Monday, August 17, 2015

PRESIDENT BUHARI SEEKS‘fearless’ judges to try looters



President Muhammadu Buhari
President Muhammadu Buhari has commenced the process of identifying a few fearless and courageous judges who will be saddled with the responsibility of prosecuting persons who have been found to have stolen national resources, THE PUNCH has learnt.
Buhari had while granting audience to members of the National Peace Committee led by Gen. Abdulsalami Abubakar in the Presidential Villa, Abuja on Tuesday disclosed that the prosecution of the indicted persons would commence in a matter of weeks.
“Those who have stolen the national wealth will be in court in a matter of weeks and Nigerians will know those who have short-changed them,” the President had told his guests.
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Our correspondent however learnt on Sunday that the prosecution would not be open to “just any judge.”
It was learnt that the President was committed to ensuring that only judges who would expedite action on the cases and would be fearless in discharging their duties would be enlisted for the prosecution.
A source confided in our correspondent that that was one of the assignments Buhari gave to the Prof. Itse Sagay-led Presidential Advisory Committee Against Corruption which he set up on Monday.
The source said it would not be necessary to set up special courts to try corruption cases since efforts were already underway to identify judges that would key into the President’s dream of ensuring that no looter was left unpunished.
He said, “We do not need to entertain any fear that the prosecution of corruption-related cases will not be fast enough because many of our courts are already weighed down by many cases.
“The truth of the matter is that not all judges will be considered to take up the cases of those who have stolen our commonwealth.
“As a matter of fact, one of the assignments the President gave the Presidential Advisory Committee Against Corruption led by Prof. Sagay is to identify fearless and courageous judges that will handle the cases.
“The idea is to ensure that the judges who will handle the cases will not be just any judges. They must be those who will expedite actions on the cases and discharge their duties with courage.
“You can see that with this development, the issue of special courts for corruption cases may not come. It is about special judges.”
Our correspondent also gathered that Buhari was already considering withdrawing national honours from any individual found to have looted the nation’s treasury.
It was learnt that the President’s position was that the nation should not be seen to be honouring any fruadulent person.
“The President will not hesitate to strip any corrupt person of national honour. Can you honour a person for milking the nation dry? It is irrelevant how long such persons have been bestowed with the national honours, they will be stripped of them,” the source said.
When contacted, the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, said it was reasonable that anybody found to be corrupt should be stripped of national honours.
Adesina however said such withdrawal of national honours would not be done until affected persons had been convicted by competent courts.
“Although it has not been considered, it is reasonable that those found guilty of corruption should be stripped of national honours bestowed on them. However, this will not be done before conviction,” the presidential spokesman said.
While announcing the establishment of the Presidential Advisory Committee Against Corruption on Monday, Adesina had said its brief was to advise the present administration on the prosecution of the war against corruption and the implementation of required reforms in Nigeria’s criminal justice system.
He said the committee was also saddled with the responsibility of developing comprehensive interventions for achieving the recommended reforms.

