12042019 - I N S E C U R I T Y: Buhari launches offensive; orders ruthless action

More documents

Recommendations

Info

16—Vanguard, FRIDAY, APRIL 12, 2019 TRAINING: From left— Chief Executive Officer, Human Capital Management Solution Ltd, Mrs. Tetsoma Onwuka, Permanent Secretary, Office of Establishment and Training, Mrs. Rhoda Ayinde, Facilitator, Professor Pat Utomi, Commissioner, Ministry of Establishment, Training and Pensions, Lagos State, Dr. AKintola Oke and Facilitator, Mrs. Folashade Ogunnaike, during a team building and synergy for peak performance training organized by Lagos State Government, Ministry of Establishment, Training and Pensions in collaboration with Human Capital Management and Solution Ltd in Lagos, yesterday. NCC arrests 200 agents over alleged fraudulent activation of Sim cards By Emmanuel Elebeke ABUJA—IN a bid to curb the rising cases of kidnapping and other related crimes, the N i g e r i a n Communications Commission, NCC, says it has arrested over 200 agents across the country over fraudulent registration of Sim cards. The director, Compliance, Monitoring and Enforcement, NCC, Mr. Efosa Idehen disclosed this, yesterday, at a one-day regional sensitization workshop on the dangers of dealing on fraudulently activated Sim cards held at Keffi, Nasarawa State. According to him, most of the arrests were made in Jigawa and Gombe states and those arrested had been charged to court. Idehen said the commission has been engaging the public through several programmes on the need for proper registration of Sim cards but realised that most of the agents put monetary gains above national interest. He explained that no individual is allowed to register more than five Sim cards, except corporate entities and vowed to make sure the Commission follow the prosecution of the offenders. "As a government, we are putting in place, strong process to track any criminal engaging in fraudulent registration of Sim cards. "We understand that one of the issues driving this is meeting target but you cannot micromanage it. "We are not going to compromise in driving out these people out of the market. We have been getting results from the MoU we signed with the NSDC, hoping that the proposed MoU with NIMC will probably bring everything to check." Earlier, the Executive Commissioner, Stakeholders Management, NCC, Mr. Sunday Dare, said the essence of the workshop was to ensure standardised subscriber registration in the country and also ensure easy detection of subscriber identity. Dare, who was represented at the occasion by Mr. Idehen said the Commission had given eight years grace for operators and their agents to clean up their data and has now resolved to be rootless with anybody found culpable in the commission of the crime. Wall Street dips ahead of big bank earnings WALL Street’s main indexes dipped yesterday, hit by a drop healthcare shares, but gains in financials ahead of big bank earnings helped limit losses. The S&P financial index rose 0.54 percent, while the banking sector was up 0.36 percent. JPMorgan Chase & Co and Wells Fargo & Co will kick off what is expected to be a tough quarterly earnings season for banks on Friday. Earnings of S&P 500 bank are expected to grow 1.8 percent in the first quarter, well below 8.2 percent estimated six months ago, according to Refinitiv data. The steep drop in the estimate comes in the wake of the Federal Reserve’s dovish tilt and the subsequent drop in 10-year Treasury yields. “We are in a week that kicks off earnings season, it is not unusual for the markets to turn sideways until we start things off and get an idea of what the first quarter is going to look like,” said Art Hogan, chief market strategist at National Securities in New York. The S&P 500 is hovering near its six-month high and is just 1.7 percent away from its record high touched in late September. Minutes from the Federal Reserve’s March meeting on Wednesday showed that it was likely to leave interest rates unchanged this year given risks to the U.S. economy from the slowdown and uncertainty over trade policies and financial conditions. Developing capital markets can save emerging markets $13 billion—Study PURSUING so-called ‘euroclearability’ can help some emerging market economies lower borrowing costs by over $13 billion over 10 years while increasing their investor base, a report showed yesterday. Euroclearability is seen as one of the last stages of capital market development, and would only benefit countries with relatively larger economies and local bond markets, Nick Forrest, who headed