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Saturday, June 2, 2012

Mimiko disburses N83m loan to Ondo farmers

The Ondo Government has disbursed the sum of N83, 683,120.00 as loans to farmers in the state under the National Programme for Food Security (NPFS) for the execution of various agricultural activities.

The State Governor, Dr Olusegun Mimiko made the disbursement during the inauguration of Growth Enhancement Support (GES) and the annual flag-off of planting season in Ile-Oluji yesterday.

The governor who was represented by his deputy, Alhaji Ali Olanusi at the event said the occasion was unique as it marked the inauguration of the state committee on the Agricultural Transformation Agenda (ATA).

Mimiko said agriculture being the major activity of the people and another source of internal revenue generation for the state, has remained the centre piece of his administration’s strategy towards wealth creation, employment generation, economic prosperity and sustainable development.

He stressed that his administration has within the last three years committed over N5.5billion to the development of agriculture in the state.

He further stated that the government has established four Agro-Business Cities at Ore, Epe, Isuada and Auga purposely to train young graduates in agricultural business.

The programme is centered on the development of “participant-ownership scheme” targeted at employing over 15,000 graduates within the next five years, stressing that the state has a total of 76 tractors while efforts are on to train youths in handling and maintenance of the tractors, he said.

Aviation facility concession: Road map for aviation sector



MMA2
THE increase in the number of planes, coupled with more foreign and domestic flights, has put immense pressure on the hard-pressed aviation infrastructure in Nigeria.

The development of any infrastructure projects usually requires large investments and it is not always possible to meet these investment requirements only from the budgetary resources of the government.

Traffic is growing in all regions creating need for more infrastructure or modernisation.

Many African countries have infrastructure dating back to independence and capacity have long become insufficient.

In almost all corners of the continent countries are looking into modernising their airports.

Most developed and developing economies face similar challenges- rapidly growing demand for roads, power and telecommunications, but there is significantly insufficient public funds.

With a population of about 150 million people, Nigeria has the potential to develop its air transport facilities.

In 2003, the Federal Government decided to engage private sector to develop aviation in Nigeria under the public private partnership (PPP). The modern Murtala Muhammed Airport 2 was used, as a pilot project to test how successful the project would be.

It would be recalled that in the early hours of May 10, 2000, the domestic airport of the Murtala Muhammed Airport went into flames and all efforts by fire fighters to save the airport from the wide scale destruction proved abortive.

Thankfully, no life was lost in the incident. The domestic terminal had been built in the pre-independent era and before the construction of the international terminal to cater for both international and regional flights.

Following the inferno, the Federal Government made a decision to redevelop the Airport using private sector investment under a public-private partnership scheme.

The plan completely transferred all development and operating risks to the private sector specifically on a build-operate-transfer arrangement.

Bi-Courtney Limited, the parent company of Bi-Courtney Aviation Services Limited, was in 2003 awarded the concession by the Federal Government of Nigeria to design, build and operate the Murtala Muhammed Airport, Lagos domestic terminal and ancillary facilities on a land area of 20,000m2.

The project comprised an airport terminal building, a multi-storey car park and an apron. Bi-Courtney Limited set out to work promptly with the goal of building a world- class airport terminal that will be the pride of Nigerians and promote Lagos as a major hub in Africa.

However, the journey to realising MMA2 as a modern airport facility was not without its challenges primarily in the area of financial support, given the fact that build, operate and transfer financing for such a huge project with a long term repayment plan was not very fashionable in Nigeria.

Despite the absence of financial support, the firm remained undeterred. The company proceeded with the project and interestingly expanded its scope to build a terminal that eventually exceeded the expectations of the Federal Government.

After an initial cost of over N15 billion, by March 2007, six banks arranged N20 billion part financing for the completion of MMA Terminal 2.Presently, MMA2 is the first built, operate and transfer project of its magnitude in the area of infrastructure development, which was completed successfully by a Nigerian company.

Stakeholders have called on government to revert to the PPP model to modernise many of the country’s decaying airports, arguing that the remodeling of airports was a waste of fund at a time countries are freeing themselves from investing in airport infrastructure by partnering with private sector.

The government seemed to have abandoned the policy for curious reasons and is now partnering with an unknown Chinese firm to build about four international airport terminals, which bid and due process are shrouded in secrecy.

The Ministry of Aviation may have covertly reached an agreement with China’s investors to build four airports in Lagos, Abuja, Kano, and Port Harcourt.

Speaking at the occasion to mark the fifth anniversary of the MMA2 terminal, Chairman, Bi-Courtney, Dr. Wale Babalakin said that the country’s infrastructure would remain the same unless the Federal Government brought in private sector to rescue her.

Stating that the government did not have the funds to replace decrepit infrastructure, particularly in the aviation industry, Babalakin said that the solution was embracing (PPP).

Nigeria’s infrastructure deficit has been put at over three trillion Naira and government’s resources are not enough to cater for them in the face of competing demands.

According to him: “The failure of PPP in Nigeria can be put to ignorance. We all pay lip service to the content of PPP, but very few people are knowledgeable about it.

“Greater knowledge would make it easier and we should ensure that those who are involved in the process are not only knowledgeable, but believe in it. Because of its long-term nature, because of its physical terrain, it is not the easiest option. Most people would like an easier option which is contract award but the nation cannot sustain contract award, we don’t even have enough money to build one tenth of our infrastructure.”

He accused the Federal Airports Authority of Nigeria (FAAN) of flouting concession agreement they signed before the firm embarked on the N35 billion project.

He disclosed that the project was not yielding expected revenue attributing it to flouting of the most important agreement of the concession deal supporting the building of the edifice which he stated had not been followed to the letter.

Babalakin, who further disclosed that the sum of N12 billion had been pumped into the project by the operators, apart from the original N35 billion sourced from banks to initially erect the terminal, noted that the terminal was originally designed to process four million passengers, while government approved N3, 000 as passenger service charge.

He stated that he was shocked when the same government reneged and blocked the operator from implementing the content of the approval to charge N3, 000, but stated that the firm had continued to charge N1, 000.

The situation, he said, had impacted on the finances of the company, adding that while the agreement states that all domestic operations would emanate from the MMA2, the reverse was the case as many operators were operating outside of the terminal.

“The MMA2 is supposed to house all the domestic operations, if there is need for expansion, the agreement provides for that. In fact, there is a lot of confusion between the role of concessionaire and contractors, the industry must stand by documents and agreements, that is what will move it forward.

“It is only by involving the private sector that this nation would go on the right path. For this to be encouraged, we have been on this for four to five years now. We know the beating we have taken, but we know that going forward would find succor. Nigerians must learn a lot about of PPP and when they learn about it, we will change sincerely and with that a great nation is in the offing,” he added.

Babalakin, who also disclosed that the banks which financed the terminal had jointly written a letter to the Ministry of Finance, expressing their grievance that the terminal was not making expected profits said, ‘this is a tough terrain where we had to deal with nine ministers, we are not critical with any government but agreements must be implemented.”

BY WOLE SHADARE

Married, But Living Single set for premiere


Married
 MARRIED, but Living Single, whose core message centres on family values and the effects of foreign culture on African societies, is set for world premiere next Sunday, June 3.

Produced by Mr. Kalejaiye Adeboye Paul (KAP), principal partner of Indelible Mark Media and directed by Tunde Olaoye, the film has been classified fit to be watched by people of all age group.
The movie will premiere at the Silverbird Galleria.

According to a statement issued by NEECEE Entertainment, publicist to the project, the red carpet starts by 5pm while the movie starts showing by 6pm.
The much awaited movie will be opened to Silverbird ( Lagos, Abuja and Port Harcourt), City mall, Genesis Deluxe and Ozone Cinemas from June 5.

