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US says Osama bin Laden unarmed when shot dead

US says Osama bin Laden unarmed when shot dead

Osama bin Laden was
unarmed when US special forces shot and killed him, the White House
said, as it tried to establish whether its ally Pakistan had helped the
al Qaeda leader elude a worldwide manhunt.

Pakistan faced
national embarrassment, a leading Islamabad newspaper said, in how to
explain that the world’s most-wanted man was able to live for years in
the military garrison town of Abbottabad, just north of the capital.

Islamabad vehemently denies it gave shelter to bin Laden.

“There is an
intelligence failure of the whole world, not just Pakistan alone,”
Prime Minister Yusuf Raza Gilani told reporters in Paris. “(If there
are) … lapses from the Pakistan side, that means there are lapses
from the whole world.” The revelation that bin Laden was unarmed
contradicted an earlier US account that he had participated in a
firefight with the helicopter-borne American commandos.

Al Arabiya television went further, suggesting the architect of the 9/11 attacks was first taken prisoner and then shot.

“A security source
in the Pakistani security quoted the daughter of Osama bin Laden that
the leader of al Qaeda was not killed inside his house, but had been
arrested and was killed later,” the Arabic television station said.

White House
spokesman Jay Carney on Tuesday cited the “fog of war” – a phrase
suggested by a reporter – as a reason for the initial misinformation.

Bin Laden’s killing
and the swift burial of his body at sea have produced some criticism in
the Muslim world and accusations Washington acted outside international
law.

“The Americans
behaved in the same way as bin Laden: with treachery and baseness,”
Husayn al-Sawaf, 25-year-old playwright said in Cairo. “They should’ve
tried him in a court. As for his burial, that’s not Islamic. He
should’ve been buried in soil.”

But there has been
no sign of mass protests or violent reaction on the streets in South
Asia or the Middle East, where Islamist militancy appears to have been
eclipsed by pro-democracy movements sweeping the region.

Washington will
weigh sensitivities in the Muslim world when it decides whether to
release photographs of bin Laden’s body which could provide proof for
skeptics of his death.

Bin Laden was shot
in the head. “It’s fair to say that it’s a gruesome photograph,” Carney
said. “I’ll be candid. There are sensitivities here in terms of the
appropriateness of releasing photographs.”

Pakistan has
welcomed bin Laden’s death, but its foreign ministry expressed deep
concerns about the raid, which it called an “unauthorized unilateral
action.”

The CIA said it
kept Pakistan out of the loop because it feared bin Laden would be
tipped off, highlighting the depth of mistrust between the two supposed
allies.

US helicopters
carrying the commandos used radar “blind spots” in the hilly terrain
along the Afghan border to enter Pakistani airspace undetected in the
early hours of Monday.

The Pakistani
newspaper Dawn compared the latest humiliation with the admission in
2004 that one of the country’s top scientists had sold its nuclear
secrets. “Not since Abdul Qadeer Khan confessed to transferring nuclear
technology to Iran and Libya has Pakistan suffered such an
embarrassment,” it said.

The streets around
bin Laden’s compound in Abbottabad remained sealed off on Wednesday,
with police and soldiers allowing only residents to pass through.

“It’s a crime but
what choice are you left with if I’m not handing over your enemy who is
hiding in my house?” said Hussain Khan, a retired government official
living nearby, when asked about the apparent violation of Pakistan’s
sovereignty. “Obviously you will go and get him yourself.”

Unarmed resistance

Carney insisted bin Laden resisted when U.S. forces stormed his compound in the 40-minute operation. He would not say how.

“There was concern
that bin Laden would oppose the capture operation and, indeed, he
resisted,” Carney said. “A woman … bin Laden’s wife, rushed the US
assaulter and was shot in the leg but not killed. Bin Laden was then
shot and killed. He was not armed.”

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Government bickers with National Assembly over budget deficit

Government bickers with National Assembly over budget deficit

The
federal government said it plans to cut budget deficit from 4.1 percent
of deficit recorded last year to about 3.6 percent in 2011. Bright
Okogwu, director general in the budget office said the determination to
achieve this cut is at the heart of the non passage of the 2011 budget
into the second quarter of the year.

The
federal government had sent a budget proposal of N4.23 trillion to the
National Assembly for consideration. Out of this amount, N2.48 trillion
or 58.8 percent was earmarked for recurrent expenditure while N1.01 was
for capital expenditure. This figure was upped by 17.7 percent to N4.97
trillion, an increase of over N745 billion by the legislators, thereby
inflating the budget above the threshold set by government.

