Tag: boss

  • Exit, boss of the bourse

    •Hayford Alile, an apostle of integrity in the spiritual and temporal realms, departs in a blaze of glory

    Apostle Hayford Ikponmwonsa Alile, who just passed away, was a classic example of a citizen taken care of by his country and who, all his life, served in different capacities, diligently paying back that same country.

    Had everyone of his generation been blessed with the Alile temper, perhaps Prof. Wole Soyinka, another leading light of that generation, wouldn’t have dismissed them all as a “wasted generation”.

    As director-general and chief executive of the Nigerian Stock Exchange (NSE), spiritual leader of St. Joseph’s Chosen Church of God International, Benin City, and Empathizer-in-Chief at the Hayford Alile Foundation, to cater for the less privileged, Alile gave his all to his country and compatriots. Nothing less was expected of a patriotic soul.

    Yet, his country had earlier taken good care of him. Gaining admission into the University of Ibadan (UI) in 1962, he earned four scholarships: one, UI scholarship for the top 10, on the nationwide matriculating students’ merit list, for 1962 (he was fifth on that perking order); two, from Loyola College, his secondary school, to go study at Cock University, Cock, Ireland; three, from the Federal Government, for his dazzling brilliance; and four, from the Western Region government, before the creation of the old Midwestern Region.

    In an interview with Vanguard, the late Alile spoke of his golden memories of UI, the life of scholarly comfort, radical student politics and general excitement, as secretary-general of the National Union of Nigerian Students (NUNS), precursor of today’s National Association of Nigerian Students (NANS), reeling off NUNS’ activism during the 1963 census, and the anti-Anglo-Nigerian Defence Pact protest at the Parliament in Lagos, as the young and newly independent country hobbled, in early mistakes and teething problems.

    He also spoke of his fond experience at Loyola College, Ibadan, where though the second smallest pupil among the college’s first set, his principal made him a prefect and recruited him as a teaching staff, only two weeks after passing out — so sure was the man that the young Alile would clear his papers, which he did.

    But Alile would burst on the Nigerian public consciousness, with his stellar exploits as top dog at the NSE, where he was director-general and chief executive from 1976 to 2000. It was a delicate period of Nigeria’s transition from state-led economy to a market-led one. Whatever NSE has become today — its present operational headquarters at the vortex of Nigeria’s financial district in Lagos, the automation of its trading, which has greatly boosted international access into NSE’s share trading and the launch of the NSE All Share Index — carries Alile’s imprimatur.

    Gushed Oscar Onyema, present NSE chief executive, in a tribute to Alile’s memory: “Apostle Alile’s contributions to the capital market and organised private sector will continue to be referenced. He was indeed a visionary leader, whose  foresight  and impact on the operations of the NSE remain evident several years after the end of his tenure as D-G of the Exchange.”

    But leaving NSE in 2000 wasn’t the end of living for the famed apostle. Leaving the management of shares, with his apostolic probity and integrity, he moved onto something more spiritual, as Spiritual Leader of St. Joseph’s Chosen Church of God, Benin City. On the more secular though humanitarian lane, he set up the Alile Foundation, to care for the less privileged. His spiritual career dates back to a miraculous healing of his mother, by a spiritual church, when all hope seemed lost; even if neither of his parents was even a converted Christian then!

    But the foundation, from what two of Alile’s eight children told The Punch, is no more than the structured version, of the Alile family charity and compassion tradition. The junior Aliles revealed that as growing children, they were part of the family cherished practice of sharing their munificence with the poorer folks.

    Alile died a doting father and fulfilled family man, a corporate man of integrity and a spiritual head that lived strictly by the example of his teachings. He was a model citizen, to whom not a speck of scandal was traced, throughout his long and illustrious public life, in the Nigerian private sector. Like the full barrel that makes no noise, illicit self-projection was also not his style.

    A towering Nigerian has departed, a fit and proper study, for youths in search of role models. Whence comes another?

  • Ex-NDPHC boss to float power firm

    The former Managing Director, Niger Delta Power Holding Company (NDPHC), Mr. James Olotu has disclosed that in partnership with the best brains in the power sector, he is floating a company counting on the team’s longstanding intelligent base, human relationship, energy, power and trust.

