Tag: Nigerian

  • Fed Govt condemns Nigerian teenager’s killing in London

    The Federal Government has condemned the stabbing to death of a Nigerian teenager, Fola Orebiyi, in London.

    Senior Special Assistant to the President on Foreign Affairs and Diaspora Mrs Abike Dabiri-Erewa said the killing of Orebiyi was becoming worrisome.

    The presidential aide called for full investigation of the incident .

    In a statement by her Special Assistant on Media, Abdur-Rahman Balogun, she  said Nigeria would not condone the execution of her nationals abroad.

    Mrs Dabiri-Erewa urged Nigerians to support President Muhammadu Buhari’s administration in making Nigeria a better place.

    Orebiyi was stabbed to death in a street clash on Sunday July 3, in Notting Hill, London by a gang of youths. He was  chased into a busy road where he was stabbed in the neck in front of shocked passersby and tourists.

    Following the stabbing, he collapsed and bled to death and all efforts by the police and paramedics to resuscitate him, proved abortive.

    The deceased’s neighbour, Osman Sahal, told the police: “He was a nice boy and very considerate; none of us can understand how this could have happened. As far as I knew, he was never in trouble. I suppose we must now wait for the police to investigate.”

  • Fed Govt urges UK to probe stabbing of Nigerian teenager

    The Federal Government has condemned the stabbing to death of another Nigerian teenager in London, United Kingdom (UK).

    Mrs. Abike Dabiri-Erewa, senior special assistant to the President on Foreign Affairs and Diaspora, said the killing of Orebiyi and other extra-judicial killing of Nigerias in UK was worrisome.

    The Presidential aide called for a full investigation of the incident and urged the UK government to ensure that justice prevails.

    In a statement by her Special Assistant on Media, Abdur-Rahman Balogun, Mrs. Dabiri-Erewa said the killing of 17-year-old Fola Orebiyi was unacceptable to the government and people of Nigeria.

    Condoling the family of the deceased, she prayed unto God to give the bereaved family the fortitude to bear the painful loss.

    She said while Nigeria would not condone crime and criminal tendencies, it takes exception to the harassment, killing and execution of its nationals abroad.

    Mrs. Dabiri-Erewa urged Nigerians to support the President Muhammadu Buhari administration in making Nigeria a better place.

    Orebiyi was reportedly stabbed to death in a street clash on Sunday, in Notting Hill, London, by a gang of youths.

    He was reportedly involved in a fight on a nearby estate with the gang, which chased him into the busy road, where he was stabbed in the neck in front of shocked passersby and tourists.

    The boy collapsed and bled to death and efforts by the Police and paramedics to resuscitate him failed.

    The deceased’s neighbour, Osman Sahal, told the police: “He was a nice boy and considerate; none of us can understand how this could have happened.

    “As far as I knew, he was never in trouble. I suppose we must now wait for the police to investigate.”

    Orebiyi, who completed his General Certificate of Secondary Education (GCSE) at Holland Park in London, was studying for his A’ Levels at the Chelsea Academy.

    After the incident, a yet-to-be identified 15-year-old boy was arrested by the London police.

    An anonymous teenager was quoted to have told the police: “I know what happened; he was protecting a friend over a silly beef, which turned violent.”

  • U.S. to move against Nigerian looters

    •Envoy silent on alleged sex scandal against lawmakers

    Outgoing American Ambassador to Nigeria Mr James Entwistle has said his country will not allow looters launder Nigeria’s funds in United States banks.

    Entwistle spoke on the U.S. 240th Independence anniversary in Abuja at the weekend.

    He denied any controversy by America against buying oil from Nigeria.

    “As you fight corruption, we offer technical assistance, training for investigators and prosecutors, and a commitment to ensure that no stolen funds are laundered through our banking system,” he said.

    He went on: “There is no conspiracy for the U.S. not to buy oil from Nigeria. Price of oil is determined by international market and any business people will get the best product for the best price. That something happens to us with our oil! But I wish you listen to my last statement where I talked about the importance of the private sector, the commitment of the US companies to help build this country (Nigeria).”