The
President had based his estimates on crude oil benchmark of $65 per
barrel which was raised to $75 by the Senate which also increased the
allocation to the National Assembly from N111.24 billion to N 232.74
billion, representing 4.7 percent of the total budget.

Trimming the budget

Answering
questions yesterday on the delay in the passage of the budget at the
regional economic outlook summit organised by the International
Monetary Fund (IMF) in Lagos, Mr Okogwu said the executive was still
meeting with the lawmakers on ways of trimming the budget to acceptable
level.

“We
are currently in negotiation with the National Assembly. The idea is to
restructure the budget. We believe that it needs to be changed to some
extent. As part of the fiscal consolidation, we proposed a budget
deficit of 3.6 percent of GDP (Gross Domestic Product) which means that
in reality, we are looking to come to about 3 percent of GDP.” He said
part of the fiscal consolidation of government includes improving the
revenue generation side and to block leakages. “What came out was about
4.1 per cent and that is why the minister for finance has said the
budget is not implementable. We had a meeting with the leadership of
the National Assembly and we have agreed that the budget will be
amended to some extent to a level that will fit in with our suggestion
about fiscal consolidation. The idea is not to spend all that comes to
you but to save some for the future years when things may not be so
good and for future generation,” Mr Okogwu said.

He
admitted that the election programme also affected the budget
negotiation adding that now that the elections are over, the parties
would return to finding the middle ground.

Increase interest rates

In
its outlook, the IMF said sub-Saharan African countries need to
increase interest rates in order to encourage foreign investment
inflows and stimulate growth, in the aftermath of the global financial
crisis. Abebe Selassie, divisional chief, African department of the IMF
said though many countries in the region have demonstrated resilience
during the crisis, it was time for them to move ahead. “Fiscal policies
should move away from supportive stance to more neutral stance. Rates
have been accommodative but now that there is recovery, rates should be
more neutral,” he said.

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Foreign investment in Africa to reach $150b by 2015

Foreign investment in Africa to reach $150b by 2015

Africa could
attract billions of dollars in new investment over the next few years
as emerging market investors search for higher returns and foreign
perceptions of risk improve, Ernst & Young said on Tuesday.

The global
accounting firm said in a report titled “It’s time for Africa” that
foreign direct investment (FDI) into the continent was forecast to
reach $150 billion by 2015 from $84 billion in 2010, driven by strong
growth in new projects from next year.

Ernst& Young
surveyed over 562 global executives on where they would invest over the
next decade and 42 percent of them were considering investing further
in Africa while an additional 19 percent confirmed maintaining
operations in the region.

The report said the
continent was becoming increasingly attractive to international
investors planning new developments and expanding existing ones and
that perceptions were becoming increasingly positive over the longer
term.

It identified Asia as the only continent ahead of Africa in terms of investors’ perceptions.

“While Africa’s
challenges are well documented, there is an increasing recognition that
the continent is on an upward trajectory; economically, politically and
socially,” Ernst & Young’s said in its 2011 Africa attractiveness
survey.

It projected GDP to
grow to $2.6 trillion by 2020 from $1.6 trillion in 2008 and consumer
spending to increase 62 percent to $1.4 trillion over the same period.

Investors’ interest

Key sectors
targeted by investors include consumer products, construction,
telecoms, financial services and mining and metals — perceived to have
the highest growth potential over the next few years.

The survey showed
emerging market investors were positive about Africa’s attractiveness,
viewing the region as critical to their own growth, while developed
markets investors were cautious, saying that the region still needed to
develop further.

The African
continent, home to one billion people, had long been ignored by
international investors who only thought of the region in terms of
political instability and corruption.

But as the majority
of the 54 countries which make up Africa embrace democracy and install
reform-minded governments, analysts say the world’s poorest continent
and least tapped frontier markets could fast become a diamond in the
rough.

Ernst& Young
said investments in the continent by African countries grew 21 percent
between 2003-2010, but actual amounts were less than invested by other
emerging economies.

It highlighted the
high levels of risk involved in investing in Africa but said the
profitability levels compensated for the risk and that some sectors had
little competition.

“Despite the
improving perceptions of Africa, it is in competition for the
international capital and resources that will help drive and sustain
growth and social development,” it said.

“It is currently ranked in the same category as Latin America and Eastern Europe in terms of attractiveness for investors.”

REUTERS

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Stock Exchange’s new executive director resumes

Stock Exchange’s new executive director resumes

The Nigerian Stock
Exchange (NSE) yesterday announced that Adeolu Bajomo, the newly
appointed executive director in charge of the Exchange’s Market
Operations and Information Technology Department, has resumed duty.

