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Saturday, March 24, 2012

Diya, Olanrewaju’s pardon: The biggest mistake Obasanjo made – Col. Craig

Colonel Olu Craig is a name that calls to mind story of the 1995 alleged coup involving the then former Head of State General Olusegun Obasanjo; former Chief of Staff, Supreme Headquarters, Major General Shehu Musa Yar’Adua; former Military Governor of Niger State, Colonel Musa Gwadabe and several others. 
For Craig, his statement showing he was strongly opposed to some of the policies of the late Head of State, General Sani Abacha especially regarding his failure to convene a Sovereign National Conference, landed him in the military gulag, a familiar terrain. 
Born on October 22, 1945, Colonel Craig, a former Military Police Officer, took time out to tell Saturday Vanguard why President Goodluck Jonathan should activate the pardon of Lt. General Oladipo Diya, Major General Tajudeen Olanrewaju, late Major General AbdulKarim Adisa and others at this time for national integration purposes.  He also dismissed the various poverty alleviation programmes in the country as insult to the poor.  Excerpts:


Security challenges are Nigeria’s major problems for now.  What should be the  solution?
There is no country that doesn’t have security challenges but our own is heightened by this terrible and disgraceful level of unemployment.  That is exactly what is causing the problem that we have, forget about this issue of Boko Haram.  The insurgence is because of the level of poverty.  Let me assure you, it is not a religious thing because more Muslims were killed than the Christians.
Col. Craig

So, what the government can do to stop this problem once and for all is to create public work projects to absorb people so that they can get jobs.  This is necessary because they say an idle hand is a workshop for the devil.  And let me tell you, we are talking of democracy but democracy doesn’t thrive on empty stomach.

Despite various poverty alleviation programmes purportedly put in place by the governments at various levels, the poverty level is still high.   What do you think is responsible?
You see those steps that governments have taken are all pillars of corruption.  When you are talking of poverty alleviation, it is an insult to the poor.  Why are you in government if you could watch people slide into poverty that you now alleviate?  The duty of governance is for the material well-being of the citizens.
When you are giving people some token and you call it poverty alleviation, you are insulting the poor.  Like I said, if you create public work projects, people will be engaged.  By your own poverty alleviation programme, you are just enriching the pockets of some party people, who could not win elections.  So, I don’t believe in it.  Instead of that, create economic projects and you would see that all these things would stop.  I don’t believe in this poverty alleviation programme, it’s a fraud!

The various ethnic nationalities in the country have come out with a common decision of Sovereign National Conference as the way out of the country’s many problems.  But the President has declined to toe their line.  What is your take on that?
First and foremost, I don’t believe in ethnic association because, in Nigeria now, you see that ethnic loyalty transcends national loyalty.  That is why we are not moving forward.
INEC chairman, Professor Attahiru Jega has tried his best but I would say that our election is still very fraudulent. Because the reason people are agitating for national conference is because they know that most of the people at the National Assembly are not supposed to be there.  I agree with the President that there can’t be two sovereigns at the same time since the National Assembly is there but then, in a country of diversity like ours, there are some things you need to look critically into if you are to amend the Constitution.  Even in Yorubaland alone, you have so many diversities, how much more of the whole nation.
The problem with this now is that politics is so lucrative that some people don’t have second jobs after politics and so they can die and kill because of politics.  But they should realise that without the states, there is no Federal.
Federal is an abstract connotation that doesn’t stand on its own; you know?  So we should listen to the grievances of the ethnic nationalities in good case but I don’t believe in their agitations because, when you do, you are going to cause confusion.  Those people at the National Assembly now will be scared because they feel that the call for Sovereign National Conference is call to remove them from office.

You seem to have concern about why state police is not given consideration in the country.  Can you throw more light on it?
We need a state police so that the national police can concentrate on policing the whole country.  State police should be for the state to, at least, tackle minor crimes.  If the antagonists of state police are antagonising for the fear that the state governors can use it against opposition during elections, there should be a law that guides the operations of that state police.  We  still need a state-controlled police.
If Oyo State has its own police, for instance, that police being an indigene will know exactly where the criminals are and thus go for them.
So, they should think seriously about the need for state police and not be scared of them being used by the politicians.  When we are talking, we should be looking forward.  After all, they have state police in America and some people will say, “Oh, we are not yet mature.”  It is not true.  Nigeria was not founded in 1960 and so, we are not just 51 years old.  No!  Nigeria was founded far before 1960.  The federal police that we have is alienated from the citizens.

Diya’s coup remains an issue because there is still discomfort at certain quarters; people seem not to be happy with the selective pardon carried out by government after Oputa panel had exonerated the Generals of complicity and urged that they should be apologised to; compensated and then pardoned.  Why do you think government has foot-dragged over the matter?
I won’t say I know why.  Obasanjo could have acted on this thing because he too is a beneficiary of the pardon.  He was pardoned by General Abdul Salami Abubakar.
You know when Chief Olu Falae was contesting against him for the presidency and he said he knew Obasanjo as a prisoner, that he was not qualified and that he was going to use that against him in court; over night he was pardoned by the government.  He could not have become a civilian president if he was not pardoned.
For national reconciliation and integration, if you could pardon Mukoro, if you could pardon the militants and want to pardon the Boko Haram people, you can pardon these Generals to assuage strained nerves.  Government has given amnesty to militants in this country, so what did Generals Diya, Olanrewaju and others do that measured up to the level of the militants that were pardoned and  why should they not be pardoned?  You see, we are now talking of total reconciliation and so I feel strongly that they should be pardoned.  On this matter, I wrote twice to Obasanjo in office without any reply.  Now that Jonathan is there, I have written him twice also and I urge him to fast-tract their pardon because he needs it to calm strained nerves and restore the confidence of the Yoruba race.  It is overdue.
Obasanjo made a mistake for not giving them pardon and if he couldn’t do it, I know that the President that is there is a listening leader, he should revisit their case, do it and let’s put that behind us.  The political atmosphere is overcharged.  There are some few things he can do to douse the tension and pardoning the Generals is part of them.

People blame the military for the setback that the nation suffers.  What is your reaction to that as a retired military officer?
I disagree with that view.  You see, people are just being unfair to the military.  The military has the constitutional responsibility of protecting the nation and its sovereignty.  The military came into power in 1966 because of insecurity as a result of political rascality.  The military took over because the country would have collapsed if they folded their arms and watched things degenerate beyond control.
In fairness to them, they have tried because without the military, today there would be no Abuja.  Tell me one thing that any civilian regime has done since they got there.  All of those that are making noise today that the military caused the nation’s woes, they themselves, were enjoying patronage of the military regimes.  If you knew that the military was an aberration, why did you serve under them?
The military is part and parcel of our march towards progress.  It is part of our history.   If there is anything that they have done wrong… but they have done many things that are commendable.  We should not be looking backwards.  Whatever happened is  now past tense.
We should be planning towards the future and forget about the military, which is a discipline establishment on its own. Now that you are talking, does it mean that the military regimes are not recognised?  They passed budgets, they paid salaries and did all things that governments did at that time.  So, what is the problem about that?  There is nothing like dichotomy between military and civilian regimes.  No! They are Nigerians too.

