Victor Moses extends Chelsea contract until 2021

Victor Moses, Chelsea FC winger, has been rewarded for his sterling performance this season with a two-year contract extension.

The 26-year-old Nigeria international’s previous deal was due to expire in 2019 but Moses has now extended his stay until 2021.

The wing-back has been one of the stars of the Blues’ season and has played a key part in the league leaders’ title charge.

Moses, a £9m signing from Wigan in 2012, appeared to be down the Stamford Bridge pecking order after being loaned out for three straight seasons before Antonio Conte’s arrival.

After impressing Conte in pre-season to force his way back into the Blues’ set up, the versatile Nigerian has become a regular since Chelsea switched to a 3-4-3 formation.

Moses has made the right-wing-back spot his own and has started every league game since October.

His impact and growing importance to Chelsea is underlined by the fact that his terms have been upgraded just 18 months after he signed his previous new deal.

He signed a four-year, £45,000 a week deal in September 2015 but the Blues have been quick to offer him another improved deal to reflect his new status as a first-choice pick fo Conte.

“I feel very excited. I’m delighted to be here for another few years now and to sign a new deal,” Moses said.

“Now it’s time to concentrate on the team and keep working hard to make sure we win games and try to win the Premier League this season.

“We’re having a great season, I’m enjoying my football and we have a good manager here that has given every single one of us confidence.

“I just want to keep on enjoying it and working hard for the team.”

Michael Emenalo, Chelsea technical director said, “We are extremely pleased Victor has chosen to extend his contract with us.”

“He is enjoying an excellent season and, under Antonio’s leadership, has proved to be an important member of the squad.

“This new contract is testament to Victor’s hard work and dedication to succeed at Chelsea and we believe he will be a big part of our future success.”

 

Source: The Cable

How Dasuki Paid Dokpesi N2.1bn Without A Contract- Witness

A prosecution witness in the trial of former chairman of Daar Communications and Investment Plc, Raymond Dokpesi on Tuesday claimed that he(Dokpesi) was paid without executing any contract with the Officer of the National Security Adviser (ONSA).

Salisu Shuaibu, who was former Director of Finance in the ONSA, testified at an Abuja Federal High Court that the sum of N2.1 billion was transferred to Dokpesi through the Central bank of Nigeria (CBN) in four tranches of N500m each.

Led in evidence by counsel to the Economic and Financial Crimes Commission (EFCC), Rotimi Jacobs (SAN), Salisu stated that a contract would usually require an agreement with the company prepared by the legal officer at ONSA and approved by the NSA, which was not done with Daar.

He testified that on the four occasions, he was instructed by the then NSA, Sambo Dasuki to prepare the payment mandate for him to sign while he (Salisu) counter-signs. The document will then be forwarded to the Central Bank of Nigeria (CBN) for execution.

He said the processing of payment mandate for contractors of the ONSA began under the tenure of late General Owoeye Azazi and was used for the purchase of military hardwares, explaining that the contracts do not include media campaigns.

“This payment is the first time we are budgeting for media campaign in the Office of the National Security Adviser,” he said.

However, being cross examined by defence counsel, Wole Olanipekun (SAN), Salisu admitted that the ONSA was not a procurement agency under the Procurement Act, but added that the office enjoys some exemptions in the area of purchase of military equipment.

The case has been adjourned to February 7 and 8, 2017 for hearing.

Credit: dailytrust

FG threatens to revoke Ekiti federal varsity building contracts.

The Inter-Ministerial Committee on Government Projects has threatened to revoke some contracts awarded at the Federal University, Oye Ekiti, in Ekiti State.

The committee issued the threat after inspecting some ongoing projects at the institution.

The team, led by the Deputy Director of Procurement in the Federal Ministry of Education, Mr. Musa Odiniya, particularly warned Tripod Nigeria Ltd. and Dumaco Best – the contractors handling the Central Administrative Block and the University Library projects, respectively.

The Vice-Chancellor of the university, Prof. Kayode Soremekun, who conducted the team round the project sites, expressed disappointment at the slow pace of work on the two projects.

He said, “The larger story is that some of the critical projects have been abandoned. The contractors handling the construction of the library and the Central Administrative Block have been lackadaisical.’’

Soremekun said that he stopped the payment of N50m to a contractor because there was nothing to show for the N23m he had earlier received.

“What is the guarantee that he will not abscond again? The effect is that Nigerian students will study with substandard facilities. If these structures were put in place, Nigerians would generate foreign exchange because people from other countries would enroll their children here.”

The VC blamed the attitude of the contractors on impunity within the system, saying, “Some people believe they can do things without consequences. I hope there would be consequences this time. The implication is that you are killing the future of Nigerian youths that are supposed to be using the facility.”

The committee noted that the contractors did not show that they had the funds to handle the job even after 85 percent payment to one of them.

