" ITREALMS: 2017-07-09

Saturday, July 15, 2017

Monsignor Patrick Somide passes on @97 years

Monsignor Patrick Somide has passed on Thursday night, 13th July, 2017 at the age of 97 years, reports ITRealms.

Until his death, Monsignor Patrick Somide was in-residence at the Catholic Church of the Resurrection, Magodo in Lagos Diocese.

ITRealms that his remain has been deposited in the mogue and full funeral programme would be announced later.

Also, ITRealms gathered that before moving to Church of Resurrection Magodo, Monsignor Somide had spent some 17 years in St. Agnes Catholic Church, Maryland, Lagos.

Nonye Dom
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VAIDS, golden opportunity for Nigerians to regularize taxes

The introduction of the Voluntary Assets and Income Declaration Scheme (VAIDS) has been described as a golden opportunity for Nigerian companies and entrepreneurs to regularise their taxes, says the Regional Director, Sage West Africa, Mr. Magnus Nmonwu, reports ITRealms.

The scheme, ITRealms recalls would run from 1 July 2017 to 31 March 2018.

 According to him, the scheme gives taxpayers an opportunity to voluntarily declare all previously undisclosed assets and income, and thereby regularise their taxes.

The Nigerian companies and entrepreneurs, he said, who do not have their tax affairs in order should act now to take advantage of VAIDS.

“It gives taxpayers an opportunity to voluntarily declare all previously undisclosed assets and income, and thereby regularise their affairs. VAIDS applies to all taxpaying entities; individuals, companies, executors, trusts, partnerships and so on and encompasses most tax categories, including company income, personal income, capital gains, Value Added Tax (VAT) and stamp duty.

This scheme, he pointed out is implemented by the Federal Inland Revenue Service (FIRS) in collaboration with the State tax authorities, and aimed at increasing Nigeria’s tax base, improve the tax collection to Gross Domestic Product (GDP) ratio and clamp down non-compliance.

“This is a perfect opportunity to come clean for people and companies who have under-declared or failed to declare their assets and income,” he said, stressing that when the window closes on 31 March, 2018, companies and individuals that do not have their tax affairs in order may be subject to stringent penalties, punitive interest and even criminal prosecution.

“They may be named and shamed in a register of tax evaders, harming their personal and business reputations,” he said.

Further, Nmonwu said that the first step to compliance is getting business’s books in order, irrespective of whether they are running a registered company, earning freelance income or working in a partnership. The right accounting and payroll software can make it simpler to report accurately on revenue and expenses and to streamline tax submissions.

“Spreadsheets and other manual methods are no longer sufficient to keep up with the growing complexity of today’s tax environment. Automated software can streamline capturing of transactions, automate payroll calculations, processes and improve visibility into the business so you can comply more easily.

“It can also help you stay on top of annual changes to tax regulations that impact on payroll tax calculations and various changes in legislation. What’s more, the ability to generate tax certificates, reports and electronic payslips with the click of a button is a major time-saver,” he said.

Emphasisting that Nigeria’s federal and state governments are eager to expand their tax bases, and are investing heavily in modernising and streamlining tax administration.


“Companies can no longer risk non-payment of tax or incorrect remittances of taxes to the relevant government agencies, whether the reason is deliberate evasion or an accidental oversight,” Magnus Nmonwu.

Chuks Egbune/GEE
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What Pope Francis told Heads of government @G20 summit 2017

Letter of His Holiness Pope Francis to Mrs. Angela Merkel, Chancellor of the Federal Republic of Germany on the occasion of the G20 Summit in Hamburg, 7-8, July 2017.
Following our recent meeting in the Vatican, and in response to your thoughtful request, I would like to offer some considerations that, together with all the Pastors of the Catholic Church, I consider important in view of the forthcoming meeting of the G20, which will gather Heads of State and of Government of the Group of major world economies and the highest authorities of the European Union.  In doing so, I follow a tradition begun by Pope Benedict XVI in April 2009 on the occasion of the London G20.  My Predecessor likewise wrote to Your Excellency in 2006, when Germany held the presidency of the European Union and the G8.

