Archive for nigeriang

Russia delays UN vote on more troops to Cote d’Ivoire

Russia delays UN vote on more troops to Cote d’Ivoire

The U.N. Security
Council on Tuesday delayed a vote on sending additional troops to Cote
d’Ivoire, where the blue helmeted peacekeepers have been under attack,
due to Russian objections, council envoys said.

The 15-nation
council was set to vote on a resolution to send an additional 2,000
peacekeepers to help the 10,000 U.N. troops and police in the U.N.
peacekeeping mission in Cote d’Ivoire, known as UNOCI. But diplomats
said Russia raised last-minute objections on Tuesday morning about the
language.

“It’s obviously a
delay tactic,” one diplomat told Reuters on condition of anonymity.
Another diplomat said council members would have to satisfy Moscow’s
demands in order to get the resolution approved.

“We need Russia on
board,” the diplomat said. “We have to listen to them.” He added that
he hoped the council would vote on the troop increase on Wednesday at
the latest.

British Ambassador
Mark Lyall Grant confirmed that Russia, whose oil giant Lukoil is
exploring for crude in Cote d’Ivoire, had issues with the draft
resolution. “They want a delay in the vote,” he told reporters ahead of
a council meeting. Alassane Ouattara is widely recognized by Western
and African governments as president-elect of Cote d’Ivoire, after the
electoral commission proclaimed him winner of the Nov. 28 presidential
poll. The results were certified by the U.N. mission but rejected by
incumbent Laurent Gbagbo.

Gbagbo has refused to resign and retains control of government buildings, state television and the security forces, while Ouattara’s parallel administration is based in a U.N.-guarded hotel under siege by pro-Gbagbo forces.

Russia, like the
United States, Britain, France and China, is a permanent veto-wielding
council member and can prevent the passage of any Security Council
measure. The resolution, which was drafted by the French, has already
been amended to accommodate Russian objections regarding the explicit
naming of Ouattara, diplomats said.

A Jan. 12 draft
text welcomed declarations of the African Union and west African
regional organization ECOWAS recognizing Ouattara as the president of
the world’s top cocoa producer. The latest version does not mention
Ouattara by name. Reuters obtained both draft resolutions.

One diplomat said
that Russia’s objections to the language “appeared minor on the
surface.” The Russian delegation had asked to reorder several
paragraphs and add language on “freedom of expression,” several
diplomats said.

“They’re not substantive objections,” a diplomat said. “So we’re
really not sure what they are trying to accomplish. The Russians have
been causing problems on Cote d’Ivoire from the beginning because they
think we shouldn’t take sides.”

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ACN leader visits Osun State secretariat

ACN leader visits Osun State secretariat

Almost eight years
after his exit from the Osun State government secretariat, a former
governor of the state and national Chairman of the Action Congress of
Nigeria, Adebisi Akande yesterday returned to the Bola Ige house,
government secretariat, Osogbo where he rededicated the governor’s
office constructed by his administration with a call on the people of
the state to support the present administration in its bid to right the
wrongs allegedly committed by the immediate past administration of
Olagunsoye Oyinlola.

The administration
of Mr Akande, who served as governor of the state between 1999 and
2003, started the construction of the governor’s office which houses
the offices of the governor, deputy governor, secretary to the state
government, chief of staff to the governor and top civil servants in
2001 and completed it in 2003 towards the end of his tenure.

However, Mr Akande
did not have the opportunity of occupying the office before his
administration ended and he lost to Olagunsoye Oyinlola of the People’s
Democratic Party (PDP) in the 2003 governorship election.

Amidst rousing
ovation from a gathering of civil servants and politicians, the former
governor who described his four-year-tenure as a period of sacrificial
service to his state, noted that he constructed the much praised state
secretariat with the meager resources at the disposal of the state
during his tenure.

Ethos of prudence and accountability

While recounting
how he governed the state, Mr Akande said prudence, transparency and
accountability were his watchwords, adding that the achievements
recorded by his administration created a niche for him in the country.