    He told a select journalists in Abuja that he is the chairman of the firm, which is known as Innovest Solution Limited, that will be providing solutions to Nigeria’s issues.

    Asked to state the capital base of the company, Olotu said that “You don’t really need much money except to have the intelligent base and the human relationship, energy and power and the trust which you have invested in for so many years.”

    He revealed that the firm is already discussing with a state governor that wants to build a 500mw plant, deep sea port, a fertiliser plant, etc.

    According to him, since the firm and the state government do not have the money, it has manpower in different fields  and could approach international investors to inject their funds into the project base on confidence.

  • Reinstatement of NHIS boss

    SIR: The reinstatement of the suspended Executive Secretary of the National Health Insurance Scheme (NHIS), Professor Usman Yusuf, on the orders of President Muhammadu Buhari, has generated a lot of controversy. Yusuf was suspended by the Minister of Health, Professor Isaac Adewole in June 2017, following allegations of gross misconduct, nepotism, and theft of public funds to the tune of N919 million.

    Labour, Civil Society Organizations and opposition parties, have condemned the president’s action, citing it as another example of his penchant for nepotism, favouritism and clannishness, and a dent on the government’s anti-corruption war. Supporters of Yusuf and apologists of the government have on the other hand, claimed that most of the allegations against him are unsubstantiated, full of alterations, mix up in dates, and based on bias.

    The consequences of the president’s action are too numerous to mention. Reinstating Professor Yusuf without recourse to the minister who suspended him renders the minister impotent and promotes insubordination both in the health ministry and in other ministries. Investigations by the EFCC and other investigative bodies would be jeopardized as evidences would be tampered with, and potential witnesses threatened, sacked or redeployed. Another fallout from this saga is that the NHIS boss is now independent of the control of the minister and would be reporting directly to the president. The minister would also be reluctant to act on issues involving NHIS and would rather stay aloof. More so, Yusuf would have no genuine respect for his boss, Adewole.

    In other climes, Professor Adewole would have resigned his appointment but not so in Nigeria. Abroad, when people leave government, they go into high paying jobs in the private sector. In Nigeria, the reverse is the case because the public sector pays more than the private sector. I doubt if he would be able to resist the pressure from family, friends and well wishers not to throw in the towel, because of the “benefits” that they derive from his occupation of such high office.

     

    • Peter Ovie Akus,

    Ifo, Ogun State.

  • Mushin council boss unfolds agenda

    The Chairman of Mushin Local Government Area, Lagos State, Hon. Emmanuel Bamigboye, has said his administration will place a high premium on integrity, dedication, equity and hardwork.

    He said the new administration will embark on progressive programmes, including massive infrastructural development.

    Addressing staff, political supporters, market men and women and others stakeholders, following his resumption of office,  Bamigboye said he would focus on environmental sanitation, education, women and youth development, poverty alleviation and market development.

    He said security of lives and property and aggressive internal revenue generation will also be his priorities.

    He therefore, solicited the support of the stakeholders to bring these lofty ideas to fruition.

    The council boss waived the olive branch to aggrieved All Progressives Congress (APC) members, urging them to team up with his administration in its bid to deliver the dividends of democracy to the people.  to enable them

    He reasoned that as a party, all hands should beon deck to actualize the promises.

    Bamigboye said: “As the government that is the closest to the people, local governments are better placed to bring the desired change to the doorstep of Nigerians.”

    Bamigboye said it was gratifying that Governor Akinwunmi Ambode had set the ball of providing democracy dividends rolling at the state level, saying it was was worthy of emulation.

    He said Mushin local government under his leadership will take a cue from Ambode leadership to deliver democratic dividends to the grassroots.

  • Govt to replace kerosene with gas, says NNPC boss

    The Federal Government is planning to make liquefied petroleum gas (LPG) the primary domestic fuel for cooking.

    The aim is to de-emphasise the use of firewood and kerosene and reduce the health risks of the two traditional sources of cooking.

    The government is relying on the Nigerian National Petroleum Corporation (NNPC) and the Nigeria Liquefied Natural Gas Limited (NNLG) to achieve this goal.