Reps Grill Peterside Over NIMASA’s $5bn Debt Recovery Contract

The House of Representatives Committee on Marine Safety on Tuesday grilled the Director-General of the Nigerian Maritime Administration and Safety Agency, Mr. Dakuku Peterside, over a controversial contract to recover NIMASA’s alleged $5bn debt.
A firm, SNECO Financial Services, which was incorporated on April 4, 2016, was awarded the contract.
The House committee, which is chaired by Mr. Umar Bago, is in possession of petitions, alleging the breach of due process and fraud in the award of the contract.
One of the petitions clearly stated that under the terms of the contract, SNECO would take 13 per cent of the recovered debts, a figure the committee queried for being “huge.”
Lawmakers observed that this would be about $65million profit for the firm.
Bago said, “We have the petitions here. The petitioners consider this a waste of public funds.
“Why will NIMASA engage another firm to perform its functions? Why do we have staff in NIMASA? What is their work?”
Another member of the committee, who is the Chairman, House Committee on Power, Mr. Dan Asuquo, directed Peterside to produce the audited account of the firm.
“What is the pedigree of SNECO?
“Where is their audited account? We want to know their owners,” he added.
But, Peterside, a former member of the House, told the session that NIMASA complied with all due process requirements in awarding the contract.
He explained how the Bureau of Public Procurement awarded a certificate of no objection on the contract.
However, Peterside, denied that he ever mentioned that NIMASA’s debt was $5bn or $10bn as had been quoted by some persons.
According to him, the agency’s debts from 2004 to 2016 was $420.55m.
He wondered how the petitioners arrived at the $5bn that was quoted.
He spoke more, “I never said that NIMASA was owed $5bn. The entire volume of shipping trade in Nigeria in the last four years is nothing close to $10bn.
“We complied with every provision of the Public Procurement Act.”
But, lawmakers were not satisfied with his explanations and insisted on holding a full investigative hearing on the controversial contract.
“DG, there will be an investigative hearing. So, you can speak on those questions that you have answers to give now.
“On those questions that you are not ready to answer, please prepare fully and come during the investigative hearing,” he said.

Fasheun, Adams, Dokubo Others Threaten To Sue NNPC Over Contract Termination

The pipeline security contractors have threatened to sue the Nigerian National Petroleum Corporation (NNPC) over the termination of contracts signed during the last administration of President Goodluck Jonathan.

In an open letter to President Muhamadu Buhari by the contractors, they stated that the NNPC must, immediately, settle its three months’ indebtedness having fulfilled their own part of the deal. Â The security companies are Dr Fredrick Faseun’s New Age Nigeria Limited; Otunba Gani Adams’ Donyx Global Concept Limited; Alhaji Asari Dokubo’s ATEF Nigeria Limited; Chief Bibo Pere Ajube’s Galery Security Services Limited; Chief Joshua Machiever’s Bajeros Nigeria Limited; Chief Omo’s Close Body Protection Limited and Izon Ibe’ Security Limited.

‘It should be known that the contractors had valid and duly signed contract agreements with the management of the NNPC to protect the pipelines for a period of three months’, the letter read in part, saying instead of NNPC fulfilling its own part of the deal, ‘the public perception of the NNPC Pipeline Security and Surveillance job was that former President Goodluck Jonathan gave the job to the contractors on the platter of politics’.

Creditthisdaylive

OPC Pulls Out Of Pipeline Surveillance Contract

The Oodua People’s Congress, OPC, said it would pull out its men from guarding all Nigerian National Petroleum Corporation, NNPC, pipelines nationwide from yesterday.

Mr. Yinka Oguntimehin, spokesman for Gani Adams faction of the congress, said this in Lagos yesterday. Oguntimehin said it became necessary because the corporation had yet to start paying for the work its men were doing.

He said the corporation was, as part of the contractual agreement entered into three months ago, expected to start payment.The spokesman said OPC personnel had continued to guard the pipelines with the belief that the corporation would pay as promised.

He said: “When we were given the contract on March 15, it was agreed that they will release money for OPC personnel for effective protection of NNPC pipelines nationwide. “We lost one man last month because of the activities of the vandals here in Lagos, while some of our men were arrested in the course of protecting the pipeline.

“We had told them to release some of our money before the new administration took over, but they kept promising us.

“Enough is enough. Three months have passed since our members started monitoring the pipeline, and we have fulfilled our part of the agreement.

“By 10p.m. today (yesterday), our personnel will move out of the NNPC pipelines nationwide and this applies to other groups in the country.”

Government had in March awarded a multi-billion naira contract to OPC to secure NNPC pipelines in the South-West region.

Read Morevanguardngr

The Hut

Jake Okechukwu Effoduh Represented Nigeria at the World Economic Forum Meeting at the Vatican. He shares his experience from his meeting with the Pope.

