20_05

WHO says 'extreme vigilance' needed in exit from lockdowns

The World Health Organization (WHO) has hailed dwindling COVID-19 infection rates and deaths in some countries, but called on nations to show "extreme vigilance" as they begin loosening restrictions.    

Swathes of Europe began the long process of reopening from coronavirus lockdowns on Monday, with officials in countries like France and Spain emboldened by declining death rates.

Germany earlier reported an acceleration in new coronavirus infections after it took initial steps to ease its lockdown. South Korea, another country that had won widespread international praise for its success in limiting virus infections, has seen a new outbreak in nightclubs.

"Now we are seeing some hope as many countries exit these so-called lockdowns," Dr Mike Ryan, head of the WHO's emergencies programme, told an online news briefing. But he added that "extreme vigilance is required".

"If the disease persists at a low level without the capacity to investigate clusters, there's always the risk that the virus takes off again," he said.

Ryan said he was hopeful that Germany and South Korea would be able to suppress new clusters and praised their surveillance, which he said was key to avoiding large second waves.

"It's really important that we hold up examples of countries who are willing to open their eyes and willing to keep their eyes open," he said. In contrast, he said other countries, without naming them, were "trying to drive through this blindly".

WHO Directo-General Tedros Adhanom Ghebreyesus told the same briefing that lifting restrictions was "complex and difficult" and that the "slow, steady lifting of lockdowns" was key to protecting lives and livelihoods.

Tedros said that Germany, South Korea and China - which has reported a new cluster in its original epicentre, Wuhan - all had systems in place to respond to any resurgence in cases.

"Until there is a vaccine, the comprehensive package of measures is our most effective set of tools to tackle the virus," Tedros said.

'Herd immunity' warning

The WHO warned against the notion in some countries that even if they do not take the measures needed to halt the spread of the virus, their populations will quickly build so-called "herd immunity".

"Early serological studies reflect that a relatively low percentage of the population has antibodies to COVID-19," Tedros said, pointing out that this means "most of the population is still susceptible to the virus".

More than 90 so-called serological studies, which reveal the presence of antibodies in the blood to determine whether a person has had a past infection, were being conducted in several countries.

Maria van Kerkhove, a WHO epidemiologist, said that while the UN agency has not yet been able to critically evaluate the studies, initial data released showed that between one and 10 percent of people had antibodies.

"There seems to be a consistent pattern so far that a low proportion of people have these antibodies," she said.

Ryan agreed, saying the early results belied the widely-held assumption that most cases of the virus were mild and going undetected.

Preliminary results were "showing the opposite ... that the proportion of people with significant clinical illness is actually a higher proportion" than previously thought, he said, stressing that "this is a serious disease".

"This idea that maybe countries that have lax measures ... will all of a sudden magically reach some herd immunity, and so what if we lose a few old people along the way ... is a really dangerous, dangerous calculation," he said.

16_11

How to prevent depression

Depression: let’s talk and details the tips to treat the monster in adults (over 60s), women of childbearing age, adolescents and young adults.
The life changes that come with ageing, childbirth or adolescence can lead to depression. According to the World Health Organisation (WHO), depression is an illness characterised by persistent sadness and a loss of interest in activities that you normally enjoy. This is accompanied by an inability to carry out daily activities, for at least two weeks. ‘
The World Health Organisation said depression is an illness that can happen to anybody- of any age, sex, or social status. It causes mental anguish and affects people’s ability to carry out everyday tasks, with sometimes devastating consequences for relationships with family and friends. At worst, depression can lead to suicide. Fortunately, depression can be prevented and treated.
It said in addition to the above, people with depression normally have several of the following: a loss of energy; a change in appetite; sleeping more or less; anxiety; reduced concentration; indecisiveness; restlessness; feelings of worthlessness, guilt, or hopelessness; and thoughts of self-harm or suicide.

READ ALSO: benefits of watermelon seeds .

The global health watch said it has noted with concern the high incidence of depression which is common in older people but often overlooked and untreated.
It noted: “Depression among older people is often associated with physical conditions, such as heart disease, high blood pressure, diabetes or chronic pain; difficult life events, such as losing a partner; and a reduced ability to do things that were possible when younger.”

Contributing factors and prevention

Depression results from a complex interaction of social, psychological and biological factors. People who have gone through adverse life events (unemployment, bereavement, psychological trauma) are more likely to develop depression. Depression can, in turn, lead to more stress and dysfunction and worsen the affected person’s life situation and depression itself.
There are interrelationships between depression and physical health. For example, cardiovascular disease can lead to depression and vice versa.
Prevention programmes have been shown to reduce depression. Effective community approaches to prevent depression include school-based programmes to enhance a pattern of positive thinking in children and adolescents. Interventions for parents of children with behavioural problems may reduce parental depressive symptoms and improve outcomes for their children. Exercise programmes for the elderly can also be effective in depression prevention.
Sadly, it said older people are at a high risk of suicide, yet depression is treatable, with talking therapies or antidepressant medication or a combination of these.

YOU MAY ALSO LIKE: Benefits of waterleaf 

Adolescense and young adulthood present many opportunities – for meeting new people, visiting new places and finding a direction in life. These years can also be a time of stress. If you are feeling overwhelmed rather than excited by these challenges. Having a baby is a major life event and can cause worry, tiredness and sadness. Usually these feelings don’t last long, but if they persist you may be suffering from depression.
It said depression following childbirth is very common. It affects one in six women who have given birth. Depression is an illness characterised by persistent sadness and a loss of interest in activities that you normally enjoy, accompanied by an inability to carry out daily activities, for at least two weeks.