    In a statement, NNPC’s Group Managing Director Dr Maikanti Baru said the need to replace firewood and kerosene with LPG was imperative to reduce health hazards and death.

    The corporation, he said, would  leave no stone unturned in increasing the use of cooking gas by individuals and industrial concerns.

    He said Indonesia had succeeded in kerosene substitution, stressing that NNPC is looking forward to cooperating with Indonesia to achieve a similar feat.

    Baru said: “The Nigerian National Petroleum Corporation will also like to partner with Indonesia and other countries in the area of bio-fuels production in order to diversify the nation’s energy mix for growth. Already, the Corporation has launched a campaign on deforestation  to reduce tree felling and its attendant depletion of the ozone layer.”

    At a stakeholders’ forum in Abuja, NLNG’s Managing Director, Mr. Tony Attah, said the company was planning to increase LPG to increase the product’s accessibility.

    He said Nigeria LNG would increase the penetration and market share of LPG by 32 per cent from 400,000 metric tonnes per annum (MTPA) to three million MTPA in five years, as part of efforts to make more Nigerians use the product.

    A study by the company showed that the country must increase LPG production by 32 per cent, adding that given the right condition, the firm would achieve this goal soon.

    “It is expected that an aggressive and well-coordinated market expansion strategy should lead to the growth of the Nigerian LPG market at annual rates of up to 32 per cent from the current level of over 400,000MTPA to over  three million MTPA in five years with a potential increase in per capita consumption from approximately 2kg to over 12kg, well above the sub-Saharan average of 3.5kg per capita,” Attah said.

    The NLNG chief said the gas giant had taken up the drive to improve LPG use in Nigeria, adding that its efforts must be complemented by the government to ensure the market peaks in line with the estimate revealed by its study.

    On the subsector’s problems, Attah said dearth of investments in LPG reception facilities and supply infrastructure, onerous fiscal regime and regulatory environment, such as the imposition of Value Added Tax (VAT) on LPG produced in the country, among others, were inhibiting the growth of LPG ‘ market.

    He urged the government to remove fiscal and regulatory bottlenecks to create a conducive business environment for private sector investment in all segments of the value chain.

    “The removal of VAT on LPG as well as taxes and duties, concessions for LPG equipment and cylinders must be at the top of the priority list for the government,” he said, adding that more people would use LPG in the country when these problems are resolved.’’

  • Bayelsa ANA boss bows out in style

    Bayelsa ANA boss bows out in style

    A prolific writer, Michael Afenfia recently bowed out as the Chairman of the Association of Nigerian Authors  (ANA), Bayelsa State chapter. During his reign, poetry poured in torrents to wet Ijaw land; prose cracked the endless walls of papers and drama was never in short supply.

    Afenfia undoubtedly proved his mettle leaving big shoes for his successor and first female chairman of the association in the state, Mrs. Bina Nengi-Ilagha to step in. The new chairman is the wife of Nengi Josef Owei, an author of many interesting and sometimes controversial epistles, one of which once got him into jail.

    The former chairman, an unassuming, soft-spoken and articulate orator wrote his name in gold. He ushered in an era of seamless literary activities, which kept the genres of literature burning in the hearts of the initiated and uninitiated. The period resurrected and resuscitated the works of art and celebrated accomplished writers from Ijaw extraction.

    In fact, fresh young writers emerged on literary stage; old accomplished ones got their grooves back and persons who exited the literary world came back with big bangs. Many award winning events were held to reward outstanding writers in the fields of literature. It was a source of motivation that wired literary spirits in the state.

    Indeed, Afenfia bowed out in style. He organised a unique poetic event that brought award-winning and experienced poets to Yenagoa, the state capital. The event, which was held recently, showcased literary talents in a deliberate effort to make the state a preferred destination for literature. A globally celebrated poet, Amu Nnadi, was made the focus of the event.

    Nnadi, whose latest collections of poems, the Field of Echoes, has been receiving global accolades, brought a team of budding literary talents to add colour to the Bayelsa event. In a crowded hall, the poets, who accompanied Nnadi from Port Harcourt, Rivers State, thrilled their audience with performances.