The movie is distributed for cinemas by Blue Pictures. Tickets to the movie premiere are available for sale at the cost of N20,000 while a pack of six tickets is also available for N100,000.
The movie parades acts such as Funke Akindele, Joseph Benjamin, Joke Silva, Tina Mba, Kalejaiye Adeboye Paul (KAP), Femi Brainard and Kiki Omeli.

The movie’s website is www.marriedbutlivingsinglemovie.com while fans can upload their profile and get more information about the movie and its cinema schedules by liking the Facebook page www.facebook/marriedbutlivingsingle
KAP said, “it is a film of all ages because it portrays the family, talks about neglect of the homefront and battery. Apart from all this, the film also lays emphasis on the need for the society to go back to it basics.

“I say the basics because the ills of the society is rooted in the family upbringing, how we bring up our children and youths, what time do we have for our homes and how well do we cater for our homes.”

The 51 years old producer and former lecturer at the Lagos State Polytechnic, said: “The film brings to our memory the collapse of family values while reminding us of how the African society was at the beginning, and how it has lost its values. It also showcase the influence of western culture, colonisation, and the effect of other cultures on the African society and our taste for foreign lifestyle.”

New tariff or stable electricity: Which one comes first?

The Nigerian people, accustomed to life with frequent interrupted power supply at homes and business places, except those few having private generators, are suddenly to pay more for electricity as a new tariff regime comes into effect on June 1, 2012.

Newly established Nigerian Electricity Regulatory Commission (NERC), an independent statutory body charged with the “responsibility of ensuring the provision of safe, adequate, reliable and affordable electricity,” is introducing a Multi-Year-Tariff-Order (MYTO) in addition to energy conservation strategies to reduce financial burden on electricity consumers. Also a Power Consumer Assistance Fund aimed at protecting the low income earners – something like subsidy will be put in place.
President Goodluck Jonathan
NERC is to monitor the electricity industry, ensure steady power supply, efficiency, no longer dependence on generating sets, meters will be provided free but with minimum costs to consumers.

Dr. Sam Amadi, Chairman, Nigerian Electricity Regulatory Commission, has insisted that the situation can’t be the same again as it was in the past when people were virtually living in darkness. Now for the NERC, it is “keeping the lights on.” But how far can this new dispensation go, considering the huge challenges and constraints to be contained in the realisation of this new project.

Amadi appeared recently on a Ray Power Radio programme called “Political Platform” to explain this latest development in the electricity industry to listeners across the country in a session with seasoned journalists anchoring the programme. Saturday Vanguard monitored the interaction and the NERC chairman’s response to the questions raised about the new order.

On why there is need to raise tariff

It’s about tariff that will cover costs, ensure private sector investment in the generation, distribution and transmission of electric power to Nigerians. It’s about providing light to Nigerians in the heart of darkness. No darkness anymore.

Should we first have tariff before light or have light before tariff – which one should come first? Put it like this: Do you go to a restaurant, pay the cost of food already fixed without seeing the food itself whether it will be palatable or not?

Both the tariff and light go hand in hand. If you cook a good soup which costs money to prepare, the price can be fixed already because you’re sure the soup will be sweet and the person paying will have value for his money. It takes time to make a good soup.

Also electricity takes time to generate. Investment will be made. The cost today is less than what ever in future and services. N50 billion is provided as subsidy in this year. But it’s unlike fuel subsidy that is shared by oil marketers.

For instance, if the consumer is to pay N10 per kilowatt hour, will now pay N4. Instead of paying about N21 per kilowatt hour, will pay N11. There are different classes of consumers paying different rates of tariffs for their electricity.

What about providing free meters?

Free meters won’t be provided before June 1st. About 18 months needed to have the meters. It’s free because no upfront tariff has captured payment of meters. Payment has been factored into the cost.

Some consumers who went to PHCN and the company demanded for N30,000 for new meters. Can this be correct?
If they (PHCN) asked for money from consumers for the new meters, I cannot say. But before June 1st, we will publish the connection fee. After that, consumers can call NERC for enquiries. It is a criminal offence to charge what was not approved. Industrialists will be paying more. Let there be more light. If supply is boosted, it will drive down the cost of energy.

How can energy cost be saved?

Cost can be saved by proper metering, energy efficient bulb, putting off your light when not needed, open your windows for energy (light) to come in. Metering will solve this aspect of cost.

About those people who have paid already for the new meters?

It’s a new dawn, that has passed away. Let’s forgive. The past is gone. (Nothing can be done about that).

His last message

For many years, it had not been good, consumers of electricity were in darkness. But things can be better. Let us oppose corruption, and fight to make the system work. I won’t tell lies to the people.

Meanwhile, from all indications, Dr. Sam Amadi wants the co-operation of all Nigerians to make the new tariff regime work and liberate the nation from perpetual darkness which inadequate, ineffective, inefficient electric power system has caused. There is need for more private investment in building more power stations for consumers to have choices. The common people will pay less for electricity while the rich and big companies pay more. Let us wait and see.

Smooth and uninterrupted power supply has been identified as key to successful industrialisation of the country. The cost of doing business and manufacturing is becoming increasingly prohibitive and unbearable.

Many small and even medium scale enterprises cannot thrive in a nation plagued by persistent power failure. Generating sets are constantly on in several business premises with billions of naira expended on diesel fuel to run them. Public power system is turned into “standby,” while generators are running almost permanently.

With the new order in which electric power supply can be guaranteed, unemployment will be curtailed significantly as artisans, vulcanizers, battery charging, beauty/hair saloons, dry cleaning, tailoring, bakeries, shoe making, fish processing and other small businesses will get the much needed boost.

By Emmanuel Edukugho

Odochi … Keeping fate with the less-privileged, widows


Orji-2
THE first time I had an encounter with the wife of Abia State governor, Chief Odochi Orji, was in 2010, she spoke passionately about the poor, especially the widows. Besides, all round the state, there were stories of how she had been touching lives through her Family Empowerment Programme (FEP) project, targeted at brining succour to the less privileged.

Donating food items, drugs, wheel chairs and clutches to the physically challenged is said to have become a way of life for the governor’s wife.

Meeting her, Odochi hinted about her plans to build homes for some widows and the less privileged people in the state, as well as complete work at the skills acquisition centre in Umuahia, where youths, who could not advance their education, would be trained in vocational skills.

The initiative sounded pleasant, but in this part of the country, where politicians, including their wives, hardly keep their promises, I wished her well, though my mind was full of doubts.

Recently, a national daily published a story about widows in Umuahia, who got houses from the Abia State governor’s wife. My mind immediately flashed back to the promise made by Odochi in 2010. Could this be true? I asked myself.

Well, in this present day, when people with money could buy space and airtime in the media to hype invisible projects, one needs to conduct some checks concerning the project. Through my contact in Umuahia, who ended up as my guide, an arrangement was made. As early as 8am that day, we set out on a mission to see the houses and possibly speak with the recipients.

LOCATING Madam Juliana Ogbuokiri’s home in Ngboko, Ndume, Umuahia, was an uphill task; we wandered for nearly an hour before we got a clue. The old woman sat by the pavement clutching her walking stick, watching as the vehicle made a final stop in front of her new home.
Initially, there was a sort of anxiety from family members. I quickly made my intentions known, with proper identification and the 90-year-old widow was more than willing to share her ordeal before a proper roof was finally put over her head.

Madam Ogbuokiri, who spoke in a typical Umuahia dialect, was full of praise for Mrs. Orji, whom she described as Godsend.

“My heart is filled with joy and I thank God for this house,” she said, lifting her hands to the sky. “I’ve been sick all this while; I could only walk with the aid of this walking stick. If I had money, I would have gone for treatment. If anybody had told me that I would own a house today, I won’t have believed it. If you move around our neighbourhood, people are happy for me because they know what I was going through,” she said.

