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Vanguard Newspaper 03 December 2019

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

PRESENTATION:<br />

From left— Zonal Head,<br />

Owerri, First City<br />

Monument Bank, FCMB,<br />

Mr. Cyprian Fredrick;<br />

winner of grand prize at<br />

the South-East & South-<br />

South regional draw of<br />

‘’FCMB Millionaire<br />

Promo Season 6,’, Mr.<br />

Nwachukwu Chigozie<br />

and Manager, Owerri<br />

branch of the bank, Mr.<br />

Henry Ogu, during the<br />

cheque presentation to<br />

the winner in Owerri.<br />

2020: How gunmen attacked my house,<br />

by Edo APC chieftain<br />

By Ozioruva Aliu<br />

BENIN CITY—THE<br />

race to Edo State 2020<br />

governorship election got<br />

messier over the weekend<br />

as the residence of<br />

a chieftain of the All<br />

Progressives Congress<br />

(APC) and <strong>for</strong>mer member<br />

of the House of Representatives<br />

Hon Isaac<br />

Osahon was attacked by<br />

suspected hoodlums and<br />

in the process destroyed<br />

properties worth several<br />

millions of naira. The<br />

house is situated off<br />

Uwelu Road in Egor local<br />

government area.<br />

Narrating the incident<br />

to Vanguard yesterday,<br />

Osahon alleged that the<br />

suspected thugs were<br />

sent by the chairman of<br />

Allow constituted NDDC board to assume duties,<br />

APC leader begs Buhari<br />

By Elizabeth Uwandu<br />

ABUJA—A Chieftain of<br />

the All Progressives<br />

Congress, APC, in Edo<br />

State, Hon. Washington<br />

Osifo, has written to<br />

President Muhammadu<br />

Buhari and raised the<br />

alarm over what he<br />

described as the<br />

prevailing pains and<br />

neglect being suffered by<br />

the people of the Niger<br />

Delta due to the inability<br />

of members of the <strong>new</strong>ly<br />

constituted board of the<br />

Niger Delta Development<br />

Commission (NDDC) led<br />

by Dr Pius Odubu to<br />

commence operations.<br />

In a letter addressed to<br />

the President, Osifo who<br />

is one of the members<br />

elect in the Edo State<br />

House of Assembly,<br />

appealed to the President<br />

to critically look at the<br />

issues regarding the<br />

constitution of the Interim<br />

Management Committee<br />

by the Minister of Niger<br />

Delta, Godswill Akpabio<br />

and use his good offices<br />

to uphold the constitution<br />

by ensuring that the<br />

legally constituted board<br />

of the NDDC assume<br />

duties.<br />

The letter recalled that,<br />

"Your government<br />

recently took some critical<br />

steps consecutively,<br />

APC in Ovia North East,<br />

Mr Etiosa Ighodaro.<br />

He said: “As a <strong>for</strong>mer member<br />

of the House of Representatives,<br />

I am a stakeholder<br />

in the party and I am also an<br />

elder, I have had series of meetings<br />

be<strong>for</strong>e in my house. On<br />

this fateful day, I got a call from<br />

the chairman of my Adolor<br />

Ward Peter Omoruyi and the<br />

party chairman, Etiosa<br />

Ighodaro has directed him to<br />

warn me not to have the meeting<br />

otherwise I should be<br />

ready <strong>for</strong> the consequences.<br />

“However, I went ahead<br />

with the meeting which we<br />

usually have. It was while the<br />

meeting was going that I first<br />

heard a gunshot outside my<br />

house which was followed by<br />

several gunshots and when I<br />

looked outside, I saw them<br />

already climbing the fence<br />

aimed supposedly at<br />

repositioning the NDDC.<br />

These steps include but<br />

not limited to the<br />

nomination of the<br />

Chairman and members<br />

of a <strong>new</strong> NDDC<br />

governing board, the<br />

inauguration of a <strong>for</strong>ensic<br />

audit panel to look into the<br />

books of the organization<br />

since inception, the<br />

consideration and<br />

L AGOS—PASTOR<br />

Olaitan Aromolaran<br />

has joined the rest of<br />

Nigerians to support the<br />

border closure by<br />

President Muhammadu<br />

Buhari's led Federal<br />

Government, saying, "it<br />

is the best thing that has<br />

happened to the country<br />

in recent times."<br />

Aromolaran, Senior<br />

Pastor, Joy Cometh<br />

Ministries in Ikorodu<br />

said the closure of the<br />

border was long overdue<br />

and that he aligns with<br />

<strong>for</strong>mer President<br />

Olusegun Obasanjo's<br />

support <strong>for</strong> the closure of<br />

the border.<br />

Speaking at a <strong>new</strong>s<br />

into my house and I even saw<br />

one of them struggling with<br />

