Tag: owners

  • Statistics Bureau: Retirement Savings Accounts’owners hit 7.5million

    Statistics Bureau: Retirement Savings Accounts’owners hit 7.5million

    The  number of Retirement Savings Account (RSA) owners has risen from 7.4million to 7.5million, the National Bureau of Statistics (NBS) has said. It hit that mark between April and June.

    In a report on RSA Membership Distribution for Second Quarter of the year, posted on its website, NBS said the figure represented 10.93 per cent of the working population. It said this was not surprising, given the largely informal structure of the labour force, with about 50 per cent engaged in subsistence agriculture and informal trading.

    It also stated that micro businesses accounted for over 90 per cent of Micro, Small and Medium Scale Enterprises.

    The report said of a male working population of 36 million, only 5.3 million or 14.83 per cent registered in the pension scheme in the second quarter.

    Similarly, it added that only 2.1 million or 6.64 per cent out of a total female working population of 33 million registered in the second quarter.

    It said out of the 7.5 million RSA members, 71.04 per cent are men and 28.96 per cent are women compared to 71.10 per cent men and 28.90 per cent women in first quarter of 2017.

    The report further said the highest number of registered working population came from the age bracket of 30-39, followed by the working population within the age bracket of 40-49 and 50-59.

    It however said the least number of registered working population came from above 65 and the 60-65 bracket.

  • Lagos warns Mammy Market’s stall owners

    The Chairman of the Special Committee on the Clean- Up of Ikoyi and Victoria Island, Mr Tunji Bello has warned stall owners at Mammy Market in Giwa Barracks to desist from indiscriminate parking on Kingsway road, Ikoyi.

    Mr Bello, the Secretary to the State Government (SSG) spoke with newsmen yesterday after inspection to the area as part of preparations for the commencement of the Clean -Up of the inner streets.

    He said the activities of the motorists who patronise the market were causing a hindrance to free flow of traffic.

    He said the lanes on Kingsway Road have been reduced to single lane due to indiscriminate disregard for traffic.

    He said part of the options open to the government includes walling off the whole stretch of the setback and drainage alignment which has been converted to parking lots despite repeated warnings.

    He said the government is also in consultation with the Military authorities on how the process of convincing the stall owners to relocate the outlets of the markets from the roads could be sped up.

    He reiterated the preparedness of the committee to implement the directive of Governor Akinwunmi Ambode on the commencement of the Clean- Up of the inner streets from next weekend.

    Bello listed some of the streets that would be touched to include Cooper Road, Cameron Road, Ademola Street and Akanbi Danmola Street among others.

  • Centenary City land owners to stage protest

    Land owners on which the Centenary City is being developed will tomorrow, at 11am, stage a protest at the Federal Capital Development Authority (FCDA).

    The protest, which will be against the alleged land fraud in which the former Secretary of the Government of the Federation (SGF), Mr. Pius Anyim, was accused of being involved in, will begin at the FCDA and proceed to the National Assembly.

    Executive Chairman, Century 21 Real Estate Investment Trust Limited, Sir F.M. Osuji, stated in a statement that the demonstration will be “a peaceful protest by the real land owners”.

  • Odu’a’s dwindling fortune worries its owners

    Governors of the six Yoruba states comprising Oyo, Ogun, Ondo, Osun, Ekiti and Lagos yesterday in Ibadan bemoaned the dwindling fortune of Odu’a Investment Company Limited and resolved to, turn the business empire into a global conglomerate.

    It was on the occasion of the 40th anniversary commemorative lecture and awards presentation to the three founding Military Governors of Odu’a Conglomerate namely Major-General David Medaiyese Jemibewon (rtd), Group Captain Ita David Ikpeme (rtd) and Major-General Saidu Ayodele Balogun (rtd), under whose tenure in 1976 the idea was conceptualised.

    Speaking one after the other at the event held at Premier Hotel, Ibadan, the Yoruba governors lamented that some of the hitherto prosperous subsidiaries of Odu’a Investment including Nigeria Wire and Cable Plc, Lafia Canning Industry, Epe Plywood Limited, Sungas Limited and Odu’a Telecoms Limited (O’Net), among others, are presently in comatose.

