Friday, 13 September 2013

GRADUATES TURNED KIDNAPPERS DID THIS TO ME-Mike Ozekhome narrates

The human rights lawyer (pictured above with his wife after his release) who said he will never forget his experience in the hands of his abductors, narrated his ordeal to journalists in his home in Lagos.

Ozekhome, who had grown a beard, said he was driven on a rough road for about four hours to a jungle far removed from civilisation blindfolded, after he was captured close to Benin City about 3pm on August 23, 2013.

According to Ozekhome, the abductors took him to an uncompleted building in the bush while a colony of mosquitos descended and fed on him and other hostages like barbeque in the camp.

According to him, from the moment of his abduction on August 23, he and 12 other victims were blindfolded by the gang in the camp. Continue...



Ozekhome also said any time they wanted to speak to their abductors, they must face the ground, as looking at them (kidnappers) could hand the offender instant death sentence.

 “Every 24 hours of the day, we had death sentence hanging on our head. When any of the kidnappers wanted to speak to us, we must face the wall or the ground. They treated me gently because they said they had discovered I’m on the side of the masses, that I have been fighting for the masses.

Speaking further, he explained that his psychological and physical trauma was compounded when his son, Barrister Ilugbekhai and one of his juniors in chambers, Barrister Dominic Ezerioha, were lured and eventually detained with him in the camp.

He described his abductors as highly organised and well educated, which, according to him, made it difficult for security operatives to track them down.

He said: “Even when making phone calls to the families of the victims, they travelled across four or five states so that where they make the calls was different from where their victims were kept. They discussed national issues with high intellect.

“These are graduates of various disciplines, I believe. They understand philosophy, history, political science and, as I said, they have their medical team. One of them said he had graduated for six years without a job and they argued that only 1 per cent of Nigerians have fraudulently cornered the nation’s wealth; so they raise argument to justify their actions.”

“They vowed that, in 2015, they will move against the politicians who they accused of being in the habit of using and dumping them. I asked them, what is the way out? They requested that the federal government should also grant them amnesty and that they are ready to lay down their arms if they are given amnesty just like the Niger Delta militants.

“They said they are ready to come out of the jungle to remove their masks and join the roundtable talk if there is assurance that they will not be arrested by the government.”

According to Ozekhome, the kidnappers have several units and cells across the nation. “For example, they mentioned several notable Nigerians who had been kidnapped in the past in the north, east and west, which they claimed were through their network.”

Contrary to the general belief that the kidnappers usually conduct background information about their victims, Ozekhome said his abductors told him that they just operate randomly and that they don’t profile anybody before they are captured.

 “For example, they said they did not know me. They searched through my pocket. They collected everything including my card. So when they asked for my name and I told them, they said yes it is true.”

Moving forward, Ozekhome urged the federal government to declare a state of emergency on insecurity. According to him, a situation where none of us is safe on the road, in the air, on the water, in the day time or at night is a serious and monumental problem and we cannot continue to fold our hands.


He linked the problem of insecurity fundamentally to the massive youth unemployment in the country which he described as complex and gargantuan.

Consequently, he called on the government to declare a state of emergency on youth unemployment as any further delay may spell doom for the nation. He described youth unemployment as the father of Boko Haram, militancy, kidnapping and robbery.
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Martini Terrazza launches in Lagos... View All the Photos from the Event


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On Saturday, 7th September, the Martini Terrazza was launched at Rhapsody’s Ikeja, Lagos outlet.
A phenomenal tradition of excellence in taste and style that has lasted 150 years, the Martini Terrazza is a series of iconic rooftop bars in the heart of some of the world’s most cosmopolitan cities.
Lagos witnessed the grand unveiling of the Martini Terrazza at an exclusive event which provided a backdrop to the Martini Terrazza 150 Anniversary celebrations, with Martini Royale Terrazza experiences in Lagos, showcasing the increasingly popular Martini Royale drink.
As the latest addition to the iconic chain of classy and fun locations across the globe, the Martini Terrazza at Rhapsody’s replicates the stylish and instantly recognizable interior that the brand has unveiled in destinations around the world – from Milan to Geneva, Barcelona and London.
Martini ensured that the Lagos Martini Terrazza is equally stylish, iconic and as beautiful as you will find anywhere else in the world – creating an appealing ambience for those stepping into the world of Martini.
The Martini Terrazza in Lagos will became one of the citys’ most sought after hot spots, offering the perfect space to enjoy a refreshing Martini with friends and remains a key part of Martini’s unique personality.
A welcoming destination to share a playful taste of the finest drinks with like-minded people – for those wishing to seize the moment.
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Kate Middleton radiates in silver as she attends first red carpet event. since postpartum

