Wednesday, September 12, 2012

Lagos to introduce Chinese language in school curriculum

Lagos State Commissioner for Education, Mrs Olayinka Oladunjoye, said on Monday that the state government would introduce Mandarin, or Chinese language, in public schools' curriculum as from next session.

Oladunjoye said this in a statement signed by the Ministry's Public Relations Officer (PRO), Mr Lanre Bajulaiye, and made newsmen

The commissioner said this after a meeting with the delegation from the Chinese Confucius Institute, University of Lagos.

She said that learning the language in the state's public schools would be an opportunity for the pupils and students to speak the language and be able to adapt to the Chinese culture.

Prof. Caleb Orimoogunje, Director of the Institute, said the institution was ready to assist the state with necessary logistics to make the teaching and learning of the language easier.

Orimoogunje added that Prof. Lirong Jiang, a co-director of the institute, would help in the take-off of the programme.

Jiang said the institute, as a representative of the Chinese culture in Nigeria, was set up to satisfy people's need about the country's culture.

She noted that the language became necessary because China had become the new destination for economic growth and technological development.

"The Institute is prepared to provide Chinese instructors to teach the language and culture in the state's public schools as soon as the Memorandum of Understanding is signed between the state and the institute.

"The knowledge of Chinese language will help students to further their studies in China and carry out research in various fields of human endeavour as China has become a success story in the world economy," she said.



Tuesday, September 11, 2012

Mikel John Obi amongst Nigerian top football earners

Joseph Yobo, Mikel Obi and Yakubu Aiyegbeni are Nigeria's biggest earners as they each pocket in excess of two million Euros a year.

MTNFootball.com has again scooped that another top Nigerian earner in football is Spartak Moscow striker Emmanuel Emenike.

Yobo is smiling all the way to the bank because his earnings are free of tax in Turkey, unlike when he was in England with Everton.

"He's on crazy money at Fenerbache and he is also playing week in, week out, which was not the case at Everton at a point," a top source informed MTNFootball.com

That could well explain why several more players from Nigeria have now moved to seek their fortune there - Kalu Uche (Kasimpasa), Raheem Lawal (Adana Demirspor) and Uche Kalu (Caysur Rizespor).

"It is a good place for Nigerians to go to because the football is not bad and the money is good because it is free of any tax," a top agent informed MTNFootball.com

Yakubu has proved himself in the English Premier League by scoring double digit number of goals, season after season and so his decision to cash in on a final pay day in China, where he is reportedly on 100,000 pounds-tax free a week.

His super agent Pini Zahavi has even before the striker's move to China secured his financial future for him.

Mikel is on 80,000 pounds a week at Stamford Bridge, but when he has to pay about 42% of that as tax, it leaves him with a little more than 40,000 pounds a week.

He also received a hefty bonus when Chelsea made history by winning their first UEFA Champions League. But again it was heavily taxed.

Emenike is also on a fabulous contract of about 2.5 million Euros a year, but in Russia he has to pay tax and that way he earns less than his national team skipper.

Spartak have reportedly inserted a buy-out clause of 42 million Euros in Emenike's contract after he extended his deal till 2016.

Defender Taye Taiwo also bagged a super deal when he signed up with Italian giants AC Milan. He was on something like 335,000 Euros a month but tax and limited playing time would have eaten deep into this little fortune.

Taiwo is now on loan in Ukraine, where a player like Brown Ideye is also on a very good contract.


Electricity supply drops by 1,000 megawatts in Nigeria

Two weeks after the resignation of Prof. Bart Nnaji as Minister of Power and the subsequent promise by the Federal Government to sustain the improvement in electricity supply achieved during his tenure, consumers in most cities have again started to experience frequent blackouts.

THISDAY checks showed that consumers, who were getting used to a marked improvement in power supply in their homes and offices, have in the last one week started complaining about the return to old order.

A survey of households in Lagos, Abuja, Abeokuta, Kano and Port Harcourt, among other cities, showed that electricity supply was no longer reliable as it was about three weeks ago.

For example, many parts of Lagos have been experiencing epileptic power supply for the last one week, with some sections of the city cut off completely from electricity since Friday.

In Kaduna metropolis, for instance, some areas that used to have 18 hours of power supply are now down to eight hours or less.

A resident of the state told THISDAY that the recent review of tariffs has aggravated the plight of the residents of the city.

"With 18 hours of light, I used to pay N5,000 monthly and the money will be carried over to the next month. But since the increase in electricity tariffs, I have been paying almost N11,000, without any carry over to the next month.

The situation was also the same in some parts of Port Harcourt most of last week. "For almost one year, we did not have light until the past three months when we started having light up to four hours. But this time, it is two hours for the past one week," said Ndubuisi, a resident in Port Harcourt.

Another resident in Enugu State and auto parts dealer, Nnaemeka, also told THISDAY that electricity supply, which had improved in the state capital, has been epileptic for the past few days.

