BusinessDay 10 Apr 2018

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6 BUSINESS DAY C002D5556 NEWS CSOs, groups pick holes in PIGB, ask Buhari to decline assent KEHINDE AKINTOLA, Abuja Coalition of Civil Societies and community groups drawn from five oil producing states have raised alarm at the inherent gaps and danger in the moves to sign into law a petroleum bill that is allegedly fraught with defects in the areas of environmental protection, industry-standard regulation and preservation of the rights, health and livelihoods of local community members. To this end, the coalition urged President Muhammed Buhari not to sign the Petroleum Industry Governance Bill (PIGB) as passed by the National Assembly, until the grey areas were addressed. BusinessDay check reveals that the clean copy of the PIGB passed by the National Assembly is yet to be transmitted to President Buhari. In a 17-point position unanimously adopted by the Civil Societies and Community Groups from Bayelsa, Akwa-Ibom, Rivers, Delta and Edo states at a town hall meeting on the PIGB recently held in Port Harcourt, the groups pointed out that the deliberate silence of the bill on the outlaw of gas flaring with a definite date was not only ominous and a major setback for the environment, but also a big blow to the people of the Niger Delta who have been unjustly subjected to gas intoxication through mindless gas flaring for decades since the commencement of petroleum exploitation in Nigeria. The groups stated that they had hoped that the lawmakers would have used the opportunity created by the petroleum legal regimes review to put an end to decades of the deplorable practice of gas flaring that had put Nigeria for decades into ‘Hall of How Nigeria can navigate present security challenges - experts JOSHUA BASSEY Security experts say technology, intelligence-based policing and logistical supports are basic ingredients to reconfiguring the security architecture of the country. This is as Edgal Imohimi, commissioner of police, Lagos State, is advocating for the enactment of a legislation to compel businesses around the country to install Close Circuit Television (CCT) cameras within their premises to facilitate crime detection. The experts spoke at the first security summit held in Lagos, on Monday, while also pointing out the need for the involvement of traditional institutions and investment in the regular training of security personnel, to bring about efficiency. Imohimi, who presented a paper at the summit, called for increased manpower and a system that discourages the practice whereby people spread fear and rumours through the social media. “Policing like we all know is more about strategy and technology but there are other factors that come to play such as logistics and all that but when there is a clear-cut strategy backed with the right technology, then the war against crime would be won,” Imohinmi said. The police chief, who, however, gave statistics showing there had been a decrease in crime rate in Lagos, said from 2014 till date, a total of 1,315 armed robbery attacks, 359 cult-related cases and 392 kidnapping cases were recorded, with several arrests made and prosecutions ongoing. He said based on community-based policing and security partnership he put in place upon assumption of office in 2017, militants groups hitherto operating in the state had been degraded and incapacitated from carrying out attacks. N/Assembly okays HND programme in Official Reporters at NILDS OWEDE AGBAJILEKE, Abuja National Assembly has endorsed the commencement of Higher National Diploma (HND) course in Official Reporting at the National Institute for Legislative and Democratic Studies (NILDS). The Institute is the research arm of the National Assembly. The programme will commence in June this year, following its approval by the National Board for Technical Education (NBTE). Ladi Hamalai, directorgeneral of NILDS, stated this on Monday while declaring open a two-week certificate training programme on Of- ficial Reporting. The event was put together by the Institute for staff of Anambra and Ogun Houses of Assembly. Represented by Adeyemi Fajingbesi, director of Research and Training in the Institute, Hamalai said the training was specifically designed to acquaint participants with information, methods and modern tools to report parliamentary practices and proceedings accurately. The directorgeneral said topical issues to be discussed at the training include: Principles and Elements of Speed Writing/ Shorthand Development, Hansard Styles Manual, ICT in Official Reporting, Edit- Environmental Shame’ by enacting clear-cut provisions for its criminalisation. The stakeholders regretted that the failure of the National Assembly to do this effectively reinforced the region’s feeling of oppression and state injustice, adding that such acts by state institutions as the National Assembly, and the consequent sentiments would ultimately make peace and security elusive in the region. The groups, which railed the fragmentation of the bill further pointed out that many of the provisions of the piece-meal bill were not in tandem with best practices as obtained in the global oil and gas industry, positing that it was antithetical for Nigeria to seemingly be reviewing its Petroleum laws to streamline with global industry standards and at the same time be proposing legal provisions that were at variance with best standard practices. He also said the strategy had also helped in checking the activities of dreaded cult groups such as Badoo, with all their shrines demolished, while from January till date, no attack had been recorded from the militants. “Based on the partnership with the community and other security