Tuesday, March 15, 2011

MEND Threatens to Bomb Abuja, Lagos

 A warning purportedly coming from the Movement for the Emancipation of the Niger Delta (MEND) indicates that it plans to commence simultaneous bomb attacks on oil installations in the Niger Delta area as well as in Lagos and Abuja.


The warning, posted on the internet by Jomo Gbomo yesterday, added that Nigerians and foreigners who ignored the warning did so at their own peril. The militant group insisted that the planned attacks would be catastrophic.


The statement reads: "The Movement for the Emancipation of the Niger Delta (M.E.N.D) will soon commence simultaneous bomb attacks on oil installations in the Niger Delta and other strategic locations in Abuja and Lagos State of Nigeria.


"Due to our commitment to averting avoidable loss of lives, advance warnings for immediate evacuation as previously done will be issued and a final warning will be issued thirty (30) minutes prior to the blasts, after which will follow a statement of claim in line with our modus operandi.


"The Movement for the Emancipation of the Niger Delta (M.E.N.D) advises the general public in the strongest of terms to stay clear from all political gatherings or meetings of any sort.


"It should be recalled in our last Independence Day bomb blast that it was due to the callousness of the Nigerian security services and ignorance of the general public that led to the fatality. Again, anyone who chooses to ignore this warning does so at their own peril as the aftermath of these blasts will be catastrophic.


"The government of Goodluck Jonathan has shown its unwillingness to address the key issues of the Niger Delta but chosen, instead, to continue doling out bribes to thugs and plunder the resources of the Niger Delta into his presidential campaign while deceiving the world and Nigerians that there is peace in the Niger Delta.


"Our revolution, like that of our fellow brothers in Northern Africa, will start with the crippling of the Nigerian oil industry to flush out all Western oil companies operating in the Niger Delta region with the simultaneous bomb blasts never anticipated in the history of this country.


"The Movement for the Emancipation of the Niger Delta salutes the courage and dedication of its fighters who have, against all odds, persisted in the fight for justice."


Leadership


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Monday, March 14, 2011

Earthquake - Nigeria to Assist Japan

Nigeria has said, it would, "in its own little way", assist Japan which had its north-eastern part struck by a powerful earthquake and a tsunami on Friday.


Her commitment to assist came on the heels of similar pledges by some 50 other countries across the world yesterday, which offered to support Japan in its "recovery effort".


Reacting to the devastation of some parts of the Asian country by a combination of the earthquake, measuring 8.9 on the Richter scale, and the subsequent tsunami, Foreign Affairs Minister, Mr. Odein Ajumogobia, said Nigeria stands in solidarity with the people and government of Japan.


"Our heart goes out to the families of those, who lost their loved ones in this tragedy and we stand in solidarity with the government and people of Japan.


"We hope that as the international community rallies round to offer support, we will, in our little way, do what we can to lend support to the efforts to bring some succour to those who have been affected by this natural disaster," Ajumogobia said.


He said the Nigerian mission in Tokyo had been contacted, confirming that the embassy itself was not affected but they had been directed to set up emergency communication lines for Nige-rians, who might be affected by the natural disaster.


The minister said the deadly incident was also a reminder of the challenges facing the world in the area of climate change.


Noting that the deadly incident had been described as the worst in Japan in over a hundred years, he said it was a call to the international community to stand together in tackling the challenges of climate change.


As part of relief efforts for the areas devastated by the earthquake and tsunami, the Canadian Red Cross Society Saturday launched a Japan Earthquake/Tsunami fund, which in the first nine hours, raked in about $176,000 from donations from Canadians.


Japanese Chief Cabinet Secretary, Yukio Edano, also confirmed yesterday that there was an explosion and radiation leakage at Tokyo Electric Power Company's Fukushima Daiichi nuclear power plant.


Radiation leaked from the crippled nuclear plant after a blast blew the roof off, and authorities prepared to distribute iodine to people in the vicinity to protect them from exposure.


The government insisted radiation levels were low because although the explosion severely damaged the main building of the plant, it had not affected the reactor core container.


Local media said three workers suffered radiation exposure at the plant in the wake of Friday's massive earthquake, which sent a 10-meter (33-foot) tsunami ripping through towns and cities across the northeast coast.


