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Friday, September 21, 2012

Pension deductions: PenCom sues defaulting firms


Director-General, Pension Commission, Mr. Muhammad Ahmad
The National Pension Commission has said it has commenced legal actions against employers who have not been remitting the monthly pension contributions of their workers into their Retirement Savings Account as well as those who refused to register their employees under the scheme.

The Director-General, PenCom, Mr. Muhammad Ahmad, who disclosed this to our correspondent in an exclusive interview, said the commission resorted to this option after several attempts to encourage voluntary compliance by the employers failed. He, however, did not disclose the affected firms.

“The commission has introduced various sanction regimes to ensure that all eligible private sector organisations are in full compliance with the scheme. As a last resort, some legal actions have been taken against some of these employers,” he said.

According to him, some of the steps taken so far to ensure voluntary compliance include moral suasion, and naming and shaming policy through the publication of errant private sector employers’ names in newspapers.

Other methods, he added, were public enlightenment, media campaign and collaboration with regulatory and professional bodies.

Ahmad said the commission had been having series of stakeholders’ engagements with different bodies such as the Nigeria Labour Congress and the Nigeria Employers’ Consultative Association, among others.

In addition, the PenCom boss said recovery agents had been appointed to recover all pension contributions with interest from defaulting organisations.

Ahmad said that the commission would recover outstanding contributions together with interest from defaulting organisations in line with section 11(7) of the Pension Reform Act, 2004.

According to him, PenCom has commenced the selection of firms that are interested in serving as recovery agents to approach defaulting organisations from later this month.

Other means of recovering outstanding contributions, he said, were the engagement of consultants, disclosure requirement, issuance of compliance letters, financial literacy and enforcement.

Ahmad said the commission made an on-site inspection to 45 manufacturing companies last year, that had opened about 9,136 Retirement Savings Accounts and remitted N1.88bn.

He added that 48 private schools were also inspected in the same way and had opened 4,060 RSAs with a total remittance value of N2.24bn.

The PenCom boss said that in the aviation and logistic sector, about 45 firms were inspected and had opened 4,708 RSAs with a total value of N4.19bn.

The commission also said that 47 private security companies were inspected that had opened 4,913 RSAs, with a total value of N2.69bn.

Ahmad, however, said all ministries, departments and agencies of the Federal Government were in full compliance with the PRA except for a few.

The Chairman, Pension Fund Operators Association of Nigeria, Mr. Dave Uduanu, said the Contributory Pension Scheme would solve the hiccups experienced in the older pension schemes in the country.



Punch news

Transport Minister sets 2-week target for agencies

ABUJA – Minister of Transport, Senator Idris Umar, has directed that all complaints from government agencies in the country must be attended to and disposed off within two weeks from the date of receipt of such complaint. The minister, at the signing of performance agreement in Abuja, said the directive was as a result of the performance agreement entered into by all ministers with President Goodluck Jonathan, recently.

He said the agreement was one of the high point of the administration’s quest to give responsible leadership that can impact directly on living conditions and improve the quality of lives of Nigerians through efficient, transparent and accountable leadership. Umar pointed out that the agreement was based on an itemised list of key deliverable and measurable outcomes that can incorporate specific targets derived from the mandate of each ministry, department or agency.

He said the performance agreement he signed covered the resuscitation and revitalisation of the Nigerian railway system, among others.




Vanguard news

NFF frowns at Mikel’s sloppy play

Some Nigerians who have been heaping pressure on Super Eagles coach, Stephen Keshi to invite Mikel Obi for the must-win Nations cup match against Lone Star of Liberia may be having a change of mind after Mikel’s sloppy performance that saw him give the ball away in the build-up to Juve’s equaliser on Wednesday.

He gave away the ball when Argentina beat Nigeria in an international friendly last year and never gave a chase until Argentina scored. He never scores, never assists and makes mistakes that lead to goal.

Coach Roberto-Di-Matteo collectively criticised his Chelsea players for their carelessness after they were unable to capitalise on Oscar’s two goals to beat Juventus .
And Mikel aware of hisblunder apologised to the team. But some of officials of the Nigeria Football Federation are biting their nails over the midfielder’s mistake.

‘’I know that mistake do happen but Mikel has to work hard. He has to up his game and be more energetic, daring and adventurous like his Ivorian counterpart, Yaya Toure’’, the NFF source said.

Though irritated by his play, the source emphasised that Stephen Keshi has the last say on which player is invited to the national team.

‘’We’ve absolute confidence in Keshi and he is totally in charge’’.

Speaking on the Juve match, Mikel said of his new team-mate Oscar: “He’s going to be a great player for this club, with his talent and ability. Hopefully he can do even more. He can only get better.
”I think his all-round game is very good. He can score goals, he’s very creative, and I think that’s what this club is looking for.”

Oscar was a surprise starter – he had hardly impressed in his three substitute appearances and had appeared to struggle with the physical demands of English football.

Mikel revealed Chelsea’s training sessions had helped toughen up the £25m man. “You don’t want to kick anyone and get anyone injured in training,” he said. “We try to give him a little bit sometimes.”




Vanguard sports

PDP gives defectors 30 days to return


PDP National Chairman, Dr Bamanga Tukur
Peoples Democratic Party has given defectors wishing to return 30 days to do so.

This decision was taken at the meeting of the National Working Committee of the party at its national secretariat in Abuja on Wednesday.

Chairman of the party, Dr. Bamanga Tukur,said this in a statement on Thursday.

He, however, said the defectors could only return to the party through their wards.

The statement read, “In keeping with the on-going efforts to promote reconciliation within the party, the NWC decided as follows:

“That the PDP umbrella is big enough to accommodate everybody and therefore calls on all those who left the party, or are not actively working with the party, for any reason(s) to return to the party through their wards.

“That this exercise (should) be carried out within 30 days from now and that ward chairmen and secretaries should register such returning members without inhibitions.”

Tukur advised anyone not allowed to go through this process to report to the national secretariat.

He called on the six zonal national vice-chairmen to ensure compliance with the directive.

He said the PDP NWC was also setting up zonal reconciliation committees which he said would handle lingering disagreements and forge a more united party.



Punch news

FRSC threatens doctors that reject accident victims

The Federal Road Safety Corps has disclosed that henceforth, any hospital that rejects accident victims would have its Chief Medical Director arrested and charged to court, with a fine of N50,000 or jailed for one year.

This is just as the Nigerian Navy yesterday told its men and officers to comply with the new traffic law in Lagos State, threatening that violation of the law was tantamount to double jeopardy for any erring personnel.

Flag Officer Commanding Western Naval Command, Rear Admiral Ameen Ikioda, gave the advice during an awareness seminar on the new traffic Law, at the Western Naval command, Apapa..

The seminar he explained, was borne out of the need to for personnel of the command to be conversant with the new traffic law and the danger of violating them, as well as to create a civil-military relationship.

Represented by the Command’s Operation’s Officer, Commodore Henry Babalola, the FOC enjoined the personnel to subordinate themselves to civil authority, reminding them that the day they were enlisted into the Military, they signed away their liberty.

He however, called on the need for the amendment of some of the stipulated fines in the law, saying it was not proportional to the offense committed.

Addressing senior officers and personnel of the Nigerian Navy during the awareness seminar, the Lagos state Sector Commander of the Federal Road Safety Corps, Corp Commander Nsebong Akpabi, disclosed that so far, the Corps had over 3 Million traffic offenders in its database, enjoining the personnel to key into the new law, reminding that road crashes don’t discriminate the personality of individual plying the road.

He stated that any traffic offender who had up to twenty points from the Corps data, would have his particulars seized and consequent be disallowed from driving in any part of the country.

