<br />

Awards couldn’t get nominations at AMAA. I replied them, saying<br />

they should evaluate the quality of the films in competition this year.”<br />

Peace believes that after 13 years of existence, AMAA supposed to<br />

be a strong brand that corporate Nigeria should be willing to do<br />

business with. “I can’t understand why we can’t have major<br />

sponsorship. I’m trying to move away from g<strong>over</strong>nment support for<br />

AMAA. But G<strong>over</strong>nment need to feel the value of tourism. And we<br />

understand the valuation of tourism and what AMAA brings to the<br />

table. It’s not just an award that brings a lot of people into the country,<br />

but how do you know make use of those people to impact on your<br />

economy through tourism.”<br />

“That’s what I think Bayelsa State missed it when the state was<br />

hosting the awards ceremony. There has never been an evaluation<br />

of the movie industry and there has never been an evaluation of what<br />

AMAA has brought into the nation’s economy in the past 13 years.<br />

AMAA has ensured that our films break into the international film<br />

circuit.”<br />

Peace, however, revealed that part of the reasons she technically<br />

stepped aside in 2014, was to make the AMAA brand self-sustainable.<br />

“I didn’t want it to be about Peace,” she enthused.


Vanguard, MONDAY, JUNE 5, 2017 — 63<br />

AFCON qualifier: Eagles'<br />

preparations halfway through<br />

The Super Eagles are<br />

halfway through<br />

their preparations for the<br />

upcoming AFCON 2019<br />

qualifiers against South<br />

Africa, thanks to the 10-<br />

day training tour they<br />

had in France.<br />

Camp sources said<br />

coach Gernot Rohr tried<br />

various formations<br />

during drills before<br />

settling for two different<br />

formations based on how<br />

South Africa play.<br />

The source further<br />

revealed that because<br />

the coach had already<br />

settled for how they want<br />

to play against South<br />

Africa, he gave the<br />

players two days rest<br />

before training resumes<br />

today in Abuja, ahead of<br />

the June 10 cracker.<br />

“We already know how<br />

we are going to approach<br />

the game against South<br />

Africa from our training<br />

tour in France. So I can<br />

say we are halfway<br />

through<br />

our<br />

preparations for the<br />

game”, one of the<br />

players confirmed.<br />

“During our training<br />

tour in France we did a<br />

lot of drills regarding<br />

formations before<br />

settling for two<br />

formations. The coach<br />

said the formation to<br />

apply would be<br />

GREAT COMPANY: Mr. Francis Peters, Deputy<br />

MD, Aiteo Group (which signed up as NFF’s<br />

biggest–ever partner some weeks ago) (r) with<br />

FIFA President Gianni Infantino (l) in Cardiff,<br />

Wales venue of the UEFA Champions League final<br />

on Saturday.<br />

Rohr, Eagles skipper meet NFF<br />

bosses <strong>over</strong> cash<br />

Continued from back<br />

page<br />

bad as regards our<br />

bonuses, allowances<br />

and even ticket<br />

refunds,” said one of<br />

the affected players.<br />

Officials have already<br />

promised the Eagles<br />

will be paid the win<br />

bonus for the World<br />

Cup qualifier in<br />

Zambia in October last<br />

year.<br />

Nigeria won 2-1 in<br />

Ndola, but the players<br />

are yet to be paid the<br />

$5,000-a-man bonus<br />

several months after.<br />

“The players have<br />

again submitted their<br />

bank details and there<br />

is some hope they will<br />

now get this payment<br />

from the NFF,” .<br />

In the meantime, the<br />

Eagles are scheduled to<br />

train today evening at<br />

the Abuja National<br />

Stadium before they fly<br />

out to Uyo ahead of<br />

Saturday’s AFCON<br />

qualifier against South<br />

Africa.<br />

Kick-off time in Uyo is<br />

