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Friday, June 28, 2013

UK £3,000 visa bond: Finally, London ‘Bridge is falling down’

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UK £3,000 visa bond: Finally, London 'Bridge is falling down'
Jun 28th 2013, 23:29, by adekunle

London Bridge is falling down,Falling down, falling down, London Bridge is falling down,My fair... Just about every educated person is familiar with the traditional nursery rhyme "London Bridge Is Falling Down" which deals with the collapsing London Bridgeand attempts, realistic or fanciful, to repair it. Several theories have been advanced to explain the meaning of the rhyme and identity of the "fair lady" of the refrain.

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Delta Lawmaker hails retreat and promises dividend of democracy

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Delta Lawmaker hails retreat and promises dividend of democracy
Jun 28th 2013, 23:30, by mbgolu

The Peoples Democratic Party, PDP, member representing Ndokwa East Constituency in the Delta State House of Assembly, Hon. Friday Ossai Osanebi has promised to bring more dividends of democracy to his people.

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I lost N14m worth of goods in Trinity fire incident – Chibuike Ikegwuonu

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I lost N14m worth of goods in Trinity fire incident – Chibuike Ikegwuonu
Jun 28th 2013, 23:28, by mbgolu

The easy-going life of 47 year old Chibuike Ikegwuonu, the owner of GSM clinic, could be said to have gone hay wire since 9th June 2013 when a fire outbreak at his shop in block B, shop one, Speedway plaza, Trinity, Ajegunle, claimed his goods worth over N14m.

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Resident doctors suspend 3-day warning strike

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Resident doctors suspend 3-day warning strike
Jun 28th 2013, 23:22, by adekunle

The National Association of Resident Doctors of Nigeria, NARD ,yesterday suspended its 3-Day nationwide warning strike which began on Wednesday.

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Ehindero:Paying the price for leadership?

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Ehindero:Paying the price for leadership?
Jun 28th 2013, 23:34, by adekunle

The negative impact of corruption on the socio-economic development of any country is not in doubt.Corruption is a monster that renders everything in its path prostrate.

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Opening the frontiers of International business in the east

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Opening the frontiers of International business in the east
Jun 28th 2013, 23:30, by mbgolu

President Goodluck Jonathan's gigantic steps to improving agriculture in the country are getting a boost with the recent establishment of an Agricultural International Market in Enugu State. The market which is a sole venture from a reputable industrial outfit based in Lagos, Eugene-Rose, will surely break the much needed barrier in the growth of commerce and industry in the south eastern part of Nigeria.

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Incredible: 53-yr-old woman gives birth to twins in Lagos

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Incredible: 53-yr-old woman gives birth to twins in Lagos
Jun 28th 2013, 23:31, by adekunle

It was boundless joy in St Ives Hospital Lagos when a 53-year-old woman, (names withheld) was recently delivered of two bouncing baby boys. Thewoman was conceived through Invitro Fertilisation (IVF), having waited for over 20 years in humiliation and agony.

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Newsday: Fraudulent Businessman Jimoh Ibrahim To Be Guest Speaker At Police Anti-Corporate Fraud Seminar

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Fraudulent Businessman Jimoh Ibrahim To Be Guest Speaker At Police Anti-Corporate Fraud Seminar
Jun 28th 2013, 23:07, by News Editor

Jimoh Ibrahim Has troubled Nigerian businessman, Jimoh Ibrahim, moved from criminal to magician? The controversial magnate is scheduled to be a guest speaker next week at an event organized by the Nigerian police and the UK Metropolitan Police in collaboration with the Central Bank of Nigeria and the Asset Management...
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Newsday: PHOTONEWS: Gulfstream IV Aircraft Belonging To Jet-Setting Pastor Adeboye Spotted In Canada

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PHOTONEWS: Gulfstream IV Aircraft Belonging To Jet-Setting Pastor Adeboye Spotted In Canada
Jun 28th 2013, 23:15, by News Editor

Jet-setting general overseer of the Redeem Christian church of God, Pastor Enoch Adeboye was on a whirlwind trip in North America. The man popularly referred to as “Daddy GO” reportedly visited New York and made a quick visit to brain-damaged governor of Taraba State, Danbaba Suntai at a rehabilitation center...
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Pictures: Huge Snake Swallowed A Goat In Abuja

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Pictures: Huge Snake Swallowed A Goat In Abuja
Jun 28th 2013, 22:31, by Tunde

Huge Snake Swallowed A Goat In Abuja. Pics pulled from a friend’s Facebook page.