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Wednesday, April 01, 2015

How Jonathan lost




President Goodluck Jonathan
IF President Goodluck Jonathan was afraid of the outcome of the just concluded presidential election, he never showed it. Before the election was held, he had started giving conditions on the type of people he wanted to dominate the forthcoming Eighth National Assembly
 “I would want you to elect members of the Peoples Democratic Party to the National Assembly so that I can work with people who are not rancorous” – President Goodluck Jonathan told party supporters at one of his numerous presidential rallies.
But like the biblical Moses, Jonathan has failed to lead his party, the Peoples Democratic Party, to his dreamland. His reign has brought to an abrupt end the 16-year uninterrupted reign of the party, whose former National Chairman, Vincent Ogbulafor, had boasted would remain in power for at least 60 years. A senior employee of the party told our correspondent in Abuja on Tuesday that the former party chairman could have probably meant 16 years in his projection.
Though the President didn’t start out to fall by the wayside, some states actually plotted his downfall. Principal among them were the five out of the six states of the South-West. Traditionally, the President, being a southerner was expected to have wormed his way into the hearts of the people of the South-West. This was because when he was being haunted by the then presidential candidate of the defunct Congress for Progressives Change, who was his major challenger in 2011, Maj. Gen. Muhammadu Buhari (retd.), Jonathan came to seek the backing of the zone. All of the states in the zone obliged him except Osun, where he lost. But in other states like Lagos, Ogun, Oyo, Ekiti and Ondo, he won.
However, in 2015, it was a different scenario as only the people of Ekiti State seemed to still remain friendly with the President. With a little margin, he got 176,466 votes as against 120,331 votes of Buhari, the presidential candidate of the All Progressives Congress. Even in Ondo State, where the President’s party is in charge, the people revolted. In unison, the majority of the people abandoned him for Buhari by giving him 251,368 votes as against 299,889 they collectively gave the former Head of State.
Taking a leaf from the South-West example, some states in the North-Central, which were traditional supporters of the President, also deserted him. Those states include Benue, Kogi and Kwara. A former Governor of Kwara State, Senator Bukola Saraki, was among the members of the PDP, who were hounded out of the party. Saraki threw his hat into the ring and joined forces with the opposition to give a killer blow to his former party and its presidential candidate.
Though the President was able to make a showing in other states from the zone, voters from the North-West were not considerate of Jonathan in their voting. The only zone with seven states witnessed all of them chorusing in harmony and actively participated through their votes in the revolution that sacked Jonathan from Aso Rock. These states are Sokoto, Katsina, Zamfara, Kebbi, Sokoto, Jigawa and Kaduna.
It was also not a rousing outing for the outgoing President in the North-East, where his government has been battling Boko Haram insurgency. Five out of the six zones voted for change and rejected continuity which the President campaigners said he represented. Voters from those states that would prefer President Jonathan to relocate to his Otuoke, Bayelsa State home, instead of spending another four years in office, were those of Yobe, Bauchi, Adamawa, Borno and Gombe. The governors of the zone, who are members of his party and who he regularly referred to as his field commanders, were outrun by the voters with their Permanent Voter Cards, which they willingly used as their weapons. These governors are Isa Yuguda (Bauchi), James Ngilari (Adamawa) and Ibrahim Damkwambo (Gombe). Nevertheless, the President made a remarkable showing in Taraba State. But that was not enough to guarantee his second term ambition. These are the part of history-making states that made President Jonathan the first Nigerian president to lose his re-election bid. A return to Otuoke, therefore, beckons.
The President would however not return alone. He is expected to be accompanied by members of his immediate family led by his wife, Patience, whose stay in Aso Rock has added a wide vocabulary to Nigeria’s political lexicon.
Her many gaffes were said to have drawn more flaks for the President. If this was true, Patience was not bothered. While the President asked his supporters to moderate their speeches and stop hate campaigns, his wife was uncontrollable.
Throwing caution into the winds on many occasions during the PDP women presidential rallies, Patience once described Buhari as “brain dead” and asked Nigerians to reject the retired soldier. Referring to his age, she said it was wrong for such a 72-year-old man to be dragging the office of the President with her husband.
It was obvious that her counsel was not convincing enough to the voters, who in their millions voted for Buhari and rather asked Patience and her husband to vacate the opulent building they moved into since 20

Buhari thanks Nigerians, calls for sober reflection

   
 


President-elect, Maj. Gen. Muhammadu Buhari
The candidate of the All Progressives Congress in the just-concluded elections, Maj. Gen. Muhammadu Buhari (retd.), has expressed gratitude to Nigerians for voting him and his party to steer the ship of state for the next four years.
Buhari said this in an interim message of gratitude to Nigerians in Abuja, on Tuesday.
This was contained in a statement signed by the Director of Media and Publicity of the APC campaign, Mallam Garba Shehu.
In the message, Buhari thanked Nigerians “for choosing him and his party over and above the PDP and their candidate, the incumbent President, Dr Jonathan Goodluck.”
The APC statement said it “declared victory after Dr. Jonathan called General Buhari at 5:15pm to make a concession and congratulate the winner.”
Shehu quoted Buhari as saying the mood of the country as well as its current state did not warrant the type of wild celebrations reportedly going on in some cities across the country.
“Buhari said anybody happy with the victory of the APC in the presidential election will not be involved in the molestation of opponents or the destruction of their property.
“He or she is not with me, whoever does that,” Buhari curtly said.
He is expected to make a major acceptance speech at 11 am today after the Chairman of the Independent National Electoral Commission, Prof. Attahiru Jega, might have officially declared him as the winner of the March 28 presidential election.