Symptoms of depression after childbirth also include: a feeling of being overwhelmed; persistent crying for no apparent reason; lack of bonding with your baby; and doubt about being able to care for yourself and your baby.

Depression after childbirth can be treated with professional help. Talking treatments and medicines can help. Some medicines can be taken safely while breastfeeding. Without treatment, depression following childbirth can last for months or even years. It can affect your health and the development of your baby,” it stated.

Cheery news is that depression is treatable, with talking therapies or antidepressant medication or a combination of these.

READ ALSO: some natural solutions to sleep disorder .

WHO recommends what you can do if you are feeling down, or think you may be depressed: Talk to someone you trust about your feelings. Most people feel better after talking to someone who cares about them. If you think you are depressed, seek professional help.
Your local health-care worker or doctor is a good place to start. Remember that with the right help, you can get better.
Keep up with activities that you have always enjoyed, or find alternatives if previous activities are no longer possible. Stay connected. Keep in contact with family and friends. Eat at regular intervals and get enough sleep. Exercise regularly if you can, even if it’s just a short walk.
Also avoid or restrict alcohol intake and refrain from using illicit drugs; they can worsen depression. Only take medicine as prescribed by your health-care provider. Exercise regularly, even if it’s just a short walk. Stick to regular eating and sleeping habits. Accept that you might have depression and adjust your expectations. You may not be able to accomplish as much as you do usually. If you feel suicidal, contact someone for help immediately.

VIEW MORE HEALTH NEWS: All health news  


Pay attention to us like chibok girls wounded soldiers urges Nigerians

Cpl. Ibrahim Usman, one of wounded soldiers in the fight against the Boko Haram terrorists in the North-East, has called on Nigerians to pay more attention to troops’ welfare.
Usman made the appeal in an interview with newsmen on Monday, when the Chief of Army Staff, Lt.-Gen. Tukur Buratai, visited wounded soldiers at hospitals in Maiduguri.
The soldier, who was admitted to military hospital, Maimalari Cantonment, about three weeks ago, urged Nigerians to pay attention to soldiers’ well being in the frontline just as they were doing for the missing Chibok girls.
According to Usman, his two legs broke during an explosion when a vehicle conveying him and nine other soldiers to Monguno in Borno north during an operation stepped on mine planted by the terrorists.
“We need Nigerians to take care of us. Like this my injury, broken legs, they suppose to take me to a specialist hospital or abroad for a good treatment.
“If it is these girls – Chibok school girls, they will take them abroad. We are the ones fighting in the bush,’’ Usman said.
Although the solider said that he was responding to treatment, he said would retire from the military when he gets well due to the injury.

READ ALSO: EU on further devaluation of Naira 

“I cannot fight again because I do not have that strength any more. My legs are broken.
“If I get well, I will retire because my legs are broken. I can no longer go and fight the insurgents,’’ Usman.
Another soldier, Sgt. Ahmed Musa, however, thanked the army chief for visiting wounded soldiers in the hospital.
Musa of 119 Battalion Task Force, Mallam Fatori said: “My situation when I got here was worse but God I am getting healed.”
“I have injury in one of my hands. When he – Buratai came here we are happy because when we came here we did not see anybody. We appreciate the way he comes here,’’ he said.
According to Cpl. Innocent Gabriel, a nurse attending to one of the wounded soldiers at the time of the visit, the common cases of injury are fractures resulting from explosions and gunshots.
Gabriel said that most of wounded soldiers were responding to treatment, adding that some of them may be taken to the theatre.
The doctor in charge of the hospital, Lt.-Col. Ndidi Onuchukwu, a Consultant Orthopaedic and Trauma Surgeon, said that 97 wounded soldiers were being treated in the facility which had capacity for 105 patients.
Onuchukwu said that the worst cases come from combat injuries, adding that the hospital was,collaborating with the University of Maiduguri Teaching Hospital – UMTH to give the best to them.

YOU MAY ALSO LIKE: Stanbic IBTC renew support for made in Nigeria products.  

Speaking after the visit, Buratai described it as “operation and welfare visit” to encourage the wounded soldiers.
He said that most of them would soon be discharged and commended troops for efforts in the war against the insurgents.
Prof. Abdurrahman Tahir, the Chief Medical Director of UMTH, lauded the army for the prompt settlement of its personnel medical bills. (NAN)

NEXT: Learn how to use the slide application and make money  


INEC denies recruiting ad-hoc staff from Lagos

  The Independent National Electoral Commission (INEC) yesterday denied a report that it is recruiting ad-hoc staff from Lagos State ahead of the November 26 governorship election in Ondo State.

The report, which was credited to the State Publicity Secretary of the All Progressives Congress (APC), Abayomi Adesanya, alleged that the commission was doing this to favour the governorship candidate of the Alliance for Democracy (AD), Chief Olusola Oke.

But a statement by INEC's Head of Department Voters Registration and Publicity Olabimpe Awoniyi said there was no time the commission recruited its ad-hoc staff from outside the state.

INEC noted that it has just scheduled its training of supervisory presiding officers for Friday and Sunday. Presiding officers and their assistants will be trained between November 18 and 20.

