Tag: Nigerian Newspapers

  • Power generation hovers around 2,886.1Mw

    POWER generation by the electricity generation companies (Gencos) on Tuesday marginally increased from 2,672 megwatt (Mw) to 2,886.1Mw.

    According to the “Operational Report of 05/08/2019” the Nigerian System Operator of the Transmission Company of Nigeria (TCN) posted on its website on Tuesday, the peak generation that the companies recorded on Sunday was 4,437.6Mw.

    The TCN lamented the distribution companies (DisCos) rejection of “massive amount of power”.

    Its General Manager, Public Affairs, Mrs. Ndidi Mbah, blamed generation hovering around 2,886.1Mw on load rejection.

    Responding via a text message, she recalled that the ” lowest generation for Sunday was 2,672Mw while lowest generation on Monday was 2,681Mw. “The peak generation on Sunday was 4,437Mw while Monday peak where was a system collapse. The situation is really very very bad. The DisCos are all rejecting massive amounts of power”.

    The report added that energy recorded on 4/08/2019, was 79,708.99MWH, which was 3,212.2Mw.

    Responding to the question on why power generation was hovering around 2,886.1Mw, the Executive Director, Association of Power Generation Company, Barr Joy Ogaji, urged The Nation to find out from the TCN.

    The TCN had in its Friday daily report noted that six generation firms, which include Alaoji NIPP;  Olorunsogu NIPP; ASCO; AES and Trans Amadi, which are all gas-fired plants produced 0Mw.

    According to the TCN, Kainji Hydro  put out its units 6, 11, and 12 because of low demand by the electricity distribution companies known as DisCos.

    Read Also: Oyo lawmaker empowers 200 constituents

    The report also noted that while Jebba Hydro switched off its 2 G1 as a result of maintenance, it also put off its 2G2 &4 because of “low demand by the DisCos.”

    Shiroro hydro, said the report, put out 411G1 owing to “low demand by DisCos.”

    It noted that Delta (Gas) GT15 & 16 shutdown because of low demand by DisCos. Geregu also shut down GT 11 due to low demand by DisCos.

    Trans Amadi’s G1, said the report, is out on maintenance,  while its G#2, 3 and 4 were out due to gas constraints.

    The report also said that Rivers GT1 reduced generation due to low demand by DisCos.

    Other constraints that the report indicated were low gas pressure, generation problems, awaiting overhaul and limited generation due to gas.

     

  • NNPC to re-start Chad Basin oil search

    THE Nigerian National Petroleum Corporation (NNPC) on Tuesday expressed its preparedness to re-commence full oil search at the Chad Basin, Gongola and Benue Trough. It is therefore seeking for military support for the protection of its workers and high-tech equipment.

    Its Group Managing Director, Mallam Mele Kyari, spoke when he led top Management of the NNPC on a visit to the Chief of Defence Staff, Gen Gabriel Olonisakin, at his office in Abuja.

    The GMD also urged the public not to drag the Corporation into politics in the guise of requests for information under the Freedom of Information Act.

    He spoke during a courtesy visit by the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio, to the NNPC Towers in Abuja.

    A statement by the state-run oil firm, stated that due to the security challenges in the Chad Basin, Gongola and Benue Trough, the NNPC had not been able to mobilise fully to those areas of its important operations.

    He said: “Am visiting the Chief of Defence Staff as my first port of call following my appointment to seek for the support of the Armed Forces to help the NNPC in re-entering the Chad Basin, Gongola and Benue Trough to enable us carry out our mandate for national development. Your support in terms of providing full security for staff and equipment is critical to us.”

    He added that the Corporation equally required the military to intensify efforts in the protection of NNPC’s pipelines and Right of Way (RoW) across the nook and cranny of Nigeria.

    Kyari said  the NNPC was seriously challenged by the nefarious activities of pipeline vandals, petroleum products thieves and other economic saboteurs that breach the operations of the Corporation in various parts of the country.

    The GMD recounted the significance of NNPC’s contributions to the national economy, saying corporation’s synergy with the Military was critical to the wellbeing of the nation’s economic lifeline.

    Responding, Gen Olonisakin described the NNPC as a strategic corporation that would be given full military support to enable it deliver on its mandate to the people.

    “It is imperative for the Armed Forces and the NNPC to collaborate and synergise for the benefit of the country going by their various strategic roles to the nation. The Armed Forces operations, code named: Operation Wase and Operations Delta Safe, along with other operations, were geared towards protecting pipelines and various oil and gas facilities,” Gen Olanisakin averred.