In the first place, I wish to express to you, and to the leaders assembled in Hamburg, my appreciation for the efforts being made to ensure the governability and stability of the world economy, especially with regard to financial markets, trade, fiscal problems and, more generally, a more inclusive and sustainable global economic growth (cf. G20 Leaders Communiqué, Hangzhou Summit, 5 September 2016).  As is evident from the Summit’s programme, such efforts are inseparable from the need to address ongoing conflicts and the worldwide problem of migrations.

In my Apostolic Exhortation Evangelii Gaudium, the programmatic document of my Pontificate addressed to the Catholic faithful, I proposed four principles of action for the building of fraternal, just and peaceful societies: time is greater than space; unity prevails over conflict; realities are more important than ideas; and the whole is greater than the part.  These lines of action are evidently part of the age-old wisdom of all humanity; I believe that they can also serve as an aid to reflection for the Hamburg meeting and for the assessment of its outcome.

Time is greater than space.  The gravity, complexity and interconnection of world problems is such that there can be no immediate and completely satisfying solutions. Sadly, the migration crisis, which is inseparable from the issue of poverty and exacerbated by armed conflicts, is proof of this.  It is possible, though, to set in motion processes that can offer solutions that are progressive and not traumatic, and which can lead in relatively short order to free circulation and to a settlement of persons that would be to the advantage of all.  

Nonetheless, this tension between space and time, between limit and fullness, requires an exactly contrary movement in the minds of government leaders and the powerful.  An effective solution, necessarily spread over time, will be possible only if the final objective of the process is clearly present in its planning.  In the minds and hearts of government leaders, and at every phase of the enactment of political measures, there is a need to give absolute priority to the poor, refugees, the suffering, evacuees and the excluded, without distinction of nation, race, religion or culture, and to reject armed conflicts.

At this point, I cannot fail to address to the Heads of State and of Government of the G20, and to the entire world community, a heartfelt appeal for the tragic situation in South Sudan, the Lake Chad basin, the Horn of Africa and Yemen, where thirty million people are lacking the food and water needed to survive.  

A commitment to meet these situations with urgency and to provide immediately support to those peoples will be a sign of the seriousness and sincerity of the mid-term commitment to reforming the world economy and a guarantee of its sound development.

Unity prevails over conflict.  The history of humanity, in our own day too, presents us with a vast panorama of current and potential conflicts.  War, however, is never a solution.   As the hundredth anniversary of Pope Benedict XV’s Letter to the Leaders of the Warring Peoples draws near, I feel bound to ask that the world put an end to all these “useless slaughters”.  The goal of the G20 and of other similar annual meetings is to resolve economic differences peacefully and to agree on common financial and trade rules to allow for the integral development of all, in order to implement the 2030 Agenda and the Sustainable Development Goals (cf. Communiqué of the G20 Hangzhou Summit). 

Yet that will not be possible unless all parties commit themselves to substantially reducing levels of conflict, halting the present arms race and renouncing direct or indirect involvement in conflicts, as well as agreeing to discuss sincerely and transparently all their differences.  There is a tragic contradiction and inconsistency in the apparent unity expressed in common forums on economic or social issues, and the acceptance, active or passive, of armed conflicts.

Realities are more important than ideas.  The fateful ideologies of the first half of the twentieth century have been replaced by new ideologies of absolute market autonomy and financial speculation (cf. Evangelii Gaudium, 56).  In their tragic wake, these bring exclusion, waste and even death.  The significant political and economic achievements of the past century, on the other hand, were always marked by a sound and prudent pragmatism, guided by the primacy of the human being and the attempt to integrate and coordinate diverse and at times opposed realities, on the basis of respect for each and every citizen.  I pray to God that the Hamburg Summit may be illumined by the example of those European and world leaders who consistently gave pride of place to dialogue and the quest of common solutions: Schuman, De Gasperi, Adenauer, Monnet and so many others.

The whole is greater than the part.  Problems need to be resolved concretely and with due attention to their specificity, but such solutions, to be lasting, cannot neglect a broader vision.  They must likewise consider eventual repercussions on all countries and their citizens, while respecting the views and opinions of the latter.  Here I would repeat the warning that Benedict XVI addressed to the G20 London Summit in 2009.  While it is reasonable that G20 Summits should be limited to the small number of countries that represent 90% of the production of wealth and services worldwide, this very situation must prompt the participants to a profound reflection. 

Those states and individuals whose voice is weakest on the world political scene are precisely the ones who suffer most from the harmful effects of economic crises for which they bear little or no responsibility.  This great majority, which in economic terms counts for only 10% of the whole, is the portion of humanity that has the greatest potential to contribute to the progress of everyone.  

