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he Forum for Transparency and Integrity in Leadership and a lawyer, Samuel Adeniji, have asked the Federal High Court in Lagos to determine whether the Independent National Electoral Commission (INEC) can allow Internally Displaced Persons (IDPs) to vote without complying with the law on voter registration.

They are praying the court to determine whether INEC has the power to conduct 2019 elections in IDP camps without compiling and maintaining a register of voters with respect to eligible voters in the Local Government Areas (LGAs) of origin of the IDPs in question.

The plaintiffs want the court to hold that IDPs can only vote when they comply with the provision of the Electoral Act by applying to the Resident Electoral Commissioner (REC) of the respective states in which the IDP camps are located.

They sought a declaration that it would be unconstitutional and illegal for INEC to conduct elections in IDP camps, without first complying with the 1999 Constitution and the Electoral Act (2010) by compiling and maintaining as part of the national register of voters, the names of all persons entitled to vote in each IDP camp.

The plaintiffs, through their lawyer, Lekan Idowu of Edgewise Solicitors, prayed for a declaration that they are entitled to view and inspect the voters’ register, if any, which INEC intends to use in the IDP camps.

They also prayed the court to declare that it would be unconstitutional and illegal for INEC to conduct elections in IDP camps located in the Niger Republic and the Republic of Chad or in any other country or place outside Nigeria.

In the suit, the group claims that Professor Mahmood Yakubu, the INEC Chairman, had announced that IDPs in those countries “who left their abodes due to insurgency in the North-East would not be denied their voting rights”.

The plaintiffs sought an order of perpetual injunction restraining INEC from conducting any electoral process during the forthcoming general elections in any of the IDP camps without having first complied with the 1999 Constitution as amended and the Electoral Act with regards to having the names of IDPs on the national voters register. Additionally, they prayed the court for an injunction restraining INEC from allowing any voting in an IDP camp outside Nigeria.

In a supporting affidavit, Adeniji, a lawyer and member of the forum, recalled that INEC recently announced that it would conduct elections in IDP camps. The deponent said the IDP camps are scattered in different locations in the North-East and Abuja, adding that he was not aware that INEC has so far enumerated the specific LGAs the IDPs were originally located.

Adeniji also said he was not aware that the individuals who now reside in the IDP camps applied to be registered or to transfer their registration from their original places of abode to their new locations.

“I believe that it is in the interest of justice that the reliefs in the originating summons are granted,” he prayed.

The originating summons was brought pursuant to Section 153, Paragraph 15 (A) and (E) of the Third Schedule of the 1999 Constitution (as amended); Sections 9, 10 and 13 of Electoral Act No 6 of 2010, Order 3, Rule 1 of the Federal High Court (Civil Procedure) Rules 2009 and under the inherent powers of the honourable court.

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Abass Sulaiman Adegoke, well known as Adegoke is a student of Federal Polytechnic Ede studying Civil Engineering, He is a media enthusiast, loves traveling, and has a special interest in personal development.

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Buhari meets Dangote, Otedola, others in Aso Rock

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Buhari meets Dangote, Otedola, others in Aso Rock IMG 20190524 215018 1024x742

President Muhammadu Buhari on Friday hosted members of the Business Community and officials of the All Progressives Congress (APC) to Iftar (Ramadan breaking of fast) at the State House, Abuja.

The News Agency of Nigeria (NAN) reports that the Secretary to the Government of the Federation, Mr. Boss Mustapha and the Chief of Staff to the President, Malam Abba Kyari were among the government functionaries at the fast-breaking event.

Members of the business community in attendance of the fast-breaking meal included Alhaji Aliko Dangote, Femi Otedola, Tony Elemelu, Alhaji Isiaka Rabiu and Chief Emeka Offor.

Others were the Chairman of the Sahara Group, Kola Adesina and the Chairman of the National Union of Road Transport Workers (NURTW), Alhaji Najeem Yasin.

The National Chairman of the APC, Comrade Adams Oshiohmole, immediate past national chairman of the party, Chief John Odigie Oyegun; the party’s National Vice Chairman, North West, Inuwa Abdulkadir and other party officials also joined the president to share the fast-breaking meal.

