Sunday, 19 November 2017

ABUJA – The Abuja Division of the Federal High Court, Friday, sacked the National Secretary of the Peoples Democratic Party, PDP, and former Governor of Osun State, Prince Olagunsoye Oyinlola, from office.

Oyinlola was ordered to vacate the office after the high court presided by Justice Abdul Kafarati, held that there was merit in a suit that was entered against him by Chieftains of the party in Ogun State.

The state chapter of the PDP led by its Chairman and Secretary, Chief Adebayo Dayo and Semiu Sodipo, had in their suit, alleged that Oyinlola emerged as the national scribe of the party through a kangaroo process, they said was perfected by former President Olusegun Obasanjo and former National Vice Chairman, PDP South West, Alhaji Tajudeen Oladipo.

They argued that in view of two separate judgments of a Federal High Court in Lagos that nullified the South West Zonal congress that produced Oyinlola as candidate, his continued stay in office was illegal, null and void since his candidacy was annulled ab-initio, contending that “something cannot be built on nothing.”

Consequently, the plaintiffs had through their counsel, Dr. Amaechi Nwaiwu, SAN,  asked the court : “Whether the candidacy of Oyinlola as a nominee of the South West Zonal Chapter of the PDP and his consequent election to the office of National Secretary at the National Convention in March 2012 were not invalid, null and void by reason of the order and judgment of the Federal High Court made respectively on the 27th of April 2012 in suit no FHC/L/CS/282/2012 and 2nd May 2012 in suit no FHC/L/CS/347/2012 nullifying the South West zonal congress of March 2012 from where Oyinlola emerged or ought to have emerged.”


Friday, 11 January 2013 19:26

Pastor Okotie rules out future marriage

Twice divorced flamboyant Lagos pastor, Chris Okotie, has ruled out getting married in future.
Okotie dropped the hint Wednesday during the evening service at his Oregun, Lagos-based Household of God Church, southwest Nigeria.

According to a statement from the church, Okotie decided to lay to rest speculations about his desire to get married in future.

This has been the subject of media controversy since his separation from his former wife, Stephanie Henshaw last year.

“Taking cognisance of the wide media interest that this issue is likely to generate, we decided to make this statement to pre-empt mischief makers from distorting the facts.

“His decision not to remarry is final and irrevocable, having already settled the matter with the Lord Jesus Christ.”

The pastor assured his well wishers, friends and numerous supporters around the world that he is completely at peace with himself and his God in arriving at the historic decision.

Okotie got married to Stephanie, who is also a member of his church, in 2008 after he had separated from his first wife, Tina, due to unresolved issues that were not disclosed.

Tina is now living in the United States of America. But controversy had trailed his marriage to Stephanie, a widow and mother of three.

The marriage between them started during a thanksgiving service held in his church on 10 August, 2008.

Ever since he dissolved his second marriage to Stephanie mid-last year, there have been different stories swirling around him. And one of such,was that the serial presidential contender would be getting married for the third time last December.

But the latest message has negated such speculation.


In a dramatic twist suggestive of  renewed confidence in the nation’s capital market, domestic investors have increased their stake in the Nigerian equities market with a new figure of 40.1 percent of stock market transactions, leaving 59.9 percent for foreign portfolio investors. Stock market transactions include purchases and sales of shares.

This is against a control structure of 30:70 ratio in favour of foreign investors. Analysts said last night that the development depicts greater confidence in the market which has been experiencing appreciation in terms of Index and Market Capitalisation.

The Nigerian Stock Exchange (NSE) in its latest report stated: “FPI flow, which stood at 15 percent in 2007 consistently increased over the years, to stand at 67 percent in 2011. However, between January and November 2012, we observed that domestic investors have increased their share of the market from 33.2 percent in 2011 to 40.1 percent in 2012. Domestic investors can be categorised into either institutional or retail investors.”

Emeka Madubuike, president Association of Stockbroking Houses of Nigeria (ASHON) said: “It is as a result of the fact that a lot more is done to increase market confidence. This attracts investors to equities.”

