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Monday, April 23, 2012

Hollande beats Sarkozy in French first round voting

PARIS (AFP) – Socialist champion Francois Hollande stamped his authority on the French presidential race Sunday, winning the first round of polling and setting up a May 6 run-off with incumbent Nicolas Sarkozy.
Hollande won between 28 and 29 percent of the vote in the first round, to Sarkozy’s 25.5 to 27, according to estimates compiled from ballot samples by several polling agencies and obtained by AFP from multiple sources.
But the surprise package was the far-right anti-immigrant candidate Marine Le Pen, who won between 18 and 20 percent — her National Front party’s best showing which complicated forecasts for the second round.
Sarkozy is the only incumbent French president to lose a first round-vote in modern French history and opponents of all stripes queued up to pronounce his political obituary in live broadcasts and speeches to supporters.
“The exceptional score of Francois Hollande brings hope for change,” said senior Socialist campaign official Manuel Valls, branding Sarkozy’s second place finish a “massive rejection.”
Marine Le Pen’s father, National Front founder Jean-Marie Le Pen, refused to say who he would vote for in the second round now that his daughter has been eliminated, but added: “I think Sarkozy is finished.”
Sarkozy’s camp put a brave face on the defeat, insisting that with the votes of the Le Pen camp and that of centrist Francois Bayrou the right had not had a bad night and that Sarkozy would bounce back before May 6.
“The message from the French, which we heard loud and clear, was that this was a vote in a time of crisis,” said Jean-Francois Cope, leader of Sarkozy’s right-wing UMP and a possible future presidential candidate.
“From tomorrow morning, we will no longer be in a case of nine candidates against Nicolas Sarkozy, but we will be one-to-one, Nicolas Sarkozy against Francois Hollande … then I think the match will be different,” he said.
Far left candidate Jean-Luc Melenchon was beaten into fourth place with around 11.7 percent, a disappointment for his supporters after a barnstorming campaign, and called on the left to unite to oust Sarkozy.
Turnout was high at at least 80 percent: down on the 84 percent turnout of 2007 but up significantly on the 72 percent of 2002 and belying fears that a low-key campaign would be capped by mass abstention.
The left has not won a presidential election in a quarter of a century, but with France mired in low growth and rising joblessness, opinion polls had long predicted that the left would beat the right-wing incumbent.
Hollande says Sarkozy has trapped France in a downward spiral of austerity and job losses, while Sarkozy says his rival is inexperienced and weak-willed and would spark financial panic through reckless spending pledges.
The eurozone debt crisis and France’s sluggish growth and high unemployment have hung over the campaign, with Sarkozy struggling to defend his record and Hollande unable to credibly promise spending increases.
“I have never missed a vote, but this time I feel little enthusiasm for the election,” said 62-year-old retired high school teacher Isabelle Provost as she emerged into bright Paris sunshine after casting her ballot.
“Economically there is little difference between the two main candidates,” she said, echoing the sentiment of many others of the right and the left.
Opinion polls and campaigning were banned from midnight on Friday, and will now resume on Monday in the build-up to the May 6 run-off, which Hollande has hitherto been predicted to win by around 55 percent to 45.
Sarkozy and Hollande face a two-week scramble for the line, including a head-to-head televised debate that could be the incumbent’s last chance to change his fortunes.

Light bulb with 20-year life unveiled in US on Earth Day

WASHINGTON (AFP) – A prize-winning, super-energy-saving LED bulb from Dutch electronics giant Philips said to last over 20 years went on sale Sunday to coincide with Earth Day.
The bulb that won the US Department of Energy’s “Bright Tomorrow Lighting Prize” was available from retailers for $50, down from an initial $60 price tag. The company said it was planning discounts to bring the cost down to as little as $25.
The 10-watt LED bulb (light-emitting diode) was deemed an efficient alternative to the standard 60-watt incandescent bulb, and rated to last 30,000 hours — when used four hours a day, that translates to a more than two-decade life span, according to the company.
For consumers attentive to cost, Philips said the price tag was easily offset by energy savings of $165 over its lifetime.
The new bulb, which gives off 940 lumens, a soft white light, is “83 percent more energy efficient than the standard 60-watt incandescent,” said Philips’ North America executive Ed Crawford in announcing upcoming rebates.
Incandescent bulbs are power-sucking classics being phased out in countries around the world, replaced by energy-efficient CFL versions containing toxic mercury that make them hazardous to toss in the rubbish.
Philips’ omni-directional bulb, which contains no mercury, began life as the sole entrant to the US government competition seeking ways to replace the common light bulb, and was submitted in 2009 after 18 months of testing.
LED bulbs face competition from compact fluorescent lights that approach seek similar efficiency levels, and cost far less.
The symbolic choice of Sunday’s Earth Day release however saw Philips branding their bulb as the environmentally friendly choice.
Now in its 42 year, International Earth Day aims to bring attention to climate change and pollution, and highlight ways to save energy.
According to Philips, if every 60-watt incandescent bulb in the United States was replaced with their prize winner, “the nation would save about 35 terawatt-hours of electricity or $3.9 billion in one year.”
A nationwide changeover would also avoid 20 million metric tons of carbon emissions, said the company — equivalent to removing some 4 million cars from the roads.
“Consumers are no longer looking at a product that will last just six months to a year, they are looking at a product that is much more efficient and will be with them for decades,” Crawford said ahead of the release.
“With LED bulbs, we are looking at a wholesale change in buying lighting technology, going from a disposable good to a durable good,” he added.
Philips said it has partnered with over 280 US utility companies for the rebates and 230 more utility firms are expected to join the program in June.