The Duchess of Cambridge looked stunning in this glittering floor-length Jenny Packham dress and Jimmy Choo shoes as she accompanied her husband, Prince William, to the Tusk foundation gala dinner at The Royal Society in London yesterday. She looks glamorous!!!

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An eye on future growth and profitability

Ladi-Balogun


Ladi Balogun, Group Managing Director, FCMB
Thirty years ago, the man whose official signature is simply known as surebanker, Otunba Subomi Balogun, began a dream when he established the first privately owned merchant bank in Nigeria, originally called First City Merchant Bank. Today, 30 years on, his son, Ladi Balogun, currently Group Managing Director of what has now become First City Monument Bank Group, knows he has a task on his hands. The task is to begin another 30-year journey of leading this bank to even greater heights.
For if you are sitting on the chair as chief executive of any organisation with a history as long as three decades, some of those years of which you were a part of, there are likely to be at least two emotions running inside you. The first would be one in which you see yourself as being lucky. And that’s in the sense that you will find in the history of the organisation, parameters to benchmark whatever you hope to achieve as chief executive. The second emotion that is likely to be running inside you is one that would power-charge you, because you would be keen to set your own benchmark, sometimes selfishly telling yourself: “This must be a benchmark no one else can surpass.” Hey, you had better not tell that to shareholders, public or private; otherwise they would have your skin! Of course, they want to see yesterday’s profits made bigger today and then tomorrow and the day after!
But could these emotions be running right now inside of Ladi Balogun, the group chief executive of First City Monument Group, owners of First City Monument Bank along with a host of other financial services firms?
“The future is one in which we must attain our vision. We must become the premier financial service group of African origin, being a top three franchise in Nigeria and delivering the best customer experience. We must live by our values of excellence, professionalism, sustainability and customer focus,” the younger Balogun said.
That comment suggests that Balogun is aware of the whole notion of history and how in the world of business it has to be bettered. For even though the FCMB Group has grown in the last 30 years to what it is today, it is still a business that must continue to grow. He seems to recognise that the ingredients of growth are in building the FCMB franchise to a significant position in Nigeria and in a way that allows its customers have a unique experience. It is why he talks about values of excellence, professionalism, sustainability and customer focus.
Balogun has been in the group for more than a decade. In fact, he has been in banking since 1993 and as such knows how important the pursuit of growth as a strategy has helped the bank make progress. “Over the last three turbulent and eventful decades in our industry and economy, we have evolved from a privately owned merchant bank to a full service banking group with over 500,000 shareholders and two million customers. But on this significant occasion as we advance towards another 30 even more remarkable years, it is important to also hold fast to some of the enduring virtues and gifts that have brought us this far: visionary and the courageous leadership exemplified by our Founder, a culture of excellence: settling for nothing but the very best, integrity, hard work and the grace of God”.
The bank has indeed made great progress since it opened for business 30 years ago. For instance, in 1996, it made a landmark loan syndication of N70 million, at the time the largest, for the then National Fertilizer Company of Nigeria. Ladi Balogun became chief executive in 2005 and has made a lot of push that has contributed to the bank’s growth and development since then.
Early on in 2005, it embarked on an initial public offering (IPO) towards meeting the N25 billion share capital base and raked in N16billion. It would later go on to become one of only 25 banks which achieved this target. Under Balogun, the bank went on to acquire three banks, Cooperative Development Bank, Midas Bank and Nigerian American Bank (the former Nigerian subsidiary of Bank of Boston). This had at the time significantly announced the ambitious intentions of both the bank under Balogun.
Growth has also come by way of numbers. From just 26 branches in 2005, before the consolidation exercise, they grew to 150 branches in 2007. It attracted sizable foreign shareholding and entered into a Management Service Agreement with Sabre Capital the same year, which provided requisite technical support primarily in the area of consumer banking. The bank also raised its Tier 1 capital from just over N31 billion to N133 billion as a result of another public offer in 2007.
Significantly, Balogun, who had honed his teeth in the area of corporate banking, has helped to midwife a total turn around, with the bank consolidating its focus on universal banking and in particular, seeing it develop an expertise in consumer banking. In fact, it has developed deep interest in consumer banking that it is now difficult for those who are familiar with its antecedent to tell that it started off as a full-fledged merchant bank.
He thinks that this push in the direction of consumer banking is good for business, citing recent and frequent policy changes as underscoring the need to build “a robust business with a strong retail presence at its core.”
“I foresee the bank building more enduring relationships, acquiring 100,000 customers monthly and solidifying our leadership position in consumer loan origination. I see us taking our service standards in all ramifications to the highest levels,” he said.
 He is very positively bullish about how he thinks the bank will be relating with its customers. “I see us being a more helpful bank to businesses of all sizes. I see us creating a truly competitive corporate bank distinguished by empowered and highly skilled relationship managers, and I see us consolidating our investment banking business and using its synergies to offer a more complete service to our customers than competition. I urge us to believe it, play our role and it will come to pass”.
That is why Balogun has overseen the bank’s launch of several consumer products, implementation of a world class central processing centre (CPC) and robust Transaction Banking platform, offering of end-to-end solutions to corporate bodies, a successful piloting of the Direct Sales Agent Scheme (DSA) and the enhancement of both its SME and Public Sector business. These represent growth and this growth is also showing up in the balance sheet as well.
In this year of celebrating 30 years, half year result for 2013 that was recently released showed how much desire the Ladi Balogun-led management wants to grow the numbers. For instance, total earnings stood at N63.3 billion, 17.4 percent higher than the N53.9 billion earnings made within the corresponding period of 2012. Profit before tax also rose to N10.647 billion from N7.799 billion.
Apart from the growth in earnings, the statement shows positive growth in deposits within the first six months of 2013. Deposits surged by 10 per cent to N680.426 billion from N615.6 billion in 2012. The bank’s profitability was also looking up and reassuring, considering the fact that some first generation banks comparatively performed marginally despite their large asset base. Group account for the period saw the bank record an asset base of N923 billion, a growth of seven percent.
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US iPhone app targets child predators




