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14012020 - 50 years after: Let's revisit issues that caused Civil War

Vanguard Newspaper 14 January 2020

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16—Vanguard, TUESDAY, JANUARY 14, 2020<br />

INSPECTION:<br />

From left— Oyo State<br />

Governor, Engr. Seyi<br />

M a k i n d e ;<br />

Commissioner for<br />

Works, Prof. Raphael<br />

Afonja; Director of<br />

Highways, Emmanuel<br />

Akinpelu; Managing<br />

Director, KOPEK,<br />

Issam Fegnali and<br />

Contracts Manager,<br />

Pascal Hafouch,<br />

during the inspection<br />

of Jakata/Bembo/<br />

Apata road, Ibadan.<br />

Power: FG approves two c'ttees for<br />

Mambilla hydro project<br />

By Chris Ochayi<br />

ABUJA—TO ensure<br />

its speedy take-off, the<br />

Federal Government,<br />

yesterday, approved the<br />

constitution of two<br />

committees for the multibillion<br />

naira Mambilla<br />

Hydroelectric Power Project<br />

in Taraba State.<br />

The committees, which<br />

include Inter-ministerial<br />

Steering Committee,<br />

IMSC, and Project<br />

Delivery Committee, PDC,<br />

are expected to be<br />

inaugurated soon.<br />

A statement by Aaron<br />

Artimas, Special Adviser,<br />

Media<br />

and<br />

Communications to the<br />

Minister of Power, said,<br />

members of the Interministerial<br />

Steering<br />

Committee are<br />

representatives of federal<br />

agencies and Taraba State<br />

government.<br />

It noted <strong>that</strong> the Minister<br />

of Power, Mr Sale<br />

Mamman, will chair the<br />

Inter-ministerial Steering<br />

Committee, while the<br />

Director in-charge of<br />

Renewable Energy in the<br />

Federal Ministry of Power<br />

will head the Project<br />

Delivery Committee,<br />

reporting to the Minister of<br />

Power through the<br />

Permanent Secretary of the<br />

Ministry.<br />

The federal agencies<br />

named in the committees<br />

include Ministries of Water<br />

Resources, Environment,<br />

Finance, Budget and<br />

National Planning, Works<br />

and Housing, Justice,<br />

Information and Culture,<br />

and Mines and Steel<br />

Development.<br />

‘MC Oluomo' wades into Lagos Island NURTW<br />

clash<br />

By Olasunkanmi<br />

Akoni<br />

LAGOS—THE Chairman<br />

of the National Union of<br />

Road Transport Workers,<br />

NURTW, Lagos Branch,<br />

Alhaji Musliu Akinsanya<br />

has urged members on<br />

Lagos Island to embrace<br />

peace at all times in the interest<br />

of the state.<br />

The plea became necessary<br />

following frequent<br />

clashes, particularly the latest<br />

among warring parties<br />

in which several lives and<br />

properties worth millions of<br />

naira were destroyed.<br />

Meanwhile, the recent<br />

intervention by Akinsanya<br />

to restore peace in the state<br />

union in Lagos has been<br />

commended by a union<br />

leader in the area, Alhaji<br />

Fatai Okoosi, alias, Ottun<br />

who also debunked<br />

allegation <strong>that</strong> the<br />

Chairman was bias against<br />

some group.<br />

Okoosi, at a<br />

stakeholder’s event, held at<br />

the weekend, explained<br />

<strong>that</strong> <strong>after</strong> a security meeting<br />

with the state govern-<br />

...hands over suspects to police, sues for peace<br />

ment and the Commissioner<br />

of Police,<br />

Akinsanya, popularly<br />

known as “MC Oluomo,”<br />

called a peace meeting of<br />

every stakeholder from<br />

Lagos Island where the<br />

matter was resolved and<br />

rested.<br />

According to him, at<br />

the meeting, MC<br />

Oluomo called on Alhaji<br />

Azeez Lawal aka Kunle<br />

2ND term bid: Edo CAN postpones election<br />

By Ozioruva Aliu<br />

BENIN CITY—THE<br />

Edo State chapter of the<br />

Christian Association of<br />

Nigeria, CAN, has been<br />

enmeshed in a leadership<br />

crisis as the state leadership<br />

led by Bishop Oyonnude<br />

Kure's bid to secure a second<br />

term yesterday hit the<br />

rocks.<br />

A state executive committee<br />

meeting of CAN was<br />

called but the meeting<br />

which started smoothly<br />

became rowdy <strong>after</strong> the<br />

address by the chairman<br />

and Rev Fr. Richard Ofere,<br />

Others are representatives<br />

of the Secretary to the<br />

Government of the Federation,<br />

