“Agronomy, Catalyst to Food Sufficiency” —Professor Osita Mouneke

Erudite scholar, Professor Cosmas Osita Mouneke has harped on the importance of food security in Nigeria’s quest for food sufficiency. The Professor of Agronomy and Farming Systems at the Michael Okpara University of Agriculture, says security exists when all people at all times have physical and economic access to sufficient, safe and nutritious food to meet their dietary needs and food preferences for an active healthy life. Delivering the 27th Inaugural lecture of Michael Okpara University of Agriculture,Umudike,Umuahia recently, Professor Mouneke  remarked “that Food security can be enhanced through procedures…

Read More

Powerless Regulator

By Shedrack Ifurueze For the Department of Petroleum Resources, DPR, the recent threat action by this arm of the Nigerian National Petroleum Corporation, NNPC to delist marketers of petroleum products, particularly fuel, oil and gas that engage in sharp practices is a welcome development. For the umpteenth and first time, this ‘toothless bulldog’ agency of the government read what stakeholders and analysts regard as the riot act to the marketers. DPR, the magazine’s investigation confirms that the agency had in different fora during the heat of the May 2015 fuel…

Read More

Guild of Corporate Online Publishers Inaugurate New Executives

Cross-Section of newly Inaugurated Excos

A group more than 50 frontline online publishers, THE GUILD OF CORPORATE ONLINE PUBLISHERS, GOCOP on Thursday August 10, inaugurated its new executives, and had her maiden conference with the Theme “SUSTAINING GROWTH THROUGH DIVERSIFICATION OF THE ECONOMY” held at the Renaissance Hotel,  Ikeja, Lagos.  Following are some of the guest that graced the event, by Uche Nwosisi Share on: WhatsApp

Read More

Economy: Not Yet Uhuru

As the expectations and promises of May 29, 2015; when President Mohammadu Buhari was sworn in as President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria have significantly slowed down with most Nigerians now ghosts of themselves. No thanks to what concerned Nigerians consider as the many failed promises of the ruling All Progressive Congress, APC. By Shedrack Ifurueze An air of obvious expectations for a better Nigeria of our vision was infectious with the APC as opposition then promising Nigerians illusive better life after 16…

Read More

More Troubles For Importers

By Stephen Ubanna The  Independent Corrupt Practices Commission, ICPC throws weight behind the Anti-Corruption Unit of the Nigeria Customs Service , NCS, to rid the ports of desperate importers and agents who shortchange the government As a prelude to fighting the desperate importers with their agents, the Customs anti-Corruption Unit with the backing of the ICPC has released  fliers which are pasted at strategic locations at the ports. The  Magazine sighted one of the posters at the Tin-can Island port which specifically spelt out the clearing rules. The Customs anti-Corruption…

Read More

The Petroleum Club Hosts Fashola

Mr. Austin Avuru, Mr.Dele Aikhionbaile and Mr.Babatunde Fashola

A Policy Advocacy Group, comprising of men and women, who are serving in the highest level of the Oil and Gas Industry In Nigeria, gather on Friday 4th 0f August at the Metropolitan Club, Victoria Island to host Mr.Babatunde Raji Fashola (SAN), the Minister Of Power, Works, And Housing to a dinner. Following, are some personalities that graced the event. By Uche Nwosisi. Share on: WhatsApp

Read More

Daisy Danjuma Marks 65th Birthday in Grand Style

Mr Femi Otedola, Senator Daisy Danjuma and Mr Dele Momodu

Sunday August 7, 2017 was a remarkable day for Senator Daisy Danjuma, when people from all works of life gathered at the convention hall of the Eko Hotel to honour her, as she marks her 65th birthday. Some dignitaries that grace the occasion are the Governor of Ogun State, Ibukunle Amosun, Governor of Oyo state, Senator Abiola Ajimobi, former Governor of Ogun State, Chief Olusegun Osoba, Dr Oba Otudeko, Chief Kenny Martins, Mr Kennedy Uzoka, Mr Greg Uanseru and others. Uche Nwosisi from source magazine was there to capture the…

Read More

A Senate Without Common Sense

By Gwiyi Solomon It is insulting, debasing and embarrassing watching the 8 Senate as chaired by Bukola Saraki throw away the pervading collective will and aspiration of Nigerians before it eventually went into recess penultimate week. The actions of the Senators, distinguished as they claim,  following their rejection of the bill seeking devolution of powers to the component units of the country, otherwise known as restructuring is nothing but an ill wind,  an asinine sledge taken too far. It therefore, directly goes to prove and present the current Senate as…

Read More

IGP Meets Stakeholders on Security Challenges

Mr Sunday Ehindero, Alhaji Musliu Smith, Ibrahim Idris and Oba Rilwan Akiolu, Oba of Lagos

The Inspector General Of Police, Ibrahim Idris met with the Governor of Lagos State Akinwunmi  Ambode and other security stakeholders on Friday 4, August 2017 to discuss security challenges the country is faced and how to tackle it, the lecture was delivered by Professor Etannibi Alemika, with the theme ”PROVIDING STRATEGIC SOLUTION TO EMERGENT SECURITY CHALLENGES,THE ESSENTIALS OF SYNERGY AMONGST SECURITY AGENCIES AND CIVIL POPULACE”, held at the ballroom of the Eko Hotel, following are personalities present at the event, By Uche Nwosisi. Share on: WhatsApp

