Archive for nigeriang

Customers rush to update bank accounts

Customers rush to update bank accounts

After
the one month extension given by the Central Bank for customers to
update their account, queues were still seen at banks yesterday as
people tried to meet the deadline.

Bank
customers hurried to get their accounts updated yesterday at some of
the banks visited. In December, the Central Bank directed banks to
carry out updates on customers profile in furtherance of its
‘Know-your-customer’ requirement. It added that customers who fail to
comply will no longer have access to their bank accounts.

Customers
at First Bank on Olowu Street, Ikeja were on queues at the banking hall
trying to get their accounts updated. Due to the slow movement of the
queues arising from the cumbersomeness of making photocopies of some of
the documents required, some customers could not hide their
frustration. They lamented that the bank’s protocol was too much as
other banks did not require some of the items they requested for.“They
are asking for many things,like utility bill, passport photographs and
other things. I have been to other banks and their protocol is not like
this, maybe that is why this queue is not moving” Kemi Adeyemi, a bank
customer said.

Danjuma,
one of the security officials said the queue has been increasing since
last week. “Today being the last day, the queue is worse” he said.

More hassles

Guaranty
Trust Bank at Opebi, Ikeja was not better as long queues can be seen ,
even distracting other banking activities. Customers who had other bank
transactions to do frowned at the lackadaisical attitude of the people
on the queues. Bank officials had to bring the forms to customers
outside the banking hall to fill in a bid to decongest.

This
was made worse by the breakdown of the bank’s internet server, which
resulted in the banking hall being jammed by customers that wanted to
update the data and those for withdrawal, deposits and other banking
transactions, as even the ATM services broke down. At the bank’s Broad
street branch, an official, Adeyosola Johnson appealed to customers to
exercise patience while the bank works on its systems. “Please, our
server is down. Bear with us while we work to get our systems to
function again in the next 30 minutes,” she pleaded.

Also,
at Intercontinental Bank, Broad Street, the queues were long as
customers made effort to comply. An official who declined to be
identified, said updates cannot be done by proxy as only the account
holders’ signature will suffice.However, at some bank branches, it was
business as usual,Zenith Bank branch at Olowu, Ikeja had its operations
running smoothly without the hustling of people who wanted to update
their accounts.“There is no queue. If you want to update your account,
all you need is your valid Identity card and then you fill the form”
the customer care service official said.

The Central Bank said the customer data update is to enhance the
know-your-customer (KYC) requirement and also to check money laundering
and illicit funds in the system. It also said the deadline will not be
extended.

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‘Local Content Act will not drive foreigners away’

‘Local Content Act will not drive foreigners away’

The Nigerian
Content Development and Monitoring Board (NCDMB) yesterday said
European Union’s support to the implementation of the Nigerian Content
Act will encourage investors from their countries to set up oil and gas
facilities in Nigeria.

Ernest Nwapa, the
NCDMB executive secretary, said this at a forum organised by the
European Union (EU) in Abuja. He noted the long-standing economic
partnership between Nigeria and EU countries, urging that the same
spirit of collaboration be extended to Nigerian Content implementation.

“The Act was not
conceived to drive away foreigners from the Nigeria oil and gas
industry, rather to facilitate participation of Nigerians as well as
increase the quantum of industry expenditure retained in-country,” Mr.
Nwapa said.

“One of
government’s strategies for pursuing its job creation agenda is to
bring Nigerian jobs back home by progressively reducing the volume of
Nigerian goods and services being procured from abroad,” he further
said.

By encouraging the
establishment of shipping yards and facilities in Nigeria, Mr. Nwapa
said the implementation of the Act will create employment for
Nigerians, link the industry with the wider Nigerian economy, increase
the nation’s Gross Domestic Product (GDP), as well as provide continued
access to the oil fields, especially when indigenes of the oil
producing areas are integrated into industry mainstream.

‘It is working’

He claimed that the
guidelines have resulted in the development of in-country capacity for
the oil industry and local service industry patronage from a dismal
five per cent in 2004 to 35 last year.

The NCDMB scribe
expressed regrets that the limited capacity of the local service
industry has resulted in over 65 per cent of industry work scope still
being done abroad.

He told the meeting
attended by ambassadors of three EU member states and diplomats of six
others that the Board is currently working towards reversing this
negative trend by collaborating with operators to set up heavy
industries, pipe mills and equipment manufacturing facilities, in
addition to the development of dockyards, to increase the utilisation
of existing shipyards for marine vessels maintainance.