Consequently, there is need to make constant reference to the United Nations, its programmes and associated agencies, and regional organizations, to respect and honour international treaties, and to continue promoting a multilateral approach, so that solutions can be truly universal and lasting, for the benefit of all (cf. Benedict XVI, Letter to the Honourable Gordon Brown, 30 March 2009).

I offer these considerations as a contribution to the work of the G20, with trust in the spirit of responsible solidarity that guides all those taking part.  I ask God’s blessings upon the Hamburg meeting and on every effort of the international community to shape a new era of development that is innovative, interconnected, sustainable, environmentally respectful and inclusive of all peoples and all individuals (cf. Communiqué of the G20 Hangzhou Summit). 

I take this occasion to assure Your Excellency of my high consideration and esteem.

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Friday, July 14, 2017

50 days in captivity: LASG demands unconditional release of kidnapped students

Today, marks the 50th day of the kidnapped six students abducted from the Igbonla Model College near Epe last June, reports ITRealms.

This is coming as the Lagos State Government (LASG) has demanded an unconditional release of the students from their abductors.

According to the Lagos State Attorney General and Commissioner for Justice, Mr. Adeniji Kazeem, describing it as disheartening situation for both the pupils in the school and parents of the students.

Speaking at the parade of the Baale of Shangisha, Chief Yusuf Ogundare, by the Police, for feigning his kidnap alleged to have taken place on Wednesday, July 5, 2017, decried the act.

ITRealms gathered that Chief Ogundare was purported to have been kidnapped along Center for Management Development (CMD) Road in Ikosi-Isheri in Magodo, Local Council Development Area (LCDA) of the State‎.

The Commissioner also noted that it was heartbreaking that while the State Government and security agencies were working round the clock to secure the release of the children, some unscrupulous persons deemed it fit to raise false alarm. 

ITRealms recalls that Lagos Governor, Mr. Akinwunmi Ambode has since approved the suspension of Ogundare.


The Baale was paraded by the Lagos State Police Command alongside his younger brother, Mohammed Adams for conspiracy in the kidnap saga.

Uj. N. Dominic/GEE
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Internet shutdown: New toga for African states

First quarter of 2017 saw Cameroun in the eye of the storm for Internet shutdowns in north-west and south-west region, just as it was top on agenda at the Internet Freedom Forum (IFF) writes Remmy Nweke.
Cameroun in eye of the storm:
Of late, there has been a new form of clamp down on the society and citizens particularly in the sub-Saharan Africa, latest of such crack downs being on the people of North-Western and South-Western regions of Cameroun leaving some 5 million people in the dominantly Anglophone regions, inaccessible.

Investigations by DigitalSENSE Business News showed this shutdown gave way after some 94 days without access to the Internet for these regions, which attracted lots of condemnations and petitions across the globe on the government of Cameroun led by Mr. Paul Biya, who has been on the saddle for some 35 years, amidst alleged marginalization by these regions across all shades.

At the initial protest on Internet shutdown, Biya was quoted to have declared that he is no different from other African leaders in Gabon, Ethiopia, Chad, Uganda, the Gambia, Democratic Republic of Congo, the Republic of Congo to name a few, who have used internet restriction to oppress the opposition voices against injustice and marginalization.
This was when it dawned on observing civil rights community and activists that, the shutdown style of governance may be assuming another dimension in the leadership of Africa.

#BringBackOurInternet:
Worried, a couple of Civil Society Organisations (CSOs) stakeholders globally wrote the President of Cameroon, Mr. Paul Biya and agencies in-charge of telecommunications to return Internet access to the region. A copy of the letter dated January 22 and made available to DigitalSENSE Business News by Internet Without Borders, insisted that an internet shut down is a human rights violation.

The CSOs made up of Access Now, Internet Sans Frontières, Internet Sans Frontières-Togo, Africtivistes, Cameroon Ô Bosso, implored President Biya, to restore the Internet, arguing that research has shown that internet shutdowns and violence go hand in hand, just as shutdowns disrupt the free flow of information and create a cover of darkness that allows repression to occur without scrutiny.

