Archive for nigeriang

Nigeria, India trade volume hits $8.7 billion

Nigeria, India trade volume hits $8.7 billion

Trade between
Nigeria and India is robust and has continued to grow in favour of
Nigeria, said Mahesh Sachdev, Indian High Commissioner to Nigeria. Mr.
Scahdev said this on Wednesday in Abuja during the 2011 India Republic
Day Celebration.

“Bilateral trade
between Nigeria and India according to Indian figures for the year
ended March 31, 2010 is $8.7 billion,” he said. “We are Nigeria’s
second largest trading partner and Nigeria is our largest trading
partner in Africa.”

Reeling out
statistics of trade relations between the two countries, Mr. Sachdev
stated that “Nigeria export is around $7.3 billion and Indian export to
Nigeria is around $1.2 billion so the trade between our two countries
is greatly in Nigeria’s favour and Nigeria enjoys the trade surplus of
$6 billion.”

He said Nigerian
crude oil exports to India was the biggest contributor but that other
contributions are not very significant since about $7.1 billion dollars
worth of oil is exported to India. India’s export to Nigeria includes
Indian petroleum exports, pharmaceuticals, steel, automotive equipment
and miscellaneous items. Mr. Sachdev said the country will intensify
efforts to correct the trade imbalance between the two countries.

“We would like
Nigerians to buy more from India. Deficit of $6 billion is not the
right thing for us to have. We need the Nigerian crude but Nigeria
needs many things they can get from India at affordable cost with
affordable level of technology,” he said.

Pratibha Devisingh
Patil, president of India in her speech read worldwide said: “26th
January is a very significant date in our national calendar, when we
celebrate the establishment of free India as a republic based on
ideology of justice and equality.

“It is a day when
we recall with gratitude the sacrifices of our freedom fighters and the
work of our founding fathers for giving us a country where our dignity
and individual freedoms are guaranteed by an enlightened constitution.”

Mrs. Patil added that Indians are fortunate to have inherited the
ideals and values of one of the world’s oldest civilizations,
bequeathing them with the rich treasure of human experiences and
thought. Optimistic of better economic growth in the coming years, she
said, “It is heartening that our economy is progressing at a stable
pace. Even in the face of difficult circumstances during the global
financial downturn, its performance was appreciable. We are now
returning to the pre-crisis growth pattern and are confident of growing
at over 9 percent next year all sectors of the economy will be
contributors to our growth trajectory.”

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For Nigeria’s debt, charity begins at home

For Nigeria’s debt, charity begins at home

The decision to
focus more attention on domestic sources to raise funds for its
services, rather than relying on external sources is responsible for
Nigeria’s burgeoning debt profile, the Debt Management Office said.

Abraham Nwankwo, the director general, said in Abuja on Tuesday, in an interview with journalists.

“A strategic
decision was taken in the course of debt management situation, it was
better to use the opportunity of borrowing domestically to develop the
domestic debt markets, not just for government, but for the economy in
the immediate to long term,” Mr. Nwankwo said.

“It was deliberate
for government to depend more on domestic sources, rather than
external, so that we develop this other aspects of our economy,
including the bond market, the habit of long time savings and
investment, as well as developing the skills by our local
entrepreneurs. Nigeria now has the capability to manage various bond
markets,” he stated.

He added that as a
developing country, Nigeria cannot depend solely on what it earns,
pointing out that for her to be able to stimulate growth and
development, she has to depend on some external borrowing that would be
tied to specific projects that would improve the quality of life of the
people.

“Borrowing in
itself is not a bad thing, but the important thing is for one to
develop the capacity to effectively manage what one has borrowed, such
that one would be able to service the debt and have surplus value in
the end,” he explained.

Legacy projects

He justified
government’s recent decision to raise a $500 million Eurobond issue,
arguing that some of the projects that government is borrowing to
execute are legacy projects that will last between 50 and 100 years and
will not generate direct immediate commercial returns. He said what
should bother Nigerians should be whether government will utilise the
resources effectively.

“Government wanted
to raise money to cut the existing deficit. Beyond that, government
wanted to use that opportunity in a structured manner to develop the
markets, which is one of the strengths of this economy, which every
investor is looking forward to. The bond market is not fully matured
yet, but it is rapidly developing, which is a plus for the country.

