Archive for nigeriang

Buhari’s party changes dynamics of north-central politics

Buhari’s party changes dynamics of north-central politics

The Congress for Progressive Change (CPC), a political platform
led by former military head of state, Muhammadu Buhari, who is reputed to be
one of the most incorruptible leaders since Nigeria attained independence in
1960, is one of the newly formed political parties. But it has had a markedly
greater impact than most within its short existence.

Supporters of this promising platform constitute the bulk of
those who left the All Nigeria Peoples Party (ANPP) due to the perception that
it has sold out to the ruling Peoples’ Democratic Party (PDP). A reference
point was when the Edwin Ume Ezeoke-led ANPP declined to support the retired
general’s quest to fully challenge the disputed 2007 elections in which the
late Umar Musa Yar’Adua emerged as Nigeria’s president.

Mr Buhari, who enjoys massive support and goodwill from
academics, a section of the elites, and the downtrodden, is poised to take a
shot, for the third time, for the presidency, at the forthcoming 2011 polls and
this has excited his followers in states such as Kano, Katsina, and Jigawa.

His entrance into the political terrain in the build up to the
2003 elections was felt by the ruling PDP. In Kano, for instance, his political
machine, tagged ‘the Buhari hurricane’, ensured the victory of a former
classroom teacher, Ibrahim Shekarau, who lacked the funds to even campaign
vigorously, to become the unexpected governor of the state.

At the 2007 polls, it was the Buhari slogan that primarily
assisted Isa Yuguda, then on the platform of the ANPP (he is now back to the
PDP fold) to upstage the dominance hitherto enjoyed by the PDP under the former
governor, Ahmed Muazu, in Bauchi State.

A former University of Maiduguri lecturer and CPC’s governorship
aspirant in Kano, Auwalu Anwar, postulates that the situation will not be
different this time around, stressing that the hurricane will consume the PDP
beyond the traditional northern states.

Mr Anwar, who dumped the PDP for the CPC, believed that the new
party has what it takes to move Nigeria forward.

“The name PDP became so attractive to people like me in 1999. In
Kano, for instance, the party is no more democratic because it has been reduced
to a sectional club, and I cannot operate in that kind of environment. I dumped
it because I have the constitutional right to do so,” he said.

“The constitution gives me the right of belief and the right of
political participation as at when I feel like doing it, within the context of
the law of the land. My idea of dumping the PDP is appropriate this time
because the PDP has run out of its own goodwill in Kano.

“So, since I want to be with the people of Kano and lead the
people, I should not belong to anything that does not seem to have the approval
of Kano people. So, I dumped the PDP on ideological ground. Before now, I have
been a founding member of the PDP since 1999 and I actually attempted to
contest election then. I was in the PDP to serve, but the environment to serve
people selflessly is not in the PDP anymore.

“The PDP today has lost its soul; it is a ghost of what it used
to be, and the party doesn’t seem to have the ability to take the country to
the Promised Land,” Mr Anwar said.

Mr Anwar’s view is the one shared by many, as CPC’s leaders in
Kano, led by Ahmed Haruna Danzago, had embarked on a grassroots mobilisation
campaign across the 44 councils of the state, during which thousands of the
party’s supporters were duly issued party membership registration card.

NEXT witnessed the exercise in Garko council of the state and
there was evidence that the enthusiasm exhibited by the rural folks was a sign
that the CPC could spring surprises in the days ahead.

Kabiru Gwangwazo, a former chairman of the ANPP and now
governorship aspirant, said besides popular support, the CPC can now boast that
it is an organised party with key stakeholders who can ensure that the votes
count.

He cited the presence in the party of retired military personnel
and the political elites, including former speaker of the house of
representatives, Aminu Bello Masari, Audu Yandoma, M.T Liman, and Rufai Sani
Hanga, all senators; and a retired general, Jafaru Isa, as those who can stand
by the by CPC when it matters most.

Mr Gwangwazo, who played key role in the emergence of Mr Shekarau
as governor of Kano in 2003, admitted that popular support does not translate
to electoral victory at the poll.

“The good news this time around is that the class of the
aforementioned personalities cannot be intimidated as at the time poll results
are to be declared,” he said.

He contended that, unlike previous elections where votes scored
by Buhari were allegedly stolen by the PDP, the CPC will score resounding
victory across the country, particularly in states such as Bauchi, Kano, Borno,
Katsina, Sokoto, Kebbi, and Jigawa where Mr Buhari enjoys fanatical support.

Mr. Gwangwazo said he believes Mr Buhari will, for instance, win
his home state of Katsina effortlessly.

“We have always known he has the mass support, but the problem
all this while is that the elites that matter at the nick of time were the ones
sabotaging him. But now, there are changes for the better. Elites like Aminu
Bello Masari, Audu Yandoma, Dikko Radda, Sadiq YarAdua, Mustapha Inuwa, M.T
Liman, and several late Yar’Adua acolytes who have an axe to grind with
Governor Ibrahim Shema are now on the side of Buhari’s CPC,” he said.

The CPC also stands a good chance of winning in Kano State, in
view of the fact that the ANPP’s house is divided against itself due to
squabbles among its leaders on who succeeds Mr Shekarau, whose second term
tenure expires in May 2011. The PDP may not be able to put up much of a fight
because it shares similar fate with ANPP.

But Mr Gwangwazo said to achieve the desired objectives, the CPC
must put its house in order to be able to win at the poll.

“To be able to win elections, our national leaders have to
intervene because, right now, we don’t have competent leaders both at the state
and national level. They have to change these two persons before we can think
of winning election,” he said.

In nearby Jigawa State, where former House of Representatives
member, Farouk Aliyu Adamu, holds sway on behalf of the CPC, it promises to be
a Herculean task for the party that must contend with the overbearing influence
of state governor, Sule Lamido of the PDP. Luckily for CPC, Mr Lamido and his
predecessor, Saminu Turaki, have fallen apart politically. If the fight drags
on, it will not come as a surprise if Mr Turaki, a former ANPP leader, moves
with his supporters to the CPC.

Most importantly, the CPC can reap immensely from the dividends
of the electoral reform embarked upon by the federal government. Its leaders
said they feel emboldened by the promise of free and fair elections in next
year’s polls.

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Corruption allegation dogs Nigeria’s extractive industry monitors

Corruption allegation dogs Nigeria’s extractive industry monitors

Nigeria’s umbrella body of civil society organizations is
concerned that transparency and accountability are still far from apparent in
the country’s extractive industries. The group is particularly worried that the
country has lost its way and momentum in its progress toward receiving
validation in the Extractive Industries Transparency Initiative (EITI)
implementation exercise due to take place next month.

The Executive Director, Civil Society Legislative Advocacy
Centre (CISLAC), Auwal Musa Rafsanjani, told NEXT in Abuja that the way things
are playing out at NEITI’s secretariat in recent times, is a source worry for
most civil society groups in the country. According to him, internal wrangling
between top officers of the secretariat has turned the place into “a notorious
centre for corruption”, pointing out that the crisis has called into doubt the
country’s commitment to implementing the EITI principles.

