4 reasons OPEC will struggle to boost oil prices

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Read Time:2 Minute, 56 Second

The world’s major oil producers are meeting in Algeria this week, trying again to find a way of pushing prices higher.

Despite signs of a growing willingness to cut a deal to restrain supply, they have a mountain to climb. Here are four reasons why they’ll struggle.

 Crude oil prices are low because the market is massively oversupplied. Big producers led by Saudi Arabia have been pumping near record amounts of crude for the last two years, trying to defend their market share by squeezing out higher cost producers such as the U.S.

This oversupply has caused prices to drop by about 60% since 2014 and slowed production in the U.S.

But the strategy is proving painful. Low prices have put a serious strain on the budgets of countries such as Nigeria, Saudi Arabia and Russia, whose government finances depend on energy exports.

They want prices to go up and they know the only way to do that is for oil production to drop. That’s why they’ve been trying to negotiate coordinated production cuts for the past year. With absolutely no success so far.

2. Freezing output is not enough

Agreeing to freeze output at current levels might sound like a good compromise if a deal to cut supply proves impossible to reach. But it’s unlikely to help, because producers are already pumping out record amounts.

 In fact, production is rising, with Saudi-led OPEC pumping out over 33 million barrels of crude oil per day in August, around the highest level ever. Russia, which is not a member of OPEC, is also producing near its maximum capacity, and Nigeria and Libya have both signaled they want to raise their output for the rest of this year.

The International Energy Agency predicts the global oil glut will last well into next year, because demand for oil, particularly in Asia, is growing at a slower pace than anticipated.

3. Iran needs to be on board

The situation became even more complicated with Iran’s return to world markets earlier this year. Iran has been increasing its output since sanctions were lifted in January. The country has stated clearly that it wants to reclaim its place as one of the world’s top oil exporters.

But Saudi Arabia won’t want Iran to increase production while it is cutting back. That would mean ceding market share to its main regional rival.

 Reports emerged in the last few days that Saudi Arabia might be willing to cut production if Iran agrees to freeze its own output, but analysts are skeptical.

“There has been a consistent pattern over the last few months of OPEC ministers attempting to ‘talk up’ prices with comments about a potential output freeze deal being close…but historically most of these comments have proved to be unfounded,” wrote Tom Pugh, commodities economist at Capital Economics.

4. How do you fine tune a global market?

Even if the big oil producers somehow manage to agree a deal, they won’t want prices to go much higher. If they do, that will risk helping higher cost producers — such as some U.S. shale firms — get back in the game.

Most shale producers need prices above $60 per barrel for their operations to be profitable.

Olivier Jakob, oil analyst and managing director at oil research group Petromatrix, said OPEC countries are unlikely to want prices to go above that level, because of fears it could lead to even bigger oil glut.

And then all that hard work would be undone.

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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Trump does not believe climate change is man made

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Read Time:1 Minute, 41 Second

(CNN)Donald Trump’s campaign manager said Tuesday the candidate does not believe climate change is man-made, a day after his previous statements on the issue were scrutinized at the first presidential debate.
“He believes that global warming is naturally occurring,” Kellyanne Conway told CNN’s Alisyn Camerota on CNN’s “New Day.” “There are shifts naturally occurring.”
When Camerota followed up to ask specifically if that means that Trump believes that climate change is not man made, Conway responded, “Correct.”

At the debate Monday night in Hempstead, New York, Democratic nominee Hillary Clinton said Trump “thinks that climate change is a hoax perpetrated by the Chinese.”
“I think it’s real,” she said.The remark drew a swift rebuttal from Trump, who interrupted Clinton while denying that he ever made such a claim. But Trump has, in fact, called climate change a “hoax” repeatedly, both on Twitter and in media interviews.

In a tweet from 2012, Trump asserted that the “concept of global warming was created by and for the Chinese in order to make U.S. manufacturing non-competitive.”
But during her appearance on CNN on Tuesday, Conway stopped short of saying it is a hoax, instead repeating that Trump “believes climate change is naturally occurring.”

Trump’s stance as outlined by Conway appears at odds with his running mate Indiana Gov. Mike Pence who told CNN’s Chris Cuomo later Tuesday that humans have some “impact” on climate.
“There’s no question that — that — that the activities that take place in this country and in countries around the world have some impact on the environment and some impact on climate,” Pence said on “New Day.” “But Donald Trump and I say let’s follow the science but for heaven’s sakes, let’s not go rushing into the kind of restrictions on our economy that are putting Americans out of work.”
The scientific community has a near universal consensus that climate change is man made. Multiple scientific journals have said that 97% of climate scientists believe climate change is man made.