    Read Also: NNPC spends N15.5b on pipelines maintenance

    He said the military and the NNPC had been working together and the visit of the GMD would further bolster the various operations to secure the oil and gas installations, adding that the military had devised several strategies to stem the tide of pipeline breaches in the country.

    Speaking on the FOI Act, Kyari said: “As you are aware, sometimes the requests are brazenly malicious, and they are laden with political undertones. NNPC finds it difficult to respond to such requests because it is mindful of falling into the trap of being drawn into politics or maligning others.”

    He said in keeping with its commitment to be accountable and transparent, the corporation would publish its audited accounts soon.

    On the disclosure of contracts and contractors as requested by the NEITI boss, he said the biggest contracts in the corporation’s portfolio currently are the products supply contracts under the Direct Sales Direct Purchase (DSDP) scheme, adding that details of the contracts and the contractors would also be made public within this month.

    He promised to make the monthly financial and operations reports more accessible by publishing the soft copies of the reports from January to May, 2019.

    The Executive Secretary of NEITI, Mr. Waziri Adio, congratulated Kyari on his appointment. He said: “This is a big opportunity you have been given to shape the direction of this country in a positive way and I believe you have the capacity to do that.”

     

     

  • Osun begins 120-bed ward, 30 doctors’ quarters project at Specialist Hospital

    OSUN State Governor Adegboyega Oyetola said on Tuesday his administration is committed to improving the health sector, through the deployment of technology-based approach, to ensure quality and affordable health delivery.

    The governor hailed President Muhammadu Buhari and Vice President Yemi Osinbajo for giving the state the privilege to participate in the competition that enabled it to source funds from the Federal Government-facilitated World Bank’s Save One Million Lives (SOML) initiative.

    Osun got 20.547 million dollars, having been adjudged number two in the contest.

    Oyetola spoke while turning the sod of the 120-bed ward and 30 doctors’ quarters at the state Specialist Hospital, Asubiaro, Osogbo.

    He noted that the administration had on assumption of office commenced work on the revitalisation of nine General Hospitals and 332 Primary Health Centres – one per ward – across the state.

    The governor noted that the state has been partnering with development partners and is exploring other windows to attract more funds to further deliver quality healthcare to the people.

    Oyetola appealed to corporate organisations and relevant associations to partner with the state in its efforts to revamp the health sector.

    Read Also: Oyetola seeks focus on technical education

    The governor said: “This is a further fulfilment of the resolve of our administration to use health, which experts say is wealth, to power all the sectors of the state to deliver prosperity and good life to the people.

    “Our revitalisation programme is holistic. It comes with the use of technology to boost health delivery, provision of modern equipment, training and re-training of staff for efficient healthcare.

    “In order to give prompt vent to this resolve, we executed the flag off of the facilities in Ejigbo (Osun West) and Ifetedo (Osun East) Senatorial Districts, barely three months into our administration. Work has reached advanced stages on the two projects. They will be delivered very soon.

    “We also commenced work on the revitalisation of nine General Hospitals and 332 Primary Health Centres – one per ward – across the state.

    “We are here to complete the one-per-senatorial district revitalisation of hospitals with this expansion project at the State Specialist Hospital, Asubiaro, Osogbo. This project consists of the construction of a 120-bed ward and 30 doctors’ quarters.

    “This hospital is the flagship of the facilities under the Hospitals Management Board. It is a multi-Specialist Hospital, which offers specialised services in major areas which include:  obstetrics and gynaecology, general surgery, radiology, paediatrics, internal medicine, physiotherapy and medical rehabilitation, optical services, medical laboratory services, dentistry, HIV testing, counselling and treatment, TB/leprosy care and family planning services, among others. Our administration has carried out major works on the theatre complex, blood bank building, medical laboratory, trauma centre, hope clinic and the external wall of the hospital.

    “This year, we have executed six major campaigns and capacity efforts to boost impact and efficiency. These are Maternal, Neonatal and Child Week; Immunisation Plus Days; Exclusive Breast Feeding Campaign; Polio Eradication Campaign; Net Hanging Campaign and Facility Level Training for the Activation of Basic Health Care Provision Fund in Osun.”

    He added: “The State of Osun Agency for the Control of HIV/AIDS (O’SACA) will soon start a project that will involve the introduction of incentives for pregnant mothers who attend ante-natal clinic and have HIV test result.