Frenzy shutdowns:
Disturbingly, the Republic of Cameroon would be joining an alarming global trend of government-mandated shutdowns around election issues, a practice that many African Union member governments have recently adopted as a way of governance, including:  Burundi, Congo-Brazzaville, Chad, Gabon, Egypt, Sudan, the Central African Republic, Niger, Democratic Republic of Congo, warning it must never be allowed to become the new normal. Although it will hit hard on the burgeoning digital economy, known as Cameroon’s Silicon Mountain, Buea, and plugs whole societies into fear and destabilizing the internet’s power to support small business livelihoods and drive economic development.

CRAC insists on reversal:
Still concerned with the foregoing, DigitalSENSE Africa, an At-Large Structure (ALS) at the Internet Corporation for Assigned Names and Numbers (ICANN), on behalf of African-based Cyber Rights Advocacy Coalition (CRAC), sent a letter to President Paul Biya, according to the Executive Director, Operations at DigitalSENSE Africa, Nkemdilim Nweke, describing the Internet shutdown as uncalled for in the first instance at this era of Information and Communication Technologies (ICTs) ruling the world.

"We are mostly disturbed that this shut down by the government of Cameroun under your watch, has led to disconnection and lack of Internet connectivity in two regions, at a time country like Canada a few days before proclaimed a high-speed internet, a basic service "necessary to the quality of life" of all Canadians," she said, stressing that the coalition like every forward looking organization of repute sees the future of African countries including the Republic of Cameroun and their economies, as well as efforts to largely alleviate poverty in the society; greatly depending on the availability and quality of Internet access to the citizenry at this 21st century and beyond.

… Negation of Africa’s 2063 agenda:
The coalition noted, this action not only negates the possibility of Central Africa not meeting the Africa’s target within the 2063 Agenda, but Republic of Cameroun, being adversely affected both in the infrastructure development and human capital. Soliciting as matter of urgency reversal to the order given to the service operators through the Ministry of Post and Telecommunications.

Also CRAC urged the Economic Community of Central African States (ECCAS) to quickly liaise with other regional and continental bodies to ensure a change of heart by Mr. Biya’s government. Pointing out that ECCAS intervention would send the right signal to Mr. Biya and any other African country that may be thinking on following this ugly footstep, mostly in ECCAS region to realise the essence of the Internet to today daily existence.

ECCAS was implored to initiate a roundtable diplomatic process to Mr. Biya’s government to discuss the implications of their step among other begging issues in Cameroun, Central Africa and the continent as a whole. Decrying that most African nation’s especially within ECCAS are now adopting Internet starvation against the citizens as a political weapon, lamenting that Cameroun is the 10th African country to disconnect its citizens from the Internet in recent times. Out of this figure, 7 are members of ECCAS, namely Burundi, Congo-Brazzaville, Chad, Gabon, the Central African Republic, Democratic Republic of Congo, while the rest are Egypt, Sudan, and Niger.

"Above all, the citizens access to the world should be upper most in the African leadership," CRAC said, urging for guaranteed internet access without further restriction to these two regions: South West and North West; otherwise known as Anglophone regions; reinstate commitment to keeping the internet connected and accessible, including social media to the people of Republic of Cameroun; collaborate with the African Union (AU), ECCAS in resolving whatever seemingly problem suspected to have led to the shut down in first instance; and to embrace a new slogan of ‘Internet is for everyone’ because any clamp down on one is an injury and violation of cyber rights of citizens.

Shutdown going above board:
Reacting, the Executive Director of Paradigm Initiative (PIN), Mr. ‘Gbenga Sesan, told DigitalREALMS that issue of shutdown in Africa has gone above board, hence it was top on agenda at the Internet Freedom Forum (IFF) hosted in Lagos recently by PIN, which saw stakeholders working on digital rights in Africa including the academia, civil society representatives, media, technology companies, government agencies and active citizens, assembling for a common purpose.

He underscored the fact that IFF discussed how to safeguard the digital rights and freedoms of citizens in Africa and beyond, citing the United Nations Human Rights Council (UNHRC), in its 32nd session in June 2016 had declared that “the rights that people enjoy offline should also be protected online” which is a forceful reminder to governments, telecommunications companies, civil society and all stakeholders that human rights across digital platforms must be upheld.