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The Nation: How to heal after infidelity

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How to heal after infidelity
Jun 28th 2013, 23:00, by Adeola Agoro

Surviving doesn't always mean saving your marriage. Surviving can mean building a more honest marriage after the infidelity. Or, divorcing and leaving the marriage more aware and prepared for your next relationship.

Your thinking during times of emotional stress is distorted. Be sure your reaction to your spouse's infidelity is measured and sensible and not out of anger and pain.

Infidelity is not the end of your world. It is the end of your world as you know it but there is life after infidelity and accepting that can play a major role in how well and how quickly you heal.

If you engage in doomsday thinking, the idea that infidelity is the worst thing that could have happened you will continually live with the belief that he/she will do it again, that another marital disaster is right around the corner. The trick is to remember that as a result of the infidelity you have the opportunity to strengthen your marriage or move on to a new life as a stronger person.

There are different paths to healing after infidelity. You may choose to work together as a couple and rebuild your marriage. You may decide, after much thought that it is in your best interest to leave the marriage. Whether you stay in the marriage or leave, your attitude toward what happened is the single most important predictor of how well you heal from the adversity.

Bottom line, if you are negative, hostile and angry you will be in pain for a long time. If you are emotionally resilient, are able to accept that the infidelity is nothing more than a blip on your life path you will heal more quickly.

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The Nation: Olorundare prefers foreign move to league best marksman

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Olorundare prefers foreign move to league best marksman
Jun 28th 2013, 23:00, by Tunde Liadi,Owerri

Globacom Premier League leading scorer, Dele Olorundare says he may trade his attempt to net over 20 goals this season for a lucrative deal abroad.

Sunshine forward Olorundare has scored 11 goals in just 19 games during the first stanza of the league this term, with nine goals to equal the existing record set by former Kaduna United ace, Jude Aneke.

But the burly striker told SportingLife that clubs from different countries were battling for his signature and he would not hesitate to join any one that met his valuation.

“I will no doubt like to break the record for the all time leading scorer in the Nigerian league, but if the chance comes for me to play abroad with a good offer, I will have to honour that.

“I am happy with my present form but I can never be carried away. I have many clubs from across the globe that have indicated their interest to sign me but they have not matched their words with action.

“It would be an honour to break Jude Aneke’s record but I leave my choice open and broad because money rules the game,” Olorundare said.

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The Nation: Debbie Ogunjobi savours marital bliss

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Debbie Ogunjobi savours marital bliss
Jun 28th 2013, 23:00, by Kunle Alfred

For a long time, top clothier, Debbie Ogunjobi, owner of Everywoman, closed her eyes to the things she did not want to see. But she could not close her heart to the things she did not want to feel. Hence, she is happily married to a widower, Pastor Jide Ojo, who lost his wife in July 2011.

The celebrity lady, you would recall, had gone through two relationships that produced two kids before then, but both relationships ended on a sour note. There are indications that she has consigned the events of her broken relationships to the dustbin of history and embraced a new chapter of her life.

Her loved ones can heave a sigh of relief as she has decided to open her heart again to the man of God. Since they got married, she has considerably got over the failure of her previous relationships. There are rumours that she will soon add to the population of Nigeria.

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The Nation: ‘How I came about the name Flower Girl’

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'How I came about the name Flower Girl'
Jun 28th 2013, 23:00, by MERCY MICHAEL,

Wedding and Event Décor expert, Funmibi Adebayo Oduwole needs no introduction in the field of event decoration. The CEO of Rostal Flowers who’s married to an architect has built a clientele among the rich and mighty in the society. Some of the exclusive social events and outstanding weddings include Felix Ohiwere’s 70th Birthday; High Chief Raymond Dokpesi son’s and daughter’s wedding (2008/2009) , Major General Adebayo’s 80th birthday (2008), among many others. In this interview with MERCY MICHAEL, Fumbi speaks of how she and her husband have been able to manage their business over the past eight years.

