Archive for nigeriang

Electoral body insists on Abacha’s candidacy

Electoral body insists on Abacha’s candidacy

The Independent
National Electoral Commission (INEC), yesterday told a Federal High
Court sitting in Abuja that Mohammed Abacha, the son of late former
military Head of State, Sani Abacha, is the governorship candidate of
the Congress for Progress Change (CPC) for Kano State.

Mr Abacha, through
his lawyer, Abdullahi Haruna, had filed a case demanding that INEC
should not recognise any other candidate for the said election other
than him.

Specifically, INEC
through its counsel, Adegboyega Awomolo in its counter affidavit said
that in compliance with the Electoral Act, the CPC invited INEC to
supervise and monitor its primary election into various offices in
preparation for the forth coming general election in April, 2011. Mr
Awomolo said INEC responded to the request by sending its personnel to
supervise the exercise in Kano State. He said from the results compiled
at the end of the exercise, Lawal Ja’afar Isah scored 78,671 votes;
Rufai Sani Hanga got 45,618 votes; Awalu Anwar scored 30,410; Magaji
Abdullahi scored 5,795 and Mr Abacha scored 144,066. He added that none
of the candidates at the primaries has instituted any suit to challenge
the result of the primaries, neither did they serve any process
challenging the qualification of Mr Abacha.

In the suit filed by Mr Abacha’s, the CPC is 1st defendant, INEC
2nd defendant, and Lawal Ja’afar Isah 3rd defendant. The matter which
is before Gabriel Kolawole, the presiding Judge adjourned to Thursday
24, for adoption of written addresses.

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Victims of Bauchi civil disturbance get relief materials

Victims of Bauchi civil disturbance get relief materials

The Minister of the
Federal Capital Territory, Bala Mohammed, has donated relief materials
worth millions of naira to victims of the recent civil disturbances in
Tafawa Balewa, Bauchi State.

The relief items donated include: 1000 bags each of rice and millet, jerry cans of palm oil, wrappers

as well as bundles of mats.

Over 40 people,
including women and children lost their lives in the disturbances which
broke out on January 24 in Tafawa Balewa. Many shops and residential
houses were also destroyed.

The Police Public
Relations Officer of the Bauchi State Police command, Mohammed Barau
said the problem started at a snooker joint,

The relief
materials were conveyed to the victims on behalf of Mr Mohammed by the
Bauchi State chairman of the Distribution of relief materials, Kaulaha
Aliyu, who urged the beneficiaries to use the items wisely.

The Minister urged
the victims to take their plight as an act of God and manage the little
assistance he rendered to them to alleviate their sufferings.

Meanwhile, the
Congress for Progressive Change candidate for Tafawa Balewa, Dass and
Bogoro Federal Constituency, Umar Jibo, has also donated bags of rice,
maize, mats and wrappers with a pledge to mobilise and bring more
assistance to the victims.

The Deputy
Chairman, Christian Association of Nigeria (CAN), Tafawa Balewa, Daniel
Sharmi and Ward Head of Bununu, Salisu Mohammed, who received the items
on behalf of the victims, thanked the donors and pledged to make
judicious use of the materials.

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700 police ready for Jonathan in Niger state

700 police ready for Jonathan in Niger state

The
police have deployed 700 officers ahead of President Goodluck
Jonathan’s visit to Bida in Niger. Mr. Jonathan is expected to pay a
courtesy visit to traditional ruler, the Etsu Nupe, Yahaya Abubakar, on
Tuesday before flagging off his campaign in Minna. The police area
commander in Bida, Ayo Olatunji, told the News Agency of Nigeria (NAN)
on Monday that police officers had been deployed to strategic locations
to ensure an orderly visit. Mr. Abubakar also appealed to youth in the
area to be calm and not to do anything that would cause any hitches,
stressing that the police would deal with anyone seeking to cause a
breach of the peace.

Meanwhile, a former
minister of information, Jerry Gana, has appealed to Nupe people all
over the country to come home to welcome the president.

“We must all come out to give Mr. President a befitting welcome and convince him to support our demand for Edu State,” he said.