The old woman paused as if gathering strength, then she continued: “I was living in an old building with leaking roofs here, before this house was built. I thank God for using Odochi to help me. Please, when you see her, tell her to please send me money for buying food and treatment,” she pleaded.

From Ngboko, we rolled to Umuolu, Ndume to meet with Mrs. Kate Otuoyne, who also got the house gift. Unlike our first experience, locating Mrs. Otuonye’s house was easy; this time, we got a man who knows the way.

“Ego bekee,” the man called. Few seconds, Madam Kate, who is in her mid 50s, appeared from the backyard, beaming with smiles.

“My brother, I have a house now; the governor’s wife built it for me. I’m a widow; I don’t have people to look after me. Before now, we lived in that hut,” she said, pointing at a makeshift building nearby. “I thank God for touching the heart of Odochi Orji to put a roof on our head,” she said in Igbo.

From Ndume, we headed for Umundere, Ibeku where we met Oluchi Abraham, another recipient. A jovial woman, Madam Oluchi’s joy knew no bounds, as she conducted us round the well-furnished apartment alongside some of her children, who seem to be having a swell time in their new home.

“The day I was told that the governor’s wife has decided to build a house for me on my late husband’s land, I nearly fainted out of joy,” she informed. “Three days after I showed them the land, the whole place was cleared and within a few weeks, the house was ready; and we are in it today.”

Before she moved into the new building, Oluchi and her family lived in a rented apartment after the death of her husband, but were forced to quit when paying rent became a problem.

“As a widow, I struggled to train my children and pay for the rent. Along the line, it became difficult to carry the rent. My husband didn’t build a house before he died, so, we had to move from one place to another. Today, my heart is like saccharin because I didn’t expect this to happen in my lifetime. She (Odochi) built the house and furnished it; we only moved in with our bags. May God protect her family,” she prayed.

She added, this time quoting from the Bible to back her payers: “I want to thank the governor for supporting his wife to build a house for a widow like me. Anytime the presidency of the country gets back to the Igbo, my prayer is Chief Theodore Orji would get it,” she harped excitedly, as if the power to choose a president lies in her hands.

As we were thinking of retiring for the day, my guide suggested we take a trip to Nkporo Village to see a visually impaired man, who also got a house from the governor’s wife, but warned it was going to be a long journey, about an hour 30 minutes’ drive from the town. Since we were already on it, I gladly accepted to continue with what turned into a sort of local tourism. With a cooler of chilled drinks and water in the booth, we were on the go.

IN DEED, the journey was tedious; we missed our way several times, no thanks to some of the villagers, who confused us the more by sending us in the wrong directions. Finally, we found ourselves in Mr. Eze’s compound, a blind man, who lives in Aba with his family. As it turned out, the contractor was putting finishing touches to the three-bedroom apartment when we arrived.

For Mr. Eze, his joy knew no limits. Though visually impaired, he knows his way around the house, as he moves from one room to another, continuously speaking with his wife on phone.

“I still can’t believe I have my own house today. As you can see, I lost my sight; I went for an operation when the eye was damaged. Since then, life has not been easy for my family and myself. But I thank God that Mrs. Odochi Orji remembered me. May God always remember her and her family,” he prayed.

On our way back to Umuahia, we stopped briefly at the Ultra Modern Skills Acquisition Centre, where young Abia state natives were being trained in different vocations. But as the sun gradually began to set, we retired; everyone was exhausted.

As I tuned to the BCA TV (Broadcasting Corporation of Abia), there was a report on a three-day free screening and treatment of non-communicable diseases going on in the state. According to the presenter, the programme, which kicked off at the Amachara Specialist Hospital, Umuahia, was an initiative from the office of the state governor’s wife, in partnership with the state Ministry of Health and a United States-based Imaging Consultants headed by Mr. Chima Chukwu.

Based on the report, about 10,0000 persons were expected to benefit from the exercise that went round the three senatorial districts of the state (Abia Central, Abia South and Abia North).

THE next morning, I made effort to speak with Odochi Orji, who offered to squeeze out time from her busy schedule for a brief chat.

From the front building to the passage, down to her meeting room, the place was filled with cartons of noodles, tissue papers, foodstuffs and all sorts of provisions. In my mind, I wondered what those items were doing there, and then I voiced it out, as we sat face to face.

“We intend to share them to the poor; some of them we bought, others were donated. My brother, we have to do the little we could and leave the rest to God. When you take out time to visit these poor people and see the level of suffering among them, you would cry out your eyeballs. But crying will not solve the problem; little gifts such as these can change lives,” she explained.

I reminded Her Excellency about our first meeting and all her promises to the less privileged, before revealing my fact-finding mission.

“Oh, you doubted me before,” she said, surprise boldly written on her face. “And you had the strength and time to go round,” she quizzed rhetorically.

“Well, the biggest thing you can give to a human being is shelter; when you have a roof over your head, other things follow,” she retorted. “I built those houses for the widows and less privileged because of my passion for the downtrodden. You know that in this part of the country, widows and the blind suffer a lot.”

While reeling out names of other beneficiaries in the housing project, Odochi recalled the encounter that spurred her into taking up the initiative.

“There was this promising boy who died in a motor accident and I was in the family for the burial. Suddenly, I looked around and saw this old woman under tarpaulin with children; one part of it was open and the other part closed. I asked people if she’s all right and I was told she’s a widow and had nowhere to stay.”

With those words, tears rolled down Odochi’s chic. “I started crying; people actually thought I was crying for the dead boy, but I was crying for the old woman and her condition. So, when we left, I told my team we must put a roof over the old woman and her family,” she recalled.

Though a blind man and a blind woman were the first beneficiaries in the housing project, it appears the initiative is geared toward widows, especially the old.

“Most times, you discover that widows suffer a lot after the demise of their husbands; some of them even lose their properties to their husbands’ people. So, for widows, life could be very difficult. In fact, let me tell you, if you suffered in your life and end up becoming somebody, you must realise you started somewhere. Whenever I see these indigent kids and the less-privileged, it really affects me.”

According to Mrs. Orji, the aim of the initiative is to put smiles on the faces of these people and possibly help them live longer.

“For instance, one of those women you spoke with was mentally ill; she lived in a makeshift house with leaking roofs. I started by sending food and money to her; sometimes you give her money, the next minute, she won’t even know where she kept it.

“So, along the line, we decided to include her among people to get a house. We are not stopping here, others are still coming, but we are taking things one after the other depending on the case we have,” she said.

ON the free medical treatment, Odochi informed that the initiative was a continuation of a series of public private health initiatives embarked upon by the state government in line with its commitment to optimal health policy of ensuring good health for all Abia residents.

“The campaign is with one of our brothers in the Diaspora. He has been sending us hypertension drugs and kits for testing sugar level. I’ve been keeping them; so, now that he visited the country, we decided to organise a free medical treatment, where we gave out drugs and conducted free test and treatments.

“Last week, we had a programme on HIV/AIDS Awareness campaign. In all we are doing, we ensure people get treated free; this is the only way we can touch the lives of our people, especially the poor, who might not be able to afford the treatment.”

As for the Skills Acquisition Centre, Umuahia, Madam Odochi informed that the second batch of students would soon commence training.

“The first batch of about 250 students is waiting for graduation and we are already getting set for the second batch. It will interest you to know that all the 17 local government councils in the state have skills acquisition centres. So, when I’m talking about skills acquisition centres, I’m talking of a fully equipped facility. No matter your location in the state, you can access one of the centres. This is our own little way of alleviating poverty and curbing unemployment.”

To the governor’s wife, public office holders must seek to touch the lives of the people positively.

“If anybody is moving to any office, you must have something in mind you want to actualise before leaving. Before we came into office, I had this skills acquisition project in mind. You need to search the mind of your people and know exactly what they want; something that will benefit them,” she said.

