Fire Guts FRCN Station In Osun

Fire Wreaks Havoc At FRCN Station In Osun

 

Fire has gutted the Federal Radio Corporation of Nigeria (FRCN), Gold Fm in Ilesa, a town in Osun State.

The inferno was said to have begun very early on Saturday morning and destroyed equipment worth millions of naira.

An eyewitness told Channels Television that the fire was later put out after about an hour by officials of the Osun State Fire Service in Ilesa.

The Divisional Police Officer of Ayesa Police Station was also on ground with his men as well as residents in the area to render possible help.

The announcer on duty at the station who spoke with reporters at the scene, however, said no one could ascertain the cause of the incident.

Some of the places affected include live and recording studios, as well as engineering, programmes, marketing, accounts, and administration departments.

Buhari Approves New Board For NTA, Others

Buhari at his office The Nigerian Television Authority (NTA) has a new board led by a former Newspaper Editor and former Presidential Spokesman, Mr Duro Onabule.

President Muhammadu Buhari on Friday approved the new board which consists of six other Executive Directors.

They are: Dr. Steve Egbo, Administration and Training; Abdul Hamid Salihu Dembos, Marketing; Mohammed Labbo, News; Fatima M. Barda, Finance; Stephen Okoanachi, Engineering; and Wole Coker, Programmes.

Some other appointments were also announced in a statement issued by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina.

“At the Federal Radio Corporation of Nigeria (FRCN), Aliyu Hayatu is new chairman, while Buhari Auwalu and Yinka Amosun, are Zonal Directors, Kaduna and Lagos, respectively.

“Under the Ministry of Information and Culture, the following agencies have new appointees: Nigerian Film Corporation, Dr. Chika Maduekwe, General Manager; National Theatre and National Troupe of Nigeria, Comrade Tar Ukoh, Artistic Director; National Council for Arts and Culture, Mr Olusegun Runsewe, Director-General; National Film and Video Censors Board, Folorunsho Coker, Director-General,” the statement read.

The Vice President, Professor Yemi Osinbajo, will also serve as the Chairman of the National Emergency Management Agency (NEMA), while Mr Mustapha Maihaja is to serve as the agency’s Director-General.

According to the statement, other members of the NEMA Board are: “The Secretary to the Government of the Federation, Mr David Babachir Lawal; Captain Talba Alkali, representing Ministry of Transport and Aviation; Ambassador Rabiu Dagari, Ministry of Foreign Affairs; Dr. Ngozi Azadoh, Ministry of Health; Mr Muhammadu Maccido, Ministry of Interior; Mr Ajisegiri Benson Akinloye; Ministry of Water Resources, Air Vice Marshal Emmanuel Anebi, Nigerian Armed Forces; and AIG Salisu Fagge Abdullahi, Nigerian Police Force”.

The President’s spokesman said the appointments are to take immediate effect.

Senate Begins Public Hearing Into MTN’s Fraud Allegation

Senate on Whistle Blowers Bill and Witness Protection BillThe Senate has begun investigation of alleged connivance of communication giant, MTN and some banks in the repatriation of $13.92 billion out of Nigeria between 2006 and 2016.

The probe kicked off on Thursday at a public hearing in the National Assembly in Abuja, Nigeria’s capital city.

A lawmaker, Senator Dino Melaye, claimed that MTN did not request for a ‘certificate of capital importation’ from its bankers, Standard Chartered Bank within the regulatory period of 24 hours of the inflow.

Giving his testimony, a member of the MTN Board, Mr Pascal Dozie, described the allegation as false, saying the company never contemplated breaking any Nigerian law.

He further explained why his company did not request for the said certificate.

The Executive Secretary of the Financial Regulatory Council of Nigeria, Mr Jim Obazee, blamed the failure of regulatory agencies such as the CBN for the gradual depletion of Nigeria’s foreign reserves.