He said: “As we enter into 2013, the expectation is that more would be done  to boost market confidence, particularly the implementation of dematerialisation. Also, more needs to be done in the area of investor education because it is vital. We see a situation where potentially we should have more than 70 million local investors in the stock market.”

Also commenting on the development, Abiola Rasaq, analysts at Vevita Capital told Business Day that “It is a welcome development.” He added: “It is expected that local investors get more clarity on the market. This is a pointer to the expected market recovery.

There is a market consensus that interest rate would ease a lot towards the end of this year (third and fourth quarter 2013). This will help to reduce the rally in the fixed income market. This will help to lure investors into equities. People would like to channel funds into equities as a way of hedging the effect of lower interest rate on fixed income instruments.”

The NSE said on a monthly basis it polls trading figures from major custodians and market operators on their foreign portfolio clients. The NSE said flow of Foreign Portfolio Investments (FPI) on the Nigerian stock market (January to November 2012) showed a total of N733.04billion, representing N419.50billion (inflow) and N313.55billion (outflow).

Before now, analysts at Financial Derivates Company had expressed worries over the continued dominance of foreign investors at the Nigerian bourse, saying “the low participation of local investors is still a concern to us.”

In January 2012, the Exchange reported that foreign investors accounted for 81 percent of total inflows (purchases) on the market during 2011. During the same year, foreign investors accounted for 53 percent of total outflows (sales) recorded on the market. Consequently, total transactions by foreign investors were N847.9 billion or 67 percent out of total transaction of N1.3 trillion.

Equity transactions on the Nigerian Stock Exchange continued on a downward note Thursday, profit taking continue to take toll on the stock market, causing market capitalization to drop further by N83 billion.

Thursday, the All-share index dropped further by 261.24 points or 0.9 per cent from 28,956.83 recorded on Wednesday to 28,695.59 while market capitalization fell by N83 billion from N9,254 trillion to N9,171 trillion.

Further analysis of Thursday’s transactions showed that 27 stocks depreciated in price, as UAC-Properties topped the losers chart with 9.68 per cent to close at N12.41 per share, followed by Sterling Bank with 7.51 per cent to close at N1.97 per share.

Zenith Bank lost 6.19 per cent to close at N19.70 per share. Ashakacement and ETranzact shed 5.22 and 4.95 per cent to close at N19.61 and N3.65 per share.

Other losers include Nigerian Aviation Handling Company,

Japauloil, Ikeja Hotel, shedding 4.92,4.92 and 4.90 per cent to close at N5.99,N0.58 and N0.97 per share.

Portland Paints shed 4.90 per cent to close at N4.08 per share while Honeywell flourmill also lost 4.78 per cent to close at N2.19 per share.

On the other hand, 19 stocks constituted the gainers chart, led by Conoil with 4.98 per cent to close at N21.52 per share followed by BOC Gases, adding 4.96 per cent to close at N6.56 per share.

FO gained 4.93 per cent to close at N9.37 per share. RT Briscoe, Fidson, Eternaoil garnered  4.58, 3.60 and 3.05 per cent to close at N1.60,N1.15 and N2.70 per share.

AIICO gained 2.94 per cent to close at N0.70 per share while Stanbic IBTC added 2.59 per cent to close at N11.50 per share.

Fidelity Bank and MANSARD also gained 2.55 and 2.14 per cent to close at N2.81 and N1.91 per share.

With transactions exchanged 3,191 deals, the banking sub-sector maintained its dominance in volume terms with 261million shares worth N1.8billion followed by the conglomerates with 43 million units worth N90 million in 201 deals.

The insurance sub-sector ranked third with 25 million units worth N19 million.

A breakdown of activities in the banking sub-sector showed that the sub-sector was boosted by activities in the share of Fidelity Bank and United Bank for Africa, with 62 million shares and 61 million units worth N174 million and N346 million while the conglomerates was buoyed by activities in the shares of TransNational Corporation with 41 million units valued at N44 million.

In all, investors exchanged 407 million shares worth N3.5 billion in 6,200 deals.


