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  • Fitch affirms Nigeria’s BB rating, says outlook is stable

    Fitch Ratings has affirmed Nigeria’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BB-’ and ‘BB’ respectively with a Stable Outlook.

    The agency has also affirmed Nigeria’s Short-term foreign currency IDR at ‘B’. The Country Ceiling has been affirmed at ‘BB-’.

    The affirmation reflects progress on a number of fronts including a tighter fiscal stance, an improvement in electricity supply, increased agricultural output which has helped reduce imports, and an increase in international reserves.

    Nonetheless, the reinvigoration of structural reforms has yet to feed through to a higher growth rate and weaknesses including a vulnerability to oil price shocks, high inflation and governance challenges weigh on the rating.

    The partial elimination of the petroleum subsidy in January sent a strong message about the government’s reformist intentions.

    Although the move did not go as far as originally planned, it is an important step in the right direction.

    Moreover, the political furore it prompted paved the way for a clean-up of the subsidy payment system and crack down on the inefficiencies and fraud that have been uncovered.

    This has brought important gains to government revenues and international reserves, including the Excess Crude Account (ECA) which has risen to USD8bn this year.

    The reforms have yet to have a noticeable impact on GDP growth. Growth has slowed this year, averaging 6.2% in H112, compared to an average 7.4% in 2009-2011. Fitch believes the slowdown is temporary, affected by security and weather problems which have particularly affected agriculture.

    A recovery to 7% or more should be possible next year. However, there is no sign yet that growth is moving to a higher plain, which should happen as the reforms take hold.

    The banking system is also still convalescing, with credit growth barely positive in real terms due to high interest rates, limited lending opportunities and improved risk management.

    A redraft of the long-delayed Petroleum Investment Bill was recently submitted to parliament. The prolonged debate of this key piece of legislation, affecting a vital sector of Nigeria’s economy, has brought major uncertainty and been detrimental to investment. Passage of a bill that achieves the goal of a progressive fiscal framework while encouraging investment would be credit positive.

     

    Significant fiscal tightening is underway. Fitch expects the general government overall balance (including an estimate for state and local government) to move into small surplus this year – the first since 2008.

     

     

  • FLOOD: Five feared  drowned in Bayelsa

    FLOOD: Five feared drowned in Bayelsa

    • Bayelsa is cut off, Dickson cries out

    Five persons were feared drowned yesterday on Epie Creek, near Yenagoa, Bayelsa State after two canoes collided in the raging flood in the state.

    The victims were mainly artisans.

    One body had been retrieved at press time.

    Eye witnesses said one of the canoes was paddled by a woman.

    A survivor who refused to disclose his name said he was in one of the canoes with his friends when the accident occurred.

    According to him, when the two boats collided, the occupants of his boat, which included his three friends drowned, while he held on the canoe until sympathisers came to his rescue.

    “As my friends drowned I held to the canoe. People saw me and came to rescue me,” he said adding, “My friends don’t know how to swim, even me.”

    Three of the victims were identified as Abiola, a panel beater; Obisco, a mechanic; and Isiaka a driver.

    Isiaka’s body was retrieved shortly after the incident while divers brought in by government were searching for the others.

    Meanwhile, Governor Seriake Dickson has warned those in charge of relief materials for flood victims not to make it a business affair.

    Governor Dickson who got to the scene of the accident while on a tour of camps for those displaced by flood ordered immediate supply of life jackets to boat transporters around the area, and warned against overloading of canoes.

    He warned transporters to ensure that passengers use life jackets before they are conveyed across the Creek.

    Members of the community have decried the non-completion of a bridge being constructed by the Niger Delta Development Commission (NDDC). The bridge has been under construction for over two years now.

    “If this bridge which has been under construction since 2010 had been was completed this wouldn’t have happened,” a member of the community told the governor.

    At the Igbogene flood Victims Camp, the governor said: “Nobody should expect to make money out of this flood situation. This is an emergency period. The East/ West road is blocked, nothing comes into this state from Port Harcourt, nothing comes from Warri- Ughelli side. This state has been cut off for a long time,” he said.

    “The whole state is a camp; the state is in an emergency situation. The whole of the state is a refugee camp, even in Yenagoa you have a camp that is almost ten, and I am addressing all of them. It is a major problem.”

  • Our kidnap ordeals, by 10-year-old victim

    Our kidnap ordeals, by 10-year-old victim

    A 10-year-old boy released last Friday has relieved his experience with kidnappers.

    Emmanuel Eko and his 4-year-old sister, Treasure, were abducted at gun point by masked gunmen while their mother was taking them to school in Calabar last Tuesday.

