Saturday 9 February 2019

HOW GOV. ABUBAKAR DIVERTED N400 BILLION USING GHOST WORKERS - RT. HON. DOGARA

Speaker of the House of Representatives, Hon Yakubu Dogara, has uncovered massive fraud and theft perpetrated by Bauchi State government under Governor Mohammed Abdullahi Abubakar to the tune of N400 billion from May 2015 when he assumed office to date.

Newsmen gathered that while speaking at a campaign rally in Dass, headquarters of Dass local government area on Friday, Hon Dogara presented documented evidence to a mammoth crowd of his constituents showing how thousands of non-existent people were said to have been employed in 2015 shortly after the governor came into office.

The Speaker challenged Governor Abubakar to take him to court and promised that he will defend the allegations and added that as a lawyer he knows the law and would not level false allegations against anyone if he does not have evidence.

A perusal of one of the documents indicates that not fewer than 1,200 people were said to have been employed and added into the state's payroll beginning from July 2015.

However, one of the ghost employees by name, Bappale Adamu, was said to have been born in 1899, which is 120 years ago and started work with the Bauchi state government on July 24, 2015 and will retire from the service in 2023.

Another startling revelation showed that all the 1,200 workers, though have different names and dates of birth, have the same Bank Verification Number (BVN), meaning that their entire salary was being paid into one and same bank account under different names.

The salaries vary from N39,000 to N86,000 and above.

The speaker also wondered how Bauchi State monthly salary skyrocketed from N2.6 billion per month in May 2015 to N7 billion without recruitment of additional workers, especially as the governor had early in his administration, fired thousands of political appointees engaged by former governor Isa Yuguda, which should have reduced the state's wage bill drastically.

He also accused the governor of diverting billions of local government funds in the last 3 1/2 years.

The Speaker also recalled how the governor chased away contractors renovating Dass Central Mosque but failed to renovate it after repeated promises and revealed how he personally paid for the renovation of the mosque.

It would be recalled that the Bauchi state Government had owed workers more than one year salaries following series of verifications allegedly to remove ghost workers from the state’s payroll by the present administration at its inception in 2015, but sadly, shortly after that, the monthly salary bill increased from N2.6 billion to about N7 billion.

In August 2016, political leaders and stakeholders from the state led by the Speaker sought President Mohammadu Buhari’s intervention on the non-payment of salaries which didn’t yield any result and has been the major source of disagreement between the Speaker, political leaders, stakeholders and the Bauchi state Governor.

RIVERS APC SAGA: PDP HAILS SUPREME COURT’S RULING ON RIVERS APC

The @OfficialPDPNig hails the judgment of the Supreme Court, upholding the law in nullifying the legally defective primaries of the @OfficialAPCNg in Rivers state, as victory for democracy and the rule of law. 

The party commends the apex court for its courage in delivering the landmark judgment, which has saved the nation from a serious constitutional crisis that could have marred the 2019 general elections and detract from our overall electoral system.

The judgment of the Supreme Court serves as a huge lesson to politicians and political parties, to eschew impunity and always conduct their affairs in a manner that is in tandem with the provision of the law.

The courage displayed by the Supreme Court in delivering the judgment at this critical time in our national life has also restored the confidence of Nigerians in the institution of the Judiciary and our democratic order.


Friday 8 February 2019

JUST IN: COURT ORDERS ARREST OF CCB CHAIRMAN OVER El RUFAI'S ASSETS DECLARATION

A Kaduna state high court on Friday, February 8, issued a warrant of arrest against the chairman of Code of Conduct Bureau, CCB, for contempt.
The warrant of arrest was issued by Justice Mario Mohammed after the chairman had ignored several summons by the court in a suit between Kaduna state governor, Nasir El-Rufa’i and Today’s publishing Company Limited, and one other.