“The Board intends
to leverage on the Nigerian Content Development Fund to support genuine
investors interested in developing capabilities, acquiring equipment,
installing facilities and infrastructure required to bridge critical
capacity gaps in the industry, so as to ensure the domiciliation of
work and spend,” Mr. Nwapa declared.

He said the Board
is monitoring compliance level of international oil companies (IOCs)
and multinational service companies with the provisions of the Act, and
also deploying monitors to ensure compliance.

The secretary,
Petroleum Technology Association of Nigeria (PETAN), Emeka Ene, noted
that the growth of his members’ businesses was tied to the effective
implementation of the Act, though he expressed regrets that exclusivity
was accorded to Nigerian service companies for jobs in land and swamp
fields, noting that most of the firms are constrained by lack of
capacity which can be bridged by partnerships.

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Boost for local gas market

Boost for local gas market

NIPCO Plc, the
marketing subsidiary of the Independent Petroleum Marketers Association
of Nigeria (IPMAN), will work with the Nigeria Liquefied Natural Gas
(NLNG) for the development of the local gas market. This laid to rest
the long standing disagreement over others using NIPCO’s Liquefied
Petroleum Gas (LPG) storage terminal for the storage and evacuation of
products.

Lawal Taofeek, the
corporate affairs manager, said last weekend that the company will soon
sign an agreement as one of the off-takers licenced to participate in
the NLNG programme to promote the supply and distribution of natural
gas in the country, having fulfilled all conditions set by the NLNG.

During the
familiarisation visit of the 4,500 metric tons per annum (MTPA)
capacity LPG storage terminal located in Apapa in Lagos, NLNG managing
director, Chima Ibeneche, told his NIPCO counterpart, Venkatapathy
Venkatraman, that the agreement would go a long way in enhancing the
Federal Government’s aspiration to encourage more Nigerians in using
gas for domestic purposes.

Abundant gas resources

“With the abundant
gas resources in this country, Nigeria is not supposed to be among the
committee of nations still using firewood for domestic cooking,
considering the attendant effect of such activity on deforestation as
well as negative impact on the environment. There is no plausible
excuse to support this arrangement,” Mr. Ibeneche said.

Though he explained
that NLNG’s original business model was not along the line of domestic
gas supply, as the company was charged LNG production for export, Mr.
Ibeneche said the company ventured into local supplies in 2007 in a bid
to promote gas as a cheaper alternative domestic fuel for Nigerian
homes.

He foresees an
improving local LPG supply market in the horizon with the involvement
of private entities like NIPCO, that have committed substantial
investments in developing the requisite infrastructure for the
industry, adding that the approval of the company as one of its of
off-takers would enhance the growth of the market.

Mr. Venkatraman
said the company went into the country’s domestic gas supply market in
response to the Federal Government invitation for genuine investors’
involvement in providing necessary infrastructure to facilitate the
development of the domestic gas market.

Apart for the
investment in the fully automated 4,500 MT capacity LPG terminal,
considered to be the second biggest in the country, Mr. Venkatraman
said NIPCO has also invested in transportation with the procurement of
over 20 bulk tankers to facilitate evacuation of gas to consumers
across the country.

He disclosed that
as part of its effort to make gas easily accessible to consumers, the
company is currently deploying LPG skids for the cooking needs of
Nigerian homes, and promoting LPG use as auto fuel. LPG Skid is the
latest technology in mini filling stations for dispensing gas to
households and vehicles.

Similarly, the
company, in conjunction with the Nigerian Gas Company (NGC), has opened
three Compressed Natural Gas (CNG) filling stations as well as a
fitment workshop in Benin, Edo State, as part of its vision to
revolutionalise CNG use as a vehicular fuel in the country.

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Food shortage drives up inflation in Uganda

Food shortage drives up inflation in Uganda

Uganda’s inflation
rate rose for a third consecutive month to 5.0 per cent in January from
3.1 per cent in December due to seasonal food shortages, the
government’s statistics agency said on Monday.

Food prices rose
3.6 per cent in the year to January 2011 compared with a decrease of
1.1 per cent recorded for the year to the end of December 2010, the
Uganda Bureau of Statistics (UBOS) said.

