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16—Vanguard, TUESDAY, APRIL 2, 2019<br />
MEETING: From left— Chairman of the occasion & Deputy General Manager, NAVAIDS, Anthony<br />
Onyejiuwa, GM, Electronic Communication, Nigerian Airspace Management Agency, NAMA, Abdulaziz<br />
Maiwada, National Association of Air Traffic Eng<strong>in</strong>eers, NAAE, Lagos chapter Chairman, Anthony<br />
Nwose, Nigerian Air Traffic Controllers Association, NATCA Deputy President, Alhaji Ahmed Adamu<br />
Bello, and Aviation Safety Inspector Engr, E.N.G Oragwu,dur<strong>in</strong>g the Biennial General Meet<strong>in</strong>g, Election<br />
and Symposium on ‘Cyber security organized by NAAE Lagos chapter <strong>in</strong> Lagos. Photo: Lamidi Bamidele.<br />
Why we adopted str<strong>in</strong>gent process for<br />
sim card replacement —NCC<br />
By Emmanuel<br />
Elebeke<br />
ABUJA—THE Nigerian<br />
Communications<br />
Commission, NCC, has<br />
aga<strong>in</strong> expla<strong>in</strong>ed to telecoms<br />
consumers on why it<br />
reviewed and made the<br />
process of replac<strong>in</strong>g lost,<br />
stolen or damaged<br />
Subscriber Identity Module<br />
(SIM) cards more<br />
str<strong>in</strong>gent.<br />
The Commission made<br />
the clarification while<br />
address<strong>in</strong>g various servicerelated<br />
concerns and issues<br />
Group to Oredo APC: Obaseki's endorsement for 2nd<br />
by section of APC leaders ‘mere sychophancy'<br />
BENIN CITY—THE<br />
Concerned Edo Youths<br />
for Good Governance,<br />
CEYGG, has described as<br />
"mere sychophancy", the<br />
statement by some leaders<br />
of the All Progressives<br />
Congress, APC, <strong>in</strong> Oredo<br />
Local Government Area of<br />
the state, endors<strong>in</strong>g<br />
governor Godw<strong>in</strong> Obaseki<br />
for a second term.<br />
The group <strong>in</strong> a statement<br />
signed by its Director of<br />
Publicity, Dr Calistus<br />
Osamoyi, admonished<br />
Obaseki to be wary of those<br />
endors<strong>in</strong>g him for a second<br />
term when he is barely<br />
three years <strong>in</strong> office,<br />
assert<strong>in</strong>g that those people<br />
will "still endorse another<br />
candidate who give them<br />
raised by telecoms<br />
consumers dur<strong>in</strong>g a<br />
Consumer Conversation<br />
Programme, (CCP) hosted<br />
by the Commission <strong>in</strong> Lafia,<br />
Nasarawa State at the<br />
weekend.<br />
The CCP is designed by<br />
the Commission to engage<br />
telecoms consumers and<br />
educate them on the various<br />
consumer-centric <strong>in</strong>itiatives<br />
put <strong>in</strong> place by the<br />
Commission to protect their<br />
rights and <strong>in</strong>terests, while<br />
also serv<strong>in</strong>g as a feedback<br />
mechanism to address<br />
consumer concerns.<br />
more money as we approach<br />
2020."<br />
Accord<strong>in</strong>g to the<br />
statement, " it is nauseat<strong>in</strong>g<br />
to read people say<strong>in</strong>g there<br />
is no vacancy <strong>in</strong> Osadebey<br />
Avenue because they want<br />
to make Obaseki happy. We<br />
are call<strong>in</strong>g on these party<br />
leaders to allow Edo people<br />
pick their governor come<br />
2020 and not leaders who<br />
have already compromised<br />
Ogwu charges Delta govt on abandoned<br />
Poly <strong>in</strong> Aboh<br />
By Elizabeth<br />
Uwandu<br />
ABOH—THE president<br />
general of Aboh<br />
Speak<strong>in</strong>g at the event,<br />
Director, Zonal Operations<br />
Department of NCC, Mrs.<br />
Am<strong>in</strong>a Shehu, said the<br />
Commission has found<br />
that, at times, a subscriber<br />
may be hav<strong>in</strong>g issues with<br />
his or her phone number,<br />
th<strong>in</strong>k<strong>in</strong>g that it is a network<br />
