EMEKA AGINAM's Blog (53)

N280m consent judgement: Judge dragged before NJC

By Abdulwahab Abdulah

Justice Sunday OIadokun Ishola of a Lagos High Court, Igbosere has been dragged before the National Judicial Council (NJC) over allegation that he issued a writ of attachment to levy execution on a purported consent judgment in spite of pending issues before the court.

In the petition filed by Oceanic Bank Plc through its counsel, Chief Bolaji Ayorinde, SAN to the NJC, the bank is asking the body to… Continue

Added by EMEKA AGINAM on September 6, 2010 at 6:30am — No Comments

Is MTN real empowering its Customers?

The just ended MTN World Cup Naira Splash Competition is one of its customer reward initiatives aimed at touching the lives of its subscribers and making them live their dreams. And it must be said that the competition will linger for a long time in the memories of many Nigerians because of its various elements and the unique results achieved.

It was introduced as part of activities marking the staging of the FIFA 2010 World Cup hosted by South Africa, the first ever to be hosted on… Continue

Added by EMEKA AGINAM on September 6, 2010 at 4:30am — No Comments

Market integrity and protecting investors

Eze Nwagbaraji

The common interest of Nigerians in a growing economy that produces jobs, improve our standard of living, protects individual savings, and encourage capital formation that is necessary to sustain economic growth is never in doubt.

Between 2003 and 2008, millions of us across urban and rural Nigeria embraced the call of the capital market. The rural market woman, the village farmer, and the professional urban dweller, all… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:58pm — No Comments

Protest over unclaimed dividend, abandoned property Act heightened

By Peter Egwuatu

A fresh protest by shareholders and operators in the capital market over the reintroduction of the Unclaimed Dividend Trust Fund and Abandoned Property Act (UDTFAPA) by the National Assembly has emerged.

The stakeholders in the capital market have queried the rationale for combining Unclaimed Dividend and Abandoned Property in the recently proposed Act, stressing that both issues should not be confused to mean the same… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:52pm — No Comments

Micro credit users advocate liberal requirements to facilitate access

By Babajide Komolafe

Members of the micro business community have called for more liberal credit requirement that will facilitate accessibility to micro credit in the country They also called for cheaper administration of micro credit in order include millions of under_served but economically active Nigerians in the financial system. The stakeholders, who comprised market women, traders, drivers, labour union representatives, community leaders, traditional rulers, state government… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:45pm — No Comments

Nigeria to adopt international financial reporting system in January 2012

By Henry Umoru & Salamatu Ismail

AS part of plans to meet international standards, the Federal government has disclosed that new accounting system , the International Financial Reporting Standard (IFRS) will take off in Nigeria on first of January, 2012. According to the government, the choice of the date is anchored on the need to effectively transit to IFRS over a three year period.

Unveiling the IFRS road map, , Minister of Commerce… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:44pm — 1 Comment

My bakery does not need electricity to operate , Mr. Folorunsho Mohammed

By Daniel Alfred

Bakery business is about one of the most lucrative business in the country due to the rate of consumption of its products. But despite the lucrativeness of the bakery business, its capital intensive nature and running cost have made it almost an exclusive venture for the rich and well connected people.

But considering the epileptic nature of public power supply, the high operating cost of running a diesel-powered generator… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:42pm — No Comments

Why problem of non-performing insider related credit persists in banks , RIMAN President, Abolo

By Babajide Komolafe

Non performing insider relatd credit and poor risk management practices are problems which have persisted in the banking industry and also responsible for the periodic cycle of banking crisis.

This is confirmed by the revelations of the special audit of banks last year. In this interview with Babajide Komolafe, newly elected President, Risk Managers Association of Nigeria (RIMAN), Dr. Emmanuel Abolo, who is also the… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:39pm — No Comments

I would have become an unhappy physician , Finicky World boss

By Ebele Orakpo

Why would someone after going through several years of rigorous training and sleepless nights in the medical school, eventually drop his certificate for a ‘less prestigious’ job? The only plausible explanation would be passion for the so-called less prestigious job.

For Dr. Lekan Onasanya of Finicky World, a fast food outfit, it is not a question of prestige or money but fulfilment and love for what one is doing. He passionately believes in one following his dreams… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:35pm — No Comments

Daniel gets award on enterprise development

GOVERNOR Gbega Daniel of Ogun State, has been bestowed with the African Star Excellence Award in Enterprise Development by the London based African Business Leadership Consortium for for expanding industrial development and creating the enabling environment for investments to flourish Presenting the Award, the organizers led by Mr. Ken Giami, said Governor Daniel had shown his understanding of the workings of investments and that through his liberal land policies and friendly business climate,… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:27pm — No Comments

Pay-as-you-go: How AON stirred the hornet’s nest

Kenneth Ehigiator

The calm in the nation’s aviation industry has again been disrupted, this time, not by air crashes, not by workers or pensioners’ agitations for better pay and improved conditions of service, but by the new pay-as-you-go payment mode for navigational charges introduced by Nigerian Airspace Management Agency, NAMA.