“As we spend more of our time online across digital platforms, protecting the same rights and freedoms people enjoy offline such as freedom of opinion, expression and association on online platforms becomes increasingly important; especially set against the background of recent Internet shutdowns, the arrests of ordinary citizens for expressing their right to freedom of expression online, the enacting of legislation which curtails free speech on digital platforms, and government mandated surveillance of citizens in Africa,” Sesan said.

92 days after:
However, some 92 days later, President Biya’s government restored connection to about 5 million people living in the anglophone regions of the country, which follows an official statement by the Minister of Communication, Issa Tchiroma Bakary. He said that the Northwest and Southwest Regions have been restored with Internet Connections due to social situation linked to the demands expressed by English-speaking lawyers' associations, extremist activists, driven by secessionist intrigues, who took the opportunity to disseminate hate messages and incite violence and abuses of all sorts.

He alleged instigation of elites which left children molested and prevented from returning to school, whereas men and women saw their daily activities disrupted, public and private buildings were burned, others were attacked, among others. Insisting that those criminal activities, fall within the scope of the law, notably the one relating to the repression of acts of terrorists, have been perpetrated for the most part via social networks.

“These information and communication technologies, essential tools of economic and social progress which benefit from the constant solicitude of the Head of State, have thus unfortunately been detoured by the enemies of the republic,” Bakary said.

States & public order:
Also, the minister said that in such circumstances, the public authorities had an imperative duty to restore order, to ensure the security of citizens and their property, and to guarantee the functioning of administrative services. Maintaining that the government of the Republic, had to, among other security measures suspend Internet connections in the Northwest and Southwest regions.

“Since then, the government has not stopped constantly assessing the situation on the ground. The current situation is that the North-West and South-West Regions have been living in remarkable calm for several weeks,” part of the press statement read.

The Cameroonian people, Bakary said, is attached to the unity of the country and living together, thus have once again shown its great maturity. “The important steps taken by the Government to respond favorably to the legitimate concerns of English-speaking lawyers and teachers, as well as the creation of the National Commission for the Promotion of Bilingualism and Multiculturalism, of the national territory,” Bakary said.

Reversal imperative:
Therefore, he said, it appeared that the conditions underlying the provisional suspension of the Internet in this part of the national territory have changed considerably. So, the Head of State, Mr. Paul Biya, instructed the Minister in charge of Posts and Telecommunications to ask mobile operators to re-establish Internet connections in the Northwest and Southwest regions.

Also, the government urged the populations of these regions to be vigilant in order to continue to block the way for the extremists, secessionists and enemies of the Republic, emphasizing that the government of the Republic reserves the right to take, as necessary, appropriate measures to prevent the Internet from being used again to incite hatred and discord between Cameroonians or to create public disorder.

International Law:
DigitalREALMS gathered that a growing body of jurisprudence declared shutdowns to violate international law, hence, the UNHRC spoke out strongly against it. The resolution 32 of 2013, “condemns unequivocally measures to intentionally prevent or disrupt access to or dissemination of information online in violation of international human rights law and calls on all States to refrain from and cease such measures.”

The Council, DigitalREALMS also gathered, intended this clear declaration will combat the blocking and throttling of networks, applications, and services that facilitate the freedoms of expression, opinion, and access to information online. In addition, the African Commission on Human and Peoples’ Rights stated in its November 2016 Resolution on the Right to Freedom of Information and Expression on the Internet in Africa that it was “Concerned by the emerging practice of State Parties of interrupting or limiting access to telecommunication services such as the Internet, social media and messaging services, increasingly during elections.”

Sum-up:
The internet has enabled significant advances in health, education, and creativity, and it is now essential to fully realize human rights including participation in elections and access to information.

As CSOs continue to pray that shutdown of the Internet does not become a new toga for African leaders, it is important to note that a study by the Brookings Institution recently indicates that shutdowns drained $2.4 billion from the global economy last year, 2016 alone. While Cameroun alone reportedly lost $1.39m in investment and economic activities during the shutdown.

Now, who is at loss? Even though the political marginalization that paved the way for crisis in the region and subsequent shutdown is yet to be addressed. It goes to show that above all, good governance should be seen above nepotism, having in mind that as people we are stronger together.


Both the Association of African Internet Service Providers Association (AFRISPA) and African office of the Global System for Mobile Association (GSMA) must see the burgeoning threat of Internet shut downs as inimical to the growth of the continent and their industries respectively by facing it head on and possibly addressing it at the African Union (AU) level, once and for all.