Five Boko Haram members die in Biu explosion

MAIDUGURI – THE Joint Military Task Force (JTF) in Maiduguri, the Borno state capital has said that no fewer than 5 people suspected to be members of Boko Haram have been killed while preparing Improvised Explosive Devices (IED’s) which exploded Sunday in Biu Local Goovernment Area of the state.
Biu is one of the five council areas which is under the state of emergency declared by President Jonathan since January this year.
Field Operations Officer of the Joint Task Force (JTF) in Borno State Colonel Victor Ebhaleme confirmed the incident in a telephone interview from Maiduguri.
He said, “We got information that some Boko Haram terrorists were planning to invade Maiduguri from Biu town, 187 kilometers away with a view to causing crises.
This prompted the JTF,331 Battalion in Biu town and the Department of State Security Services  to mobilize our men to Biu town where we found pieces of human parts numbering about five destroyed by Improvised Explosive Devises (IEDs)” Colonel Ebhaleme said on phone.
Ebhaleme also reveal that “three GPMG,5 AK47 9 Magazines, 73 rounds of ammunition and some Improvised  Explosive Devise making materials were recovered from the Boko Haram suspects. Besides, we were able to arrest two of the suspect while trying to flee the bomb making factory”.
He therefore urged the general public not to panic but to go about their normal businesses as JTF is on top of the security challenges affecting the state.

BY NDAHI MARAMA

‘Cristiano Ronaldo is the best in the world’

MADRID (AFP) – Cristiano Ronaldo grabbed his 54th goal of the season as Real Madrid moved closer to a 32nd La Liga title with a 2-1 win at Barcelona for whom Lionel Messi was reduced to a bit-part role.
“It was an important goal but the win for the team is more important, we have four matches left and with the seven-point gap (over Barcelona) we are in a comfortable position,” said Ronaldo.
The Portuguese star later tweeted: “Mission accomplished”.
Aitor Karanka  claimed that Cristiano Ronaldo is the best player in the world  For me, Cristiano is the best player in the world. He has given us some of our greatest moments. Back in [last season’s] Copa del Rey final, he gave us the title,” Karanka said after the match.
Real Madrid's Portuguese forward Cristiano Ronaldo celebrates after scoring their second goal during the Spanish league football match Real Madrid vs Sporting Gijon at the Santiago Barnabeu stadium in Madrid on April 14, 2012. AFP PHOTO

“These are three important points that give us confidence to continue working hard.”
The victory means Madrid now move seven points clear of Barca at the Liga summit with only four matches left, and are now overwhelming favourites to lift their first Primera Division title in four years.
Ronaldo finished a Mesut Ozil pass from a tight angle on 73 minutes after rounding Victor Valdes in the Barca goal.
Sami Khedira had put Madrid ahead before substitute Alexis Sanchez levelled for Barca to give the Nou Camp faithful — who had seen their champions crush their bitter rivals 5-1 in the same fixture last year — a degree of hope.
The goal also means Ronaldo moves one ahead of Messi on 42 league goals in the battle to be ‘pichichi’, La Liga’s top goal-scorer.
On the night, Ronaldo was far more dangerous than Messi, with six attempts at goal to Messi’s one, a statistic which illustrated the Argentine’s miserable evening.
“I am very happy,” added Ronaldo. “I have scored now in the last three games here at Camp Nou, but the most important thing is the team and I congratulate my colleagues on their performance.”
Madrid’s two goals almost meant it was 109 for the season making them the highest-scoring team in a single season in Spanish football history, beating the record of 107 previously held by the Madrid side of the 1989-90 season.
“We are very happy to win in the Nou Camp and beat the goals record. Now we have to look to the Bayern game (on Wednesday in Champions League) in front of our own fans and we’re very keen to get a good result,” added Ronaldo.
Madrid trail 2-1 to the Germans in their semi-final ahead of the second leg.
Ronaldo’s winner gave Madrid their first league win over Barcelona in four years and, barring a major stumble, ensured the title will return to the Santiago Bernabeu for the first time since 2008.
It will also end Barcelona’s three-year grip on the title.
For coach Jose Mourinho, it was his first win at Camp Nou with Madrid and only his second triumph in 11 attempts against the Catalans.
Afterwards he continued his policy of not speaking to the press about league games but his assistant Aitor Karanka insisted there was still work to do.
“This match was not decisive in the league title race,” said Karanka.
“There are still games and points to play for. Mourinho and the players are all happy, but we are also thinking now of the Champions League.
“Ronaldo has given us lots of fantastic moments. For me, he is the best player in the world.”
Barcelona coach Pep Guardiola hailed Real Madrid as the new champions.
“I congratulate Real Madrid for their victory and also for their league title which I have no doubt they have clinched tonight,” said Guardiola.
“We played a good match, but it wasn’t good enough. We played the kind of game that we needed to play but we just couldn’t do it.”
Guardiola also defended his decision to start the game with Gerard Pique and Cesc Fabregas on the bench.
“I selected the team which I thought had the best chance to defeat Madrid and, anyway, the losers are always wrong,” he said. “Now we have to look to the future.”
That was a reference to Tuesday’s Champions League semi-final against Chelsea when the Spanish giants will attempt to overturn a 1-0 deficit from the first game at Stamford Bridge last week.
“Tonight, the players are sad, they are tired, but in their careers they have all faced similar situations and overcome them.”
Madrid midfielder Xabi Alonso refused to believe that the title race was over.
“It’s a very important result, but it hasn’t decided anything,” said Alonso.
“It is a big step towards the title. We need to finish it off. We controlled the match tonight and the result was fantastic.
“The key moment was Ronaldo’s goal, it was the quick response to their equaliser.”
Barcelona’s Sergio Busquets admitted the game was almost up for his team.
“We are not in our best form at the moment, but we stayed true to our style of play,” he said.
“We will keep battling but it’ll be difficult.”