“Everything
government is doing is guided by the principle that the country must
not relapse into debt unsustainability by producing guideline for the
Federal Government as well as helping states develop the debt
management capacity by facilitating the establishment of debt
management offices in their domains,” Mr. Nwankwo further said.

He said the DMO is
democratising the knowledge of public debt management to enable as many
Nigerians as possible to be aware of the issues involved so that they
can ask the right questions, do independent analysis on why the
government needs to go into certain debts, and establish the values and
worth of such debts, in order to hold governments accountable.

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Mourinho gets his man in Adebayor

Mourinho gets his man in Adebayor

He
has finally moved. And that is talking about the Togolese-Nigerian,
Emmanuel Adebayor (do not mind the ‘r’ at the end of Adebayo). The
former Monaco and Arsenal striker got his wish to divorce Roberto
Mancini as his move to Spain was approved by Real Madrid and Jose
Mourinho who got a striker clearly needed in light of the performances
of Karim Benzema – the 23-year-old France international has shown that
he needs about 10 chances to score one goal.

Benzema has scored a
measly two goals in 19 appearances. With Gonzalo Higuain ruled out for
the season, Mourinho had repeatedly demanded for a striker, to cover
the obvious loop hole. After the failed bid to lure former player, Ruud
Van Nistelrooy’s back to the Santiago Bernabeu from Hamburg, Madrid had
to go for Adebayor.

Mourinho had been
cross with the young French forward for squandering scoring chances,
“he (Benzema) has to give a little more,” the coach said recently.

Now Mourinho has
Adebayor, who had to agree to a pay cut before the deal could be
finalised. The 26-year-old Togolese international has now joined on a
loan deal with a permanent £13million transfer broached if the union
proves to be successful. Adebayor will be collecting lower than the
estimated £148,000-a-week he was on at Manchester City.

A statement on Real
Madrid’s website read, “‘Real Madrid and Manchester City have reached a
deal that will see Emmanuel Adebayor play on loan. The player will
remain at Real Madrid until the end of the current season, at which
point the club hold a unilateral option to purchase the player.”

Adebayor joined
Arsenal from Monaco for £7m in January 2006 and moved on to City three
years later for around £25m. He is eligible to play for Los Blancos in
the Champions League as City were contending for the Europa League.
Adebayor has a goal ratio of one goal every other game over a career
that has spanned 10 years in Europe.

But still the most
high profile transfer in the January window has been the mega-capture
of Edin Dzeko by Manchester City for £27 million from German club,
Wolfsburg. The Steve McClaren side have gone out and replaced the
Bosnian with Dieumerci Mbokani from Monaco.

Mbokani had signed a four-year deal with Monaco at the beginning of
the 2010/11 season but has failed to justify the £7 million move and
had to move after notching up just one goal in 817 minutes on the
pitch. McClaren will now hope that Germany will be a happier hunting
ground than France for the Congo striker.

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MTN no longer Premier League sponsor

MTN no longer Premier League sponsor

The
congress of Nigeria Premier League (NPL), which met Wednesday at the
Nicon Luxury Hotel in Abuja has ordered that the bid process of title
sponsorship for the Premier league be re-conducted.

The move follows
series of accusations and counter accusations that have trailed the
former process, which saw Total Promotions which was said to be
representing MTN as the title sponsors.

The congress which
was attended by chairmen and owners of the Premier League clubs faulted
the previous process saying it failed to carry all the parties along.

Decision of congress

“The congress of
the Nigeria Premier League (NPL) upon exhaustively reviewing and
considering the entire Bid process held on 15th and 16th December, 2010
for the selection of a Title Sponsor for the League, it was observed
inter-alia, that though the Board of the NPL did its utmost best to
ensure the selection of a credible Title Sponsor for the League, it
frowned at the third party involvement in the whole exercise,” a
communiqué issued after the meeting, read in part.

“Consequently, Congress resolved as follows:

1. That the bid
exercise held on 15th and 16th December, 2010 for the selection of a
Title Sponsor for the League be invalidated.

2. That in the
interest of justice, equity and fair play, machinery should be put in
place for the conduct of a fresh bidding process for the selection
within two (2) weeks.

