Friday, 18 July 2014

Panic in Abuja over fresh threat of B’ Haram attack

ABJ-GATESecurity operatives evacuate plaza occupants 
AN alleged fresh threat by    Boko Haram sect that it will attack the Ambeez shopping plaza in Abuja may have created panic among residents of the city.
   Security operatives Thursday stormed the plaza located in Zone five, Wuse district and ordered the occupants to vacate the premises.
   Meanwhile, gunmen suspected to be  Boko Haram  members on  Wednesday evening  kidnapped two businessmen (names withheld) in Gambouru border town of Ngala Local Council of the state and whisked them away to unknown destination.
  The threat letter, which was obtained by The Guardian, was said to have been written by an insider who claimed he is now a changed man.
  The letter reads in part: “This is to inform all occupants of Ambeez plaza that a threat letter has been sent to this plaza that all occupants should be very careful if possible stay out of the plaza for the next three days starting from Monday to Thursday.”
  The author of the warning letter cautioned the occupants not to treat the letter with levity saying, “please don’t toil with this vital information … like those in Emab plaza that got insight and still stayed until many died.
  In revealing his identity, the writer, who said he is close to the planners of the dastardly act, claimed he is now a child of God.
  He urged occupants of the plaza to call the attention of the police in case they come across bags on the floor, saying that is the means through which the planned attack would be carried out.
  He added: “… because that will be the means of bombing Ambeez plaza. Security should start serious search of lady handbags, cars and pockets of all that come in throughout this period because the information is crucial.      Don’t call this rumour and risk your life please be careful many have gone, don’t be victim of careless acts. … I am talking from inside the house of those making this plan but am now a child of God but am still with them exposing them in secret so l am revealing this to all especially children of God ahead of time for caution to be taken by all that are wise.”
   One of the occupants who spoke to The Guardian on condition of anonymity said: “We got the letter on Monday and that sent jitters down the spine of everybody in the plaza. In fact, some people have even started packing out of the plaza. I think that security authorities are on top of the situation now because some of them came and ordered everybody out of the plaza now. With this evacuation, you can imagine how many people will be thrown into unemployment market. Besides, there are many families that will find survival hard by the reason of suspension of business in this plaza.”
   This comes as security operatives have cordoned off a popular fresh fruits centre popularly called “farmers market”, which is about 500 meters away from the Inspector General of Police residence.
  One of the sellers who called himself Seidu, while lamenting the closure of the market said: “It is very unfortunate that this kind of thing is happening in our country. Most of us selling fruits here are from the North coupled with the fact that this place is not far from the house of the Inspector General of Police, it is a surprise that this kind of thing can happen here. Who is Boko Haram fighting? What do they want? We do not know who Boko Haram is fighting.”
  The action followed a discovery of a rumoured bomb in the area, which was detonated by the police.
  The bomb scare has resulted in panic by most Abuja residents who have resorted to going to shopping centres either in the early hours of the day or early evening when most of the shopping centres are scanty.
  This development is also affecting nightlife as most night clubs are now groaning over poor patronage as most of the residents have chosen  to stay away from fun centres due to fear of by Boko Haram.
  Not only are nightclubs recording low sales, even gardens where workers relax or while away time to evade heavy traffic especially on Nyanyan road, have been abandoned.
   According to an eyewitness in Gambouru, the gunmen stormed a market in Hilux vehicles and bundled  the businessmen into a vehicle and sped off without firing a shot.
  Confirming the incident Thursday in Maiduguri, military sources also said that  there was also an attempt of terrorists’ attacks on Gambouru on Wednesday night.

FIFA Lifts Ban On Nigeria

The crisis that has rocked the Nigeria Football Federation since the Aminu Maigari-led board was sacked on July 6 is to be resolved today in line with FIFA's deadline for suspension lifting.

The development is as a result of the vacation of a suit in High Court Jos, which had earlier granted restraining order against Maigari's board thus preventing him and his board from administering Nigerian football.

FIFA demanded for the withdrawal of the case as well as the reinstatement of the Maigari-led board of the NFF as conditions before lifting the suspension placed on the country since last week.
Nigeria was lucky to have the world football governing body extend the deadline for compliance to today due to the judicial workers strike which prevented the court to sit on the earlier fixed July 15.

The Amos Adamu-led lobby team sent to FIFA by sports minister Dr. Tammy Danagogo to intimate FIFA on issues that necessitated Maigari's removal returned to the country yesterday and has submitted its report, which hasn't been made public.

