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18 — Vanguard, WEDNESDAY, SEPTEMBER 14, 2022 WE are pleasantly surprised that our military and security agencies have woken up, and are moving in the right direction towards reining in the forces behind our insecurity. The continued onslaughts against the Boko Haram Terrorists, BHTs, and their Islamic State in West Africa Province, ISWAP, allies, scorching of Ansaru still being attacked, unchallenged. The bases in Kaduna forests and military Federal Government continues to strikes on Bandit-Terrorist bases in the ignore the armed herdsmen terrorism, North-West and Abuja precincts are thus lending credence to the accusations very heartening. of state condonation of their terrorist Although we disagree with Minister campaigns. of Information and Culture, Lai The latest commendable act, this time Mohammed, who recently claimed “the by the Department of State Services, worst is over”, we are solidly behind DSS, is the arrest in Egypt of Tukur our armed and security forces in their Mamu, the self-acclaimed Abujanew resolve to restore order. Kaduna train hostage negotiator. We are still waiting for a full Mamu is the publisher of Desert Herald deployment against herdsmen and spokesman of controversial Sheikh terrorists. Without this, doubts will still Ahmad Gumi, an unabashed advocate linger as to the government’s sincerity for the Bandit-Terrorists of the Northin solving our security challenges West and North-Central. holistically. Gumi, Mamu and some Northern Many indigenous communities are governors have been playing unclear Questioning of Tukur Mamu roles since the upsurge of terrorism in the North-West. At the height of the bandits’ terrorism, when states like Kaduna, Katsina, Zamfara, Sokoto and Kebbi and Niger became helpless at their onslaughts, Gumi surprisingly went into their dens in the wilderness and became their mouthpiece and proponent. These people kicked against moves to get the Federal Government declare the bandits as terrorists. A governor was once quoted as saying that while groups like the Indigenous People of Biafra, IPOB, and Yoruba Nation wanted to break up Nigeria, the Bandit-Terrorists whose specialty was kidnapping for ransom, were merely “transactional businessmen”! The Federal Government’s failure to apprehend all these questionable individuals and groups seemingly promoting the activities of terrorists baffled Nigerians and led many to speculate “collusion” by senior elements of the Buhari government. Mamu’s arrest and questioning represents an important turning point in the Buhari government’s attitude towards dealing with insecurity in the North. We hope this will not be a one-off event, but a sustained effort to root out terrorist sponsors, collaborators, sympathisers and enhancers in whatever form, no matter how highly placed. This is the only right way to tackle this problem. Mamu must be thoroughly questioned on how he became a ransom negotiator, how he acquired the military uniforms and huge cash allegedly discovered by the DSS in his house. Let the law take its course. OPINION In response to worried critics of a silent revolution By KOLA OREDIPE DEMOCRACY has given opportunities for the participation of the citizens in governance. It becomes inclusive when every segment of the society plays one part or the other to support the government of the day or simply make constructive criticism. But when such a criticism becomes abusive, such actors are now worn the toga of unprogressive and uncultured soul. That is the case with some set of armed chair critics in Bayelsa State where unfortunately, a lot of them had been part of various governments in the state. Today, many Bayelsans are aware that the prosperity administration under Senator Douye Diri, Governor of Bayelsa State, is very receptive to genuine and constructive criticism. In African homes, when a child becomes erratic and showing signs of near dementia , parents and loved ones on quick detection either seek medical help or spiritual help. But when it is discovered that he or she is being mentally affected by unexpressed bottled up emotions, they only allow it to be detected in choice words, tone, and body language. Governor Diri has become a victim of parochial, selfish and demented criticism by unguarded critics who operate in full scale of ignorance on the social media space. The two and half-year journey of governance in Bayelsa and the appreciable achievements despite the daunting challenges is not of interest to these resenting critics, but a public show of ignorance on the development dynamics in the state is paramount to their confused soul. On one hand, these critics have been diagnosed as being part of the governance of the state in the past as aides, but their unceremonious exit has affected their judgement and develop within their souls bottled up angst against any administration their pay masters are not fully in charge. Despite their rants on the pages of social media, Governor Diri and his prosperity