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Katsina urges chairmen to be prudent

Katsina urges chairmen to be prudent

The Katsina State government has urged council chairmen to be prudent in the management of public funds.

Musa Adamu, the
state’s Commissioner for Local Government and Chieftaincy Affairs, told
the chairmen in Katsina at the monthly joint meeting of the fund
allocation committee that, “Public funds are given in trust; so we
expect each and every one of you to keep that trust in order to ensure
even development of your respective areas.”

He also appealed to
the council chairmen to continue to execute projects that would enhance
the living conditions of the people in their domains.

According to him, the monthly salary for all the staff of the 34 local governments and their overhead costs is N1.1 billion.

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Institute urges journalists to promote peace

Institute urges journalists to promote peace

Joseph Golwa, the
Director General, Institute for Peace and Conflict Resolution, on
Thursday called on journalists to promote peace in reporting conflict
situations as their contributions to conflict resolution.

Mr. Golwa made the
call in Kaduna at a workshop it organised in collaboration with the
United Nations Development Programme (UNDP) for media professionals.

He said that such
practice would promote dialogue and broaden the range of opinions being
held to make significant impact on conflicts.

“Journalists do not
often provide in-depth analysis of the context of conflicts, but rather
tend to always focus on the episodic and fragmentary accounts of the
most dramatic positions,’’ he said.

He however said that with the 2011 elections around the corner, it
was the responsibility of journalists and the media at large to ensure
that all issues were reported objectively.

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Oil commission boss appeals for support

Oil commission boss appeals for support

Chibuzor Ugwuoha,
the Managing Director of the Niger Delta Development Commission, has
appealed to leaders from the region to support the implementation of the
Niger Delta master plan.

Mr Ugwuoha made the
appeal in Port Harcourt on Thursday while inaugurating a 16-man
management committee for the Niger Delta Regional Partners for
Sustainable Development (PSD), which is provided for in the Commission
regional master plan to identify priority projects for execution in the
region.

Represented by
Henrietta Ogan, the agency’s director, Planning, Research and
Statistics, Mr. Ugwuoha said that partnership among all relevant
individuals would make for faster development of the region.

He also said, “With the pedigree of the committee members, I am
confident that the vision of the Niger Delta Regional Development Master
Plan will be achieved.’’

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Onu declines invitation to attend Akande’s declaration

Onu declines invitation to attend Akande’s declaration

The national
chairman of the All Nigeria Peoples Party, Mr Ogbonnaya Onu, on
Thursday, turned down the request by one the party’s presidential
aspirants, Harry Akande to attend his formal declaration for the race.

Mr Onu, told a
delegation which came to purchase the expression of interest and
nomination forms for Mr Akande, that honouring the invitation will
amount to declaring support by the party leadership for him against
other aspirants.

He added that
neither he nor any other member of the National Working Committee (NWC)
will attend the ceremony, which will hold in Abuja.

He, however, said
the NWC will meet soon to take a stand on such requests so as not to
give the impression that the committee is supporting some aspirants
against the others.

“We assure you that
we will provide a level-playing field for every aspirants. Therefore,
it will be improper for members of the party NWC to attend that
ceremony. Morally, it is not right to attend any declaration of any
aspirant because if we do, we may be sending the wrong signal,” Mr Onu
said.

Fairness to aspirants

“We will be staying
out until such a person becomes the candidate. After all our
constitution says the chairman shall lead the campaign of our
presidential candidate. Once you are an aspirant, it is not fair for us
to attend unless it is sure that we are going to attend the declaration
of all aspirants.” The national chairman explained that he was
compelled to attend the declaration ceremony of the Yobe State
governor, Ibrahim Gaidam recently when he was told that out of the
three governors produced by the party, he was the only one seeking
re-election. According to him, the governors of Borno and Kano, Ali
Modu Sheriff and Ibrahim Shakarau are not seeking re-election since
they are serving out their second term in office. The national chairman
wished Mr Akande success and stated that the party will respect the
provision of the constitution in all matters relating to the contest.

Mr Onu later presented the forms to the leader of the delegation, Bisi Lawal for onward transmission to presidential aspirant.

Earlier, Mr Lawal,
who is the director of administration of the Harry Akande Presidential
Campaign Organisation (HAPCO) said the delegation was sent by the
presidential aspirant to pick the form.

According to him, Mr Akande will be making his formal declaration in Abuja soon and had invited the national chairman to attend.

“He believes in the
dynamism of ANPP and he has been in the stable of ANPP since its
formation. He still believes in your emergence and your leadership. He
is letting you know that we need to take this party to the next level,
place it on the rightful position.” Mr Lawal said the aspirant, who has
been a member of the ANPP since its birth, still believes in the party
and will work for its progress, despite losing the chairmanship
election to Mr Onu. Mr Akande contested against Mr Onu for the
chairmanship position of the party last September but lost.

Apart from Mr Akande, other presidential aspirants on the platform of the party are Dauda Birma, Bashir Tofa and Mr Shekarau.