The latest development has saved Nigeria bid to participate in the U-20 FIFA Women's World Cup, as well as the male African U-17 Championship qualifier this weekend.

Maigari and his board will resume their duties today and continue their normal functions until next month's elections when they could be sacked through the ballot, in line with FIFA's statuses.

Thursday, 17 July 2014

Strategic Offshore Placement Ltd Entrance Exams holds tomorrow

 

Strategic Offshore Placement Ltd will be holding Entrance Examinations for entry into Global International College in September 2014 across the West, South-South and the North of Nigeria.

The Entrance Examination is scheduled to hold on Saturday the 19th of July 2014 at Lagos, Ibadan, Warri, Port-Harcourt, Enugu & Abuja. University Placement processing will also be available for Post-Graduate applicants. Read more...



Venues
Lagos: Global International College, Plot 12 Block 26 Admiralty Way Lekki Phase 1 Lagos. 08055461116
Ibadan: 18 Oba Akenzua Avenue, off Oshuntokun Avenue, Old Bodija, Ibadan. 08036706483
Warri: Mom Civic Centre, Airport Road Opposite D- Range Restaurant By Greener Line Motors, Warri. 07037232816
Port Harcourt: No 61 Olu Obasanjo Way, Port Harcourt, 08084182246
Enugu: Kidsville, 15 Ituku Street, Upper Chime Street, New Haven, Enugu.07083797961, 0802455454, 09092155493, 08097914171
Abuja: Global International College, Plot 111, EbituUkiwe Street, Near Chida Hotel off Mike Akhigbe street Jabi district Abuja. 08038905205

Target applicants to this event includes: Students who have completed SS3/Year 11, Postgraduate applicants.
Interested applicants are to come to the venue with their credentials as on the spot admission into Global International College to undergo your Foundation Programme will be given to Eligible Students.
Post graduate students will also have their applications processed into the following universities
UK
University of Essex, University of Kent, University of Exeter, University of Northumbria, University of Surrey, Swansea University, University of Newcastle, St. Georges’ University, London.
Canada
Carleton University, University of Manitoba, Brandon University, St Francis Xavier, University of Alberta, University of Winnipeg, University of Ontario
US
Suffolk University, Boston, Oregon State University, University of South Florida, University of Massachusetts (5 Campuses), Abilene Christian University, Dallas Baptist University, Le Totrneau University, Texas University
Hungary
University of Szeged, University of Pecs, Semmelweis University, University Budapest, University of Debrecen
Dubai
Gulf Medical University, Institute of Petroleum, SAE Institute, American University of Emirate, Michigan State University, American University of Dubai, American University of Shajar.
Caribbean
University of the West Indies

  
 
 

Mente de Moda Fashion & Art Festival: August 2014


Mente de Moda was created to give new brands a rare opportunity to get their products onto the fashion high street. It gives labels the opportunity to experiment with physical retail, get face-to-face consumer feedback, and test the market.
This August sees the return of the Fashion&Art showcase with bigger and more eccentric brands, the time has come to expose underrated talent, trailblazers, pacesetters and truly gifted minds within the fashion and art sphere. Continue...

Since inception the Mente de Moda franchise has been known to cater to a wide demographic of buyers and sellers, not just within the Lagos district but from other cities across the country. Making networking at the festival equally as important as making a sale. With side attractions like live poetry, smooth acoustic performances from underground music acts, candy floss, slush, happy hour discounts on selected items at the festival and more, all set in a youthful and energetic environment in the Victoria Island area every first Sunday of the month.
Not to mention the level of exposure our kind media partners provide during the festival; Mente de Moda is a great avenue to take your first step out of many in making your brand a household name.
The August edition of this lifestyle festival is set to hold on Sunday 3rd of August 2014 at Maddox, 82 Adetokunbo Ademola street Victoria Island, Lagos featuring all the usual deals, steals, fab fashion accessories, menswear, womenswear, live paintings, spoken word sets and more.