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Real owners of MTN Nigeria revealed

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real owners of mtn nigeria revealed Real owners of MTN Nigeria revealed screenshot2019 05 24 10 48 35

 

 

 

Last Thursday’s listing of MTN Nigeria shares on the Premium Board of the Nigerian Stock Exchange (NSE) has made it possible to identify the shareholders of the telecoms firm.

Many Nigerians believed the Nigerian government owned part of the South African firm through an unspecified equity holding by the Nigeria Sovereign Investment Authority (NSIA).
But a review of the listing memorandum filed by MTN Nigeria in support of its application for the enlistment of its shares on the NSE revealed the profiles of the shareholders of the company.
The list did not include either the Nigerian government or the NSIA. PREMIUM TIMES learnt that the NSIA investment “is very small” and could not have been listed among those of the big players.
The document dated May 15, 2018, showed 11 owners of MTN Nigeria. They own the entire 20,354,513,050 Ordinary Shares of the company valued at about N407.1 billion as at the time MTN applied to be listed.
They include the majority shareholder, MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion, and Stanbic IBTC Asset Management Limited with 9.77 per cent stake or 1,988,269,050 shares valued at about N39.77 billion.
Also included are six Nigerians, who are non-executive directors of the board. Each represents various foreign interests in the company.
Victor Odili, a Nigerian, and Chairman of Aeromaritime Group of companies, a group specialising in the maritime and oil and gas sectors of Nigeria’s economy, is a member of the board. He holds 806,886,900 shares, or 3.96 per cent interest, valued at about N16.14 billion indirectly on behalf of Hermitage Overseas Corporation.
Also, Pascal Dozie, a Nigerian and founder of the defunct Diamond Bank PLC, is the Chairman of the Board of Directors. He holds 340,409,900 shares, or 1.67 per cent equity valued at N6.67 billion, indirectly, on behalf of Celtelecom Investment Limited, NISPVLimited.

 

 

Another Nigerian, Sani Mohammed Bello, a co-founder of AMNI Petroleum, an indigenous oil and gas exploration companies, is the vice chairman of the board. He holds 265,092,150 shares (1.30 per cent equity) estimated at about N5.3 billion indirectly on behalf of One Africa Investment Limited.
Babatunde Folawiyo, a Nigerian and Chairman/Chief Executive Officer of the Yinka Folawiyo Group, holds 218,815,100 shares, or 1.07 per cent equity, valued at N4.01 billion on behalf of Universal Communications NISPV Limited.
Similarly, Gbenga Oyebode, a Nigerian and founding partner of Aluko & Oyebode law firm, represents the interest of N-Cell NISPV Limited. He holds 181,776,250 shares, or 0.89 per cent equity, valued at N3.27 billion.
Ahmed Dasuki, a Nigerian and founder of Quaditect Consultants, represents NISPV Limited/ SASPV Limited, which controls 177,717,850 shares, or 0.75 per cent equity valued at about N2.89 billion.
Government Employees Pension Fund (Represented by Public Investment Corporation SOC Limited) were also listed as owners with 355,281,650 shares (1.75 per cent equity) valued at about N7.11 billion.
Also, Mobile Telephone Network N.I.C.B.V holds 559,720,150 shares, or 2.75 per cent, valued at about N11.19 billion.
Robert Shuter, Ralph Mupita, Jens Schulte-Bockum, Ferdinand Moolman, Paul Norman and Karl Olutokun Toriola serve as representatives of MTN Group on the Board of Directors of the company.
With the listing of the company’s shares on the NSE, MTN Nigeria becomes the first privately owned telecoms company in Nigeria to attain that status.
The listing of the company on the premium board of the NSE on April 18, 2019, resulted in the change of the company from a private company to a publicly quoted telecoms company on the NSE.
MTN Nigeria, a subsidiary of MTN International (Mauritius) Limited, was incorporated in the Republic of Mauritius, with its ultimate holding company, MTN Group.
The company was incorporated on November 8, 2000. But, it did not commence operations until 2001. Since then, the company has remained in operations for almost 18 years in Nigeria.
MTN Nigeria is reputed to be Nigeria’s largest telecoms operators, with about 67 million subscribers, controlling about 39 per cent mobile market share.

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