The Super Eagles on Tuesday defeated Egypt 1-0 in an international friendly played at the packed Stephen Keshi Stadium, Asaba.
FC Midtjylland striker Paul, who was making his first start for the Eagles, sent the home fans into wild celebrations as early as the 10 second of the encounter, when he beat his marker before unleashing a ferocious volley that beat the Egyptian goalkeeper for the only goal of the encounter.
A Justice of the Supreme Court, Sidi Bage, has emerged as the 17th Emir of Lafia Emirate following the demise of Mustapha Agwai I on January 10.
The Nasarawa State Commissioner for Local Government and Chieftaincy Affairs, Mr. Haruna Osegba, announced the selection of the Emir on Tuesday in Lafia following the state traditional council meeting.
Osegba said the new emir was selected by the emirate’s college of selector, ratified by the state traditional council and approved by Gov. Umaru Al-Makura.
He said the selection of the new emir was in line with legal Notice 12 of 1986, Section 31 stipulating the rotation of the stool between the two royal houses.
Osegba explained that Bage and Musa Mustapha-Agwai, son of the late emir contested for the position.
Bage was however selected by four out of the five members of the college of selectors.
Bage was born on June 22, 1956, in Lafia, Nasarawa State, attended the Dunoma Primary School Lafia from 1963 to 1969, attended the Government Secondary School Lafia from 1970 to 1974.
He was admitted into the Ahmadu Bello University, Zaria, for a Diploma Programme in Law between 1975 to 1977, obtained same at Credit Level and later got his LLB degree in 1980.
He graduated with Second Class Lower Division, proceeded to the Nigerian Law School Lagos in 1980 and was called to the Nigerian Bar in 1981.
Bage worked as a Legal Officer, Ground Training Group, Nigerian Air Force Base Kaduna (NYSC) 1981 to 1982, and appointed Magistrate Grade II Plateau State Judiciary in 1982.
He was Promoted Magistrate Grade I in 1984, promoted Senior Magistrate Grade II in 1986, appointed Chief Magistrate II FCT Judiciary in 1989, promoted Chief Magistrate I in 1990 and was promoted as Deputy Chief Registrar FCT Judiciary in 1991.
He was again, Promoted Substantive Chief Registrar, FCT High Court January, 1992, elevated to the High Court Bench as a Judge November 9, 1992, elevated Justice Court of Appeal December 10, 2007, and Appointed Justice of the Supreme Court on December 5, 2016.
Similarly, Al-Makura also approved the selection of Isa Abubakar Umar as the Emir of Awe following the death of the late emir.
Osegba noted that the new emir of Awe was unanimously selected by the four surviving kingmakers of the emirate.
Also selected is Mr. Umar Dodo as the new ‘Osu Kadarko’ a third class traditional ruler in Keana local government area.
The ‘Osu Kadarko’ stool became vacant following the death of Mr Fabian Orogu on January 12, 2018.
Plans to increase Nigeria’s national grid by 700 megawatts (MW), may be taking shape as Tony Elumelu, chairman of Transcorp Nigeria Plc, has pledged to invest as much as $2.5 billion in power projects across the country.
According to Bloomberg, Elumelu revealed that investments in the power sector will be made through Transcorp Power Ltd, a subsidiary company.
Although a time frame was not given, Elumelu said the company is ready to “spend a lot of money” on the 987MW capacity Afam Power Plant which is up for privatisation.
On March 15, the company along with two others, had launched a bid for Afam Power Plant which operates a natural-gas-fired power generation facility in Rivers state.
He said If Transcorp Power successfully acquires the facility, the firm’s daily power output will increase by 700MW, adding 1400MW to the national grid.
“We’ve expressed interest in the acquisition of Afam power plant, which we’re going to spend a lot of money on. It’ll give us 1,400 megawatts and we can do more,” he said.
Speaking on a N90 billion naira debt owed Transcorp Power, Elumelu said such has the tendency to hamper growth in the sector.
“If they’re owing you that kind of money, it affects your ability to do more and more importantly, slows your enthusiasm,” he said.
A new public survey released by Socio-Economic Rights and Accountability Project (SERAP) has adjudged the police as the most corrupt institution in Nigeria.
The SERAP entitled “Nigeria: Corruption Perception Survey”, listed high levels of corruption in public institutions in the country since 2015.
Of the five major public institutions surveyed, the police emerged as the most corrupt, with officials of the power sector identified as the second most corrupt in the country.
Other public institutions identified as corrupt were the judiciary, education and health ministries. According to the survey, the level of corruption has not changed in the last five years.
“A bribe is paid in 54% of interactions with the police. In fact, there is a 63% probability that an average Nigerian would be asked to pay a bribe each time he or she interacted with the police. That is almost two out of three,” read a statement Kolawole Oluwadare, SERAP deputy director, issued on the report.