Earlier yesterday,
the People’s Democratic Party (PDP) says it was finalising arrangements
for President Goodluck Jonathan’s successful campaign across the seven
states in the North-West Zone. Baba Lawal-Aliyu, the North West Zonal
Secretary of the party, made this known in Kaduna on Monday in an
interview with the News Agency of Nigeria (NAN).

He said that the presidential campaign train would visit all the states in the zone to canvass for support from the electorate.

“You see, this is a
critical zone to the party because we produced the vice-president and a
host of ministers, ambassadors and other political appointees. Our zone
is also the most populated region in the country with the highest
number of votes.

“That is why the PDP machinery at all levels would not want to take chances or squander opportunities,” Mr. Lawal-Aliyu said.

According to him, the zonal executive committee and zonal working
committee will consider the composition of campaign committees and
itinerary as well as other sundry issues that will make the programme a
success. He urged party members and supporters to remain steadfast,
loyal and law abiding. The zone comprises Kaduna, Kano, Katsina,
Sokoto, Kebbi, Jigawa and Zamfara States. Meanwhile, the PDP has
inaugurated an eight-member reconciliation committee for the zone with
a Veteran Journalist, Abba Dabo, as Chairman. Mr. Lawal-Aliyu said that
an educationist, Suleiman Kauru, would serve as the committee’s
secretary. He said Ladan Shuni, Babajo Funtua, Sule Buba, Samaila
Dankasa, Isa Bahutu and Mohammed Bawa would serve as members. In a
related development, Ibrahim Kazaure, has since assumed duties as the
new zonal chairman of the party with a pledge to refocus and improve
PDP’s fortunes in the North-West zone.

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Jonathan’s spokesman lies about presidential aides

Jonathan’s spokesman lies about presidential aides

A
NEXT investigation has shown that the media assistant to President
Goodluck Jonathan, Ima Niboro, lied when he tried to contest this
newspaper’s exclusive story that President Jonathan hired 133 advisers
and assistants whose wages cost the nation about N780million per annum.
Mr. Niboro claimed in his telephone rejoinder that Mr. Jonathan only
appointed a few aides upon assuming office and that the “majority of
all the names on the list are old names; most of them have been there
since Obasanjo’s time.”

A review of the dates of appointment of
the aides, however, shows that none of the 133 presidential aides, in
the official list as published by NEXT, was appointed during the tenure
of former President Olusegun Obasanjo. Mr. Jonathan appointed 57 of the
aides upon becoming president while the remaining 76 were appointed
while he was the vice president.

Our findings show that Mr. Jonathan,
who assumed office on May 6, 2010, appointed the first set of eight
presidential aides on May 24, 2010. Two weeks later, four aides were
appointed on June 9, 2010. A month later, the first lady got 11
presidential aides, including one of her ladies-in waiting, Justin
Adaba.

Mr. Niboro was also wrong when he said
that he “ignored those enquiries because they did not come through the
state house correspondent.”

The lead reporter of the original
story, Elor Nkereuwem, sent her questions to Mr. Niboro through text
messages when he did not answer his phone. The state house
correspondent for NEXT, Elizabeth Archibong, also sent Mr. Niboro a
reminder. Several attempts were also made by other reporters and
editors to seek Mr. Niboro’s clarification. The presidential spokesman
still did not respond.

Civil society condemns large number of aides

The Human and Environmental Development
Agenda has condemned the high number of presidential aides. Olanrewaju
Suraj, the chairman of the group, stated this in a telephone interview.
Mr. Suraj condemned the position of the secretary to the government of
the federation whose spokesperson stated that “the president has all
the right to choose his assistants and advisers and there is no
constitutional limit to the number he decides upon.”

“If the constitution does not limit the
presidential aides, is that now enough reason to waste taxpayers’ money
for such high number of aides who are largely irrelevant to the growth
of the nation?” Mr. Suraj asked.

We approve presidential aides

But the chairman of the House of
Representatives Committee on Media and Public Affairs, Eseme Eyiboh,
yesterday defended the president’s large number of aides.

“I do know that the president usually sends that request (the number of aides required) to the National Assembly,” he said.

Section 151(2) of the 1999 constitution empowers the National
Assembly to limit the number of presidential aides. “The number of such
advisers and their remuneration and allowances shall be as prescribed
by law or by resolution of the National Assembly,” the law states.