O/D order Kwara, Sunshine to replay aborted tie, fine both teams N2m

*Suspends Sunshine Team Manager for 2 yrs

The Disciplinary and Organising committee of the Nigerian Football Federation has ordered Kwara United and Sunshine Stars to replay their aborted week 12 game behind closed doors in a yet to be decided date.
Both teams were fined N2 million for the incident while Sunshine Stars team manager, Gabriel Aboruwa was suspended for two years.
It will be recalled that on March 3, 2012 at the Ilorin Township Stadium, both teams abandoned their league game with score-line at 1-1 after violence broke out from the stand with few minutes left on the clock.
Players from both ends  suffered minor injuries according to reports which said that Gabriel Aboruwa, Team Manager of the Akuri side, stepped on to the pitch of play alleging he was he was attacked by rival fans.

‘Pure water’ sellers enjoy boom in sales

Umuahia – There is  a noticeable increase in the number of sachet water hawkers in Umuahia as the demand for cold water increases because of the intense heat in the area.
The hawkers and dealers in the commodity, popularly called ‘pure water’ are enjoying huge patronage.  .
The hawkers, mainly mothers and school-age children, have become ubiquitous as they move from street to street.
Mrs Agnes Ibe,   25, who hawks the commodity in the city, said that she was making “’a lot of money” from her daily sales.
Ibe, a mother of three, said that she made an average of N2,000 daily on sales.
“The business is profitable and this has helped me in paying my children’s school fees for this term,” she said, adding that her son usually joined her in the business after school.
Some residents said the heat  and the attendant high level of dehydration  had made the demand for  cold pure water high.
Mrs Florence Oditah, a civil servant, said that she was now buying more bags per week than before “’as a result of the hot weather.
“’I used to buy two to three bags in my home weekly but now we finish one bag daily,” Oditah said, adding: “’this is in addition to the one I buy in the office.”’
A dealer, who simply identified herself as Nnenna, confirmed that “there is high demand for pure water now.
“My daily sales have almost doubled.”’
Nnenna, whose outlet is located within the precinct of the ever busy Umuwaya Road, said that she sold an average of 50 bags daily.
“’Our generator is always on and we always have cold water so many hawkers come here to buy,” she said.
An attendant in a factory in the city, Mr Okechukwu Igwebuike, said that “’there is business now.
“It is expected because the weather is very hot so both the young and old need cold water now to survive.”
Igwebuike, however, said that they were not carried away by “’the boom” because “as soon as the rain sets in, demand for pure water will drop sharply.
One sachet sells for N10, while a bag of 20 sachets goes for N60 at the factory and between N80and N100 at the retail outlets.(NAN)

Stop portraying Govt as weak, Jonathan begs media

President Goodluck Jonathan has begged the media to stop portraying the Federal Government as weak and ineffective in tackling the challenges of terrorism posed by the Boko Haram sect.
President Jonathan who spoke at the Nigerian Tribune’s Men of the Year Award ceremony in Abuja noted that acts of terrorism in Nigeria were not against the government alone but also war against the Nigerian people.
Jonathan spoke through his representative, the Minister of Culture and Tourism, Mr. Edem Duke, even as the Chairman of the Northern Governors’ Forum and Niger State Governor, Babangida Aliyu warned that perpetrators of acts of terrorism would be dealt with according to the laws of the land.
Jonathan said: “Terrorism is a new phenomenon facing the country and that is why the Federal Government is responding to it by mobilizing resources to attack the source.
“The administration is collaborating with foreign and neighboring bodies because the nature of the attack is foreign to our country. Terrorism should not be seen as sensational; rather it is a dastardly act against the people of Nigeria. We therefore call on the media to partner with the government in sensitizing the public on the negative effects of this act. The issue of security calls for greater responsibility by the media in reporting such sensitive issues”.
Governor Aliyu was the keynote speaker at the event where the Senate President, David Mark, Ondo State governor, Olusegun Mimiko, business mogul, Aliko Dangote and the Director General of the Nigerian Tourism Development Corporation, NTDC, Otunba Olusegun Runsewe were honoured.
Aliyu in his keynote address entitled “Patriotism, Service Delivery and Commitment to National Service: The Nigerian Experience, challenged Nigerians on patriotism and the need to rise above ethnic loyalties.
According to him “We are fond of giving negative perspectives and exaggerations of our situation, with adverse implications for our national image and reputation. This brings me to the highpoint of my keynote address- Patriotism, which more than corruption, poverty or ignorance is probably the most serious challenge to our development as a nation.
“Great nations are built not merely by economic resources, not merely by technological advancement, but by the combination of the right values, the right attitudes and the commitment of the people to the promotion of the national interest above primordial sentiments and ethnic loyalties”.
He also lauded the vision of the sage, Chief Obafemi Awolowo, saying that “through Papa Awo’s rich and inspiring biography and legacies we could see the value of education as the greatest instrument of liberation and social equalization”.
The Senate President who received the Best Public Officer of the Year 2011in his acceptance speech warned those with evil intention for the nation to have re-think, stressing that the nation cannot move forward when mire with crisis.
He commended the resilience of the Tribune newspaper which he said had seen it waxing stronger in the last 63 years, noting that it has survived this long because it was a paper founded on truth.
He said, “The newspaper had survived the turbulent times because it was founded on the truth”.
In his own acceptance speech, Mimiko who bagged the Governor of the Year 2011 praised Awolowo and described him as the precursor of meaningful development in Nigeria.
Mark was conferred with the Best Public Officer of the Year 2011, Mimiko bagged the Governor of Year 2011, Dangote received the award for Man of the Year 2011 award and Runsewe was rewarded as the Most Enterprising Director-General of the Year 2011.
In her opening message, Chairman of Tribune titles, Yeye Oodua, H.I.D. Awolowo, stressed on the importance of rewarding workers. She said only a nation that knows how to reward its workforce moves forward.
She said, “If the nation was desirous of getting out of the present economic doldrums, “we must be willing and be seen to oiling the wheels that drive the economy”.
She said it was the fervent believe of Tribune, that there was no better way of honouring a hardworking man than to give him his roses to smell while his still alive.
Dignitaries at the event included the Deputy Senate President, Ike Ekeremadu, Hon. Zakari Mohammed, Senator Smart Adeyemi among others.

By Inalegwu Shaibu, Abuja

Ex-militant returns from US as Marine Engineer

THREE years ago, he was one of the militants carrying guns in the creeks of Niger-Delta, but on March 19, he returned from an 18-month intensive training in the United States of America, USA, a qualified marine engineer.
His name is Engineer Moses Gbogun, a beneficiary of the Federal Government’s amnesty programme for militants.
Brimming with pride, the Egini (Udu)- born Engr. Gbogun arrived Osubi Airport, Warri, Delta State, six days ago, from Florida, describing  the amnesty programme as a huge success.
He was full of praises for President Goodluck Jonathan for the transformation that had taken place in his life, as well as all those who worked behind the scene to make the programme a success.
Gbogun said he was trained in one of the best schools in the United States, adding that  there would never be the need to return to armed struggle,  as the amnesty programme initiated by the Late President Umaru Musa Yar’ Adua and developed further by President Goodluck Jonathan was a life- time opportunity that should never be squandered by any beneficiary.
His words, “I want to use this opportunity to thank President Goodluck Jonathan for his benevolence at making the amnesty programme work. I also want to commend the commitment of Dr Kingsley Kuku, Adviser to Mr President on Amnesty and Rehabilitation of ex militants”.

