Tag: conditions

  • Five states meet N90b loan conditions

    Five states meet N90b loan conditions

    • Disbursement starts next FAAC meeting

    Five states  have completed the process for obtaining the N90 billion budget support  facility being provided by the Federal Government to state governments while one state has opted out of the  loan scheme.

    Akwa Ibom State governor, Udom Emmanuel,  told State House correspondents at the end of the 68th National Economic Council (NEC) meeting chaired by Acting President Yemi Osinbajo.

    He was accompanied to the briefing by the Kaduna State Deputy Governor, Bala Bantex, Minister of Trade and Investment, Okey Enelamah, Special Adviser to the President on Social Investments, Mrs Maryam Uwais.

    The Federal Government had earlier given 22 stringent conditions for the states to satisfy before accessing the loan.

    Emmanuel, who declined to list the five successful states and the one that opted out, said the disbursement of the loan will begin during the next Federation Account Allocation Committee (FAAC) meeting.

    He said: “The Minister of Finance, Kemi Adeosun, also briefed the Council on the Federal Government’s N90 billion budget support loan facility for states at a per cent interest rate.

    “Five states have already completed the process for borrowing from the Presidential Budget Support Facility for States, which will help states to pay salaries and other pertinent emoluments. Others states are expected to proceed to tap from the facility.

    “Though I am not the Minister, I can throw more light on the question. The N90 billion is the same thing as I have mentioned. I wouldn’t want you to call it a bail out. I want to call it the exact name that it is.

    “What the minister explained was that first tranche of N50 billion bond will be issued and the N40 billion will follow to make N90 billion. It is just to make this available; it is not compulsory, what is important is can people have access to a lifeline? You see what is happening today is not peculiar to Nigeria as a country, you know the impact of the fall in crude oil price that has actually got to oil producing countries like Nigeria.

    “What we are looking at is what are the solutions, we must provide a lifeline for people to survive and to move on, I don’t think its too much.”

    On the five states that have scaled through and the one that opterd out, he said: “As at today, this window just opened; we don’t know how many will decline at the end of it. So I think we cannot actually answer that question prematurely so that we give you the actual fact but let me explain as the minister did here the other time. There is a reconstruction going on.

    “It doesn’t actually mean that states which will take this money does not have something acruable also from the Federal Government, pending the time we reconcile our book, the Federal Government may have some balances to settle the state government but in the meantime while we are awaiting for those reconciliation to be concluded, can we open up the window so we can have access to liquidity and implement our 2016 budget, I think that is the whole idea.”

    He also disclosed that the Minister of Finance reported to the Council that the balance in the Excess Crude Account (ECA) as at June 15 this year was $2.261 billion.

    The governor also said Council was informed that work was ongoing on the forensic audit with respect to ECA payment into Federation Account and Revenue Generating Agencies (RGAs).

  • How to handle rainy season conditions

    How to handle rainy season conditions

    A natural medicine practitioner, Dr Solomon Abutoh writes on the first question while Chief Executive Officer, Nature Healing Alternatives, Dr Leye Popoola, handles the second.

    Unlike what obtains in Europe and the Americas, where there are seasons, such as Autumn, Spring, Summer and Winter, the annual seasons in the tropical regions of the world are basically dry and wet seasons. The dry season runs from October to February while the rainy or wet season begins from March and ends in September. It may sometimes extend to early November. These two alternating seasons are what makes life go round for every living organism and humans.

    The Creator through nature has so programmed things in such a way that if only man would learn to adapt accordingly, follow the rhythm, then we would be the better for it.

    Just as a coin has two sides, so does the rainy or wet season have its advantages and disadvantages.

    It is very important for all Nigerians to keep warm during the rainy season. Man’s immunity, according to research, can be very low during the rains. Naturally, people can ward off some diseases by simply keeping warm.

     

    Advantages of the rainy season

    • Rainy season is undoubtedly a planting period. Plants, such as yams and cocoyams, as well as whole wide range of fruits and vegetables are cultivated and blossom. It also allows for large reserve of fishes within inland water ways, swamps, lakes, lagoons, rivers and even deep seas. This is as a result of expansion and rising of water basin, thus giving the fish room to roam, feed and even multiply. A visit to the coastal areas in August will reveal lots of smoked fish, cray fish, lobsters, crabs, oysters and the likes on display for sale. Thanks to rainy season. Rainy season also prepares the ground for planting , as the receding rains usually leave behind moist soil.

