Wednesday 5 March 2014

Ilaje / Ajah area of Lekki - Epe Express Way Blocked By Angry Youths!

Following an accident that claimed the life of an elderly woman by a hit and run vehicle, at near Ajah bus - stop in the early hours of Wednesday, 5th of March, 2014, irate youths, identified as the Ikota - Ajah Youth blocked the busy Ilaje Bus-stop end of the Lekki- Epe express way, in the Lekki Peninsular axis of Lagos state, Nigeria, resulting in a gridlock.




 An eye witness told Roving Informant that the accident occurred very early in the morning, as the woman made to cross the express way. "I were at the Ajah end of the road heading to my shop at  Ilaje bus stop when all of a sudden a noticed that the private smaller car drove recklessly towards us, every pone scampered for safety and every one thought he was probably drunk; but something just told me that the driver has killed someone and was meaning to kill another going by the manner he was driving. It was when i got to the front of Bethel Int Church that i noticed people gathered around the body of a woman, then my suspicions was confirmed. The worse path is that the driver got away". 




Another eye witness who said he was among members of the Red Cross Association that tried to give first aid treatment to the victim before she passed on said: "When we rushed to the spot, we noticed that the deceased was injured mostly on her waist, i  tried to see if i could revive her, but then she started jerking and then drew her last breath, i tried to save her, God knows i tried my best but we can not question God. 




With tears running down his cheeks he continued: "People die here every day, what is keeping the government from building a foot bridge or at least a bump here at Ilaje bus stop". DPOAjiwe Police station Ajah- Lekki, Issah Lawal  who later arrived the scene to  ensure  peace and order peacefully persuaded the angry youth to see reasons and unblock the express way so that motorists could go about their normal businesses. 



DPOAjiwe Police station, Issah Lawal addressing the Youth
DPO Lawal told the youth he fully understand their grievance, and pleaded that they consider the stranded motorists and commuters who will be delayed or missed their various appointments and businesses due to the blockade. 



Concerned individuals gathered in groups in solidarity with the Youths as they discussed the increasing rate of accidents that occurs on daily basis between Ikota and Ajah  areas of Lekki Peninsula. 


Deceased husband being consoled by sympathisers.

According to them, the foot bridge under construction at the VGC end of the road will not solve the challenge as only few people will be using it, instead it should be constructed between Ilaje bus-stop and Ajah.



Saturday 1 March 2014

List Of Centenary Awardees!


The Nigerian government honoured 100 distinguished Nigerians with the Centenary Awards. Some recipients were awarded posthumously.

it was gathered the families of Gani Fawehinmi, Moshood Abiola and Fela Anikulapo have given indications they won’t accept the awards on behalf of their patriarchs.

Nobel Laureate, Wole Soyinka, also rejected the award.

However, the award ceremony held yesterday Friday, 28th of February at the Banquet Hall of the State House, Abuja, according to an official government statement.

The full list of the awardees, including those who have rejected the honour is reproduced below along with the categories:

A. CONTRIBUTORS TO THE MAKING OF NIGERIA
1. Her Royal Majesty, Queen Elizabeth II
2. Frederick John Dealtry Lugard
3. Dame Flora Louise Shaw, Lady Lugard

B. HEROES OF THE STRUGGLE FOR NIGERIA’S INDEPENDENCE/PIONEER POLITICAL LEADERS4. Herbert Samuel Heelas Macaulay
5. Rt. Hon. Dr. Benjamin Nnamdi Azikiwe, GCFR
6. Sir Abubakar Tafawa Balewa, KBE
7. Chief Jeremiah Obafemi Awolowo, GCFR
8. Sir Ahmadu Bello, KBE
9. Professor Eyo Ita
10. Jaja Anucha Wachuku
11. Pa Michael Imoudu
12. Chief Anthony Enahoro
13. Chief Joseph Sarwan Tarka
14. Mallam Aminu Kano
15. Margaret Udo Ekpo
16. Funmilayo Ransome-Kuti
17. Hajiya Gambo Sawaba