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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Dr Peterside Condemns the Barbaric, gruesome assassination of Ken Atsuwete

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Read Time:1 Minute, 16 Second

Dr. Peterside the current DG of NIMASA has condemned in strongest term the barbaric, nasty and heinous assassination of Barrister Ken Atsuwete in Port Harcourt, Rivers State today. The DG of NIMASA who condemned the killing in a statement today said, "this is perhaps the deadliest of several politically-motivated killings perpetrated in Rivers state in recent times."

The Statement reads: "Ken Atsuwete was a prominent human rights activist, political commentator, fiery critic of bad governance, citizen activist and most recently lawyer to Hon. Ojukaye Flag-Amachree, the APC leader held for trumped-up charges.

"Without any doubt, the killers of Ken Atsuwete were driven by the insidious objective of instilling fear in the rank of the opposition, silence every voice of reason and stifle opposition in Rivers State. The killing of Ken Atsuwete is perhaps the height of impunity which is now an everyday way of life in my home state of Rivers.

"I call on the Inspector-General of Police, Director-General of State Security Service and other national security authorities to carry out extensive investigation of this awful incident, bring the perpetrators to book and restore sanity to our dear State.

"The current government in Rivers State owes us a responsibility to protect lives and property no matter the political persuasion of who is involved.

"Indeed, I  mourn with the immediate family of Ken Atsuwete, his associates and APC political family on this needless loss of the Voice of Reason."

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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The Maritime Industry is the next big thing to happen to Nigeria – NIMASA DG

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Read Time:2 Minute, 11 Second

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has observed that the maritime industry is the next big thing that will happen to Nigeria.

Dr. Peterside who said this while hosting the President and members of the Womens’ International Shipping and Trading Association (WISTA) Nigeria who paid him a familiarization visit at the Maritime House in Lagos also expressed happiness that the women in the industry have united under a common umbrella.

The DG commended the contribution of women to the development of the Nigerian maritime industry noting that there could be no real growth for the sector if critical segments of the population like the women are excluded.

According to him, “we cannot talk about growth in the maritime industry if we exclude over 50% of those who should drive growth. By the latest statistics, women constitute over 50% of the world population. Even if you extrapolate it to Nigeria, women constitute close to 60%, I think 55% of the population in Nigeria. And so if we exclude 55% and have 44% or so compete for the available spaces, we have excluded the majority of Nigerians from the maritime industry, you cannot expect growth in the maritime industry if you exclude women.”

The DG also thanked the women for organising themselves into a strong voice and charged them to continue to contribute their quota to the development of the Nigerian maritime industry.

While pledging the Agency’s commitment to partner with WISTA Nigeria for the growth and development of the industry, Dr. Peterside observed that the Nigerian maritime industry is set for a historic growth that will be globally acknowledged.

In his words, “the maritime industry is the next big thing that will happen to Nigeria. We are a littoral state and we have all the trappings to excel in the industry and if we have our women on board we can sail to the top of the mountain.”

Earlier in her address, the President of WISTA Nigeria, Mrs. Mary Hamman acknowledged the efforts of the DG in repositioning NIMASA and the maritime industry and pledged their support for his administration.

Mrs. Hamman sought the cooperation of the Agency for some of the association’s empowerment programmes for women and children impacted by the activities of shipping and related businesses.

WISTA Nigeria is an international association of women professionals involved in the maritime industry and the logistics chain whose main aim is to foster unity amongst members and act as an advocacy group for the sustainable development of the maritime industry.

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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Education Is the Sustainable Way of Eradicating Poverty among the Young Population – Mrs. Ibim

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Read Time:2 Minute, 39 Second

Being a press statement by Mrs. Ibim Semenitari, Ag. MD/CEO, Niger Delta Development Commission, NDDC, on the occasion of the International Youth Day 2016 on Friday, August 12, 2016

Today is International Youth day, a day chosen by the United Nations to celebrate the vitality of youth through a strong awareness and advocacy. This occasion draws global attention to the plight, prospects and socio-economic challenges young people face.