World Bank announces 3 candidates for top job

WASHINGTON (AFP) – The World Bank announced Friday three candidates to succeed outgoing president Robert Zoellick, one nominated by the United States and two others from developing countries.
The candidates were identified as Jim Yong Kim, a US national and president of Dartmouth College; Jose Antonio Ocampo, a Colombian national and professor at Columbia University; and Ngozi Okonjo-Iweala, a Nigerian national and finance minister of Nigeria.
The Bank’s board of executive directors said the “three nominees will be considered for the position.”
The announcement came shortly after the closure of the nominating period at 6 pm (2200 GMT).
Under the selection process previously announced, the executive directors will conduct formal interviews of the three candidates in Washington during the following weeks.
The World Bank said it expected to selecting the new president “by consensus” by its 2012 Spring Meetings with the International Monetary Fund that begin on April 20.
Zoellick plans to step down at the end of his term in June.

One dies, others injure as well collapses

TRADEGY struck yesterday at Ambrose Alli University (AAU), Ekpoma as a student of the University was feared dead inside a well.
According to an eye witness, seven students of the University were said to have been relaxing on the top of a well  said to have been constructed 10 years ago at Kudirat Hostel Area of the university when the well suddenly caved in, killing one of them while three others were critically injured.
Both the dead and the injured students were said to have been rushed to Irrua specialist Hospital where they are currently receiving treatment.
As a result of the incident, the students of the university embarked on protest yesterday blocking the Benin-Auchi road  forcing commuters to take alternative routes.
In apparent fear of damage to lives and property, the University management has ordered all students of the university out of campus and to proceed on Easter holidays.
Deputy Registrar of the University, Mr. Chris Adamaigbo, while confirming the incident, however denied the death of any student, saying that those affected were rescued and were now receiving treatments in the hospital.

Nuclear Safety: Jonathan Parley World Leader in South Korea

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President Goodluck Jonathan

President Goodluck Jonathan will this weekend join 52 other world leaders at the Nuclear Security Summit in South Korea where solutions to a safer world from nuclear armaments would be discussed and decisions taken.

The caucus meeting by world leaders is expected to hold Monday where issues that border on nuclear terrorism, protection of nuclear materials and illicit trafficking in nuclear materials as well as controlled enrichment programmes would be discussed.

The mission is coming on the heels of the Nuclear Industry Summit held yesterday in Seoul, South Korea which agreed to henceforth act in coordinated manner in checking nuclear security breaches as well as assist new comers on request and in accordance with the approval of the International Atomic Energy Agency (IAEA) to acquire the know-how and secure use of nuclear energy.

He will also meet with the Nigerian community in that country before returning to Abuja on Wednesday.

Meanwhile, participants in the Nuclear Industry Summit convened in conjunction with the Security summit yesterday delineated areas of control that will reduce the risk of uranium enrichment into plutonium grade as well as controlling civilian enrichment of High grade uranium.

A statement released in Seoul yesterday after the meeting of 118 organisations from 36 countries said there was need for proper management of nuclear material especially with the increased participation of private companies in its processing.

They identified nuclear terrorism as the most significant threat to international security, which called for strong nuclear security, which they adjudged the most efficient means to prevent unauthorised access to nuclear materials especially by terrorists.

From Ahamefula Ogbu in Seoul, South Korea

Nigerians Sue Shell in London over Ogoni Pollution

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 Ogoni Pollution

Lawyers representing Bodo community, a Nigerian fishing settlement in Ogoni, Rivers State, have taken multi-national oil firm, Shell to court in London (United Kingdom) over alleged unpaid compensation for oil spills.

The London High Court case is the first time Shell has faced claims in the UK from the developing world for environmental damage.

Mr. Martyn Day of the solicitors Leigh Day, who is representing the Bodos said the spills had devastated a once-thriving fishing community of some 50,000 people.

"I've been around Bodo on a number of occasions and you just have to walk round, it looks like a World War I scene, where the oil has totally destroyed much of the local environment and the fish, which particularly thrive in the mangroves, have basically disappeared from the area," Day told the BBC's Today programme.

When Shell accepted responsibility for the oil spills, which happened in 2008 and one of which continued into 2009, it said they had been caused by operational failures

Shell also argued that much more oil has been spilt as a result of illegal activity in the Niger Delta, such as sabotage and theft.

The company promised it would pay compensation for the spills according to Nigerian law and would clean up the oil and restore the land.

But it is yet to pay compensation to the affected community for the spillage of about 4,000 barrels.

Bodo community representatives say they are resorting to legal action after negotiations for compensation broke down.
The head of Shell Nigeria said that with different lawyers representing claimants it was difficult to resolve.

Mutiu Sunmonu, managing director of Shell Petroleum Development Company of Nigeria (SPDC), said it was important to understand "the complexities of the Niger Delta" when dealing with these compensation payments.

"There are a lot of people who've claimed to be impacted and a lot of intra-communal strife which is making it difficult for anyone to have meaningful negotiations with different lawyers claiming to represent them.

"We did do everything possible to make sure that we pay compensation to the affected communities, but we also have to make sure that this compensation is paid to the right people. The trouble is you cannot do that as long as different lawyers are representing them.

“Shell will not give up trying to identify those who should be compensated,” Sunmonu told the BBC.

The Ogoni people have long complained about the environmental damage to their communities, but they say they have mostly been ignored.

Last year, a UN environmental assessment of Ogoniland said the region would take 30 years to recover fully from the damage caused by years of oil spills.

The issue of the environmental damage in Ogoniland was highlighted by the writer Ken Saro-Wiwa, who was executed in 1995 by Nigeria's military government, sparking international condemnation.

The campaign forced Shell to stop pumping oil out of Ogoniland but it continues to operate pipelines in the region.

By Yemi Adebowale with agency report

EFCC Grills Hembe, May Ask Him to Return Estacode

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Hon. Herman Hembe

The embattled Chairman, House of Representatives Committee on Capital Market and institutions, Hon. Herman Hembe, was yesterday interrogated by operatives of the Economic and Financial Crimes Commission (EFCC) over allegations  that he demanded a bribe of N44 million from the Securities and Exchange Commission (SEC), a government agency under the oversight purview of the committee.

Hembe, who arrived at the EFCC premises alongside some members of his committee, were invited by the anti-graft agency to throw some light on the allegations made by the Director-General of SEC, Ms. Arunma Oteh, last week.

Oteh had accused Hembe and his colleagues of demanding the said amount as counterpart funding for the investigative public hearing on the collapse of the capital market.

A reliable source within EFCC told THISDAY that the lawmakers were quizzed for several hours but it was not certain whether they were detained thereafter.

The source could not deny or confirm if Oteh who was also billed to have been interrogated yesterday honoured the invitation extended to her by EFCC.

The anti-graft body, our source said, was more interested in the allegation that Hembe collected estacode and a first-class ticket from SEC to attend a capacity-building conference in the Dominican Republic but neither attended the conference nor returned the money to SEC.

Meanwhile, EFCC sources said Hembe may be asked to refund the money if it is established that he collected the estacode without travelling and without refunding same to SEC.

Hembe had last Tuesday disqualified himself and members of the House Committee on Capital market from conducting an  on-going public hearing on the crash of the Nigerian capital market following the series of allegations that challenged their integrity.

Consequently, the House has set up an eight-man adhoc committee to begin the process of conducting the probe afresh. The new committee has 21 days to complete its assignment.

Similarly, the allegations levelled against Hembe and members of the House Committee on Capital Market have been referred to the House Committee on Ethics and Privileges.

The allegations are to be investigated and a report of its findings is expected to be submitted in two weeks.

From Ike Abonyi and Onwuka Nzeshi in Abuja

AU Suspends Mali over Coup

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Paul Lolo, Chairman of the African Union's Peace and Security Council

Following the coup in Mali on Thursday which toppled the government of Amadou Toumani Toure, the African Union (AU) yesterday announced the suspension of Mali from the organization.

