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Dangote Sugar Rising Amidst Economic Recession, Rakes-In N19 Billion Gross Profit

QJW

Nigeria’s foremost sugar producer, Dangote Sugar is rising in the face of economic recession in the country, reporting a gross revenue of N115.3 billion for the nine months ended September 30 2016.

According to the unaudited quarter result released at the weekend on the floor of the Nigerian Stock Exchange (NSE), the earnings for the period indicates a 58 percent leap over N78 billion gross earnings in the corresponding period in 2015.

Breakdown of the result indicated that gross profit rose to N19 billion compared to N18.7 billion in 2015 representing a 1.2 percent increase. Profit before tax rose from N14.2 billion to N15.3 billion while profit after tax grew from N9.3 billion to N10.1 billion.

Speaking on the performance, the Acting Group Managing Director, Dangote Sugar, Engr. Abdullahi Sule, said “Despite the continued challenges in the economic and business environment, orchestrated by the continued rise in inflation, insufficient foreign exchange to finance raw materials and equipment inputs, our revenue grew by 58.0 % over the corresponding period in year 2015.”

“We continued with efforts at actualizing our sugar Backward Integration Master Plan withfocus on Savannah Sugar, Lau/Tau and other project sites in the first phase of the project.

We remain resilient and optimistic that our set goals will be achieved with the continued implementation and review of our initiatives to grow sales volumes, increase our market share, and focus on the actualization of our “Sugar for Nigeria” backward integration projects plan.”

Dangote Sugar is Nigeria’s largest producer of household and commercial sugar with 1.44 million tonnes of refining capacity, with the ability to supply most of the country through an extensive network of distributors. The refinery at Apapa imports raw sugar from Brazil and refines it into white, Vitamin A fortified sugar suitable for household and industrial uses.

The Savannah cane sugar factory located near Numan, in Adamawa State has an installed factory capacity of 50,000 tonnes.  Covering 32,000 hectares in extent, the Savannah estate has considerable opportunity for expansion which is underway.

Dangote Sugar has the strategy of becoming a global force in sugar production, working within Nigeria’s National Sugar Master Plan to end importation and sell more than 1.5 million metric tonnes of locally produced sugar in Nigeria and neighbouring countries. [myad]

Ganduje Promises To Bring Back Triumph Newspaper To Honour Late Abubakar Rimi

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Kano state Governor, Dr.  Abdullahi Ganduje of Kano State has promised to revive the moribund Triumph newspaper, which was established by late Abubakara Rimi when he was governor of the state.
Ganduje, who spoke in Sokoto at a media interaction on the sideline of a three-day retreat for officials and stakeholders of the State’s Chapter of All Progressives Congress on: “Political Party Management,” agreed that running a government media is no longer profitable and that that was what affected the Triumph newspaper.
“The outfit was established by our late political icon and a former Governor in Kano State, Alhaji Abubakar Rimi. So, we will do whatever it takes to bring the newspaper back to the streets in his honour.
“This is also to help us in further enlightening the people on the people-oriented policies and programmes of this administration.”
The governor stressed the importance of the media in the society.
Ganduje said that the retreat was organized to reposition the party in the state for better service delivery by the government.
The governor lamented that, in Nigeria, political parties usually “go into exile’’ after elections.
“This is not supposed to be so and this is what we want to change in Kano.
“The political parties are the backbone of democracy; just as internal democracy and party supremacy are also crucial.” [myad]

Buhari Storms Ondo Wednesday For Governorship Campaign Launch

Buhari addressing supporters

President Muhammad Buhari is expected to arrived Akure, the Ondo state capital on Wednesday, November 3 for the launching of the campaign rally of the All Progressives Congress (APC) governorship candidate, Rotimi Akeredolu.
A statement by the party’s State Publicity Secretary, Omo’ba Abayomi Adesanya, said that Vice President Yemi Osinbajo; the National Chairman of the party, Chief John Odigie-Oyegun; the National Leader of the party, Asiwaju Bola Tinubu; the President of the Senate, Dr. Abubakar Bukola Saraki; and Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara; and all the APC state governors would also be present.
He said that already a 30-man Local Organising committee for the campaign has been inaugurated. The committee is headed by Agboola Ajayi.
The governorship election will take place on November 26. [myad]

APC Supports State Police, Vice President Osinbajo Clarifies

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Vice President Yemi Osinbajo has said that community policing through State Police is a cardinal program of the ruling All Progressives Congress (APC).

