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Vanguard Newspaper 03 September 2019

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16—Vanguard, TUESDAY, SEPTEMBER 3, 2019<br />

LUNCHEON: From<br />

left;Lion Abdulganiyu<br />

Adediji, Multiple<br />

Council Chairperson,<br />

International<br />

Association of Lions<br />

Clubs; Lion Lekan<br />

Babalola, immediate<br />

p<strong>as</strong>t District Governor,<br />

District 404B 1; Lion<br />

Eboreimo Bernard,<br />

District Governor,<br />

District 404B 1 and his<br />

wife Linda Eboriemo<br />

during the public presentation<br />

and fund raising<br />

luncheon for Lions<br />

projects held in Ikeja,<br />

Lagos.<br />

How Oshiomhole rescued Benin, by Esogban<br />

By Alemma Aliu<br />

BENIN CITY—THE<br />

Esogban of Beni<br />

Kingdom, Chief David<br />

Edebiri h<strong>as</strong> lauded the<br />

national Chairman of the<br />

All Progressives Congress,<br />

Comrade Adams<br />

Oshiomhole describing<br />

him <strong>as</strong> his son who did not<br />

not disappoint him when he<br />

w<strong>as</strong> governor of Edo State.<br />

Edebiri stated this while<br />

making remarks to mark<br />

his 90th birthday which the<br />

celebration formally ended<br />

yesterday.<br />

OMPALAN counsels Ihedioha over loot recovery<br />

By Emmanuel<br />

Elebeke<br />

PORT HARCOURT—AS<br />

the disagreement between<br />

the Imo state Governor,<br />

Hon. Emeka Ihedioha<br />

and his predecessor, Sen.<br />

Roch<strong>as</strong> Okorocha over<br />

some looted funds and<br />

property takes dangerous<br />

dimension, the chairman of<br />

Imo State caucus of the Oil<br />

and Solid Minerals<br />

Landlords’Association of<br />

Nigeria, OMPALAN,<br />

Bishop Udo Azogu h<strong>as</strong> advised<br />

the state Governor to<br />

thread with caution on the<br />

ongoing recovery of Government<br />

property allegedly<br />

under the custody of<br />

Senator Roch<strong>as</strong> Okorocha<br />

and his family members.<br />

In a statement on Sunday,<br />

Bishop Azogu said<br />

since the Governor had<br />

petitioned the two anti-graft<br />

agencies viz: the ICPC and<br />

Oshiomhole had praised<br />

Chief Edebiri for adopting<br />

him <strong>as</strong> a son and<br />

supporting his emergence<br />

<strong>as</strong> governor and promised<br />

he would use any<br />

available opportunity to<br />

empower people from Benin<br />

Kingdom and the state in<br />

general.<br />

Edebiri said "Before his coming<br />

<strong>as</strong> governor, Benin City w<strong>as</strong> a<br />

large village community but<br />

when Oshiomhole became governor,<br />

he brought life, he brought<br />

civilisation because Benin for the<br />

first time know what is called<br />

EFCC to investigate the<br />

former Governor of Imo<br />

State and members of his<br />

family, which have commenced<br />

ernest investigation<br />

on the strength of the<br />

petitions before them, the<br />

onus lies on the Governor<br />

to allow the anti-graft<br />

agencies do their job and<br />

come out with their verdict.<br />

It will be recalled that the<br />

EFCC had questioned<br />

Avwenaghagha emerges 1st President<br />

of Rotary Club of Saba Gateway<br />

By Festus Ahon<br />

ASABA—A Director in<br />

the Delta State<br />

Ministry of Oil and G<strong>as</strong>,<br />

Mr Aweka Avwenaghagha<br />

h<strong>as</strong> been elected <strong>as</strong> first<br />

President of the Rotary<br />

Club of Asaba Gateway,<br />

District 9141 with a promise<br />

to embark on projects that<br />

would add value to human<br />

walkways.<br />

"He constructed superior roads,<br />

roads that will l<strong>as</strong>t many many<br />

years. In my own c<strong>as</strong>e, the road<br />

that he constructed along my<br />

street, German contractor told me<br />

that it is 50 years guaranteed if<br />

maintained. He did not disappoint<br />

me <strong>as</strong> a governor"<br />

Oshiomhole had in a speech<br />

recalled how Chief Edebiri before<br />

the l<strong>as</strong>t general elections helped<br />

solved problems within the APC.<br />

He said "Chief Edebiri speaks<br />

truth to power, never afraid, never<br />

bending it, it doesn’t have to be<br />

convenient, he simply says it. I<br />

Sen. Okorocha, his wife and<br />

daughter resulting in the<br />

sealing off of a sizable portion<br />

of their v<strong>as</strong>t properties<br />

in Imo State.<br />

The OMPALAN chairman<br />

noted that the security<br />

situation in Imo State is<br />

spiraling out of control,<br />

hence the need for caution<br />

by all sides to the imbroglio.<br />

He called on the Governor<br />

to disband immediately the<br />

lives.<br />

The installation of<br />

Avwenaghagha who is also the<br />

sole candidate of Odukpor ruling<br />

House for the position of Ovie of<br />

Idjerhe clan in Ethiope West local<br />

government area, w<strong>as</strong> performed<br />

by the Charter President,<br />

Rotarian Adekola Abiodu, supported<br />

by the District Governor<br />

nominee, Rotarian Andy<br />

N-Delta group lauds Buhari on signing<br />