3. The Congress
hereby directs the League Board to reconstitute the Bid Committee and
ensure that all major stakeholders are carried along.

4. The Congress
commended the two (2) bidding companies for the keen interest shown to
sponsor the League in particular and the development of football in the
country generally.”

Mixed reactions

The decision has
generated mixed reactions. Bukola Olopade, the Commissioner of Sports
in Ogun State welcomed the move saying the league governing body should
go ahead and organise a transparent bid noting that Globacom had helped
in the growth of football in Nigeria.

“Globacom came into
the league when critical support was needed to keep Nigeria football
running. The company has borne the burden of funding all aspects of
football and indeed, sports in Nigeria and should not have been
subjected to the treatment meted to it by the NPL Bid committee,”
Olopade said.

“More importantly,
we should consider the strategic importance of keeping our most priced
national football assets in the hands of indigenous companies like
Globacom that has demonstrated a passion for the Nigerian project.”

Former NFA board
member Austin Akosa says it was wrong for the NPL to treat an
indigenous company shabbily while preferring a foreign company.

“It is strange that
a foreign company from a country where Nigerian businessmen were chased
out is now flexing muscles in our country against an indigenous company
that has sustained football from the scratch. It is not acceptable and
I offer my full support to the cancellation,” said

Akosa. “Will they
allow Globacom to sponsor the league in South Africa if they can
prevent Adenuga from setting up a business there?” he asked.

Ahmed Gara-Gombe, a
former member of the Nigeria Football Association (NFA) and one time
chairman of Gombe United Football Club, has a different view. According
to him the action of the NPL is cowardly.

“They are cowards.
Every one of them in the NPL are cowards. They have really disappointed
Nigerians. These are people who came out to tell us not so long ago
that the entire process surrounding the sponsorship of the league was
transparent only for them to come out now and make a U-turn.

“The Executive
Board of the NPL acts on behalf of the congress. They carried everyone
along during the entire process and even called on companies to come
and bid for the league. The position was advertised and those who were
interested made their intentions known. At the end of the day, the
company representing MTN had a better package than Glo and the
Executive Board of the NPL did the right thing by picking them ahead of
Glo,” Gara-Gombe said.

Regrettable affair

Joining the
argument, Harrison Jalla, President of the National Association of
Nigerian Footballers (NANF), the body, which took the Nigeria Football
Federation (NFF) to court over elections, says the whole affair is
regrettable.

“For me, it is an
exercise in futility, how can you sign a contract and suddenly make a
U-turn just like that. Currently I hear Total Promotions are in court
and the best thing they could have done is to first see that the matter
is withdrawn from court. It’s a pity that the congress has allowed
themselves to be used for such an exercise. I actually don’t blame them
in the long run because most of the clubs are run by government so they
have no choice than to bow to the demands of their bosses. The painful
thing in all of this is that football will continue to suffer.
Nigeria’s interest should always be the first and not personal
interest, whether Globacom or MTN, due process should always be adhered
to,” Jalla said.

Arm twisting

The latest decision
by the congress of the NPL will not come as a surprise to those who
have followed developments on the matter since the league body awarded
the rights to MTN in December.

Former sponsors,
Globacom, which lost out in the bid to its telecoms rival, MTN had gone
to court to challenge the decision but dramatically withdrew its suit
last week, saying it was going to seek alternative avenues for dispute
resolution.

A few days later,
Tunji Babalola, the Executive Secretary of the NPL announced that the
bid process was going to be conducted all over again. Babalola was
overruled twenty four hours later by the NPL board, which insisted the
title rights belonged to MTN.

NEXTSports learnt
that yesterday’s decision was the result of pressure from the
Presidency, which Globacom Chairman, Mike Adenuga had reportedly turned
to when his organisation lost out in the bid for sponsorship rights.

A source close to
the NPL told NEXTSports that Davidson Owumi, the NPL Chairman had been
under intense pressure to order a new bid for the title sponsorship but
had initially withstood the pressure, but eventually gave-in after
meeting with top officials of the National Sports Commission (NSC)
including Sports Minister, Taoheed Adedoja and Patrick Ekeji, Director
General of the NSC.

“This is very unfortunate. How can we hope to attract sponsors to
the game if we keep making fools of ourselves,” the source said?