team have refused to be disturbed and are treading carefully to raise a disciplined team to complete projects, revive a new culture of patience and inculcate a culture of service to the people of Bayelsa across the sections of the state. While the so-called “critics” are displaying their foolery by claiming to have worked for respectable personalities as “media handlers” or “social media influencers” in the past, the prosperity administration is known and working towards finding the cure for their anger by not encouraging nepotism, financial recklessness by churning figures which don’t tally with the reality on ground. The administration will not also allow characters, such as the road side critics, to distract it from ongoing service to the people of Bayelsa. The joy of the people of the state, across political divide, is that Gov. Diri came through a court process and divine intervention devoid of political godfathers. He came through the people in general elections who elected him, affirmed by the court and crowned by the Almighty God. That is why cleansing the Augean stable, rather than probe which wastes time and resources, is necessary. For the critic that have clearly shown they have lost touch with realities, Senator Diri, the fifth civilian governor of Bayelsa State has, since he came to power miraculously in 2020, revealed truly a visionary man. With a deep sense of maturity, rare patience, simplicity and focus, Diri, like the famed eagle, is uncommonly and incurably visionary and deeply “aware” of his sense of mission to humanity and strategies to deliver his developmental agenda to the people. He is Development is not about newspaper, radio or television propaganda but perception and appreciation of physical accomplished projects by the people visionary enough to remember his little beginning from his country home of Sampou in Kolokuma/Opokuma Local Government Area of the State and now that he is governor in a move to change the story of development in Bayelsa State. Steadily, things are changing for good and many citizens who never gave him the chance now openly confessed “that they were misinformed about the capacity and personality of the governor”. And now, they know better that Diri is kindhearted and a good man who loves his people across the eight local government areas. In just two years in office, Governor Diri, has left no one in doubt as to the direction of his government of prosperity. He has touched many lives positively through infrastructural projects and various empowerment programmes. The criticisms about performance is absolutely lost to the sane mind. Bayelsans are aware and can visibly see the development pattern embarked upon by the administration of Gov. Diri in last two and half years. It is only a blind and confused critic that cannot see. It is a normal decimal for members of same gang that are united in unexplained anger to engage in negative campaigns whenever their paymasters direct. How do they expect a governor that is a product of people’s electoral trust and accepted by all divide to be cowed by their claims of “non-performance” and “sinking in bad Send Opinions & Letters to: opinions1234@yahoo.com leadership”. Gov. Diri has raised the bar in good governance, security, infrastructural development and peace. The state has moved from these impediments that becloud our development, cleansing the rot to place food on our table, livelihood, security, peace and prosperity. Development is not about newspaper, radio or television propaganda but perception and appreciation of physical accomplished projects by the people. We are lucky to have a leadership that abhors praise singers as sycophantic political tools. As a matter of pride, the popular Edepie/ Etegwe roundabout is a testimony of the infrastructural upgrade within Yenagoa through expansion and beautification work. Also, over 50 internal roads within the state capital were earlier rehabilitated before the construction of 20 new internal roads. The prosperity administration has penchant for policy of continuity with inherited projects. So much has been achieved in the areas of roads and infrastructure, education, health, empowerment, skills acquisition among other sectors. Projects completed and inaugurated so far include a 4.5 kilometre Igbedi road, reconstructed Elebele bridge, section one of the Igbogene- AIT Elebele outer ring road to Okarki end, the New Yenagoa city road from Onopa and the historic Nembe unity bridge that connects Nembe-Ogbolomabiri to Bassambiri. The audacious move by previous administration to link riverine communities to Yenagoa, the state capital by roads through the three senatorial projects are on course. The prosperity government has continued with the construction of Sagbama-Ekeremor and Yenagoa-Oporoma road projects. Continues online:www.vanguardngr.com •Oredipe is Director/ Coordinator, New Media, to the Bayelsa State governor