The commission urged parties, their candidates, the public and particularly the press to verify their facts before publicising them.

Also, INEC said the Permanent Voters Cards (PVCs) expected from the Continuous Voters Registration (CRV) earlier conducted in 2015 and 2016 are now available for collection.

It added that the distribution would start on Friday and end next Tuesday.

"Registrants in six units of Use/Emure registration area in Owo Local Government Area; four units of Agbabu registration area in Odigbo Local Government Area; and units of Idoani II registration area in Ose Local Government Area will collect their cards at their various polling centres.

"They should note that only three days, that is Friday to Sunday, are allotted for the collection of the cards at the polling centre after which the commission will revert to the registration areas for the last two days of distribution."



Posted via Festechvibes panels.

Hiliary Clinton or Trumph who gets the big job

Donald Trump and Hillary Clinton made last ditch efforts yesterday to win votes ahead of today's United States Presidential election.

Americans go to the polls to elect the President. No fewer than 43 million people have already cast their ballot in the early voting.

Yesterday, Trump, the Republican nominee, began his day in the Southeast, stopping in Florida and North Carolina, then heading north to Pennsylvania and joining his running mate, Mike Pence, for two events in New Hampshire and Michigan.

By the end of the day, Trump had held five events in five states in 12 hours.

Democratic candidate Clinton started her trip in Pittsburgh, then stopped in Michigan before returning to Pennsylvania. The Democratic nominee brought out the big guns by having President Barack Obama campaigning for her in Philadelphia.

Bruce Springsteen and Jon Bon Jovi performed at Clinton's event, described as "closing argument." She ended her night with a rally in Raleigh, North Carolina.

The former secretary of state is seeking to capitalise on Sunday's news that the FBI's latest review of Clinton-related emails did not result in evidence that would change its recommendation that no charges be filed against her.

Besides the event with Clinton in Philadelphia, Obama was in Michigan and New Hampshire..

Trump's path to victory isn't clear and isn't set, but the Republican presidential nominee and his team had been working to ensure he had multiple pathways to reach the 270 electoral votes needed to win.

One route he has been working toward includes states such as Wisconsin, Minnesota and Michigan. Of the three, Michigan was the most recent to vote Republican, but that was back in 1988.

Trump campaign manager Kellyanne Conway said on winning one of those states would be a tipping point for Trump to achieve victory.

"It would be one of those upper Midwest states -like a Michigan or Wisconsin, Minnesota - and/or one of those Rocky Mountain states. So we've had our eye for awhile on bringing back these states that have voted Republican in the nonpresidential years and where the poll numbers have been tightening and where we've at least been able to be semi-competitive on the air and on the ground with the Clinton campaign," she said.

Two key states not mentioned by Conway -Florida and Pennsylvania - are going to be factors as well.

The Sunshine State is something of a golden ticket for each of the presidential candidates in that winning Florida's 29 Electoral College votes makes the other's path to victory more difficult.

In Trump's case, if Clinton wins Florida, he could still get to 270 electoral votes by winning in Michigan, Wisconsin and Pennsylvania. But if he were to lose both Florida and Pennsylvania, he would have to win Nevada, Iowa and Colorado to make up for it. That all has to happen with Trump holding on to North Carolina and Georgia - which GOP nominee Mitt Romney won in 2012 - while also taking Ohio.

But a lot of variables are at play in these possible routes: Nevada is expected to go blue, as is Colorado, and close races are expected in New Hampshire, North Carolina, and the perpetual swing state of Ohio.

On Tuesday, millions of women will vote for the first woman to run as the nominee of a major political party.

The race has tightened over the last 10-14 days. That tightening is reflected in new CNN "Road to 270" map.

The latest snapshot of the Electoral College map heading into the final days is a little more favourable to Trump, but Clinton still holds a clear advantage.

This is not a prediction of where the map will end up on Tuesday night when the votes are counted, it is simply a snapshot heading into the homestretch.

Solid Republican:

Alabama (9), Alaska (3), Arkansas (6), Idaho (4), Indiana (11), Kansas (6), Kentucky (8), Louisiana (8), Mississippi (6), Missouri (10), Montana (3), Nebraska (4), North Dakota (3), Oklahoma (7), South Carolina (9), South Dakota (3), Tennessee (11), Texas (38), West Virginia (5), Wyoming (3) (157 total)

Leans Republican:

Georgia (16), Iowa (6), Maine 2nd Congressional District (1), Ohio (18), Utah (6) (47 total)

Battleground states:

Arizona (11), Florida (29), Nevada (6), Nebraska 2nd Congressional District (1), New Hampshire (4), North Carolina (15), (66 total)

Leans Democratic:

Colorado (9), Michigan (16), Pennsylvania (20), Virginia (13), Wisconsin (10), (68 total)

Solid Democratic:

California (55), Connecticut (7), Delaware (3), DC (3), Hawaii (4), Illinois (20), Maine (3), Maryland (10), Massachusetts (11), New Jersey (14), New York (29), Oregon (7), Rhode Island (4), Vermont (3), Washington (12), Minnesota (10), New Mexico (5) (200 total



Posted via Festechvibes panels.

Rotary holds family health programme

Rotary International, District 9110, comprising Ogun and Lagos states, has held the fifth edition of its Family Health Week. To mark the occasion, various clubs engaged in projects to promote healthy living and lifestyles of individuals .