BY CHUKS NWANNE

Edo Guber Race: Osunbor’s ex COS joins Oshiomhole

AHEAD of July 14 governorship election in Edo state, the former Chief of Staff to Prof.Osarhiemen Osunbor led administration in the state, Mr Isaiah Osifo, yesterday, defected to the Action Congress of Nigeria (ACN) with his supporters.

He said after assessing the three governorship candidates in the race, Oshiomhole, Gen.Charles Airhiavbere (PDP) and Chief Solomon Edebiri (ANPP), he found out that Oshiomhole had in a very short period shocked the people of the state with his developmental strides “and he listens like a true democrat more than others”.

It would be recalled that Osifo who was a senatorial aspirant under the PDP in 2007 National Assembly election, dumped the PDP after he accused the leadership of the party of manipulating the primaries.

It would be recalled also that the crisis that rocked the PDP during the administration of Prof.Osunbor started when Osifo led the assault that stopped the loyalists of the former Chairman Board of Trustees of the PDP, Chief Tony Anenih from hijacking the state machinery of the party. That eventually led to the factionalization of the PDP in the state.

He later joined the Labour Party but disclosed that he had to join Oshiomhole who he said has the same vision for the people of the state like his former boss, Prof.Osunbor.

By SIMON EBEGBULEM, Benin

Italy Considers Quitting Euro 2012 Over Match-Fixing Scandal



Prandelli
ITALY coach, Cesare Prandelli, has claimed he would have ‘no problem’ if his team was withdrawn from Euro 2012 as the national game suffers another match-fixing crisis.

A wide-ranging police investigation into corruption led to 19 arrests being made on Monday, including Lazio captain, Stefano Mauri, while Zenit St Petersburg defender, Domenico Criscito, was dropped from Prandelli’s squad after being questioned at the national team’s training headquarters.

Italian Prime Minister, Mario Monti, has suggested the game would benefit from being suspended for ‘two to three years’ to root out the problem, and Prandelli has said it would be fine by him if he were told not to take his team to Poland and Ukraine.

“If you told us that for the good of football we should not participate, it wouldn’t be a problem for me,” Prandelli told RaiSport. “There are things that I believe are more important.”

Prandelli was speaking after the lawyer of Gianluigi Buffon spoke out to reject claims regarding the Juventus goalkeeper, who is not under investigation by the police.

Prandelli added: “I dislike crusades. I prefer to face up to things and not take positions without considering the consequences. I would rather only talk about football, but events are conspiring against this.”

Buffon’s lawyer, Marco Valerio Corini, went on SkyTG24 television to distance his client from the ongoing investigation.

“There is nothing which could even carry the faintest suggestion of a connection between Gianluigi Buffon and any betting activity that would concern him in any irregularity either with respect to federation rules or criminal law,” he said.

“There is not the slightest foundation for any suggestion that this is connected with a bet.’

Prandelli admitted he did not know what effect the matter could have on his goalkeeper.

“We keep on saying those players caught up in the investigation will not be going to Euro 2012,” he said.

The Guardian Nigeria Sports

Colourful rain feet



Rain-shoes
THE rains are here again and fashion creators have upped their creativity by providing new trends to go with the season. And trust ladies, who would stop at nothing to look good!

To flaunt their beauties, despite the mud and wet grounds, ladies have resorted to using colourful waterproof head ties and plastic/rubber foot wears.

Though these wears are not new, this season witnessed the introduction of pretty rubber slippers, pumps and sandals that could be used as alternatives to leather footwears.

Coming in different designs and shapes, these footwears are flexible, comfortable and fit any dress.

Aside from being cheap and colourful, they add style to ones look and can be worn during the dry season.

Gimme Tiger prawns… I would make you a well-cut garment


Gimme
Jane Ole, a native of Abia State, is one of Nigeria’s celebrity fashion designers who do not make songs and dances of their success. The third of her parents’ six children — four boys and two girls — the Founder/Creative Director of ElizabethWaldorf attended Chrisland Primary School, Opebi, and Queen's College Yaba, Lagos, for her primary and secondary school education before proceeding to the University of Lagos for a degree in Microbiology. Her 360 degrees label is sub-divided into four — Le Petite ElizabethWaldorf, luxury couture for 0-21years;ElizabethWaldorf 21, fashion for the elegant young woman; ElizabethWaldorf Limited Edition, the ultra deluxe collection, and ElizabethWaldorf Africa, luxury expression of fashion with fabrics from all over Africa. The lady, who has had working stints with reputable companies such as the Nigerian Breweries Plc, Ecobank Nigeria, Zoom Mobile Telecoms and BankPHB shares with DANIEL ANAZIA, her style secrets and beauty routine.
What was growing up like for you?
It was fun and memorable. My father was brought up in the UK, so, we had to go everywhere with him. This exposed us to a high profile lifestyle, high class and exquisite taste.
Your definition of fashion
It is a wearable art. It refers to current trends and what the fashion industry presents to you four times a year.

Style uniqueness
I love being classy and elegant in whatever I wear. I love clean lines and well-cut structured garments.

Favourite colour
Hmmm… This is a hard one because I'm a fashion designer; I hate to discriminate, but I love black and red almost equally.
Favourite designer(s)
Yemi Osunkoya (Kosibah) for Nigeria, and abroad, there’s a long list, but today, I'd go with the late Alexander McQueen; he knew the art of fashion.
Favourite piece of clothing
My Elizabeth Waldorf structured floral print summer frock and my floor-length shouldered floor on tulle dress from A/W2012.

What would you not be caught wearing, any day?
Grunge boots!

What is fashion faux pax for you?
Mini skirt on a full-bodied woman.

How often do you improve on your wardrobe?
I clean out my closet often; literally, I give out things I haven't worn in six months. I buy quality pieces that can work for a lot of looks.
Most expensive item ever bought
Wow…I better not say.

What is your must have for the month?
Louboutin Piaget stilettoes.

Body care and grooming habits
I never sleep with make up! I wash, cleanse, tone and moisturise. Every morning, I use Neutrogena oil free acne wash or Demalogica special cleansing gel. For my body, I use Sebamed soap with Juliada ginger bread cookie scrub; it really gives my body the much-needed glow in the sun. I floss after meals and always have a hand sanitizer in my purse. The spa is my favourite place.
Favourite signature scents
Since I create my signature scent by mixing three amazing fragrances, I'd have to go with Idole D'Armani. I love it because it creates a power aura.
Favourite food
I’m a seafood Junkie! Gimme Tiger prawns and I would make you a well-cut structured garment.

Turn on
My Elizabeth Waldorf frocks, Michael Kors gold watch prawns, stilettos, my iPad, and my puppy, Bella!

Turn off
I detest dishonest people and chaos.

What would you consider sexy in both men and women?
For the men, well dressed and the women, hot legs.

Craziest thing ever done in life
Creating the ElizabethWaldorf luxury brand.

Choice travel/holiday destination
Definitely Paris; I do want to go to Rome. But Paris, as a city, inspires me.

Philosophy of life
With grace, passion and determination anything is achievable.

What would you like to change in Nigeria, if given the opportunity?
Provide power! I'm sure most entrepreneurs will be pleased with me.

DANIEL ANAZIA

Isner replicates Wimbledon feat. Well, almost



Mathieu
… As conquerors of Williams sisters exit tourney

MARATHON specialist, six feet 10 inches tall John Isner of the United States, seeded tenth, rekindled the events of HIS historic second round match against Frenchman Nicolas Mahut at the 2010 edition of Wimbledon, which he finally won with the abnormal scoreline of 6-4, 3-6, 6-7 (7-9), 7-6 (7-3), 70-68, in a bruising marathon encounter which took 11 hours and five minutes to finish, spread over three days.

