JONATHAN IS NIGERIA PRESIDENT


President Goodluck Jonathan looks set to emerge victorious in the presidential election held last Saturday. Jonathan, the candidate of the Peoples Democratic Party (PDP) has garnered more votes than his rivals, Gen. Muhammadu Buhari of the Congress for Progressive Change (CPC) who placed second and Mallam Nuhu Ribadu of the Action Congress of Nigeria (ACN) and the All Nigeria Peoples Party (ANPP) candidate who ranked third and fourth respectively as at press time.

The National Chairman of the Independent National Electoral Commission, Prof. Attahiru Jega, who is the returning officer for the presidential election, is expected to announce Jonathan as winner of the election today.

Results from 29 states have officially been confirmed by the Independent National Electoral Commission (INEC) office in Abuja as at press time, while the state collating officers had announced the results at the National Democratic Institute in Abuja, serving as the national collating centre.

Only the results from Adamawa, Borno, Taraba, Yobe, Gombe, Jigawa and Kebbi states. An analysis of the results released so far indicates that President Jonathan has won in 21 states and the Federal Capital Territory (FCT).

The CPC candidate, General Buhari who is trailing President Jonathan has won in seven states, while Mallam Ribadu who is third has won in only one state. Mallam Shekarau of the ANPP currently in the fourth position has yet to win any state.

JUDICIARY IN THE HANDS OF JUSTICE SALAMI & OTHERS


All lovers of rule of law in Nigeria must be worried by the raging controversies in the Nation’s Judiciary in the last few days and we are compelled to alert the public on the well-thought-out plans to destroy the institution just to save the job of Justice Isa Ayo Salami, President of Appeal Court. This has been occasioned by an alleged move to elevate the Justice Salami to the Supreme Court. From the spirited defence already put up, especially in the media by groups and individuals who are known allies of the Action Congress of Nigeria (ACN) and its sole-proprietor, Mr. Bola Ahmed Tinubu, it is obvious that those defending Justice Salami are doing so firstly because of the “judicial favours” they had obtained from him (Salami), and secondly, because of the fear of the impending collapse of the house of fraud built for them by the Justice Salami-led Court of Appeal.

It is for these twin reasons that the entire judiciary is now being messed up by Justice Salami and his ilk with the intent that; “If Salami must go down, the judiciary, or at least, the Chief Justice of Nigeria (CJN), Justice Aloysius Iyorger Katsina-Alu must go down with him.” It was therefore not a surprise that Justice Salami went to the most ridiculous level on Tuesday, dragging the CJN, National Judicial Council (NJC) and others to court and also accusing the CJN of compelling him (Salami) to compromise Sokoto State Governorship petition. But can anyone blame Justice Salami and his defenders for this onslaught on the judiciary? Obviously no! This is because in a saner clime, no one would be talking about elevating Salami to the Supreme Court.The man ought to have been sacked! Or how can Justice Salami continue to lead the Appeal Court whose justices he does not trust? Against all ethics, norms and rules of the Bench, Justice Salami had granted an interview that was published in Thisday newspaper of January 25, 2011 where he tried to defend why only few justices sat on the Appeal election tribunals out of over 60 Appeal Court Justices. Justice Salami had said in his answer’’…… Then he raised the issue of using a few Justices to determine appeals. Well, when it comes to that you must use people you trust, you can’t just empanel anybody.’’

Justice Salami’s trusted men that sat on Ekiti, Osun and Ogun States election petitions are; Ekiti State: Justices Isa Ayo Salami (Chairman), Clara. B. Ogunbiyi; O. Ariwoola; C.C. Nweze and Adamu Jauro. Osun State: Justices Clara B. Ogunbiyi (Chairman), M.L Garuba, Paul Galinje (was queried in the Sokoto case), C .C Nweze and Adamu Jauro. Ogun State: Justices M.L Garuba (Chairman), H.M Ogunwumiju, Adzira Gana Mshelia, and Adamu Jauro. It is important to note that Clara Ogunbiyi was in Ekiti and Osun, C.C Nweze was in Ekiti and Osun, Adamu Jauro was in Ekiti, Osun and Ogun, M.L Garuba was in Osun and Ogun while Paul Galinge was in Osun and Sokoto panels and was in fact, queried over that Sokoto case.

Out of over 60 justices of the Appeal Court, Justice Salami only trusted the above listed justices to handle election cases on Osun, Ekiti and Ogun States. In fact, Salami had to wait for Ekiti case to be concluded before constituting Osun State panel so that his trusted justices could handle the case! Curiously too, Justice Salami admitted in the interview that there were conflicting judgments from the Appeal Court under his leadership! Also, in his letter to the CJN, which was leaked to the press for obvious reasons, Justice Salami insinuated that some justices of the Appeal Court are minions or stooges when he wrote; “…and presumably replace me with his minion or stooge.” A minion is a slave, sycophant, bootlicker, hanger-on, lackey, lickspittle, parasite, yes man, servile or an unimportant person.

Those are the kind of people Justice Salami told us adjudicates over cases at the Court of Appeal – a Court that has the power of life and death over Nigerians! Again, on Tuesday, Justice Salami went to the most extreme by accusing the CJN of compelling him (Salami) to compromise Sokoto State Governorship petition! Justice Salami must therefore tell Nigerians who are those Appeal Court Justices that he cannot trust, and why? Was it that he cannot trust the justices to act according to the whim and caprices of his paymasters or that he cannot trust them to discharge their duties in accordance with their oath of office. And if the trust has to do with the discharge of their duties in accordance with the laws of the land, has Justice Salami called the attention of the NJC to this lack of trust?