the report as director of financial services at PCW UK, told a conference on the sidelines of the spring meetings of the International Monetary Fund and World Bank. The process of becoming ‘euroclearable’ - establishing a clearing and settlement link with Belgium-based Euroclear - involves high levels of transparency as well as specifics on size and structure of the debt to be issued, among other aspects. India, Brazil, Turkey, Indonesia, Philippines and Colombia could see their borrowing costs fall by an average of 28 basis points, in a range of 14-to-42 basis points, saving them over $13 billion over the next 10 years, according to the study by PWC for Euroclear. The drop in borrowing costs, the report said, is comparable to a one-notch upgrade from a credit ratings agency. “This is extremely important to developing local markets” and a key benchmark for countries to reach, said Thordur Jonasson, who advises governments and agencies on domestic debt market development and risk management as deputy division chief at the IMF. Deutsche Bank investor plans to file motion to oust chairman at AGM DEUTSCHE Bank investor Riebeck-Brauerei plans to file a motion seeking a vote to oust the lender’s chairman Paul Achleitner at this year’s annual general meeting, a lawyer for the activist shareholder said on Thursday. Jan Bayer, the lawyer for investor Riebeck- Brauerei, said the justification to oust Achleitner was for his “dismal performance” and for pursuing a “value-destructive” merger with Commerzbank. Bayer said that he plans to file the motion for his client in the next week. Deutsche Bank declined to comment. All stories credited to Reuters
Vanguard, FRIDAY, APRIL 12, 2019 — 17 MANY Nigerians who are frequent travellers, this columnist included, do not travel enough or at all within our continent. We fly to and from London, Paris, Rome, Berlin, New York, Dubai, Beijing, etc, on a regular basis – to live, work, study, shop, do business, take care of our health, socialise, etc. But we rarely or never bother to check out the many fascinating countries in Africa. I’ve felt guilty for ages about this failure to sufficiently explore my own backyard; and I decided to do something about it this year…and to make my way to the AFRICA CEO Forum in Kigali last month. I’m really glad I made the effort because Rwanda, known as “the land of a thousand hills”, is so beautiful. And the convention centre in which the CEO Forum – organised by the French Jeune Afrique Group – was held is a world-class, stateof-the-art events facility. Architectural superiority Frankly, its technological and architectural superiority puts similar buildings in our three top cities – Abuja, Lagos, Port Harcourt - to shame. And I kept asking myself why massive Nigeria should be so embarrassingly outshone by a tiny nation that hasn’t earned a fr<strong>action</strong> of the billions of petrodollars we’ve been generating for decades. Even if we can’t cope with major challenges such as providing ourselves with round-the-clock electricity and ensuring that every child in every corner of the Federation goes to school, can we not at least manage more small triumphs such as erecting and efficiently maintaining sparkling, sophisticated and superb conference venues?!!! Ok, so while I was in Kigali, I was forced to wonder, for the umpteenth time, why despite regarding ourselves as the Giant of Africa, we have yet to fulfil even one-tenth of our potential. Ah well. Never mind. Perhaps Nigeria will truly rise one day. •L-r: Ekiti State governor Kayode Fayemi and Bayelsa State governor, Seriake Dickson, jointly holding a copy of a magazine in which Dickson’s performance was praised •Bayelsa State governor, Seriake Dickson and Ekiti State governor Kayode Fayemi with one of the AFRICA CEO FORUM organisers My Rwandan experience And while some of us are fervently praying for elevation from mediocrity and defeat, we should also simultaneously count our blessings. Almost every cloud has a silver lining; and I’m delighted The likes of Fayemi and Dickson remind and teach us, by avoiding avoidable rancour, that it is not necessary for political differences of opinion to become bitter and destructive enmities to report that the good news on this occasion is that the Nigerian VIP speakers at the CEO Forum did us more than proud. Special kudos to (in alphabetical order) Mr. Tony Attah, the Managing Director of Nigeria LNG Limited, Mr. Austin Avuru of Seplat Petro- leum; Bayelsa State Governor, Mr. Henry Seriake Dickson and Dr. Kayode Fayemi, the Governor of Ekiti State. All