The 25-member Rotary Club of Lagos Central took its philanthropic gestures to markets and other areas such as CMS, Ikoyi, and Lagos Island.

The flag-off of the two-day project saw consultations with nurses, and the demonstration of the use of protective items.

Other programmes were family counselling, male and female condom distribution, diabetes and glucose level check; distribution of Vitamins A and C supplements, malaria screening and treatment; HIV tests; deworming of all children; blood pressure checks; distribution of common cold medicines and pain reliving medicines and distribution of mosquito nets.

Although injections were not given, referrals were made to various hospitals for those with serious ailments. Those who availed themselves of the health check include high way sweepers, security guards, market men and women and a few from the corporate environment.

President of the Club, Mr Vincent Adubor, who is the Director of Corporate Services at the Chartered Institute of Stock Brokers, said the clubs target was the masses, as there was need to take the project to those in the market place because many of them, due to their routine daily activities, don't remember to test their blood pressure and sugar level as well as their general health condition.

"There is need to create awareness of health conditions. People are now aware of what it takes to have a proper healthcare and we are glad at the turnout. Next year, we hope to have positive results from our talks and a larger turnout."

He noted that the club has a lot of prospects in terms of creating healthier communities, but is faced with the problem of manpower. He called on youths,between ages 25 and 35 to join the club.

Similarly, the Rotary Club of Oregun visited the Palace of the traditional ruler and Olu of Oregunland, Oba Lamidi Olorunfunmi, where it presented 250 pairs of reading eye glasses for distribution to older members in the axis.

During the visit, the Rotary District Governor Pat Ikheloa, charged the monarch on the need to ensure that cleanliness and general wellbeing is maintained in the locality.

He said this year; people were checked for their Hepatitis B status so that they can get treated

He added that Rotary has redoubled its effort to ensure that polio is eradicated in the country.

"We are doing our best and a lot of awareness has been made and our detective mechanism has been improved. Soon, we should expect a polio-free world."



Posted via Festechvibes panels.

Hypertension-: How to tame the silent killer


In my youth, living in the midst of my family in those days, frightening stories of a mysterious and unseen killer used to be told. It often goes thus: a supposedly healthy individual, be it female or male had in a typical night retired to bed. Prior to going to sleep, he or she may have had an altercation with a neighbour. In the alternative, he or she may be perfectly well and just returned from the farm or local market, had a meal with the rest of the household and thereafter retired to sleep. However, in the middle of the tranquil night, the person having a supposed rest with his or her family began to struggle for survival. In the course of the raging personal battle, he or she may have shouted for help as being attacked by a mysterious and unseen intruder. He or she may also be gasping for breath because she feels suffocated and in the grip of death. On waking, the apparently healthy person that went to bed last night had by this morning become paralysed on one side of his or her body. If the person who suffered the paralysis is alive, he or she is lucky. On the extreme, he may not actually be alive to tell the event that happened at night. Such story, the victim might say, is that he saw a body coming through the window usually, delusional, at night and that on upon entry, began to press him down the bed and suffocating him or her.

In the local folklore, the paralysis is often attributed to a supernatural and cryptic attacker called "oro" or pronounced as word in Yoruba Language. Further, the attack may wrongly be blamed on the neighbour who had previously had an argument with the victim. The neighbour acting on malice is believed to have transformed to or have sent a third party called "oro" to attack the victim. The tale that I have narrated above is rampant in many Nigerian and African cultures albeit in different versions and nomenclature.

However, unknown to the people who believes in the folktales that I told above, the tragedy that befalls such individuals that I have illustrated above causing sudden death or stroke with paralysis have its foundation in high blood pressure or in medical terms Hypertension (that is, a tension of the blood flow through the body that is high{Hyper}). Again, the stroke and paralysis that occurred at the time of the alleged malicious attack are due to high blood pressure disease.

Therefore, in the coming weeks, I will be dealing with the scourge of a disease that is popularly called the silent killer- a rampant and ferocious attacker: a ubiquitous and serpentine enemy lurking in our midst.

What is Hypertension? Let us borrow a leaf from the World Health Organization (WHO) to help us with the definition: "Hypertension, also known as high or raised blood pressure, is a condition in which the blood vessels have persistently raised pressure. Blood is carried from the heart to all parts of the body in the vessels. Each time the heart beats, it pumps blood into the vessels. Blood pressure is created by the force of blood pushing against the walls of blood vessels (arteries) as it is pumped by the heart. The higher the pressure the harder the heart has to pump."

To a lot of my clients, they will often ask me, what does the upper and lower readings of blood pressure mean? According to WHO, "normal adult blood pressure is defined as a blood pressure of 120 mm Hg when the heart beats (systolic) and a blood pressure of 80 mm Hg when the heart relaxes (diastolic). When systolic blood pressure is equal to or above 140 mm Hg and/or a diastolic blood pressure equal to or above 90 mm Hg the blood pressure is considered to be raised or high."

If we are to write the first set of figures as the reading for an individual, it will be written thus: 120/80mmHg. The upper one is systolic and the lower one is the diastolic blood pressure readings.

Some factors that affect blood pressure readings (not the cause of high blood pressure which I shall deal with later on): Age is a crucial factor in the readings of blood pressure. Normally, except there is some interventions, the more an individual ages, then the more the progressive hardening of the blood vessels and hence the higher the blood pressure. A child's blood pressure is rarely measured clinically except there is a good clinical reason to do so. A person who is 20-30 year old and weighing normally, should have a reading in or around 120/80mmHg. A person who is 60years and above may have a blood pressure reading of say 150-160/85 without much concern. The circumstance where and when the blood pressure is measured is of paramount importance. Someone who had just failed an examination or heard of the demise of a relative might have his or her blood pressure raised. Different social and geographical locations may also affect blood pressure readings.