    Rainy season also provides a reservoir of life-giving water to trees and other plants well into the dry season, such that even when they shed their leaves, such trees remain standing and alive.

    • With the rains come increased or replenished sand volumes in coastal areas where people make a living from sand dredging for building purposes.
    • For areas blessed with alluvial diamonds, rainy season is usually the best time to prospect for this expensive natural endowment, which at times forms a major foreign exchange earner for countries so blessed.

     

    Disadvantages of rainy season

    • Rains are known to have caused massive flooding in cities, towns, villages, leaving in its wake destruction of lives and property. Some floods are irreversible. Some affected dams, bridges, farm lands, factories, residential buildings, schools and good roads. Homes, farms and business could be washed away by flooding occasioned by rain.
    • Mosquito parasites are known to incubate more during rainy season. Stagnant waters in gutters, bushy environment are breeding ground for mosquitoes. Malaria fever, a disease that continues to ravage Africa, and other populations within the tropical belt of the world, thrive during this season.
    • As human activities must of necessity go on, rain or not, the level of exposure to the effect of rain also comes with its own problems. For instance, colds and catarrh are very common during this period. There is arthritis among the aged population. Many also suffer asthma and athletic foot too.

    To cope effectively with the season however, the following tips must be followed:

    • Ensure the use of rain coats or mackintosh to cover the head and the body. They are important materials used to keep the body warm. Cloths should be worn.
    • Never expose your feet to rains, but make use of rain boots, or rubber shoes, which abound and are affordable.
    • Take warm bath after each exposure: and of course, hot beverages, preferably hot water with lemon. For those without allergy or stomach ulcer, spicy soups will also help.

    Rainy season is not a curse, rather, our preparations before it sets in, and our readiness and ability to adapt once it comes are what people need to savour the immense benefits of this season nature has kindly bestowed on mankind.

  • Strict conditions for N350b disbursement, says Fed Govt

    The Federal Government has warned contractors that every kobo disbursed under its planned N350billion to be injected into the economy will be guided by very strict yardstick.

    The government had promised to release the fund in the last month of the first quarter of of this year to kick start economic activities.

    Addressing contractors and procurement officers in Abuja yesterday at the Second National Conference on Public Procurement (NACOPP) Organised by the Bureau of Public Procurement (BPP), the Secretary to the Government of the Federation (SGF) Engr. Babachir David Lawal said injecting the cash into the economy imposes greater responsibilities to procuring entities, contractors and service providers. “Every kobo disbursed will be guided by the strictest yardstick,” he assured.

    Government, the SGF said, “attaches a great deal of importance to procurement which is a vehicle through which government must deliver on the infrastructure promised to the people. So it cannot afford to ignore what is going on in the procurement system.

    “The current administration has promised change to Nigerians, without setting limits to where its policies and programmes will make an impact. But we know that when the dividends of democracy flourish, it benefits all.”

    He said government is confident that the states stand to benefit from a public procurement system that is transparent, competitive, and efficient and one that is founded on accountability.

    The Acting Director, African Development Bank (AfDB),  Dr Andoh Mensah, in his goodwill message, said Nigeria’s public procurement needs to be updated to cover government procurement of security and defence contracts which are areas susceptible to abuse and corrupt practices.

    He said globally, procurement accounts for a substantial portion of national budget, but in Nigeria, “aggregate government procurement is about $40 billion annually, hence the public expects the governments to carry it out efficiently and with high standards of conduct in order to ensure high quality of service delivery, value for money and safeguard the public funds.”

  • Shi’ites give conditions to appear before commission

    •’Zakzaky must first be released’

    The Islamic Movement in Nigeria, otherwise called the Shi’ite group, yesterday demanded the unconditionally release of its leader, Sheikh Ibraheem El-Zakzaky.

    It said it was after this was done that it would appear before the judicial panel set up by the Kaduna State government to investigate the clash between it and the Army last month.

