Tag: USA

  • USA coach admits: Eaglets were better

    USA U17 team coach, Richie Williams has admitted his team lost to a good Nigeria side on the opening day of the FIFA U17 World Cup in Chile.

    The coach regretted the chances his team lost, saying if they had converted them they would have affected the result of the game.

    “We are obviously disappointed because of the outcome. We played a good first half, we were balanced, solid and we even created some chance that we were not able to convert,” said Richie Williams, whose team face Croatia on Tuesday in their second game of the competition.

    “Nigeria scored two quick goals, but thanks to unfortunate errors on our side. We were hoping to be more effective, but we lost against a good Nigerian team.”

    Saturday’s result was a repeat of the only other clash between the two countries in 2001, when Nigeria also triumphed 2-0.

  • Boko Haram: US condemns recent attacks

    Boko Haram: US condemns recent attacks

    United States (US) has strongly condemned the recent attacks in the North East of Nigeria.

    In a press Statement by John Kirby U.S. Department of State Spokesperson, Washington, D.C. reassured Nigeria of continued support in the fight against terrorism.

    The statement reads: “The United States strongly condemns the raids on villages in northeast Nigeria on August 28, and we extend our sympathies to the families and loved ones of the civilians who were killed and injured.

    “These recent raids are just additional examples of the horrific and indiscriminate violence that Boko Haram continues to use to terrorize civilians in northeast Nigeria and the Lake Chad Basin region.

    “August 27 marked the 500th day since Boko Haram kidnapped 276 girls from their school in Chibok.  We send our continued condolences to the families and loved ones of the girls who remain missing.

    “The kidnapping of the school girls in Chibok galvanized international attention for the Boko Haram conflict.  It is one of many attacks, kidnappings, raids and other acts of indiscriminate violence that continue on a frequent basis in Nigeria, Chad, Niger, and Cameroon.

    “The United States continues to support the governments and people of the Lake Chad Basin region in their ongoing struggle to degrade and defeat Boko Haram.

    “We contribute to these efforts through a number of security and counterterrorism assistance programs, which provide intelligence, advisors, training, equipment, and logistics.  We actively provide support on a bilateral basis and through the Multinational Joint Task Force, which the Lake Chad Basin countries and Benin are standing up to coordinate the regional efforts to counter Boko Haram.”

     

     

  • Open letter to ‘Black man in White House’

    Open letter to ‘Black man in White House’

    • “Nothing splendid has ever been achieved except by those who dared believe, that something inside of them was superior to circumstances.” – Bruces Barton.

     

    Years back, I became interested in the startling story of one of the finest American presidents: Theodore Roosevelt. After reading something very striking about him somewhere, I jumped into the study of this bright and enigmatic leader. In the course of my dramatic search, I later discovered that the famed and one of the longest serving United States presidents, Franklin D. Roosevelt, was related to him (note: Franklin was his cousin). Surprisingly, other information and facts began to emerge, much to my intellectual excitement.

    Interestingly enough, one of the items that sparked up this article was when I realized that this widely-known great president of the United States, added the adjective, ‘WHITE’ to the official presidential residence of today’s U.S. presidential lodge, the famous ‘White House’. Immediately, something struck the ‘walls’ of my inquisitive mind.

    My world temporarily stood still. Questions began to crowd the sanctuary of my now awakened mind. Questions such as: Why the choice of white? The colour black, as it were, was synonymous with blacks, niggers and slaves! Was America, at that time, a white- only country? Were there no promising blacks, Jews, native Indians and\or other potential immigrants? What conditions of the mind or circumstantial factors and other unknown sources conspired to influence the president’s choice of ‘WHITE?’

    At that moment, a gentle thought knocked on the doors of my ‘overcharged’ mind, the words of B.F. Skinner swam like a wave through it saying, ‘When you find something interesting, drop everything else and study it.’ This writer, obeyed.

    So, the quest began and I had to put on my research gloves and thinking cap. The first thing I expended my energy and thinking on was, what could be the relationship between my desire to probe the ‘White” adjective and the emergence of the first black American president – Barack Obama? Suddenly, a thought provoking title gushed out of my mind like a volcano!

    This intellectual insight birthed the title of this research-driven article. I quickly wrote the title in a file, and like Sir Isaac Newton, under the apple tree, I started thinking, researching, wrestling with my brain to provide insights, ideas, information and direction to take in the creation of an article, that, putting into consideration the already established literary tradition, will not benefit the Nigerian cumAfrican students alone, this time, but the entire black race!

