Author: The Nation

  • Jonathan leads delegation to  UN Assembly

    Jonathan leads delegation to UN Assembly

    President Goodluck Jonathan will on Sunday lead Nigeria’s delegation to the 67th General Assembly of the UN in New York.

    A statement from the Special Adviser to the President on Media and Publicity, Dr Reuben Abati Saturday stated that theme of the Assembly would be on peaceful resolution of international disputes.

    Abati said that the President of the 67th Assembly, Mr Vuk Jeremic of Serbia had announced the theme as “bringing about adjustment or settlement of international disputes or situations by peaceful means.’’

    Abati recalled that the theme had been endorsed by Jonathan in his statement to the 66th General Assembly last year.

    He said that Jonathan had in his 2011 address to the General Assembly and called on the international community to muster the political will to promote preventive diplomacy for the peaceful resolution of international disputes through mediation.

    Jonathan had declared to the Assembly in 2011:

    “For too long, the international community has focused too little attention on mediation and preventive diplomacy and far too much effort and resources on military aspects of peace and security.

    “Yet measures to address the root cause of conflict, including dialogue and mediation, can be far more effective as means to achieving sustainable peace and stability.

    “As I see it, our goal should always be to present the peaceful alternative as a less costly and effective way of achieving political and social objectives.

    “By focusing on mediation as a tool for conflict prevention, we would be able to address the real triggers of conflict, without which we cannot achieve sustainable solutions.’’

    The president’s delegation, which will depart for New York on Sunday, includes governors Isa Yuguda of Bauchi, Godswill Akpabio of Akwa Ibom, Sen. Philip Aduda, Hon. Isa Mohammed, and Minister of Foreign Affairs, Mr Olugbenga Ashiru.

    Others are Ministers of Finance, Dr Ngozi Okonjo-Iweala, Petroleum Resources, Mrs Diezani Allison- Madueke, Trade and Investment, Dr Olusegun Aganga and the Attorney-General of the Federation and Minister of Justice, Mohammed Adoke.

    “In addition to participating in the 67th Session of the General Assembly, the President is scheduled to meet with other world leaders including the Presidents of China, France, South Korea, Brazil, Bulgaria, Finland and Switzerland in New York,’’ Abati said.

    He said that Jonathan would also deliver a statement to the High-Level Meeting on the Rule of Law at the UN Headquarters.

    The president, according to Abati, will join the Prime Minister of Norway, Mr Jens Stoltenberg in presenting a report to the UN Secretary-General, Mr Ban Ki Moon.

    Jonathan and Stoltenberg currently serve as co-Chairpersons of the UN Commission on Life-Saving Commodities for Women and Children.

    Abati said that the president would attend a High-Level meeting on the Nigerian Economy and meet with the chairman and top executives of the global oil giant, Exxon-Mobil.

    The president will also attend the Secretary-General’s High-Level event on the eradication of polio and a reception to be hosted by U.S. President Barack Obama. (NAN)

  • Air passengers struggle for seats as Arik remains grounded

    Air passengers struggle for seats as Arik remains grounded

    Hundreds of air travellers stranded at the Nnamdi Azikiwe International Airport, Abuja, on Friday “hustled” for tickets in a bid to travel out of the city for the weekend.

    The News Agency of Nigeria (NAN) reports that the few airlines that were operating on the domestic routes, claimed that they were fully booked as some passengers struggled to get tickets.

    The situation followed the suspension of flights by Arik Air on Thursday after its operations were grounded by unions operating in the aviation sector.

    The unions said they undertook the action to get Arik and other debtor airlines to pay their debts.

    Following the development, only three airlines — IRS, Aero and Overland — have continued to operate.

    One of the stranded passengers, Dr Harrison Maduike, attributed the situation to the latest development in the aviation sector following the DANA plane crash of June 3 that has yet to resume flight operations and Arik Airline that was shutdown on Thursday.

    NAN reports that many of the passengers that were stranded in Abuja were those travelling to Lagos, Kano and Port Harcourt, while passengers travelling to other destinations such as Enugu and Ibadan went by Overland.

    Another passenger, Mr Mike Ozurumba, said he was ready to buy any airline ticket at any amount to Port Harcourt in order to meet up with an emergency meeting.

    “The situation would have not been worst if the other airlines were to be working but whatever decision the government has taken concerning any of the airlines is regarded as the best even though it is affecting us; I believe it is for a while.