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Siasia’s Eagles meet Flying Eagles again

Siasia’s Eagles meet Flying Eagles again

The Super Eagles will face the Flying Eagles today in a tune-up game billed for the main bowl of the National Stadium in Abuja.

The match is part of preparations for both sides ahead of their upcoming international engagements.

While the Super Eagles are putting
finishing touches to their preparations for the Green Bowl Soccer
Tournament to be held in the U.S. between February 12 and 20, the
Flying Eagles are preparing for the African Youth Championship (AYC)
scheduled to take place in Libya between March 18 and April 1.

The AYC also serves as the qualifying tournament for the FIFA Under 20 World Cup billed for Colombia later in the year.

Both sides met twice in the last two
weeks with the first game ending in a 2-2 draw while the Super Eagles
recorded a 2-1 victory in the second meeting, at the FIFA Technical
Centre, Abuja.

But there is an edge and a different
texture to today’s game as the Nigeria Television Authority will be
using the encounter to test its newly-acquired Outside Broadcast
Equipment.

Super Eagles head coach Samson Siasia will also use the game as an
opportunity to trim his squad to 22, the proposed number to travel for
the Green Bowl Soccer Tournament next weekend.

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Governor‘s Cup throws up keen contests

Governor‘s Cup throws up keen contests

Participating teams
at the 2011 Rivers State Governor’s Cup being sponsored by Shell
Petroleum Development Company of Nigeria have continued their fine
display at the tourney.

The matches being
played at the pitch of the Liberation stadium, Elekahia, Port Harcourt
has continued to produce exciting play and a avalanche of goals.

New comers,
Obio/Akpor who whitewashed Eleme 7-0 at the opening day of the annual
football fiesta last Thursday defeated Akuku-Toru 3-1 on Tuesday.

Another debutant,
Ahoada East slumped to a 1-0 defeat to last edition’s runners-up,
Khana, who recovered from the shocking 1-0 loss to Phalga in the opener.

Equally new
entrants, Opobo/Nkoro walked over Degema, Degema drew 2-2 with Etche in
the first match, Etche however managed a slim 1-0 win over Omuma and
Phalga maintained their unbeaten run with a walk-over against new
entrants Ogu/Bolo.

In other games,
Eleme lost again 1-0 to Bonny; the victory is the second for Bonny who
had also thumped Oyigbo 3-0 in the first match.

Gokana recorded a walk-over victory against Emohua.

The tournament into the second week and has shown that it will be
more competitive and entertaining. Matches in the tournament are played
two times in a week, on Tuesdays and Thursdays.

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HABIBA’S HABITAT: Laptops and Learning

HABIBA’S HABITAT: Laptops and Learning

I had a good laugh
when I read the reports of ‘surprise’ that many youth corps members did
not know how to operate the laptops being used with the Direct Data
Capture machines for the voter’s registration exercise. I say that I
laughed, but I was laughing with despair, not with happiness.

For the past 10
years, at least, academics, students, parents, educators, and employers
have raised concerns, expressed alarm, and lamented the state of
education in our country.

In our secondary
schools, classes are over crowded, with about 100 pupils per teacher in
the worst cases, rendering whatever teaching that takes place almost
completely ineffective. Some classrooms are labeled laboratories but
have no Bunsen burners or other basic Science equipment.

I am glad to report
that in recent years, the situation has improved a lot. But not too
long ago, in many of our colleges of higher education, some graduates
of Computer Science were experts in programming but did not have access
to functioning computers in their faculties. They learnt the theory and
had to pick up the practical themselves after graduation.

I recently listened
to a re-intepretation of Bobby Benson’s famous song, ‘Taxi Driver’,
performed during the Ajumogobia Foundation Concert in December by Ibiai
Ajumogobia and Nimi Akinkugbe. The sheet music for the pianos and all
the other classical and African musical instruments was composed by a
professor of Music in Ife. The composition was a virtuoso piece of
music combining high-life, jazz, and classical genres in harmonious
accord.

That this kind of
overwhelming talent and skillful expertise could exist in our public
university system that has suffered such resource neglect with old and
faulty equipment and poorly stocked libraries is a marvel; and our
dogged graduates are a marvel too.