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FG partially closes gap on HND, BSC dichotomy

The Federal Government (FG) may have partially closed in on the dichotomy between holders of university degrees and Higher National Diploma (HND), just as industry observers described the attempt as partial closing of the existing gaps, reports ITRealms.

This follows the outcome of the meeting of the joint board of the Nigeria Civil Defence, Fire, Immigration and Prisons on Thursday, which announced the abolition of the dichotomy in all the Services under it.

A press statement issued at the end of the meeting, ITRealms gathered the decision was said to have been taken at the end of the Board’s meeting held on July 11.

Presided over by the Minister of Interior, Lieutenant General Abdulrahman Bello Dambazau, ITRealms gathered that the Board approved the regularization of the dichotomy between holders of University degrees and Higher National Diploma in all the Services.

The board directed that all officers with HND be upgraded to COMPASS 08, which is the salary Grade Level for holders of Degree certificates at entry point.

Further, ITRealms reports that the Board said while the nomenclature for the HND holders will start with the rank of Senior Inspector, the Degree holders are with the rank of Assistant Superintendent II.

“The Board also approved the commencement of the Year 2017 Promotion Exercise for all the Services with effect from July 17, 2017,” Dambazau said.

In addition, ITRealms reports that board in order to boost internal security mechanism, approved the establishment of the Institute of Domestic Security aimed at strengthening Inter-Agency cooperation, among other functions.

However, industry observers while reacting to the development, described the decision of the joint board as partial closure to the issue of dichotomy.


They argued that although the board deserved commendation for the current step, there is still more to be done in fully regularizing the portfolio, insisting that placing HND graduates as Senior Inspector and their counterpart on Assistant Superintendent is still a disparity let alone with step II.

Uj. N. Dominic/GEE

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Financing confab to take creative industry into golden era

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Creative Industry Financing Conference, scheduled to hold 17-18 July 2017, will take the industry into a golden era of smooth access to short and long term financing, world class management as well as local and international distribution, reports ITRealms.

Special Assistant to Hon. Minister of Information and Culture, Segun Adeyemi quoted the Minister as speaking in Lagos on Thursday, at a press conference formally announced the event, which the Federal Ministry of Information and Culture is organizing in conjunction with the Think Tank Media and Advertising.

He said the two-day conference was conceived ''because of our realization that lack of access to financing is stunting the growth of the Creative Industry''

Alhaji Mohammed recalled that the conference is the latest in a series of conferences and other events that have been held by the ministry to boost the industry, citing others as the National Summit on Culture and Tourism held last year to chart the path for the industry, the Roundtable on the Creative Industry held in Lagos last Monday and the MoUs with the Bank of Industry, Tony Elumelu Foundation and the British Council.

''As you are undoubtedly aware, this Administration attaches a whole lot of importance to the Creative Industry. This is in line with its cardinal programme of diversifying the economy away from oil,'' he said, adding: ''There is no better demonstration of the high priority given to the Creative Industry than the fact that the Acting President, Prof. Yemi Osinbajo, himself will declare open the Creative Industry Financing Conference.''

The Minister said the overall essence of the Ministry's efforts is to transform the Creative Industry to a Creative Economy.

''We also believe that this transformation must be driven by the private sector, with the government providing the enabling environment,'' he said.

Ayo Midele/GEE
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Thursday, July 13, 2017

Oniha: New kid on the block @DMO

The economy of Nigeria is set to be exposed to a fresh chapter of growth and development that will be as challenging as it will be rewarding with the appointment of Ms. Patience Oniha as the new Director-General of the Debt Management Office (DMO), the agency of government put in place to oversee and manage public debt.

Ms. Oniha began her career at Icon Limited Merchant Bankers in 1986, during which time she rose to the position of a Manager, before joining First Securities Discount House Limited (now FSDH Merchant Bank Ltd.) as a pioneer staff in 1992. She rose to the position of General Manager/Director before joining Ecobank Nigeria Limited in 2000. Between 2004 – 2008, Ms. Oniha was in Standard Chartered Bank Nigeria Ltd. as a General Manager.

After a fulfilling career in the banking sector spanning over 22 years, she left after acquiring skills in Credit, Marketing, Treasury and Investment Banking.  Ms. Oniha made a career move to the public sectors when she joined the DMO in 2008 as Director, Market Development Department. In this capacity, Ms. Oniha brought her banking experience to bear on various aspects of the DMO’s activities.

