Wednesday, February 5, 2014

Finally Bankole opens up in detention

ABUJA— EMBATTLED former Speaker of the House of Representatives, Mr. Dimeji Bankole, who was arrested, Sunday, by operatives of the Economic and Financial Crimes Commission, EFCC, opened up, yesterday. - See more at: http://www.vanguardngr.com/2011/06/bankole-opens-up-in-detention/#sthash.6uS3VLJw.dpuf
ABUJA— EMBATTLED former Speaker of the House of Representatives, Mr. Dimeji Bankole, who was arrested, Sunday, by operatives of the Economic and Financial Crimes Commission, EFCC, opened up, yesterday. - See more at: http://www.vanguardngr.com/2011/06/bankole-opens-up-in-detention/#sthash.6uS3VLJw.dpuf
Source Vanguard news

ABUJA— EMBATTLED former Speaker of the House of Representatives, Mr. Dimeji Bankole, who was arrested, Sunday, by operatives of the Economic and Financial Crimes Commission, EFCC, opened up, yesterday
                                               Hon. Dimeji Bankole and EFCC boos, Mrs. Farida Waziri



Vanguard learnt that he has started mentioning names after being grilled for more than 12 hours by the anti-graft agency over alleged financial impropriety in the House of Representatives during his tenure which ended last week.
The former speaker was said to have refused to cooperate with the commission for more than twelve hours between Sunday evening and yesterday morning when he was requested to write a statement on what he knew about the allegations against him. But when he was brought out from his cell yesterday morning and he saw that the anti-graft agency meant business, he became sober and started to tell his story.
Meanwhile, Vanguard learnt that the agency was yesterday trying to secure a remand order that would enable it to keep Bankole in custody for a week while he is being interrogated. It had earlier got an order from a magistrate court in the Federal Capital Territory to carry out a search on all his known property.
Intensive search on property
A  highly placed source at the EFCC said: “This morning our operatives undertook an intensive search of all property known to belong to the former speaker in Abuja. The warrant also covers his other property in Lagos and Abeokuta, in Ogun State.”
Although he didn’t state where the property were located in the various cities in the country, but one of these would be the mansion on No. 8 Richard Clapperton Street, in Asokoro, where the former speaker was arrested by EFCC operatives the previous night.
The source added that the search by the EFCC was to unearth documents and files that would help the Commission in its efforts to prosecute Bankole for numerous financial and economic misappropriations during his tenure as Speaker of the House of Representatives.
He added: “It’s a normal investigative procedure performed for such a high profile investigation by the Commission, and our officers took away from his house some documents and files that we believe will enable us to build a credible case against the suspect when we finally charge him to court.”
The commission has also seized his travel documents to prevent him from jetting out of the country.
Meanwhile, Bankole is said to be undergoing “thorough grilling” at the hands of EFCC interrogators who are trying to establish his role in alleged numerous financial misconduct while he served as the number four citizen.
Response to text messages
EFCC’s Head of Media and Publicity, Mr. Femi Babafemi, confirmed in text message response to questions posed by our correspondent that the former speaker was undergoing interrogations at one of the cells at the Commission’s headquarters.
Babafemi said: “He is still being interrogated, while we have got a warrant to search his property.” He, however, refused to comment on when Bankole could possibly be charged to court to face legal action for his alleged role in financial misconduct in the House of Representatives.
The EFCC arrested the former speaker at his residence in Asokoro, Abuja, in a raid which lasted for more than four hours, Sunday, bringing to an end weeks of hide and seek between the two.
Bankole had adamantly shunned invitations by the Commission to come in and answer questions regarding some financial impropriety including a N10 billion loan secured by the former speaker using his office as a speaker of the House of Representatives. An attempt to arrest him last Friday was thwarted by his well-armed security details who had confronted the EFCC officers, leading to a stand-off which lasted through the weekend.
The anti-graft agency is investigating the speaker’s role in some alleged financial transactions executed by the House, which included the alleged use of the House’s accounts as collateral to secure a private loan.
The former speaker is also being investigated for allegedly taking a loan of N10 billion for the House without any resolution of the House supporting the said loan, as well as N2.3 million contract scam and alleged misappropriation of over N9 billion from the 2008/2009 budget allocation to the House as well as the purchase of NET building in Lagos for N4 billion.
Meanwhile mixed reactions yesterday trailed Bankole’s  arrest by the EFCC.
While some Nigerians urged the commission to arrest and investigate other lawmakers, others described the arrest as a charade.
Human Rights lawyer, Mr. Bamidele Aturu, said the EFCC should ensure thorough investigation of the matter including all members of the out-gone Sixth House.
His words: “The arrest should not stop with the former Speaker, every member of the National Assembly in the last dispensation should be investigated and those found culpable must be brought to book.”
Embarrassment to the nation
Aturu described Bankole’s arrest as “embarrassing to the nation, morally indefensible and legally untenable” because “Bankole occupied a moral position in Nigeria. He was morally and legally bound to submit himself to the EFCC for questioning rather than trying to resist it.”
He commended the EFCC for showing that nobody was above the law in Nigeria.
Chairman of the National Action Council, NAC, Dr. Olapade Agoro, urged EFCC “to ensure that a good job was made of Bankole’s arrest” because “the conduct of the Speaker prior to the arrest was a disgrace to the youths of Nigeria.”
He said: “It becomes more saddening that a young man who earns over N100 million per quarter should have his name tainted in any form of financial allegations. Even the allegations against Mrs. Patricia Etteh, who was disgraced out of office as Speaker was a child’s play, compared to the current allegations emanating from the House.”
Agoro said that EFCC must pursue and arrest other members of the House, including the Senate in the last dispensation, to logical conclusions, adding: “The final arrest of Bankole is highly encouraging because it at least put paid to the belief and wrong assumption in some quarters that some Nigerians are above the law.”
Proof of  innocence
The Conference of Nigerian Political Parties, CNPP, on its part, said the arrest should not end as a mere fanfare.
The South West Secretary of the CNPP, Mr Austin Nnorom, told NAN that justice must be seen to have been carried out by EFCC on the allegations. He said: “If the former Speaker is to be acquitted of the allegations, Nigerians must be shown proof of his innocence and vice_versa.”
However, the Coalition of Oodua Self_Determination Groups, COOSEG, said the EFCC was playing on the emotion of Nigerians with the arrest.
COOSEG Director of Strategy, Razaq Oladosu said: “The commission was quoted in the media to have set up two committees on Sunday that would investigate the Speaker after giving impressions to Nigerians that investigations had been concluded. The former speaker or anyone else, would be a fool not to have tied up loose ends because there was adequate time since the EFCC started harping on the arrest to cover any such tracks.”
Oladosu said that a sincere war on corruption must start with a change in the leadership of the EFCC that had “indicted more persons on the pages of newspapers than in actuality.”