    At this juncture, I shall formulate hard scientific questions, which will assist in giving literary direction to the entire body of this confidence-building and life-enriching article, especially for the black race! Note that a great mind once said ‘you know a person who is knowledgeable by the person’s answers; and the wise person by the nature of their questions.’

    The first question is: How did this fatherless African American (whose ancestral home is in Kenya), rise to be the first black man to occupy the most sought after and enviable office in the world – ‘The White House? This question is so important considering the various odds and obstacles the blacks have to contend with in the world, especially in the United States, even today!

    Kindly ponder on the words by Professor Daron Acemoglu and James A. Robinson, while trying to explain the conditions of the black race in the southern states, in the 19th century. They argued in their insightful book titled, ‘Why Nations Fail’, that, ‘In the meantime, blacks continued to be excluded from power and are repressed. Plantation-type agriculture based on low-wage, poorly educated labour persisted….’

    Honestly, one cannot fully say that the situation has completely disappeared in the 21st century! So, the second question is: What are the core factors, or defining characteristics responsible for the political evolution of this black man (Barack Hussein Obama, Jr), and his bold ascendance into the Theodore Roosevelt’s so-named ‘White House?’

    Third, linking Obama’s behaviors before his emergence as the President of the world’s most powerful nation, with the broad-based behaviours which he has consistently displayed, so far, in his close to seven years in the White House, what insights and lessons can one glean, and if possible, package, for the benefits of Africans, Nigerians and blacks, everywhere?

    In my long-term and continuous study of successful students, groups, peoples, and nations etc., I have repeatedly found one basic unifying trait, common habit synonymous with this unique sect. And, this group of distinct habits, which I term – HBR (Habit, Behaviour and Routine), is one of the core reasons behind their successes, no matter the nature of their competitive fields.

    Like one of my distant literary mentors wrote in one of his brilliant books titled, ‘The 100 Absolutely Unbreakable Laws of Business and Success’, Brian Tracy puts it thus: ‘You can study others who have achieved the same goal and by doing what they did, you can get the same results”.

    I argued in a recent article, which was published by ‘The Nation’ and ‘The Leadership’ newspapers, respectively, titled, ‘Education: The Cloning of a Nobel Laureate’, (many thanks to these patriotic and ingenious organizations); this writer talked about the concept of (HBR) at length.

    Besides, in my research for this academic article, I came across the story of this interesting American acclaimed self-made millionaire, Dr. John Demartini. How he studied the lifestyles, behaviours and belief systems of Nobel Laureates.

    He applied the insights he gleaned from his study in his life, and today, he is not only a leading light in his field, he consults for CEOs(Chief Executive Officers) and other top leaders in the world.

    Therefore, another thought-generating question is: what are the basic behaviors and beliefs of President Barack Hussein Obama, Jr, that if applied by blacks all over the world in their diverse fields, would, based on natural laws and principles of human progress, generate – ‘The Barack Obama Effect’? That is: Blacks, emerging firsts, bests and tops in all fields of human endeavours, including the scientific realm and other brain and mind driven arenas, not majorly football\soccer, boxing, music, basketball and other brawl and muscle oriented endeavours?

    I studied and keenly observed Barack Obama, read books written by him i.e. ‘The Audacity of Hope’; critically listened to his various mind-grabbing speeches, public addresses, watched documentaries, commentaries, critiqued his thoughts and quotes, tried to understand the nature and texture of his belief system etc.; in order to pierce through the Barrack Obama ‘thought-sphere’.

    It is based on this observational cum exploratory research and my modest scientific understanding of this black African presidential phenomenon that this article was conceived, birthed and taken to the print for the sole benefits of one of the most-maligned races on Earth: the Black people!

    In effect, I uncovered what I term the ‘4Bs of Barrack Obama!’ They are, first, Brainpower; second Belief System (BS); third, Bold Aspiration (BA); fourth, Best Mind-set (BM). Empirical evidence and other supporting data are employed to proof each of the 4Bs.

    The world, and especially the 21st century is today, a ‘Knowledge Economy.’ Contemporary writers, however, call it – the Information Age, Talent Age or the Age of Thinkers etc. Before now, Africans and blacks in general are taken for people who are intellectually-laid back.

    Some say they lack CIA (Cognitive and Intellectual Ability); and even some believe Africans and blacks are sub-humans. So many other laughable labels are formulated against this race, in order to keep their backs, permanently down!