Also, if the president of the Court of Appeal does not trust most of his colleagues as to empanel them in the Election petition cases, what is the fate of the common man who regards the judiciary as the last hope? Is Justice Salami’s statement not a confirmation that he has a ‘cabal’ or a ‘hatchet’ team that have been used to deliver ludicrous judgements that has made mess of precedence and established judicial decisions? Again, who among the Appeal Court Justices are minions or stooges? And if indeed, the CJN persuaded him to obstruct the cause of justice in the Sokoto matter, why did he (Salami) waited for this long to voice it out? Does it not amount to an afterthought and an attempt to drag the judiciary into the mud that Justice Salami is just raising accusation on the Sokoto matter that happened early last year? And when has it become the norm for Judges to discuss matters relating to the bench on the pages of newspapers?

Apparently, there is more to Justice Salami’s refusal to move up to the highest court in the land than meet the eyes, and it is obvious that Justice Salami knows that he is going down and he is desirous of pulling the judiciary down with himself. Therefore, it is important that the NJC conducts a thorough investigation into Justice Salami’s claim concerning the integrity of the Appeal Court justices that he refused to empanelled on election cases. The NJC must also investigate Justice Salami’s claim that some Justices of the Appeal court are minions or stooges with a view to assisting Nigerians on whom to trust with the handling of their cases among the Appeal Court Justices. Also, all the cases, especially election petitions handled by the Court of Appeal since Justice Salami became president must be reviewed and all petitions arising from the cases investigated without further delay. Furthermore, Justice Salami must be made to step-aside while these investigations are being conducted. Finally, if found to have deliberately denigrated the judiciary with a view to perpetuating himself in office, and also influence judgments to favour anyone, all sanctions available must be applied to Justice Salami so as to serve as deterrent to others and bring sanity to the bench. 

Dr. Adeyemo is the President, Society for Rule of Law in Nigeria (SRLN).

Crackdown on corrupt leaders to continue, says Jonathan


PRESIDENT Goodluck Jonathan has declared a result-oriented anti-corruption crusade, acceptable electoral reform and stable power supply as the irreducible minimum factors for gauging the performance of his administration
He said the ongoing anti-corruption crusade would be vigorously pursued to ensure that all leaders linked with financial misconduct and other forms of abuse of office are brought to book.
Jonathan, who stated this yesterday assured that his administration would deliver on electoral reform, explaining that all winners in the 2011 general elections at all levels of government would emerge from a honest and transparent electoral process.
He said only free and fair elections would enable such leaders to exercise legitimate authority over the people, adding that “every valid vote of the electorate will count in the 2011 elections.”
Jonathan stated this during the opening session of the ongoing regional conference of Commonwealth Association for Public Administration and Management (CAPAM) in Abuja.
And if the achievement of credible elections would reshape the polity, elected representatives and other political office holders must not after election be allowed to change their political parties without first resigning and getting fresh mandate on the basis of their new platforms, former Secretary-General of the Commonwealth, Chief Emeka Anyaoku, has said.
Anyaoku, a founding member of CAPAM, who also spoke at the event, appealed to the National Assembly now reviewing the Electoral Act and the nation’s constitution not to allow political party holders move around aimlessly.
Jonathan said because the entire world expects credible elections from Nigeria, his administration was determined to ensure that the votes of the people count in the 2011 polls.
“Let me assure you that we shall neither fail our nation nor our admirers all over the world who are counting on us to make a significant difference. Another area of challenge that we are currently addressing is inadequacy of critical infrastructure, the most compelling being epileptic power supply. This is important to stimulate economic growth, ensure poverty reduction and employment generation as well as enhance competitiveness. The third priority concern is anti-corruption, based on the existing policy of zero tolerance for corruption to ensure that all offenders are appropriately sanctioned within the ambit of the rule of law and observance of due process.
“The Commonwealth has contributed immensely to the attainment of global peace and harmony through the untiring efforts of several key players, including Commonwealth Heads of Government. It has always been guided by certain fundamental values, principles and norms, which have evolved over the years. These enduring values and principles have reaffirmed subsequently through a number of declarations by Commonwealth Heads of Government. There was a renewed commitment to participatory democracy, characterised by free and fair elections, representative legislative, an independent judiciary, a well-trained public service, a transparent and an accountable public accounts system,” he said.
The President said the appropriateness of the theme of this conference, “Good governance, accountability and trust” is apt because it seeks to create a veritable platform for engaging with leaders at the political, bureaucratic and technocratic spheres in order to reawaken them to their responsibility in taking their nations forward to higher realm of socio-economic transformation. It is universally acknowledged that without good governance there can be neither accountability nor trust. Indeed, government has been described as a trust committed by all. There can be no good government without good public sector institutions with a critical mass of public servants who are irrevocably committed to the promotion of the common good.”
The Head of the Service of the Federation (HOSF), Mr. Stephen Oronsaye said efforts had been intensified to regain the trust the citizenry had in their leaders, particularly the political class.
He said the public service must therefore mobilise the required policy intelligence to ensure that it earns the trust of the people and help the state to record quick wins in the war against poverty and disease, despite the worrying prognosis by the International Monetary Fund (IMF) and the World Bank that Africa’s chances of achieving the Millennium Development Goals (MDGs) are bleak.
To Anyaoku, those who represent Nigerians in the National Assembly, state assemblies and local councils as well as political office holders at the three tiers of government must be freely, fairly and credibly elected by the electorate.
“We are now looking at the President to see that the leading personnel of the Independent National Electoral Commission (INEC), especially the chairman and commissioners are people of acknowledged integrity and non-political partnership, who can ensure that the entire electoral process including, in particular the compilation and timely display of the electoral register, and the logistic arrangement for voting, are transparent and correctly effected.
“There is the challenge of tackling corruption and its pervasive effect on all the institutions and instruments of governance, and reducing the role of money in our electoral process, elections should not be for only the super rich.
“There should be reasonable limits to the financial contributions to and deposits by candidates as well as how much they can spend on electoral campaigns,” he said.
Anyaoku, who stressed the role of political leaders in public policy formulation, said it is the responsibility of the civil service “to execute such policies with efficiency, and to do so with high moral fibre.”
He asserted that the civil service remains an inextricable and indispensable part of the government, adding that because it plays a very critical role in the state, its disposition should go beyond technical competence, effectiveness, and efficiency.
The disposition of the civil service, according to Anyaoku, must include moral competence and humility. “In the early years of Nigeria’ independence, the country could boast of a federal civil service that compared well with the civil service in any part of the world.
“Today, the Nigerian civil service has lost not only its earlier attributes of competence and efficiency, but also the tradition of your obedient servant which used to be how letters from members of the civil service were concluded. Our civil service while attending to the citizens seems now to manifest the attitude of doing them a favour.”