 


Jonathan’s administration creating jobs, building infrastructure, Okonjo-Iweala replies Reps

The Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala has
responded to the 50 questions posed by the House of Representatives Committee on Finance during the 2014 budget presentation.
In a 102-page document obtained by Vanguard, the Minister said, in spite of the many challenges facing the government, the Nigerian economy has shown real and measurable progress in many areas, including increase in job creation, improvement in roads, rail and other infrastructure.
She added that the country is also saving for the future and planning better for the present.
On job creation, the minister said a total of 1.6 million jobs were created in 2013, according to the National Bureau of Statistics (NBS), of which 250,000 were seasonal jobs created in dry season farming in 10 northern states.
The document reads:
” In manufacturing, the Onne Oil and Gas Free zone created an estimated 30,000 direct and indirect jobs. The government special intervention programme YouWin supported young entrepreneurs, creating over 18,000 jobs. The SURE-P Community Services prgramme has also created 120,000 job opportunities.
“The improvement in federal highways has been confirmed by many Nigerians
who travelled over the Christmas and New Year holidays. Key highways which have witnessed significant progress include Kano-Maiduguri road, the Abuja-Lokoja road, the Apapa-Oshodi road, the Onitsha-Enugu-Port-Harcourt road and the Benin-Ore-Shagamu road. Preliminary work has commenced on Lagos-Ibadan road and the Second Niger Bridge.
“The Railway Modernization Programme involving the construction of standard gauge lines is underway. The 1,124 km Western line linking Lagos and Kano is now functional while work on the Eastern line linking Port Harcourt to Maiduguri is about 36% complete. The Abuja-Kaduna Standard Gauge line has attained 68% completion, and the Itakpe-Ajaokuta-Warri Line which is presently 77% completed, will be completed next year. The annual passenger traffic on our railways has increased steadily: rising from 1 million in 2011 to 5 million in 2013.”
Power
” We have completed one of the most comprehensive and ambitious power sector privatization and liberation programmes globally. We have privatized 4 power generation companies and 10 power distribution companies, and have virtually settled all claims and entitlements of PHCN workers. Some major cities get an average of 16-18 hours of electricity per day in 2013. This however dropped in November and December during the transition we expect some teething problems and then power supply should pick up. In 2013, we also mobilized $1.5 billion in financing from multilateral sources for investment and upgrade of the transmission network in 2014 and beyond. To promote clean energy, we also commenced construction of the 700MW Zungeru Hydro-Power project in 2013. We have strengthened relevant power market intermediaries such as the Nigerian Bulk Electricity Trading Plc (NBET), and backed them with financing to stimulate greater private investments in the sector.”
Manufacturing
“We launched the National Industrial Revolution Plan (NIRP), which focuses on industrializing Nigeria and diversifying our economy into sectors such as agro-processing, light manufacturing, and petrochemicals. In the 2013 fiscal year, Nigeria was named the #1 destination for investments in Africa by UNCTAD (the UN Conference on Trade and Development), attracting over $7 billion in FDI.  There were a large number of both foreign and domestic investments in the economy, such as by: $250m investments by Procter and Gamble in Ogun State; $40 million in agricultural projects by Dominion Farms. To further support the manufacturing sector, the Government successfully negotiated a strong Common External Tariff (CET) agreement with our ECOWAS partners, which would enable us to protect our strategic industries where necessary. The Nigerian Enterprise Development Programme (NEDEP) was initiated in 2013 to address the needs of small businesses.
Some key interventions by NEDEP include supporting small companies with
access to affordable finance, access to markets, capacity support, business development services, youth training, and support in formalizing their operations. In addition, in 2013, we reduced business registration costs for small businesses by 50%, to help them conserve capital. Finally, as a result of our backward integration policies, Nigeria is now a net exporter of cement and expanded cement output capacity from 2 million metric tonnes in 2002 to 28.5 million metric tonnes in 2013.”
- See more at: http://www.vanguardngr.com/2014/01/jonathans-administration-creating-jobs-building-infrastructure-okonjo-iweala-replies-reps/#sthash.uBGfjvdl.dpuf


The Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala has responded to the 50 questions posed by the House of Representatives Committee on Finance during the 2014 budget presentation.

In a 102-page document obtained by Vanguard, the Minister said, in spite of the many challenges facing the government, the Nigerian economy has shown real and measurable progress in many areas, including increase in job creation, improvement in roads, rail and other infrastructure.
She added that the country is also saving for the future and planning better for the present.
On job creation, the minister said a total of 1.6 million jobs were created in 2013, according to the National Bureau of Statistics (NBS), of which 250,000 were seasonal jobs created in dry season farming in 10 northern states.

The document reads:
” In manufacturing, the Onne Oil and Gas Free zone created an estimated 30,000 direct and indirect jobs. The government special intervention programme YouWin supported young entrepreneurs, creating over 18,000 jobs. The SURE-P Community Services prgramme has also created 120,000 job opportunities.

“The improvement in federal highways has been confirmed by many Nigerians
who travelled over the Christmas and New Year holidays. Key highways which have witnessed significant progress include Kano-Maiduguri road, the Abuja-Lokoja road, the Apapa-Oshodi road, the Onitsha-Enugu-Port-Harcourt road and the Benin-Ore-Shagamu road. Preliminary work has commenced on Lagos-Ibadan road and the Second Niger Bridge.

“The Railway Modernization Programme involving the construction of standard gauge lines is underway. The 1,124 km Western line linking Lagos and Kano is now functional while work on the Eastern line linking Port Harcourt to Maiduguri is about 36% complete. The Abuja-Kaduna Standard Gauge line has attained 68% completion, and the Itakpe-Ajaokuta-Warri Line which is presently 77% completed, will be completed next year. The annual passenger traffic on our railways has increased steadily: rising from 1 million in 2011 to 5 million in 2013.”
Power

” We have completed one of the most comprehensive and ambitious power sector privatization and liberation programmes globally. We have privatized 4 power generation companies and 10 power distribution companies, and have virtually settled all claims and entitlements of PHCN workers. Some major cities get an average of 16-18 hours of electricity per day in 2013. This however dropped in November and December during the transition we expect some teething problems and then power supply should pick up. In 2013, we also mobilized $1.5 billion in financing from multilateral sources for investment and upgrade of the transmission network in 2014 and beyond. To promote clean energy, we also commenced construction of the 700MW Zungeru Hydro-Power project in 2013. We have strengthened relevant power market intermediaries such as the Nigerian Bulk Electricity Trading Plc (NBET), and backed them with financing to stimulate greater private investments in the sector.”