    They were eventually released last Friday.

    Emmanuel said it felt nice to be back to his family.

    Recounting his experience, he said they were scared as the gunmen blindfolded them and took them to an unknown house.

    According to him: “They gave us food. They did not beat us. They gave us food like boiled yam and egg. rice and stew.

    “Beans and meat. They were not talking to us. They were just keeping quiet. We just lie down on the bed in the room.”

    Commissioner of Police Osita Ezechukwu said the Criminal Investigation Department (CID) and other units swung into action after the case was reported.

    He said: “I am pleased to inform you that the kids have been recovered and reunited with their parents in good health. Meanwhile, the manhunt for the perpetrators of the crime has intensified.”

     

  • Army officers pledge to obey, enforce new Lagos traffic law

    The General Officer Commanding the 81 Division of the Nigeria Army in Lagos, Major General Kenneth Minimah, yesterday pledged that the Military will not only conform but also champion enforcement of obedience to the law.

    He spoke at an interactive session between Lagos state governor, Mr. Babatunde Fashola and senior Army officers as well as heads of army formations in Lagos on the new road traffic law at the 81 Division Auditorium, Onikan.

    Minimah said there is no reason why the new Traffic Law should not work.

    He asserted that the military formations will go beyond just obeying the law but take part in enforcing it since it is a legitimate law of the state that has passed through the necessary processes before becoming a law.

    Fashola said everyone must realise roads are shared assets citing the latest accident on the Shagamu Benin Expressway where 33 people were reportedly drowned when their vehicle plunged into a river.

    He said he has refused to use the siren because it is part of his job to move traffic and using it will mean escaping and leaving the tax payers who employed him to bail themselves out.

    He also spoke on his experience in terms of traffic infractions with some members of the Armed Forces.

    Those examples, he said, did not typify who the members of the Armed Forces are truly but just a case of “a bad event on a bad day”.

    He said in several democracies, the Military have been responsible for fashioning democracy citing the example of George Washington who was formerly a soldier before becoming an elected President.

    On commercial motorcycles, Fashola said several people have lost their lives, limbs, arms or become maimed through the reckless activities of the operators.

    He said the new traffic law has prescribed that the motorcycles cannot ply the major highways like Lagos- Badagry Expressway, Third Mainland bridge, Ozumba Mbadiwe road and selected roads and bridges.

  • Glo to rock Ojude Oba festival

    Globacom has reiterated its commitment to re-position the Ojude Oba festival celebration in order for the annual cultural fiesta to attract investments in tourism in Ijebu land.

    Speaking at the pre-event press conference at the Awujale’s Palace in Ijebu Ode, Ogun State to herald the 2012 edition, which holds on 28th October 2012, Head of Marketing, Globacom, Mr. Adeniyi Olukoya, said that firm is committed to the success of the festival.

    He reassured that it will introduce some exceptional milestones that would stimulate local and international investment in tourism in Ijebuland and Ogun state.

    According to him, Globacom recognised the “Ojude Oba festival as a social melting-pot where all divergent issues affecting the growth and lives of the people in the community are discussed; where the ijebus both home and abroad congregate as brothers and sisters and share similar ideas of bringing developments to their community.”

    The secretary of the Ojude Oba 2012 Planning Committee, Alhaji Kayode Alatise, expressed appreciation to Globacom for partnering with the planning committee for seven consecutive years, noting that the company’s participation had raised the bar of the festival to a world class convergence of people and ideas.

     

  • Aba holds int’l trade fair in November

    The Aba Chamber of Commerce, Industry, Mines and Agriculture (ACCIMA) in conjunction with AIITEX consortium will be organising the first international trade fair in the city from the 12th-22nd of November 2012.

    The trade fair will offer producers resident in the commercial city of Abia state the opportunity for them to also attract international recognition and allow foreigners the chance to see what people in Aba can produce for export.

    Speaking at ACCIMA office in Aba, the chairman of the trade fair organising committee, Philip Ekwempu, said that the trade fair is mainly to announce the return of economic activities in the once boisterous commercial city east of the Niger.

    Ekwempu said that some years ago that kidnapping and other violent crimes forced many manufacturers to flee from the city, “Now security has been restored through the doggedness of the state governor, Chief Theodore Orji, and people need to know that Aba is functioning again.”

    In his own speech the president of ACCIMA, Eleanya Agu Okoroji, said that the Abia State chapter of the Chamber of Commerce will ever remain grateful to NACCIMA for granting them the right to host the international trade fair in the state.