….and so Goodluck Jonathan is Nigeria’s 4th President, as Yar’Adua Passes on



Eliashib Ime-James, Loveworld News Wire

For close to 15 years he battled with ill health, but his passion for civil governance kept him going. The illness worsened in the last six months, throwing Nigeria’s political horizon into a state of uncertainty. And so at about 9pm Wednesday, President Umaru Musa Yar’Adua, Nigeria’s 3rd civilian president gave up the ghost at the Aso Rock Presidential Villa, Abuja.

His remains will be be buried in his hometown, Katsina, Katsina State by 2pm today.

Since, November, The 58-year-old President of Africa’s most populous nation, has been receiving treatment at the King Faisal Specialist Hospital and Research Centre in Jeddah, Saudi Arabia, for what medical experts called acute pericaditis, an inflammation of the membrane around the heart..

Meanwhile, with tears filled eyes, acting President Goodluck Jonathan was sworn in this morning in accordance with the Nigerian constitution by The Chief Justice of Nigeria, Justice Alloysius Katsina-Alu,  as the substantive president following the death of President Umaru Musa Yar’Adua.

He pledged his tenures determination to purse the fight against corruption and ensure a credible election in 2011.

And as a mark of respect for the late president, Jonathan has cancelled all official engagements and declared a national mourning for seven days, during which, the Nigerian flag will fly at half mast.

Goodluck Ebele Jonathan was born on the 20th of November 1957. He was Governor of Bayelsa State from 9 December 2005 to 28 May 2007, and was sworn in as Vice President of the Federal Republic of Nigeria on 29 May 2007. Jonathan is a member of the ruling People’s Democratic Party (PDP). On 13 January 2010, a federal court handed him the power to carry out state affairs while President Umaru Yar’Adua received medical treatment in a Saudi Arabian hospital. A motion from the Nigerian Senate on 9 February 2010 confirmed these powers to act as President. On 24 February 2010 Yar’Adua returned to Nigeria, but Jonathan continued as acting president.Following Yar’Adua’s death on 5 May, Jonathan will assume the presidency in his own right.

Jonathan was born in Otueke in Ogbia Local Government Area of the then Eastern Region, later Rivers State, now Bayelsa State.He holds a Bachelor of Science (B.Sc.) degree in Zoology in which he attained Second Class Honours, Upper Division. He also holds an M.Sc. in Hydrobiology/Fisheries biology, and a Doctor of Philosophy (Ph.D.) in Zoology from the University of Port Harcourt.

Download Youtube Video: Amanpour talks to Goodluck Jonathan


Download Youtube Video: Amanpour talks to Goodluck Jonathan.

Will you reconsider Prof. Iwu…Amanpour (Excerpt of Dr. Jonathan’s interview in America)


AMANPOUR:

Thank you very much, indeed, for joining us on this program.

JONATHAN:

Thank you for finding time to discuss with me.

AMANPOUR:

Can I ask you first what an extraordinary name. How did “Goodluck” come to be your name?

JONATHAN:

I don’t know. I have to ask my father.

AMANPOUR:

Have you had good luck? And do you think you’ll need more than good luck to face down the incredible array of challenges that’s on your plate?

JONATHAN:

Well, the issue of good luck, I don’t really believe that the good luck an issue. But at the present, I’ve been facing a lot of challenges. What some people will attribute to good luck could have been disastrous under some circumstances.

AMANPOUR:

Well, let me ask you this. You are now acting president, because the president, Mr. Yar’Adua, is unwell.

JONATHAN:

Yes.

AMANPOUR:

Have you seen him since he has come back from his medical absence in Saudi Arabia?

JONATHAN:

No, I have not seen him.

AMANPOUR:

Why not?

JONATHAN:

The thinking of the family is that they should isolate him from most of the key actors in government. I have not seen him. The Senate president has not seen him …and at every single government function, I have not seen him.

AMANPOUR:

Doesn’t that cause anxiety amongst the people?

JONATHAN:

Yes, it does. It does. Obviously, it does, but we cannot influence his family’s thinking.

AMANPOUR:

Would you prefer that the family allowed you to visit him?

JONATHAN:

Yes, of course. But I will not want to force.

AMANPOUR:

What is his actual state of health? This also is a mystery.

JONATHAN:

I can’t say exactly. Only the medical doctors can.

AMANPOUR:

Have they told you?

JONATHAN:

No, they haven’t.

AMANPOUR:

Have they made any public statements?

JONATHAN:

Not quite. Not now. At the beginning, yes, but (Someone’s name – unclear) left for Saudi Arabia, I think in the second week or so, within the first week, we are told that acute pericarditis. After that, no other statement has been issued.

AMANPOUR:

So if he can receive religious leaders, why can he not receive at least the acting president who’s acting in his name?

JONATHAN:

Well, religious leaders are there for (inaudible) blessings. Probably that is why they asked the religious leaders to go and pray for him. We are a very, very religious society.

AMANPOUR:

Do you believe that those around him are trying to undermine you or your new cabinet?