    On the economy, Entwistle urged the Muhammadu Buhari-led government to create an environment that would attract more foreign investment into the country.

    He said: “I am not much of an economist but I think the government is starting in the right direction and things as fuel subsidy, exchange rate, things like that, I will encourage them to continue to create an environment that is welcoming to foreign investment. Some of the biggest U.S. companies in the world are here, they’ve been here for decades, they are happy. So it’s better to maintain an environment that will attract more foreign investment.”

    On his reaction to the controversial sex scandal against the three House of Representatives members, the ambassador said: “I have nothing to say about that.”

    The envoy said the future of Nigeria belongs to the people of Nigeria.

    “The future of Nigeria belongs to Nigeria. More specifically, it belongs to Nigeria’s heroes – to those men and women who are brave enough to believe that they can change the word. And the United States stands with every Nigerian who believes that this country can be healthier, safer, and more prosperous.”

    He decried the humanitarian crisis in the Northeast.

    Entwistle, who lamented the level of suffering in the region as a result of Boko Haram activities, said people are dying of starvation and this should not be.

    He assured Nigeria of U.S. support in the final push to route Boko Haram in the Northeast and other security challenges.

    He said: “ As you fight Boko Haram and secure and rebuild the Northeast, and as you strive for harmony in the Niger Delta and across the land, we will continue to help in every appropriate way. Indeed, let us redouble our efforts on the humanitarian front in the Northeast. Nigerians are dying of starvation in Nigeria. How can that be? he queried.

    Quoting copiously the famous phrase of President John Kennedy, which says, “ask not what your country can do for you, but what you can do for your country, the envoy said ‘’he cannot wait to see what Nigerians will do, and can do together not just for political freedom but for the freedom of all.”

     

  • First Nigerian model to be featured in YSL, D&G

    LAST week, Nigerian model Mayowa Nicholas became the first Nigerian to be featured in a Dolce & Gabbana campaign for their Fall/Winter 2016 campaign shoot in Napoli, Italy.

    And now she has become the first Nigerian model again to feature in the Yves Saint Laurent (YSL) most recent campaign.

  • WE ALMOST FORGOT: NIGERIAN PROVOKES THOUGHTS WITH CONTEMPORARY DANCE

    AFTER a successful showcase in Berlin, Germany, the much talked about Nigerian dance show, We Almost Forgot, WAF, returned with a bang, leaving so much to desire by the Lagos and Abuja audiences.

    The Lagos premiere which was part of the Lagos Live Arts Festival at the Freedom Park, Broad Street, Lagos State, on Friday June 24, gave Qudus Onikeku more than the one thousand people he’d estimated will watch his show.

    Taking a sweeping glance at the audience, you’d see in their countenance, a seriousness with which they watch the 6-cast create a non-verbal dance with so much melee (albeit bloodless) and a craze that typifies today’s society which in his creative philosophy suggests how ‘we almost forgot’ that the world was created with sanity and mankind was meant to co-exist peacefully.

    “The performance aims at exploring memory and amnesia, what has the past got to offer the present beyond history? The idea is to make a fiction of witness accounts, of stories of individuals who have witnessed wars and crises, and to evoke the capacity of our bodies to also keep such memories of trauma,” says Onikeku, artistic director and founder of YK Projects Paris and the QDanceCenter, Lagos.

    Onikeku’s play is reminiscent of Michael Jackson’s Man In The Mirror: “I’m Starting With The Man In The Mirror; I’m Asking Him To Change His Ways; And No Message Could Have Been Any Clearer; If You Wanna Make The World A Better Place; Take A Look At Yourself, And Then Make A Change…” says the late pop singer.

    Onikuku himself takes the lead in the one-hour drama, with an actress whose narrative further provoked the thoughts of the audience. WAF is as energetic and soft at the same time, thanks to the dancers whose flexibility speaks of a high degree of rehearsal and mastery of the body language.

