Saturday, September 19, 2015

SUB-STANDARDS GOODS IN NIGERIA: A CASE STUDY FOR THE RETURN OF S.O.N TO THE PORTS

By Uche Anigbata

It is no more news that Standard Organization of Nigeria (SON) was expelled from our sea and Airports in 2011. 

It is equally no more news that both the Nigeria government and people appear to have collectively consented to suffer the perpetual damage inflicted on them by massive dumping of fake and substandard products mainly from Asia on our soil.

There is no doubt that Nigeria ranks first among the countries  with substandard dumps such as drugs food and beverages, articles, electrical materials, electronics, household appliances and equipment, building materials, automobiles, spare parts and tyres to mention but a few.

It is sad that this absurdity appears to be under-captured and under estimated by both government and the general public. Part of the reason is that we have become accustomed to abnormalities and oddities. 

In Nigeria, lives and properties are lost due to building collapse or fire outbreak occasioned by substandard building and electrical materials; many lives are lost every day on our roads as a result of substandard or twisted tyres, fake brake oil and other substandard parts. 

Nigerians are not getting value for their money because they probably spend five times more replacing and maintaining these products because of their inferior quality, a clear case of huge economic waste and losses.

Dumping constitutes a substantial disincentive to indigenous production and investment in Nigeria. Massive dumping is responsible for failure of many small and medium scale industries in Nigeria. 

This substantially retards our effort towards developing a robust and sustainable industrial base that will actualize our dreams in terms of industrialization and employment generation.

Massive dumping of substandard products constitutes undue pressure on our environment. As a result of waste generated through unnecessary high frequency of replacements caused by use of poor quality products, our environment is always littered and overburdened with replaced and unusable items and packing waste. 

The chain effects of environmental pressure and pollution from this problem as they relate to our farmland marine and aquatic life, blockage of our canals and drainage channels are monumental.

This is a big drain on our economy. Some law-abiding entrepreneurs even lose out under the undue competitive advantages enjoyed by the perpetrators of this  economic crime. Sometimes these entrepreneurs end up in the hands of the EFCC as financial defaulters. 

Some fraudulent business people including Chinese, Indian, Lebanese companies and their Nigerian collaborators sometimes indulge in shipping different qualities of the same product to different importers in Nigeria in order to create artificial competition among themselves to the undue advantage of the exporter and at the expense of our lives and economy.

Dumping has diminished and deformed our sense of quality. Today, Nigerians are more ‘price’ driven than quality. People tend to be more concerned about ‘’what price’’ than value or quality. This dangerous trend is even affecting the quality of our locally manufactured goods. 

Our low quality consciousness which is partly caused by dumping is one of the factors responsible for the poor competitiveness of our locally manufactured products at the international market. Manufacturers are more concerned about survival than quality in the face of the huge pressure presented by dumping.

Dumping creates strong pressure on our foreign exchange portfolio. It constitutes a lot of pressure on our lean foreign exchange earnings because in most cases, the rubbish must be paid for. It therefore has a significant element of capital flight.

In all these, we end up sacrificing lives and so much of our hard earned resources, fatally injuring our economy while growing the GDP and employment index of the exporting countries of these rubbish as well as enriching the pockets of the partners-in-crime including Nigerians and their foreign collaborators.

Therefore there is no justification for the expulsion of SON from our sea and airports. In the face of the danger and threat posed by fake and substandard products flooding our markets, SON must be allowed to return to our sea ports and airports. It is a well-known fact that over 80% of substandard products imported into Nigeria come through the sea and airports. 

If the above points are correct, why is SON not allowed to operate in the Ports which actually present more economical, convenient and efficient environment for result oriented operation? 

In the Port, SON enjoys great synergy working in partner-ship with other agencies of government including customs and security agents. 

Outside the Port these agenciesare working alone with very limited capacity in terms of staff, logistics, security and facilities.

It is true that the security challenges in our country today have also placedsignificant limitation on the capacity and reach of SON. Outside the Port, SON’s activities are seriously hindered due to poor security and the attendant risk of trying to apprehend offenders.

 But returning to the Ports, SON must raise its bar on the issue of the quality, professionalism and integrity of its staff. 

Focus should be more on proactive measures and prevention followed by appropriate penalty like destruction of the imported sub-standard goods and punishment of the criminal as this sometimes end up in huge economic losses that on some occasion trigger a chain of deep rooted negative economic consequences including business failure, bank default and job losses among others. 

For instance, it is  in the overall interest of our socio-economic system  that a criminal is discouraged from embarking on importation of defective electric  cables than catching him  and destroying N50million worth of such product after he borrowed from the bank to effect the transaction.

Less time and resources should be spent on paper work, registrations and renewals and processing of payments by developing a more efficient and cost effective wayof achieving  the required result. Energy and resources released or saved should be directed to greater enforcement of preventive measures including education, public enlightenment, intelligence gathering, surveillance and monitoring.

