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NCC: ‘No Invalid 95.7m SIM Data, Verification is a Continuous Exercise’

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The Nigerian Communications Commission (NCC) has re-assured Nigerians that there is no iota of truth in media speculations that 95.7 million Subscriber Identification Module (SIM) data have been rendered invalid due to alleged poor deployment of technology, saying continuous data verification is a global practice. It is a continuous exercise.

In a chat with journalists recently, the Executive Commissioner, Stakeholder Management, NCC, Mr Sunday Dare stated that what is happening currently is that subscriber data so far captured by Mobile Network Operators (MNOs), as well as data captured by other statutory agencies are being cleaned-up, verified and harmonised in accordance with the Act setting up the National Identity Management Commission (NIMC) and a Directive of the Federal Executive Council (FEC).

According to Dare, “The position of the NCC has been consistent, in the sense that as is the normal practice globally, the subscriber data that has been captured has been undergoing the normal process of verification. Whatever name you call it; it is simply a process of verification. The operators, at the point of registration, are expected to capture specific data – biometrics (picture and fingerprint), name, address etc. Once they capture it, they put it together, and from time to time, they send it to NCC through secure electronic means.”

He explained that, as NCC collects the data to the central system, it then checks and verifies what has been submitted by the operators, saying this has been the process from the beginning; it has not changed.

“We issued a Subscriber Registration Regulations in 2011 together with Registration Specifications and these have remained substantially the same since then. What we now have is an additional layer of verification via a Presidential Directive and an enabling law – that all data-collecting agencies of government should harmonise their data with NIMC – because statutorily, it is only NIMC that has the powers to create a national citizens’ database. So, NCC falls within the category of data collecting agencies. So, as we collect SIM registration data, FRSC collects (for drivers’ licence), immigration collects (for International Passport), etc. – they said submit everything to NIMC.

“Now, what does NIMC do? They also collect and verify. So, it is a continuous process. Of course – even though technology is being used – there is no way you can verify and complete the processing of 160 million subscribers within a short period. And don’t forget that we had 80 million, then 90 million, then 100 million subscribers and so on… So as their data come in, we verify. That process is painstaking, it is based on technology and it is on-going. So the question of invalid data does not exist.”

While explaining the validity of SIM data, Dare explained that before a SIM can be connected to any network in Nigeria, the subscriber data must be captured by the MNOs and that if any data field is missing, such a SIM card will not be activated.

“So, if the data are “invalid”, these numbers will not work. They will not connect with the network. We have the footprint of every SIM registered in this country.  What we are doing is, we are trying to verify to make sure that the accurate information is submitted. In cases where we find out that some of the information is missing or inaccurate, we are able to go back to MNO to say – this number of people you have registered and submitted – instead of four finger prints, we got three clear finger prints, please call them to come and update; or that the address is not correct; or that we find pictures that are not correctly captured and needs to be corrected, etc. – it is a process that is on-going. Every data collecting organisation needs to verify, and it goes on over a period of time. So, that is what is happening right now,” he said.

Dare clarified that there is no serious problems with SIM data, as the Commission is working with MNOs to correct any identified gap, but that “there is no serious problem of the kind being bandied about.”

“In simple terms, NIMC has a statutory duty to create a national citizens’ database and it has been approved by FEC – under a presidential directive – that NCC and all data collecting agencies should submit their data to NIMC for harmonisation. Don’t forget that INEC has over 88 million records of peoples’ data for permanent voter’s card (PVC) – the same way we also have data of people that have SIM cards.

“The biggest issue is security and as it is now, as the need arises, we are able to interrogate the subscriber database for action. The NCC has collaborated with security and law enforcement agencies on several occasions to arrest those that use their mobile numbers for advance fee fraud, or kidnapping, etc. Once we get requests from authorised channels, we interrogate our database – either the MTN database as resident with us, or the Glo database, and so on – we are able to get the picture of the owner of the telephone number, or we get the address and we give the details to the security people and they do the needful. They have moved swiftly in several cases to apprehend suspects and even successfully prosecute them.”

He therefore stated that what the NCC is doing now is a verification process to bring the data up to higher global standards for the national database and that it has been passing collected information to NIMC while NIMC has been doing a good job by further cleaning up such data and adding them to the national database.

“Also don’t forget that NIMC is dealing with database submitted by more than four of five major data collecting agencies and it is technology-based, and so we have to be patient. So, the question of 95.7 million invalid SIM cards does not arise. There is no such thing. The fact is that security agencies are working with us, once we have available information, we are able to reach out to the database and give them the required details and they are able to work with that. This has been going very successfully,” he said.

The Executive Commissioner emphasised that apart from working with NIMC, the NCC has been working with and has met on several occasions with the Office of the National Security Adviser (ONSA), to the extent that after about a year and half, ONSA and NCC working together were able to agree on four modes of identity that people must have before they can be register, or before they can do a SIM swap.

That is, you must have either a Permanent Voter’s Card (PVC), a Nigerian or international passport, Driver’s license, and/or a National Identity Card. if you show up with any of these IDs, we are able to use that ID to query the system to confirm that you are an authentic person. We worked with ONSA to get to this level.”

“What NIMC is doing is putting together a central database of verified and cleaned up data from these four key agencies and other data collecting organisations. So whenever authorised agencies want to check anybody, all you do is to query that central database and call up the information on the person. So you don’t have different incomplete and disjointed databases. There is a process ongoing and because of the security implications, we cannot bring all the details out into the open. But the regulatory agencies are working together through active collaborations, and what people need to do is to be patient, to co-operate with us, and see what is going to come up eventually,” he said.