You run one of the reputable decoration companies in Nigeria, Rostal Flowers; how did it all begin?

Rostal Flowers started some years ago, about seven or eight years ago. But I’ve always been a flower person because I love decorations. And I love beautiful environment and that’s what made me to start doing it.

So, how did you come about the name Rostal Flowers?

Well, I loved my father so much and he died when he was really young. He died at 49. So, because of my love for him, I planned that anything I want to do in my life, I will always put my father’s name into naming the company. But unfortunately, when I was trying to put the name, it wasn’t easy. And that is why I now mixed the initials of my name with my father’s. ROS is Roseline which is my English name, while T is for Tunde, my father’s name and AL for Albert which is still my father’s name.

How were you able to build Rostal Flowers from the scratch into the big decoration brand it is today?

It wasn’t easy. It’s been really, really stressful, but I just give glory to God because God has always been with us. And he has never made anything difficult for us. We have never been failures at anything we decide to do. So, it’s been God all the way.

You operate in an industry that has become very competitive. How have you been able to remain in the league of top decorators?

Yeah, the thing is we have a brand name we have been able to build over the years and it came on the heel of our perfectionist philosophy. Anything below perfect is not ours. And creativity is our watchword. We are not out to copy people, so, we don’t have problems. Our business is still going on smoothly in spite of the growing competition in the industry.

What inspires you?

Well, decoration is all about you. Once you know it, you know it. Once it’s alright, it’s alright. In decoration, you have to have a sound grip of colour combination. Because if the colour combination is not right, there is nothing you’ll do that will come out well. And it’s always good for you to know what you are doing and be able to advise your client, if their colour combination is really bad and be able to tell them how to put it together. And naturally I believe in simplicity. And do you know why? Simplicity is the utmost sophistication. So, I believe in simplicity in anything I do. When things are simple, elegant and beautiful, that is the identity of my company. In Rostal Flowers, we exceed your expectation. The way, we pack things together. It exceeds just packing rubbish together and all about the creativity in us.

You are married to an architect who is also a politician in Ogun State, Mr. Gbolade Ola Oduwole. Is there any way his profession is impacting on your own business?

Of course! He has really helped the company in many ways. He is a good source of inspiration. Because he is an architect, I’m a decorator; we always sit together, do things, share ideas and so on. He has really improved the business.

You recently expanded your business; can you say a little about that?

Okay. We have a school now in Rostal Flowers at our new office that we are about to open at Ogba, Ikeja. We have a corporate school that people can come and learn how to decorate. The current session is about to end and we are starting a new session soon. And we now import fresh flowers for people to buy for any kind of use; be it for their houses, offices or events.

Can you say a little about your educational background?

Well, I have a BSC in Geology from the University of Ilorin, Kwara State.

You said that you’ve always been a flower person from time. Why did you end up studying Geology? Or is there a correlation between the two?

Well, in a way, I can say yes. The truth is my father advised me to do Geology when I finished my secondary education and I was about to fill my JAMB form. He said as a geologist, you could work in an oil company, you could work with Portland Cement and so on. But it was that prospect of oil company that triggered my interest because I know that is somewhere one could make it quick in life. So I told myself: 'If my father wants me to be a geologist, why not?' And I said: 'Dad, I’m going to study Geology which I did. Meanwhile, Geology is the scientific study of the earth, including the origin and history of the rocks and soil of which the earth is made. And the natural flowers are planted on the soil based on the type of soil that is most suitable for the planting of the flowers. So to that extent, you can say there is a correlation between Geology and flowers.

As a florist, is there a connection between love and flowers?

Yes, it gives love. When you see fresh flowers, it makes you happy. And today, people believe so much in flowers. When you give someone a flower, it carries the significance that you really love the person. You can’t compare the effect created when you give somebody a dress, shoe or bag to when you give them flower. Mind you, I’m not talking about the value here, but the emotional effect that comes with it. The feeling is very strong. And naturally, when I see flower, it gives me life, it makes me happy. So I think love and flowers go together.

Be honest, did you marry your husband because you thought as an architect he will be able to help your business grow? Like you rightly said that he has really improved your business?