Meanwhile, Japan's foreign ministry confirmed that condolences and offers of aid poured in from around the world, including Canada.


Japan had requested search and rescue teams from several countries with early estimates put at billions of dollars.


On its part, the United Nations Secretary General Ban-Ki Moon said UN would do everything it can to help Japan. This also followed assurances from President Barack Obama that the US was sending another aircraft carrier to the region along with equipment that can lift huge loads.


Similarly, Canada's Prime Minister Stephen Harper said he spoke on Friday with Japan's ambassador to the country, during which he "offered any support and assistance that may be needed by that country."


The International Comm-ittee of the Red Cross has also set up a Family Links website to help people trying to re-establish contact with missing family members and friends. The ICRC said the worst hit areas are in the prefectures of Miyagi, Fukushima, Tochigi and Ibaraka.


The earthquake, which swept away cars, ships and buildings by a wall of water struck about 400km (250 miles) north-east of Tokyo, have reportedly left at least 20 aftershocks, with magnitudes ranging from five to 6.8.


The Economic Times reports that the aftershocks rocked Japan's east coast yesterday, a day after the 8.9-magnitude earthquake devastated the country and caused mass destruction.


The damage caused by the quake, reports said on Friday, was amplified by tsunami waves slamming Pacific coastal regions in northeastern Japan.


The official death toll stood at 413, while 784 people were missing and 1,128 injured.


Equally, about 725 people remain unaccounted for in six prefectures, while the number of victims of the catastrophe was expected to rise to well over 1,000 people, the defence ministry said yesterday.


The National Police Agency said about 1,800 houses in Fukushima prefecture were destroyed. It said more than 215,000 people were in emergency shelters in eastern and northern Japan yesterday.


Search and rescue efforts were being conducted with the help of the US military, with around 20,000 personnel, nearly 200 aircraft and 25 boats being dispatched to the hardest-hit northeastern region.


Prime Minister Naoto Kan yesterday inspected the quake-hit nuclear power plant in Fukushima, where damage from a radioactive leak occurred. He also toured other affected areas.


"I realised the huge extent of the tsunami damage," Kan told reporters after returning to Tokyo.


Almost six million households were left without power in quake-hit areas yesterday and four trains operating in the coastal regions of Miyagi and Iwate prefectures have yet to be found following the colossal tsunami.


This Day


Related story: Nigeria to assist Haiti




Truck Load of Explosives Seized in Jos

The Special Task Force (STF) maintaining security in Plateau State has intercepted a truck loaded with explosives on its way to Jos from Kaduna.


The truck with registration plate number XH 379 KMC was arrested early Thursday with a police escort. The policeman was in mufti.


Captain Charles Ekeocha, spokesman for STF said the interception was made at Mistali near Jos.


He said the discrepancies in the waybill of the consignment said to belong to Duwan Company Limited in Jos was purportedly signed in Lagos whereas the vehicle originated from Kaduna a situation that raised suspicion.


He said the movement of such large quantity of explosives without proper security cover was another issue adding, "the commander of the STF, Brigadier General Hassan Umaru has directed that the vehicle with its load be detained pending further investigation as to the end use and properly look into the papers which has discrepancies issue."


The explosives found in the truck according to the statement include, 15,000 kg of Ammonium Nitrate, 50,000 kg of cordex fuse (500Ã-100) 5,000 pieces of electric detonator [1000 pieces X 5 cases} 1,000 pieces of card relays 25ms ( one case) 80 pieces of electric detonator.


Others are 775 Kg of super power, 25 mm (25 Kg x 31cartons), 5pieces of 4 ft. drilling rod and pieces of 6 ft. drilling rod.


Vanguard


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Friday, March 11, 2011

Aliko Dangote is Africa's Richest Man


President of Dangote Group, Aliko Dangote (53), has emerged the richest man in Africa, for the first time, with a net worth of $13.8 billion, according to a report from the Forbes annual world's billionaires ranking, released on Wednesday.


The 14 Africans on the 2011 Forbes Rich list are two Nigerians, four South Africans and eight Egyptians.


