ThisdayFeb201527_P

T H I S D AY FRIDAY FEBRUARY , G

H FRIDAY FEBRUARY , T H I S D AY

T H I S D AY • FRIDAY, FEBRUARY ,BUSINESS/MONEYGUIDECBN: No Plan to Convert Domiciliary Accounts Deposit to NairaBanks urged to brace up for FG’s e-Collection schemeObinna Chima tion at all to tamper with the Fatokun. MARKET INDICATORS The Central Bank of Nigeria foreign exchange currencies in It explained that further to an the accounts of customers in MONEY AND CREDIT STATISTICS (MILLION NAIRA)(CBN) yesterday refuted the our banks.” earlier letter dated 28th January,news making the rounds that 2015, on the commencement NOVEMBERit is planning to convert Nige- Meanwhile, the CBN yester- of the independent revenuerian bank customers’ foreign day advised all deposit money e-collection scheme, the latestcurrency domiciliary account banks (DMBs) in the country to circular was to remind all banksdeposits (US dollars or British put in place necessary systems that, the scheme has commend.pounds sterling) into the naira. in their branches and to also sensitise their staff members The federal government’s The Director, Corporate on the federal government’s independent revenue e-Communications, CBN, Mr. electronic revenue collection collection initiative wouldIbrahim Mu’azu, who said scheme (e-collection). automate revenue collectionsthis in a statement last night of ministries, departments andinsisted that the rumour was The central bank also urged agencies (MDAs) directly intountrue. banks to ensure the internet the federal government’s con- banking platforms at their solidated revenue fund (CRF) He said: “The CBN wishes braches have been con gured account at the CBN, throughto refute this rumour in the for use by revenue payers, to the Remita e-collection platformstrongest possible terms. This make transfers to the federal and other electronic paymentstory is categorically and government’s e-collection ac- channels.completely untrue and has count seamless.no basis whatsoever in the “As previously communi-Bank’s pronouncements or These directives were cated, your bank branches areplans. The CBN has never contained in a circular to all required to have been set-upcontemplated such an action deposit money banks titled: and sensitised, and your internetand has no intention to do so. “commencement of federal banking platform con gured government’s independent for use by revenue payers, to “For the avoidance of doubt, revenue e-collection scheme make transfers to the federalthe CBN would like to reiterate under the treasury single ac- government e-collection accountthat customers who operate counts (TSA) initiative,” dated in your bank, which will bedomiciliary accounts as well February 25, 2015. swept by you to the CRF, asas the general public should previously agreed between thedisregard this ctitious rumour, The document posted on the CBN, the Of ce of Accountantand go about their normal CBN’s website was signed by its General of the Federationbusinesses. There is no inten- Director, Banking and Payment (OAGF) and DMBs,” it added. System Department, Mr. ‘DipoFIRS, NIBSS, Systemspecs Sensitise Broad Money (M ) ,,.Taxpayers on e-Filing -- Narrow Money (M ) ,,. ---- Currency Outside Banks ,, . As part of efforts to create ing time and cost of compliance Onyejekwe said. ---- Demand Deposits ,,.awareness on the recently for tax payers and reduces the “The e- ling is a simpli- -- Quasi Moneyintroduced e- lling scheme interface between the taxpayers ed form of paying tax by ,,.by the federal government, and tax authorities.the Federal Inland Revenue individuals and corporates. Net Foreign Assets (NFA) ,, .Service (FIRS), the Nigerian “It provides added conve- If you go to the platforms,Interbank Settlement System nience for tax payers who can there are self-assessments. Net Domestic Assets(NDA) ,, .(NIBSS) and Systemspecs now sit in the comfort of their That enables you to assess -- Net Domestic Credit (NDC) ,,.Limited, jointly organised a homes and of ces and upload yourself on what is outstanding -, , .stakeholders’ forum yesterday. their tax returns,” he said. and what is required to pay ---- Credit to Government (Net) and how you can make your ---- Memo: Credit to Govt. (Net) less FMA ,. The conference held in Continuing, the FIRS boss payment,” she noted. ---- Memo: Fed. and Mirror Accounts (FMA) -, , .Lagos, was aimed at sensitising explained that the agency was ---- Credit to Private Sector (CPS)taxpayers in the country on the mandated by law to access, Also, the Managing Direc- --Other Assets Net ,, .bene ts of electronic lling and collect and remit taxes accru- tor/Chief Executive Of cer, -, , .electronic tax paying channels. able to the federal government, Systemspecs Limited, Mr. John saying that in discharging the Obaro explained that prior to Reserve Money (Base Money) ,,. In his address, the acting function, it is also empowered the introduction of the e- ling, --Currency in Circulation ,,.Executive Chairman, FIRS, to employ all lawful strategies payment of taxes which used --Banks Reserves ,,.Alhaji Kabiru Mashi said the to enable it ful l its mandate. to be done manually, was verye- ling was introduced in line cumbersome. MANAGED FUNDS • Source - CBNwith the federal government’s On her part, the Executivequest to simplify tax payments Director, Business Develop- According to him, the Initial Price (N) Buying Price(N) Selling Pricein the country. ment, NIBSS, Mrs. Christabel creation of an electronic ling ,. Onyejekwe explained that the through the Remita platform, a Stanbic Balanced Fund ,. , .. He explained that the collaboration between the three payment engine has simpli ed Stanbic IBTC NEFelectronic ling system is a self- organisations was to develop tax payment. Stanbic SIBond ,. ,. .service system, which enables an e-solution, a platform that Stanbic IBTC Ethical .tax payers to electronically le would make it easy to pay tax “A number of our organisa- Stanbic IBTC GIF .and submit their tax returns across every channel in Nigeria. tions already use Remita to pay UBA Balanced Fund .along with accompanying salaries, pension funds and UBA Bond Fund . .documentations. The scheme is to make it easy others. But now, they are able UBA Equity Fund . for taxpayers, wherever they to make tax payments to the UBA Money Market Fund . . “It serves as a means of reduc- are to pay tax without stress, FIRS on the platform. ARM Aggressive Growth Fund . ARM Discovery Fund N.Group Highlights Benefits of Equipment Leasing ARM Ethical Fund . N. ARM Money Market Fund N. . . (Yield ) The Equipment Leasing mation and communication, a huge demand for heavy earth .Association of Nigeria (ELAN) technology, infrastructure, moving equipment and otherhas stressed that despite the housing, manufacturing, job assets for small scale miners .challenging economic condi- creation initiative, health,tion in the country, there are aviation, transportation, among Also for the creative N.great opportunities for leasing others. industries, he stressed thatto thrive. huge business opportunities N. Speci cally, he noted that to abound in music, lm, ne Chairman of ELAN, Mr. sustain Nigeria’s ongoing trans- art and craft, information N.Chuka Onwuchekwa who formation in the agricultural technology and software,stated this in a report made sector, various equipment would among others. • Monetary Policy Rate - 13%available to THISDAY, however be required in the completepointed out that leasing thrives agric value chain. Various assets like state-of- OPEC DAILY BASKET PRICE AS AT JANUARY ,both in a booming or declining the-art lm making equipmenteconomy. Onwuchekwa listed assets e.g. camera, editing machines The price of OPEC basket of twelve crudes stood at . dollars a barrel on Friday, compared such as tractors, storage and would be required, he said. with . the previous day, according to OPEC Secretariat calculations. According to him, the federal processing facilities, planters, The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blendgovernment’s developmental trucks to transport farm produce According to the ELAN boss, (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Lightagenda in areas such as the and so on, backed by exible the recent strides in the power (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arabagricultural, power, creative government’s incentives as some sector via the creation of the Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).industries and solid minerals items that could be leased. Generating Companies (Gencos)would offer great market and Distribution Companies SOURCE: OPEC headquarters, Viennapotential for leasing. For the solid minerals sector, (Discos) have opened a huge he said government’ plans to gap for the provision of leasing Other sectors include infor- revitalise the sector would create services.

T H I S D AY • FRIDAY, FEBRUARY , Nigeria’s top 50 stocks based on market fundamentals 26-Feb-15 25-Feb-15 % Change Capitalisation EPS P/E P/S Div. Yld Price/ Table 1 Market Statistics Book Value Mkt Indicators Open Close Change % 25-Feb-15 26-Feb-15 13.41 6.63 4.56% 4.3601 Dangote Cement Plc 153.50 154.00 -0.32% 2,615,717,886,667.50 11.45 22.14 3.71 3.32% 10.02 NSE All Share Index 30,195.56 30,045.56 -0.50%02 Nigerian Brew. Plc. 135.51 137.74 -1.62% 1,024,822,077,580.32 6.12 7.57 2.78 6.22% 1.94 NSE Market Cap (N'Trillion) 10.08 10.03 -0.50%03 Guaranty Trust Bank Plc. 23.30 23.20 0.43% 30.20 4.90 2.86% 14.25 127.95 127.36 -0.46%04 Nestle Nigeria Plc. 839.00 824.01 1.82% 685,746,475,919.20 3.08 5.81 1.55 9.72% 1.23 Thisday BGL 50 Index 9.26 9.22 -0.46%05 Zenith Bank Plc 18.00 18.75 -4.00% 665,038,595,428.00 27.78 10.30 0.62 3.76% 0.70 Thisday BGL 50 Market06 Ecobank Transnational Incorporated 16.50 16.50 0.00% 565,136,888,148.00 3.10 4.96 1.91 3.40% 1.26 Cap (N'Trillion)07 Seplat Petroleum Dev. Co. Ltd. 470.00 470.00 0.00% 263,219,620,356.00 1.60 3.76 0.63 12.82% 0.5208 FBN Holdings Plc 0.00% 260,055,847,110.00 94.70 9.43 2.11 0.40% 2.22 Table 3 Top 5 Gainers Open Close Change %09 Stanbic IBTC Holdings Plc 7.80 7.80 -0.36% 254,530,257,976.80 2.08 8.76 2.41 4.00% 2.45 25-Feb-15 26-Feb-1510 Lafarge Africa Plc. 24.98 25.07 -0.02% 249,800,000,000.00 2.65 34.03 1.69 1.88% 5.80 Stock11 Forte Oil Plc. 82.50 82.52 -1.67% 247,632,000,330.00 9.42 19.71 1.65 0.00% 4.46 38.84 41.49 6.82%12 Guinness Nig Plc 212.50 216.10 -1.61% 229,559,633,450.00 6.25 3.69 0.67 5.62% 0.54 U A C N Plc. 2.76 2.89 4.71%13 Access Bank Plc. 123.01 125.02 -4.89% 185,239,306,005.88 6.24 36.86 2.18 3.63% 20.41 Mansard Insurance Plc 2.90 3.00 3.45%14 Unilever Nigeria Plc. 6.23 6.55 -0.29% 142,560,584,796.84 1.69 20.46 0.22 5.54% 0.78 Honeywell Flour Mill Plc 6.24 6.41 2.72%15 Oando Plc 34.40 34.50 1.50% 130,145,391,000.00 0.93 2.64 0.42 14.33% 0.48 Dangote Sugar Refinery Plc 3.80 3.90 2.63%16 United Bank for Africa Plc 13.55 13.35 -0.29% 123,097,491,749.90 0.66 26.68 1.59 4.49% 2.48 Custodian And Allied Insur-17 P Z Cussons Nigeria Plc. 3.49 3.50 2.01% 115,105,042,605.34 1.32 9.07 3.18 1.88% 1.12 ance Plc18 Transnational Corporation Of Nigeria Plc 28.98 28.41 0.00% 115,064,424,764.10 1.09 18.70 1.29 1.40% 5.8019 7-Up Bottling Comp. Plc. 2.66 2.66 0.00% 102,997,853,150.50 0.29 19.24 0.28 5.65% 1.09 Table 4 Top 5 Losers Open Close Change %20 Flour Mills Nig. Plc. 156.98 156.98 0.62% 100,559,875,183.74 8.39 5.75 0.76 7.80% 1.57 25-Feb-15 26-Feb-1521 Dangote Sugar Refinery Plc 35.42 35.20 2.72% 92,950,481,163.54 1.84 8.57 0.94 4.50% 1.02 Stock22 U A C N Plc. 6.41 6.24 -3.07% 76,920,000,000.00 1.11 11.82 2.12 3.43% 6.52 33.81 30.52 -9.73%23 Cadbury Nigeria Plc. 38.85 40.08 -2.32% 74,625,581,434.95 4.53 1.93 0.31 7.32% 0.40 Okomu Oil Palm Plc. 6.55 6.23 -4.89%24 Diamond Bank Plc 37.90 38.80 -2.38% 71,183,857,316.00 3.21 9.21 0.92 0.00% 1.02 Access Bank Plc. 18.75 18.00 -4.00%25 Unity Bank Plc 4.10 4.20 0.00% 59,348,496,730.50 2.12 7.33 0.26 6.14% 2.58 Zenith Bank Plc 4.20 4.10 -2.38%26 Julius Berger Nig. Plc. 0.50 0.50 0.00% 58,446,689,710.00 0.05 27.13 3.09 1.43% 5.07 Diamond Bank Plc 38.80 37.90 -2.32%27 International Breweries Plc. 44.00 44.00 1.80% 58,080,000,000.00 6.00 7.81 0.66 4.00% 4.04 Cadbury Nigeria Plc.28 Mobil Oil Nig Plc. 17.51 17.20 -0.07% 57,126,837,789.30 0.65 6.51 0.50 11.01% 0.0729 Sterling Bank Plc. 