No, no, no, no! Ola is a very gentle person, and I’m a very tough person. And somebody that would marry someone like me has to really understand my nature, so he brought in the balancing into it with his gentility. I didn’t marry because of wealth or money. I wanted someone that would add value to my life and would understand me very well. And he is a very, very loving person. I wanted love because I lost my father when I was very young and I said to myself any time I wanted to marry, I would want somebody that would love me like my father did. We dated for eight years, but God was just there in spite of all the devil did to set us apart. God knows that’s where I would meet my joy and he stood by us. Ola is very calm, calculative and intelligent, and above all, he is very caring. And, of course, he has added value to my business. I wanted my friend as a husband, and God gave Ola to me.

What is it like doing business together; do you sometimes disagree?

Yeah, some times. You see, I know my job very well, and Ola is very good as far as his own area is concerned. So, some times when he tells me Fumbi, why don’t you mix this colour with this? I’ll say no, you can’t tell me that, this is not drawing. Well, he has a master's degree in Designing from a university in Florida, so he knows about designing things, but some times I tell him no. Because I know another colour would merge better with the colour I’m dealing with. But most times, we both agree on it. So, let me say we sometime disagree to agree.

What were some of the challenges you faced before you became a brand? And what are some of the challenges you still face if any?

I didn’t really face many challenges because when the foundation is right, everything would work out for you. For the first two years of my coming into this business, I was not concerned with profit making. My concern was to build a strong brand and creating awareness about it. And that really helped me. So, I can’t say there weren’t challenges and I can’t say there were because I started with my sight fully set on where I wanted to be. As a matter of fact, there was a time my workers were behaving funny, and I sacked everybody. Meanwhile, I had a lot of events on my hand. But to God be the glory, everything still went on smoothly because I was able to find a way out. So, God has always been my pillar and He says He would make way where there is no way. In Rostal Flowers, we have never disappointed anybody.

What do you do for pastime or other activities you pursue in your spare time?

Well, I’m a simple person. I’m not too social. When I’m not at church, I’ll be at home with my family and some of my very close friends would come around. Even when I go on vacation, I work. When I’m in London, I’m always moving around trying to see new things that are coming up in my industry and other things I can adapt into my business from there. I don’t sit back and browse through the internet. I go there physically to have a natural feel of it.

Have you ever taken a 95 job in your life?

Yes, with the Department of Petroleum Resources (DPR), a subsidiary of the NNPC in Lagos, when I was on my NYSC. And I was there for a year. But while I was there, I realised that I was not cut out for that kind of job because I’m a restless person. I needed a job that would keep me on my toes always. So when I realised doing a job that would keep me sitting in a place for long wouldn’t work, that was when I decided I was going to do my own kind of business. So, all I ever did for anyone was during my NYSC year.

Tell us a little about growing up?

Well, I’m from a very lovely family. My father was a very lovely person that believed he had to give the best to his family. He worked as a non-academic staffer with the University of Ibadan. And I think because of the environment he was, he believed he had to give the best to his family. I went to the University Staff School, UI. And from there, I went to Abadina College in Ibadan and he spent so much on tutorials for us and he taught us to have the fear of God. So the foundation was so right. He made us know that we need to love the people around us. My father loved his family so well that there was nothing he wouldn’t do for them. And that was the same thing he passed on to his children. So, from secondary school, I went to The Polytechnic, Ibadan where I bagged my National Diploma before gaining admission to study Geology at the University of Ilorin.

What were your childhood dreams or did you dream to become who you are today?

Well, when I was younger, I started with making things and selling in school. I started with making stickers that you could stick on books. The daughter of one of the top shots in Orheptal Tonic then happened to be my friend, Funke Ayodele. So, I just went to their house one day and I said Funke, all these stickers, please give me. And she gave me. She knew what I was going to do with them. So when I got home, I drew stars at the back and cut out those stars. And I used a perforator to make designs around them, sealed them with candle and packed them neatly. That was during our holidays, and when we resumed, I took them to school and students were buying at a high price. I also made beads and sold to students in school.