Manchester City close as United stumble revives title race

LONDON (AFP) – Manchester City made the most of Manchester United dropping points against Everton on Sunday to move within three points of the Premier League leaders by beating Wolves.
Everton twice came from two goals behind in an extraordinary 4-4 draw away to United at Old Trafford.
City, who knew United’s result before they kicked off, then won 2-0 against Wolves to relegate the Black Country club and revive their bid for a first English title in 44 years.
That win saw them move to within three points of United ahead of the Manchester derby at City’s Eastlands ground a week on Monday, where victory for the hosts will see them replace the champions at the top on goal difference with two matches left.
Argentina forward Sergio Aguero’s 27th minute opener put City ahead at Molineux before Samir Nasri’s goal 16 minutes from time made the game safe for the visitors as Wolves, who had to win to stay up, were relegated with three games left to play.
Everton were 4-2 down with seven minutes of normal time left and Manchester United manager Sir Alex Ferguson told Sky Sports afterwards: “We’ve thrown it (this match), away, absolutely given it away.”
Looking ahead to the derby, Ferguson said: “We’ve given them (City) the initiative. It makes the game at the Etihad Stadium more important — it’s the decider really.”
Ferguson, who acknowledged the City game would “definitely” be the biggest derby of his long United career, added: “We need to get a result now at the Etihad and there’s no reason we can’t do that. There’s been the expectancy from City that it could be their decider – it’s our decider too.”
Everton, who last won at Old Trafford 20 years ago, took a 33rd-minute lead when Nikica Jelavic headed in Tony Hibbert’s cross as the visitors looked to bounce back from their FA Cup semi-final defeat by cross-town rivals Liverpool.
But United were level before the break when Wayne Rooney, against his former club, powered in a header from Nani’s cross.
Danny Welbeck’s superb curling shot past former United keeper Tim Howard gave Ferguson’s men a 2-1 lead before Nani’s clever finish on the hour made it 3-1.
Everton, however, would not lie down and Marouane Fellaini’s first time shot from Hibbert’s cross cut United’s lead to 3-2.
But when Welbeck teed up Rooney for the England striker’s second goal in the 69th minute, it appeared United had wrapped up all three points.
Indeed United might have gone 5-2 in front only for Patrice Evra’s close-range header to come back off a post.
But Everton fought back with Jelavic scoring his second before, five minutes from normal time, South Africa’s Steven Pienaar swept in Fellaini’s cross to make it a scarcely credible 4-4.
United almost won the match in the fifth and final minute of stoppage time but Howard saved from Rio Ferdinand.
Everton manager David Moyes was delighted by the way his side responded to their FA Cup semi-final defeat.
“It was absolutely brilliant, the effort they put in,” he said. “We came here to win the game because we’ve felt hard done by lately, and the players didn’t half put a show on today.”
Elsewhere, Liverpool’s imploding league campaign took a turn for the worse as former manager Roy Hodgson, sacked last season by the Reds, oversaw West Brom’s first win at Anfield in 45 years with Peter Odemwingie scoring the lone goal in a 1-0 victory.