JONATHAN:

I wouldn’t say they are trying to undermine me, because the laws of the land are very clear. And, of course, that is why in the first place constitution is designed for two people to be in charge of government at every time, one superior and one inferior.

AMANPOUR:

Do you think he will ever come back to government?

JONATHAN:

I can’t say that. It’s difficult for any of us as mortals to say so.

AMANPOUR:

So you are now acting president, and you have essentially a year, because elections will be held this time 2011.

JONATHAN:

Yes.

AMANPOUR:

What is your most pressing issue?

JONATHAN:

The most pressing issue for Nigerian now, in terms of basic infrastructure, is power.

AMANPOUR:

You mean electricity?

JONATHAN:

Electricity. Outside that, what is central to the minds of Nigerians now is an election that their votes will count, free and fair elections because we’ve been accused of as a country that our elections somehow are questioned. And I promise Nigerians that they will surely get that and I’ve done some experiments.

The next thing that Nigerians worry about is issues of corruption. You know we’ve been accused of as people who are in a privileged position in government amassing wealth at the expense of society. So they expect us to take these two issues seriously.

AMANPOUR:

So what can you do to take those issues seriously?

Obviously, the issue of good governance, of free elections, free of corruption is central, and you heard the United States has also said just now that you must remove the head of the election commission, Maurice Iwu. Will you do that?

JONATHAN:

You see, the issue of the – the electoral body – in fact, I even told the audience I addressed this morning, the issue is whether the present electoral body can conduct free and fair election or not. And I told them that, yes, they can, because I have done it with the same people.

On issue of the people at INEC, I told them that, look, between now and ending of June, most of the officials at the national level – they’re called commissioners – their tenure will end, and we’re going to review them on individual merit.

Within this period that I have been acting president, I have conducted three elections. They are conducted by INEC and it was free and fair. Only on Saturday, we conducted local council elections in the federal capital territory and all the information is that, apart from one or two that had some few discrepancies, they have been very peaceful, very credible… So that is the issue. So the issue is beyond one person.

AMANPOUR:

But let me just ask you…

JONATHAN:

I’m not defending the chairman.

AMANPOUR:

Do you think he will stay or will he be removed?

JONATHAN:

All of them we’ll review. And any one of them that we feel is not competent definitely…

AMANPOUR:

Do you feel that Mr. Iwu is competent?

JONATHAN:

(Laughs) No, no, no, no. I know that this question continues to come up.

What I’ve said is… the issue is beyond Mr. Iwu.

AMANPOUR:

I know. But I’m specifically talking about him, because it’s come up in your meetings with U.S. officials.

JONATHAN:

Yes, I agree that within the period that is (inaudible) there are quite a number of controversies. I agree. There are quite a number of concerns. There are quite a number of controversies. So I know what I’m telling you; that this very Iwu, I’m not trying to argue for him. The Iwu we are talking about has conducted free elections these past three elections that I’ve made reference to that are credible.

So the issue is beyond Iwu because we must set up an electoral system and our regulations and laws that will make sure that anybody who is appointed to that office should be able to conduct acceptable elections. And that is my focus.

AMANPOUR:

OK. Will you run in 2011? Will you present yourself as a presidential candidate?

JONATHAN:

For now, I don’t want to think about it, because the circumstances that – the circumstances of the day are quite worrisome.

I came in as the vice president to run with President Yar’Adua, of course, getting close to period of election, he took ill. And I have to take over under somewhat controversial circumstances. Only last week, I reconsidered the cabinet. So let us see how Nigeria will move forward first. I had a similar experience when I was governor of my state.

I said, nobody should ask me whether I will contest election or not. I must first of all see whether the state is moving. If the country is not moving, what what will I tell Nigerians I want to contest?

Bode George Jailed


Justice Olubunmi Oyewole of the Lagos High Court, Ikeja has sentenced Chief Olabode

pix200808112354476

Chief Olabode George

George; former chairman of the Nigerian Ports Authority (NPA) and five others to two and half years imprisonment each without an option of fine.

They were sentenced for two years each on a seven-count charge of abuse of office and six months each for a 27-count charge of disobedience to constituted authority.

 Others convicted include; former CEO of NPA Aminu Dabo, O. Abidoye, Abdullahi Tafida, Zanna Maideribe and Sule Aliyu.

The Economic and Financial Crimes Commission (EFCC) had arraigned them on charges of wilful disobedience to constituted authority, contract splitting and conspiracy in August, last year.

The sentence which was seen by many as a crushing defeat of three Senior Advocates Of Nigeria; Joe Gadzama, Tunji Ayanlaja and Dele Adesina, by fiery human rights lawyer, Mr. Festus Keyamo had suffered many encumbrances which necessitated several adjournments based on technicalities.

Strangely, Chief Bode George and other co travelers were not found guilty on the other charges as the prosecution led by activist lawyer Mr. Festus Keyamo, could not prove the commission of the offences alleged against them beyond reasonable doubt.

Defense had argued that the convicts were not charged in their personal capacities but as board members of NPA and asked the court to acquit their clients except the court can prove otherwise.

However, Justice Oyewole averred that; “The facts indisputably before the court are that the defendants are natural persons who were appointed to serve as directors on the board of the NPA, a public corporation owned solely by the Federal Government of Nigeria and established under an Act of the National Assembly. The judge noted that “It is an evident fact upon which the court can take judicial notice that only natural persons are appointed to hold public offices and not corporate or incorporate bodies.

He insisted that the board of a corporation is an organ of that organization and does not possess a corporate legal existence separate from that of the corporate body it belongs to and therefore cannot possess legal identity as to sue or be sued independently.

“Persons acknowledged out of millions of Nigerians by the President of the Federal Republic of Nigeria to be of proven integrity and of cognitive experience in relation to the activities of the NPA cannot claim ignorance or simply play Pontius Pilate when obviously irregular contracts placed before them were approved by them without question. It amounts to wilful blindness and must have its consequences” the court said.