    The state governor, Senator Abiola Ajimobi was on ground while the Secretary to the State Government (SSG) of the five other states stood in for their respective governors as they all expressed grave concern over the future of the conglomerate

    In his address, Governor Ajimobi lamented the deteriorating state of Odu’a Conglomerate which he blamed partly on the loss of the value system by the stakeholders.

    Ajimobi said: “The problems we are having now is that we have left many things we ought to do undone and leave for God to do. We are only celebrating survival today as this is not the level the Conglomerate ought to be. Our value system is gone. Our value system must be rejuvenated. Odu’a Investment must be re-invigorated.”

    He urged the management of the company to sit tight in its operation by investing more in agriculture especially in the area of cassava production in which the state (Oyo) and its counterparts in the Southwest geo-political zone has comparative advantage.

    The governor said the company should in its bid to generate more profit partner with other corporate organisations to manage some of its infrastructure and avoid bottlenecks.

    Representatives of the other state governments spoke in the same vein and called for massive investment in other sectors of the economy particularly hi-tech agriculture in which the jobless youth from the geo-political zone could be gainfully absorbed.

  • Lagos gives ultimatum to owners of illegal structures in Ikoyi, V/I, Lekki

    Owners of illegal structures, shanties, street hawkers and those who have converted walkways into trading points and food courts in Ikoyi, Victoria Island and the Lagoon Front of Lekki got a 14-day notice yesterday to remove their structures

    The Lagos State Government, which gave ultimatum through its Secretary to the State Government (SSG), Mr Tunji Bello, warned that the illegal structures would be removed by the State Special Task Force at the expiration of the ultimatum.

    Bello said the Task Force would move in to clean the areas and the owners arrested for prosecution.

    A statement by the SSG warned: “The owners of all illegal structures, shanties, abandoned buildings and all those who have converted road median to commercial uses in Ikoyi, Victoria Island and Lekki have between today (Monday) and two weeks’ time to comply or have the State Special Task Force on the Clean Up of the areas to contend with.”

     

    The statement added that owners of all abandoned buildings in the highbrow areas which are now harbouring prostitutes, illegal miscreants and unwanted elements, must clear the structures of such undesirable elements immediately.

    He warned owners of properties on the Lagoon fronts of Lekki Phase I who have littered the whole areas with compactors and several other deadweight equipments to remove them immediately.

    Bello said the government was concerned about the conversion of the frontages of properties and abandoned houses to kiosks and trading points by maids and guards as well as the unregulated activities of horticulturists, who have turned setbacks to ‘showrooms’.

    He reiterated the determination of the Governor Akinwunmi Ambode-led administration to restore the original master plan of Ikoyi, Victoria Island and Lekki, by checking the activities of roadside automobile repairers, who have reduced many dual carriage lanes to single lanes with indiscriminate parking.

    He said the government would no longer tolerate indiscriminate parking of vehicles, trucks, among others on drainage channels, adding that owners of such vehicles and properties with unkempt drainages will be prosecuted.

    Bello said it was totally unacceptable for people to stockpile and display wares such as bags of charcoal on major roads like Ahmadu Bello Way and Federal Secretariat Road, Ikoyi, stating that henceforth, such goods would be confiscated and the owners prosecuted.

    The statement reads: “We are using this medium to sensitise members of the public and residents of the affected areas who are involved in these illegalities to immediately take right action and do the needful as the state government will take the necessary steps to enforce its environmental and sanitation laws forthwith.

    “All those engaging in roadside display of wares, illegal street trading and all illegal squatters on undeveloped land and all those who have converted road median to commercial uses in Ikoyi, Victoria Island and Lekki are being advised in their own interest to put a stop to the illegalities.”

  • Taxing Abuja property owners

    Nigerian political office holders and their fronts with access to free state funds have come to be associated with irrational acquisition of properties they hardly inhabit, in and outside the country. “A large number of mansions in the most exclusive areas of London are owned by Nigerians”, the bemused British media once declared. As if to corroborate this claim, Kolapo Olapoju in a recent write up claimed ‘Google Earth virtual tour revealed that two Nigerians, James Ibori and Cecelia Ibru were among the world’s ‘six most notorious for acquiring valuable properties with stolen funds and corrupt means’. They are in ignoble league of Muammar Gaddafi, Mobutu Sese Seko, Imelda Marcos, and Teodorin Obiang, the son of President Obiang of Equatorial Guinea.