The Exchange’s
spokesperson, Wole Tokede, said Mr Bajomo’s resumption from Barclays
Bank, where he worked as the head of Replatforming Programme for Africa
and Indian Ocean region, would be a boost to the management of the
Exchange.

Oscar Onyema, the
chief executive officer of the Exchange, who also resumed last month,
in a statement yesterday said, “This is a key addition to the NSE
management team, and we are excited about the potential to rapidly move
the NSE transformational agenda forward.”

The new executive
director said that he sees his employment at the Exchange as a
privilege and opportunity to use his professional experience spanning
over 23 years to contribute his quota to the growth and development of
his fatherland.

“I am excited about
being back in Nigeria and joining the Exchange at this critical point
of the economic development of our great country. I am looking forward
to contributing to the transformation of the Exchange and repositioning
it for sustainable growth and wealth creation for the benefit of our
operators, and realising its full potential both regionally and
globally,” Mr Bajomo said.

The appointment of
a substantive chief executive officer and executive directors for the
Exchange was part of agenda put in place by the Securities and Exchange
Commission, the capital market regulator, following its intervention in
the management of the Exchange last year.

Trading performance

Meanwhile, the
value of equities at the Exchange yesterday rebounded appreciably after
recording losses on Monday. The Exchange market capitalisation of the
194 First-Tier equities closed yesterday at N8.014 trillion after
opening the day at N8 trillion, reflecting 0.18 per cent or N14 billion
gains.

A total of 27
stocks appreciated in price on Tuesday lower than the 28 recorded the
previous trading day, while 27 stocks depreciated in value higher than
the 23 of last Friday.

Neimeth
International and Custodian & Allied Insurance topped the price
gainers’ table with an increase of five per cent each, to close at
N1.47 and N3.15 per share, respectively. Berger Paints and Cement
Company of Northern Nigeria followed in the chart with an increase of
N4.96 and N4.95, to close at N12.48 and N10.60 per share.

On the flip side,
Glaxo Smithkline and Paints & Coating Manufacturer led on the price
losers’ chart with a loss of 4.96 and 4.92 per cent respectively, to
close at N24.13 and N2.32 per share. Eterna Oil and International
Breweries followed with a decrease of 4.88 and 4.79 per cent, to close
at N4.68 and N5.76 per share.

The Banking
subsector maintained its lead as the most active with 204.857 million
quantities of shares, valued at N1.805 billion. The subsector’s volume
was largely driven by shares of United Bank for Africa, First Bank and
Guaranty Trust Bank.

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Poem for the month

Poem for the month

Show me a sign

you have been

to the polling place…

the politician raises

his purple thumb;

and a machete with

a crimson edge

* * *

Ghosts voted here yesterday

and left their skeletal scrawls

they voted for the ruling party

and swelled its phantom figures

* * *

Babies toe-printed the ballot

kicking and screaming all the way

their parents laughed and laughed

as they forged their way to power

* * *

A hefty young lady,

protuberantly pregnant;

and when she went into labour

a roomful of ballot was born

* * *

My candidate

or no election

my tribe

or no country. . .

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Poem for the month

Poem for the month

Show me a sign

you have been

to the polling place…

the politician raises

his purple thumb;

and a machete with

a crimson edge

* * *

Ghosts voted here yesterday

and left their skeletal scrawls

they voted for the ruling party

and swelled its phantom figures

* * *

Babies toe-printed the ballot

kicking and screaming all the way

their parents laughed and laughed

as they forged their way to power

* * *

A hefty young lady,

protuberantly pregnant;

and when she went into labour

a roomful of ballot was born

* * *

My candidate

or no election

my tribe

or no country. . .

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Salif Keita in Lagos this week

Salif Keita in Lagos this week

Malian music
superstar Salif Keita will headline the first VIP Club Nite of
Francophone World Music, which holds at the Oriental Hotel in Lagos
this week.

Known as ‘the
golden voice of Africa’, Salif Keita is one of the most successful
exponents of African music on the international scene. In addition to
his infectious Afro-pop sound, Keita is also an activist on behalf of
his fellow albinos, who are targets of ritual killings in many African
countries.

Jimi Sadare of
Effrakata Entertainment, promoters of the show, which commences at 8pm
on Friday, May 6, said the event is part of activities for the
re-branding of the company’s former ‘Francophonynite’ into a VIP night
of Francophone world music. “The event will be a night of blending the
Francophone with Anglophone; it will be fun. I have been friends with
Salif for close to 10 years, his music has a therapeutic effect on me.
That is why am bringing him for Nigerians to enjoy what I have been
enjoying,” he said.