  • Alleged N9.9b fraud: Court freezes Lagos accounts

    THE Federal High Court in Lagos on Tuesday ordered the freezing of three accounts belonging to the Lagos State Government over an alleged N9.9 billion fraud.

    Justice Chuka Obiozor made the order following an ex-parte application by the Economic and Financial Crimes Commission (EFCC).

    He ordered the accounts’ “suspension” pending conclusion of investigation and possible prosecution of the Permanent Secretary in the Office of the Chief of Staff to the Governor, Adewale Adesanya.

    The accounts are domiciled in First City Monument Bank (numbered 5617984012), Access Bank (0060949275) and Zenith Bank (1011691254).

    In a supporting affidavit, an EFCC investigator, Kungmi Daniel, said the commission discovered huge inflow of N9,927,714,443.29 from the state accounts into the FCMB account.

    He said the account, operated by Adesanya, was opened last September 17 during the Akinwunmi Ambode administration.

    According to the deponent, investigators found that Adesanya and other signatories made fraudulent transfers from the state’s accounts and dissipated the funds.

    Read Also: Court freezes Bauchi’s account

    “The trend is that the account always witnessed huge inflow from Lagos State Government in the above scheduled accounts managed by the respondent (Adesanya).

    “There have been concerted efforts and attempts to dissipate the contents of the accounts listed in the schedule to this application.

    “Without freezing the nominated accounts and temporarily forfeiting the money to the Government of the Federal Republic of Nigeria, there is no way the fraud being perpetrated using the scheduled accounts can be stopped,” the EFCC said.

    EFCC counsel Mohammed Abbas urged the court to grant the order temporarily attaching the accounts to enable it to conclude its investigations.

    Justice Obiozor granted the prayers and adjourned till Friday.

    Some legal sources wondered last night why the victim, the state government, is being made to suffer while those suspected to be involved in the matter are left untouched.

  • Oyo NLC hails Makinde over review of sacked workers’ cases

    The Chairman, Oyo State Chapter of the Nigerian Labour Congress, Mr. Bayo Titilola-Sodo, has lauded Governor Seyi Makinde for the ongoing review of the sacked workers on the payroll of the government by the past administration.

    He said despite all entreaties by the labour leaders to appeal to the past government in the state, many workers were sacked without following due process.

    The NLC chairman spoke on Tuesday after leading labour leaders under the aegis of Organised Labour and other affiliates bodies under the NLC on a courtesy call on Governor Makinde at his Agodi, Secretariat office.

    Noting that the team was on the visit to thank the governor for his kind gestures to the workers since the assumption of office, Titilola-Sodo said certain demands were also tabled before the governor.

    The NLC boss expressed appreciation to the Makinde government for prompt payment of workers’ salaries and payment of gratuity and pension of workers, noting that such gestures have been a big morale booster to the workers.

    Read Also: Makinde should dialogue with us – ALGON chairman

    “We as organised labour discussed various issues concerning the welfare of workers in the state, such as payment of salaries, emolument and outstanding debt and promotion.

    “So many issues concerning workers in the state, including that of retirees, who have been unfairly treated in the past, were discussed. We have also acknowledged some of the step taken by Governor Makinde since he got into office by establishing the GSM days, that is 25th of every month, which every worker in the state would collect their salaries.

    “We as the organised labour in Oyo State, the NLC itself and its affiliated bodies, are concerned about all the issues concerning the welfare of workers in the state among the so many other issues that has resulted in the unfair treatment of workers in the past.”

  • 4704 ordained as assistant pastors at RCCG Convention

    THE General Overseer, Redeemed Christian Church of God (RCCG), Pastor E.A. Adeboye, has ordained 4704 as Assistant Pastors of the mission.

    Speaking during the event on Tuesday, Rev. Joe Olaiya advised those ordained to preach the Gospel as Jesus remained the only solution to every challenge confronting the world.

    This year’s convention tagged, “and God said,” is taking place at the Redemption Camp KM 46, Lagos-Ibadan Expressway and with over two million worshipers expected at the weeklong event.

    The RCCG at the opening of its 62 Annual Convention on Monday ordained 12,811 deacons and deaconesses.

    Describing the 2019 Convention as mighty and prophetic one, never seen before, Enoch Adeboye, the General Overseer of the Church, had in July promised participants some of the first things ‘God said to man.’