The theme for this year’s celebration, “The Road to 2030: Eradicating Poverty and Achieving Sustainable Production and Consumption” comes handy as the search for sustainable goals and development intensifies. In this theme, the youth are reminded of a significant target.

Fighting poverty among young people has been brought again to the front burner with a 2030 target, but with the caveat that production and consumption must be carried out sustainably. This is to avoid building with one hand and destroying with the other.

I must say that education remains one of the most sustainable ways of eradicating poverty among the young population. This understanding drives our education and other pro-youth policies as a Commission. To achieve that, the NDDC has maintained a scholarship line that has continued to build manpower. In 2016, we upped that stride by striking the gender parity cord through instituting the Girls in Engineering, Mathematics and Science Competition, GEMS, Competition. This competition invites girls of the Niger Delta region to greater involvement in STEM-related courses. So, ahead of time, NDDC is working to position our youths in the competitive edge. We believe that our young people must occupy their slots in labour and economic markets through intense academic engagement. Here our module is that which accommodates healthy competition among the youths and challenges their potential creativity. The NDDC is raising a community of young people sharpened and horned to achieve greatness through education and mentorship. We are building a culture that redefines dignity among the youths through hard work.

As we particularly celebrate the youth and draw attention to their place in building a world of sufficiency and growth, I enjoin Niger Delta youths to queue in the re-orientation that abhors rent culture and embrace industry which NDDC is building; to emulate worthy patriots whose commitment to collective good of the region defined the shape and rhythm of the region’s geography and history. I task our youths to use this year’s celebration to engage in self-appraisal, to do a self-audit as to how they have participated in the current negatives pestering our region. We have always been proud stock whose progenitors were familiar with mutual respect and civility.

I consider this occasion critical to a rebirth to the approach our youths have adopted, especially lately, in seeking broader national inclusion. I challenge the youths in the region to use dialogue in their quest for development. Let us not destroy our future for sake of today’s agitation as that would amount to cutting the nose to spite the face

Happy International Youth Day!

Bekee Anyalewechi

SA(Media & Communication) to the Ag. Managing Director/Chief Executive Officer,

Niger Delta Development Commission, NDDC

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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TO LIVE IS TO PARTICIPATE -A Message To Youths On International Youth Day

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Read Time:5 Minute, 19 Second

Its 490 B.C. Athens is at war with Persia. Athens dispatches its fastest runner, 25-year old Pheidippidies to Sparta, to summon military help. Pheidippidies ran the 150 miles from Marathon to Sparta on foot in two days, ran back and dropped dead! The modern Marathon is run in remembrance of Pheidippidis, to honour the supreme sacrifice this youth made to save history’s first democracy. Let the Africa youth get involved and make every sacrifice necessary to save democracy in Africa.

If you are 18-35 years old, you belong to my generation. A generation of Africans and Nigerians that was birthed at the height of the military rule… we grew up amidst the sound of bugle, the punctuations of newsflashes of coup de tat and the eternal presence of soldiers on our streets. We were living witnesses to the gagging of the press, the flagrant abuse of human rights, asphyxiation of the judiciary and the rise of civil society groups. And just when we were coming to political age, when this military rule was becoming a way of life, democracy as a burst of long awaited fresh air swept across Africa. This welcomed phenomenon happened in Nigeria in 1999.

15 years after the first elections, in our generation, was held in this country one still wonders whether democracy is the answer to Africa’s perennial problems of poverty, infrastructural decay and waste of natural and human resources. Did anything really change with the advent of democracy on our shores? Did we really have a change of governance or just a change in the complexion of governance? My generation has attained adulthood and thrust into a quagmire of questions, caught up in a bloody game of thrones and initiated into the cult of blame allocation. Those who drove us into a ditch many years ago are still on the driver’s seat telling us to trust them to help us find the way. They told us we were leaders of tomorrow and when tomorrow came, we still found them there… firmly in charge,

But something must be done. We cannot sit back and wish, or curse or just pray. This generation cannot afford this. We must live… we must participate… “In the long history of the world, only a few generations have been granted the role of defending freedom in its hour of maximum danger. I do not shrink from this responsibility… I welcome it. I do not believe that any of us would exchange places with any other people or any other generation. The energy, the faith, the devotion which we bring to this endeavor will light our country and all who serve it. And the glow from that fire can truly light the world. And so, my fellow (Nigerians/Africans), ask not what your country can do for you;  ask what you can do for your country.” Let’s get involved, let’s participate.