The AU in a statement signed by Paul Lolo, Chairman of the African Union's Peace and Security Council, said: "The council decided Mali should be suspended from further participation in all its activities until effective restoration of constitutional order is achieved without delay."

Meanwhile, the leader of this week's coup in Mali, Captain Amadou Sanogo says he has no intention of staying in power for a long time.

Sanogo told the BBC yesterday that he would stand down after making sure the army, which is fighting ethnic-Tuareg rebels in the north, was able to secure the country.

He also said former leaders would be transferred to the justice system, but the president is not believed to be in the custody of the mutineers.

"We are not here to confiscate any power but we are here to have an army and security forces available to assume the national security," Sanogo told the BBC's Focus on Africa programme.

He said the army was not up to the job at the moment as there was "a lack of equipment, a lack of training and our comrades are dying all the time".

"So once this has been fixed, I'll be able to say 'Ok, go for election' in a short period of time. I promise."

After the election of a new president he said the mutineers would go back to their units and he would be "very happy to serve as a company commander or a battalion commander."

A presidential election was due to take place in the country in just under a month.

A government official told the BBC that President Toure was safe, but his exact whereabouts are still unknown, two days after he was deposed.

There are unconfirmed reports that he is in a military barracks in the capital, Bamako, being protected by members his elite presidential guard.

The BBC reports that it appears that most low-ranking soldiers have backed the military coup but no senior officers have so far openly supported the new leaders.

Also yesterday, the Speaker of ECOWAS Parliament, Senator Ike Ekweremadu condemned Thursday’s military coup in Mali, saying it is totally unacceptable.

Ekweremadu, who reiterated that the days of military and unconstitutional takeover of power in any part of West Africa were over, enjoined all members of the Malian armed forces to restrict themselves to their constitutional duties.

By Yemi Adebowale with agency report and Kunle Akogun in Abuja

Senator Sekibo’s Wife Abducted

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Senator George Sekibo

Asime,  wife of Senator George Sekibo has been kidnapped by yet to be identified gunmen Thursday night at Obiri-Ikwerre, along the East/West road axis of Rivers State.

Sekibo, a member of the People’s Democratic Party (PDP) represents the Rivers East senatorial district in the National Assembly.

According to an eye witness, “She was driving along East/West Road when some unknown hoodlums kidnapped and took her to an unknown destination. We do not know the reason for her kidnap.”

Mrs Asime was reportedly kidnapped at about 6:30pm on Thursday by a group of armed men while she was travelling to Port Harcourt where her husband’s residence is located.

The eyewitness said that about seven men obstructed the path of the senator’s wife on the Obiri-Ikwerre axis of the East-West Road which is under construction, shot severally into the air before dragging her into their own vehicle.

A top security official who craved anonymity confirmed the incident, expressing the hope that the federal legislator’s wife will be released unhurt, “if she has not been released already.”

But a top government official who also confirmed the incident to our correspondent on telephone, was not optimistic about her freedom.

From Muhammad Bello in Port Harcourt

Anambra South Re-run: APGA Heads for Tribunal

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Senator Andy Uba

The All Progressives Grand Alliance (APGA) in Anambra State says it is heading to the House of Assembly Election Petition Tribunal in Awka to  challenge the declaration of the Peoples Democratic Party (PDP) candidate, senator Andy Uba, winner of the Anambra South Senatorial district re-run election conducted Tuesday, March 20.

Uba had beaten the APGA candidate in the election, Hon. Chuma Nzeribe by 42,802 to 40,678 votes to be declared winner by the Returning Officer (RO) for the election, Prof. Eugene Aniam of the University of Calabar.

But at a press briefing in Awka yesterday, Secretary of APGA, Okoli Akirika, a lawyer said: “The position of APGA is that the re-run election on March 20, in Anambra South Senatorial district didn’t go without fault. There are areas that didn’t meet with the requirements of the law for the election and we intent to take up the matter at the Election Petition Tribunal.”

He alleged that in Osumenyi ward 2, Nnewi South Local Council Area, the APGA agents and some INEC staff were beaten on the day of the election and the results falsified.

He said that when the results were tendered at Ukpor, headquarter of the local government where collation for the council area took place, his party formally protested against result from Osumenyi ward 2, but that the Electoral/Returning Officers refused to accept their petition until he personally became rowdy, thereby making the RO for the council area to start re-computing the result from the said ward after it had been announced.

From Charles Onyekamuo in Onitsha

Amaechi: Rivers’ll Be Empowered By 24-Hour Power Supply

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Rivers State Governor, Chibuike Rotimi Amaechi

As a follow-up to his administration’s pledge to provide uninterrupted power supply in Port Harcourt and subsequently the entire state beginning this December, Rivers State Governor, Chibuike Rotimi Amaechi has assured that the people of the state would be economically empowered with the provision of stable power supply.

Amaechi gave the assurance recently during the second Dissecting The Amaechi Administration Media Briefing Series, at Government House, Port Harcourt.  He was represented by the Commissioner for Power, Augustine Nwokocha.

Nwokocha said, “As a Ministry and as a state, we have a firm belief in the power of uninterrupted stable power supply to empower our people and we know that once we deliver electricity to our people the issue of economic empowerment will be addressed to a very large extent. We are determine to provide constant power to our people so they can live a better life."

According to Nwokocha, the power system being built in the state has been so designed to deliver electricity directly to the homes and businesses of the people.

“We have designed our systems in such a way that if there is problem in one generation station, you can feed the entire system from the existing ones.  The second advantage the Rivers State system has is that our generation does not have one source of fuel (gas) supply. Shell supplies us at Afam, Agip supplies us at Omoku, Eleme is a different supplier, Trans Amadi is Shell. So if Agip has problem, it is not likely that that same day the Shell supply will have problem.

APGA Gets Back Registration Certificate

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Chief Chikwas Okorie, former chairman of The All Progressive Grand Alliance (APGA)

The All Progressive Grand Alliance (APGA) has gotten back its registration certificate which was withheld by its former chairman, Chief Chikwas Okorie.

The party’s National Chairman, Chief Victor Umeh, who spoke to newsmen shortly after getting back the party’s certificate of registration from the Independent National Electoral Commission (INEC), also said Okorie is seeking to cause confusion by adopting United Progressive Grand Alliance (UPGA) for his new party. He said UPGA was the original name of APGA.

On the sudden decision by Okorie to return APGA’s registration certificate, Umeh said contrary to the former chairman’s claim that he returned the document of his own volition, there was nothing left for him to do under the circumstance since APGA was already making moves to use the police to recover it.

“I feel extremely happy today that the distraction in APGA has ended. First, APGA which has been in the news for the past eight years for being engulfed in an intractable leadership dispute has now put that to an end. It has been a very long journey at the courts. And I must express my happiness that it has now come to a sweet end, “he said.

Umeh recalled how Okorie after being expelled from the party for anti-party activities decided to withhold the party’s certificate of registration and to engage the leadership in a prolonged legal tussle which he finally lost.

He said with the end of the leadership crisis, APGA will now focus more on re-building its structures which was affected by the tussle over the years.