“During the month,
the food prices index increased by 3.4 per cent due to increases in
prices of matoke (green bananas), sweet potatoes, oranges, sweet
bananas, cabbage, green pepper, bbugga (leafy vegetable), onion, maize
flour…,” UBOS said.

“The increase in prices of these food items is primarily attributed to low supply to the market,” it added.

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Heineken stops production in Egypt

Heineken stops production in Egypt

Dutch brewer,
Heineken NV, said on Monday it had halted production in Egypt as
tension rises in the country in the face of ongoing street protests
against the rule of President Hosni Mubarak.

A spokesman for the
company revealed that it is not immediately clear when production will
be resumed or what the financial impact will be from the production
halt. Heineken had earlier repatriated 29 Dutch nationals from Egypt.

“Regional volumes
and profitability will suffer from the situation, but the contribution
to the group is limited, also implying a limited impact on Heineken’s
bottom-line earnings,” SNS Securities said in a research note.

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South Africa records surplus

South Africa records surplus

South Africa’s
trade account recorded a 10.3 billion rand surplus in December compared
with an 8.4 billion rand surplus in November, the South African Revenue
Service (SARS) said on Monday.

Exports increased
by 10.4 per cent month-on-month in December while imports fell by 15.9
per cent. SARS said the December surplus was “buoyed by higher
commodity exports, specifically iron ore, precious metals, and base
metals.”

Ten economists surveyed by Reuters expected the trade account to register a 2.75 billion rand surplus in December.

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Council plans N20m cashew industry

Council plans N20m cashew industry

Jasper Uche, the
Transition Committee Chairman of Umunneochi Local Government Area in
Abia state, said that the council will soon open a cashew processing
industry in the area.

He revealed this on
Sunday in Umunneochi, that the industry will be sited in Mbala
community.Mr Uche explained that the industry will utilise the abundant
but neglected cashew nuts at Mbala, as the area has the largest cashew
farm in Abia state.

He said the abundant cashew nuts have continued to waste away
because of the non-availablity of industries to process and preserve
it. The chairman said ‘‘we want to take the bull by the horn to check
the wastages of the resources of the people.’’

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Agency decries funding constraints

Agency decries funding constraints

The Executive
Secretary, Nigerian Investment Promotion Commission (NIPC), Mustapha
Bello, on Monday in Abuja decried the commission’s poor state of
funding and said it needs N2 billion annually to function effectively.

Mr Bello revealed
that the commission was not funded in 2010,and this has has not allowed
it to attract investment through awareness. He said that the agency
have had to rely on the support of the private sector to fund most of
its programmes and activities.

He said, ‘‘We have tasked the private sector so much since I came in here, but it appears they are getting tired of helping’’.

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A life in music and electronics

A life in music and electronics

Anjola Aboderin has
been a musician and Electronics Engineer for over four decades. He
devised how to successfully combine both as a primary school pupil in
the 1960s.

“I started to play
music with my brothers and during that period, we realised that
Electronics was the basis of music. We tried to make our own equipment
because it was too expensive to buy.Before I knew it,I had developed a
keen interest in Electronics; almost higher than the interest I had in
music. Electronics would never have come in if music wasn’t there in
the first place,” he explains.

Aboderin eventually
studied Electronics Engineering via correspondence with tutorial
schools in England, obtaining his first diploma in Practical
Electronics well before he completed secondary school.

The artist’s
interest in the two fields further received a boost with his membership
of ‘The Busters’, a band formed by his two older brothers. TV producer,
Laolu Ogunniyi, Niyi Adenuga and Emman Edem amongst others, were also
members of the band which featured regularly on musical programmes on
the Western Nigeria Television (WNTV), Ibadan. Aboderin, who went into
Electronics with his immediate senior brother, Akin, recalls. “We were
always experimenting and making things like loud speakers, amplifiers,
guitars, radio receivers and transmitters successfully. That greatly
impressed my father and he encouraged us.”

The producer

Though he didn’t
know it at the time, his early preparations would later help his music
career. “A lot of promising musicians fail because of lack of
equipment, encouragement and infrastructure. We were lucky because we
could make some of these things ourselves and that gave us an edge over
a lot of others. Today, I still design and construct a lot of
electronic gadgets for music and industry. I help custom design and
construct recording studios with affordable local components, sound
systems for church bands, musicians, night clubs and so on. I enjoy
helping the less privileged get up on their feet where music and ‘high
tech’ electronics are involved,” he says.