of electricity contract<br />

By Elizabeth<br />

Uwandu<br />

PORT HARCOURT—<br />

FOLLOWING the<br />

recent signing of an<br />

electricity contract with the<br />

German company, Siemen<br />

to put an end to the<br />

perennial electricity crisis in<br />

the country, the Joint<br />

Association of Niger Delta<br />

Youth Forum, JANDYF h<strong>as</strong><br />

applauded President<br />

Muhammadu Buhari,<br />

describing the feat <strong>as</strong> a<br />

forever achievement.<br />

Stating the need for all<br />

Nigerians irrespective of political<br />

party affiliation to support the<br />

president on the bold step taken<br />

to end decades of electricity<br />

calamity in the country, the<br />

group said with the signing of<br />

the contract with a reputable<br />

German firm believed to be one<br />

of the best electricity solution<br />

provider in the world, it h<strong>as</strong><br />

become more obvious the good<br />

intention of the president to<br />

develop or build a new Nigeria<br />

of quality infr<strong>as</strong>tructure.<br />

In a separate statement, the<br />

National President and Legal<br />

Adviser of the group, Hon Mark<br />

Wariota Ikpuri and Barr<br />

Olushola Iyogun, who spoke to<br />

our correspondence at the end<br />

of its leadership committee<br />

meeting in Benin, Edo State, said<br />

the group h<strong>as</strong> watched the other<br />

events of the government, the<br />

cleanup of Ogoni in Rivers State,<br />

construction of the second Niger<br />

bridge, appointments from the<br />

Niger Delta and come to the conclusion<br />

that the president is a<br />

man who truly wants to bring the<br />

country out of the woods.<br />

Explaining that the group is a<br />

sociopolitical <strong>as</strong>sociation that<br />

embraces members of different<br />

political parties and non-politicians<br />

alike, Ikpuri said it’s aimed<br />

at providing support services to<br />

government in terms of idea generation<br />

just <strong>as</strong> he cited some of its<br />

p<strong>as</strong>t proposals to government, the<br />

proposal for the creation of Niger<br />

Delta Ministry with the Office of<br />

Special Adviser to the president<br />

on amnesty attached to it.<br />

am forever indebted to the Omo<br />

N’Edo Uku Akpolokpolo, the institution<br />

of the Oba of Benin,<br />

the paramount traditional ruler<br />

of Edo land. You guided me, you<br />

prayed for me and by the grace of<br />

God I left without issues. I remain<br />

committed everything that<br />

is within my discretion to do to<br />

uplift this great kingdom and uplift<br />

and creat opportunities for men<br />

and women of this kingdom I owe<br />

it <strong>as</strong> irreducible minimum duty<br />

to do so because this kingdom<br />

h<strong>as</strong> been great, this kingdom h<strong>as</strong><br />

been kind and generous to me."<br />

J<strong>as</strong>per Ndubuaku committee<br />

for recovery of Government<br />

property for what he called its<br />

lawless behaviour in order to halt<br />

the state’s imminent collision<br />

course with anarchy.<br />

He pointed out that the recovery<br />

of Government property<br />

committee appears to be doing<br />

a hatchet job against the immediate<br />

p<strong>as</strong>t Governor of Imo<br />

State, Owelle Roch<strong>as</strong><br />

Okorocha and his family.<br />

Uwejeyan, amid cheers from<br />

other Rotarians, friends, family<br />

members and well wishers.<br />

The elated Rotarian Aweka<br />

Avwenaghagha, who is the<br />

Director of local content and<br />

promotion, Delta State Ministry<br />

of Oil and G<strong>as</strong> and a fellow of the<br />

Institute of Chartered Mediators<br />

and Conciliator, said he would<br />

vigorously pursue the core<br />

mandate of rotary club<br />

international which is giving help<br />

to the needy in the society.<br />

Rotarian Avwenaghagha who<br />

highlighted some projects he<br />

intends to embark upon within<br />

this rotary year, appealed to<br />

colleagues and well wishers to<br />

fellowship with him to actualize<br />

the dream.,<br />

He said he will concentrate<br />

more on the rotary foundation of<br />

complete eradication of polio in<br />

the society which h<strong>as</strong> remained<br />

the flagship project of rotary<br />

international.<br />

The District Governor<br />

nominee, Rotarian Andy<br />

Uwejeyan who also delivered a<br />

goodwill message from the Delta<br />

State Commissioner, Ministry of<br />

Oil and G<strong>as</strong>, Chief Emmanuel<br />

Amgbadugha, <strong>as</strong>ked all to<br />

embrace the work of rotary clubs<br />

<strong>as</strong> putting smiles on the face of<br />

others is a divine responsibility.<br />

Deutsche CEO to invest 15%<br />

monthly net pay in bank's shares<br />

DEUTSCHE Bank's (DBKGn.DE) chief executive Chris<br />

tian Sewing will spend 15% of his monthly net salary buying<br />

the German lender's shares starting in September, a regulatory<br />

filing showed on Monday.<br />

The filing makes official a pledge Sewing made in July, when<br />