SON should strongly engage major stake holders including all the arms of Government, the business community, the consumers and the general public by bringing to the front burner the litany of challenges militating against the war on dumping in Nigeria. 

For instance the Act establishing SON is prostate and comprehensively deficient when it comes to punishment regarding offences relating to standards. It is baffling, that the highest penalty for violation of the law on standards is one year imprisonment or fine of N1000. 

How come our legislators have not bothered to increase the punishment for buying and sale of sub-standard products in Nigeria.

As part of its proactive strategy, SON should take the war on sub-standard products to China, the major country of manufacture of majority of these fake and inferior products. First, the relationship between SON and its service providers like Intertek and Cotecna should be reviewed to impose serious penalty on these providers for contractual default. 

There should be a new arrangement which makes clear provision for holding the service providers responsible for failure to perform as stipulated in the contract in terms of assessment of quality of goods coming to Nigeria. 

It may be more useful for SON to consider sending some Nigerian quality experts to China to do this work instead of relying fully on these international service providers that are becoming unreliable and expensive.

SON should also focus more on result than ritual on the issue of bureaucracy as it relates to SONCAP at the country of shipment.

Emphasis should be directed more on the assessment of the quality of the system producing the product and its irreversible capacity to produce quality and standard product than on the product itself. For instance for a factory to qualify to be issued  a product certificate, its Quality Assurance System should have been assessed, audited and dully  certified indicating that any product that passes through that system is ok, quality wise. 

The factory should also commit itself by undertaking that any product bearing its  name or identity as manufacturer must have passed through the Quality Assurance System for which it was certified. 

This certificate should be renewed every year and the manufacturer should bear the major part of the cost of processing or renewal of the certificate. In this way, the cumbersome and costly system which requires that SONCAP certificate be issued for every shipment will stop. 

By this way, the quality Assessment Professionals like Intertek or Cotecna jointly working with some Nigerian experts will only be engaged at the point assessment of the factory’s Quality Assurance System.  This system will be both cheaper and more effective.

Back home in Nigeria, the government should invest more on building of accredited laboratories as well as training and retraining of SON personnel to deepen their professional as well as strengthen our facility capacities. 

It is only when these things are in place that both the manufacturer/exporter and service providers can even take us serious because it will be clear to them that we have the capacity both in human resources and facility to randomly collect sample and test any item or product shipped to us and checkmate any act of short changing or compromise from their end.

It is very apposite now for President Buhari government to convene a summit on fake and substandard products in Nigeria in which all Stakeholders-Government to convene a summit on fake and substandard products in Nigeria in which all Stakeholders-Government, lawmakers, the Judiciary, Business people, Consumers, Consumers Protection Agencies, the Public and Private Sectors, Embassies of major exporting countries, SON, NAFDAC, Customs, Immigration, MAN, and other related agencies will attend and chart a new path to tackling the hydra-headedmenace of substandard products in our market.

Meanwhile, let the Buhari government do the needful by first returning SON to the Ports where it primarily belongs and was more effective. Expecting SON from the Airports is like expelling the Customs from the Ports or asking Immigration to vacate the borders. 

It is really funny and to some extent makes a mockery of our sense of judgment. It is hoped that the Buhari government will bring SON back to the Airports.


Uche Anigbata is a business executive.

Sunday, September 13, 2015

Kidnapped journalist freed in Nigeria

A senior Nigerian journalist who was seized from her home last month has been released, her newspaper and police said on Saturday.

The Vanguard newspaper announced on its website that Donu Kogbara, who was kidnapped on August 30, was no longer being held but gave no further details.

Ahmed Mohammed, police spokesperson in the southern Rivers state, told AFP: "Donu Kogbara has regained her freedom.

"She was released some minutes after two [Saturday morning]. She is fine. I was with her in her house in Port Harcourt until seven this morning.

"The investigation is still ongoing on the motives for her abduction but we would not want to go into details at this stage."

Unknown gunmen abducted Kogbara, who has written a column for the Vanguard daily for 30 years and also worked for British newspapers the Daily Mail and Sunday Times plus broadcasters the BBC and Channel 4.

The motive for her capture was not clear but her columns have previously aired strong opinions on politics and social issues in Nigeria.

The Committee for the Protection of Journalists said last week she had previously called for employees of former president Goodluck Jonathan to be "rounded up, one by one, and arrested, named, blamed, shamed and jailed".

Port Harcourt, the capital of Rivers state, is the hub of the oil-rich Niger delta and seen as a stronghold of Jonathan, who hails from neighbouring Bayelsa state.

Kidnapping for ransom is common in the region and in the past has even seen family members of serving government ministers seized.

Most victims are set free unharmed once the ransom has been paid.

Saturday, August 29, 2015

Jonathan, Dieziani, Obuah implicated in $6.9 million “campaign

"Details of the financial heist committed under former President Goodluck Jonathan is gradually coming to into the open as the probe instituted into the rape of financial resources of Nigeria under his administration by his successor, President Muhammadu Buhari gathers steam."

