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They closed down the 3rd Mainland Bridge. All because a book of the president's Facebook quotes was being launched..

The president's Facebook quotes!

I don't want to go into the argument about the value of a compilation of Facebook quotes, but I must ask what they will add to the body of knowledge, and why the launch of such a book should be turned into such a humongous event?

For the record, 3rd Mainland Bridge at 12km is the longest bridge on the continent. Because of the number of areas in Lagos that can be accessed through that bridge, it services over a million people each day. The traffic on that bridge has actually gone up slightly since the road works at the Orile axis began. Driving at a constant 100km/h on that bridge will take you across it in 12 minutes. Now imagine the hell that people went through yesterday simply because of a political gimmick?

My anger however is not directed at Goodluck Jonathan. In my view, this event shows that he is absolutely no different from the politicians around him, and the vast majority of those who came before him. My anger is directed at Nigerians.

Why are we so tame?

When I complained about this incident on the Internet, a friend of mine admonished me that since he is president it is his right to close down traffic. Did I not grow up in Nigeria?.

Which leader has not done this before? Good question. My reply to that friend would be the fact that previous Nigerian leaders (most of them military dictators) did it, does not make it right? Why do we as a people have this really annoying tendency of defending what is wrong simply because other people are doing it or have done it before?

Being that this friend of mine lived in the UK for some years, I would point him to the outcry that followed Tony Blair. When returning from a trip to the US in 2006, Mr. Blair's driver decided to avoid traffic by driving on a bus lane! People screamed, Mr. Blair paid the fine and it did not happen again.

That, my people, is a leader who (at least on the surface), panders to the wishes of the electorate who voted him in.

 

They have been criticising Jonathan for kneeling before God and now saying it is a political gimmick .

The Man is not the messiah neither is he a mess ! Our Take on this on 9jabook..

 

It takes guts for a man with so much power to go before another man whom he apparently has power over and ask for the blessings of a being whom he cannot see but whom we know exists . If a man with such Power can do this he must be aware of the consequnces of using it as  political gimmick .Jonathan is not the messiah but he is better than the mess of panderers, atikus and so called freedom activists whose agenda has long ben exposed. Buhari i wish for but he wont win. he knows it .it is bw atiku & Goodluck .

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Otudeko emerges Zain Chairman as Bharti closes $10.7bn deal

Indications emerged yesterday that Indian-based telecom operator, Bharti Airtel, has completed the $10.7 billion acquisition of African operations of Zain.

Bharti struck the deal with Zain last March but was reported to have needed to tie other nuts of the deal necessary to finally consummate the buy-over.

With the completion of the sales, Bharti becomes a proud owner of Zains mobile operations in 15 African countries, including Nigeria.

The deal is exciting Bharti owners who have described it as India’s second biggest overseas acquisition after Tata Steel’s $13 billion buy of Corus in 2007.

In a statement, made available to Vanguard, Bharti said: “further to the announcement on the closure of Zain Africa deal, we are pleased to announce a significant development in Nigeria.

“The long-standing disputes on multiple fronts by our main local partner, Broad Communications Group and its affiliates, owned, controlled and managed by Mr. Oba Otudeko and his family have been satisfactorily settled. Mr. Otudeko will also be appointed as the Chairman of our company in Nigeria. This paves the way for the aggressive development of our business in Nigeria, one of the largest growth markets in the world. Mr. Otudeko, who is a highly regarded business leader in Nigeria, will bring all his resources to make us a leader in mobile telephony in Nigeria.”

Bharti, arguably the Indian telecom market leader is facing ferocious competition at home and now is believing that opportunities in Africa are worth the risks.

Vanguard gathered that the main acquisition is valued at $9 billion but if the $1.7billion debt Bharti agreed to inherit from Zain is added, it brings the total value of the business deal to about $10.7billion.

The deal, which is expected to lift the company’s subscriber base to 180 million from 18 countries, however brings tough financial and management challenges for Bharti, a company scrambling to defend its lead in a fiercely competitive home market.