The Hut

by Jake Okechukwu Effoduh.

Insight from the World Economic Forum meeting at the Vatican

 There is a common Igbo[1] proverb that says, ‘A man who does not leave his hut will bring nothing in.’[2] This saying describes a person with self-interest who is only concerned about the business in his hut and does not see the need to go or look outside. The hut represents a mindset. It is a way of thinking, that restricts not only the individual, but also their family and community at large.

Reflecting on this proverb reveals the potential of an increasing value to an individual and the community at large when a person is willing to go outside and bring more people in. The notion of: ‘with more people in the hut, the food gets smaller for everyone’ is a deceitful concept because with more people let inside, there will be more food. There are more resources outside therefore, more people coming in, means more resources and capacities.

“Whoever looks into a mirror in order to improve himself hasn’t really changed”. The capitalist world has looked at businesses in the same mirror for many years and the image it creates is a widening gap between the rich and the poor. Perhaps it is time to look, maybe not at the mirror anymore, but the window – to see who is outside the hut and if possible open the doors to let them in.

This reason why the World Economic Forum called together 80 leaders from around the world was to explore ways of overcoming social and economic exclusion. The event was a result of the collaboration between the Holy See (Pontifical Council for the Laity) and the Pontifical University of the Holy Cross, and it took place on the 18th and 19th of November 2014 in Rome, Italy. The meeting was inspired by the teachings of Pope Francis contained in the book, Evangelii Gaudium[3] and his message to participants at the Annual Meeting 2014 in Davos-Klostiers[4]. His Holiness states that, ‘Business is – in fact – a vocation, and a noble vocation, provided that those engaged in it see themselves challenged by a greater meaning in life’[5].

Jake Okechukwu Effoduh Speaking With Chidiogo Akunyili, The Senior Manager Africa Of The Global Shapers Community As Well As, Mauro Ometto, A Global Shaper Of The Rome Hub.

Jake Effoduh Speaking With Chidiogo Akunyili, The Senior Manager Africa Of The Global Shapers Community As Well As, Mauro Ometto, A Global Shaper Of The Rome Hub.

 

 

 

 

 

 

 

 

 

Today, half of the largest 100 economies are companies[6]. The governments who are meant to be custodians of the ‘greater meaning’ are now losing economic power to the Fortune 500s. Businesses are more interested in profits than the ‘greater meaning in life’ and this has dragged the world to an extreme poverty trap. With a billion and a half of the world’s population living in slums, the current social inequality has resulted into a global economic dysfunction. Economic and social inequalities are the root causes of social evil. This is evidenced by Oxfam’s statistics revealing that more than half of the world’s population owns the same wealth as the richest 85 persons[7]. In other words, 85 individuals in a world of 7 billion are living in huts that can accommodate half of the world.

Participants at the Vatican meeting comprised of World Economic Forum’s Global Shapers, Young Global Leaders and Social Entrepreneurs communities. Also present were representatives from the Holy See, senior business leaders and global experts on inequality and social inclusion. We examined the drivers of inequality and explored novelties from the private and public sectors, and civil society that can help build more inclusive, entrepreneurial economies that are based on the principles of love and respect for all.

The outcome of the meeting was the creation of a new social contract for all human progress, which will provide essential resources for economic engagement, ensure well-functioning institutions, rights and responsibilities, and enable all global citizens to lead purposeful lives. The three areas to enable the realization of a new global mindset are: personal transformation, organizational transformation and cultural transformation.

Jake Effoduh Discussing With A Caucus Group As They Draft The "New Social Contract"

Jake Effoduh Discussing With The Caucus Group As They Draft The “New Social Contract”

 

 

 

 

 

 

 

 

On personal transformation: The Pope made it clear that people can make relevant contribution by placing their expertise at the service of those who are still in poverty; “The vocation of an entrepreneur is a noble work when it is led by a quest towards the broader meaning of life[8].” One hut can change the mindset of an entire community. One person can make the difference. Professor Klaus Schwab is one person. He founded the World Economic Forum in 1971[9] through inspiration from his own book, Moderne Unternehmensführung im Maschinenbau[10] – in which the stakeholder principle was first ever defined[11]. He is the same person who created the Schwab Foundation for Social Entrepreneurship[12] in 1998, at a time when nobody knew what social entrepreneurship was! Two heads may be better than one, but one head is enough to inspire and commit others to improving the state of the world. Schwab’s ideology is that even if one hut (or stakeholder) may be too small, one must realize that there are those who do not have huts – and they constitute one and a half billion people.