On the strength of the foregoing collaborations among government agencies, Dare said Nigeria is close to having credible national citizens’ database that will be bequeathed to Nigerians by the Buhari administration and consequently bring Nigeria at par with other developed countries.

“Not only this, having credible national database of citizens will also help our security both within and outside the country, and help our security relationship with other countries, especially in the fight against Boko Haram, the fight against terrorism and also the fight against kidnapping and banditry,” he said.

Dare further stated that the NCC is continuously holding stakeholders’ engagements with all SIM registration agents including the MNOs, their super agents and others along the value chain.

“What we are telling them at such fora is that they must understand that they play a very critical role in protecting the national interest as they are the first point of contact for those coming onto the Nigerian telecoms system. We, therefore, require high standards and sound ethical conduct from them for us to get a very clean database.”

He said the Commission has been going round the nation, meeting directly with these agents as the engagement had been held for South-West, South-South, South-East and North-Central.  “In the next few days, we will be in the North-West.  The reason we are doing this is to ensure that right from the point of first contact of the person who requires SIM registration, the details are properly taken, so that once it gets to our back-end, it is easier to properly validate and send to the central database immediately.”

JUSTUS URANTA: From Insurance CEO to His Royal Highness

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Dr. Justus Clinton Uranta, the immediate past Group Managing Director/CEO of Niger Insurance Plc is set to join the ranks of Royal Fathers in Nigeria following his recent emergence as Alabo-Elect of Queenstown in Opobo Kingdom, Rivers State.

His coronation ceremonies scheduled for June 7, 8 and 9, 2019 will formally mark the beginning of his journey to serve his people as His Royal Highness (HRH) after more than 35 years of meritorious career in the insurance industry.

The History

Queen’s Town (Kweniama) was founded and established by Chief Captain Uranta in 1887 under the protectorate of her Britannic Majesty, HRM Queen Victoria 1, Queen of England.

Today, Queenstown is part of the Opobo Kingdom, established by Chief Captain Uranta along with others, including the revered King Jaja of Opobo.

Chief Captain Uranta was a merchant warlord who fought and conquered many battles that earned him War Canoe Houses in Ibani translation– Omufie Aru Wari.

After the reign and death of Chief Captain Uranta, there had been other great men of repute who had reigned in royalty on their father’s throne, including Chief Justice Elijah Allswell Uranta, TIU’s illustrious father.

The immediate past Chief that occupied this royal stool was HRH Alabo Magnus N. C. Captain Uranta, Captain Uranta (X) Paramount ruler of Queenstown, Iroanya section.

After the death and burial of the immediate past Chief, the Royal stool has remained vacant with the need to fill the vacuum.
On that premise, a resolution was passed to Chief Captain Uranta War Canoe House to search for a befitting replacement.

Following an elaborate meeting of Chief Captain Uranta Wariseniapu Council Queenstown held on 27th January, 2019 at Chief Captain Uranta Palace, a consensus was reached and the Council unanimously elected/appointed Amaopusenibo Dr. Justus Clinton Uranta as Alabo Designate of Chief Captain Uranta War Canoe House and Iroanya Section.

Dr. Justus Clinton Uranta is the long-serving former Group Managing Director/CEO of the NSE-quoted Niger Insurance Plc.

Top of Form

Justus Uranta: The Profile

An astute Manager of Men & Resources, Dr. Justus Clinton Uranta had over 20 years of experience at the top management level of Niger Insurance Plc before bowing out of office with honour and grandeur.

He was until recently, the Group Managing Director/Chief Executive of Niger Insurance Plc, one of the leading insurance conglomerates sitting at the top of the financial sub-sector of the economy.

Prior to this, he held top management positions in other equally notable public institutions: such as NICON Insurance Corporation, Federal Ministry of Trade (finance) and Veritas Insurance Company, to mention but a few.

He is currently on the Board of the following companies:

  • NIGER INSURANCE PLC
  • NIC PROPERTIES LTD
  • NIC SECURITIES & TRUST LTD
  • BETA GLASS INDUSTRIES
  • UNION ASSURANCE CO.
  • EXPRESS DISCOUNT LTD
  • TRUSTFUND PENSIONS PLC

He equally attended various academic institutions as stated hereunder:

  • WILCOX MEMORIAL COMPREHENSIVE SECONDARY SCHOOL, ABA
  • NATIONAL HIGH SCHOOL, ABIA STATE          1970 – 74              WASC (DIVISION 2)
  • AHMADU BELLO UNIVERSITY ZARIA 1975 – 77              DIPLOMA IN INSURANCE (UPPER   KADUNA STATE                                                                                                    CREDIT)
  • AHMADU BELLO UNIVERSITY ZARIA 1981 – 84              Sc. (HONS) BUSINESS ADMIN  KADUNA STATE                                                                                                           (2ND CLASS UPPER)
  • THE CHARTERED INSURANCE 1980 -85                ASSOCIATESHIP OF CII LONDON INSTITUTE OF LONDON                                                                                            (ACII)
  • DELTA STATE UNIVERSITY 1998-00                MASTERS INBUS. ADMIN (MBA)   ABRAKA, DELTA STATE
  • THE COMMON WEALTH UNIVERSITY 2003 – 08 DOCTORATE IN BUSINESS BELIZE, CENTRAL AMERICA

His qualifications include:

  • Diploma in Insurance (upper credit) (1975-1977).
  • Sc (HONS) Business Admin -2ND Class upper (1981-1984)
  • ACII, London (1980-1985)
  • Master in Business Admin (1998-2000).
  • Doctorate in Business Management (2003-2008).