    “I wanted to travelled urgently this morning with an Aero airline by 11:20 a.m. but I was amazed when an airline staff told me the seats were fully booked from now till Monday.

    “IRS also said the only available seats are for Monday and that they are not even going to Port Harcourt but Lagos and I have an emergency meeting in my constituency today (Friday).

    “Some of the passengers who had even booked before me and came late were advised to reschedule their flights against next week,’’ Ozurumba said. (NAN)

  • Shares turnover dip by 33.43%

    Shares turnover dip by 33.43%

    The volume of shares traded on the Nigerian Stock Exchange (NSE) dropped by 33.43 per cent on Friday.

    The News Agency of Nigeria (NAN) reports the turnover dipped by 182.8 million shares as investors exchanged 364.03 million shares worth N2.7 billion in 4,894 deals.

    This was against the 546.83 million shares valued at N1.8 billion traded in 4,681 deals on Thursday.

    The All-Share Index closed lower, recording a marginal loss of 0.72 points or 0.002 per cent to close at 25,873.71 from the 25,874.43.

    Similarly, market capitalisation, which opened at N8.239 trillion, dropped marginally by N1 billion to close at N8.238 trillion.

    Nestle led the losers’ chart with a loss of N24 to close at N580 per share.

    Nigerian Breweries followed, dropping N5 to close at N140 per share, while International Breweries fell by N1.12 to close at N13.91 per share.

    BetaGlass lost 50k to close at N9.53 per share, while GTBank dipped by 20k to close at N19.20 per share.

    On the other hand, NewGold topped the gainers’ chart with a gain of N14 to close at N2,717 per unit.

    FlourMill trailed with N3.22 to close at N67.92 per share, while Lafarge Wapco gained N2.39 to close at N54.99 per share.

    Cadbury appreciated by N1.07 to close at N22.63 per share, while Unilever chalked up with 98k to close at N38.51 per share. (NAN)

  • Subsidy claims: FG pays additional N56.7bn to marketers.

    Subsidy claims: FG pays additional N56.7bn to marketers.

    Dr Ngozi Okonjo-Iweala, the Coordinating Minister for the Economy, on Friday said that the Federal Government had paid additional N56.75 billion to oil marketers out of the 2012 subsidy claims.

    While briefing newsmen in Abuja, Okonjo-Iweala, also Nigeria’s Minister of Finance, said that the payments were made to 14 companies after being screed by the committee on oil subsidy claims.

    She said that the companies were Bovas and Company Ltd., Folawiyo Energy Ltd., Forte Oil Plc, Ibafon Oil Ltd. and Integrated Oil and Gas Ltd.

    Others include M.R.S Oil Nigeria Ltd., Nipco Plc, Oando Plc, Northwest Petroleum and Gas Ltd, Rainoil Ltd., Shorelink Ltd., Swift Oil Ltd., Tecno Oil Ltd. and Total Nigeria Ltd.

    “The ministry of finance has been making payments and screening the activities of the marketers,’’ she said.

    The minister said that the sum of N56.755 billion was paid this week to the marketers that had been screened successfully.

    According to her, the ministry has been on a mission to carefully screen and verify the oil marketers.

    “We are preparing to continue this new system where we carefully screen marketers of petroleum products.

    “We will carry out the screening before and after any payment is made,” she said.

    The News Agency of Nigeria (NAN) recalls that the Federal Government said it had paid N78.9 billion to 43 oil marketers for 2012 subsidy claims as at Aug. 24. (NAN)

  • LAWMA’s recycling banks to keep Lagos clean

    LAWMA’s recycling banks to keep Lagos clean

    Despite being the major centre for economic activities in Nigeria and generating the large amount of industrial and residential waste estimated at over 9000 metric tons daily, Lagos State has remained relatively clean.

    Thanks to the efforts of the Lagos Waste Management Authority (LAWMA), the state has been rated as one of the cleanest in the country and internationally, though a controversial survey by an international agency stated that it is the dirtiest globally recently.

    LAWMA was established in 1977 and since its inception the institution has employed different initiatives in ensuring proper waste management within Lagos State and it environ.

    According to the Managing Director of the agency, Mr. Ola Oresanya, “the LAWMA of the past is different from now and all efforts are been made especially with the present administration of Governor Raji Babatunde Fashola to ensure success in combating the menace of poor waste disposal in the state”.