When asked about
his company’s focus on Francophone artists, the soft-spoken Sadare
said, “It will be my joy to bring recognition to Nigerian acts also. I
discovered Francophone musicians when I was exploring countries like
Mali, Togo. There was so much peace and fun there, and the music is so
soothing, that is what am trying to transport to Nigeria.” He told
reporters that he was the first person to promote a Nigerian artist in
Francophone countries. “Flavour performed in Lome through my company,
and am willing to sell more Nigerian acts.”

According to the
travel and entertainment boss, the VIP Club Nite is targeted at mature
minds, members of the diplomatic corps, expatriates, celebrities and
others. The Salif Keita show will be the first of quarterly VIP Club
Nites, while the Francophone World Music night will hold monthly,
attracting both foreign and indigenous artists to perform for select
audiences.

Also on the bill for the Oriental Hotel show are music acts like the
Afrobeat/jazz band, Ayetoro, as well as deejays from Togo and the
Republic of Benin.

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Fadahunsi launches book

Fadahunsi launches book

“There
are autobiographies and there are autobiographies. When a person who is
more than 91 years old writes his autobiography, that in itself is
worth celebrating.” These were the words of Dupe Olatunbosun, chair of
the Book Presentation Committee of ‘Reflections on the Events of My
Life’, the autobiography of Samuel Babatunde Fadahunsi.

Olatunbosun was
speaking at a press conference for the book, which is set for launch at
11am on Thursday, May 5, at the Agip Hall of the Muson Centre in Lagos.
Fadahunsi is respected for his contribution to the growth and
development of engineering in Nigeria. He retired in 1972 as the first
Nigerian chief executive officer of the Lagos Executive Development
Board. He is credited with planning and town development in the Lagos
metropolis, including the Lagos Island, Surulere and Ilupeju areas of
the city.

Also at the press
conference was Olu Falomo, the chair of Reckitt Benckiser Nigeria Ltd,
who said the book is a reflection on the past that gives insight into
the future. He further described it as a celebration of the life of a
humble, respected public servant whose career spanned 60 years.

Olatunbosun commended the author for taking the trouble to write
about his life at the ripe old age of 90. “This is a call to Nigerians
from all walks of life, particularly the younger generation, to come
and learn from Mr Fadahunsi’s excellent life of service to his
community and his nation,” Olatunbosun said. The special guest of
honour at the launch will be former head of state, Yakubu Gowon, while
Reuben Abati of the Guardian newspaper, will review the book.

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Entrances and Exits: a personal journey

Entrances and Exits: a personal journey

In December of
2010, I left Lagos for a week to go back to my village, the scenes of
my childhood and my ‘primary colours’, with the sole purpose of
discovering what has influenced my art over the years. Some things I
could pull from memory, but there were many I had forgotten or never
really experienced. With a keen eye and a camera, I set to work; and
what I discovered about my heritage and ancestral home was shocking to
me. Until then, I did not realise that, over the decades of my art
practice, I have unconsciously been feeding off of what was always
there as part of my everyday life when I was growing up, which I never
paid much attention to. The numerous shrine walls in neighbouring
villages, the painted mud walls of my grandmothers’ homes, my uncles’
decorated rooms and other villagers’ walls were all beaming with
different kinds of art. I photographed as many as possible, because it
was obvious that many people no longer care about these ‘primitive and
pagan’ arts.

With some of the
walls and art already gone, and a very few left, I set to work on what
remained. Some of the bold use of earth tone colours on walls reminded
me of Mark Rothko’s large canvasses. The valour with which colours,
patterns and designs were engraved or drawn on walls, doors and other
surfaces fueled my drawings with chalks on the bare, dilapidated walls.
Because I considered the chalk on wall drawings temporary, I decided to
photograph them for posterity; and perhaps in so doing, I could show
the world things that may not ordinarily be seen in their natural
state.

I thought I would
stop at the drawings on walls and doorways. However, I found myself
thinking about the history behind the walls and the doors I drew on in
the village, and so I decided to extend the experience to my studio in
Lagos. People that have come and gone in my life over time through the
passageways kept playing in my memory. My grandmothers, my father and
many of my uncles who have left, came alive again. The doors I
rejuvenated through art, were the same ones they traversed while alive.
I began to look at the duality of the doorway, a passageway for entry
and exit, life and death, night and day. Life itself is full of doors,
whether real or imagined. I am yet to see any human that hasn’t gone
through a door. Whatever we do when we enter or exit from any door in
life is what shapes our lives as humans on earth.