Uranta also has fellowship awards from the following institutions:

  • CHARTERED INSURANCE INSTITUTE OF NIGERIA               2004                         FIIN
  • NATIONAL INSTITUTE OF MARKETING 2005                       FNIMN
  • NIGERIAN INSTITUTE OF MANAGEMENT 2005                       FNIM
  • NIGERIAN INSTITUTE OF MGT. CONSULTANTS 2006                       FNIMC
  • CERTIFIED INSTITUTE OF COST MGT OF NIG. 2008                       FCICMN
  • ASSOCIATION OF PENSION FUNDS OF NIG. 2009                       FAPFN

OTHERS:

  • COUNCIL MEMBER – CHARTERED INSURANCE INSTITUTE OF NIGERIA
  • VICE CHAIRMAN    – WEST AFRICAN INSURANCE INSTITUTE (WAII) THE GAMBIA
  • ALUMNUS    – LAGOS BUSINESS SCHOOL (AMPIO 2001)
  • FSS 2020 COMMITTEE MEMBER (INSURANCE SECTOR)

He was a council member of the Chartered Insurance Institute of Nigeria (CIIN) and Vice-Chairman, West African Insurance Institute (WAII) at The Gambia and alumnus of the prestigious Lagos Business School (AMPIO 2010).

He was also a member of FSS 2020 (Insurance Sector Committee).

A grassroots man, he is well at home with members of his rural community.  His belief in selfless service to humanity has been demonstrated in his contributions to educational advancements in his environment.

He is a strong believer in the cause of the common man and being a self motivated person, equally believes in motivating people around him.

Above all, he is God fearing and prudent in the conduct of his daily affairs.

COMMUNITY DEVELOPMENT EFFORTS

  • Established a secondary school in his hometown
  • Constructed a six room public convenience in the same locality
  • Contributed substantially in the re-construction of his native Church as well as award of scholarship to students in primary, secondary and tertiary institution

RELIGIOUS ATTAINMENT

  • He is a Knight of Saint Christopher (KSC).

He is happily married with children.

Guild of Editors Seek Protection for Journalists as 94 Killed in 2018

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The Nigerian Guild of Editors (NGE) has called for more protection for journalists before, during and after elections. This was the highpoint of a statement released by the Guild on the occasion of the 2019 World Press Freedom Day.

The Guild said this year’s World Press Freedom Day with the theme: ‘Role of Media in Elections and Democracy’ provides an opportunity for stakeholders in the global democracy enterprise to re-examine the contributions of journalists to the propagation and sustenance of democracy.

The Guild specifically called on relevant authorities in Nigeria to begin to see journalists as partners in development and voice of the voiceless rather than treat them as meddlesome interlopers and enemies of the people.

Citing growing mortality among journalists including denial of their fundamental right to life in the course of discharging their duties, the Guild appealed to Nigerian security agencies to ensure the safety of all journalists especially during elections. The Guild said the media has the capacity to support peace and reconciliation processes among political actors hence should be allowed to play its constitutional role.

As is the tradition, this year’s World Press Freedom Day also examines the safety of journalists. According to the Guild, ensuring the safety of journalists is the primary way by which societies can foster the independence and freedom of the press, as crucial for democracy. This, the Guild said, will also ensure public access to information.

The Guild regretted that there is a clear and present threat to achieving that goal.  The Editors’ body referenced global statistics to support its crusade for the protection of journalists.

The International Federation of Journalists noted that in 2018 alone, at least 94 journalists were killed across the world. The 2018 figure indicates an increase from the previous year which recorded 82 fatalities.

The Guild echoed the concern of the United Nations which had earlier noted that journalists were undergoing too much stress which is ultimately undermining their ability to report accurately without fear of attack.

The UN had said: “Today, the contribution of free, pluralistic, independent and safe journalism to democracy is under unprecedented stress. Also, election outcomes and their aftermath are critically affected by political discourse and communications, including the role of the media in relation to the polling process.”

The Guild condemned modern day leaders who do nothing except denounce the media as biased to the extent that factual information reported by the Press is now termed ‘fake news’ to the detriment of the journalism profession.

NCC: How to Protect 114m Nigerian Internet Users Online

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The Nigerian Communications Commission (NCC) has reiterated how the over 114 million Internet users in the country can be properly protected while online.

According to the Commission, one of the key ways to achieve this is through enlightenment and awareness programmes where consumers are informed on the dangers of cyber crimes as well as learn and observe skills gained through such awareness in order to be protected while on the Internet.

Director, Consumer Affairs Bureau, Mrs. Felicia Onwuegbuchulam, stated this during the 47th edition of the NCC’s Consumer Town Hall Meeting (CTM), a monthly regulator, operators and consumer engagement forum for the grassroots, held in Uzuakoli, Abia State.

With the theme: “Mitigating Effects of Cyber Crimes: The Role of Telecom Consumers”, Onwuegbuchulam said the tripartite programme is one of the initiatives of the Commission to bring together consumers, network operators and the regulator to identify and discuss salient issues bordering on the telecoms industry with a view to jointly providing solutions to identified challenges.

While stating that cyber space covers everything consumers do online or with computing devices including mobile phones, tablets and personal computers, just as the internet touches almost all aspects of human lives, Onwuegbuchulam stressed the need for the consumers to show interest in getting constant enlightenment and be conscious of fraudulent tendencies by some Internet users while online.

According to Onwuegbuchulam, who was represented at the forum by the Head, Information and Reference Unit at the Commission, Alhaji Ismail Adedigba, the theme of the event had been carefully chosen for deliberations to effectively educate and inform the telecom consumers on the threats and modus operandi of cyber criminals in the industry and suggest ways by which the consumers can be protected.

She disclosed that as at February this year, there were over 114 million Internet users in the country with over 63 million of them accessing broadband services on 3G and 4G networks.