We can no longer pretend it doesn’t matter “Those who control political power not only shape economic policies, but also own and control the levers of the economy and consequently also, the wealth of the nation”. So to survive, to live, we must participate.

Dare Babarinsa, in Newswatch Magazine of October, 1985, aptly capture the impact ZIK’s return had on politics and the anti-colonial struggles:
“Before Zik came back to Nigeria in 1934, Nigeria politics was a mere Lagos affair, with the frequent brickbats between Herbert Macaulay and his contemporaries. But Zik was to take the nation by storm. He was then only 30, heartbreakingly handsome, and with his tongue he could rouse an army into battle. The old brigade cowered before this enfant terrible, and the British Authorities fled before his very shadow.”

I think the above quote aptly describes how youth participation in politics can change the political landscape.
But today where are the young people involved in democratic governance? The average age of parliamentarians in Africa is 63 (50 years old for women parliamentarians). The pertinent question to answer is what is responsible for the low level of youth participation in democracy in Africa? Let’s examine some of these barriers:

GERONTOCRATIC CULTURE
In Africa, wisdom is usually associated with grey hairs or old age; and since leadership is something normally left for the wise, it is concluded, culturally that only the old should lead.

THE FOCUS AND QUALITY OF EDUCATION
The focus and quality of education we have in Africa doesn’t prepare the African youth to participate in democracy, thus systematically preventing young Africans from understanding and participating in democratic processes.

APATHY OF THE CHURCH
The church in Africa is not doing enough to get the youth involved in governance. Her stance most times make young people view political involvement as sinful; thus the resultant apathy from most Christian youths in Africa.

But there have to be a way forward… and we must be the ones to beat this path. There should be a value reorientation. Africa should realize that the youth can perform as a leader and that some grey hairs lack gray matter. This can be achieved through sensitization and through exemplary conduct by our young people already involved in the democratic processes of their countries.

There should be a deliberate collaboration between churches, faith based organizations and civil society and youth organizations. Churches should create programs that will enlighten young people to participate in the democratic process.

The African youth should seek for “extra education” after leaving formal school; education that is focused on bringing out the leader in him. Education and programs that deepen knowledge in democracy should be encouraged and attended by all African youths. And as the legendary Nelson Mandela said on the 15th of May 2008 in his message for “Schools for Africa Campaign”: “Education more than anything else, improves our chances of building better lives”. We must get relevant education to understand the dynamics of democracy, to get equipped with the relevant political tools to engage the political ecosystem. “For my people perish for lack of knowledge.”

To Live Is To Participate. Happy International Youth Day!

Firsts Baba Isa is a Legal Practitioner and writes from Abuja.
@firstbabaisa; 07037162029

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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Progress lies on hard work, commitment – Hon. Igbuya

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Read Time:1 Minute, 35 Second

The Speaker, Delta State House of Assembly, Rt. Hon Monday Igbuya on Saturday paid tribute to workers for their contributions to the country’s economic development. He also praised Governor Ifeanyi Okowa for creating an environment for development and growth.

In a statement in Asaba, Igbuya praised Okowa for creating jobs, promoting investment, paying workers and setting the tone and foundation for economic progress and development.

“This administration is labour friendly. Workers will continue to receive recognition and encouragement. The place of labour will continue to be side by side with the political actors and not one degree lower. The House of Assembly will give the fullest support and protection to workers’ rights” he said.

Igbuya also commended the governor for his efforts and commitment in finding sustainable solutions to the plight of unemployed youth in the state.

He urged the workers to support the administration.

“The future of Delta State is not just in the hands of the government. It is in the hands of the Parliamentary Staff Association of Nigeria (PASAN). It is in the hands of Nigeria Labour Congress (NLC). It is in the hands of Trade Union Congress of Nigeria (TUC)”

He urged workers to follow the governor’s footsteps by adhering to good governance ethics.

“Government is committed to creating jobs, wealth and ensuring a better deal for all. The PDP government is committed to giving Deltans a brighter future. I enjoin you to continue your hard work and commitment to the development of the state.

Stressing that government revenue was still too low to meet ambiguous demands, Igbuya promised to continue sorting out workers grievances.

“With your help, we can weed out ghost workers and ghost pensioners and end the stealing and wastage of public resources” he said.

Government will continue to invest in work and infrastructure” he added.