2015: Why core North is not keen on PDP BoT chair

ABUJA — AHEAD of the election of the new Chairman of the Board of Trustees, BoT, of the Peoples Democratic Party, PDP, there are strong indications that the North, especially the core part in the political calculation, is not keen about producing Chief Olusegun Obasanjo’s replacement as Chairman of the Board.
Vanguard gathered at the weekend that the North was withdrawing because if it pushes for the position and produce the BoT chairman, its chances of negotiating and pushing for the presidency ahead of 2015 may be jeopardised.
A senior member of the BoT and a northerner who spoke with Vanguard said: “BoT is presently made up of 88 members with some as statutory members and at present, the core North is not too keen about producing the next chairman of the board because of 2015 presidential election and if the North does that, it may affect the chances of producing a president from the zone.
“The North already has the position of Secretary of BoT in the person of Senator Walid Jibrin. At the moment, strong feelers have it that former Vice President Alex Ekwueme may be favoured for that position.”
The North presently has the position of National Chairman of the PDP in the person of Alhaji Bamanga Tukur from Adamawa State following the zoning of the position to North East before the March convention while Vice President Namadi Sambo is from Kaduna State, North-West Zone and the number three citizen, the Senate President, David Mark, is from Benue, North-Central zone of the country and the BoT Secretary, Senator Walid Jibrin is from Nasarawa State, also North-Central.
Meanwhile, with his return to the country after a short break, the PDP National Chairman, Bamanga Tukur, was said to have begun discussions with some BoT members especially on the letter of resignation by the immediate Chairman, Chief Olusegun Obasanjo.
But Vanguard gathered that no date has been fixed for a meeting of the BoT against the backdrop that the chairman will need to meet and brainstorm on issues affecting PDP with the leader of the party and President Goodluck Jonathan.
It would be recalled that former President Obasanjo had in a letter to the National Chairman in April 3, resigned his position as Chairman of BoT.
In the letter, he said, ‘’I have formally sent in my letter of resignation as the Chairman of BoT of PDP to the National Chairman of the party as prescribed in the party’s constitution.
‘’I have formally requested the President to allow my bowing out and to issue a short statement to that effect. By relieving myself of the responsibility for chairmanship of BoT of PDP, I will have a bit more time to devote to the international demand on me.”
It was also gathered that as the race for the chairmanship position is on, former Chairman of the party, Dr. Amadu Ali, former Senate President, Ken Nnamani are said to be interested, just as erstwhile Vice President Alex Ekwueme is also being penciled down for the position.
Ali who is said to be having the support and backing of former president Olusegun Obasanjo may have problem from his zone against the backdrop that the secretary of the board, Senator Walid Jibrin is from the same North Central zone with Ali.
As part of moves to frustrate Amadu Ali, PDP governors of the North Central States have concluded arrangements to push him out as a candidate for the position of chairman of the board. It was gathered that as part of moves not to heat the politics in the party and especially that of the north central, the five PDP governors of Kogi, Kwara, Plateau, Benue and Niger state have decided the BoT secretary who is already there and push against the person who is not there and for the zone not to lose out at the end of the day.
It was also gathered that one of the reasons why the aspiration of Ali is being frustrated by the zone is that the North Central is not ready to have a person who may be forced to resign later especially against the backdrop that Farouk Lawan’s Committee report on the management of the nation’s subsidy mentioned him as one of the beneficiaries.
According to a source, the North Central wants to settle with the position of Secretary which it has in its hands rather than present a candidate who may be asked to resign like in the case of former National Chairman of PDP, Prince Vincent Ogbulafor or that of former Secretary, Abdullahi Adamu who resigned as secretary of BoT following some allegations that were raised.

By Henry Umoru

Pension scam: Seven bureau de-change operators used to loot N38bn, EFCC tells court

ABUJA — The Economic and Financial Crimes Commission, EFCC, has exposed before a Federal High Court in Abuja, how five civil servants in the Office of the Head of Civil Service of the Federation, OHCSF, used seven different bureau de-change operators, to steal over N38 billion from pension funds.
The anti-graft agency further gave a graphic account of how it was able to nail the former Director of the Pensions Department in OHCSF, Dr Sani Teidi Shuaibu, to the fraud, even as it has tendered an evidence before the high court, depicting how the erstwhile pension boss used proceeds of the illicit deal to acquired an Abuja hotel for N359.25 million.
EFCC said during the investigation process, one Mohammed Muhamud, the owner of Muha Motors, who it said volunteered statements on February 16, 2011 and May 31, 2011, confessed that Dr Shuaibu at various times, used his bank accounts  to transfer huge sums of money to another account operated by one Chief Anthony Azewaputa, who EFCC said facilitated the purchase of “Brifina Hotel”, for the accused person.
It also named a manager of the United Bank for Africa, Mr Aliyu Salami, as an accomplice in the crime, alleging that he helped the accused person to divert stolen pension funds through the account of one of his customer’s company, S&S Concern Nig. Ltd, a company it said belongs to one Salami Mamman Jimoh, with account No. 00600030001127.

Civil Servants on the queue for verification exercise.