She said the need to constantly educate is further underscored by the large number of Nigerians online with even more to come online as the Commission intensifies efforts towards implementing its various initiatives aimed at deepening connectivity across the nooks and crannies of Nigeria.

“As access to internet increase, the dimension of cyber criminal activities is also becoming more sophisticated. There is a need, therefore, for the consumers to get enlightened on the dangers of cyber crimes and for them to,  in turn,  take the skills learnt through such consumer engagement programmes as CTM very seriously and apply them when using the Internet in order for keep the cyber space safe for them,” she said.

Onwuegbuchulam noted that the liberalisation of the telecoms industry in 2001 led to an unprecedented growth in the usage and dependence on internet-based solutions, services and applications, stressing that as Internet is being used for legitimate, positive engagements; some individuals also use it for criminal activities in the cyber space.

She, however, stated that aside the continuous consumer enlightenment programmes such as CTM being organised by the NCC, the Commission had also initiated a process to establish an Internet Industry Code of Practice for Internet Service.

“The Internet Code is a regulatory intervention that will not only help to secure the country’s cyber space against imminent threats from cyber attackers but also address such issues as online child protection, privacy and data protection, contents, among others,” she added.

Also addressing audience at the event, the representative of the Consumer Advocacy Group, (Wheel of Hope), Mr. Jide Abdulazeez, who presented the lead paper, called on telecom consumers and other necessary stakeholders to collaborate with the Commission in combatting cyber crime in the country.

He added that most of the fora organised by the NCC are geared towards enlightenment and education of the telecom users to become more aware of the things that cane benefits them and those that constitute dangers to them as telecom consumers.

A key highlight of the event was also the setting up of a Complaint Desk manned by the representatives of the Commissions and the service providers which provided opportunity for the consumers to resolve any complaint they had regarding telecom service delivery from the networks of their respective service providers.

Sovereign Trust Insurance Reports N10bn Gross Premium in 2018

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Olaotan Soyinka Managing Director/CEO Sovereign Trust Insurance Plc
Olaotan Soyinka Managing Director/CEO Sovereign Trust Insurance Plc

Despite the challenging economic environment that characterized operations of most businesses in the country in 2018 and the seeming lull in the insurance sector in the year, Sovereign Trust Insurance Plc has once again put up a brilliant performance in the year under review when compared with the company’s performance in 2017.

The Managing Director and Chief Executive Officer of the Underwriting Firm, Mr. Olaotan Soyinka said the development is a very heart-warming one considering the level of work that was put in place in 2018.

It is quite interesting to note that the company recorded a phenomenal leap of 167% in its Profit Before Tax totaling N540 million as against N202 million recorded in year 2017.The Gross Premium Written in 2018 stood at N10.5 billion compared to the N8.5 billion written in 2018, representing a 23% increase. Another outstanding highlight of the 2018accounts which could be described as very encouraging is the rise in the company’s profit after tax to N344 million as against N157million in 2017 representing 118% increase.

Olaotan Soyinka Managing Director/CEO Sovereign Trust Insurance Plc
Olaotan Soyinka
Managing Director/CEO
Sovereign Trust Insurance Plc

As the company grew its balance sheet in 2018, so did it also increase its claims payout?  In 2018, a total of N4.2 billion was paid as claims against N1.9 billion that was paid in 2017.The net claims expense grew to N1.7 billion from N1.3 billion in 2017.

This in a way underscores the company’s claims paying ability resulting in a 37% net claims expense. The total assets also grew by a marginal 5% to N11.3 billion in 2018 from N10.8 billion in 2017.

The Managing Director while briefing newsmen in Lagos said the management of the company is really committed to meeting and surpassing the expectations and aspirations of its shareholders and stakeholders alike.

“These performance levels are a confirmation of the management’s determination to effectively and strategically position the company as one of the leading insurance companies in the country while at the same time propel the company to a profitable height for shareholders’ delight.”

AMCON Takes Over Micmerah International Agency

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Ahmed Kuru MD/CEO AMCON
Ahmed Kuru MD/CEO AMCON

A Federal High Court sitting in Awka, the Anambra State capital in Suits No. FHC/AWK/CS/101/2018 and No. FHC/AWK/CS/102/2018 has ordered the Asset Management Corporation of Nigeria (AMCON) to take over the business and assets of Micmerah International Agency Limited.

AMCON had appointed Chief Tagbo Anieto as Receiver/Manager over the assets of Micmerah International Agency Limited, which owe it over N1billion. The company is located at Onitsha, the commercial hub of Anambra State.

In compliance with the court order, AMCON earlier today through the Receiver/Manager took over the business and assets of Micmerah International Agency Limited. Justice I.B. Gafai, who presided over the matter granted AMCON the full possession as well as power of sale over the assets of Micmerah International Agency Limited now in the custody of AMCON.

AMCON had taken over the Non-Performing Loans (NPLs) of Micmerah International Agency Limited from various banks in line with its mandate under the AMCON Act. All efforts to peacefully resolve the loan were frustrated by Chief Mike Emerah, the prime promoter of the company, which left AMCON with no other choice than to seek justice in the court of competent jurisdiction.

Ahmed Kuru MD/CEO AMCON
Ahmed Kuru MD/CEO AMCON

Confirming that AMCON had already taken over the assets/properties of Micmerah International Agency Limited as directed by the Court, Jude Nwauzor, Head, Corporate Communications, AMCON said, “We saw it coming because the said debt is long overdue. As a responsible corporation, before we get to this stage with any of our obligors; we must have patiently tried to resolve the matter without going to court. Anytime we end up taking over assets by the order of the court such as in the case of Micmerah International Agency Limited, it means all efforts by AMCON to get the obligor to amicably repay the indebtedness have proved abortive.