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Court adjourns Alao-Akala nomination case indefinitely

Court adjourns Alao-Akala nomination case indefinitely

Justice Jonathan
Shakarho of the Federal High Court, Ibadan, on Monday, adjourned
indefinitely the hearing of a contempt suit brought against the Oyo
State Governor Adebayo Alao-Akala. The judge said that he was making
the decision on moral grounds, having been accused of receiving N50
million from Mr. Alao-Akala to rule in his favour last week. The case
was brought before the court by Wole Oyelese, Yekini Adeojo, Lekan
Balogun, Azeem Gbolarumi and 33 other members of the People’s
Democratic Party (PDP) in Oyo state to challenge the emergence of the
governor and other nominees as the party’s candidates for the April
polls. The group asked the court to declare that Mr. Akala and the
other candidates’ nominations were products of ‘illegal party
primaries’.

Although the court was to reconvene on Monday to begin the hearing on the contempt suit and substantive matter, Mr.

Shakarho said he would have to wait for a directive from the office of the chief justice of Nigeria, Alloysius Kastina-Alu.

“We can’t go on
with the case by the undoing of some of the plaintiffs,” Mr. Shakarho
said. “I am leaving the case as it is. When there is a directive from
my chief judge, we will go on”.

Yekini Atoyebi, one
of the plaintiffs, had in a petition asked the chief justice to
investigate an alleged induced reversal of an interlocutory injunction
earlier given by Mr. Shakarho. Mr. Atoyebi, in his petition, alleged
that the judge’s body language when he reversed his initial order
restraining the Independent National Electoral Commission (INEC) from
recognizing the governor and others as PDP contestants suggested that
he had made up his mind to tilt the ruling in their favour.

‘What is my business?’

Speaking on the
petition and the implication on his continued sitting over the suits,
Mr. Shakarho said: “Once one person writes against me, we cannot go on.
He (Mr. Atoyebi) said in his last paragraph that, in his view, it was
clear they cannot obtain justice before me. I want another judge to
hear the matter. Can I, in the face of this, go further in this matter?
This case is adjourned sine die. ‘Case yi, o ti ba je’ (This case has
gone bad). They shot themselves on the leg. It is their own case, if
they want to put block on it, ‘ki lo kan mi ni be? (what is my
business?)”, he asked in Yoruba.

Efforts by Sanyaolu Akinyele, one of the counsel to the plaintiffs, to get the court to strike out the name of Mr.

Atoyebi and
continue the case proved abortive. The judge insisted that he would
wait until the chief justice directed him to proceed.

Reaction

Dotun Oyelade,
special adviser to Mr. Alao-Akala on public communications, reacted to
the adjournment, describing it as a sad day for the relationship
between politicians and the judiciary.

“What manner of
politicians are these who will turn the innocent into villains within
the twinkle of an eye because a case did not go their way? Resorting to
cheap blackmail to pervert the course of justice does not augur well
for democracy. We strongly suggest that the National Judicial Council
should investigate this and bring the culprits to book,” he said in a
release to journalists on Monday.

Lateef Fagbemi and Richard Akinjide, counsel to the defendants,
agreed with the court on the indefinite adjournment. An appeal filed by
the plaintiffs against the controversial vacation order has been slated
for Monday, February 28 at the Ibadan division of the Court of Appeal.

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Chief Justice of Nigeria to retire in August

Chief Justice of Nigeria to retire in August

Aloysius
Katsina-Alu, the Chief Justice of Nigeria (CJN), yesterday ended the
controversy surrounding his retirement age by announcing that he would
step down in August this year at the age of 70.

In a press statement, he sought to clarify his position on when he would statutorily step down.

“For the purpose of
keeping the records straight, Katsina-Alu was born on August 28, 1941
and he is due for retirement on 28 August, 2011 when he will clock 70
years.

“There has never
been any controversy over this, as all his records from the date of
birth through all the institutions he attended vis-à-vis the various
organisations he has worked before being elevated to the office of the
Chief Justice of Nigeria have never been different from what they have
always been,” the statement read.