150.00 150.10 0.89% 54,089,289,300.00 19.21 9.04 0.20 6.43% 3.32 8 day gaining sreak interrupted with30 Total Nigeria Plc. 2.27 2.25 0.00% 49,015,686,860.65 0.35 2.61 0.31 13.95% 0.29 modest 0.50% loss31 FCMB Group Plc. 140.01 140.01 2.38% 47,536,452,398.37 15.49 44.70 1.92 2.21% 0.8532 Ashaka Cem Plc 2.15 2.10 0.00% 42,575,828,121.10 0.82 16.41 1.34 3.10% 3.10 Market pulse on the Nigerian Stock Exchange33 Glaxo Smithkline Consumer Nig. Plc. 18.98 18.98 0.00% 42,504,820,312.50 0.42 5.56 0.29 10.94% 0.22 (NSE) today- Thursday February 26th 2015, was34 Fidelity Bank Plc 42.00 42.00 2.40% 40,181,449,980.00 2.56 9.87 2.85 0.31% 1.82 bearish, as Brent crude traded above $61 per barrel35 Presco Plc 1.28 1.25 0.00% 37,087,740,189.44 0.23 13.59 3.29 3.28% 1.26 in choppy trade, after a sharp rally in the previous36 Okomu Oil Palm Plc. 32.38 32.38 -9.73% 32,380,000,000.00 3.28 14.44 1.92 1.38% 1.87 session, as bulging U.S. crude stockpiles offset37 Mansard Insurance Plc 30.52 33.81 4.71% 29,113,333,200.00 2.25 1.86 0.22 14.15% 0.23 indications of a recovery in demand. The equity38 Skye Bank Plc 2.89 2.76 -0.93% 28,900,000,000.00 0.20 23.92 4.18 2.51% 21.21 market closed red due to negative performances39 Cap Plc 2.12 2.14 0.00% 28,024,989,513.12 1.14 7.55 0.44 5.33% 1.23 from the oil & gas and consumer goods sector,40 Honeywell Flour Mill Plc 39.78 39.78 3.45% 27,846,000,000.00 1.66 5.55 0.91 2.82% 1.12 despite the insurance and banking sectors closing41 Custodian And Allied Insurance Plc 3.00 2.90 2.63% 23,790,592,974.00 0.40 6.56 1.56 14.17% 3.00 green. Trading activities decreased in volume as42 National Salt Co. Nig. Plc 3.90 3.80 2.42% 22,939,270,360.50 0.70 5.05 1.40 7.67% 0.47 321.66 million shares worth N4.65 billion in 4,14843 UACN Property Development Co. Limited 6.35 6.20 0.00% 16,823,933,700.30 0.97 9.50 0.82 6.54% 1.38 deals exchanged hands today. This is a decrease44 Cement Co. Of North.Nig. Plc 9.13 9.13 0.00% 15,692,187,454.35 1.81 5.34 0.56 11.76% 0.60 from the 369.82 million shares worth N3.79 billion45 Continental Reinsurance Plc 10.71 10.71 0.00% 13,459,018,873.86 1.13 17.47 1.78 0.00% 0.47 in 4,507 trades carried out on Wednesday. Topping46 Wapic Insurance Plc 0.85 0.85 -1.96% 9.12 0.81 6.65% 1.12 in volume terms was Zenith Bank Plc. FBN Holdings47 Nigerian Aviation Handling Company Plc 0.50 0.51 -1.96% 8,816,832,665.20 0.16 5.36 0.25 0.00% 0.50 and Diamond Bank Plc., while Nigerian Breweries48 AIICO Insurance Plc. 4.51 4.60 1.37% 6,691,369,124.00 0.03 0.11 0.02 0.00% 0.03 Plc. and Zenith Bank Plc. ended trading as the most49 Resort Savings & Loans Plc 0.74 0.73 0.00% 6,659,296,875.00 0.49 36.58 0.63 0.00% 2.40 active stocks in value terms.50 Livestock Feeds Plc. 0.50 0.50 0.00% 6,512,151,315.20 0.14 2.13 2.13 5,664,866,202.00 4.68 The All Share Index (NSEASI) closed positive TOTAL 4,259,998,760.34 0.06 with a 0.50% (+150.00) increase to 30,045.56 TOTAL MARKET CAP from 30,195.56 the previous trading day. Market % OF MARKET CAP Capitalization depreciated in tandem to N10.03 Annotation - MA* = Simple Moving Average trillion from N10.08 trillion the prior trading day. The Thisday BGL 50 Index also followed suit with a 0.46% decrease to close at 127.36 from 127.95 the previous trading day, while its market capitalization stood at N9.22 trillion from N9.26 trillion the previous trading day. A total number of 22 stocks gained on the bourse today while 22 stocks declined, leaving 61 stocks unchanged. UACN Plc. emerged the toast of investors as it topped the Thisday BGL 50 Index gainers’ list with a gain of 6.82% to close at N41.49 per share. It was followed Mansard Insurance Plc. with a gain of 4.71% to close at N2.89 per share. Others on the gainers chart include; Honeywell Flour Mill Plc. Dangote Sugar Refinery Plc. and Custodian And Allied Insurance Plc. On the decliners’ list, Okomu Oil Palm Plc. led with a loss of 9.73% to close at N30.52 per share. It was followed Access Bank Plc. with a loss of 4.89% to close at N6.23 per share. Others on the decliners’ list are; Zenith Bank Plc. Diamond Bank Plc. and Cadbury Nigeria Plc. 9,215,276,304,546.34 REQUIRED DISCLOSURE This report has been prepared by BGL Plc. BGL Plc does 10,025,115,111,631.00 and seeks to do business with companies covered in its research reports. As a result, the firm may have a conflict of interest that could affect the objectivity of this 91.92% report. Investors should use this report as one of many other factors in making their investment decisions. For more details go to www.thisdaylive.com

T H I S D AY • FRIDAY, FEBRUARY ,MARKET NEWSEquities Market Declines After 8 Days of Bull RunGoddy Egene and Stock Exchange (NSE) All-Share decline in the ASI yesterday Insurance (4.7 per cent) and revenue of N143.3 billion, up cent to N24.4 billion, from N26Eromosele Abiodun Index went down by 0.50 was mainly due to sell-offs Custodian & Allied Insurance by 7.7 per cent from N133.1 billion in 2013, while pro t after per cent to close at 30,045.56. huge capitalised equities like (2.6 per cent). billion posted in 2013. Cost tax stood at N22.2 billion in The Nigerian equities market Similarly, market capitalisation Zenith Bank, Nigerian Breweries of sale rose by 7.6 per cent 2014 compared to N22.3 billionclosed on a negative note yes- shed N50 billion to close at N10 and Dangote Cement. UAC of Nigerian Plc led the from N76.3 billion to N82.1 in 2013.terday after eight consecutive trillion. The moderation in the price gainers with 6.8 per cent, billion, while gross pro t grewdays of gains. The market has trading was attributed to pro t However, 22 stocks depreci- followed by NEM Insurance Plc by almost same margin from Meanwhile, Okomu Oil Palmremained bullish since last taking by short term investors ated just as 22 others appreci- with 5.0 per cent.Nestle Nigeria, N56.8 billion to N61.2 billion. Plc led the price losers withweek following the activities who moved in to lock in gains ated in value as well. Sectorally, which declared a nal dividend Financial charges soared by 147 9.7 per cent , trailed by Unitedof bargain hunters. recorded in most of the equities only the NSE Insurance Index of N17.50 the previous day also per cent from N2.1 billion to Bank for Africa Plc with 4.9 per in the last bullish days. closed positively. It went up closed among the gainers with N5.3 billion. This depressed cent. Consequently, the NSE However, the market moder- by 1.7 per cent on the back 1.8 per cent appreciation. the pro t before tax by 6.7 per the Banking Index went downated yesterday as the Nigerian Speci cally, signi cant of gains recorded by Mansard by 1.8 per cent. Nestlé ended 2014 with a T H E N I G E R I A N S T O C K E X C H A N G E AS AT // MAIN BOARD DEALS MARKET QUANTITY VALUE TRADED MAIN BOARD DEALS MARKET QUANTITY VALUE TRADEDDaily Summary (Equities) PRICE TRADED N 2 PRICE TRADED NActivity Summary on Board EQTY ROYAL EXCHANGE PLC. 20,049AGRICULTURE No. of Deals Current Price Quantity Traded Value Traded STANBIC IBTC HOLDINGS PLC 44 0.5 1,510,021 10,024.50Crop Production 1 0.5 11,000 5,500.00 UBA CAPITAL PLC 47 24.98 1,492,135 37,766,706.60FTN COCOA PROCESSORS PLC Other Financial Institutions Totals 868OKOMU OIL PALM PLC. 59 30.52 1,048,511 32,006,291.72 FINANCIAL SERVICES Totals 2,305 1.45 79,726,063 2,162,382.39PRESCO PLC 4 32.38 11,797 362,993.69 HEALTHCARE 259,674,047 543,891,566.80Crop Production Totals Current Price Pharmaceuticals No. of Deals Current Price 2,322,298,226.22Livestock/Animal Specialties 64 1,071,308 32,374,785.41 EVANS MEDICAL PLC. 1 2.15 Quantity TradedLIVESTOCK FEEDS PLC. No. of Deals 2.13 Quantity Traded Value Traded FIDSON HEALTHCARE PLC 11 3 4,000 Value TradedLivestock/Animal Specialties Totals GLAXO SMITHKLINE CONSUMER NIG. PLC. 11 42 8,200.00AGRICULTURE Totals 9 195,050 408,828.78 MAY & BAKER NIGERIA PLC. 1.73 407,067CONGLOMERATES 9 195,050 408,828.78 NEIMETH INTERNATIONAL PHARMACEUTICALS PLC 24 0.74 56,410 1,226,481.00Diversified Industries 73 1,266,358 32,783,614.19 Pharmaceuticals Totals 2 2,258,778.52A.G. LEVENTIS NIGERIA PLC. Quantity Traded Value Traded HEALTHCARE Totals 588,386 1,023,157.78JOHN HOLT PLC. No. of Deals Current Price 248,177 295,000.63 ICT 49 14,000S C O A NIG. PLC. 12 1.19 Computer Based Systems 49 9,940.00TRANSNATIONAL CORPORATION OF NIGERIA PLC 1 0.96 57 55.29 COURTEVILLE BUSINESS SOLUTIONS PLC 1,069,863 4,526,557.30U A C N PLC. 3 4.44 12,199 51,479.78 Computer Based Systems Totals No. of Deals Current Price 1,069,863 4,526,557.30Diversified Industries Totals 2.66 23,064,263 62,368,720.49 IT Services 1 0.5CONGLOMERATES Totals 238 5,048,905 202,883,283.30 COMPUTER WAREHOUSE GROUP PLC 1 Quantity Traded Value TradedCONSTRUCTION/REAL ESTATE 130 41.49 28,373,601 265,598,539.49 IT Services Totals Current Price 3,000 1,500.00Building Structure/Completion/Other 384 28,373,601 265,598,539.49 ICT Totals No. of Deals 4.13 3,000 1,500.00COSTAIN (W A) PLC. 384 Quantity Traded Value Traded INDUSTRIAL GOODS 1G CAPPA PLC 100,000 73,000.00 Building Materials 1 Quantity Traded Value TradedBuilding Structure/Completion/Other Totals No. of Deals Current Price 23,750 326,325.00 ASHAKA CEM PLC 2 36 144.36Infrastructure/Heavy Construction 1 0.73 123,750 399,325.00 BERGER PAINTS PLC 36 144.36JULIUS BERGER NIG. PLC. 1 Quantity Traded Value Traded CAP PLC No. of Deals Current PriceInfrastructure/Heavy Construction Totals 2 14.46 41,495 1,912,950.40 CEMENT CO. OF NORTH.NIG. PLC 6 18.98 3,036 1,644.36Real Estate Development Current Price 41,495 1,912,950.40 DANGOTE CEMENT PLC 17 9UACN PROPERTY DEVELOPMENT CO. LIMITED No. of Deals Quantity Traded Value Traded PAINTS AND COATINGS MANUFACTURES PLC 12 39.78 Quantity Traded Value TradedReal Estate Development Totals 24 44 123,656 1,160,106.69 LAFARGE AFRICA PLC. 10 10.71 24,201 479,374.64Real Estate Investment Trusts (REITs) 24 Current Price 123,656 1,160,106.69 Building Materials Totals 47 153.5 60,644 493,399.72SKYE SHELTER FUND PLC Quantity Traded Value Traded Electronic and Electrical Products 1 1.49 28,126Real Estate Investment Trusts (REITs) Totals No. of Deals 9.69 4,000 400,000.00 CUTIX PLC. 85 81,200 1,066,269.38CONSTRUCTION/REAL ESTATE Totals 22 Current Price 4,000 400,000.00 Electronic and Electrical Products Totals 46 812,737.00CONSUMER GOODS 22 292,901 3,872,382.09 INDUSTRIAL GOODS Totals 139 Current Price 157,849Automobiles/Auto Parts 100 Quantity Traded Value Traded NATURAL RESOURCES No. of Deals 1.5 160,000 24,269,407.95DN TYRE & RUBBER PLC No. of Deals 1,000 Chemicals 2,453,121 238,400.00Automobiles/Auto Parts Totals 2 1,000 500 B.O.C. GASES PLC. 12 2,965,141Beverages--Brewers/Distillers 2 Quantity Traded 500 Chemicals Totals 12 Quantity Traded 208,519,569.16CHAMPION BREW. PLC. 478,317 Value Traded Metals 151 306,824 235,879,157.85GUINNESS NIG PLC 50 67,770 2,503,342.85 ALUMINIUM MANUFACTURING COMPANY PLC 306,824INTERNATIONAL BREWERIES PLC. 604,324 8,359,105.83 Metals Totals 3,271,965 Value TradedNIGERIAN BREW. PLC. No. of Deals Current Price 9,086,661 10,624,388.48 NATURAL RESOURCES Totals No. of Deals Current Price 474,108.20PREMIER BREWERIES PLC 1 0.5 33,730 1,229,230,750.54 OIL AND GAS 4 5.21 Quantity Traded 474,108.20Beverages--Brewers/Distillers Totals 1 10,270,802 115,693.90 Energy Equipment and Services 4 2,787Beverages--Non-Alcoholic Current Price Quantity Traded 1,250,833,281.60 JAPAUL OIL & MARITIME SERVICES PLC Current Price 2,787 236,353,266.057-UP BOTTLING COMP. PLC. No. of Deals 5.2 32,310 Value Traded Energy Equipment and Services Totals No. of Deals 7.75Beverages--Non-Alcoholic Totals 33 32,310 4,861,162.48 Integrated Oil and Gas Services 1 Quantity Traded Value TradedFood Products 45 123.01 Quantity Traded 4,861,162.48 OANDO PLC 1 5,373 13,795.65DANGOTE FLOUR MILLS PLC 31 17.51 260,150 Value Traded Integrated Oil and Gas Services Totals 5 5,373 13,795.65DANGOTE SUGAR REFINERY PLC 170 2,379,693 891,011.98 Petroleum and Petroleum Products Distributors 8,160FLOUR MILLS NIG. PLC. 1 135.51 880,229 15,239,183.92 BECO PETROLEUM PRODUCT PLC No. of Deals Current Price Value TradedHONEYWELL FLOUR MILL PLC 3.61 301,578 31,229,223.45 CONOIL PLC 5 0.5 Quantity Traded 39,599.01NATIONAL SALT CO. NIG. PLC 280 944,520 902,163.38 ETERNA PLC. 5 53,700 39,599.01N NIG. FLOUR MILLS PLC. No. of Deals Current Price 6,012,534.70 