    It is hard to controvert such claim when one for instance is confronted with the fact that an incredible 103 properties in the United States, Nigeria, South Africa, Dubai and London were in 2009 seized from Cecilia Ibru, the former Managing Director of Oceanic Bank PLC who was also sentenced to six months in prison for fraud and ordered to hand over $1.2 billion in cash and assets; or when James Ibori, described by his London Prosecutor, Sasha Wass as “a thief in government house”, was credited with a fleet of cars such as armoured Range Rovers costing £600,000, £120,000 Bentley, £300,000 Mercedes Benz and  six properties in London, including a six-bedroom house with indoor pool in Hampstead at a cost of £2.2million and a flat opposite the nearby Abbey Road recording studios.

    And while we raged against David Cameron for describing our nation as ‘a fantastically corrupt country’, we were confronted with a UK Daily Mail’s publication of mansions owned by Nigerians in London which it described as “palaces of corruption”.  This was followed by the report of Global Coalition Against Corruption that claimed “about 57 other Nigerians including   Diepreye Alamieyeseigha, Joshua Dariye, the late Abubakar Audu, Chimaroke Nnamani, Lucky Igbinedion, Diezani Alison-Madueke and  13 ex-governors on trial for financial crimes, some former ministers either on trial or under investigation, some indicted top bankers’ may forfeit  their foreign assets”.

    Back home, EFCC in January this year announced the seizure of N10b properties owned by Alex Badeh just as it claimed it traced another $2.8m properties owned by his daughter to the US. In June, EFCC announced the seizure of 29 properties including an N980m shopping plaza, a N450m residential mansion, a N710m executive mansion and anotherN720m four-unit terrace in choice areas of Abuja from three ex-Air Force chiefs – Air Marshal Adesola Amosu; Air vice Marshal Jacob Adigun (retd.); and Air Commodore Olugbenga Gbadebo (retd.). EFCC followed with the announcement of the seizure of Fayose’s N1.35bn properties made up of four duplexes on Victoria Island in Lagos State and Maitama, Abuja.  This was soon followed by EFCC’s seizure of four houses worth N872 million from a former Minister of the Federal Capital Territory, Sen. Bala Mohammed, and three duplexes costing about N222 million in the Apo Area of Abuja from Shamsudeen Bala, his son.

    Although not a few Nigerians are outraged by EFCC scandalous revelations, they  nonetheless merely exemplify the depth of rot in Abuja where there is hardly any minister, governor  or a lawmaker who served between 1999 and 2016 who do not own a mansion, an hotel, an estate, a shopping plaza or a farm. We may therefore not in all conscience say that those EFCC has fingered are any more guilty than ministers and lawmakers who deployed  proceeds of budget padding or unimplemented constituency projects towards acquisition of choice properties in Abuja .

    Although because of the slow pace at which the wheel of justice grinds in our nation, (apology to ex President Jonathan) and since in the name of democracy, the law crafted by the political elite does not allow us question the source of new found wealth of political office holders who yesterday could only afford a modest bungalow after a life long struggle or those who had nothing before becoming lawmakers in their thirties, but within four years tour of duty became transformed into proud owners of multibillion Abuja mansions, I don’t think government is totally helpless.

    Here again, APC government is not being called upon to invent the wheel. All they have to do is borrow a leaf from the enlightened British political elite from whom we copied the liberal democratic process. Precisely because they understand that the well-being of the poor and the disadvantaged is the only safeguard for the safety of the leisured class who have taken more than their proportionate share of their nation’s resources, properties owned by the latter (including mansions bought by Nigerians with stolen funds) are heavily taxed. The tax returns are thereafter channeled into building of Council flats for low income earners in all the counties. The Local Council officials collect rent with which the council flats are maintained. And where some cannot afford the heavily subsidised rents in the council flats, government come to their aid and even provide food to ensure no one is without roof over his head or go to bed without food. They know this is the only way the rich can live in peace.

