THE FINAL APPROVED MDG PROJECTS FOR EKWUSIGO LGA

RENOVATION OF THE COUNCIL CHAMBERS AT EKWUSIGO LGA

The Renovation and refurnishing of the council chambers is definitely the first project of the new local government administration under the Chairmanship of Hon. Jude lachas Mbaegbu.

Before their inception, the building was converted to 'NATIONAL I.D CARD OFFICE' and was not befitting for the councillors.

The chairman said he embarked on the project to provide a condusive working environment for the councillors to enable them carry out their duties without distractions.

THE NEW CBN GOVERNOR

Profile of Godwin Emefiele, new CBN GOV

on february 20, 2014 at 1:42 pm in news

He is the Group Managing Director, Zenith Bank Plc, a position he has held since August 2010. Until then he was the Deputy Managing Director of the bank, having been appointed into that position in 2001. Emefiele has been on the bank’s management team since inception and has held various management positions in the bank, including serving as the Bank’s Executive Director in charge of Corporate Banking, Treasury, Financial Control and Strategic Planning.Until he took over as Group Managing Director, Emefiele was directly responsible for all the Group’s local subsidiaries, Treasury and Correspondent Banking, and Multilateral, Conglomerates, & Private Banking. He also had responsibilities for direct supervision of majority of the bank’s branches in Lagos and Northern Nigeria.Emefiele has over twenty-six (26) years banking experience and holds a B.Sc and an MBA in Finance both from the University of Nigeria Nsukka. Before commencing his banking career, he lectured Finance, Bank Management, and Insurance at the University of Nigeria and University of Port Harcourt respectively.

Source: http://www.vanguardngr.com/2014/02/profile-godwin-emefiele-new-cbn-gov/#sthash.qECGmB7V.AMy99ZPn.gbpl

MEET THE ACTING CBN GOVERNOR, DR. SARAH ALADE

PROFILE OF THE ACTING CBN GOVERNOR

Dr. Sarah Alade (OON) Deputy Governor, Economic Policy - Since 3/26/2007. Acting Governor Central Bank - 2014

Dr. Sarah Omotunde Alade was appointed Deputy Governor (Economic Policy) Central Bank of Nigeria on 26th March, 2007. She attended the University of Ife, Ile-Ife (now Obafemi Awolowo University) where she obtained a B.Sc (Hons) degree in Economics in 1976. She also obtained an M.Comm degree at the University of Melbourne, Melbourne, Australia in 1983 and a Ph.D Management Science (Operations Research), from the University of Ilorin in 1991.

Dr. Sarah Alade commenced her working career in 1977 with the Ministry of Finance and Economic Development, Ilorin, Kwara State. In 1991, she joined the University of Ilorin as a Lecturer in the Department of Accounting and Finance. She joined the Central Bank of Nigeria in 1993 as an Assistant Director in the Research Department where she served as Head, State Government Finance Office (1993-1996), Head, Federal Government Finance Office (1996-2000) and Head, Fiscal Analysis Division (2000-2004).

Dr. Alade has served on the teams on major economic policy studies, and has been involved in the preparation of Central Bank of Nigeria’s Monetary and Credit Policy Proposals over the years. She was actively involved in the drafting of the Medium Term Economic Programme (MTP) for Nigeria and the IMF staff Monitored Programme/Standby Arrangement.

Dr. Alade was appointed Director, Banking Operations Department in May 2004. In that capacity, she served as Chairman Board of Directors, Nigeria Interbank Settlement System (NIBSS) as well as Secretary, National Payments System Committee (NPSC).

Dr. Alade was a member of the Technical committee of the Vision 2010 and currently a member of the Technical Committee of Vision 2020 and member of the National Economic Management Team (EMT).

As Deputy Governor, Economic Policy, Dr. Mrs. Alade superintends over the Economic Policy Directorate, comprising the Research, Monetary Policy, Trade and Exchange, Statistics Departments and Financial Markets Department. As Chair of the Monetary Policy Implementation Committee (MPIC), she interfaces with operational departments and coordinates technical inputs for the Monetary Policy Committee (MPC).Dr. Alade, who is a member of the Nigerian Economic Society (NES), has several publications to her credit and is currently carrying out research into Interest Rate Policy and Monetary Policy Implementation in Nigeria. Dr. Mrs. Alade is a Fellow of the Nigerian Institute of Operational Research. She is married with children.