FIFA Ranking: Super Eagles ranked third in Africa ‪#‎Nigeria‬ ‪#‎SuperEagles‬ FIFA World Cup FIFA FC Naija


Super Eagles second round showing at the just concluded 2014 FIFA World Cup has not gone unnoticed as the team moved up ten places on the latest FIFA ranking
fcnaija.com|By Shehu Bello

Pension Regulation Finally Comes of Age


May-Mbu-Back-Pg-Pix.jpg-May-Mbu-Back-Pg-Pix.jpg
Legal Eagle By May Agbamuche-Mbu, Email: may.mbu@thisdaylive.com


On 1st July 2014 President Goodluck Jonathan signed the Pension Reform Bill into law. The new law which is meant to govern and regulate the administration of the uniform pension scheme for both public and private sectors in Nigeria, repeals the Pension Reform Act No. 2, 2004. The 2014 Act empowers the National Pension Commission (PenCom) subject to the fiat of the Attorney General of the Federation, to institute criminal proceedings against employers who persistently fail to deduct and or remit pension contributions of their employees within the stipulated time. The new law also reviewed upwardly the penalties and sanctions as the old law did not serve as a sufficient deterrent against infractions of it Furthermore, PenCom can revoke the license of erring pension operators whose actions or inactions jeopardise the safety of pension assets.
A few days after the Pension Reform Bill was signed, the 1st edition of the World Pension Summit Africa Special was held in Abuja, organised jointly with PenCom. The summit focused on key lessons learned amongst African nations on pension investments, risk management and fund management, amongst many other relevant areas of importance in pension administration.
PenCom is a public institution established to regulate, supervise and ensure effective administration of pension matters in Nigeria. It was established following the takeoff of pension reform in 2004 which culminated in a paradigm shift in Nigeria’s pension system from the existing Defined Benefits Scheme to a Contributory Pension Scheme (CPS).
It is encouraging to know that pension issues are being brought to the front burner. To work and receive a pension is a source of pride more so if you have served your country. It is not the amount that matters, it is that at the end of years of labour you stand to receive money that you have earned. In a country such as ours with no social security scheme, exiting employment can fill one with trepidation. Some have manipulated their date of birth in order to remain at work for as long as possible but one day the inevitable must surely come to pass: time to retire - and for civil servants all over Nigeria the nightmare has only just begun.
I remember clearly some years ago on the streets of Ikoyi, Lagos retired civil servants in their hundreds and thousands day in day out waiting for their pension or some form of verification exercise to be first conducted that somehow appeared to be lasting forever. You could not miss the pensioners’ dejection as you could see frustration written all over their faces.
Embezzlement of pension funds has been the order of the day in this country. For example the Police Pension Fund has a history of fraud associated with it and some years ago the fund was practically cleaned out. So often when a fraud of this magnitude occurs the sums involved are truly astronomical, running to billions of naira. The perpetrators not only take the cream on top, they also take the entire milk, including even the glass bottle. Recently, the Federal Government approved a new Pension Fund Administrator to manage the pension of the Nigerian Police under the Contributory Pension Scheme. Not surprisingly retired police officers in Imo state have already called for the removal of the Nigerian Police from the Contributory Pension Scheme, asking to be treated like the Nigerian Army and Navy. At the moment Police Pension Fund stands at over N305 billion. You can but imagine how some people are licking their lips, waiting for any opportunity to feast on it.
After much deliberation between PenCom and the Nigeria Police Force (NPF) the NPF decided to incorporate NPF Pensions Limited and only recently, applied to the commission to operate as a PFA exclusively for police personnel in order to address their peculiar concerns. However this proposed NPF Pension is generating heated criticism as it may be illegal as currently structured.
In a pension fraud matter involving N18.3billion brought before Justice Adeniyi Ademola of the Federal High Court, Abuja by the Economic and Financial Crimes Commission (EFCC), a hotel was forfeited to the Federal Government in consonance with the provisions of Section 204 of the Criminal Procedure Act, Section 34(1) of the EFCC Act and the rules of the Federal High Court as the property was bought with proceeds of the crime.
According to PenCom, assets under management in the CPS have risen to N4.3trn. The new law provides a 10 year jail term as penalty for any pension administrator who misappropriates or diverts pension funds. It also provides that anyone found guilty of embezzling pension funds would pay thrice the value of what has been stolen. It further stipulates a fine of N500, 000 daily for any agency administering pension affairs which fails to abide by any provision of the Act. There is hope in sight where pension funds are concerned as PenCom has a strict regime, which include daily monitoring of the investment activities of PFAs and the institution of rigid payout authorisation requirements, all to ensure that the PFAs are not reckless in their investment decisions, while also providing that only the right beneficiaries would have access to pension funds.
Some other measures include the guarantee of the full sum and value of the pension fund and assets held by Pension Fund Custodians on behalf of the PFAs, as mandated by the regulator, as well as risk ratings for instruments that pension funds can be invested in. In addition to the engagement of a Compliance Officer (CO) who is to ensure compliance with the provisions of the law regarding pension matters as well as the internal rules and regulations of any operator,every PFA is also required to maintain a Statutory Reserve Fund into which shall be credited annually 12.5% of the net profit after tax of their investment or as stipulated by PenCom to meet claims. Corporate governance must be strictly adhered to by the PFAs both to buttress the regulatory work of PenCom and because of the massive value of funds under administration.
As at June this year, over N4.3 trillion has been accumulated for the benefit of almost 6 million Nigerians currently registered in the scheme. PFAs have become the centre of great attention by Corporations, State and Federal government who are keen to access part of the funds towards developing our infrastructure which is in a sorry state e.g. most especially roads and electricity. Whichever way you slice it investment of pension fund must be safe.
No doubt we Nigerians want implementation of high impact infrastructure projects accelerated and with these huge sums of accumulated pension funds available, how then can these sums be guaranteed to be there if and when the beneficiaries retire and need their money?
The time has most certainly come for the Government to be directly accountable to the people especially if they are going to dip into their pension funds. They need to know which projects are being funded and for how much.
All in all the new Act has sincerely paved the way for a better pension regime and as we go along further reviews may be required as Section 173 (3) of the 1999 Constitution provides for pension review every five years.