Akin Oyebode, chairman of the panel which released the report, said the development of a people is almost “inversely proportional to the level of corruption”.
“Nigeria is looked upon as a giant of Africa. Yet Nigeria could not conduct free, fair and credible elections,” he said.
“It is a smear on the image of Nigeria. If we do away with selective enforcement and condonation of corruption, we will build and live in a better society. Corruption is a refined form of stealing. The politicians are stealing our common patrimony.
The survey carried out between September and December, covered the police, judiciary, power, education and health sectors to assess the state of corruption in law enforcement and public service provision.
“From the analysis of the anti-corruption legal and institutional framework in Nigeria, the following cross-cutting issues emerged: there is lack of political goodwill to consistently enforce the different anti-corruption laws; inadequate funding for the various anti-corruption agencies; weak public support and/or ownership of anti-corruption initiatives; poor clarity of roles between various anti-corruption agencies; and public perceptions of politicisation of corruption arrests and prosecutions,” the report read.
“Bribery experiences were interrogated and recorded in the key sectors of education, health, the police, judiciary and power. Data analysis was conducted under five different and interrelated variables. There was a 63% probability that an average Nigerian would be asked to pay a bribe each time he/she interacted with the police. The likelihood of bribery in the power sector stood at 49%. With the chances of encountering bribery at the judiciary, education and health services standing at 27%, 25% and 20% respectively.”
The police were the most adversely ranked on this indicator. For every 100 police interactions reported by the respondents, there was a bribe paid in 54 interactions. The prevalence levels stood at 37% in the power sector and 18% in education,17.7% in the judiciary and 14% in the health sector.
Fifty-one percent of the individuals who paid bribes to the police and 35 percent to the power sector believed this was the only way to access the services sought from the institutions. The ranking of the education sector and the judiciary was less adverse with 16 percent perceiving bribery as the main avenue of accessing services in the institutions, and health services recording 13 percent
The police and judiciary had the largest proportion of total bribes paid at 33 percent and 31 percent respectively. Bribes paid for education, power and health services accounted for 19 percent, 10.9 and 5 percent respectively of all bribes reported.
The average amount of bribe paid by the respondents was highest among those who paid to the judiciary at about Naira 108,000 (US$ 298). All the other institutions ranked lower on this variable with Naira 12,253 and 11,566 reportedly paid to the police and education sectors, and Naira 6,462 and 5,143 paid for health and power services respectively.
In 2017, the World Internal and Police Security Index rated Nigeria Police force as the worst in the world.
Presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has congratulated US President Donald Trump, after the findings of the Robert Mueller investigations revealed that there was no collusion between him and Russia to influence the election that brought him to office.
On his verified Twitter handle, Atiku said, “I congratulate President @realDonaldTrump on his vindication by the Robert Mueller report. It is my hope that the lifting of this cloud will give room for further successes by the 45th President of the United States.”
He added, “I trust Nigeria can learn from the application of rigorous due process to get to the truth of our current challenges. Congratulations once again. -AA”
The report of a US investigation headed by Special counsel Robert Mueller had found no evidence that Trump’s campaign team “conspired or coordinated” with Russia to influence the 2016 presidential election.
Senators-elect of the All Progressives Congress (APC) have been cautioned to stop dragging the name of the President of the Senate Bukola Saraki into their tussle for the 9th Senate’s presidency.
The Caucus of the Peoples Democratic Party (PDP) in the upper legislative chamber gave the caution in a statement jointly issued by the Majority Leader, Abiodun Olujimi and Senator Dino Melaye on Tuesday in Abuja.
The PDP advised their APC colleagues to desist from involving Saraki in their schemes to hold on to certain leadership positions in the 9th Senate.
The PDP caucus stated that it has observed closely as the contenders for the various Senate leadership posts in the APC sponsor various publications in the media to make it appear that Dr. Saraki is seeking to play a role in determining who occupied various leadership posts.
“We have noted with regret and surprise how some Senators who are interested in becoming the next Senate President and those seeking to occupy various leadership positions in the next Senate have been busy dragging the name of the Senate President, Dr. Abubakar Bukola Saraki, into their schemes for fulfilling their ambitions.
“We believe those involved in this dirty game are only afraid of the shadow of the Senate President.
“Such people should know that Dr. Saraki is not interested in their plots, schemes and manipulation.
“His concern now is to continue to provide leadership to the Eighth Senate and to ensure that the Senate achieves as much as is possible in the remaining two months of its tenure.
“It is obvious that many Senators and even Senators-elect still defer to Saraki. And this is understandable because he is a national leader of the PDP. He is a respected Senator who has also provided solid leadership for the Senate.