In Ladies Singles action, the two women who had been responsible for the rather early departure from Paris of the famous Williams sisters (Venus and Serena), were both quickly brought down to earth in the next hurdle.

First, it was Frenchwoman Viriginie Razzano (Serena’s conqueror) who went down 6-3, 7-6 to Dutch player, Arantxa Rus. Yesterday, in the biggest upset of the tournament so far, Russia’s Svetlana Kuznetsova made very easy work of disposing of third seeded Agnieszka Radwanska of Poland (Venus’s conqueror) 6-1, 6-2 to advance to the last 16.

Czech-turned American Martina Navratilova, arguably the greatest female player ever to wield a tennis racquet, in her reaction to that historic marathon match, while describing it as “insane,” also said she was sure “such would never happen on the tennis court ever again.”

Well, it almost happened again in Thursday’s third round match at the ongoing French Open, when the same big-serving, big-hitting Isner was engaged in another slugfest against another Frenchman, wild card entrant Paul-Henri Mathieu, which went the full five sets and lasted all of five hours and 41 minutes.

It was a new French Open record for most matches played in a match, 76 games. It was also the second longest match in French Open history, while it was also the fourth longest Grand Slam match in history.

This time however, Isner was on the short end of the latest marathon, as the rejuvenated Frenchman, Mathieu won the match 6-7, 6-4, 6-4, 3-6, 18-16, with the final set alone lasting two hours and 28 minutes, which normally is enough time to complete many an entire male best-of-five-sets match.

Ironically, many in the showpiece Court Suzzane Lenglen did not see the ultimate drama coming, even if the partisan but civilized capacity crowd was enjoying the many long and testy rallies and were elated that their man led by two sets to one after exactly two hours and 42 minutes of play.

In the fourth set however, the fans’ noise quietened when the American, truly a form player leading to the tournament, broke early in the set, and went on to win the set to level things at two sets apiece, after holding his serve easily in exactly 60 seconds, and the set in only 31 minutes, complete with 11 aces and 16 winners.

In the fifth and deciding set, the rallies even became longer, but while it had taken Mathieu nine minutes to hold serve for a 1-0 lead, it took Isner a lot less, actually 90 seconds, with the delilvery of his 30th ace, and a game – ending crushing service winner down the T. By the time Mathieu held serve for a 2-1 lead, the two had been playing for three hours and 29 minutes.

It was no time for decorum when the burly American threw in a double-fault, as the crowd unsportingly went into a loud applause. But Isner was unperturbed as he won the next four points to level up at 2-2.

The two thereafter continued to hold serve, with the American’s bigger serves, which were averagely time at 207 kph to his opponent’s 176 kph, giving him a slight edge. But the pressure was always on the American who always had to play catch-up because his opponent served first in the set. With his 31st ace, it was level again at 3-3.

The trend continued, and the atmosphere from the stands had become a Davis Cup-type scenario, with songs, choruses, and Mexican waves in between play or change of ends.

Suddenly, a tiring Isner was down 0-40 on his serve, but the Frenchman could not convert any of his three breakpoints, as the American served his way out of trouble to make it 11-11. Credit to him, the Frenchman, also tiring, just went on with the job instead of ruing his missed chance in that 22nd game.

Again Isner was in trouble at 15-30 on his serve in the 24th game, but again, another ace (his 40th to his opponent’s sixth) saved him. In the 30th game again, Isner faced two more break points at 15-40 when he hit a cross-court backhand wide. Yet another ace, his 41st, and he was out of “jail” when Mathieu’s running forehand down-the-line pass attempt caught the tape of the net and fell back.

It was 15-15, and as both glaringly tired, it appeared that the match had developed into a mind over matter scenario. The body was weak in both players, and victory in the end could just go to the player who was mentally stronger.

The players then traded love service games, as Mathieu took a 17-16 lead. When Isner sent a backhand down-the-line wide, he faced two break points again at 15-40. This time, the Frenchman made him pay. After saving the first, Isner could not save the second when his cross-court forehand shot sailed centimeters wide.

It was a popular victory.

The Frenchman, only 10 months ago, could not walk after a major operation, which aftermath led doctors to doubt if he would ever play again. Just six months ago, he was learning to walk again. Now, he just finished an energy-draining match lasting more than five hours. What a miracle!

Whatever happens to the courageous and sweet-swinging Frenchman for the rest of this French Open, his marathon win added to Virginie Razzano’s mind-tingling victory over Serena Williams, the 2002 champion and the tournament’s firm favourite to win the Women’s title, have both ignited Paris the way no Frnech player had done since ‘local favourite’ Mary Pierce defeated Spain’s 1994 Wimbledon champion Conchita Martinez 6-2, 7-5 in the final to win the French Open title in 2000. A few days before last year’s French Open, Razzano, a former world top-15 player, lost her fiancée to brain tumor, and her ranking thereafter took a nose dive to number one hundred and one.

In Men’s action yesterday, third seed Roger Federer extended his record number of match wins in Grand Slam events to 235, when he saw off the challenge of “home boy” Nicolas Mahut in four sets 6-3, 4-6, 6-2, 7-5 to reach the last 16, where he next faces David Goffin of Belgium.

In one of the many exciting fire-set matches yesterday, Switzerland’s 18th seeded Stanislas Wawrinka (2008 Beijing Olympics Men’s Doubles co-gold medalist, with partner and Davis Cup teammate Roger Federer) outlasted home favourite Gilles Simon, seeded 11th, 5-7, 6-7, 6-7, 6-3, 6-2, while Czech Tomas Berdych, seeded seventh, beat South Africa’s 31st seeded Kevin Anderson 6-4, 3-6, 6-7, 6-4, 6-4. Berdych next faces Argentina’s Juan Martin Del Patro in the last 16.



More Results yesterday

Seppi (Ita) beat F. Verdasco (Esp) 7-5, 3-6, 6-3, 4-6, 6-2

J.M. Del Potro (Arg) beat M. Cilic (Cro) 6-3, 7-5, 6-1

J.W. Tsonga (Fra) beat F. Fognini (Ita) 7-5, 6-4, 6-4

M. Sharapova (Rus) beat A. Morita (Jpn) 6-1, 6-1

S. Stosur (Aus) beat N. Petrova (Rus) 6-3, 6-3

A. Ivanovic (Serb) beat s. Errani (Ita) 1-6, 7-5, 6-3

D. Cibulkova (SLK) beat M. Martinez (Esp) 6-2, 6-1.

(1.) N. Djokovic (serb) beat N. Devilder (Fra) 6-1,6-2,6-2.

BY AYO OSITELU

We Will ‘Flog’ Namibia Silly, Utaka Vows


Utaka
Home-based Players Won’t Disappoint, Says Egwueke

WITH 24 hours to the Brazil 2014 World Cup qualifier in Calabar, players of the Super Eagles say they are ready to drown their Namibian counterparts with goals tomorrow at the U.J. Esuene Stadium.

Apart from returnee John Utaka, who boasted yesterday of using the game against the Brave Warriors to announce to Nigerians that he still has a lot to offer the national team, one of the home-based players, Azubuike Egwueke of Warri Wolves says there would be no hiding place for the visitors.

Utaka, whose brace on the final day of the season at AJ Auxerre helped his French Club, Montpellier, to clinch the Lique 1 trophy ahead of big-spending Paris Saint-Germain, said yesterday that he cannot wait to lead the Eagles attack against Namibia tomorrow. .

“I am glad to be back in the Eagles,” he told MTNFootball.com. “I thank the coach for considering me, but I must admit I cannot wait to file out this weekend for the Eagles.”. .

The former RC Lens of France striker added: “I am here to give my best and to try and replicate the form that saw me help my French club win the Ligue 1 championship for the first time in their history.

“I miss the Eagles and with what I have seen in camp, I believe we have what it takes to get a good result against Namibia on Sunday.”