The Vice President, who was answering questions at a Townhall event where he interacted with US-based Nigerians in Houston, Texas in the US, said that such agenda on state police cannot be implemented until there is an amendment to the nation’s constitution.

He gave a scenario where a policeman from Bayelsa State is working in Borno State where he cannot even speak the language or understand the culture of the people he is policing, adding that such policing system can be counterproductive.

“The current situation where police activities are controlled at the federal level sure has some limitations. The federal government is currently working to introduce community policing that would be in line with the constitution.”

Vice President Osinbajo disclosed, while answering another question that Nigeria security agencies have so far arrested about 800 suspected violent herdsmen across the country, saying: “the President (Muhammadu Buhari) has given firm instructions to the security agencies to arrest not only herdsmen who are attacking communities anywhere in the country but anyone of them or anyone at all in possession of firearms.

“There are about 800 of suspected violent herdsmen in the country that are currently in custody.” The Vice President, who decried the slow pace of the criminal justice system that is affecting the prompt trial of such suspects, said that the issue of killings by such violent herdsmen has been a perennial one, especially as grazing lands continue to disappear over the years and the cattle feed on people’s crops on the farmlands.

He therefore kicked against the tendency by the people interpreting the herdsmen issue as a religious one, asking Nigerians to refuse to be drawn to such divisive narratives and tendencies.

He emphasized that there has always been a conflict between herdsmen and communities across the country and that people should disabuse the notion that the problem has just started because of President Buhari, who happens to be a Fulani.

The Townhall event, according to the senior special adviser to the Vice President on media and publicity, Laolu Akande, was shown live at the event and via the Internet.

He said that Professor Osinbajo fielded about thirty questions at a well-attended town hall event which was moderated by popular columnist, Rudolf Okonkwo and Professor Nimi Wariboko of Boston University. [myad]

Kenya Politician, Kibor Moves To End 51 Year Marriage With Wife Over Land, Other Matters

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82 year old veteran Kenyan politician cum farmer, Jackson Kibor has filed for divorce against his second wife with whom they have married for 51 years, and blessed with six children.

Jackson Kibor, a once powerful, Kanu bigwig and close confidant of former president Moi, married to Josephine Jepkoech as second wife at an Eldoret court in 1965.

Mr Kibor, respected for his political and financial muscle among the Kalenjin community, filed for divorce and accused his wife of desertion, cruelty and interfering with his ownership of an 800-acre piece of land in Kipkabus, Uasin Gishu County.

In the lawsuit, the man told senior principal magistrate Charles Obulutsa that he has not spent time with Josephine for more than 30 years and, as such, he wants the court to nullify the marriage.

In her defence, Josephine dismissed the allegations, saying that she has committed to their marriage, having invested time and resources in it.

She further told the court that her husband left their matrimonial home in Kipkabus area in 1975 voluntarily and it was his preference to live with his third wife, Naomi Kibor, in Ziwa area.

In her defence on the dispute centers on a row over their co-owned 800-acre piece of land at their matrimonial home in Kipkabus, she said that Mr. Kibor filed the case after she stopped him from selling 200 acres of their land.

Mr Kibor is not a stranger to court disputes with family members.

In May, he moved to court to bar the transfer of land to his sons, despite having subdivided it to them as a sign of inheritance.

The divorce case has been scheduled to he heard on November 9. [myad]

How Taraba And Benue Governors Foil Attempted Kidnap Of Royal Father

PIC.13. GOV. DARIUS ISHAKU OF TARABA STATE (L) WITH GOV. SAMUEL ORTOM OF BENUE  STATE, AT THE 19 NORTHERN GOVERNORS FORUM MEETING IN KADUNA ON FRIDAY (11/9/15). 6573/11/9/2015/SP/CH/NAN

Governor of Taraba state, Darius Ishaku and his Benue counterpart, Samuel Ortom, rose to the occasion today, Saturday to foil attempt by gun men to kidnap the district head of Chir-Akera in Lufu, Takum, Veyor Gbatu.