    Put differently, education, as generally agreed, is one of the most important elements of the brain and if incorporated with DHL (Daily Habit of Learning), it transforms the human brain into brainpower. President Barack Obama is lucky to be born in the 60s; that is, 50 years plus in an ecosystem with the best educational system in the world, today. Being raised by educated parents (Dad, the late Barack H.

    Obama, Sr, was a senior Kenyan government economist and mum, Stanley Ann Dunhan, an American anthropologist), even though his dad died when Barack was very young, his mother, Indonesian step-father, and relatives ensured that his education didn’t end up benighted.

    He capitalized on the opportunity to get himself the best of education. After his primary education, and post primary, he preceded to Columbia University and later, Harvard Law School, where he became the first black president of Harvard Law report.

    It is no secret that the legal profession is predicated on thinking, reasoning, research and communication; all these factors convert brain into brainpower! Via solid and sound educational background, Obama has been able to use his mind (intellectual competence) and mouth (communicative prowess) to bewilder the American electorates.

    These, amid other vital forces, gave him the political clout to emerge as the first black U.S. president. What do these aforementioned insights mean for all blacks? Truth is, it means, as the evidence clearly shows, that we need to strive and get the best of education, first, with this in our competitive kit, then, we can embark on the race for the top in all fields.

    We all know that our educational backwardness, resulting in our meagre global knowledge output, is the most critical bane of black undoing amongst other races. Nelson Mandela puts it like this, ‘Education is the most powerful weapon which we can use to change the world.’Also,the first black African American first lady, Michelle Obama adds, ‘A good education can lift you from the most humble circumstances into a life you never could have imagined…’

    Could it ever, have crossed Obama’s mind to aspire to the world’s N0. 1 office if he was an illiterate in one of the drug-dominated slums of Alabama, U.S.? I surrender the answer to you, dearest reader!

    In the second place, from my study, one important and revealing behavior of Barack is his Belief System (BS), or personal ideology, generally speaking.

    Right from the day he hit the global headline, when he delivered a groundbreaking speech, in 2004; his style of behaviors has not changed, although, it might have been upped and polished, due to his current political status. More so, in ‘Contemporary Chinese Politics: An Introduction’, James C.F. Wangwrote in his information-laden book that ‘Ideology is a set of political values, feelings, and ideas that guides individuals to behave in a certain manner for the purpose of achieving a particular goal.’

    Any keen observer of this great African American phenomenon will agree with me that President Barack Obama has not deviated from this unique habit. He believes in himself, in his noble ideals – what I call – ‘the audacity of self-belief.’ His personal philosophy has repeatedly been demonstrated in his pattern of practice.

    And these distinct patterns of behavior have consistently spurred enviable empirical outcomes. The big question, again, is: How can this unique behavioural trait benefit the black race as Africa rises to take its highly-courted position in the comity of continents and earthly races?

    After all, Barack Obama, like Neil Armstrong, walking on the moon for the first time, in 1969; has stepped on the moon for us (Africans and everyone whose skin is black!) We need to believe in ourselves; develop a consciousness that whatever we can conceive, we can, definitely attain; and this irreligious awareness will help us rise up to global greatness, in due course. Look at Asia, especially China, in today’s world.

    Furthermore, call it scientific faith if you like, especially if you don’t subscribe to the concept of any Higher Power. Regarding Bold Aspiration (BA), as one of the observed characteristic of Barack Obama, this is a trait that one cannot fail to notice in the life of this great African American president. Obama displays this in the way and manner in which he attempts things that naturally, or based on circumstantial conditions, seem, ‘un-attemptable and sacred.’

    It is the peculiar belief system of Obama that inspired him, to aspire to the presidency of the world’s most powerful nation; despite all the multifaceted odds against him. Blacks and Africans all over the world need to immediately remove the remaining vestige of slavery and start believing in themselves; especially by employing the ‘Barack Obama Model’ as anchor, in order to aspire and attain audacious aspirations, or what I conceive as 3G(Great and Grand Goals),beginning from now.

    In the same vein, the late Nigerian sage, Chief Obafemi Awolowo even put it philosophically, when he said, ‘It is not life that matters, but the courage one puts into it.’ Obama, from all intents and purposes, has consistently shown the audacity of boldness, of courage and of change, not only hope!

    Barack Obama, himself said, ‘It is only when you hitch your wagon to something larger than yourself, that you will realize your full potential.’

    He could not be further from the truth, taking a critical look at his life, the audacity of ambitions, his characteristic demonstration of courage , even when it relates to policies that seem utopian and outlandish like – ‘the largely contentious –‘Obamacare’ and the list is endless!