As a committed
disciple of Obafemi Awolowo, Mr Akande said he followed the legacies of
the late statesman and his mentor, Bola Ige in running the affairs of
the state.

“When I came on
board as the governor of Osun State in 1999, there was paucity of fund
and resources in the state. We were living at a building built by the
late Awolowo, and we were happy, since we believe we were elected to
serve and not to enjoy the luxury of office. There was no money to
cater for the needs of the people of the state, but God helped us and
we succeeded at the end of the day,” he said.

He advised the
incumbent governor, Rauf Aregbesola to reduce extravagant spending if
he wants to succeed in office, and enjoined the governor to give
agriculture priority, saying the state could be more developed than
others if the agricultural sector is well developed.

Describing Mr
Aregbesola’s administration as a replica of his government, Mr Akande
urged the governor to construct a new government house at a serene
location within Osogbo, the state capital.

He described the immediate past administration as “a parasite which
has been cut off from the state” and called on the people to support
the present administration.

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Tunisia coalition hits trouble as new government collapes

Tunisia coalition hits trouble as new government collapes

Tunisia’s new
coalition government hit trouble on Tuesday when four ministers quit
and an opposition party threatened to walk out, undermining efforts to
restore stability and end unrest on the streets.

Prime Minister
Mohamed Ghannouchi brought opposition leaders into the coalition on
Monday after president Zine al-Abidine Ben Ali fled to Saudi Arabia
following weeks of street protests. But key figures from the old guard
kept their jobs, angering opposition members of the coalition and
street protesters.

Police in Tunis
repeatedly used teargas in an attempt to break up a protest by several
hundred opposition party supporters and trade unionists who labelled
the new government a “sham”.

Several hundred people also protested against the new government in Monastir, south of Tunis.

The weeks of
protests against poverty and unemployment in Tunisia which forced Ben
Ali from office prompted fears across the Arab world that similarly
repressive governments might also face popular unrest.

Abid al-Briki of
the Tunisian labour union UGTT said its three ministers would withdraw
from the government because it included members of Ben Ali’s RCD party.

“This is in response to the demands of people on the streets,” Briki said.

The ministers were
given junior positions in the 23-member cabinet, including Houssine
Dimassi, nominated for the training and employment portfolio, and two
ministers of state, Abdeljelil Bedoui and Anouar Ben Gueddour.

The opposition
Ettajdid party will pull out of the coalition if ministers from Ben
Ali’s RCD party do not give up party membership and return to the state
all properties they obtained through the RCD, state television said.

Ettajdid leader Ahmed Ibrahim was named minister of higher education.

Opposition Health Minister Mustafa Ben Jaafar also resigned over the presence of RCD members in the cabinet, his party said.

On the streets, protesters insisted that ministers who had served Ben Ali had no place in the government.

“The new government is a sham. It’s an insult to the revolution that claimed lives and blood,” said student Ahmed al-Haji.

“The problem with
the interim government is it has a number of ministers from the old
government,” protester Sami bin Hassan said.

Reforms promised

Ghannouchi
defended his government, saying some ministers had been kept on because
they were needed in the run-up to elections, expected in the next two
months. The prime minister said the ministers of defence, interior,

finance and foreign affairs under Ben Ali would keep their jobs in the new government.

“We have tried to
put together a mix that takes into account the different forces in the
country to create the conditions to be able to start reforms,”
Ghannouchi told Europe 1 radio.

Ghannouchi rejected suggestions that the Ben Ali “dictatorship” would continue under a new guise.

His foreign
minister, Kamel Morjane, said during a visit to Egypt that the interim
government would respond to issues that had angered protesters, such as
corruption, and would be preparing for new elections.

“It may be possible that the next government will not have any member of the former government,” he said.

Paris-based opposition leader Moncef Marzouki arrived at Tunis airport to be met by 200 cheering supporters.

“The revolution must continue,” Marzouki, who went into exile after being harassed by Ben Ali’s intelligence services, said.