“So, those who are afraid of his influence should find a positive way to deal with that, not sponsoring falsehood in the media.
“Last week, PDP Senators paid Dr. Saraki a visit in his home as a way of encouraging him and in recognition of the personal sacrifice that he has had to make for providing strong and purposeful leadership to the National Assembly, for protecting the independence of the legislature and judiciary, separation of powers, inclusiveness in a multi-ethnic and multi-religious Nigeria and working for the creation of a conducive environment for business to thrive.
“Those who are not sure of their grounds in their quest for Senate leadership are busy putting a spin on that visit.
“Let it be known that no matter the mischief being sponsored by these spineless people, Dr. Saraki knows that it is the duty of all Senators in the Ninth Senate to elect their Senate President and other leaders. Nobody from outside the Senate has such powers.
“Ït is also the right of every Senator to aspire to that position as stated by the constitution. He has benefitted from this practice of Senators within the chambers exercising the right. He is conscious of this fact and will not be a party to any plan to seize or interfere with the process of evolving the leadership of the Ninth Senate,”the satement said.
The PDP caucus therefore urged APC members in the senate as well as their handlers to leave Saraki alone and concentrate on how they will convince the Senators-elect to vote them.
The APC senators and to-be senators were further urged to focus on ensuring that the election of the next Senate President takes place in a conducive atmosphere with a view to strengthening the institution.
General Ahmed Salah, Algeria’s chief of army staff, has demanded President Abdelaziz Bouteflika be declared unfit to rule after weeks of protests against him.
The army chief urged an immediate adoption of the country’s Article 102, which allows for a president to vacate office if declared unfit.
“We must find a way out of this crisis immediately, within the constitutional framework,” he said in a speech on television
“This solution achieves consensus and must be accepted by all.”
This comes days after the 82-year-old leader who got to power in 1999, dropped his reelection ambition following a wave of protest.
The protests broke out after Bouteflika who was on sick bed in Switzerland, said he would contest another election.
Salah has previously said the military and the people had a united vision of the future, hinting at the armed forces’ support for the demonstrators.
Given the reality of president Bouteflika’s health status, the constitutional impasse over an extension to his current mandate until elections are held, and the rallying calls by protestors who remain on Algeria’s streets, the move is hardly unexpected.
In recent years, it is the president’s circle of political and army loyalists who appear to have spoken on his behalf as his absence peaked due to illness.
He came into office, backed by the army, after the 1990s civil war and was largely viewed as a unifier of the many factions underpinning Algerian politics.
But since suffering a stroke in 2013 he has rarely been seen in public and does not travel around the country or abroad, except for medical treatment.
His aides represent him at events and read his messages to the public, and the announcement that he was not standing for a fifth presidential term was read on his behalf by a newsreader on national TV.
The monetary policy committee of the Central Bank of Nigeria (CBN) has reduced the monetary policy rate by 50 basis points.
This means that the MPR, which is put at 14%, was eased to 13.5%.
Announcing the decision of the committee on Tuesday at the apex bank’s headquarters, Godwin Emefiele, the CBN governor, said there is a need to signal a new direction which would be “pro-growth”.
He said the reduction would manage sentiments in the capital flows market.
The committee, which holds a meeting once in three months, first set the benchmark interest rate at 14% in July 2016 to combat inflation and improve investor attitudes towards bringing in new capital.
The country was in a recession at that time.
Why does MPR matter?
Simply put, the monetary policy rate is the baseline interest rate in an economy.
Every other interest rate used within an economy is built on the MPR.
At its January meeting, the committee had said that the chances of loosening were remote although it said tightening would “result in the loss of the gains so far achieved”.
“It will also worsen the position of non-performing loans of the banks. The Committee also felt that tightening would dampen investments and hamper improvements in output growth, given the already fragile growth performance so far achieved.”
At that time, the committee had said it wanted to watch the macroeconomic performance after the general election.
Since President Muhammadu Buhari won his re-election bid, experts were of the opinion that investors could be sure of continuity in economic policies.
What do experts think?
Analysts at FSDH Research recommended that the recent improvement recorded in the inflation, exchange and interest rates does not justify a reduction in MPR.
“The temporary stability in key indicators from January 2019 till 21 March 2019 may support an argument for monetary policy easing (reduction in interest rate and other measures that can push more money into the financial system).
“Adding to the debate supporting the easing of monetary policy is the fact that the general election is now behind us, so the negative impact of electioneering spending on price stability and associated uncertainties surrounding the election may be over. However, FSDH Research believes the short-term outlook of the Nigerian economy justies a hold decision on policy rates at the current levels.”
Stephanie Idolor, the unemployed graduate who videotaped Success, an angry school pupil sent home over non payment of school fees in Delta State, is to receive N500,000.