FORTE OIL PLC. Current Price 53,700 53,394.66U T C NIG. PLC. 156.98 80 1,372.00 MOBIL OIL NIG PLC. No. of Deals 13.55Food Products Totals 21 274 137 MRS OIL NIGERIA PLC. 156 Quantity Traded Value TradedFood Products--Diversified 21 Current Price 4,766,524 54,275,626.43 TOTAL NIGERIA PLC. 156 Current Price 1,834,702 26,850.00CADBURY NIGERIA PLC. No. of Deals 3.39 Quantity Traded Value Traded Petroleum and Petroleum Products DistributorsTotals 0.5 1,834,702 26,850.00NESTLE NIGERIA PLC. 23 6.41 130,521 4,939,747.42 Exploration and Production No. of DealsFood Products--Diversified Totals 64 35.42 77,639 64,448,825.89 SEPLATPETROLEUM DEVELOPMENTCOMPANYLTD 1 32.78 Quantity Traded Value TradedHousehold Durables 114 3 208,160 69,388,573.31 Exploration and Production Totals 2.6 31,000 25,016,593.27VITAFOAM NIG PLC. 23 6.35 Quantity Traded Value Traded OIL AND GAS Totals 20 158,643 25,016,593.27VONO PRODUCTS PLC. 33 18.05 225,004 772,627.98 SERVICES 11 212.5 Value TradedHousehold Durables Totals 1 0.5 1,000 930 Automobile/Auto Part Retailers 60 150 220,484Personal/Household Products 2 226,004 773,557.98 R T BRISCOE PLC. 20 171,649 15,500.00P Z CUSSONS NIGERIA PLC. 260 Current Price Quantity Traded Value Traded Automobile/Auto Part Retailers Totals 1 50.54 4,951,675.99UNILEVER NIGERIA PLC. No. of Deals 37.9 1,497,449 42,792,282.97 Courier/Freight/Delivery 11 140.01 41,717Personal/Household Products Totals 25 839 7,366,136 254,063,146.26 RED STAR EXPRESS PLC 124 Current Price 62 573,187.20CONSUMER GOODS Totals 78 8,863,585 296,855,429.23 Courier/Freight/Delivery Totals No. of Deals 36,284,800.69FINANCIAL SERVICES 103 Current Price 24,368,385 1,676,988,131.03 Employment Solutions 33 470 15,427Banking No. of Deals 3.59 Quantity Traded Value Traded C & I LEASING PLC. 33 638,982 6,266,031.28ACCESS BANK PLC. 15 0.93 9,877,546 61,993,905.39 Employment Solutions Totals 318 Quantity Traded 2,977.24DIAMOND BANK PLC 1 29,117,131 121,877,170.32 Hotels/Lodging 54,069ECOBANK TRANSNATIONAL INCORPORATED 16 Current Price 82,210 1,325,025.50 IKEJA HOTEL PLC No. of Deals Current Price 54,069 2,158,504.10FIDELITY BANK PLC No. of Deals 28.98 11,591,665 14,926,222.08 TRANSCORP HOTELS PLC 3 0.76 2,581,453 50,252,676.50GUARANTY TRUST BANK PLC. 48 34.5 26,557,124 623,786,983.48 Hotels/Lodging Totals 3 Value TradedSKYE BANK PLC 46 1,670,053 3,542,739.59 Printing/Publishing Current Price Quantity Traded 24,472,160.41STERLING BANK PLC. 94 665,184 1,507,535.83 ACADEMY PRESS PLC. No. of Deals 3.71 3,061 24,472,160.41UNITED BANK FOR AFRICA PLC 775 27,155,112 96,423,057.35 LEARN AFRICA PLC 8 3,061 99,768,280.18UNION BANK NIG.PLC. 151,060 1,360,516.54 UNIVERSITY PRESS PLC. 8 Current PriceUNITY BANK PLC No. of Deals Current Price 20,000 10,000.00 Printing/Publishing Totals 0.5 Quantity Traded Value TradedWEMA BANK PLC. 154 6.23 11,605,781 11,060,215.40 Road Transportation No. of Deals 38,950 2,234.53ZENITH INTERNATIONAL BANK PLC 89 4.1 44,525,816 829,576,846.43 ASSOCIATED BUS COMPANY PLC 1 Current Price 38,950 2,234.53Banking Totals 32 16.5 163,018,682 1,767,390,217.91 Road Transportation Totals 1 3.41Insurance Carriers, Brokers and Services 89 1.28 Quantity Traded Value Traded Specialty 10 Quantity Traded Value TradedAIICO INSURANCE PLC. 367 23.3 1,751,889 1,279,750.01 SECURE ELECTRONIC TECHNOLOGY PLC No. of Deals 122 142,326.20CONTINENTAL REINSURANCE PLC 60 2.12 3,161,600 2,688,168.00 Specialty Totals 9 Current Price 122 142,326.20CONSOLIDATED HALLMARK INSURANCE PLC 18 2.27 20,000 10,000.00 Transport-Related Services 1 1.06INTERNATIONAL ENERGYINSURANCE COMPANY PLC 245 3.48 1,555 777.5 AIRLINE SERVICES AND LOGISTICS PLC 10 1.21 Quantity Traded Value TradedLASACO ASSURANCE PLC. 36 9 11,500 5,750.00 NIGERIAN AVIATION HANDLING COMPANY PLC 4.2 134,810 61MANSARD INSURANCE PLC 1 0.5 121,700 351,713.00 Transport-Related Services Totals No. of Deals 10,000 61N.E.M INSURANCE CO (NIG) PLC. 25 0.95 5,902,500 3,678,700.00 Support and Logistics 3 Current Price 144,810NIGER INSURANCE CO. PLC. 249 18 30,000 15,000.00 CAVERTON OFFSHORE SUPPORT GRP PLC 2 0.53 Value TradedWAPIC INSURANCE PLC 5,209,158 2,604,579.00 Support and Logistics Totals 1 Quantity Traded 459,702.10Insurance Carriers, Brokers and Services Totals 1,365 Current Price 16,209,902 10,634,437.51 SERVICES Totals 6 Current Price 3,481 104,300.00Micro-Finance Banks No. of Deals 0.74 Quantity Traded Value Traded EQTY Board Totals 0.5 2,611 564,002.10NPF MICROFINANCE BANK PLC 0.85 69,400 57,004.00 Equity Activity Totals No. of Deals 3,551Micro-Finance Banks Totals 14 0.5 69,400 57,004.00 Daily Summary (ETP) 3 Current Price 9,643 Value TradedMortgage Carriers, Brokers and Services 12 0.5 Quantity Traded Value Traded Exchange Traded Fund 3 2.1 4,013.96RESORT SAVINGS & LOANS PLC 0.5 650,000 325,000.00 Name Quantity Traded 3,315.97Mortgage Carriers, Brokers and Services Totals 1 2.89 650,000 325,000.00 LOTUS HALAL EQUITY ETF No. of Deals 4.51 15,560 14,168.49Other Financial Institutions 1 0.63 Quantity Traded Value Traded NEWGOLD EXCHANGE TRADED FUND (ETF) 1 Current Price 15,560 21,498.42AFRICA PRUDENTIAL REGISTRARS PLC 1 0.5 1,002,657 2,802,107.11 VETIVA GRIFFIN 30 ETF 1CUSTODIAN AND ALLIED PLC 4 0.5 262,576 1,024,186.40 Exchange Traded Fund Totals 2.95 Quantity Traded Value TradedDEAP CAPITAL MANAGEMENT & TRUST PLC 20 29,000 19,430.00 ETF Board Totals No. of Deals 19,000 8,246.80FBN HOLDINGS PLC 2 Current Price 59,898,528 467,265,093.21 ETP Activity Totals 2 19,000 8,246.80FCMB GROUP PLC. 10 0.85 15,511,097 32,841,636.59 65 33 Quantity Traded Value Traded No. of Deals Current Price 35 5,010 9,500.00 5 0.5 No. of Deals 9,500.00 5 375,248 No. of Deals Current Price 5 380,258 Value Traded 2 2.8 5 Quantity Traded 10,472.00 2 3.9 72 134,700 No. of Deals 0.7 4,184 134,700 1,719,921.00 37 7.8 4,184 746,104 1,730,393.00 8 2.15 321,655,873 Value Traded 1 321,655,873 597 378,507.00 132 378,507.00 2,856,769.05 4,645,100,804.62 4,645,100,804.62 No. of Deals Current Price Quantity Traded Value Traded 1 10.05 5 50.25 2 2 2,346.00 28 65,722.00 5 13.68 2,155 29,781.40 5 2,188 95,553.65 5 2,188 95,553.65 2,188 95,553.65

T H I S D AY • FRIDAY, FEBRUARY ,WORLD OF ISLAM Edited by: MJO Mustapha Email [email protected] Precepts of Islamic Economics and its Dynamics – 5Continued from last week rods of both income and the time period. Through in converting the saving into the investment. The its prohibition of interest and usury, its setting ofP.P. Abdul Razak (IslamOnline) this, Islam says that it is the obligation of the rich who gives out the right of the deprived in their checks and balances in an entity’s acquisition of trustees of the surplus income to provide the needy property every year cannot help thinking of channeling wealth, its law of inheritance, its other laws relatedC haracteristics of Islamic Law of and the poor to meet their basic necessities of their saving into a kind of productive investment. to economic transactions and the power it gives Surplus Income the life and Islam requires the state makes its This has to be looked upon from another angle to the state to con scate the surplus wealth of the The main characteristic features of own responsibility to ensure the protection of also that Islam prohibits interest as well. The right rich in the event of the state sees it inevitable etc. the Islamic Law of Surplus Income such rights. By xing one year time period for of the deprived in the surplus income of the rich Moreover, Islam has got social welfare and security are the following: calculation of the surplus income, Islam wants together with the prohibition of interest works as schemes like Wakf and as mentioned earlier it gives Islam is not ready to leave the weaker sections of to take into consideration of short and long term an effective catalyst in turning the saving into the unrestricted right to socio-economic security forthe society for the market competition sitting passively economic problems of the trustees of the surplus investment and generating thereby the economic the handicapped and the sick.and looking into their problems indifferently. It knows income while assessing his/her economic status. growth both in its micro and macro levels. Interest,and understands that they have been denied the apart from being a moral graveyard, is a dead end The Holy Quran once more makes it clear byequal opportunities for various historical, social The Law of Surplus Income does not leave the of an economic transaction whereas each and every elaborating the seven sects of the society who areand natural reasons. It perceives why they have right of the deprived to the market fluctuations or economic transaction which Islam has made lawful entitled for Zakat. If we study those seven sectsbecome unable to make both ends of their life meet. supply-demand mechanism. Islam wants to assert ensures various streams of value chains and long of the people deeply, we will understand thatQuite different from the cruel and brutal capitalistic and establish the rights of the deprived independent cycles of diverse economic transactions. Apart from Zakat cannot be utilized in the developmentalmethods of making the weaker, the deprived and of the market mechanism and over and beyond it. prohibiting the commoditization of money and renting works of which both haves and have-nots arethe backward classes of the society scapegoats of the it thereof which has no intrinsic and inherent utility common bene ciaries of it. But it says zakat hasintense competition by blatant misappropriation of the The Law of Surplus Income is not related to entailing from its entity itself, Islam sees it abhorrent to be utilized for the upliftment of the backwardtheory of survival of the fittest in the socio-economic rewards of the laborers and their rights only. It does to extract anything additional on a lent and loaned and the weaker sections of the society. For meetingrealms which originally was expounded by Charles not see the wealth as a problem only between the (same thing given and taken back) thing since it the expenditure of governance and developmentalDarwin only in the areas of origin of species and capitalist and the laborers. On the contrary, the Law does not create any other economic opportunity works, government may levy other service taxestheir existence, Islam approaches the problem from of Surplus Income views the society from three for anybody other than the lender while bartering on its citizenry. Zakat is never tantamount to thehumanitarian level. Islam recognizes the competition levels. In order to categorize the three, I am taking and/or buying a thing (exchange of money or service tax payable to the government and the oneand understands it as the wheel of the civilization as liberty to coin some words with its de nitions. something with something else) creates long cycle won’t stand instead of the other. For collection ofwell. At the same time, it does not want to ignore of economic opportunities for the supplier of the Zakat, Islam uses both the means of piety and thethe weaker sections who have been pushed back in The Needy: those who cannot make both ends raw materials, manufacturer, distributor, transporter, force of the power. The Hereafter life awareness ofthe intensive competition by and between the well to of their life meet, trader and buyer. Each of these clients has got its the believers itself will work as a motivational factordo competitors as well. So, it has determined certain own cycles of economic transactions as well. in giving Zakat correctly and punctually. But, thisrights for such weaker classes in the surplus income The Meety: those whose income is just suf cient cannot be expected from all. During the reign of Abuof the rich and forward classes of the society. Quran to meet their requirements of life, and Both in principle and practice, Zakat is the right of Bakr, when a sect of the people refused to give theis the only book in the world which promulgates the deprived in the surplus income of the rich. This Zakat, Abu Bakr encountered it using force. Thisthat “there is no restriction on the blind, the lame TheAddy: those who holds additional and surplus is the one of the most important, strict and strong makes it clear that, like all other socio-cultural andand the sick (and the like of any handicapped who income after meeting their requirements of life. measures Islam adopts to ensure just and balanced political laws, the power is indispensable for fullcannot work as an ordinary person) if they eat from distribution of the wealth among the people. It is and complete implementation of Islamic economicany house as it is their right.” (24:61) Islam through this categorization accommodates the canal that has been dug in order to channel laws also. In addition to it, political and economic the poor and the destitute, the orphans and the the ow of the wealth from the rich to the poor. approaches of a comprehensive ideology of life Law of Surplus income, unlike Marxian Surplus impoverished, the deprived and disabled and But, we have to understand that in Islam, Zakat is cannot move into different poles. It is impossible tovalue theory, is not solely dependent on the price of those sects of the people who have been pushed not the only mean to realize this goal. As we have have an economic philosophy without a politicalthe nished product. On the contrary, it evaluates back in to the doldrums of life because of social, mentioned earlier, Zakat is the corner stone among philosophy. The economic philosophy of Islam isa person’s economic status using the measuring historical and physical reasons and determines its laws related to the de nition of relationship complementary to its political philosophy. their right in the properties of the rich. between the individual and the property, its rules and regulations related to the distribution of land, To Be Continued The right of the deprived in the surplus income of the rich will be distributed annually. It won’t be completed by giving it out once in a life. The Law of Surplus Income does not discourage acquisition of wealth and becoming its trustees. On the contrary, it works as an additive and a catalyst

FRIDAY FEBRUARY , • T H I S DAYNEWSEXTRAHouse Directs IG to Probe EbonyiAssembly Fire S/East PDPasks police to fish out perpetratorsChristopher Isiguzo in Enugu, the leadership of the Peoples     “It is not contestable that Dave Umahi has alleged that the appear before the house. Security Adviser, the DepartmentMuhammad Bello in Abuja and Democratic Party (PDP), South-east Ebonyi State is a PDP stronghold central objective of the perpetrators The protesters, who were of State Security and other relevantBenjamin Nworie in Abakaliki zone, yesterday asked the security and that the PDP has made was to destroy documentary security agencies, to the escalatingThe House of Representatives agencies to fish out,  arrest and strong and indelible impact in evidence which members of the armed with placards with various and widening circle of violence,yesterday directed the Inspector prosecute the perpetrators of the the state and has provided the house have acquired in support inscriptions, converged on front intimidation and terror whichGeneral of Police (IG), Suleiman dastardly act no matter highly or people of Ebonyi state dividends of their investigations on alleged of the state government house, has been unfolding in the stateAbba, to carry out a thorough lowly placed. of democracy. financial misappropriation of the chatting a song “Elechi, stop ever since the Labour Party wasinvestigation into the fire disaster The party’s National Vice- “We are aware that the people state government. sponsoring crisis in the house, introduced into the state politythat engulfed the Ebonyi State Chairman in the zone, Col. Austin of Ebonyi State are eagerly waiting your time is up.” by one Edward Nkwegu inHouse of Assembly on Tuesday. Akobundu(rtd)specificallywarned March 28 and April 11,   to In the same vein, youths collaboration with the governmentThe incident was attributed to that the party will no longer reciprocate the excellent gestures numbering over 500 yesterday The organisation in a statement Ebonyi State.”arsonists. tolerate the activities of hoodlums, of the PDP. We are aware that staged a peaceful protest to register signed by its Deputy Director- acting under the instruction of our party will record resounding their displeasure over the crisis General and Director, Media and The organisation reassured Prompted by a motion raised by some highly placed individuals victory in the oncoming elections.”  in the assembly that led to the Publicity; Hyginus Nwokwu and that no amount of arson,Hon. Linus Okorie (PDP, Ebonyi), in Ebonyi State, to destroy public “We hereby call on the security fire incident, particularly accusing Abia Onyike respectively, noted violence and intimidationalso urged the state governor, Chief and private properties. agencies to fish out,  arrest and the state governor, Chief Martin that the attempt to burn down the would weaken their resolveMartin Elechi, to ensure sustainable In statement in Enugu yesterday, prosecute the perpetrators of the Elechi to have masterminded the assembly complex could not have for the re-election of Presidentpeace and order in the state ahead Akobundu described the latest dastardly act no matter highly incident. been contemplated by “ordinary Goodluck Jonathan, Umahi andof the 2015 general election. developmentinEbonyiStatewhere placed they may be. criminals but by those emboldened solidarity to the Speaker of the some undesirable elements acting   However, the fire incident The spokesman of the youths, and financed by a duplicitous house of assembly, Chukwuma The House also resolved to under the guise of thugs burnt that gutted state assembly is still Maurice Mbam decried that the government and offered cover Nwazunku.“encourage the state assembly to some parts of the state House of generating ripples in the state as arson was a deliberate action of by a drowning Labour Party.”remain steadfast in the discharge Assembly and even threatened to the Divine Mandate Campaign those fingered in the petition being The statement charged theof its legislative duties.” burn the official residence of the Organisation (DMCO) of the state investigated by the lawmakers According to the statement security agencies to tackle the deputy governor, as regrettable PDP governorship candidate, Mr. over financial impropriety in the “the Divine Mandate Campaign crisis with greater sense of urgency Noting the massive damage to and unacceptable. state, as the day of the incident Organisation is compelled to draw before the state is set ablaze bythe assembly complex “by the said was slated for those accused to the attention of the Inspector “desperate and bitter politicians.”fire disaster and its implication to General of Police, the Nationalthe operation of the legislature andthe survival of democracy,” Okorie “Our attention has been drawnraised the alarm that the disaster to reports that some hoodlums,occurred when “the legislative and acting on the directive of highlythe executive arms in the state are placed individuals in the state,entangled in heightened political have burnt down some parts ofdifferences.” the Ebonyi House of Assembly and are even threatening to He saluted the courage of carry out similar attack againstthe state legislators who were the official residence of theundeterred by the fire as they deputy governor and the PDP“went ahead to conduct plenary in governorship candidate in thethe salvaged part of the complex state, Chief Dave Umahi.immediately after the fire was put “In as much as we want toout.” emphasis that it is the exclusive right of every individual  to belong He rejected the resolution of to whatever association he deemsthe assembly “directly accusing” fit, we will not condole the actElechi and his “key functionaries of lawlessness, resulting fromof masterminding the fire disaster.” membership of such association; more so using it to wrench havoc Meanwhile, irked by the on innocent citizens as well asincreasing spate of violence in public and private properties.     the state, resulting in the fireincident at the state assembly,LASU Refunds Fees toStudentsFunmi Ogundare abysmal low fees. PENSION ISSUESLagos State University (LASU) “We are not unawareyesterday refunded a total of L-R: Director General, Budget Office, Mr. Bright Okogu; Director General, Pension Transition Arrangement Directorate (PTAD), Mrs. NellieN209 million as part of the of comments from some Mayshak; and Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, during the PTAD stakeholders’promise to refund students’ fees critical stakeholders that we forum tagged “Promoting the Welfare of Pensioners” in Abuja...yesterdaymade by Governor Babatunde have made a mockery ofFashola. university education in the Poll Shift: Borno APC Calls for Arrest of 23 Political Parties country through the low The rst tranche of the school fees. We are also not The All Progressives Congress in furtherance of a blind desire no portion of the Nigerian be held for reasons spelt outmoney which was paid unaware of the moves by the (APC), in Borno State has to implement an agenda of constitution that gives room by the constitution, it is theinto the institution’s account same stakeholders to frustrate called on security agencies a Peoples Democratic Party for a democratically elected tenure of those elected publicon February 20, was given our efforts at ensuring the to arrest and prosecute 23 (PDP) that is aligned to former government whether at holders who are serving, thatto 100 and 200 level direct quality of LASU programmes. political parties for calling governor of the state who is the state or federal level will be extended by an initialentry students for 2013/2014 Notwithstanding the frustration, for Interim Government hell bent on ensuring elections to be toppled through a period of six months throughacademic session. we are relentlessly committed in the state despite recent do not hold in state due to civilian coup which they a constitutional procedure it to making LASU a world class clari cation by President his fear of massive defeat for are advocating for. In fact, is there for all to read. Speaking at the cheque university of our time,” he said. Goodluck Jonathan that his anointed candidates given according President Jonathanpresentation ceremony, Fashola interim government is the evident popularity of the last week, a call for Interim “The constitution doeswho was represented by his The Vice-Chancellor, Prof. treasonable offence punishable APC in the state. Government is treasonable and not entertain coup be itSpecial Assistant on Education, John Obafunwa, said the under Nigerian laws. a coup against the Nigerian military of civil, as beingChief Fatai Olukoga, said the process of the refund had “The political parties, constitution. We therefore advocated by those who callmanagement of the university to go through various The state Chairman of which only exist on call on security agencies to themselves democrat practisinghad reported a shortfall in the ministries before it could the APC, Ali Bukar Dalori, newspapers, are mere tools act accordingly and effect constitutional democracy withcomputed excess money to be be approved, adding that said in a statement issued in the hands of the former the president’s clari cation. political parties establishedrefunded particularly to those the second tranche of the yesterday that the 23 parties governor. However, we The Nigerian Constitution has through provisions of thein the 200 and 400 level direct payment would be made in were acting the script of a are also excited by their since addressed many of these constitution. Security agenciesentry. the next two weeks. former governor of the state calls for postponement issues,” the statement noted. need to urgently arrest those who he said is desperate to because in politics, calls for persons who represented the According to him, “the “We have assured the takeover power at all cost even postponement of election is Dalori added that: “The 23 political parties at that pressreconciliation of gures not students that the money is if it means, pushing the state conceding defeat because Independent National Electoral conference in Maiduguri, todaycaptured earlier is progressing going to be refunded and into extinction. only those who see defeat Commission (INEC) has no (yesterday) and they shouldand I want to assure the we have also asked them to coming their way, try to powers to hold elections be tried for treason in lineaffected students that the funds provide their account numbers “We strongly believe that the avoid elections. later than 30 days before the with the recent declarationwill be released immediately the and other necessary details call by the 23 parties to shift expiration of tenure of the of President Jonathan whoreconciliation exercise is over.” while we are still pursuing the elections in state to September For the purpose of elected public of ce holders. In is by his position, the chief process. Some students have and for interim government to educating these parties, they the event that election is not to defender of the constitution.” He said the government already received alerts since be put in place by May 29 is need to know that there iswas committed to ensuring Monday for the rst tranche.the continued infrastructural Once we receive the secondgrowth and development of tranche, everybody will bethe institution regardless of the refunded,” Obafunwa stressed.