A warrant form obtained directed that police personnel and authorities should arrest the CCB chairman and produce him before the court on February 13.
Earlier, Today Publishing company, the publisher of The Union Newspapers had filed application requesting the court to subpoena CCB chairman to produce assets declaration of El-Rufai in court after several failed efforts it made to obtain it from the CCB.
Justice Mohammed granted the approval based on the application filed by Counsel to The Union Newspapers, Mr J.N. Egwuonwu (SAN), during the continuation of defence at previous sitting.

Egwuonwu represented by Hiifan Andrew Abuul had written application to the court to Subpoena CCB to tender the asset declaration of the Governor before the court.
News Agency of Nigeria(NAN), reports that the governor had gone to the court over a report carried by the newspaper in which it allegedly stated that he had declared N90 billion in his CCB assets declaration form.

HON JUSTICE TANKO MUHAMMAD TO CHAIR MAIDEN WORKSHOP FOR SUPREME COURT JUSTICES

The Acting Chief Justice of Nigeria (CJN), Justice Ibrahim Tanko Muhammad will on Monday and Tuesday chair the maiden workshop for Justices of the Supreme Court and judges of other courts on issues relating to “secured transactions in movable assets.”

The workshop, being the first of its kind, is being jointly organised by the National Judicial Council (NJI), the National Collateral Registry (NCR) and the Juris Law Office (JLO).

The head of JLO, Professor Niyi Ayoola-Daniels, explained that the workshop is intended to bring the Justices and judges up to date on the salient provisions of the Secured Transactions in Movable Assets Act, 2017 (The Act) and Part III of the Central Bank of Nigeria Regulation on Registration of Security Interests in Movable Property by Banks and Other Financial Institution Regulation No. 1 of 2015 (The Regulation).

Ayoola -Daneil said the workshop is part of efforts by the government to ensure that the nation’s Judiciary is abreast of the provisions of the law to allow for its effective application.

He said the Act alone and the Regulation will not guarantee “best practices” and ”Rule of Law” in secured transactions in movable assets in Nigeria without effective application by a well knowledgeable and sound Judiciary on the subject matter”.

He said the workshop, with the theme: “Leveraging on movable asset for credit delivery In Nigeria: Legal and regulatory framework,” is slated for Abuja between February 11 and 12, 2019.

Ayoola-Daniels said the workshop aims “to acquaint Justices and judges with appropriate legal and regulatory framework of the secured transactions in Movable Assets Act and its contribution to the national economy.

He said the Acting CJN will also deliver the keynote address, while the Governor, Central Bank of Nigeria (CBN) Godwin Emefiele is scheduled to give the opening remarks.

Ayoola-Daniels added: “Also expected to participate at the workshop are Supreme Court Justices, Court of Appeal Justices, Chief Judge and Judges of the Federal High Court as well as Judges of the High Courts from many states across the country.

“The Honourable Attorney General of the Federation and Minister of Justice, key government officials, captains of industry, and officials of the World Bank/ International Finance Corporation (IFC).

“The Central Bank of Nigeria, in collaboration with the International Finance Corporation (IFC), established the National Collateral Registry (NCR) in 2016 in line with the Bank’s mandate on sustainable economic inclusive growth and financial inclusion. The NCR is a financial infrastructure that seeks to deepen credit delivery to Micro Small and Medium Enterprises (MSMEs) through enhanced acceptability of movable assets such as equipment, machinery, vehicles, crops, livestock, account receivables, inventories, and jewelleries,” he said.

UNITED BANK FOR AFRICA PLC (UBA) JOB RECRUITMENT (MULTIPLE POSITIONS)

United Bank for Africa Plc (UBA) is one of Africa’s leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York.

From a single country organisation founded in 1949 in Nigeria, UBA has grown to become a Pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally.

United Bank for Africa Plc (UBA) is recruiting for the below positions:

1. Regional Legal Officer (Multiple Openings)

Locations: Abuja, Yenagoa, Kaduna South, and Lagos

Application Closing Date: February 9, 2019

Click Here to View Details


2. Regional Recovery Officer (Multiple Openings)

Locations: Abuja, Benin-Edo, Lagos, Port Harcourt-Rivers

Application Closing Date: February 13, 2019

Click Here to View Details

EFCC NEWSFLASH: CORRUPT ELEMENTS NOW STASH LOOT IN AFRICAN COUNTRIES – MAGU

      Ibrahim Magu

The tone of Nigeria’s anti-corruption war changed dramatically yesterday when the chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, disclosed that corrupt and influential Nigerians had turned their attention from Europe and America but now stash their loot in African countries considered as safe havens.