Speaking further, Utaka said: “We know what is at stake in this game; there is no need stressing it.”. .

Utaka first stepped out for Nigeria 10 years ago. The 30-year-old striker was last involved with Nigeria at the 2010 World Cup in South Africa, where he failed to get even a minute of playing time.

He further stated: “I still have a future in the national team. I did not play a part (at 2010 World Cup), but hopefully I will play a part at the next World Cup. We cannot do without experience in everything we do, not just football.”. .

Also speaking yesterday, Warri Wolves defender, Azubuike Egwueke, said the spirit in the team’s camp was high, adding that any Home-based players that made the squad tomorrow would not disappoint. He urged Nigerians to continue to pray for the team, adding that on their part, they will do everything possible to put smile on the face of the fans.

Coach Stephen Keshi is banking on goalkeeper and stand-in captain, Vincent Enyeama, Gege Soriola, John Utaka, Victor Moses, Sone Aluko and the Uches (Kalu and Ikechukwu) to run down the Namibians.

On their side, the likes of Sunday Mba, Nnamdi Oduamadi, Ejike Uzoenyi, Obinna Nwachukwu, Godfrey Oboabona, Juwon Oshaniwa, Papa Idris and Egwueke are waiting to use the game to make name for themselves if the coach looks their direction.

BY GOWON AKPODONOR

After 31 yrs, Egypt ends state of emergency


egypt-flag
FINALLY, Egypt’s decades-old state of emergency yesterday came to an end, as its last renewal expired, the ruling military said.

Vowing to continue to “protect” the nation, the military said it will continue its “national and historic responsibility, taking into account that the state of emergency has ended, in accordance with the constitutional declaration and with the law,” it said.

It added that it would continue in that role until it hands over power, as it has promised it would to an elected president by the end of this month.

A run-off between the two frontrunners from the first round of the election is to be held on June 16-17.

Egypt has been under a state of emergency continuously since president Anwar Sadat’s assassination in 1981, allowing authorities to detain people without charge and try them in emergency security courts.

Parliament renewed the emergency law for two years in May 2010 when now ousted president Hosni Mubarak was still in power, but limited its application to terrorism and drug crimes.

The military, which took charge after Mubarak’s overthrow in February 2011, at first extended the law to include strikes but then said it would apply only to “thuggery.”

A constitutional declaration ratified in a referendum in March last year gave the military the responsibility to “protect” the country but said only parliament had the right to proclaim a state of emergency, at the executive’s request.

The military had suspended the constitution after Mubarak’s overthrow.

Essam Erian, the deputy leader of the Islamist Freedom and Justice Party, which has the most seats in parliament, told Agence France Presse (AFP) that the military’s statement indicated it would not ask parliament to extend the law.

The party’s leader and presidential candidate, Mohammed Mursi, has said the law will not be renewed.

Ending the state of emergency was a key demand of protesters who toppled Mubarak in an 18-day popular uprising in January and February last year.

Thousands of Egyptians had been jailed under the law over the previous decades. Many have been released since the military took power.

The Guardian Nigeria News

The political battle for CBN’s soul



sanusi1
THE ongoing altercations between the Central Bank of Nigeria (CBN) and the National Assembly over the apex bank’s autonomy may not be a new trend in the financial clime. For a consumer-based economy with yet a growing inflation rate and a high interest rate, the need to enhance fiscal austerity has become expedient.

As much as the ideal by both parties bothers on the need to salvage the economy and ensure effective monetary policies and accountability, the desirability of a credible apex bank that is accountable to the state through effective policies becomes a crux awaiting trial at the public opinion court.

The ability of every nation to distance monetary policy from direct political control tends towards the demands from investors in financial markets for proof that governments will remain committed to inflation-fighting, before making financial commitments to such economy.

In well-regulated climes, the setting of explicit goals to stem inflation as well as effectively develop monetary policies to aid economic growth and participation has become a practice that subjects the apex bank to accountability to the state.

To some economic analysts, the setting of explicit goals promotes accountability, making it more likely that the central bank will come close to the target, thus helping the public to understand the basis for monetary policy decisions and also to form more accurate expectations, even when there are deviations from targets.

With the Monetary Policy Rate (MPR) still being maintained at 12 per cent, only 0.9 per cent lower than the current headline inflation rate of 12.9 per cent, experts have called for the need to review policies in order to revive the economy.

The IMF had noted that although governments may be tempted to use the inflation tax, high inflation also affects the budget negatively due to higher interest rates and lags in tax collection.

“Although it is tempting to use inflation—which now is generally accepted to be primarily a monetary phenomenon—to “solve” short-term problems, it will hamper sustainable real economic growth by postponing addressing the underlying structural challenges”, IMF added.

Justifying the need for an autonomous apex bank, the IMF noted: “It is the prerogative of the state to conduct monetary policy, but it may not be credible if done by the government. In the short run, the government has many competing objectives, including being reelected. Even if the government states that it will pursue price stability, the general public knows that it has incentives to compromise—the so-called time-inconsistency problem”.

In their paper, Exchange Rate Regimes and Monetary Autonomy: Empirical Evidence from Selected Caribbean Countries, Financial analysts, Dr. Roland Craigwell, Dr. Kevin Greenidge and Ms. Tracy Maynard, noted that the choice of the exchange rate regime is fundamental to the performance of an economy and this decision helps to determine the monetary policy options and/or the ability to maintain open capital markets.

According to them, the expansion in capital mobility has made adjustable peg regimes very vulnerable to speculation, since capital would flee in anticipation of devaluation. Consequently, developing countries have moved either towards a rigidly fixed exchange rate and a renunciation of monetary autonomy, as seen in those countries that have dollarised or adopted currency boards, or towards flexibly managed (or even floating) exchange rates.

The impetus for advocating for autonomy comes in part from a recognition that allowing politicians to set interest rates may yield bad policies, undermining efforts to keep inflation under control by avoiding the short-term pain that higher interest rates can cause. It also stems from a growing consensus among experts that low inflation is a precondition to achieving low unemployment and not necessarily an obstacle to that goal.

The apex bank like most others has the core mandate of maintaining price stability and ensuring a non-inflationary growth. The Central Bank is also a regulator, banking supervisor, and development bank. It has the responsibility to ensure a sound and stable financial system in addition to other developmental functions.

Hitherto, the International Monetary Fund (IMF) had expressed its supports for central banks’ autonomy and accountability, since it facilitates price and financial sector stability, which are conducive to sustainable economic growth.

However, as desirable as the sustenance of the central bank’s autonomy is, the IMF noted that a central bank must have clearly defined and prioritised objectives, sufficient authority to achieve these objectives and be autonomous to remain credible. It must also at the same time, be accountable for the authority delegated to it to ensure checks and balances.

The Senate met on Monday to amend the Central Bank of Nigeria (CBN) Act of 2007. The bill aims at altering the current corporate governance structure of CBN from relative independence and autonomy in budgeting to some defined dependency and subservience on the national assembly. The twin issues of concern for the legislators are the composition of the Board membership as well as its budgeting process.

The National Assembly reasons that the subsisting CBN Act allows the Board Chairman, who is the CBN Governor, “unfettered” powers to approve its budget without referring to the National Assembly. Hence the need to get him removed as chairman of the board, and (in his/her place bring) an outsider and possibly a politician as chairman. Legislators are also bent on removing Deputy Governors who are also executive directors of CBN as members of the board.

The bill also seeks to divest the board of the power to consider and approve the annual budget of the bank. The legislators are insisting that the Fiscal Responsibility Act of 2010 supersedes the CBN Act of 2007 in mandating the bank to submit its annual budget for national assembly approval.

The bill, according to its sponsors, would enhance transparency and entrench the principle of check and balances in the administration and operations of the Bank, a move, the apex bank is skeptical about and opposes.