From Onyebuchi Ezigbo in Abuja

US Election: Santorum Looks to Louisiana to Revive Campaign

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Republican presidential candidate, Rick Santorum

Underdog Rick Santorum is fighting for a big win in Louisiana as rival, Mitt Romney gets closer to locking in the Republican nod to take on President Barack Obama in November.
But even an expected knock-out performance in the southern state of Louisiana on Saturday will not help Santorum make much of a dent in Romney's commanding lead in all-important delegates, reports AFP.
Romney has now won 21 out of 33 nomination contests, while former Pennsylvania senator Santorum has notched up 10 wins -- largely with the help of evangelicals and the party's most conservative members.
Pressure is increasing for Republicans to rally behind Romney and end the bloody and divisive primary battle before it hurts the party's chances of defeating Obama and winning the White House.
Santorum was forced to backpedal after telling supporters on Thursday "we might as well stay with what we have" if the best the Republican party can do is nominate someone "who's just going to be a little different than the person in there."
Romney immediately pounced on the remark, saying he was "disappointed" Santorum would "rather have Barack Obama as president than a Republican" and noting that "this election is more important than any one person."
A top Romney surrogate went even farther Friday, saying Santorum "is going off the rails" and the remark "is ridiculous and demonstrates his lack of commitment to conservative principles."
"Republicans need to unite around our nominee in order to undo the damage caused by President Obama's failed policies and restore America's promise," Ted Kanavas, a former state senator and chair of Romney's Wisconsin campaign, said in a statement.
"Senator Santorum is not only damaging himself with his ill-advised comments, he's damaging the conservative movement."
Santorum shot back by insisting it's "preposterous" to say he would support Obama and calling the Romney campaign offensive an attempt "to distort and distract the media and voters from the unshakeable fact that many of Romney's policies mirror Barack Obama's."
"I was simply making the point that there is a huge enthusiasm gap around Mitt Romney," Santorum said in a statement Friday.
"Voters have to be excited enough to actually go vote, and my campaign's movement to restore freedom s exciting this nation. If this election is about Obama versus the Obama-Lite candidate, we'll have a tough time rallying this nation."
Santorum had a 14 point lead over Romney in Louisiana in a survey released Friday by Public Policy Polling, thanks in part to conservatives abandoning former House speaker Newt Gingrich.
"Santorum's entire lead in Louisiana is coming with the furthest right factions of the Republican Party," the polling group said.
He also has a substantial lead among voters who only made up their minds in the past few days which "suggests he could end up winning by an ever wider margin than he has in this poll," PPP said.
But the victory could be one of Santorum's last as the race heads to states where Romney has the advantage.
The former Massachusetts governor was ahead by 13 points in a Rasmussen survey of voters in the mid-western state of Wisconsin, which heads to the polls on April 3 along with Maryland and Washington DC.
While Santorum is expected to carry his home state of Pennsylvania in the following contest on April 24, that victory will be overshadowed if Romney is able to sweep New York, Connecticut, Delaware and Rhode Island which also vote that day.
Santorum's campaign said earlier this week that it is looking ahead to May when the southern states of North Carolina, West Virginia, Kentucky, Arkansas and Texas vote.
It has also vowed to take the fight all the way to the Republican convention in August if Romney is not able to win the 1,144 delegates needed to clinch the nomination.
But if enough of the party's "super delegates" throw their weight behind Romney, the race could be essentially over long before then.
Romney currently has an estimated 560 delegates, while Santorum has won 246, according to the website Real Clear Politics.

Jonathan Woos Kebbi Electorate for Dakingari

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President Goodluck Jonathan

President Goodluck Jonathan Thursday said he believes the Peoples Democratic Party (PDP) would have a clean slate in the March 31 governorship election in Kebbi State, due to lack of what he called credible opposition.
Jonathan, who stated this at the flag off of the governorship campaign of former governor of the state, Alhaji Saidu Dankingari, as the flag bearer of the PDP in the election, said it was expedient for the electorate to vote for the party, which he said would continue to deliver democratic dividends to the people.
“We are in Kebbi for the governorship election slated for March 31, this year and I am seizing this opportunity to present our candidate to you all,” he said.
The president, who addressed the party’s supporters at the Haliru Stadium in Birnin Kebbi, said he was confident the election would be peaceful, stressing that the return of the Adamu Aliero group to the party, was an evidence of the fact that there was no credible opposition ahead of the election.
Speaking further, he noted that Dankingari was a saleable candidate and this was why the PDP anointed him as the party’s candidate, while also appealing to all tiers of government to be law abiding and also to obey constituted authorities.
Responding, Dakingari thanked the party for giving him the governorship ticket and promised not to disappoint the people of the state.
He promised to continue with rural transformation programme, especially the construction of roads, hospitals and provision of potable water, among other things, for the people of the state.
In a related development, former President Olusegun Obasanjo has commended opposition parties, especially the Aliero group, for returning to the PDP.
According to Obasanjo, Aliero joined the PDP sincerely and his supporters throughout the state under normal circumstances should follow him to the PDP.

“I am appealing to you all to support our candidate and vote for him overwhelmingly during the election,” he said.
He said as the chairman of the Board of Trustees (BoT) of the party, he would ensure that the transformation of the party was total.

By Saka Ibrahim

Obama Picks Dartmouth President Kim to Lead World Bank

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Dartmouth College president Jim Yong Kim


(YahooNews) President Barack Obama on Friday nominated Dartmouth College president Jim Yong Kim to succeed Robert Zoellick as the head of the World Bank, picking a Korean-born former HIV/AIDS official with the World Health Organization to lead the anti-poverty institution.

"The World Bank is more than just a bank. It's one of the most powerful tools we have to reduce poverty and raise standards of living in some of the poorest countries on the planet," Obama, who heads to Seoul, South Korea, late Friday for a nuclear security summit, said in the White House's sun-soaked Rose Garden.
"Nobody is more qualified to carry out that mission than Dr Jim Kim. It's time for a development professional to lead the world's largest development agency," Obama said, with Kim, Secretary of State Hillary Clinton, and Treasury Secretary Timothy Geithner at his side.

According to Yahoo News, the World Bank's board of directors is expected to confirm Kim's appointment. The organization has always been led by an American since its founding in 1944 to serve as a clearinghouse for the reconstruction of Europe in the aftermath of World War II, and Washington still has a majority of the votes.Obama considered other candidates for the job, including his ambassador to the United Nations, Susan Rice, and Senate Foreign Relations Committee Chairman John Kerry. Jeffrey Sachs, director of the Earth Institute at Columbia University, publicly campaigned for the post. Other names reportedly in the mix had included Microsoft founder and philanthropist Bill Gates as well as PepsiCo chief Indra Nooyi and former Obama economic adviser Larry Summers.
By convention, the United States picks the World Bank president, while Europe chooses the head of  its sister organization, the International Monetary Fund. Highly regarded French former finance minister Christine Lagarde currently holds the post.

But developing nations have put forth their own candidates for the World Bank job, arguing they need more of a say in the institution that overseas loans and grants to major development projects

Boeing, Embraer Collaborate on Aviation Biofuel Commercialization

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 Boeing Commercial Airplanes President and CEO,  Jim Albaugh

Airbus and Embraer have signed a memorandum of understanding to work together on the development of drop-in, affordable aviation biofuels.
According to a statement from Boeing, the three leading airframe manufacturers agreed to seek collaborative opportunities to speak in unity to government, biofuel producers and other key stakeholders to support, promote and accelerate the availability of sustainable new jet fuel sources.
Boeing Commercial Airplanes President and CEO Jim Albaugh, Airbus President and CEO Tom Enders, and Embraer Commercial Aviation President Paulo Cesar Silva, signed the agreement at the Air Transport Action Group (ATAG) Aviation and Environment Summit in Geneva.
"There are times to compete and there are times to cooperate," said Albaugh. "Two of the biggest threats to our industry are the price of oil and the impact of commercial air travel on our environment. By working with Airbus and Embraer on sustainable biofuels, we can accelerate their availability and reduce our industry's impacts on the planet we share.
"We've achieved a lot in the last ten years in reducing our industry's CO2 footprint - a 45 percent traffic growth with only three percent more fuel consumption," said Tom Enders.