The Minister of Trade and Investment, Mr Okechukwu Enelamah, was also scheduled to give his testimony on the allegations leveled against him in the matter but left immediately after the opening ceremony.

This annoyed the Senate Committee on Banking and they threatened to sanction him for what seemed like a refusal to verbally address the accusations.

They also promised to analyse the documents submitted by all concerned parties in the next few days.

Chairman of the Senate Committee, Senator Rafiu Ibrahim, earlier hinted that the lawmakers had engaged the services of foreign and local forensic experts to investigate the alleged scam.

He told reporters at the National Assembly that the committee had also invited the management of the MTN and other stakeholders for questioning.

Senate Probes MTN Over Alleged $13.9bn Money Laundering

Senate Probes MTN Over Alleged $13.9bn Money LaunderingThe Nigerian Senate has launched an investigation into the alleged money laundering by Nigeria’s telecommunication giant, MTN.

The Chairman of Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Rafiu Ibrahim, made the disclosure on Wednesday in Abuja, Nigeria’s capital.

Senator Ibrahim said the committee had engaged the services of foreign and local forensic experts to investigate the alleged $13.9 billion scam by MTN.

He told reporters at the National Assembly that the committee had also invited the management of the MTN and other stakeholders.

The other stakeholders invited are Central Bank of Nigeria, Financial Reporting Council of Nigeria and the Minister of Trade and Investment, Mr Okechukwu Elenemah‎.

The probe follows the directive by the Upper House to investigate the alleged illegal transfer of the said sum by MTN in connivance with some Nigerians.

The transaction was purportedly facilitated by four commercial banks in Nigeria.

Fayose Hails John Momoh’s Emergence As BON Chairman

Fayose, John MomohGovernor of Ekiti State, Mr Ayodele Fayose, has hailed the election of Chairman/CEO of Channels Media Group, Mr John Momoh, as the Chairman of the Broadcasting Organisations of Nigeria (BON).

He extolled Mr Momoh’s virtues as an ace broadcaster and veteran journalist whose hard work and expertise as a media entrepreneur has earned him several deserving awards.

He highlighted his national award as an Officer of the Order of the Niger (OON), his 2014 Planet Africa Awards for Excellence in Leadership among others, as well deserved honour.

Mr Fayose believes that broadcasting in Nigeria is set on a dynamic and prosperous course with Mr Momoh now in the saddle.

John Momoh
Chairman/CEO of Channels Media Group, Mr John Momoh

“It is heartwarming to commend Mr John Momoh for emerging the first professional and private television entrepreneur to become the chairman of the BON.

“Mr. Momoh is a core professional who has practised his trade in broadcasting with sound judgment and strict adherence to its ethical tenets.

“He has brought his professionalism to bear on the management of the Channels Television which has since emerged as a leading broadcasting station in the country as well as a multiple award winning 24-hour news television channel.

“Momoh is widely recognized in Nigeria as a transformative industry pioneer with his 37-year-long career in news television broadcasting.

“Little wonder he was included in a new book by veteran journalists and ex-helmsmen of The Daily Sun newspapers, Mike Awoyinfa and Dimgba Igwe, titled ‘50 WORLD EDITORS — Conversations with Journalism Masters on Trends and Best Practices’, where his success story and that of Channels TV is chronicled as a chapter.

“While I wish him a great time as BON helmsman, I want to urge him to continue to adhere to the ethical tenets guiding the trade and also protect the sanctity of the noble profession,” Governor Fayose said in a statement by his Chief Press Secretary, Idowu Adelusi.

Mr John Momoh was elected as Chairman of the Broadcasting Organisations of Nigeria (BON) at the annual delegate conference on Wednesday, July 27, 2016 in Abuja.

He polled 51 votes to defeat his opponent, Mr Abbas Dalhatu from Freedom Radio, Kano who scored 12 votes.

This is the first time a private television media owner would be holding this position.

Nigerian Govt. Sacks 20 More Heads Of Parastatals, Agencies

portfolioThe Nigerian government has disengaged 20 more heads of federal parastatals and agencies.