    But Bayelsa lived up to the occasion. The state had many talents on parade. Their voices wafted sonorously from the stage compelling their audience to listen in tranquillity.

    Nnadi shared his experience of how he rose from his dislike to poetry to become a celebrated poet. He also performed a poem he wrote to immortalise the late former Governor of Bayelsa State, Chief Diepreye Alamieseigha. In fact, he was a pillar of motivation for rising literary stars in the audience.

    Indeed, the event, a Special Poetry Reading Featuring Amu Nnadi, was a memorable parting shot organised by Afenfia. The outgone chairman said the event was in line with his vision when he took over the mantle of leadership of Bayelsa ANA.

    He said: “When we took over, we sat down and thought of the direction to take ANA Bayelsa in the next  two years. Two things were prominent for me. The first was the ability to identify young talents and mentor them.

    “We have had a couple of events that involved children in secondary and primary schools. Only recently we got two teenagers from Bayelsa to represent the state at the national event in Niger State Minna. On that front we have recorded some measure of success.

    “The second thing was to make Bayelsa the capital of literature, the capital of poetry, prose and drama in Niger Delta. If we didn’t achieve that goal in the first one year or second year, we have accomplished it today with this event because we have succeeded in bringing out everybody in Bayelsa who is a poet.

    “We have even brought an award-winning poet all the way from Rivers State to be with us here today. It is worthy of commendation. But ANA Bayelsa will not take the glory alone because we have a lot of associations working with us”.

    Afenfia also said his leadership conceived the idea of building fun into all their literary activities. “We also dreamed of bringing an element of fun into what we do as creative people. Something connects us and one cord unites us and that is our love for poetry”, he said.

    He said the event was first in the history of the state. He said it brought all the poets and people with creative minds in the state to share their talents and pass a message that Bayelsa is a home of creative talents.

    Afenfia said: “Bayelsa is more than the negative that is sometimes portrayed about the state. We are more than kidnapping, armed robbery and the militancy that takes place in the creeks.

    “This is what we are, the talents displayed today, the messages behind the poems and presentations. It is the Bayelsa story that we are telling. A couple of weeks ago, we celebrated Gabriel Okara at 96 and people were like whether there would be a renaissance of poetry again in the state.

    “But this event has answered that question definitively. Bayelsa is blessed with abundance of talents and that is the story that we should begin to tell. People go to UK to watch football matches because they have created an industry out of soccer.

    “We want to create an industry out of the talents that God had given us. So that people can pay money to come to Bayelsa and watch these talents and become entertained, informed and educated.

    “We did a lot of things with young people. We had a lot of competitions where talents were mentored. Beyond the dinners, award ceremonies, those times we went to school to organise competitions for them, those times we identified talents and made them a part of us are our greatest achievements”.

  • Pharmacist arrested for ‘plotting’ boss’ kidnap

    A pharmacist, identified simply as Emeka, has been arrested by the police for allegedly masterminding the kidnap of his boss, Donatus Duru.

    Duru, owner of a pharmaceutical company at Ilupeju, was kidnapped in February by a group which refused to release him even after collecting a N150million ransom.

    The Evans Gang, it was gathered, demanded one million Euros as ransom or he would be killed.

    Since the payment of the N150 million, his family has been begging for his release to no avail.

    But on Friday, Duru reportedly came from his kidnappers in Igando and ran to the police.

    Before his escape, policemen attached to the Anti-Kidnapping Unit and the Inspector General of Police (IGP) Intelligence Response Team (IRT) had been combing the creeks for him.

    He was said to have described the Igando den to policemen, who stormed the place and arrested two members of the gang last Saturday.

    The operatives also rescued a Caucasian man chained to a pole and recovered four AK47 rifles, two English made pistols, 60 magazines and about 60,000 live ammunition.

    A police source said the victim claimed he overheard Emeka’s voice in the den few days after he was kidnapped.

    He said: “The victim said that few days after he was kidnapped, he overheard the voice of pharmacist Emeka, who has been under his employ for long, discussing with his kidnappers in an adjoining room. He said he heard him asking members of the gang keeping watch over him whether they had contacted members of his family.

    “Subsequently, he kept on coming and giving directives to those keeping watch over him where he was chained on the leg and blindfolded inside one of the rooms in a flat.