By Njamanze Fidel

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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Visa Holds Fraud Prevention Workshop in West Africa for the First Time

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Read Time:2 Minute, 19 Second

The three-day workshop shares fraud prevention best practices with clients and partners in the region

DAKAR, Senegal, February 19, 2016/ — Visa Inc. (V) (http://www.Visa.com), a global payments technology company, organized its first ever fraud prevention workshop dedicated to its West Africa-based clients and partners. Held in Dakar, the three-day workshop provided an in-depth look at the latest tools, information, and best practices for issuers and acquirers to effectively combat fraud. Workshop attendance was high, with thirty-two delegates representing 17 partner banks from eight markets in West Africa attending the workshop.

Conducted by Visa Business School, the workshop outlined the key functional areas that are critical for identifying fraud trends and neutralizing the most advanced fraud threats in the payment industry. These areas include operations, compliance programs, fraud risk management, data, merchant cardholder monitoring and loss controls. “This workshop is part of Visa’s commitment to share fraud prevention best practices and the latest technologies with our clients in West Africa, a region that is witnessing considerable growth in electronic payments driven by high rates of mobile penetration and adoption of new trends in the payments industry,” said Ismahill Diaby, Visa’s West Africa Manager. “The topic is very important as the region embarks on a journey to gain the needed tools to offer more payment options, provide financial services to underserved populations, and adapt to a fast-changing payments environment.”

With decades of expertise and practical payments experience gained across every continent in the world, Visa Business School is uniquely positioned to deliver fresh insights, relevant strategies, and best practices across a wide range of payment topics. The school consists of Visa specialists who work every day with clients in the industry, as well as a select group of external industry experts who can offer additional insights into the most topical trends and payment techniques.

Distributed by APO (African Press Organization) on behalf of Visa Inc..

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About Visa Inc.

Visa Inc. (NYSE: V) (http://www.Visa.com) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit www.VisaMiddleEast.com

SOURCE
Visa Inc.

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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Nyesom Wike’s Unbecoming Threat to Inec, Others

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Read Time:6 Minute, 31 Second

THE 2015 GOVERNORSHIP CANDIDATE OF THE APC, RIVERS STATE, DR. DAKUKU ADOL PETERSIDE, ISSUED AT A PRESS CONFERENCE THAT TOOK PLACE AT THE STATE PARTY SECRETARIAT, OLD GRA, PORT HARCOURT ON TUESDAY, 9TH FEBRUARY, 2016.

INTRODUCTION

You will recall that on Wednesday, January 27, 2016 the Nigerian Supreme Court handed down judgment on the Rivers State Governorship matter. In that judgment, the apex court upheld the appeal by Gov. Nyesom Wike against the earlier decisions by the Rivers State Governorship Election Petition Tribunal and the Appeal Court which concurrently annulled Nyesom Wike’s election as governor.

NYESOM WIKE’S UNBECOMING THREAT TO INEC, OTHERS

Consequent upon the judgment by the Supreme Court, I, the APC Governorship Candidate, Dr. Dakuku Adol Peterside, despite receiving the judgment with mixed feelings, came out to publicly announce my unreserved acceptance of the verdict. However, a few days later, the Governor, while addressing Civil Servants in Port Harcourt exhibited unconscionable indiscretion of the highest order by re-echoing his earlier incendiary statements threatening INEC personnel with death over the forthcoming National and State Assemblies rerun elections. He said, “Anyone who plans to rig an election is an armed robber and should be treated as such. If you are coming to rig an election in the state, first prepare your will before embarking on the journey. Inform your wife or husband and go ahead to say your last prayer.”

The above statement by Gov. Nyesom Wike confirms his earlier threat last December while commenting on the rerun elections in Rivers State. Then he had stated, “We are not afraid of any re-run at all. But we have always said if they said there should be a re-run, let it be a re-run and not to write the result. Let them bring anybody as INEC official from anywhere that wants to be funny, I wish the person must have written his Will before he comes.”

This is the most callous statement anyone can make, much more a state governor. It is a known fact that Wike promotes violence and believes so much in jungle justice but he forgets that such outlook does not have any place in a civilized society.