In Washington  DC- The US department of homeland security enlisted smartphone users in its fight against child pornography on Thursday with an iPhone app intended to make it easy to report suspected child predators.
The Operation Predator app lets informants submit information via e-mail or a telephone tipline, and also includes a run-down of the nation's most-wanted alleged child sex offenders.
It is free to download via iTunes - albeit with a warning that it is not for persons under the age of 17, presumably the group most vulnerable to child sex crimes.
"When children are being sexually abused and exploited, it's a race against the clock to rescue the child and bring the predator to justice," said John Sandweg, acting director of US Immigration and Customs Enforcement (ICE), the homeland security unit behind the app.
"These investigations are one of our highest priorities and, in today's world, we need to be technologically savvy and innovative in our approach," he said.
Topping the app's list of nine fugitive suspects was one "John Doe," a white male aged 45 to 55, "wanted for production of child pornography," who could be living "anywhere in the world."
ICE said the unidentified man appears in glasses and a beard in video files seen by ICE agents in Los Angeles earlier this year sexually abusing a girl aged between 10 and 12 in a wood-panelled room.
Other suspects - all wanted for making, distributing or owning child pornography - include a 35-year-old Indian national who allegedly helped run an internet bulletin board for child-porn purveyors.
The Federal Bureau of Investigation (FBI) has for some time offered a broadly similar app that features not only America's 10 most wanted criminals and terrorists, but also a list of missing children.
ICE said its app would be available for non-Apple devices "in the near future".
- AFP
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