And there was a time my mother’s friend, Mrs. Foluke Oyemade, came to our house and said she imported I.V.Y. relaxer and she was looking for someone to market it. Then, I had left secondary school and I said she should bring the relaxers and she brought a lot and I took them around to sell. So, I have always been an enterprising person. And when I was in the university, I was already going to Dubai to bring in dresses to sell. So, I have always sold one thing or the other. But I started flowers when I was doing my NYSC in the DPR and they even gave me a nickname: Flower Girl. Up till today, when I go to the DPR, they call me Flower Lady.

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The Nation: Why we must renegotiate the basis of our corporate existence –Sen. Ehigie Uzamere

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Why we must renegotiate the basis of our corporate existence –Sen. Ehigie Uzamere
Jun 28th 2013, 23:00, by LINUS OBOGO

Godwin Ehigie Uzamere is a senator of the Federal Republic. He is a two-time senator representing Edo South Senatorial Zone. Uzamere was first elected senator on the platform of the Peoples Democratic Party PDP in 2007 but in 2011, he was later reelected on the ticket of Action Congress of Nigeria (ACN).  Uzamere who is the Senate Committee Chairman on Foreign and Local Debts, in this interview with Assistant Editor, LINUS OBOGO, spoke on Nigeria's spiraling debt profile, barely six years after it met her debt obligations to the Paris and London Clubs. He also spoke on the need for a national dialogue in the light of the raging insurgency in the North , Edo politics and sundry issues Excerpts:

How would you evaluate the state of emergency in the three affected states of Borno, Yobe and Adamawa, given that opinions still appear divided along party lines on the propriety or otherwise of the imposition?

Personally, I was happy with the declaration of the state of emergency in the three northern states. And I must state clearly here that my position has nothing to do with that of my party. What President Goodluck Jonathan did was to give a human face to the imposition of the state of emergency, unlike what we had during former President Olusegun Obasanjo where existing political structures were shortchanged.

By invoking the provision of Section 306 of the 1999 Constitution as amended, to impose a state of emergency, he was careful not to have tampered with or dissolved the existing political structure on ground in the affected states. For me, he should be commended for that.

As to whether I supported it, I will say yes I did, to the extent that so long as it would bring about relief or respite to the people in the affected states and by extension, to the entire northern states including Abuja. The situation we find ourselves is a terrible one. But the President was kind enough to have set up a committee to consider the prospect of an amnesty. This did not seem to be yielding fruit and he probably ran out of patience.

That being said, the declaration was timely. I know that my party, the Action Congress of Nigeria, ACN, was not in support the imposition. But the views I have expressed remain my personal opinion as an individual and not that of my party.

As a country, we will be 100 years next year and we have come to a point where we must ask ourselves: do we need to reexamine some of the factors which brought us together? Do we need to go back and renegotiate the basis of our existence? It is very important and we must not shy away from it, if we must continue as one.

We were cobbled together by our colonial masters and if the factors that made that necessary are no longer necessary, we need to discuss the terms and conditions for our continuous existence as a country.

Personally, I support the indissolubility of Nigeria. But this cannot not be, when our young men and women are being slaughtered like cows by a few misguided elements. Before the imposition of the state emergency, a pastor of my church told of a man who was pursued to his house by suspected members of Boko Haram. On getting to the house, he could not be found, but they met his son. He was asked to produce his father, but when the young man could not do that, he was slaughtered. The elderly man was watching from the ceiling, where he was hiding how his son was being butchered. Three days later, this same was in church. That showed the old man's faith in God and also that not even the killing of his son by Boko Haram members was enough to break his spirit and relationship with his creator.

Also, my son's former roommate in the Customs Service, an Igbo man, was travelling from Maiduguri down to the south. And along the way, they ran into the Boko Haram elements. All the occupants in the bus were asked to get down identify themselves by their religion. Sadly, all the Christians including my son's roommate were ordered out and slaughtered like goats. This was a young man who had graduated seven years from the university but without a job until he was recruited into the Customs and posted to Maiduguri.

Given the aforementioned horrific scenario, is this how we are going to watch while young and vibrant innocent lives are being wasted in the name of religion or politics? This was where this country was headed until President Jonathan had to embark on this last resort. They say they want every Nigeria to be a Moslem, no problem. But how possible is that? So, we must sit down together and negotiate whether or not we all want to be Moslems. For those of us who do not want to be Moslems, we can decide to allow them have a different country where everyone will practise his religion unmolested. So, I do not fault the action of President Jonathan at all in imposing a state of emergency.