The present
controversy may not be unconnected to the recent saga which involved
the unexpected elevation and reversal of the president of the Court of
Appeal, Ayo Salami. In a move seen to have political undertones, Mr.
Salami had accused the Chief Justice of trying to remove him from
office.

Mr. Salami, in a
letter addressed to Mr. Katsina-Alu, who is also the chairman of the
National Judicial Council, alleged that his planned removal was
initiated during meetings of the Federal Judicial Service Commission
held on February 1 and 2 while he was away at Ilroin, Kwara State.

In the letter,
dated February 4, and addressed to Mr. Katsina-Alu, Mr. Salami alleged
that the action was a validation of months of rumours of his planned
ousting which he had then dismissed as “talk shop gossip” originating
from mischief makers.

Mr. Salami had
dragged Mr. Katsina-Alu and the National Judicial Council (NJC) to a
Federal High Court in Abuja, challenging his unprecedented elevation to
the Supreme Court.

Mr. Katsina-Alu was
reacting to a recent publication over the actual date for his
retirement. This follows perceived discrepancy in the prescribed date
and procedure for his retirement, vis-à-vis, and the convention in the
nation’s judicial system.

Records at the apex
court indicate that the incumbent CJN who was appointed on December 31,
2009, is expected to leave office on August 28, this year.

But observers note
that going by tradition, his tenure is due to elapse by May 28, when he
would have reached the official retirement age of 70 years, as
stipulated for justices of the Supreme Court and the Court of Appeal by
the constitution.

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Inflation edges up

Inflation edges up

The National Bureau of Statistics (NBS) reported last week that
inflation edged up marginally to 12.1 per cent year on year (y/y) in January,
from 11.8 per cent y/y in December, although it was still below the 12.8 per
cent and 13.4 per cent recorded in November and October.

The persistent rise in food prices, globally and locally
notwithstanding, the Bureau’s report states that food inflation dropped to 10.3
per cent y/y (a record low since February 2008), from 12.7 per cent, and 14.4
per cent in December and November. The ‘All items less farm produce” inflation
also increased to about 12.1 per cent from 10.9 per cent in December and 11.7
per cent in November.

Samir Gadio, Emerging Markets Strategist, Standard Bank,
however, noted that it is rather unusual to have a negative food inflation rate
at this month of the year.

“This implies that month-on-month (m/m) food inflation declined
to -0.9 per cent in January, from 0.9 per cent in December and 0.3 per cent in
November; interestingly, a negative m/m food inflation rate is somewhat unusual
in Nigeria this month of the year,” he said, adding that this happened in
January 2007 for the last time.

“In this regard, the negative imported food sub-inflation rate
appears to highlight that Nigeria has until now been somewhat immune to
exogenous pressures associated with rising oil and global food prices, but the
magnitude of the downturn in this category, to -5.6 per cent in January, from
13.7 per cent in December and 15.1 per cent in November, is somewhat intriguing
and will probably require further official clarification,” Mr. Gadio said.

According to him, most of the pressure still continue to
originate from the “Housing, water, electricity, gas and other fuel”
sub-component (16.7 per cent of the CPI basket) which registered a 13.2 per
cent increase, from 13.0 per cent in December and 12.6 per cent in November.

“As such, there was no sign of a tangible structural shift in
core inflation that would be fuelled by the demand side of the economy on the
back of the loose fiscal policy stance, which we think has been offset by a
weak money multiplier and sluggish private sector credit metrics over the past
couple of years,” he further said.

Unpredictable outlook

Mr. Gadio is, however, hopeful that inflation could drop in
February.

“According to our calculations, year on year inflation would drop
in February if month on month consumer prices are below 1.9 per cent. This
looks possible at this stage since such a m/m rate has been recorded only once
in the second month of the year since 2006 (in 2010) and the average of monthly
inflation rates in February between 2006 and 2011 is 1.06.

Mr. Gadio says if this scenario materialises, it would
positively support bond prices, especially as the liquidity ratio is also
increased from 25 per cent to 30 per cent on 1 March by the Central Bank.

“Nevertheless, the slight pickup in consumer prices in January
could still push the Central Bank to moderately hike the Monetary Policy Rate
during its March MPC meeting, as the policy focus has shifted from a recovery
in credit and growth to inflation in recent months,” he said.