C. PIONEERS IN PROFESSIONAL CALLINGS/CAREERS18. Christopher Sapara Williams
19. Chief Frederick Rotimi Alade Williams, SAN
20. Chief Akintola Williams
21. Major-General Johnson Thomas Umunnakwe Aguiyi Ironsi
22. Vice Admiral Joseph Edet Akinwale Wey
23. Brigadier General George Tamunoiyowunam Kurubo
24. Louis Orok Edet
25. Major-General Abdullahi Mohammed
26. Professor Thomas Adeoye Lambo
27. Professor Kenneth Onwuka Dike
28. Capt. Chinyere Kalu
29. Brig. Gen. (Dr.) Oviemo Ovadje
30. Professor Grace Alele-Williams

D. PIONEERS IN COMMERCE AND INDUSTRY
31. Louis Odumegwu Ojukwu
32. Alhaji Alhassan Dantata
33. Chief Adeola Odutola

E. PROMOTERS OF DEMOCRATIC TRANSITION IN NIGERIA
34. Alhaji Shehu Usman Aliyu Shagari, GCFR
35. Chief Moshood Kashimawo Olawale Abiola
36. General Shehu Musa Yar’adua, GCON
37. General Abdulsalami Alhaji Abubakar, GCFR

F. HEROES IN GLOBAL SPORTS COMPETITIONS38. Madam Chioma Ajunwa
39. Nwankwo Kanu
40. Richard Ihetu (Dick Tiger)
41. Chief Michael Okpala (Power Mike), MON
42. Monday Ochuko Emoghawve

G. ACCOMPLISHED PIONEER PUBLIC SERVANTS
43. Chief Stanley Olabode Wey
44. Justice Egbert Udo Udoma
45. Chief Emeka Anyaoku
46. Sir Adetokunbo Adegboyega Ademola
47. Dr. Taslim Oluwale Elias
48. Dr. Rilwan Lukman
49. Alhaji Ibrahim Dasuki
50. Alhaji Aliyu Mai Bornu

H. ACCOMPLISHED CONTEMPORARY ENTREPRENEURS51. Alhaji Aliko Mohammed Dangote
52. Chief Mike Adenuga
53. Chief (Dr.) Innocent Chukwuma

I. DISTINGUISHED ACADEMICS
54. Professor Benjamin Oluwakayode Osuntokun
55. Professor Kelsey Harrison
56. Professor Chike Obi
57. Professor Dagogo Fubara
58. Professor Jacob Festus Ade Ajayi
59. Professor Claude Ake
60. Professor Aliu Babatunde Fafunwa
61. Professor Godwin Olu Patrick Obasi
62. Professor Umaru Shehu

J. INTERNATIONALLY ACCLAIMED ARTISTS, LITERARY ICONS AND JOURNALISTS
63. Michael Taiwo Akinkumi
64. Professor Wole Soyinka
65. Professor Chinua Achebe
66. Prof John Pepper Clark
67. Cyprian Odiatu Duaka Ekwensi
68. Alhaji Abubakar Imam
69. Daniel O. Fagunwa
70. Ernest Sesei Ikoli
71. Alhaji Ismail Babatunde Jose
72. Kenneth Nnebue
73. Patience Ozokwor
74. Alhaji (Dr) Mamman Shata Katsina
75. Hubert Adedeji Ogunde
76. Fela Anikulapo Kuti
77. Stephen Osita Osadebe
78. (Dr.) Ladi Dosei Kwali
79. Ben Enwonwu
80. Oludotun Jacobs

K. OUTSTANDING CONTEMPORARY PUBLIC SERVANTS
81. Alhaji Yusuf Maitama Sule
82. Professor Akinlawon Ladipo Mabogunje, NNOM
83. Dr. Barnabas Sanyaolu Oloruntoba, OFR
84. Honourable Justice Maryam Aloma Mukhtar, GCON