Ibrahim Magu made the stunning revelation at the signing of a Memorandum of Understanding between Nigeria’s EFCC and Nigerien High Authority against Corruption and Related Crimes, HALCIA, in Niamey, the country’s capital.

Magu said that unlike in the past when Nigeria’s looters of public treasury took their loot to safe havens in Europe, America and some islands, such elements had now found some African countries more attractive to hide their illicit cash and property.

Magu said: “From available intelligence and our investigations, it has been revealed that looters from Nigeria now go to Ghana, Egypt, Cameroun, South Africa, Equatorial Guinea, Niger Republic, Morocco, and Seychelles and so on, to stash their loots. This has led to a sharp increase in the number of Nigerians buying properties in African countries.

“In fact, some corrupt Nigerians even go to the extent of changing their names and acquiring the destination countries’ international passports in collusion with corrupt public officers in their countries of residence in order to hide their identities and evade detection.

But he vowed to turn the heat on the looters until the war against corruption was won by the government and the culprits sent to jail to serve as a deterrent to others.

The MoU, according to the EFCC in Abuja on Friday, is geared towards strengthening collaborative efforts between the Nigerian front row anti-corruption agency and its Niger Republic counterpart.

The signing of the document was the climax of a two-day working visit by the Chairman of the EFCC, Ibrahim Magu to the West African country.

But Magu begged the Nigerien authorities to help Nigeria confront the growing illicit cash movement along the borders of the two countries by identifying the owners of huge cash owned by some Nigerians in that country’s financial system and sharing the information with the EFCC to enable the agency to determine whether it is part of the proceeds of crime or not.

He also pleaded with them to assist Nigeria by identifying the numerous property owned by Nigerians including the details of the owners in order to enable the commission to ascertain if such Nigerians acquired them with looted funds or proceeds of crime

Other request by the EFCC boss to the Nigerien government included: Stopping moves by persons who plan to move funds during the elections hrough the usual medium to destabilise the political stage in Nigeria, increased clampdown on Nigerians who are involved in cyber crime and handing over their details to Nigeria and assisting the EFCC in the arrest of persons on its ‘Wanted Persons List’ who might have absconded through Niger Republic.

 President of HALCIA, Gousmane, said there was no better time than now for EFCC and the agency to sign the MoU for stronger collaboration between Nigeria and The Niger Republic in the fight against corruption.

He said: “We are ready and willing to partner with Nigeria. Nigeria has the experience and the human capacity and with President Muhammadu Buhari who is a renowned anti-corruption icon, we have no choice but to leverage on Nigeria for capacity building in taming the corruption monster,” Gousmane said.

One of the side attractions of the visit was Gousmane’s presentation of a horse as a special gift to Magu.

APPLY FOR BOURBON INTEROIL NIGERIA LIMITED JOB RECRUITMENT (6 POSITIONS)

Bourbon Interoil Nigeria Limited is a leading international player in marine services, Bourbon offers to the most demanding oil & gas clients worldwide a full line of innovative, safe, high performance and new generation vessels and an expanded offer of offshore oil & gas services.

We are recruiting to fill the following positions below: 

1.) Welder Supervisor

Location: Rivers

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2.) Base Engineer

Location: Rivers

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3.) Deputy Technical Superintendent

Location: Rivers.

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4.) Deputy Technical Manager

Location: Rivers

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5.) Nigerian Content Manager & Executive Assistant to MD

Location: Lagos.

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6.) Operations Manager

Location: Rivers.

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Application Closing Date
21st February, 2019.