Popular comedian, Mc Jollof, recently took to his Instagram page with a video in which he revealed that the Delta State Deputy Speaker, Hon. Friday Osanebi, has requested for Idolor’s account number to credit her with a sum of N500,000.
Similarly, the Principal Secretary to Governor Ifeanyi Okowa, Hilary Obi Ibegbulem, has made the promise of a car to Idolor.
Ibegbulem said that she was the real hero and not the little school girl.
Her public outcry has also attracted the attention of Daddy Showkey who stated that she is the real hero and transferred a sum of N100,000 to her bank account.
Daddy Showkey shared a video and wrote: “Without you, this Success story will not be. So, my dear @stephanie_idolor pls don’t regret anything, the truth is that you are an Angel and for me you are the true hero, pls send me your account.”
Idolor took to social media just recently to demand compensation from the family after several Nigerians reacted positively to the sensational video which had now gone viral.
According to her, if she had not recorded and posted the video on social media, the family would not be enjoying all the financial assistance and gifts they are now getting.
While some commentators had lambasted her demanding compensation, other have insisted that she deserves some financial reward especially as reports indicated that Success’s family has received about N5.5m in cash and pledges to support the child’s education.
Social media was abuzz some days ago when a video of a young primary school girl identified as Success, surfaced online.
In the video, Success was angry after being sent away from school for owing school fees.
The video clip which had become an instant sensation in the online community had attracted the attention of celebrities and some well-meaning citizens.
Toke Makinwa, AY Makun , Wale Gates and a host of others were among those who had reacted to the young girl’s plight and offered to do their bit in addressing the issue.
The Anambra State Police Command has arrested three principal suspects for conspiracy, blackmail, deprivation of liberty and assault occasioning harm to one Okafor Ogochukwu, who was mercilessly beaten up.
According to the state command diary signed by SP Haruna Mohammed, PPRO Anambra State Police Command, On the 21/3/2019 at about 2:40pm, one Okafor Ogochukwu ‘F’ of Osile Village Ogidi reported at Central Police Station Awka that on 19/03/2019 at about 11:36am, she was invited by her male facebook friend, one Ifeanyi Azota ‘m’ to his house at Ezimezi village in Amawbia.
“All of a sudden, a woman, who claimed to be his wife, named Azotani Toochukwu ‘f’ suddenly appeared into the house with her friend, one Ogochukwu Nwankwo ‘F’ and locked her inside the bathroom for almost four hours and left.
“The women later came back with two big canes and opened the bathroom,
“ Complainant further alleged that the principal suspect Azotani Toochuckwu called her on phone the following day and demanded for the sum of Sixty thousand Naira (#60,000) or they will post her nude video on the internet.
“However, while the Suspect’s friend one Ogochukwu Nwankwo stripped her naked and flogged her severally, the principal suspect was busy video taping the incident and thereafter pushed her out from the compound naked.
“Consequently, When the Complainant refused to pay the money as requested, the principal suspect Azotani Toochukwu actualised her threat and posted the naked video to the internet and since then the video went viral.
“Meanwhile, three suspects have been arrested and scene of the incident was visited by Police detectives attached to Central Police Station Awka.
According to the police, the case is currently under investigation after which suspects would be charged to Court for prosecution.
The Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu has claimed that 32 individuals and corporate organizations in the country looted over N1.3 trillion between 2011 and 2015.
He stated that one-third of the money could have been used to construct over 500km of roads; build close to 200 schools; educate about 4000 children from primary to tertiary levels at N25million per child and build 20,000 units of two-bedroom houses across the country.
Magu disclosed this in his keynote address at the opening ceremony of the 2019 First Batch Conversion Training Programme to Procurement Cadre for Federal Parastatals and Agencies, organised by the Bureau of Public Procurement, in Lagos on Monday.
The EFCC boss in the paper delivered on his behalf by the Commission’s Secretary, Ola Olukoyede, decried the huge financial loss to the country, blaming the poor state of the procurement process in Nigeria for corruption which he said had continued to thrive in government agencies and parastatals.
He said, “One third of this money (#1.3trn), using World Bank rates and cost, could have comfortably been used to construct well over 500km of roads; build close to 200 schools; educate about 4000 children from primary to tertiary levels at N25million per child; build 20,000 units of two-bedroom houses across the country and do even more.
“The cost of this grand theft, therefore, is that these roads, schools and houses will never be built and these children will never have access to quality education because a few rapacious individuals had cornered for themselves what would have helped secure the lives of the future generations, thereby depriving them of quality education and healthcare, among others.”
The acting EFCC spokesman, Tony Orilade, said in a statement that Magu further noted that the training organised by the BPP was aimed at giving the participants the tools, knowledge and understanding they would need to carry out their duties in their respective places of primary assignments in an efficient and transparent manner.