    Complex but clear, Onikeku’s play uses high energy movements, singing and intricate music to tell a potpourri of stories of war, crime, starvation, abuse and weirdness where everyone is victim and villain at some point.

    “I want to dance about peace, but since the world denies me of such proximity with beauty from all around me, that out of the sorrows and tears, the discordance and the screams one could extract art works that are essentially both beautiful, meditative and contemplative,” he says, adding that “our world is a world of casualities and like so many survivors, I still jump at the sound of a loud noise, sights and sounds smells-anything can unexpectedly take us to those memorial spaces, where we’d rather not go.”

    The underlining message is that while the unusual has become the norm, we are reminded once in a while, of the law of retributive justice.

    Every step, twist of the waist, of the finger, of the head and eye show how much an actor the cast members are. And because the stage leaves nothing to virtual imagination, the actors excite, even more, with their original stunts, just as the stage transports spectators to the countryside of great hills, mountains, valleys and caverns in a forest of weathering leaves.

    The Lagos leg of the show was followed by another in Abuja on Sunday June 26, hosted by the National Universities Commission, just as he is planning a Paris premiere on November 3.

    The project has received active support from developmental agencies such as Bank of Industry, Goethe Institut, The French Institut and the German Embassy.

    This work, which is Onikeku’s latest creation, pooled its cast from Nigeria, Gabon, Morocco, Algeria, Madagascar and France.

    Onikeku is a graduate of The National Higher School of Circus Arts, France. For close to two decades now, he has constantly pushed the limits of dance beyond the shores of Africa. He is part of the new generation of international creators, whose works are redefining and refining African cultures and philosophy. He is known globally for his solo works, writings and research projects.

    He was awarded “Dancer of the year” by the Future Awards in Nigeria in 2009, while in October 2010, his solo piece titled My Exile is in my head won “the best solo performance” during the Africa-wide dance encounters “Danse l’Afrique danse” in Bamako – Mali, and the 2012 “New choreographic talent” in France. A TED global fellow nominee and a visiting professor to the University of California, Davis, Qudus is a fluid traveller who shares his time between borders, but presently involved in various artistic projects, teachings and collaborations in Lagos, through The QDanceCenter.

  • ‘My road to academic excellence in U.S’

    ‘My road to academic excellence in U.S’

    It is a popular saying that the full reward for hard work, diligence and perseverance is success.

    This was not any different for Ottith Vincent Chimezie, a hardworking Nigerian who broke a 40-year record at Ohio Technical College by graduating with an average GPA of 4.0 in Wielding Technology in both the Diploma and degree programs.

    This was after making straight “A’s” in all his courses.

    His story was that of a typical Nigerian desperate for any opportunity to improve the quality of his life in order to eke out a living.

    Vincent left Nigeria for United States few years ago with the desire to earn a living as professional Welding, Fabrication and Blueprint Engineer.

    This desire led him to the best welding and Technology institute in the U.S, Ohio Technical College / Power Sports Institute, fondly called “The Harvard Welding School of Technology” an ivy school with state of the art facilities and sponsored by the world auto makers situated in the heart of Cleveland Ohio.

    Vincent could have thought all his problems were over despite securing admission into a prestigious institute, but his challenges had just begun.

    Despite his lack of expertise in the course, he was faced with rejection on accounts of his race.

    In a chat with The Nation, an excited Vincent said: “I was underestimated every day in the class. I was discriminated against, due to my African origin and accent but I brazed the challenge.”

    He was inspired by success stories of how his compatriots had done the nation proud in the various fields despite initial challenges.

    “When I got into the school, I officially enrolled into a diploma course for two years. However when I got into that school, I realized that they equally offer a degree program in the same field of study.

    “You can only get into the degree program after a successful completion of the diploma course or if you are capable of combining the two courses simultaneously of-course with additional cost on admission and tuition.