Bismarck Rewane, the managing director, Financial Derivative
Company, is of the opinion that the nation’s inflationary threats are distinct
and prominent.

“World banks are shifting their focus away from the main
objective of controlling inflation. Until now, there were split between those
that adopted the explicit inflation targeting framework or implicit,” Mr.
Rewane said.

According to him, the average inflation for 2010 was 13.8 per
cent and the Central Bank’s single digit target was not achieved, though
inflation declined for the 6th consecutive month to 11.8 per cent (y/y) in
December.

“Robust liquidity growth, combined with recovery in bank lending
is expected to cause strong growth in money supply. Inflationary threats remain
real and pronounced,” he said, adding that the increase in minimum wage,
tighter fiscal policy and election spend, sale of the rescued banks, imported
food inflation, among others, are factors that fuel the pressure on the
nation’s inflation echelon.

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FINANCIAL MATTERS: Policing the Central Bank

FINANCIAL MATTERS:
Policing the Central Bank

The Central Bank of
Nigeria’s (CBN) insistence, last year, on banks’ compliance with
section 5.3.10 of its ‘Code of Corporate Governance for Banks in
Nigeria Post-Consolidation’ raised more questions than it answered.

The CBN’s action
provided one answer: by requiring that “non-executive directors should
not remain on the board of a bank continuously for more than 3 terms of
4 years each, i.e. 12 years,” it attempted to address the task of
ensuring both continuity and the injection of fresh ideas into banks’
boards of directors.

The remaining
questions are a lot more, however, and more pressing. Arguably, the
most obvious problem is why it took the apex bank four years between
the effective date for the implementation of its corporate governance
code, and its insistence on the implementation of a key provision of
that code.

Is it the case that
the apex bank had dropped balls on its watch? Troubling though this
likelihood is, it speaks to the huge burden of combining the management
of monetary policy and banking supervision under one roof – a dilemma
that the directors of the IMF recently referred to as the “potentially
conflicting objectives of monetary policy”.

The world over, the
parameters of the arguments for and against this practice have been
altered by the recent global financial and economic crisis. However, a
decision either way in our case must consider two important facts.

First is that
monetary policy management is an inchoate practice here, a fact further
complicated by appalling levels of fiscal illiteracy at the executive
level. The second consideration derives from the venal nature of life
here. Because our default moral setting is a penchant for the easy way,
a regulator’s assignment was always going to be difficult.

However, this
difficulty is the more so when the regulator appears ignorant of its
own rules. This was always an outside explanation for the apex bank,
having dropped the ball on industry compliance with its own corporate
governance code. It, however, became a real possibility recently, when
the newspapers reported the deputy governor, financial system stability
of the CBN, as having hinted at a conference in Lagos, last Wednesday,
that appointments of sufficiently senior bank officials would now be
subject to the apex bank’s authorisation.

The apex bank may
indeed be reforming its operations in order that it can better take on
the task of strengthening the banking industry’s risk management
framework, but I know that banks in the country have regularly reported
promotions to senior levels to the CBN as a matter of course. And that
the CBN has had cause to object to the appointments by some banks into
certain offices of persons whose fitness and propriety for the new
responsibilities it had doubts over.

Is the CBN dropping
the ball because of a failure to read from its own scripts? Something
about how the CBN has proceeded with the authentication of banks’
customer account details nationwide is highly suggestive of a need to
hold the apex bank’s feet closer to the fire.

Why would it treat
work-in-progress the same way we treat voters’ registration here? I
was, therefore, minded to look again at the corporate governance code,
in search of provisions that the industry may currently be in breach
of, despite the fact that “compliance with the provisions of (the) code
is mandatory”.

What about
independent directors? In “civilised” jurisdictions, the position of
the independent director was conceived of in response to the “conflict
of interest” challenge. Increasingly, companies required persons on
their boards who – unburdened by interests in or previous or past
affiliations with the company or its subsidiaries – can discharge their
duties as directors for the exclusive benefit of these companies.