RIVERS APC SAGA: SUPREME COURT AFFIRMS JUDGEMENT OF LOWER COURT

The Supreme Court has affirmed the judgement of Justice Chiwendu Nworgu on the congress conducted by the All Progressives Congress, APC in Rivers state.

The Supreme Court also addressed the issue of representation and held that Chinweikpe Chieme of the Senator Magnus Abe group of the APC is the legal representative of the APC in the state.

The apex court, therefore, upheld the appeal of Ibrahim Umar and twenty-two other aggrieved members of the APC that they were restrained from participating in the ward, local government and state congresses of the party.

With this, the imbroglio in the Rivers state chapter of the APC continues.

Details later…

I WON’T SHARE MY RETURNING OFFICER ROLE WITH ANYONE - INEC CHAIRMAN

Prof Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), has vowed not to share his role as returning officer of the presidential elections with anyone.

Prof Yakubu said this on Thursday during an interactive meeting with Catholic Bishops in Abuja.

He was speaking in reaction to comments still trailing the appointment of Amina Zakari who is reportedly related to President Muhammadu Buhari as the head of the committee on collation centre.

Zakari’s appointment was misconstrued in some quarters to mean she would be involved in the collation process.

Prof Yakubu, however, said he remains the only returning officer who would announce results for the presidential election.

“The chairman of INEC is the chief returning officer for the presidential election and I am not going to share that responsibility with anyone,” he said.

He also urged Nigerians to always draw the attention of the commission to any infraction in the national voter register for rectification

Prof Yakubu said: “We have been doing so consistently. After the last one, we received only a few comments from the states, I think 48,000 out of 84 million registered voters.

“Part of the difficulty is that we are very careful if someone says that one person is dead, because of the experience the commission had in 2015.

“We received a letter from one particular political party that a candidate was dead and they submitted a death certificate obtained from a government hospital. They also went to court, swore to an affidavit and his family also attested to the fact that the candidate was dead. They filed all these documents at the commission. A week later, the supposedly dead candidate turned up and said he was alive.”

Thursday 7 February 2019

CARPENTER ELECTROCUTED WHILE WORKING IN SAPELE, DELTA STATE (GRAPHIC PHOTOS)

Report reaching our news desk have it that a middle aged man identified as a carpenter was electrocuted few hours ago while roofing a house opposite Omoghene Lynn, along Shell Road, Sapele, Delta State.

It was gathered that the incident occurred after the man missed his step and reflexively held unto the high tension cable to prevent himself from falling.


THE REAL REASONS SARAKI COULDN’T PROCEED WITH Onnoghen CASE AT SUPREME COURT


Onnoghen

The Nigerian Senate, made an about-face on Tuesday February 5, citing trust "in the ability of the National Judicial Council (NJC) to resolve the issues". However, SaharaReporters understands that this position was mere public posturing.

Senator Bukola Saraki, Senate President, withdrew the Senate’s suit at the Supreme Court challenging the suspension of Walter Onnoghen as the Chief Justice of Nigeria (CJN) because it was clear he was going nowhere with the move, SaharaReporters understands.

On January 28, three days after President Muhammadu Buhari suspended Onnoghen as CJN, the Senate cancelled its sitting for the day and instead filed a suit through Saraki before the Supreme Court praying for, among others, an order reinstating Onnoghen as CJN.

In the suit, marked SC.76/2019, the Senate asked the apex court to declare the suspension of Onnoghen without support of two-thirds majority of the Senate as a violation of section 292(1)(a)(i) of the Constitution.

It also asked the apex court to issue an order restraining the two defendants in the suit – the President and the Attorney-General of the Federation Abubakar Malami – from continuing or repeating the violation of the Constitution and disregarding the power of the Senate in respect to the suspension of the CJN.

The Senate made an about-face on Tuesday February 5, citing trust "in the ability of the National Judicial Council (NJC) to resolve the issues". However, SaharaReporters understands that this position was mere public posturing.

The NJC formally took up the Onnoghen case on January 29 at a meeting from which both the suspended CJN and his successor Tanko Muhammad recused themselves. At the end of the meeting, the NJC gave both Muhammad and Onnoghen seven days to respond to the various allegations against them — meaning that if the Senate truly trusted the NJC in full, that was the day to withdraw the suit instead of Tuesday.