    In a bid to ensure attainment to the proposed Africa Model mega city and a cleaner environment, LAWMA signed the approval of joint work with the private sectors in March 2007 called the ‘private Sectors Participation’ and a host of others to allow for proper waste management.”

    In compliance with the aim of providing efficient and sustainable waste management service to all Lagosians, the management has equally embarked on its latest strategy of combating menace of waste in Lagos state called the “Recycling bank”.

    The essence of strategy as explained by the agency is to bring a sense of collective responsibility to the heart of waste management in the state, making it a productive and participatory venture between the government and the people where all the school children and other identified stakeholders can help in waste minimization.

    To keep our environment cleaner by avoiding the waste becoming uncontainable and spilling into our houses, industries, forests, and water sources, there is need to curtail some measures which lead to the process of recycling. Recycling involves using used products as raw materials for making new products. It saves on raw materials and prevents harm to the environment. This will help LAWMA as part of its efforts in strengthening the current waste collection activities and expand the scope to facilitate additional value added waste recycler market.

    More so, recycling has been confirmed as ideal means of economic development as it contributes to the economy by helping to conserve our resources and save money, creates jobs and even generates revenue. It is equally cheaper to make products using recycled materials. For example, using fresh aluminum costs twice as much as using recycled aluminum. This is because a lot more energy (i.e. 90% more) is needed to extract aluminum from its raw forms and subsequently, products that are made from recycled materials can also be purchased at a cheaper price.

    For instance the compost fertilizer produced from the Ikorodu landfill is sold at cheaper prices than chemical fertilizer. It also benefits the economy by reducing expenditure, as more items are reduced, the amount of waste that needs to go to the landfill or incinerator is also reduce

    Subsequently, acres of landfill space can be saved and be diverted for other uses. Especially in Lagos state where land is scarce, saving on landfill space could mean savings by the million, and in fact earnings, especially if the land can be used for other revenue-generating functions. With recycling, everything can be used to its maximum potential. Nothing is wasted. Such cost-effective practices not only saves money, but the environment and our resources too.

    The benefit of recycling is far more than we can imagine, as in the case of the market waste which has been turned into fertilizer and now serving variety of purpose especially in agricultural fields. Over 250 bags of fertilizer are produced from LAWMA recycling plant on a daily basis and distributed across the country. Equally, pure water nylons with other nylon have been procured into a disposable bag through recycling activities.

    With this in mind, the institution has provided for four basic banks in form of materials in the following categories: Paper, Can, Glass and Plastic. Over twenty of these recycling banks have been made available to the entire state and deposited at different areas within the state to encourage waste sorting. About 30 former waste scavengers have been engaged as resource managers to see to the daily management of these recycling banks.

    Hence, residents of housing estates are required to embrace recycling by sorting waste from trash and keeping recyclable materials in separate containers/ bags to be disposed of appropriately at the LAWMA Recycling Bank. For instance, a person disposing glass bottles and plastic bottles should endeavour to separate them in different containers and dump them in their respective banks as against disposing them together. By separating the waste from source, it makes the process of recycling easier.

    Citizens are therefore encouraged to dispose their waste bin in these sorted banks as this will allow for easy recycling and also help LAWMA in carrying out its duty effectively as before. The institution will also reward as many people who sort out their waste by reducing their waste bill per month.

  • FIFA to announce 2018 World Cup host cities on Sept. 29

    FIFA to announce 2018 World Cup host cities on Sept. 29

    The International Federation of Football Associations (FIFA), confirmed on Friday it would announced the host cities of the 2018 World Cup in Russia next Saturday.

    FIFA President, Sepp Blatter and Russian Sports Minister, Vitaly Mutko, would jointly on Sept. 29 unveil the final 11 host cities among 13 candidates.

    The duo would announce the cities during a live broadcast on Russia’s Channel One TV starting from 9:20 p.m. Moscow time (1720 GMT).

    “I can say with pride that whichever host cities are finally selected, we believe that the entire country will win,” Mutko said.

    Officials from FIFA and Russia, as well as Russian athletes, football stars and celebrities, would also attend the announcement ceremony.

    Russia was awarded the right to host the 2018 World Cup in Dec., 2010.