Amongst her achievements during her 8 years at the DMO was the introduction of Benchmark Bonds to develop the domestic bond market in order to improve liquidity and to create a sovereign yield curve which created opportunities for State Governments, Multilaterals and corporates to raise long term funds. 

The purpose behind this drive was to create a debt capital market where the public and private sectors can access long term funds to finance Nigeria’s growth and development. For sustainable development of the debt capital market, she actively engaged with local and foreign investors, regulators and other stakeholders to develop a large and diversified investor base for FGN Securities and Bonds issued by other borrowers.

Oniha recorded quite a number of “firsts” during her time in DMO as she managed the successful issuance of Nigeria’s debut USD500 million Eurobond in January 2011. The debut Eurobond opened a new source of funding for the Federal Government and Corporates. 

Thus, it was not a surprise when in 2013, she also managed the issuance of the dual-tranche USD1 billion Eurobond which was subscribed to the tune of about 400 per cent. A number of Nigerian banks also tapped into this funding window by issuing Eurobonds. She was also responsible for the inclusion of FGN Bonds in the J.P. Morgan Government Bond Index – Emerging Markets (GBI – EM) in October 2012 which made Nigeria the second country in Africa, after South Africa to have its local currency sovereign bond included in the Index. The inclusion of FGN bonds in this Index attracted foreign investors to the domestic bond market as a whole. This was followed by the inclusion of FGN Bonds in the Barclays Capital Emerging Markets – Local Currency Government Bond Index (EM – LCBI) in March 2013.

While still at the DMO, Ms. Oniha was appointed as pioneer Head of the Efficiency Unit at the Federal Ministry of Finance. To execute the mandate of the Unit which was to moderate government’s Overhead Expenditure and generate savings from the procurement process, Ms. Oniha leveraged on her experience and global best practice to introduce a number of initiatives. Amongst them were the issuance of 7 Circulars to control expenditure on specific Overhead items and the negotiation of discounts with airlines. These delivered savings estimated at N17 billion to the Government. She was working on the introduction of new processes for payment and procurements when she was appointed Director-General of DMO with effect from July 1, 2017.

This lady of distinction bagged a B.Sc. Economics, First Class Honours from the University of Benin in 1983 and went on to earn an M.Sc. Finance from the University of Lagos in 1985. She widened her scope and horizon by becoming a member of the Institute of Chartered Accountants of Nigeria in 1990 and a Fellow in 2008. Ms. Oniha is also an Associate Member of the Chartered Institute of Taxation of Nigeria.

In recognition of her antecedents and as a resourceful and result oriented person, the news of her appointment was welcomed by Stakeholders with statements such as: Since your student days, it was clear to those of us who knew you that you were destined to excel in Scholarship, Career, Profession and be a great woman of distinction; 

Congratulations on this well-deserved appointment and for flying the flag for us women; This is a most well deserved promotion. Well done; You truly distinguished yourself at the Efficiency Unit; The Country will benefit immensely from your tenure; I thank God for the excellent spirit and service you have been rendering; I definitely know you will serve the country better once more; Your appointment was indeed expected, having been part of the success story of the DMO. I must also commend you on your numerous achievements during your stay as the Head, Efficiency Unit of the Finance Ministry. The foundation you have built will serve as a template to be adopted by State, Local and other arms of government.

Oniha’s performance at the DMO between 2008 and 2015 are a testament to her hard work and dedication towards the betterment of Nigeria. Her emergence as Director-General, Debt Management Office, recognizes her professional knowledge, notable focus and bold, unassuming approach - qualities needed to provide critical leadership to a hugely important agency in a period where growth and development need to be achieved in spite of economic challenges facing the country.


*Courtesy Abimbola Johnson whowrote in from Channelkoos.com
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Pix: Ms. Patience Oniha, new Director-General, Debt Management Office, Nigeria

Authentic: Etisalat Nigeria is now 9mobile

ITRealms:
The Emerging Markets Telecommunication Services Limited (EMTS), trading as Etisalat Nigeria has proclaimed a change of name to the brand, to be known now as 9mobile, reports ITRealms.

EMTS also revealed Thursday that the latest change would not affect negatively on customers of else while Etisalat or operations in the country.