The youth corpers
should be congratulated for having learned within a week how to operate
the machines and get the job done in the face of infrastructure
challenges such as incorrect software, insufficient power from the
batteries, from the grid, or from standby generators; and inordinate
pressure managing large numbers of impatient and irate voters who queue
up mostly in outdoor locations to register. The fault does not lie with
them.

Let me go back to
my laughter. I laughed because it really seems as though our fellow
citizens in positions of power, influence, or in the civil service do
not have a realistic idea of what the prevailing conditions of life are
for the people they serve. If that is the case, then it makes sense
that they would not have planned adequately for the logistics of the
exercise.

In opting to close
all schools down so that public schools could be used as centres for
the registration exercise, perhaps the Ministry of Education is unaware
that the bulk of educational institutions are private not public.

Correct me if I am wrong, but I believe that in Lagos the ratio is approximately 80% private to 20% public.

In closing down all
schools, they have interrupted the education of 80% of our school-age
children in the so-called ‘interest’ of the 20% in public schools who
would be affected.

To respond to some
of the accusations of ‘elitism’ that I have been reading in the press
about the drive to keep the private schools open. 80% means that
students from every and all economic groups are educated in private
schools. The children of street sweepers, cleaners, drivers,
messengers, and domestic staff also attend private schools.

They also want
their children to be taught in classrooms without holes in the roof,
and to be seated on chairs and not on the floor. Since they have to pay
‘unofficial fees’ for their children’s education in our ‘free’ public
schools, they choose to pay official fees in private schools and have
some measure of comfort, care, and a guarantee that teachers will turn
up to teach provided for their children. Get the facts right! Open your
eyes and look around, ask questions.

I am not saying that all public schools are like that, but too many to be comfortable are.

Yes, we have
graduates who enter the National Youth Service Corps. Yes, almost all
of them have a facebook page and one of the popular internet email
accounts. No, most of them do not have a computer at home, have never
plugged in a computer, let alone turned it on, or used multimedia
software other than to upload their electronic passport photographs.
They use computer in internet cafes where they are already switched on
and all you have to do is click on the appropriate icon on the desktop
screen.

Yet, these are a
bunch of very smart, very ambitious young people who are hungry to
learn and to be exposed to the many experiences that a working life can
offer them.

I salute them and
their parents for their mere participation in this major exercise in
democracy that brings them in close contact with their fellow citizens
everywhere in Nigeria, that exposes them to the wide range of
professions, cultures and backgrounds in the neighbourhoods they serve.

I salute their
courage in the face of general insecurity in our country, and the added
risk of political thuggery. I envy them the experience of real
down-home Nigerian care and hospitality.

The neighbourhood
old folks who express concern for their welfare and protect them from
the ‘area boys and girls’. The mamas and babas who bring them cool
drinks, snacks and food unasked for, and unrewarded. The good souls who
keep them company and share the local gossip with them, who keep their
belongings safe while they are otherwise occupied. The homes,
businesses, and umbrellas that are offered to them when it rains or the
sun gets too hot. The laughter, the jokes, the camaraderie, the
arguments, the posing, the fronting – such a diverse and enriching
experience that they will never forget as long as they live.

May they live long, and may this registration exercise, these
elections, and the next administration be better off due to their
participation. Let’s give them all the support and encouragement that
we can.

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Court deposes king in Oyo

Court deposes king in Oyo

An Oyo State High
Court, on Wednesday, ordered the dethronement of Oba Samuel Adebayo
Adegbola, the Eleruwa of Eruwa, 13 years into his reign.

The presiding
judge, Muktar Abimbola, in a three-hour judgement, hinged his verdict
on his findings that the name of the current occupant of the throne was
proposed by a faction of the Ajao Alapinni family, in contravention of
the custom and chieftaincy declaration of the town.

The court also
ordered that the Oyo State government, the state attorney general,
Ibarapa East local government, and the chiefs of the town stop
recognising the deposed monarch as the Eleruwa.

It also ordered the
conveyance of a meeting of the kingmakers of the town within seven days
from the judgement where a list of recommended candidates to the stool
will be produced. The judge also said that the list must include names
of Rasheed Oyedepo Ajao and Joseph Oke, who approached the court for
inclusion in the list.

In spite of
protests by other ruling houses that it was not his turn then, Mr.
Adegbola was recommended by the kingmakers to the Oyo State government
which later installed him in 1998.