“The Civil society organizations are incapacitated, because they
are not sufficiently mobilized to effectively engage the NEITI process based on
knowledge. The current leadership in NEITI has not shown sufficient zeal,
commitment and interest to get the EITI principles implemented in the country.
They have not been able to follow up on the progress recorded with the two
industry audits in 1999 and 2004, because of lack of commitment,” Mr.
Rafsanjani said.

The CISLAC boss, who said his organization is planning a
publication, “Gaps between commitment and implementation: Civil Societies’ assessment
of the performance of NEITI”, to show how ineffective NEITI has become, said
“the inability of NEITI management to assert itself and demand accountability
from erring companies has been the main reason why a lot of things have been
swept under the carpet in recent times.”

Corruption in the
Secretariat

Two weeks ago, the media was awash with reports of corruption
charges against some top NEITI officials involving illegal allowances running
into over N15 million.

The former Director of Services, Stan Rerri, who withdrew his
services from the agency last June in controversial circumstances, accused the
erstwhile Executive Secretary, Haruna Sa’eed, of abusing his office by
receiving a “double salary for over 12 months” from the both United Kingdom Department
for International Development (DFID) and the Federal Government.

In a petition No. NEITI/ PETITIONS/DS/01 dated August 10, 2010
to President Goodluck Jonathan, Mr. Rerri alleged that he was victimized by the
NEITI Board, which he said declared his office vacant when his appointment was
yet to be terminated, for blowing the whistle on Mr. Sa’eed’s corrupt
activities.

The Federal Government, through letter No. SGF.19/S.52/C.3/T/75
of August 9, 2010, signed by the Secretary to Government of the Federation
(SGF), Mahmud Yayale Ahmed, ordered the removal of Mr. Sa’eed as Executive
Secretary of NEITI for what they said was “in the public interest”.

The crisis between the two officials, NEXT investigations show,
is rooted in a power tussle, which resulted in the setting up of a five-member
committee to investigate the handling of the 2009 Civil Society training
programme following reports of discrepancies in payment records, abuse of due
process in the disbursement of funds and general administrative lapses in the
secretariat.

The committee, which uncovered procedural breaches in the
procurement processes allegedly supervised by Mr. Rerri, said in its final
report that: “There was a very clear case of over-inflated hotel rates, for as
much as 100 percent on line items.”

“The meeting room rate (in Homegate Resort, Lagos used for the
programme) was N115,000, inclusive of VAT (value added tax), and service charge
on the tariff collected, yet NEITI was invoiced N150,000 for the meeting room,
exclusive of VAT and service charge”, the report said. “There was absolute
leadership failure at the NEITI Secretariat. There are clearly account
management lapses in the NEITI system, which resulted in a loss of over
N500,000 from the transaction,” the report went further to note.

As a result of the committee’s report, the Procurement Officer,
Tony Onyekweli, who handled the bookings for the venue for the workshop, and
the Accountant, Sunkanmi Adeoti, who disbursed the N15million used for the
programme, were discharged from their posts for “collusion, forgery, and
non-adherence to due process standards in policy formulation and implementation
of monetization policy convention.”

But, Mr. Rerri described the committee as a “fraud and a hatchet
body used as a pretence to kick people out,” saying “My petition to the
President was based on facts. Board members collected money. Records bearing
their signatures and the amounts they collected are there for all to see.
NEITI, as an institution that has transparency in its name, should not tell
lies.”

Worries over validation

NEITI Chairman, Assisi Asobie, refused to speak on the matter,
saying providing answers to questions concerning corruption charges against the
sacked officials as well as allegations of general laxity in the management of
the agency would touch on the official explanations on the issue sent to the
Presidency in response to the query issued.

Mr. Asobie was also not ready to grant a formal interview on the
activities of the NEITI in respect of the forthcoming EITI validation exercise,
saying doing so would jeopardize the process and compromise the official
documentation in the final validation report submitted by NEITI on July 1 to
the EITI Board ahead of the review exercise scheduled for Dar es Salaam,
Tanzania next October.

“There is nothing like a deadline for validation. The true
position is that all candidate countries that have not been validated,
including Nigeria, were given July 9, 2010, which has since passed. There is no
new deadline. But, the EITI Board is meeting in October to take a report of the
Validation Committee,” he said.

The Managing Partner of S.S. Afemikhe & Company, the
Nigerian auditing firm that participated in the two previous oil and gas
industry audits conducted so far by NEITI, Sam Afemikhe, told NEXT that since
those exercises, Nigeria has made sufficient progress that would stand it in
good stead for the EITI validation.

According to Mr. Afemikhe, considering the situation before
NEITI, when the oil industry was relatively opaque, the industry is opening up
today, even more rapidly than in developed societies, pointing out; “today,
everything is in the open. One would visit websites and see operational
processes and actual figures and data about oil companies’ operations, which
was not the case before.

“The 2006 and 2008 audits are in progress. All parties,
including the National Stakeholder Working Group (NSWG), are very supportive.
Nothing has changed, in terms of NEITI’s capacity to discharge its functions,
as far as the auditors are concerned. There is good progress in what is going
on. If the validation was supposed to be based on whether the audit is going
well, then there would be no hesitation to say that there is no issue for
Nigerians to fear anything,” he said.

Despite this vote of confidence, the industry is still grappling
with problems of how to get certain institutions like the Nigerian National
Petroleum Corporation (NNPC) to adhere to the basic EITI principles, which are
founded on the ethics of prudent management and use of natural resources, not
only for the benefit of the citizens but also for the promotion of sustainable
national socio-economic growth and development as well as poverty reduction
through a commitment to openness, transparency, and good governance.

Till date, the corporation is still unable to reconcile the
discrepancies uncovered in the 2004 and 2005 audits, and owes the Federal
Government N450 billion .

The National Coordinator, Publish What You Pay (PWUP) Nigeria,
Faith Nwadishi, said recently that it is illegal practices by institutions like
the NNPC that are undermining efforts by Nigeria to entrench transparency and
accountability in its extractive industry. “Why are we still talking on the
reconciliation of discrepancies in the 2005 audit report when we should be
talking about the 2008 report,” Ms. Nwadishi said, adding that it is issues
like this that show how unserious the government is with the commitment to get
EITI validation.

Nigeria in EITI

Nigeria, which signed to commit to EITI in November 2003,
launched the Nigeria EITI (NEITI) in February of the following year, followed
by a Bill to the National Assembly in December of the same year, to provide the
legal backing to the work of NEITI.

To demonstrate its commitment to meeting some of the EITI implementation
indicators, the first set of financial, physical and process audits for the
country’s oil and gas industry covering 1999 and 2004 was undertaken by a
consortium led by the London-based Hart Group in conjunction with a Nigerian
auditing firm, S.S. Afemikhe and Company.