“The prosecutor had argued that while there may be good reasons to seek a presidential waiver in respect of the application of the said circular, flagrant disobedience was not the proper course of action.

When the tide of the case became obvious, lead counsel, Mr Tunji Ayanlaja (SAN), pleaded for mitigated sentence, noting that the conviction of his client on a technical charge could scare others who are interested in serving the nation.

But the Justice Oyewole in his Sentence noted that: “When public office is abused, the entire system is assaulted. This must not be treated with kid gloves, if the quality of service in our public life is to be attained to an appreciable standard of the civilised world.

Eliashib Ime-James.

LoveWorld News Agency

FAKE ANTI-VIRUS COMPANIES RAKE IN MILLIONS OF POUNDS


Online criminals are making millions of pounds by convincing computer users to download fake anti-virus software, internet security experts claim.

Symantec says more than 40 million people have fallen victim to the “scareware” scam in the past 12 months.

The download is usually harmful and criminals can sometimes use it to get the victim’s credit card details.

The firm has identified 250 versions of scareware, and criminals are thought to earn more than £750,000 each a year.

Scareware sellers use pop-up adverts deliberately designed to look legitimate, for example, using the same typefaces as Microsoft and other well-known software providers.

They appear, often when the user is switching between websites, and falsely warn that a computer’s security has been compromised.

If the user then clicks on the message they are directed towards another site where they can download the fake anti-virus software they supposedly need to clean up their computer – for a fee of up to £60.

SOURCED FROM BBC

SUPER RICH, MY FOOT!!


A friend once cracked a joke when he said Nigeria is one country where the puke of corruption stares at you from the pages of the dailies every time from the Government’s press releases and then Government recapitulates the next minute, cold-bloodedly announcing, “We do not have any evidence yet to prosecute.”

CBN’s ‘onigbese’ list is brimming over with the ‘Who is Who’ in Nigeria. Already the noise level over this error of comedies, threatens to eclipse Mount Krakatau’s eruption. In all spheres of Nigeria’s development the debtors are well represented. The Dangotes, the Ogborus , the Otedolas etc. It is a very select crowd of ex Governors, Ministers, oil and gas tycoons many of them national award holders.  It’s simply insane; many of these big guns, feared and respected in the society are in the devil’s basket. A number of the debtors owe tens of billions of naira at the same time are regular billion naira donors at fund raising dinners off course sponged down our throats by Nigeria’s apologetic mainstream media. Welcome to the d-e-m-o-n-c-r-a-z-y world of Nigeria’s high and mighty. Professor Ndi Okereke-Onyuike, DG of Nigeria’s stock exchange was glib and quick to suspend the 5 lepers from the trading floor but failed to tell us that her Transcorp was neck deep in the debt slime. Transcorp owes union bank nearly 40 billion naira and Okereke-Onyuile now has a week to explain how come and my extension, why her bum must continue to hug the NSE’s saddle. When the CBN Governor Sanusi Lamido, told a stupefied audience that a single individual owed 40 billion naira; many responded ‘tales by moonlight.’ Yesterday I downloaded the doomsday chronicles from the CBN site and my heart quivered, the figures were gargantuan and the names were real. The words ‘non performing loans’ took on a new meaning. It is an indictment on the Nigerian bank system that a single company could take credit facilities from 2, 3, 4, 5 banks without eyebrows being raised. It is simple macabre. Whatever happened to synchronization, sharing of information, the seamless forms and stringent requirements citizen Joe never seems to meet. It is disgraceful that AIG Imoukhuede, could owe the Intercontinental bank 16 billion naira; nearly 10 percent of bad debts owed the embattled Intercontinental bank when as Access bank’s CEO he is all too aware of the pros and cons of diabolical banking standards. Christopher Colombus!!  What in the heavens was Professor Chukwuma Soludo doing covering up all these banks. The professor would be remembered harshly for defending a failing system when this gig is over!! Now that’s the pinnacle of schizophrenia.

Back to my friend, these are the days of ULTIMATUM. ‘EFCC gives debtors 7 days to return the money’.’EFCC orders sacked CEO’s turn-in or face arrest.’ ‘NSE orders Ndi explain Transcorp in 7 days.’  Now, woe betide this often oblivious and lackluster Federal government if it fails to nail this ogre and it be said that the Government failed extraordinarily in a case that was more difficult to lose than win

Aghogho, CONNECTAFRICA

CBN PUBLISHES LIST OF RESCUED BANKS DEBTORS


CENTRAL BANK OF NIGERIA

ADVERTORIAL

Following the recent regulatory action of the Central Bank

of Nigeria on the five (5) banks, it has become necessary

to use this medium to request the following defaulting

customers of the affected banks to pay without further

delay their indebtedness, failing which the banks will take

all appropriate legal actions to ensure repayment.

These are the largest debtors and the CBN will continue to

publish the list of defaulters on an on-going basis.

INTERCONTINENTAL BANK PLC

S/ N ACCOUNT NAME ,

BALANCE AS

AT MAY 31

2009

(N)

DIRECTORS/MAJ

OR

SHAREHOLDERS STATUS

1

ASCOT OFFSHORE NIGERIA

LIMITED  44,670,080,228.83

JOEY CHUMA OBUE, SAMUEL

AIKHIONBARE, HENRY

IMASEKHA AND EMMANUEL

NWACHUKW

NONPERFORMING

2

ROCKSON ENGINEERING

LIMITED 36,989,685,692.84

ENGR. J. I. A. ARUMEMIIKHIDE

AND MRS. MARY E.

