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BusinessDay 09 Apr 2018

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Monday 09 April 2018 10 BUSINESS DAY C002D5556 COMMENT comment is free Send 800word comments to comment@businessdayonline.com Severe head injuries (trust, deception and good neighbours) BASHORUN J.K RANDLE Randle is Chairman/Chief ExecutiveJK Randle Professional Services Chartered Accountants Chief Matthew Tawo Mbu from Okundi, Boki LGA in Cross River State was only twentytwo years old when he was appointed as a Member representing Ogoja in the Eastern House of Assembly and House of Representatives in 1952. In 1953, at the age of twenty-three, he was appointed as Minister, Federal Ministry of Labour. He remains Nigeria’s youngest ever minister. Thereafter, he served as our First High Commissioner in London (the Court of St. James) from 1955 to 1959 and Foreign Minister from January to November 1993 While he was our High Commissioner in London, he attended University College, London and bagged a degree in law. It was an amazing feat of selfactualisation and upward mobility. Regardless of his superlative achievements, he endeared himself to all and sundry with his exceptional humility and good natured disposition. He was also blessed with a great sense of humour. He died in Hampstead, London, U.K. at the age of 82 on February 6, 2012. Whenever our paths crossed, mostly on planes or at social engagements, he simply overwhelmed me with his concern for the “Nigeria project” and the role which he felt I should play – in the footsteps of my father Chief J.K. Randle and my grandfather Dr. J.K. Randle. He never failed to remind me that my father, regardless of the difference in their age, treated him as a dear friend. Hence, he was duty-bound to sustain and nourish the goodwill which I had inherited. We have to rely on the amazing leap in technology which has made it possible for late John F. Kennedy, President of the United States of America to deliver in his own voice the speech he was about to read in Dallas, Texas. Tragically, he was assassinated while his motorcade was on its way to the venue– The Dallas Trade Mart; to address the Citizen’s Council. In the case of our beloved Ambassador M.T. Mbu, the audience at the launching of his book: “M.T. Mbu: Dignity In Service” at Yar’Adua Centre, CBD, Abuja on Tuesday 10th April, 2018 were stunned when he spoke “live”: “I was in Kaduna on January 5, 1966, to represent the Prime Minister at the commissioning of the air force base when I overheard soldiers discussing a coup. I confronted the GOC and said, ‘You are discussing a coup!’ That was my good friend, Sam Ademulegun. He and two of his friends were of Brigadier rank: Brigadier-General Aguiyi Ironsi and Brigadier-General Maimalari. Sam, who was GOC, retorted, ‘It’s not you we want, we know the people we want, those who are corrupt must be removed from the system,’ and I was alarmed. I said to my good friend Sam, ‘The coup you propose to carry out, won’t you use guns with bullets? If you use guns with bullets, will the bullets distinguish between the corrupt and the non-corrupt? Once bullets are fired, they don’t discriminate. If the target is a human being and it hits you, you will die.’ He patted my back and said, ‘We won’t hurt you MT, you are everybody’s friend. We know the people we want to remove.’ Unfortunately, my good friend, Sam Ademulegun himself perished in the coup with his wife. He didn’t survive the coup because he didn’t know that he was going to be a target.” Upon his return to Lagos, Ambassador Mbu alerted Alhaji Sir Abubakar Tafawa Balewa of the plan to carry out a coup by senior officers in the military who were openly discussing the matter, but the Prime Minister said to him: I said to my good friend Sam, ‘The coup you propose to carry out, won’t you use guns with bullets? If you use guns with bullets, will the bullets distinguish between the corrupt and the noncorrupt? Once bullets are fired, they don’t discriminate. If the target is a human being and it hits you, you will die.’ “Matthew, you worry too much.” We have to rely on the extract from Lindsay Barret’s book: “Danjuma: The Making Of A General”; Dr. Nowa Omoigui’s account of events:“Operation Aure”;and the leaked version of events by Julien Assange of WikiLeaks and Edward Snowden, the fugitive former CIA consultant regarding what transpired on 29th July, 1966 when the counter coup occurred: “Upon arrival at the Government House, Ibadan, having established that the Supreme Commander was in, Major Danjuma was confronted by two command problems. Both arose from the fact that he neither belonged to the 4th battalion nor was he part of the National Guard, although he was senior to all the boys on the ground. First task, therefore, was to ensure the cooperation of those elements of the 4th battalion who were on duty there. The second was to secure the cooperation of the National Guard Commander on the ground. In order to address the first problem he asked the adjutant (“Paiko”) to issue a “legitimate” order that all his soldiers on duty be disarmed by the duty officer (Onoja) who was there to conduct a “legitimate” inspection. After being disarmed by the Duty Sergeant, they were illegitimately screened and those who could be trusted (i.e northerners), illegitimately