    Read Also: RCCG hospital gets award

    Adeboye prophesised that participants, who have challenges in those areas of life, will be relieved of them at the convention.

    The church’s National Overseer, Joseph Obayemi, presented the candidates to the Adeboye for ordination to help in the growth of the church and in service to God.

    The candidates were so many that the ordination was done in batches with senior ministers taking turns to lay hands on them. The number of those ordained is 1,563 higher than the figure of last year when Adeboye ordained 11,258 deacons and deaconesses, drawn from various parishes of the church.

    Explaining the process of ordination, Adeboye said: “In the Redeemed Christian Church of God ordination is done by laying of hands, proclamation and prayers.”

    The candidates filed out in batches for hand-laying by Adeboye’s senior assistants.

    In a short sermon on Monday night, Adeboye reminded workers of the church and House Fellowship leaders of God’s recognition of their contribution and His reward for them.

  • Buhari summons APC NWC meeting

    PRESIDENT Muhammadu Buhari has invited the National Chairman of the All Progressives Congress (APC), Adams Oshiomhole and the party’s National Working Committee (NWC) for a meeting today.

    Likely in the agenda is a review of the outcome of the 2019 polls and how to make amends where necessary to put the party in a better shape.

    It was also learnt that the session will consider the President’s “Next Level” agenda and how to ensure the buy-in of all APC elected and political office holders at the federal, state and local government levels.

    Besides, the forthcoming Bayelsa and Kogi governorship elections may be part of the talks.

    The President initiated the session to foster a new “consultative channel” between him and the party, The Nation learnt.

    The meeting between Buhari and APC leaders will hold at the Presidential Villa by noon.

    Ahead of the meeting, the NWC members met for hours yesterday to prepare their position on matters which may come up.

    Sources said tension-related issues in the party may be put on the front burner to avoid cracks in APC and strengthen the party.

    In the last few weeks, there has been a crisis of confidence between Oshiomhole and the Deputy National Chairman (North), Sen. Lawal Shuaibu, who was recommended for expulsion.

    National Vice Chairman (North-West) Inuwa Abdulkadir was suspended by the Magajin Garin Ward.

    The two national officers of the party have stayed away from the National Secretariat.

    A former National Chairman Chief John Odigie-Oyegun has been leading calls for Oshiomhole’s resignation.

    Also, the handling of the party’s primaries in some states has created some misgivings.

    APC has been unable to appoint a National Secretary since the election of the former holder, Mai Mala Buni, as governor of Yobe State.

    Read Also: UPDATED: Buhari to swear in ministers August 21

    A source, who confided in our correspondent, said:  ”The meeting will review the outcome of the elections. It is going to be a stock-taking session. We will look at our areas of strength and weaknesses to chart the way forward.

    “And it is not yet over because we have elections coming up in November in Bayelsa and Kogi states. This is a timely invitation by the President.

    “All issues in the party will be considered with the President, especially why certain things happened and the decisions taken. Since Oshiomhole came on board, he has placed premium on discipline and party supremacy.

    “Some decisions of the APC leadership have not gone well with a few leaders but the President will have firsthand knowledge and we will all discuss some of these issues.”

    Asked if the cases of Shuaibu and Abdulkadir might come up, the source added: “Issues in the party will be discussed. The most important thing is to keep the party stronger at all levels.”

    The source said the “Next Level agenda” is a major item for consideration.

    The source added: “A key point of the session  is the Next Level agenda of the President. We want  to ensure that our elected and appointed political office holders align with the progressive objective of the party.

    “The way governance is being run at the state and local government levels, there is no clear distinction between APC states and those of the opposition, especially PDP states.

    “APC is pro-masses. We want our policies and programmes at Federal , state and local government levels to be different and unique. So, all our elected and appointed political office holders must implement the agenda of the President.

    “If you cast your mind back to the Second Republic, the progressives in UPN, GNPP and PRP were outstanding  in performance than those in the defunct National Party of Nigeria (NPN). This is our target.”

    Another source gave insights into how the meeting was conceived by the President and the party.

    The source said:  ”The need for rapprochement between the party and the President has been on the cards even before the last elections. We had agreed that the President and the party should be meeting periodically.

    “It is part of what we proposed as a tradition so that the President and the party will be on the same page in terms of policy, dialogue and other matters.

    “Unfortunately, the campaign and the challenges of elections did not allow us to go ahead with the idea. Now that our government has been re-elected into power, we feel the time is ripe to foster it.