Nigeria’s oil exploration begins to decline as rig count falls By Udeme Akpan, Energy Editor ENERGY A new setback has emerged in Nigeria’s oil industry as exploration suffers drop in rig count to 10 in August 2022, from 11 recorded in the previous month, according to the Organisation of Petroleum Exporting Countries, OPEC. The rig count is a major index of measuring exploration and other activities in the upstream sector of the petroleum industry globally. The rig count had started this year from a low point of 6 but progressed steadily to 11 in April which it sustained till July before the setback. The organisation did not disclose the factors responsible for the drop in exploration in its Sep- LAUNCH — From Left: Adeniyi Tobi ,Go-To-Market and Planning Director, Unilever Nigeria; Oladapo Oshuntoye, Category Manager, Homecare, Unilever Nigeria;Folake Ogundipe, National Finance Director, Unilever Nigeria;Kehinde- Lawal Bolanle, West Africa Nutrition Business Lead, Unilever and Kolade Oluwapelumi, Brand Manager, Sunlight, Unilever Nigeria.during the Sunlight Masterbrand Relaunch held in Marriott Hotel, Lagos. Photo: Akeem Salau I’ll pursue ‘warm handshake policy’ for private sector — Atiku •Says Nigeria currently dressed in borrowed robes By Yinka Kolawole ECONOMY THE presidential candidate of the Peoples Democratic Party (PDP) in the coming general elections, Atiku Abubakar, has said that his plan for the economy, if elected, is to pursue a “warm handshake policy for the private sector”, noting that Nigeria is currently being dressed in borrowed robes. Speaking in Lagos yesterday at CURRENCY BUYING SELLING US DOLLAR POUNDS EURO FRANC YEN CFA WAUA RENMINBI RIYAL RAND 2,350.00 -36.00 17.98 +0.03 93.53 -0.47 87.47 -0.31 427.51 428.01 428.51 500.1867 500.7717 501.3567 434.0937 434.6014 435.1091 449.0651 449.5903 450.1155 3.003 3.0065 3.01 0.6351 0.6451 0.6551 555.5896 556.2394 556.8892 61.6978 61.7704 61.843 113.7509 113.8839 114.017 CBN Exchange rate as at 13/09/2022 the Private Sector Economic Forum for 2023 Presidential Election organised by the Lagos Chamber of Commerce and Industry (LCCI), Atiku stated: “Nigeria is being dressed in borrowed robes; Nigeria is broke and has consistently runon budget deficits since 2015. These budget deficits are often above the 3% threshold permissible under the Fiscal Responsibility Law and more if you add CBN and AMCON debt in ways and means. The country is breaching one of the applicable debtsustainability thresholds by spending more on debt servicing than the country’s revenue. “No one should downplay the enormity of the tasks ahead. Indeed, I cannot think of a more daunting challenge than restoring confidence in the future of Nigeria as a dynamic economy and stable democracy. “I will not come unprepared. It is not in my character as a businessman or as a public officer to be caught off guard. My policy document contains the right policies that will be timely delivered.” In his welcome address, LCCI President, Dr. Michael Olawale- Cole, noted that the Chamber is non-partisan, but interested in the economic agenda of the candidates and their plans to make a better Nigeria in the next dispensation. He stated: “The chamber is aware of the overshadowing effect of politics over economics in managing the Nigerian economy and would therefore wish to contribute to the setting of a new economic order that can take our economy from the doldrums. “Beyond economic management, we understand that countries rise or fall through leadership and governance. Nigerians have another opportunity to decide who leads them in the next four years from 2023-2027.” Vanguard, WEDNESDAY, SEPTEMBER 14, 2022 —19 tember 2022 Monthly Oil Market Report, MOMR, obtained by Vanguard yesterday. However, it indicated that operators, including the International Oil Companies, IoCs and their indigenous counterparts, did not invest much in oil exploration during the period. It also means that the impacts of the Petroleum Industry Act, PIA, expect to be positive on investment, exploration and production has not yet been felt. However, the report showed that Algeria was the highest deploying nation with 33 rigs 5-Day activation exercise for Ehingbeti Lagos Economic Summit begins By Cynthia Alo The Lagos State govern ment has flagged off a five day activation exercise to herald the Ehingbeti Lagos Economic Summit scheduled to hold on October 11 and 12th. The summit is expected to unveil a new economic plan (2022 to 2052) for Lagos State. The flag off ceremony which took place simultaneously in Yaba and Obalende areas of Lagos State was aimed at creating awareness for the summit as many Lagosians are hopeful that the summit would incubate innovative ideas and policies that will change the economic narrative of Lagos whilst achieving the target of being of 21st century State. Starting in the year 2000 from the collaboration between the private sector and state government, Ehingbeti has come up with 222 resolutions and implemented 210 out of the 222 resolutions representing a success rate of 95 percent. Some of the resolutions from the past summit include, the