Also speaking, the Chief Vehicle Inspector Officer for Lagos, Mr. Adebayo Olusoji explained that the fine stipulated by the Lagos state government in the new traffic law was not aimed at punishing Lagosians but rather, to ensure they adhere strict to the rules.




Vanguard news

Fresh brawl between NCC, MCSN

*Your activities are illegal -NCC

*We are law abiding Nigerians -MCSN

The unending feud between the Nigerian Copyright Commission (NCC) and Musical Copyright Society of Nigeria, MCSN took a new dimension last Tuesday when the former wielded the big stick against the latter through a raid at its Lagos office.

The regulatory body accused the society of engaging in an illegal collection of copyright royalties on behalf of faceless members and therefore warned it to desist from such act.

In a statement signed by Nseabasi Unagwu of the Public Affairs Department of the Nigerian Copyright Commission (NCC) following the raid, NCC explained that the raid became necessary in order to forestall the illegal activities of MCSN.

NCC Director of Enforcement, Mr. Augustine Amodu said that investigations by NCC had shown that MCSN was engaged in illegal licensing for musical and film works.

He said “Prior to the raid, the Commission had conducted a preliminary investigation on the activities of MCSN to determine whether they were carrying out the functions of a collecting society. The preliminary investigation showed that they were illegally granting license for usage of musical and film works as well as collecting royalties from people they granted license to use these works and were purportedly distributing royalties to those they chose”

Re-stating that the only collecting society approved for music and sound recording by NCC is the Copyright Society of Nigeria (COSON), Mr. Amodu added that five officers of MCSN,including Olakayode Ajayi, Halim Mohammed, Njoku Gladys, Yusuf Adoji and Banjo Omolara Bilqis, were arrested during the raid.

“The General Manager, Licensing, of MCSN, Mr Loius Udoh escaped lawful custody while the Chief Executive Officer, Mr. Mayo Ayilaran, is still at large. Some documents and computers used to carry out the illegal activities were seized during the raid”.

NCC said MCSN has been refused an operating license by five past Directors-General of the body on the grounds of non-qualification after due process had been approached at three different occasions by concerned stakeholders to find amicable working modalities with COSON. Rather than listen to the stakeholders, the organization continued to engage in illegal collection of music copyright royalties from unsuspecting companies.




Vanguard news

Religious intolerance rises in Nigeria – US report

A REPORT published yesterday in The Guardian of London said religious intolerance is on the rise in Nigeria. The survey, entitled The Rising Tide of Restrictions on Religion, is the second successive one by Pew Research Centre to note increasing intolerance worldwide.

Pew Research Centre report says the US and UK are among 197 countries showing a worrying rise in religious discrimination too.

The conclusions of the project, conducted by the Pew Research Centre, an American thinktank’s Forum on Religion and Public Life, were published yesterday. The analysis, of 197 countries and territories, identifies a sharp rise in religious limits globally and a six per cent increase in restrictions in the four years until 2010.

Three-quarters of the world’s human population of seven billion live under strong government curbs on religion, or among serious “social hostilities” involving faith issues, said researchers. The report is being published amid a rash of protests in the Muslim world following the posting online of a video spoof that mocks the life of Muhammad.

The survey reports that in all five main regions of the world – including the Americas and sub-Saharan Africa where religious restrictions previously had been declining – freedom of faith is coming under increasing pressure.




Vanguard news

Govt needs to curtail spending, perfect budget implementation – ICAN

MR. Adedoyin Owolabi, the President of Institute of Chartered Accountants of Nigeria (ICAN), on Tuesday advised all the tiers of government in Nigeria to improve on budget implementation.

Owolabi gave the advice in Abuja at a one-day symposium organised by ICAN to review budget implementation strategies.

“The quality of life of the average Nigerian is declining, while the cost of governance has continued to soar. We have been witnessing economic growth without development.

“The huge absolute value of budget deficit financed mainly with borrowing from banks has continued to negatively impact on cost of funding budgets in our economy.

“Each year, brilliant and huge budget proposals are presented by the government to the National Assembly and approved. “Unfortunately, not much will appear to have been achieved both at the micro and macro levels at the end of the year, “ he said.

Owolabi said that infrastructure could have improved in Nigeria if projects were properly monitored and greater premium placed on the value for money.

He called for more consultation between chartered accountants and government, saying that accountants were experts in budget and money matters that would advice on how to grow our economy.

Mr Bode Augusto, a former Director-General in the Budget Office, called on the National Assembly to be more prudent.

While reviewing Nigeria’s budget implementation from 2003 to 2012, Augusto urged the Federal Government to invest more in capital projects.

“In the past nine years, a large chunk of the nation’s revenue has gone into daily expenditure of the Federal Government. And this grossly limits the fraction left for other important national needs.




Vanguard news

NSITF urges compliance with Employees Compensation Act

Managing Director of the Nigerian Social Insurance Trust Fund, NSITF, Alhaji Umar Abubakar, has tasked employers of labour in Nigeria to comply with the provision of Compensation Act of 2010.

Addressing a cross section of workers during a one day interactive session in Kano, Abubakar revealed that the scheme has in the last one year registered over 1000 employers, adding that it also appointed over 12 commercial banks as Contribution Collection Banks.

He stated that the provisions of Compensation Act were inalienable right of workers, stressing the need for the Nigerian workers to stand up against any oppression and infringement on their right by their employers.

He commended the federal government for taking the lead by paying the statutory one percent contribution of its workers’ annual pay roll to the Fund, pointing out that “If your employers pay one per cent of your pay roll to the NSITF as the law mandates them to, it is for your benefit, but if they don’t you are the ones that will bear the brunt.”

Alhaji Abubakar disclosed that employers have not been forthcoming in their registration, maintaining that the Employees Compensation Act 2010 made it mandatory for employers, both in the private and public sectors to register for the scheme.”

The NSITF BOSS emphasized that “Under the law, employers are prohibited from making contributions under the scheme and we have made plans to ensure that employers do not use part of staff salary as their contributions.”

He explained that the scheme has operated for one year and the Agency owe it a duty to meet with the stakeholders to share with them the progress made so far in the implementation of the scheme and to list their various achievements that they were able to record in the past one yea, as well as with the problems they encountered while implementing the scheme.

He encourage employees to hold tight to the scheme, while unfolding the future plans of the scheme for the appointment and accreditation of hospitals and clinics all over the country that would be used for the treatment of injured persons under the scheme.



Vanguard news

The possibility of secession remains unless… – Ogbemudia

RETIRED Brigadier-General Samuel Osaigbovo Ogbemudia, two-time governor of Mid West State and later Bendel State, was born in Benin on September 17, 1932. He joined the Nigerian Army in 1957 at the age of 25 with very minimal opposition from his only surviving parent, his mother.

He attended the officer cadet school at Aldershot, England in 1960, and was commissioned second lieutenant in 1961 and served with the UN peacekeeping force in the Congo for 16 months, and in Tanzania in 1964. He was appointed as an instructor to the Nigerian Military School, Zaria in 1964.

In January, 1966, a coup d’état overthrew the civilian government of Nigeria and Major Samuel Ogbemudia played a pivotal role in the July 1966 counter-coup by disarming his troops in Kaduna. One month later he was transferred to the area command, Benin City, fighting with government forces in the Nigerian Civil War.

Ogbemudia was later appointed military administrator of Mid-West State in September 1967 following the liberation of the state from the secessionist forces.

A populist, dedicated to reconstruction after the war, he initiated improvements in the areas of sports, urban development, education, public transportation, housing and commerce. He built the Ogbe Sports Stadium, now named after him, and in August 1973 he commissioned the 3-storey National Museum in Benin City.