FRIDAY FEBRUARY , • T H I S DAYNEWSEXTRAFG Saves N2.1bn from Ghost Pensioners,Promises to Offset Outstanding ArrearsPTAD launches toll-free call centre for pensionersJames Emejo in Abuja Finance, Dr. Ngozi Okonjo-Iweala, Directorate (PTAD) has saved the resolve particular issues without and strong allegations of fraud hands of the clock to wipe awayThe Coordinating Minister for yesterday disclosed that the sum N2.1 billion within the last having to travel a distance had and looting, adding that this the pains of the past. But we canthe Economy and Minister of federal government through the one year by plugging leakages been put in place to enable necessitated the establishment of do something: we can take action Pension TransitionalArrangement in pension funds management. PTAD get feedback from all its PTAD to consolidate all federal today to ensure that the future stakeholders on its operations pension departments to plug all does not replicate the past. That PTAD is an independent in the past year. leakages. is precisely what PTAD and theRivers: Medical Doctor Dies agency responsible for the According to her: “In light of the pension reforms are all about.in Kidnappers’ Den management of federal pensions However, the minister assured widespread fraud that was revealed under the defined benefit scheme that all outstanding pension and his commitment to the welfare “So long as there is one pensioner (DBS). arrears for retired civil servants of pensioners, President Goodluck who has not been attended to, our would be paid to them by the Ebele Jonathan took bold steps to work is incomplete. That is why theAbductors of Amaechi’s aide demand N100m ransom Speaking inAbuja at a one-day federal government. consolidate pension management Hotlines are being launched today stakeholders’ forum organised by so that any pensioner, in any partErnestChinwoinPortHarcourt not released. the directorate, the minister, who But she called for patience reforms and clean up the mess in of the country, who has any issuesThe remains of a medical doctor, In the case of Ndigbara, his expressed profound appreciation from beneficiaries in view of the the system. can call in and be attended to.”Samuel Okpara, who was to President Goodluck Jonathan current fiscal challenge caused “As a result, he supportedkidnapped last week in Port kidnappers have demanded for for his commitment to ongoing by the falling price of crude oil. the establishment of the Pension That is the least we owe theseHarcourt, has been found by a ransom of N100 million before pension reforms in the country Transitional Arrangement senior citizens who have servedthe police in Rivers State. he could regain his freedom. said the significant savings As a result, Okonjo-Iweala Directorate (PTAD) in line with the this country with the best years recorded by PTAD was made said going forward payment of provisions of the Pensions Reform of their lives.” The discovery of the remains A source close to his family possible by the agency’s reliance outstanding benefits to pensioners Act passed in 2004. PTAD has nowof Okpara came as a source close told journalists in Port Harcourt on technology, which saw the would be made in stages adding enabled us to completely switch Continuing, she said: ”WetothefamilyofGovernorChibuike yesterday that the kidnappers removal of over 15,000 duplicate that no worker would be denied from the old defined benefits or had the old system wherebyAmaechi’s aide, Mr. Freddy had contacted the family and or ghost pensioners from its his or her entitlement. “pay as you go” scheme to the there were so many leakages,Ndigbara, who was kidnapped made the demand. payroll as well as its commitment contributory pensions scheme and mwhereby there was fraud; aslast Saturday, said his abductors to entrench world class financial She noted that the efficiency intensify the cleanup of the mess you know from the inquiryhavedemandedaransomofN100 Ndigbara, a staff of the Rivers management practices in the gains recorded in the new in our pensions system.” that was made into themillion for his release. State Council ofArts and Culture management of pension funds. system had enabled government She added that the interventions pensions leakages, about N32 but on secondment to the Press to include additional 1,254 had led to concrete real life billion was found to have been Chairman of the Nigerian Unit of GovernmentHouse,Port The forum which coincided pensioners from three liquidated improvements in the lives of illegally taken away and 14Medical Association (NMA) in Harcourt, was kidnapped last with the launch of a toll free steel rolling mills to the pay-roll. pensioners. individuals are currently underthe state, Dr. Furo Green, who Saturday from his home-town, call centre for pensioners to She said: “We cannot turn the prosecution and trial for this. Soconfirmed the death of the Kaani 1 community in Khana get easy access to information The minister said Nigeria’s there’ll be Justice to all those whomedical doctor, said his corpse was local government area of the on their pensions status and pensions system had become suffered.”found behind the Government state, while setting up the public inefficient over the years withComprehensive Secondary School address system in preparation several billions of naira in arrears(GCSS, Borokiri, Port Harcourt, for a campaign rally of the Allwhere it was dumped by his Progressives Congress (APC) inkidnappers. the community. The late Okpara was Confirmingthedevelopment,thekidnapped from his private state Police Public Relations Officerhospital in the Abuloma area (PPRO), Ahmad Mohammadof Port Harcourt. (DSP), said the remains of Okpara wasdiscoveredonTuesdaybehind The state chapter of the NMA GCSS, Borokiri, by men of thehad earlier in the week raised State Police Command.the alarm over the incessantabduction of medical doctors, Mohammad also confirmedincluding the late Okpara, in the the rescue of two other medicalstate and threatened to embark doctors who were kidnapped inon strike if the captives were Port Harcourt within the same time the late medical doctor was kidnapped.Mbu Urged to Ignore Distractions,Persistent Criticisms by PoliticiansSunday Okobi respected Police boss are nothing WE ARE TOGETHERTheAssistant Inspector General of less than rabble rousers; stressingPolice (AIG) in charge of Zone II that the group was present at the L-R: Delta State Governor, Dr. Emmanuel Uduaghan, and First Lady, Mrs. Patience Jonathan, during the Women for Change Peoples(two) which comprises Lagos and interaction which held in Ogun Democratic Party (PDP) campaign rally in Orerokpe, Delat State...yesterdayOgun States, Mr.  Mbu Joseph State, where Mbu met with hisMbu, has been told to ignore all men and officers.  Judiciary WorkersThreaten Fresh Sanctionthe distractions and persistent against Defaulting Statescriticism by politicians ahead of  The Director-General of thethe forthcoming general election association, Mr. Buchi Oparaugo, Tobi Soniyi in Abuja National Judicial Council (NJC). Attorneys-General. On the ongoing strike inand concentrate on his job.  who played the footage of the The Judiciary Staff Union of As at press time, Adamu said Apart from Taraba State, others the defaulting states, Adamu meeting before journalists in Nigeria (JUSUN) has threatened said:  “States facing various This call became necessary Lagos yesterday, likened the to institute legal action against about 23 states, including Taraba, defaulting states where the courts threats and intimidations fromfollowing the allegations making senior Police officer to the state governments which had where the Chief Justice of Nigeria, have remained shut since January their state governments, includingthe rounds that the senior police proverbial dog which has to be not shown commitment towards Justice Mahmud Mohammed, 5, 2015 when the industrial action non-payment of salaries are toofficer has given his officers and given a bad name in order to complying with the court judgment hails from, had yet to give started nationwide are Zamfara, continue with the struggle as themen a matching order to kill hang it.   He quoted the AIG as on financial autonomy for the any commitment to ensure the Sokoto, Kaduna, Edo, Cross River, union among other opinions is20 persons should a policeman saying, “I am here to make sure judiciary. implementation of the judgment. Akwa Ibom, Osun, Oyo, Ogun, considering taking appropriatebe shot at by political thugs in that everywhere is calm and to Ondo, Ebonyi, Abia Anambra legal action to address each casethe line of duty during the work within the ambit of law and The President of the union, He said: “We are making and Imo. on its merit.forthcoming elections.  order to make sure everything Marwan Adamu, yesterday consultations, we are considering goes peacefully. This is my first in Abuja said it was making filing garnishee proceedings Others are Gombe, Borno, Yobe “State branches are not to  This is just as a constitutional official visit and I am here on consultation on how to institute against state governments that Adamawa, Nasarawa and Benue. submit the struggle to the whimslawyer and rights activist, Yinka Police posting and to contribute garnishee proceedings against had not given us any written and caprices of the Nigerian BarSanni, said the campaign of my quota to the peaceful conduct affected states. undertaking. We will also institute Apart from in Lagos State, Association chairmen such as incalumny deliberately orchestrated of the elections. Our action as the proceedings against state where the national leadership Abia where they (the chairmen)by persons affiliated to the All security officers will go a long The judgment also ordered that governments who are not fulfilling said it did not approve of the have arrogated to themselves theProgressives Congress (APC) way to determining the outcome the funds standing to the credit of their promises.” suspension of the workers’ strike, power to determine conditions forin Lagos against the person of of the elections.    the various states’ judiciary should other states where the industrial suspending the strike. Any strikeMbu, with a view to redeploying be deducted directly from the Courts have remained shut in action had been suspended are, suspended without due processhim, will not only fail but ginger “We must not be partial. As FederationAccount and disbursed all the 23 states where the union Jigawa, Kano, Katsina, Kebbi, shall be nullified by the nationalthe police boss to perform his far as the law is concerned, we to the  heads of court through the had not been able to extract Delta, Bayelsa, and Rivers. headquarters of JUSUN.constitutional duty. are not going to respect anybody; written commitments  from whoever you are when you come the governments through their Others are Enugu, Bauchi, ALagos-based group operating to the polling booth you vote and Kwara, Kogi and Niger.under the aegis of Good leave because we are not going toGovernance Initiative (GGI), in a allow anybody campaign duringstatement, said those peddling the the elections even if he is theuncharitable rumour against the CEO of the state. 