Their disengagement was contained in a statement on Monday by the Secretary to the Government of the Federation, Mr David Lawal.

Earlier, six heads of agencies and parastatals under the Ministry of Information and Culture were sacked.

The Statement read: “The President of the Federal Republic of Nigeria, Muhammadu Buhari has approved the immediate disengagement of the following Chief Executive Officers of the under-listed Parastatals, Agencies and Commissions”.

President Buhari also approved that the most senior officers in the Parastatals, Agencies and Councils oversee the activities of the organisations pending the appointment of substantive Chief Executive Officers.

According to the statement, President Buhari, however, thanked the affected government officials for their invaluable services to the Nation and wished them well in their future endeavours.

List of the 26 parastatals and agencies.

(i) Nigerian Television Authority (NTA)
(ii) Federal Radio Corporation of Nigeria (FRCN)
(iii) Voice of Nigeria (VON)
(iiii) News Agency of Nigeria (NAN)
(v) National Broadcasting Commission (NBC)
(vi) Petroleum Technology Development Fund (PTDF)
(vii) New Partnership for Africa’s Development (NEPAD)
(viii) Nigeria Social Insurance Trust Fund (NSITF)
(ix) Nigerian Content Development and Monitoring Board(NCDMB)
(x) Federal Mortgage Bank of Nigeria (FMBN)
(xi) Tertiary Education Trust Fund (TETFund)
(xii) National Information Technology Development Agency (NITDA)
(xiii) Petroleum Equalization Fund
(xiiii) Nigeria Railways Corporation (NRC)
(xv) Bureau of Public Procurements (BPP)
(xvi) Bureau of Public Enterprises (BPE)
(xvii) Petroleum Products Pricing Regulatory Agency (PPPRA)
(xviii) Standard Organization of Nigeria (SON)
(xix) National Agency for Food and Drugs Administration and Control (NAFDAC)
(xx) Nigeria Investment Promotion Council (NIPC)
(xxi) Bank of Industry (BoI)
(xxii) National Centre for Women Development (NCWD)
(xxiii) National Orientation Agency (NOA)
(xxiiii) Industrial Training Fund (ITF)
(xxv) Nigerian Export-Import Bank
(xxvi) National Agency for Prohibition of Traffic In Persons and Other Related Matters (NAPTIP).

FG Disengages Heads Of NTA, FRCN, Other Information Parastatals

Lai-Mohammed-APCThe Federal Government has disengaged the heads of the six information-related parastatals under the Ministry of Information and Culture.

The Minister of Information and Culture, Mr Lai Mohammed, announced the disengagement during a meeting he held with the Chief Executives of the Nigerian Television Authority (NTA), Federal Radio Corporation of Nigeria (FRCN), Voice of Nigeria (VON), News Agency of Nigeria (NAN), Nigerian Broadcasting Commission (NBC) and the National Orientation Agency (NOA) on Monday.

According to a statement signed by SA to the Minister, Segun Adeyemi, the Minister directed the disengaged Chief Executives to hand over to the most senior officials in their various establishments.

He thanked them for their service to the nation and wished them the best of luck in their future endeavours.

The affected Chief Executives are the Directors-General of NTA, Mr Sola Omole, FRCN (Mr Ladan Salihu), VON (Mr Sam Worlu), NOA (Mr Mike Omeri), NBC (Mr Emeka Mba) and the Managing Director of NAN (Mr Ima Niboro).

FG Challenges African Media On Quality Content

mediaThe federal government has challenged African broadcasters to scale up the quality of their content to sustain viewership in the continent.

Addressing participants at the African Union Broadcasting 9th general assembly in Abuja, the Minister of Information, Lai Mohammed, observed that content is the media’s biggest challenge in Africa.

The focus of the conference was on the need for broadcasters to leverage on content to dominate the media space and become catalysts for growth and the Minister challenged the audience to “be the stimulants for growth”  and “serve the promotion of culture”.