WIKE’S SHOCKING REVELATION ON THE SUPREME COURT JUDGMENT

Despite my acceptance and temperate public comments on the verdict of the Supreme Court on the 27th of January, 2016 Gov. Nyesom Wike, by his unguarded utterance last Sunday, seems to give credence to the pervading doubt being expressed on the judgment in public space especially in the media. Many a Nigerian continues to wonder why PDP and Gov. Wike’s supporters went on wild celebration across Rivers State as early as 9am on the day of judgment even if the actual verdict was handed down at about 6:20pm of that day. It clearly suggests that they might have been in the know of what the judgment would be long before the Supreme Court pronounced it. This is coupled with several comments especially on the social media some 3 weeks earlier such as “Thank God there will now be no need for a rerun election….. It is surely ending at the Supreme Court,” etc. etc.

Credible information confirmed that Nyesom Wike had earlier confessed to some persons of having met one of the Justices of the Supreme Court in Mbaise during an important burial, another at Owerri in a hotel and yet others in Dubai and Saudi Arabia respectively. These Justices were in the panel that decided the matter in Wike’s favour.

However, the most striking revelation by Nyesom Wike is contained in his account at the thanksgiving service last Sunday. He obviously stunned his audience and the watching world when he confessed that when it came to the Judges, Dr. Peter Odili and the wife Justice Mary Odili [a Justice of the Supreme Court] were his advisers. This simply confirmed his earlier statements that he had contact with the Justices after several attempts to reach the Chief Justice of the country failed. It is therefore obvious that the decision of the Supreme Court on the Rivers State Election was not a product of justice but rather a product of compromise and orchestrated contrivance to legalise electoral violence and rigging and, in turn, reward injustice. This calls for serious introspection by our Judiciary and judicial officers.

For the records, in his speech at the church service, Gov. Nyesom Wike probably forgot that he was on live telecast when he stated: “Let me thank our former governor, Dr. Peter Odili [husband of Supreme Court Justice, Mary Odili]. He will call me midnight to tell me what to do….he will say ‘go so so place.’ I took all his advice, and here we are today.” This shocking confession needs no further explanation except for you and other decent Nigerians to further make your fair conclusions.

THREAT OF BLOOD FLOWING WERE THERE TO BE A GOVERNORSHIP RERUN ELECTION

Still speaking at the thanksgiving service, Nyesom Wike said that he would not have given up if the verdict did not end in his favour. He said that through the ruling, the apex court helped in preventing bloodshed in Rivers State.

Hear him: “Blood would have flowed if the election was going to hold again….So, I called some people including the Chairman of PDP, Uche Secondus, that I was not going to run again. They said why and I explained that if I did, many people would die.”

These voluntary confessions made by Gov. Nyesom Wike confirm beyond doubt that Nyesom Wike was obviously behind the orgy of violence during the last elections. He funded and sponsored it. Juxtaposed with his recent threats, it is obvious Nyesom Wike thinks he can dare the state and people of Rivers state and will always get away with reward of visiting violence on innocent people.

WIKE MUST STOP INSULTING MR PRESIDENT AND DENIGRATING THE NIGERIAN MILITARY

Continuing on his verbal incontinence at the church service, Nyesom Wike lampooned President Muhammadu Buhari and the Nigerian military. He dared President Buhari thus: “If you like bring your Boko Haram soldiers to Rivers State, I will enter INEC office on election day [National and State Assembly rerun elections), let me see who will push me out.”

This kind of statement typifies the persona of Gov. Nyesom Wike as someone lacking in respect, patriotism and character of being a councillor much more a state governor in the Federal Republic of Nigeria.

Let me draw the attention of Nyesom Wike to the fact that it is most callous of him to demonstrate such level of denigration on the gallant officers and men of the Nigerian military who are putting their lives at risk every other day to safeguard the Nigeria state and citizens when he referred to them as Boko Haram soldiers. I vehemently condemn such display of verbal indiscretion against Mr. President and the Nigerian military.

It is noteworthy that Gov. Nyesom Wike has vowed to fight corruption his own way than support the anti-graft campaign of the Buhari administration. According to Wike: “We would not support the fight against corruption; we would not take anybody to the EFCC because I know what would happen.”

Gentlemen of the press, I decided to bring these unfolding events to the attention of Rivers people, Nigerians and the world through you so that the grim situation starring us in the face in Rivers State under the administration of Chief Nyesom Wike can better be understood by all. I thank you for your attention.