Wednesday, March 25, 2015

Obasanjo warns against plot to hand over to military




Former President Olusegun Obasanjo
FORMER President Olusegun Obasanjo on Tuesday warned against handing over the reins of government to the military.
Obasanjo said the speculation that the government was planning an Interim Government had been substituted by speculations that President Goodluck Jonathan was plotting to hand over to the military. He said that doing so would undermine the integrity of the country.
The ex-President, while hosting Aisha Buhari, wife of the All Progressives Congress presidential candidate, Maj. Gen. Muhammadu Buhari, said, “I do hope we will get things more right. A lot of rumours are flying around; I think we have gone away from the rumour of Interim Government because that is not in our constitution.
“I hope we will soon go away from the rumour of handing over to the military because the military is not meant to run the affairs of a nation in terms of running government.”
Obasanjo, who said that he was happy that the country had gone beyond the Interim Government rumour, added that he hoped the nation would also survive the rumour of handing over to the military.
He said, “The international community will not condone it, particularly the African Union where we have a situation, we have said and it is part and parcel of the constituting Act of the African Union. Any government that is brought about not on the basis of the constitution will not be accepted; will not be tolerated and will not be a member of the AU until that government is dismantled.
“It shouldn’t be. We are the largest country in Africa; we should be a model, setting examples, we shouldn’t be drawing Africa backwards. I hope we will not. I hope at the end of this exercise, we would be where we should be, leading Africa and showing examples for the rest of Africa and indeed the rest of the world.
“We have the goodwill of many people. I watched last night, President (Barack) Obama talking about our constitution; I watched our Brother from Ghana, the current Chairman of ECOWAS talking about our constitution. They are all interested, they all wish us well; should we wish ourselves anything less?”
Recently, the former President had warned the current administration not to plunge this country into chaos by following the footsteps of the former President of Cote d’lvoire, Laurent Gbagbo, who refused to hand over to the winner of the presidential election in his country.
Obasanjo also bemoaned hate campaigns among politicians, advising that they should focus more on what united the country as opposed to what divided the country.
According to him, for anyone who is interested in the future of this country, issues of insecurity, economy and unemployment, among others, should form the focus of political campaigns.
He said, “Unfortunately, issues that should have been the main item of our campaign, they did not. We have serious issues of security, we have serious issue of our economy, we have issue of unemployment, particularly youth unemployment, we have serious issues of infrastructure.
“These are issues among others that I believe campaign of those who are interested in the present and the future of this country should be directed at.
“How are we going to get them and what are we going to do? Not trivial issues of certificate or no certificate, not trivial issues of somebody talking about someone is a Nigerian and not a Nigerian.
“I said it, this is what they had in Cote d’Ivoire and led them into almost a very serious problem, not issue of religion, not issue of tribe, not issue of section but issues of unity of this country and the hate campaigns that we have embarked upon now, I hope this will be the last time in the history of this country that we will have this type of campaign of hatred or division.”
Obasanjo commended Buhari’s wife, stressing that women had a role to play in politics and enthronement of good governance.

Trader murders customer over N10 cigarette



Nigeria police logo
The police in Lagos have arrested a 42-year-old man, Alli Mustapha, for allegedly killing one of his customers, Idowu Maliki, in the Ikotun area of Lagos State.
PUNCH Metro learnt that Mustapha had a shop at Imope Compound in Ikotun, where he sold petty goods to people in the community.
The Niger State indigene was alleged to have sold a stick of cigarette to the deceased on Saturday, March 7, which the latter refused to pay for.
Our correspondent learnt that when the victim returned to the shop some minutes later, an argument ensued between him and the suspect.
In the ensuing scuffle, our correspondent learnt that Mustapha hit Maliki’s head with a long stick and he slumped.
Efforts to revive him failed as he was later confirmed dead at the Igando General Hospital.
In his statement to the police, Mustapaha admitted to committing the crime, adding that the deceased had first hit him.
He said, “I don’t know the man’s name, but he comes to my place to buy things. On the fateful day, he came to buy a stick of cigarette. He did not pay for it.
“He returned few minutes later and wanted to enter my shop. I refused to allow him. But as I tried to stop him, he took a stool and hit me with it.
“Then he started looking around for other things to hit me and that was when I quickly grabbed a long stick which I usually kept in my shop to protect myself, and hit his head with it.”
It was learnt that the victim was first rushed to a private hospital, but was rejected before being taken to the Igando General Hospital.