Manufacturing
“We launched the National Industrial Revolution Plan (NIRP), which focuses on industrializing Nigeria and diversifying our economy into sectors such as agro-processing, light manufacturing, and petrochemicals. In the 2013 fiscal year, Nigeria was named the #1 destination for investments in Africa by UNCTAD (the UN Conference on Trade and Development), attracting over $7 billion in FDI.  There were a large number of both foreign and domestic investments in the economy, such as by: $250m investments by Procter and Gamble in Ogun State; $40 million in agricultural projects by Dominion Farms. To further support the manufacturing sector, the Government successfully negotiated a strong Common External Tariff (CET) agreement with our ECOWAS partners, which would enable us to protect our strategic industries where necessary. The Nigerian Enterprise Development Programme (NEDEP) was initiated in 2013 to address the needs of small businesses.
Some key interventions by NEDEP include supporting small companies with access to affordable finance, access to markets, capacity support, business development services, youth training, and support in formalizing their operations. In addition, in 2013, we reduced business registration costs for small businesses by 50%, to help them conserve capital. Finally, as a result of our backward integration policies, Nigeria is now a net exporter of cement and expanded cement output capacity from 2 million metric tonnes in 2002 to 28.5 million metric tonnes in 2013.”

- See more at: http://www.vanguardngr.com/2014/01/jonathans-administration-creating-jobs-building-infrastructure-okonjo-iweala-replies-reps/#sthash.uBGfjvdl.dpuf

TCN expands transmission capacity to 7,000MW

The Transmission Company of Nigeria, TCN has expressed readiness to transmit 7,000 megawatt of electricity sequel to massive expansion work on the country’s transmission lines. The transmission lines initially had the capacity to transmit 5,000 megawatt of electricity that would be generated from Generation Companies, GENCOs.
According to the Presidential Task Force on Power, Nigeria’s peak generation currently stands at 3,600 megawatts, although the country hopes to generate above 5,000 megawatts, TCN said it is ready for transmission. TCN General Manager Public Affairs, Mrs. Seun Olagunju said the company currently has the capacity to transmit 7,000 megawatts of electricity.
Commenting on the recent drop in power supply, Olagunju said some of the power plants were shut down for maintenance purposes, re-iterating that maintaining the nation’s power plants is aimed at improving power supply.  She said the shutdown of Shiroro plant was necessary so as to allow the engineering maintenance crew to rectify faults on the station’s carbon dioxide control panel.
Recall that Kainji power plant with installed capacity of 760 megawatts, was shut down as a result of multiple faults that affect the eight units. Kainji’s 1G5, 1G7, 1G8, 1G9 and 1G10 units were also shutdown as a result of rehabilitation and faults of various type.
600megawatts Shiroro Hydro plant was also out due to ongoing repairs and overhaul, but later came back on stream after repairs was carried out.Also the 507megawatts Sapele NIPP, went out completely due to gas constraints, loading problem and civil work on its basement.
The 1,131megawatts Alaoji NIPP was also shut down following a water injection test of GT1 unit while GT2 unit was shut after 72 hours performance test.For the 500megawatts Olorunsogo NIPP plant, it was similarly out due to gas constraints and maintenance routine after a commissioning test.
It was also reported that GT1-3 and ST1 units of the plant were out due to gas constraints while the ST3 unit was shut down after a commissioning test and the GT4 unit was down for maintenance purpose.The 150megawatts Omoku IPP was reported for not generating electricity to the grid due to collapsed towers on the Omoku/Port Harcourt mains 132kv lines.
Trans-Amadi IPP had its GT1 and 3 units out as result of faults, while GT2 and 4 units tripped due to reversed power.
On the issue of TCN/Manitoba management contract, Mrs. Olagunju explained that there is harmonious working relationship between the duo. She stated that Manitoba signed a contract to manage TCN for three years, adding that it has been a healthy working relationship as against what was reported
However, the National Assembly had urged the Federal Government to equally unbundle the Transmission Company of Nigeria (TCN) like the Power Holding Company of Nigeria (PHCN), to make it more efficient and also called for a total review of the contract agreement government entered into with Manitoba.
Senate Committee on Power chair, Senator Philip Aduda and his counterpart in the House of Representatives, Patrick Ikhariale, had since called for the agreement documents to enable it study the grey areas that negate the principle of Nigerian content which gave the company an advantage to the detriment of Nigerian experts in the sector.
Aduda said, “we need to ensure that apart from Manitoba Hydro International managing the transmission sector, we must have the technical counterpart, because they are here as management partners.
“We have demanded for copies of the agreement so that we can proffer solutions to the lingering problem. We must look at that agreement because the Bureau of Public Enterprises (BPE), was there and must remember most of those aspects in question,” Aduda stated.
- See more at: http://www.vanguardngr.com/2014/02/tcn-expands-transmission-capacity-7000mw/#sthash.uaEWbY5J.dpuf