“I sincerely hope that at the end of this training, we will see a few cases of financial propriety in our procurement processes in government agencies and parastatal; Indeed, corruption could kill Nigeria, if we do not scale up our proficiency in contract and procurement management process,” Magu said.
He further observed that the establishment of the EFCC in 2003 was borne out of the determination of the Federal Government to combat fraudulent activities of some Nigerians and foreigners, mismanagement in the economic sector, corruption by public officials and lack of accountability and transparency in government dealings.
He identified some of the fraudulent practices in procurement processes to include kickbacks, conflict of interests, fraud in the bidding process, bid suppression, collusive bidding, bid rotation and market division.
Others, according to him are co-mingling of contracts, change order abuse, cost mischarging, defective pricing, false statement and claim, phantom vendors, product substitution, unnecessary purchases and purchases for personal use or resale.
Magu expressed confidence that Nigeria still had patriotic and credible individuals who would do all within their abilities to uphold the credibility and honesty required for leadership in public offices.
The Court of Appeal sitting in Sokoto, led by Justice Tom Yakubu, has set aside the judgement of a Zamfara High Court on the All Progressives Congress (APC) primaries that produced the party’s candidates for governorship, National and State Assembly elections.
In February, the court of appeal sitting in Abuja set aside the judgment of the Federal High Court, Abuja, which barred the APC from fielding candidates, in consonance with the earlier decision of the Independent National Electoral Commission (INEC).
The Federal High Court gave its ruling on 25 January on the same day that another court upheld the primaries organised by the state chapter of the party.
But a 3- man panel of the appellate court described the judgment in Abuja as an abuse of court process. The panel held that the trial court lacked the jurisdiction to have entertained the suit.
The panel further said the suit at the Federal High court was filed out of time.
It said while the electoral act provided for 14 days to institute a suit after the cause of action had arisen, the suit was filed 15 days after, making the action illegal.
The appellate court ruling comes one week after Abubakar Malami, attorney-general of the federation, asked INEC to postpone elections in Zamfara state.
In a letter dated February 13, 2019, Malami said he acted based on a petition from a law firm claiming that recent court judgments have annulled the stand of INEC that the APC did not conduct primaries in the state and can therefore not field candidates.
He had said since the courts admitted that primaries were held, INEC should shift the elections to allow APC catch up with other parties in preparing for the polls.
But the commission disregarded Malami’s letter.
At a press conference in Abuja on Thursday, Mahmood Yakubu, INEC chairman insisted that APC in Zamfara would not field candidates. He spoke before the latest twist at the Appeal Court.
Stanbic IBTC Bank, a member of Standard Bank Group, has again highlighted its resolve to maintain a gender-balanced workforce to ensure it continues to provide quality financial services to clients and Nigerians.
The pledge was given at the 2019 Stanbic IBTC Blue Women Network (BWN) fifth anniversary event held in Lagos.
The BWN, inaugurated five years ago, has consistently organised the BWN event to commemorate the yearly International Women’s Day (IWD) celebrations.
The 2019 IWD theme, “#BalanceForBetter” was a significant opportunity for Stanbic IBTC to celebrate its gender-balanced workforce and its efforts to promote a gender-balanced workplace in society.
The Chief Executive, Stanbic IBTC Holdings PLC, Mr Yinka Sanni, in his opening speech at the BWN event, said Stanbic IBTC is proud to showcase not only its equal opportunity policy, but also its efforts to promote a gender-balanced workplace in society.
“In our 30-year history, we have always insisted on equal opportunity. We have also continued to lead the charge in empowering women. This gives me joy and is something that we are fully committed to as an organization,” Sanni said.
According to the CE, “I am pleased to let you know that Standard Bank Group has recently joined hands with ‘HeForShe’ (UN Women Solidarity Movement for Gender Equality). Our Group Chief Executive, Sim Tshabalala, is amongst other African leaders who have already signed up as a ‘HeForShe’ Impact Champion.”
On March 8, the official International Women’s Day, Stanbic Bank made a bold statement by changing the colour of its logos from blue to magenta, colour of the UN Women HeForShe brand, on the vast majority of its digital platforms, he added.
The Stanbic IBTC Blue Women Network is a platform established to provide the women in Stanbic IBTC the opportunity to engage and share knowledge/information among themselves and in the process gain new insights that will enhance their progress.
In line with the balance theme, Founder/CEO of Channels TV, Mr John Momoh, and the Executive Secretary, Nigerian Investment Promotion Commission, Mrs Yewande Sadiku, who was an ED in Stanbic IBTC before joining government, acted as resource persons for the event. Momoh narrated how he started Channels TV with his wife and how his equal opportunity policy has helped to catapult the TV station to the top of the pile in television programming. Sadiku drew on her over 21-years of work experience with Stanbic IBTC and how she was never discriminated against based on her gender to encourage members of the BWN, especially the young ones, to remain hard working, dedicated, focussed, and creative in their duties. She urged them to take advantage of the opportunity provided by Stanbic IBTC to advance their career while admonishing them not to use their gender as an excuse to be sloppy at work.