The court submitted
that he should not have been nominated for the throne since he was from
the Akalako ruling house where his predecessor, Bolanle Olaniyan, also
came from. Mr. Olaniyan died in 1994, and Laribikusi and Akalako, the
two ruling families, had been struggling to produce the next
traditional head of the town.

James Olatunde
Idowu and Rasheed Oyedepo Ajao, who approached the court for redress
over the ascension of Mr. Adegbola, joined the governor of Oyo State,
the AG, Ibarapa LG, Mr. Adegbola, Jacob Adewusi, Femi Atanda, Idowu
Okeowo, E. Ojebisi and Mr. Kasali I in their suit.

They prayed the
court to declare the selection and approval of the monarch by
kingmakers ultra vires, null and void, and give an order to set aside
the purported nomination, selection and approval of the first defendant
(Mr. Adegbola) as the new Eleruwa of Eruwa.

The plaintiffs also
sought an order of the court to restrain the 2nd-10th defendants from
recognising or continuing to recognise Mr. Adegbola as the Eleruwa of
Eruwa, as well as an order directing the 2nd-6th defendants and the
Ikolaba of Eruwa, if any, to reconsider the nomination made by the
Laribikusi Ruling Quarters and select a candidate to the stool of
Eleruwa for approval of the 8th defendant.

Presenting the
summary of his findings on the suit, the judge granted all the eight
requests of the plaintiffs and gave judgement in their favour. He
punctured the claim of the deposed monarch that he hails from the
Ajao-Alapinni royal family, saying that the evidence before the court
proved otherwise as minutes of meetings of the family and records of
attendance of their meetings did not show that he ever attended any of
their meetings.

The judge also said
he discovered that the meeting that produced Mr. Adegbola was factional
and that it gives recognition to Mr. Sanusi Alao as the eldest person
of the ruling house, saying it was unlawful for Mr. Sangotiku to summon
a meeting since he was not recognised as the eldest.

“The exercise by
the kingmakers is ultra vires, null and void. The first defendant is of
female line… I hereby hold that there is merit in the plaintiff’s
case and it subsists that the first defendant being the member of
Akalako which produced the last king, it is a bastardisation of the
customary law of Eruwa. The approval of the first defendant by the
eigth defendant (Oyo State government) is hereby set aside and that it
should not accord recognition to him as the Eleruwa of Eruwa,” the
judge said.

Lasun Sanusi,
counsel to the plaintiff, praised the judgement, describing it as
“brilliant, comprehensive and incisive”. According to him, the verdict
had confirmed the saying that though the machinery of justice grinds
slowly, it grinds surely and fine. The judgement also attracted wild
jubilation at the court premises as those who came from Eruwa burst
into songs of victory as the news was broken to them.

Meanwhile, the deposed monarch had vowed to challenge the judgement
at the Appeal Court. Describing the court’s position as a miscarriage
of justice, Mr. Adegbola told journalists that he had instructed his
legal team to proceed to the appellate court to seek a reversal of the
judgement.

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Illicit financial flows cost Nigeria $130b

Illicit financial flows cost Nigeria $130b

Nigeria might have
lost 130 billion dollars from 2000-2008 to illicit financial flows, a
new report issued by US-based group, Global Financial Integrity (GFI),
said. The report entitled “Illicit Financial Flows from Developing
Countries: 2000-2009,” said Nigeria has the 10th highest measured
illicit outflows in the developing world, an average of 15 billion
dollars per year.

The GFI report
ranks countries according to magnitude of illicit outflows and
according to the report China is ranked the highest country of measured
illicit outflows in the developing world with 2.18 trillion dollars,
followed by Russia, 427 billion dollars and Mexico, 416 billon dollars.

It also shows the
annual outflows for each country and breaks outflows down into two
categories of drivers: trade mispricing and “other,” which includes
“kickbacks, bribes, embezzlement, and other forms of official
corruption.” Others in the top 10 are Saudi Arabia, 302 billion
dollars, Malaysia, 291 billion dollars; United Arab Emirates, 276
billion dollars; Kuwait, 242 billion dollars; Venezuela, 157 billion
dollars; and Qatar, 138 billion.