    With the rejection of the above tested path by an unenlightened Nigerian political elite  headed by Obasanjo, Jonathan and their greedy lawmakers who preferred to confiscate land and properties they held in trust for the poor between 1999 and 2015, what is expected of government of change is a new beginning, starting with the path never taken. It was for this reason Nigerians voted for change. Nigerians are opposed to lawmakers expending taxpayers’ money of SUV toys. Nigerians who saw the immediate past British Prime Minister, David Cameron drive out of 10 Downing Street after six years in office in his small personal car with his family are not asking for too much. But what they got in contrast under a government of change is a lawmaker Abdulmumin Jibrin, 39 who came out of thirty something million naira SUV Landcruiser and walked with a swagger to Abuja EFCC’s office to lodge complaints about alleged budget padding by 13 of his colleagues.

    Nigerians expect Buhari and APC to set a new tone. The mood of Nigerians after 16 years of Obasanjo and his PDP profligacy is that lawmakers who cannot ride assembled in Nigeria Peugeot vehicle as official cars should trek. Nigerians who voted for change expect cash-strapped Buhari and his APC government to take the census of property owners in Maitama and Asokoro areas of Abuja for the purpose of taxing the idle parasitic owners in order to bring relief to thousands without homes in Abuja without whose contributions the city decays. And finally the mood of Nigerians who voted for change is for APC government to copy the prevailing law of inheritance in a welfare state like Britain that allows imposition of taxes or outright confiscation of properties of idle children of fraudulent fathers who in their twenties and without visible source of income inhabit N300m mansions in Abuja.

    I think beyond blackmail, Buhari and APC have nothing to fear. If the push comes to shove, politicians who have defrauded their states as governors, the nation through budget padding which dates back to 1999 or their constituencies through unexecuted projects may be asked to explain the sources for the funding of their multi-billion Abuja properties.

  • Club Owners praise CHAN Super Eagles

    Club Owners praise CHAN Super Eagles

    The expanded meeting of Club Owners at the weekend commended the CHAN Super Eagles for their good performance in the on going African Nations Championship holding in Rwanda.

    Rising from its meeting held at the Deluxe Hotel, Kaduna, the association went ahead to urge the Home based Eagles to strive to win the trophy for the country, and be good ambassadors of the NPFL.

    The club owners commended the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, President Muhammad Buhari for honouring the 1985 U-17 World Cup winners, the recent victorious U-17 World Cup winners as well as other categories of sportsmen and women who did the nation proud.

    They urged members to make the welfare of their players paramount, and ensure they seek alternative sources of sponsorship through sponsorship and enhanced commercial/marketing drives.

    The meeting further resolved as thus:

    .Reviewed the last NPFL league season 2014/2015 and described it as the best organised in recent time.

    .Commended the LMC for a job well done in the management of the league, and praised the efforts of all the stakeholders for the feat achieved so far.

    .Urged all member- clubs to put the welfare of their players, coaches and staff in topmost priority by ensuring prompt payment of entitlements.

    .Welcomed the newly promoted clubs and inducted their chairmen/managers as members and urged them to see the club owners association as one united family. Thereafter wished the relegated clubs a quick return to the top flight league.

    .Confirmed the incorporation of the association with its registration at the Corporate Affairs Commission as Football Club Owners Association of Nigeria.

    .Support for sports, football in particular, as well as the leadership of the Nigeria Football Federation for the successes and stability so far in the nation’s football.

    .Thanked all the out going directors of the LMC from the club owners for their service and urged those to be appointed newly to work and consolidate on the achievements recorded in the League

    .Commended the efforts of the respective private club owners, state governors who support and sustain their state owned clubs despite the harsh economic situation in the country, and enjoined the state football associations to work with the clubs to improve their revenue drives in order to compliment individuals and government efforts, via strict enforcement for all categories of persons to pay to watch matches.

    .Unanimously commended the leadership of the association in the last two seasons in acting capacity, and via a jointly supported motions endorsed their continuation in a substantive capacity in line with the provision of the association’s constitution.

    .Approved and okayed the LMC’s proposed kick off date of February 21 for the new season 2015/2016.

    .Praised the Minister of Youths and Sports, Solomon Dalung for his show of support for sports, football in particular, as well as the leadership of the Nigeria Football Federation for the successes and stability so far in the nation’s football.

  • Business owners issue one month ultimatum to DISCOs

    Piqued by the eratic power supply, Business owners in the South East have issued electricity companies one month ultimatum to either improve or face court action.