Doctor warn against female genital mutilation

A former Director of Public Health, Enugu Ministry of Health, Dr Ebenezary Festus, has urged parents to desist from female genital mutilation as it could lead to infertility.

Ebenezary in Enugu on Thursday that "female genital mutilation is the removal of genital tissue which involves removing necessary glands leading the vaginal environment to become unfavourable to sperm."

He said that female children who undergo such practice were at risk of infertility.

According to him, genital mutilation often results to painful intercourse, inability to have intercourse, infections and frigidity.

The doctor who said that the lips that surround the vagina could be narrowed, added that the narrowing of the vagina often makes it difficult for the penis to penetrate into it for the release of sperm for conception.

He further explained that female genital mutilation also included the partial or total removal of the clitoris and possibly the fold of skin surrounding the clitoris, removal of the labia minor and the labia major, among others.

Ebenezary said that appropriate institutional frameworks for advocacy and plans against the practice should be established in rural areas where this practice was most prevalent.

The World Health Organisation (WHO) has recognised female genital mutilation as a violation of the human rights of girls and women.



Posted via Festechvibes panels.

Mourinho gets one match ban ,£50,000 fine

The Football Association has banned Manchester United manager Jose Mourinho from the touchline for one match after he accepted an improper conduct charge.

Mourinho was sent to stands after confronting referee Mark Clattenburg at half-time in Saturday's 0-0 draw at home to Burnley.

He has also been fined £50,000 for media comments he made about referee Anthony Taylor prior to United's game at Liverpool.

The one-game touchline ban means the United boss will be missing from the touchline at Swansea City this weekend but will be back when Arsene Wenger brings his Arsenal side to Old Trafford on Nov. 19.

Jose Mourinho reacted furiously when his side had a penalty appeal turned down against Burnley.

In a statement, the FA said its Independent Regulatory Commission "heard that Mourinho accepted the comments he made about Taylor on Oct. 14 constituted improper conduct but denied they brought the game into disrepute."

But the commission found the disrepute element proven and warned the manager about his future conduct.

Mourinho "admitted using abusive and/or insulting words towards a match official" against Burnley.

He had reacted furiously late in the first half when Matteo Darmian saw his penalty appeals ignored.



Posted via Festechvibes panels.

Electrified walls will check pipeline vanderlism

   The Federal Government should build electrified and non-electrified walls round oil and gas pipelines in the Niger Delta region to protect them, the Executive Secretary, Major Oil Marketers Association of Nigeria (MOMAN), Mr. Obafemi Olawore, has said.

This is coming on the heels of the Federal Government's victory over militants, including pipeline vandals, in the region.

Olawore said the walls would be different in structure, adding that the idea would help in warding off attacks against the pipelines. He said while one of the two walls would be in electronic format, the other would not, adding that the idea will curtail the activities of vandals.

He said: "Two approaches or methods need to be adopted if government really wants to curb pipeline vandalism and other untoward practices that affect oil production and exploration activities in Nigeria. The first one is building of electrified wall round pipelines, while the second is building of wall that is non-electrified round pipelines. Electrified walls are found to be useful in many of the developed economies."

Olawore, who spoke at a stakeholders' forum in Lagos, said government-owned assets including oil installations require maximum security in view of their strategic importance to the economy. He said the environment in which oil marketing firms and other organisations in the downstream subsector of the industry operate was more challenging, urging the government to do something on it for growth.

According to him, the process of acquiring land for investments in the industry was cumbersome as well as hindering growth. "Apart from the fact that operators are finding it difficult to get land for investment purposes, they are also battling problems such as huge taxes and levies. They are paying different forms of taxes to the three levels of government - Federal, state and the local government. The three tiers of government collect the same tax from operators, resulting in multiple tax collection from the operators. The issue is affecting the industry's capacity to record growth. By the time the operators factored in the cost of materials, taxes and other levies on their production, they are left with small profits," he added.

Also, the Chairman, Independent Marketers Association of Nigeria (IPMAN), Chief Chinedu Okoronkwo, said oil marketers, among others, operate in a difficult environment caused by the recession in the economy. However, he said problems in the industry were surmountable, adding that operators will overcome them soon.

The marketers,Okoronkwo said, were getting used to the government's directive on fuel importation and buying of foreign exchange (forex) from multiple sources as well as recording growth.

He said activities in the downstream segment were picking up, adding that marketers were free to import fuel into the country. "The prospect is bright for operators in the sector. With time, the deregulation would benefit all the operators. Before, many members of IPMAN struggled to get fuel to sell but now there is an improvement. I believe the gains recorded by marketers would trickle down on other players in the industry soon," he said.



Posted via Festechvibes panels.

Stakeholders faults FRCN's governance code

    Shareholders have described the National Code of Corporate Governance for the Private Sector issued by the Financial Reporting Council of Nigeria (FRCN) as unnecessary and duplicitous, warning that the code could be counterproductive to national economic development.