Who also noted that the production and use of sustainable quantities of aviation biofuels was key to meeting the industry's ambitious CO2 reduction targets and “we are helping to do this through research and technology our expanding network of worldwide value chains and supporting the EU commission towards its target of four percent of biofuel for aviation by 2020."
Albaugh added that the aircraft manufacturing companies were committed to take a leading role in the development of technology programs that would facilitate aviation biofuels development and actual application faster than if we were doing it independently.
“Few people know that Brazil's well known automotive biofuels program started within our aeronautical research community, back in the seventies, and we will keep on making history, said Paulo Cesar Silva," Embraer boss.
The collaboration agreement supports the industry's multi-pronged approach to continuously reduce the industry's carbon emissions. Continuous innovation, spurred by competitive market dynamics that push each manufacturer to continuously improve product performance, and air traffic modernization, are other critical elements to achieving carbon-neutral growth beyond 2020 and halving industry emissions by 2050 based on 2005 levels.
"Having these three aviation leaders set aside their competitive differences and work together in support of biofuel development, underscores the importance and focus the industry is placing on sustainable practices," said ATAG Executive Director Paul Steele. "Through these types of broad industry collaboration agreements, aviation is doing all it can to drive measurable reductions in carbon emissions, while continuing to provide strong global economic and social value."
All three companies are affiliate members of the Sustainable Aviation Fuel Users Group   which includes 23 leading airlines responsible for approximately 25 percent of annual aviation fuel use.
Boeing and Embraer are already collaborating on how to establish a sustainable aviation biofuels industry in Brazil and exploring new technology pathways to broaden biofuel sourcing and availability.
Boeing and Airbus are also active around the globe in helping to establish regional supply chains, while the three manufacturers have all supported numerous biofuel flights since global fuel standards bodies granted their approval for commercial use in 2011.

By Chinedu Eze

Swiss Jeweller Creates $70m All-diamond, 150-carat Ring

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The 150-carat diamond ring costs $70m


Switzerland's Shawish Jewellery has created the world's first diamond ring, reports The Sideshow.
Not impressed? Well, consider that the entire ring  is carved from a diamond, whereas most other diamond rings are composed of a precious-metal band with a diamond centerpiece.
Styleite writes that the 150-carat ring runs laps around some other famous diamond competitors, including Beyoncé's 18-carat engagement ring from Jay-Z and the even better known 30-carat ring given to the late Elizabeth Taylor by Richard Burton.
The ring was created by Shawish's president and CEO Mohamed Shawesh using lasers (yes, lasers!) along with traditional diamond cutting and polishing techniques. It took a full year to carve the ring, which has been copyrighted and is expected to sell for $70 million.

PDP Set to Crown Tukur

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Alhaji Bamanga Tukur

•How his candidacy was revived

Following the agreement between the Presidency and Peoples Democratic Party (PDP) governors in regard to his candidature, all is set for the party’s delegates to ‘anoint’  Alhaji Bamanga Tukur as the new PDP national chairman at today’s national convention.

It also emerged last night that President Goodluck Jonathan’s last-minute’s acceptance of the request of the governors to have one of their own, former governor of Osun State, Prince Olagunsoye Oyinlola, adopted for the position of national secretary engendered the governors’ support for Tukur.

This was the highpoint of the meeting between the PDP governors, President Jonathan, his Chief of Staff, Mike Oghiadome, and other party stakeholders at the Presidential Villa, Abuja, late Thursday night.

In the meantime, about 5,000 delegates are expected to participate in today’s convention.

Also, after several meetings to arrive at a concensus on who takes over as new deputy national chairman, THISDAY can confirm that the former National Organising Secretary, Prince Uche Secondus, will slug it out with another contestant from Rivers State, Dr. Jaja Sam Sam.

The stakeholders from South-south held a lengthy session in an attempt to arrive at a consensus between Secondus and Jaja to no avail even by 11pm last night.

THISDAY reliably gathered that the inability of the Presidency to categorically support Oyinlola’s nomination as national secretary informed the sudden jettisoning of Tukur, known to enjoy President Jonathan’s support, by the North-east zone on Wednesday.

The North-east delegates spurred by some governors from the zone had at the party’s zonal congress in Bauchi dumped Tukur and adopted the outgoing acting National Secretary of the party, Dr. Musa Babayo, as the consensus national chairmanship candidate of the zone.

But the momentary verve which their action had given to Babayo’s bid proved anti-climactic as he formally withdrew from the race last night.

Tukur, Bauchi State Governor Isa Yuguda and Babayo went into a crucial meeting in Tukur’s Wuse Zone 2, Abuja, residence late last night.

THISDAY gathered that the party’s National Working Committee (NWC) unknowingly nearly put a clog in the wheel for Tukur when they published the list of duly nominated candidates for the various national offices without the name of Oyinlola as a candidate for the office of national secretary.

Oyinlola was drafted into the race for national secretary rather late and as such picked and submitted his nomination form outside the time-frame allotted for it.

The initial exclusion of Oyinlola infuriated the PDP governors who in turned played a fast one on Tukur before the matter was amicably resolved on Thursday night.

The final adoption of Oyinlola was part of the “Otueke gameplan” where the governors and President Jonathan had agreed on Tukur and the former Osun State governor as the next chairman and secretary of the party.

At the Thursday meeting, the governors complained that the NWC members failed to keep to the terms of the meeting, hence the counter move that saw Babayo defeating Tukur as the consensus chairmanship candidate from the zone.

The meeting also agreed to concede the office of the National Organising Secretary to Vice-President Namadi Sambo, with the former Head of Service in Kaduna State, Alhaji Abubakar Mustapha, becoming the direct beneficiary.

Also, the former Minister of Sports, Hon. Bala Kaoje, may emerge the new PDP national treasurer. Mustapha hails from Kaduna while Kaoje is from Kebbi State.

Following the sudden adoption of Babayo as the consensus chairmanship candidate of the North-east, outgoing acting Chairman Kawu Baraje had also said all offices would be openly conducted at the convention.

He had directed the Chairman of the 75-man PDP National Convention Committee, Chief Ojo Maduekwe, to conduct a free and fair election.

Former member of the House of Representatives, Hon. Chudi Offodile, was also said to have benefitted from the new development as a national publicity secretary candidate as his name was initially not included among those to contest for the office  over allegations that he submitted his nomination form after the deadline.

But Maduekwe has said that all the candidates that bought nomination forms would be allowed to contest, whether there is zoning or a consensual arrangement.

Maduekwe who has been named Nigeria’s new ambassador to Canada also disclosed that over 5000 delegates are expected today at the national convention.

He also said adequate security arrangement had been put in place for the protection of delegates and others attending the convention.