Apart from helping
out in the design of clubs including Wichitis in the London West End,
KS and Safari night clubs in Ibadan and recording studios including
Iyanda Studios in Ibadan; Phonodisk in Ijebu Igbo and Saanu Olu Studios
in Ijebu Ode, Aboderin was also a music producer.

“My interest and
abilities in Electronics came in very handy right from the late 60s.
With my Electronics and ability to play the piano and the organ, I was
able to handle complex music synthesisers easily. At that time we had
analogue synthesisers which required a lot of programming. It was very
complex; you had to know some Electronics as well as music to
understand the programming. For a very long time, the ‘MOOG’
synthesiser as it is known was not usable by everybody; I was one of
the very few musicians at that time that could operate that equipment
well. So, I started a part time job as a session musician with EMI
Studios, Lagos. I made weekly trips there to play the synthesiser into
usually already recorded music. Most of the time, I didn’t even get to
meet the musicians at all. I get there, listen to recording and work on
it. Eventually, I started getting involved in the production. I started
having to sit there, rearrange and rehearse music at the very early
stage of each work.”

He discloses that
working with Odion Iruoje, then executive producer at EMI was a unique
experience. “He wasn’t a musician but he had a good set of ears. He
will identify a wrong note. He produced so many artistes of that time
and there was hardly any big artiste that appeared through EMI that
wasn’t produced by Odion Iruoje. I took care mainly of the younger
musicians, they needed the musical expertise to reach the level for
securing the recording contract and that was where he came in.” He also
worked with the Lijadu Sisters, Akeeb Kareem, Ofege, Tabernacle, Dr
Osofisan and Epiphanio Joseph.

Tunji Oyelana’s apprentice

The musician who
backed Highlife maestro, Tunji Oyelana early in the day explains how he
came about the role. “I started playing alongside with him at Mbari
Mbayo (later Kongi) Club, Adamasingba around 1968. It was a cultural
club that was run by the likes of Professor Wole Soyinka. I used to go
there to play with a band I had in secondary school, ‘Cadet Six’. It
was an offspring of the ‘Busters’. We went there often to jam alongside
Uncle Tunji’s band ‘The Freshmen’ (later ‘The Benders’) I also used to
be featured on stage with Uncle Tunji himself.

“I played guitar,
organ; I could play all the instruments available anyway. After a
while, I became a permanent member of Uncle Tunji’s band. Not too long
after that, because band boys were always drifting away, I had to start
recruiting musicians from my own personal musical groups into Uncle
Tunji’s band. Eventually, I became the acting leader of the band too,
practically taking over the affairs of the band from Uncle Tunji. All
he had to do was come in and sing. A responsibility I still carry till
today. If Uncle Tunji has to do any programme today in Nigeria and
abroad, especially if it requires a full musical band, I rehearse the
band as the leader… just bring Uncle Tunji in and we are performing.”

Multi instrumentalist

Not many people
know that Aboderin plays other instruments apart from the saxophone and
that he is not just limited to Highlife music. “In 1966, when I tried
to form my own primary school boy’s band, I had to train everybody. But
first, I had to teach them to play various instruments so I found
myself first mastering practically all those instruments. I started
with the guitar and organ, moved on to piano. Soon after, bass guitar
and trumpet, alto saxophone. Then briefly while I was in England,
violin. At that time I was playing pop music, Beatles’ type of pop
music. When I came back from England in the mid 1970s, I took up all
the other saxophones in that instrument family,of course drum sets too.
Occasionally, I sang when there was nobody else to do it. I don’t think
there is any form of music that has been popular since 1963 that I have
not been involved with. It’s just generally music that I do, not some
particular type of music.” Though he has a Jazz band, Aboderin does not
have any album.

“We have recorded
quite a number of albums but they are not out commercially. They are
for private distribution within musicians as research materials and to
our fans. Our real interest is the development of artistes and music.
It’s more an academic thing, and not yet a commercial thing that we are
doing.”

Like father, like daughter

One of Aboderin’s
aspirations after succeeding at building electronic equipments for his
band and other bands was to design and build a recording studio from
locally available electronics and building components. He realised the
dream years ago with the establishment of a state of the art studio, an
arm of his Square Waves Limited in his Oke Ado, Ibadan, home.