rearmed. Then they were supplemented by the pre-selected group Danjuma brought along from the barracks with Onoja. To deal with the second problem he confronted Lt. William Walbe directly and secured his cooperation. This wasn’t too difficult. Although they were in different cells, Walbe himself had been attending separate meetings in Lagos with Joe Garba and others and was well aware of the outlines of a coup plot although he did not expect one that night. Once the building was surrounded and the 106 mm gun positioned in support, Danjuma came under pressure from the boys on the ground to proceed with the operation. There were fears, based on myths acquired in the Congo, that General Ironsi was assisted by “juju” and that he could disappear at any time using his “crocodile”. Junior officers who had come to join the party urged immediate attack, some even suggesting a repeat performance of the Nzeogwu assault on the Nassarawa Lodge in Kaduna in January. They wanted the 106 mm weapon used to bring down the complex. Danjuma resisted the pressure. Lt. Col. Hilary Njoku, Commander of the 2nd Brigade in Lagos, then emerged from the main building and was walking right past the soldiers on duty moving toward the gate. One account says he came up from Lagos with Ironsi, had been staying at the guest house next to the main lodge, but was at the main lodge where Ironsi was staying, socializing with both Ironsi and Fajuyi. Another account says he came up from Lagos that evening, when rumours of a coup gained strong currency among senior Igbo officers in Lagos, to brief the Commander-in-Chief. When he attempted to leave the premises, ostensibly to mobilize loyal units, he was shot at by soldiers who had been ordered not to let anyone out and he responded in kind. (Some say he shot first). Luckily he escaped with serious injuries, some say with no less than 8 pieces of shrapnel in his thigh. Njoku initially made his way to the University College Hospital but had to escape again when a “mop up” team came searching for him. At this point, Lt. Onoja asked for permission to leave, saying he was going to get more ammunition from the barracks. However, he panicked and ran away in one of the landrovers, fearing that Njoku’s escape meant the coup would fail. He was later arrested at Jebba. When it became apparent that Njoku had escaped, Danjuma, guarded by two soldiers, made rounds to check all guard positions around the lodge and was moving toward the guest house when he heard the phone there ringing. He asked one of his guards to break the window so he could reach in to answer the phone. According to General Danjuma (rtd), this is how the conversation went: Danjuma: “Hello” Gowon: “Hello. I want to speak to the Brigade Commander. I want to speak to Colonel Njoku. Danjuma: “May I know who is speaking?” Gowon: My name is Gowon. Yakubu Gowon.” Danjuma: “Rankadede. This is Yakubu Danjuma.” Gowon: “Yakubu, what are you doing there? Where are you?” Danjuma: “I am in the State House here.” Gowon: “Where is the Brigade Commander?” Danjuma: “He is not around.” Gowon: “Have you heard what has happened?” Danjuma: “Yes, I heard and that is why I am here. We are about to arrest the Supreme Commander. The alternative is that the Igbo boys who carried out the January coup will be released tit for tat since we killed their own officers.” Gowon: (after a period of silence) “Can you do it?” Danjuma: “Yes, we have got the place surrounded.” Gowon: “But for goodness sake we have had enough bloodshed. There must be no bloodshed.” Danjuma: “No, We are only going to arrest him.” Send reactions to: comment@businessdayonline.com DANIEL AKINMADE EMEJULU Daniel Akinmade Emejulu is a sustainability professional. In 2017, as Nigeria country manager for the UN’s UNEP Inquiry arm, he worked with stakeholders involved in launching the country’s first sovereign green bond Nigeria joins regional race for green bonds Nigeria is joining a silent revolution. Only three countries have issued a sovereign green bond — Poland, France and Fiji — and now Nigeria is the most recent member of the movement. As an oil-producing giant, the country has long been in search of a trump card against falling crude prices. In December, the government issued a N10.69bn ($29m) green bond to fund local solar and forestry projects. The fully subscribed bond’s tenor is five years, and investors will receive a 13.48 per cent annual coupon, creating high expectations for the environmental projects linked to the government’s use of proceeds from the bond. Given the strong market uptake, the green bond movement is inspiring a race on the African continent. Last July, the City of Cape Town issued a R1bn ($84m) green bond for which investors offered R4bn — within two hours. Kenya is also paying attention and positioning to do the same. “We are setting up a framework for issuing a green bond in the fiscal year 2018-19,” said Geoffrey Mwau, director-general of the Kenyan treasury. Ahead of national elections in 2019, the Nigerian government considered 2018 as perfect timing for doubling down on its first green bond issue. During the Lagos Social Media Week last month, Ahmad Salihijo, a technical assistant to the Nigerian minister of the environment, said the government planned to issue an additional N150bn in green bonds, potentially to finance