Arsenal must not waste World Cup momentum

 
Alexis Sanchez has been added to Arsenal's German ranks.
A trio of Arsenal players became world champions on Sunday night.
In the wake of Germany's victory over Argentina, joyous scenes unfolded in the middle of the Maracana pitch; Per Mertesacker, a late substitute, danced with surprising dexterity to the sounds of Daft Punk's 'Get Lucky'. Mesut Ozil, who had produced his best display of the competition, had his shirt nabbed by a starstruck Michel Platini. Lukas Podolski, meanwhile, let his young son take penalties in front of the cavorting German fans (see below). The next generation is already being groomed for success.

In France 16 years ago, a flowing move saw Patrick Vieira provide the pass for Emmanuel Petit to score the third goal in Les Bleus' World Cup final victory over Brazil. The next morning, the Daily Mirror ran with the unforgettable headline, "Arsenal win the World Cup".
There will be no such bold claim this time around but the Gunners certainly made their presence felt. The success of Arsenal's German contingent merely adds to the optimistic mood around the club.

Germany's Arsenal contingent of Per Mertesacker, Lukas Podolski and Mesut Ozil pose with the World Cup trophy © Getty Images
Enlarge
It began with the FA Cup win in May. That victory snatched away the albatross that had hung around Arsenal's neck for nine years. As Mikel Arteta said at Arsenal's recent kit launch: "It's a different summer when you win something." Players were able to head off on their holidays with a medal in their cabinet and a spring in their step.
The exceptions, of course, were those players who had business to attend to in Brazil. Jack Wilshere and Alex Oxlade-Chamberlain's FA Cup-high might have been somewhat dampened by England's poor showing this summer. However, most of the Arsenal players involved enjoyed positive tournaments. Olivier Giroud contributed well to the French cause, starring in a resounding victory over Switzerland during the group stage, while Joel Campbell impressed for the Costa Rican upstarts.
And then the Germans. Podolski, Mertesacker and Ozil return to London with another medal for the collection. Winning is a habit and these boys are getting in to the groove. Once they've rested their weary limbs, their return to training will see the scent of triumph continue to linger over London Colney.
Ozil must be particularly delighted. His decision to move from Real Madrid to Arsenal was widely questioned but less than a year later he has won both the FA Cup and the World Cup. It's inevitable that a player with his price-tag and reputation will attract scrutiny, even criticism. However, it's far easier to deflect that carping when you can point to a healthy collection of silverware.
For Ozil and Arsenal, it's very much a case of 'so far, so good' - but it ought to get better. Arsenal fans will hope that next season he takes to the field with the swagger befitting a World Cup winner.
The good mood around Arsenal has been reinforced by the acquisition of another World Cup star, Alexis Sanchez of Chile. A year after Ozil's arrival, the signing of Sanchez signals Arsenal's intention to kick on again. The FA Cup is not enough for this illustrious club. They want to challenge for the Premier League and Champions League and are finally both prepared and permitted to spend big money to do so.
Arsenal are a club with momentum. With Arsene Wenger now due to return from his sojourn in Rio, preparations for the new season will begin to ramp up. Despite the inevitably glowing atmosphere at the training ground, Arsenal still require further reinforcements ahead of the new season. The club must act decisively to ensure that the summer of 2014 is remembered as the start of a glorious era rather than a brief window of respite.