Sources close to EMTS management, while confirming this development, said that the change was part of efforts to fast-track the pace of effort at stabilizing the telecom operator in the past week over takeover by some 13 banking institutions in Nigeria led by Access Bank Plc.

ITRealms gathered that the new name emerged after some two-hour marathon debate resulting in its adoption by majority of the new board led by Dr. Joseph Nnanna.

Equally, ITRealms gathered, the name ‘9Mobile’ is being communicated to all staff across the country as at the time of going to the press.

Etisalat Nigeria until its recent financial crisis prides itself as having some 21 million subscribers and counts as the forth mobile operator with over 14 per cent market share in the nation’s telecom sector.


Chuks Egbune/GEE
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WorldRemit, Huawei partner on international money transfer

ITRealms:
Leading digital money transfer service WorldRemit and Huawei have announced a partnership making WorldRemit’s international money transfer service available to all partners of Huawei’s mobile money service platform across Africa.

The partnership, which was announced at the GSMA’s Mobile 360 conference in Dar es Salaam, enables Huawei to add a ready-made solution for remittances - a growing mobile money product offering - to its existing suite of services. By enabling WorldRemit to connect to over 100 million mobile accounts currently using Huawei’s platform, the deal will improve access to mobile money remittance for millions of people.

WorldRemit is the first international remittance company to partner directly with Huawei. The deal is expected to accelerate WorldRemit’s technical integrations with new mobile money operators. Technical integration is frequently a barrier to offering international remittances for mobile network operators (MNO’s), according to the GSMA. Together, WorldRemit and Huawei are lowering that barrier, enabling all Huawei partners to swiftly switch on this service.

“International remittance is a very important mobile money service in Africa, and our partnership with WorldRemit will bring international remittances directly to Huawei’s customers across the continent,” said David Chen, VP of Huawei Southern Africa. “Huawei is committed to providing advanced mobile money platforms and technologies to global mobile money operators.”

Ismail Ahmed, Founder & CEO of WorldRemit, said: “We are delighted to add our remittance offering to Huawei’s extensive range of services for mobile money providers. By making it easier to connect to our service, our partnership will accelerate our ability to introduce our safe, fast and low-cost remittance service to millions of people.”


Ayo Midele/GEE
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Commendation galore for Dickson on infrastructural development

Former Head of State, Gen. Yakubu Gowon has lauded the Bayelsa State Governor, Hon. Henry Seriake Dickson for his commitment to infrastructural development and the building bridges of unity across the country.

Gen. Gowon, who made the commendation at the official commissioning of the new Governor’s office complex in Government House, Yenagoa, described the edifice as exceptionally beautiful.

 He congratulated Governor Dickson on the successful completion of the magnificent complex, noting that, his visit to Bayelsa has confirmed reports concerning the Governor’s commitment to consolidate on the achievements of his predecessors.

According to Gen. Gowon, the completion of projects and promotion of the people’s wellbeing are the hallmark of good governance and therefore, urged the Governor to continually carry everybody along irrespective of political affiliation. 

Recounting his experiences as Head of State, he acknowledged the roles of Major Isaac Boro and Chief Harold Dappa Biriye and expressed gratitude to the people of old Rivers State for their unflinching support to his government and the unity of the country.

 In his remarks, Governor Seriake Dickson described Gen. Gowon as a father of the nation, who has contributed tremendously to the unity and the progress of the country, both during and after his reign as Head of State.

Governor Dickson, who noted that, his administration has in the last 5 years, embarked on a silent revolution to turn around the fortunes of the state, promised to do more even in the face of the prevailing economic challenges.

He said the commissioning of the edifice marks the beginning of the unveiling of the new Bayelsa, where excellence in education, health, security and other critical infrastructure would be pursued with renewed vigor. 

Also speaking, the Chairman of the occasion, Chief Edwin Clark also congratulated Governor Dickson for his developmental strides, describing the new office as the best in the country.

 The Ijaw national leader used the opportunity to restate the need for the country to be restructured to give both minority and majority groups a sense of belonging to enhance national security and development.

 In his speech, the chairman of the state Traditional Rulers Council, King Alfred Diete Spiff, noted that, the Ijaws in Bayelsa would not have witnessed the level of development, if it had not been for the benevolence of Gen. Gowon, who created the old Rivers state from which Bayelsa was carved out in 1996.

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