While NAMA reserved the right to protect its interest through measures to arrest airlines’ refusal to pay for services rendered, the role of Airline… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:23pm — No Comments

Lagos seeks to create long term funding for housing

Yinka Kolawole

Governor Babatunde Fashola has signed into law a bill establishing the Lagos State Mortgage Board, describing it as part of efforts by government in seeking to create long term funding for housing development in the state.

At the signing ceremony, Fashola remarked that housing development has not been a problem as construction of houses are ongoing in different parts of the state, but that the main challenge has been making affordable houses accessible to those who… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:18pm — No Comments

FG plans to achieve housing targets with foreign investors

Yinka Kolawole

The federal government is planning to achieve its target of building 54,500 housing units across the country within the next one year by engaging capable foreign firms.

To underscore its determination to ensure that the mandate is achieved, the Ministry of Lands, Housing and Urban Development, in July, advertised for expression of interest, to which a number of foreign investors were said to have indicated their interests.

A Committee on Public-Private… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:16pm — No Comments

Eneramo fumbles in Eagles’ victory

Mike Eneramou yesterday in Calabar, justified Lars Lagerback’s decision to drop him from the World Cup team that played in South Africa.

He scored a goal made so easy by man of the match Obafemi Martins two minutes into stoppage time of the first half.

Martins had run from the left, outpaced Madagascar defenders and laid a perfect assist for Eneramou in the six yard box. Any touch meant that the ball would be inside the net as the keeper, by Martins run, had been sent to the… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:05pm — 7 Comments

Keshi, Oliseh on line for Eagles’ job

By Onochie Anibeze

Immediately after the World Cup, Stephen Keshi was in Nigeria for a brief holiday.When he gathered that the Nigeria Football Federation had settled to give the Eagles coaching job to Samson Siasia, he withdrew his interest and wished his former teammate well.

Back to his base in the United States, Keshi heard that the new NFF had thrown the job open and he quickly reacted at the weekend. And so has Sunday Oliseh who is coaching in Belgium.

“Keshi and… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:03pm — 5 Comments

Lagos assures Enechi family of support

The Lagos State government, says it will support the family of SportsDay’s late Assistant General Manager, Mr Emeka Enechi who passed on last week.

Commissioner for Youth And Sports, Prince Demola Adeniji_Adele, gave the assurance while speaking at the Service of Songs held for Enechi, last Friday at the Multipurpose Rowe Park Sports Centre in Lagos .

He said Governor Raji Fashola has also directed him to represent him at the burial, adding that after the burial, the… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:01pm — 2 Comments

ECOWAS Games: Athletes boycott training

By Ben Efe

Nigerian athletes at the maiden ECOWAS Games have refused to train for the competition, which began at the weekend in Abuja.

The athletes embarked on the sit-tight action, because of what they claimed as unfair treatment from the organizers of the Games.

“They kept us in a tardy secondary school hostel which is 35km away from Abuja. We found this inconvenient for athletes of our status,” said a sprinter who has represented Nigeria at the international… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:00pm — 2 Comments

Lower interest rates? What M.A.N. must do

By Les Leba

The current contribution of manufacturing to Nigeria’s Gross Domestic Product (GDP) is currently below 4%; that is well below the target of 15 – 20% required for us to become one of the top 20 countries in year 2020. Manufacturers are generally in accord that the greatest impediments to industrial expansion are the poor power infrastructural base and the relatively high cost of funds.

There is, of course, no doubt that power… Continue

Added by EMEKA AGINAM on September 5, 2010 at 8:00pm — No Comments

Siasia is free to reapply for Eagles job , NFF

By Fidelis Ebu, Abuja

Nigeria Football Federation president, Aminu Maigari said that the federation will search diligently for a new coach for the Eagles, after the Federation broke off negotiations with Samson Siasia.

He said that the former national under-23 coach was free to reapply for the job, if he so desires.

Maigari submitted that the Federation decided to throw the offer open in order to attract other coaches who may be interested in the job this include… Continue

Added by EMEKA AGINAM on September 5, 2010 at 7:58pm — 4 Comments

Eagles were unconvincing , Ezeuguo

Jacob Ajom

Former Nigeria international defender, Emeka Ezeugo described the Eagles’ performance in the Nation Cup qualifiers against Madagascar Sunday in Calabar as below average.

The Eagles laboured to a 2-0 win with first half goals from Obafemi Martins and Michael Enaremo. But according to Ezeugo, the Eagles need to do more in subsequent games if they are desirous of making any impact at the 2012 Nations Cup.

“The Eagles may have won, but they are far from convincing.… Continue

Added by EMEKA AGINAM on September 5, 2010 at 7:55pm — 4 Comments

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