of the above spoke very eloquently and provided me and other members of their audiences with valuable learning experiences. And, by the way, I and many other Nigerian and non-Nigerian onlookers were especially impressed by the fact that though Fayemi (APC) and Dickson (PDP) belong to different political parties that had just emerged from bruising electoral battles back home, they related to each other very warmly and cerebrally in Rwanda. Of course, they couldn’t possibly agree on every topic. But they focussed on the bigger picture, rather than on petty rivalries, thereby proving themselves to be well broughtup, civilized gentlemen who prioritise collective development issues. The likes of Fayemi and Dickson remind and teach us, by avoiding avoidable rancour, that it is not necessary for political differences of opinion to become bitter and destructive enmities. If more Naija leaders shared their benign, intelligent and mature mindsets, our country might be in much better shape! I also learned a lot from my visit to the chilling and emotionally destabilising Genocide Memorial in Kigali, which commemorates the 800,000 or so adults and youngsters who were murdered during a ferocious and frenzied 100-day ethnic cleansing attack in 1994. The 250,000-plus of the massacre victims are buried at this site; and I am still struggling to get my head around the shocking savagery that was described by our guide and showcased in the museum. We tourists were reduced to traumatised silence as we filed past tragic photograph after tragic photograph of departed souls, eerie exhibits such as their torn bloodstained clothing and poignant panels outlining the history of the massacre…which, to some extent, can be blamed on Belgian colonialist divide-andrule tactics. Most of the victims were members of the minority Tutsi tribe. Most of the perpetrators were extremist members of the Hutu tribe. Some of the perpetrators were Catholic priests and nuns. People slaughtered neighbours who had once been their dearest friends. People maimed innocent infants who were their godchildren. President Paul Kagame of Rwanda (who by the way looks like <strong>Buhari</strong>!) has a mixed reputation, in the sense that he’s frequently accused of human rights abuses against dissenters, including journalists. But Kagame, a Tutsi, is also praised for running his country competently and ending the Tutsi-Hutu fight. And I think that this positive aspect of his reputation is deserved. Detribalised nationalism Kagame could easily have encouraged the Tutsis to retaliate viciously; and the titfor-tat bloodletting could have dragged on for years. But he has gone out of his way to persuade Tutsis and Hutus to at least say that they regard themselves as Rwandans first. Does this laudable detribalised nationalism go beyond superficial platitudes? Can it be sustained when Kagame ceases to be in charge? Who knows? Twenty five years is not that long. It’s barely one generation. And many of those who were personally involved in terrible dramas in 1994 – either as recipients or initiators of evil acts - are still alive. Have these survivors REALLY completely cast off their anger, pain and sadism to the point where they don’t think like Hutus or Tutsi adversaries any more and are only interested in being Rwandans? Hmmm! I will be watching the complicated Rwandan situation closely. In the meantime, we Nigerians need to seriously address our own tribal antagonisms – which are escalating - because if we cannot eliminate them, we might as well go our separate ways. Responses To Donzol2002@Yahoo.co.uk Or To 0802 747 6458 Or 0811 675 9752. Please kindly note that unless you specifically request anonymity, your email or text message may be published with your name and contact details attached.
Page 1 and 2: C M Y K Chairman Chukwu finally spe
Page 3 and 4: Vanguard, FRIDAY, APRIL 12, 2019
Page 5 and 6: vanguardnews @vanguardnews @vanguar
Page 7 and 8: Vanguard, FRIDAY, APRIL 12, 2019—
Page 11 and 12: VANGUARD, FRIDAY, APRIL 12, 2019
Page 15: Vanguard, FRIDAY, APRIL 12, 2019—
Page 19 and 20: Vanguard, FRIDAY, APRIL 12 , 2019
Page 27 and 28: "Vanguard, FRIDAY APRIL 12, 2019—
Page 31 and 32: When your enemy fights your battles
Page 39 and 40: IHIASOTA I, formerly known as Miss
Page 43 and 44: Vanguard, FRIDAY APRIL 12, 2019 —
Page 45 and 46: By Juliet Umeh Majority of drivers
Page 47 and 48: The Draw Ceremony for the 32nd Afri

12042019 - I N S E C U R I T Y: Buhari launches offensive; orders ruthless action

Create successful ePaper yourself

Delete template?

Save as template?