    “In deference to APC, the President wanted to come to the National Secretariat but he later changed his mind because of security logistics which his movement may attract.”

     

  • Domestic terrorism in Nigeria and the United States

    DOMESTIC terrorism occurs when a citizen or group of citizens of a particular country targets people within the same country for ideological, religious, ethnic, economic, or other reasons. Like terrorism involving targets outside the perpetrator’s country of citizenship, domestic terrorism is often premeditated and violent. However, as I will illustrate later, violence takes different forms. Although the focus is often on physical violence, there are non-physical forms of violence that are nonetheless quite destructive.

    Nigeria and the United States share many things in common, including presidential democracy. Recently, however, domestic terrorism of the physical form has dominated the news in both countries, claiming many innocent lives.

    As recently as Saturday, July 27, 2019, Boko Haram killed as many as 68 mourners at a funeral in Borno State and injured many others. A few days earlier, they had ambushed Nigerian troops in the same state, killing an army commander and several soldiers. Indeed, hundreds, if not thousands of soldiers have been killed, leading to a recent report of a mass grave for fallen soldiers. Boko Haram has hit various targets, especially across the Northeastern corridor.  Overall, it is estimated that Boko Haram has claimed about 100,000 lives and abducted thousands, especially young boys and girls, over ten years.

    The recent killings by Boko Haram followed a wave of kidnappings for ransom, some involving fatalities. The kidnappings have occurred across regional, social, class, ethnic, religious, gender, and age divisions. What started in the oil-producing Niger Delta as a means of sending a message to the government and the oil companies by militants in the region to pay more attention to the region’s degradation soon became a nation-wide commercial activity. Once adopted by herdsmen wielding AK-47 rifles, the whole nation became entrapped.

    The current wave of domestic terrorism in the United States exposes the vulnerability of the leader of the free world. Yes, Nigeria today may be notorious for kidnappings. Nevertheless, the United States has more mass shootings than any other country in the world. There has been at least one mass shooting a day since 2013. However, the figures peaked since President Donald Trump came to power in 2016.

    Over the past weekend alone, two deadly mass shootings occurred within 13 hours of each other. In El Paso, Texas, one 21-year old White male killed 22 and injured 26 others, while another 24-year old White male killed nine and injured many more in Dayton Ohio.

    Interestingly, the Texas shooter is a White supremacist, who holds the nationalist and racist views of the extreme right. He specifically targeted El Paso because of its teeming Hispanic population. By contrast, the Dayton shooter held extremely leftist views, apparently in reaction to the growing nationalist and racist views of White supremacists.

    The critical question is: Why is the incidence of domestic terrorism rising in both countries, despite apparent differences in its manifestation? Americans and Nigerians have been grappling with this question. Opposition political leaders in both countries have not shied away from pointing accusing fingers to the presidency.

    Former President Barrack Obama puts it succinctly for other opposition leaders: “We should soundly reject language coming out of the mouths of our leaders that feeds a climate of fear and hatred or normalizes racist sentiments; leaders who demonize those who do not look like us, or suggest that other people, including immigrants, threaten our way of life, or refer to other people as sub-human, or imply that America belongs to just one certain type of people”.

    Obama did not stop there. He then went on to place this type of language within historical and global contexts: “Such language isn’t new—it’s been at the root of most human tragedy throughout history … It is at the root of slavery and Jim Crow, the Holocaust, the genocide in Rwanda and ethnic cleansing in the Balkan,” No one is in doubt about the political leader Obama had in mind.

    It is President Trump, whose relentless racist, bigoted, and misogynistic remarks are believed to be at the root of recent violent behavior and attitude toward immigrants and minorities. In truth, Trump’s language is violent. It is the kind of violence often classified as symbolic violence,  that is a kind of verbal violence that is harmful in its own way.

    True, Trump was pushed by recent events and commentaries on them to condemn White supremacists and racism, he nevertheless denied connection between his language and domestic terrorism. Instead, he attributes, against available evidence, the behaviour of the Texas mass shooter and other gun-touting persons to mental illness, violent video games, and the Internet. True, Nigerian opposition leaders’ castigation of the presidency over Boko Haram insurgency and the wave of kidnappings may lack the kind of historical depth displayed by Obama; nevertheless, they have been vociferous in their attack. The truth is that neither the American nor the Nigerian President has done enough to curb domestic terrorism. While Trump may be said to talk too much, Nigerian President Muhammadu Buhari hardly talks or talks too little. Like Trump, he deflected attention from the roots of herdsmen kidnappings by pleading tolerance and accommodation. No wonder his latest effort to establish Rural Grazing Areas has been met with stiff opposition, especially in the South.