But Saraki did not have the backing of the National Assembly to go to court. To file the suit, he would have needed a resolution of the Senate, which he didn’t get. And it became clear this loophole would be exploited when the Senate caucus of the All Progressives Congress (APC), comprising 56 senators, applied to the Supreme Court to join in the Senate’s suit.

“As you can see, we already protested and we were asked to be joined in the suit,” an APC senator who didn’t want to be named told SaharaReporters. “The Senate never made a resolution to file that suit; and even if there was an attempt at such resolution, it would have died a natural death as we, who have the majority, are firmly with the president on this.”

Also, public sentiment was beginning to count against Saraki after members of the public were reminded of how he sacked the Chief Judge of Kwara State, Justice Raliat Elelu-Habeeb, in 2009 during his tenure as Governor of the state.

However, the Supreme Court eventually reinstated Elelu-Habeeb, with Justice Mahmud Mohammed, who delivered the judgement of a seven-member panel of justices, holding that when all the relevant provisions of the constitution were read together, it would become obvious that a state Governor could not remove a Chief Judge from office without having recourse to the NJC.

“It is not difficult to see that for the effective exercise of the powers of removal of a chief judge of a state by the Governor and House of Assembly, the first port of call by the governor shall be the NJC,” Mahmud had stated back then.

“From these very clear provisions of the constitution which are very far from being ambiguous, the governors of the states and the houses of assembly of the states cannot exercise disciplinary control touching the removal of chief judges of states or other judicial officers in the states.”

Incidentally, Onnoghen was one of the six other justices, the rest being Christopher Chukwumah-Eneh, Muhammad Muntaka-Coomassie, Olufunmilola Adekeye, Mary Peter-Odili and Olukayode Ariwoola.

Interestingly, Saraki lost the case against Elelu-Habeeb at all levels. When he sacked her, she instituted a case against him at the Federal High Court, where she won. But Saraki appealed to the Court of Appeal in Ilorin. In July 2010, the Court of Appeal ruled in favour of Elelu-Habeeb, and Saraki again appealed at the Supreme Court. On February 2012, the Supreme Court, as expected, reinstated Elelu-Habeed.

Finally, Paul Erokoro (SAN), counsel to the Senate, has been one of the numerous SANs leading the lawyers’ revolt against Onnoghen’s trial at the Code of Conduct Tribunal (CCT). On the opening day of the matter at the CCT — way before the Senate dreamed of filing a suit against the Nigerian Government at the Supreme Court — Erokoro was one of at least 47 SANs who trooped to the tribunal in defence of Onnoghen.

Meanwhile, the decision of the NJC on Onnoghen and Muhammad is being expected soon, as the seven-working-day deadline for their responses to the allegations against them will elapse on Thursday.

Wednesday 6 February 2019

FIRST BANK OF NIGERIA LIMITED, LATEST JOB RECRUITMENT (8 POSITIONS)

First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier commercial bank and most valuable banking brand, with over 10 million active customer accounts and more than 750 business locations.

Founded in 1894 as The Bank for British West Africa, FBN Group’s FirstBank was the very first banking institution to be established on the African continent.

First Bank of Nigeria Limited is recruiting for the below positions:


1. Senior Analyst – Network Management (Core Maintenance & Rollout)

Location: Lagos

Application Closing Date: Not Specified

Click Here to View Details



2. Senior Analyst, Application Development (eBusiness)

Location: Lagos

Application Closing Date: Not Specified

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3. Team Lead, Application Development

Location: Lagos

Application Closing Date: Not Specified

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4. Team Lead, Database Administration

Location: Lagos

Application Closing Date: Not Specified

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5. Senior Analyst, Channels Infrastructure