climate-related work for women and non-state actors in Nigeria. The green bond issuance marks a breakthrough for Nigeria, contributing towards the commitments it made under the Paris climate change agreement, while also confronting poverty and triggers of insecurity. Muhammad Mamman- Daura, an investment banker at Chapel Hill Denham, the financial adviser for the green bond issue, said the proceeds would be used to provide green electricity to rural communities that had been in darkness, energise education and support a government afforestation initiative. DNV GL of Norway, a global verification and sustainability group, reviewed the green credentials of each initiative before endors- ing the use of bond proceeds for these projects, which come under Nigeria’s ministries of power and environment. Listed on both the Nigerian stock exchange and FMDQ, an over-the-counter exchange, the first $10m tranche of the green bond programme received a GB1 (excellent) rating from Moody’s. The London-based Climate Bonds Initiative also granted certification, confirming its alignment with the 2-degree global warming limit in the Paris Agreement. Nigeria’s issuance was the first of four sovereign green bonds to be granted the CBI’s best practice distinction, lending confidence to banks, institutional and retail investors who took up the bond. Christiana Figueres, the UN climate czar who was instrumental to the success of the Paris Agreement, has convened Mission 2020, an initiative calling for $1tn of investment in green bonds, a more than 10-fold increase from current levels. Governments in Morocco, Sweden and Belgium are joining the queue to answer the call. Since the first wave of green bonds, issued by the European Investment Bank and World Bank in 2007, entities such as Apple, Toyota and the New York Metropolitan Transport Authority have raised more than $80bn from green bonds. As Nigeria’s federal government promises forthcoming tranches of issuance to help meet this $1tn target, its state governments and private sector are also now jockeying to get on board. Send reactions to: comment@businessdayonline.com

Monday 09 April 2018 COMMENT C002D5556 BUSINESS DAY 11 comment is free Send 800word comments to comment@businessdayonline.com Heavy manufacturing and sustainability in Nigeria FOLASHADE AMBROSE-MEDEBEM Folashade Ambrose-Medebem is Director of Communications, Public Affairs and Sustainable Development at Lafarge Africa Plc Sustaining our common future is the responsibility of everyone. In September 2015 the United Nations adopted the UN Sustainable Development Goals (UNSDGs) to end poverty, protect the planet and ensure prosperity for all. On our part at Lafarge Holcim, we have The 2030 Plan, which focuses on how we can improve the sustainability of our operations and adopt innovative, sustainable solutions for better buildings and infrastructure. Our plan also looks beyond our own business activities to our wider industry. We are committed to working in partnerships to make the entire construction value chain more innovative and more mindful of the use of resources and their impact on nature. We are also committed to improving the lives of people in communitiesby providing solutions to their challenges.For us, sustainability is not a one-off project. It is an overriding strategy for all we do and it is in response to some of the planet’s biggest challenges. Built on four pillars of Climate, Circular Economy, Water & Nature as well as People and Communities, the 2030 Plan aligns with the United Nations Sustainable Development Goals (UNSDGs). Each pillar outlines a set of quantitative internal and external targets as well as the innovative solutions with which to achieve them. The 2016 Sustainability Report of Lafarge Africa Plc documents the progress we have made in the past year across all four pillars. It details what we have done to reduce Carbon dioxide emissions, derive energy from waste and aim to operate with zero fatalities. Itlooks beyond our operations to how we provide water in communities where it is scarce, and the respective initiatives developed to impact thousands to build their dream home or improve literacy. Our annual sustainability reports are a testimonial of our commitment to promoting sustainable construction for a better society. Our core raw materials for cement production come from nature. We therefore treat nature with great care. For example, the cycle of mining in our mining sites is not complete until the land from which mining activity has been conducted is reclaimed and rehabilitated. Reclamation and rehabilitation involves restoring the mining area to a state as close as possible to what it once was before mining activity began. Many times, the reclamation process For us, protecting nature is also about improving the quality of human life. We achieve this through the various interventions in infrastructural amenities for our host communities. These interventions include scholarships, building and equipping of school blocks; health centres as well as bore hole and even electricity transformers begins way before the first shovel of coal or limestone is extracted from the ground. Experts in the mining team have to study the area’s ecology with a view to returning it to its original state after the mine is finally closed. We have so far reclaimed