outfits within our communities, we have been able to bring the activities of Badoo cult group to an end and also discovered suspected notorious shrines in Ikorodu and environs used for suspected ritual killings and other form of crimes. These shrines have all been demolished,” he said. On his part, Lagos State governor, Akinwunmi Ambode, advocated the concept of collective vigilance where all stakeholders in security management had properly defined roles and relationships to stay ahead of all form of violent crimes such as terrorism, cyber and transnational organised crimes. ing, Keyboarding, as well as Record Management and Archiving of Parliamentary Reports. “The central role of the legislature in the overall development of the nation, particularly in the areas of lawmaking for the good governance of the country, oversight of other arms of government and representation of their respective constituencies cannot be overemphasised. “The present certificate programme is therefore part of NILDS efforts to assist the state Houses of Assembly to develop skills of Official Reporters to meet the present global challenges, especially in the area of the use of modern technology,” Hamalai said. Tuesday 10 April 2018
Tuesday 10 April 2018 Senate did not query NIWA over N800m security vote – NIWA National Inland Waterways Authority (NIWA) says contrary to some media reports, there was no time the Senate queried it over a N800 million security vote when it appeared before it last Friday to defend its 2018 budget proposal. In a press statement signed by Tayo Fadile, general manager, corporate affairs of NIWA, in Lokoja, it said in the entire budget defence of NIWA, there was no single items that captured the issue of security, and said the publications made on Friday over the issue, were false and misleading. The statement read in parts, “The distinguished Senators of the Marine Transport Committee in the Senate of the National Assembly were referring to the Council for Regulation of Freight Forwarding of Nigeria (CRFFN) and not National Inland Waterways Authority (NIWA) as erroneously reported. “The truth in respect of the story can be confirmed from the chairman of the Senate Committee on Marine Transport, Senator Sani Yerima, and the video tape of the proceedings can also be made available by the Clerk of the committee of Marine Transport of the Senate. “As a matter of fact, NIWA was the first agency to be attended to by the distinguished senators, while the CRFFN was the last agency that the committee invited. Secondly, in the entire budget defence of NiWA, there was no single item that captured the issue of security and the acting managing director of NIWA did not make any comment regarding the security issue as reported by the newspapers since NIWA did not ask for any security vote in the 2018 budget proposal. “It is not also true that 2017 was the first time NIWA will get approval from the National Assembly, since NIWA was established in 1987 and has been securing approval from the National Assembly since its inception as an Authority.” The statement therefore called on the general public to disregard the earlier publications. CardinalStone leads $18m equity capital raise for HealthPlus DANIEL OBI CardinalStone Partners Limited says it acted as the exclusive financial adviser to Health Plus Limited, for the health company’s recently concluded $18 million equity capital raise from Alta Semper Capital LLP, a private equity firm based in the UK. HealthPlus is West Africa’s foremost retail pharmacy chain, and the investment by Alta Semper, according to a statement, will enable the company continue to expand its store footprint, invest in best in class human capital and develop regional distribution centres in commercial hubs across Nigeria. Olubukunola George, founder/CEO of Health- Plus, says in the statement, “CardinalStone was very instrumental in spearheading an efficient and competitive process that ultimately paired HealthPlus with the ideal partner. Its commitment and demonstrated professionalism throughout the capital raising journey was extremely commend- able.” Michael Nzewi, managing director of Cardinal- Stone, in the statement, says, “We were honoured to have assisted Health- Plus as it embarks on its next phase of growth. We believe that this strategic combination will serve as a major catalyst in greatly improving the access of the everyday Nigerian to healthcare products and will provide HealthPlus with the right platform to continue delivering exceptional service and quality products to its customers.” CardinalStone is an C002D5556 indigenous, full service investment banking firm that provides comprehensive financial advisory and capital raising services to its clients across various sectors of the Nigerian and the broader West African region. “This transaction represents another successful milestone for CardinalStone in the healthcare sector, with the company having completed five transactions in the space, cutting across both equity and debt deals, over the last year alone,” according to the statement. CardinalStone’s BUSINESS DAY focus 7 NEWS is to avail best in class financial advisory and capital raising services to leading entrepreneurs and businesses with a view to assisting them achieve their strategic goals and ambitions of becoming market leaders within their respective sectors. “CardinalStone aims to be a long-term trusted adviser and financing partner to its clients and has built a competence in supporting businesses as they navigate economic headwinds through the course of their operating lifecycle,” it notes.
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BusinessDay 10 Apr 2018

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