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Ivory Coast’s Ouattara wins vote

Ivory Coast’s Ouattara wins vote

Ivory Coast
presidential challenger, Alassane Ouattara, defeated Laurent Gbagbo in
a run-off poll, the electoral commission said on Thursday, but Gbagbo
immediately challenged the result.

Ouattara said he
planned a national unity government after the chairman of the West
African country’s electoral commission said he had won 54.1 percent of
the vote.

Gbagbo’s party has
already said it will dispute the provisional results, which were
announced after an official deadline ran out on Wednesday, and an aide
told Reuters on Thursday the result was “not legally valid.”

The U.S. ambassador
to the United Nations, Susan Rice, said the U.N. Security Council was
ready to take “appropriate measures” against anyone obstructing the
electoral process in Ivory Coast.

After repeated
delays, national election commission chairman, Youssouf Bakayoko,
surprised reporters by walking into the UN-guarded hotel in Abidjan
where Ouattara has made his base and reading off the results, which
made Gbagbo the loser with 45.9 percent.

“The electoral
commission has, in accordance with the law, handed over to the
Constitutional Council, the results it has received and validated,
accompanied by the result sheets,” Bakayoko told reporters, adding vote
turnout was 81.09 percent.

Cheers erupted from
Ouattara supporters gathered at the hotel, which has been placed under
UN guard with a handful of armoured personnel carriers outside.

An earlier attempt
by the election body to publish the results on Tuesday night failed
when pro-Gbagbo members of the commission ripped up the sheet of
tallies, as a spokesman was trying to read them to a news conference.

The provisional
results will now go for study by Ivory Coast’s top legal body, the
Constitutional Council, which is presided over by a Paul Yao N’Dre, a
staunch Gbagbo ally.

The vote, delayed
for five years, was meant to reunite the country split in two after a
2002-2003 war, but has instead exposed existing north-south divisions
that have exploded into outbreaks of violence.

Security forces
shot dead at least four people at a Ouattara party office in an Abidjan
suburb overnight, while members of Gbagbo’s party said they had been
attacked at their residence in the same suburb by Ouattara’s militants,
leaving some wounded.

The election
commission failed to meet a Wednesday deadline to publish provisional
results, despite concerted international pressure for them to do so.

Gbagbo’s party has
already urged the Constitutional Council to cancel the results in the
rebel-held north, where Ouattara did well in the first round, alleging
intimidation by rebels.

“We have the
competence to judge results of the presidential election, which means
we can invalidate results in certain voting bureaux where there were
problems, permitting us not to count their votes,” said Paul Tayoro,
the council’s spokesman.

UN Secretary
General, Ban Ki-moon, said the world body “would safeguard the
electoral process so that the will of the Ivorian people, as expressed
in the election, will be respected.”

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Rainy season increases the price of Kenya coffee

Rainy season increases the price of Kenya coffee

The top price for
Kenya’s benchmark AA coffee declined to $604 from $701 per 50-kg bag at
the previous sale, data from the Nairobi Coffee Exchange (NCE) showed
on Wednesday.

However, the lowest
price for AA grade at the sale held on Tuesday increased to $250, from
$241 at the previous auction two weeks ago.

Overall, the
average price for all Kenyan coffee grades also increased to $341.22
from $295, with 16,127 bags sold out of the 23,421 on offer.

The high cost of the coffee has been attributed to low supply of the commodity due to the rainy season.

“We expect the high coffee prices to continue to early next year,” said Peter Kinyua, director, Servicoff Limited.

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Safaricom gives pricing for medium-term 5-year note

Safaricom gives pricing for medium-term 5-year note

Kenya’s largest
telecoms operator, Safaricom, said on Wednesday the second tranche of a
five-year medium-term note, worth 4.487 billion shillings, will have
both fixed and floating rates.

Safaricom said in a
statement the fixed rate would be set at 7.75 percent and the floating
rate would have a margin of 185 basis points above the 182-day Treasury
bill rate.

The weighted
average yield on the 182-day Treasury bill stood at 2.464 percent at
the latest sale last week, from 2.256 percent previously.

The bond will be on sale for a fortnight, starting December 1.

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South Africa’s November PMI bounces back

South Africa’s November PMI bounces back

South African
manufacturing activity swung back into positive territory in November,
as business activity picked up and managers saw conditions improving
further, a survey showed on Wednesday.

Sponsor, Kagiso Securities, said the November Purchasing Managers’ Index (PMI) rose to 52.9 points, from 49.8 in October.

PMI is a leading indicator ahead of official manufacturing activity and most of its sub-indices were above the 50 level.

“Together, business
activity and new sales orders are responsible for 55 percent of the
headline PMI and were mainly responsible for the move to above 50 seen
for the overall index,” Kagiso’s Theo Vorster said.

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OIL POLITICS: Can Cancun?

OIL POLITICS: Can Cancun?