Other projects included the Agbede Mechanized Farm, Rural Electrification Board, Bendel Steel Structures, Bendel Pharmaceuticals, Bendel Boatyard, the University of Benin and the Bendel Line. In later years, people looked back on his governorship as a time when much was achieved, followed by stagnation in later administrations.

In July 1975, he retired alongside 11 other military governors by Gen. Murtala Muhammed. The retirement of the governors found guilty of corruption was converted to dismissal. Among these was Brigadier General Samuel Ogbemudia, whom Murtala had appointed eight years earlier, and whom he replaced with Colonel George Agbazika Innih. Ogbemudia was tried for abuses while in office, but acquitted. As the man marked his 80 birthday, he spoke to Vanguard on his days at the Government House, Benin and other national issues. Excerpts:


MANY Nigerians recall with nostalgia the lofty contributions of Afuze and Ogbe Hard Court and many other sporting activities and they are of the opinion that you are the real pillar of sports. When you look at the rot in the nation’s sports today, how do you feel?

The answer to your question would make me step on toes but I do not mind. I cannot mark my own script. I cannot score myself, whether I am the authentic pillar of sports in Nigeria or not.

Now looking back I will say what I believe. I don’t think that it is only Ogbemudia that is unhappy with current development of our sports sector. Do you remember how Nigerians felt when we won the Under 17 World Cup?
General Ogbemudia
Now we couldn’t even qualify for African Nations’ cup. It is that bad, not only football but also for other games. We are not making progress. Just look at the London Olympics, what do you see yourself? You ask me what we can do to turn things around.

Entertainment and recreation

The ball is in the court of Government. I have always said and I appeal even at the risk of repetition, that if we want to use sports only for entertainment and recreation, then our attention to it and investment in it so far is okay.

But if we want to use sports for national mobilization and galvanization, massive economic revival and influence foreign affairs, etc, then our attention to it and investments in it must not just double, it should triple or even quadruple!

My belief is that government has not been able to effectively cross-breed various ideas for sports development and aggregate these ideas and interests for possible policy formulation that would emancipate the Ministry of Sports from the current syndrome of abysmal failures in every international outing to that of fame and respect for sports loving Nigerians. I call on the Federal Government to take control and reorganize sports.

You were once a Minister of Labour and Productivity. Where did Nigeria get it wrong? Why do we have a large army of unemployed youths ?

The Ministry of Labour and government generally cannot provide all the jobs Nigerians need. The private sector is mostly responsible for employment.

That must be understood by everybody. The expectation for employment from Government by the people is too high. Government tries to meet this by employing people that sometimes are not needed, and the Labour Unions would not allow Government to retrench, rationalize or downsize the work force.

That is why government bureaucracy is too large, leading to high recurrent expenditure. Worse still, productivity is low because of redundant workers, yet there is still unemployment. The universities and other higher institutions of learning are turning out graduates yearly into the Labour market. The answer does not lie in one jacket.

It is multifarious, but government must show the light, by creating the enabling environment where private sectors could probably take the lead. You were talking of Sports moments ago. Let me tell you, Sports and Agriculture if well developed can absorb a sizeable number of our unemployed youths and even some that are unemployable.

Look at the Sports Industry in Europe and America; even Asia. You can understand what UEFA is now trying to do with Sports.

Without Sports, millions of their children would be jobless and perhaps would also be militants. That is also the case with Agriculture, which has demonstrated its capacity to employ people in the past, with huge potentials for the future.

The film industry is also there and Nigerians are trying in that regard. So there are lots of opportunities for employment generations that are yet to be tapped. All we need is to convince ourselves that we can do it, and develop the courage to match our conviction with action.

Fifty-two years after political independence would you say that the Nigeria of your dream has evolved?

I am not one of those that dreamt of Nigeria. Our political leaders did. I was a soldier then. My duty was to support civil authority.

The dreams as expressed by our leaders were lofty. Unfortunately, they couldn’t manage the politics and things fell apart. Fifty two years in the life of a man is a long time. Such a man will most probably be a grand-father, doing the second lap of his journey. However, 52 years in the life of a nation is very small.

The advanced democracies of this world are much older. Having said that, we must admit that mistakes have been made and we should courageously avoid such areas or mistakes for the future. We must take care to build a nation as we develop our country, otherwise the possibility of secession would remain.

Specifically, will you say that subsequent leaders of Edo State have followed your development blueprint?

I was governor of Mid West as a military officer and later Bendel State as an elected civilian governor; not of Edo State, although the present Edo State was an integral part of Mid West and Bendel State. The challenges of development were a little different at the time I was on the saddle. There was civil war. And I needed to protect our people.

Nigeria’s unity was threatened and Mid West sacrificed a lot to help the Federal Government to restore it. The State received the brunt of the war and we needed to rebuild it. We also needed to modernize it to meet world’s standard.

In most of the areas we addressed, a futuristic view was taken into account. To construct a road for example, I would ask the Commissioner and the engineer, what do they think would be the volume of traffic this road would carry in 10 to 20 years time? And we set out to construct the road to meet the projection. That applied to all other areas.

Now, as regards blueprints, I do no think that successive governments were bound by what we did. They were free to accept, adopt, adapt or abandon anything, provided what they chose to do meet the challenges of the time and the aspirations of the people as they saw it.

On a comparative note, Mid West or Bendel State cannot be the same as Edo State today. While it could be said that development in my time commensurate with the economic expectation of that era, the expectation of today, brought about by the issue of globalization of the economy has tended to stretch development beyond snapping point.

Thus most governments have not been able to muster enough strength or build up equal alacrity to rebound in the face of too many requests. But government should strive to do something constantly for the people in order to restore hopes even if these developments are not seen to be total.

Are you a fulfilled man?

Not just fulfilled, also a grateful man, grateful to God, to Nigeria, to Bendel and to my people. That is why all the energy left in me is now put at the disposal of God, my Country and my people. I am not looking for job or contract but willing and ready to do anything that would contribute to the growth and happiness of our people.

Looking back now, what are those things you would have done differently?

Sometimes when I see how bad things are in Nigeria, I regret that most politicians have not learnt any lesson. I was too loyal to the military and to government. There was little or nothing I could do since my main duty was to support civil authority.

However, I look at the past with nostalgia when Nigerians used to pull one string with rapture and enthusiasm. When the military finally decided to quit and restore civil government, I sought a political party that would adopt sports, transportation, agriculture, education and health care delivery as the central theme of its government but failed. Rather, the party would generalize everything and step out on all fronts. These seem to be falling apart today. However, I thank God for everything.

One of the hallmarks of your 80th birthday is the launching of the Osaigbovo Ogbemudia Foundation. What do you aim to achieve with this?

The main thrust of the Foundation is to support the prevention and control of diabetes, which I have found to be posing a major health challenge to Nigerians. It is even more malignant for older persons and I think I could help put smiles on their faces so they could have hopes of counting more years on earth particularly for those who are managing to eke out a living.

The other objectives of the Foundation are on some of the issues above, including Good Governance and Development, especially for the youths which will manifest with time.



Vanguard news

Stop chasing shadows, Mark tells Jonathan, Okonjo-Iweala

ABUJA—Senate President, David Mark, yesterday reflected on the many problems facing the nation and asked the Head of the Economic Team of President Goodluck Jonathan, Dr. Ngozi Okonjo-Iweala to stop chasing shadows.

Senator Mark in his welcome address to the Senate after an eight-week recess, observed that Nigeria needs healing to come out of the web of crisis that has engulfed the nation in recent time.

He also advised the Economic Team, which includes the Central Bank of Nigeria, CBN, Governor, Mallam Sanusi Lamido Sanusi and others to come up with robust economic policies that would salvage the nation from its economic disasters.
Jonathan and Okonjo-Iweala
He said: “Those who manage the nation’s economy cannot afford to chase shadows while the economy is in the doldrums. What Nigerians expect, and deserve, is the introduction of fiscal and monetary policies that will create jobs, fix healthcare and infrastructure, and stimulate the economy.”

