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AUDIO:” Post Fashola,Lagos is on a downward slide,the current Gov needs to step up his act”……Jimi Disu on FPN @Classic fm97.3

Front Page News Analysis This Morning 13th October, 2015 With Jimi Disu by Entertainment on Mixcloud

Saraki: The public’s turn By Olatunji Dare

sarakiNot many of the columns posted in this space have drawn as many reactions as the most recent one (“Beyond the list,” October 6, 2015).

The part that seems to have resonated the most was the concluding paragraph, here reproduced for ease of reference:

“I am hoping that when the (confirmation) hearings get under way, at least one nominee will look Saraki in the face and say, ‘Senator, with all due respect to your office, you lack the moral integrity to sit in judgment as to whether I should serve on the President Buhari’s cabinet or not.  I cannot and will not submit to your authority in this matter.  I thank the President for the nomination, but must for the reason I have stated respectfully withdraw my name from consideration.’”

Parliament wants immunity By Olakunle Abimbola


Folks, your parliament wants immunity!

But what is the assurance that immunity won’t breed parliamentary impunity, the most violent antipode to the very concept of democracy?

Can you imagine a kabiyesi parliament — a parliament that cannot be questioned, even by its own electors?

What Alamieyeseigha’s death means By Okey Ndibe

Diepreye-AlamieyeseighaForget what the objective facts are, former Governor Diepreye Solomon Peter (DSP) Alamieyeseigha, who died last week at 62 years, is a candidate for official veneration.

The fact is that, in September 2005, law enforcement officers in the United Kingdom arrested DSP after finding more than a million pounds sterling in cash in a home he owned in London. Early in December, 2005, the then second-term governor, somehow slipped through the hands of British law enforcement. The story of how he eluded British police remains a mystery to this day. The absence of solid facts gave birth to a legend: That the former governor had disguised himself as a woman – and was able to walk past British detectives detailed to keep watch over him. Till his death, DSP Alamieyeseigha dismissed the narrative of his disguise, but offered no account of his mystifying escape.

DSP Alamieyesiegha: A made-in-Nigeria tragedy, By ‘Tope Oriola

Diepreye-AlamieyeseighaThe death of DSP Alamieyesiegha has certainly stunned Nigerians. I have been reflecting on the broad implications of the life and death of Alams, as he was popularly known. The transience and futility of life stare everyone in the face at moments like this. Nonetheless, there are other salient issues that Alams’ death throws up beyond metaphysical concerns.

Alamieyesiegha was a beloved political leader among the Izons despite all the corruption allegations — proven and unproven — against him. I interviewed a peace activist in the Niger Delta during my research exercise in 2009. The comment by the activist who was working to prevent kidnapping reflected a widespread opinion about Alams in the Delta region: “Alams was tricked into this so called arresting (sic) because he was a threat for them in the election that was to return Obasanjo for the third term or to make the plan for them to remain in power for ever. They felt Alam’s freedom as an Ijaw man who governs his people well will be a threat if they’re thinking about who comes to the presidency or VP position. Alams was set up just to make sure people like him will not have a voice in making decisions for this country ….They decided to silence him. So, he was set up. They designed a woman, put his face there and said he escaped as a woman. It was a computer job… The government purposely rubbished him. He wanted transparency and good governance and he was elected by the people. They said this is dangerous, this is the people’s choice and we must deal with him.”

The defeat of President Buhari’s idealism By Femi Aribisala

buhariTHINGS  have not been going according to plan for President Buhari.  For the last four months since his famous victory, the president has been engaged with a battle royal with the very people who put him in power.  In order to win the election, Buhari had to form an alliance with wily politicians of the old-school; men seasoned at getting their hands dirty and adept at manipulating the system to power-political advantage.

Buhari had tried to make it without these men in the past, but without success.  On his third attempt in 2011, he opted for Tunde Bakare as his running mate.  Bakare was not a politician but a man of known integrity: a radical Christian pastor to boot.  Nevertheless, Buhari still lost by 10 million votes to the lesser-known Goodluck Jonathan.


ambode pix
The Discourse this week is the first in the series on SAVING LAGOS,which is to look at the critical issues lagos is facing and finding solutions to them.The special guest this episode is YOU,THE LISTENER!All channels,twitter,sms,telephones and facebook will be open to you to express your views during the LIVE program.The discussion will be coordinated by Jimi Disu and 2 other very senior journalists.
Dont sit on the fence,lend your voice to making Lagos better

DSP Alamieyesiegha: A Made-In-Nigeria tragedy By ‘Tope Oriola

AlamsThe death of DSP Alamieyesiegha has certainly stunned Nigerians. I have been reflecting on the broad implications of the life and death of Alams, as he was popularly known. The transience and futility of life stare everyone in the face at moments like this. Nonetheless, there are other salient issues that Alams’ death throws up beyond metaphysical concerns.