nearly 300 hectares of mined land in Shagamu and Ewekoro. All other sites have modern rehabilitation plans developed in 2017 for ongoing implementation from 2018 and beyond. As natural resources become scarce we seek innovative solutions by recycling waste. We are focusing on new, sustainable ways to derive energy from biomass, industrial and municipal waste. Over the years, we have developed an Alternative Fuel(AF) strategy as part of our effort to reduce carbon dioxide (CO2) emissions. We successfully substituted 45% of fossil fuel used at our Ewekoro plant with palm kernel shells. Today we are pioneers in the use of biomass for fuel on an industrial scale in Nigeria. Our ambition is to depend less and less on fossil fuels by turning waste into energy. We see a growing waste industry and expect to use around 250,000 tons of waste in our plants by 2020. Increased use of palm kernel has both optimised our costs and created over 700 jobs in communities of the South West and Edo State where the kernels are sourced for use in our plants. The energy intensive nature of cement production means we must keep finding innovative ways to reduce emissions. Overall, compared to 1990, we achieved a 40% net decrease of CO2of 532kg/ ton in 2016. At our newest plants - Ewekoro II and Mfamosing, we installed environmentally friendly state-of-the-art technologies that are already helping us achieve lower dust emissions. Our plants emit dust lower than the Nigerian Government regulatory limit of 100mg/Nm3 For us, protecting nature is also about improving the quality of human life. We achieve this through the various interventions in infrastructural amenities for our host communities. These interventions include scholarships, building and equipping of school blocks; health centres as well as bore hole and even electricity transformers. Sagamu is host to one of our plants in South Western Nigeria. In the past decade, several communities in Sagamu now have access to potable water from hundreds of boreholes built and maintained by Lafarge. In our own little way, we are contributing to a reduction ofwater-borne diseases. In 2017 alone, we invested a total of ₦748 million in various community development projects across locations where we operate and in the National Literacy Competition, anannual competition for public primary school students between ages 9 and 13 from across the country. Over 200,000 students have benefited since the competition began in 2013. A total of 77,000 students from 686 schools in 244 Local Government Areas took part in the 2016 edition. The impact has been significant: more than half of the students who participated considerably improved improved in their reading, writing and comprehension skills. Some states have introduced the Spelling Bee aspect of the competition into their curriculum. For us at Lafarge, sustainable development is about making a net positive contribution to society and to nature in the ordinary course of our respective operations. We are pleased with the milestones to date and remain committed to protecting people, the environment and nature for our common good. Send reactions to: comment@businessdayonline.com C. DON ADINUBA Adinuba is Commissioner for Information and Public Enlightenment, Anambra State. A glimmer of hope in governance Since the relationship school, closely associated with Peter Drucker, made a robust comeback in the 1990s among leadership and management researchers, top management schools around the world have displayed a greater interest in the role of passion in the success of organizations. The resourcebased view (RBV) in strategic human resource management argues that a fundamental difference between high achieving organizations and average ones is the passion difference. While ordinary firms are run by people who work without passion, super performing organizations have members who go far beyond the call of duty to deliver the goods. Two expressions which are closely associated with passion by organizational members are deliberate practice and stretch. By deliberate practice, applied psychologists refer to people who put in greater effort than most of their competitors. Stretch in management science is a term in management scholarship first used in 1990 by General Electric under Jack Welch to refer to a task that seemed initially impossible but eventually got done. Passion is extremely important in political leadership, too, especially in crisis situations and transformation of societies. Passion, sometimes referred to as commitment, is the heart of nationalism. One of the critical success factors for the phenomenal transformation of South Korea, Singapore, Taiwan, Hong Kong and other southeastern societies is the passion of the people and their leaders. Nationalism is now regarded as one of the core Asian values. We all saw how everyday people in South Korea brought out highly cherished personal assets like trinkets and sold and gave the proceeds to the government to enable it to weather the storm when their country’s economy went into a tailspin in the late 1990s. Western scholars, who used to mock the Asian countries for their acute nationalism, have since acknowledged that nationalism was a key factor in the quick recovery of Asian nations and territories from the profound currency crisis. That Biafra survived for