In Tunis on
Tuesday, people in several parts of the city reported hearing sporadic
gunfire overnight but there was significantly less gunfire than on
previous nights.

A Reuters
photographer in the Ariana suburb of Tunis said local people were
organising neighbourhood groups to clean up the damage left by several
days of lawlessness.

The government
says at least 78 people were killed in the unrest, and the cost in
damage and lost business was $2 billion. Ghannouchi promised to release
all political prisoners and to investigate those suspected of
corruption Those behind the killing of demonstrators would face justice.

An Egyptian man
set himself on fire in Cairo and another one tried to follow suit,
echoing an act of self-immolation in Tuni sia that triggered the mass
protests that ousted the president. Similar cases have been reported in
Algeria and Mauritania. The wave of protests has hit stock and currency
markets from Jordan to Morocco amid fears that the Tunisian unrest
would spread abroad.

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Ogun UNPP governorship candidate seeks police protection

Ogun UNPP governorship candidate seeks police protection

The gubernatorial
candidate of the United Nigeria Peoples Party in Ogun State, Jacob
Olurin Adeogun, yesterday called on the police command to provide him
adequate security, alleging that his life was under threat, after his
victory at his party primaries. Talking to NEXT in Abeokuta, Mr Adeogun
said he has become a victim of nocturnal calls from people he called
“suspected assassins”, who he claimed have continued to harass him,
intimidate him, and equally sending messages to his friends to advise
him to step down from the race. Mr Adeogun was recently elected as the
flagbearer of the UNPP.

Mr Adeogun who said
he brought the party to the state over 11 years ago and served as its
secretary before his victory at the party’s primaries for the oncoming
April poll, lamented that, “The situation he [was] facing [was]
pathetic” and called for police protection before it got too late.

“This is very
pathetic,” he said. “I now move from one place to another. I can’t go
home straight, I have to be moving round before getting to my house.
Attempt on my life has political colouration and undertone, my
underground political campaign has become a threat to my opposition,”
he further alleged. He therefore appealed to the police authorities to
rise up to the challenge of protecting his life.

“The police are paid to protect the citizens, and I am one of them,” he concluded.

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Party condemns establishment of new universities

Party condemns establishment of new universities

The All Nigeria
Peoples Party (ANPP) has criticised the federal government for planning
to establish nine new universities instead of equipping and improving
the existing institutions.

The national
chairman of the party, Ogbonnaya Onu, who said this in Abuja, also
stated that the country may find it hard to develop if issues relating
to the improvement of the lives of the people are not addressed. The
federal government had recently awarded the contracts for the
construction of new universities in all the nation’s six geo-political
zones.

Mr. Onu, in his
reaction, regretted that none of the nation’s universities is ranked
amongst the top 3000 universities in the world. He also lamented that
out of 1.2 million students that apply for the Joint Admission
Matriculation Board (JAMB) examination, only 200,000 get admitted into
the 93 Nigerian universities annually.

“So far, the
federal government has not made any serious efforts to rebuild its
existing universities to even meet the standard of the poor,” Mr. Onu
said.

“The ANPP is
worried and indeed highly disturbed that if the right mix of policies
is not adopted, the sad experience of the past will be repeated. We do
not want a situation where the establishment of these nine new
universities would only end up in the diversion of resources away from
adequately maintaining existing ones,” he further said.

While receiving the
officials of the National Association of Niger Delta Students (NADS)
led by its national president, Lucky Emonefe, yesterday, the ANPP boss
affirmed that Nigeria would get sustainable development only if the
issues of the Niger Delta are finally addressed.

“We cannot talk of
development of Nigeria if we do not address the problems facing the
people of the Niger Delta and built their infrastructure,” he said.

Mr. Onu said that
if the ANPP forms government at the centre, the region would be given
commensurate priority. He advised the students to embrace peace, and
not be allowed to be used in political violence.