Hon. Dakuku Adol Peterside, PhD

APC 2015 Governorship Candidate
Rivers State

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Anthony-Claret Ifeanyi Onwutalobi

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MTN Nigeria selects Gemalto for first commercial rollout of GSMA Mobile Connect authentication service

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Read Time:3 Minute, 32 Second

Universal SIM-based digital identity solution will improve security and convenience in the online economy

JOHANNESBURG, South Africa, France, February 10, 2016/ — Gemalto (Euronext NL0000400653 GTO) (www.Gemalto.com), the world leader in digital security, has been selected to provide its LinqUs Mobile ID platform to MTN Nigeria. This new project, operated for MTN in SaaS mode by Gemalto Allynis Services, marks the first commercial rollout of SIM based services delivering convenient mobile authentication for all mobile users. Compliant with the latest GSMA standards, Mobile Connect, ‘MTN Token’ is available immediately to MTN Nigeria’s 70 million subscribers and positions the operator as the country’s foremost provider of secure digital identification and authentication.

MTN Token offers their users a universal digital ID combined with a mobile-based second factor authentication, for easy and secure web service access, payments and financial transactions validation. When using MTN Token for eCommerce, banking, insurance, ePublic and corporate networks services, the user’s mobile phone number is employed as the username. Depending on the level of protection required by the service provider, the process is completed by simply pressing OK on the handset, or entering a unique user-selected PIN code.

Any service provider in Nigeria can now easily adopt MTN Token services to dramatically strengthen protection of online services against identity theft and cybercrime. It also enables the operator to offer a convenient digital journey to its customers, removing complex registration and log-in processes, while sparing them the hassle of remembering new username/password combinations.

MTN Token leverages the secure SIM vault, creating a trusted environment for sensitive data and transactions, without the initial infrastructure investment required by in-house implementations.

“With the launch of MTN Token, we are the first private provider of secure online identity and positioned as a warrant of digital ID and authentication in Nigeria,” said A’isha Umar Mumuni, General Manager, Products & Innovation at MTN Nigeria. “As our network of service providers adopting MTN Token grows, the solution will deliver significant reductions in fraud whilst easing the frustration often experienced by consumers on their digital journeys.”

“The long-established partnership between MTN Nigeria and Gemalto is the perfect foundation for this ground-breaking project,” said Eric Claudel, President for Middle East & Africa at Gemalto. “Bridging the gap between security and convenience, Mobile Connect represents the future of user authentication. It also fully supports operators in monetizing new value added services”.

Distributed by APO (African Press Organization) on behalf of Gemalto.

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Gemalto media contacts:

Kristel Teyras
Middle East & Africa
+33 1 55 01 57 89
kristel.teyras@gemalto.com

Philippe Benitez
North America
+1 512 257 3869
philippe.benitez@gemalto.com

Peggy Edoire
Europe & CIS
+33 4 42 36 45 40
peggy.edoire@gemalto.com

Vivian Liang
大中华地区 (Greater China)
+86 1059373046
vivian.liang@gemalto.com

Ernesto Haikewitsch
Latin America
+55 11 5105 9220
ernesto.haikewitsch@gemalto.com

Shintaro Suzuki
Asia Pacific
+65 6317 8266
shintaro.suzuki@gemalto.com

About Gemalto

Gemalto (Euronext NL0000400653 GTO) (www.Gemalto.com) is the world leader in digital security, with 2014 annual revenues of €2.5 billion and blue-chip customers in over 180 countries.

Gemalto helps people trust one another in an increasingly connected digital world. Billions of people want better lifestyles, smarter living environments, and the freedom to communicate, shop, travel, bank, entertain and work – anytime, everywhere – in ways that are enjoyable and safe. In this fast moving mobile and digital environment, we enable companies and administrations to offer a wide range of trusted and convenient services by securing financial transactions, mobile services, public and private clouds, eHealthcare systems, access to eGovernment services, the Internet and internet-of-things and transport ticketing systems.

Gemalto’s unique technology portfolio – from advanced cryptographic software embedded in a variety of familiar objects, to highly robust and scalable back-office platforms for authentication, encryption and digital credential management – is delivered by our world-class service teams. Our 14,000 employees operate out of 99 offices, 34 personalization and data centers, and 24 research and software development centers located in 46 countries.

For more information visit www.gemalto.com, www.justaskgemalto.com, blog.gemalto.com, or follow @gemalto on Twitter.

SOURCE
Gemalto

About Post Author

Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
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