Location: Lagos

Application Closing Date: Not Specified

Click Here to View Details



6. Team Lead, Datacenter

Location: Lagos

Application Closing Date: Not Specified

Click Here to View Details



7. Team Lead, Channels Infrastructure

Location: Lagos

Application Closing Date: Not Specified

Click Here to View Details



8. Analyst, IT Project Management

Location: Lagos

Application Closing Date: Not Specified

Click Here to View Details


https://firstbanknigeria.taleo.net/careersection/fbnex/joblist.ftl

Tuesday 5 February 2019

JOB RECRUITMENT: BRADFIELD CONSULTING LIMITED (11 POSITIONS)

Bradfield Consulting is a professional service firm created to provide human resource solutions for organizations of any size. Our goal is to help our esteemed clients eliminate issues bordering on having incompatible or inexpert employees.

We are recruiting to fill the following vacant positions below:

1.) Programs Officer

Location: Lagos

Salary: NGN193,000 monthly

Deadline: 18th February, 2019.

Click Here To View Details

2.) Dispatch Rider

Location: Lagos

Deadline: 11th February, 2019.

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3.) Electrical/Facility Manager

Location: Lagos

Deadline: 11th February, 2019.

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4.) Farm Hand

Location: Lagos

Deadline: 7th February, 2019.

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5.) Home Economics Educator

Location: Lagos

Deadline: Not Specified.

Click Here To View Details

6.) Female Diction Educator

Location: Lagos

Deadline: Not Specified.

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7.) Human Resources Consultant

Location: Lagos

Deadline: Not Specified.

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8.) Female Sales Executive

Location: Lagos

Deadline: Not Specified.

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9.) Sales Manager

Location: Lagos

Deadline: Not Specified.

Salary: N150,000 monthly

Click Here To View Details

10.) Practice Manager

Location: Lagos

Deadline: 5th February, 2019.

Click Here To View Details

11.) HR / Business Development Consultant

Location: Lagos

Deadline: Not Specified.

Click Here To View Details

Source- https://careers.smartrecruiters.com/BradfieldConsultingLimited

PROMASIDOR NIGERIA LIMITED JOB RECRUITMENT (8 POSITIONS)

Promasidor - We are an African company proud of our heritage and totally committed to the continent. We manufacture, market and sell unique brands which bring practicality and pleasure to millions of consumers across Africa.

We are recruiting to fill the following positions below:

1.) ICT Helpdesk Supervisor

Location: Unspecified

Deadline: 9th February, 2019.

Click Here To View Details

2.) Research and Development Technologist

Location: Unspecified

Deadline: 9th February, 2019.

Click Here To View Details

3.) Software Analyst/Programmer

Location: Unspecified

Deadline: 9th February, 2019.

Click Here To View Details

4.) Business Process Analyst

Location: Unspecified

Deadline: 9th February, 2019.

Click Here To View Details

5.) Regional Sales Manager

Location: Lagos

Deadline: 9th February, 2019.

Click Here To View Details

6.) Officer - Accounts Receivable

Location: Unspecified.

Deadline: 9th February, 2019.

Click Here To View Details

7.) Supervisor - Production (Onga Cube)

Location: Unspecified

Deadline: 9th February, 2019.

Click Here To View Details

8.) Category Manager

Location: Unspecified.

Deadline: 15th February, 2019.

Click Here To View Details

Source- http://careers.promasidor-ng.com/fmi/webd#Quiz%20WEB

JOHESU STRIKE 2019: JOHESU REPORTS BUHARI’S GOVERNMENT TO GOD, SPEAKS ON ULTIMATUM

The Joint Health Sector Union (JOHESU) has said that it has reported the President Muhammadu Buhari led Government to God.

The group stated this while issuing a 7-day ultimatum to the Federal Government to resolve lingering issues in the Health Sector.

According to the News Agency of Nigeria, NAN, the National Chairman of the union, Mr Josiah Biobelemoye, stated this on Monday during a warning rally organised by the union in collaboration with the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), in Abuja.

The Joint Health Sector Unions (JOHESU had given the federal Government Jan 31 altimatum to resolve all disputes, and meet the unions’ outstanding demands, or face industrial action.