Friday, 11 January 2013 03:44

EFCC quizzes Soludo over alleged bribery

• Released, to report today

• Investigators quiz CBN officials

THE Economic and Financial Crimes Commission (EFCC) Thursday arrested former Governor of the Central Bank of Nigeria (CBN) Prof. Charles Soludo in connection with the alleged Australian polymer bank notes bribery scam. But he was released last night and told to report today.

Soludo was the 2007 governorship aspirant of the People’s Democratic Party (PDP) in Anambra State.

A source close to the Head of Media and Publicity of EFCC, Wilson Uwujaren, confirmed that the former CBN governor was picked up from his residence in Wuse 2, Abuja at about 4.00 p.m.

An impeccable source within the commission said Soludo was being investigated over his alleged complicity in the bribery of CBN officials by an Australian currency mint company, Securency.

The source said Soludo was being grilled at the Operations Office of the commission at Wuse 2, Abuja, adding that he may be released on administrative bail if he co-operated with EFCC’s interrogators. It was learnt that scores of serving and former staff of CBN were also being quizzed on their alleged role in the scam.

An Australian newspaper, The Age which exposed the scam, had reported that Securency International, a company that manufactures polymer used in banknotes in 28 countries, paid kickbacks to secure polymer note printing contracts in some countries, including Nigeria. The Age claimed that N750 million was paid to bribe Nigerian officials.

Also, a subsidiary of the Reserve Bank of Australia, Securency International was said to have paid millions of dollars into the offshore bank accounts of two British-based businessmen for onward transfer to some high ranking Nigerian government officials to secure the 2006 polymer printing contract.

Uwujaren confirmed yesterday that Soludo was arrested Thursday morning and he was in the custody of the commission.

“We have Soludo in our custody and it is part of an ongoing investigation over his involvement in the award of contract and printing of polymer banknotes when he was the Governor of the CBN.”

Uwujaren did not volunteer further detail on the arrest. However, unofficial sources said close to 12 other CBN officials are were also in the commission’s custody.

The source said Soludo and his alleged co-accomplices would be arraigned as soon as investigations were concluded by the commission.    “As soon as the commission concludes its ongoing investigations and we have enough evidence, Soludo and others will be charged to court to face prosecution,” he stated.

But Uwujaren refuted claims that Soludo arrest was connected with his political difference with the Presidency.

Soludo’s arrest was triggered by a petition written by Human and Environmental Development Agenda (HEDA) in May 2012, calling on the commission to investigate a contract scam in the award of polymer banknotes printing.

According to the chairman of HEDA, Mr. Olanrewaju Suraju, HEDA’s petition demanded the investigation and possible prosecution of servicing and former government officials, particularly CBN staffers indicted in the scandal which resulted from the printing of polymer naira notes during the tenure of Soludo at the CBN between 2006 and 2008.

The petition had demanded both the EFCC and the Independent Corrupt Practices and other Related Offences Commission (ICPC) to pursue the investigation and prosecution as provided by laws establishing both commissions.


A 32-year old Nigerian pastor, Kehinde Boluwaji, has landed himself in trouble for allegedly dipping his fingers and pouring salt inside a woman’s private part under the false pretence of carrying out deliverance on her.

Boluwaji, who hails from Ondo State, Southwest Nigeria, reportedly lied to the victim, 22-year old Busola Adebayo that she was possessed of a strange spirit that will cause her untimely death if she was not delivered.

He also told Busola that the bad dreams she always had will not allow her to get a husband and when she eventually gets married, she will not get pregnant and have children.

He told her the deliverance will start from her private part to other parts of her body.

Boluwaji then invited and locked her in his one room apartment at 7, Arounmalase street, Ijeshatedo, Lagos for ‘prayer and deliverance’.

According to the victim, “he ordered me to remove my dress and pant and sit on a floor and spread my legs wide open while he was busy muttering and pretending he was praying.

“He brought out a white handkerchief and salt and first ordered me to pour it inside my private part and later joined me in doing so. He started fingering me, pretending that he was praying. He used the handkerchief and cleaned it and took it away.”

On why she did not raise an alarm, Busola said she was overwhelmed by the prophecy he told her.