With publication of the audit report, which identified several
weaknesses related to the management of oil revenues as well as poor governance
issues, an Inter-Ministerial Task Team (IMTT) put together a comprehensive
remediation action plan for implementation by the government.

The remediation plan covered five key areas: developing a
revenue-flow interface among government agencies; improving Nigeria’s oil and
gas metering infrastructure; developing a uniform approach to cost determination;
building human and physical capacities of critical government agencies; and
improving overall governance of the oil and gas sector.

With the passage of the NEITI Act on May 28, 2007, Nigeria
became the first EITI-implementing country with a statutory backing, while the
country was accepted as an EITI Candidate country on 27 September 2007, with
its final Validation report sent to the EITI Validation Committee on May 5,
2010, ahead of August 2010 deadline for the submission of its final report. The
deadline for Nigeria’s validation is September 9.

Nigeria is one of 28 EITI Candidate countries that would undergo
validation process to be listed as EITI Compliant country. Other Candidate
countries which have validation deadline ranging variously between September 9
and March 9, 2011, include Afghanistan, Madagascar, Albania, Mali, Burkina
Faso, Mauritania, Cameroon, Mongolia, Central African Republic (CAR),
Mozambique, Chad, Niger, Côte d´Ivoire, Democratic Republic of Congo, Norway,
Gabon, Peru, Ghana, Republic of the Congo, Sierra Leone, Iraq, Tanzania,
Kazakhstan, Yemen, Kyrgyzstan Republic, Yemen and Zambia.

Only three countries – Azerbaijan, Liberia and Timor-Leste – have so far
achieved EITI Compliant status.

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‘Free election is the responsibility of all Nigerians’

‘Free election is the responsibility of all Nigerians’

Redeployment from Special Duties to the FCT

It happened swiftly. I did
not know about it. The president came into the Federal Executive
Council to swear in three new ministers to complete the gap. He made
the point that there have been a lot of rumour and that we should try
to give only information we have at our disposal, as speculation would
not help. After swearing in the new ministers, he announced our names.
So, to me it was a surprise. I think he stressed the point that it was
redeployment and on my own part, even while in the military, there is
usually a movement of officers from one post to another. I want to
assure you that if the president makes me his PA tomorrow, I will
smartly go there.

High level of youth unemployment

Unemployment has been there for quite
a while and I am particularly alarmed, considering the number of
graduates that we are turning out from our universities. When I was in
Special Duties, I had the task of monitoring all federal government
projects and carrying out the evaluation of the same. I was building a
team in each zone to carry out monitoring with a central coordinating
unit to do the same in Abuja. While doing that, I was monitoring
projects and I was also insisting that the contractors who got
contracts running into billions should employ our graduates. In my
handing over notes to my successor, I urged him to continue in that
crusade. It would be senseless for us to bring foreigners for a job
Nigerians can do. I strongly believe I would do so in the FCT, to
employ more Nigerians and enforce all those contractors who got jobs
from the Federal Government to take them. Luckily there is an enabling
law that would assist us in achieving that. What has happened in the
past is that nobody had cared or bothers to enforce it.

Controversies in PDP ahead of 2011

The coast is clear for all parties
to put their houses in order ahead the 2011 election, so they are all
mapping out strategies to do that. What is of great importance to us is
that we must, irrespective of parties, try what we can to ensure that
we have a free and fair election in Nigeria. That is of paramount
importance to the president and we would drive it to its logical
conclusion irrespective of parties. If you want to know specifically
what my party is doing, we have a plan in place and we would unveil it
as time progresses. But, by and large, what is of greatest concern to
the president is that we should have a free and fair election, devoid
of violence. It is a collective effort and I buy into that.

Controversies about national honours list

All I want to say regarding
national honours is that there is no how you nominate people that there
would not be complaints. If the responsibility is given to you to
handle, some of us here would still complain. It is always like that,
but whatever happened in the last national honours, I want to
specifically say here that the name of the nominees had already been
compiled before I got to the ministry. It was meant to be released in
2009 when the late President took ill, so that ceremony could not hold.
The only part we played was just to pass it on, either to be combined
with the one of 2010. In fact, that was our position. But the president
decided to do it separately and I played no role as far as names were
concerned. I want to say that it is an inherited complaints or problem,
as far as the ministry is concerned. There is a board set up for
national honours. That board is comprised of notable citizens who are,
in their own right, men of honour. It is a standing board. They would
take application and inputs from all over the states and see whether
they are credible people. But you know, only God is the best judge.

His
action plan

Well, I am the Minister of State. I still have a Minister
there, so I would look at the Minister’s plan and see what I can infuse
into it, so that we would have good governance in FCT, and we would do
that by
showing good leadership ourselves. Any idea I have, I would always put
it before him for consideration because I believe that in a ship, there
would always be a Captain. I would not want to play the role of that
Captain because I’m not the Minister of FCT. That is the way I would
want to go along, so that we can closely work together without rancour.
I would rather behave like an Ekiti man who is decent and easy going
and, I’m sure with that, we would be able to do a lot.

Relationship
with Ekiti State government

Segun Oni and I are best of friends. I opted to serve in his
administration as the Chairman, Project Monitoring Committee. There are
many former governors who had passed through the state but I did not
opt to serve.
That I opted to serve him is because I believe it would help my state
and I am happy that Mr Oni saw it as such. When I left, we have always
been relating well. Anytime I am in the state, I make sure that I spend
some time with him. I will never have a quarrel with any political
leader in the state, no matter his party. I will always share
experience and give any advice that would make our state a better one.

Challenges of administering the FCT

I know that Nigerians would complain at different times. It is their
right to complain. My own land was taken by El Rufai. He said I did not
develop it. I wrote him a personal letter that the land was given to me
when I was in Bayelsa State as the military administrator and that I
did not have money to develop it. I told him he should not penalize me
because I did not build it. In fact I told him that if I had stolen
money in Bayelsa, I would probably have built many houses and that he
should leave that single land for me because I don’t have two. I said
if he found out that I had two, he could take the two but he should
leave that one for me. I don’t know if the letter got to him, but up
till last week the land is still there. The man whom they gave it to
could not build it. And now I’m in FCT! I was a military administrator.
I administered a state which had nothing. Bayelsa was worse than Ekiti
when I got there. The terrain was difficult and yet we built something.
We would do what is possible to make middle class and low-income
earners to own a home. That would be my personal focus and I would beg
the minister of FCT to see it in the same light.

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Home and away

Home and away

The failure rate of students in Nigeria gets worse
by the day. Last week, the West African Examination Council (WAEC),
released the results of the 2010 West African Senior Secondary Schools
Examination and only 24 percent of the students passed, “with credits
in Maths, English and three other subjects.” The rest cannot be
admitted in any university.