    Buhari needs to be reminded that there is wisdom in the saying that a stitch in time saves nine. Had he responded to the outcry against clashes between herdsmen and farmers and the call for disarming the herdsmen, the escalation of the conflicts might have been checked. Besides, the infiltration of Bororo herders, who are often identified as the ones behind kidnappings, might have been prevented. By allowing the conflicts to merge with kidnappings, Buhari now has more than herdsmen-farmers clashes to handle.

    Nevertheless, I hold the view that domestic security is more of a local, than national, issue. Abuja cannot watch my backyard in Idanre any more than neighbouring police or nearby Civil Defence officer could. That’s why it is important to speed up legislation on state police and allocate more of the defence funds to states and local governments. The role of the Federal Government in domestic security should not be more than policy formulation, monitoring, and quality assurance. In other words, while the defence of the nation should remain a federal matter, domestic defence should be decentralized.

  • The return of Krest and Tuketuke

    AFTER a rather long spell, it is time to pause our weekly diagnosis of the Nigerian condition and examine a raft of treacherous words or phrases that has since infiltrated national conversation whose ubiquity or frequency is likely to leave the casual readers or the uninitiated utterly befuddled.

    The whole idea is to provide contexts and contents to such mutants.

    Krest: Its onomatopoeic sibling is “crest” which denotes a crown or insignia or pedestal. The stock of this popular beverage dramatically changed in June after being implicated in a rape claim by Mrs Busola Dakolo against COZA’s pastor, Biodun Fatoyinbo.

    From time immemorial, folks were inclined to assume the brew was harmless, far from carcinogenic, being certified clinically as “non-alcoholic”. But not after reading Mrs. Dakolo’s jeremiad that it was improvised as the obliterating chemical applied specifically by the flamboyant preacher almost immediately after allegedly taking her virginity at age 16 that unforgettable dawn.

    In her rather graphic recall of the encounter, the “Gucci Pastor” hurriedly fetched a bottle of Krest from his car, uncorked it and reportedly force-fed her with a considerable measure of its content. Bearing in mind its distinctive bitter lemon taste, folks didn’t need any further clue to conclude, with a knowing nod, on what could have been the sole aim: wipe the faintest fingerprint that might reveal the crime as well as foreclose possible foetal germination of any kind.

    Since Dokolo’s story broke, market intelligence would appear to be pointing at an exponential rise in the demand for Krest. What no analyst can confirm with certainty, however, is whether any correlation exists between the rising consumption and the discovery of the other post “recreational use” the drink can be put. It is perhaps for this reason that some public-spirited individuals are already proposing whether it might not be conducive to public health at this point for relevant agencies like NAFDAC to issue an official statment modifying the existing classification of the drink and adding a clause expressly soliciting “parental discretion/supervision” in the procurement and consumption of the drink henceforth, particularly for females of pubescent age.

    The urgency for such extraordinary official intervention seems, in fact, underscored by grave apprehension already being expressed in many quarters following reports that the “Gucci Pastor” had staged a triumphant return to the pulpit he was forced to evacuate a month ago by public outrage, without any evidence of undergoing any prosecution nor serving any penance over the alleged transgression.

    Tekno: Techno is universally taken as the shorthand for technology. In his heyday, Fela, the inimitable Afro Beat exponent, made perhaps the most inventive attempt to track the etymology of “technology” to Yoruba roots with a syllabic breakdown to “te-ki-ina-lo-ji” (activating energy through a device/button).

    But budding hip-hop singer, Augustine Kelechi, has brought a new twist with his indiscretion to embark on a street dance with half-clad vizens on Lagos highways few days ago. What prompted public outrage was a viral video of the show of shame recorded by a motorist and uploaded onto the social media.

    Adopting the stage monicker “Tekno”, the twenty-something-year-old first captured public imagination four years ago with the song “Baby Kpalanga”. In a strong-worded statement at the weekend, Bolaji Sanusi, the Managing Director of Lagos open advertising agency (LASAA) announced a probe, threatening to prosecute those involved in the indecent show once a prima facie case could be established.