While welcoming
delegates to the Conference of the Parties (COP) of the United Nations
Framework Convention on Climate Change (UNFCCC), President Felipe de
Jesus Calderon Hinojosa of Mexico said that climate change has been
driven by changes in human behaviour, and that a shift in another
direction is needed to reverse the trend.

He intoned that the
world must embark on the pursuit of “green development” and “green
economy” as the path to sustainable development. He also stated that
some of the steps to be taken to attain this ideal include progress on
the negotiations on Reduced Emissions from Deforestation and
Degradation in Developing Countries (REDD), as well as development of
technologies to reduce fuel emission.

These were nice
words. These were also very contentious ideas. There are several red
flags and concerns about REDD by indigenous groups and forest dependent
peoples, as well as mass social movements across the world. The idea of
canvassing the extension of financial assistance to the poorest and the
most vulnerable countries is also seen by critics as a possible way of
dividing them and making them pliable to suggestions and decisions that
may actually be contrary to their best interests.

Even before the
Cancun conference opened, there were concerns that efforts may already
be afoot to rig the outcome, as was the case in Copenhagen in 2009. One
concern is about a text for negotiation that is emanating from the
chair of one of the working group through an opaque process.

Another concern has
arisen from a decision of the Mexican president to invite selected
heads of states to the conference. The list is not openly available,
but already it is becoming clear that some uninvited presidents intend
to be in Cancun.

Last year in
Copenhagen, the COP began and ended under a cloud of doubts and
perceived undemocratic actions. At that meeting, many delegations from
developing and vulnerable nations believed that drafts of what would be
the final outcome document were being discussed and circulated within
privileged circles, away from the standard practice where such
negotiations took place on the open conference floor.

In Copenhagen,
there was a steady flow of leaked documents allegedly prepared by the
president of the COP. The anxiety in Cancun is being raised by the
texts prepared by the chair of the ad hoc working group on Long-term
Cooperative Action (LCA). The other major working group under the COP
is the one that deals with the Kyoto Protocol and another text is being
expected from the chair of that working group, also without a mandate
from the working groups, according to analysts.

The year between
conferences is spent in technical negotiations and preparations during
which delegations review texts prepared by chairpersons of the working
groups on the basis of the submissions made by the delegations or
members.

Variation in documents

The document
produced by the chair of the LCA appears to be something quite at
variance with what many delegates expected would be the outcome of the
negotiations and work done since Copenhagen. The document that
delegates are to debate is allegedly based on the ‘Copenhagen Accord’,
which some delegates insist was not an agreement at the end of COP15,
but was merely taken note of by that conference.

Questions are being
asked why such a document would now be legitimised and made the
foundation for serious negotiations expected to produce a fair and
ambitious agreement at the end of the conference in Cancun.

After the
Copenhagen conference ended without an agreement, the government of
Bolivia hosted a first ever World Peoples Conference on Climate Change
and the Rights of Mother Earth in Cochabamba in April 2010. The outcome
of that conference was the Peoples Agreement that the government of
Bolivia then articulated into a formal submission to the UNFCCC and the
secretary general of the United Nations.

The essential fault
line between those following the path crafted by the Copenhagen Accord
and those who do not accept it as the way towards fair agreement that
recognises the principle of common and differentiated responsibilities,
are quite serious, and the resolution has deep consequences for the
future of our planet and the species that inhabit it, including
humankind.

The draft text
circulated by the chair of the LCA puts forward the ambition that may
lead to an aggregate global temperature increase of up to 2 degrees
Celsius, as opposed to proposals made by a number of delegations that
the target should be between 1 degree and 1.5 degrees temperature rise
above pre-industrial levels. A 2 degrees Celsius temperature increase
would mean catastrophic alteration to some parts of the world, with
Africa being particularly vulnerable.

The text in
question has also disregarded the demand by vulnerable nations that to
ensure urgent and robust technology transfer for the purpose of
mitigation and adaptation, such transfers should not be governed by
subsisting intellectual property rights regimes.

Another sore point
in the text is that the financial commitment proposed does not step up
to the level of ambition needed to tackle the climate crisis, and is
even less serious than what was suggested by the so-called Copenhagen
Accord.

The immediate past
chair of the COP in her final statement indicated that the conference
must move in a way that would show that Cancun can deliver a good
outcome for tackling climate change.

At the end of the first day, the clear question on many minds was, can Cancun?

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Central Bank launches ‘Know Your Customer’ campaign

Central Bank launches ‘Know Your Customer’ campaign

The Central Bank of Nigeria (CBN) on
Monday, in Abuja, launched its Know Your Customer (KYC) campaign, in
its efforts to tackle money laundering and other financial crimes.

Kingsley Moghalu, deputy governor,
financial system stability, told reporters that the bank would partner
with the EFCC, UNODC, and the Nigerian Financial Intelligence Unit
(NFIU) to create awareness on the importance of KYC.

“The campaign would entail adverts and
jingles that would be aired on the print and electronic media over a
period of one month, commencing from December 1 to December 31 across
the entire nation” he said.

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