The 2019 edition of the Blue Women Network magazine was officially unveiled at the event. The BWN is an initiative of Stanbic IBTC – with a focus on deliberately driving career growth and development of Stanbic IBTC wobran.
The chairperson of BWN, Nike Bajomo, who is an executive director, said women have a duty to be diligent at work and be positive about career growth, otherwise, the famed glass ceiling will limit advancement. “I urge you to do your bit to ensure that the future for the female folk is positive, equal, safe and fulfilling. I don’t see glass ceilings preventing me from attaining success. If you do, then you are getting in your own way,” Bajomo said.
In a show of its commitment to gender equality, Stanbic IBTC made a bold statement on the International Women’s Day (March 8) by changing the colour of its logos which are predominantly blue, to magenta on most of its digital platforms. Magenta is the colour of the UN Women ‘HeForShe’ brand.
As part of activities to mark the IWD 2019, the Stanbic IBTC Blue Lab, which has as one of its mandate the task to build affinity within the technology ecosystem through events targeted at building capacity/providing insights, hosted a panel discussion session tagged ‘Women in Tech’ on Saturday 16 March 2019.
The event provided a veritable platform for the financial institution to educate young females who work in technology field through the experiences and career learning of select speakers.
On the panel were Helen Udoh, Head, Quality Assurance and Software Testing, Stanbic IBTC, Amaka Nwosu, Head, Mobile Channels and Acquiring, Stanbic IBTC, Temidayo Ominiyi, Head, Product Assurance and Customer Care, Stanbic IBTC, and Foluso Gbadamosi, Director, Product Business Process and Technology, Prime Atlantic Group.
Bridget Oyefeso-Odusami, Head, Marketing and Communications, Stanbic IBTC, in her opening address, stressed the importance of women supporting each other and creating balance in the workspace. The well attended session was both engaging and inspirational.
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has upped its contractor support fund with $200 million in a latest effort to boost the financial capacity of vendors and suppliers in Nigeria’s oil and gas industry. This latest move brings the fund size to $2.4 billion.
SPDC’s Director and General Manager, Government and Business Relations, Bashir Bello who signed the $200 million Memorandum of Understanding (MoU) with the United Bank for Africa (UBA) in Abuja on Friday described the initiative as a product of the continuous effort by SPDC and its joint venture partners – NNPC, Total and Agip – to enhance Nigerian content and local participation in the nation’s oil and gas value chain.
The fund provides support for contractors to finance projects executed for Shell companies in Nigeria in line with the aspirations of the Nigerian Content Act. To access the fund, the contractors must have a valid purchase order and meet the bank’s risk assessment criteria.
“Findings indicate that lack of access to capital hinders many Nigerian companies from competing for and executing contracts effectively” said Bello who signed the deal on behalf of SPDC. “This funding will enable us to achieve our community content ambition of increasing participation of host communities in the SPDC value chain.”
The General Manager Energy Bank of UBA, Ebele Ogbue, said the bank was committed to providing support to Nigerian companies through its partnership with SPDC JV. Ogbue, who signed the MoU for UBA, commended the Nigeria and community content efforts of Shell companies in Nigeria, noting that UBA was ready to provide the needed financial backing that would empower Nigerian companies to play more active role in the country’s energy sector and beyond.
The Shell Contractor Funding Scheme started in 2011 with the Shell Kobo Fund, which gave rise to the Shell Contractor Support Fund in 2012.
The scheme has been redesigned to address the current economic exigencies and to align it with stakeholder needs by merging the two initial initiatives. In 2016, Shell signed a $2.2 billion MoU with seven Nigerian banks that have since then disbursed around $1.5 billion loans to about 372 small- and medium-sized Nigerian suppliers and vendors in the oil and gas industry.
Afro-soul star, Aituaje Iruobe aka Waje reportedly wants to quit doing music professionally.
Waje announced this move in a now-viral video, citing high cost of publicity and low purchase rates of her album as reasons why she was considering quitting.
She said, “After everybody shouted ‘Waje, your last album was how many years ago, please we need an album’. Where are all the people that were shouting?
“I don’t have the money for publicity and that’s what I am saying. Emerald’s (her daughter) school fees is there.
“it’s like I have ten things laid out for me and every single time, its always been my music, my music that is taking the bulk of my money.
“I am not willing to put money there anymore,” she said.
Nigerians on Twitter have jumped on the video to react, making ‘Waje’ the number two trending topic on Twitter, on Monday.