while Equatorial Guinea came last with no rig whatsoever. Commenting on the development, the National President, Oil and Gas Service Providers Association of Nigeria, OGSPAN, Mazi Colman Obasi, said it would take some time for the impact of the PIA to show on the industry. According to him, the industry requires long term investment and mobilisation of resources, including funds from within and outside the nation. He said: “It would take a relatively long time to reap the fruits of the PIA, especially in terms of oil and gas exploration and production. Some investments are currently being made, but they would not amount to major oil and gas finds and output immediately.” The Lead promoter, Energyhub Nigeria, Dr Amieyeofori Felix, also noted that the positive impact of the PIA would be gradual. ECONOMY ‘Ikoyi Link Bridge, the BRT project, the rail Projects (Blue Lines and Red Lines) and the Imota Rice Mills that will begin production in the fourth quarter of this year, with an estimated production capacity of 2.8 million 50kg bags of rice annually. Recall that the the Co-Chairman, Ehingbeti Lagos Economic Summit and Commissioner of Economic Planning and Budget, Lagos State, Sam Egube, at a pre-summit stakeholders engagement in Lagos, stated that the move is hinged on the evolving changes across the globe, stressing that a long term plan that is practical, current and that would help deliver the State’s vision of being a global financial hub that is safe, secured and productive. “This meeting again to announce that Ehingbeti is here again and coming again and to celebrate that plan and give account of what Ehingbeti and Lagos has achieved with all the resolutions that we have,” he said. CIIN empowers over 50 young insurance professionals By Rosemary Iwunze The Chartered Insurance In stitute of Nigeria (CIIN), in line with its mandate of training insurance professionals, has empowered over 50 young insurance professionals at the third edition of its youth mentorship Parallex Bank gets 8 international certifications for improved banking services MONEY MARKET By Elizabeth Adegbesan In an apparent commit ment to offering its customers limitless banking experience, Parallex Bank has received eight different international certifications from the International Standards Organization (ISO) to strengthen its services. The ISO is a non-governmental organization that comprises standards bodies from more than 160 countries, with one standards body representing each member country. The certification outlines the requirements and specifications a product, process, or service must meet to ensure its quality is consistent from country to country. The latest global certification received by Parallex Bank includes five certifications, which are: Payment Card Industry Data Security Standards (PCIDSS); COBIT 2019; ISO 27017; ISO 27031; and ISO 29100. The bank had earlier, in July 2022, received an initial international certification for business continuity and management (ISO 22301:2019); an information technology certification (ISO 27001:2013); and a certification that Parallex Bank has met all of the requirements to deliver managed IT services of acceptable quality to its customers (ISO 20000-1:2018). With this global certification, customers of Parallex Bank can now begin to see the quality and higher standards of products and services that consistently meet their needs and enhance customer satisfaction through continuous improvement and engagement. The Country Representative of FrenchCert UK, Dr. Orlando Odejide, commended Parallex Bank’s unwavering commitment to excellence, adding that the management and staff of the bank have demonstrated resilience and passion in their investment of time and resources in getting these certifications. The Managing Director, Parallex Bank Limited, Mr. Olufemi Bakre, while expressing fulfillment over the certifications, said the bank is sold out on its promise of offering limitless banking experience and will not leave any stone unturned in achieving that feat. INSURANCE programme tagged ‘Boot Camp 3.0’. The CIIN youth mentorship programme is a two-day annual event organised for the young insurance practitioners to learn from mentors, industry giants, network and have fun. Delivering his welcome address at the Programme President/ Chairman of Council, CIIN, Mr. Edwin Igbiti, said that the mentorship programme was established by the Education Committee of the Institute with the aim to; develop/train young professionals in the industry to become leaders, equip them with managerial and leadership skills for career advancement and include them in the activities of the Institute and industry in order to encourage active participation. According to Igbiti, digitalization has become a force that is driving massive changes in the insurance sector and grooming young insurers who are technologically savvy will aid the fast transitioning of the insurance industry in this digital economy.
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