FRIDAY FEBRUARY , T H I S D AY

T H I S D AY • FRIDAY FEBRUARY , Group Sports Editor Duro Ikhazuagbe Email [email protected], 20 Other FlyingEagles for AYCFlying Eagles Head Coach, Manu in 2013 will lead the pack ably Senegalese cities of Dakar andGarba, has named his final 21 supported by teammates,Akinjide Mbour.players for the upcoming 19th Idowu, Izuchukwu Omego,African Youth Championship Abdullahi Alpha, Dele Alampasu, Ghana, Mali, South Africa and(AYC) in Senegal. Chidera Ezeh andTaiwo Awoniyi. Zambia are the other teams to play in Group B. All four semi- Captain, Musa Muhammed Nigeria is to play hosts, finalists will fly Africa’s flag atwho led the Golden Eaglets Senegal, Congo-Brazzaville the FIFA Under-20 World Cupto win Nigeria’s fourth FIFA and Ivory Coast in Group A of finals in New Zealand scheduledUnder-17 World Cup title in the tournament scheduled for for between May 30 and Junethe United Arab Emirates (UAE) between March 8 and 22 in the 20 this year. THE FULL LIST:Joshua Enaholo, Musa Muhammed, Mustapha Abdullahi, Akinjide Idowu, Saheed AbdulGaniyu,Izuchukwu Omego, Bernard Bulbwa, Alhassan Ibrahim, Christian Pyagbara, Abdullahi Alfa, SalehUsman, Ifeanyi Ifeanyi, Samuel Okon, Obinna Nwobodo, Ifeanyi Mathew, Dele Alampasu, ChideraEzeh, Taiwo Awoniyi, Bello Zaharadeen, Wasiu Jimoh and Olorunleke OjoITTF LAGOS TOUROshonaike Targets First World TitleFor more than two decades, However, the former African warlords.Olufunke Oshonaike has been champion is determined to lead As one of the oldestrepresenting Nigeria at various Nigeria team to avenge against players that took part in theinternational tournaments and up the visiting Egyptians when the just concluded ITTF Africatill now, she still has a lot to offer. tournament serves off on March Senior Championships in Cairo,At 39, the Germany-based 10 at the Molade Okoya-Thomas Oshonaike is a force reckon withathlete still believes she has what Hall of Teslim Balogun Stadium in the sport as her records in theit takes to clinch the International in Lagos. continent stand her out.Table Tennis Federation (ITTF) “I know that by God’s grace if However, her passion andWorld Tour tagged Lagos Open. I play well without stress, nothing commitment to her father’sAfter two attempts at claiming than the gold but Nigerian factor land is unequalled.the title, Oshonaike made the last is always affecting me. Above “I knew that for me tofour in 2013 but she was knocked all I want to have a wonderful wear the colours of Nigeria, itout in the quarterfinal in 2014. time. I know I can still do well is a rare privilege which I must and I am guide jealously and this has been looking forward to avenge my philosophy when I joined against the Egyptians,”she said. the national team in 1988 after “I don’t want to disappoint winning All Secondary my fans and I am confidence that Championships in Lagos. Nigerian players will defeat all My love for the game is second the Egyptians. They (Egyptians) to none and I don’t hide my must also realize that they have dedication to Nigeria at every a lot of players to contend with time I am called upon,”she said. in Nigeria just like we were The journey to stardom dealt with in Cairo recently,” for the mother of two started she boasted. at Igbobi Girls High School She also expressed optimism in Somolu, Lagos, where she that ITTF Star Player, Aruna dominated table tennis to the Quadri would be ready to rub extent of becoming the national Brume shoulders with the North African champion as a teenager.Oshonaike Brume, Oduduru Top Nigeria’s Final AJC 2015 ListKeshi: PinnickDebunks Reports Commonwealth Games have been in camp for two Sagamu, Ogun State to select 4 to 8. long jump gold medallist, weeks under the watchful those to represent Nigeria at the He also revealed that Oduduru Ese Brume and World Youth eyes of some of the best championship. and Brume would lead the teamPresident of Nigeria Football able football culture for the Championship silver medallist, coaches in the country, will “They have been working hard as captains for the competition.Federation (NFF), Mr. Amaju country, and it is the job of Divine Oduduru are the top be looking forward to make to make the country proud in Four girls and a boy wereMelvin Pinnick, yesterday everyone, not only the NFF,” athletes leading Nigeria’s team the country proud in Ethiopia. Ethiopia and we believe that they dropped from the team currentlydebunked statements credited stressed the NFF boss. to the 12th edition of the The Technical Director of are going to win the competition sweating it out in camp.to Coach Stephen Keshi con- Pinnick made a passionate African Junior Championship the AFN, Navy Commodore at the end of the day,”Nesiama Nigeria is to be representedcerning how the federation appeal to sections of the in Addis Ababa, Ethiopia. Omatseye Nesiama confirmed said. in the male and female sprints,is running the game in the Nigeria media to stop heating According to the list yesterday at the Sagamu He however said the team quarter miles and the jumpscountry. up the football polity in the released by the Athletic camp of the athletes that will be departing the country by over 30 athletes. MedalsPinnick said he spoke to name of sensationalism. Federation of Nigeria (AFN) a mini-trial was arranged on March 3, via Lagos for the are equally expected from theKeshi on Wednesday and that He charged media persons to yesterday the athletes who inside the Gateway Stadium, championship starting on March jumps and throws.the coach was exasperated make peace and tranquility inthat his words had been the football family their winningexaggerated. words, and to be careful with FA CHAIRMANSHIP “On Wednesday, someone the words they use in conveyingwrote on a website that Ste- messages to the public becauseIlaboya Elected in Edo, Icheen, Ogunjobi, Ogba, Others Retain Seatsphen Keshi called the NFF of the important role they play.and particularly my person “I have immense respect forall sorts of names. This is the media, because of the very Foremost sports journalist and as against three by his opponent, chairman and Hon. Ali Julius as retained his vice chairmanship posi-not true. critical role they play in the former Chairman of Sports Ikpomwonsa Edebiri.TeddyVictor 2nd vice-chairman. tion with 33 votes, while Hon. E.“Keshi told me that his promotion of football, nay Writers Association of Nigeria, Egbon withdrew on the floor of In Osogbo, one-time General O. Adeniyi, Prince Bamidele, Hon.words were blown out of sports, as an instrument for Lagos State chapter, Mr. Frank the Congress. Alex Olaye was Secretary of Nigeria Football Fed- S. O. Adio, K. O. Aina, Chief Rasaqproportion. This is not good peace and fostering of tranquil- Ilaboya, was yesterday elected as elected vice chairman after polling eration (NFF) and former Chairman MustaphaandPrinceDaudaAbimbolafor Nigeria football and the ity worldwide. However, there the new chairman of Edo State six votes as against three by Johnbull of the federation’s Technical Com- all won seats on the executive board.imperative for harmony within is need for caution in the way Football Association. Ilaboya, who Edosomwan, and no vote for Kadiri mittee, Chief Taiwo Ogunjobi, has In Umuahia,the Congress ofAbiathe football structure. Keshi and manner a section amplifies had served as vice chairman in the Christopher. been re-elected chairman of Osun State Football Association returnedhimself knows that using such and celebrates what is negative. past four years, replaces Chief Abel In Makurdi, Hon. Mrs Margaret State Football Association. Mr. E. C. Chukwuemeka as chair-words would not in any away “A minute section of the Ehigie. Icheen was re-elected for another Ogunjobi, who was unopposed, man for the next four years. Heendear him to the NFF. media feels that only the He was elected at elections four years as chairman of Benue polled all 34 votes cast by eligible defeated Dr.Mayor Nwachukwu by“It is important that we all negative sells, which is an conducted in Benin City on State Football Association, with delegates.Threedelegateswereabsent. polling all 21 votes to Nwachukwu’sjoin hands to build a sustain- archaic belief.” Thursday, after polling five votes Alh. Musa Abdullahi as 1st vice- Hon.J.O.Olayemi,also unopposed, zero.