Responding to this need, the apex bank insists in its corporate
governance code that “at least two (2) non-executive board members” of
banks should be independent directors. Now, in the absence of reports
to the effect that the apex bank has sanctioned banks for breaching
this provision, we may safely assume that there are 48 independent
directors on the board of Nigerian banks.This is one of the many stats
on this economy that challenges one’s belief. Why not solve the problem
by requiring banks to list in their annual reports the number of
independent directors; and the nature of their independence?

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Ivorien cocoa growers protest against sanctions

Ivorien cocoa growers protest against sanctions

Several hundred of
cocoa growers chanting anti-European slogans marched to the European
Union (EU) offices in Cote d’Ivoire on Thursday and burned a pile of
cocoa sacks to protest against sanctions crippling the industry.

A pile of several
60-kg sacks of beans were set ablaze as planters carried banners
reading ‘Shame on the EU’ and ‘No to economic slavery’, and gathered
outside the European Union’s Abidjan headquarters in the late morning.

There were no reports of violence. The cocoa industry in the country
is grinding to a halt, partly because of the EU sanctions on incumbent
leader, Laurent Gbagbo, and his supporters after his refusal to quit
power.

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BRAND MATTERS: Celebrities and brand endorsement

BRAND MATTERS: Celebrities and brand endorsement

I have over the
years taken pains to read more about our so called celebrities in the
entertainment and showbiz world. Whenever I read a piece on such
celebrities, I find their portrayal in the pieces of information about
them shocking. Only last week, I read about an actress who said she
flaunts her breasts as the only way to express gratitude to God. Others
are divorced, while some are involved in questionable deals.

Who are
celebrities? It is saddening that in Nigeria, the word ‘celebrity’ is
only limited to people in showbiz, entertainment, music, fashion etc.
However, to me, celebrities are people who have made their marks in
their chosen fields of human endeavour without necessarily having their
private lives splashed on the pages of newspapers. They even make more
impact in promoting brand values and influencing consumers.

A good case in
point is the Intern Reality Show sponsored by Bank PHB where a leading
Advertising practitioner and towering role model, Biodun Sobanjo, was
the moderator. Mr. Sobanjo’s personality rubbed off positively on the
brand and its initiative due to his inimitable clout within the
industry. Several people indicated interest in the programme when he
was announced as the anchor person. This is one man who has proved his
mettle in his chosen field.

Celebrity
endorsement remains a popular tool for marketers; its relevance is
increasing over the years as marketers acknowledge the power of
celebrities in influencing purchase decisions of consumers. This can
bestow special attributes upon a brand. A celebrity can indeed be a
powerful tool in promoting a brand, as s/he brings distinct identity
and added value to it.

However, there
should be a link between the brand and the celebrity. In the case of
Sobanjo, his personality clearly matched the brand, as young men were
tutored on how to make boardroom and business decisions. His own skills
in these were key parameters which qualified him for the task.

It is important to
reiterate that the popularity rating of Bank PHB Intern Show increased
considerably with the presence of Sobanjo, who is synonymous with a
great deal of business acumen and professional expertise. Companies
should see this as a good way to make use of celebrities in enhancing
brand image. There was a higher degree of recall for the intern show
and it equally enjoyed mass appeal while it lasted.

These and many more
are the advantages of celebrity endorsements that are done the right
way. It was also a good public relations campaign for Bank PHB, as the
bank cannot be rated amongst the leading banks. The programme sustained
the visibility ratings of the bank and promoted favourable perception.

There is another
instance of a juice brand that made use of a popular actor, which to me
is not a match for the brand. This is because the celebrity was
situated within the context of fun, entertainment, and excitement for
children. The personality of the celebrity has never been synonymous
with relating with children, even though the area of fun in home video
is noted. Such a brand needs a celebrity that has consistently
associated with children, to influence young ones to connect to the
brand.

Despite all the
enormous benefits of celebrity endorsements, brand managers should be
wary of some celebrities. The fact is that while companies need
celebrities to promote their brands, there is the need to exercise a
great deal of caution. Some celebrities may derogate after endorsing
the brand. There can also be inconsistencies in their professional
ratings. They are human too, and can also create image problems for the
brand.

When the right celebrity is sourced for the brand, it leads to
instant brand awareness, as celebrities define and refresh brand image.

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