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ENVIRONMENTAL FOCUS: Sympathy for Aba, a bedeviled city (I)

ENVIRONMENTAL FOCUS: Sympathy for Aba, a bedeviled city (I)

Forget the sleepy town of Umuahia, Aba is the commercial and
spiritual capital of Abia State. But for the now decayed Government College,
founded in 1929, and the Michael Okpara University of Agriculture, Umuahia
would hardly be recognised on the map of Nigeria.

A slight correction of a popular error: the cognomen “Enyimba”
is metaphorical, and actually from a figurative description of Aba that dates
back to the 1940s. It simply means “Great city,” and not the more
environmentally-friendly “People’s elephant,” preferred by modern-day football
fans.

Despite the industry and innovation inherent in the people of
Aba, and the recent headlines in tabloids declaring it a “kidnap capital of
Nigeria,” the heinous crime of hostage-taking is not an invention of the city.
Before we get over-excited and descend into the usual Nigerian past-time of
scape-goating, let us not obscure the fact that kidnappers from Akwa Ibom,
Bayelsa, Delta and Rivers are enjoying financial stipends in comfortable
rehabilitation camps, under a Federal Government amnesty.

These Robin Hoods of the mangrove forest were hailed as
‘militants,” “freedom fighters” and accorded royal treatment at Aso Rock.
Nobody seemed to quarrel with that, and no state of emergency suggested in
these areas from the exalted seat of the Senate President. But clearly, few
governments anywhere in the world can afford to romanticise, bagatellise and
reward criminal behaviour without running the risk of encouraging emulation and
replication.

The British had planned Aba as a typical “junction town,”
located equidistant from Uyo,

Port Harcourt and Owerri, with Onitsha not much farther away in
the radius.

Thus, Aba became rapidly commercialized and assumed a
cosmopolitan vibrancy in the 1950s, attracting public servants, professionals,
merchants, and the entertainment industry from other parts of Nigeria.

I still remember the house in which the barristers Rhodes (the
late Steve’s father), and Udo Udoma lived in, the homes of the Adeniyi-Joneses,
Drs Pearse and B.J.

Ikpeme, the architect Aboyade-Cole, and Allwell-Brown’s stores.
In 1959, Mike Leet from the UK succeeded Tony Hylton of Jamaica to the cricket
captaincy at Aba Club. The Assistant District Officer in the city at the time
was one Emeka Ojukwu, fresh from Oxford University. The late Margaret Ekpo,
after whom the airport in Calabar is named, was the NCNC MP for Aba-Urban in
the Eastern House of Assembly at Enugu.

On the scrap heap

What is crucial about visiting Aba these days is not so much how
to get there in terms of transportation means, but the mental and emotional
constitution of the traveller. From an environmental and social perspective,
life in Aba is practically on the scrap heap – no roads, no water, no
electricity, no waste management, and no government! The abundant commodity is
lawlessness and therefore crime. So why would anybody want to go there?

On landing at Port Harcourt last week, the first cab driver I
asked to take me to Aba, looked quizzical as though he thought I needed to see
a psychiatrist. The second was a cut-throat and promised to go if I forked out
N40,000! A third and I agreed to N10,000.

The 60 kilometres from Port Harcourt to Aba is slightly more
than a drive in the Federal Capital Territory, from Asokoro to Gwagwalada. It
took us three hours in the mugging heat of broad daylight! There were 35
checkpoints and countless potholes and crevices that made the road look like
blisters on the moon surface.

A bus overtook us as we got into Aba. On its rear was the inscription: Uwa
di egwu – the world is awesome!

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Ogun banks close over rumoured attack

Ogun banks close over rumoured attack

Commercial banks operating in Abeokuta, Ogun State capital,
yesterday closed shops against customers, following rumours of an armed robbery
plot to attack targeted financial institutions in the town.

Some suspected armed robbers have allegedly concluded
arrangement to launch attack on a number of banks in the town, a development
which forced many of the banks to hurriedly halt operations.

Many customers, who were not aware of the speculations, were
locked out by the bank officials. The banks also contacted the police to
request for increased security.