5pm.<br />

dependent on how our<br />

opponents approach the<br />

game,”the player said.<br />

“There is no point for<br />

Nigerians to worry <strong>over</strong><br />

the break given to the<br />

players. They needed a<br />

breather, after ten days<br />

drilling in France which<br />

included two friendly<br />

games against Corsica<br />

and Togo”, the played<br />

stressed.<br />

Edo U-13 tourney: Use<br />

sports to eradicate<br />

crime, Imafidion tasks<br />

Gov Obaseki<br />

The cup donor and<br />

financier of the<br />

just concluded Edo U-13<br />

football championship,<br />

Mr. Gregory Imafidon has<br />

charged the Edo State<br />

g<strong>over</strong>nor, Godwin<br />

Obaseki, to channel 40%<br />

percent of the state’s IGR<br />

into sports development<br />

programmes.<br />

The Edo-born USbased<br />

ex-player stated<br />

this while presenting gift<br />

items and a giant gold<br />

trophy and medals to the<br />

winners of the competition<br />

at the Samuel Ogbemudia<br />

staching Benin City.<br />

“I am very happy<br />

watching these wonderful<br />

kids display various<br />

football artistry here at the<br />

Samuel Ogbemudia<br />

Stadium. You can see that<br />

they are elated and<br />

smiling home with the gift<br />

and cash prize. It is a big<br />

day to me. This is the main<br />

reason why this<br />

g<strong>over</strong>nment of Godwin<br />

Obaseki showed channel<br />

just a little percentage of<br />

the state funds into<br />

developmental sports<br />

programmes”.<br />

Itel Mobile uses football to fight<br />

drug abuse<br />

As part of its<br />

intensified<br />

efforts to promote<br />

healthy living and safety<br />

in the society, itel<br />

mobile, one of the<br />

world’s largest makers<br />

of mobile phones, has<br />

taken to Nigerian<br />

campuses to sensitize<br />

students on the danger<br />

of drug abuse and how<br />

they can prevent<br />

themselves from it.<br />

The campaign which<br />

is aimed at arresting<br />

the worrisome rate of<br />

drug abuses among<br />

Nigerian students, was<br />

part of the company’s<br />

Corporate Social<br />

Responsibility (CSR).<br />

Recall that cases of<br />

drug abuses have<br />

become rampant on our<br />

campuses, with the<br />

unhealthy practices<br />

causing deaths or<br />

deformations in some<br />

instances, while in<br />

some, it led the<br />

students<br />

to<br />

unwholesome<br />

behaviours, which<br />

threatens the peace<br />

and stability of the<br />

society.<br />

In order to address<br />

this challenge, itel<br />

sponsored a 5-aside<br />

football tournament<br />

tagged “Powerball<br />

Tournament”, which<br />

focused on sensitizing<br />

the students on the<br />

hazard of drug abuse<br />

and how to guide them<br />

against it.<br />

Juve rake in • 109m from<br />

Champions League<br />

Juventus lost the<br />

Champions<br />

League Final to<br />

Real Madrid, but still<br />

earned more from the<br />

tournament this season<br />

than any other club:<br />

• 109m.<br />

The Bianconeri were<br />

beaten 4-1 in Cardiff<br />

and a victory would’ve<br />

generated income of<br />

• 113m from UEFA,<br />

sponsors, TV rights<br />

and ticket sales.<br />

Chelsea<br />

attacker<br />

Eden Hazard<br />

would consider a move<br />

to Real Madrid if the<br />

Champions League<br />

winners were to make<br />

an approach.<br />

“Of course, I would<br />

consider it if Madrid<br />

made an offer,” Hazard<br />

told reporters.<br />

“I am keen to win<br />

trophies. It would be<br />

great to win the<br />

Champions League.<br />

But Chelsea’s goal is to<br />

win the Champions<br />

League as well.<br />

Honestly, I do not know<br />

what will happen.<br />

“I only know that I<br />

Ronaldo<br />

Defeat proved to still<br />

be very lucrative<br />

indeed, as Calcio E<br />