According to EFCC, “the fixed deposit was later liquidated and the sum of N100 million remitted to Dr Sani Shaibu through Muha Motors account.
“So far, investigation was able to trace money from Dr Shaibu Sani Teidi to Mohammed Muhamud accounts, in which Mahumud stated that the monies were paid to Chief Anthony Azeweputa through A. E. Bright Future Motors Ltd accounts for the purchase of Brifina Hotel. He also stated that the agreement for the sale of Brifina Hotel to Shaibu was drafted and signed by Barr. Anthony Prince Ameh who signed on Shaibu’s behalf and was managing the hotel for Shaibu as well.
“This has been confirmed from Barr Anthony P. Ameh who came to the commission and volunteered his statement under caution from 29/3/2011 to 7/6/2011.”
The prosecuting agency said from its analysis, N165 million was paid to Chief Anthony from Muha Motos account with Afribank account 1490529977612 on 8th April 2009 through A.E Bright Motors Nig Ltd account with Spring Bank Plc, saying another payment of N109.25million, was also paid on the same day from the Afri Bank account to an account with Bank PHB Plc.
Meanwhile, EFCC gave names of the seven bureau de-change operators that were used to siphon pension funds, their Account No, amount and dates they made confessional statements as, Aliyu Abubakar Kiruwa, 04211701700343, N2,750, 000.00, 23/2/2011, Musa Mohammed, 127001012704, N1,880,000.00, 17/02/2011, Bello Alhaji Minister, 1830001010401, N3, 800, 000.00, 23/2/2011, Hussaini Muhammad, 3501701700172, N17, 100, 00.00, 17/02/2011.
Others are El-Mustafa Yahya, 0291701200120, N2, 200, 00.00, Alaneme Chukwuemeka Sylvester, 0661701700173, N3, 850, 00.00, Sidi Gambo Umar, 1261701200014, N2, 800, 00.00, 19/5/2011.
EFCC told the high court that it was former bank manager with Oceanic Bank Plc, Mr Udusegbe Omoefe Eric, who it said conspired with the pension boss and a former Deputy Director, Pensions Finance and Account at the Office of the Head of Service, who it said was a signatory to pension accounts, Mrs Phina Ukamaka Chidi, to launder the sum of One billion, Nine hundred and Eighty Eight million, Three Hundred and Twelve Thousand Naira only, through fictitious companies and ghost pensioners, that brought the idea of using Bureau de-Change operators with a view to making it difficult for the fraud to be traced.
“Udusegbe Omoefe Eric confessed to have advised Dr Shaibu and Mrs Chidi to substitute the fictitious companies with some Bureau de-Change companies and remit payments from the OHCSF Pension Account to the Bureau de-Change companies’ account, who will give them dollars in exchange instead of the previous arrangement which was cumbersome.”
The other civil servant equally fingered in the fraud were an ex-Assistant Director in-charge of variation, Mr Mohammed Katun Ahmed, the cash officer of pensions accounts, Mr Garba Abdullahi Tahir and the Head Final Accounts at the OHCSF, Mr. Emmanuel Aderemi Olanipekun.

By Ikechukwu Nnochiri

Pandemonium as UI students protest epileptic power supply

Pandemonium this morning erupted at the Nigeria’s premier university – the University of Ibadan, as students took to the streets within the university to register their grievances and dissatisfaction over the epileptic power supply both from the PHCN and the university maintenance section.
...the protesting students

The protest led by the newly inducted Students’ Union Executives started around 7am resulting to the closure of the institution’s main gate and lecture halls.
The protesters also barricaded  the Sango-Ojoo road opposite the varsity main gate.
Motorists and other road users had to take alternative routes along Agbowo and Bodija road to their different destinations.
Meanwhile, anti-riot policemen and soldiers have been deployed outside the varsity main gate and on the Sango-Ojoo road to forestall any breakdown of law and order.

