Fidelity Bank Records 40 Per Cent Profit In Q1

Nigeria’s Fidelity Bank said on Friday its first-quarter pretax profit rose 40.42 percent year-on-year to N5.94 billion  ($37.62 mln), up from N4.23 billion a year ago, the bank said.

Gross earningsat the mid-tier lender rose to N31.43 billion during the three months as against N22.43 billion in the same period last year.

FG may fly Suntai abroad for treatment

President Goodluck Jonathan says the federal government has put arrangements in place to fly the governor of Taraba state Alhaji Danbaba Suntai abroad for treatment if it becomes necessary.

Doctor Jonathan was speaking to Muslim faithful who came to pay him the Sallah homage in the Presidential Villa. He said that the governor is stable and that he will first be brought to the National Hospital in Abuja for treatment before any other action will be taken.

The Governor escaped death on Thursday after a plane he was flying crashed in Yola, the Adamawa State capital.

The governor, his aide-de-camp and chief security officer, who were also in the plane that took off from Jalingo, the Taraba State capital, and three others, were seriously injured.

Mr Suntai, who graduated as a pilot from the Aviation College in Zaria last year, was piloting the crashed plane. This would be the second time he is surviving a plane crash

The plane, a Cessna 208, 5N-BMJ, owned by the state government, crashed at about 7.45 pm, near the Nigerian National Petroleum Corporation (NNPC) Depot, on the outskirts of Yola.

The governor, who was brought in unconscious, was first taken to Yola Specialist Hospital for treatment, but was later, moved to the better-equipped Federal Medical Centre, Yola.

A statement from the Ministry of Aviation said the aircraft had six persons, including the crew on board when it crashed.

It said the aircraft departed Jalingo for Yola and reported contact with the Yola control tower, but shortly before it landed, the pilot lost contact with the control tower, while efforts to radio the aircraft failed.

Engineer blames inconsistent water policies for low water supply

Former president of the Nigerian Society of Engineers (NSE), Mr Kashim Abdul-Ali says the challenge of water supply in Nigeria is a function of weak and inconsistent water policies.

In his lecture at the 2012 October lecture of the Nigerian Society of Engineers, he recommended that local government authorities should be empowered to provide mini-water schemes in their areas or pair up to provide larger water schemes.

He called on the federal government to review and streamline the functions of the Ministry of Water resources in order to reduce its influence on policy institutions like the river basin development authority.

Figures made available at the lecture shows that about N800 billion has been expended in capital expenditure by the federal government on water yet access level remains low.

Legal expert says Jonathan’s administration is the worst since independence

Constitutional lawyer and Senior Advocate of Nigeria, Mr Robert Clarke has described Nigeria’s system of government as a civil form of government and not a democratic system of government.

Mr Clarke, made this know while evaluating Nigeria after its 52years of independence, stating that having experienced all the various system of government practiced by the country since, 1960, the current manner of government is the worst since the history of the country came into being and since the advent of democracy in 1999.

Clarke, who was speaking as a guest on Channels Television’s breakfast programme, Sunrise Daily, said “I have seen it pre-independence governance, I have seen first independence governance, I have seen military governance, I have seen the second republic governance and I am seeing now the so called third republic governance”.

Having a clear view of what the governance road has been before the Union Jack was lowered till now, the legal luminary said “I can assure you from my own experience, this is the worst since 1999, and this is the worst system of governance we have”.

He took a swipe at the president saying “I can assure you he (President Jonathan) cannot name twenty of his minsters off head”.

He also accused ministers and governors of having a long thread of aides that are paid for doing nothing with tax payers’ money.

Mr Clarke said the system of government being run in Nigeria is nowhere close to a democracy.

He said “Look let’s not deceive ourselves, we have no democracy in Nigeria, what we are running today in Nigeria is a civil form of government”.

He went further to explain what a true democracy is positing that it is “the entrenchment of institution”.

He said the institutions in Nigeria lack the autonomy to operate on their own, a trend he traced to Obasanjo’s civilian government that began in 1999.

“The police is still subservient to the governor, subservient to the president. The EFCC is still subservient to this..we have not entrenched the institutions we have to make them independent so that we can feel the effect of democracy”.