When NEXT visited some of the banks, customers were sighted
waiting in droves, while the banks staffers refused to open their doors,
arguing that it would be risky to continue operations.

Some of the bank officials were seen peeping through the
windows. At Oke-Ilewo area, where a larger percentage of banks were located,
even the presence of a police armoured vehicle was not enough to reassure the
bank staff.

“Do you think we are safe, even with the armoured vehicle in
our vicinity, my brother we are all aware that the equipment of these bad boys
are more sophisicated than the police, even the armoured tank we are talking
about is like ogbanje (unreliable),” said a staff who preferred not to be
named.

But the Ogun State Police Command Public Relations Officer,
Muyiwa Adejobi, down played the issue, adding that the Command had however
deployed more officers to various locations within the town and environs.

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Gabon seeks bids for 3G telecoms license

Gabon seeks bids for 3G telecoms license

Gabon is seeking
bids from international telecoms companies for a 3G mobile network
license, the government said in a release on Monday.

Mobile and Internet
service in the central African oil exporter nation is notoriously
patchy and the government has been seeking to improve
telecommunications as part of a broader effort to diversify investment.

India’s Bharti Airtel became one of Gabon’s largest mobile phone
service providers in June after if bought the African assets of
Kuwait’s Zain in a deal worth nearly $9 billion.

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Ivorian cocoa supply hit by poor quality

Ivorian cocoa supply hit by poor quality

Poor quality capped
the amount of cocoa reaching shipping docks in top grower Ivory Coast
last week, widening the year-on-year supply deficit to nearly 2
percent, exporters said on Monday. Some 6,000 tonnes reached the West
African nation’s two ports between July 19 and July 25, bringing
arrivals volumes since the start of the season in October to about
1,082,000 tonnes, the exporters said.

Heavy rains in Ivory Coast in recent weeks have caused cocoa trees
to sprout plenty of pods but have made it difficult for farmers to
properly dry out the ripe beans. Ivory Coast produces about a third of
the world’s cocoa, but output is on track to hit its lowest since at
least the 2004-05 season as plantations suffer years of under
investment in the wake of a civil war.

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Algeria cereal imports down 34 per cent

Algeria
cereal imports down 34 per
cent

The value of
Algeria’s cereal, semolina and flour imports declined 34.13 percent in
the first six months of this year, customs data showed on Monday,
reflecting the impact of last year’s strong domestic harvest.

The bill stood at $969 million, down from $1.47 billion in the
January-June period of last year, according to the data published by
the official APS news agency. It gave no figure on the import volumes.
Algeria’s domestic grain harvest reached a record 6.1 million tonnes in
2009, allowing it to reduce imports. Algeria’s overall food imports
were down 11 percent to $2.99 billion in the first quarter of this year
from $3.35 billion in the same period of 2009, the customs data
published on Monday showed.

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Combating cyber crime

Combating cyber crime

A U.S. based
Nigerian Forensic Consultant, Nathaniel Cole, says access to the use of
Information and Communication Technology (ICT) by security agencies
will help them in fighting cyber crimes. Mr Cole, who is also an
anti-money laundering specialist, said in an interview with the media,
on Monday in Abuja, that it was unfortunate that many police stations
in the country had no access to even computer.

“Police stations and police vehicles in other countries are equipped
with computers and we are supposed to be fighting the same type of
crimes,” he said. “Our law enforcement agencies need to be properly
equipped and their personnel trained in the use of ICT to fight crime.”
He also stressed the need for the National Assembly to make appropriate
laws that would help in fighting cyber crimes in the country. “Right
now, there is no definition of what cyber crime is in the country,” he
said. “There is a need to properly define what cyber crime is and how
to combat it.” Mr Cole also called for the enactment of evidence and
data protection laws, saying that it would help the security agencies
in the use of digital evidence in prosecuting suspected cyber
criminals.

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Stocks gain on asset bill

Stocks gain on asset bill

The
capital market has remained on a positive note with increase in
investors’ activities a week after the Asset Management Corporation of
Nigeria (AMCON) bill was signed into law.

