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Vanguard Newspaper 02 April 2019

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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.

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