  • 24 hours at Ikoyi Marriage Registry

    24 hours at Ikoyi Marriage Registry

    The Federal Marriage Registry, Ikoyi, Lagos is unarguably Nigeria’s most patronised registry. Taiwo Abiodun spent a day watching proceedings.

    As early as 7am, the Federal Marriage Registry, Ikoyi’s compound had started receiving visitors from all walks of life. It’s the dawn of another business day. By 8a.m. the premises had become jam-packed with a crowd of intending couples, relations, friends and well wishers. In and outside the premises were hordes of exotic choice cars decorated with ribbons and tagged About To Wed or Just Wedded in place of their number plates.

    Some of the cars, however, had no decorations, they remained simple or rickety with no indication that they came to the registry. As some couples were disembarking from their exotic cars and stepping into the compound others too strolled in to consummate their wedding and tie the nuptial knots. The Event Halls in the compound were filled to the brim by those who came from all corners of the country. It was a Thursday.

    Tying the knots

    In a jiffy, the hall of the registry and the compound were filled with friends, family members and well-wishers bearing their gift items to present to the newly wed couples who either wore their English wedding gowns and suits or were there in their traditional dresses. While the Registry officer was announcing the next number of intended couples to come in and perform the “ritual’’ one after the other, their families happily followed them into the inner room where they would be joined together and become husband and wife!

    While some of the well wishers were dressed in fanciful traditional attires others were in uniform known among relatives as aso ebi. They added colour and panache to the occasion. In their happy mood and joyous moment the well wishers danced along with the newly weds, singing praises to the Lord who made the day to come to pass without any hitches. To liven the occasion and pep it up dancers and traditional drummers who are officially attached to the Ikoyi Registry joined in the celebration with their native drums, and beaded gourds [sekere] and gongs drumming, singing praises of the couples. They sang to high heavens and the shouts of Hallelujah rent the air. The couples and well -wishers in return ‘sprayed’ money and pasted different naira denominations on the fore heads of the drummers and dancers who entertained and thrilled them. While the official photographers attached to the Registry also took photograph of all. Officials of the Central Bank of Nigeria who launched campaign against what they called “abuse of the naira” may perhaps need to pay a visit to this place to see how our currency is treated.

    The Registry is the ultimate leveller. Both the high and the low of different status, different ages and from all ethnic groups and nationalities assemble to sign the dotted lines, after saying the usual “I do’’. After this ritual, the couple would hug, kiss and take photographs with their family members and well wishers. All these protocols over, the merriment go into full gear.

    Some of the couples in their happy mood would display their wedding certificates!

    Throughout the week there are no dull moments. In fact, one is tempted to ask whether it was a weekend or not, for it was all fun throughout. The idea of holding weddings at weekends has become a thing of the past as weddings are consummated from Tuesday through Saturday! Outside the Registry is a big billboard which is the centre of attraction of all patrons. Many eyes are focused on the bill board as they turned it to a model house or studio taking several photographs at different postures. The young and the old irrespective of their ages posed in front of the bill board. Many of the couples posed in front of the billboard as evidence of their presence at the Federal Registry, Ikoyi, which is believed to be the only Registry with authentic and recognised marriage certificate outside the country.

    Photo opportunities

    The question on most lips is: Are all these wedding ceremonies genuine? How do we know the real ones? What is the intention of the new couples? And why did they prefer Federal Registry, Ikoyi to the ones runs by local governments? Questions in search of answers.

    However, investigation reveals that most of all these wedding ceremonies were consummated for one reason or the other, while very few are genuine, others are said to be ‘arrangee ’, fake and full of insincerity and deceit as there is a motive behind most of them. But deep in the couples’ minds they know what they are doing! To cap it all, with serious scrutiny and for someone with eagle’s eye one could observe how and why the newlywed after signing the dotted lines or after the wedding event struggle to take photographs of different postures and pose with the giant billboard placed at the entrance of the hall and making sure the words on the big billboard : Federal Marriage Registry, Ministry of the Interior Ikoyi –Lagos is conspicuously seen.

    Welcome to the Federal Registry Ikoyi, where marriage activities take place four times in a week. It is considered to be the Marriage Registry that attracts more clients than any other one in the country!