The purport of organizational transformation is to create a new language in organizations. The language of using long term dynamism to meet short term goals; the language of leadership not rulership; the language of owning the responsibility for social transformation and human development. We have to evacuate ourselves from the circular economy of “take-make-waste” to “take-make-retake-remake-retake-remake.” Capitalism in its current model is unequivocally broken and it is going to get worse if we don’t incorporate ecological boundaries as well as the need to embrace equality in humanity. We need a world of plenty and not plenty for a few. Therefore there is need for organizations to transform their mindsets. It’s not about making profits but about making people.

Cultural transformations will only fruition with acceptance. We must work towards a system that embraces all people from all backgrounds, ensuring that each individual and group has the ability to contribute to a prosperous, purpose-driven world to their highest potential. They say what a man can do; a woman can do better. But why do women constitute 70% of the world’s poorest?[13] Anti-discrimination laws covering sexual orientation have an especially strong correlation with GDP per capita[14]. But do we need a business case before we advance equality? Living by the culture of your hut is like looking into the mirror to improve yourself. Stepping outside your hut will give you an opportunity to have a better perspective. Stereotypes must be unlearned.

15874832271_5d38922432_o

The Podium

 

 

 

 

 

 

 

 

The new mindset is about recognizing the human dignity. It is about selflessness and sacrifice. It is ensuring that institutions exist for common good and stewardship. Businesses must be capable of feeling emotion, compassion and humanity. ‘How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?’[15]

The Qur’an instructs us to ‘give them [the poor] of the wealth of God, which He has given you’.[16] The bible says ‘whoever is generous to the poor lends to the Lord, and he will repay him for his deed’[17]. Charity is a necessity in life because some of us are tested by being rich and some of us are tested by being poor, but charity is not enough. The new mindset goes beyond the thinking that the poor cannot help themselves, or that they have no capacity. Our role in helping the poor is not likened to filling up empty vessels but to ensure that the vessels are uncovered to all their potentials. There is no dignity in giving another man bread, if you are capable of teaching him how to make bread.

Social and economic exclusion is not our inescapable destiny. We can make what seems inevitable, intolerable. We need to change the mentality of “we can’t fix this world” to “we can’t have this world like this” Hence the reason why the pope calls us to action, with a sense of urgency: ‘to ensure that humanity is served by wealth and not ruled by it’[18].

 

Cross Section of Participants

At The Plenary With Participants

 

 

 

15876196832_6674fcfd51_o

Speaking With Experts On Inclusion

ABOUT:

Jake Okechukwu Effoduh is one of the 4,401 Global Shapers: A Community of exceptional young individuals under the age of 30, initiated by the World Economic Forum with currently 359 independent hubs worldwide. Jake Okechukwu is the Deputy Curator of the Abuja Global Shapers Hub, one of the 5 existing hubs in Nigeria. He was invited to The Forum’s meeting at the Vatican where he worked with a selected caucus to draft the new social contract; a framework for meeting the challenge to overcoming social and economic exclusion in the world. It was submitted to, and accepted by His Holiness Pope Francis I. Email: effoduh@gmail.com

FOOTNOTES:

  • [1] A tribe from the South- Eastern region of Nigeria and one of the major spoken languages in Nigeria.
  • [2] Akporobaro F.B.O and Emovon J.A Nigerian Proverbs: Meaning and Relevance Today Nigeria Magazine, Lagos, (1994), p. 113.
  • [3] His Holiness, Pope Francis I ‘Apostolic Exhortation Evangelii Gaudium of the Holy Father Francis to the Bishops, Cergy, Consecrated Persons and the Lay Faithful on the Proclamation of the Gospel in Today’s World’ accessed 7th December 2014.
  • [4] The Vatican, ‘Message of Pope Francis to the Executive Chairman of the World Economic Forum on the occasion of the Annual Meeting 2014 at Davos-Klosters’ (17 January 2014) Vatican.
  • [5] Ibid.
  • [6] Michael Posner, former U.S Under Secretary of State, Democracy, Human Rights and Labor, July 2012
  • [7] Oxfam International, “Number of billionaires doubles since financial crisis as inequality spirals out of control”, accessed 7 December 2014.
  • [8] Ibid. (n3).
  • [9] The history of the World Economic Forum, accessed 7 December 2014.
  • [10] Meaning “Modern Management in Mechanical Engineering”
  • [11] This concept states that the management of an enterprise is not only accountable to its shareholders but must also serve the interests of all stakeholders, including employees, customers, suppliers and, more broadly, government, civil society and any others who may be affected or concerned by its operations.
  • [12] http://www.schwabfound.org
  • [13] Carly Fiona on ABC’s “This Week” January 12th 2014. accessed 7 December 2014.
  • [14] The Williams Institute, ‘The Relationship between LGBT Inclusion and Economic Development: An Analysis of Emerging Economies’ (2014) P.2.
  • [15] Ibid. (n3), P. 53.
  • [16] The Holy Quran, Verse 24:33.
  • [17] The Holy Bible; Proverbs 19:17.
  • [18] Ibid. (n4).