    Governor Nasir Ahmad El-Rufai last Saturday unveiled the names of the 14 members of the Judicial Commission of Enquiry to look into the clash.

    Shi’ite said its leader was the custodian of its documents and had to be released to direct it in preparing its memorandum and assembling witnesses to appear before the panel.

    It gave the condition in a statement by the President, Media Forum of the movement, Ibrahim Musa, in Kaduna.

  • Conditions worse under Fayose, say workers

    Conditions worse under Fayose, say workers

    Workers’ standard of living has gone worse under the administration of Governor Ayo Fayose, some public servants in Ekiti State have cried out.

    Acting under the aegis of the Enlightened Workers’ Forum (EWF), the workers slammed  labour unions for looking the other way when they are supposed to “fight” for workers.

    A statement yesterday by the EWF Coordinator, Mike Bamidele, urged the Nigeria Labour Congress (NLC), Trade Union Congress (TUC), Nigeria Civil Service Union (NCSU) and the Joint Negotiating Council (JNC) to “wake up from their slumber” and stop being government‘s puppets.

    The group claimed that about 60 per cent of workers received April salaries from that month’s allocation.

    “What happened to the balance of April allocation and the allocation for May because Ekiti workers are expecting a detailed explanation on these?

    “This is how the plight of Ekiti workers continues to assume a rapid slide from bad to worse, with no one championing their cause.

    “It even became more worrisome when a couple of days ago, the governor said he only owed May salaries.

    “Labour did not see any need to contradict him but what becomes of last September salary, the arrears of pensions and the leave bonus?

    “The Forum believes there had been enough controversies over this matter and it is  time the governor realised that the onus of payment rests squarely on his shoulders because there is no way he could inherit assets alone while he continues to shun the liabilities.”

  • Journalists assured of better conditions

    kano State Commissioner for Information, Comrade Mohammed Garba, has promised to facilitate the provision of the state-of- the-art equipment to media houses, to enhance efficiency in management.

    Garba, the outgoing president of the Nigeria Union of Journalists (NUJ), noted that there was need for the provision of modern equipment and facilities to media organisations, to compete with the global practice.

    The commissioner, who addressed reporters yesterday, decried the lack of modern equipment, not only in Kano, but in the country, stressing that his greatest challenge, despite the state’s prevailing financial constraint, was to ensure that media outfits were equipped with modern facilities “to assist our colleagues and ensure effective discharge of their responsibilities.”

    He said he was concerned about training and re-training of journalists, noting that the profession was dynamic, as a lot of changes were ongoing in the media, particularly the incursion of the social media.

    Garba stressed the need for the intensification of training and retraining of journalists, pointing out that “it is only by training and re-training that our colleagues can discharge their social responsibilities, as expected by the people and as entrenched in the constitution.

    “By virtue of my position as the former president of the NUJ, I am aware of the pathetic working conditions of journalists, not only in Kano, but in the entire country. I want to believe that I should be able to use my experience and influence to ensure that we better the lives of our colleagues, who are working in the state. I also thank God that I will work with a governor, who is media-friendly. I’m sure it will be very easy for us to achieve our goals and aspirations.”

  • Giving me conditions to join APC hypocritical, says Bamidele

    Giving me conditions to join APC hypocritical, says Bamidele

    House of Representatives member Opeyemi Bamidele has declared that he followed due process in joining the All Progressives Congress (APC).

    Bamidele in a statement yesterday by his media aide, Ahmed Salami, condemned the position of APC ward leaders in his hometown, Iyin-Ekiti, who listed some conditions to be fulfilled before he could be admitted into the party.

    He claimed that the ward party chiefs are being used by those he described as “unscrupulous leaders”, who are afraid of his astuteness and ingenuity in politics.

    The APC leaders in Iyin Wards A and B in a communique at the end of a meeting said they learnt of Bamidele’s defection in the media as the ward executives  were not carried along.

    In a 10-point communique, Ope Ogundele and Folorunso Adeuyi listed certain conditions for Bamidele before he could be admitted into the party.

