Michael Ojuroye Initiative (Ngo)

BY: FUNMI OJUROYE  22nd Sept. 2013 Oando CEO, Wale Tinubu The Group Chief Executive, Oando Plc, Mr Wale Tinubu, on Friday said the company would publish names of shareholders on its web site to ensure sustainable corporate governance. Tinubu said this in Lagos at a meeting with the stockbrokers at the Nigerian Stock Exchange (NSE) to explain its stance on former Gov. James Ibori’s alleged ownership of 30 per cent in the company. According to him, the publication of shareholders’ names is meant to stop people with `hot money’ from investing in the energy conglomerate. The News Agency of Nigeria (NAN) reports that the company’s innovation was against the backdrop of the British prosecutor’s recent accusation that the convicted former governor used Oando to launder money. He said that Ibori owned only 443 shares in Oando Plc and not 30 per cent as alleged by UK Southwark Crown Court on Sept.16. “Investors with stolen funds should not think of investing in Oando Plc because t...

 BY: FUNMI OJUROYE  22nd Sept. 2013 Act 1 Scene 1 Last Tuesday, the House of Representatives  had a  rowdy session immediately after  Speaker Aminu Waziri Tambuwal read a letter proposing a courtesy visit by the Abubakar Kawu Baraje -led faction of the new Peoples  Democratic Party, PDP. After saying the day’s prayer at about 11.05am  and delivering his welcome back speech to his colleagues who just returned from recess, Tambuwal proceeded to read a communication from President Goodluck Jonathan on the transmission of the 2014-2016 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper, and followed that with the letter, asking for the visit by Baraje. The lawmakers were instantly split. The drama started with the shouts of ‘no,’ ‘no’ by members of the old PDP, as well as arguments to the effect that PDP is no longer the majority party in the House, implying that Tambuwal’s leadership was no longer tenable. Leading the pac...

BY: FUNMI OJUROYE  22nd Sept. 2013 No fewer than 50,000 people have been rendered homeless as Asakio, Odobu and Obi local government areas of Nasarawa State are turned to ghost towns as a result of the conflict between the Ombatse militia and the Alago ethnic group. Governor Tanko Al-makura visited the affected communities in the company of his commissioners to assess the level of damage and to also sympathize with the victims displaced and taking refuge in nearby communities. Al-makura, while being taken round the areas, lamented the destruction of houses, particularly those of the paramount rulers in Obi and Asakio. “I can’t believe what my eyes are seeing today, this is inhuman”, he said. Worst hit were the Alago settlements in Asakio, Odobu and Obi where no single house including economic tree was left untouched by the assailants who took their time to unleash terror on the communities. It was a sight no one will wish even his enemies. Among the places visited were the re...