National Security Adviser,<br />

NSA, Nigeria Sovereign<br />

Investment Authority,<br />

NSIA, and the Nigeria Customs<br />

Service, NCS.<br />

The terms of reference of<br />

the Inter-ministerial<br />

Steering Committee include<br />

facilitating and fasttracking<br />

the execution and<br />

project delivery of the<br />

Mambilla Hydroelectric<br />

power project; finalizing<br />

within six months the<br />

review of the project<br />

engineering and technical<br />

design concept to achieve<br />

optimal efficiency and<br />

benefit the immediate<br />

target market (the Northeast<br />

geopolitical zone); as well<br />

as obtaining approval of the<br />

Loan Facility from the<br />

Poly to reveal trouble makers<br />

from the area which he<br />

did. He also asked Alhaji<br />

Yusuf Aweniya, aka Bobo to<br />

also reveal trouble makers<br />

from his own faction before<br />

he handed the accused persons<br />

to the police for further<br />

investigation.<br />

Okoosi, simply, described<br />

the manner of intervention<br />

by Oluomo to resolve the<br />

crisis as, “Divine” stating,<br />

moved a motion calling for automatic<br />

second term for Kure and<br />

his team “because they have performed<br />

well in the last three<br />

<strong>years</strong>”.<br />

But while waiting for a<br />

secondment, Rev Chris Igbinosa<br />

moved a point of order where he<br />

said <strong>that</strong> the motion was<br />

premature.<br />

He said there was no financial<br />

report of the association in the<br />

last three <strong>years</strong>, arguing <strong>that</strong> there<br />

was need for such basic<br />

expectations to be met before<br />

talking about re-election.<br />

The meeting which started<br />

11am was not concluded until 3<br />

China Exim Bank for the<br />

Off-shore component of the<br />

project based on the<br />

reviewed contract price.<br />

The Inter-ministerial<br />

Steering Committee will be<br />

supported by Project<br />

Delivery Committee, which<br />

will be responsible for<br />

overseeing the<br />

implementation of the<br />

project in line with agreed<br />

timelines and deliverables,<br />

including designing a<br />

framework for post-project<br />

operational management<br />

<strong>that</strong> will ensure <strong>that</strong> the<br />

project starts performing<br />

from the point of delivery.<br />

Also, an independent<br />

consultant will serve as a<br />

project coordinator to<br />

coordinate the<br />

administrative and<br />

stakeholder aspects of<br />

project implementation.<br />

“the method was wisdom<br />

from God, given to MC<br />

Oluomo to resolve the crisis.”<br />

Collaborating Okoosi, another<br />

union leader, Alhaji<br />

Isiaka Emmanuel-Babanla,<br />

said <strong>that</strong> peace had since<br />

returned to NURTW in Lagos<br />

Island in the last five<br />

days <strong>after</strong> the peace meeting.<br />

pm when Kure adjourned and<br />

there<strong>after</strong> informed members <strong>that</strong><br />

a new date for a fresh meeting for<br />

election would be communicated<br />

to voting members of the<br />

association.<br />

Efforts to get the views of the<br />

chairman <strong>after</strong> the meeting was<br />

not successful as the Secretary of<br />

the Association, Humphrey<br />

Iriabe said he did not invite<br />

journalists for the event since it<br />

was a private meeting.<br />

Several calls to the mobile line<br />

of Bishop Kure were not picked<br />

and he is yet to respond to an<br />

SMS sent to his number as at<br />

the time of filing this report.<br />

LEKOIL provides update on Qatari<br />

ari<br />

Investment authority facility<br />

LEKOIL Limited (LEKOIL), the oil and gas exploration<br />

and production company with focus on Nigeria and West<br />

Africa, has provided further update on the facility it<br />

purportedly entered into with the Qatar Investment Authority<br />

(QIA).<br />

Following announcement by LEKOIL on 2, January 2020,<br />

representatives of the QIA approached LEKOIL's advisers<br />

yesterday, questioning the validity of the agreement.<br />

The company is currently seeking to establish, alongside<br />

its legal counsel and Nominated Adviser, the full facts of the<br />

matter, and pending this clarification, the Company’s<br />

ordinary shares were suspended from trading on AIM at<br />