Read More

Importation: Insurers Lose N6 billion To Fake Cargo Insurance Racketeers

By  Shedrack Ifurueze Since the nation’s economy continue to be fueled by importation, industry is losing a whooping N6 billion on a yearly basis to fake cargo insurance racketeers. They operate at seaports and major centres where shipping activities are carried out, especially in Apapa and its environs in Lagos State. Findings show that about 300,000 cargoes, of the 1.1million cargoes berthing at the country’s seaports annually, parade fake insurance certificates. Though, there is no fixed premium for marine cargo insurance, as the price is determined by some factors, mainly…

Read More

Year of Boom Over, As Customs Smoke Out Smugglers

By Stephen Ubanna Barely one year after Nigeria experienced a boom in the export of Agricultural products to the United States and the United Kingdom, there appears to be a lull as many exporters had been forced out of the business due to pecunia interests. . This is evident going by the scanty number of Agricultural products export bound Containers that were shipped out from Tin-can Island port last month. The situation was so bad that maritime analysts fear that President Muhammadu Buhari hopes of boosting the yearly revenue of…

Read More

TSA: Suffocating Businesses

By Shedrack Ifurueze For many years, the Federal Government lost much revenue to frauds due to different accounts being operated by the government MDAs which ordinarily should have been used to effectively execute most of its developmental projects. However, disturbed by this development and the need for transparency and accountability, as well as block financial leakages where government revenue are being passed into private accounts. TSA is a public accounting system under which all government revenue receipts, income as well as payments are collected into a single account which is…

Read More

Seizures: Agents Storm FOU

By Stephen Ubanna Worried at the rate which Federal Operation Unit, FOU, Zone A, of the Nigeria Customs Service impound Containerized cargoes and trucks released from the ports, Bonded terminals and land border stations  in Lagos and Ogun states, officials of the National Association of Government Approved Freight Forwarders, NAGAFF,  last Wednesday, August 2, were at the  Command  to rub minds with Mohammed Garba, the Comptroller to seek for a soft landing. The NAGAFF team was led to the negotiation table by Boniface Anniebonam , the founder of the negotiation…

Read More

Customs: Tightening The Noose Against Contraband Importers

By Stephen Ubanna For years, there had been rumour making the rounds that SCOA, a Bonded terminal  was a haven for contraband cargo importers. The large expanse  at Kirikiri was said to have been used by SCOA, a multinational Company, for its trading business in Nigeria. The country was however ,forced  pull out of Nigeria because of the harsh economic situation. The withdrawal of its business interest in the country created an opportunity for SDV , a multinational shipping Company which is known to shipping thousands of Containerised cargoes into…

Read More

Customs Still In The Eye Of The Storm

By Stephen Ubanna Until Hameed Ali, a retired Colonel and Comptroller General, Nigeria Customs Service, NCS, is removed from office by President Muhammed Buhari, the  Senate Committee Committee on Customs, Excise, Tariff and marine Transportation,headed by Hope Uzodinma, will stop at nothing toexpose the rot in Customs. In spite of the billions which the Customs pay into the Federation Account monthly, the Committee believes there are still much sharp practices in the Customs with the collaboration of other stakeholders , leading to loss in the collection of revenue in foreign…

Read More

Ambode Swears in 57 Newly Elected Local Government Chairmen

Cross-Section of some of the newly elected chairmen

Lagos State Governor Mr. Akinwunmi  Ambode on Tuesday, June 25, 2017, inaugurated the newly 57 elected local government chairmen, the event was held at the  Adeyemi  Bero Auditorium, The Secretariat Alausa Ikeja, in attendance was the party big wings, as APC won 369 Counsellor seats, PDP, 4 and Accord, 3 seats. Following some photographs from the event, By Nwosisi Uche Share on: WhatsApp

Read More

Apapa: Still A Disaster

The Oshodi/Apapa Express way  is still a disaster despite government fr promises to fix the road as Aliko Dangote and  two other critical  stakeholders mobilize funds to fix the road to save the multi-billion naira investments at Apapa Wharf By Stephen Ubanna Okechukwu Uzochukwu, a Lagos based clearing agent has never had so bad taking delivery of his importer’s Container at Tin-can Island port to an importer’s warehouse. This is because of the bad state of the Oshodi /Apapa Expressway. It takes a truck laden with Container from the Sifax…

Read More

Stamp Duty Again: CBN’s Unwavering Action

By Shedrack Ifurueze Following the implementation of the Stamp Duty Act by the CBN and commercial banks operating in Nigeria, the Nigerian Postal Service is to be classified as a revenue-generating agency. Investigation by the magazine has shown that the CBN told commercial banks to start enforcing the country’s stamp duties law on financial transactions with “immediate effect.” In a circular to the banks, the CBN asked the banks to charge N50 on every N1000 deposit or electronic transfer made by customers. The circular read in part: Deposits or transfer…

Read More

Dormant Accounts: Why Banks Stand Vetoed?

By Shedrack Ifurueze Emmanuel Usoro, not real name was an account holder with Union Bank Plc, one of the first generation banks. He however stopped servicing the account about 10 years ago when banks were still using the 14-digit savings and current account numbers. To Usoro’s utmost surprise when he went to the bank to reactivate his account, he was simply told in plain terms that he cannot do that because his account has been declared dormant over the years, except that he has another opportunity to open a new…

Read More

Still On Delinquent Debtors

By Shedrack Ifurueze Though the tension brewing in the nation’s financial sector seems to be fading, The denials by Idika Kalu, former Minister of Finance and Transport; Olatunde Ayeni, the promoter and director of Globe Energy Resources and the management of another major oil firm, MRS; among others, in separate statements vehemently denied owing or having any business dealings with First City Monument Bank, FCMB. But, according to Ayeni, who also doubles as the Chairman of Skye Bank Plc the magazine observes was listed in error as the sole director…

Read More