    Bamidele described the stand of the Iyin APC leaders as “not only antithetical to democratic norms and ethos but also hypocritical smacking of ignorance about the party’s modus operandi”.

    He argued that Section 36 of the 1999 Constitution vested on individual citizens, the right to join or exit any party without hindrance, once such person has not been expelled or suspended from such  party.

    Bamidele, who represents Ado-Ekiti/Irepodun Ifelodun Federal Constituency, said he told the National Chairman, John Odigie-Oyegun and the Deputy National Chairman (South), Segun Oni, and he got their blessings.

    He wondered where ward executives got the affrontery to act in such a “brazen manner” saying such an action suggests that they are ignorant of the constitution and party operations.

    “How on earth“would the ward executive have more powers than Odigie-Oyegun and Oni, who gave me the green light to cross over to the APC?

    The lawmaker advised the ward chairmen against committing what  he described as “insubordination  and flagrant violation of the party supremacy”  in their  disastrous quests  to massage the egos of some politically irrelevant party leaders, whose political prowess had plummeted by their  haughty and cunning actions.”

    He said: “If these ward leaders had not  displayed naivety, they ought to know that going by the normal party practice and conventions, somebody of  my  political standing must contact the national leaders of the party and effect the defection after getting the go-ahead, before thinking of contacting my ward for registration.”

    Bamidele urged the  ward  leaders to concentrate their energies on how to redirect the nosediving fortunes of the party, rather than  allowing some egocentric leaders to mislead them .

    He said: “Where were these  people and their so- called  leaders when Bamidele was heralded in to APC rally with a standing ovation in Ado Ekiti when he came at the instance of the national leaders of the party to become part of Buhari/Osinbajo presidential campaign project in Ekiti State?

    “Why did they not reject the massive contribution of Bamidele and his group between January and March 28 that led to Buhari securing 41per cent of votes in Ekiti State?

    “Genuine APC leaders   in Ekiti State are happy that Bamidele is  back within the fold because they are confident that with his coming things can not be the same in Ekiti State.

    “I am sure the national leaders of APC know what to do to abate this political nuisance.”

  • Fashola lists conditions for violence-free elections

    Lagos State Governor Babatunde Fashola has said violence-free elections can only be achieved if the polls are credible, free and fair.

    He said this could not be achieved by deploying soldiers, noting that the use of military personnel to curb electoral violence is awkward in a democratic setting.

    The governor spoke when the Chairman of the National Human Rights Commission (NHRC), Prof Chidi Odinkalu, visited him at Lagos House, Marina.

    He added that it will be difficult to prevent violence if there are indications that the elections are fraught with malpractice.

    “You cannot deny people access to justice and expect peace. No one who knows me will ascribe violence to me.

    “But, when one begins to sow the seed of violence, I will warn the person. That doesn’t make me a violent person.

    “The reasons for electoral violence are that people still don’t understand this is just a contest for service and that the ultimate deciders are the electorate. Some have ignorantly ascribed it as a do-or-die affair.

    “Electoral violence is a reaction to stimulus. A stimulus that suggests we will do what we like to get power.

    “One of the things that I will demand for is the re-amendment of the provision of the law, which states that electoral issues should be prosecuted within 180 days. If it takes four years, so be it.

    “Let the wheels of justice turn. This is because this provision gives people the tendency to rig. You raised the stakes unduly.

    “It is a one-line amendment and it could be done. If this is done, tensions will certainly come down.”

    The governor challenged President Goodluck Jonathan to dissociate himself from all negative adverts, advertorials, jingles and documentaries being purportedly sponsored by the Peoples Democratic Party (PDP).

    He said his silence was tantamount to acceptance and can engender violence.

    “The kinds of advertorials we see these days show that the institutions saddled with the responsibilities of checking election messages aren’t doing their jobs.

    “When certain people say that if the President doesn’t win the election, there will be trouble, is it a coronation? And the President keeps quiet. The message the President is sending to Nigerians is that we are not safe. Everyone is entitled to contest.

    “The President must come out and reassure Nigerians that this country will be safe, whatever the outcome of the elections. That is his primary duty. And it is not enough to say it, it is important to act it.

    “That was why all the commentators have said the President says the right thing but his body language differs.