“When you have exhausted all avenues of peaceful resolution, there is no other option available to AMCON than what has eventually happened, which is the commencement of enforcement action against Micmerah International Agency Limited as mandated by the court and as provided under Section 49-52 of the AMCON Act. If not, it would be difficult to take over those assets because the owner is very influential in Anambra State.”

It would be recalled that Mr. Ahmed Lawan Kuru, Managing Director/Chief Executive Officer, AMCON late last year declared that the corporation after a critical evaluation of its recovery processes changed its resolution strategy to focus more on enforcement actions especially against recalcitrant and hard-core obligors that have vehemently refused to amicably meet their debt obligation to AMCON.

Europe-Africa Partnership Grants €10m for New Anti-malarial Drug

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The European & Developing Countries Clinical Trials Partnership (EDCTP) grants €10 million over five years to “WANECAM 2” a unique collaboration between anti-malarial drug researchers in Africa and Europe from 10 academic institutions, a pharmaceutical company, Novartis, and a not-for-profit product development partnership (PDP), Medicines for Malaria Venture.

The grant will support African trials of a novel anti-malarial combination comprising KAF156 (ganaplacide) and lumefantrine in a new once-daily formulation. KAF156 has demonstrated the potential to treat resistant malaria and to be administered as a single dose; the grant will also help to build and strengthen research capabilities in the four participating African countries: Burkina Faso, Gabon, Mali and Niger.
The European & Developing Countries Clinical Trials Partnership (EDCTP) has granted new funding of €10m over five years to support late-stage clinical trials of a next-generation anti-malarial combination including KAF156 (ganaplacide). The trials will be conducted in four countries in West and Central Africa: Burkina Faso, Gabon, Mali and Niger.
Led by the WANECAM consortium (West African Network for Clinical Trials of Anti-malarial Drugs), ten academic organisations [1] based in Africa and Europe will collaborate with the not-for-profit organization Medicines for Malaria Venture (MMV) and the pharmaceutical company Novartis to develop its compound KAF156 in combination with a new formulation of lumefantrine. The aim is to advance the development of a much-needed new anti-malarial therapy while strengthening clinical trial development capabilities in Africa.
Global partnerships have made significant strides in malaria control over the past 20 years, yet the rate of progress has recently diminished [2]. A recent survey of African malaria leader [3] showed high levels of concern around resistance to some of the current gold-standard treatments, artemisinin combination therapies (ACTs), in Asia, and the likelihood that it could spread to Africa, emphasizing the urgent need for novel, easy-to-administer anti-malarial medicines.
The Principal Investigator, Professor Abdoulaye Djimdé of the L’Université des Sciences, des Techniques et des Technologies de Bamako and coordinator of the WANECAM group, said: “We welcome the generous support from EDCTP and are grateful for their long-term commitment to clinical development in Africa – and specifically supporting clinical research in critical diseases such as malaria. This backing is vital to accelerate the development of this much-needed new compound. African collaboration with a group of international experts on this programme can help ensure the trials are completed rapidly and to the highest quality standards. With reports about parasite resistance to artemisinins and ACTs, it is essential that we have new anti-malarials ready and waiting.”
KAF156 [4], the new anti-malarial compound that will be studied, holds the potential to be the first new chemical class of compound for the treatment of acute malaria in 20 years which in combination with the new formulation of lumefantrine could be administered as a single-dose treatment.

The combination is currently in late-stage clinical trials across 17 centres in nine countries in Africa and Asia. It is being developed by Novartis with scientific and financial support from MMV (in collaboration with the Bill & Melinda Gates Foundation), and is one of seven late-stage anti-malarials being developed by MMV partnerships.

The EDCTP grant will fund two clinical trials for KAF156 in combination with a new formulation of lumefantrine which will include studying its effectiveness in children, the group most at risk of dying from malaria. If successful, data from these trials will support future submissions to register the medicine with regulatory authorities.
The EDCTP funding will also support efforts to strengthen clinical research infrastructure in Niger, as well as existing clinical research capacities at all other trial sites involved. These efforts will involve exchanging experiences and best practices between the sites and the European academic centres, as well as with Novartis and MMV.
Dr. Michael Makanga, EDCTP Executive Director, said: “We are delighted to broaden the coalition of organisations that EDCTP funds and partners to deliver our malaria strategy. By involving the private sector and a not-for-profit PDP, we have broadened our network of expertise. With all sectors working together, we can build stronger partnerships to defeat malaria.”
By 2017, malaria mortality had more than halved in sub-Saharan Africa compared to the turn of the century, due to better prevention, mainly via bednets, and improved treatment with ACTs.

However, over 400,000 people died due to malaria-related causes that year, most of them young children under the age of five.

The most recent 2018 World Malaria Report stated that progress in the fight against the disease is flattening for the second year in a row.

Agriculture Fund Plans 17 New Agribusiness SME Projects in Nigeria, Others

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The African Development Bank will launch 17 new grant projects funded by the Agriculture Fast Track Fund (AFT)  in support of agribusiness Small- and Medium-sized Enterprise (SMEs) in eight African countries – Ghana (4), Tanzania (4), Burkina Faso (2), Malawi (2), Mozambique (2), Ethiopia (1), Nigeria (1) and Senegal (1).
The AFT Fund is managed by the Agriculture and Agro-Industry Department of the African Development Bank. It supports the development of a strong pipeline of “bankable” agriculture infrastructure projects and assists African agribusiness SMEs in project preparation activities to ease their take-off.