T H I S D AY • FRIDAY FEBRUARY ,FRIDAYSPORTS / SEASONThe Return of Up Sootin RousesIbadan to Life AgainFred Edoreh the top league and their home 3SC line up club indicates that the squad is FOR THE GOOD OF THE GAME...In 1975, Shooting Stars FC of ground, Adamasingba Stadium formidable to give fans valueIbadan had a chance to win a was jam-packed for a celebration Playing for Shooting, Shola for their money. Among the Director General, National Sports Commission, Hon. Gbenga Elegbel-brace of titles, the Challenge Cup of the expected return. First bank Akinwale was second highest stars on parade is Junior Ajayi.trophy and the League title but they however was quite unyielding, goalscorer in the league in 1991 He produced a brace in the eye at the 2014/15 Glo Premier League fixture Draws held at the Abujafirst had to contend with the then repulsing forays from the Shooting and was part of the CAF Cup Dream Team’s 4-1 spanking ofhottest side in domestic football, strikers to keep Ibadan on edge. winners in 1992.“In those days, Gabon in the first leg of the All Hilton... recentlyEnugu Rangers in the finals of the Bang!...the headmaster Mutiu we enjoyed extra bonus from a Africa games qualifier away inChallenge Cup competition that produces a header that caught group of supporters known as“The Libreville last Saturday. clubs we saw at the NNL Super-4. but in organising the defenceis now known as the Federation the visitors off guard and the Improvers”.They were a group of Their goalkeeper, Kola Ige, has line. Shooting also have someCup or the FA Cup in England. stadium erupted like a volcano. professionals and local business- There is also Najeem Olukokun returned in a big way and has strikers that will give hell to other At the last blast of the whistle, men who set up an independent who scored a brace in the club’s brought a lot of experience to clubs in the premier league when Enter Segun Odegbami, who the fans descended on the pitch, platform to support the club and 3-0 victory over old rivals Bendel bear not just in stopping shots the season opens.”would later play for and captain the swept Mutiu off his feet, hoisting encourage the players. Members Insurance, scored against Firstnational team also known then as him through the streets of Ibadan included Chief Rotimi Akeredolu Bank and produced the equalizerthe Green Eagles. He was their until the officials found a way to (SAN) who became president of against Prime FC in very crucial“Mathematical”talisman and was “rescue”him. the Nigeria Bar Association and encounters in their fight for promo-still in The Polytechnic, Ibadan at later contested for the governorship tion to the Glo Premier Leaguethe time and had examination to As Odegbami will in later years of Ondo State, the Oshiboguns from the Nigeria National Leaguewrite that Saturday of the final. capture it:“The mistake people and a number of others.” (NNL) in the 2013/14 season.There make is to see Shooting Stars are other must-watch players like Ibadan fans understood that as a club. No, Shooting is more Odegbami, Mutiu, Shola and Meschak Chukwubuikem andhe must sit for the exam but than just a club. Shooting Stars a host of ex-Shooting players are Oladele Eweje.They both scoredthey also needed to win the is a movement. It represents the excited to have Shooting back in against Kwara United in the justChallenge Cup trophy and cultural and political essence of the premier league this season. concluded NNL Super 4 despitetook all precautions to ensure theYorubas and Western Nigeria, But, more than just promotion, the vociferousness of the Afonjathat the wing wizard was part both for those at home and in the they want those days back, they supporters. There are still otherof their campaign in Lagos. The Diaspora who all belonged to the want Shooting back in its full signings like Otegbeye Ajibola,fans stormed the school in about movement and saw themselves as steam and essence. Sylvanus Obiaku, Jacob Ogunyele,twenty truckloads and surrounded equal owners. It is called Shooting Ya’u Abdullahi, Raphael Ademolathe hall in wait for Odegbami to Stars International. It had branches Interestingly, current coach who Howard said he wouldfinish his exams.Thereafter, they in Tanzania, Kenya, in the UK, Franklin Howard is not oblivious unleash on the premier league.practically bundled him from the Europe and the Americas from of this challenge.“We need to giveexam hall and drove to Lagos where people gave support. the fans the kind of football they Though Shooting Starsexpecting a win against Rangers. It It evolved in response to the love and we have our mind set on were beaten 2-0 by Gabrosmust have been such a distraction emergence of Rangers after the that. We are determined to build International in the finals, afor the student but Odegbami also war and playing for Shooting was quality players and constructive former Team Manager of ABS,understood the craze of Shooting like defending the essence of the play to satisfy the fans. We have who was part of the organisers(called Sootin by typical Ibadan Yorubas. So when we played for the players to do it.We only need of the NNL Super-4 in Ilorin saidfan) supporters for their darling Shooting, it was more than just the support, the funding, good this of Shooting Stars squad heclub. Rangers would go on to football.We gave it everything and players’welfare system such that watched: “From what I saw ofwin by 1-0 but Shooting avenged the people also gave everything we can have our players for three, them during the league season andthat defeat by winning the league in support and if we lost a match, four five years to bring them to especially at the NNL Super-4,I cantitle and iced the cake with the it was like somebody had died.” bond with the fans. We are a big tell you that Shooting is back andAfrican Cup Winners Cup by a club. We are international brand, better.They have an outstanding4-2 aggregate against Tonnerre Adepoju, who rose to become whether as IICC or as Shooting team play, far better than all theKalala of Yaounde, Cameroun General Manager of the club after and we must get back there.”the following year. quitting professional soccer in Spain also recalls that,“Shooting Recent assessment of the Some years later, Shooting fell is one of the most powerful clubsto the lower division after winning in Africa. It belongs to the classthe league in 1980, 1983 and they of clubs like Zamalek of Egypt.had to fight their way back in 1988 The club was owned and madebefore winning another league by the people. On typical matchtitle in 1995, their last till date. days, the stadium is already filledThe crucial match was against before 2pm with supportersFirst Bank in Ibadan. chanting, singing and dancing for hours before the game.You Mutiu Adepoju made waves can only imagine playing in thatplaying for the Flying Eagles and atmosphere. The players werelater the Super Eagles earning celebrated and while in town,the moniker, Headmaster for his they would have a heck of timepowerfully nodded goals. But it shaking off fans who only wantedwas at Shooting Stars that the to touch them and give themstory began. Shooting had to win gifts to appreciate them.”the maximum points to return to AdepojuOdegbamiFollow the Glo Premier League on www.npfl.ng, twi er @lmcnpfl and on facebook//League Management Company.

T H I S D AY • FRIDAY FEBRUARY ,FRIDAYSPORTS / SEASON Close up on Pyagbara Fisayo DairoHeartland’s Happy Okuoka (le ) versus Kano Pillars’ Kenneth Ehis...last season Last season, Sharks FC of Port Harcourt were quick off the mark leading the pack from Match Day 6 until they wereSHpeaarrttalannSdpSireietks to Revive the toppled on Match Day 19 by eventual winners, Kano Pillars. The side coached by Gbenga Ogunbote’s impressive start wasSam Nnaji playing all of 14 games without but we have learnt from our replace Emeteole, last season’s a just compensation for their fans who had endured a torridConfederation Cup successes in a win but also without going down. mistakes. We are working hard attacking revelation, Bobby Clement season the previous year cheering them out of relegation with2011 and 2012 signaled what was It was the last season of the side as to start the season with a win also moved on with the coach to the last kick of the season. Many have been quick to attributethought then to be the return of the Spartans following the indifferent so those mistakes won’t repeat the Flying Antelopes alongside Osas the departure of their leading scorer, Christian Pyagbara toglory days of the Naze Millionaires performance that forced the state themselves this season. Our goal Okogbue and Orji Kalu. Club of- the season-ending challenges but the player has waved offthat stormed the national football government to do away with the is to start from the first game of the ficials insist they would only reveal those suggestions.scene in the late 1980’s and early club. season and keep the momentum”. names of replacements and new1990’s shattering and creating sign-on after a formal unveiling After spending two seasons with the Blue Angels as Sharksrecords as Iwuanyanwu Nationale. Last season under a former Spartan “There is also a new coach, ceremony. However, Efugh paints are fondly called and scoring 14 league goals in the last seasonOwnership of the former Spartans defense ace, Kelechi ‘Caterpillar’ Erasmus Onuh,who I played under a picture of‘all-systems-clear’when to join the elite ranks of the double digit scorers, PyagbaraFC of Owerri was transferred by Emeteole as coach, Heartland also in the national home based team. he asserted,“The mood is high in insisted he was keen to change jerseys. There were hintsthe then Imo State government got off to a winless eight match run He has a different philosophy from camp and we cannot wait for the that he was heading to Enyimba International in Aba whento prominent businessman and which they exorcised with a 1-0 defeat the Emeteole and insists we play the league to commence. We cannot he had some words with Coach Stanley Eguma of Dolphinsconstruction mogul, Chief Em- of rivals,Enyimba International at the passing ground game unlike our last wait to start implementing these and actually had to refund money already advanced to himmanuel Iwuanyanwu who went Dan Anyiam Stadium. They never approach that relied on high balls. things we have been learning here by Enyimba.on to rename the club and started recovered from that poor start and So, this season, our fans who come in camp. Like I said, we want tothem off on a tour of Brazil, hiring ahead 2014/15, captain, Chinedu Efugh to the stadium will enjoy our game start well and set a good platform Pyagbara however said while he needed to move awayexpatriate coaches and bringing in who led them to the Federation Cup because we will not only win, we for the rest of the season”. from Sharks, his only regret was the club’s failure to clinchthe very best Nigerian players and triumphs and goalkeeper Emmanuel will give them a lot to cheer about”. the league title last season despite a good run of form thatothers from neighbouring Ghana, Iwu who displaced more experi- HeartlandVs Pillars saw them staying at the top for weeks. On the wrecked titleBenin Republic and Cameroun. enced Ebele Obi talked tough and Iwu made his debut for Heartland ambitions last season, Pyagbara reminisced,“my aim was to ambitious at their training camp last season under Emeteole and soon (Head to Head) win the league and it was the same ambition for all of us Then, the expected revival went in Nnewi, Anambra State. seized the first team gloves from more Heartland: WLDDWLWD at Sharks. Everybody always put in their best, including thekaput in 2013 when Heartland’s experienced goalkeepers.A graduate Pillars: WLDDLWLD coaches and my club leadership but something went wrongmanagement could not muster First to speak was Efugh:“We of the famous Taye Academy that 2010/11 which is very well known and since it happened that way, wesufficient funding on time from rejoiced when the fixtures pitched produced Golden Eaglets and now Heartland 2-0 Kano Pillars believe that was how God wanted it”.the state government to honour us against champions, Kano Pillars, Manchester City’s second team Kano Pillars 3-0 Heartlanda CAF Confederation Cup tie in though they are the champions forward, Kelechi Iheanacho, Iwu 2011/12 He was adamant that the title loss did not disillusion norGabon. That has been the best for three seasons now, they have believes the players have grown in Heartland 1-1 Kano Pillars forced his decision to relocate to the Liberation Stadium homeof seasons for Heartland as they never defeated us and we will start confidence unlike last season and Kano Pillars 1-1 Heartland of Dolphins but purely to have a change of scene. His words;have failed to get even a peep in the season on a bright note. We urged the fans to rally behind them. 2012/13 I can say there was nothing serious about my decision but justto continental competitions in the are used to beating them (Kano “There is a lot we have learnt and Heartland 2-0 Kano Pillars that I wanted to change environment. I wanted to go to anotherlast three seasons, finishing on Pillars) at home and we get good improved on and what we need Kano Pillars 1-0 Heartland state but Dolphins came for me and I know they are also one of10th position in 2013/14. results against them at away, so it now is for the fans to show us 2013/14 the best in the country and are also playing on the continent”. is a dream start because this is a love and have confidence in us Heartland 1-0 Kano Pillars It was a season that started like team we play very well against”. this season. We will win a trophy Kano Pillars 1-1 Heartland So, he had to leave the White and Blue side of Port Harcourtthe Spartans of old campaign in and get a continental ticket.Their to the White and Green Stripe half but Pyagbara insists the1985 which saw the team earning Efugh insists the ghost of the support is important if we will differences between the two clubs are only in the minds ofthe sobriquet, ‘draw specialists’, last season have gone and offered achieve our targets this season”. the supporters. some insights to his confidence. Aside the arrival of Onuh to Talent scouts spotted the player at a grassroots tournament “We started badly last season in Port Harcourt tagged “Governor’s Cup” in 2011 and he joined Sharks from Gokana United, an amateur division side now in the third tier Nigeria Nationwide League PyagbaraMaikaba Targets Continental Ticket with WikkiAbdullahi Maikaba has for another newly promoted as the preferred candidate to see become reality. which we will work together test which also saw them lose nally emerged from the side, Kwara United. for the job. His last high “I have been looking for to achieve for our collective 1-0 to Kwara United in the pro le job had been with good”, Maikaba said in Ilorin, classi cation game decidedshadows to have his rst Maikaba was then left Premier League champions, this opportunity to lead a venue of the Nigeria National Wednesday. Despite the poorreal shot as a Premier to jostle for the vacant Kano Pillars during which club in the Premier League League (NNL) Super-4 which outing in Ilorin, Maikaba isLeague coach and he did job with a line-up of eight he was assistant coach to and I got it this season his side nished bottom of still setting himself a not-tooit in ways that he probably other gaffers including more Baba Ganaru, now coach through Wikki Tourists the table without winning modest target of guiding themay not have thought pos- acclaimed ones like Zakary of Nasarawa United. He and I believe they are a a game. team to the continent in theirsible. Tunde Abdulrahman Baraje and John Obuh, a had also served as as- good club. I am excited andhad guided Wikki Tourists former Flying Eagles and sistant coach at Enyimba motivated by the fact that the Wikki Tourists were beaten rst season. It is however,out of the Nigeria National immediate past Rangers In- International but believes club management believes 4-3 on penalties by Gabros a conditioned promissoryLeague (NNL) topping ternational coach. Few pun- his new appointment is a in my coaching philosophy International, throwing the note which he has premisedGroup A and then dropped dits would have predicted dream he has been waiting and I have spent time to Yankari Boys out of trophy on all getting all necessarythe bombshell of quitting the emergence of Maikaba understand what they want range for the pre-season con- support from management.Follow the Glo Premier League on www.npfl.ng, twi er @lmcnpfl and on facebook//League Management Company.