He, however, stated that the residents of the city had attributed the worsening supply of electricity in the state to the heavy rains, which have been falling in the area in the last couple of days.

Kano State has also witnessed a significant drop in electricity supply in recent days. A civil engineer, Mohammed Bello, while lamenting the return of epileptic electricity supply, wondered why PHCN had not even issued a statement explaining why output had dropped.

"If it is gas, they should let us know, if it is system failure, they should let us know. They owe us some kind of explanation," he said.

A source with the Power Holding Company of Nigeria (PHCN), who spoke to THISDAY, blamed the situation on damaged distribution and transmission facilities, which have not been fully repaired.

It was also gathered that the drop in electricity supply was occasioned by the loss of about 1,100 Megawatts of electricity from the national grid.

This development, it was learnt, has fuelled speculation that the workers of the successor companies of PHCN, who have been celebrating Nnaji's exit, have resorted to their business-as-usual work ethic.

THISDAY gathered that power supply, which peaked at 4,321.3MW when Nnaji resigned as minister on August 28, and remained at the same level up until August 31, has continued to dwindle daily, with the system witnessing a partial collapse on September 7.

Shortly before the former minister resigned his appointment, the country achieved a new high in power generation of 4,307.7MW and an additional 170MW, which served as spinning reserve, bringing the total quantum of electricity generated to 4,477.7MW.

This new peak exceeded the record level of 4,237MW achieved on August 6 by 240.7MW.

Before Nnaji was appointed minister in 2011, the first attempt by the country to generate 3,800MW in August 2010 led to the collapse of the system within a few minutes due to the weak transmission infrastructure.

However, it was learnt that the power situation worsened at the weekend as supply dropped to 3,224.3MW on Saturday, after peaking at 4,077MW earlier in the day.

Some of the power stations that were the worst affected by the drop in supply include the Geregu Power Station in Kogi State, which was generating an average of 210MW per day, but dropped to 10MW at the weekend. The drop in power output at Geregu was blamed on shortage in gas supply.

Similarly, the Okpai Power Plant in Delta State, which was generating 466MW per day but has also dropped to 276MW, while Sapele dropped from 180MW to zero.

The Omotosho Power Station in Okitipupa Local Government Area of Ondo State, which is under the National Integrated Power Projects (NIPP), also witnessed a drop in generation from 230MW to 167MW. While electricity generated from the Egbin Power Station in Lagos, the biggest power station in the country, dropped from 900MW to 453MW.

A source, however, blamed the drop in output from Egbin to lack of gas, as the turbines are ready to generate about 800MW, subject to the availability of gas.

Power generation from Kainji Power Station also declined to 187MW from 193MW, while Jebba, which was generating 402MW, dropped to 385MW.

Afam IV Power Station in Rivers State has also witnessed a drop in performance with generation falling to 315MW after peaking at 458MW.

With the fall in supply, the highest voltage recorded at the weekend was 347KV at the Benin Transmission Station, while the lowest was 290KV recorded at the Kano Transmission Station.

Sources attributed the drop in output from several of the power stations to the poor attitude to work by PHCN workers and lack of effective supervision.

A power ministry source confirmed this, saying when the former minister was in office he kept the CEOs of all the power companies and their executive directors on their toes.

"You know the ministry had signed service level agreements with all the CEOs and the minister had an effective monitoring mechanism to ensure that output was raised and sustained.

"But without anyone breathing down their necks, most of them are beginning to relax; that may be the reason we are beginning to experience epileptic power supply again. In addition, the dry season is not yet upon us yet, so we should be edging up to 5,000MW by now, not retrogressing," he explained.

Also, the dwindling performance in power generation and distribution has been blamed on the lack of commitment by government, as nobody appears to be in-charge in the absence of a power minister.

Nnaji, during his tenure, was able to whip workers in the sector in line and was the only known minister to have fired top officials of PHCN for non-performance and failure to meet their targets under the service level agreements.

Although President Goodluck Jonathan had directed Minister of State for Power, Mr. Darius Ishaku, to take charge of the ministry after Nnaji's resignation, sources said Ishaku lacks the hands-on experience required to effectively tackle the rot and pervasive incompetence in the system.

Jonathan, while reconstituting two committees on the power sector, last Wednesday, had pledged to sustain the stable power supply in the country, even after the rains.

The two committees, whose reconstitution was triggered by Nnaji's resignation, are the Presidential Action Committee on Power (PACP) and the Presidential Task Force on Power.

Jonathan, at a meeting with members of the reconstituted committees acknowledged that Nnaji's resignation had stalled the meeting of the PACP.


Nigerian pension fund found stashed in UK bank

An investigative panel set up by the Federal Government to audit existing financial activities around the controversial Power Holding Company of Nigeria, PHCN, Superannuation Pension Fund has uncovered about £2,204,814.18 million company's total pension sum stashed away in a bank in the United Kingdom (UK).