In Lagos, a volunteer corps decided to organise an
ingenious forum for some of the students, to find out why they failed
so badly. They blamed their teachers, the government, and the sheer
lack of facilities that forced them to do “alternative to practical” in
school leaving examinations. Many of them have never heard of a Bunsen
Burner. All of it sounded like excuses and more excuses.

But then Chidera Ota, a 16 year old Nigerian girl
born in London led the entire United Kingdom with 15A* in the General
Certificate for Secondary School (GCSE) released about the same time as
the Nigerian results. She got the grades in English literature and
language, Mathematics, Statistics, French, German, Latin, History,
Sociology, Chemistry, Biology, Physics and an IT qualification.

Now, Miss Ota is going to King’s School,
Canterbury, on a scholarship to study Chemistry, Physics, Biology,
Maths and Further Maths A-levels.

Yet there is another story even more remarkable: A
five year old Nigerian girl, little Dee Alli, also sat for the same
examinations.

And she passed – becoming the youngest person ever
to do so. And suddenly it didn’t look like the students at the Lagos
youth forum were just sounding off. Surely, if Alli and Ota were living
here, attending dilapidated schools, they couldn’t have achieved those
feats?.

The UK authorities have recently introduced the A*
as the highest grade in the GCSE examinations when too many students
were getting As.

In Nigeria, the decline continues unabated. Last
year, 98 per cent of the 234,682 who sat for the NECO examinations
failed to get the requisite five credits. The Registrar of NECO,
Promise Okpalla, said although there was a 1.2 percent pass, Kogi,
Bauchi and Ondo excelled in another field, leading other states in
examination malpractices.

Chidera and Dee show what could be if our educational system is better managed.

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PERSONAL FINANCE: Will you outlive your assets?

PERSONAL FINANCE: Will you outlive your assets?

It is important that retirees invest in a
diversified manner across all asset classes. By spreading your investments
across various asset classes, you will be less vulnerable where a particular
class underperforms.

Mrs Gomez is 72 years old. She has always been a
diligent, disciplined saver, and planned ahead for a secure and comfortable
retirement. She is a conservative investor and retained most of her savings in
the money market so that she could earn regular income. When the stock market
plummeted in 2008, she sold off the last of her shares, which she had held for
decades and thereafter placed all her hard-earned money in a bank deposit. Her
investments had traditionally earned her about 15% per annum; this made it
possible for her to take care of her monthly expenses.

Everything changed in June this year; Mrs Gomez
received a letter from her bank informing her that the interest rate on her
investment had been reduced to 3%. This came as a huge shock and she wondered
how she would cope with such a drastic reduction in her income. As she is
completely dependant on the interest on her savings, she sees her long-term
capital dwindling and fears that her living standards will soon be affected.
Her worst nightmare is that her money may run out well before she does!

Seek professional advice

It is important to seek professional financial
advice. A financial advisor will take a holistic view of your current financial
circumstances, and then devise an investment strategy that is in line with your
own unique situation. Taking into account your age and lifestyle, it will be
possible to determine how far you can stretch your funds, given certain
assumptions.

Don’t put all your eggs
in one basket

Senior citizens are usually discouraged from
taking risk and are more likely to be advised to hold most of their money in
‘safe’ investments that are capital protected. Cash is a most tempting asset
class, particularly in volatile times, yet it holds little promise of long-term
wealth creation, with inflation eating away at the principal and eroding the
value of their funds. With interest rates this low, it is difficult to earn any
meaningful income from your money without assuming at least some degree of
risk. It is thus important to invest in a diversified manner, spreading your
money across various asset classes. By doing this, you will be less vulnerable
where a particular class underperforms.

Whilst stocks have historically outperformed
other asset classes over the long term, for most old people the priority is to
preserve what they have. Without the advantage of a long period of time,
assuming such risk at this stage may not be appropriate as this is sure to
increase the risk and volatility of your returns over the short and medium
term.

If you are uncomfortable with, or cannot afford
to take any risk whatsoever, then it is important to remain in cash and hope
that rates will eventually recover. In the meantime, you may need to dip into
the principal to tide you over the volatile period, which could well be for an
extended period of time. In this regard, you may need to revisit your lifestyle
requirements, and cut back on your expenses for some time.

Dividend yielding stocks

Dividend yielding stocks, that is, stocks that
provide a decent cash flow, are one of the keys to a successful retirement
portfolio. The inclusion of such stocks can go some way to protect investors
from stockmarket volatility by compensating with dividends. Dividend yields on
some stocks are fairly predictable and can be as high as 5% and more, which is
higher than current money market rates. In addition, the growth prospects of
some of the companies present capital gains.

A cautious investor may prefer to invest in
equity mutual funds, which pool investors’ funds to invest in the stock market.
They are more diversified and as such, not as risky as direct investments in a
handful of individual stocks.

Can bonds help?

Bonds play an important role in any portfolio,
either through the purchase of individual bonds or via bond mutual funds.
‘Laddering’ bonds involves buying an assortment of bonds of various maturities
and then staggering the maturities over say one, two, and three, years. As each
bond matures, it may be re-invested for another period thus helping to set a
base level of income that can be relied upon to support retirement spending
needs.

Consider purchasing an
annuity

Another way to potentially receive regular income
and address the prospect of longevity, is to purchase an annuity from a
leading, reputable insurance company. Insurance companies in exchange for an
amount of money should be able to provide you with guaranteed income for a
specific period of time or sometimes for life. After determining how much
income you will receive from your pension and other investments you might
consider purchasing an annuity to make up the shortfall.

Annuities come with different terms and
conditions and can be quite complex for the lay investor. It is important that
you fully understand the terms and carefully weigh your options to be sure that
the fees and charges are not excessive and remove the advantage of such a
strategy.

Whilst low interest rates are generally viewed as
being detrimental to savings and of concern to those that rely on fixed income,
a low interest rate regime is expected to spur economic growth. In an ideal
world, companies and businesses should be able to borrow at affordable rates,
thus lowering their costs of production contributing to their profit margins.
As they invest in new factories and plants, and production increases, they hire
more workers with a reduction in unemployment. Consumers can also borrow at
cheaper rates than they ordinarily could and are able to reduce their personal
debt.

As a retiree focused on capital preservation and income generation, it is
easy to ignore the possibility of bonds, high-quality, dividend yielding
stocks, and other asset classes in a portfolio. Yet, there is the increasing
prospect of having to fund a 20-year post retirement period. By regularly
reviewing your retirement strategy, and ensuring diversification and exposure
to the various asset classes, you should be in a better position to navigate
market volatility and ensure your capital lasts for the rest of your life.

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NITEL and its never ending woes

NITEL and its never ending woes

The NITEL, Ikeja territorial district at Cappa, Oshodi, Lagos,
was once the training school of NITEL in the early 1980’s. In 2007, the NITEL
training school was handed over to the Nigerian Communications Commission (NCC)
to manage, under the name of Digital Bridge Institute (DBI).

Some of the unused office space has been transformed into living
quarters by some NITEL workers due to non-payment of salaries for over two
years.