She was later rescued by the victim’s friend who saw her when she entered the pastor’s room and raised an alarm. This forced the pastor to open the door and by then she was still nude.

The neigthbours descended on the pastor and battered him before the police at Ijeshatedo division rescued and took him to the station.

He was charged to a Magistrate’s Court on a two-count charge of conduct likely to cause the breach of public peace contrary to Sections 166 and 348 of the Criminal Code Laws of Lagos State of Nigeria, 2011.

Part of the charge reads: “That you pastor Kehinde Boluwaji on the same date, time and place did conduct yourself in a manner likely to cause breach of public peace by asking the victim to use salt to wash her private part.”

He pleaded not guilty.

The trial magistrate, D. T. Olatokun granted him bail in the sum of N50,000 with two sureties in like sum.

He was remanded in prison custody because nobody showed up to perfect his bail.

The matter was adjourned till 11 February, 2012.


It is very important to expressly point what brought about the Economic and Financial Crimes Commission (EFCC) investigating the Speaker of the Lagos State House of Assembly. It would be recalled that a group called The True Face of Lagos, a few years back published in The Punch and PM News detailed allegations of financial misappropriation, impropriety and maladministration against the Lagos State government led by Mr. Babatunde Raji Fashola (SAN).

The group also petitioned the EFCC and later protested at the Lagos State House of Assembly and submitted their protest letter to the speaker of the Lagos State of Assembly. The allegations were very weighty and cannot be glossed over, hence, the speaker in exercise of his constitutional mandate and wanting to authenticate the veracity or otherwise of the allegations set up a five man administrative panel as a fact finding team to unearth the knotty issues about the allegations, however, before the commission could set the ball rolling, the Lagos State Government went to court to halt the working or operation of the panel, claiming that the group that wrote the petition was faceless and to that extent, the panel cannot  investigate the genuineness of the allegations, the court granted the wishes of the Lagos State government twice, thereby putting to rest any attempt to unravel the truth about the allegations.

It is very important to note that, the attempt to get to the root of the matter by the Lagos State House of Assembly has put the speaker in the bad record of the Lagos State government, that is, Governor Fashola (BRF), the Lagos State Government claimed that the Lagos State House of Assembly wanted to upset the apple cart and reasoned that they (LSHA) ought to have turned a blind eye to the whole shebang.

It was therefore not surprising that like Mario Puzo said that, revenge is best served when it is cold, hence, when the matter seemed to have simmered down, out of the blues the EFFC which refused to investigate Governor Babatunde Raji Fashola’s government for alleged financial impropriety on the grounds that the petition was submitted by a faceless group, turned the heat on the Speaker of the Lagos State of Assembly investigating him for allegations of financial misappropriation because of a petition submitted also by a faceless group, purported sponsored by the Lagos State Government .

It would be recalled that, in 2011, when the Economic and Financial Crime Commission (EFCC) invited the Speaker, Lagos State House of Assembly for questioning, the speaker was not in the country then, but as soon as he came back to the country, he voluntarily travelled to Abuja to honour the invitation of EFCC. It was rather unfortunate that, the following day the national dailies were awash with stories that the speaker has been arrested by EFCC, but the question is, can a person who willingly, freely, without force and on his own volition went to the EFCC be said to have been arrested by the EFCC? This is clearly a misnomer.

At this juncture, it is very important to point out that, initially, when the EFCC charged the Lagos Speaker to court, the EFCC claimed that, the speaker has embezzled a whooping sum of N7 billion, which was contained in the petition that was sent to the EFCC. It is instructive to observe that, the petition in question has no names, it has no addresses, it has no telephone numbers, it has no email addresses, yet, EFCC swallowed hook, line and sinker the spurious allegations and claims contained in the petition and went to court without proper investigation, only for the EFCC to amend it charges midway into the trial, saying that, the amount in question is no longer N7 billion as earlier claimed, but N510 million and that, it is even not about embezzlement and corrupt enrichment as earlier stated, but that, the laid down procedure was not followed in collecting and using the sum of N510 million over a period of 14 months for legislative functions and activities. It is not that the money in question was stolen; it is not that the money was missing; it is not that the money was misappropriated; it is not that the money was diverted; it is not that the money was misapplied or wrongly used. So, what is really amiss?