ARUMEMI-IKHIDE

NONPERFORMING

3

UNITED ALLIANCE COMPANY OF

NIG.LTD. 16,247,686,168.18

MR. AIG-IMOUKHUEDE AND

MR. HERBERT WIGWE

NONPERFORMING

4

ACCOUNTANT GENERAL

SPECIAL PROJECT  14,528,671,304.81

NONPERFORMING

5

RAHAMANIYYA OIL AND GAS

LTD.  12,799,823,561.55

AIL. ADDULRAHAMAN M.

BASHIR, ALH. MUSA BASHIR,

ALH. ZAYYANU AND BARR.

JAMILA BASHIR

NONPERFORMING

6 DANSA OIL AND GAS LIMITED  8,836,682,542.69

ALHAJI SANI DANGOTE,

ALHAJI ALIKO DANGOTE,

ALHAJI MOHAMMED SANI

DANGOTE

NONPERFORMING

7

IORNA GLOBAL RESOURCES

LIMITED  7,700,000,000.00

NWUCHE NNANNA, DAVID

IGWE

NONPERFORMING

8

FOBY ENGINEEERING LIMITED  6,861,592,031.47

ENGR. EMMANUEL O. EFOBI,

DR. (MRS) SARAH EFOBI

NONPERFORMING

9

TRANSNATIONAL CORP OF NIG

PLC  6,553,985,525.18

PRO. NDI OKEREKE-ONYIUKE,

TOM ISEGHOHI

NONPERFORMING

10

MAVEN ASSET MANAGEMENT

LIMITED  5,927,624,574.44

CHIEF EFFONG, TUNDE

ADEYEMI, FRANK OBOTT

NONPERFORMING

11

LISTER OIL LIMITED  5,000,000,000.00

ALH ARISEKOLA ALAO, ISMAIL

ALAO, KADIJAT ALAO

NONPERFORMING

12

SAMMY BETH INTERBIZ LIMITED 4,500,000,000.00

NOSO UJAM, NINA EGWU

NONPERFORMING

13

CINCA NIGERIA LIMITED 3,821,838,736.45

ENGR. H.F. ENUHA

NONPERFORMING

14

NITEL CDMA PROJECT ACCOUNT  3,593,779,589.40

TRANSNATIONAL

CORPORATION

NONPERFORMING

15

TRIQUEST ENERGY LIMITED  2,430,000,000.00

ALH. DAGAZAU AND CHIJIPKE

OKENWA

NONPERFORMING

16

CAMDEN RESOURCES LIMITED  2,400,000,000.00

NONPERFORMING

17

RIVERSIDE LOGISTICS LIMITED  2,400,000,000.00

NONPERFORMING

18

JUMMAI MAHMUD  2,300,000,000.00

NONPERFORMING

19

STANZUS INVESTMENT LTD  2,273,401,070.49

NONPERFORMING

20 INTEGRATED OIL -GAS LIMITED  2,000,000,000.00

NONPERFORMING

21

RESOURCE INTERMEDIARIES

LIMITED  2,000,000,000.00

NONPERFORMING

22

SPRINGBOARD TRUST AND

INVESTMENT NI 2,000,000,000.00

NONPERFORMING

23 MOBITEL LIMITED 1,380,781,422.64

NONPERFORMING

24 CASHCRAFT ASSET MGT LTD 1,535,000,000.00

NONPERFORMING

25 BROOKE INVESTMENT LTD 1,658,486,009.44

NONPERFORMING

26 SANTRUST SECURITIES LTD 1,585,818,101.57

NONPERFORMING

27 DSNL OFFSHORE LTD 1,601,019,849.77

NONPERFORMING

28

NORTHERN TEXTILE

MANUFACTURER LTD  1,638,176,888.55

NONPERFORMING

29 DICETRADE NIGERIA LTD  1,000,000,000.00 NON

2

PERFORMING

30 OBAT-OIL PETROLEUM LTD 1,000,000,000.00

NONPERFORMING

31

SINGE-OBI CONSTRUCTION

COMPANY LTD

1,175,827,597.23

NONPERFORMING

32

ENA-BELL LTD 1,293,727,613.35

NONPERFORMING

33

ONUOHA E. IBE 654,593,289.82

NONPERFORMING

34

OJEMAI INVESTMENT COMPANY

LTD. 736, 850,500.02

NONPERFROMING

35 BABA HARUNA IBRAHIM 544,880,532.37

NONPERFORMING

TOTAL 210,903,162,331.07


AFRIBANK PLC


1

KOLVEY COMPANY LIMITED  16,500,000,000.00

SULIEMAN IBRAHIM, AISHA

BA’ABA USMAN, HABATUN

M.A

NONPERFORMING

2

REHOBOTH ASSETS LTD 15,000,000,000.00

CHUDI AJAEGBU, CHIAMAKA

AJAEGBU, TOCHI NAOMI

AJAEGBU, EKENE AJAEGBU,

JOSEPHINE AJAEGBU

NONPERFORMING

3

RESOLUTION TRUST AND INVEST CO.