    “There are things he must come out and de-associate himself from, especially his wife’s speech.  He must disown them. And his leadership will be defined whether he does it himself convincingly or to ask his aides to say it.”

  • ‘Obesity exposes a child to dangerous health conditions’

    ‘Obesity exposes a child to dangerous health conditions’

    Mrs. Iwalola Akin-Jimoh, a nutritionist and member, advisory board of the Ovie Brume Foundation speaks on the growing spate of child obesity in Nigeria and its health and psychological implications; even as she urges early preventive measures.

    While it might be said that Obesity in children in Nigeria has not reached an alarming stage, it nevertheless calls for concern seeing that cases liter our exclusive private schools; can you give us a current statistics?

    I cannot give you any statistics at this point in time, but to say that it is not yet at an alarming rate is something I won’t agree with. It’s quite alarming at this point in time, and the problem of obesity actually takes roots from the way you feed your infant, when the child is born right through the type of diet that the child is weaned on. I mean you can talk about private schools, where it seems to be obvious, but I really think the situation in which we’ve found ourselves needs urgent attention.

    There are controversies on whether obesity is a disease in itself or a condition; could you please explain obesity in simple terms?

    Obesity is a situation that predisposes somebody to certain other conditions, to certain diseases. For example, if you’re obese, you’re susceptible to high blood pressure, hypertension, cardiac diseases, and diabetes mellitus, particularly in adults. So it’s more like a dangerous condition that predisposes you to other diseases.

    Some people take pride in having their children looking chubby, especially at the early stage. What have you got to say to this?

    It’s good for a child to look healthy, but he doesn’t have to look overweight. When you have your infant, you should take him through a process called Growth Monitoring at a health centre, where they will measure his weight and height and let you know if he is thriving. If the child is overweight or prone to obesity, they would tell you.

    Is there a specific measurement of weight for height for children or even adult?

    Yes we do. For adult, you take your BMI and for a child, there is a standardised Growth Monitoring Chart, which is approved by the Federal Ministry of Health and which is actually used in all government health facilities, and approved private health facilities. The chart gives a range of what height is supposed to be for a particular weight. There is a range that tells you a child is healthy, malnourished, underweight and even overweight.

    What’s the difference between being overweight and being obese?

    When you’re overweight, your Basic Metabolic Index is probably over 25. The Basic Metabolic Index has a formula that you use to calculate it. Many people have questioned the authenticity of the BMI because if you’re familiar with the Nigerian population, you find out that almost everybody is overweight. And when you get to a certain range, you say somebody is obese; and when you get to another range, you say somebody is morbidly obese. The Basic Metabolic Index, which is a relationship between your height and your weight, actually tells if a person falls within any of these ranges. It is important to note here that there are certain tests that are also performed on individuals, because a person may be overweight and his biochemical parameters remain okay. Also, a person may be within the normal weight range, while already showing high cholesterol level. You might also be within the normal weight and already have high blood pressure. It’s just that when you’re obese, it predisposes you to some of these conditions. So once a person is above 40, 45; there is need to continuously check a lot of biochemical parameters in your blood, to see how you’re fairing health-wise.

    Obesity also seems to be more common amongst children of the upper-class and middle-class? Why is this?

    It’s actually related to diet. If you look at Lagos for example, you’d find that a lot of the upper-class parents are very busy. They don’t pay extra attention to diet and you find that their kids in the morning take cereal, sausage and chips, which is very high in calories diet. In the afternoon, they go for rice and maybe a quarter of a chicken, which is way too much. And in the evening, they go for maybe white bread, egg and sausage again. So the diet that a lot of kids in the upper-class take might actually contain a lot of fat, a lot of sugar and very high carbohydrate diet. Sometimes, it is also very high in protein, way beyond what you need. And when you take too much carbohydrate and protein, it is converted and stored under your skin. So your diet provides enough for you to meet your energy needs, it is excellent. Rather than consuming way more than you need and having it works against you.

    Do you then subscribe to the opinion that obesity is more common amongst the rich and upper-class?