This is the position and claim of EFCC and since the case is still before a court of competent jurisdiction, the court ought to be allowed to meticulously and carefully look at the facts and merits of the case before reaching a decision. So, why would anybody or organization be fishing for evidence to nail the speaker at all cost, even while the trail is still on? Our conscience is said to be an open wound, which only truth can heal, but some have sold their souls to the devil, and continue to pursue issues for the wrong reasons and pecuniary gains. The court of law must not only jettison these falsehoods, but it must not allow itself to be led by the nose by some ignoramus and hatchet men, who are hell-bent to cause needless confusion and acrimony in our midst. It is also on record that all the adjournments in the case, so far, were at the instance and behest of the EFCC, as it is not only ill-prepared, but desperate to nail the speaker at all cost to satisfy their senders.

The point then is how did this matter get to this stage? When the petition by THE TRUE FACE OF LAGOS was first written, it was the Dr. Muiz Banire that helped Governor Fashola to look for the judge that delivered a favourable judgement in the matter, that was why Justice Abiru was transferred from the Ikorodu Division to Ikeja Division, and his brother is today the commissioner for finance in Lagos State, and his other brothers in government are enjoying the benefit of being in the good books of Governor Fashola.

It must be noted that it was through Dr. Muiz Banire acting as a front for Governor Fashola that the EFCC became interested in investigating the speaker of the Lagos State House of Assembly; this is because his media coordinator, Femi Babafemi was also the spokesperson for EFCC under Mrs. Farida Waziri, so, it was easy to get the EFCC to be interested in the case. While Babafemi was with the EFCC, he was also handling the publicity of Banire, and he usually host the media at either Planet One in Maryland or Jades Garden the popular Chiense restaurant on Issac John, GRA, Ikeja. And, Banire has been responsible for the negative and bad publicity of the speaker. However, it must be noted that, what really pained Banire in the whole saga was that his mistress, Mrs. Funmilayo Tejuosho was removed from the management of the Lagos State House of Assembly and when the management of the House was reconstituted she was not considered or retained. So, Banire is miffed that his trusted bedmate has been sidelined in the scheme of things and saw this as a gratuitous insult.

This is a man (Banire) whose doctoral degree is even a suspect, he can hardly articulate his position on any subject-matter properly, in fact, he cannot lucidly express himself in English Language. Also, there are facts that Banire is not only a bastard, he does not know where he comes from, he cannot say categorically who his parents are, on several occasions, he has tried without success to claim Kwara state as state of origin, at some other times, he was tried Oyo and Ogun states but failed, now he claims Lagos. So where does this bull in the China shop comes from? Some claimed that he is a descendant of the Fulani cattle rearer, no wonder, he behaves like a cow.

No legitimate born Yoruba man behaves the way he does, this abbreviated figure even openly boast of sleep with married women, of particular mention is Hon. Funmilayo Tejuosho whom he claimed to have bedded several times and even have a love child for him, and he always describe her as tigress in bed that only him can handle. No wonder, most times when he talks and acts, he behaves as if he has forgotten his senses between the legs of Funmilayo Tejuosho.

This is a man, who after he left as commissioner of Environment, burnt a lot of documents to cover up his atrocities, but the diminutive character has forgotten that there are other ways of tracing his records of misdeeds, which will soon be thrown open for all to see. The cost of his several beautification contracts in Lagos are very well known, and no matter, how long the truth is hidden , one day, just one day, the truth will be revealed. It does not matter for how long falsehood is propagated, ultimately, the truth will be revealed at the end of the day.

Banire is also behind the recent misleading news that the PA to the Lagos Speaker collected N1.5 billion from an ex-banker for some transactions just to implicated the speaker and give him a bad image in the eyes of the public. Yet, it was Banire who instigated the EFCC  arrest the ex-banker who was severely tortured to implicate the Lagos, with a promise by Banire to give him N20 million and take him to where no one will be able to trace him, no wonder, the Bible says the heart of men are desperately wicked, who can know it?