    “So, I did the unthinkable, I shockingly applied to the school authorities for these two programs,” he added.

    So determined to make his mark, Vincent ignored pleasure and dedicated himself to intense studying.

    “I chose to study after church on Sundays. I begin lectures by 7:30am -1:45pm. The second lectures begin from 2:00- 4:00pm.Mondays through Fridays.

    The school curriculum is fashioned in a way that, there is no break other than the U.S national holidays.”

    “Though it was very excruciating, energy sapping and adventurous at times, I hardly got two hours of sleep a night, studying all the day. I was nicknamed Prof couple of times (laughs). I regretted ever combining these studies, but the ‘CAN DO’ spirit of Nigerians kept me going.

    Not long after, the hard work started paying off, honor rolls, perfect attendance and the rest.

    On June 24, 2016, The whole of U.S stood up for a Nigerian voted by his fellow students as the citizen of the year, selected by the school authorities as the outstanding international student of the year and inducted four times into honor roll.

    An elated Vincent said, “The recitation was so strong that I almost slumped at the graduation podium. I was practically held by a professor.”

    “I achieved two certificates in two years instead of four years. Voted by his fellow students as the citizen of the year and selected by the school authorities as the outstanding international student of the year. I was also inducted four times into honor roll and received perfect attendance award.

    “What can I say? If you can dream it, you can achieve it,” he concluded.

     

  • That Nigerian varsities may be truly autonomous

    Elder Statesman and Founder of Afe Babalola University, Ado-Ekiti (ABUAD), Aare Afe Babalola, SAN, has called for a strict obedience of the laws limiting the powers of Visitors, Vice Chancellors and Councils of universities if the autonomy of the university system is to be preserved in the country.

    Pursuant to this, he advised government functionaries to begin to appreciate that universities, polytechnics and colleges of education are not departments or appendages of either the Federal or State Ministries of Education.

    Babalola, who spoke while delivering the Convocation Lecture, titled “University Administration: the Role of Stakeholders” at the 21st Convocation of the Ekiti State University, Ado-Ekiti, last week said: “The unconstitutional and illegal violation of University Laws by successive governments, Federal and State, ministers and officers of government makes it imperative that we should examine the role of stakeholders in university administration”.

    Babalola, who served as Pro Chancellor of the University of Lagos (2000-2007), emphasised the need for Pro Chancellors to appreciate the burden on them.

    He said: “It is necessary to emphasise here that the Pro Chancellors need to appreciate the burden on them. The success, failure, peace and order of the university rest on them and they take responsibility for everything, good or bad. They and their Councils must embark on policies that will ensure the smooth-running of the universities especially those that affect the development of the universities, contracts, employment of good quality lecturers, finances, including income and expenditure and auditing of university account.”

    Babalola also frowned at the prevailing situation whereby Councils are dissolved and not re-constituted soon after. To him, “such an unwholesome practice leaves so much to be desired apart from running foul of the intent and spirit of the law (establishing the universities)”.

    He recalled his experience in May 2004, when Councils of Universities were dissolved by Radio announcement and were not re-constituted for over 11 months as a result of which the universities lost the steam of progress.

    “All those who were working on university projects under the new policy stopped work because they claimed that there was no guarantee of prompt payment anymore. It was a similar experience in efforts to re-organize income-generating units. The Endowment campaign stopped”.

    He added: “The Developers in Build Operate and Transfer (BOT) projects left sites unceremoniously because of loss of confidence. I am also aware that the Vice Chancellor had problems with other areas of administration including but not limited to promotion, appointment and request for approvals for critically important actions to make the university function properly. It is my advice that there should not be undue delay in constituting the Councils of Universities”.

    The Octogenarian also faulted the tendencies of Presidents and Governors to dissolve University Councils on assumption of office just as they dissolve those of other Parastatals of the government.