The Senate President also expressed concern over poor budget performances, demanding that President Jonathan should submit the 2013 budget to the National Assembly early, for quick passage.

He lamented that poor budget implementation had led to a rise in poverty in the land, stressing that the National Assembly would be more stringent with oversight to ensure full implementation of 2013 budget.

Quick submission of 2013 budget

He said: “We return to plenary session to commence a scrupulous consideration of the 2013 budget estimates, once it is presented. It is, therefore, important that the Executive presents the budget early to afford us sufficient time to consider and debate it exhaustively before we can pass it.

“And our goal would be to pass it before the end of the year. When passed and signed into law, we will insist on full implementation. Over the years, our national budgets have raised hopes for a better life. Such hopes have remained largely unrealized.

“The Senate will activate and deploy its weapon of oversight to meticulously monitor the implementation of the budget. We have felt the pulse of the people, and the condition under which they live has rekindled our resolve to ensure that their living conditions are substantially improved as a reward for their faith in democracy.

“The war against poverty must therefore be an unrelenting one. Its ultimate objective should be total eradication of poverty, and not just poverty reduction. A nation as blessed as ours has no business with poverty.”

Insecurity and poverty

Mark also lamented the near collapse of security in Nigeria orchestrated by the Boko Haram sect that has led to wanton killing of many innocent citizens, describing it as an that is evil very alien to Nigeria.

According to him, “We return from our recess to meet a nation sorely in need of healing, a nation previously free from strife and anomie, but now convulsing from a genre of violence that we all thought was alien to our shores.

“A new but formidable evil has now combined with old and familiar perils to present our nation with perhaps the greatest challenge to its corporate existence since the civil war.
Senate President David Mark


“I urge you all, therefore, to prepare to take on the unprecedented challenges facing our nation. The times call for sacrifice and statesmanship, and for everyone to rise above narrow and parochial interests”.

Mark who also commented on the abysmal performance of Nigeria at the 2012 London Olympics and the general decline in sports, which he blamed on corruption, advocated mass sacking of sports administrators.

His words, “one issue that worries me deeply is the decline of our nation even in areas in which we once excelled. The reasons for this decline are not far-fetched. Corruption, sloppiness and tardiness in preparations, mismanagement, degradation and lack of maintenance and vandalization of national assets, absence of rigour and thoroughness in planning – these, and more, are the reasons for the rot.

Wants sport administrators sacked

“Perhaps, no singular event reflects our current attitude to things, and exemplifies our decline, as the fiasco of Nigeria’s participation at the recently concluded 2012 London Summer Olympics. You will recall that our contingent failed to win a single medal in the games. Our fortunes are even more dismal in football, which is a national pastime, and a great unifying factor.

“This should not surprise you, after all, the National Stadium, Abuja, our supposed symbol of sporting excellence, was recently discovered to be decrepit, overtaken by weeds and reptiles”.

“What is surprising, and very worrisome, is that our psyche is beginning to accept this malady as normal. Ordinarily, such an appalling state of affairs ought to have been followed by voluntary resignations, or mass purges. But nobody has resigned, and nobody has been fired! Distinguished colleagues, there is no doubt that a drastic overhaul of our sports administration is long overdue.”




Vanguard news

Analysts raise concern on hindrances to market making

Existing price limits, low market depth, weak human capacity and current operating structure of the market have been identified as factors that could hamper the success of market making, Analysts at United Bank for Africa said.

Nevertheless, the analysts, believe that a proper implementation of the strategy could reduce volatility, facilitate liquidity in the Nigerian financial market and increase market depth, adding also that changing the current operating structure of the Nigerian Stock Exchange from the order driven to a quote driven system is critical to the overall success of the strategy.

The Analysts — Kayode Fadahunsi, Michael Nwanolue and Philip Etim, all of UBA — in a report on the Nigeria Stock Exchange’s introduction of market making, said, “While we believe that market making can be applied to improve the workings of the equity market, we expect it to present a few challenges such as; the poor execution of clients’ mandate, the misuse of privileged information, high cost of switching or crossing stocks between accounts amongst other regulatory bottlenecks.”

However, to provide an enabling environment for market making to thrive, they recommended that, “market infrastructure be upgraded to global standards – we understand the current stock exchange system can easily be switched to a quote driven system; trading hours be further extended to enhance the free-flow of trades; the revised price limits of (+/-) 10% be applied to all listed equities; a legal framework be instituted to settle disputes; more well capitalized market makers be approved for each stock to reduce unnecessary dominance by any single market maker; stakeholders should be properly enlightened on the workings of the strategy; and proper regulatory oversight be provided to prevent market makers from taking undue advantage of privileged information,” the Analysts said.

Management of the Nigerian Stock Exchange, NSE had announced that it would allow market making to commence on September 18, 2012. The equity market regulator had, in April 2012, approved the appointment of ten Primary Market Makers (PMMs). For starters, the NSE has approved a list of twelve equities with which the PMMs will test-run the initiative over the next six months.

Market making involves a broker-dealer firm i.e. market maker, accepting the risk of holding a given number of shares of a specific stock or security in order to facilitate trading in that security.

A market maker displays the bid and the offer quotes/prices for a guaranteed number of shares. When an order is received, the market maker sells from its inventory or seeks an offsetting order. Essentially, market makers keep the financial markets running efficiently because they are willing to quote both bid and offer prices for an asset.




Vanguard news

Jonathan sends 2013-2015 Medium Term Expenditure to Senate

ABUJA — PRESIDENT Goodluck Jonathan, yesterday, forwarded to the Senate a 2013-2015 medium term Expenditure Framework and Fiscal Strategy Paper, with a promise that the 2013 budget will be a continuation of his fiscal consolidation.

The government in the paper disclosed that following its initiatives and in line with the trend since 2011, the share of recurrent spending in aggregate expenditure is set to further reduce from 71.47 per cent in 2012 to 68.7 per cent in 2013 while capital expenditure as a share of aggregate spending is set to increase from 28.53 per cent in 2012 to 31.3 per cent in 2013.

He also put it that in line with the policy of consolidation, the fiscal deficit is expected to continue on a declining path from 2.85 per cent of GDP in 2012 to 2.17 per cent of GDP in 2013.
According to President Jonathan, the Federal Government will sustain its efforts to increase revenue as well as that of capital spending in total expenditure, reduce the fiscal deficit and the corresponding borrowing requirement to a more sustainable level.

President Jonathan noted that in light of the huge amount paid on petroleum subsidy in 2011, the government will streamline the management of the subsidy scheme through the strengthening of the audit and verification process, adding that these will yield results in 2013, just as the SURE-P instrument will continue to be used as an intervention window to mitigate the impact of the partial subsidy removal.

Though the paper was read to the Senators by Senate President David Mark, but a three paragraph letter without details was made available, but according to the document which Vanguard Newspaper obtained, the government said that in line with the oil-price based fiscal rule, a cautious oil benchmark price of $75 per barrel has been chosen for 2013-2015 period while oil production of 2.53 mbpd, 2.61 mbpd and 2.65 mbpd will be adopted for the 2013, 2014 and 2015 fiscal years respectively.

According to the document, “this is below the current world market price and is underpinned by our model of 10-year and five-year moving averages, with some adjustments. Revenue in excess of the benchmark price continue to be sent aside in the Excess Crude Account, ECA/Sovereign Wealth Fund, SWF. The fund has been designed to reduce pro-cyclicality and delink public expenditure from oil price volatility.”

Focus on security, agriculture

The government in the paper, plans to increase the contribution of tax revenue to the budget through continuous reforms to modernise and further improve tax administration.