He warned, “If the issue of content is not addressed urgently, public broadcasters in Africa that once dominated the broadcasting landscape will have no viewers in the next ten years.”

The Director General and officials of the Nigerian Television Authority, National Broadcasting Commission, FRCN, NIGCOMSAT as well as Channels Television were at the conference.

Broadcasters and officials from Nigeria including the Chief Executive Officer of the African Union of Broadcasters identified digitization as a vehicle to enhance services, interactive content and a vibrant media industry that will help grow the economy; a view shared also by the Minister, “This (digital switch) must not be seen as a simple switch from analogue to digital but an opportunity to provide enhanced services.”

After it became apparent that Nigeria would not meet the June 17, 2015 deadline set by the International Telecommunications Union to transit from analogue to digital, the summit rekindled hope for African countries looking towards a greater future for the African media.

Court Bars FRCN From Interfering In Stanbic IBTC Operations

court-gavelThe Federal High Court sitting in Lagos has barred the Financial Reporting Council of Nigeria (FRCN) from interfering in the operations of Stanbic IBTC Holdings Plc pending the final determination of a suit challenging the actions of the regulatory agency.

Presiding Justice Ibrahim Buba in a ruling on the motion for interlocutory injunction filed by Stanbic IBTC Holdings also restrained FRCN from inviting the company’s entire Board of Directors to any meeting in connection with any statutory investigation of its financial statements until the final determination of the pending suit.

Stanbic IBTC Holdings had dragged the FRCN and the National Office for Technology Acquisition and Promotion (NOTAP) to court over allegations of material mis-statements in its financial accounts which culminated in a one-billion Naira fine.

The court’s proceedings have been adjourned till Friday, November 6, for the hearing of the motion for joinder by an interested party.

The Main Suit

In the main suit, the bank is asking the court to determine whether FRCN has the power to impose a fine of one billion Naira on it.

The bank also wants the court to determine whether or not the FRCN has the power to license Directors and other office holders of public interest entities and if it also has the power to suspend the said licence by suspending a Director or other office holder of a public interest entity.

It also wants the court to determine if the council has the power to bar any Director or other office holder from signing the entity’s financial statements without informing the affected Director or other office holder what he/she has done wrong and giving him/her the opportunity to show cause why disciplinary action should not be taken against him?

It further asked the court to answer the question whether “the true construction of the National Office for Technology Acquisition and Promotion (NOTAP) Act 1979 is non-registration of an agreement registrable under the NOTAP Act a criminal offence”?

Other reliefs sought by the bank include: “A declaration that failure to register a registrable agreement under the NOTAP Act is not a criminal offence.

“A declaration that failure to register a registrable agreement under the NOTAP Act does not render the agreement illegal and unenforceable or render the agreement null and void.

“A declaration that the effect of non-registration of a registrable agreement under the NOTAP Act is as stated in section 7 of the NOTAP Act, namely to prevent payment or remittance of money to any person outside Nigeria in respect of the unregistered agreement.

“A declaration that the first defendant has no power to dictate to a public interest entity the types of commercial agreements that it may enter into in the conduct of its business.

“A declaration that the first defendant has no power to license Directors or other office holders of a public interest entity who may sign financial statements of such entities, for example by giving the directors or other office holders FRC numbers and insisting that the FRC numbers must be quoted on all financial statements signed by them.

“A declaration that Regulation 18 of the Inspection and Monitoring Regulations is invalid, null and void”.

FRCN had last week sanctioned Stanbic IBTC over its audited accounts for 2013 and 2014 and suspended the bank’s chairman, Mr Atedo Peterside, and its Chief Executive, Mrs Sola David-Borha.

The FRCN also suspended two other Directors; Mr Arthur Oginga and Dr. Daru Owei, for attesting to what it termed the “misleading” 2013 and 2014 financial accounts of the bank, as well as Ayodele Othihiwa of KPMG Professional Services for his firm’s alleged complicity in the infractions highlighted in the financial reports for the two-year period.