    Posted on the office boards of the Registry are: passport photographs and information about the intending couples bearing their names and addresses, status [single or divorced], and religious affiliation. All these are conspicuously displayed on the notice board. According to one of the officials of the Registry, this is the first step to inform the public of the couples’ intention to get married. This must be displayed for a mandatory 21 working days. This is to allow any member of the public with any objections to the marriage to state so. This, according to the official is very important. “On the notice board here, one could see intending couples from different professions, ages, and status (i.e. divorcees or singles). This is necessary in case there may be any objections to it , so 21 working days is enough to inform the public of their intention to get married,’’ a male official told The Nation. However, how effective this is yet to be seen. For instance, a person living in Badagry that comes to Ikoyi to wed may not get any objection within the stipulated 21 days because he/she is not in a place where he/she is known!

    At the Registry there is more than meets the eye. Take the case of a woman who is about 60years old planning to be the wife of a 35- year old bachelor or a man of 55 who is marrying a 20-year -old girl!

    ‘Arrangee’ marriages

    Many who come to the Registry for one purpose or the other reduce their age, and many of the intending couples are either of the same blood or they are from the same parents but needed to ‘perfect’ their travelling papers with their ‘husbands’ or ‘wives’ to enable them travel abroad.

    An, old man, Mr. Yemi [not real name] who came as one of the witnesses for the wife could not stop laughing seeing a ‘couple’ whose husband could either be 30years older than his wife. The old man burst into laughter and said “All these fake marriages are done just to have access to travelling documents, now people have been forced to bear all sorts of names to reflect the names they gave the whites and over what they are going for.’’ Another man who came to celebrate with a couple interjected, “It is not new, we are used to it,” the two again burst into laughter.

    As the clerk calls another number for the couple to come into the inner hall, to go and sign the dotted lines the well wishers burst into songs while the officials seized the opportunity to squeeze money out of the couple and family members asking them to dole out money meant for different kinds of celebrations such as money for special prayer (owo adura), money from well wishers, among others.

    The most surprising thing is that the ages of some of the couples, especially the brides are either under-aged or too old for marriage, while some of the grooms are either very old or too young to marry the bride. In a nut shell, some are of no match. Some are even blood relations as they look alike and from their conversations one could notice the relationship between the intending ‘couples’.

    According to the officials in the Ministry of Interior, there are some prerequisites which all intending couples must fulfill before they are joined together as husband and wife. The official who does not want his name mentioned said, “For a couple living in the country, they must pay a fee of one thousand naira and this has to be paid into the bank. Later they would pay N5,000 for the oath of marriage and that is the financial aspect of it. However, for the intending couple living abroad and who wants to come home to marry legally here, they must bring their documents revealing their status and their identities for example, whether the man was a bachelor, and to affirm the woman’s status as a spinster too. They must also in addition bring their birth certificates of which must be from the National Population Commission [NPC], certificate of origin, a bio data page of their international passport and evidence of living in United Kingdom or wherever they live. They must also bring along SOA [Seen On Arrival] and which must have been stamped at the point of entry at the airport, all these must be in coloured print. On the financial aspect of it, the sum of N34,000 must also be paid along with it, while another N20,000 has to be paid for the approval to the administration, all the money to be paid. in a specified banks.

    “If anyone of them had divorced , he or she must bring proofs like Nissi, which is the first divorce letter given to any one of them and [this is the divorce letter given to a party to think about the intended divorce for three months in case they might want to change their minds] while another divorce letter called ‘Absolute divorce’ will be presented, before the wedding takes place, if the couple have both divorced they must bring their divorce certificates.’’

    The official continued, “An amount of N1000 is paid to the Registry if the wedding is to take place during the week days [Wednesday, Thursday, and Friday] but if it is on Saturday the couple will have to pay N3,500 only, since it falls on weekends.

    About 50 intending couples are joined together in a day. Each intending couple is called upon one after the other. And sometimes they finish at 3pm depending on the number of couples that booked for their wedding on that day.

    A man confided in this reporter and said,“ I had been here over six hours and my sister who came from America was yet to be called to the room to sign the dotted lines, her husband whom she had married for a long time cannot join her in the US because of marriage certificate, they have done the traditional wedding but the embassy demanded for marriage certificate which must be from the Federal Ministry of Interior .That is the reason why his wife had been in the country and his wife who is my sister will soon go back to file for him since this is the only acceptable and recognised certificate outside Nigeria .’’Another lady who came with another couple said “We came all the way from Alimosho local government to do this wedding here, because the Embassy demanded for wedding certificate and that is the evidence of marriage .’’ She added “You can see how people are using style to pose with the signboard of the Ministry , this will convince the oyinbos the more, and that is what they want.’’

    Another couple who many believe are brother and sister, because of their striking resemblance, could not stop people from laughing when they could not hug as husband and wife! They struck a wrong cord as husband and wife.