The government is also planning within this period, focus on Security, Agriculture, Power, Water Resources, Health, Education, Works, Transport, Aviation, Federal Capital Territory and Niger Delta, just as it intends to reduce the infrastructural gap, thereby energising the economy as ways of creating employment and to ensure an inclusive growth.

The document read in part, “Although aggregate expenditure is increasing in absolute terms, the goal is for government expenditure as a share of GDP in the Nigerian economy to reduce in the medium to long term. This is in line with the desire to promote the private sector.

The reduction in the size of government will be achieved through stricter rationalisation of available resources including sustaining the reduction of overhead votes. The figure for overhead decreased from N536 billion in 2010 to N266 billion in 2012. It is expected to further decrease in 2013 to N230 billion or 4.67 percent of total expenditure.”




Vanguard Newspaper

Imoke urges political solution to Bakassi, oil block losses

LAGOS—Cross River State Governor, Senator Liyel Imoke, said, Wednesday , that in the interest of peace in the region, only a political solution can salvage the damages caused by the recent loss of Bakassi Peninsula to Cameroon and 76 oil wells to its neighbouring state, Akwa Ibom.

Imoke told Vanguard Newspaper exclusively in his office in Calabar, the state capital, that the precedent had been set in the Nigerian polity when former President Olusegun Obasanjo also devised a political solution to resolve the onshore/offshore dichotomy impasse between the littoral states and the Federal Government.
Senator Liyel Imoke of Cross River State at Government House.
The governor said it was strange that his state was the only one in the South South region that was regarded as non-oil producing state, adding that it was the loss of Bakassi that made Cross River a non-littoral state.

He said: “Literally, we are the only state in the Niger Delta region, as it were, that is suffering from the consequences of a judgment without a political solution and making us the only state that is not producing when nothing has changed physically or geographically.”

Against this backdrop, he argued that the development required political solution. He said: “The political solution basically should be addressed for the interest of peace. The political solution is one that we have seen applied in the past. So it is not something new, it is something that the parties involved can come together and agree on.”

He added that “what this means is that it has revived the Bakassi agitation and since the Supreme Court acknowledged the International Court of Justice, ICJ decision, the consequence is the loss to the people of Cross River and the people of Bakassi.”

Past precedent

Imoke also recalled that it was a similar political solution that made Akwa Ibom, which lost out as an oil producing state following the Supreme Court ruling in 2002, on the onshore/offshore dichotomy, which vested offshore oil productions on the federal government.

As a result of the ruling, Akwa Ibom lost out from oil resource benefits because all its crude productions were offshore. But the governor remembered that the then former Akwa Ibom state governor, Obong Victor Attah led a powerful agitation against the Supreme Court ruling, which eventually culminated into the 13 per cent derivation fund for all oil producing states and once more, Akwa Ibom became an oil producing state and one of the highest beneficiaries of that political solution.

Imoke recalled, “What happened at the end of the day was that we arrived at a political solution. Even under an administration of someone like former President Obasanjo who said we needed to have peace in this region.

“There were several meetings and it was agreed that we must find a way to deal with the law which the Supreme Court had delivered because the judgment was strictly based on law. But there were social issues that were to be addressed, and in addressing these social issues President Obasanjo set up a committee to make recommendations and that committee was chaired by Chief Tony Anenih.

“They made some recommendations to abrogate the offshore/onshore dichotomy, and a two or three-paragraph legislation was drafted and sent to the National Assembly. What that legislation said was that states, littoral states will now benefit from offshore production, the 13 per cent derivation will be applied to them.

“What that meant was that more revenue will be accrued to them and the greatest beneficiary was Akwa Ibom State because they did not have any onshore production. So Alkwa Ibom today is an oil producer as a result of that political solution. So when there is a will, there is way and there is precedence. What I have just told you is something we can make reference to in trying to find a solution.”

Onshore/offshore dichotomy ruling

Notwithstanding that Cross River has lost its oil wells and with it the derivation fund accruable from them, Governor Imoke insisted that the ruling onshore/offshore dichotomy was a good one, which according to him, was “meant to bring about peace in the region and I think we need to sustain the law and the law should benefit all the players.”

However, he noted that one of the major injustices in the loss of Bakassi saga and the onshore/offshore ruling is the fact that even the Environment Impact Fund, which Cross River State is expected to keep enjoying, has also been denied it.

“I believe very strongly that we cannot ignore the consequences of oil production, and there is a serious environmental consequence from the offshore productions. I don’t think the solution is to go back to the onshore/offshore dichotomy, but I think that from my perspective we are also a state that is suffering significant consequences from oil production.”

He expressed optimism that President Goodluck Jonthan would find lasting solutions for the crises, which has created huge financial challenges for Cross River, as according to him, “Literally, we are the only state in the Niger Delta region as it were that is suffering from the consequences of a judgment without a political solution and making us the only state that is not producing when nothing has changed physically or geographically.”

Compensation for Bakassi loss

The Governor further maintained that part of the political solution would be for the Federal Government to pay compensation to the people of Bakassi for the loss of their land and oil and gas resources.

He said, “Bakassi people are now saying that they are not part of the ICJ’s agreement, they were not party to this and they were not asked where they wanted to settle. At the end of the day, the Bakassi people are being punished for what they had no hand in and they are calling out to Nigerians to respond to this.

“What we have done which is appropriate is taking the case to the Attorney General, we have met with the president and others on this matter, we have also made our presentation and we hope that with the support of Mr. President and others, there will be lasting resolution to this matter.

“If the territory is lost, then let the people be compensated and there must be a measure of compensation in place. All that the people are asking for is compensation.

He further defended that the state government has been quiet about the whole Bakassi issue because technically, Bakassi is now in Cameroon and states do not interfere in international boundary matters, a development he said is lost on the whole of Nigeria.

He noted, “When I’m asked about security in Bakassi and what I am doing about it. It has not dawned on the people that we have lost Bakassi. They are asking the governor of Cross River about security in Cameroun. That is the reality. Nigerians have not come to the terms with the fact that we have lost Bakassi, and that is because we do not understand why the Bakassi territory was lost.

According to him, “We are doing quite a lot; but as a governor, I understand for a fact that when it comes to issues of boundaries between nations and international diplomacy, regrettable, states cannot interfere. But what can we do is to restate our case at the highest level of government and listen to the Bakassi people and take their own case.”

He maintained that it is not out of place for the people to demand compensations, as it is their inalienable right as contained both in the Nigerian Constitution and the UN Charter.





Vanguard Newspaper

No going back on Bakassi, N5000 note – FG

ABUJA—The Federal Government, yesterday, rebuffed criticisms against the introduction of N5,000 note in the country, insisting that there was no going back on the decision.

Similarly, the government insisted that, notwithstanding fresh facts that have been unearthed by the Vanguard to prove that Bakassi peninsula belongs to Nigeria, and which were concealed during trial, it will not appeal the 2002 verdict of the International Court of Justice which ceded the oil-rich peninsula to Cameroon.

Minister of Information, Mr Labaran Maku, conveyed government’s position on the issues, Tuesday night in Abuja, while speaking as a guest of People’s Forum, a programme organised by the Nigeria Union of Journalists, NUJ.

His position was in apparent response to the resolutions of the Senate, the House of Representatives and the Nigeria Bar Association which had variously urged the Federal Government not only to appeal the ICJ judgment but also halt the planned restructuring of the country’s currencies by the Central Bank of Nigeria, CBN.