the mobile policeman in my<br />

gate. Some of them also entered<br />

through the backdoor<br />

and attacked my aged mother,<br />

destroyed her television set<br />

and other things. They destroyed<br />

all the vehicles they<br />

found inside the compound<br />

including my own and of<br />

those who came to attend the<br />

meeting. They destroyed my<br />

windows and police recovered<br />

more than 30 used catridges<br />

inside my compound.”<br />

This attack came barely a<br />

month when a similar incident<br />

happened in Ivbiaro, Owan<br />

East local government area<br />

where a planned meeting of<br />

some APC members was disrupted,<br />

properties were destroyed<br />

and some persons<br />

sustained serious injuries.<br />

He alleged that the attack<br />

could not be far from the current<br />

crisis rocking APC in the<br />

state.<br />

But when contacted yesterday,<br />

Ighodaro denied the allegation<br />

saying he has not<br />

spoken to Osahon since the<br />

beginning of this year neither<br />

did he send anybody to his<br />

house.<br />

He said “I don’t know anything<br />

about it, I don’t know<br />

whether he was holding any<br />

meeting, if he has issues with<br />

people, he should sort them out<br />

and don’t drag me into it. I am<br />

the chairman of Ovia North East<br />

and not Egor where his residence<br />

is where he is claiming was<br />

attacked. I have passed through<br />

many things in the hands of these<br />

people and I don’t know why he<br />

is dragging me into it.”<br />

Osahon said a <strong>for</strong>mal report<br />

has been lodged with the police.<br />

Cleric backs Buhari on border closure<br />

By Olasunkanmi<br />

Akoni<br />

<strong>for</strong>warding of names of<br />

the nominated members<br />

and Chairman of the<br />

Board to the Senate <strong>for</strong><br />

screening and the<br />

subsequent screening<br />

and confirmation of the<br />

nominees by the Senate of<br />

the Federal Republic of<br />

Nigeria.<br />

"The Nigerian public,<br />

particularly, the people of<br />

the Niger Delta welcomed<br />

conference in Ikeja,<br />

Lagos, to announce its<br />

coming programme,<br />

tagged:"365 Hallelujah/<br />

World Hallelujah Day" to<br />

hold on December 6, at<br />

the Ikorodu Town Hall,<br />

Ikorodu, the cleric<br />

asserted: "Until we know<br />

where we are going, we<br />

will never get there.<br />

There is need <strong>for</strong> us to<br />

go through some<br />

processes, that is what<br />

you are seeing now on<br />

the border closure."<br />

The senior pastor also<br />

expressed optimism that<br />

Nigeria will walk again<br />

despite series of<br />

challenges, saying that<br />

"God has started with<br />

Nigeria and we have<br />

government that believes<br />

in the welfare of the<br />

people. We believe that<br />

the more we pray and<br />

these sequence of events<br />

with great hope and<br />

excitement, but feel sorely<br />

irked by the oddity of setting<br />

up an Interim Management<br />

Committee to manage the<br />

affairs of the NDDC until the<br />

<strong>for</strong>ensic audit of the<br />

Commission is completed. This<br />

fact was superciliously made<br />

public by Mr. Godswill Akpabio,<br />

the Minister of Niger Delta<br />

Affairs."<br />

work harder, the more<br />

we become better."<br />

According to him,<br />

"Hallelujah is<br />

synonymous with good<br />

<strong>new</strong>s, anything that had<br />

not worked, but suddenly<br />

begins to work is greeted<br />

with Hallelujah. As we<br />

declare Hallelujah Day,<br />

we are prophesying that<br />

Nigeria will work again,<br />

peace will reign in the<br />

world again and<br />

prosperity will be ours<br />

again," he said.<br />

Aromolaran explained<br />

that the first Hallelujah<br />

day was held in 2012<br />

and that it was directed<br />

by God, saying that<br />

since everyone believes<br />

that Hallelujah is a<br />

universal language, a<br />

day should be set aside<br />

to celebrate World<br />

Hallelujah Day.<br />

US EXIM Bank likely to triple future funds to<br />

Egypt reaching $6bn<br />

THE Export–Import Bank of the United States (US<br />

EXIM Bank) is expected to triple its pipeline<br />

projects in Egypt to reach $6bn in the next years.<br />

Judith Pryor, member of the board of US EXIM Bank,<br />

said that the current commitment of the bank <strong>for</strong> future<br />

cooperation is $2bn.<br />

“EXIM Bank has financed projects in Egypt with $5bn<br />

over the past 10 years. We are interested in supporting<br />