L. OUTSTANDING BRAVERY AND PUBLIC SPIRITEDNESS
85. Chief Gani Fawehinmi, SAN
86. Michael Chukwugekwu Ihuka

M. OUTSTANDING PROMOTERS OF UNITY, PATRIOTISM AND NATIONAL DEVELOPMENT
87. General Yakubu Gowon, GCFR
88. General Murtala Ramat Mohammed
89. General Olusegun Mathew Okikiola Aremu Obasanjo, GCFR
90. General Muhammadu Buhari, GCFR
91. General Ibrahim Badamasi Babangida, GCFR
92. Chief Ernest Shonekan, GCFR
93. General Sani Abacha, GCFR
94. Alhaji Umaru Musa Yar’adua, GCFR
95. General Theophilus Yakubu Danjuma, GCON, fss

N. EXEMPLARY SERVICE IN THE PROMOTION OF PEACE AND MORAL EXCELLENCE96. Sir Abubakar Sadiq III
97. Sheikh Abubakar Mahmud Gumi
98. Blessed Cyprian Michael Tansi
99. Pastor Enoch Adejare Adeboye
100. Sheikh Dahiru Usman Bauchi

Supposed dead Man Wakes Up in Body Bag as Funeral Home Is About to Embalm Him!


Early Thursday (27th February) morning, workers at a funeral home were shocked when they found a man alive—and literally kicking—inside one of their body bags. The man was set to be embalmed later that morning.
After finding Walter Williams alive, the workers at Porter and Sons Funeral Home in Lexington, Mississippi quickly called the Holmes County Sheriff.
"I asked the coroner what happened, and the only thing he could say is that it's a miracle," Sheriff Willie March told WAPT media.
But how'd this happen? At about 9 pm on Wednesday night, the county coroner declared Williams dead after he failed to find a pulse. Later that night, he was taken to the funeral home.
"I stood there and watched them put him in a body bag and zipped it up," Williams' nephew, Eddie Hester, told WAPT.
But about four hours later, Hester got a call. "That was at 10:30, and at 2:30, my cousin called me and said, 'Not yet,' and I said, 'What you mean not yet?' He said, 'Daddy still here,'" Hester said.
Workers at the funeral home found Williams after they heard him kicking from inside the zipped body bag. Williams was rushed to a nearby hospital, where he's in stable condition. For now, the coroner is blaming his mistake on Williams's pacemaker, which the coroner claims briefly stopped working—leading to the false death declaration—before later starting up again.
Williams is happy to be alive, according to his nephew.
"I don't know how long he's going to be here, but I know he's back right now. That's all that matters," Hester said.

Why I rejected the Centenary award - Soyinka!


Professor Wole Soyinka, the Nobel laureate, said he rejected Nigeria’s centenary award bestowed on him because of the inclusion on the honours list of the late Nigerian tyrant, General Sani Abacha and other known killers and looters of Nigeria’s treasury.
In a rejection note headlined ”The Canonisation of Terror”, Soyinka observed that the inclusion of Abacha on the list does not only show a failure of a moral rigour but it calls into question ”the entire ethical landscape into which this nation has been forced by insensate leadership”.
He reminded those who have forgotten so soon that General Sani Abacha was a vicious usurper under whose authority the lives of an elected president and his wife—M.K.O and Kudirat Abiola— were snuffed out.
It was under Abacha, he said, that assassinations became routine, that torture and other forms of barbarism were enthroned as the norm of governance.
Nine Nigerian citizens, including the writer and environmentalist Ken Saro-Wiwa, were hanged after a trial that was stomach churning even by the most primitive of standards of judicial trial, and in defiance of the intervention of world leadership. We are speaking here of a man who placed this nation under siege during an unrelenting reign of terror that is barely different from the current rampage of Boko Haram. It is this very psychopath that was recently canonised by the government of Goodluck Jonathan in commemoration of one hundred years of Nigerian trauma”
Soyinka said that the refusal of successive governments to remove the signposts in the nation’s capital bearing Abacha’s name, the inability ”to muster the temerity to wipe out the memory of the nation’s tormentor from daily encounter” demonstrates national self-degradation and a patent lack of political courage.
Soyinka argued that: ”What the government of Goodluck Jonathan has done is to scoop up a century’s accumulated degeneracy in one pre-eminent symbol, then place it on a podium for the nation to admire, emulate and even–worship.
“There is a deplorable message for coming generations in this governance aberration that the entire world has been summoned to witness and indeed to celebrate. The insertion of an embodiment of governance of terror into the company of committed democrats, professionals, humanists and human rights advocates in their own right, is a sordid effort to grant a certificate of health to a communicable disease that common sense demands should be isolated. It is a confidence trick that speaks volumes of the perpetrators of such a fraud”.