Shareholders under the aegis of Independent Shareholders Association of Nigeria (ISAN) stated that the code bordered on over-regulation of the nation's corporate world, particularly the financial industry. Shareholders also noted that the code also suffers from noticeable contradictions and conflict with the subsisting Companies and Allied Matters Act (CAMA).

According to the shareholders, the FRCN's code could suffocate entrepreneurial aspirations and initiatives of Nigerians and persons seeking to establish business in the country. Citing the provision of the code that companies shall have not less than five directors, the shareholders said such provision was unnecessarily expansionary and costly for micro small and medium scale enterprises (MSMEs), which are the engines of the nation's economy.

Already, the Securities and Exchange Commission (SEC) has a subsisting code of corporate governance that applies to all public limited liability companies. The Central Bank of Nigeria (CBN) and other financial regulators also have sectoral codes and rules that guide operations and corporate governance in their sectors.

"There are also identified provisions of the code which directly conflict with existing laws governing certain sectors, which FRCN has included in the code all in a bid to elevate itself to another super-regulator over and above existing sectoral regulators for some companies," ISAN stated.

While identifying possible contradictions in the FRCN code, the shareholders' group charged FRCN to lead by example by constituting its board in line with its new corporate governance code in order to justify the enforcement and sanction regime in the new code.

ISAN listed grew areas in the code to include provisions that allow executive directors of the companies to be appointed board members of another company or companies, the time frame provided or "cool off period" before former executive director can be appointed chairman of the same company he served, engagement of two auditing firms and board size.

The shareholders pointed out that the appointment of substantive executive directors into boards of other companies as contained in the FRCN code breached the whole essence of internationally accepted corporate governance and best practices.

The Sunny Nwosu-led group noted that the prescribed 10 years "cool-off period" before former chief executive can assume the position of chairman in the same company amounts to serious setback in utilisation of limited experts, managerial proficiencies and scarce human capital resources.

The minority retail shareholders said a major lacuna and breach of the law has been triggered with the provision of article 5.4 of the new code on the size of the board, noting that while FRCN's code provides a minimum of eight board members for companies, the Companies and Allied Matters Act (CAMA) provides for minimum of two directors.



Posted via Festechvibes panels.

Senate okays new PIB for consideration

The Federal Government and the Nigerian Association of Petroleum Explorationists (NAPE) are in discussion to woo investors into exploring for oil and gas in the frontier basins in Nigeria.

NAPE President, Nosa Omorodion, said this in Lagos when the association outlined activities for its 34th yearly international conference and exhibition scheduled for November 13 to 17 in Lagos.

The theme of the conference is "Stimulating upstream investments in Nigeria's frontier basins."

Omorodion said it was imperative to look for oil and gas in other sedimentary basins outside the Niger Delta region to grow the nation's reserves, which is fast being depleted. He said the association's desire was to open up exploration, adding that it is economic realities that are preventing people from exploration, not fiscal terms as most people think.

According to him, some years ago, when exploration was low, the government came up with some incentives, and signed memoranda of understanding (MoUs), geared towards boosting oil and gas finds.

''It was at that time when we (Nigeria) attained astronomical growth in terms of reserves because people were incentivised to go and drill exploration wells.''

"The easy way out in a time like this is to open up our taps and produce but it is a big concern to us as explorationists because the replenishment rate doesn't match our depletion rate which is a big concern. If we continue like this in the next 35 years we will completely run out of oil. The big chance discoveries especially the deep water, takes between eight and 10 years to bring them on stream. If you are depleting and not replacing, it is a big concern. If you make a discovery today, it will take an average of five or six years to produce it, so it is a huge gap," he said, urging the government to give incentives that would attract investors into drilling new wells.

On the need for the government to conduct a new licensing round, the NAPE chief said a new licensing round would be one of the topics to be discussed but that would be a subtle advocacy as a new licensing round is one way to stimulate the industry. However, he argued that even the oil wells we have as a country are not optimally explored. He said people are not drilling the wells they have because of low oil price.

The President-elect and Chairman Conference Planning Committee, Abiodun Adesanya, noted that several issues confront the upstream section of the industry.

He said: "We have issues such as Petroleum Industry Bill (PIB) that has remained a lingering problem, shortfall in Joint Venture (JV) funding that has affected production, issues of job losses.

''Our members have lost jobs here and there, issues of vandalisation and security, which is currently waning following governments discussions with militants in the region. All these have affected us. There are times we were prevented from working, we have passion to do our jobs but with scenarios where workers are kidnapped, people are scared. As professionals we need to work, we don't want job losses."



Posted via Festechvibes panels.

MTN test Facebook's Voyagers

The MTN Group yesterday it is the first mobile operator in the world to use the open optical packet transport platform, known as Voyager, after joining the Telecom Infra Project (TIP) earlier this year.

According to MTN: "The TIP initiative, which was launched in February 2016, is a global endeavour which brings together key stakeholders in the telecoms and technology space to collaborate on the development of new technologies and find fresh approaches to build and deploy telecom network infrastructure. The project aims to reduce costs and increase the speed of rolling out internet connectivity."

The organisation expressed delight about the development.

Navi Naidoo, a group network technology officer at MTN, said in a stetement: "As MTN, we are excited about the possibility of bringing more than 19Tbps of connectivity to the community, using open optical networking technology. Open platforms move away from the vendors' proprietary platforms which usually come at a huge cost."



Posted via Festechvibes panels.