It is also important to note that, when the Lagos speaker won his election, it was the same Banire that that instigated the opposition to go to court to challenge the result, when the speaker won in court again, Banire went back to the opposition insisting that they must appeal the ruling which by the grace of God the speaker won again, the question then is, is Banire a loyal party man?

This was a man who as commissioner persistently awarded contracts to girl-friends and woman-friends, a good example is the so-called beautification carried out in Ikeja GRA, after the police college down to Bishop Vikings Memorial Church and beyond, was given to a woman called Mondel, who also has a love child for Banire. The quality of job is not only very shoddy, but was over-inflated.

We must not forget the fact that, the speaker was voted for, overwhelmingly by a cross section of Lagosians, who still repose tremendous confidence in him and he enjoys the massive, humongous and prodigious support of members, staff and management of the Lagos State House of Assembly. Moreover, he has always discharged his constitutional mandate perspicaciously; hence, there is no way the case in court can vitiate his office and functions. And, this is what Banire cannot comprehend and the reason for his bellyaching. This is a so-called politician who has never contested for an elective office, he has never won an election in his life and he wants to be governor in 2015. But he has forgotten that people will remember that he is a very violent man, who armed rival youth groups in Mushin to kill themselves aimlessly while his children are schooling abroad, again the point is, does this kind of character qualify to be the next governor of Lagos State?

It is also very important that up till today, the Lagos State Government has not responded to the various allegations made by The True face of Lagos, not even once and silence they say means consent, also the EFCC has not deemed it fit to beam their searchlight on the finances of Lagos State to find out the truth of the matter including the recent iconic bridge that was constructed in Ikoyi which does not solve any traffic problem at the whopping cost of N38 billion. Is this not a case of double standard? After all, what is good for the goose is also good for the gander.

Yet, this same BRF has the temerity to ban okada, thereby creating monumental unemployment and deprivation in the state, it also created serious problem for commuters as alternatives are not provided. This is not to talk about the astronomical increase in the cost of tuition in LASU, thereby burdening the hitherto overstretched parents beyond reasonable limits,  the toll- gates he puts at Lekki is also there against the wishes of the people of the area, who are already overtaxed, but why these misanthropic policies in a so-called progressive state? What does BRF wants to be remembered for, a traitor, betrayal, confusionist, deviltry, pretender, damager or Janus-faced hypocrite? BRF is even an embarrassment to himself, a very huge disappointment to the people of Lagos State because of his rapacious acquisitive and obstinate oppressive proclivities. This is a man who before he was appointed the chief of staff to Asiwaju Bola Ahmed Tinubu in 2004 was so poor that he was putting his 14 inches television on a box in rented apartment, this was a man who only saw snow for the very first time some few years back, meaning he never travelled out of the country until he became governor. But because God has promoted and blessed him, he has completely forgotten where he was coming from. And, those that the gods wants to kill, they first made mad.

BRF has an innate hatred for the Lagos Speaker because of the quantum of information at the disposal of the speaker about the numerous atrocities of BRF’s financial recklessness in the state, BRF is not just comfortable with the speaker and he sees him as a sworn enemy, though BRF outwardly pretends as if he is friendly towards the speaker. There is no doubt that BRF is a Judas in the midst of the progressives in Lagos State. Eni to ba dale, ma bale lo!

It is also imperative to underscore the fact that, all these orchestrated campaign of calumnies against the speaker of the Lagos State House of Assembly is all about who becomes the next governor of Lagos state in 2015, and desperate political actors like Banire and his collaborators like BRF are muddling up the waters and running rings round those they view as a threat to their vaunted ambition, using elimination by substitution strategy, desperately covering up their mess, frantically running about without anyone pursuing them  and some media organizations have unfortunately become a willing tool in the hands of these demagogues and manipulators to satisfy their political subterfuge as well as narrow, selfish  vested and ignoble interests.

Nigeria have included six locally-based players in their final 23-man squad for the Africa Cup of Nations in South Africa - the greatest number in more than two decades.