Okonjo-Iweala seeks World Bank’s support for data base on Nigeria’s poor

Washington DCDr Ngozi Okonjo-Iweala, the Coordinating Minister for the Economy, has solicited the World Bank’s support to create a good data base to help improve the social safety nets in Nigeria.
She spoke on Sunday at the on-going Spring Meeting of the World Bank and International Monetary Fund in Washington DC.
Okonjo-Iweala  said the social safety nets had helped many countries to reduce poverty and unemployment rates but noted that it could be achieved with effective data base.
“The very important thing for a successful social safety net is targeting, you must have the bases to be able to target those who need help.
“So, I insisted that we don’t have a data base to know who are the poor and what level of income in Nigeria.
“It is not enough to know that 50, 60 or 70 per cent of the population are poor; you need to have data on the poor households because they are the ones to come up and collect the safety net.’’
Okonjo-Iweala said that Brazil had proved successful on social safety net because of its comprehensive data base of the people, which helped in disbursing funds to the right people.
According to the finance minister, Nigeria has yet to get the perfect key to a successful social safety net.
“But we don’t have one that we can rely on and not every State has one. So, I am saying to the World Bank and we are not the only country, help us to build this data base.’’
She said that under the SURE programme, there would be a soft targeted programme that would give conditional cash grant to pregnant women.
Also, Dr Peter Obi, the Governor of Anambra State, said the World Bank in Nigeria had helped some States to build statistics in the country.
He said that some state governments had developed bureaux of statistics that had been backed by the law and properly domesticated.
“This is what the World Bank and other institutions are helping us to upgrade because without that, there’s no way you can work or plan.
“Some of the States, I know there are about two or three of us, Anambra and Cross River, that are working on it, following the World Bank plan.
Sanusi, Obi say FG must save for future
Malam Sanusi Lamido Sanusi, the CBN Governor, also reiterated the need to save in the Excess Crude Account (ECA) considering the unprecedented global economic challenges.
Sanusi made this call on Sunday while fielding questions from newsmen at the on-going Spring Meeting of the World Bank and the International Monetary Fund in Washington DC, U.S.
He said that with the savings in the ECA, government would be able to tackle many issues, if there was a downturn in oil price in the global market.
“Until we have these structural reforms in place, we need to protect ourselves ahead of the vulnerability of our economy to oil price.
“And, therefore, this enforces the need to save at the time when the oil prices are high because it fills dark clouds to translate into fall in oil price and we are going to have major problems.
“So, the whole idea of saying let us look at the ECA, let us save now while the prices are over 100 dollars, not because we have problems now but if something happens and something may happen given what we are seeing.’’
Sanusi noted that in case of drop in the price, the country might  have challenges on the fiscal side of the economy.
Contributing, Anambra State Governor Peter Obi, said that the issue of saving was imperative for an individual or country to survive.
He said that the idea of saving was to avoid any difficulty in managing the economy in case of any negative development in the oil price in the market.
“What we are saying is what Nigerians should take very seriously. What we are saying is that today the oil price is high, now that we have high oil price, lets save in case the price takes a U-turn tomorrow, so that we have something to fall on.’’
“The pressure from the Governors Forum is based on the constitution but that the constitution never said `don’t save’.
According to Obi, the constitution says that whatever we have should be shared among the three tiers of government.
“That means that even if you save, you are saving for the three tiers of government.’’ (NAN)

N1.1trn Subsidy Fund Scam: NNPC dares CBN, Reps; wants proof

LAGOS—Ahead of tomorrow’s commencement of debate on the report of the House of Representatives Ad-Hoc Committee on the utilization of petroleum subsidies, industry and political stakeholders were weekend separately upbeat and muted over alleged errors in  the recommendations.
The Nigerian National Petroleum Corporation, NNPC , yesterday, asked the committee to prove allegations of misdeed levelled against it,  even as it emerged that at least 17 of those companies indicted have resorted to go to court today to halt possible implementation of the recommendations. Chief Mike Ozekhome, SAN, who is lead lawyer to the companies told Vanguard yesterday that the companies would be filing court processes today to demand N100 billion for punitive damages.
Enthusiasm for the consideration of the report swelled at the weekend in the House of Representatives with members pledging to enforce the recommendations to be approved by the House. A member of the House ad-hoc committee Dr Ahmad Ali, cried out over what he claimed was a plan by those affected by the House report to destabilise the House leadership by instigating the impeachment of Speaker Aminu Tambuwal.
Reacting to the finding of the committee that the NNPC made double deductions in its subsidy claims, the corporation denied ever receiving any money in that regard since the inception of the Petroleum Support Fund, PSF.