At
the close of trading session on Monday, the two main parameters for
measuring market performance at the Nigerian Stock Exchange (NSE)
-market capitalisation and All-Share Index-inched up by 1.02 per cent
to close at N6.243 trillion and 25,527.44 basis points, from N6.179
trillion and 25,269.36 recorded last Friday. The NSE has recorded about
N186 billion gains since the recent rebound.

Analysts
at Proshare Nigeria Limited said the positive performance recorded so
far cut across all the sectors on the bourse, “but could be attributed
mainly to good performance recorded in the banking and some other blue
chips stocks.” They said as market outlook remains positive, the trend
in some sectors showed indications of profit taking by investors as
sell pressures seem to be gaining momentum. “This may be sending
signals that profit taking activities may be more prominent in the
coming days.”

Banking sector retains lead

The
banking sector led the market transaction volume on Monday with 255.402
million units valued at N2.182 billion exchanged in 3,611 deals.
Transactions in the shares of United Bank of Africa, Zenith Bank,
Platinum Bank, and First Bank Nigeria boosted the volume traded in the
sector.

The
total volume of 136.138 million units valued at N1.370 billion traded
in the shares of the four banks accounted for 53.30 per cent of the
entire sector volume and their value represented 62.79 per cent of the
sector’s value. The number of gainers at the close of trading session
closed at 35 compared with the 40 gainers recorded on the previous
trading day, while losers closed at 29 as against the 22 recorded in
the preceding trading day.

Upturn
remained dominant in the banking stocks as transactions in the sector
closed with 15 gainers to three losers compared with the 17 gainers to
two losers recorded last Friday. Analysts say investors’ interest in
the sector continues to grow stronger by the day. The upbeat trend
influence in the breweries sector remained relatively as the only price
change recorded was on the positive note, a reverse of the previous
day’s trend. Performance of stocks in the conglomerate sector at the
close of trading session reflected stronger sell pressures as
transactions closed in the sector with two losers compared with one
gainer to a loser recorded on Friday.

The
number of gainers in the Food/Beverages sector declined to one compared
with five gainers recorded on Friday while the number of losers closed
at one, a repeat of the previous day’s losers figures. Proshare
analysts say stocks in the sector also present “buy opportunities for
discerning investors.”

Market outlook

Commenting
on the economy outlook for the second-half of the year, Biodun Adedipe,
chief executive officer of Biodun Adedipe & Associates Limited, a
business consultancy firm, said, “A combination of the need for
continued stimulation of the economy and the political activities in
2010 towards general elections of 2011 will create liquidity surfeit.”
Mr. Adedipe, said the recent banking reforms, though necessary at the
time they were introduced “have not been well managed to achieve the
intended results.” He, however, said that the central bank, in the
second-half of the year, will want to be careful about liquidity
management and may not run a restrictive monetary policy.

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New BP boss should boost safety, asset sales

New BP boss
should boost safety, asset
sales

Bob Dudley, who is
expected to be named BP’s next CEO, must move quickly to restore the
oil giant’s battered image in its most important market, improve safety
and make BP a leaner company.

BP’s board met on
Monday to discuss a plan for Tony Hayward to step down as Chief
Executive following criticism of his handling of the Gulf of Mexico oil
spill, and be replaced by Dudley, who is heading the spill response
effort.

Investors hope
Dudley will help repair BP’s image in the U.S, which has been damaged
by a clumsy public relations strategy and a series of gaffes by
Hayward. “As an American he (Dudley) may well be more acceptable to the
U.S. political machine than the other alternatives for the role, which
could serve to better protect value in the U.S. for BP long term,” said
Jason Kenney, oil analyst at ING in Edinburgh.

The U.S. is home to
40 percent of BP’s assets and much of its growth but the public and
political anger over the oil spill has led to fears BP may no longer be
able to operate effectively in the U.S.

Dudley benefits
from experience of navigating fractious disputes, having led BP’s
Russian joint venture, TNK-BP, through a dispute between BP and its
oligarchs partners over control of the company.

He will also need to improve BP’s safety record to recover the respect of U.S. lawmakers.

This could require
a change to BP’s buccaneering approach, where division managers have
had greater freedom than their peers in other big oil companies and top
management has been willing to take greater commercial risks.