Documents made available to journalists yesterday (Saturday) by sources at the presidential villa indicated that one of the scandalous spending now engaging the attention of investigators was alleged purchase of three mobile stages, costing $6.9 million in a deal in which the former President, his Chief Security Officer, Gordon Obuah; and former Minister of Petroleum,Diezani Alison-Madueke have been implicated.

The funds, according to sources, was withdrawn from one of the numerous accounts of the Nigerian National Petroleum Corporation, NNPC to buy three 40-feet mobile stages for use by the former President during public events.

But preliminary investigations was said to have revealed that the costs of the stages were not just grossly overstated, the funds were diverted into private account of a company owned by Obuah.

Investigators noted for instance that not even big musicians in advanced countries would pay as much as over $2m per stage while process of procurement also did not follow due process as neither the Auditor-General nor the Accountant-General was involved in the entire process.

Documents made available by presidential sources indicated that the suspicious transaction began with a memo by Jonathan’s CSO to the former President on October 17, 2011, asking for the purchase of three mobile stages.

Obuah had in the memo recalled his earlier discussion with the former President on the security implication of his public appearances and his subsequent directive on the need to procure a secured presidential platform.

The investigators discovered that the former President approved the request on the same day, indicating that he did not seek any financial advice or purchase order reviews.

The former President had in the memo asked the then Minister for Petroleum Resources to fund the purchase of the three stages.

Following Jonathan’s memo, documents made available to journalists revealed, the Senior Special Assistant to the President on Administrative Matters, Matt Aikhionbere, had on the same 17 Oct. wrote another letter requesting the minister to take action on the request to purchase the stages for $6.9m.

NNPC, according to investigators, made the funds available a few weeks after through payment voucher, number 3840336.
The Corporation directed that the funds should be sourced from one of its accounts in New York CITIBANK with sort code CITIUS 33, and Routing number 021000089.

The investigators said they discovered that the funds was first routed from the US bank to an NNPC account in Zenith Bank account number 5000026593, Maitama branch in Abuja, from where the money it was sent to a private account.

The $6.9miilion was promptly paid on Nov. 29, 2011 into a private account belonging to the former CSO.

“The sum of $6.9m was then credited to a Sterling Bank account of one J. Marine Logistics Limited, Abuja, a company the investigators said belonged to Obuah.

The investigators said the CSO has not been able to show proof of the purchase of the stages while his bosses at the SSS also complained that he overreached his power in making the request.

The procedure, as indicated in the investigation documents was that the CSO would have informed the service, which will then review the situation and take the necessary actions.

The investigators added that apart from the clear case of embezzlement, multiple infractions of the law were also committed in the award of the contract by Jonathan.

“The former President approved the procurement of the mobile platforms without due process and bypassing the Procurement Act; neither was there an appropriation in the 2011 budget for such facility,” the document quoted investigators as saying.

The investigators also added that neither the then Minister of Finance nor the Director-General of the Budget Office was aware of the deal.

They also noted the $6.9 million phoney deal is just one of the several instances, in which the Jonathan government used secret NNPC accounts to fund phony projects intended to benefit cronies of the administration.

“Already, the CSO has been questioned over his role and activities in the Jonathan Presidency,” the investigators noted in the document.



Source:PM NEWS

Tuesday, August 25, 2015

Farmers' Market proposed for Akinale, Ogun State

A farmers' market, to serve as outlet for organic agriculture products in Nigeria, is to be established at Akinale, south of Abeokuta, Ewekoro local government, Ogun State.

The CEO of Africa 2000, a United Kingdom based Charity company and promoter of theproject, Mr. Femi Renner and the Traditional ruler of Akinale, Oba Olufemi Adewunmi Ogunleye, were engaged in preliminary discussions at a London Hotel, penultimate week-end, on the feasibility of the project.

Mr Renner said the proposed market for Akinale would be one of four of its type earmarked for Nigeria under the Africa Industrialization program designed to promote sustainable development and ultimate eradication of poverty in the continent, adding that Akinale's market would be devoted for promotion and exploitation of organic agriculture and food products for local and export outlets.

The Africa Industrialization program, it was further explained, would encourage communities to organise themselves into registered cooperatives to own and run various food manufacturing, processing and packaging units, exploiting the resources locally available to them to produce world class products.

At the meeting which was also attended by associate interests like consultants in community development, agricultural bio-technologists and geo-partial communication specialists, Oba Ogunleye said Akinale is a naturally endowed land for agriculture which has been the traditional vocation of the founders since two centuries ago and that it remains a veritable resource for sustainable organic food production for local and export consumption.

He announced that farmers in Akinale are already in synergy with specialists in organic agriculture to improve their skills towards sustainable organic food production for healthy living and export marketing.

Akinale is 23 kilometer south of Abeokuta with regular power supply from the national grid, pipe-borne water and is about 45 minutes drive from the Murtala Mohammed International Airport, Lagos .