Mr. Emonefe, who
later presented the ANPP boss with an award for conducting primaries
devoid of violence, said the opposition party has given a lot of youth
in the Niger Delta the chance to contest on the party’s platform,
adding that many of them won the posts they contested for.

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Multiple litigations necessitated Nwodo’s sack, says Jonathan

Multiple litigations necessitated Nwodo’s sack, says Jonathan

President Goodluck
Jonathan on Tuesday said that the termination of the appointment of
Okwesilieze Nwodo as the national chairman of the Peoples Democratic
Party (PDP) was as a result of the “encumbering litigations” against
the party head.

Speaking to
journalists at the presidential wing of the Murtala Muhammed Airport
(MMA), Lagos, upon arrival from Abuja, Mr. Jonathan disclosed that the
court cases against the party chairman were becoming too many for the
party, adding that the litigations dragged the party backwards.

“The party is tired
of all these litigations and it does not want to be dragged into the
mess, that is why he has to step aside so that the party can manage its
affairs,” he said.

Mr. Jonathan
explained that the party is preparing for the forthcoming general
elections and will not entertain issues that will pull it back, as he
noted that the PDP is working on forwarding the names of candidates to
the Independent and National Electoral Commission (INEC).

Mr. Nwodo,
according to reports from the emergency meeting held by the PDP in
Abuja on Tuesday, resigned his post as the national chairman of the
party and is expected to face disciplinary actions following his
conduct at the proceedings of the presidential primary of the party,
despite a court order restraining him from acting as the party’s
helmsman.

The president, however, disclosed that Mr. Nwodo remains a senior official of the party.

“He is still a senior member of the party and we have a lot of respect for him,” he said.

On voter registration

Speaking on issues
pertaining to the ongoing registration of voters in the country, Mr.
Jonathan said that INEC is working hard to fix the problems associated
with the machines.

“A lot of Nigerians
are undergoing registration and a lot of them are enthusiastic about
the process, but we have problems with the machines and INEC is looking
at it. I do not want to speak for them; it is an independent body, it
can speak for itself, it has been given maximum freedom to do what is
right , I pray that the faulty machines will be fixed by God’s grace,”
he said.

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Idols sing their hearts out

Idols sing their hearts out

Last week’s group
of ten on the Nigerian Idol showcased some of the best contestants the
show has so far presented, which is somewhat tricky, considering that
only two will get to stay. At least five were unquestionably superb.

The contestants
have gotten better each week with undeniably powerful voices, but a lot
still needs to be done in the area of stage presence. Only one or two
managed to pull off a convincing interpretation of the songs they were
given to sing. Adetoun who rendered a Whitney Houston number, ‘I Have
Nothing’, in her beautiful alto, performed it more like a war song,
instead of the heartfelt plea that it was supposed to be.

For some weird
reason, Chioma who sang Toni Braxton’s ‘Unbreak My Heart’ was
horrendously off-key despite her strong voice. My favourites were
Kesiena, Amaka, Rachel and Emmanuel. Kesiena sang Chris De Burgh’s
‘Lady in Red’ and managed to get Audu Maikori, who once admitted to
hating the song, to suddenly fall in love with it. He also displayed
great control over what could have easily been a passable voice,
moulding it around the song and came out sounding better than some of
the others who had more classic voices.

Rachel simply put
sent shivers down my spine with a tune made popular by Shirley Bassey.
Once again, Yinka Davies’ ear for jazz and the blues, a genre in which
she has managed to distinguish herself, was once again displayed as she
gave kudos to contestants who managed to pull off songs in this genre.
Leonard’s performance of Frank Sinatra’s ‘Fly Me To Moon’ song threw
Davies into a state of orgasmic laughter after which she declared her
love for the dapper young man.

After witnessing this bevy of talents, it felt kind of sad to know
that their fate lies in the hands of voters and no longer the judges.
With this particular group of ten, it would have been better that the
judges choose the two that got to carry on. Seeing from the past weeks,
the contestants with the best voices/performances often do not get to
move further up in the contest. Nina and Emmanuel triumphed in the
viewers’ votes and will now join the top ten. Hopefully, the best
voices will make it through this week.