Should the President have acted otherwise by being sweeping in his imposition of emergency rule?

I do not agree that he should have acted otherwise. He acted prudently by allowing the democratic institutions to remain. He was patient enough and that is why he should be allowed to experiment with the measure. He acted within the bounds of constitutional powers allowed him.

The story of our upstream subsector of oil and gas is well documented- one of graft and inefficiency. As a member of the Senate Committee on Upstream Petroleum, what effort is your committee making to curb the menace of corruption commonly associated with the sector?

Sincerely, I think this question should go to the chairman of the committee. What I can say is that as a member, the PIB which is before the Senate, with about three or four committees brought together under the chairmanship of Upstream Petroleum, Senator Paul Paulker, we are positive that once the bill is passed, it will correct inherent corruption as well as associated anomalies in the sector.

The politics of Edo state assumed a new hue with the advent of Governor Adams Oshiomhole on the state's political landscape. How do you ensure the state does not recede into the hitherto dark days of political fiefdom when he vacates office in 2016?

As we speak, the comrade was voted in last year, 2012, and was sworn in in November of same year. It is not even a year yet and so we should not be talking about when he is leaving office. Let us pray to God to grant him wisdom to be able to steer the ship of the state in the right direction and sustain this tempo of development and popularity he has brought to the state.

There is no doubt that Comrade Adams Oshiomhole has given us a new hope and a new face as far as the politics of Edo State is concerned. Before now, nobody had a voice in the politics of the state unless you were sponsored by one or two leaders from the state.

Governor Oshiomhole is a wind of change God gave to Edo people. He came like a bolt out of the blue and said let the people lead. Today, you can see a bus driver driving into Edo Government House to offer his advice to the governor. That is how he has democratised and simplified governance in the state.

How to sustain this is through good governance and so far, he has been exhibiting this. He is being likened to former Governor Samuel Ogbemudia and late Governor Ambrose Ali whom everyone has continued to sing their praises. Definitely, Governor Oshiomhole is going to leave a legacy of good governance and unparallel achievements.

He has giving voice to the voiceless and hopes to those who thought that until they knew a certain godfather, they would never get elected into any political office in the state and at the centre.

Will it then be proper to conclude that we may have heard the last on the politics of godfatherism in Edo politics?

Well, I cannot predict tomorrow because I am not God. But all I know and all I can say is that there is awareness today in Edo politics all across the three senatorial districts where votes count. Hitherto, elections were conducted and results of such elections were written and released from one man's house. But thank God, Oshiomhole emerged and saved us from the embarrassment.

As a former PDP senator who won an election into the senate at a time results were ordered written by one man, how would compare where you came from and where you are now with regards to party ethos?

I will not comment on where I came from and where I am now because an election has been won by me on the platform of the ACN, and I am representing the entire Edo South Senatorial District, irrespective of party affiliation. Whether one is ACN, the PDP or the Labour Party, I offer everyone representation. Of course, this is not an election year where we have to castigate one another. As a slogan, I believe that there is no animosity, no quarrel and no bitterness once voting is over.

As Chairman of Senate Committee on Foreign and Domestic Debts, how would you react to Nigeria's current debt profile of over US$6 billion, barely six years that former President Olusegun Obasanjo ensured the country was free of any debt overhang? And how disturbed are you by this new trend?

It is true that former President Obasanjo exited Nigeria from the Paris Club. But we were not entirely free of debts as Nigerians will want to believe. Again, governance in any country of the world is associated with borrowing because there are situations that may confront a country that you cannot help but resort to external facilities to address them. So from time to time, government of any country, both developed and underdeveloped will need external facilities to solve some of its pressing needs. Therefore, Nigeria cannot be an exception. Every country borrows.

What we have noticed is that Nigeria is borrowing and it is doing so at a very alarming rate. That being said, let me clarify here that we are still below the 40 per cent borrowing threshold. Nigerians need not be disturbed about that. For Nigeria's debt profile to pose a threat to the economy, it has to be above the 40 per cent threshold. And currently, we are far below that. We are not even up to 20 per cent.