13-year-old Daniel may go deaf months after Edo stoaway boy hit headlines!



Two weeks after he was arrested and detained in August 2013, Ricky Daniel Oikhena, the teenager who hid in the wheel compartment of an Arik Air flight from Benin to Lagos, cried out that he was tired of staying in custody and demanded to go home.
The 13-year stowaway, obviously, preferred to be reunited with members of his family, than remain in company of his hosts, the State Security Service (SSS).
Speaking further, he stated that he did not know that he took a risk when he hid in an airplane’s wheel compartment.
I will not do it again; I regret it,” he said in a calm tone.
“I want to go home, I am tired. I will be happy to train as an Engineer.”
He added that “Even on the return trip to Benin and at this present place, I am treated well with good food, but since school has resumed, I want to go home.”
His case which drew both national and international attention prompted the state chief Executive, Adams Oshiomhole, to act.
The governor, during the visit of Mr. George Uriesi, Managing Director, Federal Airports Authority of Nigeria (FAAN), and his team said “Without meaning to encourage anyone else, we decided to support him by sending him to one of the top secondary schools in Edo State that is owned by the government.
“The reason for opting for a boarding school is that we think that they need to closely watch him which his parents could not do.
“He is an intelligent young man with uncommon challenges, but one that has a vision. We had him examined by people who should know and the result confirmed that he is normal.”
Aside the gesture by Edo government, some organisations and individuals also made monetary donation to Daniel, with offers to assist his family in possible ways.
But weeks after he resumed as a boarding house student at the Edo College, Benin, there is a concern: Daniel is battling an implication of the desperate action he took.
The teenager is now at the risk of going deaf as he usually hears strange loud noise.
A visit to him by Saturday Independent, reveals that Daniel persistently struggles with loud inner noise, especially in the night.
Upon the development, the school authority was been notified they responded swiftly by taking him to the state government-owned Stella Obasanjo Hospital.


But Daniel has also appealed to be relocated to another school where his identity would not be unknown.
According to him, this had become imperative because his seniors at Edo College were fond of taunting him with the stowaway incident.
On the other hand, his mother, Evelyn lamented pressures from her estranged husband and others who frequently requested for money since Governor Oshiomhole gave her N5million to take care of her kids and recover from the fire incident that saw her hairdressing salon razed six months ago.
Commenting on Daniel’s condition, Dr. Patrick Okundia, Ear, Nose and Throat (ENT) consultant and Head of the Department at the hospital, said checks have been carried out.
“He was examined and we assessed his ear, nose and throat. We carried out several clinical tests on his ears. After that, the result showed that while there were some level of injuries on the nerve of the inner ear – the cochlear nerve.
“You must understand that there is what is called noise exposure on its own. Noise exposure can be divided into sudden blast or persistent exposure to a not too loud noise.
“This lad was in between. The noise from the engine of the plane on its own is deafening. To have been exposed to that for a persistent period of time, for more than 30 minutes, one would expect some level of irreversible damage to the inner ear. The management wants to see how we can either slow the process of damage or arrest it.
“But we may have challenge in reversing the already damaged ones. That is the situation we have with Daniel. He has been on medication. We have tried to apply some other maneuvers to improve the function of his ears.
“The best we have done was to prevent it from getting worse. But we have not been able to achieve complete reversal which to me looks very difficult. Most damages to nerves are irreversible. You cannot grow a new nerve once it is damaged. It’s a bit unfortunate but we still give thanks to God that he is alive.
“May be with persistent medication and with time some level of healing may take place. That could reduce the seriousness of the noise but as it is, the issue of noise in the ear has some other side effects in terms of psychological. It is also having some level of depression on him. We just pray that it doesn’t degenerate to any neurological, psychological problems for him.”
The lesson learnt is that for every action there is always a reaction. He may have done the wrong thing and he may have been pardoned by the people and the government but nature has not completely forgiven him and so that irreversible damage is there.”
The medical practitioner also disclosed that in some cases where drugs are not able to take care of the noise in the ear, other supportive therapy like the ear maskers are used.
He said that in such instances, such patients are told to adapt to situations where an exogenous source creates the noise outside that would end up dampening the noise they hear inside.