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In praise of Sade Adu

In praise of Sade Adu

Sade Adu is
arguably Nigeria’s most successful musician; having sold over 60
million records; and with two Grammy awards to show for her efforts as
an entertainer, songstress and bandleader.

Born on the January
16, 1959 in Ibadan, Oyo-State, she first came to the limelight in 1984
when her band ‘Sade’, comprising musicians Andrew Hale, Stuart
Mathewman and Paul Denman released their debut album ‘Diamond Life’.
The album came packed with hit tracks such as ‘Smooth Operator’, ‘Hang
on to your Love’ and ‘Your Love Is King’. The band won a Grammy award
in the Best New Artist category in 1985. Her impressive career received
another boost in 1986 when she released ‘Promise’, which had the
worldwide hit single ‘The Sweetest Taboo’, making her and the band the
largest selling debutant of British origin. She is the most successful
solo female artist in British history; and was one of the iconic
performers of the historic Live Aid concert, held at Wemble Stadium in
1985.

In 1992, she
released the album ‘Love Deluxe’ that included tracks such as No
Ordinary Love. The year 1994 saw the release of ‘The Best of Sade’, a
compilation of hit singles produced by the songstress and her band over
the years. After an eight-year hiatus she came out with ‘Lover’s Rock’
(2000), which won a Grammy for “Best Vocal”. Her latest effort,
‘Soldier of Love’, released last year, has enjoyed a huge success,
despite the fact that nothing had been heard from Sade in recording
terms for a decade. ‘Soldier of Love’ topped the music charts in 14
countries, selling 1.5 million copies worldwide in its first week of
release, 500,000 of it in the US alone, where the singer is revered as
an inimitable icon, especially among the Hip-Hop community.

Sade has insisted
that she is not in a hurry to release albums after album. “I only talk
when there’s something to be said,” she once remarked. She was honoured
with the Order of the British Empire (OBE) by Queen Elizabeth II, in
2002. Her visit to the palace to receive the medal, is reputed to be
the last public appearance made by the famously reclusive singer whose
allure and mystique never seems to wane.

Sade was well
connected with her roots in Ikere- Ekiti until the demise of her
father, Bisi Adu, a professor of Economics in 1986. Her mother Anne
Hayes was an English nurse. The young Sade and her elder brother Banji
were relocated to England by their mother when the relationship between
the parents broke down. Thus the future Grammy award winner grew up in
rural England, Essex to be precise, in the South East. She came
face-to-face with racism, and learnt how defend herself with jabs of
her own.

Her successful
musical career has been at variance with her private life. Her marriage
to the Spanish film director Carlos Pliego ended in the mid nineties;
she had her only childer, Ila, with Jamaican songwriter Bob Morgan in
1996. Sade now lives in the English countryside with Ian Watts, a
former Royal Marine. She told the British press last year that her
mother introduces Watts as “‘Sade’s current boyfriend’, like he was on
a conveyor belt, or something.”

As Sade turns 52 today Sunday, January 16, 2011, this is a worthy tribute to Nigeria’s greatest gift to Rhythm and Blues.

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Cheers for Father of Highlife at 80

Cheers for Father of Highlife at 80

Wisdom dictates
that one flees when evil approaches but people paid no heed to this on
Sunday, January 9. They embraced, ate, drank, danced and congregated
round the ‘Evil Genius’ of Highlife music, Victor Abimbola Olaiya. The
Highlife All Starts Club chose that date to honour one of their most
illustrious members. Olaiya had clocked 80 on December 31, 2010.

The Highlife All
Stars were there in force: the ageless Fatai Rolling Dollar, Alaba
Pedro, Duro Ikujenyo, Anjola Aboderin, Eji Oyewole, Orlando Julius and
his wife, Latoya Aduke. Patriarch of the Arts, Segun Olusola; Femi Esho
of Evergreen Music; newspaper columnist, Benson Idonije; flutist
Tee-Mac; and actor, Dejumo Lewis. Younger musicians affiliated to the
genre were not exempted. Yinka Davies, Nomoreloss, and Jojo Bodybeats
also came to pay homage to Olaiya, the inimitable artist.