Stanbic IBTC win private bank award


Stanbic IBTC Bank, a member of the Standard Bank Group, has won two awards at the Global Private Banking Awards for 2016 by Professional Wealth Management (PWM) and The Banker Magazine. The bank was named the 'Best Private Bank (Wealth and Investment) in Nigeria' and the 'Best Private Bank in Kenya,' an award it is winning for the second consecutive year. Stanbic IBTC was the only organisation so honoured in the West African sub-region.

The awards, a joint venture between The Banker and PWM Magazine, both part of the Financial Times Group, reward excellence in wealth management among banks from the Americas, Europe, Asia, Middle East and Africa, based on qualitative and quantitative criteria.

The winners were announced at a gala dinner and awards ceremony at the Four Seasons Hotel in Park Lane, London, with Busola Jejelowo, Head, Wealth and Investment, Stanbic IBTC Asset Management Limited, representing Stanbic IBTC.

"Our wealth management philosophy centres on managing, growing and protecting the generational wealth of our clients and their families.

"Our goals-driven investment approach allows our clients to take a long-term view of their investments, whilst simultaneously meeting their short-term lifestyle needs. Our aim is to accompany our clients through each stage of their life, giving purpose to their wealth and ensuring they leave a lasting legacy," Chief Executive, Stanbic IBTC Asset Management Limited, Mrs. Bunmi Dayo-Olagunju, said.



Posted via Festechvibes panels.

ONDO PDP walks on tight rope

The substitution of Mr. Eyitayo Jegede's name with Chief Jimoh Ibrahim as the candidate of the Peoples Democratic Party (PDP) in the November 26 governorship election in Ondo State has sent the Governor Olusegun Mimiko-led faction back to the drawing board.

LESS than a month to the November 26 governorship election in Ondo State, the crisis rocking the Peoples Democratic Party (PDP) has taken a new turn. The final list of candidates released last week by the Independent National Electoral Commission (INEC) has compounded the crisis within the ruling party; with the substitution of Mr. Eyitayo Jegede's name with Chief Jimoh Ibrahim as the candidate of the party. The leadership tussle at the national level polarised the fold into two groups: the Ali Modu-Sheriff group and the Ahmed Makarfi group. The division has permeated into the state chapters, including Ondo. The INEC had initially recognised Jegede (SAN), who emerged at the primary organised by the Makarfi faction, as the party's flag bearer for the poll. Ibrahim was elected to fly the party's flag at the convention held in Ibadan, the Oyo State capital, by the Sheriff group.

This development has put the Olusegun Mimiko-led faction, which is loyal to the Makarfi group, in a quandary. Reacting to the development, Mimiko cried foul, alleging that the INEC was biased. To Mimiko and his group, the INEC's decision was influenced by the ruling All Progressives Congress (APC) that was determined to take over the state at all costs.

Jegede's supporters went wild in Akure at the weekend, protesting the decision. They set bonfire on the highways, disrupting vehicular movement and commercial activities for hours in the state capital. Mimiko, shocked by the INEC decision, made an impromptu trip to Abuja to reverse the electoral commission's decision. Faulting the decision, he argued that what the commission did had no basis in law and politics.

According to the governor, the electoral body allowed itself to be misled by the order of Justice Okon Abang of the Federal High Court, because the order was on the PDP leadership tussle, which has nothing to do with the governorship candidate in Ondo State. He said there was no justification in removing Jegede's name, because Ibrahim did not get a court order asking the INEC to recognise him as the PDP candidate. Mimiko advised the INEC to reconsider its decision and revert to the status quo.

In his reaction, the party's Chairman, Chief Clement Faboyede, alleged that it was the APC that influenced the INEC to remove Jegede's name and replace it with that of Ibrahim. He alleged that the agency was playing out the APC's script to take over Ondo by all means. He said: "We will not surrender to the APC's intimidation. Jegede is our candidate and nobody can subvert the choice of the people of Ondo. We stand by our choice, because we know Jegede has the capacity and skill to take Ondo to the next level. INEC cannot foist a candidate who is not a member of the PDP on us."

But, a lawyer, Mr. Akin Akinmusere, said Justice Abang, in his new directive reaffirmed his earlier ruling that the INEC should recognise only candidates presented for election by the Sheriff faction. To Akinmusere, INEC has no option than to abide by the ruling of the court.

The National Secretary of the Sheriff faction, Prof. Wale Oladipo, said the electoral umpire did the right thing by recognising Ibrahim as the authentic candidate.

He said: "INEC's decision was based on the valid ruling of the Federal High Court that declared Jimoh Ibrahim as the authentic candidate of the party."

Oladipo added: "The court declared that INEC shall accept and process for the purpose of its functions and activities in organisation and conduct of Ondo State governorship election only the nomination of Barrister Jimoh Ibrahim who emerged from primary election conducted by the first and second judgment Creditors/Applicants on August 29, 2016 as the candidate of the PDP in the said Ondo State governorship election slated for November 2016.

"We have not asked for any favour for our candidate. He went through the party primary and won. We submitted his name and that of his running mate to INEC. In the process of doing this, a court order came to reaffirm him (Jimoh Ibrahim) as the authentic candidate. INEC has complied with the court order.

"The PDP as a party is committed to winning Ondo State again and again, because the state belongs to the PDP from the onset. The opposition had tried in the past to win the state, but failed; just as the PDP had tried to win Lagos State severally but failed. We are full in support of our candidate, who is Dr. Jimoh Folorunso Ibrahim, and we will back him to victory."