    A total of 13 Russian cities, including Kaliningrad, St. Petersburg, Moscow, Yaroslavl, Kazan, Nizhny Novgorod, Saransk, Samara, Yekaterinburg, Rostov-on-Don, Volgograd, Krasnodar and Sochi are vying to host World Cup matches.

    Mutko said in April that FIFA had allocated nearly 700 million U.S. dollars to the 2018 World Cup. (Xinhua/NAN)

  • UniAbuja a mockery of university system – Panel

    UniAbuja a mockery of university system – Panel

    The special visitation panel set up by the Federal Government in July to investigate the activities of University of Abuja since its establishment has described the institution as a mockery of the university system.

    Presenting the panel’s report to the Minister of Education, Prof. Ruqayyatu Rufa’i on Friday in Abuja, the chairman of the panel, Dr Theo Osanakpo, blamed the under development of the university on poor governance system and financial impropriety.

    Osanakpo said the report indicated that the 2025 target set for the completion of the full master plan of the university might not be realised as only six per cent of the plan had been achieved after 24 years.

    He identified ranking of unapproved programmes, admission irregularities, lack of a governance system and lack of a proper accounting procedures as major challenges facing the institution.

    “Looking at all these irregularities going on in the institution, I would say that UniAbuja is a mockery of the university system; the facilities at the mini campus do not reflect the funds that the Federal Government give.

    “There are no sporting facilities for students, no good lecture halls and the facility is way below the needs of the more than 70,000 students of the institution running the undergraduate, post graduate, sandwich, part-time and distance learning programmes,’’ he said.

    Osanakpo said that the staffing of the institution and the environment were very deplorable and the government needed not just to give funds but to monitor the administration of the funds for effective usage.

    He also recommended that the Vice Chancellor be “bench marked” periodically by the governing council to guarantee standard.

    The panel also recommended that prospective students of the institution must have the JAMB requirement and write the post-UTME examination to curb the excesses of admission.

    It also recommended that the Students Union Government (SUG) should be reinstated in the institution to allow for peer interaction which also enhances their productivity level and help to bridge the gap between students and the school management.

    Responsing, the minister thanked the panel for the report, saying that “UniAbuja in spite of its proximity to the education headquarters and the regulating body, NUC, has been a challenge.’’

    Rufa’i assured the panel that the report would be implemented and that within two weeks, the ministry would produce a white paper that would be presented to the president.

    “The president approved this panel so I know that he would be glad to resolve the issues brought to the fore through this report.’’

    The News Agency of Nigeria (NAN) reports that the Federal Government on July 25 inaugurated the panel to investigate the financial and governance system of the university since 1988 when it was established after the suspension of four courses due to irregularities.

    The courses are medicine, veterinary medicine, agriculture and engineering. (NAN)

  • Shareholders of FCMB, FinBank approve merger scheme

    Shareholders of FCMB, FinBank approve merger scheme

    Shareholders of First City Monument Bank (FCMB) and FinBank have unanimously approved the proposed merger of the two banks.

    The News Agency of Nigeria (NAN) reports that the shareholders gave their approval on Friday at both banks’ Court Ordered Meeting held in Lagos.

    The shareholders also authorised the banks’ directors to consent to any modification on the merger scheme by the Securities and Exchange Commission (SEC).

    Speaking at the meeting, Mr Ladi Balogun, the Group Managing Director of FCMB, said that the merger would provide considerable benefits and opportunities to the shareholders.

    He said that customers, staff and other stakeholders of the banks would be better off after the merger.

    Balogun said that the merger would enhance the market reach and customer convenience through an expanded 270 branch networks for shareholders.

    According to him, the merger would strengthen the commercial banking business they would engage in.

    “This merger will deepen our capabilities.

    “ It will merge FCMB’s strength in investment banking and FinBank’s competitive advantage in commercial, retail and mobile banking,“ he said.

    Balogun also assured the shareholders of increased returns on their investment in the years ahead.

    “The merger of the two banks will ensure a more robust platform for retail growth,“ he said.

    NAN recalls that FCMB, in February, completed the acquisition of the entire paid-up capital of FinBank and had proposed the merger in line with the Transaction Implementation Agreement of July 14, 2011.

    FCMB was selected as the preferred investor by the board of directors of FinBank after a special examination of commercial banks in 2009. (NAN)

  • Court dismisses attempt to stop Ehindero’s arraignment

    Court dismisses attempt to stop Ehindero’s arraignment

    Justice Mudashiru Oniyangi of an Abuja High Court on Friday dismissed an application by former Inspector General of Police, Mr Sunday Ehindero, which urged the court to stop ICPC from arraigning him.