    In reading the book of one of the brightest and early pioneers of ‘Positive Psychology’, James Allen, the legendary author of ‘Mind is the Master’; I diligently read and reflected on one of his collections titled, ‘As a Man Thinks.’ In this brilliant book, Allen clearly stated that ‘our thoughts determine our lives.’

    If you think you are the best and that you deserve the best, this believe materializes in your life. Wait a minute, dear reader, please, let us reason together here, especially as it relates to Best Mind-set (BM) theory, have you pondered on why Obama vied for the president of the U.S.? Why he chose to study law, considering the fact that lawyers have ruled America more than people of other professions? Why he aspired to the president of the Harvard law report, and becoming the first black American to achieve such intellectual feat?

    Why he elected to ‘net’ Michelle, a lawyer and obviously his senior in the field? The list goes on and on. Can you see similar patterns or mode of mind and of course, motion? What insights and lessons do all these present to every Nigerian, African and black, all over the world?

    However, this reminds me of one time U.S. first lady, the intellectually wise Eleanor Roosevelt, who said long time ago that, ‘No one can make you feel inferior, except by your consent.’ I am aware of the psychological wounds, some of us still carry around, as a result of our past, skin pigmentation, and the continuous injuries and mental insults blacks suffer from remarks and biased studies being propagated and of course disseminated by some researchers, scientists and writers with regard to black intelligence, (IQ) as it is popularly known.

    I am also aware of studies (and media utterances!) by James Watson, Professor Authur Jenson, Richard Herrnstein, Charles Murray etc. I have come across and sometimes read and reflected on other arguable and contentious intellectual works such as ‘The Bell curve’, ‘The Origin and Nature of Intelligence’, ‘Gene and Genius’ ‘Jewish Genius’, ‘Chinese Phenomenon’ etc…

     

    Surprisingly enough, all this, didn’t deter President Barack Obama from believing in himself and aiming for gold! In fact, it should not restrain any of us; rather, inspire us to take the ‘right’ risks. Fellow blacks and Africans, it is all in the mind! Tony Robbins had said we should ‘Awaken the Giant Within’; and Lance Secretan wrote in world-class book, titled ‘Inspire! What All Great Leaders Do’, that ‘However, if you reflect honestly and deeply to mine the riches that are buried among your most precious inner resources – you may just change your life.’

    We cannot afford to do less; it is inside each of us as a race. God is never partial! Therefore, henceforth, we should make education a matter of continental priority in general and national security issue in particular; believe in ourselves as God’s own people, too; put on the garment of courage and aspire to great and audacious dreams and inculcate the mindset of the best, going forward. The 21st century will not only be the ‘Age of Asia’, alone; but of the ‘Rise of Africa.’ Yes, we definitely, should!

    Adedayo A. Olumuyiwa

    An Academic Consultant

    The author of ‘Education: Secrets of Chinese and Asian Students.’

  • USA Bishop leads prayer for Nigeria

    Bishop Nelson Ugwuzor, founding pastor of Church of the Anointing –one of the fastest growing churches in Los Angeles, California–is continuing to use his voice to speak into the lives of many in America and across the globe.Most recently, Pastor Nelson, as he is popularly known, called on listeners to join him in a nationwide prayer for Nigeria and his home state of Abia, during his weekly broadcast on Stevie Wonder’s legendary radio station in Los Angeles, KJLH 102.3 FM.

    A global voice and leader, Pastor Nelson (Bishop) received the 2012 Stellar Award for his “Spread the Word” radio program on KJLH, which attracts a listening capacity of over one million listeners weekly across the USA and Canada.He led the city of Los Angeles in a prayer of victory for President Barack Obama before his 2012 election at a gathering of over 300,000 people during the city’s annual Taste of Soul Family Festival.  He is a constant force and voice on the world’s largest Christian television network, Trinity Broadcasting Network (TBN), through which he reaches over three billion people in over 125 nations worldwide.

    During his recent radio show broadcast, Bishop Nelson declared, “I feel in heart that my beloved country, Nigeria is at a place where it needs the best leaders to continue to lead that great nation and lead it to where it needs to be so it can be an example in all levels to the world and to Africa as a continent.  Wherever Nigeria goes, the entire continent of Africa goes. That’s why I am asking everyone across the United States and Africa to join me to pray for a peaceful, fair, transparent election process in Nigeria. I am praying for worthy, experienced, accountable, God-fearing leaders to emerge and lead Nigeria next.  I know that the world is watching Nigeria. I am praying for President GoodluckEbele Jonathan, all the Governors, all elected officials and political appointees and aspirants who desire to lead to do so with the love of country at heart. I am praying for wisdom and God’s guidance over all of them.”