Don’t demand fees in dollars, CBN warns schools, landlords



CBN Governor, Mr. Godwin Emefiele
The Central Bank of Nigeria on Tuesday warned schools, landlords and other business enterprises against demanding foreign currencies for the settlement of transactions carried out within the country.
The CBN Governor, Mr. Godwin Emefiele, gave the warning while briefing journalists shortly after the end of the two-day Monetary Policy Committee meeting, which was held at the central bank’s headquarters in Abuja.
Emefile said the official currency of the country remained the naira and warned that the central bank would no longer tolerate what he described as the “dollarization” of the economy.
The CBN governor said if the development remained unchanged, the bank would be forced to go after such organisations that were in the habit of demanding foreign currencies for the settlement of transactions.
He said the bank had identified the practice as one of the reasons for the high pressure on the naira.
Emefiele said, “There is a need for us to continue to imbibe fiscal discipline as much as we will see whatever can be done to build the Excess Crude Account; but from our side at the CBN, we are going to be taking certain actions that will nip some of the demands that are not useful in the bud.
“You have heard the incidence of partial dollarization of the economy. We will take actions to prevent that; the currency for doing business in Nigeria remains the naira and we will be looking at areas where people are making demands for foreign currencies.
“People who are landlords that are asking for rents in dollars; schools are asking for school fees in dollars or transacting business in dollars.
“This is illegal in Nigeria and we will like to advise those who are involved in this practice to desist from it because the CBN will in due course come after them.”
When asked what the outlook for the naira would be within the next few months, the governor said some of the recent measures taken by the CBN would help to reduce the pressures on the nation’s currency.
Some of the measures, according to him, are the improvement in supply of foreign exchange, deepening of the market and cutting what he described as ineffective demand.
Emefiele expressed optimism that after the elections, confidence in the naira would improve and the economy would move in an upward direction.
He said, “The exchange rate in the bureau de change market is going for N220 but I will like to say that this is a shallow market compared to the interbank market in terms of percentage in the foreign exchange market; it is, in my view, very insignificant and that market deals mainly in transactions that are not documented, and for that reason, we will not be looking at the outlook for the naira by looking at the BDC rate.
“But if you look at the outlook based on the interbank, which is on the average of N198, I believe that given the pressures that we have seen in the market as a result of the drop in crude oil prices and the pressures that have come with it, that adjusting the currency at the level it is now is okay and it is still sufficiently appropriate.
“But a number of measures have been taken in terms on improving supply, deepening the market and looking at areas where demand pressures can be cut and demand inefficiencies can be cut.
“I am sure that in due course, the central bank will begin to take actions that will look at areas where people make demands that are not effective, demands that we think are not useful for the economy.
“We will try as much as possible to control these to ensure that we look at the interplay between demand and supply, and what we will start to see is effective appreciation of the currency.”
On the removal of the country from the JP Morgan index, Emefiele said the central bank was doing all within its power to remain on the index.
He said the bank had begun taking steps to address all the issues raised by JP Morgan for the country to be re-admitted onto the index.
The CBN governor said, “We are committed to remaining on the JP Morgan index. The JP Morgan index has already told us what we have to do and that is that we need to deepen the market, increase the level of transparency and liquidity in the market.
“We do not have to meet or talk with them once we have met the criteria they want us to meet. We have done a lot and there is a lot of liquidity that has been injected, and we believe the market is sufficiently deep today to the extent that all the demands are effective.”
Emefiele also denied insinuations that the central bank was giving priority to foreign investors in the sale of foreign exchange, noting that it was only selling through intervention on a daily basis to people who had legitimate demands.
He said, “There is nothing like prioritising sale to foreign investors. The CBN sells foreign exchange through intervention on a daily basis or as it deems fit to sell foreign exchange to people who have effective demand.
“What we have done consistently is to make sure that for the foreign investors, we have made a promise to them that it is a free entry and exit, and that whenever they do decide to come in to invest in Nigeria and whenever they decide that they want to go out of the market, they should have unhindered access to get foreign exchange to exit.”
On the key monetary policy indicators, the governor said these were left unchanged owing to the fact that the previous decisions needed time for their effects to fully permeate into the economy.
Consequently, he said all the 11 members of the committee voted unanimously to retain the Monetary Policy Rate at 13 per cent; Cash Reserve Requirement on private sector deposits at 20 per cent; CRR on public sector deposits at 75 per cent; and the liquidity ratio at 30 per cent.
Asked what the interest rate outlook would be for the short to medium-term, the governor said, “The stance for now remains very tight and we will continue to monitor liquidity in the system, particularly during this election season, and in the course of time.
“The CBN will be taking certain actions and we don’t know what it is because of the size of the liquidity, depending on what people use liquidity for, whether they use it to target the real sector of the economy or whether they use it to carry out what I call the unholy attitude of attacking the currency.”