NPA, Navy Synergise on Detention of Merchant Vessels

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Nigeria’s coastal water

The Managing Director, Nigerian Ports Authority (NPA), Mr Omar Suleiman,  has called for a renewed synergy between the Authority and the Nigerian Navy on maritime security, particularly on the detention of merchants vessels.
According to the Managing Director, the renewed synergy especially on the detention of merchant vessels, has become necessary in view of the negative impact such detention has on international trade and the nation’s desire to be a hub in the West African sub-region.
  Suleiman who spoke  in Lagos   when  he received the Flag Officer Commanding (FOC) the West Naval Command Rear Admiral Aminu Ikioda noted that the demurrage incurred as a result of such detentions are usually passed to the consumers, by way of higher prices of goods in the nation.
In a statement signed by the  General Manager, Public Relations, Chief Michael  Ajayi, the  NPA CEO   told the FOC the efforts of the Authority in the areas of channels expansion and the provision of mooring buoys along the channels.
He said the Authority has achieved substantial progress on the expansion of its channels to enable it accommodate bigger vessels in order ensure   navigational efficiency, adding that the organisation is also installing mooring buoys along its channels to ensure improved pilotage.
  Suleiman, who commended the cordial relationship between the Authority and the Navy noted that the two establishments have the common goal of developing the maritime potentials of the nation and reassured that the NPA will continue to support the service to ensure its greater success at all times.
 
Responding, the Flag Officer thanked the Managing Director for the Authority’s swift response to the service request for TUG boats and other logistical supports each time such requests were  made. 
Rear Admiral Ikiode said he was happy with the Authority on the issue of channel expansion and the provision of mooring buoys at the channels, pointing out that the efforts will go a long way in ensuring navigational safety in the nation’s channels.
While assuring that the Western Naval Command will continue to collaborate and cooperate with the Authority on maritime security, he said the command will not hesitate to solicit for assistance from the organisation whenever the need arises.

U.S. Stocks Rise as Oil Rally Offsets Drop in Home Sales

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New York Stock Exchange

(Bloomberg) U.S. stocks rose, trimming the biggest weekly drop of the year for the Standard & Poor’s 500 Index, as a gain in energy companies offset a report showing purchases of new homes unexpectedly fell.

The S&P 500 rose 0.3 percent to 1,397.19 at 4 p.m. New York time Friday, according to preliminary closing data. The benchmark index pared its decline for the week to 0.5 percent, according to  Bloomberg report.

“Energy’s leading and it’s a reflection of the news out of Iran and concerns about a potential shortage of oil,” Bruce Bittles, chief investment strategist at Milwaukee-based Robert W. Baird, which oversees $85 billion, said in a telephone interview. “The market’s had a big run the first quarter and we could see some sort of consolidation phase, but I don’t see the market vulnerable to any significant correction. Despite the big run in stocks, investor sentiment has been contained.”

U.S. stocks retreated yesterday as manufacturing contracted in China and Europe and FedEx Corp. (FDX) tumbled amid a disappointing forecast. While the S&P 500 posted its second weekly drop in 2012, the benchmark equity gauge has climbed 11 percent this year and is on track for the best first quarter since 1998.

The S&P 500 is up 2.3 percent for March, heading for its longest monthly rally since September 2009 as economic data topped forecasts and the European Central Bank disbursed more than 1 trillion euros ($1.3 trillion) to lenders.

Al Ahly Set for Emotional Return in Champions League

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Al Ahly players run for their lives during the Port Said riots


The Egyptian side Al Ahly make a return to football this Sunday, for the first time since 74 people died after a league match last month.
According to the BBC, Ahly face Coffee of Ethiopia in an African Champions League second round, first leg tie in Addis Ababa.
The six-times African champions have not played a competitive match since the tragedy in Port Said on 1 February.
But they have pledged to win the Champions League to honour those fans who died.
To maintain their competitive edge, Egypt's leading club has been forced to play a series of matches in the United Arab Emirates.
Such is the concern over security, that Ahly has not even been allowed to play friendly matches at home.
Ahly board member Khaled Mortagey told BBC Sport: "I think this is the most difficult situation we have ever seen.
"The impact is huge, not only on the Ahly players but on the sporting mood. After the tragedy, Egyptian sport stopped until now."
Ahly coach, Manuel Jose, has injury worries ahead of their first leg encounter, which will be played at the national stadium in Ethiopia's capital, 2,400m above sea level.
Veteran players Wael Gomaa and Emad Moteab are unlikely to feature. There are also doubts surrounding Mohamed Barakat, Mohamed Nagy and Dominique da Silva.
Coffee overcame Coin Noir Mitsamiouli of Comoros in the previous round.
Elsewhere, Tunisian giants Esperance begin the defence of their title with a trip to Brikama United of The Gambia in the first leg.
Esperance's Swiss coach, Michel Decastel, admits his side must be wary of this weekend's opposition.
Esperance of Tunisia celebrate winning the African Champions League in 2011
Esperance were Champions League winners in 2011
"We don't know the team but we know that the Gambia's youth teams have been African champions in the past," he said. "And that The Gambia beat Tunisia in Tunis in 2010. So we have to be careful."
Esperance are one of a number of leading sides which enter the competition at the second round stage.
Decastel insists that his team will not underestimate Brikama, as they bid for back-to-back success.
He said: "The African Champions League is very important because we are the defending champions and we don't want to give up that title.
"So, this round is difficult, but we'll respect our opponents, not fear them, and we'll play to qualify."
Other first leg ties of note this weekend include Zamalek, who have been crowned African champions five times, at home to Africa Sports from Cote d’Ivoire. This is a rematch of the 1986 final.
And TP Mazembe, winners in 2009 and 2010, return to the competition with a trip to Zambian side Power Dynamos. The Democratic Republic of Congo club were disqualified last year for fielding an ineligible player.
Dynamos include five players from Zambia's successful Africa Cup of Nations squad.

World Bank to lend Kenya $1.9 bln in 2012-14

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W’Bank Headquarters

(Reuters) - The World Bank has committed $1.9 billion for various development projects in Kenya over the next two years, and $400 million has already been disbursed, a senior bank official said.
Through its lending arm, the International Development Association, the bank has already invested over $2 billion in sectors like water, energy and transport infrastructure in east Africa's biggest economy.
"We have a pipeline of up to $1.5 billion to be invested in Kenya over the next two years," Rachel Kyte, World Bank vice president for sustainable development, told a news conference.
The investments have gone into infrastructure projects like power generation and transmission, roads and airports, according to Reuters report.
The World Bank's loans have zero or very low interest charge and repayments are stretched over 25 to 40 years, including a 5 to 10-year grace period
The bank expects the Kenyan economy to grow by 5 percent this year and 5.5 percent in 2013.
"We are optimistic about the possibility for Kenya to sustain really quite high growth rates," Kyte said.
"But in order to do that then the investment climes and the execution of the very compelling vision for energy, for water resources management, for transport and infrastructure need to go apace."