a whole 30 months during the Nigerian civil war of 1967 to 1970, despite all the great odds, owed to the passion of the people. The first thing which struck new members of the Willie Obiano administration in Anambra State as they assumed office on Monday, March 25, was passion writ large. In fact, the passion thing had become manifest three days earlier, on the first day of the two-day retreat to prepare the members for the task ahead. The governor arrived at the retreat when most of the commissioners, special advisers, permanent secretaries and heads of the agencies were still eating. Because he uses no siren, the governor took most people by surprise. On the second day, he also arrived ahead of the time. Obiano sat through the two-day retreat, taking notes, contributing to every discussion on the scintillating presentations by Chukwuma Soludo, ex Central Bank of Nigeria governor; Osita Ogbu, an economics professor and director of Development Studies at the University of Nigeria, Enugu Campus, who is a former chief economic adviser to the president and chairman of the National Planning Commission; Ibrahim Magu, head of the Economic and Financial Crimes Commission; Daniel Okafor, a director of the Code of Conduct Bureau; Bismarck Rewane, the chief executive of Financial Derivates, a Lagos-based consulting firm; Macaulay Atasie of Nextzon, also in Lagos; Twinkle Oruware, an engineer and management consultant in Ibadan, Oyo State; Collins Onuegbu, a software consultant; and Fela Durotoye, an exceptional motivational speaker . Each presenter provided sufficient food for thought. Passion was also at display on the day the new appointees were inaugurated. Just before the inauguration, a short ceremony was conducted for those who worked with Obiano in his first term. John Emeka, the Anambra State deputy governor from 1999 to 2003 who was to serve under Obiano as Commissioner for Science and Technology, delivered a soul-stirring speech which was apparently spontaneous. Far from showing bitterness for not being reappointed like most departing members of the council, Emeka told Obiano: “I will cherish participating in your government every day of my life. People of Anambra are very proud of you. This is why they voted for you overwhelmingly in the last November 18 governorship election”. Turning to the new members of the council, the ex deputy governor said: “You must prove your mettle from Day One. He is accessible and amenable. He wants you to disagree with him because he knows you are no robots; he likes good, healthy debates”. Like other members of the outgoing council, Emeka received a certificate of merit, a lapel pin of the state and all his entitlements right there. The government subsequently met with the ABS board. After that he entered the weekly Security Council meeting where he dominated the environment. Members of the council include not just the state police commissioner, the DSS director in the state, the Civil Defence and security Corps commander, the army and naval commanders in the state, the Commissioner for Information and Public Enlightenment, the governor’s special adviser on security, his special assistant on security and head of the state vigilante who is a respected retired police commissioner, but also heads of the Customs Service, the Immigration Service, the Prison Service, and the Federal Road Safety Corps. Obiano invites some other people to participate in the security council meetings depending on the issues for deliberations; this time a representative of the traders unions attended because of some market issues. The governor takes security so seriously that he counts the number of road blocks by security agents and the number of soldiers and policemen manning each at any point. He even noticed that some sandbags used by the police in remote riverine communities sharing border with Kogi State and ordered their replacement. The next day, he ran straight from Onitsha where he was attending the Maundy Thursday mass in Onitsha, as part of the Christian Holy Week of Easter, and headed straight to the Alex Ekwueme Square in Awka where he handed over 40 vehicles from the Innoson Vehicles Manufacturing firm in Nnewi to security agencies. He promised an additional “100 made in Anambra vehicles soon to the agencies to ensure our state remains the most peaceful in West Africa”. Val Ntomchukwu, the Deputy Inspector General of Police who represented IGP Abubakar Idris on the occasion, said: “Other states should emulate Anambra which has become the country’s safest state. The governor means every word he utters”. I have never seen the Anambra people so optimistic of their state as they have been in the last few months. Having been in office for just two weeks, I now have a better understanding of why Chukwuma Soludo, Bart Nnaji, Victor Umeh, Chris Okoye, Okey Ndibe and even Emeka Anyaoku and the Obi of Onitsha encouraged me to go to Anambra State and make my contribution to the development of the state, after my initial hesitance. Babatunde Fashola, the Minister of Power, Works and Housing, calm , cool and very measured as ever, spoke about Obiano the way I have never heard him praise any governor. Anambra State provides a glimmer of hope for Nigeria. Send reactions to: comment@businessdayonline.com

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