    According to Section 136 of the Criminal Law of Lagos State (2015), any person found committing any act of gross gross indecency with another person in public shall be liable to a three-year jail term. Meanwhile, while youthful Kelechi will need more than the hypnotic lyrics of “Baba Kpalanga” in the days ahead to win back the adulation of an outraged public, it is clear the word “Techno” also now describes a sophomoric stupidity to engage in naked dance in the public.

    Proclamation: It used to be a workaday term in the executive-legislature interface in the last twenty years of uninterrupted democracy until June when it assumed a new meaning in Edo State, disguised as a struggle to determine what constitutes the appropriate protocols of legislative quorum. But, in real terms, it is a facade for a seething cold war between the political mentor (shhhh, it’s shameful to be called “godfather” now!) and the mentee who seem to have been careless enough to allow busybodies infiltrate their ranks. And the feud has, sadly, snowballed into a deadly power-game, name-calling and washing of family’s sordid undergarments in the market square.

    The phrase, in part, describes illicit trafficking in human commodity in the parliamentary chamber whereby a faction of a supposedly ruling party procures members-elect, and carts them off to be ware-housed in a distant safe haven with a view to easing regime change seamlessly against the presiding faction, in the likely event that push eventually comes to shove.

    And it further captures when both the Gomina (Yoruba for Governor) and his estranged mentor choose to live in acute denial and rather resort to speaking in parables. Taking poetic liberty, one of them would, for instance, track the genesis of the kerfuffle to an attempt by the other to wolf down both the communal yam and the seedling, in what reminds us of the grosteque architecture of Tuketuke politics of old.

    Of course, that is a coded reference to the now familiar – even hilarious – allegory of the hyperactive groom seeking to “borrow from tomorrow” popularized by my brother and friend, Segun Adeniyi. In-laws had been forced by repeated distress calls from the bride to regroup at the new couple’s matrimonial home barely two weeks after wedding, seeking to settle what was beginning to look like a big puzzle.

    To their relief, as the story goes, they soon found that it was not as if the young wife was being starved of food, attention or money.

    It took the deployment of sagely tact by the mediators to finally unravel the mystery. They decided to meet the wife in camera. Then, she opened up: the groom was too excessive in his conjugal demands, almost round the clock, resulting in her acute exhaustion.

    When confronted, the young man admitted right away, defending that it was all borne out of obsessive love and a personal resolution never to commit adultery.

    Long story short, the in-laws eventually departed before nightfall on a happy note, having heard both parties solemnly agreeing to a pact of mutually acceptable frequency of their conjugal transactions henceforth.

    But by the afternoon of the following day, the still bullish groom had already drawn down the “quota” for the opening day. So, when he again cozied up to the wife at the first sign of dusk, she naturally flared up: “But you’ve taken all the allocation for today!”

    Ever so forthright, the groom admitted, “Yes, I know”, and added the clincher, “May I borrow from tomorrow’s then.”

    To the Gomina, those raiding the communal barn for both the yam and the seedling are like the randy groom wishing to “borrow from tomorrow”. That is, taking from what is meant for the unborn generations.

    For the benefit of those unfamiliar with Edo lingo, Tuketuke is a generic phrase for a category of vehicular apparitions in a halo of smoke limping on the highways – a menace to both commuters and the community. In political terms, it refers to a proclivity to parlay power to prey on the people, “borrow from tomorrow”, in the most primitive manner that annuls all guarantees of human dignity.

    So, “proclamation” is also euphemistic of “Tuketuke” politics rebranded with some of the partisans, obviously chaffing under the yoke of disrupted “stomach infrastructure” and the rupture of juice pipelines, now preferring to dance naked and barefoot at the communal square, not ashamed to flaunt necklaces made of glutton’s teeth.

    AMCON: When next you hear the name mentioned, you need to pay more attention to the inflection in the second syllable. If among financial aficionados, what you might likely hear is, “I’m conned”. A jovial, even cynical, derogation of AMCON. So, hard as the activist streak Muiz Banire, SAN, the new chair of the AMCON board, might be bringing to the table, getting the “top 20” said to be owing a whopping 67 percent of the N5 trillion owed AMCON to comply, will not be easy at all.

    Among the heavy debtors are two former governors and a sitting senator.

    Of course, that some individuals could be audacious enough to obtain hefty loans and now refuse to pay speaks directly to the ingrained culture of impunity pervading the land.