Maku also said those who have so far commented on the issues at different fora, were expressing their views, noting that expression of views was the fundamental right of every citizen in the country.
He said the resolutions of the two chambers of the National Assembly on the issues, asking the Federal Government not only to appeal the ICJ judgment on Bakassi but also direct the CBN to stop its proposed structuring of the country’s currencies, were not binding. He argued that only the law made by the National Assembly was binding on both the government and its citizens just as he said that the apex bank, being independent, should be allowed free hands to do its work like others in the developed world.

“A resolution by the National Assembly is not an Act. The National Assembly makes laws but the laws are different from resolutions. While the laws made by the National Assembly are binding on the government, including citizens, the same is not with resolutions. Resolutions are not binding on government as they are just positions of the legislators. The government can say yes, we have seen your position but this way is better”, he said.

On the Bakassi peninsula, the minister said shortly after the ICJ verdict, the Federal Government had since signed agreement with Cameroon not only to concede the Bakassi to it in accordance with the ICJ verdict but assist in resettling, as well as give protection to indigenes of the area who wish to remain in Nigeria.

“It is surprising that this issue is coming up again, this case was in the International Court of Justice for long and after years of legal arguments by both Nigeria and Cameroon, a judgment was passed in favour of Cameroon, and Nigeria, in respect to the ICJ judgment, came out and signed an agreement that it had honoured the judgment. Nigeria and Cameroon are neighbours and have a good standing relationship. The two countries have been living together and will continue to live together for ever. They have been peaceful with each other for long. It is not at this time that they should begin to have problem over issues that should have been amicably resolved. So, I think Nigeria’s position is still in conformity with the outcome of the International Court of Justice”, he said.

The minister charged people to try to harp on issues that would promote peace and harmonious co-existence instead of those that tend to cause unnecessary tension, saying what Africa needed for rapid growth and unity was peace among member countries. “Between Nigeria and Cameroon, there are several communities which members are Cameroon and which members are Nigerians; so I believe we have a duty to promote peace among ourselves, between the two countries”, he added.

Speaking on the planned restructuring of the currencies, the Information Minister said the CBN, which is responsible for the planned action should not be crucified as, according to him, its head, Mr Sanusi Lamido Sanusi had not misled the country in any form.

He said the CBN boss meant well for the country, citing the action he took few months after mounting the saddle, which, he noted, had reformed the banking sector today and built customers’ confidence as well as provide efficient service delivery in the banks.

“I think the way the Central Bank of Nigeria has been able to manage our economy without borrowing, is quite commendable and should be appreciated”, he insisted.

The minister said no action of the apex bank as regards currency restructuring in Nigeria’s history had come without criticisms, saying at the end of the day, the same people who had stood against it would see reason and begin to applaud the development. “When the N20 note, N500 note and N1000 note were introduced, people said they were not good for our economy but after the whole thing, they began to see reasons”, he noted.

He said the Economic Management Team endorsed the restructuring bid after the CBN boss was able to convince the team with his explanations on what the country stands to gain in carrying out the action, and urged every other citizen to do same.

“I think we should allow the Central Bank of Nigeria to provide leadership, give us what they are to do, it is not a matter of opinion poll but it is a matter that the experts know what they are doing. See the way he (Sanusi) took us through the period of financial meltdown, we were able to survive the situation without borrowing. The Central Bank has exuded a lot of confidence that we should give them support”, he charged.

However, there were insinuations that President Goodluck Jonathan may agree to reverse his administration’s plan to introduce the 5,000 naira note. The President was said to have met with the leadership of the National Assembly hours after the stormy sessions of the Assembly on Tuesday and assured that any “approval given in this regard can be reversed since it is the wish of the people”. It is unclear whether the president has issued a directive to that effect.




Vanguard news

KESHI, Okoku: Why we gave computers to school

Super Eagles Coach, Stephen Keshi, ex-international Paul Okoku, and Godwin Odiye last week, put smiles on the faces of pupils of St. Paul Primary School, Ebute Metta, Lagos, when they donated computer systems for the use of the kids.

At a brief but emotion-laden ceremony held inside the school’s premises, the former Nigerian soccer heroes, presented five computer systems and two laptops to the school authorities. It was the first time that a public primary school in the vicinity would be receiving such technological freebies from these soccer heroes

Speaking on what informed the donation, Okoku, who resides in the United States of America, said that it was actually him that conceived the idea of giving three computers to the school that he had his first slice of formal education.

He noted that when he told Keshi, who also attended the same school, of his plans, that the Eagles gaffer gladly welcomed it and told him of his readiness to partner in the lofty project, which necessitated the purchase of additional computers

He said that his mother’s death made him to think of what to do for those still alive.

“When I came home for my mother’s burial, I thought of what to do for my primary school and told Keshi of my plans and he said that he wanted to be part of it.

So we decided to give these computer items to the school because we want our kids to have the best equipment at their learning disposal.

“I brought men who share the same vision with me to invest part of their resources into the development of the primary school that gave us life and their response encouraged me. I am sure that other colleagues of ours would join us when next we want to execute more projects for this school”, added Okoku.

Keshi said that he did it to identify with the school that he cut his teeth as a pupil

“This is about me identifying with my roots. This is where it all started for me and I’m happy to be doing this for these young pupils and hope that the kids would benefit from it. I am not doing this for anyone to emulate me. I am doing this because I was once here and had to come and identify with them”, said Keshi..




Vanguard news

North maps out plans for 2015 elections


Chairman, Northern Governors’ Forum, Dr. Muazu Babangida Aliyu
The North on Thursday began move for the 2015 general elections, saying that it would join forces with other section of the country to realise its goal.

The Arewa Consultative Forum, which made this known in Kaduna after its meeting, said part of the strategy was to bring everybody in the region together regardless of ethnic or religious affinities.

The Northern governors had in May, this year through their Chairman and Governor of Niger State, Dr. Mua’azu Babangida Aliyu said the region would form a formidable force despite their different political leanings and go into the 2015 presidency.

Re-echoing the position of the governors, the pan-Northern socio-political organisation at the end the joint meeting of its National Executive Council and the Board of Trustees said it had begun strategising for the 2015.

The forum noted that 2015 was still far and would not want to distract governance but would welcome any strategy that will put the region in a vantage position to enable it to negotiate with other sections of the country ahead of the 2015 poll.

The forum, in a communiqué signed by its National Publicity Secretary, Mr. Anthony Sani, on Thursday said to realise this, members had resolved to ensure that calm returns to the troubled region.

The ACF added that its priority at the moment was to bring unity and peaceful coexistence among northerners in particular and the nation at large.

According to the group, for the desired peace to reign in the region, “ACF must deliberately enlist the support of all stakeholders such as governors, local government chairmen, the legislators, traditional rulers and religious leaders as well as political leaders of political parties for the express purpose of implementing those aspects of the recommendations that are within the purview of their executive authority and sphere of influence.”

The communiqué added, “The emergency meeting was called to receive and consider the road map for peace, Unity and development of Northern Nigeria. The road map is an outcome of the resolutions of the Arewa Conference on peace and unity held on the 5th and 6th December,2011,which were stepped down into the executive summary for implementation by stakeholders. The submission was done by former Inspector General of police, Alhaji Ibrahim Ahmadu Coomassie, the Sardaunan Katsina.

“While the forum supports any political strategies that would put the North in a position which will enable it to negotiate with other sections of the country from a position of strength and secure some favourable terms, it was the considered view of the forum that it is too early to start full fledged political activities for 2015.This is because such early start is capable of detracting from the task of governance at our collective peril.”



Punch news

Passengers stranded as Arik suspends domestic flights


Murtala Muhammed International Airport, Lagos
Hundreds of local passengers were stranded at the Murtala Muhammed Airport, Lagos on Thursday as the country’s largest commercial carrier, Arik Air, decided to suspend its domestic flights after aviation unions disrupted activities at the airport.