The propaganda of the Japanese prison camp in Borneo during the second world war!


Sarah Hilary's parents and grandparents

The picture above is not all it seems – it was set up as a piece of propaganda from a Japanese prison camp in Borneo during the second world war, featuring Sarah Hilary's mother and grandparents.


Sarah Hilary
Sarah Hilary
I'm sitting next to my grandmother looking through family photograph albums (a favourite pastime since I was tiny) when I find this picture. I haven't seen it before and wonder why it's not in a frame on the wall. It's such a great family photo. I ask my grandmother, who is on the right in the picture, but she can't look at it. She doesn't want to talk about it, although she already has, I realise – when I was a small child sitting with my siblings on her bed, listening to stories of our mother's childhood.


This is a photograph from the prison camp where they were held during the second world war. Like the tales our grandmother told us, it's only half the story because the camera lied.
"All is well," it lied. This is northwest Borneo under Japanese rule. The child is my mother, seated on my grandmother's lap. The man whose face is only glimpsed is my grandfather. I never knew him.
Thousands of people have seen this photograph. People on the other side of the world saw it, when the world was fighting a war of morale and conscience. People I will never meet have seen it. But my grandmother can't look at it. "Look at this happy family," it lies, when the family is imprisoned, impoverished, in fear of their lives.
The photograph was taken in the spring of 1944, two years after the Japanese invaded Borneo, capturing the men, women and children of unfriendly nations, Chinese, Dutch, British and Australians among them, to be interned in camps on the third largest island in the world. By 1944, many of those interned had died; more were dying.
Domei News, then Japan's only news agency, dispatched reporters to the frontline in Asia and the Pacific. They sent home almost daily the Domei Photo News, which was distributed by the thousands to schools, factories, shops and public places. The Domei News photographer's task was simple: show the world how content our prisoners are. The photos were intended to appease organisations such as the Red Cross, and convince ordinary Japanese families that the war was being fought honourably.
My mother was Emperor Hirohito's poster child.
No one in the photograph is wearing their own clothes. The white shirt, flowered dress and child's pinafore were loaned by the Japanese and taken back at the end of the photo shoot. My grandmother was made to wash the makeup from her face before returning to the women's camp, where no new clothes or makeup had been seen in two years. As one internee wrote in the diary she kept hidden from the Japanese: "My last towel has now disintegrated, so after washing I am obliged to shake myself like a dog until dry."
If you look closely at the photograph, you'll see that my mother is wearing a crucifix. It was carved by the Roman Catholic sisters in the camp, from the Perspex windshield of a military aircraft. I have my mother's crucifix to hand as I write this. It is small, light; pleasingly tactile. 
crucifix and pendant
A stranger finding it in a house clearance would think it worthless and throw it away. The same stranger might linger over the heart-shaped pendant, also painstakingly carved from Perspex by the nuns, who placed tiny pictures of my mother's parents, no bigger than a thumbnail, into the hollowed heart of the necklace. They did this same kindness for every child in the camp.