Most of the respondents symphatised with her, noting that the music industry can be a hard terrain to glide through. They pleaded with her not to quit music but face her mental health first.
@Monyemorris tweeted, “I am upset by this. But i totally get Waje’s point. Music will just be a bottomless pit where she will be putting limited funds in. I think she should take her music outside Nigeria.”
@Zeon_imyang said, “I’m not happy @OfficialWaje deserves all love and support. Actual support not retweets, buy her album if you can. 🧡🧡🧡🧡I love you waje.”
@Soul_inspiredom said, “In developed countries, Waje’s album will be topping the chart in grossing sales right now and in the weeks to come. But this is Nigeria.”
@Sallykeneth tweeted, “Dear Waje, Stay strong. It’s just a phase. You’ll get over it, learn new ways to ace this thing and shine even brighter. Gosh! I know where you’re coming from.”
@Lafytoluu wrote, “Waje released an Album last year and I loved it. So many good songs on it. What’s going on?”
In 2007, Waje launched her music career. She was still a student at the time and paid her dues by doing lots of free shows and gigs.
In 2008, she featured in the P-Square hit track titled ‘Do Me’. This track was widely known across Africa and some parts of Europe.
She participated in ‘Advanced Warning’, a reality TV show which featured artists that are on the verge of a breakthrough.
The reality show was organised by MTV Base South Africa and Zain Nigeria, where she was the runner up.
Waje has shared the stage with artists such as Wyclef Jean in South Africa, opening for Kerry Hilson during a show organised in Calabar , and featured in “One Naira” by M.I.
Waje was among the judges for The Voice Nigeria alongside Tuface (2face Idibia), Timi Dakolo and Patoranking.
She released a single titled ‘OH MY’ in November 2018 and later released her Album same 2018,titled ‘REDVELVET’.
Boeing Co said it invited more than 200 global airline pilots, technical leaders and regulators for an information session on Wednesday as it looks to return the 737 MAX to commercial service.
The meeting is a sign that Boeing’s planned software patch is nearing completion, though it will still need regulatory approval.
Over the weekend, Ethiopian Airlines executives had questioned whether Boeing had told pilots enough about “aggressive’’ software that pushes the plane’s nose down, a focus of investigation into a deadly crash in Ethiopia this month.
The crash had led to the global grounding of 737 MAX jets.
The informational session in Renton, Washington on Wednesday is part of a plan to reach all current and many future 737 MAX operators and their home regulators to discuss software and training updates to the jet, Boeing said in a statement.
Garuda Indonesia, which on Friday said it planned to cancel its order for 49 737 MAX jets citing a loss of passenger trust after the crashes, was invited to the briefing, CEO Ari Askhara said on Monday.
”We were informed on Friday, but because it is short notice we can’t send a pilot there,” he said, adding the airline had requested a webinar with Boeing but that idea had been rejected.
A Boeing spokeswoman said the Wednesday event was one of a series of in-person information sessions.
”We have been scheduling and will continue to arrange additional meetings to communicate with all current and many future MAX customers and operators,” she said.
Garuda has only one 737 MAX and had been reconsidering its order before the Ethiopian crash, as has fellow Indonesian carrier Lion Air, which experienced a deadly crash in October.
Lion Air Managing Director, Daniel Putut, said Boeing had informed the airline of the Wednesday meeting but it might not attend.
He declined to provide further comment.
Singapore Airlines Ltd said on Monday its offshoot SilkAir, which operates the 737 MAX, had received the invitation to the Wednesday event and would send representatives.
Civil Aviation Authority of Singapore representatives will also attend, a spokeswoman for the regulator said.
Korean Air Lines Co Ltd, which before the grounding had been due to receive its first 737 MAX in April, said it planned to send pilots to Renton.
A spokesman said South Korean low-cost carrier Eastar Jet will send two pilots.
Ethiopian Airlines did not respond immediately to a request for comment about the meeting.
The 737 MAX is Boeing’s best-selling plane, with orders worth more than 500 billion dollars at list prices.
Teams from the three U.S. airlines that own 737 MAX jets participated in a session in Renton reviewing a planned software upgrade on Saturday.
A U.S. official briefed on the matter Saturday said the Federal Aviation Administration (FAA) has not yet signed off on the software upgrade and training but the goal is to review them in coming weeks and approve them by April.
It remained unclear whether the software upgrade, called “design changes” by the FAA, will resolve concerns stemming from the ongoing investigation into the March 10 Ethiopian Airlines crash, which killed all 157 on board.
”After the crash it came to our attention that the system is aggressive,” Yohannes Hailemariam, Vice President for Flight Operations at Ethiopian, said.
”It gives a message of stalling and it takes immediate action which is faster than the action which pilots were briefed to take by Boeing,” said Yohannes, himself a pilot with over 30 years of experience, including flying Boeing’s 777 and 787.