The Chairman stated that the seven-day ultimatum, with effect from Jan. 4, was given due to the intervention of clerics and their love for the Nigerian populace.

He said, “We decided to seek God’s intervention by reporting our offenders to him. Last Friday we attended the Juma’at Prayers while on Sunday we attended Church Service.

“Fortunately and unfortunately, we met the Minister of Health in the church where we worship and the Overseer told him that he is in a better position to resolve this matter and allow the populace to receive better health.

“The cleric further pleaded with us to exercise some patience, hence we decided to give the seven days ultimatum after which we will report to the NLC that decided to take over the matter,” Biobelemoye noted.

Biobelemoye also listed the demands of the union as unjustified withholding of the salaries of its members for April and May last year, upward adjustment of CONHESS Salary Structure and headship of hospital departments.

“While we are in the ARD discussing, the Federal Ministry of Health decided to indiscriminately implement no-work-no-pay after the court has said no one should do anything to provoke the other.

“We refused to take action for over seven months that they violated the court’s order because we are mindful of the fact that every strike affects the common man negatively.

“We know that public health institutions are the cheapest for the Nigerian populace so we were reluctant of embark on strike for over seven months.

“We have used the means of dialogue to impress it on the federal ministry of health and its management that they are violating a court order but to no avail.

“We use this medium to tell Nigerians that have opportunity of interacting with those in authority specifically the minister of health to do the needful,” he said.

Sunday 3 February 2019

COCA-COLA ACQUIRES CHI LTD

The non alcoholic beverage market is set to witness a revolution as the leading beverage company, Coca-Cola, fully acquires Chi limited.

President Coca-Cola West Africa, Business Unit, Peter Njonjo, said that Coca-Cola had earlier in January 29th 2016 acquired 40 per cent of Chi Ltd but has now completed the acquisition by taking over the remaining 60 per cent of Chi company on January 30th 2019.

He revealed this while making the announcement at Eko Hotels, Lagos, at a press briefing attended by top officials of Coca-Cola and Chi companies and other stake holders.
While describing the acquisition as a testament to the company’s commitment to being a total beverage company to meet the changing tastes and needs of consumers, he said the acquisition was spurred by a shift in the taste and needs of consumers. He also said that a majority of the customers of Coca-Cola were of the lower income cadre, adding that Chi, on its part, was relevant to the Nigerian market, especially in terms of low prices.

“We will support the Chi management team in building on the company’s remarkable heritage and achievements while using the scale of the Coca-Cola system to replicate their success in more markets across Africa.” The visibly elated Njonjo noted that the acquisition was an investment of great interest because of how the brand has been built and made relevant in the Nigerian economy emphasising that it will be further grown into a global million dollar brand over the next 10 years, adding that towards that end, “Coca-Cola recently launched Hollandia yoghurt drink in South Africa.”

Responding to a question on if any products in the two companies may be collapsed, Njonjo said that none of the products in any of the companies will give way, rather “all the products will coexist. Already Chi sells high quality products so we shall continue with that quality and affordable pricing.” Continuing, he explained that the company Chi will still be left to operate with their staff. “We shall not interfere with the day-to-day running of the company but we shall maintain and grow it. Its products would be distributed internationally.”

“Our objective is to grow both the Chi and Hollandia units to a global multi-billion dollar brand.” Lending credence to what Njonjo said, Coca-Cola’s Public Affairs & Communications Director West Africa Business Unit, Clem Ugorji, reaffirmed that “This acquisition is a testament to how we will achieve our objectives and it is also a celebration of entrepreneurship.”

Speaking further, he said “We will not collapse the Chi brand or any of its products. Doing that will only make the company lose the attractiveness that it had before the acquisition. Rather, we will continue to grow both brands and employees in order to grow our customer base and strengthen our market share.”

Chi Limited was founded in Lagos in 1980. It produces juice under the Chivita brand, Caprisonne and value-added dairy under the Hollandia brand. In a September 2018 interview, Njonjo had said that the company’s drive to diversify its product range would give it some flexibility.