LTD

12,000,000,000.00 PATIENCE ORIGHOMESAN,

SARAH ORITSEMARUNTOSAN,

PETER UKUORITSEMIFE

OKOLO, JOSHUA TORITSEJU

NONPERFORMING

4

PETOSAN PROPERTY AND DEV CO. LTD 10,000,000,000.00

PATIENCE ORIGHOMESAN,

SARAH ORITSEMARUNTOSAN,

PETER UKUORITSEMIFE OLOLO,

JOSHUA TORITSEJU

NONPERFORMING

5

LARIX NIG LTD 6,100,000,000.00

ALHAJI IDAH NONPERFORMING

6

BRO WORKS (NIG) LTD 5,000,000,000.00

ALHAJI IBRAHIM NONPERFORMING

7

SULETICAL NIGERIA LTD 5,000,000,000.00 NONPERFORMING

8

AQUITANE OIL AND GAS LTD 2,451,429,489.89

DAHIRU WADA, IKECHUKWU

OKOLO, VICTORIA NGOZI

OKOLO, OLARENWAJU

KUSEMIJU, KUNLE AKEJU,

KWAME NKURUMAH NGOJI,

IBUKUN ADEGBITE

NONPERFORMING

9

PETRO-LOGISTICS LIMITED  1,753,629,570.19

DR UGOJI EGBUJO, MR SHAKAR

OLUWO, AKUDO EGBUJO

NONPERFORMING

10

FIOGRET LIMITED  1,683,796,444.93 CHIEF GREAT OGBORU, MR

TURNER OGBORU,CHIEF FADA

OGBORU

NONPERFORMING

11

OMATEK COMPUTERS LTD 1,649,380,634.77 MRS FLORENCE SERIKI, FOLA

ADEOLA DR TIM FAWINRE

NONPERFORMING

12

DAMNAZ CEMENT COMPANY LTD 1,624,731,764.95 ENGR IBRAHIM A. GOBIR, ALH.

ABUBAKAR MAGAJI, ALH ALIYU

MUJINYAWA, ALH

MOHAMMED DANDARE

NONPERFORMING

13

STERLING CIVIL ENGINEER 1,588,641,038.00 NONPERFORMING

14

NICE CORPERATE SERVICES LTD

1,468,012,191.22 LAWAL MOHAMMED AUWAL,

AUWAL ASMA’U

NONPERFORMING

15

PETTERNS NIGERIA LTD 1,121,815,000.00 NONPERFORMING

16

CONTINENTAL TRANFERT TECH LIMI 696,195,060.96

ALH HASSAN IBETO, MR BENOY

BARRY, MR ROHEEN BARRY, DR

NONPERFORMING


ADAM ALI BIU

17 ORANGE-LINE LTD

661,722,356.08 CHIKE IROEGBUNAM, CHIEDU

N. EDOZIE

NONPERFORMING

18

IMAD OIL AND GAS LIMITED

555,359,418.30 ALH. ABBA DASUKI, BASHIR

ADAMU GUSAU

NONPERFORMING

19 IKEJA HOTEL PLC

541,029,826.48 NONPERFORMING

20

DREDGING ATLATIC COMPANY LTD. 510,252,876.98

JOHANNAS DAVID RASSFELD,

HERMAN STREWE, ENGR.

KASALI ADEBAYO SHITTU,

STANLEY ABALI

NONPERFORMING

21

ALLIANCE AND GEN. INSURANCE CO.

LTD

508,868,225.48 ALANI AKINRINADE, OLAFISOYE

A.O, A. ADEDEJI, MRS DINOBI,

MR LAMIDI W.A, EMMANUEL

OLANIYI, ADRIAN BAULF

NONPERFORMING

22

THE DAILY TIMES OF NIG. PLC 493,472,332.51

NONPERFORMING

23

BRUNEL ENGR. AND CONSULTING LTD. 6,935,006,115.89 NONPERFORMING

24

FALCON SECURITIES LIMITED 29,500,000,000.00 PETER OLOLO (MD), SIMBABE

JOSEPH, EMMANUEL UGBO

NONPERFORMING

25 AFRICAN PETROLEUM

12,804,121,542.49 FEMI OTEDOLA, OSA OSUNDE,

TUNDE FALASINU, CLEM

AVIOMAH, LAYI, BOLEDEOKU,

GRACE EKPEYONG

NONPERFORMING

26

MERISTEM SECURUTIES LTD. 2,920,559,831 ISHAYA SHEKARI, KELAMB

INVEST LTD, OLUSEGUN

OLUSANYA, ENGR. LAITAN

OMILAJA, IMURAT INT’L LTD,

CHRISTOPHER ATTAH,

SYLVERIUS OKOLI, CHIEF ADE

OJO, EST OF MUDA

GBOLAHAN, GREAT AFRICA

TRUST, ADOLODUN OLAIYA,

BSQ ASSET MGT. AND

MARJISTA LTD.

NONPERFORMING

27.

ULO CONSULTANTS LIMITED 2,025,395,139.48 CHIEF UCHE OKPUMO, BARR.

SAM NWOSU, DETOLA OLU

OLOWONWA

NONPERFORMING

28

HOME TRUST SAVINGS AND LOANS

763,260,162.00 FEMI ADEMOSUN NONPERFORMING

TOTAL : 141, 856,679,021.605


UNION BANK PLC

SHAREHOLDERS STATUS

1

TRANSNATIONAL CORP.PLC 30,863,304,173 DR. NDI OKEREKEONYIUKE

NONPERFORMING

2

MTS FIRST WIRELESS LTD 9,849,331,689 CHIEF LULU BRIGS NONPERFORMING

3 ZENON 6,251,658,228 Olufemi Otedola, Nana

Otedola

NONPERFORMING


4

IRS AIRLINES LTD 3,331,882,287 KHALIFA ISIAKA

RABIU,YUSUF

RABIU,SHEIKH RABIU

NONPERFORMING

5

AVIAN SPEC NIG LTD 1,747,793,566 NONPERFORMING

6 COMMUNICATION TRENDS LTD 1,127,361,164 ENGR UZO

UDEMBA,BARR. ADA-UGO

UDEMBA

NONPERFORMING

7

OSIGWE FOODS LTD 959,674,031 CHIEF A. K. MOHAMMED;

SHAANXI FUWAYIA CO.

LTD

NONPERFORMING

8

STAR PAPER MILL 719,816,365 CHIEF ECHEME NNANA

KALU

NONPERFORMING

9

DJONES 524,929,000 Sir J.O Eze,

Richard Eze

NONPERFORMING

10

MIDLAND GAL. PROD LTD 506,759,793 DR. J. C. DUGAD NONPERFORMING

11 CHACHANGI AIRLINES NIG LTD 423,467,502 ALH.AHMADU

CHANCHANGI

NONPERFORMING

12

AFRICAN TEXTILES MFG 304,479,940 MR. SUNAIL AKAR NONPERFORMING

13.

