Tag: leads

  • Ekwueme leads cooperation meeting with ACF

    Ekwueme leads cooperation meeting with ACF

    Leaders of the apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, and the Arewa Consultative Forum (ACF) have agreed to work for Nigeria’s unity based on equity, justice and cooperation among the various ethnic nationalities.

    At the end of their meeting yesterday in Enugu, the Enugu State capital, they jointly issued a terse communiqué, which said both sides agreed that the channel of communication opened by the meeting should be maintained.

    The two regional groups could not reach a consensus because the Ohanaeze Ndigbo was said to have requested time to study and respond to the issues the ACF raised on a future meeting.

    ACF, through its chairman, Alhaji Aliko Mohammed, spoke on inter-regional dialogue, temporary challenges of development, tackling challenges with courage, national/sovereign conference, federal structures and revenue allocation formula.

    The ACF said it was not opposed to any talks that could engender a better and united Nigeria.

    It, however, frowned at the convocation of a Sovereign National Conference (SNC) because “it amounts to vote of no confidence on our democracy and its institutions”.

    It added: “Moreover, most of the issues, which agitate the minds of proponents of the SNC, or National Conference, have now been listed for review with the Constitution underway by the National Assembly.”

    The ACF did not accept the call for a “people’s Constitution”, which is said to have the potential to enhance “true federalism” or “fiscal federalism” through which each ethnic nationality can develop at its pace.

    It said: “This school of thought feigns ignorance of the fact that the 250 ethnic nationalities cannot reasonably be expected to be the federating units of the envisaged true federalism.”

    The ACF said the North was not also opposed to derivation as a basis for revenue sharing as long as it is designed to reward efforts and compensate environmental degradation.

    “We have made the distinction that in the case of off-shore exploration, no efforts are expended by litoral states nor does any appreciable degradation of environment of any host communities occur,” it said.

    The group regretted that Ndigbo has been the target of ethnic fury in the North.

    ACF said: “We have frequent outbreaks of conflicts accompanied by violence. At times, the brunt of such violence has been borne by relatively well-off members of the community which, unfortunately, in many urban centres of the North, include your members, Ndigbo.

    “As a result, allegations have been made suggesting that Southerners, especially Igbo, are deliberately marked out for attacks. Even more distressing is the damning propaganda that the violence that has taken place in the North was masterminded by Northern leaders, supposedly for political reasons.”

    Praising the Igbo for promoting national unity through their settlement in larger numbers across Nigeria, the ACF said it was “under pains to reassure Nigerians, especially our brothers, the Igbo, that leaders of the North do not, and will never condone violence, let alone those targeted at specific groups of Nigerians.”

    The meeting was jointly presided over by the chairmen of the two groups, Ralph Uwaechue and Mohammed. It was attended by leaders of both groups.

    Ohanaeze had former Vice-President Alex Ekwueme; former President-General of Ohanaeze, Justice Eze Ozobu; Prof. Joe Irukwu, Chief Mbazuluike Amaechi, former Ebonyi State Governor Sam Egwu; Prof. Uzodinma Nwala, Prof. Obiorah Ike, Chief Nduka Eya and Senator Offia Nwali.

    Others include Prof. Chinedu Nebo, Chief Kalu U. Kalu, Col. Victor Ozodinobi (rtd), Chief Onyenso Nwachukwu, Dr. Emmanuel Omeh and O. A. U. Onyema.

    The ACF delegation had Alhaji Mohamed and the Secretary-General Col. Musa Shehu (rtd).

    Others were Deputy Chairman Saidu Barda; Assistant Chairman Joseph Kennedy Waku; Maj.-Gen. Lawrence Onoja (rtd.); Ambassador Adamu Mohamed; Hajia Halima Alfa; Amina Ladan Baki, Ambassador Ibrahim Mai Sule and Alhaji Ladan Shinnu.

    The Legal Adviser, Mr. Bitrus Gada; the Publicity Secretary, Mr Anthony Sani; the Treasurer, Ismaila Zarma; Amina Ladan Baike and Col. Mohamed Abdu, also attended the meeting.

  • Nestle Nigeria leads equities as investors gain N138b

    Nestle Nigeria leads equities as investors gain N138b

    Nestle Nigeria set a new market-wide all-time high of N615 value per share last week as investors pocketed about N138 billion in new capital gains.

    Nestle Nigeria led a compact but impactful pack of fast moving consumer goods companies that provided impetus for further market recovery. Other major gainers during the week included Guinness Nigeria, Cadbury Nigeria, Flour Mills of Nigeria, Nigerian Breweries and GlaxoSmithKline Consumer Nigeria (GSK).

    Nestle Nigeria’s share price improved by N35, representing an increase of 6.03 per cent. Guinness Nigeria followed with a gain of N17.20 to close at N277.20. Cadbury Nigeria added N3.62 to close at N27.56. Flour Mills of Nigeria gained N3.32 to close at N64.99 while Nigerian Breweries and GSK added N2.85 and N2 to close at N139.85 and N38 respectively.

    Gains by 48 stocks added N138 billion to aggregate market capitalisation of quoted equities, which rose from opening value of N8.282 trillion to close at N8.420 trillion. The All Share Index also reflected the gain with closing index of 26,442.67 points as against its opening index of 26,011.64 points.

    Total turnover stood at 4.76 billion shares worth N40.472 billion in 20,364 deals, a marked improvement from a total of 1.70 billion shares valued at N14.54 billion exchanged in 24,202 deals in previous week. The consumer goods sector accounted for 3.261 billion shares valued at N32.447 billion in 3,902 deals.

    The financial services sector followed with 905.262 million shares valued at N6.236 million in 11,327 deals.

    Turnover was largely driven by the transfer of majority equity holdings in Dangote Flour Mills Plc. The flour mills accounted for 3.178 billion shares, representing 66.78 per cent total turnover for the week.

    On the secondary over-the-counter bond market, investors staked N198.96 billion on 185.76 million units through 991. This represented a slowdown from the previous activity level, when investors staked N247.31 billion on 229.84 million units in 984 deals.

  • Kwara job: Unuanel leads the pack

    Kwara job: Unuanel leads the pack

    Except a last-minute change of mind occurs, former Ocean Boys technical adviser, Samson Unuanel is a sure bet to be named head coach of NPL side Kwara United on Tuesday.

    Unuanel tops the three short-listed coaches forwarded to the management board of the Afonja Warriors on Friday for the plum job by the Kunle Adefiyun-led nine-man technical committee.

    The two others on the list include former Bukola Babes (ABS) and 3SC coach, Festus Allen and suspended Niger Tornadoes coach, Justin Tenger.

    About 43 coaches showed interest in the Kwara United coaching job, namely the immediate past coach, Tunde Sanni, Solomon Ogbeide, Kabiru Dogo, Alphonsus Dike, Lawrence Akpokona, Mohammed Baba Ganaru, among several others.

    A Supersport.com source said Unuanel is certain to be named coach having excelled above his other contenders for the position.

    “The technical committee submitted the names of three coaches to the board on Friday for consideration as head coach of Kwara United.

    “The board is expected to pick one and it’s most likely that the chosen coach will be named and unveiled on Tuesday or Wednesday.

    “The successful coach will be given a year’s contract, that is, to guide the team for the 2012/2013 NPL season.

    “Coach Samson Unuanel is most certain to be named coach as he was the best, followed by Festus Allen and Justin Tenger.

    “I don’t know any other hurdle that’ll stop Unuanel from clinching the hot job,” the source said.

    Unuanel is an assistant coach with the national senior women’s team, Super Falcons.