    Bishop Nelson also said a special prayer for his state of origin, Abia State:”I am also praying for Governor T.A. Orji and ChiefEmekaWogu, the formerMinister of Labour and Productivity, who is aspiring to be nominated as a candidate for the next Governor of Abia State. Chief Wogu is a man worthy of that office; experienced, tested and proven in both local and national leadership…a God-fearing leader with accountability, a man of integrity and a visionary. I am asking the world to keep praying for the will of God to be done in Nigeria.  Long live Nigeria, long live President GoodluckEbele Jonathan, long live my beloved Abia State, long live all who aspire to lead.”  In closing, Bishop declared that If God be for you, no one can be against you.

  • STEPHEN  KESHI- My daughter  lured me  into coaching

    STEPHEN KESHI- My daughter lured me into coaching

    Twice he was kicked out after helping to qualify Nigeria and Togo respectively for the 2002 and 2006 FIFA World Cup.  But this time around, ‘Big Boss’ Stephen Keshi looks good to break that jinx and take Super Eagles to Brazil 2014 World Cup. On the margins of his recent parley with the media in Lagos, Keshi speaks to Taiwo Alimi about the people, philosophy and ideas behind his success story.

    BUT for his immediate family, ‘Big Boss’ Stephen Keshi would have stayed permanently away from the world of football after the 1994 World Cup in the United States of America (USA). A combination of factors, the incumbent Head Coach of the Super Eagles, said made him to take the decision to go into retirement and stay far away from football. One, the 52-year old was left devastated by Nigeria’s famous ouster in the second round of the World Cup to Italy. Two, his closeness to the then Eagles manager; Clemense Westerhof, exposed him to the politics, intrigues, conspiracy, scheming and deception that rule the world of football and staying back to be part of it could translate to early grave for him.

    In spite of these factors, the former NNB star came back to football as a coach and has successfully weathered the storm that is a constant companion of all coaches. He has been hired and fired. And at the moment it appears he is set to take Nigeria to the 2014 World Cup in Brazil.

    Said he:”After the 1994 World Cup I told Westerhof I was done with football and he said no! No! No! He has his own way of speaking English. He says ‘hey you, my captain, you Igbo boy, you will coach Nigeria one day.’ I said never. With all these struggles with Victor Ikpeba, Babayaro and the rest of the troubles I have seen you go through coaching the Nigerian team, I don’t want a part of it. He said ‘I tell you today, one day you will coach Nigeria’ and we argued and argued and I insisted no way. There is no way I want to be a coach. There are easier jobs that I would like to do.”

    Keshi continued: “So I went back to the United States of America (USA) to be with my family little did I know that it was my daughter that would make me come back to football. My first daughter just came to meet me one day and said that they were looking for a soccer coach in their school and she would like me to do it. I told her I am not a coach. She said but you played professional football in Europe and played at the World Cup. I said that is all true but that does not qualify me to be a coach but she was adamant insisting that I would be coaching children of 14 and 15 years and I can tell them anything and they would listen and do whatever I say. That was how I succumbed to her plea and returned to football. It was from here that my interest in coaching was kindled and I decided to go back to school and earn coaching certificates and take it on headlong. So looking back I have Westerhof and indeed my daughter to thank for pointing me to the right way. These people believed in me even when I did not see it and they made me believe that I could do it. What I leant from Westerhof is that you may not be a fantastic coach because Westerhof is not too fantastic a coach but he knows how to fire you up. Westerhof knows how to make a player give more than a 100 percent of himself in the field of play. He could turn an average player to a super player and those are the things I have imbibed from him. Discipline and team spirit is also vital. When average players play as a team they can defeat they best set of legs in the world that are not together. That is why football is called team work.”

    If Keshi’s daughter orchestrated his come backing, then he says his wife engineered his beginning. “I would call her (his wife) my x-factor and staying power,” Keshi stated before adding. “I met my wife when I was with the New Nigerian Bank FC. Then she was 19 going to 20, while I was 20 going to 21 years. I was the captain of the team then and having her by my side has remained a blessing all along. She is my number one critic and coach. In my playing days, whenever she was around to see our game I was always scared because if I don’t play well, even if we won the match, she would not give me food until I convince her and promise her to do better next time. So, to avoid her query, I played good football anytime she was in the stadium. She had a particular place she sits at the stadium and once I saw her, I would force myself to fine-tune my game. If I fail to play up to her expectation, I would not sleep that night because she would nag all the way for at least two days. So, my wife is the pillar to all I have achieved in life.”