Recounting the drama to news men, the Counsellor of Fete ward, Mr. Andrew Titus said that about twelve heavily armed men invaded the community and forcefully captured the district head.

“I got a call this morning from the district head of Lufu who told me that the chief has been captured by some armed youth. I quickly swung into action and told the chairman of the local government who in turn quickly reached the governor.

“I later learnt that the governor promptly called his Benue state colleague, Governor Samuel Ortom, for coordination. This is how our governor has been doing this by always linking up with other stakeholders, especially the Benue state governor.

“It worked well because our youths were able to intercept the abductors as they were getting out of town. The monarch was tied up in the boot of the van they used.

“When we met them initially, they threatened to shoot me. They wore military uniforms and held sophisticated weapons. My worry is how did they get those uniforms to wear? Who gave them soldier uniforms? They said they are informers for the military. But informers shouldn’t be wearing uniforms I think. Eventually, the CO said we should release them to the police. So we freed the chief and took him back to his domain.”

The Takum youths expressed concern over the spate of invasions from Benue state, noting that the incidence to lead to crisis in the tense area.

Titus said: “l think they should be able to address this issues and take it seriously. How can you have a situation where people don’t respect boundaries? We are separated from Benue state by 16 kilometers distance. But they are always encroaching and even giving names to settlement. No one from here can dare do that in Benue. It appears our hospitality is being abused.” [myad]

Corruption In Judiciary: EFCC Turns Searchlight On The Bar, Interrogates 8 Senior Advocates

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The Economic and Financial Crimes Commission (EFCC) is extending the war against corruption in the judicial arm to the bar as it has invited eight Senior Advocates of Nigeria (SANs) for interrogation over alleged payments into judges’ accounts.

This is coming three weeks after the Department of State Security (DSS) raided the homes of several judges, including two justices of the Supreme Court, and arrested them for alleged corruption.

Four of the SANs were said to have been interrogated by the operatives of the anti-graft commission.

It was learnt that all the SANs have denied the EFCC allegation, saying in their written statements to the commission that at no time did they remit money into the account of any judge for the purpose of perverting justice.

EFCC sources said that it had uncovered “curious payments” into judges’ accounts by the SANs after screening the call logs and text messages of a SAN.

It was gathered that one of the payments was made into the account of a judge of the National Industrial Court (NIC) who was invited by the EFCC for questioning.

“We have summoned eight judges for interrogation over suspicious payments into judges’ accounts.

“Four of the SANs have made what I may term useful statements on oath at our office in Lagos. We have granted them bail but investigation is still ongoing.

“It is too early to presume them guilty or not until we have concluded the ongoing probe.

“When we analyzed the call logs and text messages of one of the SANs, we retrieved evidence of remittance and text messages acknowledging some payments between him and a judge of the National Industrial Court( NIC).

“The affected judge was invited for interrogation during the week. We are still forging ahead with our investigation.”

Security agencies are currently probing six judges and 10 SANs. Some of the judges had earlier reported to the commission.

Two of the five judges are alleged to have received over N2.75 million bribe from two senior lawyers, Rickey Tarfa (SAN) and Joseph Nwobike (SAN).

The EFCC had on March 9, 2016 arraigned Tarfa and Nwobike before Lagos High Court on allegations of bribery and offering gratification to a public official.

“Nwobike and Tarfa are facing criminal prosecution for allegedly offering gratification to Federal High Court judges to refrain them from exercising the duties of their office.

“Subsequent investigation revealed that the two Judges allegedly received sums of money from the two senior lawyers severally.”

The allegations against the two SANs are as follows:

That you Rickey Tarfa SAN on the 29th day of January 2014 in Lagos within the jurisdiction of this honourable court intentionally gave the sum of N1, 500,000 to Hon. Justice Nganjiwa Hyeladzira Ajiya of the Federal High Court directly from your Zenith Bank Account No. 1002926967 in order that the said judge refrains from acting in the exercise of his official duties.
That you Rickey Tarfa SAN on or about the 15th day of December, 2015 in Lagos within the jurisdiction of this honourable court intentionally gave the sum of N500, 000 to Hon. Mohammed Nasir Yunusa of the Federal High Court indirectly through Awa Ajia Nigeria Limited’s account No. 0000971941 domiciled in Access Bank Plc belonging to Hon. Justice Nganjiwa Hyeladzira Ajiya in order that Hon. Mohammed Nasir Yunusa refrains from acting in the exercise of his official duties.”
That you Dr. Joseph Nwobike (SAN) on the 28th day of March 2015 in Lagos within the jurisdiction of this honourable court intentionally gave the sum of N750,000 to Honourable Justice Mohammed Nasir Yunusa of the Federal High Court directly through your United Bank for Africa Account No. 1002664061 in order that the said judge refrains from acting in the exercise of his official duties and thereby committed an offence contrary to section 64 (1) of the Criminal Law of Lagos State No. 11 of 2011. [myad]

Ghana Confers Highest National Honour On Nigerian Billionaire, Mike Adenuga

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The government of the Republic of Ghana has conferred on a Nigerian billionaire, Mike Adenuga, its highest national award of ‘Companion Of The Star of Ghana.’

At a ceremony in Accra, Ghana today, Saturday, Ghanaian President, John Mahama bestowed the honour on the Nigerian tycoon in recognition of the immense contributions he has made to Ghana’s economic growth.

Adenuga, who is referred to as ‘The Bull’ in Nigerian business circles, has assets worth more than $8 billion in Ghana alone, according to a citation read during the ceremony by President John Mahama.

“Throughout Africa, you are acclaimed as one of the most astute and successful entrepreneurs and investors, controlling one of the continent’s largest business empires, comprising oil and gas, telecommunications, aviation, banking and real estate,” President Mahama said.

Adenuga’s companies are also among the largest corporate taxpayers in Ghana.

Apart from Adenuga, the only Nigerians who can lay claim to such an honor from Ghana are former Presidents of Nigeria.

Adenuga hence becomes the first Nigerian outside government to receive Ghana’s highest national honor.

Adenuga, 63, is the founder of Globacom, Nigeria’s second largest mobile telecoms company with more than 25 million subscribers. He also owns Conoil Producing, Nigeria’s largest indigenous oil exploration company, as well as Conoil PLC, a leading oil marketing company in Nigeria.

He is the single largest property owner in Nigeria and, owns an extensive property portfolio in Ghana, South Africa, France, U.K and the United States. [myad]

 

Radio Biafra Suffers Major Setback As Facebook Shuts Its Account And That Of Its sponsors

Radio Biafra

Radio Biafra, the promoter of the Indigenous People Of Biafra (IPOB), agitating for the breakaway of Igbo people from Nigeria, has suffered a major setback as the Facebook shut down its account and the account of the principal officers of the IPOB itself.

The principal officers whose accounts were also shut were Uche Alphonsus Mefor, Clifford Iroanya, Uchenna Asiegbu, Austin Ofomah, et al. This was even as there were speculations that the shutdown is not unconnected with the recent visit to Nigeria by Facebook proprietor, Mr. Mark Zuckerberg.

Others reasoned that the shutdown was because of the overwhelming support by Biafrans, South Easterners, and South Southerners for Donald Trump ahead of the forthcoming U.S. Presidential elections. [myad]

Probing Of Past Governments: I Won’t Join The Bandwagon – Gov Ganduje Of Kano

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Governor Abdullahi Ganduje of Kano State has said that he is aware of several probes of past governors by his colleagues in other states, but that he would not jump into the bandwagon of probing his predecessors.

Ganduje, who spoke to news men at an interactive session in Sokoto today, Saturday, said: “though there are so much issues of probe across most of the states and the country, but in Kano State, I will not probe the past administration.
“We are only committed to ensuring that all government’s uncompleted projects and programmes left by the past administration are put into use for the benefits of our state.
“Moreover, we will ensure completion of all projects that are due and genuine as well as initiate more in such direction for the overall development of the society.”
The governor said that their retreat in Sokoto was aimed at discussing issues relating to the party as an institution in order to design a change in the party administration.
“This is to change the usual tradition of party administration in Nigeria, as once election has held, usually, political parties go into hiding and become inactive.
“So, we are all here in Sokoto in order to deliberate on how we can strengthen our party in Kano State and address the demands of the masses.”
Governor Ganduje said that the political party leader will as well be educated in order to maintain the internal democracy in the system. [myad]

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