The fund is supported by the governments of the USA (through USAID), Denmark (through DANIDA) and Sweden (through Sida).
The Fund finances the project development cost of a broad range of agriculture infrastructure, spanning the entire value chain: from production to the market. Target projects range from rural feeder roads to irrigation, agro-processing and marketing facilities, and out-grower schemes.

The emphasis is on projects that contribute to the food security, income enhancement, job creation, and livelihood of smallholder farmers.
The projects are being implemented in 10 eligible regional member countries (RMEs) of the Bank: Benin, Burkina Faso, Cote d’Ivoire, Ethiopia, Ghana, Malawi, Mozambique, Nigeria, Senegal and Tanzania.

‘FG Should Dispose Recovered Assets in a Transparent Manner’

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BudgIT tasks President Buhari to carry out the disposal of recovered assets in a transparent manner, in line with Nigeria’s Open Government Partnership National Action Plan.

The news on the sale of recovered assets which the President has directed the Ministry of Finance to carry out within six (6) months was received with mixed feelings due to the non-disclosure of information on assets recovered.

With this development, BudgIT wants to remind the Federal Government on its commitment to Open Government partnership, which relates to asset recovery – to strengthen Nigeria’s asset recovery legislation including non-conviction based confiscation powers and the introduction of unexplained wealth orders.

A favourable framework would have been the enactment of the Proceeds of Crime Act (POCA), which has been passed by the Senate but awaiting passage by the House of Representatives.

If the bill was passed, it would have provided for an effective legal and institutional framework for the recovery and management of the proceeds of crime or benefits derived from unlawful activities.

We have not seen increased interest in the Nigerian government to institutionalize the process of disposing of assets recovered as proceeds of crime.

We also notice that the monthly publication of reports of the recovered assets and utilisation as provided by the OGP secretariat, stated that an audit committee set up by the President is verifying all recovered assets.

However, we are yet to see the report of the committee. Government’s commitment to Open Government means that information should be disclosed proactively yet, vital information of recovered assets is not accessible to citizens.

The Federal Ministry of Justice has been tasked to develop guidelines for transparent management of recovered assets pending the enactment of the law but assets recovered should not be sold without a transparent management framework.

With this in mind, BudgIT calls on President/Federal Government to develop the guidelines for the management of assets recovered. Likewise, we encourage the House of Representatives to pass the POCA bill into law.

We also encourage the federal government to be transparent on sales and management of recovered assets so as not to create a scenario where looted funds are used to repurchase public assets.

We strongly believe that these recommendations, if implemented, will go a long way in enhancing good governance and help in institutionalising asset management in the country.

Sustained Gains Trigger another Positive Run on the Local Bourse

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NSE

Yesterday’s trading session posted another bullish performance as the NSE All Share Index (ASI) advanced 76 bps to settle at 29,970.86 points following continued price appreciation in NESTLE (+5.3%) as well as bargain hunting on DANGECM (+1.2%) and ACCESS (+9.9%).

As a result, the market capitalisation inched to N11.3tn as investors’ wealth increased by N84.4bn. Nevertheless, activity level weakened as volume and value traded declined 32.8% and 30.7% to 216.0m units and N3.2bn respectively.

The top traded stocks by volume were ACCESS (39.2m units), UBA (24.2m units) and LASACO (20.8m units) while the top traded stocks by value were NESTLE (N1.5bn), ZENITH (N342.5m) and GUARANTY (N311.6m).

Mixed Sector Performance
The sector performance was mixed albeit negatively skewed as 3 out of 5 indices under our coverage declined. The Oil & Gas index shed the most, down 1.4% due to sell-offs on SEPLAT (-3.4%).

In the same vein, the Industrial Goods and Banking indices dipped 0.4% and 0.2% respectively due to losses on CCNN (-3.6%), GUARANTY (-2.4%) and WEMA (-5.6%).

On the flip side, the Consumer Goods index was the best performer, up 2.7% on the back of buying interest in NESTLE (+5.3%) while the Insurance index closed flat marginally gaining 3bps.

Investor Sentiment Weakens

Investor sentiment as measured by market breadth (advance/decline ratio) took a negative turn to 0.9x from 2.1x in the prior session as 16 stocks gained against 17 losers.

The best performing stocks were ACCESS (+9.9%), CHAMS (+9.1%) and FIRSTALUM (+8.6%) while the laggards were led by TRANSEXPR (-9.8%), UACPROP (-9.6%) and ABCTRANS (-8.3%).

The relatively weak investor sentiment portends that the last trading session of the week may be dominated by profit taking activities especially in bellwethers that had recorded gains in previous sessions.

NCC Enjoins Telecom Consumers to Protect Infrastructure

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Prof. Umar Danbatta Executive Vice-Chairman Nigerian Communications Commission
Prof. Umar Danbatta Executive Vice-Chairman Nigerian Communications Commission

The Nigerian Communications Commission (NCC) has again enjoined telecoms consumers and other stakeholders to join hands with the Commission towards protecting telecom infrastructure for improved telecoms service delivery to them.

The Commission made the call during a sensitisation programme on the protection of telecoms infrastructure in Okene Kogi State recently, urging all stakeholders, including traditional rulers, and individuals to collectively protect telecoms infrastructure in their communities.

While addressing an audience of telecoms consumers at the event, the Director Zonal Operations, NCC, Mrs. Amina Shehu, said concerted efforts of all stakeholders were needed to protect telecoms infrastructure.

Shehu, who was represented by a Principal Manager in the Zonal Operations Directorate, Mr. Ekisola Oladisun, said that if the Quality of service (QoS) and Quality of Experience (QoE) enjoyed by the consumers are to be improved upon, the consumers needed to play a role by joining hands in protecting telecoms infrastructure such as base transceiver stations (BTS) and fibre optic cables located in their vicinities.