One of the younger
generations of Highlife musicians, Roy Olokungboye and his De Afro
Classique Projectors entertained while guests awaited the arrival of
the celebrant. Olokungboye opened with some Afrobeat instrumentals
before launching out with Fela’s ‘Kolomentality’. The fast paced ‘Se e
o mo?’ from the artist’s album came next and was followed by ‘We Need
Freedom’.

“Nobody will give
us freedom, we have to set ourselves free,” Olokungboye noted after the
song lambasting Nigeria’s thieving politicians.

Profitable talent

Clutching his
ubiquitous trumpet, Olaiya walked into the venue in company of Rolling
Dollar, Olusola, Tee-Mac and others some minutes after 6pm while
Olokungboye was doing Fela’s ‘No Agreement’. The show, which had
commenced an hour behind the advertised 4pm, began in earnest
thereafter. Olaiya’s All Star Band rendered three of the maestro’s
timeless tracks including ‘Omo Pupa’ and ‘Kiriji Kenkeluke’ while
guests signed the birthday card specially made for the occasion.

“We have looked
forward to the birthdays of our members since the inception of the
club,”disclosed Bambo Ademiluyi, one of the coordinators of the
Highlife All Star Club, who welcomed guests. He recalled that the
London-based Tunji Oyelana was celebrated when he attained the age of
70 late 2009 while it was the turn of Alaba Pedro last year. He also
touched on what the club is about.

Chair of the event,
Olusola, reiterated why Olaiya deserved the honour being accorded him,
noting that “we must honour him first before the world will honour
him.” Olusola ended his address with a prayer for longevity for Olaiya.
“80 is good, but not good enough. We are praying that we are around
when he marks his 85th and 90th birthday.”

Grandfather of Afrobeat

Columnist Idonije’s
toast was preceded by ‘Cherry Koko’, another Olaiya song from the band.
The music writer adduced two reasons why the man some call ‘the
innovator’ deserves all the accolades. The fact that Olaiya clocked 80,
an age not easy to reach, especially for musicians, and his continued
relevance to music in Nigeria, Idonije noted, made him worthy of
celebration. Idonije said that despite setting up his band in 1954, the
Octogenarian continues to wax strong and continues to attract
accolades.

He further
described Olaiya as the father of Highlife music in Nigeria, adding
that but for him, “Highlife won’t be known in Nigeria. Ghana would have
continued to claim the credit; but only the name came from Ghana.”

Idonije, who also
touched on Ghanaian, E.T Mensah and Olaiya’s collaborative
relationship, noted that the latter influenced generations of musicians
including Fela. He said that Fela’s style in the early days when he
played Highlife was Olaiya’s style and that while Fela is credited with
originating Afrobeat, Olaiya is the godfather of Afrobeat because of
his influence on Fela. He prayed that the ‘Mo fe mu’yan’ crooner lives
till 90 and beyond.

Latoya vs Tee-Mac

Olaiya went down
memory lane in his response to the toast. Still clutching his trumpet,
he thanked Olusola and Idonije for their kind words. He also told the
gathering that he and Idonije clashed and fell out some 40 years ago
but thanked God that they are now best of friends.

“Today is a happy
day in my life. It is a wonderful evening, an extension of my 80th
birthday celebration,” said the celebrant who also thanked and prayed
for his professional colleagues. “You will clock 80, 90 and 100!”, he
said. A resounding ‘amen’ naturally followed.

A mini drama was
staged before, during and after the cutting of the birthday cake.
Veterans including Olusola, Rolling Dollar, Pedro, Julius and Aboderin
amongst others joined the celebrant and his wife, Victoria, in cutting
the cake. A long happy birthday song lasting almost 15 minutes then
started. Lewis, Tee-Mac, Jojo Bodybeats, Yinka Davies, Oyewole, Rolling
Dollar, Latoya Aduke and Nomoreloss all sang and danced to the song
with Olaiya joining in later with his trumpet.