Finanza note they<br />

pocketed • 109m<br />

through their<br />

participation in the<br />

Champions League.<br />

That’s more than any<br />

other club this season,<br />

as winners Real Madrid<br />

took home just • 80.9m.<br />

Juve are also the first<br />

side ever to break the<br />

• 100m barrier for<br />

Champions League<br />

revenue.<br />

This is largely due to<br />

the market pool, as<br />

there were only two<br />

Italian entrants this<br />

season, Roma going out<br />

in the preliminary<br />

round against Porto.<br />

Juve only had to split<br />

the TV rights for Italy<br />

with Napoli, who were<br />

eliminated by Real<br />

Madrid in the Round of<br />

16.<br />

Ronaldo: A new era<br />

has begun<br />

Real Madrid have<br />

laid<br />

the<br />

foundations for a<br />

lasting dynasty in<br />

Europe after claiming<br />

three Champions<br />

League titles in four<br />

seasons under Carlo<br />

Ancelotti and<br />

Zinedine Zidane.<br />

The Italian took <strong>over</strong><br />

at the Bernabéu from<br />

José Mourinho and<br />

calmed the turbulent<br />

waters left behind by<br />

the Portuguese and<br />

Zidane has continued<br />

in his mentor’s image<br />

during his time at the<br />

club, promoting a<br />

sense of unity and<br />

mirroring Ancelotti’s<br />

Hazard: I’ll consider<br />

Madrid offer<br />

still have a contract<br />

with Chelsea for three<br />

seasons and that we<br />

just had an amazing<br />

2016-17 campaign.<br />

We want to<br />

continue<br />

this path and<br />

want to build<br />

on this in<br />

t h e<br />

Champions<br />

League.<br />

“I am<br />

avuncular approach to<br />

the players.<br />

The result is the<br />

club’s first Liga and<br />

European double since<br />

1958 and with an<br />

average squad age of<br />

26.5 years of age there<br />

could be plenty more to<br />

come, especially with<br />

new blood in the form<br />

of Marcos Llorente<br />

(22), Jesús Vallejo (20)<br />

and Theo Hernández<br />

(19) likely to join the<br />

first team next season.<br />

Vinícius Júnior (16) will<br />

arrive in the next year<br />

or two and Real are<br />

likely to join the<br />

bidding war for Kylian<br />

Mbappé<br />

summer.<br />

Barca salute Madrid<br />

C ongratulatory<br />

messages<br />

would have come<br />

flooding in for Real<br />

Madrid after they beat<br />

Juventus to claim the<br />

Champions League on<br />

Saturday.<br />

But one message in<br />

particular came from an<br />

unlikely source, league<br />

rivals Barcelona.<br />

One could argue it is a<br />

great show of<br />

sportsmanship, cheering<br />

on your compatriots to win<br />

Europe’s most coveted<br />

on<br />

•Hazard<br />

feeling very well at<br />

Chelsea. But you never<br />

know what will happen.<br />

“I have not met with<br />

the board yet to discuss<br />

a new deal. I have two<br />

games with Belgium<br />

club competition.<br />

However Barca and Real<br />

share one of the most<br />

fierce rivalries in<br />

European football and the<br />

tweet has caused some<br />

mixed responses from<br />

(18) this<br />

coming up first and I<br />

am off on my holiday<br />

after that.<br />

I want to think about<br />

football as little as<br />

possible.”<br />

fans.<br />

The Catalan giants<br />

tweeted: ‘Congratulations<br />

@RealMadrid for<br />

winning the trophy in<br />

Cardiff.’<br />

Venus, Muguruza crash out<br />

Defending champion<br />

Garbine Muguruza<br />

was unhappy with a<br />

“really tough” crowd after<br />

defeat by home favourite<br />

Kristina Mladenovic at<br />

the French Open.<br />

The Spaniard, 23, lost 6-1<br />

3-6 6-3 on a packed<br />

Suzanne Lenglen Court<br />

which gave its full backing<br />

to Mladenovic.<br />

Seven-time Grand Slam<br />

winner Venus Williams<br />

lost to Swiss Timea<br />

Bacsinszky.