Primary findings
from the report said illicit outflows increased from $1.06 trillion in
2006 to approximately $1.26 trillion in 2008. It found that that
approximately $6.5 trillion was removed from the developing world from
2000 through 2008. According to the report, average annual illicit
outflows from developing countries averaged 725 billion dollars to 810
billion dollars per year, over the 2000-2008 period measured.

“Illicit flows
increased in current dollar terms by 18.0 percent per annum from 369.3
billion dollars at the start of the decade to 1.26 trillion dollars in
2008.

“When adjusted for inflation, the real growth of such outflows was 12.7 percent,” it said.

The report put real
growth of illicit flows over nine years in the African region at 21.9
per cent, compared with 24.3 per cent in the Middle East and North
Africa, 23.1 per cent in developing Europe, Asia 7.85, and Western
Hemisphere 5.18 per cent.

The report’s
author, Dev Kar, a former International Monetary Fund economist, said
bribery, theft, kickbacks, and tax evasion were the greatest conduit
for the illicit financial flows.

He said oil-exporting countries were becoming more important sources of illicit capital.

GFI director
Raymond Baker said every year developing countries were losing 10 times
the amount of Official Development Assistance (ODA) remitted for
poverty alleviation and economic development,” “This report measures
the quantity and pattern of these harmful outflows and provides stark
proof of the impact of these illicit financial practices,” Baker said.

GFI said the authors of the report used a World Bank model to calculate developing countries’ missing billions.

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Northern governor dismisses Arewa’s rejection of Jonathan

Northern governor dismisses Arewa’s rejection of Jonathan

The Jigawa State
governor, Sule Lamido, on Wednesday, dismissed the resolution of the
Arewa Consultative Forum, which criticised the recent People’s
Democratic Party presidential primary election that produced President
Goodlcuk Jonathan as the candidate of the party. The national working
committee of the ACF met in Kaduna on Tuesday during which it rejected
the emergence of Mr. Jonathan as the PDP flagbearer in the April 9 poll.

According to the
communiqué, “In particular, ACF is disappointed with the outcome of the
primary elections in the ruling party, the PDP. The emergence of Dr.
Goodluck Jonathan as its presidential candidate is legally and morally
wrong because it is a violation of that party’s constitution which
clearly requires that under the zoning/rotation formula, a northerner
be returned as candidate in the 2011 general elections.

“In this regard,
and in the light of its principled stand on fairness and rule of law,
the ACF rejects the outcome of PDP presidential primaries.”

But speaking with
journalists at the PDP national secretariat in Abuja, Mr. Lamido said
there was no fear about the resolution of the northern organisation,
saying it is free to meet and make observations on national issues.

According to him, there are over 60 parties in the country and every party cannot clamour for a northern president as ACF.

“They (ACF) are
free to meet and discuss like Ohaneze Ndigbo or Afenifere,” Mr. Lamido
said. “There are 60 parties in the North so there can’t be 60 parties
all clamouring for the North. They can meet, they can advise, there is
no problem. There is no fear over anything. Just relax, stop getting
worried.”

Like Mr. Lamido,
the governor of Bauchi, Isa Yuguda said that the ACF had the right to
meet just like the Ohaneze and Afenifere. Mr. Yuguda also stated this
in Abuja while answering questions from journalists at the PDP National
Secretariat.

“ACF has the right
to meet just like Ohaneze and Afenifere; they are free to do that,” he
said. “Nigerians should stop getting worried over these things. We went
through a civil war and came out still united. It can’t get worse than
that.

“There is no cause
for worry; these things are about your future and we will secure your
future. Nigeria is a country united by God,” Mr. Yuguda said.

Be warned

According to the
Citizens for Change and Advancement (CCA), the ACF should be warned
against actions and statements that could tear the nation apart, saying
what Nigeria needs now is peace and unity.

Its national
coordinator, Maxwell Abaji, in a communiqué issued, said: “Nigerians
should condemn any attempt to drag this country to another civil war.”

Another group, the Media for Ethnic Equality, in a statement issued
in Lagos yesterday by its publicity secretary, Iyiola Johnson,
described the ACF’s statement as “an unnecessary heating up of the
polity by the northern political group for selfish reasons.” It also
criticised the ACF for putting the unity of the nation in jeopardy.

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