    Another scene that sent everybody reeling in laughter was a ‘couple’ which when asked to hug themselves, only pecked each other’s cheeks! In a hushed tone someone from the crowd said “This wedding na wa o, just to have access to America!’’

    Since some of the marriages last for a few hours and in order to save cost most of the items brought are rented! Items such as wedding gowns, men’s suits etc. These go for between N5000 and N8,000 while flowers are provided for a fee of N500, a wedding gown is rented for between N5,000 and N8,000.

    A woman who rented out wedding gowns said categorically that “There is no need of going out there to sew a wedding gown for huge amount of money when one would use it for only few hours! Our business is to rent out the wedding gowns.’’

    Worn -out wedding gowns

    Interestingly some of the wedding gowns have become brown and dusty, they are no longer white and sparkling, showing that they had seen good old time and overused. That is not all, the men’s suits are of different sizes and hues. For this too, grooms can pay as little as N4,000 to rent one.

    The entertainers had FMR boldly written on their uniforms showing they are registered officials working in the vicinity of the Registry. On how much they charge, one of them said “We don’t charge, we collect whatever they give us and we make our cool money here.”

    True to what this reporter was told, immediately after the wedding, some of the brides removed their rented gowns, and changed to what they wore to the venue.

    They have achieved their aim and are no longer in need of the wedding apparel; they have taken pictures with them and posed with the signboard of the Registry in order to add it to their travelling documents!

    The day is over and the wedding is ended. Thus ended the reporter’s day at the country’s most -famed marriage registry!!!

  • Ondo Election: Commissioner, LG Chairman arrested

    Ondo Election: Commissioner, LG Chairman arrested

    A Commissioner in Ondo State and Local Government   Caretaker Committee in Ondo North Senatorial District have been arrested with some weapons  by soldiers at a road block.

    The have been reportedly driven to an unknown destination by the soldiers monitoring the gubernatorial election in the state today.

     

     

  • Fresh killings at UNIPORT’s host community

    Fresh killings at UNIPORT’s host community

    Barely two weeks after four undergraduates of the University of Port Harcourt (UNIPORT) were murdered at Omuokiri-Aluu, three persons including another student of the institution have been shot dead at Choba, one of the university’s host communities.

    Also killed in the Thursday night incident were the student’s girlfriend and a young man who had just completed his national service in Port Harcourt.

    There is uneasy calm in UNIPORT’s host communities, especially Omuokiri-Aluu, Ikwerre Local Government Area, Rivers State, over threats of reprisals by kinsmen of the four students who were lynched on October 5.

    The three latest victims were shot at close range at about 10 pm on Thursday by unknown gunmen driving a sport utility vehicle (SUV).

    The names of the victims were unavailable at press time.

    It was learnt that the deceased persons had gone out for a drink to celebrate the passing out of the NYSC member , but on their way back rammed into a shop with their car.

    It was gathered that the owner of the shop accosted the occupants of the car.

    An argument soon ensued between the two parties and in a matter of minutes, the gunmen arrived the scene and opened fire on the trio.

    They then zoomed off without taking anything from their victims.

    The Public Relations Officer of the Rivers State Police Command, Mr. Ben Ugwuegbulam, a Deputy Superintendent of Police (DSP), confirmed the incident, but said he had no details.

    The Deputy Registrar (Information) of the university, Dr. Williams Wodi, in a telephone interview yesterday said: “After the protest of October 8, UNIPORT was shut on October 9. I am not in a position to comment on students who ought to be in their parents’ homes. We are awaiting police reaction.”

    Meanwhile,Omuokiri-Aluu where four students of UNIPORT were murdered on October 5, is tensed following alleged threats by kinsmen of the murdered students to attack the community.

    The victims, Biringa Chiadika Lordson (20), Year Two, Theatre Arts, U2010/1805036; Ugonna Kelechi Obuzor (18), Year Two, Geology, U2010/5565149; Mike Lloyd Toku (19), Year Two, Civil Engineering, U2010/3010094 and Tekena Erikena (20), a Certificate student in the Faculty of Education, were lynched for allegedly stealing mobile phones and laptops.

    Spokesman for the umbrella organisation of Aluu Clan, the Ogbakor Aluu, Mr. Garshon Benson, said the threats to attack Omuokiri-Aluu were real.

    Benson urged security agencies to be alive to their responsibilities, with a view to preventing further destruction of lives and property.

    Two of the lynched students hailed from Okrika in Rivers State.

    The murder sparked a massive protest at Choba Junction on the East-West Road on October 9.