several economic sectors in Egypt including aviation,<br />

agriculture, in<strong>for</strong>mation and communication technology<br />

(ICT), as well as infrastructure, agribusiness, and women<br />

in businesses,” Pryor added.<br />

DNE interviewed Pryor on the side-lines of her recent<br />

visit to Egypt to participate at the US-Egypt Future Prosperity<br />

Forum hosted by the American Chamber of Commerce<br />

in Egypt (AmCham) on 18 November.<br />

Wall Street falls after U.S. tariffs on<br />

metal imports, soft PMI data<br />

U<br />

.S. stocks fell on Monday after President Donald Trump<br />

said he would restore tariffs on metal imports from Brazil<br />

and Argentina, while weak domestic manufacturing data fanned<br />

worries of a slowing economy due to a prolonged trade war with<br />

China.<br />

The U.S. economy’s manufacturing sector contracted <strong>for</strong><br />

a fourth straight month in November, as <strong>new</strong> order volumes<br />

slid back to around their lowest level since 2012. Construction<br />

spending also unexpectedly fell in October.<br />

The figures were in sharp contrast to recent economic<br />

indicators that had reassured investors of a resilient domestic<br />

economy. Global markets had also cheered an unexpected<br />

rebound in Chinese manufacturing earlier in the day.<br />

[MKTS/GLOB]<br />

However, Trump’s tweet about restoring tariffs on U.S.<br />

steel and aluminum imports dampened sentiment. The <strong>new</strong>s<br />

sent shares of U.S. steel makers including U.S. Steel Corp<br />

(X.N) and AK Steel Holding Corp (AKS.N) up 3.9% and<br />

6.9%, respectively.<br />

5G roll-out: Huawei assures on fastest internet,<br />

mobile interconnectivity<br />

HUAWEI Technologies Company Nigeria Limited,<br />

weekend, disclosed that with the planned roll-out of<br />

5G network technology, Nigeria would soon begin to enjoy<br />

fastest internet and mobile technology.<br />

In a statement on the trial launch of 5G network technology<br />

with MTN, Managing Director of Huawei Technologies<br />

Company, Mr. Zhang Lulu, with 5G, users in Nigeria<br />

and the rest of Africa can now experience mmWave 800M<br />

which increases the amount of bandwidth available, noting<br />

that this was also capable of delivering extreme data speeds<br />

and capacity as the first of its kind in Africa.<br />

He explained that 5G also now makes it possible <strong>for</strong> subscribers<br />

in Africa to make voice over NR (VoNR) calls, noting<br />

that VoNR is a voice and video solution using the 5G<br />

SA network architecture, which makes it possible to place<br />

multiple voice and video calls with 100 per cent clarity and<br />

no interruption.<br />

Lulu said, "5G which had been popularly referred to as<br />

the future is now here.<br />

LandWey launches CrowdOwnership, an online<br />

investment plat<strong>for</strong>m <strong>for</strong> real estate business<br />

IN a bid to create a profitable, vibrant and viable entry<br />

into real estate investment by pooling intending real<br />

estate investors together to collectively own size allotments<br />

of real estate, LandWey has launched 'CrowdOwnership'.<br />

CrowdOwnership, with office headquarters in Lagos Nigeria,<br />

is an online plat<strong>for</strong>m geared towards providing investors<br />

access to wealth by bringing a carefully curated crowd<br />

mix of investment savvy folks, and af<strong>for</strong>ding them a myriad<br />

of real estate investment options. Leveraging on specialized<br />

knowledge in real estate value investment strategy,<br />

while giving key insight to investors, CrowdOwnership<br />

grants the most profitable edge in the real estate market.<br />

Speaking on the launch of this <strong>new</strong> initiative, Olawale<br />

Ayilara, CEO/Founder of LandWey as well as CrowdOwnership<br />

explained: “Real Estate investment remains the surest<br />

path to creating true and lasting wealth. Many are often<br />

put away by the huge capital investment required to participate<br />

in the real estate space. Alot of investors are <strong>for</strong>ced to<br />

place their focus on low-hanging investments. To bridge<br />

this gap, we at Landwey have an launched an initiative that<br />

makes room <strong>for</strong> flexible and easy access to real estate investment<br />

through crowd ownership."<br />

Expatiating more on the initiative, Olamide Opadiran,<br />

Financial Controller LandWey explained: “This initiative is<br />

an offshoot of the company’s commitment to make real estate<br />

investment readily accessible and available to all.

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