Presidency makes U-turn on Petroleum Minister ….. VANGUARD


There is an indication that the  Presidency has reversed itself on the petroleum ministerial position.
The portfolio will now have no minister, while a ministerial nominee in the person of Emmanuel Kachikwu, current Managing Director of Nigerian National Petroleum Corporation, NNPC, would be Minister of State for Petroleum Resources.

This indication was given by the presidential spokesman, Mr. Femi Adesina, barely two weeks after he had told international media that President Muhammadu Buhari would take the position.

UK to support Nigeria’s developmental programme​s​ with N65bn …… PREMIUM TIMES

The ​British government has pledged to support Nigeria’s effort towards ensuring stability and development with a commitment worth N65 billion.

The country’s minister for Africa, Grant Shapps, said on arrival in Abuja on his maiden visit to Nigeria that the two countries would work together to increase the nation’s prosperity in the areas of trade and security.

Saraki replies Tinubu: I won’t join issues with you …… SUN

sarakiSenate President, Dr. Bukola Saraki, reiterated yesterday that he would not join issues with National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu.
Saraki said while there’s been no meeting between the duo, he recognises Tinubu as one of the leaders, who contributed to the party’s victory in the general polls, adding that his efforts are now geared to ensuring APC’s success.

“I saw the statement said to be issued by Senator Tinubu over a story published by The Sun newspapers. I have decided not to join issues with Asiwaju Tinubu. However, I know  that most Nigerians are aware that there has been no meeting or communication between me and Tinubu since I was elected Senate president. Therefore, I do not see any basis for a newspaper to report that we are both plotting to oppose the President, Muhammadu Buhari.

“I recognise Tinubu as one of the leaders of the APC who contributed so much to the victory of the party in the last election. Some other people also contributed and I believe the collective efforts made it possible for the first time in the history of our party for an opposition party to win the general elections,
“Let me state clearly that I remain a committed member of the APC and will do all in my power to ensure the party fulfil its promises to bring positive changes into the country.”

Ekiti airport project: Oil palm farmer dies of shock ……. NATION

airport•Govt stops work on site 

Even before its take-off, the proposed Ekiti airport project has allegedly claimed its first casualty.

An oil palm plantation farmer, Tijani Hakeem, reportedly died from shock after his farm was destroyed by bulldozers.

OPEC forecasts oil price falls till 2017 …… VANGUARD

opecHope of seeing a rebound of oil price from its current low level may not materialise soon, as the Organisation of the Petroleum Exporting Countries, OPEC, has predicted that the price will not rise until 2017.

The Secretary-General of OPEC, Mr. Abdalla El-Badri, said at the Annual Oil & Money Conference in London, that the decline in global crude oil prices may not abate until 2017, as the market is expected to rebalance within two years.

No reduction in fuel pump price, says NNPC ……. NATION


The Nigerian National Petroleum Corporation (NNPC) has debunked reports of reduction in pump price of petrol from N87 per litre to N57.

Describing the report as false, the oil firm advised the public to ignore it, insisting that petrol price remains N87 per litre.

Meanwhile, a major step towards ensuring zero fuel queues throughout the country ahead forthcoming Yuletide and beyond kicked off yesterday with a meeting between the Group Managing Director of the NNPC, Dr. Ibe Kachikwu and members of the Major Oil Marketers Association of Nigeria (MOMAN) alongside Depot and Petroleum Products Association (DAPPMA) at NNPC Towers, Abuja.

Its Group General Manager, Group Public Affairs Division, Mr. Ohi Alegbe, in a statement, explained that at the end of the meeting, NNPC and key downstream operators reached a consensus to work together to eliminate all obstacles that could hamper  free flow of petroleum products across the country.

CBN’s restrictive forex policy stays, says Emefiele ….. NATION


The Central Bank of Nigeria (CBN) will continue to deny importers access to foreign exchange (forex) to bring in goods which can be produced locally, its Governor, Mr Godwin Emefiele, has said.

Emefiele, who made this known in Lima, Peru, said  the policy was not up for review.

FG, TE Connectivity to boost power supply …… VANGUARD

The Federal Government has entered into a partnership with an original equipment manufacturer, OEM, TE Connectivity, to cut down on technical losses in the electricity sector and boost Nigeria’s quest for the attainment of 20,000 megawatts by 2020.