The Transmission Company of Nigeria, TCN has expressed readiness to transmit 7,000 megawatt of electricity sequel to massive expansion work on the country’s transmission lines. The transmission lines initially had the capacity to transmit 5,000 megawatt of electricity that would be generated from Generation Companies, GENCOs. - See more at: http://www.vanguardngr.com/2014/02/tcn-expands-transmission-capacity-7000mw/#sthash.uaEWbY5J.dpuf
The Transmission Company of Nigeria, TCN has expressed readiness to transmit 7,000 megawatt of electricity sequel to massive expansion work on the country’s transmission lines. The transmission lines initially had the capacity to transmit 5,000 megawatt of electricity that would be generated from Generation Companies, GENCOs. - See more at: http://www.vanguardngr.com/2014/02/tcn-expands-transmission-capacity-7000mw/#sthash.uaEWbY5J.dpuf
The Transmission Company of Nigeria, TCN has expressed readiness to transmit 7,000 megawatt of electricity sequel to massive expansion work on the country’s transmission lines. The transmission lines initially had the capacity to transmit 5,000 megawatt of electricity that would be generated from Generation Companies, GENCOs.
According to the Presidential Task Force on Power, Nigeria’s peak generation currently stands at 3,600 megawatts, although the country hopes to generate above 5,000 megawatts, TCN said it is ready for transmission. TCN General Manager Public Affairs, Mrs. Seun Olagunju said the company currently has the capacity to transmit 7,000 megawatts of electricity.
Commenting on the recent drop in power supply, Olagunju said some of the power plants were shut down for maintenance purposes, re-iterating that maintaining the nation’s power plants is aimed at improving power supply.  She said the shutdown of Shiroro plant was necessary so as to allow the engineering maintenance crew to rectify faults on the station’s carbon dioxide control panel.
Recall that Kainji power plant with installed capacity of 760 megawatts, was shut down as a result of multiple faults that affect the eight units. Kainji’s 1G5, 1G7, 1G8, 1G9 and 1G10 units were also shutdown as a result of rehabilitation and faults of various type.
600megawatts Shiroro Hydro plant was also out due to ongoing repairs and overhaul, but later came back on stream after repairs was carried out.Also the 507megawatts Sapele NIPP, went out completely due to gas constraints, loading problem and civil work on its basement.
The 1,131megawatts Alaoji NIPP was also shut down following a water injection test of GT1 unit while GT2 unit was shut after 72 hours performance test.For the 500megawatts Olorunsogo NIPP plant, it was similarly out due to gas constraints and maintenance routine after a commissioning test.
It was also reported that GT1-3 and ST1 units of the plant were out due to gas constraints while the ST3 unit was shut down after a commissioning test and the GT4 unit was down for maintenance purpose.The 150megawatts Omoku IPP was reported for not generating electricity to the grid due to collapsed towers on the Omoku/Port Harcourt mains 132kv lines.
Trans-Amadi IPP had its GT1 and 3 units out as result of faults, while GT2 and 4 units tripped due to reversed power.
On the issue of TCN/Manitoba management contract, Mrs. Olagunju explained that there is harmonious working relationship between the duo. She stated that Manitoba signed a contract to manage TCN for three years, adding that it has been a healthy working relationship as against what was reported
However, the National Assembly had urged the Federal Government to equally unbundle the Transmission Company of Nigeria (TCN) like the Power Holding Company of Nigeria (PHCN), to make it more efficient and also called for a total review of the contract agreement government entered into with Manitoba.
Senate Committee on Power chair, Senator Philip Aduda and his counterpart in the House of Representatives, Patrick Ikhariale, had since called for the agreement documents to enable it study the grey areas that negate the principle of Nigerian content which gave the company an advantage to the detriment of Nigerian experts in the sector.
Aduda said, “we need to ensure that apart from Manitoba Hydro International managing the transmission sector, we must have the technical counterpart, because they are here as management partners.
“We have demanded for copies of the agreement so that we can proffer solutions to the lingering problem. We must look at that agreement because the Bureau of Public Enterprises (BPE), was there and must remember most of those aspects in question,” Aduda stated.
- See more at: http://www.vanguardngr.com/2014/02/tcn-expands-transmission-capacity-7000mw/#sthash.uaEWbY5J.dpuf