IKEJA HOTELS PLC 1,245,953,865 NONPERFORMING

14.

BAO YAO HUAN JIAN 3,136,303,163 NONPERFORMING

15

ZIKLAGSIS NETWORKS 4,339,343,543 NONPERFORMING

16

MINAJ HOLDING LTD 1,634,717,063 NONPERFORMING

17

IBETO INDUSTRIES 2,479,103,704 NONPERFORMING

18

GMT SECURITIES

1,291,737,218 NONPERFORMING

19

AVIAN SPEC NIG

1,172,926,239 NONPERFORMING

20

AFRICAN TEXTILE MAN 592,362,186 NONPERFORMING

21

AWARTISE NIG LTD 573,192,919 NONPERFORMING

22

PALM TREE LTD

505,975,575 NONPERFORMING

TOTAL 73,582,073,213

OCEANIC BANK PLC

1.

NOTORE CHEMICAL INDUSTRIES LTD

32,392,951,000

DIRECTORS/MAJO

R SHAREHOLDERS

(1) NOTORE CHEMICAL IND.

(MARITUS) (2) AFRICAN

FINANCE CORPORATION

STATUS

NONPERFORMING

2

RAHAMANIYYA GLOBAL RESOURCES

LTD

28,589,958,000 Abdul Rahaman Musa Bashir NONPERFORMING

8


3

LV DEVELOPMENT COMPANY LTD 2,727,256,000 MICHAEL ONASANYA, PRISCILLA

BEDELL,BIODUN

SULAIMAN,OLAJIDE OYEWOLE

NONPERFORMING

4

DANGOTE INDUSTRIES LIMITED 2,526,460,000 NONPERFORMING

5

FALCON SECURITIES NIG. LTD 22,260,476,000 MR PETER UKORITSEMOFE

OLOLO & OGISI TORITSEJU

GODWIN

NONPERFORMING

6

WAVES PROJECT NIGERIA LTD 362,315,000 (1) WESTCOM TECHNOLOGY.

(2) MILLENIUM ENTRY

NONPERFORMING

7

SPARK-WEST STEEL INDUSTRIES 18,449,629,000 MR NIYI OYEDELE, MR SAREL

TAUTE

NONPERFORMING

8

BFCL ASSETS AND SECURITIES LIMITED 4,107,218,000 S E OKORO, O V IBRU NONPERFORMING

9

MID-WESTERN OIL& GAS COY PLC 23,863,485,000 ONAJITE OKOLOKO, ENG.

ADAMS OKOENE

NONPERFORMING

10

OANDO PLC 7,100,574,000 GENERAL M. MAGORO NONPERFORMING

11

HONEYWELL GROUP 1,606,584,000 MR OBA OTUDEKO NONPERFORMING

12

GLOBAL FLEET INDUSTRIES LTD 14,782,994,000 JIMOH IBRAHIM NONPERFORMING

13

CIRCULAR GLOBAL INTERNATIONAL

LTD

12,884,748,000 NANASHETU ABDULAI NONPERFORMING

14

IMAD OIL &GAS LTD 10,389,687,000 BASHIR ADAMU / ABBA DASUKI NONPERFORMING

15

ZARM POULTRY & FEED MILLS LTD 8,374,879,000 ALHAJI MUFTAU GBADAMOSI NONPERFORMING

16

CASHCRAFT ASSET MGT LTD 2,209,562,000.00 Otunba J. A. O. Ogunfuwa;

Deolu Ireyomi

NONPERFORMING

17

DELTA STATE GOVERNMENT 6,455,196,000 N/A NONPERFORMING

18

NITEL 7,829,277,000 NONPERFORMING

19

FLOTSOME INVESTMENT LIMITED 7,069,450,000 Mrs. Elizabeth Ishola; Mrs

Orumen Jane

NONPERFORMING

20

PRISKYGOLD NIGERIA LIMITED  6,886,324,000 NONPERFORMING

21

PETOSAN PROPERTY & DEVELOPMENT

COMPANY LIMITED

6,396,232,000 PETER U. OLOLO NONPERFORMING

22

DILIVENT INTERNATIONAL LIMITED 6,258,912,000 LEKAN OGUNLEYE NONPERFORMING

23

AQUITANE OIL AND GAS LIMITED 6,119,035,000 IKECHUKWU OKOLO, NGOZI

OKOLO

NONPERFORMING

24

VALUELINE SECURITIES &

INVESTMENTS LTD

6,165,241,000 ELDER SAM ENYINNAYA NONPERFORMING

25

ABINOF FOD COMPANY LTD 1,316,131,000 NONPERFORMING

26

JEEDAB FIBRE 4,813,696,000 CHIEF ANTHONY GODWILL

ADOH

NONPERFORMING

27

MARRI CROSS INVESTMENT LTD  4,353,402,000 MR. NTUK BASSEY AND MRS.

LINDA IGIEWE

NONPERFORMING

9


28

BERKELEY GROUP PLC 4,300,000,000 HENRY EFE IMASHEKA,

ANTHONIA OLUBUKUNOLA

IMASHEKA (MRS)

NONPERFORMING

29

JAG GLOBAL RESOURCES LTD 4,157,568,000 JAMILU ABUBAKAR NONPERFORMING

30

ORION TECHNOLOGIES LTD 3,874,837,000 MICHEAL ONASANYA, ABIODUN

SULAIMON, TUNDE OYEWOLE

NONPERFORMING

31

OBAT OIL AND PETROLEUM LTD 4,474,550,000 PRINCE FEDRICK .E. AKINRUTAN NONPERFORMING

32

PETOSAN OIL & GAS COMPANY

LIMITED

5,105,833,000 PETER U. OLOLO NONPERFORMING

TOTAL 278,204,460,00