"They've earned it and I look at this as an opportunity for the local players to prove themselves," Super Eagles coach Stephen Keshi told BBC Sport.

"I have belief in the players selected.

"They have been given a task to do and I'm strongly convinced they will not disappoint me."

United States-based striker Bright Dike and midfielder Raheem Lawal, who plays in Turkey, have both been dropped.

But captain Joseph Yobo (pictured) will play in his sixth finals after making the squad on the deadline day for submitting players for the tournament which kicks off on 19 January.

The party also includes two players from English Premier League side Chelsea with Victor Moses and John Mikel Obi making the final list.

Two-time winners Nigeria were held to a 0-0 draw by tournament debutants Cape Verde on Wednesday in Portugal as both sides continued their preparations.

And Keshi admitted he was left with plenty to ponder after the performance.

"Friendlies are meant to expose areas we need to work on. The second half was slightly better and lessons are learned," Keshi said.

"There were some bright moments but we still have time to quickly rectify our obvious weaknesses."

The Super Eagles will play their last warm-up against FC Rotterdam in Faro on 16 January before they depart for the tournament.

Nigeria have a point to prove in South Africa having missed the 2012 finals in Equatorial Guinea and Gabon.

Under coach Keshi, who took over in October 2011 following the sacking of Samson Siasia, Nigeria were unbeaten in 2012.

Nigeria squad:

Goalkeepers: Vincent Enyeama (Maccabi Tel Aviv, Israel), Austin Ejide (Hapoel Be'er Sheva, Israel), Chigozie Agbim (Enugu Rangers)

Defenders: Elderson Echiejile (SC Braga, Portugal), Juwon Oshaniwa (Ashdod FC, Israel), Joseph Yobo (Fenerbahce, Turkey), Efe Ambrose (Celtic, Scotland), Azubuike Egwuekwe (Warri Wolves), Kenneth Omeruo (ADO Den Haag, Netherlands), Godfrey Oboabona (Sunshine Stars)

Midfielders: John Mikel Obi (Chelsea, England), Nosa Igiebor (Real Betis, Spain), Ogenyi Onazi (|Lazio, Italy), Obiora Nwankwo (Padova, Italy), Fegor Ogude (Valerenga, Norway), Gabriel Reuben (Kano Pillars)

Forwards: Ahmed Musa ( CSKA Moscow, Russia), Emmanuel Emenike (Spartak Moscow, Russia), Victor Moses (Chelsea, England), Sunday Mba (Enugu Rangers), Ikechukwu Uche (Villarreal, Spain), Brown Ideye (Dynamo Kiev, Ukraine), Ejike Uzoenyi (Enugu Rangers)

FOLLOWING price gains recorded by major blue chip companies, especially Nestle and Total, equity transactions on the Nigerian Stock Exchange closed in an upward note Tuesday, causing market capitalization to rise further by N33 billion.

Specifically, the All-share index rose by 103.32 points or 0.3 per cent from 28,986.19 recorded on Monday to 29,089.51 while market capitalization increased by N33 billion from N9,264 trillion to N9,297 trillion.

Yesterday, Nestle topped the gainers chart with 540 kobo to close at N706.50 per share followed by Total with 161 kobo to close at N128.20 per share.

UAC-Properties added 116kobo to close at N13.22 per share.

CAP gained 100kobo to close at N29.00 per share. National Salt Company of Nigeria, Oando, Nigerian Breweries gained 73kobo,65kobo and 50kobo to close at N8.01, N13.68 and N150.50 per share.

Betaglass gained 49kobo to close at N10.47 per share while United Bank for Africa garnered 46kobo to close at N5.14 per share.

Ashaka cement also gained 43kobo to close at N18.98 per share.

However, MRS led others on the losers chart with 118kobo to close at N22.58 per share while Nigerian Bags Manufacturing Company lost 22kobo to close at N2.38 per share.

Presco shed 20 kobo to close at N22.40, Skye Bank and Morison lost 18kobo and 16kobo to close at N5.48 and N3.14 per share.