    ” A few days before his escape, the victim said Emeka came and re-assured them that he had signed all the documents for the release of goods worth about N7million from his warehouse and also came the next day, Thursday to boldly question why they had not killed him as agreed.

    “He reportedly left after he was assured that they would carry out the killing by next Friday. At this stage, the victim said he gave up hope of freedom and was waiting for his death sentence to be carried out.

    “However, early that Friday morning, he was able to unchain himself while his captors were deeply asleep with their guns. He escaped through the back door, landing in the next compound, where a security guard jumped at him and branded him a thief.

    “He said that after narrating his story to the guard, he told him to wait but he did not see him again after waiting for a long time. Later, he sneaked out of the compound and hid in an obscure corner as he was unable to go further because of the sprain he had on the leg after jumping down from the high fence wall.

    “Around 5am, he saw some passersby and ran out to narrate his plight to them, pleading that they help him.  But, the people turned around to accuse him of being a thief and nearly succeeded in lynching him save for the intervention of one of them, who after listening to his story, insisted that they should call any of his relations for confirmation.

    “Luckily, they did and later took the badly wounded victim to Igando Police Station.”

    But another source claimed that Duru had gone into hiding for fear that the fleeing gang members may come after him and his family.

    The source claimed that the police failed to take the man into protective custody.

    It could not be ascertained if the kidnappers’ hideout had been sealed off and the building owner identified.

    Police Commissioner Fatai Owoseni confirmed the arrest of the two suspects, describing their arrest as “a huge success in crime busting”.

    He said: “The Evans Gang has been on the wanted list of many police commands for the kidnap of high profile Nigerians. They have engaged in a lot of atrocities, and so, it was a good one that two of the members were caught. We didn’t get Evans but he would be gotten soon.”

  • New Censors Board boss sues for cooperation

    New Censors Board boss sues for cooperation

    •Pays homage to film marketers, veterans, others

    From a personal meeting with motion picture veterans like Chief Eddie Ugboma, Igwe Gabriel Okoye, aka Gabosky, and Mr. Mahmood Ali-Balogun to the leadership of associations such as Film and Video Producers & Marketers Association of Nigeria (FVPMAN), Yoruba Video Film Producers/Marketers Association of Nigeria (YVFPMAN), Association of Movie Producers (AMP), National Association of Nigerian Theatre Arts Practitioners (NANTAP) and Mr. Bond Emeruwa, Chairman of Audio-Visual Rights Society of Nigeria (AVRS) among others,  new Executive Director of the National Film and Video Censors Board (NFVCB) Alhaji Adedayo Thomas is closing ranks with stakeholders in the motion picture industry with a speed akin to that of the latest installment of ‘Fast and Furious’ series.

    “The E.D of Censor Board is in Abuja, I have come to you as Adedayo Thomas, and I’m glad to be back to my first constituency,” he would say to his hosts.

    The son of an Oxford-trained father and an illiterate mother, but richest woman entrepreneur in Oshodi (both late) noted that his years of entrepreneurial practice and tutoring would be brought to bear, on the ‘ailing’ and N317million-indebted Censors Board he met on ground. “But I cannot do it alone. I lay no claim to total knowledge of the solutions to this aspect of film business. That is why I have come to you. Government is not meant to kill creativity and businesses with its policies, but to give them the right grounds to fester. Therefore, your successes as entrepreneurs are our success. When you make it big, all we need from you as government agency is ‘little change’ to survive.

    Adedayo sued for cooperation of the film marketers and distributors with the Censors Board, decrying the present norm where by about 70 percent of films in circulation were not taken to the agency for censorship and classification.

    Recall that film marketers, in protest of some policies introduced by previous leadership of the Board have largely boycotted censorship.

    Adedayo however expressed optimism on turning the fortunes of the Board around, with the cooperation of all stakeholders, saying, “I want to celebrate 90 days in office with stories of new successes, rather than the traditional 100 days in office that others celebrate.”

    The NFVCB helmsman who assumed duty at the Board’s Headquarters in Abuja on Friday, April 7, made his first appearance at the Lagos office last Tuesday, during which he urged staff members to think out new ways of generating revenue for the agency, harping on effective revenue drive that would not pose a burden on the stakeholders.