Nasah-Palan Fagwam, a NITEL staff (works in the Customering
Engineering Department), said he has been living in one of the NITEL offices
since April 2009 because he was driven out from his previous apartment after it
was handled over to the commission, along with the training school.

“In April, 2009, I moved into this room. We were initially
allowed to stay here for three months, pending when our salaries would have
been paid to enable us get accommodation outside the office.

“As you can see, the space is so small; because of that, I had
to move my wife and children to Plateau State, where my wife is also schooling.
Things have been difficult for us. If you look around, so many workers live
here with their families in the same tiny room like mine. Some have been here
longer than I have been, and some workers have divided their family amongst
extended families and friends,” said Mr. Fagwam.

When NEXT visited the NITEL office, a storey building of about
twenty-four office spaces are occupied by the workers as homes, and the only
kitchen in the block has been constructed into a room. Wood planks are used to
make rooms along the path way of the building. Each room has their kitchen on a
table outside their rooms, and the occupants share just two bathrooms and eight
toilets on that building.

According to some workers, NITEL staff houses were sold to the
workers in 2007 and they were given 60 days to pay particular amounts to the
NITEL Pension Fund, controlled by Olushola Adekanola & Co., while others
were evicted from their houses, as these were also handed over to the NCC along
with the training school.

Another worker, Henry, said the archives that were in the
building had to be moved to another office space that has not been opened for
years.

Mr Henry said the situation of the workers living in the NITEL
office is the same other workers face in their various homes. He added that
some of the workers live off their wives in order for them to stay alive.

“This is just not only happening here. Some workers have divided
their families, some have moved into smaller places, just to have a place to
lay their heads. We now live off our wives’ businesses; we do chores at home in
order for us to get transport fees to come to work. This morning, I had washed
clothes and plates in my house before coming to work and I only come to work
when my wife gives me money to leave the house,” Mr Henry said.

The cry of the women

According to Rosemary Emmanuel, a NITEL casual worker, the
hardship they are going through is unimaginable.

“We are suffering here; government should pay us and our
husbands their salaries. You cannot even imagine your enemy to be in this situation;
this hardship is too much.”

Ms Emmanuel said that her late husband worked for NITEL and
passed on in February, 2000 and she has seven children, who all live with her
in a room at the NITEL office, Cappa. She said she got appointed as a cleaner in
NITEL after she lost her husband. She added that her first child is nineteen,
while the last is eleven, and none of them attends any school.

“You see this fish (she held up a tilapia fish) and this guinea
corn with so many weevils in it, is what I want to cook to feed my seven
children. We are suffering, our children are suffering, no money to train them
or feed,” said Ms Emmanuel.

“See my body, you think that I am old, which is not true but
because there is no money for me to take care of myself, wear good clothes or
make my hair, so I look older than my age. We live in fear here as snakes and
scorpions always enter our rooms. The government should please pay us our money
so that we can leave this place and get a better life,” added Ms Emmanuel.

Government, what is going
on?

NITEL workers say they do not understand why the federal
government has failed to pay them over 27 months arrears.

Kenneth Joshua, another NITEL staff, said, “Honestly, we don’t
even understand the situation any longer and what is really happening now.
Since after the sale of NITEL, government has not really come out to say their
own part of the issue. All we hear is that they are working toward paying the
workers. There have been so many panels or committees set up to looking into the
workers’ issues, but still, nothing has come out of it,” he said.

Mr Joshua added that because of his financial situation, his
father still contributes to his family’s upkeep.

“It is sad to say that my father still sends me money and some
friends always help me out with money too. In order to still stay in my house,
I had to get a lawyer and my pastor to write to my landlord assuring him that
once government pays me, I would not owe him one kobo and that I would pay my
rent and not run away.”

However, NITEL management said that they are not aware that the
some workers live in the office premises.

In a telephone interview, Sule Shedu, the spokesperson of NITEL,
said, “I am just hearing about this development. I need to find out from the
zonal public relations officer in Lagos. I do not know anything about this
development because I have never heard about it. The NITEL management is not
aware that some workers live in the NITEL offices. I am just hearing this for
the first time”.

However, Mr Fagwam said that the workers were given permission
to live in the offices by Engineer Kamalu, the former general manager of NITEL,
Lagos zone, who retired in July, 2010.

The many controversies of
NITEL

NITEL, the nation’s commmunications agency, has become synonymous
with many controversial issues resulting from mismanagement and fraud. The
federal government, potential bidders, NITEL management, and workers are the
key players in the whole saga.

Since 2001, the federal government has made a fifth attempt to sell
off NITEL and has failed to keep the establishment operational.

On February 16, 2010, the Bureau of Public Enterprises (BPE)
released a NITEL bid result that New Generations Telecommunications Consortium
had bided $2.5 billion for 75% percent equity of NITEL to emerge as the
preferred bidder.

Few days after the result was announced, China Unicom Limited, a
member of the New Generations Telecommunication Consortium, denied any
involvement with the bid of NITEL. In March, 2010, the federal government set
up a committee to investigate the NITEL bid, said to have been concluded by the
BPE.

As at the time of this report, the bid result of NITEL has not
been approved by the National Council on Privatization (NCP) and is still under
investigations.

However, some workers are hoping that the federal government
pays all outstanding arrears before October 1, 2010, as they have threatened to
disrupt Nigeria’s 50th Independence celebration if government fails.

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Experts charge government on corruption

Experts charge government on corruption

Some finance experts have said that until the Nigerian
government is serious about the war against corruption, the country may never
see significant development in the years to come.

Akinbade Ibisiola, head, research team, at Resource Cap Company,
a portfolio management firm, said corruption is the only “cancer” that is
eating the development status Nigeria should have attained.

“I see no reason why Nigeria at 50 years old cannot achieve some
serious level of developments like other nations, since we have both human and
natural resources,” Mr Ibisiola said.

“The only problem here is that a country like ours, where
different governments keep awarding the same project at different cost, can
never see significant improvement in infrastructure, the basic tool for any
economic development,” he said.

Afrinvest West Africa Limited, an investment management company,
in a report last month, also noted that the past government seemed to have lost
its grip on Nigeria’s anti-corruption war, as the successes achieved by the
Economic and Financial Crimes Commission (EFCC) have been eroded.

“Prior to Ribadu’s removal, the fear of arrest and conviction by
the EFCC was an ever growing consciousness in the minds of Nigerians,
especially within the political class. Under his leadership, the
anti-corruption war led to the prosecution of several high profile individuals
including former state governors, cabinet ministers, and senators, a scenario
that was hitherto unprecedented,” the report said, adding that despite
criticism that the EFCC was selective in its approach to fighting corruption,
there was noticeable change in the conduct of public officials.

“Nigeria made such significant strides in the war against
corruption that it climbed out of the bottom of global rankings in the
corruption perception index,” the report said.

Hopeless case?

According to the report, the current state of affairs in Nigeria
is “extremely disheartening” and leaves one with a feeling of hopelessness.