Besides series of cottage industries like integrated farming scheme, poultries, animal husbandry and food processing, the Ogun state government has established a model secondary school in the locale to enhance educational development of the youth. In addition, a federal government built dam to promote rural water supply and aquatic agriculture as well as a proposed cargo airport are within the corridor of the town.

Monday, August 17, 2015

British accountant asks court to quash $8.8m fraud charge

A British chartered accountant, Deepak Khilnani, last Wednesday asked an Ikeja High Court to quash the $8.8 million fraud charge preferred against him by the Lagos State Directorate of Public Prosecutions (DPP).

Khilnani made the request in a preliminary notice of objection filed by his counsel, Mr Kayode Ajekigbe, before Justice Oluwatoyin Ipaye.

The News Agency of Nigeria (NAN) reports that Khilnani and one  Sushil Chandra are facing a a four-count charge bordering on conspiracy, cheating, stealing and false representation.

The DPP had charged them for allegedly duping his Nigerian partner, Green Fuels Limited, to the tune of $8.8 million in 2008.

The prosecution alleged that they “fraudulently tricked Green Fuels Limited to pay greater sum for machinery purchased from Gentec Limited than it would have paid for such machinery.”

They were also accused of making false statement to the Corporate Affairs Commission in order to facilitate the fraud. 

The judge had fixed Wednesday for their arraignment following the failure of their counsel to produce them in court on July 31.

However at the resumption of proceedings, the Director of the DPP, Mrs Idowu Alakija told the court of the prosecution's intention to amend the proof of evidence by substitution.

Alakija told the court that the prosecution had also received information from the Police that they had carried out further investigation on the matter which might be useful to the case.

She further confirmed that the preliminary notice of objection was served on the prosecution on Aug.11.

Alakija therefore asked the court for a substantial time to respond to the application, hear from the police and also amend the proof of evidence.

Responding, Ajekigbe said the defence had filed a preliminary objection challenging the jurisdiction of the court to entertain the charge.

He said: "The Information dated April 30 has breached a cardinal rule of drafting charges in that the charges do not contain the essential ingredients of the offences charged.

"The proofs of evidence filed by the prosecution do not disclose the offences alleged against the applicants in counts 2,3 and 4 of the criminal charge.

"The initiation of the Information by the Office of the Attorney-General of Lagos State was done without regard to public interest, interest of justice and the need to prevent abuse of legal process."  

According to him, the charge constitutes an abuse of the process of the court because it attempts to criminalise a matter bordering on contractual arrangement.

Ajekigbe further argued that the charge was fundamentally defective in the sense that the alleged offences contained therein were charged under a repealed and non-existent law.

On the failure of the accused persons to appear in court, he argued that there was nothing in the judicial law that made it mandatory for them to be in court for the hearing of the application.

Following their submissions, the judge adjourned the matter till Nov.10 for hearing of the application. 

Sunday, July 19, 2015

NIGERIA IS ON AUTO-PILOT, says Dr Frederick Fasehun, OPC President/Founder

Dr. Frederick Fasehun, the Founder and President of the Oodua People's Congress spoke with selected members of the media at his Century Hotel, Okota, Lagos at the weekend. Topics he ventured into ranged from the governance of the country at the Federal level to the recent controversial pipeline security contract given to his New Age Global Security & Surveillance Company, the OPC factionalisation and the federal legislators demand for wardrobe allowances.

Level of governance
In my own view, President Muhammed Buhari has constituted the only government in town, the legislature is not on, they are on holiday. They didn’t start schooling and they went on holiday. 

For almost two months now, we have had a government that has not been governing except the auto pilot. 

Ours is a presidential system and there is what is called division of labour. The presidency can’t perform the functions of legislature according to the constitution. 

What the Senate is doing can’t be performed by the House of Representatives. As a result of all these, we have been disobeying our constitution at every level. 

What we have now is Buhari doing everything; no Federal Executive Council. Of course, Buhari wants to run his government, he goes on without the ministers because the National Assembly is not on seat.

There is so much impunity, dishonesty and others and we continue as if nothing is going on.

They promised us change, but nothing has changed; electricity, road, water, and security are not better and security I seven worse. It’s as if government is not serious in confronting insecurity in the country.

Corruption in the system
Any government that wants to tackle corruption must execute certain programmes and unemployment is one of such programmes. 

Every nation has its own levels of corruption and types of corruption, but in our own country, every level of corruption is available; bribery, kidnapping, stealing, armed robbery and others. 

It is the responsibility of the government to reduce corruption to the barest minimum, but government in our own part does not seem to be tackling corruption. 

No country can wipe away corruption in its entirety. We have legislators that have turned themselves to pugilists and wanted to go with the mace of the House of Reps, which is a sign of authority. Yet, the government is not sanctioning them or doing anything about it.

The change mantra

We expected true change, but unfortunately, the change that Nigerians were expecting has not manifested. The current government has spent two months in power and we’ve not noticed any change except change in personnel.

We were not expecting this level of change in personnel. You require personnel to execute your programmes. Government is continuum. 