The Aliko Dangote's fortune surged 557 per cent in the past year, from 436 position to 51 in 2011, making him the world's biggest gainer in percentage terms and Africa's richest individual for the first time.


Also, on the Forbes list for Nigeria is the Chairman of Globacom and Equatorial Trust Bank (ETB), Dr. Mike Adenuga jnr (54), who is valued at $2 billion.


Adenuga debuts on the billionaires' list after making waves with mobile technology.


His telecoms carrier, Globacom, recently launched a 4G network, and he has invested $1 billion on a submarine cable, connecting Nigeria to the rest of the world.


He owns a stake in the Equitorial Trust Bank and chairs Niger Delta oil exploration firm, Conoil.


With presence in 14 African countries, Dangote has emerged the continent's biggest cement maker, contributing significantly to other African countries' economy.


Dangote began his career as a commodities trader; built his Dangote Group into a conglomerate with interests in sugar, flour milling, salt processing, cement manufacturing, real estate, oil and gas, among others.


Meanwhile, Carlos Slim remain the world's richest person for a second year with estimated assets of $74 billion, according to Forbes Magazine's annual global ranking of billionaires.


Dangote is now richer than long-time white South African billionaires, Nicky Oppenheimer of Debeers and Johann Rupert of luxury goods group Richemont, who owns Cartier, Dunhill and other premium brands.


For now he is gearing up to introduce Dangote Cement to foreign investors.


Companies listed on the Nigerian Stock Exchange (NSE) are required to have a minimum free float of 25 per cent, Dangote initially listed five per cent shares.




According to analysts at Thaddeus Investment Advisors, the Nigerian market is too shallow for a stock of Dangote Cement's size to be listed on the exchange; this is why the balance of the free float will be listed outside of Nigeria.


Dangote, who recently bought himself a $45 million Bombardier aircraft for his birthday, has been shuttling back and forth London for months, in anticipation of a public offering in London later this year.


Nasir El-Rufai, former Minister of Federal Capital Territory (FCT), described Dangote as a rare breed and the pride of Africa.


He said: "When the producer of the BBC documentary described Dangote as the wealthiest black man in the world, several people challenged him. Well, Forbes just released their wealth list today and you guessed it, Dangote is not only the richest black man. But he is also richer than Mark Zuckerberg, founder of Facebook. The Nigerian spirit is an excellent spirit. Believe it today and always."


An astute world class business expert, with worldwide business interests, Adenuga, is a highly respected entrepreneur and one of the biggest employers of labour in the country.


In the last two decades, he has established a pedigree as a well-focussed and prudent manager of men and resources with the ability to successfully transform ideas and dormant businesses to highly viable enterprises.


He has founded and successfully run high-profile companies in the most lucrative sectors of the economy including telecommunications, banking, oil and gas.


His foray into banking commenced about 20 years ago when he established two banks, Devcom Merchant Band and Equitorial Trust Bank, both of which were merged to become the Equitorial Trust Bank during the consolidation exercise of 2005.


In the oil sector, he also achieved a historic feat in December 1991 by being the first Nigerian to find and produce crude .oil in commercial quantities at the Bella field.


In 2000, he bought majority shares in the downstream oil company, National Oil, and transformed the loss-making company into a profitable business.


Now renamed Conoil Plc, the company has been paying dividends to its shareholders since its acquisition.


Adenuga became a household name following his establishment of the Glo brand and his focus on Nigeria and Nigerians as the heartbeat and driving force of the company's competitive stance, as captured by its Glo with Pride and Rule your world slogans.


It is the opinion of many that Adenuga has infused pride in Nigerians through the achievements of Globacom and Glo Mobile, which are currently operating mobile telecoms services in three countries and gateway services in four.


Daily Independent


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Thursday, March 10, 2011

Video - Reforming Nigeria's Power Sector


The electricity shortages in Nigeria can be a thing of the past as the private sector appears to be responding favourably to government plans to reform the power sector. The restructuring of the Power Holding Company of Nigeria will help the country diversify its energy mix while attracting new players in renewable energy to help ease the burden on fossil energy. ABN bureau in Lagos investigates.


ABNDIGITAL


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