But why would Nigeria borrow at such alarming rate, despite its huge foreign earnings from crude oil sales? Is that the way countries like Saudi Arabia, Venezuela borrow to sustain their economies?

You are right. Countries like Saudi Arabia and Venezuela may not be borrowing because they know how to manage proceeds from their crude oil sales. But same cannot be said of Nigeria which is also a rich oil producing country.

The problem with Nigeria is management and that of leadership. We are praying that God should give to Nigeria such selfless leaders who will manage key areas of our economy. In that way, we can navigate ourselves out of our current quagmire. This country needs selfless leaders.

Borrowing, as we speak is ongoing and our debt profile is on the increase.

Of course, just as we are borrowing, we are also paying. For instance, in the 2013 appropriation bill, about US$500million was appropriated for the servicing of foreign loans.

How much oversight does your committee exercise over foreign borrowings by the federal government?

What is currently before the senate is the 2012 and 2014 borrowing plan which is about US$9 billion over the next two years. We have alerted the Ministry of Finance to furnish us with details of what and how much is going to the different sectors of the economy as well as the ministries and agencies.

It is when we are armed with these details that the senate can then ask the different committees to monitor what is going to each ministry and agencies. For instance, the housing sector is going to get about US$300 million for its experimental housing scheme. So, the committees in both chambers should be able to play oversight functions to ensure that the allocations are appropriately applied in line with target goals.

Some of the foreign loans Nigeria has obtained fall within what is called concessionary loan which interest rate is not more than two per cent with a 20 to 40-year moratorium.

The challenge of our committee currently is to ensure that every loan collected or obtained is attached to projects.

We have also sensitised other standing committees in the National Assembly of the need to ensure that all the loans from the executive which are before them and requiring their approval are attached to specific projects. This is to enable the committees to follow up with their oversight role.

On the domestic borrowing, the committee is working hard to limit the rate at which government goes to the bond market so that the private sector is not snuffed out or shut out from accessing the bond or capital market.

One major problem or challenge with our debt management is the Fiscal responsibility Act or fiscal autonomy which allows even the other tiers of government to access foreign loan facilities. Recently, the Akwa Ibom State Government went to borrow from one of the foreign banks to refinance a loan they had previously borrowed from one of the banks abroad.

This is so because the Federal Government has no strict control over the states as a result of the Fiscal Responsibility Act.

How verifiable are these debts?

Of course, they are verifiable from the Ministry of Finance, the Debt Management Office as well as the various MDAs.

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The Nation: It Happened To Me

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By popular request, we're bringing in paid plans with some cool new features (and more on the way). You can read all about it in our blog post.
The Nation
A news breaking website. Truth in Defence of Freedom
It Happened To Me
Jun 28th 2013, 23:00, by agency reporter

Somewhere in the South, several decades ago.

Among all the seven villages that make up the clan, Igen was the most outstanding. It didn't have great farmers or fishermen like some of its neighbours nor great warriors like the village of Ukor had. What stood Igen out was its plantation. On the outskirts of Igen, about a kilometre before you get to the village from the Ukor side, the road dips down a little then opens up to a valley. It's here that the large banana and mango plantation that gave Igen its fame was located.

How the plantation came about is shrouded in mystery. Apart from a few oldies in the community, many did not know its origin. The few old men and some women who knew the story were tight-lipped about it. They would shake their heads whenever anyone became too nosy and asked questions about it.

What everyone knew though was that Igen's bananas and mangoes were the sweetest in the area and far beyond. They were so delicious that a myth grew around them.

"They must have put sugar in the roots when they were planting the trees," some of their neighbours often said in envy.

The people of Igen did not care. They were just too happy to reap the bounty from the plantation. Each harvest season, many buyers flocked to Igen from far and wide just to buy the mangoes and bananas. Middlemen from the cities came with trucks and vans which they filled with the fruits and resold in the city for huge profits. Igen people became prosperous from that sole crop. Many built new houses, replacing their old, mud houses with shiny concrete buildings. Others married new wives, thus adding to their harem of women.