There is no way you can wipe off the influence of a past government from that of a successor government and we were talking about corruption, and our legislators have turned the legislature into a boxing ring and asking for several allowances; furniture, wardrobe, car and newspapers allowances.

The legislators that are demanding for wardrobe allowances have not been naked. 
The government should not approve of such allowances. Rather than approving their wardrobe allowances, the government should send fashion designers to them and sew T-SHIRT for those who don’t have the babanrigas. Must we cloth them? N600,000 for wardrobe allowances each. That is corruption!

Part-time legislature
I agree with those calling for this. How many days do they spend there? They spend maximum three days per week and they are gone. What they are doing is part time job and they should be given part time pay.

Corruption in the system
Any government that wants to tackle corruption must execute certain programmes and unemployment is one of such programmes. 

Every nation has its own levels of corruption and types of corruption, but in our own country, every level of corruption is available; bribery, kidnapping, stealing, armed robbery and others. 

It is the responsibility of the government to reduce corruption to the barest minimum, but government in our own part does not seem to be tackling corruption. 

No country can wipe away corruption in its entirety. We have legislators that have turned themselves to pugilists and wanted to go with the mace of the House of Reps, which is a sign of authority. Yet, the government is not sanctioning them or doing anything about it.

Non-payment of contract sum by NNPC
When oil pipelines were being vandalised and disrupted, we felt concerned that the economic lifeline of the country was being threatened and we applied with the Nigeria National Petroleum Corporation, (NNPC), to provide security along the oil pipelines that was in 2011. 

There was no response from the authority until about a year ago when they summoned me for a meeting and I had a meeting with the authorities of the NNPC in Abuja and they were highly impressed with the outcome of the meeting, but for six months or thereabout, there was no response from them again.

So, when they eventually responded, they said there was no way the government would do business with an unregistered organisation, which is the O’odua Peoles Congress, OPC, and advised us to register the organisation, which we said no because there is no way you will register an organisation like OPC with the government, they would not accept your application and once your application is turned down at the CAC, that’s the end of your organisation. So, I didn’t do that.

So, I requested for the application of the contract with another company that I have, which is already registered and they said there was no problem. 

So, on the 15th of March this year, that contract was awarded to that company, New Age, Global and Business Nigeria Limited. 

We needed to put many hands on deck to execute the contract and I turned towards the OPC members to come and be the foot soldiers. In all, 4, 020 OPC members were put in the pipelines after signing a contract with the NNPC.

The contract was signed and printed by the NNPC, given to us to read through and signed, which we did. Then immediately, on the 16th of March, we started deploying our youths to the pipelines. 

The contract signed was for three months and exactly three months, they said they won’t renew the contract, but when we signed the contract, I expected them to mobilise us with vehicles, motorcycles, bicycles, touch lights, generators and these things in hundreds because of the number of people we were putting on the pipelines from Mosimi in Ogun State to Oyo state and for three months. We did that work with utmost integrity and righteousness and as a matter of fact, people were commending us that since we took over, there was peaceful interval.

It was on the 15th June that the contract came to an end, I expected them to pay us as it was in the contract, but up till now, they have refused to pay us as agreed in the contract despite all our efforts to make this a reality, they have turned deaf ears to everything we did. 

After the contract, the young men thought I have collected the money, which I’m yet to do.     

While the contract was on, there was a change of government, but I personally believe that government is continuum and any contract signed on behalf of the government should be honoured by the successor government, which has not been so.

We are anxious that the government may be playing pranks with us because while the contract was on, the government ought to have mobilised us and give us some money to start with, but they never did and we never complained.

Do they expect 4,020 youths to spend three months in the jungle without payment? We don’t want to go legal yet and I thought these 4,020 youths were part of those government was complaining that there was unemployment in the society. 

If you now engage that high numbers, must you not pay them after three months? 

If you don’t want to pay them, it is shear cruelty. It shows that the cry of the government to provide employment is an insincere cry and those youths have now been returned to the unemployment market.

The contract was used to placate you and others
OPC is not a political platform. We saw that the country needed our service, which we responded to. I am the National Chairman of the UPN, and not PDP person. I didn’t take the politicians to handle the contract, but OPC.

When I applied for the contract some few years ago (2011), there was an outcry by a political platform that I have been given a contract to the tune of N2.8bn and that I have been paid, but this is the contract now and it has been executed and yet, not one kobo has been paid. It shows that the outcry was a lie.
The contract detail/sum
Each worker was to be paid N1,500 daily and that was the figure suggested by the NNPC and we were very anxious to engage people and let them feed their families despite the fact Okada and Keke Marwa riders make more than that daily.

The total money of N1,500 daily should be divided into 4,020 workers daily and this was for three months. Each person was to get N45,000 monthly, which means at the end of the three months period, they were to get N135,000 each.

If after sometimes,  the government refuses to listen to us, the only arbiter available to us is the court, because we have held our peace for over a month and they have not said one thing for or against our payment. 