The President, Air Transport Services Senior Staff Association of Nigeria, Mr. Benjamin Okewu, told journalists on Thursday that the unions decided to ground the operations of Arik over alleged failure to pay service charges it owed government agencies such as the Federal Airports Authority of Nigeria; Nigerian Airspace Management Agency; and the Nigerian Civil Aviation Authority.

However, a statement by the airline quoted the Managing Director, Mr. Chris Ndulue, as denying the allegations.

The statement by the airline read, “Due to persistent hostility of the Ministry of Aviation and the Federal Airports Authority of Nigeria, which has culminated in the use of FAAN staff to stop Arik Air operations and lock in checked-in passengers in Lagos this morning, Arik Air has no option than to suspend all domestic operations until further notice.

“This issue bears on personal interests and not payment of bills; since FAAN has been collecting its charges in advance since 18 months now. Arik Air regrets the inconveniences this disruption by FAAN would cause our guests.

Before now, there have been several attempts and threats to disrupt our operations and sell the usual impression that Arik Air owes the agencies. After these attempts failed, today, they resorted to using some FAAN staff.

“We are aware that some knowledgeable staff refused to join this illegal and unwarranted action. They locked the boarding gate and prevented passengers from getting to the aircraft and were making false announcement of unimaginable sums of money they claimed Arik owed. Obviously, from their records no other airline owes anything.”

It added, “This is only a calculated attempt to punish the airline and tarnish its image. They are witnesses to the reputation of Arik Air as a young and upwardly mobile airline. They saw it in their road shows and many visits to airlines and aircraft manufacturers. Ordinarily, they should be happy, but they are not

“For the records, Arik Air does not owe FAAN as is being alleged by the agency. We want to state that FAAN has been collecting its charges over the last 18 months when it introduced the pay-as-you-go regime. In this year alone, we have paid over N2bn to FAAN (breakdown by month and types is attached). Thirty five per cent of total airline revenues in Nigeria are paid back to government agencies.”

The airline described as fictitious and baseless several figures allegedly being bandied about by FAAN as Arik Air’s indebtedness to the agency.

Meanwhile, the management of FAAN has distanced itself from the action of the unions, describing it as counter-productive to business operations.

A statement signed by the General Manager, Public Affairs, FAAN, Mr. Akin Olukunle, stated that the management was taken aback by the action of the unions and described it as counter-productive.

The statement read in part, “Earlier today, Thursday September 20, 2012, it was brought to the attention of the management of the Federal Airports Authority of Nigeria that members of the industrial unions in the aviation industry carried out an industrial action, which entailed the disruption of Arik Airlines’ flights, allegedly to recover debts owed by the airline to various agencies in the industry.

“The management wishes to inform the public that it was not aware of any plan by the unions to embark on the said industrial action as the management considered it to be counter-productive to the current efforts being made by management to recover debts owed FAAN by Arik Airlines and other customers.

Olukunle added, “The management wishes to assure the public, particularly air passengers and all other airport users, that we are doing everything possible to address the issue that informed the industrial action by the unions without recourse to violence.”




Punch news

We killed two Boko Haram commanders – JTF


JTF spokesman, Lieutenant Colonel Sagir Musa
The Joint Task Force on Operation Restore Order said on Thursday that it had shot dead two suspected commanders of Boko Haram in Maiduguri.

JTF spokesman Lt.-Col. Sagir Musa, said in a statement in Maiduguri that the suspects were top commanders of the group in-charge of Yobe and Adamawa.

He said, “Two suspected Boko Haram top terrorists commanders were killed along Maiduguri-Kano road as they tried to escape on Wednesday.

He said, “The suspects were top commanders coordinating activities of the sect in Mubi and Yola in Adamawa and in Yobe.’’

Sagir added that the duo were trailed by a combined team of security operatives for many hours before they attempted to escape.

“The suspects were on their way to Damaturu for a planned special operation to attack civilians and military locations.

“Intelligence reports also indicated that they were planning to conduct an attack on Maiduguri soon.”

Sagir said a number of items including weapons and a Honda salon car were recovered from them.

He said the JTF had also arrested eight suspected members of the group in an earlier operation in Maiduguri.

The JTF Spokeman said, “The JTF arrested eight suspected members of the sect in earlier operations in Garannam, GRA and Lawanti areas of Maiduguri on Wednesday.

“Those arrested were confirmed to have found their way to Maiduguri from neighbouring states.’’

He added that several items were also recovered from them including “a silver coloured Toyota Camry 1998 model with Yobe registration number’’.




Punch news

Mikel apologises for Juventus blunder


John Mikel Obi
Nigeria midfielder Mikel Obi has apologised for the Champions League blunder that allowed Juventus to snatch a 2-2 draw against holders Chelsea.

With just 10 minutes remaining at Stamford Bridge on Wednesday, Chelsea were on course to open their title defence with a victory after two goals from Brazil midfielder Oscar gave them a 2-1 lead over the Italian champions.

But Mikel carelessly gave the ball away in the build-up to the equalizer and he told Sky Sports after the game, “I think we switched off. It was a pass to Eden (Hazard) that didn’t quite get there and then we just switched off.

“We should have dealt with it properly.”

“If I want to make up an excuse, I can,” Mikel said. “But, for me, I gave the ball away. I put my hands up, we move on.

“I’m sorry about the mistake, but there are no excuses.”

The Nigerian had been encouraged, however, by Chelsea’s energetic beginning to the match, adding, “I think we started the game well, we scored two goals and we had more possession of the game. We had the game under control but they scored one goal.

“We came out in the second half trying to do something in the way that we started the first half but their second goal was a cheap goal to give away.”

It could have been even worse for Chelsea as Quagliarella hit the crossbar with a looping shot just after his equaliser.

Blues boss Roberto Di Matteo was frustrated with the way his team lost control after taking a two-goal lead, but he could at least take heart from Oscar’s virtuoso display on his first start for his new club.

Oscar arrived from Internacional for £25 million in the close-season and he underlined his vast potential with a sublime second goal on Wednesday that saw him turn away from two Juventus markers with a sublime flick before unleashing a curling shot that flashed past Gianluigi Buffon.

It was an early contender for goal of the season and Oscar, 21, admitted he was delighted to have made such a big impact in his first Champions League appearance.

“I was very happy to score my first goal in the Champions League and my first goal at Chelsea,” he said.

“The first one, the ball deflected, so I was a bit lucky. But I was playing very well, so I could score this beautiful goal and I’m very happy with this debut.”




Punch sports

Non-implementation of Resolutions: Senate draws battle line, threatens to impeach Jonathan

ABUJA-THE Senate yesterday drew the battle line with the presidency pledging to use constitutional powers to enforce its resolutions directed at the good governance of the nation.

Yesterday’s charged session was upon recent comments made by administration officials on the powerlessness of legislative resolutions. The legislative body in a retort to claims by Information Minister, Labaran Maku that the administration was forging ahead with the production of the N5,000 bank note drew his attention to the fact that he was a mere appointee unlike legislators who were in office on the mandate of the people.

For the first time since the advent of the present senate, the threat of impeachment against President Goodluck Jonathan was made when Senator Uche Chukwumerije, PDP, Abia North disclosed that some senators were already mobilizing signatures for an impeachment notice should the president continue to disregard the actions and counsels of the senate.

The outpouring of disaffection was in the course of a debate on a Bill for an act to amend the Public Enterprise (Privatization and Commercialization) Act 2004 to provide for inclusion of host communities in sales of shares. The bill sponsored by Senator Ifeanyi Okowa, PDP, Delta North, aims to reserve five per cent of the shares of any public enterprise earmarked for privatization for the host community.