Rather, the corporation said its subsidy claims were offset with accruable crude costs.
We made no such  withdrawals  — NNPC
The Group General Manager, Group Public Affairs Division of the Corporation, Dr. Levi Ajuonuma, in a statement yesterday,  said that contrary to the allegation contained in the report which accused NNPC of withdrawing from two different sources simultaneously to recover its subsidy claims, the Corporation at no time made such double withdrawals.
“Such a claim is totally unfounded and absurd. We challenge both the CBN and Ad Hoc Committee to provide evidence that such payments as alleged were made to NNPC.  They must show authorisation for the payments as well as breakdown of the amount, purpose for the payments, beneficiary accounts in which such payments were made and the utilisation of such payments, he said.
The NNPC Spokesman explained that rather than collecting such payments from CBN as alleged, the NNPC applied such subsidy approvals as credit due to the Corporation towards the cost of its domestic crude allocation.
“For the purposes of clarity, subsidy payment to NNPC is not based on Cash remittance. The mechanics of subsidy recovery by NNPC is not fund based but by way of deduction from crude cost due. As a matter of fact, from the commencement of the subsidy regime there was never a time when CBN paid any money to NNPC in respect of subsidy claim”.
Ajuonuma lamented that despite the fact that all the necessary documents and information  were given to the Probe Committee, they could still make this kind of unfounded allegation against the Corporation.
“For instance, NNPC presented to PPPRA approvals for 2011 totaling N981 billion out of which only N844.9billion has been credited to NNPC. But surprisingly, the Committee claimed that PPPRA approved only N504billion and that the balance was excess payment to NNPC .What logic”, he said.
In its general review of the report, the NNPC  accused the Committee of causing more confusion, saying that it seemed not to be sure of its action as its intention was really not to clarify the subsidy payments but more interested in maligning and damaging the reputation of the Corporation as well as other key players of the industry.
He also picked holes in the Committee’s query of the NNPC’s deduction of subsidy payment as a first line charge.
“The basis for the deduction of both cash calls for Joint Venture operations and NNPC’S subsidy payments as a first line charge on the income of the Federal Government is statutory and founded on the Appropriation Act which was passed by the National Assembly. Under the said Appropriation Act, certain budgetary items including subsidy payments to the NNPC are listed as first line charges on the income of the Federation,” he noted.
Continuing he stated thus: “The Committee accepted the Cash call as first line charge yet alleged that the subsidy aspect was illegal.
“It is clear that the tone of the Committee’s report is not only damaging to the Corporation but to the entire nation. At this stage, it is pertinent to ask the question, whose interest is this committee serving,” he quizzed.
In a similar twist, 17 companies indicted by the Lawan committee of abusing N41 billion in subsidy claims have protested their innocence. Some of the companies Vanguard learnt yesterday had secured the services of Chief Ozekhome to file their defence before the courts today.
Admitting his legal representation of some of the companies indicted by the House panel, Ozekhome told Vanguard yesterday that his taking the brief was not in any way contrary to his avowed opposition to corruption.
Indicted firms go to court
The companies that have gone to court based on the House report asking them to refund various amounts of subsidy payments include Mobil Oil Nigeria (N14.934b); Somerset Energy Services (N3.015b); AX Energy Limited (N1.471b);  CAH Resources Association Limited(N1.052b);  Crust Energy Limited(N1.192b); Fresh Synergy Oil Limited(N1.417b); Ibafon Oil Limited(N4.687b); Techno Oil(N1.036 b);Oil Bath(N1.019bn);Mut-Hass Petroleum Limited (N1.2bn); Stonebridge Oil Limited(N1.784b); Petrotrade(N1.471b); Lucky Energy(N1.7); Rocky Energy(N1.620b); Lottoj Oil(N1.427b);  Oakfield Synergy Network Limited(N988m); Prudent Energy and Services Limited(N1.360b); Nepal Oil and Gas Service(N2.353b)
The House report had indicted the companies mainly on the fact that they “refused to appear” before the committee and directed them to refund a total sum of N41 billion.
Sources close to the firms disclosed that the companies saw the report as a grave act of injustice on the fact that they were not invited to appear before they were found culpable.
But sources close to the lawyers of the affected companies confirmed that the oil companies have rejected the report, describing it as lacking fair hearing.
The Companies insisted that besides the fact that they were not invited to appear before the Committee, they were shocked to discover that the Committee went ahead to indict them without hearing from the affected companies.
Lead counsel to the firms, Chief Ozekhome told Vanguard that  though he agreed with the House on the need to combat corruption and ensure that those who stole money through subsidy were made to refund same and prosecuted, he would not subscribe to innocent oil marketers being punished without fair hearing.
According to him, the House of Representatives does not have the power to indict, prosecute and punish any oil marketer without being heard.
“Some marketers briefed me that they were roped in without being heard. They were not invited to testify, they were tried in absentia and convicted.
On the outcome of the probe generally, Ozekhome, who disclosed that he would litigate for at least two oil marketers said: “I have always said that there is something wrong with the handling of the fuel subsidy. I believe that those who stole our money should be made to refund the money. There is no reason to subsidise fuel to the tune of N2.5 trillion. It is obvious that the figures are cooked up. Let’s fight corruption. We cannot continue to subsidise corruption and criminality. I am agreeable with the House of Representatives to clean the Augean stable, get those who stole oil money to refund them and be prosecuted.”
The Manager, Public & Government Affairs of Mobil Oil Nigeria, Mr.Akin Fatunke, said that at no time was the company invited by the committee to appear before it.
“Mobil Oil Nigeria’s name was neither listed in the invitation published in national dailies by the committee on January 13, 2012 nor did it receive any letter of invitation to appear before the committee. The media reports suggesting that Mobil Oil Nigeria refused to appear before the committee because it ‘has something to hide’ are incorrect”.
We ‘re exonerated — Conoil