I’m not preparing to cause crisis in the country and if we go to court, we would be able to ask for other things, which include damages and special damages.

Approach with anybody in government
I’ve not met anybody in government for the payment, we didn’t sign it with the Federal Government, but NNPC. So, that’s why I’m going to the NNPC for payment.

How much was saved the nation
NNPC was losing about N7 billion daily from pipeline vandalism and all they owe us is about N1.9bn for the 4, 020 workers for three months.
 
What they owe us for three months is less than what they were losing daily. So we have contributed our quota to the economic upliftment of Nigeria. 

The amount we are talking about is just for the areas that we secured and about 20,000 youths were put on the pipelines all together for the New Age contract, the Gani Adams faction, Shoot at Sight and Tompolo. 

In all, there were about five groups and I’m only talking of a group that was responsible for the surveillance and security of the pipelines from Mosimi in Sagamu to Ibadan in Oyo State that falls within my purview.

Are the pipelines save now?
While we were there, it was very safe. You have police, soldiers, etc manning the place before we came and yet, NNPC felt it was going to die with the high volumes of vandalism daily and when we came onboard, the NNPC confirmed that we helped them to reduce vandalism to the barest minimum as all other strategies had failed in the past. 

Security and Boko-Haram, spread to the south west
Boko-Haram could have come to the south west for about four years now, but they didn’t attempt it. 

It wasn’t their wish not to attempt it, but they knew that there was an outfit that can confront them adequately.

They have been to other places even outside the north, but we keep telling our people that they should not panic, give us information and once such information is given, we act on them. 

Strangers are regularly being monitored especially those from the South Western parts of Africa. They threatened to blow up the 3rd mainland bridge, but by the grace of God, they couldn’t carry out their threats.

Factions in OPC
The disparity in OPC is blown out of proportion in the media. Gani Adams and I still meet regularly and even after this cancellation of the contract, we have met about twice to discuss the issue and the method to be adopted to pursue the case. 

I said earlier that, I applied for the NNPC contract and when it was awarded, NNPC felt they wanted to divide it and I conceded. The contract we are talking about was executed between my group and that of Gani Adams.


NEW GROUP EMERGES TO SOLVE CRISIS ON LEADERSHIP OF CCC

Posted by Lateef Lawal

A new outfit aimed at solving the crisis that had bedevilled the Celestial Church of Christ (CCC) over the choice of Pastor/Leader of the fold has emerged.

Called Celestial Church of Christ Global Unification & Reforms Group (CCCGURG) being led by Wolida Johnson Shodipe.
According to Shodipe, who is the chairman of the group, efforts were being intensified to bring about the much desired unification of all the 'warring' factions through pleadings and persuasions with all those that were proclaimed 'Pastor' by the various factions, to sheathe their swords and allow peaceful settlement of the impasse.

The group in a press statement noted that it had earlier set out the necessary steps that could be taken to restore the Church back to its period of grace.

The Group further approached the High Court in Lagos that the tendency for the self appointed or arrangee Pastors would no doubt continue within the church, unless and until the judgement of Supreme Court in an earlier case is legally enforced against the 'Pastors' in order to ensure that there is compliance with the judgement by all and sundry within the church-this case is still pending in the High Court of Lagos State.

Relying on the above case still pending in court, Wolide Shodipe said it was important to note that any purported attempt to register any of the self-appointed and or arrangee pastors as a trustee of the Church with any government authority under whatever guise or pursuit of any purported amendment of the Church's Constitution ' is void, null and of no legal effect and as such effort would be akin to clapping with one hand'.

He added' Further still, an Ilaro High Court on 26th March, 2015, handed down a judgement in Suit No.HCL/07/2006 also relying on the Supreme Court judgement and held that " no one amongst those parading themselves as 'pastors' has been validly appointed as Head of the Celestial Church of Christ, thus their appointments were accordingly declared null and void".

He said this meant that no one could be appointed as Pastor or Head of CCC at the moment until the church re-write her Constitution and such constitution was validly made by all stakeholders, approved by the General Assembly of CCC members worldwide and registered with the Corporate Affairs Commission.

Wolida Shodipe observed that:"It is on the premise of the above that our Group finds it disgusting to hear that someone called Senior Evangelist Olatoso Oshoffa could come up to proclaim himself as the 'Leader of the Church and the leader of the the Unification Group'.

He asserted:" We therefore want to make it abundantly clear that Senior Evangelist Olatoso is not part of our Group-CCC Unification & Reforms Group; and that our Group is neither a party to, or having any involvement
in or in agreement with Olatoso's self declaration as either the 'Leader' of the Church or the 'Leader' of our Group.

Thursday, July 16, 2015

NEW CONSTITUTION FOR CELESTIAL CHURCH OF CHRIST SOON

DISOWNS EVANGELIST TOSHO OSHOFFA AS LEADER !

By Lateef Lawal 
The crisis of leadership rocking the Celestial Church Christ [CCC] worldwide will soon be resolved, the Board of Trustees and Pastor-in-Council has assured its teeming members.