Prof. Umar Danbatta Executive Vice-Chairman Nigerian Communications Commission
Prof. Umar Danbatta
Executive Vice-Chairman
Nigerian Communications Commission

While noting that Nigeria has, over the years, recorded tremendous growth in its Gross Domestic Product (GDP) following the liberalisation of the telecoms industry in 2001, Shehu, however, lamented that there are various changes facing optimum protection for telecoms infrastructure, which , in turn, hinder delivery highly improved services to the consumers by the mobile networks.

The challenges, according to her, include vandalism, theft of telecoms site equipment’s and harassment and intimidation of telecoms site engineers, indiscriminate shutdown of telecoms facilities by government agencies, right of way (RoW) issues among others.

According to Shehu, “It is important to note that the spate of vandalism of telecoms infrastructure across the country has resulted in cases of poor quality of service which telecoms consumers complain about.”

She added that it was on the basis of these realities, that the Commission has organised the workshop in order to educate consumers on the imperative of protecting telecoms infrastructure, which has become the backbone for the entire economy, stressing that “we need to collectively protect telecoms infrastructure in our communities to prevent decline in quality of service on the networks of our service providers.”

Speaking in the same vein, an official in the Technical Standards and Network Integrity (TSNI) Directorate, NCC, Mr. Musa Daibu, said the Commission and other stakeholders were pushing for the passing into law of a bill on Critical National Infrastructure, which, if passed into law, will help to further improve telecoms infrastructure protection, as it will classify telecoms infrastructure as national assets.

The forum provided opportunity for telecoms consumers to ask questions on various aspects of telecomm service delivery with the Commission’s officials providing appropriate responses to issues raised to the satisfaction of the consumers.

N5tr Debt Recovery a Challenge to All Nigerians – AMCON

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Amcon
Executive Director, Asset Management Corporation of Nigeria (AMCON), Dr. Eberechukwu Uneze and Brigadier-General Ibrahim Mohammed Jallo, the Academy Registrar, Nigerian Defence Academy (sitting middle) with other officers and men from the academy; some senior officials of AMCON as well as some of the cadets in a group photograph at the end of the visit in Abuja, recently.

Managing Director and Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has again reiterated that the over N5 trillion bad debts, which Nigerians expect AMCON to fully recover before its sunset should be seen as a collective problem that concerns all Nigerians irrespective of their socio-political, ethnic and cultural ideologies.

Kuru who was represented by the Executive Director, Assets, Dr. Eberechukwu Uneze, made the declaration when he received a group of cadets from the Accounting Department of the Nigerian Defence Academy (NDA); officers and men as well as lecturers from the academy led by Brigadier-General Ibrahim Mohammed Jallo, the Academy Registrar.

The cadets were at AMCON on an excursion as part of their mandatory requirement to visit select financial institutions where they are availed the opportunity of matching theoretical teachings in the academy with practical realities of accounting principles in the real business world.

The AMCON boss, who described the attitude of typical AMCON recalcitrant debtors as a reflection of the nonchalant attitude of the populace said such negative disposition was responsible for the rascality that was experienced in the banking sector, which led to the creation of AMCON in 2010.

Amcon
Executive Director, Asset Management Corporation of Nigeria (AMCON), Dr. Eberechukwu Uneze and Brigadier-General Ibrahim Mohammed Jallo, the Academy Registrar, Nigerian Defence Academy (sitting middle) with other officers and men from the academy; some senior officials of AMCON as well as some of the cadets in a group photograph at the end of the visit in Abuja, recently.

He cautioned those who hitherto think the challenge of recovering the huge debt is AMCON’s sole headache to think again, because the monies in question belong to Nigerian taxpayers.

He therefore called on organisations and establishments including the security agencies, which includes the army, to support AMCON in its drive because failure to recover the huge debt will mean that the government would somehow, someday pay back with taxpayers’ money, which would have been used to provide or improve the much needed infrastructure across the country.

Insisting that AMCON has remarkably done well against all odds since its establishment, he stated however that the corporation is not resting on its oars to ensure that these debtors pay what they owe the nation.

He disclosed that it was the zeal to make debtors pay that pushed AMCON to change its recovery strategy from negotiation to enforcement. Aside recovering over N1trillion, he said, “Our intervention in the banking sector protected thousands of jobs. Along the line we have also created thousands of direct and indirect jobs. The creation of the Asset Management Partners (AMPs) scheme for instance employed close to 9,000 direct and indirect jobs as well.

“With the AMP scheme, AMCON is laying solid foundation for the stability of the financial sector because we are gradually and systemically grooming professionals that will take over the job of AMCON at sunset. Our thinking is that at the end of this assignment as mandated by the law, we would have trained highly experienced and professional agents with the requisite capacity and knowhow to continue to function as asset managers in the country. This is because AMCON was not established to stay forever because that will encourage bad behaviour in banks. It also has a moral hazard, which is not good for our economy and the country,” he concluded.

In response, Brigadier-General Jallo, while thanking the management of AMCON for the various presentation, which are revealing and at the same time educating said, there was need for AMCON and the defence academy to collaborate in terms of staff trainings among other areas of partnership for a mutually beneficial relationship.

He said the cadets whom he led to AMCON were part of the 68 Regular Course in Accounting Department of the NDA who were on the verge of graduating from the academy.

Aside from AMCON, he disclosed that they will visit other government Ministries, Departments and Agencies (MDAs) in four states, in line with the fulfilment of the academic requirement that demands them to be exposed to business and transactional realities, which further equips them as well-rounded cadets before their eventual graduation.