The U.S. official said planned changes included 15 minutes of training to help pilots deactivate the anti-stall system known as MCAS in the event of faulty sensor data or other issues.
It also included some self-guided instruction, the official added.
American Airlines said on Sunday it will extend flight cancellations through April 24 because of the grounding of the 737 MAX and cut some additional flights.
President Muhammadu Buhari has given the nod to Ahmad Lawan as senate president and Femi Gbajabiamila as speaker of the house of representatives in the in-coming National Assembly, according to a report.by The Cable
The national working committee (NWC) of the ruling party was in a meeting with the newly elected APC members in the house of representatives on Monday when this report was filed.
Lawan and Gbajabiamila, who are currently the leaders of the APC caucus in the upper and lower chambers of the national assembly, enjoyed the support of the president in 2015 but Senate President Bukola Saraki and Yakubu Dogara, speaker of the house of reps, teamed up with some Peoples Democratic Party (PDP) lawmakers to edge them out.
While Lawan did not get the opportunity to go head-to-head with Saraki, Gbajabiamila lost to Dogara by eight votes.
However, Saraki is out of the way, having left the APC for the PDP and lost his re-election bid.
Dogara is also not expected to put a fight as PDP, his new party, does not have enough numbers in the house of reps.
APC has a 25 seat majority in Senate and a 100 seat.majority on the House of Representatives.
Last week when he announced his ambition to lead the senate, Lawan, who represents Yobe north, said the ruling party will do things differently in choosing the leadership of the 9th national assembly because it had learnt its lessons in 2015.
Buhari never forgave Saraki for upstaging Lawan in 2015
“We are not in any way thinking that we will have crises; it is not what we are envisaging at all. But let me say that our party, the APC, must have learnt its lessons, and therefore, the party leadership will do something differently this time,” he had said at a press conference in Abuja.
Lawan was elected into the house of representatives in 1999 and got into the senate in 2007. The 60-year-old is a graduate of the University of Maiduguri where he read geography. He also has a postgraduate diploma in land survey, an MSc and PhD in Remote Sensing and Geographic Information System (GIS), all from the University of Cranfield, United Kingdom.
On his part, Gbajabiamila, who represents Surulere 1 federal constituency of Lagos state, is an ally of Bola Tinubu, a national leader of the APC. He was first elected into the green chamber in 2003.
APC reps at Yar’Adua Center for the strategic meeting
A law graduate from the University of Lagos, he started his career with the Bentley, Edu and Co law firm in Lagos before he established his own firm, Femi Gbaja and Co. where he was principal partner. Gbajabiamila later returned to John Marshall Law School in the US and was said to have graduated top of his class, earning himself a juris doctorate. He set up a law firm and had a brief stint of practice in the US after he passed his Georgia bar exams in 2001. Later, he returned to Nigeria to join politics.
Speaking at the Yar’Adua Center, Abuja, where the politicians gathered on Monday, Adams Oshiomole, national chairman of the APC, made it clear that the purpose of the meeting is to ensure that the party produce the leadership of the lower chamber.
“We will ensure that we have a leadership of the national assembly that share the vision of the executive . Although we stick to separation of power and unless the various arms pursue the same agenda it is difficult for the executive to fulfil its promises and legislative backing is often require for most of the executive actions,” Oshiomhole said.
The presidential technical advisory committee led by Bismarck Rewane, the CEO of Financial Derivatives, has submitted its report to President Muhammadu Buhari.
According to the president, the report was submitted on Monday, with ways in which the federal government can generate revenue to pay the new minimum wage.
“On Jan 9, 2019, I inaugurated the Presidential Technical Advisory Committee on the Implementation of the National Minimum Wage (PTAC),” Buhari said via Twitter.
“The PTAC was mandated to advise on how best to fund the additional costs of implementing the imminent increase in the National Minimum Wage.
“Today the PTAC, chaired by Bismarck Rewane, and comprising other experienced economists and administrators from the private sector, as well as Federal Govt officials, and a Representative of the Governors’ Forum, submitted its report.
“I am very pleased that the Committee took on this important national assignment with all seriousness. I thank the chairman, Mr. Bismarck Rewane, and all the Committee members most sincerely for their patriotism, hard work, commitment and sacrifices.”
In January, Buhari appointed the committee “to develop, and advise the government on how to successfully bring about a smooth implementation of impending wage increases”.
He said the committee will also “identify new revenue sources, as well as areas of existing expenditure from where some savings could be made in order to fund the wage increases without adversely impacting the nation’s development goals as set out in the Economic Recovery and Growth Plan”.
The report will form the “basis of a Finance Bill which will be submitted to the National Assembly, alongside the Minimum Wage Bill”.