“Where an agency of government loses direction, following a
change of guard, shows inherent weaknesses in the nation’s governance and
institutional structures. A situation in which a contract for the construction
of a second runway at the Abuja international airport was awarded at the sum of
N64 billion ($400m) indicates a brazen proclivity towards misappropriation of
funds.Though this contract was only recently revoked, it is indicative of the scale
of abuse present within all three tiers of government across the nation,” it
said.

The report said the 48.4 percent in the 2010 budget over 2009,
which, according to government figures, was only 39 percent implemented, also
follows a similar trend of gross inflationary provisions for both recurring and
capital expenditure, without sufficient justifiable explanation.

Experts said for the government to deliver its goals of vision
2020 projects, making Nigeria one of the developed countries, President Goodluck
Jonathan has to find the political will to fight corruption headlong, as the
obvious slide down the corruption perception index will continue to impede
Nigeria’s quest for sustained economic growth.

On banking reform

In the same development, Kingsley Moghalu, Central Bank’s deputy
governor on financial system stability, recently said Nigeria has a lot to
learn from the developed nations, especially on the reformation of the banking
industry.

Citing an example, Mr. Moghalu said Nigeria needs to learn from
the new financial law, the Dodd-Frank Wall Street Reform Consumer Act, which
has just been signed into law by President Barrack Obama in the United States
(US).

“That Act is very important because of the dominant position of
the US in global finance. The banking reform exercise in Nigeria has some
similar characteristics with the Dodd-Frank Act,” he said, adding that “when
you see the characteristics, you’ll discover that there are strong parallels in
what is happening in Nigeria today and what the Central Bank is trying to do.
That makes it very clear that the reforms the CBN is setting out are not just
isolated idiosyncratic reaction to financial crisis, but are part of global
best practice adapted to the Nigerian condition,” he said.

Mr. Moghalu said one of the characteristics of the Act is that
it increases the authority of regulators to resolve systemic threats.
“Regulators can now break up threat financial firms whose capital collapsed and
has negative system life implication,” he added.

He also said that the Dodd-Frank Act contains the Volcker Rule,
which is important to the Nigerian economy.

“The Volcker Rule prohibits large banks from making speculative
propriety trades with their own funds. It limits banks, investment of banking,
edge funds and private equity funds to a maximum of three percent of every bank
capital, and it requires banks to spinoff non-core banking businesses and
financial derivatives.

“I think this is exactly what is happening in Nigeria. We have come to see
that it is time to split core banking out of non-banking business. We have our
own Volcker Rule, and it will be coming out very shortly,” he said.

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Shareholders panic as Exchange prepares to delist MTech

Shareholders panic as Exchange prepares to delist MTech

When Eunice Okeke bought shares of MTech Plc in July, 2009,
through her stockbroker, she thought she was making a worthy investment. The
shares had been listed by introduction on the daily official list of the
Nigerian Stock Exchange (NSE), under the information and communication
technology subsector, at N2.50 a few weeks earlier. At that point, investors
who had participated in its private placement barely a year before at the price
of N1.50, had already reaped a handsome 66.7 percent returns on their
investment.

MTech Communications had, in May 2008, raised N3.5 billion by
offering to prospective investors 2,333,333,334 ordinary shares of N1.00 each
at N1.50 per share. The offer was fully subscribed, proceeds of which was to
expand its business and enhance returns to its shareholders.

It was the hope of such returns that prompted Mrs Okeke to
invest in the firm, which was the first Value Added Services (VAS) company to
be listed on the exchange. On June 9, 2009, a total of 4,966,666,668 ordinary
shares of 50 kobo each were offered at N2.50 kobo per share, bringing its
market capitalisation to N12.42 billion. Chika Nwobi, cofounder and managing
director of the company, said of the listing, “we decided to list by
introduction so that those who have invested in the business can have an option
of liquidity.”

Unfortunately, the listing was done at a time when the stock
market was in turmoil due to the global financial meltdown, which had began to
take its toll on the Nigerian economy. By November 23, the share price had
slipped to 91 kobo, a depreciation of over 63 percent. Initial investors were
already making profit.

False declaration

However, any further hope that the shares would appreciate
according to the dynamics of market forces were dashed finally when, on
December 14, the NSE council suspended trading on the shares in order to
protect the investing public. In a letter dated December 11, 2009, and signed
by the former director general of the stock exchange, Ndi Okereke-Onyiuke, the
council accused some parties in the offer of tampering with the register of
members, overstating of the share capital of the company, as well as false
declaration of compliance filed with the exchange prior to listing of the company.

The letter, which was copied to the CBN governor, managing
directors of the Central Securities Clearing System, Platinum Capital,
Greenwich Trust, and MTech, stated, “We are aware that the Securities and
Exchange Commission and the Central Bank of Nigeria are considering matters
arising from the dispute between MTech Communications Plc and members of the
Bank PHB Group.”

The letter was in reaction to an earlier communication by MTech
to the exchange to the effect that these discrepancies had occurred. “Upon the
conclusion of action by the commission on the matter, the exchange proposes a
comprehensive review of the listing status of the company with a view to
delisting it from the official list.”

Sola Oni, spokesperson of the NSE, said MTech had some challenges
with Bank PHB over its private placement.

“Upon listing of the company, there were some discrepancies in
the register of shareholders and the council decided that until they make
clarifications, the shares may be placed on full suspension,” he said, saying
although the exchange did not give the parties a deadline to respond, it did
not also foreclose further investigation as the issues involved borders on
criminal intent. “We should get to the bridge before we cross it. For now, we
have not received any response from them,” he said.

Indebtedness

However, NEXT investigation revealed that directors of Mtech
were indebted to Bank PHB, through its subsidiary, PHB Asset Management Company
Limited. A source in the company, who spoke off record, said the directors of
the bank who were involved in the transactions had been relieved of their
employment, following the intervention by the Central Bank of Nigeria in the
troubled bank last year. Bank PHB is owed a total of N170.1 billion by 149
individuals and firms.

According to the source, at the conclusion of MTech’s private
placement in 2008, which was fully subscribed, Bank PHB failed to remit the
full N3.5 billion. The bank instead opted to deduct the amount owed it by the
directors and remit the balance. MTech is refusing to accept this arrangement,
as it was outside the terms of the placement agreement.

Kayode Falowo, managing director of Greenwich Trust, which acted
as stockbroking to the listing, said his firm was not involved in the
discrepancies mentioned. “I have repeatedly said that we are not involved with
these accusations. We wish to reemphasis that Greenwich is not involved with
the falsification of figures or tampering with shareholders register,” he said
in a text message.

MTech reported

Efforts to speak with Mr Nwobi was unsuccessful, as he refused
to respond to calls to his mobile. A source close to the company, however, said
it was the company that discovered the discrepancy and decided to notify the
regulators. In addition, the MTech had taken the PHB Group to court alleging
that its register of shareholders had been tampered with. The company insisted
that it reported the case to SEC and CBN and sought protection for its
shareholders by requesting the suspension of trading in its shares from the
NSE, pending resolution of the matter.