Nigerian subscribers who express mixed feelings over the sale are expecting Bharti to streamline operations across 15 different countries in Africa, raising revenue and turning around the loss-making assets.

The Zain deal with Bharti had suffered different strokes of set backs since it was initiated some few months ago. The government of central African nation of Gabon had come out against the deal, but later approved the sale. The government of Congo Republic had also said Bharti-Zain deal broke law.

There was also a dispute about minority ownership of Zain’s operations in Nigeria, the biggest market in the deal. Minority shareholder Econet Wireless was seeking to overturn a 2006 deal by Celtel in which it bought a majority stake in VeeNetworks Ltd,which later turned out to be now Zain Nigeria.

Under the terms of the deal, Bharti had to pay $8.3 billion to Zain in the first tranche, and the remainder after one year from the closing.

Bharti had secured debt of up to $8.5 billion from a clutch of lenders to fund the deal, and may have to spend more to expand networks that analysts say have been under-invested for years.

The company also recently paid about $2.6 billion for acquiring 3G licences in India and will have to pay more after an ongoing auction for wireless broadband radio spectrum is completed.
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JTF closes 600 illegal ‘refineries’ in N’Delta By Olamilekan Lartey, Yenagoa and Obinna Ezeobi, Abuja, Published: Wednesday, 16 Dec 2009 The Joint Task Force in the Niger Delta raised the alarm on Tuesday that illegal refineries might soon spread to areas outside the oil rich region. The JTF Commander, Maj.-Gen. Sarkin Bello, gave the warning after his men destroyed over 600 illegal refineries in different parts of the Niger Delta. Bello said that intelligence and overfly reports had indicated that there were over 1,000 illegal refineries in different parts of the Niger Delta. The JTF boss said the rising wave of illegal refineries was of great concern because of the economic and environmental impact on the nation. He said, “It is a new menace with grave dimensions. Since people now know what people do with crude oil, it may move to other parts of the country where there are oil installations, don‘t be surprised.” Bello said before now, kidnapping was restricted to the Niger Delta, but that it had spread to every part of the country. According to him, ”Illegal oil refining is like any other crime, it mutates as the criminals try to find other means of livelihood.” He stressed that aerial photographs had shown vast areas of devastation as a result of the activities of the illegal bunkerers and refinery operators. ”I can‘t see how such areas can be useful in the near future with the level of degradation,” he said. Bello added that operating illegal refineries was an economic crime that involved people from all levels in society and not necessarily ex-militants. The JTF commander, however, urged those engaged in illegal refineries ”to re-channel their talents to legitimate endeavours that will benefit not only themselves, but their communities and the nation at large.” He said the JTF’s Operation Restore Hope would continue to destroy illegal refineries and arrest their operators anywhere they were found in the country. Our correspondent learnt that between October and December 2009, the JTF identified and destroyed 600 illegal refineries. Meanwhile, petrol stations across the country must henceforth fill the tanks and disregard the order to sell a maximum of N2,000 worth of fuel to private cars and N1,000 to commercial bus drivers, the Minister of State for Petroleum, Mr. Odein Ajumogobia, ordered on Tuesday. The shortage of petroleum products in some parts of the country had been compounded by the directive by the Nigerian National Petroleum Corporation to ration the quantity of petrol to be sold to motorists, a situation which forces car owners to return to refill frequently. Speaking after taking a tour of several filling stations across the Abuja metropolis, Ajumogobia regretted the persisting queues in filling stations despite claims by the NNPC that there was adequate petrol in the country. Ajumogobia said, “I came to personally assess what is going on. All the people around me tell me that there is enough fuel and yet I see queues. I am going to investigate who gave the authorisation for the rationing. When you ration it means there is not enough supply.” He stressed that rationing of petrol did not make sense, wondering why an individual should wait for hours and then be subjected to buying only N1,000.
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