Prisoners at a Japanese POW camp in Borneo
Other memorabilia survive. A tin the children ate their meals from, toys stuffed with rags and sand, a book whose margins are filled with appointments pencilled by my grandmother, who was hairdresser for the women and children. In the same book: tallies of cigarettes to be bartered with the guards for food and other necessities.
My grandmother was 25 and a young mother when she was taken prisoner. Her courage still humbles me. I can't imagine surviving a fate like that, never mind keeping a small child alive and well. Whenever I suggest this idea of courage to my grandmother, she shakes her head, but she will admit that the experience made her stronger.
I expect the Japanese photographer tried to win a smile from my mother. Her unhappy expression is a small victory against the casual cruelty of the propagandists. She was taken from her home and loaded on to a truck with dozens of other children and their mothers, shipped to an island leper colony and then by boat to a prison camp where she saw brutality and disease, knew hunger and witnessed death. She saw men dig their own graves. She saw sons dig graves for their fathers. She was not yet five. Within a year of this photograph being taken she would be gravely ill with pneumonia and her father would be dead.
Her father, my grandfather, whose face is in shadow in the portrait, risked his life with a group of comrades to spread forbidden news of the war to the other prisoners, news such as the death of Hitler, information that kept many prisoners alive and hoping, long enough to survive until liberation. For doing this my grandfather was taken to a military prison where he died of malaria before he could be executed, with his comrades, by the Japanese.
The dropping of the Hiroshima and Nagasaki atom bombs in 1945 ended the war in the far east. I feel a queasy sense of survivor guilt at the thought that without those atrocious bombs, I wouldn't be here to tell my grandmother's story. No one in the photograph, no one in the prison camp, would have survived the orders from the Japanese high command, to burn the women and children and to bayonet the men.
On 11 September 1945, the camp was liberated by Australian troops. Because my grandmother had sold her engagement ring to a guard in exchange for penicillin, my mother survived to see the liberation, to watch with the other children as thousands of red, white and blue leaflets dropped from Allied aircraft into the camp, telling the prisoners to "Be of Good Cheer" and that rescue was on its way.
Another photo, smudged and grainy, shows my mother (then six and smiling) in the arms of an Australian soldier. There are no snapshots of my grandmother in the days immediately after the liberation. She was trying to find her husband. She didn't know, then, that he had died.
For a long time, I kept my grandmother's story a secret. As she did; returning expatriates were told not to talk about their ordeal, for the good of morale in postwar Britain. Many never spoke of it. My grandmother never talked with her daughter about their ordeal, believing it a blessing that my mother remembered so little of it. Thinking, in fact, that my mother remembered nothing (she remembered snatches). The silence was a kindness, an act of faith between them, to keep the horrors of the past at bay.
Only when she had grandchildren did my grandmother start to tell her story. Gently and with humour, setting the horror aside so that we could not have guessed that we were hearing about nearly four years of imprisonment, the constant threat of sickness and death. Every day, in the final years, the children in the camp saw the same flag used to cover coffins of the dead.
My grandmother told stories of happy Christmases, our mother learning to write with a stick in the sand, running barefoot, everywhere. We were enthralled, always begging for more, not knowing until we were grown up that there was a secret to the story. I remember the day it clicked into place in my head, vividly and with a sensation like vertigo: a familiar landscape suddenly seen upside down, inside out.
My grandmother died in November 2000. She was the best and bravest of women. I remember her sense of mischief and adventure. She inspired so much of what I do. If, as she believed, her spirit was forged in the fire of the prison camp, then it was an indomitable spirit, full of love for life and, yes, courage. She knew I wanted to be a writer so I hope that she told me the story of the prison camp because it needed to be told. Needs to be told.
The Domei News Agency was disbanded in 1945. It had served its purpose. Thousands of photographs had convinced millions of people that all was well. Just as Allied propaganda convinced millions of others, of the necessity of dropping the atom bombs.
Once you know the truth, it becomes hard to look at the photograph, perhaps because the truth is so obscured by the horrific realities of the time. Each time I see it, I feel something different. Loss of course, and grief. Pride for my grandfather's sacrifice and regret that I never knew him and because my mother grew up without her father; deep sadness for my grandmother's loss, and my mother's. Gratitude for their survival and the happiness they brought to my life. And wonder that two human beings could live through trauma of that magnitude and not be bitter or timid but instead huge-hearted, generous and tender. All that I know about the strength and value of families, I learned from them.
I began by saying that this family photograph lied, but perhaps I'm wrong. Perhaps, despite the borrowed clothes and the studio pose, the photograph shouts a great truth, about love and survival and the unassailable nature of the family.
Written by Sarah Hilary on The guardian


Sanusi, replies Jonathan’s query, defends bank’s multibillion naira spending!