issue, but by the time he<br />
or she discovers what is<br />
happen<strong>in</strong>g, money has<br />
been fraudulently taken<br />
out of his or her bank<br />
account.<br />
Shehu, who was<br />
represented at the forum by<br />
a Pr<strong>in</strong>cipal Manager <strong>in</strong> the<br />
and try<strong>in</strong>g to justify their<br />
pay.<br />
"We have said it on<br />
several occasions that people<br />
should stop distract<strong>in</strong>g<br />
Obaseki with a second<br />
term when he is yet to commence<br />
job at the Gelegele<br />
Sea Port, Ben<strong>in</strong> <strong>in</strong>dustrial<br />
park projects and the<br />
200,000 jobs he promised<br />
Edo people.<br />
"Besides, APC is known<br />
Development Union, ADU,<br />
Ajie Ogwu has called on<br />
the Delta State<br />
Government to look <strong>in</strong>to the<br />
issue of the abandoned<br />
polytechnic <strong>in</strong> Aboh,<br />
headquarters of Ndokwa<br />
East local government<br />
area.<br />
Ogwu made this call<br />
recently dur<strong>in</strong>g the<br />
<strong>in</strong>stallation ceremony of<br />
the new Iyasele (traditional<br />
prime m<strong>in</strong>ister), High<br />
Chief Charles Ifeanyi<br />
Odili, a retired civil<br />
servant.<br />
The president general of<br />
the community said the<br />
open<strong>in</strong>g of the polytechnic<br />
will show that Governor<br />
Ifeanyi Okowa has the<br />
<strong>in</strong>terest of Ndokwa East<br />
people at heart and as part<br />
of the technical education<br />
revolution of the<br />
government.<br />
Zonal Operations, Mr.<br />
Ekisola Oladisun, said<br />
SIM swap or replacement<br />
fraud has a lot of issues<br />
attached to it because, often<br />
times, a lot of people who<br />
are not the owners of some<br />
numbers go to do SIM<br />
swap at various customer<br />
centres of the service<br />
providers.<br />
“There have been cases<br />
of fraudulent activities done<br />
on people’s bank accounts,<br />
as a result of SIM swap and<br />
the victims often compla<strong>in</strong><br />
to the Commission<br />
expect<strong>in</strong>g that the NCC<br />
would compensate them!<br />
for conduct<strong>in</strong>g primaries<br />
even <strong>in</strong> states where they<br />
have sitt<strong>in</strong>g governors and<br />
that is why we see those<br />
shout<strong>in</strong>g that there is no<br />
vacancy <strong>in</strong> Osadebey<br />
Avenue as jokers. Obaseki<br />
must merit a second term<br />
and it will not come through<br />
these sychophants who are<br />
professionals <strong>in</strong> creat<strong>in</strong>g<br />
crisis so they can feast on<br />
the governor," it stated.<br />
He also called on the<br />
government to complete<br />
the failed portions of the<br />
Ashaka/Aboh road so as to<br />
make the road motorable <strong>in</strong><br />
all seasons.<br />
Ogwu stated that the<br />
Aboh people will<br />
appreciate if all the<br />
abandoned projects <strong>in</strong> the<br />
Ndokwa East local<br />
government headquarters<br />
are completed.<br />
He charged the new<br />
Iyasale to co-operate with<br />
the Aboh monarch so as to<br />
attract more developmental<br />
projects to the town, add<strong>in</strong>g<br />
that all sons and daughters<br />
of the k<strong>in</strong>gdom should see<br />
it as duty to contribute their<br />
quota to the development<br />
of the town.<br />
Speak<strong>in</strong>g earlier, the<br />
Iyasele promised to do his<br />
best <strong>in</strong> ensur<strong>in</strong>g peace and<br />
prosperity of the k<strong>in</strong>gdom.<br />
Renewable energy sector receives<br />
$300m loan boost<br />
NEW Development Bank and Development<br />
Bank of Southern Africa will f<strong>in</strong>ance the<br />
project which aims to <strong>in</strong>crease clean energy<br />