Friday February , TRUTH & REASON Price: N MISSILE PFN to Amaechi “If Amaechi is a Christian that he claims to be, he knows the implication of making such allegation against people who are his spiritual leaders.This issue is beyond politics and I thought that Amaechi who is a Christian knows the implication of making such allegation and I call on him to name the people the money was given to or shut up” –TheSouth-southPentecostal FellowshipofNigeria(PFN)takingaswipeattheRivers StateGovernor, Mr. ChibuikeAmaechi, forhisallegationthattheChristianAssociationof Nigeria(CAN)hasbeenbribedwithN6billiontosupportPresidentGoodluckJonathan.AKINOSUNTOKUNDIALOGUE WITH NIGERIA [email protected] Challenge of Democratic DisclosureJudged by the expression of tolerance for dissent and adversarial views and Buhari drive a political party and its Presidential in the custody of the military authorities. positions towards his incumbency, it The inexplicable resolute determination of contender of the status of a former military The reason for the preference of the latter is dif cult to controvert the argument head of state to resort to the concealment absurd option was soon revealed in the that President Goodluck Jonathan the APC to shield its Presidential candidate ruse of forging the location of a purported open disclaimer by the Army (of having thehas expanded the frontiers of democracy from public scrutiny-where the subject of media engagement? said credentials in its custody). What thisin Nigeria. personal tness is concerned, has resulted means in plain language is that whoever in the bigger tragedy of character and moral The only derivable logic from the perceived made such a claim was lying. In the 2015 ‘He has not engaged in any frontal attack crisis. What manner of desperation would need to undertake this elaborate and elections cycle the early warning of Buhari’son the formal institutions of democracy astonishing scam is that the APC indeed has tendency for doublespeak and moral exibilityand in some cases –such as INEC and the something to hide concerning the health of is illustrated in the following exchange:National Human Rights Commission-backed its Presidential candidate-and that what it isstrengthening them. He has signed freedom thereby concealing is of critical proportions. The Cable: You said you were not goingof information and National health bills into to run again in 2011. What has changed?law’ noted the British House of commons. He What should worry us even more is thathas done it to such an extent that a citizenry the recurrence of this wilful obstruction and Buhari: I wrote a letter where I mentionedthat had grown somewhat accustomed to dissembling is trending towards becoming some people who told me I cannot do that…..(prolonged military dictatorship induced) an APC party tradition. It is a replay of the people told me I could not do that becauseauthoritarian impudence is often inclined to missing certi cate saga all over again-where to some people I no longer belong to myself,re-designate his dovish attribute as paci st the requirement of a simple act of honesty is I belong to them.weakness. repudiated in preference for a tortuous and absurd catch me if you can stonewalling . Whatever the outcome of this political Following the logic of the cliché that too adventure for Buhari, it is certain that hismuch of any good trait is bad, the president In place of a simple request to the Army hitherto unexamined reputation for integrityis liable to the perception of not knowing to make available copies of a said original would lie in tatters. Never call any manwhere good natured tolerance stops and certi cate copy, the APC candidate chose to great until the end of his life-admonishessubmissive capitulation begins-and it is do a sworn af davit claiming the copies are the wit.possible to exaggerate the contributionof Jonathan to democratic expansion in The Certainty of Jonathan’sVictoryNigeria. WChucks Iloegbunam He demurred, citing negative press. People students on the ne points of progressivism, The impulse towards a liberal democratic ith the presidential elections laughed who believe that he ducked to mask shamelessly lined up behind stationary broom-Nigeria is in large measure a speci c product four weeks away, Nigerians his dif dence. But, where else in the world wielders with a fake promise of change onof its political history-comprising assertive are set for a spectacular déjà would a presidential candidate with pretensions their tongue, vowing to go blindfolded withand repetitive micro nationalist agitations; and vu. The APC, despite the din to seriousness dodge an interlocution with them into battle! It didn’t occur to the lot that,persistent struggle for public accountability of its premature celebrations, colleagues? Rather, Buhari headed for London in the age of vacuum cleaners, the broomspearheaded by a critical western metropolitan is headed for a pasting. The reasons are obvious. in the teeth of winter, there to confer with is anachronistic. It all explains why, withoutoriented intelligentsia and media. Take the APC hawkers and their ware, to Mr. Tony Blair, a former Prime Minister who realizing that a lot of these “revolutionary” begin with. An Igbo proverb says that the vacated of ce nearly a decade ago! characters are actually anticipating another The global village effect-(predicated on the eye eats before the mouth. But the leading Yar’Adua-out-Jonathan-in scenario, Buhariinternet age phenomenon), is no respecter APC vendors happen to be Alhaji Tinubu and Had Buhari’s handlers packaged his UK claimed victory well before the rst vote wasof national boundaries and confronted with Chief Obasanjo. Their mention is nothing to trip with a modicum of honesty, some of cast! What if he lost, journalists asked. “I willthis democracy boosting phenomenon, do with their physical appearance. After all, his less alarming de cits may have been not answer that question because I cannotNigeria has been no exception. However, neither created himself. It rather has everything overlooked. Instead, they posted 2013 pictures lose”, he responded. But defeat already staresnotwithstanding its universally acknowledged to do with the ugliness of their politics. of the man in London, in an untidy effort to him in the face because the people have seenutility, democracy is not without its aws- de ect charges that he hit British capital for through the hypocrisy of the APC, a partythe acceptable collateral damage of its Obasanjo carries on, regardless. But he it was health reasons. Not only that, they excavated so unpatriotic that it has, so far, contributeddysfunctions (side effects)-so to say. that wiped out Odi and Zaki Ibiam with military pictures taken at the Transcorp Hilton, Abuja, absolutely nothing to the efforts to defeat expeditions, and he also contrived a futile third and claimed it was Buhari in London granting Boko Haram. It was in anticipation of the fullness of the term project that set off a hemorrhage in the an interview. It all brought to mind anothertrend of democratic disclosure that the late nation’s nances. Tinubu, for his un attering of their disingenuous lies – the posting of the Gallant and youthful Nigerian soldiers, withiconic Chief Obafemi Awolowo routinely part, is fronting a campaign against corruption, photograph of a mammoth congregation at a pluck and gumption, are dying every day todisclosed his annual medical consultation a topic he has never referred to in all the Reinhard Bonnke religious crusade which it save the country from the blight of terrorism.visits to Mayo clinic in the United States of verbiage he has deemed t to harangue the named Buhari’s Kano campaign. Why does the The lines of their widows and the queues ofAmerica in the latter part of his adult life. wary and weary with. How, then, can the duo APC believe that Nigerians are so gullible that their orphans are lengthening by the hour. market a product from which the masses, who they would confuse its penchant for mendacity But whereas Cameroonians, Chadians and Overt politically motivated advertisement remember, screen their faces? It was Buhari, with the magic of change? Nigeriens are united in their own countriesand speculation on the imminence and the military dictator, who cancelled the Lagos against Boko Haram, the APC has nothingimpending death of a political opponent Metroline Project conceived by Governor Lateef Despite the raggedness of its product, the but orchestrated blame and censure for themay amount to taking things too far but Jakande. The spiteful action cost Nigeria billions, APC managed a lot of traction, it must be best efforts of our Commander-in-Chief andPresidential contenders do owe the public and continues to cost Nigerians even greater acknowledged. How the party contrived our armed forces. That is not the way to wina reasonable degree of disclosure on the billions in terms of endless traf c jams and this is not dif cult to tell. Using huge sums elections. The APC already danced itself lamestatus of their health. Presentation of health the daily loss of incalculable man hours. Yet, of money the source of which it dares not while the music has just started. It since ran outstatus certi cate by applicants is after all a Alhaji Buhari has never apologized for that declare, the party engaged lobbyists in America of gas. And the ballot is still four weeks away.standard public and private employment unpatriotic action. and Britain who in uenced leading Westernrequirement. publications into dishing out sawdust aimed at President Jonathan was asked what will How does one expect this man in whose demonizing President Jonathan and discrediting happen if he lost. “I will hand over power to At the age of 70 years and above, the dictionary the word compunction does not his administration. the victorious candidate” he answered. Thatnews is not that a Presidential applicant is exist to be the harbinger of change? Invited is the real face of democratic change, whichgoing for medical consultations, the news is to the presidential debate, people hoped Back in Nigeria, the APC appropriated is self-evident in his Transformation Agenda.actually the contrary-that 72 years old Buhari Buhari’s participation would reveal whether the social media, using it to skew polls and He will not lose; he has four more years ofseem eager to contest the fact that he has or not he has progressed from the stone-age promote a façade of Buhari invincibility. In sel ess service torender to his appreciativeany need to consult with his doctors. Against policy of trade-by-barter (countertrade), which the wake of the media blitzkrieg, textbook countrymen and women.the background of the tragic and premature his junta in icted on the polity decades ago. Marxists, Communists and Socialists aroundexit (occasioned by the culmination of his tertiary institutions who previously speechi ed • Iloegbunam ([email protected])prolonged health crisis into death) of the writes on national issueslate President Umar Yaradua from of ce,public curiosity on the health status of afrail looking Buhari was bound to spike.Printed and Published in Lagos by THISDAY Newspapers Limited. Lagos: Creek Road, Apapa, Lagos. Abuja: Plot , Sector Centre B, Jabi Business District, Solomon Lar Way, Jabi North East, Abuja .All Correspondence to POBox , Ikoyi, Lagos. EMAIL: [email protected], [email protected]. TELEPHONE Lagos: -, . Abuja: Tel: ,/ ADVERTISING HOT LINES: , , , , . ENQUIRIES & BOOKING: [email protected]