he announced a major restructuring of the bank.<br />

Sewing said at the time he would invest a "substantial amount"<br />

of his fixed salary in the bank. The CEO, who is shaking up<br />

Deutsche Bank to try to revive its profitability, said in July he<br />

wanted to put his money where his mouth w<strong>as</strong>.<br />

Sewing will buy roughly 21,250 euros ($23,681.00) in shares<br />

around the 22nd of each month through to the end of 2022, the<br />

filing said. That would result in a total investment of around<br />

850,000 euros, b<strong>as</strong>ed on monthly purch<strong>as</strong>es up to the end of<br />

2022.<br />

Global stocks slip on tariffs,<br />

Argentina hit by capital controls<br />

GLOBAL markets remained subdued on Mon<br />

day after the United States and China imposed<br />

new tariffs on each other, while the spotlight returned<br />

to emerging-market risk <strong>as</strong> Argentina imposed capital<br />

controls.<br />

Argentina's international dollar bonds dropped to<br />

record lows, its financial stocks tumbled and risk premia<br />

shot up after President Mauricio Macri re-imposed<br />

capital controls on Sunday <strong>as</strong> the country battled<br />

to avoid its ninth sovereign default.<br />

The about-face by Macri, who had previously lifted<br />

many protectionist practices of his predecessor, Cristina<br />

Fernandez de Kirchner, came after the government<br />

failed to stem heavy investment outflows and to<br />

shore up its tumbling currency.<br />

MSCI's All-Country World Index, which tracks<br />

shares across 47 countries, w<strong>as</strong> down 0.04% on the<br />

day.<br />

S.Africa's Old Mutual to buy back<br />

$158m more shares<br />

OLD Mutual Ltd will launch its second share<br />

buyback of the year on Sept. 3, South Africa's secondlargest<br />

insurer said on Monday after posting a 10% rise in<br />

half-year profit.<br />

The company will buy back up to 2.4 billion rand<br />

($157.51 million) worth of shares subject to market<br />

conditions.<br />

"The board believes that the share price is trading at a<br />

discount to its intrinsic value and is of the view that a share<br />

repurch<strong>as</strong>e programme will deliver longer term<br />

incremental value to shareholders," Old Mutual said.<br />

In the p<strong>as</strong>t few years, the 173-year-old company h<strong>as</strong><br />

broken up an international conglomerate structure to<br />

return to its roots <strong>as</strong> an African financial services group<br />

with its primary listing in Johannesburg.<br />

Shareholders had hoped this homecoming would bolster<br />

the value of the group's stock, but instead it h<strong>as</strong> dropped<br />

amid a damaging public dispute with sacked Chief<br />

Executive Officer Peter Moyo.<br />

Dutch Ministry to support small<br />

scale farmers in Nigeria<br />

DUTCH Ministry of Agriculture h<strong>as</strong> disclosed it<br />

plans to support small scale farmers everywhere, particularly<br />

in Nigeria to achieve financial freedom.<br />

Agricultural Assistant Policy Officer, Kingdom of the<br />

Netherlands, Mr.Brian Udoh, disclose this during the regional<br />

consultative meeting on popularising the National<br />

Agricultural seeds act in Lagos, organised by the Nigerian<br />

Economic Summit Group (NESG) in collaboration with<br />

the National Agriculture Seeds Council (NASC) and the<br />

Alliance for a Green Revolution (AGRA).<br />

Udoh, representing the Dutch Ministry of Agriculture,<br />

stated that his country is very focused on helping small<br />

scale farmers everywhere, particularly Nigeria achieve financial<br />

freedom.<br />

He stated that, "seeing how farmers from other countries<br />

are progressing, it is sad to see Nigerian farmers suffering."<br />

He pledged the support of his ministry and charged the<br />

NASC to continue its consultative meeting and ensure that<br />

farmers get all the information they need about the agriculture<br />

seeds act.<br />

While delivering a presentation on "Understanding the<br />

National Agricultural Seeds Council Act, 2019",<br />

Mr.FolarinOkelola made it known that the mission of the<br />

NASC is to transform the Nigerian seed system into a leading<br />

seed industry in Sub-Saharan Africa worthy of generating<br />

foreign exchange, a key employer of labour and also<br />

a place that contributes positively to the Nigerian economy.<br />

He revealed that a lot of seed production is done by a lot<br />

of people ignorantly, and that led to the implementation of<br />

the Seed Act, Section 19 which states that "a person shall<br />

not engage in seed production, processing, marketing or<br />

importation for commercial purpose unless the person is<br />

registered under the NASC Act."<br />

He revealed that the NASC is setting up a centre for excellence<br />

of seed accreditation and plant variety protection<br />

in West Africa, and h<strong>as</strong> been identified <strong>as</strong> the first in awarding<br />

seed certification to registered businesses.<br />

Some stories credited to Reuters

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