The sanctions were based on issues raised by the bank’s minority shareholders led by the Mahtani brothers who own the Churchgate conglomerate, to some other regulatory agencies such as NOTAP, Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN), among others.

Stanbic IBTC vs. FRCN: Court Fails To Sit 

StanbicThe Federal High Court sitting in Lagos on Tuesday failed to sit to hear a suit instituted by Stanbic IBTC against the Financial Reporting Council of Nigeria, FRCN, and National Office for Technology Acquisition and Promotion, NOTAP.

Presiding Justice Ibrahim Buba was absent and the proceedings had to be adjourned to Wednesday, November 4.

In the suit, Stanbic IBTC Bank is asking the court to determine, among others, whether FRCN has the power to impose a fine of 1 billion Naira on it.

FRCN had last week sanctioned Stanbic IBTC over its audited accounts for 2013 and 2014 and suspended the financial reporting numbers of the bank’s Chairman, Mr. Atedo Peterside, and its Chief Executive, Mrs Sola David-Borha, and also barred them from vouching for the integrity of any financial statements in Nigeria.

The body also suspended two other directors – Mr. Arthur Oginga and Dr. Daru Owei – for attesting to what it termed the “misleading”  2013 and 2014 financial accounts of the bank, as well as Ayodele Othihiwa of KPMG professional services for his firm’s alleged complicity in the infractions highlighted in the financial reports for the two-year period.

It based its sanctions on issues raised by the bank’s minority shareholders led by the Mahtani brothers who own the Churchgate conglomerate, to some other regulatory agencies such as NOTAP, Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN), among others.

Buhari Seeks End To Piracy In Nigeria’s Entertainment Industry

PiracyPresident Muhammadu Buhari has directed law enforcement agencies to step up their efforts to curb the menace of pirates in Nigeria’s entertainment industry so that artistes can enjoy the fruits of their labour.

President Buhari gave the directive after receiving a briefing from the Permanent Secretary of the Ministry of Information, Dr. Folasade Yemi-Esan and her Directors on Tuesday in Abuja.

He charged law enforcement agencies to identify the perpetrators of copyright piracy, their sponsors and collaborators, and bring them to justice.

President Buhari also charged the Nigeria Television Authority (NTA) and the Federal Radio Corporation of Nigeria (FRCN) to tap into the opportunities presented by their wide reach to shore up their revenue profiles.

APC To Boycott TV Debates

DebatesThe All Progressives Congress, APC, has said that its presidential candidate, General Mohammadu Buhari, would not be participating in the electioneering public debates on national television and radio, being organised by state owned institutions and media organisations.

The Buhari Campaign Organisation made the declaration on Thursday in a press release.

The party stated that its reason for wanting to boycott such debates is that the set up is fraught with fundamental errors from the outset.

The Buhari Campaign Director of Media, Garba Shehu, in the statement, said that the organizers were wearing the toga of government control, especially being composed mainly of agencies and allies of the ruling Peoples Democratic Party, PDP.

He said that General Buhari would exempt himself from such debates being organised by broadcast stations that have denigrated and maligned his person and that of his family.Debates

“A cursory inspection of the composition of NEGD brings into focus the Broadcasting Organisation of Nigeria (BON), National Television Authority (NTA), Federal Radio Corporation of Nigeria (FRCN) and the Africa Independent Television (AIT, owned by a PDP chieftain).

“The avalanche of inflammatory statements, misinformation and blatant lies being propagated by some of these media against our Party and candidates, contrary to the Kofi Annan brokered Abuja Peace Accord, and the failure of these aggressors to desist and apologise, have left the APC Campaign with no option than to steer clear of any premeditated smear campaign that could be inimical to our prospective electoral success,” Shehu said.

However, the party said that General Buhari had been preparing for debates and would be willing to participate when the organisations involved are considered to be neutral.