    But anyone with inside knowledge of the nation’s debt industry in the past one and a half decades will attest that there are other buccaneers yet to be captured in the much touted shame list. The patriotic intention of AMCON as a debt management agency floated at the height of the global credit crunch of 2008/2009 was virtually undermined from the outset. How? The prerogative for determining the size of debt owed was left entirely to the usurers, not the borrowers. Given the permissiveness of that season, the common belief is that figures submitted to AMCON for bailout were mostly sexed up by bank executives looking for cheap cemetery to bury liabilities incurred in unrelated transactions, without the debtors having the chance to verify.

    So, while the bank honchos have since sanitized as well as deodorized the books and thereafter moved on to declare the usual super-normal profits to their shareholders, it is the debtors and AMCON sharks now locked in shouting match over the exact amount owed.

    Hence, the sneer “I’m conned” whenever the N5 trillion debt is mentioned these days. Of course, the joke is at the expense of Nigerian taxpayers whose commonwealth is thus trapped.

     

  • DMO: Fed Govt’s savings bonds record N13.5bn investments

    THE Federal Government’s savings bonds have recorded N13.5 billion worth of investments since inception in March 2017, the Debt Management Office (DMO) said on Tuesday.

    DMO’s Head, Market Development Monday Usiade made this known at a Retail Bond Workshop organised by DMO in partnership with the Nigerian Stock Exchange (NSE) and Stanbic IBTC Stockbrokers Limited in Lagos.

    A breakdown of the data indicated that N2.07 billion, N2.69 billion, N1.55 billion and N891 million worth of investments were recorded in the first, second, third and fourth quarters of 2017, respectively.

    N583 million was recorded in Q1, N740 million in Q2, N1.21 billion in Q3 and N1.02 billion in Q4 of 2018, respectively.

    Usiade said a breakdown of the transactions showed that 432 corporate investors invested a total of N1.75 billion, while 15,822 individuals accounted for N11.75 billion, bringing the total investment to N13.5 billion.

    Usiade, represented by Ms Bose Olafisoye from DMO Market Development, said individual investors accounted for 87.06 per cent of the total investment.

    He said 87.06 per cent was still below expectation, noting that DMO would embrace strategies aimed at attracting more investors to increase the figure.

    Usiade noted that 77 per cent of the individual investors were from the South-West.

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    He added that further breakdown of the geographical distribution of investors showed that eight per cent of investors were from the Federal Capital Territory and South-South, respectively.

    According to him, four per cent of the investors came from South-East and outside the country, and three per cent from North-East and North Central.

    Usiade added that Jigawa and Yobe states recorded zero subscriptions, while Lagos, FCT, Oyo and Ogun contributed 75.54 per cent of the total investment.

    “Eleven Distribution Agents (DAs) have not remitted any amount to the DMO from inception.

    “Such DAs that are yet to submit subscriptions in all the auctions as well as other DAs with marginal returns till the end of the year may be de-registered.

    “Given the analysis of the performance of the DAs, there is need for them to improve on their performance in order to meet stated objectives,” he said,

    Usiade said though modest progress had been made, the FGN savings bonds were far from achieving the stated objectives.

    Also speaking, Mr Oscar Onyema, NSE’s Chief Executive Officer, said the partnership of NSE with the DMO towards creating investment opportunities for retail investors in the debt market dated to the launch of NSE’s Retail Bond Market in 2012.

    “With the launch of the NSE Retail Bond Market, the exchange sought to promote financial inclusion, while stimulating retail investor participation in the Nigerian debt market,” Onyema said.

    He explained that prior to that time, investing in listed debt instruments had been dominated by institutional investors trading in wholesale denominations.

    Onyema said in March 2017, the exchange in collaboration with the DMO, launched the FGN Savings Bond having recognised the opportunity presented by the Nigerian demographic to diversify government’s funding sources and enhance national savings culture.

    “Since its debut issuance of NGN2.067bn, retail investors from across the six geo-political zones and the diaspora have invested in the FGN Savings Bonds with the DMO raising over ?13 billion from 2-year and 3-year bond maturities as at July 2019.

    “Despite these teeming efforts, only about three per cent of Nigeria’s adult population currently participate in the Nigerian capital market.

    “This is an indication that there is need for increased collaborative efforts in promoting higher levels of financial inclusion in Nigeria.

    “In achieving our strategic vision to become the preferred Exchange hub in Africa, we will continue to pursue initiatives that seek to increase domestic participation in capital market through increased access to investment solutions,” Onyema added.