“MTECH’s directors have not been involved in (1) falsification
of figures (2) tampering with shareholders register. The directors and MTECH
Plc do have a dispute with BankPHB, PHB Asset Management, and PHB Capital and
Trust over irregularities in the handling of MTECH’s private placement and
listing,” a statement from MTech said. “The matter is before the Federal High
Court so no further comment can be made on it.”

An insider to the transactions, however, said MTech was being
economical with the truth. He said the directors, who were indebted to Bank
PHB, were looking for ways not to pay back their loans.

“We gave some individuals loans. They have not paid. If they say
we tampered with their register of members, there are documents, signed off by
MTech, which is still available. We have the list of people that subscribed to
the private placement. So when the time comes, there are documents to show the
true position of things,” she said.

However, while this corporate battle lingers, hapless shareholders of the
company are left in the lurch. They cannot get value for their investment for
all they are worth. When the shares are eventually delisted by the NSE, the
shareholders would have recorded a loss of about half the value of their
initial investment as at the time the shares were listed.

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Rereading Ibadan: A poem, its city and the gauntlet

Rereading Ibadan: A poem, its city and the gauntlet

No session of modern African poetry is complete without a
reading of the poem titled ‘Ibadan’, by John Pepper Clark-Bekederemo. It is
certainly difficult to escape an encounter with this poem, it being one of the
most anthologized poems ever to come from Africa. It celebrates a city which
is, and was, the champion cradle of literary culture in Nigeria.

The tribe of Nigerian writers recently inaugurated what promises
to be a movable feast in celebration of one of their most gifted in Kiagbodo, the
poet’s place of birth – a feast which then moved to Lagos and is expected to
cast anchor in Ibadan, the physical space that inspired the poem.

Bekederemo’s oeuvre is substantial, copious and varied. Once he
started to write approximately 50 years ago, he never stopped. In the entire
body of his poetic output however, one poem, of five mercurial lines, stands
out for its imagery and energy, its memorability and brevity. The poem also
stands out for being the most definitive poem on any city on the African
continent. In one burst of imaginative efflorescence, a poem of concentrated
power came to be, and to set the standard for poems aspiring to geographical,
intellectual and emotional precision.

Constancy

Why does this particular poem so succeed? We may never really
know. But perhaps because it is a mesh of discernible principles and
techniques, modes of seeing and of thinking, we may essay an explication. I
will argue that the poem succeeds ultimately because it is true. Poetic truth
of the kind I have in mind has been exhaustively treated and defended by
practitioners and critics of the craft from Shelley to C.S Lewis. It suffices
to say that in 50 years, Ibadan the city has remained its running conurbation
of a self, now rust, now gold, a star-crossed creature of the kiln, a child of
the tropic sun. Ibadan the poem has remained as constant as the Northern Star.

The poem, upon first reading, presents itself to the mind of the
as a photograph. But it is more, much more than still photography. It is a
product of a cinematic imagination. In spite of the compressed form of its page
presentation, it is charged with heteroclite energy in every syllable.
Run/ning. Splash. Flung. The sprinter Usain Bolt and all his ancestors come to
mind… watch the golden burrs latch on to them, from Bubastis to Sokoto, in
ultra-slow motion.

To borrow the language of physics, the poem appears as a scalar
quantity, with evidently measurable (and apparently miniscule) magnitude. In
actuality, the poem behaves as a vector. It is a vehicle capable of traveling
in multiple directions.

Opinion varies on whether this poem is a lyric or an epic. There
are powerful arguments and rebuttals on both sides of the opinion divide,
arguments which the poet appears to anticipate in the central binarism in the
poem itself. Another excursion to the field of physics proves useful in
essaying a plausible explanation of the phenomenon of Ibadan. For a long time,
physicists differed on whether light was particle or wave. Eventually it was
realised that light is actually a particle/wave duality. While direct
transpositions rarely work, I submit nevertheless that the enigma of Ibadan is
in reality a lyric/epic mesh, it breathes the air of both realms and the
geographic space it represents bears this witness out as true.

Immortal poem

Bekederemo, within the first line of Ibadan, harks back to
Homer, Chaucer, Basho and Pound – and blazes forward into a space that the
present generation of poets can confidently claim for its own. In many ways,
Ibadan is Bekederemo’s hugely successful optical experiment. If today
contemporary poets on the continent see with greater clarity, they ought to
acknowledge, with gratitude, the prism of Pepper Clark.

The poem challenges the oft repeated cliché that the map is not
the territory. Where the map is mere cadastral representation, no doubt, this
may very well be the case. But the power of poetry lies precisely in this: that
it is always more than words and the accumulation of words; always more than figures
and their combinations. Poetry defies equations and the very extremes of
topologic computation. When Pepper Clark wrote Ibadan, not only was an immortal
poem born, but a city also ascended to its place amongst the cities of the
world. Africa got its own city equal to Madrid, Tokyo, London and New York.

These are concepts which the merely photographic cannot
generate, cannot contain.

Bekederemo’s mind is superbly suited to accommodating these. His
is an estuarine frontier, elastic and deep. It is a littoral expanse in which
both flora and fauna lay equal claim to saltwater and fresh. It is a realm
annotated with buried treasures, a psychic space of bare and peopled islands.
See that mind at work in ‘Agbor Dancer’ and ‘Night Rain’.

Lyrical

This poem is one reason why, in a generation that produced an
Okigbo, a Soyinka and an Okara, J.P Clark was rated the most lyrical of the
poets of his generation by the Encyclopedia Britannica. It is one reason why,
today, when I teach creative writing, I never lack an exemplar worthy of the
continent.

Because Ibadan, the city, was settled by gregarious rebels from
all over the old Yoruba nation, its hills were both havens and look-outs. For a
long time, there were little de-militarised spaces and it was a city of the
gauntlet in all the senses of that word. Ibadan the poem contains that essence
of the challenge thrown.

Ibadan, the poem, is a feat of poetic intensity capturing the circadian
rhythms of a continent’s cultural capital in five fluid lines. It is a worthy testament
of a poetic mind at the height of its powers. Today, in my own 40 year to
heaven, I can better appreciate why, in his earliest interventions in my
artistic education, my father, himself a mature student of literature, set
before me the examples of a J.P Clark and a W.B Yeats. Both poets have written
splendidly, but I live in Ibadan, not Dublin, and, green with envy as any poet
should be that Bekederemo wrote Ibadan first, I am glad that he did and that
because he did, I can set a poem of my own city as standard before my children.
And urge them on to gold.