Anxiety as judge adjourns suit to stop Buhari till today



Maj.-Gen. Muhammadu Buhari (retd)
There was anxiety in the camp of the All Progressives Congress on Tuesday as a Federal High Court in Abuja fixed Wednesday (today) for further proceedings in one of the suits challenging the eligibility of the presidential candidate of the All Progressives Congress, Maj. Gen. Muhammadu Buhari(retd.), to contest in Saturday’s presidential election.
Justice Adeniyi Ademola is to rule on fresh applications by intended parties seeking to join the suits as defendants.
The judge fixed Wednesday (today) for the ruling after hearing the intended parties’ applications on Tuesday.
Those whose applications for joining the suit as defendants were heard on Tuesday are Ebun-Olu Adegboruwa, Chukwuma Ochu, Sunusi Musa, Ahmed Maitarki and the Fiscal and Civil Rights Enlightenment Foundation.
The suit was filed on January 26, 2015 by a lawyer, Chukwunweike Okafor, asking the court to declare Buhari ineligible to contest the presidential election slated for Saturday over his (Buhari’s) alleged failure to submit his school certificate along with his Form CF001 to INEC.
The Plaintiff’s counsel, Chief Mike Ozekhome (SAN), had in his objection to the applications of the intended defendants, described the applicants as interlopers.
The existing defendants in the suit are the Independent National Electoral Commission, Buhari and the APC.
Earlier on Tuesday, the judge ruled that he would hear both the main suit and Buhari’s preliminary applications challenging the court’s jurisdiction together.
The plaintiff, through his counsel, Ozekhome, insisted that both the main suit and the preliminary applications should be heard together.
But Buhari and the APC had urged the court to hear and determine their preliminary applications which bordered on the court’s jurisdiction first before entertaining the main suit.
The court agreed with the plaintiff and ruled that he would entertain the preliminary applications and the main suit together.
But when the suit will be heard depends on the outcome of the court’s ruling on the applications of intended parties in the suit.
Buhari and the APC had challenged the mode of service of the plaintiff’s originating summons on them, insisting that the issue bordered on the jurisdiction of the court.
Chief Wole Olanipekun (SAN), who is representing Buhari and Lateef Fagbemi (SAN), counsel for the APC, had while opposing the plaintiff’s prayer to quickly hear the suit, argued that there was no law stipulating that pre-election cases must be heard before the conduct of the elections.
There are about 10 suits instituted against Buhari’s eligibility to participate in the presidential election.
The plaintiff argued that failure of Buhari to submit his school certificate   to INEC contravened provisions of sections 131 and 318 of the 1999 Constitution and section 31(3) of the Electoral Act, 2010.
APC warns against disqualifying Buhari
Before the court’s sitting, the APC warned against any orchestrated and last-minute disqualification of   Buhari in order to pave the way for an easy victory for President Goodluck Jonathan of the Peoples Democratic Party.
The APC, through a statement by its National Publicity Secretary, Lai Mohammed,   also cautioned against another postponement of the elections.
It said, ‘If it is true, as it is being widely speculated across the country, that the Jonathan administration has procured a judgment to disqualify the APC presidential candidate on Wednesday(today), when the Federal High Court in Abuja is expected to rule on the issue, then it portends a great danger for the nation.”
The party said in addition to other reasons, the six-week postponement of the elections might have been used by those who never wanted the polls to hold   to shop for such a “satanic judgment.”
The statement partly read, ‘’Anyone who will disqualify a presidential candidate on the eve of an election can only have one and only one purpose for that: to trigger chaos and pandemonium across the country.
“Perhaps, this is the reason for the deployment of troops across the country to crack down on possible protests and create confusion.
‘’Then, those who orchestrated the disqualification will simply use what they expect to be angry reactions nationwide as an excuse to postpone the elections again, thus triggering a constitutional crisis, the end of which no one can predict.
‘’This is why we are hoping that good reason will prevail and nothing will be done, deliberately, to plunge Nigeria into crisis by the same people who have always been quick to say their political ambition is not worth the blood of any Nigerian.’’
When contacted, the Deputy National Publicity Secretary of the PDP,   Abdullahi Jalo, said, “By now, Nigerians have become accustomed to the antics of the opposition. I don’t think anybody takes them seriously any more.”

Tuesday, March 24, 2015

Emenike faces ban for walking off pitch

Emmanuel Emenike
Fenerbahçe forward Emmanuel Emenike faces disciplinary action in the Turkish league following his indecent reaction in the derby against Beşiktaş at the Şükrü Saracoğlu Stadium on Sunday.
The Nigeria international tore off his shirt in anger and ran off the pitch, demanding to be substituted in the first half, after his fans booed him for missing a ‘simple’ chance to put the hosts ahead.
It took the intervention of Fenerbahçe manager Ismail Kartal and his technical staff to stop Emenike from walking down the tunnel. Kartal eventually managed to convince him to put his shirt back on and return to the game.
A former referee in Turkey Ahmet Çakar said Emenike deserved punishment for leaving the pitch and re-entering without permission. He said it was a technical error not to have booked the player, and that the action could mean a replay of the derby.
“These incidents are not even open to interpretation, they are all bookable offences, the first thing they teach amateur referees are the rules of the game,” Turkish Football quoted Çakar as saying on Beyaz Tv.
“This was not a refereeing error, it was a technical error and that could result in the match being replayed.”
The 28-year-old has only scored four league goals for The Yellow Canaries this season, but Kartal revealed he prayed for the Nigerian to score and break his poor run of form in the derby.
“I prayed for Emenike to score and win over the fans again,” Kartal told Lig Tv. “The fans need to be more patient and understanding, he cannot change around his fortunes with everyone getting on his back.”
Fenerbahçe eventually won the game courtesy of a 90th minute goal from Mousa Sow, but not before Kartal had substituted Emenike at the start of the second half.
The manager also gave Emenike a two-day leave to be spent in Nigeria during the international break.