    For example, he recalled that when Alhaji Umar Yar’Adua took over as the President in 2007, he descended on the University of Lagos Council which was constituted in 2004 and had one year more in office. The Secretary to the Government announced the immediate dissolution of all parastatals including University Councils. The same trend continued when on July 16, 2015, the Federal Government announced the decision of the President Muhammadu Buhari to dissolve the Governing Boards of Federal parastatals, agencies and Institutions.

    As it were, it would appear that over the years, government has not been able to see the intricate and time-tested nexus between stable university administration and stability in the educational sector. A situation in which the tenure of Governing Councils of Universities is not secure and the composition thereof is seen as an opportunity to reward political loyalties is not one that augurs well for our Universities.  By law, University Vice-Chancellors have inviolable tenure of five years. They should be allowed to complete their tenure or proper statutory and transparent procedures be adopted, if they are accused of any wrong doings.

    That is the way it is done in other climes. Ours cannot be different. We have to do things the way they are done elsewhere for us to achieve positive and pleasant results.

  • Lebanese flees with Nigerian customers’ $487,700

    The police have launched a manhunt for a Lebanese Bureau De Change (BDC) operator, Aly Sahad, who allegedly absconded with a customer’s $487,700 (about N178million).

    Sahad was said to have fled with the cash after the owners gave it to him in his office, SAMAX Manufacturers and Distributors at 5, Idowu Taylor Street on Victoria Island, last Tuesday.

    It was learnt that three men –Salisu Shuaib, Abdulsalam Isiaka and Mohammed Grima – reported to the police after waiting in vain for the suspect, who told them he was going to the bank to perfect the transaction.

    The complainants were said to have given the cash to the suspect for the naira equivalent to be remitted into their accounts.

    Sahad was said to have dug a hole on the wall through which he threw the cash out without raising suspicions, while the victims waited at the reception.

    The victims became worried when his workers told them at about 6pm that they were closing for the day.

    But they refused to leave without their money or the naira equivalent.

    The workers were said to have forced the door open and found a hole on the wall.

    It dawned on the victims that they had been duped and they went to the police station to report.

    It was learnt that the suspect, who tastefully furnished his office, is yet to pay the interior decorator and furniture company.

    He was said to have promised to pay them today; he also hired two taxi drivers, promising to also pay them today.

    The suspect allegedly slept with two prostitutes on credit, promising to pay them today.

    His 10 workers, who were employed two weeks ago on a monthly salary of N70,000, each, told the police that they were yet to be paid.

    The Nation gathered that the police went to the hotel where the Lebanese lodged and found that he had fled, leaving behind his clothes and other personal effects.

    Footages from the hotel’s Close Circuit Television (CCTV) showed that he might have fled with just a small bag he was holding.

    Police spokesperson, Dolapo Badmos, a Superintendent (SP), said the International Police (Interpol) had been contacted, adding that detectives were working on a lead.

    She said efforts were being intensified to track the suspect, adding that the case will be transferred to the State Criminal Investigation and Intelligence Department (SCIID) at Panti, Yaba, Lagos Mainland.

  • Fitch rates Nigerian banks well on devaluation effect

    Fitch rates Nigerian banks well on devaluation effect

    Nigerian banks are sufficiently well capitalised to absorb the impact of the 40 per cent effective devaluation of the Naira against the US dollar, Fitch Ratings stated in a release on Thursday.

    The Central Bank of Nigeria (CBN) on Monday started the implementation of its new flexible foreign exchange (forex), leaving the Naira to float freely with market forces.

    Fitch explained that currency devaluation affects banks’ capital ratios largely because total risk-weighted assets are inflated when foreign currency (FC) assets are translated back into naira, while capital is denominated in local currency.

    The global rating agency assigned ratings to 10 Nigerian banks and its assessment was that, with a 40 per cent effective devaluation, the majority will not face an immediate breach of regulatory capital adequacy ratios (CARs).

    However, if the naira continues to weaken, buffers between minimum and reported CARs may decline to a level which heightens ratings sensitivity.