To this end. a committee set up to review the constitution of the church will soon submit its draft for the consideration of all stakeholders of the church and after the approval, it will thereafter be duly registered with the Corporate Affairs Commission [CAC] in Abuja.

This assurance was given by Superior Evangelist Samson Banjo in a press release issued today on behalf of the Board of Trustees, who noted that the Board and Pastor-in-Council are making appropriate arrangements for the smooth, proper and peaceful running of the affairs of the church at all its Parishes worldwide.

Setting up of a committee to draft a new constitution for the church, he explained was in deference to a Court decision which advised on the need for the Church to rewrite its constitution as a way of finding lasting solution to its problems, especially the Pastorship of the church.
Superior Evangelist Banjo noted that until the emergence and approval of a new constitution as ordered by the court, " Any assertion,representation, claims and pretentious by any person or persons including the ill-advised and baseless self declaration of Senior Evangelist Tosho Oshoffa to the pastoral seat or leadership of the Church is fake, ingenuity and a figment of imagination and an exercise in futility which carries a grave risk of contempt of court".

The church had sometime ago instituted a court action against one Godwin Bolanle Shonekan to prevent him from parading himself as the pastor of the church.

On March 26, this year, the trial judge, Hon. Justice A.O.Asenuga, ruled that the self proclamation of Mr Shonekan as Pastor was illegal, unconstitutional null and void. He further ruled that the appointment of a Pastor in the church needed re-articulation in a  news constitution.

The trial Judge therefore set aside all claims to the position of the Pastor of the Church and the Board of Trustees as one of the defendants has already appealed against the ruling.

The summary of this decision  is that subject to the outcome of the appeals, the Church does not have a lawful and duly accredited Pastor for the time being.

Monday, July 13, 2015

BUHARI SACKS SERVICE CHIEFS; APPOINTS NEW ONES

Nigeria's President Muhammadu Buhari has sacked his army, navy, air force and defence chiefs, a widely anticipated move as the former general has made crushing Boko Haram his top priority.

"The President has relieved the service chiefs, including the heads of the army, air force and navy of their appointments," Femi Adesina told AFP news agency on Monday.

The outgoing officials are: Chief of Defence Staff, Air Marshall Alex Badeh; the Chief of Army Staff, Major General Kenneth Minimah; the Chief of Naval Staff, Rear Admiral Usman Jibrin and the Chief of Air Staff, Air Vice Marshall Adesola Amosu, the spokesman said.

Buhari has appointed new defence chiefs after sacking the heads of the army, navy and air force.

The sackings were expected as the president has repeatedly criticised the military's inability to defeat Islamist group Boko Haram.

The Islamists have recently launched a series of deadly guerrilla attacks, killing more than 250 people.

Boko Haram is thought to be responsible for more than 10,000 deaths since 2009.

Both the new head of the army, Maj Gen Tukur Yusuf Buratai, and the National Security Adviser, Maj Gen Babagana Monguno, are from Borno State which is at the heart of the conflict.

Since his inauguration in May, Buhari has moved Nigeria's defence command centre to Maiduguri, the birthplace of Boko Haram, and is setting up the headquarters for a multi-national joint taskforce in Chad's capital N'Djamena.

In June, Amnesty International accused Nigeria's military of systemic human rights abuses and the deaths of 8,000 prisoners and called for an investigation into many top military officials including the army and air force chiefs.

Former President Goodluck Jonathan was heavily criticised for his inability to deal with the six-year Boko Haram violence in the northeast of Africa's biggest oil producer which has killed thousands and displaced 1.5 mn people.

Army morale hit an all time low under Jonathan and it was not until the start of 2015 that the group's fighters were finally pushed out of most areas with the help of foreign mercenaries, troops from neighbouring countries and new equipment.

At least a dozen civilians and a Chadian soldier were killed in two suicide attacks by suspected Boko Haram fighters in the northern Cameroon town of Fotokol late on Sunday, a senior Cameroonian military officer said.

The first explosion went off inside a bar near a Cameroon special forces (BIR) camp just after sundown, the officer said, asking not to be named.

"The second explosion followed as soldiers approached the bar," he said.

Monday, July 6, 2015

A Nigeria Without Chiefs Make Top Paying Bonds Less Attractive

By Paul Wallace

Nigeria has attractive bond yields and a fast growing economy with a young population. For investors, it’s missing a key ingredient: a functioning government.

More than a month since taking charge of Africa’s largest economy, President Muhammadu Buhari is yet to choose ministers; an announcement the 72-year-old former military ruler said he may postpone until September. That’s left the continent’s biggest oil producer and most populous nation without a finance chief to steer a Treasury he said is “virtually empty” amid calls for a currency devaluation.

Investors actions in the capital markets are an answer to that political void. An index of naira bonds declined 2.6 percent in dollar terms over the past month. That compares with average losses of 0.2 percent across 31 emerging markets. And while Nigerian rates of 14.9 percent are the highest among those nations, foreigners are staying clear until they know Buhari’s plans for the exchange rate and budget, according to Barclays Plc and Rand Merchant Bank.