Corporate group endorses Jonathan

President Goodluck Jonathan
A Non-Governmental Organisation, the Nigerian Corporate Forum, has expressed confidence in President Goodluck Jonathan to do more if re-elected on Saturday.
The group, therefore, urged members of the corporate world to vote massively for Jonathan on March 28.
The group stated its position during a press conference in Lagos on Monday.
The Chairman of the forum, Otunba Funsho Lawal, said Jonathan had done well in the areas of education, agriculture, infrastructure and the economy as a whole.
Lawal, who is also the Chairman of the Corporate Affairs Commission, said he and many other captains of industry would vote for Jonathan because his government had created an atmosphere for private business to thrive.
He said, “It is noteworthy to mention here that the private sector has flourished and benefitted immensely from the business-friendly programmes of the Jonathan administration. Today, the Nigerian economy, with an average growth rate of 6.2 per cent per annum, is the largest economy in Africa – thanks to Jonathan’s administration.
“We, the corporate forum, therefore, resolve to encourage this administration to do more in order to consolidate on the gains already made to take this country to greater heights. Finally, the corporate forum on March 23, 2015, hereby endorses President Goodluck Jonathan for another term of four years.”
Director of the group, Mr. Francis Kudaya, said apart from the economy, Jonathan had made several achievements which had impacted directly on the life of the common man.
He said, “There have been financial sector reforms, pension reforms, Local Content Act, job creation reforms and manufacturing reforms. There have also been aviation sector reforms, maritime sector reforms, railway reforms, human capital reforms, education reforms and power reforms. Even though we have not seen the full impact of the (power) reform, we will soon begin to see power become much more stable.
“There have been trade and industry reforms, solid minerals reforms, health sector reforms, Freedom of Information Act. He is the first President to successfully convene the National Conference and this is what many previous presidents never had the courage to do although it is still subject to ratification by the National Assembly but we feel confident that most of the resolutions will be passed.”
The Director-General of the Nigerian Institute of International Affairs, Prof. Bola Akinterinwa, commended the group for encouraging Nigerians to vote.
He said those in the corporate world – who are educated – should see it as a duty to educate the masses and guide them on who to vote for so as not to be led astray.

Development bank begins operation with N300bn


CBN Governor, Mr. Godwin Emefiele
President Goodluck Jonathan on Monday formally inaugurated the Development Bank of Nigeria with a capital base of $1.5bn (about N300bn).
The bank is being supported by development partners such as the African Development Bank, World Bank, Agence Francaise de Development, and KFW Entwicklungsbank of Germany
The development bank, according to the President, will support medium to long-term lending to Micro, Small and Medium-scale Enterprises, with duration of up to 10 years and a moratorium period of up to 18 months.
The moratorium period is to enable the MSMEs a grace period before they will start repaying the loans.
Going by the projection of the Federal Government, the capital base of $1.5bn (about N300bn) is expected to increase to $5bn (about N1tn) in the medium-term and to N2tn within the next 10 years.
Within the first five years of operation of the bank, about 200,000 new loans are expected to be disbursed to MSMEs.
With each MSME creating an average of five new jobs, the government is projecting that the bank will assist in creating one million direct jobs.
The DBN, in collaboration with the development partners, is also expected to provide business training for over one million MSME operators in order to make their businesses more attractive for commercial bank lending.
The President used the opportunity of the bank’s inauguration to unveil a document entitled: ‘Jonathan’s next four years: My vision for a Nigeria that works for all’.
The document, he said, contained his plan to build on the platform his administration had laid in the last four years to deliver growth, prosperity, peace and justice for all.
Jonathan described the occasion as a milestone in his administration’s efforts to empower MSMEs, which according to him, are the backbone of the Nigerian economy.
He described those operating small scale businesses as true reflections of the country’s strong enterprise.
The Minister of Finance, Dr. Ngozi Okonjo-Iweala, explained that the establishment of the bank would guarantee a robust financing for MSMEs.
She said that about 20,000 beneficiaries would be offered loans in the first one year of the bank’s operation.
Okonjo-Iweala said, “I share in the President’s belief that the most valuable change we can make as a government is ensuring that we break this jinx so that small businesses can actually have a full-fledged institution that will provide this access.
“Not just access, but access in a manner that does not stifle them, but instead grows them; access that gives them space to afford a decent life, while nursing their businesses; access in a manner that will not take substantial portions of their profits away from them; access to the sort of finance that empowers them and their communities.
“Simply put, access to credit means financial inclusion; financial inclusion helps convert people’s dreams to reality. This is the reason why we are here today, this is the reason why the President is also here to launch the flagship bank that gives all Nigerians a chance not only to dream, but to also see that the dream becomes a reality.”
The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said in the last four years, over N400bn loans had been disbursed by the Bank of Industry to businesses in the country.
The Vice President, AfDB, Solomon Asamoah, who spoke on behalf of donor agencies, said the new bank would help address funding gaps for Nigerian MSMEs.
The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, said the bank would support the DBN to channel funds to the MSME sector.