7.37am on 13 January 2020. However, the release of this<br />

announcement facilitates lifting of the suspension, and<br />

trading on AIM of the Company's shares is expected to<br />

recommence from 7.30 a.m, 14 January 2020.<br />

The Facility Agreement can no longer be considered to be<br />

legally binding or enforceable and it should therefore be<br />

assumed <strong>that</strong> none of the funding, as set out in the<br />

announcement of 2 January 2020, will be forthcoming.<br />

Lekoil continues to generate positive cash flows at the<br />

operational and corporate level and will seek alternative<br />

funding for the future development of OPL 310 as a priority.<br />

South Africa's Massmart t could cut<br />

1,4<br />

,440 40 jobs<br />

SOUTH Africa's Massmart Holdings could cut up<br />

to 1,440 jobs under a plan to close some stores, the<br />

retailer said on Monday as it struggles to grow sales in a<br />

tough economy.<br />

Massmart, majority owned by U.S. retail giant Walmart,<br />

swung to its first half-year trading loss in two decades<br />

last August, as low growth, high unemployment and a<br />

rising cost of living hurt South Africans' spending power.<br />

The retailer said in a statement it had started consultations<br />

with unions and other stakeholders around the closure<br />

of up to 34 stores, following a review <strong>that</strong> identified a<br />

number of outlets <strong>that</strong> were underperforming.<br />

"A total of 34 Dion-Wired and Masscash stores and<br />

approximately 1 440 employees are potentially affected<br />

by this process," it said.<br />

Dion-Wired is Massmart's electronics and appliances<br />

subsidiary, while Masscash is its wholesale division<br />

including cash and carry, food and cosmetics outlets.<br />

Massmart shares, which sunk to a 13-year low last year<br />

<strong>after</strong> the retailer issued a profit warning, were up 2.4<br />

percent.<br />

Zimbabwe finance minister sticks<br />

to 3% growth forecast despite poor<br />

rains<br />

ZIMBABWE'S finance minister maintained on<br />

Monday <strong>that</strong> the country's economy would grow 3<br />

percent this year despite poor rains <strong>that</strong> have hurt some<br />

crops and persistent power cuts <strong>that</strong> have hit mines<br />

and industry.<br />

The southern African nation is experiencing its worst<br />

economic crisis in a decade, compounded by shortages<br />

of foreign exchange, fuel and power as well as a drought<br />

last year <strong>that</strong> has left half the population in need of food<br />

aid.<br />

Mthuli Ncube told reporters in the capital <strong>that</strong> he felt<br />

the government undervalued the contribution of the<br />

informal sector to the economy. Less than 20 percent of<br />

the working population hold formal jobs.<br />

Ncube said in November the economy, which contracted<br />

by 6.5 percent in 2019, would this year rebound as from<br />

agriculture and mining output improved. But many<br />

economic analysts expect the economy to worsen.<br />

US STOCKS-Wall St t hover<br />

ers near all-<br />

time high as trade deal, earnings<br />

awaited<br />

U<br />

.S. stock indexes traded just below all-time highs on<br />

Monday as investors awaited the signing of a<br />

preliminary trade deal between the United States and<br />

China, as well as the start of the fourth-quarter earnings<br />

season.<br />

High-profile technology and internet companies including<br />

Apple Inc, Facebook Inc, Microsoft Corp and<br />

Amazon.com Inc, which have recently powered Wall<br />

Street to all-time highs, boosted the main indexes.<br />

Google-owner Alphabet Inc was on course to become<br />

the fourth publicly traded U.S. company to be valued at<br />

$1 trillion.<br />

An easing of Middle East tensions and signs <strong>that</strong> the<br />

Phase 1 U.S.-China trade agreement will be signed have<br />

encouraged buying of risky assets, even though investors<br />

know little in the way of details of an agreement expected<br />

to be signed in Washington on Wednesday.<br />

"There is some concern about translation of the contract<br />

(with China)," said Randy Frederick, vice president of<br />

trading and derivatives for Charles Schwab in Austin,<br />

Texas.<br />

Stories credited to Reuters

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