    Being overweight has nothing to do with your economic class. It has to do with your diet. If you don’t eat right, you have a tendency to have malnutrition, irrespective of your economic class. Malnutrition can be over-nutrition or under-nutrition. Over-nutrition is a category in which we have the manifestation of obesity, which means you’re over-eating. And whether you’re living in Ajegunle or Mushin, if you fall in this category, you have the tendency to become obese. In children, it might not be very obvious, but in adult, it is quite evident. If you look at the Nigerian population; you’d find that people are overweight, irrespective of their economic class. I’m not saying that people are also not undernourished, but when you look at the trend in the last ten years and also project into the next ten to twenty years; you’d find that Nigeria could actually have a population in which a lot of people will actually be overweight, because they’re not just eating right.

    The general opinion is that obesity is preventable. How so?

    You can actually start preventing obesity right from infancy by breastfeeding your child exclusively for six months; all breast, no water. At least ensure that you do this for the first three months of your maternity leave. Even when you have to go to work, you can still manage by breast feeding them when you are at home; and by extracting and storing when you know you would be at work. Also, you can use weaning milk, peradventure you cannot give your child exclusive breast feeding, and stick to the instruction on the can. Do not give four level spoons, when the instruction says three, just because you can afford it. In any case, no health worker will encourage a mother to raise her child on infant milk, except in health cases such as when the mother is HIV positive etc.

    How do you reverse obesity in a child?

    To reverse obesity, you need to place the child on a diet, because the truth is your weight is almost 70 per cent of what you put in your mouth and 30 per cent of your physical activities. But you shouldn’t cut back too much on the protein because the child needs protein, but you’re reducing the fat. You shouldn’t cut back too much on the milk because the child needs calcium; you should not cut back on things like legumes, beans and all that, because the child is still growing. And then you want to increase the child’s physical activities. If you can afford it, swimming is actually a very good sport that engages the whole parts of the body and even strengthens the back. You might want to enroll the child in aerobics, dance class and generally increase his/her physical activities. So the child is exercising and also enjoying himself. Even simple exercises like brisk walking will go a long way. So you can use increased physical activities and diet modification to help a child lose weight. Another thing: if your child is used to ice cream, chicken and the likes, you don’t cut it out totally; simply reduce the portion size, otherwise when you turn your back, he goes back and binge on it. For a more effective approach, parents who can afford it should also see a dietician or nutritionist. Virtually all teaching hospitals has departments designated for them. The sooner the issue of a child showing signs of obesity is addressed, the better.

    Aside the health implications, there are psychological issues, which seems to even assail obese children much earlier. Do you have experiences to share in this regard?

    Of course it affects them psychologically and leads to issues of self-esteem because in a case where they are just one or two looking like that in a class, the tendency is for their mates to call them names such as orobo, facto and all of that. And it cuts through even the public schools, because we do a lot of work with public schools. It might even affect their studies in the long run, because they become too self-conscious. And then during sports there is the issue of performance, in which you might not be able to run as fast as your colleagues or compete generally in physical exercise. This does not necessarily apply academically though. Talking about the female gender, the image that is posted out there  whether on the internet or on the television; is the idea that an attractive lady is one who is slim and shapely. And if you’re obese, you don’t tend to fit into this image and it affects the way you look at yourself. And so parents really need to pay a lot of attention to this, so that when their children are obese, they help them get through the difficult period of self worth. The fact that you have only one body and cannot get a spare one in the markets, means that you need to strive to keep it as healthy as possible. Obesity is a condition that you don’t even want to find yourself. You should also cultivate the habit of taking fruits and vegetables. It is bad enough that children don’t like vegetables and fruits; but to now let them perpetrate a diet that is devoid of them means that you’re setting them up for something that will not benefit them in the future. Besides, if you don’t bring them up to take fruits and vegetable, how do they in turn transfer this healthy health habit to their children? Exercise is also key. A lot of parents lay too much emphasis on academic success, such that the child hardly pays any attention to physical exercise of any sort. And that is extremely harmful to a child because a child has a lot of energy. They need to learn how to multi-task and manage their time effectively. An active sports life will also help them avoid sedentary life and help then burn up extra calories and energy even when they over-eat. It is important for a child to start laying the foundation for healthy muscles rather than fatty tissues.