Some parents wouldn’t want their children to take after them but
this is not the case with the old student of Ibadan Grammar School. His
daughter, Folasade, known as Shady Blue has taken after him. “I was
encouraged by my father and mother. When I discovered that my children
were interested in music; from the oldest to the youngest, I felt so
happy that I am opportuned to help my children just as I have been
encouraging others. She is a singer; she has her own band in England.”
Having noticed an old car in good condition in the premises when I
arrived, I could not but ask what the musician is doing with it. “All
my cars are maintained by me. I have a flair for Mechanical
Engineering. That jeep that you saw out there, it’s a 1969 ‘Mini Moke’
that I’ve had for about 30 years. It’s one of the so many antique cars
that I resuscitate and maintain. It still runs very well. The one you
saw outside the house is a 1968 Morris Mini, it still runs well too.”

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Group disputes claim by management of radio stations

Group disputes claim by management of radio stations

It appears the
faceoff between the Copyright Society of Nigeria (COSON) and the
management of Cool FM and Wazobia FM may not end soon going by
development in the saga.

COSON had on
January 17 requested the Federal Government to revoke the licenses of
the two Lagos-based radio stations for their disdain for the country’s
copyright laws and violations of broadcast code.”Owners of Cool FM and
Wazobia FM, who make a fortune annually in advertising revenue, have
shown clearly that despite the provisions of the law, they have no
intention of obtaining authorisation or license to play any musical
work. In other words, Cool FM and Wazobia FM are above the law,” COSON
said in a letter written to President Goodluck Jonathan.

Chair of COSON,
Tony Okoroji, went a step further by requesting agencies that support
Nigerian musicians not to deal with the two radio stations.

“We wish to notify
corporate Nigeria that of the huge amount of money paid by them to
these stations, a small fraction of which is meant to be used to ensure
that the owners of the works broadcast on the stations are paid, not
one kobo is spent by the owners of Cool FM and Wazobia FM to properly
acquire the rights to the music they broadcast daily. We shall
therefore consider any advertising agency or organisation still
advertising on Cool FM and Wazobia FM as an enemy of Nigeria’s creative
talents bent on aiding and abetting infringement of the rights of
Nigerian artistes.” Okoroji had also disclosed that COSON had written
on several occasions to the management of Cool FM and Wazobia FM
inviting them for discussions but that they had never replied.

State of denial

However, the
reported denial by proprietors of the stations that they have never
received any letters from either COSON or its lawyers informing them
that they should obtain copyright license before broadcasting any music
has drawn the ire of the society.

“If that is how the
owners of Wazobia and Cool FM want to frame their narrative, then it is
clear that they are in denial,” Okoroji said while reacting to the
reported denial.

Acting general
manager of the society, Chinedu Chukwuji also said, “I am shocked by
the alleged denial by the owners of Cool FM and Wazobia FM. I have a
file full of copies of the letters to these stations. I also have the
copies of the letters written by our lawyers. It is laughable to learn
that they claim to be unaware of their legal responsibility to obtain
copyright licence for the music they broadcast.

“At the COSON
stakeholders forum held on July 1, 2010 at Protea Hotel, GRA IKeja,
where this issue was discussed for hours, CooL FM was represented by Ms
Alero Eghaghe, their Assistant General Manager, Music. The Nigerian
Copyright Commission (NCC) has published several public notices on the
matter. The subject has been a hot topic across the Nigerian media for
several months. I have called Cool FM on the phone several times asking
them to comply with the law, without any positive response. Who are
they trying to deceive? They want to hide their head in the sand. Their
claim is a joke and an afterthought.”

Manager of Tuface
Idibia and chief executive officer of Nowmuzik, Efe Omorogbe, also
expressed displeasure on the stance of the stations. He said, “These
guys don’t know that the music industry has changed. They think that it
is business as usual. A revolution has taken place before their eyes
and they did not see it. When COSON speaks, it speaks with the mandate
of the industry. All the key organisations in the music industry are
behind COSON. We are united in this cause. The era of free music in
Nigeria is gone forever.”

Weighing in, Onyeka Onwenu said, “Last week, COSON licensed all the
stations of the Federal Radio Corporation of Nigeria all over the
country. If the massive FRCN can subject itself to be licensed by
COSON, who is Cool FM? Who is Wazobia FM? “

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