    Keshi informed that she is always with him during major tournaments, so the World Cup won’t be an exception. “She is my silent motivator and my manager. She has managed me very well and will continue to manage me. She harassed me when Mali played against Angola during the 2010 Nations Cup and asked me what the heck we played. She has kept my family together and well even in my absence and I am grateful to her. I would be eternally grateful to her.”

    Little wonder the former head coach of Mali’s national team insisted his players must have their wives and fiancées with them at the World Cup. “It is a great motivation to have your wife and family members around you at a big stage as the World Cup. I’ve told you how it inspires me even now that I am a coach. It is a great motivation to any player, you cannot undermine it.” Keshi said among sundry issues.

    WAGs

    Yes, I agree with you that taking wives and fiancées of our players to the World Cup would be a Psychological boost. I experienced it as a player in 1994 World Cup. Westerhof ensured that we travelled to the World Cup with our wives and I believe it was a morale boaster for all of us. When you have your love ones with you during a big tournament like the World cup it has a way of making a player give everything knowing that they are there watching you and cheering. For wives and fiancées fine but I don’t know about girlfriends. Girlfriends no!

    Osaze

    He sent an apology to the NFF, to me and included all the other people who were mentioned. We have been talking and things are good. Both Osaze and Uche have the same chance as every other player to be in the World Cup training camp. But even if they are invited, they would still have to prove during the camping that they deserve to be in the 23-man list. I have heard people saying so many things about Uche and why I’m not calling him. My response is this I want that person to tell me to my face with evidence in a private place because there is no truth in all these things. I don’t need anybody’s money and I have not asked any player that I’m interested in managing him.”

    Memorable moments

    My most memorable moment as a player was when Nigeria qualified for the World Cup in 1994 in Algeria, while my worst game as a player was against Sampdoria in 1988 in Sweden, when we lost 2-0 against Roberto Mancini’s team. The denial to take the Hawks of Togo to Germany 2006 World Cup despite qualifying the team was my worst moment as a coach. It was shocking when it happened, but I regarded it as an act of God. If He had wanted me to be there after giving me the divine favour to qualify the team, I would have been in Germany. When Coach Shaibu Amodu and I qualified Nigeria for the World Cup in 2002 after winning bronze medal in the Nations Cup in Mali that same year, we were sacked. Such is life.

    Chidi Nwanu

    I had nothing against Chidi Nwanu, but he came when we were going to the World Cup. He did not play in the Nations Cup, so it was not easy to accommodate him. Bright Omokaro, Sunny Obhoigbe and Monday Eguavoen were the players that heightened the competition in the defence. But irrespective of the competition, we played for one another and loved each other. It was great.

    Philosophy

    I’m an optimistic person. I rarely think about negativity. For example I don’t have any negative feelings to any of my players. Not with Yobo, Osaze or Uche. I and Osaze have been speaking all the while when it was reported that we had issues. There was never any problem between us. It was the same thing with Joseph Yobo. “It was just the media reporting that I had problems with Osaze and Yobo when we never had any problems at all. He (Odemwingie) has apologised to all Nigerians He also said sorry to me. I have no problems with him. Everything is fine.

    You can say I am stubborn because I believe I must stand for what I believe in. So for that reason you are saying I’m stubborn then it is a good thing.

    See what happened to me in Togo. I think I have paid my dues after my career in Ivory Coast, Belgium, France, the United States and Malaysia. In my first national coaching role, I qualified Togo for its World Cup debut only to be discarded and replaced by Otto Pfister for the 2006 tournament in Germany. That experience left a lasting impression on me, but I was vindicated and re-employed by Togo after Pfister’s disappointing time in charge saw the Togolese players nearly go on strike at the World Cup. Even when it goes bad I still think it is good. There must always be a lesson to add to my future to make it better.

  • Boko Haram killings senseless, says U.S govt.

    Boko Haram killings senseless, says U.S govt.

    The United States has described the recent killing of Nigerians, especially school children, by the Boko Haram insurgents as “senseless.’

    The U.S Consular-General in Nigeria, Mr. Jeffy Hawkins, said this on Tuesday in Ado-Ekiti while addressing newsmen.

    He spoke shortly after visiting some aspirants who would participate in the June 21 governorship election in the state.

    The envoy said such a development was not good for a country planning to conduct general elections in 2015.

    He warned that the activities of the Islamic sect could mar the elections if not checked.