However, at the end of its meeting yesterday, stiff opposition mounted in the Senate over attempt to amend the Central Bank of Nigeria (CBN) Act to the extent of removing the financial autonomy, which the apex bank currently enjoys.

Consequently, the Senate mandated its committees on Banking, Currency and Financial Institutions and Judiciary and Human Rights to conduct a public hearing on the matter and report back for further legislative action.

Testifying at the public hearing yesterday in the National Assembly, which was held in collaboration with the same committee of the House of Representatives, Central Bank governor, Sanusi Lamido Sanusi, contended that the proposed law, if passed, would remove Nigeria from international best practices.

Opening the hearing, Senate President David Mark, represented by its Leader, Victor Ndoma-Egba, said the action of the Upper House would be determined by the input of the public.

“We do not have a pre-conceived intention, we are guided by the best interest of Nigeria and I want to believe that those of you speaking to us should provide the necessary justification for whatever information you pass. Let me state here that this Senate is approaching this bill with an open mind, no pre-conceived notions or positions,” he declared.

The CBN had had a chequered history of autonomy since its inception in 1958, varying between autonomy and control. In the 1958 Act, the CBN was granted a measure of autonomy, which was gradually eroded until 1991 when the autonomy was restored.

The erosion of the Bank’s autonomy between the years coincided with military interventions in politics in Nigeria. Again, the autonomy was gradually eroded until 1999 when administrative and instrument autonomy were granted to the Bank, to shield it from political pressures in the implementation of policy.

One of the founding fathers of the Chartered Institute of Bankers of Nigeria (CIBN) and former Deputy Governor of the Central Bank of Nigeria (CBN), Oladimeji Otiti has condemned the move to review the Act, noting that it is not a guarantee for good governance.

Otiti, who was the deputy governor of the apex bank between May 1982 and 1988, however, noted that the involvement of some past CBN governors and the present Governor, Lamido Sanusi in politics has brought disrepute to the CBN Act.

According to him, the role of the Central Bank is to serve as an adviser to the government in matters relating to finance and the economy. Nowhere in the world is the autonomy of the central bank compromised. The move by the senate to review the CBN Act is not acceptable. If you have to deal with individuals, do so, but separate the office form the individual”

“In situations when the governor gets involved in politics or begins to make political statements, he has begun to act outside his jurisdiction. The present CBN governor talks too much and this is affecting the activities of the bank”, he added.

He stressed further: “I am a central banker. We are not supposed to be politicians. Ahmed started it and I warned him, that his ‘yes’ should be ‘yes’ and his ‘no’ to be ‘no’. I was his deputy. Everything degenerated when they politicised the central bank, especially the position of governor. The CBN is supposed to be an adviser and banker to the government. We are not to do what they do. But the whole thing is politicized”.

On his part, the immediate past President of the Chartered Institute of Bankers of Nigeria (CIBN), Mr. Joseph Jaiyeola noted that the Institute is working towards effective lobbying to ensure that the review of the CBN Act is dropped.

“If the senate seeks to deal with an individual, let them do it on a personal note and not involve the institution. They should learn to separate the institution from the personality”, Jaiyeola added.

Emerging Markets Strategist, Standard Bank Plc, London, Samir Gadio noted that the formal autonomy of the central bank is a pre-requisite for macroeconomic stability in Nigeria.

“There is such a wide consensus on this concept both in Nigeria and externally that one can only wonder about the real motivations behind the proposed bill to amend the CBN Act. If passed, the new legislation would be a major setback for the reform process and price stability…a setback of such magnitude that it is still unclear whether the authors of the bill genuinely want it to be adopted”, he added.

He stressed further: “Given the magnitude of fiscal expansion at the federally consolidated level in recent years, the independence of the central bank both in terms of reporting lines and financial resources is more than ever required to curb the above mentioned excesses and prevent an endogenous and/or exogenous macroeconomic shock.

“In developing countries (and advanced economies in the past) where monetary policy is heavily influenced by political appointees, the risks have typically been that the authorities will increasingly rely on central bank financing and facilitate rapid public sector credit (often via lower rates). Nigeria simply cannot afford such imbalances, which would almost certainly result in a spike in inflation and significant pressure on the exchange rate”, he added.

“The priority nowadays is not to compromise central bank independence, but push through key reforms (Petroleum Industry Bill, power sector) that will drive structural transformation and effectively launch the Sovereign Wealth Fund in order to smooth inter-temporal boom and bust oil price cycles”, Samir stressed.

The IMF had expressed reservations about the proposed removal of the apex’s bank’s autonomy noting that the move to strip the apex bank of its current independence would particularly mean inefficiency in discharging its responsibility of maintaining price stability, which is not in the best interest of the Nigerian economy.

IMF however tasked central banks on the need for good governance, saying: “Good central bank governance means that the objectives and tasks delegated to an institution are performed effectively and efficiently, thus avoiding misuse of resources, which is crucial for establishing a good track record. While the concept of central bank autonomy has prevailed, the last decade has focused more on accountability and transparency, but recently, the focus has moved toward good governance”.

BY FEMI ADEKOYA

APGA May Sanction Obi, Menakaya, Bianca Over Meeting



APGA__logo
THE crises rocking the All Progressives Grand Alliance (APGA) appear to have assumed a new dimension, with alleged plans by the national headquarters to discipline some top members, including Anambra State Governor, Peter Obi over last Saturday’s meeting in Enugu, which it described as illegal and anti-party.

This was disclosed in Awka on Thursday by the Special Adviser to the party’s National Chairman, Chief Victor Umeh, on Inter-party Affairs, Dr. Austine Ndigwe.

Others who may face the party’s disciplinary panel include Dr. Tim Menakaya, a member of the party’s Board of Trustees (BoT), Mrs. Bianca Ojukwu and others who attended the meeting which Ndigwe described as “unfortunate, disappointing and illegal.”

The meeting was held at the Enugu residence of the late standard bearer of the party, Dim Chukwuemeka Odumegwu-Ojukwu by some members of the party, led by Obi, Menakaya and Mrs. Ojukwu.

Ndigwe said that neither Obi, Mrs. Ojukwu nor Menakaya have the constitutional right, under APGA’s constitution, to call a meeting where members of the National Executive Committee (NEC), National and state assemblies as well as key stakeholders of the party would be mandated to attend, like they did.

The party’s National Secretary, Alhaji Sani Abdullahi Shinkarfi corroborated Ndigwe’s views. He questioned Menakaya’s right to call for the recent meeting of the party in the south east and the usual claim by some people that APGA is an Igbo party.

“This party does not belong to any Igbo man, it not a tribal or sectional party but a national party. This party belongs to us and not a singular tribe in Nigeria. In the Northern part of this country, we are the determinant factor because we host the highest number of delegates either in PDP ACN or CPC”.

“The Northern part of this country plays a determining role on who will be the leader of a party because the issue of democracy is a game of numbers and in the northern part of this country, we have the number, we can checkmate anybody in this party with our numbers. In a democracy, it is the people that count. In anything concerning any political party, we have 19 states and the Eastern part of this country has five states. What I will agree with any Igbo man is that APGA has more formidable structures in Igboland,” Shinkarfi said.

On his part, Ndigwe insisted that Menakaya remains a member of the BoT and nothing more, saying the position of Deputy Chairman of the BoT which he was arrogating to himself, was mere wishful thinking and is unknown to the party’s constitution or members.

Ndigwe said Menakaya’s membership of the BoT expires in January 2013 and may not be renewed, while the renewed tenure of the National Chairman, Chief Victor Umeh who was given a fresh mandate during the June 2011 National Convention at Awka which was attended by Obi, Menakaya, Mrs Ojukwu and Sylvester Nwobu-Alor, would expire in June 2015.