    Oniyangi also dismissed similar application filed by the suspended Commissioner of Police in charge of Budget at the Force Headquarters, Mr John Obaniyi.

    He also refused to vacate the leave granted the ICPC to arraign the duo.

    The duo had filed separate notices of preliminary objection challenging the jurisdiction of the court as well as the leave granted the ICPC to file charges against them.

    They had prayed the court to quash the six-count charge preferred against them by the anti-graft agency.

    The ICPC had filed a six-count charge of alleged corrupt embezzlement of N16 million against them.

    The ICPC said the amount was the interests generated from N567 million donated to the Nigeria Police by the Bayelsa Government for the purchase of arms, ammunition and riot control equipment.

    The accused persons could be imprisoned for seven years if convicted.

    Delivering his ruling, Oniyangi held that the anti-graft agency had, by the proof of evidence before the court, successfully established a prima facie evidence against the accused to warrant their being put to trial.

    “Prima facie evidence has been shown by the ICPC through the exhibits and statements of witness to proceed with trial,” he said.

    Oniyangi also held that the ICPC was competent to prosecute the accused, adding that the ICPC Act 2000, under which the duo were charged, was a valid law.

    Oniyangi said that the submission of Ehindero’s counsel, Chief Mike Ozekhome (SAN), that the ICPC Act 2000 was a non existing law, was not tenable.

    He said that the offence the suspects were charged with were known to written laws, stressing that it was not correct to say the ICPC was charging the accused under non-existent law.

    The judge further held that the commission is empowered to prosecute offences which fall under the penal and criminal codes.

    Oniyangi, therefore, dismissed the objections and subsequently ordered that Ehindero and Obaniyi be arraigned.

    After the ruling, Oniyangi read the charges to Ehindero and Obaniyi.

    They pleaded not guilty to the charges.

    Oniyangi, refused to grant bail to Ehindero and Obaniyi on liberal terms as made in an oral application by Ozekhome.

    He granted them bail in the sum of N10 million each and one surety in like sum.

    Oniyangi ordered that the surety must swear to an affidavit of means.

    He also said the accused persons should be detained in prison if they failed to meet the bail conditions.

    Oniyangi adjourned the case to Nov. 12 for accelerated hearing. (NAN)

  • Arik Air passengers make case for refunds

    Arik Air passengers make case for refunds

    Some passengers of Arik Air on Friday at the Nnamdi Azikiwe International Airport, Abuja, converged at the desk of Arik Air for the refund of their unused tickets.

    Some of the aggrieved passengers told the News Agency of Nigeria (NAN) that they came to get the refunds because the airline was grounded on Thursday.

    Earlier, Mrs Henrietta Yakubu, the FAAN, Assistance Director, Media, said that the airline was shut down on Thursday due to the debt it owed the aviation authorities including FAAN.

    “The FAAN union blocked the airline from flying on Thursday because they are owing FAAN and other aviation agencies,’’ she said.

    Alhaji Dogo Mahammud told NAN that it was unfortunate that the airline was grounded, adding that he came to recover his money in order to purchase another ticket.

    “I was to follow the Arik to Lagos yesterday (Thursday) but now, I will have to go back to Kano, and it is unfortunate because I don’t know which of the airline will be having problems in the next moment.

    “I bought ticket for myself and my family but now I have to collect my money so that I can buy another ticket to take us back to Kano,’’ he said.

    Miss Ngozi Alozie told NAN that immediately she presented her ticket, the desk officer attended to her and refunded her N24,900.

    Another passenger Emma Bassey said that he was not aware that the airline was grounded, “I came to board the aircraft this morning when I was told that they are not working.”

    “In fact, I was surprised to see the hall empty, I made my booking online because of the traffic that I normally experience but now, I was disappointed by what I saw.’’

    Mr Muhammed Abani, the airline Station Manager, told NAN that the airline was refunding the ticket money to its customers who booked at the counter with evidence.

    He added that those who made their booking online would have to contact the head office in Lagos through a mail and assured them that they would definitely get their money back.

    It will be recalled that the Arik Air on Thursday suspended its domestic operations across the country alleging “persistent hostility of the Ministry of Aviation and Federal Airport Authority of Nigeria (FAAN) management.