Julius, a
saxophonist confirmed his mastery of the instrument with a long,
pulsating display of sound while his dancer wife and Tee-Mac provided
another spectacle. The duo did a mixture of tango, ballroom dance and
traditional ‘Owambe’ to the admiration of the crowd. But more was to
come from Latoya Aduke who wowed the gathering when her husband and
Aboderin sang his popular ‘Jagua Nana’.

Dejumo Lewis, the
king in ‘Village Headmaster’ is a known actor but it appears he also
moonlights as a singer. He and Olusola started ‘Omo Oniresi’ before
Olaiya joined them. Olaiya’s band led by Bayode, his banker son who got
married the previous day, also joined in the merriment before leaving
the stage for Rolling Dollar.

Though released
years ago, Rolling Dollar’s ‘Won Kere si Number’ has lost none of its
appeal. What made it more unique at the occasion was the way the
minstrel sang it for his ‘aburo’ (younger brother). He did it in the
best tradition of the Yoruba praise singer, eulogising Olaiya, himself
and praying for the celebrant.

“Rolling Dollar,
olohun arere, agbalagba to nse bi omode” (sonorous voiced Rolling
Dollar, old man acting like a young man), he said at a point to hoots
of approval from the crowd. The tireless Latoya Aduke also danced
during Rolling Dollar’s performance.

The Evergreen Band added to the fun with Olaiya’s popular ‘Bisi’ and
one of Fela’s early Highlife numbers. They took the audience back to
the swinging 60s with a song from Trinidad and Tobago. Couples, Julius
and Latoya and Rolling Dollars and his wife who held themselves tightly
while the song was on were a sight to behold. Alaba Pedro and some
others later rounded up the party for the ‘Evil Genius’.

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‘We will use corrective measures’ says Sanusi

‘We will use corrective measures’ says Sanusi

The Central Bank
Governor, Lamido Sanusi, has said that the bank will not hesitate to
use corrective measures on its regulated institutions who default its
guidelines.

“If we say we will
do something, we will do it, you all saw what we did with the banks,
the microfinance banks and we will do it to all regulated institutions”
Mr Sanusi said adding that institutions that are not compliant with
laid down guidelines would not be certified, or have their
certifications withdrawn.

Mr Sanusi said this
at the official commissioning of Superflux International Limited’s
factory in Lagos yesterday. He said the Central Bank was making moves
to help the real sector of the economy despite criticisms that it is
not its duty to be directly involved in addressing challenges of the
real sector.

He said the
Superflux project was funded from the Central Bank and Bank of Industry
packages, though the banks helped set the project rolling in the first
place. “This is one company, I am confident that in due course we would
see more others make use of our (CBN and BOI) initiatives. It is our
collective responsibility to provide support for our industry”.

Evelyn Oputu, the
Managing Director, Bank of Industry said the bank’s mission is about
value addition. Mrs Oputu urged banks to also look out for individuals
and companies with integrity, potentials and value that they can loan
money to.

Tokunbo Talabi, the
president and CEO of Superflux International Limited, stated that
though it has taken a while for the company to get to its present
position, he is optimistic that things will get better.

“There are still
challenges. We have inadequate infrastructure, which we all know, and
having to face the fact that some people believe nothing good can come
out of a local structure. Funding is also another issue” Mr Talabi said.

He said it took him 35 minutes to convince his former boss at Guarantee Trust Bank on why he needed funds from the bank.

“Bank Of Industry’s
initiative is a needed catalyst for economic growth” he said, adding
that “Superflux was birthed to constantly stir up stereotypes,
dormancy, and status quo with the sole aim of finding new and improved
ways of handling situations. We have an overwhelming obligation to be
accountable to our customers and to meet their expectations.”

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