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INEC makes new appointment



The Independent National Electoral Commission, INEC, has appointed the Administrative Secretary, Delta State, Mrs. Rose Orianran-Anthony, as Secretary to the Commission

Her appointment will run for a four-year term, with effect from 6th December, 2018.

INEC revealed this in a letter on its verified Twitter handle, @inecnigeria.

The tweet read: “The Commission has appointed the Administrative Secretary, Delta State, Mrs. Rose Orianran-Anthony as Secretary to the Commission for a Four-year term with effect from 6th December 2018.”

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FBNQuest Complies With GIPS to Boost Investor Confidence



A subsidiary of FBNQuest Merchant Bank and part of the FBN Holdings Plc group, FBNQuest Asset Management, has announced its compliance with the Global Investment Performance Standards (GIPS®).

By voluntarily adopting compliance with GIPS, FBNQuest Asset Management joins a select list of investment firms and asset owners globally, who uphold this set of standards. It reinforces its position as a thought leader as well as its commitment to promoting transparency and credibility in the investment management industry.

The adoption of GIPS standards in FBNQuest Asset Management reaffirms its commitment to transparency and full disclosure. In the BusinessDay Research and Intelligence Unit (BRIU) report published in 2017, FBNQuest Asset Management ranked first for transparency among its peers in Nigeria.

Introduced in 1999, the GIPS standards are a rigorous set of investment performance measurement principles, which have been adopted in over 40 countries and recognized around the world for imbuing trust, integrity and uniformity to performance reporting and enabling comparability of a firm’s track record.

Commenting on the recent achievement, Managing Director of FBNQuest Asset Management, Mr Ike Onyia, said, “Our firm’s compliance with GIPS means that our performance reporting framework is now comparable to best practice in mature markets.

“The standardisation of our process and the growth in adoption of these standards by the industry will benefit asset owners, as it will become easier to evaluate and compare the performance of different service providers.”

He said further that, “FBNQuest Asset Management is at the forefront of entrenching transparency, full and fair disclosure as well as best practice standards in our nascent industry.

“The promotion of these standards is important to the credibility of the investment management industry and our voluntary initiative demonstrates our commitment to adding value to our clients.”

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Ex Bayelsa state head of service testifies in $8.1m, N9.2bn forfieture suit against patience Jonathan.



The trial in a suit filed by the economic and financial crime commission EFCC seeking the final forfieture of $8.1m and N9.2billion linked to Ex first Lady Dame patience Jonathan took another dimension today when former head of service in Bayelsa state Mr Fraser Ogboru testified before justice Mojisola Olatoregun of Federal high court Lagos. 

In his testimony, Ogboru who claimed to have retired from Bayelsa State Civil Service on 31st December, 2014, told the court that he got to  Mrs. Jonathan when her husband was a Deputy Governor.

He claimed further  that  he was still in service when Mrs. Jonathan was appointed a permanent secretary.

While being cross-examined by EFCC’s lawyer, Mr Rotimi Oyedepo, the witness said he did not know when the former first lady stopped collecting salary as a permanent secretary.

former Senior Special Assistant to ex-President Gooluck Jonathan on Domestic Affairs, Dr. Waripamo-Owei Dudafa, also testified on Monday and stated while been cross exermined by EFCC counsel Mr Rotimi that he did not know the content of six bags delivered to him by the ADC to former president Jonathan.

Dudafa also denied  being used by the former First Lady, Dame Patience Jonathan, to launder money. 

He made the disclosure while testifying  in a suit filed by the Economic and Financial Crimes Commission (EFCC) at a Federal High Court in Lagos seeking final forfeiture of the sums of $8.4 million and N9.2 billion  linked to Mrs. Jonathan. 

He told Justice Mojisola Olatoregun that all the funds in an account linked to a firm, Globus Integrated Services Ltd, were cash gifts given to the former First Lady during her husband’s  tenure as Nigeria’s president.

“I was not procured by the family of Dame Patience Jonathan to conceal proceeds of unlawful activities and by virtue of being the former Special Assistant on Domestic Affairs to the erstwhile president and the 1st respondent (Mrs. Jonathan), I was informed by the 1st respondent that the funds in the firm’s account are cash gifts that were given to her while she was the first lady”, Dudafa said.

The witness also denied that he was aware that a bag he received on behalf of Dr. Jonathan from one, Col. Adeigbe, in the course of his duties contained $47 million which was allegedly removed from the Central Bank of Nigeria (CBN) under the instruction of a former National Security Adviser (NSA), Col. Sambo Dasuki.

The South West Zonal Coordinator of an NGO, Women for Change Initiative, Chief Mrs. Kate Onyechere had earlier testified in the matter.

While being cross-examined by EFCC’s lawyer, Rotimi Oyedepo, Chief Mrs. Kate Onyechere explained the rationale behind the founding of the Women for Change Initiative by Mrs. Jonathan.

She also revealed the various sources through which the Initiative get fund to carry out its activities.

“The Initiative was formed by Mrs. Jonathan as a normal Non-governmental organization. The main thing  objective is empowerment. We empower Nigerian women across 36 states. We have zonal, states and local government coordinators.

“We organized luncheon and receive donations across states to get funds. We also write private individuals to donate. Even, the coordinators also make donations”, she said.

The witness further revealed that Mrs. Jonathan was unanimously adopted by the trustees and coordinators of the Initiative as the sole signatory to its accounts.

 During the cross-examination by Oyedepo, the witness named four individuals as Trustees of Women for Change Initiative.

They are; Dr. Chidinma, Mrs. Josephine, Mrs. Jonathan and Mrs. Yemisi Oyewole.

Justice Olatoregun adjourned further hearing in the matter to 24th May, 2019 by 11am.

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Police rescue toddler kidnapped from MFM



The police in Lagos have rescued a two-year-old child abducted from the Mountain of Fire and Miracle Church (MFM) regional headquarters in Agege in March.

Baby Esther Ojo was recovered in an operation led by the Igando Divisional Police Officer (DPO) Taiwo Kasumu, a Chief Superintendent (CSP).

The police also arrested the kidnappers, Nwaigbo Magnus and Sixtus Osunwoke Egwim, who were waiting to collect ransom at the location they asked the baby’s parents to bring the money.

It was gathered that the police have been on their trail since they established contact with the kid’s parents Mr and Mrs Oladipo Ojo to demand ransom.

Missing 2years old Esther Ojo found in Igando. She was kidnapped from MFM church in Pen Cinema.

It was gathered that the suspects gave the parents six different locations to ensure they did not set a trap for them, were eventually apprehended around 12:30pm on Monday.

It was gathered that they led the police team to their hideout where the baby was recovered unhurt and handed over to her parents.

The baby’s father, who could not hold back tears, said his daughter safe rescue had restored his faith in the police.

Confirming the incident, police spokesman Bala Elkana, a Deputy Superintendent (DSP) said the operation to arrest the culprits lasted over four hours.

He said: “The Commissioner of Police has commended the DPO Igando and his team for reining in on the gang. This operation to arrest the suspects today lasted over four hours.

“The police acted on credible intelligence and led plain cloth surveillance men on the trail of the suspected kidnappers.

“The kidnappers already demanded  ransom of undisclosed amount from the parents of the baby and the church. They continued to change the venue for the collection of ransom within Igando axis for over four hours until they were rounded up by the police.

“This is in furtherance of the commitment of the Lagos State Police Command to ensure a crime free Lagos that will be safe for all,” he said.

The Nation

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