The money which has been lodged in the UK's Barclays Bank for close to 21 years was said to have accumulated from pension deposits for expatriate workers of the utility by its officials long before it metamorphosed into PHCN.

Chairman of the eight-man government audit panel on PHCN pension, Mr. Joseph Ajiboye who is also a former Auditor General of the Federation, AuGF, said however that the panel could not ascertain if officials of PHCN had continued to remit pension and gratuity deductions to the said foreign account considering that the last expatriate pensioner of the utility is reported to be late.

Presenting the report of the investigation yesterday to the Minister of State for Power, Mr. Darius Ishaku, Ajiboye explained that its consideration of various financial audit activities of the in-house pension scheme of the company showed that its failure to fund the scheme was based on an excuse that it has perpetually operated at commercial loss, especially within these periods.

He noted that financial audits of the scheme from 1990 to 2010 which it studied in a bid to ascertain transactional trends in the account showed that from 1990 to 1999, a total of N1, 787,919 billion was paid out as pension and gratuities to workers while N51, 279,940,138 was paid out in the years 2000 to 2010.

The panel's report also indicates that PHCN has in the past 21 years failed to fund its in-house pension scheme, thus putting the future of its retiring workers in jeopardy. The report disclosed that currently the electricity behemoth has no money to fund the pension scheme.

It also discovered that some of PHCN assets which were assigned to fund the pension scheme had been purportedly sold off.

According to Ajiboye, the financial documents studied by the committee showed that a total of N5,367,859,138 was paid out as pensions and gratuities to PHCN workers within these periods, adding that an actuarial sum of N107 billion was equally set aside by the utility as contingent sum.

The immediate past Minister of Power, Prof. Barth Nnaji set up the panel with a 30-day lifespan to investigate the status of pension in the power sector vis-à-vis the pension laws, identify officers involved in any act of misconduct in the management of pension as well as review pension matters in the Agari committee report.

This was following allegations of illegal operation of and deductions from an in-house pension scheme that runs contrary to extant pension laws in the country,

The panel was also expected to recommend measures to guard against occurrence of similar incidents in the future as well as sanctions against culprits.

The report said PHCN has for years operated an in-house defined pension scheme codenamed "the superannuation pension fund", with only the management and leaders of its trade unions as its trustees; this arrangement however runs contrary to provisions in the Pension Reform Act (PRA) 2004 which came into operation in 2007, and has however been frowned at by the Federal Government.

According to Ajiboye, "When we looked at all the financial statements that had been audited as far back as 1990, we found out that between 1990 and 1999, the total pension and gratuity paid under the superannuation fund was N1,787,919 billion, both gratuity and pension were less than N2 billion paid and it is understandable because of the low level of salaries and wages paid in the 90's.

"From 2000 to 2010, the total pension and gratuity paid was N51, 279,940,138 and so for the 21 years running, the total gratuity and pension paid under the superannuation fund to all pensioners was N5,367, 859,138, that is all that has been paid since 2010 and these accounts had been audited and confirmed as real and applicable figures."

He further noted that, "We had an issue of N107 billion which was an actuarial valuation and was a contingent liability; it is not as if any money was paid out of that.

"We also spoke with the National Union of Pensioners who gave us a historical background of the scheme which they traced to the ECN and the Niger Dam Authority and how the issue of 25 percent arose; we have a paper from them that shows that there was no deduction of the percentage from the salaries of any worker up till April this year, they also showed evidence that when the ECN and Niger Dam were collapsed into one, they all decided to maintain one scheme but it was not contributory.

The panel further observed that "certain properties were given to the superannuation fund to bring income in addition to whatever PHCN would contribute but unfortunately we found out that one of the properties in Kado Abuja was purportedly sold and we didn't find out if there was any money remitted from such sale.

"Another one is a storey building in Lagos that was ceded to the Federal Inland Revenue Services by PHCN because it was owing taxes that it could not pay. The recurrent expenditure of PHCN is not provided by the government but its capital expenditure.

"We found out that a total of £2,204,814.18 million of PHCN pension money is still in London laying idle as accumulated monies from pension deposits for expatriate workers of the former ECN and Niger Dam Authority; we understand that there have been efforts to retrieve the money that is lying idle in the Barclays Bank," Ajiboye stated.

The panel however recommended amongst other things that a full audit of accounts of PHCN successor companies be carried out to ascertain their levels of accountability with funds given to them by the Market Operator.

Ishaku in his remarks, expressed gratitude to the panel which he noted had done a thorough job that will quicken outstanding negotiations with PHCN unions on the privatisation exercise.

Vanguard

Monday, September 10, 2012

Video - Sacked Air Nigeria staff protest



Former staff at Air Nigeria say they've been unfairly sacked.

The airline announced it was shutting down operations on Wednesday, and fired nearly 1,000 people.