  • ALSCON: ‘Firm ready to meet judgment conditions’

    The BFI Group Corporation has said it would meet the conditions contained in a Federal High Court judgment which ended the 10-year dispute between it and the Bureau of Public Enterprises (BPE) over the sale of Alummiun Smelter Company of Nigeria (ALSCON).

    The firm’s Chief Executive Officer, Dr. Reuben Jaja, said his company would meet its side of the sale agreement once the BPE complies with the judgment.

    Justice Abdulkadir Abdulkafarati delivered the verdict on September 30.

    “We have always been ready to take over as the core investor in ALSCON. I assure you that we have no difficulty in paying the 10 per cent of the purchase price within 15 days once the BPE executes the Share Purchase Agreement (SPA) as ordered by the court,” Jaja said.

    Justice Abdulkafarati, in the judgment, ordered the BPE to among others, “fully enforce, fulfil and give effect to the meaning and intendment of the judgment of the Supreme Court of Nigeria in appeal No: SC 12/2008 dated July 6, 2012 by signing and executing forthwith, ‘the mutually agreed Share Purchase Agreement (SPA).”

    He ordered that by the SPA, BPE should sell ALSCON to the applicant (BFI Group) at a purchase the price of $410million. The judge further ordered “that the respondent (BPE) shall accept 10 per cent of the purchase price or $41m to be paid within 15 days of this enforcement order. The balance of $369m is to be paid as per the audited financial statement as at the date of this judgment, September 30, 2014.”

    The judgment was on the suit marked: FHC/ABJ/CS/901/2013 filed BFI Group, with BPE as the respondent. The suit was for the enforcement of the judgment of the Supreme Court dated July 6, 2012 in appeal No: SC/12/2008.

    Justice Abdulkafarati emphasised the order in the Supreme Court’s judgment of July 6, 2012 “compelling and mandating the respondent to forthwith take full control of ALSCON from anybody, protect it from any further attack and prepare it for handover/transfer to the applicant, subject to the payment by the applicant of the consideration provided for in the judgment of the Supreme Court.

    To further give effect to the judgment of the Supreme Court, the judge, by way of consequential reliefs, ordered that the applicant (BFI Group), it’s employees and agents have full, uninterrupted, unrestricted access to ALSCON to conduct a first-hand assessment of the business affairs of the company, including engineering, technical, financial, environmental, among others, as requested by the applicant

    Justice Abdulkafarati also ordered the Inspector General of Police and all other security agencies to ensure that the orders are fully enforced.

    The dispute had begun in 2004, when the BPE purportedly sold ALSCON to another company – UC RUSAL – even when BFI Group emerged the preferred bidder. BFI Group went to the Federal High Court, Abuja in suit No: FHC/ABJ/CS/583/2004 to seek an order of specific performance mandating the BPE to sell ALSCON to it in accordance with the terms of the understanding/agreement for the sale of ALSCON dated May 20,2004.

    The High Court and Court of Appeal refused to grant its prayers. It headed for the Supreme Court, which granted the prayers in the judgment dated July 6, 2012.

    The Supreme Court’s judgment included among others:

    *An order of specific performance is hereby decreed directing the respondent to provide the mutually agreed Share Purchase Agreement (SPA) for execution of the parties to enable the plaintiff/appellant pay the agreed 10 per cent of the acceptable price of $410million (that is $41m) within 15 working days from the day of the execution of the SPA in accordance with the agreement dated 20/5/2004 and the balance 90 per cent of bid price shall be paid within 90 calender days.

    *an order for the defendant/respondent to accept 10 per cent of the bid price from the plaintiff/appellant within 15 days from the day of signing the SPA.

    *an order of perpetual injunction restraining the defendant/respondent, it’s agents and management from inviting ant further bidding for the sale and acquisition of ALSCON in violation of the contract between the plaintiff/appellant and defendant/respondent and or from negotiating to sell, selling or transferring or handing over ALSCON to any person or persons in violation of the contract between the plaintiff/applicant and the defendant/respondent.

    The apex court equally ordered the respondent shall pay N50,000 cost to the appellant.