The suspended Central Bank governor, Sanusi Lamido, has defended his bank against allegations of spending billions on extensive loans, staff emoluments, and maintenance of devices.
In suspending Mr. Sanusi last week, President Jonathan accused the CBN governor of “financial recklessness”.
PREMIUM TIMES reported exclusive details of the president’s second query to Mr. Sanusi early 2013, in which Mr. Jonathan demanded prompt clarification on key spending in excess of a trillion naira. The president’s query followed the submission of the CBN’s audit report by Mr. Sanusi to the president on February 26, 2013.
The president claimed in his letter that Mr. Sanusi’s swift response on the issues raised would be helpful in providing proper “appreciation of the nation’s economic outlook”. It was, however, Mr. Sanusi’s reply that the president forwarded to the Financial Reporting Council of Nigeria, on whose recommendation the president said it relied to suspend the embattled governor.
In the 22-point query, the Mr. Jonathan demanded amongst other things, the domestic report on the CBN’s 2012 financial statements by external auditors and the financial reporting framework under which the financial statements were prepared.
He also directed the CBN governor to provide names of the trustees of the CBN’s self-insurance, including the board minutes approving the said self-insurance scheme and trustees and the entries of the annual appropriations indicating where it was posted in the financial statements.
Mr. Sanusi was also directed to explain the composition of CBN’s gratuity of N72.653 billion in 2012 and N64, 280 billion in 2011 and how it was determined as well as the board minutes and approval practice of making provisions for internal currency insurance based on the premium that would have been payable to external insurers had they been engaged. The president also wanted names of the insurance companies that were filed tested in the exercise and the modalities thereof.
The president also demanded the justification for the “Repairs and maintenance expenses” of N2.268 billion in 2012 and N2.070 billion in 2011 and the extent of repairs of printing machines and intervention activities of N19 billion in 2012 and N23.865 billion in 2011 as well as the administration of expenses of N42.596 billion and N48.340 billion in 2011.
This newspaper learnt that the query raised by the president contained basically the same questions that the Financial Reporting Council had asked CBN’s auditors who had sent a copy of the audit report to it.
The auditors, Ernst and Young and Pricewaterhousecoopers had responded to the questions, attaching relevant documents to back their submissions.
Those familiar with the matter said it therefore came as a surprise to the CBN when the president wrote to Mr. Sanusi asking the same questions to which the auditors had provided “satisfactory answers”.
Our sources said in responding to the president, the CBN governor simply reproduced and forwarded the same answers that the auditors provided to the Financial Reporting Council.
In his response to the president, obtained exclusively by PREMIUM TIMES, Mr. Sanusi said the repairs and maintenance expenses relate to “general office equipment and ICT maintenance”. The letter is dated May 20, 2013, two weeks after the president’s query.
The CBN governor said about 92 percent of the maintenance expenses were for information and communication technology equipments. The CBN does not have printing machines, he said.
On why he granted N50.06 billion as loan to Wema Bank and another N500 billion to Asset Management Company of Nigeria, AMCON, the CBN governor said the loans were necessary because AMCON was sustaining “heavy losses” while WEMA was still having liquidity challenges.
He said the bank was working to recover the loans.
On the composition of the CBN’s N72.65 billion gratuity in 2012 and N64.28 billion in 2011, Mr. Sanusi said employees of CBN are entitled to gratuity payments after completing five continuous full years of service with the bank.
He said the gratuity is computed based on the number of years of service, gratuity rate, and gross emoluments for final year of service.
The CBN governor, defended his spending of N19 billion in 2012 and N23.865 billion in 2011 as “intervention activities” of the bank, saying the funds were channelled to critical sectors of the economy.
These activities were carried out as part of the bank’s developmental role,” he said.