Senator Okowa in his debate disclosed that the amendment would help the host community and other stakeholders to buy into the privatization programmes of government. Among the senators that spoke were Senators Chukwumerije, Ahmad Lawan; ANPP Yobe North; George Akume, ACN Benue; Ibrahim Gobir, PDP Sokoto and Isa Galaudu, PDP Kebbi.
Members of the Red Chamber and President Jonathan
Senator Okowa explained that the Bill sought to ensure better accountability through an amendment of the functions of the National Council on Privatization, NCP, to remove contradictions.

“Section 5 (3) of the Act is proposed for amendment to provide for the inclusion of host communities. The amendment provides for not less than five per cent of the shares to be offered to Nigerians, to be reserved for the host communities of the public enterprises to be privatized, and also proposes not less than five per cent of such shares for sale to be reserved for the staff of the public enterprise”. Budget implementation

Against the background of mutterings by senators over the poor implementation of the resolutions of the senate, the Deputy President of the Senate, Chief Ike Ekweremadu who presided at the plenary cautioned Mr. Maku that unlike the legislators, he, Maku was not an elected official of government. Ekweremadu said: “I do not think we need the Minister of Information, indeed any minister to remind us that our resolutions are not binding just as we do not need to remind him that he was not elected. So we know that our resolutions are not binding, but the decisions we take in this Senate, especially regarding the resolutions are all well thought of.

“They are borne out of patriotism, they are well researched and it is the amalgamation of the views of very responsible Nigerians. And to that extent, it is very persuasive and anybody who is ignoring the resolutions of this Senate is doing it at the expense of good governance and we cannot encourage such a thing.

“We believe that this is an opportunity for Mr. President to go and look for the resolutions of the Senate regarding the BPE investigation. If there are people sitting on it, I think he should use his executive powers and push them out and get the report and begin to implement them for the overall interest of this country.”

Senator Chukwumerije, who noted that impeachment of the President would be the last option if the resolutions were not implemented, said: “the Ahmad Lawan report is the highest moral ground of the Seventh Senate. It was that report that convinced everybody, the public that the hope for this country lies with the Senate; that there is still one body that is concerned with the nation which lies far above sectionalism.

“The pattern in this country all along has been one of siphoning of funds through all sorts of legal subtleties to private pockets and private companies.

“And for the first time, there was a bold report that exposed the rot and we called for a reversal of this pattern; unfortunately, it is business as usual. It is, therefore, in the interest of this Senate that in addition to what we are doing on this Act as we are doing now, we must pass a resolution calling the attention of Mr. President to the main body of that report.

Senate has started gathering signatures - Chukwumerije

“Two weeks ago, we started collecting signatures, and if we collect up to two-third of the Senate, we are going to get a motion that would give marching orders to Mr. President for the implementation of the report or else… We are getting to that stage. They are looting public funds with impunity and nobody is saying anything.

“If the President keeps on not implementing resolutions of the Senate, if it gets to the point of threatening impeachment, I, Uche Chukwumerije will move the motion.” Co-sponsor of the bill, Senator Lawan said the bill was sequel to the investigation the senate carried out on the activities of the BPE from 1999 to 2011.

Lawan who chaired the Ad-hoc committee explained that during the investigation, it was discovered that the Public Enterprises Act of 1999 was flawed in about four ways. According to Lawan, at the end of the investigations, it was discovered that BPE was spending its proceeds without reference to the National Assembly, adding, “In fact we recommended punishment and sanctions for two of the officers who did that because those actions were against section 80 of the constitution.”

Lawan who appealed to the President to implement the resolutions adopted by the Senate with regard to the BPE report that was submitted to him, said, “Mr President must ignore people who will always tell Nigerians that the resolutions we take here are only advisory and have no weight.

In his own contribution, Senator Galaudu noted that the amendments being sought to the act were in line with international best practices in privatization and stressed that it was only right that certain percentage of privatized companies be reserved to the host communities and the staff of the company.

The Bill was read for the second time and referred to the Senate Committe on Privatization.




Vanguard news

Okonjo-Iweala meets Senate over 2013 budget


Minister of Finance, Dr. Ngozi Okonjo-Iweala
The Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, on Thursday met with the chairmen of Senate committees behind closed doors.

The meeting, which held at the conference room located at the ground floor of the new Senate building, lasted for close to four hours.

Although details of the meeting were sketchy as at the time of filing this report, our correspondents gathered that the 2013 budget was the central theme of the discussions.

The minister did not entertain questions from journalists after the meeting.

A senator, who was privy to the meeting, told one of our correspondents that the vexed issue of constituency projects was also discussed.

He said, “We made it clear to her that constituency projects cannot be wished away because, for most of our communities, it is virtually the only way they get a sense of belonging.

“Our constituents are interested in knowing how we are going to attract federal presence to complement the little the states and local governments are doing.”

The Chairman, Senate Committee on Information, Senator Eyinnaya Abaribe, confirmed that the 2013 budget was the central focus of the meeting.

Abaribe said, “We wanted insights into the budget that is coming and the minister briefed us on the 2012 budget performance and gave us figures on what has been released so far.

“We also collected documents on the budget performance and we are going to reconvene the meeting a few weeks from now.”

He added, “Our committees will now go out on oversight of their respective agencies with regards to the figures the minister gave so as to us to determine the extent of utilisation.

“We are not just interested in what was released, but are interested in actual utilisation of funds.”

The Federal Government is expected to present an aggregate expenditure of N4.92tn to the National Assembly for the 2013 fiscal year.

The proposal will be an increase of about N300bn, given that the aggregate expenditure for 2012 was N4.697tn.

The details were contained in the 2013-2015 Fiscal Framework presented to the Senate on Wednesday by President Goodluck Jonathan.

Jonathan said the 2013 fiscal year would also witness the rationalisation of the large number of federal agencies based on the recommendations of the Oronsaye committee.

He also promised to streamline the management of the petroleum product subsidy scheme in the light of the huge amount paid to offset the claims in 2011.

He said, “The reduction in the size of government will be achieved through stricter rationalisation of available resources including sustaining the reduction of overhead votes.

“The figure for overheads decreased from N536bn in 2010 to N266bn in 2012. It is expected to further decrease in 2013 to N230bn or 4.67 per cent of total expenditure.”



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Jonathan unprepared to lead Nigeria – Kalu


former Abia State Governor Orji Kalu
Former Abia State Governor Orji Kalu says President Goodluck Jonathan is unprepared to lead the country, adding that all the president “wanted in 2007 was to get a full term in office as governor.”

Kalu said this at the Obafemi Awolowo University, Ile Ife on Thursday at the Professor David Ijalaye annual lecture.

He traced the failure of Nigeria’s socio-economic development to “unprepared leadership,” lamenting that Nigeria had been beset with reluctant leaders forced upon the masses by the ruling elite.

Kalu, whose lecture was entitled, ‘Leadership: Key factor to a better Nigeria,’ said the lack of committed and foresighted leaders was the bane of the country’s development.

Making a case for true federalism, Kalu bemoaned the deplorable condition of the Lagos-Ibadan Expressway even as he supported the call for the creation of state police.

He, however, clarified that for state police not to be used as agent of oppression, police chiefs like Divisional Police Officers must be elected, “like we have in the United States of America”.

Tracing the emergence of Nigeria’s past Heads of State and Presidents, Kalu said past leaders such as Maj.-Gen. JTU Aguiyi-Ironsi, Gen Olusegun Obasanjo, Alhaji Sheu Shagari, Chief Ernest Shonekan, Alhaji Umaru Yar’Adua, and Jonathan were all unprepared for leadership.

He said, “Goodluck Jonathan became Bayelsa State Governor when his former principal DSP Alamieyiesegha was impeached.

“All he wanted in 2007 was to get a full term in office as governor. But he was drafted to be Vice President and within three years he became president. Was he prepared to be president? The answer is no.”



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