source: Saintmoses Eromosele 

SANUSI SHOWN THE WAY OUT

Jonathan suspends Lamido Sanusi as CBN gov

on february 20, 2014 at 9:30 am in news

President Jonathan has announced the suspension of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi.This was made known in a statement signed Thursday by Reuben Abati Special Adviser to the President (Media & Publicity.The statement reads thusHaving taken special notice of reports of the Financial Reporting Council of Nigeria and other investigating bodies, which indicate clearly that Mallam Sanusi Lamido Sanusi’s tenure has been characterized by various acts of financial recklessness and misconduct which are inconsistent with the administration’s vision of a Central Bank propelled by the core values of focused economic management, prudence, transparency and financial discipline;SanusiBeing also deeply concerned about far-reaching irregularities under Mallam Sanusi’s watch which have distracted the Central Bank away from the pursuit and achievement of its statutory mandate; andBeing determined to urgently re-position the Central Bank of Nigeria for greater efficiency, respect for due process and accountability, President Goodluck Ebele Jonathan has ordered the immediate suspension of Mallam Sanusi Lamido Sanusi from the Office of Governor of the Central Bank of Nigeria.President Jonathan has further ordered that Mallam Sanusi should hand over to the most senior Deputy Governor of the CBN, Dr Sarah Alade who will serve as Acting Governor until the conclusion of on-going investigations into breaches of enabling laws, due process and mandate of the CBN.The President expects that as Acting Governor of the Central Bank, Dr. Alade will focus on the core mandate of the Bank and conduct its affairs with greater professionalism, prudence and propriety to restore domestic and international confidence in the country’s apex bank.The Federal Government of Nigeria reassures all stakeholders in Nigeria’s financial and monetary system that this decision has been taken in absolute good faith, in the overall interest of the Nigerian economy and in accordance with our laws and due process

Source: .http://www.vanguardngr.com/2014/02/jonathan-suspends-lamido-sanusi-cbn-gov/?utm_source=dlvr.it&utm_medium=twitter

Senator Chris N. D. Anyanwu

LETTER TO MY PEOPLE

I write to formally inform you of my decision to quit APGA.

Let me assure you that it was not a decision that came easy because, entangled with political considerations was the huge emotional burden arising from the special relationship I have cultivated with the ordinary struggling people who populace APGA. But it is precisely for them and in their interest that I make this move.

I have looked at the political landscape, the unfolding formations and the interplay of forces nationally and decided that the Peoples Democratic Party (PDP) would present a more assured avenue through which I could continue to advance the interests of the hard-working, courageous people of my constituency.

I return to the PDP in the interest of the common people who I represent in APGA; in the interest of my whole constituency, Owerri Senatorial Zone; and indeed in the interest of the whole State.

In these tumultuous days, it is in their best interest that I return to a platform that will position me to be part of the important conversations and events unfolding in the effort to shape a new Nigeria society.

APGA has been mired in internal crises and litigations that have drained its energies, resources and focus. The rare historical break-through we enjoyed in clinching the Governorship seat which presented an opportunity to build a stronger party in the State became a lost dream. The peoples' struggle and victory became an aborted dream as the chief beneficiary abandoned the party and joined the Opposition.

I have worked hard, invested more to restore hope in APGA. When other leaders left, I stayed back as the steadying force in Imo APGA. I have been the one dealing with the anxieties and morale problems of party people resulting from the intractable leadership tussles. But I have looked at the political landscape and seen the stormy weather gathering and I know that the future depends on forging creative alliances that will give the people real value for governance.

Therefore, I move in the interest of the people.
______________Senator Chris N.D. Anyanwu (MFR)
Imo East Senatorial District.
(Tuesday, February 18, 2014)

And Nigeria just auctioned off the 2.3GHz Spectrum

and Nigeria just auctioned off the 2.3GHz Spectrum

While sitting at one end of the hall analysing the automated auction process for the 2.3GHz Spectrum by the Nigeria Communications Commission NCC, at the Trasncorp Hilton Abuja few hours ago, a thought came to my mind.

The two companies that finally qualified were all Yoruba owned, Globacom and Bitflux. But the story of Biflux was of great interest to me.As soon as I heard last week that the starting price for the auction would be $23 million, I was worried for Bitflux.Where will they get such huge sum of money from. They ended up beating Globacom to it by offering $23,251,000 as against Globacom’s $23,051,000.

I spoke with the Chief Operating Officer of Globacom Mohammed Jameel after the bidding and he said that Globacom is of the view that the flow price was high for their business model.I know that Glo needs that spectrum so bad because they want to use it to rollout their fixed lines services due to the challenges of fiber cut and delay in getting approval to dig up ground to lay cables.

But Bitflux, a small consortium promoted by young men all of whom are between 44 and 48, Mr Tokunbo Talabi,Tunji Gafar and Biodun Omoniyi. How they managed to come together to form the consortium within so short a time was of great interest to me because I know them separately as VDT Communications Limited, Bitcom Systems Limited and Superflux International Limited.

The power to come together in business and in other things is an edge the Yoruba have over the Igbo. I know of so many successful Yoruba businesses that have made it big.

While nosing around, asking how they will be able to raise $23 million in 14 days and also pay the operating license fee of N155 million in 30 days or lose the spectrum, I was very reliably informed that they have big time Yoruba billionaires behind them because they know the potential of that spectrum.Who controls it today will control the Nigerian broadband tomorrow.

Why did Zinox and four other Igbo businesses pull out.Could they not have come together too.....

Am still thinking...but there is Harmattan in this city!

By Kelechi Deca
Editor at large, Newstrackers International