The Appeal Court has decided to start hearing Jegede's appeal today. The appellate court said the urgency of the issue involved prompted it to accord it accelerated hearing.

INEC clarifies position

INEC has absolved itself of the allegations of bias and partisanship. Its spokesman, Mr. Nick Dazang, said the commission was not playing out the script of any political party or an individual. Rather, he said the commission, in its decision, was guided by the law that set it up and the constitution of the Federal Republic of Nigeria.

Dazang, who is the INEC Deputy Director of Publicity, said: "There is a court order that INEC should recognise Jimoh Ibrahim as the PDP candidate for the Ondo governorship election. Once there is a court order we must abide by it. INEC is an agency set up by law and its action must be guided by law. If you look at the list just released by INEC, you will find in front of Jimoh Ibrahim court order in bracket.

"There is still room for change. I understand that the Jegede group has appealed against the ruling of the Federal High Court. If they were able to win at the appellate court and if there is an order that INEC should remove Jimoh's name, INEC will go by it. It is not the responsibility of the INEC to challenge court rulings. Judges arrived at decisions based on evidence before them. Aggrieved candidates or parties should seek redress in court and whatever the court says INEC has no choice but to obey.

"We had a similar situation in Abia where a PDP governorship aspirant, Mr. Uche Ogah contested the governorship primary and lost. He challenged the winner of the primary, Governor Okezie Ikpeazu, in court that he was not qualified to contest governorship shadow election, because the tax documents he attached to his nomination were not in order. When the Federal High Court nullified Ikpeazu's election and directed INEC to issue Ogah the Certificate of Return, we complied. When the Appeal Court reversed the judgment of the High Court and upheld Ikpeazu's victory, INEC withdrew the certificate issued to Ogah, based on the judgment of the appellate court, because the order was from a superior court.

"In Edo, the candidate of the Makarfi group, Pastor Osagie Ize-Iyamu, was listed as the PDP candidate based on a court order. INEC has been consistent. We are not playing anybody's script. If we receive any order from a superior court in the case of Ondo PDP, INEC will comply. Don't forget we had an issue with Jimoh Ibrahim of recent, when he alleged that one of our staff demanded a bribe of $1 million from him, which has turned out to be false. INEC is not acting on the order of any political party or the Presidency."

Observers have absolved INEC of any wrong doing in the matter, saying the commission acted on the order of the court. A lawyer and activist, Mr. Monday Ubani, sees nothing wrong in what INEC has done. He said the electoral body acted within the ambit of law. According to him, INEC is bound to obey court order if the order is not from a court of coordinating jurisdiction.

Ubani, the Second National Chairman, the Nigerian Bar Association (NBA), said Justice Abang has affirmed the earlier ruling that recognised Ali Modu-Sheriff as the authentic leader of the PDP and that based on this, he directed INEC to accept only candidates presented by the Sheriff group as PDP candidates. He said until that decision is reversed by a superior court INEC must comply with that order.

The lawyer said hope is not lost for the Makarfi group. He said: "If the PDP wins the governorship poll and the appeal favoured them and the judgment was delivered after the election, Jegede will reclaim the mandate. The Supreme Court judgment on Kogi governorship election has affirmed that it is the political party that wins election, not the candidate. That is to say that the votes were cast for the political party, not the candidate."

A lawyer, Dr. Ajibola Basiru, said INEC did the right thing by obeying the court order. He said the crisis in the PDP has nothing to do with INEC, adding that the party is obliged to act according to the rule of law and on court rulings. The lawyer said it is better to act on the side of the law, rather than to take the course of impunity.

Basiru condemned the attitude of politicising every issue to cast aspersion on institutions. He said: "What is the concern of President Muhammadu Buhari in the internal crisis of the PDP that they are trying to link him with? It is strictly a legal matter and the proper thing is to go to court and seek redress."

Whither the PDP?

The latest development has grave implications for the PDP in the November 26 contest. The fresh crisis is likely to decimate the party as it prepares for the election. Analysts believe the new development has foreclosed the possibility of a last minute reconciliation that could have brought the two factions together and settle their differences for the purpose of winning the election. They also said the unity of purpose, which the PDP required to win the election, cannot be achieved, because of the animosity between Mimiko and Ibrahim. The possibility of both of them working together after the court decision is very slim.

Analysts say if Ibrahim is finally recognised by the Court of Appeal, the PDP should just forget the election, because the odds against Ibrahim are overwhelming. His faction is not on ground. The key leaders of the PDP in Ondo are against his candidacy.

Observers predict, that if the appeal favours Jegede and his name is returned on the list by INEC, the supporters of Jimoh would work against him, because they consider Jegede as a tool to actualise what they describe as Mimiko's third term agenda. They believe Mimiko is contesting the governorship election by proxy; and if Jegede wins, Mimiko will be ruling the state indirectly.

On the other hand, the victory of Jegede is very crucial to Mimiko, because it will determine his status in Ondo after leaving office. Analysts say his political relevance depends on Jegede winning the election. They cited the cases of the former PDP governors - Sule Lamido (Jigawa), Ibrahim Shema (Katsina) and Babangida Aliyu (Niger) - who failed in their attempt to install their anointed candidates as their successors; saying they have become ordinary members of the PDP in their states and at the national level. That is why Mimiko is ready to go any length, they added, to ensure Jegede' name is back on the list.



Posted via Festechvibes panels.