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THE Socio-Economic Rights and Accountability Project has indicated that it would sue the Federal Government and the National Assembly for the postponement of the general elections.

ELECTION 2019: Buhari’s FG Receives Heart Wrenching News Ahead Of 2019 Elections, The Heat Has Just Been Turned Up Nigeria National Assembly 1 300x169

Kolawole Oluwadare, the Deputy Director of SERAP in a statement on Sunday, blamed the successive governments in since 1999 for the increased predisposition to postpone elections which have only ended in corruption over the years.

 

ELECTION 2019: Buhari’s FG Receives Heart Wrenching News Ahead Of 2019 Elections, The Heat Has Just Been Turned Up IMG 20181204 133416 300x146

 

He accused politicians of their negligence towards amending some of the vulnerabilities in the electoral processes, stating that it is unlikely that the Federal Government or the National Assembly would take the steps necessary to sort out the electoral system and improve transparency, accountability, and integrity of the electoral process.

ELECTION 2019: Buhari’s FG Receives Heart Wrenching News Ahead Of 2019 Elections, The Heat Has Just Been Turned Up house of assembly1 300x199

Oluwadare also charged the citizens to be active participants in the fight against corruption by putting pressure on the authorities to hasten the reformation of the electoral system in Nigeria.

“We urge Nigerians to take a more active role in the fight against corruption, including by putting pressure on the authorities at the federal and state levels and the National Assembly to comprehensively reform, upgrade and modernise our electoral system and processes. Otherwise, citizens’ right to participate in the governance system will remain a ‘hollow right.

“Given that the right to vote is considered a part of an individual’s fundamental right to political participation, persistent postponement of elections in the country raises serious questions about the legitimacy and integrity of Nigeria’s fledgling democracy.

ELECTION 2019: Buhari’s FG Receives Heart Wrenching News Ahead Of 2019 Elections, The Heat Has Just Been Turned Up police and election 300x180

“Persistent failure to upgrade and modernise the electoral system has effectively relegated the right of participation to paper tiger status, undermining the ability of citizens to genuinely participate in the fight against corruption and to hold their leaders to account. Yet, a transparent, accountable and modernised electoral process is a prerequisite to the effective exercise of citizenship in a democratic society.”

Oluwadare also said that the budget and expenditures of INEC will be thoroughly investigated by SERAP in keeping with its role of ensuring transparency and accountability of the government.

ELECTION 2019: Buhari’s FG Receives Heart Wrenching News Ahead Of 2019 Elections, The Heat Has Just Been Turned Up buhari pledges assistance for kwara born blind corps member 300x169

“SERAP would also deploy the Freedom of Information Act to seek information on details of spending by INEC since 1999, as part of our initiatives to improve transparency and accountability of governmental operations and promote respect for citizens’ right to participate in the processes of government and governance in the country,” he said.

The which supposed to take place on Saturday was postponed by the electoral commission at the 11th hour to 23 February based on certain logistic problems.

While the Governorship, State of Assembly and the FCT Area Council Elections are to hold on 9th Marc, 2019.

Please leave your comments below and do not forget to share.

SOURCE:ICIR

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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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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 , Abuja.

The News Agency of (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 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, , 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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