It is also
pertinent to say that the works in ‘Entrances and Exits’ go beyond
physical doors; they signify transitions in life. In between the
comings and goings, memories are built constantly. Memories of how we
move from one phase of life to another, from childhood to adulthood,
boy to man, girl to woman, life to death, etc. The events that
orchestrate these transitions are mystical, not physical, and sometimes
invisible, yet they manifest as some kind of door.

All materials used
in producing these paintings and drawings are physically cut in the
shape of doors, in order to reveal another side of the same work. This
is symbolic of the openings and closings that are associated with
doors. Birth and death have doorways, be it a woman’s birth canal or
the gaping grave on the earth.

Victor
Ehikhamenor’s ‘Entrances & Exits: In Search of Not Forgetting’
opens at the Centre for Contemporary Art (CCA), 9 McEwen Street, Sabo,
Yaba, Lagos on Saturday, May 7, and will be on display until May 28.

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Fashola wants a better revenue allocation formula

Fashola wants a better revenue allocation formula

Restructuring the federal allocation formula is the only way to stem labour unrest in Nigeria, the Lagos State Governor, Babatunde Fashola has said.Mr Fashola said this while addressing members of the Nigerian Labour Congress yesterday at the commemoration of Workers’ Day. He also said some policies of the federal government must be amended as they breach the constitutional procedure.

Every May 1st is designated Workers’Day and member organisations of the Labour Congress had gathered, as usual, at Onikan Stadium yesterday to mark the day,under the theme, “Growing the national economy for job creation and people’s welfare.”

“In order that the newly approved minimum wage to be effective and sustained and for the states and local governments to be able to function and provide basic social services, the adoption and implementation of the recommendation to amend the revenue allocation formula is [a] precondition that will help us stem any labour crises,” he said, adding that “not all states will be able to pay the new wage structure unless there is an urgent amendment of the country’s revenue allocation formula that gives more money to the state and local governments.”

Outdated laws Mr Fashola, for some years, has been very vocal about the need to amend the formula for sharing revenues from the federation account.

He said, the revenue allocation formula, like many other laws in the country, is out-dated in the recent political awakening that has pushed people to demand more services from their government.

He argued that the state governors are at the receiving end of this political agitation as the federal government is far and too removed from them.

“A situation in which the Federal Government currently takes as much as 52.68 per cent of the centrally-collected revenues in the federation Account, leaving the states and local government with 26.72 and 20.60 per cent respectively is not acceptable,” he said, adding that his administration has had to augment local governments’ payroll in order to avert an imminent crisis.

He argued that since public agencies like the Nigerian Port Authority, Nigerian Airways Limited, Nigeria National Shipping Line, Ajaokuta Steel Company, National Insurance Corporation of Nigeria, National Fertilizer

Company of Nigeria, Nigerian Aviation Handling Company, Nigerian Sugar Company among others have all been privatised, there is no meritorious reason for the federal government to still retain more than 50 percent of the country’s revenue.

Mr Fashola also called for strict adherence to constitutional provision by receiving government agencies like the Nigeria National Petroleum Corporation, the Nigeria Customs Services, Federal Inland Revenue Services among others, which he said operates “a policy not backed by the law that allows them defray their operational expenses for revenues collected on behalf of the federation rather than being paid from the federation account”.

“This is a clear violation of section 162, subsection 1 of the constitution”, he said, “The correct and lawful practice is that the operations of these agencies of the federal government must be funded by the federal government from its own budgeted share of the federation account and not by any deduction at source as appears to have been the case.”

Better allocation for states

While proposing that states’ share of national revenue be increased to 42 per cent as recommended by a committee setup by the Governors’ Forum, on which he served as the chairman, Mr Fashola called for an organised labour movement to “demand a more development focused budget that allows us to invest at least 50 per cent of state and federal government budgets in capital projects.”

In his remark, State Chairman of the Trade Union Congress (TUC), Akeem Kazeem, while condemning the recent post-electoral violence that claimed the lives of some youth corps members, said only policies specifically targeted at the working class can lift Nigeria out of the mire of ethnic and religious violence.

He said “the cowardly and dastardly act again has brought to the fore the need for the trade unions and labour movements to take up the driver’s seat in our search for nationhood”.

On his part, the State Acting Chairman of the Nigeria Labour Congress (NLC) Idowu Adelakun urged the Lagos state government to order the immediate payment of gratuity of the thirty-two workers of the

Lagos State Sports Council who retired between 2005 and 2008 because it is the only reward they have for their long service year.

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