DN Meyer, Union Bank, Custodian &Allied insurance dropped 15kobo,14kobo and 13kobo to close at N1.40,N7.76 and N1.40 per share.

Diamond Bank and PharmDeko also shed 12kobo and 11kobo to close at N5.58 and N2.24 per share.

0n the activity chart, a turnover of 529 million shares worth N3.7 billion changed hands in 6,857 deals, higher than 457 million units valued at N3 billion exchanged in 5,825 deals on Monday.

Further analysis of yesterday’s transactions showed that the banking sub-sector was buoyed by activities in the shares of Unity bank with 305.1 million units valued at N2.27 billion exchanged in 3,093 deals.

The Conglomerate sector was propelled by transactions done in the shares of Transnational Corporation of Nigeria Plc closed as the second most traded in the day with 83.7 million units worth N103.7 million in 234 deals, while the Other Financial Institution sector led by FBN Holding Plc ranked third, trading 26.5 million shares worth N22.01 million exchanged in 238 deals.

Puerto Rico, officially the Commonwealth of Puerto Rico (Spanish: Estado Libre Asociado de Puerto Rico), is an unincorporated territory of the United States, located in the northeastern Caribbean, east of the Dominican Republic and west of both the United States Virgin Islands and the British Virgin Islands.

Puerto Rico (Spanish for "rich port") comprises an archipelago that includes the main island of Puerto Rico and a number of smaller islands, the largest of which are Vieques, Culebra, and Mona. The main island of Puerto Rico is the smallest by land area of the Greater Antilles. It ranks third in population among that group of four islands, which include Cuba, Hispaniola (Dominican Republic and Haiti), and Jamaica. Due to its location, Puerto Rico enjoys a tropical climate and is subject to the Atlantic hurricane season.

Originally populated for centuries by indigenous aboriginal peoples known as Tainos, the island was claimed by Christopher Columbus  for Spain during his second voyage to the Americas on November 19, 1493. Under Spanish rule, the island was colonized and the indigenous population was forced into slavery and wiped out due to, among other things, European infectious diseases. Spain possessed Puerto Rico for over 400 years, despite attempts at capture of the island by the French, Dutch, and British. In 1898, Spain ceded the archipelago, as well as the Philippines, to the United States as a result of its defeat in the Spanish-American War under the terms of the Treaty of Paris of 1898. Since then Puerto Rico has remained under United States rule.

In 1917, Puerto Ricans were granted U.S. citizenship and since 1948 have elected their own governor. In 1952 the Constitution of Puerto Rico was adopted and ratified by the electorate. A democratically elected bicameral legislature is in place but the United States Congress legislates many fundamental aspects of Puerto Rican life. The islanders may not vote in U.S. presidential elections because the territory is not a state. Official languages of the island are Spanish and English, with Spanish being the primary language.

The island's current political status, including the possibility of statehood or independence, is widely debated in Puerto Rico. In November 2012, a non-binding referendum resulted in fifty-four percent of respondents voting to reject the current status under the territorial clause of the U.S. Constitution. Among respondents to a second question about alternatives, sixty-one percent voted for statehood as the preferred alternative to the current territorial status.In December 2012, President Barrack Obama said that the majority has spoken in favor of statehood and urged Congress to take action.

Country Profile

Capital: San Juan

Location: Caribbean, island between the Caribbean Sea and the North Atlantic Ocean, east of the Dominican Republic.

Coordinates: 18°15'N, 66°30'W

Climate: Tropical Marine, average temperatures year round between 80 °F (26.7 °C) and 70 °F (21.1 °C).

Time Zone: Atlantic Standard (UTC - 4:00).

Currency: United States Dollar (USD)

Population: 3,706,690 (2011)

Nationality: Puerto Rican.

Primary ethnicity: Hispanic

Ethnic composition: white (mostly Spanish origin) 80.5%, black 8%, Amerindian 0.4%, Asian 0.2%, mixed and other 10.9%.

National anthem: La Borinquena

Official language: Spanish and English

Government: Democracy, Republic

Total area: 9,104 sq km (3,515 sq mi)