“You can’t ignore the yields on offer in Nigeria, except for when there’s a lack of clarity on policy,” Ridle Markus, an analyst at Barclays, said by phone from Johannesburg on July 2. “It creates further uncertainty as to what the cabinet will look like, what decisions the finance minister will take.”

Oil Damage

Nigerian stocks dropped 8.9 percent since Buhari’s April 2 win over Goodluck Jonathan in a March presidential election, the third-worst performers globally among 93 primary indexes tracked by Bloomberg. He was sworn in on May 29 following a campaign in which he promised to crush Boko Haram’sinsurgency in the north east and clamp down on corruption.

The new government suffered the deadliest week since taking office last week after attacks in the Borno state claimed at least 150 lives.

So far he has articulated few ideas on how to revive an economy ravaged by an almost 45 percent drop in Brent crude prices over the past year, Angus Downie, head of economic research at Ecobank Transnational Inc., said by phone from London on July 2. Nigeria’s government relies on oil for roughly two-thirds of its revenue.

Growth will decelerate to 4.8 percent in 2015, about half the average of the past decade, according to the International Monetary Fund. That’s still faster than the global average of 3.5 percent and 4.3 percent for developing nations.

Some Nominations

The naira fell 21 percent between the end of June 2014 and Feb. 12, when it dropped to a record low of 206.32 against the dollar. That prompted the central bank to extend foreign-exchange trading curbs to prop up the currency. While those have steadied the naira at an average of 199.03 since March, they have left it overvalued, according to investors, including Investec Asset Management and BlackRock Inc.

Still, Nigeria’s population, where 44 percent of its 177 million are under the age of 15, according to data compiled by Bloomberg, augurs well for long-term growth. In the euro region, less than 16 percent of people are under 15, while in the U.S. the figure is 20 percent.

A delay in naming a finance minister means it may take longer for investors to find out whether currency restrictions will be removed, according to Joseph Rohm, a money manager at Investec Asset Management, which oversees about $110 billion.

Currency Devaluation

“We need a devaluation and strong appointees in the government for the market to go up,” Rohm said by phone from Cape Town last month.

Bonds and equities surged after Jonathan conceded defeat to Buhari, easing investors’ concerns about a disputed result in a country that had never seen a peaceful change of power from one party to another. Yet, as well as plans for the currency, investors now want to know whether the government will remove gasoline subsidies and how it will diversify the economy from oil.

“We’re still sitting in the dark,” Zoran Milojevic, a trader at New York-based brokerage Auerbach Grayson & Co., said by phone. “The only positive thing is that Nigeria didn’t spiral into a civil war. That’s not enough to push the market.”

Average bond yields have climbed almost 100 basis points from 13.91 percent since May 14.

There probably won’t be a rally until Buhari outlines how he will improve Nigeria’s economy, says Ronak Gopaldas, an analyst at Rand Merchant Bank, a unit of FirstRand Ltd., Africa’s biggest bank by market value.

“People thought by now they’d have some kind of clarity,” Johannesburg-based Gopaldas said by phone on July 1. “They’re looking for a decisive message about what Buhari’s going to do to arrest the economic decline. It’s something that needs to be done sooner rather than later.”


source: Bloomberg Business

Wednesday, July 1, 2015

Nigeria total debt at 12.1 trln naira by end March: DMO

LAGOS (Reuters) - Nigeria's total debt rose to 12.1 trillion naira ($60.8 billion) as of March 2015, up from 11.2 trillion naira at the end of December 2014, the Debt Management Office (DMO) said.

The DMO said on its website that foreign debt stood at $9.46 billion at the end of March, equivalent to about 15 percent of total debt and down from $9.71 billion at the end of 2014.

Nigeria said in 2013 it wanted to increase the amount it borrowed overseas to 40 percent of all debt over a three-to-five year period to tap into loose monetary policy in advanced economies.

But as oil prices plunged last year, government revenues slumped, leaving Abuja struggling to pay bills including state salaries. The currency has also come under intense pressure.

Nigeria's states are now in debt to the tune of 658 billion naira, the governor of Zamfara state said last week.

Investors are worried domestic debt has risen sharply since the end of March, and concerns about government finances, as well as the slide in the naira, are hitting markets.

The yield on the 5-year bond, the most liquid issue, rose to 14.95 percent on Tuesday, up from 14.71 percent a week ago.

Nigeria's former finance minister said at the start of May that the government had already used half the borrowing allowance it had budgeted for as lower oil prices reduced revenues.

Abuja's funding problems and the naira's weakness on the black market are fuelling market concerns that more domestic bonds may have to be sold, raising the cost of borrowing.

Nigeria rebased its gross domestic product statistics last April, almost doubling the size of its economy to more than $500 billion, Africa's biggest. However tax collection as a percentage of revenue is a paltry 6 percent.

($1 = 198.8500 naira)

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