The more forward thinking used their largesse to send their children to school in the city. There was no family that did not benefit from the bananas and mangoes as the plantation was communal property, a sweet gift from their ancestors. Igen continued to prosper from its plantation from one generation to the next and the people could not be happier… ***

Things continued that way for years until a series of events took place. It began with a visit from Chief J. Agbah. Chief was the richest and most prominent man in the community. He was not an indigene of Igen, though. It was his mother that hailed from the village. But Chief grew up in Igen as his mother lived there after she ran away from his father and abandoned her marital home many years before. He identified more with Igen than his father's hometown which was about twenty miles from Igen.

The villagers too accepted Chief Agbah as one of their own. That he was rich and influential helped them ignore the fact that he was not a 'true son of the soil.' Besides, he had done a lot for the community in the past by bringing much needed development. It was through his influence that the road leading to the community was paved (the first among the seven villages in the clan) and the tiny primary school expanded so that children from neighboring villages now converged in Igen for learning. Most weekends, he would visit the village from his city base and hold discussions with elders of the community. Most of the talks centred on bringing more development to the village.

Chief Agbah had done a lot for them, the villagers often said among themselves. He was one of their own. They trusted him.

One day, the town crier announced to the villagers that their prominent 'son', Chief Agbah was visiting them that weekend with some important personalities from the capital. There would be a town hall meeting and every son and daughter of Igen must attend, the crier said. There was general excitement among the villagers. What new goodies was their son bringing them this time, they wondered.

The meeting took place at the market square close to the house of Pa Okena, the oldest man in the community.

Chief Agbah arrived with some important looking government officials as well as a couple of white men. He spoke to the villagers briefly then dropped the bombshell: the reason for the meeting was to announce to the villagers that oil had been discovered in their land. Underneath the ground where their plantation was located, were huge deposits of oil, the 'black gold'. Government, he stated had given 'exploratory and exploitation rights' to a foreign company to exploit the oil. This new find, he added would bring immense wealth and benefits to the community and make Igen a shining light in the area…

The news was received with mixed feelings by the villagers. Though happy that they would become an oil producing community, the thought of losing their beloved plantation filled them with great sorrow. That plantation had sustained them for generations, how would they survive without it, they wondered. But at Chief Agbah's continued reassurance that the revenue that would come to the community from the oil would be far greater than what they made from the fruits, they relented.

Soon, the oil exploiters with their heavy drilling equipment came in and Igen was never the same again…

Present day…The rejected stone

Most families have a black sheep and Chief Agbah's was no exception. Lexie was his name. He was the son of Monica, the first woman Chief ever loved. It was way back when he was a struggling young man teaching in a primary school at a village many miles from Igen. Monica was the daughter of the headmaster of the school. She was 18, a great beauty and Chief who was simply known then as Johnson, was smitten. Believing he truly loved her, Monica fell for his sweet words.

She soon got pregnant. Her father, who didn't want a bastard child in his family insisted Johnson must marry her. Johnson had other ideas though. One night, he packed the few belongings he had and sneaked out of the village.

Some months after Monica delivered a baby boy, her father was able to trace the runaway lover boy to his mother's village Igen. Johnson had by this time migrated to the city but his mother agreed to be supporting the child as best she could.

The boy whom his mother named Alexander (but which he shortened to Lexie) did not see his father until he was 11 years old. He was about to attend secondary school then. His mother had taken him to see his grandmother at Igen to make arrangements for his school fees and other expenses. Johnson had been home on a visit that day and it was then father and son set eyes on each other for the first time.

While the boy was excited to meet his father, the latter was not. Johnson barely acknowledged the child who looked so much like him. This first confused the boy, then he grew sad and angry with his father. Over the years, the anger grew and festered until it became a consuming hatred, a resentment against the shabby way he had been treated by his own father throughout his young life.

As he grew older, his hatred for his father would evolve into a desire for revenge, to hit back at the man who had all but abandoned him.

Then, one day, a chance meeting with a lady called Selina changed the course of Lexie's life. He came up with a plan that triggered a series of events that would have a profound effect on the lives of those involved, some for good, most for bad…

•To be continued

•What was Lexie's plan? And what happened to Igen community after the discovery of oil and the destruction of their plantation? Join us next Saturday for the juicy details!

•Names have been changed to protect the identities of the individuals in the story.

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