    Hawkins said that the American government had already voted $15 million to facilitate the conduct of the elections in Nigeria.

    The envoy said that his government was keen to ensure free and credible elections in the country and urged Nigerians to ensure a peaceful outcome.

    Hawkins said that his country would monitor Nigeria’s electoral umpire to ensure that the June 21 poll in Ekiti and that of Osun scheduled for August were conducted successfully.

    He said the war against terrorism and insurgency in the country must be won to enable the country move forward

  • KANU COUNTS  BLESSINGS

    KANU COUNTS BLESSINGS

    AS THE recent centenary award dished out by the Federal government continue to trigger of different reactions from different quarters, former Super Eagles captain and one of the beneficiaries in the sports category, Nwankwo Kanu has thanked Nigerians and indeed his well wishers for their continued support.

    The former Arsenal and Portsmouth ace who recently underwent corrective heart surgery a the Cleveland Hospital Ohio, USA, thanked God for making it happen and his well wishers for supporting him all the way but did not fail like Oliver Twist to ask for their continous support in the future.

    “I thank God. Thanks for all your support and keep supporting,”the former West Brom striker pushed out @papilokanu, backing it up with a photo of his centenary award certificate.

    The centenary award is coming as an additional feather to the cap of Kanu who is two time African footballer of the year as well as two time BBC footballer of the year. Other impressive laurels in Kanu’s kitty include UEFA Champions league title, UEFA Super Cup title,multiple EPL and FA Cup titles as well as the Olympic gold medal.

  • Central banks in  other climes

    Central banks in other climes

    Ibrahim Apekhade Yusuf takes a look at how the apex bank in other countries work

    CENTRAL Banks operate in different parts of the globe, from the USA, Britain, Germany, Belgium, Canada, Portugal, to Middle East Asia and in Japan, China, Malaysia, Saudi Arabia, Kuwait, to Brazil as well as the African continent.

    For sure, most of these countries’ central banks are saddled with the onerous responsibility of ensuring that the economy is on a clean bill of health in terms of monetary policy formulation, among other fiscal functions.

    But by far, the central banks in the USA and Britain remain, in the view of some economic and financial pundits, a model, in part, because of their socio-economic and technological advancement.

     

    The making of Bank of England

    From the middle of the 17th century, England, and London in particular, buzzed with ideas – indeed the era has been dubbed ‘the age of projects’ – but one which kept coming to the fore was the notion of a national bank.

    People sensed that the country was on the brink of a tremendous expansion of trade, but one vital element was lacking: what was needed was a bank or “fund of money” – more liquidity, in modern parlance – to drive the trade of the country. They looked with some envy across to the continent at the example of the Dutch who were then pre-eminent in Europe.

    Central to the success of the Dutch was the Amsterdam Wisselbank, which had been founded in 1609. It provided the motive power for the Dutch economy by lending to the City of Amsterdam, the State in the form of the Province of Holland and trade in the shape of the Dutch East India Company as well as being responsible for coinage and, of course, exchange. Much later, in 1683, it was empowered to lend to private customers. Payments over a certain amount had to pass through it and it therefore was convenient for the important finance houses to hold accounts with it. Thus, not only was it in a position to oversee the Dutch financial scene, it was also able to act as a stabilising influence on it.

    Dutch William had brought to his adopted country, England, an understandable desire to help his native country in its war against the French and this proved to be the catalyst necessary for the idea of a national bank to be accepted, albeit grudgingly by some.

    But it took a London-based Scots entrepreneur, William Paterson, to propose the scheme that eventually found favour: his first, proposed in 1691, had been rejected for several reasons. This was partly because, as he wrote in 1695, “Others said this project came from Holland and therefore would not hear of it, since we had too many Dutch things already.”

    Thus, the Bank of England can be said to have experienced some chequered existence which dates back to its foundation.

    But in 1997, the new government announced its intention to transfer full operational responsibility for monetary policy to the Bank of England. The Bank thus rejoined the ranks of the world’s “independent” central banks. However, debt management on behalf of the government was transferred to HM Treasury, and the Bank’s regulatory functions passes to a new Financial Services Authority.

    Subsequently, in 2013, the Financial Services Act 2012 established an independent Financial Policy Committee (FPC), a new prudential regulator as a subsidiary of the Bank, and created new responsibilities for the supervision of financial market infrastructure providers. The reforms came into force on 1st April 2013 when the Financial Services Authority ceased to exist.