  • N2.8bn Fraud: Trial of Ex-NBC Boss, Mba, Others Begin

    N2.8bn Fraud: Trial of Ex-NBC Boss, Mba, Others Begin

    The trial of former Director-General of the Nigerian Broadcasting Commission, NBC, Emeka Mba, who is facing a 15-count charge of money laundering and procurement fraud to the tune of N2.8billion commenced on Tuesday with the Economic and Financial Crimes Commission, EFCC, presenting its first witness, John Ejim

    Mba is standing trial alongside a former Director of Finance of NBC, Patrick Areh; Basil Udotai (trading in the name and style of Technology Advisors) and Babatunde Amure (trading in name and style of Divine Partners) before Justice Gabriel Kolawole of the Federal High Court, Abuja.

    They were alleged to have at various times connived and transferred state funds to the tune of N2.9billion from the account of NBC through various proxies for personal gains.

    Mba was also alleged to have used his office as former DG to award contracts without following due procurement process.

    Ejim, an operative of EFCC, while being led in evidence by counsel to EFCC, Prince Ben Ikani, told the court that his investigation was an offshoot of a petition dated December 30, 2015, to the Presidency by one Okey Nwafor and copied to the Executive Chairman of the EFCC.

    “The petition alleged among others things: a diversion of proceeds of sale of 700Mhz of Spectrum to an account held by NBC in Zenith bank and that the amount diverted was illegally paid to 5 setup proxies and manufacturers under the digital switch platform”, he said.

    When Ikani sought to tender the document (copy of the petition) in evidence, Mba’s counsel, S. I. Ameh, SAN, objected, saying, “the witness cannot be examined on a document he did not make.”

    Also counsel to the second, third and fourth defendants  –  I. F Chude, P. Erukoro and Ikoro M. Ikoro respectively aligned themselves with the objection raised by Ameh, while Erukoro added that there was no evidence of stamp duty paid by the prosecution on the document as stipulated by law.

    Responding, Ikani noted that the witness, as an investigator, was only stating what led to the investigation and that in law, what matters is the relevance of the document tendered.

    In a bench ruling, Justice Kolawole overruled the objection saying, “the document sought to be tendered is relevant to the case” and admitted it as exhibit 1.

    Continuing, the PW1 said he invited the account officer as well as the compliance officer of Zenith bank who brought along the account opening documents in which it was discovered that Mba was a co-signatory to the account.

    “The documents revealed the deposit of a lump sum of N34.1billion and a transfer of N2.8billion from the said account to Technology Advisors.

    “We invited Emeka Mba and Patrick Areh to further interrogate them on the matter.”

    “I attended to Patrick Areh who volunteered his statement after I availed him a copy of the petition”, Ejim stated.

    Ikani sought to tender the document (2nd defendant’s statement) in evidence, but its admissibility was objected by Chude, who said that the statement was not voluntarily obtained.

    Justice Kolawole, thereafter, adjourned to March 8, 2017 for a trial-within-trial to determine the voluntariness of the statement.

  • Nigeria lost N2.1tr to militancy, says NNPC boss

    Nigeria lost N2.1tr to militancy, says NNPC boss

    Nigeria has lost over N2 trillion to militancy and pipeline vandalism since the beginning of the year,  Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Maikanti Baru has said.

    He said: “Over 7000kpd of crude oil has been lost due to vandalism this year. A bulk of the loss is from JV assets.

    “This implies that 60 per cent of oil production lost is NNPC-FGN equity. At an estimated price of $45 per barrel, the total 2016 revenue loss to the Federation Account translates to about $7 billion.

    “This loss is equivalent to a new 7,000mw power plant; new 350kpd refinery; over 30 per cent of national budget; and a new 1,700- kilometre pipeline,’’ he was quoted as saying by online newspaper Premium Times

    To resolve this, Baru said the NNPC planned to increase security of oil and gas assets, improve its community social responsibility and the amnesty programme.

    He added that the NNPC planned “to renegotiate terms of Production Sharing Contracts with deep offshore operating companies because with the current agreement, only 17.7 per cent of total revenue comes to government”.