Maid's Interview Raises Stakes in Strauss-Kahn Case

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A copy of Newsweek Magazine in Washington, DC, featuring former IMF Managing Director Dominique Strauss-Kahn and the Guinean woman who has accused him of trying to rape her in New York
AFP

The surprise emergence from hiding of the maid who accuses Dominique Strauss-Kahn of attempted rape has raised the stakes again in the torrid case a week ahead of the next court hearing.
Strauss-Kahn has been freed from house arrest and New York prosecutors suggest their case is on the point of collapse because of problems with certain aspects of the maid's credibility, reports AFP.
So the sudden appearance of Nafissatou Diallo on ABC television and in a lengthy interview with Newsweek gives the 32-year-old Guinean immigrant a shot at wrestling momentum back in her favour.
The interviews, breaking 10 weeks of silence from the woman who says Strauss-Kahn forced her into oral sex in his luxury hotel room, brought little new in the way of allegations.
However, they put a human, at times tearful face on Diallo whose media star has fallen so far that the New York Post, a powerful tabloid, has even painted her as a prostitute.
The media offensive in the run-up to Strauss-Kahn's August 1 hearing in New York state court is partly aimed at pressuring the office of District Attorney Cyrus Vance not to give up the prosecution, legal expert Brenda Smith said.
"The timing of this is really to increase the chances that the prosecution will move forward, that there is outrage," Smith, a professor at American University Washington College of Law and an expert on sexual violence, said.
"Prosecutors are very sensitive to what the public thinks. I suspect they're going to be looking at the tea leaves."
But she said Diallo's attempt to play the public opinion battle is a "high risk strategy" that also exposes her even more than she already is to being shredded under cross-examination as a gold digger who exaggerated and changed her story.
If Vance -- reeling from the embarrassing setbacks over his attempt to prosecute Strauss-Kahn -- is under pressure from Diallo's lawyers, then he's also taking fire from the defendant.
In a withering statement Monday, Strauss-Kahn's high-flying attorneys, William Taylor and Benjamin Brafman accused Diallo of trying "to wage a media campaign intended to force a prosecutor to pursue charges against an innocent person, an innocent person from whom Ms Diallo wants money."
They called her interviews "a desperate distraction from the key fact that Ms Diallo has had to admit to misleading these very same prosecutors from the beginning."
"The cause of justice here is served only when criminal charges are dropped and this unseemly circus comes to an end," the lawyers said.
Matthew Galluzzo, a former prosecutor in the Manhattan District Attorney's Sex Crimes Unit, said Diallo was not helping her case with the "soapbox stuff."
"To need to do this kind of thing suggests there's no case. If there was a case you wouldn't need to do this kind of thing," he said.
What Diallo's lawyer, Kenneth Thompson might really be doing is laying groundwork for his civil lawsuit against Strauss-Kahn.
A civil suit seeking financial compensation from Strauss-Kahn would have a stronger basis if it came on the back of a successful criminal trial. Taylor and Brafman claim that Thompson knows "that her claim for money suffers a fatal blow when the criminal charges are dismissed as they must be."
But experts say that a civil suit could go ahead regardless of the outcome of the criminal case.

Foreign Reserves Rise to $34.6bn

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Minister of Finance, Mrs Ngozi Okonjo Iweala

Nigeria's foreign exchange reserves rose to $34.67 billion on Wednesday February 1, their highest level in four and half months, Central Bank of Nigeria data showed yesterday, thus raising hopes of a more stable exchange rate for the naira.
This is coming on the heels of the naira advancing for a fourth day Friday against the United States Dollar on increased dollar supply from oil companies to fund operations.
The new foreign exchange reserves figure was up against the $32.98 billion reserves that Nigeria had at the start of last month, and also higher than the $33.16 billion it had at this time a year ago, reports Reuters.
Forex reserves at current level could finance more than six months of imports of goods and services, the CBN said.
Strong demand for the dollar on the domestic market has piled pressure on the local currency since last year, eating into the reserves of Nigeria as the CBN intervened to prop it up.

The CBN said outlook for oil prices in the short-term suggested that foreign exchange reserves would continue to recover.
Meanwhile, the naira climbed 0.1 percent to 160.35 per dollar on the interbank market yesterday in Lagos. The naira is up 0.4 percent this week following four days of gains against the dollar.
Oil company sales increased supply of dollars. There is ample supply, more than demand at the moment, Jide Solanke, an analyst at First Securities Discount House told Reuters by phone.
Nigeria isn’t under pressure to devalue the naira again after lowering its band against the dollar last year, CBN Governor Lamido Sanusi said on February 1. The bank has also kept its benchmark interest rate.

By Yemi Adebowale 

W’Bank: Obama Nominates Okonjo-Iweala’s Challenger

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Nigeria's Finance Minister and immediate past managing director of the World Bank, Ngozi Okonjo-Iweala

Nigeria, Angola, S’Africa endorse minister
The race to succeed World Bank President Robert Zoellick heightened yesterday as United States President Barack Obama announced the nomination of Dr. Jim Yong Kim, a Korean-American Physician, for the global financial institution's topmost seat.

Obama's nomination of Kim, a professor of Medicine and Social Medicine and President of  Dartmouth College since 2009, came on a day Nigeria's Finance Minister and immediate past managing director of the World Bank, Ngozi Okonjo-Iweala, was nominated for the same office by African countries - a move spearheaded by South Africa, Nigeria and Angola.
Another American, Jeffrey Sachs, who is a development economist at Columbia University had also signified interest in the plum seat.

As the nomination process ended at the close of business yesterday, the executive directors of the World Bank has released the names of three nominees to be considered for the job. The list include Kim, Okonjo-Iweala and Jose Antonio Ocampo, a Colombian national and professor at Columbia Univer-sity. 

Formal interviews by the executive directors would be conducted for all shortlisted candidates to select a new President by consensus by the upcoming Spring Meetings.

Under the Bank’s Articles, World Bank President is chief operating officer of the bank and conducts, under the direction of the executive directors, the ordinary business of the bank. The bank's President is also responsible for the organization, appointment and dismissal of the officers and staff, subject to the general control of the executive directors. 

Obama's nomination of Kim is seen as a strong indication that US is not ready to let go the World Bank's topmost seat - which had been its exclusive preserve since the creation of the Breton wood's institution in 1944 - especially in an election year where Obama's opponent had blamed  his administration for what they called the declining influence of US in world affairs.

A statement from the White House yesterday said Kim's "personal experience and years of service make him an ideal candidate for this job.”

Noting that the World Bank is one of the most powerful tools to reduce poverty and raise standards of living around the globe, the statement quoted Obama as saying “Jim has spent more than two decades working to improve conditions in developing countries around the world.”

Describing Kim as a leader who had devoted his career to improving the lives of people in developing countries and championing the cause of global health, Obama said it was time for a development professional to lead the world's largest development agency.

Fifty-two year old Seoul-born Kim, who moved to US at the age of five, served as director of the World Health Organization’s Department of HIV/AIDS,  where he launched the “3 by 5” initiative, which sought to treat 3 million patients living with HIV, an initiative regarded as one of the most successful in modern global health.

Okonjo-Iweala, who had also served as vice-president and corporate secretary of the World Bank Group, and two-time finance minister of Nigeria, with a sterling record of striking a deal with the Paris Club - a group of bilateral creditors - to pay $12 billion of Nigeria's external debt in return for an $18 billion debt write-off, is believed to be a top contender based on the combination of support from Africa and emerging economies, and her brilliant record of service at the World Bank.

Following the incumbent President Zoellick declaration that he would not seek reappointment at the end of his term which expires on June 30, the Board of Executive Directors of the bank met last month under the Chairmanship of its Dean, Mr. Abdulrahman M. Almofadhi, to discuss the selection of the next President of the Group.

That meeting reconfirmed the importance of a merit-based and transparent process and agreed that candidates should meet the following criteria: a proven track record of leadership; experience of managing large organizations with international exposure, and a familiarity with the public sector; the ability to articulate a clear vision of the World Bank Group’s development mission; a firm commitment to and appreciation for multilateral cooperation; and effective and diplomatic communication skills, impartiality and objectivity in the performance of the responsibilities of the position.

The bank, a 187-member countries' institution, has 25 executive directors.  US, France, Germany, Japan and United Kingdom - who are the five largest shareholders - appoint five executive directors, while China, Russian Federation and Saudi Arabia each elect its own executive director, with other executive directors elected by the other member countries.

From Tokunbo Adedoja in New York and Obinna Chima in Lagos