Friday, January 16, 2015

I didn’t endorse any candidate – Soyinka





Prof. Wole Soyinka
Nobel Laureate, Prof. Wole Soyinka, on Thursday dismissed claims that he had endorsed some politicians as his presidential and governorship candidates ahead of the February elections.
Soyinka, in a piece titled, ‘Identity Thieves and the 2015 Election Peace Accord,’ warned those spreading the rumour of his purported endorsement of candidates “to be less gullible, and avoid becoming cheap conduits for the deception industry.”
He said, “Let me thus seize the occasion of the Abuja accord to state categorically that I have never made a statement endorsing any presidential or governorship contestant. All such attributions are fabrications by faceless, often self-appointed agents of deception, and should be publicly pilloried.
“Whenever I choose to declare support for a candidate – as is my electoral right – I shall ensure that I deploy a medium that places my authorship beyond dispute.”
Reacting to the peace pact signed by President Goodluck Jonathan and Maj. Gen. Muhammadu Buhari (retd.) on Wednesday to ensure violence-free polls, Soyinka said he was impressed with the outcome of the meeting.
He described the pact as a “positive step in the direction of democracy.”
He commended the efforts of a former Secretary-General of the United Nation, Kofi Annan, and a former Secretary-General of Commonwealth, Chief Emeka Anyaoku, in ensuring the success of the accord.
The Nobel Laureate said if the peace pact was adhered to with sincerity, it would ensure a wholesome space for future elections and avert further violence.
“It might even come close to what the democratic ideal should be, as canvassed by others, including Governor Babatunde Fashola a few years ago,” Soyinka added.
He, however, said he was disappointed that the communiqué issued after the peace meeting made no reference to the victims of political violence.
He said, “From personal interest, however, I was disappointed that the communiqué makes no reference to the violence done to members of the electorate whose identities are stolen, abused and debased during this exercise.
“It is rapidly becoming commonplace to encounter totally fictitious statements, even entire interviews published and attributed to unsuspecting authorship. This criminal proceeding has even involved the cloning of media mastheads to which non-existent interviews are then attached. To render it in local parlance, this is political 419, and of the most despicable brand.
“While it would be unjust to place direct responsibility on the contestants, one must stress that they also have a moral responsibility to denounce these dirty tricksters in the strongest terms, even in their own interest.
“The resentment inspired in victims of such cowardly conduct cannot but impact on their own political image. The media must also protect itself by taking necessary measures against such unprincipled confusionists. It is the democratic right of every citizen to know exactly who is saying what on issues that affect their political choices.
“I take a less serious – indeed, near carnivalesque view of the opportunistic and sometimes de-contextualised use of genuine quotes from statements I have made in the past – that is a different matter entirely. As a non-pensioned writer, however, and thus dependent on the proceeds of intellectual property, such users should expect to hear from my literary agents.
“I join General Abdulsalami and others in hoping that 2015 prove a live-and-learn election year, not a




didn’t endorse any candidate – Soyinka






TOP  BRANDS IN 2015

brands INTRODUCTION AND SELECTING 50 TOP BRANDS 2014 TOP 50 BRANDS NIGERIA These are the brands that have shown tremendous leadership in their sectors and across the corporate Nigeria and had earned sufficient brand equity. This has endeared them to Nigerians and thus, has considerable followership. These brands have transcended their products or services categories to become part of the popular culture. They are iconic, they have set themselves apart from others, and have inspire an enduring affection among the populace. A brand is definitely more than a name, mark, logo, icons or catch phrase. A brand is a promise and successful brands deliver on their promises. They tell consumers what value they add through their products and deliver to the expectation of their customers.
It’s by delivering on the promises that
they create value. The top50brands selected are brands that have weather the storms over the years and are adding values to our daily lives. The 2014 evaluation also includes
top 10 Brands to Watch.
ese are exciting list of potential top brands in Nigeria. Companies with compelling presence and significant brand building activities. Though th
ey aren’t among the t
op 50 yet, but they are promising. We hope this exciting block will be joining the top 50 league table very shortly. Brand has become an essential property that enhances the value of a company. Strong brand enhance followership, market performance and sells the company. The time has come for directors and stakeholders to start making more concerted effort about
their company’s intangible assets which
enhance the value of their brand, at the board meetings, same way they deliberate on stock values. This is because; a strong and healthy brand drives sales and sustains the company. Advertisement, as wonderful as they are only help in communicating your promises. Delivering on your product and/or service promise is key for a sustaining brand power. We evaluate the intangible asset of major brands and presenting the top 50 in the process. While brand valuation is relatively new in Nigeria, we are happy to see increasing awareness of company executives, trying more to ensure that they keep their brand promises. A major limitation to our processes is unavailability of sufficient information, particularly, for the qualitative review of the brand; hence we have to rely on the physical presence, consumer behavior and perception of the brands to arrive at the top, while our target is to have a combination both qualitative and quantitative. We are working with several other organizations to achieve this and hopefully we will be able to have the top 50 brands listed in terms of asset base and consumer perception in the future.
EMERGENCE
Activities that led to the emergence of the 50 top brands 2014 started with a review of major brands in Nigeria earlier in the year. The number of brands for our evaluation was subsequently reduced the top