    The Prudential Regulation Authority (PRA) at the Bank took responsibility for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms. The PRA’s role was defined in terms of two statutory objectives to promote the safety and soundness of these firms and, specifically for insurers, to contribute to the securing of an appropriate degree of protection for policyholders.

    In promoting safety and soundness, the PRA focused primarily on the harm that firms could cause to the stability of the UK financial system. A stable financial system is one in which firms continue to provide critical financial services a precondition for a healthy and successful economy.

    The PRA worked alongside the Financial Conduct Authority (FCA) to create a “twin peaks” regulatory structure in the UK. The FCA was a separate institution and not part of the Bank of England. The FCA was responsible for promoting effective competition, ensuring that relevant markets function well, and for the conduct regulation of all financial services firms. This included acting to prevent market abuse and ensuring that consumers got a fair deal from financial firms. The FCA operated the prudential regulation of those financial services firms not supervised by the PRA, such as asset managers and independent financial advisers.

     

    The USA experience

    United States encompasses various bank regulations, from the early “wildcat” practices through the present Federal Reserve System.

    The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907.

    Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved.

    Events such as the Great Depression were major factors leading to changes in the system.

    The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve’s dual mandate.

    Its duties have expanded over the years, and today, according to official Federal Reserve documentation, include conducting the nation’s monetary policy, supervising and regulating banking institutions, maintaining the stability of the financial system and providing financial services to depository institutions, the U.S. government, and foreign official institutions. The Fed also conducts research into the economy and releases numerous publications, such as the Beige Book.

    The Federal Reserve System’s structure is composed of the presidentially appointed Board of Governors (or Federal Reserve Board), the Federal Open Market Committee (FOMC), twelve regional Federal Reserve Banks located in major cities throughout the nation, numerous privately owned U.S. member banks and various advisory councils. The FOMC is the committee responsible for setting monetary policy and consists of all seven members of the Board of Governors and the twelve regional bank presidents, though only five bank presidents vote at any given time (the president of the New York Fed and four others who rotate through one-year terms). The Federal Reserve System has both private and public components, and was designed to serve the interests of both the general public and private bankers. The result is a structure that is considered unique among central banks. It is also unusual in that an entity outside of the Central Bank, namely the United States Department of the Treasury, creates the currency used. According to the Board of Governors, the Federal Reserve System “is considered an independent Central Bank because its monetary policy decisions do not have to be approved by the president or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.”

    The authority of the Federal Reserve System is derived from statutes enacted by the U.S. Congress and the System is subject to congressional oversight. The members of the Board of Governors, including its chair and vice-chair, are chosen by the president and confirmed by the senate. The federal government sets the salaries of the board’s seven governors. Nationally chartered commercial banks are required to hold stock in the Federal Reserve Bank of their region; this entitles them to elect some of the members of the board of the regional Federal Reserve Bank. Thus the Federal Reserve System has both public and private aspects.

    The U.S. government receives all of the system’s annual profits, after a statutory dividend of 6% on member banks’ capital investment is paid, and an account surplus is maintained. In 2010, the Federal Reserve made a profit of $82 billion and transferred $79 billion to the U.S. Treasury. This was followed at the end of 2011 with a transfer of $77 billion in profits to the U.S. Treasury Department.

    The primary motivation for creating the Federal Reserve System was to address banking panics.

    Other purposes are stated in the Federal Reserve Act, such as “to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.”

  • Toni Payne  relocates abroad

    Toni Payne relocates abroad

    IF the story making the rounds is anything to go by, then, Toni Payne, estranged wife of popular Nigerian singer, 9ice, may have relocated abroad.

    She is reported to be living in the United States of America with Zion (her first child for 9ice).

    9ice is also reported to be frequenting the USA regularly now because of Zion.

    The marriage between 9ice and Toni Payne was short-lived.

  • We won’t give  up on Nigeria,  says US envoy

    We won’t give up on Nigeria, says US envoy

    THE United States of America (USA) declared yesterday that it won’t give up on Nigeria. Its Ambassador in Nigeria, James Entwistle, said in Kano that Washington would not relent in assisting Nigeria and Nigerians toward realising the country’s full potential.

    Entwistle, who was on a visit to the Aminu Kano Teaching Hospital, Kano said that Nigeria had achieved a lot in the economic, health, cultural and educational sectors.

    “But that’s the whole point of this; to help build up your capacity and it’s clear we are making great stride on this,” he said.

    The envoy said that the U.S. would partner with Nigeria to deal with all aspects of the economy, adding that its recent focus was in the area of health, which has been rewarding in Nigeria and Africa as a whole.