The agreement which was entered into by the National Power Training Institute of Nigeria, NAPTIN, will see experts from TE Connectivity train NAPTIN’s facilitators and technical workers of electricity distribution companies, DISCOs, by providing technical training on the connectivity required to enhance power systems.

Lekki Free Trade Zone MD killed …… NATION


•Policeman, two villagers too

Lekki Free Trade Zone (LFTZ) Managing Director Tajudeen Disu and three others were killed yesterday in a clash in Okuraiye Community near Ibeju Lekki, Lagos.

Disu was reportedly killed by irate villagers, who were protesting against what they called “forceful takeover” of their land.

Senate begins screening of ministerial nominees, suspends Amaechi’s probe ……. VANGUARD

161212F1.National-Assembly-AS the Senate commences screening of ministerial nominees today, it suspended the probe of former governor of Rivers State and a ministerial nominee, Rotimi Amaechi, saying it would amount to subjudice as the case was in court.

Speaking yesterday when Amaechi and the former Special Assistant to the President on Millennium Development Goals, MDGs, Amina Mohammed, arrived the Senate, Chairman Committee on Ethics, Privileges and Public Petitions, Senator Samuel Anyanwu (PDP, Imo East) said it was not feasible for the committee to still look at the petition or probe Amaechi.

Senate suspends probe of Amaechi, Mohammed … TheNation

rotimi_amaechiSENATORS yesterday called off the consideration of the petitions against the nomination of former Rivers State Governor Chibuike Rotimi Amaechi and Mrs Amina Ibrahim Mohammed as ministers.

The Port Harcourt-based The Integrity Group petitioned the Senate alleging financial impropriety against Amaechi and requesting that he should not be confirmed as minister.

The petition, sent to the Senate through Senator George Thompson Sekibo and two other senators, claimed that Amaechi mismanaged N70 billion Rivers’ State funds. The former governor debunked the claim as a lie.

The Senate Committee, after a brief meeting with Amaechi at the National Assembly, said the subject matter of the petition, which is related to the white paper on a report of a Judicial Panel of Inquiry is already a subject of court case.

Amaechi who appeared before the committee with former Commissioner for Information Mrs. Ibim Semenitari, and two members of the House of Representatives, told the panelists that the matter upon which the committee invited him was pending before a court.

Revealed: The de-licensed stockbrokers …… VANGUARD

AT the close of business on Wednesday September 30th, 3015, some stockbrokers and other capital market operators lost their licence to operate in the market.

This was due to their inability to comply with the new minimum capital market requirement stipulated by the Securities and Exchange Commission (SEC).

But who are these unlucky stockbrokers? Only the top management of SEC can answer this question. On Tuesday September 29th, the Commission published the list of capital market operators who had complied. And on Thursday October 1st, advised investors to check the list to ascertain whether their preferred capital market operator is among those that met the requirements.

By so doing, the Commission is transferring the responsibility of discovering non-compliant operators to individual investors. This, however, is tantamount to regulatory irresponsibility.

As the apex regulator in the capital market, it is the responsibility of SEC to inform the public about companies operating legally and illegally. In recent times, the Commission has stepped up efforts to inform the public about companies operating without licence. In addition, the Commission also informs the public whenever it suspends any company and its directors. It also informs the public whenever such suspension is lifted.

Thus, the expectation is that, SEC would not just publish the list of capital market operators that met the minimum capital requirement; it would also publish the list of those who did not make it.

When the Commission advised investors to visit its website to confirm whether their stockbroker is among the compliant ones, it was indeed admitting the fact that these non-compliant operators may want to continue in business illegally. But by not publishing their names, the Commission is erroneously aiding such illegality. By not publishing their names, SEC is erroneously protecting and hiding their identity, as de-licensed and illegal operators. While this may not be the intention of not publishing the names of non-compliant operators, the fact, however, is by not doing so; SEC is giving them regulatory cover, to operate illegally.

This error is, however, based on another error- the belief or assumption that investors in the capital market have internet connectivity or are internet savvy to know and visit the website of SEC.

Capital market investors

This is an overestimation of the capital market investors in Nigeria. The reality is that many investors are not informed to know about the existence of SEC, not talk of its website. Also, even out of the investors that are aware of the existence of SEC, many of them do not have internet access, and many are also not internet savvy. Another reality is that many retail investors are not even aware of the recapitalisation exercise.

Unfortunately, SEC believes that once it has published anything on its website, it would be accessed by everybody. If the Commission wants to live up to its responsibility of informing the public about the status of operators in the market, it should publish the list of non-compliant operators, not just on its website, but also in the mass media. In fact, it should embark on massive publicity campaign to call the attention of the public to the status of all the companies operating in the market.   (Please send comments, complaints and suggestions to