Bullish Performance Sustained on Bargain Hunting… ASI Up 53bps

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Nigerian stock exchange

The domestic equities market advanced 0.5% in yesterday’s trading session to settle at 29,347.62 points following gains in bellwether stocks – GUARANTY (+2.1%), FBNH(+6.1%) and UBA (+2.4%).

As a result, market capitalisation rose by N57.9bn to N11.0tn while YTD return moderated to -6.6%. However, activity level weakened as volume and value traded shed 45.5% and 18.2% to 224.0m units and N2.0bn respectively.

ZENITH (45.4m units), LASACO (42.3m units) and ACCESS (21.7m units) were the top trades by volume while ZENITH (N927.7m), GUARANTY (N376.9m) and STANBIC (N135.3m) led the top trades by value.

Mixed Sector Performance
Performance across sectors was mixed as 3 of the 5 indices under our coverage trended northwards while 1 closed flat.

The Insurance index led advancers, up 1.9% following bargain hunting in NEM (+10.0%) and NIGERINS (+10.0%). The Banking and Industrial Goods indices trailed, appreciating by 1.1% and 0.8% respectively on the back of buying interest in GUARANTY (+2.1%), FBNH (+6.1%), UBA (+2.4%) and WAPCO (+3.9%) while the Oil & Gas index closed flat for the second consecutive trading session despite profit taking in ETERNA (-8.1%).

On the flip side, the Consumer Goods index fell 0.1% on account of losses in PZ (-9.7%) and DANGFLOUR (-5.9%).

Investor Sentiment Strengthens
Investor sentiment as measured by market breadth (advance/decline ratio) strengthened to 2.1x from 1.3x recorded in the previous trading session as 15 stocks advanced against 7 decliners. NEM (+10.0%), NIGERINS (+10.0%) and FIDELITY (+8.7%) were the best performing stocks while IKEJAHOTEL (-9.8%), ABCTRANS (-8.3%) and ETERNA (-8.0%) led decliners.

Although we witnessed bargain hunting by investors during mid-week, we still maintain an overall bearish outlook in the near term.

NCC Ready for 70% Broadband Penetration in Nigeria – Danbatta

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Prof. Umar Danbatta Executive Vice-Chairman Nigerian Communications Commission
Prof. Umar Danbatta Executive Vice-Chairman Nigerian Communications Commission

Professor Umar Garba Danbatta, the Executive Vice-Chairman/CEO of the Nigerian Communications Commission (NCC), says the Commission is ready to drive the process of attaining 70% broadband penetration in the next couple of years, if that is set as the new target by the Federal Government.

Speaking while delivering a goodwill message   at an investment summit of Kaduna State Government, KADINVEST 4.0, Prof Danbatta, expressed optimism about the commitment of the agency toward taking the broadband penetration to the next level.

“When I was appointed EVC of NCC by President Muhammadu Buhari in 2015, broadband penetration was only 8.5 per cent. It has now risen to 33%, an equivalent of 63 million Nigerians enjoying the services. I am particularly thrilled y to see that the rising trend has not only been sustained, but the NCC is now ready to take it to the next level,” he pointed out.

Prof. Umar Danbatta Executive Vice-Chairman Nigerian Communications Commission
Prof. Umar Danbatta
Executive Vice-Chairman
Nigerian Communications Commission

It could be recalled that Nigeria attained its 30% broadband target in 2018 through measures and strategies put in place by the NCC under the leadership of Prof Danbatta, a development that has attracted industry-wide commendations.

Speaking further at the occasion, however, Danbatta also urged Fleek Network Limited, the licensed Infraco for the North West to quickly mobilise to site with a view to deploying broadband infrastructure in the region.

At least, six (6) infrastructure companies (Infracos) have been licensed by the NCC under the leadership of Prof Danbatta to drive the deployment of broadband infrastructure across the nation’s six geopolitical zones and Lagos State, which is a zone on its own due to the sheer size of its market.

The license for the north central region remaining is currently being processed.

SMILE Unveils SmileKonnect for International Data Roaming

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Smile Communication Limited has unveiled the SmileKonnect solution for international data roaming services in 85 countries around the world. The company plans to extend the data roaming service to 100 countries very soon.

Mr. Godfrey Efeurhobo, Managing Director, Smile Communications said at the launch of Smilekonnect in Lagos that the service will give travellers a seamless experience in terms of data roaming while outside the country.

Efeurhobo said the company is noted for innovation in the telecom industry in Nigeria. He added that with SmileKonnect, the average traveller is connected on the go for seamless international data experience in 85 countries.

The Smile MD said: “We have set the pace for broadband expansion in Nigeria through our unique 4G services. We believe in quality, speed and reliability and we want to reassure our customers that Smile Communication will continue to explore innovative ways to improve their experiences.”

Mr. Abdul Hafeez, the Chief Marketing Officer (CMO) of Smile Communications described SmileKonnect as the first of its kind in Nigeria. He said the service will save travellers from the the high cost of data roaming while abroad and also the hassles of changing SIM cards anytime they travel outside the country.

Hafeez who described the service as the perfect solution for local and international super fast Internet connection added that the device can connect up to five devices simultaneously.

Engr. Gbenga Adebayo, Chairman, Association of Licensed Telecommunication Operators of Nigeria (ALTON) commended Smile Communication for the milestone, saying that changes in technology has become a regular feature of the telecom market in Nigeria and elsewhere.

Adebayo called on the Nigerian Communications Commission (NCC) to come up with a data floor plan for the industry as small players are finding it difficult to compete with big operators in the market.

Mr. Teniola, President, Association of Telecommunication Companies of Nigeria (ATCON) equally praised the SmileKonnect initiative by Smile Communication. He added that the telecom market in Nigeria needs such level of innovation to generate sustainable growth.