“A total change in
the culture of this company is necessary,” Democratic Representative Ed
Markey, chairman of the House Select Committee on Energy Independence
and Global Warming, said on CBS’s “The Early Show.”

Expensive mistakes

In the past five
years, BP has endured three of the industry’s most expensive and
reputationally damaging safety and environmental lapses.

An explosion of a
Texas refinery in 2005 killed 15 workers and cost the company billions,
while an oil spill in Alaska in 2006 led to millions of dollars of
fines and helped cement BP’s reputation in the U.S. as a reckless
operator.

Regulators blamed both incidents on cost-cutting under Hayward’s predecessor John Browne.

Investors, once
charmed by BP cost cutting, may now be more focused on a safer approach
too from the group that pumped more oil and gas than any other
non-state controlled oil concern last year.

“The company’s
strategy will need to be fundamentally changed in order to rebuild
future confidence in the company. Clearly, safety will need to become
the centrepiece,” said Dougie Youngson, oil analyst at Arbuthnot.

Investors and analysts also predict strategic changes.

As part of a peace
deal with the White House, which had been putting massive pressure on
the oil giant, BP agreed to establish a $20 billion fund to compensate
those affected by the spill.

It plans to sell $10 billion of none-core assets in the coming year to help finance that.

Last week the
company said it had agreed the sale of $7 billion of assets and invited
offers for another $1.7 billion worth of gas fields in Asia.

-REUTERS

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Here comes Audi Q7

Here comes Audi Q7

The 2010 Audi Q7
comes with sharp looks that could take your breath away. The car has
got everything a driver might desire. Is it speed, heavy built,
powerful stance, aggressive outlook, or plush interior? They all make
up the total package for the users to enjoy.

The 2010 Audi Q7
holds up every feature expected from a German-engineered large
crossover Sports Utility Vehicle. The latest Audi SUV is ideal for
family usage and holiday trips, just as its well crafted interior is
enough to make driving pleasurable and memorable.

Design

The Audi Q7 comes
in three model levels that match up with engine choices. They are the
3.6 premium with 3.6 litre gas V6 engine, TDI premium with V6 diesel
engine, and a 4.2 prestige model, which comes with 4.2 litre V8 engine.

The 3.6 premium
model steps on 18-inch wheels and comes with other features like xenon
headlights. Its interior packs multi-faceted features like dual-zone
automatic climate control, Bluetooth, Multi Media Interface (MMI) with
a display monitor and a premium audio system with a six-CD changer,
satellite radio, iPod integration, and an auxiliary audio jack.

The Q7 TDI steps on
higher wheels of 19 inches and has chrome trims on its exterior body.
The 4.2 prestige model comes with unique bumpers, grille, and body-side
mouldings. Its interior comes with four-zone climate control,
power-adjustable steering, and wood shift knob.

A higher luxurious
package can also be got with the TDI and 4.2 prestige model. It comes
with upgraded leather upholstery, 20- or 21-inch powerful wheels,
four-zone climate control, a 14-speaker Bang & Olufsen
surround-sound audio system, and adaptive cruise control.

The 2010 Audi Q7 is
ranked high with its interiors parts and details. The SUV comes as a
solid choice that seats seven passengers.

Engine Power

The 2010 Audi Q7 is
equipped with three varying engines of 3.6-litre V6 (280 horsepower and
266 lb-ft of torque), a 4.2-litre V8 (350 hp and 325 lb-ft) or a
3.0-litre turbodiesel V6 (225 hp and 406 lb-ft).

All models of the
SUV are integrated with a six-speed automatic transmission and manual
shift control. They come as all-wheel drive.

The V8 engine is
capable of covering a distance of 0-60 mph time in eight seconds, while
the V6 diesel engine covers same distance in 8.3 seconds, and 9.5
seconds for the V6.

Safety

The car possesses a
number of standard features like antilock brakes, traction control,
full-length side curtain airbags, and front-seat side airbags,
seat-mounted side airbags, stability control system, and active front
headrests. It also has a blind stop warning system that alerts drivers
if there is another car stationed beside it. It has back up camera that
enhances car parking.

Price

The car has an official price of $46,900 (about N7 million).

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Untitled

Untitled

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