Also yesterday, Conoil Plc said that the report presented by the Lawan-led committee exonerated it from any misdeeds in the controversial subsidy payments regime.
Its name was erroneously listed amongst companies said to have illegally collected fuel subsidy, it emerged yesterday.
The authentic report submitted to the House by the Ad-hoc Committee on Wednesday, April 18 does not have the name of Conoil on the list.
Cabal moves against Speaker
Meanwhile, a member of the Lawan committee, Dr Ahmad Ali, yesterday alleged a gang-up by the firms and agencies indicted by the committee to instigate rebellion against the Tambuwal leadership of the House. Ahmad while assuring the citizenry of the determination of the House to forge ahead with an unimpeded consideration of the report vowed that the House would resist any such move.
“We have it on good authority that some of them have started mobilising against Tambuwal to impeach him because they have seen he didn’t disturb us throughout the probe.
“Remove Tambuwal or not, the House and Nigeria remain the same. Even Tambuwal is irremovable. You know he was not elected from outside. He is from inside”, Ahmad PDP, Ilorin East and Ilorin South federal constituency, Kwara State said at a press conference yesterday.
Ahmad also indicated that some top officials of the Federal Government were among those who benefited from the subsidy payments as he pledged that the committee would reveal them after the report is adopted.
“The oil business is like a secret society thing. If you don’t belong, you don’t belong. Oil industry is so small, but so powerful. I’m even surprised I haven’t started seeing advertorials here and there. They have lots of money and have nothing to do with it”.
Ahmad, who said the implementation of the report by the executive in the next three months would help to address the problem of pricing of petroleum products in the country, added that Nigerians should have a rest of mind on the issue.

By Emmanuel Aziken, Clara Nwachukwu, CLIFFORD NDUJIHE, aDEMOLA aKINYEMI, Yemi Adeoye & Mike Eboh

Normal is boring – Bouqui

She strikes you as weird because she craves to be different. Her hairstyle contributes to her strange look. Yet, she is one of the top Nigerian artistes.
On her debut, B.OU.Q.U.I as she’s more fondly called by fans and admirers, had made her intention clear. She’s on the Lord’s side.
Bouqui

Born Bukola Afolayan, the daughter of a Bio-Chemist professor and professor-teacher mother, the Obafemi Awolowo University graduate started out as a broadcaster with the Eko.FM, Lagos.
But today, she’s respected as one of the leading female rap artistes in the industry with many awards in the kitty.
Speaking with Hair & Style on her hair experience, Bouqui described her hair preference as dark, curly and short, stressing that she likes to wear her hair short. This is the reason why she wears her kind of hairstyle.
Asked how she came about her hairstyle, she explained that her hairstyle was created by her hairstylist who understands her adventurous nature.
According to the rapper, she washes her hair regularly and avoids too much heat and over-relaxing on her hair.
On why she wears her hair low, she said “I like to stand out. Wearing the usual hairstyle is boring.” for her, moods don’t dictate the kind of hairstyles she wears, rather, she prefers to wear hairstyles that are in vogue.
Bouqui further said she prefers the very first hairstyle with the touch of red in front and low cut at the back because it’s cool.
Because any hairstyle that rocks goes for her, she wouldn’t tag any hairstyle as bad.
But she affirms that, “it’s time to put away childish things. Crazy hairstyles with crazy colours don’t appeal to me anymore. But heck, don’t take my words too seriously because I might decide to go back to my old ways ” she said with a ting of mischief.

Haircare tips
Our hair grows about 1/4 to 1/2 inch every month, it should at least have a haircut every five to six weeks to avoid split ends. Split ends
–A medium length haircut will give width to tall women while small-thin women can have various hair except for a long hair that will highlight the height.
–Use wide-toothed comb after shampooing your hair when it is still wet to separate the tangles. According to the study conducted by Jean-Baptiste Masson, from the Laboratory for Optics and Biosciences of the Ecole Polytechnique in France, curly hair gets less tangled than straight hair.  Avoid using metal combs on your hair which can cause hair tear.
Do not over comb your hair, if you have a dry hair it will lose its natural oils while it over-activates the oil glands for oily hair.
–Swimming, over-shampooing, hair colorings, electric curlers,excessive blow-drying, and too much exposure to wind and sun are causes of common hair abuse that can lead to dry damage hair. A warm coconut oil thrice a week and almond oil works on dry hair.
–Regular hair conditioning helps the hair to be smooth and healthy.
–Invest in a good shampoo and use a product according to your type of hair. When shampooing, use your fingertips to scrub your scalp and make sure your rinse your hair thoroughly especially for oil hair.
–Beer and milk-less tea are excellent hair rinse to give body to hair.
–Give your head and scalp a massage for relaxation, it promotes blood circulation.
–One of the common scalp problem is dandruff which is frequently caused by an overly oily scalp. Treat dandruff immediately so as not to build up flakes that causes itching. Be careful to excessive scratching, it can wound the scalp and be prone to infection. Use a non-medicated mild shampoo to control the problem with an equal amount of distilled water to control the oil without aggravating the scalp. If the problem persist, use a dandruff shampoo with selenium sulfide or zinc pyrithione.
–Eat a well-balanced diet with foods for a healthier hair such as lots of protein, fresh fruits, salmon, dark green vegetables, beans, nuts,whole grains, oysters,low fat diary products, and carrots. The nutrition coming from food will generate a healthier cells that the body needs including our hair.