Vanguard, MONDAY, JUNE 5, 2017<br />

Battle of Uyo:<br />

Musa, Abdullahi<br />

defy Rohr<br />

ohr, , insist<br />

•Musa<br />

on Ramadan fast<br />

•Abdullahi<br />

TODAY'S PUZZLE<br />

NPFL RESULTS<br />

Pillars 2 Lobi 1<br />

MFM 1 FCIU 0<br />

ABS 2 Tornadoes 1<br />

Wikki 2 El-Kanemi 1<br />

Rangers 1 Nasarawa 1<br />

Enyimba 1 Plateau 0<br />

Katsina 1 Abia Warriors 0<br />

Remo 2 Gombe 0<br />

3SC 1 Sunshine 0<br />

FIFA U-20 World Cup (Q/Final Results)<br />

Venezuela 2 USA 1<br />

Portugal 2 Uruguay 2(4-5 pen)<br />

Today's Matches<br />

Italy v Zambia 9am<br />

Mexico v England 12noon<br />

Sudoku<br />

How to Play Sudoku<br />

Place a number (1-9) in each blank cell. (No line<br />

can have two of the same number).<br />

Each row (nine lines from left to right), column,<br />

(also nine lines from top to bottom) and 3 X 3<br />

block within a bold block (nine blocks) contains<br />

number from 1 through 9. This means that no<br />

number can appear twice in any block, column or<br />

row.<br />

No mathematics is involved – no adding, subtraction,<br />

division or multiplication, just plain logic and your<br />

imagination.<br />

AFCON qualifier:<br />

Eagles’ preparations<br />

halfway through<br />

Barcelona<br />

salute Real Madrid<br />

YESTERDAY'S ANSWERS<br />

Eagles stars, Ahmed<br />

Musa and Shehu<br />

Abdullahi have insisted<br />

on observing the<br />

Muslim Ramadan fast<br />

for the upcoming<br />

AFCON qualifier<br />

against South Africa<br />

despite pleas by coach<br />

Gernot Rohr they should<br />

at least defer it.<br />

Alhassan Ibrahim<br />

‘Muazzam’ and fresh<br />

call-up Moroof Youssef<br />

of Zamalek are the other<br />

players on the 23-man<br />

squad who will insist on<br />

the Ramadan fast.<br />

A team official<br />

specially informed that<br />

Musa and Shehu fasted<br />

during the friendly<br />

DETAILS<br />

INSIDE<br />

Across<br />

27 C<strong>over</strong> (3)<br />

2 Sorcery (5) 28 Blemish (4)<br />

7 Fete (4)<br />

30 Performed (3)<br />

8 Take (6)<br />

31 Child (3)<br />

9 Adjusted (5) 33 Slumber (5)<br />

11 Tear (3)<br />

36 Part (6)<br />

13 Fish (3)<br />

37 Speed (4)<br />

15 Deserve (4) 38 Late (5)<br />

16 Snake (3) Down<br />

18 Sported (4) 1 Enthusiasm (5)<br />

19 Fervour (7) 2 Rug (3)<br />

20 Too (4)<br />

3 Firearm (3)<br />

22 Responsibility (4) 4 Rotter (3)<br />

23 Jersey (7) 5 Expert (3)<br />

25 Flat (4)<br />

6 Track (5)<br />

Across: 1, Slot 5, Supper 8, Remit 10,<br />

Cinema 11, Eyed 14, Pacing 15, Concert<br />

18, Pin 19, Ire 21, Send 23, Inane 24, Seed<br />

27, Gig 29, Met 31, Nagging 32, Raised<br />

34, Tine 35, Erotic 38, Alder 39, Defend 40,<br />

Penny.<br />

against Togo in Paris<br />

and an unhappy Rohr<br />

hauled them off after the<br />

first half.<br />

Interestingly, Musa<br />

still scored twice within<br />

the first 17 minutes to<br />

give the Eagles a<br />

healthy lead.<br />

QUICK CROSSWORD<br />

10 Cupid (4)<br />

11 Eased (7)<br />

12 Ironed (7)<br />

13 Join (7)<br />

14 Sweet (7)<br />

16 Trite (5)<br />

17 Enquired (5)<br />

18 Court (3)<br />

21 Possess (3)<br />

24 Cash-box (4)<br />

26 Call on (5)<br />

29 Artery (5)<br />

32 Intelligence (3)<br />

33 Fixed (3)<br />

34 Stray (3)<br />

35 Snoop (3)<br />

YESTERDAY'S SOLUTIONS<br />

Both players are<br />

expected to start against<br />

South Africa on June 10<br />

in Uyo, but they may<br />

well have limited game<br />

time because Rohr does<br />

not expect them to give<br />

their best as a result of<br />

the fast.<br />

Rohr<br />

ohr, , Eagles skipper meet<br />

NFF bosses <strong>over</strong> cash<br />

O utstanding<br />

payments will top<br />

the agenda when top<br />

officials of the Nigeria<br />

Football Federation<br />

(NFF) led by president<br />

Amaju Pinnick meet<br />

today with Super Eagles<br />

coach Gernot Rohr and<br />

stand-in captain Ogenyi<br />

Onazi.<br />

The Eagles are<br />

grumbling <strong>over</strong> unpaid<br />

bonus, appearance fees,<br />

ticket refunds and camp<br />

allowances as they were<br />

not paid for the training<br />

camps in London in<br />

March as well as that in<br />

France this past week.<br />

“It has never been this<br />

Continues on page 63<br />

•Rohr<br />

Down: 2 Lei 3, Trench 4, Hem 5, Step 6, Precis<br />

7, Ragged 9, Marring 12, Yap 13, Dine 16,<br />

Once 17, Train 20, Engaged 22, Noon 24, Spread<br />

25, Emit 26, Desire 28, Ignore 30, Ten 33, Dead<br />

36, Rep 37, Inn.<br />

Printed and Published by VANGUARD MEDIA LIMITED, Vanguard Avenue, Kirikiri Canal, P.M.B.1007, Apapa. Phone: Newsroom: 018773962. Deputy Editor: 01-4548355. Advert Dept Hotline:<br />

01-4544821. Abuja Advert Hotline: 09-2921024. E-mail: editor@vanguardngr.com, news@vanguardngr.com, letters@vanguardngr.com. Advert:advertproduction@yahoo.com<br />

Website: www.vanguardngr.com (ISSN 0794-652X) Editor: EZE ANABA. Phone: 01—4548355, All correspondence to P.M.B. 1007, Apapa Lagos.

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