 
100 that meet stated criteria. These 100 brands were presented to the public at various platforms. This becomes necessary particularly for the popularity survey. Our brand selection was based on a set of criteria which are listed below. The brands that meet the stated criteria was put up for popularity vote to determine their perception from consumers and customers. This was done through a phone based selection system. We assigned a unique set of number to a particular brand which is made known to the general public. To choose their favourite brands, phone users were required to simply flash their
brand’s unique
number and
it’s
 selected. This also gives room to accommodate larger percentage of the populace to partake in the process. We had a set of built in checks to prevent multiple voting from the same phone number, for instance, a phone number can only select a particular brand once, every other time is not recorded. However, same number can select up to 50 brands. The flash to choose system was developed by Vconnect Global Services Limited, a leading ICT firm in Nigeria.
SELECTION CRITERIA Market Acceptability:
This is the extent to which a brand is acceptable to the market. This is actually tested with the popularity evaluation.
Corporate social responsibilities
: in CSR, we relied mainly on publicly available information on the companies, even though
we didn’t have the means of physically examine the claims. We
reviewed these information and try to check from more than one source.
Customer service delivery:

Meeting the ever increasing expectation of the service-sensitive customer is one of the greatest challenges facing organizations today
. In a highly competitive market as we are, customer is central to the success of any organization. The more of them you have and retain the better your bottom-line. Customers on the other hands are getting more demanding, after all, they have options. Customer has got his grooves back. We took time to consider service promises and delivery. This is done by interaction with some customers. Even though everyone is now consciously building on their customer satisfaction, some still exceeded others, mostly, using innovative customer services systems. More investment in training and modern technology has also help. All these reflected in choices made by customers.
Visionary & Innovation:
 A key measurement of healthiness of a brand is its vision which forms the brand promises made. This had to be adequately communicated to all target audience in a language that they understand. Coca-cola, our case study for example has been communicating just one vision/promise, Happiness, wonderful experience. Every of their media reflect this. We live in a fast changing world; a year 2000 model of operation will make a complete failure of any company in 2014. So we took note of those with significant improvement in outlook and public knowledge operations
Popularity evaluation
, we had a phone based selection system specially designed for this purpose by
Vconnect Global Services Limited, called ‘flash to choose’. We
assigned a unique set of numbers to each
https://html1-f.scribdassets.com/5d0m6obm0w43upfj/images/2-38cf893883.jpg
 
of the 100 brands being reviewed. All a user need to do is simply flash his/her preferred brand’s unique number and it’s selected. Certain keys were built in to prevent undue advantages. A particular phone
number can only select a brand once. Any other flash is not recorded. However, a number can choose more than one brand. Our goal on the project is to regularly present monetary values of major operational brands in Nigeria, using the combination of qualitative and quantitative brand valuation methodology. In a short while, the annual TOP 50 BRANDS NIGERIA® table will be based on these two, such that we present the actual monetary worth of the top brands. That is, they will be 50 most valuable brands in terms of financial value of their brands. A major limitation to this is the unavailability of related data which are necessary for our valuation. We are making every effort, working with our partners to make this happen and finally conform to global standard practice. Therefore, the TOP 50 BRANDS NIGERIA® 2014 in alphabetical order are: 1.

ACCESS BANK PLC 2.

AIICO INSURANCE PLC 3.

AIRTEL NIGERIA. 4.

ARIK AIR OF NIGERIA. 5.

BUA GROUP. 6.

CADBURY NIGERIA PLC 7.

COCA COLA NIGERIA LIMITED 8.

CONOIL PLC. 9.

DAAR GROUP (AIT & RAYPOWER) 10.

DANA GROUP: 11.

DANGOTE CEMENT PLC 12.

DIAMOND BANK PLC 13.

DUFIL PRIMA FOOD (INDOMIE) 14.

ECO BANK 15.

ETISALAT 16.

EXXON MOBIL. 17.

FCMB 18.

FIRST BANK NIGERIA 19.

FORTE OIL PLC 20.

FRIESLAND PLC 21.

GLOBACOM. 22.

FLOUR MILL NIG PLC (GOLDEN PENNY

GSK. 
GTBANK PLC 
GUINNESS NIGERIA

HONEYWELL GROUP. 27.

JULIUS BERGER 28.

LAFARGE WAMPCO 29.

MANSARD INSURANCE 30.

UNILEVER NIGERIA PLC

. MTN NIGERIA 31.

MULTICHOIC 32.

NAHCO PLC.

NESTLE PLC. 34.

NIGERIA BREWERIES. 35.

NOKIA
 36.

OANDO PLC 

PROMASIDO 38.

PUNCH NEWSPAPER39.

PZ CUSSON. 40.

Seven-Up bottling Company Plc 41.

SHELL 42.

STALLION GROUP 43.

STANBIC IBTC. 44.

TOTAL PLC. 45.

TOYOTA NIGERIA 46.

UACN PLC. 47.

UBA PLC. 48.



UNION BANK PLC. 50.

ZENITH BANK PLC

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