production<br />
SA’s drive to boost the renewable energy sector<br />
has received a boost follow<strong>in</strong>g the sign<strong>in</strong>g of a<br />
$300m loan agreement between the New<br />
Development Bank (NDB) and Development Bank<br />
of Southern Africa (DBSA) designed to support<br />
the sector.<br />
The NDB and Eskom also formally signed the loan<br />
agreement for the renewable energy <strong>in</strong>tegration<br />
and transmission project which was agreed on <strong>in</strong><br />
2018. The project is expected to be implemented<br />
over 15 years from 2018 to 2033.<br />
Stock Exchange reopens on downward<br />
trend<br />
THE equities activities of the Nigerian Stock<br />
Exchange (NSE) reopened for the week on<br />
Monday on a downward trend as market<br />
capaitalisation depreciated by 0.29 per cent.<br />
The News Agency of Nigeria (NAN) reports that<br />
market capitalisation, which opened at N11.672<br />
trillion, lost N34 billion or 0.29 per cent to close<br />
at N11.638 trillion due to price losses by some<br />
blue chip equities.<br />
The All-Share Index decl<strong>in</strong>ed by 509.73 po<strong>in</strong>ts or<br />
01.64 per cent to close at 30,531.69 aga<strong>in</strong>st<br />
31,041.42 posted on Friday.<br />
An analysis of the price movement chart <strong>in</strong>dicated<br />
that Nestle led the losers’ chart with a loss of<br />
N130 to close at N1, 450 per share.<br />
Betaglass came second with N7.15 to close at<br />
N64.8, while Nigeria Breweries lost N3.75 to close<br />
at N63 per share.<br />
Auditor questions Oando’s<br />
susta<strong>in</strong>ability<br />
T<br />
HE auditor of Nigerian oil and gas producer Oando<br />
Plc has questioned the company’s ability to rema<strong>in</strong><br />
<strong>in</strong> bus<strong>in</strong>ess as it cont<strong>in</strong>ues to <strong>in</strong>cur losses and struggles<br />
with a heavy debt burden.<br />
Oando, which is listed on the JSE and Nigerian Stock<br />
Exchange, recorded losses of 18.3-billion naira<br />
(R720.4m) for the year.<br />
Net profits of Egyptian bus<strong>in</strong>ess<br />
sector or hit 11.3 .3 bln <strong>in</strong> 2 yrs - M<strong>in</strong>ister<br />
COMPANIES affiliated with the bus<strong>in</strong>ess<br />
sector <strong>in</strong> Egypt made net profits of EGP 11.3<br />
billion <strong>in</strong> the fiscal year 2017/18, with total earn<strong>in</strong>gs<br />
of EGP 18.5 billion reported by profitable<br />
companies and losses estimated at EGP 7.2 billion<br />
by the unprofitable ones, said Public Bus<strong>in</strong>ess<br />
Sector M<strong>in</strong>ister Hisham Tawfik on Monday.<br />
Deliver<strong>in</strong>g the <strong>in</strong>augural speech at the 'Influential<br />
Growth' annual conference, organised by the<br />
economic newspaper Hapi Journal, M<strong>in</strong>ister<br />
Tawfik said that his m<strong>in</strong>istry seeks to achieve<br />
susta<strong>in</strong>able development for the public bus<strong>in</strong>ess<br />
sector with a view to mak<strong>in</strong>g a leap <strong>in</strong> the profits<br />
of its affiliate companies.<br />
The restructur<strong>in</strong>g process of the bus<strong>in</strong>ess sector<br />
companies chiefly <strong>in</strong>volves tra<strong>in</strong><strong>in</strong>g cadres and<br />
hon<strong>in</strong>g skills <strong>in</strong> order to cope with the ongo<strong>in</strong>g<br />
<strong>in</strong>dustrial development, the m<strong>in</strong>ister po<strong>in</strong>ted said.<br />
He also shed light on the m<strong>in</strong>istry's efforts to adopt<br />
the Enterprise Resource Plann<strong>in</strong>g (ERP) system,<br />
which is meant to plan and manage the resources<br />
of as many as 70 affiliate companies with<strong>in</strong> 18<br />
months.