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Lessons from a colloquium

Lessons from a colloquium

Performance poet and Chair of the Association of Nigerian
Authors (ANA) Lagos chapter, Daggar Tolar, had a few things on his mind as he
arrived for the monthly reading of the branch on Saturday, August 14. Held at
the National Theatre, Lagos, the meeting started an hour behind schedule as key
participants, Tolar included, had been held back at the Colloquium being held
on the same afternoon at the University of Lagos for none other than John
Pepper Clark. Some would have wondered: why a clash with the bigger event
organised for Clark by the National executive of ANA? Tolar immediately
provided the answer as the meeting commenced. “We have not been involved in the
programme and detailing (of the Clark Colloquium). If we had been involved,
possibly this forum would have [merged] wit that particular meeting,” he said.

ANA matters

Tolar summarised the key issues discussed at the Clark event for
the benefit of his members, starting with ANA-specific matters which no doubt
preoccupied many in the writers’ body at the other event. The functions of the
ANA branches in relation to the national executive had been discussed by the
many state chairpersons at Unilag and; according to Tolar, the question of a
constitutional amendment had been raised, to be examined at the next national
convention, to be held in Akure, Ondo State.

The question of finances, always a burning topic was also on the
agenda. Many feel the present system, whereby ANA’s Audit Committee does not
meet with branches outside the once-a-year convention, such that there is no
real check on their operation. According to Tolar, “We have left today’s
meeting with a strong position: that we should work towards a constitutional
amendment so that we’ll have a legal framework to raise some of these issues at
the next convention.” The annual ANA awards and the possibility of using them
to engender increased participation by known writers in the activities of the association,
also came up for discussion. Therefore, “there is a thinking, whether it is
possible to have [a requirement that entrants into ANA awards must be active
members] to attract some of these persons. There is a position that we also
need to make a general appeal to known writers to see themselves as being
active members, as being part of ANA.” The challenge of how to attract active
participation by writers, inspired some debate by ANA Lagos members present
later, and several suggestions were made as to how to achieve this.

Clark colloquium

Lagos writers were also given an overview of what had taken
place with regard to the UNILAG event, organised to celebrate J.P Clark but
seen by many to have been far below expectations. “We had a series of discourse
on the work of JP Clark, and for those of us who are familiar with his
writings, he is somebody who has not been fully celebrated in [comparison] to
other icons. These questions were also raised at today’s colloquium,” Tolar
reported. The ANA Lagos chair then went into a spirited discussion of the works
of Clark, also known as Bekederemo. Touching on The Ozidi Saga and the merits
of Clark’s compassionate ‘Abiku’ vis-a-vis Soyinka’s poem of the same title,
Tolar lamented the paucity of the critical appraisal of Bekederemo’s work. Yet,
“Then there is a whole body of poems, which are common to nearly everybody.
There is ‘Night Rain’ which we are all familiar with from the syllabus; there’s
‘Abiku’. If you pick a work like ‘Abiku’…you come up with a humaneness.
Rather than take the part of the Abiku like Soyinka, we meet with a J.P Clark
who prefers to plead on the point of humanity, on the point of the pain that
womanhood has to go through, to suffer the repeated coming and going of an
Abiku.”

Unappreciated

Clark has written great works of literature, no doubt; what is
missing is the full celebration of the man, Tolar suggested, as others have
done. “What reasons should be adjudged for this?” he asked. “I asked this
question at [the] colloquium. Where do we put the blame? Do we put the blame at
the feet of literature, or do we blame it on all of us? Or is it that icons
have already been crowned – Drama, Wole Soyinka; Poetry, Okigbo; Prose, Achebe
– and we frown at crowning a second icon and so we ignore JP Clark and leave it
at that?”

The two-day colloquium held on August 13 and 14 had been ANA’s
way of attempting to redress the balance, Tolar said. Many speakers at the
colloquium had indeed attempted to answer the question of why Clark had not
been properly celebrated for his contribution to Nigerian literature. Ghanaian
poet Atukwei Okai, in his keynote address at the Clark Colloquium had mentioned
publishers and distribution networks as key determinants whether works are
available or not. John Pepper Clark’s books, many of which are out of print,
are a case in point. Tolar informed that the University Press Limited,
publishers of many books by Clark, attended the colloquium and indicated that
there are plan for reprints, a development that would allow more access to the
works. Atukwei Okai, while drawing attention to the rule of the political
economy in creating American ‘bestsellers’ lists while African works go
without, suggested a common African market as a way of getting around the
problem. “A single common African market automatically provides the opportunity
for singular published works to be able to address a bigger African continental
audience,” Tolar surmised. Secretary General of the Pan-African Writers
Association (PAWA), Okai also identified the little regard accorded to culture
and creativity by African rulers as one of the reasons why a persona like Clark
may be have been overlooked.

While Okai’s argument became the “crowning position” at the
colloquium, others suggested that the fault may lie in Clark’s own personality,
for his non-interventionist stance on Nigerian society. For someone who wrote
‘Ozidi’ an early pioneering work on the Niger Delta, it was observed that,
“when you mention the Niger Delta issue today, we do not hear his voice. So there
is a sense in which the absence of his own full intervention in the polity
outside of his literature has not helped.”

Even the ANA itself did not escape censure. Some felt that ANA
itself had botched a great opportunity to honour Clark by its bungling of the
planning for the colloquium, to the dismay of many, including the man being
celebrated.

Readings

Discussion of the Clark After discussions of the fallout of the
Clark Colloquium, the ANA Lagos meeting went into the reading and critiquing
session.

Readings were taken from four writers including Taiwo Oladipupo
Daniel, who rendered his poem, ‘Your mathematical life, our mathematical life’.
The poems ‘Admiration’ and ‘Janus’ by another Lagos writer, generated much
debate. And when it was the turn of Bob Roberts to give his energetic
performance of ‘Take My Life’, no seating was required. Daggar Tolar moved the
chair out of the way for him, to some laughter. ‘I give you a knife/ with it,
take my life/take it along with my wife/take all and end my strife…’ And so
starts Roberts’ poem. The only fiction reading of the afternoon was by this
writer, with an excerpt of the story, ‘Indigo’ from the 2010 Caine Prize
anthology, ‘A Life in Full’.

Deji Toye, a member of the Committee for Relevant Art (CORA),
took the stage after the readings to give a talk on ‘The Dynamics and
Challenges of Managing Literature and the Arts’. Focusing on how to turn art
into an industry, Toye looked at the visual arts, literature and the performing
arts, pointing out ways to create a “value chain” in order to make artistic
endeavour profitable. “The art scene in Nigeria is about to explode,” he
observed, mentioning a recent article in The Economist about Nigerian artworks.
He identified similar opportunities and changes in the marketing of books (with
the advent of E-reader, Kindle and the iPad) and the home video industry.

Toye’s talk led to much spirited debate among ANA Lagos members. The meeting
closed soon afterwards, with a strong sense that writers present had not only
looked at issues affecting their own chapter, but the Nigerian literary body as
a whole. Above all, many who had not attended the Clark colloquium felt like
they had been there, thanks to Daggar Tolar’s fulsome feedback.

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