    Fitch-rated banks report CARs ranging from 14 per cent to 21 per cent. The devaluation will impact ratios in different ways across rated banks, depending on the level of their FC risk-weighted assets and the size of their net open FC positions. On average, 45 per cent of net lending in the Nigerian banking sector is extended in FC, almost entirely US dollars. Balance sheets tend to be reasonably well-hedged, although CARs are primarily affected by the revaluation of their FC risk-weighted assets into Naira.

    “In our view, the immediate impact of effective devaluation on CARs reported by Fitch-rated banks will be a two per cent average reduction. Any erosion of capital ratios may be short-lived because banks are profitable despite the unfavourable operating environment. Rated banks reported a 14 per cent average return on equity in first quarter of the year. Expectation is that dividend pay-outs will probably be conservative in 2016, while internal capital generation is expected to remain healthy,” Fitch stated.

    The report however noted that banks’ ability to continue to generate solid performance indicators will largely depend on developments in asset quality and loan impairment trends, pointing out that impaired loans represented an average of 5.5 per cent of gross loans across our portfolio of rated banks at the end of first quarter 2016, which is reasonable considering the tough operating environment.

    “Loan loss cover is adequate for most banks, but it expect impaired loan ratios to rise in the wake of the naira devaluation. This is because some Nigerian corporates are not adequately hedged by FC income streams and may find it more difficult to service their FC loans. Most major Nigerian corporates are well hedged,” Fitch stated.

    According to Fitch, the success of the forex move in attracting portfolio inflows and foreign direct investment has yet to be tested but if successful, and FC supply rises, FC liquidity for banks will ease which would allow them to meet FC demand, and meet their internal and external FC obligations.

  • Brexit to hurt Nigerian- EU exports

    The decision of the United Kingdom (UK) to leave the 28-nation European Union (EU), popularly known as Brexit, is expected to further weaken the declining Nigerian-EU trades. The UK, the gateway to large part of Nigerian-EU exports, is now facing prospects of duty and other charges in trade relations with the other EU countries.

    The UK is one of the major entry points of Nigerian products to the EU. Duty is collected only at the port of entry into the EU, which means that movement of Nigerian goods from UK to the EU has been duty-free. With Brexit, Nigerian products entering EU through UK will now have to be subjected to duty payment and other charges which will increase the price of Nigerian products and make them to become less competitive. This also means that the sale of Nigerian products to the EU is likely going to drop.

    The 28-member countries of the EU include Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.

    The EU-Nigeria trade statistics over the years have shown a negative trend. Data provided by the European Commission’s Directorate General  for Trade indicated that Nigeria ranked 27th as EU total-imports and exports, trade partner in 2015. Nigeria’s share in EU imports and exports was 1.1 per cent and 0.6 per cent respectively in 2015. Annual growth rate for EU-Nigeria imports and exports was negative at -34.6 per cent and -7.4 per cent respectively in 2015. A five-year review between 2011 and 2015 indicated negative annual average growth rate of -6.8 per cent for imports and -4.7 per cent for exports.

    Nigeria had two weeks ago rounded off a week-long trade mission to the UK as part of efforts to boost exports to the UK, and by extension, the EU. One of the highlights of the week-long mission was the launch of the Export Nigeria Club (ENC) in the UK. The ENC was devoted to promoting Nigerian exports, especially non-oil exports.

    A report by the National Bureau of Statistics (NBS) showed that Nigeria mainly exported goods to Europe and Asia. The report for the third quarter 2015, released recently, showed that the value of Nigeria’s merchandise exports totaled N2.33 trillion, with Europe and Asia accounting for N925 billion or 39.6 per cent and N682.5 billion or 29.2 per cent.

    The report showed that Nigerian exports were mainly to India, Netherlands, Spain, United Kingdom and Brazil, which accounted for N408.2 billion or 17.5 per cent, N245.1 billion or 10.5 per cent, N211.4 billion or 9.1 per cent, N192.2 billion or 8.2 per cent and N169.4 billion or 7.3 per cent of total export value.