He said Menakaya only joined APGA recently from the Peoples Democratic Party (PDP) where he served as the Minister of Health during the tenure of former President Olusegun Obasanjo, hence he is not in a position to grandstand as a founding member of APGA.

Ndigwe who is also the Special Assistant to Governor Rochas Okorocha of Imo State on Public Affairs, said the whole stakeholders as well as the state and national assembly members of the party have just passed a vote of implicit confidence on Umeh and his leadership, adding that that was why no one of them as well as other reputed members of the party attended the Enugu meeting last Saturday.

From Chuks Collins (Awka), Abubakar Mohammed and Nkechi Onyedika (Abuja)

Jonathan, PDP Back Airhiavbere Candidacy, Says Jaja


Airhiavbere
Osunbor Gives Tacit Support To Oshiomhole’s Re-Election

THE national leadership of the Peoples Democratic Party (PDP) has refuted claims in that the party’s candidate in the July 14 gubernatorial poll in the state, Major General Charles Airhiavbere (rtd), does not enjoy the support of President Goodluck Jonathan and that of the party.

Deputy National Chairman of the party, Dr. Sam Sam Jaja, who headed a fact-finding mission to the state said, in fact, President Jonathan will lead a high-powered delegation of PDP state governors and party stalwarts to the state to sell Airhiavbere to the people of the state.

He promised that the party at the national level would do everything legitimate to ensure that it takes over the government of the state come July 14.

Jaja added that Edo State cannot be left out in the scheme of things in the South-South geo-political zone, alleging that the PDP-controlled states were models of development

Jaja, who was flanked by the national publicity secretary of the PDP, Chief Olisa Metuh, General Airhiavbere and the state chairman, Chief Dan Orbih, alleged that the Action Congress Of Nigeria (CAN) was putting up structures to rig the forthcoming election and has recruited private armies in the name of vigilante groups.

He called on the people of the state to ensure that they come out and vote en masse for the PDP pointing out that the party’s flag bearer was a disciplined man and perfect gentleman, who will bring the needed development to the state if elected.

Speaking earlier at a stakeholders meeting of the top echelon of the party, former chairman, Board of Trustees PDP, Chief Tony Anenih, vowed that his party would upstage the sitting governor.

FROM ENO-ABASI SUNDAY AND MICHAEL EGBEJULE, BENIN CITY

Re-naming of UNILAG: Pat Utomi, others condemn FG’s decision

We need to preserve our institution —Gbadamosi

For Sesan Gbadamosi, an alumni of UNILAG and proprietor, Bell Time School, renaming the institution is an improper step taken by the Federal Government. “UNILAG is an old institution of 50 years and it is not proper to put down the reputation of the institution.

“We need to preserve our old institutions that have made names. But all that has changed now that there is a change of name and that will in its own cause confusion.”

He added that if there was going to be any institution to be named after MKO, it should either be University of Abuja or the national stadium.

He further explained that, some institutions that have been renamed including University of Ile-Ife which is now Obafemi Awolowo University was done due to late Obafemi Awolowo’s involvement in the establishment of the institution. “Awolowo started the University in 1962, he was part of the people that laid the foundation for University of Ife and that is the justification for naming the school after him but it was wrong to relate UNILAG to what Abiola did.”

According to him, “Abiola is not only from South West and so it is wrong to politicalise what is expected to be regarded as a national honour. The federal government has only localised the impact of June 12 instead of being a national issue.

“This is not a military regime where someone can make a pronouncement without looking at the act of parliament. The fact that University of Lagos was the first University that was established through the act of parliament in 1962”, he added.

“We have the national stadium in Abuja, it can be renamed after MKO or the Eagle Square, this will show that the federal government recognises the meaning of democracy in Nigeria.”

Asked what remedy he thought is open to the academia in reversing the name, he said, the institution should seek redress by going to court. “Let the academic union take the federal government to court. I am not against it but let it be the role Abiola played. It is the choice of location that is wrong”.

People running the affairs of this country need additional tutorials -Ogunduro

An educationist and alumni of UNILAG, Peter Ogunduro, in his opinion said, the development is an indication that the people running the affairs of the country need to return to the classrooms for tutorials on how to run a country. “We are aware that the academic institutions of today are not well respected and the little positive name they seemed to have gained has been eroded by the kind of president we have.

UNILAG is among the few varsities in Nigeria with reputation in and outside the shores of Nigeria and when the name is taken away and given a new name, the kind that the president has just announced, we are telling the international communities that they should forget Nigeria.

Nobody is contesting the fact that someone has given a supreme sacrifice in the history of democracy in Nigeria but this is certainly not the best way in which we show gratitude to him.

There are better ways of doing that. The university has been robbed of its autonomy. That university has been debased and I think that the price the nation has to pay for such action will be great.”

Asked how he feels MKO should have been immortalised, he said, “We all know that he was a great entrepreneur and the world we live in today has become very obvious and so if we want his legacy to be remembered forever, then it is therefore important to align young people into investing in entrepreneurship.

It will do a lot if we use our resources in the crude oil to build a great institution where we provide opportunities for fresh graduates in the varsity to spend some quality time in the institution to learn entrepreneurship. And by the time we begin to compete globally and advancing in all that we are doing, by that his name will not be forgotten. Abiola was known to be providing inspiration to people of lowly background.

“UNILAG is a place known to have produced a good number of fantastic lawyers and we know that there was an act of parliament that established university of Lagos. I am not sure that the president consulted the people in the academic community before he went along this line, so, the lawyers in UNILAG should be able to go to court and that is the right step to approach this issue and if truly the president knows and abides by the rule of law and the judges are not biased in their ruling, I remember that the decision will not be in favour of changing the name

. Until proper procedure is followed by a way of consultation.

The Chairman of the University Of Lagos, UNILAG branch of ASUU (Academic Staff Union of Universities), Dr Oghenekaro Ogbinaka, while addressing a gathering of protesting UNILAG students, assured them that the Union will fight against Jonathan’s decision to change the name of the tertiary institution to Moshood Abiola University. “I want to tell you that ASUU is by you, the entire University of Lagos is by you. We woke up peacefully and saw the man announce a stupid decision”, he said.

He said, that President Jonathan wanted to score a cheap political point with the decision to change UNILAG’s name, he added.

His intention is wrong —Pat Utomi

Mixed reactions have continued to trail the renaming of the University of Lagos, UNILAG to Moshood Abiola University, MAU, following President Goodluck Jonathan’s democracy speech that the school will no longer be called UNILAG.

Nigerians especially the school authorities, ASUU members, academic and non academic staff, students and alumnus members have condemned the renaming of school saying that it will no longer be business as usual.

Reasons for their condemnation also include that the renaming of the school is capable of reducing the reputation of the institution adding the school which has not only survived by creating a brand name for itself even in the global world but it has been able to compete with other international institutions.

One of the people who have condemned the development is Prof. Pat Utomi. In his reaction, he said, if president Jonathan will truly want to immortalise late chief Moshood Abiola, it should have been tailored towards his outstanding achievement which is more pronounced in politics and business world.

His word: “My reaction is simple. There is no problem in honouring Abiola which many of us have been craving for a longtime. But, I think it should have followed a due process. It is not very wise to rename an institution that has been built for a longtime and sacrifice it at the altar of political exigencies. The cost of reputation that will disappear should be considered.

“If the president wants to name a prestigious university after Abiola, I think, the federal university of agriculture, Abeokuta should be considered. I think it is not a wise decision. The result of his intention has been negative.”

He opined that the development will not only reduce the school’s reputation but is capable of making many people lose connection. The brand image of UNILAG which also is the reputation.

Asked if the renaming of the school is not capable of boosting the reputation of the school, he said, “I don’t think his larger than life image is associated with education. If it is the business department of the institution that he has renamed, that will speak volume, but I expect the president to change his mind and reverse the name which is the wise step to take.”

BY EBUN SESSOU