Michael Ojuroye Initiative (Ngo)

BY: FUNMI OJUROYE  October 14th 2013 Emmanuel Aguariavwodo The All Progressives Congress (APC) and the Democratic People’s Party have rejected the outcome of Saturday’s bye-election for the Delta Central senatorial seat. The Independent National Electoral Commission (INEC) declared Emmanuel Aguariavwodo of the Peoples Democratic Party (PDP) as the winner of the election. But the APC’s candidate, O'tega Emerhor, and Ede Dafinone, the DPP’s candidate, declared the result as a scam, adding that the battle had just begun. Addressing a press conference on Sunday, Mr. Emerhor described the election as one of the worst things that have happened in the nation’s current democratic system. He stated that he and his party rejected the election result, demanding its cancellation. “I hereby place it on record that no bye-election took place. What took place was a sham calculated to select a senator by the government and all its agencies working together to achieve this nefarious and ...

BY: FUNMI OJUROYE  October 14th 2013 Against the background of incessant kidnappings and other violent crimes in Edo State, members of various cult groups in the state came together in Benin, weekend, in a move they said was to tackle insecurity in the state. However, the cult groups during their summit with the theme Interactive Peace Summit: Strategy for Social Cohesion, which held at the Sand Beach Resorts, Benin, expressed dissatisfaction with threats posed to Edo and other neighboring states due to the activities of kidnappers, armed robbery gangs and other criminal activities. They resolved to tackle them. Represented Some of the cult groups represented by at the summit included Green Circuit (Maphites), Norsemen (Vikings), Black Axe, Eiye Confraternity, Family Fraternity of Nigeria and Avarian Organisation of Nigeria. Also in attendance were representatives of Governor Adams Oshiomhole; the Iyase (traditional Prime Minister) of BeninKingdom, Chief Sam Igbe; representati...

BY: FUNMI OJUROYE  October 14th 2013 Oteh and Onyema A total of 92 companies fell short of the Nigerian Stock Exchange’s minimum listing standards between December 2012 and September 2013, our correspondent has gathered. The companies operated below the listing standards of the Exchange in the course of the year for failure to disclose their audited annual financial statements and interim quarterly accounts on time and for non-disclosure of information, according to the latest X-Compliance report published by the NSE. The report, which is a transparency initiative of the Exchange aimed at maintaining market integrity and protecting the investors by providing compliance related information on all listed companies, showed, among other things, that 51 companies defaulted in filing their audited accounts. A breakdown of the figure revealed that as of September 6, 2013, a total of 41 companies had not rendered their audited financial statements for 2012. It also showed that t...