    They argued that the outage was not as a result of shortage in power generation, but due to incompetence on the part of the companies.

    Speaking at the weekend, Chief Sam Nwosu, Chairman, SACON Group who spoke on behalf of business owners in the South East, also called on the Federal Government to probe activities of the Electricity Distribution Companies (DISCOs) operating in the country.

    The group said they have been left with no other choice, adding  that businesses have continued to suffer untold economic hardship as a result of poor power supply despite the improvement in power generation.

    Nwosu in a petition noted that businesses have not been able to enjoy up to one hour power supply in the East compared with other parts of the country.

    Calling for the urgent intervention of the Federal Government, he said the power companies in the East have not displayed any level of competence.

    Nwosu also said that from close observation, it is obvious that due diligence was not carried out on most of the companies. He therefore called on the  government to look into the contract sales of the DISCOs and should any one fail the integrity test, such a contract should be revoked.

    The petition which was made available to Journalists reads: “we are also aware of the remarkable improvement in electricity supply across the country.

    “But unfortunately, we are not enjoying any of it here in Akwa, Anambra state. Yet at the end of the month your company sends us heavy bills including your “fixed rate” charges for services not rendered.

    “We are therefore constrained at this time to speak out and alert the National Electricity Regulatory Commission (NERC), the federal ministry of power, the Consumer Protection Council (CPC), Human Rights organisations, the newly appointed senate committee of inquiry on the activities of DISCs on our prolong and seeming intractable and insurmountable hardship.”

  • Lagos to prosecute owners of stray animals

    To keep Lagos State safe, the  government would prosecute the owners of stray animals.

    In a statement by the  Ministry of Agriculture, signed by its Assistant Director, Press and Public Relations, Tunbosun Ogunbanwo, the government said it would no longer fold its arms and allow the menace to persist.

    It said: “In spite of the government’s concern and awareness campaign on the danger posed by these stray animals in the society, the menace is still on the rise. Apart from causing accidents on our roads, these stray animals could also spread contagious diseases such as anthrax, rabies, tuberculosis and other ailments that could lead to death.”

    Also, the statement reiterated that the state government was sending Agric-Marshals to local government areas and local council development areas as part of its stray animal control policy to end to the menace.

    “The state government expressed concern and would no longer tolerate the culture of releasing cattle at night on major roads and highways in the metropolis” the statement warned.

    It urged residents not to panic but move to a safe place when they meet stray animals, such as cows, horses, dogs, pigs, rams, goats, and monkeys. Residents, according to the statement, are enjoined to cooperate with the authorities to rid the state of stray animals while owners of such animals are also advised to take adequate care of them to avoid confiscations.

    Residents are, however, advised to call any of the following dedicated lines for immediate response if accosted with any of these stray animals; 08077775657, 08057761762, 07033348402 and 08023934920.

    “Together, we can make Lagos a safe place if we all say no to stray animal on our road, and safe lives,’’ the statement added.

  • Reduce taxes for private schools, owners urge

    Private schools under the umbrella of the Association of Formidable Educational Development (AFED) have urged the Federal Government to enact low-cost mass education model policies to be able to sustain low cost educational services.

    These policies, they said, should incorporate the establishment of an education bank with low interest or non-interest rates, grants, loans for the services providers, training and capacity building and reduction in tax.

    Its National President, Mrs Ifejola Dada, said this at a briefing to mark the one-week Eighth National Congress of AFED.

    The congress, which holds tomorrow, has as theme: “The AFED low-cost mass education model sustainability measure in the era of global economic recession.”

    She said: “We are faced with double taxation from the government. We should be tax-free because we are low-cost services providers. The government should not allow their agencies to encroach into our schools.

    “They will say we should pay for water, dustbin waste, gutter waste and so many other taxes and they will tell you right away that you must have many toilets or else they will close down your school and will still collect money from you. Which purse is that money going to? We really need the government to come to our aid because we ae assisting them to provide quality education for all.

    “We charge as low as N5, 000 for school fees; in Epe, N3, 000. Money for approval has increased and that means we have to increase school fees thereby sending the children back to the streets. If the government can pay N39,000 per child in government schools they can as well assist us.

    “We discover that there are many children hawking on the street. We want the local government to ensure that they don’t allow children to hawk.”